3F0484-19, Forwards City of Tallahassee,Fl Comprehensive Annual Financial Rept,Fy Ended 830930

Forwards City of Tallahassee,Fl Comprehensive Annual Financial Rept,Fy Ended 830930

ML20084E298
Person / Time
Site:	Crystal River
Issue date:	04/24/1984
From:	Westafer G FLORIDA POWER CORP.
To:	Harold Denton Office of Nuclear Reactor Regulation
References
3F0484-19, 3F484-19, NUDOCS 8405020223
Download: ML20084E298 (67)

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,n April 24,1984 3F0484-19 i

Mr. H'. R. Denton, Director Office of Nuclear Reactor Regulation l Attention: Document Control Desk U. S. Nuclear Regulatory Commission Washington, D.C. 20555

Subject:

Crystal River Unit 3 Docket No. 50-302 Operating License No. DPR-72 Annual Financial Reports for Florida Power Ccrporation and Participants, Supplement

Dear Mr. Denton:

Florida Power Corporation (FPC) hereby submits the 1983 Annual Financial Report for the City of Tallahassee as a supplement to the April 16,1984, (3F0484-15) submittal of financical reports. FPC submits the aforementioned reports in compliance with 10CFR50.71(b) and Regulatory Guide 10.1 " Compilation of Reporting Requirements for Persons Subject to NRC Regulations".

Should you have any questions concerning this submittal, please contact this office.

Sincerely, a j !W G. ft. Westafer [

Manager, Nuclear Operations Licensing and Fuel Management Attachments DVH/ddl cc Mr. 3. P. O'Reilly Regional Administrator, Region 11 Office of Inspection and Enforcement U. S. Nuclear Regulatory Commission j i 101 Marietta Street, N.W., Suite 2900 (t l$

Atlanta, GA 30303 ,

0405020223 840424 PDR ADOCK 05000302 I PDR G EN ERAL OFFICE 3201 Thirty-fourth street so ath e P.O.' Box 14042, st. Petersburg, Florida 33733

• 813-866 5151

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City of Tallahassee FLORIDA l

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COMPREHENSIVE l ANNUAL

FINANCIAL ,

REPORT  !

c FiscalYear Ended September 30,1983 l l

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9 "Rorida's Capital City"- Serving all Rorida i

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COMPREHENSIVE ANNUAL FINANCIAL REPORT l

OF THE

.l CITY OF TALLAHASSEE, FLORIDA l

FOR THE Fiscal Year Ended September 30,1983 I

PREPARED BY THE Department of Finance l

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CITY OF TALLAHASSEE, FLORIDA COMMISSION - MANAGER FORM OF GOVERNMENT CITY COMMISSION CAROL BELLAMY, Mayor HURLEY W. RUDD, Commissioner KENT SPRlGGS, Mayor Pro Tom JAMES R. FORD, Commissioner DR. W. JUDD CHAPMAN, Commissioner CITY MANAGER CITY ATTORNEY Daniel A. Kleman James English j CITY TREASURER - CLERK CITY AUDITOR Robert Inzer James Gould DIRECTOR OF F! NANCE COMPTROLLER Philip F. Inglese, CPA Charles M. Messer

TABLE OF CONTENTS INTRODUCTORY SECTION PAGE LETTER OF TRANSMITTAL. . i CERTIFICATE OF CONFORMANCE xv CITY OF TALLAHASSEE ORGANIZATION CHART xyl LISTING OF CITY OFFICIALS . xvil 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 Fued 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 of Revenues, Expenditures and Changes in Fund Balance . .. . . . . 39 Combining Statement of Revenues and Expenditures -

Budget and Actual . . . . .. . . . 40

l 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 Electric Revenue Fund - Schedule of Revenues and Expenses - Budget (Non-GAAP Basis) and Actual . . . . . .... 54 Gas Revenue Fund - Schedue of Revenues and Expenses - Budget (Non-GAAP Basis)and Actual . . . . . 55 Sewer Revenue Fund - Schedule of Revenue and Expenses - Budget (Non-GAAP Basis)and Actual . . . . . ... 56 Water Revenue Fund - Schedule of Revenues and Expenses - Budget (Non-GAAP Basis) and Actual . . .. . . .. . .. . 57 Airport Revenue Fund - Schedule of Revenues and Expenses - Budget (Non-GAAP Basis) and Actual . . . . .. ... . 58 Tallahassee Transit Fund - Schedule of Revenues and Expenses - Budget (Non-GAAP Basis) and Actual . . .. .. .. . 59 Electric, Gas, Water and Sewer Funds - Schedules of Operating Expenses . .. 60 Internal Service Funds Combining Balance Sheet . . . . . .. . 61 Combining Statement of Revenues, Expenses, and Changes in Retained Earnings . . 62 Combining Statement of Changes in Financial Position . . . 63 Fiduciary Fund Types Combining Balance Sheet . . .. . .. ....... . . . .. 64 Combining Statement of Revenues, Expenses and Changes in Fund Balances -

Pensien Trust Funds. . . . .. . . . ... . . 66 Combining Statement of Changes in Financial Position - Pension Trust Funds. . . 67 Combining Statement of Revenues, Expenditures and Changes in Fund Balances -

Expendable Trust Funds. . . . .. . .. .... . ... .68 Statement of Changes in Assets and Liabilities - Agency Fund . . . .... .. 69 General Fixed Assets Account Group Schedule of General Fixed Assets - By Sources . . . .. ... .. ... . 71 Schedule of General Fixed Assets - By Function and Activity . . .... . 72 Schedulo 6f Changes in General Fixed Assets - By Function and Activity .... . 73

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PAGE STATISTICAL SECTION (NOT COVERED BY AUDITORS

• REPORT)

Comments on the Statistical Section . 75 General Government Expenditures by Function - Last Ten Fiscal Years 76 General Revenues by Source - Last Ten Fiscal Years . 77 Tax Revenue by Source - Last Ten Fiscal Years 78 Property Tax Levies and Collections - Last Ten Fiscal Years 79 Assessed and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years 80 Assessed Valuations, Millage and Taxes Levied and Collected - Last Ten Fiscal Years. 81 Property Tax Rates - All Overlapping Governments - Last Ten Fiscal Years 82 Special Assessment Collections - Last Ten Fiscal Years . 83 Computation of Legal Debt Margin 84 Computation of Direct and Overlapping Debt 85 Schedule of General Revenue Bond Coverage - Last Ten Fiscal Years 86 Construction, Bank Deposits and Property Values - Last Ten Fiscal Years 87 Summary of Debt Service Requirements Capital Bonds, Series 1978 88 Capital Bonds, Series 1981 90 Electric Revenue Bonds, Series 1977 92 Electric Revenue Bonds, Series 1982 . 93 Municipal Gas Revenue Bonds, Series A. 94 Municipal Gas Revenue Bonds, Series B 95 Municipal Gas Revenue Bonds, Series C . 96 Municipal Water and Sewerage Revenue Bonds, Series 1964 97 Municipal Utility Revenue Bonds, Series 1970 98 Municipal Utility Revenue Bonds, Series 1970A 99 Municipal Utility Revenue Bonds, Series 1979 100 Municipal Utility Revenue Bonds, Series 1982 101 Principal Taxpayers 102 Schedule of Insurance in Force . . 103 Salaries and Surety Bonds of Principal Officials . 104 Miscellaneous Statistical Data . . 105 Demographic Statistics , 111

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CACOL CELLAMY DANIEL A. NLEM AN Mason.commissioNe A Cafy MANAGER MENT SPRIGGS ROBERTS.INZER uavam emo tru.commissiohem CITV Tatasunam cLann i DM. W JUDD CH APM AN

• JAMES G. GOULD

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couus,tioNan clTV Auoitom J AMES R. FORD JAMES M. ENGLISH couwesseoNen clf v ATTonNew HunLEY W. RUDD DI TELEPHONE comusessoNan (9043 899-8100 CITY HALL 32305 December 9,1983 Honorable Mayor and Members of the City Commission 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, 1983, is submitted herewith pursuant to Florida Statutes Chapter 11, Section 45, and Chapter 10.550 of the Rules of the Auditor General of the State of Florida. The Annual Financial Report was compiled by the staff of the Finance Department, 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.

The Reporting Entity The City of Tallahassee was incorporated in 1825 with a Mayor-Council form of government before Florida was admitted to the Union some twenty years later.

In 1919 Tallahassee was granted a new City Charter by the Stata Legislature authorizing our present Commission-Manager form of government.

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 collection, 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.

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, entitled " Defining the Governmental Reporting Entity." The criteria deal with comparability, comprehensiveness, 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 Table 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.

Organization and Content Local governmental accounting principles are primarily promulgated by the National Council on Governmental Accounting (NCGA). The NCGA has identified these principles in their issuance of Statement I, entitled " Governmental Accounting and Financial Reporting Principles." Although the Municipal Finance Officers Association (MF0A) subsequently published a revision of its publica-tion entitled " Governmental Accounting, Auditing and Financial Reporting" (GAAFR), it is not an authoritative document which establishes generally accepted accounting principles for government; however, it is used to provide guidance in the effective application of NCGA Statement I principles. These principles have been adhered to in the preparation of this report.

Designed to meet the needs of a broad spectrum of financial statement readers, this Comprehensive Annual Financial Report is divided into three major sections:

1. Introductory Section - As the title indicates, this section introduces the reader to the report and includes the table of contents, this transmittal letter, the Certificate of Conformance awarded' to the City by the Municipal Finance Officers Association, and a City organization chart.

2. Financial Section - Five combined financial statements, together with the notes to the financial statements, compose the General Purpose Financial Statements (GPFS). The GPFS are the City's basic financial statements and provide an overview for users who require less detailed information about the City's finances than is contained in the balance of this report. The remainder of the financial section presents combining statements, individual fund statements and schedules focusing on individual funds rather than fund types.

3. Statistical Section - Although this section contains substantial financial information, these tables di f fer from financi al statements in that they present some nonaccounting data, cover more than two fiscal years, and are designed to reflect social and economic data, financial trends, and the fiscal capacity of the City, li l

The various fund types of the City have been classified into fund categories as follows:

Fund Category Fund Type Governmental General Special Revenue Capital Projects Debt Service Special Assessments Proprietary Enterprise Internal Service Fiduci ary Trust and Agency The measurement focus for each of the above fund categories is explained below.

Governmental Funds: These funds are used to account for the City's expendable financial resources and related current liabilities, except those accounted for in proprietary funds. Governmental funds are essentially accounting segregations for financial resources, and measurement focus is upon determination of financial position (sources, uses and balances of resources) rather than upon net income determination. Basic financial statements necessary to fairly present financial position and operating results for these funds are the Balance Sheet, and the Statement of Revenue, Expenditures and Changes in Fund Balance.

Proprietary Funds: These funds are used to account for the City's ongoing activities which are similar to those found in the private sector, and financial activity is reported in essentially the same manner as in commercial accounting where net income and capital maintenance are measured. Measurement focus is upon determination of net income, financial position, and changes in financial position. The basic financial statements required for these funds are the Balance Sheet; the Statement of Revenue, Expense and Changes in Retained Earnings; and the Statement of Changes in Financial Position.

Fiduciary Funds: These trust funds are used to account for assets held by the City in a trustee capacity or as an agent for others. Each trust fund is classified for accounting measurement purposes as either a governmental fund or a proprietary fund. Expendable trust funds are accounted for in essentially the same manner as governmental funds; pension trust funds are accounted for in essentially the same manner as proprietary funds.

In addition to the various fund types, a fourth category of accounting entities, account groups, is used to establish accounting control and accountability for the City's general fixed assets and general long-term debt.

The City's general fixed assets (all fixed assets except those accounted for in proprietary or trust funds) are not financial resources available for expenditure. The unmatured principal of the city's general long-term debt lil

l (long-term liabilities not accounted for in proprietary funds) does not require use of financial resources during the current accounting period.

Accordingly, these are not accounted for in the governmental funds, but in self-balancing account groups.

Accounting System and Budgetary Control The City's accounting records for general governmental operations are maintained on a modifled 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 i basis. Budgetary control is maintained at the department level by the encumbrance of estimated purchase amounts prior to the release of purchase orders to vendors. Purchase orders which would result in an overrun of balances are not released until additional appropriations are made available.

Open encumbrances are reported as reservations of fund balance at

September 30, 1983.

Internal Control in developing and altering the City's accounting system, consideration is given to the adequacy of internal accounting controls. Internal accounting controls are designed to provide reasonable, but not absolute, assurance regarding:

the safeguarding of assets against loss for unauthorized use or disposition; and the reli ability of financial records for preparing financial statements and maintaining accountability for assets.

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l 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 4

judgements by management.

All internal control evaluations occur within the above framework. We believe the City's internal accounting controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions.

l The City's Audit Department reviews and appraises the soundness, adequacy, and application of accounting, financi al , and administrative controls in the City's accounting system. Financial transactions and related data are examined for accuracy, completeness and authorization. Data processing l applications and systems are addressed by the internal auditors at appropriate l times to assess the adequacy and accuracy of controls. Also computerized l

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applications are reviewed to determine that they have been developed according j to the policies, procedures, standards, and guidelines of the City.

General Governmental 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

$45,094,000 in 1983, an increase of 23.2 percent over 1982, primarily due to increased Tax Revenues (property and utility),. Licenses and Permits (telephone franchise tax), Intergovernmental Revenues (the new State of Florida half-cent sales tax), Charges for Services (Hilaman Park), and Transfers from Other Funds.

The following is a comparison of the current fiscal year funding, compared to last fiscal year:

Increase Percent (Decrease)

Financing Sources Amount of Total From 1982 Taxes $ 8,595,100 19.1% $ 384,700 j Licenses & Permits . 1,719,800 3.8% 669,500

Intergovernmental Revenues 8,298,900 18.4% 2,351,800 Charges for Services 3,540,200 7.8% 621,200 Fines & Forfeits 389,500 .9% 115,300 Other Revenues 795,700 1.8% 171,800 SUB-T0TAL $23,339,200 51.8% $4,314,300 Transfers from Other Funds 21,754,800 48.2% 4,191,500 TOTAL $45,094,000 100.0% $8,505,800 Assessed property valuation of $1.812,714,500 (according 'to the Leon County Tax Collector) for 1983 represents a 27.7 percent increase over the

$1,418,980,300 valuation for 1982 due to annexation. The City levied a 2.612 mil property tax, all of which is for operating purposes, and has no uncollected ad valorem taxes.

Operating expenditures and Transfers Out amount to $44,779,200 for 1983. This was an increase of 22.8 percent over 1982. 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 4 golf course, as well as an increase in Transfers to Other Funds. Changes in j levels of Financing Uses over the preceding year, which was restated due to i

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the current year reclassification of functions are shown in the following tabulation:

Increase Percent (Decrease)

Financing Uses Amount of Total From 1982 General Government $ 5,274,600 11.8% $ (421,000)

Public Safety 11,589,300 25.9% 1,669,000 liighways & Streets 4,326,200 9.7% 480,300 Sanitation 4,043,000 9.0% 728,600 Health 247,200 .5% 54,700 Welfare 799,900 1.8% 263,300 Culture & Recreation 3 u686 t 700 8.2% 4812 500 SUB-TOTAL $ N ,96T, M W.E $E7!i6,@

Transfers to Other Funds 14,812,300_ 33.1% 5,070,600_

TOTAL $44,779,200 1UC6% $8,327,000 In 1983, General Fund Sources exceeded General Fund Uses by $314,800, and this amount was added to Fund Balance. The preceding schedules of Financing Sources and Uses reflect significant Transfers From and To Other Funds.

Transfers In primarily represent excess enterprise fund revenues which may legally be used for general governmental purposes. The General Fund acts as a clearing fund and accordingly utilizes these funds or transfers them to other funds for their respective purposes. Transfers Out are primarily used for Debt Service, underwriting the operations of certain enterprise funds, and Capital projects. Included in the Transfers to Other Funds is $4,788,000 to internally fund capital projects, which otherwise would have to be bonded.

This internal funding is in accordance with our City Commission approved Debt Management Policy.

Intergovernmental Revenue Intergovernmental revenue from various federal , state, and county agencies represented a substantial source of funds for the City during the year. A large portion of this revenue (24 percent) is used for capital and ongoing projects, making possible extension of community development, mass transportation improvements, sewer system expansion, and various public works projects. During the year the community development block grant and federal revenue sharing program provided the City $2,942,900 and $791,500 in revenue respectively.

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The sources of intergovernmental revenue received by the City during the year are summarized by fund type as follows:

Fund Type Capital i

Source General Projects Enterprise Total Federal Government $ 791,500 $2,942,900 $2,609,500 $ 6,343,900 State of Finrida 5,298,100 253,700 134,100 5,685,900 Leon County 167,100 26,400 19,700 213,200 TOTAL $6,256,700 $3,223,000 $2,763,300 $12,243,000 Debt Administration The ratio of net bonded debt to assessed valuation and the amount of bonded debt per capita are of ten useful indicators of the City's debt position to municipal management, ci tizens, and investors for General Government Debt.

i However, it should be recognized that the City has no general obligation debt i and that ad valorem taxes are speci fically excluded as security for outstanding debt. The debt ratios for the City at the end of the 1983 fisal year were as follows:

Ratio of Debt to

, Assessed Value Ratio of Debt Debt (85.0% Of Present to Present Per Amount Market) Market Value Capita Net direct bonded debt $50,945,000 1.6% 1.3% $474.10 The City currently has outstanding $63,800,000 of Capital Bonds secured by a pledge of certain legally available general government revenues, exclusive of ad valorem taxes. As of September 30, 1983, the City held in sinking funds, invested sinking funds and reserve funds for the exclusive benefit of bond holders of these Capital Bonds $12,855,000, leaving a net indebtedness of

$50,945,000. The City Commission has recently adopted a debt policy to assist in the planning of future general government debt.

Additionally, the City has outstanding certain self-supporting revenue bonds which includes $133,790,000 of Electric Revenue Bonds with $14,104,000 available for debt service, and $26,980,000 of bonds secured by the gas, water and sewer systens with $2,816,800 available for debt service. In 1983, the rating of the Capital Bonds was upgraded by Standard and Poor's from "A" to f

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4 "A+". There were no additional changes this past year in any other bond ratings. The following is a schedule of the City's bond ratings:

Standard Bonds Moody's & Poor's i Capital Bonds Al A+

Electric Revenue Bonds Al AA Municipal Utility Revenue Bonds Al A+

Municipal Gas Revenue Bonds Not rated A Municipal Water & Sewer Revenue Bonds Al AA All reserve requirements mandated by bond covenants are fully funded at the i prescribed levels.

Special Revenue Funds Special Revenue Funds account for revenue from special revenue sources which are legally restricted for specific purposes. The combined fund balances of r j these funds amount to $22,211,300, and the following represents an analysis of sources and uses in the Special Revenue Funds for 1983:

( Change in Fund Sources Uses F"nd Balance Special Insurance Reserve Fund $ 98,500 $ $ 98,500 Deficiencies & Emergencies Fund 2,743,900 500,000 2,243,900 Water & Sewer Line Extension and Depreciation Fund 938,800 1,662,100 723,300 Special Capital Projects Fund 1,703,500 _

1,703,500 j TOTAL $5,484,706 $2,162,100 $3,322,606 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 l Deficiencies and Emergencies Fund accounts for unforeseen expenditures of an emergency nature, as well as the accumulation of assets to meet such l

emergencies and for unexpected or unbudgeted revenue shortfalls.

3 The Water and Sewer Line Extension and Depreciation Fund was established for i

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, I this fund may make payments of principal and interest, when due, on bonds sold to finance such improvements, extensions, renewal and replacements of the l water and sewer systems. This fund is used only to collect system impact fees i and not for capital construction. Any expenditure is made out of either the i

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 l expended.

The Special Capital Projects Fund provides means of financing long-term i

, Capital Projects while minimizing the impact on the Operating Budget.

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4 Capital Projects Funds Proceeds of general revenue bond issues and internal general government type fundings are primarily accounted for in Capital Proj ects 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 1983, a net amount of $6,224,200 of such assets was added to General Fixed Assets primarily representing such expenditures.

The Capital Project Fund balances on hand at September 30, 1983, were

$21,994,900 represented primarily in cash, including investments and

$2,340,700 due from other governments.

These assets are primarily intended to be used to construct a Municipal Services Building, Parks and Recreation Land Acquisition and Construction, Streets, Sidewalks and Bikeway Construction, as well as the land acquisition and construction costs for three new fire stations.

Special Assessment Fund A Special Assessment Fund is established 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.

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, accountability, or other purposes. The City accounts for its Electric, Gas, Water, Sewer, Airport, and Transit Funds as enterprise operations. These funds are primarily supported by user charges. Net Income as used in these funds is a defined accounting term. It is different from Budgetary Income in that depreciation and transfers have been deducted but not bond principal payments, contributions to the required reserve accounts, nor capital purchases.

Electric Fund operating revenues increased to $92,741,300 or $4,943,000 over i 1982. This represents a S.6 percent increase, primarily attributable to I increased base rates and increased fuel escalation costs which are passed ix

through to the consumer. Operating expenses decreased $231,400 to $66,012,700 or a .3 percent decrease under 1982 This is primarily attributable to the combined fuel generated energy cost and purchased power cost which decreased by $2,180,800 as the result of a favorable new purchased power agreement.

Electric customers increased by 1,679 to 60,362 or 2.9 percent in 1983.

Comparative data for the last two fiscal years are presented below:

1983 1982 Operating Revenues $92,741,300 $87,798,300 Net Income After Transfers 6,783,500 4,139,500

, Amount Available for Debt Service 45,308,400 36,083,100 1

Maximum Debt Service 15,814,100 11,034,600 Debt Coverage for Gutstanding Bonds 2.86 (X) 3.27 (X)

The City of Tallahassee maintains separate funds for its gas, water, and sewer operations. However, the outstanding bonds are principally Municipal Utility Revenue Bonds secured by the revenues of the combined operations of these funds which are of ten called the Municipal Utility System. The Municipal Utility System does not include the Electric Fund. Therefore, it is reasonable to show certain combined computations as presented below:

1983 1982 Operating Revenues $19,530,900 $17,371,000 Net income After Transfers 5,255,400 4,596,000 Net Revenues Available for Debt Service 8,438,700 7,672,000 Maximum Debt Service 2,594,472 1,929,269 Debt Coverage 3.25 (X) 3.98(X)

Net Income in the Gas Fund increased from $714,100 in 1982 to $738,200 in 1983, or $24,100. Gas sales actually declined by 107,781 MCF from 1982. This 8.6 percent decrease resulted in sales of 1,143,735 MCF in 1983 and was due to unusually warm weather in the service area. Customers increased by only 45 customers to 7,354 in September 1983.

Net Income in the Water Fund increased from $1,680,500 in 1982 to $2,096,600 in 1983 or $416,100. This was largely due to a rate increase as well as an increase in metered water customers by 1,853 to 37,732 in September 1983.

Hydrant rental customers decreased by 1,892 to 2,086 in 1983 due to successful annexations. Hydrants are supplied without charge inside the City only.

Water sales decreased by slightly under 45 million gallons to 5,785.7 million gallons in 1983.

Net Income in the Sewer Fund also increased from $2,201,400 in 1982 to

$2,421,600 in 1983 or 10 percent. This was largely due to a rate increase, as well as an increase in customers by 1,122 to 31,577 in September 1983.

Net Loss in the Airport Fund increased from $77,400 in 1982 to a net loss of

$224,700 in 1983. This was due to increased cost of items purchased for resale, depreci ation on contributed assets, plus general inflation.

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Negotiations were completed with the airlines who service and use the airport, and this is expected to remedy future losses.

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 Transportation Administration (UMTA). Additionally, each year i the operating loss, exclusive of depreciation and capital purchases, has been

{ 50 percent funded by Section V operating grant from VMTA. The loss before Operating Transfers for 1982 and 1983 was $1,701,000 and $1,861,900 respectively. The net loss after Operating Transfers decreased from

$1,051,000 in 1982 to $398,500 in 1983. This was due to an increase in Operating Transfers In from the previous year. Operating Transfers In amounted to $650,000 in 1982 and $1,464,500 in 1983. The increase of Operating Transfers In reflects a $714,000 contribution which is the City's matching share to fund capital projects. The City Commission believes it is in the best interest to have the municipally operated transit system and demonstrates their commitment by continuing to provide operating subsidies for the system.

