HomeMy WebLinkAboutComprehensive Annual Financial Report (CAFR)-Audit Records-9/30/2009
CITY OF
COLLEYVILLE, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED SEPTEMBER 30, 2009
Prepared by
Finance Department
Terry Leake
Assistant City Manager/Chief Financial Officer
THIS PAGE LEFT BLAN.K INTENTIONALLY
CITY OF COLLEYVILLE, TEXAS
TABLE OF CONTENTS
YEAR ENDED SEPTEMBER 30, 2009
Page
Number
INTRODUCTORY SECTION
Letter of Transmittal.. ..... ..... ... ..... ............ ................ ... ......... ...... ........ .... ... ... ..... ..... ... ..... ..... 3 - 6
Organizational Chart............................................................................. ~............................. 7
Certificate of Achievement................................................................................................. 8
Principal Officials............................................................................................................... 9
FINANCIAL SECTION
Independent Auditors' Report.............................................................................................
13 - 14
Management's Discussion and Analysis............................................................................
1 7 - 24
Basic Financial Statements
S ta tern en t 0 f Net As sets .... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . .
26 - 27
Statement of Activities.....................................................................................................
28 - 29
Balance Sheet - Governmental Funds.............................................................................
30 - 31
Statement of Revenues, Expenditures and Changes in
Fund Balances - Governmental Funds.........................................................................
32 - 33
Reconciliation of the Statement of Revenues, Expenditures
and Changes in Fund Balance of Governmental Funds to the
S ta tern en t 0 fActi viti es . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . .
34
Statement of Revenues, Expenditures and Changes in
Fund Balances - Budget and Actual- General Fund ...................................................
35
( continued)
CITY OF COLLEYVILLE, TEXAS
TABLE OF CONTENTS
(Continued)
YEAR ENDED SEPTEMBER 30, 2009
FINANCIAL SECTION (Continued)
Basic Financial Statements (Continued)
Statement of Net Assets - Proprietary Funds..................................................................
Statement of Revenues, Expenses and Changes in
Fund Net Assets - Proprietary Funds...........................................................................
Statement of Cash Plows - Proprietary Funds.................................................................
Statement of Fiduciary Net Assets - Fiduciary Funds.. ..... ................... ................. ..........
Notes to Basic Financial Statements................................................................................
Nonmajor Governmental Funds
Combining Balance Sheet........... .....................................................................................
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances............................................................................................
Schedule of Revenues, Expenditures and Changes in
Fund Balances - Budget and Actual- Debt Service Fund...........................................
Agency Funds
Page
Number
36
37
38 - 39
40
41 - 66
70 - 74
76 - 80
81
Combining Statement of Fiduciary Net Assets......... ....... .......... ....... ..... ..... ......... ... ......... 83
Combining Statement of Changes in Assets and Liabilities............................................ 84
( continued)
CITY OF COLLEYVILLE, TEXAS
TABLE OF CONTENTS
(Continued)
YEAR ENDED SEPTEMBER 30, 2009
Changes in Net Assets ............................................................................
Page
Exhibit/Table Number
1 87
2 88 - 89
3 91
4 92 - 93
STATISTICAL SECTION (Unaudited)
Net Assets by Government .....................................................................
Fund Balances - Governmental Funds ..... ... ....... ....... .................. ..... ......
Changes in Fund Balances - Governmental Funds ................................
Assessed Value and Estimated Actual Value
ofT axab 1 e Property..............................................................................
5 94
6 95
7 96
8 97
9 98
10 99
11 100
12 101
13 102
14 104 - 105
15 106
16 107
Direct and Overlapping Property Tax Rates...........................................
Princ i pal Property T axpa yers . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Property Tax Levies and Collections......................................................
Principal Water Customers.....................................................................
Ratios of Outstanding Debt by Type......................................................
Ratios of General Bonded Debt Outstanding.... ....... ... ........... ..... ............
Direct and Overlapping Governmental Activities Debt..........................
Legal Debt Margin Information..............................................................
Pledged Revenue Coverage....................................................................
Demographic and Economic Statistics...................................................
Prin c i pal Tax payers ................................................................................
Fulltime Equivalent City Government Employees by
Functi on/Pro gram ................................................................................
17
108
Operating Indicators by Function/Program ... ..... ..... ..... ......... ... ..... ... ......
18
109
Capital Asset Statistics by Function/Program.... ........ .................... .........
19
110
THIS PAGE LEFT BLANK .INTENTIONALLY
INTRODUCTORY SECTION
1
THIS PAGE INTENTIONALLY LEFT BLANK
2
C:itjl (){
.T(~xa5
February 2, 2010
To the Citizens of the City ofColleyville:
The Comprehensive Annual Financial Report of the City ofColleyville (the "City") for the fiscal year ended
September 30,2009, is hereby submitted. Responsibility for both the accuracy of the data, and completeness
and fairness of the presentation, including all disclosures, rests with the City. To the best of our knowledge
and belief, the enclosed data are accurate in all material respects and are reported in a manner designed to
present fairly the financial position, results of operations and cash flows of the various funds of the City. All
disclosures necessary to enable the reader to gain an understanding of the City's fmancial activities have been
included.
In developing and evaluating the City's accounting system, consideration is given to the adequacy of internal
accounting controls. These controls are designed to provide reasonable, but not absolute, assurance regarding
the safeguarding of assets against loss from unauthorized use or disposition, and the reliability of financial
records for preparing financial statements and maintaining accountability for assets. The concept of
reasonable assurance recognizes that the cost of a control should not exceed the benefits likely to be derived,
and the evaluation of costs and benefits requires estimates and judgments by management. We believe that
the City's current system of internal controls adequately safeguards assets and provides reasonable assurance
of proper recording of financial transactions.
As required by the City's charter, the financial statements have been audited by Pattillo, Brown & Hill,
L.L.P., a firm of certified public accountants. The goal of the independent audit was to provide reasonable
assurances that the financial statements of the City of Colleyville for the fiscal year ended September 30,
2009, are free of material misstatement. The independent audit involved examining on a test basis, evidence
supporting the amounts and disclosures in the financial statements; assessing the accounting principles used
and significant estimates made by management; and evaluating the overall financial statement presentation.
The independent auditor concluded based upon the audit that there was a reasonable basis for rendering an
unqualified opinion that the City ofColleyville's financial statements for fiscal year ended September 30,
2009, are presented in conformity with generally accepted accounting principles (GAAP).
As required by GAAP, management provides a narrative introduction, overview and analysis to accompany the
basic fmancial statements in the form of Management's Discussion and Analysis (MD&A). This letter of
transmittal is designed to complement the MD&A and should be read in conjunction with it. The City's
MD&A can be found inunediately following the independent auditors report.
3
100 MAIN STREET COLLEYVILLE) TEXAS 76034 (817) 503..1000
PROFILE OF THE GOVERNMENT
On January 10, 1956, the City of Colleyville was incorporated and adopted a home-rule charter on January
15, 1977 . It has a Council-Manager form of government with policy making and legislative authority vested
in a governing body consisting of a Mayor and six Council members. The Mayor and Council are
responsible for passing ordinances, adopting the budget, appointing board and conunittee members, and
hiring the City Manager. The City Manager is responsible for carrying out the policies and ordinances of the
Mayor and Council, overseeing the day-to-day operations of the City, and appointing department heads. The
Mayor and six Council members are elected on an at-large, non-partisan basis for three-year terms. The
three-year terms are staggered so that the Mayor and City Council persons from Place 1 and 2 are elected in
year one, City Council persons from Places 3 and 4 are elected in year two, and City Council persons from
Places 5 and 6 are elected in year three.
The City provides a full range of municipal services. These services include police and fire protection,
municipal court, streets, drainage utility, leisure services (parks and recreation, Colleyville Center and
library), water and sewer, engineering/conununity development, and general administrative services. Based
upon the criterion set forth in generally accepted accounting principles, the following organizations are
includable within the City's reporting entity:
Entity
Method of Inclusion
Colleyville Economic Development Corporation (CEDC)
Colleyville Crime Control and Prevention District
Colleyville Tax Investment Financing Reinvestment Zone
Zone Number One (TIF)
Blended
Blended
Discretely Presented
The City Charter of the City ofColleyville establishes the fiscal year as October 1 through September 30.
The Charter requires the City Manager to submit a proposed budget and accompanying budget message to
the City Council each year and the proposed budget is presented to the City Council at a budget work
session. After public hearings at two consecutive regular City Council meetings, the Council may adopt the
proposed budget, with or without amendment. The budget ordinance is to be adopted no later than the 30th
day of September and requires an affirmative vote of a majority of the Council. The City maintains
budgetary control by adopting an annual operating budget for the General Fund, Debt Service Fund,
Drainage Utility Fund, and Water and Sewer Enterprise Fund. Detail control is maintained at the line item
level by encumbering available funds at the time a purchase order is written. Encumbrances lapse at fiscal
year-end, but can be re-appropriated through a budget amendment during the following fiscal year. The City
Manager is authorized to transfer budgeted amounts between departments within any fund. However, any
revisions that alter the total expenditures of any fund must be approved by the City Council.
LOCAL ECONOMY
The City of Colleyville is a residential-oriented conununity located 11 miles northeast of the City of Fort
Worth, 22 miles northwest of Dallas and 5 miles west of Dallas/Fort Worth International Airport in
Northeast Tarrant County. Relocations of residents to the City continued in fiscal year 2009, as did
commercial development. During the fiscal year, the City issued 90 residential building permits and the
average square footage of a residence was almost 5,000 square feet.
4
In the winter of2009, construction was completed on the $5 million ground storage tank in the western area
of the City. Construction was also completed on Church Street and Bogart Drive located in the middle of
Colleyville, providing easy access to the central commercial corridor ofColleyville. Additionally, in spring
2009 construction began on Phase II of McPherson Park, which will include water conservation areas,
garden demonstration areas, spray park and renovations to the existing Rock House as a learning center.
For the Future. In spring 2010, construction will begin on the renovation of the Colleyville Center, which
opened in 1998. Improvements include updated fInishes, updated audio-visual equipment, and improved
acoustics. The Library will expand to the second floor of the building with construction beginning in summer
2010. It is proposed to move the existing children's area upstairs and provide programming/meeting rooms on
the second floor. The first floor of the Library will be primarily for adults and computer areas. In an effort to
enhance and strategically focus the City's economic development efforts, a comprehensive marketing plan will
be completed in Fiscal Year 2010. The plan will define target retail tenants for the City's primary business
corridors and identify prospective retail operators for Colleyville.
LONG- TERM FINANCIAL PLANNING
In Fiscal Year 2005, the City Council adopted a Fund Balance Policy requiring a 90-day reserve for fund
balance in both the General Fund and the Utility Fund. At the end of Fiscal Year 2009, both the General
Fund and the Utility Fund have a fund balance in excess of the required 90-day reserve. The amount in
excess of the reserve may be used to fund one-time capital expenditures.
As a part of the Fiscal Year 2009 budget process, the Mayor and Council and City Staff embarked upon
developing a multi-year capital improvements program. Long-term water storage and delivery needs in the
western area of Colleyville are being addressed with the construction of a ground storage tank and the
completion of transmission lines. Additionally, the Council appointed a citizen committee that reviewed
street infrastructure needs and financing opportunities. Their recommendations were incorporated into an
infrastructure program approved by Council in Fiscal Year 2008.
AWARDS AND ACKNOWLEDGEMENTS
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 Colleyville for its
comprehensive annual financial report for the fiscal year ended September 30, 2008. This was the 19th
consecutive year the City has received this prestigious award. In order to be awarded a Certificate of
Achievement, a government must publish an easily readable and efficiently organized comprehensive annual
financial report. This 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. We believe that our current
comprehensive annual financial report continues to meet the Certificate of Achievement Program's
requirements and we are submitting it to GFOA to determine its eligibility for another certificate.
5
In addition, the City also received the GFOA's Distinguished Budget Presentation award for its annual
budget dated October 1, 2008. In order to qualify for this award, the City's budget document was judged to
be proficient in several categories, including as a policy document, a financial plan, an operations guide, and
a communications device.
Acknowledgements,: The preparation of this report could not be accomplished on a timely basis without the
dedicated endeavors of the entire staff of the Finance Department. I would like to express my sincere
appreciation to all employees who contributed to the preparation. Additionally, I would also like to thank
the Mayor, City Council, and City Manager for their support in planning and conducting the financial
operations of the City in a responsible and progressive manner.
Respectfully submitted,
Terry Leake
Finance Director
6
CITY OF COLLEYVILLE
ORGANIZATIONAL CHART CITIZENS OF
FISCAL YEAR 2009 COLLEYVILLE
CRIME
LIBRARY PLANNING ZONING CONTROL
BOARD AND ZONING BOARD OF AND
COMMISSION ADJUSTMENT PREVENTION
DISTRICT
CITY COLLEYVILLE
COUNCIL ECONOMIC
DEVELOPMENT
CORPORATION
SIGN PARKS AND AD HOC TAX
BOARD OF RECREATION COMMITTEES INCREMENT
APPEALS BOARD FINANCING
DISTRICT
I 1
CITY CITY MUNICIPAL
MANAGER ATTORNEY JUDGE
PATROL
POLICE CHIEF ASSISTANT
INVESTIGATIONS ~ :........- . . CITY
ANIMAL CONTROL MANAGER
~.
ECONOMIC
DEVELOPMENT ;....-.. BUILDING
DIRECTOR LIBRARY SERVICES &
DIRECTOR COMMUNITY
CENTER
MANAGER
STREETS & DRAINAGE PUBLIC
WORKS PUBLIC
FLEET MAINTENANCE OPERATIONS WORKS -
UTILITY ADMIN. & MANAGER DIRECTOR
nPFRATlnN PARKS AND HUMAN
RECREATION RESOURCES
DIRECTOR
RESPONSE
FIRE CHIEF
I NSPECTIONSI - -
INVESTIGATIONS BUDGET &
ADMINISTRATIVE COMMUNICATIONS
SERVICES MANAGER
MANAGER
UTILITY BILLING
FINANCE
MUNICIPAL COURT ~ DIRECTOR - I
~HAB INFORMATION COMMUNITY
SERVICES - DEVELOPMENT
DIRECTOR
CITY ,iM ~
SECRETARY - BUILDING
INSPECTION
CODE
ENFORCEMENT
7
~ .~
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Colleyville
Texas
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
September 30, 2008
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 (CAFRs) achieve the highest
standards in government accounting
and financial reporting.
President
~/~
E-xecutive Director
8
CITY OF cOLLEYVILLE, TEXAS
HOME RULE, COUNCIL - MANAGER
FORM OF GOVERNMENT
CITY OFFICIALS
YEAR ENDED SEPTEMBER 30, 2009
David Kelly
Mayor
Carol Wollin
Councilmember, Place 1
Michael Muhrn
Councilrnember, Place 2
Stan Hall
Councilrnernber, Place 3
Jon Ayers
Mayor Pro Tern and
Councilmember, Place 4
Tom Hart
Councilmember, Place 5
Mike Taylor
Councilmember, Place 6
Jennifer Fadden
City Manager
Terry Leake
Assistant City Manager/Chief Financial Officer
9
THIS PAGE INTENTIONALLY LEFT BLANK
10
FINANCIAL SECTION
11
THIS PAGE INTENTIONALLY LEFT BLANK
12
81~
PATTILLO, BROWN & HILL,L.L.p.
CERTIFIED PUBLIC ACCOUNTANTS. BUSINESS CONSULTANTS
INDEPENDENT AUDITORS' REPORT
To the Honorable Mayor and
Members of the City Council
City of Colleyville, Texas
We have audited the accompanying financial statements of the governmental activities, the
business-type activities, the aggregate discretely presented component unit, each major fund, and the
aggregate remaining fund information of City of Colleyville, Texas, as of and for the year ended
September 30, 2009, which collectively comprise the City's basic financial statements as listed in the table
of contents. These financial statements are the responsibility of the City's management. Our
responsibility is to express opinions on these basic financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in the United
States of America Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstatement. An audit includes
examining, ona test basis, evidence supporting the amounts and disclosures in the 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 opinions.
In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of the governmental activities, the business-type activities, the aggregate discretely
presented component unit, each major fund, and the aggregate remaining fund information of the City of
Colleyville, Texas, as of September 30, 2009, and the respective changes in financial position and, where
applicable, cash flows and the respective budgetary comparison for the General Fund, thereof for the year
then ended in conformity with accounting principles generally accepted in the United States of America.
13
401 WEST IDGHWAY 6. P. o. BOX 20725 . WACO, TX 76702-0725. (254) 772-4901 . FAX: (254) 772-4920. www.pbhcpa.com
AFFll..IATE OFFICES: BROWNSVILLE, TX (956) 544-7778 . HILLSBORO, TX (254) 582-2583
TEMPLE, TX (254) 791-3460 . WIll1NEY, TX (254) 694-4600 . ALBUQUERQUE, NM (505) 266..5904
The management's discussion and analysis on pages 17 through 24 is not a required part of the
basic financial statements but is supplementary information required by accounting principles generally
accepted in the United States of America. We have applied certain limited procedures, which consisted
principally of inquiries of management regarding the methods of measurement and presentation of the
required supplementary information. However, we did not audit the information and express no opinion
on it.
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the City of Colleyville, Texas' basic financial statements. The introductory section,
combining and individual fund financial statements and schedules, and statistical tables are presented for
purposes of additional analysis and are not a. required part of the basic financial statements. The
combining and individual nonmajor fund financial statements and schedules have been subjected to the
auditing procedures applied in the audit of the basic financial statements and, in our opinion, are fairly
stated in all material respects in relation to the basic financial statements taken as a whole. The
introductory section and statistical section have not been subjected to the auditing procedures applied in
the audit of the basic financial statements and, accordingly, we express no opinio~ on them.
M B~ f 7-!il1 L.L.f
, I
January 19, 2010
14
MANAGEMENT'S
DISCUSSION AND ANALYSIS
15
THIS PAGE INTENTIONALLY LEFT BLANK
16
. Management's Discussion and Analysis
As management of the City of Colleyville, we offer readers of the City's financial statement this
narrative overview and analysis of the financial activities of the City for the fiscal year ended September
30, 2009. We encourage readers to consider the information presented here in conjunction with
additional information that we have furnished in our letter of transmittal, which can be found on pages 3
- 6 of this report.
FINANCIAL HIGHLIGHTS
. The assets of the City of Colleyville exceeded its liabilities as of September 30, 2009,
by $156,072,736 (net assets). Of this amount, $35,626,600 (unrestricted net assets)
may be used to meet the City's ongoing obligations to citizens and creditors in
accordance with the City's fund designation and fiscal policies.
. The City's total net assets increased by $7,531,899.
. As of the close of the current fiscal year, the City ofColleyville's governmental funds
reported combined ending fund balances of $28,965,968. Of this amount,
$21,862,136 is unreserved fund balance available for use within the City's fund
designation and fiscal policies.
. As of September 30, 2009, unreserved, undesignated fund balance for the General
Fund was $8,207,420 or 44% of the total General Fund budgeted expenditures and
other financing uses.
OVERVIEW OF THE FINANCIAL STATEMENTS
This discussion and analysis is intended to serve as an introduction to the City's basic financial
statements. The City's basic financial statements are comprised of three components: (1) govemment-
wide financial statements, (2) fund financial statements and (3) notes to the financial statements. This
report also contains other supplementary information in addition to the basic financial statements
themselves.
Government-wide financial statements - The government-wide financial statements, which begin on
page 26 of this report, are designed to provide readers with a broad overview of the City's finances, in a
manner similar to a private-sector business.
The Statement of Net Assets presents information on all of the City's assets and liabilities, with the
difference between the two reported as net assets. Over time, increases or decreases in net assets may
serve as a useful indicator of whether the financial position of the City is improving or deteriorating.
The Statement of Activities presents information showing how the City's net assets changed during the
fiscal year. All changes in net assets are reported when the underlying event giving rise to the change
occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this
statement for some items that will only result in cash flows in the future fiscal periods (e.g., uncollected
taxes and earned but unused compensated absences).
17
Both of the government-wide financial statements distinguish functions of the City that are principally
supported by taxes and intergovernmental revenues (governmental activities) from functions that are
intended to recover all or a significant portion of their costs through user fees and charges (business-type
activities). The governmental activities of the City include General Government, Community
Development and Engineering, Fire and Rescue, Leisure Services, Maintenance, Municipal Court,
Police, and Streets and Drainage. The business-type activities of the City include Water and
Wastewater, and Drainage Utility.
Fund financial statements - A fund is a grouping of related accounts that is used to maintain control
over resources that have been segregated for specific activities or objectives. The City, like other state
and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related
legal requirements. All funds of the City can be divided into two categories - governmental funds and
proprietary funds.
Governmental Funds - Governmental funds are used to account for essentially the same functions
reported as governmental activities in the government-wide financial statements. However, unlike the
government-wide financial statements, governmental fund financial statements focus on current sources
and useS of'spendable resources, as well as on balances of spendable resources available at the end of
the fiscal year. Such information may be useful in evaluating a government's near-term financing
requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial
statements, it is useful to compare the information presented for governmental funds with similar
information presented for governmental activities in the government-wide financial statements. By
doing so, readers may better understand the long-term impact of the government's near-term financing
decisions. Both the governmental funds balance sheet and the governmental fund statements of
revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this
comparison between governmental funds and governmental activities.
Beginning on page 32 of this report, information is presented separately in the Governmental Fund
Balance Sheet and in the Governmental Fund Statement of Revenues, Expenditures, and Changes in
Fund Balances for the General Fund, which is considered to be a major fund. Data from the other
governmental funds are combined into a single, aggregated presentation. Individual fund data for each
of these non-major governmental funds is provided in the form of combining statements elsewhere in
this report.
Proprietary Funds - The City maintains one type of proprietary funds. Enterprise Funds are used to
report the same functions presented as business-type activities in the government-wide financial
statements. The City uses Enterprise Funds to account for the Water and Wastewater and Drainage
Utility Funds.
Proprietary funds provide the same type of information as the government-wide financial statements,
only in more detail. The basic proprietary fund financial statements which begin on page 36 of this
report provide separate information for the Water and Wastewater and Drainage Utility Enterprise Funds
since these are considered to be major funds of the City.
Notes to the Financial Statements - The notes provide additional information that is essential to a full
understanding of the data provided in the government-wide and fund financial statements. The notes to
the financial statements can be found on pages 41 - 66 of this report.
18
Other Information - In addition to the basic financial statements and accompanying notes, this report
also presents combining fund statements and schedules that further support the information in the
financial statements. The combining fund statements and schedules for nonmajor funds are presented
immediately following the notes to the financial statements beginning on page 70 of this report.
GOVERNMENTAL-WIDE FINANCIAL ANALYSIS
As noted earlier, net assets may serve over time as a useful indicator of government's financial position.
In the case of the City of Colleyville, assets exceeded liabilities by $156,072,736 as of September 30,
2009.
The largest portion of the City's net assets ($118,418,059) reflects its investments in capital assets (e.g.,
land, building, equipment, improvements, construction in progress and infrastructure), less any
outstanding debt used to acquire those assets. The City uses these capital assets to provide service to
citizens; consequently, these assets are not available for future spending. Although the City's
investment in its capital assets is reported net of related debt, it should be noted that the resources
needed to repay this debt must be provided from. other sources, since the capital assets themselves
cannot be used to liquidate these liabilities.
Current and other assets $
Capital assets
Total assets
CITY OF COLLEYVILLE'S NET ASSETS
Governmental Activities Business~type Activities Totals
2009 2008 2009 2008 2009 2008
30,969,411 $ 24,989,626 $ 10,419,510 $ 10,834,957 $ 41,388,921 $ 35,824,583
103,184,780 103,727,039 46,244,562 47,322,148 149,429,342 151,049,187
134,154,191 128,716,665 56,664,072 58,157,105 190,818,263 186,873,770
3,725,217 3,763,168 2,089,467 2,714,360 5,814,684 6,4 77,528
22,645,717 24,716,947 6,285,126 7,138,458 28,930,843 31,855,405
26,370,934 28,480,1 15 8,374,593 9,852,818 34,745,527 38,332,933
Other liabilities
Long-term liabilities
Total liabilities
Net assets:
Invested in capital assets,
net of related debt
Restricted
Unrestricted
79,243,497
1,040,896
27,498,864
77,484,725
889,689
21,862,136
39,174,562
987,181
8,127,736
39,442,148
1,024,349
7,837,790
118,418,059
2,028,077
35,626,600
1 16,926,873
1,914,038
29,699,926
Total net assets
$
107,783,257 $
100,236,550 $ 48,289,479 $ 48,304,287 $
156,072,736 $ 148,540,837
A portion of the City's net assets ($2,028,077) represents resources that are subject to external
restriction on how they may be used. The remaining balance ($35,626,600) of unrestricted net assets
may be used to meet the City's ongoing obligation to citizens and creditors in accordance with the City's
fund designation and fiscal policies.
As of September 30, 2009, the City has positive balances in all three categories of net assets, both for the
City as a whole, as well as for its governmental and business-type activities separately. The increase in
net assets relating to governmental activities is due to an increase in ad valorem tax collections due to a
6% increase in assessed valuation. During the fiscal year, the City received an over $6.2 million signing
bonus for a gas lease on City-owned property. The decrease in net assets of business type activities
related to sharply lower investment revenue and capital contributions.
19
Analysis of the City's Operations - The following table provides a summary of the City's operations
for the year ended September 30, 2009. Governmental activities increased the City of Colleyville's net
assets by $7,546,707, accounting for all of the total growth in net assets. Business-type activities
contributed a decrease to the City's net assets of$14,808.
CITY OF COLLEYVILLE'S CHANGES IN NET ASSETS
Governmental Activities Business-type Activities Totals
2009 2008 2009 2008 2009 2008
Revenues:
Program revenues:
Charges for services $ 8,817,875 $ 3,773,311 $ 12,178,505 $ 11,973,905 $ 20,996,380 $ 15,747,216
Operating grants
and contributions 713,189 1,856,567 713,189 1,856,567
Capital grants
and contributions 360,023 3,973,954 63,293 1,415,785 423,316 5,389,739
General revenues:
Ad valorem taxes 12,121,420 11,367,967 12,121,420 11,367,967
Sales taxes 4,718,976 4,740,964 4,718,976 4,740,964
Franchise taxes 2,017,440 1,818,060 2,017,440 1,818,060
Other taxes 74, I 98 82,532 74,198 82,532
Investment earnings 471,524 804,864 168,940 380,595 640,464 1,185,459
Miscellaneous 77,854 96,348 77,854 96,348
Gain on sale of
capital assets 25,237 116, 112 25,237 116,112
Total revenues 29,397,736 28,630,679 12,410,738 13,770,285 41,808,474 42,400,964
Expenses:
General government 2,945,481 2,8 14,874 2,945,481 2,814,874
Community development
and engineering 1,530,90 I 1,481,124 1,530,901 1,481, 124
Fire and rescue 4,113,793 3,958,111 4,113,793 3,958, III
Leisure services 3,941,259 4,033,105 3,941,259 4,033,105
Maintenance 455,752 417,265 455,752 417,265
Municipal court 291,724 324,020 291,724 324,020
Police 4,841,217 4,657,438 4,841,217 4,657,438
Streets and drainage 3,503,519 3,129,730 3,503,519 3,129,730
Water and wastewater 10,612,372 11,179,548 10,612,372 11,179,548
Drainage 658,016 593,600 658,016 593,600
Interest on
long-term debt 1,051,180 1,101,714 331,361 362,642 1,382,541 1,464,356
Total expenses 22,674,826 21,917,381 11,601,749 12,135,790 34,276,575 34,053,171
Increases in net assets
before transfers 6,722,910 6,713,298 808,989 I ,634,495 7,531,899 8,347,793
Transfers 823,797 841,936 823,797) 841,936)
Change in net assets 7,546,707 7,555,234 14,808) 792,559 7,531,899 8,347,793
Net assets, beginning 100,236,550 94,845,083 48,304,287 47,511,728 148,540,837 142,356,811
Prior period adjustments 2,163,767) 2,163,767)
Net assets, ending $ 107,783,257 $ 100,236,550 $ 48,289,479 $ 48,304,287 $ 156,072,736 $ 148,540,837
20
FINANCIAL ANALYSIS OF THE GOVERNMENT'S FUNDS
Governmental funds - The focus of the City of Colleyville's governmental funds is to provide
information on near-term inflows, outflows, and balances of spendable resources. Such information is
useful in assessing the City's financing requirements. In particular, unreserved fund balance may serve
as a useful measure ofa government's net resources available for spending at the end of the fiscal year.
