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<br />2
<br />CITY OF LOMAX
<br />
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<br />
<br />U}{AS 'lIHHH(i~AL ~~~(O~n
<br />
<br />Tax Rate Distribution
<br />General Fund
<br />I&S Fund
<br />Totals
<br />
<br />1979
<br />$DR1
<br />-0."
<br />1r.'06'
<br />
<br />1978
<br />$o.6lJ
<br />.50
<br />n:m
<br />
<br />1977
<br />$~
<br />.55
<br />n:m
<br />
<br />1976
<br />$'lr.15'
<br />.50
<br />~
<br />
<br />"Transfers are made from the General Fund to meet
<br />Debt Service Requirements.
<br />
<br />(715M)
<br />
<br />DETAILS OF GENERAL OBLIGATION BONDS
<br />
<br />6s
<br />5s
<br />5.10s
<br />5.20s
<br />5%s
<br />4s
<br />
<br />11 GO Ser'73 2-15-73 F&A 15 (35-1)
<br />(BB) Mtys B9/96 Ca 2-15-88 (5M)
<br />Mtys 2-5 W&S 1001
<br />25M-80-81~/86;
<br />4014-87-88;
<br />4014-B9/91;
<br />4014-92;
<br />5OM-93-94;
<br />511M-95-96
<br />
<br />(2,OOQM) 11 GO Bds Ser'80 3-1-80 M&S 1
<br />(88-218)(BB) Bds Ca anytime
<br />8 par (514) Mtys 3-1
<br />11 & S 27.5Z
<br />9s 4OM-82; 45H-83-84; 5014-85;
<br />55M-86; 6OM-87; 6514-88;
<br />7D:4-89; llOM-90; 8514-91;
<br />9OM-92; 10014-93; IIOM-94;
<br />120M-95; 13014-96; 14514-97;
<br />15514-98; 17014-99; 185H-2000;
<br />20OM-Ol .
<br />Total General Obli9ation Bonds
<br />Recapitulation of Bond Totals
<br />General Purpose Bonds
<br />\iI:I & SS Bonds
<br />Total General Obligation Debt
<br />Payinq Aqents
<br />
<br />(35-1)
<br />(88-218)
<br />
<br />Outstandin9
<br />9-30-79
<br />
<br />$ 640,000
<br />
<br />2,000,000
<br />$2.640,000
<br />
<br />$1,450,000
<br />1.190.ooo
<br />$2.640.000
<br />
<br />First City National Bank of Houston, Houston
<br />Bayshore Nat i ona 1 Bank, La Porte .
<br />
<br />SCHEDULE OF GENERAL OBLIGATION DEBT SERVICE REQUIREMENTS
<br />
<br />Fiscal Yr Total W & S
<br />Endg 9-30 Principal Interest Reqrnts Incl in Total
<br />
<br />1980
<br />1981
<br />19B2
<br />19B3
<br />1984
<br />1985
<br />1986
<br />1987
<br />1988
<br />1989
<br />1990
<br />1991
<br />1992
<br />1993
<br />1994
<br />1995
<br />1996
<br />1997
<br />1998
<br />1999
<br />2000
<br />2001
<br />Totals
<br />
<br />$ 25,000
<br />25,000
<br />70,000
<br />75,000
<br />75,000
<br />80,000
<br />85,000
<br />100,000
<br />105,000
<br />110,000
<br />120,000
<br />125,000
<br />130,000
<br />150,000
<br />160,000
<br />170,000
<br />180,000
<br />145,000
<br />155,000
<br />170,000
<br />185,000
<br />200,000
<br />$2,640,000
<br />
<br />$ 122,700
<br />211,200
<br />207,750
<br />202,125
<br />196,275
<br />190,200
<br />183,675
<br />176,600
<br />168,975
<br />160,880
<br />152,090
<br />142,625
<br />132,690
<br />121,78B
<br />109,713
<br />97,050
<br />83,800
<br />70,425
<br />56,925
<br />42,300
<br />26,325
<br />9,000
<br />$2,865,111
<br />
<br />Avg Ann Reqmts - Sys G.O. Bds
<br />
<br />$ 147,700
<br />236,200
<br />277,750
<br />277,125
<br />271,275
<br />270,20D
<br />268,675
<br />276,600
<br />273,975
<br />270,880
<br />272,090
<br />267,625
<br />262,690
<br />271,788
<br />269,713
<br />267,050
<br />263,800
<br />215,425
<br />211,925
<br />212,300
<br />211,325
<br />209,000
<br />$5,505,111
<br />
<br />$ 82,450
<br />105,700
<br />119,555
<br />118,078
<br />115,164
<br />113 ,564
<br />111,839
<br />119,891
<br />117,719
<br />115,404
<br />114,258
<br />111,551
<br />108,700
<br />116,747
<br />114,273
<br />111,864
<br />109,520
<br />59,242
<br />58,279
<br />58,383
<br />58,114
<br />57,475
<br />$2,197,770
<br />
<br />$ 99,899
<br />
<br />I&S FUND MANAGEMENT INDEX
<br />
<br />G. O. Debt Service Requirements for fiscal
<br />year ending 9-30-80 $147,700
<br />I&S Funds all G.O. issues 9-30-79 $3,038
<br />1979 I&S Fund Tax Levy 8 90Z ~ $ 3,038
<br />
<br />"Transfers are made to the I&S Fund in sufficient amounts
<br />from the General Fund.
