ML20023D796
| ML20023D796 | |
| Person / Time | |
|---|---|
| Site: | Crystal River  |
| Issue date: | 05/26/1983 |
| From: | TALLAHASSEE, FL |
| To: | |
| Shared Package | |
| ML20023D793 | List: |
| References | |
| NUDOCS 8306030323 | |
| Download: ML20023D796 (139) | |
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E r COMPREHENSIVE ANNUAL FINANCIAL REPORT OF THE CITY OF TALLAHASSEE, FLORIDA FOR THE Fiscal Year Ended September 30,1982 Department of Finance Jim C. Kirkland, CPA Director of Finance Member of Municipal Finance Officers Association of The United States and Canada DR DO OOO 2 I PDR m
CITY OF TALLAHASSEE, FLORIDA LISTING OF CITY OFFICIALS As of September 30,1982 ELECTED OFFICIALS Mayor-Commissioner . James R. Ford Mayor Pro Tem-Commissioner . Carol Bellamy Commissioner . . Dr. W. Judd Chapman Commissioner . . Hurley W. Rudd Commissioner . Kent Spriggs APPOINTED OFFICIALS City Manager . Daniel A. Kleman City Treasurer-Clerk . . Robert Inzer City Attorney. . Bryan W. Henry City Auditor . James Gould DEPARTMENT DIRECTORS Deputy City Manager for Community Services . . Joe B. Dykes, Jr.
Deputy City Manager for Administrative Services. .E. Dean Block Director of Finance . Jim C. Kirkland Director of Budget & Research . Charles F. Cuthbertson Director of Planning . . Frank Branan General Services Director . Charles Barrier Director of Employee Relations .Evelyn A. Brion Fire Chief. . Edwin Ragans Chief of Police . . Melvin Tucker Director of Tallahassee Transit . John L. Carter Airport Director. . Rotert Johnson Director of Electric Utilities .Kenneth Morgan Director of Underground Utilities . . Thomas P. Smith Director of Public Works . .Rhett Miller Community Improvement Director . Darryl T. Gorham Parks and Recreation Director . Randy Trousdell Affirmative Action Officer . .Sharon Strong i
TABLE OF CONTENTS INTRODUCTORY SECTION PAGE LISTING OF CITY OFFICIALS . i TABLE OF CONTENTS ii CHIEF EXECUTIVE OFFICER'S LETTER OF TRANSMITTAL. v FINANCE DIRECTOR'S LETTER OF TRANSMITTAL . ix CERTIFICATE OF CONFORMANCE xix CITY OF TALLAHASSEE ORGANIZATION CHART xx FINANCIAL SECTION AUDITORS' REPORT 1 GENERAL PURPOSE FINANCIAL STATEMENTS (COMBINED STATEMENTS - OVERVIEW)
Combined Balance Sheet - All Fund Types and Account Groups 4 Combined Statement of Revenues, Expenditures and Changes in Fund Balance -
All Governmental Fund Types and Expendable Trust Funds . 6 Combined Statement of Revenues and Expenditures -
Budget and Actual - General & Special Revenue Fund Types 7 Combined Statement of Revenues, Expenses and Changes in Retained Earnings /
Fund Balances - All Proprietary Fund Types and Pension Trust Funds 8 Combined Statement of Changes in Financial Position -
All Proprietary Fund Types and Pension Trust Funds 9 Notes to Financial Statements 11 COMBINING STATEMENTS AND SCHEDULES - BY FUND TYPE Governmental Fund Types General Fund Balance Sheet. 31 Schedule of Revenue by Source - Budget and Actual 32 Schedule of Expenditures - by Department - Appropriated and Actual. 34 Special Revenue Funds Combining Balance Sheet. 38 Combining Statement J Revenues, Expenditures and Changes in Fund Balance 39 Combining Statement of Revenues and Expenditures -
Budget and Actual 40 ii
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PAGE Capital Project Funds Combining Balance Sheet . 44 Combining Statement of Revenues, Expenditures and Changes in Fund Balances . 45 Proprietary Fund Types Enterprise Funds Combining Balance Sheet . . . .. . . ... . . 48 Combining Statement of Revenues, Expenses, and Changes in Retained Earnings . 50 Combining Statement of Changes in Financial Position . . . . 52 Schedule of Operating Expense -Tallahassee Transit Fund . . . 54 Internal Service Funds Combining Balance Sheet . 55 Combining Statement of Revenues, Expenses, and Changes in Retained Earnings 56 Combining Statement of Changes in Financial Podion 57 Fiduciary Fund Types Combining Balance Sheet 60 Combining Statement of Revenues, Expenses and Changes in Fund Balances -
Pension Trust Funds. . . 62 Combining Statement of Changes in Financial Position - Pension Trust Funds. 63 Combining Statement of Revenues, Expenditures and Changes in Fund Balances -
Expendable Trust Funds. . . . 64 Statement of Changes in Assets and Liabilities - Agency Fund . 65 General Fixed Assets Account Group Schedule of General Fixed Assets - By Sources . . . 67 Schedule of General Fixed Assets - By Function and Activity . . 68 Schedule of Changes in General Fixed Assets - By Function and Activity 69 STATISTICAL SECTION (NOT COVERED BY AUDITORS' REPORT)
Comments on the Statistical Section . . 71 General Government Expenditures by Function - Last Ten Fiscal Years 72 General Revenues by Source - Last Ten Fiscal Years . 73 Tax Revenue by Source - Last Ten Fiscal Years . 74 s Property Tax Levies and Collections - Lr Ten Fiscal Years 75 Assessed and Estimated Actual Value o~ axable Property - Last Ten Fiscal Years 76 Assessed Valuations, Millage and Taxes Levied and Collected - Last Ten Fiscal Years. 77 Property Tax Rates - All Overlapp' - Governments - Last Ten Fiscal Years 78 Special Assessment Collections - Last Ten Fiscal Years . 79 iii
PAGE Computation of Legal Debt Margin 80 Computation of Direct and Overlapping Debt 81 Schedule of General Revenue Bond Coverage - Last Ten Fiscal Years 82 Construction, Bank Deposits and Property Values - Last Ten Fiscal Years 83 Summary of Debt Service Requirements Capital Bonds, Series 1978 84 Electric Revenue Bonds, Series 1977 86 Municipal Gas Revenue Bonds, Series A. 87 Municipal Gas Revenue Bonds, Series B 88 Municipal Gas Revenue Bonds, Series C 89 Municipal Water and Sewerage Revenue Bonds, Series 1964 90 Munic. pal Utility Revenue Bonds, Series 1970 91 Municipal Utility Revenue Bonds, Series 1970A 92 Municipal Utility Revenue Bonds, Series 1979 93 Principal Taxpayers 94 Schedule of insurance in Force . 95 Salaries and Surety Bonds of Principal Officials . 96 MiscellaneUJs Statistical Data . 97 Demographic Statistics 103 -
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l JAMES R PORD DANIEL A. KLE M AN M A VOR-COM MIS siOhE R CITY MANAGER ALL CAROL BELLAMY ROBERT B. INZER MAYOR PRO TE M.COM M i ss1ON E R 4 CITY TRFASURER. CLERK DR. W. JUDD CH APM AN __,
JAMES G. GOULD COMMIS$!ONER CITY A ta DI TO R H U RLEY W. RUDD -
BRYAN W. HENRY COM M e ESIONE R CITY ATTO R N r v MENT SPRIGGS TELEPHONE COM Missf 0NE R (904) 599-6100 CITY HALL 32301 December 22, 1982 Honorable !!ayor and Members of the City Commission City of Tallahassee, Florida Ladies and Gentlemen:
In accordance with state statuten and local charter provisions, I hereby transmit the nnnual Financial Report of the City of Tallahassee as of September 30, 1982 and for the fiscal year then ended. Responsibility for both the accuracy of the presented data and the completeness and f airness of the presentation, including all disclosures, rests with the City.
Management believes that the data, as presented, is accurate in all material aspects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the City as measured by the financial activity of its various funds; and that all disclosures necessary to enable the reader to gain the maximum understanding of the City's financial affairs have been included.
In developing and evaluating the City's accounting system, consideration is given to the adequacy of internal accounting controls. Internal accounting controls are discussed by the finance director in his accompanying letter of transmittal, and within that framework, I believe that the City's internal
- accounting controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions.
This report has been prepared following the guidelines recommended by the Municipal Finance Of ficers Association of the United States and Canada.
The Municipal Finance Of ficers Association awards Certificates of Confornance to those governments whose annual financial reports are judged to conform substantially with high standards of public financial reporting including generally accepted accounting principles promulgated by the National Council on Governmental Accounting. The City of Tallahassee was awarded a Certificate of Conformence for its annual financial report for fiscal year 1981.
It is my belief that the accompanying fiscal year 1982 financial report 9
continues to meet program standards and it will be submitted to the Municipal Finance Officers Association for review.
"FLolllDXS C.\l'IT.\l. CITY - SI:IWING .\LL Fl.OltllM V
Letter to City Commission Page 2 December 22, 1982 In accordance with the above-mentioned guidelines the accompanying report consists of three parts:
- 1) Introductory section, including the finance director's letter of transmittal
- 2) Financial section, including the financial statements and supplemental data of the government accompanied by our independent auditor's opinion
- 3) Statistical section, including a number of tables of unaudited data depicting the financial history of the government for the past 10 years, information on overlapping governments, and demographic and other miscellaneous information State law requires that the financial statements of the City of Tallahassee be audited by a certified public accountant selected by the City Commission. This requirenent has been complied with, and our auditor's unqualified opinion is included in the financial section of this report.
Tallahassee, like other municipalities, continues to operate in an environment which mandates new responses, services and responsibilities, yet restricts our ability to meet these requirements.
The role of the Federal Government in assisting municipalities with issue of common concern continues to erode. We face a continuing decline in traditional assistance programs to mass transit, park acquisition and urban development grants. While these reductions had only minor impact in I
Fiscal 1982, they become more pronounced in Fiscal 1983 and have significant impact in Fiscal 1984 and 1985. If the City fills the void created by reduced Federal commitments, then by Fiscal 1985 a minimum of $1,000,000 in new revenues at the local 1cvel will be needed just to maintain current icvels of services. Clearly then, the City will be faced in the near future with difficult decisions.
At the State level, Fiscal 1982 represented a new initiative by the legislature to aid fidancially strapped local governments. The passage of the one cent sales tax may represent a turning point in State recognition of local revenue generation problems. The signals, however, remain mixed as legislation continues to restrict the City's ability to grow territorially, and State agencies continue to attempt to reduce or eliminate existing revenue sources through the imposition of regulatory controls. This infringement upon local government Home Rule authority bodes ill for local decision making.
' Potentially the City may be faced with reexamining intergovernmental agreements, or imposing significant new revenue requirements. It is particularly unfortunate
! that the City would be pushed into making these decisions when the current l system appears to operate to all parties' mutual benefit.
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4' Letter to City Commission Page 3 December 22, 1982 The City has, however, been fortunate to survive this broad assault.
Aggressive annexation, conservative fiscal policies and a broad source of revenue generation have all contributed to making Tallahassee one member of a unique and select group - Those Cities which not only have a budget balanced on current revenues but have established ret.erves to meet emergencies.
When looking beyond the current year, the fortunes of the City become clouded as the weight of Federal and State action come to full fruition.
The preparation of this annual financial report could not have been
- accomplished without the dedicated effort of the finance director and his entire staff. Their efforts over the past years toward upgrading the accounting and financial reporting systems of the City of Tallahassee have lead substantially to the improved quality of the information being reported to the City Commission, state government, and the citizens of the City of Tallahassee.
5 R' espe tfully submitted, ,
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i Daniel A. Kleman City Manager f
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JAMES R. FC AD D ANIEL A. K LE MGM M AYOR COMMI5ssONER CITY MANAGER CaQOL BELLAMY g ROBERT B. lNZER MAYOR PRO TE M .COM u l 5SiOhE R [ CITY TREASURER-CLERK DR. W. JUDD CH APM AN JAMES G. GOULD COMMI55'ONER CITY A U DI TO R HU RLEY W. RUDD -
BRYAN W. HENRY COMm..iONER
,g{ CiTv m ORNEv TELEPHONE KENT SPRIGGS C OM M i $$iO N ER (9043 599 8100 CITY HALL 32301 December 22, 1982 Honorable Mayor, Members of the City Commission and City bbnager City of Tallahassee, Florida Ladies and Gentlemen:
The Comprehensive Annual Financial Report of the City of Tallahassee, Florida for the fiscal year ended September 30, 1982 is submitted herewith pursuant to Section 49 of the City Charter, Florida Statutes Chapter 166.241(4) and Chapter 10.500 of the Rules of the Auditor General of the State of Florida.
The Annual Financial Report was compiled by the staff of the Finance Depart-ment with close cooperation of the External Auditors and represents the official report of the City financial operations and condition to the citizens, City Commission, management personnel of the City, rating agencies, and other interested persons. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the City. We believe the data, as presented, is accurate in all material aspects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the City as measured by the financial activity of its various funds; and that all disclosures necessary to enable the reader to gain the maximum understanding of the City's financial affairs have been included.
Accounting System and Budgetary Control The City's accounting records for general governmental operations are maintained on a modified accrual basis, with the revenues being recorded when available and measurable and expenditures being recorded when the services or goods are received and the liabilities are incurred. Accounting records for the City's utilities and other enterprises are maintained on the accrual basis.
In developing and altering the City's accounting system consideration is given to the adequacy of internal accounting controls. Internal accounting controls are designnd 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.
"Fl.ORIDXS cal'ITAI. CITY" - SElWING Al.l. FLORIDA ix
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.
Budgetary control in conformance with Section 27 of the City Charter and Florida Statutes, Chapter 166.241(3) is maintained through the use of detailed monthly budget reports and quarterly interim financial statements.
The Reporting Entity and Its Services The funds and entities related to the City of Tallahassee included in our comprehensive annual financial report are controlled by or dependent on the City. Determination of " controlled by or dependent on" is based on criteria included in the National Council on Governmental Accounting Statement 3 -
Defining the Governmental Reporting Entity. The criteria deal with comparability, comprehensiveness and responsibility and control. Based on these criteria the various funds and account groups (being all the fund and account groups of the City) shown in the Tables of Contents are included in this report. In addition the financial statements of the Downtown Improvement Authority are included since the Authority lacks substantial autonomy.
The City provides the full range of municipal services contemplated by statute or character. This includes public safety (police and fire), streets and sidewalks, garbage collections, recreation, public improvements, planning and zoning, general administrative services, four utilities (electric, gas, water, and sewer), a mass transit bus system and a municipal airport.
General Government Functions The General Fund encompasses the general governmental functions of the City not required to be accounted for in other funds. Revenues from general governmental functions, including Transfers from Other Funds, totaled
$36,588,200 in 1982, an increase of 4.8% over 1981, primarily due to increased tax revenues and Transfers from Other Funds. Presented below is a comparison of the current fiscal year funding compared to last fiscal year.
Increase Percent (Decrease)
Fippycing Sources Amount of Total From 1981 Taxes $ 8,210,400 22.4% $ 885,400 ,
Licenses and Permits 1,050,300 2.9% 69,200 1 Intergovernmental Revenues 5,947,100 16.3% (84,700)
Charges for Services 2,919,000 8.0% 92,900 Fines and Forf9.its 274,200 .7% 24,6CJ Other Revenues 623,900 1.7% (366,900)
Transfers from other rundi 17,563,300 48.0% 1,063,300 TOTAL $ 36,588,200 100.0% $1,683,800 x
4 Assessed property valuation of $1,418,980,300 (according to the Leon County Tax Collector) for 1982 represents a 4.5% increase over the $1,358,118,400 valuation for 1981. The City levied a 2.614 mil property tax, all of which-is for operating purposes and has no uncollected ad valorem taxes.
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- operating expenditures and Transfers Out amount to $36,452,200 for 1982. This i was an increase of 3.8% from 1981. This increase primarily resulted from increased spending for Public Safety due to successful annexations and increased expenditures in Culture and Recreation due to the acquisition of a golf course. The large change in General Government is the result of reclassifying i $4,587,604 of debt service funding from being presented as a General Government I
expenditure to being included in Transfers to Other Funds. This allows the
- expenditure to be shown as occurring in the Debt Service Fund and further allows i proper balancing of Contributions To and From Funds. Increases in levels of expenditures for major functions of the General Fund over the preceding year are shown in the following tabulation:
1 Increase
. Percent (Decrease)
Function Amount of Total From 1981 General Government S 5,711,700 15.7% $ (4,480,200)
- Public Safety 10,803,700 29.6% 1,114,800 i Highway and Streets 2,202,500 6.0% 317,800 Sanitation 3,314,400 9.1% 393,600 Health 1,052,700 2.9% 212,000 Welfare 420,300 1.2% 18,600
, Culture and Recreation 3,205,200 8.8% 739,600 Transfers to Other Funds 9,741,700 26.7% 3,009,900 ;
TOTAL $ 36,452,200 100.0% $ 1,326,100 In 1982, General Fund Sources exceeded General Fund Uses by $136,000 and this
- amount was added to Fund Balance. The General Fund continued to operate on a i " pay-as-you-go" basis which is so important to local governmental financial practice. This can additionally be demonstrated since included in Transfers
- to Other Funds is $1,861,300 and $500,000 to internally fund capital projects, which otherwise would have to be bonded, and an automated accounting and l financial system, respectively. This internal funding is in accordance with
! our City Commission approved Debt Management Policy.
I Special Revenue Funds l Special Revenue Funds account for revenue from special revenue sources which are legally restricted for specific purposes. The combined fund balances l
, of these Funds amounted to $18,888,700 and the following represents an analysis
( of sources and uses in the Special Revenue Funds for 1982.
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Change in Fund Sources Uses Fund Balance Special Insurance Reserve $ 82,500 $ 0 $ 82,500 Deficiencies & Emergencies 2,326,600 651,700 1,674,900 Water & Sewer Line Extension and Depreciation Fund 837,500 763,400 74,100 Special Capital Projects Fund 2,645,800 3,102,000 (456,200)
TOTALS $ 5,892,400 $4,517,100 $ 1,375,300 The Special Insurance Reserve Fund was created as a reserve against excessive losses by the City from such natural disasters as hurricanes and fires. The Deficiencies and Emergencies Fund accounts for unforeseen expenditures of an emergency nature as well as the accumulation of assets to meet such emergencies and for unexpected or unbudgeted revenue shortfalls.
The Water and Sewer Line Extension and Depreciation Fund was established for the purpose of planning and constructing additions to treatment plants and major systems lines of the water and sewer systems of the City. In addition, this fund may make payments of principal and interest, when due, on bonds sold to finance such improvements, extensions, renewal and replacements of the water and sewer systems. This fund is used only to collect system impact fees and not for capital construction. Any expenditure is made out of either the Water or Sewer Fund with a contribution being made to those Funds when so appropriated. This Fund is maintained separately since there is no way to determine how or for which function or Fund the monies will ultimately be expended.
The Special Capital Projects Fund provides means of financing long term Capital Projects while minimizing the impact on the Operation Budget.
Debt Administration The ratio of net bonded debt to assessed valuation and the amount of bonded debt per capita are often useful indicators of the City's debt position to municipal management, citizens, and investors for General Government Debt.
However, it should be recognized that the City has no general obligation debt and that ad valorem taxes are specifically excluded from being pledged revenues.
These data for the City at the end of the 1982 fiscal year were as follows:
Ratio of Debt to assessed value Ratio of Debt (50.9% of present to present Debt per Net direct Amount market) market value capita ;
j bonded debt $50,561,100 3.6% 1.8% $547.79 J As mentioned, the City has no outstanding general obligation debt since the decision has been made instead to finance with general revenue bends for ;
general government type capital improvementu. The City currently has outstanding
$38,800,000 of such Capital Bonds and $20,000,000 of Capital Bond Anticipation Notes with $8,238,900 available for debt service. Additionally, the City has xii
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outstanding certain self supporting bonds which includes $117,000,000 of Electric Revenue Bonds plus $3,000,000 of Electric Revenue Bond Anticipation Notes with $10,800,400 available for debt service, and $21,660,000 of Utility Revenue Bonds with $2,163,700 available for debt service. In 1979, the ratings of the Municipal Utility Revenue Bonds were upgraded by Moody's from "A" to "Al". This year all bonds remained rated as in the previous year. The following is a schedule of the City's bond ratings:
Standard &
Bonds Moody's Poor's Capital Bonds - Series 1978 Al A Bond Anticipation Notes MIG-1 Not Rated Electric Revenue Bonds Al AA Electric Revenue Bond Anticipation Notes MIG-1 Not Rated Municipal Utility Revenue Bonds Al A+
Municipal Gas Revenue Bonds Not Rated A Municipal Water & Sewerage Revenue Bonds Al AA All reserve requirements mandated by bond covenants are fully funded at the prescribed levels.
Cash Management Program Beginning in 1977, in order to maximize the value of idle cash, through a bidding process, we entered into a banking service agreement with a bank.
The agreement was modified and was rebid in the summer of 1932. The agreement calls for the bank, on a daily basis, to invest all monies in our demand accounts in excess of $650,000 in an overnight repurchase agreement at the Federal Funds Rate. Earnings directly attributable to our bank'ing agreement for Fiscal Year 1982 are $333,961.
During the year ended September 30, 1981 the City establisned a pooled investment account. Under this program all available cash which is not legally restricted is pooled together for investment purposes to insure the highest efficiency and return. Investments are made in various money market instruments including treasury bills, repurchase agreements, certificates of deposits and agencies of the federal government. Investments are selected based upon current and anticipated liquidity requirements, yield, market diversification, and anticipated market movements. However, in no event are investments purchased whose maturity exceeds three years. Earnings are distributed to the various funds on a weekly basis according to their percentage of investment.
The average yield on investments owned during the fiscal year 1982 was 16.21%.
The average life of the portfolio at the end of the year was approximately 18 months and was being extended to lock-in current rates in anticipation of falling interest rates.
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Capital Proj ects Funds Proceeds of general revenue bond issues and internal general government typ fundings are primarily accounted for in Capital Projects Funds until the improvement projects are completed. At the end of the fiscal year, completed projects are capitalized in the General Fixed Assets Account Group. During 1982, a net amount of $11,177,800 of such assets were added to General Fixed Assets primarily representing such expenditures.
The Capital Project Fund balances on hand at September 30, 1982 were $19,711,800 represented primarily in cash, including investments and $1,333,100 due from other governments.
, These assets are primarily intended to be used to construct a new City Hall and a Municipal Services Building, for Park and Recreation Construction and for street and traffic signal system improvements.
Enterprise Funds Enterprise Funds are those that are financed and operated in a manner similar to a private business enterprise where the intent of the governing body is that the cost of providing goods and services on a continuing basis be financed through user charges or where the governmental body has decided that periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, budget policy, management control, l accountability, or other purposes. The City accounts for its Electric, Gas,
! Sewer, Water, Airport, and Transit Funds as enterprise operations. These 4 Funds are primarily supperted by user charges. Net Income as used in these Funds is a defined accounting term which is primarily different from Budgetary
, Income in that depreciation and transfers have been deducted but not bond principal payments, contributions to the Renewal, Replacement and Improvement sub-funds nor capital purchases.
Electric Fund Electric Fund operating revenues increased to $87,798,300 or $5,562,800 l over 1981. This represents a 6.8% increase, primarily attributable to increased i
base rates and increased fuel escalation costs which are passed through to l the consumer. Operating expenses increased $2,953,500 to $66,244,100 or i a 4.7% increase over 1981. This is primarily attributable to fossil fuel costs which increased by $1,656,000 and other minor increases for inflation.
Net income increased to $4,139,500 or $1,917,400 above 1981. Electric customers
- increased by 1,390 to 58,683 or 2.4% in 1982. Comparative data for the last j two fiscal years are presented below
1982 1981 Operating Revenues $87,798,300 $82,235,500 ;
i Net Income Af ter Transfers 4,139,500 2,222,100 Amount Available for Debt Service 36,083,100 32,601,500 Maximum Debt Service 10,800,400 10,800,400
) Debt Coverage for Outstanding Bonds 3.34(X) 3.02(X) j xiv I
Municipal Utility System The City of Tallahassee maintains separate accounting records for its gas, sewer, and water operations. However the outstanding bonds are principally Municipal Utility Revenue Bonds secured by the revenues of the combined operations of these Funds which are often called the Municipal Utility System. The Municipal Utility System does not incivde the Electric Fund. Therefore, I feel it is reasonable to show certain cambined computations as presented below:
1982 1981 Operating Revenues $17,371,000 $16.938,300 Net Income After Transfers 4,596,000 5,070,000 Net Revenues Available for Debt Service 7,672,200 8,181,600 Maximum Debt Service 1,929,269 1,929,269 Debt Coverage 3.98(X) 4.24(X)
Net Income in the Gas Fund increased from $402,900 in 1981 to $714,100 in 1982 or $311,200 primarily due to a rate increase. Gas sales actually declined by 168,166 MCF from 1981. This 11.8% decrease resulted in sales of 1,251,516 MCF in 1982 and was due to unusually warm weather in the service area. Customers declined by only 9 customers to 7,309 in September 1982.
Net Income in the Sewer Fund decreased from $1,868,800 in 1981 to $1,607,000 in 1982 or 14%. This was due to general inflation since customers increased by 1,130 to 30,454 in September of 1982.
Net Income in the Water Fund also decreased from $2,458,500 in 1981 to
$1,486,900 in 1982 or $971,600. This was largely due to additional supply facilities which came on line and had to be operated as well as general inflation.
Metered water customers increased by 1,391 to 35,879 and hydrant rental customers decreased by 1,032 to 3,978 in 1982 due to successful annexations. Hydrants are supplied without charge inside the City only. Water sales increased by slightly over 35 million gallons to 5,830.7 million gallons in 1982.
Airport Fund Eet Income in the Airport Fund decreased from $467,300 in 1981 to a net loss of $77,400 in 1982. This was due to increased cost of items purchased for resale, depreciation on contributed assets plus general inflation. Negotiations are currently underway with the airlines who service and use the airport and this loss is expected to be remedied by these actions.
Tallahassee Transit Fund The Tallahassee Transit Fund accounts for the City-owned bus system. The capital assets of the system were primarily funded through federal grants from the Urban Mass Transit Authority (UMTA). Additionally, each year the t operating loss, exclusive of depreciation and capital purchases, is 50%
funded by Section V operating grant f rom UMrA. The net loss decreased from
$1,305,100 in 1981 to $1,051,000 in 1982. This resulted from route modifications and improved ridership. The City Commission believes it is in the best interests to have the municipally operated transit system and demonstrates their commit-ment by continuing to budget for the losses in this system.
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Internal Service Funds Internal Service Funds are established to account for the financing of goods and services provided by one department or agency to other departments or i
agencies of the governmental unit on a cost-reimbursement basis. The City of Tallahassee accounts for its Reading, Billing, and Collection activities, Data Processing, Accounting, Central Stores, Purchasing, Garage, Human Resources, and Pension Administration activities as Internal Service Funds in 1982. The expenses associated with these funds are billed to other City departments through allocation methodologies deemed most reasonable for each activity. These allocation methodologies were developed and are included in the City's Cost Allocation Plan which has been approved by our cognizant .
agency, EPA.
Trust & Agency Funds Trust and Agency Funds are established to account for assets held by the governmental unit in a trustee capacity or as an agent for individuals, private organizations, other governmental units, and/or other funds. The largest trust funds in the City are the various retirement plans which include the Municipal Employees' Retirement, City Employees' Pension, Firemen's Pension, Policemen's Pension, and Police Pension Article II Funds. The City Commissioners serve as Trustees of these pension funds with assets of $47,836,900.
Other trust and agency funds include the Stadium Construction, Stadium Operations and Maintenance, Downtown Improvement Authority, Downtown Improvement Authority Parking Garage, and the Leon County Franchise Fee Funds. These Funds have assets of $233,900 and serve various purposes in the best interest of the City.
Special Assessment Fund A Special Assessment Fund is est 511shed to account for the financing of public improvements or services determined to benefit the property against which special assessments are levied. The Street Paving Fund is accounted for as a special assessment fund to allow the cost of certain street paving and sidewalk construction to be levied against the adjacent property owners.
Upon completion of a project, the property owner is assessed a pro-rata portion of the cost of such project and given 30 days to make full payment.
