CAFR FY 1990-91CITY OF SCHERTZ, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED SEPTEMBER 30, 1991
i
CITY OF SCHERTZ, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED SEPTEMBER 30, 1991
CITY OFFICIALS
MAYOR Earl W. Sawyer
CITY COUNCIL J•Je Potempa, Mayor Pro -Tem
Harold D. Baldwin
Kenneth Greenwald
Mary Marsh
Barbara Stanhope
CITY MANAGER Kerry R. Sweatt
INDEPENDENT AUDITORS
Leal, Carter & Rocha, P.C.
OFFICIALS ISSUING REPORT
Kerry R. Sweatt
City Manager
Debra Kline
Finance Director
ii
CITY OF SCHERTZ, TEXAS
' COMPREHENSIVE ANNUAL FINANCIAL REPORT
tFOR THE YEAR ENDED SEPTEMBER 30, 1991
TABLE OF CONTENTS
1
Page No.
INTRODUCTORY SECTION
'
Letter of Transmittal
vii -xv1
Organization Chart
xvii
'
GFOA Certificate of Achievement
xviii
FINANCIAL
SECTION
!Independent Auditors' Report
1
'
General Purpose Financial Statements
Combined Balance Sheet - All Fund Types
'
and Account Groups
3-8
Combined Statement of Revenues, Expenditures
and Changes in Fund Balances - All
Governmental Fund Types
9 -12
Combined Statement of Revenues, Expenditures
and Changes in Fund Balances - Budget and
Actual - General and Debt Service Fund Types
13 -16
Combined Statement of Revenues, Expenses
and Changes in Retained Earnings
All proprietary Fund Types
17 -18
Combined Statement of Cash Flows
- All Proprietary Fund Types
19 -21
Notes to the Financial Statements
22 -42
a
111
Page No.
Supplemental Information
Combining, Individual Fund and Account Group
Statements and Schedules:
General Fund:
Comparative Balance Sheets
45
Comparative Statements of Revenues,
Expenditures and Changes in Fund Balances
46
Comparative Statements of Revenues,
Expenditures and Changes in Fund Balances -
Budget and Actual
47 -50
Debt Service Fund:
Comparative Balance Sheet
52
Comparative Statements of Revenues,
Expenditures and Changes in Fund Balances
53
Comparative Statements of Revenues,
Expenditures and Changes in Fund Balances -
Budget and Actual
54
Capital Projects Funds:
Comparative Balance Sheet
56
Comparative Statement of Revenues,
Expenditures and Changes in Fund Balances
57
Enterprise Funds:
Combining Balance Sheet
59 -61
Combining Statement of Revenues, Expenses and
Changes in Retained Earnings
62 -63
Combining Statement of Cash Flows
64 -66
iv
I
I
I
I
I
11
I
Table Page
No. No,
General Fixed Assets Account Group:
Comparative Schedule of General
Fixed Assets - By Source
68
Schedule of General Fixed Assets -
By Function and Activity
69 -70
STATISTICAL SECTION
General Government Expenditures by Function
1
72
General Government Revenues by Source
2
73
Property Tax Levies and Collections
3
74
Assessed and Estimated Actual Value of
75
Property
4
Property Tax Rates - Direct and Overlapping
Governments
5
76
Ration of Net General Obligation Bonded
Debt to Assessed Value and Net General
obligation Bonded Debt Per Capita
6
77
Computation of Direct and Overlapping Debt
7
78
Legal Debt Margin
8
79
Ratio of Annual Debt Service Expenditures
for General Obligation Bonded Debt to
Total General Expenditures - Last Ten
Fiscal Years
9
80
Revenue Bond Coverage
Water and Sewer Fund Schedule of Total
Operating Expenses Before Depreciation
and Debt Service Requirements - Last
Ten Fiscal Years
10 -1
81 -82
Waterworks and Sewer System Fund Revenue
Bond Requirements and Restricted Funds
10 -2
83 -84
V
Table Page
No. No.
Demographic Statistics - Last Ten Fiscal
Years 11 85
Property Value, Construction, and Bank
Deposits - Last Ten Fiscal Years 12 86 -87
Principal Taxpayers 13 88
Miscellaneous Statistics 14 89 -90
vi
I
I
E
I
I
I
I
I
INTRODUCTORY SECTION
w�m 1400 SCHERTZ PARKWAY "� " ■
P. O. DRAWER 1
sCHERTZ, TEXAS 78154 -0890
AC (512) 658 -5321 KERRY R. SWEATT ,
FAX # (512) 659 -3204 QTY MANAGER
I
February 16, 1992 '
To the Citizens of the City of Schertz
The comprehensive annual financial report of the City of
Schertz, Texas, (The City) for the year ending September 30,
'
1991 is submitted herewith. Responsibility for both the
accuracy of the presentation including all disclosures rests
with the City. The data, as presented, is accurate to the best
,
of our ability in all material aspects. The report is
presented in a manner designed to set forth the financial
position of the City and a review of various funds. We have
attempted to provide all disclosures necessary to enable the
reader to gain maximum understanding of the City's financial
activity.
This letter and accompanying report include the following
subsections:
1. Introduction - Included with this letter of transmittal
,
is our Table of Organization, comments regarding economic
conditions and outlook, major occurrences of FY 90 -91,
and major initiatives for FY 91 -92.
,
1
I
11
Vii
2. Financial - This section consists of: The Independent
Auditors Report, General Purpose Financial Statements
including combined balance sheets and combined statements
of revenue and expenditures and changes in fund balance,
notes to financial statements, and individual fund
statements and account group with supplemental
statements. Within information contained in this section
1 is a review of the accounting system, and controls and
includes commentary thereto.
This report includes all funds and account groups of the City
of Schertz. The City provides a full range of services
' specific improvements/ additions to the Library outside City
resources. The Schertz Volunteer Fire Department Board has not
met the criteria for inclusion in the reporting entity, and
Iaccordingly, are excluded from this report.
lJ
I
I
viii
including:
police and fire
protection; water and sewer
'
services:
waste collection;
code enforcement;
comprehensive
planning;
street maintenance;
recreational
activities and
cultural events. While the
Schertz Public
library is an
'
operating
department of City
government, the
Library Board
serves as
an advisory board
and maintains a
small amount of
funds, derived from private
sources, as a
means to fund
' specific improvements/ additions to the Library outside City
resources. The Schertz Volunteer Fire Department Board has not
met the criteria for inclusion in the reporting entity, and
Iaccordingly, are excluded from this report.
lJ
I
I
viii
I
ECONOMIC CONDITION AND OUTLOOK
I
The City is located near the center of the San Antonio standard
statistical metropolitan area which continues to rank as one of
the highest tourist attraction areas in the Southwest. While
the economic condition and outlook of the area has decreased
from that of the "boom" land development times of 1985 and
1986, attributable to a general decline in the State of Texas
economy, the overall outlook is positive.
CURRENT YEAR PROJECTS
,
With a renewed interest in economical development initiatives,
a revised organization to target new development opportunities
'
as well as enhance existing businesses was established. We
believe a major improvement in the community economy will be
felt within the next three to five years. A positive outlook
is shared by all persons involved in the community's Economic
'
Development Task Force activities. The City is currently
working with several substantial prospects to relocate to the
area. One of the major strengths of the City is an abundance
'
of land available for development along the San Antonio /Austin
corridor of I -35 and similarly available land for development
along the corridor between Houston /San Antonio of IH -10.
MAJOR INITIATIVES
During the coming year we believe the City will benefit from
'
the generally positive outlook. The real estate market appears
to be "bottoming," and our increased efforts in the area of
economic development are cause for optimism. Renewed interest
'
and emphasis in community development in the form of revisions
to the city's comprehensive plan further enhance that sense of
optimism.
,
I
I
I
11
ix
The clear establishment of goals and objectives within the
comprehensive plan initiative reflect the positive longer term
outlook as well. Specific initiatives, include: increased
emphasis and awareness of code enforcement activities,
, increased emphasis on public information programs and the
encouragement of greater citizen participation. As part of the
effort to increase citizen involvement, the City created the
Visions Program. This program provides a forum for citizens
views on what the nature of the City will be up to twenty years
from now.
' Accomplishments during FY 90 -91 include substantial upgrading
of our data processing system, and implementation of a fleet
vehicle maintenance program. These programs are designed as
productivity enhancement measures. Finally, the fruition of
many prior years activity in the expansion of IH -35 and F.M.
3009, will provide major improvements to our local roadway
infrastructure and stimulate additional economic activity by
improved traffic flow. In addition, the City created the
Schertz Development Foundation as an alternative source of
' funding for economic development activity. The Foundation is
not expected to have an immediate impact, however, as funding
levels grow and activity commences, the Foundation will place
the City in a position to be a positive economic influence on
future development. As of this writing, the Internal Revenue
Service has determined the Foundation purposes are charitable
and lessen the burden of government, and has awarded the
Foundation tax exempt status.
FINANCIAL INFORMATION
The City's accounting records for general governmental
operations are maintained on a modified accrual basis, with
revenues being recognized when they become both measurable and
available and expenditures being recognized when the services
or goods are received and the liabilities are incurred.
Accounting records for the City's utilities and other
enterprises are maintained on the accrual basis of accounting.
In developing and altering the City's accounting systems,
consideration has been given to the adequacy of internal
accounting controls. Internal accounting controls have been
designed to provide reasonable assurance regarding:
* The safeguarding of assets against loss from unauthorized
use or disposition ::nd
' * The reliability of financial records for preparing
financial statements and maintaining accountability for
assets.
J
X
The concept of reasonable assurance recognizes that: ,
* The cost of a control should not exceed the benefits
likely to be derived and,
* The evaluation of costs and benefits required estimates
and judgments by management. ,
All internal control. evaluations occur within the above
framework. The City's internal accounting controls adequately
,
safeguard assets an-1 provide reasonable assurance of proper
recording of financial transactions.
'
Budgetary control is maintained by the use of purchase order
procedures that require encumbrance of the estimated purchase
amounts prior to the release of purchase orders to vendors.
,
Open encumbrances, if any, are reported as reservations of fund
balance at September 30, 1991.
General Governmental Functions. Revenues which include
,
General, Special Revenue, Debt Service and Capital Projects for
general governmental function totaled $2,449,966 in 1991, an
increase of 11.1% from 1990. Taxes produced 71.3% of general
'
revenues compared to 69.8% last year. The amount of revenues
from various sources and the increase/ decrease from last year
are shown in the following tabulation:
'
Percent Increase
of (Decrease)
Amount Total From 1990
,
Taxes (property, sales, etc.) $ 1,746,053 71.3% $ 206,026
,
Licenses and permits 43,826 1.8% 1,632
Charges for Services 276,508 11.3% 25,368
Fines and forfeits 201,512 8.2% (15,799)
Other revenues 182,067 7.4% 27,210
,
$_2_449_966 100_0 $_244_437
.1
1
Xi
As reflected in the finqZcial statements, general fund revenues
have generally increase 'with ad valorem taxes, which increased
' as a result of a tax rate increase of 5.06 cents per $100.
value being one of the most significant areas. Other major
fluctuations include: a decrease in construction permit related
items due to a slow down in single family home construction,
' provisions for county payment for Library services and
recognition of reimbursements for continuing drug enforcement
program. GeW,6rai Fund expenditures have increaxsed in a number
' of areas including overall personnel costs resulting from a
merit increase averaging 2.58, extraordinary increases
in all areas of insurance premiums resulted from State -wide
experience modification. A number of individual departments
L show a major shift in expenditures from the previous year as a
result of a systematic plan to realign expenditures to more
accurately reflect actual cost for specific functions and
' demonstrate true cost centers by activity or function.
I
I
I
I
xii
Expenditures. For general
governmental
purposes,
expenditures
totaled $2,523,977, ,a decrease of 3.98
from 1990;
Changes in
levels of expenditures for
major functions of the City
over the
preceding year are shown in
the following
tabulation:
Percent
Increase
of
(Decrease)
Function
Amount
Total
From 1990
General Government
$ 659,815
26.2%
$ 5,806
Public Safety
836,031
33.1%
39,208
1
Streets and Parks
342,974
13.6%
15,177
Health Services
65,816
2.6%
9,666
'
Recreation
Economic Development
151,052
20,995
6.0%
.8%
20,313
12,107
Capital Outlay
182,922
7.2%
(282,596)
Debt Service
264,372
10.5%
77,610
$2,523,277
---- - - - - --
----------
100.0
- - - --
- - - --
$(102,709)
--- - - - - --
--- - - - - --
As reflected in the finqZcial statements, general fund revenues
have generally increase 'with ad valorem taxes, which increased
' as a result of a tax rate increase of 5.06 cents per $100.
value being one of the most significant areas. Other major
fluctuations include: a decrease in construction permit related
items due to a slow down in single family home construction,
' provisions for county payment for Library services and
recognition of reimbursements for continuing drug enforcement
program. GeW,6rai Fund expenditures have increaxsed in a number
' of areas including overall personnel costs resulting from a
merit increase averaging 2.58, extraordinary increases
in all areas of insurance premiums resulted from State -wide
experience modification. A number of individual departments
L show a major shift in expenditures from the previous year as a
result of a systematic plan to realign expenditures to more
accurately reflect actual cost for specific functions and
' demonstrate true cost centers by activity or function.
I
I
I
I
xii
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 for municipal
management, citizens, and investors. Bonded debt data for the
City of Schertz at the end of 1991 fiscal year were as follows:
Net Bonded Debt
General Obligation Bonds
Revenue Bonds
7,mount _
$ 715,3C0
Ratio of Debt
To Assessed
Value (100%)
Of Present
Market
Debt Per
Capita
.26 % $ 65.62
Moody's
Investors
Service
Baa -1
A
Property Taxes. Current tax collections are 101.1% of the tax
levy. This is the fifteenth consecutive ygear in which current
property". ax cb41#ett ;hsVe. excebtiel 96141 The ratio of total
collections (current and delingtient) to the current tax levy
was 7.8 %. Allocations of property tax levy by purpose for
1991 and the preceding two fiscal years are as follows (amounts
per $100 assessed value):
1991 1990 1989
Purpose
General Fund .3063 .2706 .2153
General Obligation Debt .0626 .0477 .0423
.3689 .3183 .2576
xiii
I
I
J
I
I
1
I
1
I
1
Cash Management. Cash temporarily idle during the year was
invested in short term time deposits. The interest earned on
such deposits during the year was $ 142,053, a decrease of
37 x_611 int sst. rraa4,,. on, temporary investments during 1990.
e *image 3s at rib`uiable to the Tb*ef 1 air eeA i'1 interest rate
available. Bank deposits and certificates of deposits are
secured by governmental securities pledged by Schertz Bank and
Trust and held in safe keeping by Frost Bank.
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
Enterprise Funds. As of September 30, 1991, the general fixed
assets of the City amounted to $ 9,531,905. This amount
represents the original cost, or an estimate of the original
cost of the assets. Depreciation of general fixed assets is
not recognized in the City's accounting system. Refer to notes
1(I) and 5 to the financial statements.
The City is self insured on physical damage to specific
vehicles. In order to provide coverage for this, risk funds
are designated in the general fund with a balance of $45,000 at
September 30, 1991.
Water and Sewer System. During the fiscal year ended September
30, 1991, net revenues in the water -sewer system decreased.
The coverage ratio of 3.0% continues to meet the revenue bond
debenture agreement requirement that net revenues be at least
1.5 times the average annual debt requirement. Net revenues,
is an amount derived in accordance with the bond indenture
agreement. Comparative data for the past two fiscal years is
presented below:
Total operating revenue
Operating income (gross revenues
less operating expenses)
Net revenues (operating income
plus depreciation less solid
waste revenues)
Average annual debt requirements
Coverage ratio
Xiv
1991
$1,515,854
29,946
332,307
110,914
3.0
1990
$1,557,554
98,812
421,969
191,875
2.1990
IJ
During the year, $80,000 of regularly maturing revenue bonds
and $55,000 in certificates of obligation and $3,000 in Public ,
Facility Bond from HUD were retired in the Water and Sewer
Fund.
Schertz Area Facility for Emergency Services (SAFES). During
the fiscal year ended September 30, 1991, SAFES increas.i m
revenue 15.7 and increased operating expenses by.-,, 11.1t
SAFES is fully dependent on income fees generated from services
rendered and the contracted cities' support to cover operations
costs. This year of self- supporting operation, SAFES had an
operating income before depreciation of $3,883.
