HomeMy WebLinkAboutComprehensive Annual Financial Report (CAFR)-Audit Records-9/30/2012CITY OF
COLLEYVILLE, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED SEPTEMBER 30, 2012
Prepared by
Finance Department
Terry Leake
Assistant City Manager/Chief Financial Officer
Karen Hines
Finance Manager
CITY OF COLLEYVILLE, TEXAS
TABLE OF CONTENTS
YEAR ENDED SEPTEMBER 30, 2012
INTRODUCTORY SECTION
Letterof Transmittal .........................................................................................................
OrganizationalChart .........................................................................................................
Certiiicateof Achievement ...............................................................................................
PrincipalOfficials .............................................................................................................
FINANCIAL SECTION
Independent Auditors' Report ...........................................................................................
Management's Discussion and Analysis ..........................................................................
Basic Financial Statements
Statement of Net Assets .................................................................................................
Statementof Activities ...................................................................................................
Balance Sheet — Governmental Funds ...........................................................................
Statement of Revenues, Expenditures and Changes in
Fund Balances — Governmental Funds .......................................................................
Reconciliation of the Statement of Revenues, Expenditures
and Changes in Fund Balance of Governmental Funds to the
Statementof Activities ................................................................................................
Statement of Revenues, Expenditures and Changes in
Fund Balances — Budget and Actual — General Fund .................................................
(continued)
Page
Number
3-6
.
�
13 — 14
17-24
26 — 27
28 — 29
30-31
32-33
34
35
CITY OF COLLEYVILLE, TEXAS
TABLE OF CONTENTS
(Continued)
YEAR ENDED SEPTEMBER 30, 2012
Page
Number
FINANCIAL SECTION (Continued)
Basic Financial Statements (Continued)
Statement of Net Assets — Proprietary Funds .................................................................. 36
Statement of Revenues, Expenses and Changes in
Fund Net Assets — Proprietary Funds ........................................................................... 37
Statement of Cash Flows — Proprietary Funds ................................................................. 38 — 39
Statement of Fiduciary Net Assets — Fiduciary Funds ..................................................... 40
Notes to the Financial Statements .................................................................................... 41 — 68
Required Supplementary Information
Schedule of Funding Progress for the Retirement Plan ................................................... 70
Nonmajor Governmental Funds
CombiningBalance Sheet ................................................................................................ 74 — 79
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances ............................................................................................ 80 — 85
Schedule of Revenues, Expenditures and Changes in
Fund Balance — Budget and Actual — Debt Service Fund ............................................ 86
Agency Funds
Combining Statement of Fiduciary Net Assets ................................................................ 88
Combining Statement of Changes in Assets and Liabilities ............................................ 89
(continued)
CITY OF COLLEYVILLE, TEXAS
TABLE OF CONTENTS
(Continued)
YEAR ENDED SEPTEMBER 30, 2012
STATISTICAL SECTION (Unaudited)
Net Assets by Component .......................................................................
Changes in Net Assets ............................................................................
Fund Balances — Governmental Funds ...................................................
Changes in Fund Balances — Governmental Funds ................................
Assessed Value and Estimated Actual Value
ofTaxable Property ..............................................................................
Direct and Overlapping Property Tax Rates ...........................................
Principal Property Taxpayers ..................................................................
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 ...................................................
PrincipalEmployers ................................................................................
Fulltime Equivalent City Government Employees by
Function/Program ................................................................................
Operating Indicators by Function/Program ............................................
Capital Asset Statistics by Function/Program .........................................
(continued)
Exhibit/Table
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Page
Number
92 — 93
94-97
99
100 — 101
102
103
104
105
106
107
108
109
111
112 — 113
114
115
116
117
118
CITY OF COLLEYVILLE, TEXAS
TABLE OF CONTENTS
(Continued)
YEAR ENDED SEPTEMBER 30, 2012
COMPLIANCE
Page
Number
Report on Internal Control Over Financial Reporting and on
Compliance and Other Matters Based on an Audit of
Financial Statements Performed in Accordance With ..................................................... 121— 122
INTRODUCTORY SECTION
THIS PAGE INTENTIONALLY LEFT BLANK
Integrity * Service * Innovation
February 5, 2013
To the Citizens of the City of Colleyville:
The Comprehensive Annual Financial Report of the City of Colleyville (the "City") for the fiscal year
ended September 30, 2012, 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 financial 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
beneiits 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 iinancial 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 ftnancial statements of the City of Colleyvi]]e for the fiscal year ended
September 30, 2012, 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 of Colleyville's financial statements
for fiscal year ended September 30, 2012, 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 financial 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 immediately following the independent auditors
report.
3
100 Main Street �r Colleyville, Texas 76034 -�r 817.503.1000 �t Calleyville.carn
PROFILE OF THE GOVERNMENT
On January 10, 1956, the City of Colleyville was incorporated and adopted a home-rule charter on
January I5, 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 committee
members, and hiring the City Manager. The City Manager is responsible for carrying out the policies
and ardinances 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 /community 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) Blended
Colleyville Crime Control and Prevention District Blended
Co]]eyville TaX Investment Financing Reinvestment Zone
Zone Number One (TIF) Discretely Presented
The City Charter of the City of Colleyville 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 budge�, 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 community 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 2012, as did
commercial development. During the fiscal year, the City issued 155 residential building permits and
the average square footage of a residence was almost five thousand square feet. Also, there was the
redevelopment of existing commercial properties and two corporate relocations during the fisca] year.
4
The Parks and Recreation Master Plan, which was adopted in November 2011, provides for the
construction of inter-connected trail segments throughout the City, with a major segment of the Cotton
Belt Trail which opened in April 2012 and provided connectivity to the western portion of the trail
which runs through the Cities of Hurst and North Richland Hills. Major transportation projects were the
initial phases of construction of Phase I of State Highway 26 / Colleyville Boulevard and the roundabout
at the Pleasant Run and John McCain Road intersection.
For the Future. In October 2012, the Colleyville joined with the bordering City of Keller to form the
first joint Municipal Court in the State of Texas under recently enacted legislation, which brings
financial savings to both cities. Major transportation projects will be the completion of Phase I of State
Highway 26 / Colleyville Boulevard and the roundabout at the Jackson Road and Cheek Sparger Road
intersection.
LONG-TERM FINANCIAL PLANNING
In Fiscal Year 2005, the City Council adopted a Fund Balance Policy requiring a ninety day reserve for
fund balance in both the General Fund and the Utility Fund. In Fiscal Year 2011, the policy was
updated to reflect the designations of non-spendable, restricted, committed, assigned and unassigned as
reguired by GASB 54. At the end of Fiscal Year 2012, both the General Fund and the Utility Fund have
a fund balance in excess of the required ninety day reserve. Amount in excess of the reserve may be
used to fund one-time capital expenditures.
As a part of the Fiscal Year 2008 budget process, the Mayor and Council and City Staff embarked upon
developing a multi-year streets capital improvements program. Additionally, the Council appointed a
citizen committee that reviewed street infrastructure needs and financing opportunities. Their
recommendations were incorporated into an infrastructure program that was approved by Council in
Fiscal Year 2008. Improvements included in the plan, which were completed during Fiscal Year 2012,
were the reconstruction of streets in the Shadowwood and Woodland Hills neighborhoods.
In Fiscal Year 2010, the City Council adopted a strategic plan, which incorporated strategic points to
achieve the City's vision. In August 2012, Council affirmed and slightly modified the strategic points to
the following:
• Make a long-term commitment to economic development and promote a more diversified tax
base
• Fostering excellence in core service delivery
• Protect and preserve Colleyville's neighborhoods
• Deliver sustainable government
• Brand Colleyville with a unique identity
In the area of sustainable government, a long-term Information Systems Management Strategic Plan was
adopted as was the Parks and Recreation Master Plan. There two plans identify annual improvements
over the next five years and accompanied by funding sources. In the Fiscal Year 2011 budget, a
transition was made to performance based budgeting, with links to specific performance indicators to
measure the efficiency and effectiveness of service delivery.
5
AWARDS AND ACKNOWLEDGEMENTS
Awards. The Government Finance Officers Association of the United States and Canada (GFOA)
awarded a Certificate of Achievement far Excellence in Financia] Reporting to the City of Colleyville
for its comprehensive annual financial report for the fiscal year ended September 30, 2011. This was the
twenty-second 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.
In addition, the City also received the GFOA's Distinguished Budget Presentation award for its annual
budget dated October 1, 2011. 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. We would like to express
our sincere appreciation to all employees who contributed to the preparation. Additionally, we 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
Assistant City Manager / Chief Financial Officer
Karen Hines
Finance Manager
6
CITY OF COLLEYVILLE
ORGANIZATIONAL CHART
PLANNING AND
LIBRARY ZONING
BOARD COMMISSION
PARKS AND
SIGN BOARD RECREATION
OFAPPEALS BOARD
CITY SECRETARY
COMMUNICATIONS
DIRECTOR
CITIZENS OF COLLEYVILLE
ZONING BOARD
OF
ADJUSTMENT
I
AD HOC
COMMITTEES
COMMUNITY
DEVELOPMENT gUILDING INSPECTION
DIRECTOR PLANNING
ECONOMIC
DEVELOPMENT MARKETING
DIRECTOR
FIRE CHIEF
POLICE CHIEF
OPERATIONS
INSPECTIONS
INVESTIGATIONS
EMERGENCY MANAGEMENT
PATROL
INVESTIGATIONS
ANIMAL CONTROL
CODE ENFORCEMENT
CITY
COUNCIL
CITY
MANAGER
ASSISTANT CITY
MANAGER/
CHIEF FINANCIAL
OFFICER
CRIME
CONTROLAND
PREVENTION
DISTRICT
CITY ATTORNEY
COLLEYVILLE
ECONOMIC
DEVELOPMENT
CORPORATION
�
TAX
INCREMENT
FINANCING
DISTRICT
MUNICIPAL
JUDGE
------------------------
STRATEGIC SERVICES
MANAGER
HUMAN RESOURCES
MANAGER
PUBLIC
WORKS UTILITY STREETS
DIRECTOR ADMINISTRATION DRAINAGE ENGINEERING
AND OPERATION FLEET MAINTENANCE
%
COLLEYVILLE CENTER
MANAGER
LIBRARY DIRECTOR
PARKS AND
RECREATION
DIRECTOR
INFORMATION
SERVICES MANAGER
�
GIS
FINANCE MANAGER
UTILITY BILLING
MUNICIPAL COURT
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, 2011
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 iinancial reporting.
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8
CITY OF COLLEYVILLE, TEXAS
HOME RULE, COUNCIL - MANAGER
FORM OF GOVERNMENT
CITY OFFICIALS
YEAR ENDED SEPTEMBER 30, 2012
David Kelly
Mayor
Carol Wollin
Councilmember, Place 1
Michael Muhm
Councilmember, Place 2
Stan Hall
Councilmember, Place 3
Jody Short
Councilmember, Place 4
Tom Hart
Mayor Pro Tem and
Councilmember, Place 5
Mike Taylor
Councilmember, Place 6
Jennifer Fadden
City Manager
Terry Leake
Assistant City Manager/Chief Financial Officer
Karen Hines
Finance Manager
9
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10
FINANCIAL SECTION
��
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12
�,=ll
PATTILLO, BROWN 8r HILL,r._L.��.
CERTIFIED PUBLIC ACCOUNTANTS ■ BUSINESS CONSULTANTS
INDEPENDENT AUDITORS' REPORT
To the Honarable 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, 2012, 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 financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in the United
States of America and the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States. 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, on a 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 materia] respects,
the respective 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, as of September 30, 2012, and the respective changes in financial position, and,
where applicable, cash flows thereof and the respective budgetary comparison for the General Fund far
the year then ended in conformity with accounting principles generally accepted in the United States of
America.
In accordance with Government Auditing Standa�ds, we have also issued our report dated January
25, 2013, on our consideration of the City's internal control over financial reporting and on our tests of its
compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters.
The purpose of that report is to describe the scope of our testing of internal control over financial reporting
and compliance and the results of that testing, and not to provide an opinion on internal control over
financial reporting or on compliance. That report is an integral part of an audit performed in accordance
with Government Auditing Standards and should be considered in assessing the results of our audit.
13
40 L WEST HIGHWAY 6� P. O. BOX 20725 � WACO, TX 76702-0725 �(254) 772-4901 ■ FAX: (254) 772-4920 � www.pbhcpa.com
AFFILIATE OFFICES: BROWNSVILLF, TX (956) 544-7778 � HILLSBORO, TX (254) 582-2583
TEMPLE, TX (254) 791-3460 � ALBUQUERQUE, NM (505) 266-5904
Accounting principles generally accepted in the United States of America require that the
management's discussion and analysis on pages 17 through 24 and the Schedule of Funding Progress for
the Texas Municipal Retirement on page 70 be presented to supplement the basic financial statements.
Such information, although not a part of the basic financial statements, is required by the Governmental
Accounting Standards Board, who considers it to be an essential part of financial reporting for placing
the basic financial statements in an appropriate operational, economic, or historical context. We have
applied certain limited procedures to the required supplementary information in accordance with
auditing standards generally accepted in the United States of America, which consisted of inquiries of
management about the methods of preparing the information and comparing the information for
consistency with management's responses to our inquiries, the basic financial statements, and other
knowledge we obtained during our audit of the basic financial statements. We do not express an opinion
or provide any assurance on the information because the limited procedures do not provide us with
sufficient evidence to express an opinion or provide any assurance.
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the City's financial statements as a whole. The introductory section, combining
and individual nonmajar fund financial statements and schedules, and statistical section are presented for
purposes of additional analysis and are not a required part of the financial statements. The combining
and individual nonmajor fund financial statements and schedules are the responsibility of management
and were derived from and relate directly to the underlying accounting and other records used to prepare
the financial statements. The information has been subjected to the auditing procedures applied in the
audit of the financial statements and certain additional procedures, including comparing and reconciling
such information directly to the underlying accounting and other records used to prepare the financial
statements or to the financial statements themselves, and other additional procedures in accordance with
auditing standards generally accepted in the United States of America. In our opinion, the information is
fairly stated in all material respects in relation to the financial statements as a whole. The introductory
and statistical sections have not been subjected to the auditing procedures applied in the audit of the
basic financial statements and, accordingly, we do not express an opinion or provide any assurance on
them.
` L. L.�
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January 25, 2013
14
MANAGEMENT' S
DISCUSSION AND ANALYSIS
is
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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, 2012. 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 HIGHLIGATS
• The assets of the City of Colleyville exceeded its ]iabilities as of September 30, 2012,
by $166,314,101 (net assets). Of this amount, $31,891,957 (unrestricted net assets)
may be used to meet the City's ongoing obligations to citizens and creditars in
accordance with the City's fund designation and fiscal policies.
• The City's total net assets increased by $4,872,818.
• As of the close of the current fiscal year, the City of Colleyville's governmental funds
reported combined ending fund balances of $32,751,471. Of this amount,
$11,762,625 is unassigned fund balance available for use within the City's fund
designation and fiscal policies.
• As of September 30, 2012, unreserved, unassigned fund balance for the General Fund
was $11,762,625 or 60.2% 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) government-
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 iinancial 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 ar 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 stateinents. 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 30 of this report, information is presented separately in the Governmen�al 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 fonn of combining statements elsewhere in
this report.
Proprietary Funds — The City maintains one type of proprietary fund. 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 — 68 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 74 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 $166,314,101 as of September 30,
2012.
The largest portion of the City's net assets ($121,607,696) 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.
CITY OF COLLEYVILLE'S NET ASSETS
Governmenta] Activities
2012 201]
Business-type Activities
2012 2011
Current and other assets $ ] 90,574 $ 30,839,307 $ -
Capital assets 102,809,761 ] 03,873,376 -
Total assets 103,000,335 134,712,683 -
Other liabilities 2,189,136 3,667,849 993,194
Long-term liabiliti�s 17,976,515 19,269,475 ( 993,194)
Totalliabilities 20,165,651
Net assets:
Invested in capital assets,
net ofrelateddebt 83,211,988
Restrieted 10,773,3 ] 5
Unrestricted 17,751,508
22,937,324
$ 12,450,135
43,974,948
56,425,083
2,561,102
4,198,057
6.759.159
83,166,142 - 38,892,098
10,771,624 - 662,050
17,837,593 49,665,925 10,111,776
Totals
2012 201]
$ 190,574 $ 43,289,442
102,809,761 147,848,324
103,000,335 191,137,766
3,182,330 6,228,951
16,983,321 23,467,532
20,165,651 29,696,483
83,211,988 122,058,240
10,773,315 11,433,674
67,417,433 27,949,369
Totalnetassets $ 111,736,811 $ 111,775,359 $ 49,665,925 $ 49,665,924 $ 161,402,736 $ 161,441,283
A portion of the City's net assets ($12,814,448) represents resources that are subject to external
restriction on how they may be used. The remaining balance ($31,891,957) 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, 2012, 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 of
$3,810,796 in net assets relating to governmental activities is primarily due to an increase in sales tax, an
increase in building permit revenues as well as reductions in General Fund expenditures. The increase
in net assets of business type activities is related to water sales occurring during the end of an almost
two year period of extreme drought conditions, which began at the start of the prior fiscal year.
