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<br />nXAS MUNICIPAL REPORTS
<br />
<br />Colttp,led ...d 'ublilh.d by
<br />MUNICIPAL ADVISORY COUNCILo/TEXAS
<br />
<br />.05 CITY NATIONAL .ANte BUILDING
<br />AUSTIN TEXAS 711701
<br />
<br />e
<br />
<br />CITY OF IA PORTE
<br />Harris County
<br />March 20, 1980
<br />Supplement #1
<br />
<br />SE
<br />
<br />THIS REPORT REFLECTS DATA INTENDED AS A SUPPLEMENT TO A MORE DEFINITIVE TEXAS
<br />MUNICIPAL REPORT PREPARED ON THIS ENTITY DATED 3-31-79.
<br />
<br />FINANCIAL STATEMENT (As of September 30, 1979)
<br />Assessed Valuation, 1979 (80% of Actual). .$192,489,030
<br />
<br />General Obligation Debt I&S Fund
<br />General Purpose Bonds) $ 117,354
<br />WW&SS Bonds )
<br />Total
<br />
<br />Less:Self-Supptng Debt $1,413,611
<br />Applicable I&S Fd 55~053 1,468,664
<br />Net Debt (0.60% of A.V.-$135.2b per
<br />capita)
<br />
<br />Outstanding
<br />$ 381,172
<br />2,243,828
<br />$2,625,000
<br />
<br />$
<br />
<br />1,156,336
<br />
<br />Pop: 1970-7,149; 1976 Census Est-8,549
<br />
<br />Special Obligation Debt
<br />Waterworks & Sewer System Revenue
<br />Airport Revenue Bonds . . . .
<br />Special Fund
<br />Balances
<br />I&s Fund
<br />Reserve Fund
<br />Co~tingency Fund
<br />
<br />.
<br />
<br />TAX DATA
<br />Tax
<br />Year
<br />1978
<br />1979
<br />
<br />Municipal
<br />Calendar
<br />Year
<br />1979
<br />
<br />Bds , .$
<br />
<br />225,000
<br />25,000
<br />
<br />WW&SS
<br />$28,959
<br />32,563
<br />58,972
<br />
<br />Airport
<br />$19,452
<br />6,300
<br />-X-
<br />
<br />Assessed
<br />Valuation
<br />$177,688,450
<br />192,489,030
<br />
<br />% Collections Year
<br />Current Total Endg
<br />95.58 98:Ob 9-30-79
<br />(In process of collection)
<br />
<br />Tax
<br />Rate
<br />$0.91
<br />.91
<br />
<br />Sales Taxes
<br />Total
<br />Collected
<br />$392,545
<br />
<br />% of Ad Val
<br />Tax Levy
<br />22.41
<br />
<br />Equiv of Ad
<br />Val Tax Rate
<br />$0.20
<br />
<br />Tax Rate Distribution
<br />General Fund
<br />I&S Fund
<br />Totals
<br />
<br />1979
<br />$0.77
<br />.14
<br />$0.91
<br />
<br />1978
<br />$0.80
<br />.11
<br />$0.91
<br />
<br />I & S FUND MANAGEMENT INDEX
<br />G.O. Debt Service Requirements for tax
<br />year ending 9-30-80 . . . . , .
<br />I&S Funds all G,O, issues 9-30-79
<br />1979 I&S Fund Tax Levy @ 90%
<br />
<br />$251,690
<br />$359,670
<br />
<br />$117,134
<br />242,536
<br />
<br />COMPurATION OF SELF-SUPPORTING DEBT
<br />WW & SS
<br />
<br />Net System Revenue Avail-
<br />able for fiscal year
<br />ended 9-30-79 $157,745
<br />Less: Average Annual Require-
<br />ments for Revenue Bonds 29,139
<br />Balance Available for other
<br />Purposes $128,606
<br />Average Annual Requirements
<br />for System G.O. Bonds 203,399
<br />Percentage of System G.O..
<br />Bonds Self-Supporting 63.23%
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<br />
<br />WATERWORKS & SEWER SYSTEM OPERATING
<br />EXPERIENCE
<br />
<br />Income
<br />Operating
<br />Interest
<br />Totals
<br />
<br />Fiscal Year
<br />9-30-79
<br />$649,949
<br />23,738
<br />$673,687
<br />
<br />Expense
<br />Contractual Services
<br />Other
<br />Total
<br />
<br />$ 92,823
<br />423,119
<br />$515,942
<br />$157,745
<br />$ 29,139
<br />5 . 41X
<br />
<br />Available for Debt Service
<br />
<br />Average Annual Reqmts
<br />Coverage on Rev Bds
<br />
<br />Customer, Count
<br />Water
<br />Sewer
<br />
<br />4,109
<br />4,109
<br />
<br />The illformation contained in this Texas Municipal Report has been obtained from diverse sources. These sources are usually reliable, but neither
<br />their completeness, accuracy or validity is guaranteed by the publisher. The origin of such mterial and the basis for its publication will be
<br />made available upon request.
<br />
<br />The Texas Municipal Report is designed to contain illformation vh1ch IIIBY be usefUl and helpfUl to lIlBIIlbers of the Municipal Advisory Council in
<br />evaluating the IIIWIicipal securities of the issuer to vh1ch it applies. However, l1ml.tations of expense, available elata, and techn1cal staff
<br />necessarily mean that the inf'ormation contained in the Texas MuniCipal Report is substantially less than all the intormtion needed to reach
<br />a decision with respect to the purchase or sale of any IIIWIicipal security. The Texas Municipal Report is not designed as a selling document.
<br />The Texas Municipal Report, if not used in conjunction wi th other infol"llBtion available from the issuer, can be ml.sleading. Complete informa-
<br />tion to support a decision to purchase or sell a IIIWIicipal security should be obtained from the iasuer or ita authorized representati va.
<br />
<br />.
<br />
<br />MIlch of the information contained in the Texas lllmicipal Report is a matter of interpretation. The staff of the IUlicipal Advisory Council of
<br />Texas is available to discuss their method of interpretation of a~ such infomation. Some of the methods used to compile the Texas Municipal
<br />Reports, and the interpretations made, are arbitrary, and my differ fl'Oll\ methods and interpretations used by others.
<br />
<br />The illformation contained in the Texas IUlicipal Report is believed to be correct as of the date or elates indicated, but it, is to ba understood
<br />that same of the intormtion will change with the passage of time.
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