R2002-0087 06-10-02 RESOLUTION NO. R2002-87
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS, ACCEPTING THE RESULTS OF THE CITY'S ANNUAL
FINANCIAL AUDIT AS PREPARED BY THE ACCOUNTING FIRM OF
PATTILLO, BROWN AND HILL.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That certain financial audit as prepared by Patillio, Brown and Hill, a
copy of which is attached hereto as Exhibit "A" and made a part hereof for all purposes, is
hereby authorized and approved.
Section 2. That the City Council accepts the results of the City's annual financial
audit.
PASSED, APPROVED and ADOPTED this the 10 day of JUNE
A.D., 2002.
TOM REID
MAYOR
ATTEST:
ly 8E~ETARY "
APPROVED AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY
Exhibit "A"
R2002-87
CITY OF PEARLAND, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended September 30, 2001
Prepared By:
Finance Department
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CITY OF PEARLAND, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
TABLE OF CONTENTS
Year Ended September 30, 2001
Exhibit Page
INTRODUCTORY SECTION
Letter of Transmittal
GFOA Certificate of Achievement for
Excellence in Financial Reporting
Organization Chart
Principal Officials
Executive Managers
8
9
0
Independent AuditorsReport 13
GENERAL PURPOSE FINANCIAL STATEMENTS
Combined Balance Sheet - All Fund Types, Account Groups, and
Discretely Presented Component Unit 1 16
Combined Statement of Revenues, Expenditures, and Changes in Fund
Balances All Governmental Fund Types
Combined Statement of Revenues,' Expenditures, and Changes in Fund
Balances Budget and Actual - General and Debt Service
Funds 3 20
Combined Statements of Revenues, Expenses, and
Changes in Retained Earnings Proprietary (Enterprise) Fund Types 4 22
Combined Statements of Cash Flows — All Proprietary Fund Types 5 23
Notes to Financial Statements 24
18
REQUIRED SUPPLEMENTARY INFORMATION 52
Pension Information= Texas Municipal, Retirement System
COMBINING AND INDIVIDUAL FUND AND ACCOUNT GROUP;
FINANCIAL' STATEMENTS AND SCHEDULES
Governmental, Fund Types
General Fund:
Comparative Balance Sheet A-1 58
Statement of Revenues, Expenditures, and Changes in Fund
Balance - Budget and Actual A-2 59
Schedule of Revenues - Budget and Actual A-3 60
Schedule of Expenditures Budget and Actual A-4 64
CITY OF PEARLAND, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
TABLE OF CONTENTS
Year Ended September 30, 2001
FINANCIAL SECTION (continued)
COMBINING AND INDIVIDUAL FUND AND ACCOUNT GROUP
FINANCIAL STATEMENTS AND SCHEDULES (continued)
Governmental Fund Types (continued)
Special Revenue Funds:
Combining Balance Sheet
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances
Debt Service Fund:
Comparative Balance Sheet
Statement of Revenues, Expenditures, and Changes in Fund
Balance - Budget and Actual
Capital Projects Funds:
Combining Balance Sheet
Combining Statement of Revenues, Expenditures,. and
Changes in Fund Balance
Account Groups
Exhibit Page
B-1
B-2
C-1
C-2
D-1
D-2
72
74
78
79
82
84
General Fixed Assets:
Schedule of General Fixed Assets by Source E-1 90
Schedule of Changes in General Fixed Assets by Function and Activity E-2 91
Schedule of General Fixed Assets by Function and Activity E-3 92
General Long -Term Debt:
Schedule of General Long -Term Debt Service
Requirements to. Maturity
Enterprise Fund Debt- Schedule of Enterprise Fund
Debt Service Requirements to Maturity
G
94
98
Component Units
Combining Balance Sheet I-1 102
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balance I-2 103
Combining Balance Sheet Pearland Economic Development
Corporation (PEDC) I-3 104
ii
CITY OF PEARLAND, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
TABLE OF CONTENTS
Year Ended September 30, 2001
Exhibit Page
Financial Section (continued)
COMBINING AND INDIVIDUAL FUND AND ACCOUNT GROUP
FINANCIAL STATEMENTS AND SCHEDULES (continued)
Component units (continued)
Combining Statement of Revenues. Expenditures, and
Changes in Fund Balance Pearland Economic Development
Corporation (PEDC) I-4 105
Combining Balance Sheet TIRZ # 1 and TIRZ#2 I-5 106
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balance TIRZ#1 and TIRZ#2 I-6 107
Schedule of Component Unit Funds Debt Service
Requirement to Maturity I-7 108
UNAUDITED STATISTICAL SECTION
General Governmental Expenditures by Function — Last Ten Fiscal Years 1 110
General Governmental Revenues by Source - Last Ten Fiscal Years 2 111
Property Tax Levies and Collections -.Last Ten Fiscal Years 3 112
Assessed Value of Taxable Property - Last Ten Fiscal Years 4 113
Property Tax Rates - Direct and Overlapping Governments
I ast Ten Fiscal Years 5 114
Principal Taxpayers 6 115
Property Value, Construction, and Bank Deposits 7 116
Ratio of Net General Long -Term Debt to Assessed Value and
Net Long- Term Debt Per Capita Last Ten Fiscal Years 8 117
Ratio of Annual Debt Service Expenditures for General Long -Term Debt
to Total General Governmental Expenditures - Last Ten Fiscal Years 9 118
Computation of Direct and Overlapping Debt 10 119
Demographic Statistics 11 120
Miscellaneous Statistical Data 12 121
iii
INTRODUCTORY SECTION
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PEMAND
To the Honorable Mayor, Members
of City Council and Citizens of
the City of Pearland
Pearland, Texas:
TEX A S
The comprehensive annual financial report of the; City of Pearland, Texas (the "City") for the fiscal year
ended September 30, 2001, is hereby submitted Responsibility for both the accuracy of the data, and the
completeness and fairness of the presentation, including all 'disclosures, rests with the City. To the best of
our . knowledge and belief the enclosed data are accurate in all material respects and are reported in a
manner designed to present fairly the: financial position and results of operations of the various funds and
account groups of the City All disclosures necessary to enable the reader to gain an understanding of the
City's financial activities have been included.
The comprehensive annual financial report is presented in three sections: Introductory, Financial, and
Statistical Section. The Introductory Section includes this transmittal letter, the City's organizational chart,
and a list ofprincipal officials. The Financial Section includes the general-purpose financial statements and
the combining and individual fund and account group financial statements and schedules as well as the
auditor's report on the financial statements and schedules The Statistical Section includes selected financial
and demographic information, generally presented on a multi -year basis.
The financial reporting entity (the City") includes all the funds and account groups of the primary
government (i.e., the City of Pearland as legally defined) as well as all of its Component Units. Component
Units are legally separate entities for which the primary government is financially accountable. The City
provides the full range of municipal services contemplated by statute or charter. This includes police and
fire protection, health and social services, public improvements, planning and zoning, and general.
administrative services. The City also provides water sewer, and sanitation services. Additionally the City
has an Economic Development Corporation, designed to attract and retain jobs and more fully develop the
local ad valorem tax base
Discretely presented and blended component units are reported in a separate column in the combined
financial statements to emphasize that they are legally separate from the primary government and to
differentiate their financial position results of operations, and cash flows from those of the primary
government. The Economic Development Corporation is reported as a discretely presented component unit
as well as TlRZ #Land TIRZ #2.
ECONOMIC CONDITION AND OUTLOOK
The City of Pearland lies fifteen miles southeast of downtown Houston and ten miles from the Texas
Medical Center in the northeast corner of Brazoria County, with small areas within Harris and Fort Bend
Counties. Pearland is accessible by way of four major highways and is six miles from Houston Hobby
Airport.
3519 LIBERTY DRIVE • PEARLAND, TEXAS 775811_5416-19 • (281) 485-2411 • www.ci.pearland.tx.us
Sales tax receipts have shown favorable increases for the last several years. Permits for more than 1,000
single-family residences were issued in 2001. The Pearland Economic Development Corporation (PEDC)
awarded incentive packages to either attract new businesses or allow existing businesses to expand
MAJOR INITIATIVES
The Pearland City Council sets its goals each year in a strategic planning workshop. Some of the
highlighted goals include:
• Enhance the transportation network to improve the efficiency of traffic movements.
• Update land use and development standards and practices to reflect the goals of the Comprehensive Plan.
• Create recreational opportunities to meet the needs of the citizens.
• Maintain and enhance Pearland's high standards of public safety.
• Reduce the frequency and severity of flooding. through a comprehensive storm watermanagement policy.
• Ensure adequate water supply and wastewater treatment capacity for growth.
• Ensure the City is financially sound and fiscally responsible.
FUTURE OUTLOOK
Brazoria County's current population is just under 228,000. It is estimated that this will increase to over
330,000 in the next ten to fifteen years According to the Brazoria County Partnership, job growth will be
focused in four primary areas: 1) aerospace/high technology, 2) transportation and distribution, 3)
petrochemical and downstream petrochemical companies, and 4) tourism.
In late 1998, the City of Pearland created a Tax Increment Reinvestment Zone (TIRZ #2). This involved the
annexation of over 3,000 acres west of the State Highway 288 (SH 288) corridor. The city limit now
extends to portions of Fort Bend County. The proposed development, Shadow Creek Ranch, has the
potential to develop the acreage over a fifteen to twenty year time frame. It is estimated that 7,000 new
single-family homes, 1,800 assisted living units, and 3 900 multi -family units could be developed. .More
than two billion dollars worth of value would be added over the next twenty years.
Shadow Creek Ranch will not only improve roads in the area, but will also bring in sewer and drainage,
water, and major landscaping to the area The added population poises SH 288 for major retail and
commercial development that could eventually include major office buildings, a hospital, and hotels.
DEPARTMENT FOCUS
Finance: The Finance Department continues to improve in multiple major areas. Additional staff has
allowed for enhanced interest earnings and improved financial projections. The department continues to
submit winning GFOA awards for budget presentation and financial audit reporting. Purchasing procedures
have allowed the city to streamline and centralize its purchasing function.
FINANCIAL INFORMATION
Management of the City is responsible for establishing and maintaining an internal control structure
designed to ensure that the assets of the City are protected from loss, theft or misuse, and to ensure that
adequate accounting data are compiled to allow for the preparation of financial statements in conformity
with generally accepted accounting principles. The internal control structure is designed to provide
reasonable, but not absolute, assurance that these objectivesare met. The concept of reasonable assurance
recognizes that (1) the cost of controls should not exceed the benefits expected to be derived and (2) the
evaluation of costs and benefits requires estimates and judgments by management.
Accounting Controls. We believe that the City's accounting controls provide reasonable assurance that
errors or' irregularities that could be material to the financial statements are prevented or would be detected
within a timely period by employees in the normal course of performing their assigned function.
Budgeting Controls. In addition, the City maintains budgetary controls. The objective of these budgetary
controls is to ensure compliance with legal provisions embodied in the annual appropriated budget approved
by the City s governing body. Activities of the General, Debt Service, and Enterprise Funds are included in
the annual appropriated budget. The level of budgetary control (the level at which expenditures cannot
legally exceed the appropriated amount) is the total approved budget for each department.
As demonstrated bythe statements and schedules.included in the financial section of this, report, the City
continues to meet its responsibility for sound financial management.
General Government Functions The revenue from the general, special revenue, and debt service funds, and
the amount and percentage of increases and decreases in relation to prior year revenue, is summarized in the
following schedule
Revenue Source
Property taxes and penalties
Sales and hotel/motel taxes
Franchise and gross receipts taxes
Licenses and permits
Fines and forfeitures
Intergovernmental
Charges for services
Interest
Other
2001
Amount
10,833,292
4,862,571
2,303,730
1,896,728
856,641
333,677
3,202,767
416,572
1,491,941
26,197,919
2001
Percent 2000
of Total Amount
41•4 9,272,373
18 6 3,745,460
8.8 2,022,789
7.2 1,469,799
3.3 ; 731,959 '
1.3 318,631
12.2 3,061,545
1.6 488,484
5.7 687,003
100.0 21;798,043
2000
Percent Increase
of Total (Decrease)
Percent of
Increase
(Decrease)
42.5 1560,919
17.2 1,117,111
9.3 280,941
6.7 426,929
3.4 124,682
1.5 15,046
14.0 41,222
2.2 (71,912)
3.2 804,938
100.0 4,399,876
16.8
29.8
13.9
29
17
.47
046
(14.7)
117
The most significant percentage increase in revenue was derived from Licenses and Permits. This was due
primarily to the continued growth of the city and related building permits. The percentage changes between
the "interest' and "other" line items offset each other.
Allocations of property tax levy by purpose for 1999-2000 fiscal year and the preceding two fiscal years are
as follows (amount per $100/assessed value):
Purpose
2001
2000
1999
General Fund
General Obligation Debt
Total Tax Rate
0.435
0.260
0.695
0.440
0.255
0.695
0.440
0.255
0.695
The expenditures for the general, special revenue, and debt service funds and the amount, and percentage of
increases and decreases inrelation to the prior year expenditures, are summarized in the following schedule.
Function
2001 2001
Amount Percent of
Total
2000
Amount
2000 Increase
Percent of (Decrease)
Total
Percent of
Increase
(Decrease)
General
Government
Public Safety
Public Works
Community
Services
Debt service
$ 4,235,344 18.5
6,692,138
5,974,667
2,662,369
29.3
26.2
11.7
$ 3,971,691 19 1 $ 263,653 6.6.
5,952,191
5,635,397
1,781,610
28.6
27.1
8.6
739,947
339,270
870,759
12.4
6.0
4.9
3,275,682 14.3 3,436,061 16.5 160,379 4.7
Enterprise Operations. The government's enterprise operations are comprised of the Water and Sewer
System
Water and Sewer System Operating revenues totaled $7,430,607 compared to $7,146,031 last year, a 4.0%
increase. The increase is due to increase in growth and annexations. Comparative data for the past two
fiscal years are presented in the following schedule
2000-01
1999-00
Operating revenues
Operating expenses (before
depreciation)
Operating income (before
depreciation)
Number of customers
$ 7,453,484
4,946,621
2,806,863
11,780
$ 7,146,031
3,899,289
3,246,742
11,000
Debt Administration. The ratio of net debt to assessed valuation and the amount of bonded debt per capita
are useful indicators of the City's debt position to municipal management, citizens, and investors. These
data for the City of Pearland at September 30, 2001, are presented in the statistical section of this report.
The City's assigned "insured" bond ratings on its most recent issue were as follows:
Moody's Standard & Poors
Revenue Bonds AAA AAA
Tax Bonds AAA AAA
Cash Management. Cash, temporarily idle during the year, was invested in certificates of deposit ranging
from 60 to 365 days to maturity. Certificate of deposit and cash amounts which exceed FDIC coverage are
collateralized by securities owned by the City's, depository. All investments held by the City during the year
and at September, 30 2001, are classified in the category of lowest credit risk as defined by the
Governmental Accounting Standards Board.
Risk Management. During 2000-01, the City continued an aggressive risk management program for
worker s compensation. Various risk control techniques, including employee accident prevention training,
have been emphasized during the year in order to minimize accident -related losses.
OTHER INFORMATION
Independent Audit. The City Charter requires an annual audit of the books of account, financial records,
and transactions of all administrative departments of the City by an independent certified public accountant.
The accounting firm of Pattillo, Brown and Hill, L.L.P. was selected by the City Council to perform this
years audit. This requirement has been complied with and the auditors' opinion has been included in this
report.
Awards
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a
Certificate > of Achievement for Excellence in Financial Reporting to the City of Pearland for its
Comprehensive Annual Financial Report for the fiscal year ended September 30, 2000. This was the twenty
fourth consecutive year that the City has received this prestigious award.
In order to be awarded a Certificate of Achievement, a governmental unit must publish an easily readable
and efficiently organized comprehensive annual financial report, whose contents conform to program
standards. Such reports must satisfy both generally accepted accounting principles and applicable legal
requirements.
A Certificate of Achievement is valid for a period of one year only. We believe our current report continues
to conform to Certificate of Achievement Program requirements and we are submitting it to GFOA to
determine its eligibility for another certificate.
In addition, the government also received the GFOA's Award for Distinguished Budget Presentation, the
fourteenth consecutive year for its annual appropriated budget dated September 13, 2000. In order to qualify
for the Distinguished Budget Presentation Award, the government's budget document was judged to be
proficient in several categories including policy documentation, financial planning, and organization,
Acknowledgments. We would like to express our appreciation to all members of the Finance and
Administration Department who assisted and contributed to its preparation. We would also like to thank the
Mayor, members of. the City Council, and City Manager for their interest and support in planning and
conducting the financial operations of the City in a responsible and progressive manner
R pectfully sub • 'tied,
y Cau ey
for of Finance
March 15, 2002
Certificate of
Achievement
• for ExcellOte-•
in Financial
Reporting
Presented to.
City of Pearland,
Texas
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
September 30, 2000
A Certificate of Achievement for Excellence in Financial
Reporting is presented by. the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annualfinancial
reports (CAFRs) achieve the highest
standards in government accounting
and financial reporting:
Executive Director
CITIZENS
MUNICIPAL JUDGES
ECONOMIC
DEVELOPMENT
CITY COUNCIL
CTTY MANAGER
f
CITY ATTORNEY
FINANCE
ACCOUNTING
PURCHASING
UTILITY BILLING
INFORMATION
SYSTEMS
FIRE MARSHAL/
EMERGENCY
MANAGEMENT
FIRE
EMERGENCY
MEDICAL
SERVICES
PARKS &
RECREATION
RECREATION
PARKS/ BUILDING
MAINTENANCE
COMMUNITIY
CENTER
KNAPP BUILDING
CUSTODIAL
DEPUTY .CITY
MANAGER
ENGINEERING
I PROJECTS
I
I PUBLIC WORKS f
FLEET
MAINTENANCE
STREETS AND
DRAINAGE
WATER
PRODUCTION
AND
WASTEWATER
TREATMENT
WATER AND
WASTEWATER
DISTRIBUTION
AND
COLLECTION
WATER AND
WASTEWATER
CONSTRUCTION
POLICE I
CRIMINAL
INVESTIGATION
DIVISION
CIVILIAN
COMMUNITY.
SERVICE
PATROL
EXECUTIVE
DIRECTOR OF
ADMINISTRATIVE
SERVICES
(CITY SECRETARY
HUMAN
RESOURCES
MUNICIPAL
COURT
COMMUNITY
DEVELOPMENT
ANIMAL
CONTROL
BUILDING
INSPECTION
CODE
ENFORCEMENT
PLANNING AND
ZONING
I GRANTS/PUBLIC
AFFAIRS
CITY OF PEARLAND, TEXAS
List of Principal Officials
As of September 30, 2001
Elected Officials
Tom Reid
Larry Marcott (Position 4)
Richard Tetens (Position 1)
Woody Owens (Position 2)
Larry Wilkins. (Position 3)
Klaus Seeger (Position 5)
Appointed Officials
Bill Eisen
Young Lorfing
Darrin Coker
Mayor
Council Member,
Mayor Pro Tem
Council Member
Council Member
Council Member
Council Member
City Manager
City Secretary
City Attorney
Page 1 of 2
CITY OF PEARLAND, TEXAS
List of Principal Officials
As of September 30, 2001
Executive Managers
Vacant Executive Director of P E D C
Jimmy Causey Director of Finance
Chris Doyle Police Chief
Larry Steed Fire Marshal/Emergency
Management Director
Page 2 of 2
Tobin Maples Manager of Administrative Serv.
Ed Hersh Director of Parks & Recreation
Glenn Chaney Municipal Court Judge
Edward Sillas Municipal Court Judge
Floyd Myers Municipal Court Judge
FINANCIAL SECTION
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1-11:.111
PATTILLO, BROWN &.' HILL, L.L.P
CERTIFIED PUBLIC ACCOUNTANTS ■ BUSINESS CONSULTANTS
INDEPENDENT AUDITORSREPORT
To the Honorable Mayor and Members
of the City Council
City of Pearland, Texas
We have audited the accompanying general purpose financial statements of the City of Pearland,
Texas, as of and for the year ended September 30, 2001, as hsted m the table of contents. These general
purpose financial statements are the responsibility of' the City's management. Our responsibility is to
express an opimon on these general purpose financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted m the United
States of America. Those standards require that we plan and perform theaudit to obtain reasonable
assurance about whether the general purpose financial statements are free of material misstatement An
audit includes examumng, on a test basis evidence supporting the amounts and disclosures in the general
purpose financial statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall general purpose financial
statement presentation. We believe that our audit provides a reasonable basis for our opmion.
In our opinion, the general purpose financial statements referred to above present fairly, in all
material respects, the financial position of the City of Pearland, Texas, as of September 30, 2001, and the
results of its ;operations and the cash flows of its proprietary fund type for the year then ended in
conformity with accounting principles generally accepted in the !Anted States of America.
Our audit was made for the purpose of' forming an opimon on the general purpose financial
statements taken as a whole. The combining and Individual fund and account group financial statements
and schedules listed m the table of contents are presented for purposes of additional analysis and are not a
required part of the City's general purpose financial statements. Such information has been subjected to
the auditing procedures apphed m the audit of the general purpose financial statements and, in our opinion,
is fairly presented in all material respects in relation to the general purpose financial statements taken as a
whole.
401 WEST HIGHWAY 6 ■ P.O. BOX 20725 ■ WACO, TX 76702-0725 ■ (254) 772-4901 • FAX: (254) 772-4920 • www.pbhcpa.com.
AFFILIATE OFFICES: BROWNSVILLE, TX (956) 544-7778 HILLSBORO, TX (254) 582-2583 ■ TEMPLE, TX (254) 791-3460
ALBUQUERQUE, NM (505) 266-5904 ■ RIO RANCHO, NM (505) 898-3516
=13
The Required Pension System supplementary mformation listed in the table of contents is not a
required part of the general purpose financial statements, but is supplementary information required by the
Government Accounting Standards Board. We have applied certain limited procedures, which consisted
pnncipally of inquiries of management regarding the methods of measurement and presentation of the
additional information. However, we did not audit the information and express no opinion on it.
fa, is %It, L.
January 9, 2002
GENERAL PURPOSE FINANCIAL STATEMENTS
CITY OF PEARLAND, TEXAS
COMBINED BALANCE SHEET - ALL FUND TYPES,
ACCOUNT GROUPS AND DISCRETELY PRESENTED COMPONENT UNIT
Assets and Other Debits
Assets
Cash and cash equivalents
Investments
Receivables:
Property taxes
Accounts Receivable
Less:Allowance for estimated uncollectibles
Taxes
Accrued interest
Due from other funds
Inventories
Restricted assets
Cash and cash equivalents
Deferred charges
Construction under progress
Fixed assets (net where applicable
of accumulated depreciation)
Other Debits
Amount available for debt service
Amount to be provided for retirement of
general long-term debt
Total Assets and Other Debits
Liabilities, Equity, and Other Credits
Liabilities
Accounts payable
Accrued liabilities
Due to other funds
Security deposits
Accrued compensated absences
Deferred revenue
Deferred issurance cost
Currentportion-revenue bonds
Certificates of obligation
Revenue bonds -less current portion
Obligations under capital leases
General obligation bonds
Total Liabilities
Equity and Other Credits
Contributed capital
Investment in general fixed assets
Retained earnings
Fund Balances:
Reserved for encumbrances
Reserved for inventories and prepaid items
Unreserved:
Designated for debt service
Designated for subsequent years' expenditures
Undesignated
Total Equity and Other Credits
Total Liabilities, Equity, and Other Credits
September 30, 2001
with comparative totals for September 30,2000
Governmental Fund Types
General
7,013,997
364,222
230,060
(65,590)
1,937,737
251,721
51,915
9,784,068
565,968
24,032
1,486,763
551,048
592,314
3,220,125
471,659
Rim 111
•
6,092,283
6,563,942
9,784,068
Special
Revenue
800,021
208,858
58,664
N.
1,067,544
1,066
192,163
13,631
206,860
114
860,684
Debt
Service
1,579,418
186,326
MI I
1,765,744
34,432
186,326
220,758
1,544,987
860,684 1,544,987
1,067,544
1,765,744
Capital
Projects
2,757,104
187,841
1,541,676
4,486,621
675,225
141,676
15,966
IOW
*01
832,867
961,855
2,691,899
3,653,754
4,486,621
Proprietary
Fund Type
Enterprise
Fund
25,017,902
1,313,490
(115,883)
41,649
31,549
444,949
657,777
11,423,287
24,323,738
63,138,458
320,991
132,292
63,008
623,913
231,192
•
52,002
645,000
32,495,000
34,563,398
22,233,110
6,341,950
28,575,060
63,138,458
See Notes to Financial Statements.
-16-
Account Groups
General General Long -
Fixed Assets Term Debt
54,639,165
54,639,165
54,639,165
54,639,165
54,639,165
1,544,987
28,308,383
29,853,370
1,488,646
15,680,000
74,724
12,610,000
29,853,370
29,853,370
Totals
Primary
Government
(Memorandum
Only)
37,168,443
550,548
1,940,250
(181,473)
1,937,737
41,649
1,883,610
51,915
444,949
657,777
11,423,287
478,962,903
1,544,987
28,308,383
164,734,970
1,597,681
156,324
1,883,610
623,913
2,270,886.