OTHER INFORMATION i
Awards. The Government Finance Officers Association of the
United States and Canada (GFOA) awarded a Certificate of
,
Achievement for Excellence in Financial Reporting to the City
for its comprehensive annual financial report for the fiscal
year mead September 30, 1990. The Certificate of Achievement
,
is the highest form of recognition for excellence in State and
Local Government financing reporting.
? In order to be awarded a Certificate of Achievement, a
government unit must publish an easily readable and efficiently
organized comprehensive annual financial report, whose contents
conform to program standards. Such reports must satisfy both
'
generally accepted accounting principles and applicable legal
requirements.
A Certificate of Achievement is valid for a period of one year
only. The City of Schertz has received a Certificate of
Achievement for the last two consecutive years. We believe our
current report continues to conform to the Certificate of
'
Achievement Program requirements, and we are submitting it to
GFOA.
,
The City Council has selected the firm of Leal, Carter and
Rocha, P.C. to perform the independent audit for the FY 1990-
1991. We find the background experience and interest of the
firm will assure the accomplishment of the audit function in an
'
outstanding manner and will provide educational training
opportunities for our staff.
I. Lti
XV
I
I
I
I
I
I
11
I
I
I
1
I
I
I
_1
1
Acknowledgments. I want to extend my thanks to the Mayor and
members of the City Council for their interest and support in
planning and conducting the financial operations of the City in
an effective and efficient manner. Ms. Debra Kline of our
staff and representatives of the audit firm of Leal, Carter &
Rocha, P.C. have provided a high degree of expertise and
assistance for the preparation of the report and I wish to
express my personal thanks and appreciation for their help.
Respectively Submitted,
/.— �'d � P iiduz�
Kerry . Swea
City tZ.n tger
°vi
" �. 4
Deb a Kline
Finance Officer
N�
N�
ASST. CITY NANAGER/ I I ECONOMIC OEVELOPIIENT
PLANNING COORDINATOR 1 - Add sletrativs Rest.
STREETS /PARKS DEPT.
1 - Superintendent
1 - Asst. SuPeriat.
2 - Rorker III
7 - Rorker TI
6 - Rorker I
I - Clerk Dispatcher
1 - Pt Pool Maaper
2 - PT Shift Chiefs
6 - P1 Lifeguards
LIBRARY
1 Llbrarla
2 Cleft$
2 - PT Clerk
1 - Plenolap Secretory
CITY RANAOER I
I - Fisaue Officer
I - FiuAce Clerk
I - Adm. Secretory
I - PT fllencs Clerk
RATER/RASTERATER DEPT. INSPECTION DEPT.
1 - Superiateedent 1 - lenpector
1 - Asst. Suparint. 1 - Aut. Inspector
I - foramen
3 - Serviceman IE
a - Servicemao I
1 - Meter Reader 11
1 - Rotor Render 1 FIEEI SERVICES
I - Appreetles
1 - See /Dispatcher 1 - Aechenle
SAFES
1 - EMS Director
1 - Asst. Director
- EMP Attendants
It- PT Att ndaats
FIRE
1 Fire Chief
S Firemen
1 - PT Fire Inspect.
e - PT F(refiphbre
ANIMAL CONIROL DEP1
1 - Forsass
I - A/C Officer
1 - Shelter Op.
TAX DEPT.
1 - Ten Collector
1 - Tax Clerk
DEPUTY CITY NANAGERMIY SECRETARY
AOHINISTRATION DEPT.
I - Office Benspor/
Dop. City Sec.
1 Amp. Court Clerk
2 - Clark Typist
I - Ascaptienlst
1 - Utility Clark
POLICE DEPT.
1 Police Chief
1 Lleuteasot
I Sergeants
1 - Spt. /Juasile Officer
I Gallant Officer
I - Patrolmen
1 - Office Manager
S - Dispatchers
2 - PT Croeelnp Guilds
R NIICIPAL BUILDING
I - Bldg. NAlot. Sapervller
1 - Custodial
I - PT Cult. Helper
is - Full file foploysse
r =a - p=@e FREW Ml r M M M M M M
t
Certificate of
Achievement
for Excellence
0.
in Financial
1
Reporting
Presented to
City of Schertz,
Texas
I
I
I
1
1
President
ate_ yolrx ✓yMao Fwcudve Director
xviii
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
September 30, 19%
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Govemment Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAFR's) achieve the highest
standards in govemment accounting
and financial reporting.
I
I
I
1
1
President
ate_ yolrx ✓yMao Fwcudve Director
xviii
I
I
1
I
LJ
I
1
1
FINANCIAL SECTION
I
I
n
LEAL, CARTER & ROCHA, P.C.
CERTIFIED PUBLIC ACCOUNTANTS
8002 WEST AVENUE, SUITE 4
SAN ANTONIO. TEXAS 78213 -1 S65
TELEPHONE; (512) 342-3562
FAX: (512) 342.7931
INDEPENDENT AUDITORS' REPORT
MEMBERS.
AMERICAN INSTITUTE OF
CERTIFIED PUBLIC ACCOUNTANTS
1 To the City Council and audit committee of the City of Schertz,
Texas:
I We have audited the accompanying general purpose financial
statements of the City of Schertz, Texas (The City), as of and for
the year ended September 30, 1991, as listed in the table of
contents. These financial statements are the responsibility of
the City's management. Our responsibility is to express an
opinion on these financial statements based on our audit.
'
FRANK J. LEAL C.P.A.
ROBERTO CARTER. C.P.A.
BILL C. ROCHA. C.P.A.
ROBERT V HERRERA
n
LEAL, CARTER & ROCHA, P.C.
CERTIFIED PUBLIC ACCOUNTANTS
8002 WEST AVENUE, SUITE 4
SAN ANTONIO. TEXAS 78213 -1 S65
TELEPHONE; (512) 342-3562
FAX: (512) 342.7931
INDEPENDENT AUDITORS' REPORT
MEMBERS.
AMERICAN INSTITUTE OF
CERTIFIED PUBLIC ACCOUNTANTS
1 To the City Council and audit committee of the City of Schertz,
Texas:
I We have audited the accompanying general purpose financial
statements of the City of Schertz, Texas (The City), as of and for
the year ended September 30, 1991, as listed in the table of
contents. These financial statements are the responsibility of
the City's management. Our responsibility is to express an
opinion on these financial statements based on our audit.
'
We conducted our audit in accordance with generally accepted
auditing standards. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit
'
includes assessing the accounting principles used and significant
estimates made by management, as well the
as evaluating overall
financial statement presentation. We believe that our audit
provides a reasonable basis for our opinion.
In
our opinion, the general purpose financial statements referred
to above present fairly, in all material respects, the financial
position of the City, at September 30, 1991, and the results of
'
its operations and changes in financial position of its
proprietary types for the year then ended, in conformity with
'
generally accepted accounting principles.
Our audit was made for the purpose of forming an opinion on the
general purpose financial statements taken as a whole. The
combining, individual funds, and individual account group
financial statements and schedules are presented for purposes of
additional analysis and are not a required part of the general
purpose financial statements of the City. Such information has
been subjected to the auditing procedures applied in the
examination of the general purpose financial statements and, in
our opinion, is fairly stated in all material respects in relation
to the general purpose financial statements taken as a whole.
February 26, 1992
1
lI
' GENERAL PURPOSE FINANCIAL STATEMENTS
11
1
1
1
1
2
City of Schertz, Texas
Combined Balance Sheet - All Fund Types and Account Groups
September 30, 1991
Governmental Fund Types
---------- -------------------- - - - - --
Special Debt Capital
Assets and other debits General Revenue Service Projects
- - - - -•- -- - - - - -- -- - - - - -- -- - - - - --
Assets:
Cash
$129,123
Certificates of deposit
9,000
Receivables
(net of allowances):
Interest
-
Taxes
61,815
Accounts
-
Due from other funds
99,032
Inventory of supllies,
at cost
12,855
Other Receivables
8,267
Restricted assets
-
Fixed assets (net, where
applicable of accumulated
depreciation)
-
Organization costs (net, where
applicable of accumulated
amortization)
-
Other debits:
Amount available in debt service
fund
Amount to be provided for
retirement of general long
term debt
-
Amount to be provided for
employee long -term
$3,039 $19,700 $54,598
13,897 - 3691295
- - 3,013
12,662 -
15,163 418
compensated absences - - - -
-- - - - - -- - - - - - -- - - - - - -- -- - - - - --
Total assets $320,092 $16,936 $47,525 $427,324
-- - - - - -- - - - - - -- - - - - - -- -- - - - - --
-------- - -- - - -- - - - - - -- -- - - - - --
The accompanying notes are an integral part of these statments.
3
1
1
Proprietary
Totals
Fund Types
Account
Groups
(Memorandum
Only)
General
General
Fixed
Long -Term
Enterprise
----- - - - - --
Assets
- - - - - --
Debt
- - - - - --
1991
- - - - --
1990
- - - - --
$92,549
$ -
$ -
$299,009 Ply"'
$325,861
472,402
-
-
864,594
831,522
151
-
-
3,164
19,527
-
-
-
74,477
81,816
307,990
-
-
307,990
277,374
6,833
-
-
121,446
14,261
59,958
-
-
72,813
68,476
-
-
-
8,267
4,982
1,172,684
-
-
1,172,684
1,148,804
51379,048
9,531,905
-
14,910,953
14,776,752
907 -
907 955
- - (30,759) (30,759) 47,490
- - 1,740,759 1,740,759 1,607,510
69,586 69,586 71,514
$7,492,522 $9,531,905 $1,779,586 $19,615,8W $19,276,844
(Continued)
City of Schertz, Texas
Combined Balance Sheet - All Fund Types and Account Groups
September 30, 1991
Liabilities, equity and
other credits
Liabilities:
Vouchers payables
Note payable
Compensated absences payable
Payable from restricted
assets:
Deposits
Revenue bond
Certificates of obligation
Public facility loan (HUD)
Due to other funds
Accrued vacation and
sick leave
Deferred revenue
General obligation bonds
payable
Revenue bonds payable
Certificates of obligation
payable
Contractual obligations
Public facility loan (HUD)
Accrued interest
Total liabilities
Governmental Fund Types
------------------------------------- - - - - --
Special Debt Capital
General Revenue Service Projects
-- - - - - -- - - - - - -- -- - - - - -- -- - - - - --
$6,788 $ - $ - $ -
7,251 - 65,623 3,136
61,815 - 12,661 -
-- - - - - -- - - - - - -- - - - - - -- - - - - --
$75,854 $ - $78,284 $3,136
-- - - - - -- - - - - - -- - - - - - -- - - - - --
-------- - - - - - -- - - - - - -- - - - - --
The accompanying notes are an integral part of these statments.
5
i
1
1
1
i
i
i
1
i
1
1
i
1
1
Proprietary
Fund Types Account Groups
----- - -- - -- --------------- -
General
Fixed Long -term
Enterprise Assets Debt
----- - - - - -- - - - - - -- -- - - - - --
$35,511
114,244
80,000
65,000
3,000
45,436
12,500
1,740,000 -
1,010,000 -
96,000 -
52,929 -
$3,254,620 $ -
---- - - - - -- - - - - - --
---------- - - - - - --
Totals
(Memorandum Only)
----------- - - - - --
1991 1990
$ -
$42,299
$79,159
-
-
25,000
69,586
69,586
71,514
-
114,244
113,495
-
80,000
80,000
-
65,000
55,000
-
3,000
3,000
-
121,446
14,261
-
12,500
11,777
-
74,476
81,816
735,000
735,000
780,000
-
1,740,000
1,820,000
850,000
1,860,000
1,925,000
125,000
125,000
-
96,000
99,000
-
52,929
55,236
$1,779,586 $5,191,480 $5,214,258
--- - - - - -- --- - - - - -- ---- - - - - --
--------- --- - - - - -- ---- - - - - --
(continued)
i
City of Schertz, Texas
Combined Balance Sheet - All Fund Types and Account Groups
September 30, 1991
Equity and other credits
Contributed capital
Investment in general
Fixed assets
Retained earnings:
Reserved for revenue
bond retirement
Reserved for equipment
replacement
Reserved for
capital recovery
Unreserved
Fund balances:
Reserved for inventory
of supplies
Reserved for debt service
Unreserved:
Designated for economic
development
Designated for equipment
replacement
Designated for self
insurance
Undesignated
Total retained earnings/
fund balances
Total fund equity and
other credits
Total liabilities and
fund equity
Governmental Fund Types
--------------------------------- - - - - --
General
12,855
Special Debt
Revenue Service
- - - - - -- - - - - - --
(30,759)
Capital
Projects
S -
55,440 - - -
15,144 - -
45,000 - - -
115,799 16,936 - 424,188
-- - - - - -- -- - - - - -- -- - - - - -- -- - - - - --
244,238 16,936 (30,759) 424,188
-- - - - - -- -- - - - - -- -- - - - - -- -- - - - - --
244,238 16,936 (30,759) 424,188
-- - - - - -- -- - - - - -- -- - - - - -- -- - - - - --
$320,092 $16,936 $47,525 $427,324
The accompanying notes are an integral part of these statments.
7
1
Proprietary
$3,174,685
$2,949,456
Fund Types
Account
Groups
415,395 - -
General
General
80,128 - -
Fixed
Long -term
Enterprise
Assets
Debt
Totals
(Memorandum Only)
------------------ - - - - --
1991 1990
$3,174,685 $ - $ -
$3,174,685
$2,949,456
- 9,531,905 -
9,531,905
9,395,367
415,395 - -
415,395
298,827
80,128 - -
80,128
92,782
344,899 - -
344,899
288,115
222,795 - -
222,795
434,752
12,855 17,249
- - (30,759) 47,490
- 55,440 -
- 15,144 15,144
- 45,000 25,049
- - - 556,923 498,355
1,063,217 - - 1,717,820 1,717,763
--- - - - - -- - - - - - -- - - - - - -- ----- - - - - -- ---- - - - - --
4,237,902 9,531,905 - 14,424,410 14,062,586
$7,492,522 $9,531,905 $1,779,586 $19,615,890 $19,276,844
City of Schertz, Texas
Combined Statment of Revenue, Expenditures and Changes in Fund Balances
All Governmental Fund Types
For the Year Ended September 30, 1991
(With comparative totals for the year ended September 30, 1990)
Governmental
---------------- - - - - --
Special
General Revenue
- - - - - -- - - - - - --
Revenues:
Taxes $1,746,053 $ -
Licenses and permits 43,826 -
Charges for services 276,508 -
Fines and forfeits 201,512 -
Other sources 149,759 6,391
---- - - - - -- -- - - - - --
Total revenues 2,417,658 6,391
---- - - - - -- -- - - - - --
Expenditures:
Current:
General government
659,815 -
Public safety
836,031 -
Streets and parks
342,974 -
Health
65,816 -
Recreation
146,413 4,639
Economic development
20,995 -
Capital outlay
- -
Debt service:
Principal retirement
25,000 -
Interest and fiscal charges
274 -
--- - - - - -- - - - - - --
Total expenditures
2,097,318 4,639
--- - - - - -- - - - - - --
Excess (deficiency) of revenues
over (under) expenditures
320,340 1,752
--- - - - - -- - - - - - --
The accompanying notes are an integral part of these statments.
I
1
r
Totals
Fund - -- (Memorandum Only)
---------------------- ------ - - - - --
Debt Capital
Service Projects 1991 1990
- - - - - -- --- - - - - -- - - - - -- - - - - --
$1,746,053 $1,540,027
43,826 42,194
276,508 251,140
- 201,512 217,311
587 25,330 182,067 154,857
587 25,330 2,449,966 2,205,529
- -- - - - - - -- --- - - - - -- --- - - - - --
- - 659,815
654,009
- - 836,031
796,823
- - 342,974
327,797
- - 65,816
56,150
- - 151,052
130,739
- - 20,995
8,888
- 182,922 182,922
465,518
45,000 - 70,000
70,000
194,098 - 194,372
- - -- --- - - - - --
116,762
--- - - - - --
-- - - - - -- -- - -
239,098 182,922 2,523,977.