19
Analysis of the City's Operations - The following table provides a summary of the City's operations
for the year ended September 30, 2012. Governmental activities increased the City of Colleyville's net
assets by $3,810,795, accounting far all of the total growth in net assets. Business-type activities
contributed an increase to the City's net assets of $1,062,022.
CITY OF COLLEYVILLE'S CHANGES IN NET ASSETS
Crovernmental Activities
2012 2011
Revenues:
Program revenues:
Charges for services $ 2,187,152 $ 3,821,848 $
Operating �-ants
andcontributions 397,243 822,056
Capital grants
and contributions 912,172 405,347
General revenues:
Advalorem taxes 32,095,381 12,414,948
Sales taxes 46,932,217 5,056,597
Franchisetaxes 6,355,695 2,031,268
Other taxes - 80,731
Investment earnings 286,293 95,822
Miscellaneous 170,318 55,454
Gain on sale of
capital assets - -
Total revenues 89,336,471 24,784,071
Expenses:
Gencralgovernment 368,641 2,715,]54
Cmnmunity development
andengineering - 1,402,669
Fire and rescue 449,102 4,421,496
Leisure services 1,091,058 4,191,960
Maintenance 5,029 412,512
Municipal court - 303,839
Police 250,191 4,878,055
Streetsanddrainage 1,682,988 3,657,591
Water andwastewater - -
Drainage - -
Interest on
]ong-term debt 22,435 849,390
Total expenses 3,869,444 22,832,666
Increasesin net assets
Business-type Activities
2012 2011
1
1
Totals
2012 2011
$ 15,258,507 $ 2,187,152 $ 19,080,355
- 397,243 822,056
168,365 912,172 573,712
- 32,095,381 12,414,948
- 46,932,217 5,056,597
- 6,355,695 2,031,268
- - 80,731
38,674 286,294 134,496
- 170,318 55,454
15,465,546 89,336,472
l 2,009,187
742, I 60
12,751,347
368,641
449,102
],091,058
5,029
250,191
1,682,988
22,435
3,869,444
40,249,617
2,715,154
1,402,669
4,421,496
4,191,960
412,512
303,839
4,878,055
3,657,591
12,009,187
742,160
849,390
35,584,013
before transfers 85,467,027 1,951,405 1 2,714,199 85,467,028 4,665,604
Transfers ( 2,811,716) 858,879 - ( 858,879) ( 2,8ll,716) -
Change in net assets 82,655,311 2,810,284 1 1,855,320 82,655,312 4,665,604
Net assets, beginning 111,775,359 108,965,075 49,665,924 47,810,604 161,441,283 156,775,679
Net assets, ending $ 194,430,670 $] 11,775,359 $ 49,665,925 $ 49,665,924 $ 244,096,595 $ 161,441,283
2�
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 of a government's net resources available for spending at the end of the fiscal year.
At the end of the current iiscal year, the City of Colleyville's governmental funds reported combined
ending fund balances of $32,751,471. Approximately 36% of this total amount ($11,762,625)
constitutes unassigned fund balance. The remainder of the fund balance ($20,988,846) 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's original budgeted revenues exceeded expenditures by $15,573. While
there was a budget adjustment in Fiscal Year 2012, the expense was offset by additional revenues; the
final budgeted decrease in fund balance was $984,427. The actual increase to fund balance for the
General Fund was $1,776,504 for fiscal year 2012, primarily due to greater than anticipated revenues
from sales taxes, franchise taxes, building permits and reductions to overall departmental expenditures.
Proprietary funds — The City's proprietary fund statements beginning on page 36 of this report provide
the same type of 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
($11,042,613), and Drainage Utility ($1,289,625). The Water and Wastewater fund experienced an
increase in total net assets of $865,334 during Fiscal Year 2012 due to increased water sales caused by
the extreme drought and summer weather conditions. The Drainage Utility fund's net assets increased
by $196,688, due to increased service charge revenue and reductions to expenditures.
Governmental Activities — There was a slight decrease in revenues comes from the Charges for
Services category, primarily due to the City receiving a one-time signing bonus of over $.7 million for a
gas lease on City-owned property in FY 2011 which did not recur in FY 2012. Revenue increases came
primarily from an increase in both license and permit revenues due to an increase in the issuance of
residential building permits and an increase in sales tax collections due to improving economic
conditions. The property tax base decreased approximately $2.5 million, due to the revaluation of
property, however the current year tax collection rate was over 99.37% of the levy.
There was a two percent one-time lump sum salary payment to employees included in the Fiscal Year
2012 budget, funded primarily from the cost decrease in health insurance premiums. Additionally, there
was the addition of one police officer and two firefighters and the elimination of a building clerk
position. The City's computer and communications infrastructure were upgraded by the city-wide
replacement of the phone system and the centralized virtual environment in a computer data center. The
General Fund continued funding in the amount of $1 million in the Street department for the street
overlay budget, which will overlay approximately five miles of city streets.
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 $14,034,600 for
the fiscal year. Water sales decreased due to the extreme drought and record setting days in excess of
100 degrees in the summer of 2011, which occurred in FY 2011. A slight offset to the decrease in
21
revenue due to lower usage is from a rate increase in December 2011, which passed through a rate
increase from the Trinity River Authority, the City's provider of treated water. Wastewater sales
increased primarily due to higher residential usage during the winter usage period, which sets residential
wastewater charges due to the frequency of irrigation that occurs during the summer months and the
pass through of the rate increase from Trinity River Authority, who also treats the City's was�ewater.
The coverage ratio for debt for this fund was 3.40 for the iiscal year, exclusive of transfers. 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 rate increase relates to higher cost
for electricity, debt issuance for plant expansion and rehabilitation of aging infrastructure, 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 Ciry Council. Overall, these changes resulted in an increase from the original budget of
$1,100,000. The budget amendment was for the funding in the amount of $200,000 for an update to the
Master Plan, $300,000 to fund City facility maintenance and repairs, and $600,000 for a transfer to
capital projects for the funding of future street rehabilitation projects. Also, included in the budget
amendment was the transfer of unspent street resurfacing appropriations to the Capital Projects fund for
future street projects. The increases to the original budget were offset by the receipt of higher than
anticipated sales tax and permit revenues.
The General Fund's overall budgeted revenue increased by $582,492. Major increases were in property
taxes due to the declining allocation of the rate to repayment of debt and an increase in sales tax revenue
due to improving economic conditions. Also, revenue increases were derived from the increase in the
transfer from the Utility Fund for the administrative and franchise that is based upon prior year's
operating revenues due to the extreme drought condition in Fiscal Year 2011.
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 2011.
CAPITAL ASSETS
The City of Colleyville's investment in capital assets for its governmental and business-type activities as
of September 30, 2012, amounts to $145,340,034 (net of accumulated depreciation). This investment in
capital assets includes ]and, 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 $.7 million in park improvements with the completion of
the Phase II of the Cotton Belt Trail;
• Capitalized approximately $.25 million in street improvements and contributions;
and
Capitalized approximately $.6 million in water and wastewater system projects and
contributions including the new water lines on State Highway 26 and the renewal of
waterlines in the Shadowwood and Woodland Hills neighborhood.
22
CITY OF COLLEYVILLE'S CAPITAL ASSETS AT YEAR-END
Land
Buildings and improvements
Equipment
In Yrastructure/water
distribution sewer collection
Construction in progress
I,ess: accumulated
depreciafion
Total capital assets
Governmental Activities Business-type Activities
2012 2011 2012 2011
$ 9,293,654 � 9,293,654 $ 313,057 $ 373,057 $
45,603,909 44,880,314 53,922 53,922
10,225,015 9,390,361 1,509,282 1,595,39a
77,797,69a 76,959,884 69,054,295 68,a57,511
1,741,624 1,178,455 512,948 718,330
Totals
2012 2011
9,606,71 ] $ 9,606,7] 1
45,657,831 44,934,236
11,734,297 10,985,755
7 46,251,989 145,a17,395
2,254,572 1,896,785
( 41,252,135) ( 37,829,292) ( 28,913,231) ( 27,163,266) ( 70,165,366) ( 64,992,558)
$ 102,809,761 � 103,873,376 $ 42,530,273 $ 43,974,948 $ 145,340,034 $ 147,848,324
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 $23,833,852. Of this amount, $9,975,000 represents bonded debt backed by
the full faith and credit of the government, $7,954,732 represents bonds secured by sales tax revenues,
$2,850,000 represents bonds secured solely by water and sewer revenues, and $1,345,000 represents
bonds secured solely by drainage utility system revenues. The City's capitalized lease obligations of
$1,709,120 pertain to the prior year lease purchase of a fire pumper truck and mid-mount aerial platform
iire apparatus. In FY 2012, there was an additional lease purchase, in the amount of $894,53�, entered
into for the upgrade of the City's trunked radio system tower and equipment to the federally mandated
digital public safety communications system standard.
OUTSTANDING DEBT AT YEAR-END
BONDS, NOTES AND CAPITALIZED LEASE OBLIGATIONS PAYABLE
Govemmental Activities Business-type Activities Totals
2012 2011 2012 2011 2012 2011
General obligation bonds
and certificates of
obligation
Sales tax revenue bonds
Revenue bonds payable
Capitalized lease
obligations
$ 9,975,000 $ ll,510,000
7,954,732 8,271,278
1,709,120 972,170
$ - $ -
4,195,000 5,150,000
$ 9,975,000 $ 11,510,000
7,954,732 8,271,278
4,195,000 5,150,000
L,709,120 972,170
$ 19,638,852 $ 20,753,448 $ 4,195,000 $ 5,150,000 $ 23,833,852 $ 25,903,448
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.
23
Standard
Fitch ICBA & Poor's
General Obligation Bonds AAA AAA
Water Revenue Bonds AAA AA+
During Fiscal Year 2012, the City retained its existing bond ratings during the biannual ratings
surveillance process conducted by the rating agencies. Most of the City's Bonds are insured, thus
holding a AAA credit rating from both Fitch Ratings and Standard & Poor's. Additional infonnation on
the City of Colleyville's long term-debt can be found in footnote 4 on pages 58 — 63 of this report.
ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS AND RATES
The General Fund budget including transfers in for Fiscal Year 2013 is based on a projected revenue
increase of 10.7% as compared to the Fiscal Year 2012 budget. There is a 3.6% increase projected in
General Fund property tax revenue, due to a declining portion of the tax rate committed to debt service
repayment increasing the amount allocated to the General Fund. This is the largest revenue source and
comprises 57% of General Fund revenues. The total tax rate for Fiscal Year 2013 is $.3559, which is
unchanged since Fiscal Year 2008. Approximately 14% of General Fund revenues are sales taxes,
budgeted at a 3.8% increase over the Fiscal Year 2012 budget, due to improving economic conditions.
Another revenue increase ($130,391) is in the area of licenses and permits due to the increase in
residential building permit issuance. There is a utilization of $1,000,000 surplus fund balance in the
adopted Fiscal Year 2013 General Fund budget for the over $1.4 million increase in the street
rehabilitation budget. Additionally, there is a utilization of $450,000 of fund balance in the adopted
Fiscal Year 2013 Debt Service budget for the first year lease payment on the radio tower and equipment
due to the current level of existing fund balance.
There is a$1,280 one-time lump sum salary payment to employees included in the Fiscal Year 2013
budget, funded in part from the cost decrease in health insurance premiums. Additionally, there was the
addition of one police officer, two positions in the Municipal Court due to the regionalization of
Municipal Court with the bordering City of Keller, addition of a Systems Administrator in the
Information Systems Management Department. The level of funding for street maintenance and
rehabilitation was increased from $1 million to over $2.4 million to address needs on the City's streets.
Slight revenue growth in the Water and Wastewater Fund will come from additional residential and
commercial customers. There was an in-house water and wastewater rate study update completed in
Fiscal Year 2012 that reviewed tiered rate options for increasing cost for increased usage by tier and
incorporated passing through projected Trinity River Authority (TRA) rate increases to maintain the
financial stability of the Water and Wastewater Fund in future years. In September 2012, City Council
adopted the tiered water rates to encourage conservation, and those rates became effective December 1,
2012.
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
Zs
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF NET ASSETS
SEPTEMBER 30, 2012
ASSETS
Cash and equivalents
Investments
Receivables (net of allowances for uncollectibles of $341,247)
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
LIABILITIES
Accounts payable
Accrued liabi]ities
Unearned revenues
Accrued interest payable
Advances from developers
Escrow funds
Customer deposits
Noncurrent liabilities:
Due within one year
Due in more than one year
Total liabilities
NET ASSETS
Invested in capital assets, net of related debt
Restricted:
Debt service
Court security and technology
Grant programs
Leisure services
Econoinic development
Streets and drainage
Police
Unrestricted
Governmental
Activities
$ 17,759,089
14,961,647
64,481
228,806
1,012,815
131,043
1,621
190,574
19,517
9,293,654
45,603,909
] 0,225,015
77,197,694
],741,624
( 47,252,135�
102,809,761
] 37,179,354
531,405
350,656
976
119,060
193,105
68,147
2,353,335
17,976,515
21,593,199
83,211,988
1,159,092
91,637
21,116
207,736
1,998,845
8,192,568
1,143,454
19,559,719
Business-type
Activities
$ 7,531,008
3,879,079
2,397,933
108,778
137,618
4,594
313,057
53,922
1,509,282
69,054,295
512,948
( 28,913,231)
42,530,273
56,589,283
1,021,891
53,531
25,798
73,396
26,613
434,574
993,194
3,232,340
5,861,337
38,395,708
12,332,238
Total net assets $ 115,586,155 $ 50,727,946
The accompanying notes are an integral part of these financial statements.
26
$
Total
25,290,097
18,840,726
2,462,414
228,806
1,012,815
131,043
108,778
139,239
190,574
24,111
9,606,711
45,657,831
11,734,297
146,251,989
2,254,572
( 70,165,366)
145,340,034
193,768,637
1,553,296
404,187
976
144,858
266,501
26,613
502,721
3,346,529
21,208,855
27,454,536
121,607,696
1,159,092
91,637
21,116
207,736
1,998,845
8,192,568
1,143,454
31.891.957
$ 166,314,101
Component Units
$ 14,289,331
888,750
83,767
1,137
1,800,940
4,551,672
� ]44,075)
6,208,537
21,471,522
112,940
18,131
540,000
4,335,260
5,006,331
1,333,277
15,131,914
$ 16,465,19 ]
2%
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED SEPTEMBER 30, 2012
Program Revenue
Operating Grants Capita] Grants and
Functions/Programs Expenses Cl�arges for Services and Contributions Contributions
Primary government
Governmental activities:
General government $ 3,125,214 $ 28,408
Community development 1,397,839 1,146,518
Fire and rescue 4,321,929 335,307
Leisure services 4,124,619 520,433
Maintenance 400,306 -
Municipal court 319,445 1,015,804
Police 4,579,570 81,056
Streets and drainage 3,073,530 338,845
Interest on long-term debt 780,029 -
Total governmental activities 22,122,480 3,466,371
Business-type activities:
Water and wastewater 12,258,587 14,034,600
Drainage 723,994 9] 8,323
Total business-type activities 12,982,581 14,952,923
Total primary government
Component unit
Tax increment financing
Total component unit
$ 35,105,061 $ 18,419,294
$ 236,992 $ -
$ 236,992 $ -
General revenues:
Taxes:
Property taxes, levied far general purposes
Property taxes, levied for debt service
TIF taxes
Sales taxes
Franchisetaxes
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
$ 2,263
10,562
375,402
98,642
3,200
490,069
$ 490,069
$ -
$ -
The accompanying notes are an integral part of these financial statements.