808,237
52,002
645,000
15,680,000
32,495,000
74,724
12,610,000
68,897,378
22,233,111
54,639,165
6,341,950
1,433,514
1,544,987
3,552,583
6,092,283
95,837,593
164,734,970
Discretely
Presented
Component
Units
4,064,935
479,643
271,274
55,403
4,668,528
9,539,783
8,544
9,996
271,274
18,528
4,650,000
4,958,342
55,403
4,526,038
4,581,441
9,539,783
Sept. 30,2001
Totals
(Memorandum Only)
Sept 30,2000
41,233,378
550,548
2,419,893
(181,473)
1,937,737
41,649
2,154,884
51,915
444,949
657,777
11,423,287
79,018,306
1,544,987
32,976,911
174,274,748
1,606,225
166,320
2,154,884
623,913
2,289,414
808,237
52,002
645,000
15,680,000
32,495,000
74,724
17,260,000
73,855,720
22,233,111
54,694,568
10,867,988
1,433,514
1,544,987
3,552,583
6,092,283
100,419,034
174,274,748
Exhibit 1
44,192,063
479,170
1,614,714
(147,611)
242,178
195,096
674,041
51,678
425,136
503,652
78,269,995
681,148
35,638,251
162,819,511
2,601,686
344,235
674,041
528,630
1,559,010
510,736
680,000
16,210,000
33,140,000
381,250
18,410,000
75,039,588
18,054,250
49,389,680
5,207,320
2,555,094
681,148
3,456,988
8,435,443
87,779,923
162,819,511
CITY OF PEARLAND, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES -
ALL GOVERNMENTAL FUND TYPES
Revenues
Property taxes and penalties
Other taxes
Licenses and permits
Fines and forfeitures
Franchise fees
Charges for services
Intergovemmentalrevenues
Other revenues
Total Revenues
Expenditures
Current:
General government
Public safety
Public works
Community services
Economic Development
Capital Outlay
Debt Service
Principal retirement
Interest and fiscal charges
Total Expenditures
Revenues Over (Under) Expenditures
Other Financing Sources (Uses)
Operating transfers in from enterprise funds
Operating transfers (out)
Operating transfers in from component unit (P.E.D.C.)
Operating transfers/transfer to enterprises fund
Proceeds from lease financing '
Grant
Total Other Financing Sources (Uses)
Revenues and Other Financing Sources
Over (Under) Expenditures and
Other Financing (Uses)
Fund Balances -Beginning
Prior Period Adjustment
Fund Balances - Ending
Year Ended September 30, 2001
with comparative totals for Year Ended September 30, 2000
Governmental
Fund Types
General
6,784,591
4,810,098
1,896,728
856,641
2,303,730
3,202,767
848,712
20,703,267
4,217,744
6,692,138
5,974,667
2,043,620
18,928,169
1,775,098
700,000
(2,427,285)
110,000
(1,617,285)
157,813
5,205,209
1,200,920
6,563,942
Special
Revenue
52,473
333,677
454,629
840,779
17,600
618,749
636,349
204,430
52,794
52,794
257,224
603,462
860,684
Debt
Service
4,048,701
90,820
4,139,521
1,680,000
1,595,682
3,275,682
863,839
863,839
681,148
1,544,987
Capital
Projects
567,146
567,146
4,516,726
4,516,726
(3,949,580)
2,246,491
212,768
30,000
2,489,259
(1,460,320)
5,114,075
3,653,754
Totals
(Memorandum Only)
Primary Government
10,833,292
4,862,571.
1,896,728
856,641
2,303,730
3,202,767
333,677
1,961,306
26,250,713
4,235,344
6,692,138
5,974,667
2,662,369
4,516,726
1,680,000
1,595,682
27,356,926.
(1,106,214)
700,000
(128,000)
322,768
894,768
(211,446)
1,603,894
1,200,920
11,392,448
Discretely
Presented
Component Units
2,397,275
407,317
2,804,592
,079,177
403,722
370,616
1,853,515
951,077
(322,76
(322,761)
628,309
3,524,782
372,948
4,526,038
Total Reporting Entity
(Memorandum Only)
2001
10,833,292
7,259,846
1,896,728.
856,641
2,303,730
3,202,767
333,677
2,368,623.
29,055,305
4,235,344
6,692,138
5,974,667
2,662,369
1,079,177
4,920,448
2,050,616
595,682
29,210,441
(155,137)
700,000
(128,000)
7
572,007
416,863
15,128,676
,573,868
15,918,486
Exhibit 2
2000
9,272,373.
5,587,378
1,469,799
731,959
2,022,789
3,061,545
318,631
2,684,796
25,149,270
3,971,691
5,952,191'
5,635,397
1,781,610
531,969
2,380,880
1,695,000
1,741,061
23,689,799
,459,471
1,575,967
(922,967)
223,880
876,880
2,336,351
2,792,321
5,128,672
CITY OF PEARLAND, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL -
GENERAL AND DEBT SERVICE FUNDS
Revenues
Property taxes and penalties
Other taxes
Licenses and permits
Fines and forfeitures
Franchise fees
Charges for services
Intergovernmental revenues
Other revenues
Total Revenues
Expenditures
Current:
General government
Public safety
Public works
Community services
Debt Service:
Principal retirement
Interest and fiscal agent fees
Total Expenditures
Other Financing Sources
Operating transfers in
Operating transfers (out)
Operating in from component unit (P.E.D.C.)
Total Other Financing Sources(Uses)
Revenues and Other Financing
Sources Over (Under)
Expenditures
Fund Balances - Beginning
Prior Period Adjustment
Fund Balances - Ending
See Notes to Financial Statements.
Year Ended September 30, 2001
General Fund
Budget
7,013,350
4,237,800
1,097,500
759,700
2,012,000
3,273,550
130,000
639,775
19,163,675
4,185,324
7,019,360
6,122,085
2,033,143
19,359,912
700,000
(974,491)
110,000
(164,491)
(360,728)
5,205,209
4,844,481
Actual
6,784,591
4,810,098
1,896,728
856,641
2,303,730
3,202,767
848,712
20,703,267
4,217,744
6,692,138
5,974,667
2,043,620
18,928,169
700,000
(2,427,285)
110,000
(1,617,285)
157,813
5,205,209
1,200,920
6,563,942
Variance
Favorable
(Unfavorable)
(228,759)
572,298
799,228
96,941
291,730
(70,783)
(130,000)
208,937
1,539,592
(32,420)
327,222
147,418
(10,477)
431,743
(1,452,794)
(1,452,794)
518,541
1,200,920
1,719,461
Exhibit 3
Debt Service Fund
Budget
4,153,856
40.
53,000
4,206,856
1,680,000
2,409,600
4,089,600
50,000
50,000
167,256
681,148
848,404
Actual
4,048,701
90,820
4,139,521
1,680,000
1,595,682
3,275,682
863,839
681,148
1,544,987
Variance
Favorable
(Unfavorable)
37,820
(67,335)
813,918
813,918
(50,000)
746,583
696,583
CITY OF PEARLAND, TEXAS
COMBINED STATEMENTS OF REVENUES, EXPENSES, AND
CHANGES IN RETAINED EARNINGS -
PROPRIETARY FUND TYPES (ENTERPRISE FUND)
Year Ended September 30, 2001
Operating Revenues
Water & sewer sales and services
Other revenue,
Total Operating Revenues
Operating Expenses
Production and wastewater
Distribution and collection
Accounting and collections
Other requirements
Construction
Total Operating Expenses
Operating Income Before Depreciation
Depreciation
Operating Income
Non -Operating Revenue
Earnings on investments
Interest and fiscal charges
Total Non -Operating Revenues (Expenses)
Operating Transfers In (Out)
Operating transfers in
Operating transfers (out)
Net transfer in (out)
Net Income
Retained Earnings - Regaining
Prior Period Adjustment
Retained Earnings - Ending
See Notes to Financial Statements.
Exhibit 4
Enterpnse
7,360,207
93,277
7,453,484
2,636,816
699,535
366,716
245,082
998,472
4,946,621
2,506,863.
1,080,173
1,426,690
1,273,735
(1,556,331)
(282,596)
400,774
(700,000)
(299,226)
844,869
5,207,320
289,759
6,341,950
CITY OF PEARLAND, TEXAS
COMBINED STATEMENTS OF CASH FLOWS
PROPRIETARY FUND TYPES (ENTERPRISE FUND)
Year Ended September 30, 2001
Cash Flows from Operating Activities
Operating income
Adjustments to reconcile operating income to
net cash provided by operating activities:
Depreciation expense
Changes in Assets and Liabilities:
(Increase) in accounts receivable
Increase (decrease) in due from other fund
Increase in customer deposits
Increase (decrease) in accounts payable
Increase (decrease) in accrued compensated absences
(Decrease) in accrued liabilities
Net Cash Provided by Operating Activities
Cash Flows from Noncapital Financing Activities
Operating transfers in
Operating transfers (out)
Cash Flows from Capital and Related Financing Activities
Contributed capital impact fees
Purchase of fixed assets
Revenue bond principal payments
Capital lease principal payments
Deferred issurance cost
Cash Flows from Investing Activities
Interest on investments
Interest payments on revenue bonds
Prior period adjustment
Net (decrease) in cash
Cash and Cash Equivalents - Beginning
Cash and Cash Equivalents - Ending
Cash
Restricted Cash
Cash and Cash Equivalents - Ending
See Notes to Financial Statements.
Exhibit 5
Enterprise
1,426,690
1,080,173
(111,059)
528,915
95,283
(1,238,258)
59,517
41,592
1,882,854
400,774
(700,000)
(299,226)
4,178,860
(7,946,883)
(585,000)
(102,123)
(4,455,146)
1,374,843
(1,556,331)
(181,488)
289,759
(2,763,247)
28,226,104
25,462,851
25,017,902
444,949
25,462,851
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of Pearland, Texas, wasincorporated in December 1959 and adopted the "Home Rule Charter"
February 6, 1971, pursuant to the laws of the State of Texas. The City operates under a "Council -Manager"
form of government and provides services authorized by its charter. Presently, these services include police
and fire protection, water and sewer services, drainage, sanitation, building and code inspection planning,
zoning, engineering, street repair and maintenance, park maintenance, recreational activities for citizens, and
general administrative services.
The financial statements of the City of Pearland have been prepared in conformity with generally accepted
accounting principles (GAAP) as applied to governmental units. The. Governmental Accounting Standards
Board (GASB) is the accepted standard -setting body for establishing governmental accounting and financial
reporting principles. The more significant of the City's accounting policies are described below:
A. Reporting Entity
The City is an independent political subdivision of the State of Texas, governed by an elected mayor and
five member council, and is considered a primary government. As required by generally accepted
accounting principles, these general purpose financial statements have been prepared based on
considerations regarding the potential for inclusion of other entities organizations, or functions as part
of the City's financial reporting entity. The Pearland Economic Development Corporation (PEDC.) has
been included in the City's financial reporting entity as a discretely presented component unit. The City
is considered a primary government for financial reporting purposes and its activities are not considered
a part of any other governmental or other type of reporting entity.
Considerations regarding the potential for inclusion of otherentities, organizations, or functions in the
City's financial reporting entity, are based on criteria prescribed by generally accepted accounting
principles. These same criteria are evaluated in considering whether the City is a part of any other
governmental or other type of reporting entity. The overriding elements associated with prescribed
criteria considered in determining that the City's financial reporting entity status is that of a primary
government are that it has a separately elected governing body; it is legally separate; and it is fiscally
independent of other state and local governments. Additional prescribed criteria under generally
accepted accounting principles include considerations pertaining to organizations for which the primary
government is financially accountable' and considerations pertaining to other organizations for which
the nature and significance of their relationship with the primary government are such that exclusion
would cause the reporting entity's financial statements to be misleading or incomplete.
As required by generally accepted accounting principles, the financial statements of the reporting entity
include those of the City of Pearland (the pnmary government) and its component units, entities for
which the City is considered to be financially accountable. Blended component units although legally
separate entities, are, in substance, part of the government's operations and so data for these units would
be combined with data of the City. The City has no blended component units. The City's discretely
presented component unit is reported in a separate column in the combined financial statements.
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
A. Reporting Entity (continued)
Discretely Presented Component Unit:
The component units in the combined financial statements include the financial data of the City's
component units. They are reported in a separate column to emphasize they are legally separate from
the City. The City Council appoints the board members for the Pearland Economic Development
Corporation. The City Council appoints several members to the Tax Increment Reinvestment Zones
with the remaining members being appointed in accordance with state law.
1. The Pearland Economic Development Corporation (PEDC) is responsible for economic
development with the City's jurisdiction. The PEDC is fiscally dependent upon the government
because, besides appointing the board, the City Council also must approve the PEDC's budget
and any debt issuances.
2. The two Tax -Increment Reinvestment Zone's (TIRZ #1 and TIRZ #2) provide tax assisted
property development and/or redevelopment in specific geographic areas in accordance; with
applicable state laws Besides appointing board members, the City Council must also approve
the TIRZ's budgets and any debt issuances.
The following page presents condensed financial statements for each of the ;three discretely presented
component units. Additional financial information may be obtained from their respective administrative
offices at the following address:
Pearland Economic Development Corporation
Or
Tax Increment Reinvestment Zones
3519 Liberty Drive
Pearland, Texas 77581-5416
25
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Condensed financial statements of each discretely presented component unit are as follows:
Assets:
Current Assets
Accouts Receivable
Due from other fund
Fixed assets
Amount to be provided for
retirement of long-term debt
Total Assets
Liabilities:
Current Liabilities
Due to other fund
General long-term debt
Total liabilities
Fund Equity:
Investment in fixed assets
Fund balance, unreserved
Total Equity
Total Liability and Equity
Revenues
Economjc
Development
Corpora tion
Tax Increment Tax Increment
Reinvestment Reinvestment
Zone #1 Zone #2
Condensed Balance Sheet
4,046,262
479,643
271,274
55,403
4,668,528
9,521,110
37,068
4,650,000
4,687,068
55,403
4,778,639
4,834,042
9,521,110
18,673
18,673
18,673
18,673
18,673
271,274
271,274
(271,274)
(271,274)
Condensed Statements of Revenues, Expenditures, and Changes in Equity
Expenditures
Current
Capital outlay
Debt service
Total expenses
Excess (Deficiency) of Revenues
Over(Under) Expenditures
Other Financing uses
Operating transfers out to
primary government
Excess of Revenues and Other
Sources Over Expenditures and Other uses
Fund Equity, Beginning of Year
2,563,091
537,625
403,722
370,616
1,311,963
1,251,128
(322,768)
928,360
3,477,332
175,137
225,000
225,000
(49,863)
(49,863)
68,536
66,364
316,552
316,552
(250,188)
(250,188)
(21,086)
Totals
4,064,935
479,643
271,274
55,403
4,668,528
9,539,783
37,068
271,274
4,650,000
4,958,342
55,403
4,526,038
4,581,441
9,539,783
2,804,592
1,079,177
403,722
370,616
1,853,515
951,077
(322,768)
628,309
3,524,782
Prior period adjustment
Fund Equity, End of Year
372,948
4,778,639
-26-
18,673
(271,274)
372,948
4,526,037
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
B. Fund Accounting
The City, uses funds and account groups to report on its financial position and the results of its
operations. Fund accounting is designed to demonstrate legal compliance and to aid financial
management by segregating transactions related to certain government functions or activities.
A fund is a separate accounting entity with a self -balancing set of accounts. An account group, on the
other hand, is a financial reporting device designed to provide accountability for certain assets and
liabilities that are not recorded in the funds because they, do not directly affect net expendable available
financial resources. The following is a description of the various funds and account groups:
Governmental Fund Types
General Fund
The General. Fund is used to account for all financial transactions not properly includable in other
funds. The principal sources of revenues of the General Fund are property taxes, sales and use
taxes, franchise fees, permit fees, and fines and forfeitures. Expenditures are for general
government, finance, public safety, public works, park maintenance and recreation, municipal, court
planning and zoning, and engineering.
Special Revenue Funds
The Special Revenue Funds are used to account for all financial transactions for the Regional
Detention, Hotel/Motel Tax, Police, Federal Police, Community Service Funds, and special grant
revenues where the funds are for specific uses.
Debt Service Fund
The Debt Service Fundis used to account for the payment of interest and principal on all general
obligation debts of the City. The primary source of revenue for debt service is local property taxes.
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
B Fund Accounting (continued)
Capital Projects Funds
The Capital Projects Funds are used to account for the proceeds from the sale of general obligation
bonds and certificates of obligation and expenditures of' these proceeds for the acquisition of fixed
assets as, designated in each bond issue.
Proprietary Fund Types
Enterprise Fund
The Enterprise Fund is used to account for those operations that are financed and operated in a
manner similar to private business or where the Council has decided that the determination of
revenues earned, costs incurred, and/or net income is necessary, for management accountability. The
Enterprise Fund is used to account for the City's water and sewer service operations.
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
Account Groups
General Fixed Assets Account Group
General fixed assets are not capitalized in the funds used to acquire or construct them. Instead,
capital acquisition and construction are reflected as expenditures in governmental funds, and the
related assets are reported in the general fixed asset account group. All purchased fixed assets are
valued at cost. Donated fixed assets are valued at their estimated fair market value on the date
received.
The costs of normal maintenance and repairs that do not add to the value of the asset, or materially
extend asset lives, are not capitalized. Improvements to fixed assets are capitalized. Assets in the
general fixed asset group are not depreciated Interest is not .capitalized on general fixed assets
acquired through the issuance of tax exempt debt. Public domain (infrastructure) general fixed
assets, consisting ofroads, bridges, curbs and gutters, streets, and drainage systems, are capitalized.
General Long -Term Debt Account Group
This account group is used to account for the City's long-term liabilities, which include general
obligation bonds, certificates of obligation and obligations under capital leases due at varying dates
through 2020, and the long-term liability for employees' accrued compensated absences.
C. Basis of Accounting
The accounting and financial reporting treatment applied to a fund is determined by its measurement
focus. All governmental funds are accounted for using a current financial resources measurement focus
As such, only current assets and current liabilities generally are included on the balance sheet.
Operating statements of these funds present increases (revenues and other financing resources) and
decreases (expenditures) in net current assets.
NOTE 1 -. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
C. Basis of Accounting (continued)
The proprietary fund type and component unit are accounted for on a flow of economic resources
measurement focus. With this measurement focus, all assets and all liabilities associated with the
operation of the funds are included on the balance sheet. Fund equity (net total assets) is segregated into
contributed capital, if applicable, and retained earnings components. Proprietary fund -type operating
statements present increases (revenues) and decreases (expenses) in net total assets.
The modified accrual basis of accounting is used by the governmental fund types. Under the modified
accrual basis of accounting, revenues are recognized when susceptible to accrual (when they become
both measurable and. available). "Measurable" means the amount of the transaction can be determined
and 'available' means collectible within the current period or soonenough thereafter to be used to pay
liabilities of the current period The City considers the majority of its major revenues as available when
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
collected. Expenditures are recorded when the related fund liability is incurred. Principal and interest
on general long-term debt are recorded as liabilities when due
Those revenues susceptible to accrual under the modified accrual basis are property taxes and other
taxes (primarily sales taxes), franchise fees, intergovernmental revenue, and interest revenue. Licenses
and permits and fines and forfeitures revenues are not susceptible to accrual because generally they are
not measurable until received in cash.
The City recognized deferred revenue on its balance sheet Deferred revenue arises when potential
revenue does not meet both the ,"measurable' and "available" criteria for recognition in the current
period.
The accounts of the proprietary fund type and component unit are maintained, and the financial
statements have been prepared, on the accrual basis of accounting. Under this basis, revenues are
recognized when they are earned and expenses are recognized when they are incurred. The proprietary
fund type and component unit follow ;generally accepted ` accounting principles prescribed by the
Governmental Accounting Standards Board (the GASB) and all Financial Accounting Standards Board's
standards issued prior to November 30 1989. Subsequent to this date, the City accounts for its
proprietary fund type and component unit as prescribed by the GASB
D. Budgets
Annual budgets are adopted for the General and Debt Service Funds The City does not legally adopt an
annual budget for the Special Revenue and Capital Project Funds. The City adopts project budgets for
the Capital Projects and Special Revenue Funds, which are revised annually.;
These budgets are created by ordinance and include all sources and uses of funds as approved by
Counc 1. All annual budgets are prepared on a basis consistent with generally accepted accounting
principles (GAAP). .
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
D. Budgets (continued) `
Encumbrance accounting is utilized in all governmental fund types. Encumbrances for materials, other
goods, and purchased services are documented by purchase orders or contracts. Encumbrances
outstanding at year-end do not constitute expenditures or liabilities The City generally honors these
commitments and it has been the City's practice to increase the subsequent year's appropriations to
complete these transactions. At year-end, the City reserved a portion of fund balance for outstanding
encumbrances of $254,410 in the General Fund and $2,123,466 in the Capital Projects Fund.
E. Cash and Temporary Investments
Cash and temporary investments consist of amounts in an interest bearing time deposit account, petty
cash funds, Texpool and Lone Star Investment Pool. Texpool and Lone Star Investment , Pool are
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
external investment pools established by interlocal contract under state law. Investmentsare stated at
fair value based on quoted market prices at September 30, 2001. The net increase or decrease in the fair
value of investments is recorded as investment earnings. Investments aregenerally held to maturity.
The City pools cash resources of its various funds to facilitate the management of cash. Cash applicable
to a particular fund is readily identifiable. The balance in the pooled cash accounts is available to meet
current operating requirements. Cash in excess of current requirements is invested in various interest -
bearing securities and disclosed as part of the City's. investments. The City pools excess cash of the
various individual funds to purchase investments. These pooled investments are reported in the
combined balance sheet as investments in each fund based on each fund's share of the pooled
investments. Interest income is allocated to each respective individual fund monthly based on its
respective share of pooled investments,
F. Receivables
All trade receivables are shown net of an allowance for uncollectibles.
Property taxes are recorded as revenue when levied for the current year and due, payable and collected
in the current year. Uncollected amounts at year end are reported as deferred revenue. Property taxes
collected within sixty days subsequent to September 30, 2001, were not considered, material.
G. Interfund Receivables and Payables
During the course of operations, transactions occur between individual funds for specified purposes.
These receivables and payables are classified as "due from other funds" or ' due to other funds' on
the combined balance sheet.
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
H. Use of Estimates
The preparation of financial statements, in conformity with generallyaccepted accounting principles,
requires management to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of revenues, expenditures, and expenses during the reporting period. Actual results
could differ from those estimates.
I. Use of Estimates
Inventory, which consists of gasoline and auto parts for use in the City s vehicles, is stated at cost (first -
in, first -out method). Expenditures are recognized as the fuel and auto parts are used.
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
J. Restricted Assets
Certain proceeds of Enterprise Fund revenue bonds, as well as certain resources set aside for their
repayment, are classified as restricted assets on the combined balance sheet becausetheir use is limited
by applicable bond covenants.
K. Compensated Absences
Compensated absences, which include unpaid vacation, sick, and other employee benefit amounts, are
accumulated during employment. Amounts accumulated are paid to employees upon separation from
City service Under. the modified accrual basis of accounting, such amounts are recorded in the General
Long -Term Debt Account Group net of amounts expected to be liquidated with expendable available
financ'al resources at the end of the fiscal year, which are recorded as expenditures of the General Fund.
Compensated absences are accrued when incurred in the proprietary funds and recorded as a fund
liability.
L. Fund Equity
Contributed .capital is recorded in Proprietary Funds that have received capital grants or contributions
fromdevelopers customers or other funds. Reserves represent those portions of fund equity not
available for expenditure or legally segregated for a specific future use. Designations of fund balance
represent tentative management plans that are subject to change.
M. Cash and Cash Equivalents
For the purpose of the Statement of Cash Flows, the Proprietary Fund Type and component unit
consider all investments with original maturities of three months or less from the date of acquisition to
be cash equivalents.
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
N. Total Columns on Combined Statements
Total columns on the combined statements are captioned (Memorandum Only) to indicate that they are
presented only to facilitate financial analysis. Data in these columns do not present financial position or
results of operations for the City as a whole in conformity with generally accepted accounting
principles.
NOTE 2 - BUDGETARY COMPLIANCE
The City Manager, on or before the tenth day of July of each year, shall submit to Council a proposed
budget The Council shall review the proposed budget and revise as deemed appropriate prior to
circulation for public hearing.
After the public hearing, the Council may adopt the budget with or without amendment. In amending
the budget, Council may add or increase programs or amounts and may delete or decrease any amount,
except expenditures required by law or for debt or for estimated cash deficits, provided no amendments
to the budget shall increase the authorized expenditures to an amount greater than the total of estimated
income plus funds available from prior years.
The Council shall adopt the budget by the 15th of September of each year. Adoption of the budget shall
constitute appropriation of the amounts specified therein as expenditures and shall constitute a levy of
the property tax therein proposed.
Every appropriation lapses at the close of the fiscal year to the extent it has not been expended. Any
encumbered appropriation lapses at year-end but is generally reappropriated as part of the subsequent
year's budget.. Expenditures may not legally exceed appropriations at the fund level. At any time during
the fiscal year the City Manager may request Council to transfer by ordinance any unencumbered
appropriation balance between funds.
No significant supplemental appropriations were necessary during the year.
