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CP 2022-02-22City Council City of Coppell, Texas Meeting Agenda 255 E. Parkway Boulevard Coppell, Texas 75019-9478 Council Chambers5:30 PMTuesday, February 22, 2022 WES MAYS BRIANNA HINOJOSA-SMITH Mayor Mayor Pro Tem CLIFF LONG JOHN JUN Place 1 Place 5 DON CARROLL BIJU MATHEW Place 3 Place 6 KEVIN NEVELS MARK HILL Place 4 Place 7 MIKE LAND City Manager Notice is hereby given that the City Council of the City of Coppell, Texas will meet in Regular Called Session at 5:30 p.m. for Executive Session, Work Session will follow immediately thereafter, and Regular Session will begin at 7:30 p.m., to be held at Town Center, 255 E. Parkway Boulevard, Coppell, Texas. As authorized by Section 551.071(2) of the Texas Government Code, this meeting may be convened into closed Executive Session for the purpose of seeking confidential legal advice from the City Attorney on any agenda item listed herein. As authorized by Section 551.127, of the Texas Government Code, one or more Councilmembers or employees may attend this meeting remotely using videoconferencing technology. The City of Coppell reserves the right to reconvene, recess or realign the Work Session or called Executive Session or order of business at any time prior to adjournment. The purpose of the meeting is to consider the following items: 1.Call to Order 2.Work Session (Open to the Public) 1st Floor Conference Room A.Discussion regarding agenda items. B.Discussion regarding citizen comments read into the record. Page 1 City of Coppell, Texas Printed on 2/24/2022 February 22, 2022City Council Meeting Agenda Citizen Comments Memo.pdfAttachments: Regular Session 3.Invocation 7:30 p.m. 4.Pledge of Allegiance Proclamations 5.Consider approval of the proclamation celebrating the month of February as “Black History Month”, and authorizing the Mayor to sign. Proclamation.pdfAttachments: 6.Citizens’ Appearance 7.Consent Agenda A.Consider approval of the minutes: February 8, 2022. CM 2022-02-08.pdfAttachments: B.Consider approval of a professional services agreement with Halff & Associates, for Engineering & Design Services for the Magnolia Park Trail, not to exceed the amount of $191,913.00; and authorizing the City Manager to sign any necessary documents. Memo.pdf Agreement.pdf Attachments: C.Consider approval of the Annual Comprehensive Financial Report (ACFR) for the fiscal year ending September 30, 2021. Memo.pdf 2021 ACFR.pdf Attachments: D.Consider approval of the waiver of the application fee for a PD amendment for Sherwood Park. Memo.pdfAttachments: E.Consider approval of an Ordinance adding to the Code of Ordinances Section 8-1-5 “Temporary Speed Zone In Construction Or Work Zones” to add the temporary maximum speed during construction; establish a penalty for a violation; and providing an effective date; and authorizing the Mayor to sign. Temp Speed Limit Memo.pdf Temp Speed Limit Ordinance.pdf Attachments: Page 2 City of Coppell, Texas Printed on 2/24/2022 February 22, 2022City Council Meeting Agenda End of Consent Agenda Presentation of annual Audit Results.8. 9.PUBLIC HEARING: Consider approval of an Ordinance of the City of Coppell, Texas, readopting, ratifying, republishing and extending the Chapter 9 of the Code of Ordinances, Article 9-17, “Curfew Hours for Minors,” for a period of three (3) years; and authorizing the Mayor to sign. Curfew Memo.pdf Curfew Ordinance.pdf Attachments: 10.Presentation and discussion of proposed changes to the Short-Term Rental Ordinance. STR Memo.pdf STR Ordinance.pdf Attachments: 11.Consider approval of an Ordinance repealing Chapter 1, Article 1-13 “Code of Conduct” in its entirety; and authorizing the Mayor to sign. Memo.pdf Repealing Ordinance.pdf Attachments: 12.City Manager Reports - Project Updates and Future Agendas 13.Mayor and Council Reports Report by the Mayor and City Council on recent and upcoming events. 14.Council Committee Reports concerning items of community involvement with no Council action or deliberation permitted. A. Report on Dallas Regional Mobility Coalition - Councilmember Don Carroll B. Report on Woven Health Clinic - Councilmember Mark Hill C. Report on Metrocrest Services - Councilmember Biju Mathew D. Report on Coppell Seniors - Councilmember Jun E. Report on Historical Society - Councilmember Long 15.Public Service Announcements concerning items of community interest with no Council action or deliberation permitted. 16.Necessary Action from Executive Session 17.Adjournment ________________________ Wes Mays, Mayor Page 3 City of Coppell, Texas Printed on 2/24/2022 February 22, 2022City Council Meeting Agenda CERTIFICATE I certify that the above Notice of Meeting was posted on the bulletin board at the City Hall of the City of Coppell, Texas on this 18th day of February, 2022, at _____________. ______________________________ Ashley Owens, City Secretary PUBLIC NOTICE - STATEMENT FOR ADA COMPLIANCE AND OPEN CARRY LEGISLATION The City of Coppell acknowledges its responsibility to comply with the Americans With Disabilities Act of 1990. Thus, in order to assist individuals with disabilities who require special services (i.e. sign interpretative services, alternative audio/visual devices, and amanuenses) for participation in or access to the City of Coppell sponsored public programs, services and/or meetings, the City requests that individuals make requests for these services seventy-two (72) hours – three (3) business days ahead of the scheduled program, service, and/or meeting. To make arrangements, contact Kori Allen, ADA Coordinator, or other designated official at (972) 462-0022, or (TDD 1-800-RELAY, TX 1-800-735-2989). Page 4 City of Coppell, Texas Printed on 2/24/2022 Master City of Coppell, Texas 255 E. Parkway Boulevard Coppell, Texas 75019-9478 File Number: 2022-6136 File ID: Type: Status: 2022-6136 Agenda Item Work Session 1Version: Reference: In Control: City Council 02/14/2022File Created: Final Action: WKS 2/22/22File Name: Title: A.Discussion regarding agenda items. B.Discussion regarding citizen comments read into the record. Notes: Sponsors: Enactment Date: Citizen Comments Memo.pdfAttachments: Enactment Number: Hearing Date: Contact: Effective Date: Drafter: Related Files: History of Legislative File Action: Result: Return Date: Due Date: Sent To: Date: Acting Body: Ver- sion: Text of Legislative File 2022-6136 Title A.Discussion regarding agenda items. B.Discussion regarding citizen comments read into the record. Summary Page 1City of Coppell, Texas Printed on 2/24/2022 MEMORANDUM To: Mayor and City Council From: Mike Land, City Manager Date: February 22, 2022 Reference: Discussion regarding citizen comments read into the record. At the request of Mayor Wes Mays, this item has been placed on Work Session. Master City of Coppell, Texas 255 E. Parkway Boulevard Coppell, Texas 75019-9478 File Number: 2022-6148 File ID: Type: Status: 2022-6148 Agenda Item Proclamations 1Version: Reference: In Control: City Council 02/16/2022File Created: Final Action: Black History MonthFile Name: Title: Consider approval of the proclamation celebrating the month of February as “Black History Month”, and authorizing the Mayor to sign. Notes: Sponsors: Enactment Date: Proclamation.pdfAttachments: Enactment Number: Hearing Date: Contact: Effective Date: Drafter: Related Files: History of Legislative File Action: Result: Return Date: Due Date: Sent To: Date: Acting Body: Ver- sion: Text of Legislative File 2022-6148 Title Consider approval of the proclamation celebrating the month of February as “Black History Month”, and authorizing the Mayor to sign. Summary Fiscal Impact: [Enter Fiscal Impact Statement Here] Staff Recommendation: [Enter Staff Recommendation Here] Strategic Pillar Icon: Page 1City of Coppell, Texas Printed on 2/24/2022 PROCLAMATION WHEREAS, during Black History Month, we celebrate the many achievements and contributions made by people of African descent to our economic, cultural, spiritual, and political development; and WHEREAS, in 1926, Dr. Carter G. Woodson initiated Black History Week; and for many years, the second week of February was chosen to celebrate the contributions and achievements of Black people in the United