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<br />U){AS MUNICIPAL ~~pmns
<br />
<br />3
<br />~T':'"{ OF LA PORTE
<br />
<br />SCHEDULE OF GENERAL OBLIGATION DEBT SERVICE REQUIREI>IENTS PERTINENT PROVISIONS OF '!'HE \':ATER\10RKS A;m
<br />l'la ter 40 Comb Tax Be SETIIER SYSTF.Y, REVENUE ROl:O TNDENTURE
<br />Tax Year Total Sewer Inc1 Rev Assumed
<br />Endll Q-30 Principal Interest Reamts in Total Inc1in Total 1. :iature of P1edlte:
<br />First Lien on net revenues of Water & Sewer System.
<br />
<br />1977 $ 108.000 $ 70,835 $ 178,835 $14.930 $ 86.248
<br />1978 108,000 65,902 173.902 7.562 84,408
<br />1979 111.000 60.974 171,974 7,235 85.518
<br />1980 120,000 55.790 175.790 3.918 87.461
<br />1981 121,000 50,353 171,353 91,123
<br />1982 91, 000 45,600 136,600 88,580
<br />1983 102.000 41,438 143,438 87,038
<br />1984 106,000 36,978 142.978 88,378
<br />1985 109,000 32,325 141,325 88.550
<br />1986 110,000 27,555 137,555 86,630
<br />1987 61,000 23,668 84,668 84,668
<br />1988 63,000 20,663 83,663 83,663
<br />1989 67,000 17,286 84,286 84.286
<br />1990 70,000 13,300 83,300 83,300
<br />1991 75,000 9.500 84,500 84, 500
<br />1992 65,000 6,700 71,700 71,700
<br />1993 6'5.000 -.l..!2Q 68.1'50 68.150
<br />Totals $1,552,000 $582,017 $2,134,017 $33,645 $1.434,201
<br />Avg Ann Reqmts for Sys G.O. Bonds $ 8,411 $ 84,365
<br />Avg Ann Reqmts Comb Tax Be Rev Bonds
<br />
<br />IBeS FUND MANAGEI>IENT nmEX
<br />
<br />G.O. Service Requirements for tax
<br />year ending 9-30-77 . .
<br />I&S Funds all G.O. issues 9-30-76
<br />1976 IBeS Fund Tax Levy @ 90::;
<br />
<br />. . $178,835
<br />$202,432
<br />'~ $375,556
<br />
<br />COMPUTATION OF SELF-SUPPORTDIG DEBT
<br />
<br />Net system revenue available for fiscal
<br />year ended 9-30-76 . . . . . . . . .
<br />Less: Average annual requirements for
<br />Revenue Bond s
<br />Balance available for other purposes
<br />Less: Average annual reqUirements for
<br />Combine tion Tax and Revenue Bonds
<br />Balance available after prOVision for
<br />Combinatia'l Tax and Revenue Bonds
<br />Average annual requirements for System
<br />G.O. Bonds
<br />Percentage of System Cbmbination Tax and
<br />Revenue Bonds Self-SUpporting
<br />Percentage of System G.O. Bonds Self-Supporting
<br />
<br />GENERAL OBLIGATION BONDS AUTHORIZED BUT UNISSUED
<br />
<br />Date of
<br />Authorization
<br />
<br />~ Authorized to Date
<br />
<br />5-15-71
<br />
<br />Fire Station $100,000
<br />
<br />$-0-
<br />
<br />$90,315
<br />32.226
<br />$58,089
<br />~
<br />$ -0-
<br />
<br />8.,411
<br />68.85%
<br />-0-%
<br />
<br />Unissued
<br />
<br />$100,000
<br />
<br />(328M)
<br />
<br />DETAILS OF ~IATERWORKS Be SElo/ER SYSTEM REVENUE BONDS
<br />Outstanding
<br />9-30-76
<br />
<br />J-fs
<br />
<br />I~I Be SS Rev Ref Ser'62 3-15-62 ~~S 15
<br />(35-1)(VE\~S)(5M except Nos. 1, 2 Be 3
<br />for 1M) mtys 3-15