NOTE 3.- DEPOSITS (CASH) AND INVESTMENTS
The City's cash and investments are classified ascash and cash equivalents, investments, and restricted
cash and investments. The cash and cash equivalents include cash on hand, deposits with financial
institutions, short term investments in external public funds investment pool accounts Texpool and Lone
Star and other investments which have maturities at purchase date of less than three months. The
restricted cash includes cash on deposit with financial institutions. For better management of cash, the
City pools the cash, based on the City's needs, into either deposits in the bank, in short term investments
with Texpool, and Lone Star orin longer -term investments in commercial paper or US Government
securities. However each fund's balance of cash and investments is maintained in the books of the City.
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 3 - DEPOSITS (CASK) AND INVESTMENTS (continued)
The Council has adopted a written investment policy regarding the investment of its funds as defined by
the Public Funds Investment Act (Chapter 2256 Texas Government Code). The investments of City
are m compliance with the Council's investment policies. It is the City's policy to restrict its investments
to direct obligations of the, U.S. Government, .commercial paper, fully collateralized certificates of
deposit and other interest-beanng time and demand deposits, and other instruments and investments in
public funds investment pools such as the Texas Local Government Investment Pool (Texpool), and
Lone Star special purpose trust companies authorized by the Texas Legislature in 1986. State law
provides that collateral pledged as security for bank deposits must have a market value of not less than
the uninsured amount of the deposits and must consist of (1) obligations of the United States of its
agencies and instrumentalities (2) 'direct obligations of the State of Texas or its agencies (3) other
obligations, the principal and interest on which are unconditionally guaranteed or insured by the State of
Texas; and/or (4) obligations of states, agencies, .counties, cities and. other political subdivisions of any
state having been rated as to investment quality by a nationally recognized .investment rating firm and
having received a rating of not less than A or its equivalent.
Cash and Cash equivalents
At year-end, the City had cash on hand bank deposits, deposits with Texpool ($24,166,199) and Lone
Star ($468) as follows:
Cash - Note 3
Cash
On Hand
General 1,375
Special Revenue
Debt Service
Capital Projects
Enterprise
P.E.D.C.
Bank
Deposits<
693,725
•
785,021
84,577
1,611,913
800 .•3,217,885
623,324
2,175 $ 7,016,445
Cash
Equivalent
Investments
6,318,897
15,000
1,494,841
1,145,191
22,244,176
3,441,611.
$ , 34,659,716
Total
7,013,997
800,021
1,579,41.8
2,757,104
25,462,85,1
4,064,935
$ 41,678,325
Credit Risk Categorization for Deposits
It is the City's policy for deposits to be 100% securedby collateral valued at market or par, whichever is
lower, less the amount of the Federal Deposit Insurance Corporation insurance. The City's pooled and
non -pooled deposits are categorized to give an indication of the level of risk assumed by the City at
September 30, 2001. The categories are described as follows*
-33-
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 3 - DEPOSITS (CASH) AND INVESTMENTS (continued)
Credit Risk Categorization for Deposits (continued)
Category 1- Deposits which are insured or collateralized with securities held by the City or by
its agent in the City's name.
Category 2- Deposits which are collateralized with securities held by the pledging financial
institution's trust department or agent in the City's name.
Category 3- Deposits which are not collateralized or collateralized with securities held by the
pledging financial institution or by its trust depai tinent or agent but not in the City's
name.
The City's deposits in banks of $6,827 728 at year-end were entirely covered by federal depository
insurance or by acceptable collateral held by the City's agent in the City's name.
The deposits in Texpool and Lone Star are not evidenced by securities that exist in physical or book
entry form and, accordingly, are not categorized by risk. However, the nature of these funds requires
that they be used to purchase investments authorized by the Public Funds Act. The primary objective of
these investment pools is to provide a safe environment for the placement of public funds in short-term
fully collateralized investments.
The State Comptroller of Public Accounts exercises oversight responsibility over Texpool, the Texas
Local Government Investment Pool. Oversight includes the ability to significantly influence operations,
designation of management and accountability for fiscal matters. Additionally the State Comptroller
has established an advisory board composed of both participants in Texpool and other persons who do
not have a business relationship with Texpool The Advisory Board members review the investment
policy and management fee structure Finally, Texpool is rated AAAm by Standard & Pools, as well as
the office of the Comptroller of Public Accounts for review.
Texpool and Lone Star operate in a manner consistent with the SEC s Rule 2a7 of the. Investment
Company Act of 1940. The pools amortized cost rather than market value to report net assets to
compute share prices. Accordingly the fair value of the position in Texpool is the same as the value of
Texpool shares
Fair value of investments are based on quoted market prices in accordance with GASB Statement No.
31, Accounting and Financial Reporting for Certain Investments and for External Investment Pools.
The amount of increase or decrease in the fair value of investments during the year ended September 30,
2001 was not significant.
NOTE 4 - PROPERTY TAXES
Property taxes for each year are required to be levied by September 15 and are due upon receipt of the City's
tax bill and become delinquent on February 1 of the following year. On January 1 of each year, a tax lien is
attached to the property to secure the payment of all taxes, penalties, and interest. The lien exists in the favor
of the State and each taxing unit. Appraised values are established by the Central Appraisal District (CAD)
of Brazoria County, Texas, through procedures established by the Texas Legislature. The Pearland
Independent School District bills and collects the City s property taxes.
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 4 - PROPERTY TAXES (continued)
The procedure for collection of delinquent taxes is to send out delinquent notices and a letter and then
refer the delinquent accounts to the Tax Attorney for legal action. The Home Rule Charter requires the
foreclosure proceedings no later than two years after taxes first become delinquent.
A penalty of 7% is added to delinquent taxes on February 1 and increases 2% each month through
September. An additional penalty of 15%. is added in July for attorney costs. There are no discounts
allowed in taxes.
The City is permitted, by Article XI, Section 5, of the State of Texas Constitution and the City Charter,
to levy property taxes up to $2.50 per $100 of assessed valuation for general governmental services.
Within the $2.50 maximum levy, there is no legal limit upon, the amount of property taxes, which can be
levied for debt service. The property tax rates to finance general governmental services and debt service
for the 2000-2001 tax year were $.43500 and $.26000, respectively, per $100 of assessed valuation. The
2000 assessed value and total tax levy as adjusted through September 30, 2001, were $1,524,504,879
and $1,320,032,285, respectively.
The following is an analysis of the September 30, 2001, delinquent tax balances m the General and Debt
Service Funds, by year of levy.
Year of Levy
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990 and prior
General
Fund
75,429
71,794
31,569
6,248
9,665
9,691
2,389
9,107
2,901
3,454
21,975
$364,222
Debt Service
Fund
78,967
40,139
17,650
9,084
5,404
5,418
7,376
5,422
1,727
2,056
13,083
$186,326
Total
254,396
111,933
49,219
25,332
15,069
1.5,110
19,765
:14,528
5,510
35,058•
$550,458
The City has enacted an ordinance providing for the exemption of $25,000 of the assessed value of
residential homesteads of persons 65 years of age or older from property taxes. This is provided by
Section 1-b(a) of Article 8 of the Constitution of Texas. Additionally, the market value of agricultural
land is reduced to agricultural value for purposes of the City's tax levy calculation.
-35-
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 4 - PROPERTY TAXES (continued)
The 2000 assessed values, reduced by exempt property, exemptions, and reduction in market value of
agricultural land, were as follows:
Assessed valuation:
Real property
Personal property
Total Asessed valuation
Exempt property
Other Exemptions:
Over 65 homestead
Disabled veterans
Freeport
House Bill 366
Abatement
Pollution
Prorated Exempt Property
Homestead Cap Adjustment
Agricultural use and historical exemptions
Net assessed valuations
1,615,785,700
181,888,920
1,797,674,620
126,057,730
41,735,614
1,461,190
7,293,440
5,060
4,537,540
45,510
313,593
18,026,110
34,495,740
107,913,797
$ 1,563,703,093
NOTE 5 - CHANGES IN FIXED ASSETS
The following is a summary of changes in general fixed assets for the year ended September 30, 2001:
Land
Buildings
Construction in progress
Improvements other than buildings
Machinery and equipment
Totals
Balance
Oct 1, 2000 Additions
1,513,277
9,888,234
2,339,349
25,417,328
10,176,089
49,334,277
93,809
9,803,510
205,969
1,382,913
Balance
Deletions Sept. 30, 2001
(6,181,313)
11,486,201 (6,181,313)
1,607,086
9,888,234
5,961,546
25,623,297
11,559,002
54,639,165
NOTE 5
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
CHANGES IN FIXED ASSETS (continued)
The following is a summary of changes, in the Enterprise Fund fixed assets for the year ended September 30,
2001:
Land
Equipment
Buildings and Improvements
Construction in Progress
Less allowance for
depreciation
Totals.
Balance
Oct. 1, 2000
189,071
2,324,538
28,429,956
8,144,921
39,088,486
(10,208,171)
28,880 315.
Additions
262,411
4,406,107
6,676,394
11,344,912
Deletions
(3,398,028) •
(3,398,028).'
(1,080,173) -
10,264 739
(3,398,028)
Balance
Sept. 30, 2001
189,071
2,586,949
32,836,063
11,423,287
47,035,370
(11,288,344)
35,747,026
Depreciation on Enterprise Fund fixed assets is recorded using the straight-line method over the following
estimated useful lives of the assets:
Description
Equipment
Buildings and infrastructure
Estimated Useful Lives
5to10years
3 to 50 years
NOTE 6 LONG-TERM DEBT
A. General Lon:; -Term Debt
The following is a summary of general long-term debt transactions for the year ended September 30, 2001:
Certificates of Obligation
General Obligation Bonds
Capital Leases
Compensated Absences
Balance
October 1,
2000
Additions
16,210,000
13,760,000
74,724
1,215,529
31,260,253
273,117
Retirements
(530,000)
(1,150,000)
273,117 (1,680,000)
Balance
September 30,
2001
15,680,000
12,610,000
74,724
1,488,646
29,853,370
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 6 - LONG-TERM DEBT (continued)
A. General Long -Term Debt (continued)
Certificates of Obligation and General Obligation Bonds
Certificates of obligation and general obligation bonds at September
following individual issues
Interest
Issue Rates
$2,125,000 Tax
and Revenue 6.30% to
Bonds, Series 1991 7.80%
$5,000,000 Public
Works 5.00% to
Series 1995 7.00%
$6,250,000 Tax
and Revenue
Series 1997
$5,500,000 Tax
and Revenue
Series 1997 A
10,830,000
Refunding Bonds
Series 2000
$2,000,000 Street
Improvement Bonds
Series 1992
$6,510,000
Refunding Bonds
Series 1993
5.25% to
7.25%
5.20% to
7.20%
7.I0%to
7.35%
6.00% to
8.00%
265%to
4.63%
Net Effective
Interest Rate
6.335%
Principal
Payment
Date/
Maturity
March 1/
2006
March 1/
2014
March 1/
2016
March 1/
2018
March 1/
4.6480% 2009
4.7613%
4.3623%
March 1/
2009
March 1/
2003
Total General Obligation Bonds
30, 2001, are comprised of the
Interest
Payment
Dates
March] /
September 1
March 1/
September)
March 1/
Septemberl
March I /
September]
March 1/
Septemberl
March I/
Septemberl
March 1/
September
Debt
Outstanding
170,000
4,260,000
5,950,000
5,300,000
10,830,000
255,000
1,525,000
28,290,000
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 6 - LONG-TERM DEBT (continued)
The annual requirements to amortize all certificates of obligation and general obligation bonds outstanding
as of September 30, 2001 are as. follows:
Year Ending
Sept. 30, 2001
2002
2003
2004
2005
2006-2016
Total
3,030,946
3,008,517
3,003,738
3,206,766
27,578,808
39,828,775
Interest
1,450,946
1,363,517.
1,273,738
1,176,766
6,273,808
11,538,775
Principal
1,580,000
1,645,000
1,730,000
2,030,000
21,305,000
28,290,000
There is $1,544,987 available in the Debt Service Fund to service the above obligations and the City's
obligations under capital leases.
Obligations Under Capital Leases
Capital leases bear interest rates ranging from 4.38% to 5.85% and mature in 2002. Requirements to satisfy
these obligations follow:
Year Ending
September 30, 2001
2002
Total
76,360
Interest
1,636
Principal
74,724
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 6 - LONG-TERM DEBT (continued)
Compensated Absences
Employees earn vacation leave at the rate of fifteen days peryear from one to fifteen years, twenty days per
year for service of sixteento nineteen years, and twenty-five days per year for service of twenty years or
more. Employees are required to take their earned vacation. Employees who are unable to use their
vacation, for various reasons, may, with the City Manager's approval carry over fifty percent of the unused
portion of the vacation, or, receive compensation for a maximum of forty hours.
City employees receive eleven paid holidays per year. Employees may be paid or may elect to receive
compensatory time off for the holiday. Overtime is earned at one and one-half times the regular rate of pay.
Employees may be paid or receive compensatory time. The maximum accrual for overtime is 160 hours,
except for employees involved in public safety who can accrue up to 320 hours.
The liability for compensated absences at September 30, 2001, is comprised of the following components:
Vacation
Sick
Compensatory Time
Beginning Addition
Balance
Retirement
139,827
911,501
164,201
1,215,529
B. Enterprise Fund Debt
29,804
181,543
61,770
Ending
Balance
169,631
1,093,044
225,971
273,117 1,488,646
The following is a summary of Enterprise Fund long-term debt transactions of the City for the year ended
September 30, 2001:
Certificates of Obligations
Water & Wastewater
Revenue Bonds
Capital Leases
Total
Balance
October 1,
2000
17,050,000
16,675,000
59,002
33,784,002
Additions
Retirement
(50,000)
(535,000)
(59,002)
(644,002)
Balance
September 30,.
2001
17,000,000
16,140,000
33,140,000
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 6 - LONG-TERM DEBT (continued)
B. Enterprise Fund Debt (continued)
Revenue Bonds and Certificates of Obligation
A summary of the terms of revenue and certificates of obligation bonds recorded in the Enterprise Fund as
of September 30, 2001, is a follows:
Interest
$1,115,000
Water & Sewer
Revenue Bonds'
Series 1996 A
$8,870,000
Water & Sewer
Revenue Bonds
Series 1996 B
$8,000,000
Water & Sewer
Revenue Bonds
Series 1999
$17,100,000
Certificates of
Obligation
Series 1998
Rates
4.5%to
5.20%
2.9 % to
5.20%
4.90%
Subtotal Wate
2.6% to
3.8%
Principal
Payment Interest
Date/ Payment
Maturity Dates
Sept. 1/ March 1/
2002 September.1
Sept. 1/
March 1/
2016 September 1
Sept. 1/
March 1/
2020 September 1
& Sewer Revenue Bonds
March 1/ March 1/
2018 September 1
Subtotal Water & Sewer Certificates of Obligation
TOTAL
Debt
Outstanding
200,000
8,090,000
7,850,000
16,140,000
17,000,000
17,000,000
33,140,000
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 6 - LONG-TERM DEBT (continued)
B. Enterprise Fund Debt (continued)
Revenue Bonds and Certificates of Obligation (continued)
The annual requirements to amortize all revenue and certificates of obligation bonds outstanding as of
September 30, 2001, are as follows:
Year Ending
Sept. 30, 2001
2002
2003
2004
2005
2006
2007-2020
C. Component Unit Debt
Total
1,999,323
2,000,770
2,013,573
2,748,336
2,749,531
37,106,257
48,617,790
Interest
1,354,323
1,325,770
1,298,573
1,258,336
1,204,531
9,036,257
15,477,790
Principal
645,000
675,000
715,000
1,490,000
1,545,000
28,070,000
33,140,000
The following is a summary of Component Unit long-term debt transactions for the year ended
September 30, 2001.
Balance
October 1,
2,000
Sales Tax Revenue 4,745,000
Total
Additions
Retirements
(95,000)
Balance
September 30,
2001
4,650,000
4,745,000
4,650,000
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 6 - LONG-TERM DEBT (continued)
C. Component Unit Debt (continued)
The terms of Sales Tax Revenue Bonds recorded in the Economic Development Corporation Fund, as of
September 30 2001, are as follows:
Sales Tax Revenue Bonds
Sales Tax.
Revenue
Bonds
Series 1997
Total
Interest
ssue Rates
5 2% to.
7%
Principle.
Payment
Date/
Maturity
Sept
2016
Interest
Payment
Dates
March 1/'
September 1
Debt
Outstanding
4,65.0,000
4,650,000
Annual requirements to amortize all Sales Tax Revenue Bonds outstanding as of September 30, 2001, o
as follows:
Year Ending
Sept. 30, 2001
2002.
2003.
2004
2005
2006-2016
Total
367,570
445,370
447,050
442,650
5,386,630
7,089,270
Interest
267,570
260,370
247,050
232,650
1,431,630
2,439,270
Principal
100,000
185,000
200,000
210,000
3,955,000
4,650,000
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 6 - LONG-TERM DEBT (continued)
D. Annual Debt Service Requirements
The annual requirements to amortize all long-term debt outstanding at September 30, 200.1, including
interest payments and excluding compensated absences, are as follows:
Year Ending
September 30
2002
2003
2004
2005
2006-2020
Less interest
General
Long -Term
Debt
3,030,946
3,008,517
3,003,738
3,206,766
27,578,808
39,828,775
Enterprise
Fund
Debt
1,999,323
2,000,770
2,013,573
2,748,336
39,855,788
48,617,790
(11,538,775) (15,477,790)
$ 28,290,000 $33,140,000
Total
Primary
Government
5,030,269
5,009,287
5,017,311
5,955,102
67,434,596
88,446,565
(27,016,565)
$ 61,430,000
Component
Unit Fund
Debt
367,570
445,370
447,050
442,650
5,386,630
7,089,270
(2,439,270)
$ 4,650,000
Total
5,397,839
5,454,657
5,464,361
6,397,752
72,821,226
95,535,835
(29,455,835)
$ 66,080,000
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 7 — OPERATING TRANSFERS BETWEEN FUNDS
For the year ended September 30, 2001, operating transfers between funds consisted of the following:
Fund
General Fund
Special Revenue
Capital Projects
Enterprise Fund
General Fund
Enterprise Fund
Component Unit (P.E.D.C.)
Transfers in (out) from
Enterprise fund
Component Unit PEDC
Subtotal
General Fund
General
Component Unit PEDC
Subtotal
General
TIRZ # 1
TIRZ #2
Subtotal
(Capital Projects)
(Enterprise fund)
(Special Revenue Services)
Subtotal
(General Fund)
(General Fund)
(Capital Projects)
(Enterprise funds)
(Capital Projects)
Subtotal
Transfers in
700,000
110,000
810,000
52,794
2,246,491
212,768
2,459,259
128,000
194,674
78,100
400,774
Transfers out
(2,246,491)
(128,000)
(52,794)
(2,427,285)
(700,000)
(110,000)
(212,768)
(194,674)
(78,100)
(595,542)
Totals
3,722,827
(3,722,827)
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 8 - FUND EQUITY
The City's Capital Project Fund equity at September 30, 2001, has been designated for subsequent years'
expenditures. Tentative plans for the expenditure of these resources are as follows:
Drainage improvements
Transportation improvements
NOTE 9 — CONTRIBUTED CAPITAL
A summary of changes in contributed capital is as follows:
Beginning Balance
Impact Fees
Ending Balance
NOTE 10 PENSION PLAN
Plan Description
978,573
2,675,180
3,653,753
Enterprise Fund
18,054,250
4,178,860
22,233,110
The City provides pension benefits for all of its full-time employees through a nontraditional, joint
contributory, hybrid, defined benefit plan in the state-wide Texas Municipal Retirement System (TMRS)
one of 745 administered by TMRS, an agent multiple -employer public employee retirement system.
Benefits depend upon the sum of the employee's contributions to the plan, with interest, and the City -
financed monetary credits, with interest. At the date the plan began, the City granted monetary credits for
service rendered before the plan began of a theoretical amount equal to two times what would have been
contributed by the employee, with interest, prior to establishment of the plan. Monetary credits for service
since the plan began are a percent (100%, 150%, or 200%) of the employee's accumulated contributions. In
addition, the City can grant, as often as annually, another type of monetary credit referred to as an updated
service credit which is a theoretical amount which, when added to the employee's accumulated contributions
and the monetary credits for service since the plan began, would be the total monetary credits and employee
contributions, accumulated with interest, if the current employee contribution rate and City matching percent
had always been in existence; and if the employee's salary had always been the average of his salary in the
last three years that are one year before the effective date. At retirement, the benefit is calculated as if the
sum of the employee's accumulated contributions, with interest, and the employer -financed monetary
credits with interest, were used to purchase an annuity.
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 10- PENSION PLAN (continued)
Plan Description (continued)
Members can retire at age 60 and above with 10 or more years of service or with 20 years of service
regardless of age. A member is vested after 10 years. The plan provisions are adopted by the governing
body of the City, within the options available in the state statutes governing TMRS and within the actuarial
constraints also in the statutes.
Contributions
The contribution rate for the employees is 7% and the City matching ratio is currently 2 to 1, both as
adopted by the governing body of the City. Under the state law governing TMRS, the actuary annually
determines the City contribution rate. This rate consists of the normal cost contribution rate and the prior
service contribution rate both of which are calculated to be a level percent of payroll from year to year. The
normal cost contribution rate finances the currently accruing monetary credits due to the City matching
percent, which are the obligation of the City as of an employee's retirement date not at the time the
employee's contributions are made. The normal cost contribution rate is the actuarially determined percent
of payroll necessary to satisfy the obligation of the City to each employee at the time his/her retirement -'
becomes effective. The prior service contribution rate amortizes the unfunded (overfunded) actuarial
liability (asset) over the remainder of the plan s 25-year amortization period. When the City periodically
adopts updated service credits and increases its annuities in effect, the increased unfunded actuarial liability
is to be amorttzed.over a new.25-year period. The unit credit actuarial cost method is used for determining
the City contribution rate. Both the employees and the City make contributions monthly Since the City
needs to know its contribution rate in advance to budget for it, there is a one-year delay between the
actuarial valuation that is the basis for the rate and the calendar year when the rate goes into effect. (i e.
December 31, 2000 valuation is effective for rates beginning January 2000).
Because the actuary determines contribution. rates on an annualbasis and the -City pays the calculated rate
each month, the City will always have a net pension obligation (NPO) of zero' at the, beginning and end of
the period and the annually required contributions (ARC) will always equal contributions made. Trend
information regarding ARC and NPO is shown below
2001
2000 1999
Net Pension Obligation (NPO) at the
beginning of the period
Annual Pension Costs
Annual Required Contribution
(ARC) 857,939
Contributions Made (857,939)
736,702
(736,702)•
629,516
(629,516)
NPO at the End of the Period
% Annual Pension Cost Contributed 100% 100% 100%
47
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 10- PENSION PLAN (continued)
Contributions (continued)
A schedule of funding progress for TMRS for the three most recent actuarial valuations may be found in the
required supplementary information section of the City's Comprehensive Annual Financial Report.
Information as to the latest actuarial valuation follows:
Valuation Date 12/31/2000
Actuarial Cost Method Unit Credit
Amortization Method Level Percent of Payroll
Remaining
Amortization Period 25 Years
Asset Valuation
Method Amortized Cost
Amortization Period
Actuarial Assumptions
Open
Investment Rate of Return 8%
Projected Salary Increases None
Includes Inflation At None
Cost -of -living Adjustments None
The City is one of 745 municipalities having its benefit plan administered by TMRS. Each of the 745
municipalities has an annual individual actuarial valuation performed. All assumptions for the December
31, 2000, valuations are contained in the 2000 TMRS Comprehensive Annual Financial Report, a copy of
which maybe obtained by writing to P O. Box 149153, Austin, Texas 78714-9153.
NOTE 11 RISK MANAGEMENT
The City is exposed to various risks of loss related to torts: theft of, damage to, and destruction of assets;
errors and omissions* injuries to employees; and natural disasters. The City's risk management program
mainly encompasses obtaining property and liability insurance through Texas Municipal League (TML-
IRP), an Intergovernmental Risk -Pool and through commercial insurance carriers. The City purchases
commercial general insurance through the Texas Municipal League, an unincorporated association of
political subdivisions of the State of Texas. This policy encompasses general liability, incidental, medical
malpractice, automobile liability, law enforcement liability, errors and omissions liability, property,
p ty,
automobile vehicle liability, and damages with limits of liability for each occurrence. The City has not had
any significant reduction in insurance. coverage, and the amounts of insurance settlements have not exceeded
insurance coverage for any of the last three years. The participation of the City in the TML-IRP is limited to
payment of premiums. At year-end, the City did not have any significant claims pending.
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 11 - RISK MANAGEMENT (continued)
Workers' Compensation
The City is a member of the Texas Municipal League (TML) Workers' Compensation Intergovernmental
Risk Pool, an unincorporated association of political subdivis'ons of the State of Texas. The fund contracts
with a third party administrator for administration, investigation, and adjustment services in the handling of
claims. Premiums are based on the estimated City payroll by risk factor and rates. The premiums are
adjusted by the City's experience modifier All loss contingencies, including claims incurred but not
reported, if any, are recorded and accounted for by the TML Pool. The City's liability is limited to the
payment of premiums as assessed by TML.
NOTE 12 FEDERAL TAX COMPLIANCE (ARBITRAGE) FOR LONG-TERM DEBT
In accordance with provisions of Section 148 of the Internal Revenue Code of 1986, as amended, (the
`Code") the City s long-term debt obligations must meet certain minimum criteria to be considered and
continue to be considered "tax exempt". This "tax exempt" status means thatinterest income earned by
purchasers of the City's long-term debt instruments is not subject to federal income taxes. Related Treasury
Regulations promulgated under section 148 of the Code generally provide that the determination of whether
these obligations are tax exempt is made as of the date such obligations are issued based on a reasonable
expectations regarding the use of the proceeds of the bonds issued. Long-term debt that does not meet and
continue to meet the minimum criteria of Section 148 of the Code and the related Treasury Regulations
described aboveare considered "arbitrage bonds" and are not considered "tax exempt ' as described above.