28
$ -
16,668
364,640
381,308
169,464
169,464
$ 550,772
$ -
$ -
Net (Expense) Revenue and Changes in Net Assets
Primary Government
Governmental Business-type
Activities Activities Total Component Units
$( 3,094,543) $
( 251,321�
( 3,976,060)
( 3,212,] 16�
( 400,306)
696,359
( 4,399,872)
( 2,366,845)
( 780,029)
� 17,784,73�
( 17,784,732)
10,766,534
],647,923
5,495,730
2,207,463
65,808
108,192
74,041
147,969
1,081,868
21,595,528
3,8] 0,796
111,775,359
$ 115,586,155
1,945,477
] 94,329
2,139,806
2,139,806
4,084
( 1,081,868)
( 1,077,784)
1,062,022
49,665,924
$ 50,727,946
$( 3,094,543)
( 251,321)
( 3,976,060)
( 3,212,L1�
( 400,306)
696,359
( 4,399,872)
� 2,366,845)
( 980,029)
( 17,78�732)
1,945,477
194,329
2, I 39,806
( 15,644,926)
10,766,534
1,647,923
5,495,730
2,207,463
65,808
112,276
74,041
147,969
20,517,744
4,872,8] 8
161,441,283
$ 166,314,101
29
$ -
( 236,992)
( 236,992)
4,310,889
27,837
4,338,726
4, l 01,734
12,363,457
$ 16,465,191
CITY OF COLLEYVILLE, TEXAS
BALANCESHEET
GOVERNMENTAL FUNDS
SEPTEMBER 30, 2012
General Capital Projects
ASSETS
Cash and cash equivalents $ 4,534,467 $ 5,764,203 $
]nvestments 8,420,044 2,578,466
Receivables (net of allowances for uncollectibles)
Accounts 64,481 -
Taxes 190,066 -
Due from other governments 520,63A 10,791
Inventories ],621 -
Accrued interest 9,509 4,406
Prepaid items 13],043 - _
Debt Service
1,238,856
38,740
556
Total assets $ 13,871,A69 $ 8,357,866 $ 1,278,152
LIABILITIES AND FUND BALANCES
Liabilities:
Accountspayable $ 460,896 $ 33,128 $ -
Accrued liabilities 341,295 - -
Deferred revenue 245,495 - 38,740
Advances from developers 47,2] 1 132,170 -
Customer deposits 68,147 - -
Total liabilities l,] 63,044 l 65,298 38,740
Fund balances:
Non-spendable:
lnventories 1,621 -
Prepaid items 131,043 -
Resh-icted:
Streets and drainage - 8,192,568
Debt service - -
Court security and technology - -
Grant programs - -
Leisure services - -
Economic development - -
Police - -
Committed:
Strategic incentives 295,198 -
Sales ta�c incentives 518,338 -
Leisure services - -
Capital projects - -
Assigned:
1,239,412
Cap�tal pro�ects - - -
Recycling - - -
Leisure services - - -
Unassigned 11,762,625 - -
Total fund balances 12,708,825 8, L92,568 1,239,412
Total liabilities and fund balances $ 13,871,869 $ 8,357,866 $ 1,278,152
Amounts reported for governmental activities in the statement of net assets are different because:
Capital assets used in governmental activities are not financia] 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 re�orted in the funds.
Net assets of governmental activities
The accompanying notes are an integral part of these financial statements.
30
Other
Govemmental
$ 6,221,563
3,963,137
480,830
5,602
$ 10,671,132
$ 37,381
9,361
13,724
60,466
91,637
21,116
207,736
1,998,845
1,143,454
845,670
5,347,390
944,957
1,730
8,131
10,610,666
$ 10,671,132
Tota]
Governmental
Funds
$ 17,759,089
] 4,961,647
64,481
228,806
1,012,815
1,621
19,517
131,043
$ 34,179,019
$ 531,405
350,656
284,235
193,] OS
68,147
1,427,548
1,62]
131,043
8,192,568
1,239,412
91,637
21,ll6
207,736
1,998,845
] ,143,454
295,198
518,338
845,670
5,347,390
944,957
1,730
8,131
] 1,762,625
32,751,471
102,809,761
473,833
( 20,448,910)
$ 115,SA6,155
31
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2012
REVENUES
Taxes
Fees and fines
Licenses and permits
Intergovernmental
Charges for services
Capital improvement fees
Donations
Investment earnings
Miscellaneous
Total revenues
EXPENDITURES
Current
General government
Community development and engineering
Fire and rescue
Leisure services
Maintenance
Municipal cowt
Police
Streets and drainage
Debt service:
Principal
Interest and other charges
Capitat outlay
Total expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Capital lease
Sale of capital assets
Transfers in
Transfers out
Total other financing sources and uses
NET CHANGE IN FUND BALANCES
FUND BALANCES, BEGINNING
FUND BALANCES, ENDING
General
$ 15,942,603
990,507
1,113,123
1,030,439
61,626
67,703
19,206,001
2,460,764
1,253,068
3,873,140
2,640,392
394,830
249,787
3,839,766
1,150,488
1,567,281
17,429,516
1,776,485
894,534
147,969
1,081,868
( 2,124,352)
19
1,776,504
10,932,321
$ 12,708,825
Capital Projects
$ -
116,159
322,498
13,956
452,613
6,847
238,482
286,174
531,503
� �8,890)
1,843,352
1,843,352
1,764,462
6,428,106
$ 8,192,568
The accompanying notes are an integral part of these financial statements.
32
Debt Service
$ 1,654,744
2,803
6,338
1,663,885
1,692,585
426,006
2,118,591
( 454,706)
505,2ll
505,217
50,505
1,188,907
$ 1,239,412
Other
Governmental
$ 2,637,665
61,392
17,303
7, 897
406,789
32,165
15,000
3,178,21 1
292,693
143,191
15,085
409,516
69,297
458,097
315,000
331,588
661,660
2,696,127
482,084
463,153
( 687,364)
( 224,211)
257,873
10,352,793
Total
Governmental
Funds
$ 20,235,012
1,051,899
1,130,426
124,056
1,030,439
322,498
406,789
110,550
89,041
24,500,710
2,753,457
1,396,259
3,888,225
3,049,908
394,830
319,084
4,304,710
1,388,970
2,007,585
757,594
2,S15,ll5
22,775,737
1,724,973
894,534
147,969
3,893,584
( 2,811,716)
2,124,371
3,849,344
28,902,127
$ 10,610,666 $ 32,751,471
33
CITY OF COLLEYVILLE, TEXAS
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF ACTNITIES
FOR THE YEAR ENDED SEPTEMBER 30, 2012
Amounts reported for governmental activities in the StatemenY of Activities (pages 28
- 29) 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 financial statements.
34
$ 3,849,344
( 1,323,570)
259,955
( 45,752)
1,109,461
( 38,642)
$ 3,810,796
CITY OF COLLEYVILLE, TEXAS
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2012
REVENUES
Taxes
License and permits
Fines and forfeitures
Charges for services
Investment earnings
Other
Total revenues
EXPENDITURES
Current:
General government
Community development and engineering
Fire and rescue
Leisure services
Maintenance
Municipal court
Police
Streets and drainage
Capital outlay
Total expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Sale of capital assets
Capital lease
Total other financing sources and uses
NET CHANGE IN FUND BALANCE
FUND BALANCE, BEGINNING
Budgeted Amounts
Original Final
$ 15,132,335
595,567
890,124
871,413
35,001
45,300
17,569,740
2,621,780
1,284,190
3,894,755
2,808,744
432,361
252,014
4,199,748
2,113,942
422,962
18,030,496
$ 15,132,335
595,567
890,124
871,413
35,001
45,300
17,569,740
2,621,780
1,284,190
3,894,755
2,808,744
432,361
252,014
4,199,748
2,113,942
422,962
18,030,496
Actual
Amounts
$ 15,942,603
1,113,123
990,507
1,030,439
61,626
67,703
19,206,001
2,460,764
1,253,068
3,873,140
2,640,392
394,830
249,787
3,839,766
1,150,488
1,567,281
17,429,516
Variance with
Final Budget -
Positive
(Negativc)
$ 810,268
517,556
100,3 83
159,026
26,625
22,403
1,636,261
161,016
31,122
21,615
168,352
37,531
2,227
359,982
963,454
( 1,144,319)
600,980
( 460,756) ( 460,756) 1,776,485 2,237,241
901,829 901,829 1,081,868 180,039
( 541,000) ( 1,541,000) ( 2,124,352) ( 583,352)
3,000 3,000 147,969 144,969
- - 894,534 894,534
363,829 ( 636,171) 19 636,190
� 96,92�� � 1,o96,9z�� 1,��6,so4
10,932,321 10,932,321 10,932,321
2,873,431
FUND BALANCE, ENDING $ 10,835,394 $ 9,835,394 $ 12,708,825 $ 2,873,431
The notes to the financial statements are an integral part of this statement.
35
ASSETS
Current assets:
Cash and cash equivalents
Investments
Accounts receivable, net of allowances
Other assets
Inventories
Total current assets
Non-current assets:
Accrued interest receivable
Capital assets:
Land and improvements
Buildings
Utility system
Equipment and furniture
Construction in progress
Less accumulated depreciation
Total non-current assets
To�� assets
LIABILITIES
Current liabilities:
Accounts payable
Accrued liabilities
Accrued interest payable
Advances from developers
Gscrow funds
Customer deposits
Compensated absences
Revenue bonds payable
Total cu�rent liabilities
Non-current liabilities:
Compensated absences
Revenue bonds payable
Total non-current liabilities
Total liabilities
NET ASSETS
Invested in capital assets, net of related debt
Restricted for debt service
Unrestricted
Total net assets
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF NET ASSETS
PROPRIETARY FUNDS
SEPTEMBER 30, 2012
Enterprise Funds
Water and
Wastewater Drainage Utility Total
$ 6,453,846
3,759,265
2,289,496
84,327
137,618
12,724,552
4,495
313,057
53,922
64,925,931
1,043,707
471,456
( 29,�81,140)
39,031,428
si,�ss,9xo
1,015,816
44,637
18,019
73,396
26,6 ] 3
434,574
14,676
765,000
2,392,731
58,703
2,031,O12
2,089,715
4,482,446
36,230,92 ]
11,042,613
$ 47,273,534
$ ],077,162
119,814
108,437
24,451
1,329,864
99
4,128,364
465,575
41,492
( 1,132,091)
3,503,439
4,833,303
6,075
8,894
7,779
3,S l8
2 ] 0,000
236,266
14,072
1,128,553
1,142,625
],378,891
2,164,787
1,289,625
$ 3,454,412
The accompanying notes are an integral part of these financial statements.
36
$ 7,531,008
3,879,079
2,397,933
108,778
137,618
14,054,416
4,594
313,057
53,922
69,054,295
1,509,282
512,948
( 28,913,231)
42,534,867
56,589,283
1,021,891
53,531
25,798
73,396
26,613
434,574
18,194
975,000
2,628,997
72,775
3,159,565
3,232,340
5,861,337
38,395,708
12,332,238
$ 50,727,946
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN FUND NET ASSETS
PROPRIETARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2012
OPERATING REVENUES
Metered watier salEs
Wastewater service charges
Drainagc service charges
Other charges and services
Miscellaneous
Total operating revenues
OPERATING EXPENSES
Personnel serviccs
Maintenance and contractual services
Materials and supplies
Depreciation and amortization
Total operating expenses
OPERATING INCOME
NON-OPERATING REVENUES (EXPENSES)
Interest and investment revenues
Interest expense and fiscal charges
Loss on disposal of property
Total non-operating revenues (expenses)
INCOME BEFORE CONTRIBUTIONS
AND TRANSFERS
Capital contributions
Transfers out
CHANGE IN NET ASSETS
TOTAL NET ASSETS, BEGINNING
TOTAL NET ASSETS, ENDING
Enterpnse Funds
Water and
Wastewater Drainage Utility Total
$ 10,150,129
2,965,143
865,763
53,565
14,034,600
1,577,921
8,625,914
19l ,682
1,734,865
12,130,382
1,904,218
1,725
( 77,947)
� 50,258�
( 126,480)
1,777,738
169,464
( 1,081,868)
865,334
46,408,200
$ 47,273,534
$ -
904,574
13,749
918,323
386,186
112,162
33,357
128,750
660,455
257,868
2,359
� 51,244)
� 12,295)
( 61,180)
196,688
196,688
3,257,724
$ 3,454,412
The accompanying notes are an integral part of these financial statements.
37
$ 10,150,129
2,965,143
904,574
879,512
53,565
14,952,923
1,964,107
8,738,076
225,039
1,863,615
12,790,837
2,162,086
4,084
( 129,19 L)
( 62,553)
( 187,660)
1,974,426
169,464
( 1,081,868)
1,062,022
49,665,924
$ 50,727,946
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF CASH FLOWS
PROPRiETARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers
Cash paid to suppliers far goods and services
Cash paid to employees for services
Net cash provided by operating activities
CASH FLOWS FROM NONCAPITAL
FINANCiNG ACTIVITiES
Transfers out
Net cash used for noncapital
financing activities
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Acquisition of capital assets
Principal paid on debt
Interest paid on debt
Net cash used for capital and
related financing activities
CASH FLOWS FROM INVESTING ACTIVITIES
(Purchase) sale of investments
Earnings on investments
Net cash provided (used) by investing activities
NET INCREASE IN CASH
AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS, BEGINNING
CASH AND CASH EQUIVALENTS, ENDING
Enterprise Funds
Water and Drainage
Wastewater Utility Totals
$ 14,241,059 $ 917,635 $ 15,158,694
� s,sao,idl� � i4o,316� � s,96o,4��>
( 1,570,936) ( 386,148) ( 1,957,084)
3,849,962 391,171 4,241,133
( 1,081,868)
( 1,081,868)
( 2�0,752�
( 750,000)
( 77,947)
( 1,098,699)
( ]01,485)
1,725
( 99,760�
1,569,635
4,884,211
$ 6,453,846
(continued)
38
( 205,000)
( S1,244)
( 256,244)
( 256)
2,359
2,103
137,030
940, l 32
$ 1,077,162
( 1,08],868)
( 1,081,868)
( 270,752)
( 955,000)
( 129,19] )
( 1,354,943)
( 101,741)
4,084
( 97,657)
1,706,665
5,824,343
$ 7,531,008
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
(Continued)
FOR THE YEAR ENDED SEPTEMBER 30, 2012
Reconciliation of operaring income (loss) to net cash
provided (used) by operating activities:
Operating income
Adjustments to reconcile operating income (loss)
to net cash provided by (used for) operating activities:
Depreciation and amortization expense
Changes in assets and liabilities:
Decrease (increase) in assets:
Accounts receivable
Inventory
Accrued interest receivable
Other assets
Inarease (decrease) in liabilities:
Accounts payable
Accrued liabilities
Compensated absences payable
Customer deposits
Accrued interest payable
Net cash provided by operations
Noncash investing, capital, and financing activities:
Contributions of capita] assets
Enterprise Funds
Water and Drainage
Wastewater Utility Totals
$ 1,904,218 $ 257,868 $ 2,162,086
1,734,865
199,659
� 10,053)
� 2,760)
( 21,1�2�
36,888
5,556
1,429
6,800
( 5,468)
$ 3,849,962
128,750
( 688)
( 16)
4,164
( 1,743)
1,781
1,055
$ 391,171
$ 169,464 $ -
The notes to the financial statements are an integral part of this statement.
39
1,863,615
198,971
( 10,053)
( 2,776)
( 27,1�2)
41,052
3,813
3,210
6,800
( 4,413)
$ 4,241,133
$ 169,464
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF FIDUCIARY NET ASSETS
FIDUCIARY FUNDS
SEPTEMBER 30, 2012
ASSETS
Cash and investments
Total assets
LIABILITIES
Due to other agencies and individuals
Total liabilities
Agency Fund
$ 23,904
$ 23,904
$ 23,904
$ 23,904
The accompanying notes are an integral part of these financial statements.
40
CITY OF COLLEYVILLE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2012
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. Reportin� 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 nonproiit industrial development corporation
under the Development Corporation Act of 1979 ("Act"). The CEDC 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 Corpara�ion is organized. This includes municipa] 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. Reporting Entity (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 nine-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. Complete financial statements for the TIF inay be obtained from
the City of Colleyville Finance Department, 100 Main Street, Colleyville, Texas 76034.
B. Government-wide Fund Financial Statements
The government-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 seginent. 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 Accounting 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 financia] 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 recarded 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 �und
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 Accountin� and Financial Statement Presentation
(Continued)
GOVERNMENTAL FUNDS (Continued)
The Capital 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.
Additionally, the City also reports the following fund type:
The Special 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 Draina�e 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 Accounting and Financial Statement Presentation
(Continued)
FID UCIAR Y F UNDS
A�encv 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. These funds are held for the benefit of City
employees and to benefit the City's historical purposes.
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 government-
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 investrnent'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) ar"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 �nancial 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, 2012.
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, ar 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).
H. Capital 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 ar
estimated historical cost if purchased or constructed. Donated capital assets are recarded at
estimated fair market value at the date of donation.
(continued)
46
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
H. Capital Assets (Continued)
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 15 - 50
Improvements 20 - 50
Equipment 5 - 10
Infrastructure (streets and drainage) 50
Water distribution/sewer collection 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. Compensated 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 ihe City, except far retirement, and such amounts are not considered
material. All vacation pay is accrued when incurred in the government-wide and proprietary fund
financial statements.
K. Long-term Obli�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.
For 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 tbe 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.
(continued)
47
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
L. Fund Balance Classification
The governmental fund financial statements present fund balances based on classifications that
comprise a hierarchy that is based primarily on the extent to which the City is bound to honor
constraints on the specific purposes for which amounts in the respective governmental funds can
be spent. The classifications used in the governmental fund financial statements are as follows:
• Nonspendable: This classification includes amounts that cannot be spent because they
are either (a) not in spendable form or (b) are legally or contractually required to be
maintained intact. Nonspendable items are not expected to be converted to cash or are
not expected to be converted to cash within the next year.
• Restricted: This classification includes amounts for which constraints have been placed
on the use of the resources either (a) externally imposed by creditors, grantors,
contributors, or laws or regulations of other govermnents, or (b) imposed by law through
constitutional provisions or enabling legislation.
