1985 Annual Financial ReportCITY OF BANGER, TEXAS
ANNUAL FINANCIAL REPORT
YEAR ENDED AUGUST 31, 1985
ELECTED CITY OFFICIALS
CITY COUNCIL
Nel Armstrong, Mayor
Jerry Jenkins, Alderman
Carolyn Adkins, Alderman
Freddy Inman, Alderman
Danny Spindle, Alderman
Harvey W. Thomas; Alderman
APPOINTED OFFICIALS
Steven Shutt, City Manager
Mary Jo Stover, City Secretary and Tax Assessor -Collector
CITY OF BANGER, TEXAS
TABLE OF CONTENTS
Page
Accountant's Report on Financial Statements and
Supplemental Schedules A-1
FINANCIAL STATEMENTS
Combined
Combined Balance Sheet - All Funds �B-1
Combined Schedule of Bonds Payable B-2
General Fund
Balance Sheet C-1
Statement of Changes in Fund Balance C-2
Statement of Revenue - Estimated.�and Actual C-3
Statement of Expenditures and Encumbrances
Compared with Authorizations C-4
Utility Fund
Balance Sheet D-1
Statement of Revenue and Expenses D-2
Statement of Changes in Retained Earnings
and Fund Balance D-3
Sanger Electric Fund
Balance Sheet E-1
Tax and Warrant Interest and Sinking Fund
Balance Sheet F-1
Statement of Cash Receipts and Disbursements F-1
Capital Projects Funds
Balance Sheet G-1
Statement of Receipts and Disbursements G-2
Payroll Fund
Balance Sheet H-1
Revenue Sharing Fund
Balance Sheet I-1
Statement of Revenues - Estimated and Actual I-2
General Funded Debt
Statement of General Funded Debt J-1
General Fixed Assets
Statement of Changes in General Fixed Assets - By Source K-1
CITY OF SANGER, TEXAS
TABLE OF CONTENTS
(continued)
NOTES TO THE FINANCIAL STATEMENTS
Notes to the Financial Statements
SUPPLEMENTAL SCHEDULES
General Fund
Detail Schedule of Expenditures and Encumbrances
Compared with Authorizations
Schedule of Revenue - Esti3t!ated and Actual
Summary Schedule of Expenditures - Estimated and 'Actual
Detail Schedule of Expenditures - Estimated and Actual
STATISTICAL SECTION
Property Tax Levies and Collections
Utility Revenue Bonds - Principal and Interest Requirements
Utility Rates
MASTON A. WRIGHT
CERTIFIED PUBLIC ACCOUNTANT
623 FIRST STATE BANK BLDG,
DENTON, TEXAS 76201
817/387-8721
Mayor and City Council
City of Sanger, Texas
MEMBER:
AMERICAN INSTITUTE
CERTIFIED PUBLIC ACCOUNTANTS
December 4, 1985
We have examined the financial statements of the various funds and account
groups of the City of Sanger, Texas, for the year ended August 31, 1985, listed in
the foregoing table of contents. Except as explained in the following paragraph, our
examination was made in accordance with generally accepted auditing standards and,
accordingly, included such tests of the accounting records and such other auditing
procedures as we considered necessary in the circumstances.
In our opinion, such financial statements present fairly the financial
position of the various funds and account groups of the City of Sanger, Texas, at
August 31, 1985, and the results of operations of such funds for the year then
ended in conformity with generally accepted accounting principals applied on a
basis consistent with that of the preceeding year. It is our further opinion that
the accounting requirements of the bond ordinances for the revenue bond issues have
been met.
The accompanying supplemental schedules and statistical section listed in
the foregoing table of contents are not considered essential for the fair presentation
of financial position, results of operations, or changes in financial position in
conformity with generally accepted accounting principles, but are presented as
additional analytical data. This information has been subjected to the audit
procedures applied in the examination of the financial statements mentioned
above and, in our opinion, is.fairly stated in all material respects in relation
to the financial statements taken as a whole.
