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Debt Information Summary 2014-2015DEBT OBLIGATION SUMMARY Entity Name: Type of Entity: Most recently completed fiscal year for which data is available: Total outstanding debt obligations for the most recently completed fiscal year: Total tax-supported debt obligations for the most recently completed fiscal year: Total tax-supported debt obligations expressed as per capita amount for the most recently completed fiscal year: Source and year for population used in per capita calculations: Total revenue-supported debt obligations for the most recently completed fiscal year: Total lease-purchase or lease-revenue obligations for the most recently completed fiscal year: Election Date 11/3/2015 11/3/2015 11/2/2010 11/2/2010 11/2/2010 11/2/2010 11/2/2010 11/2/2010 5/13/2006 5/13/2006 5/13/2006 5/13/2006 5/13/2006 City of Schertz City October 1, 2014 - September 30, 2015 90773244.92 76932192 2031.7494 Schertz EDC - 37,865 13841052.92 182088.49 Proposition Number 1 2 1 2 3 4 5 6 1 2 3 4 5 Purpose Streets, sidewalks Public safety facilities Aquatic Facility Recreational Sports Fields Animal Services Facility Improvements to Downtown Area Fine Arts & History Center Open Air Event Facility New Library Facility New Recreation Center Streets, sidewalks, & drainage Drainage Improvements & land New athletic fields & facilities Amount 7000000 8000000 6625000 6000000 2250000 1000000 1450000 5100000 6000000 7500000 20000000 4000000 1500000 Status Approved Approved Approved Approved Approved Approved Defeated Defeated Approved Approved Approved Approved Defeated Glossary Bond Capital Improvements Capital Outlay Certificates of Obligation Debt Service Delinquent Taxes Effective Tax Rate Expenditure Expense Fiscal Year Fixed Assets Fund Fund Balance Fund Equity General Obligation Bonds Governmental Fund I&S Interest & Sinking Fund Interfund Transfers Liability Ordinance Resolution Retained Earnings Revenue Bonds Tax Base Tax Levy Tax Rate Tax Roll Taxes Unencumbered Balance Are a long term debt issued by the City to pay for large capital projects such as buildings, streets, and water/sewer system improvements. Expenditures for the construction, purchase, or renovation of City facilities or property. Purchase of property or equipment greater than $5,000 which will be added to the City's fixed assets. Tax supported bonds similar to general obligation bonds and can be issued after meeting strict publication requirements and council approval. Payments on debt made up of principle and interest following a set schedule. Property taxes remaining unpaid after the due date. Delinquent taxes incur penalties and interest at rates specified by law. The rate that would produce the same amount of property taxes from the properties on the previous year's tax rolls. Any payment made by the City. Any reduction in Fund Balance. The time period designated by the City signifying the beginning and ending period for recording the financial transactions of the City. The City of Schertz' fiscal year begins each October 1st and ends the following September 30th. Assets of a long-term character which are intended to be held or used, such as land, buildings, machinery, furniture, and equipment. A fiscal and accounting entity established to record receipt and disbursement of income from sources set aside to support specific activities or to attain certain objectives. Each fund is treated as a distinct fiscal entity where assets equal liabilities plus fund balances. The difference between fund assets and fund liabilities of governmental and trust funds. The difference between assets and liabilities of any fund. A municipal bond backed by property taxes Funds, or specific