Rebate
Obligations will become arbitrage bonds (as described above) if certain arbitrage profits are, not paid to the
federal government as rebate under section 148(f) of the Code. The City's obligations to calculate and make
rebate payments (if any) will continue as long as there are gross proceeds allocable to outstanding debt
issues. The City has performed calculations required under section 148(f) of the Code and has no present
liability nor has the City ever been required to make rebate payments for issued debt in past years.
Unexpended Debt Issuance Proceeds (Yield Restriction Requirements)
Section 148 of the Code also provides that in order for debt not to be considered arbitrage bonds (as
described above) proceeds of such debt must be invested at a yield that is not materially higher than the
yield on the debt issued starting on the third anniversary of the issue date of such debt. Accordingly, any
unexpended proceeds of debt issued by the City that remain unexpended more than three years after such
debt was , issued should be yield restricted. ; The yield restriction may be accomplished by making yield
reduction payments pursuant to Treas. Reg. Section 1 148-5(c). The City is currently pursuing compliance
with these yield restriction requirements and does not anticipate associated significant noncompliance
issues. The City is continuing to proceed with reasonable diligence to expend any remaining unexpended
debt issuance proceeds on qualifying projects.
NOTE 13 - SUBSEQUENT EVENT
On November 26, 2001, the city received a FEMA Grant in the amount of $3,756,862 to repurchase homes
that are in the flood plan.
4.49-
CITY OF PEARLAND, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 2001
NOTE 14 — PRIOR PERIOD ADJUSTMENTS
The following fund balances from FY2000 were adjusted for sales tax receivables and bond amortization
costs as follows:
General Fund $1,200,920
PEDC Fund 372,949
Debt Service Fund 41,376
NOTE 15 — FUND DEFICIT
The fund balance in TIRZ #2 fund is a negative $271,274, also the Capital Projects Fund has a negative
balance of $70,838. These deficits will be funded by future revenues.
REQUIRED SUPPLEMENTARY INFORMATION
CITY OF PEARLAND, TEXAS
REQUIRED SUPPLEMENTARY INFORMATION
September 30, 2001
PENSION DATA - TEXAS MUNICIPAL RETIREMENT SYSTEM
The City's annual covered payroll and annual pension cost are actuarially valued on a calendar year basis.
Because the City makes all of the annually required contributions, no net pension obligation exists. The
information presented below was determined as part of the actuarial valuation, as of December 31, for each
period presented.
Schedule of Funding Progress
Actuarial
Actuarial
Actuarial
Annual
Percentage
Of
Covered
Valuation
Value.
Plan
Accrued
Percentage
Unfunded
Covered
Date
Assets
Liability
Funded
AAL
Payroll
Payroll
1
12/31/97
8,759,905
11,129,222
78.7%
2,369,317
6,820,450
34.7%
12/31/98
9,615,238
12,280,029
78.3%
2,664,791
6,787,171
39.3%
12/31/99
10,976,420
14,117,504
77.8%
3,141,084
7,189,179
43.7%
12/31/00
11,842,529
14,951,928
79.2%
3,109,399
8,005,001
38.8%
COMBINING AND INDIVIDUAL FUND AND ACCOUNT GROUP
FINANCIAL STATEMENTS AND SCHEDULES
(this page intentionally left blank)
GOVERNMENTAL FUND TYPES
(this page intentionally left blank)
GENERAL FUND
The General Fund is used to account for all financial transactions not
properly includable in other funds.
CITY OF PEARLAND, TEXAS
GENERAL FUND
COMPARATIVE BALANCE SHEET
September 30, 2001 and 2000
Assets
Current Assets
Cash and cash equivalents
Receivables:
Property taxes
Sales taxes, Franchise taxes, Garbage
Accounts Receivable
Less: Allowance for estimated uncollectibles
Accrued mterest
Due from other funds
Inventories
Total Assets
Liabilities and Fund Balance
Liabilities
Accounts payable
Accrued liabilities
Due to other funds
Accrued Compensated Absences
Deferred revenue
Total Liabilities
Fund Balance
Reserved for encumbrances
Unreserved:
Undesignated
Total Fund Balance
Total Liabilities and Fund Balance
2001
7,013,997
364,222
1,937,737
230,060
(65,590)
251,721
51,915
$ 9,784,068
565,968
24,032
1,486,763
551,048
592,314
3,220,125
471,659
6,092,283
6,563,942
$ 9,784,068.
Exhibit A-1
2000
6,503,460
292,363
443,563
(63,008)
31,943
63,008
51,678
7,323,007
797,699
253,535
610,015
164,186
292,363
2,117,798
294,544
4,910,665
5,205,209
$ 7,323,007
CITY OF PEARLAND, TEXAS
GENERAL FUND
STATEMENT OF REVENUES EXPENDITURES, AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
Year Ended September 30, 2001
with comparative actual amounts for the Year Ended September 30, 2000
Revenues
Property taxes and penalties
Other taxes
Licenses and permits
Fines and forfeitures
Franchise fees
Charges for services
Intergovernmental revenues
Other revenues
Total Revenues
Expenditures
Current:
General government
Public safety
Public works
Community services
Total Expenditures
Revenues Over (Under)
Expenditures
Other Financing Sources (Uses)
Transfer in from Water & Sewer
Transfer in from P.E.D.C.
Transfer (out) to Capital Projects
Transfer (out) to Water & Sewer
Transfer (out) to Grant
Total Other Financing Sources (Uses)
Revenues and Other
Financing Sources Over
(Under) Expenditures
Fund Balance - Beginning
Pnor Period Adjustment
Fund Balance - Ending
2001,
Budget
2001
Actual
Variance
Favorable
(Unfavorable)
Exhibit A-2
2000
Actual
7,013,350
4,237,800
1,097,500
759,700
Z012,000
3,273,550
130,000
639,775
19,163,675
6,784,591
4,810,098.
1,896,728
856,641
2,303,73.0
3,202,767
848,712
20,703,267
(228,759)
572,298
799,228
96,941
291,730
(70,783)
(130,000)
208,937
1,539,592
5,876,495.
3,697,523
1,469,799
731,959
2,022,789
3,061,545
15,000
827,950
17,703,060
4,185,324
7,019,360
6,122,085
2,033,143
19,359,912
4,217,744',:
6,692,138
5,974,667
2,043,620
18,928,169
(32,420)
327,222
147,418.
(10,477)
431,743
3,580,693.
5,944,516
5,635,397
1,762,770
16,923,376
(196,237)
700,000
110,000
(846,491)
(128,000)
1,775,098
700,000
110,000
(2,246,491)
(128,000)
(52,794)
1,971,335
(1,400,000)
(52,794)
779,684
781,000
110,000
(794,967)
(128,000)
(
64,491)
(1,617,285)
(1,452,794)
(31,967)
(360,728)
5,205,209
157,813
518,541
747,717
5,205,209
1,200,920
,200,920
4,457,492
4,844,481
6,563,942
1,719,461.
5,205,209
Property Taxes and Penalties
Property taxes - current
Property taxes - delinquent
Penalties and interest
Attorney fees
Misc. Tax Revenue
Other Taxes
City retail sales tax
State beverage tax
Licenses and Permits
Building permits
Electrical Permits
Plumbing & gas permits
Platting Fees
Mechanical Permits
Beer Permits
Moving Permits
Garage Sale Permits
Electrical licenses
Animal licenses
Peddlers & Solicitors
Health Certificate Fees
Wrecker Permits
Culvert Permits
Building Plan Check Fee
Occupancy Permits
Plan & Zone Board of Adj.
Demolition permits
Bldg. Site Work Permit
Alarm permits
Reinspec, Fee/Inspection
Sign permits
Health - Mobile unit
Health - Add. Mobile unit
Health - School, Day care
Health - Temporary
Health - Produce Vendor
Health - Club/Tavern
Health - Employees 1-5
Health - Employees 6-10
Health - Employees 11-15
Health - Employees 16-20
Health - Employees 21 or More
Health - Registration 1 Yr.
Health - Registration 2 Yr.
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF REVENUES - BUDGET AND ACTUAL
Year Ended September 30, 2001
with comparative actual amounts for the Year Ended September 30, 2000
$
2001
Budget
6,832,600 $
70,000
40,000
20,000
50,750
7,013,350
Actual
6,471,141 $
179,902
80,641
go
52,907
6,784,591
Variance
Favorable
(Unfavorable)
(361,459) $
109,902
40,641
(20,000)
2,157
(228,759)
Exhibit A-3
page 1 of 3
2000
Actual
5,626,664
119,461
58,231
22,371
49,768
5,876,495
4,225,800
12,000
4,795,353
14,745
569,553
2,745
3,684,676
4,237,800
4,810,098
572,298
12,847
3,697,523
530,000
65,000
75,000
50,000
50,000
3,500
8,000
17,000
13,500
15,000
1,000
20,000
4,000
2,500
200,000
2,000
10,000
200
20,000
2,500
1,000
4,000
1,300
2,000
867,755
98,184
137,396
62,644
117,905
3,710
7,050
18,600
15,888
9,342
2,335
17,925
5,400
3,704
479,760
2,875
14,665
50
15,524.
3,645
1,500
4,556
(15)
Elm
2,548
3,783
337,755
33,184
62,396
12,644
67,905
210
(950)
1,600
2,388
(5,658)
1,335
(2,075)
1,400
1,204
279,760
875
4,665
(150)
(4,476)
1,145
500
556
(15)
1,248
1,783
686,073
73,701
94,819
50,396
74,316
4,310
8,100
18,937
14,635
9,324
1,900
18,997
4,900
2,338
347,538
2,225
21,079
300
21,862
2,788
800
4,253
6,208
1,097,500
1,896,728
799,228
1,469,799
Fines and Forfeitures
Child Safety
Child Safety - Harris Co.
Mun. Court Bldg. Security
Fines
Franchise Fees
Gas
Electric utility
Telephone Company
Cable television
Sanitation
Charges for Services
False Alarm Fee
Clean Pearland Bldg. Rent
Land Rental
Fleet Repairs
Fuel Service Center
Basketball Programs
Trash Revenue
Sanitation Billing Fee
MUD/ EMS/ Fire Collections
Animal Shelter
Disposal of Animals
Police Programs
Fingerprint Fees
Tennis Programs
Recreation Programs
Leam to Swim Programs
Community Building Rental
Senior Citizens Programs
Swimming Pool Fees
Pool Rental
Pavilion Rental
Ambulance Service Fee
Rental Gazebo & Pavilion
Soccer Program
Softball Program
Summer Camp
Barbecue Shelter Rental
Pool Locker fee
Winter Fest
Dog Trot
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF REVENUES - BUDGET AND ACTUAL
Year Ended September 30 2001
with comparative actual amounts for the Year Ended September 30, 2000
" 2001
Budget
Actual
Variance.
Favorable
(Unfavorable)
Exhibit A-3
page2.of3
2000
Actual
,700
18,000.
740,000
759,700
25
1,887
(71)
854,800
856,641
25
187;
(18,071).
114,800
96,941
1,849
(26,832)
756,942
731,959
72,000
1,150,000
300,000
125,000
365,000
88,884
510,021
214,339
138,669
351,816
16,884
360,021
(85,661).
13,669
(13,184)
71,604
1,163,224
315,192
124,814
347,955
2,012,000
2,303,730
291,730
2,022,789
2,400
8,500
2,400,000
135,000
55,000
20,000
3,500
50
500
4,500
100,000
20,000
38,000
3,000
15,000
3,500
2,500.
350,000
6,000
35,000
55,000
3,000
100
12,000
1,000
3,273,550
5
2,277::.
1,416''
3,635
2,261,660
166,305
71,541
22,614
6,555
54
678.
14,346
81,392
31,130
28,340
4,118
14,500
3,687
1,750
370,272
1,664
41,226
60,278
11,270
2,055
3,202,767
5
(123)
1,416
(4,865)
(138,340)
31,305
6,541
2,614
3,055
4
178
9,846
(18,608)
11,130
(9,660)
1,118
(500)
187
(750)
20,272
(4,336)
6,226
5,278
(3,000)
(100)
(730)
1,055
(70,783)
25
,600
8,365
2,156,943
122,763
53,470
18,279
3,940
97
535
6,992
94,252
26,065
21,213
4,040
18,234
2,259
190
377,377
4,590
48,004
76,449
1,760
12,433
1,670
3,061,545
-61-
Intergovernmental Revenues
Grant - PD Radar Trailer
Grant - Police Department
Grant - Gal. Co. Task Force
Grant - Forestry Program
Emergency Mgmt. Asst Grant
Federal E.M.A. Grant
Other Revenues
City Brochure
Report Copies - Police Dept
Bids & Specs
Cash Short/Over
Donations- Concert/Band
Donations -other
Reimbursements - Phone & Fax
Reimbursement - Worker Comp
Reimbursement - P.LS.D.
Reimbursement - Demolition
L.E.O.S.E. Training Fire
Plat Copies
Reproduction/Xerox Copies
Reimbursement - Insurance
Texpool Interest
Payroll Interest
N.O.W. Account Interest
Interest Income
Credit Card Interest
Miscellaneous
Street Light Charges
N.S.F. Fees
Sand/ Topsoil
Discount Taken
Pool/Park Vending Machine
Comm. Center Vending Machine
City Hall Vending Machine
Concession Stand
Total Revenues
Transfer in (out)
Transfer in from Water & Sewer
Transfer in from Economic Development
Total Revenues
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF REVENUES - BUDGET AND ACTUAL
Year Ended September 30, 2001
with comparative actual amounts for the Year Ended September 30, 2000
2001
Budget
Actual
Variance.
Favorable
(Unfavorable)
Exhibit A-3
page 3. of 3
2000
Actual
$
69,000
46,000
15,000
MOO
(69,000)
(46,000)
(15,000)
$
15,000
130,000
(130,000)
15,000
4,000
4,500
500
5,000
3,000
2,500
211,825
1,500
2,000
5,000
200,000
800
30,000
90,000
1,000
30,000
40,000
1,000
50
1,500
1,500
100
4,000
1,290
4,465
3,425
6,557
2,643
239
234,057
3,600
108
1,249
1,899
46,249
287,654
862
21,976
77,536
3,970
72,592
71,319
1,251
28
961
761
329
3,692
(2,710)
(35)
2,925
1,557
(357)
(2,261)
22,232
3,600
108
(251)
(101)
41,249
87,654
62
(8,024)
(12,464)
2,970
42,592
31,319
251
(22)
(540)
(739)
229
(308)
4,331
4,896
(181)
8,750
(4,679)
3,023
14,315
173,721
1,548
3,285
983
248,195
1,001
23,934
126,175
2,830
76,983
86,408
1,375
43,416
55
1,331
2,010
202
4,043
639,775
848,712
208,937
827,950
19,163,675
700,000
110,000
20,703,267
700,000
110,000
1,539,592
17,703,060
19,973,675
21,513,267 $
1,539,592 # $
17,703,060
(this page intentionally left blank)
General Government
City Council
Personnel
Commodities
Contractual services
Administrative expenses
Capital outlay
City Manager
Personnel
Commodities
Contractual services
Administrative expenses
Capital outlay
City Secretary
Personnel
Commodities
Contractual services
Administrative expenses
Capital outlay
Finance
Personnel
Commodities
Contractual services
Administrative expenses
Capital outlay
Tax
Contractual services
Human Resources
Personnel
Commodities
Contractual services
Administrative expenses
Capital outlay
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
Year Ended September 30, 2001
with comparative actual amounts for the Year Ended September 30, 2000
2001
Budget
Actual
22,025 $
2,000
45,625
5,000
74,650
520,320
5,300
6,320
36,030
567,970
105,299
4,135
1,750
33,239
144,423
507,494
12,283
3,750
37,985
2,000
20,486 $
2,447
61,060
75
84,069
510,995
10,125
2,455
46,085
14,335
583,996
101,498
5,009
1,256
25,212
2,438
563,512
115,867
115,867
294,947
16,715
2,200
101,982
415,844
135,413
485,172
12,197
6,006
41,403
4,744
549,521
113,475
113,475
295,314
11,567
1,376
108,260
3,145
419,662
Variance
Favorable
(Unfavorable)
1,539
(447)
(15,435)
4,925
(9,419)
9,325
(4,825)
3,865
(10,055)
(14,335)
(16,026)
3,801
(874)
494
8,027
(2,438)
9,010
22,322
86
(2,256)
(3,418)
(2,744)
13,991
2,392
2,392
(367)
5,148
824
(6,278)
(3,145)
Exhibit A-4
page 1 of 6
2000
Actual
22,249
1,114
27,313
50,676
454,104
7,248
3,700
27,866
5,528
498,446
85,388
3,623
1,300
26,090
116,401
424,197
11,862
5,305
28,342
469,706
133,231
133,231
270,293
7,722
1,901
41,896
1,612
(3,818)
323,424
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
Year Ended September 30, 2001
with comparative actual amounts for the Year Ended September 30, 2000.
General Government (con't)
Legal
Personnel
Commodities
Contractual services
Administrative expenses
Sundry charges
Capital outlay
Municipal Court
Personnel
Commodities
Contractual services
Administrative services
Capital outlay
Custiodial Services
Personnel
Commodities
Contractual services
Administrative services
Capital outlay
City Hall.
Commodities
Contractual services
Other services
Capital outlay
Public Affairs/Grants
Personnel
Commodities
Contractual services
Adnunistrative services
Capital outlay
2001
Budget
194,848
7,025
1,000
67,550
5,000
275,423
212,624
3,971.
850
16,365
Actual
233,810
152,221
28,612
2,700
1,160
195,374
2,823
1,804
73,970
5,000
184,693
19,619
117,512
274,104.
70,000
481,235
183,228
92,258
57,340
278,971.
203,999
2,821
1,059.
15,232
223,111
152,073
25,690
1,516
179
Variance
Favorable
(Unfavorable)
(526)
4,202
(804)
(6,420)
332,826
179,458
(3,548)
8,625
1,150
(209)
1,133
15,705
164,536
295,778
161,659
637,679
58,574
31,471
10,699
148
2,922
1,184
981
271,163
5,235
Exhibit A-4
page 2of6
2000
Actual
172,015
4,345
247
87,777
3,914
(47,024)
(21,674)
(91,659)
(156,444).
2,110
33,684
25,869
61,663
264,384
194,713
6,591
1,471
12,917
2,537
218,229
121,901
25,702
1,887.
729
150,219
17,483
108,160
228,589
•
354,232
130,342
48,310
33,004
5,317
216,973
Other
Personnel
Commodities
Contractual services
Miscellaneous services
Sundry charges
Total General Government
Public Safety
Police
Personnel
Commodities
Contractual services
Administrative services
Capital outlay
Fire
Personnel
Commodities
Contractual services
Administrative services
Capital outlay
Fire Marshal
Personnel
Commodities
Contractual services
Administrative services
Capital outlay
Animal Shelter
Personnel
Commodities
Contractual services
Other services
Capital outlay
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
Year Ended September 30, 2001
with comparative actual amounts for the Year Ended September 30, 2000
2001
Budget
Actual
36,000 $
23,845
55,489
617,737
62,000
795,071
4,185,324
4,640,731
87,932
300,746
211,761
380,980
5,622,150
58,834
89,000
49,775
197,609
145,189
11,168
6,350
39,900
23,140
225,747
171,640
11,349
9,150
20,763
8,250
221,152
36,000
23,739
51,676
540,587
89,225
741,227
4,217,744
4,422,774
83,416
328,493
165,366
414,074
5,414,123
45,745
26,035
41,260
Variance
Favorable
(Unfavorable)
106
3,813
77,150
(27,225)
53,844
(32,420)
217,957
4,516
(27,747)
46,395
(33,094)
208,027
13,089
62,965
8,515
113,040
121,864
6,594
5,927
17,880
24,490
176,755
161,012
19,566
13,678
16,798
17,160
228,214
84,569
23,325
4,574
423
22,020
(1,350)
48,992
10,628
(8,217)
(4,528)
3,965
(8,910)
(7,062)
Exhibit A-4
page 3 of 6
2000
Actual
MEI
720,254
64,518
784,772
3,580,693
3,814,646
74,655
331,805
214,088
173,930
4,609,124
37,442
44,664
39,618
55,980
177,704
94,274
9,670
10,591
27,143
141,678
148,713
7,224
23,313
15,305
2,254
196,809
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES- BUDGET AND ACTUAL
Year Ended September 30, 2001
with comparative actual amounts for the Year Ended September 30, 2000
Emergency Medical Services
Personnel
Commodities
Contractual services
Other services
Capital outlay
Total Public Safety,
Public Works
Administration
Personnel
Commodities
Contractual services
Other services
Capital outlay
Engineering
Personnel
Commodities
Contractual services
Other services
Capital outlay
Community Development
Personnel
Commodities
Contractual services
Administrative services
Capital outlay
Community Services
Commodities
2001
Budget
Actual
413,064.
92,360
90,020.
99,625.
57,633
752,702
7,019,360
124,624
9,500
3,050
5,190
468,778.
70,621
63,798
60,151
96,659
760,007
6,692,138
125,047
9,896
2,544
6,157
142,364
552,139
9,802
8,965
136,185
25,350
732,441
372,761
20,122.
12,400
50,611
5,200
461,094
10,000
143,643
545,720
8,372
9,454
39,255
28,685
631,486
363,338
18,032
16,879
51,759
6,414
456,422
13,067
10,000
13,067
Variance
Favorable
(Unfavorable)
(55,714)
21,739
26,222
39,474
(39,026)
(7,305)
327,222
Exhibit A-4
page 4 of 6
2000
Actual
(423).
(396)
506'.
(967)
(1,279)
6,419
1,430
(489)
96,930
(3,335)
100,955.
463,834
85,214
1.78,305
74,402
117,446
819,201 •
5,944,516
116,488
7,712
5,328
4,402
9,423
2,090
(4,479)
(1,148)
(1,214)
4,672
(3,067)
(3,067)
33,930
494,577
5,961
12,754
182,423
16,720
712,435
318,106
17,427
14,767
54,221
404,521
10,000
10,000
Public Works (con't)
Fleet Maintenance
Personnel
Commodities
Contractual services
Other services
Capital outlay
Service Center
Personnel
Commodities
Contractual services
Other services
Capital outlay
Street and Drainage
Personnel
Commodities
Contractual services
Other services
Capital outlay
Sanitation
Contractual services
Special services
Franchise fees
Total Public Works
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
Year Ended September 30, 2001
with comparative actual amounts for the Year Ended September 30, 2000
2001
Budget
Actual
210,469
2,980
4,992
3,610
222,051
12,785
53,600
53,044
215,489 $
2,161
5,757
1,804
1,290
226,502
63,398
38,076
34,144
119,429
502,112
226,996
637,391
365,852
177,000
1,909,351
20,000
2,455,355
50,000
2,525,355
6,122,085
135,618
472,259
201,038
430,972
608,249
168,245
1,880,763
17,509
2,418,981
50,676
2,487,166
5,974,667
Variance
Favorable
(Unfavorable)
(5,020)
819
(765)
1,806
(1,290)
(4,451)
(50,613)
15,524
18,900
(16,189)
29,853
25,958
206,419
(242,397)
8,755.
28,588
2,491
36,374
(676)
38,189
147,418
Exhibit A-4
page 5 of 6
2000
Actual
203,465
4,783
7,035
1,128
216,411
21,949
41,691
58,869
122,509
428,719
251,066
584,269
378,453
90,360
1,732,867
2,302,724
2,302,724
5,635,397
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
Year Ended September 30, 2001
with comparative actual amounts for the Year Ended September 30, 2000
Variance
Favorable
Actual (Unfavorable)
Community Services
Library
Commodities
Contractual services
Administrative services
Capital outlay
Parks & Recreation - Admnnstration
Personnel
Commodities
Contractual services
Other services
Capital outlay
Parks & Recreation - Recreation
Personnel
Commodities
Contractual services
Other services
Capital outlay
Parks & Recreation -Athletics
Personnel
Commodities
Contractual services
Other services
Capital outlay
2001
Budget
2,050
6,900
56,500
3,500.
68,950
668,352
35,317
146,124
12,576
102,457
1,064,826
249,357
118,518
7,459
63,671
6,800
445,805
72,372.
93,665
2,410
30,024
1,601
66,681
71,652
-2,735
.142,649
617,894
33,069
174,502
115,548
145,542
1,086,555
234,729.
91,520•
••.3,012
• 61,586:
6,348•••
`197,194
54,957
97,540
15,682
26,941
Parks & Recreation - Aquatics & Special Events
Personnel
Commodities
Contractual services
Other services
Capital outlay
Total Community Services
208,471
126,476.
70,900
:25,180. :
20,535
2,000
245,091
2,033,143
195,121
98,515
76,421
39,879
5,755
1,511
222,081
2,043,620
449
(59,781)
(15,152)
765
(73,719)
Exhibit A-4
page 6of6
2000
Actual
50,458
2,248
(28,378)
(2,972)
(43,085) •
(21,729)
14,628
26,998
4,447,
2,085
452
48,611.
