05-19-1992 (City Council) Agenda Packet AGENDA
CALLED WORK SESSION CITY COUNCIL
CITY OF WYLIE, TEXAS
TUESDAY, MAY 19, 1992
7:00 P. M. COUNCIL CONFERENCE
ROOM MUNICIPAL COMPLEX
2000 HIGHWAY 78 NORTH
CALL TO ORDER" o
ORDER OF
BUSINESS BUSINESS
1 Discussion and Mid Year Budget Review
2 Adjourn
NOTICE OF WORK SESSION
Notice is hereby given that the governing body of the City
of Wylie will meet at 7 : 00 P. M. on the /9 day of
C /'/? , 199_2 , in the Council Conference Room
of the Mu icipal Complex at 2000 Hwy. 78 North in the
City of Wylie, Texas , for the purpose of considering the
above agenda .
6 ii,
Carolyn es ,00, Secretary
POSTED THIS THE AY DAY OF C';%//7, . 199,2, ,
AT /, 411_M.
CITY OF WYLIE, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED
September 30, 1991
Prepared By: Finance Department, City of Wylie, Texas
Brady Snellgrove, Director
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CITY OF WYLIE, TEXAS
Comprehensive Annual Financial Report
Year Ended September 30, 1991
Table of Contents
Exhibit Page
INTRODUCTORY SECTION
Letter of Transmittal 1
Certificate of Achievement for Excellence in Financial Reporting 6
Organizational Chart 7
List of Principal Officials 8
FINANCIAL SECTION
Independent Auditor's Report 11
General Purpose Financial Statements:
Combined Balance Sheet - All Fund Types and Account Groups I 14
Combined Statement of Revenues, Expenditures and Changes in Fund
Balance - All Governmental Fund Types and Expendable Trust Funds II 16
Combined Statement of Revenues, Expenditures and Changes in Fund
Balance - Budget and Actual - Governmental Fund Types III 18
Combined Statement of Revenues, Expenses and Changes in Retained
Earnings - All Proprietary Fund Types IV 21
Combined Statement of Cash Flows - All Proprietary Fund Types V 22
Notes to the Financial Statements 24
Combining, Individual Fund and Account Group Statements and Schedules: Schedule
General Fund:
Comparative Balance Sheets A-1 40
Comparative Statements of Revenues,
Expenditures and Changes in Fund Balance A-2 41
Statement of Revenues, Expenditures
and Changes in Fund Balance - Budget (GAAP Basis) and Actual A-3 42
Special Revenue Funds:
Combining Balance Sheet B-1 46
�.. Combining Statement of Revenues,
Expenditures, and Changes in Fund Balance B-2 48
Library Contribution Special Revenue Fund:
Comparative Balance Sheets B-3 50
Comparative Statements of Revenues,
Expenditures, and Changes in Fund Balance B-4 51
Landfill Improvement Special Revenue Fund:
Comparative Balance Sheets B-5 52
Comparative Statements of Revenues,
Expenditures, and Changes in Fund Balance B-6 53
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CITY OF WYLIE, TEXAS
Comprehensive Annual Financial Report
Year Ended September 30, 1991 w.
Table of Contents
Schedule Page
Park Improvement Special Revenue Fund:
Comparative Balance Sheets B-7 54
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Comparative Statements of Revenues,
Expenditures, and Changes in Fund Balance B-8 55
Economic Development Special Revenue Fund
Comparative Balance Sheets B-9 56
Comparative Statements of Revenues,
Expenditures, and Changes in Fund Balance B-10 57 �.
Debt Service Fund:
Comparative Balance Sheets C-1 60 -
Comparative Statements of Revenues
Expenditures, and Changes in Fund Balance C-2 61
Statement of Revenues Expenditures,
and Changes in Fund Balance - Budget (GAAP Basis) and Actual C-3 62
Capital Project Funds:
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Combining Balance Sheet D-1 64
Combining Statement of Revenues,
Expenditures, and Changes in Fund Balance D-2 66
Public Construction Equipment Notes Capital Project Fund:
Comparative Statements of Revenues,
Expenditures, and Changes in Fund Balance D-3 68
Street Construction Capital Project Fund:
Comparative Balance Sheets D-4 69
Comparative Statements of Revenues,
Expenditures, and Changes in Fund Balance D-5 70
Statement of Revenues, Expenditures,
and Changes in Fund Balance - Budget (GAAP Basis) and Actual D-6 71
Street Improvement Capital Project Fund:
Comparative Balance Sheets D-7 72
Comparative Statements of Revenues,
Expenditures, and Changes in Fund Balance D-8 73
Landfill Closure Capital Project Fund:
Comparative Balance Sheets D-9 74
Comparative Statements of Revenues,
Expenditures, and Changes in Fund Balance D-10 75
Public Safety Capital Project Fund:
Comparative Statements of Revenues,
Expenditures, and Changes in Fund Balance D-11 76
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CITY OF WYLIE, TEXAS
Comprehensive Annual Financial Report
Year Ended September 30, 1991
Table of Contents
Schedule Page
Service Center/Animal Shelter Capital Project Fund:
Comparative Balance Sheets 0-12 77
Comparative Statements of Revenues,
Expenditures, and Changes in Fund Balance D-13 78
Statement of Revenues, Expenditures,
and Changes in Fund Balances - Budget (GAAP Basis) and Actual D-14 79
Proprietary Fund Types:
Combining Balance Sheet E-1 82
Combining Statement of Revenues,
Expenses, and Changes in Retained Earnings (Deficit) E-2 83
Combining Statement of Cash Flows E-3 84
Utility Enterprise Fund:
Comparative Balance Sheets E-4 88
Comparative Statements of Revenues,
Expenses, and Changes in Retained Earnings (Deficit) E-5 73
Comparative Statements of Cash Flows E-6 90
Sanitation Enterprise Fund:
Comparative Balance Sheets E-7 92
Comparative Statements of Revenues,
Expenses, and Changes in Retained Earnings (Deficit) E-8 93
Comparative Statements of Cash Flows E-9 95
Trust and Agency Funds:
Combining Balance Sheet F-1 98
Combining Statement of Revenues,
Expenditures, and Changes in Fund
... Balance - Expendable Trust Fund F-2 100
Combining Statement of Changes in
Assets and Liabilities - All Agency Funds F-3 101
General Fixed Assets Account Group:
Comparative Schedules of General Fixed Assets - By Source G-1 104
Schedule of General Fixed Assets - By Function and Activity G-2 105
Schedule of Changes in General Fixed
Assets - By Function and Activity G-3 106
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CITY OF WYLIE, TEXAS
Comprehensive Annual Financial Report
Year Ended September 30, 1991 w
Table of Contents (Continued)
Table Page
STATISTICAL SECTION (Unaudited)
General Governmental Expenditures by Function 1 108
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General Governmental Revenues by Source 3 109
Property Tax Levies and Collections 3 110
Assessed and Estimated Actual Value of Taxable Property 4 111
Property Tax Rates - Direct and Overlapping Governments 5 112
Special Assessment Billings and Collections 6 113 —
Computation of Legal Debt Margin 7 114
Ratio of Net General Bonded Debt to Assessed Value w
and Net Bonded Debt Per Capita 8 115
Ratio of Annual Debt Service Expenditures for General Bonded Debt
to General Governmental Expenditures 9 116
Computation of Direct and Overlapping Debt 10 117
Revenue Bond Coverage 11 118
Demographic Statistics 12 119
Property Value, Construction, and Bank Deposits 13 120
Principal Taxpayers 14 121 `"
Miscellaneous Statistical Data 15 122
Largest Water Utility Customers 16 123
Schedule of Water and Sewer Rates 17 124
Schedule of Insurance in Force 18 125 w
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INTRODUCTORY SECTION
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CITY OF VVYLIE
2000 HWY.78N.-P.O. BOX 428
WYLIE,TEXAS 75098
(214)442-2236 • FAX 442-4302
LETTER OF TRANSMITTAL
March 10, 1992
The Honorable John W. Akin, Mayor
Members of the City Council,
and City Manager
City of Wylie, Texas
The finance department of the City Of Wylie is pleased to submit the Comprehensive Annual Financial Report of
the City of Wylie, for the fiscal year ended September 30, 1991. The purpose of the report is to provide the
Council, management, staff, the public and other interested parties with detailed information reflecting the
City's financial condition.
Responsibility for accuracy of the data, and the completeness and fairness of the presentation, including all
disclosures, rests with the City. We believe the information, as presented, is accurate in all material
respects; that it is presented in a manner designed to fairly set forth the financial position and results of
operation of the City as measured by the financial activity of its funds; and that all disclosures necessary
to enable the reader to gain the maximum understanding of the City's financial affairs have been included.
This comprehensive annual financial report is presented three sections: introductory, financial, and
statistical. The introductory section includes this letter of transmittal, the City's organizational chart,
and a list of principal officials. The financial section includes the independent auditors' report as well as
the general purpose financial statements and the individual fund and account group financial statements and
schedules. The statistical section includes tables and schedules reflecting supplemental information concerning
the City's financial condition and demographic data, generally presented on a multiyear basis.
The City of Wylie is not required to undergo an annual single audit in conformity with the provisions of the
Single Audit Act of 1984, since no Federal financial assistance was received during the year ended September
30, 1991.
The City of Wylie Home Rule Charter was adopted by vote of the citizens on January 19, 1985. The City operates
under a council-manager form of government, with the city council comprised of seven members including the
Mayor. The City Council is responsible for adopting ordinances and regulations governing the city, adopting
the budget, determining policies, and appointing the City Manager, the City Attorney, the City Engineer, and
the judge of the iunicipal court, as well as members of various boards and commissions. As chief administrative
officer, the city manager is responsible to the council for appointing and supervising employees of the City
(except for the City Attorney, City Engineer and the City Judge which are appointed by the City Council), and
for preparing and administering the annual budget and capital improvement program.
THE REPORTING ENTITY AND ITS SERVICES
This report includes all of the funds and account groups of the city. It includes all activities over which
the City Council exercises oversight responsibility.
Services provided by the City under general government functions include police and fire protection, emergency
medical services, street maintenance, code enforcement services, library services, animal control services,
planning and engineering activities, and operation and maintenance of parks and city-owned buildings. The city
operates its own water and sewer system, with treated water purchased from the North Texas Municipal Water
District under terms of a contract extending to the year 2010, and the District operates the City's wastewater
treatment plant. The City also contracts with a private firm for refuse collection and disposal services.
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The primary provider of elementary and secondary education services to the City is the Wylie Independent School
District. Five campuses, three elementary schools, one middle school and one senior high school, serve the
student population. A small portion of the City is located in the Community Independent School District, but
there are no Community I.S.D. facilities in Wylie. The City Council has no oversight responsibility for __
education services and, accordingly, school district financial data are not included in the combined financial
statements in this report.
ECONOMIC CONDITION AND OUTLOOK
The City of Wylie is located in the southeast corner of Collin County, approximately 25 miles northeast of
downtown Dallas and is considered a part of the Dallas-Fort Worth Metroplex (with a total population of over
3,700,000 people). This area ranks as one of the top growth areas in the country. The economy of the metroplex
and surrounding communities is based upon diversified manufacturing and service industries, and agriculture.
The eleven county Dallas-Fort Worth Metroplex has been designated as one consolidated Metropolitan Statistical
Area, and constitutes the second largest inland metropolitan area in the world.
The economy of the metroplex, as well as that of the entire state, has continued to improve. Full funding is
being proposed for the superconducting supercollider project which is scheduled to be built in the area just �*
south of the metroplex. The Dallas-Fort Worth Regional Airport is continuing with expansion plans to meet the
future transportation needs of the area. Alliance Airport, a large general aviation facility near Fort Worth,
is now operational. Due to favorable economic conditions, corporate relocations are continuing to come to this
area. The banking industry within the state is well on its way to becoming sound once again and with the
current low interest rates, it is anticipated that the real estate market is at the point of beginning a strong
recovery.
Locally, Brookshires, a 40,000 square foot full service supermarket, employing approximately forty people,
opened. This is phase one of a planned retail shopping center, commonly referred to as the Martinez addition. ..e
Additionally, a preliminary plat has been approved for the Oakridge subdivision which upon completion is
scheduled to consist of 96 single family homes.
MAJOR INITIATIVES
AMP
During the year, the Development Corporation of Wylie, Inc. organized and hired a director and has actively been
pursuing growth opportunities for the City. In conjunction with the Development Corporation, the City intends
to initiate a formal study which will culminate in a thirty year plan for economic growth within the City.
A new National Guard Armory which has been in the planning stage for sometime began construction at year end.
When completed, the building will serve as a training facility for approximately 200 troops each weekend
throughout the year. It is projected that this 28,500 square foot facility will result in increased local sales
of $3,500,000 annually.
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The City of Wylie in conjunction with the State Highway department and Collin County is moving forward with the
expansion plans for State Highways 544 and 78. Both of these highways will be expanded to multi-lane
thoroughfares that will give Wylie quick access to Dallas and other metropolitan locations. The highway
department is scheduling both of these highways to be under construction within two to three years. ..
The City of Wylie has spent the past year addressing future land use plans, thoroughfare plans, capital
requirements and other long range initiatives that wilt take Wylie into the 21st century.
FINANCIAL INFORMATION
Management of the City is responsible for establishing and maintaining an internal control structure designed
to ensure that the assets of the City are protected from loss, theft or misuse and to ensure that adequate
accounting data are compiled to allow for the preparation of financial statements in conformity with generally ...
accepted accounting principles. The internal control structure is designed to provide reasonable, but not
absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that: (1)
the cost of a control should not exceed the benefits likely to be derived; and (2) the valuation of costs and
benefits requires estimates and judgements by management.
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In addition, the City maintains budgetary controls. The objective of these budgetary controls is to ensure
compliance with legal provisions embodied in the annual appropriated budget approved by the City council.
Activities of the General Fund, Debt Service Fund, and Capital Projects Fund are included in the annual
appropriated budget. The level of budgetary control (that is, the level at which expenditures cannot legally
exceed the appropriated amount) is established by department within individual funds. Any budgeted amounts
appropriated at fiscal year end and not spent, automatically lapse. Encumbrance accounting is utilized by the
governmental funds.
As demonstrated by the statements and schedule included in the financial section of the report, the City
continues to meet its responsibility for sound financial management.
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GENERAL GOVERNMENT FUNCTIONS:
The following schedule presents a summary of the General Fund, Special Revenue Funds, and Debt Service Fund
revenues for the fiscal year ended September 30, 1991 and the amount and percentage of increases and decreases
. . in relation to prior year revenues:
Increase Percent of
Percent (Decrease) Increase
Revenues Amount of Total From 1990 (Decrease)
... Ad valorem taxes $2,113,500 61.87% $326,384 18.26%
Sales taxes 550,121 16.11% 129,884 30.91%
Franchise taxes 342,006 10.01% 29,213 9.34%
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Licenses and permits 66,369 1.94% (20,344) -23.46%
Intergovernmental 88,580 2.59% 30,347 52.11%
- Service fees 50,560 1.48% 1,844 3.79%
Court fees 115,006 3.37% (78,739) -40.64%
Interest 37,371 1.09% (10,139) -21.34%
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Assessments 1,971 0.06% 1,393 241.00%
Miscellaneous 50,477 1.48% (7,436) -12.84%
a-- $3,4� 15,961 100.00% $402,407 13.35%
Total revenues increased over the prior year by $402,407 or 13.35%. Ad valorem taxes accounted for most of the
increase and was a result of an increase in the total assessed value of almost ten percent coupled with an
increase in of six cents per $100 valuation. Additionally, sales tax collections were up reflecting both an
— increase in the sales tax rate (primarily to fund the new Wylie Development Corporation) and increased economic
activity in the City. These increases were partially offset by a decrease of $78,739 in court fees.
The following schedule presents a summary of the General Fund, Special Revenue Funds, and the Debt Service Fund
expenditures for the fiscal year ended September 30, 1991 and the percentages of increases and decreases in
relation to prior year amounts:
Increase Percent of
Percent (Decrease) Increase
Expenditures Amount of Total From 1990 (Decrease)
— Current:
General government $907,523 23.99% $40,350 4.65%
Public safety 1,047,852 27.70% 140,928 15.54%
Urban development 205,673 5.44% 26,164 14.58%
Public works 632,298 16.71% 211,381 50.22%
..,.. Community services 199,900 5.28% 86,265 75.91%
Capital outlay 124,537 3.29% 17,781 16.66%
Debt service 665,517 17.59% 179,131 36.83%
$3,783,300 100.00% $702,000 22.78%
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Total expenditures increased from the prior year by $702,000 or 22.78%. The increase of $140,928 in the Public ..
Safety area was caused by the addition of five additional police officers and a new full time fire department
member. The increase of $211,381 in public works reflects an emphasis on road maintenance and a program to
upgrade the City's streets. The increase in community services reflects additional personnel in the parks
department and a program to upgrade the City's parks. The increase of $179,131 in debt service reflects
payments on the 1990 bond issue.
GENERAL FUND BALANCE
The fund balance of the General Fund decreased by 53.3%. This decrease of $216,398 represents approximately
27 days of current expenditures, and leaves the City with a fund balance representing only 23 days of
expenditures.
ENTERPRISE OPERATIONS .�
The City's enterprise operations are comprised of two separate and distinct activities, each reported in a
separate fund: (1) Water and Sewer Operations, (2) Sanitation Operations.
The Utility Fund (water and sewer operations) closed the fiscal year ended September 30, 1991, with a deficit
of $327,056 which resulted primarily from a prior period adjustment which corrected the accounting for impact
fees which are now shown as contributed capital. Operating revenues increased $222,807 (or 12%) to $2,069,812,
primarily due to a rate increase. Operating expenses decreased $158,917 (or 8.5%) to $1,708,867 primarily due
to a decrease in the cost of water and wastewater. �•
RETIREMENT SYSTEM
The City of Wylie provides pension benefits to all full-time employees through a nontraditional, joint
contribution plan administered by the Texas Municipal Retirement System, an agent multi-employer public employee
retirement system. Pension expense for the year ended September 30, 1991 (including prior service costs
amortized over 25 years) was $63,295. This compares to an expense of $46,236 in 1990. The increase was caused
by an increase in the number of employees covered by the retirement plan.
DEBT ADMINISTRATION
Outstanding General Obligation Bonds and Certificates of Obligation at September 30, 1991 totalled $6,625,000,
of which $2,127,145 was issued for water and sewer improvements. These bonds are reported as liabilities of
the respective funds. In addition, the Utility Fund has outstanding $655,000 of revenue funds, at September ..
30, 1991 with a rating of Baa for Moody's and A for Standard and Poors.
CASH MANAGEMENT
Cash, temporarily idle during the year, was invested on a competitive basis in Certificates of Deposit ranging
in maturity from 30 to 180 days, and securities of the U.S. government and its agencies. All City demand
deposits are held in interest bearing accounts.
RISK MANAGEMENT
Under the City's home rule charter and bylaw the City is permitted to insure itself against the various risks
of liability and loss to which it is exposed. This may be done either though an insurance provider or through
a defined self-insurance program. At this time, the City purchases commercial insurance to indemnify itself ..
in the event of toss.
OTHER INFORMATION
INDEPENDENT AUDIT
State statutes require an annual audit by independent certified public accountants. The accounting firm of
Rutledge Crain & Company, PC, Certified Public Accountants was selected by the City Council. The auditors'
report on the general purpose financial statements and combining and individual fund statements and schedules ,..
is included in the financial section of this report.
AWARDS
The government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of
Achievement for Excellence in Financial Reporting to the City of Wylie for its comprehensive annual financial
report for the fiscal year ended September 30, 1990. The Certificate of Achievement is a prestigious national
award recognizing conformance with the highest standards for preparation of state and local government financial
reports.
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In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and
efficiently organized comprehensive annual financial report, whose contents conform to program standards. Such
comprehensive annual financial report must satisfy both generally accepted accounting principles and applicable
legal requirements.
A Certificate of Achievement is valid for a period of one year only. The City of Wylie has received a
Certificate for the last two consecutive years. We believe that our current comprehensive annual financial
report continues to meet the Certificate of Achievement Program requirements and we are submitting it to the
GFOA.
ACKNOWLEDGMENTS
The preparation of the comprehensive annual financial report on a timely basis was made possible by the,
dedicated service of the entire staff of the finance department. Each member of the department has our sincere
appreciation for the contributions made in the preparation of this report. We are grateful to the City Council
and the City Manager for their support of the Department. We will do all we can to help them realize their
goals for the community.
Respectfully submi ted,
Brady . snellgrove
Di for of Finance
Prudence Kling
Accounting Supervisor
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Certificate
of
Achievement
for Excellence
in Financial
Reportin g
Presented to City of Wylie,
Texas
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
September 30, 1990
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAFR's) achieve the highest
standards in government accounting
and financial reporting.
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President cuuDAlCORPORAT
SEA
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t+ncuo ��
Executive Director
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CITY OF WYLIE
ORGANIZATIONAL CHART
FOR FISCAL YEAR 1991
Public
Municipal City City
Judge Council Attorney
City
Manager
Municipal Parks City Finance Public
Library And Secretary And Police Fire Works Engineering
Recreation Budget
Personnel Utility Animal Emergency Urban Planning
Support Collections Control Preparedness Streets Development And
Services Engineering
Municipal Building Planning Special
Court Services Water And Projects
Zoning
Code Environmental
Sewer Enforcement Services
Garage Inspections
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CITY OF WYLIE, TEXAS
LIST OF PRINCIPAL OFFICIALS
September 30, 1991
Title Name
Elected officials:
Mayor John W. Akin
Mayor Pro Tem, Place 3 Jay Davis
Council Member, Place 1 Jim Swartz
Council Member, Place 2 William Martin
Council Member, Place 4 Don Hughes
Council Member, Place 5 Ortie Messenger
Council Member, Place 6 Percy Simmons ,^
Appointed Officials:
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City Manager Steve Norwood
City Attorney Steve Deiter
City Secretary & Personnel Director Carolyn Jones
Director Of Finance Brady Snettgrove
Director of Engineering Paul Beaver
Library Director Phyllis Floyd
Director of Public Works Operations Bill Flowers _
Police Chief Harvey Hightower
Building Official Rick Herzberger
Fire Chief Jimmy Lynch ..
