Section 4 - City of Abilene

Transcription

CITY O F ABILENE, TEXAS
Exhibit F-1
COhlBlNING STATEMENT O F ASSETS AND LIABI1,ITIES
AGENCY FUNDS
September 30,2009
With Comparative Totals for September 30, 2008
Emergency
Communication
District
ASSETS
Cash and cash investments
Investments
Accounts receivable
Due from other funds
TOTAI, ASSETS
LIABILITIES
Vouchers payable
Due to other funds
Other deposits and liabilities
TOTAL LIABILITIES
Venue
Project
Total
2009
Total
2008
Exhibit F-2
COMBINING STATEMENT O F CHANGES IN ASSETS AND LIABILITIES
AGENCY FUNDS
Year Ended September 30,2009
ASSETS
9-1-1 Emergency Communication District - Agency Fund
Total
Total
2008
Additions
Deductions
2009
Investments
Accounts receivable
TOTAL ASSETS
LIABILITIES
Vouchers payable
Due to other funds
TOTAL LIABILITIES
Venue Project - Agency Fund
ASSETS
Total
2008
Additions
Deductions
Total
2009
Deductions
Total
2009
Accounts receivable
TOTAL ASSETS
Vouchers payable
TOTAL LIABILITIES
Total
ASSETS
Investments
Accounts receivable
TOTAL ASSETS
LIABILITIES
Vouchers payable
Due to other funds
TOTAL LIABILITIES
Total
2008
Additions
SPECIAL REVENUE FUND
SCHEDULE O F EXPENDlTURES FOR ABILENE REINVESTMENT ZONE #1
With C:omparative Totals for Year Ended September 30, 2008
City of Abilene:
AppraisaUcollection costs
Miscellaneous
Abilene Cultural Affairs
Downtown manager program
Construction expense
Signage
Redevelopment Plan
Abilene Independent School District:
AppraisaVcollection costs
Miscellaneous
Signage
Redevelopment Plan
Taylor County:
Miscellaneous
Signage
Redevelopment Plan
TOTAL EXPENDITURES FOR ABILENE REINVESTMENT ZONE #1
RECAPITULATION:
Miscellaneous
Signage
Redevelopment Plan
TOTAL
Exhibit G l
CITY O F ABILENE. TEXAS
Exhibit G 2
SCHEDIILE OF REVENUES AND EXPENDITURES - ABILENE REINVESTMENT ZONE #1
Year Ended
September 30,
2009
REVENUES:
General property taxes - current
General property taxes - delinquent
Miscellaneous taxes
Interest-Investment Pool
Interest-Loans & Assessments
Penalty and interest
Court cost
Miscellaneous recovery
Interfund recovery
Miscellaneous prior years
Civic Abilene
Building rent
Other contributions
Loan proceeds
Miscellaneous donations
Miscellaneous revenues
Miscellaneous state grants
Total Revenues
EXPENDITIIRES:
Current:
Prior year programs
AppraisaVcollection
TIF Annual Contracts
Wooten
Wooten
Banner 2006
Banner 2007
Day Nursery
Cedar Parking
Signage
Branding
Redevelopment Plan
Total Expenditures
EXCESS (DEFICIT) O F REVENUES OVER EXPENDITIIRES
OTHER FINANCING SOURCES:
Transfers In
Total other financing sources
EXCESS (DEFICIT) O F REVENUES OVER EXPENDITURES AND TRANSFERS
Inception
To-Date
CITY OF ABILENE, TEXAS
Exhibit G-3
SCHEDU1,E OF OBLIGATED/UNOBI,IGATED FlJND BALANCE - ABI1,ENE REINVESTMENT ZONE #1
FY 2009
Obligated
OBLIGATED PROGRAMS:
Cedar Parking
Signage
Redevelopment Plan
Streetscape Improvements
Total obligated programs
UNOBLIGATED FUND BALANCE
FUND BALANCE - SEPTEMBER 30,2009
FY 2009
Amount
Disbursed
Balance
CITY O F ABI1,ENE. TEXAS
SCHEDULE O F GENERAL LONG TERM OBLIGATION BONDS PAYABLE
September 30,2009
lnterest Rate - 5
'6
Date
of Issue*
General obligation - 1999
True lnterest
Cost
Coupon
4-15-99
6.40,4.40,4.50
4.7338
8-01-07
5.00,4.20,4.25, 4.40,4.50,4.60,4.625,4.75
4.5993
General obligation -Airport 2007
8-0 1-07
5.50,4.60,4.70,4.80,5.00
5.0467
7-01-08
4.00,4.13,4.50,5.00
4.6874
General obligation - 2009A
8-15-09
3.00,4.50, 2.75,4.00,5.00,4.10,4.20,
- 1997
Certificates of Obligation - 1998
Certificates of Obligation - Airport 1999
4-15-97
7.00,6.20,5.00, 5.05,5.10,5.00
5.21 78
4-15-98
6375,535.4375,4.40,4.50,4.60,4.70,4.80,4.90,5.00
4.8980
4-15-99
6.00,5.85,4.00,4.10,4.20,430,4.40,4.50
4.5817
4-15-99
4-15-00
4-15-01
6.25,4.25, 4.35, 4.40,4.50,4.60,4.70,4.75,
4.875,4.90
6.00,5.80,5.10,5.15,5.20, 5.25,5.30,
535,5.40
5.00
4-15-02
4.00,4.50,4.125,4.25,4375,4.50,4.625,4.70,4.75
4.4096
Certificates of Obligation - Airport- 2002
4-15-02
4.75,4.625,4.85,4.95,5.05,5.15,5.25
4.8655
5-1-04
4.50,3.60,3.75,4.00,4.15,435,4.50
4.2328
Certificates of Obligation - Airport 2004
5-1-04
5.50,5.20,4.60, 4.75,4.875,5.00, 5.05,5.10
5.0509
6-1-05
3.50,3.625,3.75,3.875,4.0,4.10,4.25,4.5
3.7350
Certificates of Obligation - 2005A
12-1-05
3.875,4.0
3.9266
7-15-06
5.00,4.375,4.25,4375,4.5
4.4030
Certificates of Obligation - Airport 2006A
7-15-06
6.75, 5.75,5.8, 5.85,5.875,5.9
6.1 705
8-01-07
4.875,4.625,4375, 4.30,4.40,4.50,4.60
4.4533
Certificates of Obligation -Airport 2007
8-01-07
5.125,4.375,4.50,4.60,4.75,4.80,4.85
4.7993
7-01-08
4.00,4.125,5.00
4.5147
Certificates of Obligation - 2OO8A
7-01-08
4.00,4.25,5.00
4.4931
Certificates of Obligation - 2009 Refund
5-01-09
2.00,5.00,3.00,3.50,4.00
2.7528
8-15-09
3.00,4.00,4.10, 4.25,4.50
3.6800
4.25,4.40
3.9131
Total General Obligation Bonds
Certificates of Obligation
Certificates of Obligation - 2003C
Total Certificates of Obligation
TOTAL GENERAL L O N G T E R M OBLIGATION BONDS PAYABLE
Note:
(1) This schedule reflects only the principal portion of general obligation bonds payable.
(2) * Bond date - date a t which bonds are dated.
(3) This schedule does not include unamortized bond premiums.
Exhibit G-4
Maturity
and Option
2-15-10109
Amount of
Original
Issue
Bonds Matured
Year Ended
Prior Years
9-30-09
Interest Paid
Year Ended
9-30-09
Bond
Principal
Payable
9-30-09
SCHEDU1,E O F GENERAL LONG-TERM OBLIGATION BONDS PAYABLE
DEBT SERVICE REQUIREMENTS T O MATURITY
SEPTEMBER 30,2009
Year
Airport Certificates of Obligation
Principal
lnterest
- 1999 Series
Total
Principal
General Obligation - 2001 Issue
Interest
Total
TOTALS
Year
TOTALS
Certificates of Obligation - Series 2002
Principal
Interest
Total
Airport Certificate of Obligation - Series 2002
Principal
Interest
Total
Exhibit G-5
Page 1
Year
Certificates of Obligation - 2001 Series
Principal
Interest
Total
-
General Obligation Bonds Series 2002
Principal
Interest
Total
TOTALS
-
Year
TOTALS
Certificates of Obligation Series 2003
Principal
Interest
Total
Certificates of Obligation - Series 2003C
Principal
Interest
Total
SCNEDU1,E O F GENERAL LONG-TERM OBLIGATION BONDS PAYABLE
DEBT SERVICE REQUIREMENTS T O MATURITY
SEPTEMBER 30,2009
Year
Principal
Interest
Total
Principal
Interest
Total
Certificate of Obligation - Series 2006
Principal
Interest
Total
Airport Certificate of Obligation Series 2006A
Principal
Interest
Total
TOTALS
Year
TOTALS
-
Exhibit G-5
Page 2
Year
Principal
Interest
Total
Certificate of Obligation - Series 2005A
Principal
Interest
Total
TOTALS
-
Year
TOTALS
Principal
General Obligation Series 2006
Interest
Total
-
Certificates of Obligation Series 2007
Principal
Interest
Total
SCHEDULE O F GENEUAL LONG-TERM OBLIGATION BONDS PAYABLE
DEBT SERVICE REQlJlREMENTS T O MATIJKITY
SEPTEMBER 30,2009
Year
Principal
Interest
Total
Principal
Certificates of Obligation - Series 2008A
Principal
Interest
Total
Principal
General Obligation - Series 2007
Interest
Total
TOTALS
Year
TOTALS
-
General Obligation Series 2008
Interest
Total
Exhibit G-5
Page 3
Year
Airport General Obligation - Series 2007
Principal
Interest
Total
Principal
Interest
Total
Principal
Interest
Total
Principal
-
Refunding Bonds Series 2009
Interest
Total
Exhibit G-5
Page 4
SCHEDULE OF GENERAL LONG-TERM OBLIGATION BONDS PAYABLE
DEBT SERVICE REQUIREMENTS TO MATURITY
September 30,2009
-
General Obligation Series 2009A
Principal
Interest
Total
Year
TOTALS
S
8,075,000 $
3,408,354 $
1 1,483,354 %
Principal
88,884,451 $
All Issues
Interest
27,267,051 $
Total
116,151,502
Statistical Section
This part of the City of Abilene, 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
These schedules contain trend information to help the reader understand
how the government's financial performance and well-being have changed
over time.
