CAFR FY 1979-1980
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ANNUAL FINANCIAL REPORT
OF THE
CITY OF SCHERTZ, TEXAS
FOR THE FISCAL YEAR ENDED
September 30, 1980
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MAYOR
Jack M. Stomackin, Sr.
CITY COUNCIL
Jeff Duffield.
Richard L. Howe, Sr., Mayor Pro-Tem
Jacqueline T. Lawler
Earl W. Sawyer
Barbara Taylor
CITY MANAGER
Jimmy G. Gilmore
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ASST. CITY MANAGER/CITY SECRETARY
ASST. CITY SECRETARY/COURT CLERK
I PT 1 INTERN I 1 TAX ASSESSOR/COLLECTOR
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POLICE DEPARTMENT ADMINISTRATION INSPECTION FIRE DEPARTMENT SAFES
1 Ch i ef 1 Bookkeeper 1 Inspector PT 1 Fire Chief 1 Administrator
1 Patrol Sgt. 1 Computer Operator PT 1 Fire Marshal
1 Investigator 2 Utility Clerks
6 Patrolmen 1 Ceta Clerk
1 Office Clerk PT 1 Custodian LIBRARY COMMUNITY
4 Dispatchers DEVELOPMENT
'T 2 Crossing Guards PT 1 Librarian
1 Animal Control 1 Admin. Asst. CETA
PUBLIC WORKS
1 Di rector
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STREETS/PARKS ~IATER/SEWER .RECREATOPM
1. Supervisor 1 Supervisor PT 1 Summer Director
2 Workers I I 2 Servicemen PT 6 Lifeguards
2 Workers I 2 Workers PT 1 Cashier
PT 4 Summer Hire
CITY MANAGER
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Full Time = 38
Part Time = 19
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CITY OF SCHERTZ, TEXAS
ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED SEPTEMBER ~O, 1980
Table of Contents
Introductory Section:
Letter of Transmittal
Auditor's Report
General Purpose Financial Statements:
Page
Combined Balance Sheet - All Fund Types and Account Groups
1
Combined Statement of Revenues, Expenditures and Changes in Fund
Balances - All governmental Fund Types and Expendable Trust Funds
2
Combined Statement of Revenues, Expenditures, and Changes in Fund
Balances - Budget and Actual - General and Special Types
3
Statement of Revenue, Expenses, and Changes in Retained Earnings - Water
Wor~s and Sewer System Fund
4
Statement of Changes in Financial Position - Water and Sewer Fund
5
Notes to Financial Statements
6-11
Combining Statements by.'Fund Type:
General Fund
Statement of Revenues and. Expendittires _ Budget and Actual
12-13
Debt Service Fund
Balance Sheet
Statement of Revenues, Expenditures, and Changes in Fund Balance -
Budget and Actual
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15
Capital Projects Funds
Combining Balance Sheet
Combining Statement of Revenues, Expenditures, and Changes in Fund
Balances
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17
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CITY OF SCHERTZ, TEXAS
ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED SEPTEMBER 30, 1980
Table of Contents
(continued)
Gombining Statements by Fund Type: (continued)
Trust and Agency
Combining Statement of Changes in Assets and Liabilities - All
Trust and Agency Funds
General Fixed Asset Group of~Accounts
Statement of Changes in General Fixed Assets Investments - by Source
General Long-Term Debt Group of Accounts
General Bonded Debt:
Summary of Debt Service Requirements, 1980-2001
Sewer System Bonds, Series 1962
Street Improvement Bonds, Series 1972
Texas General Obligation Bonds, Series 1975
Supplemental and Statistical';
General Fund Revenue By Source and Expenditure By Function
Assessed Valuations and Tax Levies
Tax Levies and Taxes Collected
Schedule of Taxes Collected and Receivable
Ratio of Net Bonded Debt to Assessed Value and Net General Bonded Debt
Per Capita (1973-1980)
Overlapping Debt '.
Property Tax Rates - all overlapping governments
Ratio. of Annual Debt Service Expenditures. For General Bonded'Debt to Total
Governmental Fund Expenditures
Property Values of New Construction, and Bank Deposits - Last. Ten Fiscal
Years
Principal Tax Payers
Page
18:-19
20
21
22-23
24
25-26
27
28
28
29
30
30
31
32
33
34
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CITY OF SCHERTZ, TEXAS
ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED SEPTEMBER 30, 1980
Table of Contents
(continued)
Combining Statements by Fund Type: (continued)
Page
Utility System Revenue Bonds
Summary of Debt Service Requirements
Revenue Bonds - Series 1968
Revenue Bonds - Series 1973
Revenue Bonds - Series 1975
Revenue Bond Requirements and Restricted Funds Available
Revenue Bond Coverage
35
36
37
38-3\l
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41
Insurance and Bond ~overage
42
Miscellaneous-Statistical Data
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1400 LIVE OAK ROAD
P.O. DRAWER I
SCHERTZ, TEXAS 78154
AC (512) 858.7477
OFFICE OF THE
CITY MANAGER
Janua ry 9, 1981
Honorable Mayor and City Coun~ilmembers
Ci ty of Schertz
Texas
The Comprehensive Annual Financial Report of the City of Schertz, Texas,
for the fiscal year' ended September 30, 1980, is submitted herewith. Responsi-
bility for both the accuracy of the presented data and the completeness and fair-
ness of the presentation including all disclosures rests with the City. The
data, as presented, is accurate in all material aspects. It is presented in
a manner designed to set forth the financial position and results of operations
of the City as measured by the financial activity of its various funds. All
disclosures necessary to enable the reader to gain the maximum understanding of
the City's financial activity have been included.
Accounting System and Budgetary Control
The City's accounting records for general governmental operations are
maintained on a modified accrual basis, with revenues beingrecorded'whenre-
ceived and measurable, and expenditures being recorded when the services or
goods are recei ved and the 1 iabi 1 iti es are incurred. Accounti ng records for the'
City's utilities and other enterprises are maintained on the accrual basis.
In developing and altering the City's accounting system, 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 and
the reliability of financial records for preparing financial
statements and maintaining accountability for assets.
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 requires
estimates and judgments by management.
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page 2 - ltr to Mayor & City Council, dated Jan. 9, 1981
All internal control evaluations occur within the above framework.
The City's internal accounting controls adequately safeguard assets, and
provide: reasonable assurance of proper recording of financial transactions.
Budgetary control is maintained by the use of purchase order pro-
cedures that require incumbrance of the estimated purchase amounts prior to
the release of purchase orders to vendors. Open incumbrances are reported
as reservations of fund balance at September 30, 1980.
The Reporting Entity and Its~ Services
The funds and entities related to the City of Schertz included in the
Annual financial report are controlled by, or dependent on,the, City. Deter~
mination of "controlled by or dependent on" is based on cY'iteria developed
by the Federal Bureau of the Census. The criteria deal with existence as an
organized entity; governmental character, and substantial autonomy. Based on
these criteria, the various funds and account groups (being all the fund and
account groups of the City) are included in the report.
The City provides the full range of municipal services contemplated by
statute or charter. This includes police and fire, health, public improvements,
planning and zoning and general administrative services.
General Governmental Functions
Revenues for general governmental functions totaled $759,794 in 1980, a
decrease of 4.2% from 1979. Property taxes produced 34.9% of general revenues
compared to 34.7% last year. The amount of revenues from various sources and
the increase/decrease from last year are shown in the following tabulation:
Increase
(decrease)
from 1979
Revenue Source
Amount
Percent of Total
Taxes $439,424 57.8 $35,040
Licenses & Permi ts 6,494 .9 (4,870)
Intergovernmental
Revenues 53,591 7.1 (103,676 )
Charges for Services 55,663 7.4 7,352
Fi nes & Forfeits 58,055 7.6 18,608
Other Revenues 146,567 19.2 14,097
759,794 100% (33,449)
Revenue sources from intergovernmental sources were reduced drastically
dur~ng the year as the grant project came to a close, and the last of the grant
monles expended. The recession in construction is indicated by the loss of
revenues in Licenses and permits.
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page 3 - ltr to Mayor & City Council, dated Jan. 9, 1981
Debt Administration
The ratio of net bond debt to assessed valuation and the amount of
bonded debt per capita are useful indicators of the City's debt position to
municipal management, citizens, and investors. These data for the City of
Schertz at the end of 1980 fiscal year were as follows:
Ratio of Debt
to assessed
val ue (50%
of present
market
Amount
Ratio of
Debt to
present
ma rket
value
Debt per
capita
Bonded Debt
$523,377
.0250
.0125%
68.77
Assessed valuations of $25.5 million represented an increase of 4.5%
over the pre<7ding year..
Current tax collections were 99.14% of the tax levy. This is the eighth
consecutive year in which current property tax collections have exceeded 97%.
The ratio of total collections (current and delinqoent)to the current tax levy
was 99.56%. Allocation of property tax levy by purpose for 1980 and the pre-
ceding two fiscal years are as follows (amounts per $100 assessed value):
Purpose
Genera 1 Fund
1980
.81
.19
1979
.80
.20
1978
.77
.23
General obligation debt
Total Tax Rate
1.00
1.00
1.00
Expenditures for general governmental purposes totaled $982,544, an in-
crease of 29.9% over 1979. This large increase is due mainly to fuel and
utility costs spiraling to new highs and the expenditures in capital outlays
by the completion of the 20" water main and final payment. Increases in levels
of expenditures for major functions of the city over the preceding year are shown
in the following tabulation: Increase
Percent of (Decrease)
Function Amount total from 1979
General government 254,297 25.9% 26,620
Publ ic Safety 202,183 20.6% 30,637
Streets & Pa rks 87,217 8.9% 12,720
Hea lth Servi ces 41,098 4.2% 8,365
Recreation 28,873 2.9% 11,122
Capital Outlay 318,649 32.4 136,783
Debt Service 50,227 5.1 123
982,544 100% 226,370
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Page 4 - ltr to Mayor & City Council, dated Jan. 9, 1981
The City's' bond 'ratings ~are as shown:
Moody's
Investors
Service
General Obligation bonds
Revenue bonds
Baa
Baa-l
Cash Management
Cash temporarily idle during the year was invested in time deposits
ranging from 30 to 90 days to maturity. The interest earned on deposits dur-
ing the year was $12,517. This was $1,502 more interest earned on temporary
investments than during 1979.
Capital Projects Funds
At the end of the fiscal year, completed projects are recorded in the
General Fixed.Assets Account Group and the 'Water and Sewer Fund. During 1980,
projects costing $262,104 were completed.
The Capital Project Fund balances on hand at September 30, 1980 were
represented by $46,216 in cash, including time deposits.
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, 1980,the general fixed assets of the
City amounted to $3,931,007. This amount represents the original cost, or an
estimate of the original cost of the assets, and is considerably less than their
present value. Depreciation of general fixed assets is not recognized in the
City's accounting system. Refer to note A(7) to the financial statements.
Water and Sewer System
The City's water utility continued to show gain in gross revenues,
number of customers, net income, and debt service coverage. Comparative data
for the past two fiscal years are presented in the following tabulation:
Gross revenues
1980
$570,084
135,362
200,539
80,417
1979
$460,283
64,361
129,223 .
