HomeMy WebLinkAboutComprehensive Annual Financial Report (CAFR)-Audit Records-9/30/2013CITY OF
COLLEYVILLE, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED SEPTEMBER 30, 2013
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, 2013
Page
Number
INTRODUCTORY SECTION
Letter of Transmittal ........................................................................................................... 3 – 6
Organizational Chart ........................................................................................................... 7
Certificate of Achievement ................................................................................................. 8
Principal Officials ............................................................................................................... 9
FINANCIAL SECTION
Independent Auditors’ Report ............................................................................................. 13 – 15
Management’s Discussion and Analysis ............................................................................ 19 – 27
Basic Financial Statements
Statement of Net Position ................................................................................................ 30 – 31
Statement of Activities ..................................................................................................... 32 – 33
Balance Sheet – Governmental Funds ............................................................................. 34 – 35
Statement of Revenues, Expenditures and Changes in
Fund Balances – Governmental Funds ......................................................................... 36 – 37
Reconciliation of the Statement of Revenues, Expenditures
and Changes in Fund Balance of Governmental Funds to the
Statement of Activities .................................................................................................. 38
Statement of Revenues, Expenditures and Changes in
Fund Balances – Budget and Actual – General Fund ................................................... 39
CITY OF COLLEYVILLE, TEXAS
TABLE OF CONTENTS
(Continued)
YEAR ENDED SEPTEMBER 30, 2013
Page
Number
FINANCIAL SECTION (Continued)
Basic Financial Statements (Continued)
Statement of Net Position – Proprietary Funds ................................................................ 40
Statement of Revenues, Expenses and Changes in
Fund Net Position – Proprietary Funds ......................................................................... 41
Statement of Cash Flows – Proprietary Funds ................................................................. 42 – 43
Statement of Fiduciary Net Position – Fiduciary Funds .................................................. 44
Notes to the Financial Statements .................................................................................... 45 – 68
Required Supplementary Information
Schedule of Funding Progress for the Retirement Plan ................................................... 71
Nonmajor Governmental Funds
Combining Balance 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 Position ............................................................. 88
Combining Statement of Changes in Assets and Liabilities ............................................ 89
CITY OF COLLEYVILLE, TEXAS
TABLE OF CONTENTS
(Continued)
YEAR ENDED SEPTEMBER 30, 2013
Page
STATISTICAL SECTION (Unaudited) Exhibit/Table Number
Net Position by Component .................................................................... 1 92 – 93
Changes in Net Position .......................................................................... 2 94 – 97
Fund Balances – Governmental Funds ................................................... 3 99
Changes in Fund Balances – Governmental Funds ................................ 4 100 – 101
Assessed Value and Estimated Actual Value
of Taxable Property .............................................................................. 5 102
Direct and Overlapping Property Tax Rates ........................................... 6 103
Principal Property Taxpayers .................................................................. 7 104
Property Tax Levies and Collections ...................................................... 8 105
Principal Water Customers ..................................................................... 9 106
Ratios of Outstanding Debt by Type ...................................................... 10 107
Ratios of General Bonded Debt Outstanding .......................................... 11 108
Direct and Overlapping Governmental Activities Debt .......................... 12 109
Legal Debt Margin Information .............................................................. 13 111
Pledged Revenue Coverage .................................................................... 14 112 – 113
Demographic and Economic Statistics ................................................... 15 114
Principal Employers ................................................................................ 16 115
Fulltime Equivalent City Government Employees by
Function/Program ................................................................................ 17 116
Operating Indicators by Function/Program ............................................ 18 117
Capital Asset Statistics by Function/Program ......................................... 19 118
CITY OF COLLEYVILLE, TEXAS
TABLE OF CONTENTS
(Continued)
YEAR ENDED SEPTEMBER 30, 2013
Page
Number
COMPLIANCE
Independent Auditors’ 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 Auditing Standards ...................................................................................... 121 – 122
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INTRODUCTORY SECTION
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Integrity Service Innovation
February 4, 2014
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, 2013, 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 benefits likely to be derived,
and the evaluation of costs and benefits requires estimates and judgments by management. We believe that
the City's current system of internal controls adequately safeguards assets and provides reasonable assurance
of proper recording of financial transactions.
As required by the City’s charter, the financial statements have been audited by Pattillo, Brown & Hill,
L.L.P., a firm of certified public accountants. The goal of the independent audit was to provide reasonable
assurances that the financial statements of the City of Colleyville for the fiscal year ended September 30,
2013, 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,
2013, 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.
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100 Main Street Colleyville, Texas 76034 817.503.1000 Colleyville.com
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PROFILE OF THE GOVERNMENT
On January 10, 1956, the City of Colleyville was incorporated and adopted a home-rule charter on
January 15, 1977. It has a Council-Manager form of government with policy making and legislative
authority vested in a governing body consisting of a Mayor and six Council members. The Mayor and
Council are responsible for passing ordinances, adopting the budget, appointing board and committee
members, and hiring the City Manager. The City Manager is responsible for carrying out the policies
and ordinances of the Mayor and Council, overseeing the day-to-day operations of the City, and
appointing department heads. The Mayor and six Council members are elected on an at large, non-
partisan basis for three year terms. The three year terms are staggered so that the Mayor and City
Council persons from Place 1 and 2 are elected in year one, City Council persons from Places 3 and 4
are elected in year two, and City Council persons from Places 5 and 6 are elected in year three.
The City provides a full range of municipal services. These services include police and fire protection,
municipal court, streets, drainage utility, leisure services (parks and recreation, Colleyville Center and
library), water and sewer, engineering/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
Colleyville 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 budget, with or without amendment. The budget ordinance is to be
adopted no later than the 30th day of September and requires an affirmative vote of a majority of the
Council. The City maintains budgetary control by adopting an annual operating budget for the General
Fund, Debt Service Fund, Drainage Utility Fund, and Water and Sewer Enterprise Fund. Detail control
is maintained at the line item level by encumbering available funds at the time a purchase order is
written. Encumbrances lapse at fiscal year end, but can be re-appropriated through a budget amendment
during the following fiscal year. The City Manager is authorized to transfer budgeted amounts between
departments within any fund. However, any revisions that alter the total expenditures of any fund must
be approved by the City Council.
LOCAL ECONOMY
The City of Colleyville is a residential-oriented 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 2013, as did
commercial development. During the fiscal year, the City issued 103 residential building permits and
the average square footage of a residence was almost five thousand square feet.
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In October 2012, 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.
The final design for the Jackson Road and Cheek-Sparger Road intersection was completed, which will
also be constructed as a roundabout.
For the Future. In Fiscal Year 2014, Whole Foods will open in an existing shopping center which will
bring additional sales tax and new tenants to Colleyville. Major transportation projects will be the
construction of the roundabout at the Jackson Road and Cheek-Sparger Road intersection and
improvements to Pleasant Run Road including a trail segment from Mission Lane to Bogart Drive.
There is also an update to the comprehensive master plan that will include preparation of a common
vision and goals, future land uses, downtown revitalization, transportation, corridor recommendations
for Colleyville Boulevard, coordination with ongoing utility infrastructure planning, retail opportunities
and economic development, and the development of future land use recommendations.
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
required by GASB 54. At the end of Fiscal Year 2013, 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.
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. These two plans, which were adopted in Fiscal
Year 2011 and Fiscal Year 2012, respectively, 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. There is an annual update to the six-year General Fund budget
forecast that is presented to City Council as a part of the budget process.
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, with input from an appointed citizen
committee that reviewed street infrastructure needs and financing opportunities. In Fiscal Year 2013,
there was an update to this plan and it was expanded to include water, wastewater, drainage, trails, and
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sidewalks. The recommendations were incorporated into an infrastructure program that was approved by
Council as a part of the Fiscal Year 2014 budget process.
AWARDS AND ACKNOWLEDGEMENTS
Awards. The Government Finance Officers Association of the United States and Canada (GFOA)
awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Colleyville
for its comprehensive annual financial report for the fiscal year ended September 30, 2012. This was the
twenty third consecutive year that 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, 2012. 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
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CITY
COUNCIL
CITIZENS OF COLLEYVILLE
ZONING BOARD
OF
ADJUSTMENT
PLANNING AND
ZONING
COMMISSION
LIBRARY
BOARD
AD HOC
COMMITTEES
PARKS AND
RECREATION
BOARD
SIGN BOARD
OF APPEALS
CRIME
CONTROL AND
PREVENTION
DISTRICT
TAX
INCREMENT
FINANCING
DISTRICT
CITY
MANAGER
Jennifer Fadden
CITY ATTORNEY
Matthew Boyle
MUNICIPAL
JUDGE
Michael Newman
COLLEYVILLE CENTER
MANAGER
Leslie Hill
HUMAN RESOURCES
DIRECTOR
Michelle Reyes
LIBRARY, PARKS AND
RECREATION
DIRECTOR
Mary Rodne
COMMUNICATIONS
DIRECTOR
Mona Gandy
COMMUNITY
DEVELOPMENT
DIRECTOR
Ron Ruthven
ASSISTANT CITY
MANAGER/
CHIEF FINANCIAL
OFFICER
Terry Leake
POLICE CHIEF
Michael Holder
ECONOMIC
DEVELOPMENT
DIRECTOR
Marty Wieder
PUBLIC
WORKS
DIRECTOR
Bob Lowry
FIRE CHIEF
Brian Riley
FINANCE MANAGER
Karen Hines
CITY SECRETARY
Amy Shelley
WATER AND WASTEWATER OPERATIONS
STREET MAINTENANCE
DRAINAGE
BUILDING MAINTENANCE
FLEET MAINTENANCE
ENGINEERING & CONSTRUCTION INSPECTION
OPERATIONS
INSPECTIONS
INVESTIGATIONS
EMERGENCY MANAGEMENT
UTILITY BILLING
MUNICIPAL COURT
PATROL
INVESTIGATIONS
CODE ENFORCEMENT
BUILDING INSPECTION
PLANNING
INFORMATION
SERVICES MANAGER
Chris Pena
MARKETING
STRATEGIC SERVICES
MANAGER
Adrienne Lothery
GIS
COLLEYVILLE
ECONOMIC
DEVELOPMENT
CORPORATION
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Government Finance Officers Association
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, 2012
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CITY OF COLLEYVILLE, TEXAS
HOME RULE, COUNCIL – MANAGER
FORM OF GOVERNMENT
CITY OFFICIALS
YEAR ENDED SEPTEMBER 30, 2013
David Kelly
Mayor
Carol Wollin
Councilmember, Place 1
Chuck Mogged
Councilmember, Place 2
Stan Hall
Councilmember, Place 3
Jody Short
Councilmember, Place 4
Tom Hart
Councilmember, Place 5
Mike Taylor
Mayor Pro Tem and
Councilmember, Place 6
Jennifer Fadden
City Manager
Terry Leake
Assistant City Manager/Chief Financial Officer
Karen Hines
Finance Manager
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11
FINANCIAL SECTION
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401 WEST HIGHWAY 6 P. O. BOX 20725 WACO, TX 76702-0725 (254) 772-4901 FAX: (254) 772-4920 www.pbhcpa.com
AFFILIATE OFFICES: BROWNSVILLE, TX (956) 544-7778 HILLSBORO, TX (254) 582-2583
TEMPLE, TX (254) 791-3460 ALBUQUERQUE, NM (505) 266-5904
INDEPENDENT AUDITORS’ REPORT
To the Honorable Mayor and
Members of the City Council
City of Colleyville, Texas
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the
business-type activities, the 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,
2013, and the related notes to the financial statements, which collectively comprise the City of
Colleyville, Texas’ basic financial statements as listed in the table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements
in accordance with accounting principles generally accepted in the United States of America; this
includes the design, implementation, and maintenance of internal control relevant to the preparation and
fair presentation of financial statements that are free from material misstatement, whether due to fraud
or error.
Auditors’ Responsibility
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 from
material misstatement.
13
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An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on the auditor’s judgment,
including the assessment of the risks of material misstatement of the financial statements, whether due
to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the
entity’s preparation and fair presentation of the financial statements in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also
includes evaluating the appropriateness of accounting policies used and the reasonableness of significant
accounting estimates made by management, as well as evaluating the overall presentation of the
financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our audit opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects,
the respective financial position of the governmental activities, the business-type activities, the
discretely presented component unit, each major fund, and the aggregate remaining fund information of
the City of Colleyville, Texas, as of September 30, 2013, and the respective changes in financial
position, and, where applicable, cash flows thereof for the year then ended in accordance with
accounting principles generally accepted in the United States of America.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
management’s discussion and analysis on pages 19-27 and the Schedule of Funding Progress for the
Texas Municipal Retirement System on page 71 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.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the City of Colleyville, Texas’ basic financial statements. The introductory
section, combining and individual nonmajor fund financial statements and schedules, and statistical
section, are presented for purposes of additional analysis and are not a required part of the basic
financial statements.
15
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 basic financial statements. Such information has been subjected to
the auditing procedures applied in the audit of the basic financial statements and certain additional
procedures, including comparing and reconciling such information directly to the underlying accounting
and other records used to prepare the basic financial statements or to the basic financial statements
themselves, and other additional procedures in accordance with auditing standards generally accepted in
the United States of America. In our opinion, the combining and individual nonmajor fund financial
statements and schedules are fairly stated in all material respects in relation to the basic 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.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated
January 30, 2014, on our consideration of the City of Colleyville, Texas’ 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 in considering
City of Colleyville, Texas’ internal control over financial reporting and compliance.
Waco, Texas
January 30, 2014
16
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17
MANAGEMENT’S
DISCUSSION AND ANALYSIS
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19
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, 2013. We encourage readers to consider the information presented here in conjunction with
additional information that we have furnished in our letter of transmittal, which can be found on pages 3
– 6 of this report.
FINANCIAL HIGHLIGHTS
The assets of the City of Colleyville exceeded its liabilities as of September 30, 2013,
by $169,183,942 (net position). Of this amount, $32,383,344 (unrestricted net
position) may be used to meet the City’s ongoing obligations to citizens and creditors
in accordance with the City’s fund designation and fiscal policies.
The City’s total net position increased by $2,869,841.
As of the close of the current fiscal year, the City of Colleyville’s governmental funds
reported combined ending fund balances of $32,180,612. Of this amount,
$11,001,741 is unassigned fund balance available for use within the City’s fund
designation and fiscal policies.
As of September 30, 2013, unreserved, unassigned fund balance for the General Fund
was $11,006,716 or 57.6% 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 30 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 Position presents information on all of the City’s assets and liabilities, with the
difference between the two reported as net position. Over time, increases or decreases in net position
may serve as a useful indicator of whether the financial position of the City is improving or
deteriorating.
The Statement of Activities presents information showing how the City’s net position changed during
the fiscal year. All changes in net position are reported when the underlying event giving rise to the
change occurs, regardless of the timing of related cash flows.
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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).
Both of the government-wide financial statements distinguish functions of the City that are principally
supported by taxes and intergovernmental revenues (governmental activities) from functions that are
intended to recover all or a significant portion of their costs through user fees and charges (business-type
activities). The governmental activities of the City include General Government, Community
Development and Engineering, Fire and Rescue, Leisure Services, Maintenance, Municipal Court,
Police, and Streets and Drainage. The business-type activities of the City include Water and
Wastewater, and Drainage Utility.
Fund financial statements – A fund is a grouping of related accounts that is used to maintain control
over resources that have been segregated for specific activities or objectives. The City, like other state
and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related
legal requirements. All funds of the City can be divided into two categories – governmental funds and
proprietary funds.
Governmental Funds – Governmental funds are used to account for essentially the same functions
reported as governmental activities in the government-wide financial statements. However, unlike the
government-wide financial statements, governmental fund financial statements focus on current sources
and uses of spendable resources, as well as on balances of spendable resources available at the end of
the fiscal year. Such information may be useful in evaluating a government’s near-term financing
requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial
statements, it is useful to compare the information presented for governmental funds with similar
information presented for governmental activities in the government-wide financial statements. By
doing so, readers may better understand the long-term impact of the government’s near-term financing
decisions. Both the governmental funds balance sheet and the governmental fund statements of
revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this
comparison between governmental funds and governmental activities.
Beginning on page 34 of this report, information is presented separately in the Governmental Fund
Balance Sheet and in the Governmental Fund Statement of Revenues, Expenditures, and Changes in
Fund Balances for the General Fund, which is considered to be a major fund. Data from the other
governmental funds are combined into a single, aggregated presentation. Individual fund data for each
of these non-major governmental funds is provided in the form of combining statements elsewhere in
this report.
Proprietary Funds – The City maintains one type of proprietary 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 40 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 45 – 68 of this report.
21
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 position 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 $169,183,942 as of
September 30, 2013.
The largest portion of the City’s net position ($123,684,195) reflects its investments in capital assets
(e.g., land, building, equipment, improvements, construction in progress and infrastructure), less any
outstanding debt used to acquire those assets. The City uses these capital assets to provide service to
citizens; consequently, these assets are not available for future spending. Although the City’s
investment in its capital assets is reported net of related debt, it should be noted that the resources
needed to repay this debt must be provided from other sources, since the capital assets themselves
cannot be used to liquidate these liabilities.