246
Revenue Capacity
These schedules contain information to help the reader assess the
government's most significant local revenue source, the property tax.
254
Debt Capacity
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.
26 1
Demographic and Economic Information
These schedules offer demographic and economic indicators to help
the reader understand the environment within which the government's
financial activities take place.
267
Operating Information
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.
269
Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial
reports for the relevant year.
Net Assets by Component
Last Six Fiscal Years
September 30, 2009
(accrual basis of accounting)
2003
2004
2005
Fiscal Year
2006
2007
2008
2009
Governmental activities
Invested in capital assets,
$ 71.107,835 $ 71,757,880 $ 76,998,491 $ 98,922,251 $ 109,038,038 $ 117,163,289 $ 129,644,735
net of related debt
9,998,935
10,457,602
Restricted
1 1,044,012
14,123,533
1 1,202,731
12,657,755
7,548,398
22,176,918
Unrestricted
23,745,862
27,539,749
17,232,734
23,361,578
24,860,756
23,467,191
Total governmental activitiesnet assets $ 103,283,688 $ 105,961,344 $ 115,582,252 $ 130,278,518 $ 143,602,347 $ 154,681,800 $ 160,660,324
Business-type activities
net of related debt
$ 105,434,967 $ 118,110,720 $ 116,478,985 $ 117,393,593 $ 118,013,553 $ 120,821,448 $ 122,191,556
Restricted
17,415,353
12,385,692
14,649,737
6,312,174
6,541,309
2,504,798
7,576.576
Unrestricted
5,846,664
7,s 15,136
8,598,482
16,344,047
18,130,988
20,802,779
20,508,770
Total business-type activities net assets $ 128,696,984 $ 138,3 11,548 $ 139,727,204 $ 140,049,814 $ 142,685,850 $ 144,129,025 $ 150,276,902
Primary government
net of related debt
Restricted
Unrestncted
Total pnmarygovemment net assets
Note:
Source:
$ 176,542,802 $ 189,868,600 $ 193,477,476 $ 216,3 15,844 $ 227,051,591 $ 237,984,737 $ 251,836,291
27,414,288
22,843,294
25,693,749
20,435,707
17,744,040
15.162.553
15.124.974
28,023,582
31,560,998
36,138,231
33,576,781
41,492,566
45,663,535
43,975,961
$ 231,980,672 $ 244,272,892 $ 255,309,456 $ 270,328,332 $ 286,288,197 $ 298,810,825 $ 310,937,226
The City implemented GASB Statement No. 34 in fiscal year 2003. Until ten years
of data are available, the City will report only the available years.
City of Abilene Comprehensive Annual Financial Report for the respective fiscal year.
CITY OF ARII,ENE, TEXAS
Changes in Net Assets
Last Seven Fiscal Years *
September 30,2009
2003
Expenses
Governmental activities:
General government
Information technology
Administrative services
Finance
Planning and development services
Economic development
Public works
Police
Fire
Community services
Aviation
Other
Interest and fees on long-term debt
Total governmental activities expenses
Business-type activities:
Water and sewer
Solid waste services
Non-major funds
Total business-type activities expenses
Total primary government expenses
Program Revenues
Charges for services:
General government
$
Finance
Planning and development services
Public works
Police
Fire
Community services
Aviation
Operating grants and contributions
Capital grants and contributions
Total governmental activities program revenues
Charges for services:
Water and sewer
Non-major funds
Operating grants and contributions
Cap~talgrants and contnbut~ons
Total busmess-tvoe
, actlvttles Droaam revenues
Total pnmary government program revenues $
.
.
-
Net (Expense)/Revenue:
Busmess-type actlv~ties
Total pnmary government net expense
2004
2005
Fiscal Year
2006
2007
2008
2009
3,730,322
13,97 1,967
3,552,693
14,965,348
5,393,288
16,2 12,673
7,844,529
22,288,416
6,806,332
20,060,838
6,711,395
20,004,514
5,353,213
18.625,08 1
24,402,464
8,920,746
181,634
1,653,271
409,623
35 567 738
49,539,705 $
22,896,268
9,407,551
1,634,256
10,944,596
30,906
44 913 577
59,878,925 $
23,328,708
10,284,898
1,601,026
1,628,824
1,610.214
38 453 670
54,666,343 $
25,677,469
10,852.888
1,656,238
1,734,931
577,832
40 499 ,3 -5 862,787.774 $
25,989,742
10,947,800
1,725.170
2,688,767
1.504,292
42- ,8- -5 -5 ,771.
62,916,609 $
29,218,545
11,405,605
2,161,954
2,187,572
1,449,210
46477
886
-, --,--66,427,400 $
34,640,691
12,301,296
2,195,714
2,238,691
1,134,171
<7 < I ",-"n 562
--,-.
71,135,644
4,057,261
10,154,872
2,619,340
2,070,550
1,931,100
7,434,273
669,947
$ (49,380,581) $ (44,365.893) $ (49,895,450) $ (50,622.429) $ (55,944,865) $ (62,297,847) $ (60,668,048)
CITY O F ARILENE, TEXAS
Changes in Net Assets
Last Seven Fiscal Years *
September 30,2009
2003
General Revenues and Other Changes
in Net Assets
Taxes
Property taxes
Sales and use taxes
Franchise taxes
Miscellaneous taxes
Investment income
Miscellaneous income
Gain (loss) on sale of capital assets
Transfers
Total governmental activities
Investment income
Miscellaneous income
Gain (loss) on sale of capital assets
Transfers
Total business-type activities
Total primary government
365,587
524,047
31,117
2004
301,735
728,707
13,479
2005
469,784
802,714
1 1,300
Change in Net Assets
Total primary government
Note:
Source:
City of Abilene Comprehensive Annual Financial Report for the respective fiscal year.
Fiscal Year
2006
748,052
909,735
2007
950,627
1,026,199
2008
552,173
625,486
2009
230,752
566,2 16
Governmental Activities Tax Revenues By Source
Last Seven Fiscal Years
September 30,2009
Fiscal
Year
Note:
Property
Tax
Sales
Tax
Franchise
Tax
Source: City of Abilene Comprehensive Annual Financial Report for the respective fiscal year.
Miscellaneous
Tax
Total
CITY OF ABILENE. TEXAS
Fund Balances of Governmental Funds
Last Ten Fiscal Years
September 30,2009
(modified accrual basis of accounting)
General fund
Resewed
Unreserved
Total general fund
All other governmental funds
Reserved
Unreserved, reported in:
Special revenue funds
Debt setvice
Capital project funds
Total all other governmental funds
Source:
City of Abilene Comprehensive Annual Financial Report for respective fiscal year.
Changes in Fund Balances of Governmental Funds
September 30,2009
(modified accrual basis of accounting)
Revenues
Taxes
Licenses and permits
Fines and forfeitures
Charges for services
Intergovernmental revenues
Assessmentdpassenger facility charge
Interest and miscellaneous
Total revenues
Expenditures
General government
Information technology
Administrative services
Finance
Planning & Development Services
Economic development
Public works
Police
Fire
Aviation
Community services
Water
Debt service
Principal
Interest
Fees and other charges
Capital projects
Total expenditures
68,758,419
73,624,602
80,573,111
77,675,486
Excess (deficit) of revenues over expenditures
(4,2 19,489)
(4,846,980)
(5,468,798)
(8,826,863)
Other financing sources (uses)
Issuance of debt
Bond Premuim
Issuance of refunding bonds
Payments to refunded bond escrow agent
Proceeds from sale of assets
Transfers in
Transfers out
Total other financing sources (uses)
Net change in fund balances
$
2,245,084 $
39,810 $
3,492,202 $
Debt service as a percentage of noncapital
expenditures
* Charges for services and fines were combined on a single line on the 2002 report and previous reports.
** When GASB Statement No. 34 was implemented in 2003, the solid waste activities were moved to an enterprise fund
(3,684,952)
General Government Tax Revenues By Source
September 30,2009
Fiscal
Year
Property
Tax
Sales and
Use Tax
Franchise
Tax
MiscelIaneous
Taw
Source: City of Abilene Comprehensive Annual Financial Report for the respective fiscal year.