Parks & Recreation Director William Nelson
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FINANCIAL SECTION
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RUTLEDGE CRAIN & COMPANY, PC
CERTIFIED PUBLIC ACCOUNTANTS
160' E !Lamar. Suite 109
Arlington, Texas 76011
Metro(817)265-9989 Fax(817)861-9623
The Honorable City Council
City of Wylie, Texas
We have audited the accompanying general purpose financial statements of the City of Wylie, Texas, as of
September 30, 1991 and for the year then ended. These financial statements are the responsibility of the
City's management. Our responsibility is to express an opinion on these financial statements based on our
audit.
We conducted our audit in accordance with generally accepted auditing standards. Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether the general purpose
financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the general purpose financial statements. An audit also
includes assessing the accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our audit provides a reasonable
basis for our opinion.
In our opinion, the general purpose financial statements referred to above present fairly, in all material
respects, the financial position of the City of Wylie, Texas, as of September 30, 1991, and the results of
its operations and the cash flows of its proprietary fund types for the year then ended in conformity with
generally accepted accounting principles.
Our audit was made for the purpose of forming an opinion on the general purpose financial statements taken
as a whole. The accompanying combining, individual fund, and individual account group financial statements
listed in the table of contents are presented for purposes of additional analysis and are not a required
part of the general purpose financial statements of the City of Wylie, Texas. Such information has been
subjected to the auditing procedures applied in the audit of the general purpose financial statements and,
in our opinion, is fairly stated in all material respects in relation to the general purpose financial
statements taken as a whole.
The statistical information listed in the foregoing table of contents was not audited by us and,
accordingly, we do not express an opinion thereon.
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December 31, 1991 G%
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Memoers
Christian A Rutledge CPA American Institute of Certified DuoIic Accountants Lewis Crain,CPA
Texas Society of Certified Pions Accountants
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GENERAL PURPOSE FINANCIAL STATEMENTS
These basic financial statements provide a summary of the financial position of all funds
and account groups as well as the operating results of all funds. They also serve as an
introduction to the more detailed statements and schedules that follow in the next
subsection.
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EXHIBIT I
OM
CITY OF WYLIE, TEXAS
COMBINED BALANCE SHEET -- ALL FUND TYPES AND ACCOUNT GROUPS
September 30,1991
With comparative totals for 1990
Special Capital
General Fund Revenue Funds Debt Service Funds Project Funds
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ASSETS AND OTHER DEBITS
Assets:
Cash and cash equivalents $ 95,717 $ 194,998 $ 163,939 $ 1,499,866
Investments - - - -
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Receivables - net of allowance for uncollectibiles:
Taxes 140,746 - 70,161 -
Accounts 43,788 10,887 - -
Assessments - -
Intergovernmental - 53,377- +!
Due from other funds 135,471 - 12,891 351,292
Inventories 13,562 - - -
Restricted assets - - -
Prepaid expenses - - - _
Fixed assets - net (where applicable) of depreciation - - - -
Other debits:
Amount available in debt service fund - - - -
Amount to be provided - - - - ..
TOTAL ASSETS $ 429,284 $ 205,885 $ 246,991 $ 1,904,535
LIABILITIES, EQUITY AND OTHER CREDITS "'
Liabilities:
Accounts payable $ 34,779 $ - $ - $ -
Due to others - - -
Accrued liabilities 82,746 - - 1,271
Due to other funds 398 - 115,531 -
Deferred revenue 121,705 - 60,439 53,377
Liabilities payable from restricted assets - - - -
General obligation bonds - - - -
Revenue bonds - - -
Capital leases payable - - - -
Compensated absences payable - - - -
Certificates of obligation - - - - „"
TOTAL LIABILITIES 239,628 - 175,970 54,648
EQUITY AND OTHER CREDITS:
Investments in general fixed assets - - - -
Contributed capital - - -
Retained earnings - unreserved - - - -
Fund balance - reserved 35,000 - - - -
Fund balance - unreserved 154,656 205,885 71,021 1,849,887
TOTAL EQUITY AND OTHER CREDITS 189,656 205,885 71,021 1,849,887
TOTAL LIABILITIES EQUITY AND OTHER CREDITS $ 429,284 $ 205,885 $ 246,991 $ 1,904,535
The accompanying notes to financial statements are an integral part of this statement.
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_ Trust General General Memorandum Only
Enterprise Funds and Agency Funds Fixed Asset Group Long-term Debt Group 1991 1990
$ 312,446 $ 30,195 $ - $ - S 2,297,161 $ 590,087
- 6,661 - - 6,661 2,632,220
- - - 210,907 210,842
269,206 - - - 323,881 284,589
-
- - -27,343 _ 53,377 56,377
27,343
- 398 - - 500,052 101,144
37,911 - - - 51,473 54,491
410,594 - - - 410,594 438,781
-. 16,298 - - - 16,298
7,574,690 - 8,631,488 - 16,206,178 16,099,884
- - 71,021 71,021 7,050
- - - 4,472,019 4,472,019 4,753,139
$ 8,648,488 $ 37,254 S 8,631,488 $ 4,543,040 $ 24,646,965 $ 25,228,604
$ 64,202 $ 429 $ - $ - $ 99,410 S 368,261
24,795 - - 24,795 118,656
""" 11,069 - - - 95,086 76,996
384,123 - - - 500,052 101,144
- - - 235,521 255,089
337,853 - - - 337,853 326,930
- - 1,615,000 1,615,000 1,725,000
630,000 - - 2,882,855 3,512,855 3,665,000
1,747,750 - - 7,649 1,755,399 1,913,540
-- - 37,536 37,536 25,189
m 2,069,290 - - - 2,069,290 2,170,000
5,244,287 25,224 - 4,543,040 10,282,797 10,745,805
- - 8,631,488 - 8,631,488 8,473,100
3,734,881 - - - 3,734,881 3,782,138
(330,680) - - - (330,680) (168,529)
-
- - - 35,000
""' - 12,030 - - 2,293,479 2,396,090
3,404,201 12,030 8,631,488 - 14,364,168 14,482,799
„_ $ 8,648,488 $ 37,254 $ 8,631,488 $ 4,543,040 $ 24,646,965 $ 25,228,604
15
EXHIBIT II
CITY OF WYLIE, TEXAS "`
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES--
ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS
Year Ended September 30, 1991
With comparative totals for 1990 ,..
Special Capital ..
General Fund Revenue Funds Debt Service Funds Project Funds
REVENUES
Ad valorem taxes $ 1,399,137 $ - $ 714,363 $
Sales taxes 367,046 183,075
Franchise taxes 342,006 - -
Licenses and permits 66 369 - - ".
-
Intergovernmental revenues 88,580 - - -
Service fees 50,560 - -
-
Court fees 115,006 -
Interest 23,185 5,608 8,578 107,345 ...
Assessments 1,971 3,000
Miscellaneous 36,936 13,541 -
TOTAL REVENUES 2,490,796 202,224 722,941 110,345
EXPENDITURES
Current Expenditures
General Government 907,523 - -
Public safety 1,047 852 - - 7,176
Urban development 197,291 8,382 -
Public works 632,298 - 189,708
Community services 180,665 19,235 -
Tctal Current Expenditures 2,965,629 27,617 - 196,884
Capital expenditures 117,911 6,626 - 3,550
Debt service 2,447 - 663,070 -
TOTAL EXPENDITURES 3,085,987 34,243 663,070 200,434
Excess (deficiency) of revenues over
expenditures (595,191) 167,981 59,871 (90,089) ""
OTHER FINANCING SOURCES (USES)
Proceeds of Long-term Debt 9,293 - - -
Operating Transfers In 369,500 - - 53,183
w.
Operating Transfers Out - (8,183) - (45,000)
TOTAL OTHER FINANCING SOURCES (USES) 378,793 (8,183) - 8,183
Excess (deficiency) of revenues over OM
expenditures and other sources (uses) (216,398) 159,798 59,871 (81,906)
Fund Balances at beginning of year 406,054 46,087 11,150 1,931,793
Fund Balances at end of year $ 189,656 $ 205,885 $ 71,021 $ 1,849,887 -
The accompanying notes to financial statements are an integral part of this statement. w.
..
16
Expendable Memorandum Only
Trust Funds 1991 1990
$ - $ 2,113,500 $ 1,787,116
550,121 445,080
243 342,249 312,828
-~- - 66,369 86,713
-
88,580 58,233
-
50,560 48,716
115,006 193,745
.. 1,011 145,727 177,916
4,971 809
49,500 99,977 63,674
50,754 3,577,060 3,174,830
907,523 867,174
"" 9,429 1,064,457 906,940
- 205,673 179,510
- 822,006 626,392
- 199,900 113,635
.. 9,429 3,199,559 2,693,651
30,301 158,388 152,047
- 665,517 486,386
39,730 4,023,464 3,332,084
__ 11,024 (446,404) (157,254)
9,293 1,500,000
84 422,767 295,614
'.. (84) (53,267) (141,465)
- 378,793 1,654,149
11,024 (67,611) 1,496,895
1,006 2,396,090 899,195
$ 12,030 $ 2,328,479 $ 2,396,090
17
EXHIBIT III
CITY OF WYLIE, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES--
BUDGET AND ACTUAL -- GOVERNMENTAL FUND TYPES
Year Ended September 30, 1991
...
General Fund
Variance
Favorable ..
Budget Actual (Unfavorable)
REVENUESOM
Ad valorem taxes $ 1,406,360 $ 1,399,137 $ (7,223)
Sales taxes 360,960 367,046 6,086
Franchise taxes 342,310 342,006 (304)
Licenses and permits 65,130 66,369 1,239
Intergovernmental revenues 60,920 88,580 27,660
Service fees 51,130 50,560 (570)
Court fees 95,395 115,006 19,611
Interest 21,110 23,185 2,075
Assessments 2,000 1,971 (29) -
Miscellaneous 30,345 36,936 6,591
TOTAL REVENUES 2,435,660 2,490,796 55,136
EXPENDITURES
Current Expenditures
General Government 864,078 907,523 (43,445)
Public safety 1,043,940 1,047,852 (3,912) ..
Urban development 188,350 197,291 (8,941)
Public works 596,933 632,298 (35,365)
Community services 174,685 180,665 (5,980)
..
Total Current Expenditures 2,867,986 2,965,629 (97,643)
Capital expenditures 108,447 117,911 (9,464)
Debt service 2,447 2,447 -
TOTAL EXPENDITURES 2,978,880 3,085,987 (107,107)
Excess (deficiency) of revenues over
expenditures (543,220) (595,191) (51,971)
OTHER FINANCING SOURCES (USES)
Proceeds of Long-term Debt - 9,293 9,293
Operating Transfers In 369,500 369,500 -
Operating Transfers Out - - -
TOTAL OTHER FINANCING SOURCES (USES) 369,500 378,793 9,293
Excess (deficiency) of revenues over .
expenditures and other sources (uses) (173,720) (216,398) (42,678)
Fund Balances at beginning of year 173,720 406,054 232,334
Fund Balances at end of year $ - $ 189,656 $ 189,656
The accompanying notes to financial statements are an integral part of this statement. ..
18
Capital
Debt Service Funds Project Funds
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ 692,500 $ 714,363 $ 21,863 $ - $ - $ _
8,578 8,578 4,745 20,337 15,592
-
_ - - - 3,000 3,000
692,500 722,941 30,441 4,745 23,337 18,592
- _ - - 1,000 7,176 (6,176)
115,000 112,738 2,262
-- - - 116,000 119,914 (3,914)
- - 299,000 3,550 295,450
692,500 663,070 29,430 - _
-
692,500 663,070 29,430 415,000 123,464 291,536
- 59,871 59,871 (410,255) (100,127) 310,128
- 45,255 45,000 (255)
- - 45,255 45,000 (255)
°"` - 59,871 59,871 (365,000) (55,127) 309,873
- 11,150 11,150 365,000 376,703 11,703
$ - $ 71,021 $ 71,021 $ - $ 321,576 $ 321,576
19
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20
EXHIBIT IV
CITY OF WYLIE, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS (DEFICIT)
ALL PROPRIETARY FUND TYPES
Year Ended September 30, 1991
With comparative totals for 1990
Enterprise Funds
1991 1990
OPERATING REVENUES
Water sales $ 1,083,080 $ 978,095
Sewer Sales 907,372 776,016
Sanitation fees 367,688 283,852
Penalty and interest 40,114 63,167
Tap and reconnect fees 20,109 21,377
Miscellaneous income 19,137 8,350
• Total Operating Revenues 2,437,500 2,130,857
OPERATING EXPENSES
Utility administration 90,125 102,168
Water 548,911 647,931
Wastewater 343,503 422,646
Utility billing 190,707 208,043
Building services 30,450 38,327
- Depreciation 505,171 448,669
Sanitation 309,437 292,123
Total Operating Expenses 2,018,304 2,159,907
Operating income 419,196 (29,050)
NONOPERATING REVENUES (EXPENSES)
• Nonoperating Revenues 51,365 115,413
Nonoperating Expenses (357,685) (322,936)
Total Nonoperating revenues
(expenses) (306,320) (207,523)
Income before operating transfers 112,876 (236,573)
• OPERATING TRANSFERS
Operating Transfers In 206,960 136,746
Operating Transfers Out (576,460) (290,403)
Total operating transfers (369,500) (153,657)
Net Income (256,625) (390,230)
Add back depreciation on contributed assets 94,474 96,512
(162,151) (293,718)
Retained Earnings/(Deficit)
beginning of year (168,529) 125,190
• Retained Earnings/(Deficit)
end of year $ (330,680) $ (168,529)
The accompanying notes to financial statements are an integral part of this statement.
21
EXHIBIT V
CITY OF WYLIE, TEXAS
COMBINED STATEMENT OF CASH FLOWS --
ALL PROPRIETARY FUND TYPES ^"
Year Ended September 30, 1991
With comparative totals for 1990
Enterprise Funds
1991 1990
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers $ 2,360,127 $ 2,144,574
Cash payments to suppliers for goods and services (1,307,621) (1,130,405)
Cash payments to employees for services (469,407) (414,598)
NET CASH PROVIDED BY OPERATING ACTIVITIES 583,099 599,571
CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES
Net borrowings (repayments) for interfund loans 319,181 23,832
Operating transfers in from other funds 206,960 32,092
Operating transfers out to other funds (576,460) (185,750)
NET CASH FLOWS PROVIDED (USED) BY
NON-CAPITAL FINANCING ACTIVITIES (50,319) (129,826)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Proceeds from capital lease 9,293 -
Proceeds from revenue bonds - 2,000,000 �-
Reduction of restricted assets 28,187 -
Purchase/construction of fixed assets (453,077) (1,881,466)
Principal repayments on certificates of
obligation (94,733) -
Principal repayments on revenue bonds (25,000) (40,000)
Principal repayments on capital leases (81,397) (100,678)
Interest and fiscal charges obligations, bonds
and capital leases (433,151) (228,930)
Capital contributions from developers 47,215 116,714 "'
NET CASH PROVIDED (USED) FOR CAPITAL
AND RELATED FINANCING ACTIVITIES (1,002,663) (134,360)
CASH FLOWS FROM INVESTING ACTIVITIES AI-
Interest earned on investments 51,366 114,760
Proceeds from investments 561,377 -
Purchase of investments - (463,011)
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES 612,743 (348,251) .»
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 142,860 (12,866)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 169,586 182,452 +-
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 312,446 $ 169,586
.Ills
The accompanying notes to financial statements are an integral part of this statement.
22 ..,
RECONCILIATION OF OPERATING INCOME TO
NET CASH PROVIDED BY OPERATING ACTIVITIES
Enterprise Funds
1991 1990
Operating income (loss) $ 419,196 $ (29,050)
Adjustments to reconcile operating income to
net cash provided by operating activities:
Depreciation and amortization 505,171 448,669
Change in assets and liabilities:
(Increase) decrease in assets:
Accounts receivable (64,099) 1,359
Intergovernmental (27,343) -
Inventories (4,208) 25,107
Prepaid expense (16,300) -
Increase (decrease) in liabilities:
Accounts payable (208,343) 141,338
Accrued liabilities (13,375) 12,148
Due to other funds 5,674 Payable from restricted assets
Accrued liabilities (13,274) -
Total adjustments 163,903 628,621
Net cash provided (used) by operating activities $ 583,099 $ 599,571
-- 23
CITY OF WYLIE, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1991
1 - SUMMARY OF SIGNIFICANT POLICIES
The City of Wylie, Texas (City) was incorporated in 1887, and operates under a Council - Manager form of government as a
duly incorporated general law city as authorized by the general taws of the State of Texas and subsequent City *�
ordinances and provides the following services: public safety (police and fire), public improvements and streets,
water, sewer and sanitation, public improvements, planning and zoning, and general administrative services.
The financial statements of the City have been prepared in conformity with generally accepted accounting principles
(GAAP) as applied to government units. The governmental Accounting Standards Board (GASB) is the accepted standard-
setting body for establishing governmental accounting and financial reporting principles. The more significant of the
City's accounting policies are described below.
A. Reporting Entity
In evaluating how to define the government, for financial reporting purposes, management has considered all
potential component units. The decision to include a potential component unit in the reporting entity was made
by applying the criteria set forth in GAAP. The basic - but not the only - criterion for including a potential ."*
component unit with the reporting entity is the governing body's ability to exercise oversight responsibility.
The most significant manifestation of this ability is financial interdependency. Other manifestations of the
ability to exercise oversight responsibility include, but are not limited to, the selection of governing
authority, the designation of management, the ability to significantly influence operations, and accountability
for fiscal matters. A second criterion used in evaluating potential component units is the scope of public
service. Application of this criterion involves considering whether the activity benefits the government and/or
its citizens, or whether the activity is conducted within the geographic boundaries of the government and is
generally available to its citizens. A third criterion used to evaluate potential component units for inclusion
or exclusion from the reporting entity is the existence of special financing relationships, regardless of
whether the government is able to exercise oversight responsibilities. Based upon the application of these
criteria, the following is a brief review of each potential component unit addressed in defining the
government's reporting entity.
Included within the reporting entity:
Development Corporation of Wylie, Inc.
The Development Corporation of Wylie, Inc. (Corporation) was organized in 1990 under the Texas Non-Profit
Corporation Act to promote and develop industrial and manufacturing enterprises and employment and the public
welfare within the City of Wylie, Texas. The members of the board of directors are appointed by and accountable
to the City Council of the City of Wylie, Texas.
Excluded from the reporting entity:
North Texas Municipal Water District
The North Texas Municipal Water District (NTMWD), is excluded as a component unit as there exists no financial .MR
interdependency between the City and NTMWD other than the contractual obligations discussed in Note 13. The City
appoints one member to the NTMWD board, which consists of 17 members. The City's ability to designate
management or influence operations is minimal. The City has no accountability for fiscal matters. The
relationship between the NTMWD and the City is more fully discussed in Note 13. "'•
Wylie Independent School District
The Wylie Independent School District (District), white generally providing services within the boundary of the ..,
City, has a separate elected board that approves budgets and oversees management of the District. The District
has authority to levy its own tax revenue.
B. Basis of Presentation - Fund Accounting
The City uses funds and account groups to report on its financial position and the results of its operations.
Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating
transactions related to certain government functions or activities.
A fund is a separate accounting entity with a self-balancing set of accounts. An account group, on the other
hand, is a financial reporting device designed to provide accountability for certain assets and liabilities that
are not recorded in the funds because they do not directly affect net expendable available financial resources.
Funds are classified into three categories: governmental, proprietary and fiduciary. Each category, in turn, ..
is divided into separate "fund types."
24 �,,,
CITY OF WYLIE, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1991
GOVERNMENTAL FUND TYPES
Governmental Funds are those through which most governmental functions of the City are financed. The
acquisition, use, and balances of the City's expendable financial resources and the related liabilities (except
those accounted for in the proprietary fund types and fiduciary fund types) are accounted for through
governmental funds. The measurement focus is upon determination of changes in financial position, rather than
upon net income determination.
The following are the City's governmental funds:
General Fund - The General Fund is the general operating fund of the City. It is used to account for all
financial resources except those required to be accounted for an another fund.
Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of specific revenue sources
(other than expendable trusts or for major capital projects) that are legally restricted to expenditure for
specified purposes.
Debt Service Fund - A Debt Service Fund is used to account for the accumulation of resources for, and the
payment of, general long-term debt principal, interest and related costs.
Capital Project Funds - Capital Project Funds are used to account for financial resources to be used for the
acquisition or construction of major capital facilities (other than those financed by its Proprietary Fund
types). Financing is provided primarily by the sate of general obligation bonds.
PROPRIETARY FUND TYPES
Enterprise Funds - Enterprise Funds are used to account for operations (a) that are financed and operated in a
manner similar to private business enterprises - where the intent of the governing body is that the costs
(expenses including depreciation) of providing goods or services to the general public on a continuing basis be
financed or recovered primarily through user charges; or (b) where the governing body has decided that periodic
determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance,
public policy, management control, accountability, or other purposes.
