1973 Annual Financial Report City of
Wichita Falls Texas
ANNUAL FINANCIAL REPORT
1
T E7T;
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FOR YEAR ENDING SEPTEMBER 30, 1973
Ronald R. Wood
Director of Finance
CITY OF WICHITA FALLS, TEXAS
MAYOR AND BOARD OF ALDERMEN
J. Winston Wallander
J. C. Boyd, Mayor Pro Tem Harry Campsey
Harrison E. Taylor Willard J. Still
Lonny D. Morrison Mrs. Peggy McCullough
CITY MANAGER
Gerald Fox
DIRECTOR OF FINANCE
Ronald R. Wood*
INDEPENDENT AUDITORS
Jarratt, Cocke & Tillery
*Member of Municipal Finance Officers Association of the
United States and Canada
THE MUNICIPAL FINANCE OFFICERS ASSOCIATION
OF THE UNITED STATES AND CANADA
Certified that
THE ANNUAL FINANCIAL REPORT OF
The City of 11Vic11ita falls, Texas
For the Fiscal Year Ended September SO, lq 70
SUBSTANTIALLY CONFORMS TO THE PRINCIPLES AND STANDARDS OF
PUBLIC FINANCIAL REPORTING AS PROMULGATED BY THE
JHunicipat ,finance ®fficerd addociation
AND THE
. ationat Qtonunittee onlb obernntentat accounting
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° presented : Fri 14,1071Chairman, Committer on Accounting .
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Executive Director/
CITY OF WICHITA FALLS, TEXAS
Financial Report For The Year Ended September 30, 1973
Table Of Contents
Exhibit Page
No. No.
Letter of Transmittal
Accountants' Opinion vii
COMBINED FINANCIAL SECTION
A-1 Balance Sheet - All Funds 1
A-2 Statement Of Unappropriated Fund Balances And Retained
Earnings (Deficit) By Fund 3
A�3 Combined Statement Of General Government Revenues -
Estimated And Actual 4
A-4 Combined Statement Of General Government Expenditures
And Encumbrances Compared With Authorizations 5
A-5 Statement Of Changes In Financial Position - By Fund 6
A-6 Combined Statement Of Cash Receipts And Disbursements -
All Funds 7
A-7 Combined Schedule Of Bonds Payable 8
A-8 Combined Schedule Of Delinquent Ad Valorem Taxes
Receivable - By Fund 13
Notes to Financial Statements 14
GENERAL FUND
Supplemental Accountants' Opinion 18
B-1 Balance Sheet 19
B-2 Statement Of Fund Balance 20
B-3 Revenues - Estimated And Actual 21
B-4 Statement Of Appropriations And Expenditures 22
B-5 Statement Of Expenditures 23
B-6 Changes In Ad Valorem Taxes Receivable 24
B-7 Aged Schedule Of Ad Valorem Taxes Receivable 25
B-8 Statement Of Cash Receipts And Disbursements 26
PARTICIPATION PAVING FUND
C-1 Balance Sheet 27
C-2 Statement Of Revenues And Expenditures And Fund Balance 28
C-3 Statement Of Cash Receipts And Disbursements 29
AIRPORT FUND
D-1 Balance Sheet 30
D-2 Statement Of Operations And Retained Earnings 31
D-3 Statement Of Plant, Equipment And Depreciation 32
D-4 Statement Of Cash Receipts And Disbursements 33
CITY OF WICHITA FALLS, TEXAS, Financial Report For The Year Ended
September 30, 1973, Table Of Contents (Continued)
Exhibit Page
No. No.
WATER AND SEWER FUND
E-1 Balance Sheet 34
E-2 Statement Of Operations And Retained Earnings 35
E-3 Statement Of Property, Equipment And Depreciation 36
E-4 Statement Of Cash Receipts And Disbursements 37
DEBT SERVICE FUND
F-1 Balance Sheet 38
F-2 Statement Of Reserve For Future Debt Payments 39
F-3 Changes In Taxes Receivable 40
F-4 Aged Schedule Of Taxes Receivable 41
F-5 Statement Of Cash Receipts And Disbursements 42
CAPITAL PROJECTS FUNDS
G-1 Combined Balance Sheet 43
G-2 Combined Statement Of Authorizations, Expenditures
And Encumbrances 44
G-3 Combined Statement Of Cash Receipts And Disbursements 45
TRUST AND AGENCY FUNDS
H-1 Combined Balance Sheet 46
H-2 Combined Statement Of Revenues, Expenditures And
Fund Balances 49
H-3 Combined Statements Of Cash Receipts And Disbursements 52
GENERAL FIXED ASSETS
I-1 Balance Sheet 55
I-2 Statement Of Additions And Deletions - By Department 56
I-3 Statement Of General Fixed Assets By Category 57
GENERAL LONG - TERM DEBT
J-1 Balance Sheet 58
J-2 Schedule Of Amounts Available In Debt Service Fund
For Retirement Of Bonds And Interest 59
CITY OF WICHITA FALLS, TEXAS, Financial Report For The Year Ended
September 30, 1973, Table Of Contents (Continued)
Exhibit Page
No. No.
TRANSIT SYSTEM FUND
K-1 Balance Sheet 60
K-2 Statement Of Operations And Retained Earnings 61
K-3 Statement Of Plant, Equipment And Depreciation 62
K-4 Statement Of Cash Receipts And Disbursements 63
STATISTICAL SECTION
L-1 Tax Revenues By Source - Last Ten Fiscal Years 64
L-2 Property Tax Levies And Collections - Last Ten
Fiscal Years 65
L-3 Assessed And Estimated Actual Value Of Taxable Property -
Last Ten Fiscal Years 66
L-4 Tax Rates And Tax Levies (1963-1973) 67
L-5 Ratio Of Net General Bonded Debt To Assessed Value And
Net Bonded Debt Per Capita - Last Ten Fiscal Years 68
L-6 Statement Of Direct And Overlapping Debt 69
L-7 Schedule Of Revenue Bond Coverage - Water And Sewer
Revenue Bonds - Last Ten Years 70
L-8 Schedule Of Revenue Bond Coverage - Airport Revenue
Bonds - Last Ten Years 71
L-9 Schedule Of Bonded Debt And Interest Maturities 72
LETTER OF TRANSMITTAL
AND ACCOUNTANTS' OPINION
1
i �;
ram/miITY
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, 1973 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
promulgated by the National Committee on Governmental Accounting. The
1972-73 Annual Financial Report submitted herewith continue to meet these
standards.
General Governmental Operations
Revenues for general governmental operations totaled $8,117,121 in the
1972-73 fiscal year, an increase of 8.4 per cent over the 1971-72 fiscal
year. General property taxes produced 33.7 per cent of general revenues
compared to 33.8 per cent in 1971-72 and 36.4 per cent in 1970-71. 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 Penalities $2,738,011 33.8% $ 210,335
Franchise and Other Taxes 2,563,834 31. 7% 256,185
Licenses and Permits 119,829 1.6% 6,417
Fines and Forfeitures 282,259 3.6% 58,098
Parking Meter Revenue 114,772 1.5% (3,599)
Rents and Concessions 69,694 0.1% 4,698
Service Charges and Fees 1,312,983 16.3% 38,301
Miscellaneous 165,749 2.1% 55,645
Enterprise Fund Contribution 750,000 9.3% 5,000
Total $8,117,121 100.0% $ 631,080
Assessed valuations of $273,882,418 represented an increase of 4.0 per
cent over the preceding year. Current tax collections were 96.77 per
cent of the tax levy, up 0.59 per cent from last year. The ratio of
total collections (current and delinquent) to the current tax levy was
99.53 per cent, an increase 0.69 per cent from last year. Allocation
of the property tax levy by purpose for the year ended September 30,
1973 and the preceding two fiscal years are as follows:
Purpose 1972-73 1971-72 1970-71
General Government $2,711,528 $2,499,524 $2,623,921
Debt Service Fund 2,437,594 2,499,524 2,251,524
Total $5,149,122 $4,999,048 $4,875,445
Expenditures for general government purpose totaled $7,779,344 an increase
of 5.6 over the 1971-72 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 $1,561,689 20.1% $ 205,494
Finance 363,570 4.7% 20,809
Public Safety 2,643,859 34.0% 140,190
Public Works 1,816,764 23.4% 21,708
Parks & Recreation 569,084 7.3% 16,198
Planning & Traffic 601,356 7.7% 3,851
General Services 223,022 2.8% 4,916
Total $7,779,344 100.0% $ 413,166
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
petitioned 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 1972-73 expenditures in the Participation Paving Fund
totaled $213,912. Revenues, including cash receipts and receivables
totaled $146,902. Accounts receivable from property owners at September
30, 1973 totaled $368,884.
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 1972-73 fiscal year were as follows:
Ratio of Debt Ratio of Debt Debt
To Assessed To Present Per
Value Market Value Capita
Net Direct
Bonded Debt $15,138,000 5.50% 2.76% $150.78
Overlapping Debt 18,989,983 6.93% 3.47% 189.14
Total $34,127,983 12.43% 6.23% $339.92
Outstanding general obligation bonds at September 30, 1973 totaled
$20,353,000 of which $5,215,000 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 $1,622,000 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 $172,324.
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 1972-73 fiscal period, expenditures from the
Capital Projects Fund amounted to $441,968. All authorized bonds had
been issued at September 30, 1973.
Capital Project Fund balances on hand at September 30, 1973, consisted of
$84,338 in cash and $268,182 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, 1973, the
general fixed assets of the city amounted to $40,473,267.
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 1972-73 revenues of the Federal and State Grants, including General
Revenue Sharing totaled $4,269,824. During the same period expenditures
of the Federal and State Grants, including General Revenue Sharing, totaled
$2,168,033. Interest income on temporarily idle funds, other than Federal
or State Grants, but including General Revenue Sharing totaled $42,954.
There was a 233.5 per cent increase in revenues over the prior year and
73.38 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 32.69 per cent
increase in revenues and a 32.49 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:
1972-73 1971-72 1970-71
Gross Income $3,301,637 $3,295,249 $3,276,049
Net Income 537,616 615,577 422,003
Income Available for
Debt Service 1,660,349 1,770,891 1,783,248
Average Annual
Debt Service 827,298 671,002 683,785
Coverage
(Income available for
debt service divided by
average annual debt service) 2.01 2.64 2.61
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 addi-
tions to existing waste water treatment facilities, and extensions and
other improvements to the sewage collection system. The bonds were
issued at an effective interest rate of 4.94167%.
Increased sewer rates were approved by the City Council on June 5, 1973
in order to meet rising operating and debt service cost.
Airport Revenue Fund
The operation of the Airport for the fiscal year ended September 30, 1973
resulted in a net income of $7,884, down 42.25 per cent from the preceding
year. Operating revenues increased by 6.78 per cent while operating
expenditures increased by 20.17 per cent over the preceding year.
An Airport Terminal Construction project was started with planned construc-
tion cost of $83,000. Revenue Sharing funds in the amount of $53,000
and surplus operating funds in the Airport Revenue Fund in the amount of
$30,000 were appropriated for this project.
Transit System Fund
The operation of the Transit System for the fiscal year ended September
30, 1973 resulted in a net loss of $52,188, an increase in net loss
of $39,622 over the previous year. Operating revenues decreased 14.72
per cent and operating expenses increased by 11.71 per cent from the
preceding year.
Revenue Sharing funds were appropriated 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 accomplished without the
efficient and dedicated services of the entire staff of the Finance
Department. I would like to thank your office and the members of the
City Council for their interest and support in planning and conducting
the financial operations of the city in a responsible and progressive
manner.
Sincerely yours,
6710454 WW
Ronald R. Wood
Director of Finance
vi
JARRATT, COCK & TILLERY
ACCOUNTANTS AND AUDITORS
TELEPHONE 322-3103
1130 FIRST WICHITA NATIONAL BANK BUILDING
WICHITA FALLS,TEXAS
76301
December 28, 1973
The Honorable Mayor and Board of Aldermen
of the City of Wichita Falls, Texas
We have examined the balance sheet of the General Fund, Partici-
pation Paving Fund, Airport Fund, Water and Sewer Revenue Fund, Debt
Service Fund, Capital Projects Funds, Trust and Agency Funds, General
Fixed Assets, General Long-Term Debt and Transit System Fund of the
City of Wichita Falls, Texas as of September 30, 1973, and the related
statements, as applicable, of unappropriated fund balances, revenues,
appropriations and expenditures, changes in financial'position and
supplemental schedules as of September 30, 1973 and for the year then
ended (Exhibits A-1 thru A-8) . Our examination was made in accordance
with generally accepted auditing standards, and accordingly included
such tests of the accounting records and such other auditing proce-
dures as we considered necessary in the circumstances, except as
stated in the following paragraph.
Our examination and similar examinations for prior years did not include
examinations of General Fixed Assets account balances nor of the Water and
Sewer Revenue Fund fixed asset account balances as these accounts are gen-
erally stated at values developed by employees of the City as determined
by periodic physical inventories and appraisals. Accordingly, our exam-
ination of General Fixed Assets and Water and Sewer Revenue Fund fixed
assets was limited to a test of transactions of current year additions
and retirements. Depreciation expense, where applicable, is computed
on these same fixed asset balances (see also Note 3) .
In our opinion, the accompanying financial statements and supplemental
schedules (Exhibits A-1 thru A-8) of funds referred to in the first
paragraph, except for the General Fixed Assets balance sheet and the Water
and Sewer Revenue Fund fixed asset account balances as to which we do not
express an opinion due to the reasons set forth in the preceding paragraph,
and except for any adjustment which might be required in depreciation expense
of the Water and Sewer Revenue Fund if fixed assets were stated at cost,
present fairly the financial position of the various funds at September 30,
1973 and the results of their operations and changes in financial position
for the year then ended, in conformity with generally accepted accounting
principles applied on a basis consistent with that of the preceding year,
except for change in reporting categorical grant expenditures, (see
Note 1) .
Jarratt, Cocke & Tillery
By• Limed ' /:•��
Aerr /L. illery
Certified Public Accountant
vii
COMBINED FINANCIAL SECTION
CITY OF WICHITA FALLS, TEXAS Exhibit A-1
Page 1 of 2
Balance Sheet - All Funds (Note 1)
September 30, 1973
Participation Airport
General Paving Fund
Assets And Other Debits Fund Fund (Note 8)
Cash $ 695,149 $ 71,553 $ 24,699
Certificates Of Deposit 140,000
Accounts Receivable:
Ad Valorem Taxes-Delinquent 619,185
Utility Customers, Etc. 28,337
Due From Other Funds 235,635 1,013
Paving Receivables 368,884
Due From Other Governmental Units 350,122
Other 80,450
Allowances For Uncollectible Accounts (245,648)
Net Accounts Receivable 1,039,744 369,897 28,337
Materials And Supplies Inventories -At Cost 49,331
Prepaid And Deferred Expenses 18,183
Restricted Assets:
Cash 5 12,654
Certificates Of Deposit 8,232 49,000
Total Restricted Assets 8,237 61,654
Plant And Equipment (Note 3) :
Land And Betterments 12,281
Buildings And Plant 574,677
Machinery And Equipment 16,558
Motor Vehicles 4,003
Furniture And Fixtures 19,061
Construction In Progress
Total Plant And Equipment 626,580
Less Allowances For Depreciation (108,882)
Net Plant And Equipment 517,698
Securities Held In Trust
Bonds Authorized And Unissued
Amounts Available For Retirement Of
Serial Bonds
Amounts To Be Provided For Retirement
Of Serial Bonds
Totals $1,810,644 $581,450 $632,388
The accompanying Notes to Financial Statements are an integral part of this
statement.