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 accounted 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 1983. 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, Environmental Protection 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, Fi remen's Pension, Policemen's Pension, and Police Pension Article II Funds. The last actuarial report of these pension plans was completed April 26,1982 based upon October 1, 1981 data. That report indicated that the unfunded liability of the plans was $24,160,542 which is being amortized over 26 years. Employee contributions are either five or seven percent of salaries based on benefits to the individual. City contributions to the plans during the year were

$3,415,900 or 31.0% of revenues. The City Commissioners serve as trustees of these pension funds with assets of $56,292,500.

Other trust and agency funds include the Stadium Construction, Stadium Operations and Maintenance, Downtown Improvement Authori ty, Downtown xi l

Improvement Authority Parking Garage, and the Leon County Franchise Fee Funds.

These other funds have assets of $447,600 and, serve various purposes in the best interest of the City.

General Fixed Asset Account Group The General Fixed Assets of the City are those assets used in the performance of general govermental functions and exclude the fixed assets of the Enterprise 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 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 $39,143,200 of general fixed assets which were acquired from General Fund Revenues, bonds, and gi f 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.

Cash Ma_nagement Progra_m Beginning in 1977, in order to maximize the value of idle cash, through a bidding process the City entered into an agreement with a bank to provide the necessary banking services. The agreement was modified and was rebid during 1982. The agreement calls for the bank, on a daily basis, to invest all monies in our demand accounts in excess of $6SO,000 in an overnight repurchase agreement at the Federal Funds rate. Earnings directly attributable to our banking services agreement for Fiscal Year 1983 are $361,702.

On June 28, 1983, the City Commission, by ordinance, amended the City Charter relative to investment of City funds to provide for the adoption of an investment policy. In conjunction with the passing of this ordinance, the City Commission adopted in investment policy. The new investment policy ,"

provides the City Treasurer with a wider range of securities from which to j choose with the inclusion of banker's acceptances, commercial paper, and various government agencies and sponsored corpcrations. These instruments provide greater flexibility and diversity as well as a higher return on investments. At the same time, the policy puts into place restrictions that j require diversification of investment types and issuers, liquidity and l

maturity provisions, and standards for rating security issuers.

The adoption of these policies has brought the City's investment operation into step with other innovative municipal operations and provides the mechanism for keeping our policies current with the everchanging investment environment.

Economic Trenis, Government employment, which represents 41.9 percent of the non-agricultural jobs in Leon County, has a stabilizing ef fect on the economy and helps to keep l

l l

xii

a unemployment relatively low. The average annual civilian labor force (non-agricultural) in 1983 was approximately 86,784. Of the work force, 4.4 percent were unemployed, compared to the state average of 8.1 percent.

There are several factors that influenced the rate and conposition of construction in Leon County. Two of the most significant factors are lending rates and the State budget.

As mortgage rates climbed from 13.4 percent in 1980 to 16.9 percent in March -

of 1982, the numbers of single-f amily permits plummeted. During mid-1982 when mortgage rates began dropping, the single-family market began to respond to these lower rates and pent-up demand. The latter months of fiscal year 1983 '

have seen an explosion in the issuance of single-family building pennits.  ;

The State's budget is tied more to state growth, the GNP, and the National ,

prosperity as a whole. As long as Florida grows, Tallahassee-Leon County is expected to grow both in new state buildings and construction generated by new State related enployment.

As state and federal assistance is becoming less available, the City is having to adjust to these changes. This new environment and the City's attenpt to reduce its dependence on electric revenue for general governmental operations has placed us on a course of broadening our revenue generating base through an aggressive annexation program and a shifting enphasis to user charges.

It is important to recognize that this fall the citizens of the State of Florida will be called upon to vote either for or against adopting the -

" Proposition 1" amendment to the State Constitution. If adopted the amendment will significantly alter the aforementioned economic trends. State and local government will be severely limited in their ability to finance the services that they are currently providing to the community.

Independent Audit The Florida Statutes and the City's Bond Resolutions require an annual audit of the books of account and financial records of the City by independent certified public accountants selected by the City Commission. This -

requirement has been conplied 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, 1982.

In order to be awarded a Certificate of Conformance, the City must publish an easily readable and ef ficiently organized comprehensive annual financial report, whose contents conform to program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requi rements.

XIii 11

l 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 requi rements , and we are submitting it to MFOA to determine its eligibility for another certificate.

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. We wish to express our appreciation to all members of the Department who assisted and contributed to its preparation. We would also like to thank the members of the City Commi ssion for their interest and support in planning and conducting the financial operations of the City in a responsible and progressive manner.

Respectfully submitted, y s. +

Ph D F. Inglese, C.P.A.

QrectorofFinance

[ = -

Daniel A. Kleman City Manager xiv

Certi:!icate .

o::

Con:!ormance in Financial Reporting =

Presented to City of  :

Tallahassee, F orida For its Comprehensive Annual Financial Report for the Fiscal Year Ended September 30,1982 A Certificate of Conformance in Financial Reporting is presented by the Municipal Finance Officers Association of the United States and Canada to govemmental units and public employee retirement systems whose comprehensive annual financial reports (CAFR's) are judged to substantially conform to program standards, 3 g g President Executive Director N

XV

CITY OF TALLAHASSEE ORGANIZATION CHART The People of Tallahassee City Commission City Treasurer City City Attorney Clet Manager Auditor Deputy Deputy City Manager City Manager Comm. Admin.

Services Services i

Director- Director- Director- Director-Underground Management Employee Director-Electric Finance Utilities and Budget Relations Director- Project pg Director-Public Manager Dir Chi f Affirmative Works 201 Facilities Action annin9 Director- Director- Director-Parks and Director- Police Aviation Chief General Data Recreation Services Services Director-Taltran """ I improvement xvi

CITY OF TALLAHASSEE, FLORIDA LISTING OF CITY OFFICIALS ELECTED OFFICIALS Mayor-Commissioner . Carol Bellamy Mayor Pro Tem-Commissioner . Kent Spriggs Commissioner . . Dr. W. Judd Chapmari Commissione- . James R. Ford Commissioner . . Hurley W. Rudd ,

APPOINTED OFFICIALS .

=

City Manager . Daniel A. Kleman City Treasurer-Clerk . . Robert inzer City Attorney . . James English City Auditor . James Gould l

DEPARTMENT DIRECTORS Deputy City Manager-Community Services . . Joe B. Dykes, Jr.

Administrative Services .E. Dean Block Mariagement of Budget . Charles F. Cuthbertson Planning . Frank Branan General Services . . Charles Barrier Employee Relations . .Evelyn A. Brion Fire .Edwin Ragan Police . . Melvin Tucker Tallahassee Transit . . John L. Carter Aviation . . Robert Johnson Electric Utilities . . Benjamin Wait, lil Underground Utilities . Thomas Smith Public Works . R. A. Miller, Jr.

Community Improvement . George Manning Parks and Recreation . Randy Trousdell Affirmative Action . .Sharon Strong Finance . . Philip F. Inglese Data Services . . . . Fred Joiner xvii

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O e Y . O

%+3 ,

l  :

Williams Coo 3ers Cox

&Ly3 rand Weidner Cox December 9, 1983 The Honorable Mayor-Commissioner and City Commissioners CiLy of Tallahasacc, Florida We have examined the combined financial statements of the City of Tallahassee, Florida,as of and for the year ended September 30, 1983, as listed in the table of contents. Our examination was made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.

In our opinion, the combined financial statements referred to above present fairly the financial position of the City of Tallahassee, Florida, at September 30, 1983, and the results of its operations and the changes in financial position of its proprietary fund types for the year then ended, in conformity with generally accepted accounting principles applied on 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 ccmbining financial statements and schedules listed in the table of contents are presented for purposes of additional analysis and are not a required part of the combined financial statements of the City of Tallahassee, Flcrida. The information has been sub-jected to the auditing ;.rocedures applied in tne examination of the combined #inancial statements and, in our opinion, is fairly stated in all material respects in relation to the combined fi-nancial statements taken as a whole.

f'c M

(

Coopers & L rand f byh kWA Williams, Cox, Weidner and Cox 1

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GENERAL PURPOSE FINANCIAL STATEMENTS (Combined Statements - Overview)

These basic financial statements provide a summary overview of the fi-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.

4 l

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CITY OF VALLAHASSEE, FLORIDA COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS September 30,1983 Fouc ary Fund Tyoe Account Groups Tc. tats Govemvrat Fo nd Types Peconetay F,,nd Types Wevae Cmy)

Speaan Dett Capaai Spec ia' inte+nal Trust General General Lor 9 Emerpnse Service a'd Agency Fared Asse?s term Deot Sect 30 1983 Sept 30.1982 ASSET *.i Gener ai _ Revenue Servce Progts , Assessmeat 5 - 5 5 268 900 $ 322 400 5 35 600 5 - 5 - 5 53.000 $ - 5 158 600 5 21.700 $ - -

Casn 1,100.400 907 600 8 065 600 -

67.364 400 40.?68.000 Equay e Pooled Casn t.227 800 20.196 900 8 074.700 19 857.100 7.934.300 48.118 900 - -

50177100 58 021.100 investment at Amortrec Cost - 2 058 200 - - - -

f Receivabtes 763.900 906.800 i

- - 763 900 - - - - -

Special Assessmeets - -

27200 634.600 l

- - - - 23 600 - - 3 600 - -

Accr ued enterest Receivacne 832 300 748.200 l 348.600 - 483.700 - -

Note Receivab*e -

9. t 70. t 00 8 831 700 l 497 000 - - - -

8.673.100 - -

Customers 4.183 300 4. Ants 000 l 617.800 - -

2.340.700 -

1.071.300 51.300 102 200 - -

Otwa Less A:lomance for Dovettui - - -

(720.100) (919 300)

(39.300) - - - -

1680 800) -

Accounts

- - - - - 37.700 - - - 37.700 587.700 Due from Omer Funds

- - 60.000 - - - - -- - 60 000 -

Advance to Trust Fund 6 900 6.500 - - -

13 400 61.900 Ceposets -

2.484.900 - -

11 922.500 11.857.900 9 437.600 -

in.emory Restrcted Assets. - - - 30 000 - - - 30.000 40.300 Cash 70.135 400 32.219 500 67.331.200 2 904.200 - - -

A E@ay in Porsed Casm -

- - - 4 532.000 15.548 000 investmems at amorteed cost - - 4 592.000 - - - -

- - - 140 800 147,500

- 740 800 - - - -

Accrued interest receivable -

- 933.700 249.300 933.700 - - -

Accounts RecenraNe - - - 47,500 45.800 Depos ts - - 47.500 - - _ -

Fmed Assets (not of 292.170.400 278.449 300 247.659.300 5.367.900 -

39.143 200 -

accurrMated depreciation) - -

- - - - - - - - - - 5.700 Goodedt 672.600 730 700 672.600 - - -

UnamortLred Bond issue Cost Amount avadable in Debt Sennce - _ _ - - - -

12.855 000 12.855.000 8 238.900 pg - -

Arnous=" to be provided tar Retrement _ _ _ - - - 51 014.500 51.014.500 50 561.100 of General Loryterm Debt - -

51I.711.800 556.774 000 539 143 200 563 869 500 5576 692.600 5512.467.100 Total Assets 5 2 338 900 522 255.100 512 85 % 000 $22 310 300 5 1.887 900 $343.546 400 UA81UTIES AND FUND EOUlTY bacehoes- 6.597,700 5 5.670.100 5 16.800 5 1.300 5 6.310 500 5 129.000 5 37.000 5 - 5 -

5 Accounts Payaose 5 59.300 $ 43.800 5 -

1.469.400 - - - -

f.469 400 2.493.500 Contracts Payabie -

488.700

- - 228.700 - - - - - -

228.700 Reta.nage Pavaone -

2.100 - - - -

37.700 587.700 Oue to Otner Funds 35.600 - -

- - - - 60.000 - -- 60.000 -

Adwance from Capital Protect Fund - - -

Advance from Munacipakty - f.356 200 1.310.000 - - - -

f.3 t 0.000 Generat Revenue Bands -

176.000 93.000 - - - - 93 000 Customer Advances for Constructen -

3.312.400 3 311.400 Utdsty Deposits PayaDie - - - - -

3.312.400 - - -

Loaft from Muncoaa Rettement - - 348.600 - - - -

348 600 374 100 Fund -

. - . , - - 77 p p. . . ; . s = . [ ~ : - L . ; f

+

R ' :. 3: . J _ '. ;. * ,:; . J."7 ~-+ v- v.

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.= - r -n

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.. __ 3 2

- c i . ,. -

.r .

%. ^ - ' I'** .',,

g ,. . * ., ' . - 1sek. . . ' . . ., ' ,'  ;. ,

, ,* . . e -

~. . . , ' , - , , ,y

[ . , , _a

.," y. ,A  % _' . 4 .'* *

- , S,' f

• 3

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. . . _ , -. .e -.._; .

.- - - e .

- _ . . _ . _ _ .m - -__ .__ _ - - - __ . _ _ . . . - _ _ _ . ._ _ . __m ._ __ ~ _ . . _ . _ - . . _ _ - _ _ . , . _ . _ - . _

Payeese from Resucted Assets' Accrued Interest and Carmen ssmons l Payape - - - - -

5.800 - - - -

5.800 8.000 Rowerue Bonds Payacee - - - - -

200 000 - - - - 200.000 200.000 Retanage & Accounts Payape - - - - -

1.4M600 - - - - 1.486 600 166.400 Deserved Revenue - - - 70.800 -

87.i00 -

135.000 - -

292.500 tie 400 Revenue Bonds Payepe - - - - -

160.570.000 - - - 63.M O.000 224.370.000 177260.000 Bond Decount - - - - -

(2.020200) - - - -

(2.020 2006 (1.611.500)

Spaces ? .u.; peores - - - -

1.500.000 - - - - -

1.500.000 1.500.000 Scoces Assessments Cert & cates Payape - - - - 94.600 - - - - -

94.600 109.500 peosos Payape - - - - -

- - - - 69.500 69.500 -

Antcoation peotes Payape - - - - -

- - - - - - 23 000 000 Totat Lanessmes. 94.900 43 800 -

315 900 1.595.900 173.175.300 129 000 232 000 -

63869500 239.456 300 215224 500 Fund Equry Contreused Capstal - - - - - 46.916.700 - - - -

46.916.700 43.910.500 Investment a General Fmed Assets - - - - - - - - 39.143.200 -

39.143200 32.919.000 Rotomed Earrvnga Reserved sor work Orders - - - - - - - - - - -

641.000 Reserved tor Law Enforcement - - - - - - .30 000 - - - 30 000 30.000 Reserved for Fleet Management - - - - - - 2.804 200 - - -

2.804 200 1.910.300 Reserved for Revenue Bonds:

Debt Sarwce - - - - -

1278.100 - - - -

s.278.100 423.100 Reserved for Revenue Bonos - - - - -

15.520.500 - - - -

15.520.500 12.000.100 Reserved for Revenue Bords Construcaon - - - - -

32.497.100 - - - - 32.497.100 14.936 400 Reserved for Omer Construction - - - - -

1.964 900 Reserved for Omer - - - - -

2.584.000 401.400 - - -

2.985 400 -

Reserved tor Revenue Bonds

" Renemel and Rapiecement - - - - -

14.376200 i

- - - - 14.376.200 11.901200 Unreserved - - - - -

57.t w8.500 8.347200 - - - 65.545.700 78.229 700 FJed Solences-(

t Reserved for Adwances to Trust l Fund - - -

60.000 - - - - - -

60.000 -

Reserved for Encumerances 443.100 - -

14.812200 353.400 - - - - - 15.608.700 13.854.000 Reserved tor Law Ensorcement Trust Fund - - -

127.700 - - - - - -

127.700 100.900 Reserved for Employee Retrrement Piens - - - - - - -

56292.500 - -

56.292.500 47.816.900 Reserved for Commuruty and Rehabeta ,we Trust - - - 53.000 - - - - - -

53.000 10.300 Reserwoo for Dets Sennce - - 4.780.:00 - - - - - - -

4.780.300 3.963.000 tJnreservee l Desagnated tor Revenue l Shoritan - 62.300 - - - - - - - -

62.300 62.300 Desagnated for Dent Serece - -

8.074.700 - - - - - - -

8.074.700 4.275.900 Undesagnated 1 800.900 22.149.000 -

6 942.000 (61.400) - -

249 500 - -

31.080.000 27.473.100 l

Toest Fund Ecurty 2244.000 22.211.300 12.855.000 21.994 900 292.000 1 5 371.100 11.582.800 56.542.000 39 143 200 -

337236.300 . 297 242 600 Total Liat> Ices and Fund Eausty $ 2.338.900 $ 22255100 5 12.855 000 5 22.310.800 $ 1887.900 $ 343.5J6.400 $ 11.711.800 $ 56.774.000 $ 39.143 200 $ 63 869.500 5 576 692.600 5 512.467.100 Tt.e accompanymg notes are an miegrar part at these knances statements.

l

\

CITY OF TALLAHASSEE, FLORIDA COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS l For the Fiscal Year Ended September 30,1983 I Fiduciary Totals Governmental Fund Types Fund Type (Memorandum On!y)

Special Debt Capital Special Expendable September September General Revenue Service Projects Assessment Trust 30.1983 30.1982 Fund Balances-October 1 $ 1,929.200 $18,888.700 $ 8.238.900 $19.711,800 $507,700 $231,600 $49.507,900 $50,674,100 i Revenues Taxes 8.595,100 - - - -- 52,500 8,647,600 8,259,200 Licenses and permits 1.119.800 - - - - - 1,719.800 1,050.300 Intergovernmental revenues 8.298.900 - - 3,223,000 -

44.300 11,566,200 7,531,400 Charges for services 3,540,200 612,200 - - -

139.600 4,292.000 3.515,600 Fines and forfeits 389.500 - - - - - 389,500 274.200 Interest earned 665,800 2.860,200 350,700 2,684,500 233,900 41,300 6,836,400 8.193,500 Miscellaneous revenues 129.900 12.300 46.300 41,300 300 -

230.100 226.200 Total Revenues 23.339.200 1,484,700 397,000 5.948,800 234.200 277,700 33.681,600 29.050,400 Expenditures:

Current General government 5.274,600 - - 1.444,400 94,700 208.600 7,022,300 7,054,200 Public safety 11.589.300 - - - - - 11,589,300 10,803,700 Hghways and streets 4,326,200 - - 1,762,400 355.200 -

6.443.800 3,186.000 Sanitation 4.043.000 - - - - - 4,043,000 3,314,400 Health 247,200 - -

15.100 - - 262,300 1,060.200 Welfare 799.900 - - 1,024,300 - - 1,824.200 1,135,800 Culture and recreation 3.686.700 - - - - - 3,686.700 3.205.200 Education - - -

86.600 - -

86.600 104.100 Capital outlay -

18.800 - 7,178.100 - - 7,196,900 1 t .911,000 Debt service:

Principal retirement - -

20.000.000 - - - 20.000,000 -

Interest and fiscal charges - -

3.320 400 - - - 3.320,400 4,195.600 Total Expenditures 29.966,500 18.800 23.320,400 11.510.900 449.900 65,475,500 45,970.200

_208.600 Excess of Revenues over (under)

Expenditures (6.627.700) 3,465.900 (22.923,400) (5.562.100) (215,700) 69.100 (31,793,900) (16.919.800)

Other Financing Sources (Uses):

Proceeds from sale of property - - - 40,000 -

25.000 65,000 150.000 Proceeds from capital bonds - - - 24.613,400 - - 24.613,400 -

Cperating transfers in 21.754,800 2,000,000 27,5M130 8.278.700 - - 59,573,000 29,889,400 i

Operating transfers out (14.812.300) (2.143.300) -

(25.086.900) -

(76.200) (42.118,700) (14.285.800)

Total Other Financing Sources (Uses) 6.942,500 (143,300) 27,539,500 7,845,200 - (51,200) 42,132,700 15,753,600 Excess of Revenues and Other Sources over (under)

Expenditures and Other Uses 314.800 3,322.600 4.616.100 2.283.100 (215.700) 17.900 10.338.800 (1,166.200)

Furd Balances-September 30 $ 2.244.000 $22,211,300 $12.855.000 $21.994.900 $292.000 $249.500 $59.846,700 $49,507,900 The accompanying notes are an integral part of these financial statements.

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l CITY OF TALLAHASSEE, FLORIDA COMBINED STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL GENERAL AND SPECIAL REVENUE FUND TYPES 1

For the Fiscal Year Ended September 30,1983 General Fund Special Revenue Funds Variance Variance Favorable Favorable Encum- Budgetary (Unf a <- (Unfav-Actual brances Basis Bud (,et orable) Actual Budget orable)

I Revenues:

Taxes $ 8.595.100 $ - $ 8.595.100 $ 8,442,100 $ 153.000 $ - $ - $ -

Ucenses and permits 1.719.800 - 1,719.800 1,553,600 166.200 - - -

Intergovernmental revenues 8.298.900 -

8.298.900 6.226.000 2.072.900 - - -

CharCes for services 3.540.200 -

3.540.200 3.234.100 306,100 612.200 612,200 -

Fines and forfeits 389.500 - 389,500 273.000 116,500 - - -

Interest earned 665.800 -

665.800 727.600 (61,800) 2.860.200 2.840.200 20.000 Miscellaneous revenues 129.900 33.200 163.100 63.300 99.800 12.300 12.300 -

Total Revenues 23.339.200 33,200 23.372.400 20.519,700 2.852.700 3.484,700 3.464,700 20,000 E spenditures.

Current General government 5.274.600 43.500 5,318,100 6,259.100 941,000 -

500.000 500.000 Public safety 11,598,300 159.500 11.748,800 12,095.400 346.600 - - -

Highways and streets 4.326.200 34.600 4.360.800 4.592.700 231,900 - - -

Sanitation 4.043.000 6.600 4.049.600 3.984,300 (65.300) - - -

Health 247.200 1.000 248.200 223,800 (24.400) - - -

Welfare 799,900 3.400 803,300 825,700 22,400 - - -

Culture and recreation 3,686,700 18.600 3.705.300 3.604.000 (101.300) - - -

Capual outlay - - - - -

18.800 18.800 -

Total Expenditures 29.966.900 267.200 30.234.100 31.585.000 1.350.900 18.800 516.800 500.000 Excess of Revenues over (under) Expenditures (6.627.700) (234.000) (6.861,700) (11,065.300) 4.203.600 3.465.900 2.965.900 500.000 1

! Other Financing Sources (Uses)-

Operating transfers in 21,754.800 - 21,754,800 19,529.600 2.225.200 2.000,000 2.000,000 -

Operating transfers out (14.812 '00) -

(14.812.300) (8.464.300) (6.348.000) (2.143.300) (2,143,300) -_

l Total Other Financing Sources (Uses) 6.942.500 -

6.942.500 11.065.300 (4,122.800) (143.300) (143.300) -

Excess of Revenues and other Sources Over Expenditures and Other Uses $ 314.800 $(234.000) $ 80.800 $ - $ 80.800 $3.322.600 $2.802.600 $520.000 The accompanying notes are an integral part of these financial statements.