2,626,686
-- - - - - -- -- - - - - -- ----- - - - -- �w
--- - - - - --
(238,511) (157,592) (74,011) (421,157)
-- - - - - -- -- - - - - -- -- - - - - -- -- - - - - --
(Continued)
10
City of Schertz, Texas
Combined Statment of Revenue, Expenditures and Changes in Fund Balances
All Governmental Fund Types
For the Year Ended September 30, 1991
(With comparative totals for the year ended September 30, 1990)
Governmental
---------------- - - - - --
Special
General Revenue
- - - - - -- - - - - - --
Other financing sources (uses):
Proceeds of certificates of obligation - -
Proceeds of contractual obligation - -
Operating transfers in - -
Operating transfers (out) (160,262) -
---- - - - - -- --- - - - - --
Total other financial sources (uses) (160,262) -
---- - - - - -- --- - - - - --
Excess (deficiency) of revenues and other
financing sources over (under)
expenditures and other financing uses 160,078 1,752
Fund
balances,
October 1,
84,160
15,184
--- - - - - --
Fund
balances,
September 30,
---- - - - - --
$16,936
The accompanying notes are an integral part of these statments.
11
1
1
1
12
Totals
Fund
(Memorandum
Only)
- -
-----------
Debt
----- - - - - --
Capital
---------------
- --
Service
- - - - - --
Projects
--- - - - - --
1991
- - - - --
1990
- - - - --
-
-
-
850,000
-
125,327
125,327
-
160,262
-
160,262
125,000
-
_
- - --
(160,262)
--- - - - - --
(135,000)
--- - - - - --
--- - - - - --
160,262
--- - - - - --
--- -
125,327
--- - - - - --
125,327
--- - - - - --
840,000
--- - - - - --
(78,249)
(32,265)
51,316
418,843
47,490
--- - - - - --
456,453
--- - - - - --
603,287
--- - - - - --
184,444
---------
($30,759)
$424_188
$654_603-
$603_287-
12
City of Schertz, Texas
Combined Statement of Revenue, Expenditures and Changes in Fund
Balances - Budget and Actual - General and
Debt Service Fund Type
For the Year Ended September 30, 1991
General Fund
-------------------------------------
Variance
Favorable
Budget Actual (Unfavorable)
--- - - - - -- --- - - - - -- ------- - - - - --
Revenues:
Taxes
$1,646,888
$1,746,053
$99,165
Licenses and permits
47,950
43,826
(4,124)
Charges for services
289,300
276,508
(12,792)
Fines and forfeits
316,015
201,512
(114,503)
Other
105,751
149,759
44,008
---- - - - - --
Total revenues
--- - - - - --
2,405,904
--- - - - - --
--- - - - - --
2,417,658
--- - - - - --
11,754
---- - - - - --
Expenditures:
Current:
General government
670,486
659,815
10,671
Public safety
914,693
836,031
78,662
Streets and parks
391,633
342,974
48,659
Health
72,212
65,816
6,396
Recreation
158,897
146,413
12,484
Economic development
24,180
20,995
3,185
Capital outlay
8,269
-
8,269
Debt service:
Principal
-
25,000
(25,000)
Interest
-
274
--- - - - - --
(274)
---- - - - - --
Total expenditures
--- - - - - --
2,240,370
--- - - - - --
2,097,318
--- - - - - --
143,052
---- - - - - --
Excess of revenues over
(under) expenditures
165,534
--- - - - - --
320,340
--- - - - - --
154,806
---- - - - - --
The accompanying notes are an integral part of these statments.
13
1
Debt Service Fund
Variance
Favorable
Budget Actual - -- (Unfavorable)
-- - - - - -- ----- - - - - --
587 587
- - - - - -- -- - - - - -- - - - - - --
587 587
- - - - - -- -- - - - - -- - - - - - --
45,000
45,000 -
115,262
194,098 (78,836)
160,262
--- - - - - --
239,098 (78,836)
--- - - - - -- --- - - - - --
(160,262)
--- - - - - --
(238,511) 78,249
--- - - - - -- --- - - - - --
(Continued)
14
City of Schertz, Texas
Combined Statement of Revenue, Expenditures and Changes in Fund
Balances - Budget and Actual - General and
Debt Service Fund Type
For the Year Ended September 30, 1991
General Fund
-------------------------------------
Variance
Favorable
Budget Actual (Unfavorable)
--- - - - - -- --- - - - - -- ------- - - - - --
Other financing sources (uses):
Operating transfers in $ -
Operating transfers (out) (160,262)
Total other financing
sources (uses) (160,262)
Excess (deficiency) of revenues
and other financing sources over
expenditures and other
(160,262) -
(160,262) -
financing uses 5,272 160,078
Fund balances, October 1, 84,160 84,160
Fund balances, September 30,
P ��.�;��� .{ $244,238
154,806
$154,806
The accompanying notes are an integral part of these statments.
15
Debt Service Fund
----------------------------------
variance
Favorable
Budget Actual (Unfavorable)
-- - - - - -- --- - - - - -- ----- - - - - --
1
$160,262 $160,262 $ -
160,262 160,262 -
--- - - -- -- --- - - - - -- ---- - - - - --
- (78,249)
47,490 47,490
$47,490 ($30,759)
(78,249)
($78,249)
16
City of Schert2, Texas
Combined Statement of Revenues, Expenses and Changes
in Retained Earnings - All Proprietary Fund Types
For the Year Ended September 30, 1991
(with comparative totals for the year ended September 30, 1990)
Enterprise Funds
Totals
-----------------------
1.991 1991
Operating revenue:
Fees charged to users $1,822,736 $:.,822,836
---- - - - - -- ---- - - - - --
Total operating revenue: 1,822,736 1,822,836
Operating expenses before depreciation:
Personal services 458,834 392,437
Sewage treatment 440,665 426,091
General and
administrative expenses 180,808 178,359
Contractual services 197,901 200,891
Supplies /maintenance 126,726 88,918
Bad debts 38,000 29,714
---- - - - - -- ---- - - - - --
Total operating expenses
before depreciation 1,442,934 1,316,410
Operating income before depreciation 379,802 506,426
---- - - - - -- ---- - - - - --
Depreciation 382,363 402,308
--- - - - - -- --- - - - - --
Operating income /(loss) ($2,561) $104,118
--- - - - - -- --- - - - - --
(Continued)
The accompanying notes are an integral part of these statments.
17
I
City of Schertz, Texas
Combined Statement of Revenues, Expenses and Changes
in Retained Earnings - All Proprietary Fund Types
For the Year Ended September 30, 1991
(with comparative totals for the year ended September 30, 1990)
I
18
Enterprise
Funds
Totals
'
---- 1991------ - -
- - -- 1990 - - --
Nonoperating revenue (expenses):
Interest income,
$112,990
$123,647
Interest expense
(200,316)
(200,968)
'
Amortization
(48)
Loss on trade or sale of assets
-(48)
(6,166)
Lawsuit legal fees
-
-
Reimbursements
38,676
30,434
Other
2
Total nonoperating revenues (expense)
--- - - - - --
(48,698)
--- - - - - --
(53,099)
--
--
Net income (loss) before operating
interfund transfers
(51,259)
51,019
Operating transfers in
-
10,000
--- - - - - --
'
Net income /(loss)
--- - - - - --
(51,259)
61,019
Retained earnings, October 1,
1,114,476
1,053,457
Retained earnings, September 30,
---- - - - - --
$1_063_217
---- - - - - --
$1_114_476
I
18
City of Schertz, Texas
Combined Statement of Cash Flows - All Proprietary Fund Types
For The Year Ended September 30, 1991
Enterprise
Funds
1991
Cash flows from operating
activities:
Cash received from customers $1,785,745
Cash payments to suppliers for
goods and services (950,383)
Cash payments to employees
for services (458,834)
Net cash provided by operating
activities 376,528
Cash flows from non - capital
financing activities:
Other nonoperating revenue 38,676
Cash flows from capital and related
financing activities:
Acquisition and construction
of capital assets
(380,026)
Principal payments on long -term
debt
(138,000)
Interest paid on long -term debt
(202,623)
Capital contributed for capital
assets
225,229
Net cash used for capital
and related financing
activities
(495,420)
(continued)
The accompanying notes are an integral part of these statments.
19
1
1
1
1
t
1
i
i
1
1
City of Schertz, Texas
Combined Statement of Cash Flows - All Proprietary Fund Types
For The Year Ended September 30, 1991
Cash flows from investing activities:
Proceeds from sale and maturities
of investments
Interest on investments
Net cash provided by
investing activities
Net increase in cash
Cash, October 1, 1990
Cash, September 30, 1991
20
Enterprise
Funds
1991
749
129,352
130,101
49,885
1,687,750
$1,737,635
(continued)
V
City of Schertz, Texas
Combined Statement of Cash Flows - All Proprietary Fund Types
For The Year Ended September 30, 1991
:4econciliation of operating income (loss)
co net cash provided by operating
activities:
operating loss
Adjustments to reconcile operating loss
to net cash provided by operating
activities:
Depreciation /amortization
Provision for uncollectible accounts
Change in assets and liabilities:
Decrease (increase) in accounts
receivable
Increase in inventory
Increase in accounts payable
Increase in due to other funds
Increase in due from other funds
Increase in accrued vacation and
sick leave
21
Enterprise
Funds
1991
I
I
I
I
I
I
($2,561) 1
382,357
6,381
(36,991)
(8,729)
3,085
39,095
(6,833)
724
$376,528
I
I
I
I
I
I
1
i
1
1
I
i
1 NOTES TO FINANCIAL STATEMENTS
The notes to the financial statements contain a summary of
significant accounting policies and other notes considered
necessary for a clear understanding of these statments.
1
i
1
i
I
i
I
I
I
1
I
1
I
22
I
CITY OF SCHERTZ, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 1991
Note 1. Summary of Significant Accounting Policies i
The financial statements of the City of Schertz, Texas (The City), '
have been prepared in conformity with generally accepted
accounting principles (GAAP) as applied to government units. The
Government Accounting Standards Board (GASB) is the accepted
standard - setting body for establishing governmental accounting and
financial reporting principles. The more significant of the
City's accounting policies are described below.
A. Reporting Entity
In evaluating how to define the City, for financial purposes,
management has considered all potential component units. The
decision to include a potential component unit in the reporting
entity was made by applying the criteria set forth in GAAP. The
basic -but not the only- criterion for including a potential
component unit with the reporting entity is the governing body's
ability to exercise oversight responsibility. The most
significant manifestation of this ability is financial
interdependency. Other manifestations of the ability to exercise
oversight responsibility include, but are not limited to, the
selection of governing authority, the designation of management,
the ability to significantly influence operations, and
accountability for fiscal matters. A second criterion used in
evaluating potential component units is the scope of public
service. Application of this criterion involves considering
whether the activity benefits the City and /or its citizens, or
whether the activity is conducted within the geographic boundaries
of the City and is generally available to its citizens. A third
criterion used to evaluate potential component units for inclusion
or exclusion from the reporting entity is the
existence of special financing relationships, regardless of
whether the City is able to exercise oversight responsibilities.
Based upon the applicable of these criteria, the following is a
brief review of each potential component unit addressed in
defining the City's reporting entity. ,
J
I
23
I
I
I
I
I
I
I
I
0
I
I
I
I
E
11
I
CITY OF SCHERTZ, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 1991
Note 1. Summary of Significant Accounting Policies (continued)
A. Reporting Entity (continued)
Included within the reporting entity:
Schertz Public Library. Schertz Public Library governing board is
appointed by the Schertz City Council and provides the majority of
its funding. The Library Fund reflects the activity of this
entity and as the only fund it has been reported in the special
revenue fund of this report.
Excluded from the reporting entity:
Schertz Volunteer Fire Department Board. This board of local
citizens works to provide private additional funding for fire
equipment. This board is made up of private citizens not
appointed by the City Council and has no management control or
direct influence over operations of the Schertz Volunteer Fire
Department. All funds obtained by the board are used as the board
sees fit with the City having no authority, responsibility or
obligation.
B. Fund Accounting
The City uses funds and account groups to report on its financial
position and the results of its operations. Fund accounting is
designed to demonstrate legal compliance and to aid financial
management by segregating transactions related to certain City
functions or activities.
A fund is a separate accounting entity with a self - balancing set
of accounts. An account group, on the other hand, is a financial
reporting device designed to provide accountability for certain
assets and liabilities that are not recorded in the funds because
they do not directly affect net expendable available financial
resources.
Funds are classified into two categories: governmental and
proprietary. Each category, in turn, is divided into separate
"fund types."
24
Note 1.
CITY OF SCHERTZ, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 1991
I
I
Summary of Significant Accounting Policies (continued)
B. Fund Accounting (continued)
Governmental funds are used to a --count for all or most
of a government's general activities, including the
collection and disbursement of earmarked monies (special
revenue funds), the acquisition or construction of
general fixed assets (capital project funds), and the
servicing of general long -term debt (debt service
funds). The general fund is used to account for all ,
activities of the City not accounted for in some other
fund.
Proprietary funds are used to account for activities
similar to those found in the private sector, where the
determination of net income is necessary or useful to
sound financial administration. Goods or services from
such activities can be provided either to outside
parties (enterprise funds) or to other departments.
C. Basis of Accounting
The accounting and financial reporting treatment applied
to a fund is determined by its measurement focus. All
governmental funds are accounted for using a current
financial resources measurement focus. With this
measurement focus, only current assets and current
liabilities generally are included on the balance sheet.
Operating statements of these funds present increases
(i.e., revenues and other financing sources) and
decreases (i.e., expenditures and other financing uses)
in net current assets.
All proprietary funds are accounted for on a flow of
economic resources measurement focus. With this
measurement focus, all assets and all liabilities
associated with the operation of these funds are
included on the balance sheet. Fund equity (i.e., net
total assets) is segregated into contributed capital and
retained earnings components. Proprietary fund -type
operating statements present increases (e.g., revenues)
and decreases (e.g., expenses) in net total assets.
25
LJ
I
I
1 CITY OF SCHERTZ, TEXAS
1 NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 1991
i
Note 1. Summary of Significant Accounting Policies (continued)
C. Basis of Accounting (continued)
The modified accrual basis of accounting is used by all
governmental fund types. Under the modified accrual basis of
accounting, revenues are recognized when susceptible to accrual
(i.e., when they become both measurable and available).
"Measurable" means the amount of the transaction can be determined
and "available" means collectible within the current period or
' soon enough thereafter to be used to pay liabilities of the
current period. The City considers property taxes as available if
they are collected within 60 days after year end. A one -year
Those revenues susceptible to accrual are property taxes,
franchise taxes, special assessments, interest revenue and charges
for services. Licenses, fines and permits are not susceptible to
accrual because generally they are not measurable until received
in cash.
The accrual basis of accounting is utilized by proprietary fund
types. Under this method, revenues are recorded when earned and
expenses are recorded at the time liabilities are incurred.
The City reports deferred revenue on its combined balance sheet.
Deferred revenues arise when a potential revenue does not meet
both the "measurable" and "available" criteria for recognition in
the current period. Delinquent taxes are, reported as deferred
revenue as they are not available for current use.
I
11
I
1 26
availability period is used
for revenue recognition for
all other
governmental fund revenues.
Expenditures are recorded
when
the
related fund liability is
incurred. Principal and interest
on
general long -term debt are recorded as fund liabilities
or when amounts have been accumulated in the debt service
when
fund
due
for
payments to be made early in the following year.
Those revenues susceptible to accrual are property taxes,
franchise taxes, special assessments, interest revenue and charges
for services. Licenses, fines and permits are not susceptible to
accrual because generally they are not measurable until received
in cash.
The accrual basis of accounting is utilized by proprietary fund
types. Under this method, revenues are recorded when earned and
expenses are recorded at the time liabilities are incurred.
The City reports deferred revenue on its combined balance sheet.
Deferred revenues arise when a potential revenue does not meet
both the "measurable" and "available" criteria for recognition in
the current period. Delinquent taxes are, reported as deferred
revenue as they are not available for current use.
