BRUCEVILLE Eddy She City af Bucerille-Eddy. Gising inta the Sutwre 144 Wilcox Drive wnwbrucevlle-eddy.us Phone: (254) 859-5964 Eddy, Texas 76524 Fax: (254) 859-5779 City Council Meeting January 27, 2022, 6:00 pm Citizens are encouraged to follow COVID-19 safety measures provided by CDC guidelines. This meeting will be open to the public; however, Meetings are available to watch on our YouTube Channel: https:lyoutu.be/EfV2ndpilsA Please mute your phones and computers to avoid any interference during the meeting 1. Call to Order- Mayor Owens a) Greetings b) Invocation c) Pledge of Allegiance d) Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible. e) Roll Call 2. Public Hearing Council to consider remarks on the proposed rezoning of202 Evergreen from Residential to General Business District, 2.9935 acres more or less out of the Harris Extension Block 19, Lots A, B, and C (.8097 acre), Harris Extension Block 21, Lot 1 (0.7948 acre) and Prewitt Levi (1.389 acres) 3. Citizen Presentations- The City Council welcomes public comments at this point on items notspecifically listed on the agenda. Speakers must sign up before the meeting begins. Speakers are limited to five (5) minutes each. The Council cannot respond to matters not listed on the agenda until a future meeting. 4. Police Report- Chief Dorsey a. Police Report: Calls for Service: Total 111; Arrest, Offense, Incident Reports: Total 16; Crash Reports: Total 10; Citations and Warnings: Total 101 Year to date (January 1, 2021 - December 31. 2021) Calls for Service: 1,432; Arrest, Offense, Incident Reports: 229; Crash Reports: 123; Citations & Warnings: 1,828; Citations Total: 787, Warnings Total: 1,035. b. Code Enforcement : 9 pending violations and 6 properties in citation status. Year to date(January 1, 2021-December 31, 2021) Properties with City Ordinance Violations: 164; 15 day notices: 164; Citations issued for Ordinance Violations: 26 C. Council to discuss, consider, and possibly approve Ordinance 1-27-2022 regarding Sec. 2.04.013 regarding unlawful restraint of a dog(s). 5. Water Dept Report- Gene Sprouse 1 BRUCEVILLE Eddy She City of Bucerille-Eddy Rising into the Sutwre 144 Wilcox Drive wnw.brucevlle-eddly.us Phone: (254) 859-5964 Eddy, Texas 76524 Fax: (254)859-5779 6. Engineer's Report on Projects - Johnny Tabor a. Report on Projects b. Council to discuss, consider, and possibly take action to pay and sign the Pipeline Crossing Agreement between Union Pacific Railroad and the City of Bruceville-Eddy. Folder: 03288-07 in the sum of $7010.00, Folder 03288-6 in the sum of $7370.00, and Folder 03287-39 in the sum of $4000.00. Total amount due is $18,380.00. We have 5 folders to sign 03287-39, 03288-6, 03288-07, 03288-11, and 03288-13 with Union Pacific Railroad for the Pipeline Crossing Agreement. Consent Agenda: 7. Council to discuss, consider, and possibly take action on rezoning 202 Evergreen from Residential to General Business District more or less of 2.9935 acres. Property ID#'s 104518, 202 Evergreen, Property ID# 104522, and Property ID# 105261. 8. Council to discuss, consider, and possibly approving minutes from December 21, 2021 council meeting. 9. Council to discuss, consider, and possibly approve appointing a Representative for the Bluebonnet Water Supply Corporation Board of Directors. 10. Council to discuss, consider, and possibly amended and/or adopted a new procedure on late fees, extensions, due date, and water service agreement, presented by Natalie Moore. 11. Council to discuss, consider, and possibly take action on approving the City's Fiscal Year 2020-2021 Financial Audit Report (Brockway, Gersbach, Franklin, & Niemeier, P.C.) to be presented by Andrew Sauls. 12. Council to discuss, consider, and possibly take action on helping with the Duty Park Ball fields on Hungry Hill Road with upgrades, presented by Robert Reese 13. Council to discuss, consider, and possibly take action on sealed bids for installing street lights on Market Street and new city hall 14. Council to discuss, consider, and possibly take action on sealed bids for the bullet proof glass for the customer service window for the court and water department. 15. Finances: a. Council to discuss, consider, and possibly take action on approving accounts payable for December 2021 for the general and water fund accounts. b. Council to discuss, consider, and possibly take action on approving financial reports for December 2021 for the general and water fund accounts. 2 BRUCEVILLE Eddy She City of Buceille-Eddy ising inta the Sutwre 144 Wilcox Drive wrw.bruce/lle-eddy.us Phone: (254) 859-5964 Eddy, Texas 76524 Fax: (254) 859-5779 For the safety ofo citizens, council members, and staff, upon adjourning oft the city council meeting, citizens/visitors are asked to exit the building through thej front entrance to City Hall immediately. Any bags, backpacks, purses, etc., that are being brought into the council meeting room are subject to security screening. Anyone (citizens, visitors) attending a city council meeting will be subjected to a metal detector screening before entering the council meeting room. All items on the agenda are for discussion and/or action. The City Council reserves the right to adjourn into executive session at any time during the course of this meeting to discuss any of the matters listed above, as authorized by Texas Government Code Sections 551.071 (Consultation with Attorney), 551.072 (Deliberations about Real Property), 551.073 (Deliberations about Gifts and Donations), 551.074 (Personnel Matters), 551.076 (Deliberations about Security Devices,) and 551.086 (Economic Development). The city is committed to compliance with the Americans with Disabilities Act (ADA). Reasonable accommodations and equal access to communications will be provided to those who provide notice to the City Administrator at least 48 hours in advance. Please contact the City Administrator at (254) 859-5964 or fax at (254) 859-5779 for information or assistance. I, the undersigned authority, do hereby certify that the above Notice ofMeeting ofthe governing body oft the above named City of Bruceville-Eddy is a true and correct copy of said Notice and that I posted a true and correct copy of said Notice on the official notice case, at City Hall in the City of Bruceville-Eddy, Texas, a place convenient and readily accessible to the general public at all times, and said Notice was posted on the 21th day of January, 2022 at 5:40 pm. and remained SO posted, continuously, for at least 72 hours proceeding the scheduled time of said Meeting. Pam Comba H21-22 City of Bruceville-Eddy, Texas Date: Pam Combs, City Secretary 3 BRLCEVILLE #2 Eddy CITY OF BRUCEVILLE-EDDY- ZONING CHANGE Requirements for all zoning change application submittals: All: zoning change application. materials must be submitted by 11:00 a.m. on the intake deadline. Completed zoning change application (original, signed) Must be signed by the property owner, or in the case ofa a corporation or! partnership, documentation must be provided authorizing a single party to sign on behalf of the corporation or partnership Application fee (cash or check, only; checks made payable to City of Bruceville-Eddy) Zoning change application: $300.00 Conditional Use Permit Application: $500.00 Description of property location (in one ofthef following fonms) Property address Propertys survey / Legal description (subdivision name with lot andblock) Metes and bounds description Warranty deed (showing current ownership ofthe! property) Letter of request signed by property owner or applicant, including the following information: Reason for the request Proposed use oft the property Whether or how the proposed change will impact the surroundlingpropertes Whether the request is consistent with the Future Land Usel Map Digital copies ofall submittal documents Electronic copies in pdf format of allsubmitaldocuments Must be provided on a disc (CD orl DVD) or USB flash drive File names should include the name ofthe plat, and the name of each application document (i.e. "Jones Addition FieldNotes") 6 Sec 1# CA che Her For additional zoning change requirements, please refèrence Bruceville-Eddy Code ofOrdinances, Chapter 14 Applicant: Case #: Intake Date: Received by: Amount Paid: $_ 300.00 Cash/MOH/Check #: Receipt #: City of Bruceville-Eddy (254) 859-5964 143 Wilcox Drive Bruceville-Eddv. Texas 76524 City off Bruceville-Eddy 143 Wilcox Drive 254/859-5964 Eddy, Texas 76524 254/859-57791 fax Dear Council Members, Ihereby make application to gezone the property described by the McLennan County" Tax. Appraisal District as: Lot: BC/1 Block: 14 21 Addition: Harris ext / Psewitt levi AC 138A/-7948 Said Property is owned by:. Nelson M Tabacez Located at: Ey Texas The property is presentlyzoned:, Re Sider nel Irequest the zoning be changed to: Genecal Bus.hess Signed:, holas * 5 ) 02/26/20 Applicant Date Address_ S00 Fagk Or City_ B-ElAy SatTxzip 76524 Phone 818 355 3970 Authorization! by Ownert to Applicant State ofTexas $ County ofMcLennan. $ BEFORE ME, the undersigned authority, on this date personally appeared Morei No / to mei to whose NeSa Iahr Chownte bet the person name iss subscribed hereto and upon his/her oath deposed ands stated: M "My name is_ NPISon dba7 and] I am a resident of hoon County, Iam the owner ofthe: above-described, property: andl I hereby certify that I have given myi permission to To maket the above Application to Rezone and to the from Sep. change zoning Pesdonhst to ggnctal bsinss 500 Eagle Dr/elsan barat 500 EAgle Dr Address & : City, State, Zip 218 355 3520 Phones Subscribed and Sworn to before me on this the 26th day of febyuavy 2020, By: nla - bun PAMELACOMBS Pamelo Cemba NotaryiD" #4812386 Notary Public, State of Texas MyCommisionEapies June27,2021 BRUCEVILLE Eddy ITY OF ERUCEVILLE-EDDY- ZONING CHANGE General Zoning Change $300.00 Conditional Use Permit $500.00 Name(s) ofProperty Owner: Nelsan M Tabacez. Current. Address: 500 fagle Dr City: Elly State: Tx Zip16524- Primary Phone: 818355.3120 Cell Phone: C Email: nelson TGbarL @ 6malcon Name of Applicant: (If different than Property Owner) Address: 202 Evergreen City: Eddy State: Ix Zip: 76524 Primary Phone: ( Cell Phone: ( ) Emai!: Address/Location of property to be rezoned: 202 Evergireen Legal Description: Popcrfy ID# Is the rezone request consistent with the Comprehensive Plan? YES NO * Ifno, a FLUM amendment application must be submitted. Is there a simultaneous plat application forthis property? YES NO Total Acreage: 3 Number ofLots: 3 Type ofOwnership: Sole Ownership Partnership Corporation Other Present Zoning: < Present Use: Proposed Zoning: GB Proposed Use: busiaess goes tosleep at night ho netail, reticement Conditional el Use Permit for: heme This property was conveyed to owner by deed dated_ and recorded in Volume_ Page Instrument: Number_ oft the McLennan or Falls County Deed Records. (Attached) Is this the first rezoning application on: a unilaterally annexed tract? Yes (fee not required) No (submit required fee) City ofl Bruceville-Eddy (254) 859-5964 143 Wilcox Drive Bruceville-Eddy. Texas 76524 de 5 16 - Dvg A 60 REICSS EOKED Ez P g A # - do / 4 BAres Brs o RUSET 3a a % Vo po a BNVE - PIES S 6 a - S E s so s S a 3 2 Se pc & o, - € a - BNE - - a I 3 a E 4 : 3 a t - a a - a 4 E 4 E ADE 6 - a a ETAL : a a Vo & 6 à EE 6 - B - X 8 a a : B t I % - % - 1 DIE 5 1 6 db a A % E 3 8 E * % a & P 215 6 % a K06 9T & % 9 RB 1 1 & & o 55 a % a 5 a * a a 2 8 283 3 3 BBET g0 8 à - * o S 2 % % à - - & a a a W 65 3 S - t a - N 90 a 5 I 10 o & B 5 A N a 2 AODK 1o, a * o, <, % - A yBAR o, - & % s 9 99 * 1 A6 3 I I A 5AB a 1 E5 AAA % a * A & % BA * Ah vot 0, CINE J) 6 - oV C a SOUL0E - - V Gas33 y a 1079L218 % %. & 86 a 3 107,18 a a WARREN-SMETANA ENTERPRISES 414 COUNTY. ROAD 437 Eddy, Texas 76524 Phone: 254.749.9665 Email: farren@hot.rr.com November 5, 2021 City Council Supplemental Letter to letter dated December 11, 2019 Request to re-zone 202 Evergreen, Eddy, TX 76524 Request to re-zone the property shown in this package. Proposed use is General Business per City's Comprehensive Plan of property located next to Residentially zoned property. This re-zone should have minimal impact on adjacent properties. Digital copies were supplied on flash drive December 2019. Sincerely, Aaoo FRANK W. WARREN 2019030105 DEED Total Pages: : 2 WARRANTY DEED WHEN FILED, PLEASE RETURN TO: NELSON TABAREZ 306FRANKEIN-RD P.O,Bok 543 EDDY,7X76524 Eddyi TX 745a4 For good consideration, I Melva Williams, a single person (Grantor) of 608 4th STREET, EDDY 76524, County of McLennan, State of Texas, herby bargain, deed, and convey to NELSON TABAREZ (Grantee) of 306 Franklin Rd, Eddy, Texas 76524, County of McLennan, State of Texas, the following described land in McLennan County, free and clear with WARRANTY COVENANTS; to wit: HARRIS EXTENSION Block 19 Lot A B C Acres 0.8097; PREWITT LEVI Acres 1.389; HARRIS EXTENSION Block 21 Lot 1 Acres 0.7948 Grantor, for itself and its heirs, hereby covenants with Grantee, its heirs, and assigns, that Grantor is lawfully seized in fee simple of the above-described premises; that it has a good right to convey; that the premises are free from all encumbrances; that Grantor and its heirs, and all persons acquiring any interest in the property granted, through or for Grantor, will, on demand of Grantee, or its heirs or assigns, and at the expense of Grantee, its heirs or assigns, execute an instrument necessary for the further assurance of the title to the premises that may be reasonably required; and that Grantor and its heirs will forever warrant and defend all of the property SO granted to Grantee, its heirs, against every person lawfully claiming the same of any part thereof. WITNESS the hands and seal of said Grantors this ym day of Stplcwib1a Mulua Willens Grantor, Melva Williams pda 1M Hay a Grantee, Nelson Tabarez STATE OF Texas COUNTY OF McLennan On Seplembol 1,2014 before me, Shnhna M.Voyersonaly: appeared Melva Williams and Nelson Tabarez, personally know to me (or proved to me on the basis of satisfactory evidence) to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacities, and that by their signatures on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Bnatlua Signature Affiant A - % 2 Myy Known V Unknown SHATANA M. YOUNG IDs Produced DYNYS CCSL Commission # 130377796 My Commission Expires September 22, 2019 FILED AND RECORDED OFFICIAL PUBLIC RECORDS 9adyby J. A. "Andy" Harwell, Clerk 69/09/2019 09:43 S%.e Fee: $20.00 2019030105 DEED McLennan County,Texas EXHIBIT A All that certain 2.849 acres of larid in McLennan County, Texas, out of the L. Prewitt Survey, being those two tracts . of land conveyed by Margaret LaVerre Williams to Marsh Ann Redwine and Ray Douglas Willians, 1.9 acres by deed dated April, 1985 and recorded in Vol. 1515, Page. 807 of the Deed Records of McLennan Tescas and 3/4'a acre pf land hy deed'dated March' 5,1991 and recorded CountYA Vol. 1713, Page 328, said. deed records and described by metes and bounds as follows: Beginning at an iron stake found in the center of Evergreen Street for the" most" western northwest corner of said 1.9 acresi . Thence south 26 deg 55 min east 164.95 feet with said.street to an iron stake found for a Bouthwest corner of the 1.9 acresi Thence north 64 deg 51 min 32 seconds east 207.82 feet with the south line of's said tractoar-Troryee northwest corner of the 3/4 acre of land described herein; Thence south 25 deg 55 min 3 seconds east 116.91 feet to a corner pout 'found,en marked by an iron stake for the northwest corner of 1/4 acre of land: conveyed to T, G. Little by deed recorded in Vol. 621, Page 48, Baid deed records; 'Thence' north/6ldeg-29, Imin-22 seconds, east..96.72 feet to a corner postiAmarked miswaiaewias.Distn 56-spcomdRenRE aiapwats lotimiatiesat to'a'corner post.marked by an iron stake for the. southeast corner of samet Thence north 60 deg 46 min 20 seconds east 136.0 feet to an iron itake found for the southeast corner of said 3/4 acre, in the west line uk the Texaco tract as described in Vol. 786, Page 346, Baid deed records! Thence north 31 deg 0 min 8 seconds west 221.95 feec co an iron stake found, south 63 deg 16 min 26 seconds west 29.66 feet to an iron stake found and north 27 deg 32 min'g seconds west 252.75 feet with the lines of Baid tract to an iron stake. found for the northeast, corner of 4 said 1.9 acresi . Thence.south, 60 deg 11 min 22 geconds yest 202.88 feet to.an iron stake,, setsouth 26 deg 55 min east" 70'féet" to'an iron stake fourid and oMCVgnSt seconds west 194:,68. feet with the lines of the 1.9 acres" to' the pcdsgming kt: FNB KGrgr Ro.Brk 387 TK. 76657 Me Bugpn, 113 wIISs 111 CIIY wai 110 anu LE #4a BRUCEVILLE N Eddy : EST197A Police Department 143 Wilcox Dr. www.bruce/lle-edoyus Phone:254-859-5072 Eddy, TX 76524 Fax: 254-859-5258 Police Department Activity Report: December 1, 2021 = December 31, 2021 Calls for Service: Total 111 890 Dorsey 894 Martinez 896 Roman 65 18 28 Arrest, Offense, Incident Reports: Total 16 890 Dorsey 894 Martinez 896 Roman 8 3 5 Crash Reports: Total 10 890 Dorsey 894 Martinez 896 Roman 6 2 2 Citations & Warnings: Total 101 890 Dorsey 894 Martinez 896 Roman 22 citations 14 citations 21 citations 8 warnings 11 warnings 25 warnings Citations Total: 57 Warnings Total: 44 BRUCEVILLE à Eddy EST.19A Police Department 143 Wilcox Dr. telhxhnseile-adauw Phone:254-859-5072 Eddy, TX 76524 Fax: 254-859-5258 Bruceville-Eddy Police Department 2021 YTD Activity Report: January 1, 2021 - December 31, 2021 Calls for Service: Total 1,432 Arrest, Offense, Incident Reports: Total 229 Crash Reports: Total 123 Citations & Warnings: Total 1,828 Citations Total: 787 Warnings Total: 1,035 BRUCEVILLE Eddy ES ST.1974 City Ordinance Enforcement 143 Wilcox Dr. htelhhnsele-sdhus Phone:254-859-5072 Eddy, TX 76524 Fax: 254-859-5258 City Ordinance Enforcement Report YTD 2021 Activity Report: January 1, 2021 = December 31, 2021 Properties With City Ordinance Violations: Total 164 15-Day Notices: Total 164 Citations Issued for Ordinance Violations: Total 26 #4c ORDINANCE # 1-27-2022 Sec. 2.04.013 UNLAWFUL RESTRAINT OF A DOG In this subchapter "Adequate shelter" means a clean and sturdy structure: that allows the dog protection from rain, hail, sleet, snow, and subfreezing temperatures; and with dimensions that allow the dog while in the shelter to stand erect, sit, turn around, and lie down in a normal position. "Collar" means a band constructed of nylon, leather, or similar material, specifically designed to be placed around the neck of a dog. "Harness" means a set of straps constructed of nylon, leather, or similar material, specifically designed to restrain, or control a dog. "Owner" means a person who owns or has custody or control of a dog. "Properly fitted" means, with respect to a collar or harness, a collar or harness that: is appropriately sized for the dog based on the dog 's measurements and body weight; does not choke the dog or impede the dog 's normal breathing or swallowing; and is attached around the dog in a manner that does not allow for escape and does not cause pain or injury to the dog. "Restraint" means a chain, rope, tether, leash, cable, or other device that attaches a dog to a stationary object or trolley system. UNLAWFUL RESTRAINT OF DOG; OFFENSE. (a). An owner may not leave a dog outside and unattended by use of a restraint unless the owner provides the dog access to: (1) Adequate shelter; (2). An area that allows the dog to avoid standing water; (3) Shade from direct sunlight; and (4) Potable water. (b). An owner may not restrain a dog outside and unattended by use of a restraint that: (1) a chain; (2) has weights attached; (3) is shorter in length than the greater of: (A) five times the length of the dog, as measured from the tip of the dog 's nose to the base of the dog 's tail; or (B) 10 feet; (4) Is not attached to aj properly fitted collar or harness; or (5) Causes pain or injury to the dog. (c) A person commits an offense if the person knowingly violates this section. The restraint of each dog that is in violation is a separate offense. (d) An offense under this section is a Class C misdemeanor, except that the offense is a Class B misdemeanor if the person has previously been convicted under this section. (e) If conduct constituting an offense under this section also constitutes an offense under any other law, the actor may be prosecuted under this section, the other law, or both. EXCEPTIONS. (a) It is an exception to the application of this section that: (1) The owner uses a restraint on the dog in a public camping or recreational area in compliance with the requirements of the public camping or recreational area as defined by a federal, state, or local authority or. jurisdiction; (2) The owner uses a restraint on the dog while the owner and dog engage in, or actively train for, an activity conducted under a valid license issued by this state provided the activity is associated with the use or presence of a dog; (3) The owner uses a restraint on the dog while the owner and dog engage in conduct directly related to the business of shepherding or herding cattle or livestock; (4) The owner uses a restraint on the dog while the owner and dog engage in conduct directly related to the business of cultivating agricultural products; (5) The owner leaves the dog unattended in an open-air truck bed only for the time necessary for the owner to complete a temporary task that requires the dog to be left unattended in the truck bed; (6) The owner, or another person with the owner's permission, takes the dog from the owner's residence or property and restrains the dog for not longer than the time necessary for the owner to engage in an activity that requires the dog to be temporarily restrained; or (7) The owner uses a restraint on the dog while the owner and dog are engaged in, or actively training for, hunting or field trialing. (b) Section (b)(3) does not apply to a restraint attached to a trolley system that allows a dog to move along a running line for a distance equal to or greater than the lengths specified under thatsubdivision. (c) This subchapter does not prohibit a person from walking a dog with a handheld leash. State law reference- Unlawful Restraint of Dogs, Texas Health and Safety Code, Chapter 821. PASSED AND APPROVED by the City Council of the City of Bruceville-Eddy, Texas, on this the day of January 2022. Yeas Nay Mayor Linda Owens Date Pam Combs, City Secretary Date BRUCEVILLE #8 Eddy She City of Buucerille-Eddy Rising inta the Sutwre 144 Wilcox Drive wwbrucer/lle-eddy.us Phone: (254) 859-5964 Eddy, Texas 76524 Fax: (254)859-5779 City Council Minutes December 21, 2021, 6:30 pm (This was rescheduled from December 23rd, because of the Holiday) 1. Meeting Call to Order by Mayor Owens at 6:30 pm Council Members present: Connally Bass-Mayor Pro-Tem, Cecil Griffin, Richard Prater, James' Tolbert, and Ricky Wiggins. City employees present: Pam Combs-City Secretary, Gene Sprouse-Water Works Supervisor, Michael Dorsey- Chief of Police, Johnny Tabor-City Engineer, and Officer Roman. 