CITY OF COLLEYVILLE’S NET POSITION
201320122013201220132012
Current and other assets34,107,679$ 34,369,593$ 15,392,384$ 14,059,010$ 49,500,063$ 48,428,603$
Capital assets 101,978,118 102,809,761 42,436,223 42,530,273 144,414,341 145,340,034
Total assets 136,085,797 137,179,354 57,828,607 56,589,283 193,914,404 193,768,637
Other liabilities3,413,370 3,616,684 2,600,746 2,628,997 6,014,116 6,245,681
Long-term liabilities 16,461,152 17,976,515 2,255,194 3,232,340 18,716,346 21,208,855
Total liabilities 19,874,522 21,593,199 4,855,940 5,861,337 24,730,462 27,454,536
Net position:
Net investment in
capital assets 84,414,252 83,211,988 39,269,943 38,395,708 123,684,195 121,607,696
Restricted13,116,403 12,814,448 - - 13,116,403 12,814,448
Unrestricted 18,680,620 19,559,719 13,702,724 12,332,238 32,383,344 31,891,957
Total net position 116,211,275$ 115,586,155$ 52,972,667$ 50,727,946$ 169,183,942$ 166,314,101$
Governmental ActivitiesBusiness-type ActivitiesTotals
A portion of the City’s net position ($13,116,403) represents resources that are subject to external
restriction on how they may be used. The remaining balance ($32,383,344) of unrestricted net position
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, 2013, the City has positive balances in all three categories of net position, both for
the City as a whole, as well as for its governmental and business-type activities separately. The increase
of $625,120 in net position relating to governmental activities is primarily due to an increase in sales tax.
The increase in net position of business type activities is related to water sales occurring as a tiered rate
structure was implemented in December 2012 whereby customers who have monthly use greater than
20,000 gallons pay higher rates in increasing tiers.
22
Analysis of the City’s Operations – The following table provides a summary of the City’s operations
for the year ended September 30, 2013. Governmental activities increased the City of Colleyville’s net
position by $625,120, accounting for all of the total growth in net position. Business-type activities
contributed an increase to the City’s net position of $2,244,721.
CITY OF COLLEYVILLE’S CHANGES IN NET POSITION
201320122013201220132012
Revenues:
Program revenues:
Charges for services3,410,235$ 3,466,371$ 15,590,354$ 14,952,923$ 19,000,589$ 18,419,294$
Operating grants
and contributions468,361 490,069 - - 468,361 490,069
Capital grants
and contributions1,158,050 381,308 876,660 169,464 2,034,710 550,772
General revenues:
Ad valorem taxes12,497,692 12,414,457 - - 12,497,692 12,414,457
Sales taxes5,902,557 5,495,730 - - 5,902,557 5,495,730
Franchise taxes2,074,731 2,207,463 - - 2,074,731 2,207,463
Other taxes68,592 65,808 - - 68,592 65,808
Investment earnings77,269 108,192 38,987 4,084 116,256 112,276
Miscellaneous 85,562 74,041 - - 85,562 74,041
Gain on sale of
capital assets - 147,969 103,437 - 103,437 147,969
Total revenues 25,743,049 24,851,408 16,609,438 15,126,471 42,352,487 39,977,879
Expenses:
General government4,075,001 3,125,214 - - 4,075,001 3,125,214
Community development
and engineering1,429,755 1,397,839 - - 1,429,755 1,397,839
Fire and rescue4,529,225 4,321,929 - - 4,529,225 4,321,929
Leisure services4,106,822 4,124,619 - - 4,106,822 4,124,619
Maintenance494,545 400,306 - - 494,545 400,306
Municipal court586,709 319,445 - - 586,709 319,445
Police4,961,444 4,579,570 - - 4,961,444 4,579,570
Streets and drainage5,322,510 3,073,530 - - 5,322,510 3,073,530
Water and wastewater- - 12,544,530 12,258,587 12,544,530 12,258,587
Drainage- - 707,647 723,994 707,647 723,994
Interest on
long-term debt 724,458 780,028 - - 724,458 780,028
Total expenses 26,230,469 22,122,480 13,252,177 12,982,581 39,482,646 35,105,061
Increases in net position
before transfers487,420)( 2,728,928 3,357,261 2,143,890 2,869,841 4,872,818
Transfers 1,112,540 1,081,868 1,112,540)( 1,081,868)( - -
Change in net position625,120 3,810,796 2,244,721 1,062,022 2,869,841 4,872,818
Net position, beginning 115,586,155 111,775,359 50,727,946 49,665,924 166,314,101 161,441,283
Net position, ending 116,211,275$ 115,586,155$ 52,972,667$ 50,727,946$ 169,183,942$ 166,314,101$
Governmental ActivitiesBusiness-type ActivitiesTotals
23
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 fiscal year, the City of Colleyville’s governmental funds reported combined
ending fund balances of $32,180,612. Approximately 34% of this total amount ($11,001,741)
constitutes unassigned fund balance. The remainder of the fund balance ($21,178,871 ) is reserved to
indicate that it 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 34 of this report for a more
detailed presentation of governmental fund balances.
In the General Fund, the City’s original budgeted expenditures exceeded revenues by $(1,108,933), due
to a planned 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, and the payment of
economic development agreements from sales tax proceeds received in prior years. There was no budget
amendment in Fiscal Year 2013, however was City Council approved authorization to provide for a
transfer of unspent street maintenance funds at the end of the fiscal year and the difference in total
revenues and expenditures of the General Fund to the Capital Projects Fund ($2,158,573) for use in
future CIP street rehabilitation projects. This transfer was funded by additional revenues and expense
reductions; the final budgeted decrease in the fund balance of the General Fund remained unchanged
($1,108,933). The actual decrease to fund balance for the General Fund was ($886,814) for the Fiscal
Year 2013, primarily due to greater than anticipated revenues from sales taxes, ambulance revenues,
building permits and reductions to overall departmental expenditures, which was $222,119 less than the
adopted utilization of surplus fund balance. The aforementioned year end transfer to the Capital Projects
Fund resulted in a net increase of $240,378 to the fund balance, and will be used for future street capital
projects. Additionally, there was a utilization of $450,000 of surplus 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 and declining future debt obligations. The actual decrease to
fund balance for the Debt Service Fund was ($307,789) due to greater than anticipated property tax
collections.
Proprietary funds – The City’s proprietary fund statements beginning on page 40 of this report provide
the same type of information found in the government-wide financial statements, but in more detail.
Unrestricted net position of the respective major proprietary funds are Water and Wastewater
($12,298,547), and Drainage Utility ($1,404,177). The Water and Wastewater fund experienced an
increase in total net position of $2,025,575 during Fiscal Year 2013 due to revenue from the
implementation of tiered water rates. There is a 60% differential from the lowest tier to the highest tier.
Also, there was an increase in water sales caused by the extreme drought and summer weather
conditions. The Drainage Utility fund’s net position increased by $219,146, due to increased service
charge revenue and reductions to expenditures.
24
Governmental Activities – There was an increase in revenues comes from the sales tax due to
improving economic conditions and the capital grants category from increased developer contributions
and impact fees stemming from new development in Colleyville in FY 2013. There was a slight
decrease in license and permit revenues due to a decrease of 52 residential building permits from FY
2012. The property tax base increased approximately $38 million, due to the new residential and
commercial construction, and the current year tax collection rate was over 99.37% of the levy.
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. There was additional funding of $1.4 million in the Street department for the street overlay
budget, which will overlay approximately five miles of city streets. Also, major capital equipment to be
used by the Public Works department was acquired, and replacement of audio-video equipment
throughout the City occurred.
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 $14,661,491 for
the fiscal year. Water revenues increased due to the implementation of tiered water rated whereby
higher water rates are paid by customers with higher volume consumption. Wastewater revenues
increased due to a rate increase in December 2012, which passed through a rate increase from the Trinity
River Authority, the City’s provider of treated water and 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. The coverage ratio for debt for this
fund was 3.85 for the fiscal 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 no revisions to the original appropriations
approved by the City Council. However, there was a City Council adopted authorization to transfer
unspent street resurfacing appropriations to the Capital Projects fund and the difference between total
revenues and expenses for future street capital projects ($2,158,573). This transfer was funded primarily
by the receipt of higher than anticipated sales tax, permit revenues, Colleyville Center rental revenues
and ambulance revenues, and lower than anticipated expenditures. This accounted for the variance in
transfers out from the adopted budget.
25
There was 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.
There was also the lease purchase acquisition of an ambulance that is contained in capital outlay
($209,425) which was offset by the proceeds from capital lease and accounts for the majority of the
variance in capital outlay. The aforementioned acquisition of audio visual equipment for amounts that
were less than the City’s capital asset threshold of over $5,000 resulted in the variance of $49,666 in the
General Government category, as the original budget amounts were contained in the Capital Outlay
category.
The General Fund’s overall budgeted revenue increased by $1,973,342. 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 2012. Also included
is the $1,000,000 drawdown of General Fund balance, which funded the increase in the street overlay
budget.
Refer to the General Fund Statement of Revenue, Expenditures and Changes in Fund Balances – Budget
and Actual on page 39 of this report for a detailed presentation of the actual General Fund operations
compared to both the original and final budget for fiscal year 2013.
CAPITAL ASSETS
The City of Colleyville’s investment in capital assets for its governmental and business-type activities as
of September 30, 2013, amounts to $144,414,341 (net of accumulated depreciation). This investment in
capital assets includes land, building, equipment, improvements other than buildings, infrastructure, and
construction work in progress. Major capital asset events occurring during the current fiscal year
included the following:
Capitalized approximately $1.8 million in street improvements and developer
contributions, primarily with the completion of the John McCain Road and Pleasant
Run Road intersection roundabout; and
Capitalized approximately $.6 million in water and wastewater system developer
contributions.
26
CITY OF COLLEYVILLE’S CAPITAL ASSETS AT YEAR-END
201320122013201220132012
Land9,293,654$ 9,293,654$ 304,839$ 313,057$ 9,598,493$ 9,606,711$
Buildings and improvements45,763,755 45,603,909 53,922 53,922 45,817,677 45,657,831
Equipment10,806,868 10,225,015 1,981,088 1,509,282 12,787,956 11,734,297
Infrastructure/water
distribution sewer collection79,371,164 77,197,694 69,730,952 69,054,295 149,102,116 146,251,989
Construction in progress1,796,099 1,741,624 1,114,303 512,948 2,910,402 2,254,572
Less: accumulated
depreciation 45,053,422)( 41,252,135)( 30,748,881)( 28,913,231)( 75,802,303)( 70,165,366)(
Total capital assets 101,978,118$ 102,809,761$ 42,436,223$ 42,530,273$ 144,414,341$ 145,340,034$
Governmental ActivitiesBusiness-type ActivitiesTotals
Additional information on the City’s capital assets can be found in Note 4, pages 57 – 59 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 $20,796,624. Of this amount, $8,675,000 represents bonded debt backed by
the full faith and credit of the government, $7,600,000 represents bonds secured by sales tax revenues,
$2,085,000 represents bonds secured solely by water and sewer revenues, and $1,135,000 represents
bonds secured solely by drainage utility system revenues. The City’s capitalized lease obligations of
$1,301,624 pertain to the prior year lease purchase of a fire pumper truck and mid-mount aerial platform
fire apparatus. In FY 2013, there was an additional lease purchase, in the amount of $209,425, entered
into for an ambulance.
OUTSTANDING DEBT AT YEAR-END
BONDS, NOTES AND CAPITALIZED LEASE OBLIGATIONS PAYABLE
201320122013201220132012
General obligation bonds
and certificates of
obligation8,675,000$ 9,975,000$ -$ -$ 8,675,000$ 9,975,000$
Sales tax revenue bonds7,600,000 7,930,000 - - 7,600,000 7,930,000
Revenue bonds payable- - 3,220,000 4,195,000 3,220,000 4,195,000
Capitalized lease
obligations 1,301,624 1,709,120 - - 1,301,624 1,709,120
17,576,624$ 19,614,120$ 3,220,000$ 4,195,000$ 20,796,624$ 23,809,120$
Governmental ActivitiesBusiness-type ActivitiesTotals
27
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.
Standard
Fitch ICBA& Poor's
General Obligation BondsAAAAAA
Water Revenue BondsAAAAA+
During Fiscal Year 2013, 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 information on
the City of Colleyville’s long term-debt can be found in footnote 4 on pages 60 – 64 of this report.
ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND RATES
The General Fund budget including transfers in for Fiscal Year 2014 is based on a projected revenue
increase of 10.7% as compared to the Fiscal Year 2013 budget. There is a 7.2% 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 and a 3.1% increase in valuation. This
is the largest revenue source and comprises 55% of General Fund revenues. The total tax rate for Fiscal
Year 2014 is $.3559, which is unchanged since Fiscal Year 2008. Approximately 14% of General Fund
revenues are sales taxes, budgeted at a 7.5% increase over the Fiscal Year 2013 budget, due to
improving economic conditions and the opening of Whole Foods. There is a utilization of $1,000,000
surplus fund balance in the adopted Fiscal Year 2014 General Fund budget to provide funding for the
$2.4 million increase in the street rehabilitation budget. Additionally, there is a utilization of $152,666
of fund balance in the adopted Fiscal Year 2014 Debt Service budget for the second year lease payment
on the radio tower and equipment due to the current level of existing fund balance.
In FY 2013, there was a compensation and classification study performed. There are funds included in
the Fiscal Year 2014 budget, for bringing employees to the market minimum at a maximum of ten
percent of current salary. Additionally, there was the addition of three firefighter/paramedics, one police
property room clerk, and a plans examiner. The level of funding for street maintenance and
rehabilitation continues at $2.4 million to address needs on the City’s streets.
Slight revenue growth in the Water and Wastewater Fund will come from additional residential and
commercial customers and the full year implementation of tiered water rates. There was also the
incorporation of the pass through of projected Trinity River Authority (TRA) rate increases to maintain
the financial stability of the Water and Wastewater Fund in future years.
REQUEST FOR INFORMATION
The financial report is designed to provide our citizens, customers, investors and creditors with a general
overview of the City’s finances. If you have questions about this report or need any additional
information, contact Terry Leake, Assistant City Manager / Chief Financial Officer, at 100 Main Street,
Colleyville, Texas 76034, or call (817) 503-1115.
28
THIS PAGE INTENTIONALLY LEFT BLANK
29
BASIC
FINANCIAL STATEMENTS
30
Governmental
Activities
Business-type
Activities
ASSETS
Cash and equivalents 16,426,689$ 6,360,738$
Investments 15,854,916 6,247,175
Receivables (net of allowances for uncollectibles of $341,247)
Accounts 96,515 2,521,522
Property taxes 230,912 -
Loans 200,000 -
Due from other governments 1,119,914 -
Inventories 1,759 167,317
Deferred charges 158,812 88,627
Accrued interest 18,162 7,005
Capital assets:
Land 9,293,654 304,839
Buildings and improvements 45,763,755 53,922
Equipment 10,806,868 1,981,088
Infrastructure/water distribution/sewer collection 79,371,164 69,730,952
Construction in progress 1,796,099 1,114,303
Less: accumulated depreciation 45,053,422)( 30,748,881)(
Total capital assets 101,978,118 42,436,223
Total assets 136,085,797 57,828,607
LIABILITIES
Accounts payable 827,070 950,676
Accrued liabilities 384,955 74,437
Unearned revenues 1,835 -
Accrued interest payable 111,027 19,957
Advances from developers 192,467 69,000
Escrow funds - 26,613
Customer deposits 68,462 444,084
Noncurrent liabilities:
Due within one year 1,827,554 1,015,979
Due in more than one year 16,461,152 2,255,194
Total liabilities 19,874,522 4,855,940
NET POSITION
Net investment in capital assets 84,414,252 39,269,943
Restricted:
Debt service 857,143 -
Court security and technology 101,411 -
Grant programs 16,489 -
Leisure services 207,770 -
Economic development 2,277,373 -
Streets and drainage 8,432,946 -
Police 1,223,271 -
Unrestricted 18,680,620 13,702,724
Total net position 116,211,275$ 52,972,667$
The accompanying notes are an integral part of these financial statements.
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF NET POSITION
SEPTEMBER 30, 2013
31
Total Component Units
22,787,427$ 15,696,721
22,102,091 830,482
2,618,037 -
230,912 -
200,000 -
1,119,914 -
169,076 -
247,439 68,072
25,167 254
9,598,493 1,808,520
45,817,677 -
12,787,956 -
149,102,116 5,893,512
2,910,402 -
75,802,303)( 180,852)(
144,414,341 7,521,180
193,914,404 24,116,709
1,777,746 371,273
459,392 -
1,835 -
130,984 16,781
261,467 -
26,613 -
512,546 -
2,843,533 555,000
18,716,346 3,764,508
24,730,462 4,707,562
123,684,195 3,201,672
857,143 -
101,411 -
16,489 -
207,770 -
2,277,373 -
8,432,946 -
1,223,271 -
32,383,344 16,207,475
169,183,942$ 19,409,147$
32
Functions/Programs Expenses Charges for Services
Operating Grants
and Contributions
Capital Grants and
Contributions
Primary government
Governmental activities:
General government 4,075,001$ 15,000$ 4,104$ -$
Community development 1,429,755 927,690 5,000 -
Fire and rescue 4,529,225 308,339 28,277 -
Leisure services 4,106,822 501,260 333,253 120,734
Maintenance 494,545 - - -
Municipal court 586,709 1,271,095 - -
Police 4,961,444 70,513 97,727 -
Streets and drainage 5,322,510 316,338 - 1,037,316
Interest on long-term debt 724,458 - - -
Total governmental activities 26,230,469 3,410,235 468,361 1,158,050
Business-type activities:
Water and wastewater 12,544,530 14,661,491 - 861,262
Drainage 707,647 928,863 - 15,398
Total business-type activities 13,252,177 15,590,354 - 876,660
Total primary government 39,482,646$ 19,000,589$ 468,361$ 2,034,710$
Component unit
Tax increment financing 945,411$ -$ -$ -$
Total component unit 945,411$ -$ -$ -$
General revenues:
Taxes:
Property taxes, levied for general purposes
Property taxes, levied for debt service
TIF taxes
Sales taxes
Franchise taxes
Other taxes
Investment earnings
Miscellaneous
Gain on sale of capital assets
Transfers
Total general revenues and transfers
Change in net position
Net position - beginning
Net position - ending
The accompanying notes are an integral part of these financial statements.