I
11
I
1 26
CITY OF SCHERTZ, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 1991 1
Note 1. Summary of Significant Accounting Policies (continued)
D. Budgets
The City charter establishes requirements for the adoption of
budgets and related budgetary control. Budgetary preparaticn and
control is exercised at the departmental level. The City C,)uncil
must approve overexpenditures of appropriations or transfers of
appropriated amounts between departments. Amendments co budget
total are made only by the City Council. The city manager is
authorized to amend the budget without City Council approval by
transferring budget amounts between line items within a
department. During the year amendments were necessary, all
complied with city charter requirements.
Annual appropriated budgets are adopted for the general and debt
service funds. The budgets are prepared using the modified accrual
basis of accounting. All annual appropriations lapse at fiscal
year end. Project - length financial plans are adopted for all
capital projects funds. In addition, as part of the overall
budget process budgets are adopted for the proprietary fund,
however, the City does not require a reporting as part of the
comprehensive annual financial report.
Encumbrances represent commitments related to unperformed
contracts for goods or services. Encumbrance accounting -under
which purchase orders, contracts and other commitments for the
expenditure of resources are recorded to reserve that portion of
the applicable appropriation -is utilized in the governmental
funds. Any encumbrances outstanding at year end are reported as
reservations of fund balances and do not constitute expenditures
or liabilities because the commitments will be honored during the
subsequent year.
E. Cash and Investments i
Cash includes amounts in demand deposits as well as short -term
Certificates of Deposits with a maturity date within three months
of the date acquired by the City.
Investments generally consists of certificates of deposit with a
maturity date greater than three months of the date acquired by
the City and are recorded at cost, which approximates market
value.
27
�1
ICITY OF SCHERTZ, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
iSEPTEMBER 30, 1991
I
I
Rol
Note 1. Summary of Significant Accounting Policies (continued)
1
F. Short -term Interfund Receivables / Payables
During the course of operations, numerous transactions occur
between individual funds for goods provided or services rendered.
These receivables and payables are classified as "due from other
funds" or "due to other funds" on the balarce sheet. Short -term
interfund loans are classified as "interfund
receivables /payables."
G. Inventories
Inventories are valued at cost, which approximates market, using
the first -in /first -out (FIFO) method. The costs of governmental
1
fund -type inventories are recorded as expenditures when consumed
rather than when
purchased.
H. Restricted Assets
Certain proceeds of enterprise fund revenue bonds, as well as
certain resources set aside for their repayment, and collection of
money from a capital recovery program are classified as restricted
assets on the balance sheet because their use is limited by
applicable bond covenants. Funds are segregated to report those
proceeds of revenue bond issuances that are restricted for use in
construction. Funds are also segregated to provide for debt
services as provided under bond indenture agreements.
I. Fixed Assets
General fixed assets are not capitalized in the funds used to
acquire or construct them. Instead, capital acquisition and
construction are reflected as expenditures in governmental funds,
and the related assets are reported in the general fixed assets
account group. All purchased fixed assets are valued at cost
where historical records are available and at an estimated
historical cost where no historical records exist. Donated fixed
assets are valued at their estimated fair market value on the date
received.
I
I
Rol
I
CITY OF SCHERTZ, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 1991
Note 1. Summary of Significant Accounting Policies (continued)
I. Fixed Assets (Continued)
"'he costs of normal maintenance and repairs that do not add to the
value of the asset or materially extend asset lives are not
capitalized. Improvements are capitalized and depreciated over
the remaining useful lives of the related fixed assets, as
applicable.
Public domain ( "infrastructure ") general fixed assets consisting
of roads, bridges, curbs and gutters, streets and sidewalks,
drainage system, and lighting systems are capitalized.
Assets in the general fixed assets account group are not
depreciated. Depreciation of buildings, equipment and vehicles in
the proprietary fund types is computed using the straight -line
method.
Interest is capitalized on proprietary fund assets acquired with
tax - exempt debt. The amount of interest to be capitalized is
calculated by offsetting interest expense incurred from the date
of the borrowing until completion of the project with interest
earned on invested proceeds over the same period.
J. Compensated Absences
t
Vested or accumulated vacation leave that is expected to be
liquidated with expendable available financial resources is
reported as an expenditure and a fund liability of the
governmental fund that will pay it. Amounts of vested or
accumulated vacation leave that are not expected to be liquidated
with expendable available financial resources are reported in the
general long -term debt account group. No expenditure is reported
for these amounts. Vested or accumulated vacation leave of
proprietary funds is recorded as an expense and liability of those
funds as the benefits accrue to employees. In accordance with the
provisions of Statement of Financial Accounting Standards No. 43,
Accounting for Compensated Absences, no liability is recorded for
nonvesting accumulating rights to receive sick pay benefits.
1
I
1
29
ICITY OF SCHERTZ, TEXAS
1 NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 1991
1
Note 1. Summary of Significant Accounting Policies (continued)
K. Long -term Obligation
Long -term debt is recognized as a liability of a governmental fund
when due, or when resources have been accumulated in the debt
service fund for payment early in the following year. nor other
1 long -term obligations, only that portion expected to be financed
from expendable available financial resources is reported as a
fund liability of a governmental fund. The remaining portion of
such obligations is reported in the general long -term debt account
group. Long -term liabilities expected to be financed from
proprietary fund operations are accounted for in those funds.
L. Fund Equity
Contributed capital is recorded in proprietary funds that have
received capital grants or contributions from developers,
customers or other funds. Reserves represent those portions of
fund equity not appropriate for expenditure or legally segregated
for a specific future use. Designated fund balances represent
tentative plans for future use of financial resources.
M. Bond Discounts /Issuance Costs
In governmental fund types, bond discounts and issuance costs are
recognized in the current period. Bond discounts and issuance
costs for proprietary fund types are deferred and amortized over
the term of the bonds using the bonds - outstanding method, which
approximates the effective interest method. Bond discounts are
presented as a reduction of the face amount of bonds payable
1
whereas issuance costs are recorded as deferred charges.
N. Interfund Transactions
Quasi - external transactions are accounted for as revenues,
expenditures or expenses. Transactions that constitute
reimbursements to a fund for expenditures/ expenses initially made
from it that are properly applicable to another fund, are recorded
as expenditures /expenses in the reimbursing fund and as reductions
of expenditures /expenses in the fund that is reimbursed.
All other interfund transactions, except quasi - external
transactions and reimbursements, are reported as transfers.
Nonrecurring or nonroutine permanent transfers of equity are
reported as residual equity transfers. All other interfund
transfers are reported as operating transfers.
t
30
CITY OF SCHERTZ, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 1991
Note 1. Summary of Significant Accounting Policies (continued)
O. Cash Flows Statement
In September 1989 the GASB issued Statement No. 9 "Reporting Cast.
Flows of Proprietary and Nonexpendable Trust Funds and
Governmental Entities That Use Proprietary Fund Accounting ". GASB
Statement No. 9 requires the presentation of a statement of cash
flows and certain other disclosures. In these financial
statements the required reports are presented without restatement.
P. Memorandum Only - Total Columns
Total columns on the general purpose financial statements are
captioned "memorandum only" to indicate that they are presented
only to facilitate financial analysis. Data in these columns do
not present financial position, results of operations or changes
in financial position in conformity with generally accepted
accounting principles. Neither are such data comparable to a
consolidation. Interfund eliminations have not been made in the
aggregation of this data.
Q. Comparative Data
Comparative total data for the prior year have been presented in
the accompanying financial statements in order to provide an
understanding of changes in the government's financial position
and operations.
R. Reclassifications
Certain 1990 amounts have been reclassified to conform to 1991
presentations.
31
L�
CITY OF SCHERTZ, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
1 SEPTEMBER 30, 1991
I
I
32
Note 2. Legal Compliance - Budgets
on or before July each year, all agencies of the City submic
request for appropriation to the City Manager so that a
budget may be prepared. The budget is prepared by fund,
,department, function and activity, and includes information
'
on the past year, current year estimates and requested
appropriations for the next fiscal year.
Before September 30, the proposed budget is presented to the
City Council for review, modification and approval. By state
statute budgeted expenditures may not exceed budgeted
revenues.
Expenditures may not legally exceed budgeted appropriations
at the fund level.
'
Note 3. Deposits
1
At year end, the carrying amount of the City's deposits,
including certificates of deposit, was $2,336,287 and the
bank balance was $2,396,865. Of the bank balance, $300,000
was covered by federal depository insurance and $2,096,865
was collateralized with securities held by the pledging
financial institution's trust department or agent in the
City's name. State statute authorizes the City to invest in
obligations of the U. S. Treasury and certificates of
deposit. Certificates of deposit must be collateralized by
U.S. Government securities.
I
32
CITY OF SCHERTZ, TEXAS ,
NOTES TO THE FINANCIAL STATEMENTS
Less allowance for
uncollectible (3,253) (666) (26,907) (30,826)
-- - - - - -- -- - - - - -- -- - - - - -- - - - - - --
Net total receivables$ - 61,815 $- 12_662 $307,990- $382,467 -
The delinquent taxes receivable account represents past years of
uncollected tax levies and is also reflected as a deferred revenue
of equal amount.
Property taxes are levied as of October 1st on property values
assessed as of January 1st. Property taxes are payable on or
before January 31 following the levy date without penalty or
interest. Unpaid property taxes attach as an enforceable lien on
property as of February 1 with penalty and interest. On July 1,
unpaid taxes are forwarded for collection and are subject to
additional penalties for collection expenses.
Note 5. General Fixed Assets ,
The following
SEPTEMBER 30, 1991
changes
in general fixed assets.
Note 4. Receivables
Balances
Receivables at
September 30,
1991 consist
of the following:
at
Debt
t
Additions
General
Service
Enterprise Total
Receivables:
$ 326,001
$ -
$ -
$ 326,001
Taxes
$ 65,068
$ 13,328
$ - S 78,396
-
Accounts
-
-
334,897 334,897
-- - - - - --
-- - - - - --
--- - - - - -- - - - - - --
Gross receivables 65,068
13,328
334,897 413,293
Less allowance for
uncollectible (3,253) (666) (26,907) (30,826)
-- - - - - -- -- - - - - -- -- - - - - -- - - - - - --
Net total receivables$ - 61,815 $- 12_662 $307,990- $382,467 -
The delinquent taxes receivable account represents past years of
uncollected tax levies and is also reflected as a deferred revenue
of equal amount.
Property taxes are levied as of October 1st on property values
assessed as of January 1st. Property taxes are payable on or
before January 31 following the levy date without penalty or
interest. Unpaid property taxes attach as an enforceable lien on
property as of February 1 with penalty and interest. On July 1,
unpaid taxes are forwarded for collection and are subject to
additional penalties for collection expenses.
Note 5. General Fixed Assets ,
The following
is a summary of
changes
in general fixed assets.
Balances
Balances
at
at
10/01/90
Additions
Deductions
9/30/91
Land
$ 326,001
$ -
$ -
$ 326,001
Buildings
1,013,103
-
-
1,013,103
Improvements
other than
buildings
6,718,720
44,473
-
6,763,193
Vehicles
611,349
12,542
(24,800)
599,091
,
Equipment
726,194
- - - - --
107,440
-- - - - - --
(3,117)
-- - - - - --
830,517
----------
----
$9,395,367
$164_455
$(27 =917)
$9_531_905
,
33
[1
CITY OF SCHERTZ, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
iSEPTEMBER 30, 1991
i
Note 5. General Fixed Assets (continued)
The following is a summary of the property plant, and equipment
of the Proprietary Funds at September 30, 1991.
iWater /Sewer SAFES Total
i
i
i
i
34
Buildings
$ 254,526
$ 26,656
$ 281,184
Improvements other than
buildings
7,757,475
-
7,757,475
Machinery and equipment
491,157
309,475
800,632
- --
-
-
8,503,160
336,131
8,839,291
Accumulated depreciation
(3,443,643)
---- - - - - --
(219,449)(3,663,092)
-- - - - - --
---- - - - - --
5,059,517
116,682
5,176,199
Land
Construction in Progress
160,521
42,328
_
160,521
42,328
$5,262,366
$116,682
--- -
$5,379,048
In the proprietary funds, the following
useful lives
are used to
compute depreciation:
Buildings
30
years
Sewer 5 Water
Equipment
Lines 50 years
5 -10 years
Certain property and equipment
that was donated
to the City is
i
pledged as collateral on
outstanding notes of the
donor. See
Note 10 - Commitments to
Contingencies.
i
i
i
i
34
CITY OF SCHEP,T.Z, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 1991
Note 6. Long -Term Debt
A. General Long-Term Debt
The following is a summary of changeE in general long term debt for the year ended
September 30, 1991
F3lance Balance
Outstand- outstand-
ing During Year ing
Original Interest October 1, - --- -- --- ---- - - ---- October 1,
Amount Rate 1990 Issued Retired 1991
- ---- -- - - - - - -- - -- - - -- - - - -- -- - - -- - -- - ---- --
G. 0. Bonds:
1962
Series
$301,000
3.63%
$128,000 $ -
($10,000)
$118,000
1972
Series
150,000
3.63%
57,000 -
(10,000)
47,000
1975
Series
175,000
6.2 -7.0 %
170,000 -
(5,000)
�
165,000
1987
Series
445,000
6.2 -8.3 %
425,000 -
(20,000)
405,000
780,000 - (45,000) 735,000
- - - - - -- -- - - - - -- -- - - -- -- --- - - - ---
Certificates of
Obligation:
1990 Series 850,000 7 - 9.0 % 850,000 - - 850,000
-- -- - --- -- -- - --- -- - - - - -- -- - - - - - --
Public Property
Finance Contractual
Obligation:
1991 Series 125,000
Note Payable:
Schertz Bank 50,000
Total G.O., Certificates of
Obligation, Contractual
Obligation and Note Payable
7.25% 125,000 125,000
- - - -- --- -- ---- -- -- - - - - -- --- - - -- --
9.60% 25,000 (25,000)
-- - -- --- - - - - - - -- - - - - --- --- - -- ---
$1,655,000 8125,000 ($70,000)$1,110,000
-- - -- - -- - - ------ - -- - - -- --- - - - - --
-------- -- - - - - -- - - - - --- - -- - - - - --
35
r
r
r
r
r
r
r
1
r
i
r
1
r
r
1
CITY OF SCHERTZ, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 1991
Note 6. Long-Term Debt
A. General Long-Term Debt (Continued)
Balance Balance
Outstand- Outstand-
ing ing
October 1, October 1,
1990 Additions Deductions 1991
Compensated Absences Payable $71,514 $69,586 (811,514) $69,586
----- -- -- -- - - - - - -- --- --- - -- --- - - - ---
B. Proprietary Long-Term Debt
The following is.a summary of changes in proprietary long term debt for the year ended
September 30, 1991:
Balance Balance
Outstand- Outstand-
ing ing
Original Interest October 1, October 1,
Amount Rate 1990 Retired 1991
- - - - - -- ------- - - - - - -- - - - - --- - - - - - --
Revenue Bonds:
1968
Series
$579,000
4.0 -5.75%
$170,000
($30,000)
$140,000
1973
Series
165,000
5.75-6.10%
165,000
-
165,000
1975
Series
325,000
7.0 -7.75%
255,000
(10,000)
245,000
1981
Series
475,000
9.0 -10.0%
335,000
(25,000)
310,000
1988
Series
1,020,000
6.3 -8.30%
975,000
(15,000)
960,000
11900,000
(80,000)
1,820,000
certificates
of
--- -- ----
-- - - - - --
---- --- --
Obligation:
1981
Series
150,000
9.3 -10.%
105,000
(10,000)
95,000
1983
Series
1,250,000
8.2 -10.%
1,025,000
(45,000)
980,000
1,130,000 (55,000) 1,075,000
--- - - - - -- - - - - - - -- --- - - - - --
Public Facility
Loan (HUD): 142,000 5% 102,000 (3,000) 99,000
36
CITY OF SCHERTi, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 1991
Note 6, Long -Term Debt
B. Proprietary Long -Term Debt (Continued)
The annual requirements to amortize all debt - utstanding as of September 30, 1991
including interest payments are as follows:
$1,020,285 $3,041,409 $3,096,051 $154,750 $148,926
-- -- - - - - -- -- -- - - - -- ---- - - - - -- -- - -- - -- - - - - - --
---------- -- - - - - - -- --- - - - ---- -- - - - - -- - - - - - --
Principal $735,000 $1,820,000 $1,925,000 $99,000 $125,000
Interest 285,285 1,221,409 1,171,051 55,150 23,926
---- -- -- -- ---- - -- - -- ---- -- - - -- -- - - - - -- -- -- - --
$1,020,285 $3,041,409 $3,096,051 $154,750 $148,926
---- -- - - -- ---- - -- --- - --- - - -- -- -- - -- - -- - - - - - --
---------- ---- - - - - -- --- -- - - - -- -- - - - - -- - - -- - --
G
W
n
Public
Year ended
General
Revenue
Certificates
Facility
Contractual
September 30,
---- - - - - --
Obligation
---- - - - - --
Bonds
--- - - - - --
of Oblig
---- - - - - --
Loan (HUD)
-- - - - - --
Obligation
-- - - - - --
1992
92,084
214,473
261,273
7,950
37,688
1993
99,830
218,672
252,653
8,800
36,163
1994
96,976
217,105
253,718
8,600
38,806
1995
95,127
215,028
253,773
8,400
36,269
1996
98,115
207,587
250,843
81200
-
Thereafter
538,153
1,968,544
1,823,791
112,800
$1,020,285 $3,041,409 $3,096,051 $154,750 $148,926
-- -- - - - - -- -- -- - - - -- ---- - - - - -- -- - -- - -- - - - - - --
---------- -- - - - - - -- --- - - - ---- -- - - - - -- - - - - - --
Principal $735,000 $1,820,000 $1,925,000 $99,000 $125,000
Interest 285,285 1,221,409 1,171,051 55,150 23,926
---- -- -- -- ---- - -- - -- ---- -- - - -- -- - - - - -- -- -- - --
$1,020,285 $3,041,409 $3,096,051 $154,750 $148,926
---- -- - - -- ---- - -- --- - --- - - -- -- -- - -- - -- - - - - - --
---------- ---- - - - - -- --- -- - - - -- -- - - - - -- - - -- - --
G
W
n
i
1
1
1
1
1
1.
