03-31-2000 district #2ANNUAL FINANCIAL REPORT
OF THE
GUACCO MUNICIPAL UTILITY DISTRICT NO. 2
YEAR ENDED MARCH 31, 2000
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ANNUAL FINANCIAL REPORT
OF THE
GUADCO MUNICIPAL UTILITY DISTRICT NO. 2
YEAR ENDED MARCH 31, 2000
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NUMBER
INDEPENDENT AUDITOR'S REPORT' 1
GENERAL PURSE FINANCIAL STAI EMENTS
COMBINED BALANCE SHEET — ALL GOVERNMENTAL
FUND TYPES AND ACCOUNT GROUPS 2
COMBINED STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES.. ALL GOVERNMENTAL
FUND TYPES 3
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE — BUDGET AND ACTUAL - GENERAL FUND 4
NOTES TO FINANCIAL STATEMENTS 5-13
�;�•
C. AUDITOR'S REPORT ON SUPPLEMENTAL SCHEDULES
14
D. NOTES REQUIRED BY THE WATER DISTRICT ACCOUNTING
MANUAL
5
E. SERVICES AND RATES
15
F. SCHEDULE OF GENERAL FUND EXPENDITURES
17
G. SCHEDULE OF TEMPORARY INVESTMENTS
18
H. ANALYSIS OF TAXES LEVIED AND RECEIVABLE
19
I. ANALYSIS OF CHANGES IN GENERAL FIXED ASSETS
21
J. GENERAL LONG —TERM DEBT SERVICE REQUIREMENTS
BY YEARS
22
K. ANALYSIS OF CHANGES IN GENERAL LONG —TERM DEBT
23
L. COMPARATIVE STATEMENT OF REVENUES AND
EXPENDITURES, GENERAL FUND, AND DEBT SERVICE
FUND — FIVE YEARS ENDED MARCH 31, 2000
24
M. INSURANCE COVERAGE
25
N. BOARD MEMBERS, KEY ADMINISTRATIVE PERSONNEL,
AND CONSULTANTS
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i Jim Robertson
CERTIFIED PUBLIC ACCOUNTANT
1 352 Landa St.
New Braunfels, TX 78130
1
1 INDEPENDENT AUDITOR'S REPORT
Board of Directors
1 Guadco Municipal Utility District No. 2
Guadalupe and Comal Counties, Texas
I have audited the accompanying general purpose financial statements of Guadco Municipal
Utility District No. 2 as of March 31, 2000, and for the year then ended as listed in the table
1 of contents. These general purpose financial statements are the responsibility of the Guadco
Municipal Utility District No, 2 management. My responsibility is to express an opinion on
these financial statements based on my audit.
1 I conduct my audit in accordance with generally accepted auditing standards and generally
accepted government auditing standards. Those standards require that I plan and perform
1 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 also includes assessing
1 the accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. I believe that my audit provides a
reasonable basis for my opinion.
1 In my opinion, the general purpose financial statements referred to above present fairly, in
all material respects, the financial position of Guadco Municipal Utility District No. 2 as
1 of March 31, 2000, and the results of its operations and changes in fund balances for the
year then ended in conformity with generally accepted accounting principles.
,106 12, 2000
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830- 625 -6073
830 - 625 -8225 (Fax)
GUADCO MUNICIPAL UTILITY DISTRICT NO. 2
COMBINED BALANCE SHEET - ALL GOVERNMENTAL FUND TYPES
AND ACCOUNT GROUPS
March 31. 2000
AS5ET5
Cash
Temporary Cash Investments, at Cost
Receivables
Taxes
Accounts
Accrued Interest
Prepaid Insurance
Due from Other Funds
Restricted Assets
Cash and Temporary Cash Investments, at Cost
Property, Plant, and Equipment
Amount Available in Debt Service Fund
Amount to be Provided for Retirement of General
Long -Term Debt
TOTALASSETS
LIABILITIES AND FUND EQUITY
LIABILITIES
Accounts Payable
Regulatory Assessment Payable
Advances from Developer
Payable from Restricted Assets - Deposits
Due to Other Funds
Deferred Revenues
General Obligations Bonds Payable
Total Liabilities
FUND EQUITY
Investment in General Fixed Assets
Fund Balances (Deficit)
Reserved
Unreserved
Undesignated
Total Fund Equity (Deficit)
TOTAL LIABILITIES AND FUND EQUITY
GOVERNMENTAL FUND TYPES
DEBT
CAPITAL
GENERAL. SERVICE
PROJECTS
45,486 19,423
5,232
- 35,604
258,568
- 1,466
11,773 -
1,283
3,586
55,168
117,296 56,493 263,800 1
4,703
175,307 -
5,320 -
- 3,586
1,466
185,330 5,052
51,441 263,800
(68,034) - -
(68,034) 51,441 263,800
117,296 56,493 263,800
The accompanying notes are an integral part of these financial statements.
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ACCOUNT GROUPS
GENERAL
GENERAL
TOTALS
FIXED
LONG.-TERM
(MEMORANDUM ONLY)
ASSETS
DEBT
2000 1999
2,158
-
70,141 93,900
- 555,000 745,382
-
294,172 323,839
-
-
1,466 2,158
-
-
11,773
938,494 - 1,185,701
1,283 1,268
938,494 555,000 1,931,083
3,586 1,104
-
55,168 5,351
938,494
-
938,494 938,494
-
55,027
55,027 89,361
-
499,973
499,973 560,639
938,494
555,000
1,931,083 2,016,114
4,703
1,880
175,307
175,307
- 5,320
5,235
- 3,586
1,104
- 1,466
2,158
555,000 555,000
650,000
- 555,000 745,382
835,684
938,494 - 938,494
938,494
- 315,241
340,964
(68,034)
(99,028)
938,494 - 1,185,701
1,180,430
938,494 555,000 1,931,083
2,016,114
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GUADCO MUNICIPAL UTILITY DISTRICT NO. 2
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES
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YEAR ENDED MARCH 31, 2000
GOVERNMENTAL
FUND TYPES
TOTALS
DEBT CAPITAL
(MEMORANDUM ONLY)
GENERAL
SERVICE PROJECTS
2000
1999
REVENUES
'
Property Taxes
8,065
128,424
136,489
153,251
Water Service
66,456
-
66,456
63,958
Sewer Service
23,078
- •-
23,078
23,958
Penalty and Interest
431
-
431
1,193
Standby & Tap Connection Fees
4,724
-
4,724
9,457
Interest on Time Deposits
2,678
9,864 13,301
25,843
16,723
Other
493
- -
493
558
'
Total Revenue
105,925
138,288 13,301
257,514
269,098
EXPENDITURES
'
Debt Service
Principal Retirement
-
95,000 -
95,000
75,000
Interest and Fiscal Charges
-
58,573 -
58,573
79,740
Purchase Water and Sewer Services
31,577
31,577
35,894
Professional Fees
4,031
- -
4,031
7,230
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Director Fees
Contracted Services
1,800
20,247
- -
1,800
20,247
2,750
23,117
Utilities
3,641
- -
3,641
522
Repairs and Maintenance
Tax Collection Services
8,716
- -
3,252
8,716
3,252
2,450
2,780
Other Expenditures
4,919
- -
4,919
4,253
Capital Expenditures
-
-
-
Total Expenditures
74,931
156,825 u
231,756
233,736
Excess of Revenues Over (Under)
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Expenditures
30,994
(18,537) 13,301
25,758
35,362
OTHER FINANCING SOURCE (USESI
'
Proceeds from 1999 bonds
-
650,000
650,000
-
Retirement of 1984 bonds
-
(650,000)
(650,000)
Issuance costs
-
(20,487)
(20,487)
-
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Other financing (uses)
-
(20,487)
_
(20,487) u
-
FUND BALANCES (DEFICIT) AT
'
BEGINNING OF YEAR
(99,028)
90,465 250,499
241,936
206,574
Transfers
- -
-
-
' FUND BALANCES (DEFICIT) AT
END OF YEAR (68,034) 51,441 263,800 247,207 241,936
' The accompanying notes are an integral part of these financial statements.