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Program Revenue
33
Governmental
Activities
Business-type
Activities Total Component Units
4,055,897)$( -$ 4,055,897)$( -$
497,065)( - 497,065)( -
4,192,609)( - 4,192,609)( -
3,151,575)( - 3,151,575)( -
494,545)( - 494,545)( -
684,386 - 684,386 -
4,793,204)( - 4,793,204)( -
3,968,856)( - 3,968,856)( -
724,458)( - 724,458)( -
21,193,823)( - 21,193,823)( -
- 2,978,223 2,978,223 -
- 236,614 236,614 -
- 3,214,837 3,214,837 -
21,193,823)( 3,214,837 17,978,986)( -
- - - 945,411)(
- - - 945,411)(
11,016,971 - 11,016,971 -
1,480,721 - 1,480,721 -
- - - 3,872,605
5,902,557 - 5,902,557 -
2,074,731 - 2,074,731 -
68,592 - 68,592 -
77,269 38,987 116,256 16,762
85,562 - 85,562 -
- 103,437 103,437 -
1,112,540 1,112,540)( - -
21,818,943 970,116)( 20,848,827 3,889,367
625,120 2,244,721 2,869,841 2,943,956
115,586,155 50,727,946 166,314,101 16,465,191
116,211,275$ 52,972,667$ 169,183,942$ 19,409,147$
Net (Expense) Revenue and Changes in Net Position
Primary Government
34
General Capital Projects Debt Service
ASSETS
Cash and cash equivalents 2,783,871$ 6,141,441$ 931,446$
Investments 9,458,768 2,449,098 -
Receivables (net of allowances for uncollectibles)
Accounts 96,515 - -
Taxes 194,365 - 36,547
Loans 200,000 - -
Due from other funds 52,648 - -
Due from other governments 538,815 - 177
Inventories 1,759 - -
Accrued interest 12,781 2,239 -
Total assets 13,339,522$ 8,592,778$ 968,170$
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable 769,578$ 27,662$ -$
Accrued liabilities 374,144 - -
Due to other funds - - -
Deferred revenue 258,754 - 36,547
Advances from developers 46,573 132,170 -
Customer deposits 68,462 - -
Total liabilities 1,517,511 159,832 36,547
Fund balances:
Non-spendable:
Inventories 1,759 - -
Restricted:
Streets and drainage - 8,432,946 -
Debt service - - 931,623
Court security and technology - - -
Grant programs - - -
Leisure services - - -
Economic development - - -
Police - - -
Committed:
Strategic incentives 295,198 - -
Sales tax incentives 518,338 - -
Leisure services - - -
Capital projects - - -
Assigned:
Capital projects - - -
Leisure services - - -
Unassigned 11,006,716 - -
Total fund balances 11,822,011 8,432,946 931,623
Total liabilities and fund balances 13,339,522$ 8,592,778$ 968,170$
Amounts reported for governmental activities in the statement of net assets are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds.
Other long-term assets are not available to pay for current-period expenditures and, therefore are deferred in the funds.
Long-term liabilities are not due and payable in the current period and, therefore, are not reported in the funds.
Net position of governmental activities
The accompanying notes are an integral part of these financial statements.
CITY OF COLLEYVILLE, TEXAS
BALANCE SHEET
GOVERNMENTAL FUNDS
SEPTEMBER 30, 2013
35
Other
Governmental
Total Governmental
Funds
6,569,931$ 16,426,689$
3,947,050 15,854,916
- 96,515
- 230,912
- 200,000
- 52,648
580,922 1,119,914
- 1,759
3,142 18,162
11,101,045$ 34,001,515$
29,830$ 827,070$
10,811 384,955
52,648 52,648
- 295,301
13,724 192,467
- 68,462
107,013 1,820,903
- 1,759
- 8,432,946
- 931,623
101,411 101,411
16,489 16,489
207,770 207,770
2,277,373 2,277,373
1,223,271 1,223,271
- 295,198
- 518,338
1,020,791 1,020,791
5,241,291 5,241,291
902,707 902,707
7,904 7,904
4,975)( 11,001,741
10,994,032 32,180,612
11,101,045$
101,978,118
452,278
18,399,733)(
116,211,275$
36
General Capital Projects Debt Service
REVENUES
Taxes 16,232,400$ -$ 1,480,388$
Fees and fines 892,592 - -
Licenses and permits 857,135 - -
Intergovernmental - 68,259 -
Charges for services 1,242,758 - -
Capital improvement fees - 300,900 -
Donations - - -
Investment earnings 40,390 14,918 1,595
Miscellaneous 81,141 4,421 -
Total revenues 19,346,416 388,498 1,481,983
EXPENDITURES
Current:
General government 3,044,817 - -
Community development and engineering 1,302,378 - -
Fire and rescue 4,033,302 20,005 -
Leisure services 2,583,749 715 -
Maintenance 489,685 - -
Municipal court 406,512 - -
Police 4,057,598 57,190 -
Streets and drainage 2,636,840 961,125 -
Debt service:
Principal - - 1,916,921
Interest and other charges - - 378,775
Capital outlay 547,435 1,267,658 -
Total expenditures 19,102,316 2,306,693 2,295,696
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 244,100 1,918,195)( 813,713)(
OTHER FINANCING SOURCES (USES)
Capital lease 209,425 - -
Transfers in 1,049,234 2,158,573 505,924
Transfers out 2,389,573)( - -
Total other financing sources and uses 1,130,914)( 2,158,573 505,924
NET CHANGE IN FUND BALANCES 886,814)( 240,378 307,789)(
FUND BALANCES, BEGINNING 12,708,825 8,192,568 1,239,412
FUND BALANCES, ENDING 11,822,011$ 8,432,946$ 931,623$
The accompanying notes are an integral part of these financial statements.
FOR THE YEAR ENDED SEPTEMBER 30, 2013
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
37
Other
Governmental
Total
Governmental
Funds
2,828,678$ 20,541,466$
108,362 1,000,954
- 857,135
8,247 76,506
79,169 1,321,927
- 300,900
487,066 487,066
20,366 77,269
15,000 100,562
3,546,888 24,763,785
126,765 3,171,582
127,196 1,429,574
9,228 4,062,535
451,119 3,035,583
- 489,685
180,399 586,911
555,851 4,670,639
- 3,597,965
330,000 2,246,921
318,365 697,140
852,981 2,668,074
2,951,904 26,656,609
594,984 1,892,824)(
- 209,425
475,649 4,189,380
687,267)( 3,076,840)(
211,618)( 1,321,965
383,366 570,859)(
10,610,666 32,751,471
10,994,032$ 32,180,612$
38
Net change in fund balances - total governmental funds:570,859)$(
Governmentalfunds report capital outlays as expenditures.However,in the
statement of activities,the cost of those assets is allocated over theirestimated
useful lives and reported as depreciation expense. 1,280,358)(
The net effect of transactions involving capital assets is to increase net position.448,715
Revenues,in the statement of activities,that do not provide current financial
resources, are not reported as revenues in the funds.10,207
Theissuance of long-term debt (e.g.,bonds,leases)provides current financial
resources to governmentalfunds,while the repayment of the principal of long-
term debt consumes the current financial resources of governmental funds.2,033,907
Some expensesreported in the statement of activities do not require theuse of
current financialresources and thereforeare not reportedas expenditures in
governmental funds.16,492)(
625,120$
The accompanying notes are an integral part of these financial statements.
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Amounts reported for governmental activitiesin the Statement of Activities (pages 32
- 33) are different because:
CITY OF COLLEYVILLE, TEXAS
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF ACTIVITIES
Change in net position of governmental activities
39
Variance with
Final Budget -
Actual Positive
Original Final Amounts (Negative)
REVENUES
Taxes 15,676,406$ 15,676,406$ 16,232,400$ 555,994$
License and permits 725,958 725,958 857,135 131,177
Fines and forfeitures 867,969 867,969 892,592 24,623
Charges for services 1,122,007 1,122,007 1,242,758 120,751
Investment earnings 35,000 35,000 40,390 5,390
Other 54,100 54,100 81,141 27,041
Total revenues 18,481,440 18,481,440 19,346,416 864,976
EXPENDITURES Current:
General government 2,995,151 2,995,151 3,044,817 49,666)(
Community development and engineering 1,431,012 1,431,012 1,302,378 128,634
Fire and rescue 4,113,288 4,113,288 4,033,302 79,986
Leisure services 2,848,792 2,848,792 2,583,749 265,043
Maintenance 552,881 552,881 489,685 63,196
Municipal court 411,805 411,805 406,512 5,293
Police 4,197,318 4,197,318 4,057,598 139,720
Streets and drainage 3,335,995 3,335,995 2,636,840 699,155
Capital outlay 239,600 239,600 547,435 307,835)(
Total expenditures 20,125,842 20,125,842 19,102,316 1,023,526
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 1,644,402)( 1,644,402)( 244,100 1,888,502
OTHER FINANCING SOURCES (USES)
Transfers in 956,469 956,469 1,049,234 92,765
Transfers out 431,000)( 431,000)( 2,389,573)( 1,958,573)(
Sale of capital assets 10,000 10,000 - 10,000)(
Capital lease - - 209,425 209,425
Total other financing sources and uses 535,469 535,469 1,130,914)( 1,666,383)(
NET CHANGE IN FUND BALANCE 1,108,933)( 1,108,933)( 886,814)( 222,119
FUND BALANCE, BEGINNING 12,708,825 12,708,825 12,708,825 -
FUND BALANCE, ENDING 11,599,892$ 11,599,892$ 11,822,011$ 222,119$
The notes to the financial statements are an integral part of this statement.
Budgeted Amounts
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2013
GENERAL FUND
40
Water and
Wastewater Drainage Utility Total
ASSETS
Current assets:
Cash and cash equivalents 5,172,120$ 1,188,618$ 6,360,738$
Investments 6,130,277 116,898 6,247,175
Accounts receivable, net of allowances 2,414,842 106,680 2,521,522
Deferred charges 67,689 20,938 88,627
Inventories 167,317 - 167,317
Total current assets 13,952,245 1,433,134 15,385,379
Non-current assets:
Accrued interest receivable 6,927 78 7,005
Capital assets:
Land and improvements 304,839 - 304,839
Buildings 53,922 - 53,922
Utility system 65,602,588 4,128,364 69,730,952
Equipment and furniture 1,500,115 480,973 1,981,088
Construction in progress 1,072,811 41,492 1,114,303
Less accumulated depreciation 29,496,701)( 1,252,180)( 30,748,881)(
Total non-current assets 39,044,501 3,398,727 42,443,228
Total assets 52,996,746 4,831,861 57,828,607
LIABILITIES
Current liabilities:
Accounts payable 948,922 1,754 950,676
Accrued liabilities 65,570 8,867 74,437
Accrued interest payable 13,393 6,564 19,957
Advances from developers 69,000 - 69,000
Escrow funds 26,613 - 26,613
Customer deposits 444,084 - 444,084
Compensated absences 18,609 2,370 20,979
Revenue bonds payable 775,000 220,000 995,000
Total current liabilities 2,361,191 239,555 2,600,746
Non-current liabilities:
Compensated absences 74,434 9,480 83,914
Revenue bonds payable 1,262,012 909,268 2,171,280
Total non-current liabilities 1,336,446 918,748 2,255,194
Total liabilities 3,697,637 1,158,303 4,855,940
NET POSITION
Net investment in capital assets 37,000,562 2,269,381 39,269,943
Unrestricted 12,298,547 1,404,177 13,702,724
Total net position 49,299,109$ 3,673,558$ 52,972,667$
The accompanying notes are an integral part of these financial statements.
SEPTEMBER 30, 2013
Enterprise Funds
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
41
Water and
Wastewater Drainage Utility Total
OPERATING REVENUES
Metered water sales 10,683,906$ -$ 10,683,906$
Wastewater service charges 3,278,271 - 3,278,271
Drainage service charges - 916,917 916,917
Other charges and services 677,602 11,946 689,548
Miscellaneous 21,712 - 21,712
Total operating revenues 14,661,491 928,863 15,590,354
OPERATING EXPENSES
Personnel services 1,595,661 385,537 1,981,198
Maintenance and contractual services 8,950,525 116,190 9,066,715
Materials and supplies 160,831 39,871 200,702
Depreciation and amortization 1,779,083 124,316 1,903,399
Total operating expenses 12,486,100 665,914 13,152,014
OPERATING INCOME 2,175,391 262,949 2,438,340
NON-OPERATING REVENUES (EXPENSES)
Interest and investment revenues 37,423 1,564 38,987
Interest expense and fiscal charges 58,430)( 41,733)( 100,163)(
Gain (loss) on disposal of property 103,437 - 103,437
Total non-operating revenues (expenses)82,430 40,169)( 42,261
INCOME BEFORE CONTRIBUTIONS
AND TRANSFERS 2,257,821 222,780 2,480,601
Capital contributions 861,262 15,398 876,660
Transfers out 1,093,508)( 19,032)( 1,112,540)(
CHANGE IN NET POSITION 2,025,575 219,146 2,244,721
TOTAL NET POSITION, BEGINNING 47,273,534 3,454,412 50,727,946
TOTAL NET POSITION, ENDING 49,299,109$ 3,673,558$ 52,972,667$
The accompanying notes are an integral part of these financial statements.
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN FUND NET POSITION
PROPRIETARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Enterprise Funds
42
Water and Drainage
Wastewater Utility Totals
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers 14,541,259$ 930,620$ 15,471,879$
Cash paid to suppliers for goods and services 9,198,369)( 158,064)( 9,356,433)(
Cash paid to employees for services 1,555,064)( 391,303)( 1,946,367)(
Net cash provided by operating activities 3,787,826 381,253 4,169,079
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Transfers out 1,093,508)( 19,032)( 1,112,540)(
Net cash used for noncapital
financing activities 1,093,508)( 19,032)( 1,112,540)(
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Acquisition of capital assets 802,387)( - 802,387)(
Principal paid on debt 781,638)( 213,512)( 995,150)(
Interest paid on debt 58,430)( 41,733)( 100,163)(
Net cash used for capital and
related financing activities 1,642,455)( 255,245)( 1,897,700)(
CASH FLOWS FROM INVESTING ACTIVITIES
(Purchase) sale of investments 2,371,012)( 2,916 2,368,096)(
Earnings on investments 37,423 1,564 38,987
Net cash provided (used) by investing activities 2,333,589)( 4,480 2,329,109)(
NET INCREASE IN CASH
AND CASH EQUIVALENTS 1,281,726)( 111,456 1,170,270)(
CASH AND CASH EQUIVALENTS, BEGINNING 6,453,846 1,077,162 7,531,008
CASH AND CASH EQUIVALENTS, ENDING 5,172,120$ 1,188,618$ 6,360,738$
Enterprise Funds
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
43
Water and Drainage
Wastewater Utility Totals
Reconciliation of operating income (loss) to net cash
provided (used) by operating activities:
Operating income 2,175,391$ 262,949$ 2,438,340$
Adjustments to reconcile operating income (loss)
to net cash provided by (used for) operating activities:
Depreciation and amortization expense 1,779,083 124,317 1,903,400
Changes in assets and liabilities:
Decrease (increase) in assets:
Accounts receivable 125,346)( 1,757 123,589)(
Inventory 29,699)( - 29,699)(
Accrued interest receivable 2,432)( 21 2,411)(
Deferred charges 16,638 3,513 20,151
Increase (decrease) in liabilities:
Accounts payable 66,894)( 4,321)( 71,215)(
Accrued liabilities 20,933 27)( 20,906
Compensated absences payable 19,664 5,740)( 13,924
Customer deposits 9,510 - 9,510
Advances from developers 4,396)( - 4,396)(
Accrued interest payable 4,626)( 1,216)( 5,842)(
Net cash provided by operations 3,787,826$ 381,253$ 4,169,079$
Noncash investing, capital, and financing activities:
Contributions of capital assets 861,262$ 15,398$ 876,660$
The notes to the financial statements are an integral part of this statement.
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
Enterprise Funds
FOR THE YEAR ENDED SEPTEMBER 30, 2013
(Continued)
44
Agency Fund
ASSETS
Cash and investments 24,283$
Total assets 24,283$
LIABILITIES
Due to other agencies and individuals 24,283$
Total liabilities 24,283$
The accompanying notes are an integral part of these financial statements.
CITY OF COLLEYVILLE, TEXAS
STATEMENT OF FIDUCIARY NET POSITION
FIDUCIARY FUNDS
SEPTEMBER 30, 2013
45
CITY OF COLLEYVILLE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2013
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. Reporting Entity
As required by generally accepted accounting principles, these financial statements present
the government and its component units, entities for which the government is considered to
be financially accountable. Blended component units, although legally separate entities are,
in substance, part of the government’s operations and so data from these units are combined
with data of the primary government. Each directly presented component unit, on the other
hand, is reported in a separate column in the combined financial statements to emphasize it is
legally separate from the government. Each blended component unit has a September 30
year-end.