2. Citizen Presentations- The City Council welcomes public comments at this point on items not specifically listed on the agenda. Speakers must sign up before the meeting begins. Speakers are limited to five (5) minutes each. The Council cannot respond to matters not listed on the agenda until a future meeting. Mayor Linda Owens, addressed the city council and citizens on stuff she had been working on: (1) We had a citizen that was worried and was thinking we were receiving $10,000.00 a year from McLennan County Child Safety Program, and they wanted to know why we were not giving it to the school. The city does not receive $10,000.00 a year. The city had saved up $10,653.40 in the child safety program. The city purchased 16 cameras in 2021 total amount $9,620.00 for the Bruceville-Eddy School District. (2) I spoke with Daniel Scott, District 6 on the CLFRF grant of$210,000.00 we received this year and we will receive another $210,000.00 next year. We have until 2023 to use this grant money. It can be used on water, sewer, and etc. Talked with water attorney regarding the grant money to make sure we would not get sued if we use it for that. He said as far he sees, there is nothing legal we could be sued for. Additionally, he will get back with us in the future, because he has someone working on it. (3) Mayor talked with Mr. Wiggins regarding the street lights for Market Street. He agreed it was a good price sO we ordered 10, two for outside the City Hall and 8 for Market Street. (4) The bullet proof glass we took a bid from Glass Doctor in Hewitt, and we had to put up a deposit for half ($6850.00) back in March 2021. As ofyet we have not received the glass SO we asked for a refund. Mayor has been calling around to get more estimates for the glass. (5) The Mayor had a meeting with Doc Anderson a couple of weeks ago, and they discussed the water issue we are having not able to get new water meters. He gave her some names and phone numbers to call regarding the situation. (6) December 16, 2021 talked with Mr. Busby with Humane Society regarding animal control. He went over some prices with her. Robert Reese, Anna Hobbs Ln, on behalf of the baseball association regarding the baseball fields on Hungry Hill Road. He addressed to the council about the upkeep on the ball field. Mr. Reese said it needs to be painted, the concession stand has mold in it, and there are issues with septic tank. Also, the ballpark needs lights sO they can have tournaments and there are electrical issues. BRUCEVILLE Eddy She City of Bucerille-Eddy Rising into the Sutwre 144 Wilcox Drive wwwbrucewlle-eddy.us Phone: (254)8 859-5964 Eddy, Texas 76524 Fax: (254)859-5779 3. Police Report- Chief Dorsey a. Police Report- Calls for Services: 96, Arrest, Offense, Incident Reports: 12, Crash Report: 11, Citations and Warnings: 140 b. Code Enforcement-8 pending violations; 3 properties pending citation; 5 properties in citation status. Chief Dorsey wanted to share with the citizens he put a sign up in front of the Police Department that says "Internet Purchase Safety Zone". This is for our citizens who buy or sell on the internet sO they can meet at this location to exchange the merchandise instead of giving out their address. 4. Water Dept Report- Gene Sprouse a. Council to discuss, consider, and possibly take action to approve a bid for the meter at Westridge Well. The bid for $2220.00 is just replacing the head oft the meter and the bid for $2548.00 is to replace the whole meter. Bids from KW Utilities Meter. Motion made by James Tolbert to approve the bid for replacing the whole meter at Westridge Well for $2548.00, 2nd by Connally Bass yeas 5 nay 0, motion passes. 5. Engineer Report-Johnny Tabor a. Council to discuss, consider, and possibly take action to approve the Engineering Services Agreement for doing the hydraulic analysis study on the water system. No action taken. We had already approved it on November 23, 2021 agenda for Mr. Tabor to do the Engineering Service Agreement. Council member Ricky Wiggins just had some questions regarding the engineering services agreement. b. Council to discuss, consider, and possibly take action for Tabor & Associates, Inc. to proceed now with Phase 1 of the Emergency Preparedness Plan for the water system. Motion made by Cecil Griffin to give Tabor and Associates, Inc. permission to proceed now with Phase 1 of the Emergency Preparedness Plan for the water system. 2nd by Connally Bass, yeas 5 nay 0, motion passes. To do this Tabor & Associates will be charging an hourly rate. Consent Agenda: 6. Council to discuss, consider, and possibly take action on animal safety and wellbeing resources to better our community, requested by Micah Forbes, Raby Road, Eddy, Texas. No action taken. After Mayor Owens meets with the Humane Society and ABC Clinic again, she will bring back all the information and facts to the council. 7. Council to discuss, consider and possibly take action for them to fund a water line improvement along County Rd 452 and explore our options, requested by Joe Connally. No action taken. Trent Horter called at 11:35 am said he will wait until we get the Hydraulic meter analysis study back from Tabor & Associates, before he requests to be put back on the agenda again. BRUCEVILLE Eddy She City of Bucerille-Eddy Rising inta the Suture 144 Wilcox Drive ww.bruce/lle-eddy.us Phone: (254) 859-5964 Eddy, Texas 76524 Fax: (254)859-5779 8. Council to discuss, consider, and possibly take action on water meter at 2613 N. Old Bruceville Rd, requested by Stacy and David Arnold. No action taken. Stacy and David Arnold were not available for the meeting. 9. Council to discuss, consider, and possibly address speed limit signs on FM 107 (31d Street), requested by Howard R. Edmiston, W.3 3rd, Eddy, Texas. Motion made by Ricky Wiggins for the mayor to get with Tx Dot and check on it and also for the mayor to check on the city ordinance along with our police chief to see ifthe city council can regulate any speed limit on any ofthe streets/roads in the city limits. 2nd by James Tolbert, yeas 5 nay 0, motion passes. 10. Council to discuss, consider, and possibly take action to approve the Final Plat for 911 Park Lake, where they are turning Lot 16, 17, and 18 into one lot. Already approved by Tabor and Associates. Motion made by Ricky Wiggins, that we approve the Final Plat for 911 Park Lake, Lots 16, 17, and 18 into one lot, 2nd Richard Prater, yeas 5 nay 0, motion passes. 11. Council to discuss, consider, and possibly take action on amending the original payment amount to Vivian Williams for the new city hall materials. The amount voted on the November 16, 2021 council meeting was $18,798.02. The new recommended amount is $17,810.90. Motion made by Ricky Wiggins to void the $18,798.02 amount we agreed on in the November 16, 2021 council meeting and pay $17, 810.90 to Vivian Williams prior to January 1, 2022. 2nd by Connally Bass, yeas 5 nay 0, motion passes. 12. Council to discuss, consider, and possibly take action on approving the minutes from November 16, 2021 and November 23, 2021 council meetings. Motion made by Ricky Wiggins to approve the minutes from November 16, 2021 and November 23, 2021 council meeting, 2nd by James Tolbert, yeas 5 nay 0, motion passes. 13. Finances: a. Council to discuss, consider, and possibly take action on approving financial reports for October 2021 and November 2021 for general and water funds. Motion made by James Tolbert to approve financial reports for October 2021 and November 2021 for general and water funds. 2nd by Ricky Wiggins, yeas 5 nay 0, motion passes. b. Council to discuss, consider, and possibly take action on approving accounts payable for October 2021 and November 2021 for general and water funds. Motion made by James Tolbert to approve accounts payable for October 2021 and November 2021 for general and water funds. 2nd by Ricky Wiggins, yeas 5 nay 0, motion passes. Mayor and City Council Agenda Items Request: 14. Council to discuss, consider, and possibly take action on taking applications for a City Administrator. Motion made by Ricky Wiggins to post applications for a City Administrator once the job description is reviewed, 2nd by Connally Bass, yeas 5 nay 0, motion passes. BRUCEVILLE Eddy She City of Buucerille-Eddy Rising into the Sutwe 144 Wilcox Drive wwwbrucer/lle-eddy.us Phone: (254) 859-5964 Eddy, Texas 76524 Fax: (254) 859-5779 15. Council to discuss, consider, and possibly take action on giving our City Secretary (Pam Combs) an additional hourly raise due to the fact that she is performing the City Administrator's duties in addition to her duties. This raise is to be retroactive from Sonya Bishop's departure from the employment of the City and continue until the City Administrator position is filled and that person assumes the duties of the City Administrator. Council adjourned to Executive session at 8:09 pm to discuss Item # 15, Executive session ended it at 8:15 pm Motion made by Ricky Wiggins to give City Secretary (Pam Combs) an additional hourly raise, as discussed in executive session, due to the fact that she is performing the City Administrator's duties in addition to her duties. This raise is to be retroactive from Sonya Bishop's departure from the employment ofthe City and continue until the City Administrator position is filled and that person assumes the duties of the City Administrator.2" by James Tolbert, yeas 5 nay 0, motion passes. 16. Council to discuss, consider, and possibly take action on changing the council meeting start time to 6:00 pm instead of 6:30 pm. Motion made by James Tolbert to change the council meeting start time from 6:30pm to 6:00pm, 2nd by Connally Bass yeas 5 nay 0, motion passes Motion made by Cecil Griffin to adjourn the council meeting at 8:17 pm, 2nd by James Tolbert, yeas 5 nay 0, motion passes. Linda Owens, Mayor Date Pam Combs, City Secretary Date City ofBruceville-Eddy Council Citizen Participation Form This form is furnished for citizens that wish to address council on a matter that may or maynot be on the agenda. This Council may or may not take action to the extent allowed by law. Tlis is a forum to address the Council only. Please fill out this form and turn in to the City Administrator prior to the meeting being called to order. NAME Linda Ousens ADDRESS 2201003r PHONE # 25W)541-901 SUBJECT OF CONCERN WITH INFORMATION TO BE. ADDRESSED TO COUNCIL: Things that )0 have Deon (2or Rine 0y7 SIGNED cle DATE 18121134 NO ACTION CAN BE TAKEN AT THIS TIME. 1. When called on by the Mayor, please step to the podium and state your name and address before beginning your presentation. 2. Please limit your remarks five (5) minutes, unless previously approved by the Mayor. 3. Persons speaking on the same topic are encouraged to appoint one spokesperson to present views of the group. The Citizen Participation portion oft the meeting promotes a fair and open process for the governance of the City of] Bruceville-Eddy. It allows people to address the City Council or register a position on any issue. This portion ofthe meeting is an opportunity for citizens to share their views and inform the Council about situations related to city government. Iti is not intended to be an extended discussion or a debate. City ofBruceville-Bddy Council Citizen Participation Form This form is furnished for citizens that wish to address council on a matter that may or may not be on the agenda. This Council may or may not take action to the extent allowed by law. This is a forum to address the Council only. Please fill out this form and turn in to the City. Administrator prior to the meeting being called to order. NAME Tobea Zeese ADDRESS 341 Anvia Hobbs 1n PHONE # 973 363- 6977 SUBJECT OF CONCERN WITH INFORMATION TO BE. ADDRESSED TO COUNCIL: Baseball Assbaien t Ball frells SIGNED DATE ualalaoa NO ACTION CAN BE TAKEN AT THIS TIME. 1. When called on by the Mayor, please step to the podium and state your name and address before beginning your presentation. 2. Please limit your remarks five (5) minutes, unless previously approved by the Mayor. 3. Persons speaking on the same topic are encouraged to appoint one spokesperson to present views of the group. The Citizen Participation portion of the meeting promotes a fair and open process for the governance oft the City of Bruceville-Eddy. It allows people to address the City Council or register aj position on any issue. This portion ofthe meeting is an opportunity for citizens to share their views and inform the Council about situations related to city government. It is not intended to be an extended discussion or a debate. City of Bruceville-Eddy Engineer's Report 12-21-2021 1. USDA Rural Development = New Wastewater System: USDA RD Terri Chenoweth issued an email review on November 22nd of the Contract Documents and Specifications. We are making the revisions identified which will be completed by mid-January 2022. To date, the USDA RD State Office has not issued any review statements for Plans, Contract Documents and Specifications. 2. Hydraulic Analysis & System Mapping Update: The City Council authorized the Hydraulic Analysis & System Mapping at the November 23rd Council Meeting and an Engineering Service Agreement was signed by all parties on November 30th. We have not proceeded with the work due to reported Council contract questions. BRUCEVILLE Eddy She City of Bucerille-Eddy Rising into the Sutune 144 Wilcox Drive ww.brucevlle-eddy.us Phone: (254) 859-5964 Eddy, Texas 76524 Fax: (254)859-5779 CITY COUNCIL SIGN IN SHEET Meeting December 21, 2021, 6:30 pm Name Address Lannie Bivins Ingi7nplaApasg EDDY Biving L( l - Jaymond akew Veun 3965-oc PacRo MICH FORRES RRA PR Rsuce MClotn 604 Zulo Ar ou JAo Bowsa 8s1b.320 ST, & 8 dp Bluebonnet Water e Supply Corporation 8 6100 Water Supply Road o Temple, Texas 76502 o (254) 986-2949 o Fax (254) 986-2418 U 90 #9 December 30, 2021 TO: Members of Bluebonnet Water Supply Corporation INFO: Members, Credentials Committee Subject: Resolution for Appointment of Representative to the Bluebonnet Water Supply Corporation Board of Directors The Bluebonnet Water Supply Corporation By-laws provide that each Member has the right to appoint two (one Primary and one Alternate) qualified persons to be elected and serve on the Bluebonnet Water Supply Corporation Board of Directors for a period of one (1) year. The person you select to represent your system on the Bluebonnet Water Supply Corporations Board of Directors shall be nominated by a resolution form from your governing body. An adopted form is attached for your use and convenience. In your consideration in nominating the qualified persons, the Corporation's By-laws state the following: The Board of Directors shall adopt and maintain a Conflict of Interest Policy designed to promote the business oft the Corporation and serve the interest of the Membership (Article V Section 3). At the annual meeting of the members each regular Member shall be entitled to appoint two (2) individuals (one Primary and one Alternate) to serve on the Board of Directors of the Corporation. Nominees must have the following qualifications: Residence or membership in the Municipal Corporation, non-profit water supply corporation or political subdivision oft the regular member nominating such individual. At no time shall the regular members nominate an individual or manager to represent more than one regular member on the Board of Directors. Nominee must meet the qualifications of Texas Water Code Sec 67.0051. The Nominating Resolutions should be mailed back to Bluebonnet Water Supply Corporation office by February 01, 2022. The resolutions must be available to the Secretary/Treasurer: SO they can be made part of the Minutes before the annual meeting. Kind regards, m Killay Jim Lilley General Manager Bluebonnet WSC RECEIVED JAN 0 3 2022 This institution is an equal opportunity provider and employer. If you wish to file a Civil Rights program complaint of discrimination, complete the USDAI Program Discrimination Complaint Form, found online at mplhmasasagowcomphinutng.austhm, or ata any USDAC office, or call (866) 632-9992 to request thet form. Your may also write al letter containing all oft thei information requestedi int thef form. Sendy your completed complaint form orl letter to ust by maila at U.S. Department ofA Agriculture, Director, Officec ofA Adjudication, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, byi fax (202) 690-7442 ore email atp pogamintakeOusdagow. RESOLUTION NOMINATING CANDIDATE FOR ELECTION TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING OF BLUEBONNET WATER SUPPLY CORPORATION WHEREAS, the (Name of WSC or City) is a Regular Member of Bluebonnet Water Supply Corporation as a direct result of entering into a water sales and purchase contract with the Bluebonnet Water Supply Corporation: and WHEREAS, the By-laws ofthe Bluebonnet Water Supply Corporation stipulate that at the Annual meeting oft the members, each Regular Member shall be entitled to Nominate two individuals (One Primary and the second alternate) to serve on the Board ofDirectors of] Bluebonnet Water Supply Corporation, provided that the nominee is not in violation of the Bluebonnet Water Supply Corporation Conflict of Interest Policy and meets the Qualifications of Texas Water Code Sec. 67.0051: and Whereas, the (Name of WSC or City) has determined that it would be to its best interest to have such a voting member on the Bluebonnet Water Supply Corporation Board of Directors and does desire to have such a Board Member elected at the Annual meeting of the members of (Date) Bluebonnet Water Supply Corporation. NOWTHEREFORE, it be resolved by the (Governing Body) ofthe that (Name of WSC or City) (Name, address, and telephone number of Candidate, indicate Primary or Alternate) be and is hereby nominated for election to the Board of Directors of Bluebonnet Water Supply Corporation at the Annual Meeting ofthe members of (Date) Bluebonnet Water Supply Corporation. THIS resolution passed by the (Name of Governing Body) of on the (Name of WSC or City) (Date) day of 20 (Month) Signed (President, Mayor) ATTEST: (Secretary) (Name of WSC or City) R MUARY APPLICATION FOR BOARD OF DIRECTOR'S POSITION OF THE BLUEBONNET WATER SUPPLY CORPORATION ("CORPORATION") This form must be accompanied by a Resolution oft the sponsoring Member, requesting that the applicant's name be placed on the ballot as a candidate for director. The application form must be completed and submitted to the Corporation's main office by. for the applicant's name to be placed on the ballot. Biographical Information : Applicant's Name: Mailing Address: Phone #: Water System Member Since: Director Position Sought: (Name of WSC or City) Primary/Alternate: Qualifications (will be sent to Members with Ballot): Previous Board of Director Experience: Busines/Government Experience: Education: Personal Statement: Affirmation and Pledge to serve: I, will be at least 18 years of age on the first day ofthe director term; having been nominated by a Corporation Member; have not been determined by a court exercising probate jurisdiction to be totally mentally incapacitated or partially mentally incapacitated without the right to vote; and have not been finally convicted ofa a felony. I have reviewed the Corporation's by-laws and I meet the qualifications set forth therein. If elected, I pledge to serve in a director position on the Corporation's Board of Directors; and will do my best to attend all meetings, regular or called, as designated by the board. Under Penalties of! perjury, I declare that I have reviewed the information presented in this application, including accompanying documents, and to the best of my knowledge and belief, the information is true, correct and complete. Signature of Applicant: Date Verification of Qualification To Serve as a Director on the Bluebonnet Water Supply Corporation Board of Directors please answer the following questions with a Yes ofNo in the space provided. Are you a Customer or a Member oft the Membership within Bluebonnet Water Supply Corporation? Are you representing more than one regular member as a Director? Are you a. Developer of property within the Corporation's S service area? Are you an employee of a developer of property within the Corporation's service area? Are you an employee of any director, manager, engineer, or attorney for the Corporation? Are you serving as a consultant, engineer, attorney, manager, or in any other professional capacity for the corporation or for a developer or in any other professional capacity for the corporation or for a developer of property within the service area of the corporation? Are you party to a contract with the corporation, other than a contract or purchase of water services furnished by the corporation to the corporation's members? Are you party to a contract with any developer of property within the service area of the corporation or conveying real property within the service area of the corporation for the purpose of establishing a residence or commercial business within the corporation's service area? Are you an immediate family member of any Director of the corporation or any person serving in a managerial capacity, attorney, accountant, engineer on the behalf oft the corporation, or Officer, or Director of any banking institution retained as a depository for the funds of or on behalf oft the corporation or any savings and loan association which holds any indebtedness of the corporation? I, the undersigned nominee, declare that the above answers on this form were completed by me and are accurate to the best of my knowledge. Signed: Date: 47EKNA7E APPLICATION: FOR BOARD OF DIRECTOR'S POSITION OF THE BLUEBONNET WATER SUPPLY CORPORATION ("CORPORATION") This form must be accompanied by a Resolution of the sponsoring Member, requesting that the applicant's name be placed on the ballot as a candidate for director. The application form must be completed and submitted to the Corporation's main office by 4 February 2013 for the applicant's name to be placed on the ballot. Biographical Information: Applicant' S Name: Mailing Address: Phone #: Water System Member Since: Director Position Sought: (Name of WSC or City) Primary/Alternate: Qualifications (will be sent to Members with Ballot): Previous Board of! Director Experience: Business/Goverment Experience: Education: Personal Statement: Affirmation and Pledge to serve: I, will be at least 18 years of age on the first day of the director term; having been nominated' by a Corporation Member; have not been determined by a court exercising probate jurisdiction tol be totally: mentally incapacitated or partially mentally incapacitated without the right to vote; and have not been finally convicted of a felony. Ihave reviewed the Corporation' S by-laws and I meet the qualifications set forth therein. Ife elected, Ipledge to serve in a director position on the Corporation's Board of] Directors; and will do my best to attend all meetings, regular or called, as designated by the board. Under Penalties of perjury, I declare that I