Total
Taxable Sales by Category
Last Seven Fiscal Years
September 30,2009
2003
2004
2005
Fiscal Year
2006
2007
2008
257,087
193,162 $
3 17,895 $
275,107 $
89.693 F
151,530 $
54,844,867
56,051,992
59,822,997
32,638,920
47,457,744
25,480,147
38,464,361
41,080,85 1
58,748,150
37,581,617
32,615,652
34,585,905
44,972,254
45,758,955
44,845,072
47,997,676
33,100,837
36,751,437
43,18 1,685
42,472,918
44,725.466
40,98 1,282
5 1,923,433
67,705,481
129,086,277
129,571,695
134,803,927
93,743,015
60,868,560
69,849,121
1,170,133,1 17
974,740,814
1,041,949,916
1,119,447,082
889,797,463
933,196,810
37,400,919
44,502,693
44,464,579
29,466,623
18,973,969
21,612,694
90,474,557
89,638,752
87,804,467
73,832,836
78,409,772
80,358,613
4,325.1 54
8,22 1,194
5,564,906
4,550,760
3,714,301
5,379,046
1 1,331,824
11,640,903
1 1,082,09 1
9,539,729
10,372,189
9,O 10,091
2,877,387
2,990,409
5,320,258
3,108.347
3293.3 12
3,304,358
558,864
16,176
92 1,999
37.850
6,991,849
1,764,098
$ 1,225,536,028 $ 1,279,045,016 $ 3,371,110,706 $ 1,498,944,435 $ 1,589,517503 $ 1,670,966,051
$
Agriculture, forestry, fishing
Mining
Construction
Manufacturing
Transportation, communications, utilities
Wholesale trade
Retail trade
Finance, Insurance, real estate
Services
Health Care, Social Assistance
Public Administration
Educational
Other
Note:
Source:
(1)
State of Texas Comptroller of Public Accounts
Estimate of yearly total based on 3 quarters of actual data
2009
(1)
295,288
48,944,927
40,63 1,507
39,467,600
44,264,483
108,618,947
1,161,658,094
34,786,244
85,659,050
6,554,233
12,591,352
3,450,88 1
24,197
1,586,946,802
Assessed Value and Estimated Actual Value of Taxable Property
September 30,2009
Roll
Fiscal
Year
Real
Property
2000
200 1
2002
2003
2004
2005
2006
2007
2008
2009
Source: Taylor County Central Appraisal District
Note: Tax rates are per $100 of assessed value
Personal
Property
Mineral
Property
Less:
Tax Exempt
Real Property
Total Taxable
Assessed
Value
Total
Direct Tax
Rate
0.5621 $
0.5809
0.6085
0.6405
0.6355
0.6355
0.6355
0.6678
0.6678
0.6854
Estimated
Actual
Taxable
Value
2,979,078,080
3,104,426,497
3,288,597,395
3,3 18,843,838
3,434,596,454
3,493,537,481
3,692,783,320
4,014,286,613
4,390,840,430
4,771,712,106
Assessed
Value as a
Percentage of
Actual Value
Property Tax Rates Direct and Overlapping Governments
September 30,2009
City of Abilene
Fiscal
Year
Operating
Debt
Service
0.4381
0.4381
0.4613
0.48 13
0.4803
0.4902
0.4902
0.4940
0.4693
0.4693
0.1240
0.1428
0.1472
0.1592
0.1552
0.1453
0.1453
0.1738
0.1985
0.2161
Total
City
0.5621
0.5809
0.6085
0.6405
0.6355
0.6355
0.6355
0.6678
0.6678
0.6854
Overlapping Rates
Abilene
Taylor
Independent
County
School District
0.4979
0.49 16
0.5032
0.5247
0.5296
0.5359
0.5093
0.4980
0.4707
0.4682
Notes:
(1) The following overlapping governments' tax rates were not included because only a small
portion of the citizens of Abilene are living within these governmental units:
Wylie Independent School District
Eula Independent School District
Hawley Independent School District
Clyde Independent School District
Merkel Independent School District
Jones County
(2)
Tax rates are per $100 of assessed value
1.4879
1.5751
1.5751
1.5432
1.5375
1.6183
1.6171
1.4867
1.1691
1.1659
Total
Direct and
Overlapping
Rates
Principal Property Taxpayers
September 30,2009 and 2000
Taxpayer
Taxable
Assessed
Value
Rank
AEP Texas North Co.
1
NC SCHI, mc.
2
Union Drilling Inc.
3
MA1 Investors Limited Ptshp.
4
Southwestern Bell
5
Wal-Mart Stores East, Inc.
6
Cebridge Acquisition LP
7
Lowe's Home Centers Inc
8
PWP Industries Inc.
9
Western AH 406 Ltd.
10
Abilene Mall Limited Ptshp
Hendrick Health System
Bandag, Inc.
Musgrave Holdings Ltd.
Zum Industries, Inc.
TOTAL
Percentage of
Total Taxable
Assessed
Value
Taxable
Assessed
Value
Rank
Percentage of
Total Taxable
Assessed
Value
Property Tax Levies and Collections
September 30,2009
Fiscal
Year
Total Tax
Levy for
Fiscal Year
Collected within the
Fiscal Year of the Levy
Percentage
Amount
of Levy
Collections in
Subsequent
Years
Total Collections to Date
Percentage
Amount
of Levy
CITY OF ABILENE
Ratios of Outstanding Debt by Type
September 30,2009
Governmental Activities
Fiscal
Year
General
Obligation
Bonds
Certificates
of Obligation
Capital
Leases
Notes
Payable
Business-Type
Activities
Water
Sewer
Bonds
Note: Details regarding the city's outstanding debt can be found in the notes to the financial statements.
'See the Schedule of Demographic and Economic Statistics for personal income and population data.
Total
Primary
Government
Percentage
of Personal
Income1
Per
Capita1
Ratios of General Bonded Debt Outstanding
September 30,2009
Fiscal
Year
General
Bonded
Debt
Less: Amounts
Available in Debt
Service Funds
Total
Percentage of
Estimated
Actual Taxable
Value' of
Property
Note: Details regarding the city's outstanding debt can be found in the notes to the financial statements.
'See the Schedule of Assessed Value and Estimated Actual Value of Taxable Property for property value data.
Population data can be found in the Schedule of Demographic and Economic Statistics
Capita2
Direct and Overlapping Governmental Activities Debt
As of September 30,2009
tax in^ Jurisdiction
2009
Total Net
Taxable Assessed
Valuation
Total
Funded Debt
.is of 9130109
Estimated
Overlapping
Funded Debt
,\s of 9130109
%
.4pplicablc
City of Abilene
Abilene Independent School District
Taylor County
Lytle Water District
Jones County
Clyde Independent School District
Eula Independent School District
Stamford Hospital District
Total Direct and Overlapping Funded Debt
$
204,654,603
Ratio Direct and Overlapping Funded Debt to Taxable Assessed Valuation
4.22%
Per Capita Direct and Overlapping Funded Debt
Per Capita Direct Debt
** Includes the City's General Obligation Refunding Bonds, Series 2010 which are scheduled to be delivered 02/17/10. Excludes the
Refunded Obligations, which include the City's General Obligation Bonds, Series 2001 and Combination Tax and Revenue
Certificates of Obligation, Series 2001.
(1)
Includes $47,705,549 self-supporting Waterworks and Sewer System general obligation debt.
If the City's General Purpose Funded Tax Debt of $88,884,45 1 is included in the calculation
in place of Total Funded Debt of $136,710,000 the following results:
Total Direct and Overlapping G.O. Debt
Ratio of Direct and Overlapping G.O. Debt to Taxable Assessed Valuation
Per Capita Direct and Overlapping G.O. Debt
Source: First Southwest Company
Legal Debt Margin Information
September 30,2009
The maximum tax rate permitted by the constitution of the State of Texas is $2.50 per $100 of assessed
valuation. Consequently, no legal debt margin can be calculated. The state attorney general has
traditionally allowed up to $1.50 per $100 valuation to be applied to debt service. The City levied
a tax rate of $0.2161 per $100 valuation for fiscal year ended September 30,2009.
Pledged-Revenue Coverage
September 30,2009
Water & Sewer Revenue Bonds
Fiscal
Year
Water & Sewer
Charges
and Other
Less:
Operating
Expenses
Net
Available
Revenue
Debt Service
Principal
Interest
Note: Details regarding the government's outstanding debt can be found in the notes to the financial statements.
Water and sewer charges and other includes miscellaneous income and investment earnings. Operating expenses
do not include interest, depreciation or amortization.
* The City received a $10,000,000 grant from RUS that was used in refinancing the debt.
** The City received $298,837 in grant revenue &om the EPA that was used in financing a regional water supply study
Coverage
Demographic and Economic Statistics
September 30,2009
Fiscal Year
Estimated
Population
Personal Income
(expressed in
thousands)
Sources:
(1) Abilene Industrial Foundation
(2) Abilene Independent School District
(3) Texas Labor Market Review
Per Capita
Personal
Income
Median
Age
School
Enrollments
Unemployment
Rate
Principal Employers
Fiscal Year End 2009 and 2000
2009
Employer
Employees
2000
Rank
Percentage
of Total City
Employment1
Employees
Rank
Percentage
of Total City
Employment'
Dyess Air Force Base
5,993
1
7.13%
5,479
1
9.1 1%
Henrick Medical Center
2,656
2
3.16%
2,88 1
3
4.79%
Abilene Independent
School District
Abilene State School
2,556
3
3.04%
2,991
2
4.97%
1,406
4
1.67%
1,360
5
2.26%
Texas Department of
Criminal Justice
City of Abilene
1,253
5
1.49%
1,348
6
2.24%
1,200
6
1.43%
1,372
4
2.28%
Blue Cross Blue Shield
1,046
7
1.24%
745
8
1.24%
Abilene Christian University
850
8
1.01%
735
9
1.22%
Abilene Regional Medical
Center
Taylor, County of
794
9
0.94%
749
10
0.89%
685
10
1.14%
U.S. Postal Service
Total
1 Source: Abilene Industrial Foundation
0.00%
Full-time Equivalent City Government Employees by Function
Budgeted Full-time Equivalent Employees as of September 30,2009
Function
General Government
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
-
51
39
19
41
16
17
17
18
19
19
Information Technology
Administrative Services
Finance
Planning & Development Services
Economic Development
Public Works
Police
Fire
Aviation
Community Services
Water
148 145 143 143 142 142 142 141 141 143
-
Total
L
11621,154
1,158
1,151 1,1431,147
1,141
1,155 1,177
1,164
----------
CITY OF ABILENE
Operating Indicators by Function
September 30,2009
Fiscal Year
Function
Police
Accidents
Traffic violations
Fire
Emergency responses
Inspections
Streets
Streets seal coated (sq. yds.)
Street & alley reconstruction (sq. yds.)
Public works
Building pennits issued
Residential refbse collected (cubic yds.)
Recyclables collected (tons)
Community services
Zoo attendance
Structured recreation program participants
Library visitors
Civic center events
Water
New taps
Active accounts
Average daily production
(millions of gallons)
Wastewater
Average daily sewage treatment
Transit
Fixed route passengers carried
Van passengers canied
(1) 2009 actual numbers are not available. 2009 projected numbers are provided.