At the end of the current fiscal year, the City of Colleyville's governmental funds reported combined
ending fund balances of $28,965,968. Approximately 96% of this total amount ($27,844,401)
constitutes unreserved fund balance. The remainder of the fund balance ($1,121,567) is reserved to
indicate that is not available for new spending because it has already been committed to pay for
encumbrances or debt service or to provide for other items. Refer to page 30 of this report for a more
detailed presentation of governmental fund balances.
In the General Fund, the City originally budgeted for a decrease in the fund balance of $833,523 as a
planned reduction of excess fund balance to fund "pay-as-you-go" capital expenditures and Tara
subdivision street improvements. While there was a budget adjustment in Fiscal Year 2009 the expense
was offset by additional revenues, the final budgeted decrease in fund balance was $833,523. The actual
decrease to fund balance for the General Fund was $509,978 for fiscal year 2009, due to greater than
anticipated revenues from property taxes and utility franchise taxes.
Proprietary funds - The City's proprietary fund statements beginning on page 36 of this report provide
the same type o.f information found in the government-wide financial statements, but in more detail.
Unrestricted net assets of the respective major proprietary funds are Water and Wastewater
($7,216,817), and Drainage Utility ($910,919). The Water and Wastewater Fund experienced a decrease
in total net assets of $148,317 during Fiscal Year 2009 due to lower investment income and contributed
capital. The Drainage Utility Fund's net assets increased by $133,509, due to increased service charge
revenue.
Governmental Activities - The major increase in revenues comes from the tax category. The property
tax base increased over $216 million, due to construction of new residences and businesses in 2008, and
revaluation of property. The current year tax collection rate was almost 99% of the levy. There ~as a
sharp decrease in both license and permit revenues due to a decrease in residential building permits.
Fines and forfeitures were up due to an increase in citations issued and enhanced warrant collections.
Investment income is down due to lower interest rates from the Federal Reserve lowering rates due to
the current recession. New in Fiscal Year 2009 is the Colleyville Tomorrow Fund which is funded from
proceeds the City received from gas leases on City-owned properties.
Enhancements to the Fiscal Year 2009 budget continue the renewed focus on street maintenance with a
budget of $1,680,000 of which $680,000 was to be used for street improvements and re-construction in
the Tara subdivision. The increase in the general government relates to the acquisition of blades and a
san server. Leisure services increases are related to various contractual services of McPherson Park, a
22-acre park in the northwest area of the City that opened in winter 2009. The Debt Service Fund's
expenditures decreased due a decrease in the 2002 Certificates of Obligation payments for the portion of
the debt for the City Hall and Library used furnishings and equipment. Also, the Fiscal Year 2008
repayment of the $420,000 bank line of credit used to furnish the fire stations did not reoccur in Fiscal
Year 2009.
21
Business-type Activities - The City has two enterprise operations, the Water and Wastewater Fund and
the Drainage Utility Fund. Total operating revenues of the Water and Sewer fund were $11,303,868 for
the fiscal year. Water sales increased due to a rate increase in December 2008 which passed through a
rate increase from the Trinity River Authority, the City's provider of treated waste. Also, wastewater
sales increased primarily due to the pass-through rate increase to offset the rate increase from Trinity
River Authority, who also provides wastewater treatment to the City. The coverage ratio for debt for
this fund was 1.9 for the fiscal year. The slight increase in the Drainage Utility Fund's revenues was
due to new residential and commercial construction.
Increases in the Water and Wastewater Fund expenses relate to the increase in cost of purchased water
and treatment of wastewater from Trinity River Authority. The Authority's increase relates to higher
cost for electricity, debt issuance for plant expansion, replacement of system-wide aging infrastructure
and compliance with federal water and wastewater mandates.
General Fund Budgetary Highlights - The City made reVISIons to the original appropriations
approved by the City Council. Overall, these changes resulted in an increase from the original budget of
$19,391,408. The increase was for the funding of payments to recreational instructors due to greater
than anticipated recreation program participation that was offset by revenues. Also, included in the
budget amendment was the transfer of unsent street resurfacing appropriations to the Capital Projects
Fund for future street projects.
The General Fund's overall budgeted revenue decreased by $1,517,280. The major decrease was in the
licenses and permits category was due to an unanticipated drop construction activity which occurred
shortly after the fiscal year began. Also, included in the budgeted revenues was the drawdown of fund
balance in the amount of $833,523 that is not reflected in the actual revenue amounts. However, there
was an increase in revenue from greater citation issuance and enhanced warrant collections and the
aforementioned recreation program revenue.
Refer to the General Fund Statement of Revenue, Expenditures and Changes in Fund Balances - Budget
and Actual on page 35 of this report for a detailed presentation of the actual General Fund operations
compared to both the original and final budget for fiscal year 2009.
CAPITAL ASSETS
The City ofColleyville's investment in capital assets for its governmental and business-type activities as
of September 30, 2009, amounts to $149,429,342 (net of accumulated depreciation). This investment in
capital assets includes land, building, equipment, improvements other than buildings, infrastructure and
construction work in progress. Major capital asset events occurring during the current fiscal year
included the following:
. Capitalized approximately $4.7 million in street improvements and contributions;
· Capitalized approximately $8.0 million on various water and wastewater system
projects and contributions including the L.D. Lockett $5 million ground storage tank;
and
. Capitalized $.33 million in drainage improvements.
22
CITY OF COLLEYVILLE'S CAPITAL ASSETS AT YEAR-END
Governmental Activities Business-type Activities Totals
2009 2008 2009 2008 2009 2008
Land $ 9,293,654 $ 9,293,654 $ 313,057 $ 313,057 $ 9,606,711 $ 9,606,711
Buildings and improvements 40,536,708 40,433,039 53,922 53,922 40,590,630 40,486,961
Equipment 7,364,496 7,028,032 1,740,485 1,778,060 9,104,981 8,806,092
Infrastructure/water
distribution sewer collection 75,202,099 70,656,502 67,391,621 59,062,048 142,593,720 129,718,550
Construction in progress 2,140,424 4,645,335 361,742 7,967,420 2,502,166 12,612,755
Less: accumulated
depreciation 31,352,60 l) 28,329,523) 23,616,265 ) 21,852,359) 54,968,866) 50,181,882)
Total capital assets $ 103,184,780 $ 103,727,039 $ 46,244,562 $ 47,322,148 $ 149,429,342 $ 151,049,187
Additional information on the City's capital assets 'Can be found in Note 4, pages 55 - 57 of this report.
DEBT ADMINISTRATION
At the end of the current fiscal year, the City of Colleyville had total bonded debt, notes payable and
capital lease obligations of$31,294,366. Of this amount, $14,665,000 represents bonded debt backed by
the full faith and credit of the government, $9,199,370 represents bonds secured by sales tax revenues,
$5,200,000 represents bonds secured solely by water and sewer revenues, and $1,870,000 represents
bonds secured solely by drainage utility system revenues. The City's capitalized lease obligations of
$359,996 pertain to the purchase of a fire pumper truck and ambulance.
OUTSTANDING DEBT AT YEAR-END
BONDS, NOTES AND CAPITALIZED LEASE OBLIGATIONS PAYABLE
Governmental Activities Business-type Activities Totals
2009 2008 2009 2008 2009 2008
General obligation bonds
and certificates of
obligation $ 14,665,000 $ 16,275,000 $ $ $ 14,665,000 $ 16,275,000
Sales tax revenue bonds 9,199,370 9,795,916 9,199,370 9,795,916
Revenue bonds payable 7,070,000 7,880,000 7,070,000 7,880,000
Capitalized lease
obligations 359,996 430,549 359,996 430,549
$ 24,224,366 $ 26,501,465 $ 7,070,000 $ 7,880,000 $ 31,294,366 $ 34,381,465
The City's General Obligation, Tax and Water Works and Sewer System Certificates of Obligation, and
Water Works and Sewer System Revenue Bond ratings are listed below.
Fitch leBA
Standard
and Poor's
General Obligation Bonds
Water Revenue Bonds
AA+
AA+
MA
MA
23
During Fiscal Year 2009, the City received an upgrade to AAA from Standard & Poor's on both its
General Obligation Bonds and Water Revenue Bonds. Most of the City's bonds are insured, thus
holding an AAA credit rating from both Fitch ICBA and Standard & Poor's. Additional information on
the City ofColleyville's long term-debt can be found in footnote 4 on pages 59 - 63 of this report.
ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS AND RATES
The General Fund budget (including transfers in and planned utilization of surplus) for fiscal year 2010
is based on a projected revenue loss of 2.1 % as compared to the fiscal year 2009 budget. There is an
increase projected in property tax revenue, which comprises 54% of General Fund revenues. The 2.9%
increase as compared to the 2009 budget is primarily derived from new construction. The total tax rate
for fiscal year 2010 is $.3559, which is unchanged since fiscal year 2008. Approximately 14% of
General Fund revenues are sales taxes, and sales taxes are budgeted with no increase over the fiscal year
2009 budget. The major revenue decrease ($640,367) is in the area of licenses and permits, anticipating
73 housing starts as compared to 145 budgeted in Fiscal Year 2010. The 2010 budget includes a
planned $702,000 utilization of surplus fund balance to fund one-time capital expenditures for street
improvements in the Saddlebrook subdivision.
There is no pay increase included in the 2010 budget for the General Fund or other funds, due to current
economic conditions. The General Fund has continued to budget $1,000,000 in the Street Department
budget for the street overlay budget that will overlay approximately five miles of City streets exclusive
of the aforementioned Saddlebrook subdivision project.
Slight revenue growth in the Water and Wastewater Fund will come from additional residential and
commercial customers. There is an in-house water and wastewater rate study to be completed by
summer 2010. The study will review tiered rate options and minimum bill options and projected Trinity
River Authority rate increases to maintain the financial stability of the Water and Wastewater Fund in
future years.
REQUEST FOR INFORMATION
The financial report is designed to provide our citizens, customers, investors and creditors with a general
overview of the City's finances. If you have questions about this report or need any additional
information, contact Terry Leake, Assistant City Manager / Chief Financial Officer, at 100 Main Street,
Colleyville, Texas 76034, or call (817) 503-1115.
24
BASIC
FINANCIAL STATEMENTS
25
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF NET ASSETS
SEPTEMBER 30, 2009
ASSETS
Cash and equivalents
Investments
Receivables (net of allowances for uncollectibles of$376,197)
Accounts
Property taxes
Due from other governments
Prepaid expenses
Other assets
Inventories
Deferred charges
Accrued interest
Capital assets:
Land
Buildings and improvements
Equipment
Infrastructure/water distribution/sewer collection
Construction in progress
Less: accumulated depreciation
Total capital assets
Total assets
Governmental
Activities
$ 20,481,779
8,777,006
75,725
241,278
842,872
172,293
283,083
95,375
9,293,654
40,536,708
7,364,496
75,202,099
2,140,424
( 31,352,601)
103,184,780
134,154,191
804,724
334,350
128,388
211,597
62,359
2,183,799
22,645,717
26,370,934
79,243,497
1,040,896
27,498,864
$ 107,783,257
LIABILITIES
Accounts payable
Accrued liabilities
Accrued interest payable
Advances from developers
Customer deposits
Noncurrent liabilities:
Due within one year
Due in more than one year
T ota1liabilities
NET ASSETS
Invested in capital assets, net of related debt
Restricted for:
Debt service
Unrestricted
Total net assets
The accompanying notes are an integral part of these rmancial statements.
26
Business-type
Activities
$ 6,713,326
1,627,134
1,749,113
139,317
182,433
8,187
313,057
53,922
1,740,485
67,391,621
361,742
( 23,616,265)
46,244,562
56,664,072
615,169
51,502
69,064
73,396
407,804
872,532
6,285,126
8,374,593
39,174,562
987,181
8,127,736
$ 48,289,479
Component
Total Units
$ 27,195,105 $ 7,674,188
10,404,140 373,253
1,824,838
241,278
842,872
172,293
139,317
182,433
283,083
103,562 5,807
9,606,711 1,800,940
40,590,630
9,104,981
142,593,720
2,502,166 3,366,559
( 54,968,866) ( 36,019)
149,429,342 5,131,480
190,818,263 13,184,728
1,419,893
385,852
197,452 37,362
284,993
470,163
3,056,331 450,000
28,930,843 5,850,000
34,745,527 6,337,362
118,418,059
2,028,077
35,626,600 6,847,366
$ 156,072,736 $ 6,847,366
27
FunctionslPrograrns
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED SEPTEMBER 30, 2009
Program Revenue
Expenses
Charges for Services
Primary government
Governmental activities:
General government
Community development
Fire and rescue
Leisure services
Maintenance
Municipal court
Police
Streets and drainage
Interest on long-term debt
Total governmental activities
Business- type activities:
Water and wastewater
- Drainage
Total business-type activities
Total primary government
Component unit
T ax increment financing
Total component unit
$ 2,945,481 $ 15,000 $
1,530,901 666,914
4,113,793 271,216
3,941,259 6,595,487
455,752
291,724 1,002,008
4,841,217 51,631
3,503,519 215,619
1,051,180
22,674,826 8,817,875
10,853,595 11,303,868
748,154 874,637
11,601,749 12,178,505
$ 34,276,575 $ 20,996,380 $
$ 343,419 $ $
$ 343,419 $ $
General revenues:
Taxes:
Property taxes, levied for general pUlposes
Property taxes, levied for debt service
TIF taxes
Sales taxes
Franchise taxes
Other taxes
Investment earnings
Miscellaneous
Gain on sale of capital assets
Transfers
Total general revenues and transfers
Change in net assets
Net assets - beginning
Net assets - ending
Operating Grants
and Contributions
1,710 $
8,847
542,714
97,671
62,247
713,189
713,189
The accompanying notes are an integral part of these rmancial statements.
28
Capital Grants and
Contributions
3,604
356,419
360,023
63,293
63,293
$
423,316
$
$
Net (Expense) Revenue and Changes in Net Assets
Primary Government
Governmental
Activities
Business--type
Activities
Total
29
Component Units
CITY OF COLLEYVILLE, TEXAS
BALANCE SHEET
GOVERNMENTAL FUNDS
SEPTEMBER 30, 2009
General Debt Service Capital Projects
ASSETS
Cash and cash equivalents $ 3,892,541 $ 1,113,869 $ 4,707,680
Investments 4,450,670 2,206,116
Receivables (net of allowances for uncollectibles)
Accounts 75,725
Taxes 193,561 47,717
Due from other governments 454,860 7,698
Accrued interest 59,667 17,158
Prepaid expenses 172,293
Total assets $ 9,299,317 $ 1,169,284 $ 6,930,954
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable 442,330 50,709
Accrued liabilities 327,595
Deferred. revenue 259,613 47,717
Advances from developers 154,874
Customer deposits 62,359
T otalliabilities 1,091,897 47,717 205,583
Fund balances:
Reserved for:
Debt service 1,121,567
Unreserved 8,207,420
Unreserved, reported in:
Special revenue funds
Capital projects funds 6,725,371
Total fund balances 8,207,420 1,121,567 6,725,371
Total liabilities and fund balances $ 9,299,317 $ 1,169,284 $ 6,930,954
Amounts reported. for governmental activities in the statement of net assets are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds.
Other long-term assets are not available to pay for current-period expenditures and, therefore are deferred in the funds.
Long-term liabilities are not due and payable in the current period and, therefore, are not reported in the funds.
Net assets of governmental activities
The accompanying notes are an integral part of these fmancial statements.
30
Total
Coli eyvill e Other Governmental
Tomorrow Fund Governmental Funds
$ 3,464,670 $ 7,303,019 $ 20,481,779
2,120,220 8,777,006
75,725
241,278
380,314 842,872
18,550 95,375
172,293
$ 3,464,670 $ 9,822,103 $ 30,686,328
311,685 804,724
6,755 334,350
307,330
56,723 211,597
62,359
375,163 1,720,360
1,121,567
8,207,420
3,464,670
3,464,670
5,519,058
3,927,882
9,446,940
5,519,058
14,117,923
28,965,968
$ 3,464,670
$ 9,822,103
103,184,780
307,330
24,674,821)
$ 107,783,257
31
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2009
General Debt Service Capital Proj ects
REVENUES
Taxes $ 14,366,995 $ 2,286,104 $
Fees and fines 972,860
Licenses and pennits 646,302
Intergovernmental 332,972
Charges for services 773,566
Capital improvement fees 208,622
Donations
Investment earnings 266,691 10,567 44,396
Miscellaneous 74,100 62,247
Total revenues 17,100,514 2,296,671 648,237
EXPENDITURES
Current:
General government 2,603,616 16,248
Cormnunity development and engineering 1,227,491
Fire and rescue 3,826,415
Leisure services 2,772,652
Maintenance 449,806
Municipal court 261,678
Police 4,159,649
Streets and drainage 1,907,972 9,564
Debt service:
Principal 2,000,553
Interest and other charges 664,953
Capital outlay 258,391 451,786
Total expenditures 17,467,670 2,665,506 477,598
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 367,156) 368,835) 170,639
OTHER FINANCING SOURCES (USES)
Sale of capital assets 30,639
Transfers in 816,297 502,721 963,346
Transfers out 989,758)
Total other financing sources and uses 142,822) 502,721 963,346
NET CHANGE IN FUND BALANCES 509,978) 133,886 1,133,985
FUND BALANCES, BEGINNING 8,717,398 987,681 5,591,386
FUND BALANCES, ENDING $ 8,207,420 $ 1,121,567 $ 6,725,371
The accompanying notes are an integral part of these imancial statements.
32
Total
Colleyville Other Governmental
Tomorrow Fund Governmental Funds
$ $ 2,236,381 $ 18,889,480
55,565 1,028,425
646,302
17,496 350,468
3,451,479 2,904,277 7,129,322
208,622
401,432 401,432
13,191 136,679 471,524
18,753 155,100
3,464,670 5,770,583 29,280,675
19,354 2,639,218
304,294 1,531,785
13,703 3,840,118
285,680 3,058,332
449,806
30,215 291,893
428,927 4,588,576
1,917,536
275,000 2,275,553
368,195 1,033,148
2,049,597 2,759,774
3,774,965 24,385,739
3,464,670 1,995,618 4,894,936
3,120 33,759
56,412 2,338,776
525,221) ( 1,514,979)
465,689) 857,556
3,464,670 1,529,929 5,752,492
7,917,011 23,213,476
$ 3,464,670 $ 9,446,940 $ 28,965,968
33
CITY OF COLLEYVILLE, TEXAS
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED SEPTEMBER 30, 2009
Amounts reported for governmental activities in the Statement of Activities (pages
30 - 31) are different because:
Net change in fund balances - total governmental funds:
Governmental funds report capital outlays as expenditures. However, in the
statement of activities, the cost of those assets is allocated over their estimated
useful lives and reported as depreciation expense.
The net effect of transactions involving capital assets is to increase net assets.
Revenues, in the statement of activities, that do not provide current financial
resources, are not reported as revenues in the funds.
The issuance of long-term debt (e.g., bonds, leases) provides current financial
resources to governmental funds, while the repayment of the principal of long-
term debt consumes the current financial resources of governmental funds.
Some expenses reported in the statement of activities do not require the use of
current financial resources and therefore are not reported as expenditures in
governmental funds.
Change in net assets of governmental activities
The accompanying notes are an integral part of these rmancial statements.
34
$ 5,752,492
( 557,184)
23,447
68,377
2,246,725
12,850
$ 7,546,707
CITY OF COLLEYVILLE, TEXAS
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2009
Variance with
Final Budget -
Budgeted Amounts Actual Positive
Original Final Amounts (Negative )
REVENUES
Taxes $ 14,226,796 $ 14,226, 796 $ 14,366,995 $ 140,199
License and permits 1,369,654 1,369,654 646,302 ( 723,352)
Fines and forfeitures 861,850 861,850 972,860 111,010
Charges for services 1,846,474 1,846,474 773,566 ( 1,072,908)
Investment earnings 255,000 255,000 266,691 11,691
Other 58,020 58,020 74,100 16,080
Total revenues 18,617,794 18,617,794 17,100,514 ( 1,517,280)
EXPENDITURES
Current:
General government 3,065,959 3,065,959 2,603,616 462,343
Community development and engineering 1,556,527 1,556,527 1,227,491 329,036
Fire and rescue 3,817,173 3,817,173 3,826,415 ( 9,242)
Leisure services 2,991,209 3,051,304 2,772,652 278,652
Maintenance 458,654 458,654 449,806 8,848
Municipal court 263,370 263,370 261,678 1,692
Police 4,285,946 4,285,946 4,159,649 126,297
Streets and drainage 2,703,322 2,703,322 1,907,972 795,350
Capital outlay 50,000 50,000 258,391 ( 208,391)
Total expenditures 19,192,160 19,252,255 17,467,670 1,784,585
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES ( 574,366) ( 634,461) ( 367,156) 267,305
OTHER FINANCING SOURCES (USES)
Transfers in 756,787 756,787 816,297 59,510
Transfers out ( 162,500) ( 162,500) 989,758) 827,258)
Sale of capital assets 17,000 17,000 30,639 13,639
Total other financing sources and uses 611,287 611,287 ( 142,822) ( 754,109)
NET CHANGE IN FUND BALANCE 36,921 ( 23,174) ( 509,978) ( 486,804)
FUND BALANCE, BEGINNING 8,717,398 8,717,398 8,717,398
FUND BALANCE, ENDING $ 8,754,319 $ 8,694,224 $ 8,207,420 $( 486,804)
The notes to the fmancial statements are an integral part of this statement.
35
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF NET ASSETS
PROPRIETARY FUNDS
SEPTEMBER 30, 2009
Entetprise Funds
Water and
Wastewater Drainage Utility Total
ASSETS
Current assets:
Cash and cash equivalents $ 6,024,956 $ 688,370 $ 6,713,326
Investments 1,477,053 150,081 1,627,134
Accounts receivable, net of allowances 1,647,314 101,799 1,749,113
Other assets 139,317 139,317
Inventories 182,433 182,433
Total current assets 9,471,073 940,250 10,411,323
Non-current assets:
Accrued interest receivable 7,003 1,184 8,187
Capital assets:
Land and improvements 313,057 313,057
Buildings 53,922 53,922
Utility system 63,309,190 4,082,431 67,391,621
Equipment and furniture 1,096,361 644,124 1,740,485
Construction in progress 337,490 24,252 361,742
Less accumulated depreciation 22,658,582) 957,683) 23,616,265)
Total non-current assets 42,458,441 3,794,308 46,252,749
Total assets 51,929,514 4,734,558 56,664,072
LIABILITIES
Current liabilities:
Accounts payable 610,661 4,508 615,169
Accrued liabilities 43,884 7,618 51,502
Accrued interest payable 58,197 10,867 69,064
Advances from developers 73,396 73,396
Customer deposits 407,804 407,804
Compensated absences 16,027 1,504 17,532
Revenue bonds payable 680,000 175,000 855,000
Total current liabilities 1,889,969 199,497 2,089,467
Non-current liabilities:
Compensated absences 64,109 6,018 70,126
Revenue bonds payable 4,520,000 1,695,000 6,215,000
Total non-current liabilities 4,584,109 1,701,018 6,285,126
Total liabilities 6,474,078 1,900,515 8,374,593
NET ASSETS
Invested in capital assets, net of related debt 37,251,438 1,923,124 39,174,562
Restricted for debt service 987,181 987,181
Unrestricted 7,216,817 910,919 8,127,736
Total net assets $ 45,455,436 $ 2,834,043 $ 48,289,479
The accompanying notes are an integral part of these fmancial statements.
36
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN FUND NET ASSETS
PROPRIETARY FUNDS
'FOR THE YEAR ENDED SEPTEMBER 30, 2009
Enterprise Funds
Water and Drainage
Wastewater Utility Total
OPERATING REVENUES
Metered water sales $ 7,949,903 $ $ 7,949,903
Wastewater service charges 2,770,366 2,770,366
Drainage service charges 861,671 861,671
Other charges and services 550,895 12,966 563,861
Miscellaneous 32,704 32,704
Total operating revenues 11,303,868 874,637 12,178,505
OPERATING EXPENSES
Personnel services 2,113,507 356,659 2,470,166
Maintenance and contractual services 6,697,536 101,116 6,798,652
Materials and supplies 132,760 42,902 175,662
Depreciation and amortization 1,668,569 157,339 1,825,908
Total operating expenses 10,612,372 658,016 11,270,388
OPERATING INCOME (LOSS) 691,496 216,621 908,117
NON-OPERATING REVENUES (EXPENSES)
Interest and investment revenues 154,414 14,526 168,940
Interest expense and fiscal charges ( 241,223) ( 90,138) ( 331,361)
Total non-operating revenues (expenses) ( 86,809) ( 75,612) ( 162,421)
INCOME BEFORE CONTRIBUTIONS
AND TRANSFERS 604,687 141,009 745,696
Capital contributions 63,293 63,293
Transfers out ( 816,297) ( 7,500) ( 823,797)
CHANGE IN NET ASSETS ( 148,317) 133,509 ( 14,808)
TOTAL NET ASSETS, BEGINNING 45,603,753 2,700,534 48,304,287
TOTAL NET ASSETS, ENDING $ 45,455,436 $ 2,834,043 $ 48,289,479
The accompanying notes are an integral part of these fmancial statements.
37
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2009
Enterprise Funds
Water and Drainage
Wastewater Utility Totals
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers $ 11,338,231 $ 872,442 $ 12,210,673
Cash paid to suppliers for goods and services ( 2,104,782) ( 355,678) ( 2,460,460)
Cash paid to employees for services ( 7,481,237) ( 140,324) ( 7,621,561)
Net cash provided by operating activities 1,752,212 376,440 2,128,652
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Transfers out 816,297) 7,500) 823,797)
Net cash used for noncapital
financing activities 816,297) 7,500) 823,797)
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Acquisition of capital assets 622,556) 62,473) 685,029)
Principal paid on debt 640,000) 170,000) 810,000)
Interest paid on debt 241,223) 90,138) 331,361)
Net cash used for capital and
related financing activities 1,503,779) 322,611) 1,826,390)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase (sale) of investments 2,716,980 75,479 2,792,459
Earnings on investments 154,414 14,526 168,940
Net cash provided by investing activities 2,871,394 90,005 2,961,399
NET INCREASE IN CASH
AND CASH EQUIVALENTS 2,303,530 136,334 2,439,864
CASH AND CASH EQUIVALENTS, BEGINNING 3,721,426 552,036 4,273,462
CASH AND CASH EQUIVALENTS, ENDING $ 6,024,956 $ 688,370 $ 6,713,326
( continued)
38
CITY OF COLLEYVaLE, TEXAS
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
(Continued)
YEAR ENDED SEPTEMBER 30, 2009
Enterprise Funds
Water and Drainage
Wastewater Utility Totals
Reconciliation of operating income (loss) to net cash
provided (used) by operating activities:
Operating income $ 691,496 $ 216,621 $ 908,117
Adjustments to reconcile operating income (loss)
to net cash provided by (used for) operating activities:
Depreciation and amortization expense 1,689,395 157,339 1,846,734
Changes in assets and liabilities:
Decrease (increase) in assets:
Accounts receivable 39,731 2,195) 37,536
Inventory 12,645) 12,645)
Accrued interest receivable 16,772 363 17,135
Increase (decrease) in liabilities:
Accounts payable 669,547) 4,202 665,345)
Accrued liabilities 6,409 1,211 7,620
Compensated absences payable 2,316 ( 230) 2,086
Customer deposits 1,700) 1,700)
Advances from developers 2,500 ) 2,500)
Escow funds 1,168) 1,168)
Accrued interest payable 6,347) 871) 7,218)
Net cash provided by operations $ 1,752,212 $ 376,440 $ 2,128,652
Noncash investing, capital, and financing activities:
Contributions of capital assets $ 63,293 $ $ 63,293
The notes to the fmancial statements are an integral part of this statement.