have reviewed the information presented in this application, including accompanying documents, and to the best of my knowledge and belief, the information is true, correct and complete. Signature of Applicant: Date Verification of Qualification To Serve as a Director on the Bluebonnet Water Supply Corporation Board of] Directors please answer the following questions with a Yes ofNo in the space provided. Are you a Customer or a Member of the Membership within Bluebonnet Water Supply Corporation? Are you representing more than one regular member as a Director? Are you a Developer of property within the Corporation* S service area? Are you an employee of a developer of property within the Corporation's service area? Are you an employee of any director, manager, engineer, or attorney for the Corporation? Are you serving as a consultant, engineer, attorney, manager, or in any other professional capacity for the corporation or for a developer or in any other professional capacity for the corporation or for a developer ofproperty within the service area of the corporation? Are you party to a contract with the corporation, other than a contract or purchase of water services furnished by the corporation to the corporation's members? Are you party to a contract with any developer of property within the service area ofthe corporation or conveying real property within the service area of the corporation for the purpose of establishing a residence or commercial business within the corporation's service area? Are you an immediate family member of any Director of the corporation or any person serving in a managerial capacity, attorney, accountant, engineer on the behalf of the corporation, or Officer, or Director of any banking institution retained as a depository for the funds of or on behalf oft the corporation or any savings and loan association which holds any indebtedness of the corporation? I, the undersigned nominee, declare that the above answers on this form were completed by me and are accurate to the best of my knowledge. Signed: Date: BRUCEVILLE #10 Eddy She City of Buucerille-Eddy Rising inta the Sutwre 143 Wilcox Drive ww.bruce/lle-eddy.us Phone: (254)859-5964 Eddy, Texas 76524 Fax: (254) 859-5779 I, the undersigned authority, do hereby request to be placed on the agenda A022 of: January 27 2021t0 discuss the following: lle Rees,fastensians Dwdate Woer agreemens. ) - 2022- Dated this day of January 2021 Signed: Phone Number for contact: Home: 0am5416044 -la8y Address: 4350ld maody Fd MUST BE APPROVED BY MAYOR Mayor Connally Bass Moved to next agenda of regular council session for approval: City of Bruceville-Eddy #11 144 Wilcox Drive 254-859-5964 ph. Eddy, Texas 76524 254.859.5779 Fax I, the undersigned authority, do hereby request to be placed on the agenda of: January 27, 2022 to discuss the following: The City's Fiscal Year 2020-2021 Financial Audit Report Brockway, Gersbach, Franklin & Niemeier, P.C to present-Andrew Sauls th 6 Dated this day of Tanoary 2022 Signed: Phone Number for contact: Home: Cell: Address: MUST BE APPROVED BY MAYOR Mayor Linda Bass Moved to next agenda of regular council session for approval: City of Bruceville-Eddy,Texas September 30, 2021 Financial Statements IBGFN - - CERTIFIED PUBLIC ACCOUNTANTS CITY OF BRUCEVILLE-EDD, TEXAS FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 TOGETHER WITH INDEPENDENT AUDITOR'S REPORT THEREON AND REQUIRED SUPPLEMENTARY INFORMATION CONTENTS Independent Auditor's Report 1-3 Management's Discussion and Analysis 5-11 Basic Financial Statements Government - Wide Financial Statements: Statement of Net Position 14-15 Statement of Activities 16-17 Fund Financial Statements: Balance Sheet - Governmental Fund 18 Reconciliation of the Balance Sheet of the Governmental Fund to the Statement of Net Position 19 Statement of Revenues, Expenditures and Changes in Fund Balance - Governmental Fund 20 Reconciliation oft the Statement of Revenues, Expenditures and Changes in Fund Balance to the Statement of Activities 21 Statement of Net Position - Proprietary Funds 22-23 Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds 24 Statement of Cash Flows - Proprietary Funds 26-27 Notes to Financial Statements 31-55 Required Supplementary information Schedule of Funding Progress - TMRS Pension Plan 59 Schedule of Changes in Net Pension Liability (Asset) and Related Ratios 60-61 Schedule of Pension Contributions 62 CONTENTS (CONTINUED) Required Supplementary Information (Continued) Schedule of Changes in Total OPEB Liability and Related Ratios 63 Schedule of OPEB Contributions 64 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund 65 Schedule of Revenues, Expenses and Changes in Net Position - Budget and Actual - Water Fund 66 Notes to Required Budgetary Information 67 Individual Fund Financial Statements Comparative Balance Sheets - General Fund 71 Comparative Statements of Net Position - Water Fund 72-73 Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government. Auditing Standards 75-76 BGFN CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITOR'S REPORT Honorable Mayor and Members of the City Council City of Bruceville-Eddy, Texas Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business-type activities and each major fund of the City of Bruceville-Eddy, Texas (the City), as of and for the year ended September 30, 2021, and the related notes to financial statements, which collectively comprise the City's basic financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. 1- 3520 SW H.K. DODGEN LOOP a TEMPLE, TEXAS 76504 - 254.773.9907 - FAX 254.773.1570 WWWIEMPLECPA.COM INDEPENDENT AUDITOR'S REPORT (CONTINUED) Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities and each major fund of the City of Bruceville-Eddy, Texas, as of September 30, 2021, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis, schedule of funding progress, schedule of changes in net pension liability (asset) and related ratios, schedule of pension contributions, schedule of changes in total OPEB liability and related ratios, schedule of OPEB contributions and budgetary comparison information on pages 5 through 11 and 59 through 67 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City's basic financial statements. The individual fund financial statements are presented for purposes of additional analysis and are not a required part of the basic financial statements. The individual fund financial statements are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the individual fund financial statements are fairly stated, in all material respects, in relation to the basic financial statements as a whole. 2- INDEPENDENT AUDITOR'S REPORT (CONTINUED) Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 13, 2021, on our consideration of the City's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City's internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City's internal control over financial reporting and compliance. - un RC Thorhig Temple, Texas December 13, 2021 -3- This page is left blank intentionally. 4 MANAGEMENTS DISCUSSION AND ANALYSIS CITY OF BRUCEVILLE-EDDY, TEXAS FOR THE YEAR ENDED SEPTEMBER 30, 2021 MANAGEMENTS DISCUSSION AND ANALYSIS In this section of the Annual Financial Report, we, the managers oft the City of Bruceville-Eddy, Texas, discuss and analyze the City's financial performance for the fiscal year ended September 30, 2021. Please read it in conjunction with the Independent Auditor's Report on pages 1 through 3, and the City's Basic Financial Statements, which begin on page 14. FINANCIAL HIGHLIGHTS The City's net position increased by $ 652,093 as a result of this year's operations. The General Fund ended the year with a fund balance ofs 2,791,631. During the year, the City had governmental expenses that were $ 338,461 less than the $ 1,209,857 generated in tax and other revenues for governmental programs. The total cost of all the City's programs was $ 2,281,792. Of this amount, $ 1,990,307 was directly attributed to Public Safety (Police Department) and Water Services. The remainder of the cost was mainly for general government and street repair. USING THIS ANNUAL REPORT This annual report consists of a series of financial statements. The government-wide financial statements include the Statement of Net Position and the Statement of Activities (on pages 14 through 17). These provide information about the activities of the City as a whole and present a longer-term view of the City's property and debt obligations and other financial matters. They reflect the flow of total economic resources in a manner similar to the financial reports of a business enterprise. Fund financial statements (starting on page 18) report the City's operations in more detail than the government- wide statements by providing information about the City's most significant funds. For governmental activities, these statements tell how services were financed in the short-term as well as what resources remain for future spending. They reflect the flow of current financial resources and supply the basis for tax levies and the appropriations budget. Proprietary statements provide the same type of information as the government-wide financial statements, only in more detail. The notes to financial statements (starting on page 31) provide narrative explanations or additional data needed for full disclosure in the government-wide statements and the fund financial statements. Reporting the City as a Whole The Statement of Net Position and the Statement of Activities The analysis of the City's overall financial condition and operations begins on page 14. Its primary purpose is to show whether the City is better or worse off as a result of the year's activities. The Statement of Net Position includes all the City's assets and liabilities at the end of the year while the Statement of Activities includes all the revenues and expenses generated by the City's operations during the year. 5 MANAGEMENT'S DISCUSSION AND ANALYSIS CITY OF BRUCEVILLE-EDDY, TEXAS FOR THE YEAR ENDED SEPTEMBER 30, 2021 All of the current year's revenues and expenses are taken into account regardless of when cash is received or paid. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal years (e.g. uncollected taxes). Both the statement of net position and the statement of activities are prepared utilizing the accrual basis ofaccounting. These two statements report the City's net position and the changes in them. The City's net position (the difference between assets and liabilities) provide one measure of the City's financial health, or financial position. Over time, increases or decreases in the City's net position are one indicator of whether its financial health is improving or deteriorating. To fully assess the overall health of the City, however, you should consider nonfinancial factors as well, such as changes in the property tax base and the condition of the City's facilities. In the Statement ofl Net Position and the Statement of Activities, the City is divided into two kinds of activities. Governmental activities - Most of the City's basic services are reported here, including the public safety, streets, and general government. Property taxes, fines and sales taxes finance most oft these activities. Business-type activities - The City charges a fee to customers to help cover all or most of the cost of certain services it provides. The City's water and sewer system activities are reported here. Reporting the City's Most Significant Funds Fund Financial Statements The fund financial statements provide detailed information about the most significant funds - not the City as a whole. Some funds are required to be established by state law and by bond covenants. The City's two kinds of funds - governmental and proprietary - utilize different accounting approaches. Governmental fund - The majority of the City's basic services are reported in governmental funds, which focus on how money flows into and out of those funds and the balances left at year-end that are available for spending. These funds are reported using an accounting method identified as the modified accrual basis of accounting, which measures cash and all other financial assets that can readily be converted to cash. The governmental fund statements provide a detailed short-term view of the City's general government operations and the basic services it provides. Governmental fund information helps you determine whether there are more or fewer financial resources that can be spent in the near future to finance the City's programs. By comparing information presented for the governmental fund with similar information presented for governmental activities in the government-wide financial statements, readers may better understand the long-term impact of the government's near-term financing decisions. The relationships or differences between governmental activities (reported in the Statement of Net Position and the Statement of Activities) and governmental fund statements are detailed in a reconciliation following the fund financial statements. 6- MANAGEMENTS DISCUSSION AND ANALYSIS CITY OF BRUCEVILLE-EDDY, TEXAS FOR THE YEAR ENDED SEPTEMBER 30, 2021 Proprietary fund - The City charges customers for the services it provides, whether to outside customers or to other units within the City. These services are generally reported in the proprietary fund. The proprietary fund is reported in the same way that all activities are reported in the Statement of Net Position and the Statement of Activities. In fact, the City's enterprise funds are identical to the business-type activities that are reported in the government-wide statements, but provide more detail and additional information such as cash flows for the proprietary fund. GOVERNMENT-WIDE FINANCIAL ANALYSIS The City's combined net position was $ 8,523,343 as of September 30, 2021. Analyzing the net position and net expenses of governmental and business-type activities separately, the business-type activities net position was $ 4,657,688 and the governmental activities net position was $ 3,865,655. 7- MANAGEMENT'S DISCUSSION AND ANALYSIS CITY OF BRUCEVILLE-EDDY, TEXAS FOR THE YEAR ENDED SEPTEMBER 30, 2021 The following condensed financial statements focus on the Net Position (Table I) and Change in Net Position (Table II) of general revenues and significant expenses of the City's governmental and business-type activities. Table I NET POSITION Total Governmental Business-Type Primary Activities Activities Government 2021 2020 2021 2020 2021 2020 Current and other assets $3,077,665 $2,565,095 $2,711,315 $2,648,891 $5,788,980 $5,213,986 Noncurrent and capital assets 1,132,829 1,137,155 4,426,095 4,551,307 5,558,924 5,688,462 Total assets 4,210,494 3,702,250 7,137,410 7,200,198 11,347,904 10,902,448 Deferred outflows 21,822 24,842 15,496 13,485 37,318 38,327 Total assets and deferred outflows 4,232,316 3,727,092 7,152,906 7,213,683 11,385,222 10,940,775 Other liabilities 51,184 83,597 137,327 210,656 188,511 294,253 Long-term liabilities 41,037 41,177 2,319,915 2,624,010 2,360,952 2,665,187 Total liabilities 92,221 124,774 2,457,242 2,834,666 2,549,463 2,959,440 Deferred inflows 274,440 75,124 37,976 34,961 312,416 110,085 Total liabilities and deferred inflows 366,661 199,898 2,495,218 2,869,627 2,861,879 3,069,525 Net Position: Net investment in capital assets 1,044,945 1,040,765 2,073,658 1,909,524 3,118,603 2,950,289 Restricted 180,993 70,754 399,955 379,957 580,948 450,711 Unrestricted 2,639,717 2,415,675 2,184,075 2,054,575 4,823,792 4,470,250 Total Net Position $3,865,655 $3,527,194 $4,657,688 $4,344,056 $8,523,343 $7,871,250 - 8- MANAGEMENT'S DISCUSSION AND ANALYSIS CITY OF BRUCEVILLE-EDDY, TEXAS FOR THE YEAR ENDED SEPTEMBER 30, 2021 Table II CHANGE IN NET POSITION Total Governmental Business-Type Primary Activities Activities Government 2021 2020 2021 2020 2021 2020 Revenues: Program Revenues Charges for services $ 408,608 $ 523,357 $1,718,844 $1,776,738 $2,127,452 $2,300,095 Grants and contributions 93,225 588,900 93,225 588,900 General Revenues: Property tax 388,304 373,717 388,304 373,717 Sales tax 101,386 92,211 101,386 92,211 Other taxes 55,758 58,152 55,758 58,152 Investment earnings 3,200 16,192 3,321 16,908 6,521 33,100 Gain on sale of capital assets 2,800 2,800 Miscellaneous 159,376 60,813 1,863 1,932 161,239 62,745 Total Revenue 1,209,857 1,716,142 1,724,028 1,795,578 2,933,885 3,511,720 Expenses: General government 268,243 325,039 268,243 325,039 Public safety 579,911 558,980 579,911 558,980 Streets 22,542 44,600 22,542 44,600 Interest on long-term debt 700 1,536 700 1,536 Water and sewer 1,410,396 1,387,506 1,410,396 1,387,506 Total Expenses 871,396 930,155 1,410,396 1,387,506 2,281,792 2,317,661 Change in net position 338,461 785,987 313,632 408,072 652,093 1,194,059 Net position - beginning 3,527,194 2,741,207 4,344,056 3,935,984 7,871,250 6,677,191 Net position ending $3,865,655 $3,527,194 $4,657,688 $4,344,056 $8,523,343 $7,871,250 9 MANAGEMENT'S DISCUSSION AND ANALYSIS CITY OF BRUCEVILLE-EDDY, TEXAS FOR THE YEAR ENDED SEPTEMBER 30, 2021 A large portion of the City's net position (37%) reflects its investment in capital assets (e.g., land, buildings, infrastructure, machinery and equipment) less any related debt used to acquire those assets that is still outstanding. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the City's investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. An additional portion of the City's net position (7%) represents resources that are subject to external restrictions on how they may be used. The balance of unrestricted net position, $ 4,823,792, may be used to meet the government" S ongoing obligations to citizens and creditors. At the end of the fiscal year, the City is able to report positive balances in both categories of net position for the government as a whole. For the year ended September 30, 2021, revenues from governmental activities totaled $ 1,209,857. Charges for public safety services accounted for 34% of these revenues and property taxes accounted for 32% ofthe total. For the year ended September 30, 2021, expenses for governmental activities totaled $ 871,396. The City's three largest funded programs are for general government, public safety and streets. Revenues of the City's business-type activities were $ ,724,028 for the year ended September 30, 2021. Expenses for the City's business-type activities were $ 1,410,396. The City's largest business-type activities expense was the purchase ofwater. THE CITY'S FUNDS As the City completed the year, its governmental fund (as presented in the balance sheet on page 18) reported a fund balance of $2 2,791,631, which is higher than last year's total of$ 2,471,913. CAPITAL ASSETS AND DEBT ADMINISTRATION Capital Assets As of September 30, 2021, the City had $ 5,408,636 (net of accumulated depreciation) invested in a broad range of capital assets, including facilities, equipment and land. This amount represents a net decrease of$ 160,347 due to current year purchases and contributions being less than depreciation and current year disposals. This year's major additions included: Buildings and improvements $ 166,871 Water facilities 75,054 Land 8,354 Construction in progress 6,075 $ 256,354 - 10- MANAGEMENTS DISCUSSION AND ANALYSIS CITY OF BRUCEVILLE-EDDY, TEXAS FOR THE YEAR ENDED SEPTEMBER 30, 2021 Debt At year-end, the City had $ 2,290,033 in bonds and notes outstanding versus $ 2,618,694 last year. This decrease is due to the principal payments applied to the outstanding debt during fiscal year 2021. More detailed information about the City's long-term liabilities is presented in the Notes to Financial Statements on pages 43 through 45. ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS AND RATES The City's elected and appointed officials considered population growth and available resources from water, public safety and tax revenues when setting the fiscal year ending September 30, 2022 budget and tax rate. The City adopted a $ 2,537,302 combined budget for fiscal year ending September 30, 2022. It will be funded through property taxes, water and utility charges, and other local revenues. If the City does not incur any unforeseen expenditures or reductions in revenue, current revenues should cover current expenses with no change estimated fund balance in the General Fund and no change in the Water Fund net position. CONTACTING THE CITY'S FINANCIAL MANAGEMENT This financial report is designed to provide our citizens, taxpayers, customers, and investors and creditors with a general overview of the City's finances and to show the City's accountability for the money it receives. If you have questions about this report or need additional financial information, contact the City's business office at City of Bruceville-Eddy, 143 Wilcox Drive, # A, Bruceville-Eddy, Texas 76524. -11- This page is left blank intentionally. 12- BASIC FINANCIAL STATEMENTS 13- CITY OF BRUCEVILLE-EDDY, TEXAS STATEMENT OF NET POSITION September 30, 2021 Governmental Business-Type Activities Activities Total ASSETS Cash and cash equivalents $ 581,495 $ 2,157,754 $ 2,739,249 Investments 2,288,424 2,288,424 Receivables, net 13,893 169,430 183,323 Cash and cash equivalents, restricted 178,029 399,955 577,984 Internal balances 15,824 (15,824) Net pension asset 87,884 62,404 150,288 Capital assets, not being depreciated: Land and improvements 649,610 559,183 1,208,793 Construction in progress 656,435 656,435 Capital assets, net of accumulated depreciation: Buildings and improvements 133,116 51,928 185,044 Water facilities 2,606,883 2,606,883 Machinery and equipment 61,698 489,262 550,960 Infrastructure 200,521 200,521 Total capital assets 1,044,945 4,363,691 5,408,636 Total Assets 4,210,494 7,137,410 11,347,904 DEFERRED OUTFLOWS OF RESOURCES Deferred amounts related to pensions 13,283 9,433 22,716 Deferred amounts related to OPEB 8,539 6,063 14,602 Total Assets and Deferred Outflows of Resources 4,232,316 7,152,906 11,385,222 The accompanying notes are an integral part of the financial statements. 