Maston A. Wright, CPA
Cash
Investments
Accounts Receivable
Taxes Receivable
Interest Receivable
Other Receivable
Due from Other Funds
Prepaid Expenses
Restricted Assets
Fixed Assets (Net)
Accumulated Deficit of
Amount to be Provided
Inventory
Total Assets
CITY OF SANGER, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS
AUGUST 31, 1984 and 1985
ASSETS
Sanger Electric System
for Retirement of Bonds
Certificate of Obligation
Accounts Payable
Accrued Liabilities
Due to Other Funds
Deposits
Other Liability
General Obligation. Bonds Payable
Notes Payable
Revenue Bonds Payable
Total Liabilities
LIABILITIES
RESERVES, FUND BALANCES
1984 1985
$ 59,119 $ 129,523
323,614 253,732
216,104 269,225
24,588 30,407
2,314 2,704
26,417 -0-
605 870
9,814 5,312
198,976 151114,326
25%427,904 2,733,446
50,279 -0-
105,000 75,000
-0- 47,743
$ 3,4441734 $ 4,6621288
$ 15,845 $ 22,564
159,860 184,551
28,481 28,035
605 870
49,248 65,899
4,639 10,672
105,000 75,000
-0- 161,423
1,1851000 1�970,000
$ 11548,678 $ 2�519,014
AND SURPLUS
Contingent Liabilities I-0-
Reserves:
Reserve for Uncollected Taxes -Delinquent 24,588 309407
Revenue Bond Debt Service 1422131 144,793
Contributions 161,263 166,543
Fund Balances 210,910' (162693)
Investment in General Fixed Assets 554,58T 882,453
Retained Earnings 802,577 9352771
Total Reserves, Fund Balances, and Surplus $ 1,8962056 $ 29143,274
Total Liabilities, Reserves, Fund Balances
and Surplus $ 314442734 $ 42662,288
These financial statements and accompanying notes are subject to the accountant's
opinion.
B-1
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O1
CITY OF BANGER, TEXAS
GENERAL FUND
BALANCE SHEET
AUGUST 31, 1984 and 1985
Cash
Investments
Due from Other Funds:
Payroll
Taxes Receivable - Delinquent
Interest Receivable
Prepaid Insurance
Due from State Wildlife
Total Assets
ASSETS
19 84
$ 5,708
137,190
-0-
24,588
871
4,858
26,417
F�
LIABILITIES, RESERVES, AND FUND BALANCE
1985
$ 16,849
26,132
870
30,407
278
5,312
-0-
$ 79,848
Accounts Payable $ -0- $ 13,479
Notes Payable -0- 88,689
Due �o Payroll 557 -0-
Reserve for Uncollected Taxes - Delinquent 24,588 30,407
Fund Balance 174,487 (52,727
Total Liabilities, Reserves, and Fund Balance $ 199,632 $ 79,848
These f inanci��l �aatements and accompanying notes are subject to the accountant's opinion.
C-1
CITY OF SANGER, TEXAS
GENERAL FUND
STATEMENT OF CHANGES IN FUND BALANCE
FOR THE YEARS ENDED AUGUST 31, 1984 and 1985
Balance, Beginning of Year
Prior Year Adjustment: to Fund Balance
Adjusted Beginning Fund Balance
Revenues
Expenditures
Excess of Expenditures over Revenues
Less: Loan Proceeds for Equipment
Balance, End of Year
1984 1985
$ 119,443 $ 174,487
(6,672) (89158)
112,771 166,329
$ 518,136 $ 619,194
(456,420) (7612561)
61,716 (142,367)i
(76,689)
$ 174,487 $ (52,727)
These financial statements and accompanying notes are subject to the accountant's opinion.
C-2
CITY OF SANGER, TEXAS
GENERAL FUND
STATEMENT OF REVENUE - ESTIMATED AND ACTUAL
(Rounded to the nearest dollar)
FOR THE YEAR ENDED AUGUST 31, 1985
(Over)
Final Under
Budget Actual Budget
General Property Taxes:
Taxes $ 209,740
Penalty and Interest 4,946
Total $ 217,900 $ 214,686 $ 3,214
City Sales Tax $ 45i000 $ 71?519 $ (26,519)
Loan Proceeds for Equipment 761689 (76,689)
Charges for Services:
Sanitation Service $ 103,402
Use of Equipment -0-
Total $ 97,000 $ 103,402 $ (61402),
Appropriation from Utility Fund $ -0- $ 30L808 $ (30�808)
Revenue Sharing Transfer � -0- $ 4,027 (4,027)
Other Revenues:
Rental
Fines 26,823
Franchise Tax 182278
Occupation Tax and Permits 5,091
Other Fees and Permits 79510
Dump Ground 11,515
Tax Certificates 716
Interest 5,089
Miscellaneous, Insurance 169945
Grants 225571
Total $ 38 X0 $ 1182063 $ (80,063)
Total Revenues $ 397,900 $ 619,194 $ (221,294)
These financial statements and accompanying notes are subject to the accountant's opinion.