17,415
(3,875)
(3,272)
3,083
13,350
27,961
(5,521)
(14,699).
14,780
489
23,010
(10,477)
2,328
2,922
54,601
5,264
65,115
540,939
25,991
189,864
104,221
53,608
914,623..
226,533
153,188
6,428
57,233
7,850
451,232
109,696
142,871
20,173
53,545
5,515
331,800
1,762,770
Total Expenditures
19,359,912
18,928,169.
431,743
16,923,376
(this page intentionally left blank)
SPECIAL REVENUE FUNDS
The Special Revenue Funds are used to account for specific revenues that are legally restricted for
particular purposes. A description of the individual special revenue funds follows:
Regional Detention Fund
A fund created to account for the regional detention development.
Municipal Court
A fund created to account for municipal court fees collected.
Hotel/Motel
A fund created to account for hotel/motel occupancy tax revenue.
Park Donation
A fund created to account for park donations.
Park & Recreation Development
A fund created to account for the development of parks.
Tree Donations
A fund created to account for tree donations.
Tree Trust
A fund created to account for tree trust donations.
Police Fund
To account for financial resources to be used for the Police department drug program.
Federal Police Fund
To account for expenditures related to special federal programs. for the police department.
Community Services
To account for expenditures related to community services.
Grant Fund
To account for all grant revenues and expenditures.
Assets
Cash and cash equivalents
Account receivable
Due from EWA
Due from others fund
Accrued interest receivable
Total Assets
Liabilities and Fund Balances
Liabilities
Accounts payable
Due to other funds
Deferred revenue grants
Total Liabilities
Fund Balances
Reserved for encumbrance
Unreserved:
Designated for subsequent
years' expenditures
Total Liabilities and Fund Balances
CITY OF PEARLAND, TEXAS
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
September 30, 2001
with comparative totals for September 30, 2000
Municipal
Court
Soccer Regional
Court Detention
Hotel
Motel tax
Park
Donation
$25,269 $ 1,835 $14,951 $221,393
50,041
$75,310
5,179
$1,835 $14,951 $221,393
$ 1,066. $
1,066
74,244
$75,310
5,179
3,444
3,444
1,835 14,951 221,393
$1,835
$14,951 $221,393
1,735
$5,179
Park &
Recreation
Development
$346,201
3,444
$349,645
349,645
$349,645
Tree
Donation
$1,342
Tree
Trust
Side
Walk
$9,882
$63,769
Police
$43,015
Federal Community
Police Services
$7,987
$64,378
Grants
45,941
162,917
Totals
2001
$800,021
45,941
162,917
58,664
$1,342 $9,882 $63,769 $43,015 $7,987 $64,378 $208,858
1,342 9,882
$1,342
$9,882
63,769
$63,769
43,015
7,987
$43,015
$7,987
64,378
$64,378
188,719
13,631
202,350
$1,067,543
6,508
$208,858
$1,066
192,163
13,631
206,860
860,684
,067,543
Exhibit B-1
Totals
2000.
$558,997
50,569
88
$609,654
5,173
1,018
6,191
603,462
$609,654
CITY OF PEARLAND, TEXAS
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES
Year Ended September 30, 2001
with comparative totals for the Year Ended September 30, 2000
Hotel Park &
Municipal Soccer Regional Motel Park Recreation
Court Court Detention Tax Donation Development
Revenues
Taxes
Hotel/ Motel Tax $ $ $ $ 52,279 $
Intergovernmental Revenue:
Grants
Total Intergovernmental Revenue
Other Revenue:
52,279
Municipal Court 46,279 1,835 _
Regional Detention
1,073
Park/Tree
Police Drug Revenue 242,092
Community Services Revenue _
Sidewalk
Investment earnings 175 1,867
4,241 1,210 5,093
Transfer in from general fund
Total Other Revenue:
Total Revenues
Expenditures
General Government 17,600
Park Equipment
Community Services 3,635 19,887
121,501
Police Drug Expense
Total Expenditures 17,600 121,501
Revenues Over (Under) Expenditures 3,635 19,887
Transfer in from General Fund
Revenues & Other Financing Sources.
over (under) Expenditures
28,854 1,835 (118,562) 56,520 (2,425) 227,298
Fund Balances - Beginning 45,390
133,513 164,873 4,160 122,348
Fund Balances - Endmg $74,244 $1,835 $14,951 $221,393 $1,735
$349,645
46,454 1,835 2,939 4,241 1,210 247,185
46,454 1,835 2,939 56,520 1,210 247,185
Tree
Donation
Tree
Trust
Bide
Walk
94
194
Police
Federal
Police
Community
Services
Grant
333,677
333,677
Totals
2001
52,473
333,677
386,150
Exhibit B-2
Totals
2000
47,937
100,000..
303,631
451,568
30
12,190
516
63,576
13,322
993
178
58,971
571
417
48,114
1,073
254,312
13,322
58,971.
63,576
15,260
45,390
32,736
155,571
8,838
18,652
7,570.
30
30
12,706
12,706
63,576
28,048
14,316
178
59,543
417
454,629
278,757
63,770
4,316
178
59,543
334,094
840,779
730,325
8,362
18,880.
418,436
17,600
42,402
576,347
28,048
8,362
18,880.
418,436
636,349
390,998
3,675
15,165
7,675
417,513
30 , (15,342) 63,770
1,312
$1,342
25,225
5,953
37,061
178
7,809.
40,663
23,715
52,794
(84,342)
38,056.
52,794
204,430
603,462
312,812
290,650
$9,882 $63,769
$43,015
$7,987
$64,378
$6,509
$860,685
$603,462
-75-
(this page intentionally left blank)
DEBT SERVICE FUND
The Debt Service Fund is used to account for property taxes levied for payment
of principal and interest on all general obligation and other debts of the City.
CITY OF PEARLAND, TEXAS
DEBT
SERVICE
FUND
COMPARATIVE BALANCE SHEET
September 30, 2001 and 2000
Assets
Cash and cash equivalents
Receivables:
Property taxes
Total Assets
Liabilities and Fund Balance
Liabilities
Accounts payable
Deferred revenue
Total Liabihtres
Fund Balance
Unreserved:
Designated for debt service
2001.
1,579,418
186,326
1,765,744
34,432
186,326
220,758
1,544,987
Total Liabilities and Fund Balance $
Exhibit C-1
2000
736,014
186,807
922,821
54,866
186,807
241,673
681,148
1,765,744 $
922,821
CITY OF PEARLAND, TEXAS
DEBT SERVICE FUND
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
Year Ended September 30, 2001
with comparative actual balances for the Year Ended September 30, 2000
Revenues
Property Taxes and Penalties:
Property taxes - current
Other revenues -
investment earnings
Total Revenues
Expenditures
Debt Service:
Principal retirement
Interest and fiscal charges
Other miscellaneous expenses
Total Expenditures
Revenues Over (Under)
Expenditures
Other Financing Sources(Uses)
Transfer out to other fund
Total Other Financing Sources (Uses)
Revenues and Other Financing
Sources Over (Under)
Expenditures
Fund Balance - Beginning
Fund Balance - Ending
2001
Budget
Actual
4
53,856 $
53,000
4,048,701
90,820
Variance
Favorable
(Unfavorable)
(105,155) $
37,820
Exhibit C-2
2000
Budget
3,342,006
20,000
4,206,856
1,680,000.
2,405,000
4,600
4,139,521
1,680,000
1,554,951
40,731
(67,335)
(850,049)
36,131
3,362,006
1,455,000
1,920,000
4,089,600
117,256
50,000
3,275,682
813,918
3,375,000
863,839
746,583
(50,000)
(12,994)
50,000
167,256
681,148
(50,000)
863,839
681,148
848,404
1,544,987
696,583
(12,994)
208,324
696,583 $
195,330
(this page intentionally left blank)
CAPITAL PROJECTS FUNDS
The Capital Projects Funds are used to account for all resources used for the acquisition and/or
construction of all buildings, equipment, rights of way, street and drainage improvements, and regional
wastewater facilities. The funds used are described below.
Street Assessment
A compulsory levy made against certain properties to defray all or part of the cost of a specific
capital improvement or service deemed to benefit primarily those properties.
Street Assessment = McHard Rd.
A compulsory levy made against certain properties to defray all or part of the cost of a specific
capital improvement or service deemed to benefit primarily those properties.
Street Assessment-- Southfork
A compulsory levy made against certain properties to defray all or part of the cost of a specific
capital improvement or service deemed to benefit primarily those properties.
Street Assessment = Hooks Rd.
A compulsory levy made against certain properties to defray all or part of the cost of a specific
capital improvement or service deemed to benefit primarily those properties.
Capital Proiect Fund
A fund created to account for financial resources to be used for the acquisition or construction of
major capital facilities (other than those financed by proprietary funds and trust funds).
Road & Bridges
To account for financial resources to be used for roads & bridges.
Library
To account for financial resources to be used for the City's library
Capital Improvement 1997
To account for financial resources to be used for the facilities projects, transportation projects,
drainage projects, and watershed projects.
Certificate of Obligation 1997A
To account for capital expenditures related to the issuance of certificates of obligation in August
1997.
-81
Assets
Cash and cash equivalents
Investments
Assessments Receivable
Accrued interest receivable
Due from General Fund
Total Assets
Liabilities and Fund Balances
Liabilities
Accounts payable
Due to Other Funds
Deferred Revenue
Total Liabilities
Fund Balance
Reserved for encumbrances
Fund Balance
Total Fund Balance
Total Liabilities and
Fund Balance
CITY OF PEARLAND, TEXAS
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEET
September 30, 2001
with comparative totals for September 30, 2000
Cty Rd 58
Street
Assessments
Fite St.
Street
Assessments
McHard Rd
Street
Assessments
19,994 $ 25,052 $ 191,799
$19,994
19,994
19,994
$ 19,994
$25,052
25,052
25,052
171,875
$363,674
363,674
363,674
Southfork
Street
Assessments
Hooks Rd
Street
Assessments
130,566 $ 203,732
$130,566
130,566
130,566
$203,732
203,732
203,732
Street
Assessments
47,734
15,966
$63,700
19,200
15,966
35,166.
28,534
28,534
25,052 $ 363,674 $ 130,566 $ 203,732 $
63,700
Capital
Projects
1,218,267
1,400,000
$2,618,267
35,991
35,991
677,101
1,905,175
2,582,276
2,618,267
Roads and
Bridges
75,165
$75,165.
75,165
75,165
.75,165
Library
0,845
$10,845
10,845
10,845
10,845
Capital
Improvement
1997
Certificate
of Obligation
1997A
Total
2001
Exhibit D-1
Total
..2000
70,838
$70,838
763,112
141,676
$904,788
2,757,104
187,841.
1,541,676
$4,486,621
620,034
141,676
675,225
141,676
15,966
141,676
620,034.
832,867
284,754
(70,838)
961,855
2,691,899.
(70,838)
284,754
3,653,754
70,838 $ 904,788
4,486,621
5,339,579
5,966
1,336
$5,356,881
302,727
15,966
318,693
661,393
4,376,795
5,038,188
5,356,881
Revenues
Investment earnings
T.D.O.T
Other
Total Revenues
Expenditures - Capital Outlay
General Government
Public Safety
Public Works
Utility Billing
Streets and transportation
Drainage
Other projects
Parks and recreation
Total Expenditures
Revenues (Under) Expenditures
Other Financing Sources (Uses)
Transfer In from General Fund
Transfer (Out) to Other Funds
Transfer In from Overpass
Proceeds from lease financing
Library Grant
Total Other Financing Sources (Uses)
CITY OF PEARLAND, TEXAS
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
Year Ended September 30, 2001
with comparative totals for the Year Ended September 30, 2000
Cty Rd 58 Fite Rd McHard Rd Southfork Hooks Rd
Street Street Street Street Street Street
Assessments Assessments Assessment Assessments Assessments
Assesmentr
7 $ 52 $ 4,266 $ $ 4,020 $ 1,471
19,987 25,000 5,323 90,547
19,994 25,052 4,266 5,323 94,567 1,471
14,573
14,573
19,994 25,052 4,266 5,323 94,567 (13,102)
No
Revenues and Other Financing
Resources Over (Under)
Expenditures 19,994 25,052 4,266 5,323
94,567 (13,102)
Fund Balances- Beginning
Fund Balances - Ending
359,407 125,243 109,165 41,636
19,994 $ 25,052 $ 363,674 $ 130,566 $ 203,732 $ 28,534
Capital:
Projects
27,032 $
27,032
Roads and
Bridges
1,564'
35,857
37,421
Library
Capital
Improvement
1997
165,769
8,805
174,574
67,895
85,514.
330,548
129,808
22,370
566,523
61,624
39,698
613,765.
22,370.
667,845
(586,733).
2,246,491
212,768
15,051
(493,271)
2,459,259
1,872,527
15,051
(493,271)
709,750
60,114
10,845'
422,433
2,582,276 $ 75,165 $ 10,845 $
(70,838)
Certificate Of
Obligation
1997A
Totals
2001
155,226
22,220
177,445
93,637
223,846
149,663
567,146
24,989.
Mb
631,398
1,462,968
1,078,818
92,884
85,514
Exhibit D-2
Totals
2000
269,534
639,310
908,844
1,565,412 -
1,524,592 .
1,248,324 :
3,198,173
4,516,726
(3,020,728)
30,000
(3,949,580)
2,246,491
212,768
30,000
.0,000
(2,990,728)
2,489,259
(1,460,321)
3,275,482
5,114,075
284,754 $
3,653,754
40,720
650,618
135,463
852,799
1,679,600
(770,756)
694,967
151,676
846,643
75,887
5038,188
5,114,075
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ACCOUNT. GROUPS
(this page intentionally left blank)
GENERAL FIXED ASSETS
This is a self -balancing group of accounts used to account for the fixed assets of the City.
CITY OF PEARLAND, TEXAS
SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE
September 30, 2001 and 2000
General Fixed Assets
Land
Buildings
Construction in progress
Improvements
Machinery and equipment
Total General Fixed Assets
Investments in General Fixed Assets
Financed By Capital Projects Funds
General Obligation bonds and
Time warrants and certificates o
Lease Purchase agreement
Federal grants
General Fund Revenues
Special Revenue Fund Reserves
Special Assessments
lntergovernmental transfers
obligation
Total Investment in General Fixed Assets
2001
Exhibit F-1
2000
1,607,086 $
9,888,234
5,961,546
25,623,297
11,559,002
54,639,165
1,513,277
9,888,234
2,339,349
25,417,328
10,176,089
38,889,909 $
425,519
395,576
1.1,609,460
2,114,776
510,286
693,639
49,334,277
35,061,742
425,519
395,576
10,132,739
2,114,776
510,286
693,639
54,639,165 $
49,334,277
CITY OF PEARLAND, TEXAS
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
General Government
City Council
Human Resource
City Manager
City Secretary
Finance
Legal
Municipal Court
Custodial Services
City Hall
MIS
Total General Government
Public Safety
Police
Fire
Animal Shelter
Code Enforcement
Civil Service
Fire Marshall
Emergency Medical Services
Total Public Safety
Public Works
Public Works
Service Center
Fleet Maintenance
Engineering
Street
Sanitation
Total Public Works
Community Services
Library
Parks, Recreation, Beautification
Total Community Services
Construction in Progress
Total
Year Ended September 30, 2001.
Balance
Oct. 1, 2000
4,410
27,406
61,861
38,207
54,483 1
33,283
113,219
49,718
3,902,746
13,169
4,298,502
5,297,126
1,003,151
421,000
287,334
4,433
217,783
1,102,125
8,332,952
Additions
Exhibit F-2
Balance
Sept. 30, 2001
1,442,973
1,132,113
77,168
206,753
22,217,325
453,653
25,529,985
4,459,0111
4,374,471
8,833,489
2,339,349.
49,334,277
3,145
14,335
2,439
4,743
431,947
456,609
409,594
7,802
7,160
6,031
24,490
96,659
561,736
146,196
1,291
33,163
168,245
348,895
2,735
312,716
315,451
3,622,197
4,410
30,551
76,196 ,.
40,646
59,226
33,283
�113,219
49,718
4,334,693
13,169
4,755,111
5,706,720
1,010,953
438,160
293,365
4,433
242,273
1,198,784
8,894,688
1,589,169
1,132,113
78,459
239,916
22,385,570
453,653
25,878,880.
4,461,753
4,687,187
9,148,940
5,961,546
5,304,888
54,639,165
-91.-
CITY OF PEARLAND, TEXAS
SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY
September 30, 2001
General Government
City Council
Human Resource
City Manager
City Secretary
Finance
Legal
Municipal Court
Custodial Services
City Hall
MIS
Total General Government
Public Safety
Police
Fire
Animal Shelter
Code Enforcement
Civil Service
Fire Marshal
Emergency Medical Services
Total Public Safety
Public Works
Public Works
Service Center
Fleet Maintenance
Engineering
Street
Sanitation
Total Public Works
Community Services
Library
Parks, Recreation
Total Community Services
Contruction in Progress
Totals
Total
4,410
30,551
76,196
40,646
59,226
33,283
113,219
49,718
4,334,693
13,169
4,755,111
5,706,720
1,010,953
438,160
293,365
4,433
242,273
1,198,784
8,894,688
1,589,169
1,132,113
78,459
239,916
22,385,570
453,653
25,878,880
4,461,753
4,687,187
9,148,940
5,961,546
$ 54,639,165
Land Buildings .Improvements
50,014
50,014
4,320
4,320
503,867
15,500
198,066
57,236
774,669
2,298,570
2,298,570
938,940
48,031
287,435
6,212
212,625
2,493,243
571,432
7,010
578,442
5,000 3,464,092
773,083 1,053,887
778,083 4,517,979
6,182
200,881
Exhibit F-3
Machinery and
Equipment
4,410
30,551
76,196
40,646
59,226
33,283
107,037
49,718
1,785,228
13,169
207,063
1,639
50,000
109,570
4,739
8,977.
174,925
1,048,011
394,001
20,843,031
387,652
22,672,695
886,471
1,682,143
2,568,614
2,199,464
3,766,141
912,922
146,405
183,795
4,433
231,322
977,182
6,222,200
37,291
151,180
78,459
239,916
1,344,473
1,755
1,853,074
106,190
1,178,074
1,284,264
$ 1,607,086 $ 9,888,234 $ 25,623,297 $ 11,559,002
GENERAL LONG-TERM DEBT
This account group is a self -balancing group of accounts used to account for the City's long-term liabilities
which include general obligation bonds, certificates of obligation, capital leases, and compensated absences..
Due During
Fiscal Year
Ending
Sept. 30,
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Totals
Due During
Fiscal Year
Ending
Sept. 30,
2002
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Totals
Certificates of Obligation
Series 1997 - S6,250,000
Principal Interest Due
Due March 1,
March 1 September 1
100,000
100,000
100,000
100,000
100,000
110,000
120,000
120,000
400,000
460,000
520,000
580,000
650,000
1,210,000
1,280,000
5,950,000
329,885
322,635
315,385
308,135
300,885
293,273
285,385
278,335
264,685
242,110
216,255
186,960
153,895
103,373
35,200
3,636,396
Certificates of Obligation
Series 1995 - $5,000,000
Total
429,885
422,635
415,385
408,135
400,885
403,273
405,385
398,335
664,685
702,110
736,255
766,960
803,895
1,313,373
1,315,200
9,586,396
Principal Interest Due
Due March 1,
March 1 September 1
175,000
255,000
270,000
500,000
500,000
500,000
500,000
500,000
234,045
159,338
145,290
124,250
96,500
68,250
39,500
12,500
Total
409,045
414,338
415,290
624,250
596,500
568,250
539,500
512,500
as
4,260,000
1,861,245
6,121,245
Exhibit G (1 of 21
Certificates of Obligation
Series 1997A - $5,500,000
Principal
Due
March 1
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
395,000
415,000
440,000
465,000
495,000
525,000
555,000
590,000
620,000
5,300,000
Interest Due
March 1,
September 1
288,846
281,646
274,446
267,246
260,046
252,846
246,346
240,846
227,976
206,916
184,686
161,040
135,716
108,489
79,395
48,480
16,275
3,281,241
Total
388,846
381,646
374,446
367,246
360,046
352,846
346,346
340,846
622,976
621,916
624,686
626,040
630,716
633,489
634,395
638,480
636,275
8,581,241
Certificates of Obligation
Series 1991 S2,125,000
Principal
Due
March 1
170,000
170,000
Interest Due
March 1,
September 1
5,525
5,525
Total
175,525
175,525
Due During
Fiscal Year
Ending
Sept. 30,
2002
2003
2004
2005
2006
2007
2008.
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Totals
Due During
Fiscal Year
Ending
2002
2003
2004
2005 -
2006
2007.
2008
2009
2010
2011
2012
2013
•2014
2015
2016
2017
2018
Totals
Pnncipal
Due
Principal
Due
March 1
770,000
755,000
Oa
IN
CITY OF PEARLAND, TEXAS
SCHEDULE OF GENERAL LONG-TERM
DEBT SERVICE REQUIREMENTS TO MATURITY
Refunding Bonds
Series 1993 - $6,510,000
Interest Due
March 1,
September 1
52,244
17,459
1,525,000 69,703
September 30,2001
Total
822,244
772,459
alb
1,594,703
Obligations Under Bank One
Capital Leases
Interest
Due
74,724 1,636
ono
01.
74,724 1,636
76,360
01.
76,360
Principal
Due
March 1.
140,000
375,000
1,330,000
1,620,000
1,700,000
1,800,000
1,885,000
1,980,000
No
Refunding Bonds
Series 2000 - $10,830,000
Interest Due
March 1,
September 1
528,663
516,432
475,937
405,875
320,650
230,700
142,260
48,510
0.0
Total
668,663
891,432
1,805,937
2,025,875
2,020,650
2,030,700
2,027,260
2,028,510
10,830,000
2,669,027
13,499,027
Principal
Due
125,000
130,000
255,000
Street Improvement Bond,
Series 1992 - $2,000,000
Interest Due
March 1,
76,238
68,400
144,638
201,238
198,400
399,638
Due During
Fiscal Year
Ending
Sept. 30,
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016,
2017
2018
Totals
CITY OF PEARLAND, TEXAS
SCHEDULE OF GENERAL LONG-TERM
DEBT SERVICE REQUIREMENTS TO MATURITY
September 30, 2001
ANNUAL REQUIREMENTS FOR ALL SERIES
Total
Principal
Due
Total
Interest
Due
Total
Principle &
Interest Due
1,654,724
1,645,000
1,730,000
2,030,000
2,125,000
2,250,000
2,360,000
2,470,000
1,295,000
1,375,000
1,460,000
1,545,000
1,645,000
1,735,000
1,835,000
590,000
620,000
28,364,724
1,517,082
1,428,017
1,273,738
1,176,766
1,065,893
949,154
833,329
712,981
616,911
545,526
469,191
387,500
302,111
211,862
114,595
48,480
16,275
11,669,411
3,171,806
3,073,017
3,003,738
3,206,766
3,190,893
3,199,154
3,193,329
3,182,981
1,911,911
1,920,526
1,929,191
1,932,500
1,947,111
1,946,862
1,949,595
638,480
636,275
40,034,135
ENTERPRISE FUND DEBT
Due During
Fiscal Year
Ending
Sept. 30,
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Totals
Due During
Fiscal Year
Ending
Sept. 30,
2002
2003
2004
2225
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Total
Water & Sewer System Revenue Bonds
Series 1996A - $1115000.
Total Interest Due
Prtndple March 1,
Due 37,500
200,000
200,000
10,400
•
10,400
Total
Prindple &
Interest Due
210,400
210,400
Water & Sewer System Revenue Bonds
Series 1999- $8,000,000.
Principal
Due
Sept 1
160,000
165,000
175,000
180,000
190,000
195,000
205,000
215,000
220,000
230,000
240,000
250,000
260,000
275,000
295,000
1,080,000
1,125,000
1,175,000
1,27.5,000
7,850,000
Interest Due
March 1,
September 1
384,650
376,810
368,725
360,150
351,330
34Z020
332,465
322,420
311,885
301,105
289,835
278,075
265,825
253,085
239,610
225,645
172,725
117,600
60,025
5,353,985
Total
Prindpk &
Interest Due
544,650
541,810
543,725
540,150
541,330
537,020
537,465
537,420
531,885
531,105
529,835
528,075
525,825
528,085
524,610
1,305,645
1,297,725
1,292,600
1,285,025
13,203,985
Exhibit H (1 of 2)
Water & Sewer System Revenue Bonds
Series 1996B - $8,870,000
Prtndple
March 1
Sept 1
210,000
420,000
440,000
455,000
475,000
495,000
515,000
540,000
560,000
590,000
615,000
645,000
675,000
710,000
745,000
Interest Due
March 1
Sept1
365,440
357,460
341,080
323,480
304,826
284,876
263,590
240,390
216,632
190,870
163,140
133,946
102,968
70,568
36,132
Total
Prldple &
Interest Due
575,440
777,460
781,080
778,480
779,826
779,876
778,590
780,390
776,632
780,870
778,140
778,946
777,968
780,568
781,132
8,090,000
Principal
Due
Sept. 1
75,000
90,000
100,000
855,000
880,000
915,000
545,000
980,000
1,015,000
1,050,000
1,090,000
1,125,000
1,170,000
1,210,000
1,250,000
2,090,000
2,160,000
17,0001000
3,395,398
11,485,398
Certificates of Obligations
Series 1998 - $17,100,000
Interest Due
March 1,
September 1
593,833
591,500
588,768
574,706
548,675
521,073
492,006
461,197
428,271
393,157
355,697
316,100
274,497
230,760
184,937
121,790
41,040
Total
Prindle &
Interest Due
668,833
681,500
688,768
1,429,706
1,428,675
1,436,073
1,437,006
1,441,197
1,443,271
1,443,157
1,445,697
1,441,100
1,444,497
1,440,760
1,434,937
2,211,790
2,201,040
6,718,007
23,718,007
Due During
Fiscal Year
Ending
Sept 30,
2002
2003
2004
2005.