14- Governmental Business-Type Activities Activities Total LIABILITIES Accounts payable 12,318 32,734 45,052 State criminal costs and fees payable 25,173 25,173 Other accrued liabilities 13,693 5,563 19,256 Customer deposits 99,030 99,030 Noncurrent liabilities: Due within on year: Bonds and notes payable 319,944 319,944 Due in more than one year: Bonds and notes payable 1,970,089 1,970,089 Compensated absences 6,989 5,706 12,695 Net OPEB liability 34,048 24,176 58,224 Total Liabilities 92,221 2,457,242 2,549,463 DEFERRED INFLOWS OF RESOURCES Deferred amounts related to pensions 49,945 35,465 85,410 Deferred amounts related to OPEB 3,537 2,511 6,048 Unavailable revenues 220,958 220,958 Total Liabilities and Deferred Inflows of Resources 366,661 2,495,218 2,861,879 NET POSITION Net investment in capital assets 1,044,945 2,073,658 3,118,603 Restricted for: Court technology and building security 35,606 35,606 Public safety 142,424 142,424 Child safety 2,963 2,963 Debt service 279,196 279,196 Capital projects 60,363 60,363 Customer deposits 60,396 60,396 Unrestricted 2,639,717 2,184,075 4,823,792 Total Net Position $ 3,865,655 $ 4,657,688 $ 8,523,343 - 15- CITY OF BRUCEVILLE-EDDY, TEXAS STATEMENT OF ACTIVITIES For the Year Ended September 30, 2021 Program Revenues Operating Charges for Grants and Functions/Programs Expenses Services Contributions Primary Government: Governmental activities: General government $ 268,243 $ 7,352 $ 93,225 Public safety 579,911 401,256 Highways and streets 22,542 Interest on long-term debt 700 Total governmental activities 871,396 408,608 93,225 Business-type activities: Water utility 1,406,862 1,718,844 Sewer 3,534 Total business-type activities 1,410,396 1,718,844 Total Primary Government $ 2,281,792 $ 2,127,452 $ 93,225 General Revenues: Property taxes Sales and miscellaneous taxes Franchise taxes Investment income Miscellaneous Total general revenues Change in net position Net Position - beginning ofyear Net Position - end ofyear The accompanying notes are an integral part of the financial statements. 16- Net (Expense) Revenue and Changes in Net Position Governmental Business-Type Activities Activities Total $ (167,666) $ $ (167,666) (178,655) (178,655) (22,542) (22,542) (700) (700) (369,563) (369,563) 311,982 311,982 (3,534) (3,534) 308,448 308,448 (369,563) 308,448 (61,115) 388,304 388,304 101,386 101,386 55,758 55,758 3,200 3,321 6,521 159,376 1,863 161,239 708,024 5,184 713,208 338,461 313,632 652,093 3,527,194 4,344,056 7,871,250 $ 3,865,655 $ 4,657,688 $ 8,523,343 17- CITY OF BRUCEVILLE-EDDY, TEXAS BALANCE SHEET GOVERNMENTAL FUND September 30, 2021 General Fund ASSETS Cash and cash equivalents $ 581,495 Investments 2,288,424 Taxes receivable, net 13,893 Due from other funds 15,824 Cash and cash equivalents, restricted 178,029 Total Assets $ 3,077,665 LIABILITIES Accounts payable $ 12,318 State criminal costs and fees payable 25,173 Other accrued liabilities 13,693 Total Liabilities 51,184 DEFERRED INFLOWS OF RESOURCES Deferred CLFRF grant revenue 210,246 Unavailable revenues - property taxes 13,892 Unavailable revenues - lease income 10,712 Total Deferred Inflows of Resources 234,850 FUND BALANCES Fund Balances: Restricted for: Court technology and building security 35,606 Public safety 142,424 Child safety 2,963 Unassigned 2,610,638 Total Fund Balance 2,791,631 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 3,077,665 The accompanying notes are an integral part ofthe financial statements. - 18- CITY OF BRUCEVILLE-EDDY, TEXAS RECONCILIATION OF THE BALANCE SHEET OF THE GOVERNMENTAL FUND TO THE STATEMENT OF NET POSITION September 30, 2021 Total Fund Balance - Governmental Fund (Page 18) $ 2,791,631 Amounts reported for governmental activities in the statement of net position are different because: Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds. These assets consist of: Land $ 649,610 Buildings 229,340 Equipment 516,761 Infrastructure 363,885 Accumulated depreciation (714,651) Total capital assets $ 1,044,945 1,044,945 Net pension asset is not available to pay obligations in the current period and therefore is not reported in the funds. 87,884 Deferred outflows related to pension activity are not required to be reported in the funds but are required to be reported at the government-wide level. 13,283 Deferred outflows related to OPEB activity are not required to be reported in the funds but are required to be reported at the government-wide level. 8,539 Accrued vacation and comp time payable is not due and payable in the current period and therefore is not reported in the funds. (6,989) Net OPEB liability is not due and payable in the current period and therefore is not reported in the funds. (34,048) Deferred inflows related to pension activity are not required to be reported in the funds but are required to be reported at the government-wide level. (49,945) Deferred inflows related to OPEB activity are not required to be reported in the funds but are required to be reported at the government-wide level. (3,537) Delinquent taxes are recognized as revenue in the period for which levied in the Government-Wide financial statements, but are reported as deferred inflows of resources in the fund financial statements. 13,892 Net Position of Governmental Activities (Page 15) $ 3,865,655 The accompanying notes are an integral part ofthe financial statements. - 19- CITY OF BRUCEVILLE-EDDY, TEXAS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - GOVERNMENTAL FUND For the Year Ended September 30, 2021 General Fund Revenues Ad valorem tax $ 392,230 Sales tax 101,386 Franchise tax 55,758 Fines and forfeitures 401,256 Operating grant revenue 93,225 Licenses and permits 7,352 Interest income 3,200 Lease and miscellaneous income 159,376 Total Revenues 1,213,783 Expenditures Current: General government 325,358 Public safety 544,716 Streets 4,345 Debt service: Principal 18,941 Interest and fiscal charges 705 Total Expenditures 894,065 Excess of revenues over expenditures 319,718 Net change in fund balance 319,718 Fund Balance- beginning ofyear 2,471,913 Fund Balance- end of year $ 2,791,631 The accompanying notes are an integral part of the financial statements. - 20 - CITY OF BRUCEVILLE-EDDY, TEXAS RECONCILIATION OF THESTATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE TO THE STATEMENT OF ACTIVITIES For the Year Ended September 30, 2021 Net Change in Fund Balance - Total Governmental Fund (Page 20) $ 319,718 Amounts reported for governmental activities in the statement of activities (pages 16-17) are different because: Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlay exceeded depreciation expense in the current period. Capital outlay $ 53,379 Depreciation expense (68,145) $ (14,766) (14,766) Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds. Property taxes not collected $ 13,892 Less prior year (17,819) $ (3,927) (3,927) The net pension liability and related deferred outflows/inflows per GASB 68 is accrued at the government-wide level but not at the fund level. This is the current year change related to the net pension liability and related deferred outlows/nflows, reported as expense in the statement of activities. 17,915 The net OPEB liability and related deferred outflows/inflows per GASB 75 is accrued at the government-wide level but not at the fund level. This is the current year change related to the net OPEB liability and related deferred outflows/inflows, reported as expense in the statement of activities. 580 Repayment of the principal of long-term debt consumes the current financial resources of governmental funds, however, it does not have an effect on net position. 18,941 Change in Net Position of Governmental Activities (Page 17) $ 338,461 The accompanying notes are an integral part ofthe financial statements. -21- CITY OF BRUCEVILLE-EDD), TEXAS STATEMENT OF NET POSITION PROPRIETERY FUNDS September 30, 2021 Business-Type Activities Water Fund Sewer Fund Total ASSETS Current assets: Cash and cash equivalents $ 2,157,754 $ $ 2,157,754 Accounts receivable, net 169,430 169,430 Total current assets 2,327,184 2,327,184 Noncurrent assets: Cash and cash equivalents, restricted 399,955 399,955 Net pension asset 62,404 62,404 Due from other funds 738,218 738,218 Capital assets, net 3,624,335 739,356 4,363,691 Total noncurrent assets 4,824,912 739,356 5,564,268 Total assets 7,152,096 739,356 7,891,452 DEFERRED OUTFLOWS OF RESOURCES Deferred amounts related to Pensions 9,433 9,433 Deferred amounts related to OPEB 6,063 6,063 Total Assets and Deferred Outflows of Resources 7,167,592 739,356 7,906,948 LIABILITIES Current liabilities: Accounts payable 32,734 32,734 Accrued liabilities 5,563 5,563 Customer deposits 99,030 99,030 Due to other funds 754,042 754,042 Liabilities payable from restricted assets: Bonds and notes payable current portion 319,944 319,944 Total current liabilities 457,271 754,042 1,211,313 Noncurrent liabilities: Compensated absences 5,706 5,706 Net OPEB liability 24,176 24,176 Liabilities payable from restricted assets: Bonds and notes payable 1,970,089 1,970,089 Total noncurrent liabilities 1,999,971 1,999,971 Total Liabilities 2,457,242 754,042 3,211,284 -22- CITY OF BRUCEVILLE-EDDY, TEXAS STATEMENT OF NET POSITION PROPRIETERY FUNDS September 30, 2021 Business-Type Activities Water Fund Sewer Fund Total DEFERRED INFLOWS OF RESOURCES Deferred amounts related to pensions 35,465 35,465 Deferred amounts related to OPEB 2,511 2,511 Total Liabilities and Deferred Inflows of Resources 2,495,218 754,042 3,249,260 NET POSITION Net investment in capital assets 1,334,302 739,356 2,073,658 Restricted for: Debt service 279,196 279,196 Capital projects 60,363 60,363 Customer deposits 60,396 60,396 Unrestricted (deficit) 2,938,117 (754,042) 2,184,075 Total Net Position $ 4,672,374 $ (14,686) $ 4,657,688 -23- CITY OF BRUCEVILLE-EDDY, TEXAS STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - PROPRIETARY FUNDS For the Year Ended September 30, 2021 Business-Type Activities Water Fund Sewer Fund Total Operating Revenues Water $ 1,495,020 $ $ 1,495,020 Garbage 129,931 129,931 Water tap fees 53,180 53,180 Other operating revenues 40,713 40,713 Total Operating Revenues 1,718,844 1,718,844 Operating Expenses Water purchases 354,739 354,739 Water system utilities 97,909 97,909 Water system supplies 32,097 32,097 Repairs and maintenance 14,218 14,218 Other water system expenses 53,004 53,004 Personnel and support 222,495 222,495 Professional fees 58,019 3,459 61,478 Administrative expenses 105,769 75 105,844 Garbage collection fees 123,453 123,453 Depreciation and amortization 235,064 235,064 Total Operating Expenses 1,296,767 3,534 1,300,301 Operating Income 422,077 (3,534) 418,543 Nonoperating Revenues (Expenses) Interest income 3,321 3,321 Interest expense (109,955) (109,955) Donations emergency services income 1,863 1,863 Donations emergency services expense (1,848) (1,848) Miscellaneous income 1,708 1,708 Total Nonoperating Revenues (Expenses) (104,911) (104,911) Change in Net Position 317,166 (3,534) 313,632 Net Position - beginning ofyear 4,355,208 (11,152) 4,344,056 Net Position - end of year $ 4,672,374 $ (14,686) $ 4,657,688 The accompanying notes are an integral part ofthe financial statements. - 24 This page is left blank intentionally. -25 CITY OF BRUCEVILLE-EDDY, TEXAS STATEMENT OF CASH FLOWS PROPRIETARY FUNDS For the Year Ended September 30, 2021 Business-Type Activities Water and Sewer Funds Cash Flows from Operating Activities Cash received from customers $ 1,754,555 Cash paid to suppliers (930,570) Cash paid to employees (236,240) Net Cash Provided by Operating Activities 587,745 Cash Flows from Non-Capital Financing Activities Contribution income 1,863 Contribution expense (1,848) Miscellaneous income 1,708 Net Cash Provided by Non-Capital Financing Activities 1,723 Cash Flows from Capital and Related Financing Activities Acquisition of capital assets (89,483) Payments on long-term bonds (309,715) Interest paid (109,955) Net Cash Used by Capital and Related Financing Activities (509,153) Cash Flows from Investing Activities Interest received 3,321 Increase in restricted cash (19,998) Net Cash Used by Investing Activities (16,677) Net Increase in Cash and Cash Equivalents 63,638 Cash and Cash Equivalents beginning ofyear 2,094,116 Cash and Cash Equivalents end ofy year $ 2,157,754 The accompanying notes are an integral part oft the financial statements. -26- Business-Type Activities Water and Sewer Funds Reconciliation of operating income to net cash provided by operating activities: Operating income $ 418,543 Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation expense 235,064 Decrease in accounts receivable 21,212 Increase in net pension asset (20,369) Increase in due from other funds (17,963) Increase in deferred outflows (2,011) Decrease in accounts payable (30,062) Decrease in accrued liabilities (57,766) Increase in due to other funds 17,963 Increase in customer deposits 14,499 Increase in net OPEB liability 5,620 Increase in deferred inflows 3,015 Total Adjustments 169,202 Net Cash Provided by Operating Activities $ 587,745 -27- This page is left blank intentionally. -28- NOTES TO FINANCIAL STATEMENTS -29- This page is left blank intentionally. -30- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. REPORTING ENTITY The City of Bruceville-Eddy, Texas (the City) was incorporated in 1974 for the purpose of providing public safety, water and sanitation services, planning and general administrative services. The City's present population is approximately 1,490, and it serves approximately 1,900 metered customers. The following is a summary of certain significant accounting policies followed in the preparation of the financial statements ofthe City. In June 1999, the Governmental Accounting Standards Board (GASB) issued Statement No. 34, Basic Financial Statements - and Management 's Discussion and Analysis - for State and Local Governments. This statement, known as the "Reporting Model" statement, affects the way the City prepares and presents financial information. State and local governments traditionally have used a financial reporting model substantially different from the one used to prepare private-sector financial reports. GASB Statement No. 34 established new requirements and a new reporting model for the annual financial reports of state and local governments. The Statement was developed to make annual reports easier to understand and more useful to the people who use governmental financial information to make decisions and includes: Management's Discussion and Analysis - GASB Statement No. 34 requires that financial statements be accompanied by a narrative introduction and analytical overview of the government's financial activities in the form of a management's discussion and analysis" (MD&A). This analysis is similar to the analysis the private sector provides in their annual reports. Government-Wide Financial Statements - The reporting model includes financial statements prepared using full accrual accounting for all of the government' S activities. Government-wide financial statements do not provide information by fund or account group, but distinguish between the City's governmental activities and business-type activities on the statement of net position and statement of activities. Significantly, the City's statement of net position includes both noncurrent assets and noncurrent liabilities of the City, which were previously recorded in the General Fixed Assets Account Group and the General Long-term Obligations Account Group (such as building and infrastructure, including bridges and roads, and general obligation debt). Accrual accounting also reports all of the revenues and cost of providing services each year, not just those received or paid in the current year or soon thereafter. In addition, the government-wide statement of activities reflects depreciation expenses on the City's capital assets, including infrastructure. In addition to the government-wide financial statements, the City has prepared governmental fund financial statements, which continue to use the modified accrual basis of accounting and the current financial resources measurement focus. Accordingly, the accounting and financial reporting for the City's General Fund, the City's major governmental fund, is similar to that previously presented in the City's financial statements, although the format of financial statements has been modified by GASB Statement No. 34. -31- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 Statement of Net Position - The Statement of Net Position is designed to display the financial position of the primary government (government and business-type activities). Governments report all capital assets, including infrastructure, in the government-wide Statement of Net Position and report depreciation expense - the cost of "using up" capital assets - in the Statement of Activities. The net position of the government will be broken down into three categories - 1) invested in capital assets, net of related debt; 2) restricted; and 3) unrestricted. Statement of Activities - The government-wide statement of activities reports expenses and revenues in a format that focuses on the cost of each ofthe government's functions. The expense of individual functions is compared to the revenues generated directly by the function (for instance, through user charges or intergovernmental grants). B. GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS The Statement of Net Position and the Statement of Activities are government-wide financial statements. They report information on all of the City's non-fiduciary activities with most of the interfund activities removed. Governmental activities include programs supported primarily by taxes, grants and other intergovernmental revenues. Business-type activities include programs supported primarily by water revenues. The Statement of Activities demonstrates how other people or entities that participate in programs the City operates have shared in the payment oft the direct costs. The "charges for services" column includes payments made by parties that purchase, use, or directly benefit from goods or services provided by a given function or segment of the City. Examples include water payments, police fines, etc. If revenue is not program revenue, itis general revenue used to support all ofthe City's functions. Taxes are always general revenues. Interfund activities between governmental funds appear as due to/due from on the Governmental Fund Balance Sheet. All interfund transactions between governmental funds are eliminated on the government- wide statements. Separate financial statements are provided for governmental funds and proprietary funds. Major individual governmental and enterprise funds are reported as separate columns in the fund financial statements. C. MEASUREMENT FOCUS, BASIS OF ACCOUNTING AND FINANCIAL STATEMENT PRESENTATION The government-wide financial statements use the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of the related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements use the current financial resources measurement focus and the modified accrual basis of accounting. With this measurement focus, only current assets, current liabilities and fund balances are included on the balance sheet. Operating statements of these funds present net increases and decreases in current assets (i.e., revenues and other financing sources and expenditures and other financing uses). -32- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 The modified accrual basis of accounting recognizes revenues in the accounting period in which they become both measurable and available, and it recognizes expenditures in the accounting period in which the fund liability is incurred, if measurable, except for unmatured interest and principal on long-term debt, which is recognized when due. The expenditures related to certain compensated absences and claims and judgments are recognized when the obligations are expected to be liquidated with expendable available financial resources. The City considers all revenues available ifthey are collectible within 60 days after period end. Revenues from local sources consist primarily of property taxes. Property tax revenues and revenues received from the state are recognized under the susceptible-to-acerual concept. Miscellaneous revenues are recorded as revenue when received in cash because they are generally not measurable until actually received. Investment earnings are recorded as earned, since they are both measurable and available. D. FUND ACCOUNTING The City reports the following major governmental fund: General Fund - the City's primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The City reports the following major proprietary funds: Water Fund and Sewer Fund - used to account for those operations that are financed and operated in a manner similar to private business or where the board has decided that the determination of revenues earned, cost incurred and/or net income is necessary for management accountability. Reconciliation ofGovernment- Wide and Fund Financial Statements A summary reconciliation of the difference between total fund balances as reflected on the governmental funds balance sheet and total net position for governmental activities as shown on the government-wide statement of net position is presented in an accompanying schedule to the governmental funds balance sheet. The asset and liability elements which comprise the reconciliation difference stem from governmental funds using the current financial resources measurement focus and the modified accrual basis of accounting while the government-wide financial statements use the economic resources measurement focus and the accrual basis of accounting. A summary reconciliation of the difference between net changes in fund balances as reflected on the governmental funds statement of revenues, expenditures and changes in fund balances and change in net position for governmental activities as shown on the government-wide statement of activities is presented in an accompanying schedule to the governmental funds statement of revenues, expenditures and changes in fund balances. The revenue and expense elements which comprise the reconciliation difference stem from governmental funds using the current financial resources measurement focus and the modified accrual basis of accounting while the government-wide financial statements use the economic resources measurement focus and the accrual basis of accounting. -33- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 In the fund financial statements, governmental funds report restrictions of fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. GASB No. 54, Fund Balance Reporting and Governmental Fund Type Definitions, effective for financial statements for periods beginning after June 15, 2010, requires governmental fund balances to be reported in one of five classifications, replacing the previous classifications of reserved, unreserved, and designated. These five classifications are nonspendable, restricted, committed, assigned and unassigned. Nonspendable fund balances are either not in spendable form or are legally or contractually required to be maintained intact. Restricted fund balances have constraints imposed either 1) by law through constitutional provisions or enabling legislation or 2) by creditors, grantors, contributors, or laws or regulations of other governments. Committed fund balances represent funds set aside formally by the City Council for specific purposes or by contract. Assigned fund balances are earmarked for specific purposes by the City Council, but are neither restricted nor committed. These balances represent tentative management plans that are subject to change. Unassigned fund balance is the residual classification for the general fund for which the previous classifications do not apply. When different classifications of funds are available for expenditure, the City considers the most restrictive classification amount to have been spent first. The following is a list of fund balance restrictions used by the City and a description of each: Fund Balance Restrictions: Debt Service- Funds restricted for the retirement of general long-term debt. Court Technology and Building Security- Funds restricted, from specific court fees, for the purchase of goods and services that will benefit the court. Public Safety- Fund restricted, from criminal asset forfeiture programs, to be used only by and for the benefit ofthe police department. Childs Safety- Funds restricted, from specific court fees, to be used to enhance child safety. Capital Projects- Funds restricted for use in current and future construction projects. Customer Deposits- Funds restricted to disbursements for the application to customer account balances or refunds to customer. E. ASSETS, LIABILITIES AND NET POSITION 1. Deposits and Investments The government' S cash and cash equivalents are considered to be cash on hand, demand deposits, and short- term investments with original maturities ofthree months or less from the date of acquisition. -34- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 2. Receivables Accounts and property tax receivables are shown net of any allowance for uncollectible accounts. Property taxes receivable for the governmental fund types, which have been remitted within sixty days subsequent to year-end, are considered measurable and available and recognized as revenues. All other property taxes are offset by deferred resources and, accordingly, have not been recorded as revenue. 