If payment is not received within this time period, a lien is placed upon the property and the owner can repay the City over a period of up to 10 years with interest thereon not exceeding the maximum allowed by law.
General Fixed Assets Group of Accounts The General Fixed Assets of the City are those assets used in the performance of general governnental f unctions and exclude the fixed assets of Lne Enterprise Funds and Internal Service Funds. Governmental accounting dictates that these assets be accounted for separately from the General Fund since they ,
do not represent financial resources available for expenditure. In accordance I with generally accepted accounting principles, the City of Tallahassee does not record depreciation in the General Fixed Assets Group of Accounts. The City of Tallahassee has $32,919,000 worth of general fixed assets which were xvi l
acquired f rom General Fund Revenues, bonds, and gif ts. As allowed by Generally Accepted Accounting Principles for Local Governments, roads, bridges, curbs and gutters, streets and sidewalks, drainage systems, lighting systems, and similar assets that are immovable and of value only to the governmental unit are not recorded as general fixed assets.
Independent Audit The City Charter requires an annual audit of the books of account, financial records, and transactions of all administrative departments of the City by independent certified public accountants selected by the City Commission.
This requirement has been complied with and the auditor's opinion has been included in this report.
Certificate of Conformance The Municipal Finance Officers Association of the United States and Canada (MFOA) awarded a Certificate of Conformance in Financial Reporting to the City of Tallahassee, Florida for its comprehensive annual financial report for the fiscal year ended September 30, 1981.
In order to be awarded a Certificate of Conformance, the City must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requirenents.
A Certificate of Conformance is valid for a period of one year only. We believe our current report continues to conform to Certificate of Conformance Program requirements, and we are submitting it to MFOA to determine its eligibility for another cortificate.
Acknowledgements The preparation of this report on a timely basis could not be accomplished without the efficient and dedicated services of the entire staff of the Finance Department. I should like to express my appreciation to all members of the Department who assisted and contributed to its preparation. I should also like to thank the nembers of the City Commission for their interest and support in planning and conducting the financial operations of the City in a responsible and progressive manner.
Respectfully submitted, ke.\ho~D J4 C. Kirkland Director of Finance Xvii
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Con:!ormance .
InF..inancia Reporting Presented to City of TaLlaaassee, Florida For its Comprehensive Annual Financial Report for the Fiscal Year Ended September 30,1981 A Certificate of Conformance in Financial Rcporting is presented by the Municipal Finance Officers Association of the United States and Canada to governmental units and public employee retirement systems whose comprehensive annual financial reports (CAFR's) are judged to substantially conform to program standards.
S 0. %Q g g President i
companaron Executive Director XIX
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l CITY OF TALLAHASSEE l ORGANIZATION CHART l City Commission City Treasurer City City Attorney Clerk Manager Auditor i
Deputy Deputy City Manager City Manager Comm. Admin.
Services Services Director- Director- Director Director- Director-Underground Management Employee Electric Finance Utilities and Budget Relations l
Director- Project Fire Director- Director-Public Manager Affirmative l
l Works 201 Facilities Chief Action '""'"8 i
Director- Director- Director-Parks and Director- Police General Data Aviation Chief Services Recreation Services ire tor-Director- mmunity Taltran improvement XX
FINANCIAL SECTION This section contains the following subsections: $
Auditors' Report #
General Purpose Financial Statements N Combining Statements and Schedules - By Fund Type @
E I
l Williams i Cooaers Cox j &Ly3 rand Weidner
! Cox 2
December 10, 1982 <
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- The Honorable Mayor-Commissioner i j and City Commissioners l i City of Tallahassee, Florida
, i We have examined the combined financial statements of the City of l j Tallahassee, Florida, as of and for the year ended September 30, !
4 1982, as listed in the table of contents. Our examination was made j l in accordance with generally accepted auditing standards and, i accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circum- ;
stances.
1 In our opinion, the combined financial statements referred to above i present fairly the financial position of the City of Tallahassee, Florida, at September 30, 1982', and the results of its operations and the changes in financial position of its proprietary fund types for the year then ended,' in coaformity with generally accepted ac-l counting principles applied or a' basis consistent with that of the preceding year.
' Our examination was made for the purpose of forming an opinion on the combined financial' statements taken as a whole. The combining ,
- financial statements and schedules listed in the table of contents l are presented for purposes of additional analysis and are not a i required part of the combined financial statements of the City of i j Tallahassee, Florida. The information has been subjected to the l auditing procedures applied in the examination of the combined l financial statements and, in our opinion, is fairly stated in all material respects in relation to the combined financial statements taken as a whole.
1 4 M Coopers & ybrand
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w 6 Williams, Cox, Weidner and Cox w M_________.___ _ _ _ _ _ _
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GENERAL PURPOSE FINANCIAL STATEMENTS l
(Combined Statements - Overview) l These basic financial statements provide a summary overview of the fi-l nancial position of all funds and account groups as well as the operating results of all funds. They also serve as an introduction to the more detailed statements and schedules that follow in subsequent sections.
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CITY OF TALLAHASSEE, FLORIDA COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS September 30,1982 Fiduciary Governmental Fund Types Proprietary Fund Types Fund Type Account Groups Totals Special Debt Capital Special internas Trust General General Lont (Memorandum OnM ASSETS General Revenue Service Projects Assessment E nterpnse Service and Agency Fined Assets term Debt Sept 30.1982 _ Sept 30.1981 Cash $ 35.600 $ - S - 5 - $ - $ 264.700 $ '22.100 1 - 5 - $ -
1 322.400 $ 97.000 Equity incooled Cash 507.400 8.588.500 1.281.400 19.987.700 1.194.500 4.618.500 1.305.800 3.284.200 - -
40.768.000 53.597.300 investmer t at Amortized Cost -
10.567.800 2.905.800 - - - -
44.547.500 - -
58.021.100 33.765.300 Receivables Special Assessments - - - -
906.800 - - - - -
906.800 Accrued interest Receivable 307,400 1.057.700 88.700 -
15.900 185.000 -
37.600 No's Receivable - -
634.600 420.800 374.100 -
374,100 - -
748.200 Customers 475,100 -
795.300 8.358.600 - - - -
8.633.700 7.208,100 Other 4/7.200 5.200 1.333.100 2.462.900 22.700 106.900 - - 4.408.0:y) 5.512.500 Less Allowance for DoubMul Accounts (37,300) - - - -
(882.000) - - - -
(919.300) (834.400)
Due trorn Other Funds 550.000 - - - - -
37.700 - - -
587.700 557.000 Deposits - - - - -
55.400 6.500 - - -
61.900 62.200 inventory - - - - -
9.418.800 2.433.100 - - -
11.857.900 11.707.000 Restncted Assets Cash - - -
10.300 - -
30.000 - -
Equity in Pooled Cash 40.300 37.700
- - - - - 30,309.200 1.910.300 - -
investments at amortized cost 32.219.500 36.239.500
- - 3.801,300 - -
11.746.700 - - -
Accrued interest receivable 15.548.000 14.873.500 115.900 - - 31.630 - - -
Accounts Recesvabie - - -
147.500 121.*00 249.300 - - - -
249.300 1.87* 500 Deposits 45.800 45.800 44.100 Fixed Assets (net of accumulated depreciation) - - -
240.602.000 4.928.300 -
32.919.000 -
278.449.300 251.969.000 Goodwill - - - - - 5.700 - - - -
5.700 11.400 Unamortized Bond issue Cost - - - - -
730.700 - - - -
730.700 790.900 Amount available in Debt Service Funds - - - - - - - - -
8.238.900 8.238.900 7.444.500 Amount to be provided for Retirement of General Long-term Debt - - - - - - - - -
50 561.100 50.561.100 51.355.500 Total Assets 5 2 008.000 $19 468,900 $ 8.238900 $21.311,100 5 2.117.200 $308.531.200 $10.702.500 548.350.300 132.919.000 558 800.000 1512.467.100 5478.708.500 LIABILITIES AND FUND EQUITf Liabehties-Accounts Payable $ 43.200 5 500.000 $ - $ 1.130.600 $ - $ 3.828.600 $ 117.500 5 50.200 $ - $ -
5 5.670.100 5 4.252.900 Contracts Payable -
80.200 - - -
2.413.300 - - - -
2.493.5G) 1.752.700 Retainage PayaDie - - -
488.700 - - - - - -
488.700 80.200 Due to Other Funds 35.600 - - - -
552.100 - - - -
587.'00 577.000 Advance from Municipahty -
General Revenue Bonds - - - - -
1.356.200 - - - -
1.356.200 1.400.200 Customer Advances for Construction - - - - -
176.000 - - - -
176.000 849.700 Utility Deposits Payable - - - - -
3.311.400 - - - -
3,311.400 3.220.600 Loan from Municipal Retirement Fund - - - - -
374.100 - - - -
374.100 397.600
Psyable from Restncted Assets.
Accrued intsrest and Commessons - - - 8000 - - - -
8.000 10.400 Payable 200,000 200.000
- - - - 200.000 - - - -
Revenue Bonds Payable -
- - - - 186.400 - - - -
186.400 1.865.300 Reta.nage & Accounts Payable -
- - - - - 114.400 - - - -
114.400 132.500 Deterred Revenue 181.915.000
- - - - 138.460.000 - - -
38.800.000 177260.000 Revenue Bonds Payable -
(1.611.500) - - - -
(1.611.500) (1.746.400)
Bond Discount
- - - 1.500.000 - - - - -
1.500.000 -
Special Assessment Notes -
Special Assessments Certificates 109.500 131.400
- - - - 109.500 - - - - --
Payable
- - - - - 3.000.000 - - - 20.000.000 23.000.000 23 000.000 Anticipation Notes Payable 1.619,300 1.609 500 152.369 000 117.500 50200 - 58 800,000 215 224 500 218 019.100 Total Liabihties. 78.800 580 200 -
Fund Equity-
- - - 43.910.500 - - - -
43.910.500 34.374.600 Contnbuted Capital - -
investment in General Fixed - - - - - - 32.919,000 -
32.919.000 21.741.200 Assets 4 Retained Earmngs-641.000 - - -
641.000 -
Reserved for Work Orders 30.000 - - -
30.000 30.000 Reserved for Law Enforcement 1.910.300 - - -
1.910.300 1.632.200 Reserved for Fleet Management - -
Reserved for Revenue Bonds 423,100 69.100 423.100 Debt Serwce
- - - - - 12.800,100 - - - -
12.800.100 12.729.700 Reserved for Revenue Bonds Reserved for Revenue Bonds 14.936.400 - - - -
14.936.400 14205.100 Construction -
1.964.900 - - - - 1.964,900 4.022.300 Reserved for Other Construction Reserved for Rt. venue Bonds 15.372.700 11.901 200 - - - -
11.901 200 Renewal and Replacement - -
70.226.000 8.003.700 - - - 78229.700 65.067.800 U1 Unreserved Fund Balances.
13.273.400 371.500 - - - - - 13,854.000 20.112.400 Reserved for Encumbrances 209.100 - -
Reserved for Law Enforcement Trust Fund - - -
100.900 - - - - - - 100.900 -
Reserved for Employee Retirement Plans - - - - - -- -
47.836.900 - - 47.836.900 40.770.600 Reserved for Community and a
Rehabihtative Trust - - - 10.300 - - - - - - 10.300 7.700 Reserved for Debt Service - -
3.963.000 - - - - - - -
3.963.000 3.053.500 1 Unreserved:
Designated for Revenue Shortfall 62.300 - - - - - - -
62.300 62.300 Designated for Debt Service - -
4.275.900 - - - - - - - 4.275.900 4.391.000 l
Undesignated 1.720.100 18.826.400 - 6.327.200 136200 - 463200 - - 27.473.100 23.047200 1 _
Total Fund Equity 1.929.200 18.888.700- 8 238,900 19.711.800 507.700 156.162.200 10.5 % .000 48.300.100 32.919.000 -
297.242.600 260.689.400 Total Liabihties and Fund Equity $ 2.008.000 $ 19.468.900 5 8238.900 5 21.331.100 $ 2.117200 5308.531 200 5 10.702.500 $ 48.350.300 $ 32.919.000 $ 58.800.000 $ 512.467.100 $ 478.708.500 The accompanying notes are an integral part of these financial statements.
CITY OF TALLAHASSEE, FLORIDA COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS For the Fiscal Year Ended September 30,1982 Fiduciary Totals Governmental Fund Types Fund Type (Memorandum Only)
Special Debt Capital Special Expendable September September General Revenue Service Projects Assessment Trust 30.1982 30,1981 Fund Balances - October 1 - $ 1,793,200 $17.513.400 $7.444.500 $23.385,000 $388.100 $149.900 $50.674,100 $28,956.300 Revenues:
Taxes 8.210,400 - - - -
48.800 8.259.200 7,369.900 Special assessments levied - - - - - - -
160.800 Licenses and permits 1,050,300 - - - - -
1.050.300 981.100 Intergovernmental revenues 5.947.100 - - 1.555,300 -
29.000 7.531.400 11,160,200 Charges for services 2,919.000 455,000 - - - 141,600 3.515,600 3,616.800 Fines and forfeits 274.200 - - - - -
274.200 249.600 Interest earned 517,400 3,937,400 285.600 3,244.800 177,500 30.800 8,193.500 3,991,700 Miscellaneous revenues 106,500 -
43.900 70,900 -
4.900 226.200 242.000 Total Revenues 19.024,900 4.392.400 329.500 4.871.000 177.500 255.100 29.050,400 27.772,100 Expenditures:
Current:
General govemment 5,711,700 500.000 - 658,600 10.500 173.400 7,054,200 12.155.300 Public safety 10.803.700 - - - - - 10.803,700 9.688,900 Highways and streets 2,202.500 - -
983.500 - -
3.186.000 2.317.400 Sanitation 3.314,400 - - - - - 3.314,400 2,920,800 Health 1,052,700 - - 7,500 - -
1.060.200 865.200 Welfare 420.300 - -
715.500 - - 1.135,800 1,309.000 Culture and recreation 3.205,200 - - - - - 3.205,200 2.489,000 Education - - -
104.100 - - 104,100 83.100 Capital outlay - 161,400 - 11,702.200 47,400 -
11.911.000 7,532.000 Debt service:
Principal retirement - - - - - - - 2,500.000 Interest and fiscal charges - -
4.195.600 - - - 4,195.600 2.649.200 Total Expenditures 26.710.500 661.400 4.195.600 14.171,400 57,900 173.400 45.970.200 48.586.600 Excess of Revenues over (under)
Expenditures (7.685.600) 3.731.000 (3.866.100) (9.300.400) 119.600 81.700 (16,919.800) (16,955.700) i Other Financing Sources (Uses):
Proceeds from sale of property - - - 150,000 - -
150.000 125.000
! Proceeds from anticipation ndes - - - - - - - 2.500,000 l G,serating transfers in 17,563.300 1.500,000 4,660.500 6,165,600 - -
29.889.400 25,697.800 Operating transfers out (9.741,700) (3.855,700) -
(688.400) - -
(14.285.800) 7.113.500 Total Other Financing Sources (Uses) 7,821,600 (2,355,700) 4.660.500 5.627,200 - - 15,753.600 21,209.300 Excess of Revenues ;
and Other Sources ;
l over (under) Expendi- 'j l
tures and Other Uses 136.000 1,375.300 794.400 (3,673.200) 119.600 81.700 (1.166.200) 4.253.600
! Fund Balances-September 30 $ 1.929.200 $18.888,700 $8,238,900 $19.711,800 $507,700 $231,600 $49,507,900 $28,956,300 i
The accompanying notes are an integral part of these financial statements.
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CITY OF TALLAHASSEE, FLORIDA COMBINED STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL GENERAL AND SPECIAL REVEN>lE FUND TYPES For the Fiscal Year Ended Septumber 30,1982 Speciai Revenue Funds General Funf _
Variance Variance Favorable Favorable Encum- Budgen.ry (Unfav- (Unfav-Actual brances Basis Badget orable) Actual Budget orable)
Revenues:
Taxes S 8.210.400 $ - $ 8.210.400 $ 7.893.300 $ 217.100 $ - $ - $ -
Licenses and permits 1,050.300 -
1.050.300 969.000 81.300 - - -
Intergovernmental revenues 5.947.100 -
5.947.100 5.972.600 (25.500) -
Charges for services 2.919.000 -
2.919.000 2.696.500 222,500 455.000 455.000 -
Fines and forfeits 274.200 - 274,200 300.000 (25.800) - - -
517.400 373.000 144.400 3.937.400 3,572.400 365.000 Interest earned 517.400 -
Miscellaneous revenues 106.500 -
106.500 100.900 5.600 - - -
19.024.900 19.024.900 18.305.300 719.600 4.392.400 4.027.400 365.000 Total Revenues -
Expenditures:
Current:
General government 5.711.700 46.200 5.757.900 6.230.300 472.400 500.000 -
(500.000)
Pubuc safety 10.803.700 (26.100) 10.777.600 10.956.700 179.100 - -
Highways and streets 2.202.500 '.101.000) 2,101,500 2.195.800 94.300 - - -
Sanitation 3.314.400 100 3.314.500 3.369.500 55.000 - - -
Health 1,052.700 (8,200) 1.044.500 989.900 (54.600) - -
Welfare 420.300 700 421.000 398.700 (22.300s -
Culture and recreation 3.205.200 41.300 3.246.500 3.121.100 (125 400) -
Capital outlay - - - - -
161.400 161.400 -
Total Expenditures 26.710.500 (47.000) 26.663.500 27.262.000 598.500 661.400 161.400 (500.000)
Excess of Revenues over (under) Expenditures (7.685.600) 47.000 (7.638.600) (8.956.700) 1.318.100 3.731.000 3.866.000 (1 3.000)
Other Financing Sources (Uses):
17.563.300 16.172.600 1.390.700 1.500.000 1,500.000 -
Operating transfers in 17.563.300 -
Operating transfers out (9.741.700) -
(9.741.700) (7.215.900) (2.525.8001 (3.855.700) (3.855,700) -
Total Other Financing Sources (Uses) 7.821.600 -
7.821.600 8.956.700 (1.135.100) (2.355.700) (2.355./00) -
Excess of Revenues and other Sources over Expenditures and Other Uses $ 136.000 $ 47.000 $ 183.000 $ - 5 183.000 $1.375.300 $1.510.300 $(135.000)
The accompanying notes are an integral part of these financial statements.
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CITY OF TALLAHASSEE, Fi.ORIDA COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS / FUND BALANCES ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS For the Fiscal Year Ended September 30,1982 Propnetary Fiduciary Totals Fund Types Fund Type (Memorandum Only)
Internal Pension Septemt)er Septemt>er Enteronse Service Trust 30.1982 30.1981 Operating Revenues:
Charges for Services $109.069.800 $12.421.600 $ - $121.491.400 $114.102.400 investment Revenue - - 4.153,100 4.153.100 3.840.700 Contnt)utions - -
5.079.900 5.079.900 4.625.300 Other ~ 80.900 9.600 90.500 M.100 Total Operating Revenues 109.069.800 12.502,500 9.242.600 130.814.900 122.652.700 Operating Espenses Fossit Fuel 47.318.800 - -
47.318.800 45.962.000 Nuclear 641.700 - -
641.700 584.300 Purchase of Power 636.100 - -
636.100 349.100 Purchase of Gas 4,480.000 - -
4.480.000 4.328.500 Production 6.046.000 - -
6.046.000 4.803.100 Transmission 503.100 - -
503.100 579.000 Distnt>ution 4.570,400 - -
4.570.400 4.202.200 Administrative 3.260.400 -
147.700 3.408.100 3.218.500 Automotive and Equipment 1.094.200 - -
1.094.200 1.395.500 Less: Applied Equipment Charges (1.333.500) - -
(1.333.500) (1.168.300)
Matenal and Supplies 507.800 164.600 -
672 400 279.400 Personal Services 2.062.700 3.617.000 -
5.679.700 4.943.400 Contractual Services 2.322.100 6.902.600 -
9.224.700 8.362.800 Customer Accounts Expense 3.180.900 - -
3.180.900 2.503.000 Benefit Payments - -
1.368.200 1.368.200 1.186.000 Refunds - -
262.200 262.200 329.200 Medical and Insurance - -
398.200 398.200 304.800 Depreciation 10.985.900 632.800 -
11.618.700 11.014.700 Amortization 195.100 - -
195.100 208.100 Other 142.700 563.500 -
706.200 _ 657.300 Total Operating Expenses 86.614.400 11.880.500 2.176.300 100.671.200 94.043.400 Operating income 22.455.400 622.000 7.066.300 30.143.700 28.609.300 Nonoperating Revenues (Expenses)-
Interest 8.559.300 311.200 -
8.870.500 7.674.600 Gain on Safe of Surplus Pr@erty 36.600 62.300 - 98,900 168.700 Recovered Costs 20.800 - -
20.800 28.400 f(1eral Grant Revenue 62.600 - -
62.600 82.700 insurance Claims 16.900 - -
16.900 -
Other Revenues 619.500 435.600 -
1.055.100 531.200 Interest and Commission Expenses (8.321.200) - -
(8.321.200) (8.457,300)
Loss on Sale of Property (15.100) - -
(15.100) (1.700)
Amortizat!on (Goodwill) (5.700) - -
(5.700) (5.700)
Other Expenses (1.900) - -
(1.900) (81,800) l Total Nonoperating Revenues (Expenses) 971.800 809.100 -
1.780.900 (60.900) l Income Before Operating Transfers 23.427,200 1.431.100 7.066.300 31.924.600 28.548.400 Operating Transfers in (Out) - Net (15.820.100) 216.500 -
(15.603.600) (14.263.200)
Net income 7,607.100 1.647.600 7.066.300 16.321.000 14.285.200 Disposition of Net income- j increase in Contnbuted Capital (650.000) - -
(650.000) (568.000) i Depreciation on Contnt>uted Assets 1.103.100 - -
1.103.100 911.500 !
Net increase in Retained Eamings/ Fund Balances 8.060.200 1.647.600 7.066.300 16.774.100 14.628.700 RJtained Earnings / Fund Balances - Octot'er 1 104.131.500 8.937.400 40.770.600 153.899.500 139.270.800 Rstained EarningsiFund Balances - Septemt>er 30 $112.251.700 $10.535.000 $47.836.900 $170.673.600 $153.899.500 The accompanying notes are an integral part of these financial statements l
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CITY OF TALLAHASSEE, FLORIDA COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS For the Fiscal Year Ended September 30,1982 Proprietary Fiduciary Totals Furd Types Fund Type (Memorandum Only)
Internal Pension September September Enteronse Service Trust 30,1982 30,1981 .
l Sources of Working Capital.
Operations: I l
Net income $ 7.607.100 $1.647.600 $7,066.300 $16.321.000 $14.285.200 Items not requinng (providing) working capital:
Depreciation 10.985.900 632,800 - 11,618,700 10.466.200 Amnrtization 200.800 - - 200.800 762.300 Wo*ing Capital Provided by Operations 18.793.800 2280.400 7.066.300 28.140.500 25.513,700 )
Increase in Customer Contracts Payable 66,200 - -
66.200 132.000 1 Decrease in Long Term Portion of Note Recervable 25.500 -
23.600 49,100 47,100 Contnbutions 9.989.000 - -
9.989.000 9.510.400 Decrease in Restricted Assets 7.113.000 - -
7.113.000 25.200 Decrease in Deposits 300 - - 300 48.600 Decrease in Other Accounts Receivable - - - -
1.912.800 Retirement of Plant in Service - 40,900 -
40.900 4.800 increase in Customer Advances for Construction 3,900 - -
3.900 33.500 increase in Deferred Revenue 11,700 - - 11,700 102.000 increase in Payab6e for Restncted Assets - - - -
1.732.600 increas , in Bonds Payable - - - -
3.000.000 Totat Sources of Working Capital 36.003.400 2.32i.300 7.069.900 45.414.600 42.062.700 Uses of Working Capital.
Acquisition of Plant and Equipment 25.662.500 1,299.600 -
26.962.100 24,379.100 increase in Restncted Assets 1.050.200 278.100 - 1,328.300 760.700 Decrease in Customer Advances for Construction 33.000 - - 33.000 33.500 Decrease in Bonds Payable 4.655.000 - - 4.655.000 4.435.000 Oscrease in Deferred Revenue 29.800 - - 29.800 -
Reduction in Advance from Municipahty 46.300 - -
46.300 66.800 Decrease in Customer Contracts Payable 41.600 - -
41.600 -
Raduction of Loan from Municipal Retirement Fund 25,500 - - 25,500 23.600 Decrease in Payable from Restncted Assets 1.681.300 - - 1.681.300 2.200 increase in Bond D:scount - - - -
25.500 Total Uses of Working Capital 33.225.200 1.577.700 -
34.802.900 29.705.600 Net increase (Decrease) in Working Capital 5 2.778.200 $ 743.600 $7.089.900 $10.611,700 $12.357.100 E'ements of Net increase (Decrease) in Working C,oitat:
Cash $ 214.400 $ (24.600) $ - $ 189.800 $ (209.700)
Equity a Pooted Ca,,h 2,592,500 851.000 (7,317,400) (3.873.900) 5.814.000 Accrued Interest Receivable 24.200 -
7.400 31.600 171.300 investments - at Cost - -
14.395.300 14.395.300 2.126.400 Accounts Receivable 512.400 (13.700) 4.600 503.300 918,100 inventory 248.800 (97.900) -
150.900 1,543.300 Due from Other Funds -
?7 700 -
37.700 (3,900)
Notes Receivable 2.000 - -
2.000 3.600 Other - - - -
3.100 Accounts Payable (120.800) (3.900) -
(129.700) 1.223.200 Custcmer Contracts Payable (692,700) - - (692,700) 683,300 Custcmer Advances for Construction M4.600 - - 644,600 (75,900)
Due to Other Funes r352,100) - - (552,100) 401,000 Utility Deposits Payable (90,800) - -
(90.800) (214.000)
Loan from Municipal Retirement Fund (2.000) - - (2,000) (1,800)
Advsnce frorn Municipality (2.300) - -
(2.300) (24.900)
Ntt incraase (Decrease) in Working Capital $ 2.778.200 $ 743.600 $7.089.900 $10.611.700 $12.357.100 The accompanying notes are an integral part of these financial statements.
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t NOTES TO FINANCIAL STATEMENTS f
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CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1982 NOTE 1 - Summary of Significant Accounting Policies The City of Tallahassee maintains its accounting records in accordance with generally accepted accounting principles applicable to governmental units. The following is a summary of the more significant principles and practices used in the preparation of these financial statements.
A. Fund Accounting The accounting records of the City are organized on the basis of funds and groups of accounts.
A fund is defined as a fiscal and operating entity, with a self-balancing set of accounts recording cash and other financial resources together with all related liabilities, residual equities, or balances and charges therein which are segregated for the purpose of carrying on the specific activities, or attaining certain objectives in accordance with special regulations, restrictions or limitations. For reporting purposes, the various funds of the City are classified into three basic fund types: governmental funds, proprietary funds and fiduciary funds.
GOVERNMENTAL FUNDS General Fund - The General Fund is the general operatin') fund of the City. It is used to account for a!I financial resources except those required to be accounted for in another fund.
Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than special assessments, eendable trusts, or major capital projects) that are legally restricted to expenditures for specified purposes.
Debt Service Funds - Debt Service Funds are used to account for the accumulation of resources for, and the payment of, general long-term debt principal. interest, and related costs.
Capital Projects Funds - Capital Projects Funds are used to account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by Proprietary Funds, Special Assessment Funds, and Trust Funds).
Special Assessment Funds - Special Assessment Funds are used to account for the financing of public improvements or services deemed to benefit the properties against which special assessments are levied.
PROPRIETARY FUNDS Enterprise Funds - Enterprise Funds are 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 revenues earned, expenses incurred, and/or net income is app.opriate for capital maintenance, public policy, management control, accountability, or other purposes.
Internal Service Funds - Internal Service Funds are used to account for the financing of goods or wrvices provided by one department or agency to other departments or agencies of the City, or to other governments, on a cost-reimbursement basis.