<br />25M-77-78; 15M-79
<br />
<br />(300M)
<br />3h
<br />3.60s
<br />3.70s
<br />
<br />WW Be SS Rev Ser'65 3-15-65 M&S 15
<br />(35-1)(VEIoIS)(5l,1) Mtys 3-15
<br />10M-77/79; 25M-80;
<br />251~-81/83 ;
<br />25M-84!88
<br />
<br />Payinll Altent
<br />
<br />(35-1 )
<br />
<br />First City llationa1 Bank. Houston
<br />
<br />$ 65,000
<br />
<br />.ill..QQQ
<br />$320.000
<br />
<br />2. Spec tal Funds Crea ted by Indenture ~ompl ring bel ances in
<br />each which are ultimately required and presently
<br />required by indenture provisions as compared to actual
<br />balances on hand:
<br />
<br />Special Funds
<br />IBeS Fund
<br />Reserve Fund
<br />Contingency Fund
<br />
<br />Required
<br />Ul tima te
<br />Balance
<br />:lot Applica b1e
<br />$32,226
<br />,0,000
<br />
<br />Req4ired Actual
<br />Precent Present
<br />Ba1&nce Balance
<br />$15,130 $27,999
<br />32.226 87,102
<br />!lot Appl1cab1~ 55.523
<br />
<br />3. Coveralte Reauired as a Condition to Issuance of Parity
<br />Bonds: For the last fiscal year prccedine the issuance
<br />~ditiona1 bonds net revenues sh~ll have bean not
<br />less than 1} times maximum annual requireme~ts. after
<br />giving effect of the additional bonds.
<br />
<br />SCHEDULE OF ~!A TF.R Be SFlffiR REVENUE DRRT S Y.1VICE HE:l1TIRE~;F.rITS
<br />
<br />Fiscal Yr To~aJ.
<br />Endp,; 9-30 Principal Interest Reamts
<br />1977 $ 35,000 $11,044 ;~ 46.044
<br />1978 35.000 9.756 44,756
<br />1979 25, 000 8.656 33,656
<br />1980 25,000 7.763 32.763
<br />1981 25.000 6.875 31.877
<br />1982 25.000 5.975 30.9'(5
<br />1983 25,000 5.075 30,075
<br />1984 25,000 4.163 29,163
<br />1985 25,000 3.238 28,238
<br />1986 25.000 2,313 27,313
<br />1987 25.000 1,388 26,388
<br />1988 ..1.5...QQQ ~ ~
<br />Totals $320,000 $ .709 :\38 ,709
<br />Avg Ann Reqmts 'J 32,226
<br />
<br />CITY'S WATERloJORKS Ai-:D SE':IER SYSTE~I OPERAT:::G STAT~,lID:T The
<br />following condensed statements have been compiled from
<br />official records of the city, inc1udinr any statements
<br />and books of record available. Accounting principles
<br />customarily employed in the determination of revenues
<br />available for debt service have been observed.
<br />
<br />Income
<br />Expense
<br />
<br />Fiscal Year Ended
<br />Q-36-76 9-30-75 9-30-74
<br />$381,276 $313.353 $:5L 9, 457
<br />~ 211.88'5 ~
<br />
<br />9-30-73
<br />$295.388
<br />~
<br />
<br />Available for
<br />Debt Serv $ 90,315 $101,468 $102,665 $147.662
<br />
<br />Coverage of
<br />Avg Ann
<br />Reqmts on
<br />Rev Bds
<br />
<br />2.80x
<br />
<br />3.19X
<br />
<br />4.58x
<br />
<br />3.15X
<br />
<br />Oustomer Count
<br />\'Iater
<br />Sewer
<br />
<br />2.823
<br />2.823
<br />
<br />2,783
<br />2,643
<br />
<br />2,.665
<br />2,515
<br />
<br />2,964
<br />2.964
<br />
<br />SOURCE OF ~IATER SUPPLY Five wells
<br />
<br />I
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