3. RestrictedAssets Restricted assets are liquid assets that have third party (statutory, bond covenant or granting agency) limitations on their use. Certain resources set aside for the repayment of revenue bonds are classified as restricted assets on the Balance Sheet and the Statement of Net Position, because they are maintained in separate bank accounts and their use is limited by applicable bond covenants. Customer deposits held by the City before any services were supplied are restricted to the service for which the deposits were collected. 4. Capital Assets Capital assets, which include property, plant, equipment, and infrastructure assets (e.g., roads, bridges, sidewalks, and similar items) are reported in the applicable governmental or business-type activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial individual cost of more than $ 2,000 and an estimated useful life in excess of three years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Property, plant and equipment of the primary government are depreciated using the straight-line method over the following estimated useful lives: Category Life Buildings and improvements 10-30 years Machinery and equipment 3-10 years Water facilities 30 years Infrastructure 20 years 5. Long-Term Obligations In the government-wide financial statements and proprietary fund types in the fund financial statements, long- term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities or proprietary fund type statement of net position. Bond premiums and discounts are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net ofthe applicable bond premium or discount. Issuance costs are expensed in the period incurred. -35- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. 6. Net Position Net Position in government-wide and proprietary financial statements are classified as net investment in capital assets, restricted and unrestricted. Restricted net position represents constraints on resources that are either externally imposed by creditors, grantors, contributors, or laws or regulations of other governments or imposed by law through state statue. 7. Fund Balance The following fund balance classifications describe the relative strength of the spending constraints placed on the purposes for which resources can be used: Nonspendable Fund Balance Amounts that are not in a spendable form (such as inventory) or are required to be maintained intact. Restricted Fund Balance Amounts constrained to specific purposes by their providers (such as grantors, bondholders, and higher levels of government), through constitutional provisions, or by enabling legislation. Committed Fund Balance Amounts constrained to specific purposes by a government itself, using its highest level of decision-making authority to be reported as committed; amounts cannot be used for any other purpose unless the government takes the same highest-level action to remove or change the constraint. Assigned Fund Balance Amounts a government intends to use for a specific purpose; intent can be expressed by the governing body or by an official or body to which the governing body delegates the authority. Unassigned Fund Balance Amounts that do not meet the criteria above and are available for any purpose; positive amounts are reported in the General Fund. City Council establishes (and modifies or rescinds) fund balance commitments by passage of an ordinance, the highest level of action. This is typically done through adoption of the budget. A fund balance commitment is further indicated in the budget document as a commitment ofthe fund. Assigned fund balance is established by City Council by passage of a resolution either through adoption or amendment oft the budget as intended for specific purposes. For the classification of Governmental Fund balances, the City considers expenditures to be made from the most restrictive first when more than one classification is available. -36- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 8. Estimates The preparation of financial statements in conformity with U. S. generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Specifically, the actuarial calculations used to determine the annual required contributions and related liabilities of the City's retirement plans and post-employment obligations are based on assumptions about the possibility of events far into the future. Accordingly, actual results could differ from those estimates. 9. Pensions For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense information about the Fiduciary Net Position of the Texas Municipal Retirement System (TMRS) and additions to/deductions from TMRS's Fiduciary Net Position have been determined on the same basis as they are reported by TMRS. For this purpose, plan contributions are recognized in the period that compensation is reported for the employee, which is when contribution are legally due. Benefit payments and refunds are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. 10. Postemployment Benefits Other Than Pensions (OPEB) For purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense, information about the fiduciary net position of the Town of Boxelder" S Post Employment Health Insurance Plan (the Plan) and additions to/deductions from the Plan's fiduciary net position have been determined on the same basis as they are reported by the Plan. For this purpose, the Plan recognizes benefit payments when due and payable, in accordance with the benefit terms. There are no investments as this is a pay-as-you-go plan. 11. Deferred outflows and inflows of resources In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows ofresources, represents a consumption of net position that applies to a future period(s) and SO will not be recognized as an outflow of resources expenselexpenditure) until then. At this time, the City has two items that qualify for reporting in this category related to the City's pension and OPEB plans through TMRS. In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and sO will not be recognized as an inflow of resources (revenue) until that time. At this time, the City has five items that qualify for reporting in this category. They are amounts related to deferred property tax, pension and OPEB plans through TMRS, deferred lease income and deferred grant revenues. -37- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 F. UPCOMING ACCOUNTING PRONOUNCEMENTS The City has reviewed GASB pronouncements which become effective in future years, and notes the following statements are applicable to the City: GASB Statement No. 87, Leases, requires recognition of certain lease assets and liabilities for leases that previously were classified as operating leases and recognized as inflows of resources or outflows of resources based on the payment provisions of the contract. It establishes a single model for lease accounting based on the foundational principle that leases are financings of the right to use an underlying asset. The requirements ofthis Statement are effective for reporting periods beginning after June 15, 2021. II. DETAILED NOTES ON ALL FUNDS A. DEPOSITS AND INVESTMENTS Legal and Contractual Provisions Governing Deposits and Investments The Public Funds Investment Act (Government Code Chapter 2256) contains specific provisions in the areas of investment practices, management reports and establishment of appropriate policies. Among other things, it requires the City to adopt, implement and publicize an investment policy. That policy must address the following areas: (1) safety of principal and liquidity, (2) portfolio diversification, (3) allowable investments, (4) acceptable risk levels, (5) expected rates of return, (6) maximum allowable stated maturity of portfolio investments, (7) maximum average dollar-weighted maturity allowed based on the stated maturity date for the portfolio, (8) investment staff quality and capabilities, (9) and bid solicitation preferences for certificates of deposit. Statutes authorize the City to invest in (1) obligations of the U.S. Treasury, certain U.S. agencies, and the State of Texas; (2) certificates of deposit, (3) certain municipal securities, (4) money market savings accounts, (5) repurchase agreements, (6) bankers acceptances, (7) mutual funds, (8) investment pools, (9) guaranteed investment contracts, (10) and common trust funds. The Act also requires the City to have independent auditors perform test procedures related to investment practices as provided by the Act. The City is in substantial compliance with the requirements of the Act and with local policies. Additional Contractual Provisions governing deposits and investments are as follows: The funds of the City must be deposited and invested under the terms of a contract, contents of which are set out in the Depository Contract Law. The depository bank places approved pledged securities for safekeeping and trust with the City's agent bank in an amount sufficient to protect City's funds on a day-to- day basis during the period oft the contract. The pledge of approved securities is waived only to the extent of the depository bank's dollar amount of Federal Deposit Insurance Corporation (FDIC) insurance. Policies Governing Deposits and Investments 1. Foreign Currency Risk - The City's deposits and investments are not exposed to foreign currency risk. 2. Custodial Credit Risk - The City's policy is to be collateralized. The City was fully collateralized during the period. 3. Interest Rate Risk - The City has no debt securities that have interest rate risk. 4. Other Credit Risk Exposure - The City does not invest in debt securities. 5. Concentration Risk - The City's deposits and investments are exposed to concentration risk in that they are all deposited with the same bank. -38- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 Deposits Credit Risk The cash deposits and savings accounts held at financial institutions can be categorized according to three levels of risk. These three levels of risk are as follows: Category 1 - Deposits, which are insured or collateralized with securities held by the City or by its agent in the City's name. Category 2- Deposits, which are collateralized with securities, held by the pledging financial institution's trust department or agent in the City's name. Category 3- Deposits which are not collateralized or insured. Based on these three levels of risk, all oft the City's cash deposits are classified as Category 1. Deposits are stated at cost plus accrued interest and the carrying amounts are displayed on the balance sheet as cash and cash equivalents. Following is a summary oft the City's deposits, by category: 1. Insured by FDIC $ 4,517,727 2. Collateralized by pledged securities 1,120,373 3. Uninsured and uncollateralized Total Bank Balance $ 5,638,100 Carrying Amount $ 5,605,657 B. RESTRICTED CASH The City had restricted cash of $ 399,955 in the Water Fund and $ 178,029 in the General Fund as of September 30, 2021. The restrictions stem from the need to protect customer utility deposits, to set aside a reserve for the payment of interest and principal on bonded indebtedness, and to set aside monies that are restricted by revenue sources as to use. -39- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 C. RECEIVABLES Receivables at year-end for the government's individual major funds in the aggregate, including the applicable allowances for uncollectible accounts, are as follows: General Water Fund Fund Tax receivables $ 46,533 $ Less: allowance for unçollectible accounts (32,640) Tax receivable, net 13,893 Accounts receivable 180,701 Less: allowance for uncollectible accounts (11,271) Total Receivables $ 13,893 $ 169,430 D. INTERFUND RECEIVABLES AND PAYABLES Any residual balances outstanding between the governmental activities and business-type activities are reported in the government-wide financial statements as internal balances. The individual interfund receivables and payable balances at September 30, 2021, were: Due from Due to Other Funds Other Funds General Fund $ 15,824 $ Water Fund 738,218 Sewer Fund 754,042 Total All Funds $ 754,042 $ 754,042 40 - CITY OF BRUCEVILLE-EDDy, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 E. CAPITAL ASSETS Capital asset activity for the year ended September 30, 2021 was as follows: Beginning Reclassifications Ending Balance Additions (Deletions) Balance Governmental Activities Capital assets, not being depreciated: Land $ 649,610 $ $ $ 649,610 Construction in progress 60,117 (60,117) Total capital assets, not being depreciated 709,727 (60,117) 649,610 Capital assets, being depreciated: Buildings and improvements 115,844 113,496 229,340 Machinery and equipment 516,761 516,761 Infrastructure 363,885 363,885 Total capital assets, being depreciated 996,490 113,496 1,109,986 Less accumulated depreciation for: Buildings and improvements (89,939) (6,285) (96,224) Machinery and equipment (411,397) (43,666) (455,063) Infrastructure (145,170) (18,194) (163,364) Total accumulated depreciation (646,506) (68,145) (714,651) Total capital assets, being depreciated, net 349,984 45,351 395,335 Governmental Activities Capital Assets, Net S 1,059,711 $ 45,351 $ (60,117) $ 1,044,945 41- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 Beginning Reclassifications Ending Balance Additions (Deletions) Balance Business-Type Activities Capital assets, not being depreciated: Land $ 550,829 $ 8,354 $ $ 559,183 Construction in progress 703,735 6,075 (53,375) 656,435 Total capital assets, not being depreciated 1,254,564 14,429 (53,375) 1,215,618 Capital assets, being depreciated: Buildings and improvements 131,738 53,375 185,113 Water facilities 5,817,890 75,054 5,892,944 Machinery and equipment 900,963 900,963 Total capital assets, being depreciated 6,850,591 128,429 6,979,020 Less accumulated depreciation for: Buildings and improvements (130,906) (2,279) (133,185) Water facilities (3,136,383) (149,678) (3,286,061) Machinery and equipment (328,594) (83,107) (411,701) Total accumulated depreciation (3,595,883) (235,064) (3,830,947) Total capital assets, being depreciated, net 3,254,708 (106,635) 3,148,073 Business-Type Activities Capital Assets, Net $ 4,509,272 $ (92,206) $ (53,375) $ 4,363,691 Depreciation expense was charged to functions/programs ofthe primary government as follows: Governmental Activities: General government $ 6,285 Public safety 43,666 Highways and streets 18,194 Total Depreciation Expense - Governmental Activities $ 68,145 Business-Type activities: Water and sewer $ 235,064 Total Depreciation Expense - Business-Type Activities $ 235,064 -42- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 F. LONG-TERM DEBT The City's long-term debt at September 30, 2021 is comprised of the following individual issues: Proprietary Water Fund Revenue Refunding Bonds: $ 371,000 Series 2011 Certificates of Obligation, maturing September 2025; 15 certificates with interest rates varying from 5.5% to 5.875%; annual principal payments ranging from $ 17,000 to $ 35,000 are due per the bonds' maturity dates schedule. Interest is due each March and September; secured by the revenues of the City's water system. $ 128,000 Proprietary Water Fund Revenue Bonds: $ 731,000 Series 2011 Certificates of Obligation, maturing September 2025; 15 certificates with interest rates varying from 5.5% to 5.875%; annual principal payments ranging from $ 33,000 to $ 70,000 are due per the bonds' maturity dates schedule. Interest is due each March and September; secured by the revenues of the City's water system. 258,000 $ 1,883,000 Series 2013 Certificates of Obligation, maturing September 2028; interest rates varying from 3.25% to 4.25%; annual principal payments ranging from $ 79,000 to $ 254,000 are due per the bonds' maturity dates schedule. Interest is due each March and September; secured by the revenues ofthe City's water: system 1,174,000 $ 395,000 Series 2015 Certificates of Obligation, maturing September 2030; interest rate at 4.25%; annual principal payments ranging from $ 30,000 to $ 41,000 are due per the bonds' maturity dates schedule. Interest is due each March and September; secured by the revenues of the City's water svstem. 333,000 $ 489,200 water meter system loan with Government Capital Corporation; maturing March 2025; payable in annual installments of $106,736; interest at 2.97%; secured by ad valorem tax revenues 397,033 Total Proprietary Long-Term Debt 2,290,033 Total Long-Term Debt $ 2,290,033 -43- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 Debt service requirements to maturity for the above long-term debt are as follows: Water Revenue Refunding Bonds - Series 2011 Year Ending September 30, Principal Interest Total 2022 $ 29,000 $ 7,520 $ 36,520 2023 31,000 5,816 36,816 2024 33,000 4,006 37,006 2025 35,000 2,056 37,056 Total $ 128,000 $ 19,398 $ 147,398 Water Revenue Bonds - Series 2011 Year Ending September 30, Principal Interest Total 2022 $ 59,000 $ 15,158 $ 74,158 2023 63,000 11,691 74,691 2024 66,000 8,012 74,012 2025 70,000 4,113 74,113 Total $ 258,000 38,974 296,974 Water Revenue Bonds - Series 2013 Year Ending September 30, Principal Interest Total 2022 $ 104,000 $ 48,525 $ 152,525 2023 109,000 44,625 153,625 2024 113,000 40,375 153,375 2025 118,000 35,745 153,745 2026 233,000 31,025 264,025 2027-2028 497,000 31,947 528,947 Total $ 1,174,000 $ 232,242 $ 1,406,242 Water Revenue Bonds - Series 2015 Year Ending September 30, Principal Interest Total 2022 $ 33,000 $ 14,153 $ 47,153 2023 34,000 12,750 46,750 2024 35,000 11,305 46,305 2025 36,000 9,818 45,818 2026 37,000 6,715 43,715 2027-2030 158,000 10,285 168,285 Total $ 333,000 $ 65,026 $ 398,026 Water Fund Note Payable - Water Meter System Year Ending September 30, Principal Interest Total 2022 $ 94,944 $ 11,792 $ 106,736 2023 97,764 8,972 106,736 2024 100,668 6,068 106,736 2025 103,657 3,078 106,735 Total $ 397,033 $ 29,910 $ 426,943 -44- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 There are a number of limitations and restrictions contained in the various bond indentures including, among others, the requirements of the payment of principal and interest from the ad valorem tax levy or from the net revenues ofthe water fund and the provision of certain reserve funds. The City is in compliance with all such significant financial limitations and restrictions. There is no specific maximum debt limit established by law for the City, therefore, the limit is governed by the City's ability to levy and collect taxes to service the debt. Changes in long-term liabilities Long-term liability activity for the year ended September 30, 2021 was as follows: Beginning Ending Due within Balance Additions Reductions Balance One Year Governmental Activities: Notes Payable $ 18,946 $ $ (18,946) $ $ Compensated absences 6,989 6,989 Net OPEB liability 34,188 (140) 34,048 Governmental Activity Long-Term Liabilities $ 60,123 $ $ (19,086) $ 41,037 $ Business-Type Activities: Revenue Bonds Payable $2,108,000 $ $ (215,000) $1,893,000 $ 225,000 Notes Payable 491,748 (94,715) 397,033 94,944 Compensated absences 5,706 5,706 Net OPEB liability 18,556 5,620 24,176 Business-Type Activity Long-Term Liabilities $2,624,010 $ 5,620 $ (309,715) $2,319,915 $ 319,944 Total Long-Term Liabilities $2,684,133 $ 5,620 $ (328,801) $2,360,952 $ 319,944 G. PROPERTY TAXES The appraisal of property within the City is the responsibility of the McLennan County Appraisal District (the District). The District is required under the Property Tax Code to assess all property within the District on the basis of 100% of its appraised value and is prohibited from applying any assessment ratios. The value of property within the District must be reviewed every four years. The City's property tax is levied each October 1 on the assessed value listed as of the prior January 1 for all real and business personal property located in the City. The net assessed value, net of exemptions, upon which the fiscal year ended September 30, 2021, levy was based was $ 69,578,581. The tax rate for the 2020 tax roll was $ 0.50 per $ 100 of assessed value. Property taxes not collected in the current period are considered not to be available, and therefore, are not accrued as revenue in the current period. Since the City recognizes taxes as revenues only when collected, an allowance for current and delinquent taxes receivable at the end of the period has been established. On the government-wide statements, the amount deferred in the fund statements is recognized as revenue. 