7

A CITY OF TALLAHASSEE, FLORIDA 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 30,1983 Proprietary Fiduciary Totam Fund Types Fund Type (Memorandum Only)

Internal Pension September September Enteronse Service Trust 30.1983 30.1982 Operating Revenues I Charges for Services $116.269.300 $13.793.700 $ - $130.063.000 $121.491.400 investment Revenue - -

4.983.100 4.983,100 4.153.100 Contributions 3 6.009.400 6.009.400 5.079.900 Other -

66.300 9.000 75.300 90.500 total Operating Revenues 116.269.300 13.860.000 11.001.500 141.130.800 130.814.900 Operating Expenses Personal Services 11.256.800 4.243.700 - 15,500.500 13.523.500 Fossil Fues 39.85*.800 - - 39.852,800 47.318.800 Power Purchased 6.563.000 - -

6.563.000 636.100 Gas Purchased 4.870.000 - -

4.870.000 4.480.000 Materials and Supplies 1.353.600 299.400 -

1.653.000 1.760.400 Contractual Services 11.977,500 7.817.700 - 19,795.200 18.114,100 Other Espenses 2.174,700 554.700 -

2.729.400 1.571.200 Less Applied Equipment Charges (1.116.000) - - (1,116.000) (723.000)

Depreciation 11.467.300 759.800 - 12.227,100 11.618.700 Amortization 188.300 - -

188.300 195.100 Administration - -

276.000 276.000 147.700 Benetit Payments - -

1.559.500 1.559.500 1.368.200 Refunds - -

298.000 298.000 262.200 Medical Insurance - -

412.400 412.400 398.200 Total Operating Espenses 88.588.000 13.675.300 2.545.900 104.809.200 100.671.200 Operating income 27.681.300 184 700 8.455.600 36.321.600 30.143.700 Nonoperating Revenues (Empenses)

Interest 11.154.000 326.800 -

11.480.800 8.870.500 l Gain on Sale of Gurplus Property 43.900 5.200 -

49.100 98.900 Recovered Costs 25.600 - -

25.600 20.800 Federal Grant Revenue 50.700 - -

50.700 62.600 Insurance Claims - - - -

16.900 Other Revenues 2.176.900 114,900 -

2.291.800 1.055.100 Interest and Commission Espenses (10.127.700) - - (10.127,700) (8.321.200)

Loss on Sale of Property (1,100) - -

(1.100) (15.100)

Amortiration (Goodwill) (5.700) - -

(5.700) (5.700)

Other Espenses (1.760.700) - -

(1.760.700) (1.900)

Total Nonoperating Revenues (Empenses) 1.555.900 446.900 -

2.002.800 1.780.900 income Before Operstm0 Transfers 29,237.200 631.600 8,455.600 38.324.400 31.924.600 Oper:tino Transfers in (Out)- Not (17.820.500) 366.200 -

(17.454.300) (15.603.600)

Net income 11.416.700 997,800 8.a55,600 20.870.100 16.321.000 Dispeition of Net income increase in Contreuted Capital (1.461.900) - -

(1.461.900) (650.000)

Depreciation on Contreuted Assets 1.247.900 - -

1.247.900 1.103.100 Not increase in Retained EarningsIFund Balances 11.202.700 997.800 8.455.600 20.656.100 16.774.100 Ret;med EarningsIFund Ba'ences - October 1 112.251.700 10,585.000 47.836.900 170.673.600 153.899,500 Retamed Earnmgs/ Fund Balances - September 30 $123.454.400 $11.582.800 $56.292.500 $191.329.700 $170.673.600 the accompanymg notes are an integral part of these 'inancial statements 8

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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 Enced September 30,1983 Pemrietary Fiduciary Totals Fund Types Fund Type (Memorandum Only)

Internal Pension September September Enteronse Service Trust 30.1983 30.1982

, Sources of Working Captat

Operations nit income $11.416.700 $ 997.800 $8.455.600 $20.870.100 $16.321.00u itema not requinng (providing) workm9 captal-Deoreciation 11.437.300 759.800 -

12.197.100 11.618.700 Amortisation 194.000 - - 194.000 200.800 Workin9 Capital Provided by Operations 23.048.000 1.757.600 8.455.600 33.261,200 28.140.500 Inctnes in Customer Contracts Payable 53.500 - -

53.500 66.200 Decrstse in Long Term Portion of Note Receivable - - 25.400 25.400 49.100 Centributions 2.792.300 - - 2.792,300 9,989.000 Decruse in Restricted Assets - - - -

7.113.000 Dxrscse 6n Deposits 48.500 - - 48.500 300 Decrssse m Notes Receivable 27.600 - - 27.600 -

Ritirement of Plant in Service - 18.600 - 18.600 40.900 incrsese m Customer Advances for Construction 78.200 - - 78,200 3.900 inctstse m Deferred Revenue - - - -

11.700 increase in Payable for Restricted Assets 1.358.700 - - 1.358.700 -

Incesssa e Bonds Payable 27.000.000 - - 27.000.000 -

Total Sources of Working Capital 54.406.800 1.776.200 8.481.000 64.664.000 45.414.600 Uses of Workm9 Captal.

1. .cquioton of Plant and Equipment 18.494.700 1.211.500 - 19,706.200 26.962.100 increa2s in Restncted Assets 25.928,100 893.100 - 26.822.000 1.328.300 Decrease m Customer Advances for Construct-on - - - - 33.000 Decrscse m Bonds Payable 7.890.000 - - 7,890.000 4.655.000 Decrease in Deferred Revenue 27.300 - - 27.300 29.800 Reduction in Advance from MunKipahty 48.600 - - 48.600 46.300 Decrease m Customer Contracts Payable 218.500 - - 218.500 41.600 j

Re&ction of Loan from Municipal Retirement Fund 27.600 - -

27.600 25.500 Docrscse en Payable fram RestrWted Assets 60.700 - - 60.700 1,681.300 incrase in Bond Discount 538.900 - -

$38.900 -

> Total Uses of Workmg Captal 53.234.400 2.105.400 - 55.339.800 34.802.900 Nst increase (Decrease) in Working Captal $ 1.172.400 $ (329.200) $8.481.000 $ 9.324.200 $10.611.700 Elements of Net increase (Decrease)in Workmg Captal.

Ccan $ (106.100) $ (400) $ - $ (106.500) $ 189.800 Equity in Pooled Cash 3.315.800 (398.200) 4.938.900 7.856.500 (3.873.900)

Accrued interest Receivable (185.000) -

(35.900) (220.900) 31.600 investments - at Cost - -

3.571.400 3.571.400 14.395.300 Acccrants Receivable (875.900) 28.600 6.600 (640.700) 503.300 Inventory 18.800 45.800 - 64.600 150.930 Due from Other Funds - - - -

37.700 Notes Recesvable 2.100 - -

2.100 2.000 0;her - - - - -

Acccants Payable (2.481.900) (5.000) -

(2.486.900) (129.700)

Customer Contracts Payable 778.900 - - 178,900 (692.700)

Customer Advances for Construction 161.200 - - 161.200 644.600 Due to Other Funds $50,000 - -

550.000 (552.100)

Utihty Deposits Payable (1,000) - - (1,000) (90.800)

Loan from Municipal Retirement Fund (2.100) - -

(2.100) (2.000)

Advance from Municipahty (2.400) - -

(2.400) (2.300)

Net increase (Decrease) en Working Captal $ 1.172.400 $ (329.200) $8.481.000 $ 9.324.200 $10.611.700 The accompanymg notes are an tetegral part of these financial statements f

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l-4 NOTES TO FINANCIAL STATEMENTS i

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CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1983 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 Gen 6tal Fund - The General Fund ic tne general operating fund of the City. It is used to account for all financial resources except those required to be accounted for in another fund.

Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than special assessments, expendable 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 appropriate for capital maintenance, public policy, management control, accountability, or other purposes, Internel Service Funds - Internal Service Funds are used to account for the financing of goods or services provided by one department or agency to other departments or agencles of the City, or to other governments, on a cost-reimbursement basis, 11

I CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1983 NOTE 1 - (Continued)

FIDUCIARY FUNDS Trust and A~ency 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 Tern. Liabilities The accounting and reporting treatment applied to 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 fiow" 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." Govemmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in not current assets. Accordingly, they are said to present a summary of sources ar.d 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 liabilities in the General Longlierm 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 (not total assets) is segregated into contributed capital and retained earnings components. Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in not total assets.

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CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1983 NOTE 1 - (Continued)

Depreciation of all exhaustible fixed assets used by proprietary funds is charged as an expense against their operations. Accumulated depreciation is t'eported 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 Comm,ssion's Un!!orm 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 accounting 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 not 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 accrued unless fully matured and unpaid. Property taxes are accounted for when measurab!e 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, FLOHlDA NOTES TO FINANCIAL STATEMENTS September 30,1983 NOTE 1 - (Continued)

1) Prior to August 1, the City Manager submits to the City Commission a proposed operating budget for the fiscal year commencing the following October 1. The operating budget includes proposed expenditures and the means of financing them.

2) Public hearings and workshops are conducted to obtain taxpayer comments.

3) Prior to September 30, the budget is legally enacted through passage of an ordinance.

4) The City Manager is authorized to transfer budgeted amounts within departments; however, any revision 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 modified 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 basta 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 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 Captlal Projects Funds since most projects have completion cycles that span more than 010 year. Therefore, we are of the opinion that such statements would '

possib;y 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.

E. Encumbrances Encumbrances accounting, under which purchase orders, contracts, and other commitments for the expenditures of monles are recorded to reserve that portion of the applicable appropriation, is employed as an extension of formal budgetary integration in the General Fund, Capital Projects Fund ar.d Spac!al Assessment Fund. Encumbrances outstanding at year end are reported as <eseMtions of fund balance since they do not constitute expenditures or liabilities.

F. Investmonts During the year endeo September 30,1981, the City established a pooled investment account.

Under this program, alt available cash which is not legally restricted is pooled together for investment purposce 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, j 14

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CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1983 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 according to their percentage of investment. At September 30,1983, the pooled investment account (" Equity in Pooled Cash") consisted of $133,700,000 of investments and $3,799,800 in cash, investments in 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 cost, which approximates market.

G. Bond Discounts and 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 presented as other assets.

H. Inventory Fuel inventory in the Electric, Airport and Tallahassee Transit Funds are stated at lower of cost or market based upon a moving average cost. Fuel inventory in the Gas Fund is stated at lower of cost or market utilizing the first-in, first-out (FIFO) method. Material inventory in the Tallahassee Transit Fund, consisting of maintenance parts and tires, are stated at lower of cost or market utilizing the method. Inventories held in the Internal Service Funds consist of general office supplies, maintenance parts, tires and fuel held for consumption are stated at weighted average cost. Appropriate allowances have been recorded for obsolete items. Perpetual inventory records are maintained for all significant inventories. None of the Governmental Funds maintain Inventories since such are accounted for in the Internal Service Funds.

l. Total Columns on Combined Statement - Overview Total columns on the Combined Statements - Overview are captioned Memorandum Only to indicate that they are presented only 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 comparable to a consolidation. Interfund eliminations have not been made in the aggregation of this data.

J. 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 and the money is legally restricted to expenditures for special purposes.

The money is utilized only upon approval of the City Commission and its primary use is for extensions, 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 Comm!ssion, moneys are transferred into such funds. An allocation of this money to the water and sewer funds can not be determined prior to the budgeting process and any arbitrary allocation would be misleading.

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l CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1983 NOTE 1 - (Continued) -

K. Advance to Other Funds Noncurrent portions of long-term interfund loans receivable (report in " Advance to" asset ac-counts) are equally offset by a fund balance reserve account which indicates that they do not constitute "available spendable resources" since they are not a component of net current assets. Current portions of long-term Interfund receivables (reported in "Due from" asset ac-counts) are considered "available spendable resources."

4 NOTE 2 - Property Taxes Under Florida law, the assessment of all properties and the collection of all county, municipal 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 valuation method statewide. State stautes permit municipalities to levy property taxes at a rate of up to 10 mills. The current millage rete assessed by the City is 2.528.

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 rollis submitted to the Executive Director of the State Department of Revenue for review to determine if the rolls meet all of the appropriate requirements of State statutes.

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 following the year in which they are assessed. Discounts are allowed for carly payment at the rate of 4% in the month of November,3% In the month of December,2% in the month of 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 not 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, 16 I

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l CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1983 NOTE 4 - Changes in General Fixed Assets During the fiscal year ended September 30, 1983, the following changes in general fixed assets occurred:

Transferred Bafance From Balance October 1, Construction September 30, 1982 Additions Deletions in Progress 1983 Cost Land $ 4,036,700 $ 167,200 $ -

$ - $ 4,203,900 Buildings 7,888,000 322,600 444,200 11,681,900 19,448,300 Improvements other than buildings 4,589,600 353,900 - - 4,943,500 Equipment 5,593,700 89,700 85,400 - 5,598,000 Construction in Progress 10,811,000 5,820,400 - (11.681,900) 4,949,500

$32,919,000 $6,753.800 $529,600 $ $39,143,200

. Investment in General Fixed Assets Capital Projects Funds $24,107,500 $6,264,800 $ - $30,372,300 g General Fund

( Revenues 8,358,400 489,000 529,600 8,317,800

• Gifts 453,100 - -

453,100

- $32,919,000 $6,753,800 $529,600 $39,143,200 A pummary of proprietary fund type fixed assets at September 30,1983 follows:

Enterprise internal Service intangible Assets $ 777,200 $ -

Land 4,484,900 44,400 Structures and improvements 36,696,800 489,100 Equipment 281,507,600 741,500 V:hicles 5,430,100 8,601,700 Construction in Progress 11,167,500 -

Total 340,064,100 9,876,700 Lcss: Accumulated Depreciation (92,404,800) (4,509,800)

Not '/- $247,659,300 $5,367,900 17

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CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1983 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 30,1983 was as follows:

Tallahassee Total Electric Gas Sewer Water Airport Transit Entarprise Fund Fund Fund Fund Fund Fund Funds Operating Revenues $ 92,741,300 $ 6.867,000 $ 7,703.200 $ 4,960,700 $ 3,225,200 $ 771,900 $116.269.300 Depreciation and Amortization Expense $ 8.509,400 $ 212.800 $ 1,538,000 $ 449,800 $ 616,500 $ 304.800 $ 11,631,300 Operating income or (Loss) $ 26,728 600 $ 885.300 $ 858.000 $ 1,391,000 $ (188,900) $ (1,992.700) $ 27,681,300 Operating Transfers:

In $ -

$ - $ 1,556,200 $ 1,059,900 $ 11.100 $ 1,464,500 $ 4,091,700 Out $ 21,503,500 $ 366.000 $ 520,200 $ 841,800 $ 72.200 h 1.100 $ 23.304,800 Not income or (Loss) $ 6,783.500 $ 738.200 $ 2,421,600 $ 2,096,600 $ (224,700) $ (398.500) $ 11,416,700 Current Capital:

Contnbutions $ 424.000 $ - $ 1,038.300 $ -

$ - $ 1,330.000 $ 2,792.300 Restricted Assets $ 45,190.900 $ 1,419.500 $ 13,198,900 $ 6.893.200 $ 1,562,400 $ - $ 68.264,900 Property, Plant and Equipment (cost):

Additions $ 12.796,400 $ 411.400 $ 2,919,400 $ 1,723.100 $ 141,000 $ 550.800 $ 18.542,100 2.900 $ 855,300 Deletions $ 850,000 $ -

$ 2,400 $

N:t Working Capital $ 12,898.700 $ 453.800 $ 699,600 $ 572,500 $ 593.700 $ 1,355,800 $ 16,574.000 Total Assets $219.395.000 $ 7.039,400 $ 72,407,900 $ 24,961.900 $ 14,745,400 $ 4,996.800 $343,546.400 Bonds and Other Long term Liabilities:

Payable from Operating Revenues $133,790,000 $ 309.500 $ 18,734 400 $ 7,736.100 $ -

$ - $160,570 Or0 Total Fund Equity $ 77,101,000 $ 6.211.200 $ 52,715.000 $ 16,621,400 $ 12.782.800 $ 4,939,700 $170 371,100 18

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l CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1983 N@TE 6 - Changes in Reserved Retained Earnings - Enterprise Funds The following changes occurred in reserved retained earnings of the various enterprise funds during the year ended September 30, 1983:

Total Enteronse Funds (Merro ElectNc Gas , Sewer Water firport randum Only)

Peserved Retained Earnings

- October 1,1982 Reserved for Revenue Bonds Debt Service $ 383,700 $ 11 .0 $ 17,300 $ 10.200 $ - $ 423,100 Revenuu Donds Reserve 10,800.400 th,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 Constructon 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 -

October 1,1982 27,477.800 953.400 8.710.900 4.070,900 812.700 42.025,700 Add income Earned on Restncted Assets 2,596,400 187,800 1,779,500 894.500 148,500 5,606,700 Transfers from Other Funds - - 1,247,900 1,059,400 - 2,307,300 Debt Service Funding 11.220.300 87,500 1,155.100 479,500 - 12,942,400 Renewal and Replacement Funding 8.010.000 850.000 715,000 432,000 - 10,007,000 increase in Other Reserve 996,800 - - - 447,200 1,444,000 Miscellaneous Revenue 1,786,700 - 2,400 10.900 - 1,000,000 Proceeds from Sale of Bonds 20,581,100 - 3,528.000 2,352.000 - 26.461,100 Deduct Payment of Dond Principal (7,210.000) (103.000) (401,100) (175.900) - (7,890,000)

Transfer to Other Funds -

(215.900) (455,100) - - (671,000)

Interest and Fiscal Charges (8.431.800) (18,300) (1,177.100) (500.500) - (10,127,700)

Transfer of Fixed Assets and Expenses (13.368,700) (399.500) (1,976.900) (1,762.400) (142,100) (17,649,600)

Net Increase (Decrease) in FCserved ReNned Earnings 16.180,800 388.600 4.417.700 2.789.500 453.600 24.230200

$43.658.600 $1.342.000 $13.128.600 $8.860,400 $1.266.300 $$8.255.900 Reserved Retained Earnings -

Septstrcer 30,1981 Reserved for Revenue Bonds Debt Servce $ 1.178,000 $ 9.300 $ 67.200 $ 23.000 $ - $ 1,278,100 Revenue Bonds Reserve 12.926.000 134.500 1,728.500 731,500 - 15.520,500 Revenue Bonds Renewal and Replacement 10,566.000 1,198,200 1,920,800 691,200 - 14.376.200 Revenue Bonds Constructon 18,398,000 - 8,685,000 5,414,100 - 32,497,100 Other 590.600 -

727.100 - 1,266,300 2.584,000 Total Reserved Retained Earr.ings

- September 30,1903 $43.658.600 $1.342,000 $13,128.600 $6.860,400 $1,266,300 $66.255.900 19

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CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1983 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, 1983:

Revenuo Special Expendable General Proprietary Acsessment Trust Total Bonds and notes payable -

October 1,1982 $58,800,000 $141,660,000 $1,500,000 - $201,960,000 New issues 25,000,000 27,000,000 - 69,500 52,069,500 Retired (20,000,000) (7,890,000) - - (27,890,000)

Bonds and notes payable -

September 30,1983 $63,800,000 $100,770,000 $1,500,000 $69,500 $226,139,500 Bonds and notes payablo at September 30,1983 are comprised of the following individual issues:

General revenue bonds and notes:

$38,800,000 Capital Bonds - Series 1978, due in semi-annual installments of

$555,000 to $1,555,000 from November 15,1993 to May 15,2002 with a term payment of $17,575,000 duo November 15, 2007, interest at 6.4%, In addition, the City is required to make sinking fund Investment purchases of

$258,400 to $907,100 through May 15,1993 in order to provide for the term payment due November 15,2007, $38,800,000

$25,000,000 Capital Bonds - Series 1981, due in annual Installments of

$375,000 to $2,375,000 from November 15,1984 to November 15, 2007, interest at 9.16%, 25,000,000 f 63,800,000 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%, 112,790,000

$21,000,000 Electric Revenue Bonds .7, Series 1982, due in annual installments of $250,000 to $2,350,000 from October 1,1984 to October 1, 2006, interest at 8.82%, 21,000,000

$2,000,000 Water and Sower Revenue Bonds - Series 1964, due in annual Installments of $100,000 to May 1,1987, Interest at 4.5%, 400,000

$1,000,000 Municipal Gas Revenue Bonds - Swtos A, due in annual installments of $50,000 to $55,000 through January 1,1985, Interest at 3.25%. 110,000

$500,000 Municipal Gas Revenue Bonds - Series B, due in annual Installments of $25,000 through January 1,1986, Interest at 3.75%, 75,000 20

CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1983 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%. 100,000

$7,300,000 Municipal Utility Revenue Bonds - Series 1970, due in annual installments of $50,000 to $700,000 through October 1,1996, interest at 5.9%, 6,225,000

$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%. 2,600,000

$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%. 11,470,000

$6,000,000 Municipal Utility Revenue Boncs - Series 1982, due in annual installments of $100,000 to $675,000 from October 1,1984 to October 1,2003, interest at 8.72%. 6,000,000 160,770,000 Special Assessment Notes:

$1,500,000 Special Assessment Notes, due November 14,1983 with an automatic roll over provision, interest at September 30, 1983, 5.00 % , 1,500,000 Expendable Trust Note:

Bank Note payable, principal due in 3 annual installments through February 18, 1985, interest at 10% due quarterly, payable by the Downtown improvement Authority. 69,500 Total Bonds and Notes Payable - September 30,1983 $226,139,500 There are a number of limitations and restrictions in the various bond indentures. The City is in compliance with a!! significant limitations and restrictions.

l l

21

CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1983 NOTE 7 - (Continued)

Schedule of Principal Requirements Year Ending Revenue Special Expendable September 30 General Proprietary Assessment Trust Total 1984 $ - $ 5,465,000 $1,500,000 $24,000 $ 6,989,000 1985 375,000 5,730,000 - 24,000 6,129,000 1986 400,000 6,030,000 - 21,500 6.451,500 1987 425,000 5,540,000 - - 5,965,000 1988 450,000 5,850,000 - - 6,300,000 1989 500,000 6,195,000 - - 6,695,000 1990 525,000 6,535,000 - - 7,060,000 1991 575,000 6,940,000 - - 7,515,000 1992 600,000 7.345,000 - - 7,945,000 1993 650,000 7,820,000 - - 8,470,000 1994 2,755,000 8,275,000 - - 11,030,000 1995 2,835,000 8,870,000 - - 11,705,000 1996 3,115,000 5,945,000 - - 9,060,000 1997 3,340,000 6,190,000 - - 9,530,000 1998 3,580,000 6,705,000 - - 10,285,000 1999 3,815,000 7,175,000 - - 10,990,000 2000 4,115,000 7,695,000 - - 11,810,000 2001 3,360,000 8,255,000 - - 11,615,000 2002 3,285,000 6,975,000 - - 10,260,000 2003 1,500,000 7,500,000 - - 9,000,000 2004 1,650,000 7,335,000 - - 8,985,000 2005 1,800,000 7,895,000 - - 9,695,000 2006 2,000,000 8,505,000 - - 10,505,000 2007 2,200,000 - - - 2,200,000 2008 19,950,000 - - - 19,950,000

$63,800,000 $160,770,000 $1.500.000 $69,500 $226,139,500 s

22

f l

CITY OF TALLAHASSEE, FLORIDA r

NOTES TO FINANCIAL STATEMENTS

( September 30,1983 NOTE 7 - (Continued)

Schedule of Debt Service Requirements Year Ending Revenue Special Expendable September 30 General Proprietary Assessment Trust Total 1984 $ 4,934,200 $ 15,456,900 $1,556,300 $29,800 $ 21,977,200 1985 4,941,400 15,442,200 - 27,400 20,411,000 1986 4,942,200 15,440,000 - 22,600 20,405,700 1987 4,941,400 14,615,700 - - 19,557,100 1988 4,939,000 14,607,100 - - 19,546,100 1989 4,958,700 14,613.300 - - 19,572,000 1990 4,949,800 14,587,000 - - 19,536,800 1991 4,961,900 14,599,900 - -

19,561,800 1992 4,945,000 14,580,600 - - 19,525,600 1993 4,948,900 14,600,300 - - 19,549,200 j 1994 6,973,500 14,588,700 - - 21,562,200 l 1995 6,875,800 14,668,300 - - 21,544,100 1996 6,963,500 11,199,200 - - 18,162,700 1997 6,975,400 11,078,200 - - 18,053,600 1998 6,982,600 11,196,100 - - 18,178,700 1999 6.963,900 11,221,100 - - 18,185,000 2000 6,989,300 11,262.100 - - 18,251,400 2001 5,935,600 11,304,500 - - 17,240,100 2002 5,038,500 9,466,800 - - 15,105,300 2003 3,618,500 9,503,200 - - 13,121,700 2004 3,624,800 8,858,700 - - 12,483,500 2005 3,616,200 8,948,800 - - 12,565,000 2006 3,640,500 9,052,000 - - 12,692,500 2007 3,646,200 - - -

3,646,200 2008 20,622,200 - - - 20,622,200 l

$148,529,000 $290,891,600 1.556,300 $79,800 $441,056,700 23

I CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1983 NOTE 8 - Other Required Individual Fund Disclosures Generally accepted accounting principles require disclosure as part of the Combined Statements - Overview, of certalq information concerning individual funds including:

A) Deficit fund equity balances of individual funds. There are no individual funds with a deficit fund equity at September 30,1983.

B) Individual fund interfund receivable and payable balances. Such balances at September 30, 1983 were:

Interfund Interfund Fund Receivables Payables General $ - $35,600 Reading, Billing and Collection 37,700 -

Airport -

800 Tallahassee Transit - 1,300

$37,700 $37,700 C) Excess of expenditures over appropriations in individual funds. There were no individual funds whose expenditures exceeded appropriations at September 30,1983.