States; and WHEREAS, in 1976, as part of the nation’s bicentennial, Black History Week was expanded and became established as Black History Month, and is now celebrated all over North America; and WHEREAS, we celebrate the diversity of Black individuals in Coppell, Texas, our nation and the Black diaspora, whether they identify as African, African-American, Afro-Latino, Afro-Caribbean, or Black; and WHEREAS, the Black History Month 2022 theme is “Black Health and Wellness” and is set every year by the Association for the Study of African American Life and History®; and WHEREAS, the 2022 theme considers activities, rituals and initiatives that Black communities have done to be well, including the legacy of Black scholars, midwives, nurses, and doctors; and WHEREAS, we uplift our community leaders, Black business owners, professionals and others who promote well-being and knowledge throughout the many facets of the Black community as part of our whole inclusive community; and WHEREAS, the observance of Black History Month calls our attention to the continued need to battle racism and build a society that lives up to its democratic ideals; and WHEREAS, The City of Coppell continues to work toward becoming an inclusive community in which all citizens-past, present, and future-are respected and recognized for their contributions and potential contributions to our community, the state, the country, and the world; and WHEREAS, the City of Coppell is proud to honor the history and contributions of Black individuals in our community, throughout our state, and nation. NOW, THEREFORE, I, Wes Mays, Mayor of the City of Coppell, do hereby proclaim the month of February, as “BLACK HISTORY MONTH” IN WITNESS THEREOF, I have set my hand and caused the seal of the City of Coppell to be affixed this 22nd day of February 2022. ATTEST: Wes Mays, Mayor Ashley Owens, City Secretary Master City of Coppell, Texas 255 E. Parkway Boulevard Coppell, Texas 75019-9478 File Number: 2022-6147 File ID: Type: Status: 2022-6147 Agenda Item Agenda Ready 1Version: Reference: In Control: City Council 02/15/2022File Created: Final Action: Minutes 2/8/22File Name: Title: Consider approval of the minutes: February 8, 2022. Notes: Sponsors: Enactment Date: CM 2022-02-08.pdfAttachments: Enactment Number: Hearing Date: Contact: Effective Date: Drafter: Related Files: History of Legislative File Action: Result: Return Date: Due Date: Sent To: Date: Acting Body: Ver- sion: Text of Legislative File 2022-6147 Title Consider approval of the minutes: February 8, 2022. Summary Page 1City of Coppell, Texas Printed on 2/24/2022 255 E. Parkway Boulevard Coppell, Texas 75019-9478 City of Coppell, Texas Minutes City Council 5:30 PM Council ChambersTuesday, February 8, 2022 WES MAYS BRIANNA HINOJOSA-SMITH Mayor Mayor Pro Tem CLIFF LONG JOHN JUN Place 1 Place 5 DON CARROLL BIJU MATHEW Place 3 Place 6 KEVIN NEVELS MARK HILL Place 4 Place 7 MIKE LAND City Manager Wes Mays;Cliff Long;Brianna Hinojosa-Smith;Don Carroll;Kevin Nevels;John Jun;Biju Mathew and Mark Hill Present 8 - Also present were Deputy City Managers Vicki Chiavetta and Traci Leach, City Attorney Robert Hager and City Secretary Ashley Owens. The City Council of the City of Coppell met in Regular Session on Tuesday, February 8, 2022 at 5:30 p.m. in the City Council Chambers of Town Center, 255 Parkway Boulevard, Coppell, Texas. Call to Order1. Mayor Wes Mays called the meeting to order, determined that a quorum was present and convened into the Executive Session at 5:32 p.m. Executive Session (Closed to the Public) 1st Floor Conference Room2. Section 551.071, Texas Government Code - Consultation with City Attorney. Seek legal advice from City Attorney concerning appointment and removal of boards and commissions members. Discussed under Executive Session Page 1City of Coppell, Texas February 8, 2022City Council Minutes Work Session (Open to the Public) 1st Floor Conference Room3. Mayor Wes Mays adjourned the Executive Session at 7:10 p.m. and convened into the Work Session at 7:13 p.m. A.Discussion regarding agenda items. B.Discussion regarding cancellation of the March 8 or March 22, 2022, City Council meeting. C.Discussion regarding The Duck Pond Park renovations. D.Discussion regarding proposed changes to the Code of Conduct and update on Social Media guidelines. Presented in Work Session. Regular Session Mayor Wes Mays recessed the Work Session at 7:27 p.m. and reconvened into the Regular Session at 7:35 p.m. Invocation 7:30 p.m.4. Priest Subra Rallabandi with Sri Harihara Peetham gave the Invocation. Pledge of Allegiance5. Mayor Wes Mays and the City Council led those present in the Pledge of Allegiance. Citizens’ Appearance6. David Schauf emailed a letter regarding utility billing equity to the City Secretary's Office. The email was read into the record. Consent Agenda7. A.Consider approval of the minutes: January 21 and 22, 2022, and January 25, 2022. A motion was made by Councilmember Don Carroll, seconded by Councilmember Kevin Nevels, that Consent Agenda Items A-C be approved. The motion passed by an unanimous vote. B.Consider approval of awarding Bid #1122-02; Royal and Northpoint traffic signal to Durable Specialties; for the supply and installation of a traffic signal; in the amount of $285,000.00; funded through Bond proceeds; and authorizing the City Manager to sign any necessary documents. A motion was made by Councilmember Don Carroll, seconded by Councilmember Kevin Nevels, that Consent Agenda Items A-C be approved. The motion passed by an unanimous vote. Page 2City of Coppell, Texas February 8, 2022City Council Minutes C.Consider approval of a professional services agreement with Kimley-Horn and Associates, for Engineering & Design Services for renovations to The Duck Pond Park, not to exceed the amount of $85,500.00, as provided for in the CRDC Fund Balance; and authorizing the City Manager to sign any necessary documents. A motion was made by Councilmember Don Carroll, seconded by Councilmember Kevin Nevels, that Consent Agenda Items A-C be approved. The motion passed by an unanimous vote. End of Consent Agenda 8.Consider approval of an Ordinance of The City of Coppell, Texas, amending the Code of Ordinances by amending Chapter 6 ‘Business Regulations’, Article 6-15 ‘Temporary Signs’, Section 6-15-5, ‘Provisions for All Zoning Districts’; by amending the Subsection (8)(C) to amend the time temporary banner signs at a location shall be permitted from five times to twelve; and authorizing the Mayor to sign. Presentation: Mindi Hurley, Director of Community Development, made a presentation to City Council. A motion was made by Councilmember Don Carroll, seconded by Councilmember Mark Hill, that this Agenda Item be approved. The motion passed by an unanimous vote. Enactment No: OR 2022-1569 9.Consider approval of awarding Bid # Q-0122-01, Wagon Wheel Elevated Storage Tank Rehabilitation; to O and J Coatings, Inc.; for the rehabilitation of the Wagon Wheel elevated tank; in the amount of $975,500.00; with a potential early completion incentive of $30,000.00; for a total contract amount of $1,005,500.00; funded through Bond proceeds; and authorizing the City Manager to sign any necessary documents. Presentation: Kent Collins, Director of Public Works, made a presentation to City Council. A motion was made by Councilmember Kevin Nevels, seconded by Councilmember Mark Hill, that this Agenda Item be approved. The motion passed by an unanimous vote. 10.Discuss and consider removal of Venky Venkatraman as a member of the Conduct Review Board. As a result of Executive Session, this item was pulled from the agenda. City Manager Reports - Project Updates and Future Agendas11. Due to the winter storm, our contractor was delayed in completing the sewer Page 3City of Coppell, Texas February 8, 2022City Council Minutes relocation work on Belt Line Road, related to the DART Silver Line. Therefore, the traffic switch to the northbound lanes has been delayed to February 21st. PIER Phase IV (UB Billing and Customer Self Service Software Implementation): Staff spent many hours verifying data last week before going live with the new system yesterday. This was a continuation of the numerous data validation runs