• Committed: This classification includes amounts that can be used only for specific
purposes pursuant to constraints imposed by board resolution of the City Council, the
City's highest level of decision making authority. These amounts cannot be used for any
other purpose unless the Council removes or changes the speci�ed use by taking the same
type of action that was employed when the funds were initially committed. This
classification also includes contractual obligations to the extent that eXisting resources
have been specifically coinmitted for use in satisfying those contractual requirements.
• Assigned: This classification includes amounts that are constrained by the City's intent
to be used for a specific purpose but are neither restricted nor committed. This intent can
be expressed by the City's Assistant City Manager/Chief Financial Officer.
• Unassigned: This classification includes the residual fund balance for the General Fund.
The unassigned classification also includes negative residual fund balance of any other
governmental fund that cannot be eliminated by offsetting of assigned fund balance
amounts.
When an expenditure is incurred for purposes for which both restricted and unrestricted fund
balance is available, the City considers restricted funds to have been spent first. When an
expenditure is incurred for which committed, assigned, or unassigned fund balances are
available, the City considers amounts to have been spent first out of committed funds, then
assigned funds, and finally unassigned funds.
M. Minimum Unassigned Fund Balance
It is the goal of the City to achieve and maintain an unassigned fund balance in the General Fund
equal to three months of that year's budgeted expenditures for both the General and Utility
Funds. The City Council may declare a fiscal emergency and withdraw any amount of the
unassigned General and Utility Funds' balances for purposes of addressing the fiscal emergency.
Any such action must also provide for necessary appropriations to restore the designated fund
balance to the balance within a three-year period.
(continued)
48
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
N. Net Assets
Net assets represent the difference between assets and liabilities. Net assets invested in capital
assets, net of related debt, consist of capital assets, net of accumulated depreciation, reduced by
the outstanding balances of any borrowing used for the acquisition, construction or improvements
of those assets, and adding back unspent proceeds. Net assets are reported as restricted when
there are limitations imposed on their use either through the enabling legislations adopted by the
City or through external restrictions imposed by creditors, grantors or laws or regulations of other
governments.
O. Estimates
The preparation of financial statements, in conformity with generally accepted accounting
principles, requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosures of contingent liabilities at the date of the
financial statements and the reported amounts of revenue and expenses during the reporting
period. Actual amounts could differ from those estimates.
P. Risk Management
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.
2. RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS
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 $(20,448,910) difference are as follows:
Bonds payable
Capital leases payable
Accrued interest payable
Compensated absences
Net adjustment to reduce fund balance - total
governmental funds to arrive at net assets -
governmental activities
(continued)
49
$( 1�,sss,653)
( 1,709,]20)
( 119,060)
( 732,077)
$( 20,448,910)
2. RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS
(Continued)
Explanation of Certain Differences Between the Governmental Fund Statement of Revenue,
Expenditures and Changes 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 $(1,323,570)
difference are as follows:
Capital outlay
Depreciation expense
Net adjustment to increase net changes in fund balances -
total governmental funds to arrive at changes in net
assets of �governmental activities
$ 2,515,115
( 3,838,685)
$( 1,323,570)
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
$(45,752) difference are as follows:
Property taxes
Ambulance revenue
Adjudicated fines
Net adjustment to increase net changes in fund balances -
total govern�nental funds to arrive at changes in net
assets ofgovernmental activities
$( 51,554)
6,536
( 734)
$( 45,752)
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 $1,109,461
difference are as follows:
Principal payments and refundings
Issuance of debt
Net adjustment to reduce fund balance -total
governmental funds to arrive at net assets -
governmental activities
$ 2,003,995
( 894,534)
$ 1,109,461
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 $(38,642) difference are as follows:
Compensated absences
Accrued interest
Deferred charges
Net adjustment to decrease net changes in fund balances -
total governmental funds to arrive at changes in net
assets ofgovernmental activities
50
$( I9,�9�)
12,916
( 31,761)
$( 38,642)
3. STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY
A. Budgetarv 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, 2012.
(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 capital outlay function exceeded appropriations by
$1,144,319. This overage was funded by under spending in other functions.
51
4. DETAILED NOTES ON ALL FUNDS
Deposits and Investments
As of September 30, 2012, the City had the following investments:
Investment Type
LOGIC
U. S. Treasuries and Agencies
Total fair value
Fair
Value
$ 23,768,758
19,718,651
$ 43,487,409
Weighted Average
Maturity (Days)
48
368
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.
The City's investment pools are 2a7-like pools. A 2a7-lilce 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 540 days.
(continued)
52
4. DETAILED NOTES ON ALL FUNDS (Continued)
Deposits and Investments (Continued)
Custodial C�edit 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, 2012, the City's entire
$12,395,786 deposit balance 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 and Agencies
Receivables
AAAm
AA+
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
Capital Debt Nonmajor Water and Drainage
General Projects Service Funds Wastewater Utility ToYal
Receivables:
Accounts $ 416,005 $ - $ - $ - $ 2,324,124 $ 108,437 $ 2,848,566
Taxes 190,066 - 38,740 - - - 228,806
Due from other
govcrnments 520,638 10,791 556 480,830 - - 1,012,815
Accrued interest 9,509 4,406 - 5,602 4,495 99 24,111
Grossreceivables 1,136,218 15,197 39,296 486,432 2,328,619 IOA,536 4,114,298
Less: allowance for
uncollecribles ( 351,524) - - - ( 34,628) - ( 386,152)
Net total receivables $ 784,694 $ 15,197 $ 39,296 $ 486,432 $ 2,293,991 $ 108,536 $ 3,728,146
(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:
General fund
Delinquent property taxes receivable
Ambulance charges for services
Municipal court fines
Other
Total general fund
Debt service fund
Delinquent property taxes receivable
Tota] debt service fund
Total governmental funds
Unavailable
$ 190,066
40,104
14,349
244,519
38,740
38,740
Unearned
$ -
976
976
$ 283,259 $ 976
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 2012 levy was
based, was $3,730,446,941.
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, 2012, was $.3559 per
$100 of assessed valuation.
Taxes are due by January 31 �ollowing the levy date. Tax collections, including related penalties
and interest, was $12,466,011 for the year ended September 30, 2012. Property taxes receivable
at September 30, 2012, were $228,806.
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, if necessary, legal action.
(continued)
54
4. DETAILED NOTES ON ALL FUNDS (Continued)
Capital Assets
Capital asset activity for the year ended September 30, 2012, was as follows:
Primary Government
Beginning Cnding
Balance Increases Decreases Balance
Governmental activities:
Capital assets, not being depreciated:
Land $ 9,293,654 $ - $ - $ 9,293,654
Construction in progress 1,178,455 1,275,384 ( 7] 2,215) 1,741,624
Total assets not being depreciated 10,472,109 1,275,384 ( 712,215) 11,035,278
Capital assets, being depreciated:
Buildings and improvements 44,880,314 723,595 - 45,603,909
Machinery and equipment 9,390,361 1,250,496 ( 415,842) 10,225,015
Infrastructure 76,959,884 237,810 - 77,197,694
Total capital assets being depreciated 131,230,559 2,211,901 ( 415,842) 133,026,618
L,ess accumulated depreciation:
Buildings and improvements ( 11,571,600) ( 1,448,200) - ( 13,019,800)
Machinery and equipment ( 6,630,979) ( 845,931) 415,842 ( 7,061,068)
Improvements otherthan buildings ( 19,626,713) ( 1,544,554) - ( 21,171,267)
Total accumulated depreciation ( 37,829,292) ( 3,838,685) 415,842 ( 41,252,135)
Total capita] assets being depreciated, net 93,401,267 ( 1,626,784) - 91,774,483
Governmental activities capital
assets, net $ 103,873,376 $( 351,400) $( 712,215) $ 102,809,761
(continued)
55
4. DETAILED NOTES ON ALL FUNDS (Continued)
Capital Assets (Continued)
Business-type acYivities:
Capital asseCs, not being depreciated:
Land
Construction in progress
Total assets not being depreciaYed
CapiYal assets, being depreciaYed:
Buildings and improvements
Machinery and equipment
Improvements other than buildings
Total capital assets being depreciated
Less accumulated depreciation:
Buildings and i�nprovements
Machinery and equipmenC
improvements other than buildings
Total accumulated depreciation
Total capital assets being depreciated, net
Business-type activities capital assets, net
Component unit:
Capital assets, not being depreciated:
Infrastructurc
Total assets not being depreciated
Capita] asscts, being depreciated:
Improvements other than buildings
Total capital assets being depreciated
Less accumulated depreciation:
Improvements other than buildings
ToYal accumulated depreciation
Total capital assets being depreciated, net
Component unit capital assets, net
Beginning
Balance lncreases
$ 313,057 $ -
718,330 62,017
],031,387 62,017
53,922
1,595,394
68,457,511
70, I 06,827
48,812
596,784
645,596
Decreases
$ -
( 267,399)
( 267,399)
( 134,924)
( 134,924)
Ending
Balance
$ 313,057
512,948
826,005
53,922
1,509,282
69,054,295
70,617,499
( 47,706) ( 622) - ( 48,328)
( 2,415,862) ( 97,613) 72,37] ( 2,441,104)
( 24,699,698) ( 1,724,101) - ( 26,423,799)
( 27,163,266) ( 1,822,336) 72,371 ( 28,913,231)
42,943,56] ( 1,176,740) ( 62,553) 41,704,268
$ 43,974,94A $( 1,114,723) $( 329,952) $ 42,530,273
$ 4,453,810 $ 97,862 $
4,453,810 97,862
$ 1,800,940 $ - $
],800,940 -
$( 108,05� �( 36,018) $
� ]08,059) � 36,018)
1,692,883 ( 36,018)
$ 6,146,693 $ 61,844 $
(continued)
56
- $ 4,551,672
- 4,SS1,672
- $ 1,800,940
- 1,800,940
$( 144,07�
� 144,075)
1,656,865
$ 6,208,537
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 $ 380,115
Fire and rescue 429,304
Leisure scrvices 1,071,260
Maintenance 5,029
Police 269,989
Streets and drainage 1,682,988
Total depreciation expense - governmental activities $ 3,838,685
Business-type activities:
Water and wasYewater $ 1,697,816
Drainage utility 124,520
Total depreciation expense - business-type activiries $ 7,822>336
Construction Commitments
The government has active construction projects as of September 30, 2012. The major projects
are listed as follows:
Proj ect
John MeCain/Pleasant Run intersection improvements
Total
Remaining
Spent-to-date Commitment
$ 232,127 $ 741,590
$ 232,127 $ 741,590
Interfund Transfers
The composition of interfund balances as of September 30, 2012, is as follows:
Interfund Transfers
Transfer In
Capital Debt
General Projects Service
Nonmajor
Government
Funds Total
Transfer Out:
General $ - $ 1,843,352 $ - $ 281,000 $ 2,124,352
Nonmajar governmental - - 505,211 182,153 687,364
Waterandwastewater 1,081,868 - - - 1,081,868
Total Transfers Out $ 1,081,868 $ 1,843,352 $ 505,211 $ 463,153 $ 3,893,584
(continued)
57
4. DETAILED NOTES ON ALL FUNDS (Continued)
Interfund Transfers (Continued)
The transfer of $1,081,868 from the Utility Fund to the General Fund represents the 2012
Administrative transfer and the franchise fee based on gross water and wastewater revenue of the
prior year's audited financial statements. The transfer of $2,124,352 from the General Fund to
the Capital Projects and nonmajor governmental funds represents transfers for capital
replacement. The transfer of $505,211 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.
Long-term Liabilities
General Obligation Bonds
The government issue
construction of major
governmental activities
was $34,030,000.
general obligation bonds to provide funds for the acquisition and
capital facilities. General obligation bonds have been issued for
The original amount of general obligation bonds issued in prior years
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:
Pumose
Governmental activities
Interest Rates
3.64°/a - 4.2%
(continued)
58
Ainount
$ 17,905,000
$ 17,905,000
4. DETAILED NOTES ON ALL FUNDS (Continued)
Lon�-term Liabilities (Continued)
General Obligation Bonds (Continued)
Long-term liability activity for the year ended September 30, 2012, was a follows:
Balance Balance
September 30, September 30,
2011 Additions Retirements 2012
Governmental activities
General obligation bonds and
certificates of obligation
Premium on bonds
Deferred loss on refunding
Sales tax revenue bonds
Capital lease obligations
Compensated absences
Total governmental activities
Business-tvpe activities
Revenue bonds and certificates
of obligation
Premium on bonds
Loss on refunding
Compensated absences
Total business-type activities
Amounts
Due Within
One Year
$ ll,510,000 $ - $ 1,535,000 $ 9,975,000 $ 1,300,000
5,905 - 656 5,249 -
( 52,119) - ( 5,791) ( 46,328) -
8,271,278 - 316,546 7,954,732 330,000
972,170 894,534 ]57,584 1,709,120 576,920
712,280 440,201 420,404 732,077 146,415
21,419,514 1,334,735 2,424,399 20,329,850 2,353,335
5,150,000 - 955,000 4,195,000 975,000
99,756 - 9,976 89,780 -
( 166,906) - ( 16,691) ( 150,215) -
87,759 51,887 48,677 90,969 18,194
5,170,609 51,887 996,962 4,225,534 993,194
Total primary government $ 26,590,123 $ 1,386,622 $ 3,421,361 $ 24,555,384 $ 3,346,529
Component unit
Tax increment financing fund
revenue bonds $ 5,295,000 $ - $ 530,000 $ 4,765,000 $ 540,000
Bond premium 167,804 - 20,976 146,828 -
Loss on refunding ( 41,792) - ( 5,224) ( 36,568) -
Tofal component unit $ 5,421,012 $ - $ 545,752 $ 4,875,260 $ 540,000
For the governmental activities, compensated absences are generally liquidated by the General
Fund.
(continued)
59
4. DETAILED NOTES ON ALL FUNDS (Continued)
Lon�-term Liabilities (Continued)
Governmental activities long-term liabilities at September 30, 2012, consisted of the following:
General obligation bonds and certificates of obligation serviced by property tax revenue:
$4,895,000 Series 2006 General Obligarion Refunding bonds due in
annual installments of $25,000 to $540,000 through February 15, 2019;
interest at 3.64%.
$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%.
$2,945,000 Series 2011 General Obligation Refunding Bonds due in
annual installments of $135,000 to $800,000 through February 15, 2020;
interest at 2.00% to 4.00%.
$ 3,455,000
4,375,000
2,145,000
Total General Obligation Bonds and Certificates of Obligation $ 9,975,000
$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%
Unamortized gain on refunding
Total Revenue Bonds
$ 7,930,000
24,732
$ 7,954,732
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, 2012, was $12,419,035.
Business-type activities long-term liabilities at September 30, 2012, consisted of the following:
Water and Wastewater Fund:
$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%.
$3,120,000 Series 2010 Waterworks and Wastewater System Refunding
Bonds due in annual installments of $155,000 to $580,000 through
January 1, 2018; interest at 2.00% - 3.00%.
Total Water and Wastewater Fund
Drainage Utility Fund:
$1,550,000 Series 2011 Waterworks and Wastewater System Refunding
Bonds due in annual installments of $105,000 to $225,000 through
February 15, 2021; interest at 3.47%.