39
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF FIDUCIARY NET ASSETS
FIDUCIARY FUNDS
SEPTEMBER 30, 2009
Agency Food
ASSETS
Cash and investments $ 24,185
Total assets $ 24, 185
LIABILITIES
Due to other agencies and individuals $ 24,185
T otalliabilities $ 24,185
The accompanying notes are an integral part of these fmancial statements.
40
CITY OF COLLEYVILLE, TEXAS
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2009
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of Colleyville Home Rule Charter was adopted by the voters at an election held on
January 15, 1977. The City operates under a Council-Manager form of government.
The accounting policies of the City of Colleyville, Texas (the "City") conform to generally
accepted accounting principles as applicable to governmental units. The following is a summary
of the more significant of such policies:
A. ReDortin!! Entitv
As required by generally accepted accounting principles, these financial statements present
the government and its component units, entities for which the government is considered to
be financially accountable. Blended component units, although legally separate entities are,
in substance, part of the government's operations and so data from these units are combined
with data of the primary government. Each directly presented component unit, on the other
hand, is reported in a separate column in the combined financial statements to emphasize it is
legally separate from the government. Each blended component unit has a September 30
year-end.
Blended Component Unit - The Colleyville Economic Development Corporation (CEDC)
was incorporated on September 3, 1996, as a nonprofit industrial development corporation
under the Development Corporation Act of 1979 ("Act"). The CEDe operates under a seven
(7) member Board of Directors appointed by the City Council. Each of the directors shall be
a resident of the City. The Corporation is organized exclusively for the purposes of
benefiting and accomplishing public purposes of and to act on behalf of, the City, and the
specific purposes for which the Corporation is organized. This includes municipal park
improvements, the purchase of land and improvements for additional neighborhood parks,
the construction of a community center and library. Although it is legally separate from the
City, the CEDC is reported as if it were part of the primary government, because CEDC is
financing public improvements and the City is the primary beneficiary of the services
provided.
( continued)
41
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
A. ReDortinf! Entitv (Continued)
Blended Component Unit - Colleyville Crime Control and Prevention District (the District)
was formed under Chapter 363 of the Texas Local Government Code, the Crime Control and
Prevention District Act. The District is organized to act on behalf of the City for financing,
development of crime control throughout the City. The District is governed by a seven-
member board consisting of all members of the City Council. The District is reported as a
part of the primary government because it provides services entirely for the City.
Discretely Presented Component Unit - Colleyville Tax Increment Financing Reinvestment
Zone Number One (the TIF) was formed to make public improvements, under the authority
of the Tax Increment Financing Act. The TIF is governed by a 9-member board consisting
of five members appointed by the City Council and one member each appointed by the four
other participating taxing entities. The primary government appoints a voting majority of the
unit's governing body and the City has a potential economic benefit from this unit.
Therefore, the TIF is presented in the accompanying financial statements as a discretely
presented component unit. Separate financial statements of the individual component units
are not available.
B. Government-wide Fund Financial Statements
The gove~ent-wide financial statements (i.e., the statement of net assets and the statement
of activities) report information on all of the nonfiduciary activities of the primary
government and its component units. For the most part, the effect of interfund activity has
been removed from these statements. Governmental activities, which normally are supported
by taxes and intergovernmental revenue, are reported separately from business-type
activities, which rely to a significant extent on fees and charges for support. Likewise, the
primary government is reported separately from certain legally separate component units for
which the primary government is financially accountable.
The statement of activities demonstrates the degree to which the direct expenses of a given
function or segment are offset by program revenue. Direct expenses are those that are clearly
identifiable with a specific function or segment. Program revenue includes 1) charges to
customers or applicants who purchase, use, or directly benefit from goods, services, or
privileges provided by a given function or segment, and 2) grants and contributions that are
restricted to meeting the operational or capital requirements of a particular function or
segment. Taxes and other items not properly included among program revenue are reported
instead as general revenue.
Separate financial statements are provided for governmental funds, proprietary funds, and
fiduciary funds, even though the latter are excluded from the government-wide financial
statements. Major individual governmental funds and major individual Enterprise Funds are
reported as separate columns in the fund financial statements.
( continued)
42
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
C. Measurement Focus" Basis of Accountine: and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources
measurement focus and the accrual basis of accounting, as are the proprietary fund and
fiduciary fund financial statements, except for Agency Funds, which have no measurement
focus. Revenues are recorded when earned and expenses are recorded when a liability is
incurred, regardless of the timing of related cash flows. Property taxes are recognized as
revenue in the year for which they are levied. Grants and similar items are recognized as
revenue as soon as all eligibility requirements imposed by the provider have been met.
Governmental fund financial statements are reported using the current financial resources
measurement focus and the modified accrual basis of accounting. Revenues are recognized
as soon as they are both measurable and available. Revenues are considered to be available
when they are collectible within the current period or soon enough thereafter to pay liabilities
of the current period. For this purpose, the government considers revenue to be available if
collected within 60 days of the end of the current fiscal period. Expenditures generally are
recorded when a liability is incurred, as under accrual accounting. However, debt service
expenditures, as well as expenditures related to compensated absences and claims and
judgments, are recorded only when payment is due.
Property taxes, franchise taxes, sales taxes, and interest associated with the current fiscal
period are all considered to be susceptible to accrual and so have been recognized as revenue
of the current fiscal period. All other revenue items are considered to be measurable and
available only when cash is received by the City.
GOVERNMENTAL FUNDS
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
type) 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 fund types:
The City reports the following major governmental funds:
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 in
another fund.
The Debt Service Fund - is used to account for the acquisition of resources
for, and the payment of, general long-term debt principal and interest, and
related costs.
( continued)
43
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
c. Measurement Focus.. Basis of Accountinf! and Financial Statement Presentation
(Continued)
GOVERNMENTAL FUNDS (Continued)
The CaDital Proiects Fund - is used to account for financial resources to be
used for the acquisition or construction of general major capital facilities.
Financing is provided primarily by the sale of general obligation bonds and
developer contributions.
The Caoital Proiects Fund - Collevville Tomorrow Fund - is used to account
for proceeds received on gas leases on City-owned property to be used for
capital purchases.
Additionally, the City also reports the following fund type:
The Soecial Revenue Fund - accounts for the revenues and expenditures
associated with a special project or purpose.
PROPRIETARY FUNDS
Proprietary Funds are used to account for activities that are similar to those often found
in the private sector. The measurement focus is upon determination of net income and
capital maintenance.
The City reports the following major proprietary funds:
The Water and Wastewater Fund - is 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
revenue earned, expenses incurred, and/or net income is appropriate for
capital maintenance, public policy, management control, accountability, or
other purposes. This fund is used to account for water and wastewater
operations.
The Drainaee Utilitv Fund - is used to account for the establishment and
maintenance of drainage facilities within the municipal boundaries of the City.
All activities necessary to provide such facilities are accounted for in this
fund, included but not limited to, administration, operations, maintenance,
billing and collections.
( continued)
44
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES. (Continued)
c. Measurement Focus.. Basis of Accountin!!: and Financial Statement Presentation
(Continued)
FIDUCIARY FUNDS
Aeencv Fund - Fiduciary Funds are used to account for assets held by the
City in a trustee capacity or as an agent on behalf of others. Agency funds are
custodial in nature and do not present results of operations or have a
measurement focus. The City has two agency funds: Employee Activity and
the Sesquicentennial Fund.
Private-sector standards of accounting and financial reporting issued prior to December 1,
1989, generally are followed in both the government-wide and proprietary fund financial
statements to the extent that those standards do not conflict with or contradict guidance of the
Governmental Accounting Standards Board. Governments also have the option of following
subsequent private-sector guidance for their business-type activities and Enterprise Funds,
subject to this same limitation. The City has elected not to follow subsequent private-sector
guidance.
As a general rule, the effect of interfund activity has been eliminated from the govemment-
wide financial statements. Exceptions to this general rule are charges between the City's
water and wastewater function and various other functions of the government. Elimination
of these charges would distort the direct costs and program revenue reported for the various
functions concerned.
Amounts reported as program revenues include: 1) charges to customers or applicants for
goods, services, or privileges provided, 2) operating grants and contributions, and 3) capital
grants and contributions, including special assessments. Internally dedicated resources are
reported as general revenues rather than as program revenue. Likewise, general revenue
includes all taxes.
Proprietary funds distinguish operating revenues and expenses from nonoperating items.
Operating revenues and expenses generally result from providing services and producing and
delivering goods in connection with a proprietary fund's principal ongoing operations. The
principal operating revenues of the City's Enterprise Funds are charges to customers for sales
and services. Operating expenses for Enterprise Funds include the cost of sales and services,
administrative expenses, and depreciation on capital assets. All revenue and expenses not
meeting this definition are reported as nonoperating revenue and expenses.
D. Cash and Cash EQuivalents
For purposes of the statement of cash flows, the Enterprise Fund considers all highly liquid
investments (investments with original maturities less than 90 days, including restricted
assets) to be cash equivalents.
( continued)
45
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
E. Investments
In accordance with GASB Statement No. 31, the City's general policy is to report money
market investments and short-term participating interest-earning investment contracts at
amortized cost and to report nonparticipating interest-earning investment contracts using a
cost-based measure. However, if the fair value of an investment is significantly affected by
the impairment of the credit standing of the issuer or by other factors, it is reported at fair
value. All other investments are reported at fair value unless a legal contract exists which
guarantees a higher value. The term "short-term" refers to investments, which have a
remaining term of one year or less at time of purchase. The term "nonparticipating" means
that the investment's value does not vary with market interest rate changes.
F. Receivables and Pavables
Activity between funds that are representative of lending/borrowing arrangements
outstanding at the end of the fiscal year are referred to as either "due to/from other funds"
(i.e., the current portion of interfund loans) or "advances to/from other funds" (i.e., the
noncurrent portion of interfund loans). All other outstanding balances between funds are
reported as "due to/from other funds." Any residual balances outstanding between the
governmental activities and business-type activities are reported in the government-wide
financial statements as "internal balances."
Advances between funds, as reported in the fund financial statements, are offset by a fund
balance reserve account in applicable governmental funds to indicate that they are not
available for appropriation and are not expendable available financial resources.
All trade and property tax receivables are shown net of an allowance for uncollectibles.
Trade accounts receivable in excess of 30 days comprise the trade accounts receivable
allowance for uncollectibles. The property tax receivable allowance is equal to one percent
of outstanding property taxes at September 30, 2009.
Property taxes are levied on October 1 and attach as an enforceable lien on property as of
January 1. Statements are mailed on October 1, or as soon thereafter as possible, and are due
upon receipt. All unpaid taxes become delinquent if not paid before February 1 of the
following year.
G. Inventories
Inventories in the Enterprise Fund are valued at cost (first-in, first-out method).
( continued)
46
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
H. Caoital Assets
Capital assets, which include property, plant, equipment and infrastructure assets (e.g. roads,
bridges, sidewalks and similar items) are reported in the applicable governmental or
business-type activities columns in the government-wide financial statements. The City
defines capital assets as assets with an initial, individual cost of more than $5,000 (amount
not rounded) and an estimated useful life in excess of one year. Such assets are recorded at
historical cost or estimated historical cost if purchased or constructed. Donated capital assets
are recorded at estimated fair market value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or
materially extend assets' lives are not capitalized.
Major outlays for capital assets and improvements are capitalized as projects are constructed.
Property, plant and equipment is depreciated using the straight-line method over the
following estimated useful lives:
Assets
Years
Buildings
Improvements
Equipment
Infrastructure (streets and drainage)
Water distribution/sewer collection
15 - 50
20 - 50
5 - 10
50
5 -40
I. Other Assets - Enterprise Fund
Other assets consist of expenses incurred in connection with the issuance of certain outstanding
revenue bonds. Such charges are amortized on a straight-line basis over the lives of the bonds.
J. Comoensated Absences
City employees are granted vacation and sick pay in varying amounts. In the event of
termination, an employee is paid for all accumulated, unused vacation. Vacation pay is
accrued as it vests to the employee. Sick pay is recorded when paid or upon retirement when
a maximum of 90 days is paid. The accrued sick pay is not recorded, as the City's policy is
not to compensate employees upon separation of services with the City, except for
retirement, and such amounts are not considered material. All vacation pay is accrued when
incurred in the government-wide and proprietary fund financial statements.
( continued)
47
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
K. LODt!-term Oblie:ations
In the government-wide financial statements and proprietary fund types in the fund financial
statements, long-term debt and other long-term obligations are reported as liabilities in the
applicable governmental activities, business-type activities, or proprietary fund type
statement of net assets.
In the fund financial statements, the face amount of debt issued is reported as other financing
sources for the governmental fund types.
F or governmental fund types, bond premiums and discounts, as well as issuance costs, are
recognized during the current period. Bond proceeds are reported as an other financing
source. Issuance costs, even if withheld from the actual net proceeds received, are reported
as expenditures. For proprietary fund types, bond premiums and discounts, as well as issuance
costs, are charged to current operations rather than being deferred and amortized due to the
relatively immaterial effect on the basic financial statements taken as a whole.
L. Fund EQuitv
Restrictions of fund balance represent amounts that are not available for appropriation or are
legally segregated for specific purposes. Restrictions of net assets are limited to outside third
party restrictions. Designations of fund balance represent tentative management plans that
are subject to change.
In the Special Revenue Funds, fund balances reserved for other represent amounts which are
restricted for expenditure in accordance with the purposes for which the fund was
established, such as park and library improvements, tree preservation, hosting recreational
events and tournaments, and increasing recycling efforts within the City. Amounts under
these reservations are listed on the accompanying basic financial statements as reserved for
other.
M. Risk Manae:ement
Insurance coverage for property, liability and workers' compensation is provided by the
Texas Municipal League Intergovernmental Risk Pool, a state insurance pool. Contributions
to the Risk Pool for workers' compensation are based on the City's past claims history. The
Risk Pool is self-sustaining through members' contributions and maintains insurance to limit
risk of loss with an external insurance company. Settlement claims have not exceeded
aggregate limits in the past three fiscal years.
48
2. RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATElVIENTS
Explanation of Certain Differences Between the Governmental Fund Balance Sheet and the
Government-wide Statement of Net Assets
The governmental fund balance sheet includes a reconciliation between fund balance - total
governmental funds and net assets - governmental activities as reported in the government-wide
statement of net assets. One element of that reconciliation explains, "Long-term liabilities are
not due and payable in the current period and therefore are not reported in the funds." The
details of this $(24,674,821) difference are as follows:
Serial Bonds and Certificates of Obligation
Accrued interest payable
Compensated absences
Principal retirement
$( 26,803,734)
( 128,388)
10,576
2,246,725
Net adjustment to reduce fund balance - total
governmental funds to arrive at net assets -
governmental activities
$( 24,674,821)
Explanation of Certain Differences Between the Governmental Fund Statement of Revenue"
Expenditures and Chanf!es in Fund Balances and the Government-wide Statement of
Activities
The governmental fund statement of revenue, expenditures and changes in fund balances
includes a reconciliation between net changes in fund balances - total governmental fund and
changes in net assets of governmental activities as reported in the government-wide statement of
activities. One element of that reconciliation explains, "Governmental funds report capital
outlays as expenditures. However, in the statement of activities the cost of those assets is
allocated over their estimated useful lives and reported as depreciation expense." The details of
this $(557,184) difference are as follows:
Capital outlay
Depreciation expense
$
(
2,759,774
3,316,958)
Net adjustment to increase net changes in fund balances -
total governmental funds to arrive at changes in net
assets of governmental activities
$(
557,184)
( continued)
49
2. RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS
(Continued)
Exolanation of Certain Differences Between the Governmental Fund Statement of Revenue..
Expenditures and Chanees in Fund Balances and the Government-wide Statement of
Activities (Continued)
Another element of that reconciliation states, "Revenues in the statement of activities that do not
provide current financial resources are not reported as revenues in the funds." The details of this
$68,377 difference are as follows:
Property taxes
Ambulance revenue
Adjudicated fines
$
42,554
23,864
1,959
Net adjustment to increase net changes in fund balances -
total governmental funds to arrive at changes in net
assets of governmental activities
$
68,377
Another element of that reconciliation states, "The issuance of long-term debt (e.g., bonds,
leases) provides current financial resources to governmental funds, while the repayment of the
principal of long-term debt consumes the current financial resources of governmental funds."
Neither transaction, however, has any effect on net assets. The details of this $2,246,725
difference are as follows:
Principal payments and refundings
$
2,246,725
Net adjustment to reduce fund balance -total
governmental funds to arrive at net assets -
governmental activities
$
2,246,725
Another element of that reconciliation states, "Some expenses reported in the statement of
activities do not require the use of current financial resources, and therefore are not reported as
expenditures in governmental funds." The details of this $12,850 difference are as follows:
Compensated absences
Accrued interest
Loss on sale of assets
$
10,576
10,796
8,522)
(
Net adjustment to decrease net changes infund balances-
total governmental funds to arrive at changes in net
assets of governmental activities
$
12,850
50
3. STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY
A. Bude:etarv Information
The City Council follows these procedures in establishing budgetary data reflected in the
basic financial statements:
(1) Prior to September 1, the City Manager submits to the City Council a
proposed operating budget for the fiscal year commencing the following
October 1. The operating budget includes proposed expenditures and the
means of financing them.
(2) Public hearings are conducted to obtain taxpayer comments.
(3) Prior to September 30, the budget is legally enacted through passage of an
ordinance.
( 4) The City Manager is authorized to transfer budgeted amounts between
departments within any fund; however, any revisions that alter the total
expenditures of any fund must be approved by the City Council.
(5) Formal budgetary integration is employed as a management control device
during the year for the General, Debt Service, and Enterprise Funds.
Budgetary control is maintained at the fund level.
Internal budgets are prepared and reviewed by the City Council for
expenditures of Special Revenue Funds. These budgeted expenditures are not
formally adopted by the City Council. No budgets were prepared for revenue
of these funds for the year ended September 30, 2009.
(6) Budgets for the General and the Debt Service Funds are adopted on a basis
consistent with generally accepted accounting principles (GAAP). Formal
budgeted amounts are as amended by the City Council for the General, Debt
Service and Enterprise Funds.
(7) Budgetary data for the Capital Projects Fund has not been presented in the
accompanying basic financial statements, as such funds are budgeted over the
life of the respective project and not on an annual basis. Accordingly, formal
budgetary integration of the Capital Projects Fund is not employed and
comparison of actual results of operations to budgetary data for such fund is
not presented.
(8) Budgetary data for the Enterprise and Drainage Utility Funds has not been
presented since the reporting on such budgets is not legally required.
Expenditures Over Appropriations
General Fund expenditures in the Fire and Rescue function and capital outlay exceeded
appropriations by $9,242 and $208,391, respectively. These overages were funded by
under spending in other functions.
( continued)
51
3. STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY (Continued)
A. Bud!!:etarv Data (Continued)
Encumbrances
Encumbrance accounting, under which purchase orders, contracts, and other commitments
for the expenditure of funds are recorded in order to reserve that portion of the applicable
fund balance, is employed in the governmental funds. Encumbrances are reported as
reservations of fund balances because they do not constitute expenditures or liabilities.
4. DETAILED NOTES ON ALL FUNDS
DeDosits and Investments
As of September 30, 2009, the City had the following investments:
Investment Type
Fair
Value
Weighted Average
Maturity (Days)
LOGIC
U. S. Treasuries and Agencies
$
27,716,227
10,766,564
56
432
Total fair value
$
38,482,791
Portfolio weighted average maturity (days)
The Public Funds Investment Act (Government Code Chapter 2256) contains specific provisions
in the areas of investment practices, management reports and establishment of appropriate
policies. Among other things, it requires the City to adopt, implement, and publicize an
investment policy. That policy must address the following areas: (1) safety of principal and
liquidity, (2) portfolio diversification, (3) allowable investments, (4) acceptable risk levels, (5)
expected rates of return, (6) maximum allowable stated maturity of portfolio investments, (7)
maximum average dollar-weighted maturity allowed based on the stated maturity date for the
portfolio, (8) investment staff quality and capabilities, and (9) bid solicitation preferences for
certificates of deposit. Statutes authorize the City to invest in (1) obligations of the U. S.
Treasury, certain U. S. agencies, and the State of Texas; (2) certificates of deposit, (3) certain
municipal securities, (4) money market savings accounts, (5) repurchase agreements, (6) bankers
acceptances, (7) Mutual Funds, (8) investment pools, (9) guaranteed investment contracts, and
(10) common trust funds. The Act also requires the City to have independent auditors perform
test procedures related to investment practices as provided by the Act. The City is in substantial
compliance with the requirements of the Act and with local policies.
( continued)
52
4. DETAILED NOTES ON ALL FUNDS (Continued)
DeDosits and Investments (Continued)
The City's investment pools are 2a7-like pools. A 2a7-like pool is one which is not registered
with the Securities and Exchange Commission ("SEC") as an investment company, but
nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC's
Rule 2a7 of the Investment Company Act of 1940.
Interest Rate Risk. In accordance with its investment policy, the government manages its
exposure to declines in fair market values by limiting the average dollar weighted maturity of its
investment portfolios to a maximum of 180 days.
Custodial Credit Risk. In the case of deposits, this is the risk that in the event of a bank failure,
the City's deposits may not be returned to it. As of September 30, 2009, $538,345 of the City's
$788,345 deposit balance was collateralized with securities held by the pledging financial
institution. The remaining balance, $250,000, was covered by FDIC insurance.
Credit Risk. It is the City's policy to limit its investments to investment types with an
investment quality rating not less than A or its equivalent by a nationally recognized statistical
rating organization. The City's investment pools are rated as follows by Standard & Poor's
Investors Service.
LOGIC
U. S. Treasuries
AAAm
AAA
Receivables
Receivables as of year-end for the government's individual major funds, nonmajor funds and
enterprise funds in the aggregate, including the applicable allowances for uncollectible accounts,
are as follows:
Governmental Funds Enterprise Funds
Debt Capital Nonmajor Water and Drainage
General Service Projects Funds Wastewater Utility Total
Receivables:
Accounts $ 423,856 $ $ $ $ 1,675,380 $ 101,799 $ 2,201,035
Taxes 193,561 47,717 241,278
Due from other
governments 454,860 7,698 380,314 842,872
Accrued interest 59,677 17,158 18,850 95,685
Gross receivables 1,131,954 55,415 17,158 399,164 1,675,380 101,799 3,380,870
Less: allowance for
unco llectibles 348,131) 28,066) 376,197)
Net total receivables $ 783,823 $ 55,415 $ 17,158 $ 399,164 $ 1,647,314 $ 101,799 $ 3,004,673
( continued)
53
4. DETAILED NOTES ON ALL FUNDS (Continued)
Receivables (Continued)
Governmental funds report deferred revenue in connection with receivables for revenue that is
not considered to be available to liquidate liabilities of the current period. Governmental funds
also defer revenue recognition in connection with resources that have been received, but not yet
earned. At the end of the current fiscal year, the various components of deferred revenue and
unearned revenue reported in the governmental funds were as follows:
Unavailable
Unearned
General Fund
Delinquent property taxes receivable
Other
Total General Fund
$
193,561
66,052
259,613
$
Debt Service Fund
Delinquent property taxes receivable
Total Debt Service Fund
47,717
47,717
Total Governmental Funds
$
307,330
$
The City's property tax is levied each October 1 on the assessed value listed as of the prior
January 1 for all real property and certain personal property located in the City. Tax liens attach
as of January 1. The assessed value, net of exemptions, upon which the fiscal 2009 levy was
based, was $3,510,239,091.
Property taxes are limited by the Texas constitution to $2.50 per $100 of assessed valuation and
by City Charter to $1.50 per $100 valuation. Also, the tax rate set per budget year shall not
result in property tax revenue increase greater than seven percent of the total property tax
revenue collected in the preceding budget year, adjusted for new construction, unless authorized
by the voters of the City at a special election. The combined tax rate to finance general
governmental service and debt service for the year ended September 30, 2009, was $.3559 per
$100 of assessed valuation.
Taxes are due by January 31 following the levy date. Tax collections, including related penalties
and interest, was $12,078,866 for the year ended September 30, 2009. Property taxes receivable
at September 30, 2009, were $241,278.
The appraisal of property within the City is the responsibility of a countywide appraisal district
as required by legislation passed by the Texas Legislature. The appraisal district is required
under such legislation to assess all property within the appraisal district on the basis of 100% of
its appraised value and is prohibited from applying any assessment ratios. The value of property
within the appraisal district must be reviewed every three years; however, the City may, at its
own expense, require annual reviews of appraised values. The City may challenge appraised
values established by the appraisal district through various appeals and, ifnecessary, legal action.
( continued)
54
4. DETAILED NOTES ON ALL FUNDS (Continued)
CaDital Assets
Capital asset activity for the year ended September 30, 2009, was as follows:
Primary Government
Beginning Ending
Balance Increases Decreases Balance
Governmental activities:
Capital assets, not being depreciated:
Land $ 9,293,654 $ $ $ 9,293,654
Construction in progress 4,645,335 1,703,955 ( 4,208,866) 2,140,424
Total assets not being depreciated 13,938,989 1,703,955 ( 4,208,866) 11,434,078
Capital assets, being depreciated:
Buildings and improvements 40,433,039 103,669 40,536,708
Machinery and equipment 7,028,032 638,866 302,402) 7,364,496
Infrastructure 70,656,502 4,545,597 75,202,099
Total capital assets being depreciated 118,117,573 5,288,132 302,402) 123,103,303 .