performed over the last year to prepare for go live yesterday. The process has included lots of testing of various processes. In addition, staff has been very thoughtful regarding the impact on our residents and continue to work to provide a positive customer experience. At the end of the yesterday, we had 325 citizens registered on the CSS portal. This means staff answered 325 calls or emails yesterday as each customer needed to call the City to obtain their customer id. This allowed staff to answer any additional questions. The call-tree allowed calls to be answered by employees throughout the organization, we were able to handle the increased call volume. The kiosk is currently down, but staff and the vendor are working together to resolve the error message. However, staff anticipates the kiosk being available tomorrow. Mayor and Council Reports12. Report by the City Council on recent and upcoming events. After 31 years of service to the City of Coppell, Jennifer Miller, Director of Finance, announced her retirement effective February 4, 2022. Join us for a retirement celebration on Friday, February 11 from 4 - 6 pm at Coppell Town Center. The celebration was originally scheduled for Friday, February 4, but was postponed due to inclement weather. Theatre Coppell Presents: PEROT! American Patriot, born during the Great Depression, Ross Perot Sr. became one of America’s most beloved billionaires. He built the computer services industry, battled General Motors, helped veterans, and ran (twice) for president of the United States. Written by Watchdog Columnist Dave Lieber for The Dallas Morning News, this play will be presented by Theatre Coppell in its world premiere, which examines Perot’s life-long motto: Always pursue world-class excellence. For dates, times and ticket information please go to coppellartscenter.org. Public Service Announcements concerning items of community interest with no Council action or deliberation permitted. 13. Earl Roger's Memorial Service and Celebration of Life will be on February 20, 2022, at 2:30 p.m. at the Coppell Senior & Community Center, 345 W Bethel Rd, Coppell. Pete Wilson's Memorial Service will be on March 5, 2022, at 3 p.m. at the Coppell Arts Center, 505 Travis Street, Coppell. Necessary Action from Executive Session14. Please see Agenda Item No. 10. Page 4City of Coppell, Texas February 8, 2022City Council Minutes Mayor Wes Mays recessed the Regular Session at 8:02 p.m. and reconvened into the Work Session at 8:03 p.m. Adjournment15. There being no further business before the City Council, the meeting was adjourned at 8:23 p.m. ________________________ Wes Mays, Mayor ATTEST: ______________________________ Ashley Owens, City Secretary Page 5City of Coppell, Texas Master City of Coppell, Texas 255 E. Parkway Boulevard Coppell, Texas 75019-9478 File Number: 2022-6137 File ID: Type: Status: 2022-6137 Agenda Item Agenda Ready 1Version: Reference: In Control: Parks and Recreation 02/14/2022File Created: Final Action: Magnolia Park TrailFile Name: Title: Consider approval of a professional services agreement with Halff & Associates, for Engineering & Design Services for the Magnolia Park Trail, not to exceed the amount of $191,913.00; and authorizing the City Manager to sign any necessary documents. Notes: Sponsors: Enactment Date: Memo.pdf, Agreement.pdfAttachments: Enactment Number: Hearing Date: Contact: Effective Date: Drafter: Related Files: History of Legislative File Action: Result: Return Date: Due Date: Sent To: Date: Acting Body: Ver- sion: Text of Legislative File 2022-6137 Title Consider approval of a professional services agreement with Halff & Associates, for Engineering & Design Services for the Magnolia Park Trail, not to exceed the amount of $191,913.00; and authorizing the City Manager to sign any necessary documents. Summary See attached memo. Fiscal Impact: The fiscal impact of this agenda item is $191,913.00. Staff recommends using American Rescue Plan Act (ARPA) funding for this project. Staff Recommendation: Page 1City of Coppell, Texas Printed on 2/24/2022 Master Continued (2022-6137) The Parks and Recreation Department recommends approval. Strategic Pillar Icon: Implement Innovative Transportation Networks Page 2City of Coppell, Texas Printed on 2/24/2022 MEMORANDUM To: Mayor and City Council From: John Elias, Park Projects Manager Via: Jessica Carpenter, Director of Parks and Recreation Date: February 22, 2022 Reference: Consider approval of a professional services agreement with Halff & Associates, for Engineering & Design Services for the Magnolia Park Trail, not to exceed the amount of $191,913.00; and authorizing the City Manager to sign any necessary documents. 2040: Implement Innovative Transportation Networks Introduction: January 25, 2022 – City Council Regular Session, staff received direction from City Council to move forward with design and construction documents for a southern trail alignment for the Magnolia Park Trail. Analysis: Consider approval of a professional services agreement with Halff & Associates, for Engineering & Design Services for the Magnolia Park Trail, not to exceed the amount of $191,913.00, as provided for in the CRDC Fund Balance; and authorizing the City Manager to sign any necessary documents. Legal Review: Contract was reviewed by the City Attorney. Fiscal Impact: The fiscal impact of this agenda item is $191,913.00. Staff recommends using American Rescue Plan Act (ARPA) funding for this project. Recommendation: The Parks and Recreation Department recommends approval of this item. Agreement For Professional Services (Public Client-Scope of Services) - Page 1 of 5 _____________/________________ Revised 10 January 2022 Client Initial / Date AGREEMENT FOR PROFESSIONAL ENGINEERING SERVICES ON A DEFINED SCOPE OF SERVICES BASIS This Agreement for Professional Engineering Services, hereinafter called “Agreement,” is entered into by the City of Coppell a Municipality of the State of Texas, hereinafter referred to as “Client”, duly authorized to act by the City Manager of said Client, and HALFF ASSOCIATES, INC., a Texas corporation, acting through a duly authorized officer, herein called “Engineer,” relative to Engineer providing professional engineering services to the Client. Client and Engineer when mentioned collectively shall be referred to as the “Parties”. W I T N E S S E T H: For the mutual promises and benefits herein described, the Client and Engineer agree as follows: I. Term of Agreement. This Agreement shall become effective on the date of its execution by both Parties and shall continue in effect thereafter until terminated as provided herein. II. Services to be Performed by Engineer. Engineer shall provide to the Client basic engineeri ng services as described in the scope of services attachment and fully incorporated herein as “Exhibit A & D” which services may include, but will not be limited to, those services normally rendered by an engineer to a Municipality. Engineer shall perform its obligations under this agreement as an independent contractor and not as an agent or fiduciary of any other party. III. Compensation. Client agrees to pay monthly invoices for work performed or their undisputed portions within 30 days of receipt. Paym ent later than 30 days shall include interest at 1 percent (1%) per month or lesser maximum enforceable interest rate, from the date the Client received the invoice until the date Engineer receives payment. Such interest is due and payable when the overdu e payment is made in accordance with Texas Government Code §2251.021.. It is understood and agreed by the Parties that Engineer’s receipt of payment(s) from Client is not contingent upon Client’s receipt of payment, funding, reimbursement, or any other remuneration from others. Time-related charges will be billed as specified in this Agreement. Unless stated otherwise in this Agreement, direct expenses, subcontracted services, and direct costs will be billed at actual cost plus a service charge of 10 percent. Mileage will be billed at current IRS rates. IV. Client’s Obligations. The Client agrees that it will (i) designate a specific person to act as the Client’s representative, (ii) provide Engineer with any previous