Total Drainage Utility Fund
Total Business-type activities
$ 380,000
2,470,000
$ 2,850,000
$ 1,345,000
$ 1,345,000
$ 4,195,000
The ordinances authorizing the issuance of Waterworks 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, 2012, 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, ]ong-term liabilities at
September 30, 2012, consisted of the following:
Tax Increment Financing District
$5,255,000 Series 2011 Refunding Bonds due in installments of
$490,000 to $665,000 beginning in 2012 through February 15, 2020;
interest at 2.0% to 4.0%. $ 4,765,000
Total Tax Increment Financing District
September 30,
2013
2014
2015
2016
2017
2018-2022
2023-2027
2028-2030
September 30,
2013
2014
2015
2016
2017
2018-2022
Governmental Activities
General
Obligation Bonds and
Certificates of Obligation
Principal Interest
$ 1,300,000 $ 338,134
1,015,000 305,948
740,000 278,384
770,000 251,258
795,000 223,179
2,830,000 736,016
2,525,000 262,500
$ 9,975,000 $ 2,395,419
Business-type Activities
(continued)
62
$ 4,765,000
Revenue Bonds
Principal Interest
$ 330,000 $ 318,365
340,000 304,630
355,000 290,383
375,000 275,418
390,000 259,735
2,195,000 1,041,708
2,700,000 541,610
1,245,000 51,558
$ 7,930,000 $ 3,083,407
Revenue Bonds
Principal Interest
$ 975,000 $ 105,852
995,000 79,704
685,000 57,947
450,000 42,446
460,000 28,291
630,000 36,244
$ 4,195,000 $ 350,484
4. DETAILED NOTES ON ALL FUNDS (Continued)
Lon�-term Liabilities (Continued)
September 30,
2013
2014
2015
2016
2017
2018-2020
Capital Leases
Discretely Presented Component Unit -
Tax Increment Financing Fund
Revenue Bonds
Principal Interest
$ 540,000 $ 224,980
555,000 200,942
565,000 175,256
585,000 97,425
600,000 79,650
1,920,000 114,125
$ 4,765,000 $ 892,378
The City has entered into lease agreements as lessee for financing and acquisition of equipment
for the Fire Department. These lease agreements qualify as capital leases 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:
Asset:
Machinery and equipment
Less: accumulated depreciation
Total
Governmental
Activities
$ 2,539,938
( 692,338)
$ 1,847,600
Business-type
Activities
$ 25,500
( 21,950)
$ 3,550
The future minimum lease obligations and the net present value of these minimum lease
payments as of September 30, 2012, were as follows:
2013
2014
2015
2016
2017
2018-2022
Total minimum lease payments
Less: amount representing interest
Present value of minimum lease payments
Governmental
Activities
$ 616,562
319,228
319,228
269,505
116,839
233,678
1,875,040
( 165,920)
$ 1,709,120
(continued)
63
4. DETAILED NOTES ON ALL FUNDS (Continued)
Employees' 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' website 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:
Employee deposit rate
Matching ratio (oity to employee)
Years required for vesting
Service retirement eligibility
(expressed as age/years of service)
Updated service credit
Annnity inoreaae (to retixeas)
Contributions
Plan Year 2010
7.0%
2 to I
60/5, 0/20
100% repeating
transfers
70% of CPI
repeating
Plan Year 2011
7.0%
2to1
5
60/5, 0/20
100% repeating,
transfers
70% of CPI
Plan Year 2012
7.0%
2 to 1
60/5, 0/20
100% repeating,
transfers
0% of CPI
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.
(continued)
64
4. DETAILED NOTES ON ALL FUNDS (Continued)
Employees' Retirement System (Continued)
Contributions (Continued)
The City contributes to the TMRS Plan at an actuarially determined rate. Both the employees
and the City malce 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
09/30/10 $ 1,558,614 100% -
09/30/11 1,220,839 100% -
09/30/12 817,843 100% -
The required contribution rates for fiscal year 2012 were determined as part of the December 31,
2009 and 2010 actuarial valuations. Additional information as of the latest actuarial valuation,
December 31, 2011, also follows:
Actuarial Valuation Date
Actuarial cosf inethod
Amortization method
Asset valuation method
Actuarial Assumptions:
Investment rate of return
Projected salary increases
Inflation
Cost-of-living adjustments
GASB 25 Equivalent Single
amortization period
Amortization period for
new gains/losses
12/31/09
ProjecYed Unit Credit
Levelpercent
of payroll
] 0-year smoothed
market
7.5%
varies by age
and service
3.0%
2.1%
28.0 years;
closed period
30 years
(continued)
65
12/31/10
Projected Unit Credit
Levelpercent
of payroll
10-year smoothed
market
7.0%
varies by age
and service
3.0%
2.1%
38.3 years;
closed period
25 years
12/31/ll
Projected Unit Credit�
Level percent
of payroll
10-year smoothed
market
7.0%
varies by age
and service
3.0%
0%
273 years;
closed period
25 years
4. DETAILED NOTES ON ALL FUNDS (Continued)
Employees' Retirement System (Continued)
Funded Status and Fund Progress
The funded status as of December 31, 201 l, the most recent actuarial valuation date, is presented
as follows:
Actuarial accrued liability (AAL)
Actuarial value of plan assets
Unfunded (overfunded) actuarial accrued liability (UAAL)
Fundedratio (actuarial value ofplan assets/ALL)
Covered payroll (annual payroll of active
employees covered by the plan)
UAAL as a percentage of covered payroll
$ 36,643,865
38,477,205
$( 1,833,340)
105.00%
9,661,349
( 19.00%)
Actuarial valuations involve estimates of the value of reported amounts and assumptions about
the probability of events far into the future. Actuarially determined amounts are subject to
continual revision as actual results are compared to past expectations and new estimates are
made about the future. Actuarial calculations are based on the benefits provided under the terms
of the substantive plan in effect at the time of each valuation, and reflect a long-term perspective.
Consistent with that perspective, actuarial methods and assumptions used include techniques that
are designed to reduce short-term volatility in actuarial accrued liabilities and the actuarial value
of assets.
Water and Wastewater Contracts
The City has two contracts with the Trinity River Autharity 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 fiscal year 2012 amounted to
approximately $6,636,694 and $1,512,145, respectively.
(continued)
66
4. DETAILED NOTES ON ALL FUNDS (Continued)
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, 2012, developers had escrowed $3,001,904 with the City in connection with developer
agreements.
Contingent 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.
Risk Financin� and Insurance
The City is exposed to various risks of loss related to torts, theft of, damage to, and destruction
of assets; errars 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 Postemployment 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) lcnown 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 following 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.
(continued)
67
4. DETAILED NOTES ON ALL FUNDS (Continued)
Other Postemployment Benefits (Continued)
Supplemental Death Benefits Fund (Continued)
The City's contributions to the TMRS 508F for the years ended 2012, 2011, and 2010 were
$14,480, $9,752, and $10,162, respectively, which equaled the required contributions each year.
Accounting
Year
Ending
09/30/ 10
09/30/11
09/30/12
Schedule of Contribution Rates
Annual
Required
Contriburion
(Bate)
.O1%
.02%
.013%
68
Actual
Contribution
Made
(Bate)
.O1 %
.02%
.013%
Percentage
of ARC
Contributed
100%
100%
100%
REQUIRED
SUPPLEMENTARY INFORMATION
69
Actuarial
Valuation
Date
12/3 U2009
12/31/2010
12/31 /201 l
Actuarial
Value of
Assets
$ 24,573,182
35,451,160
38,477,205
CITY OF COLLEYVILLE, TEXAS
REQUIRED SUPPLEMENTARY INFORMATION
TEXAS MUNICIPAL RETIREMENT SYSTEM
SCHEDULE OF FUNDING PROGRESS
Actuarial
Accrued
Liability
$ 32,867,149
34,974,234
36,643,865
Funded
Ratio
74.8%
101.4%
105.0%
Unfunded
(Overfunded) Unfunded Actuarial
Actuarial Annual Accrued Liability
Accrued Covered as a Percentage
Liability Payroll of Covered Payroll
$ 8,293,967 $ 10,436,294 115.0%
( 476,926) 10,125,274 86.9%
( 1,833,340) 9,661,349 82.6%
Note: Fiscal years 2010 and 2011 include the impact of Senate Bill 350 enacted by the Texas
Legislature in June of 2011. This legislation provided a restructuring of the Texas Municipal
Retirement System funds effective December 31, 2010.
70
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 library building for the City.
Recreational Event — This fund is used to account for activities related to athletic events for
the City.
Colleyville Center Development — 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 Colleyville. Contributions are received from the holder of the City's recycling franchise.
LEOSE (Law Enforcement Office� 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.
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 Dist�ict — 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.
71
Kidsville Maintenance — This fund is used to account for contributions received for the
maintenance of Kidsville 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.
TDPA Grant — This fund is used to account for grant proceeds received for the acquisition of
equipment and expenditures relating to �re and rescue.
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.
Colleyville TomoYrow Fund — is used to account far proceeds received on gas leases on City-
owned property to be used for capital purchases.
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 fram 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.
Capital and Cable Equipment Replacement — This fund is used to account for the replacement
of cable equipment and other capital equipment.
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.
72
THIS PAGE INTENTIONALLY LEFT BLANK
73
CITY OF COLLEYVILLE, TEXAS
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2012
ASSETS
Cash and cash equivalents
Investments
Due from other governments
Accrued interest
Total assets
LIABILITiES AND FUND BALANCES
Liabilities:
Accounts payable
Accrued liabilities
Advances from developers
Total liabilities
Fund balances:
Restricted
Committed
Assigned
Total fund balances
Total liabilities and fund balances
Special Revenue Funds
V oluntary
Voluntary Park Library
$ 72,073
399,184
127
$ 471,384
$ -
471,3 84
471,3 84
$ 471,384
74
$ 9,865
359,043
175
$ 369,083
$ -
369,083
369,083
$ 369,083
Police Asset
Forfeiture
$ 7,173
$ 7,173
$
7,173
7,173
$ 7,173
Special Revenue Funds
Colleyville
Tree Library Recreational Center
Preservation Donation Event Development Recycling LEOSE
$ 18,927 $ 140,831 $ 227 $ 6,449 $ 1,730 $ 8,956
$ 18,927 $ 140,831 $ 227 $ 6,449 $ 1,730 $ 8,956
$ -
13,724
13,724
$
$
$
$
$
- 140,831 - 6,449 - 8,956
5,203 - - - - -
- - 227 - 1,730 -
5,203 140,831 227 6,449 1,730 8,956
$ 18,927 $ 140,831 $ 227 $ 6,449 $ 1,730 $ 8,956
(continued)
75
CITY OF COLLEYVILLE, TEXAS
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
(Continued)
SEPTEMBER 30, 2012
ASSETS
Cash and cash equivalents
Investments
Due from other governments
Accrued interest
Total assets
LIABILITiES AND FUND BALANCES
Liabilities:
Accounts payable
Accrued liabilities
Advances from developers
Total liabilities
Fund balances:
Restricted
Committed
Assigned
Total fund balances
Total liabilities and fund balances
Special Revenue Funds
Colleyville
Economic Kidsville
Development Crim� District Maintenance
$ 1,174,650
564,373
264,665
727
$ 2,004,415
$ 5,570
5,570
1,998,845
1,998,845
$ 2,004,415
76
$ 929,479
216,165
$
20,426
$ 1,145,644 $ 20,426
$ 2
9,361
9,363
1,136,281
1,136,281
$ 1,145,644
$
20,426
20,426
$ 20,426
Special Revenue Funds
Special Court
Donations Technology Court Security TDPA Grant Public Art
$ 40,030 $ 52,349 $ 50,521 $ 12,160 $ 7,904
$ 40,030 $ 52,349 $ 50,521 $ 12,160 $ 7,904
$
40,030
40,030
$ 40,030
$ 11,233
11,233
41,116
41,1 l6
$ 52,349
$
50,521
50,521
$ 50,521
(continued)
77
$
12,160
] 2,160
$ 12,160
$
7,904
7,904
$ 7,904
CITY OF COLLEYVILLE, TEXAS
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
(Continued)
SEPTEMBER 30, 2012
ASSETS
Cash and cash equivalents
Investments
Due from other governments
Accrued interest
Total assets
LIABILITiES AND FUND BALANCES
Liabilities:
Accounts payable
Accrued liabilities
Advances from developers
Total liabilities
Fund balances:
Restricted
Committed
Assigned
Total fund balances
Total liabilities and fund balances
78
Capital Project Funds
Colleyville
Tomorrow
$ 1,632,773 $
691,628
3,431
$ 2,327,832
$
2,327,832
2,327,832
Parlcs
Tomorrow
1,211,052
$ 1,211,052
$ 10,800
10,800
1,200,252
1,200,252
$ 2,327,832 $ 1,211,052
Capital Project Funds
Capital and
Cable Total
Parkland CEDC Capital Equipment Governmental
Dedication Project Replacem�nt Kimzey Park Funds
$ 729
1,499,066
1,097
$ 1,500,892
$ -
1,500,892
1,500,892
$ 1,500,892
$ 314,838
$ 314,838
$ -
314,838
314,838
$ 314,838
$ 504,845
449,843
45
$ 954,733
$ 9,776
9,776
944,957
944,957
$ 954,733
79
$ 3,576
$ 3,576
$ -
3,576
3,576
$ 3,576
$ 6,221,563
3,963,137
480,830
5,602
$ 10,671,132
$ 37,381
9,361
13,724
60,466
3,462,788
6,193,060
954,818
10,610,666
$ 10,671,132
CITY OF COLLEYVILLE, TEXAS
COMBINiNG STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2012
REVENUES
Taxes
Fees and fines
Licenses and permits
Intergovernmcntal
Donations
Investment earnings
Miscellaneous
Total revenues
EXPENDiTURES
Current:
Gcneral government
Cominunity development and engineering
Fire and rescue
Leisure services
Municipal court
Police
Debt service:
Principal
Interest and other charges
Capital outlay
Total expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total other financing sourcES and uses
NET CHANGE IN FUND BALANCES
FUND BALANCES, BEGINNING
FUND BALANCES, ENDING
Voluntary Park
$ -
149,130
149,130
2,350
2,350
146,780
146,780
324,604
$ 471,384
80
Special Revenue Funds
Voluntary
Library
$ -
151,488
2,398
153,886
135,139
135,139
18,747
18,747
350,336
$ 369,083
Police Asset
Forfeiture
$ -
9,019
9,019
2,668
2,668
6,35]
822
822
7,173
$ 7,173
Special Revenue Funds
Colleyville
Tree Library Recrearional Centcr
Preservation Donation EvEnt Development Recycling LEOSE
$ - $ - $ - $ - $ - $ -
- 3,000 - 898 - -
- 22,944 9,763 - - -
- - - - 15,000 -
- 25,944 9,763 898 15,000 -
37,346
- 3,679
- 4l ,025
- ( 15,081�
9,536
9,536
227
898
898
17,311
17,311
814
1,278
2,092
( 2,311) ( 2,092�
- � �s,osi� za� - ( a,3i1� � z,o9z�
5,203 155,912 - 6,449 4,04 ] 11,048
$ 5,203 $ 140,831 $ 227 $ 6,449 $ 1,730 $ 8,956
(continued)
81
CITY OF COLLEYVILLE, TEXAS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
(Continued)
FOR THE YEAR ENDED SEPTEMBER 30, 2012
REVENUES
Taxes
Fees and fincs
Licenses and permits
Intergovernmcntal
Donations
InvesYment earnings
Miscellaneous
Total revenues
EXPENDiTURES
Current:
General government
Community development and engineering
Firc and rescue
Leisure services
Municipal court
Police
Dcbt service:
Principal
Interest and other charges
Capital outlay
Total expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total other financing sources and uses
NET CHANGE IN FUND BALANCES
FUND BALANCES, BEGINNING
FUND BALANCES, ENDING
Special Revenue Funds
Colleyville
Economic Kidsville
Development Crime District MainYenance
$ 1,426,909 $ 1,210,756 $ -
4,422 1,899 -
1,431,331 1,212,655 -
143,191 - -
190,812 - -
- 449,881 -
315,000 - -
331,588 - -
150,464 100,195 -
l,l 31,055 550,076 -
300,276 662,579 -
� �6s,33i� � szi,zii� -
� i6s,331� � s21,2i1� -
134,945 141,368 -
1,863,900 994,913 20,426
$ 1,998,845 $ 1,136,281 $ 20,426
82
Special Revenue Funds
Capital and
Cable
Special Court Equipment
Donations Technology Court Security TDPA Grant Replacement Public Art
$ - $ - $ - $ - $ - $ -
- 29,929 22,444 - - -
3,999 - - - - -
44,046 - - - - -
- 214 - - - -
48,045 30,143 22,444 - - -
14,271
7,049
4,270
25,590
22,455
( 822)
( 822)
21,633
18,397
$ 40,030
46,412
46,412
� ] 6,269)
( 16,269)
57,385
$ 41,116
22,885
45,073
67,958
( 45,S14)
( 45,514)
96,035
$ 50,521
12,160
$ 12,160
(continued)
83
$ -
7,904
$ 7,904
CITY OF COLLEYVILLE, TEXAS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
(Continued)
FOR THE YEAR ENDED SEPTEMBER 30, 2012
REVENUES
Taxes
Fees and fines
Licenses and permits
Intergovcrnmcntal
Donations
Investment earnings
Miscellaneous
Total revenues
EXPENDiTURES
Current:
Gcneral government
Cominunity development and engineering
Fire and rescue
Leisure services
Municipal court
Police
Debt service:
Principal
Interest and other charges
Capital outlay
Total expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total other financing sourcES and uses
NET CHANGE IN FUND BALANCES
FUND BALANCES, BEGINNING
FUND BALANCES, ENDING
84
Capital Project Funds
Colleyville
Tomorrow
$ -
12,387
10,169
22,556
ll4,898
114,898
( 92,342)
165,331
165,331
72,989
2,254,843
$ 2,327,832
Parks
Tomorrow
$ -
4,916
2,927
7,843
7,843
7,843
1,192,409
$ 1,200,252
Capital Project Funds
Capital and
Cable
Parkland CEDC Capital Equipment
Dedication Projcct Rcplacemcnt Kimzey Park
$ - $ - $ - $ -
16,668 12,750 - -
188 - 9,948 -
16,856 12,750 9,948 -
16,856
16,856
1,484,036
$ 1,500,892
26,386
24,139
50,525
( 37,775)
( 37,775)
352,613
$ 314,838
275,382
223,212
498,594
� 488,64�
297,000
297,000
( 191,64�
1,136,603
$ 944,957
85
Total
Governmental
Funds
$ 2,637,665
61,392
17,303
7,897
406,789
32,165
15,000
3,178,211
292,693
143,191
15,085
409,516
69,297
458,097
315,000
331,588
661,660
2,696,127
- 482,084
3,576
$ 3,576
463, l 53
( 687,364)
( 224,211)
257,873
10,352,793
$ 10,610,666
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, 2012
REVENUES
Taxes
Investment earnings
Miscellaneous
Total revenues
EXPENDITURES
Debt service:
Principal retirement
Interest and fiscal charges
Total expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES
Transfers in
Total other financing sources
NET CHANGE IN FUND BALANCE
FUND BALANCE, BEGINNING
FUND BALANCE, ENDING
Budget
$ 1,495,165
2,375
1,497,540
1,692,585
427,006
2,119,591
( 622,051)
505,211
505,211
( 116,840)
1,188,907
$ 1,072,067
86
Actual
$ 1,654,744
2,803
6,338
1,663,885
1,692,585
426,006
2,118,591
( 454,706)
505,211
505,211
50,505
1,188,907
$ 1,239,412
Variance with
Budget -
Positive
(Negative)
$ 159,579
428
6,338
166,345
1,000
1,000
167,345
167,345
$ 167,345
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.