* Beginning in 2005, the residential refuse collected is calculated in tons.
** Beginning in 2005, the City began phasing out seal coat and replacing with partial rehabilitation
Sources: Various government departments.
Capital Asset Statistics by Function
September 30,2009
Fiscal Year
Function
Public Safety:
Police:
Stations
Fire:
Stations
Fire hydrants
Streets:
Paved lane miles
Unpaved - standard lane miles
Community services:
Parks acres developed
Parks acres undeveloped
City parks
Recreation centers
Libraries
Water
Water mains (miles)
Peak daily capacity
Sewer
Sewer mains (miles)
Effluent mains (miles)
*
Beginning in 2005, the tracking method changed from linear miles to standard lane miles
Sources: Various city departments.
CITY
OF ABILEME
-
Table 1 Valuation, Exemptions and General Obligation Debt
2009 Market Valuation Established by Central Appraisal District of Taylor
County (excluding totally exempt property, abated values and values in
the Tax Increment Financing Zone)
Less ExemptionslReductions at 100% Market Value:
Residential Homestead Exemptions (Local Option)
Residential Homestead Exemptions (Over 65 and Disabled)
Residential Homestead value lost on 10% cap
Agriculture1Open -Space Land Use Reductions
Disabled Veterans Exemptions
Pollution Control value lost
Historic Tax Exemptions
Prorated Exempt Property
2009 Taxable Assessed Valuation
City Funded Debt Payable from Ad Valorem Taxes
General Obligation Debt (as of 09-30-09)
Less: Self-Supporting Debt
Waterworks and Sewer System General Obligation Debt (1)
Airport General Obligation Debt (2)
General Purpose Funded Debt Payable from Ad Valorem Taxes
Interest and Sinking Fund as of 09130109
Ratio Funded Debt to Taxable Assessed Valuation
Ratio General Purpose Funded Debt to Taxable Assessed Valuation
20 10 Estimated Population - 117,044
Per Capita 2009 Taxable Assessed Valuation - $ 4 1,176
Per Capita Funded Debt Payable from Ad Valorem Taxes - $ 1,167
Per Capita General Purpose Funded Debt Payable from Ad Valorem Taxes - $ 7 1 8
(1) "Waterworks and Sewer System (the "System") General Obligation Debt" consists of outstanding $20,880,000
Combination Tax and Waterworks and Sewer System Revenue Certificates of Obligation, Series 2001A, $9,385,000
in Combination Tax and Waterworks and Sewer System Revenue Refunding Bonds, Series 2003A and 2003B delivered to
USDA-RD, $6,120,000 principal amount of the City's General Obligation Refunding Bonds, Series 2003C, and $5,335,000
Combination Tax and Waterworks and Sewer System Revenue Certificates of Obligation, Series 2005, and $5,960,000
Combination Tax and Revenue Certificates of Obligation, Series 2009 The City provides for debt service on these issues
from surplus Net Revenues of the System.The City has no outstanding Waterworks and Sewer System Revenue Bonds
but has obligated revenues of the System under Water Supply Contracts.
(2) "Airport General Obligation Debt" consists of outstanding $400,000 Combination Tax and Airport Revenue Certificates
of Obligation, Series 1999 and $4,455,000 Combination Tax and Airport Revenue Certificates of Obligation, Series 2007.
Table 2 -Taxable Assessed Valuations by Category
Amount
S2.809.524.739
Taxable Apprased Value for fiscal Year September 30,
2009
2008
% of
% of
Total
Amount
Total
Amount
52.16%
$2.756,094,087
51 91%
$2.604.100.150
Total
52.71%
Amount
$2,346,179,228
226,794,961
73,382,410
49,40 1,628
20,801,737
95 8,737,963
10,280,587
153,400,847
619,821,575
13,788,948
1,869,774
Taxable Appraised Value for fiscal
2006
% of
Total
Amount
52.03%
$2,170,998,296
5 03%
204,11 1,309
1 6396
67,887,025
1.10%
49,133,718
0.46%
19,493,025
2 1.26%
866,656,440
0 23%
8,1 15,588
3.40%
149,575,218
13 75%
563,405,948
0.3 1%
20,436,882
0.04%
1,967,918
% of
Total
52.57%
4.85%
1.62%
1.22%
0.49%
20.68%
0.16%
3.84%
13.08%
0.50%
0.08%
2010
Category
Real. Res~dent~al.
Sinde-Farmlv
R e d Res~dential,Multi-Fam~ly
Real, Vacant LoWTracts
Real, Acreage (Land Only)
R e 4 Farm and Ranch Improvements
Real, Commercial and lndusmal
Real, Oil, Gas and Other Minerals
Real and Tang~blePersonal, Utillbes
Tanuble Personal, Commercial and lndusmal
Tangible Personal, Other
Real Property, Inventory
(I)
Special Inventory
Total Appraised Value Before Exempttons
Less: Total ExemptiondReductlons
Taxable Assessed Value at 10i01
Adjustments for Errors and Correchons to Roll
Taxable Assessed Value at 09\30
Category
Real, Residenhal, Single-Family
Real, Residential, Multi-Family
Real, Vacant LoWTracts
Real, Acreage (Land Only)
Real, Farm and Ranch Improvements
Real, Commercial and Industrial
Real, 011, Gas and Other Minerals
Real and Tangible Personal, Utilities
Tangible Personal, Commercial and Induma!
Tangible Personal, Other
Real Property, Inventory
(I)
Special lnventory
Total Appraised Value Before Exemptions
Less: Total ExemptiondReductions
Taxable Assessed Value at 10101
Adjustments for Errors and Correcttons to RoU
Taxable Assessed Value at 09/30
(1) Real Inventory properties m the hands of developers or builders; each g o u p of properties in thls category is appraised on the
basis of its value as a whole as a sale to another developer or builder.
NOTE. Valuations shown are certified taxable assessed values reported by the Central Apprasal District of Taylor County to the
State Controller of Public Accounts. C a t i f i d values are subject to change throughout the year as contested values are resolved
and the Appraisal District updates records
% of
Year September 30,
2005
% of
Total
52.22%
4.91%
1.63%
1.18%
0.47%
20.85%
0.20%
3 60%
13.55%
0.49%
0.05%
Amount
$2,074,733,3 11
191,262,249
64,079,567
48,259,112
19,492,76 1
816.094.35 1
6,494,596
15 1,400,877
5 16,225,497
19,537,815
3.307.147
Table 3A - Valuation and General Obligation Debt Histor
Fiscal Year
Ended
9-30
Estimated
Population ( I )
Taxable
Assessed
Valuation (2)
General
Obligation
Tax Debt
Outstanding at
End of Year (3)
Taxable
Assessed
Valuat~on
Per Capita
(1) Source. City of Abtlene Development Department
(2) As reported by the Central Appraisal D~strictof Taylor County on City's annual Reports of Property Value to the State
Comptroller of Public Accounts; subject to change dunng the ensutng year
(3) Includes self-support~ngdebt (see "Table 3 8 - Self-Supporting General Obligat~onDebt").
(4) Projected
Table 3B - Self-Supporting General Obligation Debt
Fiscal
Year
Ended
9-30
(1) Projected
Total Funded
Tax Debt
Outstanding
at End
of Year
Less:
Self-Supporting
Waterworks and
Sewer System
General
Obligation
Debt
Less.
Airport
General
Obligation
Debt
General
Purpose
Funded
Tax Debt
Ratio General
Obligation
Tax Debt
to Taxable
Assessed Valuatton
General
Obligatlon
Tax Debt
Per Capita
Table 4 - Tax Rate, Levy and Collection History
Fiscal
Year
Ended
9-30
Tax
Rate
General
Fund
Interest
and
Slnking
Fund
Adjusted
Tax
Levy
% Current
Collections
% Total
Collections
0.1552
0.1552
0.1453
0.1738
0.1985
0.2161
(1) Projected
Table 5 Ten Largest Taxpayers
Taxpayer
Type of Business
AEP Texas North Co.
Electric Transmission &
Distribution
NC SCHI, Inc.
Abilene Regional Medical
Center - Private Hospital
Union Drilling Inc.
Natural Gas Drilling Services
MA1 Investors Limited Partnership
Mall of Abilene
Southwestern Bell Telephone
Public Telephone Provider
Wal-Mart Stores East, Inc.
Discount Store
Cebridge Acquisition LP
Telecommunications Provider
Lowe's Home Centers, Inc.
Home Improvement Store
PWP Industries Inc.
Plastic Packaging
Western AH 406 Ltd.
Quail llollow Apartme
TOTAL
Fiscal Year
2008
Assessed
Value
Percentage
of Total
Assessed
Valuation
GENERAL OBLIGATION DEBT LIMITATION
No general obligation debt limitation is imposed on the City under current State law or the City's Ilome Rule
Charter.
Table 6 - T a x Adequacy
Maximum Principal and Interest Requirements, General Purpose General Obligation Dcbt, 2010
$0.2145 Tax Rate at 97% Collection Produces
Table 7 - Estimated Overlapping Debt
Expenditures of the various taxing entities within the territory of the City are paid out of ad valorem taxes levied by such entities
on properties within the City. Such entities are independent of the City and may incur borrowings to finance their expenditures.
This statement of direct and estimated overlapping ad valorem tax bonds ("Tax Debt") was developed from information
contained in "Texas Municipal Reports" published by the Municipal Advisory Council of Texas and from information furnished by
the Central Appraisal District of Taylor County and the Jones County and Callahan County appraisal Districts. Except for the
amounts relating to the City, the City has not independently verified the accuracy or completeness of such information, and no
person should rely upon such information as being accurate or complete. Furthermore, certain of the entities listed may have
issued additional bonds since the date hereof, and such entities may have programs requiring the issuance of substantial
amounts of additional bonds, the amount of which cannot be determined. The following table reflects the estimated share
of overlapping Tax Debt of the City.