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CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1982 NOTE 1 - (Continued)
FIDUCIARY FUNDS Trust and Agency Funds - Trust and Agency Funds are used to account for assets held by the City in a trustee capacity or as an agent for individuals, private organizations, other governments, and/or other funds. These include Expendable Trust, Pension Trust, and Agency Funds. Pension Trust Funds are accounted for in essentially the same manner as proprietary funds since capital maintenance is critical. Expendable Trust Funds are accounted for in essentially the same manner as governmental funds. Agency Funds are custodial in nature (assets equal liabilities) and do not involve measurement of results of operations.
B. Fixed Assets and Long Term Liabilities The accounting and reporting treatment applied t.o the fixed assets and long-term liabilities associated with a fund are determined by its measurement focus. All Governmental Funds and Expendable Trust Funds are accounted for on a spending or " financial flow" measurement focus. This means that only current assets and current liabilities are generally included on their balance sheets. Their reported fund balance (net current assets) is considered a measure of "available spendable resources." Governmental fund operating statements present increases (revenue; and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of "available spendable resources" during a period.
Fixed assets used in governmental fund type operations (general fixed assets) are accounted for in the General Fixed Assets Group of Accounts, rather than in governmental funds. Public domain general fixed assets consisting of certain improvements other than buildings, including roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting systems are not capitalized. No depreciation has been provided on general fixed assets.
All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated fixed assets are valued at their estimated fair value on the date donated.
Because of their spending measurement focus, expenditure recognition for governmental fund types is limited to exclude amounts represented by non-current liabilities. Since they do not affect current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities. They are instead reported as as liabilities in the General Long-Term Debt Account Group.
The two account groups are not " funds". They are concerned with the measurement of financial position and are not involved with the measurement of results of operations.
All Proprietary Funds and Nonexpendable Trust and Pension Trust Funds are accounted for on a cost of services or " capital maintenance" measurement focus. This means that all assets and all liabilities (whether current or noncurrent) associated with their activity are included on their balance sheets. Their reported fund equity (net total assets) is segregated into contributed capital and retained earnings components. Proprietary fund type operating statements present increases (revenuos) and decreases (expenses) in net total assets.
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CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1982 NOTE 1 - (Continued)
Depreciation of all exhaustible fixed assets used by proprietary funds is charged as an expense against their operations. Accumulated depreciation is reported on proprietary fund balance sheets. Depreciation has been provided over the estimated useful lives using the straight line method, with no depreciation recorded in the year of addition and a full year's depreciation recorded in the year of retirement. The estimated useful lives are as follows:
Years Buildings 10-40 Improvements other than Buildings 10-40 Machinery and Equipment 10-65 Vehicles 5-15 The City of Tallahassee follows the Federal Energy Regulatory Commission's Uniform System of Accounting; therefore, retirements of Utility funds' plant in service are accounted for in accordance with Federal Energy Regulatory Commission regulations, whereby, when an asset is retired, the cost of the asset is charged to accumulated depreciation.
C. Basis of Accounting Basis of accounting refers to when revenues or expenses are recognized in the accounts and reported in the financial statements. Basis of accourung relates to the timing of the measurements made, regardless of the measurement focus applied.
All Governmental Funds and Expendable Trust Funds are accounted for using the modified accrual basis of accounting. Their revenues are recognized when they become measurable and available as net current assets. The following revenues are considered to be susceptible to accrual: rent revenues, cigarette tax revenue, telephone tax revenue, mobile home taxes and federal revenue sharing. Interest earned on special assessment levies and interest expense on offsetting long-term debt is not accured unless fully matured and unpaid. Property taxes are accounted for when measurable and available as prescribed in NCGA Interpretation #3.
Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred. Exceptions to this general rule include:(1) accumulated unpaid vacation and sick leave which are not accrued; and (2) principal and interest on general long-term debt which is recognized when due.
All Proprietary Funds and Pension Trust Funds are accounted for using the accrual basis of accounting. Their revenues are recognized when they are earned, and expenses when they are incurred.
Utility (Electric, Gas, Sewer, Water and Utility Taxes) operating revenues are consistently recognized on the basis of cycle billings rendered monthly. The cycle of September 28 is con-sistently selected as the cutoff for accrual purposes since the next billing occurs on October 2.
D. Budgets and Budgetary Accounting The City follows the following procedures in establishing the budgetary data reflected in the financial statements:
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CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1982 NOTE 1 - (Continued)
- 1) Prior to August 1, the City Manager submits to the City Commission a proposed operating budget f6r the fiscal year commencing the following October 1. The operating budget includes proposed expenditures and the means of financing them.
- 2) Public hearings and workshops are conouated 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 within departments; however, any revicion that alter the total expenditures of any department or fund must be approved by the City Commission.
- 5) The General Fund and Special Revenue budgets are prepared on the modi;ied accrual basis of accounting including open purchase orders and discretionary encumbrances. Actual results of operations presented in accordance with generally accepted accounting principles (GAAP) and the City's accounting policies do not recognize encumbrances (open purchase orders and discretionary encumbrances) as expenditures until the period in which the actual goods or services are received and a liability is incurred. Encumbrances reported are for budgetary control purposes only and represent commitments of the City.
The results of operations of the General Fund included in the Combined Statement - All Governmental Fund Types and Expendable Trusts is prepared on a GAAP basis as described in Note 1(C). Results of operations included in the Combined Statement - Budget and Actual -
General and Special Revenue Fund Types are prepared on a budgetary basis to conform with the principles of Statement 1. The primary difference between the two bases of accounting is I the same as the difference described above.
- 6) The City has a five year capital budget. However, budget versus actual financial statements are not presented for the Captial Projects Funds since most projects have completion cycles that span more than one year. Therefore, we are of the opinion that such statements would possibly be confusing to the users of the financial statements.
- 7) All appropriations, except for reserve for encumbrances and open work orders for construction, lapse at the end of the fiscal year.
l E. Encumbrances l Encumbrances accounting, under which purchase orders, contracts, and other commitments for the expenditures of monies are recorded to reserve that portion of the applicable appropriation, is employed as an extension of formal budgetary integration in the General Fund, Capital l Projects Funds and Special Assessment Fund. Encumbrances outstanding at year end are reported as reservations of fund balance since they do not constitute expenditures or liabilities. 1 l
F. Investments During the year ended September 30,1981, the City established a pooled investment account.
Under this program all available cash which is not legally restricted is pooled together for l investment purposes to insure the highest efficiency and return. Investments are made in various money market instruments including treasury bills, repurchase agreements, certificates of deposits, notes of federal government agencies and participation in construction loans.
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l CITY OF TALLAHASSEE, FLORIDA t NOTES TO FINANCIAL STATEMENTS September 30,1982 NOTE 1 - (Continued)
Investments are selected based upon current and anticipated liquidity requirements, yield, market diversification and anticipated market movements; however, in no event are investments purchased which have a maturity greater than two years. Earnings are distributed to the various funds on a weekly basis accoruing to their percentage of investment. At September 30,1982, the pooled investment account (" Equity in Pooled Cash") consisted of $66,738,900 of investments and $6,248,600 in cash. Investments .re the pooled cash account are stated at amortized cost plus accrued interest, which approximates market. Investments not included in the pooled cash account are stated at amortized ccst, which approximates market.
G. Bond Discounts end issuance Costs Bond discounts and issuance costs are deferred and amortized over the term of the bonds using the bond outstanding method which approximates the interest method. Bond discounts are pre-sented on the financial statements as such and issuance costs are preserited as other assets.
H. Inventory Fuel inventory in the Electric and Tallahassee Tr9nsit Funds are stated at lower of cost or l market based upon a moving average cost. Fuel inventory :q the Gas and Airport Funds are stated at lower el cost or market utilizing the first-in, first-out (FIFO) method. Mat. al inventory in the Tallahassee Transit Fund, consisting of maintenance parts and tires, are stated at lower of cost or market utilizing the first-in, f rst-out (FIFO) method. Inventories held in the Internal Service Funds consist of general office supplies, maintnnance parts, tires and fuel held for consumption are stated at weighted acerage cost. Appropriate allowances have been recorded for obsolete items. Perpetual inventory records are maintained for all Jignificant inventories.
None of the Governmental Funds maintain inventories since such are accounted for in the Internal Service Funds.
- l. Total Columns cn Combined Statement - Overview Total columns on the Combined Statements - Overview are captioned Memorandum Only to indicate that they are presented caly to facilitate financial analysis. Data in these columns do not present financial position, results of operations, or changes in financial position in conformity with generally accepted accounting principles. Neither is such data con. parable to a consolidation. Interfund eliminations hafo not been made in the aggregation of this data.
f J. Account Classification of Enterp ise Funds Classification of the Electric and Gas systems expenses are accounted for and presented in accordance with the Uniform Chart of Accounts as promulgated by the Federal Energy Regulatory Commission. Classification of the Water and Sewer Systems expenses are accounted for and presented in accordance with the Uniform System of Accounts for Class A and B Water Utilities as promulgated by the National Association of Reguhtory Utility Commissioners.
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CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1982 NOTE 1 - (Continued)
K. Water and Sewer impact Fees Water and sewer impact fees are accounted for in the Water and Sewer Line Extension and Depreciation Fund. This fund is accounted for as a Special Revenue Fund since once the money is received it loses its identity as to either water or sewer revenue and the money is legally restricted to expenditures for cpecial purposes.
The money is utilized only upon approval of the City Commission and its primary use is for exten-sions, expansions, improvements and renewals and replacements of the City's water and sewer systems. Part or all of the money can be used for either the water and sewer funds; upon budgeting by the Commission, moneys are transferred into such funds. An allocation of this money to the water and sewer funds can not be detcrmined prior to the budgeting process and any arbitrary allocation would be misleading.
NOTE 2 - Property Taxes Under Flonda law, the assessment of all properties and the co!!cotion of a!! county, m-unicipal and school board property taxes are consolidated in the offices of the County Property Appraiser and County Tax Collector. The laws of the State regulating tax assessment are also designed to assure a consistent property vsluation method statewide. State statutes permit municipalities to levy property taxes at a rate of up to 10 mills. The current millage rate assessed by the City is 2.612.
The tax levy of the City is established by the City Commission prior to October 1 of each year and the Leon County Property Appraiser incorporates the City millages into the total tax levy, which includes Leon County and Leon County School Board tax requirements.
All property is reassessed according to its fair market value January 1 of each year. Each assessment roll is submitted to the Executive Director of the State Department of Revenue for j Review to dete mine if the rolls meet all of the appropriate requirements of State statutes.
I All taxes are due and payable on November 1 of each year or as soon thereafter as the assess-ment roll is certified and delivered to the Tax Collector. All unpaid taxes become delinquent on April 1 fol!owing the year in which they are assessed. Discounts are allowed for early payment at the rate of 4% in the month of November,3% in the month of December,2% in the month of 1 January and 1% in the month of February. The taxes paid in March are without discount.
Delinquent taxes on real property bear interest of 18% per year. On or prior to June 1 following the tax year, certificates are sold for all delinquent taxes on real property. After sale, tax certificates bear interest of 18% per year or at any lower rate bid by the buyer. Application for a tax deed on any unredeemed tax certificates may be made by the certificate holder after a period of two years.
Delinquent taxes on personal property bear interest of 18% per year until the tax is satisfied !
either by seizure and sale of the property or by the five year statute of limitations.
Since the Leon County Tax Collector's Office acts quickly in selling tax certificates and in remitting such collections to the City, no delinquent nor uncollected property taxes exist at year end.
NOTE 3 - Reclassification of Accounts Certain prior year account balances have been reclassified to be comparable with the current year. !
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CITY OF TALLAHASSEE, FLORIDA ,
NOTES TO FINANCIAL STATEMENTS l September 30,1982 NOTE 4 - Changes in General Fixed Assets During the fiscal year ended September 30,1982, the following changes in geaeral fixed assets occurred:
Balance Balance October 1, September 30, 1981 Additions Deletions 1982 Cost l Land $ 3,129,400 $ 920,100 $ 12,800 $ 4,036,700 Buildings 6,448,800 1,469,200 30,000 7,888,000 Improvements other than buildings 3,658,600 931,000 - 4,589,600 Equipment 4,618,600 2,010,800 1,035,700 5,593,700 Construction in Progress 3,885,800 6,925,200 - 10,811,000
$21,741,200 $12,256,300 $1,078,500 $32,919,000 investment in General Fixed Assets Capital Projects Funds $13,984,800 $10,682,100 $ 559,400 $24,107,500 General Fund Revenues 7,442,200 1,432,200 516,000 8,358,400 Gifts 314,200 142,000 3,100 453,100
$21,741,200 $12,256,300 $1,078,500 $32,919,000 A summary of proprietary fund type fixed assets at September 30,1982 follows:
Enterprise Internal Service d
intangible Assets $ 777,20r 3 _
Land 4,433,600 44,400 Structures and improvements 35,960,800 532,600 Equipment 255,921,200 693,700 Vehicles 4,501,400 7,713,500 Construction in Progress 20,818,300 -
Total 322,412,500 8,984,200 l 4,055,900 Less: Accumulated Depreciation 81,810,500 Net $240,602,000 $4,928.300 17
_ , _ _ _ _ . -,_ - -. _ . _ ._ - . _ . _ . ~ . . . . - . - _ _ - . _ _ _ _ _ . . _ _ . _ _ . - _ _ _ _ - - - _
CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1982 NOTE 5 - Financial Segment information of Enterprise Funds The City maintains six Enterprise Funds which provide electric, gas, sewer, water, airport and mass transportation services. Segment information for the year ended September 30,1982 was as follows:
Tallahassee Total Electric Gas Sewer Water Airport Transit Enterprise Fund Fund Fund Fund Fund Fund Funds Operating Revenues $ 87,798,300 $ 6.699,700 $ 6.631,400 $ 4,039,900 $ 3,216,000 $ 684,500 $109.069,800 Depreciation and Amortization Expense $ 8,410.600 $ 200,800 $ 1,391,200 $ 377,800 $ 585,900 $ 220,400 $ 11.186,700 Operating income or (Loss) $ 21,554,200 $ 1,115.400 $ 765,100 $ 934,900 $ (150,10s.1) $ (1,764,100) $ 22.455,400 Operating Transfers:
In $ -
$ 608,000 $ 495.300 $ 35,800 $ 650,000 $ 1,789.100 Out $ 16,503,400 $ 633,800 $ 13,600 $ 301,700 $ 156,700 $ - $ 17,609.200 Net income or (Loss) $ 4,1;s9,500 $ 714,100 $ 2,201,400 $ 1,680,500 $ (77,400) $ (1 W 1,000) $ 7,607,100 Current Capital:
Contributions $ -
5 -
$ 8,094,100 $ -
$ 166.900 5 1,728,000 $ 9.989,000 Restricted Assets $ 27,547,500 $ 1,031,800 $ 8,804,500 $ 4,140,300 $ 812,700 $ - $ 42,336,800 Property, Plant and Equipment:
Additions $ 9,062.000 $ 453,000 $ 12,644.800 $ 2,318.30_0 $ 332,800 ,$ 870.200 $ 25,681.100 Deletions $ 6,000 $
20_0 $ 300 $ -
$ 15,100 $ -
$ 21,600 Net Working Capital $ 13,140,000 $ 405.800 $ 61,600 $ 309.000 814,500 $ 670,700 $ 15,401,600 Total Assets $195,220,200 $ 6,471,800 $ 66,544,900 $ 20,887,000 $ 14,791,100 $ 4.616.200 $308,531,200 1
1 Bonds and Other Long-term Liabilities:
Payable from Operating I Revenues $120,000,000 $ 512,500 $ 15,610,500 $ 5.537,000 $ 1,730,300 $ - $143,390,300 Total Fund Equity $ 69,893.500 $ 5,473,000 $ 49.255.200 $ 14.524.800 $ 13,007,500 $ 4,008.200 $156,162,200 J
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CITY OF TALLAHASSEE, FLORIDA i
NOTES TO FINANCIAL STATEMENTS l September 30,1982 l i I l NOTE 6 - Changes in Reserved Retained Earnings - Enterprise Funds i The following changes occurred in reserved retained earnings of the various enterprise funds during '
l tha year ended September 30, 1982- l Total ;
Enterprise ,
Funds (Merno- !
j Electric Gas Sewer Water Airport randum OnN)
! R* served Retained Earnings ,
- - October 1,1981 Reserved for !
Revenue Bonds Debt Service 5 - S 9.800 $ 50.700 $ 8.600 $ - $ 69,100 l Revenue Bonds Reserve 10.800.400 130.500 1,336.100 462,700 - t ',729,700 !
l Revenue Bonde Renewal and Replacement 13.753.200 574,700 .689.100 355.700 - 15,372,700 l Revenue Bonds Construction 2,996,800 - 7,629.100 3.579.200 - 14.205,100
) Other 3,722.300 -
300.000 - -
4.022.300 i
j Total Reserved Retained j Earnings - l October 1,1981 31.272.700 715,000 10.005,000 4,406.200 -
46.398.900 ;
Add income Earned on Restricted Assets 708.700 152,600 1.644.000 745.800 114.700 3.365,800 !
- Transfers from Other Funds - -
114.000 495.300 -
609.300 [
Debt Service Fundi >J 11.4i8,300 96.400 1,100.200 427.700 - 13.042,600
) Renewal and Replacement Funding 6,100,000 570.000 735.000 391000 - 7,800.000 increase in Other Reserve 226.000 1.278.900 1,504,900 f
Miscellaneous Revenue 771.900 - - - -
771.900 I '
- Deduct '
! Payment of Bond Principal (4.005,000) (103.000) (385,500) (161,500) -
(4.655.000)
Transfer to Other Funds (2.400) - - -
(83.800) (86,200)
Interest and Fiscal Charges (7,029.600) (22,000) (917,200) (321,400) -
(8290.200) [
Transfer of Fixed Assets and Expenses (11.982,800) (455.600) (3,584,600) (1,916.200) (497,100) (18,436.300)
N t increase (Decrease)in Reserved Retained Earnings (3.794.900) 238.400 (1.294.100) (335.300) 812.700 (4,373.200) ,
$27.477.800 $953.400 $8,710,900 $4.070.900 $812.700 $42.025,700 Reserved Retained Earnings - i September 30.1982 Reserved for Revenue Bonds Cebt Service $ 383.700 $ 11,900 $ 17,300 $ 10.200 $ - $ 423,100 Revenue Bonds Reserve 10.800,400 132.600 1,384,100 483,000 - 12,800,100
[ Revenue Bonds Renewal and Replacement 10.023.400 808.900 1.026.800 42.100 - 11,901,200 Revenue Bonds Construction 5,798,200 -
5.602.600 3.535.600 - 14,936,400 Other 472,100 - 680,100 - 812,700 1,964,900 Total Reserved Retained Earnings
- September 30,1982 $27,477,800 $953,400 $8,710,900 $4,070.900 $ 812,700 $42.025.700 ;
i I I
! 19 1 l
i - - - - _ _ - _ _. _ _ _
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CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL. STATEMENTS September 30,1982 NOTE 7 - Changes in Long term Debt The following is a summary of bond and note transactions of the City for the year ended September 30, 1982:
Revenue Special General Proprietary Assessment _ otal T
Bonds and notes payable -
October 1,1981 $58,800,000 $146,315,000 $ -
$205,115,000 New Issues:
Special Assessment notes - -
1,500,000 1,500,000 Retired - (4,655,000) -
(4,655,000)
Bonds and notes payable -
September 30,1982 $58,800,000 $141,660,000 $1,500,000 $201,960,000 Bonds and notes payable at September 30,1982 are comprised of the .following individual issues:
General revenue bonds and notes:
$38,800,000 Capital Bonds - Series 1978, due in se,mi-annual installments of $555,000 to $1,555,000 from November 15,1993 to May 15,2002 with a term payrnent of $17,575,000 due November 15, 2007, interest a: C.4%. In addition, the City is required to make sinking fund investment porchases of $258,400 to $907,100 through May 15,1993 in order to provide for the term payment due November "?,2007. $ 38,800,000
$20,000,000 Capital Bonds - Series 1981 Anticipation Notes due April 1, 1983, interest at 8.75%. 20,000,000 58,800,000 Proprietary revenue bonds and notes:
$134,245,000 Electric Revenue Bonds - Series 1977, due in annual installments of $2,190,000 to $6,565,000 through October 1,2006, interest at 5.85%. 117,000,000
$3,000,000 Electric Revenue Bonds - Series 1981 Anticipation Notes due April 1,1983, interest at 8.75%. 3,000,000
$2,000,000 Water and Sewer Revenue Bonds - Series 1964, due in annual installments of $100,000 to May 1,1987, interest at 4.5%. 500,000 ;
$1,000,000 Municipal Gas Revenue Bonds - Series A, due in annual installments of $50,000 to $55,000 through January 1,1985, interest at 3.25% . 160,000
$500,000 Municipal Gas Revenue Bonds - Series B, due in annual installments of $25,000 through January 1,1986, interest at 3.75%. 100,000 20
CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1982 NOTE 7 - (Continued)
$500,000 Municipal Gas Revenue Bonds - Series C, due in annual installments of $25,000 through January 1,1987, interest at 3.60%. 125,000
$7,300,000 Municipal Utility Revenue Bonds - Series 1970, due in annual installments of $50,000 to $700,000 through October 1,1096, interest at 5.9 % . 6,375,000
$3,150,000 Municipal Utility Revenue Bonds - Series 1970A, due in annual installments of $50,000 to $300,000 through October 1, 2001, Interest at 5.5%. 2,750,000 l
$12,000,000 Municipal Utility Revenue Bonds - Series 1979, due in annual installments of $175,000 to $1,785,000 through October 1,1981, interest at 5.9%. 11,650,000 141,660,000 Special Assessment Notes:
$1,500,000 Special Assessment Notes, initial maturity February 14,1983 with an automatic roll over provision, interest at September 30, 1982, 8.75%. 1,500,000 Total Bonds and Notes Payable - September 30,1982 $201,960,000 <
There are a number of limitations and restrictions in the various bond indentures. The City is in compliance with all significant limitations and restrictions.
1
(
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CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1982 NOTE 7 - (Continued)
Schedule of Principal Requirements Year Ending Revenue Special September 30 General Proprietary Assessment Total 1983 $20,000,000 $ 7,890,000 $1,500,000 $ 29,390,000 1984 - 5,115,000 - 5,115,000 1985 - 5,355,000 - 5,355,000 1986 - 5,605,000 - 5,605,000 1987 - 5,090,000 - 5,090,000 1988 - 5,350,000 - 5,350,000 1989 - 5,645,000 - 5,645,000 1990 - 5,935,000 - 5,935,000 1991 - 6,265,000 - 6,265,000 1992 - 6,620,000 - 6,620,000 1993 - 6,995,000 - 6,995,000 1994 2,055,000 7,400,000 - 9,455,000 1995 2,085,000 7,870,000 - 9,955,000 1996 2,290,000 4,820,000 - 7,110,000 1997 2,440,000 4,965,000 - 7,405,000 1998 2,605,000 5,330,000 - 7,935,000 1999 2,765,000 5,650,000 - 8,415,000 2000 2,965,000 5,995,000 - 8,960,000 2001 2,110,000 6,355,000 - 8,465,000 2002 1,910,000 4,850,000 - 6,760,000 2003 - 5,150,000 - 5,150,000 2004 - 5,460,000 - 5,460,000 2005 - 5,795,000 - 5,795,000 2006 - 6,155,000 - 6,155,000 2007 - - - -
2008 17,575,000 - - 17,575,000
$58,800,000 $141,660,000 $1,500,000 $201,960,000 t
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l j CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1982
\ NOTE 7 - (Continued) (
l Schedule of Debt Service Requirements l l Year Ending Revenue Special 3
September 30 General Proprietary Assessment Total l
) 1983 $ 23,316,800 $ 15,841,500 $1,589,300 $ 40,747,600 1984 2,441,800 12,711,60~) - 15,153,400 1985 2,441,800 12,710,400 - 15,152,200 1 1986 2,441 300 12,701,400 - 15,143,200
! 1987 2,441,8CG 11,911,400 - 14,353,200 f f 1988 2,441,800 11,916,400 - 14,358,200 ;
1989 2,441,800 11,928,900 -
14,370,700 ;
l 1990 2,441,800 11,915,900 - 14,357,700 l l 1991 2,441,800 11,922,600 - 14,364,400 j 1992 2,441,800 11,930,600 - 14,372,400 l 1
1993 2,441,800 11,932,500 -
14,374,300 l
1994 4,467,900 11,931,300 - 16,399,200 1995 4,377,300 11,969,600 - 16,346,900 j 12,915,700 j 1996 4,453,800 8,461,900 -
1997 4,462,300 8,339,200 - 12,801,500 1998 4,474,200 8,415,500 - 12,889,700
- 1999 4,468,200 8,413,400 - 12,881,600
- 2000 4,489,900 8,416,900 - 12,906,800 2001 3,442,400 8,412,800 - 11,855,200 2002 3,138,600 6,522,000 - 9,660,600 2003 1,124,800 6,526,200 - 7,651,000 -
2004 1,124,800 6,522,000 - 7,646,800 2005 1,124,800 6,523,900 - 7,648,700 2006 1,124,800 6,530,400 - 7,655,200 2007 1,124,800 - -
1,124,800 '
2008 18,137,400 - - 18,137,400
$109,270,800 $244,408,300 $1,589,300 $355,268,400 ,
h 4
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CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1982 NOTE 8 - Other Required Individual Fund Disclosures Generally accepted accounting principles require disclosure as part of the Combined Statements - Overview, of certain information concerning individual funds including:
A) Segment information for certain individual Enterprise Funds. This requirement is met by note 5.
- 8) Summary disclosures of debt service requirements to maturity for all types of outstanding debt. This requirement is met by note 7.
C) Summary disclosures of changes in general fixed assets by major asset class. This requi,rement is met by note 4.
D) Summary disclosures of changes in general long-term debt. This requirement is met by note 7.
E) Deficit fund equity balances of individual funds. There are no individual funds with a deficit fund equity at September 30,1982.
F) Individual fund interfund receivable and payable balances. Such balances at September 30, 1982 were:
Interfund Interfund Fund Receivables Payables General $550,000 $ 35,600 Reading, Billing and Collection 37,700 -
~
Airport -
800 Tallahassee Transit - 551,300
$587,700 $587.700 G) Excess of expenditures over appropriations in individual funds. When contingent liabilities are included in the financial statements as required by Financial Accounting Standards Board Statement #5, Deficiencies and Emergencies Fund expenditures exceeded appropriations by $500,000. This was due to the settlement of a law suit against the City after the end of the fiscal year. The City Commission has budgeted for this expenditure in fiscal year ended 0.ptember 30,1983 (see Note 11C).
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i CITY OF TALLAHASSEE, FLORIDA l NOTES TO FINANCIAL STATEMENTS l September 30,1982 1
NOTE 9 - Retirement Commitments The City maintains five separate single employer pension plans for firemen, police officers and substantially all other full-time employees. All plans are contributory with the employee !
} contribution ranging from 5% to 7% of gross salary. Employee contributions are 100%
l refundable if the employee elects to terminate his vesting rights or is not vested at the date of )
- ^ employment termination. !
i As of October 1,1981 (date of the most recent actuarial valuation), selected actuarial data for !
each of the plans is as follows:
I City Municipal Police ;
Employees Employees Firemen's Officers' Policemen's !
i Pension Retirement Pension Retirement Pension l Fund Fund Fur'd Fund Fund l l
1 Unfunded Past Service l Cost $15.089,100 $ 907,400 $4,387,900 $3,783,000 $ (24,800) !
Recommended City Contributions l
, Amounts $ 1,522.400 $1,131,900 $ 319,700 $ 324,000 None i l
l As a Percent
! of Payroll 20.20 % 8.74 % 13.08 % 9.46 % -
I l
Net Assets Available l l for Benefits $17,602,900 $10,933,800 $6,585,100 $5,429,800 $214,000 l
Actuarial Present Value j of Accumulated Plan l Benefits:
Vested $19,800,400 $ 7,148,600 $7,759,200 $J,065,500 $189,200 '
[ Nonvested 3,652,500 -280,500 1,275,400 1,218,600 -
! $23.452,900 $ 7,429.100 $9,034,600 $6.284,100 $189,200 1
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- CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS g September 30,1982 NOTE 9 - (Continued)
! Pension expense of _the respective City funds for the year ended September 30,1982 are as
.foljows:
)
General Fund Firemen $ 295,900 I
{
i Police 365,709 Other City Employees 836.900
~> $1,498,500
/ Electric Fund $ 533,300
/
Gas Fund S 55,200 f
Water Fund $ 85.100
} , Sewer Fund $ 182,800 Airport Fund $ 65.300 f ,
Tallahassee Transit Fund $ 103.300 l
}
Warehouse Fund $ 8,300 l Data Processing Fund $ 54,900 j l Reading, Billing, and Collection Fund $ 92,200 Garage Fund $ 66,500 l
- Accounting Fund $ 63,800 Purchasing Fund $ 13,400 Human Resources Fund S 37,600 Pension Administration Fund $ 4,200 Pension exoens[ is determined based upon an actuarial valuation using the entry age normal i method. This v'aluatlan is performed annually. The actuarial valuation is performed at the !
beginning of the preceding fiscal year for the five plans and is used to determine the pension funding required during the next budget year Pension expense includes normal cost and !
amcrtization of past service cost over a 30-year period. The City's policy is to fund pension l expense as det' ermined by the actuarial valuation. The rate of return used in determining the actuarial present value of accumulated plan benefits was 7%
f Administrative expenses are paid from the earnings of the respective pension fund assets and j are accounted for in the Pension Administration Fund.