76,480
Operati ng Income
Income available for debt service
Debt Service requirements
Coverage (Income available for
debt service divided by average
annual debt service)
2.50
1.68
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page 5 - ltr. to Mayor & City Council, dated Jan. 9, 1981
During the year, $25,000 of regularly maturing revenue bonds were
retired in the water and sewer fund.
Independent Audit
The City Charter requires an annual audit of the books of account,
financial records and transactions of all administrative departments of the
City by independent certified public accountants selected by the City Council.
This requirement has been complied with and the auditor's report has been
included in this report.
Acknowledgements
I 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 a responsible and progressive manner.
Respectfully submitted,
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CARLOS F. MELICK, IV & CO.
Cenified Public Accountants
1533 Pat Booku Road
Universal City, Texas 78148
(512) 658-6229
The Honorable Mayor and
City Council
City of Schertz, Texas
I have examined the accompanying financial statements of the various funds
and account-groups of the City of Schertz, Texas, ,for ' the' year ended'
September 30, 1980, listed in the foregoing table of contents under 'the
caption "General Purpose Financial Statement". My examinations were made in
accordance with generally accepted auditing standards and, accordingly, in-
cluded such tests of the accounting records and such other auditing pro-
cedures as I considered necessary in the circumstances.
The City established detail fixed asset records during the fiscal year
ending September 30, 1980. As described in Note A(7), an aggregate adjust-
ment in the amount of $106,272 was required in order to bring the detail
fixed asset records into agreement with the cumulative purchases reflected
in the General Fixed Asset Group of Accounts.
In my opinion, except for the effects on the'General Fixed Asset Group of
Accounts of the matters referred to in the preceeding paragraph, the state-
ments mentioned above present fairly the financial position of the various
funds and account groups of the City of Schertz, Texas at September 30, 1980,
and the results of operations of such funds and the changes in financial
position of the proprietary for the year then ended, in conformity with
generally accepted accounting principles applied on a basis consistent with
that of the preceding year.
My examination has been made primarily for the purpose of expressing an
opinion on the financial statements of the funds and account groups, each
taken as'a' whole. The a~company.ing combining' statem.!Ut 'for' fund type is
presented' for'analysis purposes and is not necessary for a fair presentation
of the financial information referred to in the first paragraph. It has been
subjected to the tests and other auditing procedures applied in the exam-
ination of the financial statements mentioned above and, in my,,'op:tuion,
except as referred to in the second preceding paragraph, is fairly stated in
all respects material in relation to the financial statements each taken as
a whole.
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December 16, 1980
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CITY OF SCHERTZ. TEXAS
COMBINED STATEMENt OF REVENUES~ EXPEJilDITURES, AND CHANGES IN.FUND 8ALANCES
ALL GOVERNMENTAL TYPE FUNDS AND EXPENDABLE TIWSTFUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 1980
Special Capital
Revenue Proiec.ts
Revenue Debt community
General Sharing Service Development Expendable Total
~ ~ Fund Block Grant Trust 1980 1m
Revenues:
Taxes $ 439,424 $ $ $ $ $ 439.424 $ 404,384
.Licenses and permits 6,494 6,494 11.364
Intergovernmental revenues 53,591 53,591 157,267
Charges for servite8 55.663 55,663 48.311
Fines and forfeits 58,055 58,055 39,447
Miscellaneous 138,061 672 3.955 2.864 1. 009 146.567 132.470
Total revenues 697.703 54.263 3.955 2.864 1,009 759.794 793.243
Expenditures:
Current:
General government 253,474 823 254.297 227,677
Public safety 202.183 202,183 171.546
Streets and parks 87,217 87,217 74,497
Health 41,098 41,098 32,733
Recreation 28.873 28,873 17,751
Capital outlay 56,545 262,104 318,649 181.866
Debt service:
Principal retirement 18,000 18.000 17 ,000
Interest and fiscal charges 32.227 32.227 33.104
Total expenditures 669 , 390 50.227 262.927 982.544 756.174
Excess of revenues ove't" (under) expenditures 28.313 54.263 (46.272) (260,063) (222,750) 37.069
Other Financial Sources (Uses) :
Operating transfers in 30.030 48,261 78.291 133,257
Operating transfers (out) (48,261) (31.163) (2.292) (81,716) (118.525)
Total other financial sources (uses) (18,231) -.U.hIE1) 48.261 (2.292) <3.425) 14.732
Excess of revenues and other sources 10,O8~ 23,100. 1.989 (260.063) (1.283) (226.175) 51,801
Fund balance - October 1 118,044 12 41.634 306.279 14.778 480.807 531.675
Reclass ify insurance reserve to agency (5.424)
Reclassify fire truck reserve to agency (4,245)
Reduction in grant (93,000)
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Fund balances - September 30 $ 128,126 $ 23.172 $ 43.623 $ 46.216 $ 13,495 $ 254.632 $ 480.807
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CITY OF SCUf.R1'Z9 TEXAS
COMBINED STATEMENT OF REVENUE. EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
GENERAL AND SPECIAL REVENUE FUND TYPES
FOR THE YEAR ENDED SEPTEMBER 30-, 19$0
Totals
General Fund Spec;:isl Revenue Fund (MemorandU/l1 Only)
Variance (Revenue Shadng Fund) Variance Variance
Favorable Favorahle Favorable
Budeet ~ (Unfavorable) Budttet Actual (Unfavor~ BudSl:et Actual (Unfavorable)
Rev~:
'axes $ 412.720 $ 439.424 $ 26,704 $ $ $ $ 412.720 $ 439.l!24 $ 26,704
.1censes <1nd permits 6.80'0 6.!'')4 (306) 6,800 6.494 (306)
nter-governmental revenue 38.000 53.591 15.591 38.000 53,591 15,591
harges for services 52,750 55.663 2.913 52,750 55,663 2.913
ioes and forfeits 39.000 58,05S 19.055 39.000 58,05S 19,055
iscellaneous revenueR 82.548 138,067 S5.519 672 672 82.548 138.739 56.191
Total revenues 593.818 697,703 103.885 38,000 54.263 16,263 631.818 751,966 120,148
Expenditures:
ut''t'ent:
General government 266.018 253.474 12,544 266 .018 253,47/t 12,544
Public safety 201,756 202,'18:3 (427) 201,756 202,183 (427)
Streets and parks 87,259 87,217 42 87.259 87,217 42
Health 39,645 41,098 (1,453) 39.645 41,098 (1,453)
Reereation 29,600 28,873 727 29,600 28,873 727
Capital lJoutlay 19.080 56.545 (37 ,465) 19,080 56,545 (37.465)
Total expenditures 643,358 669,390 (26,032) 643.358 669,390 (26,032)
Excess of revenues over (under
expenditures (49,540) 28,313 77,853 16.263 (11.5'0) 82,576 94,116
Other Flnancin~ Sources (Uses):
perating transfers in 114,500 30 ,030 (84,470) 114,500 30,030 (84,470)
perating transfers (out) (49.953) (48,261) 1.692 (38.000) 01.163) _ 6.837 (87.953) (79,424) 8,529
64,547 (18.231) (82,778) (38.000) (31.i.3) 6.837 26,547 (li9,394) (75,941)
xceAS of revenues over (under)
expenditures and other uses 15,007 10,082 (4.925) 23.100 23,100 15,007 33,182 18,175
und balances - October I, 1979 118.044 118 .04[, 72 72 72 118.116 118,116
und balances - Septebmer 30. 1980 $ 133.051 $ 128,126 $ (4.925) $ 72 $ 23.172 $ 23,172 $ 133.123 $ 151.298 $ 18.175
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CITY OF SCHERTZ, TEXAS
STATEMENT OF REVENUE, EXPENSE,' AND CHANGES IN RETAINED EARNINGS
WATER AND SEWRR FUND
FOR THE YEARS ENDED'SEPTEMBER 30, 1979 AND 1980
1980
1979
Operating RevenueS:
Water charges
Sewer charges
Solid waste collection
Other charges
Water line installation
$316,323
192,626
11,744
16,306
33,085
$245,615
185,224
11,171
18,273
Total operating revenue
570,084
460,283
Operating Expenses:
Salaries
Supplies
Maintenance
Electricity
Uniforms
Depreciation
Sewage treatment
Memberships
Meetings and travel
Training schools
Professional services
Printing
Equipment rental
Reimbursement of general and administrative expenses
71,090 68 , 567
8,543 6,346
14,245 13,795
34,620 23,085
386 930
65,177 64,932
170,923 166,648
24
270 333
240 83
300 444
599 1,503
2,606 964
65,723 48,268
434,722 395,922
135.362 64,361
Total operating expenses
Operating income
Non Operating Revenues (Expenses):
Interest income
Interest expense and paying agent fee
27,073 24,445
(55,493) (56,552)
(28,420) (32 ,107)
106,942 32,254
12,702 12,000
(9 ,277) (26,732)
3,425 (14,732)
110,367 17,522
551,885 534,363
$662,252 $551,885
Total non operating revenues (expenses)
Income before 'operating transfers
Operating transfers in
Operating transfers (out)
Net income
Retained earnings - October 1
Retained earnings - September 30
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CITY OF SCHERTZ, TEXAS
STATEMENT OF 'CHANGES IN FINANCIAL POSITION
WATER AND SEWER FUND
FOR THE YEARS ENDED SEPTEMBER 30, 1980 AND 1919
Sources of Working "e'ap;!'tral:
1980 1979
$110,367 $ 17,522
65 ,177 64 ,932
, 175,544 82,454
13,695
1~538 4,389
$177 ,082 $100,538
Operations
Net income
Items not requiring working capital:
Depreciation
Reduction in restri~ted investments
Increase in customer deposits
Total sources or working capital
Uses of Working Capital:
Acquisition of property, plant, and equipment
Retirement of revenue bonds payable
Acquisition of notes receivable
Increase in restricted investments
$104,480
25,000
22,877
24,234
$176,591
83,301
20,000
24,032
Total uses of working capital
$127,333
$(26,795)
Net increase (decrease) in working capital $ 491
Elements of Net in~rease (Decrease) in Working
Capital:
Cash
Investments at cost,"
Accounts receivable
A~counts payable
Due to other funds
$(27,825)
23,198
6,107H
(989)
$ (9,708)
(32,587)
(67)
12,193
3,374
$(26,795)
Net increase (decrease) in working capital $ 491
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CITY OF SCHERTZ! TEXAS
NOTES TO FINANCIAL STATEMENTS - ALL FUNDS AND ACCOUNTS
FOR THE YEAR ENDED SEPTEMBER 30,:1980
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Note A: Summary of Significant Accounting Policies
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A summary of the City's significant accounting policies applied in the preparation of
the accompanying financial statements follows:
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1. Description of funds
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The City operates under a Council-Manager form of government and has establish-
ed a number of funds, inconformity with generally accepted accounting
principles and with the recommendations of the National Council on Govern-
mental Accounting, for the purpose of accounting for transactions in com-
pliance with legal requirements.
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The following types of funds and groups of accounts are used by the City in
accounting for its financial activities:
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Governmental Funds
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General Fund - to account for all financial resources except those required
to be accounted for in another fund or account group.
Debt Service Fund - to ,account for the 'accumulation of resources for, and
the payment of, general long-term debt principal and interest.