studies, reports, data, budg et constraints, special Client requirements, or other pertinent information known to the Client, when necessitated by a project, (iii) Client agrees to provide site access, and to provide those services described in the attached Scope of Services assist En gineer in obtaining access to property necessary for performance of Engineer’s work for the Client, (iv) make prompt payments in response to Engineer’s statements and (v) respond in a timely fashion to requests from Engineer. Engineer is entitled to rely upon and use, without independent verification and without liability, all information and services provided by the Client or the Client’s representatives. V. Termination of Work. Either the Client or the Engineer may terminate this Agreement at any time w ith or without cause upon giving the other Party ten (10) calendar days’ prior written notice. Client agrees that termination of Engineer for Client’s convenience shall only be utilized in good faith and shall not be utilized if either the purpose or the result of such termination is the performance of all or part of Engineer’s services under this Agreement by Client or by another service provider. Following Engineer’s receipt of such termination notice the Client shall, within ten (10) calendar days of Cl ient’s receipt of Engineer’s final invoice, pay the Engineer for all services rendered and all costs incurred up to the date of Engineer’s receipt of such notice of termination. VI. Ownership of Documents. Upon Engineer’s completion of services and receipt of payment in full, Engineer shall grant to Client a non-exclusive license to possess the final drawings and instruments produced in connection with Engineer’s performance of the work under this Agreement, if any. Said drawings and instruments may be copi ed, duplicated, reproduced, and used by Client for the purpose of constructing, operating, and maintaining the improvements. Client agrees that such documents are not intended or represented to be suitable for reuse by Client Agreement For Professional Services (Public Client-Scope of Services) - Page 2 of 5 _____________/________________ Revised 10 January 2022 Client Initial / Date or others for purposes outside the Scope of Services of this Agreement. Notwithstanding the foregoing, Client understands and agrees that any and all computer programs, GIS applications, proprietary data or processes, and certain other items related to the services performable under this Agreement are and shall remain the sole and exclusive property of Engineer and may not be used or reused, in any form, by Client without the express written authorization of Engineer. Client agrees that any reuse by Client, or by those who obtain said information from or through Client, without written verification or adaptation by Engineer, will be at Client’s sole risk and without liability or legal exposure to Engineer or to Engineer’s employees, agents, representatives, officers, directors, affiliates, shareholders, owners, members, managers, attorneys, subsidiary entities, advisors, subconsultants or independent contractors or associates. Engineer may reuse all drawings, reports, data, and other information developed in performing the services described by this Agreement in Engineer’s other activities. Under no circumstances shall delivery of electronic files for use by the Client be deemed a sale by Consultant, and Consultant makes no warranties, either express or implied, of merchantability or fitness for any particular purpose. In no event shall Consultant be liable for any damages, including but not limited to indirect or consequential damages, as a result of the Client’s unauthorized use or reuse of the electronic files. The Client is aware that differences may exist between the electronic files delivered and the printed hard-copy original documents. In the event of a conflict between the signed original documents prepared by Consultant and any electronic or other files or data provided it is unde rstood and agreed that the original signed or sealed hard-copy documents shall govern. VII. Notices. Any notices to be given hereunder by either party to the other may be affected either by personal delivery, in writing, or by registered or certified mail . VIII. Sole Parties and Entire Agreement. This Agreement shall not create any rights or benefits to anyone except the Client and Engineer and contains the entire agreement between the parties. Oral modifications to this Agreement shall have no force or effect. IX. Insurance. Engineer shall, at its own expense, purchase, maintain and keep in force throughout the duration of this Agreement and for a period of four (4) years thereafter, professional liability insurance. The limit s of liability shall be $2,000,000 per claim and in the aggregate. Engineer shall submit to the Client a certificate of insurance prior to commencing any work for the Client. X. Prompt Performance by Engineer. All services provided by Engineer hereunder shall be performed in accordance with the degree of care and skill ordinarily exercised under similar circumstances by competent members of the engineering profession in the State of Texas applicable to such engineering services contemplated by this Agreement. XI. Client Objection to Personnel. If at any time after entering into this Agreement, the Client has any reasonable objection to any of Engineer’s personnel, or any personnel, professionals and/or consultants retained by Engineer, Engineer shall promptly propose substitutes to whom the Client has no reasonable objection, and Engineer’s compensation shall be equitably adjusted to reflect any difference in Engineer’s costs occasioned by such substitution. XII. Assignment and Delegation. Neither the Client nor Engineer may assign their rights or delegate their duties without the written consent of the other party. This Agreement is binding on the Client and Engineer to the fullest extent permitted by law. Nothing herein is to be construed as creating any personal liability on the part of any Client officer, employee or agent. XIII. Jurisdiction and Venue. This Agreement shall be administered under the substantive laws of the State of Texas (and not its conflicts of law principles) whic h shall be used to govern all matters arising out of, or relating to, this Agreement and all of the transactions it contemplates, including without limitation, its validity, interpretation, construction, performance and enforcement. Exclusive venue shall lie in any court of competent jurisdiction in Dallas County, Texas. XIV. Integration, Merger and Severability. This Agreement and the Scope of Services, including fee and schedule are fully incorporated herein and represent the entire understanding of Clie nt and Engineer. No prior oral or written understanding shall be of any force or effect with respect to those matters covered herein. The Agreement may not be modified or altered except in writing signed by both Parties. This Agreement constitutes, repres ents and is intended by the Parties to be the complete and final statement and expression of all of the terms and arrangements between the Parties to this Agreement with respect to the matters provided for in this Agreement. This Agreement supersedes any and all prior or contemporaneous agreements, understandings, negotiations, and discussions between the Parties Agreement For Professional Services (Public Client-Scope of Services) - Page 3 of 5 _____________/________________ Revised 10 January 2022 Client Initial / Date and all such matters are merged into this Agreement. Should any one or more of the provisions contained in this Agreement be determined by a court of competent jurisdiction or by legislative pronouncement to be void, invalid, illegal, or unenforceable in any respect, such voiding, invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Agreement shall be c onsidered as if the entirety of such void, invalid, illegal, or unenforceable provision had never been contained in this Agreement. XV. Exclusivity of Remedies. The Parties acknowledge and agree that the remedies set forth in this Agreement (Agreed Remedies) are and shall remain the Parties’ sole and exclusive remedy with