NOTE 10 - Receipts from Tallahassee Regional Memorial Medical Center, Inc. ,
Tallahassee Regional Memorial Medical Center, Inc., a not-for-profit corporation, pays the City of ;
Tallahassee as rent each year an amount equal to the entire debt service (including principal l l
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CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL, STATEMENTS s
September 30,1982 .
- 1 NOTE 10 - (Continued)-
and interest) necessary to retire all bonds or certificates, or the pro rata share thereof, issued by the City of Tcilahassee for enlargement or extension of its municipal hospitLI, to acquire ]
furnishings or equipment or to purchase any sites therefore. Payments are made in monthly l installments and will continue until the bond indebtedness has been retired or refunded. j The following is a schedule by years of the payments to be received as of September 30,1982:
Year Ending September 30: ;
1983 $ 1,570,300 1984 1,579,900 l; 1985 1,580,800 1986 1,582,900 1987 1,580,400 Later Years 22,047,400 Total Payments Required $29,941,700 NOTE 11 - Commitments and Contingencies A) Accumulated Vacation and Sick Leave All full-time employees earn vacation and sick leave starting with the first day of employment; all part-time employees earn vacation and sick leave in proportion to the number of hours in their normal work day.
Vacation leave is earned based on years of continuous and creditable service as follows:
Years of Service Total Days Per Year Up to 5 12 5 to 10 15 10 to 20 18 Over 20 21 l
A maximum of 30 days vacation leave time may be carried over from one fiscal year to the next.
An employee who terminates employment with the City is paid for any unused vacation leave
- accumul'a ted to the time of termination.
i Sick leave is earned at the rate of eight hours for each month of service with no maximum limit f on the number of hours which may be accumulated. An employee who terminates from the City k
for any reason other than retirement (as defined by the provisions of the appropriate City i Pension Plan) or death, does not receive payment for unused sick leave. If the employee retires or dies, the employee (or his beneficiary or estate)is paid one quarter of the total amount of sick leave accumulated by him or her on the effective date of his or her retirement.
As of September 30,1982 the City is contingently liable for approximately $1,797,100 of annual vacation leave earned but not taken and $6,630,700 of sick leave earned but not taken.
27 i
CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS
. September 30,1982 NOTE 11 - (Continued)
B) Outstanding Contracts At September 30,1982, the City had an unpaid balance of $12,179,000 on various contracts for construction and other projects.
C) Litigation
- 1) On March 9,1977, the City was named as defendant in a lawsuit alleging sexual discrimination in the hiring practices of the City's Police Department. The Court subsequently granted summary judgement to the plaintiffs. On August 10,1982, the City Commission voted to settle with the plaintiffs awarding $500,000 in back pay. On September 29,1982, the Court approved the City's settlement offer. The payoff to the plaintiffs will occur during the year ended Septemb'er 30,1983. The $500,000 liability has been recorded against operations of the Defiencies and Emergencies Fund (Special Revenue Fund Type) as of the year ended Septemt>er 30,1982.
- 2) The City has been named as defendant in a lawsuit relating to their providing of water and sewer services in Leon County, Florida. The Plaintiffs initiated the suit against the City alleging violations of Sections 1 and 2 of the Sherman Act and Sections 542.18 and 542.19, Florida Statutes. Plaintiffs allege that the City has violated the aforementioned statutes by monopolizing or alternatively attempting to monopolize the providing of water and sewer services within Leon County, Florida; by dividing utility service territories with horizontal competitors; and by imposing a tying arrangement on customers purchasing sewer services from the City. The Plaintiffs seek damages in excess of $5 million dollars. Any award to the Plantiffs would be subject to treble damages.
Since the filing of the complaint, the parties have been engaged in discovery. In July,1982, the Court heard oral arguments on a motion the City filed for a summary judgment in its favor. The Court has not yet ruled on the judgment and discovery has been stayed. Although counsel for the City believe the City has meritorious defenses to the Plaintiffs' claims, they are unable to express an opinion as to whether an unfavorable outcome to the City is either remote or probable. They are also unable to provide an accurate estimate of the amount or range of potential loss; however an unfavorable decision could have an adverse impact on the financial position of the City.
- 3) The City is also involved in other pending lawsuits. The City Attorney estimates that the l potential claims against the City not covered by insurance resulting from such litigation would I not materially affect the financial position of the City. j l
D) Federal Grants The City participates in a number of federally assisted programs, principal of which are the Environmental Protection Agency 201, General Revenue Sharing, Urban Mass Transportation Authority, Community Development Block Grant and the Federal Aviation Authority programs.
These programs are subject to program compliance audits by the grantees under Office of {
}
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- CITY OF TALLAHASSEE, FLORIDA ,
I NOTES TO FINANCIAL STATEMENTS September 30,1982 NOTE 11 - (Continued)
Management and Budget Circular A-102, Attachment P. The audits of these programs for or including the year ended September 30,1982 will be issued under separate report. The amount, if any, of expenditures which may be disallowed by the granting agencies is immaterial to the City's Combined Financial Statements.
NOTE 12 - Subsequent Events On November 4,1982, the City sold $6,000,000 of Municipal Utility Revenue Bonds - Series 1982 and $21,000,000 of Electric Revenue Bonds - Series 1982. Simultaneous with the sale of the Electric Revenue Bonds, the City escrowed an amount sufficient to pay the debt service on the $3,000,000 Electric Revenue Bonds - Series 1981 Anticipation Notes when they become due on April 1,1983.
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COMBINING STATEMENTS f AND SCHEDULES -
l BY FUND TYPE j l
These financial statements provide a more detailed view of the
" General Purpose Financial Statements" presented in the pre-ceding subsection.
1 Combining statements are presented when there are more than one fund of a given fund type.
Individual statements for the Debt Service and Special Assessment Funds and the General Long-term Debt Account Group have not been presented since each of these Individual Funds and Account Groups have been presented in their entirety in the General Pur-pose Financial Statement Section and therefore presentation in this j section would be redundant. j i
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GENERAL FUND 4
i i
The General Fund accounts for all financial resources not prop-erly accounted for in another fund. Revenues and expenditures of the Federal Revenue Sharing Program are accounted for in this fund.
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CITY OF TALLAHASSEE, FLORIDA GENERAL FUND BALANCE SHEET September 30,1982 September 30,1982 ASSETS Equity in Pooled Cash $ 507,400 Petty Cash 35,600 Receivables:
Customers 475,100 Other 477,200 l Less: Allowance for Doubtful Accounts (37,300)
Due from Other Funds 550,000 Total Assets $2,008,000 LIABILITIES AND FUND BALANCE Liabilities Accounts Payable $ 43,200 Due to Other Funds 35,600
, Total Liabilities 78,800 l
l Fund Balance l Reserve for Encumbrances 209,100 Undesignated 1,720,100 Total Fund Balance 1,929,200 Total Liabilities and Fund Balance $2,008,000 l
f 31
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< CITY OF TALLAHASSEE, FLORIDA GENERAL FUND SCHEDULE OF REVENUE BY SOURCE: BUDGET AND ACTUAL
! For the Fiscal Year Ended September 30,1982 l
Variance Favorable Budget Actual (Unfavorable)
Revenues:
Taxes:
Property Taxes $3,520,000 $3,458,200 $ (61,800)
Additional Homestead Exemption 65,000 30,400 (34,600) l Telephone Taxes 890,000 902,300 12,300 10% Utility Tax 3,093,300 3,499,200 405,900 Cigarette Tax 325,000 320,300 (4,700)
Total Taxes 7,893,300 8,210,400 317,100 Licenses and Permits:
Occupational License 360,000 323,100 (36,900)
Building Permits 175,000 214,000 39,000 City Share - County Occupational License 100,000 71,200 (28,800)
Telephone Franchise 135,000 204,700 69,700 Parking Meter Receipts 68,000 65,100 (2,900)
Mobile Home License 11,000 18,200 7,200 Beverage Licenses 60,000 60,600 600 Cable T.V. Franchise 60,000 93,400 33,400 Total Licenses and Permits 969,000 1,050,300 81,300 Intergovernmental Revenues:
Recovered costs from cost allocation plan - 3,300 3,300 State of Florida Revenue Sharing 2,655,000 2,842,200 187,200 l Recovered costs from Federal Government 769,900 452,600 (317,300)
Federal Revenue Sharing 705,800 705,800 -
Leon County Funding of Planning Department 266,000 305,600 39,600 j Tallahassee Regional Memorial Medical Center 1,575,900 1,575,900 -
Recovered costs from other local grants -
61,700 61,700 Total Intergovernmental Revenues 5,972,600 5,947,100 (25,500) ;
Charges for Services: }
Swimming Pool Revenue 45,000 47,600 2,600 Recreation Fees 330,500 342,600 12,100 ,
Police Protection 20,000 20,000 -
l Traffic Signal Control 10,000 5,700 (4,300) i Garbage Fees 2,220,000 2,254,600 34,600 Cemetery Fees 25,000 28,300 3,300 Planning Fees 10,000 13,900 3,900 Hilaman Park Fees - 96,100 96,100 (Continued on Next Page) 32
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CITY OF TALLAHASSEE, FLORIDA
! GENERAL FUND l SCHEDULE OF REVENUE BY SOURCE: BUDGET AND ACTUAL For the Fiscal Year Ended September 30,1982 l
j (Continued) l i
Variance I Favorable Budget Actual (Unfavorable) f
- Charges for Services
- (Continued)
! Property and Maintenance $ 8,000 $ 10,300 $ 2,300 Other Revenue 28,000 99,900 71,900 Total Charges for Services 2,696,500 2,919,000 222,500 1
i Fines and Forfeits Animal Shelter Fines 60,000 59,000 (1,000) i Court Fines 90,000 55,300 (34,700)
Parking Violations 150,000 159,900 9,900 j
t Total Fines and Forfeits 300,000 274,200 (25,800)
Interest 373,000 517,400 144,400 i
j Miscellaneous revenues Lease of Land 900 900 -
4 Rent of Buildings 53,500 28,200 (25,300)
Sale of Cemetery Lots 45,000 62,800 17,800 Rental of Equipment 1,500 1,000 (500)
Sale of Scrap and Surplus Equipment - 6,800 6,800 Applied Expense - 6,800 6,800 Total Miscellaneous Revenue 100,900 106,500 5,600 Total Revenues $18,305,300 $19,024,900 $719,600 i
1 33 L _ _ _ _ _ _ _ . . . _ _ _ _ . _ _ _ _ _
l CITY OF TALLAHASSEE, FLORIDA GENERAL FUND SCHEDULE OF EXPENDITURES - BY DEPARTMENT - APPROPRIATED AND ACTUAL For the Fiscal Year Ended September 30,1982 Variance Encum- Budgetary Favorable Actual brances Basis Budget (Unfavorable)
Expenditures:
Current:
General Government:
Internal Audit $ 112,000 $ - $ 112,000 $ 119,500 $ 7,500 City Manager 456,100 5,300 461,400 474,300 12,900 City Commission 95,600 -
95,600 102,900 7,300 Auditor Clerk-Executive 152,900 (1,900) 151 000 126,600 (24.400)
Legal 368,100 25,000 393,100 275,000 (118,100)
Special Appropriations 933,800 (200) 933,600 1,181,400 247,800 Management and Budget 284,500 500 285,000 303,600 18,600 Auditor Clerk-Treasury 245,100 100 245,200 250,100 4,900 Engineering 501,900 13,300 515,200 550,200 35,000 Community Development 250,800 -
250,800 518,500 267,700 Planning 839,200 - 839,200 910,700 71,500 Public Re!ations 232,300 700 233,000 227,200 (5,800)
Maintenance 132,900 400 133,300 111,100 (22,200)
Administration 957,800 2,900 960,700 924,400 (36,300)
Record Retention 148,700 100 148,800 154,800 6.000 Total General Government 5,711,700 46,200 5,757,900 6,230,300 472,400 Public Safety:
Building Inspection 346,400 (200) 346,200 344,800 (1,400)
Commuencation 163,800 9,600 173,400 159,400 (14,000)
Street Lighting 535,200 -
535,200 492,600 (42,600)
Traffic Engineering 348,300 300 348,600 307,600 (41,000)
Fire Department 3,325,400 (44,000) 3,281,400 3,356,000 74.600 l Police Department 6,084,600 8,200 6,092,800 6,296,300 203,500 Total Public Safety 10,803.700 (26,100) 10,777,600 10.956,700 179,100 Highways and Streets:
Street Sweeping 318,000 (105,000) 213,000 178,500 (34,500)
Street Maintenance 1,053,100 4,700 1,057,800 1,139,700 81,900 Traffic Engineering 610,900 (500) 610,400 579,200 (31,200)
Construction 220,500 (200) 220,300 298,400 78.100 Total Highways and Streets 2,202,500 (101,000) 2,101,500 2,195,800 94,300 Sanitation:
l Solid Warte Collection 2,964,000 -
2,964,000 3,049,100 85,100 l l
Sa' miry Land Fill 350,400 100 350,500 320,400 (30.100)
Total Sanitation 3,314,400 100 3,314,500 3,369,500 55,000 Health:
Cemeteries 1,052,700 (8.200) 1,044,500 989.900 (54,600)
(Continued on Next Page) 34
CITY OF TALLAHASSEE, FLORIDA GENERAL FUND SCHEDULE OF EXPENDITURES - BY DEPARTMENT - APPROPRIATED AND ACTUAL For the Fiscal Year Ended September 30,1982 (Continued)
Variance Encum- Budgetary Favorable Actual brances Basis Budget (Unfavorable)
Welfare:
Codo Enforcement $ 134,300 $ 500 $ 134,800 $ 139,200 $ 4,400 Lincoin Neighborhood Cer,ler 108,900 (200) 108,700 96,700 (12,000)
Administrative 123,500 400 123,900 120,300 (3,600)
Senior Citizens 53,606 - 53,600 42,500 (11,100)
Total Welfare 420.300 700 421,000 398.700 (22,300)
Culture and Recreation:
Recreation - Armory 27,500 500 28,000 29,400 1,400 Physical Cultural Center 139,100 200 139,300 136,500 (2,800)
Administration 494,900 4,500 499,400 539,300 39,900 Lafayette Park 111,300 - 111,300 113,000 1,700 Jake Gaither Golf Course 109,900 2,800 112,700 109,600 (3,100)
Parks 417,800 15,600 433,400 399,800 (33,600)
Lafayette Arts and Crafts 50,900 100 51,000 53,100 2,100 Palmer Monroe 87,200 100 87,300 87,600 300 Aquatic Athletics 163,300 3.100 166,400 165,000 (1,400)
General Athletics 353,300 (1,600) 351,700 354,100 2,400 Dade Street Recreation 65,300 100 65,4C0 66,600 1,200 Fourth Avenue Recreation 30,900 100 31,000 37,200 6,200 Jake Gaither Center 64,800 - 64,800 65.800 1,000 Bond Center Recreation 110,600 300 110,900 112,600 1,700 Playground 81,300 300 81,600 82,300 700 Maintenance 662,100 1,300 663,400 482,700 (180,700)
Municipal Course 235,000 13,900 248,900 286.500 37,600 Total Culture and Recreation 3,205,200 41,300 3,246,500 3.121,100 (125,400)
Total Expenditures $26,710,500 $(47,000) $26,663,500 $27,262.000 $598,500 35
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i I, SPECIAL REVENUE FUNDS 4
Special Capital Projects Fund - to provide a means of financing long ,
term Capital Projects while minimizing impact on the Operation Budget.
! Special Insurance Reserve Fund - created as a reserve against ex-cessive losses by the City from such items as hurricanes and fires.
Deficiencies and Emergencies Fund - to account for unforeseen ex-penditures of an emergency nature l Water and Sewer Line Extension and Depreciation Furaj - established
! for the purpose of planning and constructing additions to treatment
] plants and major systems lines of the water and sewer systems of the i City. In addition, this fund may make payments of principal and interest,
! when due, on bonds sold to finance such improvements, extensions, t i renewal and replacements of the water and sewer systems.
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CITY OF TALLAHASSEE, FLORIDA SPECIAL REVENUE FUNDS COMDINING BALANCE SHEET September 30,1982 Water and Sewer Line Special Special Deficiencies Extension Totals Capital Insurance and and September 30 September 30.
Projects Reserve Emergencies Depreciation 1982 1981 ASSETS Equity in Pooled Cash $1,992.000 $141,600 $3,782,800 $2,672.100 $ 8,588,500 $168,445,500 investments - At Amortized Cost 7,741,700 703,500 2,122,600 - 10,567,800 703,600 Accounts Receivable 5,200 - - - 5,200 -
Accrued Interest Receivable 215,900 22,000 69,500 - 307,400 22,000 Total Assets $9.954,800 $867.100 $5,974,900 $2.672,100 $19,468,900 $17,570.100 LIABILITY AND FUND BALANCES Accounts Payable $ -
$ - $ 500,000 $ - $ 500,000 $ -
Contracts Payable - - -
80.200 80.200 56,700 Total Liabilities - - 500,000 80.200 580.200 $56,700 FUND BALANCES Designated for Revenue Shortfall - 62,300 - 62,300 62,300 Undesignated 9.954,800 867.100 5,412,600 2,591,900, 18.826,400 17.451,100 Total Fund Balances 9,954.800 867,100 5,474,900 2.591,900 18,882.700 17,513,400 Total Liabilities and Fund Balances $9.954.800 $867,100 $5,974,900 $2.672,100 $19,468,900 $17,570,100 I
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CITY OF TALLAHASSEE, FLORIDA SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES i For the Fiscal Year Ended September 30,1982 Water and Sewer Line Special Special Deficiencies Extension Totals Capital Insurance and and September September Projects Reserve Emergencies Depreciation 30,1982 30,1981 Fund Balances - Octot.er 1 $10,411,000 $784,600 $3,800,000 $2,517,800 $17,513,400 $11.498.300 Revenues:
Oth:r revenues - - - - - 52,500 Charges for services - - - 455,000 455,000 662,600 Interest earned 2,645,800 82.500 826.600 382,500 3.937,400 1,652,900 Total Revenues 2,645,800 82,500 826,600 837,500 4,392.400 2,368,20')
Expenditures General Government - - 500,000 - 500,000 -
Capital Outlay - - - 161,400 161,400 133,600 Total Expenditures - - 500,000 161,400 661,400 133,600 Excess of Revenues over Expenditures 2,645,800 82.500 326.600 676,100 3,731,000 2,234,00y Other Financing Sources (Uses):
Operating transfers in - - 1,500,000 - 1,500,000 4,822,000 Operating transfers out (3,102.000) -
(151,700) (602,000) (3,855,700) (1,041,500)
Total Other Financing Sources (Uses) (3,102,000) - 1.348,300 (602,000) (2,355,700) 3,780.500 Excess of Revenues and other Sources over (under) Expendi-tures and Other Uses (456,200) 82,500 1,674,900 74,100 1,375,300 6.015,100 Fund Balance - September 30 $ 9.954,800 $807.100 $5,474.900 $2.591,900 $18,888,700 $17,513,400 39
CITY OF TALLAHASSEE SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES AND EXPENDITURES BUDGET AND ACTUAL For the Fiscal Year Ended September 30,1982 Special Capital Projects Special Insurance Reserve Variance Variance Favorable Favorable Actual Budget (Unfavorable) lictual Budget (Unfavorable)
Revenue:
Charges for service $ -
Interest earned 2,645,800 2,645,800 - $82,500 70,200 12,300 Total revenues 2,645,800 2,645,800 - 82,500 70,200 12.300 Expenditures General Government - - - - - -
Capital Outlay - - - - - -
Total expenditures - - - - - -
Excess of revenues over expenditures 2,645,800 2,645.800 - 82,500 70,200 12.300 Other Financing Sources (Uses):
Operating transfers in - - - - - -
Operatirg transfers out (3,102.000) (3,102,000) - - - -
Total other financing sources (uses) (3,102.000) (3,102,000) - - - -
Excess of revenues and other sources over (under) expenditures and other uses $ (456.200) $ (456,200) $ $82,500 $70,200 $12,300 40
Water and Sewer Line D ficiencies and Emergencies Extension and Depreciation Total Variance Variance variance Favorable Favorable Favorable Actusi Budget (Unfavorable) Actuai Budget (Unfavorable) Actual Budget (Unfavorable)
$ - $ 455,000 $ 455,000 $ - $ 455,000 $ 455,000 $ -
826,600 473.900 352,700 382,600 332,500 - 3,937,400 3,572,400. 365,000 826,600 473,900 352.700 837,500 837,500 - 4.392,400 4.027.400 365,000 500,000 - (500,000) - - - 500,000 -
(500,000)
- - - 161,400 161,400 - 161,400 161,400 -
500,000 -
(500,000) 161,400 161,400 - 661,400 161,400 (500,000) 326,600 473,900 (147,300) 676,100 676,100 - 3,731,000 3,866,000 (135,000) 1,500,000 1,500,000 - - - - 1,500,000 1,500,000 -
(151,700) (151,700) - (602,000) (602,000) -
(3,855,700) (3,885,700) -
1,348,300 1,348,300 - (602,000) (602,000) - (2,355,700) (2,355,700) -
$1,674,900 $1,822,200 $(147,300) $ 74,100 $ 74,100 $ - $1,375,300 $1,510,300 $(135,000) i 41
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CAPITAL PROJECTS FUNDS Capital Improvement Fund - to account for general revenues used for the acquisition or construction of general fixed assets and other govern-mental services.
Capital Bonds Construction Fund - to account for bond proceeds used for the acquisition or construction of general fixed assets Grant Improvement - to account for grant revenues used for the i acquisition or construction of general fixed assets and other govern-mental services.
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CITY OF TALLAHASSEE, FLORIDA CAPITAL PROJECT FUNDS COMBINING BALANCE SHEET September 30,1982 Capital Totals Capital Bonds Grant September September improvement Construction Improvement 30,1982 30,1981 ASSETS Cash - Restricted $ - $ -
$ 10,300 $ 10,300 $ 7,700 l Equity in Pooled Cash 6,780,700 12,695,900 5 t 1,100 19,987,700 21,654,300 l Accounts Receivable 19,100 - 1,341.000 1,333,100 1,595,400 Allowance for Uncollectibles - - - - (2,700)
Due from Other Funds - - - - 557,000 Total Assets $6,799,800 $12,695,900 $1.835,400 $21,331.100 $23,811,700 LIABILITIES AND FUND BALANCES Liabilit:es:
Accounts Payable $ 16,700 $ 1,080,400 $ 33,500 $ 1,130,600 $ 346,500 Retainage Payable - 488,700 - 488,700 80,200 Total Liabilities 16,700 1,569,100 33,500 1,619.300 426.700 Fund Balances:
Reserved for Encumbrances 4,821,700 7,184,300 1,267,400 13,273,400 19,856,300 Reserved for Law Enforce-ment Trust Fund 100,900 - - 100,900 -
Reserved for Community and Rehabilitative Trust - - 10,300 10,300 7,700 Undesignated 1,860.500 3,942,500 524,200 6.327,200 3,521,000 Total Fund Balances 6,783.100 11,126.800 1,801,900 19,711,800 23,385,000 Total Liabilities and Fund Balances $6,799,800 $12,695,900 $1,835,400 $21,331,100 $23,811,700 44
CITY OF TALLAHASSEE, FLORIDA CAPITAL PROJECT FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For the Fiscal Year Ended September 30,1982 Capital Totals Capital Bonds Grant September September improvement Construction Improvement 30,1982 30,1981 Fund Balances - October 1 $3.227.300 $18,356.500 $1.801.200 $23,385,000 $ 4,003,900 Ravenues:
Intergovernmental Revenues 88,100 -
1,099,200 1,187,300 5.096,400 Interest Earned 613,500 2,631,200 - 3,244,800 1,123,700 Miscellaneous 70,900 - - 70,900 28,900 Total Revenues 772,500 2.631,300 1,099,200 4,503,000 6,249,000 Expenditures:
Current:
General government 412,700 - 245,900 658,600 1,639,600 Highways and streets 776,800 - 206,700 983,500 432,700 Sanitation - - - - -
Health - - 7,500 7,500 24,500 Welfare 183,500 -
532,000 715,500 907,300 Education 10,700 - 93,400 104,100 83.100 Culture and recreation - - - -
23,400 Capital Outlay 844,800 10,208,400 229,800 11,283,000 6.165,400 Total Expenditures 2,228,500 10.208,400 1,315,300 13,752,200 9,276,000 Excess of Revenues over (under)
Expenditures (1,456,000) (7,577,100) (216,100) (9,249,200) (3,027,000)
Other Financing Sources (Uses):
Proceeds from sale of anticipation notes - - - - 20,238,300 Proceeds from sale of property 150,000 - - 150,000 125,000 Operating Transfers in 5,479,400 367,200 267,800 6,114,400 4,264,200 Operating Transfers Out (S17,600) (19,800) (51,000) (688,400) (2,855,200)
Total Other Financir'g Sources (Uses) 5.011,800 347,400 216,800 5,576,000 21,772,300 Excess of Revenue and other sources over (under) Expendi-tures and other uses 3,555,800 (7,229,700) 700 (3,673,200) 18,745,300 Residual Equity Transfers from other funds - - - - 635,800 Fund Balances -
September 30 $6.783,100 $11,126,800 $1,801.900 $19,711,800 $23,385,000 45
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! ENTERPRISE FUNDS Electric Fund - to account for the construction, operation and mainte-
, nance of the City-owned electric system.
Gas Fund - to account for the construction, operation and mainte-nance of the City-owned gas system.
Sewer Fund - to account for the construction, operation and mainte-l nance of the City-owned sewer system.
Water Fund - to account for the construction, operation and mainte-nance of the City-owned water system.
Airport Fund - to account for the construction, operation and mainte-nance of the municipal airport.
Tallahassee Transit Fund - to account for the operation and mainte-t nance of the City's mass transportation system.
..__.. _ -..._...__..._ ...__._._ _ .. .._,___-, _ ._ _ _ _.,-.,_~-_---, _ _,...,~._ _-- _ , - - - - - - - - , -
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l CITY OF TALLAHASSEE, FLORIDA ENTERPRISE FUNDS COMBINING BALANCE SHEET September 30,1982 Totals Tallahassee September September Electric Gas Sewer Water Airport Transit 30.1982 ,30.1981 ASSETS Current Assets:
Cash $ 262.600 $ - $ - $ - $ 800 $ 1.300 $ 264.700 $ 50.300 Equity in Pooled Cash 3,211,800 359.100 362,700 446.000 122.200 116.700 4.618,500 2.026.000 Accrued Interest Receivable 185,000 - - - - - 185,000 160,800 Accounts Receivable-Customers v 530.300 485.900 520.300 295,400 470.000 56.700 8,358.600 S.788,400 Other 1.032.800 - -
11.100 493.700 925.300 2,462,900 3.437.000 Less: Allowance for Doubtful Accounts (513.500) (45.300) (43.600) (24.800) (248,000) (6.800) (882.000) (798.300)
Inventory.