45 CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 The City has contracted with McLennan County tax collector's office to collect ad valorem taxes on behalf of the City. The City paid the tax collector $ 3,712 for these services during the fiscal year ended September 30, 2021. H. EMPLOYEE RETIREMENT PLAN Plan Description The City participates as one of 895 plans in the defined benefit cash-balance plan administered by the Texas Municipal Retirement System (TMRS). TMRS is a statewide public retirement plan created by the State of Texas and administered in accordance with the TMRS Act, Subtitle G, Title 8, Texas Government Code (the TMRS Act) as an agent multiple-employer retirement system for employees of Texas participating cities. The TMRS Act places the general administration and management of TMRS with a six-member, Governor- appointed Board ofTrustees; however, TMRS is not fiscally dependent on the State of Texas. TMRS issues a publicly available Comprehensive Annual Financial Report (Annual Report) that can be obtained at www.ims.com. All eligible employees of the City are required to participate in TMRS. Benefits Provided TMRS provides retirement, disability, and death benefits. Benefit provisions are adopted by the governing body of the City, within the options available in the state statutes government TMRS. At retirement, the benefit is calculated based on the sum of the employee's contributions, with interest, and the city-financed monetary credits with interest. Members may choose to receive their retirement benefit in one of seven payment options. Members may also choose to receive a portion of their benefit as a lump sum distribution in an amount equal to 12, 24, or 36 monthly payments, which cannot exceed 75% of the member's contributions and interest. A summary of plan provisions for the City are as follows: Employee deposit rate 7.00% Matching ratio (city to employee) 1.5to 1 Years required for vesting 5 Retirement eligibility (Age/Service) 60/5, 0/25 Updated service credit 100% Repeating Transfers Annuity increase (to retirees) 0% ofCPI Repeating Supplemental death benefit to active employees Yes Supplemental death benefit to retirees Yes 46 CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 Employees Covered by Benefit Terms. At the December 31, 2020 valuation and measurement date, the following employees were covered by the benefit terms: Inactive employees or beneficiaries currently receiving benefits 8 Inactive employees entitled to but not yet receiving benefits 24 Active employees 12 Total 44 Contributions The contribution rates for employees in TMRS are either 5%, 6%, or 7% of employee total compensation and the city matching percentages are either 100%, 150%, or 200%, both as adopted by the governing body of the city. Under the state law governing TMRS, the contribution rate for each city is determined annually by the actuary, using the Entry Age Normal (EAN) actuarial cost method. The City's contribution rate is based on the liabilities created from the benefit plan options selected by the City and any changes in benefits or actual experience over time. Employees for the City were required to contribute 7% of their annual gross earnings during the fiscal year. The contribution rates for the City were 5.10% and 5.72% in calendar years 2021 and 2020, respectively. Accordingly, contributions to TMRS for the fiscal year ended September 30, 2021, were $ 26,413 and were equal to the required contributions. Net Pension Liability The City's Net Pension Liability (NPL) was measured as of December 31, 2020, and the Total Pension Liability (TPL) used to calculate the Net Pension Liability was determined by an actuarial valuation as of that date. Acluarlal/Assumptons The Total Pension Liability in the December 31, 2020 actuarial valuation was determined using the following actuarial assumptions. Inflation 2.50% per year Overall payroll growth 2.75% per year, adjusted down for population declines, if any Investment rate of return 6.75% net of pension plan investment expense, including inflation -47- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 Salary increases are based on a service-related table. Mortality rates for active members are based on the PUB(10) mortality tables with the Public Safety table used for males and the General Employee table used for females. Mortality rates for healthy retirees and beneficiaries are based on the Gender-distinct 2020 Municipal Retirees of Texas mortality tables. The rates for active, healthy retirees and beneficiaries are projected on a fully generational basis by Scale UMP to account for future mortality improvements. For disabled annuitant, the same mortality tables for healthy retirees is used with a 4-year set-forward for males and a 3-year set- forward for females. In addition, a 3.5% and 3.0% minimum mortality rate is applied, for males and females respectively, to reflect the impairment for younger members who become disabled. The rates are projected on a fully generational basis by Scale UMP to account for future mortality improvements subject to the floor. The actuarial assumptions were developed primarily from the actuarial investigation of experience of TMRS over the four-year period from December 31, 2014 to December 31, 2018. They were adopted in 2019 and first used in the December 31, 2019 actuarial valuation. The post-retirement mortality assumption for Annuity Purchase Rates (APRs) is based on the Mortality Experience Investigation Study covering 2009 through 2011 and dated December 31, 2013. Plan assets are managed on a total return basis with an emphasis on both capital appreciation as well as the production of income, in order to satisfy the short-term and long- term funding needs of TMRS. The long-term expected rate of return on pension plan investments was determined using a building-block method in which best estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. In determining their best estimate of a recommended investment return assumption under the various alternative asset allocation portfolios, GRS focused on the area between (1) arithmetic mean (aggressive) without an adjustment for time (conservative) and (2) the geometric mean (conservative) with an adjustment for time (aggressive). The target allocation and best estimates of real rates of return for each major asset class in fiscal year 2021 are summarized in the following table: Long-Term Expected Real Target Rate of Return Asset Class Allocation (Arithmetic) Global Equity 30.0% 5.30% Core fixed income 10.0% 1.25% Non-core fixed income 20.0% 4.14% Real return 10.0% 3.85% Real estate 10.0% 4.00% Absolute return 10.0% 3.48% Private equity 10.0% 7.75% Total 100.0% - 48 - CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 Discount Rate The discount rate used to measure the Total Pension Asset was 6.75%. The projection of cash flows used to determine the discount rate assumed that employees and employer contributions would be made at the rates specified in statute. Based on that assumption, the pension plan's Fiduciary Net Position was projected to be available to make all projected future benefit payments of current active and inactive employees. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the Total Pension Liability. Changes in the Net Pension Liability Increase (Decrease) Net Pension Total Pension Plan Fiduciary Liability Liability Net Position (Asset) (a) (b) (a). - (b) Balance at December 31, 2019 $ 1,176,674 $ 1,296,153 $ (119,479) Changes for the year: Service cost 66,573 66,573 Interest 79,528 79,528 Changes of benefit terms Difference between expected and actual experience (12,380) (12,380) Changes of assumptions Contributions employer 30,175 (30,175) Contributions - employee 36,927 (36,927) Net investment income 98,090 (98,090) Benefit payments, including refunds of employee contributions (63,550) (63,550) Administrative expense (637) 637 Other (25) 25 Net changes 70,171 100,980 (30,809) Balance at December 31, 2020 $ 1,246,845 $ 1,397,133 $ (150,288) Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the City, calculated using the discount rate of 6.75% as well as what the City's net pension liability would be if it were calculated using a discount rate that is 1- percentage-point lower (5.75%) or -percentage-point higher (7.75%) than the current rate: Current Single Rate 1% Decrease Assumption 1% Increase 5.75% 6.75% 7.75% City's net pension (asset) liability $ 38,068 $ (150,288) $ (303,107) - 49- CITY OF BRUCEVILLE-EDD, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 Pension Plan Fiduciary Net Position Detailed information about the pension plan' S Fiduciary Net Position is available in the Schedule of Changes in Fiduciary Net Position, by Participating City. That report may be obtained at trms.com. Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources For the year ended September 30, 2021, the City recognized pension expense of ($ 9,794). At September 30, 2021 the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Outflows Deferred Inflows of Resources of Resources Differences between expected and actual economic experience $ 2,390 $ 48,299 Changes in actuarial assumptions 596 Difference between projected and actual investment earnings 37,111 Sub-total 2,986 85,410 Contributions subsequent to the measurement date 19,730 Total 22,716 $ 85,410 Deferred outflows of resources related to pensions resulting from contributions subsequent to the measurement date of $ 19,730 will be recognized as a reduction of the net pension liability for the measurement year ending December 31, 2020 (i.e., recognized in the City's financial statement September 30, 2021). Other amounts reported as deferred outflows and inflows of resources related to pensions will be recognized in pension expense as follows: Fiscal Year Net Deferred Ended Outflows (Inflows) September 30, of Resources 2022 $ (32,490) 2023 (14,818) 2024 (32,997) 2025 (2,119) 2026 Thereafter Total $ (82,424) 50- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 I. SUPPLEMENTAL DEATH BENEFITS FUND Plan Description The City also participates in the cost sharing multiple-employer defined benefit group-term life insurance plan operated by TMRS known as the Supplemental Death Benefits Fund (SDBF). The City elected, by ordinance, to provide group-term life insurance coverage to both current and retired employees. The City may terminate coverage under, and discontinue participation in this fund by adopting an ordinance before November 1, or any year to be effective the following January 1. The SDBF does not meet the definition of a trust under GASB No. 75 since it does not accumulate assets in a trust, and as such is considered to be a single-employer unfunded OPEB plan. Benefit Providers The death benefit for active employees provides a lump-sum payment approximately equal to the employee's annual salary (calculated based on the employee's actual earnings, for the 12-month period preceding the month of death); retired employees are insured for $ 7,500; this coverage is an "other post-employment benefit," or OPEB. The City offers supplemental death benefit to both active employees and retirees for plan years 2021 and 2020. Employees Covered by Benefit Terms At the December 31, 2020 valuation and measurement date, the following employees were covered by the benefit terms: Inactive employees currently receiving benefits 6 Inactive employees entitled to but not yet receiving benefits 4 Active employees 12 Total 22 Contributions The City contributes to the SDBF at a contractually required rate as determine by an annual actuarial valuation, which was 0.30% for 2021 and 0.17% for 2020, of which 0.24% and 0.06%, respectively, represented the retiree-only portion, as a percentage of annual covered payroll. The rate is equal to the cost of providing one-year term life insurance. The funding policy for the SDBF program is to assure that adequate resources are available to meet all death benefit payments for the upcoming year; the intent is not to prefund retiree term life insurance during employees' entire careers. The City's contributions to the SDBF for the years ended September 30, 2021 and 2020 were $ 1,359 and $ 950, respectively, representing contributions for both active and retiree coverage, which equaled the required contributions each year. 51- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 Net Other Post Employment Benefits Liability Actuarial.Aisumptions Actuarial assumptions were developed from the actuarial investigation of the experience of TMRS over the four year period from December 31, 2014 to December 31, 2018. These assumptions were adopted in 2019 and first used in the December 31, 2019 valuation. All administrative expenses are paid through the Pension Trust and accounted for under reporting requirements under GASB Statement No. 68. The Mortality Experience Investigation Study covering 2009 through 2011 is used as the basis for the post- retirement mortality assumption for healthy annuitants and Annuity Purchase Rate (APRs). Mortality rates for service employees uses the RP2000 Combined Mortality Table with Blue Collar Adjustment with male rates multiplied by 109% and female rates multiplied by 103%. The rates are projected on a fully generational basis with scale BB to account for future mortality improvements subject to the 3% floor. Inflation 2.50% per year Overall payroll growth 3.50% to 11.50% per year including inflation Discount rate 2.00% Changes in the Net Other Post Employment Benefits Liability Increase (Decrease) Total OPEB Liability Balance at December 31, 2019 $ 52,744 Changes for the year: Service cost 1,846 Interest on Total OPEB Liability 1,471 Changes of benefit terms Difference between expected and actual experience (4,568) Changes of assumptions 7,048 Benefit payments, including refunds of employee contributions (317) Net changes 5,480 Balance at December 31, 2020 $ 58,224 -52- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 Sensitivity ofthe Total OPEB Liability to Changes in the Discount Rate The following presents the total OPEB liability of the City, calculated using the current discount rate of 2.00% as well as what the City's total OPEB liability would be ifit were calculated using a discount rate that is -percentage-point lower (1.00%) or I-percentage-point higher (3.00%) than the current rate. Because the SDBF is considered an unfunded trust, the relevant discount rate to calculate the total OPEB liability is based on the Fidelity's Index's "20-Year Municipal GO AA Index". Current 1% Decrease Discount Rate 1% Increase 1.00% 2.00% 3.00% Total OPEB liability $ 69,941 $ 58,224 $ 49,151 Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources For the year ended September 30, 2021, the City recognized OPEB expense of $ 4,972. At September 30, 2021 the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: Deferred Outflows Deferred Inflows of of Resources Resources Differences in actual VS assumption $ 65 $ 4,463 Changes in assumptions and other inputs 13,609 1,585 Contributions subsequent to the measurement date 928 Total % 14,602 S 6,048 Deferred outflows of resources related to OPEB resulting from contributions subsequent to the measurement date of $ 928 will be recognized as a reduction of the total OPEB liability for the measurement year ending December 31, 2020 (i.e., recognized in the City's financial statement September 30, 2021). Other amounts reported as deferred outflows and inflows of resources related to OPEB will be recognized in OPEB expense as follows: Net Deferred Fiscal Year Ended Outflows (Inflows) September 30, of Resources 2022 $ 1,655 2023 1,655 2024 1,506 2025 1,320 2026 1,490 Thereafter Total $ 7,626 -53 CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 J. COMMITMENTS AND CONTINGENCIES Water Purchase Agreement The City has entered into a long-term agreement to purchase water from a water supply company. The contract requires the City to take and/or pay for a minimum quantity of water. The cost of water per gallon is based each year on the amount the water supply corporation needs to recover all operation and maintenance expenses and debt service of the system (i.e. its annual requirement). The water supply company's net annual requirement divided by all contracting parties' minimum take (annual water purchases in gallons) determines the rate per gallon each year. Based on the estimated annual requirements of the water supply company (estimated $ 3.20 per thousand gallons) and the minimum take (105,216,000 gallons) for the City; the City is committed to pay an estimated $ 336,696 for water during the fiscal year ending September 30, 2021, under this contract. K. TAX ABATEMENTS During fiscal year 2017, the City entered into a property tax abatement agreement with Eagles' Landing Restaurant & Grill, LLC (the Company). As a part of this agreement, the City agreed to reimburse the Company an amount equal to one hundred percent (100%) of the ad valorem property taxes paid by the Company, assessed by and payable to the City for the property. Such reimbursements are available for each taxable year during the Incentive Period. The Incentive Period is the period of time beginning on Commencement of the agreement, August 15, 2017, and ending on the earlier of(I) the date on which sewer service is available at the location of the Company, or (2) the conclusion of five (5) operational years. For the years ended September 30, 2021 and 2020, the City abated property taxes totaling $ 779 and $ 720, respectively, in relation to this agreement. L. RISK MANAGEMENT The City is exposed to various risks of loss related to torts, theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The City has joined other governments in Texas to form the Texas Municipal League Intergovernmental Risk Pool, a public entity risk pool currently operating as a common risk management and insurance program for liability, property and workers' compensation coverage. The City pays a quarterly contribution to the pool for its insurance coverage. The agreement for formation of the Texas Municipal League Intergovernmental Risk Pool provides the Pool will be self-sustaining through member contributions and will reinsure through commercial companies for claims in excess of specific limits. The Texas Municipal League Intergovernmental Risk Pool has published its own financial report, which can be obtained by writing to the Texas Municipal League Intergovernmental Risk Pool, 1821 Rutherford Lane, Austin, Texas 78754. -54- CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO FINANCIALSTATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2021 M. COMPENSATED ABSENCES Employees accrue vacation leave based on the number of years employed up to a maximum of 20 days per year. The accrual year starts with the date employee starts full-time and subsequent anniversary dates. Employees may carry over earned vacation past the accrual year with approval of Mayor and Council. However, the accrual is not to exceed forty days beyond the end of the fiscal year. Upon separation from service, employees are paid for any earned and unused vacation time. Vested vacation is recorded in the proprietary fund as a liability and expense and in the government fund as a fund liability and expenditure, if payable from current resources. The value of the earned and unused portion of governmental compensated absences at year-end is reported as a governmental activity non-current liability. N. SUBSEQUENT EVENTS Management has reviewed and evaluated subsequent events through December 13, 2021, the date of the independent auditor's report. On August 26, 2021, the City authorized the issuance of Combination Tax and Revenue Certificates of Obligation with a maximum principal amount of $ 5,861,000 to finance certain capital expenditures related to the sewer project. On November 16, 2021, the City approved the purchase of a police vehicle in the amount of$ 51,341. -55- This page is left blank intentionally. - 56- REQUIRED SUPPLEMENTARY INFORMATION 57- This page is left blank intentionally. - 58 CITY OF BRUCEVILLE-EDDY, TEXAS REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF FUNDING PROGRESS - TMRS PENSION PLAN (UNAUDITED) Unfunded Actuarial Actuarial (Over-funded) UAAL as a Actuarial Value of Accrued Funded AAL Covered Percentage of Valuation Assets Liability (AAL) Ratio (UAAL) Payroll Covered Payroll Date (a) (b) (c)-(a/b) (d)-(b-a) (e) (d)/(e) 12/31/18 $ 1,205,383 $ 1,187,514 101.5% $ (17,869) $ 627,274 -2.8% 12/31/19 $ 1,257,111 $ 1,176,674 106.8% $ (80,437) $ 602,118 -13.4% 12/31/20 $ 1,347,111 $ 1,246,845 108.0% $ (100,266) $ 527,523 -19.0% See independent auditor' S report. -59 CITY OF BRUCEVILLE-EDDY, TEXAS REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN NET PENSION LIABILITY (ASSET) AND RELATED RATIOS LAST SEVEN FISCAL YEARS (UNAUDITED) Measurement Date December 31, 2014 2015 2016 Total Pension Liability Service cost $ 54,818 $ 59,965 $ 70,311 Interest (on the total pension liability) 52,962 57,485 62,206 Changes of benefit terms Difference between expected and actual experience 6,337 (2,980) 14,860 Changes of assumptions 28,121 Benefit payments, including refunds of employee contributions (59,705) (44,461) (50,341) Net change in total pension liability 54,412 98,130 97,036 Total pension liability - beginning 759,045 813,457 911,587 Total pension liability - ending (a) $ 813,457 $ 911,587 $ 1,008,623 Plan Fiduciary Net Position Contributions - employer $ 11,011 $ 22,932 $ 24,767 Contributions employee 31,687 34,154 38,785 Net investment income 50,496 1,351 62,762 Benefit payments, including refunds of employee contributions (59,705) (44,461) (50,341) Administrative expense (527) (823) (708) Other (43) (41) (38) Net change in plan fiduciary net position 32,919 13,112 75,227 Plan fiduciary net position - beginning 882,942 915,861 928,973 Plan fiduciary net position - ending (b) $ 915,861 $ 928,973 $ 1,004,200 City's net pension liability (asset) - ending (a) - (b) $ (102,404) $ (17,386) $ 4,423 Plan fiduciary net position as a percentage of the total pension liability 112.59% 101.91% 99.56% Covered-employee payroll $ 452,668 $ 487,917 $ 554,066 City's net pension liability (asset) as a percentage -22.62% -3.56% 0.80% of covered-employee payroll Notes to Schedule: 10 years ofinformation is required to be provided in this schedule, but information prior to 2014 is not available. See independent auditor' S report. -60- 2017 2018 2019 2020 $ 72,681 $ 78,723 $ 77,613 $ 66,573 69,034 74,069 79,197 79,528 (18,354) 6,329 (62,632) (12,380) 1,052 (44,461) (59,130) (106,070) (63,550) 78,900 99,991 (10,840) 70,171 1,008,623 1,087,523 1,187,514 1,176,674 $ 1,087,523 $ 1,187,514 $ 1,176,674 $ 1,246,845 $ 30,179 $ 34,245 $ 31,551 $ 30,175 40,315 43,909 42,148 36,927 139,115 (34,884) 177,542 98,090 (44,461) (59,130) (106,070) (63,550) (721) (677) (1,006) (637) (37) (34) (31) (25) 164,390 (16,571) 144,134 100,980 1,004,200 1,168,590 1,152,019 1,296,153 $ 1,168,590 $ 1,152,019 $ 1,296,153 $ 1,397,133 $ (81,067) $ 35,495 $ (119,479) $ (150,288) 107.45% 97.01% 110.15% 112.05% $ 575,922 $ 627,274 $ 602,118 $ 527,523 -14.08% 5.66% -19.84% -28.49% -61- CITY OF BRUCEVILLE-EDDY, TEXAS REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF PENSION CONTRIBUTIONS LAST SEVEN FISCAL YEARS (UNAUDITED) Fiscal Year Ended September 30, 2015 2016 2017 2018 2019 2020 2021 Actuarially Determined Contribution > 20,175 $ 23,518 $ 27,827 $ 33,936 $ 35,535 $ 31,743 $ 26,413 Contributions ini relation to the actuarially determined contribution 20,175 23,518 27,827 33,936 35,535 31,743 26,413 Contribution deficiency (excess) $ $ $ $ $ $ $ Covered employee payroll $ 481,101 $ 520,306 $ 552,658 $ 628,394 $ 613,795 $ 568,158 $ 503,699 Contributions as a percentage of covered employee payroll 4.19% 4.52% 5.04% 5.40% 5.79% 5.59% 5.24% Notes to Schedule of Contributions Valuation Date: Actuarially determined contribution rates are calculated as of December 31, and Notes become effective in January 13 months later. Methods and Assumptions Used to Determine Contribution Rates: Actuarial Cost Method Entry Age Normal Amortization Method Level Percentage of Payroll, Closed Remaining Amortization Period N/A Asset Valuation Method 10 year smoothed market; 12% soft corridor Inflation 2.50% Salary Increases 3.50% to 11.50% including inflation Investment Rate of Return 6.75% Retirement Age Experience-based table of rates that are specific to the City's plan of benefits. Last updated for the 2019 valuation pursuant to an experience study of the period 2014 2018. Mortality Post-retirement: 2019 Municipal Retirees of Texas Mortality Tables. The rates are projected on a fully generational basis with scale UMP. Pre-retirement: PUB(10) mortality tables, with the Public Safety table used for males and the General Employee table used for females. The rates are projected on a fully generational basis with scale UMP. Other Information: Notes There were no benefit changes during the year. 10 years ofi information is required to be provided in this schedule, but information prior to 2015 is not available. See ndependent auditor's report. 