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GUADCO MUNICIPAL UTILITY DISTRICT NO.2
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
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FUND BALANCE - BUDGET AND ACTUAL - GENERAL
FUND
YEAR ENDED MARCH 31, 2000
'
GENERALFUND
VARIANCE-
FAVORABLE
,
BUDGET
ACTUAL
(UNFAVORABLE)
REVENUES
Property Taxes
5,584
8,065
2,481
Water Service
62,768
66,456
3,688
Sewer Service
24,159
2.3,078
(1,081)
Penalty and Interest
1,303
431
(872)
Standby & Tap Connection Fees
5,250
4,724
(526)
Interest on Time Deposits
1,161
2,678
1,517
Other
Total Revenue
631
100,856
493
105,925
(138)
5,069
EXPENDITURES
Purchase Water
21,041
15,691
5,350
Water Maintenance and Repair
4,448
8,213
(3,765)
Repairs and Maintenance
3,156
503
2,653
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Electric Utilities
1,591
3,641
(2,050)
Sewer Treatment
16,048
15,886
162
Sewer Maintenance and Repair
2,855
-
2,855
Election Expenses
-
-
-
Director Fees
3,000
1,800
1,200
Legal Fees
10,000
31
9,969
Audit Fees
4,000
4,000
-
Accounting Fees
1,740
1,678
62
Administration
6,276
3,500
2,776
Utility Operation
16,476
15,069
1,407
Legal Notices
72
110
(38)
Telephone
408
406
2
Insurance and Bonds
2,691
2,696
(5)
'
Printing and Office Supplies
600
650
(50)
Postage and Rent
288
286
2
` raxes TN RCC
304
585
(281)
Miscellaneous
111
186
(75)
Total Expenditures
95,105
74,931
20,174
Excess of Revenues Over
(Under) Expenditures
5,751
30,994
25,243
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FUND BALANCE (DEFICIT) AT
BEGINNING OF YEAR
(99,028)
(99,028)
-
'
TRANSFERS
-
FUND BALANCE (DEFICIT)
AT END OF YEAR
(93,277)
(68,034)
25,243
The accompanying notes are an integral
part of these financial statements.
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NOTES TO FINANCIAL STATEMENTS
March 31, 2000
B. Description of Funds
The District has established several funds, in conformance with generally accepted
accounting principles, for the purpose of accounting for transactions in compliance with
legal requirements. Funds and account groups in use by the District in accounting for
its financial activities are as follows:
' Governmental Funds
General Fund - To account for all of the general water and sewer revenue of the District
' and other revenues not specifically levied or collected for other District funds, and for
expenditures related to the maintenance of operations.
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All significant activities and groups on which the GUADCO Municipal Utility District No. 2
(District) exercises oversight responsibility have been included in the general purpose
financial statements, for the fiscal year ended. The District is located in Comal and
Guadalupe counties in Texas. The following criteria regarding manifestation of
oversight were considered by the District in its evaluation of District organizations and
activities:
Financial Interdependency - The District is responsible for its debts and entitled
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to surpluses. No separate agency receives a financial benefit nor imposes a
financial burden on the District.
'
Election of the Governing Authority - The locally elected Board of Directors is
exclusively responsible for all decisions and accountable for the decisions it
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makes.
Designation of Management - The Board of Directors hires the management
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company. The activities under the purview of management are within the scope
of the reporting entity and management is accountable to the Board of Directors
for the activities being managed.
Ability to Significantly Influence Operations - The Board of Directors has the
statutory authority under provision of state law, and specifically the Texas Water
Code, to significantly influence operations. This authority includes, but is not
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limited to, adoption of the budget, control over assets, including facilities and
properties, short-term borrowings, signing contracts, and developing programs
to be provided by the District.
Accountability of Fiscal Matters - The responsibility and accountability over all
funds is vested in the District's management.
'
Purchase and sales of water are provided through an interconnect shared by Guadco
Municipal Utility District No. 2 and another district, Guadco Municipal Utility District No. 1.
There is no oversight relationship among any of the previously described entities, as
each is controlled and directed by its own independently elected governing body.
B. Description of Funds
The District has established several funds, in conformance with generally accepted
accounting principles, for the purpose of accounting for transactions in compliance with
legal requirements. Funds and account groups in use by the District in accounting for
its financial activities are as follows:
' Governmental Funds
General Fund - To account for all of the general water and sewer revenue of the District
' and other revenues not specifically levied or collected for other District funds, and for
expenditures related to the maintenance of operations.
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GUADCO MUNICIPAL DISTRICT NO. 2
' NOTES TO FINANCIAL STATEMENTS
March 31, 2000
' NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
B. Description of Funds (Continued)
Governmental Funds
Debt Service Funds - To account for the source and disposition of funds for paying interest
and principal on general long -term debt and fiscal agents expenses.
vital Project Funds -'To account for the acquisition of capital facilities being financed
from bond proceeds.
Accour�t r ups
General Fixed Assets Accounts - To account for property, plant and equipment of the District.
' General Long -Term Debt Accounts - To account for the unmatured principal of outstanding
bonds.