Fossil Fuel 7.873.800 89.000 - - 64,000 25.600 8.052.400 8.061.800 Nuclear Fuel 2,078,000 - - - - -
2.078.000 1.641,500 Accumulated Amortization of Nuclear Fuel (830.800) - - - - - (830,800) (627.100)
Other Inventory - - - - -
119.200 119.200 93.800 Note Receivable - - - 25,500 - 25,500 23,500 Total Current Assets 19.830.000 888.700 839,400 727.700 928,200 1.238.000 24.452,000 20.857.700 Restricted Assets:
Revenue Bonds Debt Service-Equity in Pooled Cash 383.700 50.300 52.100 '21,700 - -
547.800 204,500 Revenue Bonds Reserve:
Equity in Pooled Cash 467,100 120,000 312,900 121,800 - -
1.021.800 812.900 investments - At Amortized Cost 10.333.300 12,300 1.047.800 353.300 - - 11.746,700 11.887.000 Accrued Interest Receivable -
300 23.400 7,900 - -
31.600 29,800 Revenue B ads Consti.ction Equity in Pooled Cash 5,798.200 - 5,602.600 3,593.500 - -
14.994.300 14,572,400 Accounts Receivable - - - - - - - 20,400 Other:
Equity in Pooled Cash 472.100 - 481,0 0 - 812,700 - 1,766.300 3.514.600 Accounts Receivable - -
249.300 - - - 249,300 1,855.100 Revenue Bonds Reneual and Replacement:
Equity in Pooled Cash 10.093.100 803.900 1,034,900 42,100 - -
i t979.000 15.502.900 Total Restricted Assets 27.547.500 1.031.800 8,804.500 4.140.300 812.700 - /2,336.800 48.399.600 Other Assets:
Goodwill - - - - - 5,700 5.700 11,400 Deposits - -
55.400 - - -
55.400 55,700 Unamortized Bond issue Cost 600,500 - 100,300 29.900 - -
730.700 790.900 Note Receivable - - - -
348.600 -
348.600 374,100 Total Other Assets 600,500 -
155.700 29.900 348.600 5,700 1.140.400 1,232.100 Utihty Plant in Service:
Utihty Plant in Service 202.287.500 7.268,000 40.075.500 22,482.600 16.118.400 4.362.200 301,594.200 284.068.200 i Less: Accumulated Depreciation (60.672,600) (2,71r '00) (6,937.900) (7.074,800) (3.418.800) (989,700) (81.810.500) (71,615.300)
Construction in Progress 5.627,300 - 14,607.700 581,300 2,000 -
20.818.300 13.472.500 Total Utihty Plant in Service 147.242.200 4.551.300 56.745.300 15.989.100 12.701.600 3.372.500 240.602.000 225.925.400 Total Assets $195.220.200 $6.471,800 $66.544.900 $20.887.000 $14.791.100 $4.616.200 $308.531,200 $296.414.800 48
/.
j l CITY OF TALLAHASSEE, FLORIDA ENTERPRISE FUNDS COMBINING BALANCE SHEET September 30,1982 l (Continued) l Totals Tallahassee Septenber September Electric Gas Sewer Water Airport Transit 30.1982 30,1981 LIAD'LITIES AND FUND EQUITY Currant Liabilities:
Accounts Payab'e $ 3,402,700 $ 369.703 $ 1.400 % - $ 38,800 $ 16,000 $3,828.600 $ 3.707,800
-Customer Contracts Payable - 78,500 40,700 758.500 237,200 - - 1,114.900 422.200 i Advance from Mt.nicip61ity -
General Rever.ue Bonds - - - - 46,300 -
46.300 44.000 Customer Advances for r Construction .38.300 200 17,900 12,900 2,300 - 171,600 816.200 Das to Other Funds - - - -
800 SSI .300 552,100 -
Utility Deposits Payable 3.070,500 72,300 -
168.600 - - 3.311,400 3,220.600 Loan from Municipal Retire-mcnt Fund - - - -
25.500 -
25.500 23.500 Total Current Liabilities 6,690.000 482.900 777.800 418,700 113,700 567.300 9.050,400 8.234.300 Payab9 from Restricted Assets:
Accrued Interest and Commissions Payabla -
3.400 3.500 1,100 - - 8,000 10.400 Bonds Payable -
100.000 75,000 25.000 - - 200,000 200.000 Retainage and Accounts Payab'e 69.700 -
58.800 57.900 - - 186,400 1.86a.300 Total Payable from Restricted Assets 69.700 103.400 137,300 84.000 - -
394.400 2.075.700 Other Liabitaties:
Deferred Revenue M 300 -
3.800 -
11.400 40,700 114.400 132,500 Customer Contracts Payable 11u,900 - 837,900 349.600 - - 1,298,400 1,273,800 Customer Advances for Construction - - 4,400 - - -
4.400 33,500 Bonds and Notes Payable 120,000,000 412,500 15.535,500 5.512,000 - - 141,460.000 146.115,000 Less: Bond Discount (1,602.400) - (7,000) (2.100) - -
(1,611,500) (1,746.400)
Loan from Municipal Retirement Fund - - - - 348,600 -
348.600 374,100 Advance f rom Municipality -
Genstal Revenue Bonds - - - - 1,309.900 - 1,309.900 1.356,200 Total Other Liabilities 118,567,000 412.500 16.374.600 5.859.500 1.669.900 40.700 142,924.200 147.538.700 Total Liabikties 125.326,700 998.800 17,289.700 6.362,200 1.783.600 608.000 152,369.000 157.848,700 Fund Equity:
Contnbuted Capital - - 24.205,800 - 10,919,100 8,785.600 43,910,500 34,374.600 Retained Earnings:
Reserved for Revenue L Bonds - Debt Service 383,700 11.90' 17.300 10,200 - - 423,100 69,100 Reserved for Revenue Bonds 10.800.400 132.600 1,384,100 483,000 - -
12.800.100 12,729,700 Reserved for Revenue Bonds Construction 5,798.200 - 5.602,600 3,535.600 - - 14,936,400 14,205.100 Reserved for Other 472,100 - 680,100 - 812,700 - 1,964.900 4,022,300 Reserved for Revenue Bonds Renewal and Replacement 10.023.400 808,900 1.026,800 42,100 - -
11.901.200 15,372,700 Unreserves 42,415,700 4.519.600 16.338.500 10.453.900 , 1.275.700 (4,777,400) 70.226.000 57.792.600 Total Fund Equity 69.893.500 5.473.000 49 255,200 14.524.800 13.007.500 4.008.200 156.162.200 138.566.100 Total Liabihties and Fund Equity $195.220.200 $6.4i1,800 $66.544.900 $20.887,000 $14.791.100 $4.016.200 $308.531.200 $296 414.800 49
CITY OF TALLAHASSEE, FLORIDA ENTERPRISE FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS For the Fiscal Year Ended September 30,1982 Totals Tallahassee September September Electric Gas Sewer Water Airport Transit 30,1982 30,1981 Operating Revenues:
Charges for Services:
Residential Sales $33,051,300 $1,655,000 $2.844,300 $1,983,300 $ - $ - $39,533,900 $35,311,100 Commerc!al and Industrial Sales 39,055,500 4,886,800 3,253,600 1,307,300 - - 48,503.200 40,175,000 Public Street and Highway Lighting 629,700 - - - - -
629,700 503,400 Sales for Resale 9,811,200 - - - - - 9,811,200 16,200,300 Sales to Other Funds 2,493.000 60,400 46,100 88,600 - -
2,688.100 2,754,700 Surcharge 2,167,800 44,000 379,900 321,200 - -
2.912.900 3.090,400 Tapping Fees - 3,400 71,600 139,900 - - 214,900 229,500 Sale of Gas and Oil - - - - 2,072,700 -
2,072,700 2,007,700 Landing and Tie Down Fees - - - - 189,200 -
189,200 163,600 Forfeited Discounts 123,100 11,700 - 4,600 - - 139,400 119,700 initiating Service 114,200 13,800 - 81,900 - -
209,900 162,200 Rentats 130,700 - - 44,600 928,000 - 1,103.300 959,800 Cut-ins and cut-fees 97,200 20,200 - 65,900 - -
183.300 129,900 Transportation Fees - - - - - 684,500 684,500 663,000 Other 124,600 4,400 35,900 2.600 26,100 - 193,600 332,000 Total Operating Revenues 87,798.900 6.699,700 6.631,400 4,039,900 3,216,000 684,500 109,069,800 102,802,300 Operating Expenses: -
Fossil Fuel 47,318,800 - - - - - 47,318.800 45,962,800 Nuclear 641,700 - - - - - 641,700 584,300 Purchase of Power 636,100 - - - - - 636,100 349,100 Purchase of Gas - 4,480.000 - - - - 4,480,000 4,328,500 Production:
Operating 2,015,200 - 1,546,900 1,032.200 - - 4.594,300 3,535.500 Maintenance 993,900 - 454,500 3.300 - - 1.451,700 1,267,600 Transmission:
Operating 298,600 - 79,300 - - - 377,900 416.100 Maintenance 82,000 - 43,200 - - -
125,200 162,900 Distribution:
Operating 1.566,000 290,300 1,135,500 171,600 - - 3,163,400 2,971,400 Maintenance 593,900 194,800 15,500 602.800 - - 1,407.000 1,230,800 Administrative 2.060,300 208.900 650,300 340,900 - - 3.260,400 3,143,600
- Automotive Equipment Expense 412,700 95.800 355,100 230,600 - -
1,094,200 1,395.500 Less: Applied Equipment Charges (604,000) (89,300) (405,700) (234,500) - -
(1,333,500) (1,168,300)
Materials and Supphes - - - - 50,800 457,000 507,800 153,300 Depreciahon 8.225,300 200,800 1,383,700 375,500 585,900 214,700 10.985,900 10.466,200 Amortization 185,300 - 7,500 2.300 - - 195,100 208.100 Customer Accounts Expense 1,797,100 203,000 600,500 580,300 - -
3,180,900 2,503,000 j Personal Services - - - - 751,400 1.311,300 2,062,700 1,779,900 l Contractual Services - - - - 1,936,800 385,300 2,322.100 1,839,700 Other 21,200 - -
41,200 _ 80,300 176,800 142,700 ,
i Total Operating Expense 66,244,100 5,584,300 5.866,300 3,105,000 3.366,100 2,448.600 86.614,400 81,306,800 l Operating income (Loss) 21,554.200 1.115,400 765,100 934,900 3 50,100) (1,764.100) (22.455,400) 21,495,500 (Continued on Next Page) 50 l l
l
CITY OF TALLAHASSEE, FLORIDA ENTERPRISE FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETANED EARNINGS For the Fiscal Year Ended September 30,1982 (Continued)
Totals Tallahassee September September Electric Gas Sewer Water Airport Transit 30.1982 30,1981 Ronoperating Revenues (Expenses):
Interest Revenue $ 5.626.400 $ 253.900 $ 1,647.600 $ 821,500 $ 161,700 $ 48,200 $ 8.559.300 $ 7,481.900 Gain on Sale of Surplus Property 8.300 - -
36.600 52,100 28.300 - -
20,800 - - -
20.800 28,400 Recovered Costs - -
7,400 14,300 62,E'.)0 82,700 Federal Grant Revenue 40.900 - - -
422,700 600 90,700 45,500 53,700 6.300 619,500 531,200 Other Revenues Insurance Claims - - - -
16.900 -
16.900 -
Interest and Commission Expenses (7,029,600) (22.000) (917.200) (321,400) (31,000) - (8.321,200) (8.457.300)
(15.100) -
(15.100) (1,700)
Loss on Sale of Property - - - -
- - (5,700) (5.700) (5,700)
Amortization of Goodwill - - -
(1,900) - -
(1.900) (81,300)
Other Espenses - - -
Total Nonoperating Revenues (Expenses) (911.300) 232.500 841.900 552.000 193.600 63.100 971.800 (370.200)
Income (Loss) Before 20.642.900 1,347,900 1,607.000 1,486.900 43,500 (1,701.000) 23,427.200 21.125,300 Operating Transfers Operating Transfers M (Out).
608.000 495.300 35.800 650.000 1.789.100 3.601,500 Operating Transfers in - -
Operating Transfers (Out) (16.503,400) (633,800) (13.600) (301,700) (156,700) -
(17.609.200) (18.044.300) 714,100 2.201,400 1,680.500 (77,400) (1,051.000) 7.607.100 6,682,500 Net income (Loss) 4.139.500 Disposition of Net income.
Increase in Contributed Capital - - - - -
(650.000) (650,000) (568,000)
Depreciation on Contributed 401,900 - 490.700 210.500 1,103.100 911,200 Assets - -
Net increase (Decrease) in 7,025.700 Retained Earnings 4,139.500 714.100 2.603.3CO 1.680.500 413.300 (1.490.500) 8.060.200 Retained Earnings (Defice)-
65,754.000 4.758.900 12.844.300 1,675.100 (3.286.900) 104.191.500 97,165.800 October 1 22.446.100 Retained Earnings (Deficit) -
$69.893.500 $5,473.000 $25.049.400 $14.524.800 $2.088.400 $(4.777.400; $112.251,700 $104.191,500 September 30 51
CITY OF TALLAHASSEE, FLORIDA ENTERPRISE FUNDS COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION For the Fiscal Year Ended September 30,1982 Totals Tallahassee September September Electnc Gas Sewer Water Airport Transit 30,1982 30.1981 Sources of Working Capital:
Operations:
Net income (loss) $ 4,139.500 $714,100 $ 2.201,400 $1.680.500 $ (77,400) $(1,051.000) $ 7.607.100 $ 6.682.500 items not requiring (providing) working capital:
Depreciation 8.225.300 200.800 1,383.700 375.500 585.900 214,700 10.985.900 10.466,200 Amortization 185.300 -
7.500 2.300 -
5.700 200.800 213.800 Working Capital Provided (Used) by Operations 12.550,100 914.900 3.592.600 2.058.300 508.500 (830.600) 18,793,800 17.362.500 increase in Customer Contracts Payable - -
24.500 41,700 - -
66.200 132.000 Decrease in Other Accounts Receivable - - - - - - -
1.912.800 Decrease in Deposits - -
300 - - -
300 48.000 increase in Customer Advances for Construction - -
3.900 - - -
3.900 33,500 increase in Deferred Revenue - - - - - 11,700 11,700 102.000 Decrease in Restncted Assets 3.800.000 - 2,798.900 514.100 - - 7,113.000 25.200 Contributions - -
8.094.100 -
166.900 1,728.000 9.989.000 9.510.400 increase in Payable from Restricted Assets - - - - - - -
1.732.600 increase in Bonds Payable - - - - - - -
3.000.000 Decrease in Notes Receivable - - - -
25.500 - 25,500 23.600 Total Sources of Working Capital 16.350.100 9?4.900 14.514.300 2.614.100 700.900 909.100 36.003.400 33.883.200 Uses of V 19 Capitat Acquisitu. 3f Plant in Service 9.059.000 452.800 12.644.500 2.318.300 317.700 870.200 25.662.500 23.344.200 Decrease in Cusicmer Advances for Construction 33.000 - - - - -
33.000 12.700 Decrease in Bonds Payable 4.005.000 103.000 385.500 161,500 - -
4.655.000 4,435.000 Decrease in Deferred Revenue 19.600 -
3.900 -
6.300 - 29,800 -
, Reduction of Advance from i Municipahty - - - -
46.300 -
46.300 66.800 Decrease in Customer Contracts Payable 41.600 - - - - -
41.600 -
Increase in Bond Discount - - - - - - - 25,500 Increase in Restricted Assets -
237.500 - -
812.700 -
1.050.200 427.400 Reduction of Loan from Municipal Retirement Fund - - - -
25.500 -
25.500 23.600 Decrease in Payable from l
Restricted Assets 5.100 900 1.504.800 170.500 - -
1.681.300 2.200 Total Uses of Working Capital 13.163.300 794.200 14.538.700 2.650.300 1.208.500 870.200 33.225.200 28,337.400 l
l Net increase (Decrease) in Working Capital $ 3.186.800 $120.700 $ (24.400) $ (36.200)$ (507,600) $ 38.900 $ 2.778.200 $ 5.545.800 i
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(Continued on Next Page) 52
CITY OF TALLAHASSEE, FLORIDA ENTERPRISE FUNDS COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION For the Fiscal Year Ended September 30,1982 (Continued)
Totals Tallahassee September September Electric Gas Sewer Water Airport Transit 30,1982 30,1981 Elements of Net increase (Oscrsase) in Working Capital Cash $ 212,300 $ - $- $ - $ 800 $ 1,300 $ 214,400 $ (202,800)
Equity in Pooled Cash 2.912,000 121,200 28,700 (14,400) (193,600) (261,400) 2,592,500 1,108.900 24,200 - - - 24,200 160,800 Accrued Interest Receivable - -
76,900 41,200 31,000 (466.300) 829.600 512,400 932,600 Accounts Receivable -
inventory 219,800 (8.900) - -
13.300 24,600 248,800 1,559,200
- - - - - 3,100 Other - -
2,000 - 2,000 1,800 Notss Receivable - - - -
(195,000) (65,400) 400 143,600 (3,900) (120,800) 1,218,400 Accounts Payable (500)
Customer Contracts Payable 93.400 700 (608,400) (178,400) - - (692,700) 683,300 Customer Advances for-1,900 (200) 514,600 130,600 (2,300) - 644,600 (75,900)
Construction (800) (551,300) (552,100) 397,100 Due to Other Funds - - -
Utihty Deposits Payable (81,800) (3,600) - (5,400) - - (90,800) (214,000) 1.oan from Municipal Retirement
- - (2,000) - (2,000) 0,800) 6und - -
(2,300) - (2,300) (24.900)
Advance from Municipality - - - -
Net increa;e (Decrease) in
$3,186,800 $120,700 $(24,400) $(36,200) $(507,600) $ 38,900 $2,778.200 $5,545,800 Working Capital 53
CITY OF TALLAHASSEE, FLORIDA SCHEDULE OF OPERATING EXPENSE TALLAHASSEE TRANSIT FUND For the Fiscal Year Ended September 30,1982 Automotive $ 510,900 Materials and Supplies:
Office 68,000 Supplies 49,000 Uniforms 15,700 132,700 Depreciation 214,700 Personal Services:
Pensions and payroll taxes 150,600 Salaries and wages 1,239,800
_1,390,400 Contractual Services:
Accounting 41,300 Advertising 22,000 Professional fees 21,600 Purchasing 6,900 Personnel 17,900 109,700 Other:
Insurance 69,500 Rent 5,200 Miscellaneous 15,500 90,200 Total Operating Expense $2.448,600 l
1 l
! 54
. . . . . - . - . . . . ~ - _ _ -
f l
i INTERNAL SERVICE FUNDS ,
t Reading, Billing and Collection Fund - to account for the costs of reading, billing and collecting for the services provided by the various enterprise funds.
?
Data Processing - to account for the costs of operating the City's data processing department.
Accounting Fund - to account for the costs of operating the City's accounting department.
Central Stores Fund - to account for the costs of operating a
- warehouse for inventory used by other City departments.
- Purchasing Fund - to account for the costs of operating the City's centralized purchasing department.
Garage Fund - to account for the costs of operating a maintenance facility for automotive equipment used by other City departments.
Human Resources - to account for the costs of operating the City's personnel department.
Pension Administration - to account for the costs of administering the City's pension plans.
i 1
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- , y ---,-w,., -arr- - ,,n- n----m-.n.-,.,-,--,,-vr n, . , , - - ee n -- na-, er ,-e, ,,w.. ,, n.,,=,n-,sv-----n-, e -- m,-,-..-.n.n,
CITY OF TALLAHASSEE, FLORIDA INTERNAL SERVICE FUNDS COMBINING BALANCE SHEET September 30,1982 Totals Reading Bdhng and Data Central Human Pension September September Collection Processing Accounting Stores Purchasing Garage Resources Admastration 30,1982 30.1981 ASSETS Currsnt Assets:
Cash $ 22.100 $- $- $- $- $- $- $- $ 22.100 $ 46.700 Eauity in Pooied Cash 198.800 52.700 522.700 174.200 44.700 267.700 34.400 10.600 1.305.800 454.800 800 4.300 -
17.600 - -
22.700 36.400 Accounts Receivable - -
37.700 - - - - - - 37.700 -
Due frorn Other Funds -
Depostts 6.500 - - - - - - - 6.500 6.500 2.226.700 30.500 181.900 - -
2.439.100 2.537.000 inventory - - -
265.100 53.500 522.700 2.405.200 75.200 467.200 34.400 10.600 3.833.900 3.081.400 Total Current Assets R:stncted Assets.
- - - - 30,000 30.000 Cash 30.000 - - -
1.910.300 - -
1.910.300 1.632.200 Equity in Pooled Cash - -- - -
1.910.300 - -
1.940.300 1.662.200 Tetal Restncted Assets 30.00_0 94.400 67.000 70.400 249.800 20.300 8.427.400 48,400 6.500 8.984.200 7.957.300 Fixed Assets Less. Accumulated Deprecation (77.600) (27.700) (50.200) (65.500) (10.900) (3.804.200) .(17.400) (2.400) (4.055.900) (3.654.900)
Net Fixed Assets 16.800 39.300 20.200 184.300 9.400 4.623.200 31.000 4.100 4.928.300 4.302.400 Total Assets $ 311.900 $ 92.800 $ 542.900 $2.589.500 $ 84.600 $7,000.700 $ 65.400 $ 14.700 $10.702.500 $ 9.046.000 LIABluTIES AND FUNO EOUITY Liabihties:
Accounts Payable $ 300 $- $ 2.800 $ 90.900 $ 3.000 $ 20.500 $ - $- $ 117.500 $ 108.600 300 2.800 90.900 3.000 20.500 - -
117.500 108.600 Total Liata%es -
Fund Equity Retained Earnings Reserved for Law 30.000 30.000 Enforcement 30.000 - - -
Reserved for Fleet Management - - - - -
1.910.300 - -
1.910.300 1.632.200 Reserved for Other 141.000 - 500.000 - - - - -
641.000 -
140.600 92.800 40.100 2.498.600 81.600 5.069.900 65.400 14.700 8.003.700 7.275.200 Unreserved Total Fund Equity 311.600 92.800 540.100 2.498.600 81.600 6.980.200 65.400 14.700 10.585.000 8.937.400 Totat Liabikties and Fund Equity $ 311.900 $ 92.000 $ 542.900 $2.589.500 $ 84.600 $ 7.000.700 $ 65.400 $ 14.700 $10.702.500 $9.046.000 55
CITY OF TALLAHASSEE, FLORIDA INTERNAL SERVICE FUNDS COMBIN!NG STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS For the Fiscal Year Ended September 30,1982 Reachng Bitting and Data Central Human Pension Totals Collecton Processing Accounting Stores Purchasing Garage Resources Adrrurustration September September Fund Fund Fund Fund Fund Fund Fund Fund 30.1982 30.1981 Operating Revenues Charges for Service $2.034.400 $1,068.200 $1.032.000 $3.448.500 $ 258.600 $3.924.700 $ 567.500 $ 87,700 312.421.600 $11.300.100 Miscellaneous 9.600 600 6.100 23.700 1.300 36.300 900 2.400 80.900 84.300 Total Operating Revenues 2.044.000 1.068.800 1.038.100 ,3.472.200 259.900 3.961.000 568.400 90.100 12.502.500 11.384.400 Oparating Expenses.
Pe" mal Services 955.100 571.300 647.800 102.400 141.000 746.100 417.400 35.900 3.617.000 3.163.500 Contractual Services 924.300 68.900 298.300 3.276.600 14.300 2.169.900 99.300 51.000 6*32.600 6.523.100 Matenals and Supphes 10.300 6.700 9.100 5.400 80.400 39.100 13.200 400 164.600 126.100 Other 25.500 410.700 21.900 25.100 14.000 27.300 38.600 400 563.500 480.500 Depreciation 900 4.400 1.700 5.000 1.100 616.700 2.700 300 632.800 548.500 Total Operating Expenses 1.916.100 1.062.J00 978.800 3.414.500 250.800 3.599.100 571.200 88.000 11.880.500 10.841.700 Operating income (Loss) 127.900 6.800 59.300 57.700 9.100 361.900 (2.800) 2.100 622.000 5'.2.700 Norxperating Revenues Gain (Loss) on Sam of Surplus Property -
(500) -
200 100 63.300 (800) -
62.300 116.600 Other - - - - -
435.600 - -
435.600 -
Interest Revenue - - - - -
311.200 - -
311.200 192.700 Total NorH)perating Revenues -
(500) -
200 100 810.100 (800) -
809.100 309.300 Op2 rating Transfers in (Out) -
(2.400) 450.000 (35.100) 100 (220.900) 25.000 (200) 216.500 179.600 Net income (Loss) 127.900 3.900 509.300 22.800 9.300 951.100 21.400 1.900 1.647.600 1.031.600 Retained Eamings -
October 1 183.700 88.900 30.800 2.475.800 72.300 6.029.100 44.000 12.800 8.937.400 7.905.500 Retained Earnings -
September 30 $ 311.600 $ 92.800 $ 540.100 $2.498.600 $ 81.600 $6.980.200 $ 65.400 $ 14.700 $10.585.000 $ 8.937.400 56
CITY OF TALLAHASSEE, FLORIDA INTERNAL SERVICE FUNDS COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION For the Fiscal Year Ended September 30,1982 TOWS Reading Billing and Data Central Human Penson September September Collecton Processing Accountng Stores Purchasing Garage Resources Administration 30.1982 _30.1981 ScurCCs of Working Captal:
Operitons:
Net income $ 127.900 $ 3.900 $ 509.300 $ 22.800 $ 9.300 $ 951.100 $ 21.400 $ 1.900 $1.647.600 $1.031.600 items not requirmg working captal:
Depreciaton 900 4.400 1.700 5.000 1.100 616.700 2.700 300 632.800 548.500 Working Captal Provided by Operatons 8.300 511.000 27.800 10.400 1,567.800 24.100 2200 2.280.400 1.580,100 128.800 Retirement of Fixed Assets -
500 - 100 100 38.900 1.000 300 40x00 4.800 Total Sources of Working Capital 128.800 8.000 511.000 27.900 10.500 1.606.700 25.100 2.500 2.321.300 1.584.900 Uses of Working Captat; Acquisiton of Fixed Assets 12.900 300 6.800 21.900 1.600 1.243.500 10.80) 1.800 f 239.600 1.034.900 incresse m Restncted Assets - - - - -
278.100 - - 278.100 333.300 Total Uses of Working Captal 12.900 300 6.800 21.900 1.600 1.521.600 10.800 1.800 1.577.700 1.368.200 Net increase in Working Captal $ 115.900 $ 8.500 $ 504.200 $ 6.000 $ 8.900 $ 85.100 $ 14.300 $ 700 $ 743.600 $ 216.700 Elements of Net incrsase (Decrease) in Working Captal:
Cash $ (24.600) $ - $ - $ - $ - $ - $ - $ - $ (24,600)$ 6.900 Equity n Pooled Cash 102.500 18.800 507.100 36.600 9.000 163.500 14.000 (500) 851.000 242.000 Acccunts Receivable -
(10.400) (700) (2.600) - - - -
(13.700) 7.300 Due from Other Funds 37.700 - - - - - - - 37.700 3.900 Inventory - Materials and SupNies - - -
(13.000) 2.800 (87.700) - -
(97.900) (15.900 Accounts Payable 300 100 (2.200) (15.000) (2.900) 9.300 300 1200 (8.900) 4.800 Due to Other Funds - - - - - - - - -
3.900 Net increase (Decrease) in Working Captal $ 115.900 $ 8.500 $ 504.200 $ 6.000 $ 8.900 $ 85.100 $ 14.300 $ 700 $ 743.600 $ 216.700 57
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TRUST AND AGENCY FUNDS Pension Trust Funds City Employees' Pension Fund - to account for the accumulation of resources to be used for retirement annuity payments at appropriate amounts and times in the future for employees employed prior to October 1,1973 not covered under any othei plan.
Municipal Employees' Retirement Fund - to account for the accumulation of resources to 4
be used for retirement annuity payments at appropriate amounts and times in the future for all employees, except firemen and policemen, employed subsequent to October 1,1973 and employees who elected to transfer from other city plans.
Firemen's Pension Fund - to account for the accumulation of resources to be used for retirement annuity payments at appropriate amounts and times in the future for all firemen employed by the City.
Policemen's Pension Fund - This is a "special" police fund which is closed to participa-tion. It involves only retired lives.