Less accumulated depreciation:
Buildings and improvements 7,649,524) 1,245,698) 8,895,222)
Machinery and equipment 5,619,431) 566,143) 293,880 5,89] ,694)
Improvements other than buildings 15,060,568) 1,505,117) 16,565,685)
Total accumulated depreciation 28,329,523) 3,316,958) 293,880 3 ] ,352,60 1 )
Total capital assets being depreciated, net 89,788,050 1,971,174 8,522) 91,750,702
Governmental activities capital
assets, net $ 103,727,039 $ 3,675,129 $( 4,217,388) $ 103,184,780
( continued)
55
4. DETAILED NOTES ON ALL FUNDS (Continued)
Capital Assets (Continued)
Beginning Ending
Balance Increases Decreases Balance
Business...type activities:
Capital assets, not being depreciated:
Land $ 313,057 $ $ $ 313,057
Construction in progress 7,967,420 528,483 ( 8,134,161) 361,742
Total assets not being depreciated 8,280,477 528,483 ( 8,134,161) 674,799
Capital assets, being depreciated:
Buildings and improvements 53,922 53,922
Machinery and equipment 1,778,060 37,575) 1,740,485
Improvements other than buildings 59,062,048 8,333,176 3,603) 67,391,621
Total capital assets being depreciated 60,894,030 8,333,176 41 ,178) 69,186,028
Less accumulated depreciation:
Buildings and improvements 45,547) 818) 46,365)
Machinery and equipment 2,225,222) 170,569) 37,575 2,358,216)
Improvements other than buildings 19,581,590) 1,633,697) 3,603 21,211,684)
Total accumulated depreciation 21,852,359) 1,805,084) 41,178 23,616,265)
Total capital assets being depreciated, net 39,041,671 6,528,092 45,569,763
Business-type activities capital assets, net $ 47,322,148 $ 7,056,575 $( 8,134,161) $ 46,244,562
Component unit:
Capital assets, not being depreciated:
Construction in progress $ 4,622,766 $ 544,733 $( 1,800,940) $ 3,366,559
Total assets not being depreciated 4,622,766 544,733 ( 1,800,940) 3,366,559
Capital assets, being depreciated:
Improvements other than buildings $ $ 1,800,940 $ $ ] ,800,940
Total capital assets being depreciated 1,800,940 1,800,940
Less accumulated depreciation:
Improvements other than buildings $ $( 36,019) $ $( 36,019)
Total accumulated depreciation ( 36,019) ( 36,019)
Total capital assets being depreciated, net 1,764,921 1,764,921
Component unit capital assets, net $ 4,622,766 $ 2,309,654 $( 1,800,940) $ 5,131,480
( continued)
56
4. DETAILED NOTES ON ALL FUNDS (Continued)
Capital Assets (Continued)
Depreciation expense was charged to functions/programs of the primary government as follows:
Governmental activities:
General government
Fire and rescue
Leisure services
Maintenance
Police
Streets and drainage
Total depreciation expense - governmental activities
Business-type activities:
Water and wastewater
Drainage utility
Total depreciation expense - business-type activities
Construction Commitments
$
307,787
275,892
884,693
6,206
255,290
1,587,090
3,316,958
$
$
1,649,539
155,545
1,805,084
$
The government has active construction projects as of September 30, 2009. The major projects
are listed as follows:
Interfund Transfers
Transfer In
Nonmajor
Debt Capital Government
General Service Proj ects Funds Total
Transfer Out:
General $ $ $ 963,346 $ 26,412 $ 989,758
Nonmajor governmental 502,721 22,500 525,221
Water and wastewater 816,297 816,297
Drainage utility 7,500 7,500
Total Transfers Out $ 816,297 $ 502,721 $ 963,346 $ 56,412 $ 2,338,776
Project
Spent-to-date
McPherson Park II
$
$
1,325,961
1,325,961
Total
Interfund Receivables.. Pavables and Transfers
The composition of inter fund balances as of September 30,2009, is as follows:
( continued)
57
Remaining
Commitment
$
$
133,498
133,498
4. DETAILED NOTES ON ALL FUNDS (Continued)
Interfund Receivables.. Payables and Transfers (Continued)
Interfund Transfers (Continued)
The transfer of $816,297 from the Utility Fund to the General Fund represents the 2009
Administrative transfer and the franchise fee based on gross water and wastewater revenue of the
prior year's audited financial statements. The transfer of $989,758 from the General Fund to the
Capital Projects and nonmajor governmental funds represents transfers for capital replacement.
The transfer of $502,721 from the Crime District to the Debt Service Fund is for the repayment
of debt. All principal and interest is paid from the Debt Service Fund's bank account.
Cauital Leases
The City has entered into a lease agreement as lessee for financing and acquisition of equipment
for the Fire Department. This lease agreement qualifies as a capital lease for accounting
purposes and, therefore, has been recorded at the present value of its future minimum lease
payments as of the inception date.
The assets acquired through capital leases are as follows:
Governmental
Activities
Asset:
Machinery and equipment
Less: accumulated depreciation
$
(
584,866
198,716)
Total
$
386,150
Business-type
Activities
$
(
71,077
41,711)
$
29,366
The future minimum lease obligations and the net present value of these minimum lease
payments as of September 30,2009, were as follows:
Governmental
Activities
2010
2011
2012
2013
2014
2015
Total minimum lease payments
$
87,900
87,900
87,900
49,723
49,723
49,723
412,869
Less: amount representing interest
(
52,873 )
Present value of minimum lease payments
$
359,996
( continued)
58
Business-type
Activities
$
$
4. DETAILED NOTES ON ALL FUNDS (Continued)
Lon!;!-term Liabilities
General Obligation Bonds
The government issues general obligation bonds to provide funds for the acquisition and
construction of major capital facilities. General obligation bonds have been issued for
governmental activities. The original amount of general obligation bonds issued in prior years
was $22,015,000.
General obligation bonds are direct obligations and pledge the full faith and credit of the
government. These bonds generally are issued as 20-year serial bonds with equal amounts of
principal maturing each year. General obligation bonds currently outstanding are as follows:
Purpose
Interest Rates
Amount
Governmental activities
3.64% - 6.00%
$ 23,864,370
$ 23,864,370
Long-term liability activity for the year ended September 30, 2009, was a follows:
Balance Balance Amounts
October 1, September 30, Due Within
2008 Additions Retirements 2009 One Year
Governmental activities
General obligation bonds and
certificates of obligation $ 16,275,000 $ $ 1,610,000 $ 14,665,000 $ 1,365,000
Sales tax revenue bonds 9,795,916 596,546 9,199,370 626,546
Capital lease obligations 430,549 70,553 359,996 71,223
Compensated absences 615,726 10,576 605,150 121,030
Total governmental activities 27,117,191 2,287,675 24,829,516 2,183,799
B usiness-tvDe activities
Revenue bonds and certificates
of obligation 7,880,000 810,000 7,070,000 855,000
Compensated absences 85,572 2,086 87,658 17,532
Total business-type activities 7,965,572 2,086 810,000 7,157,658 872,532
Total primary government $ 35,082,763 $ 2,086 $ 3,097,675 $ 31,987,174 $ 3,056,331
ComDonent unit
Tax Increment Financing Fund
Revenue Bonds $ 6,730,000 $ $ 430,000 $ 6,300,000 $ 450,000
Total component unit $ 6,730,000 $ $ 430,000 $ 6,300,000 $ 450,000
For the governmental activities, compensated absences are generally liquidated by the General
Fund.
( continued)
59
4. DETAILED NOTES ON ALL FUNDS (Continued)
Lone-term Liabilities (Continued)
Governmental activities long-term liabilities at September 30, 2009, consisted of the following:
General obligation bonds and certificates of obligation serviced by property tax revenue:
$500,000 Series 1999 General Obligation Bonds due in annual
installments of $5,000 to $40,000 through February 15, 2019; interest at
4.00% to 6.00%.
$
25,000
$9,045,000 Series 2001 General Obligation Bonds due in annual
installments of $55,000 to $1,030,000 through February 15, 2014;
interest at 4.00% to 4.60%.
3,925,000
$3,000,000 Series 2002 Tax and Waterworks and Sewer System Surplus
Revenue Certificates of Obligation Bonds due in annual installments of
$110,000 to $170,000 through February 15, 2020; interest at 4.20% to
4.70%.
1,470,000
$4,895,000 Series 2006 General Obligation Refunding bonds due in
annual installments of $25,000 to $540,000 through February 15, 2019;
interest at 3.64%.
4,720,000
$4,575,000 Series 2007 General Obligation Bonds due in annual
installments of $50,000 to $555,000 through February 15, 2027; interest
at 4.00% to 5.00%.
4,525,000
Total General Obligation Bonds and Certificates of Obligation
$
14,665,000
$7,170,000 Series 1999 Texas Tax and Waterworks and Sewer System
Certificates of Obligation due in annual installments of $5,000 to
$565,000 through February 15, 2019; interest at 3.60% to 5.60%.
$9,570,000 Series 2005 Colleyville Economic Development Corporation
Refunding and Improvement Sales Tax Revenue Bonds due in annual
installments of $20,000 to $635,000 through February 15, 2029; interest
at 4.10%
$
335,000
Unamortized gain on refunding
8,835,000
29,370
Total Revenue Bonds
$
9,199,370
The funds utilized for the repayment of long-term liabilities for governmental activities are the
Debt Service Fund, the Crime District Fund and the Colleyville Economic Development
Corporation.
( continued)
60
4. DETAILED NOTES ON ALL FUNDS (Continued)
Lon!!-term Liabilities (Continued)
The City's defeased debt as of September 30,2009, was $2,188,006.
Business-type activities long-term liabilities at September 30, 2009, consisted of the following:
Water and Wastewater Fund:
$4,220,000 Series 1996 Waterworks and Wastewater System Revenue
and Refunding Bonds due in annual installments of $100,000 to
$335,000 through January 1, 2017; interest at 3.75% to 5.60%.
$
1,325,000
$2,825,000 Series 1998 Waterworks and Wastewater System Revenue
Bonds due in annaul installments of $85,000 to $220,000 through
January 1, 2018; interest at 4.25% to 6.75%.
1,615,000
$2,580,000 Series 2002 WatelWorks and Wastewater System Revenue
Bonds due in annual installments of $130,000 to $255,000 through
January 1, 2015; interest at 2.00% - 4.00%.
1,345,000
$1,710,000 Series 2004 Waterworks and Wastewater System Refunding
Bonds due in annual installments of $150,000 to $195,000 through
January 1, 2014; interest at 3.73%.
915,000
Total Water and Wastewater Fund
$
5,200,000
Drainage Utility Fund:
$3,025,000 Series 2001 Municipal Drainage Utility System Revenue
Bonds due in annual installments of $85,000 to $220,000 through
February 15,2021; interest at 4.00% to 5.00%.
$
1,870,000
Total Drainage Utility Fund
$
1,870,000
Total Business-type activities
$
7,070,000
The ordinances authorizing the issuance of WatelWorks and Wastewater System Revenue Bonds
created the Interest and Sinking Fund and Reserve Fund. The gross revenue of the waterworks
and wastewater system, after deduction of reasonable expenses of operations and maintenance,
are pledged to such funds in amounts equal to the total annual principal and interest requirements
of the bonds and amounts required to maintain the Reserve Fund. At September 30, 2009, the
City was in compliance with these requirements.
( continued)
61
4. DETAILED NOTES ON ALL FUNDS (Continued)
Lon!!-term Liabilities (Continued)
The City's component unit, the Tax Increment Financing District, long-term liabilities at
September 30, 2009, consisted of the following:
Governmental Activities
General
Obligation Bonds and
Certificates of Obligation Revenue Bonds
September 30, Principal Interest Principal Interest
2010 $ 1,365,000 $ 562,454 $ 625,000 $ 363,493
2011 1,780,000 497,873 300,000 344,195
2012 1,605,000 428,856 315,000 331,587
2013 1,270,000 369,889 330,000 318,365
2014 1,000,000 323,207 340,000 304,630
2015-2019 3,950,000 1,140,052 1,940,000 1,295,805
2020-2024 2,105,000 543,495 2,385,000 853,928
2025-2029 1,590,000 97,400 2,935,000 310,678
$ 14,665,000 $ 3,963,226 $ 9,170,000 $ 4,122,681
Tax Increment Financing District
$680,000 Series 2002 Tax and Tax Increment Revenue Certificates of
Obligation due in installments of $25,000 to $40,000 beginning in 2004
through February 2012; interest at 4.00% to 5.00%.
$7,285,000 Series 2001 Tax Notes due in installments of $350,000 to
$660,000 beginning in 2006 through February 15, 2020; interest at 4.30%
to 5.00%.
Total Tax Increment Financing District
Business-type Activities
$
505,000
5,795,000
$
6,300,000
September 30,
Revenue Bonds
Principal Interest
2010
2011
2012
2013
2014
2015-2019
2020-2021
$ 855,000
885,000
935,000
970,000
1,005,000
2,165,000
255,000
$ 7,070,000
( continued)
62
$ 302,202
266,101
227,618
186,686
143,189
267,001
12,875
$ 1,405,672
4. DETAILED NOTES ON ALL FUNDS (Continued)
LODe-term Liabilities (Continued)
Discretely Presented Component Unit-
Tax Increment Financing Fund
September 30,
Revenue Bonds
Principal Interest
2010
2011
2012
2013
2014
2015-2019
2020
$ 450,000
470,000
490,000
515,000
540,000
3,115,000
720,000
$ 289,209
269,179
247,718
224,980
200,942
580,403
17,970
$ 6,300,000
$ 1,830,401
Emnloyees' Retirement System
Plan Description
The City provides pension benefits for all of its eligible employees through a non-traditional, joint
contributory, hybrid defined benefit plan in the statewide Texas Municipal Retirement System
(TMRS), an -agent multiple-employer public employee retirement system. The plan provisions that
have been adopted by the City are within the options available in the governing state statutes of
TMRS.
TMRS issues a publicly available comprehensive annual financial report that includes financial
statements and required supplementary information (RSI) for TMRS; the report also provides
detailed explanations of the contributions, benefits and actuarial methods and assumptions used by
the System. This report may be obtained by writing to TMRS, P. O. Box 149153, Austin, Texas
78714-9153 or by calling 800-924-8677; in addition, the report is available on TMRS' web site at
www.TMRS.com.
The plan provisions are adopted by the governing body of the City, within the options available in
the state statutes governing TMRS. Plan provisions for the City were as follows:
Plan Year 2008
Plan Year 2009
Employee deposit rate
Matching ratio (city to employee)
Years required for vesting
Service retirement eligibility
(expressed as age/years of service)
Updated service credit
7.0%
2 to 1
5
7.0%
2 to 1
5
Annuity increase (to retirees)
60/5, 0/20
100% repeating,
transfers
70% of CPI
repeating
60/5, 0/20
100% repeating,
transfers
70% of CPI
repeating
( continued)
63
4. DETAILED NOTES ON ALL FUNDS (Continued)
Emplovees' Retirement System (Continued)
Contributions
Under the state law governing TMRS, the contribution rate for each City is determined annually
by the actuary, using the Projected Unit Credit actuarial cost method. This rate consists of the
normal cost contribution rate and the prior service cost contribution rate, which is calculated to
be a level percent of payroll from year to year. The normal cost contribution rate finances the
portion of an active member's projected benefit allocated annually; the prior service contribution
rate amortizes the unfunded (overfunded) actuarial liability (asset) over the applicable period for
that city. Both the normal cost and prior service contribution rates include recognition of the
projected impact of annually repeating benefits, such as Updated Service Credits and Annuity
Increases.
The City contributes to the TMRS Plan at an actuarially determined rate. Both the employees
and the City make contributions monthly. Since the City needs to know its contribution rate in
advance for budgetary purposes, there is a one-year delay between the actuarial valuation that
serves as the basis for the rate and the calendar year when the rate goes into effect. The annual
pension cost and net pension obligation/(asset) are as follows:
Accounting Annual Percentage Net
Year Pension of APC Pension
Ending Cost (APC) Contributed Obligation
09/30/07 $ 1,053,134 100%
09/30/08 1,156,845 100%
09/30/09 1,360,993 100%
The required contribution rates for fiscal year 2009 were determined as part of the December 31,
2006 and 2007 actuarial valuations. Additional information as of the latest actuarial valuation,
December 31, 2008, also follows:
Actuarial Valuation Date
12/31/06 12/31/07 12/31/08
Unit Credit Projected Unit Credit Projected Unit Credit
Level percent Level percent Level percent
of payroll of payroll of payroll
25 years - open 30 years - closed 29 years - closed
Amortized cost Amortized cost Amortized cost
Actuarial cost method
Amortization method
Remaining amortization period
Asset valuation method
Actuarial Assumptions:
Investment rate of return
Projected salary increases
Inflation
Cost-of-living adjustments
70/0
varies by age
and service
3.0%
N/A
7%
varies by age
and service
3.0%
2.1%
7.5%
varies by age
and service
3.0%
2.1%
( continued)
64
4. DETAILED NOTES ON ALL FUNDS (Continued)
Emplovees' Retirement System (Continued)
Schedule of Funding Information
The funded status as of December 31, 2008, the most recent actuarial valuation date, IS as
follows:
Actual Valuation Date
Actuarial value of assets
Actuarial accrued liability
Percent funded
Unfunded (overfunded) actuarial accrued liability (VAAL)
Annual covered payroll
UAAL as a percentage of covered payroll
12/31/08 12/31/07 12/3 1/06
$ 23,644,963 $ 21,257,894 $ 20,045,209
31,826,557 28,297,826 22,297,535
74.3% 75.1 % 89.90/0
8,181,594 7,039,932 2,252,326
10,348,960 9,383,755 8,175,810
79.1 % 75.00/0 27.50/0
Water and Wastewater Contracts
The City has two contracts with the Trinity River Authority of Texas (TRA) for the purchase of treated
water and for the transportation, treatment and disposal of sanitary sewage and other waste. The initial
terms of the contracts are 35 and 50 years, and they expire in 2014 and 2023. While the provisions of
each of the contracts vary, each contract basically requires the City to pay varying amounts based on
the costs associated with water purchased and sewage transported and/or treated and disposed. The
cost includes the City's proportionate share of TRA ' s operating and maintenance expenses, related debt
service costs, and certain other miscellaneous charges. Purchases of treated water and charges for the
transportation, treatment and disposal of sewage and other wastes during 2009 amounted to
approximately $4,573,688 and $1,660,246, respectively.
Advances from Developers
Developers are required by ordinance to construct perimeter streets and related storm drainage
facilities. The developer may request a waiver from the Council for the construction requirements
and instead deposit escrow funds with the City equal to one-half of the estimated cost of
construction, which are utilized by the City to complete the project at some later date. At September
30, 2009, developers had escrowed $284,993 with the City in connection with developer agreements.
Contin2ent Liabilities
The City has been named as a defendant or co-defendant in a number of legal actions. While the
outcome of these cases is not known at this time, City management believes that any awards to
insured parties which must be paid in excess of amounts covered by insurance will not be material to
the financial position of the City.
( continued)
65
4. DETAILED NOTES ON ALL FUNDS (Continued)
Risk Financinf! and Insurance
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; and natural disasters. During the fiscal year
1974, the City joined the Texas Municipal League Workers Compensation Joint Insurance Fund for
risks related to employees. During the fiscal year 1992, the City joined the Texas Municipal League
Joint Insurance Fund for risks related to general liability, property and errors and omissions.
Premiums are paid to the Pool, which retains a limit of loss. Reinsurance companies insure the risks
beyond those limits. The City retains, as a risk, only the deductible amount of each policy. There
have been no significant reductions in insurance coverage and no settlements exceeded insurance
coverage in the past three fiscal years.
Other PostemDlovment Benefits
Supplemental Death Benefits Fund
The City also participates in the cost sharing multiple-employer defined benefit group term life
insurance plan operated by the Texas Municipal Retirement System (TMRS) known as the
Supplemental Death Benefits Fund (SDBF). The City elected, by ordinance to provide group
term life insurance coverage to both current and retired employees. The City may terminate
coverage under and discontinue participation in the SDBF by adopting an ordinance before
November 1 of any year to be effective the Iollowing January 1.
The death benefit for active employees provides a lump sum payment approximately equal to the
employee's annual salary (calculated based on the employee's actual earnings, for the 12-month
period preceding the month of death); retired employees are insured for $7,500; this coverage is
an "other postemployment benefit," or OPEB.
Schedule of Contribution Rates
Accounting
Year
Ending
Annual
Required
Contribution
(Rate)
Actual
Contribution
Made
(Rate)
Percentage
of ARC
Contributed
09/30/07
09/30/08
09/30/09
.01%
.01%
.02%
.01%
.01%
.02%
100%
100%
100%
66
NONMAJOR GOVERNMENTAL FUNDS
SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for specific revenues that are legally restricted to
expenditure for particular purposes.
Voluntary Park - This fund is used to account for the operations for which voluntary
contributions by citizens are used. Contributions are used primarily to support park
activities.
Voluntary Library - This fund is used to account for the operations for which voluntary
contributions by citizens are used. Contributions are used primarily to support library
activities.
Police Asset Forfeiture -This fund is used to account for activity related to seizure of assets
in criminal-related activities.
Tree Preservation - This fund is used to account for operations related to replacement of
trees, which are eliminated due to commercial development. Contributions are received from
entities that are developing the property.
Library Donation - This fund is used to account for private and corporate donations for
capital purchases related to the new library building for the City.
Recreational Event - This fund is used to account for activities related to athletic events for
the City.
Community Development Center - This fund is used to account for contributions received to
construct a community center.
Recycling - This fund is used to account for the promotion of recycling activities in the City
of Colley viI Ie. Contributions are received from the holder of the City's recycling franchise.
LEOSE (Law Enforcement Officer Standards and Education) - This fund is used to
account for activities related to the continuing education of qualified law enforcement
officers as funded by the State of Texas LEOSE Account.
67
Colleyville Economic Development - This fund is used to account for the use of bond proceeds
and sales tax revenues for municipal park improvements, the purchase of land and equipment for
additional neighborhood parks and for the construction of a community center and library.
Crime District - This fund is used to account for the Colleyville Crime Control and Prevention
District formed to act on behalf of the City for financing the development of crime control
throughout the City.
Kidsville Maintenance - This fund is used to account for contributions received for the
maintenance of Kids vii Ie Playground.
Special Donations - This fund is used to account for various donations made to the City for
specific projects.
Court Technology - This fund is used to account for the collection and use of fines collected to
be specifically used on technology for the court.
Court Security - This fund is used to account for the collection and use of fines collected to be
specifically used for security purposes.
Capital and Cable Equipment Replacement - This fund is used to account for the replacement
of cable equipment and other capital equipment.
Sales Tax Incentive Agreement - This fund is used to account for the repayment of sales tax
incentive agreements.
Public Art - This fund is used to account for the acquisition of art to be placed in City owned
facilities with high public visibility.
CAPITAL PROJECTS FUNDS
Capital Projects Funds are used to account for the acquisition and construction of major capital
facilities other than those financed by proprietary funds and trust funds.
Parks Tomorrow Fund - This fund is used to account for proceeds received on gas leases on
City-owned parks property for parks capital projects.
Parkland Dedication Fund - This fund is used to account for the acquisition of land for new
park sites and to make improvements to or expand existing parks to better serve new
development. Fees collected from the developers of residential and commercial development
finance the improvements.
Colleyville Economic Development Corporation (CEDC) - This fund is used to account for
financial resources to be used for the acquisition of construction of CEDC capital facilities.
Financing is provided primarily by the revenue from certificate of obligation bonds.
Kimzey Park - This fund is used to account for the construction of Kimzey Park. The source of
funding was a Texas Parks and Wildlife state grant.
68
THIS PAGE INTENTIONALLY LEFT BLANK
69
CITY OF COLLEYVILLE, TEXAS.
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2009
Special Revenue Funds
Voluntary Police Asset
Voluntary Park Library Forfeiture
ASSETS
Cash and cash equivalents $ 24,731 $ 180,499 $ 1,747
Investments 196,431 208,159
Due from other governments
Accrued interest 1,448 1,011
Total assets $ 222,610 $ 389,669 $ 1,747
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ $ 5,250 $
Accrued liabilities
Advances from developers
Total liabilities 5,250
Fund balances:
Special revenue funds 222,610 384,419 1,747
Capital projects
Total fund balances 222,610 384,419 1,747
Total liabilities and fund balances $ 222,610 $ 389,669 $ 1,747
70
Special Revenue Funds
Community
Tree Library Recreational Development
Preservation Donation Event Center Recycling LEOSE
$ 61,927 $ 104,469 $ 10,647 $ 22,770 $ 1,484 $ 20,237
$
61,927
$
104,469 $
10,647
$
22,770
$
1,484
$
20,237
$ $ $ $ $ 1,400 $
56,723
56,723 1,400
5,204 104,469 10,647 22,770 84 20,237
5,204 104,469 10,647 22,770 84 20,237
$ 61,927 $ 104,469 $ 10,647 $ 22,770 $ 1,484 $ 20,237
( continued)
71
CITY OF COLLEYVILLE, TEXAS
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
(Continued)
SEPTEMBER 30, 2009
Special Revenue Funds
ColI eyvill e
Economic Kid sville
Development Crime District Maintenance
ASSETS
Cash and cash equivalents $ 1,438,336 $ 735,916 $ 20,426
Investments 561,736
Due from other governments 218,632 161,682
Accrued interest 9,917
Total assets $ 2,228,621 $ 897,598 $ 20,426
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ $ $
Accrued liabilities 6,755
Advances from developers
T otalliabilities 6,755
Fund balances:
Special revenue funds 2,228,621 890,843 20,426
Capital projects
Total fund balances 2,228,621 890,843 20,426
Total liabilities and fund balances $ 2,228,621 $ 897,598 $ 20,426
72
Special
Donations
$ 10,868
$ 10,868
$
10,868
10,868
$ 10,868
Court
Technology
$ 44,002
$ 44,002
$
44,002
44,002
$ 44,002
Special Revenue Funds
Capital and
Cable
Equipment
Replacement
Court
Security
$ 85,160
$ 85,160
$
85, 160
85, 160
$ 85,160
$ 549,616
$ 549,616
$
549,616
549,616
$ 549,616
( continued)
73
Sales Tax
Incentive
Agreement
$ 903,431
$ 903,431
$
903,431
903,431
$ 903,431
Public Art
Fund
$ 13,904
$ 13,904
$
13,904
13,904
$ 13,904
Capital
Proj ects
Parks
Tomorrow
Fund
$ 2,053,327
$ 2,053,327
$ 305,035
305,035
1,748,292
1,748,292
$ 2,053,327
CITY OF COLLEYVILLE, TEXAS
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
(Continued)
SEPTEMBER 30, 2009
Capital Project Funds
Total
Parkland CEDC Capital Kimzey Governmental
Dedication Project Park Funds
ASSETS
Cash and cash equivalents $ 420,315 $ 595,631 $ 3,576 $ 7,303,019
Investments 1,153,894 2,120,220
Due from other governments 380,314
Accrued interest 6, 174 18,550
Total assets $ 1,580,383 $ 595,631 $ 3,576 $ 9,822,103
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ $ $ $ 311,685
Accrued liabilities 6,755
Advances from developers 56,723 ,
Total liabilities 375,163
Fund balances:
Special revenue funds 5,519,058
Capital projects 1,580,383 595,631 3,576 3,927,882
Total fund balances 1,580,383 595,631 3,576 9,446,940
Total liabilities and fund balances $ 1,580,383 $ 595,631 $ 3,576 $ 9,822,103
74
THIS PAGE INTENTIONALLY LEFT BLANK
75
CITY OF COLLEYVILLE, TEXAS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2009
Special Revenue Funds
Voluntary Voluntary Police Asset
Park Library Forfeiture
REVENUES
Taxes $ $ $
Fees and fines 172
Intergovernmental
Charges for services 145,826
Donations 145,826
Investment earnings 12,238 11,034
, Miscellaneous 3,753
Total revenues 161,817 156,860 172
EXPENDITURES
Current:
General government
Community development and engineering
Fire and rescue
Leisure services 167,580
Municipal court
Police
Principal
Interest and other charges
Capital outlay 337,887
Total expenditures 337,887 167,580
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES ( 176,070) ( 10,720) 172
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total other financing sources and uses
NET CHANGE IN FUND BALANCES ( 176,070) ( 10,720) 172
FUND BALANCES, BEGINNING 398,680 395,139 1,575
FUND BALANCES, ENDING $ 222,610 $ 384,419 $ 1,747
76
Special Revenue Funds
Community
Tree Library Recreational Development
Preservation Donation Event Center Recycling LEOSE
$ $ $ $ $ $
12,518 3,978
33,949 1,080
15,000
46,467 1,080 15,000 3,978
19,354
38,560
6,975
30,143
68,703 19,354 6,975
( 22,236) 1,080 ( 4,354) ( 2,997)
(
22,236)
126,705
1,080
9,567
(
4,354)
4,438
(
2,997)
23,234
5,204
22,770
$
5,204 $
104,469 $
10,647 $
22,770
$
84 $
20,237
( continued)
77
CITY OF COLLEYVILLE, TEXAS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
(Continued)
FOR THE YEAR ENDED SEPTEMBER 30, 2009
Special Revenue Funds
Coli eyvill e
Economic Kidsville
Development Crime District Maintenance
REVENUES
Taxes $ 1,239,437 $ 996,944 $
Fees and fines
Intergovernmental
Charges for services
Donations
Investment earnings 24,948 8,479
Miscellaneous
Total revenues 1,264,385 1,005,423
EXPENDITURES
Current:
General government
Community development and engineering 61,640
Fire and rescue
Leisure services 62,958 917
Municipal court
Police 418,437
Principal 275,000
Interest and other charges 368,195
Capital outlay 145,847 164,571
Total expenditures 913,640 583,008 917
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 350,745 422,415 ( 917)
OTHER FINANCING SOURCES (USES)
Sale of capital assets 3,120
Transfers in
Transfers out ( 7,500) ( 517,721 )
Total other financing sources and uses ( 7,500) ( 514,601)
NET CHANGE IN FUND BALANCES 343,245 ( 92,186) ( 917)
FUND BALANCES, BEGINNING 1,885,376 983,029 21,343
FUND BALANCES, ENDING $ 2,228,621 $ 890,843 $ 20,426
78
41,412 15,000
41,412 15,000
( 3,398) 7,387 7, 791 7,537 ( 230,185) ( 1,996) 1,748,292
14,266 36,615 77,369 542,079 1,133,616 15,900
$ 10,868 $ 44,002 $ 85,160 $ 549,616 $ 903,431 $ 13,904 $ 1,748,292
( continued)
79
CITY OF COLLEYVILLE, TEXAS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
(Continued)
FOR THE YEAR ENDED SEPTEMBER 30, 2009
Capital Project Funds
CEDC Total
Parkland Capital Kimzey Governmental
Dedication Project Park Funds
REVENUES
Taxes $ $ $ $ 2,236,381
Fees and fines 55,565
Intergovernmental 17,496
Charges for services 2,904,277
Donations 3,604 401,432
Investment earnings 52,173 136,679
Miscellaneous 18,753
Total revenues 55,777 5,770,583
EXPENDITURES
Current:
General government 19,354
Community development and engineering 304,294
Fire and rescue 13,703
Leisure services 8,979 2,533 285,680
Municipal court 30,215
Police 428,927
Principal 275,000
Interest and other charges 368,195
Capital outlay 84,781 2,049,597
Total expenditures 84,781 8,979 2,533 3,774,965
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES ( 29,004) 8,979) ( 2,533) 1,995,618
OTHER FINANCING SOURCES (USES)
Sale of capital assets 3,120
Transfers in 56,412
Transfers out ( 525,221)
Total other financing sources and uses ( 465,689)
NET CHANGE IN FUND BALANCES ( 29,004) ( 8,979) ( 2,533) 1,529,929
FUND BALANCES, BEGINNING 1,609,387 604,610 6, 109 7,917,011
FUND BALANCES, ENDING $ 1,580,383 $ 595,631 $ 3,576 $ 9,446,940
80
CITY OF COLLEYVILLE, TEXAS
DEBT SERVICE FUND
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2009
81
AGENCY FUNDS
Employee Activity Fund - This fund is used to account for funds held by the City for the benefit
of employees of the City.