respect to any claim arising from, or out of, or related to, the subject matter of this Agreement. The Parties agree that Engineer is to have no liability or responsibility whatsoever to Client for any claim(s) or loss(es) of any nature, except as set forth in this Agreement. No Party shall be able to avoid the limitations expressly set forth in this Agreement by electing to pursue some other remedy. XVI. Timeliness of Performance. Engineer shall perform its professional services with due and reasonable diligence consistent with sound professional practices. XVII. Dispute Resolution. In the event of any disagreement or conflict concerning the interpretation of this Agreement, and such disagreement cannot be resolved by the signatories hereto, the signatories agree to schedule a series of no less than two meetings of senior personnel of Client and Engineer in which the disagreement or conflict will be discussed. The first of such meetings will be scheduled as soon as possible following identification of such disagreement or conflict and the second meeting must occur within thirty (30) days fol lowing the initial meeting. Subsequent meetings, if any may be scheduled upon mutual agreement of the parties. The parties agree that these two meetings are conditions precedent to the institution of legal proceedings unless such meetings will adversely affect the rights of one or more of the parties as such rights relate to statutes of limitation or repose. XVIII. PROJECT ENHANCEMENT/BETTERMENT. IF A COMPONENT OF THE CLIENT’S PROJECT I S OMITTED FROM THE ENGINEER’S CONTRACT DOCUMENTS DUE TO THE BREACH OF CONTRACT OR NEGLIGENCE OF THE ENGINEER, THE ENGINEER WILL NOT BE LIABLE TO THE CLIENT TO THE EXTENT OF ANY BETTERMENT OR ADDED VALUE TO THE PROJECT. SPECIFICALLY, THE CLIENT WILL BE RESPONSIBLE FOR THE AMOUNT IT WOULD HAVE PAID TO THE CONSTRUCTION CONTRACTOR (OR SUPPLIER OR SUBCONTRACTOR OR OTHER) FOR THE COMPONENT AS IF SUCH HAD BEEN IN CLUDED IN THE ENGINE ER’S CONTRACT DOCUMENTS. NOTWITHSTANDING THE FOREGOING, THE ENGIN EER WILL BE RESPONSIBLE, IF AT ALL, TO THE EXTENT REASONABLE AND NECES SARY TO PLACE CLIENT IN THE SAME POSITION IT WOULD HA VE BEEN BUT FOR SUCH BREACH OR NEGLI GENCE, FOR THE REASO NABLE (I) RETROFIT E XPENSE, (II) WASTE, OR (III) INTERVENING INCREASE IN THE COST OF THE COMPONENT FURNISHED THROUGH A CHANGE ORDER FROM THE CONTRACTOR. TO THE EXTENT THAT CONTRA CTOR PROVIDED UNIT PRICING THE CLIENT UNDERSTANDS AND AGREES THAT THE ISSUE OF INTERVENING UNIT COST INCREASES WOULD ONLY BE APPLICABLE TO NEWLY IDENTIFIED ITEMS, NOT INCREASES IN QUANTITY OF EXISTING ITEMS. IF IT IS NECESSARY TO REPLACE A COMPONENT OF THE PROJECT DUE TO THE BREACH OF CONTRACT OR NEGLIGENCE OF THE EN GINEER, THE ENGINEER WILL NOT BE LIABLE TO THE CLIENT FOR THE ENHANCEMENT OR UPGRADE OF THE COMPONENT BEYOND THAT ORIGINALLY INCLUDED IN THE CONTRACT DOCUMENTS. IN ADDITION, IF THE COMPONENT HAS AN IDENTIFIABLE USEFUL LIFE THAT IS LES S THAN THE SYSTEM/STRUCTURE/IMPROVEMENT ITSELF, THE DAMAGES OF THE OWNER SHALL BE REDUCED TO THE EXTENT THAT THE USEFUL LIFE OF THE COMPONENT WILL BE EXTENDED BY THE REPLACEMENT THEREOF. SHOULD AN ALLEGATION OF ERROR, NEGLIGENCE, BREACH OR OTHER DEFICIENCY IN THE SERVICES OF (DESIGN PROFESSIONAL) OR ANY OF ITS CONS ULTANTS, AND SHOULD SUCH ALLEGATION RELA TE TO A CONDITION, COMPONENT, OR ITEM, IN THE SERVICES OR THE PROJECT THAT IS ALLEGED OR OTHERWISE CLAIMED TO BE INACCU RATE OR OMITTED FROM THE DESIGN PROFESSI ONAL’S DRAWINGS, INS TRUMENTS OR OTHER DOCUMENTS PREPARED UNDER THIS A GREEMENT, IT IS UNDE RSTOOD AND AGREED BY ALL PARTIES THAT (DESIGN PROFESSIONAL) AND I TS CONSULTANT’S LIAB ILITY, IF ANY, SHALL EXCLUSE ANY AND ALL DAMAGES, COS TS, OR EXPENSES THAT CREATE OR RESULT IN ADDED VALUE, UPGRADE, BETTERMENT OR ENANCE MENT OF THE PROJECT AS SUCH RELATE TO THE INACCURATE OR OMITTED CONDITION, COMPONENT, OR ITEM AS ORIGINALLY DESIGNED. Agreement For Professional Services (Public Client-Scope of Services) - Page 4 of 5 _____________/________________ Revised 10 January 2022 Client Initial / Date XIX. AGREED REMEDIES A. IT IS THE INTENT OF THE PARTIES TO THIS AGREEMENT THAT ENGIN EER'S SERVICES UNDER THIS AGREEMENT SHALL NOT SUBJECT ENGINEER'S I NDIVIDUAL EMPLOYEES, OFFICERS OR DIRECTORS TO ANY PERSONAL LEGAL EXPOSURE FOR CLAIMS AND R ISKS ASSOCIATED WITH THE SERVICES PERFORMED OR PERFORMABLE UNDER THIS AGREEMENT. B. IN RECOGNITION OF THE RELATIVE RISKS AND BENEFITS OF THE PROJECT TO BOTH THE CLIENT AND THE ENGINEER AND ACKNOWLEDGING THAT THE ALLOCATION OF RISKS AND LIMITATIONS OF R EMEDIES ARE BUSINESS UNDERSTANDINGS BETWEEN THE PARTIES AND THESE RI SKS AND REMEDIES SHALL APPLY TO ALL POSSIBLE LEGA L THEORIES OF RECOVE RY. CLIENT FURTHER A GREES, TO THE FULLES T EXTENT PERMITTED BY LAW, AN D NOTWITHSTANDING ANY OTHER PROVISIONS OF THIS AGREEMENT OR ANY REFERENCE TO I NSURANCE OR THE EXISTENCE OF APPLICABLE INSURANCE COVERAGE, THAT THE TOTAL LIABILITY, IN THE AGGREGATE, OF THE ENGI NEER AND ENGINEER'S OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND SUBCONSU LTANTS TO THE CLIENT OR TO ANYONE CLAIMING BY, THROUGH OR UN DER THE CLIENT, FOR ANY AND ALL CLAIMS, LOSSES, COSTS OR DAMAGES WHATSOEVER ARISING OUT OF, RESULTING FROM, OR IN ANY WAY RELATED TO, THE SERVICES UNDER THIS AGREEMENT FROM ANY CAUSE OR CAUSES OF THE ENGINEER OR THE ENGINEER'S OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND SUBCONSULTANTS, SHALL NOT EXCEED THE ENGINEER'S FEE RECEIVED FOR THE SERVICES PERFORMED, ADJUSTED DOWNWARD TO ACCOUNT FOR SUBCONSULTANT/SUBCONTRACTOR FEES INCURRED AND REIMBURSEABLE EXPENSES UNDER THIS AGREEMENT OR $50,000, WHICHEVER IS LOWER. INCREASED LIMITS MAY BE NEGOTIATED FOR ADDITIONAL FEE. C. NOTWITHSTANDING ANY OTHER PROVISION OF THE AGREEMENT, ENGINEER SHALL HAVE NO LIABILITY TO THE CLI ENT FOR CONTINGENT, CONSEQUENTIAL OR OTHER INDIRECT DAMAGES INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, REVENUE OR PROFIT; OPERATING COSTS AND FACILITY DOWNTIME; OR OTHER SIMILAR BUSINESS INTE RRUPTION LOSSES, HOWEVER, THE SAME MAY B E CAUSED. D. CLIENT MAY NOT ASSERT ANY CLAIM AGAINST ENGINEER AFTER THE SHORTER OF (1) 3 YEARS FROM SUBSTANTIAL COMPLETION OF SERVICES GIVING RISE TO THE CLAIM, OR (2) THE STA TUTE OF LIMITATION PROVIDED BY LAW. E. IT IS UNDERSTOOD AND AGREED BY BOTH PARTIES TO THIS AGREEMENT THAT THE FIRST TEN DOLLARS ($10.00) OF REMUNERATION PAID TO ENGINEER UNDER THIS AGREEMENT SHALL BE IN CONSIDERATION FOR INDEMNITY/INDEMNIFICATION PROVIDED FOR IN THIS AGREEMENT. XX. WAIVER. Any failure by Engineer to require strict compliance with any provision of this Agreement shall not be construed as a waiver of such provision, and Engineer ma y subsequently require strict compliance at any time, notwithstanding any prior failure to do so. XXI. Signatories. The Client and Engineer mutually warrant and represent that the representation of each who is executing this Agreement on behalf of the Cli ent or Engineer, respectively, has full authority to execute this Agreement and bind the entity so represented. [SIGNATURE PAGE TO FOLLOW] Agreement For Professional Services (Public Client-Scope of Services) - Page 5 of 5 _____________/________________ Revised 10 January 2022 Client Initial / Date IN WITNESS WHEREOF, the parties, having read and understood this Agreement, have executed such in duplicate copies, each of which shall have full dignity and force as an original, on the _____ day of _______________________, 20___. HALFF ASSOCIATES, INC. CLIENT: CITY OF COPPELL, Texas By: ______________________________ By: _______________________________ Signature Signature ______________________________ ________________________________ Kirk M. Wilson Mike Land ______________________________ ________________________________ Team Leader, Dir of LA, FTW City Manager ______________________________ ________________________________ Date Date Master City of Coppell, Texas 255 E. Parkway Boulevard Coppell, Texas 75019-9478 File Number: 2022-6138 File ID: Type: Status: 2022-6138 Agenda Item Agenda Ready 1Version: Reference: In Control: Finance 02/14/2022File Created: Final Action: Annual Comprehensive Financial Report FY21File Name: Title: Consider approval of the Annual Comprehensive Financial Report (ACFR) for