87
CITY OF COLLEYVILLE, TEXAS
COMBINING STATEMENT OF FIDUCIARY NET ASSETS
AGENCY FUNDS
SEPTEMBER 30, 2012
ASSETS
Cash and cash equivalents
Total assets
LIABILITIES
Due to other agencies and individuals
Total liabilities
Employee
Activity
Fund
$ 6,366
$ 6,366
$ 6,366
$ 6,366
88
Sesquicentennial
Fund
$ 17,538
$ 17,538
$ 17,538
$ 17,538
Total
$ 23,904
$ 23,904
$ 23,904
$ 23,904
Cash and cash equivalents
Total assets
CITY OF COLLEYVILLE, TEXAS
COMBINING STATEMENT OF CHANGES IN
ASSETS AND LiABILITIES
AGENCYFUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2012
Employee Activity Fund
Balance Balance
10/O1/11 Additions Deletions 09/30/12
$ 6,495 $ 2,936 $ 3,065 $ 6,366
$ 6,495 $ 2,936 $ 3,065 $ 6,366
Due to other agencies and individuals $ 6,495 $ 2,936 $ 3,065 $ 6,366
Totalliabilities $ 6,495 $ 2,936 $ 3,065 $ 6,366
Cash and cash equivalents
Total assets
Due to other agencies and individuals
Total liabilities
Cash and cash equivalents
Total assets
Sesquicentennial Fund
Balance Balance
l0/O1/11 Additions Deletions 09/30/12
$ 17,374 $
$ 17,374 $
$ 17,374 $
$ 17,374 $
Balance
10/O1/11
250 $ 86 $ 17,538
250 $ 86 $ 17,538
250 $
250 $
Total Agency Funds
86 $ 17,538
86 $ 17,538
Balance
Additions Deletions 09/30/12
$ 23,869 $ 3,] 86 $ 3,151 $ 23,904
$ 23,869 $ 3,186 $ 3,151 $ 23,904
Due to other agencies and individuals $ 23,869 $ 3,186 $ 3,151 $ 23,904
Totalliabilities $ 23,869 $ 3,186 $ 3,151 $ 23,904
89
THIS PAGE INTENTIONALLY LEFT BLANK
90
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 92
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 102
These schedules contain information to help the reader assess the
government's most significant local revenue source, the property
tax.
Debt Capacity 107
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 114
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 116
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.
91
CITY OF COLLEYVILLE, TEXAS
NET ASSETS BY COMPONENT
(Accrual Basis of Accounting)
Fiscal Year
2003 2004 2005 2006
Governmental activities:
Invested in capital assets, net of related debt $ 55,965,990 $ 60,055,616 $ 60,884,756 $ 66,991,146
Restricted for:
Debt service 1,040,403 756,516 896,130 937,578
Court securiry and technology - - - -
Grant programs - - - -
Leisure services - - - -
Economic development - - - -
Streets and drainage - - - -
Police - - - -
Unrestricted 15,646,259 15,948,497 19,132,376 19,002, 816
Total governmental activities net assets $ 72,652,652 $ 76,760,629 $ 80,913,262 $ 86,931,540
Business-rype activities:
Invested in capital assets, net of related debt $ 22,588,864 $ 23,957,432 $ 24,827,365 $ 25,919,619
Restricted for:
Debt service 668,120 668,239 670,571 882,821
Unrestricted 14,502,121 15,470,275 16,374,236 19,253,772
Total business-type activities net assets $ 37,759,105 $ 40,095,946 $ 41,872,172 $ 46,056,212
Primary government:
Invested in capital assets, net of related debt $ 78,554,854 $ 84,013,048 $ 85,7] 2,121 $ 92,910,765
Restricted for:
Debt service 1,708,523 1,424,755 1,566,701 1,820,399
Court securiry and technology - - - -
Grant programs - - - -
Leisure services - - - -
Economic development - - - -
Streets and drainage - - - -
Police - - - -
Unrestricted 30,148,380 31,418,772 35,506,612 38,256,588
Total primary government net assets $ ll 0,411,757 $ ll 6,856,575 $ 122,785,434 $ 132,987,752
Note: The City implemented GASB 54 in fiscal year 201 1 to provide clearer fund balance classifications. Prior years
were not restated.
92
2007
$ 71,824,719
1,032,586
21,987,778
$ 94,845,083
$ 32,804,703
1,080,751
13,626,274
$ 47,511,728
$ 104,629,422
2,l 13,337
35,614,052
$ 142,356,811
2008
$ 77,484,725
889,689
21,862,136
$ 100,236,550
$ 39,442,148
1,024,349
7,837,790
$ 48,304,287
$ 116,926,873
1,914,038
29,699,926
$ 148,540,837
Fisca] Year
2009 2010
$ 79,243,497
1,040,896
27,498,864
$ 107,783,257
$ 39,174,562
987,181
8,127,736
$ 48,289,479
$ 118,418,059
2,028,077
35,626,600
$ 156,072,736
93
$ 81,970,674
1,057,699
25,936,703
$ 108,965,076
$ 39,080,043
983,225
7,747,336
$ 47,810,604
$ 121,050,717
2,040,924
33,684,039
$ 156,775,680
2011
$ 83,166,142
1,106,893
153,420
23,208
201,184
1,863,900
6,428,106
994,913
17,837,593
$ ll1,775,359
$ 38,892,098
662,050
10,111,776
$ 49,665,924
$ 122,058,240
1,768,943
153,420
23,208
201,184
l ,863,900
6,428, l 06
994,913
27,949,369
$ 161,441,283
TABLE l
2012
$ 83,211,988
1,159,092
91,637
21,1 16
207,736
1,998,845
8,192,568
1,143,454
19,559,719
$ 115,586,155
$ 38,395,708
12,332,238
$ 50,727,946
$ 121,607,696
1,159,092
91,637
21,116
207,736
1,998,845
8,192,568
1,143,454
31,891,957
$ 166,314,101
CITY OF COLLEYVILLE, TEXAS
EXPENSES
Governmental activities:
General government
Community Development and Engineering
Fire and rescue
Leisure services
Maintenance
Municipal court
Police
Streets and drainage
Interest on long-term debt
Total governmental activities expenses
Business-type activities:
Water and wastewater
Drainage
Interest on long-term debt
Total business-type activities expenses
CHANGES IN NET ASSETS
(Accrual Basis of Accounting)
2003
$ 1,551,989
] ,280,410
3,010,260
2,728,287
193,865
235,053
3,498,419
2,195,256
] ,491,649
16,185,] 88
7,704,603
354,960
60l ,560
8,661, ] 23
Fiscal Year
2004 2005
$ 2,542,016
1,281,429
3,144,814
2,953,528
364,256
250,551
3,295,263
2,562,499
1,290,825
17,685,181
7,850,570
5 ] 7,713
8,368,283
Total primary government program expenses $ 24,846,3ll $ 26,053,464
PROGRAM REVENUES
Governmental activities:
Charges for services:
General government
Community Development and Engineering
Fire and rescue
Leisure services
Municipal court
Police
Streets and drainage
Operating grants and contributions
Capital grants and contributions
Total �overnmental activities program revenues
$ 18,000
],242,838
l 04,990
394,098
510,544
45,626
240,309
328,324
8,014,501
10,899,230
94
$ 16,000
1,687,921
125,081
399,319
508,572
66,135
S12,171
619,459
3,857,202
7,791,860
$ 2,245,964
1,164,345
3,325, ] 03
2,923,958
364,434
238,874
3,533,083
2,970,475
1,190,857
] 7,957,093
8,962,630
550,005
9,512,635
$ 27,469,728
$ 6,000
1,515,052
l 36,498
386,658
492,805
95,234
336,111
523,704
3,283,774
6,775,836
2006
$ 2,729,064
l ,267, l 36
3,814,585
3,513,992
383,504
270,345
3,801,644
2,932,465
1,142,043
] 9,854,778
9,428,373
548,963
440,703
10,418,039
$ 30,272,817
$ 6,000
2,163,596
239,386
448,606
813,781
70,899
472,860
399,819
4,355,357
8,970,304
2007
$ 2,438,05]
] ,523,768
3,790,831
3,525,094
434,984
262,198
4,232,185
2,890,995
1,032,374
20,130,480
9,337,282
671,773
400,752
10,409,807
$ 30,540,287
$ 6,000
1,454,744
303,868
424,024
932,452
81,054
355,157
431,683
5,372,281
9,361,263
11:
$ 2,814,874
1,481,124
3,958,11 l
4,033,105
417,265
324,020
4,657,438
3,129,730
],l 07 ,714
21,917,381
11,179,548
593,600
362,642
12,135,790
$ 34,053,17]
$ 16,000
1,332,453
250,814
563,738
1,171,919
79,699
358,688
1,856,567
3,973,954
9,603,832
Fiscal Year
2009 2010
$ 2,945,481
1,530,90]
4,113,793
3,941,259
455,752
29l ,724
4,841,217
3,503,519
1,051,180
22,674,826
10,612,372
658,O16
331,361
l 1,601,749
$ 34,276,575
$ 15,000
666,914
271,216
6,595,487
1,002,008
51,631
215,619
713,189
360,023
9,891,087
$ 2,691,905
1,645,221
4,419,945
4,118,769
423,783
302,756
4,836,274
3,885,182
1,000,061
23,323,896
11,242,553
572,234
296,288
12,1 l 1,075
$ 35,434,971
$ 15,000
647,298
235,225
468,426
1,213,178
94,059
345,780
543,516
423,873
3,986,355
(continued)
95
2011
$ 2,715,154
l ,402,669
4,421,496
4,191,960
4]2,S13
303,839
4,878,055
3,657,591
849,390
22,832,667
12,009,187
742,160
12,751,347
$ 35,584,014
$ 97,234
868,363
305,882
1,213,167
970,143
70,709
296,350
822,056
405,347
5,049,251
TABLE 2
2012
$ 3,125,214
1,397,839
4,321,929
4,124,619
400,306
3 l 9,445
4,579,570
3,073,530
780,029
22,122,481
12,258,587
723,994
12,982,581
$ 35,105,062
$ 28,408
1,146,518
335,308
520,433
1,015,804
81,056
338,845
490,069
381,308
4,337,749
CITY OF COLLEYVILLE, TEXAS
CHANGES IN NET ASSETS
(Continued)
(Accrual Basis of Accounting)
2003
PROGRAM REVENUES (Continued)
Business-type activities:
Charges for services:
Water and wastewater $ 8,595,871
Drainage 666,399
Capital grants and contributions 1,443,502
Total business-type activities program revenues 10,705,772
Fiscal Year
2004 2005 2006
$ 8,924,942 $ 9,856,889 $ ]3,187,868
677,913 675,045
1,412,990 844,256 1,100,354
11,07 5,845 11,376,190 14,288,222
Total primary government program revenues $ 21,605,002 $ 18,807,705 $ 18,152,026 $ 23,258,526
NET (EXPENSE) REVENUES
Governmental activities $( 5,285,958) $( 9,893,321) $(11,181,257) $(10,884,474)
Business-type activities 2,044,649 2,647,562 1,863,555 3,870,183
Total primary government net expense ( 3,241,309) ( 7,245,759) ( 9,317,702) ( 7,014,291)
GENERAL REVENUES AND OTHER CHANGES IN NET ASSETS
Governmental activities:
Taxes
Property 8,183, 790
Franchise ] ,395,569
Sales 2,964,331
Other 32,123
Investment earnings 468,656
Miscellaneous 63,052
Gain on sale of capital assets -
Transfers 1,OS 8,060
Total governmental activities 14,165,581
8,534,388
1,458,079
3,381,634
37,296
2l 7,316
53,538
473,366
]4,155,617
8,938,888
1,477, 749
3,801,369
53,974
443,570
153,947
464,393
15,333,890
9,483,546
1,790,543
4,355,627
76,005
904,361
65,313
532,357
17,207,752
Business-type activities:
Investment earnings 282,661 162,645 377,064 846,214
Gain on sale of capital assets - - - -
Transfers ( 1,058,060) ( 473,366) ( 464,393) ( 532,357)
Total business-type activities ( 775,399) ( 310,721) ( 87,329) 313,857
Total primary government
CHANGE IN NET ASSETS
Governmental activities
Business-type activities
Total primary government
13,390,182 13,844,896 15,246,561
8,879,623 4,262,296 4,152,633
1,269,250 2,336,841 1,776,226
$ 10,148,873 $ 6,599,137 $ 5,928,859
Note: See Table 9 for information about Water and Wastewater Charges for services
96
17,521,609
6,323,278
4,184,040
$ ] 0,507,318
2007
$ 9,127,470
841,972
1,561,255
11,530,697
$ 20,891,960
$( 10,769,217)
] ,120,890
( 9,648,32�)
10,153,775
1,779,376
4,674,068
89,132
l ,224,361
97,963
664,085
18,682,760
998,710
� 664,085)
334,625
19,017,385
7,913,543
1,455,515
$ 9,369,058
2008
$ 11,114,892
859,013
l ,415,785
13,389,690
$ 22,993,522
$( 12,313,549)
l ,253,900
( 11,059,649)
1 l ,367,967
1,818,060
4,740,964
82,532
804,864
96,348
116,112
841,936
l 9,868,783
380,595
( 84�,936)
( 46�,341)
19,407,442
7,555,234
792,559
$ 8,347,793
Fiscal Year
2009 2010
$ ] 1,303,868 $ 11,414,425
874,637 897,361
63,293 147,014
12,241,798 12,458,800
$ 22,132,885 $ 16,445,155
$( 12,783,739)
640,049
( 12,143,690)
l 2,121,420
2,017,440
4,718,976
74,] 98
471,524
77,854
25,237
823,797
20,330,446
168,940
( 823,797)
( 654,857)
19,675,589
7,546,707
( �4,808)
$ 7,531,899
97
$( ] 9,337,541)
347,725
( 18,989,816)
12,557,716
1,867,065
4,936,484
75,365
76,968
82,833
65,306
857,622
20,519,359
15,158
] 5,864
( 857,622)
( 826,600)
19,692,759
1,181,818
( 478,875)
$ 702,943
20l]
$ 14,355,418
903,089
168,365
15,426,872
$ 20,476,123
$( 17,783,4] �
2,675,525
( 15,107,891)
12,414,948
2,031,268
5,056,597
80,731
95,822
55,454
858,879
20,593,699
38,674
( 858,879)
( 820,205)
19,773,494
2,810,283
1,855,320
$ 4,665,603
TABLE 2
2012
$ 14,034,600
9] 8,323
169,464
15,122,387
$ 19,460,136
$( 17,784,732)
2,139,806
( 15,644,926)
12,414,457
2,207,463
5,495,730
65,808
] 08,192
74,041
147,969
1,081,868
2l ,595,528
4,084
( 1,081,868)
( 1,077,784)
20,517,744
3,810,796
1,062,022
$ 4,872,818
THIS PAGE INTENTIONALLY LEFT BLANK
98
TABLE 3
CITY OF COLLEYVILLE, TEXAS
FUND BALANCES
GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(Modified Accr�ual Basis of Accounting)
Fiscal Ycar
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
General fund
Non-spendable $ - $ - $ - $ - $ - $ - $ - $ - $ 2,147 $ 132,664
Restricted - - - - - - - - - -
Committed - - - - - - - - 706,942 813,536
Assigned - - - - - - - - - -
Unassigned 6,440,152 6,767,592 6,850,731 7,575,662 8,495,329 8,717,398 8,207,420 8,813,597 10,223,232 11,762,625
Total general fund $ 6,440,152 $ 6,767,592 $ 6,850,731 $ 7,575,662 $ 8,495,329 $ 8,717,398 $ 8,207,420 $ 8,813,597 $ 10,932,321 $ 12,708,825
All other governmental funds
Non-spendable $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Restricted 2,674,486 3,056,810 2,959,583 1,082,681 1,254,686 987,681 1,121,567 1,154,570 10,853,638 ]2,894,768
Committed - - - - - - - - 5,967,620 6,193,060
Assigned - - - - - - - - 1,148,548 954,818
Unassigned, reported in:
Special revenue funds 2,068,938 2,459,810 3,251,861 4,760,679 4,814,412 5,696,905 7,267,350 5,664,493 - -
Capital projects funds 6,012,845 4,967,859 7,438,437 7,012,225 9,055,431 7,811,492 12,369,631 11,524,206 - -
Total all other
governmentalfunds $ ]0,756,269 $ 10,484,479 $ 13,649,881 $ 12,855,585 $ 15,124,529 $ ]4,496,078 $ 20,758,548 $ 18,343,269 $ ]7,969,806 $ 20,042,646
Note: This schedule does not restate prior years for Special Revenue and Capital Projects Funds.