Sesquicentennial Fund - This fund is used to account for funds held by the city for the benefit
of the City of Colleyville' s historical purposes.
82
CITY OF COLLEYVILLE, TEXAS
COMBINING STATEMENT OF FIDUCIARY NET ASSETS
AGENCY FUNDS
SEPTEMBER 30, 2009
Employee
Activity Sesquicentennial
FlUld Fwd Total
ASSETS
Cash and cash equivalents $ 5,385 $ 18,800 $ 24,185
Total assets $ 5,385 $ 18,800 $ 24,185
LIABILITIES
Total liabilities
$
$
5,385
$
18,800
$
$
Due to other agencies and individuals
24,185
5,385
$
18,800
24,185
83
CITY OF COLLEYVILLE, TEXAS
COMBINING STATEMENT OF CHANGES IN
ASSETS AND LIABILITIES
AGENCY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2009
Employee Activity Fnnd
Balance Balance
1 % 1/08 Additions Deletions 09/30/09
Cash and cash equivalents $ 3,427 $ 3,174 $ 1,216 $ 5,385
Total assets $ 3,427 $ 3,174 $ 1,216 $ 5,385
Due to other agencies and individuals $ 3,427 $ 3,174 $ 1,216 $ 5,385
T otalliabilities $ 3,427 $ 3,174 $ 1,216 $ 5,385
Sesquicentemrial Fnnd
Balance Balance
10/01/08 Additions Deletions 09/30/09
Cash and cash equivalents $ 18,530 $ 270 $ $ 18,800
Total assets $ 18,530 $ 270 $ $ 18,800
Due to other agencies and individuals $ 18,530 $ 270 $ $ 18,800
T otalliabilities $ 18,530 $ 270 $ $ 18,800
Total Agency Funds
Balance Balance
10/01/08 Additions Deletions 09/30/09
Cash and cash equivalents $ 21,957 $ 3,444 $ 1,216 $ 24,185
Total assets $ 21,957 $ 3,444 $ 1,216 $ 24,185
Due to other agencies and individuals $ 21,957 $ 3,444 $ 1,216 $ 24,185
T otalliabilities $ 21,957 $ 3,444 $ 1,216 $ 24,185
84
STATISTICAL SECTION
This part of the City of Colleyville, Texas' comprehensive annual financial report
presents detailed information as a context for understanding what the information in the
financial statements, note disclosures, and required supplementary information says about
the government's overall financial health.
Contents Page
Financial Trends 87
These schedules contain trend information to help the reader
understand how the government's financial performance and well-
being have changed over time.
Revenue Capacity . 94
These schedules contain information to help the reader assess the
government's most significant local revenue source, the property
tax.
Debt Capacity 99
These schedules present information to help the reader assess the
affordability of the government's current levels of outstanding debt
and the government's ability to issue additional debt in the future.
Demographic and Economic Information 105
These schedules offer demographic and economic indicators to
help the reader understand the environment within which the
government's financial activities take place.
Operating Information 107
These schedules contain service and infrastructure data to help the
reader understand how the information in the government's financial
report relates to the services the government provides and the
activities it performs.
Sources: Unless otherwise noted, the information in these schedules is derived from the
comprehensive annual financial reports for the relevant year.
85
THIS PAGE INTENTIONALLY LEFT BLANK
86
......
~
~
00
~
~
~
~
~
~
~
o
u
~
o
~
~
u
~
z
~
o
~
~
o
u
~
=
rI1
~
~
7JJ
7JJ
-<
~
~
~
.s
=:
==
~
c..-
c..-
~
~
.~
~
~
.......
~
e
~
~
~
0\
o
~
00
o
~
t-
O
~
\0
o
o
N
l.()
o
~
"""
o
o
N
M
o
~
t-\Ov
0\ 0\ \0
~oooo
M" 0" 00"
~~O\
("'.lov
0\" ,.....r" t"'"--"
t- C"l
EI7
VJ 0\ \0
NOO('t')
t-\O,.....r
"""" 0\" C"l"
0000\0
;:" 00 :"
t- ("'\I
EI7
0'\ \0 00
,.....rOOt"'"--
t-l.()t"'"--
V" C"f t"'"--"
NMoo
00" 0" 0\"
,.....r ,.....r 1""""1
t- C"l
EI7
\000\0
~t-1""""I
,.....r l.() 00
.....-I" t-" C"l"
O\MO
0\0'\0
\0" 0\"
\0 ,.....r
EI7
\00\0
V)('I')t"'"--
t-.....-I('t')
"""" \0" C"l"
000\('t')
00 00 1""""1
0" 0\"
\0 1""""1
EI7
\O\Ot"'"--
.....-1.....-10\
\Ol.()<o:::t'
V)" \0" 00"
V)V)<o:::t'
Ot-O\
0" v)"
\0 1""""1
EI7
OMO\
0\0 V)
0\~C"l
v)" 0" \0"
\O~<o:::t'
0\0\0
v)" .....-I" If')''
V) 1""""1
EI7
1)
Q)
~
"'d
Q)
!S
~
4-t
o
~
C1.1"
~
rn ~
.2 ~
]
o
d
d
-=
~
~
8
d
~
.~
.S
~
Q)
1ij
~
~
"'0
~ ~
~ .t::
. t:: t;;
tn Q)
~~
t-
V)
N
('1')"
00
t-
t-"
o
.....-I
N1""""I\O
\OooM
V) 1""""1 t-
"""" t"'"--" t-"
t-OON
.....-I 0\ ,.....r
0\ 00"
('I')
EI7
EI7
o
l.()
l.()
\0"
M
N
0"
o
,.....r
00 0\ 0
...q~0\
.....-IMt-
N" ~" t-"
...q("4('1')
...q 0 00
0\" .....-I" t-"
('I')
f;I7
f;I7
M
00
o
l.()"
...q
00
...q"
0\
M.....-I"""
g~N
~" 0" \0"
OooN
000\0
(",-1" 1""""1" ('1')"
('f') .....-I
f;I7
V7
o
"'f'
"'1
.....-I
('I')
0\
...0
00
0\1""""IN
.....-IC"lt-
\Ooot-
0\" ("'\I" ('f')"
.....-I 00 l,f)
O\ooN
l,f)" 0\
N ,.....r
&7
V7
N
\0
N
M"
,......(
0\
0"
00
l,f)1""""I\O
\Ot-M
('f')V)N
t-" 0" v"
Nt-t-
00 \0 ('f')
~" ~"
frJ
V7
0\
("\I
\0
0"
\0
t-
\0"
. t-
NO\V)
~~N
t-" 00" 0"
V)\Ot-
0\\0 v
M" l,f)"
N .....-I
V7
V7
N
l,f)
\0
("\I"
l.()
\0
("\I"
t-
v 0.....-1
\OC"lN
00 ,.....r .....-I
00" 00" N"
00\00
V) \0 l,f)
C"l" ..q-"
("\I ,......(
f;I7
f;I7
C1.1
~
Q)
rn
C1.1
d
+ol'
Q)
d
C1.1
.2
.~
~
d
-=
~
~
61
d
~
.:0
~
~
Q)
]
~
4-t
o
~
C1.1"
-+-I
Q)
00 ~
.2 d
:~ 3
~ .~
Q)
~ .S
"7'~
C1.1 Q)
[i t;;
.S ~
~ ~
~
~
"'0 ~
Q) . t::
'0 -+-I
] [i
~ ~
0\
t-
V
0\"
00
N
00"
~
0\ t- 0
l.()!:"O
00\0
00" 00" \0"
,......(NN
vO\O
00" ('1" v)"
'I""""l M
'I""""l
V7
V7
t-
oo
N
v"
o
('f')
00"
v
MOO \0
t-("f)N
0000\
\C)" ..q-" 0\
N,.....rO\
0\ 0\ \0
\0" "0\"
'I""""l C"l
,.....r
V7
V7
00
N
t-"
'I""""l
'I""""l
V)
t-"
V
("\It-N
N('f)l.()
~ ('f) 0
0'\" ('f)" v"
N,.....r'l""""l
\0 ,.....r \0
..q-" N" l,f)"
o ('f)
,.....r
V7
&7
N
,.....r
N
\0"
l.()
o
\0"
~
1.(')0'\00
\0 0\ 00
t- M l,f)
0" 0" \0"
,......(Nl,f)
~" 00" ~
0\ ('f')
V7
f;I7
N
t-
.....-I
("\1"
t-
oo"
.....-I
V
"""'('I""""lN
NO.....-l
,......(t-\O
("\I" \0" \0"
,......(\00
t- l.() an
l,f)" .....-I" l,f)"
00 ('f)
V7
f;I7
\0
v
0\
an"
0\
o
0"
v
OOl,f)N
Vl.()t-
Ot-t-
M" v" 00"
,......(N'I""""l
~" :::" :::"
00 ('f')
V7
V7
I.(')
o
'I""""l
0\"
l.()
t-
t-"
("f)
v M 0
l.()('.l00
00 l.() ('f')
v" 00" 00
V) 0 v
l,f) t-" 'I""""l
00" .....-I 0"
t- ('f)
V7
V7
C1.1
l)
C1.1
C1.1
d
~
Q)
d
C1.1
.2
~
~
Q)
~
"7'
C1.1
C1.1
Q)
.S
C1.1
.5
d
"0
f-4
.:0
Q)
"'d
~
Q)
~
]
~
o
+ol'
Q)
d
C1.1 "
~
Q)
rn
rn
d
ti]
~.~ -tj
~ .S "'d "*
o ~ .s .t::
jb.O .s . g 1ii
rn ~ Q)
~ g'S ~
. ~ ~ ::::>
\0
('f')
t-
N"
t-
o
\0"
V)
'I""""l
V7
t-
('f)
00
0"
v
l,f)
00"
V
'I""""l
V7
'I""""l
'I""""l
00
\0"
V)
('f)
N"
v
'I""""l
V7
N
l,f)
t-
t-"
00
0\
N"
('f)
'I""""l
V7
v
('f)
~
l.(')"
00
t-
N"
N
'I""""l
V7
I.(')
t-
I.(')
\0"
l,f)
00
\0"
1""""1
1""""1
V7
t-
V)
t'-"
'I""""l
'I""""l
..q-
0"
'I""""l
'I""""l
V7
rJJ
~
Q)
rn
~
~
=
~
~
61
l
o.c
d
"0
f-4
("f')
o
o
C'l
~
o
)>..
Cd
u
U'l
tp
.S
~
("f')
t:Q
r.Il
c3
"0
o
~
E
i
I:"
QO
.~
e
~
6
'.,p
~
~
.S
Cd
b
u
cd
~
fr
.....
o
~
a
~
,.c
P
'l""'I
U
~
~
o
~
o
Z
N
~
~
rLJ.
~
~
~
~
~
~
~
o
u
~
o
~
~
U
rJ:J.
~
r-r-1
rJ:J.
rJ:J.
-<
~
~
~
rJ:J.
fj
~
U
~
.5
......
==
:::t
~
~
rw
~
~
.l'.I
;
~
~
~
rw
rw
~
0'\
o
o
C"l
"""(....-.I("t1O'\C"l"'d"t---O\O\O
ooOO\V\V\C"l.,.....-4....-.1oo('l
~"' 6 ~"' ~"' ~"' ~ ~"' ~ :- :~
"'d" ("t1 .....t "'d" V\ 0\ ~ 0 V\ t'
O'\V\.,.....-4O'\"'d"('lOOV\O\O
("'4"' .,.....-4"' ~"' ('fl"' ~"' ("t1"' ~ ('l"'
M
GI9
00
o
o
C"l
-.::t -.::t .,.....-4 V\ V\ 0 00 0 oo:t .,.....-4
t'N.,.....-40\oC"l('fl("l').,.....-4oo
:"' ~ ;.- ~ ~"' ~"' ~ ~"'::"' ~"'
....-.Ioo\f')('fl.,.....-4C"lV\C"lO.,.....-4
00 oo:t"' 0\ 0 oo:t ('f) \C .,.....-4 .,.....-4 0\
M .,.....-4 ("t)"' oo:t "' ~~ ("1')"' .,.....-4"' .,.....-4"'
C"l
V7
t""'-
o
o
C"l
.....too.,.....-4~~OOV\l()~ 0
l()\OMO\ooO\ooO'lt'OO
ot---ooOO'l~.....tO\M~
00"' M"' 0"' l()"' oo:t"' C"f C"f 0"' ('l"' 0"'
("I')("'4O\C"lM\oMo\M('fl
~"' ~ ~"' ~ oo:t N ~"' ~"' ~"' 2
M
GI9
\0
o
o
C"l
~\O\f')Noo:tt()~l()MOO
\O("t100C7\O"'d"~\Ooo:tt---
o .....t l() 0\ l() ('f) \0 oo:t 0 t---
0\"' t""'-"' ~ ("t1"' ("t1"' 0"' ...; ('l"' ('l"' oo:t"'
('l \0 .....t .,.....-4 00 t' 0 C'f) oo:t t()
t'("'4ooV\C'f)NooO\.....too
('l"' .....t"' C'f)"' C'f)"' C'f)"' C"f ~"' 0\"'
.,.....-4
Ef3-
l()
o
o
("'4
oo::t l() ("I') 00 -.:t ..... ("t1 l() t' ("f)
\C~Ol()("f)t'oot""'-l()O\
O'IM.....tO'l-.:tOOO~ooo
\f')"' ~"' l()"' M"' oo:t"' 00"' M"' 0"' 0"' t---"'
~\CNC"l\O('f)Mt'O'Il()
~"' :"' ~"' ~"' ('f) C"l ~ ~"' :"' ~
.,.....-4
GI9
~
o
o
('l
\OC7\-.:too\C~MO\V\~
.....t('l.,.....-4('ll()t()\CO\C"loo
O"'l:tOOl()Nt()('l""l:t"OO~
("'4"' .,.....-4"' ""l:t""' ("t1"' "'d""' 0"' \f')"' ("'4"' 0"' lfi"'
-q-oo-q-l()\c t() 0\"0 0'1 00
l()('l.....tO\MC"l("'4l()N\O
('l"' .,.....-4"' ("t)"' ('l"' ("t)"' C'..f ....; t'"'
.,.....-4
GI9
M
o
o
N
0\0 ot""'-l() ('f)O\\O 0\ 00
oo.,.....-4\Ooo\Ct()....-.Il()"","00
o\"'~("'4NooO~N\O .,.....-4
....-.I 0"' 0"' 00 M"' If')"' 00"' l()"' ...; lfi"'
l() oo.....t NO\('f) 0\0\ 0\ 00
l() N 0 t---"'.....t N ~ ~ -q- .,.....-4
.,.....-4"' .....t"' ("t)"' N ("1")"' N"' ~ \C~
.,.....-4
Ef3-
bl)
;::::
. t::
Q)
~
'6h
~
]
~
en e
.~ ~ ~
.~ Q) ~
~~~88
'3 ~ 0 ~ 'E
00 = ~'a e $
~~111~
~~~8~3
~t)
~
a
8 8
~ ~
j ,~
= 'a 8
'C; :3 ;.::::l
~~~
~
=
0,)
~
0,)
00
0,)
'+3
.~
'.&1
~ ~
pO ~
~ j S
.; r!n e
.a ] ~
"'d = 5h
~ ~ '3
i e ~
-l:i ~
00 ..-...c
N "0 .,.....-4 0\
t' .,.....-4 "0 -q-
M 0 ('f'I t'
('.f 00"'.,.....-4"' ...;
.,.....-4 l() M 0
"0 "0 M "0",
0"' .,.....-4
.,.....-4 .,.....-4
ooOM 0
~o~ 0\
l() \0 \0 t'
0'1"' M"' ('l"' l()"'
~ ~ ~ ~
.,.....-4"' ('l"'
.,.....-4 .,.....-4
C"l M C"l t---
00 t--- lI') 0
N t--- t--- 00
~.,.....-4"'o~
Mt'O 0
M \0 ~ .....
0\"' 0"'
.....t
MMM 0\
r--. \COM
C'f) 0\ r--. 0
00"' 00"' 0"' 00"'
N oo:t ..... ...-4
""'" lI') oo:t ~
0\"' 0-
.....t
o lI')
C'f) 0
\0 0
C"l"' 0"'
\0 \f')
0\ l()
00"'
o C'f)
r:-- .,.....-4
6~"' I
l() .....t
00 l()
~
MOO C'f)
o \0 \0 ("'4
\CO\tn .....t
~"' -q-"'.,.....-4"' ....;
o tn 0 "0
t' C'f) "0 "0
t'"' 00"'
00 ~
\I) .s
:~ ~
'+3 .s
~ ~
\I) ~
~1
o ~
8 .!!
.~ ~
~
~
E
]
~ ~
cd ~
'~ !
A ~
lI')
C'f)
\0
N"'
.....t
l()
a\
C'f)
00
N
00"'
\0
M
00
~
~
~
\I)
cn
0,)
-..::3
'~
'..z;:3
g
0,)
~
J,
fI)
~
'~
=
..c
'3
o
H
l()
t'
lI')
\0"'
t'
('l
~"'
M
o -q- \0 r:-- 00 .....t 0'1 0\ M r:--
O.....t.,.....-4000M.....tOON 00
~"' ~"' ~"' ~"' ~"' ~"' ~"' ~ ~ ~"'
..........\Ot'o\Ol().,.....-4.,.....-4\O 0\
\OMtnO Mt'M 00
\li .,.....-4"' 0\"'
GI9
GI9
.,.....-4
t'
.....t
C'f') "'
\f')
o
~"'
M
o C'f) "'l:t 00 0\ 0\ 00 t--- "'l:t ('l
Otn.,.....-4M.,.....-4O\oo\Cl() C'f)
~"' ~"' ~"' ~"' ~~ ~"' ~"' ~"' ~"' ~"'
.,.....-4 C'f') V') \0 t' t" l() \f') t'--- 0
('fl", N \f') ""'i C'f) 00 0\ \0
.....t .,.....-4 ...; ~ 0\"'
EA
EA
r:--
00
M
0"'
-q-
l()
0"'
M
O~OO~N""'"r:--M.,.....-4 M
O~\OMV')tnl()oooo \0
ot"OOO"'=tO.,.....-4\OMM
"0"' -q-"' M"' ....."' ("I"' .....t"' \f')"' .,.....-4"' C"l"' .....t"'
l() 0 M M 00 l() C'f) t'--- \0
"'l:t M -q- 0\ M"'" M M
~"' l()"' a\
f8
w
t"--
.,.....-4
00
N
t'
(".t:
0-
M
O\O\O\O.....tO\oO'\t- "'l:t
oO\oooOOO\\O~V') 0
o lI"'l C'f) \0 t'-- 00 00 00 ("t1 M
\0"' M"' 0\"' 00"' ('tr 0"' C"f 0'\"' lfi"' 0"'
\0 M -.::t .,.....-4 t'-- t"-- 0'\ l() t'
.....t C"l -.::I' 00 -q- C'f) M 0\
(".t:"' -.::1'"' 00"'
EA
EA
00
N
t--.
0\"'
\C
~
t"~
M
O('lOOOOl()-.::I'.....too:t~ "0
o l() 0\ l() 0 M .....t 0 t--- C'f')
~"' ~ ~"' ~"' ~"' ~"' ~ ~"'~"' ~"'
.....t M 00 0\ 0\ ("t1 MOOt'
V"l .,.....-4 C'f') ~ M V"l M t"--
.....t"' ("t1 .. \li
f8
V7
'l::I"
\C
"I:t"'
M
l()
o
\O~
M
0.,.....-4.,.....-40\ (".t:l().....tO\N 0
o ('l 00 .,.....-4 r:-- C'f) t'--- lI"l 0 \0
o 0\ 0 ("t1 l() 'f'""i .....-4 -.::t""' N 00",
\0"' r---"' lI')"' a\ 00'" \0'" ("of 0\ ~ .,.....-4
.,.....-4ooNO\O\O..-I.....tl() 0\
\0 .,.....-4 C'f') V') l() \C 00 t'
...-4... M t"--"'
EA
EA
'I"""l
~
M
\0'"
"'d"
00
oo:t"'
('l
OOOOoo"","\OO\"","'I"""lO
OMO\O\-q.('lO('lO M
o 00 0\ 0 l() \0 C'f) ("I') l() ('l
00"' C"'l"' 'l::I""' -.::1'"' 0'" V)"' 0"' 00"' -.;:t'" 0'1"'
.....t -q- 0 0'1 .....t ""'" -.::I' C"l .....t 0\
("'4.....tMtn ('lMO 00
.....t... 00'" 0'"
.....t
EA
EA
fI)
~
fi
~
Go)
~
~
1
po
~
i
, t::
~
'3
o
H
cn
Q)
a
~
e
~
e
CI.I Po4
~ cn ~
'+3 ~ '..z;:3
.5 "+3 '~
'.8 = '..z;:3
= ~ g
~ ~ 8 ~
.~ fa 1 ~
.a 1.5 ~
1 OJ) ~ ~
~..Ei '$ '3
~ e '" ~
CI)~~
~
. t::
0,)
~
'6h
~
]
1:i
00 e
~oo -=j
~:~~8~
~ '.g 'E ~ Q
~i~~,~
~=~~s
;j~ 2?~ ~
0~~O()
~8()
~
CL) 8 ~
~ 'E 8
.;~1
!:1 ~ '0
cd :3 '8 8
e fI) :3 .....
~:s~~
~
~
=
.$
.....
=
o
CJ
"-'"
QO
QO
M
~
~
VJ
~
~
~
~
~
~
~
o
u
~
o
~
J--(
U
~ ~
~ -a
r/.) =
r/.) =
<~S
E-I ~ crw
~~~
~a~
7: .-
~ -=.~
r/.) = ~
~~~
~ ~
~ S
u ~
0\
o
o
M
00 r.---. M 00
\OM 0\ 0\
~"~,,~,, ~
o t--. \0 ~
M 00 M
~" M"
~ ~
GI9
00
o
o
M
MM tr'i 0
0\....-1000\
00 0 r.---. \0
~" 0\" tt)" 0\"
....-I tr'i....-l 00
....-I 00 ~ M
....; ....; M"
~ ~
GI9
r.---.
o
o
M
o N l.I) r---
r.---. r.---. l.I) 0\
~"~,, ~ :g"'
N ~ \0 ('f)
~ 00 lI), lI),
0\"' ~....-I
....-I
GI9
\0
o
o
M
00 ~ ("4
\0 tr'i N
00 C"l N
t--."' 0 00"
00 0 00
....-I ~ N
M ....;~"'
~ ~
GI9
\f')
o
o
N
0\ tr'i \0 0
00 ~ tt) 0\
00 0 N ~
\0" tt)"'~"' \0"'
tr'i t--. ~ r.---.
00\0 00 M
0\"' ~"'
~
GI9
~
o
o
("4
NM 0 l.I)
~....-I 0\ ~
0\ 0\ 0\ 00
~"' f:" ~ ~"'
0\ \0 ~"' 0",
00" ~....-I
....-I
GI9
M
o
o
N
....-I 0\ N N
t--. 0\ 0 t'
00", M" lI), t---"
li1 \0 M l.I)
0\ \0 ~ 0
l.I) \0 ~ r.---.
00"' ....; 0"'
~
Eo'9
C/J
Q.)
S
~
e
!
G g
Q.) Pot
S C/J ~
'.0 = '.D
~ ..g . ~
~ M ~'g
~&1oo~ 8 ~
z ~ .~ i .., ~
~12~ ;.~
~a> M"O d:::l
~~~~~~3
~ ~~~'3 0
Q.) a ~'" , 1"'1 E-t
0.~ ~ ~ ~
o=u U
~t:Q
~
l.I)
00
00
N"'
M
....-I
N
N
..-...
0\ 0\ 0
('Ij ~ 0\
~"d- ~"'
00 ~ ~
r.---. \0 ~
r--f N"'
~ ~
Eo'9
'-"
EA
("4
N
l.I)
M"
0\
0\
N"'
N
..-...
0\ 0 0\
~ 0 ~
\f') 0\ \0
('f)" M"' 0\"'
......c l.I) l.I)
M N 0
C..,f....; ~"'
~ ~
GI9
'-"
EA
o
\0
0\
~
0\
00
0"'
N
..-...
r.---.o r.---.
~ 0\ M
M 00 M
0\"' 0"' 00"'
\0 N "'d"
I:""- ~ \0
o"~"' 0\"'
~
GI9
'-"
EA
\0
N
l.I)
00"'
VI
N
M"'
N
....-...
"'d" M ~
t--- 00 0\
"'d" ~ M
"'d"" 0 ~"'
00 t"-- ....-I
00 00 0
0"' M t"--"'
~
w
'-"
EA
\0
N
o
N
l.I)
....-I
00"'
~
....-...
t'-- tr'i N
l.() l.() 0
M l.() t"--
~"' M"' r.---."'
00 \0 ~
~ 00 C'f')",
~"'....-I"' 0\
....-I
GI9
'-"
GI9
l.()
o
r---
t"--"'
o
00
00"'
~
....-...
~ N 0\
M \0 l.()
M l.I) r---
M"' t---"' lfl"'
0\ ~ "'d"
00 \0 M
0\"' N"' t"--"'
EA
'-"
EA
M
o
o
\f')"'
o
\0
......."'
M
....-...
