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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Sept. 25, 1943)
Page 6 THE BATTALION SATURDAY MORNING, SEPTEMBER 25, 1943 EW STUDENTS To the Citizens of College Station, Texas: Inaccordance with the Texas Statutes, the general condition of the City of College Station is presented in the condensed financial statements which follow. The records of the City of College Station have been completely revised and it was necessary to estimate account balances in many instances. All property accounts were appraised by the Business Manager of the City of College Station with the approval of the City Engineer as of January 1, 1943 at the request of the City Council. These property accounts were es tablished on our records at the appraised figure as of January 1, 1493 as no other practical method of arriving at these balances was available. Estimates have been made of various other balances as of the above date. For the above reasons the statements are not presented in greater detail at this time. Revenue and expenditures for only the last six months of the fiscal year, 1492-43, are presented. The City Council did not feel it was necessary that estimates of these items should extend to preceding periods. The reader should be cautioned that the revenue and expenditure statements do not cover a complete fiscal year and may be misleading because of the ommis- sion of income and expenses applicable to the first six months of the fiscal period. It is believed that information regarding financial data will be more readily available in the future. Additional information of interest to the citizens of College Station is included in this report. CITY OF COLLEGE STATION WATER AND SEWER FUND Statement of Revenues and Expenditures (For the six-months period ended June 30, 1943) OPERATING REVENUES: Water revenue -$8,015.40 Less discounts allowed 716.99 $7,298.41 Sewer revenue Less discounts allowed- Other revenues _$1,783.75 . 167.54 1,616.21 122.63 Total OPERATING EXPENDITURES (total) $9,037.30 7,461.56 LESS Interest expense 1,575.74 296.71 Income transferred to surplus- $1,279.03 Current assets WATER AND SEWER FUND Balance Sheet June 30, 1943 ASSETS Deposit in Bank for Warrant Retire ment - Fixed Assets (appraisal value as of January 1, 1943, additions at cost)..$ 52,000.53 Less reserve for depreciation 9,103.06 $ 2,083.48 537.50 42,897.47 Total Assets $ 45,518.45 Current liabilities LIABILITIES Customer’s deposits Long-term liabilities Total Liabilities Surplus SURPLUS 1,295.36 736.75 11,856.63 13,888.74 31,629.71 Total Liabilities and Surplus $ 45,518.45 GENERAL FUND Statement of Revenues and Expenditures (For the six-months period ended June 30, 1943) REVENUES: Interest and penalties on Taxes $ 58.39 Licenses and permits 619.07 Other revenues 249.96 Total revenues EXPENDITURES: Administration Police Department Fire Department Health Department Street Department Other Expenditures $ 927.42 1,685.60 2.00 226.00 1,661.25 742.16 469.98 Total expenditures 4,786.99 Excess of expenditures over receipts- $ 3,859.57* ♦The expenditures exceed receipts for the six months period as a result of having treated taxes assessed for 1942 as income of the previous six-months period. GENERAL FUND—BALANCE SHEET June 30, 1943 ASSETS Cash $ 460.58 Taxes Receivable, delinquent $1,608.61 Less reserve for uncollectible taxes, delinquent 1,135.61 473.00 Dues from other funds Deposit with A. & M. College for fire protection 1,006.93 100.00 Total Assets $2,040.51 Accounts payable .. LIABILITIES SURPLUS Surplus, June 30, 1943 Total liabilities and surplus $ 27.20 2,013.31 $2,040.51 NOTE: The City of College Station holds in trust Firemen Pension Fund in the amount of $616.67 as of June 30, 1943. STATEMENT OF 1942-43 TAX LEVY AND COLLECTIONS 1942 Taxes certified by Equalization Board $7,096.58 1942 recorded supplemental roll 50.84 Deduct: Duplicates and calcellations approved by Council and other adjustments 7,147.42 64.55 Collections on 1942-43 taxes $7,082.87 - 6,570.86 1942-43 taxes uncollected as of June 30, 1943 -$ 512.01 UNCOLLECTED TAXES BY YEARS June 30, 1943 $ 1942-43 1941-42 1940-41 1939-40 512.01 410.56 517.14 168.90 Total -$1,608.61 ELECTRIC FUND Statement of Revenues and Expenditures (For the six-months period ended June 30, 1943) Revenues from sale of electricity $ 14,951.83 Less discounts allowed 1,350.63 Total Deduct operating expenses $ 13,601.20 11,673.64 Total Deduct interest expense 1,927.56 126.27 Profit transfered to earned surplus _ $ 1,801.29 ELECTRIC FUND Balance Sheet (For the six-months period ended June 30, 1943) ASSETS Current assets $ 4,080.21 Fixed assets (assets as of January 1, 1943 at appraisal values, additions at cost) _«. ._$ 13,282.49 Less reserve for depreciation 2,398.19 10,884.30 Total Assets $ 14,964.51 LIABILITIES AND SURPLUS Current liabilities Customers Deposits Long-term liabilities Total liabilities Surplus Total liabilities and surplus $ 14,964.51 1,949.50 1,615.25 3,140.08 6,704,83 8,259.68 -$ 14,964.51 118.75 89.68 13.00 67.55 228.73 2.60 4.87 17.87 19.50 GENERAL FUND PROPERTY ACCOUNT Service Maintainer $ 2-Metal Cabinets 