1980-12-17 Regular Meeting - Laserfiche WebLink

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e e UTILITY DEPARTMENT e (As of 9/30/80) Waterworks and Sewer System Revenue Bonds Outstanding .~........,.............................. ..$200,0011 Interest and Sinking Fund and Reserve Fund Balance,............................................... $61,522 Contingency Fund (required balance by indenture - $50.000) ......................................... $58,972 Revenue Bonds Authorized But Unissued None Waterworks and Sewer System Operating Statements Unaudited Consolidated Consolidated Period Ended 9/30/80 9/30/79* 9/30/78** 9/30/77** 9/30/76**' Revenues $1.223.943 - . $875.375 $595.037 $481,595 $394.561 Expenses 946.939 707.115 433.613 404,268 290.961 A vailable for Debt Service $277,004 $168.260 $161,424 $ 77.327 $103.600 Coverage of Average Annual Debt Service Requirements On Revenue Bonds 9.66X 5.87X 5.63X 2.7UX 3.61X Coverage of Maximum Annual Debt Service Requirement on Revenue Bonds 8.69X 5.27X 5,06X 2.42X 3.25X *Taken from the City of La Porte Audit prepared by Eugene Hovey,CPA, La Porte, Texas, and City of Lomax Audit prepared by Mosher, Seifert and Company, CPA's, Pasadena, Texas. -*Taken from Audits prepared by Eugene Hovey. e Customer Count Consolidated Consolidated Period Ended 9/30/80 9/30/79 9/30/78 9/30/77 9/30/76 9/30/75 Water 5,075 4.724 3,509 3,190 2,964 2,823 Sewer 4,855 4,421 3.225 3,052 2.826 2,686 Water and Sewer Rates - Residential & Commercial (All customers are billed monthly) Water Rates Sewer Rates First 2,000 gallons $2.50 (minimum) $2.25 fiat charge per Next 3,000 gallons $1.00 per thousand gallons month, plus 35\ of the Next 5,000 gallons $0.85 per thousand gallons net water bill AD over 10.000 gallons $0.75 per thousand gallons Waterworks & Sewer System Revenue Bonds Debt Service Requirements Year Ending Total Year Ending Total 9/30 Requirements 9/30 Requirements 1981 $31,875 1985 $28,238 1982 30,975 1986 27,313 1983 30.075 1987 26,388 1984 29,163 1988 25,463 Average Annual Requirements 1981 through 1988 - $28,686 e -&-