1
1
1
1
i
1
1
1
1
1
CITY OF SCHERTZ, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 1991
Note 6. Long Term -Debt (Continued)
Bonded debt of the City consists of various series of General
Obligation Bonds, Revenue Bonds, Certificates of Obligation,
Public Facility Loan (H.U.D.) and Public Property Finance
Contractual Obligations. General Obligation Bonds are direct
obligations of the City for which its full faith and credit are
pledged, and are payable from taxes levied on all taxable property
located within the city. Revenue bonds are generally payable from
pledged revenues generated by Water and Sewer Fund. The debenture
agreement for Water and Sewer Bonds require funds be available for
1 /12th the principal and 1 /6th the' interest requirements of the
next fiscal year. Certificates of obligation are payable from a
levy of. ad valorem taxes upon all taxable property within the
City, and are further payable from certain net revenues derived
from the operation of the City's combined Water and Sewer systems
after payments of first lien revenue bonds. The Public Loan is
payable from gross revenue derived from operations of the Water
and Sewer Systems and has equal status with first lien revenue
bonds. Public Property Finance Contractual Obligations are
payable from a levy of ad valorem taxes upon all taxable property
within the City.
CITY OF SCHERTZ, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 1991
Note 7. Interfund Assets /Liabilities
The following is a summary of amounts due from and due to other
funds as of September 30, 1991:
Due From Due To
General Fund:
SAFES
Total
Capital Projects
$ 3,36
$ 418
Enterprise Funds
30,273
6,833
Debt Service
65,623
-
Debt Service:
382,363
29,946
General Fund
-
65,623
Enterprise Funds
15,163
-
Enterprise Funds
(51,259)
7,229,933
General Fund
6,833
30,273
Debt Service
-
15,163
Capital Projects Fund
846,436
467,133
General Fund
418
3,136
Total All Funds
$121,446
-- - - - - --
--------
$121,446
- - - - - --
- - - - - --
Note S. Segment Information - Enterprise Funds
The City has two enterprise operations which provide water /sewer
and emergency ambulance services. Segment information for the
twelve month period ended September 30, 1991, is as follows:
Operating Revenues
Operating Expenses,
Exclusive of Depreciation
Depreciation
Operating Income (Loss)
Other Income (Expenses)
Net Income
Total Assets
Total Equity
Working Capital
Additions To Fixed Assets
Outstanding Long -Term Debt
Water /Sewer
SAFES
Total
$1,515,854
$ 306,882 $
1,822,736
1,139,935
302,999
1,422,934
345,973
36,390
382,363
29,946
(32,507)
(2,561)
(56,160)
7,462
(48,698)
(26,214)
(25,045)
(51,259)
7,229,933
262,589
7,492,522
3,986,713
251,189
4,237,902
711,929
134,507
846,436
467,133
63,440
362,154
2,846,000
-
2,846,000
39
' CITY OF SCHERTZ, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
' SEPTEMBER 30, 1991
I
40
Note 9. Contributed Capital
During the year, contributed capital
increased by the following
amounts:
Water
and Sewer
SAFES
Source Fund
Fund Total
'
U. S. Air Force - Pipeline
Construction $ 170,550
$ - $ 170,550
'
Schertz SAFES Volunteer
Association - vehicle -
41,760 41,760
Government - General
Fixed Assets:
Buildings & Improvements _12,919
- 12,919
Total additions 183,469
41,760 225,229
Contributed Capital,
October 1 2,776,966
172,490 _2,949,456
Contributed Capital,
September 30 $2,960,435
$214,250 $3,174,685
Note 10. Commitments to Contingencies
During the year the Schertz Fire Department Volunteers renewed a
previous outstanding note with a balance
of $11,725. The original
proceeds of this note were used to
purchase a fire truck. The
vehicle is pledged as collateral.
The volunteers subsequently
donated the vehicle to the City. The
City has guaranteed payment
of this note if the fire department
volunteers cannot generate
sufficient funds to honor the note when it becomes due in August
1992.
I
40
CITY OF SCHERTZ, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 1991
Note 10. Commitments to Contingencies (continued)
During the year the Schertz SAFES Volunteer Association purchased
an ambulance and pledged the vehicle as collateral on the
outstanding balance. The association donated the vehicle to the
City. The City has guaranteed payment of a $41,760 note if the
association cannot generate sufficient funds to honor the note
when it becomes due in September 1992.
Note 11. Pension Plan
Substantially all full time employees of the City are covered by a
defined contribution pension trust. Under this single employer
plan, the City's only responsibility is to contribute 4% of each
employee's salary on a monthly basis to the insurance company
having complete fiduciary responsibility. Accordingly, the
contributions were not actuarially computed and an actuary is not
engaged by the City. The City's contribution for employees vested
are as follows:
Less than Five Years
At Five Years
Six to Ten Years
Eleven to Fifteen Years
Fifteen Years and after
-0-
25%
5% additional per year
10% additional per year
100% vested
An employee who quits before the five year initial vesting period
is entitled only to his own contributions. Nonvested amounts
contributed by the City are used to offset future payments. Total
contributions (city and employee share) for the year ended
September 30, 1991, were $70,935 with $15,877 and $55,058
charged to the Enterprise Funds and General Fund, respectively.
The covered payroll for employees on the pension plan was
$1,182,265 for the year ended September 30, 1991, and the city's
total payroll was $1,471,829. The City's and employees' required
and paid contribution was $47,290 and $23,645 respectively or 4%
and 2% of covered payroll.
41
I
I
I
I
1
I
I
I
I
I
I
I
I
I
CITY OF SCHERTZ, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 1991
Note 12. Fund Balance Deficits
The Deb: Service Fund at September 30, 1991 has a $30,759 fund
deficit. The deficit was a result of the debt service fund
disbursing funds for issues of other funds for which transfer of
funds had not been made at September 30, 1991. The City intends
to resolve this deficit by transferring funds from the Water and
Sewer and General Fund totalling net $78,554.
Note 13. Expenditures in Excess of Appropriations
General fund expenditures exceed appropriations as follows:
Department
Tax
Legal
Appropriation
$60,259
27,300
42
Excess
Expenditure
Over
Expenditure Appropriations
$65,599 $ 5,340
39,444 12,144
I
I
I
1
COMBINING, INDIVIDUAL FUND AND
ACCOUNT GROUP STATEMENTS AND SCHEDULES
SUPPLEMENTAL STATEMENTS
43
I
I
I
C.J
1
GENERAL FUND
The General Fund accounts for the resources used to financial the
fundamental operations of the City. It is the basic fund of the City
and covers all activities for which a separate fund has not been
established.
44
City of Schertz, Texas
General Fund
Comparative Balance Sheet
September 30, 1991 and 1990
Assets
Cash
Certificate of deposits
Deliquent taxes receivable
(net of allowances)
Due from other funds
Inventory of supplies, at cost
Other receivables
Total assets
Liabilities and fund balances
Liabilities:
Vouchers payable
Deferred revenue
Due to other funds
Total libilities
Fund balances:
Reserved for inventory of supplies
Unreserved:
Designated for economic development
Designated for equipment replacement
Designated for self insurance
Undesignated
Total fund balances
Total liabilities and fund balances
45
1991
1990
-- - - - - --
$129,123
-- - - - - --
$24,654
9,000
69,748
61,815
68,382
99,032
14,261
12,855
17,247
8,267
4,982
$320,092 $199,274
-- - - - - -- -- - - - - --
-------- -- - - - - --
$6,788 $46,732
61,815 68,382
7,251 -
-- - - -- -- -- - - - - --
75,854 115,114
12,855 17,249
55,440 -
15,144 15,144
45,000 25,049
115,799 26,718
244,238 84,160
- - - - - -- -- - - - - --
$320,092 $199,274
-- - - - - -- -- - - - - --
-------- -- - - - - --
C
1
1
I
[1
11
1
City of Schertz, Texas
General Fund
Comparative Statements of Revenue, Expenditures and
Changes in Fund Balances
For the Years Ended September 30, 1991 and 1990
Revenues:
Taxes
Licenses and permits
Charges for services
Fines and forfeits
Other sources
Total revenues
Expenditures:
Current:
General government
Public safety
Streets and parks
Health
Recreation
Economic development
Debt service:
Principal
Interest
Total expenditures
Excess of revenues over (under)
expenditures
Other financing sources (uses):
Operating transfers (out)
Excess of revenues (deficiency) and other
financing sources over (under)
expenditures and other financing uses
Fund balances, October 1,
Fund balances, September 30,
46
1991 1990
-- - - - - -- -- - - - - --
$1,746,053 $1,540,027
43,826
42,194
276,508
251,140
201,512
217,311
149,759
108,122
2,417,658 2,158,794
--- - - - - -- --- - - - - --
659,815
654,009
836,031
796,823
342,974
327,797
65,816
56,150
146,413
126,338
20,995
8,888
25,000 25,000
274 4,610
2,097,318 1,999,615
--- - - - - -- --- - - - - --
320,340 159,179
--- - - - - -- --- - - - - --
(160,262) (125,000)
--- - - - - -- --- - - - - --
160,078 34,179
84,160 49,981
- -
$24- 4,23'(4 $84,160
City of Schertz, Texas
General Fund
Comparative Statements of Revenue, Expenditures and
Changes in Fund Balances - Budget and Actual
For the Year Ended September 30, 1991
(With comparative actual amounts for the year ended September 30, 1990)
(Continued)
47
Variance
Variance
1991
1991
Favorable
1990
1990
Favorable
Budget
--
Actual
- - - --
(Unfavorable)
--- - - ----
Budget
---
Actual
-- - - - - - --
(Unfavorable)
--- - -- ---
Revenues:
- - - - - --
--- -
- - - ---
Tares:
Ad valorem
$968,x38
$1,014,129
$45,291
$880,320
$684,047
$3,727
Tar penalty
10,500
17,760
7,260
10,300
11,569
1,269
City sales tar
473,550
508,774
35,224
461,100
456,304
(4,796)
Utility franchise
191,000
203,121
12,121
186,613
185,116
(1,497)
Other
3,000
2,269
(731)
7,281
2,991
(4,290)
Total tares
-- --- - - --
1,646,888
--- - - -- --
1,746,053
--- - -----
99,165
---------
1,545,614
- --- - - - --
1,540,027
- -- -- - ---
(5,581)
Licenses and permits
--- - - - - --
47,950
-- - - - - --
--- - - - - --
43,826
-- -- - - --
-- -------
(4,124)
-- - - - - --
---------
65,150
-- - - -- --
---------
42,194
-- - - -- --
--- - - -- --
(22,956)
--- - - - - --
Charges for services:
utility administration
180,800
180,808
8
178,351
118,359
8
swimming pool
36,600
28,064
(8,536)
24,970
19,298
(5,672)
Animal shelter
3,300
4,211
911
6,800
8,656
1,856
Library and fire
58,000
52,725
(5,275)
36,300
36,620
320
Other
10,600
-- -- ----
10,700
-- --- - --
100
-- - - - - --
13,342
-- - - - - --
8,207
-- - - - ---
(5,135)
--- - - -- --
Total charges for
services
289,300
276,508
(12,792)
259,763
251,140
(8,623)
Fines and forfeitures
- --- ----
316,015
-- - - - - --
--- -- - --
201,512
-- - - - - --
-- - - - ---
(114,503)
-- - - - - --
-- - - - - --
204,097
-- - - ----
-- - - - - --
217,311
- - -- - - --
--- - - - ---
13,214
-- -- - - - --
(Continued)
47
1
City of Scherts, Texas
General Fund
Comparative Statements of Revenue, Expenditures and
Changes in Fund Balances - Budget and Actual
For the Year Ended September 30, 1991
(With comparative actual amounts for the year ended September 30, 1990)
Variance
Variance
1991
1991
Favorable
1990
1990
Favorable
Budget
Actual
(Unfavorable)
Budget
Actual
(Unfavorable)
Other sources
--- -- - - --
--- - - - - --
--- - - - ---
--- -- - - --
--- - - - - --
--- - - - - --
Building rental
3,600
2,585
(1,015)
3,000
3,567
567
Reimbursements
4,500
24,842
20,342
11,8:0
13,382
Insurance recovery
-
-
-
-
1,513
-
Retirement reversions
15,000
45,326
30,326
-
7,177
7,177
Cibolo Creek Muncipal
Authority
6,200
6,103
(97)
6,200
6,406
206
Interest
8,000
10,608
2,608
10,700
10,026
(674)
Discounts
-
-
-
-
6
6
Emerq Manaq Coordinator
12,000
-
(12,000)
11,000
11,512
512
Sale of assets
1,000
4,013
3,013
5,450
5,310
Miscellaneous
55,451
-- -- -
56,282
831
-
44,592
- -- - - -- --
49,223
--- -- - ---
4,631
-- - - - ---
Total other sources
-- - --
105,751
---- - - - - --
149,759
--- ---
44,008
98,832
108,122
9,290
Total revenues
---- -- - ---
$2,405,904
--- ----- --
$2,417,658
- - - - - --
$11,754
---------
$1,173,456
---------
$2,158,794
-- - -- - --
($14,662)
(Continued)
(Continued)
49
City of
Schertz, Texas
General Fund
Comparative
Statements of Revenue,
Expenditures and
Changes
in Fund Balances - Budget
and Actual
For the
Year Ended September
30, 1991
(With comparative
actual amounts for
the year ended
September
30, 1990)
Variance
Variance
1991
1991
Favorable
1990
1990
Favorable
--
Budget
--- ---
Actual
-- - - - - --
(Unfavorable)
---- - - - - - --
Budget
- - --- ---
Actual
-- - - -- --
(Unfavorable)
--- -- - - - - --
Current;
General government:
City council
$21,523
$12,945
$8,573
$21,295
$15,939
$5,356
City manager
122,861
120,550
2,311
109,523
109,543
(20)
Tax
60,259
65,599
15,340)
56,967
48,042
8,925
Planning and zoning
72,007
69,056
2,951
62,134
60,543
1,591
Legal
27,300
39,444
(12,144)
98,779
38,263
60,516
Municipal court
43,477
41,058
2,419
40,241
39,693
548
Municipal building
115,554
105,959
9,545
102,594
102,727
(133)
General administration
86,748
85,019
1,729
80,885
81,984
(1,099)
Other - unclassified
120,757
-- - - - - --
120,185
-- - - - - --
572
----- - - - ---
129,278
-- ------
157,275
-- - - - - --
(27,997)
--- - - - ---
Total general
government
670,486
-- - -- - --
659,815
-- - - - - --
10,671
---- - -- - - --
701,696
-- - - - - --
654,009
-- - - - - --
47,681
- -- -- -- --
Public safety:
Police department
663,873
599,544
64,329
598,647
575,982
22,665
Fire department
197,709
189,074
8,635
180,674
171,999
8,675
Inspection
53,111
-- - - - - --
47,413
- -- - - - --
5,693
--- -- - - --
48,445
-- -- - - --
48,842
-- - - - - --
(397)
--- - - ----
Total public safety
914,693
- - - -- - --
836,031
-- ------
78,662
-- - - --- --
827,766
- - - - - - --
796,823
-- -- - - --
30,943
--- -- - - --
Streets and parks:
Streets
289,389
247,265
42,124
242,961
230,855
12,106
Parks
102,244
95,709
6,535
101,024
-- - - - - --
96,942
-- - - - - --
4,082
--- - - -- --
Total streets and parks
-- - - - - --
391,633
-- - - - - --
-- - - - - --
342,974
-- - - - - --
--- - - - - --
48,659
----- - - - - --
343,985
-- - - - - --
327,797
-- - - - - --
16,188
--- - - - - --
Health:
Animal control
72,212
-- - - - - --
65,816
-- -- -- --
6,396
- ---- - -----
59,967
-- - - -- --
56,150
-- - - - - --
3,817
- -- - - - - --
Recreation:
Swimming pool
64,606
53,583
11,023
51,089
47,130
3,959
Library
94,291
92,830
1,461
---- - - - - --
83,771
-- - --- --
79,208
-- - - - - --
4,563
-- - - - - --
Total recreation
-- - - - - --
158,897
-- - -- ---
-- - - ----
146,413
-- - - - - --
-
12,484
----- - - - - --
134,860
-- - - - - --
126,338
-- - -- - --
8,522
- -- - - - --
(Continued)
49
City of Schertr, Texas
General Fund
Comparative Statements of Revenue, Expenditures and
Changes in Fund Balances - Budget and Actual
For the Year Ended September 30, 1991
(With comparative actual amounts for the year ended September 30, 1990)
Variance Variance
1991 1991 Favorable 1990 1990 Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
-- - - - - -- -- - - - - -- ----- - - - - -- -- - - - - -- -- - - - - -- ----- - - - - --
Economic development $24,180 $20,995 $3,185 $14,485 $8,888 5.597
-- - - - - -- -- - -- - -- -- - - - - -- -- - - - - -- -- -- - - -- - -- -- -- --
Capital outlay 8269 $269
Debt service:
Principal 25,000 (25,000) 25,000 (25,000)
Interest 274 (274) 4,610 (4,610)
Total debt service 25,274 (25,274) 29,510 (29,610)
- - - - - --- -- - - - - -- - - - - - - -- -- -- ---- -- - - - --- --- -- - - --
Total expenditures 2,240,370 2,097,318 143,052 2,082,759 1,999,615 83,144
--- - -- - -- --- - - - - -- -- - - - - -- --- - - - - -- --- -- -- -- - -- - -- - --
Excess of revenues
(deficiency) over
expenditures 165,534 320,340
Other financing sources
(uses):
154,806 90,697 159,179 68,482
Operating transfers in - 34,499 (34,499)
Operating transfers (out) (160,262) (160,262) (125,000) (125,000)
-- - - - - -- - - -- - --- -- - - - - -- -- - - - - -- -- - - - - -- --- - - - - --
Total other financing
sources (uses) (160,262) (160,262) (90,501) (125,000) (34,499)
-- - - - - -- - - - --- -- -- - - - - -- -- --- - -- -- -- - - -- ---- -- - - --
Excess of revenues (deficiency)
and other financing sources
over (under) expenditures
and other financing uses 5,272 160,078
Fund balances, Oct, 1, 84,160 84,160
- - - - - -- - - - - - --
Fund balances, Sept. 30, $89,432 $244,238
154,806 196 34,179 33,983
- 49,981 49,981 -
- - - - - -- - - - - -- - - - - - -- ---- - - - - --
$154.806 $50.177 $84,160 $33,983
50
I
DEBT SERVICE FUND
' This fund is used to account for the accumulation of resources for and
' the payment of principal, interest, and related costs on general long-
term debt of the City.