Capital Projects Funds - to account for financial resources to be used for
the acquisition or construction of major capital facilities (other than those
financed by Proprietary Funds, Special Assessment Funds, and Trust Funds).
Proprietary Funds
Enterprise Funds - to account for the acquisition, operation, and maintenance
of governmental facilities and services supported by user charges to the
public.
Fiduciary Funds
Trust and Agency Funds - to account for assets held by a governmental unit
in a trustee capacity or as an agent for individuals, private organizations,
other governmental units and/or other funds.
Account Groups
General Fixed Assets Account Groups - to account for property .and equipment,
including construction work in progress, other than that acquired and ac-
counted for through Enterprise and Internal Services Funds.
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CITY OF SCHERTZ, TEXAS
NOTES TO FINANCIAL STATEMENTS - ALL FUND,S AND ACCOUNTS
~FOR THE YEAR ENDED SEPTEMBER 30, 1980
(continued)
Note A: Summary of Significant Accounting Policies (continued)
1. Description of funds (continued)
Account Groups (continued)
General Lo~-term Debt Accounts - to account fori the principal of outstanding
bonds and general notes, except those secured by revenues of the Enterprise
Funds, which are reported therein.
2.
Basis ,of Accounting
The City's annual budget is prepared on the same basis that the City main-
tains its accounts. The modified accrual and accrual basis of accounting,
{lS appropriate; a:r.e' utilized in measuring financial"position and operating
results as follo'Ws': '-
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a.':"Governmental fund revenues and expenditures arerecognlzedon the modifi-
'ed accrual basis. Revenues are recognized in the accounting period in
'which .they become available and measurable. Expenditures are recol):nized
in the 'accounting period in which the fund liability is incurred, if
measurable, except for unmatured intexest on general long-term debt,
which is recogni..ed when due. . Within the governmental funds, ,fines are
the most significant revenue which is not accrued.
b. Proprietary fund revenues and expenses are ,recognized on the accrual
basis. Revenues are recognized in the accounting period in which they
ar,e earned and become meaSurable; expenses are recognized in the period
incurred, if measurable. '.'
c. Fiduciary fund revenues and expenses or expenditures ( as appropriate)
are recognized on the basis consistent, with the fund's accounting measure-
ment objective. Expendable Trust 'Funds are account,ed for on the lll\>dified
accrual basis. Asency Fund assets and liabilities are accounted for on
the modified accrual basis.
'.
3. Investinents
The,City pools idle cash from all funds far the purpose of increasing income
through investment activities. Investments are carried at 'cost which ap-
proximates market value.
4. General Fixed Assets
General fixed assets are recorded as expenditures in tha General Fund and
Capital Projects Funds at the time of. purchase and are capitalized in the
General Fixed Assets Account Group at cost. ,Improvements other: than,
buildings include roads, bridges, curbs and gutters, streets and sidewalks
and similar assets.'
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_~.............. .........L......................., .........;~
NOTES TO FINANCIAL' STATEMENTS '- ,ALL FUNDS AND ACCOUNTS
FOR THE YEAR ENDED SEPTEMBER 30, 1980
(continued)
Note A: Summary of Significant Accounting Policies (continued)
5. Budgets
The City budgets revenues and expenditures for the General Fund, Special
Revenue Fund, and Water and Sewer Fund. Budgets are adopted on an annual basis
and represent the original appropriation ordinance and amendments thereto
as adopted by council. Unencumbered appropriations lapse at the end of each
year.
6. Encumbrance Accounting
Encumbrances, w!J,ich represent commitments for open purchase orders or unper-
formed contracts for goods, or 'services, are reported as a reservation of fund
balance 'in the Geheral' Fti,nd" Special Revenue, Capital Projects Fund, Enterprise
Funds, and IntergoYernmental Service Fund. These outstanding encumbrances
serve as authorizations for expenditures in the subsequent year.
7. Property, Plant and Equipment
The City established detail fixed asset records during the 1980 fiscal year for
the first time. For approximately one-half of the assets, it was necessalW'
for the department head to estimate the original cost, as an inordinate .ex-
penditure of time would have been required to match the particular asset
with its ori&inal purchase document.
In prior years, cumulative purchases were reflected in the general fixed asset
group of accounts and donated assets; assets taken out of service or trans-
ferred between'departments were ,not reflected in the accounts. In order to
bring the cumulative balances into agreement with the physical inventory,
an aggregate adjustment in the amount of $106,272 was required. '
Depreciation is recorded only in the proprietary (water and sewer) fund.
Assets which are capitalized ra~her than shown as an expense when purchased
are those having a cost in excess of $100 and a useful life longer than one
year. Depreciation is then the allocation of, an asset's cost over its
estimated useful life.
Depreciation is recorded on each class of depreciable property in the pro-
prietaryfund using the straight-line method over the estimated useful lives
of the assets. ,Estimated useful lives are as follows:
Water and Sewer Systems
, Buildings
Machinery and Equipment
10-50 years
20 years
5-10 years
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CITY OF SCHERTZ, TEXAS
NOTES TO FINANCIAL STATEMENTS- ALL FUNDS AND ACCOUNTS
FOR THE YEAR ENDED SEPTEMBER 30, 1980
(continued)
Note A: Summary of Significant Accounting Policies (continued)
8. Inter~fund Transactions
During the course of normal operations, the City has numerous transactions
between funds including expenditures and transfers of resources to provide
se+Vlces, construct a~sets and service debt. Transfers are recorded in the
following manner:
a. Quasi-External Transactions and Reimb~rsements
The following types of interfund transactions do not constitute trans-
fers, but are accounted for as fund revenues;, exp~nditures"orna=- '
penses (as appropriate), or adjustments thereto, in the manner
specified.
(1) Quasi-External Transactions Transactions that would 'be-
treated as. revenues, expenditures, or expens,s if they in-
volved organizations external to the ~overn~ental unit-e.g.,
payments in lieu of taxes from an Enterprise Fund to the
'General Fund; Iiiternal!;ervice Fund billings to-departments;
routine employer contributions from ,the General Fund to a
Pension Trust Fund; and routine service charges for inspec-
tim" engine~ring, utilitie$, or similar services provided
by Ii> department financed- frotii.:one ':furidctdac,dep,;ltll.ment' fi~'
naneed from another fund ~ are accounted for a$ 'revenues,
expenditures, orexpens'i's in -the funds involved.
(2) Rdmbursement$'TraMactions which constitute. reimbursements
,of a fund for expenditures or expenses initially made from
it which are properly applicable to another fund e.g., an
"expenditure properly chargeable to a Special Revenue Fund
was initially made from the General Fund, which i$ subsequent-
ly reimbursed - are recorded as expenditure$ or expenses (as
appropriate) in the reimbursinll. funcland as reductions of
the expenditure or expense in the fund that is reimbursed.
b, Transfers
All interfund transactions except loans or advances, quasi-external
transactions, and reimbursements are transfers. The two major categories
of interfund transfers are:
(1) Residual Equity Transfers Nonrecurring or nonroutine transfers of
equity between funds-e.g., contribution of Enterprise Fund or
Internal Service Fund capital by the General Fund, $ubsequent return
of all or part of $uch contribution to the General Fund, and trans-
fers of resiclual balances of discontinued funds. to the General Fund
or a Debt Service Fund.
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NOTES
CITY OF SCHERTZ. TEXAS
TO FINANCIAL STATEMENTS - ALL FUNDS AND ACCOUNTS
FOR THE YEAR ENDED SEPTEMBER 30, 1980
(continued)
8.
Inter-fund Transactions
(continued)
b.
Transfers (continued)
(2)
Operatini: Trans'fers. All other' interfund ,transfers-e. g., legally
authorized transfers from a fund receiving revenue to the fund
through which the resources are to be exp~ded, transfers of tax
revenUes from a~ipecial' Revenue Furid't~ ,aDebt~Service ,Fund,
tranSfers from the Gener~l Fund to a Special Revenue or Capital
Projects Fund, oPerating'subsidY transfers from the General or
a Special Revenue ',Fund to an ,Enterprise Fund, and transfers from
an Enterprise FUnd other than payments in <lieu of taxes and
similar items to finance_General Fund expenditures.
,Note R:
Pension Plan
, .c:.l~;
, 0-,"....;
Substantially all employees of the City 'are covered by a money-purchase pension trust
,
Under this plan the City contributes 4% of each employee's salary ona monthlybas1s;
The amount the employer contributes is vested as follows for employees:
Less than Five Years
Five Years
Six to Ten Years
Eleven to Fifteen Years
-0-
25%
5%
lO%
pe:r year
per year
An employee who quits before the ,five year
his own contributions, and that amount the
payments.
initial vesting period is entitled to only
city contributed is used to offset future
Contributions for the year ended 8eptember 30, 1980 were $10,927.
Note C:
Revenue Bonds Requirements
The City of Schertz has provided for and maintained the various debt
reserve funds as required under the City's Revenue aonds ordinances.
'and sinking fund lias a' .deHciency at September 30', 1980 of $4,943 as
service and
The, interest
shown on paga_40.
Note D:. Financial Statements Not Included
Financial statements are presented for all funds and account groups under control of
, the City.
Financial statements of the Schertz Library Board are not included since this ~rgan-
i~ation is operated by a separate board which is not under the control of city
council. ' ,..., ,
Note E:
Contingencies
The City has received Significant financial assistance from numerous federal, state
and local governmental agencies in the form of grants and federal revenue sharing.
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CITY OF SCHERTZ, TEXAS
NOTES TO FINANCIAL STATEMENTS - ALL FUNDS AND ACCOUNTS
FOR THE YEAR ENDED SEPTEMBER 30, 1980
(continued)
8. Inter-fund Transactions (continued)
Note E: Contingencies (continued)
The disbursement of funds received under these programs generally requires compliance
with terms and conditions specified in, the grant agreements, and is subject to audit
by the grantor agencies. Any disallowed claims resulting from such audits could
become a liability of the General Fund or other applicable funds. However, in the
opinion of management, 1iabiiities resulting from disallowed claims, if any, will not
have a material adverse effect on the City's financial position at September 30, 1980.
Note F: Investments
Investments owned by various city funds are summarized as follows:
Interest
Rates
Total
Cost
Unrestricted
Restricted
Schertz Bank and Trust
Savings account
Certificates of Deposit:
30 day maturity
90 day maturity
5.25%
$ 25,000
162,446
360,765
$
$
25,000
[10% below
average treasury
bill interest rate]
6,000
103,832
156,446
256,933
U. S. Treasury Notes
$15,000 due 2-l5-81
$10,000 due '2-15-82
$80,000 due ll-15-8t
$3,000 due 5~15-87
7% 14,934 14,934
6.37% 10,000 10,000
6.125% 73,000 73,000
12% 2,992 2,992
$ 649,137 $ 210,758 $ 438,379
LOllll;-Term Debt
At September 30, 1980, the City's long-term debt consisted of ,the following:
Range of
Interest
Rates
Unpaid
principal
Current Long-Term
Maturities Maturities
$ 18,000 $ 549,000
25.000 860,000
$ 43.000 $1.409,000
General long term debt
Water and sewer revenue bonds
,
35/8%-7 1/5%$
4 1/2%-7 4/5%
567,000
885,000
$1,452,000
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CITY OF SCHERTZ, TEXAS
STATEMENT" OF REVENUE AND OTHER SOURCES
G,ENERAL FUND
FOR THE YEARS ENDED SEPTEMBER 30,1980 AND 1979
"
Variance
1980 1980 Favorable ,1979
Budget Actual (Unfavorable) Actual
$254,400 $253,997 $ ( 403) $245,508
500 600 100 862
100,900 123",751 23,751 105,791
55,620 58,488 2,868 49,900
2,200 2,588 388 2,323
412,720 439,424 2liP04, 404,384
6,800 6.494 ' (306) , 11,364 '
22,500, 24,494 1,994 22,248
25,000 24,199 (801) 22,185
5,250 6,970 <,"', ,1,720 3,878
52,750 55,663 2,913 48,311
39,000 58,055 19,055 39,447
--".