groups of revenues and expenses, including the General Fund, Special Revenue Funds, Capital Project Funds, and Debt Service Funds. Interest and Sinking - The portion of the property tax that goes to pay debt issued by the City See Debt Service Fund. Transfer made from one City fund to another City Fund for the purpose of reimbursement of expenditures, general and administrative services, payments-in-lieu of taxes, or debt service. Debt or other legal obligations arising out of transactions in the past that must be liquidated, renewed, or refunded at some future date. The term does not include encumbrances. A formal legislative enactment by City Council. A special or temporary order of the City Council. Requires less formality than an ordinance. An equity account reflecting the accumulated earnings of a proprietary fund. Bonds whose principal and interest are payable exclusively from earnings of a proprietary fund. The total net taxable value after exemptions of all real and personal property in the City. The result of multiplying the ad valorem property tax rate per one hundred dollars times the tax base. The rate applied to all taxable property to general revenue. The City's tax rate is comprised of two components; the debt service rate, and the maintenance and operations (M&O) rate. The official list showing the amount of taxes levied against each taxpayer or property. See also Tax Base. Compulsory charges levied by a government to finance services performed for a common benefit. The amount of an appropriation that is not expended or encumbered. It is essentially the amount of money still available for future purchases. Links: Link to Texas Comptroller of Public Accounts Debt at a Glance tool: Link to Bond Review Board Local Government debt data: Link to Local Elected Official contact information: http://www.texastransparency.org/Special_Features/Debt_at_a_Glance/Texas.php http://www.brb.state.tx.us/local_debt.aspx http://schertz.com/?page_id=406 DESCRIPTION GENERAL OBLIGATION BONDS, SERIES 2006 GENERAL OBLIGATION BONDS, SERIES 2006 GENERAL OBLIGATION BONDS, SERIES 2007 GENERAL OBLIGATION BONDS, SERIES 2008 GENERAL OBLIGATION AND REFUNDING BONDS, SERIES 2009 TAX NOTE, SERIES 2010 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2010 GENERAL OBLIGATION BONDS, SERIES 2011 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2011 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2011-A GENERAL OBLIGATION BONDS, SERIES 2012 TAX NOTE, SERIES 2013 TAX NOTE, SERIES 2013A GENERAL OBLIGATION REFUNDING BONDS, SERIES 2013 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2014 TAX NOTES, SERIES 2015 Tax-Supported Debt UTILITY SYSTEM REVENUE/REFUNDING BONDS, SERIES 2001 CERTIFICATES OF OBLIGATION, SERIES 2003 CERTIFICATES OF OBLIGATION, SERIES 2004 CERTIFICATES OF OBLIGATION, SERIES 2005 COMBINATION TAX AND LIMITED PLEDGE REVENUE CERTIFICATES OF OBLIGATION, SERIES 2007 COMBINATION TAX AND LIMITED PLEDGE REVENUE CERTIFICATES OF OBLIGATION, SERIES 2013 Revenue-Supported Debt AMOUNT OUTSTANDING SEPT 30, 2011 22131085.77 0 6803417 12539851.75 13130717.5 1334460 3280075 0 0 0 0 0 0 0 0 0 59219607.02 3331091.34 1765835 7794876.88 3293544.46 9079022 0 25264369.68 SEPT 30, 2011 PER CAPITA 659.7629 0 202.82068328166 373.832928392559 391.447576317672 39.7823753875507 97.7842535177677 0 0 0 0 0 0 0 0 0 0 1765.43068864775 87.9728 46.6350191469695 205.859682556451 86.9812349135085 239.773458338835 0 667.222228443153 AMOUNT OUTSTANDING SEPT 30, 2012 21382104.51 0 6379495.75 11805172.75 12285080 999987.5 2957425 13622806.25 2681425 7601366.25 0 0 0 0 0 0 79714863.01 0 213832.5 331906.25 3058181.95 8243923.5 0 11847844.2 SEPT 30, 2012 PER CAPITA 619.7891 0 184.918280240007 