C. Basis of Accountina
The District maintains its accounting records on the modified accrual basis. The modified
accrual basis recognized revenues that are suspectable to accrual when measurable and
available, and recognizes expenditures when incurred including expenses that normally
' qualify as prepaid expenses. 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. Property taxes remaining
uncollected at year end are reported as deferred revenues, since they are not considered
to be available.
' D. Cash
Cash includes amounts in demand deposits, and interest - bearing deposits held by the District.
Cash in excess of current requirements is invested in various interest- bearing instruments
and is disclosed as part of investments. These deposits and investments were authorized by
legal provisions.
' E. Investments
All investments during the fiscal year consisted of short-term U.S. Treasury Bills and
Investment Pool Securities held in the Districts name and carried at cost. It is the policy
' and practice of the District to hold all Treasury bills to maturity.
F. Receivables
All receivables are reported at gross values. There is no estimate for uncollectible amounts
in the customer water, sewer, and stand -by fee accounts as the deposits have proven to be
adequate to cover liabilities except in non - material amounts.
' G. Interest Receivable
Interest on investments is recorded as revenue in the year the interest is earned and is
' available to pay liabilities of the current period.
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GUADCO MUNICIPAL DISTRICT NO. 2
NOTES TO FINANCIAL STATEMENTS
March 31, 2000
' NOTE
1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
H. Pro ep jy Plant. and Equipment
Property, plant, and equipment, including infrastructure assets, are recorded at costwhen
'
acquired. General fixed assets are recorded as expenditures in the general fund and
capital projects fund at the time of purchase and are capitalized in the General Fixed
Asset Account Group. No depreciation is provided for on the general fixed assets of the
'
District.
Costs related to repairs and maintenance are recorded as expenditures. Significant
renovations and improvements are capitalized when incurred. Interest costs are not
capitalized on projects financed by government grants, third -party donations, or on assets
that will be reported in the General Fixed Assets Account Group.
1. Employee Salaries. Taxes. and Pension Plans
The District has engaged a municipality to oversee the monthly operations in a manner
dictated by the Board of Directors. Thus, the District has no employees and is not required
to pay salaries, payroll taxes, or amounts to pension plans.
'
J. Budaets
The District follows these procedures in establishing the budgetary data reflected in the
financial statements:
'
1. Formal budgetary integration is employed as a management control service
during the year for the general fund and is presented to directors monthly
in the internal accounting information.
2. The manager prepares the budget for Board review usually at the December
'
meeting. The budget is discussed, any changes are made, and the final
budget is presented at the March meeting.
3. The Board approved total budget appropriations.
4. Any unused appropriations in the budget lapse at the end of the fiscal year.
K. Comparative Data
Comparative totals for the prior year have been presented in the accompanying financial
statements in order to provide an understanding of changes in the District's financial position
and operations. However, comparative data by fund type has not been presented in each
of the statements since their inclusion would make the statements unduly complex and
difficult to read.
L. Total Columns on Combined Statements
Total columns on the combined statements are captioned Memorandum Only to indicate
'
that they are presented only to facilitate financial analysis. Data in these columns does
not present financial position, results of operations, or changes in financial position in
conformity with generally accepted accounting principles. Neither is such data comparable
to a consolidation. Interfund eliminations have not been made in the aggregation of this data.
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GUADCO MUNICIPAL DISTRICT NO. 2
NOTES TO FINANCIAL STATEMENTS
March 31, 2000
NOTE 2: STEWARDSHIP COMPLIANCE AND ACCOUNTABILITY
A. Compliance with Bond Covenants
The annual debt service requirements at March 31, 2000, of all bonds is $126,513, and the
balance of the interest and sinking fund and all investment at March 31, 2000, is $55,027.
The District met or exceeded the funding requirements of all bonds issues on a timely basis.
Expenditures and resources of the interest and sinking fund were all of an authorized
nature.
B. Deposits with Financialelnstitutions
All investments, demand deposits, and savings of the District were sufficiently covered
through either FDIC insurance amounts, collateralized deposits in the District's name, held
by other banks, or by nature of the investment (purchase of U.S. Treasury Bills.) Throughout
the fiscal year, the District's only investments were in the form of Investment Pool Securities.
The District records all interest revenue related to the investment activities in the respective
fund in which they were earned.
Deposits
At March 31, 2000, the bank balance of the District's deposits was $70,141.
This entire amount was covered by $100,000 federal depository insurance and
collateral deposits held in the District's name.
The collateral for the District's deposits is categorized to give an indication of the
level risk assumed by the District at year end. Category 1 includes deposits that
are insured, registered or for which the securities are held by the District or its
agent in the District's name. Category 2 includes uninsured and unregistered
deposits for which the securities are held by the counter party's trust department
or agent, but not in the District's name. Category 3 includes uninsured and unregistered
deposits for which the securities are held by department or agent, but
not in the District's name. All deposits are Category 1.
Investments
' The District's investments are categorized to give an indication of level of risk
assumed by the District at year end. Category 1 includes investments that are
insured or registered or for which the securities are held by the District or its agent
1 in the District's name. Category 2 includes uninsured and unregistered investments
for which the securities are held by the counter party's trust department or agent
in the District's name. Category 3 includes uninsured and unregistered investments
' for which the securities are held by the counter party's trust department or agent,
but not in the District's name. The District is currently invested in an Investment
Pool which is a pool of securities authorized by the Public Investment Act of Texas.
' CATEGORY CARRYING MARKET
DESCRIPTION 1 2 3 AMOUNT VALUE
Investment Pool
Securities $ 349,340 $ - $ $ 349,340 $ 349,340
' Investments are stated at cost plus accrued interest, and all investment activities are
conducted through a security firm. Investment Pool Securities are bought and held
at the security firm for safekeeping.
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GUADCO MUNICIPAL DISTRICT NO.2
NOTES TO FINANCIAL STATEMENTS
March 31, 2000
NOTE 3: CREATION OF DISTRICT
Guadco Municipal Utility District No. 2 was created by an order of the Texas Water Rights
' Commission on October 28, 1975, and confirmed by the electorate of Guadco Municipal
Utility District No. 2 at a confirmation election held on April 4, 1981. The District is
operating pursuant to the provisions of Chapter 54, Texas Water Code, as amended. The
' Board of Directors, consisting of five elected property owners, held its first meeting on
April 24, 1979, and the first bonds were sold February 1, 1984.