-1-
CITY OF WICHITA FALLS, TEXAS Exhibit A-1
Page 1 of 2
Balance Sheet - All Funds (Note 1)
September 30, 1973
Water And Debt Capital Trust And General General Transit
Sewer Revenue Service Projects Agency Funds Fixed Long-Term System
Fund Fund Funds (Notes 2 and 5) Assets Debt Fund
$ 229,743 $ 434 $ 59,338 $ 428,319 $ 4,830
96,000 25,000 1,864,000
392,154
349,399
250 10,580 3 1,250
268,179 266,672
7,385 2,484 304
(10,000) (126,628)
347,034 276,106 268,182 270,406 304
162,179 7,565
21,040
145,840
3,705,000
3,850,840
12,318,964 $29,893,262
26,780,617 4,184,523
937,919 2,858,450 10,553
141,835 1,568,540 25,612
12,071 639,850 135
547,263 1,328,642
40,738,669 40,473,267 36,300
(10,404,913) (22,679)
30,333,756 40,473,267 13,621
10,000
$ 107,014
26,166,371
$34,944,592 $372,540 $352,520 $2,572,725 $40,473,267 $26,273,385 $26,320
The accompanying Notes to Financial Statements are an integral part of this
statement.
-1-
CITY OF WICHITA FALLS, TEXAS Exhibit A-1
Page 2 of 2
Balance Sheet - All Funds (Note 1)
September 30, 1973
Participation Airport
Liabilities, Reserves, Fund Balances General Paving Fund
And Retained Earnings Fund Fund (Note 8)
Liabilities:
Accounts Payable $ 240,355 $ 46,742
Due To Other Funds 1,471 3 $ 14,099
Due To Other Governmental Units 4,272
Accrued Payroll 172,102
Other-Advance Payments, Etc. 43,585
Accrued Interest-Revenue Bonds 6,702
Interest Payable-General Obligation
Bonds, Including $789,920 Due In
Next Fiscal Year
General Obligation Bonds Payable-
Serial, Including $1,632,000 Due
In Next Fiscal Year
Revenue Bonds Payable-Serial,
Including $675,000 Due In Next
Fiscal Year 360,000
Refunding Contracts
Consumer Deposits
Contracts And Commitments (Note 9)
Total Liabilities 418,200 90,330 380,801
Reserves, Fund Balances And Retained Earnings:
Reserve For Encumbrances 119,631
Reserve For Capital Improvements 70,746
Reserve For Rebates, Etc. 4,829 1,244
Investment In General Fixed Assets
Contributions In Aid Of Construction, Etc. 51,732
Fund Balances 1,197,238 489,876
Retained Earnings (Deficit) 199,855
Totals $1,810,644 $581,450 $632,388
The accompanying Notes to Financial Statements are an integral part
of this statement.
-2-
CITY OF WICHITA FALLS, TEXAS Exhibit A-1
Page 2 of 2
Balance Sheet - All Funds (Note 1)
September 30, 1973
Water And Debt Capital Trust And General General Transit
Sewer Revenue Service Projects Agency Funds Fixed Long-Term System
Fund Fund Funds (Notes 2 and 5) Assets Debt Fund
$ 156,483 $101,066 $ 214,983 $ 1,952
121,138 1 80,699 31,320
175,252
24,020
81,139
$ 5,920,385
20,353,000
11,175,000
40,461
295,323
11,893,564 $ -0- 101,067 470,934 $ -0- 26,273,385 33,272
124,407 1,267,738
40,473,267
92,190 56,000
372,540 127,046 834,053
22,958,838 (62,952)
$34,944,592 $372,540 $352,520 $2,572,725 $40,473,267 $26,273,385 $26,320
The accompanying Notes to Financial Statements are an integral part
of this statement.
-2-
CITY OF WICHITA FALLS, TEXAS Exhibit A-2
Statement Of Unappropriated Fund Balances And Retained Earnings
(Deficit) By Fund (Note 1)
For The Year Ended September 30, 1973
Participation
General Paving Airport
Fund Fund Fund
Balances, September 30, 1972 $ 893,642 $556,886 $191,971
Additions:
Revenues (Note 7) 8,117,121 146,902
Net income (loss) for the year
(Notes 3 and 6) 7,884
Federal and state grants (Note 5) 1,656,736
Federal shared revenue 199,713
Contributions from other funds
Reserve for encumbrances, September 30,1972 85,450
10,059,020 146,902 7,884
10,952,662 703,788 199,855
Deductions:
Expenditures (Note 6) 7,779,344 213,912
Federal and state grant expenditures
(Note 5) 1,656,736
Federal shared revenue expenditures 199,713
Contributions to other funds (Note 7)
Change of classification to contributions
in aid of construction, etc.
Reserve for encumbrances, September 30,1973 119,631
9,755,424 213,912 -0-
Balances, September 30, 1973 $1,197,238 $489,876 $199,855
The accompanying Notes to Financial Statements are an integral part of this statement.
-3-
CITY OF WICHITA FALLS, TEXAS Exhibit A-2
Statement Of Unappropriated Fund Balances And Retained Earnings
(Deficit) By Fund (Note 1)
For The Year Ended September 30, 1973
Water And Debt Capital Trust And General General Transit
Sewer Revenue Service Projects Agency Fixed Long-Term System
Fund Fund Funds Funds Assets Debt Fund
$23,171,222 $ 409,201 $486,964 $ 112,587 $ -0- $ -0- $ 21,236
2,446,057 792 50,716
537,616 (52,188)
1,698,858
2,129,976
218,560
205,665 59,127
537,616 2,446,057 206,457 4,157,237 -0- -0- (52,188)
23,708,838 2,855,258 693,421 4,269,824 -0- -0- (30,952)
2,482,718 441,968 218,030
1,656,736
293,267
750,000
32,000
124,407 1,267,738
750,000 2,482,718 566,375 3,435,771 -0- -0- 32,000
$22,958,838 $ 372,540 $127,046 $ 834,053 $ -0- $ -0- $(62,952)
The accompanying Notes to Financial Statements are an integral part of this statement.
-3-
CITY OF WICHITA FALLS, TEXAS Exhibit A-3
Combined Statement Of General Government Revenues - Estimated
And Actual (Note 1)
For The Year Ended September 30, 1973
Actual
Estimated Actual Over (Under)
Source (Fund) Revenues Revenues Estimated
Taxes:
(General Fund) $ 5,160,600 $ 5,301,835 $ 141,235
(Debt Service) 2,397,600 2,446,057 48,457
7,558,200 7,747,892 189,692
Licenses and Permits - (General Fund) 121,845 119,829 ( 2,016)
Charges For Service:
(General Fund) 1,266,890 1,312,983 46,093
(Airport Fund) 125,253 126,544 1,291
(Water And Sewer Revenue Fund) 3,265,600 3,301,637 36,037
(Transit System Fund) 136,700 116,913 ( 19,787)
4,794,443 4,858,077 63,634
Fines And Forfeitures - (General Fund) 274,130 282,258 8,128
Miscellaneous Revenues:
(General Fund) 372,185 350,216 ( 21,969)
(Airport Fund) 2,000 3,620 1,620
(Water And Sewer Revenue Fund) 50,000 139,029 89,029
(Debt Service Fund) -0- -0- -0-
(Transit System Fund) -0- -0- -0-
424,185 492,865 68,680
Inter-Fund Contributions - (General Fund)
(Note 7) 750,000 750,000 -0-
Federal Revenue Sharing And Grants:
(General Fund) 1,856,449 1,856,449 -0-
(Airport Fund) 51,732 51,732 -0-
(Water And Sewer Revenue Fund) 41,822 41,822 -0-
1,950,003 1,950,003 -0-
Total Revenues $15,872,806 $16,200,924 $ 328,118
Summary By Fund
(General Fund) $ 9,802,099 $ 9,973,570 $ 171,471
(Airport Fund) 178,985 181,896 2,911
(Water And Sewer Revenue Fund) 3,357,422 3,482,488 125,066
(Debt Service Fund) 2,397,600 2,446,057 48,457
(Transit System Fund) 136,700 116,913 ( 19,787)
Total Revenues $15,872,806 $16,200,924 $ 328,118
The accompanying Notes to Financial Statements are an integral part of
this statement.
-4-
CITY OF WICHITA FALLS, TEXAS Exhibit A-4
Combined Statement Of General Government Expenditures And Encumbrances
Compared With Authorizations (Note 1)
For The Year Ended September 30, 1973
Authorizations
Appropriations Reserve For
(After Encumbrances
Fund (Division) Revisions) September 30, 1972 Total
General Fund:
(General Administration) $ 1,463,665 $50,805 $ 1,514,470
(Finance) 367,716 1,715 369,431
(Public Safety) 2,690,254 406 2,690,660
(Public Works) 1,891,994 19,249 1,911,243
(Parks and Recreation) 622,359 1,895 624,254
(Planning and Traffic) 622,666 11,361 634,027
(General Services) 220,846 19 220,865
(Federal Funds) 1,856,449 1,856,449
Total General Fund 9,735,949 85,450 9,821,399
Airport Fund: (A)
(Airport) 120,841 120,841
(Debt Service) (B) 40,125 40,125
(Federal Funds) 51,732 51,732
Total Airport Fund 212,698 212,698
Water And Sewer Revenue Fund: (A)
(Public Utilities Administration) 409,924 409,924
(Water Development and Distribution) 1,015,513 1,015,513
(Sanitary Sewers and Treatment) 304,453 304,453
(Debt Service) (B) 899,861 899,861
(Federal Funds) 41,822 41,822
Total Water and Sewer Revenue Fund 2,671,573 2,671,573
Debt Service Fund 2,482,718 2,482,718
Transit System Fund (A) 160,000 160,000
Total All Funds $15,262,938 $85,450 $15,348,388
(A) Includes amounts budgeted for fixed asset additions.
(B) Includes amounts budgeted for bond principal payments-Airport Fund
$25,000 and Water and Sewer Revenue Fund $550,000.
The accompanying Notes to Financial Statements are an integral part
of this statement.
-5-
CITY OF WICHITA FALLS, TEXAS Exhibit A-4
Combined Statement Of General Government Expenditures And Encumbrances
Compared With Authorizations (Note 1)
For The Year Ended September 30, 1973
Total
Expenditures Reserve For
For The Unexpended Encumbrances (Over)
Year Balance September 30, 1973 Under
$ 1,561,691 $ (47,221) $ 14,826 $(62,047)
363,571 5,860 1,234 4,626
2,643,859 46,801 16,833 29,968
1,816,762 94,481 52,060 42,421
569,083 55,171 12,249 42,922
601,356 32,671 21,472 11,199
223,022 ( 2,157) 957 ( 3,114)
1,856,449 -0- -0-
9,635,793 185,606 119,631 65,975
122,095 ( 1,254) ( 1,254)
40,227 ( 102) ( 102)
51,732 -0- -0-
214,054 ( 1,356) ( 1,356)
364,613 45,311 45,311
995,149 20,364 20,364
323,927 (19,474) (19,474)
924,836 (24,975) (24,975)
41,822 -0- -0-
2,650,347 21,226 21,226
2,482,718 -0- -0-
162,196 (. 2,196) ( 2,196)
$15,145,108 $ 203,280 $119,631 $ 83,649
The accompanying Notes to Financial Statements are an integral part
of this statement.
-5-
CITY OF WICHITA FALLS, TEXAS Exhibit A-5
Statement Of Changes In Financial Position - By Fund (Note 1)
For The Year Ended September 30, 1973
Participation
General Paving Airport
Fund Fund Fund
Source Of Funds:
Revenues $9,973,570 $ 146,902
Expenditures (9,635,793) (213,912)
Net Income (Loss) For The Year $ 7,884
Add Changes To Income (Loss) Not
Requiring Outlays Of Working
Capital-Depreciation 16,642
337,777 ( 67,010) 24,526
Contributions In Aid Of Construction, Etc. 51,732
Consumer Deposits-Net
Sale Of Bonds
337,777 ( 67,010) 76,258
Application Of Funds:
Additions To Property, Plant And
Equipment 83,446
Reduction In Revenue Bonds Payable 25,000
Contributions To General Fund
Refunding Contract Payments
-0- -0- 108,446
Net Increase (Decrease) $ 337,777 $( 67,010) $(32,188)
Changes In Components:
Increase (Decrease) In Assets:
Cash And Certificates Of Deposit $ 406,806 $ 31,923 $(32,222)
Restricted Cash And Certificates
Of Deposit ( 2,856) 2,078
Net Accounts Receivable 62,652 (20,166) 7,751
Materials And Supplies Inventories 10,232
Prepaid And Deferred Expenses ( 24)
(Increase) Decrease In Liabilities:
Accounts Payable (137,577) (43,809)
Due To Other Funds 3,336 ( 3) (10,218)
Due To Other Governmental Units 1,052
Accrued Payroll ( 11,668)
Accrued Revenue Bond Interest 423
Reserves-Rebates, Etc. 5,824 (34,955)
Net Increase (Decrease) $ 337,777 $ (67,010) $(32,188)
The accompanying Notes to Financial Statements are an integral part of
this statement.
-6-
CITY OF WICHITA FALLS, TEXAS Exhibit A-5
Statement Of Changes In Financial Position - By Fund (Note 1)
For The Year Ended September 30, 1973
Water And Debt Capital Trust And Transit
Sewer Revenue Service Projects Agency System
Fund Fund Funds Funds Fund
$ 2,446,057 $ 792 $ 4,098,110
(2,482,718) (441,968) (2,168,033)
$ 537,616 $(52,188)
886,926 8,025
1,424,542 ( 36,661) (441,176) 1,930,077 (44,163)
92,190 24,000
11,535
2,000,000
3,528,267 ( 36,661) (441,176) 1,930,077 (20,163)
551,062 1,119
550,000
750,000
2,226
1,853,288 -0- -0- -0- 1,119
$1,674,979 $( 36,661) $(441,176) $ 1,930,077 $(21,282)
$ ( 83,330) $( 20,915) $(186,196) $ 1,979,470 $( 3,766)
1,593,747
113,774 ( 15,746) (223,479) 106,462 304
( 6,425) ( 972)
( 7,013)
81,175 ( 39,806) (109,039) ( 1,572)
( 6,273) 8,305 ( 21,352) (15,276)
( 25,464)
( 1,820)
( 21,180)
12,324
$1,674,979 $( 36,661) $(441,176) $ 1,930,077 $(21,282)
The accompanying Notes to Financial Statements are an integral part of
this statement.
-6-
CITY OF WICHITA FALLS, TEXAS Exhibit A-6
Combined Statement Of Cash Receipts And Disbursements
All Funds (Note 1)
For The Year Ended September 30, 1973
Balances,
September
Fund 30, 1972
General Fund $ 299,436
Participation Paving Fund 179,630
Airport Fund:
Operating 56,921
Revenue Bond Interest and Sinking Fund 20,332
Revenue Bond Reserve Fund 39,244
Water and Sewer Revenue Fund:
Operating 313,073
Revenue Bond Interest and Sinking Fund 204,402
Revenue Bond Reserve Fund 851,961
Series 1963 Revenue Bond 363,184
Series 1968 Revenue Bond 837,546
Series 1973 Revenue Bond -0-
Debt Service Fund 117,349
Capital Projects Funds:
Series 1959 Waterworks Improvements 15,131
Series 1968 Health Unit Building 13,169
Series 1968 Street and Storm Drainage 242,234
Trust and Agency Funds:
Social Security ' 115,864
Payroll -0-
Cab Company Trust -0-
Tax Refund 1,677
Tax Collection 70,907
Clearing Fund 2,999
Municipal Information System 39,954
Federal Revenue Sharing -0-
Emergency Employment Grant 10,641
Comprehensive Planning Grant 301
Camps Grant 8,082
Public Services Careers 5,974
Intergovernmental Personnel Grant -0-
Solid Waste Demonstration -0-
Narcotics Intelligence Grant 13,835
Crime Prevention Grant -0-
Topics Grant 9,592
Park Improvement Grants 16,400
Other Grants 16,623
Transit System Fund 8,596
Totals $3,875,057
The accompanying Notes to Financial Statements are an integral part
of this statement.