24

l CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS

( September 30,1983 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%

refundable if the employee elects to terminate his vesting rights or is not vested at the date of employment termination.

As of October 1,1981 (date of the most recent actuarial valuation), selected actuarial data for each of the plans is as follows:

City Municipal Police Empicyees' Employees' Firemen's Officers' Policemen's Pension Retirement Pension Retirement Pension Fund Fund Fund Fund Fund Unfunded Past Service Cost $15,089,100 $ 907,400 $4,387,900 $3,783,000 $ (24,800)

Recommended City Contributions Amounts $ 1,522,400 $ 1,131,900 $ 319,700 $ 324,000 None As a Percent of Payroll 20.20 % 8.74 % 13.08 % 9.46 % -

Net Assets Available for Benefits $23,647,000 $16,329,100 $8,495,000 $7,616,500 $204,800 Actuarial Present Value of Accumulated Plan Benefits:

Vested $19,800,400 $ 7,148,600 $7,759,200 $5,065,500 $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 l

l 25

CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1983 NOTE 9 - (Continued)

Pension expense of the respective City funds for the year ended September 30,1983 are as follows:

General Fund Firemen $ 332,600 Police 341,400 Other City Employees 1,100,700

$1,783,700 Electric Fund S 615,100 Gas Fund $ 60,000 Water Fund $ 96,700 Sewer Fund $ 203,400 Airport Fund $ 83,700 Tallahassee Transit Fund $ 119.400 Central Stores Fund $ 9,900 Data Processing Fund $ 59,700 Reading, Billing, and Collection Fund $ 100,300 Garage Fund $ 73,400 Accounting Fund $ 68,900 Purchasing Fund $ 14,800 Human Resources Fund $ 45,300 Pension Administration Fund $ 4,700 Pension expense is determined based upon an actuarial valuation using the entry age normal method. This valuation 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 amortization of past service cost over a 30-year period. The City's policy is to fund pension expense as determined by the actuarial valuation. The rate of roturn used in determining the actuarial present value of accumulated plan benefits was 7%.

Administrative expenses are paid from the earnings of the respective pension fund assets and are accounted for in the Pension Administration Fund.

NOTE 10 - Receipts from Tallehassee 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 26

[

t CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS

( September 30,1983 NOTE 10 - (Continued) and interest) necessary to retire all bonds or certificates, or the pro rata share thereof, issued by the City of Tallahassee for enlargement or extension of its municipal hospital, to acquire furnishings or equipment or to purchase any sites therefore. Payments are made in monthly installments and will continue until the bond indebtedness has been retired or refunded.

The following is a schedule by years of the payments to be received as of September 30,1983:

Year Ending September 30:

1984 $ 1,579,900 1985 1,580,800 1986 1,582,900 1987 1,580,400 1988 1,580,300 Later Years 20,467,100 Total Payments Required $28,371,400 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 hcurs 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 1 5 to 10 15 l 10 to 20 18 Over 20 21 A maximum of 30 days vacation leave tirne 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 accumulated to the time of termination.

Sick leave is earned at the rate of eight hours for each month of service with no maximum limit on the number of hours which may be accumulated. An employee who terminates from the City for any reason other than retirement (as defined by the provisions of the appropriate City 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 30,1983, the City is contingently liablo for approximately $2,047,700 of annual vacation leave earned but not taken and $7,462,200 of sick leave earned but not taken.

27

CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1983 NOTE 11 - (Continued)

B) Outstanding Contracts At September 30,1983, the City had an unpaid balance of $13,257,300 on various contracts for construction and other projects.

C) Litigation

1) On October 4,1982, the Florida Public Service Commission (PSC) issued an order requiring the City to reduce its electric surcharge so as to recover (in dollars) from accounts outside the City, only that amount recovered from accounts within the City pursuant to the City's utility tax.

The City subsequently filed an appeal with the Florida Supreme Court, the subject of which was the validity of the PSC's order. On December 1,1983, the Court ruled that the PSC's order was f affirmed. The Court's ruling will require the City to refund with interest, to the outside City limits customers, that portion of the surcharge collected by the City since November 4,1982, which is greater than the utility tax on inside City limits customers.

The City is currently developing a plan to determine the customers affected by this ruling and to determine the exact amount of dollars to be refunded, this plan must be submitted by the City to the PSC, for their approval, by January 15,1984.

Included in the operations of the City's Electric Fund, for the fiscal year ended September 30, 1983. is a $1,475,800 charge against operations in order to record this liability on the City's financial statements. The City does not believe that the exact amount, when determined, will be materially different from the estimate recorded.

2) The City has been named as defendant in a lawsuit relating to their providing of water and cower 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 adverso impact on the financial position of the City.

3) The City is also involved in other pending lawsuits. The City Attorney estimates that the potential claims against the City not covered by insurance resulting from such litigation would not materially affect the financial position of the City.

28

CITY OF TALLAHASSEE, FLORIDA NOTES TO FINANCIAL STATEMENTS September 30,1983

{

NOTE 11 - (Continued)

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 Management and Budget Circular A-102, Attachment P. The audits of these programs for or including the year ended September 30,1983 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.

l l

29

(This Pago Intentionally Lef t Blank)

O e l 6 -p >

Y . KO TYo^Mt?I

(

l COMBINING STATEMENTS AND SCHEDULES -

BY FUND TYPE These financial statements provide a more detailed view of the

" General Purpose Financial Statements" presented in the pre-ceding subsection.

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 section would be redundant.

l l

i GENERAL FUND 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.

r i

CITY OF TALLAHASSEE, FLORIDA GENERAL FUND BALANCE SHEET

( September 30, 1983 September 30,1983 ASSETS Equity in Pooled Cash $1,227,800 Petty Cash 35,600 Receivables:

Customers 497,000 Other 617.000 Less: Allowance for Doubtful Accounts (39,3A')

Due from Other Funds Total Assets $2,338.90g LIABILITIES AND FUND BALANCE Liabilities Accounts Payable $ 59,300 Due to Other Funds 35,600 Total Liabilities 94,900 Fund Balance Reserve for Encumbrances 443,100

( Undesignated 1,800,900 Total Fund Balance 2,244,000 Total Liabilities and Fund Balance g 1

l 1

31

CITY OF TALLAHASSEE, FLORIDA GENERAL FUND SCHEDULE OF REVENUE SY SOURCE; dUDGET AND ACTUAL For the Fiscal Year Ended September 30,1983 Variance Favorable Budget Actual (Unfavorable)

Revenues:

Taxes:

Property Taxes $3,547,100 $3,617,500 $ 70,400 Additional Homestead Exemption 40,000 - (40,000)

Telephone Taxes 935,000 899,600 (35,400)

Utility Tax 3,610,000 3,751,700 141,700 Cigarette Tax 310,000 326.300 16,300 Total Taxes 8,442,100 8,595,100 153,000 Licenses and Permits:

Occupational License 515,000 392,700 (122,300)

Building Permits 250,000 348,900 98,900 City Share - County Occupational License 80 000 73,300 (6,700)

Telephone Franchise 420,000 607,300 187,300 Parking Meter Receipts 125,600 88,700 (36,900)

Mobile Home L; cense 15,000 22,500 7,500 Beverage Licenses 63,000 68.100 5,100 Cable T.V. Franchise 85,000 118,300 33,300 Total Licenses and Permits 1,553.600 1,719,800 166,200 Intergovernmental Revenues:

State of Florida Half Cents Sales Tax - 2,162,800 2,162,800 necovered costs from cost allocation plan - 127,700 127,700 State of Florida Revenue Sharing 3,000,000 3,135,300 135,300 Recovered costs from Federal Government 586,400 265,100 (321,300)

Federal Revenue Sharing 753,900 791,500 37,600 Leon County Funding of Planning Department 310,700 167,100 (143,600)

Tallahassee Regional Memorial MedicalCenter 1,575,000 1,581,400 6,400 Recovered costs from other local grants - 68,000 68,000 Total Intergovernmental Revenues 6.226,000 8,298,000 2,072,900 Charges for Services:

Swimming Pool Revenue 58,000 39,000 (10,000)

Recreation Fees 420,600 373,500 (47,100)

Police Protection 20,000 20,000 -

Traffic Signal Control 10,000 5,000 (4,200)

Garbage Fees 2,410,000 2,376,700 (33,300)

Cemetery Fees 33,000 56,500 23,500 Planning Feen 15,000 24,400 9,400 Hilaman Park Fees 251,100 538,100 287,000 (Continued on Next Page) 32

CITY OF TALLAHASSEE, FLORIDA GENERAL FUND

( SCHEDULE OF REVENUE BY SOURCE: BUDGET AND ACTUAL For the Fiscal Year Ended September 30,1983 (Continued)

Variance Favorable

( Budget Actual (Unfavorable)

Charges for Services: (Continued)

Property and Maintenance Other Revenue 16,400 106,200 89,800 Total Charges for Services 3.234,100 3,540,200 306,100 Fines and Forfelts Animal Shelter Fines 63,000 56,500 (6,500)

Court Fines 63,000 101,500 38,500 Parking Violations 147,000 231,500 84,500 Total Fines and Forfeits 273.000 389,500 116,500 Interest 727,600 665,800 (61,800)

Miscellaneous revenues Lease of Land 800 1,000 200 Rent of Buildings 10,500 24,000 14,400 Sale of Cemetery Lots 50,000 61,900 11,900 Rental of Equipment 1,000 000 (100)

Sale of Scrap and Surplus Equipment 1,000 7,900 6,000 Applied Expense - 33,300 33,300 Total Miscellaneous Revenue 63,300 129,900 66,600 Total Revenues $20,519,700 $23,339,200 l

33

3 CITY OF TALLAHASSEE, FLORIDA GENERAL FUND SCHEDULE OF EXPENDITURES - BY DEPARTMENT - APPROPRIATED AND ACTUAL For the Fiscal Year Ended September 30,1983 vanance Encum- Budgetary Favorable Actual brances Basis Budget (Unfavorable)

Expenditures:

Current:

General Government:

Internal Audit $ 131,000 $ -

$ 131,000 $ 132,300 $ 1,300 City Manger 496,000 (1,700) 494,300 507,000 12,700 City Commission 104,100 100 104,200 100,500 (3,700)

Treasurer <terk 365,000 - 365,000 412,700 47,700 Legal 393,100 29,600 422,700 280,200 (142,500)

Special Appropriations 444,000 - 444,000 465,300 21,300 Management and Budget 352,500 (300) 352,200 345,000 (7.200)

Energy Office 55,800 - 55,800 55,200 (600)

Engineenng 574,100 200 574,300 650,200 75,900 Community Development 134,100 - 134,100 340,000 206,000 Planning 682.300 - 882,300 1,556,500 674,200 Public Relations 236,100 400 236,500 250,600 14,100 Maintenance 303,800 12,500 316,300 277,300 (39,000)

Administration 697,200 100 697.300 769,800 72,500 Record Retention 105.500 2,600 108.100 115,600 7,500 Total General Government 5.274,600 43,500 5,318,100 6,259,100 941,000 Pubhc Safety:

Building inspection 395,500 10,000 405,500 415,400 9,900 Communication 176,600 (5,000) 171,600 166,700 (4,900)

Fire Department 3,750,700 153,300 3,904,000 3,956,600 52,600 Police Department 7,266,500 1,200 7,267,700 7,556,700 289,000 Total Public Safety 11,599,300 159.500 11,748.000 12.095,400 346,600 Highways and Streets:

Street Sweeping 294,600 - 294,600 231.100 (63,500)

Street Maintenance 2,162.100 27,400 2,189,500 2,357,200 167,700 Traffic Engineering 1,046,800 7,200 1,054,000 1,010,000 (43,200)

Construction 223.700 -

223.700 462,200 238,500 Street Lighting 599,000 - 599,000 531,400 (67,600)

Total Highways and Streets 4,326,200 34,000 4,360,000 4,592,700 231,000 Sanitation:

Sohd Waste Collect on 3,655,500 2,600 3,658,100 3,637,300 (20,800)

Sanitary Land Fill 387,500 4,000 347,000 (44,500) 391 500 Total Sanitation 4,043,000 6.600 4,049,600 3,984,300 (65.300)

Health.

Cemeteries 247,200 1,000 248.200 223,800 (24,400)

(Continued on Nont Pago) 3t

I CITY OF TALLAHASSEE, FLORIDA GENERAL FUND

( SCHEDULE OF EXPENDITURES - BY DEPARTMENT - APPROPRIATED AND ACTUAL For the Fiscal Year Ended September 30,1983 (Continued)

Variance Encum- Budgetary Favorable Actual brances Basis Budget (Unfavorable)

{

Welfare:

Fair Housin9 $ 31,700 $ - $ 31,700 $ 38,700 $ 7,000 Bond Center 20,900 - 20,900 20,200 (700)

Code Enforcement 190,300 3,100 193,400 209,700 16,300 Lincoln Neighborhood Center 115,700 300 116,000 110,500 (5,500)

Administrative 425,600 - 425,600 431,400 5,800 Senior Citizens 15,700 - 15,700 15,200 (500)

Total Welfare 799,900 3,400 803,300 825.700 22,400 I

Culture and Recreotion:

Recreation - Armory 28,900 (500) 28,400 29,900 1,500 Physical Cultural Center 157,400 100 157,500 162.100 4,600 Administration 495,300 3,200 498,500 515,700 17,200 Lafayette Park 123,600 300 123,900 128,400 4,500 Jake Gaither Golf Course 121,700 4,300 126,000 137,400 11,400 )

Parks $20,300 (12,100) 508,200 491,900 (16,300)

Lafayette Arts and Crafts 54,600 400 55,000 54,200 (800)

Palmer Monroe 92,700 200 92,900 92,600 (300)

Aquatic Athletics 184,200 (500) 183,700 177,200 (6,500)

General Athletics 323,100 26,700 349,800 396,000 46,200 Dade Street Recreation 69,700 200 69,900 76,000 6,100 g Fourth Avenue Recreation 40,800 100 40,900 41,200 300 l l Jake Gaither Center 73,000 200 73,200 72,400 (800) l Walker Ford Center Recreation 124,100 200 124,300 123,600 (700)

Playground 94,600 (500) 94,100 100,200 6,100 Maintenance 706.600 (3.700) 702,900 614,000 (88,900)

Municipal Course 476,100 - 476.100 391.200 (84,900)

Total Culture and Recreation 3.686,700 18,600 3,705.300 3,604,000 (101,300)

Total Esponditures $29,966.900 $267.200 $30,234.100 _ $31,585,000 $1,350,900 35

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.O 4s

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[

L SPECIAL REVENUE FUNDS 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.

Water and Sewer Une Extension and Depreciation Fund - 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.

l (This Page Intentionally Lef t Blank) 9

l CITY OF TALLAHASSEE, FLORIDA SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET September 30,1983 Water and Sewer Line Special Special Deficiencies Extension Totals Capital Insurance and and September 30, September 30, Projects Reserve Emergencies Depreciation 1983 1982 ASSETS Equity in Poofed Cash $11,658.300 $965,600 $5,687,700 $1,885,300 $20,196,900 $ 8,588.500 Investments - At Amortized Cost - - 2,058,200 - 2,058,200 10,567,800 Accounts Receivable - - - - - 5,200 Accrued Interest Heceivable - - - - -

307.400 Total Assets $11.658,300 $965,600 $7.745.900 $1.885,300 $22.255.100 $19,468.900 LIADILITY AND FUND BALANCES Accounts Payab!e $ -

$- $ 27,100 $ 16,700 $ 43,800 $ 500,000 Contracts Payable - - - - -

80.200 Total Liab'l, ties - 27,100 16,700 43,800 580.200 FUND BALANCES Designated for Revenue Shortf al1 - 62,300 - 62,300 62,300 Undesignated 11,658,300 965.600 7,656.500 1,868.600 22,149.000 18.826,400 Total Fund Balances 11,658.300 965.600 7.718.800 1,868.600 22.211,300 18 888,700 Total Liabilities and Fund Balances $ 11,658. 300 $965.600 $ 7. 745,900 $22.255,100

$1,885,3g $19,468,g 38

CITY OF TALLAHASSEE, FLORIDA SPECIAL REVENUE FUNDS

( COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For the Fiscal Year Ended September 30,1983 Water and Sewer Une

( Special Special Deficiencies Extension Totals Capital Insurance and and September September Projects Reserve Emergencies Depreciation 30,1983 30,1982 Fund Balances - October 1 $ 9.954.800 $867.100 $5,474,900 $2,591,900 $18.888,700 $17,513,400 R:v:nues:

Other revenues - - - 12,300 12.300 -

Charges for services - - - 612,200 612.200 455,000 Int: rest earned 1,703.500 98.500 743.900 314,300 2.860.200 3.937,400 Total Revenues 1,703,500 98.500 743.900 938,800 3.484,700 4.392,400 Expenditures General Government - - - - - 500,000 C pital Outtay - - -

18.800 18.800 161.400 Total Expenditures - - -

18.800 18.800 661,400 Excess of Revenues over Expenditures 1,703.500 98.500 743.900 920.000 3.465.900 3,731,000 Other Financing Sources (Uses):

Oporating transfers in - - 2,000.000 -

2.000.000 1,500.000 Operating transfers out - -

(500.000) (1,643.300) (2,143.300) (3.855,700)

Total Other Financing Sources (Uses) - - 1,500.000 (1,643.300) (143,300) (2.355,700)

Excess of Revenues and other Sources over (under) Expends tures and Other Uses 1,703.500 98.500 2.243.900 (723,300) 3,322.600 1.375.300 Fund Balance - September 30 $11,658.300 $965.600 $7,718.800 $1,868.600 $22.211,300 $18.888.700 l

1 k

39

l )

CITY OF TALLAHASSEE SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES AND EXPENDITURES )

BUDGET AND ACTUAL For the Fiscal Year Ended September 30,1943 Special Capital Projects Special Insurance _ Reserve

]

Variance Variance J l Favorable Favorable

( Actual _ Budget (Unravorable) Actusl Hudgel (U_nfavorablej R: venue.

Other Revenues $ $ - $ - $- $ $

Charges for service - - - - - -

l i Interest earned 1,703.500 1,701500 - 98.500 105.400 (6.000)

Total Revenues 1.703 500 1,703.500 - 98 500 105,400 (0.000)

Expenditures General Government - - - - - -

Capital Outlay - - - - - -

Total Espend tures - - - - - -

Excess of Revenues Over Espenditures 1,703,500 1,703.500 - 98,500 105.400 (6.900)

Other Financing Sources (Usest Operating transfers In - -- - - -- -

Operating transfers out - - - - - -

Total Other Financing Sources (Uses) - - - - - -

Escess of Revenues and Otner Sources Over (Under) Espenditures and Other Uses $ -

-$08.600 $105.400

.$1.703

-== . 500 $1.703

-r 500 _

- $.f.6 900.)

l l

l 40

________J

\

l waie, .no so.e, une Osticiericies and Emergencies Entension and Oeoreciation total Variance Variance Variance Favo,able Favorable Favorable Actual _ Oudget (Unfavorable) Actual _ _ _Hodget_ (Unfavorable) Actual pgel (Unfavorabe)

$ - f - $ - $ 12.300 $ 12.300 $ - $ 12,300 $ 12,300 $ -

- - - 612.200 612.200 - 612.200 612.200 -

143.900 717.000 26.000 314.300 314.300 -

_ 2MO 200 2.440 200 20.000 743.900 711.000 26 000 938.800 938.800 - 3.484,700 3.464,700 20.000

- $00.000 500.000 - - - - 500.000 500.000

- - - 18.800 18000 - 18.800 18 800 -

- SOO 000 $00 000 18 800 18 800 - 18.800 518 800 $00 000 743900 217.000 $26 900 920 000 920.000 _

- 3.46$ 900 _2.945.900 _ $20 000 2.000.000 2,000.000 - - - - 2,000.000 2.000.000 -

($00.000) ($00.000) - (l.643.300) (1,643.300) - (2,t 43.300) (2,t 43.300) -

t 600 000 1.600.000 -

i1.643 300) (1.641 300) -

.(143.300) _(141300) -

17241 900 g717 000 n s/o wj _strailoop _St72 u 00: $ - su;2 r,00 si nop s00 ls20 000 l

l 41

1 1

(This Pago intontionally lef t litank) 9

CAPITAL PROJECTS FUNDS

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CITY OF TALLAHASSCC. FLORIDA CAPITAL PROJECT FUNDS COMulN'NO 8ALANCE GHEET i September 30,1983 Cap <tal Inf 4N Cap f al floftl4 Orant f.npfe ml>af f,rpf tvitt at Impanyamant Congitue fino Itoporvomont 60 tan 1 10. 100/

A *. ; r.1 *;

Cash flogh c to ) $ _1

$ m $ t i 000 $ *,1 000 $ 10.330

$ il tf y di l'r"; o 1 C a th 1011% /!n) 0,101 000 (110 000 14 n% /,100 19 Otif,100 A t toontq hace ,aten i j naq /, t/ f 000 f.140. / pg j j)11 t ut)

A waiv a for Ut" + aL ' t at - > - ~

(1,a t'em Otta' F u"14 -- "

Af,45 a femn othe# r y *, t, em onri _ m c,) Oc ui f (d a t Attatg $th ,' q ntn1 { J !!'/ (Jn!) $/ O J J Oill) j // lif) N00 $; 1 111,100 LI Ah!(ifl[ 3 A'i[1 i UP,D D AL AQ( ';

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[' n'a o a 1 Ha,phya $ $ $ /0 400 $ 10.400 $ m-A. , g 2 f*a,20o t r, 0 o u ;U4) 1 t) nno 1, t 10 r.oy flatt n a-j a l'a y a t 'o  ; ? 9 <> ;e. n u) m..  ?;n 100 A nn f oo fi.QIlist it og I'J PJw) ;nq t1 p) fu raul 11% utig i f1101'n) i e,f $14 vx aq hatof,o fo# AJ,qhta f u m (.HFof r ue ja r.:) t u s) = m Og ru g) 2 .

tin c o + , n.J f o r t ru , ativ c a n A t !/ tr iq / e,ft u r) p 114 1. x ) 14gjping 11 p f 14 t 4) neio s,o 1 f uelma ti09: e.

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l CITY OF TALLAHASSEE, FLORIDA CAPITAL PROJECT FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For the Fiscal Year Ended September 30,1983 Capital Tctals Capital Bonds Grant September September Improvement Construction Improvement 30,1983 30,1982 Fund Balances - October 1 $6,783.100 $11,126,800 $1.801,900 $19,711,800 $23,385,000 l

Revenues:

Intergovernmental Revenues - - 3,223,000 3,223,000 1,187,300 Interest Earned 1.124,200 1,560,300 2,684,500 3,244,800 Miscellaneous 41,300 - - 41,300 70,900 Total Revenues 1,165,500 1,560,300 3.223,000 5,948,800 4,503,000 Expenditures:

Current:

General government 460,100 - 984,300 1,444,400 658,600 Highways and streets 1.555,300 - 207,100 1,762,400 983,500 Health - - 15,100 15,100 7,500 Welfare 203,300 -

821,000 1,024,300 715,500 Education 77,900 - 8,700 86,600 104,100 Culture and recreation - - - - -

Capital Outlay 690.800 6,328,000 159,300 7,178,100 11,283,000 Total Expenditures 2,987,400 6,328,000 2,195,500 11,510.900 13,752,200 Excess of Revenues over (under)

Expenditures (1,821,900) (4,767,700) 1,027,500 (5,562,100) (9.249,200)

Other Financing Sources (Uses):

Proceeds from sale of capital bonds - 24,613,400 - 24.613,400 -

Proceeds from sale of property 40,000 - - 40,000 150,000 Operating Transfers in 6,776.300 1,373,900 128,500 8,278,700 6,114,400 Operating Transfers Out (1,609.000) (23,449,300) (28,600) (25,086,900) (688,400)

Total Other Financing Sources (Uses) 5,207,300 2.538,000 99,900 7,845,200 5,576,000 Excess of Rever.ue and other sources over (under) Expenoi-tures and other uses 3,385,400 (2,229,700) 1,127,400 2,283,100 (3,673,200)

Residual Equity Transfers from other funds - - - - -

Fund Balances -

September 30 $10,168,500 $8,897,100 $2,929,300 $21,994.900 $19,711,800 45 <

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l 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-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-nance of the City's mass transportation system.