Blended Component Unit – The Colleyville Economic Development Corporation (CEDC)
was incorporated on September 3, 1996, as a nonprofit industrial development corporation
under the Development Corporation Act of 1979 (“Act”). The 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 Corporation is organized. This includes municipal park
improvements, the purchase of land and improvements for additional neighborhood parks,
the construction of a community center and library. Although it is legally separate from the
City, the CEDC is reported as if it were part of the primary government, because CEDC is
financing public improvements and the City is the primary beneficiary of the services
provided.
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.
46
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 may 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 position and the
statement of activities) report information on all of the nonfiduciary activities of the primary
government and its component units. For the most part, the effect of interfund activity has
been removed from these statements. Governmental activities, which normally are supported
by taxes and intergovernmental revenue, are reported separately from business-type
activities, which rely to a significant extent on fees and charges for support. Likewise, the
primary government is reported separately from certain legally separate component units for
which the primary government is financially accountable.
The statement of activities demonstrates the degree to which the direct expenses of a given
function or segment are offset by program revenue. Direct expenses are those that are clearly
identifiable with a specific function or segment. Program revenue includes 1) charges to
customers or applicants who purchase, use, or directly benefit from goods, services, or
privileges provided by a given function or segment, and 2) grants and contributions that are
restricted to meeting the operational or capital requirements of a particular function or
segment. Taxes and other items not properly included among program revenue are reported
instead as general revenue.
Separate financial statements are provided for governmental funds, proprietary funds, and
fiduciary funds, even though the latter are excluded from the government-wide financial
statements. Major individual governmental funds and major individual Enterprise Funds are
reported as separate columns in the fund financial statements.
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.
47
Governmental fund financial statements are reported using the current financial resources
measurement focus and the modified accrual basis of accounting. Revenues are recognized
as soon as they are both measurable and available. Revenues are considered to be available
when they are collectible within the current period or soon enough thereafter to pay liabilities
of the current period. For this purpose, the government considers revenue to be available if
collected within 60 days of the end of the current fiscal period. Expenditures generally are
recorded when a liability is incurred, as under accrual accounting. However, debt service
expenditures, as well as expenditures related to compensated absences and claims and
judgments, are recorded only when payment is due.
Property taxes, franchise taxes, sales taxes, and interest associated with the current fiscal
period are all considered to be susceptible to accrual and so have been recognized as revenue
of the current fiscal period. All other revenue items are considered to be measurable and
available only when cash is received by the City.
GOVERNMENTAL FUNDS
Governmental Funds are those through which most governmental functions of the City
are financed. The acquisition, use, and balances of the City’s expendable financial
resources and the related liabilities (except those accounted for in the proprietary fund
type) are accounted for through governmental funds. The measurement focus is upon
determination of changes in financial position, rather than upon net income
determination. The following are the City’s governmental fund types:
The City reports the following major governmental funds:
The General Fund – is the general operating fund of the City. It is used to
account for all financial resources except those required to be accounted for in
another fund.
The Debt Service Fund – is used to account for the acquisition of resources
for, and the payment of, general long-term debt principal and interest, and
related costs.
The Capital Projects 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.
48
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 Drainage Utility 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.
FIDUCIARY FUNDS
Agency 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.
49
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.
E. Investments
In accordance with GASB Statement No. 31, the City’s general policy is to report money
market investments and short-term participating interest-earning investment contracts at
amortized cost and to report nonparticipating interest-earning investment contracts using a
cost-based measure. However, if the fair value of an investment is significantly affected by
the impairment of the credit standing of the issuer or by other factors, it is reported at fair
value. All other investments are reported at fair value unless a legal contract exists which
guarantees a higher value. The term “short-term” refers to investments, which have a
remaining term of one year or less at time of purchase. The term “nonparticipating” means
that the investment’s value does not vary with market interest rate changes.
F. Receivables and Payables
Activity between funds that are representative of lending/borrowing arrangements
outstanding at the end of the fiscal year are referred to as either “due to/from other funds”
(i.e., the current portion of interfund loans) or “advances to/from other funds” (i.e., the
noncurrent portion of interfund loans). All other outstanding balances between funds are
reported as “due to/from other funds.” Any residual balances outstanding between the
governmental activities and business-type activities are reported in the government-wide
financial statements as “internal balances.”
Advances between funds, as reported in the fund financial statements, are offset by a fund
balance reserve account in applicable governmental funds to indicate that they are not
available for appropriation and are not expendable available financial resources.
The allowance for utility receivables is the total of final bills that have been sent out by the
City. Final bills are bills that have been sent out to customers that have notified the City of a
discontinuation of service. Ambulance receivables in excess of 180 days comprise the
ambulance allowance for uncollectables. The allowance for uncollectable accounts for
capias warrants is set at 90% of outstanding receivables.
Property taxes are levied on October 1 and attach as an enforceable lien on property as of
January 1. Statements are mailed on October 1, or as soon thereafter as possible, and are due
upon receipt. All unpaid taxes become delinquent if not paid before February 1 of the
following year.
50
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 or estimated historical cost if purchased or constructed. Donated capital assets
are recorded at estimated fair market value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or
materially extend assets’ lives are not capitalized.
Major outlays for capital assets and improvements are capitalized as projects are constructed.
Property, plant and equipment is depreciated using the straight-line method over the
following estimated useful lives:
AssetsYears
Buildings15 - 50
Improvements20 - 50
Equipment5 - 10
Infrastructure (streets and drainage)50
Water distribution/sewer collection5 - 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 the City, except for
retirement, and such amounts are not considered material. All vacation pay is accrued when
incurred in the government-wide and proprietary fund financial statements.
51
K. Long-term Obligations
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 position.
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 the actual net proceeds received, are reported as
expenditures. For proprietary fund types, bond premiums and discounts, as well as issuance
costs, are charged to current operations rather than being deferred and amortized due to the
relatively immaterial effect on the basic financial statements taken as a whole.
L. Fund 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 governments, 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 specified 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 committed 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.
52
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.
N. Net Position Flow Assumption
Sometimes the City will fund outlays for a particular purpose from both restricted (e.g.,
restricted bond or grand proceeds) and unrestricted resources. In order to calculate the
amounts to report as restricted – net position and unrestricted – net position in the
government-wide and proprietary fund financial statements, a flow assumption must be made
about the order in which the resources are considered to be applied. It is the City’s policy to
consider restricted – net position to have been depleted before unrestricted – net position is
applied.
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 Position
The governmental fund balance sheet includes a reconciliation between fund balance – total
governmental funds and net position – governmental activities as reported in the government-
wide statement of net position. 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 $(18,399,733) difference are as follows:
53
Bonds payable16,262,242)$(
Capital leases payable1,301,624)(
Accrued interest payable111,027)(
Compensated absences 724,840)(
Net adjustment to reduce fund balance - total
governmental funds to arrive at net position -
governmental activities 18,399,733)$(
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 position 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 $(1,280,358)
difference are as follows:
Capital outlay2,668,074$
Depreciation expense 3,948,432)(
Net adjustment to decrease net changes in fund balances -
total governmental funds to arrive at changes in net
position of governmental activities 1,280,358)$(
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
$10,207 difference are as follows:
Property taxes2,106$
Ambulance revenue8,032
Adjudicated fines 69
Net adjustment to increase net changes in fund balances -
total governmental funds to arrive at changes in net
position of governmental activities 10,207$
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 position. The details of this $2,033,907
difference are as follows:
Principal payments and refundings2,243,332$
Issuance of debt 209,425)(
Net adjustment to increase fund balance -total
governmental funds to arrive at net position -
governmental activities 2,033,907$
54
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 $(16,492) difference are as follows:
Compensated absences7,237$
Accrued interest8,033
Deferred charges 31,762)(
Net adjustment to decrease net changes in fund balances -
total governmental funds to arrive at changes in net
position of governmental activities 16,492)$(
3. STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY
A. Budgetary 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, 2013.
(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.
55
(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 general government function exceeded appropriations by
$49,666 and the capital outlay function by $307,835. This overage was funded by under
spending in other functions.
4. DETAILED NOTES ON ALL FUNDS
Deposits and Investments
As of September 30, 2013, the City had the following investments:
FairWeighted Average
Investment TypeValueMaturity (Days)
LOGIC24,900,539$ 57
U. S. Treasuries and Agencies22,921,697 331
Total fair value47,822,236$
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-like pool is one which is not registered
with the Securities and Exchange Commission (“SEC”) as an investment company, but
nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC’s
Rule 2a7 of the Investment Company Act of 1940.
Interest Rate Risk. In accordance with its investment policy, the government manages its
exposure to declines in fair market values by limiting the average dollar weighted maturity of its
investment portfolios to a maximum of 540 days.
56
Custodial Credit Risk. The City maintains a cash and investment pool that combines cash of the
various funds in order to maximize investment opportunities. The City’s policy and state statues
require that all deposits in financial institutions be insured by the Federal Depository Insurance
Corporation (FDIC) or fully collateralized as per the Public Funds Collateral Act. The City’s
deposits were fully insured or collateralized as required by state statutes as of September 30,
2013.
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.
LOGICAAAm
U. S. Treasuries and AgenciesAA+
Receivables
Receivables as of year-end for the government’s individual major funds, nonmajor funds and
enterprise funds in the aggregate, including the applicable allowances for uncollectible accounts,
are as follows:
CapitalDebtNonmajorWater andDrainage
GeneralProjectsServiceFundsWastewaterUtilityTotal
Receivables:
Accounts481,413$ -$ -$ -$ 2,436,563$ 106,680$ 3,024,656$
Taxes194,365 - 36,547 - - - 230,912
Due from other
governments 538,815 - 177 580,922 - - 1,119,914
Loans200,000 - - - - - 200,000
Accrued interest 12,781 2,239 - 3,142 6,927 78 25,167
Gross receivables1,427,374 2,239 36,724 584,064 2,443,490 106,758 4,600,649
Less: allowance for
uncollectibles 384,898)( - - - 21,721)( - 406,619)(
Net total receivables 1,042,476$ 2,239$ 36,724$ 584,064$ 2,421,769$ 106,758$ 4,194,030$
Governmental FundsEnterprise Funds
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:
UnavailableUnearned
General fund
Delinquent property taxes receivable194,365$ -$
Ambulance charges for services48,136 -
Municipal court fines14,418 -
Other - 1,835
Total general fund 256,919 1,835
Debt service fund
Delinquent property taxes receivable 36,547 -
Total debt service fund 36,547 -
Total governmental funds 293,466$ 1,835$
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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 2013 levy was
based, was $3,791,706,860.
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, 2013, was $.3559 per
$100 of assessed valuation.
Taxes are due by January 31 following the levy date. Tax collections, including related penalties
and interest, was $12,495,586 for the year ended September 30, 2013. Property taxes receivable
at September 30, 2013, were $230,912.
The appraisal of property within the City is the responsibility of a countywide appraisal district
as required by legislation passed by the Texas Legislature. The appraisal district is required
under such legislation to assess all property within the appraisal district on the basis of 100% of
its appraised value and is prohibited from applying any assessment ratios. The value of property
within the appraisal district must be reviewed every three years; however, the City may, at its
own expense, require annual reviews of appraised values. The City may challenge appraised
values established by the appraisal district through various appeals and, if necessary, legal action.
Capital Assets
Capital asset activity for the year ended September 30, 2013, was as follows:
Primary Government
BeginningEnding
BalanceIncreasesDecreasesBalance
Governmental activities:
Capital assets, not being depreciated:
Land9,293,654$ -$ -$ 9,293,654$
Construction in progress 1,741,624 1,258,888 1,204,413)( 1,796,099
Total assets not being depreciated 11,035,278 1,258,888 1,204,413)( 11,089,753
Capital assets, being depreciated:
Buildings and improvements45,603,909 159,846 - 45,763,755
Machinery and equipment10,225,015 737,503 155,650)( 10,806,868
Infrastructure 77,197,694 2,173,470 - 79,371,164
Total capital assets being depreciated 133,026,618 3,070,819 155,650)( 135,941,787
Less accumulated depreciation:
Buildings and improvements13,019,800)( 1,448,375)( - 14,468,175)(
Machinery and equipment7,061,068)( 912,709)( 147,145 7,826,632)(
Improvements other than buildings 21,171,267)( 1,587,348)( - 22,758,615)(
Total accumulated depreciation 41,252,135)( 3,948,432)( 147,145 45,053,422)(
Total capital assets being depreciated, net 91,774,483 877,613)( 8,505)( 90,888,365
Governmental activities capital
assets, net 102,809,761$ 381,275$ 1,212,918)$( 101,978,118$
58
BeginningEnding
BalanceIncreasesDecreasesBalance
Business-type activities:
Capital assets, not being depreciated:
Land313,057$ 15,759$ 23,977)$( 304,839$
Construction in progress 512,948 795,606 194,251)( 1,114,303
Total assets not being depreciated 826,005 811,365 218,228)( 1,419,142
Capital assets, being depreciated:
Buildings and improvements53,922 - - 53,922
Machinery and equipment1,509,282 471,806 - 1,981,088
Improvements other than buildings 69,054,295 717,543 40,886)( 69,730,952
Total capital assets being depreciated 70,617,499 1,189,349 40,886)( 71,765,962
Less accumulated depreciation:
Buildings and improvements48,328)( 623)( - 48,951)(
Machinery and equipment2,441,104)( 124,266)( - 2,565,370)(
Improvements other than buildings 26,423,799)( 1,751,647)( 40,886 28,134,560)(
Total accumulated depreciation 28,913,231)( 1,876,536)( 40,886 30,748,881)(
Total capital assets being depreciated, net 41,704,268 687,187)( - 41,017,081
Business-type activities capital assets, net 42,530,273$ 124,178$ 218,228)$( 42,436,223$
Component unit:
Capital assets, not being depreciated:
Infrastructure 4,551,672$ 1,341,840$ -$ 5,893,512$
Total assets not being depreciated 4,551,672 1,341,840 - 5,893,512
Capital assets, being depreciated:
Improvements other than buildings 1,800,940$ 7,580$ -$ 1,808,520$
Total capital assets being depreciated 1,800,940 7,580 - 1,808,520
Less accumulated depreciation:
Improvements other than buildings 144,075)$( 36,777)$( -$ 180,852)$(
Total accumulated depreciation 144,075)( 36,777)( - 180,852)(
Total capital assets being depreciated, net 1,656,865 29,197)( - 1,627,668
Component unit capital assets, net 6,208,537$ 1,312,643$ -$ 7,521,180$
Depreciation expense was charged to functions/programs of the primary government as follows:
Governmental activities:
General government384,168$
Community development673
Fire and rescue 468,087
Leisure services1,072,283
Maintenance 5,028
Police 292,411
Streets and drainage 1,725,782
Total depreciation expense - governmental activities 3,948,432$
Business-type activities:
Water and wastewater1,756,447$
Drainage utility 120,089
Total depreciation expense - business-type activities 1,876,536$
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Construction Commitments
The government has active construction projects as of September 30, 2013. The major projects
are listed as follows:
Remaining
ProjectSpent-to-dateCommitment
Colleyville Blvd (SH26) Utility Relocations - Phase 1 1,214,336$ 925,664$
Total 1,214,336$ 925,664$
Interfund Transactions
Interfund receivables and payables at September 30, 2013 consisted of the following:
Due From/To Other funds
Receivable FundPayable FundAmount
GeneralNonmajor governmental52,648$
Balances resulted from the time lag between the dates that 1) interfund goods and services are
provided on reimbursable expenditures occur, and 2) transactions are recorded in the accounting
system, and 3) payments between funds are made.
The composition of interfund transfers as of September 30, 2013, is as follows:
Interfund Transfers
Nonmajor
CapitalDebtGovernment
GeneralProjectsServiceFundsTotal
Transfer Out:
General -$ 2,158,573$ -$ 231,000$ 2,389,573$
Nonmajor governmental 12 - 505,924 181,331 687,267
Drainage fee- - - 19,032 19,032
Water and wastewater 1,049,222 - - 44,286 1,093,508
Total Transfers Out 1,049,234$ 2,158,573$ 505,924$ 475,649$ 4,189,380$
Transfer In
The transfer of $1,049,222 from the Utility Fund to the General Fund represents the 2013
Administrative transfer and the franchise fee based on gross water and wastewater revenue of the
prior year’s audited financial statements. The transfer of $2,389,573 from the General Fund to
the Capital Projects and nonmajor governmental funds represents transfers for capital
replacement. The transfer of $505,924 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.
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Long-term Liabilities
General Obligation Bonds
The government issues general obligation bonds to provide funds for the acquisition and
construction of major capital facilities. General obligation bonds have been issued for
governmental activities. The original amount of general obligation bonds issued in prior years
was $21,985,000.
General obligation bonds are direct obligations and pledge the full faith and credit of the
government. These bonds generally are issued as 20-year serial bonds with equal amounts of
principal maturing each year. General obligation bonds currently outstanding are as follows:
PurposeInterest RatesAmount
Governmental activities2% - 4%16,275,000$
16,275,000$
Long-term liability activity for the year ended September 30, 2013, was as follows:
BalanceBalanceAmounts
September 30,September 30,Due Within
2012AdditionsRetirements2013One Year
Governmental activities
General obligation bonds and
certificates of obligation9,975,000$ -$ 1,300,000$ 8,675,000$ 1,015,000$
Premium on bonds5,249 - 656 4,593 -
Deferred loss on refunding46,328)( - 5,791)( 40,537)( -
Sales tax revenue bonds7,954,732 - 331,546 7,623,186 340,000
Capital lease obligations1,709,120 209,425 616,921 1,301,624 327,586
Compensated absences 732,077 255,546 262,783 724,840 144,968
Total governmental activities 20,329,850 464,971 2,506,115 18,288,706 1,827,554
Business-type activities
Revenue bonds and certificates
of obligation4,195,000 - 975,000 3,220,000 995,000
Premium on bonds89,780 - 9,975 79,805 -
Loss on refunding150,215)( - 16,690)( 133,525)( -
Compensated absences 90,969 55,632 41,708 104,893 20,979
Total business-type activities 4,225,534 55,632 1,009,993 3,271,173 1,015,979
Total primary government 24,555,384$ 520,603$ 3,516,108$ 21,559,879$ 2,843,533$
Component unit
Tax increment financing fund
revenue bonds4,765,000$ -$ 540,000$ 4,225,000$ 555,000$
Bond premium146,828 - 20,976 125,852 -
Loss on refunding 36,568)( - 5,224)( 31,344)( -
Total component unit 4,875,260$ -$ 555,752$ 4,319,508$ 555,000$
For the governmental activities, compensated absences are generally liquidated by the General
Fund.