C-3
CITY OF SANGER, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
(Rounded to the Nearest Dollar)
FOR THE YEAR ENDED AUGUST 31, 1985
Administrative
Fire Department
Police Department
Street Department
Sanitation Department
Park Department
Appropriation to Other Funds
Total
Final
Budget
$ 12411
23,540
109,060
66,950
94,336
5,972
41,600
$ 466,180
Actual
$ 120,974
113,325
126,467
219,826
108,640
24,329
48,000
$ 761,561
(Over)
Under
Budget
$ 3,748
(89,785)
(17,407)
(152,876)
(14,304)
(18,357)
(6 z400)
These fin.�.ncial statements and accompanying notes are subject to the accountant's opinion.
C-4
CITY OF SANGER, TEXAS
UTILITY FUND
BALANCE SHEET
AUGUST 31, 1985
ASSETS
Current Assets
Cash $ 952743
Investments 196,955
Accounts Receivable
(Net of Allowance for Bad Debt) 269,225
Inventory 47,743
Interest Receivable 2,426
Total Current Assets
Restricted Assets
Revenue Bond Debt Service
Investment $ 206,908
Interest Receivable 112315
Revenue Bond Constructioi.
Cash 122,053
Investment 728,083
Interest Receivable 63,047
Customer Deposits 39,920
Total Restricted Assets
Fixed Assets
Electric Plant $ 1,336,389
Water System 936,234
Sewer System 596,661
Furniture and Equipment 104,149
Easement 1,500
Less: Accumulated Depreciation (1,123i940)
Total Fixed Assets
Total Assets
$ 612,092
1,114,326
$ 3,577,411
These financial statements and accompanying notes are subject to the accountant's opinion
D-1
CITY OF SANGER, TEXAS
UTILITY FUND
BALANCE SHEET
AUGUST 31, 1985
(continued)
LIABILITIES
Current Liabilities
(Payable from Current Assets)
Due to Payroll Account $ -0-
Account Payable 171,072
Consumer Deposits 652899
Notes Payable - Current Portion 11,500
Certificate of Obligation 10,564
Total Payable from Current Assets
(Payable from Restricted Assets)
Accrued Revenue Bank Interest Payable $ 28,035
Revenue Bonds Payable - Current Portiou 709000
Total Payable from Restricted Assets
Total Current Liabilities
Other Liabilities
Revenue Bonds Payable $ 1,970,000
Less: Current Portion (70,000)
Notes Payable 84,734
Less: Current Portion (11,500)
Total Other Liabilities
Contributions
Customers
Others (Grant)
Total Contributions
Retained Earnings and Fund Balance
Total Liabilities
$ 89,633
76,910
$ 259,035
98,035
$ 357,070
1,973,234
166,543
1,080,564
$ 3,577,411
These financial statements and accompanying notes are subject to the accountant's opinion.
D-1
CITY OF BANGER, TEXAS',
UTILITY FUND
STATEMENT OF REVENUE AND EXPENSE
FOR THE YEARS ENDED AUGUST 31, 1984 and 1985
Operating Revenue:
Electricity Sales
Water Sales
Sewer Charges
Sale of Material
Miscellaneous
Total Operating Revenues
Operating Revenue Deductions:
Sanger Electric System
Water Department
Less: Utilities Expense and
Capital Outlays � .
Sewer- Department
Less: Utilities Expense and,
Capital Outlays
Total Operating Revenue Deductions
Operating Revenue before Depreciation
Depreciation
Operating Revenue
Non -Operating Revenue
Interest Earnings
Non -Operating Expense
Interest Expense and
Fees on Revenue Bonds
Transfer to Other Funds
Net Revenue
1984 1985
$ 1,420,262 $ 1,632,306
218,330 239,546
81,754 111,428
5,105 15,375
27,843 17,946
$ 1,753,294 $ 2,016,601
$ 1,252,054 $ 1,495,792
79,543 81,349
1•i 1 •
.. .• .► .1
$ 386,599 $ 392,441
• 111
$ 293,599 $ 266,890
19,473 6_,199
$ 275,158 $ 329,089
'(97,194) (112,954)
(47,589) (30,000)
$ 130,375 $ 186,135
These financial statements and accompanying notes, are subject to the accountant's opinion.