62- CITY OF BRUCEVILLE-EDDY, TEXAS REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN TOTAL OPEB LIABILITY AND RELATED RATIOS LAST FOUR FISCAL YEARS (UNAUDITED) Measurement Date December 31, 2017 2018 2019 2020 Total OPEB Liability Service cost $ 1,382 $ 1,756 $ 1,626 $ 1,846 Interest (on the total OPEB liability) 1,392 1,417 1,538 1,471 Changes ofbenefit terms Difference between expected and actual experience (1,215) 91 (4,568) Changes of assumptions 3,421 (2,866) 9,015 7,048 Benefit payments, including refunds of employee contributions (403) (376) (361) (317) Net Change in Total OPEB Liability 5,792 (1,284) 11,909 5,480 Total OPEB Liability - Beginning 36,327 42,119 40,835 52,744 Total OPEB Liability - Ending (a) 42,119 $ 40,835 $ 52,744 $ 58,224 Covered Employee Payroll $ 575,922 $ 627,274 $ 602,118 $ 527,523 Net OPEB Liability as a Percentage 7.31% 6.51% 8.76% 11.04% of Covered Employee Payroll Notes to Schedule: This schedule is intended to present information for ten years. However, previous years' information is not available. Other Information: Due to the SDBF being considered an unfunded OPEB plan, benefit payments are treated as being equal to the employer's yearly contributions for retirees. No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No. 75 to pay related benefits. In order to determine the retiree portion oft the City's Supplemental Death Benefit Plan contributions (that which is considered OPEB), the City should perform the following calculation: Total covered payroll X Retiree Portion of SDB Contribution (Rate) See independent auditor's s report. 63- CITY OF BRUCEVILLE-EDDY, TEXAS SCHEDULE OF OPEB CONTRIBUTIONS LAST FOUR FISCAL YEARS (UNAUDITED) Fiscal Year Ended September 30, 2018 2019 2020 2021 Actuarially Determined Contribution $ 377 $ 368 $ 341 $ 1,209 Contributions in relation to the actuarially determined contribution 377 368 341 1,209 Contribution deficiency (excess) $ $ 5 $ Covered employee payroll $ 628,394 $613,795 $ 568,158 $ 503,699 Contributions as a percentage of covered employee payroll 0.06% 0.06% 0.06% 0.24% Valuation Date: Actuarially determined contribution rates are calculated as of December Notes 31, and become effective in January 13 months later. Methods and Assumptions Used to Determine Contribution Rates: Inflation 2.50% Salary Increases 3.50% to 11.50% including inflation Discount rate* 2.00% Retirees' share ofbenefit-related costs $0 Administrative expenses All administrative expenses are paid through the Pension Trust and accounted for under reporting requirements of GASB Statement No. 68. Mortality rates - service retirees 2019 Municipal Retirees of Texas Mortality Tables. The rates are projected on a fully generational basis with scale UMP. Mortality rates - disables retirees 2019 Municipal Retirees of Texas Mortality Tables with a 4 year set- forward for males and a 3 year set forward for females. In addition, a 3.5% and 3% minimum mortality rate will be applied to reflect the impairment for younger members who become disabled for males and females, respectively. The rates are projected on a fully generational basis by Scale UMP to account for future mortality improvements subject to the floor. Other Information: Notes 10 years ofinformation is required to be provided in this schedule, but information prior to 2018 is not available. See independent auditor' S report. 64- CITY OF BRUCEVILLE-EDDY, TEXAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL - GENERAL FUND For the Year Ended September 30, 2021 with Comparative Totals for the Year Ended September 30, 2020 2021 2020 Budgeted Amounts Actual Variance with Actual Original Final Amounts Final Budget Amounts Revenues Property taxes $ 365,425 $ 365,425 $ 392,230 $ 26,805 $ 369,883 Sales and miscellaneous taxes 80,000 80,000 101,386 21,386 92,211 Franchise taxes 60,000 60,000 55,758 (4,242) 58,152 Fines and forfeitures 479,869 479,869 401,256 (78,613) 516,773 Operating grant revenue 93,225 93,225 Licenses and permits 5,000 5,000 7,352 2,352 6,584 Interest income 15,200 15,200 3,200 (12,000) 16,192 Lease and miscellaneous income 20,512 20,512 159,376 138,864 60,813 Total Revenues 1,026,006 1,119,231 1,213,783 94,552 1,120,608 Expenditures General government: Salaries & wages 147,568 137,738 136,686 1,052 161,582 Payroll taxes and insurance 41,540 36,083 30,870 5,213 47,559 Administrative costs 49,578 140,270 105,662 34,608 113,426 Utilities 15,377 15,377 14,970 407 16,430 Legal and accounting 32,175 35,005 34,751 254 35,293 Repairs and maintenance 5,900 7,211 2,419 4,792 12,536 Public safety: Salaries & wages 345,167 292,545 195,486 97,059 243,762 Payroll taxes and insurance 117,694 75,584 44,575 31,009 58,403 Operating costs 144,427 194,514 184,626 9,888 148,824 Equipment 4,000 35,640 47,652 (12,012) 26,041 Legal and accounting 33,200 53,980 53,515 465 28,751 Repairs and maintenance 17,353 21,902 18,862 3,040 20,493 Highways and streets: Streets 55,552 57,207 4,345 52,862 26,406 Debt service: Principal 16,456 16,456 18,941 (2,485) 20,687 Interest 719 719 705 14 1,536 Total Expenditures 1,026,706 1,120,231 894,065 226,166 961,729 Excess (deficiency) ofrevenues over expenditures (700) (1,000) 319,718 320,718 158,879 Other Financing Sources Proceeds from sale of capital assets 1,000 1,000 (1,000) 3,800 Total other financing sources 1,000 1,000 (1,000) 3,800 Net change in fund balance 300 319,718 319,718 162,679 Fund Balance - beginning ofyear 2,471,913 2,471,913 2,471,913 2,309,234 Fund Balance - end ofyear $ 2,472,213 $ 2,471,913 $ 2,791,631 $ 319,718 $ 2,471,913 See independent auditor' S report. -65- CITY OF BRUCEVILLE-EDDY, TEXAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET POSITION BUDGET AND ACTUAL - WATER FUND For the Year Ended September 30, 2021 with Comparative Totals for the Year Ended September 30, 2020 2021 2020 Budgeted Amounts Actual Variance with Actual Original Final Amounts Final Budget Amounts Operating Revenues Water $1,404,000 $1,404,000 $ 1,495,020 $ 91,020 $ 1,548,566 Garbage 127,000 127,000 129,931 2,931 125,529 Water tap fees 25,000 25,000 53,180 28,180 88,458 Re-connect fees 9,080 9,080 40,713 31,633 14,185 Total Operating Revenues 1,565,080 1,565,080 1,718,844 153,764 1,776,738 Operating Expenses Water purchases 400,000 354,740 354,739 345,370 Water system utilities 107,300 103,797 97,909 5,888 112,484 Other water system expenses 32,050 34,114 32,097 2,017 27,947 Repairs and maintenance 75,980 90,949 14,218 76,731 58,430 Water System Supplies 59,500 61,045 53,004 8,041 63,717 Personnel and support 239,740 236,280 222,495 13,785 223,013 Professional fees 20,175 56,885 58,019 (1,134) 16,923 Administrative expenses 113,650 106,143 105,769 374 109,717 Garbage collection fees 120,300 123,454 123,453 I 118,518 Depreciation and amortization 235,064 (235,064) 198,500 Total Operating Expenses 1,168,695 1,167,407 1,296,767 (129,360) 1,274,619 Operating Income 396,385 397,673 422,077 24,404 502,119 Nonoperating Revenues (Expenses) Interest income 22,000 22,000 3,321 (18,679) 16,908 Interest expense (109,940) (109,940) (109,955) (15) (105,235) Donations emergency service Income 2,000 2,000 1,863 (137) 1,932 Expense (2,000) (2,000) (1,848) 152 (1,904) Capital outlay 75 Miscellaneous income 1,708 1,708 Total Nonoperating Revenues (Expenses) (87,940) (87,940) (104,911) (16,971) (88,224) Change in net position 308,445 309,733 317,166 7,433 413,895 Net Position - beginning ofyear 4,355,208 4,355,208 4,355,208 3,941,313 Net Position - end ofyear $4,663,653 $4,664,941 $ 4,672,374 $ 7,433 $ 4,355,208 See independent auditor' S report. 66 CITY OF BRUCEVILLE-EDDY, TEXAS NOTES TO REQUIRED BUDGETARY INFORMATION FOR TH YEAR ENDED SEPTEMBRER 30, 2021 A. BUDGETARY DATA The City adopts its annual budget on a basis consistent with accounting principles generally accepted in the United States of America (GAAP basis) for the General Fund. The Water Fund budget is prepared on a basis (budget basis) which differs from GAAP basis. All annual appropriations lapse at fiscal year-end. The appropriated budget is prepared by fund and function. The legal level ofbudgetary control is the fund level. 1. The City follows these procedures in establishing the budgetary data reflected in the financial statements: b. Prior to the beginning of each fiscal year, the Mayor submits to the City Council a proposed budget for the fiscal year beginning on the following October 1. The operating budget includes proposed expenditures and the means of financing those expenditures. b. Public hearings are conducted at which all interested persons' comments concerning the budget are heard. C. The budget is legally enacted by the City Council. d. Budget revisions may be made during the period. B. EXCESS OF EXPENDITURES OVER APPROPRIATIONS The City over-expended its budget as follows: General Fund Equipment > 12,012 Debt principal 5 2,485 Proprietary Water Fund Depreciation and amortization $ 235,064 Professional fees $ 1,134 See independent auditor's report. -67- This page is left blank intentionally. -68- INDIVIDUAL FUND FINANCIAL STATEMENTS - 69- This page is left blank intentionally. - 70- CITY OF BRUCEVILLE-EDDY, TEXAS COMPARATIVE BALANCE SHEETS - GENERAL FUND September 30, 2021 and 2020 2021 2020 ASSETS Cash and cash equivalents $ 581,495 $ 511,731 Investments 2,288,424 1,935,223 Taxes receivable, net 13,893 17,819 Due from other funds 15,824 15,824 Cash and cash equivalents, restricted 178,029 84,498 Total Assets $ 3,077,665 $2,565,095 LIABILITIES Accounts payable $ 12,318 $ 22,839 State criminal costs and fees payable 25,173 30,876 Other accrued expenses 13,693 10,936 Total Liabilities 51,184 64,651 DEFERRED INFLOWS OF RESOURCES Deferred CLFRF grant revenue 210,246 Unavailable revenues - property tax 13,892 17,819 Unavailable revenues - lease income 10,712 10,712 Total Deferred Inflows of Resources 234,850 28,531 FUND BALANCES Restricted for: Court technology and building security 35,606 70,754 Public safety 142,424 13,744 Child safety 2,963 10,654 Unassigned 2,610,638 2,376,761 Total Fund Balances 2,791,631 2,471,913 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 3,077,665 $2,565,095 See independent auditor' S report. -71- CITY OF BRUCEVILLE-EDDY, TEXAS COMPARATIVE STATEMENTS OF NET POSITION - WATER FUND September 30, 2021 and 2020 2021 2020 ASSETS Current assets: Cash and cash equivalents $ 2,157,754 $ 2,094,116 Accounts receivable, net 169,430 190,642 Total current assets 2,327,184 2,284,758 Noncurrent assets: Restricted assets: Cash and cash equivalents 279,196 278,804 Certificate of deposits 60,363 60,273 Customer deposits 60,396 40,880 Net pension asset 62,404 42,035 Due from other funds 738,218 720,255 Capital assets: Land 476,262 476,262 Construction in progress 53,375 Buildings and improvements 185,113 131,738 Water facilities 5,892,944 5,817,890 Machinery and equipment 900,963 900,963 Less: accumulated depreciation (3,830,947) (3,595,883) Total capital assets 3,624,335 3,784,345 Total Assets 7,152,096 7,211,350 DEFERRED OUTFLOWS OF RESOURCES Deferred amounts related to pensions 9,433 9,997 Deferred amounts related to OPEB 6,063 3,488 Total Deferred Outflows of Resources 15,496 13,485 Total Assets and Deferred Outflows of Resources 7,167,592 7,224,835 See independent auditor' S report. 72- 2021 2020 LIABILITIES Current liabilities: Accounts payable 32,734 62,796 Other accrued liabilities 5,563 63,329 Customer deposits 99,030 84,531 Liabilities payable from restricted assets: Bonds and notes payable current portion 319,944 309,714 Total current liabilities 457,271 520,370 Noncurrent liabilities: Compensated absences 5,706 5,706 Net OPEB liability 24,176 18,556 Liabilities payable from restricted assets: Bonds and notes payable 1,970,089 2,290,034 Total Liabilities 2,457,242 2,834,666 DEFERRED INFLOWS OF RESOURCES Deferred amounts related to pensions 35,465 33,953 Deferred amounts related to OPEB 2,511 1,008 Total Deferred Inflows of Resources 37,976 34,961 Total Liabilities and Deferred Inflows of Resources 2,495,218 2,869,627 NET POSITION Net investment in capital assets 1,334,302 1,184,597 Restricted for: Debt service 279,196 278,804 Capital projects 60,363 60,273 Customer deposits 60,396 40,880 Onrestricted 2,938,117 2,790,654 Total Net Position $ 4,672,374 $ 4,355,208 -73- This page is left blank intentionally. - 74- BGFN CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN. AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT. AUDITING STANDARDS Honorable Mayor and Members ofthe City Council City of Bruceville-Eddy, Texas We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business- type activities, and each major fund of the City, as of and for the year ended September 30, 2021, and the related notes to the financial statements, which collectively comprise the City's basic financial statements, and have issued our report thereon dated December 13, 2021. Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the City's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control. Accordingly, we do not express an opinion on the effectiveness of the City's internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. 75 - 3520 SW H.K. DODGEN LOOP TEMPLE, TEXAS76504 . 254.773.9907 FAX: 254.773.1570 WWWAIEMPLECPA.COM INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENTAUDITING STANDARDS (CONTINUED) Compliance and Other Matters As part of obtaining reasonable assurance about whether the City's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose ofthis report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Thothg - - n RC Temple, Texas December 13, 2021 76- BRUCEVILLE #12 Eddy She City Sucuille-taldgs Sising into the Sutwe 143 Wilcox Drive wwwbrucevileeddy.us Phone: (254)859-5964 Eddy, Texas 76524 Fax: (254)859-5779 I, the undersigned authority, do hereby request to be placed on the agenda of: 2021 to discuss the 27 following: Jan City5 hele win CiH Sall fels Dated thisy ancary day of al 2021 8082 Signed: Robert Reese Phone Number for contact: Home: Cell: 973-363-6977 Address: 341 Anyg Hobhs LN Slly Ty 7524 MUST BE APPROVED BY MAYOR Mayor Connally Bass Moved to next agenda of regular council session for approval: #15a - - l Check Register Accounts Payable-Paid 12012021-12312021 Liabilities(below)- Balance Sheet Reports Legal Shield Globe Life Liberty National Division McCreary, Veselka, Bragg, & Allen PC Office of the Attorney General Principal Life Insurance Company Tabor & Associates Inc.(Water) TML Health United States Treasury 1/20/2022 4:16 PM A/P HISTORY CHECK REPORT PAGE: VI ENDOR SET: 01 City of Bruceville-Eddy BANK: ALL BANKS DATE RANGE:12/01/2021 THRU 12/31/2021 CHECK INVOICE CHECK CHECK CH IECK VENDOR I.D. NAME STATUS DATE AMOUNT DISCOUNT NO STATUS AMOUNT C-CHECK VOID CHECK V 12/28/2021 006788 TOTALS NO INVOICE AMOUNT DISCOUNTS CHECK AMOUNT REGULAR CHECKS: 0 0.00 0.00 0.00 HAND CHECKS: 0 0.00 0.00 0.00 DRAFTS: 0 0.00 0.00 0.00 EFT: 0 0.00 0.00 0.00 NON CHECKS: 0 0.00 0.00 0.00 VOID CHECKS: 1 VOID DEBITS 0.00 VOID CREDITS 0.00 0.00 0.00 TOTAL ERRORS: 0 NO INVOICE AMOUNT DIS SCOUNTS CHECK AMOUNT VENDOR SET: 01 BANK: TOTALS: 1 0.00 0.00 0.00 BANK: TOTALS: 1 0.00 0.00 0.00 1/20/2022 4:16 PM A/P HISTORY CHECK REPORT PAGE: 2 VE OR SET: 01 City of Bruceville-Eddy BANK: 10AP CRAL FUND DATE RANGE:12/01/2021 THRU 12/31/2021 CHECK INVOICE CHECK CHECK CHECK VENDOR I.D. NAME STATUS DATE AMOUNT DISCOUNT NO STATUS AMOUNT 0305 AIRDALE INSPECTION LLC R 12/13/2021 006773 300.00 0305 AIRDALE INSPECTION LLC R 12/21/2021 006781 75.00 ** VENDOR TOTALS *1 2 CHECKS 375.00 0199 BROCKWAY GERSBACH FRANKLIN 6 N R 12/08/2021 006759 4,050.00 VENDOR TOTALS 1 CHECKS 4,050.00 0119 CARD SERVICE CENTER R 12/14/2021 006780 2,468.01 * VENDOR TOTALS ** * 1 CHECKS 2,468.01 0202 CITY OF WACO FINANCE DEPARTMEN R 12/13/2021 006774 350.00 ** VENDOR TOTALS 1 CHECKS 350.00 0192 DAD' S QUICK LUBE & AUTOMOTIVE R 12/28/2021 006794 156.38 VENDOR TOTALS 1 CHECKS 156.38 0123 DIRECT ENERGY BUSINESS R 12/08/2021 006760 1,455.04 VENDOR TOTALS 1 CHECKS 1,455.04 0155 EXTRI RACO o N JLTING R 12/13/2021 006775 50.00 VENDOR TOTALS 1 CHECKS 50.00 0163 EXTRACO TECHNOLOGY R 12/08/2021 006761 920.13 VENDOR TOTALS * 1 CHECKS 920.13 0167 FIRST NATIONAL BANK OF MOODY D 12/28/2021 000322 32.50 0167 FIRST NATIONAL BANK OF MOODY D 12/28/2021 000323 32.50 * * VENDOR TOTALS ** 2 CHECKS 65.00 0128 FUELMAN R 12/08/2021 006762 620.25 0128 FUELMAN R 12/21/2021 006782 704.40 VENDOR TOTALS * 2 CHECKS 1,324.65 0154 GREATAMERICA FINANCIAL sVCS. R 12/08/2021 006763 90.00 VENDOR TOTALS ** CHECKS 90.00 0137 IMPACT PROMOTIONAL SERVICES, L R 12/28/2021 006791 152.15 VENDOR TOTALS ** 1 CHECKS 152.15 0145 KEITH ACE HARDWARE-GO R 12/08/2021 006764 52.15 VENDOR TOTALS ** * 1 CHECKS 52.15 1/20/2022 4:16 PM A/P HISTORY CHECK REPORT PAGE: VENDOR SET: 01 City of Bruceville-Eddy BANK: 10AP GENERAL FUND DATE RANGE:12/01/2021 THRU 12/31/2021 CHECK INVOICE CHECK CHECK CHECK VENDOR I.D. NAME STATUS DATE AMOUNT DISCOUNT NO STATUS AMOUNT 0102 LEGALSHIELD R 12/28/2021 006785 15.95 ** * VENDOR TOTALS 1 CHECKS 15.95 0103 GLOBI E LIFE LIBERTY NATIONAL DI R 12/28/2021 006786 403.86 *1 * VENDOR TOTALS 1 CHECKS 403.86 0298 LOGMEIN COMMINICATIONS, INC. R 12/08/2021 006765 341.52 VENDOR TOTALS 1 CHECKS 341.52 0136 MCCREARY, VESELKA, BRAGG, & AL R 12/13/2021 006776 6,856.32 VENDOR TOTALS 1 CHECKS 6,856.32 0111 NAMAN HOWELL SMITH & LEE PLLC R 12/13/2021 006777 683.75 *** VENDOR TOTALS * 1 CHECKS 683.75 0146 O'REILLY AUTOMOTIVE, INC. R 12/08/2021 006766 119.94 ** * VENDOR TOTALS 1 CHECKS 119.94 0108 OFFICE DEPOT INC. R 12/08/2021 006767 104.97 0108 OFFICE DEPOT INC. R 12/28/2021 006789 85.33 *** * VENDOR TOTALS * 2 CHECKS 190.30 0104 OFFICE OF THE ATTORNEY GENERAL R 12/08/2021 006768 186.25 0104 OFFICE OF THE ATTORNEY GENERAL R 12/08/2021 006769 253.38 0104 OFFICE OF THE ATTORNEY GENERAL R 12/21/2021 006783 186.25 0104 OFFICE OF THE ATTORNEY GENERAL R 12/21/2021 006784 253.38 ** * VENDOR TOTALS 4 CHECKS 879.26 0170 PITNEY BOWES GLOBAL FINANCIAL D 12/08/2021 000319 200.00 0170 PITNEY BOWES GLOBAL FINANCIAL R 12/08/2021 006770 483.75 VENDOR TOTALS 2 CHECKS 683.75 0105 PRINCIPAL LIFE INSURANCE COMPA R 12/28/2021 006787 443.60 VENDOR TOTALS ** 1 CHECKS 443.60 0166 RANDY H RIGGS, CPA R 12/08/2021 006771 158.06 VENDOR TOTALS 1 CHECKS 158.06 1/20/2022 4:16 PM A/P HISTORY CHECK REPORT PAGE: VENDOR SET: 01 City of Bruceville-Eddy BANK: 10AP GENERAL FUND DATE RANGE:12/01/2021 THRU 12/31/2021 CHECK INVOICE CHECK CHECK CHECK VENDOR I.D. NAME STATUS DATE AMOUNT DISCOUNT NO STATUS AMOUNT 1 NALCACI, R 12/13/2021 006772 200.00 ** * VENDOR TOTALS * 1 CHECKS 200.00 0131 TIME WARNER CABLE R 12/28/2021 006790 105.53 VENDOR TOTALS 1 CHECKS 105.53 0173 TML HEALTH R 12/28/2021 006792 8,412.91 * VENDOR TOTALS ** * 1 CHECKS 8,412.91 0100 TEXAS MUNICIPAL RETIREMENT SYS E 12/30/2021 000040 4,205.16 ** VENDOR TOTALS *1 1 CHECKS 4,205.16 0107 UNITED STAT ES - ORY D 12/06/2021 000318 1,537.92 0107 NI ITED STATES TREASURY D 12/20/2021 000320 1,499.20 VENDOR TOTALS 2 CHECKS 3,037.12 0112 VERIZON WIRELESS R 12/13/2021 006778 635.47 VENDOR TOTALS CHECKS 635.47 0314 WILLIAMS R 12/28/2021 006795 17,810.90 VENDOR TOTALS 1 CHECKS 17,810.90 0313 WACO PAVING, INC. R 12/13/2021 006779 21,459.00 * * VENDOR TOTALS 1 CHECKS 21,459.00 0184 WASHINGTON COUNTY TRACTOR R 12/28/2021 006793 2,943.94 * VENDOR TOTALS ** * 1 CHECKS 2,943.94 TOTAL: S NO INVOICE AMOUNT DISCOUNTS CHECK AMOUNT REGU SULAR CHECKS: 36 73,587.57 0.00 73,587.57 HAND CHECKS: 0 0.00 0.00 0.00 DRAFTS: 5 3,302.12 0.00 3,302.12 EFT: 1 4,205.16 0.00 4,205.16 NON CHECKS: 0 0.00 0.00 0.00 VOID CHECKS: VOID DEBITS 0.00 VOID CREDITS 0.00 0.00 0.00 TOTAL ERRORS: 0 NO INVOICE AMOUNT DISCOUNTS CHECK AMOUNT VENDOR SET: 01 BANK: 10AP TOTALS: 42 81,094.85 0.00 81,094.85 BANK: 10AP TOTALS: 42 81,094.85 0.00 81,094.85 1/20/2022 4:16 PM A/P HISTORY CHECK REPORT PAGE: VENDOR SET: 01 City of Bruceville-Eddy BANK: 10CT MUNICPAL COURT TECH/BUILD DATE RANGE:12/01/2021 THRU 12/31/2021 CHECK INVOICE CHECK CHECK CHECK VENDOR I.D. NAME STATUS DATE AMOUNT DISCOUNT NO STATUS AMOUNT 0163 EXTRACO TECHNOLOGY R 12/08/2021 001233 460.06 * VENDOR TOTALS *: 1 CHECKS 460.06 TOTALS NO INVOICE AMOUNT DISCOUNTS CHECK AMOUNT REGULAR CHECKS: 1 460.06 0.00 460.06 HAND CHECKS: 0 0.00 0.00 0.00 DRAFTS: 0 0.00 0.00 0.00 EFT: 0 0.00 0.00 0.00 NON CHECKS: 0 0.00 0.00 0.00 VOID CHECKS: ) VOID DEBITS 0.00 VOID CREDITS 0.00 0.00 0.00 TOTAL ERRORS: 0 NO INVOICE AMOUNT DISCOUNTS CHECK AMOUNT VENDOR SET: 01 C: 10CT To OTALS: 1 460.06 0.00 460.06 BANK: 10CT TOTALS: 1 460.06 0.00 460.06 1/20/2022 4:16 PM A/P HISTORY CHECK REPORT PAGE: VENDOR SET: 01 City of Bruceville-Eddy BANK: 50AP WATER SUPPLY DATE RANGE:12/01/2021 THRU 12/31/2021 CHECK INVOICE CHECK CHECK CHECK VE ENDOR I.D. NAME STATUS DATE AMOUNT DISCOUNT NO STATUS AMOUNT 0149 AT&T R 12/13/2021 008630 89.42 * VENDOR TOTALS ** 1 CHECKS 89.42 0152 BLUEI N NNET WATER SUPPLY CORP. R 12/08/2021 008612 28,057.60 VENDOR TOTALS 1 CHECKS 28,057.60 0199 BROCKWAY GERSBACH FRANKLIN & N R 12/08/2021 008613 1,350.00 VENDOR TOTALS 1 CHECKS 1,350.00 0157 BRUCEVILLE-EDDY VFD R 12/08/2021 008614 151.00 ** VENDOR TOTALS 1 CHECKS 151.00 0119 CARD SERVICE CENTER R 12/14/2021 008633 605.51 VENDOR TOTALS ** 1 CHECKS 605.51 0151 CITY OF WACO WATER OFFICE R 12/08/2021 008615 180.00 VENDOR TOTALS 1 CHECKS 180.00 0140 CORE & MAIN LP R 12/28/2021 008637 1,888.71 * VENDOR TOTALS * 1 CHECKS 1,888.71 0123 DI ECT EN GY 30 SS R 12/08/2021 008616 3,610.72 VENDOR TOTALS 1 CHECKS 3,610.72 0163 EXTRACO TECHNOLOGY R 12/08/2021 008617 460.06 VENDOR TOTALS 1 CHECKS 460.06 0167 FIRST NATIONAL BANK OF MOODY D 12/28/2021 000321 145.00 *** VENDOR TOTALS *1 1 CHECKS 145.00 0128 FUI LMAN R 12/08/2021 008618 505.09 0128 FUELMAN R 12/21/2021 008634 575.24 VENDOR TOTALS 2 CHECKS 1,080.33 0154 SREATAMERICA FINANCIAL svCS. R 12/08/2021 008619 90.00 ** VENDOR TOTALS * 1 CHECKS 90.00 0145 KEITH ACE HARDWARE-GO R 12/08/2021 008620 146.00 VENDOR TOTALS 1 CHECKS 146.00 0298 LOGMEIN COMMUNICATIONS, INC. R 12/08/2021 008621 113.85 VENDOR TOTALS 1 CHECKS 113.85 1/20/2022 4:16 PM A/P HISTO o R RY CHECK