Taxlng Jurisdiction
FY 2009
Total Taxable
Assessed
Value
City of Abilene
Abilene Independent School District
Taylor County
Lytle Water D~strict
Jones County
Clyde Consolidated Independent Schoc31 District
Eula Independent School Distnct
Stamford Hospital District
$4,847,032,3 13
3,879,552,072
6,4 16,462,152
28,350,085
1,253,523,356
409,575,780
6 14,380,425
2 10,549,060
75,562,450
394,676,237
153,942,900
Total Direct and Overlapping Funded Debt
Ratio of Direct and Overlapping Funded Debt to Tauable Assessed Valuation
FY
2009
Tax
Rate
Total
Funded Debt
As of 9130109
Estimated
%
Applicable
Overlapping
Funded Debt
As of 9130109
$204,654,602
4.22%
Per Caplta Direct and Overlapping Funded Debt
(I)
Includes $47,680,000 self-supporting Waterworks and Sewer System general obligation debt and $4,855,000 self-supporting Airport General Obligat~onDebt.
If $84,175,000 is included in the calculation in place of Total Funded Debt of
$136,7 10,000 the following results:
Total Direct and Overlapping G.O. Debt
Ratio of Direct and Overlapping G.O. Debt to Taxable Assessed Valuat~on
Per Cap~taDirect and Overlapping Funded Debt
$152,119,602
3.14%
Authorized
But Unissued
Debt As Of
913012009
Table 8 - General Obligation Debt Service Requirements
Fiscal
Year
Ending
9-30
-
Principal
Interest
2010
2011
2012
2013
2014
201 5
2016
2017
2018
2019
2020
202 1
2022
2023
2024
2025
2026
2027
2028
2029
2030
203 1
2032
2033
2034
2035
2036
2037
2038
2039
2040
204 1
2042
2043
Total
16.33 1,306
15,795,784
15,255,188
14,697,155
14,142,808
13,497,295
12,995,144
12,479,O16
11,770,086
10,547,746
8,840,685
7,565,800
5.1 02,548
4,053,380
3,024,103
2,448,162
2,380,969
2,014,100
1 3 9 1,626
1,162,026
540,363
536,863
542,688
537,838
537.425
541,225
539,238
54 1,463
537,900
538,550
543,188
536,926
534,876
536,813
$183,240.283
Table 9 - Interest and Sinking Fund Budget Projection
General Obligation Debt Service Requirements, Fiscal Year Ending 9-30-10
Interest and Sinking Fund, 9-30-09
2010 Interest and Sinking Fund Taxes (as budgeted)
Airport Passenger Facility Charge & Solid Waste Transfer
Estimated Investment Income
Estimated Balance, 9-30-10
Less:
Waterworks
& Sewer Sys.
General
Obligation Debt
Less:
Airport
General
Obligation
Debt
553,146
55 1,425
543,994
540,862
541,823
458,848
457,063
460,713
464,5 10
466,988
468,046
467,750
471,155
General
Funded
Tax Debt
10,388,281
9,979,548
9,574,200
9,148,358
8,734,73 1
8,307,249
7,943.488
7,575,5 13
7,007,239
6,600,102
5,01 1,407
4,329,16 1
3,656,969
3,095,375
2,070,440
1,785,167
1,717,415
1,353,650
927,279
499.610
% of
Principal
- Retired
Table 10 - Computation of Self-Supporting Debt
Gross Income, Waterworks and Sewer System, Fiscal Year Ended 9-30-09
Less: Net Operating Expenses, Waterworks and Sewer System, Fiscal Year Ended 9-30-09
Available for Debt Service, Waterworks and Sewer System, Fiscal Year Ended 9-30-09
Waterworks and Sewer System General Obligation Requirements, Fiscal Year Ended 9-30-10
Percentage of Waterworks and Sewer System General Obligation Self-supporting
23,486,893
$1 1,835,028
$5,389,879
219.58%
The above table is prepared under GAAP Basis excluding depreciation and amortization of water rights expense.
Table 11 - Authorized But Unissued General Obligation Bonds
The City has $300,000 general obligation bonds authorized December 18, 1979, for sanitary landfill purposes;
the City has no plans to issue these bonds as the landfill has been privatized and operates as a regional landfill.
Table 12 - Other Obligations
Cavital Lease Ameements
On October 3,2003, the City entered into a lease purchase agreement with Banc of America Leasing & Capital, LLC
for motor vehicle and other fleet type equipment. The lease purchase agreement is in the amount of $2,500,000 with
a maturity of 5 years at an interest rate of 2.6875%. The equipment will be used as security to the agreement. On
November 19,2003, the City entered into an additional lease purchase agreement in the amount of $1,000,000 for
equipment paid for prior to October 8,2003. This agreement also has a 5-year maturity with an interest rate of 2.7850%.
On July 7. 2004, the City entered into an additional lease purchase agreement in the amount of $2,180.000 with a maturity of
5 years at an interest rate of 3.1 815%. On February 7, 2005, the City entered into an additional lease purchase agreement
in the amount of $2,540,000 with a maturity of 5 years at an interest rate of 3.09%.
Balance at
Lease Date
October 8.2003
November 19,2003
July 7,2004
February 7,2005
TOTAL
Addition
$2,500.000
1,000,000
2,180,000
2,540,000
$8,220,000
Retirement
$2,500,000
1,000,000
2,180,000
2,313.010
$7,993,010
09130109
$0
0
0
226,990
$226,990
Community Develovment Block Grant Program Notes ("Notes")
On February 4, 1994, the City entered into a note agreement with the Department of Housing and Urban
Development for loan guarantee assistance under Section 108 of the Housing and Community Act of 1974, as
amended, in the amount of $1,865.000. The note was issued to implement a program for the acquisition,
construction and improvement or rehabilitation of privately-owned buildings and other improvements in an
approved community development program. Under the terms of these notes. the City will make annual principal
payments on August 1 of each year beginning August 1, 1996; final payment is due August 1.201 3. Interest
payments are due semiannually at rates from 1.25% - 5.69%. A second note with the Department of Housing and
Urban Development for loan guarantee was obtained during 1998. The note bears interest rates between 6 and 6.6%.
The City also has a Section 108 note in interim financing totalling $1,3 10,000. Repayment terms will be determined
when the permanent financing on the note is completed. The debts will be repaid from rentals on the properties refurbished.
The Notes are liabilities of the City's Community Development Block Grant Program; debt service on the Notes is
paid from Community Development Block Grants received from the U.S. Department of Housing and Urban Development
and from rentals.
The following represents the future maturities of these notes:
Fiscal
Year
Ending
9-30
Principal
Interest
Total
Requirements
Table 13 - General Fund Revenues and Expenditures History
Fiscal Year Ended September 30,
Revenues:
General Property Taxes
Sales Taxes
Selective Sales and Use (2)
Gross Receipts Tax
Other Taxes
Licenses and Permits
State, County and Federal Funds
Charges for Services
Interest and Miscellaneous
Total Revenues
Expenditures:
General Government
Administrative Services
Finance
Planning and Dev. Services (I)
Public Works
Police
Fire
Aviation
Community Services
Total Expenditures
Excess (Deficit) of Revenue
over Expenditures
Undesignated Fund Balance at
Beginning of Year
15,099.3 12
12.948.160
12,196,836
12,098,983
11,039,639
Net Additions (Deductions) for
Encumbrances, Reservations,
and Other Adjustments
1,184,362
3,388,351
(1,425,072)
(2,103,680)
307,544
$16,253,330
$15.099.3 12
Undesignated Fund Balance at
End of Year
(1) Moved Animal Control & Environmental Health From the Health Fund.
(2) HotelMotel Tax removed from the General Fund and placed in its own fund.
$12,948,160
$12.196.836
$12,098.983
Table 14 - Municipal Sales Tax History
The C ~ t yhas adopted the Munlc~palSales and Use Tax Act, VATCS, Tax Code, Chapter 321, whlch grants the C ~ t ythe power to Impose and levy a 1%
Local Sales and Use Tax w~thlnthe C~ty,the proceeds are cred~tedto the General Fund and are not pledged to the payment of Debt Collect~onsand
enforcement's are effected through the oftices of the Comptroller of Publ~cAccounts, State of Texas. who remits the proceeds of the tax,after
deduct~onof a 2% servlce fee, to the C ~ t ymonthly On August 12, 1989, the voters of the C ~ t yapproved the lmposltlon of an add~t~onal
?ales and use
tax of one-half of one percent (112% of 1%) for economlc development and an add~t~onal
one-half of one percent (I12 of 1 %) for property tax reduct~on
Collect~onfor the addlt~onaltax went Into effect on January I, 1990 The sales tax for economlc development 1s collected solely for the benefit of the
Development Corporat~onof Abllene, Inc , and may be pledged to secure payments of sales tax revenue bonds ~fissued by the Corporatron In the
future
Ftscal
Year
knded
9-30
2005
2006
2007
2008
2009
.rota1
Collected(1)
2 1,562,384
22,715,630
25,024,647
25,924,328
25,913,544
% of
Ad Valorem
Tax Levy
97 41%
I l l 16%
96 51%
89 16%
80 32%
Equ~valentof
Ad Valorem
Tax Levy
0 6172
0 6379
0 6234
0 5909
0 5340
Per
Cap~ta(2)
188
195
2 16
224
22 1
(I) Excludes collect~onsof a 112 of 1% sales and use tax for economlc development
(2) See "Est~matedPopulation" under "Table 3 - Valuation and General Obligation Debt History"
Table 15 -Current Investmeuts
The City has not engaged In repurchase or reverse repurchase agreements and has never leveraged the portfol~o
As of January 31,2010, the C~ty'sInvestable funds were invested in the following categories:
Investment
Type
Percent
of Total
Investments
to Book Value
Book
Value
Fair
Market
Value
$35,127,253
16,745,372
15,000,000
10,004,891
5,000,000
1,000.031
$82,877,547
$35,127,253
16,745,372
15,000,000
10,004,891
5,000,000
1,000,940
$82,878,456
Maturity
Range
Core Portfolio:
Federal Agency Instruments
Emergency/l,iquidity Portfolio:
TexPool
TexStar
JP Morgan Chase High Balance Savings
FNB- Baird Now
Certificates of Deposit
Federal Agency Instruments
40 42%
19 27%
17.26%
11.51%
5 75%
I 15%
95.36%
Discretionary Portfolio:
As of such date the weighted average life ofthe total portfol~owas 24 days, weighted average ylelds were
State Pools
Certificates of Deposit
Sav~ngs
U.S. Treasury and Federal Agency Instruments
The market value of the total Investment portfolio on January 3 I, 20 10, was approximately 100 064% of book value.