f
CITY OF BANGER, TEXAS
UTILITY FUND
STATEMENT OF CHANGES IN RETAINED EARNINGS AND FUND BALANCE
FOR THE YEAR ENDED AUGUST 31, 1985
Balance, Beginning of Year
Correction in Fund Balance
Elimination of Accumulated
Deficit of Sanger Electric
Add: Net Revenue
Balance, End of Year
Retained
Earnings
$ 802,577
(2,105)
(50,279)
185.578
$ 935,711
Bonn Debt
Service
$ 142,131
2,105
557
$ 144L793
Tatal
$ 944,708
-0-
(50,279)
186 ,135
$1,080,564
These financial statements and accompanying notes are subject to the accountant's opinion.
D-3
CITY OF SANGER, TEXAS
BANGER ELECTRIC SYSTEM
BALANCE SHEET
AUGUST 31, 1985
ASSETS
Current Assets
Cash $ 36,997
Accounts Receivable
(Net of Allowance for Bad Debt) 219,813
Inventory 47,743
Total Current Assets
Restricted Assets
Customer Deposits 39,920
Total Restricted Assets
Fixed Assets
Electric Plant $ 1,336,389
Furniture and Equipment 4520,61
Less: Accumulated Depreciation (494,258
Total Fixed Assets
Total Assets
$ 304,553
39,920
887,192
$ 1,231,665
These financial statements and accompanying notes are subject to the accountant's opinion.
E-1
CITY OF SANGER, TEXAS
BANGER ELECTRIC SYSTEM
BALANCE SHEET
AUGUST 319 1985
(continued)
LIABILITIES
Current Liabilities
(Payable from Current Assets)
Account Payable $ 1582920
Consumer Deposits 39,920
Note Payable (Current Portion) 11,500
Total Current Liabilities $ 210,340
Other Liabilities
Note Payable 84,734
Less: Current Portion (11,500)
Total Other Liabilities 73,234
Contributions
Customers 25,314
Total Contributions 25,314
Retained Earnings 922,777
Total Liabilities $ 1,231,665
These financial statements and accompanying notes are subject to the accountant's
opinion.
E-1
Investment
Investment
Interest Receivable
Total Assets
Fund Balance
CITY OF SANGER, TEXAS
TAX AND WARRANT INTEREST AND SINKING FUND
BALANCE SHEET
AUGUST 31, 1984 and 1985
ASSETS
1984
$ 19,789
173
19,962
LIABILITIES AND FUND BALANCE
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
FOR THE YEAR ENDED AUGUST 31, 1984 and 1985
1985
$ 28,755
-0-
Receipts:
Interest $ 1,194 $ 1,503
Appropriation from General Fund 44,745 485000
Total Receipts $ 455939 $ 49,503
Disbursements
Bond Retirements $ 25,000 $ 30,000
Interest Payments 13,100 10,600
Agent's Fees/Bank Charges 100 110
Total Disbursements $ 38,200 $ 40,710
Excess of Receipts over Disbursements $ 7,739 $ 8,793
Cash Balance, Beginning of Year 12,223 199962
Cash Balance, End of Year $ 19,962 $ 289755
These financial statements ;..nd accompanying notes are subject to .the accountant's opinion.
F-1
CITY OF SANGER, TEXAS
CAPITAL PROJECTS FUNDS
BALANCE SHEET
AUGUST 31, 1985
ASSETS
Municipal Building
Total Assets
FUND BALANCE
Fund Balance
1973
General
Obligations
Improvements
$ 22,097
22.097
$ 22,097
These finan�:ial statements and accompanying notes are subject to the accountant's opinion.
G-1
CITY OF SANGER, TEXAS
CAPITAL PROJECTS FUNDS
STATEMENT OF RECEIPTS AND DISBURSEMENTS
FOR THE YEAR ENDED AUGUST 31, 1985
Total
All Funds
Initial Project Authorization $ 50,000
Fund Balance, Beginning of Year $ 225097
Add: Municipal Building 22,097
Deduct: Construction Project (22,097)
Fund Balance, End of Year $ 22,097
These financial statements and accompanying notes are subject to the accountant's opinion.