' NOTE 4: INTERFUND RECEIVABLES AND PAYABLES
The following is a summary of amounts due from and due to other funds at year end:
'
DUE FROM
DUE TO
General Fund
Debt Service Fund
3,586
Capital Projects Fund
Capital Projects Fund
General Fund
-
Debt Service Fund
General Fund
-
3,586
TOTAL ALL FUNDS
3,586
3,586
NOTE 5: GENERAL LONG -TERM
DEBT
'
The following is a summary of changes in general long -term debt:
BONDS
ADD
LESS
BONDS
PAYABLE AT
BONDS
BONDS
PAYABLE Kr
April 1, 1999
ISSUED
RETIRED
March 31, 2.000
Water Works and Sewer
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System Combination
Unlimited Tax and
Revenue Bonds Series
1984
650,000
650,000
Water Works and Sewer
System Combination
'
Unlimited Tax and
Revenues Bonds Refunding
'
Series 1999
650,000
95,000
555,000
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GUADCO MUNICIPAL DISTRICT NO. 2
NOTES TO FINANCIAL STATEMENTS
March 31, 2000
At March 31, 2000, the District's long -term debt consisted of:
RANGE OF GENERAL
INTEREST LONG -TERM CURRENT LONG -TERM
MATURITY RATES DEBT MATURITIES MATURITIES
Water Works and Sewer
- -- - --
System Combination
Unlimited Tax and Serially
Revenue Refunding through
Bonds Series 1999 2005 5.25% 555,000 100,000 455,000
A schedule of bond maturities for the next five (5) years is as follows:
YEAR ENDING MARCH 31,
2001
2002
2003
2004
2005
Total
Principal
Interest
Total
TAX AND REVENUE
BONDS SERIES 199
126,513
126,131
125,488
124,581
128,281
630,994
555,000
75,994
630,994
Tax and revenue bonds authorized and unissued as of March 31, 2000 amounted to $9,025,000.
During June 1999 the Series 1999 Revenue Bonds were approved and sold in the aggregate
amount of $650,000 to refund the Series 1984 Revenue Bonds. The District refunded the
bonds to reduce its total debt service payments over future years by $118,000.
The bonds are payable from the proceeds of an ad valorem tax levied upon all property subject
to taxation within the District, without limitation as to rate or amount, and are further payable from
and secured by a lien on the pledge of the net revenues to be received from the operation of the
District's waterworks and sanitary sewer system.
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GUADCO MUNICIPAL DISTRICT NO. 2
' NOTES TO FINANCIAL STATEMENTS
March 31, 2000
' NOTE 6: WATER AND SEWER SERVICE RATES
The Guadco Municipal Utility District No. 2 has established the following water and sewer service
rates for residential or multi - family customers in effect for the fiscal year ending March 31, 2000:
FOR FISCAL
YEAR 1999 -20.00
Water Service Only
First 3,000 Gallons of Water Used -
Minimum Bill 23.00
Each 1,000 Gallons of Water Used from 3,001 to 6,000 1.59
Increasing the Base by $1.59 by $.24 for
' Each 3,000 Gallons Thereafter
Sewer Service Only
First 5,000 Gallons of Water Used -
Minimum Bill 14.85
Each 1,000 Gallons of Water Used Thereafter 0.55
Deposits
Refundable Deposits - Owner 40.00
Refundable Deposits - Renter 75.00
Tap Fees
Standard Home 2,000.00
Stand by Fees - Per Undeveloped Lot per month 50.00
There vya'semetered water and sewer customers at March 31, 2000.
The rates above have not been sufficient to fund operating costs. ,During 1987, a maintenance
tax of $0.06 per $100 valuation was levied to help defray part of the cost of operations. This levy
was $0.0645 per $100 in the current year and provided the District approximately $8,065 in
spendable general fund revenues.
NOTE 7: CHANGES IN GENERAL FIXED ASSETS
IA summary of changes in general fixed assets follows:
BALANCE NET
APRIL 1, ADDITIONS
1999 (DELETIONS)
BALANCE
MARCH 31,
2000
435,155 -
Water System
125,731 -
Sewage System
129,207 -
Drainage System
80,824 -
Engineering Fees
166,921 -
Organizational Costs (See Page 20)
656 -
Furniture and Fixtures
938,494 -
TOTAL
BALANCE NET
APRIL 1, ADDITIONS
1999 (DELETIONS)
BALANCE
MARCH 31,
2000
435,155 -
435,155
125,731 -
125,731
129,207 -
129,207
80,824 -
80,824
166,921 -
166,921
656 -
656
938,494 -
938,494
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GUADCO MUNICIPAL DISTRICT NO.2
NOTES TO FINANCIAL STATEMENTS
March 31, 2000
NOTE 8: PROPERTY TAXES
Property taxes attach as an enforceable lien on property as of January 1, are due October 1 and
become delinquent on February 1. Property taxes for the District are not limited as to rate
or amount. The District's current tax rate is $1.2187 per $100 of assessed valuation and
assessed valuation is approximately 100% of actual values. Of the $1.2187 per $100 of
assessed valuation, $1.1542 is designated for debt service and $.0645 is designated for
maintenance.
NOTE 9: ADVANCES FROM DEVELOPER
The District has entered into several reimbursement agreements for advances from a developer
to use for payment of general administrative, operations, and maintenance expenditures. It
also entered into a construction agreement for advances for construction. These advances,
plus interest, are to be repaid from the proceeds of a subsequent bond issue pursuant to the
approval by the Texas Water Commission. No advances were made during 2000.
NOTE 10: FUND EQUITY RESERVES AND TRANSFERS FROM CAPITAL PROJECTS FUND
tThe District records one (1) general type of reserve. The one (1) type is used to indicate that
a portion of the fund equity is legally restricted for a specific future use.
Following is a list of all reserves used by the District and a description of each:
Reserved for Debt Service
' An account used to indicate that certain assets are legally restricted by the bond
indenture to be used for specific purposes.
' Reserved for Capital Projects
An account used to indicate that certain assets are generally legally restricted to be
used for specific purposes. Management has researched this fund balance and has
concluded that $100,800 is restricted for the purpose of capital projects. The balance of
the fund has arisen from interest on the investments of the fund.
'
NOTE 11: FXCESS QE EXPENDITURES OVER REVENUES
During the current fiscal year the debt service fund incurred expenditures in excess of revenues
earned. This excess is expected to continue for the next few years until either property values
increase, a tax rate increase is approved, or an increase in water and sewer rates are approved
or a decrease in operating costs.
jNOTE 12: COMMITMENTS AND CONTINGENCIES
The District entered into an agreement during 1985, to construct a 1,145,850 - gallon water storage
facility. The water tank was completed during 1986 and was approved by the City of Schertz
and the Texas Water Commission in May, 1986. The Districts share of the construction and
' engineering costs is approximately $130,700 plus interest.