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Totals
CITY OF PEARLAND TEXAS
SCHEDULE OF ENTERPRISE FUND
DEBT SERVICE REOUIREMENTS TO MATURITY
Total
Principal
Due
September 30, 2001
Annual Requirements for A8 Series
Total
Interest
Due
645,000
675,000
715,000
1,490,000
1,545,000
1,605,000
1,665,000
1,735,000
1,795,000
1,870,000
1,945,000
:.2,020,000
2,105,000
2,195,000
2,280,000 '..
3,1702000
3,285,000
1,175,000
1,225,000
33,140,000
1,354,323
1,325,770
1,298,573
1,258,336
1,204,831.
1,147,969
1,088,061
1,024,007
956,788
885,132
808,672
728,121
643,290
554,413
460,679
347,435
213,765
117,600
60,025
15,477,790
Total
Prindpal &
Interest Due
1,999,323
zo o,no
2,013,573
;.. 2,748,336
2749,831
2,752,969.
2,753,061
2,759,007
2751,788:.
2,755,132
2,753,672
2,748,121
2,748,290
2,749,413
2740,679
` 3,517,435
3,498,765
1,292,600
1,285,025
48,617,790
-99-
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COMPONENT UNITS
Assets
Cash and cash equivalents
Accounts receivable
Interest receivable
Due from other funds
Amount to be provided for
retirement of debt
Fixed assets
Iabilities
Equity
Liabilities and Equity
Accounts payable
Accrued liabilities
Accrued compensated absences
Due to Other Funds
General obligation bonds
Investment in General Fixed Assets
Undesignated
CITY OF PEARLAND, TEXAS
COMPONENT UNITS
COMBINING BALANCE SHEET
September 30, 2001 and 2000
PEDC
TIRZ
Exhibit I-1
TOTAL
2001
2000
4,046,262 $ 18,673 $ 4,064,935 $ 3,543,017
479,643 479,643
271,274
271,274
16,488
4,668,528 4,668,528 4,752,620
55,403 - 55,403 55,403
$9,521,110 $ 18,673 9,539,783 8,367,528
8,544 $
9,996
18,528
4,650,000
4,687,068
$ 55,403
4,778,639
$ 8,544
9,996
18,528
271,274 271,274
4,650,000
271,274
$ 34,727
7,620
4,745,000
4,958,342 4,787,347
$ 55,403 $ 55,403
(252,601) 4,526,038 3,524,778
4,834,042 (252,601) 4,581,441 3,580,181
9,521,110 $ 18,673 9,539,783 8,367,528
CITY OF PEARLAND, TEXAS
COMPONENT UNITS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCE
Year Ended September 30, 2001
with comparative totals for the Year Ended September 30, 2000
Operating Revenues
Sales Tax Revenue
Other Revenue
Total Operating Revenues
Operating Expenses
Economic Development
Personnel
Commodities
Contractual Services
Other Services
Capital Outlay
Debt Service
Total Expenitures
Revenues over (under)Expenditures
Operating Transfers In (Out)
Operating Transfer to
Other Fund
Revenues and Other Sources
Fund Balance - Beginning
Prior. Period Adjustment
Retained Earnings (Deficit)
Ending
PEDC
2,397,275
165,816
2,563,091.
228,050
6,883
9,469
293,223
403,722
370,616
1,311,963
1,251,128
(322,768)
Exhibit I-2
Totals
TIRZ 2001
2000
928,360
3,477,332
372,948
$ 4,778,639.
241,501
2,397,275
407,317
1,841,918
600,465
241,501
541,552
541,552
2,804,592
228,050
6,883
9,469.
834,775
403,722
370,616
1,853,515
2,442,383
178,839
4,671
205,981
142,478
701,280
372,023
1,605,272
(300,051)
(300,051)
47,450
(252,601) $
951,077
(322,768)
628,309
3,524,782
372,948
4,526,038
837,111
(110,000)
727,111
2,797,667
3,524,778
Assets
Cash and cash equivalents
Accounts receivable
Interest receivable
Due from Other Funds
Amount to be provided for
retirement of debt
Fixed assets
Liabilities
Equity
Liabilities and Equity
Accounts payable
Accrued liabilities
Accrued compensated absences
General obligation bonds
Investment in General Fixed Assets
Undesignated
CITY OF PEARLAND, TEXAS
PEARLAND ECONOMIC DEVELOPMENT CORPORATION (PEDC)
COMBINING BALANCE SHEET
September 30, 2001 and 2000
EDC
Fund Overpass
EDC
Fixed
Assets
EDC
Long Term
Debt
$ 4,046,262 $ $ $
479,643
271,274
4,668,528
55,403
$4,797,179 $ - $55,403 $4,668,528
8,544 $ $
9,996
18,528
4,650,000
18,540 4,668,528
55,403
4,778,639
4,778,639 - 55,403
$ 4,797,179 $ - $ 55,403 $ 4,668,528
Exhibit I-3
TOTAL
2001
2000
$ 4,046,262 $ 3,474,126
479,643
271,274
4,668,528
55,403
9,521,110
8,544
9,996
18,528
4,650,000
4,687,068
55,403
4,778,639
4,834,042
9,521,110
16,488
4,752,620
55,403
8,298,637
13,286
7,620
4,745,000
4,765,906
55,403
3,477,328
3,532,731
8,298,637
CITY OF PEARLAND, TEXAS
PEARLAND ECONOMIC DEVELOPMENT CORPORTATION (PEDC)
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCE
Year Ended September 30, 2001
with comparative totals for the Year Ended September 30, 2000
Operating Revenues
Sales Tax Revenue
Other Revenue
Total Operating Revenues
Operating Expenses
Economic Development
Personnel
Commodities
Contractual Services
Other Services
Capital Outlay
Debt Service
Total Expenitures
Revenues over Expenditures
Operating Transfers In (Out)
Operating Transfer to
Other Fund
Revenues and Other Sources.
Fund Balance - Beginning
Prior Period Adjustment
Retained Earnings (Deficit)
Ending
EDC
Exhibit I-4
Totals
Fund Overpass 2001
2,397,275
163,812
2,561,087
228,050
6,883
9,469
293,223
403,722
370,616
1,311,963
1,249,124
(110,000)
1,139,124
3,266,568
372,948
4,778,639
2,004
2,397,275
165,816
2000
1,841,918
415,199
2,004
2,563,091
2,257,117
228,050
6,883
9,469
293,223
403,722
370,616.
1,311,963
178,839
4,671
205,981
3,162
701,280
372,023
1,465,956
2,004.
(212,768)
(210,764)
210,764
1,251,128
(322,768)
928,360
3,477,332
372,948
4,778,639
791,161
(110,000)
681,161
2,796,167
3,477,328
CITY OF PEARLAND, TEXAS
Exhibit I-5
TIRZ #1 and TIRZ#2
COMPARATIVE BALANCE SHEET
September 30, 2001 and 2000
Edgewater Shadow Creek Total
TIRZ #1 TIRZ #2 2001 2000
Assets
Cash and cash equivalents $ 18,673 $ $ 18,673 $ 68,891
Investments
Total Assets 18,673 18,673 68,891
Liabilities and Equity
Liabilities
Due to Other Fund $ - $ 271,274 $ 271,274 $ 21,441
Equity
Total Liabilities 271,274 271,274 21,441
Undesignated
Total Liabilities and Equity
8,673 (271,274) (252,601) 47,450
$ 18,673 $ $ 18,673 $ 68,891
CITY OF PEARLAND, TEXAS
TIRZ#1 AND TII2Z #2
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
Operating Revenues
Other Revenue
Total Operating Revenues
Operatinu Expenses
TIRZ
Other services
Total Operating Expenses
Revenues over Expenditures
Fund Balance - Beginning
Fund Balance (Deficit) - Ending
Year Ended September 30, 2001
Edgewater
TIRZ #1
175,137
175,137
225,000
225,000
(49,863)
68,536
Shadow Creek
TIRZ #2
Exhibit 1-6
Totals
2001
2000
66,364
241,501
185,266
66,364
241,501
185,266
316,552
541,552
39,316
316,552
541,552
139,316
(250,188)
(21,086)
(300,051)
47,450
45,950
1,500
18,673 $ (271,274) $ (252,601)
47,450
Due During
Fiscal Year
Ending
Sept. 30,
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Totals
CITY OF PEARLAND, TEXAS
SCHEDULE OF COMPONENT UNIT FUNDS
DEBT SERVICE REOUIREMENTS TO MATURITY
September 30, 2001
Princial
Due
Sept. 1
100,000
185,000
200,000
210,000
220,000
235,000
300,000
320,000
340,000
360,000
385,000
410,000
435,000
460,000
490,000
4,650,000
Sales Tax Revenue Bonds
Series 1997 - $5,000,000
Interest
Due March 1,
September 1
267,570
260,370
247,050
232,650.
217,530
201,690
187,590
171,990
155,030
136,670
117,050
95,875
73,325
49,400
25,480
2,439,270
Exhibit I-7
Total
367,570
445,370
447,050
442,650
437,530
436,690
487,590
491,990
495,030
496,670
502,050
505,875
508,325
509,400
515,480
6,573,790
UNAUDITED STATISTICAL SECTION
109-
Fiscal Year
Ended
Sept. 30,
CITY OF PEARLAND, TEXAS
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION (1)
Last Ten Fiscal Years
General
Government
Pubhc
Safety
Public
Works
Community
Services
Debt
Service
Table 1
Total
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
1,591,133
1,709,983
1,831,204
1,998,228
2,316,013
2,357,621
2,834,021
3,685,523
3,580,693
4,217,744
2,467,920
2,890,899
3,100,156
3,445,100
3,865,449
4,238,647
5,026,554
5,695,956
5,944,516
6,692,138
2,293,754
3,514,225
3,312,929
3,798,607
4,112,939
4,334,123
4,925,693
5,137,708
5,635,397
5,974,667
(1) - Includes general governmental expenditures of the General Fund and Debt
Service. Fund.
464,376
501,733
777,059
881,211
1,185,426
1,137,045
1,543,440
1,580,624
1,762,770
2,043,620
2,361,609
2,547,354
2,254,696
2,044,453
2,430,097
2,451,033
3,273,010
3,209,693
3,064,038
3,275,682
9,178,792
11,164,194
11,276,044
12,167,599
13,909,924
14,518,469
17,602,718
19,309,504
19,987,414
22,203,851
Fiscal Year
Ended
Sept. 30,
(1)
(2)
(1)
Property
Taxes and
Penalties
(2)
Other
Taxes
CITY OF PEARLAND, TEXAS
GENERAL GOVERNMENTAL REVENUES BY SOURCE (11
Last Ten Fiscal Years
Licenses
and Permits
Fines and
Forfeitures
Charges
For
Services
Franchise
Fees
Inter-
governmental
Revenues
Other
Revenues
Table 2
Total
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
7,722,736
8,094,140
8,261,631
8,568,140
9,292,922
10,472,362
7,108,800
8,192,927
9,272,373
10,833,292
1,704,160
1,733,901
1,905,741
2,166,219
2,298,546
2,589,918
2,973,058
3,426,576
3,697,523
4,810,098
296,725
418,577
432,626
339,309
514,081
524,197
615,808
955,819
1,469,799
1,896,728
315,085
404,857
415,511,
415,378
459,884
529,152
576,856
675,691
731,959
1,115,488
1,089,194
1,182,274
1,425,741
1,553,765
1,648,617
2,508,087
2,960,214
3,061,545
856,641 3,202,767
Includes general governmental revenues of the General Fund and Debt
Service Fund.
- Primarily City Sales taxes.
1,077,130
1,050,451
1,109,374
1,026,007
1,016,069
1,498,788
1,703,715
1,943,545
2,022,789
2,303,730
107,987
78,882
246,414
197,764
345,674
489,860
15,000
371,742 12,603,066
311,959 13,103,079
463,971
809,141
523,188
722,189
678,232
692,481
896,730
939,532
13,879,115
14,828,817
15,904,869
18,182,987
16,510,230
19,337,113
21,167,718
24,842,788
Fiscal Year
Ended
Sept. 30,
1992
1993
1994
1995
1996
1997
1998
Total
Tax Levy (2)
4,943,097
5,218,769
5,224,050
5,316,625
5,869,525
6,343,113
7,062,826
Current Tax
Collections
4,832,158
5,141,839
5,020,687
5,229,939
5,790,544
6,235,954
6,957,153
1999 8,147,473 7,992,304
2000 9,174,224 9,022,542
2001 10, 864,049 10,609,654
CITY OF PEARLAND, TEXAS
PROPERTY TAX LEVIES AND COLLECTIONS (11
Last Ten Fiscal Years
Percent of
Current Taxes
Collected
97.76
98.53
96.11
98.37
98.65
98.31
98.50
98.10
98.35
97.66
Delinquent
Tax
Collections
60,002
96,234
11,520
63,318
62,365
70,983
74,969
96,094
119,461
179,483
(1 - A property tax system was initiated in the 1970-71 fiscal year. Taxes are
levied in August (or as soon thereafter as practicable) and become
delinquent on February I of each year. The City, in accordance with Section
33.07 of the Texas Property Tax Law Annotated 1982, imposes an additional
penalty of 15% beginning July 1 to defray cost of collection.
(2 - The total tax levy has been adjusted to reflect additions to and deletions
from the tax roll for prior years.
Total Tax
Collections
4,892,160
5,238,073
5,032,207
5,293,257
5,852,909
6,306,937
7,032,122
8,088,398
9,142,003
10,789,137
Percent of
Total Tax
Collections to
Total Tax Levy
98.97
100.37
96.33
99.56
99.72
99.43
99.57
99.27
99.65
99.31
Table 3
Percent of
Outstanding Delinquent
Delinquent Taxes to
Taxes Total Tax Levy
278,501
303,983
286,677
383,032
280,499
258,104
293,915
389,445
479,170
285,091
5.63
5.82
5.49
7.20
4.78
4.07
4.16
4.78
5.22
2.62
Fiscal Year
Ended
Sept. 30,
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
CITY OF PEARLAND, TEXAS
ASSESSED VALUE OF TAXABLE PROPERTY
Last Ten Fiscal Years
Real Property
532,082,340
555,963,400
593,577,620
646,643,658
722,600,850
774,645,420
857,952,469
998,492,267
1,145,678,437
1,381,514,173
Personal
Property
Note- Assessment date is January 1st of the tax year. Assessed value is 100%
of the estimated actual value.
Source- Tax department records of the City.
94,804,820
98,841,350
136,752,320
116,800,212
121,756,997
100,838,570
154,096,941
181,888,920
174,353,848
181,888,920
Table 4
Total
626,887,160
654,804,750
730,329,940
763,443,870
844,357,847
875,483,990
1,012,049,410
1,180,381,187
1,320,032,285
1,563,403,093
Fiscal
Year
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
CITY OF PEARLAND, TEXAS
PROPERTY TAX RATES -
DIRECT AND OVERLAPPING GOVERNMENTS (1)
Pearland
Independent
City of School
Pearland District
0.80
0.80
0.72
0.70
0.70
0.70
0.70
0.70
0.70
0.69
1.60
1.53
1.70
1.71
1.71
1.77
1.78
1.86
1.65
1.82
Last Ten Fiscal Years
Brazoria
County
0.32
0.36
0.36
0.36
0.36
0.36
0.36
0.36
0.40
0.40
Port of
Harris Houston
County Authority
0.32
0.33
0.34
0.36
0.41
0.42
0.42
0.37
0.35
0.38
Note: Property Tax rates based on per $100 of assessed valuation.
0.02
0.01
0.01
0.01
0.02
0.02
0.02
0.02
0.02
0.02
Harris
County
Flood
Control
0.06
0.06
0.06
0.06
0.08
0.08
0.08
0.03
0.06
0.05
Table 5
Harris County
Hospital
District
0.20
0.20
0.19
0.18
0.12
0.12
0.12
0.15
0.20
0.19
gayer
CITY OF PEARLAND, TEXAS
PRINCIPAL TAXPAYERS
September30, 2001
: Weatherford U.S.A., Inc.
2 : Reliant Energy
3 Southwestern Bell
4 Pearland Enclave Apt. LTD
5 Albertsons Inc.
6 Aggeko Inc.
7 Lowe's.Home Centers Inc.
8 . Home Depot USA Inc.
9 . Continental 34 Fund Ltd.
10 Phillips Petroleum CO
Total principal taxpayers
Others
Total
Source.
Tax department records of the Brazoria County
Type of Business
Oil Field Service, Rental &
Fishing Operation
Utility Company
Utility Company
Apartment complex
Supermarket
Mobil Temperature
Home improvement stores
Home improvement stores
Apartment
Oil Field Service
2000 Assessed
Value of
Property *
29,100,820
14,070,710
10,758,360
10,235,020
7,719,520
7,649,420
6,931,600
6,199,660
6,044,420
5,998,890
104,708,420
1,458,694,673
1 563,403,093
Table 6
Percentage of
Assessed
Valuation
1.86%
0.90
0.69
0.65
0.49
0.49
0.44
0.40
0.39
0.38
6.70
93.30
100.00
-115-
Fiscal
Year
CITY OF PEARLAND, TEXAS
PROPERTY VALUE, CONSTRUCTION, AND BANK DEPOSITS
September 30, 2001
Construction- B
Table 7
Bank Property
Deposits -A Value - C
1992 40,648,928 175,680,243 617,887,160
1993 47,503,523 190,640,375 654,840,750
1994 50,962,332 194,173,827 730,329,940
1995 44,521,636 * 763,443,870
1996 47,357,024 * 844,357,847
1997 126,940,074 * 912,663,450
1998 95,711,203 * 1,020,836,821
1999 106,475,930 * 1,310,608,180
2000 248,015,927 * 1,320,032,285
2001 236,902,344 * 1,563,403,093
Note A- Bank deposits are as reported by Texas Bankers Associations at the preceding December 31.
Note B - Inspection department records to the City.
Note C - Tax departmentrecords of the City.
* Information not available
CITY OF PEARLAND, TEXAS
RATIO OF NET GENERAL LONG-TERM DEBT
TO ASSESSED VALUE AND NET LONG-TERM DEBT PER CAPITA
Fiscal Year
Ended Estimated
Sept. 30, •Population "
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
23,016
23,016
27,942
27,942
30,000
36,000
37,000
37,535
39,000
40,700
Net Assessed
Value
(in Thousands)
1,268,906
1,329,410
1,411,711
1,494,202 25,810,000
1,563,037 24,810,000
1,624,015 35,350,000
Last Ten Fiscal Years
Gross
Long -Term
Debt (1)
1,012,049
1,180,381
1,320,032
23,398,361
24,385,000
21,765,000
34,820,139
33,456,209
30,351,250
1,563,403 28,364,724
(1) - Includes all general obligation bonds, certificates of obligation, and
obligations under capital leases at fiscal year end.
* Source:
1989 Reliant Energy
connections (City records) times 3.19 less vacancy rate of 6.3%
1990 Bureau of Statistics
1991-98 Bureau of Statistics plus Houston Lighting and Power connections times
3.19 less vacancy rate of 6.3%
Debt Service
Monies
Available
Net
Long -Term
Debt
1,792,917 21,605,444
1,953,703 22,431,297
2,036,915 19,728,085
2,173,995 23,636,005
2,435,712 22,374,288
2,141,816 33,208,184
273,742 34,546,397
208,324 33,247,885
681,148 29,670,102
1,544,987 26,819,737
Ratio of Net
Long -Term
Debt to
Assessed
Value
1.70
1.69
1.40
1.58
1.43
2.04
3.41
2.82
2.25
1.72.
Table 8
Net
Long -Term
Debt
Per Capita
939:
975
706
846
746
922
934
886
761
659
Fiscal
Year Ended
Sept. 30
CITY OF PEARLAND, TEXAS
Table 9
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES
FOR GENERAL LONG-TERM DEBT TO
TOTAL GENERAL GOVERNMENTAL EXPENDITURES AND LEGAL DEBT LIMITS
Principal
Last Ten Fiscal Years
Ratio of
Interest Total Debt Service
and Final Total Debt General to Total
Agent Fees Service Expenditures (1) Expenditures
1992 1,000,237 1,361,372 2,361,609 9,178,792
1993 1,243,361 1,303,993 2,547,354 11,163,194
1994 1,100,000 1,154,694 2,254,694 11,267,042
1995 955,000 1,089,453 2,044,453 12,167,599
1996 1,010,000 1,420,097 2,430,097 13,909,924
1997 1,200,000 1,251,033 2,451,033 14,518,469
1998 1,280,000 1,993,010 3,273,010 17,586,532
1999 1,440,000 1,769,693 3,209,693 19,309,504
2000 1,605,000 1,468,461 3,073,461 19,987,414
2001 1,680,000 1,558,652 3,238,652 22,203,851
(1) - Includes general governmental expenditures of the General Fund and Debt Service
Fund.
The City is permitted, by Article XI, Section 5, of the State of Texas Constitution and the City Charter.
to levy property taxes up to $2 50 per $100 of assessed valuation for general governmental services.
Within the $2 50 maximum levy, there is no legal limit upon the amount of property taxes which can
be levied for debt service. The property tax rates to finance general governmental services and debt
service for the 2000-2001 tax year were $.43500 and $.26000, respectively, per $100 of assessed valuation.
26
23
20
17
17
17
19
17
15
15
CITY OF PEARLAND, TEXAS
COMPUTATION OF DIRECT & INDIRECT DEBT
September 30, 2001
Taxing Jurisdiction
Brazoria.County
Harris County
Debt
27,199,761
890,829,545
Pearland Independent School District. 171,756,247
Port of Houston Authority 324,705,000
Harris County Flood Control 108,994,629
Total Overlapping Debt
City of Pearland 81,845,000
Total Direct and Overlapping Debt
Population
Per Capita Debt -Direct and Overlapping
Gross Overlapping
Percentage
6.97%
0.02%
70.29%
0.02%
0.02%
100.00%
Table 10
Amount
1,895,823
178,166
120,727,466
64,941
21,799
122,888,195
81,845,000
204,733,195
40700
5,030
CITY OF PEARLAND, TEXAS
DEMOGRAPHIC STATISTICS
Last Ten Fiscal Years
Table 11
Fiscal
Year Ended Estimated School Unemployment
Sept. 30, Population (1) Enrollment (2) Percentage (3)
1991 18,750 6,950 2.60 %
1992 23,016 7,500 2.50 %
1993 23,016 7,555 3.20 %
1994 27,942 8,138 3.80 %
1995 27,942 8,600 3.70 %
1996 30,000 8,900 3.60 %
1997 36,000 9,300 3.90
1998 37,000 9,200 4.50 %
1999 37,535 9,500 : 4.60 %
2000 39,000 9,700 3.60 %
2001 40,700 11,170 3.70 %
Sources:
Estimated Population -
The Pearland Economic Development Corporation
School enrollment figures were obtained from Pearland Independent School
Distnet and includes kindergarten through college students.
Unemployment statistics for the City were obtained from the Texas
Workforce Commission and calculated as a percentage of unemployed to
employable.
CITY OF PEARLAND, TEXAS
MISCELLANEOUS STATISTICAL DATA
September 30, 2001
Date of incorporation December 1959
Form of government Council/Manager
Area . 31.3 square miles
Fire Protection:
Number of stations
Number of certified personnel, not including reserve firefighters
Number of fire vehicles
Police Protection:
Number of stations 1
Number of commissioned officers, not including P.S.O. or reserve officers 106
Number of patrol vehicles 74 (home fleet program)
Recreation:
Number of parks
Acres
Number of pools
Number of tennis courts 9
Softball fields 4
Pavilions 1 large & 4 small
Community Center 1
Activity Building
Table 12
Page 1 of 2
Education:
Pearland Independent School District
Number of teachers
Number of students
Elementary Schools
Middles School
Junior High
High School
4.
50
16
8
111
702
11,170
7
2
2
1
CITY OF PEARLAND, TEXAS
MISCELLANEOUS STATISTICAL DATA
September 30, 2001
City Employees:
Full-time employees 249
Part-time employees 44
293
Election:
Number of votes cast
Last general election
Last city election
2,411
06/02/01
Water:
Number of wells 10
Average daily consumption 5,500,000 gallons
Maximum daily consumption 10,000,000 gallons
Water mains 180 miles
Number of connections 11,780
Sewer:
Number of plants 3
Liftstations 65
Average daily capacity 7,750,000 gallons
Maximum daily consumption 28,000,000 gallons
Sanitary sewer mains 170 miles
Number of connections 11,200
Emergency Medical Services:
Number of volunteers 23
Number of paid paramedics 34
Number of stations 1
Number of vehicles 7
Library
Number of buildings 1
Number of cardholders 28,000
Number of books in library 89,000
Table 12
Page 2 of 2
I
I
City of Pearland
Interim Financial Statements
For Period Ending February 28, 2001
I
I
MEMORANDUM
March 30, 2001
To Alan Mueller, Interim City Manager
From Jim Ca , erector of Finance
Subject Monthl ancial Statements for the period ending February 28, 2001
This report displays financial data for the partial year October 1, 2000 through February 28,
2001 At this point in time we are five months into our current fiscal year, and we should have
collected 41 7% of our revenue, and expended a like amount of operating budget funds. That
assumption holds true throughout this report, except for those revenue and expense items that do
not occur in a ratable fashion. In such cases we have replaced the monthly pro-rata budget with
a cyclical budget based on historical financial data. We use these cyclical budgets in both
revenue and expense budgets where appropnate.