G-2
CITY OF SANGER, TEXAS
PAYROLL FUND
BALANCE SHEET
AUGUST 31, 1984 and 1985
ASSETS
1985
Cash
Prepaid Insurance 85 -0-
Due from Other Funds 605 -0-
Total Assets $ 5,954 $ 12,857
LIABILITIES AND FUND BALANCE
Payroll Taxes Payable $ 3,922 $ 7,404
Other Payable (Insurance, Credit Union) 717 35,268
Due to Other Funds -0- 870
Fund Balance (Deficit) 1,315 1,315
Total Liabilities and Fund Balance $ 5,954 $ 12,857
These financial statements and accompanying notes are subject to the accountant's opinion.
H-1
CITY OF SANGER, TEXAS
REVENUE SHARING FUND
BALANCE SHEET
AUGUST 31, 1984 and 1985
ASSETS
1984 1985
Cash $ 32613 $ 4,074
Investments 11,255 1,890
Interest Receivable 47 -0-
Total Assets $ 14,915 $ 5,964
Fund Balance
LIABILITIES AND FUND BALANCE
$ 14,915 $ 5,964
........... _._.
ANALYSIS OF CHANGES IN FUND BALANCE
FOR THE YEARS ENDED AUGUST 31, 1984 and 1985
1984
Balance, Beginning of Year $ 81639
Add: Excess of Revenues over Expenditures
Revenue 14,911
Expenditures (82635)
Total $ 6,276
Balance, End of Year $ 14z915
1985
16,281
(25,232)
$ (81951)
$ 5,964
These financial statements and accompanying notes are subject to the accountant's opinion.
CITY OF BANGER, TEXAS
REVENUE SHARING FUND
STATEMENT OF REVENUE - ESTIMATED AND ACTUAL
(Rounded to the nearest dollar)
FOR THE YEAR ENDED AUGUST 31, 1985
Fifteenth Entitlement Period
Sixteenth Entitlement Period
Interest Income
Total
Final
Budget. .
9,500
-0-
$ 9,500
Actual
$ 3,571
12,515
195
$ 16,281
SUMMARY STATEMENT OF EXPENDITURES
COMPARED WITH AUTHORIZATIONS
FOR THE YEAR ENDED AUGUST 31, 1985
Final
Budget
Capital Expenditures:
Environmental Protection $ 1,500 $
Public Safety 14,935
Total Capital Expenditures $ 16,435
Actual
217
25,015
25,232
(Over)
Under
Budget
(6,586)
(195)
$ (6,781)
(Over)
Under
Budget
$ 1,283
(10,080)
$ (8,797)
These financial statements and accompanying notes are subject to thEe accountant's opinion.
I-2
CITY OF SANGER, TEXAS
STATEMENT OF GENERAL FUNDED DEBT
AUGUST 31, 1984 and 1985
ASSETS
1984
Amounts to be provided for Retirement of Debt $ 105,000
Total Assets $ 105�000
LIABILITIES AND FUND BALANCE
Warrants Payable $ -0-
General Obligation Bonds Payable 105,000
Total Liabilities and Fund Balance
105,000
1985
75,000
$ 75,000
These financial statements and accompanying notes are subject to the accountant's opinion.
J-1
CITY OF SANGER, TEXAS
STATEMENT OF CHANGES IN GENERAL FIXED ASSETS - BY SOURCES
(Rounded to the Nearest Dollar)
FOR THE YEAR ENDED AUGUST 31, 1985
Total Land
General Fixed Assets
Beginning of Year $ 554,587 $ 582683
Deletions
Additions
Expenditures from
General 327,866
General Fixed Assets
End of Year $ 882,453 $ 585683
Improvements Machinery
Other Than and
Building Building Equipment
$ 125,945 $ 225,014 $ 144,945
221,563 106,303
$ 125�945 $ 446,577 $ 251,248
These financial statements and accompanying notes are subject to the accountant's opinion.
K-1
CITY OF SANGER, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
AUGUST 31, 1985
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accounting policies of the City of Sanger, Texas, conform
accepted accounting principles as applicable to governmental units.
a summary of significant policies$
Basis of Accounting
to generally
The following is
The accounting records for general governmental operations are maintained on a
modified accrual basis. Revenues are recorded on the cash basis, except for property
taxes, which are accrued. Delinquent taxes receivable at year-end are fully reserved.