00 0\ 0\
l.I) ~ 0
0\ \0 M
II)"'~"' ~"'
00 ~ "'d"
MOM
l.()"' N"' M"'
w
'-"
EA
00
~
~
00
~
~
f;I;l
z
Z
1-1
00
t5
2 ~
~ u
~ ~
~ ==
~ ~
~ 0
il ~
00 I ~ ~
,.8 6h P -.8
'~ Z'~
'g i ~'g
Q.) 'I: ~ '3
~ Pot ~ =
f] ~a>
~ ~ ~~~
'~ ~ ~~
~ ~ t)
lZl
Q.)
a
~
e
!
g
P-t
1
~
6h
i
'I:
Pot
:3
o
E-t
00
f:3
z
~ ~
~'.D
'~
'.l:i
~g
~1
~ IS
~ e
'-~
~ 0
~o
z
o 0 \0 00 ~ "'d" r.---. t--- \0
N ~ r--- 0\ N I./') M 0\ ~
~"'d"O\....-Il.()ooN t' ~
....-I"' t'"' oo"~"' ~" r.---." 1./')"' ('f)" 0"
N....-I~t't'r.---.NN M
~"' ~" ~,,~ oo~"
....-I N
r--- 0 .q- N -.::t 00 N \0 M
\0 \0 \0 M \0 "'d" ~ M 00
~"' ;;"' ~"' ~ :"' ~"' ~ ~" ~"'
\0 ~ .q- 00 0 0\ ~ -.::t \0
MOOr.---. 00 ~ 00 00
=" ~"' -.::t"' ~"
tr'i\OooN~M
t"--t'--\OM\O\O
t"--MO~MO\
C'f"}"' 0\"' "'d""' 0\" ~... ~ I
tr) r--- r--- 00 N 0\
~r:-\O N
0"' ~"' "'d""' ~"
....-I
\0 M t"-- tr) ....-I M
'o:::I""'::t"NO\o......
lOlrl\OOMM
("t)"' 0"' tr)"' \0"' .q-" \()" I
00 0\ tr) t' 0 \0
'o:::I"t---M 0\
0\"' ....; .q-"'
OOO\O\~OI:""- M 0
00 "'d" \0 t--- r.---. "'d" 0\ 0\
:" ~" ~~"' ~~"' I ~"' ~"'
M t"-- 0 iii "'d" l.() \0 M
0\"'d"00 .q-....... ~ M
00" ~"' M" tr)"'
....-I
ooO\.q-\O\OOO
oot"--MO\~M
M" 0" \0" N", trl... "1.. I
"'d"OO~t"--t---M
('f) l.I) 00 M ....-I l.()
l.I)"'::t"M N
00"' ~"' M"'
OO\....-IM\OC""t
O\\OMC"ll.()l()
I:"--l()M~\OO
C'f"}" 1./')"' "'d""' C'.,f 00"' M I
ooO\\OM\O\O
.......C'f')0\ ~
00"' ~"' N"'
t'~
Q) ~ M
P-4 = lZl Q.)
e fS~.;i
P:;~ooO
en
~
.~ 00
Q.) 6
= Q.)
~~
~ ~
]~
tr) 0
00 \0
o t---
..q."' N"'
\0 00
\0 \0
00"'
~
t"-- N
tr'i tr'i
M t"--
("4"' r.---."'
M 0
l.I) N
1:"--"'
~
\0 r.---.
\0 ~
M \0
C'f')"' v)'
t"-- tr'i
-q- ~
"'::t""'
~
o ~
\0 00
o l.I)
00"' v)'
If) \0
0" ~
~ "'d""'
......c
.f!l
~
cd
'3
'~
r...,.
o
Q.)
~
d
o
d
'~
t)
00
Q.)
'.z:j
, f;:
'.D
Q
cd
~
i
6h
~ '3
~ 0
l ~
00
..8 00
] .r
g cd
Q) Q.)
~ i ~
~ ~ ~
~ !1) Ei
.~ ~ ~
~
o r.---. r.---.
..q. 0\ iii
0\ 1:'" 00
00" ('f) ..q.'"
\0 N to
~ 00 \0
\() \0 .......
0\ C'f') "'::t"
If) 0\", M",
0"' ~ ......c
00 "'d" \0
M 00 ..q.
o If) l.t"l
~ 00 N
r.---." 0 \0
00 .0:; "'d""'
0\ \0 M
0\ \0 M
'oo:::t I:' t"--
~ l.t"l \()
M C'f"} 00
\0"' N"' M"'
'oo:::t M ~
00 \f) M
..q. M 0\
\0 0\ M
o M C'f')
t"--"'.q-"' 1:'"'
t"-- \0 00
M 'oo:::t
\f) \0 ~
..q. \0 M
\0" M t'o
N C'f')"' 0"'
\0 t'o ~
.....c "'::t" M
~ 0 0\
\0 \0 0\
\0 0 M...
c-f 00"' l.I)
00 \f) I:'
M 0", r.---.
....-(
00
4.)
.~
.~
'-l:i
g
~
ch
00
~
'~
:::I
..c
:3
o
E-t
0\
00
l.I)
tr)"'
t"--
\0
0\"'
....-I
N
"'d"
-q-
r---"'
o
~
0\
....-I
If)
00
M
t"--"'
~
o
0\"'
....-(
0\
o
\0",
....-(
N
l.I)
t'"'
....-(
.....-I
\0
l.I)
\0"'
"'::t"
M
If)"'
~
\0
0\
00
-q-'"
-q-
00
C'f') "
....-I
\0 ......
0\ -.::t
MOO
N"' \0'"
\OM
NM
.q-"' N"'
M
00
...-l
0'"
0\
C'f"l
C'f') "'
...-l
MO
N If)
\0 N
0\0\
t' \0
OON
00"' ~"'
=
~
~
~
i
.~
Pot
~
o
~
00
~
~ ~ rn
~ '.D ,~
~'~ '~
~ '.D '~
~ g ~
Z'3 C)
~~~
tS ~ ~
~ ~ '1;;
= c3 ~
u
r.---. 00
o 0
r--- 00
\0"' '<I:f'"'
"'=t ~
lr'l
t'"'
"'=t 0\
C'f"l If')
NlI"l
v)'c-f
\f) 0\
\f)t"--
r-.."'
M l.I)
-q-........
l.I) l.I)
('f)"' v)
~ lI"l
0\ oo::t",
t'"' ...-l
00 0
r--- .q-
N 0
M"' ~
Noo
M ....-(
\0'" ..q."
C'f"l \0
C'f')N
\ON
N"' \0"'
l.I)l:'
....-I F:'--
-.::t" ...-l"'
0\
0\
00
~"'
M
If')
t'"'
v;)
C'f"l
0\
t"--
r-.."'
"'d"
C'f"l
00"'
GI9
00
tr)
o
0\"'
\0
('f)
0\"'
v;)
00
...-l
C'f"l
r.---."'
o
\(')
o
.-(
w
0\
\(')
00
00"'
("4
0\
\()"'
('f)
o
~
8
~
]
CIJ
P.;:l
,s
"'"
('()
~
B
00 ~
8 .......
'E r/J
(1) P4
: $
c.ev
00'1j
~~
] a
o (1)
~ -
l .~
(1) .~
t) ~
~~
'1j =
t:a ,S
t ~
d 8
~cS
!S .s
~1
li
cS e
.s -8
cB i
0\ Q)
Q) .0
~ ,-2
~()
~~
0;
~
0\
QO
EA
I:"--
M
.....c
0\'"
0\
\f)
\0"'
EA
M
r.---.
00
00
'oo:::t
.....c
0"'
.....c
EA
=
~
~
~
i
'~
Pot
~
o
E-t
THIS PAGE INTENTIONALLY LEFT BLANK
90
~
es
~
Vl
~
~
~
~
~
~
~
o
u
~
o
~
JI-l
U
rJJ.
~
~S
u
~~
~Z
=r-l
~~
S~
o
~
~
.5
~I
r-1 ~
;>c~
~~
U ~
rJJ.~
S__
Z ~
r-1 ,;10..
~ ~
~~
tIJ~
-< ~
~S
~
~
~
td
~
]
~
0\
o
o
N
GI9
00
o
o
N
GI9
t"--
o
o
N
GI9
\0
o
o
N
GI9
tr'l
o
o
N
GI9
"I:t
o
o
N
w
C1')
o
o
N
w
M
o
o
M
GI9
'1"""'1
o
o
N
tr'l (:"-...
~"' :!
'1"""'1 C'f
"I:t
"I:t
l.()"'
w
o
o
o
N
tr'l (:"-...
\0 00
'1"""'1 M
'1"""'1"' -.:f
'1"""'1
0\
1I1"'
w
] ~ ~
ce e M
l!~
o
o
N
"I:t
t"--"'
o
N
00"'
00
0\
C1')",
t"--
'1"""'1
t"--
00"'
0'\
M
C1')",
V)
0\
"I:t
00"'
M
\0
\0
l./j"'
(:"-...
V)
r:-:
'1"""'1
C1')
(:"-...
0"'
l()
00
~
M
0\
l()
(:"-..."'
\0
(:"-...
\0"'
N
l()
'1"""'1
0"'
"I:t
.q-
\0"'
(:"-...
"I:t
\0
.n
'1"""'1
o
\0"'
o
C"l
"'=t
(:"-..."'
o
C"l
00"'
V7
00
0\
M
(:"-... "'
'1"""'1
(:"-...
00"'
e,c}
0'\
N
M",
It')
0\
"'=t
00"'
e,c}
C"l
\0
\0
.n
(:"-...
It')
(:"-..."'
EiiI'9-
'1"""'1
C1')
(:"-...
0"'
It')
00
\0"'
Gft
M
0\
It')
(:"-..."'
\0
(:"-...
\0"'
Gft
M
l.()
'1"""'1
0"'
"I:t
"I:t
\0"'
Gft
(:"-...
"'=t
\0
.n
'1"""'1
o
\0"'
Gft
C"l
'1"""'1
M",
M
"'=t
"'=t
l.()"'
e,c}
N
It')
It')
.n
'1"""'1
0\",
It')
Gft
]
1
s
o
~
]
~
~
~
6bPd
~ ~
d M
o 0
-~
~
(:"-...
\0
It')
'1"""'1"'
M
'1"""'1
'1"""'1"'
o '1"""'1
l.() (f)
(f) \0
t"--"' 0\"'
\0 \0
M(f)
t"--"' M
'1"""'1
fI7
'1"""'1
00
\0
(:"-..."'
00
0\
l.() M
o 0\
0\ .q-
\0"' '1"""'1"'
0\ '1"""'1
\0 00
V)"' (:"-..."'
f.ot'7
\0
00
\0
"I:t"'
It')
c't
'1"""'1
C"l '1"""'1
'1"""'1 C1')
"I:t"' "I:t"'
"I:t It')
'1"""'1 It')
00 0
~"' 0\"'
Gft
'1"""'1
00
\0",
M
00
o
'1"""'1"'
0'\ It')
(:"-... N
\0 M
0"' N"'
\0 '1"""'1
(:"-... 0
"I:t"' (:"-..."'
Gft
M
00
It')
0\"'
It')
0\
C"l"'
'1"""'1 (:"-...
\0 (f)
00 ~
'1"""'1"' 00"'
It') (f)
M ~
C1')"' (:"-..."'
e,c}
o
'1"""'1
00
\0"'
l.()
o
err
o 0\
'1"""'1 l.()
00 00
0\ 1:'-"'
V) \0
~ 0\
M"' ~"'
e,c}
\0
00
"II:t
"'=t"'
(:"-...
\0
M"'
00 tr'l
(f) ~
0\ 00
00"' M
\0 '1"""'1
o 0
N"' \0"'
EiiI'9-
(:"-...
(:"-...
\0
\0"'
0\
'1"""'1
(:"-..."'
'1"""'1
EiiI'9-
~
erl
'1"""'1
~
00"'
'1"""'1
Gft
'1"""'1
N
\I')
0\"'
o
\0
\0"'
'1"""'1
e,c}
oS ] ]
"t:StSc.S
~ 0 ~
~ s g
~ ~ 00'
~ e ~
~ ~ '3
~ 0 0.-4
~ Q) ~
;:i~CJ
~
00
~
It')
00"'
It")
t"--
0"'
M
GI9
00
t"--
o
\0"'
0\
~
~"'
'1"""'1
fI7
0\
N
tr'l
-.::r"'
M
'1"""'1
\f") "'
'1"""'1
Ef7
It')
00
l,f)
l,f)"'
l,f)
00
N"'
'1"""'1
EA
'1"""'1
00
00
0\"'
~
\0
('1')"'
'1"""'1
fI7
0\
t"--
~
-.::r"'
00
~
0"'
'1"""'1
ui
"0
~
&:
[/)
Y
"(y
~
~
.~
~
U
"0
~
Q;)
s
Q;)i
~
~
~
'g
004
CI.)
~
cS
tf.)
~
~
~
.~
0)
1d
~
0)
~
8
tf.)
Cl)
.g
0)
i
~
en
tf.)
~
'f"""'I
0\
fI7
0\
\0
N
\0"'
It")
r--.
0"'
'1"""'1
fI7
(:"-...
t"--
\0
\0"'
0\
'1"""'1
r--."'
'1"""'1
GI9
~
('1')",
'1"""'1
~
00"'
'1"""'1
fI7
'1"""'1
N
It')
0\
o
\0
\0"'
'1"""'1
GI9
]
'3
~ ~
~ 8
S ~
o 6b
~
Q.)
'0
Z
~
~
~
VJ
~
~
~
~~
~
~
~
o
u
~
o
~
~
u
~
~ .5
~~ ~)
~S >:~
=~ ~~
~~ ~.~
QZ TJj~
~~ S~
~~ z ~
rJ1~ ~~
~ ~ ~ ~
t..?.,. ~ ~
~O ~~
=(J ~~
u ~
~
0'\
o
o
N
o
00
-.:t
0\'" I
00
00
00'"
~
NM
o M
C"f) \0
\0'" 00'" I
-.::t 0
\0 C'l
I./') N oq- 00 MOl./')
N N N \0 C"f) 0 t'--
-.:t... C"f)... I./') """ """... ~ \0
00 0'\ ....; 0'" ......t 1./')'" 0'"
N N t'-- I./') 0 I./') 00
0... ......t oq- C"f) -.:t -.-( M
......t t'-- ... 0'\'"
M
E;;9
00
o
o
N
1./')001./')00
"""000'\00
:;:... ~... ~~... I
I:"'--N......cl./')
O\No;.M
t'-- ... .....c
~
OM""" I./') C'f') 0 0
\0 C'f') \0 C'f') 0\ 00 00
~... ~... :... ~... ~...~... ~...
o M 0 C"f) oq- ......t 0
M C'f') 00 """ I./') ......t ......t
~... -.-(.........t... 1./')'"
N
E;;9
I:"'--
o
o
N
o 1./')00 t"--
0\ M......c I./')
M"""N\O
-.-(... C"I1'" -.::i' 0\'" I
o 00 .q- 00
t'-- \0 M ('f)
\0'" -.-(...
-.-(
\0 t"-- ......t -.-( \0 0 -.-(
~ N \0 \0 I./') 0 -.-(
""" C'f')... C'f')... ('f)... t'--... t"-- I./')
1./')'" 0 """ oq- 1.11 r-: \0'"
\0 0\ N C'f') 0 """
0'\ ""'i M" t"--......t M
......t ......t C"f)'"
N
E;;9
\0
o
o
N
1.11 ......t 1.11 0
""" -.-( \0 \0
~...~...~...~... I
o """C"f) 00
t"--V10'\"""
~... ....;
I./') oq- -.-( 0\ [--. 0 [--.
0\ 0\ \0 0 M C'f') 0'\
'0 C"f) C'f') """ \0 [--. 0
-.-(... ('f)'" -.:t'" '0'" \0'" C'f')'" 00'"
""" [--. 0 0\ 00 [--.
00 -.-( 0\ C'f') 0
-.-(... M'"
M
~
1.11
o
o
M
O\OO'\~
-.-( 0'\ M ~
~... ~...~... ~ I
[--.t"--I./')\O
M C'l C"f)... C'f')
oq-'" .....c
-.-(
0'\ M 0 C'f') '" N ......c
M......t[--.O\ooO """
~~,,~~...~...~ ~J
-.-( -.:t """ \0 0 00 M
1.11 0\ """ -.-( 1.11 -.-( 0
0'\'"
.....c
~
~
11
(I)
l:I::
f;I:)
lr)O\M~
"""~-.-([--.
('f) C'f') 1.11 ~
00'" \0'" 1.11'" t'--... I
M'I""'"lOt"--
"""""""l\l')
M'" -.-(
-.-(
\OM\OONoo -.-(
N 1.11 -.-( "=t oq- 0\ M
0\ -.:t MOO -.-( C'f')
0'" M'" [--.... 00'" [--.... M'" 1.11'"
MV1-.-(NO\O\ """
I./') 0\ M M [--. 00
00'"
-.-(
"""
o
o
M
e;o;
C"f)
o
o
N
0\ """ ('f') N 1.11 \I') \0 00 0\ t'-- 00
f::~gg~ ~$~~~cid~
\0'" t---'" ~ 0'" · 0\'" '0'" 00'" "",,'" [--.... \0'" C'f')'"
O\t---O\O O~\OOOO\ 0
lrl M M lrl 0\ """ lrl [--. C"f)...
N'" t---
~ -.-(
EA-
N
o
o
M
ooM\ONO\Olr)-.-(Moo"""t'--
-.-(OM[--.O\O\~"""\OV1\O """
-.:t... lrl -.:t 00 0 lrl I./') 0 0\ C'f')... lrl C'f')...
\0 "",,'" C'f')'" 0'" 1.11'" "",,'" "",,'" \0'" t---'" \0 "",,'" oq-
0\ C'f') -.-( [--. -.-( C'f') \0 """ 0 0 l.() oq-
MC'f')O\M\Olrl"""t----.-(Nl.()0
M ~
~ -.-(
GI'7
-.-(
o
o
N
lrl [--. t.r) lrl 0 0\ ~ M [--. [--. 00 t'-
-.-( C'f') l.() l.() M M 0\ 1.11 C'f') 0 [--. 0\
O\\ON~oo"""O\MO\OooO
0'" \0'" 1./')'" N'" ~ t'-- ... .....c... 0\'" [--.... "",,'" lr)'" \1')'"
t"--NI./')C'f')O\I./')-.-(\O......cOOt'--O\
~C'f')ooNl/')I/')M"""M......cMM
-.-( ~ ~
-.-( -.-(
e;o;
o
o
o
N
t---MC'f')-.-(I./')O\l./')o\t'--""" 00 0
M"""\Ot'--oq-\O\Ooooo('f)\O\O
~... ~... ~ 6;;'" ~... ~... ~... ~... ~... ~... ~... :--
-.-(\O\OMo\[--.M-.-(\Ot'-\OO\
\0 lrl ......t M M I/') \I') .q- -.-( -.-( l.() M...
O.....c... -.-(... \0
.....c .....c
GI'7
~ Gf.I
~ "s J!
o~~~ Gf.IB ~
~ 1 ~ ~"E ~ ~
~~e~5~ e ~ e
00 ~r.e BccE ~s e ~ "'::J
~ 4) (I)..."!:! Q) "d tj:j ~ ~ ~ ~
Z Gf.I ~~] ~~ ~~ Sh".8= ~
~ ~ i 8 oa o~ 8 ~ ~ !i ~ "~
~~~~C5Q~O~~Q::E
00'0 00 \0 N\OC'f')\O"""
.....coo-.-([--.MMo\Ot---
N [--. -.-( l./') M '0 00 00 t---
0\ ......( 0'" 00'" 00'" [--.... -.-(... 0\'" 0\'"
MM"""ool./')-.-(O\"""1./')
\OI./')OOl./')O"'N"""t'--
N'" ..; C"f)'" "",,'" ('f)'" -.-(... N'"
0\\01./') \0 """t'--O\\O \0
"'\0 t'--l./')-.-(MI./') M00
\0 I./') I./') 0 I./') 0 0 \0 M
~"'~"'~"'~"'~~"'~r~"'~'"
to """ [--. C"f) -.-( \0... M """ .....c
"r -.-(... ('f)'" "",,'" ('f)'" .....c '0'"
~~~~~~~~~
~...~...~~...~...~~...~~...
"",,\O-.-(\O.....cool./')-.-(C"f)
N """...l./') 0\ 0\ """...N """ M
M'" .....c M'" M'" M'" -.-( \0'"
oo.....c""""""[--.'Ot'--oq--.-(
0\ lrl I./') lI') M N M """ "=t
~...~...~:...~...:...~...~:...
o \0 l/') l/') M 0 [--. [--. 0\
.....cN\Ol./')oo\ONM'oo::t
N'" .-c'" M'" ('f)'" M'" -.-(... "",,'"
-.-( MOO .....c t--- I./') ('f') 0
g~~~~...~~~~
M'" 0'" \0" M 00 \0" 00'" [--.... 0\
t'--\O\OO\ool/')('f')l./')1./')
00 .-c -.-( N ('f) \0... N C'f') """
....; .....j ('f)'" C'f')'" N'" -.-( -.-('"
O\I./')O\O\MOt'--O'\.....c
-.-(oq-t'--\OMMO\.....c"""
~"'~~"'~"'~"'~"'d-~"'~'"
""" 00 I./') N 00 M l/') lI') ('f)
""" N 0 .....c oq- """ M ("f) 0\
N'" ..-4'" M'" M'" N'" ....;' -.-(...
l./') \0 00 ....... 00 M 0 '0 M
~...g M...~ ~...g...~ ~ g
0\ "",,'" \0 -.-( ... N N -.::i' "r 0'"
\0 [--. N ('f) \0 0\ C'f') \0 M
""" M 00 ('f) NON -.-( """
-.-(... -.-(... ('l'" ('f)'" ('l'" -.-('" [--....
"""t'--ooOooO\O'oo::tM
t'-- t'-- \0 t'-- 0\ 0\ 1.11 .....c 0\
\0 00 0\ 00 I./') 0 0 00 00
tr)'" \0'" M'" -.-(... lr)'" ",'" 0'" ('l'" \0'"
('l M 00 -.-( \0 ('f) I./') 00 """
0\ M [--. [--. \0 M -.-( -.-( \0...
-.-(... -.-(... M \0'" .......'" -.-('" .....c
MooMNOMO\O\N
t'-- I./') N .....c I./') 0\ .....c """ [--.
M... t'-- N \0 00 0 MOM
\0 1./')'" N'" r--f 1./')'" 00'" 00 v) M'"
M M l./') N ('l 0 ..-4 M I./')
0\ M 00 ..-4 \0 """ .....c -.-( 0
....-I... ..-4'" N'" "",,'" -.-('" -.-('" -.-(...
-.-( 1.11 \0 1.11 """ -.-( 1.11 0 N
.....c 0 \0 .....c N 1.11 t'-- N -.-(
o """ 0\ 0\ \0 \I') M \I') M
N'" 0\ [--.... 1:"'--'" lr)'" 00'" 1.11'" N'" "",,'"
('f') N 0 0\ """ -.-( 0 ('f') \0
o N... ('f')", \I') 0 \0... .....c -.-( 0\
M ..-4 N N'" .....j -.-( M'"
~
~~
00 fi 8
~I~
E-I 0 p.
S~~
~ ~ ~
~ Q) 0
~C)u
~
00 M 0\
""" \I') M
-.-( I./') t'--...
M'" \1')'" l./')
M t'-- 00
o N ("f)
-.-(... M "",,'"
M
o 00 \0
0\ 0\ .....c
t--- t--- 0
"",,'" 0\'" 0'"
00 00 ('f)
lI') -i \0
M........c \0'"
M
....... .q- -.-(
o 0 I./')
o N -.:t
"",,'" lr)'" ",'"
'" 0 '"
0... 0 \0
-.-( N'" \1')'"
M
[--. t'-- l./')
-.-( """ 0
00 0 00
-.-(... 0\'" 0'"
""" ('l """
-.-( 0\ M
-.-(... -.-(... ~r
\0 00 M
\0 0 [--.
00 M t'--
",'" M'" t'--'"
00 [--. l()
M I./') oq-
-.-('" -.-(... 00'"
.....c
M ('f') t'--
0\ M M
\I') \0 0
t'-- '" [--.... M
t'-- -.-( \0
N \0 M
-.-('" -.-(... ~...
-.-(
0\ -.-( 0\
-.-( \0 0
M I./') \0
~... 010'" t'--'"
\0 ("I') 00
\0 """ -.-(
-.-('" -.-(... M'"
N
010 0\ [--.
[--. \0 00
[--. \0 ~
t'-... "",,'" l()'"
o 0 """
~'" :2 ~'"
N
0\ ...-.( [--.
o '0 0
\0 -.-( M
M'" M'" M'"
""" I./') t'--
010 """ 00
-.-('" -.-(... [--....
-.-(
l./') 0 'll::t
010 0 \0
[--. 00 M
M'" "",,'" C"'&'"
\0 0 0
0\ 00 00
-.-(... \0'"
-.-(
8
~~
t
8 "~ ~
"E .a 8 8
~ ~ ~ ~
e ~ "~j
::s ~ "S =
3~~~
~
>-a
~
~ ~
~ 8 4,)
5 "~ ~ ~ '3
'3 ~ e "~ ~
"~~ ~ ~
u ~
~
~
=
.$
......
=
=
CJ
"-'"
N
~
~
~
~
00
~
~
~
~
~
~
~
o
u
~
o
~
~
u
~
~ ~
~~ ~~
~s ~~
=~~~~
= -< Q,) -< .~
z~=u~
QZ~~~
~r-l=~--..
7:~QZ~
~ ~r-l ~
~~ ~~
t..?;>- E-l~
~o rJ'1~
=~ j~
u ~
~
;;
~
]
ii:
0\
o
o
C'I
00
o
o
N
t'""-
O
o
C'I
\0
o
o
C'I
tn
o
o
M
'O::f'
o
o
N
('f')
o
o
C'I
N
o
o
N
~
o
o
M
o
o
o
C'I
CI)
~
~~~
~~S
~~t=
O'-'~
~ ~ ~
~ 0 ~
~
\0
M
0\
"<:t'~
0\
00
"<:t'~
EA
\0
M
\0
N~
N
1II
1"""'l~
EA
o
.q-
0\
N~
1II
"<:t'
N~
EA
00
o
t'""-
N~
\0
1"""'l
....;
EA
00
\0
1II
O~
t'""-
1II
EA
\0
1"""'l
t'""-
~
1"""'l
.q-
EA
1"""'l
\0
C"l
"<:t'~
00
00
1II~
EA
o
"<:t'
0\
O~
o
00
M~
EA
o
1"""'l
N
t'""-~
t'""-
"l
1"""'l
EA
"<:t'
e
1"""'l~
1"""'l
"<:t'
EA
0\
lIi
t'""-~ I
('t1
M
\0 0\
t' t'
t'- 0\
oo~ 'O::f'~
('I") 1"""'1
('t1 1II
N~ 1"""'l~
o 00
lIi \0
-t -t
\O~ oo~ I
t' 0\
1"""'1
~ lIj
o \0
-t -t
C'I~ O~
00 -.:t'
o C'I
N~ -t~
o
o
o
O~
0\
00
O\~
..-..
o ~ "l::t 0\
OMlIj \0
00 M -t 0
OO~ -t~ t'""-~ M~
C'lMt'""-
0\ \0 0\
-.:t'~ -t~
\0 0 1"""'1 ~
-t t'""- \0 0
~~~ll ~~ ~~
o lIj 0 t'""-
"l::t-t N \O~
N~ ~
o t'""-
O 00
~~ I ;- I
t'""- 0\
1II
O\~
..-..
\0 q- -t
o tr) \0
~~~~~
lIit'--t
"l::t \0 N
('-..~ ...: .....:
-t lIj
\0 0\
C'I OO~
tr)~ -t
-t "'d-
1"""'1 \0
-t~
...-..
o ...... 1"""'1
o ~ lIi
o -t 0
O~ \O~ oo~
o \0 0
\0 ('-..~ ('-..