the fiscal year ending September 30, 2021. Notes: Sponsors: Enactment Date: Memo.pdf, 2021 ACFR.pdfAttachments: Enactment Number: Hearing Date: Contact: Effective Date: Drafter: Related Files: History of Legislative File Action: Result: Return Date: Due Date: Sent To: Date: Acting Body: Ver- sion: Text of Legislative File 2022-6138 Title Consider approval of the Annual Comprehensive Financial Report (ACFR) for the fiscal year ending September 30, 2021. Summary Fiscal Impact: Staff Recommendation: Approval recommended. Strategic Pillar Icon: Sustainable Government Page 1City of Coppell, Texas Printed on 2/24/2022 1 MEMORANDUM To: Mayor and City Council From: Kim Tiehen, Director of Finance Date: February 22, 2022 Reference: Consider approval of the Annual Comprehensive Financial Report (ACFR) for the fiscal year ending September 30, 2021 2040: Sustainable City Government Introduction: As required by Section 7.13 of the City of Coppell Home Rule Charter, an independent audit must be made of all accounts of the City by a Certified Public Accountant. Analysis: John DeBurro, Partner, with the audit firm of Weaver, will present the results of the financial audit. Legal Review: Agenda item was reviewed by legal as part of the agenda packet. Fiscal Impact: There is no direct fiscal impact from this agenda item. Recommendation: The Finance Department recommends acceptance of the ACFR for the fiscal year ending September 30, 2021. CITY OF COPPELL, TEXAS  ANNUAL COMPREHENSIVE FINANCIAL REPORT  FOR FISCAL YEAR ENDED SEPTEMBER 30, 2021  Prepared by the  CITY OF COPPELL FINANCE DEPARTMENT  Kim Tiehen, Director of Finance  Brian Beck, Staff Accountant Yue Jiang, Staff Accountant   Mary Huning, Chief Accountant Vanessa Tarver, Controller  Susan Ratton, Finance Project Manager Jenny Wang, Accountant  CITY OF COPPELL, TEXAS  ANNUAL COMPREHENSIVE FINANCIAL REPORT  FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021  TABLE OF CONTENTS  INTRODUCTORY SECTION  Transmittal Letter  ....................................................................................................................................................................... 1 ‐ 6  Certificate of Achievement for Excellence in Financial Reporting  ................................................................................................... 7  Principal Officers  .............................................................................................................................................................................. 8  City‐wide Organizational Chart  ........................................................................................................................................................ 9  FINANCIAL SECTION  Independent Auditors’ Report       Independent Auditor’s Report .............................................................................................................................................. 11‐13  Management’s Discussion and Analysis (unaudited)       Management’s Discussion and Analysis .............................................................................................................................. 15 ‐ 28  Basic Financial Statements       Government‐Wide Financial Statements             Statement of Net Position  .................................................................................................................................................... 29             Statement of Activities ................................................................................................................................................... 30 ‐ 31       Fund Financial Statements            Governmental Fund Financial Statements                Balance Sheet  .................................................................................................................................................................... 32                Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ....................................... 33                Statement of Revenues, Expenditures, and Changes in Fund Balances  ............................................................................ 34                Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances     of Governmental Funds to the Statement of Activities ................................................................................................. 35              Budget and Actual Comparison Statements                 Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – General Fund.................................................................................................................................................... 36                 Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – ARPA Fund ....................................................................................................................................................... 37                 Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Infrastructure Maintenance Special Revenue Fund…………………………………………………………………………….………  38                            Proprietary Fund Financial Statements                 Statement of Net Position  ................................................................................................................................................ 39                 Statement of Revenues, Expenses, and Changes in Net Position ...................................................................................... 40                 Statement of Cash Flows ................................................................................................................................................... 41              Fiduciary Fund Financial Statements                 Statement of Fiduciary Net Position .................................................................................................................................. 42                 Statement of Changes in Fiduciary Net Position ............................................................................................................... 43       Notes to Financial Statements ........................................................................................................................................... 45 ‐ 82  Required Supplemental Information (unaudited)      Texas Municipal Retirement System Schedule of Changes in Net Pension Liability and Related Ratios  ............................. 84 ‐ 85      Texas Municipal Retirement System Schedule of Pension Contributions  ........................................................................... 86 ‐ 87      City of Coppell Retiree Health Care Plan Schedule of Changes in Net OPEB Liability and Related Ratios  .................................. 88        Supplemental Death Benefits Fund Schedule of Changes in Total OPEB Liability and Related Ratios ........................................ 89      Texas Municipal Retirement System Schedule of OPEB Contributions ....................................................................................... 90  Combining and Individual Fund Financial Statements and Schedules       Nonmajor Governmental Funds           Combining Balance Sheet  ............................................................................................................................................... 94 ‐ 97           Combining Statement of Revenues, Expenditures, and Changes in Fund Balance ........................................................ 98 ‐ 101           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Donations Special Revenue Fund ................................................................................................................... 102           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Parks Special Revenue Fund ........................................................................................................................... 103             Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and      Actual – Police Special Revenue Fund .......................................................................................................................... 