-7-
CITY OF WICHITA FALLS, TEXAS Exhibit A-6
Combined Statement Of Cash Receipts And Disbursements
All Funds (Note 1)
For The Year Ended September 30, 1973
Balances,
September
Receipts Disbursements 30, 1973
$ 8,769,740 $ 8,365,790 $ 703,386
202,496 170,573 211,553
119,810 152,032 24,699
41,745 40,650 21,427
2,035 1,052 40,227
4,294,003 4,377,333 229,743
981,282 903,656 282,028
47,818 54,679 845,100
11,248 149,714 224,718
29,531 317,042 550,035
2,030,802 81,843 1,948,959
2,463,416 2,484,331 96,434
-0- 15,131 -0-
236 4,975 8,430
429,422 595,748 75,908
637,455 593,479 159,840
7,065,372 7,065,372 -0-
-0- -0- -0-
8,917 7,896 2,698
10,336,600 10,360,698 46,809
21,038 21,521 2,516
982,816 987,144 35,626
2,172,930 273,624 1,899,306
112,992 108,530 15,103
60,427 55,950 4,778
27,372 22,505 12,949
75,119 76,995 4,098
12,692 8,348 4,344
109,542 75,441 34,101
58,823 67,529 5,129
19,431 17,188 2,243
77,694 68,310 18,976
42,255 40,601 18,054
34,266 25,140 25,749
140,913 144,679 4,830
$41,420,238 $37,735,499 $7,559,796
The accompanying Notes to Financial Statements are an integral part
of this statement.
-7-
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page 1 of 5
Combined Schedule of Bonds Payable (Note 1)
September 30, 1973
Interest Final
Rates And Issue Maturity
Dates Date Date
General Obligation Bonds:
1949 Waterworks Improvement 3 1/2, 2 3/4; (6/1, 12/1) 12/1/49 12/1/74
1949 Street Improvement 3 1/2, 2 3/4; (6/1, 12/1) 12/1/49 12/1/74
The accompanying Notes to Financial Statements are an integral part of this statement.
-8-
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page l of 5
Combined Schedule Of Bonds Payable (Note 1)
September 30, 1973
Annual
Serial Bonds
Payments Authorized Issued Retired Outstanding
$ 21,000 (1950) $1,250,000 $1,250,000 $1,005,000 $245,000
14,000 (1951)
32,000 (1952)
34,000 (1953)
36,000 (1954)
34,000 (1955)
32,000 (1956)
34,000 (1957)
36,000 (1958)
38,000 (1959)
27,000 (1960)
35,000 (1961)
36,000 (1962)
38,000 (1963)
35,000 (1964)
32,000 (1965)
38,000 (1966)
41,000 (1967)
36,000 (1968)
38,000 (1969)
110,000 (1970)
113,000 (1971)
115,000 (1972)
121,000 (1973)
124,000 (1974)
11,000 (1950) 800,000 800,000 632,000 168,000
8,000 (1951)
17,000 (1952)
19,000 (1953)
21,000 (1954)
19,000 (1955)
17,000 (1956)
19,000 (1957)
20,000 (1958)
22,000 (1959)
16,000 (1960)
18,000 (1961)
20,000 (1962)
22,000 (1963)
18,000 (1964)
17,000 (1965)
The accompanying Notes to Financial Statements are an integral part of this statement.
-8-
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page 2 of 5
Combined Schedule of Bonds Payable (Note 1)
September 30, 1973
Interest Final
Rates And Issue Maturity
Dates Date Date
General Obligation Bonds: (cont.)
1949 Street Improvement (cont.)
1949 Park Improvement 3 1/2, 2 3/4; (6/1, 12/1) 12/1/49 12/1/74
1949 Fire Station Improvement 3 1/2, 2 3/4; (6/1, 12/1) 12/1/49 12/1/74
The accompanying Notes to Financial Statements are an integral part of this statement.
-9-
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page 2 of 5
Combined Schedule of Bonds Payable (Note 1)
September 30, 1973
Annual
Serial Bonds
Payments Authorized Issued Retired Outstanding
$ 22,000 (1966) $ $ $ $
23,000 (1967)
30,000 (1968)
37,000 (1969)
77,000 (1970)
79,000 (1971)
80,000 (1972)
83,000 (1973)
85,000 (1974)
2,000 (1950) 200,000 200,000 158,000 42,000
2,000 (1951)
4,000 (1952)
5,000 (1953)
6,000 (1954)
5,000 (1955)
4,000 (1956)
5,000 (1957)
6,000 (1958)
6,000 (1959)
5,000 (1960)
5,000 (1961)
6,000 (1962)
6,000 (1963)
5,000 (1964)
4,000 (1965)
6,000 (1966)
8,000 (1967)
6,000 (1968)
6,000 (1969)
18,000 (1970)
18,000 (1971)
20,000 (1972)
21,000 (1973)
21,000 (1974)
1,000 (1950-51) 100,000 100,000 80,000 20,000
2,000 (1952-57)
3,000 (1958)
4,000 (1959)
2,000 (1960-61)
3,000 (1962)
4,000 (1963)
The accompanying Notes to Financial Statements are an integral part of this statement.
-9-
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page 3 of 5
Combined Schedule of Bonds Payable (Note 1)
September 30, 1973
Interest Final
Rates And Issue Maturity
Dates Date Date
General Obligation Bonds: (cont.)
1949 Fire Station Improvement (cont.)
1955 Wichita County Water
Control and Improvement
District #4 4 1/2, 4 3/4; (1/1, 7/1) 1/1/55 1/1/85
1955 Waterworks Improvement 2 1/2, 2 1/4; (8/15, 2/15) 2/15/55 2/15/75
1956 Wichita County Water
Control and Improvement
District #5 4, 4 1/2; (11/1, 5/1) 11/1/56 11/1/86
1957 Sewer Improvement and
Extention Bonds 4, 3 3/4; (9/1, 3/1) 9/1/57 9/1/72
1959 Waterworks Improvement 4 1/2, 3 1/2, 3 3/4; (2/1,8/1) 8/1/59 8/1/79
1959 Wichita County Water
Control and Improvement
District #6 4 3/4, 5 1/2; (9/1, 3/1) 9/1/59 9/1/89
The accompanying Notes to Financial Statements are an integral part of this statement.
-10-
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page 3 of 5
Combined Schedule of Bonds Payable (Note 1)
September 30, 1973
Annual
Serial Bonds
Payments Authorized Issued Retired Outstanding
$ 2,000 (1964-65) $ $ $ $
4,000 (1966)
3,000 (1967-68)
4,000 (1969)
10,000 (1970-74)
2,000 (1958-59) 275,000 275,000 96,000 179,000
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 1,530,000 170,000
5,000 (1959-62) 560,000 560,000 150,000 410,000
10,000 (1963-67)
15,000 (1968-71)
20,000 (1972-75)
25,000 (1976-78)
30,000 (1979-81)
35,000 (1982-84)
40,000 (1985-86)
30,000 (1958-62) 500,000 500,000 500,000 -0-
35,000 (1963-72)
200,000 (1960-79) 4,000,000 4,000,000 2,800,000 1,200,000
5,000 (1963-66) 385,000 385,000 87,000 298,000
7,000 (1967)
8,000 (1968-69)
10,000 (1970-71)
The accompanying Notes to Financial Statements are an integral part of this statement.
-10-
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page 4 of 5
Combined Schedule of Bonds Payable (Note 1)
September 30, 1973
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)
1970 General Obligation Bonds 7.0, 6.0, 5.25, 5.5, 5.75 2/15/70 2/15/90
5.85, 6.0, 6.1, 5.0;
(2/15, 8/15)
1971 General Obligation Bonds 4.0, 4.25, 4.5, 4.7, 4.8, 2/15/71 2/15/91
4.9 (2/15, 8/15)
Total General Obligation Bonds
The accompanying Notes to Financial Statements are an integral part of this statement.
-11-
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page 4 of 5
Combined Schedule of Bonds Payable (Note 1)
September 30, 1973
Annual
Serial Bonds
Payments Authorized Issued Retired Outstanding
$ 12,000 (1972-74) $ $ $ $
14,000 (1975-76)
15,000 (1977-78)
16,000 (1979-80)
18,000 (1981-82)
20,000 (1983-85)
22,000 (1986)
25,000 (1987-88)
28,000 (1989)
5,000 (1962-70) 300,000 300,000 69,000 231,000
8,000 (1971-74)
10,000 (1975-81)
12,000 (1982-85)
25,000 (1986-88)
30,000 (1989)
20,000 (1964-79) 320,000 320,000 200,000 120,000
100,000 (1964-79) 2,680,000 2,680,000 1,000,000 1,680,000
120,000 (1980-88)
160,000 (1965-67) 3,285,000 3,285,000 1,470,000 1,815,000
165,000 (1968-84)
300,000 (1966-85) 6,000,000 6,000,000 2,400,000 3,600,000
150,000 (1970-75) 3,000,000 3,000,000 600,000 2,400,000
175,000 (1976-87)
85,000 (1971) 4,435,000 4,435,000 460,000 3,975,000
150,000 (1972)
225,000 (1973-74)
250,000 (1975-89)
100,000 (1972-86) 2,000,000 2,000,000 200,000 1,800,000
125,000 (1987-90)
125,000 (1976-91) 2,000,000 2,000,000 -0- 2,000,000
33,790,000 33,790,000 13,437,000 20,353,000
The accompanying Notes to Financial Statements are an integral part of this statement.
-11-
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page 5 of 5
Combined Schedule of Bonds Payable (Note 1)
September 30, 1973
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
The accompanying Notes to Financial Statements are an integral part of this statement.
-12-
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page 5 of 5
Combined Schedule of Bonds Payable (Note 1)
September 30, 1973
Annual
Serial Bonds
Payments Authorized Issued Retired Outstanding
$220,000 (1964-71) $ 5,585,000 $ 5,585,000 $ 2,210,000 $ 3,375,000
225,000 (1972-88)
75,000 (1966) 3,800,000 3,800,000 1,125,000 2,675,000
150,000 (1967-80)
155,000 (1981-90)
75,000 (1991)
75,000 (1968-91) 1,800,000 1,800,000 450,000 1,350,000
100,000 (1970-77) 2,175,000 2,175,000 400,000 1,775,000
125,000 (1978-88)
100,000 (1974-93) 2,000,000 2,000,000 -0- 2,000,000
15,360,000 15,360,000 4,185,000 11,175,000
10,000 (1965-66) 375,000 375,000 130,000 245,000
15,000 (1967-72)
20,000 (1973-79)
25,000 (1980-84)
5,000 (1971-84) 130,000 130,000 15,000 115,000
20,000 (1985-87)
505,000 505,000 145,000 360,000
15,865,000 15,865,000 4,330,000 11,535,000
49,655,000 49,655,000 17,767,000 31,888,000
The accompanying Notes to Financial Statements are an integral part of this statement.
-12-
CITY OF WICHITA FALLS, TEXAS Exhibit A-8
Combined Schedule Of Delinquent Ad Valorem Taxes Receivable
By Fund (Note 1)
September 30, 1973
Debt
General Service
Fiscal Year Total Fund Fund
1954 and Prior $ 20,954 $ 16,784 $ 4,170
1955 - 1956 5,321 4,114 1,207
1956 - 1957 6,086 4,714 1,372
1957 - 1958 7,800 6,121 1,679
1958 - 1959 9,624 7,733 1,891
1959 - 1960 13,771 10,884 2,887
1960 - 1961 18,004 14,144 3,860
1961 - 1962 20,298 15,327 4,971
1962 - 1963 26,058 19,676 6,382
1963 - 1964 60,364 45,581 14,783
1964 - 1965 54,724 38,307 16,417
1965 - 1966 69,026 45,488 23,538
1966 - 1967 98,132 61,823 36,309
1967 - 1968 83,544 53,134 30,410
1968 - 1969 67,499 36,382 31,117
1969 - 1970 82,785 47,429 35,356
1970 - 1971 94,611 51,001 43,610
1971 - 1972 115,816 57,908 57,908
1972 - 1973 156,922 82,635 74,287
Gross Delinquent Taxes Receivable 1,011,339 619,185 392,154
Less Allowances For Uncollectible
Delinquent Taxes Receivable (324,276) (197,648) (126,628)
Net Delinquent Taxes Receivable $ 687,063 $421,537 $265,526
The accompanying Notes to Financial Statements are an integral part of this statement.
-13-
CITY OF WICHITA FALLS, TEXAS
Notes To Financial Statements
September 30, 1973 Page 1 of 4
1. Accounting Policies and Procedures:
A. Change in Reporting Policy:
In prior years, categorical grant revenues and expenditures, except
categorical grants applicable to revenue funds, were reflected only
in the Trust and Agency Fund. Beginning with the current fiscal
year, categorical grant expenditures and revenues, in a like amount,
are also reflected in other City Funds, based on nature of grants.
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 the cash basis, these revenues aggregate
approximately $925,000 for' the current fiscal year. City officials
are of the opinion that the accrual basis applied to these revenues
would have an insignificant effect.
Penalty and interest on delinquent ad valorem taxes receivable is
not recognized as an asset nor taken into income until actually
collected in cash.
C. Categorical Grants and Revenue Sharing:
Categorical grants and revenue sharing funds are accounted for
in the Trust and Agency Fund. Expenditures and revenues in a like
amount are also reflected in the other City Funds depending on
the nature of the grant or expenditure. Categorical grant expen-
ditures of $1,656,736, including $1,078,552 for development of a
municipal information system, are reflected also in the General
Fund. Federal Revenue Sharing expenditures aggregating $293,267
have been reflected in the following City Funds:
General Fund $199,713
Airport Fund 51,732
Water and Sewer Revenue Fund 41,822
$293,267
The expenditures in the Airport Fund and the Water and Sewer
Revenue Fund were for fixed asset additions and the contra entry
being to contributions in aid of construction.
D. Fixed Assets and Depreciation:
See Note 3 for basis of fixed assets and depreciation policy.
-14-
CITY OF WICHITA FALLS, TEXAS
Notes To Financial Statements
September 30, 1973 Page 2 of 4
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 Revenue Fund and
Airport Fund is recognized only as it accrues (from last interest
payment to statement date) .
2. Tax Collections for Others :
The City serves as agent in assessing and collecting ad valorem
taxes for the Wichita Falls Independent School District. It also
served the Wichita Falls College District in a similar capacity
during its existence and currently serves as collector and as
custodian of delinquent tax records for successors to the former
district.
Taxes levied for the school district uncollected at September 30,
1973 amounted to $1,020,076 and delinquent taxes due the college
district at that date amounted to $37,228. These uncollected
balances are not reflected in the Trust and Agency Fund balance
sheet at September 30, 1973.
3. Fixed Assets and Depreciation:
General fixed assets and Water and Sewer Revenue Fund fixed assets
are stated, generally, at appraisal values assigned by the City in
prior years ; current year additions are recorded at cost.
Fixed assets of the Airport Fund and the Transit System Fund are
stated at cost.
Depreciation of fixed assets is recognized only in the Water and
Sewer Revenue Fund, Airport Fund and the Transit System Fund.
Depreciation is computed on the straight-line basis , based on
estimated useful lives of the fixed assets. During the current
fiscal year, operations was charged with depreciation expense
as follows:
Rates Amount
Water and Sewer Revenue Fund 2% - 25% $886,926
Airport Fund 2% - 25% 16,642
Transit System Fund 10% - 50% 8,025
$911,593
-15-
CITY OF WICHITA FALLS, TEXAS
Notes To Financial Statements
September 30, 1973 Page 3 of 4
Fixed assets acquired from General Fund revenues are not carried
in the accounts of the General Fund. In conformity with generally
accepted governmental accounting principles, these fixed assets
are known as General Fixed Assets and are carried in a separate
self-balancing group of accounts called General Fixed Assets.