The City implemented GASB 54 in fiscal year 2011 to provide clearer fund balance classifications. Prior years were not restated.
99
REVENUES
Taxes
Developer contributions
Licenses, fees and permits
Capital improvement fees
Drainage fees
Fines and penalties
Charges for services
Interest
Intergovernmenta]
Donations
Misccllaneous
Total revenues
EXPENDITURES
General government
Comm Development/Eng
Fire
Police
Leisure services
Streets and drainage
Municipal court
Maintenance
Capital outlay
Debt service:
Interest
Principal
Total expenditures
CITY OF COLLEYVILLE, TEXAS
CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(Modif'ied Accr�ual Basis of'Accounting)
Fiscal Year
2003 2004 2005 2006 2007 2008 2009 2010 2011
TABLE 4
2012
$ 12,596,779 $ 13,438,345 $ 14,277,010 $ 15,708,945 $ 16,701,290 $ 17,975,445 $ 18,889,480 $ 19,353,358 $ 19,627,734 $ 20,235,012
277,084 416,319 274,996 549,911 683,425 226,488 - - - -
926083 1,505,512 1,359,329 1,931,265 1,244,218 1,113,595 646,302 607,132 923,590 1,130,426
300,252 577,171 366,111 482,860 389,657 358,688 208,622 334,075 281,260 322,498
509,395 520,926 513,129 841,595 965,416 1,203,260 1,028,425 1,244,146 998,221 1,051,899
915,695 952,452 940,212 1,173,394 1,190,327 1,322,732 7,129,322 917,884 1,694,993 1,030,439
468,656 217,316 443,570 904,361 1,224,361 804,864 471,524 76,968 95,823 110,550
504,778 328,040 167,293 5,409 4,361 1,437,935 350,468 ]00,807 541,709 124,056
707,829 797,042 502,789 396,627 735,756 548,093 401,432 379,853 602,401 406,789
96,857 92,198 183,902 83,730 107,700 116,280 155,100 97,833 70,453 89,041
]7,303,348 ]8,845,321 19,028,34] 22,078,097 23,246,511 25,107,380 29,280,675 23,I12,056 24,836,184 24,500,710
1,469,725
1,274,096
2,826,218
3,331,861
2,262,478
1,092,703
234,180
162,865
7,430,703
2,445,219
1,281,745
3,057,879
3,126,469
2,489,222
1,420,620
250,597
356,819
1,939,241
1,873,091
1,160,232
3,166,840
3,293,320
2,388,761
1,656,187
238,245
357,983
1,459,940
2,107,398
1,265,251
3,657,554
3,558,154
2,838,637
1,604,425
270,037
377,144
4,491,341
2,247,359
1,467,216
3,517,817
3,961,975
2,913,798
1,485,756
252,961
415,708
6,337,656
2,537,699
1,462,566
3,755,575
4,395,056
3,171,514
1,649,037
323,059
410,636
5,750,286
2,639,218
1,531,785
3,840,118
4,588,576
3,058,332
1,9I7,536
291,893
449,806
2,759,774
2,423,869
1,642,047
3,955,407
4,552,947
3,173,352
2,297,719
302,172
4 ] 7,946
4,935,053
2,383,276
1,397,256
3,972,053
4,596,862
3,177,878
2,052,298
302,666
405,911
2,510,027
2,753,457
1,396,259
3,888,225
4,304,710
3,049,908
1,388,970
319,084
394,830
2,515,115
1,664,219 1,277,593 1,289,866 ],141,817 1,094,001 2,584,790 1,033,148 944,751 838,320 757,594
1,438,561 1,617,633 1,573,308 ],929,047 2,005,204 1,189,798 2,275,553 2,180,061 2,259,004 2,007,585
23,187,609 19,263,037 18,457,773 23,240,805 25,699,451 26,630,016 24,385,739 26,825,324 23,895,551 22,775,737
(continued)
100
EXCESS OF REVENUES
OVER (UNDER)
EXPENDITURES
OTHER FINANCING
SOURCES (USES)
Bonds issued
Refunding bonds
Notes payable
Capital lease
Sale of capital assets
Premium on bond issue
Payments to escrow
Transfers in
Transfers out
Total other financing
sources (uses)
NET CHANGE IN
FUND BALANCES
CITY OF COLLEYVILLE, TEXAS
CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
(Continued)
LAST TEN FISCAL YEARS
(Modif'ied Accrual Basis of'Accounting)
Fiscal Year
2003 2004 2005 2006 2007 2008 2009 2010 201]
TABLE 4
2012
$( 5,884,261) $( 417,716) $ 570,568 $( 1,162,708) $( 2,452,940) $( 1,522,63� $ 4,894,936 $( 3,713,268) $ 940,633 $ 1,724,973
- - 9,570,000 - 9,890,000 - - - 2,945,000 -
- - 94, I 87 - - - - - - -
- - - 408,716 - 176,150 - 981,238 - 894,534
- - - 152,270 8,800 98,168 33,759 65,306 7,098 147,969
6,56] -
( 600,000) - ( 7,450,606) - ( 4,921,334) - - - ( 3,012,9]0) -
1,766,111 1,ll5,261 1,675,954 2,203,261 1,637,154 2,082,101 2,338,776 ],884,896 2,458,396 3,893,584
( 708,OS1) ( 641,895) ( 1,211,561) ( ],670,904) ( 973,069) ( 1,240,165) ( ],514,979) ( ],027,274) ( 1,599,517) ( 2,811,716)
458,060 473,366 2,677,974 ],093,343 5,641,551 1,ll6,254 857,556 ],904,166 804,628 2,124,371
$( 5,426,201) $ 55,650 $ 3,248,542 $( 69,365) $ 3,188,611 $( 406,382) $ 5,752,492 $( ],809,102) $ 1,745,261 $ 3,849,344
DEBT SERVICE AS
A PERCENTAGE
OF NONCAPITAL
IL'XPENDITIIREO ]9.7% 16.7% 16.8% 16.4% 76.0%
Note: Capital Outlay does not include contributed capital assets received from developers.
1�1
17.6% 15.3% 14.3% ]4.5% 13.6%
Fiscal
Year
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
CITY OF COLLEYVILLE, TEXAS
ASSESSED VALUE AND ESTiMATED ACTUAL VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
Less: Total Taxable Total
Residential Personal Tax-exempt Assessed Direct
Property Property Property Value Tax Rate
$ 2,480,630,162
2,726,410,622
2,793,606,203
3,O15,929,674
3,229,353,459
3,531,988,996
3,748,968,313
3,907,288,105
3,917,415,346
3,941,020,477
Source: Tarrant Appraisal District
$ 82,599,959
73,845,277
78,255,043
79, l 22,702
86,080,918
97,998,283
99,556,111
95,261,420
92,176,541
89,758,416
$ l 96,195,476
2l 9,774,274
2l 9,264,381
22],809,521
228,115,791
228,915,486
230,676,995
237,293,931
253,414,335
277,077,387
$ 2,367,034,645
2,580,48 ] ,625
2,652,596,865
2,873,242,855
3,087,318,586
3,401,071,793
3,617,847,429
3,765,255,594
3,756,177,552
3,753,70],506
$ 0.3474
0.3474
0.3474
0.3474
03474
0.3559
0.3559
0.3559
03559
0.3559
$
TABLE 5
Estimated
Actual
Taxable
Value
2,367,034,645
2,580,481,625
2,652,596,865
2,873,242,855
3,087,318,586
3,401,071,793
3,617,847,429
3,765,255,594
3,756,177,552
3,753,701,506
Note: Property in Tarrant County is reassessed once every two years. The Appraisal District assesses property at 100 percent of actual value for residential and
personal. Tax rates are per $100 of assessed value.
102
TABLE 6
CITY OF COLLEYVILLE, TEXAS
DIRECT AND OVERLAPPING PROPERTY TAX RATES
LAST TEN FISCAL YEARS
City Direct Rates Overlapping Rates
General Grapevine- Hurst-Euless
Operations and Obligation Total Birdville Carroll Colleyville Bedford Keller Tarrant County Tarrant County
Fiscal Maintenance Debt Direct Independent Independent Independent Independent Independent Tarrant College Hospital
Year Rate Service Rate School District School District School District School District School Distr-ict County District District
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
$ 0.27223 $ 0.075]7 $ 034740 $
0.28700 0.06040 0.34740
0.29072 0.05668 0.34740
0.27771 0.06969 0.34740
0.27873 0.06867 0.34740
0.28299 0.07291 0.35590
0.28860 0.06731 0.35590
0.29864 0.05726 035590
0.29758 0.05832 035590
03]385 0.04205 0.35590
1.6170 $
1.6170
1.6170
1.6170
1.5650
1.4050
1.4100
1.4050
1.4250
1.4350
1.9350 $
1.9025
1.9350
L9350
1.7)50
1.4650
1.4150
1.4150
1.4150
1.4000
1.65979 $
1.70105
1.70000
1.70000
1.57430
1.29000
1.29000
1.2)000
1.29000
132010
1.7119 $
1.6616
1.7105
1.7230
1.5976
1.3037
1.2955
1.2955
1.2882
1.4075
1.6519 $ 0.27250 $ 0.139380 $ 0.234000
1.6762 0.27250 0.139380 0.235397
1.6975 0.27250 0.139380 0.235397
1.7158 0.27250 0.139380 0.235397
1.6080 0.27150 0.139380 0.235397
1.3574 0.26650 0.139380 0.230397
1.4169 0.26400 0137960 0.227897
1.4863 0.26400 0.137670 0.227897
1.5306 0.26400 0.137600 0.227900
1.5400 0.26400 0148970 0.227897
Source: Tarrant Appraisal District
Notes: Overlapping rates are those of local and county governments that apply to properiy owners within the City of Colleyville, Texas. Not all school district overlapping rates apply to all
Colleyville property owners because the City is served by five different independent school districts; far example, although the county property tax rates apply to all City property
owners, the Grapevine-Colleyville lndependent School District rates apply only to the approximately two-thirds of City property owners whose property is located within that school
district's geographic boundaries.
103
Taxpayer
Melvin & Martindale
Oncor Electric Delivery
Lifetime Fitness Real Estate
Toll Dallas TX LLC
RCC Village Properties
Colleyville Plaza LP
Silveroak Land Company LP
Leonard Hudson
Dreiling Realty LLC
Uhlman Colleyville, LLC
Albertsons
Herman Smith & Ca LTD
RH-One LP
Paul and Shelia Johnson
Goodacre LTD Partnership
Southwestern Bell
Paul and Rebecca Kramer
Village Management, LTD
Total
Source: Tarrant Appraisal Dish-ict
CITY OF COLLEYVILLE, TEXAS
PRiNCIPAL PROPERTY TAXPAYERS
CURRENT YEAR AND NINE YEARS AGO
Taxable
Assessed
Value
$ 22,557,000
15,889,593
l 2,233,988
10,654,992
5,933,440
5,784,000
5,034,510
5,030,700
4,905,260
4,794,553
$ 92,818,036
2012
104
Percentage
of Total Ciry
Taxable
Assessed
Value
0.60%
0.42%
0.33%
0.28%
0.16%
0.15%
0.13%
0.13%
0.13%
0.13%
- %
- %
- %
- %
- %
- %
- %
- %
2.47%
Taxable
Assessed
Value
$ -
] 7,636,353
6,700,000
16,6ll,570
9,420,769
5,999,935
4,000,000
3,880,617
3,858,383
3,842,326
3,719,827
$ 75,669,780
2003
TABLE 7
Percentage
of Total City
Taxable
Assessed
Value
- %
0.75%
- %
- %
- %
0.28%
- %
- %
- %
- %
0.70%
0.40%
�.2$%
0.17%
�.16%
0.16%
0.16%
0.16%
3.19%
Fiscal
Year Ended
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
CITY OF COLLEYVILLE, TEXAS
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
Collected With the
Taxes Levied Fiscal Year of the Levy
for the Percentage
Fiscal Year Amount of Levy
$ 8,233,543 $ 8,151,208 98.8%
8,719,444 8,632,250 99.2%
9,201,770 9,109,752 99.1 %
9,981,646 9,906,769 99.2%
10,725,345 10,592,222 98.8%
12,024,882 11,903,333 99.0%
l 2,875,919 12,734,871 98.9%
13,351,922 13,166,5 l 5 98.6%
]3,183,932 ]3,063,575 99.1%
13,163,735 13,082,029 99.4%
TABLE 8
Collections Total Collections to Date
in Subsequent Percentage
Years Amount of Levy
$ 79,096 $ 8,230,304 99.96%
84,312 8,716,562 99.97%
87,826 9,197,578 99.95%
70,762 9,977,531 99.96%
125,323 10,717,545 99.93%
105,161 12,008,494 99.86%
] ] 3,226 l 2,848,097 99.78%
83,107 13,249,623 99.23%
83,215 ]3,146,790 99.72%
- 13,082,029 99.38%
Sources: Tarrant County Appraisal District and City of Colleyville Finance Department.
105
Taxpayer
Grapevine-Colleyville ISD
Bluebonnet Hills
Market Street
TOWlI CellteY
Lifetime Fitness
Pebble Hill
Timarron
Broughton Maint Assoc
W OSiYYIOtIi
Shadowood Trail
Albertsons (Glade Rd)
Highland Meadows HOA
La Hacienda Ranch
Woodland Hills
Good Acres LTD
Wash Depot
Good Sheperd Catholic Church
Barbara Gordon School
Total
Source: City utility billing records
CITY OF COLLEYVILLE, TEXAS
PRINCiPAL WATER CUSTOMERS
CURRENT YEAR AND NINE YEARS AGO
Water
Usage
47,359,600
15,770,600
l 3,067,600
� %,%99,g��
� �,666,g��
9,848,800
9,336, l 00
8,406,800
6,393,700
5,606,600
144,256,400
2012
106
Percentage
of Total City
Water
Usage
1.80%
0.60%
0.50%
0.68%
0.40%
0.37%
0.35%
0.32%
0.24%
0.21 %
- %
- %
- %
- %
- %
- %
- %
- %
5.48%
Water
Usage
38,923,500
6,105,300
5,349,300
3,967,500
3,632,500
3,581,000
3,180,900
3,110,500
2,444,500
1,742,900
72,037,900
2003
TABLE 9
Percentage
of Tota] City
Water
Usage
2.00%
- %
- %
- %
- %
- %
- %
- %
- %
0.31 %
0.28%
0.20%
0.19%
0.] 8%
0.16%
0.] 6%
0.13%
�.�9%
3.71 %
Governmental Activities
General Sales Tax
Fiscal Obligation Revenue
Year Bonds Bonds
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
$ 13,820,000
12,925,000
11,995,000
10,665,000
l 7,770,000
16,275,000
14,665,000
13,300,000
11,5] 0,000
9,975,000
$ 13,937,722
13,077,722
14,980,000
14,760,000
10,372,462
9,795,916
9,199,370
8,572,824
8,271,278
7,930,000
$
TABLE 10
CITY OF COLLEYVILLE, TEXAS
RATiOS OF OUTSTANDING DEBT BY TYPE
LAST TEN FISCAL YEARS
Business-type Activities
Water and Sewer Drainage Total Percentage
Capital Revenue Revenue Capital Primary of Personal Per
Leases Bonds Bonds Leases Government Income Capita
69, l 87
404,395
349,189
430,549
359,996
],151,173
972,170
] ,709, ] 20
$ 9,605,000
8,925,000
8,160,000
7,365,000
6,540,000
5,840,000
5,200,000
4,520,000
3,600,000
2,850,000
$ 2,800,000
2,660,000
2,515,000
2,365,000
2,205,000
2,040,000
l ,870,000
1,695,000
1,550,000
] ,345,000
$ -
41,077
26,933
13,140
Notes: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
See Table 14 for personal income and population data.