<br />
<br />COKPUTATION OF SELF-SUPPORTING DEBT
<br />
<br />Net system revenue available for fiscal
<br />year ended 9-30-79
<br />Less: Average annual requirements for
<br />Revenue Bonds
<br />Balance available for other purposes
<br />Average annual requirereents for system
<br />G.O. Bonds
<br />Percentage of System G.O. Bonds Self-
<br />Supporting
<br />
<br />S 4,201
<br />-0-
<br />~tr,lOT
<br />
<br />6J
<br />
<br />99,899
<br />4.21Z
<br />
<br />GENERAL OBLIGATION BONDS AUTHORIZED BUT UNISSUED ~one
<br />
<br />WATERl:mRKS & SEWER SYSTEM OPERATING EXPERIENCE The fol1otling
<br />condensed statements reflectiny transactions of the Operating
<br />Fund have been compiled from original data including a~) audit
<br />reports, statEEents, or books of record availab:e. Accounting
<br />principles customarily eillployed in the determination 'Jf net
<br />revenues available for debt service requireJI::nts have been
<br />observed and in all instances exclude depreciation, transfers,
<br />debt service payments and expenditure identified as capital.
<br />The system is uncumbered.
<br />
<br /> Fiscal Year Ended
<br />Income 9-30-79 9-30-78 9-30-79 9-30-76
<br />'i'ijj"l'ees ~ ~ ~ ~'f
<br />Other 15~,~ N.A. $~~:m ~77
<br />Total ID , M.A. "S" ,6!)71'
<br />~xpens~
<br />ater ur'd $ 60,205 N.A. $28,180 522,587
<br />Setler Treatment
<br />Contract 36,712 N.A. 11,229 -X.
<br />Other ~M47 N.A. 42.466 ~874
<br />Total m.m- N.A. M.1m :;- ,4lIT
<br />Avail ab Ie for
<br />Debt Servi ce $ 4.201 M.A. $15,659 512,193
<br />Customer Count
<br />Water 785 fJ.A. 395 ;:87
<br />Setler 785 II.A. 2!N -:1-
<br />
<br />G
<br />
<br />SOURCE OF WATER SUPPLY AND ~TE!:lAUR TREArnaJT
<br />
<br />The follotling is an excerpt from the 9-30-79 Audit Repcr~ for
<br />the City of Lomax.
<br />
<br />"In a letter dated Janur:ry 23, 1979 the ca.-. of D::cr Pal'~
<br />notified the City of Lomdx th&t effective July 30, Ig80, the
<br />City of Deer Park tlould cease furnishing ~;ater a~d :;e~,er
<br />services to the City of l~"ax. Hater and se~::r services r:re
<br />currently furnished under a July 11, 1972 cor.tract that re-
<br />quires eighteen months notice for termination.
<br />
<br />The City of Lomax does not otln a ~ater source o~ se~ase tl'er:t-
<br />ment plant. City officir:ls arc actively see!:ing a ne',; sou:-ce
<br />for these services."
<br />
<br />I
<br />I.
<br />I
<br />i
<br />
<br />WATER RATES
<br />
<br />(Monthly billing)
<br />Gallons Per M 90~
<br />~lllr $3:-5 n)
<br />2,000 .65
<br />15,000 .55
<br />20,000 .45
<br />
<br />First
<br />Next
<br />Next
<br />Over
<br />
<br />SEI1ER RATES (Monthly billing)
<br />Flat Rate - $4.11
<br />REVENUE BONDS AUTHORIZED BUT UNISSUED None
<br />PENSION FUNO LIABILITY
<br />
<br />The City and its employees do not presently p~,.ticipate
<br />in a penSion fund or retirement system.
<br />
<br />FLOATING OEBT (As of Sept~~ber 30, 1979)
<br />Payable
<br />Notes Payable to For From
<br />
<br />Due:!!!! Outstdng
<br />
<br />Plains Machinery Co. Main- General
<br />Houston, Texas tainer fund
<br />
<br />$1,256 9.6~ 52,496
<br />Mo
<br />$5,000 6Z ~
<br />Annually
<br />6-191
<br />80-82
<br />
<br />o
<br />
<br />Allied Deer Park
<br />Bank
<br />Deer Park, Texas
<br />
<br />Fire
<br />Truck
<br />
<br />Genera 1
<br />Fund
<br />
<br />Total
<br />
<br />517,4116
<br />
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