4. Revenue Bonds Collateral:
The net revenues of the Water and Sewer Revenue Fund and the
Airport Fund are pledged as collateral for the revenue bonds
outstanding, in the respective Funds, at September 30, 1973.
5. Municipal Information System:
On March 5, 1970, the City entered into a contract with the Depart-
ment of Housing and Urban Development for the development of a
Municipal Information System. The original contract period of
three years has been extended to September 30, 1973 and the City
is renegotiating for an extension of time to June 30, 1975. The
level of funding and expenditures should approximate current
year expenditures which aggregated $1,078,552.
To aid in the development of the information system, the City
entered into sub-contracts with a consulting firm and a univer-
sity. This program continuation, including the sub-contractors,
is dependent upon continued Federal funding. Expenditures
applicable to sub-contractors aggregated $602,665 for the current
fiscal year.
6. Employee Retirement:
City employees, except firemen, are covered by the Texas Municipal
Retirement System; firemen are covered by a self administered
Firemens Relief Fund. The City contributed 6% of firemens salary
to that fund. City contributions to Texas Municipal Retirement
System fluctuates based on actuarial calculations ; the effective
rate of contribution, at September 30, 1973, was 5.25% of the
first $8,400 of employees salary. Prior service liability, if any,
is funded by the City annually and would be a part of the 5.25%
above.
City contributions to both plans, charged to operations, during the
current fiscal year, were as follows :
-16-
CITY OF WICHITA FALLS, TEXAS
Notes To Financial Statements
September 30, 1973 Page 4 of 4
General Fund $234,138
Water and Sewer Revenue Fund 40,229
Airport Fund 1,621
Transit System Fund 1,699
$277,687
7. Contributions (Transfers) of Surplus Funds:
During the current fiscal year, $750,000 of surplus funds of the
Water and Sewer Revenue Fund were contributed (transferred) to the
General Fund. At the time of the transfers, all requirements of
the bond reserve fund and interest and sinking fund had been
satisfied.
The transfers were made from the surplus accounts of the Water
and Sewer Revenue Fund in compliance with existing ordinances
governing such transfers and in conformance with excess revenue
provisions of the pertinent revenue bond indentures.
8. Airport Lease:
The airport facilities, acquired in 1964, are situated on land at
Sheppard Field Air Base. 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 and expiring May 14, 2009.
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. As of September 30, 1973, the remaining
balance of the note payable was $325,641 and all required payments
had been made.
Data processing equipment rentals of approximately $300,000 will
be required for the next fiscal year.
The Transit System Fund has garage rentals aggregating $3,600
annually to August 31, 1974 .
-17-
GENERAL FUND
JARRATT, COCKE & TILLERY
ACCOUNTANTS AND AUDITORS TELEPHONE 322-3103
1130 FIRST WICHITA NATIONAL BANK BUILDING
WICHITA FALLS,TEXAS
76301
December 28, 1973
The Honorable Mayor and Board of Aldermen
of the City of Wichita Falls, Texas
Our examination of your financial statements for the year ended
September 30, 1973, on which we have rendered our opinion dated
December 28, 1973 (included elsewhere in this Annual Report) ,
also comprehended the supplemental schedules, contained in the
balance of this report (Exhibits B thru K) , except for the Gen-
eral Fixed Asset Fund, Water and Sewer Revenue Fund fixed asset
balances and the Statistical Section, as of September 30, 1973,
and for the year then ended.
In our opinion, such supplemental schedules (Exhibits B thru K) ,
except for the General Fixed Asset Fund, Water and Sewer Revenue
Fund fixed asset balances and the Statistical Section as to which
we do not express an opinion due to the reason set forth in the
preceding paragraph, when considered in relation to the basic
financial statements, present fairly in all material respects
the information shown therein.
Jarratt, Cocke & Tillery
By. 1-7117-771
/,rerrdy L. Tillery U
Certified Public Accountant
-18-
CITY OF WICHITA FALLS, TEXAS Exhibit B-1
General Fund
Balance Sheet
September 30, 1973
Assets
Cash (Exhibit B-8) $ 695,149
Accounts Receivable:
Ad Valorem Taxes Receivable-Delinquent
(Less $197,648 Allowance For Uncollectible
Accounts) (Exhibit B-6 and B-7) $421,537
Due From Other Funds 235,635
Due From Other Governmental Units (Note) 350,122
Other (Less $48,000 Allowance For Uncollectible
Accounts) 32,450 1,039,744
Materials and Supplies Inventory 49,331
Prepaid Expenses - Insurance, Etc. 18,183
Restricted Assets (Exhibit B-8) :
Cash 5
Certificates of Deposit 8,232 8,237
Total $1,810,644
Liabilities, Reserves And Fund Balance
Liabilities:
Accounts Payable $240,355
Due To Other Funds 1,471
Due To Other Governmental Units 4,272
Accrued Payroll 172,102 $ 418,200
Reserves:
For Encumbrances (Exhibit B-4) 119,631
For Capital Improvements 70,746
Rebates, Etc. 4,829 195,206
Fund Balance (Exhibit B-2) 1,197,238
Total $1,810,644
Note - $347,516 of this amount due from other governmental units is sales taxes
receivable due from the State of Texas.
-19-
CITY OF WICHITA FALLS, TEXAS Exhibit B-2
General Fund
Statement Of Fund Balance
For The Year Ended September 30, 1973
Balance, September 30, 1972 $ 893,642
Additions:
Revenues (Exhibit B-3) :
City Operations and Activities 8,117,121
Federal and State Grants:
Federal Shared Revenue 199,713
Categorical Grants 1,656,736
9,973,570
Reserve for Encumbrances, September 30, 1972
(Exhibit B-4) 85,450
10,059,020
10,952,662
Deductions:
Expenditures (Exhibits B-4 and B-5) 9 ,635,793
Reserve for Encumbrances, September 30, 1973
(Exhibit B-4) 119 ,631
9,755,424
Balance, September 30, 1973 $ 1,197,238
-20-
CITY OF WICHITA FALLS, TEXAS Exhibit B-3
General Fund
Revenues - Estimated And Actual
For The Year Ended September 30, 1973
Actual
Over (Under)
Estimated Actual Estimated
City Operations and Activities:
Taxes:
Ad Valorem Taxes:
Current (Net of Allowance for Possible
Losses-$27,083) $2,667,000 $2,681,179 $ 14,179
Interest and Penalties 52,000 56,822 4,822
Sales Taxes 1,820,000 1,900,000 80,000
Other 43,600 48,180 4,580
Street Rental Charges 578,000 615,654 37,654
Sanitation Services 1,013,500 1,034,979 21,479
Fines and Forfeitures:
Municipal Court 266,500 273,857 7,357
Library 7,630 8,402 772
Parking Meter Revenue 120,100 114,772 ( 5,328)
Licenses, Permits, Reports, Etc. 121,845 119,829 ( 2,016)
Service Charges and Fees:
Tax Collection Fees 125,000 127,848 2,848
Golf and Recreation Fees 96,450 86,319 (10,131)
Other 65,940 63,837 ( 2,103)
Revenue From Use of Money and Property:
Rentals and Concessions 67,235 69,694 2,459
Interest 6,000 22,367 16,367
School Nurse Program 60,000 60,000 -0-
Contributions From Water and Sewer
Revenue Fund 750,000 750,000 -0-
Other Revenues:
Sale of Fixed Assets 17,000 21,043 4,043
Miscellaneous 67,850 62,339 ( 5,511)
7,945,650 8,117,121 171,471
Federal and State Grants:
Federal Shared Revenue 199,713 199,713 -0-
Categorical Grants 1,656,736 1,656,736 -0-
1,856,449 1,856,449 -0-
Totals $9,802,099 $9,973,570 $171,471
-21-
CITY OF WICHITA FALLS, TEXAS Exhibit B-4
General Fund
Statement Of Appropriations And Expenditures
For The Year Ended September 30, 1973
Authorizations
Appropriations Reserve For
Encumbrances
(After) Outstanding
At Beginning
Department Revisions Of Year Total
Mayor and Board of Aldermen $ 12,708 $ 3,707 $ 16,415
General Administration 98,907 98,907
Legal and City Clerk 90,930 181 91,111
Personnel 40,763 40,763
Data Processing 354,375 46,916 401,291
Library 121,145 121,145
Health 379,878 379,878
Finance 100,753 100,753
Tax 173,928 1,641 175,569
Municipal Court 93,034 73 93,107
Police 1,393,612 1,393,612
Fire 1,161,296 231 1,161,527
Fire Marshall 51,485 175 51,660
Public Safety 43,612 43,612
Animal Control 40,248 40,248
Engineering 190,944 629 191,573
Inspection 67,403 67,403
Property Agent 23,000 23,000
Street Maintenance 621,672 12,830 634,502
Sanitation 988,975 5,790 994,765
Parks and Recreation 483,636 1,105 484,741
Golf 86,768 442 87,210
Cemetery 51,955 348 52,303
Planning 65,763 65,763
Traffic 271,737 10,917 282,654
Street Lighting 242,902 242,902
Parking Meters 42,264 445 42,709
Building Maintenance 116,417 116,417
Auditorium Services 46,311 20 46,331
Purchasing 31,311 31,311
Central Garage -0- -0-
Information Center 26,808 26,808
Non Departmentalized 364,960 364,960
7,879,500 85,450 7,964,950
Federal and State Grants:
Federal Shared Revenue 199,713 199,713
Categorical Grants:
Municipal Information System 1,078,552 1,078,552
Other 578,184 578,184
1,856,449 -0- 1,856,449
Totals $9,735,949 $85,450 $9,821,399
-22-
CITY OF WICHITA FALLS, TEXAS Exhibit B-4
General Fund
Statement Of Appropriations And Expenditures
For The Year Ended September 30, 1973
Total Encumbrances
Expenditures Outstanding
For The Year Unexpended At Close (Over)
Exhibit B-5 Balance Of Year Under
$ 14,366 $ 2,049 $ 209 $ 1,840
98,825 82 82
95,535 (4,424) (4,424)
41,422 ( 659) ( 659)
390,674 10,617 10,617 -0-
116,345 4,800 4,000 800
385,688 (5,810) (5,810)
100,288 465 239 226
170,669 4,900 996 3,904
92,613 494 494
1,366,640 26,972 8,170 18,802
1,150,602 10,925 5,379 5,546
46,043 5,617 3,164 2,453
42,945 667 70 597
37,629 2,619 50 2,569
180,833 10,740 679 10,061
66,691 712 712
21,753 1,247 1,247
577,530 56,972 42,842 14,130
969,957 24,808 8,538 16,270
451,049 33,692 6,287 27,405
74,222 12,988 3,652 9,336
43,813 8,490 2,311 6,179
63,888 1,875 50 1,825
258,484 24,170 18,747 5,423
239,693 3,209 1,253 1,956
39,291 3,418 1,422 1,996
113,767 2,650 935 1,715
46,516 ( 185) ( 185)
30,561 750 750
6,648 (6,648) (6,648)
25,530 1,278 21 1,257
418,834 (53,874) (53,874)
7,779,344 185,606 119,631 65,975
199,713 -0- -0-
1,078,552 -0- -0-
578,184 -0- -0-
1,856,449 -0- -0- -0-
$9,635,793 $185,606 $119,631 $65,975
-22-
CITY OF WICHITA FALLS, TEXAS Exhibit B-5
General Fund
Statement Of Expenditures
For The Year Ended September 30, 1973
Salaries Employee Supplies
Insurance,
And Retirement And
And Payroll
Department Wages Taxes Materials
Mayor and Board of Aldermen $ 1,020 $ $ 1,179
General Administration 73,657 5,840 4,725
Legal and City Clerk 64,279 5,971 3,021
Personnel 29,242 3,441 3,775
Data Processing 80,539 9,476 26,416
Library 63,898 7,767 27,649
Health 279,824 31,750 34,488
Finance 58,915 7,025 4,034
Tax 126,753 16,040 10,261
Municipal Court 72,043 8,033 6,024
Police 1,014,780 97,511 76,440
Fire 981,009 92,181 22,266
Fire Marshall 35,282 4,481 2,224
Public Safety 31,553 3,251 2,153
Animal Control 21,789 2,852 3,391
Engineering 139,161 15,283 7,067
Inspection 53,044 6,281 3,541
Property Agent 18,194 1,445 864
Street Maintenance 274,926 34,887 38,123
Sanitation 538,438 69,951 69,220
Parks and Recreation 290,880 34,822 34,934
Golf 42,188 5,355 6,234
Cemetery 30,885 4,069 1,458
Planning 51,092 5,669 1,868
Traffic 157,844 17,854 29,563
Street Lighting
Parking Meters 29,732 3,990 1,397
Building Maintenance 58,525 6,928 4,351
Auditorium Services 34,845 4,056 933
Purchasing 22,908 2,827 2,199
Central Garage 198,496 24,280 6,661
Information Center 21,095 2,002 525
Non-Departmentalized 116,833 59
5,013,669 535,318 437,043
Federal and State Grants:
Federal Shared Revenue 4,903 382 3,249
Categorical Grants:
Municipal Information System 319,676 37,438
Other 291,990 32,859 11,519
616,569 70,679 14,768
Totals $5,630,238 $605,997 $451,811
-23-
CITY OF WICHITA FALLS, TEXAS Exhibit B-5
General Fund
Statement Of Expenditures
For The Year Ended September 30, 1973
Utilities, Other Total
Rentals, Insurance Charges Expenditures
Outside And Fixed And For The
Maintenance Services, Etc. Miscellaneous Assets Credits Year
$ 11,083 $ 254 $ 830 $ 14,366
$ 1,318 9,694 549 3,042 98,825
188 20,943 512 621 95,535
195 4,642 79 48 41,422
30,633 293,096 7,182 15,332 $( 72,000) 390,674
1,619 14,584 753 75 116,345
6,472 28,881 803 3,470 385,688
81 29,787 149 297 100,288
1,308 11,326 317 4,664 170,669
1,002 4,555 193 763 92,613
41,987 41,690 32,509 61,723 1,366,640
8,353 40,255 1,901 4,637 1,150,602
2,768 892 396 -0- 46,043
1,186 3,731 731 340 42,945
2,389 4,243 317 2,648 37,629
3,922 4,696 998 9,706 180,833
1,850 1,500 475 66,691
307 859 84 21,753
170,004 4,124 5,414 50,052 577,530
157,061 3,010 6,182 126,095 969,957
44,052 19,481 3,835 23,045 451,049
6,323 8,060 853 5,209 74,222
2,496 1,399 317 3,189 43,813
384 1,594 182 3,099 63,888
13,507 37,434 1,449 833 258,484
5,282 234,411 239,693
1,750 317 2,105 39,291
9,650 29,734 1,580 2,999 113,767
534 1,096 81 4,971 46,516
41 2,570 16 30,561
4,631 7,498 812 6,246 (241,976) 6,648
156 1,649 103 25,530
2,304 17,247 76,578 216 205,597 418,834
523,753 895,764 145,921 336,255 (108,379) 7,779,344
51,348 37,581 '102,250 199,713
663,868 57,570 1,078,552
90,320 12,351 133,298 5,847 578,184
51,348 754,188 69,921 170,879 108,097 1,856,449
$575,101 $1,649,952 $215,842 $507,134 $ (282)$9,635,793
-23-
CITY OF WICHITA FALLS, TEXAS Exhibit B-6
General Fund
Changes In Ad Valorem Taxes Receivable
For The Year Ended September 30, 1973
Delinquent Current
Taxes Taxes Total
Balances, September 30, 1972 $647,395 $ -0- $ 647,395
Additions:
Taxes Levied 2,711,528 2,711,528
Transfer From Current 82,635 82,635
Adjustments, Etc. 1,296 362 1,658
83,931 2,711,890 2,795,821
731,326 2,711,890 3,443,216
Deductions:
Collections 83,996 2,625,989 2,709,985
Transfer to Delinquent 82,635 82,635
Adjustments, Write-Offs, Etc. 28,145 3,266 31,411
112,141 2,711,890 2,824,031
Balances, September 30, 1973 $619,185 $ -0- $ 619,185
-24-
CITY OF WICHITA FALLS, TEXAS Exhibit B-7
General Fund
Aged Schedule Of Ad Valorem Taxes Receivable
September 30, 1973
Fiscal Year Amount
1954 and Prior $ 16,784
1955 - 1956 4,114
1956 - 1957 4,714
1957 - 1958 6,121
1958 - 1959 7,733
1959 1960 10,884
1960 - 1961 14,144
1961 - 1962 15,327
1962 - 1963 19,676
1963 - 1964 45,581
1964 - 1965 38,307
1965 - 1966 45,488
1966 - 1967 61,823
1967 - 1968 53,134
1968 - 1969 36,382
1969 - 1970 47,429
1970 - 1971 51,001
1971 - 1972 57,908
1972 - 1973 82,635
Gross Taxes Receivable 619,185
Less Allowance For Uncollectible Taxes Receivable (197,648)
Net Taxes Receivable $421,537
-25-
CITY OF WICHITA FALLS, TEXAS Exhibit B-8
General Fund
Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1973
Balances, September 30, 1972:
Unrestricted Cash:
Cash in Bank-Demand Deposits $ 287,398
Petty Cash 945 $ 288,343
Restricted Cash:
Cash in Bank-Demand Deposits 3,562
Certificates of Deposit 7,531 11,093