' 12
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GUADCO MUNICIPAL DISTRICT NO. 2
NOTES TO FINANCIAL STATEMENTS
March 31, 2000
During 1985, the District entered into an agreement authorizing the Guadalupe - Blanco River
Authority to apply on the behalf of the District for a wastewater discharge permit from the Texas
Water Commission. The permit, which was granted in 1987, authorized the District, by itself or in
combination with others, to discharge 700,000 gallons per day of treated effluent. The
District's estimated cost of the permit is $74,300 plus interest.
During 1986, the District entered into an agreement with a developer to construct the underground
waterlines, sewer lines, and related facilities to serve a 240 -acre development project, of
which 87% of the project lies within the service area of the District. The preliminary design
phase work was completed in 1987. The District's total estimated cost of the facilities that lie
within its service area is approximately $120,100.
All three of the preceding paragraphs are subject to the terms and conditions set forth in the
separate contracts, which describe the conditions for reimbursements. The conditions of
payment, in summary, include the approval by the Water Commission of any new bonds that
might be sold for the above stated purposes, the issuance and sale of the bonds and most notably,
the issuance of the bonds will not occur until such time as the development of the 240 acres will
support the retirement of principal and interest on the new bonds. Growth in the District in recent
years does not indicate that this requirement will be achieved in the near future.
The developer in claiming certain additional costs associated with the above mentioned projects,
plus other costs claimed to be reimbursable from work allocated to this District. These costs
will be considered by the Board after reviewing documentation presented by the developer,
should a future bond issue be approved to pay these claimed costs.
The District purchases its water supply form the City of Schertz under a contract date May 25,
1975. The contract is for a term of 30 years, at which time it is renewable for a maximum of
15 years.
INOTE 13: FUND DEFICIT
The District is attempting to recover the general fund deficit through revenues generated by
the increase in metered water and sewer customers, income from the maintenance tax, and
reduction of operating expenses. To the extent that the increase in customers is not sufficient,
water and sewer rate increases will be considered to help defray the cost of operations.
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SUPPLEMENTAL INFORMATION
GUADCO MUNICIPAL DISTRICT NO.2
SUPPLEMENT SCHEDULES INCLUDED WITHIN THIS REPORT
YEAR ENDED MARCH 31. 2000
PAGE
YES
NO
NUMBER
X
C.
INDEPENDENT AUDITOR'S REPORT ON
SUPPLEMENTAL SCHEDULES
14
X
D.
NOTES REQUIRED BY THE WATER DISTRICT
ACCOUNTING MANUAL -ALL NOTES REQUIRED
BY THE WATER DISTRICT ACCOUNTING MANUAL
HAVE BEEN FULLY DISCLOSED IN THE GENERAL
PURPOSE FINANICAL. STATEMENTS
5
X
E.
SERVICES AND RATES
15
X
F.
SCHEDULE OF GENERAL FUND EXPENDITURES
17
X
G.
SCHEDULE OF TEMPORARY INVESTMENTS
18
X
H.
ANALYSIS OF TAXES LEVIED AND RECEIVALBE
19
X
I.
ANALYSIS OF CHANGES IN GENERAL FIXED ASSETS
21
X
J.
GENERAL LONG -TERM DEBT SERVICE
REQUIREMENTS BY YEARS
22
X
K.
ANALYSIS OF CHANGES IN GENERAL LONG -TERM
DEBT
23
X
L.
COMPARATIVE STATEMENT OF REVENUES AND
EXPENDITURES, GENERAL FUND, AND DEBT
SERVICE FUND - FIVE YEARS ENDED
MARCH 31, 2000.
24
X
M.
INSURANCE COVERAGE
25
X
N.
BOARD MEMBERS, KEY ADMINISTRATIVE
PERSONNEL, AND CONSULTANTS
26
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' 352 Landa St.
New Braunfels, TX 78130
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Jinn Robertson
CERTIFIED PUBLIC ACCOUNTANT
INDEPENDENT AUDITOR'S REPORT ON SUPPLEMENTAL, SCHEDULES
Board of Directors
GUADCO Municipal Utility District No. 2
Guadalupe and Comal Counties, Texas
In my opinion, the accompanying information is stated fairly in all material respects in relation
to the general purpose financial statements, taken as a whole, of GUADCO Municipal Utility
District No. 2 for the year ended March 31, 2000, which are covered by my opinion presented
in the first section of this report. The accompanying information is supplemental to the general
purpose financial statements and is not essential for a fair presentation of the financial position,
and the results of operations.
My examination, which was made primarily for the purpose of forming an opinion of the combined
financial statements taken as a whole, included such tests of accounting records, from which
the supplementary information was complied, and such other auditing procedures as I considered
necessary in the circumstances.
The information prior to April 1, 1997 was audited by other auditor's whose unqualified audit
reports -,were issued -at- various dates prior to April 1, 1997.
J�
Junfe 72,2000
14
830- 625 -6073
830 -625 -8225 (Fax)
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GUADCO MUNICIPAL UTILITY DISTRICT NO. 2
E. SERVICES AND RATES
YEAR ENDED MARCH 31, 2000
1. Services Provided by the District:
X Retail Water Wholesale Water Drainage
X Retail Wastewater Wholesale Wastewater Irrigation
Parks /Recreation _ Fire Protection Security
Solid Waster /Garbage Flood Control Roads
Participates in joint venture, regional system, and /or wastewater service
(other than emergency interconnect)
Other (specify) :
1 2. Retail Rates Rased on 5I8 Meter
NIA Retail Rates Not Applicable
' Most prevalent type of meter (if not a 5/8) : NIA
FLAT RATE PER 1,000
MINIMUM MINIMUM RATE GALLONS OVER
'CHARGE USAGE Y/N MINIMUM USAGE LEVELS
WATER $ 23.00 3,000 N $1.59 * 3,0001 To 6,000*
WASTEWATER $ 14.85 5,000 N $0.55 5,001 To Thereafter
'SURCHARGE: $ - -
* Increase $.24 per 1,000 gallons for each 3,000 gallons thereafter
' District employs winter averaging for wastewater usage ? Yes No X
Total water and wastewater charges per 10,000 gallons usage
' (including surcharges) 52.93
3. Retail Service Providers: Number of retail water and/or wastewater* connections within the District
as of fiscal year end. Provide actual numbers and single family equivalents (ESFC) as noted:
INACTIVE
ACTIVE ACTIVE CONNECTIONS
'ONNECTION ESFC (ESFC).A_ ".
Single Family 133 1
Multi- Family -
' Commercial 17
Other - Recreational Centers,
Government, and VFD 1
' TOTALS 151 1
* Number of connections relates to water service, if provided. Otherwise, number of wastewater
connections should be provided.