These reports have been analyzed to forecast the financial position of the City at year-end, and to
determine if the budget is serving its purpose as an integral part of our internal control structure.
We use the variances of actual revenues and expenses compared to budgeted revenues and
expenses, for this interim period, to project ending increases or decreases in fund balances at
year end. We have also reviewed the revenue budgets and analyzed variances that may have a
matenal effect on the over-all revenue budget. Departmental expense budgets have been
scrutinized for all negative variances, and explanations for the entire fund are included.
The results of that analysis preformed on a fund-by-fund basis follow.
General Fund
The General Fund is the chief operating fund of the City, and accounts for all transactions except
for those required to be accounted for in another fund. This fund is comprised of only one fund
known as the general fund and coded as 010
Revenue
Property Tax Negative Variance- This variance grew much smaller
during the month of February Revenue will closely
approximate the budget by year-end.
Other(Sales) Tax Positive Variance- Sales tax rebates are slightly above
budget at this point, and are projected to be approximately
$120,000 over budget by year-end.
1
Licenses and Permits Positive Variance- Increased building activity Projection
for year-end indicates the positive variance will be in
excess of$400,000
Fines and Forfeiture Positive Variance will hold throughout year
Franchise Fees Positive variance now and, will be very close to budget by
year-end.
Charges for Services Negative Variances now, Sanitation revenue approximately
5% behind budget.
Intergovernmental revenue Positive Variance, should hold throughout year
Other Revenues Positive Variance will probably continue to grow for
remaining part of year
General Fund Total Revenue Positive Variance- Over-all the fund is over collecting the
budget by$518,626 excluding property taxes for the
reasons noted earlier in this letter Should this positive
trend hold for the rest of the year, as we think it will, this
number will grow to over $700,000
Expenditures
Of the 28 departments in this fund 4 have exceeded the departmental year to date budget, none
have exceeded the annual departmental budget amount. Overall the entire fund has a positive
expenditure variance at the present of$1,218,973 As we approach the year-end this positive
variance may shrink as year-end accruals and final transfers are made. We estimate it will end at
an approximately$300,000 positive variance.
Fund Balance
The fund balance in the General Fund was $5,243,512 at October 1, 2000 Current variances
indicate that this balance will grow by about $1,000,000 to $6,243,512 by September 30, 2001
Propriety/Enterprise Funds
Water and Sewer Funds
The Water and Sewer Fund is a part of the Proprietary Fund group and is an Enterprise fund.
This means that our intent is to operate the fund in a manner similar to a private business, and
costs (including depreciation) are covered by user fees. The fund contains the following separate
funds. (030) Water and Sewer, (042)Utility Impact Fee, (066) Shadow Creek Utility Impact Fee,
(057) Southwest Environmental Project, and(064) CO's 1998
1
Revenue Water and Sewer revenue is $38,097 above this year's
budget estimates.
Expenditures Expenditures at the present are showing a positive vanance
of$523,648
Fund Balance
The Water and Sewer Fund Balance is projected to increase by over$500,000 at September 30,
2001
Debt Service Funds
The Debt Service Fund is used to accumulate resources with which we will pay future bond
principle, interest, and bank services charges related to our long-term financings. The fund is
comprised of only one fund(020) Debt Service.
Revenue Negative vanance due to the changing pattern of
collections attributed to the change in Tax Collectors
Total variance is projected to be minimum at year-end.
Expenditures No variance projected at year-end, unless bond issues are
smaller than budgeted.
Fund Balance
The Debt Service Fund started the year with a fund balance of$722,526 and this number will be
basically unchanged at year-end, except for the possibility mentioned above.
Special Revenue Funds
This fund contains the(043)Regional Detention, (045)Hotel and Motel Tax, (060), Police, (062)
Federal Police, (063) Community Services, (046 & 047)Parks Donations and(101) Grant Funds.
These funds all contain revenues that are "earmarked" for specific purposes.
Primary revenues flowing into this fund so far this year have been, Hotel/Motel Tax, Park Land
Fees, Grants and Interest Income.
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Capital Projects Funds
This fund contains the(041) Street Assessment, (050) Capital Projects, (053) Roads and Bridges,
(054) Library, (058) Capital Improvement 1997 and (061) CO's 1997 Funds. They are all used
to account for financial resources to be used for the acquisition or construction of capital items.
Revenue sources for this fund have been, interest income and transfer from the General Fund for
capital purchases Expenditures are for the active capital projects at this time
Pearland Economic Development Corporation Funds
Revenue Revenue is $34,145 over budget.
Expenditures Expenses are projected to be below budget at the end of the
fiscal year
Fund Balance
The Corporation should increase its retained earnings balance at year-end.
Conclusion
With 41 7% of the fiscal year covered by this report we can project that the City will end the year
with increases in all fund balances, and all fund balance reserve goals are met.
CC Mayor and City Councilmembers
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General Purpose Financial Statement
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CITY OF PEARLAND, TEXAS
COMBINED BALANCE SHEET-
ALL FUND TYPES AND ACCOUNT GROUPS
Period Ended February 28,2001
with comparative totals for September 30,2000
Proprietary
Governmental Fund Types Fund Type
Special Debt Capital Enterprise
General Revenue Service Projects Fund
Assets and Other Debits
Assets
Cash and cash equivalents $ 10,358,376 $ 593,849 $ 1,843,715 $ 4,813,472 $ 15,804,019
Receivables:
Property taxes 319,546 - 159,623 - -
Accounts Receivable 279,983 - - 242,179 658,776
Less:Allowance for estimated uncoil. (63,008)' - - - (84,603)
Assessments - - - - -
Accrued interest 31,943 88 - 3,826 142,751
Due from other funds 63,008 50,569 - - 31,549
Inventories 51,678 - - - -
Restricted assets - - - - -
Cash and cash equivalents - - - - -
Deferred charges - - - - -
Construction in progress - - - - 7,775,780
Fixed assets(net where applicable - - - - -
of accumulated depreciation) - - - - 12,964,307
Bond issurance cost net amort. - - - - 8,108,332
Other Debits
Amount available for debt service - - - - 1,521,177
Amount to be provided for retirement of - - - - 9,493,251
general long-term debt
Total Assets and Other Debits $ 11,041,526 $ 644,506 $ 2,003,338 $ 5,059,477 $ 56,415,339
Liabilities,Equity,and Other Credits
Liabilities
Accounts payable $ 492,038 $ 1,364 $ - $ 39,107 $ 515,429
Accrued expenses - - - - 90,700
Due to other funds 82,118 - - - 63,008
Security deposits - - - - 565,061
Accrued compensated absences 164,186 - - - 171,675
Deferred revenue 319,546 - 159,623 15,966 (166,408)
Current portion - - - - -
Certificates of obligation - - - - -
Revenue bonds-less current portion - - - - 33,725,000 4
Obligations under capital leases - - - - -
General obligation bonds - - - - -
Total Liabilities 1,057,889 1,364 159,623 55,073 34,964,465
Equity and Other Credits
Contributed capital $ - $ - $ - $ - $ 16,021,810
Investment in general fixed assets - - - - -
Retained earnings - - - - 714,317
Fund Balances:
Reserved for encumbrances 294,544 55,347 - 2,221,381 4,714,747
Unreserved:
Designated for debt service - - 1,843,715 - -
Designated for subsqt.years'expenditures - 587,795 - - -
Undesignated 9,689,094 - - 2,783,023 -
Total Equity and Other Credits 9,983,638 643,142 1,843,715 5,004,404 21,450,873
Total Liabilities,Equity,and Other Credits $ 11,041,526 $ 644,506 $ 2,003,338 $ 5,059,477 $ 56,415,339
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Total Primary Component
Account Groups Government Units Totals
General General Long- (Memorandum TIRZ (Memorandum Only)
Fixed Assets Term Debt Only) P.E.D.C. 1,2 Jan 31,2001 2000
1
$ - $ - $ 33,413,431 $ 3,670,273 $ 21,327 $ 37,105,031 $ 44,227,152
- - 479,169 - - 479,169 479,170
- - 1,180,938 - - 1,180,938 1,761,216
- - (147,611) - - (147,611) (147,611)
- - - - 250,000 250,000 242,178
- - 178,608 16,488 - 195,096 195,096
1 - - 145,126 - - 145,126 674,041
- - 51,678 - - 51,678 51,678
- - - - - - 425,136
- - - - - - 510,640
- - 7,775,780 - - 7,775,780 -
49,334,278 - 62,298,585 55,403 - 62,353,988 78,263,007
- 8,108,332 - - 8,108,332
273,741 1,794,918 - - 1,794,918 722,526
30,583,036 40,076,287 4,752,620 - 44,828,907 38,584,414
$ 49,334,278 $ 30,856,777 $ 155,355,242 $ 8,494,784 $ 271,327 $ 164,121,353 $ 165,988,643
$ - $ - $ 1,047,938 $ 15,664 $ - $ 1,063,602 $ 2,560,307
- 90,700 - - 90,700 404,029
145,126 - - 145,126 610,015
-
- 565,061 - - 565,061 528,630
1,215,529 1,551,390 7,620 - 1,559,010 1,441,592
- - 328,727 - - 328,727 510,735
15,875,000 15,875,000 4,745,000 - 20,620,000 17,525,000
II -
- - 33,725,000 - - 33,725,000 33,725,000
381,248 381,248 - - 381,248 826,209
13,385,000 13,385,000 - - 13,385,000 19,850,000
0 30,856,777 67,095,191 4,768,284 0 71,863,475 77,981,517
$ - $ - $ 16,021,810 $ - $ - $ 16,021,810 $ 16,524,351
49,334,278 - 49,334,278 55,403 - 49,389,681 49,389,680
- 714,317 - - 714,317 10,361,051
- - 7,286,019 7,174 806,600 8,099,793 2,555,094
- - 1,843,715 - - 1,843,715 722,526
- - 587,795 - - 587,795 3,458,006
- - 12,472,117 3,663,923 (535,273) 15,600,767 4,996,418
49,334,278 - 88,260,051 3,726,500 271,327 92,257,878 88,007,126
$ 49,334,278 $ 30,856,777 $ 155,355,242 $ 8,494,784 $ 271,327 $ 164,121,353 $ 165,988,643
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CITY OF PEARLAND TEXAS
COMBINED BALANCE SHEET
ALL GOVERNMENTAL FUND TYPES
Period Ended February 28,2001
Goi
General
Assets and Other Debits
Assets
Cash and cash equivalents $ 10,358,376
Investments -
Receivables:
Property taxes 319,546
Accounts Receivable 279,983
Less.Allowance for estimated uncollectibles (63,008)
Assessments -
Accrued interest 31,943
Due from other funds 63,008
Inventories 51,678
Restricted assets -
Bond issurance cost net amort.
Other Debits
Amount available for debt service -
Total Assets and Other Debits $ 11,041,526
Liabilities,Equity,and Other Credits
Liabilities
Accounts payable $ 492,038
Due to other funds 82,118
Security deposits -
Accrued compensated absences 164,186
Deferred revenue 319,546
Current portion -
General obligation bonds - ,
Total Liabilities 1,057,889
Equity and Other Credits
Fund Balances.
Reserved for encumbrances (294,544)
Reserved for inventories and prepaid items -
Unreserved:
Designated for debt service -
Designated for New Industry -
Designated for subsequent years'expenditures -
Undesignated 10,278,182
Total Equity and Other Credits 9,983,638
Total Liabilities,Equity,and Other Credits $ 11,041,526
I
ivernmental Fund Types
Special Debt Capital TOTAL
Revenue Service Projects
$ 593,849 $ 1,843,715 $ 4,813,472 $ 17,609,412
- 159,623 - 479,169
- - 242,179 522,162
-
(63,008)
88 - 3,826 35,857
50,569 - - 113,577
- - 51,678
$ 644,506 $ 2,003,338 $ 5,059,477 $ 18,748,848
$ 1,364 $ - $ 39,107 $ 532,509
- - 82,118
- - - 164,186
- 159,623 15,966 495,135
1,364 159,623 55,073 1,273,949
55,347 - 2,221,381 1,982,184
- 1,843,715 - 1,843,715
587,795 - - 587,795
2,783,023 13,061,205
643,142 1,843,715 5,004,404 17,474,899
$ 644,506 $ 2,003,338 $ 5,059,477 $ 18,748,848
II
CITY OF PEARLAND, TEXAS 1
COMBINED STATEMENT OF REVENUES,EXPENDITURES,AND
CHANGES IN FUND BALANCES-
ALL GOVERNMENTAL FUND TYPES
Period Ended February 28,2001
Governmental
Special
General Revenue
Revenues
Property taxes and penalties $ 6,018,730 $ -
Other taxes 1,852,996 26,773
Licenses and permits 676,197 -
Fines and forfeitures 347,185 13,755
Franchise fees 1,105,859 -
Charges for services 1,241,990 146,300
Intergovernmental revenues 47,332 -
Other revenues 291,000 11,264
Interest earned - 11,154
Total Revenues 11,581,289 209,246
Expenditures
Current(see note below):
Salary& Wages 3,803,798 -
Materials& Supplies 276,656 -
Expense 2,585,379 -
Services 143,533
Non-Operating Expenses 508,113 2,271
Capital Outlay&Capital improvements - 23,762
Debt Service: - -
Principal retirement - -
Interest and fiscal charges - -
Total Expenditures 7,173,945 169,566
Revenues Over(Under)Expenditures 4,407,344 39,680
Other Financing Sources(Uses)
Transfer in from Water& Sewer 291,665 -
Transfer in from Eco. Develop 45,833 -
Transfer in from PEDC - -
Transfer out to General Fund - -
Proceeds from lease financing - -
Total Other Financing Sources(Uses) 337,498 - 41
Revenues and Other Financing Sources
Over(Under)Expenditures and
Other Financing(Uses) 4,744,842 39,680
Fund Balances-Beginning 5,238,796 603,462
Fund Balances-Ending $ 9,983,638 $ 643,142
(Note:In the column of Totals Memorandum Only of the year 2000
the categories are grouped as follow General Government,
Public Safety,Public Works and Community Services).
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Fund Types Totals
Debt Capital (Memorandum Only)
Service Projects 2001 2000
$ 3,582,561 $ - $ 9,601,291 $ 9,344,578
- - 1,879,769 3,745,460
- - 676,197 1,469,799
10,811.23 - 371,751 731,959
- - 1,105,859 2,022,789
- I44,887 1,533,177 3,061,545
0 - 30,000 77,332 15,000
- 118,729 420,993 2,652,225
42,538 115,415 169,107 -
3,635,911 409,031 15,835,477 23,043,355
- - 3,803,798 3,971,861
- - 276,656 5,952,191
(2,553) - 2,582,825 5,632,183
143,533 -
- - 510,384 1,781,610
- 731,470 755,232 1,679,600
1,680,000 - 1,680,000 1,605,000
837,276 - 837,276 1,459,038
2,514,723 731,470 10,589,704 22,081,483
1,121,189 (322,439) 5,245,773 961,872
- - 291,665 1,353,081
- - 45,833 110,000
- 212,768 212,768 -
- - - (664,992)
- - 151,676
/ - 212,768 550,266 949,765
1,121,189 (109,671) 5,796,039 1,911,637
722,526 5,114,075 11,678,859 9,994,654
$ 1,843,715 $ 5,004,404 $ 17,474,899 $ 11,906,291
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CITY OF PEARLAND OF TEXAS
COMBINED BALANCE SHEET-
ALL PROPRIETARY FUNDS(ENTERPRISE FUNDS)
Period Ended February 28,2001
Proprietary Funds Types
Enterprise Enterprise Total
Fund(W& S) Projects
Assets and Other Debits
Assets
Cash and cash equivalents $ 2,757,892 $ 13,046,127 $ 15,804,020
Receivables:
Accounts Receivable 658,306 470 658,776
Less.Allowance for est. uncollect. (84,603) - (84,603)
Assessments - - - '
Accrued interest 12,115 130,636 142,751
Due from other funds 31,549 - 31,549
Deferred charges - - -
Construction in progress - 7,775,780 7,775,780
Fixed assets(net where applicable of accum.depre.) 12,227,371 736,936 12,964,307
Bond issurance cost net amort. - 8,108,332 8,108,332
Other Debits
Amount available for debt service - 1,521,177 1,521,177
Amount to be provided for retirement - 9,493,251 9,493,251
of general long-term debt - - -
Total Assets and Other Debits $ 15,602,630 $ 40,812,709 $ 56,415,339
Liabilities,Equity,and Other Credits
Liabilities
Accounts payable $ 121,685 $ 393,744 $ 515,429
Accrued interest expenses 34,071 56,629 90,700
Due to other funds 63,008 - 63,008
Security deposits 565,061 - 565,061
Accrued compensated absences 171,675. - 171,675
Deferred revenue (208,009) 41,602 (166,408)
Certificates of obligation - - - 1
Revenue bonds-less current portion 8,675,000 25,050,000 33,725,000
Obligations under capital leases - - -
General obligation bonds - - -
Total Liabilities 9,422,491 25,541,975 34,964,465
Equity and Other Credits
Contributed capital 11,723,901 4,297,909 16,021,810
Investment in general fixed assets - - -
Retained earnings (5,677,834) 6,392,151 714,317
Fund Balances:
Reserved for encumbrances 134,072 4,580,675 4,714,747
Unreserved:
Undesignated - - -
Total Equity and Other Credits 6,180,139 15,270,734 21,450,873
Total Liabilities,Equity,and Other Credits $ 15,602,630 $ 40,812,709 $ 56,415,339 ,
CITY OF PEARLAND, TEXAS
COMBINED STATEMENTS OF REVENUES,EXPENSES,AND
CHANGES IN RETAINED EARNINGS-
ALL PROPRIETARY FUND TYPES(ENTERPRISE FUND)
Period Ended February 28,2001
Propriety Funds Types
Enterprise Enterprise Total
Fund(W&S) Projects
Operating Revenues
Water& sewer sales and services $ 2,647,890 $ - $ 2,647,890
Impact fees - 1,719,017 1,719,017
Others 16,210 - 16,210
Total Operating Revenues 2,664,100 1,719,017 4,3 83,117
p Operating Expenses
Personel 640,461 - 640,461
Material& Supplies 239,824 - 239,824
Maintenance 201,403 - 201,403
Service 633,851 117,977 751,828
Debt service 395,104 348,116 743,220
Capital outlays 220,608 3,287,108 3,507,716
Capital improvements - 311,404 311,404
Other charges 63,917 - 63,917
Total Operating Expenses 2,395,168 4,064,605 6,459,773
Operating loss before depreciation 268,932 (2,345,588) (2,076,656)
Depreciation - - -
Operating Income(Loss) 268,932 (2,345,588) (2,076,656)
Non-Operating Revenue
Earnings on investments - 518,780 518,780
Bond Proceeds - - -
Interest earned 47,499 - 47,499
' Total Non-Operating Revenues(Expenses) 47,499 518,780 566,279
Income Before Operating Transfers 316,431 (1,826,808) (1,510,377)
Operating Transfers In(Out)
Operating Transfer from General Fund - - -
Operating Transfer from Water and Sewer - - -
Interdepartmental charges (8,657) - (8,657)
Operating Transfer To Other Funds (291,665) - (291,665)
16,109 (1,826,808) (1,810,699)
Retained Earnings-Beginning 6,164,030 17,097,542 23,261,572
Retained Earnings-Ending $ 6,180,139 $ 15,270,734 $ 21,450,873
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CITY OF PEARLAND
COMBINE BALANCE SHEET-
ALL COMPONENT UNITS
Period Ended February 28,2001
Total Total
P.E.D.0 & Overpass TIRZ
Assets and Other Debits
Assets
Cash and cash equivalents $ 3,670,273 $ 21,327
Investments(short-term) - -
Receivables:
Property taxes - -
Accounts Receivable - 250,000
Less:Allowance for estimated uncollectibles - -
Assessments - -
Accrued interest 16,488 -
Due from other funds - -
Inventories - -
Deferred charges - -
Construction in progress - -
Fixed assets(net where applicable of accum. depre.) 55,403 -
Other Debits
Amount available for debt service - -
Amount to be provided for retirement of 4,752,620 -
general long-term debt - -
Total Assets and Other Debits $ 8,494,784 $ 271,327
Liabilities,Equity, and Other Credits
Liabilities
Accounts payable $ 15,664 $ -
Accrued expenses - -
Security deposits - -
Accrued compensated absences 7,620 -
Certificates of obligation 4,745,000 -
General obligation bonds - -
Total Liabilities 4,768,284 -
Equity and Other Credits
Contributed capital - -
Investment in general fixed assets 55,403 - 1
Retained earnings - -
Fund Balances: - -
Reserved for encumbrances 7,174 806,600
Unreserved: - -
Designated for debt service - -
Undesignated 3,663,923 (535,273)
Total Equity and Other Credits 3,726,500 271,327
Total Liabilities,Equity,and Other Credits $ 8,494,784 $ 271,327
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I
CITY OF PEARLAND, TEXAS
COMBINED STATEMENTS OF REVENUES, EXPENSES,AND
CHANGES IN RETAINED EARNINGS-
ALL COMPONENT UNITS P.E.D.C.AND TIRZS
Period Ended February 28,2001
Component Units
P.E.D.C. & Overpass TIRZ 1 &2
Operating Revenues
Other revenue $ - $ 38,209
' Sales tax 922,725 -
Property taxes 199,743
Other revenue - -
1 Total Operating Revenues 922,725 237,952
Operating Expenses -
Salary& Wages 76,793 -
Materials & Supplies 1,275 -
Maintenance 1,182 -
Services 104,960 16,768
Other Charges 3,000 -
Capital Outlay 216,138 -
Total Operating Expenses 403,348 16,768
Operating Income Before Depreciation 519,377 221,184
Depreciation - -
Operating Income(Loss) 519,377 221,184
Non-Operating Revenue/(Expenses)
Bond Proceeds - -
Interest and fiscal charges 70,198 2,694
Debt services (137,205) -
Total Non-Operating Revenues(Expenses) (67,007) 2,694
Income Before Operating Transfers 452,370 223,878
Operating Transfers In(Out)
1 Operating Transfer from General Fund - -
Transfer to Capital Project (212,768) -
Operating Transfer out (45,833) -
Net Income(Loss) 193,769 223,878
Retained Earnings-Beginning 3,532,731 47,450
Retained Earnings-Ending $ 3,726,500 $ 271,327
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Individual Fund Statements
Budget Comparisons
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CITY OF PEARLAND
GENERAL FUND
SCHEDULE OF REVENUES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Revenues Variance
Property Taxes and Penalties $ 7,013,350 $ 6,619,294 $ 6,018,730 $ (600,564)
Other Taxes 4,237,800 1,789,774 1,852,996 63,222
IILicenses and Permits 1,097,500 397,430 676,197 278,767
Fines and Forfeitures 759,700 278,775 347,185 68,410
Franchise Fees 2,012,000 1,074,434 1,105,859 31,425
Charges for Services 3,273,550 1,302,311 1,241,990 (60,321)
Intergovernmental Revenues 130,000 45,228 47,332 2,104
Other Revenues 639,775 155,984 291,000 135,016
Total Revenues $ 19,163,675 $ 11,663,230 $ 11,581,289 $ (81,941)
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4
CITY OF PEARLAND
GENERAL FUND
SCHEDULE OF REVENUES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Revenues Variance