299,436
Receipts:
General Revenues 3,247,834
Current and Delinquent Ad Valorem Tax Collections 2,691,809
Contributions From Water and Sewer Fund 750,000
Sanitation Service 1,024,111
Sales Taxes Receivables 318,549
Inter-Fund Charges, Receivables, Etc. 439,770
Refunds, Rebates, Funds Collected for Others, Etc. 297,667 8,769,740
9,069,176
Disbursements:
Expenditures 7,512,723
Materials and Supplies-Inventory 407,117
Accounts Payable 102,778
Inter-Fund Charges, Payables, Etc. 70,883
Refunds, Rebates, Funds Collected For Others, Etc. 272,289 8,365,790
$ 703,386
Balances, September 30, 1973:
Unrestricted Cash:
Cash in Bank-Demand Deposits $ 694,204
Petty Cash 945 $ 695,149
Restricted Cash:
Cash in Bank-Demand Deposits 5
Certificates of Deposit 8,232 8,237
$ 703,386
-26-
PARTICIPATION PAVING FUND
CITY OF WICHITA FALLS, TEXAS Exhibit C-1
Participation Paving Fund
Balance Sheet
September 30, 1973
Assets
Cash (Exhibit C-3) $ 71,553
Certificates of Deposit (Exhibit C-3) 140,000
Accounts Receivable:
Paving Assessment Receivables $ 368,884
Due from other funds 1,013 369,897
Total $ 581,450
Liabilities, Reserves And Fund Balance
Liabilities:
Accounts Payable Trade $ 46,742
Advance Payments, etc. 43,585
Inter-fund payable 3 $ 90,330
Reserve For Rebates, etc. 1,244
Fund Balance (Exhibit C-2) 489,876
Total $ 581,450
-27-
CITY OF WICHITA FALLS, TEXAS Exhibit C-2
Participation Paving Fund
Statement Of Revenues And Expenditures And Fund Balance
For The Year Ended September 30, 1973
Revenues:
Street paving assessments $ 112,411
Alley paving assessments 13,056
Interest on paving receivables 12,446
Interest on certificates of deposit, etc. 8,989
146,902
Expenditures For Street And Alley Paving 213,912
Excess Of Expenditures Over Revenues (67,010)
Fund Balance, September 30, 1972 556,886
Fund Balance, September 30, 1973 $ 489,876
-28-
CITY OF WICHITA FALLS, TEXAS Exhibit C-3
Participation Paving Fund
Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1973
Balance, September 30, 1972
Cash in bank - demand deposits $ 179,630
Receipts :
Collections of paving receivables $ 123,679
Advance payments, etc. 57,506
Interest on paving receivables 11,034
Due from other funds 1,288
Interest on certificates of deposit, etc. 8,989 202,496
382,126
Disbursements:
Paving expenditures 167,167
Accounts payable trade 2,934
Refunds, etc. 472 170,573
Balance, September 30, 1973
Cash in bank:
Demand deposits 71,553
Certificates of deposit 140,000
$ 211,553
-29-
AIRPORT REVENUE FUND
CITY OF WICHITA FALLS, TEXAS Exhibit D-1
Airport Fund
Balance Sheet
September 30, 1973
Assets
Current Assets:
Cash (Exhibit D-4) $ 24,699
Trade accounts receivable 28,337 $ 53,036
Restricted Assets (Exhibit D-4) :
Revenue bond debt service:
Demand deposits 11,427
Certificates of deposit 10,000
Revenue bond reserve:
Demand deposits 1,227
Certificates of deposit 39,000 61,654
Plant And Equipment (Exhibit D-3) :
Land betterments, etc. 12,281
Buildings and improvements 574,677
Furniture and fixtures 19,061
Machinery and equipment 16,558
Motor vehicles 4,003
Total plant and equipment 626,580
Less accumulated depreciation (108,882)_ 517,698
Total $ 632,388
Liabilities, Contributions And Retained Earnings
Current Liabilities:
Payable from current assets-due to other funds 14,099
Payable from restricted assets:
Accrued revenue bond interest 6,702
Revenue bonds payable (Exhibit L-9) 25,000 $ 45,801
Revenue Bonds Payable (Exhibit L-9) :
Series 1964- interest 3 1/2%, 3 3/4% and 4%-
maturing serially 245,000
Less current maturity (20,000 )
Series 1967-interest 4%-maturing serially 115,000
Less current maturity ( 5,000 ) 335,000
Contributions - Federal 51,732
Retained Earnings (Exhibit D-2) 199,855
Total $ 632,388
-30-
CITY OF WICHITA FALLS, TEXAS Exhibit D-2
Airport Fund
Statement Of Operations And Retained Earnings
For The Year Ended September 30, 1973
Operating Revenues $ 126,544
Operating Expenses:
Salaries and Wages $ 42,029
Social Security 2,340
Employees' Retirement Plan 1,621
Employees' Insurance 732
Supplies 3,793
Maintenance 9,352
Utilities and Telephone 15,042
Landing Fee Charge 7,982
Other 7,520 90,411
36,133
Interest Income 3,620
39,753
Other Expenses:
Interest on Revenue Bonds 15,227
Depreciation (Exhibit D-3) 16,642 31,869
Net Income For The Year 7,884
Retained Earnings, September 30, 1972 191,971
Retained Earnings, September 30, 1973 $ 199,855
-31-
CITY OF WICHITA FALLS, TEXAS Exhibit D-3
Airport Fund
Statement Of Plant, Equipment And Depreciation
For The Year Ended September 30, 1973
Plant And Equipment
Beginning, Transfers Ending,
Balances Additions Retirements In (Out) Balances
Land Betterments, Etc. $ 11,268 $ 1,013 $ 12,281
Buildings And Improvements 494,281 80,396 574,677
Furniture And Fixtures 18,077 984 19,061
Machinery And Equipment 15,505 1,053 16,558
Motor Vehicles 4,003 4,003
Totals $543,134 $83,446 (A) $626,580
(A) $ 51,732 of the plant and equipment additions was provided from Federal
Revenue Sharing.
-32-
CITY OF WICHITA FALLS, TEXAS Exhibit D-3
Airport Fund
Statement Of Plant, Equipment And Depreciation
For The Year Ended September 30, 1973
Accumulated Depreciation Net
Beginning, Transfers Ending, Plant And
Balances Additions Retirements In (Out) Balances Equipment
$ 291 $ 276 $ 567 $ 11,714
70,053 12,184 82,237 492,440
11,226 1,856 13,082 5,979
7,610 1,604 9,214 7,344
3,060 722 3,782 221
$92,240 $16,642 $108,882 $517,698
-32-
CITY OF WICHITA FALLS, TEXAS Exhibit D-4
Airport Fund
Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1973
Revenue Bond
Operating Debt
Total Fund Service Reserve
Balances, September 30, 1972
Cash in Bank:
Demand Deposits $ 77,253 $ 56,921 $ 20,332
Certificates of Deposit 39,244 $ 39,244
116,497 56,921 20,332 39,244
Receipts:
Operating revenues 98,207 98,207
Trade Receivables 20,586 20,586
Intra-fund Transfers 41,177 41,177
Interest Income 3,620 1,017 568 2,035
163,590 119,810 41,745 2,035
280,087 176,731 62,077 41,279
Disbursements:
Operating Expenses 76,312 76,312
Plant and Equipment Additions 31,714 31,714
Intra-fund Transfers 40,125 40,125
Intra-fund Transfer of excess
accumulation (A) 1,052 1,052 (A)
Revenue Bond Principal Payments-
serial bonds 25,000 25,000
Revenue Bond Interest Payments 15,650 15,650
Inter-fund Payable 3,881 3,881
193,734 152,032 40,650 1,052
Balances, September 30, 1973
Cash in Bank:
Demand Deposits 37,353 24,699 11,427 1,227
Certificates of Deposit 49,000 10,000 39,000
$ 86,353 $ 24,699 $ 21,427 $ 40,227 (A)
(A) The bond reserve fund cash balances required by the revenue bond indentures
is $39,000.
-33-
WATER AND SEWER REVENUE FIND
CITY OF WICHITA FALLS, TEXAS Exhibit E-1
Water And Sewer Revenue Fund
Balance Sheet
September 30, 1973
Assets
Current Assets:
Cash (Exhibit E-4) 229,743
Customer receivables (less $10,000 allowance
for uncollectible accounts) 339,399
Other receivables 7,385
Due from other funds 250
Inventory-materials and supplies (average cost) 162,179 $ 738,956
Restricted Assets (Exhibit E-4) :
Cash 145,840
Certificates of deposit 3,705,000 3,850,840
Property And Equipment-Net (Exhibit E-3) 30,333,756
Prepaid And Deferred Expenses 21,040
$34,944,592
Liabilities And Retained Earnings
Current Liabilities-Payable from current assets:
Accounts payable 31,222
Accrued Payroll 24,020
Due to other funds 121,138 $ 176,380
Current Liabilities-Payable from restricted assets:
Accounts payable 125,261
Accrued revenue bond interest payable 81,139
Current maturities-revenue bonds (Exhibit L-9) 650,000 856,400
Revenue Bonds Payable (Exhibit L-9) :
Series 1963 3,375,000
Series 1966 2,675,000
Series 1966 A 1,350,000
Series 1968 1,775,000
Series 1973 2,000,000
Total revenue bonds payable 11,175,000
Less current maturities (650,000) 10,525,000
Customer Deposits 295,323
Refunding Contracts 40,461
Contributions In Aid Of Construction 92,190
Retained Earnings (Exhibit E-2) 22,958,838
$34,944,592
-34-
CITY OF WICHITA FALLS, TEXAS Exhibit E-2
Water And Sewer Revenue Fund
Statement Of Operations And Retained Earnings
For The Year Ended September 30, 1973
Operating Revenues:
Water sales $2,594,691
Sewer service 603,982
Other 102,964 $ 3,301,637
Operating Expenses:
Salaries and wages 868,025
Payroll taxes 47,243
Employee insurance 17,874
Employee retirement 40,229
Supplies and materials 201,437
Maintenance 166,244
Utilities 158,254
Data processing 72,000
Insurance 18,288
Other 51,694 1,641,288
Operating profit before depreciation
and interest 1,660,349
Depreciation Expense (Exhibit E-3) 886,926
Operating profit before interest 773,423
•
Interest:
Income 139,029
Expense-revenue bond (374,836) (235,807)
Net Income For The Year 537,616
Retained Earnings, Beginning Of Year 23,171,222
Contributions To General Fund (750,000)
Retained Earnings, End Of Year $22,958,838
-35-
CITY OF WICHITA FALLS, TEXAS Exhibit E-3
Water And Sewer Revenue Fund
Statement Of Property, Equipment And Depreciation
For The Year Ended September 30, 1973
Property And Equipment
Beginning Ending
Balances Additions Deletions Transfers Balances
Water:
Land and betterments $11,997,590 $242,626 $12,240,216
Buildings, plants and facilities 18,819,911 $ 40,506 66,686 18,927,103
Furniture and fixtures 11,471 $ 8 11,463
Machinery and equipment 853,635 7,843 1,725 24,758 884,511
Motor vehicles 88,174 28,557 15,532 101,199
Construction in progress 248,272 354,457 (336,925) . 265,804
Total water 32,019,053 431,363 17,265 ( 2,855) 32,430,296
Sewer:
Land and betterments 78,748 78,748
Buildings, plants and facilities 7,809,576 43,938 7,853,514
Furniture and fixtures 608 608
Machinery and equipment 53,007 8,200 10,632 2,833 53,408
Motor vehicles 38,065 6,575 4,004 40,636
Construction in progress 220,451 104,924 ( 43,916) 281,459
Total sewer 8,200,455 119,699 14,636 2,855 8,308,373
Combined Water And Sewer:
Land and betterments 12,076,338 242,626 12,318,964
Buildings, plants and facilities 26,629,487 40,506 110,624 26,780,617
Furniture and fixtures 12,079 8 12,071
Machinery and equipment 906,642 16,043 12,357 27,591 937,919
Motor vehicles 126,239 35,132 19,536 141,835
Construction in progress 468,723 459,381 (380,841) 547,263
Total water and sewer $40,219,508 $551,062 $31,901 $ -0- $40,738,669
-36-
CITY OF WICHITA FALLS, TEXAS Exhibit E-3
Water And Sewer Revenue Fund
Statement Of Property, Equipment And Depreciation
For The Year Ended September 30, 1973
Depreciation Net
Beginning Ending Plant And
Balances Additions Deletions Transfers Balances Equipment
$ 589,018 $121,655 $ $ $ 710,673 $11,529,543
5,928,224 461,252 6,389,476 12,537,627
9,586 465 8 10,043 1,420
541,619 52,947 1,725 (1,241) 591,600 292,911
55,539 15,365 15,532 55,372 45,827
-0- -0- 265,804
7,123,986 651,684 17,265 (1,241) 7,757,164 24,673,132
1,936 1,936 3,872 74,876
2,358,565 225,568 2,584,133 5,269,381
554 22 576 32
47,474 2,347 10,632 1,241 40,430 12,978
17,373 5,369 4,004 18,738 21,898
-0- -0- 281,459
2,425,902 235,242 14,636 1,241 2,647,749 5,660,624
590,954 123,591 714,545 11,604,419
8,286,789 686,820 8,973,609 17,807,008
10,140 487 8 10,619 1,452
589,093 55,294 12,357 632,030 305,889
72,912 20,734 19,536 74,110 67,725
-0- -0- 547,263
$9,549,888 $886,926 $31,901 $ -0- $10,404,913 $30,333,756
-36-
CITY OF WICHITA FALLS, TEXAS Exhibit E-4
Water And Sewer Revenue Fund
Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1973
Unrestricted
Total Cash
Balances, September 30, 1972:
Cash in bank:
Demand deposits $1,137,205 $ 312,073
Certificates of deposit 1,431,961
Petty cash 1,000 1,000
2,570,166 313,073
Receipts:
Operating revenues and receivables 3,113,327 3,113,327
Accounts collected for other funds 1,040,612 1,040,612
Sale of revenue bonds 2,000,000
Interest income 139,029 6,862
Consumer deposits 75,830 75,830
Intra-fund transfers 968,514
Contributions in aid of construction 37,407 37,407
Other 19,965 19,965
7,394,684 4,294,003
9,964,850 4,607,076
Disbursements:
Operating expenses 1,494,459 1,494,459
Accounts collected for other funds 1,037,463 1,037,463
Contributions to general fund 750,000 750,000
Intra-fund transfers 913,835 913,835
Intra-fund transfers-excess accumulation 54,679
Fixed asset additions-exclusive of bond projects 42,202 42,202
Accounts payable. and other liabilities 261,293 51,925
Inventory purchases 84,359 84,359
Bond project costs 339,231
Bond principal payments 550,000
Bond interest payments 353,656
Other, refunds, etc. 3,090 3,090
5.884.267 4.377.333
Balances, September 30, 1973:
Cash in bank:
Demand deposits 374,583 228,743
Certificates of deposit 3,705,000
Petty cash 1,000 1,000
$4,080,583 $ 229,743
-37-
CITY OF WICHITA FALLS, TEXAS Exhibit E-4
Water And Sewer Revenue Fund
Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1973
Restricted Cash
Total Interest And Revenue Revenue Bonds
Restricted Sinking Fund Fund Series 1963 Series 1968 Series 1973
$ 825,132 $ 204,402 $363,184 $257,546
1,431,961 $851,961 580,000
2,257,093 204,402 851,961 363,184 837,546 $ -0-
2,000,000 2,000,000
132,167 12,768 47,818 11,248 29,531 30,802
968,514 968,514
3,100,681 981,282 47,818 11,248 29,531 2,030,802
5,357,774 1,185,684 899,779 374,432 867,077 2,030,802
54,679 54,679
209,368 134,515 74,853
339,231 15,199 242,189 81,843
550,000 550,000
353,656 353,656
1,506,934 903,656 54,679 149,714 317,042 81,843
145,840 32,028 100 14,718 50,035 48,959
3,705,000 250,000 845,000 210,000 500,000 1,900,000
$3,850,840 $ 282,028 $845,100 $224,718 $550,035 $1,948,959
-37-
DEBT SERVICE FUND
CITY OF WICHITA FALLS, TEXAS Exhibit F-1
Debt Service Fund
Balance Sheet
September 30, 1973
Assets
Cash (Exhibit F-5) $ 434
Certificates of Deposit (Exhibit F-5) 96,000
Accounts Receivable:
Taxes receivable-delinquent (Exhibits F-3 and F-4) $392,154
Allowances for uncollectible taxes (126,628)
265,526
Due from other funds 10,580 276,106
Total $372,540
Liabilities, Reserves And Fund Balance
Fund Balance (Exhibit F-2) $372,540
Total $372,540
-38-
CITY OF WICHITA FALLS, TEXAS Exhibit F-2
Debt Service Fund
Statement Of Reserve For Future Debt Payments
For The Year Ended September 30, 1973
Balance, September 30, 1972 $ 409,201
Add - Revenues:
Property taxes (less allowances for
estimated losses of $24,347) $2,410,312
Interest on certificates of deposit, etc 35,745 2,446,057
$ 2,855,258
Deduct - Expenditures (Note) :
General obligation serial bond maturities 1,622,000
Interest on general obligation bonds 856,765
Paying agents' fee 3,953 2,482,718
Balance, September 30, 1973 $ 372,540
Note - Expenditures were in the same amount as revised appropriations for
the year ended September 30, 1973 and there were no encumbrances
outstanding at the beginning or end of the fiscal year.