1,800 1,800 -0- 1,100
3,500 2,651 (849) 2,347
1,000 3,odO 2,000 1,(>74
9,927 8,800 (1,127) 14.,112
3,500 ,3,500 3,329
- ,~-~ 2,228
25,000 (25,000)
2,000 3,868 1,868 2,090
4,000 5,376 1,376 7,698
6,021 6,237 216 6,344
13,000 12,517 (483) 11,015
-~
75,000 75,000 -0- 75,000
1,064
39,500 18,461 (21,039) 52,299
3,348
2,292 2,292
300 742 .~-_. 442 363
16,000 23,853 7,853 18,607
197 ,048 168,097 (28,951) , 202,018
$708 ,,318 $727,733 $ 19,415 $705,524
Taxes:
Ad valorem
.' Tax pi!nalty and interest
City sales tax
Utility fr~nchise
,
Mixed beverage .
Total taxes
Licenses and permits
Charges forseivices:
Swimming' pool
Anlbulance fees
, ,ether,
. -~>,.~.
'Total char'ges for services
Fines and forfeitures
O,tber sources:
Dispatch
BuL\.dil1g rental
Insurance dividends
CETA
STEP
,COlIlprehensive Planning Grant
Sale of building
SAFES - municipal support
Retirement reversion
Cibolo Creek Municipal Authority
Interest
., Transfers:
Water and sewer fund
Swt~in~ pool construction
Revenue sharing fund
Antirecession fund
Insurance f\1Itd
,. Discounts
Donations
_....~
~
~....
Total other sources
Total revenue
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~ITY OF SCHEJ,tTZ', TEXAS
STATEMENT OF EXPENDITURES -,~UDGET AND ACTUAL
GENERAL FUND
FOR THE YEARS ENDED SEPTEMBER 30, 1980 AND 1979
"
,"--."
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1980
Budget
Variance
Favorable'
(Unfavorable)
1980
Actual
,
1979
Actual
Gene'ra;L Gove~n,!Jlent:
City council $ 7,760 $ 7,919 $ (159) $ 6,909
Cj,ty,man~ger 53,427 53,75;; (328) 41,812
Finance 5'8,362 56,558 1,804 56,796
Ta,)c 16,460 16,391 69 20,278
Planning and zoning 135 124 11 8,004
Legal 9,753 9,432 321 8,291
Municipal eourt 1,800 1,800 1,800
~nicipal building 83,376 83,250 126 53,686
Miseellaneoils 85,153 72,761 l2,392 85,616
'retal general .government' 316,226 301,990 14,236 283,192
Public Safety:
Police ,department 17 5,526 179,962 (4,436) 157,270
Fire department 28,158 26,942 1,;216 20,806
Inspection 11,567 10,261 1,306 10,381
Total public safety ,215 .251 2l7,165 (1,914) 188,457
Streets and :Parks:
Engineering l1,4Q() 11,704 (304) 5,133
Streets and parks 81,059 86,704 (5.645) 117,862
Total ,streets and parks 92.459 98,408 (5,949) 122,995
.
He<>llth:
Anim<>ll control i4,290 15,356 (1,066) 11,763
Ambulance serviees 25.355 55,731 (30 ,37~) 47 ,519
, To,tal health 39.645 71,087 (31,442) 59,282
Other :,
RecreatJ..OJl
Stlii1llllling pool 22,370 21,842 528 17,751
Library 7,360 7 ,159 201
Total other 29,730 29,001 729 17 , 75l
Total expenditures $693,311 $717,651 $(24,340) $671,677
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CITY-OF SCHERTZ, TE-XAS
DEBT l;ERVICE FUND
BALANCE SHEET..
FOR THE YEARS ~NDED f-EPTEMBER30, 1980 AND 1979
Cash in bank
Certificates of deposit
Delinquent taxes receivable
Total assets
Deferred revenue
Ad valorem taxes
Fund eql,lity
Fund balance~l,lnreserved
ASSETS
1980
$ 2
43,621
452
$ 44,075
DEFERRED REVENUE AND FUND EQUITY
$
4.52
Total deferred revenue and fund equity
43,629
$ 44,075
, i.:,... _ . _,.,i:;':~'
'~", -14-",
. "-.-..~.. ".'-. .;,,~
1979
41,634
285
$'4"1;919
$ 285
41,634
$ 41,919
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CITY OF SCHERTZ" T)':XAS
DEBT' SERVICE FUND
STATEMENT _OF REVENUE f 'EXPENDITURES, AND CHANGES IN FUND BALANCE
FOR THE YEARS ENDED SEPTEMBER 30, 1980 AND 1979
$ 48,261 $ 49;274,
3.955 3,487
, $ .52,216 $ 52.761
1980
Sources of Financial, Resources;
Revenues;
Taxes collected
Interest
Total reventies
Uses ofFinancia1,Resourc~s;
Exl>"mdi tures ; . '
Boild, principal
Bonde interest .
~ent 'files
Total expenditures
$ 18,000
31,954
273
$ ,,50,,227
$ l,9M
41,634
$- 'A3~23
Net increase in fund balance'
'Fund b&lance, 'Ol:.tobe.r-'l
.,. .
_ 'Fundbalcance, SeP,tember, 30
~.<'
..-.. -.-.' ._--',-.-, -,~---'--._--
1979
$ 17,000
32,827
,277
~. 50,104
,$ 2,657
38,977
$, 4l,634
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C!h:OF SCllEp:rZ, TExAS
'CAPtTAL PROJECTS, FUNDS
COMBINEDBALA,NCE SHEETS '
FOR THE YEAR ENDED SEfTEMaER30, 1980
Assets:
Cash in bank
Certificates of deposit
Due from federal goVernment
Total assets
Fund Balances:
Fund balances
Re$erved for encumbrances
Unreserved
Total fund balances ,
Drainage
Improvement
Construction
Fund
Community
Block
Grant
Fund
Totals
September 30, Septemher
1980 1979
30,
$ 1 $ 2,143 $ 2,144 $ 5,001
,44,072 44,072 41,208
260,070
$ 44,073 $ 2,143 $ 46,216 $~P6,279
-1'-,..- ,"
$ $ $ $ 44,469
44,073 2,143 46,216 261~81Q.
$ 44,073 $ 2,l43 $. 46,216 ' $306 ,279
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CITY OF SCHERTZ. TEXAS
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED SEPTEMBER 30, 1980
12,437
:',2;815 2,815 16,295
823 823 6,54l
39,053 39,053 60,000
220,236 220 . 23"6
262,927 262,927 95,273
2,864 (262,927) (260,063) 19,404
Drainage
Improvement
Constrtiction
Fund
Revenues:
Federal grants
Interest
Program income
$ 2.864
Total revenue
2,864
EltJlli'nditures:
Municipal building and furniture
~ub1ic works, facilities, site
improvements
Administration
Fire truck
Water W'ell system
Total expenditures
Excess of revenues over (under)
expenditures
Other Financing Uses:
Operating transfers (out)
,'. Fund ..ba1ances October.!;
41,209
Redu~tions in grant
Fund balances September 30 $ 44,073
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Community
Block
Grant
Fund
Tot<<ls
30, September
'1979
30,
September
1980
$
$ $110,081
2,864 2,483
2,l13
2,864 114,677
(1,064)
,265;070
306,279
380,939
(93.000)
$~?,279
$, 2,143
$ 46,216
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CIty OF SCHERTZ , TEXAS
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUND
FPR THE FISCAL YEAR ENDING SEl'TEMBER 30, 1980
Agency
l'ayroll Fund;
Assets
Cash in bank
Liabilities
Accounts payable
Due to general fund
Library Fund;
Assets
Cash in: :bank
Investments
Liabilities
Accounts payable
Due to library
Criminal Justice Plan-
, ning Fllnd;
Assets
Cash in bank
I, Lfiibilities
AccountsP'lyable
Due to generalfuna
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Balance
October 1, 1979 Additions
Deductions
$
$409,725
409,725
$409 , 725
409,725
2,640
'4,640
2,640
2,640
,835
2,2.97
3,132
,72,783
68,400
141.113
73,421
58,685
U2,106
-'
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Balance
September 30, 1980
$
197
lZ,012
i2,209
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CITY OF SCHERTZ ,TEXAS
COMBINING s.TAtEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED SEPTEMBER 30,
- ALL TRUST 'AND AGENCY FONDS
1980
Balance
October 1, 1979 Additions
Deductions
Balance
September 30, 1980
Expendable Trusts
Self - Insurance Fund:
Assets
Cash
Investments
Due to general fund
Fund balance
$ $ 79,674 $ 79,664 $ 10
9.380 77 ,372 79 ,067 7,685
$ 9,380 $157, 046 $;1.58,731 $ 7;,695
$ 394 $ $ $ 394
8,986 607 2,292 7,301
$ 9.380 $ 607 $ 2,2~2 $ 7.695
Fire truck Fund:
Assets
Cash
Investment
Fund balance
$ 1 $ 24,182 $ 24,183 $ -0-
5,791 24,183 23,780 6,194
5,792 48,365 47,963 6,194
$ 5,792 $ 48.365 $ 47 ,963 $ 6.194
to,tals
Assets:
$756,472
$ 489
25,89l
$ 26,380
$ 19,$08
$593,389
169.955
_$763,344
$594,940
161,532
Cash
!nvestments
$ 2,040
17,468
'Lillbili ties ':
Fund balance
$ l,204 $ 7,025 $ 7,947- 282
394 2,640 2,640 394
3,132 142,983 133,906 12,209
c
4,730 152,648 .144.493 12.885
14,778 48.972 50,255 13,495
$ 19,508 $201.620 $l94.748 $ 26.380
Accounts payable
Due to general fund
Due tolibra1"Y
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l!'irks
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lit}. hali
Parks
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CITY OFSCijERTZ, TEXAS
STATEMENT OFCaANGES IN FIXED ASSETS
FOR THE YEAR ENDED SEPTEMBER 30, 1980
Balance
October 1, General
1979 Fund
$ 182,662
59,380
242,042
320,428
506,994
18,000
845,422
IlDprovements Other Than '
Buildings:
'a,r"ets and roads
.!lts and signs
!'atka
rller
-': ,"';.