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- --,--- -. -- ..- . - . . - - , - - , . - ._ , , - , . , , , , , ~ . -

CITY OF TALLAHASSEE, FLORIDA ENTERPRISE FUNDS COMBINING BALANCE SHEET l l

September 30,1983 Totals Tallahassee September September Electric Gas Sewer Water _ Airport Transit 30,1983 30.1982 Current Assets:

Cash $ 156,500 $ - $ - $ - 5 800 $ 1.300 $ 158.600 $ 264,700 Equity in Pooled Cash 5.610.500 424.000 448.600 383.300 84,100 983.800 7,934.300 4.618,500 Accrued Interest Receivable - - - - - - -

185.000 Accounts Receivable:

Customers 6,760.500 405.600 585,100 366.500 524.000 31,400 8.673,100 8.358.600 Other 838.800 100 - 56,100 -

176.300 1.071,300 2.462.900 Less: Allowance for Doubtful Accounts (551.000) (45,700) (50.400) (29.600) (4,100) -

(680,800) (882.000)

Inventory:

Fossil Fuel 7.355.300 86.000 - -

40.800 25.500 7,507.600 8.052.400 Nuclear Fuel 2,773.500 - - - - - 2.773,500 2,078.000 Accumulated Amortization of Nuclear Fuel (997,800) - - - - - (997,800) (830,800)

Other inventory - - - - -

154.300 154.300 119.200 Note Receivable - - - -

27.600 -

27.600 25.500 Total Current Assets 21.946.300 870.000 983.300 776.300 673.200 1,372.600 26.621.700 24.452.000 Restricted Assets:

Revenue Bonds Debt Service:

Equity in Pooled Cash 1 178.000 86.800 100,700 34.800 - -

1.400.300 547.800 Revenue Bonds Reserve:

Equity in Poofed Cash 12.926,000 134.500 1,128.500 731,500 - -

15.520.500 1.021,800 investments - At Amortszed Cost - - - - - - - 11.746,700 Accrued Interest Rece.vable - - - - - - -

31.600 R: venue Bonds Construction Equity in Pooed Cash 18.951.800 -

8.705.100 5.434.500 - - 33.091,400 14.994.300 Accounts Receivable - - - - - - - -

Other.

Equity 6n Pooled Cash 1,080.000 -

612.700 -

1.089,400 - 2,782,100 1,766.300 Accounts Peceivable 342,400 -

118.300 - 473,000 933.700 249.300 R;; venue Bonds Renewal and Replacement:

Equity in Pooled Cash 10.712.700 1.198.200 1,933.600 692.400 - -

14.536.900 11,979.000 Total Restricted Assets 45.190.900 1,419.500 13.198.900 6.893.200 1,562,400 -

68.264.900 42.336.800 Oth;r Assets:

Goodwill - - - - - - - 5,700 Deposits - -

6.900 6.900 55.400 Unamortized Bond Issue Cost 551.400 -

93.300 27,900 - - 672,600 730.700 Note Recervable - - - - 321,000 - 321,000 348.600 Total Otner Assets 551.400 -

100.200 27,900 321,000 - 1.000,500 1.140.400 Utility Plant in Service:

Utihty Plant in Service 210.874.000 7.620.000 65.047,800 24.277.600 16,203,300 4.873,900 328.896.600 301,594,200 Less: Accumulated Depreciation (68,154.800) (2,929.500) (8.474,400) (7,522,700) (4,034.300) (1,289.100) (92,404,800) (81,810.500)

Construction in Progress 8.937.200 59.400 1,552.100 509.600 19.800 39.400 11.167.500 20,818.300 Total Ut!hty Plant in Service 151.706.400 4,749.900 58.125.500 17,264.500 12,188,800 3.624.200 247.659.300 240.602.000 Total Assets $219.395.0C0 $7.039.400 $72,407.900 $24,961.900 $14.745.400 $4.996.800 $343.546.400 $308,531.200 48

Y l CITY OF TALLAHASSEE, FLORlDA ENTERPRISE FUNDS l COMBINING BALANCE SHEET September 30,1983 (Continued)

Totals Tallahassee September September Electric Gas Sewer Water Airport Transit 30.1983 30.1982 LIABit! TIES AND FUND EQUITY Current Liabilities:

Accounts Payable $ 5.952,300 $ 340,000 $ 2,700 - - $ 15,500 $ 6,310,500 $ 3.828.600 Customer Contracts Payable 17.400 -

281.100 35,100 2,400 - 336,000 1.114.900 Advance from Murncipality -

General Revenue Bonds - - - - 48,700 -

48.700 46.300 Customer Advances for Construction 6.600 3.800 - - - - :0,400 171,600 Dus to Other Funds - - - -

800 1,300 2.100 552,100 Utility Deposits Payable 3.071,300 72.400 - 168,700 - - 3,312,400 3,311,400 Loan from Municipal Retire-m nt Fund - - - - 27,600 -

27.600 25.500 Total Current Liabilities 9.047.600 416.200 283.800 203.800 79.500 16,800 10.047.700 9.050.400 Payabla from Restricted Assets:

Accrued Interest and Commissions Payable -

2.500 2,300 1,000 - - 5,800 8,000 Bonds Payable -

100.000 75.000 25.000 - - 200,000 200.000 R:tainage and Accounts Payab;e 1,132.300 - 36,700 21,500 296,100 -

1.48S.600 186.400 Total Payable from Restricted Assets 1,132.300 102.500 114.000 47.500 296,100 -

1.692.400 394,400 Oth:r Liabilities:

Dif:rred Revenue 42,100 - - - 4,700 40,300 87,100 114.400 Customer Contracts Payable 95.900 -

634.400 403.100 - - 1,133,400 1.298.400 Customer Advances for Construction 77.800 -

4.800 - - - 82,600 4.400 Bonds and Notes Payable 133.790,000 309.500 18,734.400 7.736.100 - - 160,570.000 141.460,003 Less: Bond Dis:ount (1.891,700) -

(78,500) (50,000) - - (2,020,200) (1,611,500)

Loan from Municroal R tirement Fund - - - -

321.000 - 321,000 343.600 Ady:nce from Municrpality -

General Revenue Bonds - - - - 1,261.300 - 1.261,300 1,309.900 Total Other Liabilities 132,114.100 309.500 19.295.100 8,089.200 1,587,000 40,300 161,435.200 142.924,200 Total Liabilities 142.294.000 828,200 19.692.900 8.340,500 1,962,600 57,100 173.175.300 152,369.000 Fund Easty.

Contributed Capital 424,000 - 24,794,100 - 10.415,000 11.283.600 46.916,700 43.910.500 R;tEned Earnings:

R: served for Revenue Boncs - Debt Service 1,178.000 9,300 67.200 23,600 - - 1,278,100 423.100 Reserved for Revenue Bonds 12.926.000 134.500 1,728.500 731.500 - - 15.520,500 12,800,100 Reserved for Revenue Bonds Constructen 18.398.000 -

8.685.000 5.414,100 - - 32,497.100 14,916.400 Reserved for Other 590.600 -

727.100 - 1,266,300 - 2,584,000 1,964,900 Reserved for Revenue Bonds Renewal and Replacement 10.566.000 1,198.200 1,920.800 691,200 - - 14,376.200 11,501.200 Unreserved 33.018.400 4.869.200 14,792.300 9.761,000 1.101,500 (6.343.900) 57,198.500 70.226.000 Total Fund Equity 77.101.000 6.211.200 52.715.000 16.621,400 12.782.800 4.939,700 170.371.100 156.162.200 Total Liabilities and Fund Equity $219.395.000 $7.039.400 $72.407.900 $24,961.900 $14.745.4g $4.996,800 $343,546.400 $308.531.200 49

5 CITY OF TALLAHASSEE, FLORIDA ENTERPRISE FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS For the Fiscal Year Ended September 30,1983 Totals Tallahassee September September Electric Gas Sewer Water Airport Transit 30.1983 30.1982 Operating Revenues:

Charges for Services:

Resdential Sales $37.587.000 $1.866.600 $3,341.200 $2.456.000 - -

$45.250.800 $39.533.900 Commercial ar.d Industrial Sales 42.674.400 4.780.400 3.918.400 1.585.200 - -

52.958.400 48.503.200 Pubhc Street and Highway Lighting 664.400 - - - - -

664.400 629.700 Sales for Resale 6.095.100 - - - - -

6.095.100 9.811.200 Sa'es to Other Funds 2.927.700 107.800 47.600 111.000 - -

3.194.100 2.688.100 Surcharge 2.017,000 49.700 252.800 270.000 - -

2.595.500 2.912.900 Tapping Fees -

5.900 99.500 295.200 - -

400.600 214.900 Sale of Gas and Oil - - - - 1,843.400 -

1.843.400 2.072.700 Landing and T;e Down Fees - - - -

277.800 -

277.800 189.200 Late Fees 136.400 13.000 -

5.100 - -

154.500 139.400 initiating Service 152.400 13.600 -

106.600 - -

272.600 209.900 Rentals 166.800 - - 46,300 1.005.500 -

1.218.600 1.103.300 Cut-ins and cut-fees 125.700 24.100 -

75.700 - -

225.500 183.300 Transportation Fees - - - - - 771,900 771.900 684.500 Other 194,400 5.900 43.700 3.600 98.500 -

346.100 193.600 Total Operat:ng Revenues 92.741.300 6.867.000 7.703.200 4.960.700 3.225.200 771.900 116.269.300 109.069.800 Oparating Expenses-Personal Services 5.359.900 478.300 2.090.600 941.800 842.300 1.543.900 11.256.800 9.906.500 Fossil Fuel 39.852.800 - - - - -

39.852.800 47.318.800 Power Purchased 6.563.000 - - - - -

6.563.000 636.100 Gas Purchased -

4.870.000 - - - -

4.870.000 4.480.000 Materials and St pphes $35.500 55.500 350.100 230.200 54.700 127.600 1.353.600 1.595.800 Contractrial Services 4 318.200 395.500 2,702.500 1.959.fX)0 1.864.800 737.500 11.977.500 11.211.500 Other Espenses 1.626.000 26.300 357.200 72.900 35.800 56.500 2.174.700 1.007.700 Less: Apphed Eau!pment Charges (752.100) (56.700) (193.200) (114.000) - -

(1.116.000) (723.000)

Depreciation 8.330.700 212.800 1.530.600 4 77.60J 616.500 299.100 11.467.300 10.985.900 Amortization 178.700 - 7,400 2.200 - -

188.300 195.100 Total Operat ng Expense 66 012.700 5.981.700 6.845.200 3.569.700 3 414.100 2.764.600 88.588.000 86.614.400 Operat.ng income (Loss) 26.728.600 885.300 858.000 ,1.391.000 (188.900) (1 992.700) 27.681.300 22.455.400 (Continued on Next Page) 50

CITY OF TALLAHASSEE, FLORIDA ENTERPRISE FUNDS

! COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS For the Fiscal Year Ended September 30,1983 (Continued)

Totals l

Tallahassee September September Electric Gas Sewer Water Airport Transit 30.1983 30,1982 Nonoperating Revenues (Expenses)-

Interest Revenue $ 7.903.400 $ 234.500 $ 1.807.600 $ %9.800 $ 167.400 $ 71.300 $11.154.000 $ 8.559.300 Gain on Safe o. Surplus Property 23.000 - -

20.900 - -

43.900 36.600 Recovered Costs - -

18.200 - -

7.400 25.600 20.800 Federal Grant Revenue - - - - -

50.700 50,700 62.600 Other Revenues 2,147.000 2.700 -

20.100 -

7.100 2.176.900 619.500 Insurance Claims - - - - - - -

16.900 Interest and Commission Expenses (8.431.800) (18.300) (1.177.100) (500.500) - -

(10.127.700) (8.321.200)

Loss on Sale of Property - - - - (1,100) -

(1.100) (15.100)

Amortization of Goodmil - - - - -

(5.700) (5.700) (5.700)

Other Expenses (1.475.800) -

(121.100) (22.800) (141.000) -

(1.760.700) (1.900)

Total Nonoperat.ng Revenues (Expenses) 165.800 218.900 527.600 487.500 25.300 130.800 1.555.900 971.800 income (Loss) Before Operating Transfers 26.894.400 1.104.200 1.385.600 1.878.500 (163.600) (1.861.900) 29.237,200 23.427.200 Operating Transfers in (Out)

Operating Transfers in 642.500 -

1.556.200 1.059.900 11.100 1.464.500 4.734.200 1.789.100 Operating Transfers (Out) (20,753.400) (366,000) (520.200) (841.800) (72.200) (1.100) (22.554.700) (17.609.200)

Net incorne (Loss) 6.783.500 738.200 2.421.600 2.096.600 (224.700) (398.500) 11.416.700 7.607.100 Disposit on of Net income-Increase in Contributed Capital - - - - -

(1.461.900) (1.461.900) (650.000)

Depreciation on Contributed Assets - -

449.900 -

504.100 293.900 1.247.900 1.103.100 Net increase (Decrease) in Retained Earnings 6.783.500 738.200 2.871.500 2.096.600 279.400 (1.566.500) 11.202.700 8.060.200 R:ta:ned Earnings (Deficit) -

i October 1 69.893.500 5 473.000 25.049.400 14.524.800 2.088.400 _ (4.777.400) 112.251.700 104.191.500 R tained Earnings (Deficit) -

September 30 $76.677.000 $6.211.200 $27.920.900 $16.621.400 $2.367.800 $46.343.900) $123.454.400 $112.251.700 51

CITY OF TALLAHASSEE, FLORIDA ENTERPRISE FUNDS COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION For the Fiscal Year Ended September 30,1983 Totals Tallahassee September September Electric Gas Sewer Water Airport Transit 30,1983 50.1982 i Sources of Working Capital.

Operations.

Net income (loss) $ 6.783.500 $738.200 $ 2,421.600 $2.096.600 $ (224.700) $ (398.500) $11.416.700 $ 7.607.100 items not requiring (providing) working capital Depreciation 8.330.700 212.800 1,530.600 447.600 616.500 299.100 11.437.300 10.985.900 Amort.tation 178.700 -

7.400 2.200 -

5.700 194.000 200.800 Woriung Capital Provided (Used) by Operations 15.292.900 951.000 3.959.600 2.546.400 391.800 (93.700) 23.048.000 18.793.800 increase in Customer Contracts Payable - - -

53.500 - -

53.500 66.200 Decrease in Deposits - -

48.500 - - -

48.500 300 increase in Customer Advances for Construction 77.800 -

400 - - -

78.200 3.900 increase in Deferred Revenue - - - - - - -

11.700 Decrease in Restricted Assets - - - - - - - 7,113.000 Contributions 424.000 -

1.038.300 - -

1.330.000 2.792.300 9.989.000 increase in Payable f rom Restricted Assets 1.062.600 - - - 296,100 --

1.358.700 -

Increase in cands Payab!e 21.000.000 -

3.600.000 2.400.000 - -

27.000.000 -

Decrease in Notes Receivable - - - -

27.600 -

27.600 25.500 Total Sources of Working Capital 37.857.300 951.000 8.646.800 4 999.900 715.500 1.236.300 54.406.800 36.003.400 Uses of Working Capital:

Acquisition of Ptant in Service 12.794.900 411.400 2.910.800 1.723.100 103.700 550,800 18.494.700 25.662.500 Decrease in Customer Advances for Construct.on - - - - - - -

33.000 Decrease in Bonds Payabie 7.210.000 103.000 401.100 175.900 - -

7.890.000 4.655.000 Decrease in Deterred Revenue 16.400 -

3.800 -

6.700 400 27.300 29.800 Reduct.on of A%ance frorn Municipahty - - - -

48.600 -

48.600 46.300 Decrease in Customer Contracts Payab'e 15.000 -

203.500 - - -

218.500 41.600 increase in Bond D'scount 418.900 -

72.000 48.000 - -

538.900 -

Increase in Restocted Assets 17,643.400 387.700 4.394.400 2.752.900 749.700 -

25.928.100 1.050.200 Reduction of Loan frorn Municipal Retirement Fund - - - -

27.600 -

27.600 25.500 Decrease in Payab e from Restricted Assets -

900 23.300 36.500 - -

60.700 1.681.300 Total Uses of Working Capital 38.098.600 903.000 8.008.900 4.730.400 936.300 551.200 53.234.400 33.225.200 Net increase (Decrease) in Woriang Capital 5 (241.300)$ 48.000 $ 637.900 $ 263.500 $ (220.800) $ 685.100 $ 1.172.400 $ 2.778.200 (Continued on Next Page) 52

CITY OF TALLAHASSEE, FLORIDA ENTERPRISE FUNDS COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION For the Fiscal Year Ended September 30,1983 i (Continued) 1 1

1 Totals Talfahassee September September Electric Gas Sewer Water Airport Transit 30,1983 30,1982 Etm:nts of Net increase (D1 crease) in Working Capital:

Cish $ (106,1v0) $ - $ - $ - $- $~ $ (106.100) $ 214,400 Equity in Pooled Cash 2,398.700 64,900 85,900 (62,700) (38,100) 867.100 3,315,800 2,592,500 Accrued Interest Receivable (185,000) - - - - - (185,000) 24.200 Accounts Receivable (1,300) (80,600) 58,000 111,300 (195,800) (767,500) (875,900) 512,400 in"entory 10,000 (3,000) - - (23,200) 35,000 18.800 248,800 Not;s Receivable - - - - 2,100 - 2,100 2,000 Accounts Payable (2,549.600) 29,700 (1,300) - 38,800 500 (2,481,900) (120,800)

Customer Contracts Payable 61,100 40,700 477,400 202.100 (2,400) -

778.900 (692.700)

Customer Ad.ances for Construction 131,700 (3.600) 17,900 12.900 2.300 - 161,200 644.600 Dua to Other Funds - - - - -

550.000 550.000 (552,100)

Utility Deposits Payable (800) (100) -

(100) - - (1,000) (90.800)

Loan from Municipal Retirement Fund - - - - (2,100) - (2,100) (2,000)

Advince from Municipality - - - - (2,400) - (2,400) (2.300)

Net increase (Decrease) in wonong Capital $ (241,300) $ 48,000 $637.900 $263,500 $(220,800) $685,100 $1.172.400 $2,778.200 53

l CITY OF TALLAHASSEE, FLORIDA ELECTRIC REVENUE FUND i SCHEDULE OF REVENUES AND EXPENSES -

BUDGET (NON GAAP BASIS) AND ACTUAL For the Fiscal Year Ended September 30,1983 Variance-Favorable Budget Actual (Unfavorable)

Revenues Charges for service $ 97,538,200 $92,741,200 $(4,797,000)

Interest 4,246,000 5,223,800 977,800 Other Revenue (Expense) 100,000 (241,700) (341,700) 101,884,200 97,723,300 (4,160,900)

Expenses Personal Services 5,197,900 5,359,900 (162,000)

Fossil Fuel 40,629,200 39,852,800 776,400 Power Purchased 11,573.600 6,563,000 5,010,600 Materials and Supplies 616,700 486,200 130,500 Contractual Services 4,002,500 3,820,200 182,300 Other Expenses 20,458,500 20,066,800 391,700 Capital Outlay 800,000 800,000 -

Operating Transfers 18,605,800 20,750,000 (2,144,200) 101,884,200 97,698,900 4,185,300 Excess Revenue Over (Under) Expenses $ $ 24,40J $ 24,400 The above schedule reflects certain adjustments to actual revenues and expenses to present later on a basis comparable to adopted budgets; in addition, the above schedule includes only those revenues and expenses recorded in the revenue fund and does not represent the Electric Fund in total.

54

l CITY OF TALLAHASSEE, FLORIDA GAS REVENUE FUND l SCHEDULE OF REVENUES AND EXPENSES -

BUDGET (NON GAAP BASIS) AND ACTUAL i

For the Fiscal Year Ended September 30,1983 Variance-Favorable Budget Actual (Unfavorable)

Revenues Charges for service $9,546,200 $6,866,900 $(2,679,300)

Interest - 46,700 46,700 Other Revenue 300,000 58,100 (241,900) 9,846,200 6,971,700 (2,874,500)

Expenses Personal Services 546,100 478,300 67,800 Gas Purchased 7,328,100 4,870,000 2,458,100 Materials and Supplies 68,000 55,000 13,000 Contractual Services 654,600 395,500 259,100 Other Expenses 996,600 963,000 33,600 Capital Outlay 72,900 48,100 24,800 Operating Transfers 179,900 150,000 29.900 9,846,200 6,959,900 2,886,300 Excess Revenue Over (Under) Expenses $ $_ 11,800 $ 11,800 The above schedule reflects certain adjustments to actual revenues and expenses to present data on a basis comparable to adopted budgets; in addition, the above schedule includes only those revenues and expenses recorded in the revenue fund and does not represent the Gas Fund in total.

55

CITY OF TALLAHASSEE, FLORIDA SEWER REVENUE FUND SCHEDULE OF REVENUES AND EXPENSES - l BUDGET (NON GAAP BASIS) AND ACTUAL For the Fiscal Year Ended September 30,1983 Variance-Favorable Budget Actual (Unfavorable)

Revenues Charges for service $8,481,400 $7,703,100 $(778,300)

Interest - 28,000 28,000 Other Revenue 125,000 165,400 40,400 Operating transfers 35,000 275,000 240,000 8,641,400 8,171,500 (469,900)

Expenses Personal Services 2,209,900 2,090,600 119,300 Materials and Supplies 400,800 388,700 12,100 Contractual Services 2,715,500 2,716,000 (500)

Other Expenses 2,442,600 2,049,400 393,200 Capital Outlay 872.600 926,100 (53,500) 8,641,400 8,170,800 470,600 Excess Revenue Over (Under) Expenses $4 $ 700 $ 700 The above schedule :lects certain adjustments to actual revenues and expenses to present data on a basis comparable to adopted budgets; in addition, the above schedule includes only those revenues and expenses recorded in the revenue fund and does not represent the Sewer Fund in total.

t 50

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CITY OF TALLAHASSEE, FLORIDA WATER REVENUE FUND SCHEDULE OF REVENUES AND EXPENSES -

BUDGET (NON GAAP BASIS) AND ACTUAL For the Fiscal Year Ended September 30,1983 Variance-Favorable

' Budget Actual (Unfavorable)

Revenues Charges for Service $5,069,200 $4,981,300 $(87,900)

Interest 60,000 75,300 15,300 Other Revenue 74,000 117,700 43,700 5,203,200 5,174,300 (28,900)

Expenses Personal Services 920,400 941,800 (21,400)

Materials and Supplies 191,700 230,200 (38,500)

Contractual Services 1,986,300 1,959,800 26,500 Other Expenses 1,151,000 933,900 217,100 Capital Outlay 279,600 259,600 20,000 Operating Transfer 674,200 850,000 (175,800) 5,203,200 5,175,300 27,900 Excess Revenue Over (Under) Expenses $ $ (1,000) $ (1,000)

The above schedule reflects certain adjustments to actual revenues and expenses to present data on a basis comparable to adopted budgets; in addition, the above schedule includes only those revenues and expenses recorded in the revenue fund and does not represent the Water Fund in total.

57

CITY OF TALLAHASSEE, FLORIDA AIRPORT REVENUE FUND SCHEDULE OF REVENUES AND EXPENSES -

BUDGET (NON GAAP BASIS) AND ACTUAL For the Fiscal Year Ended September 30,1983 Variance-Favorable Budget Actual (Unfavorable) l Revenues Charges for Service $4,196,300 $3,225,100 $(971,200)

Interest 25,000 18,900 (6,100)

Other Revenue (Expense) 10,000 (15,200) (25,200)

Operating Transfer - 7,000 7,000 4,231,300 3.235,800 (995,500)

Expenses Personal Services 825,700 844,000 (18,300)

Materials and Supplies 49,500 55,100 (5,600)

Contractual Services 2,673,000 1,872,500 800,500 Other Expenses 667,300 451,500 215,800 Capital Outlay 15,800 12,100 3,700 4,231,300 3,235,200 996,100 Excess Revenues Over (Under) Expenses $ $ 600 $ 600 The above schedule reflects certain adjustments to actual revenues and expenses to present data on a basis comparable to adopted budgets, in addition, the above schedule includes only those revenues and expenses recorded in the revenue fund and does not represent the Airport Fund in total.