104           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and      Actual – Child Safety Special Revenue Fund ................................................................................................................ 105           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Crime Prevention Special Revenue Fund ....................................................................................................... 106           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Municipal Court Special Revenue Fund ......................................................................................................... 107           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Red Light Enforcement Special Revenue Fund ............................................................................................... 108           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Juvenile Case Manager Special Revenue Fund ............................................................................................... 109           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Recreation Development Corporation #2 Special Revenue Fund .................................................................. 110           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Court Technology Special Revenue Fund ....................................................................................................... 111           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Tree Preservation Special Revenue Fund ....................................................................................................... 112           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Judicial Efficiency Special Revenue Fund ....................................................................................................... 113           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Coppell Economic Development Foundation Special Revenue Fund ............................................................. 114           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Drainage Utility District Special Revenue Fund .............................................................................................. 115           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Rolling Oaks Cemetery Special Revenue Fund ............................................................................................... 116           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Cemetery Pre‐need Special Revenue Fund .................................................................................................... 117           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Hotel Occupancy Tax Special Revenue Fund .................................................................................................. 118           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Coppell Arts Center Special Revenue Fund .................................................................................................... 119           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Recreation Development Corporation Debt Service Fund ............................................................................. 120           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and     Actual – Perpetual Care‐Rolling Oaks Cemetery Permanent Fund .............................................................................. 121  General Obligation Debt Service Fund           Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual .................................................. 124  Internal Service Funds           Combining Statement of Net Position .................................................................................................................................. 126           Combining Statement of Revenues, Expenses, and Changes in Net Position ....................................................................... 127           Combining Statement of Cash Flows .................................................................................................................................... 128  STATISTICAL SECTION  (Unaudited)  Financial Trends       Table   1     Net Position by Component ............................................................................................................................ 130‐131       Table   2     Changes in Net Position ................................................................................................................................... 132‐133       Table   3     Fund Balance, Governmental Funds ................................................................................................................ 134‐137       Table   4     Changes in Fund Balances, Governmental Funds ............................................................................................ 138‐139  Revenue Capacity       Table   5     Assessed Value and Estimated Actual Value of Taxable Property .......................................................................... 141       Table   6     Direct and Overlapping Property Tax Rates .................................................................................................... 142‐143       Table   7     Principal Property Tax Payers ................................................................................................................................. 144       Table   8     Property Tax Levies and Collections ....................................................................................................................... 145  Debt Capacity       Table   9     Ratio of Outstanding Debt by Type ................................................................................................................. 146‐147       Table 10     Ratio of General Bonded Debt Outstanding ........................................................................................................... 148       Table 11     Direct and Overlapping Governmental Activities Debt .......................................................................................... 149       Table 12     Computation of Legal Debt Margin ........................................................................................................................ 150  Demographic and Economic Information       Table 13     Demographic and Economic Statistics ................................................................................................................... 151       Table 14     Principal Employers ................................................................................................................................................ 152  Operating Information        Table 15    Full‐time Equivalent City Government Employees by Function/Program .............................................................. 153        Table 16    Operating Indicators by Function/Program..................................................................................................... 154‐155        Table 17    Capital Asset Statistics by Function/Program ......................................................................................................... 157  Other Information        Table 18    Active and Retiree Health Insurance Costs ..................................................................................................... 158‐159  CITY OF COPPELL, TEXAS February 16, 2022  Honorable Mayor and City Council  City of Coppell, Texas  Dear Mayor and Council:  The Annual Comprehensive Financial Report of the City of Coppell, Texas (the “City”), for the year ended  September 30, 2021, is hereby submitted as mandated by both local ordinances and state statutes.  These  ordinances and statutes require that the City issue an annual report on its financial position and activity,  and that an independent firm of certified public accountants audit this report.   