** Inactive means that water and wastewater connections were made, but service is not being provided.
4. Total Water Consumption (In Thousands) During The Fiscal Year:
Gallons pumped into system: 19,765,250
'Gallons billed to customers: 17,722,400
The accompanying notes are an integral part of these financial statements.
15
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' GUADCO MUNICIPAL UTILITY DISTRICT NO. 2
E. SERVICES AND RATES (CONTINUED)
YEAR ENDED MARCH 31, 2000
' 5. Standby Fees: Does the District assess standby fees? Yes X No
For the most recent full fiscal year, FYE 33- 31 -00,
Debt Service: Total levy
Total Collected -
Percentage Collected
--
Operation &
Maintenance: Total levy $ 4,664
Total Collected $ 4,664
Percentage Collected 100.00%
'Have standby fees been levied in accordance with Water Code Section 50.056, thereby constituting
a lien on property? Yes X No
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6. Anticipated sources of funds to be used for debt service payments in the District's following fiscal
year: Amount
a. Debt Service Tax Receipts 126,513
b. Surplus Construction Funds -
c. Water and /or Wastewater Revenue _
d. Standby Fees _
e. Debt Service Fund Balance to be Used -
f. Interest Revenues _
g. Other (Describe) _
TOTAL ANTICIPATED FUNDS TO BE USED * 126,513
*This total should equal the District's annual debt service for the fiscal year following the fiscal year
reported or in the audited financial statements.
7. Location of District:
Counties in which district is located. QOadalupe and Camel C un s.
Is the District located entirely within one county? Yes No X
Is the District located within a city? Entirely Partly�XX Not at all
City (ies) in which district is located.
Is the District located within a city's extra territorial jurisdication (ETJ)?
Entirely Partly X Not at all
ETXs in which district is located. Schertz. Texas
Is the general membership of the Board appointed by an office outside the district?
Yes No X
If Yes, by whom?
The accompanying notes are an integral part of these financial statements.
16
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GUADCO MUNICIPAL UTILITY DISTRICT NO. 2
F. SCHEDULE OF GENERAL FUND EXPENDITURES
YEAR ENDED MARCH 31, 2000
CURRENT
Personnel (Including Benefits)
PROFESSIONAL FEES
Auditing
Legal
Engineering
PURCHASED SERWCES FOR RESALE
Bulk Water and Sewer Service
Bookkeeping
Utility Operator
Appraisal District
Tax Collector
Administrator
UTILITIES
ADMINISTRATIVE EXPENDITURES
Directors Fees
Office Supplies and Printing
Insurance
Other Administrative Expense
Taxes TNRCC
Legal Notices
Telephone
Repairs and Maintenance
CAPITAL OUTLAY
Acquisition of Fixed Assets
SOLID WASTE DISPOSAL (Sewer Only Not Garbage)
FIRE FIGHTING
PARKS AND RECREATION
OTHER EXPENDITURES
TOTAL EXPENDITURES
Number of persons employed by the District:
(Do not include independent contractors or consultants)
All Services in District Provided by Contractors or City of Schertz, Texas.
The accompanying notes are an integral part of these financial statements.
17
4,000
31
31,577
1,678
15,069
3,500
3,641
1,800
936
2,696
186
585
110
406
8,716
74,931
- Full -time
- Part-time
1
E NDa
GENERALFUND
Investment Pool Securities
DEBT SERVICE FUND
Investment Pool Securities
CAPITAL PROJECIS PROJECTS FUND
Investment Pool Securities
GUADCO MUNICIPAL UTILITY DISTRICT NO. 2
G. SCHEDULE OF TEMPORARY INVESTMENTS
YEAR ENDED MARCH 31, 2000
ACCOUNT INTEREST
NUMBER RATE
#742294649 -20
#742294649 -50
#742294649 -10
COST
BALANCES AT
FUNDS END OF YEAR
GENERAL FUND
Investment Pool Securities 55,168
DEBT SERVICE FUND
Investment Pool Securities 35,604
CAPITAL PROJECTS FUND
Investment Pool Securities 258,568
TOTAL- ALLFUNDS 349,340
5.987
5.987
5.987
MARKET
BALANCES AT
END OF YEAR
The accompanying notes are an integral part of these financial statements.
it
55,168
35,604
258,568
349,340
MATURITY
DATE
None
None
None
RECEIVABLE
AT END
OF YEAR
Percent of Taxes Collected to
Taxes Levied' 98.97% 100.00% 100.00% 100.00%
* Calculated as taxes collected in current and previous years divided by tax levy. In 2000 total
tproperty valuations are reduced by homestead exemptions (2,338,840), and disabled veterans
exemption (324,500).
' The accompanying notes are an integral part of these financial statements.
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GUADCO MUNICIPAL UTILITY DISTRICT NO. 2
H. ANALYSIS OF TAXES LEVIED AND RECEIVABLE
YEAR ENDED MARCH 31,
2000
DEBT
'
MAINTENANCE
SERVICE
TAXES
TAXES
Taxes Receivable at April 1, 1999
90
2,068
'
1999 Original Tax Levy
7,147
127,898
Adjustments to Roll
906
(154)
Total to be Accounted for
8,143
129,812
Tax Collections:
t
Current Year
Prior Years
7,918
147
125,790
2,634
Total Collections
8,065
128,424
TAXES RECEIVABLE AT MARCH 31, 2000
78
1,388
'
Taxes Receivable, By Years 2000
78
1,388
TAXES RECEIVABLE AT MARCH 31, 2000
78
1,388
2000 1999
1998
1997
'
PROPERTY VALUATIONS
Land
2,610,877 2,483,307
2,481,907
2,391,972
Improvements
10, 863,560 10,503,108
10,361,021
10,325,138
Personal Property
270,000 299,210
164,920
155,807
TOTAL PROPERTY
VALUATIONS
13,744,437 13,285,625
13,007,848
12,872,917
2000 1999
1998
1997
TAX RATES PER $100
VALUA`riON
Debt Service
Tax Rates
1.1542 1.36
1.1244
1.1297
Maintenance Tax Rates
0.0645 0.06
0.09
0.0922
TOTAL TAX RATE PER
$100 VALUATION
1.2187 1.42
1.2144
1.2219
1
Original Tax
Levy:
135,045 151,831
147,118
153,379
Percent of Taxes Collected to
Taxes Levied' 98.97% 100.00% 100.00% 100.00%
* Calculated as taxes collected in current and previous years divided by tax levy. In 2000 total
tproperty valuations are reduced by homestead exemptions (2,338,840), and disabled veterans
exemption (324,500).