342.188838806922 356.099597089771 28.9859851010174 85.7249485492333 394.875394938984 77.7247166584539 220.335843067915 0 0 0 0 0 0 0 2310.64271457144 0 5.64723359302786 8.76551564769576 80.7654020863594 217.71883005414 0 312.896981381223 AMOUNT OUTSTANDING SEPT 30, 2013 20539123.25 0 5954935.5 11071084.5 11447130 666222.5 2630300 13055568.75 2342450 7378285.25 9555693.14 0 0 0 0 0 84640792.89 0 0 0 2823150.69 7406080.5 0 10229231.19 SEPT 30, 2013 PER CAPITA 571.6586 0 165.741754571516 308.137841298116 318.6041916001 18.5427509811016 73.2082718695204 363.371336524813 65.1966378134654 205.357378440814 265.960453672521 0 0 0 0 0 0 2355.77925603273 0 0 0 74.5583174435495 195.591720586293 0 270.150038029843 AMOUNT OUTSTANDING SEPT 30, 2014 0 6417385.76 5530143.25 10308826 10542930 334207.5 2299550 12487531.25 2004175 6618184.5 9051409.38 693932.5 661867.5 2445018 11913809.44 0 81308970.08 0 0 0 2588819.43 6566495.5 6138706.25 15294021.18 SEPT 30, 2014 PER CAPITA 0 175.929647723223 151.60630671382 282.611673109082 289.029525454396 9.16214326836088 63.0410943882446 342.339864846342 54.9435260575157 181.434451846369 248.140180935932 19.0238369383447 18.1447898675878 67.0290319927626 326.611548098802 0 0 2229.04762124078 0 0 0 68.3697195299089 173.418605572428 162.120856991945 403.909182094282 AMOUNT OUTSTANDING SEPT 30, 2015 0 5862967 5105526 9574120 9709130 0 1971025 11918093.75 1661700 5877355 8549966.25 521390 494522.5 2217321.5 11505487.5 1963587.5 76932192 0 0 0 2350488.17 5726171 5764393.75 13841052.92 SEPT 30, 2015 PER CAPITA 0 154.83869008319 134.834966327743 252.848804965007 256.414366829526 0 52.0540076587878 314.752244817113 43.8848540868876 155.218671596461 225.801300673445 13.7697081737753 13.0601478938334 58.5586029314671 303.855473392315 51.8575861613627 2031.74942559092 0 0 0 62.0754831638717 151.225960649676 152.235408688763 365.536852502311 Tax-Support and Revenue-Supported Debt (in Millions) Fiscal Year 2011 2012 2013 2014 2015 Fiscal Year 2011 2012 2013 2014 2015 Note: The inflation adjustement above uses inflation adjustment uses the Consumer Price Index (CPI) published by the Bureau of Labor Statistics (BLS). Please visit the BLS' website to use their CPI Inflation Calculator or to download CPI Datasets. CPI Inflation Calculator: http://www.bls.gov/data/inflation_calculator.htm CPI Databases: http://www.bls.gov/cpi/#data Tax-Supported Debt 59.21960702 79.71486301 84.64079289 81.30897008 76.932192 Tax-supported Debt per Capita 1765.43068864775 2310.64271457144 2355.77925603273 2229.04762124078 2031.74942559092 Revenue-Supported Debt 25.26436968 11.8478442 10.22923119 15.29402118 13.84105292 Population 33544 34499 35929 36477 37865 CPI Multiplier (Inflation Adjustment to 2015 Dollars) ) 1.053694557 1.032330984 1.017428109 1.001186976 1 Inflation-Adjusted Tax-supported Debt per Capita 1860.22470738889 2385.34806720596 2396.83603368681 2231.69344727005 2031.74942559092 Department Dept: 101-174 Dept:101- 257 Dept: 101-460 Dept: 101-853 Equipment HP Plotter Monitor Defibriliators 2-Jacobsen 4WD Mowers VCX Phones System PO Number PO# 16-82964 PO# 16-83891 PO# 16-81946 PO# 16-87305 Vendor Hewlett Packard Finance US Bank Equipment Wells Fargo Financial Hewlett Packard Finance Contract 8596 67451.4 144919.68 169859 Balance FY2015 8596 37161.78 99632.28 36698.42 182088.48 10/1/2015 1316.94 3019.16 3170.49 Balance as of 09/30/2015 11/1/2015 1316.94 3019.16 3170.49 12/1/2015 520.95 1316.94 3019.16 3170.49 1/1/2016 173.65 1316.94 3019.16 3170.49 2/1/2016 1316.94 3019.16 3170.49 3/1/2016 347.3 1316.94 3019.16 3170.49 4/1/2016 347.3 1316.94 3019.16 3170.49 5/1/2016 1316.94 3019.16 3170.49 6/1/2016 347.65 3170.49 7/1/2016 8/1/2016 9/1/2016 Balance 6859.15 26626.26 75479 8164.01 0