Same Day
Same Day
Same Day
Same Day
12/10
TABLE 16 - PASSENGER ENPLANEMENTS ON SCHEDULED AIRLINE FLIGHTS
Calendar Year
American Eagle
Other Airlines
Total
2005
2006
2007
65,922
73,613
78,003
16,217
2 1,746
17,810
82,139
95,359
2008
80,24 1
93,176
2009
83,881
12,935
2,151
95,813
86,032
REVENUE
Operating- Revenue
Non-Operating Revenues
Gross Revenues
2009
$1,221,398
306,777
$1,528,175
Fiscal Year Ended September 30,
2008
2007
2006
$1,132,713
$1,098,339
$998,635
233,870
230.725
251,120
$1,366,583
$1,329,064
$1,249,755
2005
$859,278
230,109
$1,089,387
EXPENSES
Operating Expense (*)
$1,693,085
$1,682,565
$1,538,940
$1,463,238
$1,411,604
PFC Revenue ")
$329,309
$353,604
$401,176
$355,978
$297,884
Debt Service Payment ")
$555,040
$104,780
$109,340
$113,840
$1 16,280
CFC Revenue
$174,985
$240,585
NET REVENUE
(1) The Airport is not accounted for as an Enterprise Fund. but is accounted for in the General Fund
(2) Excludes capital expenditures
(3) PFC Revenue is not included in gross revenue
(4) FAA approved principal and interest payment on Airport Certificate of Obligation, Series 1999 & 2007
(5) 2008 Initial year of collection for CFC Revenue and is not included in gross revenue
TABLE 16 - MONTHLY WATER RATES
Water rates were increased effective September 10 ,2009:
Previous Rates
(effective 9- 11-08)
Present Rates
[effective 9-10-09)
Based on Meter Size ( 2 )
Based on Meter Size
$1.67 per 1,000 gals.
2.36 per 1,000 gals.
3.27 per 1,000 gals.
$1.84 per 1,000 gals.
2.60 per 1,000 gals.
3.60 per 1,000 gals.
$0.60 per 1,000 gals
$0.60 per 1,000 gals
Based on Meter Size (')
Based on Meter Size ( 2 )
$1.70 per 1.000 gals.
2.26 per 1,000 gals.
$1.87 per 1,000 gals.
2.49 per 1,000 gals.
$0.60 per 1,000 gals
$0.60 per 1,000 gals
Residential ('I
Customer Service Charge
Volume Charge:
First 6,000 gallons
7,000 - 15,000 gallons
Over 15,000 gallons
Plus O.H. Ivie charge
Commercial
(')
Volume Charge:
First 6,000 gallons
Over 6,000 gallons
Industrial
Volume Charge:
,411 Consumption
Based on Meter Size (*)
Based on Meter Size
$1.96 per 1,000 gals.
$2.16 per 1,000 gals
$0.60 per 1,000 gals.
$0.60 per 1,000 gals
$3.27 per 1.000 gals
$3.60 per 1,000 gals.
$0.60 per 1.000 gals
$0.60 per 1,000 gals.
Special Treated Water Customers (Contract Customers)
Volume Charge:
All Consumption
$2.26 per 1,000 gals
$2.49 per 1,000 gals.
Yard Meter and Constmction Water
Volume Charge:
All Consumption
(I)
$0.60 per 1.000 gals
$0.60 per 1,000 gals.
Residential category applies to all domestic housing of three units or less. Commercial category applies to business
operations including residential housing with four units or more. For all categories "Outside City Limits" rates are double
the above rates for water consumption.
(2) Customer Service Charges:
Meter Size
518" or 314"
1 inch
1 112 inch
2 inch
3 inch
Monthly
Char~e
10.40
15.00
27.00
45.80
86.00
Meter Size
4 inch
6 inch
8 inch
10 inch
12 inch
Monthly
Charge
122.00
214.00
351.00
451.00
NIA
TABLE 17 - HISTORICAL WATER CONSUMPTION
Fiscal
Annual
Year
Endlng
Treated Water
09130
(Thousand Gallons)
6,822,260
7,044,742
8,024,187
6,974,627
2004
2005
2006
2007
2008
2009
TABLE 18 - TOP TEN TREATED WATER CUSTOMERS
Dally Average
(Thousand Gallons)
19,745
1 8,69 1
19,301
21,984
2 1,020
21,102
Peak Day
LThousand Gallons)
28,906
32,465
37,705
29,489
34.626
34,73 1
"'
Fiscal Year Ended September 30.2009
Annual
Customer
Dyess AFB
TDCJID (2)
Potost WSC
Steamboat Mtn WSC
Hawley WSC
Coca Cola
Sun WSC
AISD
Abtex
Abilene Christian University
Consumption
(Thousand Gallonsl
248,304
21 9,850
195,026
183,345
92,825
90,540
75,030
66,506
65,112
59,274
1,295,812
(I) Excludes City of Abilene treated water consumption which 1s metered and billed to General Fund supported activities
(2) Texas Department of Criminal Justice prison system facilities.
TABLE 19 - SPECIAL TREATED WATER CUSTOMERS ("CONTRACT CUSTOMERS")
F~scalYear Ended September 30. 2009
Annual
Water
Customer
Dyess AFB
Potosi WSC
Steamboat Mtn WSC
City of Hamlin
City of Merkel
Hawley WSC
SUN WSC
ViewICaps WSC
Hamby WSC
City of Tye
Eula WSC
City of Baird
Blair WSC
City of Clyde
Hodges
Consumption
(Thousand Gallons)
248,304
195,026
183,345
1 16,657
97,906
92,825
75,030
56,307
54,003
48,489
41,554
24,865
20,152
16,416
6,060
Note: The City of Hamlin purchases raw water from another supplier. The City ofAbilene
only provides the treatment for that water. Billing is for water treatment only.
Billings
467,6 11
422,08 1
396,859
47,5 13
2 10,627
200,745
161,727
122,334
1 16,273
104,s13
88,24 1
53,652
43,607
35,864
13.093
AVERAGE MONTHLY CONSUMPTION
For Fiscal Year Ended September 30,2009, average monthly residential consumptton was 7,783 gallons, average monthly commercial
consumption was 36,378 gallons, and average monthly industrial consumption was 383,104 gallons.
THE SEWER SYSTEM
The sewer collections system covers essentially all of the City except some recently annexed areas. The System operates as a gravity flow system
by 3 sewage lift stations. Sewage flows through 4 - 48" outfall lines, to a main pump station which pumps to the wastewater reclamation plant
4.8 miles northeast of the City.
WASTEWATER RECLAMATION PLANT
The plant has a permitted 22.0 mgd capacity and provides primary and secondary treatment. Final effluent is discharged to either the Clear Fork
of the Brazos River (by State permit), is used for irrigation on City farm land and/or adjoining private farm land or in a reclaimed water project
completed in September, 2000, which provides up to 4.0 mgd for irrigation needs within the city limits of Abilene.
TABLE 20 - MONTHLY SEWER RATES (EFFECTIVE SEPTEMBER 10,2009)
Residential
Volume Charge (Water Consumption)
First 10,000 gallons
Over 10,000 gallons
$9.00 (minimum)
Volume Charge (Water Consumption)
$9.00 (minimum)
$1.23 per 1,000 gallons
Volume Charge (Water Consumption), All Use
$1.23 per 1.000 gallons
$1.23 per 1,000 gallons
No Charge
Commercial
Industrial
Plus: Surcharge Rate if effective (based on type and strength of sewage):
B.O.D.
T.S.S
F.O.G.
$0.09 1Ab
0.0671lb
0.05 l/lb
TABLE 21 - DAILY AVERAGE SEWAGE FLOWS
Calendar
Year
2003
2004
2005
2006
2007
2008
2009
Million
Gallon
y*P
12.919
13.912
12.049
11.448
12.835
12.043
12.707
Table 22 -TOP TEN SEWER CUSTOMERS
Wastewater
Charge (2)
$
210,344
TDCJLD (I)
Dyess Air Force Base
Hendrlck Medical Center
Abllene Independent School District
Abilene Chr~stianUniversity
Hard~n-SlmminsUniversity
City of Tye
Abilene State School
Sunset Arbor Town Homes
Coca Cola
Fiscal Year Ended September 30, 2009
Billings
Total
Surcharge
Ellling
Volume
(Thousand Gallons)
187,807
Texas Department of Criminal Justice prison system facilities
Charges are an estimation based on per gallon charge
(1)
(2)
Table 23 -WATERWORKS AND SEWER SYSTEM CONDENSED STATEMENT OF OPERATIONS
2009
2008
Flscal Year Ended September 30, 2009
2007
2006
2005
Revenue
Water Service
Sewer Service
Other Operating Revenues
Non-Operating Income
Gross Revenues
Operatinn Expenses
'I'
Personal Services
Supplies
Maintenance
Other Services and Charges
Total Operating Expense
1,302,742
19,578,231
$29,229,060
1,371,522
18,539,845
$27,585,294
1,237,080
18,071,309
$26,092,358
1,400,063
18,039,298
$26,232,285
Net Revenue
Water Customers
Sewer Customers
(I)
Operating Expenses: excludes depreciation; includes all payments to the West Central Texas Municipal Water District and
the Colorado Rtver Municipal Water District.