~
o
o
~~ I
o
o
M~
00 ('I")
\0 M
0\ M~
N~ "l::t
0\ "l::t
O~ \0
......
000
o 0 tn
~~~~:~ I
o ('-.. N
\O~ "l::t ........
1"""'l O~
........
...-..
o l/') 0\
\0 ('f') lIi
M 0\ \O~
-t~ OO~ tr)
0\ 1"""'1 0
o -t~ \0
O~ ........
......c
N
N
('-..
1II~ I
00
"<:t'
N~
0\ ('f')
\0 \0
('-.. ('-..
\O~ ~
t'-- N
00 "'d-
c.tl $
~~.g ~I
~ ~ ~ ~ ~ ~ ~ E .S
Zoo~~~J~$rn
~ f;lol .~ :..!::I ~'V C) i:l ~
~ U --0 ~ "::1 C+-lo i1) c.g
~~]~~'aQ)~~
=O~~ZU~~~
E-coo
o
~
'6
J1
lU .e,
~o do Q)
~
~ ~ ~
a ~
H
\0
l()
l()
t'--~
1II
00
"l::t
lIj
N
\O~
1"""'1
.,...(
~
-t
tn
l.()
-t~
q-
\0
l()~
M
"l::t
M~
M
0\
O~
~
"l::t
t'
0\
t---~
t---
\0
N~
\0
\0
M
~
('-..
"l::t
o
\0
o
oo~
tn
"l::t
l()
('I")
\0
oo~
-.:t'
-.:t'
('f')~
\0
\0
t'--"'
\0
-t
\0
C'I~
00
C'I
t'
C'I~
('f')
O\~
N
00
z ~
~ u
~ ~
~ ~
u ~
~ ~
z
C'I
0\
q-
N~
l()
t'
l()~
~
N
00
M
\O~
o
q-
Vi
........
.......
\0
oo~
00
-t
('f')~
Vi
tn
\0
('f')
O\~
\0
EI7
C'I
'O::f'
l()
oo~
"l::t
N
('f') "'
vt
o
lIj
\0
lIj~
lIj
vt
-t
o
C'I~
\0
C'I
'O::f'
tn~
Vi
l()
o
('t1
M~
l()
('f')
vt
\0
lIj
lIj
O\~
M
o
-t~
vt
'II:t
C'I
\O~
-t
N
lIj
N~
vt
~~~~
~~~~
~~~Q
~~oz
E-c~zt:
~~~~
~<O~
A
#.
('f')
vi
.,...(
'$.
\0
~
-t
#.
o
\Q
-t
"$.
-.:t'
\0
.,...(
"$.
00
\Q
-t
#.
t---
\0
,....(
M
0\
'$.
('-..
0\
........
00
I-l
Q)
P-4
o
i
~
J
'"d
~
'8
Q)
1-1
00
~
Q)
Cf.l
00
cj
ta
~
.~
'"d
~
.,D
.~
=
8
~
::s
"0
.S
'0
$:l
00
Q)
.g
3
"S
o
t;
~
.~
u
Q)
~
o
Z
"$.
M
~
-t
'$.
\0
0\
~
#.
o
o
N
l()
~
~
VJ.
~
~
~
~
~
~
~
o
u
~
o
~
I--l
U
~
~
~
~
~
r-l
~
~
o
~ ~
~ ~
~ ~
u S
-< Z
= r-l
r-l ~
~ ~
E-4 ~
tfJ
r-l
~
r-l
~
~
=
r-l
tIj
tIj
r-l
rI:J
Vl
-<
~~~Q.)
~S~=
.~~ ~~
~ Eo-<<
Q.)
3~~
0":= ><
Eo-<<Oe':S
Eo-<<
Q.)
......-l
~~
~ tI) Q.)
10'1 00 ~
Eo-<< Q.) e'tS
00>
~<
Eo-<<
....-
~
U:i (1.)
a3 ~ 0
~~~
Eo-<<
~
8 b
~ 0
~~
~
".Jj
5 Cl)
"0 0
~lt
~ ~
~~
~
0\
-.::t....
.......t
00
\0
0\....
N
t"'....
.......t
t"'
~
\0
\Or.
00
00
1""""1
1""-4
0\
~r.
l.(")
l.(")
.q-
C'f
0\
r--...
Mr.
C"}
,.....(
C'r
l.(")
~
\0
-.::tr.
M
o
r--...r.
\0
M
C"}....
Gq
~ ..q- -.::t -.::t ~
r--... r--.. r--.. r--.. (""--.
~ ..q- ..q- ~ ..q-
('f") ('f') M ('f") M
00000
Gq
~ t"' l.() l.(") l.(")
0\ ~ l.(") -.::t N
-.:::t.... \0 -.:::t \0 \0....
1""""1 \Or. C"}r. ~r. ~
00 00 0\ ('f") 00
\0 00 t"- 0 ~
O\r. ~ ('f")r. t"-.... 0....
N ~ N \0 00
I:'-r. O\r. ,.....( M l.(")
~ ~ C'f C'f C'f
Gq
00 00 0\ \0 ""'"
l(') N \0 r--.. r--..
~ ~ l.(") ..q- N
N.... N r. "'f::tr. l.()r. "'f::tr.
M 00 0 0\ r--..
\0 M M ,.....( r--..
O\r. \Or. c,f \0.... 0\....
""d- ~ 0\ 0\ ,.....(
I""""'l ~ ,.....( ,.....( N
Gq
N l.(") r--... 0\ (""--.
MOM l.(") t"-
-.:::t t"- l.(") 0\ N
Nr. ('f')r. t"- r. 0\ l(')r.
o \0 "'=t' 0\ "'=t'
00 \0 ""'" l() 00
~r. 00 r. or. Nr. ('f")r.
I:'- I:'- 00 00 ["'--.
Gq
o 0 t"- N N
N r--.. 00 \0 N
C'i 0 ~ """'" \0
,.....( l.(").... O\r. 0.... 0
.......r 0 ~ M .......r
l() \0 \0 \0 .q-
"'=t'r. O\r. l.(")r. 0.... \0....
o ["'--. MOON
00 O\r. N .q- r--..
.......r 1""""1 N.... Nr. Nr.
~
o ,.....( N ('f") ""'"
000 a a
000 a a
N N N N N
l(')
N
\Or.
1""-4
00
~
or.
00
l.(")
C'f
l.(")
\0
00
\Or.
0\
l.(")
N....
l()
\0
c,r
-q-
r--..
-q-
M
o
l.(")
\0
00
\0....
0\
l()
C'f
l.(")
\0
C'f
.......r
00
M
~....
\0
N
0\....
1""-4
N
('f")
~
o
l()....
l(')
N
oor.
["'--.
M
o
N
\Or.
a
\0
Mr.
0\
r--..
C"-f
l.(")
l.(")
00
Nr.
~
N
('f") r.
r--..
00
Nr.
~
r--..
""'"
('f")
o
l.(")
l.(")
00
~r.
N
M....
["'--.
00
N....
.......r
N
l(')
O\r.
o
00
.......r
N
N
N
o
r--..
C'f
N
.......r
O\r.
t"'
~
r--..
\0
0\....
N
0\
l.(")r.
.......r
o
('f")r.
\0
00
l.(")
oor.
.......r
('f")
r--..r.
00
o
('f")r.
~
["'--.
~
M
o
\0
00
l.(")
oor.
.......r
M
r--..r.
00
o
("fir.
.......r
0\
["'--.
l.(")r.
I""""'l
.......r
00....
N
N
00
.......r
0\
or.
00
o
\0....
00
0\
l.(")
~
Mr.
l()
("fi
O\r.
N
N
("fir.
('f')
0\
r--..
.......r
t"-
o....
.......r
o
~
('f')....
0\
N
~
r--......
-q-
00
r--... r.
.......r
\0
Mr.
0\
l.()
l.(")
M
o
0\
l()
l.(")
("fi
o
M
0\
t"-r.
.......r
t'-
Or.
.......r
o
~
('f") ....
0\
N
~
r--......
~
00
r--......
.......r
\0
('f')r.
\0
00
~
l()....
.......r
0\
ot:r
N
N
l.(")
0\
0\
\Or.
t'-
\0
or.
M
N
M
00
N
00....
0\
0\
r--...r.
0\
,.....(
.......r
.......r
\Or.
l.()
l.(")
O\r.
0\
\0
0\
0\
oor.
00
0\....
,.....(
M
l.(")
('f')r.
M
.......r
('f')
00....
\0
0\
oor.
~
["'--.
('f')r.
l.(")
o
o
N
\0 t"- 00 0\
o 0 0 0
o 0 0 0
N N N N
"0
~
~
".Jj
5
"0
"~
ijj
"""
"""
c.S
Q.)
~
~
~
t
C'\S
~
o
"S
(1.)
(.)
b
~
o
o
.......r
~
o
b
~
~
CI:l
Q.)
CI:l
Ul
Q.)
CI:l
CI:l
c'd:
"0
.~
Q
~
Ul
"Cd
~
~
(j)
~
Eo-<<
~
C\
"0
"~
J:t
CI:l
Q
~
U')
"Cd
~
~
i
~
Eo-<<
Q.)
(,.)
~
tIJ
u:i
~
~
~
Sa)
~~
Q.) >
g~
o [/)
~ ~
~ ~
~~
CI:l 0
e':So
~o
"~ ~
Cb
~ ~
8 ~
d ~
Cd ~
~ ~
" S Eo-<<
~cJ
"5 ~
~~
8 b
~ ~
Qj
"0
Z
\C
~
~
VJ
~
~
~
~
~
~
~
~
o
u
~
o
~
I--l
U
Vl
~
E
~
r-l
=-c
~
~
tJ
~
~
~
~
~
~
u
~
=
~
>
~
tfJ
S
Z
r-l
~
E-i
tfJ
-<
~
f
o S t)
u ....c '.a
..... 6r rn
~ ~ Q
ro
E-c
j
001)
U ~.E
i8lS
ro
E-c
l !
ro 0
E-cU
!
~
.~
~
~
o
1)
= .S
~1~
~ ~g
~..g
00
CI.l 1)
~ ~.S
]"S~~
~ ~ ~ ~
~ ~ ~g
~ ~~
t)
<b ..2 ~ ..a
s:l- Q) CI.l
.f.~] Q
~~ fg
o u s:l ~
~oo
t)
.....:a
]~lS
ro ~ '0
u ..0 0
~~
1)
o ~ ..a
~1~
! !]
~ Q
00
'3 t) .B
~8~
rn
.B ~
~ e ..z:f ;-I 8
;-I 0 ~t\ ~ .~
Q 1=1 """'I .....
eo...... Q
QO~ CfJ
p
U
~ 8
: ;i
.~ ~ ~
~ .-
t~
] ~I
ii:r
000
t"-- t"-- t"--
o 0 0
oo::t oo::t oo::t
C'f') C'f') C'f')
M N M
000
w
o 0 0
.....t .....t .....t
oo::t oo::t oo::t
\0 \0 \0
o 0 0
.....t .....t .....t
o 0 d
w
oo::t 0'\ 0'\
00 t"-- t"--
oo::t oo::t oo::t
\0 t"-- t"--
N N N
d 0 d
V7
o t"-- 0'\
V"l M 00
t--. M N
oo::t \I') V"l
~ ~ ~
EI7
00 \I') 0
.....t t"-- ("l')
("l') t"-- V"l
\0 \0 \0
,...; .....4 ,...;
EA
o 0 0'\
("l') ('t) t"--
N N \0
V"l 00 .....t
V"l V"l \0
.....; ,...; .....;
EA
o 0 0
o V"l 0
0'\ 00 V"l
t; 00 0'\
.....t ,...; .....;
EA
V"l 00 00
M 0'\ 0'\
C'f') \0 \0
lf1 V"l V"l
.....t ,...; .....;
EA
o 0 0
oo::t oo::t oo::t
t"-- t"-- t'
oo::t oo::t ~
C'f') C'f') C'f')
000
Gi'9
001.0
.....t oo::t 00
o oo::t t'
0'\ 00 t'
000
odd
w
o 0 oo::t
('t) 0 V"l
t' C'f') 0'\
V"l \0 \0
N M N
o d 0
V7
o
o
o
N
.....t
o
o
M
o t"--
o 0'\
o ("l')
oo::t V"l
("l') ("l')
N N
d d
o 0
00 00
C'f') ('t)
0'\ 0'\
('f) ('t)
.....t .....t
d 0
o 0
tI1 V"l
N N
t'-- t"--
N M
d d
0'\ N
.....t \0
V"l t"--
1.0 \0
.....; .....;
0'\ \0
.....t .....t
.....t \0
t"-- ~
.....; .....t
0'\ V"l
t"-- 0
0\ .....t
V"l 0
~ t;
.....t .....t
o V"l
tI1 N
C'f') 0
0'\ 0'\
.....; .....;
o 0
t"-- t"--
.....t .....t
\0 \0
,...; ,...;
o 0
"I:t oo::t
t' t'--
oo::t oo::t
C'f') ("l')
o d
t'-- 0
.....t oo::t
V"l 0
t"-- \0
o 0
d 0
C'f') 0
M 0
M t"--
t'-- 00
M N
d d
N
o
o
N
("l')
o
o
N
oo::t
o
o
M
t'
0'\
("l')
V"l
("l')
N
d
o
00
("l')
0'\
('f)
.....t
d
o
V"l
N
t'--
N
d
V"l
t"--
0'\
\0
,...;
V"l
;::
t"--
.....;
o
o
o
o
t;
.....t
o
tI1
C'f')
0'\
.....;
o
t'
.....t
\0
,...;
o
oo::t
t"--
oo::t
C'f')
o
00
\0
\0
V"l
o
d
N
t'
o
0'\
N
o
l()
o
o
N
t"--
0\
C'f')
V"l
C'f')
M
o
o
00
C'f')
0'\
("l')
.....t
d
o
V"l
M
t'
N
d
00
V"l
.....t
t'
.....;
o
C'f')
N
t;
.....t
o
o
o
o
t'--
....;
o
l()
("f)
0'\
.....;
o
t"--
.....t
\0
.....;
o
~
t'--
oo::t
("l')
d
0'\
\0
0\
\0
o
d
.....t
t"--
t"--
t"--
N
d
\0
o
o
M
t'
0'\
C'f')
l()
C'f')
N
d
o
00
("l')
0'\
('f)
.....t
d
o
V"l
.....t
t"--
N
d
o
00
o
1.0
.....;
\0
t"--
0\
lf1
.....t
o
C'f')
oo::t
t"--
lf1
.....t
o
l()
0\
t"--
.....;
o
V"l
\0
V"l
.....;
o
oo::t
t"--
oo::t
("l')
o
t'
\0
00
\0
o
o
C'f')
t"--
00
t"--
N
d
t"--
o
o
M
t'
0'\
('f)
o
("l')
M
o
t"--
0'\
00
t'--
N
M
d
o
00
C'f')
0'\
("f)
.....t
o
o
\0
0'\
t"--
("f)
.....t
d
o
V"l
1.0
\0
N
o
o
o
o
oo::t
\0
M
oo::t
t'
V"l
C'f')
,...;
0'\
\0
~
~
.....t
t'
C'f')
o
C'f1
.....t
tI1
l()
0'\
N
.....(
o
o
o
0'\
C'I
.....(
o
o
o
0'\
N
....;
o
l()
\0
oo::t
.....4
o
t.r)
.....t
~
.....t
o
V"l
o
~
.....t
o
o
.....t
oo::t
,...;
o
0'\
V"l
V"l
C'f')
o
o
0'\
V"l
V"l
C'f')
o
.....c
0'\
N
t'--
o
d
.....t
C'f')
t"--
\0
o
d
0'\
0'\
N
00
N
o
o
\0
00
00
M
d
00
o
o
N
0'\
o
o
N
"0
.B
00
Q
ca
00
.~
~
~
~
~
- ~-
ca t 0
o <l) ..8
~ 0... 0
~ 8 00
~ ~~
~~.;3
~U]
S ~ .~
e.o 0 ~
,S ~ ~
0.. _ ~
~0..C,)
~ ~.Q
~ ~ .~
o d ~
"0 ~ t
.;::: ~ <l)
1;j ~ ~
;at'a
o <l) <l)
o ~ ~
] ~~
~ ~ 00
~ 11
rJ ~ t'
~~~
~ ~ 8
r. 0 0..
~ ~ ~
~ ~ "~
:>- r. U
<l) <l) 4-.
- - 0
o ~ Cf.l
U ; ""d
4-. X . !:l
o Q) -:S
~ ~ 6
u~~
] ~^ .Q
jii.~
~ :.a 5
.~ 0 ~
~ ..8 0..
Q) 0 ~
~i~
o <l) -.-
t'~E
<l) <l) ~
0.. 0... ~
o <l) 0
~"'O
o .S .Q
~ -= 0...
..Qe~
~~ ~
tIj ".-4 d
d "'0 ~
o:S ~ :0
00 ~ ;:::
t= >.~
8~O
e ~ g
~ ~ ~
~~rn
~.~ d
~ E~
8 U ~
]~~
(lj <l) ~
'd ~
Q .-! ~
o ~.~ .
C <l) ~ ~
o .,J:J <l) " S
~ ~ :::l 4j
~~C;~
<l) 0 ~ ]
~ ~"~ Q
00 t <l) :E
<l) ~ ~ ~
e8-~~
e.o 0.. U 0
.S ~ ] ~
0.. - ~
~"~ ~r. ~
]~ <l).B
o 8 ~ ~
l()
C\
~
rn
00
<l)
~
TABLE 7
CITY OF COLLEYVILLE, TEXAS
PRINCIPAL PROPERTY TAXPAYERS
CURRENT YEAR AND NINE YEARS AGO
2009 2000
Percentage Percentage
of Total City of Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Taxpayer Value Value Value Value
Melvin & Matrindale $ 25,806,252 0.71% $ - %
TXU Electric Delivery 17,858,176 0.49% 13,513,653 0.79%
Lifetime Fitness Real Estate 12,275,000 0.34% - %
Colleyville Plaza 6,508,174 0.18% - %
Keith & Missy Hutton 6,283,500 0.17%
G Points SC Ltd. 6,042,358 0.17% - %
American National Bank of Texas 5,880,738 0.16%
RP25 Development LP 5,801,685 0.16% - %
Uhlman Colleyville, LLC 5,558,425 0.15% - %
Village Management 5,198,100 0.14% - %
Albertsons - % 11,670,707 0.68%
Colleyville Glade Corporation - % 6,715,225 0.39%
Patsy Smith - % 4,473,545 0.26%
Colleyville Development Corporation - % 4,348,454 0.25%
ASG Colleyville Park, Ltd. - % 3,705,591 0.22%
Payless Cashways - % 3,653,709 0.21%
K-Mart Corp - % 3,315,073 0.19%
Greenway Glade Partners LP - % 3,214,487 0.19%
Southwestern Bell - % 3,191,560 0.19%
Total $ 97,212,408 2.67% $ 57,802,004 3.37%
Source: Tarrant Appraisal District
96
TABLE 8
CITY OF COLLEYVILLE, TEXAS
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
Collected With the
Taxes Levied Fiscal Year of the Levy Collections Total Collections to Date
Fiscal for the Percentage in Subsequent Percentage
Year Ended Fiscal Year Amount of Levy Years Amount of Levy
2000 $ 6,008,914 $ 5,948,825 98.9% $ 56,443 $ 6,005,268 99.94%
2001 6,664,042 6,597,402 98.8% 63,112 6,660,514 99.95%
2002 7,399,976 7,325,976 98.3% 66,174 7,392,150 99.89%
2003 8,233,543 8,151,208 98.8% 78,652 8,229,860 99.96%
2004 8,719,444 8,632,250 99.2% 83,647 8,715,897 99.96%
2005 9,201,770 9,109,752 99.1 % 86,710 9,196,462 99.94%
2006 9,981,646 9,906,769 99.2% 68,583 9,975,352 99.94%
2007 10,725,345 10,592,222 98.8% 123,055 10,715,277 99.91%
2008 12,024,882 11,903,333 99.0% 91,070 11,994,403 99.75%
2009 12,875,919 12,734,871 98.9% 12,734,871 98.90%
Sources: Tarrant Cowty Appraisal District and City of Colleyville Finance Department.
97
TABLE 9
CITY OF COLLEYVILLE, TEXAS
PRINCIPAL WATER CUSTOMERS
CURRENT YEAR AND NINE YEARS AGO
2009 2000
Percentage Percentage
of Total City of Total City
Water Water Water Water
Usage Usage Usage Usage
Taxpayer
Grapevine-Colleyville ISD 38,616,200 1.61 % 43,259,600 2.06%
Town Center 12,114,500 0.50% - %
Lifetime Fitness 10,932,900 0.46% - %
Market Street 8,393,800 0.35% - %
Bluebonnet Hills 5,935,000 0.25% - %
Burk Collins - % 4,797,300 0.23%
Shadowood Trail 4,671,900 0.19% 5,807,100 0.28%
Remington Park - % 4,500,300 0.21%
Walgreens - % 3,948,100 0.19%
Woodland Hills 3,886,400 0.16% 5,454,100 0.26%
La Hacienda Ranch 3,883,800 0.16% 3,925,900 0.19%
Rio Mambo 3,526,200 0.15% - %
Albertsons 3,244,400 0.14% 4,821,.500 0.23%
Highland Meadows HOA 3,055,400 0.13% - %
Colleyville Glade 2,922,000 0.12% - %
Timarron 2,821,800 0.12% - %
Wash Depot 2,815,800 0.12% 4,285,400 0.20%
Covenant Christian Academy 2,534,600 0.11 % 5,482,100 0.26%
Colonial Bank 2,486,100 0.10% - %
Total 111,840,800 4.66% 86,281,400 4.11%
Source: City utility billing records
98
o
....-I
~
~
V1
~
~
~
~
~
~
o
u
~
o
~
I--l
U
r-l
~
~
;;
E-l
=
r-l
=
~
~
rIJ
E-4
~
o
~
o
rIJ
o
1-1I[
~
~
~
~
~
r.n
S
Z
~
~
CI'J
j
C'l3
b :~
~ ~
U
Q)';!
~ = Q.)
"S ~ ~
(j) b (,.)
(.) ~ d
b ~
~r.s
~
';j~5
'O.~ ~
Eo-<< '-I >-
~ 0
o
~ ~
"~ CI:l
~~
u~
~
".0
: e (j) Q.)
~ ~ 8 ~
(j) "~ ~ E3
$o~~
I
CI:l
CI:l
CD
"S
CI:l
~
b
~
r.f) Q.)
"O8~
~ ~ 8
b~~
~
~
"; ~
"~ tI)
~~
u~
CI:l
Q.)
".Jj
"~
".0 ~ Q,)
~Eo-<<8~
';! ~ CD ~
~~6)~
Cl)(/)~
~
~
o
8
~"~ CI:l
~~"O
Cl) bJ) =
5"~ 0
o:OCQ
o
~ ~
~ Q)
i:E:>
'I""""I(""--.r--..('f')~OOONOOOO
('i')0C"\t0\('f')0\~00~00
'1""""1 '1""""1 .......r 0\.... 00.... r--...r. \Or. \0.... 1Il Mr.
("f Nr. C"\tr. .......r .......r .......r .....-I 1""""4 .......r .......r
(I}
~'$.'$.'$.'(f:.'(f:.'(f:.';f..'$.'$.
O\.......rN1""-4('f') 00\Cl O\l()('.\
"l:tMNOO~NO\OO\Ol(')
~-.e:t~('f')('f')('f')NNNN
~NC"\tNN~OO.....-ll.(")\O
~NNC"\tN\ONO\\Cl\O
l' (""--. r--.. t"- r--... N ('f') t'- ~r. ('f')
('f)r. Nr. or. N.... t'- r. 0.... \0.... 0\ r. 1""""4 ~r.
C"l OOM\O 00 \000"","00 0\
O\r. Or. N 1""""1 l.(") t'- l() N M C'i
o 1""""4 N.... 0.... t'- r. t'-r. ltjr. r--..r. "'=t'r. .......r
"l:t~..q--q-M('f')M('f')('f')('f')
(I}
r--..MO
r--..('f')~
o 0\ ,....,(
1""-4 \Or. ('f').... I
"t::tN.......r
Gt}
0000000000
0000000000
0000000000
or. l.(")r. 0.... 0.... 0.... l()r. l()r. l().... or. or.
o N..q-O \0.....-1\0 0 "'=t'["'--.
C'flOO\OO\Ol.(")('f')NOOO
.,....( ('f')r. Nr. N.... N.... ~.... ~r. N.... Nr. .......rr.
(I}
0000000000
0000000000
0000000000
\Or. or. ('f')r. l().... l()r. or. l.()r. 0.... 0.... 0....
\OOOON\O\Cl~~O
\O.....-Itr)\OO\I""""4('f')l(')OON
or. or. 0\ 0\.... O(f 00.... ["'--..... \Or. l()r. l(')....
.,....( 1""-4
G<q
t"-l.() 0\ 0"\\0
ooO\oo"t::to\
1""""4 ('f').....-Il(')O\
0\.... .q-.... O\r. or. O\r.
\OO~Ml(')
~M~('f')
G<q
C"lNNNNOON\OO
C"lNNNNOO\o,....,(t"-
l'I:'--I:'--I:'--I:'--OO~C\('tj
l'r. Nr. N.... r--...... ["'--.r. 0.... or. Nr. l.()r. 0\
\Ooot'-("I')t"'OO\OI:'--O\O\
~O\~O\OO\["'--.Mt'-,.....(
ltjr. ~r. ~.... ('f').... ('f')r. ~r. ~.... or. 0\ r. 0\....
'I""""I.......r1""""l1""""4.......r.......r.....-l1""""4
G<q
0000000000
0000000000
0000000000
or. l.(")r. tr).... 0.... l.()r. l.(") r. l()r. 0.... ltjr. l.(")r.
O\t'-.......rNNO\\Or--..r--..\O
"l:t 0\ ("f") 00 0\ 0\ \0 r--...... N \0
('f)r. C"'f l.(").... ("1').... Nr. 1""""4r. or. r--.. \Or. "f!!:t'r.
'I""""I.......r'l""""l.......r.......r.......r.......rI""""4I""""4.......r
G<q
O.......r('.lM'Vl.(")\Ot'-OOo\
0000000000
0000000000
C"lNNNNNNNNN
r.ri
1$
8
lU
td
~
r.n
~
" T'""l
~
~
~
~
o
~
r.n
o
8
~
~
.S
"'0
~
~
lU
,.c
~
u
........
~
"'0
I
~
........
~
r.n
b
"1'""4
U
o
~
I
td
~
t-I
rJ)
.,......c
" 1'""4
cd
.......
lU
o
C\
C\
~
~
6
".Jj
cd
'"S
~
~
"'0
~
S
o
u
"$
Cd
6
r.n
&j
~
~
~
~
~
o
.......-I
~
E-c
lU
lU
tI)
CI)
o
o
z
TABLE 11
CITY OF COLLEYVILLE, TEXAS
RATIOS OF NET GENERAL BONDED DEBT OUTSTANDING
LAST TEN FISCAL YEARS
General Bonded Debt Outstanding Percentage of
General Less Amounts Actual Taxable
Fiscal Obligation Restricted to Value of Per
Year Bonds Repaying Principal Total Property Capita
2000 $ 13,490,000 $ 756,106 $ 12,733,894 0.74% $ 663
2001 12,975,000 863,320 12,111,680 0.63% 621
2002 15,315,000 962,363 14,352,637 0.68% 723
2003 13,820,000 1,025,530 12,794,470 0.54% 635
2004 12,925,000 995,889 11,929,111 0.46% 582
2005 11,955,000 989,618 10,965,382 0.41 % 522
2006 10,665,000 1,082,681 9,582,319 0.33% 442
2007 17,770,000 1,254,686 16,515,314 0.53% 746
2008 16,275,000 987,681 15,287,319 0.50% 679
2009 14,665,000 1,121,567 13,543,433 0.44% 601
Notes:
Details regarding the City's outstanding debt can be fOlUld in the notes to the financial statements.