' The accompanying notes are an integral part of these financial statements.
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GUADCO MUNICIPAL UTILITY DISTRICT NO. 2
' H. ANALYSIS OF TAXES LEVIED AND RECEIVABLE (CONTINUED)
YEAR ENDED MARCH 31, 2000
Tax rate for any other special district which encompasses less than a county, (b) provides water,
wastewater collection, drainage or roads to property in the District and (c) taxes property in the
District.
' Name of Special
District (s) Service Provide Tax Rate
'N/A-- N/A $
Total Rate (s) of Special District (s)
' Tax rates for all overlapping jurisdiction Tax Rate
' a. County Guadalupe $ 0.337
' b. City N/A -
c. School District Schertz I.S.D. 1.4299
' d. Special District (s) not included above:
e. Total Special District (s) (from top of this page) -
' f. Total District (from previous page) 1.2187
Total Overlapping Tax Rate (Sum of a -f 2.9856
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' The accompanying notes are an integral part of these financial statements.
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GUADCO MUNICIPAL UTILITY DISTRICT NO .2
ANALYSIS OF CHANGES IN GENERAL FIXED ASSETS
YEAR ENDED MARCH 31, 2000
AMOUNTS PROVIDED BY:
BALANCES
BALANCES
Capital Projects Fund:
April 1, 1999
ADDITIONS DELETIONS March 31, 2000
PHYSICAL FACILITIES:
166,921
166,921
Water System
435,155
- - 435,155
Sewage System
125,731
- - 125,731
Drainage System
129,207
- - 129,207
Engineering Fees
80,824
- 80,824
Capitalized Construction
-
-
Furniture and Fixtures
656
- 656
Contribution
-
TOTAL PHYSICAL FACILITIES
771,573
- 771,573
PROVIDED
ORGANIZATIONAL COSTS:
938,494
The accompanying notes are an integral part of these financial statements.
Fiscal Agent Fees
3,943
- - 3,943
Legal Fees
59,408
- - 59,408
Director Fees
900
- - 900
Operations During
Construction Period
80,147
- - 80,147
Creation Cost
22,523
- - 22,523
TOTAL ORGANIZATIONAL
COSTS
166,921
- - 166,921
TOTAL GENERAL FIXED
ASSETS
938,494
- - 938,494
AMOUNTS PROVIDED BY:
Capital Projects Fund:
Bonds Proceeds
166,921
166,921
Revenues
Debt Service Fund:
Revenues
716,364
716,364
General Fund:
Revenues
55,209
55,209
Developer
Contribution
-
-
TOTAL AMOUNTS
PROVIDED
938,494 -
938,494
The accompanying notes are an integral part of these financial statements.
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GUADCO MUNICIPAL UTILITY DISTRICT NO.2
J. GENERAL LONG -TERM DEBT SERVICE REQUIREMENTS - BY YEARS
YEAR ENDED MARCH 31, 2000
DUE DURING
SERIES 1999
FISCAL YEARS
PRINCIPAL
INTEREST
ENDING
DUE
DUE
MARCH 31,
Mar -01
Mar -01, Sep -01
TOTAL
2001
100,000
26,513
126,513
2002
105,000
21,131
126,131
2003
110,000
15,488
125,488
2004
115,000
9,581
124,581
2005
125,000
3,281
128,281
TOTALS
555,000
75,994
630,994
The accompanying notes are an integral part of these financial statements.
22
GUADCO MUNICIPAL UTILITY DISTRICT NO.2
' K. ANALYSIS OF CHANGES IN GENERAL LONG -TERM DEBT
YEAR ENDED MARCH 31, 2000
BOND ISSUE- BOND ISSUE -
SERIES 1999 SERIES 1984
' Interest Rate 5.25% 9.60% to 10.75%
Dates Interest Payable March 1; September 1 March 1; September 1
' Maturity Dates March 1, 2000 to March 1, 2005 March 1, 1989 to March 1, 2005
' Maturity Outstanding at Beginning
of Current Period
Bonds Sold During Current Period 650,000
Retirements - Principal 95,500
Bonds Outstanding at End of
Current Period 555,000
' Interest Paid During the
Current Year 23,698
PAYING AGENT'S NAME AND ADDRESS
Series 1984 & 1999 Chase Bank N.A., Post Office Box 2320, Dallas, TX 75221
BOND AUTHORITY TAX BONDS OTHER BONDS
' Amount Authorized by Voters 10,200,000
Amount Issued 1,175,000
Remaining to be Issued 9,025,000 -
' Debt Service Fund Cash and Temporary Investments balances as of March 31, 2000:
Average annual Debt Service payment (Principal & Interest) for remaining term of all debt:
The accompanying notes are an integral part of these financial statements.
23
650,000
650,000
34,875
REFUNDING BONDS
55,027
126,199
GUADCO MUNICIPAL UTILITY DISTRICT NO. 2
L. COMPARATIVE STATEMENT OF REVENUES AND EXPENDITURES
GENERAL FUND AND DEBT SERVICE FUND
FIVE YEARS ENDED MARCH 31, 2000
EXPENDITURES
3,252
2,780
AMOUNTS
6,032
11,278
Purchase Water and Sewer Services
2000
1999
1998
43,048
1996
GENERAL FUND REVENUES
5,831
9,980
_
_1997
8,100
Property Taxes
8,065
6,519
10,963
11,475
10,413
Water Services
66,456
63,958
59,326
55,499
56,997
Sewer Services
23,078
23,958
25,682
22,714
22,496
Penalty and Interest
431
1,193
296
520
158
Standby & Tap Conn. Fees
4,724
9,457
8,055
2,750
1,200
Interest on Time Deposits
2,678
1,249
969
615
532
Other
493
558
415
-
-
Total Revenues
105,925
106,892
105,706
93,573
91,796
EXPENDITURES
3,252
2,780
946
6,032
11,278
Purchase Water and Sewer Services
31,577
35,894
41,692
43,048
41,380
Professional and Director Fees
5,831
9,980
23,713
11,681
8,100
Contracted Services
20,247
23,117
18,157
18,231
18,484
Utilities
3,641
522
1,816
2,746
1,639
Repairs and Maintenance
8,716
2,450
-
16,049
18,236
Other Expenditures
4,919
4,253
3,471
4,181
4,791
Capital Outlay
-
-
656
-
27,122
Total Expenditures
74,931
76,216
89,505
95,936
119,752
EXCESS REVENUES
(EXPENDITURES)
30,994
30,676
16,201
(2,363)
(27,956)
DEBT SERVICE FUND REVENUES
Property Taxes
128,424
146,732
136,626
144,225
135,433
Penalty and Interest
-
-
-
_
Interest on Time Deposits
9,864
4,396
4,697
4,625
6,150
Total Revenue
138,288
151,128
141,323
148,850
141,583
EXPENDITURES
Tax Collection Services
3,252
2,780
946
6,032
11,278
Debt Service, Interest, and Fees
153,573
154,740
149,557
150,858
153,600
Other Expenditures
-
-
-
-
-
Total Expenditures
156,825
157,520
150,503
156,890
164,878
EXCESS REVENUES
(EXPENDITURES)
(18,537)
(6,392)
(9,180)
(8,040)
(23,295)
TOTAL ACTIVE RETAIL WATER AND/
OR WASTEWATER CONNECTIONS
151
151
147
147
146
The accompanying notes are an integral part
of these financial statements.