Note. The City has no outstanding or authorized Waterworks and Sewer System Revenue Bonds, however, there will be
general obligation debt outstanding (the 200 IA and 20018 Certificates issued for Waterworks and Sewer Systems purposes
on which annual debt servlces is to be provided from revenues of the System (see "Table 10 - Computation of SelfSupporting Debt"). It is the City's policy and intention to maintaln rates and charges for water and sewer service that will
provide Net Revenues of the system that will fully provide for debt service on general obligation debt issued for
Waterworks and Sewer System purposes over the life of the Waterworks and Sewer System general obligation debt and
any additional Waterworks and Sewer general obligation debt Issued in the future. Monthly Water Rates were increased
effective September I 1,2008 in implementation ofthls policy (see "The Waterworks and Sewer System: and "Table 16 - Monthly
Water Rates", above).
1,155,824
13,678,280
$21,086.470
CITY OF ABILENE
REPORT O N l N T E R N A L CONTROL OVER F l N A N C I A L REPORTING A N D O N COMPLIANCE
A N D OTHER MATTERS BASED O N A N AUDIT O F F I N A N C I A L STATEMENTS
PERFORMED IN ACCORDANCE W I T H GOVERNMENTAUDITING STANDARDS
The Honorable Mayor
Members of the City Council
City of Abilene, Texas:
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 the City of Abilene,
Texas as of and for the year ended September 30, 2009, which collectively comprise the City of Abilene, Texas' basic
financial statements and have issued our report thereon dated February 25, 2010. We conducted our audit i n accordance
with auditing standards generally accepted i n the United States of America and the standards applicable to financial audits
contained in Government Audiiing Stundards, issued by the Comptroller General of the United States.
Internal Control Over Financial Reporting
I n planning and performing our audit, we considered the City of Abilene, Texas' internal control over financial reporting as
a basis for designing our auditing procedures for the purpose of expressing our opinions on the financial statements, but not
for the purpose of expressing an opinion on the effectiveness of the City of Abilene, Texas's internal control over financial
reporting. Accordingly, we do not express an opinion on the effectiveness of the City of Abilene, Texas' internal control over
financial reporting.
A control deficiency exists when the design or operation of a control does not allow management or employees, i n the normal
course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency
is a control deficiency, or combination o f control deficiencies, that adversely affects the City o f Abilene, Texas' ability to
initiate, authorize, record, process, or report financial data reliably i n accordance with generally accepted accounting
principles such that there is more than a remote likelihood that a misstatement of the City of Abilene, Texas' financial
statements that is more than inconsequential will not be prevented or detected by the City of Abilene, Texas' internal
control.
A muterial weakness is a significant deficiency, or combination o f significant deficiencies, that results i n more than a remote
likelihood that a material misstatement of the financial statements will not be prevented or detected by the City of Abilene,
Texas' internal control.
Our consideration of the internal control over financial reporting was for the limited purpose described i n the first
paragraph of this section and would not necessarily identify all deficiencies i n the internal control that might be significant
deficiencies or material weaknesses. We did not identify any deficiencies i n internal control over financial reporting that we
consider to be material weaknesses, as defined above.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City o f Abilene, Texas' financial statements are free of
material misstatement, we performed tests o f its compliance with certain provisions o f 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 o f noncompliance or other
matters that are required to be reported under GovernmentAudiling Standarh.
This report is intended solely for the information and use of the City Council, management and federal and state awarding
agencies and pass-through entities and is not intended to be and should not be used by anyone other than these specified
parties.
DAVIS KINARD & CO, PC
Abilene, Texas
February 25,2010
REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE T O EACH
MAJOR PROGRAM AND INTERNAL CONTROL OVER COMPLIANCE IN ACCORDANCE
WITH OMB CIRCULAR A-133 AND THE STATE O F TEXAS SINGLE AUDlT CIRCULAR
The Honorable Mayor
Members of the City Council
City of Abilene, Texas:
Compliance
We have audited the compliance of the City of Abilene, Texas with the types of compliance requirements described in the
U.S. Oftice of Management and Budget (OMB) Circular A-133 Compliance Supplement that are applicable to each of its
major federal and state programs for the year ended September 30,2009. The City of Abilene, Texas' major federal and
state programs are identified in the summary of auditor's results section of the accompanying schedule of findings and
questioned costs. Compliance with the requirements of laws, regulations, contracts and grants applicable to each of its
major federal and state programs is the responsibility of the City of Abilene, Texas' management. O u r responsibility is to
express an opinion on the City of Abilene, Texas' compliance based on our audit.
We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of
America; the standards applicable to financial audits contained in Government Audiiing Standards, issued by the
Comptroller General of the United States; OMB Circular A-133, Audits of States, Local Governmenfs, and Non-Profit
Organizalions and the State of Texas Single Audit Circular. Those standards and OMB Circular A-133 require that we plan
and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance
requirements referred to above that could have a direct and material effect on a major federal or state program occurred.
An audit includes examining, on a test basis, evidence about the City of Abilene, Texas' compliance with those requirements
and performing such other procedures as we considered necessary in the circumstances. W e believe that our audit provides
a reasonable basis for our opinion. Our audit does not provide a legal determination on the City of Abilene, Texas'
compliance with those requirements.
In our opinion, the City of Abilene, Texas complied, in all material respects, with the requirements referred to above that
are applicable to each of its major federal and state programs for the year ended September 30,2009.
Internal Control Over Compliance
The management of the Citv of Abilene, Texas is responsible for establishing and maintaining effective internal control over
compliance with requiremints of laws, regulations; contracts and grants-applicable to federal and state programs. In
planning and performing our audit, we considered the City of Abilene, Texas' internal control over compliance with
requirements that could have a direct and material effect on a major federal or state program in order to determine our
auditing procedures for the purpose of expressing our opinion on compliance, but not for the purpose of expressing an
opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the
effectiveness of the City of Abilene, Texas' internal control over compliance.
A control deficiency in an entity's internal control over compliance exists when the design or operation of a control does not
allow management o r employees, in the normal course of performing their assigned functions, to prevent or detect
noncompliance with a type of compliance requirement of a federal or state program on a timely basis. A significant
deficiency is a control deficiency, o r combination of control deficiencies, that adversely affects the entity's ability to
administer a federal or state program such that there is more than a remote likelihood that noncompliance with a type of
compliance requirement of a federal or state program that is more than inconsequential will not be prevented or detected by
the entity's internal control.
A material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote
likelihood that material noncompliance with a type of compliance requirement of a federal or state program will not be
prevented or detected by the entity's internal control.
Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this
section and would not necessarily identify all deficiencies in internal control that might be significant deficiencies or material
weaknesses. We did not identify any deficiencies in internal control over compliance that we consider to be material
weaknesses. as defined above.
This report is intended solely for the information and use of the City Council, management and federal and state awarding
agencies and pass-through entities and is not intended to be and should not be used by anyone other than these specified
parties.