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Governmental activities long-term liabilities at September 30, 2013, consisted of the following:
$4,895,000Series2006GeneralObligation Refunding bondsduein
annualinstallmentsof$25,000to $540,000throughFebruary15,2019;
interest at 3.64%.2,915,000$
$4,575,000Series2007GeneralObligationBondsdueinannual
installmentsof$50,000to$555,000throughFebruary15,2027;interest
at 4.00%.4,325,000
$2,945,000 Series 2011 General Obligation RefundingBonds due in
annualinstallmentsof$135,000to $800,000throughFebruary15,2020;
interest at 2.00% to 4.00%.1,435,000
Total General Obligation Bonds and Certificates of Obligation 8,675,000$
General obligation bonds and certificates of obligation serviced by property tax revenue:
$9,570,000Series2005ColleyvilleEconomicDevelopment Corporation
RefundingandImprovementSalesTaxRevenueBondsdueinannual
installmentsof$20,000to$635,000throughFebruary15,2029;interest
at 4.10%7,600,000$
Unamortized gain on refunding 23,186
Total Revenue Bonds 7,623,186$
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.
The City’s defeased debt as of September 30, 2013, was $9,599,035.
Business-type activities long-term liabilities at September 30, 2013, consisted of the following:
$1,710,000Series2004WaterworksandWastewaterSystem Refunding
Bondsdueinannualinstallmentsof$150,000to $195,000through
January 1, 2014; interest at 3.73%.195,000$
$3,120,000Series2010WaterworksandWastewaterSystem Refunding
Bondsdueinannualinstallmentsof$155,000to $580,000through
January 1, 2018; interest at 2.00% - 3.00%.1,890,000
Total Water and Wastewater Fund 2,085,000$
Water and Wastewater Fund:
62
Drainage Utility Fund:
$1,550,000Series2011WaterworksandWastewaterSystem Refunding
Bondsdueinannualinstallmentsof$105,000to $225,000through
February 15, 2021; interest at 3.47%.1,135,000$
Total Drainage Utility Fund1,135,000$
Total Business-type activities3,220,000$
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, 2013, the
City was in compliance with these requirements.
The City’s component unit, the Tax Increment Financing District, long-term liabilities at
September 30, 2013, consisted of the following:
$5,255,000Series2011RefundingBondsdueininstallmentsof
$490,000to$665,000beginningin2012throughFebruary15,2020;
interest at 2.0% to 4.0%.4,225,000$
Total Tax Increment Financing District4,225,000$
Tax Increment Financing District
September 30,PrincipalInterestPrincipalInterest
20141,015,000$ 305,948$ 340,000$ 304,630$
2015740,000 278,384 355,000 290,383
2016770,000 251,258 375,000 275,418
2017795,000 223,179 390,000 259,735
2018810,000 194,388 400,000 243,540
2019-20232,475,000 633,528 2,290,000 949,765
2024-20282,070,000 170,600 2,815,000 428,553
2029-2033 - - 635,000 13,018
8,675,000$ 2,057,285$ 7,600,000$ 2,765,042$
Governmental Activities
General
Obligation Bonds and
Certificates of ObligationRevenue Bonds
63
September 30,PrincipalInterest
2014995,000$ 79,704$
2015685,000 57,947
2016450,000 42,446
2017460,000 28,291
2018265,000 16,899
2019-2023 365,000 19,345
3,220,000$ 244,632$
Business-type Activities
Revenue Bonds
September 30,PrincipalInterest
2014555,000$ 128,700$
2015565,000 114,675
2016585,000 97,425
2017600,000 79,650
2018615,000 61,425
2019-2023 1,305,000 52,700
4,225,000$ 534,575$
Discretely Presented Component Unit -
Tax Increment Financing Fund
Revenue Bonds
Capital Leases
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, have 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:
GovernmentalBusiness-type
ActivitiesActivities
Asset:
Machinery and equipment2,749,363$ 25,500$
Less: accumulated depreciation 877,821)( 23,725)(
Total 1,871,542$ 1,775$
64
The future minimum lease obligations and the net present value of these minimum lease
payments as of September 30, 2013, were as follows:
Governmental
Activities
2014363,808$
2015363,808
2016314,086
2017161,419
2018116,839
2019-2023 116,839
Total minimum lease payments1,436,799
Less: amount representing interest 135,175)(
Present value of minimum lease payments 1,301,624$
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:
Plan Year 2011Plan Year 2012Plan Year 2013
Employee deposit rate7.0%7.0%7.0%
Matching ratio (city to employee)2 to 12 to 12 to 1
Years required for vesting555
Service retirement eligibility
(expressed as age/years of service)60/5, 0/2060/5, 0/2060/5, 0/20
Updated service credit100% repeating,100% repeating,100% repeating,
transferstransferstransfers
Annuity increase (to retirees)70% of CPI0% of CPI0% of CPI
65
Contributions
Under the state law governing TMRS, the contribution rate for each City is determined annually by
the actuary, using the Projected Unit Credit actuarial cost method. This rate consists of the normal
cost contribution rate and the prior service cost contribution rate, which is calculated to be a level
percent of payroll from year to year. The normal cost contribution rate finances the portion of an
active member’s projected benefit allocated annually; the prior service contribution rate amortizes
the unfunded (overfunded) actuarial liability (asset) over the applicable period for that city. Both
the normal cost and prior service contribution rates include recognition of the projected impact of
annually repeating benefits, such as Updated Service Credits and Annuity Increases.
The City contributes to the TMRS Plan at an actuarially determined rate. Both the employees
and the City make contributions monthly. Since the City needs to know its contribution rate in
advance for budgetary purposes, there is a one-year delay between the actuarial valuation that
serves as the basis for the rate and the calendar year when the rate goes into effect. The annual
pension cost and net pension obligation/(asset) are as follows:
AccountingAnnual PercentageNet
YearPensionof APCPension
EndingCost (APC)ContributedObligation
09/30/111,220,839 100%-
09/30/12817,843 100%-
09/30/13743,803 100%-
The required contribution rates for fiscal year 2013 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 Date12/31/1012/31/1112/31/12
Actuarial cost methodProjected Unit CreditProjected Unit CreditProjected Unit Credit
Amortization methodLevel percentLevel percentLevel percent
of payrollof payrollof payroll
Asset valuation method10-year smoothed10-year smoothed10-year smoothed
marketmarketmarket
Actuarial Assumptions:
Investment rate of return7.0%7.0%7.0%
Projected salary increasesvaries by agevaries by agevaries by age
and serviceand serviceand service
Inflation3.0%3.0%3.0%
Cost-of-living adjustments0%0%0%
GASB 25 Equivalent Single 38.3 years;27.3 years;26.8 years;
amortization periodclosed periodclosed periodclosed period
Amortization period for
new gains/losses25 years25 years25 years
66
Funded Status and Fund Progress
The funded status as of December 31, 2012, the most recent actuarial valuation date, is presented
as follows:
Actuarial accrued liability (AAL)38,639,275$
Actuarial value of plan assets41,091,987
Unfunded (overfunded) actuarial accrued liability (UAAL)2,452,712)$(
Funded ratio (actuarial value of plan assets/ALL)106.3%
Covered payroll (annual payroll of active
employees covered by the plan)9,940,381
UAAL as a percentage of covered payroll24.7%)(
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 Authority of Texas (TRA) for the purchase of treated
water and for the transportation, treatment and disposal of sanitary sewage and other waste. The initial
terms of the contracts are 35 and 50 years, and they expire in 2014 and 2023. While the provisions of
each of the contracts vary, each contract basically requires the City to pay varying amounts based on
the costs associated with water purchased and sewage transported and/or treated and disposed. The
cost includes the City’s proportionate share of TRA’s operating and maintenance expenses, related debt
service costs, and certain other miscellaneous charges. Purchases of treated water and charges for the
transportation, treatment and disposal of sewage and other wastes during fiscal year 2013 amounted to
approximately $6,445,717 and $1,995,708, respectively.
Advances from Developers
Developers are required by ordinance to construct perimeter streets and related storm drainage
facilities. The developer may request a waiver from the Council for the construction requirements
and instead deposit escrow funds with the City equal to one-half of the estimated cost of
construction, which are utilized by the City to complete the project at some later date. At September
30, 2013, developers had escrowed $2,958,302 with the City in connection with developer
agreements.
67
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 Financing and Insurance
The City is exposed to various risks of loss related to torts, theft of, damage to, and destruction
of assets; errors and omissions; injuries to employees; and natural disasters. During the fiscal
year 1974, the City joined the Texas Municipal League Workers Compensation Joint Insurance
Fund for risks related to employees. During the fiscal year 1992, the City joined the Texas
Municipal League Joint Insurance Fund for risks related to general liability, property and errors
and omissions. Premiums are paid to the Pool, which retains a limit of loss. Reinsurance
companies insure the risks beyond those limits. The City retains, as a risk, only the deductible
amount of each policy. There have been no significant reductions in insurance coverage and no
settlements exceeded insurance coverage in the past three fiscal years.
Other 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) known as the
Supplemental Death Benefits Fund (SDBF). The City elected, by ordinance to provide group
term life insurance coverage to both current and retired employees. The City may terminate
coverage under and discontinue participation in the SDBF by adopting an ordinance before
November 1 of any year to be effective the 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.
The City’s contributions to the TMRS SDBF for the years ended 2013, 2012, and 2011 were
$15,132, $14,480, and $9,752, respectively, which equaled the required contributions each year.
AnnualActual
AccountingRequiredContributionPercentage
YearContributionMadeof ARC
Ending(Rate)(Rate)Contributed
09/30/11.02%.02%100%
09/30/12.013%.013%100%
09/30/13.015%.015%100%
Schedule of Contribution Rates
68
SUBSEQUENT EVENT
On December 20, 2013, the City issued $7,360,000 of Colleyville Economic Development
Corporation Sales Tax Revenue Refunding Bonds, Series 2013. These bonds will refund the
Colleyville Economic Development Corporation Refunding and Improvement Sales Tax
Subordinate Lien Revenue Bonds, Series 2005. The interest rate on the bonds is 4.1% and the
maturity date is February 15, 2029.
69
REQUIRED
SUPPLEMENTARY INFORMATION
70
THIS PAGE INTENTIONALLY LEFT BLANK
71
CITY OF COLLEYVILLE, TEXAS
REQUIRED SUPPLEMENTARY INFORMATION
TEXAS MUNICIPAL RETIREMENT SYSTEM
SCHEDULE OF FUNDING PROGRESS
Unfunded
(Overfunded)Unfunded Actuarial
ActuarialActuarialActuarialActuarialAnnualAccrued Liability
ValuationValue ofAccruedFundedAccruedCoveredas a Percentage
DateAssetsLiabilityRatioLiabilityPayrollof Covered Payroll
12/31/201035,451,160$ 34,974,234$ 101.4% 476,926)$( 10,125,274$ 4.7%)(
12/31/201138,477,205 36,643,865 105.0% 1,833,340)( 9,661,349 19.0%)(
12/31/201241,091,987 38,639,275 106.3% 2,452,712)( 9,940,381 24.7%)(
72
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 Officer Standards and Education) – This fund is used to
account for activities related to the continuing education of qualified law enforcement
officers as funded by the State of Texas LEOSE Account.
Colleyville Economic Development – This fund is used to account for the use of bond
proceeds and sales tax revenues for municipal park improvements, the purchase of land and
equipment for additional neighborhood parks and for the construction of a community center
and library.
Crime District – This fund is used to account for the Colleyville Crime Control and
Prevention District formed to act on behalf of the City for financing the development of
crime control throughout the City.
73
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 fire 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.
Juvenile Case Manager – This fund is used to account for staff, whose primary role is handling
juvenile defendants in terms of teen court dockets, all school violations including truancy, failure
to attend school and parental noncompliance violations, and mandatory classes for drug, tobacco
and alcohol defendants, as permitted by state statute.
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 Tomorrow Fund – is used to account for 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.
Park Land Dedication Fund – This fund is used to account for the acquisition of land for new
park sites and to make improvements to or expand existing parks to better serve new
development. Fees collected from the developers of residential and commercial development
finance the improvements.
Colleyville Economic Development Corporation (CEDC) – This fund is used to account for
financial resources to be used for the acquisition or construction or 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.