24
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PERCENT OF FUND TOTAL REVENUE
2000
1999
1998
1997
1996
7.62
6.10
10.37
12.26
11.34
62.74
59.83
56.13
59.31
62.09
21.79
22.41
24.29
24.27
24.49
0.40
1.12
0.28
0.56
0.17
4.46
8.85
7.62
2.94
1.31
2.53
117
0.92
-
0.60
0.46
0.52
0.39
0.66
130.73
100.00
100.00
c- 100.00
100.00
100.00
29.80
33.58
39.44
46.00
45.18
5.51
9.34
22.43
19.48
8.84
19.12
21.63
17.18
19.48
20.18
3.44
0.49
1.72
2.93
1.78
8.23
2.29
-
17.15
19.91
4.64
3.97
3.28
4.47
5.23
-
-
0.62
-
29.61
70.74
71.30
84.67
109.51
130.73
29.26
92.87
7.13
100.00
28.70
97.09
2.91
100.00
15.33
96.68
3.32
100.00
96.89
3.11
100.00
(30.73)
95.66
2.35
1.84
0.67
4.05
7.97
111.05
102.39
105.83
101.35
108.49
-
-
-
-
0.00
113.40
104.23
106.50
105.40
116.46
(13.40)
(4.23)
(6.50)
(5.40)
(16.46)
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GUADCO MUNICIPAL UTILITY DISTRICT NO, 2
i M. INSURANCE CONVERGE
YEAR ENDED MARCH 31, 2000
i
No
Stock
No
Stock
No
Stock
AMOUNT
iTYPE
OF COVERAGE
OF COVERAGE
NAME
Public Officials Faithful
Performance (5 Directors)
$10,000 Each
Hartford Insurance
Employee Dishonesty Bonds -
Bookkeeper, Operator &
iAttorney
$10,000 Each
Hartford Insurance
Liability:
Automotive -
i
Property Damage and
Bodily Injury
$2,000,000
New Hampshire Ins.
i
Comprehensive:
General
$4,000,000
New Hampshire Ins.
iPersonal
Injury
$2,000,000
New Hampshire Ins.
Fire
$50,000
New Hampshire Ins.
iMedical
New
$5,000
Hampshire Ins.
Directors & Officers
i
Liability
$1,000,000
Mid Continent
iBusiness
Travel
$50,000
AIG Life Ins.
1
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iThe
accompanying notes are an
integral part of these financial statements.
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INSURER
CORPORATION CLAUSE
STOCKIMUTUAL COINSURANCE
Stock No
Stock No
Stock No
Stock
No
Stock
No
Stock
No
Stock
No
Stock No
Stock No
GUADCO MUNICIPAL UTILITY DISTRICT NO. 2
N. BOARD MEMBERS, KEY ADMINISTRATIVE PERSONNEL, AND CONSULTANTS
YEAR ENDED MARCH 31, 2000
Complete District Mailing Address: 4820 Scenic Drive
Cibolo, Texas 78108
District Business Telephone Number: (210) 629 -0688
TERM OF FEES
OFFICE ELECTED AND EXPENSE RESIDENT
AND EXPIRES REIMBURSEMENTS TITLE AT OF
NAME AND ADDRESS OR DATE HIRED March 31, 2000 YEAR END DISTRICT ?
iSH_1c��l�l
Howard F. Judson
3624 Chestnut Court
Cibolo, TX 78108
05 -98 to 05 -02
512.35
President
Yes
John Emmering
3833 Greenridge
Cibolo, TX 78108
05 -96 to 05 -00
550.00
Treasurer
Yes
Betty Zander
3817 Greenridge
Cibolo, TX 78108
05 -98 to 05 -00
406.60
Vice President
Yes
Jerald Newman
3613 Chestnut Court
Cibolo, TX 78108
05 -98 to 05 -02
400.00
Secretary
Yes
Walter Egbert, Jr.
3808 Greenridge
Cibolo, TX 78108
03-99 to 05 -02
250.00
Director
Yes
The accompanying notes are an integral part of these financial statements.
26
1
1
1
1
1
GUADCO MUNICIPAL UTILITY DISTRICT NO. 2
N. BOARD MEMBERS, KEY ADMINISTRATIVE PERSONNEL, AND CONSULTANTS
YEAR ENDED MARCH 31, 2000
TERM OF FEES
OFFICE ELECTED AND EXPENSE RESIDENT
AND EXPIRES REIMBURSEMENTS TITLE AT OF
NAME AND ADDRESS OR DATE HIRED March 31, 2000 YEAR END DISTRICT ?
CONSULTANTS
c
Guadalupe County
Appraisal District
Central
3000 North Austin
Appraisal
Seguin, `fX 78155
Nov -80
$1,907.98
District
No
Guadalupe County Tax Office
Tax
307 W. Court
Assessor -
Seguin, TX 78156
Jan -96
$100.00
Collector
No
City of Shertz
Utility
10 Commercial Place
System
Schertz, TX 78154
Jan -97
$15,069.78
Operator
No
Jane Olm
4005 Oak Court
Ci bolo, TX 78108
Feb -97
$4,205.11
Administrator
Yes
Charles T. Allen, CPA
831 Landa St., Suite E
New Braunfels, TX 78130
Oct -97
$1,678.30
Bookkeeper
No
Bill Corsbie, P.C.
3708 Clawson Road
Austin, TX 78704
Apr-99
$10,401.86
Attorney
No
Jim Robertson, CPA
352 Landa St.
New Braunfels, TX 78130
Dec -97
$4,000.00
Auditor
No
Samco Capital Markets
1111 Katy Freeway, Ste 725
Financial
Houston, TX 77079
Mar -99
$6,527.25
Advisor
No
The accompanying notes are an integral part of these financial statements.
27