1
1
1
1
0
[l
51
City of Schertz, Texas
Debt Service Fund
Comparative Balance Sheet
September 30, 1991 and 1990
Assets
Cash
Certificate of deposits
Deliquent taxes receivable
(net of allowances)
Due from other funds
Total assets
Liabilities and fund balances
Liabilities:
Due to general fund
Deferred revenue:
Ad valorem taxes
Total libilities
Fund balances:
Reserved for debt service
Total fund balances
Total liabilities and fund balances
52
1991 1990
- - - - - -- - - - - - --
$19,700 $68
- 47,422
12,662 13,434
15,163 -
$47,525 $60,924
- - - - - -- - - - - - --
------- - - - - - --
$65,623 $ -
12,661 13,434
78,284 13,434
(30,759)
47,490
--
-- - - - - --
(30,759)
-- - - - - --
-- - - - -
47,490
-- - - - - --
$47,525
- - - - - --
-------
$60,924
- - - - - --
- - - - - --
1
1
1
1
City of Schertz, Texas
Debt Service Fund
Comparative Statements of Revenue, Expenditures and
Changes in Fund Balances
For the Years Ended September 30, 1991 and 1990
Revenues:
Interest income
Total revenues
Expenditures:
Debt service:
Bond principal
Bond interest
Fiscal agent fees
Total expenditures
Excess of revenues over (under)
expenditures
Other financing sources (uses):
Operating transfers in
Operating transfers (out)
Total other financing sources (uses)
Excess of revenues (deficiency) and other
financing sources over (under)
expenditures and other financing uses
Fund balances, October 1,
Fund balances, September 30,
53
1991 1990
- -- - --
$587 $13,652
587 13,652
-- - - - - -- -- - - - - --
45,000 45,000
193,816 110,965
282 1,187
239,098 157,152
-- - - - - -- -- - - - - --
(238,511) (143,500)
160,262 125,000
- (10,000)
160,262 115,000
(78,249)
(28,500)
47,490
- - - - - --
75,990
($30,759)
- - - - - --
$47,490
City of Schertx, Texas
Debt Service Fund
Comparative Statements of Revenue, Expenditures and
Changes in Fund Balances - Budget and Actual
For the Year Ended September 30, 1991
(With comparative actual amounts for the year ended September 30, 1990)
Other financing sources (uses):
Operating transfers in
160,262
160,262
Variance
125,000
Variance
-
-- - - - - --
1991
1991
Favorable
1990
1990
Favorable
160,262
Budget
Actual
(Unfavorable)
Budget
Actual
(Unfavorable)
Revenues:
-- - ----
- - - - - --
--- - - - - --
- - - - ---
- - - - - --
--- --- - --
Other:
expenditures and other financing uses
-
(78,249)
(78,249) (23,506)
(28,500)
Interest income
$ -
$587
$587
$8,646
$13,652
$5,006
Total revenues
- ---- - --
-- - - - - --
-- -- -- --
587
-- - - ----
- --- - - - ---
587
---- - - - - --
- - - - - - --
8,646
-- --- - --
- --- - - --
13,652
-- - - - - --
------ - - - ---
5006
----- - - - -- --
Expenditures:
Debt service:
Bond principal
45,000
45,000
45,000
45,000
Bond interest
114,980
193,816
(78,836)
110,965
110,965
Fiscal agent fees
282
-- - - - ---
282
--
1,187
1,187
Total expenditures
160,262
-- - - - - --
-- - - --
239,098
-- - - - - --
- ---- - - - - --
(78,836)
-- - - - - --
157,152
- - - - - ---
157,152
------ --- ---
Excess of revenues over (under)
----- - - - - --
-- - - - - --
-- - - - - --
--- --- - - -- --
expenditures
(160,262)
-- -- - ---
(238,511)
-- - - - - --
(78,249)
-- --- - -- ---
(148,506)
- -- - ----
(143,500)
- --- - - --
5,006
------ - - - - --
Other financing sources (uses):
Operating transfers in
160,262
160,262
125,000
125,000
Operating transfers (out)
-
-- - - - - --
-
-- - - - - --
-
-- --- - - - - -- -- - - --
(10,000)
(10,000)
Total other financing sources (uses)
160,262
160,262
- -
125,000
- - - --- -- -
115,000
----- - - - - --
(10,000)
Excess of revenues (deficiency) and
-- - - - ---
-- - - ----
--- -- - - - - -- -- - - - - --
-- - - - - -- ------
- - - - --
other financing sources over (under)
expenditures and other financing uses
-
(78,249)
(78,249) (23,506)
(28,500)
(4,994)
Fund balances, October 1,
47,490
47,490
75,990
75,990
Fund balances, September 30,
- --- ---
$47,490
- - - -- --
-------
- - -- - --
($30,759)
- - - - - --
- - -- - --
---- -- -- - -- - - - - - --
($78,249) $52,484
-- -- - - - - -- - - - - - --
-- -- - -- - -- - - - - - --
- - - - - -- ------
$47,490
- - - ----
- - - - - --
- - - - --
($4,994)
--- -- - --- --
----- --- - --
54
1
1
1
I
h
1
[1
CAPITAL PROJECTS FUND
The Capital Projects Fund accounts for financial resources to be used
for the acquisition or construction of major capital facilities (other
than those financed by proprietary fund types.)
55
City of Schertz, Texas
Capital Projects Fund
Comparative Balance Sheet
September 30, 1991 and 1990
Assets
Cash
Certificates of deposit
Accrued interest
Due from other funds
Total assats
Liabilities and fund balances
Liabilities:
Due to other funds
Fund balances:
Unreserved - undesignated
Total liabilities and fund balances
56
1991 1990
-- - - - - -- -- - - - - --
$54,598 $117,140
369,295 344,221
3,013 3,013
418 -
$427,324 $464,374
-- - - - - -- - - - - - --
-------- - - - - - --
$3,136 $7,921
424,188 456,453
-- - - - - -- - - - - - --
$427,324 $464,374
-- - - - - -- - - - - - -=
-- - - - - -- - - - - - --
1
1
1
1
City of Schertz, Texas
Capital Projects Fund
Comparative Statements of Revenue, Expenditures and
Changes in Fund Balances
For the Years Ended September 30, 1991 and 1990
Revenues:
Interest income
Total revenues
Expenditures:
Capital outlay:
Capital projects
Total expenditures
Excess of revenues over (under)
expenditures
Other financing sources (uses):
Certificate of obligation proceeds
Contractual obligation proceeds
Total other financing sources (uses)
Excess of revenues (deficiency) and other
financing sources over (under)
expenditures and other financing uses
Fund balances, October 1,
Fund balances, September 30,
57
-- 1991 -- 1990
$25,330 $27,239
25,330 27,239
--- - - - - -- --- - - - - --
-- 182,922 -- 452,666
182,922 452,666
(157,592) (425,427)
--- - - - - -- --- - - -- --
- 850,000
125,327 -
--- - - - - -- --- - - - - --
125,327 850,000
--- - - - - -- --- - - - - --
(32,265)
424,573
456,453
31,880
$424,188
-- - - - - --
--------
$456,453
- - - - - --
- - - - - --
7
I
I
I
rl
This page intentionally left blank. ,
I]
1
PROPRIETARY FUND TYPES
1
ENTERPRISE FUNDS
1
Enterprise Funds are established to account for operations which are
1 intended to be self- supporting through user charges. The City operates
the Water /Sewer System and the Schertz Area Facility for Emergency
Services (SAFES) on this basis.
1
1
1
1
1
1
1
i
1
1
i
NO
j City of Schertz, Texas
Enterprise Fund
Combining Balance Sheet
September 30, 1991
(With comparative totals for the year ended September 30, 1990)
Assets
Current assets:
Cash
Certificates of deposit
Accounts receivable (net)
Accrued interest receivable
Due from other funds
Inventory of supplies,
at cost
Total current assets
Restricted assets:
Cash
Certificates of deposit
Total restricted assets
Fixed assets:
Land and improvements
Buildings
Improvements other than
buildings
Machinery and equipment
Accumulated depreciation
Construction in progress
Other assets:
Organizational costs
Accumulated amortization
Total fixed assets
Total assets
Enterprise Funds
Water /Sewer Totals
System SAFES 1991 1990
--- - - - - -- --- - - - - -- --- - - - - -- --- - - - - --
$28,905
$63,644
$92,549
$178,102
440,047
32,355
472,402
360,844
275,709
32,281
307,990
277,374
-
151
151
16,514
6,833
-
6,833
-
42,482
-- - - - - --
17,476
-- - - - - --
59,958
-- - - - - --
51,229
-- - - - - --
793,976
-- - - - - --
145,907
-- - - - - --
939,883
-- - - - - --
684,063
-- - - - - --
119,775
-
119,775
12,591
1,052,909
-- - - - - --
-
-- - - - - --
1,052,909
-- - - - - --
1,136,213
-- - - - - --
1,172,684
-- - - - - --
-
-- - - - - --
1,172,684
-- - - - - --
1,148,804
-- - - - - --
160,521
-
160,521
160,521
254,528
26,656
281,184
278,184
7,757,475
-
7,757,475
7,535,738
491,157
309,475
800,632
666,935
(3,443,643)
( 219,449)(3,663,092)(3,284,449)
42,328
-
42,328
24,456
1,900
-
1,900
1,900
(993)
- - --
-
-- - - - - --
(993)
--- - - - - --
(945+
-- - - - - --
--- - -
5,263,273
--- - - - - --
116,682
-- - - - - --
5,379,955
--- - - - - --
5,382,340
-- - - - - --
$7,229,933 $262,589 $7,492,522 $7,415,207
---- - - - - -- ---- - - - - -- --- - - - - -- ---- - - - - --
---------- ---- - - - - -- --- - - - - -- ---- - - - - --
59
1
1
1
i.