&
t16, PC
DAVIS KINARD & CO, PC
Abilene, Texas
February 25,2010
CITY O F ABILENE. TEXAS
Exhibit H-I
Page I
SCHEI)UI,E OF EXPENDITURES O F FEDERAL AND STATE AWARDS
GrantorIPro~ramTitle
Federal
CFDA
Number
Federal Assistance:
Department of H o u s i n ~and Urban Development:
Direct Program:
Community Planning and Development:
Community Development Block Grant
Home Investment Partnership Program
ED1 Grant-Airport
Total Department of Housing and Urban Development
Department of Transportation:
Direct Programs:
Federal Transit Administration:
Federal Transit Formula Grants
Capital Assistance
Planning Assitance
Preventive Maintenance
Capital Assistance
Operating Assistance
ADA Assistance
Capital Assistance
Planning Assitance
Operating Assistance
ADA Assistance
JARC - eveninglroute 12 service
-
Federal Aviation Administration:
Airport Improvement Program
Abilene Municipal Airport
Office of the Secretary:
Passed Through Texas Department of Transportation:
Federal Transit - Formula Grants
JARC Evening
Public Transportation Fund
Public Transportation Fund
20.507
20.507
20.507
NHTSA - State and Community Highway Safety
Selective Traffic Enforcement Project
20.600
FHWA - Highway Planning and Construction
Abilene Urban Transportation Study
20.205
-
Total Department of Transportation
Department of Aericulture:
Passed Through Department of State Health Services:
Special Supplemental Nutrition Program for
Women, Infants, and Children
Total Department of Agriculture
Grant Number
Current Year
GAAP Basis
Grant
Expenditures
Pass-Through
To
Subrecipients
Exhibit H-1
Page 2
SCHEDULE O F EXPENDITURES O F FEDERAL AND STATE AWARDS
Federal
CFDA
Number
GrantorIProeram Title
Federal Assistance: (continued)
Department of Homeland Securih.:
Direct Program:
Federal Emergecy Management Agency:
Assistance to Firefighters Grant
Assistance to Firefighters Grant
Passed Through Governor's Division of Emergency Management:
Homeland Security Grant Program:
97.042
Emergency Management Performance Grant '09
State Homeland Security Program
97.073
Law Enforcement Terrorism Prevention Program
97.074
State Homeland Security Program
97.073
Total Department of Homeland Security
Institute of Museum and Library Services
State Library Program:
Passed Through Texas State Library:
Special Project-TANG '08-09
Special Project-TANG '09-10
Public Libra) y Systems '08-09
Public Libra1 y Systems '09-10
Passed Through Interlibrary Cooperation:
InterLibrary Loan 09-10
InterLibrary Loan 09-10
Total Institute of Museum and Library Services
Department of Health and Human Services:
Direct Program:
Health Resources and Services Administation:
Health Care and Other Facilities Grant
CDC - Centers for Disease Control and Prevention
Investigations and Technical Assistance:
OPHP - Bioterrorism '08
OPHP Bioterrorism '09
CPSIBRDFP2 Bioterrorism Discretionary 09
-
-
93.887
93.283
93.283
93.283
ACF - Refugee and Entrant Assistance State Admn Programs:
93.566
Refugee Health Screening Program '09
-
DSHS - lmmunization - State Admn Program
Immunization '09
Immunization '10
DSHS RLSSILPHS - State Admn Program
RLSSILPHS '09
RLSSILPHS '10
-
93.268
93.268
Grant Number
Current Year
GAAP Basis
Grant
Expenditures
Pass-Through
To
Subrecipients
Exhibit H-1
Page 3
SCHEDULE O F EXPENDITURES OF FEDERAL AND STATE AWARDS
Federal
CFDA
Number
Grantor/Prwram Title
Grant Number
Current Year
GAAP Basis
Grant
Expenditures
Federal Assistance: (continued)
Department of Health and Human Services: (continued)
Passed Through West Central Texas Council
of Governments:
Administration on Aging:
Nutrition Service Incentive Program
93.053 *
C1&2-2009-007-04
Special Programs for the Aging Title 111, Part C-Nutrition Services
Congregate Meals
93.045 *
C1&2-2009-007-04
C1&2-2009-007-04
Home Delivered Meals
93.045 *
-
Passed Through Texas Center for the Judiciary:
Children's Justice Act Project:
Children's Justice Grants to State
Total Department of Health and Human Services
Denartment of Justice:
Office of Juvenile Justice and Delinquency Prevention:
National Childrens Alliance
National Childrens Alliance
Direct Program:
Office of Justice Programs:
Bulletproof Vest Partnership Program
Bureau of Justice Assistance:
Edward Bryne Justice Assistance Grant
National Institute of Justice:
Paul Coverdell National Forensic Sciences
Improvement Act Grant
Total Department of Justice
The American Recovew and Reinvestment Act
Denartment of Transnortation:
Federal Transit Administration:
ARRA Capital Assistance
-
Total Department of Transportation ARRA
Total ARRA
Total Federal Awards
Clustered program as identified i n the OMB Compliance Supplement, March 2009
15394
96,705
13,889
110,594
Pass-Through
To
Subrecipients
Exhibit H-1
Page 4
SCHEDULE OF EXPENDITURES OF FEDERAL AND STATE AWARDS
Federal
CFDA
Number
Grant Number
Current Year
GAAP Basis
Grant
Expenditures
State Assistance:
Texas Com~trollerof Public Accounts:
Law Enforcement Officer Standards and Education
Law Enforcement Officer Standards and Education
Law Enforcement Ofiicer Standards and Education
NIA
NIA
NIA
17560004404-023 %
17560004404-025
17560004404-027
1,076 $
17,516
1,632
Texas State Libram and Archives Commission:
Public Library Services:
Lone Star Grant
Deoartment of State Health Services:
Primary Care 09
Primary Care 10
Immunization Program '09
Immunization P rogram '10
RLSSLPHS '09
RLSSLPHS 'LO
DPISIGovernor's Advisory Council on Physical Fitness
Children's Advocacy Centers of Texas:
Passed Through Abileneflaylor County Child Advocacy Center:
NIA
Childs Advocacy Center '09
NIA
Childs Advocacy Center '10
2009-29
2010-29
54,453
4,449
08-07-GO6
08-07-GO8
09-07-GO2
8,698
5,500
13,855
Texas Deoartment of Transnortation
Routine Airport hlaintenance Program
Texas Commission on Environmental Quality
Passed Through West Central Texas Council of Governments:
Environmental Officer
NIA
NIA
Solid Waste Pass-Through
NIA
Solid Waste Pass-Through
Total State Assistance
TOTAL FEDERAL AND STATE AWARDS
Pass-Through
To
Subrecipients
NOTES ON ACCOUNTlNG POLIClES FOR FEDERAL AWARDS
For the Year Ended September 30,2009
NOTE 1: SUMMARY O F ACCOUNTING POLICIES
The City utilizes the General Fund, Special Revenue Funds, Capital Projects Funds, and Enterprise Funds to account and
report for federal awards. The accounting and financial reporting treatment applied to a fund is determined by its
measurement focus.
In the fund financial statements, all governmental funds are accounted for using a current financial resources measurement
focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet.
Operating statements of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e.,
expenditures and other financing uses) in net current assets.
All proprietary funds are accounted for on a flow of economic resources measurement focus. With this measurement focus,
all assets and all liabilities associated with the operation of these funds are included on the statement of net assets. Fund
equity (i.e., net assets) is segregated into restricted and unrestricted net asset components. Proprietary fund-type operating
statements present increases (e.g., revenues) and decreases (e.g., expenses) in net assets.
Governmental funds in the fund financial statements are accounted for using the modified accrual basis of accounting.
Expenditures a r e recognized when the related fund liability is incurred. Grant revenues in the special revenue funds a r e
recognized at the time expenditures are incurred in a particular grant, in an amount proportionate to the percentage of
federal participation in the expenditures incurred. Cash received from the grantor agencies is treated as deferred revenue
until the time it is "earned" o r "applied" as revenue. Revenues in the general fund are recognized at the time they become
available and measurable.
Proprietary fund revenues and expenses are recognized on the accrual basis. Revenues a r e recognized in the accounting
period in which they are earned and become measurable; expenses are recognized in the period incurred, if measurable.
The City applies only those Financial Accounting Standards Board (FASB) pronouncements issued prior to November 30,
1989 in the accounting and reporting of its proprietary funds.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions of the grant and
accordingly, when such funds are received; they are recorded as deferred revenues until earned. Indirect costs of the grants
are recorded as grant expenditures in the schedule of expenditures of federal awards. Grant expenditures are reduced by
program income. The Community Development Block Grant expenditures a r e reduced by $4,975 of program income, the
Home Investment Partnership grant expenditures are reduced by $4,843 of program income and the Transit Operating
grant expenditures are reduced by $353,921 of program income.
The period of availability for federal grant funds, for the purpose of liquidation of outstanding obligations made on o r
before the ending date of the federal project period extended 30 days beyond the federal project period ending date, is in
accordance with provisions in Section H. Period of Availability of Federal Funds, Part 3, OMB Circular A-133 Compliance
Supplement.
Amounts reported in the schedule of expenditures of federal awards may not agree with the amounts reported in the related
federal financial reports filed with grantor agencies because of accruals which would be included in the next report filed
with the agencies.
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
A. Summary of Auditor's Results
Type of Report on Financial Statements
Unqualified Opinion
Significant Deficiencies Relating to Financial Statements
None
Material Weaknesses involving Significant Deficiencies
None
Noncompliance Material to the Financial Statements
None
Significant Deficiencies Relating to Compliance
None
Type of Report on Compliance with Major Programs
Unqualified Opinion
Findings and Questioned Costs for Federal or State Awards
As Defined in Section .510(a), OMB Circular A-133 or the
State of Texas Single Audit Circular
None
Dollar Threshold Considered Between Type A and
Type B Federal and State programs, respectively
$345,580 and $300,000
Low Risk Auditee Statements
The City was classified as a low-risk auditee
in the context of OMB Circular A-133
Maior Federal Programs:
Grantor Agency:
Program:
Grant No.
CFDA No.
Grantor Agency:
Program:
Grant No.
CFDA No.
Grantor Agency:
Pass through Agency:
Program:
Grant No.
Pass through Agency:
Program:
Grant No.
CFDA No.
Department of Housing and Urban
Development
Home Investment Partnership Program
M-08-MC48-0210
14.239
Department of Transportation
Federal Aviation Administration
Airport Improvement Program
3-48-0002-31,348-0002-32,348-0002-34,
3-48-0002-35,348-0002-36,348-0002-37,
3-48-0002-38
20.106
Institute of Museum and Library Services
Texas State Library System
Special Project TANG '08-09 and '09-'10,
Public Library System '08-'09 and '09-'10
476-09002,476-10012,470-09006,470-10013
lnterlibrary Cooperation
Interlibrary Loan '09-'10
771-09015,771-10024
4 5 3 10
SCHEDULE OF FINDINGS AND QUESTIONED COSTS - continued
A. Summarv of Auditor's Results (continued)
Maior State Programs:
Grantor Agency:
Program:
Grant No.
Department of State Health Services
Primary Care '09 and '10
2009-028722-001,2010-031856-001
B. Findings Required to be Reported in Accordance with Government Auditin2 Standards
None
C. Findines and Questioned Costs for Federal Awards Required to be Reported Under OMB Circular A-133
None
RESOLUTION OF PRIOR YEAR FINDINGS AND OUESTIONED COSTS
Findinps Required to be Reoorted in Accordance with Government Audiling Standards
None
Findings and Ouestioned Costs for Federal Awards Required to be Reported Under OMB Circular A-133
2008-1 Transit Grant -Requests for Reimbursements
CFDA 20.507 Federal Transit Administration: Federal Transit- Formula Grants
Condition: A recent internal review of the calculations for Transit requests for reimbursement of salary costs revealed
that the City's transit vendor's calculations included both employee and employer portion of payroll taxes and other
withholding amounts such as employee 401(k) contributions.
Recommendation: We recommend that the City calculate the amount of funds that were over requested and remit these
funds to the grantor agency. We also recommend that the City review reimbursement requests from its transit vendor
more carefully in the future.
Current Status:
Finding has been resolved.
The City calculated the amounts over requested and submitted the proposed corrective draws to the Federal Transit
Authority (FTA). The FTA approved the corrective actions recommended by the City. The City has completed all
corrective action as of year-end.
Transit has also replaced the office staff with qualified personnel to oversee the accounts payable and payroll processes
that it submits to the City. The City's internal auditor will also audit Transit's process and transactions quarterly.

Section 4 - City of Abilene

Transcription

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