74
Voluntary Park
Voluntary
Library
Police Asset
Forfeiture
ASSETS
Cash and cash equivalents 27,767$ 28,781$ 6,687$
Investments 599,675 359,145 -
Due from other governments - - -
Accrued interest 332 388 -
Total assets 627,774$ 388,314$ 6,687$
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable -$ -$ -$
Accrued liabilities - - -
Due to other funds - - -
Advances from developers - - -
Total liabilities - - -
Fund balances:
Restricted - - 6,687
Committed 627,774 388,314 -
Assigned - - -
Unreserved - - -
Total fund balances 627,774 388,314 6,687
Total liabilities and fund balances 627,774$ 388,314$ 6,687$
CITY OF COLLEYVILLE, TEXAS
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2013
Special Revenue Funds
75
Tree
Preservation
Library
Donation
Recreational
Event
Colleyville
Center
Development Recycling LEOSE
18,427$ 127,441$ -$ 5,857$ 3,648$ 8,356$
- - - - - -
- - - - - -
- - - - - -
18,427$ 127,441$ -$ 5,857$ 3,648$ 8,356$
-$ -$ -$ -$ 5,969$ -$
- - - - - -
- - - - - -
13,724 - - - - -
13,724 - - - 5,969 -
- 127,441 - 5,857 - 8,356
4,703 - - - - -
- - - - - -
- - - - 2,321)( -
4,703 127,441 - 5,857 2,321)( 8,356
18,427$ 127,441$ -$ 5,857$ 3,648$ 8,356$
Special Revenue Funds
76
Colleyville
Economic
Development Crime District
Kidsville
Maintenance
ASSETS
Cash and cash equivalents 1,444,979$ 997,081$ 20,426$
Investments 561,623 - -
Due from other governments 272,101 228,703 -
Accrued interest 1,224 - -
Total assets 2,279,927$ 1,225,784$ 20,426$
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable 2,554$ 53$ -$
Accrued liabilities - 9,147 -
Due to other funds - - -
Advances from developers - - -
Total liabilities 2,554 9,200 -
Fund balances:
Restricted 2,277,373 1,216,584 20,426
Committed - - -
Assigned - - -
Unreserved - - -
Total fund balances 2,277,373 1,216,584 20,426
Total liabilities and fund balances 2,279,927$ 1,225,784$ 20,426$
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2013
(Continued)
CITY OF COLLEYVILLE, TEXAS
COMBINING BALANCE SHEET
Special Revenue Funds
77
Special
Donations
Court
Technology Court Security TDPA Grant Public Art
Juvenile Case
Manager
54,046$ -$ 72,960$ 8,133$ 7,904$ -$
- - - - - -
- 79,169 949 - - -
- - - - - -
54,046$ 79,169$ 73,909$ 8,133$ 7,904$ -$
-$ -$ -$ -$ -$ 9$
- - - - - 1,664
- 51,667 - - - 981
- - - - - -
- 51,667 - - - 2,654
54,046 27,502 73,909 8,133 - -
- - - - - -
- - - - 7,904 -
- - - - - 2,654)(
54,046 27,502 73,909 8,133 7,904 2,654)(
54,046$ 79,169$ 73,909$ 8,133$ 7,904$ -$
Special Revenue Funds
78
Colleyville
Tomorrow
Parks
Tomorrow
Park Land
Dedication
ASSETS
Cash and cash equivalents 1,880,646$ 1,201,299$ 24,199$
Investments 375,242 - 1,601,354
Due from other governments - - -
Accrued interest 163 - 987
Total assets 2,256,051$ 1,201,299$ 1,626,540$
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable -$ -$ -$
Accrued liabilities - - -
Due to other funds - - -
Advances from developers - - -
Total liabilities - - -
Fund balances:
Restricted - - -
Committed 2,256,051 1,201,299 1,626,540
Assigned - - -
Unreserved - - -
Total fund balances 2,256,051 1,201,299 1,626,540
Total liabilities and fund balances 2,256,051$ 1,201,299$ 1,626,540$
SEPTEMBER 30, 2013
Capital Project Funds
CITY OF COLLEYVILLE, TEXAS
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
(Continued)
79
CEDC Capital
Project
Capital and
Cable
Equipment
Replacement Kimzey Park
Total
Governmental
Funds
175,070$ 452,648$ 3,576$ 6,569,931$
- 450,011 - 3,947,050
- - - 580,922
- 48 - 3,142
175,070$ 902,707$ 3,576$ 11,101,045$
21,245$ -$ -$ 29,830$
- - - 10,811
- - - 52,648
- - - 13,724
21,245 - - 107,013
- - - 3,826,314
153,825 - 3,576 6,262,082
- 902,707 - 910,611
- - - 4,975)(
153,825 902,707 3,576 10,994,032
175,070$ 902,707$ 3,576$ 11,101,045$
Capital Project Funds
80
Voluntary Park
Voluntary
Library
Police Asset
Forfeiture
REVENUES
Taxes -$ -$ -$
Fees and fines - - -
Intergovernmental - - -
Charges for services - - -
Donations 153,949 153,949 -
Investment earnings 2,441 949 -
Miscellaneous - - -
Total revenues 156,390 154,898 -
EXPENDITURES
Current:
General government - - -
Community development and engineering - - -
Fire and rescue - - -
Leisure services - 135,667 -
Municipal court - - -
Police - - 486
Debt service:
Principal - - -
Interest and other charges - - -
Capital outlay - - -
Total expenditures - 135,667 486
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 156,390 19,231 486)(
OTHER FINANCING SOURCES (USES)
Transfers in - - -
Transfers out - - -
Total other financing sources and uses - - -
NET CHANGE IN FUND BALANCES 156,390 19,231 486)(
FUND BALANCES, BEGINNING 471,384 369,083 7,173
FUND BALANCES, ENDING 627,774$ 388,314$ 6,687$
Special Revenue Funds
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
CITY OF COLLEYVILLE, TEXAS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
81
Tree
Preservation
Library
Donation
Recreational
Event
Colleyville
Center
Development Recycling LEOSE
-$ -$ -$ -$ -$ -$
- - - - - -
- 3,000 - - - -
- - - - - -
- 15,044 1,600 - - -
- - - - - -
- - - - 15,000 -
- 18,044 1,600 - 15,000 -
- - - - 19,051 -
- - - - - -
- - - - - 50
500 31,434 1,827 592 - -
- - - - - -
- - - - - 550
- - - - - -
- - - - - -
- - - - - -
500 31,434 1,827 592 19,051 600
500)( 13,390)( 227)( 592)( 4,051)( 600)(
- - - - - -
- - - - - -
- - - - - -
500)( 13,390)( 227)( 592)( 4,051)( 600)(
5,203 140,831 227 6,449 1,730 8,956
4,703$ 127,441$ -$ 5,857$ 2,321)$( 8,356$
Special Revenue Funds
82
Colleyville
Economic
Development Crime District
Kidsville
Maintenance
REVENUES
Taxes 1,534,635$ 1,294,043$ -$
Fees and fines - - -
Intergovernmental - - -
Charges for services - - -
Donations 5,000 - -
Investment earnings 3,620 1,195 -
Miscellaneous - - -
Total revenues 1,543,255 1,295,238 -
EXPENDITURES
Current:
General government - - -
Community development and engineering 127,196 - -
Fire and rescue - - -
Leisure services 202,763 - -
Municipal court - - -
Police - 501,764 -
Debt service:
Principal 330,000 - -
Interest and other charges 318,365 - -
Capital outlay 121,072 191,247 -
Total expenditures 1,099,396 693,011 -
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 443,859 602,227 -
OTHER FINANCING SOURCES (USES)
Transfers in - - -
Transfers out 165,331)( 521,924)( -
Total other financing sources and uses 165,331)( 521,924)( -
NET CHANGE IN FUND BALANCES 278,528 80,303 -
FUND BALANCES, BEGINNING 1,998,845 1,136,281 20,426
FUND BALANCES, ENDING 2,277,373$ 1,216,584$ 20,426$
COMBINING STATEMENT OF REVENUES, EXPENDITURES
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Special Revenue Funds
AND CHANGES IN FUND BALANCES
CITY OF COLLEYVILLE, TEXAS
NONMAJOR GOVERNMENTAL FUNDS
(Continued)
83
Special
Donations
Court
Technology Court Security TDPA Grant Public Art
Juvenile Case
Manager
-$ -$ -$ -$ -$ -$
- 32,415 47,588 - - 28,359
5,247 - - - - -
- 79,169 - - - -
36,790 - - - - -
- - - - - -
- - - - - -
42,037 111,584 47,588 - - 28,359
- - - - - -
- - - - - -
5,151 - - 4,027 - -
2,673 - - - - -
- 125,194 24,197 - - 31,008
8,162 - - - - -
- - - - - -
- - - - - -
12,035 - - - - -
28,021 125,194 24,197 4,027 - 31,008
14,016 13,610)( 23,391 4,027)( - 2,649)(
- - - - - -
- 4)( 3)( - - 5)(
- 4)( 3)( - - 5)(
14,016 13,614)( 23,388 4,027)( - 2,654)(
40,030 41,116 50,521 12,160 7,904 -
54,046$ 27,502$ 73,909$ 8,133$ 7,904$ 2,654)$(
Special Revenue Funds
84
Colleyville
Tomorrow
Parks
Tomorrow
Park Land
Dedication
REVENUES
Taxes -$ -$ -$
Fees and fines - - -
Intergovernmental - - -
Charges for services - - -
Donations - - 120,734
Investment earnings 3,550 1,763 4,914
Miscellaneous - - -
Total revenues 3,550 1,763 125,648
EXPENDITURES
Current:
General government - - -
Community development and engineering - - -
Fire and rescue - - -
Leisure services - 716 -
Municipal court - - -
Police - - -
Debt service:
Principal - - -
Interest and other charges - - -
Capital outlay 303,980 - -
Total expenditures 303,980 716 -
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 300,430)( 1,047 125,648
OTHER FINANCING SOURCES (USES)
Transfers in 228,649 - -
Transfers out - - -
Total other financing sources and uses 228,649 - -
NET CHANGE IN FUND BALANCES 71,781)( 1,047 125,648
FUND BALANCES, BEGINNING 2,327,832 1,200,252 1,500,892
FUND BALANCES, ENDING 2,256,051$ 1,201,299$ 1,626,540$
CITY OF COLLEYVILLE, TEXAS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
(Continued)
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Capital Project Funds
85
CEDC Capital
Project
Capital and
Cable
Equipment
Replacement Kimzey Park
Total
Governmental
Funds
-$ -$ -$ 2,828,678$
- - - 108,362
- - - 8,247
- - - 79,169
- - - 487,066
- 1,934 - 20,366
- - - 15,000
- 1,934 - 3,546,888
- 107,714 - 126,765
- - - 127,196
- - - 9,228
74,947 - - 451,119
- - - 180,399
- 44,889 - 555,851
- - - 330,000
- - - 318,365
86,066 138,581 - 852,981
161,013 291,184 - 2,951,904
161,013)( 289,250)( - 594,984
- 247,000 - 475,649
- - - 687,267)(
- 247,000 - 211,618)(
161,013)( 42,250)( - 383,366
314,838 944,957 3,576 10,610,666
153,825$ 902,707$ 3,576$ 10,994,032$
Capital Project Funds
86
Variance with
Budget -
Positive
Budget Actual (Negative)
REVENUES
Taxes 1,338,147$ 1,480,388$ 142,241$
Investment earnings 2,375 1,595 780)(
Total revenues 1,340,522 1,481,983 141,461
EXPENDITURES
Debt service:
Principal retirement 1,916,921 1,916,921 -
Interest and fiscal charges 379,525 378,775 750
Total expenditures 2,296,446 2,295,696 750
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 955,924)( 813,713)( 142,211
OTHER FINANCING SOURCES
Transfers in 505,924 505,924 -
Total other financing sources 505,924 505,924 -
NET CHANGE IN FUND BALANCE 450,000)( 307,789)( 142,211
FUND BALANCE, BEGINNING 1,239,412 1,239,412 -
FUND BALANCE, ENDING 789,412$ 931,623$ 142,211$
FOR THE YEAR ENDED SEPTEMBER 30, 2013
CITY OF COLLEYVILLE, TEXAS
DEBT SERVICE FUND
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
87
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.
88
Employee
Activity Sesquicentennial
Fund Fund Total
ASSETS
Cash and cash equivalents 6,410$ 17,873$ 24,283$
Total assets 6,410$ 17,873$ 24,283$
LIABILITIES
Due to other agencies and individuals 6,410$ 17,873$ 24,283$
Total liabilities 6,410$ 17,873$ 24,283$
CITY OF COLLEYVILLE, TEXAS
COMBINING STATEMENT OF FIDUCIARY NET POSITION
AGENCY FUNDS
SEPTEMBER 30, 2013
89
Balance Balance
10/01/12 Additions Deletions 09/30/13
Cash and cash equivalents 6,366$ 3,189$ 3,145$ 6,410$
Total assets 6,366$ 3,189$ 3,145$ 6,410$
Due to other agencies and individuals 6,366$ 3,189$ 3,145$ 6,410$
Total liabilities 6,366$ 3,189$ 3,145$ 6,410$
Balance Balance
10/01/12 Additions Deletions 09/30/13
Cash and cash equivalents 17,538$ 335$ -$ 17,873$
Total assets 17,538$ 335$ -$ 17,873$
Due to other agencies and individuals 17,538$ 335$ -$ 17,873$
Total liabilities 17,538$ 335$ -$ 17,873$
Balance Balance
10/01/12 Additions Deletions 09/30/13
Cash and cash equivalents 23,904$ 3,524$ 3,145$ 24,283$
Total assets 23,904$ 3,524$ 3,145$ 24,283$
Due to other agencies and individuals 23,904$ 3,524$ 3,145$ 24,283$
Total liabilities 23,904$ 3,524$ 3,145$ 24,283$
Employee Activity Fund
Sesquicentennial Fund
Total Agency Funds
CITY OF COLLEYVILLE, TEXAS
COMBINING STATEMENT OF CHANGES IN
AGENCY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
ASSETS AND LIABILITIES
90
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91
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.
92
2004 2005 2006
Governmental activities:
Net investment in capital assets 60,055,616$ 60,884,756$ 66,991,146$
Restricted for:
Debt service 756,516 896,130 937,578
Court security and technology - - -
Grant programs - - -
Leisure services - - -
Economic development - - -
Streets and drainage - - -
Police - - -
Unrestricted 15,948,497 19,132,376 19,002,816
Total governmental activities net position 76,760,629$ 80,913,262$ 86,931,540$
Business-type activities:
Net investment in capital assets 23,957,432$ 24,827,365$ 25,919,619$
Restricted for:
Debt service 668,239 670,571 882,821
Unrestricted 15,470,275 16,374,236 19,253,772
Total business-type activities net position 40,095,946$ 41,872,172$ 46,056,212$
Primary government:
Net investment in capital assets 84,013,048$ 85,712,121$ 92,910,765$
Restricted for:
Debt service 1,424,755 1,566,701 1,820,399
Court security and technology - - -
Grant programs - - -
Leisure services - - -
Economic development - - -
Streets and drainage - - -
Police - - -
Unrestricted 31,418,772 35,506,612 38,256,588
Total primary government net position 116,856,575$ 122,785,434$ 132,987,752$
Note: The City implemented GASB 54 in fiscal year 2011 to provide clearer fund balance classifications.
Prior years were not restated.
Fiscal Year
CITY OF COLLEYVILLE, TEXAS
NET POSITION BY COMPONENT
(Accrual Basis of Accounting)
93
TABLE 1
2007 2008 2009 2010 2011 2012 2013
71,824,719$ 77,484,725$ 79,243,497$ 81,970,674$ 83,166,142$ 83,211,988$ 84,414,252$
1,032,586 889,689 1,040,896 1,057,699 1,106,893 1,159,092 857,143
- - - - 153,420 91,637 101,411
- - - - 23,208 21,116 16,489
- - - - 201,184 207,736 207,770
- - - - 1,863,900 1,998,845 2,277,373
- - - - 6,428,106 8,192,568 8,432,946
- - - - 994,913 1,143,454 1,223,271
21,987,778 21,862,136 27,498,864 25,936,703 17,837,593 19,559,719 18,680,620
94,845,083$ 100,236,550$ 107,783,257$ 108,965,076$ 111,775,359$ 115,586,155$ 116,211,275$
32,804,703$ 39,442,148$ 39,174,562$ 39,080,043$ 38,892,098$ 38,395,708$ 39,269,943$
1,080,751 1,024,349 987,181 983,225 662,050 - -
13,626,274 7,837,790 8,127,736 7,747,336 10,111,776 12,332,238 13,702,724
47,511,728$ 48,304,287$ 48,289,479$ 47,810,604$ 49,665,924$ 50,727,946$ 52,972,667$
104,629,422$ 116,926,873$ 118,418,059$ 121,050,717$ 122,058,240$ 121,607,696$ 123,684,195$
2,113,337 1,914,038 2,028,077 2,040,924 1,768,943 1,159,092 857,143
- - - - 153,420 91,637 101,411
- - - - 23,208 21,116 16,489
- - - - 201,184 207,736 207,770
- - - - 1,863,900 1,998,845 2,277,373
- - - - 6,428,106 8,192,568 8,432,946
- - - - 994,913 1,143,454 1,223,271
35,614,052 29,699,926 35,626,600 33,684,039 27,949,369 31,891,957 32,383,344
142,356,811$ 148,540,837$ 156,072,736$ 156,775,680$ 161,441,283$ 166,314,101$ 169,183,942$
Fiscal Year
94
2004 2005 2006
EXPENSES
Governmental activities:
General government 2,542,016$ 2,245,964$ 2,729,064$
Community Development and Engineering 1,281,429 1,164,345 1,267,136
Fire and rescue 3,144,814 3,325,103 3,814,585
Leisure services 2,953,528 2,923,958 3,513,992
Maintenance 364,256 364,434 383,504
Municipal court 250,551 238,874 270,345
Police 3,295,263 3,533,083 3,801,644
Streets and drainage 2,562,499 2,970,475 2,932,465
Interest on long-term debt 1,290,825 1,190,857 1,142,043
Total governmental activities expenses 17,685,181 17,957,093 19,854,778
Business-type activities:
Water and wastewater 7,850,570 8,962,630 9,428,373
Drainage 517,713 550,005 548,963
Interest on long-term debt - - 440,703
Total business-type activities expenses 8,368,283 9,512,635 10,418,039
Total primary government program expenses 26,053,464$ 27,469,728$ 30,272,817$
PROGRAM REVENUES
Governmental activities:
Charges for services:
General government 16,000$ 6,000$ 6,000$
Community Development and Engineering 1,687,921 1,515,052 2,163,596
Fire and rescue 125,081 136,498 239,386
Leisure services 399,319 386,658 448,606
Municipal court 508,572 492,805 813,781
Police 66,135 95,234 70,899
Streets and drainage 512,171 336,111 472,860
Operating grants and contributions 619,459 523,704 399,819
Capital grants and contributions 3,857,202 3,283,774 4,355,357
Total governmental activities program revenues 7,791,860 6,775,836 8,970,304
CITY OF COLLEYVILLE, TEXAS
CHANGES IN NET POSITION
(Accrual Basis of Accounting)
Fiscal Year
95
2007 2008 2009 2010 2011 2012 2013
2,438,051$ 2,814,874$ 2,945,481$ 2,691,905$ 2,715,154$ 3,125,214$ 4,075,001$
1,523,768 1,481,124 1,530,901 1,645,221 1,402,669 1,397,839 1,429,755
3,790,831 3,958,111 4,113,793 4,419,945 4,421,496 4,321,929 4,529,225
3,525,094 4,033,105 3,941,259 4,118,769 4,191,960 4,124,619 4,106,822
434,984 417,265 455,752 423,783 412,513 400,306 494,545
262,198 324,020 291,724 302,756 303,839 319,445 586,709
4,232,185 4,657,438 4,841,217 4,836,274 4,878,055 4,579,570 4,961,444
2,890,995 3,129,730 3,503,519 3,885,182 3,657,591 3,073,530 5,322,510
1,032,374 1,101,714 1,051,180 1,000,061 849,390 780,029 724,458
20,130,480 21,917,381 22,674,826 23,323,896 22,832,667 22,122,481 26,230,469
9,337,282 11,179,548 10,612,372 11,242,553 12,009,187 12,258,587 12,544,530
671,773 593,600 658,016 572,234 742,160 723,994 707,647
400,752 362,642 331,361 296,288 - - -
10,409,807 12,135,790 11,601,749 12,111,075 12,751,347 12,982,581 13,252,177
30,540,287$ 34,053,171$ 34,276,575$ 35,434,971$ 35,584,014$ 35,105,062$ 39,482,646$
6,000$ 16,000$ 15,000$ 15,000$ 97,234$ 28,408$ 15,000$
1,454,744 1,332,453 666,914 647,298 868,363 1,146,518 927,690
303,868 250,814 271,216 235,225 305,882 335,308 308,339
424,024 563,738 6,595,487 468,426 1,213,167 520,433 501,260
932,452 1,171,919 1,002,008 1,213,178 970,143 1,015,804 1,271,095
81,054 79,699 51,631 94,059 70,709 81,056 70,513
355,157 358,688 215,619 345,780 296,350 338,845 316,338
431,683 1,856,567 713,189 543,516 822,056 490,069 468,361
5,372,281 3,973,954 360,023 423,873 405,347 381,308 1,158,050
9,361,263 9,603,832 9,891,087 3,986,355 5,049,251 4,337,749 5,036,646
TABLE 2
Fiscal Year
96
2004 2005 2006
PROGRAM REVENUES
Business-type activities:
Charges for services:
Water and wastewater 8,924,942$ 9,856,889$ 12,357,576$
Drainage 677,913 675,045 830,292
Capital grants and contributions 1,412,990 844,256 1,100,354
Total business-type activities program revenues 11,015,845 11,376,190 14,288,222
Total primary government program revenues 18,807,705$ 18,152,026$ 23,258,526$
NET (EXPENSE) REVENUES
Governmental activities 9,893,321)$( 11,181,257)$( 10,884,474)$(
Business-type activities 2,647,562 1,863,555 3,870,183
Total primary government net expense 7,245,759)( 9,317,702)( 7,014,291)(
GENERAL REVENUES AND OTHER CHANGES IN NET POSITION
Governmental activities:
Taxes
Property 8,534,388 8,938,888 9,483,546
Franchise 1,458,079 1,477,749 1,790,543
Sales 3,381,634 3,801,369 4,355,627
Other 37,296 53,974 76,005
Investment earnings 217,316 443,570 904,361
Miscellaneous 53,538 153,947 65,313
Gain on sale of capital assets - - -
Transfers 473,366 464,393 532,357
Total governmental activities 14,155,617 15,333,890 17,207,752
Business-type activities:
Investment earnings 162,645 377,064 846,214
Gain on sale of capital assets - - -
Transfers 473,366)( 464,393)( 532,357)(
Total business-type activities 310,721)( 87,329)( 313,857
Total primary government 13,844,896 15,246,561 17,521,609
CHANGE IN NET POSITION
Governmental activities 4,262,296 4,152,633 6,323,278
Business-type activities 2,336,841 1,776,226 4,184,040
Total primary government 6,599,137$ 5,928,859$ 10,507,318$
Note: See Table 9 for information about Water and Wastewater Charges for services
Fiscal Year
(Accrual Basis of Accounting)
CITY OF COLLEYVILLE, TEXAS
CHANGES IN NET POSITION
97
(continued)
2007 2008 2009 2010 2011 2012 2013
9,127,470$ 11,114,892$ 11,303,868$ 11,414,425$ 14,355,418$ 14,034,600$ 14,661,491$
841,972 859,013 874,637 897,361 903,089 918,323 928,863
1,561,255 1,415,785 63,293 147,014 168,365 169,464 876,660
11,530,697 13,389,690 12,241,798 12,458,800 15,426,872 15,122,387 16,467,014
20,891,960$ 22,993,522$ 22,132,885$ 16,445,155$ 20,476,123$ 19,460,136$ 21,503,660$
10,769,217)$( 12,313,549)$( 12,783,739)$( 19,337,541)$( 17,783,416)$( 17,784,732)$( 21,193,823)$(
1,120,890 1,253,900 640,049 347,725 2,675,525 2,139,806 3,214,837
9,648,327)( 11,059,649)( 12,143,690)( 18,989,816)( 15,107,891)( 15,644,926)( 17,978,986)(
10,153,775 11,367,967 12,121,420 12,557,716 12,414,948 12,414,457 12,497,692
1,779,376 1,818,060 2,017,440 1,867,065 2,031,268 2,207,463 2,074,731
4,674,068 4,740,964 4,718,976 4,936,484 5,056,597 5,495,730 5,902,557
89,132 82,532 74,198 75,365 80,731 65,808 68,592
1,224,361 804,864 471,524 76,968 95,822 108,192 77,269
97,963 96,348 77,854 82,833 55,454 74,041 85,562
- 116,112 25,237 65,306 - 147,969 -
664,085 841,936 823,797 857,622 858,879 1,081,868 1,112,540
18,682,760 19,868,783 20,330,446 20,519,359 20,593,699 21,595,528 21,818,943
998,710 380,595 168,940 15,158 38,674 4,084 38,987
- - - 15,864 - - 103,437
664,085)( 841,936)( 823,797)( 857,622)( 858,879)( 1,081,868)( 1,112,540)(
334,625 461,341)( 654,857)( 826,600)( 820,205)( 1,077,784)( 970,116)(
19,017,385 19,407,442 19,675,589 19,692,759 19,773,494 20,517,744 20,848,827
7,913,543 7,555,234 7,546,707 1,181,818 2,810,283 3,810,796 625,120
1,455,515 792,559 14,808)( 478,875)( 1,855,320 1,062,022 2,244,721
9,369,058$ 8,347,793$ 7,531,899$ 702,943$ 4,665,603$ 4,872,818$ 2,869,841$
Fiscal Year
TABLE 2
98
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99
TABLE 3
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
General fund
Non-spendable -$ -$ -$ -$ -$ -$ -$ 2,147$ 132,664$ 1,759$
Restricteed - - - - - - - - - -
Committed - - - - - - - 706,942 813,536 813,536
Assigned - - - - - - - - - -
Unassigned 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 11,006,716
Total general fund 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$ 11,822,011$
All other governmental funds
Non-spendable -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Restricted 3,056,810 2,959,583 1,082,681 1,254,686 987,681 1,121,567 1,154,570 10,853,638 12,894,768 13,190,883
Committed - - - - - - - 5,967,620 6,193,060 6,262,082
Assigned - - - - - - - 1,148,548 954,818 910,611
Unassigned - - - - - - - 4,975)(
Unassigned, reported in:
Special revenue funds 2,459,810 3,251,861 4,760,679 4,814,412 5,696,905 7,267,350 5,664,493 - - -
Capital projects funds 4,967,859 7,438,437 7,012,225 9,055,431 7,811,492 12,369,631 11,524,206 - - -
Total all other
governmental funds 10,484,479$ 13,649,881$ 12,855,585$ 15,124,529$ 14,496,078$ 20,758,548$ 18,343,269$ 17,969,806$ 20,042,646$ 20,358,601$
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.