Expenditures are recorded at the time of payment. Unrecorded general fund payables at
year-end are not accrued since such amounts are not material.
The financial statement for utility and enterprise operations are reflected on
an accrual basis.
Investments
Investments are stated at cost.
Fixed Assets and Depreciation
Fixed Assets are recorded on the basis of original cost. Fixed assets, except
for those recorded in the Utility Fund, are presented as General Fixed Assets with no
depreciation recorded. Depreciation on fixed assets of the Utility Fund ha= been
determined by the straight-line method.
Accounting for San er Electric System
The records of Sanger Electric System have been maintained as if the system
were a separate entity. The net assets and the results of operations c:f the electric
system are included with other utility operations in these financial statements. All
intrafund accounts and transactions have been eliminated.
2. FIRST LIEN AND PLEDGE OF THE NET REVENUES OF THE UTILITY BOARD
The Utility Revenue Bonds are secured by a first li-en and pledge on the net
revenues of the Utility Fund.
The9e financial statements and accompany2ng notes are subject to the accountantts opinion.
L-1
CITY OF SANGER, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
(Continued)
AUGUST 31, 1985
3. DEBT SERVICE REQUIREMENTS
The City is required under provision of revenue bond ordinances to maintain
interest and sinking funds adequate for payments of interest and principal on the revenue
bonds, and to establish reserve and emergency funds which are to be used only for
payment of interest and principal in the event there are not sufficient funds available
in the required interest and sinking funds. For the year ended August 31, 1985, the
required interest and sinking funds were adequately maintained.and the required amounts
of reserve and emergency funds had been established.
4. CERTIFICATES OF OBLIGATION/NOTE PAYABLE
Certificates of Obligation consisted of the following:
Original
Description, Use Amount
First National Bank Emergency $ 36,972
of Sanger Public Impr_.
First National Bank
of Sanger Senior Center 12 XO
Note Payable consisted of the following:
First National Bank
of Sanger
Gruman Emergency
Products, Inc.
Total
5. SECURITY BOND
ic
Electr
Inven. Equip.
Fire Truck
The First National Bank of Sanger operates as
City of Sanger. The First National Bank of Sanger
as security for the City's cash accounts.
96,500
76.688
$ 222,160
Current
Amount
$ 10,563
12,000
84,734
76,688
$ 183,985
the repository bank for the
pledged bonds totaling $927,751
L-1
CITY OF SANGER, TEXAS
GENERAL FUND
DETAIL SCHEDULE OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
FOR THE YEAR ENDED AUGUST 31, 1985
Administrative:
Salaries and Wages
Supplies
.Maintenance
Telephone
Insurance
Ambulance Service
Legal and Accounting
Advertising
Utilities
City Council Fees and Expenses
Tax Assessing and Collecting
Expenses
Contract Labor
Election Expense
Dues and Subscriptions
Rents
Other
Travel and Fees
Fire Department:
Salaries and Wages
Supplies
Maintenance
Other Charges
Capital Outlay
$ 7 5 It
2,525
3,350
$ 43,250
$ 124,722
1,440
1,150
4,050
9,900
7 , 000
23,540
2,334
2,967
2,044
3,222
7,375
6,369
131
3,773
2,686
5,218
3,495
394
1,397
2,109
2,911
2,982
$ 44,106
$ 120,974
1,462
3,667
10,895
95,861
113,325
(Over)
Under
Budget
191
383
$ (856)
(312)
383
(995)
(88�861)
$ (89,785)
These financial statements and accompanying notes are subject to the accountant's opinion.
M-1
CITY OF SANGER, TEXAS
GENERAL FUND
DETAIL SCHEDULE OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
(Continued)
FOR THE YEAR ENDED AUGUST 31, 1985
(Over)
Final Under
Budget Actual Budget
Police Department:
Salaries $ 86,510 $ 83,208 $ 3,302
Supplies 19350 3,549 (29199)
Maintenance 8L450 4,551 33,899
Telephone 1,827
Insurance 5,812
Judge Fees 1,275
Utilities 3,110
Court Costs/Other 3,196
Gasoline 7,152
Other Charges 2,713
$ 12,750 $ 25,085 $$ (12� 335)
Capital Outlay -0- 102074 (10,074)
$ 109 �060 $ 1269467 $ (17,407)
Street Department.
