CITY OF TEMPLE, TEXAS MANAGEMENT’S DISCUSSION AND ANALYSIS September 30, 2014
Total Sources of Revenue Hotel/Motel Mixed taxes Franchise fees beverage taxes 1.2% 0.1% Sales tax 5.3% 15.7%
Total Expenses by Activity Other taxes 0.1% Settlement income, net expense 0.0%
Property tax 16.7%
Culture & leisure services 9.9% Health and w elfare 0.0%
Investment earnings 0.5%
Capital grants & contributions 11.6% Operating grants & contributions 0.4%
Charges for Services 46.7%
Airport 2.9%
Interest on long-term debt 2.9%
Water and Sew er 21.6%
General Government 11.7%
Sanitation 5.7%
Miscellaneous income 1.7%
Highw ay and streets 22.5%
Public Safety 22.7%
For fiscal year 2014, revenues from governmental activities totaled $ 89,191,911. Property taxes and sales tax are the largest components of revenues (43.92%). Charges for services account for 29.78% of total governmental revenue. For fiscal year 2014, expenses for governmental activities totaled $ 97,683,079. The City’s five largest funded programs are for public safety, general government, highways and streets, sanitation, and culture and leisure services. For governmental activities, the Statement of Activities on page 55 shows that $ 26,558,329 was financed by those receiving services, $ 513,508 from operating grants and contributions, $ 12,724,001 from capital grants and contributions, with the City’s general revenues financing $ 49,396,073 of the remaining program expenses. The debt service fund has a total fund balance of $ 1,349,568, all of which is reserved for the payment of debt service. The decrease in fund balance during the current year in the debt service fund was attributable to the defeasance of the limited tax notes issued to make repairs to the Police headquarters facility. The City received funds in the prior fiscal year as the result of a settlement of a lawsuit related to the Police headquarters facility. The lawsuit settlement received was used to pay off the debt issued for the repairs made to the facility. The capital projects fund has a total fund balance of $ 6,620,346. The fund balance decreased by $ 9,880,074 during the current fiscal year. This decrease is due to the expenditure of the various bond proceeds. The pass through financing project fund has a total fund balance of $ 5,032,163. This major fund was new in FY 2012 and was derived from the issuance of pass-through agreement revenue & limited tax bonds. The majority of those bonds were spent during FY 2014.
44