Police Pension Fund Article ll- to account for the accumulation of resources to be used for retirement annuity payments at appropriate amounts and times in the future for all policemen employed by the City.
Expendable Trust Funds Stadium Construction Fund - to account for the monies collected at the City's Athletic Stadium which are used to fund improvements at the stadium.
7 Stadium Operation and Maintenance Fund - to account for the monies received from the City, Leon County and the Leon County School Board for the operation and maintenance of
, the City's Athletic Stadium.
Downtown improvement Authority Fund - to account for the monies appropriated to Downtown Improvement Authority, an agency created by the Florida Legislature, to regulate downtown growth.
DIA Parking Garage Fund - to account for the operation and maintenance of the Downtown Improvement Authority Parking Garage.
1 j Agency Fund j Leon County Franchise Fee Fund - to account for the collection and payment to Lecq County of franchise fees charged to City water and sewer users who live in Leon Countf but not within the limits of the City.
t
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CITY OF TALLAHASSEE, FLORIDA i TRUST AND AGENCY FUNDS COMBINING BALANCE SHEET September 30,1982 Pension Trust Funds Municipal City Police. Police Employees' Employees' Firemen's men's Pensson Total Retirement Pension i PenSon Pension Article 11 Pensions ASSETS Equity in Pooled Cash $ 1.080.700 $ 1.030.300 $ 42.700 $169.500 $ 483.000 $ 2.806200 investments at Amortized Cost 11.891.700 19.321.700 7,336.500 54.400 5.943200 44,547.500 Accrued Interest Receivable 18.500 8.900 500 -
9.700 37.600 Accounts Receivable 30.900 21.700 12.200 -
6.700 71.500 Notes Receivable 374.100 - - - -
374.100 Total Assets: $13.395.900 $20.382.600 $7.391.900 $221900 $6.442.600 447.836.900 LIABILITIES AND FUND BALANCES Liabilities:
Accounts Payable $- $ - $ - $- $ ~ $ -
Total Liabilities - - - - - -
Fund 8atances:
Reserved for Employee Retirement Plans 13.395.900 20.382.600 7.391.900 223.900 6.442.600 47.836.900 Unreserved - - - - - -
Total Fund Balances 13.395.900 20.382.600 7.391.900 223.900 6.442.600 47.836.900 Total Liabilities and Fund Balances $13.395.900 $20.382400 $7.381.900 $223.900 $6.442.600 $47.836.900 s
60
Agency Expendable Trust Funds Fund Downtown Stadium improvement Operation Downtown Authority Total Leon County Totals Stadium and improvement Parking Expendable Franchise September 30. September 30.
Construction Maintenance Authority Garage _ Tejsts Fee 1982 1981
$19.900 $ 8.300 $113.200 $64.800 $216200 $45.600 $ 3.284200 $10250.500
- - - - - - 44.547,500 30.152200 37.600 30.200 7.700 -
10.000 17.700 -
106.900 89.900 374.100 397.700
$29.900 $16.000 $113200 $74.800 $233.900 $45.600 $48.350.300 $40.920.500
$- $- $ 2.300 $- $ 2.300 $45.600 $ 50.200 $ -
2.300 - 2.300 45,600 50200 -
47.836.900 40.770.600 29.900 16.000 11G.ieUU 74.800 231.600 - 463200 149.900 29.900 16.000 110.900 74.800 231.600 -
48.300.100 40.920.500
$29.900 $16.000 $113200 $74.800 $233.900 $45.600 $48.350.300 $40.920.500 61
CITY OF TALLAHASSEE, FLORlDA PENSION TRUST FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND BALANCES For the Fiscal Year Ended September 30,1982 Municipal City Police- Police Totals Employees' Employees' Firemen's men's Pension Septeinber September Retirement Pension Pens:on Pension Article ll 30,1982 30,1981 Fund Balance - October 1 $10,938,800 $17,602,900 $6,585,100 $214,000 $5,429.800 $40,770,600 $34,199,500 Operating Revenues investment income 1,168,400 1,761,700 626.400 31,700 564,900 4,153,100 3,840,700 City Contribution 984,900 1,440,100 171,300 - 268,400 2,864,700 2.670,900 Employee Contribution 950,000 536,100 174.800 - 253,500 1,914,400 1,651,100 State Contribution - - 124,500 - 176,300 300,800 285,400 Other Revenue 7,400 2,200 - - -
9.600 17,900 Total Operating Revenues 3.110,700 3,740,100 1,097,000 31.700 1.263.100 9,242,600 8,466,000 Op3 rating Expenses Benefit Payments 176.900 765,500 231,600 21,800 172,400 1,368,200 1,186,000 Refunds 195,800 43,600 9.500 - 13,300 262,200 329,200 Medical and insurance 222,800 97,300 31,300 - 46,800 398,200 304,800 Administrative 58,100 54,000 17,800 - 17,800 147,700 74,900 Total Operating Expenses 653,600 960,400 290.200 21,800 250,300 _ 2,176,300 1,894,900 Net income 2,457.100 2,779.700 806.800 9.900 1,012,800 7,066,300 6,571,100 Fund Balance - September 30 $13.395,900 $20,382,600 $7,391,900 $223,900 $6,442,600 $47,836,900 $40,770,600 62
CITY OF TALLAHASSEE, FLORIDA PENSION TRUST FUNDS COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION For the Fiscal Year Ended September 30,1982 Munic; pal City Police- Police Totals Employees' Employees' Firemen's men's Pension September September Retirement Pension Pension Pension Article 11 30,1982 30,1981 Sourc:s of Working Capital:
Operations:
Nat income $2,457,100 $2,779,700 $806,800 $9,900 $1,012,800 $7,066,300 $6,571,100 D: crease in Long Term Portion of Note Receivable 23,600 - - - - 23,600 23,500 Net !ncrease in Working Capital $2,480,700 $2,779,700 $806.800 $9.900 $1,012,800 $7,089,900 $6.594,600 Elem:nts of Net increase in Working Capital:
Equity in Pooled Cash (2,335,200) (2,050,000) (1,411,700) 4,900 (1,525,400) (7,317,400) 4,463,100 invsstments at Cost 4,797,800 4,842,300 2,221,900 5,000 2.528,300 14.395,300 2,126,400 Accrued interest Receivable 9.600 (7,400) 100 -
5,100 7,400 10,500 Accounts Receivable 8,500 (5,200) (3,500) - 4,800 4,600 (7,200)
Current Portion Note Receivable - - - - - - 1,800 Net increase in Working Capital $2.480,700 $2.779.700 $806,800 $9,900 $1,012,800 $7,089,900 $6,594.600 63
CITY OF TALLAHASSEE, FLORIDA EXPENDABLE TRUST FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For the Fiscal Year Ended September 30,1982 Downtown Stadium improve.
Operation Downtown ment Stadium and improve- Authority Totals Constr*;c- Mainte- ment Parking September September tion nance Authority Garage 30,1982 30.1981 Fund Balances - October 1 $20,400 $16,000 $ 93.300 $20.200 $149.900 $2.043.300 Revenues-Taxes - - 48,800 -
48.800 44,900 Intergovernmental Revenues - 29,000 - -
29.000 32,000 Charges for Services 9,700 - - 131,900 141,600 127,900 Interest 4.000 - 21,700 5.100 30,800 59.500 Miscellansoits Revenue - -
60C 4,300 4.900 2.800
+
Total Revenues 13.700 29.000 71,100 141,300 255.100 _ 267,100 Expenditures: .
Current:
General Government 4.200 29,000 53.500 86,700 173.400 309.900 Capital Outlay - - - - - 1.215,100 To?al Expenditures 4.200 29,000 53,500 86,700 173.400 1.525,000 Excess of Revenues Over (Under) Expenditures -
17.600 54.600 81,700 (1.257,900) 9.500_
Other Financing Sources:
Operating Transfers in - - - - -
300 Total Other Financing Sources - - - - -
300 Excess of Revenues and Other Sources Over (Under) Expenditures 9.500 -
17.600 54,600 81,700 (1.257,600)
Residual Equity Transfer (to) Other Funds - - - - -
(635 800)
Fund Balances -- September 30 $29,900 $16,000 $110,900 $74.800 $231,600 $ 149,900 l
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CITY OF TALLAHASSEE, FLOR!DA AGENCY FUND - LEON COUNTY FRANCHISE FEE COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES For the Fiscal Year Ended September 30,1982 Balance Balance October 1,1981 Additions Deletions September 30.1982 ASSETS Equity in Pooled Cash $ - $45,600 $ - $45,600 LIABILITIES Accounts Payable $ - $45,600 $ - $45,600 l
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4 GENERAL FlXED ASSETS ACCOUNT GROUP To account for fixed assets not used in Proprietary Fund operations or accounted for in Trust Funds.
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CITY OF TALLAHASSEE, FLORIDA SCHEDULE OF GENERAL FIXED ASSETS -
BY SOURCES September 30,1982 General Fixed Assets:
Land $ 4,036,700 Buildings 7,888,000 Improvements other than Buildings 4,589,600 Equipment 5,593,700 Construction in Progress 10,811,000 Total General Fixed Assets $32,919,000 investment in General Fixed Assets from:
General Revenue Bonds $18,198,000 General Fund Revenues 8,358,400 Grants 4,204,900 Capital Improvement Fund 1,429,600 Gifts 453,100 Stadium Construction Fund 275,000 Total Investment in General Fixed Assets $22,919,000 67
CITY OF TALLAHASSEE, FLORIDA SCHEDULE OF GENERAL FIXED ASSETS-BY FUNCTICN AND ACTIVITY For the Fiscal Year Ended September 30,1982 Improvements Other Than Total Land Buildings Buildings Equipment General Government:
Control:
City Commission $ 4,600 $ -
$ 4,600 City Manager 523,500 -
500,000 -
23,500 City TreasurerClerk 41,400 - - -
41,400 City Auditor 4,800 - - - 4,800 Total Control 574,300 - 500,000 - 74,300 Staff Agencies:
Management and Budget 14,100 - - -
14,100 Minority Business 1,000 - - -
1,000 Energy Office 1,900 - - -
1,900 Grants Management 3,000 - - -
3,000 Community Liason Office 3,400 - - -
3,400 Record Retention 114,100 - - -
114,100 Engineering 1,661,200 55,100 1,507,800 900 97,400 Public Information 16,100 - - -
16,100 Code Enforcement 26,300 - - -
26,300 General Government Buildings 4,516,200 881,000 724,700 2,527,000 383,500 Community Development 1,210,000 166,200 996,600 6.100 41,100 Total Staff Agencies 7,567,300 1,102,300 3,229,100 2,534,000 701,900 Total General Govemment 8,141,600 1,102,300 3,729,100 2,534,000 776.200 Public Safety:
Fire Protection 1,822,000 283,200 477,800 - 1,061',000 Police Protection 2,499,400 500,000 1,132,300 29,700 837,400 Building inspection 25,900 - - -
25,900 Communications 86,600 - - -
86,600 Total Public Safety 4,433,900 783.200 1.610,100 29,700 2,010,900 Highways and Streets 491,300 - -
5,500 485,800 Sanitation 1,818,200 - 280,000 -
1,538,200 Recreation 7,140,800 2,151,200 2,268,800 2,016,500 704,300 Cemetaries 82,200 - - 3,900 78,300 Total General Fixed Assets Allocated to Functions 22,108,000 $4,036,700 $7,888,000 $4,589,600 $5,593,700 Construction in Progress 10,811,000 1
Total General Fixed Assets $32,919,000 68
CITY OF TALLAHASSEE, FLORIDA SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS-BY FUNCTION AND ACTIVITY For the Fiscal Year Ended September 30,1982 General General Fixed Assets Fixed Assets October 1,1981 Additions Deductions September 30,1982 General Government:
Control:
City Commission $ 4,300 $ 400 $ 100 $ 4,600 City Manager 521.100 3,100 700 523,500 City Treasurer Clerk 42,800 3,900 5,300 41,400 City Auditor 5,000 300 500 4,800 Total Control 573,200 7,700 6,600 574,300 Staff Agencies:
Management and Budget 13,700 1,000 600 14,100 Minority Business 500 500 - 1,000 Energy Office - 1,900 - 1,900 Grants Management 3,400 -
400 3,000 Community Liason Office - 3,400 - 3,400 Record Retention - 114,100 - 114,100 Engineering 709,200 952,300 300 1,661,200 Public Information 30,900 2,300 17,100 16,100 Code Enforcement 7,000 19,300 - 26,300 General Government Buildings 4,428,600 146,000 58,400 4,516,200 Community Development 1,118,700 92,500 1,200 1,210,000 Total Staff Agencies 6,312,000 1,333.300 78,000 7,567,300 Total General Government 6,885.200 1,341,000 84,600 8.141,600 Public Safety:
Fire Protection 1,718,500 126,800 23,300 1,822,000 Police Protection 2,385,600 177,700 63,900 2,499,400 Building inspection 25,700 200 - 25,900 Communications 72,000 19,900 5,300 86.600 Total Public Safety 4,201,800 324,600 92,500 4,433 900 Highways and Streets 423,500 137,800 70,000 491,300 Sanitation 1,820,600 3,000 5,400 1,818,200
)
Recreation 4,475,800 3,482,900 817,900 7,140,800 Cemetaries 48,500 41,800 8,100 82,200 j Construction in Progress 3,885,800 6,925,200 - 10,811,000 Total General Fixed Assets $21,741,200 $12,256,300 $1,078,500 $32,919,000 69 i
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STATISTICAL SECTION Statistical schedules differ from financial statements because they usually cover more than one fiscal year and may present non-accounting data. These schedules reflect social and econorr.!c data, and financial trends of the government.
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CITY OF TALLAHASSEE, FLORIDA COMMENTS ON THE STATISTICAL SECTION September 30,1982 The following statistical tables recommended by the National Council on Governmental Accounting are not included for the reasons stated below:
a) Tables which concern general obligation debt are omitted because the City has no general obligation debt. The City does have general revenue bonds which are not general obligation debt and these corresponding tables are included.
b) Ten year debt services coverage schedules for enterprise revenue bonds have not been prepared. Due to refundings of the majority of outstanding City bonds in 1977 and the amount of additional bonds issued since that year, they would be confusing to the reader.
The City enjoys high bond ratings and its coverage has been adequate to sustain these ratings. In several cases, its ratings have increased.
Additional schedules which are felt to be useful to various users, principally investors, underwriters and rating agencies have been included in this section.
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CITY OF TALLAHASSEE, FLORIDA GENERAL GOVERNMENT EXPENDITURES BY FUNCTION Last Ten Fiscal Years Streets Culture l Fiscal Total General Public snd and Transfer to l Year Expenditures Government Safety Hi]1 ways Sanitation Recreation Health Welfare 03er Funds ,
1973 $11.127.900 $ 2.519,900 $4.338,000 $ 801,500 $1,824,800 $1,412,700 $190,600 ' S 40,400 $ -
1974 15.030,500 3,088,000 4,650,000 1,048,300 1,746,000 1,342,500 255,600 45,900 2,854,200 1975 16.089,600 3,305.200 5,435,700 730,200 1,785,100 1.556.200 230,900 47,500 2,998,900 1976 17,312,300 3,722,400 5,698 600 1,177,300 2,114,000 1.560,100 442,000 105,600 2,492,200 1
1977 19,369,500 4,700,000 6,206.000 1,202,200 2,284,200 1,620,000 585,800 134.800 2,636,500 1978 21,321,800 9,006.300 6,278,900 1,105,700 2,179,100 1,722,700 501,300 199,500 3,328,300 1979 24,932,400 10.485,400 7,362,800 1,412,000 2,712,900 1,866,300 572,500 257,700 262,800 1980 27,185,000 8,341,200 8,354.700 1,602,900 2,762.800 2,196,900 669,300 307,200 2,950,000 1981 35,126.100 10.191,900 9.688.900 1,884,700 2.920,800 2,465,600 840,700 401,700 6,731,800 1982 36,452,200 5,711,700 10,803,700 2,202,500 3,314,400 3,205,200 1,052,700 420 300 9,741,700 NOTE - The schedule above includes only those expenditures recorded in the General Fund.
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. _ _ _ - ~ . _ _ . - _ _ _ _ _ _ _ _ _ . -
CITY OF TALLAHASSEE, FLORIDA GENERAL REVENUES BY SOURCE Last Ten Fiscal Years Licenses Fines Charges Intergov- MisceL Total and and for ernmental Transfers laneous Year Revenue Taxes Permits Forfeits Services Interest Revenues in Revenues
$11,232,100 $2,630,200 $582,500 $286,500 $2,046,000 $29,700 $1,956,300 $3,630,100 $70,600 1973 1974 15,062.100 4,422,000 685,200 294,700 2,023,800 100 2,442,900 5,013,600 179,700 16,453,800 5,640,600 607,500 184,700 2,471,200 300 4,087,200 3,348,800 113,500 1975 1978 17,552,100 6,174,000 602,200 240,200 2,270,000 - 3,909,200 4,253,100 103,300 23,177,600 5,468,700 652,600 297.700 2,462,800 200 4,599.600 9,489,400 206,600 1977 23,025.700 5,664,800 653,200 259,400 2,397.100 184.200 5.237,200 8,337,700 292,100 1978 24,723,000 5,950,400 783,600 293,600 2,401,600 341,100 6.283,400 8,160,000 509,300 1979 27,322,000 6,569,600 895,000 287,600 2,652,800 648,100 5,941,700 10,175,000 152,200 1980 34,904,400 7.325,000 981.100 249,600 2,826,100 843,500 6,031,800 16,500,000 147,300 1981 36,588,200 8,210,400 1,050,300 274,200 2.919,000 517,400 5,947,100 17,563,300 106,500 1982 WOTE - The schedule above includes only those revenues recorded in the General Fund.
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CITY OF TALLAHASSEE, FLORIDA TAX REVENUE BY SOURCE Last Ten Fiscal Years Additional General Homestead Fiscal Total Property Telephone Utility Exemption Cigarette Gasoline Year Taxes Taxes Taxes Taxes for Elderly Tax Taxes 1973 $2,630,200 $1,362,200 $- $ 993,900 $- $232,700 $41,400 1974 4,422,000 1,488,000 -
2,507,900 -
426,000 -
1975 5,640,600 2,399,600 536,000 2,356,700 30,300 318,100 -
1976 6,174,000 2,488,300 619,100 2,747,500 37,800 281,200 -
1977 5,468,700 2,528,800 626,300 1,990,000 34,700 288,900 -
1978 5,664,800 2,605,800 702,000 2,034,700 44,100 278,200 -
1979 5,950,400 2,664,900 767,000 2,160,500 72,100 285,900 -
1980 6,569,600 2,992,300 813,700 2,388,300 75,600 299,700 -
1981 7,325,000 3,087,700 848,400 2,996,100 74,700 318,100 -
1982 8,210,400 3,458,200 902,300 3,499,200 30,400 320,300 -
MOTE - The schedule above includes only those tax revenues recorded in the General Fund.
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i CITY OF TALLAHASSEE, FLORIDA
! PROPERTY TAX LEVIES AND COLLECTIONS Last Ten Fiscal Years Total Taxable Fiscal Assessed Assessed Tax Percent Year Valuation Valuation Levy Collection (1) 1973 (2) $1,078,178,700 $ 438,977,100 $1,536,400 $1,488,000 97 1974 (2) 1,561,689,100 714,037,900 2,499,100 2,399,600 96 1975 (2) 1,654,962,000 729,603,400 2,553,600 2,488,300 97 1976 1,487,121,900 745,149,800 2,608,000 2,528,800 9?
1977 1,619,802,000 767,861,000 2,687,500 2,605,800 97 1978 1,707,374,200 835,812,600 2,757,900 2,664,900 97 1979 1,812,233,400 877,107,600 3,069,900 2,971,800 96 1980 2,234,694,600 1,133,300,400 3,168,700 3,061,400 96 1981 2,673,105,800 1,358,118,400 3,550,100 3,458,200 97 1982 2,782,858,100 1,418,980,300 3,706,400 In-Process N/A (1) Florida Statutes provide for a discount of up to four percent for early payment of ad valorem taxes. All unpaid taxes become delinquent on April 1, and are sold at auction on June 1 of each year as tax certificates. The City, af ter all tax certificates are sold, has fully collected all ad valorem tax revenues.
(2) The reports received from Leon County Property Appraisers Office included a value of approximately $190 million outside the corporate City limits of Ta"a 'assee. (Both the original and the revised figures were supplied by the Leon County Tax App ;,sers Office).
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I CITY OF TALLAHASSEE, FLORIDA ASSESSED AND ESTIMATED ACTUAL VALUE CF TAXABLE PROPERTY Last Ten Fiscal Years Real Property Personal Property Centrally Assessed Totals Estimated Estimated Fiscal Assessed Estimated Estimated Ratio of Total Actual Assessed Actual Assessed Actual Year Value Assessed Actual Assessed to Total Value Value Value Value Value Value Value Estimated Actual Value 1973
$ 364,675,100 $ 846.817,800 $ 73,314.500 $230,373,500 $ 987,500 $ 987,500 $ 438,977,100 $1,078,178,800 40.7 %
l 1974 618,273,000 1.262.842,200 94,784,700 297,866,700 980.200 980,200 714,037,900 1,561,689,100 45.7 %
1975 622,431,700 1,323,518,900 106,185,900 330,457,200 985,900 985,900 729,603,500 1,654,962,000 44.1 %
1976 630,408,400 1,147,589,600 113,772,700 338,563,500 968.800 968,800 745,149,900 1,487,121,900 50.1 %
y 1977 646,843.800 1,323,381,600 119,759,800 295,163.000 1,257,400 1,257,400 767,861,000 1,619,802,000 47.4 %
1978 662,601,800 1,395,453,100 124,145,300 310,688,500 1,232,600 1,232,600 787,979,700 1,707,374.200 46.2 %
1979 736,387,700 1,475,325,700 139,453,000 335,640,800 1,266,900 1,266,900 877,107,600 1,812,233,400 48.4 %
1980 977,298,600 1,871,964,200 154,777,400 361,506.000 1,224,400 1,224,400 1,133,300,400 2,234,694,600 50.7 %
1981 1,181,643,100 2,208,638,800 175,217,100 463,208,800 1,258,200 1,258,200 1.358,118,400 2,673,105,800 50.8 %
1982 1,232,431,300 2,380,150,300 185,611,000 401,769,800 938,000 938,000 1,418,980,300 2,782,858.100 50.9 %
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CITY OF TALLAHASSEE, FLORIDA ASSESSED VALUATIONS, MILLAGE AND TAXES LEVIED AND COLLECTED Last Ten Fiscal Years 1973 1974 1975 1976 1977 1978 1979 '980 1981 1982 TOTAL VALUATIONS $1.078.178.700 $1.516.689.100 $1.654 962.000 11.487.121.900 $1.619 802.000 $1.707174.200 $1.812.233 400 $2.234.694 600 $2M3.105 800 $2.782.858.100 REAL ESTATE EXEMPTIONS Agncultursi Adiustment - - -
78.500 78.500 78.500 153.700 233.700 1.327.300 2.792.100 Goverrwnent Enemption 230.949.500 305.046.600 465.122.800 319 920,'00 280.253 100 286.440.100 335.825.300 372.483.000 487.684.500 539.481.300 institutionel Esempt.on 349.963.000 483.917.200 362.158.400 325 600.t(A 470.096.100 471.70s.100 475.200.600 497.469.200 509.079.900 515.811.200 tr@viduct or Homestead Esimptiont 56.200.800 56.584.000 65.380.200 65.971.500 69.502.100 70.603.200 71.387.300 168.271.600 242.145 700 302.146.300 Other Cheritable Exemptions 2.089.130 2.103.400 2.475.900 2.669.100 2.806.100 2.393.600 2.568.900 2.406.300 2.916,100 36 6.900 PERSONAL PROPERTY ADJUSTMENT Deftstence Between inventory at Aveea9e Rsts and 25% of Vslue (10% for 197S1981) - - 30.221.300 27.732.100 29 205.100 40.345,100 49 990.000 60.530.300 71.833.900 -
TOTAL EXEMPTION AND ADJUSTMENTS 639.202.400 847.651.200 925.358 600 741.972.100 851.941.000 871.561.600 935.125.800 1.101.394 100 1.314.987.400 1.363 877.800 TAXABLE VALUATION $ 438 976.300 $ 7'4.037.900 $ 729 6Ps 400 $ 745.149.800 $ 767.861.000 $ 835.812.600 $ 877.107.600 $1.133.300.500 $1.358.118.400 $1.418 980.300 MILWE LEVIED 3 50 3 50 3 50 3 50 3 50 3 50 3 50 2 796 2 614 2 612 TOTAL TAXES LEVIED $ 1.536,400 $ 2.499.100 $ 2.553.600 $ 2,608 000 $ 2.687.500 $ 2.925.300 $ 3.069.900 $ 3.168.700 $ 3.550.100 $ 3.706 400 Less. Adiostment and Discounts 50 800 - 43.900 53.700 74.800 78.700 94.700 88.100 80.200 in Process Nst ianes tevied $ 1.485 600 $ 2.499.100 $ 2.509.700 $ 2.554.300 $ 2 612.700 $ 2.679 200 $ 2.975.200 $ 3.G82,600 $ 3.469 900 in Process NET COLLECTEDit ) $ 1 478 000 $ 2.399 600 $ 2.448 300 $ 2.528.800 $ 2.605.800 $ 2.664 900 1 2.971.800 $ 3.061.400 $ 3 458.200 in Process (1) F Lorida Statutes provee for a discount of up 10 four percent for earty payment of ad waWem tases All unpaid tares become de4nquent on April 1 and are sold at auction on June 1 of each year as las certificates The City. after all tan certificates are seed. Das fully conected all ad vacrem tan revenues 77
CITY OF TALLAHASSEE, FLORIDA PROPERTY TAX RATES - ALL OVERLAPPING GOVERNMENTS Last Ten Fiscal Years City of Tallahassee County School Board Leon County N.W. Water Fiscal Debt Debt Debt Management Year Operating Service Operating Service Operating Service District Total 1973 3.50 0 10.000 1.650 7.250 0 0 22.400 1974 3.50 0 7.800 0.000 4.250 0 0 15.550 1975 3.50 0 7.970 0.500 4.330 0 0 16.300 1976 3.50 0 8.000 0.500 4.400 0 0 16.400 1977 3.50 0 8.000 0.730 E500 0 0.050 17.780 1978 3.50 0 8.000 0.720 5.640 0 0.050 17.910 1979 3.50 0 6.750 0.634 3.640 0 0.050 14.574 1980 2.796 0 6.159 0.551 4.846 0 0.050 14.402 1981 2.614 0 8.112 0.386 5.359 0 0.050 16.521 1982 2.612 0 7.473 0.393 5.167 0 0.050 15.695 78 l
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I CITY OF TALLAHASSEE, FLORIDA SPECIAL ASSESSMENT COLLECTIONS Last Ten Fiscal Years Total Total Assessments Ratio of Outstanding l Due - Current Collections Assessments l Fiscal Beginning of Assessments To Amount End of Year Fiscal Year Collected Due Fiscal Year j 1973 $ 195,100 $109,100 55.92 % $ 173,500 1974 173,500 85,500 49.31 % 183,500 l 183,500 62,800 34.23 % 176,700 i 1975 1976 176,700 35,900 20.29 % 151,300 1977 151,300 56,600 37.41 % 221,000 1978 221,000 55,500 25.12 % 156,900 1979 156,900 31,700 20.20 % 125,300 1980 125,300 25,100 20.06 % 1,014,000 1981 1,014,000 117,000 11.54 % 1,057,700 1982 1,057,700 150,800 14.26 % 906,900 The Charter of the City of Tallahassee allows the City Commission to assess the costs of street ppving and sidewalks construction to the adjacent owners. Normally, this is collected in equal l principal installments over a ten-year period with interest computed at eight percent. This
( assessment const tutes a lien against the property which can be foreclosed upon default.