I 58

CITY OF TALLAHASSEE, FLORIDA TALLAHASSEE TRANSIT FUND SCHEDULE OF REVENUES AND EXPENSES -

BUDGET (NON GAAP BASIS) AND ACTUAL For the Fiscal Year Ended September 30,1983 Variance-Favorable Budget Actual (Unfavorable)

Revenues Charges for Service $ 817,700 $ 771,900 $ (45,800)

Intergovernmental Revenues 812,800 851,800 39,000 Other - 62,000 62,000 Operating Transfer 793.600 750,000 (43,600) 2,424,100 2,435,700 11,600 Expenses Personal Services 1,467,000 1,469,100 (2,100)

Materials and Supplies 398,200 396,400 1,800 Contractual Services 478,000 475,100 2,900 Other Expenses 70,400 36,500 33,900 Capital Outlay 10,500 9,100 1,400 2,424,100 2,386,200 37,900 Excess Revenues Over (Under) Expenses $ $ 49,500 $ 49,500 The atmve schedule reflects certain adjustments to actual revenues and expenses to present data on a basis comparable to adopted budgets, in addition, the above schedule includes only those revenues and expent,es recorded in the revenue fund and does not represent the Tallahassee Transit Fund in total.

59

CITY OF TALLAHASSEE, FLORIDA ELECTRIC, GAS, SEWER AND WATER FUNDS SCHEDULE OF OPERATING EXPENSE For the Fiscal Year Ended September 30,1983 Electric Gas Sewer Water Fossil Fuel $39,852,800 $ -

Nuclear 1,110,800 - - -

Purchase of Power 6,563,000 - - -

Purchase of Gas - 4,873,000 - -

Production:

Operating 2,093,100 - 2,057,800 1,030,500 Maintenance 1,167,500 - 435,800 19,800 Transmission:

Operating 333,900 - 98,000 -

Maintenance 149,300 - 112,600 -

Distribution:

Oper ting 1,718,900 305,900 1,139,200 172,800 Maintenance 617,600 193,400 35,900 836,200 Administrative 2,044,900 215,500 946,300 484,500 Automotive Equipment Expense 394,700 95,400 403,700 288,500 Less: Applied Equipment Charges (960,200) (121,900) (585,400) (351,400)

Depreciation 8,330,700 212,800 1,530,600 447,600 Amortization 178,700 - 7,400 2,200 Customer Accounts Expense 1,916,100 207,600 663,300 639,000 Other 500,900 - - -

Total Operating Expense $66,012,700 $5,981,700 $6,845,200 $3,569,700 The above schedules of operating expense are presented in accordance with the Uniform Chart of Accounts as promulgated by the Federal Energy Regulatory Commission (for the Electric and Gas Funds) and the Uniform System of Accounts for Class A and B Water Utilities as promulgated by the National Association of Regulatory Utility Commissioners (for the Sewer and Water Funds).

60

INTERNAL SERVICE FUNDS 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 Funo - 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 eoutpment 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.

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CITY OF TALLAHASSEE, FLORIDA I

INTERNAL SERVICE FUNDS COMBINING BALANCE SHEET September 30,1983 Reading Totats Baling and Data Central Human Pensoi September September Collecten Processing Accounting Stores Purchasing Garage Resources Achnstraton 30,1983 30,1982 ASSETS Current Assets.

Cosh $ 21.700 $- $- $- $- $- $- $- $ 21.700 $ 22.100 E@rty in Pooled Cash 32.100 76.100 403.200 200,900 49.300 39.000 39,900 17.100 907.600 1.305.800 Accounts Recewable - - -

5.300 -

46.000 - -

51.300 22.700 Oue frorn Other Funds 37,700 - - - - - - -

37.700 37.700 Deposits 6.500 - - - - - - -

6.500 6.500 Inventory - - -

2.203.000 26.500 255.400 - -

2.484.900 2.439.100 Total Current Assets 98.000 76.100 403.200 2.409.200 125.800 340.400 39.900 17.100 3.509.700 3.833.900 Restrcted Assets:

CT 30,000 - - - - - - -

30.000 30.000 Ewity in Pooled Cash - - - - -

2.804.200 - -

2.804.200 1.910.300 Total Restrcted Assets 30.000 - - - - 2.804.200 - -

2.834.200 1.940.300 FixCd Assets 88.000 65.800 63.500 251.200 21.600 9.332.300 41.000 13.300 9.876.700 8.964.200 Less: Accumulated Deprecaton (67.600) (30.300) (45.200) (71.000) (10.700) (4.260.600) (15.700) (7.700) (4.508.800) (4.055.900)

Net Fhed Assets 20 400 35.500 18.300 180.200 10.900 5.071.700 25.300 5.600 5.367.900 4.928.300 Total Assets $ 148.400 $ 111.600 $ 421.500 $2.589.400 $ 136.700 $8.216.300 $ 65.200 $ 22.700 $11.711.800 $10.702.500 UABluTIES AND FUND EOUlTY Liatstes:

Cccounts Payable $ - $ - $ - $ 110.400 $ 700 $ 11.400 $ - S 6.500 $ 129.000 $ 117.500 Total Lisbdites - - -

110.400 700 11.400 -

6.500 129.000 117.500 Furts Emity RJtained Eamings Reserved for Law Enforcement 30.000 - - - - - - -

30.000 30.000 Reserved for Fleet Management - - - - -

2.804.200 - - 2.804.200 1.910.300 Reserved for Other 26.000 - 375,400 - - - - - 401,400 641.000 Unreserved 92.400 111.600 46.100 2.479.000 136.000 5.400.700 65.200 16.200 8.347.200 8.CO3.700 Total Fund E@ity 148.400 111.600 421.500 2.479.000 136.000 8.204.900 65.200 16.200 11.582.800 10.585.000 Total Liabibtm and Fund E@ sty $ 148.400 $ 111.600 $ 421.500 12.589.400 $ 136.700 $8.216.300 $ 65.200 $ 22.700 $11.711.800 $10.702.500 61

f CITY OF TALLAHASSEE, FLORIDA INTERNAL SERVICE FUNDS CCMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS For the Fiscal Year Ended September 30,1983 Reading Bdling and Data Central Hurnan Pension bass Collectoi Processing Accounting Stores Purchasing Garage Resources Admnistration September September Fund Fund Fund Fund Fund Fund Fund Fund 30,1983 30.1982 Operating Revenues:

Charges for Service $2.240.000 $1256.700 $1.108.000 $3,572.900 $ 354.500 $4.497.000 $ 638 200 $ 125.600 $13,793.700 $12.421.600 Mscdlaneous -

1.100 -

2.000 1.700 61.500 - -

66.300 80.900 To at Operating Revenues 2.240.000 1 257.800 1.108.000 3.574.900 356200 4 559.300 638200 125.600 13.860.000 12.502.500 Operiting Expenses Psrsonal Services 1.212.400 693.100 729.400 117.600 159 300 822.200 470.200 39.500 4.243.700 3.617.000 Contractual Servces 1.146.600 91.700 444.100 3.413.600 17.100 2.503.200 117.900 83.500 7.817.700 6.902.600 Mitsrta and Suppbes 21.700 24.400 23.900 57.300 98.600 48.300 24.400 000 299.400 164.600 Other 16.100 425.400 24.000 4,100 25.000 39.600 18.600 1.900 554.700 563.500 Deprecatto) 1.900 4.400 2.500 5.500 1200 739.900 3,600 800 759.800 632.800 Total Operating Expenses 2.398.700 1 239.000 1223.900 3.598.100 301 200 4.153200 634.700 126.500 13.675.300 11.880.500 Opstiteg income (Loss) (158.700) 18.800 (115.900) (23 200) 55.000 406.100 3.500 (900) 184.700 622.000 Nonoperating Revenues Gain (Loss) on Sale of Surp!us Property - -

(100) 7.200 - (1,900) - -

5200 62.300 Oiher - - - - -

114.900 - - 114.900 435.600 Int:yest Revenue - - - - -

326.800 - - 326.800 311.200 Total Nortoperat:ng Revenues - -

(100) 7200 - 439 800 - - 446.900 809.100 Oprrating Transfers in (Out) (4.500) -

(2.600) (3.600) (600) 378.800 (3.700) 2.400 366 200 216.500 Net income (Loss) (163200) 18.800 (118.600) (19.600) 54.400 1.224.700 (200) 1.500 997.000 1.647.600 Ret 3med E:rrungs -

October 1 311.600 92.800 540.100 2.498 600 81.600 6.980200 65.400 14.700 10.585.000 8.937.400 Retaried Ecrnings -

September 30 $ 148.400 $ 111.600 $ 421.500 $2.479.000 $ 136.000 $8204 900 $ 65.200 $ 16.200 $11.582.800 $10.585.000 62

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CITY OF TALLAHASSEE, FLORIDA INTERNAL SERVICE FUNDS COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION For the Fiscal Year Ended September 30,1983 l

l R W ng Totats Bilhng and Data Central Human Pens m September September Collects Processing Accounting Stores Purchasing Garage Resources Admnstraton 30,1983 30,1982 i

Scurces of Wortung Captat Operatiors Net income (Loss) $ (163200) $ 18.800 $ (118.600) $ (19.600) $ 54.400 $1224.700 $ (200) $ 1,500 $ 997.800 $1.647.600 items not requireg working captat Depreciat on 1.900 4. 00 2.500 5.500 1.200 739.900 3.600 800 759.800 632.800 Workng Captal Provided by Operates (161.300) 23200 (116.100) (14.100) 55.600 1.964.600 3.400 2,300 1.757.600 2.280.400 Retirement of Fixed Assets - - - - -

12.300 2.100 4200 18.600 40.900 Total Sources of Working Captal (161.300) 23 200 (116.100) (14.100) 55.600 1.976.900 5.500 6.500 1.776200 2.321.300 Uses of Workog Captal.

Acmissten of Faed Assets 5.500 600 600 1.400 2.700 1 200,700 - -

1.211.500 1299.600 increase in Restncted Assets - - - - - 893.900 - - 893.900 278.100 Total Uses of workog Captal 5.500 600 600 1.400 2.700 2.094.600 - -

2.105.400 1.577.700 Net increase n Working Captal $ (166800) $ 22.600 $ (116.700) $ (15.500) $ $2.900 $ (117,700) $ 5.500 $ 6.500 $ (329200) $ 743.600 Ewners of Net increase (Dec rease) n Wor 6 ng Captar Cesh $ (400) $ - $ - $ ~ $ - $ - $ - $ - $ (400) $ (24.600)

Equiti n Ptued Casn (166.700) 23.400 (119.500) 26.700 54.600 (228.700) 5.500 6.500 (398.200) 851.000 Accounts Re CervaD'e -

(800) -

1.000 -

28.400 - -

28.800 (13.700)

Ow from Ow Funds - - - - - - - - -

37.700 inventory Atatenals and Succ*es - - -

(23.700) (4.000) 73.500 - -

45.000 (97.900)

Accounts Pelaose 300 -

2.800 (19.500) 2.300 9.100 - -

(5.000) (8 900)

Net increase (Decrease) n Wormng Captal

$ (166.800) $ 22 60_0 $ (116 700) $ (15.500) $ $2.900 $ (117.700) $ 5.500 $ 6.500 $ (329.200) $ 743.600 l

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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 other plan.

Municipal Employees' Retirement 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 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 11 - 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.

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.

Agency Fund Leon County Franchise Fee Fund - to account for the collection and payment to Leon County of franchise fees charged to City water and sewer users who live in Leon County but not within the limits of the City, i

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1 CITY OF TALLAHASSEE, FLORIDA TRUST AND AGENCY FUNDS COMBINING RALANCE SHEET September 30,1983 Penson frust Funds Munic oal City Ponce- Pok e Empeyees' Empeoyees' Firemen's men Pensen fotal Retirement Pensnon Pensen Pensen Artion H Pensions ASSETS (guity in Pooded Cash $ 3.484 300 $ 2.231.800 $ 332.400 $144 500 $1.49J.100 $ F.741100 investments at Amortised Cost 12,467.600 21.33S 500 8 153100 60.300 6 102.300 48,118.900

Accrued Interest Receivable 700 - 500 - 500 1.700 Accounts RecenraDie 27.800 19.700 9.000 - 21 600 78,100 i Notes Receivable 348 700 - -- - 348 FOO t

Total Assets

$16 w- 32 -- w$23

,9.100, 64 7.0$8

- ,00 49. 5.100 u_204 800 2 w$ wF 6,16 500 u,%_2W .m500 LIA8ttrilES AND FUND BALANCES batxiities I

Advance trom Other Furv2s 8 - $ - 3 - $ -

Deterred Revenue - - - l

) Accounts Payabie - - - -

toto u.bii. .es - - - - - -

i Fund Baences Heterved for Employee Retirement Plans 16.329 100 23 647.000 8495.100 204,800 F.616 600 66 192.500

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i Unreserved - - - - -

Totar Fund Ba4nces 16.329 100 _ ?) 64F.000 8.4 % 100 204 800 F 616 $00 $6 292 500  !

Total liabilitest and f und Ba:ences $ t 8.329100 $23 64 P 000 $4 49%.100 $204 800 $F 6te t00 $% 297 tu)

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CITY OF TALLAHASSEE, FLORIDA PENSION TRUST FUNDS

! COMSINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND SALANCES j For the Fiscel Yeer Ended September 30,1943 i

I Municipal City Police- Police Totais

! Employees' Empeyees' F6temen's men's Pension September September

} Aotirement Penson Pension Penson Atticle 11 30,1983 30.1932

Fund Dalance - October 1 $13 335.000 $20.382.600 $1.391.000 $223000 $6.442.600 $4 7.836.000 $40.770 600 Oporating Revenues j investment income 1.418.500 2,122.600 748.000 29,100 604,900 4,983.100 4.153,100 l C4ty Contribution 1,160.000 1.580.900 332,700 - 341,400 3.415.900 2.864,700 3

Employee Contribut'on 1,129.000 610.400 192.600 - 322,200 2.254.200 1.014,400

State Contr<0ut on - - 142,500 - 196,800 330,300 300.800 Other Hovenue 6.800 2.200 - - - 9000 9.600 ,

j Total Operating Revenues 3 715 200 4 316.100 1.415.800 29.100 JS25,300 11.001,500 0 242.600 i Operating Encensos l Denet.t Payments 243.000 849 200 244 800 21,800 200,700 1,559.500 1,368.200 Hofunds 181.300 19,700 6.400 26,400 64,200 298,000 262.200 l' Medical and Insurance 246.700 86.300 29.000 - 50,400 412.400 398.200 l Administrative 111.000 96.500 32.400 - 36.100 276.000 147,700 Total Operating tipenses 182.000 1.051.700 312 600 48.200 3S1,400 2.545.000 2,176.300 i

Net income 2 933 200 3 264 400 1,103 200 (19.100) 1.173.900 8.455600 7.066.300 Fund 04!ance - September 30

_= $16 329100 --123 -647 000 $8 495.100 $204 800 $7.616 SO') SS6292.500 --$4 7.83C.900

=-.  ; = _ -- , :_ = = - --

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i 4 l' j CITY OF TALLAHASSEE, FLORIDA  ;

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PENSION TRUST FUNDS  !

! COMSINING STATEMENT OF CHANGES IN FINANCIAL POSITION >

For the Fiscel Yeer Ended September 30,1983 i

i t

Munic' pal City Police. Police Totals l

Employees' Employees' firemen's men's Pension Scotember September notarement Pension Pension Pension Article il 30,1983 30,1982 Sources of Womno Capitat j Operations .

Nat income $2.033 200 $3 264.400 $1,103 200 $(19.100) $1,173.000 $8.455 000 $ 7.066,300 l Decrease in Long Term Portion l of Note Receivable 25 400 -

25 400 21600 j Nel increase m Working Capit41 $2 958 600 $3 264 400 $1103 000 $419.100) $1,173.000 $H 481.000 $ 1.089.000 l l  !

I j Eicmsnts of Not increase in 1

Working Capitat l Equity in Pooled Cash 2.403.600 1,261.500 289.700 (25.000) 1.009,100 4.038 000 (7,317.400) ,

j investments at Cost 575,000 2.013.800 616.700 5.900 159.100 3.571,400 14.?O5.300

[

Accrued Interest Receivaolo (17,600) (8 900) - -

(9 200) (35.900) 7.400 ;

Accounts Receivabio (3.100) (2.000) (3 200) - 14,000 6,600 4 600

{ l Current Portion Note Recorvable -

i Net increase in Worhing Capital $2 058 600 $1264.400 $1.103 200 $(10.100) $1,173 000 $8 481.000 $ 1.089.000 w -# -~

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4 CITY OF TALLAHASSEE, FLORIDA EXPENDABLE TRUST FUNDS

. COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES lN FUND BALANCES For the Fiscal Year Ended September 30,1983 Downtown Stadium improve.

Operation Downtown ment Stadium and Improve- Authonty Totals Construc. Mainte- ment Parking September September tion nance Authority Garage 30,1983 30,1982 Fund Balances - October 1 $29.900 $16,000 $110.900 $ 74.800 $231.600 $149.900 Rsvenues:

Taxes - -

52.500 -

$2.500 48.800 Intergovernmental Revenues 12.200 32,100 - - 44,300 29,000 Charges for Services - - -

139.600 139.600 141.600 Interest 5.400 -

24.800 11.100 41.300 30.800 Miscellaneous Revenue - - - - -

4.900 Total Revenues 17.600 32.100 77.300 150.700 277.700 255.100 l l

Expenditures:

Current:

General Govemment -

32.100 87.200 89.300 208.600 173.400 Total Ext.enditures -

32.100 87.200 89.300 208.600 173.400 Excess of Revenues Over (Under) Expeidtures 17.600 -

(9.900) 61,400 69.100 81.700 Other Finar.cing Sources (Uses)-

Operating Transfers in (Out) - -

(76.200) -

(76.200) -

Proceeds from Safe of Property - -

25.000 - 25.000 -

Total Other Financing Sources - -

($1.200) -

(51.200) -

Excets of Revenues and Other Sources (Uses)

Over (Under)

Expenditures 17,t;00 - (61,100) 61,400 17.900 81,700 Fund Balances - September 90 $47.500 $16,000 $49.800 $136.200 $249.500 $231.600

.=m - .

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l CITY OF TALLAHASSEE, FLORIDA AGENCY FUND - LEON COUNTY FRANCHISE FEE COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES For the Fiscal Year Ended September 30,1983 Balance Balanco October 1,1982 Additions Deletions September 30,1983 ASSETS Equity in Pooled Cash $45,600 $33,900 $45,600 $33,900 LIABILITIES Accounts Payable $45,600 $33.900 $45,600 $33,900 69 l

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GENERAL FlXED ASSETS ACCOUNT GROUP To account for fixed assets not used in Proprietary Fund operations or accounted for in Trust Funds.

CITY OF TALLAHASSEE, FLORIDA SCHEDULE OF GENERAL FIXED ASSETS -

BY SOURCES September 30,1983 General Fixed Assets:

Land $ 4,203,900 Buildings 19,448,300 Improvements other than Buildings 4,943,500 Equipment 5,598,000 Construction in Progress 4,949,500 Tota! General Fixed Assets $39,143.200 Investment in General Fixed Assets from:

General Revenue Bonds $23,422,700

{

General Fund Revenues 8,317,800 Grants 4,390,600 Capital Improvement Fund 2,284,000 Gifts 453,100 Stadium Construction Fund 275,000 Total Investment in General Fixed Assets $39,143,200 l

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CITY OF TALLAHASSEE, FLORIDA SCHEDULE OF GENERAL FIXED ASSETS-BY FUNCTION AND ACTIVITY For the Fiscal Year Ended September 30,1983 Improvements Other Than Total Land Buildings Buildings Equipment General Government:

1 Control:

City Commission $ 1,000 $ -

$ 1,000 City Manager 509,300 500,000 - -

9.300 City Treasurer Clerk 15,700 - - - 15,700 l City Auditor 1,700 - - - 1,700 Total Control 527.700 500,000 - - 27,700 Staff Agencies:

Management and Budget 9,300 - - - 9,300 Minority Business 200 - - -

200 Energy Office 1,200 - - - 1,200 Grants Management 3,000 - - - 3,000 Community Liason Office 2,400 - - - 2,400 Record Retention 128,500 - - 72,300 56,200 Engineering 87,800 - - - 87,800 Public Information 15,300 - - - 15,300 Code Enforcement 18,600 - - - 18,600 General Government Buildings 16,628,500 654,900 12,860,000 2.612,100 501,500 Community Development 2,076.600 251,600 1,740,900 7,600 76,500 Total Staff Agencies 18,971,400 906,500 14,600,900 2,692.000 772,000 Total General Government 19,499,100 1,406,500 14,600,900 2,692,000 799,700 Public Safety:

Fire Protection 1,857,900 283,200 499,900 27,900 1,046,900 Police Protection 2,650,400 500,000 1,108,100 66,000 976,300 Building Inspection 27.700 - - - 27,700 Communications 129,000 - - - 129,000 '

Total Public Safety 4,665,000 783,200 1,608,000 93,900 2,180.800 Highways and Streets 543,700 - - 114,700 429,000 Sanitation 1,037,600 - 280,000 - 1.557,600 Recreation 7,554,200 2,014,200 2,959,400 1,982,800 597.800 Cemetarles 93,200 - - 60,100 33,100 Total General Fixed Assets Allocated to Functions 34,193,700 $4,203,900 $19,440,300 $4,943,500 $5,598,000 Construction in Progress 4,949,500 Total General Fixed Assets $39,143,200 I

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1 CITY OF TALLAHASSEE, FLORIDA SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS-BY FUNCTION AND ACTIVITY For the Fiscal Year Ended September 30,1983 I

General General Fixed Assets Transfers Fixed Assets October 1,1981 Additions Deductions From (To) September 30,1983 G:nstal Government:

Control:

City Commission $ 4,600 $ $ $ (3,600) $ 1,000 City Manager 523,500 -

600 (13,600) 509,300 City TreasurerClerk 41,400 1,100 200 (26,600) 15,700 City Auditor 4,800 - - (3,100) 1,700 Total Control 574,300 1,100 800 (46,900) 527,700 St:ff Agencies:

Management and Budget 14,100 - - (4,800) 9,300 Minority Business 1,000 100 -

(900) 200 Energy Office 1,900 - -

(700) 1,200 Grants Management 3,000 - - - 3,000 Community Llason Office 3,400 - - (1,000) 2,400 R: cord Retention 114,100 9.900 2,500 7,000 128,500 Engineering 1,661,200 69,200 - (1,642,600) 87,800 Public Information 16,100 -

800 - 15,300 Code Enforcement 26,300 - - (7,700) 18,600 G:neral Government Buildings 4,516,200 197,400 509,300 12,424,200 16,628,500 Community Development 1.210,000 17,000 100 849,700 2,076,600 Total Staff Agencies 7,567,300 293.600 512,700 11,623,200 18,971,400 Total General i Government 8.141.600 294,700 513,500 11,578,300 19,499,100 Public Safety:

Firo Protection 1,822,000 34,600 500 1,800 1,857,900 Police Protection 2,499,400 162,900 9,900 (2,000) 2.650,400 Building Inspection 25.900 10,?00 - (8,400) 27,700 Communications 80,600 13,000 - 30,300 129.900 Total Public Safety 4,433,900 220,700 10.400 21,700 4.665,900 Highw:ys and Streets 491.300 03,800 1,700 (39,700) 543,700 S:nitation 1,818,200 13,700 - 5,700 1,837,600 R:cr:ation 7,140,000 287,000 3,800 130,200 7,554,200 C:m:tarles 82,200 23,500 200 (12,300) 93,200 Construction in Progress 10,811,000 5,820,400 - (11,681,900) 4,949,500 Tctal General Fixed Assets $32,919,000 $6,753,800 $529,600 $ f_ 0 $39,143,200 i

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CITY OF TALLAHASSEE, FLORIDA COMMENTS ON THE STATISTICAL SECT!ON September 30,1983 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 tha 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 havo increased.

Additional schedules which are felt to be useful to various users, principally investors, underwriters and rating agencies have been includeo in this section.