107
$ 40,162,722
37,587,722
37,760,264
35,586,328
37,249,791
34,381,465
3l ,294,366
29,238,997
25,903,448
23,809,120
3.81%
3.43%
3.28%
2.98%
2.89%
2.65%
2.52%
2.33%
1.71%
1.57%
$
1,993
1,834
1,798
1,655
1,682
l ,528
1,388
1,291
1,136
1,037
CITY OF COLLEYVILLE, TEXAS
RATiOS OF GENERAL BONDED DEBT OUTSTANDING
LAST TEN FISCAL YEARS
General Bonded Debt Outstanding
General Less Amounts
Fiscal Obligation Restricted to
Year Bonds Repaying Principal Total
2003 $ 13,820,000 $ 1,025,530 $ 12,794,470
2004 12,925,000 995,889 11,929,111
2005 11,955,000 989,618 10,965,382
2006 10,665,000 1,082,681 9,582,319
2007 17,770,000 1,254,686 16,515,314
2008 16,275,000 987,681 15,287,319
2009 14,665,000 1,121,567 13,543,433
2010 13,300,000 1,154,570 12,145,430
2011 11,510,000 1,188,907 10,321,093
2012 9,975,000 1,239,412 8,735,588
TABLE il
Percentage of
Actual Taxable
Value of Per
Property Capita
0.54% $ 635
0.46% 582
0.41% 522
0.33% 446
0.53% 746
0.50% 679
0.44% 601
0.39% 536
0.33% 453
0.28% 381
Notes:
Details regarding the City's outstanding debt can be found in the notes to the iinancial statements.
See Table 5 for property value data.
Population data can be found in Table 14.
108
CITY OF COLLEYVILLE, TEXAS
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEB'I
AS OF SEPTEMBER 30, 2012
Government Unit
Debt repaid with properry taxes
Birdville Independent School District
Carroll Independent School District
Grapevine-Colleyville Independent School District
Hurst-Euless-Bedford Independent School District
Keller Independent School District
Tarrant County
Tarrant County College Disri-ict
Tarrant County Hospital District
Subtotal overlapping debt
City direct debt
Total direct and overlapping debi
Debt
Outstandin�
$ 213,969,754
241,860,039
354,381,492
3 ] 2,938,426
700,087,009
3 l 7,725,000
22,705,000
26,285,000
19,614,120
Estimated
Percentage
Applicable
0.080%
0.490%
21.650%
1.580%
2.890%
3.070%
3.070%
3.070%
TABLE 12
Estimated
Share of
Direct and
Overlapping
Debt
$ 171,176
],185,114
76,723,593
4,944,427
20,232,515
9,754,158
697,044
806,950
l 14,514,975
- % 19,614,120
$ 134,129,095
Sources: Assessed value data used to estimate applicable percentages provided by the Tarrant County Appraisal District
and debt outstanding data provided by each governmental unit.
109
THIS PAGE INTENTIONALLY LEFT BLANK
110
CITY OF COLLEYVILLE, TEXAS
LEGAL DEBT MARGIN INFORMATiON
LAST TEN FISCAL YEARS
Legal Debt Margin Calculation for Fiscal Year 2012
Assessed value
Debt limit (.2.5°/o of assessed value)
Debt applicable to limit
General obligation bonds
Less: Amount set aside for
repayment of general
obligation debt
Total net debt applicable to limit
Legal debt margin
Fiscal Year
2003 2004 2005 2006 2007 2008 2009
TABLE 13
$ 3,753,701,506
93,842,538
9,975,000
( 1,239,412)
8,735,588
$ 85,106,950
2010 201] 2012
Debtlimit $ 59,175,866 $ 64,512,041 $ 66,314,922 $ 71,831,071 $ 77,182,965 $ 85,026,795 $ 74,212,544 $ 79,676,820 $ 93,876,249 $ 85,106,950
Totalnetdebtapplicabletolim ]3,820,000 ]2,925,000 11,995,000 9,582,319 15,745,132 ]5,287,139 13,543,433 ]2,145,430 10,321,093 9,975,000
Lega] debt margin $ 45,355,866 $ 51,587,041 $ 54,319,922 $ 62,248,752 $ 61,437,833 $ 69,739,656 $ 60,669,1 ]] $ 67,531,390 $ 83,555,] 56 $ 75,131,950
Total net debt applicable to the limit
as a percentage of debt limtt. 23.35% 20.04% 18.09% 13.34% 20.40% 17.98% 18.25% 15.24% 10.99% 11.72%
Note:
Under state finance ]aw, the City's outstanding general obligarion debt should not exceed 2.50 percent of total assessed property value.
111
Fiscal
Year
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Utility
Service
Charges
$ 8,840,900
8,924,942
10,198,733
13,136,476
10,046,030
11,452,268
11,458,282
11,427,074
14,391,910
14,036,325
CITY OF COLLEYVILLE, TEXAS
PLEDGED REVENUE COVERAGE
LAST TEN FISCAL YEARS
Less:
Operating
Expenses
$ 6,444,484
6, ll 7,278
7,251,998
8,067,565
8,040,621
9,670,881
8,943,803
9,458,355
10,120,678
10,395,517
Water Revenue Bonds
Net
Available Debt Service
Revenue Principal Interest
$ 2,396,416
2,807,664
2,946,735
5,068,911
2,005,409
1,781,387
2,514,479
1,968,719
4,271,232
3,640,808
$ 622,000 $ 457,143
680,000 406,306
765,000 361,976
795,000 329,451
825,000 296,546
700,000 265,658
640,000 241,223
680,000 213,358
920,000 57,819
750,000 77,947
Coverage
$ 1,317,273
1,721,358
1,819,759
3,944,460
883,863
815,729
1,633,256
1,075,361
3,293,413
2,812,861
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.
112
Drainage Revenue Bonds
Drainage Drainage Net
Service Operations Available Debt Service
Charges Expenses Revenue Principal Interest Coverage
$ 704,031
694,196
7l 0,265
897,606
922,123
902,232
889,163
899,870
905,271
920,682
$ 235,105
312,235
338,310
444,700
462,387
510,259
500,677
484,712
551,049
660,455
$ 468,926 $ 140,000
38l ,961 140,000
371,955 175,000
452,906 150,000
459,736 160,000
391,973 165,000
388,486 170,000
415,158 175,000
354,222 152,163
260,227 205,000
$ 144,417 $ 184,509
122,263 1 l 9,698
] 16,432 80,523
111,252 191,654
104,206 355,530
96,984 294,989
90,138 298,348
82,930 332,228
58,979 295,243
S l ,244 208,983
113
TABLE 14
Sales Tax Bonds
Sales Tax Debt Service
Increment Principal Interest Coverage
$ 768,846 $ 185,000
873,626 l 95,000
982,844 210,000
1,132,094 240,000
1,208,379 255,000
1,300,260 270,000
1,264,385 275,000
1,317,161 290,000
1,319,517 300,000
1,426,909 315,000
$ 419,1 l4
406,472
387,085
402,929
391,366
380,013
368,195
356,290
344,195
331,588
$ 164,732
272,154
385,759
489,165
562,013
650,247
621,190
670,871
675,322
780,321
Calendar
Year
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
CITY OF COLLEYVILLE, TEXAS
DEMOGRAPHIC AND ECONOMIC STATTSTICS
LAST TEN FISCAL YEARS
Population
20,150
20,500
21,000
21,500
22,150
22,500
22,550
22,650
22,807
22,950
Personal
Income
$ 157,414
161,095
165,008
167,009
175,008
173,853
166,063
166,063
162,744
162,744
Per Capita
Personal
Income
$ 52,297
53,520
54,820
55,485
58,142
57,758
55,170
55,354
66,236
66,236
TABLE 15
Tarrant
County
Unemployment
Rate
6.3 %
5.6%
5.1%
4.5%
4.3 %
5.1%
8.2%
7.9%
8.3%
6.2%
Sources: Population - North Central Texas Council of Governments, personal income - City of Colleyville
Economic Development Department, Unemployment Rate - Texas Workforce Commission
(unemployment rate is not available solely for the City of Colleyville)
114
CITY OF COLLEYVILLE, TEXAS
PRINCiPAL EMPLOYERS
CURRENT YEAR AND NINE YEARS AGO
Employer
Grapevine Colleyville ISD
Market Street
Lifetime Fitness
City of Colleyville
Kroger
Albertsons
Covenant Christian Academy
LaHacienda Ranch
TGW Insurance
Sonshine Academy
Mac's Steak and Seafood
Compass Christian Church
Michael's Keys
TOYaI
Source: City Economic Development Division
*This information is unavailable.
2012
Percentage
of Total City
Employees Employment
1,681
369
230
196
110
1�%
100
95
60
55
50
40
3,093
115
32.6%
7.1%
4.5%
3.8%
- %
2.1 %
2.1%
1.9%
1.8%
1.2%
1.1%
1.0%
0.8%
59.9%
TABLE 16
2003
Percentage
of Total City
Employees Employment*
720
162
15�
200
1��
40
93
] ,465
- %
- %
- %
- %
- %
- %
- %
- %
- %
- %
- %
- %
- %
- %
TABLE 17
CITY OF COLLEYVILLE TEXAS
FULLTIME EQU�VALENT CITY GOVERNMENT EMPLOYEES
BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS
Fulltimc Equivalent Employees as of September 30,
Function/Program 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
General government
Management services 6 6 6 6 5 5 4 4 4 4
Finance/court 7 7 7 7 6 6 6 6 6 6
Planning 5 3 3 3 3 3 3 2 2 2
Building 5 5 5 5 5 6 6 5 4 3
Other 3 4 5 5 6 6.5 7.5 9.5 11 11
Police
Officers 30 30 31 32 35 37 38 38 38 39
Civilians 10 10 10 11 13 ]4 l4 13 6 6
Fire
Firefighters and officers 30 30 33 33 33 33 33 33 33 35
Civilians 1 ] ] 1 1 l 1 2 l 1
Other public works
Engineering 6 5 5 5 5 5 5 4 4.5 3.0
Other 3 3 3 3 3 3 3 3 3 3
Streets 10 ]0 10 10 10 10 ]0 10 10 ]0
Parks and recreation 12.5 12.5 12.5 12.5 13.5 13.5 13.5 l 6.5 ] 6 16
Library 5.5 5.5 5.5 5.5 7.5 8.0 8.0 9.5 9.5 9.5
Colleyville center 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5
Water/wastewater 22.5 25.5 25.5 28 29 29 29 28 24 24
Drainage 4 4 6 6 6 6 6 6 6 6
Total 165 A 166.0 ] 73.0 177.5 185.5 190.5 191.5 ] 94.0 182.6 182.6
Source: City Human Resources Office
Notes: A fulltime employee is scheduled to work 2080 hours per year (including vacation and sick leave). Fulltime equivalent employment is
calculated by dividing total labor hours by 2080.
ll6
Function/Program 2003
General government
Building perniits issucd 132
Building inspections conducted 5,011
Police
Physical anests 643
Calls for service ] 1,407
Traffic violations 7,806
Fire
F,mergency responses 629
Ambulance calls 559
Inspcctions 750
Other public wor]<s
Street resurfacing (miles) I
Parks and recreation
Athletic field participants 668
Community center rentals 737
Library
Volumes in collection 21,757
Total volumes borrowed ]7,933
Water
Customece 7,781
Average daily consumption
(thousands of gallons) 5,321
Peak daily consumption
(tl�oueands of gallone) 15,123
Wastewater
Customers 7,112
Source: Various City departments
CITY OF COLLEYVILLE, TEXAS
OPERATING iNDiCATORS BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS
Fiscal Year
2004 2005 2006 2007 2008
275 245 270 140 131
7,401 8,734 9,599 8,941 8,108
643 404 485 666 514
11,407 10,668 10, 546 17,629 15,292
7,806 7,3] 1 l 1,218 12,438 15,621
629 510 656 715 681
559 609 589 630 667
750 560 312 503 666
2 3 3 4.5 8.5
685 690 602 4,960 5,159
614 580 637 592 627
22,334 34,656 43,378 46,311 50,348
102,]65 139,130 177,087 197,712 211,674
8,067 8,271 8,56] 8,700 8,893
4,964 5,951 8,081 S,123 6,619
13,204 16,126 16, 732 13,068 16,764
7,294 7,563 7,761 7,966 8,138
117
2009 2010
90
5,641
809
23,480
12,550
737
693
796
13.9
4,617
507
54,659
238,459
8,960
6,578
16,674
8,315
77
6,149
764
12,242
13,822
762
751
784
8.0
4,296
373
58,147
244,458
9,014
5,990
l 8,207
8,389
2011
104
6,737
666
27,254
] 1,354
830
765
397
6.2
4,378
410
62,997
235,238
9,103
7,928
18,935
8,457
TABLE 18
2012
155
8,310
653
48,076
11,980
724
803
342
1.0
3,946
404
65,740
244,6] 3
9,285
7,217
18,707
8,603
TABLE 19
CITY OF COLLEYVILLE, TEXAS
CAPITAL ASSET STATISTTCS BY FUNCTTON/PROGRAM
LAST TEN FISCAL YEARS
Fiscal Year
Function/Program 2003 2004 2005 2006 2007 2008 200) 2010 2011 2012
Police
Stations 1 1 1 l 1 1 1 l 1 1
Patrol units 6 7 7 7 10 ] 3 13 13 13 ] 2
Fire
Stations 2 2 2 2 2 3 3 3 3 3
Public works
Streets (miles) 288 295 300 307 31 1 312 312 318 282 282
Streetlights 745 751 860 990 1,0] 1 1,010 1,168 1,188 1,169 1,169
Traffic signals 2 2 2 2 2 2 2 2 2 2
Parks and recreation
Acreage 207 207 212 212 224 224 224 224 224 224
Playgrounds 5 5 5 5 6 6 6 6 6 6
Baseball/softball diamonds 9 9 9 9 9 9 9 9 9 9
Soccer fields 14 ] 4 14 14 14 ] 4 14 14 14 14
Community centers l 1 1 1 l 1 1 1 l 1
Water
Water mains (miles) ] 52 170 173 ] 75 191 192 199 200 195 20l
Fire hydrants 940 1,108 1,149 1,206 ],254 1,271 1,340 1,345 1,362 1,389
Storage capacity 4,900 4,900 4,900 4,900 4,900 4,900 9,900 9,900 9,400 9,400
(thousands of gallons)
W astewater
Sanitary sewers (miles) 133 147 150 ] 54 ] 63 164 166 ] 70 l62 169
Storm sewers (miles) 55 56 57 58 59 59 63 63 58 64
Source: Various City departments
Note: No capital asset indicators are available for the general government or library function.
118
COMPLIANCE
119
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120
�,=ll
PATTILLO, BROWN 8r HILL,r._L.��.
CERTIFIED PUBLIC ACCOUNTANTS ■ BUSINESS CONSULTANTS
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT
OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT A UDITING STANDARDS
To the Honorable Mayor and
Members of the City Council
City of Colleyville, Texas
We have audited the financial statements of the governmental activities, the business-type
activities, the aggregate discretely presented component unit, each major fund, and the aggregate
reinaining fund information of City of Colleyville, Texas (the "City") as of and for the year ended
September 30, 2012, which collectively comprise the City's basic financial statements and have issued
our report thereon dated January 25, 2013. We conducted our audit in accordance with auditing
standards generally accepted in the United States of America and the standards applicable to financial
audits contained in Government Auditing Standards, issued by the Comptroller General of the United
States.
Internal Control Over Financial Reporting
Management of the City is responsible for the establishing and maintaining effective internal
control over financial reporting. In planning and performing our audit, we considered the City's internal
control over financial reporting as a basis for designing our auditing procedures for the purpose of
expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on
the effectiveness of the City's internal control over financial reporting. Accordingly, we do not eXpress
an opinion on the effectiveness of the City's internal control over financial reporting.
A deficiency in inte�nal control exists when the design or operation of a control does not allow
management or employees, in the nortnal course of performing their assigned functions, to prevent, or
detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control such that there is a reasonable possibility that a material
misstatement of the entity's financial statements will not be prevented, or detected and corrected on a
timely basis.
Our consideration of internal control over financial reporting was far the limited purpose
described in the first paragraph of this section and was not designed to identify all deficiencies in
internal control over financial reporting that might be deficiencies, significant deficiencies, or material
weaknesses. We did not identify any deiiciencies in internal control over financial reporting that we
consider to be material weaknesses, as defined above.
121
401 WEST HTGHWAY 6� P. O. BOX 20725 � WACO, TX 76702-0725 �(254) 772-4901 � FAX: (254) 772-4920 � www.pbhcpa.com
AFFILIATE OFFICES: BROWNSV[LLE, TX (956) 544-7778 � HILLSBORO, TX (254) 582-2583
TEMPLE, TX (254) 79 L-3460 � ALBUQUERQUE, NM (505) 266-5904
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City's financial statements are free
of material misstatement, we performed tests of its compliance with certain provisions of laws,
regulations, contracts, and grant agreements, noncompliance with which could have a direct and material
effect on the determination of iinancial statement amounts. However, providing an opinion on
compliance with those provisions was not an objective of our audit, and accordingly, we do not express
such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that
are required to be reported under Government Auditing Standards.
This report is intended solely for the information and use of management, City Council, others
within the entity, and federal awarding agencies and pass-through entities and is not intended to be and
should not be used by anyone other than these specified parties.
�a��o1 ���
January 25, 2013
� �};� , L. �-.-P
122