Proprietary Funds are accounted for on a cost of services or "capital maintenance" measurement focus. This
•- means that all assets and all liabilities (whether current or noncurrent) associated with its activity are
included on its balance sheets. Its reported fund equity (net total assets) is segregated into contributed
capital and retained earnings components. Proprietary fund types operating statements present increases
(revenues) and decreases (expenses) in net total assets.
FIDUCIARY FUND TYPES
Trust and Agency Funds - Fiduciary funds are used to account for assets held by the City in a trustee capacity
or as an agent. Agency funds are custodial in nature and do not involve measurement of result of operations.
The City's expendable trust funds are accounted for and reported in a manner similar to governmental funds,
i.e., the measurement focus is upon determination of changes in financial position, rather than upon net income
determination.
ACCOUNT GROUPS
Account groups are used to establish accounting control and accountability for the City's general fixed assets
and general long-term debt. The following are the City's account groups:
General Fixed Assets Account Group - This account group is established to account for all fixed assets of the
City, other than those accounted for in the proprietary fund types. Public domain ("infrastructure") general
fixed assets consisting of certain improvements including roads, bridges, curbs and gutters, streets and
sidewalks, drainage systems, and lighting systems, are capitalized along with other fixed assets. All fixed
assets are valued at historical cost or estimated historical cost if actual historical is not available.
Donated fixed assets are valued at their estimated fair market value on the date donated.
General Long-Term Debt Account Group - This account group is established to account for all long-term debt of
the City except that accounted for in the proprietary fund types.
C. Basis of Accounting
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. All
governmental funds and expendable trust funds are accounted for using a current financial resources measurement
focus. With this measurement focus, only current assets and current liabilities generally are included on the
balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing
sources) and decreases (i.e., expenditures and other financing uses) in net current assets.
25
CITY OF WYLIE, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1991
Proprietary funds are accounted for on a flow of economic resources measurement focus. With this measurement
focus, all assets and all liabilities associated with the operation of these funds are included on the balance
sheet. Fund equity (i.e., net total assets) is segregated into contributed capital and retained earnings
components. Proprietary fund-type operating statements present increases (e.g., revenues) and decreases (e.g., ...
expenses) in net total assets.
The modified accrual basis of accounting is used by all governmental fund types, expendable trust funds and
agency funds. Under the modified accrual basis of accounting, revenues are recognized when susceptible to
accrual (i.e., when they become both measurable and available). "Measurable" means the amount of the
transaction can be determined and "available" means collectible within the current period or soon enough
thereafter to be used to pay liabilities of the current period. The City considers property taxes as available
if they are collected within 60 days after year end. Expenditures are recorded when the related fund liability
is incurred. Principal and interest on general long-term debt are recorded as fund liabilities when due or when
amounts have been accumulated in the debt service fund for payments to be made early in the following year.
Those revenues susceptible to accrual are property taxes and interest revenue. Sales taxes collected and held
by the state at year end on behalf of the City also are recognized as revenue. Franchise taxes, ambulance ...
service, fines and permits, and miscellaneous revenues are not susceptible to accrual because generally they are
not measurable until received in cash.
The accrual basis of accounting is utilized by proprietary fund types. Under this method, revenues are recorded
when earned and expenses are recorded at the time liabilities are incurred.
The City reports deferred revenue on its combined balance sheet. Deferred revenues arise when a potential
revenue does not meet both "measurable" and "available" criteria for recognition in the current period.
Deferred revenues also arise when resources are received by the City before it has a legal claim to them, as �-
when grant monies are received prior to the incurrence of qualifying expenditures. In subsequent periods, when
both revenue recognition criteria are met, or when the City has a legal claim to the resources, the liability
for deferred revenue is removed from the combined balance sheet and revenue is recognized.
D. Budgetary Data
Budgets are adopted on a basis consistent with generally accepted accounting principles. Annual appropriated
budgets are adopted for the general fund, the debt service fund, and two capital project funds. All annual
appropriations lapse at fiscal year end. ..
The City council approves, by ordinance, total budget appropriations only. The City manager is authorized to
transfer budget amounts between line items within any department. However, any revisions altering the total
appropriations of any fund or department must be approved by the City Council after appropriate public notice �.
and public participation. Management exercises control over budgeted expenditures by fund and department.
Encumbrances represent commitments related to unperformed contracts for goods or services. Encumbrance
accounting - under which purchase orders, contracts and other commitments for the expenditure of resources are
recorded to reserve that portion of the applicable appropriation - is utilized in the governmental funds.
Encumbrances outstanding at year end are reported as reservations of fund balances and do not constitute
expenditures or liabilities because the commitments will be reappropriated during the subsequent year.
E. Comparative Data ..
Comparative data for the prior year have been presented in the accompanying financial statements in order to
provide an understanding of changes in the City's financial position and operations. However, complete
comparative data have not been presented in all statements because their inclusion would make certain statements w,
unduly complex and difficult to understand.
F. Memorandum Only - Total Columns
Total columns on the general purpose financial statements are captioned "Memorandum Only" to indicate they are
presented only to facilitate financial analysis. Data in these columns do not present financial position,
results of operations, or changes in financial position in conformity with generally accepted accounting
principles. Neither are such data comparable to a consolidation. Interfund eliminations have not been made in
the aggregation of this data.
G. Reclassifications
Certain amounts reported in 1990 have been reclassified to conform with the 1991 presentation.
26
CITY OF WYLIE, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1991
H. Cash and Cash Equivalents
Cash and cash equivalents consist of demand deposits and time deposits having a maturity of three months or less
when the time deposit is made.
I. Investments
State statutes authorize the city to invest in (1) obligations of the United States or its agencies and
instrumentalities; (2) direct obligations of the State of Texas or its agencies; (3) other obligations, the
principal of and interest on which are unconditionally guaranteed or insured by the State of Texas or the United
States; (4) obligations of states, agencies, counties, cities, and other political subdivisions of any state
having been rated as to investment quality by a nationally recognized investment rating firm and having received
a rating of not less than A or its equivalent; (5) certificates of deposit by state and national banks domiciled
in this state that are (A) guaranteed or insured by the Federal Deposit Insurance Corporation, or its successor;
or, (B) secured by obligations that are described by (1) - (4); or, (6) fully collateralized direct repurchase
agreements having a defined termination date, secured by obligations described by (1), pledged with a third
party selected or approved by the city, and placed through a primary government securities dealer.
Investments are stated at cost or amortized cost, except for investments in the deferred compensation agency
fund, which are reported at market value.
J. Taxes and Accounts Receivable (net of allowances)
Taxes receivable represent uncollected property taxes and sales taxes receivable from a third party. The
allowance for uncollectible property tax is determined as the amount of delinquent personal property tax ascollection is not assured. Deferred revenue is delinquent real property tax less amounts received by the city
within 60 days of year-end.
Accounts receivable are amounts due for ambulance service and billed and unbilled utility services. The
allowance is determined based on the age of the ambulance receivables or by closed and unpaid utility accounts.
K. Short-term Interfund Receivables/Payables
During the course of operations, numerous transactions occur between funds for goods provided or services
rendered. These receivables and payables are classified as "due from other funds" or "due to other funds" on
the balance sheet.
L. Inventory
Inventory is valued at cost, which approximates market, using the first-in/first-out (FIFO) method. The costs
of governmental fund-type inventories are recorded as expenditures when consumed rather than when purchased.
M. Restricted Assets
Certain proceeds of enterprise fund revenue bonds, as well as certain resources set aside for their repayment,
are classified as restricted assets on the balance sheet because their use is limited by applicable bond
covenants.
N. Fixed Assets/Accumulated Depreciation
General fixed assets are not capitalized in the funds used to acquire or construct them. Instead, capital
acquisition and construction are reflected as expenditures in governmental funds, and the related assets are
reported in the general fixed assets account group. All purchased fixed assets are valued at cost where
historical records are available and at estimated historical cost where no historical records exist. Donated
fixed assets are valued at their estimated fair market value on the date received.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend asset
lives are not capitalized. Improvements are capitalized and depreciated over the remaining useful lives of the
related fixed assets, as applicable.
..., Public domain ("infrastructure") general fixed assets consisting of roads, bridges, curbs and gutters, streets
and sidewalks, drainage systems and lighting systems are not capitalized, as these assets are immovable and of
value only to the city.
Assets in the general fixed assets account group are not depreciated. Depreciation of buildings, equipment and
vehicles in the proprietary fund types is computed using the straight-line method. Depreciation of contributed
assets is closed to contributed capital.
.. 27
CITY OF WYLIE, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1991
0. Long-term Obligations
Long-term debt is recognized as a liability of a governmental fund when due, or when resources have been
accumulated in the debt service fund for payment early in the following year. For other long-term obligations,
only that portion expected to be financed from expendable available financial resources is reported as a fund
liability of a governmental fund. The remaining portion of such obligations is reported in the general long-
term debt account group. Long-term liabilities expected to be financed from proprietary fund operations are
accounted for in those funds.
P. Fund Equity
Contributed capital is recorded in proprietary funds that have received capital grants or contributions from
developers, customers or other funds. Reserves represent those portions of fund equity not appropriable for
expenditure or legally segregated for a specific future use. Designated fund balances represent tentative plans
for future use of financial resources.
Q. Interfund Transactions
Quasi-external transactions are accounted for as revenues, expenditures or expenses. Transactions that
constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly
applicable to another fund, are recorded as expenditures/expenses in the reimbursing fund and as reductions of
expenditures/expenses in the fund that is reimbursed. ...
All other interfund transactions, except quasi-external transactions and reimbursements, are reported as
transfers. Nonrecurring or nonroutine permanent transfers of equity are reported as residual equity transfers.
All other interfund transfers are reported as operating transfers. �+
R. Compensated Absences
Vested or accumulated vacation leave that is expected to be Liquidated with expendable available resources is
reported as an expenditure and a fund liability of the governmental fund that will pay it. Amounts of vested or
accumulated vacation leave that are not expected to be liquidated with expendable available financial resources
are reported in the general long-term debt account group. No expenditure is recorded for these amounts. Vested
or accumulated vacation leave of proprietary funds is recorded as an expense and liability of those funds as the
benefits accrue to employees. In accordance with the provisions of Statement of Financial Accounting Standards
No. 43, Accounting for Compensated Absences, no liability is recorded for nonvesting accumulating rights to
receive sick pay benefits. However, a liability is recognized for that portion of accumulating sick leave
benefits that is estimated will be taken as "terminal leave" prior to retirement.
2 - LEGAL COMPLIANCE - BUDGETS
The City follows these procedures in establishing budgetary data reflected in the financial statements:
A. On or before June 15 of each year, all agencies of the City submit requests for appropriation to the City
Manager so that a budget may be prepared. The budget is prepared by fund, function, and department, and
includes information on the past year, current year estimates, and requested appropriations for the next fiscal
year.
B. Prior to August 1, the City Manager submits to the City Council a proposed operating budget for the fiscal year
commencing October 1. The operating budget includes proposed expenditures and the means of financing them.
C. Public hearings are conducted to obtain taxpayer comments.
D. Prior to September 15, the budget is legally enacted through passage of an ordinance.
E. The City Manager is authorized to transfer budgeted amounts between line items within departments; however, any
revisions that alter the expenditures of any department or the total expenditures of any fund must be approved MIN
by the City Council; therefore, total expenditures may not exceed appropriations at the department level.
During the year, the City Council authorized several supplemental amendments to the annual budget. The were no
outstanding encumbrances as year end. +�
3 - CASH AND CASH EQUIVALENTS
At September 30, 1991, the City had petty cash of $750, cash of $1,237,600 (including restricted cash of $50,551), and
cash equivalents of $1,109,362. The bank balance of cash was $1,484,503. Of the bank balance, $300,000 was covered by
federal depository insurance and collateral (par value of $1,591,673 and market value of $1,525,097) held by the City
depository's trust department in the City's name. Cash equivalents consisting of short term federal securities (face
value of $1,115,000 and market value of $1,109,358) were held by the City's broker/dealer in the City's name.
28 ..
CITY OF WYLIE, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1991
4 - RECEIVABLES
„„w Receivables and allowances for uncollectibility for the various fund types are as follows:
Special Debt Capital
General Revenue Service Projects Enterprise Total
Taxes receivable $ 201,066 $ - $ 102,659 $ - $ - $ 303,725
Less: allowance (60,320) - (32,498) - - (92,818)
--- Net $ 140,746 $ - $ 70,161 $ - $ - $ 210,907
Accounts receivable $ 43,788 $ 10,877 $ - $ - $ 286,208 $ 340,873
Less: allowance - - - -
(17,002) (17,002)
Net $ 43,788 $ 10,877 $ - $ - $ 269,206 $ 323,871
"- Assessments receivable $ - $ - $ - $ 109,755 $ - $ 109,755
Less: allowance - - - (56,378) - (56,378)
Net $ - $ - $ - $ 53,377 $ - $ 53,377
Intergovernmental receivable $ - $ - $ - $ - $ 27,343 $ 27,343
5 - INTERFUND RECEIVABLE/PAYABLE
Interfund Interfund
Fund Receivable Payable
* GENERAL FUND
General Obligation I & S $ 115,531 $ -
Utility 14,267 -
Sanitation Operating 5,673 -
- State Court - 68
Municipal Appearance - 330
GENERAL OBLIGATION I & S FUND
Utility 12,891 -
General - 115,531
STREET IMPROVEMENT FUND
Utility 20,000 -
LANDFILL CLOSURE FUND
Utility 331,292 -
„- UTILITY FUND
General - 14,267
Street Improvement - 20,000
General Obligation I & S - 12,891
Landfill Closure - 331,292
--
SANITATION OPERATING FUND
General - 5,673
--. STATE COURT FUND
General 68 -
MUNICIPAL APPEARANCE FUND
General 330 -
$ 500,052 $ 500,052
-... 29
.gym
CITY OF WYLIE, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1991 „„
6 - FIXED ASSETS AND DEPRECIATION
The following is a summary of changes in the general fixed assets account Group during the year:
Balance Balance
9/30/90 Additions Retirements 9/30/91
Land $ 655,266 $ - $ - $ 655,266
Buildings 2,076,719 - - 2,076,719 �^
Improvements 3,844,904 - - 3,844,904
Machinery and equipment 1,896,211 158,388 - 2,054,599
Total $ 8,473,100, $ 158.,388 $ - $ 8,631L488
The following is a summary of enterprise fund property and depreciation:
Land $ 11,600
Buildings 19,124
Waterworks system 2,407,263
Sewer system 7,743,847
Vehicles 38,519
Equipment 208,493 ...
5,428,846
Less: accumulated depreciation (2,854,156)
Fixed assets (net) $ 7,574,690
AMIN
The following estimated useful lives are used to compute depreciation:
Waterworks and sewer systems 20 Years
Equipment 5-10 Years
7 - ACCRUED EXPENDITURES/EXPENSES
Accrued expenditures consist of accrued salaries and related expenses at year end.
8 - LIABILITIES PAYABLE FROM RESTRICTED ASSETS
Liabilities payable from restricted assets consist primarily of accrued interest payable on revenue bonds, amounts of
tong-term debt payable within one year, and customer utility deposits.
9 - LONG-TERM DEBT
OMR
A. General Long-term Debt
The City periodically issues general obligation bonds and certificates of obligation. Tax revenue from yearly ad
valorem tax assessments is pledged as security. Detailed information on outstanding general obligations follows:
9/30/91
Date of Interest Principal
Issue Rate Balance
awe
$400,000 Public Property Finance Contract
Obligations - Series 1988 3/15/88 6.25 - 7.25% $ 185,000
$1,800,000 General Obligation Bonds -
Series 1986 8/15/86 7.25 - 10.25% 1,615,000
$130,000 Park Improvement Certificates of
Obligation - Series 1980 7/15/80 7.75 - 8.50% 15,000
$1,500,000 out of $3,500,000 Tax and
Waterworks & Sewer System Limited Pledge
Revenue Certificates of Obligation -
Series 1990 (57.14% allocated
to Utility enterprise fund) 2/15/90 6.60 - 9.50% 1,467,855
One
30 �+
CITY OF WYLIE, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1991
$1,275,000 Waterworks & Sewer System
Limited Pledge Revenue Certificates of
Obligation - Series 1988 (payable from receipts of
ad valorem taxes) 5/15/88 7.80 - 10.75% 1,215,000
Total $ 41497�855
The requirements to amortize general tong-term debt outstanding as of September 30, 1991 are summarized below:
September 30, Principal Interest Total
1992 $ 227,145 $ 346,779 $ 573,924
1993 232,860 325,691 558,551
1994 147,860 307,738 455,598
1995 162,860 291,922 454,782
1996 178,575 275,161 453,736
Thereafter 3,545,555 1,830,664 5,376,219
Total $ 4,497,855 $ 3,377,955 $ 7,875,810
B. Utility Enterprise Debt
The City's water and sewer system is financed through the issuance of revenue bonds. Gross revenues of the Utility
Fund, after deduction of reasonable expenses of operation and maintenance, are pledged to such funds in amounts
equal to the total annual principal and interest requirements of the obligations and the amounts required to
m., maintain reserve and emergency funds. A detailed summary of the Utility Fund obligations follows:
9/30/90
Date of Interest Principal
Issue Rate Balance
$300,000 Waterworks & Sewer System Revenue
Bonds - Series 1971 3/1/71 4.50 - 6.625% $ 125,000
$400,000 Waterworks & Sewer System Revenue
Bonds - Series 1980 3/1/80 8.50 - 9.00% 390,000
$160,000 Waterworks & Sewer System Revenue
Bonds - Series 1986 7/1/86 8.40% 140,000
655,000
Current portion of revenue bonds 25,000
630,000
$200,000 Tax and Waterworks & Sewer System
Subordinate Lien Certificates of Obligation -
Series 1989 6/15/89 7.45 - 7.65% 170,000
�.. $2,000,000 out of $3,500,000 Tax and
Waterworks & Sewer System Limited Pledge
Revenue Certificates of Obligation -
Series 1990 (42.86% allocated
to General Long-term Debt) 2/15/90 6.60 - 9.50% 1,957,145
2,127,145
Current portion of certificates of obligation 57,855
2,069,290
Total long-term revenue bonds and certificates of obligation $ 2,699,290
31
CITY OF WYLIE, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1991
The requirements to amortize utility enterprise long-term debt outstanding as of September 30, 1991 are summarized
below:
September 30, Principal Interest Total *�
1992 $ 82,855 $ 210,449 $ 293,304
1993 107,140 202,650 309,790
1994 107,140 193,656 300,796
1995 107,140 184,641 291,781
1996 126,425 174,928 301,353
Thereafter 2,251,445 1,201,271 3,452.716
Total $ 2,782,145 $ 2,167,595 $ 4,949,740
C. Obligations Under Capital Lease
Obligations under capital lease are comprised of leases whose terms provide for bargain purchase options at the end ..
of the lease period. The obligations are recorded in the general long-term debt group of accounts where the source
of payments is the general fund, and in the enterprise fund type where the source of payment is the utility fund.
General Long-term Debt Group of Accounts
$9,293 due in monthly instalments of $222 including interest accruing at 7.00%, maturing in
October, 1994 and secured by a copier acquired in 1990 for $9,293. $ 7,649
Future minimum lease payments are as follows: ..
Year Ended
September 30,
1992 $ 2,669
1993 2,669
1994 2,669
1995 222
8,229
Less: Amount representing
interest 580
Principal portion $ 7,649 +�
Utility Fund
$199,600 due in monthly instalments of $3,410 including interest accruing at 11.25%, ..
maturing in February 1992 and secured by machinery and equipment with a net book
value of $48,357. 16,582
$170,000 due in instalments equaling $12,062 annually including interest accruing at 5.00%,
maturing in 1996 and secured by sewer system additions with a net book value of $8,500. 52,222
$2,000,000 due in instalments equaling $200,925 annually including interest accruing at 7.51%,
maturing in 2006 and secured by sewer system additions with a net book value of $1,700,000. 1,772,818
$ 1,841,622
32 ,,,,
CITY OF WYLIE, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1991
Future minimum tease payments are as follows:
Year Ended
September 30,
1992 $ 216,397
1993 216,397
1994 216,397
1995 216,397
1996 216,397
Thereafter 2,009,252
3,091,237
Less: Amount representing
interest 1,249,615
Principal portion 1,841,622
Less: current portion (93,872)
Long-term portion $ 1,747,750
D. Changes in General Long-term Debt
During the year, the following changes in general long-term debt occurred:
Balance Balance
9/30/90 Additions Retirements 9/30/91
General obligation debt $ 1,665,000 $ - $ 50,000 $ 1,615,000
Certificates of obligation 3,120,378 187,145 2,882,855
Obligations under capital lease - 9,293 1,644 7,649
Accrued compensated absences 25,189 12,347 - 37,536
Total general long-term debt $ 4,76® 21,$ 640 $ 23® $ 4,54
msegeldmoma
10 — CONTINGENT LIABILITIES
The City is defendant in a lawsuit pending appeal by the plaintiff. The City is also subject to an asserted claim on
which no action has yet been taken. Although the outcome of these matters is not presently determinable, in the opinion
of the City's attorney, their resolution will not have a material adverse effect on the financial condition of the City.
11 - DEFERRED COMPENSATION PLAN
The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457.
The plan, available to all government employees, permits them to defer a portion of their salary until future years.
Participation in the plan is optional. The deferred compensation is not available to employees until termination,
retirement, death or unforseeable emergency. All amounts of compensation deferred under the plan, all property and
rights purchased with those amounts, and all income attributable to those amounts, property or rights (until paid or
made available to the employee or other beneficiary) are solely the property and rights of the City subject only to the
claims of the City's general creditors. Participants' rights under the plan are equal to the fair market value of the
deferred account for each participant.
It is the opinion of the City's legal counsel that the City has no liability for losses under the plan but does have the
`""" duty of due care that would be required of an ordinary prudent investor. The City believes that it is unlikely that it
will use the assets to satisfy the claims of general creditors in the future.