I Veh'icles':
Mauager
',t~;~~ depart1Dent
,7; edepartment
I paction
" ' \llanceservice
mal control
f"
. Equipment:
Inera1 government
fublic safety.. '
Eeets and parks
. bulance service
, i1l1!oll control
I
.n
,a'Refer to Notes
,
1;935,227
10,,970
358,357
4,681
2,309,235
$ 10,191
10,().9l
4,784
58,616 7,270
62,,109
52,472 5,755
4,113
29,989
. '. ~ 182,094 'h43,014
43,795
75,161 '
27,259
1,442
147,657
"$3,726.450
to 'Financial Statement:
I
255
1~957
,'1,000
3,212
$ 56,417
Conununity
Development
Block Grant
$ 2;~i.5
2,815
39,053
39,053
-$ 41,868
-
" Adjustment
,To
Inventory
$ ,412
(38,895)
(8,521)
46,054
39,243
3,975
42,268
13,774
32,29l
""{8';154,
22,507
4,186
. 64,004
Balance
Septo;.mber 30,
1980
$ 182,662
59 ,380
242,042
320,428 '
506,994
18,000
845,422
1,948,233
'lO,970
358,357
4,68l
2,322,241
5,196
26,991
53,588
143,334
4,113
69,232
3,975
306,429
"
57,824
109,409
. 19,505
23,949
4,186
214,873
,,*$l06,272 $3,931,007
Note A (7) Property, Flant and Equipment
"'-.."
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CITY OF SCliERTZ, TEXAS
GENERA):. BONDED ,DEBT
SUMMARY OFDEBTSRRVICE REQUIREMENTS
FISCAL 'YEARS 19"80-2001
Fiscal Outstanding
r:r 'Year Cash Requirements
Ending 'Principal Interest Total Balance
$ $ $ $
9-30-80 567,000.00
9-30-81 18,000.00 31,034.75 49,034.75 549,000.00
9-30':"82 18,000.00 30,131.00 48,131. 00 531,000.00
9-30-83 19,000.00 29,227.25 48,227.25 512,000.00
9-30-84 20,000.00 28,287.25 48,287.25 492,000.00
9-30-85 21,000,00 27,297.25 48,297.25 471,000.00
9-30-86 21,000 iOO 26,233.25 47,233.25 450,QOO.OO
9-30,.87, 22,000.00 25,169.25 47,169.25 428.000",00
9...30..,88 24,000.00 24,109.00 48,109.00 404,000.09
!I-30"'89 24,000.00 22,852.75 46,852.75 380,00-0;00
9-30-90 25,000.00 2l,596.50 46,596.50 355,090.00
9-30-91 25,.000.0.0 20,274;00 45,274.00 330,.009.00
9-30-'92 26,000.00 18,951.50 44,951.50 304,000.00
9-30.,.93 32,000.0.0 17,567.0.0 49,:>61.00 ' 272,OQQ.OO
9-30-94 3:fjOOO.O.o 15,786.2'5 48,786.25 239,0.00.00
9-30-95 35,000.00 13,943.50 48,943.50 204,OOi:!.00
9-30-96 32,000.00 12,002.50 44,0.02.50 172,000.00
9-30-97 32,000.00 10,167.50 42,167'.50 ;1.40.000.00
9-30-98 33,000.00 8,292.50 41,292.50 107,000.00
9-30-99 33,000.00 6,381.25 39,31;U.2S, 74,.000..00
9-30-00 34,000.00 4,470.00 38,470.00 40,000.00
9-30-01 40 ,000 .00 2,522.50 42,522.50 -0-
Totals $ 567 ,000.00 ..$, 396,296.75, $ 9,63.296.75
-21-
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CITY. OF SCHERTZ, TEXAS
GENERAL OBLIGATION SEWER SYSTEM BONDS,
SERIES 1962, DATED DECEMBER 1, 1962
INTEREST AT S-5/8% ON BONDS 1-3, 3~3/8%,ON
BONDS 4-37, AND 3-5/8% ON BONDS 38-301
PAYABLE DECEMBER 1ST AND JUNE lST
Amount ,Issued
Paid
" , $301,000.00
90,000.00
$211,000.00
,,:
Outstanding, September 30, 1980
Due
Dates
Outstanding
Balance
Bond-
Numbers
Fiscal Year Requirement. ..
Principal - Interest Total
$
$
12-1-80 211.000.00
6-1-8l 87-93
12-1-81 204,000.00
6-1-82 94-100
12-1-82 197,000.00
6-1-83 10l-108
12-1-83 189,000.00
6-1-84 109-116
l2-1-84 181,000.00
6-1-85 117-124
12-1-85 173,000.00
6-1-86 125-132
, 12-1-86 165,000.00
6-1-87 133-141
12-1-87 156,000.00
6-1-88 142-150
12-1-88 147,000.00
6-1-89 151-159
12-1-89 138,000.00
6-1-90 160-169
12-1-90 l28,OOO.00
6-1-91 170-179
3,823.32
7,000.00 3.825.43 14,648.75
3,696.48
7,000.00 . 3,698.52 14,395.00
3,569.64
8,000.00 3,571.61 15,141. 25
3,424.68
8,000.00 3,426.57 14,851.25
3.279.72
8,000.00 3 ,,281.53 14,561. 25
3,1,34.76
8,000.00 3,136.49 14,271.25
2,989,80 l4 ,981. 25
9,000.00 2,991,45
2,826.72
g.OOO.OO 2,828.28 14,655.00
2,663.64
9,000.00 2,665.11 14,328.75
2,500.56
10,000.00 2,501.94 15,002.50
2,319.S6
10,000.00 2,320.64 14,640.00
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CITY OF SCHERTZ, TEXAS.
GENERAL OBLIGATION SEWER. SYSTEM BONDS,
SERIES 1962, DATED DECEMBER 1, 1962
(continued) ,
Due Outstanding Bond Fiscal Year Requirement
Dates Balance Numbers Principal Interest " Total
12-1-91 '$118,000.00 $ $ 2,138.16 $
6-1~92 180~189 10,000.00 2,139.34 14,277.50
12-1-92 l08,000.00 l,956.96
6-1-93 190-200 11,000.00 l,,958.04 14,915.00
12-1-93 97,000.00 1,7.57.64
6-1-94 201-211 11,000.00 1,758.61 14,516.25
12-1-94 86,000.00 1,558'.32
6-1-95 212-223 12,000.00 1,559.18 15,117.50
12-1-95 74,000.00 1,340.88
6-1-96 224-235 12,000.00 1,341.62 14,682.50
12-1,..96 62,QQO.00 1,123.44
6,..1-97 236-247 12,000.00 1,l24.06 14,247.50
12-1-97 50,000.00 906.00
6-1-98 248-260 13,000.00 906.50 14,812.50
12-1-98 37,000.00 670.44
, 6...l-99 261-273 13,000.00 670.81 14,341. 25
12-1-99 24,000.00 434.88
6-1-00 274-287 14,000.00 435.12 14,870.00,
12-1-00 10,000.00 181.20
6-1-0l 288-297 10,000.00 181. 30 10,362.50
Totals $211,000.00 $ 92,61:8.75 $303,618.75
Paying Agent: Frost National Bank
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CITY, OF SCHERTZ, TEXAS
,STREET IMPROVEMENT BONDS, SERIES 1972
'DATED FEBRUARY 1,1972
INTEREST AT 4-1/2% ON BONDS 1-14, 5% ON BONDS 15-39,
5.3% ON BONDS 40-63, ANP 6.2% ON BONDS 64~150
PAYABLE JUNElST AND DEOEMBER 1ST
," Amount Issuell
Paid
'\,1 Qutstan4ins, September 30, 1980
"I' Due
'"Dates
Outgtanding' '
Balance
I
$'
12-1-80
I 6-1",;81
12"';1-81
6-1-82
I ,l. 2.,-1.,._8, 2
6-1,.,.83
'12-1-83
6~1-84
, IIN':"S.4
6-1-85
),2...1-85
I ,6-1...116
.IN,-86
'6-1~87
'1...12-.' 1-87
" 6-1-88
12-:1;-88
"I'" , 6;.1-:-1\9
",.'....J.:M-1:I9.
, ,.' . 6-1"'90
12-:\....90
'I~ ! 6.,.1'," 91
12-:1-91
, 6-1-92
";112~.1-92
" .
, 6:"1-93
, 12-1-9,3
, 6-1-94
Il2-1-94
.6:'1-95
136.000.00
130',OfJO.00
l24,000.00
118,000.00
111,000.00
103,000.00
95,000.00
87,000.00
77,000.00
67,000,.00
57,000.00
47,000.00
36,000.00
25,000.00
13,000.00
I
,Paying Agent:
il
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Totals
Bt:md
N\lll1bers
,
15-20
21-26
27-32
33",;39
40-41,
48-55 ,
56-63
64-73
74-1:13
84-93
94-103
'104-114
115-125
126-131
138"'150
Main Bank and Trust
San Antonio, Texas
June l, 1987
Option:
$150,000.00
14,000.00'
$136,001'1.00
. ,'. princiIiaiiSt:la1 Ye~~t:~~f~ment 'r9f'u'
$
$
,6,000.00
6,000.00
6,000.00
3,958.00
3,958.00
3,808.00
3,808.0Q
3,658.00
.3 ,658,..00
3,5(lSl.OO
.3,,508'.(l(J'
j,333.0Q
3 ~3$3 .00
.'l.in .'Q0
,,3 .l.tl ,.l!P
.~",
t~'909 \00"
'2-.87 ;00
~' ~.~97'i
2, '87. ,
!.\~"'i
' -'J '. 1.',~"
2,017.00
l,767.,Ob
l,167~O
1, 457.l'fO
1,4~~
1,11'6.0'
1.1l;~.00
175.00
, 775.Ql)
,403.00
l!D3 . Qt'
7,000.00
8,000.00
&.000.00
8,000.00
10,000.00
10,000.00
'10,000.00
10,000.00
11,000.00
11,000.00
12,000.00
13,000,00
$
'f
13,916.!lOr;' "
~;!.
13,616.00',. "
13,316.00
, J;ti,Ol~';'OO.
- ."
,i4,666..o0
14,242.0Q,'
13,8l'l}.OQ
:<r
15,39:4.00
14,774.0,0
14,l~.QO
13,534..00
13;11l14.0a}
13,232~tlt
,:t-;
~.;
13\.,50.(10
"'3 40'~OO ·
$ '73,948,00, $209,9~~.oo\
T' .
$136.000.00
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Amount Issued
Paid
Outstanding,
Due
'Date"
3-1-81
9-1-81
3-1-82
9-1-82
3-1-83
9.,.1-83
3-1-84
9-1-84
3.,.1-85
9-1-85
3-1-86
9..;.1-86
3-1-87
9-1-87
3-1-88
9-1..,.88
3-1':"89
9-1;"89
3";'1-90
9-1".90
3-l-91
9-1-9l
3-1-92
9-1-92
3-l-93
9-1.,.93
3-1-94
9-1-94
3-l..;.95
9-1-95
3-1-96
9-1-96
3-1-97
'-1-97
3-1-98
9-1-98
CITY OF ScHERTZ, TEXAS
TEXAS GENERAL OBLIGATION BONDS
SERIES 1975, DATED MARCH 1, 1975
INTEREST AT 7% ON BONDS 1-9, 6.2% ON BONDS 10-l2,
6.8% ON BONDS 13-15, ,7% ON IiONDS 16-25, and 7.2% ON BONDS
26-47
September 30, 1980
$235,000.00
15,000.00
$220,000.00
OutStanding
.Balance
Bond
NUllIbers
Fiscal Year Re~ui~ement
Principal Interest' Total
$:
$ $ $
7,735.00
5,000.00 7,735.00 20,470.00
7,560..00
5,000.00 7,560.00 20,120.00
7,3f!5.00
5,000.00 7,385.00 19,770.00
7,ZlO.00
5,000.00 7 ,Z10.00 19,420.00
7,035.00
5,000.00 7,035.00 19,070.00
6,860.00
5,000.00 6,860.00 18,720.00
6,685.00
5,000.00 hm.Oo 18,370.00
6. .00
5,000.00 6.5'1l0.00 18,060.00
6,315.00
5,000.00 " ,.,t~~;:g~ 17,750.00
5,000.00 6,~.!W 17,440.00
6iO . .00
5,000.00 6~OSg'gg 17,lOO.00
5,&8' .