REPORT PAGE: 7 VI NDOR SET: 01 City of Bruceville-Eddy BANK: 50AP WATER SUPPLY DATE RANGE:12/01/2021 THRU 12/31/2021 CHECK INVOICE CHECK CHECK CHECK VENDOR I.D. NAME STZ ATUS DATE AMOUNT DISCOUNT NO STATUS AMOUNT 0141 LONESTAR MAINTENANCE & SERVICE R 12/13/2021 008631 91.00 0141 LON ESTAR MAINTENANCE & SERVICE R 12/21/2021 008635 760.06 VENDOR TOTALS 2 CHECKS 851.06 0198 NATIONAL WHOLESALE SUPPLY co, R 12/08/2021 008622 998.49 0198 NATIONAL WHOLESALE SUPPLY cO, R 12/28/2021 008639 509.51 VENDOR TOTALS 2 CHECKS 1,508.00 0108 OFFICE DEPOT INC. R 12/08/2021 008623 34.99 VENDOR TOTALS ** 1 CHECKS 34.99 0170 PITNEY BOWES GLOBAL FINANCIAL R 12/08/2021 008624 161.25 * VENDOR TOTALS 1 CHECKS 161.25 0150 SOUTHERN TRINITY 3 ROUNDWATER R 12/08/2021 008625 281.83 VENDOR TOTALS 1 CHECKS 281.83 0120 TABOR & ASSOCIATES INC. R 12/21/2021 008636 225.00 VENDOR TOTALS 1 CHECKS 225.00 0188 TE A AS C S SION ON ENVIRONMEN R 12/08/2021 008626 4,711.35 ** VENDOR TOTALS ** 1 CHECKS 4,711.35 0143 UNITED STATES POSTAL SERVICE R 12/28/2021 008638 718.80 VENDOR TOTALS 1 CHECKS 718.80 0139 USA BLUEBOOK R 12/08/2021 008627 403.86 VENDOR TOTALS 1 CHECKS 403.86 0112 VER RIZ ZON NI SS R 12/13/2021 008632 348.84 VENDOR TOTALS 1 CHECKS 348.84 0127 WASTE CONNECTIONS LONE STAR, I R 12/08/2021 008628 10,712.30 VENDOR TOTALS * * 1 CHECKS 10,712.30 0164 YOUNGBLOOD AUTOMOTIVE & TIRE R 12/08/2021 008629 1,256.55 ** VENDOR TOTALS *1 1 CHECKS 1,256.55 1/20/2022 4:16 PM A/P HISTORY CHECK REPC RT PAGE: 8 VENDOR SET: 01 City of Bruceville-Eddy BANK: 50AP WATER SUPPLY DATE RANGE:12/01/2021 THRU 12/31/2021 CHECK INVOICE CHECK CHECK CHECK VI ENDOR I.D. NAME STATUS DATE AMOUNT DISCOUNT NO STATUS AMOUNT TOTAL S NO INVOICE AMOUNT DISCOUNTS CHECK AMOUNT REGULAR CHECKS: 28 59,037.03 0.00 59,037.03 HAND CHECKS: 0 0.00 0.00 0.00 DRAFTS: 1 145.00 0.00 145.00 EFT: 0 0.00 0.00 0.00 NON CHECKS: 0 0.00 0.00 0.00 VOID CHECKS: VOID DEBITS 0.00 VOID CREDITS 0.00 0.00 0.00 TOTAL ERRORS: 0 NO INVOICE AMOUNT DISCOUNTS CHECK AMOUNT VENDOR SET: 01 BANK: 50AP TOTALS: 29 59,182.03 0.00 59,182.03 BANK: 50AP TOTALS: 29 59,182.03 0.00 59,182.03 1/20/2022 4:16 PM A/P HISTORY CHECK REP 1 PAGE: VENDOR SET: 01 City of Bruceville-Eddy BANK: 50SD SECURITY DEPOSIT DATE RANGE:12/01/2021 THRU 12/31/2021 CHECK INY V OICE CHECK CHECK CHECK VENDOR I.D. NAME STATUS DATE AMOUNT DISCOUNT NO STATUS AMOUNT 1 ROSA, R 12/08/2021 001680 163.42 VENDOR TOTALS 1 CHECKS 163.42 TOTAL: S NO INVOICE AMOUNT DISCOUNTS CHECK AMOUNT REGULAR CHECKS: 1 163.42 0.00 163.42 HAND CHECKS: 0 0.00 0.00 0.00 DRAFTS: 0 0.00 0.00 0.00 EFT: 0 0.00 0.00 0.00 NON CHECKS: 0 0.00 0.00 0.00 VOID CHECKS: VOID DEBITS 0.00 VOID CREDITS 0.00 0.00 0.00 TOTAL ERRORS: 0 NO INVOICE AMOUNT DISCOUNTS CHECK AMOUNT VENDOR SET: 01 BAI :: 50SD TOTALS: 1 163.42 0.00 163.42 ANK: 50SD TOTALS: 1 163.42 0.00 163.42 EPORT TOTALS: 73 140,900.36 0.00 140,900.36 BRUCEVILLE Eddy 15b COUNCIL MONTHLY FINANCIAL SUMMARY FOR DECEMBER 2021 Summary ofl Funds General Fund Account Name Beginning Balance Total Deposits Total Withdraws Ending Balance MOODY GENERAL CHECKING $ 119,213.98 $ 57,905.40 $ (120,838.15) $ 56,281.23 MRLAI PROPERTYT TAX $ 212,074.86 $ 125,184.80 $ $ 337,259.66 MUNICPAL COURT TECH/BLDG FUND $ 33,485.43 $ 1,602.60 $ (460.06) $ 34,627.97 : CITY INVESTMENT $ 104,251.98 $ 13.25 $ $ 104,265.23 DIVIDEND ACCOUNT $ 260,265.77 $ $ $ 260,265.77 *Onlyt the $210,246.38 ASSET FORFIETURE $ 142,373.88 $ 8,501.29 $ (739.84) $ 150,135.33 MRLA INVESTMENT $ 2,184,745.24 $ 278.32 $ $ 2,185,023.56 CDBG GRANT S $ $ FUND: 10 TOTAL 3,056,411.14 $ 193,485.66 $ (122,038.05) $ 3,127,858.75 Water Fund Account Name Beginning Balance Total Deposits Total Withdraws Ending Balance WATER SUPPLY-MOODY CHECKING $ 191,744.77 $ 122,418.71 $ (108,586.66) $ 205,576.82 SECURITY DEPOSIT $ 38,409.05 $ 3,200.00 $ (163.42) $ 41,445.63 #729 CD UTILITY MPROVAMEMT-NVESIMENT $ 60,377.99 $ 7.66 $ $ 60,385.65 2011 IMPROVE REVE BOND-INTEREST & SINKING FUND $ 12,409.00 $ 6,178.79 $ $ 18,587.79 PETTY CASH $ 200.00 $ $ $ 200.00 2011 IMPROVE REVE BOND-RESERVE FUND $ 71,319.02 $ 26.97 5 $ 71,345.99 WATER REFUNDI BOND $ $ 5 $ 2013 IMPROVEMENT BOND-INTEREST & SINKING FUND $ 25,506.76 $ 12,709.72 S $ 38,216.48 2013 IMPROVEMENT REVENUE BOND-RESERVE FUND $ 5,095.37 $ 1.93 $ 5,097.30 * SERIES 2013 WATER $ $ $ $ WATER IMPROVEMENT $ $ $ $ #166 IMPROVEMENTI REVE BOND-RESERVE INVESTMENT $ 164,795.58 $ 20.99 $ $ 164,816.57 ** * 2011 REFUND REVENUE BOND-RESERVE FUND $ 37,804.23 $ 14.30 $ $ 37,818.53 . 2011 REFUNDF REVE BOND-INTEREST & SINKING FUND $ 6,116.63 $ 3,042.38 $ $ 9,159.01 2015 COMBINATION TAX & REV-INTEREST & SINKING $ 7,888.38 $ 3,929.77 $ $ 11,818.15 :** #522 COBE' WATER: SUPPLY INVESTMENT $ 2,004,430.54 $ 255.34 $ $ 2,004,685.88 FUND 50 TOTAL $ 2,626,097.32 $ 151,806.56 $ (108,750.08) $ 2,669,153.80 Summary Beginning Balance Total Deposits Total Withdraws Ending Balance General Fund' Totals $ 3,056,411.14 $ 193,485.66 $ (122,038.05) $ 3,127,858.75 Water Fund' Totals $ 2,626,097.32 $ 151,806.56 $ (108,750.08) $ 2,669,153.80 TOTAL $ 5,797,012.55 General Fund: Fund Balance Restricted fund balance $ 395,009.68 Unrestricted Fund Balance $ 2,732,849.07 TOTAL $ 3,127,858.75 Water Fund: Fund Balance Restricted Fund Balance $ 398,305.45 Unrestricted Fund Balance: $ 2,270,848.35 TOTAL $ 2,669,153.80 DEBT: Debt Service: General Fund Current Year $ 22,215.78 Debt Service: Water Fund Current Year $ 373,095.83 Debt Service: Sewer Fund Current Year $ 47,512.50 Next year Bond Debt Service $ 415,372.49 Total Remaining Debt Service in Future Yrs 2023-2030 $ 2,260,983.03 4 Bonds issued-2-2011;: 2013; 2015 TOTAL $ 3,119,179.63 *Bond Payments made semi annual:March: 30, & Sept. 30 - - Esther Moreno, Finance Director 2 ofFinanc Ilzo/2 SUBMITTEDEY Directoro ce CityA Administrator TOTAL DEBT Debt Series 2011 SERIES 2011 Series 2013 Water Series 2015 TOTALS Description Rev. Bond 2 Revenue Bond Meters Revenue Bond Code Fund WATER WATER WATER WATER SEWER Issuance Year 3/1/2011 9/30/2011 9/30/2013 2/28/2020 3/30/2016 Final Year 2025 2025 2028 2025 2030 Issuance. Amount $731,000.00 $371,000.00 $1,883,000.00 $489,200.00 $395,000.00 $3,474,200.00 Principle Balance Due $314,000.00 $156,000.00 $1,273,000.00 $489,200.00 $365,000.00 $2,232,200.00 Interest Balancel Due $48,272.70 $28,563.43 $284,479.90 $44,481.90 $88,825.00 $405,797.93 Total Outstanding: Interest+Principle $362,272.70 $184,563.43 $1,557,479.90) $533,681.90 $453,825.00 $2,637,997.93 Interest Rate 5.50% 5.50% 3:25% 2.97% 4.25% Interest 2022 $13,438.62 $7,520.00 $48,524.99 $11,791.92 $14,152.50 $95,428.03 Principle 2022 $59,000.00 $29,000.00 $104,000.00 $94,944.46 $33,000.00 $319,944.46 Total 2021-2022 $72,438.62 $36,520.00 $152,524.99 $106,736.38 $47,152.50 $415,372.49 Interest 2023 $9,877.72 $5,816.24 $44,625.00 $8,972.07 $12,750.00 Principle 2023 $63,000.00 $31,000.00 $109,000.00 $97,764.31 $34,000.00 Total 2022-2023 $72,877.72 $36,816.24 $153,625.00 $106,736.38 $46,750.00 $416,805.34 Interest 2024 $6,067.19 $4,005.95 $40,375.32 $6,068.47 $11,305.00 Principle 2024 $66,000.00 $33,000.00 $113,000.00 $100,667.91 $35,000.00 Total 2023-2024 $72,067.19 $37,005.95 $153,375.32 $106,736.38 $46,305.00 $415,489.84 Interest 2025 $2,073.15 $2,056.24 $35,745.00 $3,078.64 $9,817.50 Principle 2025 $70,000.00 $35,000.00 $118,000.00 $103,657.74 $36,000.00 Total 2024-2025 $72,073.15 $37,056.24 $153,745.00 $106,736.38 $45,817.50 $415,428.27 Interest 2026 $31,025.00 $8,287.50 Principle 2026 $233,000.00 $37,000.00 Total 2025-2026 $264,025.00 $45,287.50 $309,312.50 Interest 2027 $21,122.50 $6,715.00 Principle 2027 $243,000.00 $38,000.00 Total 2026-2027 $264,122.50 $44,715.00 $308,837.50 Interest 2028 $10,824.58 $5,100.00 Principle 2028 $254,000.00 $39,000.00 Total 2027-2028 $264,824.58 $44,100.00 $308,924.58 Interest 2029 $3,442.50 Principle 2029 $40,000.00 Total 2028-2029 $43,442.50 $43,442.50 Interest 2030 $1,742.50 Principle 2030 $41,000.00 Total 2029-2030 $42,742.50 $42,742.50 2022 Water Fund: $368,219.99 2023 Water Fund: $370,055.34 TOTALS FOR ALL: 2024-2030:Water Only $1,531,767.69 2022 $415,372.49 2023 $416,805.34 2022 Sewer Fund: $47,152.50 2024-2030 $1,844,177.69 2023 Sewer Fund: $46,750.00 2024-2030: Sewer $312,410.00 Will be paid at sewer closing DECEMBER 2021 City: Revenues & Disbursements Pg.1 #1 10-00-5100 Big property tax payment #2 10-00-6000 1st month without a City Admin Pg.2 #3 10-10-6008 15t month with only one employee #4 10-10-6205 2nd payment of Audit #5 10-10-6206 Accupancy, electrical and plumbing permits #6 10-10-6427 Christmas Luncheon Pg.3 #7 10-10-6918 Includes front parking lot/$21,459.00) and Williams emburements1781090 #8 10-20-6107 Shirts #9 10-20-6205 2nd payment of Audit #10 10-20-6422 Includes quarterly stamp machine lease payment Pg.5 #11 10-30-6006 1st month new employee health coverage #12 10-30-6419 Reactivated line for new full time employee #13 10-30-6605 CT112-2016 Kubota mower Pg.6 #14 10-40-6001 1st full month with new court arrangement pay #15 10-40-6104 Court Clerk Training in Austin mileage reimbursement #16 10-40-6205 2nd payment of Audit Water: Revenues & Disbursements Pg.2 #1 50-00-6202 Creekside matters, Financial Audit letters response #2 50-00-6205 2nd payment of Audit #3 50-00-6418 includes yearly charge for Tolbert Well emergency call #4 50-00-6422 Includes quarterly stamp machine lease payment #5 50-00-6600 Included new tires on 2010 Dodge Pg.3 #6 50-00-6708 Includes Pump Station 4" pump repair #7 50-00-6709 Ford Plant Check Valve and Pump Station Valve Sewer: Revenues & Disbursements Pg.1 #1 51-00-6202 Sewer Easements 1/20/2022 acknowledge that the reports are accurate to the best of my knowledge at the date and time the reports were printed. K 22 20 4:53PM I TT - II I I - C / - - - - C - a / - 1-20-2022 04:28 PM CITY OF BRUCEVILLE-EDDY PAGE: 1 MONTH TO DATE BALANCE SHEET AS OF: DECEMBER 31ST, 2021 10 -GENERAL FUND NOVE E M IBER DECEMBER ACCT NO# ACCOUNT NAME ACTIVITY ACTIVITY $ CHANGE CHANGE ASSETS 10-00-1000 MOODY GEN ERAL CHECKING ( 51,989.34) ( 62,932.75) ( 10,943.41) 21.05 10-00-1001 MRLA PROPERTY TAX ( 119,941.47) 125,184.80 245,126.27 204.37- 10-00-1003 N. I CPAL COURT TECH/BUILDING 1,660.06) 1,142.54 2,802.60 168.83- 10-00-1004 CITY INV ENT ACCOUNT #320 12.85 13.25 0.40 3.11 10-00-1005 DIVIDEND ACCOUNT 210,246.38 0.00 ( 210,246.38) 100.00- 10-00-1007 ASSET R. PIETORE ( 829.70) 7,761.45 8,591.15 1,035.45- 10-00-1008 MRLA INVESTMENT 269.29 278.32 9.03 3.35 10-00-1750 DUE FROM WATER FUND 10.02 4.10) 14.12) 140.92- TOTAL ASSETS 36,117.97 71,443.51 35,325.54 97.81 LIABILITIES 10-0 00-2 2000 ACCOUNTS PAYABLE 5,221.41 25,376.91 20,155.50 386.02 10-00-2010 STATE COMP FINES PAYABLE 8,956.80 ( 13,967.95) ( 22,924.75) 255.95- 10-00-2013 OMNI COURT IABILITY 234.00 ( 402.00) ( 636.00) 271.79- 10-00-2014 MVBA 0.00 ( 426.63) ( 426.63) 0.00 10-00-2111 BOR ICE-PLATTING 502.00 0.00 ( 502.00) 100.00- 10-00-2121 LIAB ALL INSURANCE SHRT/OVER 0.06 ( 0.01) ( 0.07) 116.67- 10-00-2122 DENTAL V. IS I ION ADD'L PLAN 0.00 11.07 11.07 0.00 TOTAL LIABILITIES 14,914.27 10,591.39 4,322.88) 28.98- FUND EQUITY TOTAL REVENUES 80,982.72 151,521.98 70,539.26 87.10 TOTAL EXPENDI -S 59,779.02) 90,669.86) 30,890.84) 51.68 TOTAL FUND EQUITY 21,203.70 60,852.12 39,648.42 186.99 TOTAL LIABILITIES & EQUITY 36,117.97 71,443.51 35,325.54 97.81 ** OUT OF BALANCE ** 0.00 0.00 0.00 97.81 1-20-2022 04:28 PM CITY OF BRUCEVILLE-EDDY PAGE: 1 MONTH TO DATE BALANCE SHEET AS OF: DECEMBER 31ST, 2021 50 -WATER FUND NOVEMBER DECEMBER ACCT NO# ACCOUNT NAME ACTIVITY ACTIVITY $ CHANGE & CHANGE ASSETS 50-00-1000 MOODY BANK CKING WATER SUPPLY 309,010.15) 13,832.05 322,842.20 104.48- 50-00-1001 SECURITY DEPOSIT 1,560.72) 3,036.58 4,597.30 294.56- 50-00- -1002 #729 CD INVESTMENT ACCT. CDAR 7.42 7.66 0.24 3.23 50-00-1004 2011 M ROV-INT & 51 INK ING FUND 6,176.00 6,178.79 2.79 0.05 50-00-1006 2011 IMPRV RVN BOND RESRV FUND 0.00 26.97 26.97 0.00 50-00-1008 2013 INT & SINKING FUND 12,704.00 12,709.72 5.72 0.05 50-00-1009 2013 IMPROVEMNT REV BOND RESRV 0.00 1.93 1.93 0.00 50-00-1012 #166 IMP REV BOND NVST ACCT 20.31 20.99 0.68 3.35 50-00-1013 2011 REFUND REV RESERVE BOND 0.00 14.30 14.30 0.00 50-00-1014 2011 INT & SINKING FUND 3,041.00 3,042.38 1.38 0.05 50-00-1016 2015 INT & SINKING FUND 3,928.00 3,929.77 1.77 0.05 50-0 017 #522 COBE WAT R TMENT 250,243.95 255.34 ( 249,988.61) 99.90- 50-00-1020 RVS WATER RECEIVABLES 9,915.58 13,887.32 3,971.74 40.06 50-0 0-1 1021 RVS RECEIVABLES NSF CHECKS 51.01) 78.91 129.92 254.70- TOTAL ASSETS 24,585.62) 57,022.71 81,608.33 331.94- LIABILITIES 50-00-2000 ACCOUNTS PAYABLE 331.69 19,001.82 18,670.13 5,628.79 50-00-2111 METER STUDY TABOR 125.00 1,875.00 1,750.00 1,400.00 50-00-2113 UNEARNED DEPOSITS 2,936.58) 1,338.66 4,275.24 145.59- 50-00-2710 DUE TO GENERAL FUND 10.02 ( 4.10) ( 14.12) 140.92- 50-00-2751 DUE TO SEWER FUND 72,377.50) ( 601.25) 71,776.25 99.17- 50-00-2800 OVER/SHORT 0.18) 0.00 0.18 100.00- IC OTA LIABILITIES ( 74,847.55) 21,610.13 96,457.68 128.87- FUND EQUITY TOTAL REVENUES 143,034.51 135,837.61 ( 7,196.90) 5.03- TOTAL X d DIT URE: S 92,772.58) 100,425.03) 7,652.45) 8.25 TOTAL FUND EQUITY 50,261.93 35,412.58 ( 14,849.35) 29.54- TOTAL LIABILITIES & EQUITY ( 24,585.62) 57,022.71 81,608.33 331.94- * OUT OF BALANCE 0.00 0.00 0.00 331.94- 1-20-2022 04:28 PM CITY OF BRUCEVILLE-EDDY PAGE: 1 MONTH TO DATE BALANCE SHEET AS OF: DECEMBER 31ST, 2021 51 -SEWER FUND NOVEMBER DECEI IBER ACCT NO# ACCOUNT NAME ACTIVITY ACTIVITY $ CHANGE CHANGE ASSETS LIABILITIES 51-00-2750 DUE TO WATER FUND 72,377.50 601.25 71,776.25) 99.17- TOTAL LIABILITIES 72,377.50 601.25 ( 71,776.25) 99.17- FUND EQUITY TOTAL EXPENDITURES 72,377.50) 601.25) 71,776.25 99.17- TOTAL FUND EQUITY ( 72,377.50) ( 601.25) 71,776.25 99.17- - ) - a S 1-20-2022 04:22 PM CITY OF BRUCEVILLE-EDDY PAGE: 1 YEAR TO DATE BALANCE SHEET AS OF: DECEMBER 31ST, 2021 10 -GENERAL FUND 2020-2021 2021-2022 ACCT NO# ACCOUNT NAME BALANCE BALANCE $ CHANGE CHANGE ASSETS 10-00-1000 MOODY GENERAL IECKING 130,014.12 56,281.23 ( 73,732.89) 56.71- 10-00-1 1001 MRLA PROPE ERTY TAX 423,782.53 337,259.66 ( 86,522.87) 20.42- 10-00-1003 MU UNICPAL COURT TECH/BUILDING 71,116.32 34,627.97 ( 36,488.35) 51.31- 10-00-1004 CITY INVI STMENT ACCOUNT #320 104,109.31 104,265.23 155.92 0.15 10-00-1005 DIVIDEND ACCOUNT 50,019.39 260,265.77 210,246.38 420.33 10-00-1007 ASSET o FIETORE 13,006.11 150,135.33 137,129.22 1,054.34 10-00-1 10 08 MRLA INVESTMENT 1,831,845.52 2,185,023.56 353,178.04 19.28 10-00-1200 PF OPERTY TAX RECEIVABLE 57,495.24 46,533.18 ( 10,962.06) 19.07- 10-00-1206 ALLOWANCE FOR DOUBTFUL ACCTS ( 39,676.67) ( 32,640.35) 7,036.32 17.73- 10-00-1750 DUE FROM WATER E UND 14,293.02 14,412.57 119.55 0.84 10-00-1751 DUE FROM SEWER FUND 1,531.25 1,531.25 0.00 0.00 TOTAL ASSETS 2,657,536.14 3,157,695.40 500,159.26 18.82 LIABILITIES 10-00-2000 ACCOUN TS PAYABLE 34,745.27 16,716.88 ( 18,028.39) 51.89- 10-00-2010 STATE COMP FINES PAI y LE 32,512.04 26,459.49 ( 6,052.55) 18.62- 10-00-2013 OMNI o RT LIABILITY 150.00 90.00 ( 60.00) 40.00- 10-00-2014 MVBA 0.00 ( 426.63) ( 426.63) 0.00 10-00-2015 COURT BONDS 2,793.49 3,177.69 384.20 13.75 10-00-2016 COURT BOND E CE FUND 162.00) ( 162.00) 0.00 0.00 10-00-2100 PAYROLL TAXES PAYABLE 124.17 124.17 0.00 0.00 10-00-2105 TMRS PAYABLE 1,722.64 1,722.64 0.00 0.00 10-00-2110 PRE-PAID LEGAL 247.05 247.05 0.00 0.00 10-00-2111 TABOR INVOICE-PLATTING 64.45 84.81 20.36 31.59 10-00-2 2115 AFLAC PAYABLE 122.46 122.46 0.00 0.00 10-00-2120 TH INSURANCE PLAN SWHP 3,702.73 3,702.73 0.00 0.00 10-00-2121 LIAB ALL INSU INCE SHRT/OVER 2,118.27 2,122.09 3.82 0.18 10-00-2122 TAL VISION ADD'L PLAN 48.59) ( 25.59) 23.00 47.33- 10-00-2123 LIBERTY NAT ONAL LIFE 136.69 136.69 0.00 0.00 10-00-2124 APPROVED PAYROLL ADVA ANCE 433.00 433.00 0.00 0.00 10-00-2127 INSU CE CLAIMS 580.31 580.31 0.00 0.00 10-00-2130 EMPLOYEE EQUIPMENT PURCHS 2,423.12 2,423.12 0.00 0.00 10-00-2400 PAYROLL LIABILITIES ( 542.54) ( 542.54) 0.00 0.00 10-00-2500 DEFEE R RE ED LEASE INCOME 10,712.00 10,712.00 0.00 0.00 10-0 2550 DEFERRED CRLF FUNDS 0.00 210,246.38 210,246.38 0.00 10-00-2600 DE D PF OPERTY TAX REVENUE 17,818.57 13,892.83 3,925.74) 22.03- TOTAL LIABILITIES 109,653.13 291,837.58 182,184.45 166.15 FUND EQUITY 10-00-3000 FUND BALANCE 2,471,913.95 2,610,637.76 138,723.81 5.61 10-00-3001 CHILD SAFETY RESTRICTED FB 0.00 2,962.89 2,962.89 0.00 10-00-3002 MUNICIPAL COURT TECH/BLDG FUND 0.00 35,605.55 35,605.55 0.00 10-00-3003 ASSI T C RFEITURE FUND 0.00 142,423.58 142,423.58 0.00 TOTAL REVENUES 272,044.73 276,932.51 4,887.78 1.80 TOTAL EXPENDITURES 196,075.67) 202,704.47) 6,628.80) 3.38 TOTAL PUND EQUITY 2,547,883.01 2,865,857.82 317,974.81 12.48 TOTAL LIA ITIES & EQUITY 2,657,536.14 3,157,695.40 500,159.26 18.82 1-20-2022 04:22 PM CITY OF BRUCEVILLE-EDDY PAGE: 1 YEAJ TO DATE BALANCE SHEET AS OF: DECEMBER 31ST, 2021 50 -WATER FUND 2020-2021 2021-2022 ACCT NO# ACCOUNT NAME BALANCE BALANCE $ CHANGE CHANGE ASSETS 50-00-1000 MOODY BANK CKING WATER SUPPLY 285,563.52 205,576.82 ( 79,986.70) 28.01- 50-00-100 01 SECURITY DEPOSIT 46,066.69 41,445.63 ( 4,621.06) 10.03- 50-00-1002 #729 CD INVESTM ENT ACCT. CDAR 60,295.34 60,385.65 90.31 0.15 50-00-1004 2011 IMPROV-INT : SINKING FUND 18,670.46 18,587.79 ( 82.67) 0.44- 50-00-1005 PETTY CASH 200.00 200.00 0.00 0.00 50-00 0-1006 2011 IMPRV RVN BOND RESRV FUND 71,239.05 71,345.99 106.94 0.15 50-00-1008 2013 INT & SINK KING FUND 37,926.32 38,216.48 290.16 0.77 50-00-1009 2013 IMPROVEMNT REV BOND RESRV 5,089.64 5,097.30 7.66 0.15 50-00-1012 #166 IMP REV BOND INVST ACCT 164,569.74 164,816.57 246.83 0.15 50-00-1013 2011 REFUND REV RESERVE BOND 37,761.84 37,818.53 56.69 0.15 50-00-1014 2011 INT & SINKING FUND 9,323.10 9,159.01 ( 164.09) 1.76- 50-00-1016 2015 INT & SINKING U ND 11,878.83 11,818.15 ( 60.68) 0.51- 50-00 0-, 1 LC 017 #522 COBE WATER INVESTMENT 1,751,997.05 2,004,685.88 252,688.83 14.42 50-00-1018 BAD DEB: 1 ALI L o W CES 30,595.89) ( 5,725.69) 24,870.20 81.29- 50-00- 020 RVS WATER RECEIVABLES 189,763.04 112,840.79 ( 76,922.25) 40.54- 50-00-1021 RVS S RECEIVABLES NSF CHECKS 9,012.76 33.10 ( 8,979.66) 99.63- 50-00-1022 RVS TAP FEE RECEIVA! ES 4,884.71 1,470.59 ( 3,414.12) 69.89- 50-00-1023 DEFFERRED OUTFLOW CONTRIBUTION 8,265.00 8,193.00 ( 72.00) 0.87- 50-00-1024 DEFFE D OUTFLOW INVEST. EXP ( 1,393.00) ( 1,393.00) 0.00 0.00 50-00-1025 DEFERRED OUTFLOW ACTUAL EXP 36,765.00 36,765.00 0.00 0.00 50-00-1026 DE 1 FLOW TIZATION ( 33,640.00) ( 34,132.00) ( 492.00) 1.46 50-00-1027 DEFFERRED OUTFLOW OF RESOURCES 87.00 385.00 298.00 342.53 50-00-1028 DEF. OUTFLOW-A AC C AL VS ASSUMPT 3,401.20 5,678.20 2,277.00 66.95 50-00-1029 NET PENSION ASSESTS 42,035.00 62,404.00 20,369.00 48.46 50-00-1030 TANK IMPROVEMENTS 809,268.82 809,268.82 0.00 0.00 50-00-1031 EQUIPMENT 745,578.46 745,578.46 0.00 0.00 50-00-1032 AUTOMOBILES 91,355.52 91,355.52 0.00 0.00 50-00-1033 OFFICE EQUIPMENT 64,029.02 64,029.02 0.00 0.00 50-00-1034 A/D SYSTEM IMPROVEMENTS 1,432,726.17 1,432,726.17 0.00 0.00 50-00-1035 CONS' JC C 1 TION IN PE ESS 53,375.00 0.00 ( 53,375.00) 100.00- 50-00-1036 LAND 465,980.19 465,980.19 0.00 0.00 50-0 -1 0 37 PROPERTY EASMENTS 10,281.71 10,281.71 0.00 0.00 50-00-1038 MUNICIPAL BUILDING 62,268.69 115,643.69 53,375.00 85.72 50-00-1039 WATER SYSTEM 3,575,895.08 3,650,949.08 75,054.00 2.10 50-00-1040 AINTE ENANCE BUILDING 69,469.37 69,469.37 0.00 0.00 50-00-1041 A/D WATER FACILITIES 3,136,384.95) ( 3,286,063.17) ( 149,678.22) 4.77 50-00-1042 A/D BUILDING AND IMPROV VEMENT 130,904.93) ( 133,184.10) ( 2,279.17) 1.74 50-00-1043 A/D EQUIPMENT AND FURNTURE 328,592.63) ( 411,699.67) ( 83,107.04) 25.29 50-00-1044 CASH DRAWER 300.00 300.00 0.00 0.00 50-00-1100 PETTY CASH:1100 DONATIONS 200.00 200.00 0.00 0.00 TOTAL ASSETS 6,514,011.92 6,480,507.88 ( 33,504.04) 0.51- 1-20-2022 04:22 PM CITY OF BRUCEVILLE-EDDY PAGE: 2 YEA TO DATE BALANCE SHEET AS OF: DECEMBER 31ST, 2021 50 -WATER FUND 2020-2021 2021-2022 ACCT NO# ACCOUNT NAME BALANCE BALANCE $ CHANGE CHANGE LIABILITIES 50-00-2000 ACCOUNTS PAYABLE 55,425.63 70,754.47 15,328.84 27.66 50-00-2001 NET E ASSET LIAB: LITY 18,556.00 24,176.00 5,620.00 30.29 50-00-2004 CAPITAL GOVERAMENP-WATER METEE 397,034.00 302,089.21 ( 94,944.79) 23.91- 50-00-2005 A. AYROLL LIABI L LITY 23.24 23.24 0.00 0.00 50-00-2006 VACATION PAYABLE 5,706.00 5,706.00 0.00 0.00 50-00-2007 FERRED INFLOWS OF RESOURCES 667.00 2,170.00 1,503.00 225.34 50-00-2008 DEFERRED INFLOWS OF EXPECTED R 341.00 341.00 0.00 0.00 50-00-2009 DEF.1 INFLOH-PRJECTED VS ACTUAL 33,953.00 35,465.00 1,512.00 4.45 50-00-2105 TMRS PAYABLE 485.99) ( 485.99) 0.00 0.00 50-00-2110 PRE-PAID LEGAL 90.57 90.56 ( 0.01) 0.01- 50-00-2: 1 111 R STODY TABOR 3,568.00 5,198.00 1,630.00 45.68 50-00-2113 UNEZ NED E TS 88,431.13 33,415.04 ( 55,016.09) 62.21- 50- - 114 REV REFUNDING BONDS SERIES 201 128,000.00 99,000.00 ( 29,000.00) 22.66- 50-00-2115 REV G BC S CURRENT DU 28,000.00 29,000.00 1,000.00 3.57 50-00-2116 REVENUE BONDS SERIES 2011 258,000.00 199,000.00 ( 59,000.00) 22.87- 50-00-2117 2013 IMR E BOND CURRENT DUE 99,000.00 104,000.00 5,000.00 5.05 50-00-2118 2013 IMPROVEMENT BOND 1,174,000.00 1,070,000.00 ( 104,000.00) 8.86- 50-00-2120 EALTH LN URANCE PLAN SWHP ( 272.14) ( 268.45) 3.69 1.36- 50-00-2121 HOLT BAKHOE CURRENT DUE 2,548.00 0.00 ( 2,548.00) 100.00- 50-00 0-2122 DENTAL VISION ADD'L PLAN ( 6.73) ( 11.13) ( 4.40) 65.38 50-00-2126 REV BOND SER: RIE ES 2011 56,000.00 59,000.00 3,000.00 5.36 50-00-2200 CREEKSIDE RANCH DEVELOPMENT 24,000.00 522.41 ( 23,477.59) 97.82- 50-00-2210 FIRE HYDRANTS 0.00 2,041.47 2,041.47 0.00 50-00-2550 2015 REVENUE BOND 333,000.00 300,000.00 ( 33,000.00) 9.91- 50-00-2551 2015 REVENU E BOND - URRENT DUE 32,000.00 33,000.00 1,000.00 3.13 50-00-2552 CAPTL GOVT-WTR METER-CURRENT 92,166.00 94,944.00 2,778.00 3.01 50-00-2710 DUE TO GENERAL FUND 14,293.02 14,412.57 119.55 0.84 50-00-2751 DUE TO SEWER FUND 736,326.92) ( 825,489.74) ( 89,162.82) 12.11 50-00-2800 OVER/SHORT 25.43 7.63 ( 17.80) 70.00- TOTAL BIABILITIES 2,107,736.24 1,658,101.29 ( 449,634.95) 21.33- FUND EQUITY 50-00-3000 FUND BALANCE 4,355,207.11 4,672,372.55 317,165.44 7.28 TOTAL REVENUES 406,153.58 434,556.60 28,403.02 6.99 TOTAL EXPEN NI NDITURES 355,085.01) 284,522.56) 70,562.45 19.87- TOTAL FUND EQUITY 4,406,275.68 4,822,406.59 416,130.91 9.44 TOTAL LIABILITIES & EQUITY 6,514,011.92 6,480,507.88 33,504.04) 0.51- ** OUT OF BALANCE * 0.00 0.00 0.00 0.51- 1-20-2022 04:22 PM CITY OF RUCE IDLE-EDDY PAGE: 1 YEAR TO DATE BALANCE SHEET AS OF: DECEMBER 31ST, 2021 51 -SEWER FUND 2020-2021 2021-2022 ACCT NO# ACCOUNT NAME BALANCE BALANCE $ CHANGE CHANGE ASSETS 51-00-1035 CONSTRUCTION IN PROGRESS 650,360.56 656,435.56 6,075.00 0.93 51-00-1036 LAND 74,567.14 82,921.58 8,354.44 11.20 TOTAL ASSETS 724,927.70 739,357.14 14,429.44 1.99 LIABILITIES 51-00-2710 DUE TO GENERAL FUND 1,531.25 1,531.25 0.00 0.00 51-00-2750 DUE TO WATER FUND 736,326.92 825,489.74 89,162.82 12.11 TOTAL LIABILITIES 737,858.17 827,020.99 89,162.82 12.08 FUND EQUITY 51-00-3000 RETAINED EARNINGS 11,151.27) ( 14,685.10) ( 3,533.83) 31.69 TOTAL EXPEI NDITURES 1,779.20) - 72,978.75) ( 71,199.55) 4,001.77 TOTAL FUND EQUITY 12,930.47) ( 87,663.85) ( 74,733.38) 577.96 TOTAL LIABII IES & EQUITY 724,927.70 739,357.14 14,429.44 1.99 * OUT OF BALANCE 0.00 0.00 0.00 1.99