2-Electric Fans 1-Typewriter 1-Adding Machine 1-Desk Chair 1-Secretary Chair 1-Oak Desk 1-Typewriter Desk : li/ 2 T-Dodge Truck 118.75 1-Filing Cabinet 11.00 1-Swivel Chair 4.87 VgT-Dodge Truck 273.12 1-1940 Chev. Coupe 465.00 Roads (College Park, Oakwood, West Park) 3,453.12 Roads (College Hills) 2,684.88 Roads (North Gate) 653.40 Total $8,226.69 UTILITY RATES ELECTRICITY: Residences: First 25 K. W. H @10^ each. Next 75 K. W. H @ Af ” All over 100 K. W. H @ 3^ ” Commercial Rates: First 25 K. W. H @10^ each. Next 400 £. W. H @ 5tf ” Next 1000 K. W. H @ 4^ ” All over 1425 K. W. H @ 2tf ” Water: First 1000 gallons @75$! Next 2000 gallons @40$! each. Next 3000 gallons @25$! ” All over 6000 gallons @20$! ” Sewer: Residential, 1 water closet 50c 2 or more 75c Commercial, billed according to water used. Note: Meters are read on or about the 20th of each month and all accounts are figured to that date. All bills are payable on or before the 10th of the succeeding month to avoid penalty of $1.00 and service stopped. Failure to receive bill does not extend delinquency date. Bills paid by mail must be postmarked by the 10th of the month to receive discount. WATER AND SEWER FUND Estimated Revenues and Expenditures (For the fiscal year ending June 30, 1944) OPERATING REVENUES: Water revenue (less discounts al lowed)' $ 15,385.00 Sewer revenue (less discounts al lowed) Other revenue (tapping fees, etc.) 3,167.50 370.00 Total estimated revenues OPERATING EXPENDTURES: Water purchased for resale $ Payments to College for sewer serv ice - Sewer pump operation ^ Maintenance and repair of water lines $ 18,922.50 7,500.00 500.00 670.00 Maintenance—repair of sewer lines Superintendence Office expense Auditing and legal fees, taxes and bad debts Depreciation 2,852.50 662.50 1.450.00 1.820.00 Other expense 520.00 2,717.00 125.00 $ 18,417.00 Interest expense 416.58 Total operating expense Estimated profit OTHER EXPENDITURES: Capital outlay $ 1,600.00 Retirement of debt 5,310.33 Total $ 6,910.33 18,833.58 88.92 Proposed Budget for 1943-44 CITY OF COLLEGE STATION GENERAL FUND Estimated Revenues and Expenditures (For the fiscal year ending June 30, 1944) ESTIMATED REVENUE: Tax revenue (less reserve for un collectible taxes) $ 7,300.00 Other revenue (permits, licenses, etc.) 1,342.00 Total estimated revenue $ 8,642.00 ESTIMATED EXPENDITURES: General government $ 3,285.00 Police department 220.00 Fire department 560.00 Health department 3,230.00 Street department 1,945.00 Other expenditures 400.00 Total estimated expenditures.— 9,640.00 Estimated loss on general fund $ 998.00 ELECTRIC FUND Estimated Revenues and Expenditures (For the fiscal year ending June 30, 1944) OPERATING REVENUE: Electric revenue (less discounts al lowed) $ 27,150.00 OPERATING EXPENDITURES: Electric current purchased $ Maintenance and repair Office expense Auditing and legal fees, taxes and bad debts Superintendence Depreciation 19,500.00 960.00 1,820.00 Sundry other expense 480.00 1,390.00 670.00 110.00 Interest expense 24,930.00 138.76 Total estimated operating ex pense 25,068.76 Estimated profit for fiscal year ending June 30, 1944 $ 2,081.24 OTHER EXPENDITURES: Capital outlay 1 $ Retirement of debt Total 1,200.00 1,101.29 .$ 2,301.29 STATEMENT OF PROGRESS Citizens and taxpayers should have an opportunity to know some thing of the progress that has been made during the past six months. Seventy tons of Uvalde Rock Asphalt have been placed on streets for maintenance. Street signs have been erected. Since January 1, 1943, maps of utilities, water and sewer, have been prepared. This information was secured from various sources as it was impossible to determine the exact location of some of these lines. The maps are being constantly revised. Tax maps have been enlarged to four times normal size with proper ty owenrs’ names in the proper lot and block number. The new highway on the Sulphur Springs Road is almost com pleted. This has incurred an added expense to the City due to the fact that electric and water lines had to be moved to give the necessary right-of- way. Also streets adjacent to this highway required additional work as a result of the new pavement. Citizens of College Station are greatly in debted to the Texas Highway Department for the paving of this street, an extremely beneficial addition to the City. A large warehouse has been rented to store all property, trucks tools, etc., when not in use. The budget for the fiscal year, 1943-44, has been tentatively ap proved by the City Council. The budget hearing has been set for 7:30 P. M., September 30, 1943, at the City Offices. The City Council respectively submits this statement for the con sideration of the Citizens of College Station. CITY OFFICIALS Ernest Langford Mayor E. E. Brown R. L. Brown C. W. Crawford M. T. Harrington J. A. Orr G. B. Wilcox Councilmen S. A. Lipscomb City Secretary Lloyd D. Smith Business Manager J. Wheeler Barger Attorney for City Claude W. Rodgers Assistant City Secretary *J. T. L. McNew City Engineer S. R. Wright City Sanitary Engineer Dr. J. E. Marsh City Health Officer Dr. T. 0. Walton, Jr. Assistant City Health Officer ♦Serving with armed forces.