Investments are managed by the plan's trustee under one of seven investment options, or a combination thereof. The
.aa choice of investment option(s) is made by the participants.
12 - EMPLOYEES' RETIREMENT SYSTEM
�., Plan Description - the City provides pension benefits for all of its full-time employees through a nontraditional, joint
contributory, defined contribution plan in the state-wide Texas Municipal Retirement System (TMRS), one of over 570
administered by TMRS, an agent multiple-employer public employee retirement system. It is the opinion of the TMRS
management that the plans in TMRS are substantially defined contribution plans, but they have elected to provide
additional voluntary disclosure to help foster a better understanding of some of the nontraditional characteristics of
the plan.
Benefits depend upon the sum of the employee's contributions to the plan, with interest, and the City-financed monetary
credits, with interest. At the date the plan began, the City granted monetary credits for service rendered before the
plan began of a theoretical amount equal to two times what would have been contributed by the employee, with interest,
prior to establishment of the plan. Monetary credits for service since the plan began are a percent (1000) of the
33
CITY OF WYLIE, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1991
employee's accumulated contributions. In addition, the City can grant as often as annually another type of monetary
credit referred to as an updated service credit, which is a theoretical amount that, when added to the employee's
accumulated contributions and the monetary credits for service since the plan began, would be the total monetary credits
and employee contributions accumulated with interest if the current employee contribution rate and City matching percent
had always been in existence and if the employee's salary had always been the average of his salary in the last three
years that are one year before the effective date. At retirement, the benefit is calculated as if the sum of the
employee's accumulated contributions with interest and the employer-financed monetary credits with interest were used to
purchase an annuity.
Members can retire at ages 60 and above with 10 or more years of service or with 25 years of service regardless of age.
The plan also provides death and disability benefits. A member is vested after 10 years, but he must leave his
accumulated contributions in the plan. If a member withdraws his own money, he is not entitled to the employer-financed
monetary credits, even if he was vested The plan provisions are adopted by the governing body of the City, within the "'
options available in the state statutes governing TMRS and within the actuarial constraints also in the statutes.
Contributions - The contribution rate for the employees is 5%, and the City matching percent is currently 200% both as
adopted by the governing body of the City. Under the state law governing TMRS, the City contribution rate is annually ...
determined by the actuary. This rate consists of the normal cost contribution rate and the prior service contribution
rate, both of which are calculated to be a level percent of payroll from year to year. The normal cost contribution
rate finances the currently accruing monetary credits due to the City matching percent, which are the obligation of the
City as of an employee's retirement date, not at the time the employee's contributions are made. The normal cost
contribution rate is the actuarially determined percent of payroll necessary to satisfy the obligation of the City to am
each employee at the time his retirement becomes effective. The prior service contribution rate amortizes the unfunded
actuarial liability over the remainder of the plan's 25-year amortization period. When the city periodically adopts
updated service credits and increases in annuities in effect, the increased unfunded actuarial liability is to be
amortized over a new 25-year period. Currently, the unfunded actuarial liability is being amortized over the 25-year
period which began January, 1991. The unit credit actuarial cost method is used for determining the City contribution
rate. Contributions are made monthly by both the employees and the City. Since the City needs to know its contribution
rate in advance to budget for it, there is a one-year lag between the actuarial valuation that is the basis for the rate
and the calendar year when the rate goes into effect.
The City's total payroll in fiscal year 1991 was $1,729,191, and the City's contributions were based on a covered
payroll of $1,695,732. Both the City and the covered employees made the required contributions, amounting to $63,295
(3.28% of covered payroll for the months in calendar year 1990, 2.76% normal cost plus 0.52% to amortize the unfunded
actuarial liability, and 3.39% for the months in calendar year 1991, 3.02% normal cost plus 0.37% to amortize the
unfunded actuarial liability) for the City and $84,787 (5%) for the employees. There were no related-party
transactions.
Funding Status and Progress - Even though the substance of the City's plan is not to provide a defined benefit in some •�
form, some additional voluntary is appropriate due to the nontraditional nature of the defined contribution plan which
had an initial unfunded pension benefit obligation due to the monetary credits granted by the City for services rendered
before the plan began and which can have additions to the unfunded pension benefit obligation through the periodic
adoption of increases in benefit credits and benefits. Statement No. 5 Governmental Accounting Standards Board (GASB 5)
defines pension benefit obligation as a standardized disclosure measure of the actuarial present value of pension ,..
benefits, adjusted for the effects of projected salary increases, estimated to be payable in the future as a result of
employee service to date. The measure is intended to help users assess the funding status of public employee pension
plans, assess progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among
public employee pension plans.
The pension benefit obligation shown below is similar in nature to the standardized disclosure measure required by GASB
5 for defined benefit plans except that there is no need to project salary increases since the benefit credits earned
for service to date are not dependent upon future salaries. The calculations were made as part of the annual actuarial
valuation as of December 31, 1990. Because of the money-purchase nature of the plan, the interest rate assumption,
currently 8.5% per year, does not have as much impact on the results as it does for a defined benefit plan. Market
value of assets is not determined for each city's plan, but the market value of assets for TMRS as a whole was 106.2% of
book value as of December 31, 1990.
34 ,,,,
CITY OF WYLIE, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1991
Pension Benefit Obligation
Annuitants currently receiving benefits $ 111,525
Terminated employees 191,304
Current employees
Accumulated employee contributions including
allocated invested earnings 190,320
Employer-financed vested 89
Employer-financed nonvested 138,761
Total 631,999
Net Assets Available for Benefits, at Book Value 557,200
Unfunded Pension Benefit Obligation $ 74 799)
The book value of assets is amortized cost for bonds and original cost for short-term securities and stocks. The
actuarial assumptions used to compute the actuarially determined City contribution rate are the same as those used to
compute the pension benefit obligation.
Analysis of Funding Progress - Ten year trend information is not available from TMRS; three year (calendar year basis)
historical trend information is as follows:
1990 1989 1988
Net assets available for benefits $ 557,200 $ 457,268 $ 356,549
Pension benefit obligation $ 631,999 $ 512,293 $ 392,787
Percentage funded 88.2% 89.3% 90.8%
Unfunded (assets in excess of) pension benefit obligation (UPBO) $ 74,799 $ 55,025 $ 36,238
Annual covered payroll $ 1,339,797 $ 1,354,631 $ 1,261,000
UPBO divided by payroll 5.6% 4.1% 2.9%
City contribution to TMRS $ 46,089 $ 46,236 $ 39,329
Average City rate 3.4% 3.4% 3.1%
-- 13 - NORTH TEXAS MUNICIPAL WATER DISTRICT
North Texas Municipal Water District (District) is a conservation and reclamation district and political subdivision of
the State of Texas, created and functioning under Chapter 62, Acts of 1951, 52nd Legislature, Regular Session, as
amended, originally compiled as Vernon's Article 8270-141 (the 'Act'), pursuant to Article 16, Section 59 of the Texas
Constitution. The District comprises all of the territory of its member cities, viz., Garland, Princeton, Plano,
Mesquite, Wylie, Rockwall, Farmersville, McKinney, Richardson, Forney and Royse City (the "Member Cities"). The
District was created for the purpose of providing a source of water supply for municipal, domestic and industrial use
and for the treatment, processing and transportation of such water to its Member Cities and to its other customers
located in North Central Texas, all within the Dallas Standard Metropolitan Statistical Area.
Under the Act, including specifically Section 27 thereof, and under the Constitution and Statutes of the State of Texas,
the District has broad powers to (1) impound, control, store, preserve, treat, transmit and use storm and flood water,
the water of rivers and streams and underground water, for irrigation, power and all other useful purposes and to supply
water for municipal, domestic, power, industrial and commercial uses and purposes and all other beneficial uses and
purposes; and (2) collect, transport, process, treat, dispose of and control all municipal, domestic, industrial or
commercial waste whether in fluid, solid or composite state, including specifically the control, abatement or reduction
... of all types of pollution. The City retains no ongoing financial interest, equity investments and/or responsibilities
for the District, other than the contractual arrangements discussed more fully herein.
The District has long-term contracts with the City to supply treated water and sewer treatment. The City's water
contract with the District provides that the City pay a predetermined annual amount for treated water in twelve monthly
instalments. The amount of this annual payment is based upon an annually established rate per thousand gallons and the
largest annual amount of water consumption of past years. The City owns one sewage treatment facility. In 1988, the
City entered into an agreement with the District for the construction of a second facility. Under the terms of this
agreement, the District would issue its own bonds in the amount of $2,000,000, bearing interest at rates of
".. approximately 7.5%, with the final payment due in 2006, to construct and operate this sewage disposal plant for the
City. Under the terms of the contract, the City's payments, which began when the facilities were first utilized, are
equal to the operating and maintenance expenses for the next ensuing fiscal year, as shown in the District's annual
budget for the sewage treatment facility. The contract further provides the debt service payments will be equal to the
principal and/or interest coming due on the bonds on the next succeeding interest payment date, plus the fees and
charges of the paying agent and the registrar.
These contractual obligations have been included in capital lease obligations in amounts approximating the amounts of
the bonds outstanding under the related agreements. The related sewage treatment facilities are being depreciated over
.,, the estimated life of the facilities.
35
CITY OF WYLIE, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1991
14 - RISK MANAGEMENT
The City is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors
and omissions; injuries to employees; employee health benefits; and other claims of various nature. The City purchases -.
commercial insurance to indemnify it in event of loss.
15 - PROPERTY TAX
The City's property tax is levied each October 1, on the assessed value listed as of the prior January 1, for all real
and certain personal property located in the City. The appraisal of property within the City is the responsibility of
Collin County Central Appraisal District (District) as required by legislation passed by the Texas Legislature. The
District is required under such legislation to assess all property within the District on the basis of 100% of its
appraised value and is prohibited from applying any assessment ratios. The assessed value upon which the fiscal 1991
levy was based was approximately $333,109,050. The value of property within the District must be reviewed every five
years; however, the City may, at its own expense, require annual reviews of appraised values. The City may challenge
appraised values established by the District through various appeals and, if necessary, legal action. a„
General property taxes are limited by the Texas Constitution to $2.50 per $100 of assessed valuation. The combined tax
rate to finance general governmental service and debt service for the year ended September 30, 1991 was $.61500 per $100
of assessed valuation.
Property taxes attach as an enforceable lien on property as of January 1, following the levy date. Taxes are due by
January 31, following the levy date.
Property taxes are recorded as receivables, net of estimated uncollectibles when levied. ...
16 - SEGMENT INFORMATION - ENTERPRISE FUNDS
The City maintains two enterprise funds which are intended to be self-supporting through fees charged for services to
the public. Financial segment information as of and for the year ended September 30, 1991 is presented below:
Utility Sanitation Total
Operating revenues $ 2,069,812 $ 367,688 $ 2,437,500
Depreciation expense 505,171 - 505,171
Operating income 360,945 58,251 419,196
Operating interfund transfers in 206,488 472 206,960
Operating interfund transfers out (516,460) (60,000) (576,460)
Net income (256,364) (261) (256,625)
Current capital contributions 47,215 - 47,215
Property, plant and equipment additions 452,349 728 453,077
Net working capital 208,162 (4,352) 203,810
Total assets 8,617,008 31,480 8,648,488
Revenue bonds payable 655,000 - 655,000
Obligations under capital lease 1,841,622 - 1,841,622
Certificates of obligation 2,127,145 - 2,127,145
Total equity 3,407,825 (3,624) 3,404,201
17 - CONTRIBUTED CAPITAL
During the year, contributed capital increased by the following amount:
Utility Fund
Contributed capital -
beginning of year $ 2,967,048
Adjustment for cumulative receipt of
developers' fees and charges for
depreciation of related improvements 815,090
Contributed capital -
beginning of year (restated) 3,782,138
Developer impact fees 47,215
Depreciation (94,472)
Contributed capital - end of year $ 3,734,881
36
CITY OF WYLIE, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1991
18 - EXPENDITURES IN EXCESS OF APPROPRIATIONS
For the year ended September 30, 1991, expenditures exceeded appropriations for the following fund:
General Fund $ (107,107)
19 - RETAINED EARNINGS (DEFICITS)
'""" The utility fund and sanitation fund have retained deficits of $(327,056) and $(3,624) respectively. The utility fund
deficit is due primarily to a restatement of contributed capital and retained earnings. Previously, impact fees had
been recorded as revenues rather than as contributed capital from developers. Management intends to restore retained
earnings over time through net income from operations.
20 - FUND BALANCE RESERVATIONS
A portion of fund balance in the general fund has been reserved for future projects.
... 21 - COMMITMENTS
Under an agreement with the State of Texas, the City is the process of awarding contracts for the closure of its
landfill. Management estimates the total remaining cost (to be financed by capital project funds) will not exceed
$300,000.
22 - RESTATEMENT OF PRIOR YEARS FINANCIAL STATEMENTS
„,-, The following reflects corrections of prior years' financial statements:
As Originally Reclassify As
Stated Correction Fund Type Restated
GENERAL FUND
Assets $ 725,841 $ (49,540) $ (97) $ 676,204
-- Liabilities 335,416 (65,266) - 270,150
Fund balance- September 30, 1990 $ 390,425 $ 15,726 $ (97) $ 406,054
SPECIAL REVENUE FUNDS
Assets $ 39,092 $ - $ 12,055 $ 51,147
Liabilities 5,060 - - 5,060
Fund balance - September 30, 1990 $ 34,032 $ - $ 12,054 $ 46,087
... DEBT SERVICE REVENUE FUND
Assets $ 7,050 $ 71,265 $ - $ 78,315
Liabilities - 67,165 - 67,165
Fund balance - September 30, 1990 $ 7,050 $ 4,100 $ - $ 11,150
CAPITAL PROJECTS FUNDS
Assets $ 2,023,479 $ - $ (12,964) $ 2,010,515
Liabilities 22,345 56,377 - 78,722
- Fund balance - September 30, 1990 $ 2,001,134 $ (56,377) $ (12,964) $ 1,931,793
37
CITY OF WYLIE, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1991
PROPRIETARY FUND TYPES
Utility Enterprise Fund
Assets $ 7,216,115 $ 1,802,957 $ - $ 9,019,072 ..
Liabilities 3,507,881 1,894,219 - 5,402,100
Contributed capital 2,967,048 815,090 - 3,782,138
Retained deficit - September 30, 1990 $ 741,186 $ (906,352) $ - $ (165,166) ,,
Sanitation Operating fund
Assets $ 21,998 $ - $ - $ 21,998
Liabilities 24,967 393 - 25,360 a'
Retained deficit - September 30, 1990 $ (2,969) $ (393) $ - $ (3,362)
TRUST AND AGENCY FUNDS
Trust Fund
Assets $ - $ - $ 1,006 $ 1,006
MOP
Liabilities - - - -
Fund balance - September 30, 1990 $ - $ - $ 1,006 $ 1,006
Agency Funds
Assets $ 36,391 $ 100,666 $ - $ 137,057
Liabilities $ 36,391 $ 100,666 $ - $ 137,057
Corrections in the general fund were generally to correct the presentation of accounts related to property and sales tax
revenues. Corrections in the debt service fund were to correct the presentation of accounts related to property taxes.
WM
Corrections to the capital project fund were to correct the deferral of revenue from special assessments. Corrections
to the utility enterprise fund were due primarily to the recognition of a capitalized lease obligation and to
reclassifying developers' capital contributions. Corrections to the agency funds were related to recognition of the
fair market value of investments under the City's deferred compensation plan.
Reclassifying fund types occurred from a better understanding of the nature of several funds.
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38 ®,
GENERAL FUND
.— The General Fund is used to account for resources traditionally associated with government which are not required
legally or by sound financial management to be accounted for in another fund.
39
EXHIBIT A-1
CITY OF WYLIE, TEXAS 's
GENERAL FUND
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990
1991 1990
ASSETS
Cash and cash equivalents $ 95,717 $ 153,662 ...
Investments - 246,055
Taxes 140,746 139,577
Accounts
Due from other funds 135,471 48,401 ..
Inventories 13,562 20,788
TOTAL ASSETS $ 429,284 $ 676,204
.0
LIABILITIES AND FUND BALANCE ....
LIABILITIES
Accounts payable $ 34,779 $ 86,590
Accrued liabilities 82,746 51,281 ..
Due to other funds 398 732
Deferred revenue 121,705 131,547
TOTAL LIABILITIES 239,628 270,150
FUND BALANCE
Fund balance - reserved 35,000
Fund balance - unreserved 154,656 406,054 ..
TOTAL FUND BALANCE 189,656 406,054
TOTAL LIABILITIES AND FUND BALANCE $ 429,284 $ 676,204
The accompanying notes to financial statements are an integral part of this statement.
40
EXHIBIT A-2
CITY OF WYLIE, TEXAS
GENERAL FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
Year Ended September 30, 1991 and 1990
1991 1990
-. REVENUES
Ad valorem taxes $ 1,399,137 $ 1,299,502
Sales taxes 367,046 420,237
Franchise taxes 342,006 312,793
Licenses and permits 66,369 86,713
Intergovernmental revenues 88,580 58,233
Service fees 50,560 48,716
Court fees 115,006 193,745
Interest 23,185 38,883
• Assessments 1,971 578
Miscellaneous 36,936 39,878
TOTAL REVENUES 2,490,796 2,499,278
EXPENDITURES
Current Expenditures
General Government 907,523 867,166• Public safety 1,047,852 906,924
Urban development 197,291 179,509
Public works 632,298 388,189
Community services 180,665 112,747
• Total Current Expenditures 2,965,629 2,454,535
Capital Outlay
General Government 20,505 7,040
- Public safety 61,140 59,699
Urban development 1,414 10,005
Public works 32,286 14,734
Community services 2,566 4,936
- Total Capital Outlay 117,911 96,414
Debt Service
General Government 2,447 -
Debt service - 10,602
Total Debt Service 2,447 10,602
TOTAL EXPENDITURES 3,085,987 2,561,551
Excess (deficiency) of revenues over
expenditures (595,191) (62,273)
OTHER FINANCING SOURCES (USES)
Proceeds of Long-term Debt 9,293 -
Operating Transfers In 369,500 241,524
TOTAL OTHER FINANCING SOURCES (USES) 378,793 241,524
Excess (deficiency) of revenues over
expenditures and other sources (uses) (216,398) 179,251
Fund Balances at beginning of year 406,054 226,803
Fund Balances at end of year $ 189,656 $ 406,054
• The accompanying notes to financial statements are an integral part of this statement.
41
EXHIBIT A-3
CITY OF WYLIE, TEXAS
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE--BUDGET (GAAP BASIS) AND ACTUAL
Year Ended September 30, 1991 ....
With Comparative Actual Amounts for Year Ended September 30, 1990
1991
Variance-- 1990
favorable
Budget Actual (unfavorable) Actual
REVENUES
Ad valorem taxes $ 1,406,360 $ 1,399,137 $ (7,223) $ 1,299,502 •"
Sales taxes 360,960 367,046 6,086 420,237
Franchise taxes 342,310 342,006 (304) 312,793
Licenses and permits 65,130 66,369 1,239 86,713
Intergovernmental revenues 60,920 88,580 27,660 58,233 ..
Service fees 51,130 50,560 (570) 48,716
Court fees 95,395 115,006 19,611 193,745
Interest 21,110 23,185 2,075 38,883
Assessments 2,000 1,971 (29) 578
Miscellaneous 30,345 36,936 6,591 39,878 ..
TOTAL REVENUES 2,435,660 2,490,796 55,136 2,499,278
EXPENDITURES
Current Expenditures
General Government
City council 72,985 69,072 3,913 106,502
City manager 101,915 104,397 (2,482) 123,310
City secretary 98,993 101,597 (2,604) 68,279 "•.
City attorney 17,665 20,924 (3,259) -
Finance 277,160 287,513 (10,353) 250,905
Municipal court 45,740 48,600 (2,860) 57,139
Bldg. ser. - municipal complex 173,040 192,912 (19,872) 186,894
Bldg. services - library 19,380 23,709 (4,329) 19,085 `"
Bldg. services - fire 19,000 17,202 1,798 15,591
Bldg. services - public work 27,200 29,370 (2,170) 24,467
Bldg. services - park 11,000 12,227 (1,227) 13,771
Employee benefit expenditures - - - 1,168 ..
Community room expenditures - - - 55
Total General Government 864,078 907,523 (43,445) 867,166
Public safety +..
Police administration 80,850 81,616 (766) 70,733
Police patrol 517,975 510,717 7,258 476,201
Police investigation 38,680 46,456 (7,776) 48,745
Police communications 104,625 103,468 1,157 98,995 .".
Warrant officer 40,400 42,349 (1,949) 29,767
Fire 79,900 81,038 (1,138) 51,819
Emergency medical services 133,700 133,694 6 93,817
Animal control 47,810 48,514 (704) 36,847
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Total Public safety 1,043,940 1,047,852 (3,912) 906,924
Urban development
Code enforcement 105,410 111,084 (5,674) 104,998 ...
Planning/engineering 82,940 86,207 (3,267) 74,511
Total Urban development 188,350 197,291 (8,941) 179,509
Public works .-
Streets and drainage 558,678 593,539 (34,861) 356,000
Garage 38,255 38,759 (504) 32,189
Total Public works 596,933 632,298 (35,365) 388,189 ...
Community services
Library 68,790 70,176 (1,386) 60,917
Parks 105,895 110,489 (4,594) 51,830
Total Community services 174,685 180,665 (5,980) 112,747
Total Current Expenditures 2,867,986 2,965,629 (97,643) 2,454,535
The accompanying notes to financial statements are an integral part of this statement.