City of Schertz, Texas
Enterprise Fund
Combining Balance Sheet
September 30, 1991
(With comparative totals for the year ended September 30, 1990)
Liabilities and equity
Current liabilities:
Vouchers payable
Due to other funds
Accrued vacation and
sick leave
Total current liabilities
Current liabilities payable
from restricted assets:
Customer deposits
Revenue bonds
Cert. of obligation
Public facility loan
Accrued interest
Total current liabilities
payable from restricted
assets
Enterprise Funds
Water /Sewer Totals
System -- SAFES- 1991 1990-
--------- - --- - - - - --
$35,511
38,668
- -- -7,868
82,047
6,768
- -- -4,632
11,400
$35,511
45,436
- -- 12,500
93,447
$32 426
6,341
- -- 11,777
50,544
114,244
- 114,244
113,495
80,000
- 80,000
80,000
65,000
- 65,000
55,000
3,000
- 3,000
3,000
52,929
- 52,929
55,236
315,173 - 315,173 306,731
- - - - -- -- - - - - -- -- - - - - -- -- - - - - --
Noncurrent liabilities:
Revenue bonds payable,
less current maturities 1,740,000
Cert. of obligation, payable
less current maturities 1,010,000
Public facility loan 96,000
Total noncurrent
1,740,000 1,820,000
- 1,010,000 1,075,000
96,000 99,000
-- - - - - -- -- - - - - -- -- - - - - --
liabilities 2,846,000 -
Total liabilities
$3,243,220
2,846,000 2,994,000
$11,400 $3,254,620 $3,351,275
-- - - - - -- -- - - - - -- -- - - - - --
(Continued)
t
City of Schertz, Texas
Enterprise Fund
Combining Balance Sheet
September 30, 1991
(With comparative totals for the year ended September 30, 1990)
61
Enterprise
Funds
Water /Sewer
Totals
System
--- - ---
SAFES
1991
1990
Equity:
- - - --
- - - - --
--- - - - - --
--- - - - - --
Contributed capital
$2,960,435
$214,250
$3,174,685
$2,949,456
Retained earnings:
t Reserved for revenue
bond retirement
415,395
-
415,395
298,827
Reserved for equipment
replacement and capital
improvements
80,128
-
80,128
92,782
Reserved for capital
recovery
344,899
-
344,899
288,115
Unreserved
185,856
--- - - - - -- ---
36,939
222,795
434,752
Total retained earnings
1,026,278
- - - - --
36,939
--- - - - - --
1,063,217
--- - - - - --
1,114,476
Total equity
--- - - - - -- ---
3,986,713
--- -
- - - - --
251,189
--- - - - - --
4,237,902
--- - - - - --
4,063,932
Total liabilities
- - - -- ---
- - - - --
--- - - - - --
--- - - - - --
and equity
$7,229,933
--- - - - - -- ---
--------- ---
$262,589
- - - - --
- - - - --
$7,492,522
--- - - - - --
--- - - - - --
$7,415,207
--- - - - - --
--- - - - - --
61
1
1
1
1
1
1
City of Schertz, Texas
Enterprise Fund
Combining Statement of Revenues, Expenses and
Changes in Retained Earnings
For the Year Ended September 30, 1991
(With comparative totals for the year ended September 30, 1990)
Operating revenues:
Fees charged to users
Total revenues
Operating expenses before
depreciation:
Personal services
Sewage treatment
General and
administrative
Contractual services
Supplies /maintenance
Bad debts
Total operating expenses
before depreciation
Operating income before
depreciation
Depreciation
Operating income (loss)
Enterprise Funds
Water /Sewer
System SAFES 1991 1990
$1,515,854
- --
$306,882
--- - - - - --
$1,822,736
--- - - - - --
$1,822,836
--- - - - - --
--- - - -
1,515,854
--- - - - - --
306,882
--- - - - - --
$1,822,736
-- - - - - --
1,822,836
--- - - - - --
278,508
180,326
458,834
392,437
440,665
-
440,665
426,091
175,000
5,808
180,808
178,359
168,127
29,774
197,901
200,891
71,635
55,091
126,726
88,918
6,000
32,000
38,000
29,714
1,139,935 302,999 1,442,934 1,316,410
--- - - - - -- --- - - - - -- --- - - - - -- --- - - - - --
375,919 3,883 379,802 506,426
345,973 36,390 382,363 402,308
--- - - - - -- --- - - - - -- --- - - - - -- --- - - - - --
29,946 (32,507) (2,561) 104,118
a
(Continued)
City of Schertz, Texas
Enterprise Fund
Combining Statement of Revenues, Expenses and
Changes in Retained Earnings
For the Year Ended September 30, 1991
(With comparative totals for the year ended September 30, 1990)
Nonoperating revenues
(expenses):
Interest income
Interest expenses
Amortization
Loss on trade or sale
of assets
Reimbursements
Other
Total nonoperating
revenues (expenses)
Net income (loss) before
operating transfers
Operating transfers in
Net income (loss)
Retained earnings,
October 1,
Retained earnings,
September 30,
Enterprise Funds
Water /Sewer
System SAFES 1991 1990
--- - - - - -- --- - - - - -- --- - - - - -- --- - - - - --
$105,528 $7,462 $112,990
(200,316) - (200,316)
(48) - (48)
38,676 - 38,676
-- - - - - -- --- - - - - -- --- - - - - --
(56,160) 7,462 (48,698)
-- - - - - -- --- - - - - -- --- - - - - --
$123,647
(200,968)
(48)
(6,166)
30,434
2
(53,099)
(26,214) (25,045) (51,259) 51,019
- - - 10,000
--- - - - - -- --- - - - - -- --- - - - - -- --- - - - - --
(26,214) (25,045) (51,259) 61,019
1,052,492 61,984 1,114,476 1,053,457
--- - - - - -- --- - - - - -- --- - - - - -- --- - - - - --
$1,026,278 $36,939 $1,063,217 $1,114,476
--- - - - - -- --- - - - - -- --- - - - - -- --- - - - - --
--------- --- - - - - -- --- - - - - -- --- - - - - --
63
I
City of Schertz, Texas
Enterprise Fund
Combining Statement of Cash Flows - All Proprietary Fund Types
For The Year Ended September 30, 1991
I
Capital contributed for capital
assets 183,469 41,760 225,229
Net cash used for capital
and related financing
activities (473,740) (21,680)
64
(495,420)
(continued)
Enterprise
Funds
Water /Sewer
Total
'
System
SAFES
1991
Cash flows from operating
--
--
'
activities:
Cash received from customers
$1,475,693
$310,052
$1,785,745
Cash payments to suppliers for
goods and services
(833,884)
(116,499)
(950,383)
Cash payments to employees
for services
(278,508)
(180,326)
(458,834)
Net cash provided by operating
--- - - - - -- ---
- - - - --
--- - - - - --
activities
363,301
--- - - - - -- ---
13,227
- - - - --
376,528
--- - - - - --
Cash flows from non - capital
financing activities:
Other nonoperating revenue
38,676
-
38,676
--- - - - - -- ---
- - - - --
--- - - - - --
Cash flows from capital and related
financing activities:
Acquisition and construction
of capital assets
(316,586)
(63,440)
(380,026)
Principal payments on long -term
'
debt
(138,000)
(138,000)
Interest paid on long -term debt
(202,623)
_
(202,623)
I
Capital contributed for capital
assets 183,469 41,760 225,229
Net cash used for capital
and related financing
activities (473,740) (21,680)
64
(495,420)
(continued)
City of Schertz, Texas
Enterprise Fund
Combining Statement of Cash Flows - All Proprietary Fund Types
For The Year Ended September 30, 1991
Enterprise Funds
Water /Sewer Totals
System SAFES 1991
--- - - - - -- --- - - - - -- --- - - - - --
Cash flows from investing activities:
Proceeds from sale and maturities
of investments 749 - 749
Interest on investments 121,836 7,516 129,352
--- - - - - -- --- - - - - -- --- - - - - --
Net cash provided by
investing activities 122,585 7,516 130,101
Net increase (decrease) in cash
Cash, October 1, 1990
Cash, September 30, 1991
50,822 (937) 49,885
1,590,814 96,936 1,687,750
--- - - - - -- --- - - - - -- --- - - - - --
$1,641,636 $95,999 $1,737,635
---- - - - - -- ---- - - - - -- --- - - - - --
---------- ---- - - - - -- --- - - - - --
65
(continued)
11
1
1
1
1
1
1
11
I
1
1
11
1
1
1
i
1
1
1
City of Schertz, Texas
Enterprise Fund
Combining Statement of Cash Flows - All Proprietary Fund Types
For The Year Ended September 30, 1991
Reconciliation of operating income (loss)
to net cash provided by operating
activities:
Operating income (loss)
Adjustments to reconcile operating income
(loss) to net cash provided by operating
activities:
Depreciation /amortization
Provision for uncollectible accounts
Change in assets and liabilities:
Decrease (increase) in accounts
receivable
Increase in inventory
Increase in accounts payable
Increase in due to other funds
Increase in due from other funds
Increase in accrued vacation and
sick leave
..
Enterprise Funds
Water /Sewer Total
System SAFES 1991
--- - - - - -- --- - - - - -- --- - - - - --
$29,946 ($32,507) ($2,561)
345,967
36�3�0;
382,357
5,781
600
6,381
(40,161)
3,170
(36,991)
(61811)
(1,918)
(8,729)
3,085
-
3,085
32,327
6,768
39,095
(6,833)
-
(6,833)
-
724
724
$363,301 $13,227 $376,528
-- - - - - -- -- - - - - -- -- - - - - --
-------- -- - - - - -- -- - - - - --
[1
1]
11
I
I
II
This page intentionally left blank. '
GENERAL FIXED ASSETS
' This account group is established to account for the fixed assets owned
by the City exclusive of those relating to Proprietary Fund operations.
Expenditure transactions to acquire general fixed assets occur in the
General Fund.
[_]
1
11
11
J
67
I
11
1
I
I
11
i
i'
This page intentionally left blank. '
LJ
t
t
City of Schertz, Texas
Comparative Schedule of General Fixed Assets - By Source
September 30, 1991 and 1990
ASSETS
General fixed assets:
Land
Buildings
Improvements other than buildings
Vehicles
Equipment
Investment in general fixed assets by source:
General fund
Capital projects:
General obligation bonds
Cerificates of obligation
Time warrants
Contractual obligations
Contributed
1991 1990
-- - - - - -- -- - - - - --
$326,001
1,013,103
6,763,193
599,091
- -- 830,517
$9,531,905
$326,001
1,013,103
6,718,720
611,349
- -- 726,194
$9,395,367
$1,787,402 $1,767,050
491,364
491,364
41,913
41,913
317,005
317,005
113,614
-
6,780,607
6,778,035
$9,531,905
----- - - - - --
-----------
$9,395,367
------ - - - - --
------ - - - - --
City of Schert2, Texas
Schedule of General Fixed Assets -
By Function and Activity
For the Year Ended September 30, 1991
Transfers
Balance
Between
Balance
October 1,
Depart-
Deduc-
September 30,
1990
Additions
ments
tions
19c1
General government
-- - - - - --
$717,533
--- - - - - --
$125,725
-- - - - - --
$2,024
- - - - - --
$ -
----- - - - - --
$845,282
Public safety:
Police
333,716
2,914
-
(23,715)
312,915
Fire
497,846
2,336
-
-
500,182
Inspection
18,721
1,204
2,196
-
22,121
Street:
6,364,020
20,705
(3,936)
(2,118)
6,378,671
Pool
537,701
3,620
-
(285)
541,036
Parks
642,370
2,173
(420)
(1,867)
642,256
Health:
Animal control
40,647
1,407
420
(450)
42,024
Library
242,813
- - - --
4,605
- - - - - --
-
- - - - - --
-
- - - - - --
247,418
--- - - - - --
---- -
$9,395,367
---- - - - - --
----------
$164,689
- - - - - --
- - - - - --
$284
- - - - - --
- - - - - --
($28,435)$9,531,905
- - - - --
- - - - --
--- - - - - --
--- - - - - --
70
1
'
Components of
General Fixed
Assets
---- - - - - --
------ ---
-------- ------
Improvements
------- ---------------
Other Than
'
Land
- - - - - --
Buildings
---- - - - - --
Buildings
---- - - - - --
Vehicles
-- -
Equipment
'
$21,913
$623,236
$46,554
- - - --
$6,6'!6
--- - - - - --
$146,903
'
-
-
-
136,822
176,093
12,000
65,000
2,318
268,531
152,333
i-
-
138
11,113
10,870
'
83,227
1,349
5,959,528
151,223
183,344
527,492
13,544
'
182,662
193,810
184,962
17,998
62,824
3,168
5,284
11,000
6,728
15,844
'23,031
124,424
- - -- 31,201
-
-- 68,762
$326,001
-- - - - - --
$1,013,103
---- - - - - --
$6,763,193
---- - - - - --
$599,091
-- - - - - --
$830,517
-- - - - - --
--------
---- - - - - --
---- - - - - --
-- - - - - --
-- - - - - --
1
70
This page intentionally left blank.
I
1
1
1
1
1
1
I
1
1
STATISTICAL SECTION
71
City of Schertz, Texas TABLE 1
General Governmental Expenditures By Function - - - - - --
Fiscal
General
Public
Streets
Total (1)
Year
- - --
Government
---- - - - - --
Safety
-- - - - - --
And Parks
--- - - - - --
Health
- - - - - --
Other
- - - - - --
Expenditures
------ - - - - --
1982
$330,999
$233,828
: >116,694
$61,683
$142,322
$885,706
1983
402,757
245,926
132,088
26,786
105,525
913,082
1984
486,178
310,000
167,002
30,885
105,455
1,099,520
1985
566,490
353,023
173,251
45,076
99,770
1,237,610
1986
620,680
416,578
202,929
43,929
182,739
1,466,855
1987
715,242
488,536
318,719
55,657
188,193
1,766,347
1988
807,754
523,000
283,323
47,507
216,662
1,878,246
1989
934,517
582,673
289,539
50,243
189,199
2,046,171
1990
654,009
796,823
327,797
56,150
339,241
2,174,020
1991
659,815
836,031
342,974
65,816
436,419
2,341,055
(1) Includes general, special revenue
and debt service funds
72
1
1
1
1
City of Schertz, Texas
General Government Revenues By Source
TABLE
(1) Includes general, special revenue
and debt service funds
(2) Reclassification among these catagories performed in 1991
73
Licenses
Charges
Fines
Fiscal
And
For
And
Year
- - --
Taxes
- - - - - --
Permits
--- - - - - --
Services
--- - - - - --
Forfeitures
----- -- - - --
Other
- - - - --
Total (1)
---- - - - - --
1982
$610,301
$19,054
$71,096
$74,136
$283,650
$1,058,237
1983
688,169
31,434
29,591
60,581
221,900
1,031,775
1984
799,876
76,517
33,959
78,149
228,838
1,217,339
1985
926,883
73,521
30,440
92,437
200,701
13,323,982
1986
1,068,305
117,685
30,717
121,054
173,894
1,511,655
1987
1,152,108
76,821
32,459
159,837
203,837
1,625,062
1988
1,308,600
54,627
32,391
139,008
272,230
1,806,856
1989
1,360,611
53,045
31,235
145,830
305,348
1,896,069
1990
1,540,027
42,194
72,781
217,311
305,977
2,178,290
(2)
(2)
1991
1,746,053
43,826
276,508
201,512
156,737
2,424,636
(1) Includes general, special revenue
and debt service funds
(2) Reclassification among these catagories performed in 1991
73
City of Schertz, Texas
Property Tax Levies and Collections
TABLE
74
Ratio
Rates
Of
0f
Total
Out
Del in-
Percent
Tax
stand-
quent
Current
Of
DeIin-
Total
Collec-
ing
Taxes
Total
Tax
Current
quent
Tax
tions
Delin-
To
?fiscal
Tax
Ccllec
Levy
Callec
Callec
To Total
quent
Tax
Year
- - --
Levy
- - - - - --
tions
--- - ----
Collected
--- -- - - --
tions
-- - - - ---
tions
-- - - -- --
Tax Levy
- - - - - --
Taxes
- -- - - --
Levy
- - - --
1982
$361,928
$366,344
99.64
$12,120
$378,464
102.48
2,551
0.18
1983
420,897
414,341
98.48
1,379
415,720
98.88
7,810
1.48
1984
448,860
443,070
98.18
10,971
454,047
101.18
9,491
2.18
1985
486,515
481,502
98.98
2,629
484,131
99.58
14,165
2.98
1986
545,931
532,537
97.58
4,193
536,730
98.38
19,523
3.68
1987
610,784
592,291
97,08
1,083
599,374
100.38
29,594
4.88
1988
706,369
614,931
95.68
18,548
694,017
98.258
41,915
5.98
1489
748,602
715,970
95.68
14,943
730,913
97.648
561210
7.58
1990
914,388
864,723
94.68
14,324
884,047
96.78
86,122
9.48
1991
1,005,598
975,352
97.08
37,972
1,013,324
101.08
78,396
7.88
74
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
City of Schertz, Texas
Assessed and Estimated Actual Value of Property
Fiscal Estimated
Levy Year Actual Assessment Assessed
Year Ended Values Percentage Valuations
- - -- - - - - - -- ---- - - - - -- ---- - - - - -- ---- - - - - --
1982 9 -30 -82
1983 9 -30 -83
1984 9 -30 -84
1985 9 -30 -85
1986 9 -30 -86
1987 9 -30 -87
1988 9 -30 -88
1989 9 -30 -89
1990 9 -30 -90
1991 9 -30 -91
$57,488,887
95,658,409
111,263,473
122,414,101
132,968,586
153,457,116
379,674,429
284,253,725
376,676,293
340,903,727
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
75
$57,488,887
95,558,409
106,871,357
111,586,009
125,018,837
147,961,601
285,978,200
290,606,339
287,272,356
272,593,690
TABLE 4
Tax Tax
Rate Levy
.64
$367,928
.44
420,897
.42
448,860
.436
481,515
.436
545,931
.4128
610,784
24705
706,369
.2576
748,602
.3183
914,388
.3689
1,005,598
City of Schertz, Texas
Property Tax Rates - Direct and
Overlapping Governments
City School County
Year ** - - -- - - - - -- - - - - --
County
Road
TABLE 5
* All rate shown are per $100 assessed valuation.
** Year shown is the fiscal year of collection. Taxes
were levied the previous calender year.