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CITY OF TALLAHASSEE, FLORIDA GENERAL GOVERNMENT EXPENDITURES BY FUNCTION Last Ten Fiscal Years Streets Culture Fiscal Total General Public and and Transfer to Year Expenditures Government Safety Highwnys Sanitation Recreation Health Welfare Other Funds 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 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 24,321,800 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 1983 44,779.200 5,274.600 11.589,300 4,326,200 4,043,000 3.686,700 247,200 799,900 14,812.300 NOTE - The cchedule above includes only those expenditures recorded in the General Fund, 76

CITY OF TALLAHASSEE, FLORIDA GENERAL REVENUES BY SOURCE j 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 1974 $15,062.100 $4,422,000 $685,200 $294,700 $2,023,800 $ 100 $2.442,900 $5,013,600 $179,700 1975 16,453,800 5,640,600 607,500 184,700 2,471,200 300 4,087,200 3,348,800 113,500 1976 17,552,100 6,174,000 602.200 240,200 2,270,000 - 3,909.200 4,253,100 103,300 1977 23.177.600 5,468,700 652,600 297,700 2,462,800 200 4,599,600 9,489,400 206,600 1978 23,025,700 5,664,800 653,200 259,400 2,397,100 184,200 5,237,200 8,337,700 292,100 1973 24,723.000 5,950,400 783,600 293,600 2,401,600 341,100 6,283,400 8.160,000 509.300 1980 27,322,000 6.569,600 895,000 287,6ty) 2,652,800 648,100 5,941,700 10,175,000 152,200

'1981 34,904,400 7,325,000 981.100 249,600 2,826,100 843,500 6.031,800 16,500,000 147,300 1982 36,588,200 8.210,400 1,050,300 274,200 2,919,000 517,400 5,947,100 17,563,300 106,500 1983 45,034,000 8,595,100 1,719,800 389,500 3,540,200 665,800 8,288,900 21,754,800 129,900 NOTE - The schedule above includes only those revenues recorded in the General Fund.

17

CITY OF TALLAHASSEE, FLORIDA TAX REVENUE BY SOURCE Last Ten Fiscal Years Additional General Homestead Fiscal Total Property Telephone Utility Exemption Cigarette Year Taxes Taxes Taxes Taxes for Elderly Tax 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 1.979 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 1983 8,595,100 3,617,500 899,600 3,751,700 - 326,300 NOTE - The schedule above includes only those tax revenues recorded in the General Fund.

78

CITY OF TALLAHASSEE, FLORIDA PROPERTY TAX LEVIES AND COLLECTIONS Last Ten Fiscal Years Total Taxable Fiscal Assessed Assessed Tax Porcent Year Valuation Valuation Levy Collection _ ,

(1) 1974 (2) $1,561,689,100 $ 714,037,000 $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 2,5?8,800 97 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 2,664,000 97 1979 1,812.233,400 877,107,000 3,069,900 2.971,800 96 1980 2,234,694,600 1,133,300,400 3,168,700 3,061,400 96 1981 2,673,105,600 1,358,118,400 3,550,100 3,458,200 97 1982 2,782,858,100 1,418.980,300 3,706,400 3,597,000 97 1983 3,281,661,000 1,812,714,500 4,382,500 in Process N/A (1) Florida Statutos provide for a discount of up to four porcent for early payment of ad valorem taxes. All unpaid taxes becomo delinquent on April 1, and are sold at auction on June 1 of each year as tax cortificatos. The City, af ter all tax cortificatos 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 corporato City limits of Tallahassee, (Doth the original and the revised figures were suppiled by the Leon County Tax Appraisers Offico).

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s CITY OF TALLAHASSEE, FLORIDA PROPERTY TAX MATES - ALL OVERLAPPING GOVERNMENTS Last Ten Fiscal Years City of Tallahassoo County School Board Leon County N.W. Water Fiscal Debt Debt Debt Management Year Operating Service Operating Sorvice Operating Service District Total 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 5.500 0 0.050 17,780 1978 3.50 0 8000 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 0.380 5.359 0 0.050 16,521 1982 2612 0 7.473 0 '193 5.107 0 0 050 15.695 1983 2 578 0 7.303 0 370 5.107 0 0.050 15.418 82 1

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CITY OF TALLAHASSEE, FLORIDA j SPECIAL ASSESSMENT COLLECTIONS l

Last Ten Fiscal Years

Total Total I

Assessments Ratio of Outstanding Collections Assessments j Duo - Current l Fiscal Beginning of Assessments To Amount End of j Year Fiscal Year Collected Due Fiscal Year i 1974 $ 173,500 $ 85,500 49.31 % $ 183,500 l 1975 183,500 62,800 34.23 % 176,700 t 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

)

1 1981 1,014,000 117,000 11.54 % 1,057,700 l 1982 1,057,700 150,800 14.26 % 906,900 1983 000,000 143,000 15.76 % 763,900 i

The Charter of the City of Tallahassee allows the City Commission to assess the costs of street p3ving and sidewalks construction to the adjacent owners. Normally, this is collected in equal

! principal installments over a ten year period with Interest computed at eight percent. This J

CSsessment constitutes a tien agalnst the property which can be foreclosed upon default, i

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3 CITY OF TALLAHASSEE, FLORIDA COMPUTATION OF LEGAL DEST MARGIN i September 30,1983 i

TAXABLE ASSESSED VALUE $1,812,714,500 Debt Limit 20 Percent of Assessed Value $ 362,542,900 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 $ 362,542,900 The City of Tallahassee has no general obligation debt outstanding; the amount of general obilgation debt the City can issue is limited by City Charter.

l 84

r CITY OF TALLAHASSEE, FLORIDA COMPUTATION OF DIRECT AND OVERLAPPING DEBT September 30,1983 DIRECT DEBT City Tax Supported Ad Valorem Debt $ -

Non Self-Supporting Revenue Debt:

Capital Bonds, Series 1978 (Dated 6-15-78) $ 38,800,000 C:pital Bonds, Series 1981 (Dated 3/15183) 25,000,000 Lcss: Sinking and Reserve Funds (12,855,000) $ 50,945,000 Total Non Self-supporting Revenue Debt 50,945,000 Self-Supporting Revenue Debt:

El:ctric Revenue Bonds, Series 1977 (Dated 3/1/77) 112,790,000 El ctric Revenue Bonds, Series 1982 (Dated 10/1/82) 21.000,000 Less: Sinking and Reserve Funds (14,104.000) 119,686,000 Water and Sewer Revenue Bonds (Dated 5/1/64) 400,000 G:,5 Revenue Bonds, Series A, B, and C (Dated 1/1/55-56-57) 285,000 Municipal Utility Revenue Bonds (Dated 10/1/70-82) 26,295,000 Less: Sinking and Reserve Fund (2,816,800) 24,163.200 Total Self-Supporting Revenue Debt 143,849,200 Total Direct Debt 194,794,200 OVERLAPPING Tex Supported Ad Valorem Debt Special Tax School District No.1 School Bonds (Dated 2/1/64 10/1/68) 3,830,000 Less: Sinking and Reserve Funds (770,300) 3,059,700 Non S:lf-Supporting Revenue Debt:

Lcon County Capital improvement Series 1976-77 R: venue Bonds Civic Center (Dated 10/1/76) 6,950,000 Less: Sinking and Reserve Funds (598,000) 6,352,000 Leon County Capital Improvement Series 1977 R: venue Bonds Land Fill (Dated 7/1/78) 1,555,000 Lcss: Sinking and Reserve Funds (245,000) 1,310,000 Total Overlapping Debt $ 10.721,700 CITY SHARE OF NET OVERLAPPING DEBTW 7,505,200 TOTAL CITY DIRECT AND OVERLAPPING DEBT $202,299.400 (1) City share calculated based on 1983 County Taxable Valuation of $2,598,351,100 and City Taxable Valuation of $1,812,714,500; percent overlapping 70%,

1 I

i 85

CITY OF TALLAHASSEE, FLORIDA SCHEDULE OF GENERAL REVENUE BOND COVERAGE Last Ten Fiscal Years Percent of Debt Service Fiscal Gross Debt Service Requirements Coverage to General Year Revenue Expenditures Principalm Interestm Total Ratio Expenditures 1974 $15,062.100 $15.030,500 $ 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 19,369,500 596,100 1,440,300 2,036,400 11.4 10.5 1978 23,025,700 24,321,800 955,000 910,000 1,865,000 12.3 7.7 1979 24,723,000 24,932,400 920,000 2,208.600 3,128,600(3) 7.9 12.5m 1980 27,322,000 27,185,000 3,175,000 2,488,300 5,663,300 4.8 11.6m 1981 34,904,400 35,126,100 3,260,000 3,325,400 6,585,500(3X4 5.3 8.5(3Xd) 1982 36,588,200 36,452,200 814,800 4,195,600 5,010,400(o 7,3 6.7W 1983 45,094,000 44,779,200 20,790,700 3,320,400 24,111,100(4x5) 13.9(5) 7.2(dk5)

(1) Interest expenses reflect only that which was paid from current revenues and does not include any capitalized interest.

(2) The City advance refunded all of its outstanding General City Debt using the invested Sinking Fund ter.hnique.

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.

(3) On March 1979 the City sold $2,500,000 of Capital Bonds, Series 1979, Anticipation Notes to mature April 1,1980 at G% On March 28,1980 the City issued $2,500,000 of Capital Bonds, Series 1979, Renewal Anticipation Notes to mature October 1,1981 at 9% The proceeds of the Renewal Notes were used to retire the 1979 Notes at maturity The City subsequently set aside from other available funds, monies sufficlent 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."

(4) 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."

(5) On March 15,1983, the City sold $25,000,000 of Capital Bonds, Series 1981, Simultaneous wita the sale the City escrowed a sum sufficient to pay all principal and interest due on the 1981 Anticipaticn Notes due Apnl 1,1983.

The debt service on the 1981 Notes is not reflected in " Coverage Rates" and " Percentage of Debt Service to General Expenditures."

l I

86

3 CITY OF TALLAHASSEE, FLORIDA CONSTRUCTION, BANK DEPOSITS AND PROPERTY VALUES Last Ten Fiscal Years Commercel Resdential Constructon (1) Constructon (1) Bank Deposits (2) Property Value (3)

Number Number Commercel Savings &

Year of Units Value of Units Value Banks Loan Assn. Commercial Residential Agricu!! ural Non-Taxable 1974 30 2.175.800 587 7.926.100 308.959.000 151.468.200 Not Available Not Available Not Available Not Available 1975 19 3.981.500 207 5,389.900 319.959.100 201.200.800 382.496,500 478.623.900 165,400 279.557,700 1976 35 2.922.700 371 7.948,400 342.132.600 245.644.300 337.396.300 480.470.100 165,400 279.557,700 l

1977 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 1978 24 1.616.100 626 9.424.700 487.031.900 331.357.500 395,751,700 541.096.900 165.400 458.439,100 1979 31 4.738,400 689 12.194.200 425285.800 359.790.000 402.684.500 592.536.000 245.300 479.859.900 1980 25 6.929.100 719 18228.600 472.875.600 383.033.700 462,128.800 875258.700 333.500 534 243.300 1961 83 13.685.100 1129 27.005.800 497.860.900 365.516.800 472.561.400 878,132,600 352.100 564.841 200 1982 43 12.120.500 1.168 23.874.900 Not AvailaDie Not Available 478,761,700 881.362.000 401.300 592,628.600 1983 52 5.159.600 1,909 57,474.300 Not Available Not Available 555.822,300 1,028.649,700 1.126.800 600.719.000 l

(1) Source- Tanahassee Leon County Planning Department (2) Source: Tattahassee Business Barometer - Ta!!ahassee Chamber of Commerce l (3) Source: Leon Ccunty Property Appraiser - Estimated Actual Value l

Information for the year 1974 is not available according to the Leon County Property Appraiser's Office.

l l

l

l CITY OF TALLAHASSEE, FLORIDA

SUMMARY

OF DEBT SERVICE REQUIREMENTS i CAPITAL BONDS - SERIES 1978 l September 30,1983

)

I l

Principal I invested Invested Amount of Sinking Sinking Net Sinking i Fund Fund Payment Coupon Fund Principal Interest Purchases Earnings Due Rate % Purchases 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 - 1,220,920 640,669 376,819 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 -

51596 1,165,000 1,064,995 - 720,956 1,509,039 6.10 -

11 15 96 1,200,000 1,029,462 -

720,956 1,508,500 0.10 -

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 6.30 -

11 15-98 1,360,000 873,005 - 720,956 1,512,049 6.30 -

1 (Continued on Next Page) 88

]

i CITY OF TALLAHASSEE, FLORIDA l

SUMMARY

OF DEBT SERVICE REQUIREMENTS CAPITAL BONDS - SERIES 1978 September 30,1983 (Continued)

Principal Invested Invested Amount 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 - 720,956 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 - 562,400 - 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 $47,153,996 $13.285,854 $29,041,026 $70,198,824 $13,575,000 Bonds Dated: June 15,1978 Original Issue Amount: $38,800,000 Principal Due: Juno 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 P:ying Agent: Industrial National Bank of Rhode Island Bonds Maturing Call Premium Nov:mber 15,1988 to November 14,1989 Two Percent Nov:mb2r 15,1989 to November 14,1990 One and One half Porcent Nov:mber 15,1990 to November 14,1991 Ono Porcent Nov;mb:r 15,1991 to November 14,1992 One half of One Percent Nov;mber 15,1992 and Thoreaf ter Par i S:curity: The Bonds are secured and payable on parity with the outstanding Capital Bonds, Series 1981, by an (irrevoccbfo first or prior lien on certain revenues of current services, Stato Revenue Sharing Utility Tax, and

," Uncommitted Revenuos" of the City's Electric, Water, Gas and Sewer Systems.

' Dond R: tings: Moody's A1, Standard & Poor's A Nota: On May 15,1978, the City refunded all of its outstanding Capital Rovenuo Bonds ($31,050,000) and the outst:nding Municipal Hospital Utility Tax Bonds ($2,706,000) and acquired $5,718,000 in new construction funds. This WIs accomplished by using the Invested Sinking Fund technique through advanced refunding.

89

3 CITY OF TALLAHASSEE, FLORIDA

SUMMARY

OF DEBT SERVICE REQUIREMENTS CAPITAL BONDS - SERIES 1981 September 30,1983 e Total Payment Coupon Principal Interest Due Rate %

11 15-83 $ - $1,424,205 $1,424,205 -

5-15-84 - 1,068,153 1,068,153 -

11-15-84 375,000 1,068,153 1,443,153 6,250 5-15-85 - 1,056,434 1,056,434 -

11 15-85 400,000 1,056,434 1,456,434 6,250 5-15-86 - 1,043,934 1,043,934 -

11 15-86 425,000 1,043,934 1,468,934 6.250 5-15-87 - 1,030,653 1,030,653 -

11 15-87 450,000 1,030,653 1,480,653 6.250 5-15-88 - 1,016.591 1,016,591 -

11 15-88 500,000 1,016,591 1,516,591 6.500 5-15-89 - 1,000,341 1,000,341 -

11 15-89 525,000 1,000,341 1,525,341 6.750 5-15-90 - 982,622 982,622 -

11 15-90 575,000 982,622 1,557,622 7.000 5-15 91 - 962,497 962,497 11-15-91 600,000 962,497 1,562,497 7.250 5-15-92 - 940,747 940,747 -

11 15-92 650,000 940,747 1,590,747 7.500 5-15-93 - 916,372 916,372 -

11 15-93 700,000 916,372 1,616,372 7,750 5 15-94 - 889,247 889,247 -

11 15-94 750,000 889,247 1,639,247 8.000 5 15-95 - 859,247 859,247 -

11 15-95 825,000 859,247 1,684,247 8.200 5 15-96 - 825,422 825,422 -

11 15-96 900,000 825,422 1,725,422 8.400 5-15-97 - 787,622 787,622 -

11 15-97 975,000 787,622 1,762,622 8.600 5-15-98 - 745,697 745,697 -

11 15-98 1,050,000 745,697 1,795,697 8.700 (Continued on Next Page) 90 l

1 J

CITY OF TALLAHASSEE, FLORIDA

SUMMARY

OF DEST SERVICE REQUIREMENTS l CAPITAL SONDS - SERIES 1H1 1 September 30,1M3 (Continued)

Total Payment Coupon Principal Interest _ Due Altel 5-15-99 $ - $ 700,022 $ 700,022 -

11 15-99 1,150,000 700,022 1,850,022 8.800 5 15-00 - 649,422 649,422 -

11 15-00 1,250,000 649,422 1,899,422 8.900 5 15-01 - 593,797 593.797 -

11 15-01 1,375,000 593,797 1,968,797 9.125 5 15-02 - 531,063 531,063 -

11 15-02 1,500,000 531,063 2,031,063 9.125 5-15-03 - 462,625 402,625 -

11 15-03 1,650,000 462,625 2,112,625 9.125 5 15-04 - 387,344 387,344 -

111544 1,800,000 387,344 2,187,344 9.250 5 15-05 - 304,093 304,093 -

11 15 05 2,000,000 304,093 2,304.093 0.250 ,

5 15-06 - 211,593 211.593 -

11 15 06 2,200,000 211,593 2,411,593 9.250 5 15-07 - 100,843 109,843 -

11 15-07 2.375.000 109.843 2.484.843 9.250 TOTALS _ $25,000.000 __ $37,574,967 ._$62,574,967_

Bonds Dated. March 15,1983 l Original issue Amount: $25,000.000 Principal Due: November 15 of each year beginning November 15,1984 Int: rest Ouo: June 15 and November 15 of each year beginning November 16,1983 Paying Agent: Chemical Bank of New York Bonds Maturing Call Premium November 15,1990 to November 14,1991 Three Percent November 15,1991 to November 14,1992 Two and One half Percent November 15,1992 to November 14,1993 Two Percent

, November 15,1993 to Novomber 14,1994 One and One half Percent November 15,1994 to November 14,1996 One Percent November 15,1996 to November 14,1998 One half of One Percent November 15,1998 and Thereafter Par Security: The Bonds are secured and payable, on a parity with the outstanding Capital Bonds, Series 1978, by an irrevocable first or prior lien on certain revenues of current services, State Revenue Sharing, Utility Tax, and " Uncommitted Revenues" of the City's Electric, Water, Oss and Sewer Systems.

Bond Ratings: Moody's A1, Standard & Poor's AAA 91 l

! CITY OF TALLAHASSEE, FLORIDA

SUMMARY

OF OtiST SERVICE REQUIREMENTS ELECTRIC REVENUE SONOS SERIES 1977 i September M, IM3 l l

Fiscal

'l Year Coupon Ending, Principal Interont_ fotal it.ito % '

l' 1004 $ 4,305,000 $ 0,400,012 $ 10,105,012 4 05  !

1 DOS 4,000,000 0,100.00$ 10,100,005 4 60 ,

1000 4 820,000 5,015,805 10,705,005 4 00

) 1981 4,205,000 5,730,02$ 10,004,025 5 00 4,400,000 l

1000 S.520,315 10,010,315 5 15 <

l 1989 4,120,000 S.205.140 10.016,140 5 30 1990 4.010,000 5,044.000 10.014,080 6 40  ;

j 1091 S,235,000 4,710.000 10,011,000 $ SO '

i 1092 5,$2S,000 4,408.015 10,013.015 5 00 '

) 1093 S.030.000 4,110,215 10,000.215 $ 00 1094 0,105,000 3,041.13$ 10.000,135 6 60 f 1995 0,$05.000 3,403,505 10.040.50$ 5 00 i 1990 3,445,000 3,102,705 0.541,10% S 60 l

1991 3,SCO,000 2,002.005 0,402,005 6 60 i

! 1000 3.040.000 2,000,$0S 0,530,605 0 10 '

1999 4.010,000 2,402,205 0,632,20$ 0 10 1

2000 4,315.000 2,213.095 0.620,095 0 10 l 2001 4,510,000 1,0$0,700 0,620,700 0 10

• 2002 4.850,000 1,012.010 0,522,010 0 10 l

1 2003 S,150.000 1,310,100 0,520,100 0 to L 2004 S,400.000 1,002,010 0,$22,010 0 10 l

) 2005 S.705,000 120,0$0 0.623.0$0 0.10 .

2000 ____0 165,000 315,4S$ 0 610ud$$ 0 10 l 1 l

, _TOfALG_ $112100.000 $ 0t.442 002 $104 2M2,(162

• 1 l

Donds Dated March 1.1917 Original lasuo Amount. $134,245.000 (Flofunded $120.245,000 Outstanding bonds of various issues and l provided $1,200,000 of new money). '

Principal Due: October 1, beginning 1918

Interest Due: Aorll 1 and October 1 of each year, be0 inning October 1.1911 Paying Agent: Chemical Dank, New York l Do_nds Matu_rJng Call Promium October 1.1981 to Geotember 30,1988 Three Percent ,

1 October 1.1000 to Geotember 30,1990 Two and One Half Petcent i October 1,1000 to Geotember 30,1992 Two Percent

! October 1.1992 to Sootember 30,1994 One and One Half Percent October 1.1994 to September 30,1990 One Percent d

October 1,1000 to Geotember 30,1995 One Half of One Percent Octobe' t.1998 end thereafter Par Security: The Bonds are secured and payable, on a parity with the outstanding tiectric flevenue Bonde, Serlos 1982, from a first lien upon and pledge of the not revenues of the Municipal Clectric System.

l Flatings: Moody's A1 Standard and Poot's AA 02

r CITY OF TALLANASSEE, FLORIDA

SUMMARY

OF DEOT SERVICE REQUIREMENTS ELECTRIC RSVENUS SONOS l

SERIES IN2 September M. IN3 Finent f ynnt Coupon i p!fg, . Prin g i intefeat Total flata %

10n4 8  ?$0 000 $ 1,000.0/6 1 2,130.010 13 00 t

t90$ 213.000 t .041.$16 2,t 22,$10 13 00 1900 300.000 t.611.020 2,111.020 13 00 198f 324.000 t,112.020 2,007,020 13 00 l 1Unn 3$0.000 t,130,$16 2,000,$10 13 00 t9n9 400.000 t .66$.010 2.08$.010 13 00  :

1970 42$.000 1.011010 2,0$N,010 13 00  :

1991 41$000 1,$1/,ft2d 2.0$2,020 13 00 I992 $2$.000 t ,$10.010 2,041.016 12 60  !

t993 $1$.000 1.449.920 2,024.020 8 $0 3 1994 02$ 000 t ,410.0$0 2,035,0$0 0 60 t 199$ 100,000 t .341,300 2,041,300 0 10  !

1990 000.000 11 M.400 2,060,400 8 00 ,

1997 61$.000 1 210.000 2,09f 000 0 90 l t99n 076.000 t ,138,t 20 2,t 13,120 0 00 t 1DN 1.07$,000 t ,0$0.310 2,t26.3to 0 10  !

2000 1100000 9$2,%0 2,1 $2,$$0 0 10 L 2001 1,1$0 000 04),$$0 2,103.$$0 9 to i 2002 1.600 000 120.000 2,220,000 9 10 ,

2003 1,o/$ 730 tn4.000 2.2$9,000 1.30  !

2004 1,01$ OM 40 t,120 2,330,f 20 1.30 200$ 2.100,000 324.0',0 2,424 0$0 7 30 t 2006 2 W) fX10 if1 %0 3 #fi2iff,0 1 30 l 10fAlf) 121 000 0 0 62tt 411.nin 149,41 t .nin  !

Donds (lated October 1,1982  !