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42
EXHIBIT A-3 (Continued)
CITY OF WYLIE, TEXAS
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE--BUDGET (GAAP BASIS) AND ACTUAL
-- Year Ended September 30, 1991
With Comparative Actual Amounts for Year Ended September 30, 1990
1991
Variance-- 1990
--
favorable
Budget Actual (unfavorable) Actual
Capital Outlay
General Government
City council 5,015 5,001 14 550
City manager 1,500 1,350 150 1,367
City secretary 750 10,059 (9,309) -
Finance 840 835 5 1,565
Municipal court 660 655 5 610
Bldg. ser. - municipal complex 2,610 2,605 5 1,577
Bldg. services - fire - - - 1,371
Total General Government 11,375 20,505 (9,130) 7,040
Public safety 150 194
Police administration 150
Police patrol 50,315 50,079 236 42,992
.-
Police communications 190 500 (310) 7,440
Warrant officer 100 - 100 1,663
Fire 10,100 9,801 299 6,978
Animal control 980 760 220 432
.-
Total Public safety 61,835 61,140 695 59,699
Urban development
Code enforcement 1,250 1,414 (164) 9,809
Planning/engineering 200 - 200 196
Total Urban development 1,450 1,414 36 10,005
.- Public works
Streets and drainage 31,322 31,241 81 10,520
Garage 1,245 1,045 200 4,214
Total Public works 32,567 32,286 281 14,734
Community services
Library 480 1,917 (1,437) 798
Parks 740 649 91 4,138
Total Community services 1,220 2,566 (1,346) 4,936
Total Capital Outlay 108,447 117,911 (9,464) 96,414
"" Total Debt Service 2,447 2,447 - 10,602
TOTAL EXPENDITURES 2,978,880 3,085,987 (107,107) 2,561,551
Excess (deficiency) of revenues over
expenditures (543,220) (595,191) (51,971) (62,273)
OTHER FINANCING SOURCES (USES)
.-
Proceeds of capitalized lease - 9,293 9,293 -
Operating transfers in 369,500 369,500 - 241,524
TOTAL OTHER FINANCING SOURCES (USES) 369,500 378,793 9,293 241,524
Excess (deficiency) of revenues over
expenditures and other sources (uses) (173,720) (216,398) (42,678) 179,251
Fund Balances at beginning of year 173,720 406,054 232,334 226,803
Fund Balances at end of year $ - $ 189,656 $ 189,656 $ 406,054
The accompanying notes to financial statements are an integral part of this statement.
43
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SPECIAL REVENUE FUNDS
ra_ Special Revenue Funds are used to account for specific revenues that are legally restricted to expenditures for
particular purposes.
Library Contribution - To account for contributions made by citizens earmarked for
improving the Library.
Landfill Improvement - To account for monies received from a lawsuit settlement that are
specifically restricted to reclamation, engineering, and laboratory
services required to close the landfill.
Park Improvement - To account for contributions from individuals and businesses for use
in the City's parks.
Economic Development - To account for sales tax monies specifically designated for the
Development Corporation of Wylie, Inc., a non-profit corporation
established to promote and develop industrial and manufacturing
enterprises within the governments boundaries.
45
EXHIBIT B-1
CITY OF WYLIE, TEXAS
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
September 30, 1991
With Comparative Totals for September 30, 1990 ...
Library Landfill Park Economic
Contributions Fund Improvement Fund Improvement Fund Development Fund
ASSETS
Cash and cash equivalents $ 88 $ - $ 1,170 $ 193,740
Accounts - - - 10,887 '"
Due from other funds - - - -
TOTAL ASSETS $ 88 $ - $ 1,170 $ 204,627
MON
LIABILITIES AND FUND BALANCE
LIABILITIES
Accounts payable $ - $ - $ - $
Due to other funds - - - -
TOTAL LIABILITIES - - - -
FUND BALANCE
Fund balance - unreserved 88 1,170 204,627
TOTAL FUND BALANCE 88 - 1,170 204,627
TOTAL LIABILITIES AND FUND BALANCE $ 88 $ - $ 1,170 $ 204,627
The accompanying notes to financial statements are an integral part of this statement.
46
Totals
1991 1990
194,998 $ 27,375
., 10,887 11,761
12,011
205,885 $ 51,147
S - $ 60
5,000
5,060
205,885 46,087
205,885 46,087
S 205,885 $ 51,147
47
EXHIBIT B-2
CITY OF WYLIE, TEXAS "'
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended September 30, 1991
With Comparative Amounts for Year Ended September 30, 1990
Library Landfill Park Economic
Contributions Fund Improvement Fund Improvement Fund Development Fund
REVENUES
Sales taxes $ $ - $ - $ 183,075 ...
Interest 18 - 500 5,090
Miscellaneous 1,313 - 12,228 -
TOTAL REVENUES 1,331 - 12,728 188,165
NM
EXPENDITURES
Current Expenditures
Urban development
".
Economic development - - 8,382
Total Urban development - - 8,382
Public works ...
Landfill improvement - - - -
Total Public works - - _ -
Community services '."
Library 1,340 - - -
Park improvement - - 17,895 -
Total Community services 1,340 - 17,895 -
Total Current Expenditures 1,340 - 17,895 8,382
Capital Outlay
Community services ."
Library - - - -
Park improvement - - 6,626 -
Total Community services - - 6,626 - —
Total Capital Outlay - - 6,626 -
TOTAL EXPENDITURES 1,340 - 24,521 8,382 .,,
Excess (deficiency) of revenues over
expenditures (9) - (11,793) 179,783
OTHER FINANCING SOURCES (USES)
Operating Transfers In - - -
Operating Transfers Out - (8,183) - -
TOTAL OTHER FINANCING SOURCES (USES) - (8,183) - - -"'
Excess (deficiency) of revenues over
expenditures and other sources (uses) (9) (8,183) (11,793) 179,783
Fund Balances at beginning of year 97 8,183 12,963 24,844 ,"
Fund Balances at end of year $ 88 $ - $ 1,170 $ 204,627
The accompanying notes to financial statements are an integral part of this statement.
..
48
Totals
1991 1990
$ 183,075 $ 24,843
5,608 842
13,541 18,035
202,224 43,720
8,382 -
8,382 -
32,728
32,728
1,340 828
17,895 60
�- 19,235 888
27,617 33,616
3,511
6,626 6,831
6,626 10,342
6,626 10,342
34,243 43,958
167,981 (238)
31,090
(8,183) -
(8,183) 31,090
159,798 30,852
46,087 15,235
$ 205,885 $ 46,087
49
EXHIBIT 6-3
CITY OF WYLIE, TEXAS ...
LIBRARY CONTRIBUTION SPECIAL REVENUE FUND
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990
1991 1990
ASSETSm.
Cash and cash equivalents $ 88 $ 97
TOTAL ASSETS $ 88 $ 97 �..
FUND BALANCE
Fund balance - unreserved $ 88 $ 97
TOTAL FUND BALANCE 88 97 w
TOTAL LIABILITIES AND FUND BALANCE $ 88 $ 97
The accompanying notes to financial statements are an integral part of this statement.
50
EXHIBIT B-4
CITY OF WYLIE, TEXAS
LIBRARY CONTRIBUTION SPECIAL REVENUE FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended September 30, 1991 and 1990
1991 1990
~~ REVENUES
Interest $ 18 $ 6
Miscellaneous 1,313 930
TOTAL REVENUES 1,331 936
EXPENDITURES
Current Expenditures
Community services
Library 1,340 828
Total Community services 1,340 828
Total Current Expenditures 1,340 828
Capital Outlay
Community services
~~ Library
3,511
Total Community services - 3,511
Total Capital Outlay - 3,511
TOTAL EXPENDITURES 1,340 4,339
Excess (deficiency) of revenues over
expenditures (9) (3,403)
Fund Balances at beginning of year 97 3,500
Fund Balances at end of year $ 88 $ 97
.... The accompanying notes to financial statements are an integral part of this statement.
51
EXHIBIT B-5
CITY OF WYLIE, TEXAS
LANDFILL IMPROVEMENT SPECIAL REVENUE FUND
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990
1991 1990
ASSETS
Cash and cash equivalents $ - $ 1,232
Due from other funds - 12,011
TOTAL ASSETS $ - $ 13,243
..
LIABILITIES AND FUND BALANCE
LIABILITIES !*
Accounts payable $ - $ 60
Due to other funds - 5,000
TOTAL LIABILITIES - 5,060 w
FUND BALANCE
Fund balance - unreserved - 8,183
TOTAL FUND BALANCE - 8,183
TOTAL LIABILITIES AND FUND BALANCE $ - $ 13,243
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The accompanying notes to financial statements are an integral part of this statement.
52
EXHIBIT B-6
CITY OF WYLIE, TEXAS
LANDFILL IMPROVEMENT SPECIAL REVENUE FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended September 30, 1991 and 1990
1991 1990
REVENUES
Interest S $ 372
TOTAL REVENUES
372
EXPENDITURES
Current Expenditures
Public works
Landfill improvement - 32,728
Total Public works
32,728
Total Current Expenditures - 32,728
TOTAL EXPENDITURES
32,728
Excess (deficiency) of revenues over
expenditures - (32,356)
OTHER FINANCING SOURCES (USES)
Operating Transfers In
Operating Transfers Out - 31,090
(8,183)
TOTAL OTHER FINANCING SOURCES (USES) (8,183) 31,090
Excess (deficiency) of revenues over
expenditures and other sources (uses) (8,183) (1,266)
Fund Balances at beginning of year 8,183 9,449
Fund Balances at end of year $ - $ 8,183
M` The accompanying notes to financial statements are an integral part of this statement.
53
EXHIBIT B-7
CITY OF WYLIE, TEXAS
PARK IMPROVEMENT SPECIAL REVENUE FUND
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990
1991 1990
ASSETS
Cash and cash equivalents S 1,170 $ 12,963
TOTAL ASSETS S 1,170 $ 12,963 WM.
FUND BALANCE
Fund balance - unreserved S 1,170 $ 12,963
TOTAL FUND BALANCE 1,170 12,963 ***
TOTAL LIABILITIES AND FUND BALANCE S 1,170 $ 12,963
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The accompanying notes to financial statements are an integral part of this statement.
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EXHIBIT B-8
CITY OF WYLIE, TEXAS
PARK IMPROVEMENT SPECIAL REVENUE FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended September 30, 1991 and 1990
1991 1990
REVENUES
• Interest $ 500 $ 462
Miscellaneous 12,228 17,106
TOTAL REVENUES 12,728 17,568
EXPENDITURES
Current Expenditures
Community services
Park improvement 17,895 60
Total Community services 17,895 60
Total Current Expenditures 17,895 60
Capital Outlay
Community services
Park improvement 6,626 6,831
Total Community services 6,626 6,831
Total Capital Outlay 6,626 6,831
• TOTAL EXPENDITURES 24,521 6,891
Excess (deficiency) of revenues over
expenditures (11,793) 10,677
• Fund Balances at beginning of year 12,963 2,286
Fund Balances at end of year $ 1,170 $ 12,963
The accompanying notes to financial statements are an integral part of this statement.
55
EXHIBIT 8-9
CITY OF WYLIE, TEXAS1111110
ECONOMIC DEVELOPMENT SPECIAL REVENUE FUND
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990
m.
1991 1990
ASSETS w`
Cash and cash equivalents $ 193,740 $ 13,084
Accounts 10,887 11,761
TOTAL ASSETS $ 204,627 $ 24,845
FUND BALANCE
Fund balance - unreserved $ 204,627 $ 24,845
TOTAL FUND BALANCE 204,627 24,845
TOTAL LIABILITIES AND FUND BALANCE $ 204,627 $ 24,845
...
The accompanying notes to financial statements are an integral part of this statement.
56
EXHIBIT B-10
CITY OF WYLIE, TEXAS
ECONOMIC DEVELOPMENT SPECIAL REVENUE FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended September 30, 1991 and 1990
1991 1990
REVENUES
Sales taxes $ 183,075 $ 24,842
Interest 5,090 2
TOTAL REVENUES 188,165 24,844
EXPENDITURES
Current Expenditures
Urban development
Economic development 8,382 -
Total Urban development 8,382 -
Total Current Expenditures 8,382 -
TOTAL EXPENDITURES 8,382 -
Excess (deficiency) of revenues over
expenditures 179,783 24,844
Fund Balances at beginning of year 24,844
�.. Fund Balances at end of year $ 204,627 $ 24,844
The accompanying notes to financial statements are an integral part of this statement.
57
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DEBT SERVICE FUND
The Debt Service Fund is used to account for the accumulation of resources and payment of general obligation bond
principal and interest from governmental resources.
59
EXHIBIT C-1
CITY OF WYLIE, TEXAS
DEBT SERVICE FUND
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990
1991 1990
ASSETS
Cash and cash equivalents $ 163,939 $ 7,050
Taxes 70,161
Due from other funds 12,891 AM
71,265
TOTAL ASSETS $ 246,991 $ 78,315
LIABILITIES AND FUND BALANCE
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LIABILITIES
Due to other funds $ 115,531 $ -
Deferred revenue 60,439 67,165
TOTAL LIABILITIES 175,970 67,165
FJ40 BALANCE
Fund balance - unreserved 71,021 11,150 �*
TOTAL FUND BALANCE 71,021 11,150
TOTAL LIABILITIES AND FUND BALANCE $ 246,991 $ 78,315
The accompanying notes to financial statements are an integral part of this statement.
60
EXHIBIT C-2
CITY OF WYLIE, TEXAS
DEBT SERVICE FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended September 30, 1991 and 1990
1991 1990
Mis
REVENUES
Ad valorem taxes $ 714,363 $ 487,614
Interest 8,578 7,785
TOTAL REVENUES 722,941 495,399
EXPENDITURES
Current Expenditures
Other
7
Total Current Expenditures - 7
Debt Service
Principal 237,145 200,000
Interest and fiscal agent charges 425,925 275,777
Total Debt Service 663,070 475,784
TOTAL EXPENDITURES 663,070 475,791
Excess (deficiency) of revenues over
expenditures 59,871 19,608
OTHER FINANCING SOURCES (USES)
Operating Transfers Out - (32,093)
TOTAL OTHER FINANCING SOURCES (USES) - (32,093)
Excess (deficiency) of revenues over
«.. expenditures and other sources (uses) 59,871 (12,485)
Fund Balances at beginning of year 11,150 23,635
Fund Balances at end of year $ 71,021 $ 11,150
The accompanying notes to financial statements are an integral part of this statement.
61
EXHIBIT C-3
CITY OF WYLIE, TEXAS �+
DEBT SERVICE FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE--BUDGET (GAAP BASIS) AND ACTUAL
Year Ended September 30, 1991
Variance
Favorable
Budget Actual (Unfavorable)
REVENUES
Ad valorem taxes $ 692,500 $ 714,363 $ 21,863
Interest - 8,578 8,578
TOTAL REVENUES 692,500 722,941 30,441
EXPENDITURES
Debt Service
Principal 237,145 237,145
Interest and fiscal agent charges 455,355 425,925 29,430
Total Debt Service 692,500 663,070 29,430
TOTAL EXPENDITURES 692,500 663,070 29,430
Excess (deficiency) of revenues over
expenditures - 59,871 59,871 ,..
Excess (deficiency) of revenues over
expenditures and other sources (uses) - 59,871 59,871
Fund Balances at beginning of year - 11,150 11,150
Fund Balances at end of year $ - $ 71,021 $ 71,021
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The accompanying notes to financial statements are an integral part of this statement.
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CAPITAL PROJECT FUNDS
Capital Project Funds are used to account for acquisition and construction of major capital facilities other than those
financed by proprietary and trust funds.
Public Con. Equip. Notes - To account for the acquisition of heavy equipment.
Bond funds are the primary means of financing these
acquisitions.
Street Construction - To account for construction and improvements made
to existing streets, curbs, and gutters. Special
assessments are the primary means of financing
these improvements.
Street Improvement - To account for construction of new streets, curbs,
and gutters made when developers build new
subdivisions in and around the City. Fees from
developers are the primary means of financing these
developments.
Landfill Closure - To account for expenditures to secure, investigate,
and to close the government's landfill according to
the settlement reached with the State of Texas.
Bond funds are the primary means of financing these
expenditures.
Public Safety Equipment - To account for the acquisition of public safety
vehicles and equipment. Bond funds are the primary
means of financing these acquisitions.
Service Cen./Animal Shelter - To account for improvements and additions to the
government's public works warehouse animal shelter.
Bond funds are the primary means of financing these
improvements.
63
EXHIBIT D-1
CITY OF WYLIE, TEXAS
CAPITAL PROJECT FUNDS
COMBINING BALANCE SHEET
September 30, 1991
With Comparative Totals for September 30, 1990 ...
Public Con. Street Street Landfill
Equip. Notes Fund Construction Fund Improvement Fund Closure Fund
m.
ASSETS
Cash and cash equivalents $ - $ 12,827 $ 34,142 $ 48,297
Investments - - 293,964 800,616
Assessments - 53,377 - -
Due from other funds - - 20,000 331,292
TOTAL ASSETS S - $ 66,204 $ 348,106 $ 1,180,205 ..
LIABILITIES AND FUND BALANCE
LIABILITIES
Accounts payable $ - $ - $ - $ -
Accrued liabilities - 1,271 -
Due to other funds -
Deferred revenue - 53,377 - �*
Notes payable
TOTAL LIABILITIES 54,648 -
FUND BALANCE
Fund balance - unreserved - 11,556 348,106 1,180,205
TOTAL FUND BALANCE - 11,556 348,106 1,180,205 ""
TOTAL LIABILITIES AND FUND BALANCE $ - $ 66,204 $ 348,106 $ 1,180,205
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The accompanying notes to financial statements are an integral part of this statement.
64
Public Safety Service Totals
Equipment Fund Cen./Animal Shelter 1991 1990
$ - $ 1,274 $ 96,540 $ 195,016
aka
308,746 1,403,326 1,724,122
53,377 56,377
351,292 35,000
$ - $ 310,020 $ 1,904,535 $ 2,010,515
$ - $ - $ - $ 9,063
1,271 -
12,011
53,377 56,377
1,271
54,648 78,722
310,020 1,849,887 1,931,793
310,020 1,849,887 1,931,793
$ - $ 310,020 $ 1,904,535 $ 2,010,515
moR
65
EXHIBIT D-2
CITY OF WYLIE, TEXAS "`
CAPITAL PROJECT FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended September 30, 1991 ..,,,
With Comparative Amounts for Year Ended September 30, 1990
Public Con. Street Street Landfill
Equip. Notes Fund Construction Fund Improvement Fund Closure Fund
REVENUES
Interest $ - $ 2,013 $ 19,505 $ 67,503 ..
Assessments - 3,000 - -
Miscellaneous - - - -
TOTAL REVENUES - 5,013 19,505 67,503
OM
EXPENDITURES
Current Expenditures
Public safety
Public safety equipment - - - OM
Animal shelter - - - -
Total Public safety - - -
Public works
Street construction - 112,738 - -
Municipal complex - - - 76,970
Total Public works - 112,738 . 76,970 ...
Total Current Expenditures - 112,738 - 76,970
Capital Outlay ..
Public safety
Animal shelter - - - _
Total Public safety - -
Public works
Street construction - - _
Total Public works - - _ ..
Total Capital Outlay - - - -
TOTAL EXPENDITURES - 112,738 - 76,970 ..
Excess (deficiency) of revenues over
expenditures - (107,725) 19,505 (9,467)
OTHER FINANCING SOURCES (USES)
Proceeds of Long-term Debt - - _ _
Operating Transfers In - 45,000 - 8,183 ,..,
Operating Transfers Out - - (45,000) -
TOTAL OTHER FINANCING SOURCES (USES) - 45,000 (45,000) 8,183
Excess (deficiency) of revenues over ...
expenditures and other sources (uses) - (62,725) (25,495) (1,284)
Fund Balances at beginning of year - 74,281 373,601 1,181,489
Fund Balances at end of year $ - $ 11,556 $ 348,106 $ 1,180,205 ,,,,,
..
The accompanying notes to financial statements are an integral part of this statement.
..
66
Public Safety Service Totals
Equipment Fund Cen./Animal Shelter 1991 1990
$ - $ 18,324 $ 107,345 $ 130,379
-- - - 3,000 231
- - - 5,760
- 18,324 110,345 136,370
,. , - - - 15
- 7,176 7,176 -
- 7,176 7,176 15
- - 112,738 162,115
- - 76,970 43,361
�""' - - 189,708 205,476
- 7,176 196,884 205,491
- 3,550 3,550 11,590
- 3,550 3,550 11,590
- - - 33,702
- - - 33,702
- 3,550 3,550 45,292
- 10,726 200,434 250,783
- 7,598 (90,089) (114,413)
- - - 1,500,000
- - 53,183 23,000
- - (45,000) (109,372)
- - 8,183 1,413,628
- 7,598 (81,906) 1,299,215
302,422 1,931,793 632,578
$ - $ 310,020 $ 1,849,887 $ 1,931,793
67
EXHIBIT D-3
CITY OF WYLIE, TEXAS ....
PUBLIC CONSTRUCTION EQUIPMENT NOTES CAPITAL PROJECT FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended September 30, 1991 and 1990 ..�
1991 1990
REVENUES
Interest $ - $ 705
TOTAL REVENUES - 705
Excess (deficiency) of revenues over
expenditures - 705
OTHER FINANCING SOURCES (USES) .�
Operating Transfers Out - (23,245)
TOTAL OTHER FINANCING SOURCES (USES) - (23,245)
AIM
Excess (deficiency) of revenues over
expenditures and other sources (uses) - (22,540)
Fund Balances at beginning of year - 22,540
Fund Balances at end of year $ - $
The accompanying notes to financial statements are an integral part of this statement.