76
100%
100%
100%
100%
Assessment
Assessment
Assessment
Assessment
Rate*
- - - --
Rate*
- - - --
Rate
- - ---
Rate
- - --
1982
.64
.8i
.28
.06
1983
.44
.78
.25
-
1984
.42
.74
.24
.04
1985
.440
.97
.2457
.04
1986
.436
1.11
.3450
.0425
1987
.4128
1.14
.3875
.04
1988
.24705
.783
.2852
.0820
1989
.2576
.8882
.1522
.0950
1990
.3183
1.00561
.1418
.0977
1991
.3689
1.20513
.2720
.0850
TABLE 5
* All rate shown are per $100 assessed valuation.
** Year shown is the fiscal year of collection. Taxes
were levied the previous calender year.
76
1
1
TABLE 6
City of Schertz, Texas - - - - - --
Ratio of Net General Obligation Bonded Debt
to Assessed Value and Net General Bonded Debt Per Capita
Fiscal
Year
Ended
9 -30 -82
9 -30 -83
9 -30 -84
9 -30 -85
9 -30 -86
9 -30 -87
9 -30 -88
9 -30 -89
9 -30 -90
9 -30 -91
Estimated Assessed
?opulation Value
9,180
9,250
9,600
11,400
12,500
12,500
12,580
12,580
10,681*
10,900
$57,488,887
95,658,409
106,871,357
11,586,009
125,213,487
147,961,601
285,978,200
290,606,339
287,272,356
272,593,690
* Based on preliminary 1990 Census.
been challenged by the City.
77
This estimate has
Ratio
Net
Of Net
General
Bonded Debt
Bonded
Net General
To Assessed
Debt Per
Bonded Debt
Value
Capita
$508,655
.88%
$55.41
493,450
.52%
53.35
423,009
.40%
44.06
345,035
.31%
30.27
324,351
.26%
25.92
757,798
.51%
60.62
758,401
.27%
60.29
755,115
.26%
60.03
732,510
.25%
68.58
715,300
.26%
65.62
* Based on preliminary 1990 Census.
been challenged by the City.
77
This estimate has
City of Schertz, Texas TABLE 7
Computation of Direct and Overlapping Debt
For the Year Ended September 30, 1991
Total Direct and Overlapping debt
(2.38% of Assessed Value -
$594.82 Per Capita) $6,483,894
* Source of Data - Texas Municipal Reports, City of Schertz,
April 24, 1991 compiled and published by Municipal
Advisory Council of Texas.
Net
Debt
Percent
Amount
---------------
- - - - --
Over-
Over -
Taxing Body
Amount
----- - - - - --
As of
- - - --
Lapping
- - - - - --
Lapping
--- - - - - --
* Alamo Comm. College Dist.
$64,800,000
8 -31 -90
0.02%
$12,960
* Bexar County
128,841,767
3 -31 -90
0 02%
25,768
• Comal County
8,076,254
7 -31 -90
0.09%
7,269
• Comal Independent School
District
30,715,917
8 -31 -90
0.12%
36,859
• Guadalupe County
2,150,769
8 -31 -90
14.75%
317,238
• Schertz- Cibolo- Universal
City Independent
10,337,127
8 -31 -90
51.88%
5,362,901
• San Antonio River Auth.
27,989,384
6 -30 -90
0.02%
5,598
Total Net Overlapping Debt
$5,768,594
City of Schertz
715,300
9 -30 -91
100.00%
715,300
Total Direct and Overlapping debt
(2.38% of Assessed Value -
$594.82 Per Capita) $6,483,894
* Source of Data - Texas Municipal Reports, City of Schertz,
April 24, 1991 compiled and published by Municipal
Advisory Council of Texas.
I
' City of Schertz, Texas TABLE 8
Legal Debt Margin - - - - - --
IFor the Year Ended September 30,1991
I
Texas municipalities are not bound by any direct constitutional
or statutory maximums as to the amount of general obligation bonds
which may be issued; however, all local bonds must be submitted to
and approved by the State Attorney General. It is the established
' practice of the Attorney General not to approve a prospective bond
issue if it will result in the levy of a tax for bonded debt of
over $1.00 for cities under 5,000 population or $1.50 for cities
' over 5,000 population.
C
1
79
City of Schertz, Texas TABLE 9
Ratio of Annual Debt Service Expenditures for - - - - - --
General Obligation Bonded Debt to Total General Expenditures
Last Ten Fiscal Years
Fiscal
Year
Ended
9 -30 -82
9 -30 -83
9 -30 -84
9 -30 -85
9 -30 -86
9 -30 -87
9 -30 -88
9 -30 -89
9 -30 -90
9 -30 -91
Debt Service
------------------------------
Total
Principal Interest
$18,000
$30,131
19,000
29,227
20,000
28,577
21,000
27,878
21,000
26,233
22,000
25,165
24,000
72,90C
39,000
54,75£
45,000
52,045
45,000
49,06)
Debt
$48,131
48,227
48,577
48,878
47,233
47,169
96,900
93,758
97,049
94,067
Expenditures*
$885,568
913,082
1,099,520
1,237,610
1,466,855
1,766,347
1,878,246
2,197,023
2,174,020
2,341,055
Ratio
Of Debt
Service To
Gene ra'-
GovernMental
Expenditures
* Includes General, Special Revenue, and Debt Service Funds.
5.4%
5.3$'
4.4%
3.9%
3.2%
2.7%
5.2%
4.3%
4.5%
4.0%
I
I
I�
FI
I
I
' This page intentionally left blank.
City of Schertz, Texas TABLE 10 -1
Water and Sewer Fund ---- - - - - --
Schedule of Total Operating Expense Before Depreciation
and Debt Service Requirements
Total
Operating
Operating
Fiscal
Expenses
Income
Year
Operating
Before
Before
Ended
- - - --
Revenue
---- - - - - --
Depreciation
------ - - - - --
Depreciation
------ - - - - --
9-30-82
$710,818
$475,356
$235,462
9 -30 -83
793,279
493,880
299,399
9 -30 -84
997,997
607,424
390,573
9 -30 -85
1,172,755
815,805
356,950
9 -30 -86
1,309,269
849,677
459,592
9 -30 -87
1,339,061
888,916
450,145
9 -30 -88
1,502,210
1,056,619
445,591
9 -30 -89
1,729,271
1,045,290
683,981
9 -30 -90
1,557,554
1,087,074
470,480
9 -30 -91
1,515,854
1,139,935
375,919
1
1
1
1
1
t
TABLE 10 -1
Debt Service
Requirements
Number
of Customers
------------------
Principal
---- - - - - --
- - - - --
Interest
-- - - - - --
Total
- - - - --
Coverage
-- - - - - --
---------------
Water
- - - --
- - --
Sewer
- - - --
$35,000
$99,073
$134,073
1.76:1
2,214
2,151
40,000
111,360
151,360
1.98:1
2,246
2,055
70,000
274,977
344,977
1.13:1
2,785
2,133
75,000
224,036
299,036
1.19:1
2,877
2,231
83,000
217,379
300,379
1.53:1
3,208
2,333
105,000
271,454
376,454
1.20:1
3,498
2,639
113,000
262,543
375,543
1.19:1
3,692
2,662
128,000
267,943
395,943
1.73:1
3,859
2,906
138,000
247,580
385,580
1.22:1
3,712
3,028
148,000
236,498
384,498
.98:1
3,751
3,086
R�)
City of Schertz, Texas
Waterworks and Sewer System Fund
Revenue Bond Requirements and Restricted Funds
For the Year Ended September 30, 1991
Interest and Sinking Fund Requirement
Utility System Revenue Bonds,
Series 1968:
Principal Payment, Due 9 -1 -92
Interest Payment, Due 3 -1 -92
Utility System Revenue Bonds,
Series 1973:
Principal Payment, Due 9 -1 -92
Interest Payment, Due 3 -1 -92
Utility System Revenue Bonds,
Series 1975:
Principal Payment, Due 9 -1 -92
Interest Payment, Due 3 -1 -92
Utility System Revenue Bonds,
Series 1981:
Principal Payment, Due 9 -1 -92
Interest Payment, Due 3 -1 -92
Utility System Revenue Bonds,
Series 1987:
Principal Payment, Due 9 -1 -92
Interest Payment, Due 3 -1 -92
Annual
Principal/
Semi - Annual
Interest
$30,000
4,025
4,884
10,000
9,000
25,000
14,890
TABLE 10 -2
Requirement
At
September 30,
Basis 1991
1 /12th
1 /6th
1 /6th
1 /6th
1 /12th
1 /6th
1 /12th
1/ 6th
15,000 1 /12th
34,438 1 /6th
TOTAL REQUIREMENTS
Cash - restricted
Funds Available Over Requirements
$2,500
671
814
833
1,500
2,083
2,482
1,250
5,740
17,873
101,369
$83,496
(Continued)
I
' City of Schertz, Texas TABLE 10 -2
Waterworks and Sewer System Fund ----- - - - - --
' Revenue Bond Requirements and Restricted Funds
For the Year Ended September 30, 1991
1
Reserve Fund Requirement
' The City is required to make monthly deposits sufficient to meet the
total reserve fund requirement within 60 months of the closing date
' for the 1987 issue. City monthly deposits through September 30, 1991
met these requirements.
I
' 1 1/2 Time Average Annual Principal and Interest
Requirement $110,914 $166,371
i
AIM Treasury Fund - NCNB $58,873
' CDs at Schertz Bank & Trust 251,854
Cash 3,299 314,026
- - - - - -- -- - - - - --
' Funds Available Over (Under) Requirement $147_655
I
r
Add
' Year Operating Depre-
Ended Income ciation
- - - -- - - - - - -- -- - - - - --
1991 $29,946 $345,973
REVENUE BOND COVERAGE
--------------- - - - - --
Deduct Bonded
Solid Debt
Waste "Net Require- Coverage
Revenue Revenue" ment Ratio
-- - - - - -- - - - - - -- -- - - - - -- -- - - - - --
$43,612 r $332,307 $110,914 3.0
�(T D
84
a
City
of Schertz,
Texas
TABLE 11
Demographic
Statistics
-- - - - - --
Last
Ten Fiscal
Years
Level In
Per
Years Of
Capita
Median
Formal
School
Unemployment
'
Fiscal
Income
Age
Education
Enrollment
Rate in %
Year
- - --
Population
---- - -
(2)
- - -- - - - - - --
(3)
- - - - --
(3)
- - - - - --
(4)
- - - - - --
(3)
-- - - - - --
'
1982
9,180
est. $7,145
40
12
2,047
7.0%
1983
9.250
est. -
40
12
2,092
6.7%
1984
9,600
est. 7,240
40
12
2,049
5.7%
,
1985
11,400
est. -
40
12
2,064
5.4%
1986
12,500
est. 7,400
41
12
2,154
6.3%
'
1987
12,500
est. -
41
12
2,306
5.7%
1988
12,580
8,300
41
12
2,334
6.2%
'
est.
1989
12,580
est. 8,300
41
12
3,980
7.3%
'
1990
10,555
9,600
42
12
4,175
4.6%
1991
10,900
13,436
35
14
4,309
6.3%
'
Source:
,
(1)
1990
Bureau of the
Census
Department
of Planning, University
of
Texas
'
(2)
Department
of Economics,
University
of Texas
U.S.
Department of
Labor
'
(Information not available
for odd
years)
(3)
Texas
Employment Commission
'
(4)
Schertz
- Cibolo- Universal
City Independent
School
District
a
LI
i
1
1
1
1
11
1
i
1
1
1
1
1
i
1
1 This page intentionally left blank.
1
1
City of Schertz, Texas
Property Value, Construction, and
Bank Deposits
Last Ten Fiscal Years
TABLE 12
Commercial
Residential
Construction
Construction
Fiscal
-----------------
Number
- - - - --
--------------------------
Number
Year
- - --
Of Units
-- - - - -
Value
-- - - - - - --
Of Units
-- - - - -
Value
-- - - - - --
1982
28
$788,616
13
$785,000
1983
56
1,283,600
24
1,655,000
1984
37
6,213,816
330
8,004,622
1985
64
2,779,063
132
7,918,922
1986
15
1,600,154
229
14,590,154
1987
16
1,056,074
132
7,834,243
1988
17
325,577
78
5,726,906
1989
2
478,000
62
5,051,217
1990
22
1,988,605
37
3,408,220
1991
11
938,564
33
2,377,438
t
1
1
Total
Bank Deposits
$26,664,000
29,743,000
31,842,000
34,089,000
40,357,000
56,924,876
64,197,486
62,102,393
81,995,393
62,714,417
Commercial
$12,050,973
13,249,751
14,285,782
15,006,912
15,205,126
15,348,150
53,591,069
64,778,035
50,527,552
32,198,188
TABLE 12
Property Value *
Residential Nontaxable
$49,708,602
50,960,220
91,817,653
91,817,653
95,683,981
102,787,953
148,425,176
202,135,618
205,228,770
177,354,060
Sources: City Building Inspection Records
City Tax Records
S. W. T. Research Center
Schertz State Bank
Pacific Southwest
* Estimated Actual Value
II
$3,770,200
4,120,300
10,457,515
10,828,092
10,828,092
10,828,092
10,828,092
4,556,627
498,074
430,425
City of Schertz, Texas
Principal Taxpayers
For the Year Ended September 30, 1991
Type of
Taxpayer Business
Tri County Business Park
Financial
Institution
Monotech Corporation
Metals /Steel
Garden Ridge Pottery
Mercantile
Riedels, Inc.
Furn. /Apts/
Mobile Park
Negley Paint Co.
Paint Company
Sycamore Partners
Apartment
Complex
Houston Chemical
Wood Treatment
Val Verde Apartments
Apartment
Complex
Windy Meadows
Mobile Home
Mobile Homes
Park
Southwestern Bell
Utility
::
1990
Assessed
Valuation
$14,319,103
8,080,836
6,579,390
4,353,857
3,597,744
3,290,000
2,795,370
1,783,755
1,480,850
1,031,470
$47,312,375
TABLE 13
Percentage
Of Total
Assessed
Valuation
5.250%
2.960%
2.410%
1.600%
1.320%
1.210%
1.030%
0.650%
0.540%
0.390%
17.360%
1
City of Schertz, Texas TABLE 14
Miscellaneous Statistics --------
For the Year Ended September 30, 1991
Date
of Incorporation:
December 1958
Date
First Chapter Adopted:
April 1974
Date
Present Chapter Adopted:
Amended May 1979
Form
of Government:
Council - Manager
Area
- Square Miles:
Storm
1991
23.75
Sanitary
1990
23.75
Building Permits:
1989
22.42
Year Permits Issued
1988
22.37
545
1987
22.38
392
1986
21.32
407
1985
13.14
368
1984
12.82
430
1983
1.53
270
1980
9.90
Miles of Highways, Streets and Alleys:
Streets and Highways,
paved
88.95 miles
Streets, unpaved
6.78 miles
Alleys
3.44 miles
Sidewalks
11.60 miles
Miles of Sewer:
Storm
1.8 miles
Sanitary
35.0 miles
Building Permits:
Value
Year Permits Issued
of Buildings
1991
545
$7,667,699
1990
392
6,652,769
1989
407
6,762,584
1988
368
7,752,335
1987
430
9,725,569
1986
270
16,349,884
1985
378
10,697,985
1984
367
14,218,408
1983
400
5,411,680
1982
375
2,470,000
1981
186
1,444,500
(Continued)
City of Schertz, Texas
Miscellaneous Statistics
Year Ended September 30, 1991
Fire Protection:
Number of stations
Number of employess (full and part -time)
Number of volunteers
Recreation:
Parks:
Number of acres of park
Playgrounds
Swimming pools
Other recreational facilities:
Baseball fields
Softball fields
Large pavilion
Small pavilion
Picnic tables:
Uncovered
Restrooms:
Male
Female
Concessions stands
Community center
City Employees:
30 September 1991
Elections:
TABLE 14
1
1'
30
:i
64
1
1
3
2
10,000 sq. ft. covered
600 sq. ft. covered
4E
6
6
1
1
Co
Number of registered voters
5,024
Number of votes in:
Last municipal election
942
Percentage of registered voters voting in:
Last municipal election
19.0%
Source: Municipal election records
Population:
Census population count
1991
10,900
1990 (Preliminary)
10,555
1980
7,260
1970
4,061
1960
2,281
1950
1,200
1940
600
I
1
I
I
This page intentionally left blank.
I