5,000.00 5,880.00 ,:t.6,760.00
5,710.00
10,000.00 5,710.0Q 21,420.00
5,360.00
10,000.00 5 ,360..00 20,720.00
5,010;00
10,000.00 5,OlP'86 ,20,020.00
4,6.60. 0
20,000.00 4,660.00 29,320.00
3.~il}.OO
20,000.00 1.9.0,00 21,920.00
3,240.00
20 ,000 .00 3,240.00 26,480.00
220,000.00
215,000.00
4
5
210,000.00
205,000.00
200,000.00
6
1
8
195,000,00
190,000.00
185,000.00
180,000.00
115,000.00
9
10
11
12
13
170,000.00
165,000.00
160,000.00
14
15
l6-17
150,000.00
18-19
140,000.00
13lhilOO.00
1.10 .000.00
29-2l
22-25
26,.29
90,000,00
30-33
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Due
Dates
3-1-99
9-1-99
3-1-00
9-1-00
3-1-01
9-1-01
Outstanding
Balance
$ 70,000.00
50,000.00
30.,060.00
Totals
CITY 0:1" SCHERTZ. TEXAS,
TEXAS GENERAL OBLIGATION BONDS
SERIES 1975, DATED MARCH 1, 1975
(continued)
Bond
Numbers
34-37
38-41
42-47
Paying Agent: Schertz Bank and Trust
Fiscal Year Requirement
Principal ,Interest Total
$
20,000.00
20,000.00
30,000.00
, $ 2,520.00
2.~20.00
1,.00.00
1,61;10.00
1~080.00
1~p80.00
$
25,040.00
23,600.00
32,160.00
$2~0.{)00.00
$22<1l7~O.OO $442.73D.OQ
,...,.,
,
"';26-
...:
~, ,
-
-
-
-
Revenue bv SO:U.tC.:
Taxee:
Ad valorem
CitY,sales tn
Ut:il~t.y franch1!ie
Mixed.be:ve\"ap
Licenses and permtt$
Chatges for servieee
Fiuesand forfeitQ~
OtneT
Tota.1_~
Expenditur_e' h'{SGUIIlI!t!t ~
GeMr~l -government
Public "safety" ,
-Sheet'sand parks
-Healt.h
'Recreation
,Total- _eu41tu.'ha
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1913
$: 81.028
2:l~410
13.202
146
115.786
7;936
12.761
13.7!h
54.297
_$, ,204.571
$ 6q ,871
79,768
26.146
$ 171.391
..
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_. .1IIiiI.-,. '_ _
Glni)F ScaBRtz~ TEXAS _ , .:
~ FUNDREWNUE',BT SOURCE.l\ND'-EXPENDITIJRE. BY'FUNCTIO!f
~ FOi-~ EIGHT~EARS"
snoi'lllalllll 30. 1900
m!
$ 1),90-7
:M,Us.
15.,'917Q
892
137 .108
9.713
7.209
9,757
2.63~
$ \fJl:..4ii
I 18.931
%,227
109,-5:)i)
6,495
$ 2;n'~192
12Zl
I 134.671
46~m
22,457
1.4S1
195.442
5,'90:
4,074
14,."74
D~;}.1.l
$ 3tM&8!1
$ .65.1151
U9,1891-
71:;1:28
10..53'
$ 261~2.U
U16
$ 139,09-8
66.001
34,261
1.610
240,970
8,55'0
7,SS9
~t't.391
'~.15'1.,..
$ 358~ 6'27
$ 85.691
160,751
73,010
16,679
$ 338.131
"
-2.7-
ill!
$ 150,.904
14.996
43"..319
1.191
210.407
~9fi15
3093:Ui
:2~,S70
1'1:;.1711
$ 4St~&9~
$ 129.062
1669711
~99829
26993&
$ 422.544
.,
.!.!l].
$ 180,'606
91,-841i:
-'43,1i73'
2.663
318,586
11.938
4{l9911
309157
144.136
$ 5~1... 728
$138.271
1979550
122,910
28,287
21.281
$ 508.305
i979
$ 246,370
UJ5~791
49,900
2.323
404.381i
11.~
48.311
_39,'47
2,02 .018
$: 10S.~
$ 283~192
18B~457
122.995
59.282
17.751
$ 671.677
-
-
1980
$ ,2Sli.S97
123.751
58.488
2.588
439 ,424
6.494
55'.6-63.
$iI.05S
168',097
$ 727,'73-3
$ 301.990
217.165
98.408
71.087
29.001
$ 717'.651
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CITY OF SCHERTZ., TEXAS
,ASSESSED VALUATIONS AND TAX LEVIES
FISCAL YEARS 1970-l980
Fiscal' Estimated
LeVY-" Year Aetual Assessment Assessed Tax
Year" Ended Values Percentage Valuations Rate Tax Levy
-
1969 9-30-70 $ 9,760,826 50% $ 4,880,413 $ 1.00 $ 48,804
1970 9-30-71 11,748,468 50% 5,874,234 1.00 58,742
1971 9~30-72 l5,755,532 50% 7,877 ,766 1.00 78,178
1972 9-30-73 19,315,690 50% 9,657,845 1.00 96,578
1973 9-30-74 24,598,854 50% 12,299,427 ' 1,:,00 122 ;99"4
1974 9-30-75 32,639,736 50% 16,319,868 1.00 163,199
1975 9-30.-76 38,199,112 50% 19,099,556 1.00 190,996
1976 ,9-30-77 40,806,$22 50% 20,403,411 1.00 204,034
1977 9-30-7$ 45,974,450 50% 22,987,225 1.00 229,872
1978 9- 30-79 48,837,400 50% 24,418,700 1.00 244,187
1979 9-30-80 ':;.1,025,000 50% 25,512.50n 1.00 255,125
TAX LEVIES' AND TAXES COLLECTED
FISCAL yEARS 1970~1980:'
Cul!:l'ent
Fiscal l'e,er's Ratio Ta ~tio To
Levy Year, Taaes Current "'fm< ,CUrrent
Y.ear ,Ended T8Jl Levy Collected Year L~yy Colleeti<;l!lS 1'eal:'. Levy
1969 9-30-70 $ 48.804 $ 48,262 9'8.89 $49 , 722 '101. 88
1970 9-30-71 58,742 48,208 99.09 5$,713 99.95
1971 9-30-72 78,778 75,225 95,.49 75,884 , 96.33
1972 9-30-73, 96,57$ 95.355 98.73 97.236 '100.,68
1973 9-30-74 122.994 118,170 96.07 119,375 97.06
1974 9-30-75 163,199 1.62,103 99.33 163,693 1(W .30
1975 9-30-76 190,996 189,521 99.23 190,&24 99.91
1976 9- 30- 77 204,034 199,876 97.96 201,l57 98.59
1977 9-30-78 229;872 228.366 99.34 233,094 101. 40
1978 9-30-79 244,l87 243,451 99.70 245,508 100.54
1979 9-30-80 ' . 255,125 ,252,928 99.14 253,'97 99.56
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Year
1970
1971
,,1972
1973
1,9711
1975
:10976
'1,977
197&
',1979
, CITY OF SCHERTZ, TEXAS
SCHEDULE OF'rAXES COLLECTEJ;l AND TAXES RECEIVABLE
FOR TjfE YEAR ENDED SEPTEMBER 30 , 1980
Adjustments
, '-SupplementS
Balance And Errors
10-1~79 1979 Levy Net Collections
$ 50
10
50
10
151
20
11
,:41
408
736
15
11
12
11
62
'55,125 '
Totals
$1,427
, 255,125
171
A,dd penalties and interest
Total tax'revenue
$ 136
20
29
264
'620
252',928' .,
$253,997
600
$254,59"7
Ba1;j.nce
9-30"80
$
,133
54,
2,197
$2~ 3114
__moo OF TAX ~. AID Al,U)(lAttON OF T:m5 JU;C!:tV.l\BL).i:
, FOR 'l'IfEJJAl:!DlDED SlPTEMBER 30, 198b ' ,
;!'.
!!mlt :
l;lenera1 'fund
Interest ands:i.nk:i.ng fund
-29-
Tax Taxes
B,even1,le ~<;:g(vl!b1e
$206,3;36 $ 1,932
48,261. .'452
$254,.$97 $ 2,384
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CITY OF SCHERTZ ,TEXAS
RATIO qFNETBONDED DEBT TO ASSESSED VAWE
AND NET lmNERAL BONDED DEBT PER CAPITA
FOR THE YEARS ENDED SEPTEMBER,39, 197:3-1980
Fiscal
Yea.i:,
, 'Ended
Net General
Bon~d Debt
Assessed
Value
Estimated
Population
$ 9,65i,844
12,299,427
16,319,868
19,099,556
20,403,411
22,987,225
24,418,700
25,512,500
$ 428,642
424,732
640,926
623,719
607,190
563,023
543 ..366
523,377
9~30-73
9-:3.0-74
9-30-75
9-30-76
9-30-77
9-30-78
9-30-79
9-30-80
5,804
6,400
6,490
6,595
6,771
7,443
8,209
7,,610
Legal Debt Margin
Ratio
Of Net
Bonded Debt
To Assessed
Value
4.44%
3.45%
3.93%
3.27%
2.98%
2.45%
2.2:1%
2.05%
GeneJa1 ,
, Bonded ie,
Debtpe;
Ca1;\:i,ta'
$ 73.85
-, '.t'
66.36
98.76
94.57
89.67
75.64
66.16
,68;77
Te)t/l.!l municipaUties are not :bound by ",nyd;i,.rect constitudonaJ. or'jJtilfq,tory
maximums as to the amount of gene~a1 obligation bonds.,.hich may be issu$\iT howeV'!iii,
all local bonds-must be submitted to and approV'edby the1,ltate<\ttorn\lY,Gene,t:al.. .,'
It is the established practice 01' the At torney Get'teral not, toappro'\7:e ',a "p,rospectiv.e
bond issue if it wi;I.l.resu.1t in the. levy of a tax for bonileddebt oL:ove{ $1.00 for,
Cities under 5,000 population or $1.50 for cities over 5,0(JOpopula~i:6tl..