68
EXHIBIT D-4
.._. CITY OF WYLIE, TEXAS
STREET CONSTRUCTION CAPITAL PROJECT FUND
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990
1991 1990
ASSETS
Cash and cash equivalents $ 12,827 $ 77,175
Assessments 53,377 56,377
TOTAL ASSETS $ 66,204 $ 133,552
LIABILITIES AND FUND BALANCE
LIABILITIES
Accounts payable $ - $ 1,623
Accrued liabilities 1,271
Deferred revenue 53,377 56,377
Notes payable - 1,271
TOTAL LIABILITIES 54,648 59,271
FUND BALANCE
Fund balance - unreserved 11,556 74,281
TOTAL FUND BALANCE 11,556 74,281
TOTAL LIABILITIES AND FUND BALANCE $ 66,204 $ 133,552
The accompanying notes to financial statements are an integral part of this statement.
69
EXHIBIT D-5
CITY OF WYLIE, TEXAS �*+
STREET CONSTRUCTION CAPITAL PROJECT FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended September 30, 1991 and 1990
1991 1990
REVENUES
Interest $ 2,013 $ 10,729
Assessments 3,000 231
TOTAL REVENUES 5,013 10,960
EXPENDITURES
Current Expenditures
Public works
Street construction 112,738 162,115
Total Public works 112,738 162,115 a
Total Current Expenditures 112,738 162,115
Capital Outlay
Public works
Street construction 33,702
Total Public works - 33,702
i
Total Capital Outlay - 33,702
TOTAL EXPENDITURES 112,738 195,817
Excess (deficiency) of revenues over
expenditures (107,725) (184,857)
OTHER FINANCING SOURCES (USES)
Operating Transfers In 45,000 23,000
TOTAL OTHER FINANCING SOURCES (USES) 45,000 23,000
Excess (deficiency) of revenues over
expenditures and other sources (uses) (62,725) (161,857)
Fund Balances at beginning of year 74,281 236,138
Fund Balances at end of year $ 11,556 $ 74,281 i
i
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i
The accompanying notes to financial statements are an integral part of this statement.
i
70
EXHIBIT D-6
CITY OF WYLIE, TEXAS
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES--BUDGET (GAAP BASIS) AND ACTUAL
STREET CONSTRUCTION CAPITAL PROJECT FUND
Year Ended September 30, 1991
Variance
Favorable
Budget Actual (Unfavorable)
REVENUES
Interest $ 4,745 S 2,013 $ (2,732)
Assessments - 3,000 3,000
TOTAL REVENUES 4,745 5,013 268
EXPENDITURES
Current Expenditures
Public works 115,000 112,738 2,262
Total Current Expenditures 115,000 112,738 2,262
TOTAL EXPENDITURES 115,000 112,738 2,262
Excess (deficiency) of revenues over
expenditures (110,255) (107,725) 2,530
OTHER FINANCING SOURCES (USES)
Operating Transfers in 45,255 45,000 (255)
TOTAL OTHER FINANCING SOURCES (USES) 45,255 45,000 (255)
-- Excess (deficiency) of revenues over
expenditures and other sources (uses) (65,000) (62,725) 2,275
Fund Balances at beginning of year 65,000 74,281 9,281
Fund Balances at end of year S - S 11,556 $ 11,556
The accompanying notes to financial statements are an integral part of this statement.
71
EXHIBIT D-7
CITY OF WYLIE, TEXAS
STREET IMPROVEMENT CAPITAL PROJECT FUND
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990
1991 1990
ASSETS
Cash and cash equivalents S 34,142 $ 117,841 .'
Investments 293,964 220,760
Due from other funds 20,000 35,000
TOTAL ASSETS S 348,106 $ 373,601
FUND BALANCE
Fund balance - unreserved $ 348,106 $ 373,601
TOTAL FUND BALANCE 348,106 373,601
IMP
TOTAL LIABILITIES AND FUND BALANCE S 348,106 $ 373,601
MO
WM
MO
MO
MO
MO
The accompanying notes to financial statements are an integral part of this statement.
72
EXHIBIT D-8
CITY OF WYLIE, TEXAS
STREET IMPROVEMENT CAPITAL PROJECT FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended September 30, 1991 and 1990
1991 1990
REVENUES
Interest $ 19,505 $ 16,941
Miscellaneous - 5,760
TOTAL REVENUES 19,505 22,701
Excess (deficiency) of revenues over
expenditures 19,505 22,701
OTHER FINANCING SOURCES (USES)
Operating Transfers Out (45,000) (23,000)
TOTAL OTHER FINANCING SOURCES (USES) (45,000) (23,000)
Excess (deficiency) of revenues over
expenditures and other sources (uses) (25,495) (299)
Fund Balances at beginning of year 373,601 373,900
Fund Balances at end of year $ 348,106 $ 373,601
The accompanying notes to financial statements are an integral part of this statement.
73
EXHIBIT D-9
CITY OF WYLIE, TEXAS ""
LANDFILL CLOSURE CAPITAL PROJECT FUND
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990
1991 1990
ASSETS
Cash and cash equivalents $ 48,297 $ -
Investments 800,616 1,200,940
Due from other funds 331,292
TOTAL ASSETS $ 1,180,205 $ 1,200,940
LIABILITIES AND FUND BALANCE
LIABILITIES
Accounts payable $ - $ 7,440
Due to other funds - 12,011
TOTAL LIABILITIES - 19,451
FUND BALANCE
Fund balance - unreserved 1,180,205 1,181,489 �*
TOTAL FUND BALANCE 1,180,205 1,181,489
TOTAL LIABILITIES AND FUND BALANCE $ 1,180,205 $ 1,200,940
..A
The accompanying notes to financial statements are an integral part of this statement.
a
74
EXHIBIT D-10
CITY OF WYLIE, TEXAS
LANDFILL CLOSURE CAPITAL. PROJECT FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended September 30, 1991 and 1990
1991 1990
REVENUES
Interest $ 67,503 $ 55,940
awars
TOTAL REVENUES 67,503 55,940
EXPENDITURES
Current Expenditures
Public works
Municipal complex 76,970 43,361
Total Public works 76,970 43,361
Total Current Expenditures 76,970 43,361
TOTAL EXPENDITURES 76,970 43,361
Excess (deficiency) of revenues over
expenditures (9,467) 12,579
OTHER FINANCING SOURCES (USES)
Proceeds of Long-term Debt - 1,200,000
Operating Transfers In 8,183 -
Operating Transfers Out - (31,090)
�.. TOTAL OTHER FINANCING SOURCES (USES) 8,183 1,168,910
Excess (deficiency) of revenues over
expenditures and other sources (uses) (1,284) 1,181,489
Fund Balances at beginning of year 1,181,489 -
Fund Balances at end of year $ 1,180,205 $ 1,181,489
.00
The accompanying notes to financial statements are an integral part of this statement.
75
EXHIBIT 0-11
CITY OF WYLIE, TEXAS mom
PUBLIC SAFETY EQUIPMENT CAPITAL PROJECT FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended September 30, 1991 and 1990
1991 1990
REVENUES
Interest $ - $ 32,052
TOTAL REVENUES 32,052 ..
EXPENDITURES
Current Expenditures
Public safety
Public safety equipment - 15
Total Public safety - 15
Total Current Expenditures - 15
TOTAL EXPENDITURES - 15
Excess (deficiency) of revenues over ""
expenditures - 32,037
OTHER FINANCING SOURCES (USES) ..,
Operating Transfers Out - (32,037)
TOTAL OTHER FINANCING SOURCES (USES) - (32,037)
Excess (deficiency) of revenues over
expenditures and other sources (uses) -Fund Balances at beginning of year - -
Fund Balances at end of year $ -
AWN
AM
AM
AM
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The accompanying notes to financial statements are an integral part of this statement.
..
76
EXHIBIT D-12
CITY OF WYLIE, TEXAS
SERVICE CENTER/ANIMAL SHELTER CAPITAL PROJECT FUND
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990
1991 1990
ASSETS
Cash and cash equivalents $ 1,274 $ -
Investments 308,746 302,422
TOTAL ASSETS $ 310,020 $ 302,422
FUND BALANCE
Fund balance - unreserved $ 310,020 $ 302,422
TOTAL FUND BALANCE 310,020 302,422
TOTAL LIABILITIES AND FUND BALANCE $ 310,020 $ 302,422
The accompanying notes to financial statements are an integral part of this statement.
77
EXHIBIT D-13
CITY OF WYLIE, TEXAS
SERVICE CENTER/ANIMAL SHELTER CAPITAL PROJECT FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended September 30, 1991 and 1990 ..
1991 1990
REVENUES ...
Interest $ 18,324 $ 14,012
TOTAL REVENUES 18,324 14,012
EXPENDITURES
Current Expenditures
Public safety
Animal shelter 7,176 -
Total Public safety 7,176 -
Total Current Expenditures 7,176 -
Capital Outlay
Public safety
Animal shelter 3,550 11,590
Total Public safety 3,550 11,590
Total Capital Outlay 3,550 11,590
TOTAL EXPENDITURES 10,726 11,590
Excess (deficiency) of revenues over
expenditures 7,598 2,422
w
OTHER FINANCING SOURCES (USES)
Proceeds of Long-term Debt - 300,000
TOTAL OTHER FINANCING SOURCES (USES) - 300,000
Excess (deficiency) of revenues over
expenditures and other sources (uses) 7,598 302,422
Fund Balances at beginning of year 302,422 -
Fund Balances at end of year $ 310,020 $ 302,422
AM
w
The accompanying notes to financial statements are an integral part of this statement.
a
78
EXHIBIT D-14
CITY OF WYLIE, TEXAS
SERVICE CENTER/ANIMAL SHELTER CAPITAL PROJECT FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES--BUDGET (GAAP BASIS) AND ACTUAL
Year Ended September 30, 1991
mm
Variance
Favorable
Budget Actual (Unfavorable)
- REVENUES
Interest $ - $ 18,324 $ 18,324
TOTAL REVENUES - 18,324 18,324
EXPENDITURES
Current Expenditures
Public safety 1,000 7,176 (6,176)
Total Current Expenditures 1,000 7,176 (6,176)
Capital Outlay
Public safety 299,000 3,550 295,450
Total Capital Outlay 299,000 3,550 295,450
TOTAL EXPENDITURES 300,000 10,726 289,274
Excess (deficiency) of revenues over
expenditures (300,000) 7,598 307,598
TOTAL OTHER FINANCING SOURCES (USES) - - -
Excess (deficiency) of revenues over
4.- expenditures and other sources (uses) (300,000) 7,598 307,598
Fund Balances at beginning of year 300,000 302,422 2,422
Fund Balances at end of year $ - $ 310,020 $ 310,020
The accompanying notes to financial statements are an integral part of this statement.
79
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(THIS PAGE INTENTIONALLY LEFT BLANK)
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80
ENTERPRISE FUNDS
Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private
business enterprises -where the intent of the government's council is that the costs of providing goods or services to
the general public on a continuing basis be financed or recovered primarily through user charges; or where the
government's council has decided that periodic determination of net income is appropriate for accountability purposes.
Utility - To account for the operations of the Water and Sewer Department.
Sanitation - To account for the operations of the garbage collection department.
tmowft
mAollk
81
EXHIBIT E-1
CITY OF WYLIE, TEXAS ""
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
September 30, 1991
With Comparative Totals for September 30, 1990
Sanitation Totals
Utility Fund Operating Fund 1991 1990
ASSETS ...
Current Assets
Cash and cash equivalents 5 297,822 $ 14,624 $ 312,446 $ 169,586
Investments - 561,377 ..
Accounts receivable - net 253,078 16,128 269,206 205,107
Intergovernmental receivable 27,343 - 27,343 -
Due from other funds - - - 5,732
Inventories 37,911 37,911 33,703
Prepaid expenses 16,298 - 16,298 - •,,
Total Current Assets 632,452 30,752 663,204 975,505
Restricted Assets
Cash and cash equivalents 50,551 - 50,551 47,070
Investments 199,148 - 199,148 281,231
Prepaid capital lease payments 160,895 - 160,895 110,480
Total Restricted Assets 410,594 - 410,594 438,781 "'
Fixed Assets
Fixed assets - net 7,573,962 728 7,574,690 7,626,784
Total Fixed Assets 7,573,962 728 7,574,690 7,626,784 ..
TOTAL ASSETS 5 8,617,008 5 31,480 $ 8,648,488 $ 9,041,070
LIABILITIES AND FUND EQUITY
LIABILITIES
Current Liabilities
Accounts payable $ 39,192 $ 25,010 $ 64,202 $ 272,546
Accrued liabilities 6,649 4,420 11,069 24,444
Due to other funds 378,449 5,674 384,123 65,000
Total Current Liabilities 424,290 35,104 459,394 361,990
Liabilities payable from restricted assets:
Customer deposits 123,159 - 123,159 136,433
Accrued interest payable 37,967 - 37,967 113,433
Capital leases - current 93,872 - 93,872 37,064
Certificates of obligation - current 57,855 - 57,855 15,000
Revenue bonds - current 25,000 - 25,000 25,000
Total liabilities payable from restricted assets 337,853 - 337,853 326,930 .A
Long-Term Liabilities
Revenue bonds 630,000 - 630,000 655,000
Capital leases payable 1,747,750 - 1,747,750 1,913,540 ",
Certificates of obligation 2,069,290 - 2,069,290 2,170,000
Total Long-Term Liabilities 4,447,040 - 4,447,040 4,738,540
TOTAL LIABILITIES 5,209,183 35,104 5,244,287 5,427,460 ..+
FUND EQUITY
Contributed Capital
Contributed capital $ 3,734,881 $ - 5 3,734,881 5 3,782,138
Retained Earnings
Retained earnings - unreserved (327,056) (3,624) (330,680) (168,529)
TOTAL FUND EQUITY 3,407,825 (3,624) 3,404,201 3,613,610
..
TOTAL LIABILITIES AND FUND EQUITY $ 8,617,008 $ 31,480 $ 8,648,488 $ 9,041,070
..
The accompanying notes to financial statements are an integral part of this statement.
..
82
EXHIBIT E-2
"" CITY OF WYLIE, TEXAS
ENTERPRISE FUND TYPES
COMBINING STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN RETAINED EARNINGS (DEFICIT)
Year Ended September 30, 1991
With Comparative Actual Amounts for Year Ended September 30, 1990
Sanitation Totals
Utility Fund Operating Fund 1991 1990
OPERATING REVENUES
Water sales $ 1,083,080 $ - $ 1,083,080 $ 978,095
Sewer Sales 907,372 - 907,372 776,016
.-
Sanitation fees - 367,688 367,688 283,852
Penalty and interest 40,114 - 40,114 63,167
Tap and reconnect fees 20,109 - 20,109 21,377
Miscellaneous income 19,137 - 19,137 8,350
Total Operating Revenues 2,069,812 367,688 2,437,500 2,130,857
OPERATING EXPENSES
Utility administration 90,125 - 90,125 102,168
""` Water 548,911 - 548,911 647,931
Wastewater 343,503 - 343,503 422,646
Utility billing 190,707 - 190,707 208,043
Building services 30,450 - 30,450 38,327
,... Depreciation 505,171 - 505,171 448,669
Sanitation - 309,437 309,437 292,123
Total Operating Expenses 1,708,867 309,437 2,018,304 2,159,907
„- Operating income 360,945 58,251 419,196 (29,050)
NONOPERATING REVENUES (EXPENSES)
,W, Nonoperating Revenues 50,349 1,016 51,365 115,413
Nonoperating Expenses (357,685) - (357,685) (322,936)
Total Nonoperating revenues
(expenses) (307,336) 1,016 (306,320) (207,523)
Income before operating transfers 53,609 59,267 112,876 (236,573)
OPERATING TRANSFERS
Operating Transfers In 206,488 472 206,960 136,746
Operating Transfers Out (516,460) (60,000) (576,460) (290,403)
Total operating transfers (309,972) (59,528) (369,500) (153,657)
Net Income (256,364) (261) (256,625) (390,230)
Add back depreciation on contributed assets 94,474 - 94,474 96,512
(161,890) (261) (162,151) (293,718)
Retained Earnings/(Deficit),
beginning of year (165,166) (3,363) (168,529) 125,190
Retained Earnings/(Deficit),
"^ end of year $ (327,056) $ (3,624) $ (330,680) $ (168,529)
The accompanying notes to financial statements are an integral part of this statement.
83
EXHIBIT E-3
CITY OF WYLIE, TEXAS
COMBINING STATEMENT OF CASH FLOWS
ALL PROPRIETARY FUND TYPES ""
Year Ended September 30, 1991
With Comparative Totals for September 30, 1990
Enterprise Funds ,..
Sanitation
Utility Operation
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers $ 1,992,439 $ 367,688
Cash payments to suppliers for goods and services (1,026,720) (280,901)
Cash payments to employees for services (450,614) (18,793)
NET CASH PROVIDED BY OPERATING ACTIVITIES 515,105 67,994
CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES ...
Net borrowings (repayments) for interfund loans 319,181 -
Operating transfers in from other funds 206,488 472
Operating transfers out to other funds (516,460) (60,000)
NET CASH FLOWS PROVIDED (USED) BY
NON-CAPITAL FINANCING ACTIVITIES 9,209 (59,528)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Proceeds from capital lease 9,293 - AM
Proceeds from revenue bonds - -
Reduction of restricted assets 28,187 -
Purchase/construction of fixed assets (452,349) (728)
Principal repayments on certificates of ,.
obligation (94,733) -
Principal repayments on revenue bonds (25,000) -
Principal repayments on capital leases (81,397) -
Interest and fiscal charges obligations, bonds
and capital leases (433,151) - 0"
Capital contributions from developers 47,215
NET CASH PROVIDED (USED) FOR CAPITAL
AND RELATED FINANCING ACTIVITIES (1,001,935) (728)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest earned on investments 50,350 1,016
Proceeds from investments 561,377 -
Purchase of investments -
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES 611,727 1,016
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 134,105 8,754
w
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 163,716 5,870
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 297,822 $ 14,624
The accompanying notes to financial statements are an integral part of this statement.
84 ,,,.
1991 1990
$ 2,360,127 $ 2,144,574
(1,307,621) (1,130,405)
(469,407) (414,598)
583,099 599,571
319,181 23,832
206,960 32,092
(576,460) (185,750)
(50,319) (129,826)
9,293 -
2,000,000
28,187 -
(453,077) (1,881,466)
(94,733) -
(25,000) (40,000)
(81,397) (100,678)
""" (433,151) (228,930)
47,215 116,714
(1,002,663) (134,360)
51,366 114,760
561,377 -
- (463,011)
612,743 (348,251)
142,860 (12,866)
169,586 182,452
$ 312,446 $ 169,586
(Continued)
85
Aft
EXHIBIT E-3 (Continued)
CITY OF WYLIE, TEXAS
COMBINING STATEMENT OF CASH FLOWS
ALL PROPRIETARY FUND TYPES w
Year Ended September 30, 1991
With Comparative Totals for September 30, 1990
RECONCILIATION OF OPERATING INCOME TO ..
NET CASH PROVIDED BY OPERATING ACTIVITIES
Enterprise Funds
mm
Sanitation
Utility Operation
Operating income (loss) $ 360,945 $ 58,251
Adjustments to reconcile operating income to
net cash provided by operating activities:
Depreciation and amortization 505,171
Change in assets and liabilities:
(Increase) decrease in assets:
Accounts receivable (64,099) -
Intergovernmental (27,343) -
Inventories (4,208) - ^`
Prepaid expense (16,300) -
Increase (decrease) in liabilities:
Accounts payable (209,195) 852
Accrued liabilities (16,592) 3,217
Due to other funds - 5,674
Payable from restricted assets
Customer deposits (13,274) -
Total adjustments 154,160 9,743
Net cash provided (used) by operating activities $ 515,105 $ 67,994
w
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The accompanying notes to financial statements are an integral part of this statement.
86 �.,
1991 1990
$ 419,196 $ (29,050)
505,171 448,669
(64,099) 1,359
(27,343) -
(4,208) 25,107
(16,300) -
(208,343) 141,338
(13,375) 12,148
5,674 -
(13,274) -
163,930 628,621
$ 583,099 $ 599,571
87
EXHIBIT E-4
CITY OF WYLIE, TEXAS ..
UTILITY ENTERPRISE FUND
COMPARATIVE BALANCE SHEETS
September 30, 1991 AND 1990
1991 1990
ASSETS
Current Assets
Cash and cash equivalents S 297,822 $ 163,716
Investments - 561,377
Accounts receivable - net 253,078 188,979 -
Intergovernmental receivable 27,343 -
Due from other funds - 5,732
Inventories 37,911 33,703
Prepaid expenses 16,298 -
Total Current Assets 632,452 953,507
Restricted Assets
Cash and cash equivalents 50,551 47,070 .*.
Investments 199,148 281,231
Prepaid capital lease payments 160,895 110,480
Total Restricted Assets 410,594 438,781
Fixed Assets
Fixed assets - net 7,573,962 7,626,784
Total Fixed Assets 7,573,962 7,626,784 ...
TOTAL ASSETS S 8,617,008 $ 9,019,072
LIABILITIES AND FUND EQUITY
LIABILITIES
Current Liabilities
Accounts payable S 39,192 $ 248,389 ..
Accrued liabilities 6,649 23,241
Due to other funds 378,449 65,000
Total Current Liabilities 424,290 336,630
Liabilities payable from restricted assets:
Customer deposits 123,159 136,433
Accrued interest payable 37,967 113,433
Capital leases - current 93,872 37,064
Certificates of obligation - current 57,855 15,000
Revenue bond - current 25,000 25,000
Total liabilities payable from restricted assets: 337,853 326,930
Long-Term Liabilities
Revenue bonds 630,000 655,000
Capital teases payable 1,747,750 1,913,540
Certificates of obligation 2,069,290 2,170,000 ..