-39-
CITY OF WICHITA FALLS, TEXAS Exhibit F-3
Debt Service Fund
Changes In Taxes Receivable
For The Year Ended September 30, 1973
Delinquent Current
Taxes Taxes Total
Balances, September 30, 1972 $ 395.353 $ -0- S 4g5.45�
Additions:
Taxes Levied 2,437,594 2,437,594
Transfer From Current 74,287 74,287
Adjustments, Etc. 1,287 325 1,612
75,574 2,437,919 2,513,493
470,927 2,437,919 2,908,846
Deductions:
Collections 58,234 2,356,735 2,414,969
Transfer To Delinquent 74,287 74,287
Due From Trust And Agency Fund 6,618 3,962 10,580
Adjustments, Write-Off, Etc. 13,921 2,935 16,856
78,773 2,437,919 2,516,692
Balances, September 30, 1973 $ 392,154 $ -0- $ 392,154
-40-
CITY OF WICHITA FALLS, TEXAS Exhibit F-4
Debt Service Fund
Aged Schedule of Taxes Receivable
September 30, 1973
Fiscal Year Amount
1954 and Prior $ 4,170
1955 - 1956 1,207
1956 - 1957 1,372
1957 - 1958 1,679
1958 - 1959 1,891
1959 - 1960 2,887
1960 - 1961 3,860
1961 - 1962 4,971
1962 - 1963 6,382
1963 - 1964 14,783
1964 - 1965 16,417
1965 - 1966 23,538
1966 - 1967 36,309
1967 - 1968 30,410
1968 - 1969 31,117
1969 - 1970 35,356
1970 - 1971 43,610
1971 - 1972 57,908
1972 - 1973 74,287
Gross Taxes Receivable 392,154
Less - Allowances For Uncollectible Taxes Receivable 126,628
Net Taxes Receivable $ 265,526
-41-
CITY OF WICHITA FALLS, TEXAS Exhibit F-5
Debt Service Fund
Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1973
Balance, September 30, 1972:
Cash in Bank:
Demand Deposits $ 12,349
Certificates of Deposit 105,000
117,349
Receipts:
Taxes receivable - property $ 2,414,969
Interest on certificates of deposit, etc 35,745
Due from other funds 12,702 2,463,416
2,580,765
Disbursements:
General obligation serial bond maturities 1,622,000
Interest on general obligation bonds 856,765
Paying agents' fee 3,953
Refunds - taxes receivable 1,613 2,484,331
Balance, September 30, 1973:
Cash in Bank:
Demand Deposits 434
Certificates of Deposit 96,000
$ 96,434
-42-
CAPITAL PROJECTS FUNDS
.00e .OV
V
• 4tt --•
„• ._ •
•
•
CITY OF WICHITA FALLS, TEXAS Exhibit G-1
Capital Projects Funds
Combined Balance Sheet
September 30, 1973
Waterworks Health Unit Street And
Combined Improvements Building Storm Drainage
Total 1959 1968 1968
Assets
Cash (Exhibit G-3) :
Demand Deposits $ 59,338 $8,430 $ 50,908
Certificates of Deposit 25,000 25,000
84,338 8,430 75,908
Accounts Receivable:
Due from other funds 3 3
Due from other governmental
units 268,179 268,179
268,182 268,182
Bonds Authorized And Unissued
Totals $352,520 $ -0- $8,430 $344,090
Liabilities, Reserves And
Fund Balances
Liabilities:
Accounts Payable $101,066 $3,303 $ 97,763
Due to other funds 1 1
101,067 3,303 97,764
Reserve For Encumbrances
(Exhibit G-2) 124,407 124,407
Fund Balances (Exhibit G-2) 127,046 5,127 121,919
Totals $352,520 $ -0- $8,430 $344,090
-43-
CITY OF WICHITA FALLS, TEXAS Exhibit G-2
Capital Projects Funds
Combined Statement Of Authorizations, Expenditures And Encumbrances
For The Year Ended September 30, 1973
Waterworks Health Unit Street And
Combined Improvements Building Storm Drainage
Total 1959 1968 1968
Amount Appropriated-Bonds
Authorized $15,060,000 $4,000,000 $390,000 $10,670,000
Additions:
Prior years 1,320,218 126,263 586,937 607,018
Current year-interest
income 792 236 556
16,381,010 4,126,263 977,173 11,277,574
Less Expenditures:
Prior years 15,687,589 4,119,433 963,768 10,604,388
Current year 441,968 6,830 8,278 426,860
16,129,557 4,126,263 972,046 11,031,248
Unexpended Balance 251,453 -0- 5,127 246,326
Less-Reserve For Encum-
brances, September 30, 1973 (124,407) (124,407)
Fund Balances, September 30,
1973 $ 127,046 -0- $ 5,127 $ 121,919
-44-
CITY OF WICHITA FALLS, TEXAS Exhibit G-3
Capital Projects Funds
Combined Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1973
Waterworks Health Unit Street And
Combined Improvements Building Storm Drainage
Total 1959 1968 1968
Balances, September 30, 1972:
Cash in bank:
Demand Deposits $270,534 $15,131 $13,169 $242,234
Certificates of Deposit
270,534 15,131 13,169 242,234
Receipts:
Interest income 792 236 556
Inter-fund receivables 4,476 4,476
State of Texas-joint projects
participation and receiv-
able 424,390 424,390
429,658 236 429,422
700,192 15,131 13,405 671,656
Disbursements:
Inter-fund payable 8,306 8,291 15
Trade accounts payable 61,260 10 61,250
Bond project costs 546,288 6,830 4,975 534,483
615,854 15,131 4,975 595,748
Balances, September 30, 1973:
Cash in bank:
Demand Deposits 59,338 8,430 50,908
Certificates of Deposit 25,000 25,000
$ 84,338 $ -0- $ 8,430 $ 75,908
-45-
TRUST AND AGENCY FUNDS
CITY OF WICHITA FALLS, TEXAS Exhibit H-1
Page 1 of 3
Trust And Agency Funds
Combined Balance Sheet
September 30, 1973
Combined Social
Total Security Payroll
Assets
Cash (Exhibit H-3) $ 428,319 $159,840
Certificates Of Deposit (Exhibit H-3) 1,864,000
Due From Other Governmental Units 266,672
Due From Other Funds 1,250
Other Receivables 2,484
Securities Held In Trust 10,000
Totals $2,572,725 $159,840 $ -0-
Liabilities, Reserves And Fund Balances
Accounts Payable $ 214,983
Due To Other Funds 80,699
Due To Other Governmental Units 175,252 $159,840
Reserve For Encumbrances (Exhibit H-2) 1,267,738
Fund Balances (Exhibit H-2) 834,053
Totals $2,572,725 $159,840 $ -0-
-46-
CITY OF WICHITA FALLS, TEXAS Exhibit H-1
Page 1 of 3
Trust And Agency Funds
Combined Balance Sheet
September 30, 1973
Cab Total Grants
Company Tax Tax Clearing (Page 2)
Trust Refund Collection Fund Forward
$ 2,698 $ 46,809 $ 2,516 $ 216,456
1,864,000
266,672
1,250
2,484
$ 10,000
$ 10,000 $ 2,698 $ 46,809 $ 5,000 $ 2,348,378
$ 2,698 $ 212,285
$ 39,672 $ 5,000 36,027
7,137 8,275
1,267,738
$ 10,000 824,053
$ 10,000 $ 2,698 $ 46,809 $ 5,000 $ 2,348,378
-46-
CITY OF WICHITA FALLS, TEXAS Exhibit H-1
Page 2 of 3
Trust And Agency Funds
Combined Balance Sheet
September 30, 1973
Total Municipal Federal
Grants Information Reserve
Forward System Sharing
Assets
Cash (Exhibit H-3) $ 216,456 $ 35,626 $ 35,306
Certificates Of Deposit (Exhibit H-3) 1,864,000 1,864,000
Due From Other Governmental Units 266,672 213,593
Due From Other Funds 1,250 1,250
Other Receivables
Securities Held In Trust
Totals $2,348,378 $249,219 $1,900,556
Liabilities, Reserves And Fund Balances
Accounts Payable $ 212,285 $124,115 $ 20,855
Due To Other Funds 36,027 2,207 38
Due To Other Governmental Units 8,275
Reserve For Encumbrances (Exhibit H-2) 1,267,738 1,197,483
Fund Balances (Exhibit H-2) 824,053 122,897 682,180
Totals $2,348,378 $249,219 $1,900,556
-47-
CITY OF WICHITA FALLS, TEXAS Exhibit H-1
Page 2 of 3
Trust And Agency Funds
Combined Balance Sheet
September 30, 1973
Emergency Comprehensive Public Page 3
Employment Planning Camps Services Totals
Grant Grant Grant Careers Forward
$15,103 $ 4,778 $12,949 $4,098 $108,596
6,236 35 906 45,902
$15,103 $11,014 $12,984 $5,004 $154,498
$ 2,680 $ 1,388 $1,986 $ 61,261
59 151 3,018 30,554
8,275
$15,103 11,445 43,707
18,976
$15,103 $11,014 $12,984 $5,004 $154,498
-47-
CITY OF WICHITA FALLS, TEXAS Exhibit H-1
Page 3 of 3
Trust And Agency Funds
Combined Balance Sheet
September 30, 1973
Page 3 Intergovernmental Solid
Totals Personnel Waste
Forward Grant Demonstration
Assets
Cash (Exhibit H-3) $108,596 $4,344 $34,101
Certificates Of Deposit (Exhibit H-3)
Due From Other Governmental Units 45,902
Due From Other Funds
Other Receivables
Securities Held In Trust
Totals $154,498 $4,344 $34,101
Liabilities, Reserves And Fund Balances
Accounts Payable $ 61,261 $2,016 $ 5,194
Due To Other Funds 30,554 14
Due To Other Governmental Units
Reserve For Encumbrances (Exhibit H-2) 43,707 2,314 28,907
Fund Balances (Exhibit H-2) 18,976
Totals $154,498 $4,344 $34,101
-48-
CITY OF WICHITA FALLS, TEXAS Exhibit H-1
Page 3 of 3
Trust And Agency Funds
Combined Balance Sheet
September 30, 1973
Narcotics Crime Park
Intelligence Prevention Topics Improvements Other
Grant Grant Grant Grants Grants
$5,129 $2,243 $18,976 $18,054 $25,749
45,902
$5,129 $2,243 $18,976 $63,956 $25,749
$1,737 $1,230 $25,952 $25,132
1,538 2 29,000
1,854 1,011 9,004 617
$18,976
$5,129 $2,243 $18,976 $63,956 $25,749
-48-
•
CITY OF WICHITA FALLS, TEXAS Exhibit H-2
Page 1 of 3
Trust And Agency Funds
Combined Statement Of Revenues, Expenditures And Fund Balances
For The Year Ended September 30, 1973
Combined Social
Total Security Payroll
Fund Balances, September 30, 1972 $ 112,587 $ -0- $ -0-
Additions:
Federal And State Grants 1,698,858
Contributions By Other City Funds 530
Contributions - Other 7,762
In-Kind Contributed Services 218,030
Federal Shared Revenue 2,129,976
Interest Income, Etc. 42,954
Reserve For Encumbrances, September 30, 1972 59,127
4,157,237 -0- -0-
4,269,824 -0- -0-
Deductions:
In-Kind Contributed Services 218,030
Other Project Expenditures 1,950,003
2,168,033 -0- -0-
Unexpended Balances 2,101,791
Less-Reserve For Encumbrances,
September 30, 1973 1,267,738
Fund Balances, September 30, 1973 $ 834,053 $ -0- $ -0-
-49-
CITY OF WICHITA FALLS, TEXAS Exhibit H-2
Page 1 of 3
Trust And Agency Funds
Combined Statement Of Revenues, Expenditures And Fund Balances
For The Year Ended September 30, 1973
Cab Total Grants
Company Tax Tax Clearing (Page 2)
Trust Refund Collection Fund Forward
$10,000 $ -0- $ -0- $ -0- $ 102,587
1,698,858
530
7,762
218,030
2,129,976
42,954
59,127
-0- -0- -0- -0- 4,157,237
10,000 -0- -0- -0- 4,259,824
218,030
1,950,003
-0- -0- -0- -0- 2,168,033
10,000 2,091,791
1,267,738
$10,000 $ -0- $ -0- $ -0- $ 824,053
-49-
CITY OF WICHITA FALLS, TEXAS Exhibit H-2
Page 2 of 3
Trust And Agency Funds
Combined Statement Of Revenues, Expenditures And Fund Balances
For The Year Ended September 30, 1973
Total Municipal Federal
Grants Information Revenue
Forward System Sharing
Fund Balances, September 30, 1972 $ 102,587 $ 61,971 $ -0-
Additions:
Federal And State Grants 1,698,858 1,139,478
Contributions By Other City Funds 530
Contributions-Others 7,762
In-Kind Contributed Services 218,030 132,626
Federal Shared Revenue 2,129,976 2,129,976
Interest Income, Etc. 42,954 42,954
Reserve For Encumbrances,
September 30, 1972 59,127
4,157,237 1,272,104 2,172,930
4,259,824 1,334,075 2,172,930
Deductions:
In-Kind Contributed Services 218,030 132,626
Other Project Expenditures 1,950,003 1,078,552 293,267
2,168,033 1,211,178 293,267
Unexpended Balances 2,091,791 122,897 1,879,663
Less-Reserve for Encumbrances,
September 30, 1973 1,267,738 1,197,483
Fund Balances, September 30, 1973 $ 824,053 $ 122,897 $ 682,180
-50-
CITY OF WICHITA FALLS, TEXAS Exhibit H-2
Page 2 of 3
Trust And Agency Funds
Combined Statement Of Revenues, Expenditures And Fund Balances
For The Year Ended September 30, 1973
Emergency Comprehensive Public Page 3
Employment Planning Camps Services Totals
Grant Grant Grant Careers Forward
$ -0- $ -0- $ -0- $ -0- $ 40,616
112,992 57,258 27,407 73,424 288,299
530
7,762
35,254 50,150
10,641 7,938 5,667 34,881
123,633 92,512 35,345 79,091 381,622
123,633 92,512 35,345 79,091 422,238
35,254 50,150
108,530 57,258 23,900 79,091 309,405
108,530 92,512 23,900 79,091 359,555
15,103 -0- 11,445 -0- 62,683
15,103 -0- 11,445 -0- 43,707
$ -0- $ -0- $ -0- $ -0- $ 18,976
-cn-
CITY OF WICHITA FALLS, TEXAS Exhibit H-2
Page 3 of 3
Trust And Agency Funds
Combined Statement Of Revenues, Expenditures And Fund Balances
For The Year Ended September 30, 1973
Page 3 Intergovernmental Solid
Totals Personnel Waste
Forward Grant Demonstration
Fund Balances, September 30, 1972 $ 40,616 $ -0- $ -0-
Additions:
Federal And State Grants 288,299 12,175 109,471
Contributions By Other City Funds 530 517 71
Contributions-Others 7,762
In-Kind Contributed Services 50,150 3,650 13,888
Federal Shared Revenue
Interest Income, Etc.