IeUmatad Oved,appin.};])e'btStatetl\ent
Ta:ldng Body,
Net; Debt
Alao~nt As Of
$16,417,941
, 2,406; 599
218..9'63
2, :360,000
40,050
7,912,895'
153,538
*' Bexar County
*' Bexar County Hospital 'District
* Bexar County Road U3
*' Cibolo Creek Municipal Authority
*' Coma1 County
*' Coma1Independent School District
*' Guadalupe County
*' San Antonio River Authority
(Flood Control)
*' Sche'ttz-Cibolo-Universa1.City
Independent School l>istr:l.et:
J.5 ,365,085
-5,866,552
Total net ~erlappin8 debt
City of SC!berU 543.081
Total direct andov~rlappiDg d~t
9-30-77
9-30-77
9- 30-77
9.-:", ;}!l.,..77
6';"30-78
8-31-77
5-31-78
,9-30-77
1)-31-17
9-30,..79
Pil!~
Ov.,.;:
,. t.aPl1l!lg
'.01
.01'
.01
18:.76 '
.30
.-39,
1~.38'
_01
45.02
100..00
, '..',. .!\lnOunt
O\i..rlappi!!&
$ 1;642
241
, , 22'
443.20'
if 0
3o,lil~
l7,4U
,l;l37
}~,(j4~~2 ,
"_'J'1,- - -. '"'-",.
, ! 136 tis
,.'t _ .
. .~~3 .377
. _ ' ~ ,- , . :. ~'; r - ~ ,"
'-'..,' .,'
~
(14.34% of Asliessed Vallie - $480,89' Per Capita)
, *' Source of Data - Texas MUnieipal Reports, City o,f Schertz,J'une30, 1978, compiled
,,'" andopUblished by Mu'nic1pal Advisory, Council, of Texas."". "",,,,^,,,,..,. >-
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CITY OF SCHERTZ, TEXAS
PROPERTY TAX RATES-ALL OVERLAPPING GOVERNMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 1980
County
City School County State Road
50% 100% 25% 25% 25%
Assessment Assessment Assessment Assessment Assessment
Rate'" Rate'" Rate RaeI' Rate
, 1.00 1.05 $ .80 $, .42 ~ .30
,
1.00 1.05 .80 .37 .30
1.00 1.05 .$0 .32 .30
1.00 1.55 .80 .27 .30
1.00 1.15 .80 .22 .30
1.00 1.15 .80 .17 .30
1.00 1.15 .80 .12 .30
1.00 1.30 .80 .12 .30
1.00 1.30 .80 .10 .30
1.00 1.30 .80 .10 .30
1.00 1.30 .!l0 .10 .30
1. OQ 1.37 .80 .10 .30
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
'" All rates are shown are per $100 assessed valuation
-
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1974
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1976
1977
1978,
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1979
1980
CITY OF SCHERTZ, TEXAS
BONDED DEBT
SEPTEMBER 30, 1980
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES
FOR GENERAL BONDED DEBT TO TOTAL GOVERNMENTAL FUNDS EXPENDITURES
Ratio of Debt
Debt Service Service To
P:dncipa1 Interest Totlll Debt Expenditures General Expenditures
15,000 20,028 35,000 291,192 12.0%
15,000 19,323 34,323 267,211 12.8%
16,000 35,138 51,l38 338,131 15.1%
l6,000 34,388 ,~O,388 422,544 12.0%
18,000 33,717 51,717 508,305 lO.2~
,. .,', '.... "
17,000 32,827 49,827 671,677 7.4%
18,000 ~3l,953 49,953 717,651 7.0%
-32-
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CITY OF S.CHERTZ, TEXAS
CONSTRUCTION"AND BANK DEPOSITS - LAST TEN FISCAL YEARS
FOR THE Y'EARENDED SEPTEMBER 30, 1980
1970
1971
New Total
Construction Bank Deposits
* $1,590,000
* 2,487,000
* 3,759,000
* 4,657,000
$2,976,695 5,864,000
l,436,674 7,001,000
1,489,787 8,l76,OOO
3,411,876 9,306,000
2,782,882 10,805,000
1,069,667 11,934,000
1972
1973
1974
1975
1976
1977
1978
1979
-33-
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CITY OF SCHERTZ, TEXAS
PRINCIPAL TAXPAYERS
FOR THE YEAR'ENDED.SEPTEMBER 30, 1980
1980 1980
100%:"'Market Assds~d
Name Type of Property Value Va1uatien"'
l. Monotech Corporation Steel fabrication $ 1,342,821 $ 671,411
2. Pleas Naylor industrial property 806,912 403,456
3. Schertz State Bank Bank 659,608 329,903
4. Val Verde Apartments Apartments 622,212 311,l06
5. Lucille's, Incorporated Commercial 337,298 168,649
6. Shawn Charities Connnercial ,306,041 153,021
,
7. wuest's Oak Park,
Incorporated Grocery chain 301,028 l50,514
8. Guadalupe Valley
Electric Co-Op Electric Utility 295,480 147,740
9. Rio Vista,Apartments Apartments 233,902 116,95l
'10. Edgar VonScheele COtllI1lercial/r~identia1 181,550 90,775
11. Kinzel Enterprises Retirement lodge 138,654 69,327
12. Schaefer Contracting Commercial 127,484 63,742
-34-
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CITY OF SCHERTZ, TEXAS
UTILITY SYSTEM REVENUE BONDS
SUMM.i\RY OF DEBT SERVICE REQUIREMENTS
, FISCAL YEARS 1980-2005
Fiscal
,_ Year Cash Requirements
Ending Principal Interest' Total
$, . $ $'
9-30-80 .
9-30-81 25,000.00 54,130.00 79,130.00
9-30-82 25,000.00 52,842.50 '77 ,842.50
9-30-83 25,000.00 51,555.00 76,555.00
9-30-84 25,000.00 50,267.50 75,267.50
9-30-85 30,000.00 49,017.50 79,017.50
9-30-86 30,000.00 47,542.50 77,542.50
9-30-87 30,000.00 46,067.50 76,067.50
9-30-88 30,000.00 44,592.50 74,592.50
9-30-89 35,000.00 42,805.00 77 ,805'.00
9-30-90 40,000.00 40,667.50 80,667.50
9-30-91 40,000.00 38,242.50 78,242.50
9-30-92 40,000;00 35,817.50 75,811.50
9-30-93 45,000.00 33,392.50 78,392.50
9-30-94 45,000.00 30,680.00 75,680.00
9-30-95 50,000.00, 27,947.50 77,947.50
9-30-96 50,000.00 ,24,922.50 74,922.50
9-30-97 55,000.00 , 21,757.50 76,757.50
9-30-98 ' 55,000.00 , 18,207.50 73,207.50
9-30-99 ' 60,000.00 14,797.50 74,797.50
9-30-00 25,000.00 : 11,100.00 36,100.00
9-30-01 25,000.00 9,250.00 34,250.00
9-30-02 25,000.00 7,400.00 32,400.00
9-30-03 25,000.00 5,550.00 30,550.00
9-30-04 25,000.00 3,700.00 28,700.00
9-30-05 ' 25,000.00' 1,850.00 26,850.00
Totals $885,000.00 $764 .102.50 $1,649.102.50
Average annual requirement $ 65.964.10
Outstanding
Principal
Balance
$,
885,000.00
860,000.00
835,000.00
810,000.00
785,000.00
755,000.00
725,000.00
695,000.00
665,000.60
630,000.00
590,000.00
550,000.00
510,000.00
465,000.00
420,000.00
370,000.00
320,000.00
265,000.00
210,000.00
150,000.00
125,000.00
100,000.00
75,000.00
50,000.00
25,000.00
, -0-
-35-
Amount Issued
Paid
Outstanding, September
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3-1-83-
, 9-1-81
3-1-82
9-1-82
3-1-83
9-1-83
3-l-84
9-1;""84
3-1---85
9-1-85
3-1-86
9-1-86
3-1-87
9-1-87
3-1-88
9-l-88
3-1-89
9-l--89
3-1-90
9-1-90
1-1-91
9-1-91
3-l-92
9-1;....92
3-1-93
9-1-93
3--1-94
9-l-94
3"..l-95
9-1-95
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CITY OF SCHERTZ. TEXAS
UTILITY SYSTEM REVENUE BONDS,
SERIES 1968, ..DATEIl MARCH 1, 1968
INTEREST AT 4%"ONBONDB 1-39, 4-1/2% ON
BONDS 40-329 ,'AND 5.,.3/4% ON' BONDS 330-579
PAYABLE MARCH 1St AND SEPtEMBER 1ST
30, 1980
$579,000.00
l74,OOO.00
$405,000.00
Outstanding
Balance
Fiscal Year Re(lui:rement
Principal Interest
llond
Numbers
Total
$ ,
$
$
$
405;000;00
lO,675.00
175-194 20,000.00 10,675.00 41,350.00
10,225.00
195- 214 20,000.00 10,225.00 40,450.00
9,775.00
215-234 ,'20,000'.00 9.775.00 39,550.00
, 9,325.00
235-254 20,000.00 9,325.00 38,650.00
1l,1l75.00
255-279 25,000.00 8.875.00 42,750.00
8,312.50
280-304 25,000.00 8,312.50 41,625.00
7,750.00
305-329 25,000.00 7,750.00 40,500.00
7,187.50
330-354 25,000.00 7,187.50 39,375.00
6,468.15
355-379 25,000.00 6,46'$.75 37,937.50
5,750.00
380-409 30,000.00 5,750.00 41,500.00
4,887.50
410-439 30,000.00 4,887.50 39,775.00
4,025.00
440-469 30,000.00 4,025.00 38,050.00
3,1,62.50
470-504 35,000.00 3,162.50 41,325.00
2,156.25
505-539 35,000.00 2 ,156:.25 39,312.50
l,150.00
540-579 40,000.00 1,150.00 42,300.00
$~Q~.OOO.OO $1-99.450.QO: $694.450.00
385,000.00
365,000.00
345,000.00
325,000.00
, 300.QOO.00 "
275,000.00
250,000.00
225,000.00
200,000;00
170,000.00
140,000.00
110,000.00
75,000.00
40,000.00
-0-
Totals
Main Bank and Trust
San Antonio, Texas
Option:
Bonds. maturing September 1, 1984 through 1995 ar.eoptional for redemption
September 1, 1983, at 102.50, such premiums redUCing 1/2 of 1% on each
September 1, unt1lthe bonds are optional at par on September 1, 1988, and
remain optional at par ,on any interest payment date thereafter to mat~rity.
I
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Amount Issued And Outstanding, September, 30, ' ,i980
I Due
Dates
:.
J :=~=:i
3-1-82
0,1 9-1-82
3-1-83
9-1-83
I. 3'"1-84
9-1-84
3-1-85
9-1-85
'I :=i=:~
3-1-87
I 9-1-87
3-1-88
9-1-88
3-1-a9
I 9-1-89
3-l-90
9-1-90
".' 3-1-91
9-1-91
3-1-92
I 9...1-92
, 3-1-93
' 0 9:.01-93
,',' 3-1-94
~~I" ~=i=:~
9-1-95
3-l-96
9-1-96
3-1-97
9-1-97
3-1-98
9-1-98
3"'1-99
9-1-99
1,0, ,,,o:i'; ,.,.,
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CITY OF SCHERTZ. TEXAS.