Total Long-Term Liabilities 4,447,040 4,738,540
TOTAL LIABILITIES 5,209,183 5,402,100
FUND EQUITY
Contributed capital 3,734,881 3,782,138
Retained earnings - unreserved (327,056) (165,166) .,..
TOTAL FUND EQUITY 3,407,825 3,616,972
TOTAL LIABILITIES AND FUND EQUITY S 8,617,008 $ 9,019,072
The accompanying notes to financial statements are an integral part of this statement.
88
EXHIBIT E-5
CITY OF WYLIE, TEXAS
UTILITY ENTERPRISE FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS (DEFICIT)
Year Ended September 30, 1991 and 1990
1991 1990
OPERATING REVENUES
Water sales $ 1,083,080 $ 978,095
Sewer Sales 907,372 776,016
Penalty and interest 40,114 63,167
Tap and reconnect fees 20,109 21,377
Miscellaneous income 19,137 8,350
Total Operating Revenues 2,069,812 1,847,005
Total operating revenues 2,069,812 1,847,005
OPERATING EXPENSES
Utility administration 90,125 102,168
Water 548,911 647,931
Wastewater 343,503 422,646
Utility billing 190,707 208,043
Building services 30,450 38,327
Depreciation 505,171 448,669
Total Operating Expenses 1,708,867 1,867,784
Total operating expenses 1,708,867 1,867,784
Operating income 360,945 (20,779)
0.4
NONOPERATING REVENUES (EXPENSES)
Nonoperating Revenues 50,349 114,453
Nonoperating Expenses (357,685) (322,936)
Total Nonoperating revenues
(expenses) (307,336) (208,483)
Income before operating transfers 53,609 (229,262)
OPERATING TRANSFERS
Operating Transfers In 206,488 136,746
.... Operating Transfers Out (516,460) (290,403)
Total operating transfers (309,972) (153,657)
Net Income (256,364) (382,919)
Add back depreciation on contributed assets 94,474 96,512
(161,890) (286,407)
Retained Earnings/(Deficit),
beginning of year (165,166) 121,241
Retained Earnings/(Deficit),
end of year $ (327,056) $ (165,166)
The accompanying notes to financial statements are an integral part of this statement.
89
EXHIBIT E-6
CITY OF WYLIE, TEXAS
UTILITY ENTERPRISE FUND
STATEMENT OF CASH FLOWS —
Years Ended September 30, 1991, and 1990
1991 1990
ww
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers $ 1,992,439 $ 1,861,498
Cash payments to suppliers for goods and services (1,026,720) (865,874)
Cash payments to employees for services (450,614) (397,387) ..
NET CASH PROVIDED BY OPERATING ACTIVITIES 515,105 598,237
CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES w
Net borrowings (repayments) for interfund loans 319,181 23,832
Operating transfers in from other funds 206,488 32,092
Operating transfers out to other funds (516,460) (185,750)
NET CASH FLOWS PROVIDED (USED) BY w.
NON-CAPITAL FINANCING ACTIVITIES 9,209 (129,826)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Proceeds from capital lease 9,293 - —
Proceeds from revenue bonds - 2,000,000
Reduction of restricted assets 28,187 -
Purchase/construction of fixed assets (452,349) (881,466)
Principal repayments on certificates of ..s
obligation (94,733) -
Principal repayments on revenue bonds (25,000) (40,000)
Principal repayments on capital leases (81,397) (100,678)
Interest and fiscal charges obligations, bonds w
and capital leases (433,151) (228,930)
Capital contributions from developers 47,215 116,714
NET CASH PROVIDED (USED) FOR CAPITAL
AND RELATED FINANCING ACTIVITIES (1,001,935) (134,360)
w
CASH FLOWS FROM INVESTING ACTIVITIES
Interest earned on investments 50,350 113,801
Proceeds from investments 561,377 -
Purchase of investments - (463,011) w
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES 611,727 (349,210)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 134,105 (15,159) ww
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 163,716 (178,875)
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 297,822 $ 163,716
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The accompanying notes to financial statements are an integral of this statement.
90 „w
RECONCILIATION OF OPERATING INCOME TO
NET CASH PROVIDED BY OPERATING ACTIVITIES
1991 1990
Operating income (loss) $ 360,945 $ (20,778)
Adjustments to reconcile operating income to
net cash provided by operating activities:
Depreciation and amortization 505,171 448,669
Change in assets and liabilities:
(Increase) decrease in assets:
Accounts receivable (64,099) (4,434)
Intergovernmental (21,343) -
Inventories (4,208) 25,107
Prepaid expense (16,300) -
Increase (decrease) in liabilities:
Accounts payable (209,195) 137,525
Accrued liabilities (16,592) 12,148
Due to other funds - -
Payable from restricted assets
Customer deposits (13,274) -
Total adjustments 154,160 619,015
Net cash provided (used) by operating activities $ 515,105 $ 598,237
*46
91
EXHIBIT E-7
CITY OF WYLIE, TEXAS w
SANITATION ENTERPRISE FUND
COMPARATIVE BALANCE SHEETS
September 30, 1991 AND 1990
1991 1990
ASSETS
Current Assets MOMI
Cash and cash equivalents $ 14,624 $ 5,870
Accounts 16,128 16,128
Total Current Assets 30,752 21,998
Fixed Assets
Fixed assets - net 728 -
Total Fixed Assets 728
TOTAL ASSETS $ 31,480 $ 21,998
LIABILITIES AND FUND EQUITY
LIABILITIES .�
Current Liabilities
Accounts payable $ 25,010 $ 24,157
Accrued liabilities 4,420 1,203
Due to other funds 5,674
Total Current Liabilities 35,104 25,360
TOTAL LIABILITIES 35,104 25,360
FUND EQUITY
Retained earnings - unreserved (3,624) (3,362)
TOTAL FUND EQUITY (3,624) (3,362)
TOTAL LIABILITIES AND FUND EQUITY $ 31,480 $ 21,998
The accompanying notes to financial statements are an integral part of this statement.
92
EXHIBIT E-8
CITY OF WYLIE, TEXAS
SANITATION ENTERPRISE FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS (DEFICIT)
Year Ended September 30, 1991 AND 1990
1991 1990
OPERATING REVENUES
Sanitation fees $ 367,688 $ 283,852
• Total Operating Revenues 367,688 283,852
Total operating revenues 367,688 283,852
• OPERATING EXPENSES
Sanitation 309,437 292,123
Total Operating Expenses 309,437 292,123
Total operating expenses 309,437 292,123
Operating income 58,251 (8,271)
NONOPERATING REVENUES (EXPENSES)
Nonoperating Revenues 1,016 960
• Total Nonoperating revenues
(expenses) 1,016 960
Income before operating transfers 59,267 (7,311)
OPERATING TRANSFERS
Operating Transfers In 472 -
Operating Transfers Out (60,000) -
Total operating transfers (59,528) -
Net Income (261) (7,311)
• Retained Earnings/(Deficit),
beginning of year (3,363) 3,948
Retained Earnings/(Deficit),
• end of year $ (3,624) $ (3,363)
.„,. The accompanying notes to financial statements are an integral part of this statement.
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EXHIBIT E-9
CITY OF WYLIE, TEXAS
SANITATION ENTERPRISE FUND
STATEMENT OF CASH FLOWS
Years Ended September 30, 1991 and 1990
1991 1990
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers $ 367,688 $ 283,076
Cash payments to suppliers for goods and services (280,901) (264,531)
Cash payments to employees for services (18,793) (17,211)
NET CASH PROVIDED BY OPERATING ACTIVITIES 67,994 1,334
CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES
Operating transfers in from other funds 472 -
Operating transfers out to other funds (60,000)NET CASH FLOWS PROVIDED (USED) BY
NON-CAPITAL FINANCING ACTIVITIES (59,528) -
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Purchase/construction of fixed assets (728) -
- NET CASH PROVIDED (USED) FOR CAPITAL
AND RELATED FINANCING ACTIVITIES (728) -
CASH FLOWS FROM INVESTING ACTIVITIES
Interest earned on investments 1,016 959
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES 1,016 959
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 8,754 2,293
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 5,870 3,577
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 14,624 $ 5,870
RECONCILIATION OF OPERATING INCOME TO
NET CASH PROVIDED BY OPERATING ACTIVITIES
1991 1990
Operating income (loss) $ 58,251 $ (8,272)
Adjustments to reconcile operating income to
net cash provided by operating activities:
Change in assets and liabilities:
(Increase) decrease in assets:
Accounts receivable - 5,793
Increase (decrease) in liabilities:
Accounts payable 852 3,813
Accrued liabilities 3,217 -
�"' Due to other funds 5,674
Total adjustments 9,743 9,606
Net cash provided (used) by operating activities $ 67,994 $ 1,334
The accompanying notes to financial statements are an integral part of this statement.
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TRUST AND AGENCY FUNDS
Trust Funds are used to account for assets held by the government in a trustee capacity Agency funds are used to account
for assets held by the government as an agent for individuals, private organizations, other governments and/or other
funds.
�,. Police Drug/Crime - To account for monies received and their related use for crime
prevention in accordance with state law.
Police Training - To account for monies received earmarked for police training.
State Court - To account for the state's portion of court fines and fees paid by
individuals.
Municipal Appearance - To account for monies given as surety for the appearance of an
individual at a court hearing.
Muni. Court Partial - To account for partial payments of monies given as surety for the
appearance of an individual at a court hearing.
Deferred Compensation - To account for assets held for employees in accordance with the
provisions of Internal Revenue Code Section 457.
MAO
97
EXHIBIT F-1
CITY OF WYLIE, TEXAS
TRUST AND AGENCY FUNDS
COMBINING BALANCE SHEET
September 30, 1991
With Comparative Totals for September 30, 1990 ...
Police Municipal
Drug/Crime Fund Police Training State Court Fund Appearance Bond Fund
ASSETS
Cash and cash equivalents S 12,030 S - $ 8,179 $ 9,986
Investments - -
Due from other funds - - 69 329 "'
TOTAL ASSETS $ 12,030 $ - $ 8,248 $ 10,315
LIABILITIES AND FUND BALANCE
LIABILITIES
Accounts payable $ - $ - $ - $ 429
Due to others - - 8,248 9,886
Due to other funds -
TOTAL LIABILITIES - 8,248 10,315
FUND BALANCE ..
Fund balance - unreserved 12,030
TOTAL FUND BALANCE 12,030 - -
TOTAL LIABILITIES AND FUND BALANCE $ 12,030 $ - $ 8,248 $ 10,315
The accompanying notes to financial statements are an integral part of this statement.
98
Municipal Deferred Totals
Court - Partial Pay. Compensation Fund Current Year Prior Year
$ - $ - S 30,195 $ 37,398
6,661 6,661 100,666
398 -
S - $ 6,661 $ 37,254 $ 138,064
S - $ - $ 429 $ -
6,661 24,795 118,656
18,401
6,661 25,224 137,057
12,030 1,007
12,030 1,007
- $ 6,661 $ 37,254 $ 138,064
foubft
99
EXHIBIT F-2
CITY OF WYLIE, TEXAS ..
TRUST AND AGENCY FUNDS
COMBINING STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended September 30, 1991
With Comparative Amounts for Year Ended September 30, 1990
Police Totals +r
Drug/Crime Fund Police Training 1991 1990
REVENUESNOM
Franchise taxes $ 243 $ - $ 243 $ 35
Interest 1,011 - 1,011 25
Miscellaneous 49,500 - 49,500 -
TOTAL REVENUES 50,754 - 50,754 60
EXPENDITURES
Current Expenditures '�
Public safety
Police drug crime fund 9,429 - 9,429 -
Total Public safety 9,429 - 9,429 - ..
Total Current Expenditures 9,429 - 9,429 -
Capital Outlay
Public safety '�
Police drug crime fund 30,301 - 30,301 -
Total Public safety 30,301 - 30,301 -
..
Total Capital Outlay 30,301 - 30,301 -
TOTAL EXPENDITURES 39,730 - 39,730 -
Excess (deficiency) of revenues over '""
expenditures 11,024 - 11,024 60
OTHER FINANCING SOURCES (USES) ....
Operating Transfers In 84 - 84 -
Operating Transfers Out - (84) (84) -
TOTAL OTHER FINANCING SOURCES (USES) 84 (84) - -
ONO
Excess (deficiency) of revenues over
expenditures and other sources (uses) 11,108 (84) 11,024 60
Fund Balances at beginning of year 922 84 1,006 946
Fund Balances at end of year $ 12,030 $ - $ 12,030 $ 1,006
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The accompanying notes to financial statements are an integral part of this statement.
100
EXHIBIT F-3
CITY OF WYLIE, TEXAS
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUNDS
Year Ended September 30, 1991
STATE COURT FUND 10/01/90 Additions Deductions 09/30/91
ASSETS
""°" Cash $ 26,998 $ 33,178 $ 51,997 $ 8,179
Due from other funds - 69 - 69
$ 26,998 $ 33,247 $ 51,997 $ 8,248
_______
LIABILITIES
Due to other funds $ 18,401 $ - $ 18,401 $ -
Due to others 8,597 33,247 33,596 8,248
$ 26,998 $ 33,247 $ 51,997 $ 8,248
MUNICIPAL APPEARANCE BOND FUND
ASSETS
Cash $ 9,393 $ 59,362 $ 58,769 $ 9,986
Due from other funds - 329 - 329
$ 9,393 $ 59,691 $ 58,769 $ 10,315
=_""_
LIABILITIES
Accounts payable $ - $ 429 $ - $ 429
Due to others 9,393 59,262 58,769 9,886
$ 9,393 $ 59,691 $ 58,769 $ 10,315
MUNICIPAL COURT - PARTIAL PAYMENTS FUND
ASSETS
Cash $ - $ 18,113 $ 18,113 $ -
_LIABILITIES
Due to others $ - $ 18,113 $ 18,113 $ -
DEFERRED COMPENSATION FUND
ASSETS
.... Investments $ 100,666 $ 8,749 $ 102,754 $ 6,661
LIABILITIES
Due to others $ 100,666 $ 8,749 $ 102,754 $ 6,661
TOTAL ALL AGENCY FUNDS
ASSETS
-- Cash $ 36,391 $ 110,653 $ 128,879 $ 18,165
Due from other funds - 398 - 398
Investments 100,666 8,749 102,754 6,661
$ 137,057 $ 119,800 $ 231,633 $ 25,224
LIABILITIES
Accounts payable $ - $ 429 $ - $ 429
Due to other funds 18,401 - 18,401 -
""' Due to others 118,656 119,371 213,232 24,795
$ 137,057 $ 119,800 $ 231,633 $ 25,224
The accompanying notes to financial statements are an integral part of this statement.
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GENERAL FIXED ASSETS ACCOUNT GROUP
To account for fixed assets not used in proprietary fund operations.
.4000
103
EXHIBIT G-1
CITY OF WYLIE, TEXAS ..
SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCE
September 30, 1991 and 1990
a
1991 1990
m.
General fixed assets:
Land $655,266 $655,266
Buildings 2,076,719 2,076,719 .„
Improvements other than buildings 3,844,904 3,844,904
Machinery and equipment 2,054,599 1,896,211
Total general fixed assets $8,631,488 $8,473,100
Investment in general fixed assets
by source:
General fund $1,597,540 $1,479,629
Special revenue funds 200,537 193,911 .,
Capital project funds 6,803,110 6,799,560
Trust funds 30,301 -
$8,631,488 $8,473,100 wm
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The accompanying notes to financial statements are an integral part of this statement. a
.A.
104
EXHIBIT G-2
CITY OF WYLIE, TEXAS
SCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY
September 30, 1991
General General
Fixed Fixed
* Assets Assets
10/01/90 Additions Deductions 09/30/91
General Government:
• City council $274,230 $5,001 S- $279,231
City manager 274,940 1,350 - 276,290
• City secretary 206 10,059 - 10,265
Financial services 683,071 835 - 683,906
Municipal court 139,479 655 - 140,134
• Building services - 2,605 - 2,605
Total General Government 1,371,926 20,505 _ 1,392,431
Public Safety:
Police 890,034 80,880 - 970,914
Fire 227,981 9,801 - 237,782
Animal control 1,979 4,310 - 6,289
m., Total Public Safety 1,119,994 94,991 _ 1,214,985
Public Works:
--
Garage 152,590 1,045 - 153,635
Landfill 44,422 - 44,422
mm Streets and drainage 4,586,018 31,241 _ 4,617,259
Total Public Works 4,783,030 32,286 - 4,815,316
Community Services:
Library 360,409 1,917 - 362,326
.„ Parks 622,056 7,275 - 629,331
Total Community Services 982,465 9,192 991,657
• Urban Development
Engineering 146,792 - - 146,792
m, Code enforcement 68,893 1,414 - 70,307
Total Urban Development 215,685 1,414 217,099
--
Total General Fixed Assets $8,4�73,100 $158,388 S, $8,631,488
mmana
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one accompanying notes to financial statements are an integral part of this statement.
105
EXHIBIT G-3
CITY OF WYLIE, TEXAS ..
SCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY
Year Ended September 30, 1991
..
..
Improvements Machinery
Other Than and
Function and Activity Land Buildings Buildings Equipment Total ..
General Government:
City council $50,359 $223,213 $- $5,659 $279,231
a
City manager 50,359 223,213 - 2,718 276,290
City secretary - - - 10,265 10,265
Financial services 100,718 446,426 - 136,762 683,906 ..,
Municipal court 25,179 111,607 3,348 140,134
Building services - - - 2,605 2,605
...
Total General Government 226,615 1,004,459 161,357 1,392,431
Public Safety:
,..
Police 100,718 455,422 - 414,774 970,914
Fire 10,904 43,615 2,000 181,263 237,782
Animal control - - - 6,289 6,289 �"
Total Public Safety 111,622 499,037 2,000 602,326 1,214,985
..
Public Works:
Garage 25,180 123,197 - 5,258 153,635
Landfill - - - 44,422 44,422 "�"*
Streets and drainage 12,589 55,803 3,388,463 1,160,404 4,617,259
Total Public Works 37,769 179,000 3,388,463 1,210,084 4,815,316 ..
Community Services:
Library 56,703 226,813 33,623 45,187 362,326 ....
Parks 184,787 - 420,817 23,727 629,331
Total Community Services 241,490 226,813 454,440 68,914 991,657 0.
•
Urban Development:
Engineering 25,180 111,607 - 10,005 146,792 .A
Code enforcement 12,590 55,804 - 1,913 70,307
Total Urban Development 37,770 167,411 - 11,918 217,099 ..
Total General Fixed Assets $655,266 $2,076,720 $3,844,903 $2,054,599 $8,631,488
..
a
The accompanying notes to financial statements are an integral part of this statement.
..
106
STATISTICAL SECTION
Statistical information is different from financial statements in that it usually covers more than one fiscal year
and may present non-accounting information. The following tables present social and economic information, financial
trends and the fiscal capacity of the government necessary for complete disclosure of the City's financial activity.
The information presented in these tables is not required for fair presentation in conformity with generally
accepted accounting principles and is, therefore, not covered by the auditors' opinion.
107
TABLE 1
CITY OF WYLIE, TEXAS
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION
LAST TEN FISCAL YEARS
(Unaudited)
Year Ended Total General Public Public Community Urban Debt
September 30, Expenditures Government Safety Works Services Development Service
1982 $695,111 $78,646 $344,185 $209,533 $32,333 $3,964 $26,450
1983 769,224 134,300 325,968 207,240 87,111 12,545 2,060
1984 977,250 194,326 352,817 294,677 62,633 44,782 28,015
1985 1,536,009 305,761 421,869 370,159 342,156 77,014 19,050
1986 1,948,803 478,768 609,996 536,930 218,940 85,894 18,275
1987 2,493,134 576,188 900,281 506,407 245,531 95,107 169,620
1988 2,169,876 535,950 826,750 598,906 92,971 90,097 25,202
1989 2,521,664 730,512 739,287 363,165 97,201 101,848 489,651
1990 3,081,300 874,213 966,623 435,651 128,913 189,514 486,386
1991 3,783,300 928,028 1,108,992 664,584 209,092 207,087 665,517
1. General Governmental expenditures include expenditures of the General Fund, Special Revenue Funds, and the Debt Service Fund. Other
financing uses are not included. Capital outlay expenditures are included in the above totals by functional area.
2. General Government expenditures include the following functional areas: City Council, City Manager, City Secretary, City Attorney,
Finance, Municipal Court, Building Services, Employee Benefit, and Community Room expenditures.
3. Public Safety expenditures include the following functional areas: Police, Warrant Officer, Fire, Emergency Medical Services, and Animal
Control.
4. Public Works expenditures include the following functional areas: Streets and Drainage, Garage, and Landfill Improvement.
5. Community Services include the following functional areas: Library and Parks.
6. Urban Development expenditures include the following functional areas: Code Enforcement, Planning and Engineering, and Economic
Development.