(Modified Accrual Basis of Accounting)
Fiscal Year
CITY OF COLLEYVILLE, TEXAS
FUND BALANCES
GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
100
TABLE 4
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
REVENUES
Taxes 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$ 20,541,466$
Developer contributions 416,319 274,996 549,911 683,425 226,488 - - - - -
Licenses, fees and permits 1,505,512 1,359,329 1,931,265 1,244,218 1,113,595 646,302 607,132 923,590 1,130,426 857,135
Capital improvement fees 577,171 366,111 482,860 389,657 358,688 208,622 334,075 281,260 322,498 300,900
Drainage fees - - - - - - - - - -
Fines and penalties 520,926 513,129 841,595 965,416 1,203,260 1,028,425 1,244,146 998,221 1,051,899 1,000,954
Charges for services 952,452 940,212 1,173,394 1,190,327 1,322,732 7,129,322 917,884 1,694,993 1,030,439 1,321,927
Interest 217,316 443,570 904,361 1,224,361 804,864 471,524 76,968 95,823 110,550 77,269
Intergovernmental 328,040 167,293 5,409 4,361 1,437,935 350,468 100,807 541,709 124,056 76,506
Donations 797,042 502,789 396,627 735,756 548,093 401,432 379,853 602,401 406,789 487,066
Miscellaneous 92,198 183,902 83,730 107,700 116,280 155,100 97,833 70,453 89,041 100,562
Total revenues 18,845,321 19,028,341 22,078,097 23,246,511 25,107,380 29,280,675 23,112,056 24,836,184 24,500,710 24,763,785
EXPENDITURES
General government 2,445,219 1,873,091 2,107,398 2,247,359 2,537,699 2,639,218 2,423,869 2,383,276 2,753,457 3,171,582
Comm Development/Eng 1,281,745 1,160,232 1,265,251 1,467,216 1,462,566 1,531,785 1,642,047 1,397,256 1,396,259 1,429,574
Fire 3,057,879 3,166,840 3,657,554 3,517,817 3,755,575 3,840,118 3,955,407 3,972,053 3,888,225 4,062,535
Police 3,126,469 3,293,320 3,558,154 3,961,975 4,395,056 4,588,576 4,552,947 4,596,862 4,304,710 4,670,639
Leisure services 2,489,222 2,388,761 2,838,637 2,913,798 3,171,514 3,058,332 3,173,352 3,177,878 3,049,908 3,035,583
Streets and drainage 1,420,620 1,656,187 1,604,425 1,485,756 1,649,037 1,917,536 2,297,719 2,052,298 1,388,970 3,597,965
Municipal court 250,597 238,245 270,037 252,961 323,059 291,893 302,172 302,666 319,084 586,911
Maintenance 356,819 357,983 377,144 415,708 410,636 449,806 417,946 405,911 394,830 489,685
Capital outlay 1,939,241 1,459,940 4,491,341 6,337,656 5,150,286 2,759,774 4,935,053 2,510,027 2,515,115 2,668,074
Debt service:
Interest 1,277,593 1,289,866 1,141,817 1,094,001 2,584,790 1,033,148 944,751 838,320 757,594 697,140
Principal 1,617,633 1,573,308 1,929,047 2,005,204 1,189,798 2,275,553 2,180,061 2,259,004 2,007,585 2,246,921
Total expenditures 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 26,656,609
CITY OF COLLEYVILLE, TEXAS
CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(Modified Accrual Basis of Accounting)
101
TABLE 4
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
EXCESS OF REVENUES
OVER (UNDER)
EXPENDITURES 417,716)$( 570,568$ 1,162,708)$( 2,452,940)$( 1,522,636)$( 4,894,936$ 3,713,268)$( 940,633$ 1,724,973$ 1,892,824)$(
OTHER FINANCING
SOURCES (USES)
Bonds issued - 9,570,000 - 9,890,000 - - - 2,945,000 - -
Refunding bonds - - - -- - - - - -
Notes payable - 94,187 - -- - - - - -
Capital lease - - 408,716 -176,150 - 981,238 - 894,534 209,425
Sale of capital assets - - 152,270 8,800 98,168 33,759 65,306 7,098 147,969 -
Premium on bond issue 6,561 - -
Payments to escrow - 7,450,606)( - 4,921,334)( - - - 3,012,910)( - -
Transfers in 1,115,261 1,675,954 2,203,261 1,637,154 2,082,101 2,338,776 1,884,896 2,458,396 3,893,584 4,189,380
Transfers out 641,895)( 1,211,561)( 1,670,904)( 973,069)( 1,240,165)( 1,514,979)( 1,027,274)( 1,599,517)( 2,811,716)( 3,076,840)(
Total other financing
sources (uses)473,366 2,677,974 1,093,343 5,641,551 1,116,254 857,556 1,904,166 804,628 2,124,371 1,321,965
NET CHANGE IN
FUND BALANCES 55,650$ 3,248,542$ 69,365)$( 3,188,611$ 406,382)$( 5,752,492$ 1,809,102)$( 1,745,261$ 3,849,344$ 570,859)$(
DEBT SERVICE AS
A PERCENTAGE
OF NONCAPITAL
EXPENDITURES 16.7% 16.8% 16.4% 16.0% 17.6% 15.3% 14.3% 14.5% 13.6% 12.3%
Note: Capital Outlay does not include contributed capital assets received from developers.
LAST TEN FISCAL YEARS
(Modified Accrual Basis of Accounting)
CITY OF COLLEYVILLE, TEXAS
CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
102
TABLE 5
Estimated
Less:Total Taxable Total Actual
Fiscal Residential Personal Tax-exempt Assessed Direct Taxable
Year Property Property Property Value Tax Rate Value
2004 2,726,410,622 73,845,277 219,774,274 2,580,481,625 0.3474 2,580,481,625
2005 2,793,606,203 78,255,043 219,264,381 2,652,596,865 0.3474 2,652,596,865
2006 3,015,929,674 79,122,702 221,809,521 2,873,242,855 0.3474 2,873,242,855
2007 3,229,353,459 86,080,918 228,115,791 3,087,318,586 0.3474 3,087,318,586
2008 3,531,988,996 97,998,283 228,915,486 3,401,071,793 0.3559 3,401,071,793
2009 3,748,968,313 99,556,111 230,676,995 3,617,847,429 0.3559 3,617,847,429
2010 3,907,288,105 95,261,420 237,293,931 3,765,255,594 0.3559 3,765,255,594
2011 3,917,415,346 92,176,541 253,414,335 3,756,177,552 0.3559 3,756,177,552
2012 3,941,020,477 89,758,416 277,077,387 3,753,701,506 0.3559 3,753,701,506
2013 3,997,250,723 91,264,033 296,807,896 3,791,706,860 0.3559 3,791,706,860
Source:Tarrant Appraisal District
Note:
CITY OF COLLEYVILLE, TEXAS
ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
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.
103
TABLE 6
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 District County District District
2004 0.28700 0.06040 0.34740 1.6170 1.9025 1.70105 1.6616 1.6762 0.27250 0.139380 0.235397
2005 0.29072 0.05668 0.34740 1.6170 1.9350 1.70000 1.7105 1.6975 0.27250 0.139380 0.235397
2006 0.27771 0.06969 0.34740 1.6170 1.9350 1.70000 1.7230 1.7158 0.27250 0.139380 0.235397
2007 0.27873 0.06867 0.34740 1.5650 1.7950 1.57430 1.5976 1.6080 0.27150 0.139380 0.235397
2008 0.28299 0.07291 0.35590 1.4050 1.4650 1.29000 1.3037 1.3574 0.26650 0.139380 0.230397
2009 0.28860 0.06731 0.35590 1.4100 1.4150 1.29000 1.2955 1.4169 0.26400 0.137960 0.227897
2010 0.29864 0.05726 0.35590 1.4050 1.4150 1.29000 1.2955 1.4863 0.26400 0.137670 0.227897
2011 0.29758 0.05832 0.35590 1.4250 1.4150 1.29000 1.2882 1.5306 0.26400 0.137600 0.227900
2012 0.30881 0.04709 0.35590 1.4350 1.4150 1.32010 1.4140 1.5400 0.26400 0.148970 0.227897
2013 0.31385 0.04205 0.35590 1.4350 1.4000 1.32010 1.4075 1.5400 0.26400 0.148970 0.227897
Source:Tarrant Appraisal District
Notes:Overlapping ratesare thoseof localand countygovernments that apply to propertyowners withintheCity of Colleyville,Texas.Not all school district overlapping rates apply to all
Colleyville propertyowners because theCityis served by fivedifferent independentschool districts;for example,although the countyproperty taxrates apply to all City property
owners,theGrapevine-Colleyville IndependentSchool District rates applyonly tothe approximately two-thirds of City propertyownerswhoseproperty is located within that school
district's geographic boundaries.
CITY OF COLLEYVILLE, TEXAS
DIRECT AND OVERLAPPING PROPERTY TAX RATES
LAST TEN FISCAL YEARS
City Direct Rates Overlapping Rates
104
TABLE 7
Percentage Percentage
of Total City of Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Taxpayer Value Value Value Value
Melvin & Martindale 23,800,000$ 0.63% -$ -%
Toll Dallas TX LLC 18,694,881 0.49% - -%
Oncor Electric Delivery 15,915,723 0.42% 15,654,363 0.63%
Lifetime Fitness Real Estate 12,304,570 0.32% - -%
RCC Village Properties 8,831,175 0.23% - -%
AC Village Park Partners LLC 7,124,273 0.19% - -%
Colleyville Riverwalk LP 6,054,975 0.16% - -%
Leonard Hudson 4,830,200 0.13% - -%
Donald and Gina Wilson 4,250,700 0.11% - -%
Wal-Mart Real Estate Business Trust 4,200,000 0.11% - -%
Albertsons - -% 9,915,345 0.40%
Village Management, LTD.- -% 9,419,217 0.38%
Herman Smith &Co., LTD.- -% 7,576,374 0.30%
Colleyville Plaza LP - -% 6,500,000 0.26%
Industrial Bank Japan Trust, Co.- -% 5,145,107 0.21%
RH-One LP - -% 4,400,000 0.18%
Broughton LTD Partnership - -% 4,267,148 0.17%
Church of Jesus Christ, LDS -% 4,090,960 0.16%
D.R. Horton Texas LTD - -% 4,050,950 0.16%
Total 106,006,497$ 2.80% 71,019,464$ 2.85%
Source: Tarrant Appraisal District
2013 2004
CITY OF COLLEYVILLE, TEXAS
PRINCIPAL PROPERTY TAXPAYERS
CURRENT YEAR AND NINE YEARS AGO
105
TABLE 8
Taxes Levied Collections
Fiscal for the Percentage in Subsequent Percentage
Year Ended Fiscal Year Amount of Levy Years Amount of Levy
2004 8,719,444 8,632,250 99.2% 83,483 8,715,733 99.96%
2005 9,201,770 9,109,752 99.1% 87,241 9,196,993 99.95%
2006 9,981,646 9,906,769 99.2% 70,252 9,977,021 99.95%
2007 10,725,345 10,592,222 98.8% 126,361 10,718,583 99.94%
2008 12,024,882 11,903,333 99.0% 110,652 12,013,985 99.91%
2009 12,875,919 12,734,871 98.9% 128,036 12,862,907 99.90%
2010 13,351,922 13,166,515 98.6% 166,535 13,333,050 99.86%
2011 13,183,932 13,063,575 99.1% 99,966 13,163,541 99.85%
2012 13,163,735 13,082,029 99.4% 52,723 13,134,752 99.78%
2013 13,291,462 13,207,902 99.4% - 13,207,902 99.37%
Sources: Tarrant County Appraisal District and City of Colleyville Finance Department.