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CITY OF TALLAHASSEE, FLORIDA COMPUTATION OF LEGAL DEBT MARGIN September 30,1982 TAXABLE ASSESSED VALUE $1,418,980,33 Debt Limit 20 Fercent of Assessed Value $ 283,796,100 Amount of Debt Applicable to Debt Limit:
Total Bonded Debt $ -
Other Debt -
Less: Assets in Debt Service Funds -
Other Deductions Allowed by Law - -
Legal Debt Margin $ 283,796,100 The City of Tallahassee has no general obligation debt outstanding; the amount of general obligation debt the City can issue is limited by City Charter.
i 80
CITY OF TALLAHASSEE, FLORIDA COMPUTATION OF DIRECT AND OVERLAPPING DEBT September 30,1982 DIRECT DEBT City Tax Supported Ad Valoiem Debt $ -
Non Self-Supporting Revenue Debt:
Capital Bonds, Series 1978 (Dated 6-15-78) $ 38,800,000 Capital Bonds, Series 1981 Anticipation Notes (Dated 4/1/81) 20,000,000 Less: Sinking and Reserve Funds (8.238,900) $ 50,561,100 Total Non Self-supporting Revenue Debt 50,561,100 Self-Supporting Revenue Debt:
Electric Revenue Bonds, Series 1977 (Dated 3/1/77) 117,000,000 Electric Revenue Bonds, Series 1981 Anticipation Notes (Dated 4/1/81) 3,000,000 Less: Sinking and Reserve Funds (10,800,400) 109,199,600 Water and Sewer Revenue Bonds (Dated 5/1/64) 500,000 Gas Revenue Bonds, Series A, B, and C (Dated 1/1/55-56-57) 385,000 Municipal Utility Revenue Bonds (Dated 10/1/70-79) 20,775,000 Less: Sinking and Reserve Fund (2,163,700) 19,496,300 Total Self-Supporting Revenue Debt 128,695,900 Total Direct Debt 179,257,000 OVERLAPPING Tax Supported Ad Valorem Debt Spacial Tax School District No.1 School Bonds (Dated 2/1/64-10/1/68) 3,975,000 Less: Sinking and Reserve Funds (740,000) 3,235,000 Non Self-Supporting Revenue Debt:
Leon County Capital Improvement Series 1976-77 Revenue Bonds Civic Center (Dated 10/1/76) 7,065,000 Less: Sinking and Reserve Funds (596,200) 6,468,800 Leon County Capital improvement Series 1977 Revenue Bonds Land Fill (Dated 7/1/78) 1,585.000 Less: Sinking and Reserve Funds (261.900) 1.323,100 Total Overlapping Debt $ 11.026,900 CITY SHARE OF NET OVERLAPPING DEBTO) 6,726,400 TOTAL CITY DIRECT AND OVERLAPPING DEBT $185.983,400 (1) City share calculated based on 1981 County Taxable Valuation of $2,300,130,000 and City Taxable Valuation of $1,418,980,300: percent overlapping 61%
81
CITY OF TALLAHASSEE, FLORIDA SCHEDULE OF GENERAL REVENUE BOND COVERAGE Last Ten Fiscal Years P.ercent of Debt Service Fiscal Gross Debt Service Requirements Coverage to General Year Revenue Expenditures Principal Interestm Total Ratio Expenditures 1973 $11,232,100 $11,127,900 $ 186,900 $ 253,200 $ 440,100 25.5 4.0 1974 15.062,100 15,030,500m 186,900 997,300 1,184,200 12.7 7.9 1975 16,453,800 16.089,600 495 700 1,481,900 1,977,600 8.3 12.3 1976 17,552,100 ,
17,312,300 539,400 1,464,600 2,004,000 8.8 11.6 1977 23,177,600 19,369,500(2) 596,100 1,440,300 2,036,400 11.4 10.5 1978 23,025,700 24,321,3000) 955,0006) 910,000 1,865,000 12.3 7.7 1979 24,723,000 24,932,400 920,000 2,208,600 3,128,600(6) 7.9 12.55) 1980 27,322,000 27,185,000 3,175,000 2,488,300 5,663,300 4.8 11.65) 1981 34,904,400 35,126,100 3,260,000 3,325,400 6,585,500$X7) 5.3 8.55X7) 1982 36,588,200 36,452,200 814,800 4,195,600 5,010,400m 7.3 6.7(7)
(1) The City consolidated many of its Special Revenue Funds into the General Fund beginning in 1974. Revenues and expenditures within these funds were not included as part of the General Fund. Expenditures within these Special Revenue Funds during 1973 amounted to over $1,800,000.
(2) By City Commission action, the City of Tallahassee created a Reserve for Deficiencies and Emergencies in the amount of $2,006.300.
(3) At the end of fiscal year 1977-78, the City Commission authorized transfers to other funds in the amount of
$3,078,000 for the creation of reserve to further strengthen the City's financial position. This amount included
$250,000 for the insurance Reserm Fund, $1,927,000 to fund permanent inventories for the Warehouse, Garage, and Purchasing Funds, $15,000 for working capital of the Stadium Operation and Maintenance Fund and $886,000 for Fleet Management. If these transfers had not been made, the General Fund would have had an excess of revenues over experditures of $1,781,900.
(4) Interest expenses reflect only that which was paid from current revenues and does not include any capitalized interest.
(5) The City advance refunded all of its outstanding General City Debt using the invested Sinking Fund technique.
Some of the principal payments shown actually reflect the purchase of direct U.S. Government Obligations which are irrevocably pledged and held by a trustee for the payment of principal.
(6) On March 1979 the City so.d $2,500,000'of Capital Bonds, Series 1979, Anticipation Notes to mature April 1,1980 '
at 6% On March 28,1980 the City issued $2,500,000 of Capital Bonds, Series 1979, Renewal Anticipation Notes to mature Octot'er 1,1981 at 9% The proceeds of the Renewal Notes were used to retire the 1979 Notes at maturity. The City has subsequently set aside from other available funds, monies sufficient to retire the Renewal Notes at maturity. The retirement of the 1979 Notes and the Renewal Notes are not reflected in " Percentage of Debt Service to General Expenditures."
(7) On May 26,1981 the City sold $20,000,000 of Capital Bonds, Series 1981, Anticipation Notes to mature April 1, 1983 at 8.75% Simultaneous with the sale the City escrowed a sum sufficient to pay all principal and interest due on the 1979 Renewal Notes due October 1,1981. The debt service on the 1979 Renewal Notes and the 1981 Notes are not reflected in " Percentage of Debt Service to General Expenditures" 02
CITY OF TALLAHASSEE, FLORIDA CONSTRUCTION, BANK DEPOSITS AND PROPERTY VALUES Last Ten Fiscal Years Commercial Residential Construction (1) Bank Deposits (2) Property Value (3)
Construction (1)
Number Number Commercial Savings &
of Units Value Banks Loan Assn. Commercial Residential Agricultural Non-Taxable Year of Units Value 1972 80 17,393,100 2,586 33,397,300 249,527,200 113,573,700 Not Available Not Available Not Available Not Available 1973 38 1,640,500 1,673 17,052,900 319,880,100 131,746,200 Not Available Not Available Not Available Not Available 1974 30 2,175,800 587 7,926,100 300 959,000 151,468,200 Not Available Not Available Not Available Not Available 3,981,500 207 5,389,900 319,959,100 201,200,800 382,496,500 478,623,900 165,400 279,557,700 1975 19 2,922,700 371 7,948,400 342,132,600 245,644,300 387,396,300 480,470,100 165,400 279,557,700 1976 35 36 6,498.300 663 11,370,100 361,642,900 294,281,000 395,831,300 488,698,200 165,400 438,686,600 1977 1978 24 1,616,100 626 9,424,700 487,031,900 331,357,500 395,751,700 F41,096,900 165,400 458,439,100
$ 1979 31 4,738,400 689 12,194,200 425,285,800 359,790,000 402,684,500 592,536,000 245,300 479,859,900 1980 25 6,929,100 719 18,228,600 472,875,600 383,033,700 462,128,800 875,258,700 333,500 534,243,300 1981 83 13,685,100 1129 27,005,800 497,860,900 365,516,800 478,761,700 881,362,000 401,300 592,628,600 (1) Source: Tallahassee Leon County Planning Department (2) Source: Tallahassee Business Barometer - Ta!!ahassee Chamber of Commerce (3) Source: Leon County Property Appraiser - Estimated Actual Value Information for the years 1972-1974 is not available according to the Leon County Property Appraiser's Office.
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l 1
CITY OF TALLAHASSEE, FLORIDA
SUMMARY
OF DEBT SERVICE REQUIREMENTS CAPITAL BONDS - SERIES 1978 September 30,1982 Principal invested Invested Amount of Sinking Sinking Net Sinking Fund Fund Payment Coupon Fund Principal Interest Purchases Earnings Due Rate % Purchases 11-15-82 $ -
$1,220,920 $370,891 $154,547 $1,437,264 -
$380,000 5-15-83 -
1,220,920 419,762 169,509 1,471,173 -
430,000 11-15-83 -
1,220,920 444,239 186,441 1,478,718 -
455,000 5-15-84 -
1,220,920 463,847 204,356 1,480,411 -
475,000 11-15-84 -
1,220,920 478,578 223,059 1,476,439 -
490,000 5-15-85 -
1,220,920 507,872 242,353 1,486,439 -
520,000 11-15-85 -
1,220,920 517,842 262,828 1,475,934 -
530,000 5-15-86 -
1,220,920 547,266 283,697 1,484,489 -
560,000 11-15-86 -
1,220,920 566,927 305,747 1,482,100 -
580,000 5-15-87 -
1,220,920 591,490 328,584 1,483,826 -
605,000 11-15-87 -
1,220,920 606,292 352,406 1,474,806 -
620,000 5-15-88 -
1,220,920 640,069 376,819 1,484,770 -
655,000 11-15-88 -
1,220,920 660,393 402,609 1,478,704 -
675,000 5-15-89 -
1,220,920 689,920 429,188 1,481,652 -
705,000 11-15-89 -
1,220,920 714,575 456,947 1,478,548 -
730,000 5-15-90 -
1,220,920 744,146 485,691 1,479,375 -
760,000 11-15-90 -
1,220,920 788,433 515,616 1,493,737 -
805,000 5-15-91 -
1,220,920 818,058 547,313 1,491,665 -
835,000 11-15-91 -
1,220,920 842,809 580,191 1,483,538 -
860,000 5-15-92 -
1,220,920 882,297 614,053 1,489,164 -
900,000 11-15-92 -
1,220,920 907,111 649,491 1,478,540 -
925,000 5-15-93 -
1,220,920 873,090 685,913 1,408,097 -
890,000 11-15-93 1,000,000 1,220,920 -
720,956 1,499,964 5.80 -
5-15-94 1,055,000 1,191,920 -
720,956 1,525,964 5.90 -
11-15-94 995,000 1,160,797 -
720,956 1,434,841 5.90 -
5-15-95 1,090,000 1,131,445 720,956 1,500,489 6.00 11-15-95 1,125,000 1,098,745 -
720,956 1,502,789 6.00 -
5-15-96 1,165,000 1,064.995 720,956 1,509,039 6.10 11-15-96 1,200,000 1,029,462 -
720,956 1,508,506 6.10 -
5-15-97 1,240,000 992,862 -
720,956 1,511,906 6.20 -
11-15-97 1,280,000 954,422 -
720,956 1,513,466 6.20 -
5-15-98 1,325,000 914,742 -
720,956 1,518,786 0.30 -
11-15-98 1,360,000 873,005 -
720,956 1,512,049 6.30 -
(Continued on Next Page) 84
CITY OF TALLAHASSEE, FLORIDA
SUMMARY
OF DEBT SERVICE REQUIREMENTS CAPITAL BONDS - SERIES 1978 September 30,1982 (Continued)
Drincipal invested Invested Amoun, Of Sinking Sinking Net Sinking Fund Fund Payment Coupon Fund Principal Interest Purchases Earnings Due Rate % Purchases 5-15-99 $ 1,405,000 $ 830,165 $ -
$ 720,956 $ 1,514,209 6.35 -
11-15-99 1,455,000 785,556 - 720,956 1,519,600 6.35 -
5-15-00 1,510,000 739,360 - 720,956 1,528,404 6.40 -
11-15-00 1,555,000 691,040 -
720,956 1,525,084 6.40 -
5-15-01 555,000 641,280 - 720,956 475,324 6.40 -
11-15-01 580,000 623,520 - 720,956 482,564 6.40 -
5-15-02 1,330,000 604,960 - 7.20,956 1,214,004 6.40 -
11-15-02 - 562,400 - 720,956 (158,556) - -
5-15-03 -
562,400 - 720,956 (158,556) - -
11-15-03 -
562,400 - 720,956 (158,556) - -
5-15-04 - 562,400 - 720,956 (158,556) - -
11-15-04 - 562,400 - 720,956 (158,556) - -
5-15-05 -
662,400 - 720,956 (158,556) - -
11-15-05 - 562,400 - 720,956 (158,556) - -
5-15-06 - 562,400 - 720,956 (158,556) - -
11-15-06 -
562,400 - 720,956 (158,556) - -
5-15-07 - 562,400 - 720,956 (158,556) - -
11-15-07 17,575,000 562.400 - 720,956 17,416,444 6.40 -
TOTALS $38,800,000 $49,595,836 $14,076.507 $29,365,052 $73,107,291 $14,385,000 Bonds Dated: June 15,1978 Original issue Amount: $38,800,000 Principal Due: June 15 and November 15 of each year beginning November 15,1993 Interest Due: June 15 and November 15 of each year beginning November 15,1978 Paying Agent: Industrial National Bank of Rhode Island Bonds Maturing Call Premium
, November 15,1988 to November 14,1989 Two Percent November 15,1989 to November 14,1990 One and One-half Percent November 15,1990 to November 14,1991 One Percent November 15,1991 to November 14,1992 One-half of One Percent November 15,1992 and Thereafter Par Security: The Bonds are secured and payable by an irrevocable first or prior lien on certain revenues of current services, State Revenue Sharing,10% Utility Tax, and " Uncommitted Revenues" of the City's Electric, Water, Gas and Sewer System.
Bond Ratings: Moody's A1, Standard & Poor's A Note: On May 15,1978, the City refunded all of its outstanding Capital Revenue Bonds ($31,050,000) and the outstanding Municipal Hospital Utility Tax Bonds ($2,706,000) and acquired $5,718,000 in new construction funds. This was accomplished by using the Invested Sinking Fund technique through advanced refunding.
85
CITY OF TALLAHASSEE, FLORIDA
SUMMARY
OF DEBT SERVICE REQUIREMENTS ELECTRIC REVENUE BONDS SERIES 1977 September 30,1982 Fiscal Year Coupon Ending Pnncipal interest Total Rate %
1983 $ 4,210,000 $ 6,590,423 $ 10,800,423 4.50 1984 4,395,000 6,400,972 10,795,972 4.65 1985 4,600,000 6,196,605 10,796,605 4.80 1986 4,820,000 5,975,805 10,795,805 4.90 1987 4,265,000 5,739,625 10,004,625 5.00 l
1988 4,490,000 5.526,375 10,016,375 5.15 1989 4,720,000 5,295,140 10,015,140 5.30 1990 4,970,000 5,044,980 10,014,980 5.40 1991 5,235,000 4,776,600 10.011,600 5.50 1992 5,525,000 4,488,675 10,013,675 5.60 1993 5,830,000 4,179,275 10,009,275 5.80 1994 6,165,000 3,841,135 10,00S,135 5.80 1 1995 6,565,000 3,483,565 10,048,565 5.80 1996 3,445,000 3,102,795 6,547,795 5.80 1997 3,560,000 2,902,985 6,462,985 5.80 1998 3,840,000 2,696,505 6,536,505 6.10 1999 4,070,000 2,462,265 6,532,265 6.10 2000 4,315,000 2,213,995 6,528,995 6.10 2001 4,570,000 1_,950,780 6,520,780 6.10 j 2002 4,850,000 1,672,010 6,522,010 6.10 2003 5,150,000 1,376,160 6,526,160 6.10 l 2004 5,460,000 1,062,010 6,522.010 6.10 2005 5,795,000 728,950 6,523,950 6.10 2006 6,155,000 375,455 6.530,455 6.10 TOTALS $117,000,000 $ 88,083,085 $205,083,085 Bond Dated: March 1,1977 Original issue Amount: $134.95,000 (Refunded $129,245,000 Outstanding bonds of various issues and provided $7,200,000 of new money).
Principal Due: October 1, beginning 1978 Interest Due: April 1 and October 1 of each year, beginning October 1,1977 Paying Agent: Chemical Bank, New York Bonds Maturing Call Premium October 1,1987 to September 30,1988 Three Percent October 1,1988 to September 30,1990 Two and One Half Percent f October 1,1990 to September 30,1992 Two Percent 1 October 1,1992 to September 30,1994 One and One Half Percent October 1,1994 to September 30,1996 One Percent October 1,1996 to September 30,1998 One Half of One Percent October 1,1998 and thereaf ter Par Security: The Bonds are secured and payable from a first lien upon and pledge of the net revenues of the Municipal Electric System.
Ratings: Moody's A1, Standard and Poor's AA 86 l . _ _ _ _ - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ .
CITY OF TALLAHASSEE, FLORIDA
SUMMARY
OF DEBT SERVICE REQUIREMENTS MUNICIPAL GAS REVENUE BONDS SERIES A September 30,1982 Fiscal Year Coupon Ending Principal Interest Rate %
1983 50,000 4,387 3.25 1984 55,000 2,681 3.25 1985 55,000 894 3.25 TOTALS $160,000 $7,962 Bond Dated: January 1,1955 Original Issue Amount: $1,000,000 Principal Due: January 1, beginning 1957 Interest Due: January 1 and July 1 of each year, beginning July 1,1955 Paying Agent: Chemical Bank, New York Bonds Maturing Call Premium January 1,1980 and thereafter Par Security: The Bonds are secured and payable, on a parity with the outstanding Municipal Gas Revenue Bonds, Series B and C, from a first lien upon the net revenues of the Municipal Gas System.
Bond Rating: Moody's NR, Standard and Poor's A 87
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l CITY OF TALLAHASSEE, FLORIDA
SUMMARY
OF DEBT SERVICE REQUIREMENTS j MUNICIPAL GAS REVENUE BONDS SERIES B September 30,1982 i l Fiscal Year Coupon Ending Principal Interest Rate %
1983 25,000 3,218 3.75 1984 25,000 2,344 3.75 ;
1985 25,000 1,405 3.75 !
! 1986 25,000 469 -
TOTALS $100,000 $7,436 I
Bond Dated: January 1,1956 i
Original issue Amount: $500,000 i Principal Due: January 1, beginning 1958 Interest Due: January 1 and July 1 of each year, beginning July 1,1956 Paying Agent: Chemical Bank, New York Bonds Maturing Call Premium January 1,1980 and thereafter Par Security: The Bonds are secured and payable, on a parity with the outstanding Municipal Gas Revenue Bonds, Series A and C, from a first lien upon the net revenues of the Municipal Gas System.
Bond Rating: Moody's NR, Standard and Poor's A 4
88
CITY OF TALLAHASSEE, FLORIDA
SUMMARY
OF DEBT SERVICE REQUIREMENTS MUNICIPAL GAS REVENUE BONDS SERIES C September 30,1982 Fiscal Year Coupon Ending Principal Interest Rate %
1983 25,000 4,050 3.60 1984 25,000 3,150 3.60 1985 25,000 2,250 3.60 1986 25,000 1,350 3.60 1987 25,000 450 3.60 TOTALS $125,000 $11,250 Bond Dated: January 1,1957 Original issue Amount: $500,000 Principal Due: January 1, beginning 1959 Interest Due: January 1 and July 1 of each year, beginning July 1,1959 Paying Agent Chemical Bank, New York Bonds Maturing Call Premium January 1,1980 and thereaf ter Par Security: The Bonds are secured and payable, on a parity with the outstanding Municipal Gas Revenue Bonds, Series A and B, from a first lien upon the net revenues of the Monicipal Gas System.
Bond Rating: Moody's NR, Standard and Poor's A 89
CITY OF TALLAHASSEE, FLORIDA
SUMMARY
OF DEBT SERVICE REQUIREMENTS '
MUNICIPAL WATER AND SEWERAGE REVENUE BONDS SERIES 1964 September 30,1982 Fiscal Year Coupon Ending Principal interest Rate %
1983 100,000 11,000 3.60 1984 100,000 7,400 3.60 1985 100,000 3,800 3.60 1986 100,000 200 0.10 1987 ____100,000 100 0.10 TOTALS $500,000 522.500 Bond Dated: May 1,1964 Original issue Amount: $1,700,000 Principal Due: May 1, beginning 1966 Interest Due: May 1 and November 1 of each year, beginning May 1,1964 Paying Agent: Chemical Bank, New York Bonds Maturing Call Premium May 1,1980 and thereafter Par Security: The Bonds are secured and payable, from a first lien upon the net revenues of the Water and Sewerage System.
Bond Rating: Moody's A1, Standard and Poor's AA 90
CITY OF TALLAHASSEE, FLORIDA
SUMMARY
OF DEBT SERVICE REQUIREMENTS MUNICIPAL UTILITY REVENUE BONDS SERIES 1970 September 30,1982 Fiscal Year Coupon Ending Principal Interest Total Rate %
1983 $ 150,000 $ 369,975 $ 519,975 6.10 1984 175,000 360,825 535,825 6.10 1985 200,000 350,150 550,150 6.10 1986 275,000 337,950 612,950 6.10 1987 300,000 221,175 621,175 6.10 1988 450,000 302,875 752,875 6.10 1989 475,000 275,425 750,425 6.00 1990 500,000 246,925 746,925 5.90 1991 550,000 217,425 767,425 5.95 1992 600,000 184,700 784,700 6.00 1993 650,000 148,700 798,700 6.00 1994 650,000 109,700 759,700 6.00 1995 700,000 70,700 770,700 6.00 1996 700,000 28,700 728,700 4.10 TOTAL S $6,3 /5.000 $3,325,275 $9,700,225 Bond Dated: October 1,1970 Originai Issue Amount: 57,300,000 Principal Due: October 1, beginning 1972 Interest Due: April 1 and October 1 of each year, beginning October 1,1972 Paying Agent: Chemical Bank, New York Bonds Maturing Call Premium October 1,1986 - September 30,1989 Three Percent October 1,1989 - September 30,1992 Two Percent October 1,1992 and therea'!er prior to maturity One Percent Security: The Bonds are secured and payable, on a parity with the Outstanding Municipal Utility Revenue Bonds, Series 1970-A and 1979, as subordinate as to lien on and security for payment to the outstanding Municipal Gas Revenue Bonds and outstanding Municipal Water and Sewerage Revenue Bonds, from the net revenues of the Municipal Gas, Water and Sewerage Systems.
Bond Ratings: Moody's A1, Standard and Poor's A+
91
CITY OF TALLAHASSEE, FLORIDA
SUMMARY
OF DEBT SERVICE REQUIREMENTS MUNICIPAL UTILITY REVENUE BONDS SERIES 1970 A j September 30,1982 ;
j Fiscal Year Coupon ErJd Principal interest Rate %
- 1983 $ 150,000 $ 147,650 4.5 j 1984 150,000 140,900 4.65
! 1985 150,000 133,925 4.80 f 1986 150,000 126,725 4.95 1 1987 175,000 119.300 5.1 ,
i 1988 175,000 110,375 5.2 l
- 1989 200,000 101,275 5.3 1990 200,000 90,675 5.4 l
1991 200,000 79,875 5.5 1992 200,000 68,875 5.6 l 1993 200,000 57,675 5.7 1994 250,000 45,275 5.75
! 1995 250,000 31,900 5.8 1996 300,000 17,400 5.8 TOTALS $2,750,000 $1,272.825 Bond Dated: October 1,1970 Original issue Amount: $3,150,000 Principal Dve: October 1, beginning 1977 Interest Due: April 1 and October 1 of each year, beginning April 1,1977 Paying Agent: Chemical Bank, New York Bonds Maturing Call Premium October 1,1986 to April 1,1989 Three Percent I October 1,1989 to April 1,1992 Two Percent ;
October 1,1992 and thereaf ter prior to maturity One Percent Security: The Bonds are secured and payable, on a parity with the Outstanding Municipal Utility Revenue Bonds, Series 1970 and 1979, as subordinate as to lien on and security for payment to the outstanding ,
Municipal Gas Revenue Bonds and outstanding Municipal Water and Sewerage Revenue Bonds, from the /
net revenues of the Municipal Gas, Water and Sewerage Systems.
Bond Ratings: Moody's A1, Standard and Poor's A+
92
\ . - - _ _ - _ - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
CITY OF TALLAHASSEE, FLORIDA
SUMMARY
OF DEBT SERVICE REQUIREMENTS MUNICIPAL UTILITY REVENUE BONDS SERIES 1979 September 30,1982 Fiscal Year Coupon Ending Principal Interest Rate %
1983 $ 180,000 $ 689,540 6.25 1984 190,000 678,290 6.25 1985 200,000 666,415 6.25 1986 210,000 653,915 6.25 1987 225,000 640,790 6.25 1988 235,000 626,727 6.25 1989 250,000 612,040 5.50 1990 265,000 598,290 5.50 1991 280,000 583,715 5.50 1992 295,000 568,315 5.60 1993 315,000 551,795 5.60 1994 335,000 534,155 6.20 1995 355,000 513,385 5.75 1996 375,000 492,972 5.80 1997 1,405,000 471,223 5.85 1998 1,490,000 389,030 5.90 1999 1,580,000 301,120 5.90 2000 1,680,000 207,900 6.00 2001 1,785,000 107.100 6.00 TOTALS $11,650,000 $9,886,717 Bond Dated: April 1,1979 Original Issue Amount: $12,000,000 Principal Due: October 1, beginning 1981 Interest Due: April 1 and October 1, beginning April 1,1980 Paying Agent: Chemical Bank, New York Bonds Maturing Call Premium October 1,1989 to September 30,1991 Three Percent October 1,1991 to September 30,1994 Two Percent October 1,1994 to September 30,1998 One Percent October 1~,1998 and thereafter Par Security: The Bonds are secured and payable, on a parity with the Outstanding Municipal Utility Revenue Bonds, Series 1970 and 1970-A, and subordinate as to lien on and security for payment to the outstanding Municipal Gas Revenue Bonds and outstanding Municipal Water and Sewerage Revenue Bonds, from the net revenues of the Municipal Gas Water and Sewerage Systems.