Original l'tuo Amount 121.)]O 000 Princion! Que Octobot 1 tgomng 1904 tot:fvil Dwe Abul 1 nr.d Othbot 1, bauitcing April 1,1961 Papog A9 ant Ctwemic41 (Wh, Now Yoth D o* h M 3 8'J" L . _ . _ _ C4llPratnium Oetket 1,109,! to C*u'on eet $J t )M ff,ttie Peteent October 1,1911 to Geotembot 0,0 the two at.d One Half Peteent Octot>*r 1,19A4 to Dep!ntrtw 30. Ik t$ f*c (5f tent

Oct@et 1,10M to C*otot* tM 30, '990 Con hnd One Halt Percent i Or.tober1 tPM to de,,tetrMt M 1997 One Pe' cent

%tt'ber 1,1991 to OdotJtver 30, t%! ~ One Hati of One Percent

. Och6e< 1, t996 and t'rttes:M Pat

( ficcutify Ibo DONis are t# Cured And Dey4ble, ON 8 D4 tit / With thN t'ulltending Elecific Hevehue liondt, Defint 1911, from a firel lien u%,1 std pledge of the fiel tevenues of the Municipal tiecitle Gyntem

!' Hetinue Mood /s Al, Otaederd and Poor's AA ,

l l

9)

CITY OF TALLAHASSEE, FLORIDA

SUMMARY

OF DEST SERVICE REQUIREMENTS MUNIClFAL GAS REVENUE SONOS SERIES A September 30,1983 Fiscal Year Coupon Engng principal _Intotont Total Hato %

1984 $ B5.000 $2,001 $ 57,001 3 25 1905 _t5 000 $ 804 fAH04 3 25 70fALS, ,$110 0 0 $161% $11%$75 Uond Dated. January 1,1955 Original issuo Amount. $1,000,000 Principal Duo; January 1, beginning 1957 Intorost Due: January 1 and July 1 of each year, beginning July 1,1955 Paying Agent Chemical Dank, Now Yoth Hondt.344tur.ing Call Promium January 1,1900 and thereaf tet Pat Cocurity; the Gonds ato socuted and payable, on a patify with the outstanding Municipal Gas Havenun Uonds, Corles 0 and C, from a first lion upon the not tovenues of the Municipal Gas Dystem Dond Hating. Moody a NH, Standard and Poor's A 94

CITY OF TALLAHASSEE, FLORIDA

SUMMARY

OF DEBT SERVICE REQUIREMENTS MUNICIPAL GAS REVENUE BONDS SERIES B September 30,1983 Fiscal Year Coupon Ending Principal Interest Total Rate %

1984 $25,000 $2,344 $27,344 3.75 1985 25,000 1,405 26,405 3.75 1986 25,000 469 25,469 -

TOTALS $75,000 $4,218 $79,218 Bond Dated. January 1,1956 Original Issue Amount: $500,000 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 95

CITY OF TALLAHASSEE, FLORIDA

SUMMARY

OF DEBT SERVICE REQUIREMENTS MUNICIPAL GAS REVENUE BONDS SERIES C September 30,1983 Fiscal Year Coupon Ending Principal Interest Total Rate %

1984 $ 25,000 $3,150 $ 28,150 3.60 1985 25,000 2,250 27,250 3.60 1986 25,000 1,350 26,350 3.60 1987 25,000 450 25,450 3.60 TOTALS $100,000 $7,200 $107,200 _

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, beg' inning July 1,1959 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 B, from a first tien upon the net revenues of the Municipal Gas System.

Bonj Rating: Moocy's NR, Standard and Poor's A 96

CITY OF TALLAHASSEE, FLORIDA

SUMMARY

OF DEBT SERVICE REQUIREMENTS MUNICIPAL WATER AND SEWERAGE REVENUE BONDS SERIES 1964 September 30,1983 Fiscal Year Coupon Ending Principal Interest Total Rate %

1984 $100,000 $ 7,400 $107,400 3.60 1985 100,000 3,800 103,800 3.60 1986 100,000 200 - 100,200 0.10 1987 100,000 100 100,100 0.10 TOTALS $400,000 $11,500 $411,500 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 4

CITY OF TALLAHASSEE, FLORIDA

SUMMARY

OF DEBT SERVICE REQUIREMENTS MUNICIPAL UTILITY REVENUE BONDS SERIES 1970 September 30,1983 Pscal Year Coupon Ending Principal Interest Total Rate %

1984 $ 175,000 $ 360,825 $ 535,825 6.10 1985 200,000 350,150 550,150 G.10 1986 275,000 337,950 612,950 6.10 1987 300,000 321,175 621.175 6.10 1988 450,000 302,875 752,875 0.10 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 20,700 728,700 4.10 TOTALS $6,225.000 $2.955.250 $9,180 250 Bond Dated: October 1,1970 Original issue Amount: $7,300,000 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 thereafter orior to maturity One Percent Security: The Bonds are secured and payable, on a parity with the Outstanding Municipal Uti!ity Revenue Bonds, Series 1970-A,1979 and 1982, 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 Ratirigs: Moody's A1, Standard and Poor's A +

98

/

CITY OF TALLAHASSEE, FLORIDA

SUMMARY

OF DEBT SERVICE REQUIREMENTS MUNICIPAL UTILITY REVENUE BONDS SERIES 1970 A September 30,1983 Fiscal Year Coupon Ending Principal Interest Total Rate %

1984 $ 150,000 $ 140,900 $ 290,900 4.65 1985 150,000 133,925 283,925 4.80 198S 150,000 126,725 276,725 4.95 1987 175,000 119,300 294,300 5.1 1988 175,000 110,375 285,375 5.2 1989 200,000 101,275 301,275 5.3 1990 200,000 90,675 290,675 5.4 1991 200,000 79,675 279,875 5.5 1992 200,000 68,875 268,875 5.6 1993 200,000 57,675 257,675 5.7 1994 250,000 46,275 296,275 5.75 1995 250,000 31,900 281,900 5.8 1996 300.000 17,400 317,400 5.8 TOTAL.S $2,600.000 $1.125,175 $3.725,175 Bond Dated: October 1,1970 Original Issue Amount: $3.150,000 Principal Due: 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 October 1,1989 to April 1,1932 Two Percent October 1,1992 and thereafter prior to maturi y One Percent Security: The Bonds are secured and payable, on a parity with the Outstanding Municipal Utility Revenue Bonds, Series 1970,1979 and 1982, and subordinate as to lies, cn 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 Sewcrage Systems.

Bond Ratings: Moody's A1, Standard and Poor's A +

99

r CITY OF TALLAHASSEE, FLORIDA

SUMMARY

OF DEBT SERVICE REQUIREMENTS MUNICIPAL UTILITY REVENUE BONDS SERIES 1979 September 30,1983 Fiscal Year Coupon Ending Principal Interest Total Rate %

1984 $ 190,000 $ 678,290 $ 868,290 6.25 1985 200,000 666,415 866,415 6.25 1986 210,000 653,915 863,915 6.25 1987 225,000 640,790 865,790 6.25 1988 235,000 626,727 861,727 6.25 1989 250,000 612,040 862,040 5.50 1990 265,000 598,290 863,290 5.50 1991 280,000 583,715 863,715 5.50 1992 295,000 568,315 863,315 5.60 1993 315,000 551,795 866,795 5.60 1994 335,000 534,155 869,155 6.20 1995 355,000 513,385 868,385 5.75 1996 375,000 492,972 867,972 5.80 1997 1,405,000 471,223 1,876,223 5.85 1998 1,490,000 389,030 1,879,030 5.90 1999 1,580,000 301,120 1,881,120 5.90 2000 1,680,000 207,900 1,887,900 6.00 2001 1,785.000 107.100 1,892.100 6.00 TOTALS $11.470.000 $9,197,177 $20,667,177 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 1970,1970-A and 1982, 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 +

100

CITY OF TALLAHASSEE, FLORIDA

SUMMARY

OF DEBT SERVICE REQUIREMENTS MUNICIPAL UTILITY REVENUE BONDS SERIES 1982 September 30,1983 Fiscal Year Coupon Ending Principal Interest fotal Rate %

1984 $ 100,000 $ 515,132 $ 615.132 6.000 1985 100,000 509.132 609,132 6.500 1986 125,000 502,632 627,632 17.000 1987 125,000 481,382 606,382 17.000 1988 150,000 460,132 610,132 7.250 1989 150,000 449,256 599,256 7.500 1990 175,000 438,006 613,006 7.700 1991 200,000 424,532 624,532 7.800 1992 200,000 408,932 608,932 8.000 1993 250,000 392,932 642,932 8.200 1994 250,000 372,432 622,432 8.400 1995 300,000 351,432 651,432 8.500 ,

1996 325,000 325,932 650,932 8.600 1997 350.000 297,982 647,982 8.700 1998 400.000 267,532 667,532 8.800 1999 450,000 232,332 682,332 8.800 2000 500,000 192,732 692,732 8.900 ,

2001 550,000 148,232 698,232 8.900 2002 625,000 99,282 724,282 9.000 2003 675,000 43,032 718.032 6.375 .

TOTALS $6,000.000 $6.912,988 $12,912,988 Bond Dated: October 1,1982 Original Issue Amount: $6,000,000 Principal Due: October 1, beginning 1984 ,

interest Due: April 1 and October 1, beginning April 1,1983 Paying Agent: Chemical Bank, New York Bonds Maturing Call Premium October 1,1992 to September 30,1993 Three Percent October 1,1993 to September 30,1994 Two and One-half Percent October 1,1994 to September 30,1995 Two Percent October 1,1995 to September 30,1996 One and One-half Percent October 1,1996 to September 30,1997 One Percent .

October 1,1997 to September 30,1998 One-half of One Percent October 1,1998 and thereafter Par Security: Tne Bonds are secured and payable, on a parity with the Outstanding Municipal Utility Revenue Bonds, Series 1970,1970-A and 1979, and subordinate as to lien on and security for payment to the outstanding Municipa' Gas Revenue Bonds and outstanding Municipal Water and Sewerage Revenus Bonds, from the net revenues of the Municipal Gas, Water and Sewerage Systems.

Bond Ratings: Moody's A1, Standard and Poor's A +

101

CITY OF TALLAHASSEE, FLORIDA PRINCIPAL TAXPAYERS September 30,1983 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 4.3 %

Tallahassee Mall 15,883,600 10,500 15,894,100 .9 Northwood Mall 11,443,600 -

11,443,600 .6 Governor's Square Mall 12.953,000 141,100 13,094,100 .7 1.B.M. -

10,122,400 10,122,400 .6 First Financial Corp. 8,952,300 926,200 9,878,500 .5 Taltrusco (Barnett Bank) 5,910,500 454,800 6,365,300 .4 Holiday Inn 4,756,700 646,100 5,402,800 .3 Hilton Hotel 4,300,000 406,800 4,706,800 .3 Tallahassee Democrat 3,537,600 3,336,600 6,874,200 .4

$72,688,600 $88,593.000 $161,281,600 9.0 %

102

f CITY OF TALLAHASSEE, FLORIDA SCHEDULE OF INSURANCE IN FORCE September 30,1983 Estimated Policy Period Annual Name of Company Policy Number From To Details of Coverage Liability Limit Premium Home Indemnity GG994027-BA991204 10/1/80 10/1/83 Public Liability $500.000 $430.900 Hartford Steamboiler AT 9424085@ 10/1/80 10/1/83 Boiler and Machinery $35,000.000 192.400 Vanguard UPF-0526 6/17/82 6/17/83 Public Offical Liability $1,000.000 13,100 Puritan Insurance P52064 10/1/80 10/1/83 Airport Liability $20,000.000 10.300 lowa National Mutual PG-90127461 3/29/82 3/29/83 Airport-Plate Glass Replacement 1,100 Travelers BT-133660 10/1/80 10/1/83 Acc4 ental Death-Firemen & Police $20,000 9.900 National Union 7485906 10/1/80 10/1/83 Building and Equipment Fire c4 windstorm Replacement 134.200 INA SFC-688-376 10/1/80 10/1/83 Warehouse-fire $2.665.000 6.000 American MVP-4814128 11/9/82 11/9/83 Valuable Papers-fire $100.000 400 Allied SFA-902-747 4/17/82 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 General Reinsurance X-6073 10/1/80 10/1/83 Excess Workmen's Compensation $1,000.000 46.400 103

CITY OF TALLAHASSEE, FLORIDA SALARIES AND SURETY BONDS OF PRINCIPAL OFFICIALS September 30,1983 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 65,000 50,000 Joe Dykes Deputy City Manager 55,062 10,000 Dean Block Deputy City Manager 48,720 10,000 Thomas Smith Director Underground Utility 48,744 10,000 R. A. Miller, Jr. Director Public Works 49,380 10,000 Bob Inzer Treasurer-Clerk 42,432 50,000 Benjamin Wait, Ill Director Electric 52,558 10,000 Lynne Brion Director Employee Relations 42,324 10,000 Fred Joiner Director Data Processing 39,270 10,000 Randy Trousdell Director Parks and Recreation 40,777 10,000 James Gould City Auditor 38,858 10,000 Melvin Tucker Police Chief 40,620 10,000 Edwin C. Ragans Fire Chief 36,960 10,000 Larry Carter Director Taltran 32,877 10,000 Bob Johnson Director Airport 33,714 10,000 George Manning Director Community Improvement 30,450 10,000 Sharon Strong Director Aff. Action 26,400 10,000 Charles Messer Comptroller 39,270 15,000 Kenneth Branch Cashier 28,899 50,000 Terry Barfield Purchasing Administrator 33,925 15,000 Waldo Thomas Supply Superintendent 22,406 15,000 Charles Barrier Director General Services 39,270 10,000 Chuck Cuthbertson Director-Budget and Research 36,225 10,000 Philip F. Inglese (as of 11/7/83) Director of Finance 45,000 100,000 104

/  ;

CITY OF TALLAHASSEE, FLORIDA MISCELLANEOUS STATISTICAL DATA -2 September 30,1983 4

Date of incorporation 1825 Date First Charter Adopted 1825 7 Date 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 Miles by Ten Year Periods for Last Forty Years:

Land Area Increase Area New Total 1941 4.15 0.75 4.90 1951 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 'S

~

Average Annual Rainfall: 61.58 inches _

Community Facilities Electric System:

Generating Plants 2 i Generating Capacity 549,442 KW Net System Energy Generated 1,278,888,493 KWH -

Average Number Residential Customers 49,038 Average Residential Monthly Bill $63.88 Miles of Transmission Lines 170 _ 4 Primary Distribution Sub-System Capacity 580,000 KVA _

Square Miles of Service Area 183 Sewage System:

Miles of Sanitary Sewers 451 Number of Litt Stations 87 ~

Daily Average Treatment (Gallons) 12.5 MGD Maximum Capacity of Treatment Plants 22.1 MGD Number of Disposal Plants 4 Number of Service Connections 30,713 M

• Each year the Commissioners, from among themselves, elect the Mayor for the City of Tallahassee, Florida (Continued on Next Page) 1 105

CITY OF TALLAHASSEE, FLORIDA MISCELLANEOUS STATISTICAL DATA September 30,1983 (Continued)

Water System:

Miles of Water Mains 507 Daily Average Consumption (Gallons) 18,000,000 Plant Capacity (Gallons) 48,000,000 Number of Service Connections 37,380 Deep Wells 18 Number of Fire Hydrants 1,500 Gas System:

Miles of Gas Lines 245 Daily Average Consumption (MCF) 3,833 MCF Plant Capacity (MCF) 4,000 MCF Number of Service Connections 7,635 Number of Street Lights 7,795 Miles of Streets:

Streets - Paved 408 Education:

Senior High Schools: 4 Number of Classrooms 292 Number of Administrative Personnel 16 Number of Teachers 293 Number of Students 6,248 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 of Administrative Personnel 18 Number of Teachers 221 Number of Students 5,439 Elementary Schools: 18 Number of Classrooms 403 Number of Administrative Personnel 40 Number of Teachers 506 Number of Students 10,662 Vocational High School: 1 Number of Classrooms 5 Number of Administrative Personnel 4 Number of Teachers 5 Number of Students 2,627 (Continued on Next Page) 106

CITY OF TALLAHASSEE, FLORIDA MISCELLANEOUS STATISTICAL DATA September 30,1983 (Continued)

Major Educational Institutions:

Florida State University Florida A & M University Tallahassee Community College Lewis M. Lively Vocational Technical College 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 1982 22,363 5,186 4,511 2,627 Faculty - Staff Employment (Monthly Average)

Year FSU FAMU TCC Lively 1971 5,427 816 120 -

1980 7,594 1,078 280 275 1981 6,943 1,212 210 213 1982 7,561 1,212 174 213 Fire Protection:

Number of Stations 5 Number of Employees 154 Police Protection:

Number of F_mployees 263 Number of Vehicular Patrol Units 125 Number of Law Violations:

Physical Arrests 2,579 Traffic Violations 11,208 Parking Violations 96,431 Jail Population:

Maximum Occupancy 226 Average Occupancy 213 Rec 9ation:

Arts and Craf ts Center 1 Baseball and Sof tball Fields 71 Golf Course - Jake Gaither Municipal 9 Holes Hilamon Park Municipal 18 Holes Parks 423 Acres Recreation Centers 6 Supervised Playgrounds 15 Tallahassee-Leon County Civic Center - Seating Capacity 13,500 Tennis Courts 23 Theaters:

-Tallahassee Little Theatre Playhouse - Seating Capacity 125 Florida State University:

Conradi Theater - Seating Capacity 300 Fine Arts Theater - Seating Capacity 500 Moore Auditorium 300 Opperman Music Hall - Seating Capacity 400 Ruby Diamond Auditorium 1,500 Tully Gym - Seating Capacity 4,000 ,

Presents a variety of productions annually.

One-fif th of these are free admission.

(Continued on Next Page) 107

CITY OF TALLAHASSEE, FLORIDA MISCELLANEOUS STATISTICAL DATA September 30,1983 (Continued)

Florida A & M University:

Charles Winterwood theater - Seating Capacity 712 Foster Tanner Fine Arts - Seating Capacity 160 Lee Hall - Seating Capacity 1,425 Perry Page Auditorium - Seating Capacity 420 Presents 50% admission free productions and shows annually.

Other Recreation Activities:

Tennis, Basketball, Volleyball, and Shuffleboard Courts 32 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 Universit) - Educational WFSU ABC WECA NBC WTWC Transportation:

Airport:

Tallahassee Municipal Altport - Flights daily by Eastern, Republic and Air Florida serving all sections of the United States.

Bus Lines:

Local - Taltran interstate - Greyhound Bus Lines Trailways Bus System Highways:

U.S. #90, U.S. #27, U.S. #319 Interstate #10 State Road #20, #369 (Continued on Next Page) 108

i 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 Building 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 1983 2,395 93,992,840 Employees as of September 30,1983 1,894 Elections:

Number of Registered Voters 56,692 -

Number of Votes Cast In: Percentage of Registered Voters Voting Last General Election 43,102 76 %

Last Municipal Election 15,663 27 %

Population Census (Last Four U.S. Censuses) 1940 16,240 1950 27,237 1960 s 48,174 1970 72,586 1980 81,548 1983 Est. 107,456 Economic Dimensions Employment; incomo Trends: 1959 1981 Average Year Household Income $0-7,999 $8 9,999 $1014,999 $15-24,999 $25,000 +

1959 $ 6.603 76.7 % 13.5 % 0.8 % - -

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 %

i 1982 N/A N/A N/A N/A N/A N/A 1

1 N/A - Not Available (Continued on Next Page) 109

CITY OF TALLAHASSEE, FLORIDA MISCELLANEOUS STATISTICAL DATA September 30,1983 (Continued)

Sources of Personal Income: 1960 - 1981 Source of Income 1960 % 1968 % 1978 % 1979 % 1980 % 19_81 ]o 1982 %

Agriculture 1.6 0.6 - -

25.9 24.2 N/A Manufacturing 6.7 5.0 3.7 3.4 2.9 2.8 NIA Construction 8.1 7.2 4.4 4.5 3.7 3.2 N/A Mining 0.1 - - - - -

N/A Transportation, Communication and Public Utilities 4.5 2.4 3.5 3.2 2.3 2.6 N/A Trade 18.9 17.0 20.3 21.8 14.7 14.6 N/A Finance, insurance, Real Estate 6.4 5.6 4.4 4.5 3.4 3.6 N/A Services 13.9 12.1 13.0 16.5 12.5 13.2 N/A Other Private industry 0.1 0.5 - - - -

N/A Government 39.7 49.6 50.7 46.1 34.6 35.8 N/A 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 AnnualStato 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 f rom prestressed concreto products to National.

ly known quality mobile homes).

Indicos of Growth (Over a Year Period): ..

Motor Public Vehicle Airlino School Tele-Commercial Regis- Pass- Postal Enroll- phone Year Assets tration engers Receipts ment Stations 1960 $ 64,373,068 21,618 43,816 $ 1,498,291 14,959 26,831 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 1982 N/A N/A N/A N/A 21,879 N/A N/A - Not Availablo 110

m CITY OF TALLAHASSEE, FLORIDA DEMOGRAPHIC STATISTICS For Years indicated Tanable (4) Retail (4) Income (4) Savings & Loan Estimated (4) Assessed Saies Per Association Building (2) Motor (2) rear Popula tion Valuation (000's) Household Bank Assets

• Assets

• Pe.rmit: Vehicles 1960 48,174 $ 116.053.625 $ 82.600 $ 6.670 $ 64.370.068 $ 42,163.388 $ 14,490.322 21,618 1961 49.800 118.854.319 91.408 6.988 71,435.810 46.322,986 14 576.345 22.618 l962 50.500 124.054.736 101.968 6.956 72.390.739 51,789.143 13.277,680 23.362 52.200 134.232.250 115.474 7,187 77.375.876 58.243.952 26,848.028 26.614 ll963 1964 55,700 149.472.365 94.651 7 674 86.027,633 63.275.336 27.618.501 26.497 1965 60.500 157.508.255 104.133 8,146 95.952,940 67.847.211 42.341.387 29.237 l966 62.700 164.711,466 111.291 8.438 104.331.767 68.712.764 28.078,645 31,394 1967 63.300 219,181.060 123.675 9.337 120.219,527 78.373,129 34.254.502 34,910 1968 64.700 243.691.220 143.712 9.938 132.867.353 82.419.666 40.164,194 37,719 -

1969 69.400 262.274.920 180.488 10.330 148,123,714 84.333.950 43,738,497 41,332 _

1970 72.586 342.730.400 200.875 10 210 169.230.670 87.928.047 41.034.984 43.432 Change 1960-70 50 7 % 195 3 % 143 2*4 53.1 % 162 9 % 108 5 % 183 2 % 100 9 % i 1972 74.98G $398.801,551 $297.320 $11,723 $291.019.897 $ 825.948.937 $155.186.167(3) 60.517 1973 76.944 438.977,189 391.217 12.648 350.281.933 959.709,257 31,457,507 75.753 1974 78.167 714,037.947 428.320 14.016 360.383.274 1,133.670.452 88.919.275 83.038  ?

1975 78.599 729.603.502 438.979 14.304 373.420.269 1.352.801,881 67,710.684 87,056 1976 78.730 745.149.899 396 952 15.780 390.711.222 1.508.788.359 62.818.956 106,680 1977 78.965 787.861.047 428.174 17.286 415 464,766 1,710.196.066 97,159.052 104.651 1978 79.300 787.979.770 474.180 19.242 504.392.939 2.328.661.224 134.817,287 108.049 1979 80.257 877,107.600 408.942 21,186 509.002.538 2,160.285.480 110.908.929 107,353 ,

1980 81.548 1.133.300.388 721.527 20.323 542.917 554 3.522.162,403 137,796,466 112.833 1981 92.328 1.358.118.400 822.175 22.532 574.365.G00 4.213,075.278 137,109.919 117,445 =

1982 95.498 1.418.980.300 N/A N/A N/A N/A N/A N/A ,,

Change

$,nce 1970 2 7 1 */. 296 2 % 309 2 % 120 6 % 239 3 % 4691.5 % 234 1 % 170 4 %

Source Research Department. Tallahassee Area Chamber of CommeTe and City records -

11) U S. Bureau of Census 1960. 1970. other year estimates by Sales Management, Surve/ of Buying Pt.wer.

i2) Leon County statist cs (3) Unusual increase prompted by State moratonum on cor struction in urban areas potentiany subject to poHuton due to increases in population l(density.

4) City of Tallahassee statistics

'Due to merger, Flor da Federal Savings & Loan Association's figures are not available dunng 1971,1972, and 1973. The assets of financial institutions are now used to more rehably reflect worth These figures are from Chamber of Commerce - Inden of Leon County Growth.

N/A - Not Ava.lable '

(Continued on Next Page)

E 1

l 111

CITY OF TALLAHASSEE, FLORIDA DEMOGRAPHIC STATISTICS For Years Indicated (Continued)

Water Electric (1) Consumed (1) Gas Used (1) Leon Coum Telephone Airline KWH U. :d (Gats) (Cu. Ft ) Postal School Year Stations Passengers (000's) (Millions) (Millions) Receipts Enrol l men:

1960 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 1962 31,548 39,803 209.811 2.309 9 893,191 1,613.206 15.213 1963 31,830 52,020 153.823 2.412.4 957,721 2,036,743 16.017 1964 34.359 55.576 277.901 2,470 2 1,004.872 2,148,105 16,717 1965 36.733 62.966 203.167 2.698.4 956,230 2,270.970 17.215 1%6 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 1969 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 % 238C % 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 1982 N/A N/A 1,339,339 5.830.7 1.251,515 N/A 21,879 Change Sinee 1970 110 9 % 90 6 % 85.4 % 48 7 % (24 3%) 386 % 4.35 %

Source: City Records - Electric, Water and Gas data Other data from Research Department, Tallahassee Area Chamber of Commerce.

N/A - Not Available 112