7. Debt Service includes debt service of the General Fund and Debt Service Fund.
108
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TABLE 2
CITY OF WYLIE, TEXAS
GENERAL GOVERNMENTAL REVENUES BY SOURCE
LAST TEN FISCAL YEARS
(Unaudited)
Year Ended Total Ad Valorem Sales Franchise Licenses & Intergov-
September 30, Revenues Taxes Taxes Taxes Permits ernmental Fees Other
1982 $686,779 $279,486 113,901 $101,067 $10,863 $37,412 $130,905 13,145
1983 841,868 305,744 124,951 129,821 18,975 96,105 143,994 22,278
1984 1,190,089 360,958 182,937 149,007 200,305 49,497 185,830 61,555
1985 1,609,224 476,379 263,604 181,060 133,505 41,540 283,307 229,829
1986 1,676,153 716,198 286,417 225,881 198,006 50,878 166,190 32,583
1987 1,993,058 1,004,102 298,011 237,609 182,029 55,830 181,860 33,617
1988 2,262,794 1,315,912 267,163 286,652 98,144 47,188 174,304 73,431
1989 2,746,561 1,600,023 386,043 351,823 93,911 43,357 202,363 69,041
1990 3,013,554 1,787,116 420,237 312,793 86,713 58,233 242,461 106,001
1991 3,415,961 2,113,500 550,121 342,006 66,369 88,580 165,566 89,819
1. General Revenues include revenues in the General Fund, Special Revenue Funds, and the Debt Service Fund.
2. Prior to 1986 Fees includes refuse collection fees. Starting in 1986 this revenue is reflected in the Sanitation Enterprise Fund.
109
TABLE 3
CITY OF WYLIE, TEXAS
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
(Unaudited)
Current Per Cent of Prior Years' Collections Accumulated Ratio Of
Year Ended Adjusted Year Tax Current Levy Taxes Total As % Of Delinquent Delq. Taxes To
September 30, Tax Levy Collections Collected Collected Collections Tax Levy Taxes (1) Current Levy
1982 $280,449 $273,269 97.44% $2,618 $275,887 98.37% $10,416 3.71%
1983 304,576 297,023 97.52% 6,742 303,765 99.73% 11,227 3.69%
1984 365,025 355,935 97.51% 2,612 358,547 98.23% 17,705 4.85%
1985 463,573 440,995 95.13% 4,902 445,897 96.19% 35,381 7.63%
1986 737,010 688,279 93.39% 11,731 700,010 94.98% 72,381 9.82%
1987 1,020,671 942,921 92.38% 40,984 983,905 96.40% 109,147 10.69%
1988 1,402,847 1,257,303 89.63% 36,654 1,293,957 92.24% 218,037 15.54%
1989 1,505,264 1,439,401 95.62% 110,163 1,549,564 102.94% 173,737 11.54%
1990 1,694,154 1,597,693 94.31% 119,827 1,717,520 101.38% 150,371 8.88%
1991 2,048,621 1,938,940 94.65% 94,650 2,033,590 99.27% 165,402 8.07%
1. Accumulated delinquent taxes does not include delinquent taxes prior to 1978.
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TABLE 4
CITY OF WYLIE, TEXAS
ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
(Unaudited)
Assessed Estimated Ratio Of
Year Ended Value Actual Assessed Value
September 30, Adjusted Value To Actual Value
1982 $58,201,276 $58,201,276 100.00%
1983 64,673,834 64,673,834 100.00%
1984 77,886,891 77,886,891 100.00%
1985 97,096,233 97,096,233 100.00%
1986 150,520,749 150,520,749 100.00%
1987 207,225,145 207,225,145 100.00%
1988 280,569,314 280,569,314 100.00%
1989 293,710,068 293,710,068 100.00%
1990 305,253,014 305,253,014 100.00%
1991 333,109,050 333,109,050 100.00%
1. Starting in 1982, all taxable property was assessed at 100% of actual market value, as required by the Texas Property Tax Code.
111
TABLE 5
CITY OF WYLIE, TEXAS
PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
(Unaudited)
Wylie Community County
City Independent Independent Community
Year Ended Of School School Collin College
September 30, Wylie District District County District
1982 $0.4800 $0.5300 N/A $0.2900 -
1983 0.4700 0.5200 N/A 0.1450 -
1984 0.4900 0.5300 0.6190 0.1928 -
1985 0.4900 0.7850 0.6190 0.1806 -
1986 0.4900 0.6900 0.6190 0.1529 0.0800
1987 0.4900 0.8900 0.9400 0.1790 0.0800
1988 0.5000 1.0100 1.1000 0.1941 0.0850
1989 0.5125 1.0400 1.1000 0.1982 0.0850
1990 0.5550 1.2700 1.1000 0.2038 0.0850
1991 0.6150 1.4822 1.3422 0.2209 0.0914
1. Source of the above information is representatives of the taxing jurisdictions.
2. Tax rates for Community Independent School District were not available prior to 1984.
3. Although the Community Independent School District is included in the above presentation, less than one percent of the City of Wylie lies
within this taxing jurisdiction.
4. Tax rates for County Community College District not available prior to 1986.
112
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TABLE 6
CITY OF WYLIE, TEXAS
SPECIAL ASSESSMENT BILLINGS AND COLLECTIONS
LAST TEN FISCAL YEARS
(Unaudited)
Outstanding Ratio Of Outstanding
Assessments Collection Assessments
Year Ended Beginning Assessments Assessments To Amount End Of
September 30, Of Year Added Collected Due Year
1982 N/A N/A N/A N/A N/A
1983 N/A N/A N/A N/A N/A
1984 N/A N/A N/A N/A N/A
1985 N/A N/A N/A N/A N/A
1986 N/A N/A N/A N/A N/A
1987 779,352 0 727,613 93.36% 51,739
1988 51,739 0 45,607 88.15% 6,132
1989 6,132 198,888 83,011 40.49% 122,009
1990 122,009 0 4,854 3.98% 117,155
1991 117,155 0 3,000 2.56% 114,155
1. Source is the City of Wylie records. Information is not available for years prior to 1987.
113
TABLE 7
CITY OF WYLIE, TEXAS
COMPUTATION OF LEGAL DEBT MARGIN
SEPTEMBER 30, 1991
(Unaudited)
The City of Wylie does not have a legal debt limit prescribed by state law. However, Article XI, Section 5 of the Texas
Constitution applicable to cities of more than 5,000 population limits the ad valorem tax rate to $2.50 per $100
assessed valuation, for cities operating under a Home Rule Charter. Accordingly, the city's tax margin for the year
ended September 30, 1991, was:
Maximum rate per $100 valuation $2.500
City of Wylie's 1990-91 rate .615
Margin $1.885
114
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TABLE 8
CITY OF WYLIE, TEXAS
RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE
AND NET BONDED DEBT PER CAPITA
LAST TEN FISCAL YEARS
(Unaudited)
Ratio Net
Assessed Gross Less Debt Net General Bonded Net General
Year Ended Value Bonded Service Fund Bonded Debt To Assessed Estimated Bonded Debt
September 30, (Adjusted) Debt Balance Debt Value Population Per Capita
1982 $58,201,276 $130,000 $35,032 $94,968 0.16% 3,450 $28
1983 64,673,834 120,000 10,820 109,180 0.17% 3,700 30
1984 77,886,891 110,000 11,261 98,739 0.13% 4,100 24
1985 97,096,233 100,000 19,128 80,872 0.08% 5,000 16
1986 150,520,749 1,890,000 26,289 1,863,711 1.24% 7,250 257
1987 207,225,145 1,875,000 7,280 1,867,720 0.90% 8,000 233
1988 280,569,314 3,580,000 2,609 3,577,391 1.28% 8,600 416
1989 293,710,068 3,445,411 23,635 3,421,776 1.17% 8,850 387
1990 305,253,014 4,735,000 7,050 4,727,950 1.55% 9,100 520
1991 333,109,050 6,625,000 71,021 6,553,979 1.97% 9,341 702
1. Gross bonded debt includes general bonded debt in all funds.
115
TABLE 9
CITY OF WYLIE, TEXAS
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL BONDED DEBT
TO GENERAL GOVERNMENTAL EXPENDITURES
LAST TEN FISCAL YEARS
(Unaudited)
Ratio Of GOB
Total Debt Service
Interest GOB Total
To Total
Year Ended Principal & Fiscal Debt Governmental Governmental
September 30, Payments Charges Service (1) Expenditures (2) Expenditures
1982 $15,000 $11,450 $26,450 $695,111 3.81%
1983 10,000 10,600 20,600 769,224 2.68%
1984 10,000 9,825 19,825 977,250 2.03%
1985 10,000 9,050 19,050 1,536,009 1.24%
1986 10,000 8,275 18,275 1,948,803 0.94%
1987 15,000 154,620 169,620 2,493,134 6.80%
1988 80,000 158,934 238,934 2,169,876 11.01%
1989 145,000 328,503 473,503 2,521,664 18.78%
1990 200,000 275,792 475,792 3,081,300 15.44%
1991 237,145 422,780 659,925 3,783,300 17.44%
1. Includes only Debt Service Fund expenditures.
2. Includes expenditures of the General Fund, Special Revenue Funds, and the Debt Service Fund.
116
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1 1 [ 1 i 1 I 1 t I 1 1
TABLE 10
CITY OF WYLIE, TEXAS
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
SEPTEMBER 30, 1991
(Unaudited)
Percentage City Of
Of Debt Wylie
Net Applicable Share
Taxing Body Bonded Debt To City Of Debt
City of Wylie $6,625,000 100.00% $6,625,000
Wylie Independent School District 13,150,000 56.47% 7,425,805
Community Independent School District 2,480,000 0.42% 10,416
Collin County 71,594,682 1.57% 1,124,037
Collin County Community College District 54,500,000 1.57% 855.650
Total Direct and Overlapping Bonded Debt $16 040,908
Ratio of Direct and Overlapping Bonded Debt
To Taxable Assessed Valuation 4.82%
Per Capita Direct and Overlapping Debt $1,717
1. Sources: Texas Municipal Reports, prepared by the Municipal Advisory Council of Texas.
117
TABLE 11
CITY OF WYLIE, TEXAS
REVENUE BOND COVERAGE
LAST TEN FISCAL YEARS
(Unaudited)
Debt Service
Net Revenue As Percent Of
Available Operating
Year Ended Operating Operating For Debt Debt Service Requirements Expense And
September 30, Revenue (1) Expense (2) Service Principal Interest Total (3) Coverage Debt Service
1982 $429,982 $404,907 $25,075 $15,000 $53,719 $68,719 0.36 14.51%
1983 429,401 426,102 3,299 15,000 52,819 67,819 0.05 13.73%
1984 558,080 515,869 42,211 15,000 51,919 66,919 0.63 11.48%
1985 824,392 631,347 193,045 15,000 56,029 71,029 2.72 10.11%
1986 1,569,098 983,218 585,880 15,000 68,281 83,281 7.03 7.81%
1987 1,411,022 1,074,260 336,762 15,000 61,576 76,576 4.40 6.65%
1988 1,522,509 1,125,374 397,135 20,000 61,721 81,721 4.86 6.77%
1989 1,696,413 1,220,890 475,523 25,000 60,326 85,326 5.57 6.53%
1990 1,847,005 1,419,115 427,890 25,000 58,606 83,606 5.12 5.56%
1991 2,069,812 1,203,696 866,116 25,000 56,886 81,886 10.58 6.37%
1. Includes total operating revenue of the Utility Enterprise Fund.
2. Includes operating expenses of the Utility Enterprise Fund, less depreciation expense.
3. Debt service requirements comprised of annual principal and interest payments on 1971, 1980, and 1986 Waterworks and Sewer System Revenue
Bonds.
118
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TABLE 12
CITY OF WYLIE, TEXAS
DEMOGRAPHIC STATISTICS
SEPTEMBER 30, 1991
(Unaudited)
Unemployment Rate
Year Ended Estimated Collin City Of Utility Connections School
September 30, Population County Wylie Electric Water Gas Enrollment
1982 3,450 4.60% 4.90% N/A 1,131 N/A 1,627
1983 3,700 4.20% 4.50% N/A 1,200 N/A 1,752
1984 4,100 3.00% 3.20% 1,722 1,275 N/A 1,813
1985 5,000 3.80% 4.10% 1,982 1,506 1,578 1,936
1986 7,250 5.50% 5.90% 2,789 2,250 1,549 2,203
1987 8,000 5.80% 6.20% 3,393 2,577 2,328 2,376
1988 8,600 4.70% 5.00% 3,718 2,588 2,332 2,447
1989 8,850 4.70% 5.00% 3,693 2,666 2,300 2,511
1990 9,100 4.80% 5.20% 3,546 2,739 2,280 2,702
1991 9,341 5.80% 6.20% 4,463 3,363 2,092 2,772
1. Population estimate by North Central Texas Council of Governments, as modified by City staff estimates.
2. Unemployment rates from Texas Employment Commission. City of Wylie rates interpolated from Collin County rates based on census data.
3. Utility connections from business office of utility companies. Electric connections not available prior to 1984. Gas connections not
available prior to 1985.
119
TABLE 13
CITY OF WYLIE, TEXAS
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS
(Unaudited)
Estimated
Assessed Building Value Of
Year Ended Value Permits Percent Construction Percent Bank Percent
September 30, (Adjusted) Issued Change All Permits Change Deposits Change
1982 $58,201,276 N/A N/A N/A N/A N/A N/A
1983 64,673,834 88 N/A N/A N/A $27,753,520 N/A
1984 77,886,891 219 N/A 15,152,481 N/A 29,932,561 7.85%
1985 97,096,233 298 36.07% 15,090,664 (0.41)% 38,039,484 27.08%
1986 150,520,749 413 38.59% 22,900,710 51.75% 40,764,425 7.16%
1987 207,225,145 315 (23.73)% 24,566,695 7.27% 45,390,293 11.35%
1988 280,569,314 110 (65.08)% 16,653,410 (32.21)% 46,276,298 1.95%
1989 293,710,068 165 50.00% 5,693,409 (65.81)% 45,245,350 (2.23)%
1990 305,253,014 208 26.06% 8,474,577 48.85% 49,268,906 8.89%
1991 333,109,050 129 (37.98)% 6,638,080 (21.67)% N/A N/A
1. Construction activity data from City of Wylie records. Not available prior to 1983.
2. Building permits in 1983 for nine months ended September 30, 1983.
3. Bank deposits from banks in Wylie.
4. As a result of takeovers, mergers, and branch banking in Texas' banking industry, bank deposit information for 1991 is not available.
120
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TABLE 14
CITY OF WYLIE, TEXAS
PRINCIPAL TAXPAYERS
SEPTEMBER 30, 1991
(Unaudited)
Name Of Taxpayer Type Of Business 1991 Taxable Value % of Total Taxable Value
1. Sanden International Manufacturing $31,701,900 9.52%
2. Sanden International (USA) Inc Manufacturing 21,530,842 6.46%
3. Cambridge Income Fund Real Estate/Develop. 8,780,000 2.64%
4. Holland Hitch Of Texas, Inc. Manufacturing 7,403,682 2.22%
5. General Telephone Telephone Utility 4,545,852 1.36%
6. Texas Utilities Electric Electric Utility 4,342,205 1.30%
7. Extruders Div. of Fojtasek Manufacturing 4,067,416 1.22%
8. RDM Development, J.V. Land Development 3,317,500 1.00%
9. Wylie Community Hospital Hospital 3,118,198 0.94%
10. Thirsk, Inc. Land Development 2,691,335 0.81%
11. Ladylike Shop, Inc. Manufacturing 2,286,235 0.69%
12. Lyons Investment Co., Inc. Land Development 2,256,925 0.68%
13. Alumet Corporation Land Development 2,023,980 0.61%
14. Ten Gallon Land Company Land Development 1,695,526 0.51%
15. Amwest Savings Association Land Development 1,510,951 0.45%
16. Melvin K. St. John Land Development 1,380,000 0.41%
17. Karan Associates Nursing Home 1,335,458 0.40%
18. Centennial Homes, Inc. Land Development 1,279,923 0.38%
19. First State Bank Wylie Banking Services 1,449,486 0.44%
20. HCW, Inc. Health Care 1,199,592 0.36%
Total Taxable Value of
20 Largest Taxpayers 107,917,006 32.40%
Total Taxable Value of
Other Taxpayers 225,192,044 67.60%
Total Taxable Value $333,109,050 100.00%
1. Source: Central Appraisal District of Collin County.
121
TABLE 15
CITY OF WYLIE, TEXAS
MISCELLANEOUS STATISTICAL DATA
SEPTEMBER 30, 1991
(Unaudited)
Date of Incorporation: 1887
Date Home Rule Charter Adopted: January 19, 1985
Form of Government: Council-Manager
Area - Square Miles 29.65 29.65 Municipal water plant: Collin City of
Miles of street: Customers 3,363 Employment Data (1): County Wylie
Improved 35.20 Avg. daily consumption (gal.) 961,451 Civilian labor force 121,373 2,554
Unimproved 5.00 Miles of water main 51 Employed 114,317 2,396
Fire hydrants 235 Unemployed 7,056 158
Miles of sanitary sewer 74.30 Rate of unemployment 5.80% 6.20%
City employees:
Building permits (1990-91): Full time
64 Education-Wylie I.S.D. (2):
Permits issued 129 Part time/seasonal 11 Campuses in Wylie 5
Value S6,638,080 Classroom teachers 176
Fire protection: Students enrolled 2,772
Police protection: Stations 2 Average daily attendance 2,457
Employees (regular) 19 Employees (volunteer) 27
Employees (futltime) 1 Recreation:
Registered voters (est.) 3,924 Parks 4
Estimated population 9,341 Acres 52.3
1. Employment data from Texas Employment Commission. City of Wylie data interpolated from Collin County data.
2. Education data from office of the superintendent, Wylie Independent School District.
3. All other data from City of Wylie records.
122
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TABLE 16
CITY OF WYLIE, TEXAS
LARGEST WATER UTILITY CUSTOMERS
SEPTEMBER 30, 1991
(Unaudited)
Water
Consumption
Name of Customer Type of Business
(In Gallons)
1. Sanden International Inc. Manufacturing 49,332,007
2. Nortex Nursery Plant, tree nursery 9,590,000
3. Rustic Oak Apartments Apartment Complex 8,050,709
4. Wylie Butane Park Mobile Home Park 7,826,750
5. Physicians Regional Hospital Community Hospital 7,204,500
6. Wylie Independent School District Educational Facilities 7,059,249
7. Glen Knoll Park Mobile Home Park 6,760,500
8. Southfork Park Mobile Home Park 5,903,300
9. Oklahoma Animal By-products Inc. Meat and Animal Processing 5,595,100
10. Lakeside Village Apartments Apartment Complex 4.205,870
Total Water Consumption -
Ten Largest Customers 111,527,985
Total Water Consumption -
Other Customers 239,401,727
Total Water Consumption -
All Customers 350.929,712
1. Source: City of Wylie utility records.
123
TABLE 17
CITY OF WYLIE, TEXAS
SCHEDULE OF WATER AND SEWER RATES
SEPTEMBER 30, 1991
(Unaudited)
Rates for Water Service:
For all customers within the corporate limits of the City of Wylie, Texas:
Monthly minimum charge (first 1,000 thousand gallons of metered water consumption) $4.84
Volume charge for consumption of 1,001 to 2,000 gallons per month (per 1,000 gallons) 1.82
Volume charge for all consumption exceeding 2,000 gallons per month (per 1,000 gallons) 2.55
Rates for Sewer Service:
For residential customers:
Monthly minimum charge (first 1,000 thousand gallons of metered water consumption) 10.00
Volume charge for all consumption exceeding 1,000 gallons per month (per 1,000 gallons) 1.45
Maximum monthly charge of $30.30
Plus: Wastewater treatment plant pass-through charge per month for consumption
exceeding 2000 gallons 2.31
For non-residential customers:
Monthly minimum charge of $14.00, with no maximum monthly charge.
Plus: Wastewater treatment plant Pass-through charge per month 4.81
1. Source: City of Wylie utility records.
124
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1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
TABLE 18
CITY OF WYLIE, TEXAS
SCHEDULE OF INSURANCE IN FORCE
SEPTEMBER 30, 1991
(Unaudited)
Coverage Period
Underwriter Policy No. From To Policy Type Coverage Amount Annual Premium
1. Union Ins. Co. DP0930164 05/03/91 05/03/92 Computer $90,000 $1,054
2. Tudor Ins. Co. P158538 07/11/91 07/11/92 Public Officials liability $1,000,000 $6,315
3. Hartford Ins. Co. 46SR234389 03/30/91 03/30/92 Police Reserve Accident $10,000 $310
4. Lawyers Surety Gp. POB-0819706 09/30/90 09/30/93 Tax Collector Bond $50,000 S675
5. Amer. States Ins. Co. EX-801-004 05/03/91 05/03/94 Public Officials Bond $250,000 $2,667
6. Amer. States Ins. Co. EX-707892 05/03/91 05/03/94 Employee Blanket Bond $100,000 $1,675
7. Union Ins. Co. TA232-4350 03/22/91 03/22/92 Vehicle Coverage $250,000/500,000/100,000 $22,666
8. Union Stan. Ins. Co. IM026-2682 10/01/91 10/01/92 Equipment Floater $306,750 $3,528
9. Union Stan. Ins. Co. TP170-3824 04/14/91 04/14/92 General Liability $1,000,000 per occurrence $21,582
$2,000,000 aggregate
Fire Coverage-Buildings/Contents $3,578,000 $7,614
Valuable Papers/Records $200,000 $90
10. Hartford Ins. Co. 46UP530573 04/15/91 04/15/92 Vol. Firemen-Accident Death/Med. $100,000/$50,000 $2,991
11. National Casualty Co. PL200355 04/14/91 04/14/92 Police Professional Liability $1,000,000 $14,961
12. TML Risk A05345 10/01/91 10/01/92 Workers Compensation Meets State requirements $104,348
13. Cigna Health CHP-1021074 02/01/91 02/02/91 Employee Group Insurance Health $124,420
14. Cigna Dental TX 1197 02/01/91 02/02/91 Employee Group Insurance Dental $8,648
15. LINA GL-16245 02/01/91 02/02/91 Employee Group Insurance Life and added $17,977
125