Reserve For Encumbrances,
September 30, 1972 34,881
381,622 16,342 123,430
422,238 16,342 123,430
Deductions:
In-Kind Contributed Services 50,150 3,650 13,888
Other Project Expenditures 309,405 10,378 80,635
359,555 14,028 94,523
Unexpended Balances 62,683 2,314 28,907
Less-Reserve For Encumbrances,
September 30, 1973 43,707 2,314 28,907
Fund Balances, September 30, 1973 $ 18,976 $ -0- $ -0-
-51-
CITY OF WICHITA FALLS, TEXAS Exhibit H-2
Page 3 of 3
Trust And Agency Funds
Combined Statement Of Revenues, Expenditures And Fund Balances
For The Year Ended September 30, 1973
Narcotics Crime Park
Intelligence Prevention Topics Improvement Other
Grant Grant Grant Grants Grants
$ -0- $ -0- $44,338 $ -0- $(3,722)
32,068 14,523 46,733 47,244 26,085
25,255 4,908 (40,000) 9,779
6,300 1,462
12,610 20,002
8,535 24,465 1,881
65,858 19,431 19,343 98,011 39,207
65,858 19,431 63,681 98,011 35,485
12,610 20,002
64,004 18,420 32,095 69,005 34,868
64,004 18,420 44,705 89,007 34,868
1,854 1,011 18,976 9,004 617
1,854 1,011 -0- 9,004 617
$ -0- $ -0- $18,976 $ -0- $ -0-
-51-
CITY OF WICHITA FALLS, TEXAS Exhibit H-3
Page 1 of 3
Trust And Agency Funds
Combined Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1973
Combined Social
Total Security Payroll
Balances, September 30, 1972- Cash in
Bank - Demand Deposits $ 312,849 $115,864 $ -0-
Receipts:
Other Funds-Payroll and Related 7,702,827 637,455 7,065,372
Property Taxes 10,336,600
Federal and State Grants 1,530,591
Contributions By Other Funds 35,801
Advances-Other Funds 39,275
Contributions-Others 7,762
Federal Shared Revenue 2,129,976
Interest Income, Etc. 42,954
Other 29,955
21,855,741 637,455 7,065,372
22,168,590 753,319 7,065,372
Disbursements:
Accounts Payable 104,267
Due To Other Funds 11,686
Payroll and Related 7,658,851 593,479 7,065,372
Taxes Collected For City Funds 5,213,865
Taxes Collected For Other
Governmental Units 5,146,833
Project Expenditures 1,669,612
Other 71,157
19,876,271 593,479 7,065,372
Balances, September 30, 1973:
Cash in Bank:
Demand Deposits 428,319 159,840 -0-
Certificates Of Deposit 1,864,000
$ 2,292,319 $159,840 $ -0-
-52-
CITY OF WICHITA FALLS, TEXAS Exhibit H-3
Page 1 of 3
Trust And Agency Funds
Combined Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1973
Cab Total Grants
Company Tax Tax Clearing (Page 2)
Trust Refund Collection Fund Forward
$ -0- $ 1,677 $ 70,907 $ 2,999 $ 121,402
10,336,600
1,530,591
35,801
39,275
7,762
2,129,976
42,954
8,917 21,038
-0- 8,917 10,336,600 21,038 3,786,359
-0- 10,594 10,407,507 24,037 3,907,761
104,267
11,686
5,213,865
5,146,833
1,669,612
7,896 21,521 41,740
-0- 7,896 10,360,698 21,521 1,827,305
-0- 2,698 46,809 2,516 216,456
1,864,000
$ -0- •$ 2,698 $ 46,809 $ 2,516 $2,080,456
-52-
CITY OF WICHITA FALLS, TEXAS Exhibit H-3
Page 2 of 3
Trust And Agency Funds
Combined Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1973
Total Municipal Federal
Grants Information Revenue
Forward System Sharing
Balances, September 30, 1972- Cash in
Bank-Demand Deposits $ 121,402 $ 39,954 $ -0-
Receipts:
Other Funds-Payroll and Related
Property Taxes
Federal and State Grants 1,530,591 982,816
Contributions By Other Funds 35,801
Advances-Other Funds 39,275
Contributions-Others 7,762
Federal Shared Revenue 2,129,976 2,129,976
Interest Income, Etc. 42,954 42,954
Other
3,786,359 982,816 2,172,930
3,907,761 1,022,770 2,172,930
Disbursements:
Accounts Payable 104,267 90,674
Due To Other Funds 11,686 1,810 1,250
Payroll and Related
Taxes Collected For City Funds
Taxes Collected For Other
Governmental Units
Project Expenditures 1,669,612 894,660 272,374
Other 41,740
1,827,305 987,144 273,624
Balances, September 30, 1973:
Cash in Bank:
Demand Deposits 216,456 35,626 35,306
Certificates of Deposit 1,864,000 1,864,000
$2,080,456 $ 35,626 $1,899,306
-53-
CITY OF WICHITA FALLS, TEXAS Exhibit H-3
Page 2 of 3
Trust And Agency Funds
Combined Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1973
Emergency Comprehensive Public Page 3
Employment Planning Camps Service Totals
Grant Grant Grant Careers Forward
$ 10,641 $ 301 $ 8,082 $ 5,974 $ 56,450
112,992 52,152 27,372 72,519 282,740
35,801
8,275 2,600 28,400
7,762
112,992 60,427 27,372 75,119 354,703
123,633 60,728 35,454 81,093 411,153
13,593
2,803 144 308 5,371
108,530 53,147 22,361 76,687 241,853
41,740
108,530 55,950 22,505 76,995 302,557
15,103 4,778 12,949 4,098 108,596
$ 15,103 $ 4,778 $12,949 $ 4,098 $108,596
-53-
CITY OF WICHITA FALLS, TEXAS Exhibit H-3
Page 3 of 3
Trust And Agency Funds
Combined Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1973
Page 3 Intergovernmental Solid
Totals Personnel Waste
Forward Grant Demonstration
Balances, September 30, 1972- Cash in
Bank - Demand Deposits $ 56,450 $ -0- $ -0-
Receipts:
Other Funds-Payroll and Related
Property Taxes
Federal and State Grants 282,740 12,175 109,471
Contributions By Other Funds 35,801 517 71
Advances-Other Funds 28,400
Contributions-Others 7,762
Federal Shared Revenue
Interest Income, Etc.
Other
354,703 12,692 109,542
411,153 12,692 109,542
Disbursements:
Accounts Payable 13,593
Due To Other Funds 5,371
Payroll and Related
Taxes Collected For City Funds
Taxes Collected For Other Governmental Units
Project Expenditures 241,853 8,348 75,441
Other 41,740
302,557 8,348 75,441
Balances, September 30, 1973:
Cash in Bank:
Demand Deposits 108,596 4,344 34,101
Certificates of Deposit
$108,596 $ 4,344 $ 34,101
-54-
CITY OF WICHITA FALLS, TEXAS Exhibit H-3
Page 3 of 3
Trust And Agency Funds
Combined Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1973
Narcotics Crime Park
Intelligence Prevention Topics Improvement Other
Grant Grant Grant Grants Grants
$13,835 $ -0- $ 9,592 $16,400 $16,623
32,068 14,523 77,694 9,055 27,754
25,255 4,908 5,050
1,500 26,900
6,300 1,462
58,823 19,431 77,694 42,255 34,266
72,658 19,431 87,286 58,655 50,889
13,593
5,300 71
62,229 17,188 28,310 40,601 9,736
40,000 1,740
67,529 17,188 68,310 40,601 25,140
5,129 2,243 18,976 18,054 25,749
$ 5,129 $ 2,243 $18,976 $18,054 $25,749
-54-
GENERAL FIXED ASSETS
CITY OF WICHITA FALLS, TEXAS Exhibit I-1
General Fixed Assets
Balance Sheet
September 30, 1973
Assets
Land, Streets and Land Betterments $29,893,262
Buildings and Improvements 4,184,523
Furniture and Fixtures 639,850
Machinery and Equipment 2,858,450
Motor Vehicles 1,568,540
Construction In Progress 1,328,642
Total $40,473,267
Investments In General Fixed Assets
Fixed Assets Acquired Prior To September 30, 1964 $20,867,993
Fixed Assets Provided By General Fund 4,110,553
Fixed Assets Contributed 1,378,085
Fixed Assets Provided By Capital Projects Funds 13,925,756
Fixed Assets Provided By Federal Grant Funds 190,880
Total $40,473,267
-55-
CITY OF WICHITA FALLS, TEXAS Exhibit I-2
General Fixed Assets
Statement Of Additions And Deletions-By Department
For The Year Ended September 30, 1973
Beginning Ending
Department Balances Additions Deletions Balances
Mayor and Board of Aldermen $ 4,459 $ 830 $ 5,289
General Administration 16,692 3,118 19,810
Legal and City Clerk 20,862 621 21,483
Personnel 7,330 1,604 8,934
Data Processing 20,043 15,332 35,375
Library 730,366 75 730,441
Health 1,026,370 6,872 $ 3,160 1,030,082
Finance 10,416 561 10,977
Tax 39,074 4,724 2,544 41,254
Municipal Court 17,787 763 18,550
Public Safety 35,142 3,634 2,293 36,483
Police 874,185 88,267 43,041 919,411
Fire 1,152,941 5,242 350 1,157,833
Fire Marshal 13,252 2,726 10,526
Animal Control 24,953 2,648 1,614 25,987
Engineering 63,578 11,784 8,654 66,708
Inspection 16,364 16,364
Property Agent 5,342 2,894 2,079 6,157
Street Maintenance 26,366,345 138,160 9,849 26,494,656
Sanitation 1,037,893 146,511 10,523 1,173,881
Parks 2,289,970 115,927 15,596 2,390,301
Golf 147,043 6,370 7,782 145,631
Cemetery 31,747 3,191 4,065 30,873
Planning 7,626 3,100 377 10,349
Traffic Engineering 913,655 3,947 917,602
Street Lighting 10,000 10,000
Parking Meters 101,611 2,104 2,687 101,028
Information Center 5,030 299 5,329
Auditorium Services 43,144 4,972 48,116
Purchasing 3,829 300 3,529
Central Garage 162,246 8,721 6,346 164,621
Building Maintenance 1,349,953 5,670 2,446 1,353,177
WCID #1 3,315,212 3,315,212
WCID #2 19,235 19,235
Men's Recreational Building 128,063 128,063
Totals $40,011,758 $587,941 $126,432 $40,473,267
-56-
CITY OF WICHITA FALLS, TEXAS Exhibit I-3
General Fixed Assets
Statement Of General Fixed Assets By Category
September 30, 1973
Land, Streets Buildings
And Land And
Department Total Betterments Improvements
Mayor and Board of Aldermen $ 5,289
General Administration 19,810
Legal and City Clerk 21,483
Personnel 8,934
Data Processing 35,375
Library 730,441 $ 5,202 $ 302,410
Health 1,030,082 69,766 791,252
Finance 10,977
Tax 41,254
Municipal Court 18,550
Public Safety 36,483
Police 919,411 29,472 532,106
Fire 1,157,833 129,349 515,970
Fire Marshal 10,526
Animal Control 25,987 1,091 11,800
Engineering 66,708 188 864
Inspection 16,364
Property Agent 6,157
Street Maintenance 26,494,656 24,502,900 99,916
Sanitation 1,173,881 38,632 33,512
Parks 2,390,301 1,711,174 298,406
Golf 145,631 4,466 93,059
Cemetery 30,873 11,005
Planning 10,349
Traffic Engineering 917,602 14,429
Street Lighting 10,000
Parking Meters 101,028 36,807
Information Center 5,329
Auditorium Services 48,116
Purchasing 3,529
Central Garage 164,621 50,000 41,845
Building Maintenance 1,353,177 32,534 1,297,069
WCID #1 3,315,212 3,264,872 11,886
WCID #2 19,235 2,380 15,360
Men's Recreational Building 128,063 128,063
Totals $40,473,267 $29,893,262 $4,184,523
-57-
CITY OF WICHITA FALLS, TEXAS Exhibit I-3
General Fixed Assets
Statement Of General Fixed Assets By Category
September 30, 1973
Furniture Machinery Construction
And And Motor In
Fixtures Equipment Vehicles Progress
$ 4,288 $ 1,001
5,820 3,679 $ 10,311
17,855 3,628
4,033 2,635 2,266
5,476 27,649 2,250
417,337 5,492
47,086 106,669 15,309
5,861 5,116
15,181 16,289 9,784
7,586 6,215 4,749
506 30,936 5,041
31,904 166,630 159,299
16,933 85,482 410,099
628 3,531 6,367
188 4,052 8,856
6,476 28,617 30,563
2,470 4,115 9,779
1,134 2,129 2,894
1,212 514,592 138,275 $1,237,761
3,280 515,392 583,065
9,422 218,127 62,291 90,881
1,924 37,618 8,564
1,332 13,845 4,691
4,703 2,547 3,099
7,023 853,574 42,576
10,000
791 51,865 11,565
1,864 1,292 2,173
4,378 43,738
1,633 1,896
2,986 40,254 29,536
8,540 11,122 3,912
38,454
269 1,226
$639,850 $2,858,450 $1,568,540 $1,328,642
-57-
GENERAL BONDED DEBT
CITY OF WICHITA FALLS, TEXAS Exhibit J-1
General Long - Term Debt
Balance Sheet
September 30, 1973
Debits
Amounts Available for Retirement of Serial Bonds
(Exhibit J-2) $ 107,014
Amounts To Be Provided For Retirement Of
Serial Bonds 26,166,371
Total $ 26,273,385
Credits
Interest Payable - General Obligation Bonds
(Exhibit L-9) $ 5,920,385
General Obligation Bonds Payable - Serial
Bonds (Exhibit L-9) 20,353,000
Total $ 26,273,385
-58-
CITY OF WICHITA FALLS, TEXAS Exhibit J-2
General Long - Term Debt
Schedule Of Amounts Available In Debt Service Fund
For Retirement Of Bonds And Interest
September 30, 1973
Cash - Demand Deposits $ 434
Cash - Certificates Of Deposit 96,000
Due From Other Funds 10,580
Total $ 107,014
-59-
TRANSIT SYSTEM FUND
CITY OF WICHITA FALLS, TEXAS Exhibit K-1
Transit System Fund
Balance Sheet
September 30, 1973
Assets
Current Assets:
Cash (Exhibit K-4) $ 4,830
Accounts Receivable 304
Inventory-Bus Parts and Supplies 7,565 $12,699
Plant And Equipment (Exhibit K-3) :
Furniture and Fixtures 135
Machinery and Equipment 10,553
Buses and Motor Vehicles 25,612
Total Plant and Equipment 36,300
Less Accumulated Depreciation (22,679) 13,621
Total $26,320
Liabilities And Retained Earnings (Deficit)
Current Liabilities:
Accounts Payable Trade $ 1,952
Due To Other Funds 31,320 $33,272
Contributions From General Fund 56,000
Retained Earnings (Deficit) (Exhibit K-2) (62,952)
Total $26,320
-60-
CITY OF WICHITA FALLS, TEXAS Exhibit K-2
Transit System Fund
Statement Of Operations And Retained Earnings (Deficit)
For The Year Ended September 30, 1973
Operating Revenues $ 116,913
Operating Expenses:
Salaries and Wages $ 103,202
Social Security 5,889
Employee Retirement Plan 1,699
Employee Insurance 1,980
Gas, Oil and Supplies 15,716
Maintenance 12,794
Utilities and Telephone 3,329
Rent 3,600
Insurance 10,985
Other 1,882 161,076
Net Operating (Loss) Before Depreciation (44,163)
Depreciation Expense (Exhibit K-3) ( 8,025)
Net Operating (Loss) (52,188)
Retained Earnings, September 30, 1972:
As Previously Reported 21,236
To Change Classification of Contributions
From the General Fund (32,000)
As Restated (10,764)
Retained Earnings, September 30, 1973 $ (62,952)
-61-
CITY OF WICHITA FALLS, TEXAS Exhibit K-3
Transit System Fund
Statement Of Plant, Equipment And Depreciation
For The Year Ended September 30, 1973
Plant And Equipment
Balances, Transfer Balances,
Beginning Additions Deletions In (Out) Ending
Furniture And Fixtures $ 135 $ $ 135
Machinery And Equipment 9,434 1,119 10,553
Buses And Motor Vehicles 25,612 25,612
Total $ 35,181 $ 1,119 $ 36,300
-62-
CITY OF WICHITA FALLS, TEXAS Exhibit K-3
Transit System Fund
Statement Of Plant, Equipment And Depreciation
For The Year Ended September 30, 1973
Accumulated Depreciation
Net Plant
Balances , Transfer Balances , And
Beginning Additions Deletions In (Out) Ending Equipment
$ 51 $ 33 $ 84 $ 51
3,355 1,904 5,259 5,294
11,248 6,088 17,336 8,276
$ 14,654 $ 8,025 $ 22,679 $ 13,621
-62-
CITY OF WICHITA FALLS, TEXAS Exhibit K-4
Transit System Fund
Statement of Cash Receipts And Disbursements
For The Year Ended September 30, 1973
Balances, September 30, 1972:
Petty Cash $ 2,895
Demand Deposits 5,701
8,596
Receipts:
Operating Revenues $ 116,913
Contribution by the General Fund 24,000 140,913
149,509
Disbursements:
Accounts Payable Trade 380
Fixed Asset Additions 1,119
Expenditures 143,180 144,679
Balances, September, 30, 1973:
Petty Cash 2,770
Demand Deposits 2,060 $ 4,830
-63-
STATISTICAL SECTION
CITY OF WICHITA FALLS, TEXAS Exhibit L-1
Tax Revenues By Source
Last Ten Fiscal Years
Business
Gross
Fiscal Total Ad Valorem Sales Receipts Occupation
Year Taxes Taxes Taxes Taxes Taxes
1963-64 $3,760,956 $3,480,012 $ -0- $273,009 $7,935
1964-65 4,230,263 3,871,990 -0- 350,130 8,143
1965-66 4,522,141 4,142,392 -0- 372,964 6,785
1966-67 4,859 ,914 4,442,557 -0- 410,148 7,209
1967-68 5,802,415 4,479 ,498 884,386 432,128 6,403
1968-69 6,043,770 4,299,255 1,287,078 450,778 6,659
1969-70 6,590,542 4,743,846 1,350,000 489 ,841 6,855
1970-71 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 7,712,147 5,091,491 1,900,000 713,227 7,429
-64-
CITY OF WICHITA FALLS, TEXAS Exhibit L-2
Property Tax Levies And Collections
Last Ten Fiscal Years
Total Current Per Cent
Fiscal Tax Tax Of Levy
Year Levy Collections Collected
1963-64 $3,502,187 $3,261,334 93.12%
1964-65 3,910,580 3,647,116 93.26%
1965-66 4,166,789 3,900,357 93.61%
1966-67 4,465,061 4,187,744 93.80%
1967-68 4,514,277 4,228,690 93.67%
1968-69 4,299,255 4,125,058 95.95%
1969-70 4,746,379 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%
1972-73 5,149,122 4,982,724 96.77%
-65-
CITY OF WICHITA FALLS, TEXAS Exhibit L-2
Property Tax Levies And Collections
Last Ten Fiscal Years
Delinquent Total Total Collections
Tax Tax As Percent Of
Collections Collections Current Levy
$142,911 $3,404,245 97.20%
133,775 3,780,891 96.68%
142,607 4,042,964 97.03%
159,972 4,347,716 97.37%
122,631 4,351,321 96.39%
166,671 4,291,729 99.82%
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%
-65-
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
1963-64 $180,208,610 $360,417,220 $58,035,400 $116,070,800
1964-65 185,812,260 371,624,520 58,598,980 117,197,960
1965-66 188,449,360 376,898,720 56,655,900 113,311,800
1966-67 189,412.500 378,825,000 57,275,310 114,550,620
1967-68 190,662,810 381,325,620 58,745,285 117,490,570
1968-69 192,499,218 384,998,436 49,515,325 99,030,650
1969-70 195,862,998 391,725,996 51,344,180 102,688,360
1970-71 201,585,330 403,170,660 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
-66-
CITY OF WICHITA FALLS, TEXAS Exhibit L-3
Assessed And Estimated Actual Value of Taxable Property
Last Ten Fiscal Years
Total Ratio Of Total
Assessed Estimated Assessed To Total
Value Actual Value Estimated Actual Value
$ 238,244,010 $ 476,488,020 50.00%
244,411,240 488,822,480 50.00%
245,105,260 490,210,520 50.00%
246,687,810 493,375,620 50.00%
249,408,095 498,816,190 50.00%
242,014,543 484,029,086 50.00%
247,207,178 494,414,356 50.00%
254,400,940 508,801,880 50.00%
263,348,350 526,696,700 50.00%
273,882,418 547,764,836 50.00%
-66-
CITY OF WICHITA FALLS, TEXAS Exhibit L-4
Tax Rates And Tax Levies
1963-1973
Tax Rates Per $100 Valuation
Fiscal WFISD CVISD
Period City School (1) School (2)
1963-64 $1.47 $1.50 $2.00
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
1972-73 1.88 1.86 1.35
Tax Levies
1963-64 $3,502,187 $3,597,045 $61,782
1964-65 3,910,580 3,692,020 71,457
1965-66 4,166,789 3,969,478 70,900
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
1971-72 4,922,000 4,891,188 135,000
1972-73 5,091,491 5,071,376 138,331
(1) WFISD - Wichita Falls Independent School District - 91.79% in
Wichita Falls city limits
(2) CVISD - City View Independent School District - 66.34% in
Wichita Falls city limits
-67-
CITY OF WICHITA FALLS, TEXAS Exhibit L-4
Tax Rates And Tax Levies
1963-1973
Tax Rates Per $100 Valuation
Midwestern
County State University Total
$1.05 $.42 - $6.44
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
Tax Levies
$1,622,663 $476,786 - $ 9,260,463
1,670,192 496,516 - 9,840,765
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
1,997,622 480,890 - 12,207,292
2,081,551 429,072 - 12,458,811
2,180,136 371,610 - 12,852,944
-67-
CITY OF WICHITA FALLS, TEXAS Exhibit L-5
Ratio Of Net General Bonded Debt To Assessed Value
And Net Bonded Debt Per Capita
Last Ten Fiscal Years
Gross
Fiscal Assessed Bonded
Year Population Value Debt**
1963-64 108,525 $ 238,224,010 $ 14,140,000
1964-65 109,225 244,411,240 19,307,000
1965-66 109,500 245,105,260 18,181,000
1966-67 115,300 246,687,810 17,037,000
1967-68 115,340 249,408,095 18,867,000
1968-69 115,500 242,014,543 22,121,000
1969-70 94,976 247,207,178 22,943,000
1970-71 97,300 254,400,940 23,545,000
1971-72 98,500 263,348,350 21,975,000
1972-73 100,400 273,882,418 20,353,000
** Includes Water and Sewer Tax Obligation Bonds
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CITY OF WICHITA FALLS, TEXAS Exhibit L-5
Ratio Of Net General Bonded Debt To Assessed Value
And Net Bonded Debt Per Capita
Last Ten Fiscal Years
Ratio Net
Less Net Bonded Debt Net
Debt Service Bonded To Assessed Bonded Debt
Funds Debt Value Per Capita
$790,059 $13,349,941 5.60% $123.01
637,329 18,669,671 7.63% 170.93
522,940 17,658,060 7.20% 161.26
551,679 16,485,321 6.68% 142.98
423,755 18,443,245 7.39% 159.90
503,725 21,617,275 8.93% 187.16
498,561 22,444,439 9.07% 236.32
457,356 23,087,644 9.08% 237.28
409,201 21,565,799 8.19% 218.94
372,540 19,980,460 7.30% 199.01
•
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CITY OF WICHITA FALLS, TEXAS Exhibit L-6
Statement Of Direct And Overlapping Debt
September 30, 1973
City of Wichita Falls:
General Obligation Debt $20,353,000
Less:
Self Supporting Debt (A) $ 5,215,000
Amount Available for
Debt Service 107,014 5,322,014
Net Debt $15,030,986
Percentage Of
Net Debt Applicable Amount
Debt To City Overlapping
City of Wichita Falls $15,030,986 100.00% $15,030,986
Wichita Falls Independent
School District 17,304,000 96.93% 16,772,767
Wichita County 2,592,000 76.01% 1,970,179
City View Independent
School District 475,000 51.25% 243,438
Burkburnett Independent
School District 818,000 .44% 3,599
Total Direct and
Overlapping Debt $34,020,969
(A) General Obligation Bonds issued for Water and Sewer purposes.
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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
1963-64 $2,107,720 $1,009,751 $1,097,969
1964-65 2,368,775 1,019,441 1,349,334
1965-66 2,637,466 1,021,965 1,615,501
1966-67 2,618,584 1,071,974 1,546,610
1967-68 2,536,938 1,182,898 1,354,040
1968-69 3,069,010 1,307,812 1,761,198
1969-70 3,153,610 1,388,778 1,764,832
1970-71 3,276,049 1,492,801 1,783,248
1971-72 3,295,249 1,524,3.58 1,770,891
1972-73 3,301,637 1,641,288 1,660,349
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CITY OF WICHITA FALLS, TEXAS Exhibit L-7
Schedule Of Revenue Bond Coverage
Water & Sewer Revenue Bonds
Last Ten Years
Average Annual
Debt Service Requirements Times
Principal Interest Total Covered
$224,000 $ 85,824 $309,824 3.54
224,000 81,318 305,318 4.42
376,000 153,827 529,827 3.05
450,000 188,890 638,890 2.42
560,000 233,297 793,297 1.71
566,000 221,636 787,636 2.24
515,238 181,123 696,361 2.53
513,750 170,035 683,785 2.61
511,842 159,160 671,002 2.64
620,833 206,465 827,298 2.01
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CITY OF WICHITA FALLS, TEXAS Exhibit L-8
Schedule Of Revenue Bond Coverage
Airport Revenue Bonds
Last Ten Years
Net Revenue
Fiscal Gross Available For
Year Revenues Expenses Debt Service
* 1963-64 $ 21,533 $ -0- $21,533
1964-65 96,350 37,580 58,770
1965-66 96,980 42,463 54,517
1966-67 94,990 46,181 48,809
1967-68 96,805 50,571 46,234
1968-69 111,148 60,407 50,741
1969-70 117 ,520 63,141 54,379
1970-71 116,116 67,598 48,518
1971-72 118,504 75,235 43,269
1972-73 126,544 90,411 36,133
* Airport Revenue Fund established May 14, 1964 and bonds sold same year.
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CITY OF WICHITA FALLS, TEXAS Exhibit L-8
Schedule Of Revenue Bond Coverage
Airport Revenue Bonds
Last Ten Years
Average Annual
Debt Service Requirements Times
Principal Interest Total Covered
$19,000 $ 8,495 $27,495 -
19,000 8,214 27,214 2.16
20,000 7,919 27,919 1.95
24,000 10,541 34,541 1.41
24,000 10,119 34,119 1.36
24,500 9,673 34,173 1.49
25,000 9,385 34,385 1.58
25,313 8,906 34,219 1.42
25,667 8,413 34,080 1.27
25,714 7,937 33,651 1.07
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CITY OF WICHITA FALLS, TEXAS Exhibit L-9
Schedule of Bonded Debt and Interest Maturities
September 30, 1973
General Obligation Bonds Water And
Serial Interest Total Bonds Serial
Fiscal Bond On And Bond
Period Maturities Bonds Interest Maturities
1974 $ 1,632,000 $ 789,920 $ 2,421,920 $ 650,000
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
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 100,000
$20,353,000 $5,920,385 $26,273,385 $11,175,000
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CITY OF WICHITA FALLS, TEXAS Exhibit L-9
Schedule of Bonded Debt and Interest Maturities
September 30, 1973
Sewer Revenue Bonds Airport Revenue Bonds
Interest Total Bonds Serial Interest Total Bonds
On And Bond On And
Bonds Interest Maturities Bonds Interest Total
$ 439,232 $ 1,089,232 $ 25,000 $ 14,625 $ 39,625 $ 3,550,777
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
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
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
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
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
38,921 368,921 963,486
26,496 356,496 618,808
18,319 268,319 396,382
10,200 110,200 110,200
5,100 105,100 105,100
$ 3,716,375 $14,891,375 $360,000 $110,650 $470,650 $41,635,410
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