Property Taxes-current $ 6,832,600 $ 6,547,799 $ 5,939,224 $ (608,575)
Property Taxes- delinquent 70,000 29,854 60,159 30,305
Penalties and Interest 40,000 12,963 17,914 4,951
Attorney Fees 20,000 750 - (750)
Shadowcreek Prop Adj 50,000 7,098 - (7,098)
Misc. Tax Revenue 750 20,830 1,433 (19,397)
Property Taxes and Penalties 7,013,350 6,619,294 6,018,730 (600,564) 41
City Retail Sales Tax 4,225,000 1,783,796 1,845,450 61,654
City Retail Sales Tax Discount 800 330 357 27
State Beverage Tax 12,000 5,648 7,190 1,542
Other Taxes 4,237,800 1,789,774 1,852,996 63,222
Building Permits 530,000 161,500 300,359 138,859
Electrical Permits 65,000 23,448 34,181 10,733
Plumbing&Gas Permits 75,000 23,311 44,943 21,632
Platting Fees 50,000 18,181 20,503 2,322
Mechanical Permits 50,000 18,949 40,467 21,518
Beer Permits 3,500 1,220 1,370 150
Moving Permits 8,000 3,029 3,200 171
Garage Sale Permits 17,000 5,555 5,955 400
Electrical Licenses 13,500 11,007 13,240 2,233
Animal Licenses 15,000 5,198 3,384 (1,814)
Peddlers& Solicitors 1,000 421 1,285 864
Health Certicate Fees 20,000 14,848 13,155 (1,693)
Wrecker Permits 4,000 3,700 100 (3,600)
Culvert Permits 2,500 811 1,376 565
Building Plan Check Fee 200,000 83,330 167,336 84,006
Occupancy Permits 2,000 920 1,100 180
Plan&Zone Board of Adj. 10,000 3,019 7,315 4,296 41
Demolition Permits 200 41 - (41)
Kennel Licenses - - - -
Bldg. Site Work Permit 20,000 14,392 11,180 (3,212)
Alarm Permits 2,500 1,094 1,500 406
Reinspec. Fee/Inspection 1,000 646 300 (346)
Sign Permits 4,000 1,625 1,841 216
Health-Mobile unit - - - -
Health-Employees 1-5 - - - -
Health-Registration 1 Yr 1,300 407 578 171
Health-Registration 2 Yr 2,000 778 1,530 752
Licenses and Permits 1,097,500 397,430 676,197 278,767
Child Safety-Harris Co. 1,700 658 699 41
41
I
CITY OF PEARLAND
GENERAL FUND
SCHEDULE OF REVENUES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Revenues Variance
Mun. Court Bldg. Security 18,000 6,666 (14) (6,680)
Fines 740,000 271,451 346,500 75,049
Fines and Forfeitures 759,700 278,775 347,185 68,410
Gas 72,000 72,000 88,884 16,884
Electric Utility 1,150,000 654,567 758,417 103,850
1 Telephone Company 300,000 140,504 55,857 (84,647)
Cable Television 125,000 64,711 65,651 940
Sanitation 365,000 142,652 137,050 (5,602)
Franchise Fees 2,012,000 1,074,434 1,105,859 31,425
False Alarm Fee - - - J -
GPS-Disk - - - -
Clean Pearland Bldg. Rent 2,400 1,000 822 (178)
Tax Substation Bldg Rent - - 1,416 1,416
Basketball Programs 8,500 3,346 2,388 (958)
Trash Revenue 2,400,000 993,162 934,754 ,(58,408)
Sanitation Billing Fee 135,000 51,701 46,294 (5,407)
MUD/EMS/Fire Collections 55,000 21,503 30,267 8,764
Animal Shelter 20,000 8,452 7,953 (500)
Disposal of Animals 3,500 983 2,350 1,367
Police Programs 50 20 24 4
Fingerprint Fees 500 205 285 80
Tennis Programs 4,500 807 1,987 1,180
Recreation Programs 100,000 36,633 30,272 (6,361)
Learn to Swim Programs 20,000 - (12) (12)
Community Building Rental 38,000 16,467 12,340 (4,127)
Senior Citizens Programs 3,000 1,243 1,808 565
Swimming Pool Fees 15,000 - - -
Pool Rental 3,500 81 - (81)
1 Pavilion Rental 2,500 - 20 20
Ambulance Service Fee 350,000 130,909 132,549 1,640
Rental Gazebo&Pavilion 6,000 1,416 1,059 (357)
Soccer Program 35,000 8,965 5,957 (3,008)
Softball Program 55,000 15,544 17,752 2,208
Barbeque Shelter Rental 3,000 598 (300) (898)
Winter Fest 12,000 8,671 11,112 2,441
Dog Trot 1,000 545 895 350
Pool Locker Fee 100 60 - (60)
a Charges for Services 3,273,550 1,302,311 1,241,990 (60,321)
Grant-Police Department 69,000 29,978 42,010 12,032
Grant-Gal. Co. Task Force 46,000 11,500 - (11,500)
Grant- Forestry Program - - -
Emergency Mgmt. Asst Grant - - -
r
r
CITY OF PEARLAND
GENERAL FUND
SCHEDULE OF REVENUES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Revenues Variance
Grant- E.M.S 15,000 3,750 5,322 1,572
Intergovernmental Revenues 130,000 45,228 47,332 2,104
City Brochure 4,000 1,458 375 (1,083)
Report Copies-Police Dept 4,500 1,691 1,892 201
Bids& Specs 500 - 625 625
Cash Short/Over - - 193 193 ,
Suspense Revenue - - 93 93
Donations-Concert/Band 5,000 2,706 500 (2,206)
Donations Planning - - - -
Reimbursements-Phone& Fax 3,000 1,250 2,294 1,044
Reimbursement- Worker Comp 2,500 1,040 - (1,040)
Reimbursement- P.I.S.D 211,825 - - -
Plat Copies 1,500 841 505 (336)
Reprodution/Xerox Copies 2,000 859 712 (147)
Reimbursement-Insurance 5,000 - 15,546 15,546
Texpool Interest 200,000 61,966 78,534 16,568
Payroll Interest 800 286 459 173
N O W Account Interest 30,000 18,540 20,415 1,875
Interest Income 90,000 33,930 105,409 71,479
Credit Card Interest 1,000 256 2,785 2,529
Miscellaneous 30,000 12,500 9,064 (3,436)
Auction - - - -
Street Light Charges 40,000 16,091 48,174 32,083
N S.F Fees 1,000 415 401 (14)
Sand/Topsoil - - - -
Discount Taken 50 20 2,215 2,195
Pavers - - - -
Pool/Park Vending Machine 1,500 625 - (625)
Comm. Center Vending Machin( 1,500 625 193 (432)
City Hall Vending Machine 100 40 88 48
Concession Stand 4,000 845 529 (316) i
Other Revenues 639,775 155,984 291,000 135,016
Total Revenues $ 19,163,675 $ 11,663,230 $ 11,581,289 $ (81,941)
0
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Actual Variance
City Council $ 74,650 $ 31,085 $ 40,327 $ (9,242)
City Manager 542,868 226,160 170,669 55,491
' City Secretary 168,863 59,251 45,859 13,392
Finance 562,312 227,531 190,747 36,784
Tax 115,867 48,275 48,130 145
Human Resources 415,844 173,201 133,936 39,265
Legal 275,423 114,710 114,049 661
Municipal Court 233,810 97,341 89,515 7,826
Custodial Services 184,693 76,759 64,155 12,604
City Hall 480,931 200,385 188,853 11,532
Public Affairs/Grants 332,826 135,100 96,706 38,394
Other requirements 1,769,562 756,739 418,126 338,613
Total General Government 5,157,649 2,146,537 1,601,072 545,465
P
Police 5,622,150 2,329,180 2,272,114 57,066
Fire 197,609 82,277 32,283 49,994
Fire Marshal 225,747 93,911 54,255 39,656
Animal Shelter 221,152 91,919 78,589 13,330
Emergency Medical Services 752,702 310,284 297,470 12,814
Total Public Safety 7,019,360 2,907,571 2,734,711 172,860
Public works Administration 142,364 59,270 58,910 360
1
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Actual Variance
Engineering 683,283 269,980 340,082 (70,102)
Code Enforcement 425,865 177,316 169,952 7,364
Community Services 10,000 4,165 - 4,165
Fleet Maintenance 222,051 92,427 89,613 2,814
Service Center 119,429 49,440 59,031 (9,591)
Streets and Drainage 1,909,351 794,640 503,055 291,585
Sanitation 2,525,355 1,052,183 863,695 188,488
Total Public Works 6,037,698 2,499,421 2,084,338 415,083
Library 68,950 28,710 41,045 (12,335)
Parks&Recreation-Administration 1,064,826 437,312 427,315 9,997
Parks&Recreation-Recreation 445,805 185,043 151,865 33,178
Parks&Recreation-Athletics 208,471 86,249 64,816 21,433
Parks&Recreation-Aquatics 245,091 102,055 68,782 33,273
Total Community Services 2,033,143 839,369 753,823 85,546
Total Expenditures $ 20,247,850 $ 8,392,898 $ 7,173,945 $ 1,218,954
4
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Actual Variance
Personnel $ 22,025 $ 9,175 $ 7,342 $ 1,833
' Materials& Supplies 2,000 830 1,241 (411)
Maintenance - - - -
Services 50,625 21,080 31,744 (10,664)
Capital Outlay - -
City Council 74,650 31,085 40,327 (9,242)
Personnel 495,218 206,320 152,232 54,088
Materials& Supplies 5,300 2,205 515 1,690
Maintenance 6,320 2,630 384 2,246
Services 36,030 15,005 17,538 (2,533)
Other Charges - - - -
Capital Outlay - - - _
City Manager 542,868 226,160 170,669 55,491
Personnel 124,624 43,015 37,633 5,382
Materials& Supplies 9,500 1,707 1,834 (127)
Maintenance 1,500 725 54 671
Services 28,119 11,674 6,006 5,668
Other Charges 5,120 2,130 332 1,798
Capital Outlay - - - _
City Secretary 168,863 59,251 45,859 13,392
Personnel 506,294 204,285 176,916 27,370
Materials& Supplies 12,283 5,079 3,425 1,654
Maintenance 3,750 1,525 1,507 18
Services 37,865 15,762 8,735 7,027
Other Charges 120 50 164 (114)
/ Capital Outlay 2,000 830 - 830
Finance 562,312 227,531 190,747 36,784
Personnel - - - _
Materials& Supplies - - - -
Maintenance - - _ _
Other Services 115,867 48,275 48,130 145
Capital Outlay - - _ _
Tax 115,867 48,275 48,130 145
Personnel 294,947 122,870 108,641 14,229
Materials& Supplies 16,715 6,946 4,541 2,405
Maintenance 2,200 910 1,249 (339)
Services 96,822 40,330 18,585 21,745
r
I
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Actual Variance
Other Charges 5,160 2,145 920 1,225
Capital Outlay - - - -
Human Resources 415,844 173,201 133,936 39,265
Personnel 194,848 81,170 75,589 5,581
Materials& Supplies 7,025 2,920 1,887 1,033
Maintenance 1,000 410 90 320
Services 67,550 28,130 36,483 (8,353)
Other Charges 5,000 2,080 - 2,080
Capital Outlay - - - -
Legal 275,423 114,710 114,049 661
Personnel 212,624 88,575 80,270 8,305
Materials& Supplies 3,971 1,645 917 728
Maintenance 850 350 569 (219)
Services 15,455 6,396 6,362 34
Other Charges 910 375 207 168
Capital Outlay - - 1,190 (1,190)
Municipal Court 233,810 97,341 89,515 7,826
Personnel 152,221 63,410 58,718 4,692
Materials& Supplies 28,612 11,749 4,503 7,246
Maintenance 2,700 1,120 843 277
Services 1,000 415 91 324
Other Charges 160 65 - 65
Capital Outlay - - - -
Custiodial Services 184,693 76,759 64,155 12,604 1
Personnel - - - -
Materials& Supplies 19,619 8,166 3,656 4,510
Maintenance 117,512 48,989 59,876 (10,887)
Services 270,800 112,815 71,367 41,448
Other Charges 3,000 1,250 140 1,110
Capital Outlay 70,000 29,165 53,814 (24,649)
City Hall 480,931 200,385 188,853 11,532
Personnel 183,228 75,910 69,713 6,197
Materials& Supplies 92,258 36,108 23,047 13,061
Maintenance - - -
I
II
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Actual Variance
Services 57,340 23,082 3,945 19,137
Other Charges - - - -
Capital Outlay - - - -
Public Affairs/Grants 332,826 135,100 96,706 38,394
1
Personnel 36,000 21,650 15,000 6,650
Materials& Supplies 23,845 9,935 10,576 (641)
Maintenance 55,489 23,120 44,655 (21,535)
Services 617,737 270,174 299,740 (29,566)
Other Charges 1,036,491 431,860 48,155 383,705
Capital Outlay - - - -
Other Requirements 1,769,562 756,739 418,126 338,613
Total General Government 5,157,649 2,146,537 1,601,071 545,466
Personnel 4,640,731 1,920,816 1,753,983 166,833
Materials& Supplies 87,932 36,593 27,429 9,164
Maintenance 300,746 125,289 154,029 (28,740)
Services 206,761 85,662 77,713 7,949
Other Charges 5,000 2,080 1,643 437
Capital Outlay 380,980 158,740 257,316 (98,576)
Police 5,622,150 2,329,180 2,272,114 57,066
Personnel - - - _
1 Materials& Supplies 58,834 24,482 4,724 19,758
Maintenance 89,000 37,070 11,255 25,815
Services 46,775 19,475 15,449 4,026
Other Charges 3,000 1,250 856 394
Capital Outlay - _ _ _
Fire 197,609 82,277 32,283 49,994
Personnel 145,189 60,480 46,363 14,117
Materials& Supplies 11,168 4,551 897 3,654
Maintenance 6,350 2,630 1,456 1,174
Services 39,900 16,610 5,186 11,424
Other Charges - - _ -
Capital Outlay 23,140 9,640 354 9,286
r
1
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Actual Variance
Fire Marshal 225,747 93,911 54,255 39,656
Personnel 171,640 71,495 53,448 18,047
Materials& Supplies 11,349 4,600 5,065 (465)
Maintenance 9,150 3,795 5,676 (1,881) 1
Services 20,263 8,394 6,846 1,548
Other Charges 500 205 670 (465)
Capital Outlay 8,250 3,430 6,884 (3,454)
Animal Shelter 221,152 91,919 78,589 13,330
Personnel 413,064 172,100 175,267 (3,167)
Materials& Supplies 92,360 38,233 17,654 20,579
Maintenance 90,020 36,321 28,450 7,871
Services 96,625 40,063 25,694 14,370
Other Charges 3,000 1,250 410 840
Capital Outlay 57,633 22,317 49,996 (27,679)
Emergency Medical Services 752,702 310,284 297,470 12,814
Total Public Safety 7,019,360 2,907,571 2,734,712 172,859
Personnel 124,624 51,905 48,603 3,302
Materials& Supplies 9,500 3,955 4,508 (553)
Maintenance 3,050 1,260 1,570 (310)
Services 5,190 2,150 4,230 (2,080)
Other Charges - - - - 1
Capital Outlay - - - -
Public Works Administration 142,364 59,270 58,910 360
Personnel 527,028 219,570 199,008 20,562
Materials& Supplies 7,105 2,950 2,239 711
Maintenance 8,965 3,725 3,384 341
Services 135,885 41,945 131,631 (89,686)
Other Charges 300 125 - 125
Capital Outlay 4,000 1,665 3,820 (2,155)
Engineering 683,283 269,980 340,082 (70,102)
4
I
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Actual Variance
Personnel 344,926 143,705 135,480 8,225
Materials& Supplies 17,972 7,396 3,960 3,436
Maintenance 12,400 5,160 3,242 1,918
Services 50,267 20,930 27,188 (6,258)
1 Other Charges 300 125 82 43
Capital Outlay - - - -
Code Enforcement 425,865 177,316 169,952 7,364
Personnel - - - _
Materials& Supplies 10,000 4,165 - 4,165
Maintenance - - - _
Services - - - _
Other Charges - - - _
Capital Outlay - - _ _
Community Services 10,000 4,165 - 4,165
Personnel 210,469 87,680 84,496 3,184
Materials& Supplies 2,980 1,235 829 406
Maintenance 4,992 2,017 2,346 (329)
Services 3,450 1,430 1,942 (512)
Other Charges 160 65 - 65
Capital Outlay - - _ _
Fleet Maintenance 222,051 92,427 89,613 2,814
Personnel - - _ _
1 Materials& Supplies 12,785 5,298 12,726 (7,428)
Maintenance 53,600 22,315 22,149 166
Services 53,044 21,827 24,156 (2,329)
Other Charges - - _ _
Capital Outlay - - _ _
Service Center 119,429 49,440 59,031 (9,591)
Personnel 502,112 209,195 179,383 29,812
Materials& Supplies 226,996 94,565 47,177 47,388
Maintenance 637,391 264,705 54,541 210,164
Services 365,852 152,425 147,397 5,028
Other Charges - - 196 (196)
Capital Outlay 177,000 73,750 74,361 (611)
Streets and Drainage 1,909,351 794,640 503,055 291,585
r
I
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Actual Variance
Personnel - - - -
Materials& Supplies - - - -
Maintenance 20,000 8,330 12,384 (4,054)
Services 2,505,355 1,043,853 851,311 192,542 .
Other Charges - - - -
Capital Outlay - - - -
Sanitation 2,525,355 1,052,183 863,695 188,488
Total Public Works 6,037,698 2,499,421 2,084,340 415,081
Personnel - - - -
Materials& Supplies 2,050 845 528 317
Maintenance 6,900 2,870 2,541 329
Services 56,500 23,540 37,130 (13,590)
Other Charges - - - -
Capital Outlay 3,500 1,455 846 609
Library 68,950 28,710 41,045 (12,335)
Personnel 668,352 278,465 233,935 44,530
Materials& Supplies 35,317 14,664 5,972 8,692
Maintenance 146,124 60,978 75,950 (14,972)
Services 112,096 46,075 59,548 (13,473)
Other Charges 480 200 164 36
Capital Outlay 102,457 36,930 51,746 (14,816)
Parks&Recreation-Administration 1,064,826 437,312 427,315 9,997
Personnel 249,357 103,890 88,167 15,723
Materials& Supplies 118,518 49,354 35,610 13,744
Maintenance 7,459 3,105 - 3,105
Services 62,951 25,564 21,657 3,907
Other Charges 720 300 82 218
Capital Outlay 6,800 2,830 6,348 (3,518)
Parks&Recreation-Recreation 445,805 185,043 151,865 33,178
Personnel 72,372 30,140 20,043 10,097
Materials& Supplies 93,665 39,022 24,745 14,277
Maintenance 12,410 4,587 600 3,987
Services 29,784 12,400 19,428 (7,028)
Other Charges 240 100 - 100
Capital Outlay - - - -
Parks &Recreation-Athletics 208,471 86,249 64,816 21,433
I
I
CITY OF PEARLAND, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Actual Variance
Personnel 126,476 52,680 3,567 49,113
Materials& Supplies 70,900 29,510 26,450 3,060
Maintenance 25,180 10,490 35,291 (24,801)
Services 19,675 8,190 2,035 6,155
Other Charges 860 355 - 355
Capital Outlay 2,000 830 1,439 (609)
Parks&Recreation-Aquatics 245,091 102,055 68,782 33,273
Total Community Services 2,033,143 839,369 753,823 85,546
Total Expenditures $ 20,247,850 $ 8,392,898 $ 7,173,945 $ 1,218,952
D
I
CITY OF PEARLAND
WATER& SEWER FUND
SCHEDULE OF REVENUES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Revenues Variance
Water Sales $ 3,616,500 $ 1,310,221 $ 1,321,775 $ (11,554)
Sewer Charges 3,560,000 1,297,737 -1,223,834 73,903
Miscellaneous 183,200 65,544 165,990 (100,446)
1
Total Revenues $ 7,359,700 $ 2,673,502 $ 2,711,599 $ (38,097)
i
I
I
II
CITY OF PEARLAND
WATER& SEWER FUND
SCHEDULE OF REVENUES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Revenues Variance
Texpool interest $ - $ - $ 1,306 $ 1,306
- Meter Reinspection Fees 2,000 1,110 1,610 500
Service Charges for Cut Off 18,000 11,208 - (11,208)
Tapping Fees-Water 1,000 625 - (625)
II N S.F Fees 4,500 1,840 2,400 560
Water Sales 3,591,000 1,295,438 1,308,899 13,461
Water-Somersetshire - - 7,560 7,560
Water Sales 3,616,500 1,310,221 1,321,775 11,554
Sewer Charges 3,240,000 1,181,790 1,097,038 (84,752)
Sewer-Somersetshire - - 6,120 6,120
Tapping Fees-Water 100,000 28,463 28,575 112
Tapping Fees-Sewer 30,000 10,079 2,630 (7,449)
Loss of Discount 190,000 77,405 89,472 12,067
Sewer Charges 3,560,000 1,297,737 1,223,834 (73,903)
Meter Set Fee 120,000 37,694 102,281 64,587
Cash Short/Over - - -
Utility Reimbursement 200 200 8,087 7,887
Reimbursement Misc. 8,000 4,483 6,226 1,743
N 0 W Interest 20,000 5,304 16,195 10,891
Interest Income 30,000 15,783 31,304 15,521
Miscellaneous Income 5,000 2,080 1,897 (183)
Miscellaneous 183,200 65,544 165,990 100,446
II
Total Revenues $ 7,359,700 $ 2,673,502 $ 2,711,599 $ 38,097
I
1
CITY OF PEARLAND, TEXAS
WATER& SEWER FUND
SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Actual Variance
Water Production&Wastewater' 2,959,860 1,230,971 1,144,308 86,663
W& S Distrubtion& Collection 1,090,539 454,306 339,852 114,454
W& S Accounting&Collection 299,490 124,654 145,043 (20,389)
Other Requirements 1,501,241 625,505 518,236 107,269
W& S Construction 1,115,897 461,847 247,728 214,119
Total Expenditures $ 6,967,027 $ 2,897,283 $ 2,395,168 $ 502,115
1
1
II
CITY OF PEARLAND, TEXAS
WATER& SEWER FUND
SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Actual Variance
Personnel $ 607,111 $ 252,945 $ 223,885 $ 29,060
Materials& Supplies 573,781 239,064 176,839 62,225
Maintenance 261,503 108,305 149,579 (41,274)
Services 946,571 393,075 521,516 (128,441)
Other Charges 500 205 164 41
Capital Outlay 570,394 237,377 72,324 165,053
Water Production&Wastewater' 2,959,860 1,230,971 1,144,308 86,663
Personnel 430,882 179,515 148,701 30,814
Materials& Supplies 108,073 44,994 42,593 2,401
Maintenance 58,008 24,158 26,910 (2,752)
Services 24,000 9,995 17,025 (7,030)
Other Charges 1,000 415 164 251
Capital Outlay 468,576 195,229 104,460 90,769
W& S Distrubtion&Collection 1,090,539 454,306 339,852 114,454
Personnel 210,446 87,665 117,703 (30,038)
Materials& Supplies 8,200 3,410 2,915 495
Maintenance 10,800 4,490 3,964 526
Services 69,644 28,924 20,362 8,562
Other Charges 400 165 100 65
Capital Outlay - - - -
11 W&S Accounting& Collection 299,490 124,654 145,043 (20,389)
Personnel - - - -
Materials& Supplies 14,856 6,190 7,591 (1,401)
Maintenance 5,500 2,290 - 2,290
Services 143,900 59,955 52,216 7,739
Debt Service 1,316,985 548,740 395,104 153,636
Other Charges 20,000 8,330 63,325 (54,995)
Other Requirements 1,501,241 625,505 518,236 107,269
Personnel 398,261 165,920 150,172 15,748
Materials& Supplies 44,074 18,351 9,886 8,465
Maintenance 49,039 20,422 20,950 (528)
1
I
CITY OF PEARLAND, TEXAS
WATER&SEWER FUND
SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Actual Variance
Services 37,940 14,050 22,732 (8,682)
Other Charges - - 164 (164)
Capital Outlay 586,583 243,104 43,824 199,280
W & S Construction 1,115,897 461,847 247,728 214,119
Total Expenditures $ 6,967,027 $ 2,897,283 $ 2,395,168 $ 502,115
II
CITY OF PEARLAND, TEXAS
PEARLAND ECONOMIC DEVELOPMENT CORP.
SCHEDULE OF REVENUES- BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Actual Variance
Sales tax $ 2,111,444 $ 907,539 $ 922,725 $ 15,186
Interest income 45,000 2,416 54 (2,362)
Texpool 90,000 28,305 56,751 28,446
NOW account interest 7,000 2,599 11,388 8,789
Total revenue $ 2,253,444 $ 940,859 $ 990,918 $ 50,059
CITY OF PEARLAND, TEXAS
PEARLAND ECONOMIC DEVELOPMENT CORP.
SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL
Period Ended February 28,2001
' Annual Year To Date Year To Date
Budget Budget Actual Variance
Personnel $ 242,012 $ 100,820 $ 76,793 $ 24,027
Materials& supplies 8,000 3,330 1,275 2,055
Maintenance 5,250 2,180 1,182 998
Services 380,836 158,484 104,960 53,524
Other charges 3,200 1,330 3,000 (1,670)
Debt service 372,000 155,000 137,205 17,795
Transfer to other fund 110,000 45,830 45,833 (3)
Capital outlay 1,195,992 491,051 216,138 274,913
Total expenditures $ 2,317,290 $ 958,025 $ 586,387 $ 371,638
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CITY OF PEARLAND, TEXAS
DEBT SERVICE FUND
SCHEDULE OF REVENUES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date
Budget Budget Actual Variance
Debt service $ 4,086,856 $ 3,913,884 $ 3,547,374 $ (366,510)
Delinquent taxes 40,000 18,750 35,190 16,440
Penalty& Interest 25,000 10,415 10,811 396 III
Shadowcreek property - - - -
Texpool 45,000 19,732 30,647 10,915
N 0 W account interest 8,000 4,989 11,892 6,903
Interest income - - - -
Total revenue $ 4,204,856 $ 3,967,770 $ 3,635,913 $ (331,857)
DEBT SERVICE FUND
SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL
Period Ended February 28,2001
Annual Year To Date Year To Date 1
Budget Budget Actual Variance
In city MUD#17-19 $ 4,600 $ 1,915 $ - $ 1,915
T.I.R.Z 1 & 2 50,000 20,830 - 20,830
Principal 1,680,000 700,000 1,680,000 (980,000)
Interest 2,394,500 997,705 837,276 160,429
Fiscal agent fees 10,500 4,375 1,149 3,226
Issurance cost - - (3,702) 3,702
Total expenditures $ 4,139,600 $ 1,724,825 $ 2,514,723 $ (789,898)
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