Fiscal Year of the Levy
Collected With the
Total Collections to Date
CITY OF COLLEYVILLE, TEXAS
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
106
TABLE 9
Percentage Percentage
of Total City of Total City
Water Water Water Water
Taxpayer Usage Usage Usage Usage
Grapevine-Colleyville ISD 29,031,000 1.21% 34,449,000 1.90%
Town Center 16,944,600 0.71% -%
Market Street 12,111,000 0.50% 5,302,200 0.29%
Lifetime Fitness 11,242,400 0.47% - -%
Toll Dallas 6,119,700 0.25% - -%
Bluebonnet Hills 5,203,200 0.22% - -%
Westmont 4,248,300 0.18% 2,323,800 0.13%
Shadowood Trail 4,192,300 0.17% 4,466,400 0.25%
Timarron 3,932,100 0.16% - -%
Broughton Maint Assoc 3,838,100 0.16% - -%
Wash Depot 3,400,700 0.14% 4,217,300 0.23%
Highland Meadows - -% 3,491,600 0.19%
Good Acres, LTD - -% 3,127,400 0.17%
La Hacienda Ranch 2,868,300 0.12% 3,195,300 0.18%
Monterra 2,839,500 0.12% - -%
Woodland Hills 2,699,900 0.11% 2,390,600 0.13%
First Baptist Church 2,552,900 0.11% - -%
Barbara Gordon 2,345,800 0.10% - -%
Albertsons (Glade Rd)2,048,500 0.09% 5,231,100 0.29%
Oak Point HOA 1,794,600 0.07% - -%
Pebble Hill 1,764,500 0.07% - -%
Rio Mambo 1,756,100 0.07% - -%
Total 120,933,500 5.04% 68,194,700 3.76%
Source: City utility billing records
2013 2004
CITY OF COLLEYVILLE, TEXAS
PRINCIPAL WATER CUSTOMERS
CURRENT YEAR AND NINE YEARS AGO
107
TABLE 10
General Sales Tax Water and Sewer Drainage Total Percentage
Fiscal Obligation Revenue Capital Revenue Revenue Capital Primary of Personal Per
Year Bonds Bonds Leases Bonds Bonds Leases Government Income Capita
2004 12,925,000 13,077,722 - 8,925,000 2,660,000 - 37,587,722 3.43% 1,834
2005 11,995,000 14,980,000 69,187 8,160,000 2,515,000 41,077 37,760,264 3.28% 1,798
2006 10,665,000 14,760,000 404,395 7,365,000 2,365,000 26,933 35,586,328 2.96% 1,640
2007 17,770,000 10,372,462 349,189 6,540,000 2,205,000 13,140 37,249,791 2.89% 1,682
2008 16,275,000 9,795,916 430,549 5,840,000 2,040,000 - 34,381,465 2.65% 1,528
2009 14,665,000 9,199,370 359,996 5,200,000 1,870,000 - 31,294,366 2.52% 1,388
2010 13,300,000 8,572,824 1,151,173 4,520,000 1,695,000 - 29,238,997 2.32% 1,282
2011 11,463,786 8,271,278 972,170 3,600,000 1,550,000 - 25,857,234 1.73% 1,131
2012 9,933,921 7,930,000 1,709,120 2,850,000 1,345,000 - 23,792,773 1.57% 1,037
2013 8,639,056 7,600,000 1,301,624 2,085,000 1,135,000 - 20,919,041 1.38% 906
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.
CITY OF COLLEYVILLE, TEXAS
RATIOS OF OUTSTANDING DEBT BY TYPE
LAST TEN FISCAL YEARS
Governmental Activities Business-type Activities
108
TABLE 11
Percentage of
General Less Amounts Actual Taxable
Fiscal Obligation Restricted to Value of Per
Year Bonds Repaying Principal Total Property Capita
2004 12,925,000 995,889 11,929,111 0.46% 582
2005 11,955,000 989,618 10,965,382 0.41% 522
2006 10,665,000 1,082,681 9,582,319 0.33% 442
2007 17,770,000 1,254,686 16,515,314 0.53% 746
2008 16,275,000 987,681 15,287,319 0.45% 679
2009 14,665,000 1,121,567 13,543,433 0.37% 601
2010 13,300,000 1,154,570 12,145,430 0.32% 533
2011 11,463,786 1,188,907 10,274,879 0.27% 449
2012 9,933,921 1,239,412 8,694,509 0.23% 379
2013 8,639,056 931,623 7,707,433 0.20% 334
Notes:
Details regarding the City's outstanding debt can be found in the notes to the financial statements.
See Table 5 for property value data.
Population data can be found in Table 14.
General Bonded Debt Outstanding
CITY OF COLLEYVILLE, TEXAS
RATIOS OF GENERAL BONDED DEBT OUTSTANDING
LAST TEN FISCAL YEARS
109
TABLE 12
Estimated
Share of
Estimated Direct and
Debt Percentage Overlapping
Outstanding Applicable Debt
Debt repaid with property taxes
Birdville Independent School District 203,760,361$ 0.080% 163,008$
Carroll Independent School District 235,203,792 0.490% 1,152,499
Grapevine-Colleyville Independent School District 345,235,467 21.650% 74,743,479
Hurst-Euless-Bedford Independent School District 302,122,934 1.580% 4,773,542
Keller Independent School District 681,493,167 2.890% 19,695,153
Tarrant County 373,845,000 3.070% 11,477,042
Tarrant County College District 15,485,000 3.070% 475,390
Tarrant County Hospital District 25,375,000 3.070% 779,013
Subtotal overlapping debt 113,259,124
City direct debt 10,075,855 100.000% 10,075,855
Total direct and overlapping debt 123,334,979$
Sources:
Government Unit
Assessed value data used toestimateapplicable percentages providedby the Tarrant County Appraisal District
and debt outstanding data provided by each governmental unit.
CITY OF COLLEYVILLE, TEXAS
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
AS OF SEPTEMBER 30, 2013
110
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111
TABLE 13
Assessed value 3,791,706,860$
Debt limit (.2.5% of assessed value)94,792,672
Debt applicable to limit:
General obligation bonds 8,675,000
Less: Amount set aside for
repayment of general
obligation debt 931,623)(
Total net debt applicable to limit 7,743,377
Legal debt margin 87,049,295$
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Debt limit 64,512,041$ 66,314,922$ 71,831,071$ 77,182,965$ 85,026,795$ 87,755,997$ 94,131,390$ 93,904,439$ 93,842,538$ 94,792,672$
Total net debt applicable to limit 11,929,111 10,999,111 9,582,319 15,745,132 15,287,139 13,543,433 12,145,430 10,321,093 8,735,588 7,743,377
Legal debt margin 52,582,930$ 55,315,811$ 62,248,752$ 61,437,833$ 69,739,656$ 74,212,564$ 81,985,960$ 83,583,346$ 85,106,950$ 87,049,295$
Total net debt applicable to the limit
as a percentage of debt limit.18.49% 16.59% 13.34% 20.40% 17.98% 15.43% 12.90% 10.99% 9.31% 8.17%
Note:
Under state finance law, the City's outstanding general obligation debt should not exceed 2.50 percent of total assessed property value.
Fiscal Year
CITY OF COLLEYVILLE, TEXAS
LEGAL DEBT MARGIN INFORMATION
LAST TEN FISCAL YEARS
Legal Debt Margin Calculation for Fiscal Year 2013
112
Utility Less:Net
Fiscal Service Operating Available
Year Charges Expenses Revenue Principal Interest Coverage
2004 8,924,942 6,117,278 2,807,664 680,000 406,306 1,721,358
2005 10,198,733 7,251,998 2,946,735 765,000 361,976 1,819,759
2006 13,136,476 8,067,565 5,068,911 795,000 329,451 3,944,460
2007 10,046,030 8,040,621 2,005,409 825,000 296,546 883,863
2008 11,452,268 9,670,881 1,781,387 700,000 265,658 815,729
2009 11,458,282 8,943,803 2,514,479 640,000 241,223 1,633,256
2010 11,427,074 9,458,355 1,968,719 680,000 213,358 1,075,361
2011 14,391,910 10,120,678 4,271,232 920,000 57,819 3,293,413
2012 14,036,325 10,395,517 3,640,808 750,000 77,947 2,812,861
2013 14,698,914 10,707,017 3,991,897 765,000 58,430 3,168,467
Notes:
Details regarding the City's outstanding debt can be found in the notes to the financial statements.
PLEDGED REVENUE COVERAGE
LAST TEN FISCAL YEARS
CITY OF COLLEYVILLE, TEXAS
Debt Service
Water Revenue Bonds
113
TABLE 14
Drainage Drainage Net
Service Operations Available Sales Tax
Charges Expenses Revenue Principal Interest Coverage Increment Principal Interest Coverage
694,196 312,235 381,961 140,000 122,263 119,698 873,626 195,000 406,472 272,154
710,265 338,310 371,955 175,000 116,432 80,523 982,844 210,000 387,085 385,759
897,606 444,700 452,906 150,000 111,252 191,654 1,132,094 240,000 402,929 489,165
922,123 462,387 459,736 160,000 104,206 355,530 1,208,379 255,000 391,366 562,013
902,232 510,259 391,973 165,000 96,984 294,989 1,300,260 270,000 380,013 650,247
889,163 500,677 388,486 170,000 90,138 298,348 1,264,385 275,000 368,195 621,190
899,870 484,712 415,158 175,000 82,930 332,228 1,317,161 290,000 356,290 670,871
905,271 551,049 354,222 152,163 58,979 295,243 1,319,517 300,000 344,195 675,322
920,682 531,705 388,977 205,000 51,244 337,733 1,426,909 315,000 331,588 780,321
930,427 541,598 388,829 210,000 41,733 347,096 1,534,635 330,000 318,365 886,270
Operating expenses do not include interest, depreciation, or amortization expenses.
Sales Tax BondsDrainage Revenue Bonds
Debt Service Debt Service
114
TABLE 15
Tarrant
Per Capita County
Calendar Personal Personal Unemployment
Year Population Income Income Rate
2004 20,500 161,095 53,520 5.6%
2005 21,000 165,008 54,820 5.1%
2006 21,700 167,009 55,485 4.5%
2007 22,150 175,008 58,142 4.3%
2008 22,500 173,853 57,758 5.1%
2009 22,550 166,063 55,170 8.2%
2010 22,807 166,063 55,354 7.9%
2011 22,860 199,168 65,516 8.3%
2012 22,950 199,168 65,516 6.2%
2013 23,090 199,168 65,516 6.0%
Sources:
CITY OF COLLEYVILLE, TEXAS
DEMOGRAPHIC AND ECONOMIC STATISTICS
LAST TEN FISCAL YEARS
Population -North CentralTexas Council of Governments,personal income -City of Colleyville
Economic DevelopmentDepartment,Unemployment Rate -Texas Workforce Commission
(unemployment rate is not available solely for the City of Colleyville)
115
TABLE 16
Percentage Percentage
of Total City of Total City
Employer Employees Employment Employees Employment*
Grapevine Colleyville ISD 1,681 32.6% 720 -%
Market Street 369 7.1% 400 -%
Lifetime Fitness 230 4.5% - -%
City of Colleyville 188 3.6% 162 -%
Kroger - -% 150 -%
Albertsons 110 2.1% 200 -%
Covenant Christian Academy 107 2.1% 80 -%
LaHacienda Ranch 100 1.9% 100 -%
Walmart Neighborhood Market 90 1.7% - -%
Sonshine Academy 60 1.2% 40 -%
US Memory Care 60 1.2% - -%
Mac's Steak and Seafood 55 1.1% 60 -%
Compass Christian Church 50 1.0% - -%
Total 3,100 60.0% 1,912 -%
Source: City Economic Development Division
*This information is unavailable.
CITY OF COLLEYVILLE, TEXAS
PRINCIPAL EMPLOYERS
CURRENT YEAR AND NINE YEARS AGO
2013 2004
116
Function/Program 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
General government
Management services 6 6 6 5 5 4 4 4 4 4
Finance/court 7 7 7 6 6 6 6 6 6 8
Planning 3 3 3 3 3 3 2 2 2 2
Building 5 5 5 5 6 6 5 4 3 3
Other 4 5 5 6 6.5 7.5 9.5 11 11 13
Police
Officers 30 31 32 35 37 38 38 38 39 40
Civilians 10 10 11 13 14 14 13 6 6 6
Fire
Firefighters and officers 30 33 33 33 33 33 33 33 35 36
Civilians 1 1 1 1 1 1 2 1 1 1
Other public works
Engineering 5 5 5 5 5 5 4 4.5 3 3
Other 3 3 3 3 3 3 3 3 3 3
Streets 10 10 10 10 10 10 10 10 10 7
Parks and recreation 12.5 12.5 12.5 13.5 13.5 13.5 16.5 16 16 16
Library 5.5 5.5 5.5 7.5 8.0 8.0 9.5 11.5 11.5 12.0
Colleyville center 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 3.5
Water/wastewater 25.5 25.5 28 29 29 29 28 24 25 23
Drainage 4 6 6 6 6 6 6 6 6 7
Total 166.0 173.0 177.5 185.5 190.5 191.5 194.0 184.5 185.5 187.5
Source:City Human Resources Office
Notes:A fulltime employee is scheduled to work 2080 hours peryear (including vacation and sick leave).Fulltime equivalent employment is
calculated by dividing total labor hours by 2080.
TABLE 17
Fulltime Equivalent Employees as of September 30,
CITY OF COLLEYVILLE TEXAS
FULLTIME EQUIVALENT CITY GOVERNMENT EMPLOYEES
BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS
117
TABLE 18
Function/Program 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
General government
Building permits issued 275 245 270 140 131 90 77 104 155 103
Building inspections conducted 7,401 8,734 9,599 8,941 8,108 5,641 6,149 6,737 8,310 8,292
Police
Physical arrests 643 404 485 666 514 809 764 666 653 632
Calls for service 11,407 10,668 10,546 17,629 15,292 23,480 12,242 27,254 48,076 61,270
Traffic violations 7,806 7,311 11,218 12,438 15,621 12,550 13,822 11,354 11,980 11,766
Fire
Emergency responses 629 510 656 715 681 737 762 830 724 557
Ambulance calls 559 609 589 630 667 693 751 765 803 829
Inspections 750 560 312 503 666 796 784 397 342 306
Other public works
Street resurfacing (miles)2 3 3 4.5 8.5 13.9 8.0 6.2 1.0 4.0
Parks and recreation
Athletic field participants 685 690 602 4,960 5,159 4,617 4,296 4,378 3,946 4,287
Community center rentals 614 580 637 592 627 507 373 410 404 398
Library
Volumes in collection 22,334 34,656 43,378 46,311 50,348 54,659 58,147 62,997 65,740 69,736
Total volumes borrowed 102,165 139,130 177,087 197,712 211,674 238,459 244,458 235,238 244,613 250,737
Water
Customers 8,067 8,271 8,561 8,700 8,893 8,960 9,014 9,103 9,285 9,396
Average daily consumption
(thousands of gallons)4,964 5,951 8,081 5,123 6,619 6,578 5,990 7,928 7,217 6,785
Peak daily consumption
(thousands of gallons)13,204 16,126 16,732 13,068 16,764 16,674 18,207 18,935 18,707 17,052
Wastewater
Customers 7,294 7,563 7,761 7,966 8,138 8,315 8,389 8,457 8,603 8,731
Source: Various City departments
CITY OF COLLEYVILLE, TEXAS
OPERATING INDICATORS BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS
118
Function/Program 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Police
Stations 1 1 1 1 1 1 1 1 1 1
Patrol units 7 7 7 10 13 13 13 13 12 12
Fire
Stations 2 2 2 2 3 3 3 3 3 3
Public works
Streets (miles)295 300 307 311 312 312 318 282 282 282
Streetlights 751 860 990 1,011 1,010 1,168 1,188 1,169 1,169 1,175
Traffic signals 2 2 2 2 2 2 2 2 2 2
Parks and recreation
Acreage 207 212 212 224 224 224 224 224 224 224
Playgrounds 5 5 5 6 6 6 6 6 6 6
Baseball/softball diamonds 9 9 9 9 9 9 9 9 9 9
Soccer fields 14 14 14 14 14 14 14 14 14 14
Community centers 1 1 1 1 1 1 1 1 1 1
Water
Water mains (miles)170 173 175 191 192 199 200 195 201 202
Fire hydrants 1,108 1,149 1,206 1,254 1,271 1,340 1,345 1,362 1,389 1,389
Storage capacity 4,900 4,900 4,900 4,900 4,900 9,900 9,900 9,400 9,400 9,400
(thousands of gallons)
Wastewater
Sanitary sewers (miles)147 150 154 163 164 166 170 162 169 170
Storm sewers (miles)56 57 58 59 59 63 63 58 64 58
Source: Various City departments
Note: No capital asset indicators are available for the general government or library function.
Fiscal Year
TABLE 19CITY OF COLLEYVILLE, TEXAS
CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS
119
COMPLIANCE
120
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INDEPENDENT AUDITORS’ 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 AUDITING STANDARDS
To the Honorable Mayor and
Members of the City Council
City of Colleyville, Texas
We have audited, in accordance with the 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, the financial statements of the
governmental activities, the business-type activities, the discretely presented component unit, each
major fund, and the aggregate remaining fund information of the City of Colleyville, Texas (the “City”),
as of and for the year ended September 30, 2013, and the related notes to the financial statements, which
collectively comprise the City’s basic financial statements, and have issued our report thereon dated
January 30, 2014.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City’s
internal control over financial reporting (internal control) to determine the audit procedures that are
appropriate in the circumstances 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.
Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal 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. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control
that is less severe than a material weakness, yet important enough to merit attention by those charged
with governance.
121
122
Our consideration of internal control was for the limited purpose described in the first paragraph
of this section and was not designed to identify all deficiencies in internal control that might be material
weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any
deficiencies in internal control that we consider to be material weaknesses. However, material
weaknesses may exist that have not been identified.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City’s financial statements are free
from 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 financial 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.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and
compliance and the results of that testing, and not to provide an opinion on the effectiveness of the
entity’s internal control or on compliance. This report is an integral part of an audit performed in
accordance with Government Auditing Standards in considering the entity’s internal control and
compliance. Accordingly, this communication is not suitable for any other purpose.
Waco, Texas
January 30, 2014