See Table 5 for property value data.
Population data can be fOlUld in Table 14.
100
TABLE 12
CITY OF COLLEYVILLE, TEXAS
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
AS OF SEPTEMBER 30, 2009
Estimated
Share of
Estimated Direct and
Debt Percentage Overlapping
Government Unit Outstandin~ Applicable Debt
Debt repaid with property taxes
Birdville Independent School District $ 255,639,101 0.080% $ 204,511
Carroll Independent School District 194,305,512 0.450% 874,375
Grapevine-Colleyville Independent School District 279,155,892 20.790% 58,036,510
Hurst-Euless-Bedford Independent School District 212,152,032 1.560% 3,309,572
Keller Independent School District 735,369,466 2.810% 20,663,882
Tarrant County 322,210,000 2.970% 9,569,637
Tarrant County College District 28,810,000 2.970% 855,657
Tarrant County Hospital District 42,785,000 2.970% 1,270,715
Subtotal overlapping debt 94,784,858
City direct debt 14,665,000 100.000% 14,665,000
Total direct and overlapping debt $ 109,449,858
SOlU'ces: Assessed value data used to estimate applicable percentages provided by the Tarrant County Appraisal
District and debt outstanding data provided by each governmental unit.
101
(f;
.....
~
~
VJ
~
~
~
~
~
~
o
u
~
o
~
l--(
u
z
o
I--l
E-I
~ ~
o r-l
~ ~
~ ~
~ tfJ
~ i
E-I
~
tfJ
:S
~
==
~
~
~
r-1
~
.....t t"--
0\ t"--
o 0'\
0\ V"l....
C'f') V"l
N ['..
~.... ~....
V"l
C"f)....
o
o
o
V"l....
\0
\0
oo::t....
.....t
EA
0'\
o
o
N
~
o
~
]
ii:
5-c
<S
d
o
..z:f
~
5
td
U
~
.~
~
~
~
Q
i
~
...-...
~
i 5-c
"'C CI) <S
~ ] ~ e
~ 0 .~ ~
~.._~-~~~
~ ..g~~
"$,3 ~~d
V"l 0 ;.:: 6 ~
~j,~.ge~
~.~~]~~
]~~~~~
~;-I;-IO~
~ ~ ~
~QQ
r:--- C'f')
\0 ('t)
Ii). oo::t
....-( M
N oo::t
....-( V"l
.....t"' ~"'
j
3
o
~
i
Cd
~
~ ~
~ S
..r;j ~
.~
=8
oo::t
"'=t
V"l
M"'
.....t
M
oo::t "'
t"--
V7
d
.5b
~
~
~
~
V"l
o
o
~ N
~
]
rn
p::
0'\
o
o
N
00
o
o
N
['..
o
o
N
\0
o
o
M
oo::t
o
o
N
C"f)
o
o
M
M
o
o
N
.....t
o
o
M
o
o
o
M
oo:t
oo::t
1I1
N....
.....t
N
~
r:---
&9
V"l
0\
['..
\0"'
N
o
1I1"'
00
V7
V"l
\C
0'\
N....
00
.....t
['.."'
t'--
&9
.....t
t"--
0",
.....t
C'f')
00
.....i
t"--
EF.t
N
N
0\
oo::t"'
.....t
C'f')",
\0
\0
EA
.....t
oo::t
o
~r
V"l
oo::t ....
\0
EA
\C
\0
00
V"l....
t"--
.....t
0'\"'
V"l
&9
\0
00
00
oo::t"'
0'\
o
C'f') "'
tt')
EA
\0
\0
.....t
t"-- "'
0'\
t"--
t'"'
oo::t
EA
t"--
("I')
o
N....
oo::t
C'l
C'f') "'
oo::t
EF.t
j
;-I
~
Q
C'f')
C"f)
oo::t
C'f') "'
oo::t
V"l
("1')"'
.....t
0'\
("I')
.....t
r---"'
00
M
V"l"'
.....t
N
("I')
.....t
V"l"'
oo::t
t'
v1'
.....t
0'\
.....t
("1')",
N
00
V"l
0\
o
o
o
V"l"'
0'\
0'\
~
.....t
o
o
o
V"l"'
C'l
0'\
N"'
.....t
o
o
o
0"'
N
00
("1')"'
......
o
o
o
V"l"'
.....t
C'f')
V"l"'
.....t
o
o
o
V"l'"
r---
0'\
N"'
.....t
o
o
o
0'"
0'\
oo::t
("1')"'
.....t
j
3
o
~
~
~
~
;-I
~
s
o
E-c
.....t
.....t
.....t
0\"'
\0
\0
0'"
\C
EA
\C
V"l
\C
0'\'"
C'f')
t'
0\"'
\0
&9
C'f')
C'f')
00
r---"'
("I')
oo::t
.....t"'
\0
&9
N
V"l
['..
00"'
"'=t
C'l
N'"
\C
EA
N
N
0\
0\
.....t
C'f')
..q:
V"l
Ef7
.....t
oo::t
o
r:--- '"
00
1I1
.....t"'
V"l
Ef7
\C
\C
00
V"l"'
V"l
C'f')",
V"l
oo::t
EA
\0
00
00
0'\"'
t"--
t"--"'
r---
C"f)
&9
\0
\0
.....t
N"'
N
00
oo::t"'
C'f')
Ef7
t'
C'f')
o
N"'
V"l
t"--
0'\"'
M
EA
~
.5b
~
~
~
j
~]
o ;-I
~~
...... ~
- 0
~ ~
..... ..s
~ I
i ~
~ :
o ~
E-c
'$.
V"l
N
00
.....t
"$,
00
0'\
~
'$.
o
oo::t
d
C'l
'$.
oo::t
("I')
M
.....t
'$.
0'\
o
00
.....t
'$.
"'=t
o
d
M
'$.
V"l
('f)
~
N
'$.
~
00
00
N
'$.
'-n
.....t
r....:
N
'$.
o
M
~
C'f')
as
'0
Z
a)
i
€
~
a
~
[/)
CI:l
Q.)
CI:l
CI:l
e':S
~
"0
....-
~
o
d
~
(.)
~
~
o
l()
~
~
Q.)
(.)
~
~
"0
g
~
....-
is
"0
8
..g
bl)
· 1"""1
:g
~
b
S
bl)
bl)
~
~
....-
en
g
en
~
CJ
Q.)
'fi
~
f"'""'4
Q.)
(.)
~
~
Q.)
~
;-\
tf.)
~
"0
~
N
=
~
THIS PAGE INTENTIONALLY LEFT BLANK
103
CITY OF COLLEYVILLE, TEXAS
PLEDGED REVENUE COVERAGE
LAST TEN FISCAL YEARS
Water Revenue Bonds
Utility Less: Net
Fiscal Service Operating Available Debt Service
Year Charges Expenses Revenue Principal Interest Coverage
2000 $ 9,540,064 $ 5,698,694 $ 3,841,370 $ 541,000 $ 556,761 $ 2,743,609
2001 8,477,716 5,793,366 2,684,350 566,000 515,003 1,603,347
2002 8,407,033 5,909,848 2,497,185 597,000 485,984 1,414,201
2003 8,840,900 6,444,484 2,396,416 622,000 457,143 1,317,273
2004 8,924,942 6,117,278 2,807,664 680,000 406,306 1,721,358
2005 10,198,733 7,251,998 2,946,735 765,000 361,976 1,819,759
2006 13,136,476 8,067,565 5,068,911 795,000 329,451 3,944,460
2007 10,046,030 8,040,621 2,005,409 825,000 296,546 883,863
2008 11,452,268 9,670,881 1,781,387 700,000 265,658 815,729
2009 11,458,282 8,943,803 2,514,479 640,000 241,223 1,633,256
Notes:
Details regarding the City's outstanding debt can be found in the notes to the financial statements. Operating
expenses do not include interest, depreciation, or amortization expenses.
Sales tax increment bonds are backed by the sales tax revenue produced by the sales tax rate in effect when the
bonds were issued (1/2 percent) applied to the increase in retail sales in the Commons shopping area since that
time.
104
TABLE 14
Drainage Revenue Bonds Sales Tax Bonds
Drainage Drainage Net
Service Operations Available Debt Service Sales Tax Debt Service
Charges Expenses Revenue Principal Interest Coverage Increment Principal Interest Coverage
$ 448,990 $ 193,979 $ 255,011 $ 55,000 $ 79,581 $ 120,430 $ 849,426 $ 145,000 $ 344,759 $ 359,667
692,628 230,578 462,050 55,000 142,772 264,270 823,946 160,000 443,401 220,545
615,099 256,866 358,233 205,115 85,550 67,568 881,921 170,000 533,066 178,855
704,031 235,105 468,926 140,000 144,417 184,509 768,846 185,000 419,114 164,732
694,196 312,235 381,961 140,000 122,263 119,698 873,626 195,000 406,472 272,154
710,265 338,310 371,955 175,000 116,432 80,523 982,844 210,000 387,085 385,759
897,606 444,700 452,906 150,000 111,252 191,654 1,132,094 240,000 402,929 489,165
922,123 462,387 459,736 160,000 104,206 355,530 1,208,379 255,000 391,366 562,013
902,232 510,259 391,973 165,000 96,984 294,989 1,300,260 270,000 380,013 650,247
889,163 500,677 388,486 170,000 90,138 298,348 1,264,385 275,000 368,195 621,190
105
TABLE 15
CITY OF COLLEYVILLE, TEXAS
DEMOGRAPHIC AND ECONOMIC STATISTICS
LAST TEN FISCAL YEARS
Tarrant
Per Capita County
Calendar Personal Personal Unemployment
Year Population Income Income Rate
2000 19,200 $ 142,877 $ 47,467 3.6%
2001 19,500 147,258 48,923 4.5%
2002 19,850 151,638 50,378 6.1%
2003 20,150 157,414 52,297 6.3%
2004 20,500 161,095 53,520 5.6%
2005 21,000 165,008 54,820 5.1%
2006 21,700 167,009 55,485 4.5%
2007 22, 150 175,008 58,142 4.3%
2008 22,500 173,853 57,758 5.1%
2009 22,550 166,063 55,170 8.2%
Sources:
Population - North Central Texas Council of Governments, personal income - City of Colleyvil1e
Economic Development Department, Unemployment Rate - Texas Workforce Commission
(unemployment rate is not available solely for the City of Coli eyvill e)
106
TABLE 16
CITY OF COLLEYVILLE, TEXAS
PRINCIPAL EMPLOYERS
CURRENT YEAR AND NINE YEARS AGO
2009 2000
Percentage Percentage
of Tot a! City of Total City
Employer Employees Employment Employees Employment*
Lifetime Fitness 230 4.5% - %
Market Street 200 3.9% - %
City of Colleyville 199 3.9% 157 - %
Grapevine Colleyville ISD 150 2.9% 145 - %
Kroger - % 150 - %
Morgan Stanley 122 2.4% - %
Albertsons 110 2.1% 200 - %
LaHacienda Ranch 100 1.9% 100 - %
K -Mart - % 100 - %
DigiMedical Solutions 90 1.7% - %
Mac's Steak and Seafood 80 1.5% - %
TGW Insurance 75 1.5% - %
NEO Industries 60 1.2% - %
Payless Cashways - % 60 - %
Creme de la Creme 60 1.2% - %
Sonshine Academy 60 1.2% - %
RWA, Inc. 50 1.0% - %
Crown of Life Lutheran Church 50 1.0% - %
Rio Mambo 50 1.0% - %
Michael's Keys 50 1.0% - %
T ota! 1,736 33.6% 912 - %
Source: City Economic Development Division
*This information is unavailable.
107
r-...
""'"
~
~
rLJ.
~
~
~
~
~
~
~
o
u
~
o
~
~
u
VJ.
r-l
r-l
S
~
~
~
r-l
E-l
Z
~~ ~
~~ ~
~o >
o~ ~
~~ u
~o S
u E: z
~u r-l
ZZ ~
r-lS ~
~~ -<
~= ~
~
OJ
r-l
r-l
~
E-i
~
~
0'\
o
o
N
00
o
o
N
I:"'--
o
o
M
\0
o
o
N
o~
("I')
....
~
.B
~
rI.) V"l
tt-c 0
o 0
rn N
cd
CI.l
o
~
..2
!
;-I
~ oo::t
i g
'S N
$
8
.~
;;
~
("I')
o
o
N
N
o
o
N
.....t
o
o
M
o
o
o
N
s 8
~ ~.E
~o ~ia
..z:f ~ ~ 8
Q ~ ~ '8
~ ~ ~ ~
~::E~
"
oo::t\OC"")\O~
V"l\oC'f')\00
V"l\OC'f')lf)\O
\0 t"-- ("t) If) \I')
\OI:"'--Mlf)\I')
\Ot"--C'f')lf)oo::t
\Ot"--l()1.()("f)
\O\Ol()lf)oo::t
1:"'--\0 l(j If)oo::t
t"--\OV"llf)N
~ ~
.~ :.a ....
_ 0
~ .5 o:S
p::~o
CI.l
~ .~
8 ~ ~
.- 0 .u.....
'0
~
00 oo::t
C'f') .....t
~~
V"l C'f')
("I') .....t
M .....t
C'f') .....t
.....t 0
("I') .....t
C> 0
("I') .....t
o 0
("I') ..-4
o 0
C'f') .....t
o 0
("I') .....t
o 0
("t) .....t
~
~
o
1
~
.B CI.l
..cj ~
~~
e .r;
e~u
~
C'f')
("t)
V"l C'f') 0
.....t
("I')
C'f')
V"l C'f') 0
.....t
('t)
C'f')
V"l ("t) 0
.....t
V"l
C'fi
.....t
o
00
V"l
~
0'\ \0
N
V"l 0
;ti 00
V"l
~
0'\ \0
N
V"l V"l
M ~
.....t
0'\ \0
N
lr)
~
("I')
("I')
V"l C'f') 0 V"l \f') V"l 00 \0
.....t N vi ~ N
.....t
C'f')
C'f')
V"l C'f') 0 V"l V"l \f') V"l \0
.....t N vi ~ vi
.....t N
o
("I')
V"l C'f') 0 V"l V"l V"l V"l oo::t
.....t N vi ~ vi
.....t N
o
('f)
\0 C'f') 0 V"l V"l \f') V"l oo::t
..-4 N vi ~ C"4
.....t N
o
C'f')
\0 C'f') V"l V"l V"l V"l V"l
d N ~,...; M
.....t .....t N
o .......
C'f')
t"-- M V"l M V"l lf1 V"l
.....4.....t ~.....t C'f'l
.....t N
o
C'f')
t--. N V"l N V"l V"l tr'l
.....4.....t ~,...; M
.....t N
CI.l
~
~
~
.g .~
:a ~
~ .Et ~
~ OJJ-:S
-:S ~ 0
o
~
o
~
rI.)
d
o
'.z:f
ro
~
e
1
~
P-4
~ ~
8 ~
Q) ~
~ ~ {
~ ~ ~
~ u ~
Q)
~
~
V"l
.....;
0'\
.....t
V"l
d
0'\
.....t
V"l
vi
00
.....t
V"l
~
t'
.....t
o
C'fi
t"--
.....t
o
\Q
\0
.....t
o
vi
\0
.....t
V"l
00
V"l
.....t
~
.....t
\0
.....t
o
~
V"l
.....t
s
o
E-c
E
~
~
B
~
(,.)
Ul
. ......
"S
(j)
~
]-
(j)
"S
Q)
~
.e
~
Q.)
.~
~
~
~
~
(j)
......
~
(,.)
.~
CI:l
]
8
.~
~
00
.S
"C
~
(,.)
.s
"""-"
~
~
~
~
CIJ
j
o
00
o
N
~
o
....-
QO
o
-,...I
Q)
~
o
CI:l
(j)
(,.)
~
CI:l
~
~
s
~
.~
u
~o
~~
~E
CI:l CI:l
.~ ~
Q)~
~~
o 0
a~
~~
....-
(j) 0
~i
c.S .~
<;.0
Q.)
(,.)
~
r/)
(,j
Q.)
~
00
l'""'I
~
~
~
tJ
Vl ~
~ ~
~ 0 ~
~ ~
E-l
~ ~ ~
~ ~ ~
~ ~ S
~ 0 Z
o E-f r-l
U -< ~
U E-l
~ ~ Vl
o ~ j
~ ~
U ~
~
r-1
~
o
0'\
o
o
N
o .....t
O'\-.::t
\0
v)"'
00
o
o
N
.....t 00
C'f') 0
.....t .....t
00"'
t'
o
o
M
o .......
-.::t oo::t
.....t 0'\
00"'
\0
o
o
N
o 0'\
t"-- 0'\
NV"l
0'\"'
V"l
o
o
M
V"l oo::t
-.::t C'f')
NI:"'--
00"'
~
~
]
ii:
V"l .....t
.......0
M oo::t
t"--"'
-.:t
o
o
M
("I')
o
o
N
M.....t
C"f') .....t
.....t 0
V"l"'
N
o
o
N
V"l \0
("I') ("I')
.....t V"l
oo::t "'
.....t
o
o
M
\0 0'\
oo::t 00
M ("I')
t"-- "'
o
o
o
N
C'f') N
00 00
.....to'\
V"l"'
1
~
o
~
Q
~
~
"d
~
.a
~ ~
~ CI.l
.~ =
1 ~ ..8
is .~ i
~ P-4.~
~ gp gp
~:9:9
~ .s 's .s
o~~~
0'\ 0 0
o 00 V"l
00 -.:t V"l
('t)"' C"t"'
M .....t
oo::tM.....t
.....to'\M
V"l ("4 \0
vi tt)"'
.....t .....t
\0 0'\ 00
\ONC'f')
\0 \0 oo::t
t---"' N
.....t .....t
V"l \0 00
00 oo::t .....t
oo::t V"l N
0"' .....t"'
.....t .....t
oo::t 00 .....t
o \0 .....t
oo::t \0 C'f')
0"' t'"'
.....t
C'f') t"-- \0
oo::t 0 0
\0 oo::t 00
.....t"' ~
.....t
C"f') t--- \0
oo::t 0 0
\0 oo::t 00
.....t"' t'"'
.....t
o oo::t \0
o 00 C'f')
t' t"--.... \0
.....t 00"'
.....t
.....t C'f') N
0'\ 0 lI)
I:"'-- 0'\ .....t
vi 00"'
0'\ 0\ N
oo::t 00 -.::t
M \0 lI)
C'f')"' 0\"'
~ 8
CI.l .E
~ M
BtS
. fi1 CI.l
>.;;
a::u
t"-- C'f') \0
C'f') 0'\ 0'\
t"-- \0 t"--
0'\
C""i
.....t
t' I:"'--
.....t 0
\0 V"l
oo::t"'
.....t t' \0
00 \0 \0
\0 \0 \0
t.r'l
00
0'\ t---
V"l N
.....t \0
V"l "'
VI 0 C'f')
.....tC'f')O
I:"'-- \0 lI)
ON
\0 0'\
0'\ V"l
.;
V"l
~
\OO'\M
VI 00 .....t
\0 V"l C'f')
("I')
N I:"'--
o C'f')
\0 \0
00'\0
.....t 0 \0
V"l \0 V"l
C'f')
o 0
0'\ 00
\0 V"l
0'\ 0\ 0
N t() V"l
\0 lI) t"--
M
V"l -.:t
00 .....t
\0 \0
0\ 0'\ 0
N V"l V"l
\0 lI) t---
00 t---
\0 C'f')
\0 I:"'--
NV"lO
N-.:tV"l
\0 V"l M
.....t
V"l 0'\
t' \0
\0 \0
....... C'f') .....t
0'\ V"l V"l
VI V"l M
V"l 0
\0 M
\0 \0
\0 V"l 0
aNO
\0 V"l M
o \0
oo::t 00
\0 \0
0'\ 0\
V"l V"l
\0 -.:t"'
';00
\I') ('t)
M
00 -.:t
oo::tl:"'--
('t) \0",
0'" .....t
V"l .....t
M
.....t M
.....t .....t
M t'
\0"' t'"'
oo::t 0'\
.....t
00 t'
t"-- 00
C'f')... 0
("I') t'"'
oo::t t'
.....t
\0 0
V"l C'f')
\0 .....t
oo::t"' 0'\"'
C'f') C'f')
.....t
oo::t V"l
C'f') \0
C'f')", .....t
N M"'
N 0
.....t
t"-- ("I')
V"l C'f')
......."' 0'\
.....t t--....
N.....t
o
\0
0'\
00'"
C'f')
0'\
00
00"'
o
o
t"--",
00
.....t
\0
V"l
00"'
.....t
t'
("4
00"'
t'
\0
o
00"'
.....t
00
t'
1:"'--"'
C'f')
oo::t
\0
t---"'
o
0'\
oo::t
~
M
00
M
t"--"'
00
t"--
V"l
\0"'
0'\
.....t
\0
\0"'
("I')
N
.......
V"l"'
.....t
00
o
00'"
.....t
V"l
0'\
V"l'"
oo::t
\0
0\
oo::t"'
.....t
N
("I')
V"l'"
o
oo::t
("I')
oo::t"'
C'f')
~
lI)'"
\0
V"l
I:"'--
V"l....
~
CI.l ~ CI.l
.~ ~~
~ ~ 8
.~ ;::l ~
o ~'"3
~ e ~ ~
ii:
~ ~~ "d
..2 CI -e 0
.s .~ e .~ ~
CI.l ';; ~ .~.B ~_g l5
~ .~ ~ P-4 ;3 ~
~tf! ~"d Co> 8 0
CI.l M BQ1p CI E!
~ Q ~ e ~.s .;.e
.g1~1.~e'hs~
~~~rna~e~~
~0;f3(/)~<Ur9;>E-c
o ~ ~
~
"..:::Jr-....;::lr-....
~ ~ ..8 ~
~ ;; ~;;
8~~~
~~~~
~ ~ ~ ~ ~
M CJ) ~ '"0 ::s
~~~~~~
~8<'-"~'-'
~
oo::t
t'
\0
\0"'
.....t
V"l
.....t
C'f')
00"'
oo::t
\0
I:"'--
\0"'
.....t
00
M
.....t
00'"
00
\0
o
C'f') "'
.....t
\0
\0
0'\",
t---
M
C'f')
t'
\0"'
.....t
.....t
\0
t"--
t---"'
\0
M
.....t
\0"'
.....t
C'f')
\0
V"l
1:"'--"'
oo::t
o
M
C'f')"'
.....t
oo::t
0'\
N
1:"'--"'
C'f')
M
.....t
V"l'"
.....t
M
.....t
.....t
r-:-
-.::t
00
.....t
("4'"
.....t
M
t'
0'\
\0'"
("I')
V"l
I:"'--
oo::t"'
.....t
.....t
I:"'--
oo::t
~
o
00
V"l
V"l'"
.....t
M
0'\
-.:t
\0"'
I J
rn =
~u
0'\
=
,...(
CI:l
==
j
fir
"0
S
('f')
o
o
N
.S
i
S
~
~
~
:9
i-l
(j)
~
*
rn
6
~
Q.)
(,.)
~
CIJ:
e\
....-I
~
~
rJ:J.
~
~
~
~
~
~
~
o
u
~
o
~
I--l
U
~
o
~
~
o
jIIIIII(
~
u
z
~
>
==
Vl
U
jIIIIII(
~
rIJ
~
E
Vl
~
~
TJ:l
tfJ
-<
~
jIIIIII(
~
~
r-l
~
~
U
Vl
S
z
~
~
~
TJ:l
~
~
o
~
]
ii:
("I')
.....t
0'\
o
o
N
C'f')
.....t
00
o
o
N
o
.....t
I:"'--
o
o
N
.....t I:"'--
\0
o
o
N
.....tl:"'-- N
V"l
o
o
N
.....t I:"'-- N
00::1'
o
o
N
.....t\O N
C'f')
o
o
N
.....t \0 N
N
o
o
N
.....t \0 M
.....t
o
o
N
.....t\O N
o
o
o
N
~
~
o
'.z:f
~
$l 00
en.~ CI.l ~
~ p ~ ~
.~ .~.t1 .~.~
Roo~eoo~
~ ii: ~
("I')
N 00 M
.....t \0
C'f') .....t
.....t"'
("I')
NON
.....t .....t
("I') 0
.....t"'
N
.....t .....t N
.....t .....t
C'f') 0....
.....t
N
t"--OM
o 0'\
('t) 0'\
o 0 M
o \0
C'f') 00
V"l .....t N
0'\ V"l
NI:"'--
00 V"l N
00 "l:f'
N I:"'--
00::1' 0
\0 00::1'
MI:"'--
N t"--
00::1' N
Nt"--
NO
N N
NI:"'--
s:l
o
'.z:f
"00' CI.l ro
..2 7d ~
's ~ .~ e
'i'~Q]
o Q) 1E d
~.g~~
00 00 E-c ~
P-c
N\O 0'\ 00::1'
o ~
N
N \0 0'\ 00::1'
o .....t
N
g\OO'\:!;
N
o V"l 0'\ "l:f'
0'\ .....t
.....t
o V"l 0'\ 00::1'
0'\ .....t
.....t
V"l V"l 0'\ 00::1' .....t
00 .....t
.....t
V"l V"l 0'\ 00::1'
00 .....t
.....t
V"l V"l 0'\ <o::t
00 .....t
.....t
V"l V"l 0'\ 00::1'
00 .....t
.....t
V"l V"l 0'\ 00::1' ~
00 .....t
.....t
]
~
;.a ~
~ ~
~a~~
~ ~ 03 .S
Wf~~i~
j _ ro 0 0
~~p::jooU
0'\ 0 0
0'\ 00::1' 0
.....t ('t'l 0'\
~ 0'\"'
N.....t 0
0'\ t"-- 0
.....t M 0'\
.....t"' 00::1'"'
.....t 00::1' 0
0'\ V"l 0
.....t N 0'\
.....t"' 00::1'"'
\() \0 0
~ ~ ~
.....t"' 00::1'"'
('t'l 0'\ 0
t"-- 00::1' 0
.....t .....t 0'\
.....t"' 00::1'"'
o 00 0
~~~
.....t"' ~
N 0 0
V"l 00::1' 0
.....t 0'\ 0'\
00::1'"'
000
~ ~ ~
00::1'"'
000
\() 00 0
.....t 00 0'\
00::1'"'
t"--NO
00::1' t"-- 0
.....t 00 0'\
00::1'"'
'00'
'00' ~
..2 C';:l
.s ~ ~
'-' .0 0
a ~ ~ ~
.~ .a ~ ; ~
'-t.E'~~ ~
~ ~ .~ ~ ~ ~
~p~oo ~
\0 ('t)
\0 \0
.....t
00::1' 0'\
\0 lI)
.....t
("I') 0'\
\0 V"l
.....t
00::1' 00
V"l V"l
.....t
o t"--
V"l V"l
.....t
t"-- \0
00::1' V"l
.....t
C'f') V"l
C'f') V"l
.....t
o 00::1'
C'f) V"l
.....t
OM
C'f') V"l
.....t
o .....t
('t'l \()
.....t
'00'
~~
5]
~'-'
o ~
~ ~
B ~
.S e
Cd ..s
0000
CI:l
~
~
~
"0
.~
U
CI:l
g
~
g
.:g
~
~
1-1
:9
'1""""'1
~
d
I
~
~
b
5
bJJ
Q.)
.s
~
Q;)
~
~
~
(j)
~
<=
....-l
~
CI:l
~
~
(.)
~
.s
l)
CI:l
CI:l
C'\S
~
.~
~
(,,)
o
Z
Cl)
(,.)
~
CZl
Q.)
o
z