UTILITY SYSTEM REVENUE BONDS, DATED APRIL 1, 1973
INTEREST AT 6.10% ON BONI)S1--<l6,AN!l5.75% ON BONDS 17-33
PAYABLE MARCH 1ST AND SEPTEMBER 1ST
Outstl\nding
Bl\lance
Bond
Numbers
Fiscal Year Requirement
Principal .lnterest
$
$
$ ,
165,000.09
4,883.75
::~;:~~
4,883.]5
4,883.15
4,88~.7~
4,883.15
:~I~t~~
4,a~3,]5 ,
4,883.75
4,883.75
4,883.75
4,883.75
4,883.75
4,883.75
4,883.75
4,883.75
4,883.75
4,883.75
4,883.1>5
4,883.15
4,883.75
4,883.75 '.
4,883.75
4,883.75
4,833.75
4,883.75
4,&83.75
4,883.75
4,883.75
4.88'3.75
3,663.75
.3,663.75
2,443.75
2,443.75
l,293.75
1,293.75
$171.082.50
165,,000.00
165,000.00
,165,000.00
165,000.00
165,000.00
165,000.00
165,000.00
165,000,00
165,000.00
165;000.00
~ ,.' '
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165,000.00
165,000.00
165,000.00
165,000.00
l65,000.00
40,000.00
1_8
125,000.00
9-16
40,000.00
85,000.00
17-24
40,000.00
45,000.00
25-'33
45,000.00
$165,000.00
Schertz State lank
Schertz, Texas
'Option:
Septemb~r 1, 1983
.,.,..-
-37-
$165,000.00
Total
$
9,767.50
9,767.50
9,767.50
9,767.50
9,767.50
9,767.50
9,767.50
9,767.50
9,767.50
9,767.50
9,767.50
9,167.50
9,767.50
9,767.50
9,767.50
49,767.50
47,327.50
44,887.50
47.587.50
$'336,082.50
,
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CITY OF SCHERTZ. TEXAS
UTILITYSYS1EWREVENUE BONDS
SERI~S 1975"DATED MARCHI, 1975
INTEREST AT 7.75%'ON BONDS 1-5, 7% ON BONDS 6-20,
7.2% ON BONDS 21~22. 7.25% ON'BONDS 23-26, AND
7.4% ON BOND8 27-65, PAYABLEMt.RCH 1ST AND SEP'rEMBER 1ST
A1nount Issued
A1nount Paid
Outstanding, September 30,'1960
$325,000.00
10,000.00
$315~000.00
Outstanding
Balance
Bon.d
. Numbers
Fiscal Year Requirement
Principal Interest
Total
$
$
$
$
215,000.00
205,000.00
11,506.25
3 5,000.00 11.506.25 28,012.50
-U ,-3'ft. '50
4 5,000.00 11,312.50 27,625.00
11,118.75
5 5,000.00 11,118.75 27,237.50
10,925.00
6 5,000.00 10,925.00 26,850.00
10,750.00
7 5,000.00 10,750.00 26,500.00
10,575.00
8 5,000.00 10,575.00 26,150.00
10,4QO.00
9 5,000.00 1O\400~00 25,800.00
10,225.00
10 5,000.00 10,225.00 25,450.00
10,050.00
11-12 10,000.00 10,050.00 30,100.00
9,700.00
13-14 10,000.00 9,700.00' 29,400.00
9;350.00
15-16 lO,OOO.OO 9.350.00 28,700.00
9,000.00
17-18 10,000.00 9,000.00 28,00.0.00
8,650.00
19-20 10,000.00 8,650.,00 27,300.00
8,300.00
21-22 10,000.00 8,300.00 26,600.00
7,940.00
23-24 10,000.00 7,940.00 25,880.00
7,577.50
25-26 10,000.00 7,577.50 25,155.00
7,215.00
27-29 15,000.00 7,215.00 :..29.,430.00
6,660~00
30-32 15,000.00 6,660.00 28,320.00
315,000.00
310,000.00
305,000.00
31JO, 000 . 00
295,000.00
290,000.00
285,000.00
'280,000.00
275,000.00
265,000.00
255,000.00
245,000.00
235,000.00
'225,000.00
, 195,000.00
180,000.00
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CITY OF SCHERTZ. TEXAS
UTILITY SYSTEM REVENUE BONDS
SERIES 1975, DATED MARCH 1, 1975
(continued)
Due Outstanding Bond Fiscal Year Requirement
Dates Balance ' Numbers Principal Interest" Total
3-1-99 $165,000.00 $ $ 6,105.00 $
9-1-99 33-35 15,000.00 6,105.00 27,210.00
3-1-00 l50,000.00 5,550.90
9-1-00 26-40 25,000.00 5,550.00 36:;100;00' ,
3-1-0l 125,000.00 4,625.00
9-1-01 41-45 25,000.00 4.625.00 34,250.00
3-1-02 100,000.00 3,700.00
9-1-02 46-50 25,000.00 3,700.00 32.400.00
3-1-03 75,000.00 2,775.00
9-1-03 51-55 25,000.00 2.775.00 30,550.00
3-1-04 50,OOO~00 l,850.00
9-1-04 56-60 25,000.00 1,850.00 28,700.00
3-1-05 25,000.00 925.00
9-1-05 61-65 25,000.00 ' 925.00 26,850.00
Totals $3l5;OQO.OO $393.570.00 $1911,570.00
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CITY OF SCHERTZ, TEXAS
WATERWORKS AND SEW1':R SYSTEM FUND,
REVENUE BOND REQUIREMENTS AND RESTRICTED FUNDS AVAILABLE
FOR THE YEAR ENDED SEPTEMBER 30, 1980
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Semi Arinual'Iritetest Basis
Interest and Sinking Fund Requirement
Utility System Revenue Bonds, Series 1968:
Principal payment, due 9-l-8l
Interest payment, due 3-1-81
Utility System Revenue Bonds, Series 1973:
I Principal payment, due 9-1-81
~ Interest payment, due ,3-1-81
I. Utility System Revenue Bonds.
Principal payment, due 9-1-81
Interest payment, due 3-1-81
Series 1975:
I
I Investment in certificate
- 90 day maturity ,
of deposit of Schertz Bank
Funds available OVer (under) ,'r'!quirelllent
.1 ~serve FundR.eguireDlent
'11 1/2 times average annual principal and interest
~'~equiTement 65,964 x 1/1/2.
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1 Invt';Jstments (at cost) Held By Main Bank and Trust:
U.S. Treasury Note - maturity 2-1S~81
U.S. Treasury Note - maturity 2-l5-82
.1' U.S. Treasury Note - maturity 11-15-86
U.S. Treasury Note - maturity 5-15-87
,I
Funds available, over (under) requirement,
REVENUE -BOND' COVERAGE
Operating Income
Add Deduct
Solid Waste
Depreciation Revenue
135,362
65,177 ll,744
-40-
20,000
lO,675:
4,884
5,000
11,506
"Net
Revenues"
188,795
1/12th
1/6th
l/6th
1/12th
1/6th
$14,934
10,000
73,000
2,992
; ~ . -~
Average
Bonded Debt
Requirement
65,964
Requirement
At 9-30-80
$ 1,667
1,779
814
417
1,918
6,595
i~ 1,652
$ (4,943)
$ 98,946
100;926
t 1,980
Coverage
Ratio
2.86
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CITY OF' SCHERTZ, , TEXAS
BONDED DEBT
SEPTEMBER 30, 1980
WATER AND SEWER REVENUE BOND COVERAGE
Net Cash
Cash Available
Operating For Debt Debt Service Requirements
Expenses Service Princ;l.pa1 Interest Total Coverage
93,741 147,103 l5,OOO 26,975 41,975 3.50:1
171,995 95,901 20,000 37,317 57,317 1.67:1
212,248 142;025 ,20,000 ' 36,392 56,392 2.52:1
232,619 14"3,252 20,000 59,255 79,255 1.81:1
248,527 170,237 20,000 58,330 78,330 2.17:1
299,119 137,438 20,000 57,405 77,405 1. 78:1
331,060 l29,223 20,000 56,480 , 76,480 1.68:1
369,545 200,539 25,000 55,417 80,417 2.50:1
Isea1
tf!!--- Revenues
173 ' 240,844
1174 267,897
1975 354,273
'176 375,871
\177
178
179
1980
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418,764
436,557
460,283
570,084
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Number of Customers
Water Sewer
1,700 1,640
1,783 1,723
1,926 1,783
1,933 1,805
2,109 1,990
2,124 2,046
2,146 2,041
2,203 2,20l
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Policy: '
Co".o;raga:
Term: '
Policy:
Coverage:
Term:
Polic:\!:
Coverage:
Term:
Policy:
Coverage:
Term:
Policy:
Coverage:
Policy:
Coverage:
Term:
Policy:
Coverage:
Term:
CITY OF SCHERTZ. TEXAS
INSURANCE AND BOND COVERAGE
FOR THE YEAR ENDEl? SEPTEMBER 30, 1980
Associated Indemnity Corporation, No. LA-289-92-69
,'"Comprehensive Automobile Liability, $100/300,000 Bodily
" '. Injury, $50,000 'Property Damage; Comprehensive, Fire, and
Theft Coverage as listed
"February 5, 1980 to FebruarY 5, 1981
Aetna Casualty and Surety
Workmen's Compensation - No:. l8ct 2665lCAA
October 1, 1979 to October 1, 1980
American Standard Loyds, No. IMP l02-50-34
Fire and Extended Coverage, $1,236,380, 80% Co-insurance, where
applicable, on City Hall, Fire Station, and Police Station
(including contents), Metal Buildings, Lift Stations, Water
Tanks, Recreational Buildings, Council Chambers, Comfort
Stations, etc.
October 1, 1979 to October 1, 1982
National Surety Corporation, Bond No. 5176479
Public Employees' Blanket Bond, $2,500
October 1, 1979 to October 1, 1982
Fidelity and Deposit Company of Maryland, Bond~lIQ.?921~888 '
Public Official Bond, ,City Manager and Treasurer, $20,000
September 10, 1979 - Indefinitely
Fidelity and Deposit Company of Maryland,Bond No. 8943561
Public Official Bond, Tax Assessor-Collector, $10,000
April 10, 1977 - Indefinitely
Fidelity and Deposit Company of Maryland, Bond No. 8943258
,Public Official Bond, City Secretary/Assistant Treasurerl
Assistant City Manager, $10,000
December 18, 1976 - Indefinitely
-42-
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CITY OF SCHERTZ, TEXAS
,STATISTICAL DATA
MISCELLANEOUS STATISTICAL DATA
FOR THE YEAR ENDED SEPTEMBER 30, 1980
Date of Incorporation:
Form of Government:
Area:
Fire Protection:
Number of stations
Number of employees
Police Protection:
Number of stations
Number of employees
Recreation:
~umber of parks, playgrounds and recreation centers over one acre
Number of municipal swimming pools
NUmber ox community' centers
Education:
(Two school districts wholly or partly within Schertz city limits)
Number of' schools
Number of teachers
Number of students registered
Average daily attendance
Employees:
Regular
Temporary
Seasonal
Part-time
Total
Election: (April 5, 1980)'
Registered voters
Number of votes cast last city regular election
Percentage of registered voters voting
Population:
-43-
1958
Cotincil~Manager
5,405.2 Acres
1
2
1
17
4
1
1
j
146
2,392
2,295
34
1
11
2-
,g
2,378
1,009
42
7,610
(~