Bond Ratings: Moody's A1, Standard and Poor's A+
93
i CITY OF TALLAHASSEE, FLORIDA PRINCIPAL TAXPAYERS September 30,1982 l
Assessed Valuation Percentage of Real Tangible Personal Total Assessed Taxpayer Property Property Total Valuation Central Telephone $ 4,951,300 $72,548,500 $ 77,499,800 5.5 %
Tallahassee Mall 15,883,600 10,500 15,894,100 1.1 Northwood Mall 11,443,600 -
11,443,600 .8 Governor's Square Mall 12,953,000 141,100 13,094,100 .9 1.B.M . -
10,122,400 10,122,400 .7 First Financial Corp. 8,952,300 926,200 9,078,500 .7 Taltrusco (Barnett Bank) 5,910,500 454,800 6,3t'5,300 .4 Holiday Inn 4,756,700 646,100 5,402,800 .4 Hilton Hotel 4,300,000 406,800 4,706,800 .3 Tallahassee Democrat 3,537,600 3,336,600 6,874,200 .5
$72,688,600 $88,593.000 $161,281,600 11.3 %
94
t CITY OF TALLAHASSEE, FLORIDA SCHEDULE OF INSURANCE IN FORCE September 30,1982 Estimated Policy Period Annual
- Nims of Company Policy Number From To Details of Coverage Liability Limit Premium
) i Home Indemnity GG994027-BA991204 10/1/80 10/1/83 Public Liability $500,000 $365,000 l
< i Hirtford Steamboiter AT 9424085-DO 10/1/80 10/1/83 Boiler and Machinery $20,000,000 193,800 I
V:nguard 81060001 TC 6/17/82 6/17/83 Public Offical Liability $1,000,000 11,600 7
Puritan insurance PS2064 10/1/80 10/1/83 Airport Liability $20,00G/K 0 16,300 j lows National Mutua PG-90127461 3/29182 3/29/83 At port-Plate Glass Replacement 1.100 i
Travsi rs BT-1-39660 10/1/80 10/1/83 Accidental Death-1 Firemen & Police $20,000 9 900
- National Union 7485906 10/1/80 10/1/83 Building and Equipment j Fire and windstorm Replacement 118.100 i
1 Allied SFC-544 701 10/1/81 10/1/82 Warehouse-fire $2,665,000 6,000 I
j American VP1020585 11/9/81 11/9/82 Valuable Papers-fire $100,000 100 Allied SFA-902-747 411 718 2 4/17/83 Water Tank-Windstorm $1,181,000 3,000 USF&G 33-0170-1052-74 7/1/82 7/1/83 Public Official Bond $50,000 500 South Carolina FS901513 2/15/81 2/15/84 Honesty Blanket
- Position Bond $10,000 2,100
' Travelers X-6073 10/1/80 10/1/83 Excess Workmen's Compensation $1,000,000 47,400 i
l J
95
I CITY OF TALLAHASSEE, FLORIDA SALARIES AND SURETY BONDS OF PRINCIPAL OFFICIALS i September 30,1982 Annual Amount of Name Title Salary Surety Bond James Ford City Commissioner $ 7,100 $-
Judd Chapman City Commissioner 7,100 -
Hurley Rudd City Commissioner 7,100 -
Carol Bellamy City Commissioner 7,100 -
Kent Spriggs City Commissioner 7,100 -
Daniel Kleman City Manager 57,500 50,000 Joe Dykes Deputy City Manager 48,420 10,000 Dean Block Deputy City Manager 44,940 10,000 Thomas Smith Director Underground Utility 45,222 10,000 R. A. Miller, Jr. Director Public Works 45,638 10,000 Jim Kirkland Director Finance 42,890 100,000 Bob Inzer Treasurer-Clerk 42,432 50,000 Benjamin Wait, Ill Director Electric 47,000 10,000 Lynne Brion Director Employee Relations 38,904 10,000 Fred Joiner Director Data Processing 37,045 10,000 Randy Trousdell Director Parks and Recreation 37,792 10,000 James Gould City Auditor 36,072 10,000 Melvin Tucker Police Chief 37,320 10,000 j Edwin C. Ragaqs Fire Chief 34,200 10,000 Larry Carter Director Taltran 30,527 10,000 l
Bob Johnson Director Airport 31,303 10,000 l Darryl Gorham Director Community I improvement 29,594 10,000 l
Sharon Strong Director Aff. Action 24,300 10,000 Charles Messer Com,ntroller 37,045 15,000 Kenneth Branch Cashier 26,507 50,000 l Terry Barfield Purchasing Administrator 32,011 15,000 Waldo Thomas Supply Superintendent 20,186 15,000 Charles Barrier Director General Services 36,984 10,000 l Chuck Cuthbertson Director-Budget and Research 31,620 10,000 l
1 l
96
CITY OF TALLAHASSEE, FLORIDA MISCELLANEOUS STATISTICAL DATA September 30,1982 Date of Incorporation 1825 Date First Charter Adopted 1825 Data Present Charter Adopted 1919 Form of Government:
Type: Commission - Manager Commission Composed of: Mayor and Four Commissioners Terms of Office:
Mayor - 1 Year Term
- Commissioners - 3 Year Term Manager - Appointed by Commission Area:
Square M:it s by Ten Year Periods for Last Forty Years:
Land Area increase, Area New Total 1941 4.15 0.75 4.90 1961 4.90 7.00 11.90 1961 11.90 3.30 15.20 1971 15.20 10.94 26.14 1981 28.00 11.00 37.00 Average Annual Temperature: 67.7 Degrees Average Annual Rainfall: 61.58 Inches Community Facilities Electric System:
Generating Plants 2 Generating Capacity 549,442 KW Net System Energy Generated 1,244,712,500 KWH Average Number Residential Customers 47,673 Average Residential Monthly Bill $57.67 Miles of Transmission Lines 154.5 Primary Distribution Sub-System Capacity 580,000 KVA Square Miles of Service Area 183 Sewage System:
Miles of Sanitary Sewers 445 Number of Lift Stations 87 Daily Average Treatment (Gal'ans) 12.5 MGD Maximum Capacity of Treatment Plants 15.5 MGD Number of Disposal Plants 4 Number of Service Connections 30,600
- Each year the Commissioners, from among themselves, elect the Mayor for the City of Tallahassee, Florida (Continued on Next Page) 97
CITY OF TALLAHASSEE, FLORIDA MISCELLANEOUS STATISTICAL DATA September 30,1982 (Continued)
Water System:
Miles of Water Mains 500 Daily Average Consumption (Gallons) 18,000,000 Plant Capacity (Gallons) 48,000,000 Number of Service Connections 35,600 Deep Wells 18 Number of Fire Hydrants 1,500 Gas System:
Miles of Gas Lines 238 i Daily Average Consumption (MCF) 3,833 MCF Plant Capacity (MCF) 4,000 MCF Number of Service Connections 7,560 Number of Street Lights 7,157 Miles of Streets:
Streets - Paved 357 Education:
Senior High Schools: 4 Number of Classrooms 292 Number of Administrat!vo Personnel 16 Number of Teachers 319 Number of Students 5,978 University High School: 2 Number of Classrooms 63 Number of Administrative Personnel 5
! Number of Teachers 83 Number of Students 1,402 Middle Schools: 6 Number of Classrooms 240 Number cf Administrative Personnel 18 Number of Teachers 251 Number of Stuc'ents 5.327 Elementary Schools: 18 Number of Classrooms 403 Number of Administrative Personnel 40 Number of Teachers 528 Number of Students 10,126 Vocational High School: 1 Number of Classrooms 5 Number of Administrative Personnel 4 Number of Teachers 5 Number of Students 1,979 day & night (Continued on Next Page) l i 98
CITY OF TALLAHASSEE, FLORIDA MISCELLANEOUS STATISTICAL DATA September 30,1982 (Continued) l l Major Educational Institutions:
l Florida State University i Florida A & M University
' Tallahassee Community College Lewis M. Lively Vocational Technical College i Fall Enrollment (Over a Ten-Year Period)
' Year FSU FAMU TCC Lively 1960 9,019 2,961 - - !
1970 16,992 4,891 2,100 -
1980 21,735 5,900 3,300 1,107 1981 22,360 5,381 3,860 2,406 l
! Faculty - Staff Employment (Monthly Average) (
i 1971 5,427 816 120 - !
j 1980 7,594 1,078 280 275 1981 6,943 1,212 210 213 :
l
! Fire Protection: l l Number of Stations 5 i
- Number of Employees 146 I
4 Police Protection: l
! Number of Employees 226 ;
! Number of Vehicular Patrol Units 81 i
! Number of Law Violations:
2,740 Physical Arrests Traffic Violations 9,851 l Parking Violations 91,593 Jail Population:
Maximum Occupancy 226 Average Occupancy 213 Recreation:
Arts and Crafts Center 1 Baseball and Sof tball Fields 71 ,
Golf Course - Jake Gaither Municipal 9 Holes Hilamon Park Municipal 18 Holes t Parks 423 Acres Recreation Centers 6 Supervised Playgrounds 15 Tallahassee-Leon County Civic Center - Seating Capacity 13,500 !
Tennis Courts 23 i Theaters: l Tallahassee iattle Theatre Playhouse - Seating Capacity 125 ,
, Florida State University: l l Conradi Theater - Seating Capacity 300 t Fine Arts Theater - Seating Capacity 500 ;
Moore Auditorium 300 i Opperman Music Hall- Seating Capacity 400 l Ruby Diamond Auditorium 1,500 i Tully Gym - Seating Capacity 4,000 Presents a variety of productions annually. ,
One-fifth of these are free admission. !
(Continued on Next Page) l 99
CITY OF TALLAHASSEE, FLORIDA MISCELLANEOUS STATISTICAL DATA September 30,1982 ;
(Continued) l Florida A & M University:
~
Charles Winterwood theater - Seating Capacity 712 Foster-Tanner Fine Arts - Seating Capacity 160 l
Lee Hall- Seating Capacity 1,425 Perry Page Auditorium - Seating Capacity 420 Presents 50% admission free productions and shows annually.
Other Recrcation Activities:
Tennis, Basketball, Volleyball, and Shuffleboard Courts 32 i Swimming Pools 4 Motion Pictures 9 Golf Courses 5 Skate Rinks 3 Annual Events:
Annual Capital City Invitational Track and Field Meet Cultural Art Day North Florida Jr. Championship Tennis Tournament Springtime Tallahassee Tennis Tournament Annual Spring Show Tallahassee Open Golf Tournament, PGA Springtime Tallahassee Festival F.S.U. Annual Circus News, Radio and Television:
Newspapers: Local Daily 1 Area Daily and Sunday 6 Radio: Local and Area Stations 13 Television: CBS WCTV Florida State University - Educational WFSU ABC WECA Transportation:
Airport: ,
d Tallahassee Municipal Airport - Flights daily by Eastern, Republic and Air Florida serving all sections of the United States.
Bus Lines:
Local - Taltran f Interstate - Greyhound Dus Lines Trailways Bus System Highways:
U.S. #90, U.S. #27, U.S. #319 Interstate #10 State Road #20, #369 (Continued on Next Page) 100
CITY OF TALLAHASSEE, FLORIDA MISCELLANEOUS STATISTICAL DATA September 30,1982 (Continued)
Railroad:
Seaboard Coast Line Railroad Trucking Facilities:
Area Served by 9 Transport Common Carriers Utilities and Communications:
City-owned Utilities: Electricity, Gas, Water, and Sewage Centel Telephone Company City Buildin9 Permits:
Year Permits Building Ending issued Valuations 1972 1,347 $58,527,803 1973 1,012 31,506,786 1974 992 50,796,446 1975 1,067 67,710,684 1976 1,127 23,479,789 1977 1,145 34,053,825 1978 1,145 45,392,521 1979 1,260 36,604,072 1980 1,358 50,459,437 1981 1,605 75,993,996 1982 1,421 67,967,208 Employees as of September 30,1982 1,77S Elections:
Number of Registered Voters 44,792 Number of Votes Cast In: Percentage of Registered '
Voters Voting Last General Election 37,607 83 %
Last Municipal Election 15,663 34 %
Population Census (Last Five U.S. Censuses) 1940 16,240 1950 27,237 1960 48,174 1970 72,586 1980 81,548 1981 Est. 92,300 9
Ecoromic Dimensions Employment:
, Income Trends: 1959-1981 Average Year Household Income $0-7,999 $49,999 $10-14.990 $15-24.999 $25,000 +
1959 $ 6,603 76.7 % 13.5 % 9.8 % - -
1970 10,210 55.7 % 12.3 % 32.0 % - -
1978 19,242 25.8 % 7.1 % 16 % 24.9 % 26.2 %
1979 21,186 23.1 % 6.7 % 15.1 % 24 % 31.1 %
1980 20,323 24.6 % 6.6 % 15.6 % 25.5 % 28.7 %
1981 20,323 22.6 % 6.5 % 15.3 % 25.6 % 30.0 %
(Continued on Next Page) 101
CITY OF TALLAHASSEE, FLORIDA MISCELLANEOUS STATISTICAL DATA September 30,1982 l (Continued)
Sources of Personal income: 1960 - 1981 Source of Income 1900 % 1f68 % 1978 % 1979 % 1980 % 1981 %
Agriculture 1.6 0.6 - -
25.9 24.2 j Manufacturing 6.7 5.0 3.7 3.4 2.9 2.8 Construction 8.1 7.2 4.4 4.5 3.7 3.2 Mining 0.1 - - - - -
1 Transportation, Communication and Public Utilities 4.5 2.4 3.5 3.2 2.3 2.6 l Trade 18.9 17.0 20.3 21.8 14.7 14.6 I
Finance, insurance, Real Estate 6.4 5.6 4.4 4.5 3.4 3.6 ,
Services 13.9 12.1 13.0 16.5 12.5 13.2 Other Private Industry 0.1 0.5 - - - -
Government 39.7 49.6 50.7 46.1 34.6 35.8 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 %
Due to the State Government and State Education Institutions, the City has a large number of professional and white-collar employees.
State Noninstitutional Employment of Tallahassee and Capitol Center Estimated Tallahassee Estimated Capitol Estimated Annual State Year Employment Center Employment Payroll in Tallahassee 1970 7,130 6,400 $ 49,688,970 1979 14,000 12,000 274,159,240 1981 18,000 12,530 337,225,167
, 1982 24,922 (all county) 503,700,000 Industrial:
Major Manufacturing Plants (Ranging from prestressed concrete products to national- ,
ty known quality mobile homes).
Indices of Growth (Over a Year Period):
Motor Public Vehicle Airline School Tele-Commercial Regis- Pass- Postal Enroll- phone ,
Year Assets tration engers Receipts ment Stations I 1960 $ 64,373,068 21,618 43,816 $ 1,498,291 14,959 26,83'1 1970 169,230,670 43,432 148,116 3,575,344 20,600 62,628 ,
1978 504,392,939 108,049 306,524 11,443,514 21,378 113,143 1979 509,002,538 107,353 320,209 14,272,934 21,349 116,538 1980 542,917,554 112,833 303,292 16,876,250 21,461 126,075 1981 574,365,000 117,445 287,400 17,378,931 21,498 131,361 102
CITY OF TALLAHASSEE, FLORIDA DEMOGRAPHIC STATISTICS For Years indicated Taxable (4) Retail (4) income (4) Savings & Loan Estimated (4) Assessed Sales Per Association Building (2) Motor (2)
Population Valuation Household Bank Assets
- Assets
- Permits Vehicles (Ygr (000'sL
'1960 48.174 $ 116.053.625 $ 82.600 $ 6.670 $ 64.370.068 $ 42.163.388 $ 14.490.322 21.618 118.854.319 91.408 6.988 71.435.810 46.322,986 14.576,345 22.618 1961 49.800 124.054,736 101.968 6.956 72,390,739 51,789,143 13.277,680 23.362 1962 50.500 134,232,250 115.474 7,187 77.375.876 58.243.952 26,848,028 26.614 1963 52.200 55,700 149,472,365 94.651 7.674 86,027.633 63.275.336 27.618,501 26.497
,1934 157.508.255 104,133 8.146 95.952,940 67,847.211 42.341,387 29.237 1E35 60.500 62,700 164,711,466 111,291 8.438 104,331,767 68,712,764 28.078.645 31,394
'1%6 219,181,060 123.675 9.337 120,219.527 78,373,129 34,254.502 34.910 1967 63.300 143,712 9,938 132.867,353 82.419,666 40.164.194 37,719 1%8 64.700 243.691.220 180,488 10,330 148,123,714 84,333.950 43,738.497 41,332 1969 69.400 262.274.920 1970 72,586 342.730.400 200,875 10.210 169.230.670 87.928.047 41.034.984 43.432
- Change 53.1 % 162 9 % 108 5 % 183.2 % 100.9 %
1960-70 507% 195 3 % 143 2 %
$398,801,551 $297.320 $11,723 $291.019.897 $ 825.948,937 $155,186,167(3) 60.517 1972 74.986 438.977,189 391,217 12,648 350.281,933 959.709.257 31,457.507 75,753 1973 76.944 14.016 360,383.274 1,133.670.452 88,919.275 83,038 1974 78.167 714.037.947 428.320 438,979 14.304 373,420,269 1.352.801,881 67,710.684 87,056 1975 78.590 729.603.502 78,730 745,149.899 396 952 15.780 390,711.222 1.508.788.359 62.818,956 106,680 1976 767.861,047 428,174 17.286 415,464.766 1,710.196 066 97,159,052 104.651 1977 78.% 5 79,300 787,979,770 474.180 19.242 504,392,939 2.328.661,224 134,817,287 108.049 1978 80,257 877,107.600 408.942 21,186 509.002.538 2,160.285,480 110.908,929 107,353 1979 81.548 1,133,300,388 721.527 20.323 542,917,554 3.522,162.403 137,796,466 112.833-1980 1981 92,328 1,358,118.400 822.175 22.532 574.365.000 4.213.075.278 137.109.919 117.445 Change
, Since 27.1 % 296 2 % 309 2 % 120 6 % 239 3 % 4691.5 % 234.1 % 170 4 %
1970 l
Source Research Department, Tallahassee Area Chamber of Commerce and City records.
(1) U.S flureau of Census 1 % 0. 1970, other year estimates by Safes Management, Survey of Buying Power.
(2) Leon County statistics (3) Unusual increase prompted by State moratorium on construction in urtaq areas potentially subject to pollution due to increases in population i
density.
(4) City of Tallahassee statistics
- Due to merger, Florda Federal Savings & Loan Association's figures are not available during 1971,1972. and 1973. The assets of financial institutions,are now used to more reliably reflect worth. These figures are from Chamber of Commerce - Index of Leon County Growth.
b (Continued on Next Page) 103
max ,
- - - - - - ~ . . .
9,000 185 Building Permitsaftonal License- -205,000 -'_ 2,607 (90,628) 3,000 185 Hiscellaneous Taxes Federal Grants 6,000 87,694 3,522 (6.393)
(117,306) 150 4,215 522 Federal Federal Revenue Grants-Culture a ety Sharing ecreation /RFederal Grants-Public (1,785)
( 150)
Sf State Grants-Culture /RecState 65,215 Grants-Public Safety State Grants-Other reation 10,039 Cigarette Tax (55,176) 1,000 State 1/2( Salese Tax ax PrState 84,776 Revenue Sharing-Fu 28,258 lT 1,000 oceeds 45,974 Hobile Home Alcoholic Beverage License Lic Tax 77,273 15,410 ense 3,500 (38,802) 32,335 Casualty Insurance und PremiuHomestead Exemption Trust F 3,500 10,000 1,812 (12,848)
(44,938)
Rebate on Minicipalc mVehi es Tax l 3,512 (1,688)
Other Grant-Public County State Shared es Revenu 1,500 Safet 12 (10,000)
County Grant-Culture / Rec y 755 County Grant-Other reation 18,500 Zoning Fees 5,625 ( 745)
Certification, Copying (12,875) etc. 750 Other Physical EnvironmGarbage/ Solid175Waste Rev enue 300 ent Fees Court FinesCulture/hcreation ues Reven 200 199 ( 575)
( 101)
Miscellaneous RevenuesInterest Debt ProceedsContributions fromS,000 22,000 4,000 Enterp i 7,056 on Investmentsand ( 203) Forfitures r se Op. 3,107 (14,944)
Contract Revenue 25,000 1,464 Deposit on Land ( 893)
(3,536)
Sale of Lots
- 7,000 (25,000)
Transfer from Savings 3,867 45,800 (3,133) 81,000 (45,800) 933,011 (81,000) 366,214 Total Revenues (556,797) a e
4
GENERAL FUND REVENUE MARCH 31, 1983 tevenues_
_ BUDGET
_ ACTUAL OVER (UNDER)
Current Ad Valrem Taxes Delinquent Ad Valorem Taxes 226,289 Franchise Taxes 135,661 ,
Utility Taxes 9,000 185 (90,628)
Occopational License 205,000 2,607 185 Building Permits 3,000 97,694 (6,393)
Miscellaneous Taxes 6,000 3,522 (117,306)
Federal Grants 150 4,215 522 Federal Grants-Public Safety (1,785)
( 150)
Federal Federal Grants-Culture Revenue Sharing / Recreation State Grants-Public Safety 65,215; 10,039 EtateGrants-Other State Grants-Culture / Recreation (55,176)
Cigarette Tax 1,000 State Revenue Sharing-Fuel Tax 84,776 1,000 28,258 45,974 State 1/2t Sales Tax Proceeds 15,410 (38,802)
Hobile Home License Tax 77,273 32,335 (12,848)
Alcoholic Beverage License 3,500 Homestead Exemption Trust Fund 3,500 1,812 (44,938)
Casualty Insurance Premiu:n Tax 10,000 3,512 (1,688)
Rebate on Minicipal Vehicles 12 1,500 (10,000)
Other State Shared Revenues County Grant-Public Safety 755 County Grant-Culture / Recreation 18,500 ( 745)
County Grant-Other 5,625 Zoning Fees (12,875)
! Certification, Copying, etc. 750 Garbage / Solid Waste Revenue 300 175
( Other Physical Environment Fees 199 ( 575) l Culture / Recreation Revenues 200 ( 101) i Court Fines and Forfitures ( 200) k Interest on Investments 22,000 Miscellaneous Revenues 4,000 7,056
{ 5,000 3,107 (14,944)
}
Debt ProceedsContributions from .
Enterprise 25,000 Op 1,464 ( 893)
Contract Revenue (3,536)
Deposit on Land '7,000 (25,000)
Sale of Lots 3,867 Transfer from Savings 45,800 (3,133) 81,000 (45,800)
(81,000) 933,011 366,214 (556,797)
Total Revenues 4
0 4
_ _ - - ~
4 CITY OF TALLAHASSEE, FLORIDA DEMOGRAPHIC STATISTICS For Years Indicated (Continued)
Water Elec:ric (1) Consumed (1) Gas Used (1) Leon County Telephone Airkne KWH Used (Gals) (Cu. Ft ) Pcstal School Year Stations Passengers (000's) (Milhons) (%Ihons) Receipts Enrofiment l
1900 26.831 43.816 192.126 1.955 3 642.727 $ 1.498.291 14.959 1961 28.424 45.307 216.543 2.169 2 834.542 1.621.133 14.413 1%2 31.548 39.803 209.811 2.309 9 893,191 1.613.206 15.213 i 1%3 31.830 52.020 153.823 2.412.4 957,721 2.036.743 16.017 1%4 34.359 55.576 277.901 2.470 2 1.004,872 2.148.105 16.717
. 1965 36.733 62.966 203.167 2.699 4 956.230 2.270.970 17.215 i 1966 41.182 68.112 339.972 2.847.6 1.329.483 2.457.119 17.439 1967 46.021 100.222 380.669 2,952.5 1.460,720 2.660.227 18.613 1968 51.453 120.001 460.368 3.283.0 1.621.463 3.092.407 18.319 1%9 56.386 142.494 524.557 3.350 2 1.640.844 3.221.266 20.507 1970 62.268 148.116 630.689 3.687.6 1.688.160 3.575.344 20.600
- Change 1960-70 132 1 % 238 0 % 228.3 % 88 6 % 162.7 % 138.6 % 37.7 %
1972 75.639 196.132 736.943 4.377.9 1.832.116 $ 5.557.681 19.694 1973 85.850 219.365 850.101 4.252.9 2.021.293 6.063.260 20.925 1974 91.852 234.555 811.785 4.376.1 1.783.425 7.096.521 21.191 1975 95.406 219,403 878.945 4.658 5 1.757.823 7.340.812 21.543 1976 99.577 232.242 927.721 5.008 2 1.947.381 9.005.414 21.576 1977 107.032 272.657 1.001.891 5.148.1 1.535.655 9.458.748 21.498 1978 113.143 306.524 1.304.360 5.195.5 1.409.957 11.443.514 21.378 1979 116,538 320.209 1.553.792 5.152 2 1,459.978 14.272.934 21.349 1980 126.075 303.292 1.499.908 5.390.1 1.366.515 16.876.250 21.461 1981 131.361 252.440 1.169.832 5.484 2 1.276.483 17.378.931 21.498 Change Since 1970 110 9 % 90 6 % 85 4 % 48.7 % (24 3%) 386 % 4.35 %
Source. City Records - Electnc. Water and Gas data. Other data from Research Department, Tallahassee Area Chamber of Commerce.
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104
GENERAL FUND BALANCE SHEET MARC!f 31, 1983 ASSETS 101.1 Cash in Bank 28,617 101.2 Coniunity Development Block Grant Account 101.3 Federal Revenue Sharing Trust Fund 2,652 101.5 Police Department Trust Fund 2,556 1,269 110 Deposit on Vehicles 306 115 Accounts Receivable-Sanitation Fees S,722 115.1 Accounts Receivable-Utility Tax 3,237 115.2 Tax Sale Certificate 612 115.5 Accounts Receivable 11 (30,856) 131 Due from Electric Fund 110 131.2 Due from Sewer Fund ( 468) 131.3 Due from Water Fund 398 133.1 State Revenue Sharing Receivable 882 .
135 Interest Receivable 332 141 Gasoline and 011 Inventory 38,656 151 Investments-Savings 161 Advance to Sewer Fund 55,870 162 Tax Anticipation Note Savings 75,589 163 Alachua Headows Account Total Assets 185,484 LIABILITIES Accounts Payable 22,861 202 55,123 203 Notes Payable 6,579 204 Contracts Payable 6,006 216 Salaries Payable 2,425 218 Retirement W/H 1,182 218.2 Occupational License Collected in Advance 2,860 l Due to County 220 l 2.700 250 Deposits on Land Total Liabilities 99.736 FUND BALANCE Balance as of October 1,1982 157,099 271 366,214 Revenues 437,565 Expenditures 85,484
.Tutal Fund Balance 185,484 Tota! Total Liabilities and Fund Balance
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GENERAL FUND EXPENDITURES MARCH 31, 1983 (OVER)
BUDGET ACTUAL UNDER EXPENDITURES i LEGISLATIVE 19,680 4499 15,181 Personal Services.
Operating Expenses 1,100 1187 ( 87) i 350 350 Capital Outlay EXECUTIVE 14,054 6736 7,318
' Fersonal Services 613 2,200 1587 Operating Expenses 800 4,000 i Capital Outlay 4,800 FINANCIAL AND' ADMINISTRATIVE 14,418 25,383 10,965 Personal Services 13,240 Operating Expenses 29,545 16,305 1,700 766 934 Capital Outlay LEGAL 4,566 16,000 11,434 Operating Expenses COMPREHENSIVE PLANNING 1,259 2,200 941 Operating Expenses
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! OTHER GOVERNMENTAL SERVICES 5,755 6,821 1066 Personal Services 1501 22,228 '
Operating Expenses 23,729 LAW ENFORCEMEVT 267,965 127,139 140,826 Personal Services 36,307 Operating Expenses 60,580 24,273 59,822 98,438 (38,616)
Capital Outlay FIRE CONTROL 63,250 113,674 50,424 Personal Services 13,438 13,787 f
Operating Expenses 27,225 17,912 21,831 (3,919)
Capital Outlay PROTECTIVE INSPECTION 2,630
' 5,000 2370 Operating Expenses DTHER PHYSICAL ENVIRONMENT .
21,011 23,217 2206 i Personal Services 466 5,534 Operating Expenses 6,000 ,
STREETS AND ROADS 16,753 34,727 17,974
! Personal Services 5218 2,782 L Operating Expenses 8,000 54,000 7115 46,885 Capital Outlay l
LIBRARIES 5,382 l 6.268 886 Operating Erpenses 1076 662 Capital Outlay 1,738
' PARKS AND RECREATION 4,1 00 6,860 2760 Personal Services 4164 386 Operating Expenses 4,550 49,800 49,800 Capital. Outlay DEBT SERVICE 19,900 Operating Expenses 19,900 ADM COSTS GRANT 18,200 Capital outlay 18,200 LEGAL COSTS ON SALE OF IBIS INTEREST EXPENSE 933,000 437,565 495,435 TOTAL
. . .m. . . . . . _ . , _ _ . _ _ _ _ . . _ _ _ . . - - . . . ._ -
. . _ _ _ . - . . _ _ ._.._.m.-~ . . _ _ . _ _ , - _ _ _ _ _ _ _ _ _ . _ - . . - . _ - _ . _ _ _ _ . . ..._ _ _ ..___
COMBINED UTILITY FUNDS l INCOME STATEMENT M' fil 31,1983 REVENUES ElICTRIC WATER SEWER TOTAL ITTILITIES BUDCET l
l j Energy 891.301 noi sni .$2.000.000 73 475 7T;47s _160J0_0 Water Sewer 117.167 117.167 230.591 Miscellaneous System Rev.
. 5.918 4.009 913 to,g3g TOTAL REVENUES 897.219 77.484 118.07A 2,390,591 1_no?_7a1 EXPENDITURES Power Production Costs 723,886 723 886 ' 1.508.951 Operation G Maint. 46,818 17,368 < 40,586 104.772 - 226.991 ADM $ CEN 47.963 22.829 22.221 93,013 204.843 Depreciation 21,480 26,775 31,107 79.362 58,724 TOTAL OPERATING EXPENSES 840,147 66,972 93.914 1.001.033 __ $2,099,509' NON-OPERATING EXPENSES ,
i Interest Income 34,730 1.863 6.059 42.652 ,
(73,743) (24,575) (143,637) #9" (INTEREST EXPENSE) , (241,955)
NET INCOME (LOSS) 18,059 (12,200) (113,414) (107,555)
- " Capital Expenditures 116,840 7,380 4,601 O
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