Supplies $ 300 $ 386 $ (86)
.Maintenance -Streets 1,700 462 1,238
Maintenance -Equipment 5,950 1,331 4z619
Gasoline 2,127
Insurance 987
Utilities 11,120
Contract Labor and Hauling 407
Miscellaneous 212
$ 20,500 $ 145853 $ 5,647
Capital Outlay $ 385500 $ 202,794 $ (164,294)
$ 66,950 $ 219,826 $ (152,876)
These financial statements and accompanying notes are subject tothe.accoi�ntant's opinion.
M-2
CITY OF BANGER, TE}SAS
GENERAL FUND
DETAIL SCHEDULE OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
(continued)
FOR THE YEAR ENDED AUGUST 31, 1985
Sanitation Department:
Salaries and Wages
Supplies
Maintenance - Landfill
Maintenance - Equipment
Insurance
Contract Labor/Collection
Special Services
Gasoline
Other Charges
Capital Outlay
Park Department, Planning, Zoning,
Other
Supplies
Maintenance
Other Charges
Capital Outlays
Appropriations to Other Funds
General Obligation, Interest
and Sinking Fund
Final
Budget
$ 42� 236 .
$ 900
22,700
9,000
$ 12,000
$ 7,500
$ 94,336
Actual
$ 22,530
1 L251
379
8,556
1,470
63,717
2,892
5,794
1i683
$ 75,556
$ 368
1 : • 1
$ 400 $ 490
2,800 2,808
2,772 2,262
-0- 18� 769
$ 5,972 $ 24,329
41,600 $ 48,000
(Over)
Under
Budget
$ 19,706
(351)
22,321
444
$ (63,556)
7.132
$ (14,304)
$ (90)
(8)
510
(18,769)
$ (18,357)
$ (6,400)
These financial statements and accompanying notes are subject to the accountant's opinion.
M-3
CITY OF SANGER, TEXAS
SANGER ELECTRIC/UTILITY FUND
SCHEDULE OF REVENUE - ESTIMATED AND ACTUAL
(Rounded to the Nearest Dollar)
FOR THE YEAR ENDED AUGUST 311, 1985
Final
Budget
Actual
(Over)
Under
Budget
Electricity Sales $ 1,460,968 $ 1 693,630 $ (232,662)
Water Sale.: $ 187,000 $ 239,546 $ (52,546)
Sewer Charges 78,000 111,428 (33,428)
Sales of Material 39000 15,375 (12,375)
Miscellaneous 8,500 6,314 (2,186)
Interest 4,000 62,199 (58,199)
$ 2802500 $ 434�862 $ (154,362)
These financial statements and accompanying notes are subject to the accountant's opinion.
N-1
CITY OF SANGER, TEXAS
UTILITY FUND
SUMMARY SCHEDULE OF EXPENDITURES - ESTIMATED AND ACTUAL
FOR THE YEAR ENDED AUGUST 31, 1985
Final
Budget
Actual
(Over)
Under "
Budget
Sanger Electric System $.l2312,543 $1;540,853 $ (228,310)
Water Department $ 119,599 $ 121,277 $ (1,678)
Sewer Department 55,507 71,388 (15,881)
Debt Service 157,368 1782235 (20,867)
$ 332,474 $ 370,900 $ (38,426)
Sanger Electric.
Transfer to General Fund
$ 5�475
$ 133,402
DETAIL SCHEDULE OF EXPENDITURES - ESTIMATED AND ACTUAL
FOR THE YEAR ENDED AUGUST 31, 1985
(Over)
Final Under
Budget Actual Budget
Water Department
Salaries and Wages $ 50,249 $ 48,853 $ 1,396
Supplies 3,500 59384 (1,884)
Repairs and Maintenance 18,250 14,250 4,000
Other Charges 7,475 t2j862, (5>,387)
Utilities 319000 323174 (1,.174)
Capital Outlays 9,125 7,754 11371
$ 1192599 $ 1219277 $ (1�678)
These financial statements and accompanying notes are .subject to the accountant's opinion.
N-2
CITY OF SANGER, TEXAS
UTILITY FUND
DETAIL SCHEDULE OF EXPENDITURES - ESTIMATED AND ACTUAL
(continued)
FOR THE YEAR ENDED AUGUST 31, 1985
Sewer Department:
Salaries and Wages
Supplies
Repairs and Maintenance.
