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<br />e <br /> <br />e <br /> <br />TEXAS MUNICIPAL REPORTS <br /> <br />3 <br />CITY OF LA PORTE <br /> <br />. <br /> <br />I&S FUND MANAGEMENT INDEX <br /> <br />G.O. Service Requirements for tax <br />year ending 9-30-18 . <br />1&8 Funds all G.O. issues 9-30-11 <br />1911 1&8 Fund Tax ~vy @ 90% <br /> <br />$111.096 <br />111.102 <br /> <br />COMPUTATION OF SELF-SUPPORTING DEBT <br /> <br />Net system revenue available for fiscal <br />year ended 9-30-11 . <br />~ss: Average annual requirements for <br />Revenue Bonds <br />Balance available for other purposes <br />~ss: Average annual requirements for <br />Combination Tax and Revenue Bonds <br />Balance svailable after provision for <br />Combination Tax and Revenue Bonds <br />Average annual requirements for System <br />G. O. Bonds <br />Percentage of System Combination 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 />Amount Issued <br />Purpose Authorized ~ <br /> <br />5-15-11 <br /> <br />Fire Station $100.000 <br /> <br />$-0- <br /> <br />DETAILS OF WATERWORKS & SEWER SYSTEM REVENUE BONDS <br /> <br />m8M) <br /> <br />ww & SS Rev Ref Ser'62 3-15-62 M&S 15 <br />(35-1) (VEWS) (5M except Nos. 1. 2 & 3 <br />for 1M) Mtys 3-15 <br />25M-18; 15M-19 <br /> <br />WW & SS Rev Ser'65 3-15-65 M&8 15 <br />(35-1) (VEWS) (5M) Mtys 3-15 <br />10M-18-19; 25M-80; <br />25M-81/83 ; <br />25M-84/88 <br /> <br />. <br /> <br />3~ <br />(300M) <br /> <br />3fs <br />3. 60s <br />3.10s <br /> <br />Paying Agent <br /> <br />(35-1 ) <br /> <br />First City National Bank. Houston <br /> <br />PERTINENT PROVISIONS OF THE WATERWORKS AND <br />SEWER SYSTEM REVENUE BOND INDENTURE <br /> <br />1. <br /> <br />Nature of Pledge: <br />First Lien on net revenues of Water & Sewer System. <br /> <br />2. <br /> <br />$113.902 <br />$348,198 <br /> <br />$11.321 <br />30.910 <br />$~ <br />$84,241 <br />$ -0- <br />6.238 <br />55.03% <br />- 0-% <br /> <br />Unissued <br /> <br />$100.000 <br /> <br />OUtstanding <br />9-30-11 <br /> <br />$ 40.000 <br /> <br />245,000 <br />$285.000 <br /> <br />Special Funds Created by Indenture comparing balances in <br />each which are ultimately required and presently required <br />by indenture prOVisions as compared to actual balances on <br />hand: <br /> <br />Special Funds <br />1&8 Fund <br />Reserve Fund <br />Contingency Fund <br /> <br />Required <br />Ultimate <br />Balance <br />Not Applicable <br />$30.910 <br />50.000 <br /> <br />Required <br />Present <br />Balance <br />$16.786 <br />30.910 <br />Not Applicable <br /> <br />Actual <br />Present <br />Balance <br />$21.835 <br />81,659 <br />56.141 <br /> <br />3. Coverage Required as a Condition to Issuance of Parity <br />Bonds: For the last fiscal year preceding the issuance <br />of additional bonds net revenues shall have been not <br />less than It times maximum annual requirements. after <br />giving effect of the additional bonds. <br /> <br />. <br /> <br />SCHEDULE OF WATER & SEWER REVENUE DEBT SERVICE REQUIREMENTS <br />Fiscal Yr Total <br />Endg 9-30 Principal Interest Reqmts <br />1918 $ 35.000 $ 9.156 $ 44.156 <br />1919 25,000 8.656 33.656 <br />1980 25.000 1.163 32.163 <br />1981 25.000 6.815 31.815 <br />1982 25.000 5.915 30,915 <br />1983 25.000 5,015 30.075 <br />1984 25,000 4.163 29.163 <br />1985 25,000 3.238 28,238 <br />1986 25.000 2,313 21.313 <br />1981 25,000 1.388 26.388 <br />1988 25.000 463 ~ <br />Totals $285.000 $~ $3 o. 5 <br />Avg Ann Reqmts $ 30,970 <br /> <br />WATERWORKS & SEWER SYSTEM OPERATING EXPERIENCE The following <br />condensed statements reflecting transactions of the Operating <br />Fund have been compiled from original data including any <br />statements or books of record available. Accounting princi- <br />ples customarily employed in the determination of net <br />revenue available for application to debt service require- <br />ments, as prOVided by the bond order. have been observed <br />and in all instances reflect net adjustments necessary for <br />computation of self-supporting debt. <br /> <br /> Fiscal Year Ended <br />Income 9-30-11 9-30-16 9-30-15 9-30-74 <br />Water & Sewer $466,528 $381.216 $313,353 $319,451 <br />Other ~ ~.2~5 ~ 6.226 <br />Total Income $ 1.595 $3 .5 1 $321.950 $325,683 <br />Expense $404 .268 $290.961 $211,885 $216,192 <br />Available for <br />Debt Service $ 11,321 $103.600 $110,065 $108,891 <br />Coverage of Avg <br />Annual Reqmts on <br />Rev Bds 2.5OX 3.35X 3.55X 3.52X <br /> <br />Customer Count <br />Water <br />Sewer* <br />*Estimated <br />SOURCE OF WATER SUPPLY Five wella <br /> <br />WATER RATES (Monthly billing) The City increased ita water <br />rates effective 8-1-77 as shown below. <br /> <br />3.190 <br />3.052 <br /> <br />2,964 <br />2,826 <br /> <br />2,183 <br />2.646 <br /> <br />2.823 <br />2.686 <br /> <br />First <br />Next <br />Next <br />Over <br /> <br />2.000 gallons <br />3,000 gallons <br />5,000 gallons <br />10.000 gallons <br /> <br />Old Rates <br />$2.10 (Min) <br />1. OO/M <br />. 801M <br />.60/M <br /> <br />New Rates <br />$2.50 (IDn) <br />1. oolM <br />. 851M <br />. 15/M <br /> <br />SEWER RATES (Monthly billing) Based on water consumption. <br />Effective August 1. 1911 the City increased its flat rate <br />charge from $1.25 to $2.25. <br /> <br />35%,of water bill plus $2.25 flat rate <br /> <br />DETAILS OF AIRPORT REVENUE BONDS <br /> <br />(60M) <br /> <br />OUtstanding <br />9-30-11 <br /> <br />Airpt Rev Ser'64 (NV) 12-15-65 <br />J&J 15 (88-218) (MPH) Mtys 71/84 <br />Ca 1-15-16 Mtys 1-15 <br />4M-18-79; 5M-80/84 <br /> <br />4ts <br /> <br />$33 ,000 <br /> <br />Paying Agent <br /> <br />(88-218 ) <br /> <br />Bayshore National Bank, La Porte <br />