Other Charges
Utilities
Capital Outlay
Debt Service:
Revenue Bonds/Fees
Certificate of Obligation
Capital Improvements - Sanger Electric
(over)
Final Under
Budget Actual Budget
$ 18,962 $ 18,462 $ 500
2,825 4,4,86 (12661)
102800 16,550
52420 7,521 (2,101)
13,500 17,518 (4,018)
4,000 6i851 (21851)
$ 55,507 $ 71,388 $ (15,881)
$•157,368 $ 172,954 $ (15,586)
-0- 59281 (52287)
$ 157,568 $ 178�235 $ (20,867)'
$ 5,475
These financial statements and accompanying notes are subject to the accountant's opinion.
N-3
CITY OF BANGER, TEXAS
PROPERTY TAX LEVIES AND COLLECTIONS
YEAR ENDED AUGUST 31, 1985
Tax Assessed .Tax Current � Total
Year Value Levy Collections Percent Collections Percent
1971 $ 3,768,411 $ �22,606 $ 20,�418 90.32% $ 21,509 95.15%
1972 4,029,693 24,165 22,760 94.19% 23,938 99.06%
1973 4,519,878 27,119 24,482 90.28% 25,100 92.56%
1974 5,411,061 32,466 29,088 89.60% 29,907 92.12%
1975 5,974,913 35,846 33,067 92.25% 36,040 100.54%
1976 6,478,717 38,873 35,643 91.69% 39,244 100.96%
1977 6,782,337 40,694 37,601 92.40% 39,885 98.00%
1978 7,740,725 46,444 41,947 90.30% 44,368 95.50%
1979 8,655,680 60,821 52,391 86.10% 54,643 89.80%
1980 9,597,514 65,951 58,384 88.50% 64,036 97.10%
1981 21,378,529 106,870 99,068 92.70% 107,144 100.30%
1982 40,919,840 184,139 172,019 93.42% 177,936 96.63%
1983 43,073,043 202,443 192,500 95.09% 205,226' 101.37%
1984 44,445,069 215,559 205,218 95.20% 209,739 97.30%
Tax Rate:
1971-1977 $ .60
1978-1980 .70
1981 .50
1982 .45
1983 .47
1984 .485
These financial statements and accompanying notes are subject to the accountarit.'s opinion.
0-1
CITY OF SANGER, TEXAS
PRINCIPAL AND INTEREST REQUIREMENTS
AUGUST 31, 1985
UTILITY REVENUE BONDS
Year Ended
August 31 Principal
Interest
Total
i986 $ 70,000 $ 17210 $ 2421941
1987 75,000 167,729 2429729
1988 80,000 1611,831 241,831
1989 90,000 155,607 245,607
1990 95,000 1485495 2433o495
1991 105,000 1402737 245,737
1992 115,000 132,066 247,066
1993 1203,000 122,387 242,387
1994 1309000 112,788 2421,788
1995 145,000 101,938 2462938
1996 160,000 892180 249,180
1997 170,000 75,210 2459210
1998 190,000 56,510 246,510
1999 210,000 39,220 249,220
2000 2101,000 195,900 2299900
2001 5L000 475 5,475
$ 1,9709000 $ 1�697z014 $ 3,667,014
GENERAL OBLIGATION BONDS
1986 $ 35,000 $ 7,600 $ 42,600
1987 40,000 4,100 44,100
$ 75,000 8 11,700 $ 86,700
These financial statements and accompanying notes are subject to the accountants opinion.
0-2
CITY OF SANGER, TEXAS
UTILITY RATES
AUGUST 31, 1985
Water Rates
First 1,000 gallons (minimum)
Per 1,000 gallons thereafter
Sanitation Rates
Residential - Flat Rate
Commercial - Flat Rate
Sewer Rates
Residential
,First 1,000 gallons
Per 1,000 gallons thereafter
Commercial
First 1,000 gallons
Per 1,000 gallons thereafter
Number of Connections (August 31, 1985)
Water
Sewer
Electric
Water Usage
$ 8.00
1.00
9.00
.60
$ 11.00
.60
1,440
1,401
1,490
152,046,849 gallons
These financial statements and accompanying notes are subject to the accountant's
opinion. 0-3