Responsibility for both the accuracy of the data, and the completeness and fairness of the presentation,  including all disclosures, rests with management. Management of the City is responsible for establishing  and maintaining an internal control structure designed to ensure that the assets of the City are protected  from  loss,  theft,  or  misuse,  and  to  ensure  that  adequate  accounting  data  is  compiled  to  allow  for  the  preparation  of  financial  statements  in  conformity  with  accounting  principles  generally  accepted  in  the  United  States  of  America.  The  internal  control  structure  is  designed  to  provide  reasonable,  but  not  absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that:  (1)the cost of a control should not exceed the benefits likely to be derived; and (2) the valuation of costs and benefits requires estimates and judgments by management. All disclosures necessary to enable the reader to gain an understanding of the City’s financial activities have been included. The City Council selected the firm of Weaver and Tidwell, L.L.P. to audit these financial statements. The  independent auditor has issued an unmodified (“clean”) opinion on the City’s financial statements for the  year ended September 30, 2021, and the auditor’s report is located at the front of the financial section of  the Annual Comprehensive  Financial Report.    Management provides a narrative introduction, overview, and analysis to accompany the basic financial  statements  in  the  form  of  Management’s  Discussion  and  Analysis  (MD&A).   This  letter  of  transmittal  is  designed to complement the MD&A and should be read in conjunction with it.  The City’s MD&A can be  found immediately following the independent auditor’s report.  Profile of the Government    Location and Population:    The City of Coppell is located in the northwest portion of Dallas County with a small area of the City  extending into Denton County.  The City is bound by the cities of Lewisville on the north, Grapevine on the  west, Carrollton on the east, Irving on the south, Dallas on the southeast, and the Dallas‐Fort Worth  International Airport on the southwest.  Interstate Highway 635 is a direct route between the City and City  of Dallas.  The City of Fort Worth is approximately 20 miles to the southwest via Highway 121.  Coppell’s  land area is 14.71 square miles and has an estimated population of 42,983.    Governing Body:    The City of Coppell was originally incorporated December 17, 1955.  The current Charter was adopted  January 18, 1986, and amended August 28, 2001. The City is a home rule city and operates under the  Council‐Manager form of government.  The legislative and governing body of the City consists of a Mayor  and seven (7) Council members and is known as the "City Council of the City of Coppell, Texas."  The  Council members are elected by place at large under the general provisions provided by Article III of the  Charter for three (3) year terms.  The three (3) year terms are staggered.  Commencing with the regular  municipal election of 2002, council members for Places 1, 3, 5, and 7 shall be elected for a term of three (3)  years.  Commencing with the regular municipal election of 2003, council members for Places 2, 4, 6, and  the mayor shall be elected for a term of three (3) years. The Mayor and each Councilmember, unless  sooner removed under the provisions of the City Charter, hold office until a successor is elected and  qualified.  Regular terms of office commence at the beginning of the first regular meeting of the Council in  May or following the final election as provided in section 3.01 of the City Charter.    The Charter requires that the Council appoint a City Manager to act as the chief administrative and  executive officer of the City.  The City Manager is not appointed for a definite fixed time and may be  removed at the will and pleasure of the majority of the Council.  It is the responsibility of the City Manager  to appoint and remove department heads and conduct the general affairs of the City in accordance with  the policies of Council.    Services Provided by the City:    The City provides to its citizens those services which have proven to be necessary and meaningful and can  be provided by the City at the least cost. Major services provided are police and fire protection, emergency  ambulance service, water and sewer service, park and recreational facilities and a library with 82,455  physical volumes and 9,437 digital volumes.  Other services include planning future land use, traffic  control, building inspection, and environmental control.    Electrical, gas, telephone and cable television services are provided by privately‐owned utility companies.   These companies are Oncor, Texas‐New Mexico Power, Atmos, Frontier, AT&T, and Spectrum,  respectively.    Budgeting:    The City Charter establishes the fiscal year as the twelve‐month period beginning October 1. The  departments submit to the City Manager a budget of estimated expenditures for the ensuing fiscal year no  CITY OF COPPELL, TEXAS 2 later than the first of July. The City Manager subsequently submits a budget of estimated expenditures and  revenues, by August 5, to the City Council.    Upon receipt of the budget estimates, the Council holds a public hearing on the budget ordinance and tax  rate ordinance.  Information about the budget ordinance is then published in the official newspaper of the  City. The Council is precluded from passing the budget ordinance until fourteen days have passed after the  ordinance publication.    During the fiscal year, budgetary control is maintained by comparison of departmental appropriation  balances with purchase orders prior to their release to vendors.  Purchase orders which exceed  appropriated balances are not released until they have been further reviewed and approved by the City  Manager or his designee.    Departmental appropriations, that have not been expended or encumbered by the departments at the  end of the fiscal year, lapse. Therefore, funds that were budgeted and not used by the departments during  the fiscal year are not available for their use unless appropriated in the ensuing fiscal year's budget.      The City Council approves annual appropriations for operations and interfund transfers for all operating  and debt service funds. The City Manager has the authority to transfer unexpended balances between  departmental budgets within appropriated funds. The City Council, however, must approve any increase  in fund appropriations. The legal level of budgetary control is the fund level. For additional information  about the budget process, see Note 2 of the Notes to Financial Statements.    Reporting Entity:    This report includes all funds of the City of Coppell and its component units. A component unit is a legally  separate entity for which the city is financially accountable. A "blended component unit", although a  legally separate entity is, in substance, part of the City's operations. Accordingly, the Coppell Recreation  Development Corporation #2 is reported in a special revenue fund, a capital project fund, and a debt  service fund, and The Coppell Economic Development Foundation is recorded as a special revenue fund.     Local Economy    Coppell has a large industrial area within the City with rail service and adequate water storage to meet fire  protection and other demands. The City is not financially dependent upon any one industry or type of  industry.  The City recognizes the value of industry to its economic base and continues to seek industry  which will be beneficial to the community.    The City has direct access to Interstate Highway 635 and easy access to Interstate Highway 35.  Railroad  freight service is provided by the Dallas, Garland, and Northeastern Railroad which operates along the  Cotton Belt Rail Corridor.  The City is located only four miles northeast of the Dallas‐Fort Worth  International Airport.    The City is served by the Coppell Independent School District (CISD), one of the highest rated school  districts in the Dallas‐Fort Worth metropolitan area. The City has two high schools, three middle schools,  and ten elementary schools. Enrollment for 2020/21 school year was 13,218 with a pupil‐teacher ratio of  one teacher to 17 students. The school administration and citizenry have taken an aggressive approach in  the support and financing of an outstanding school system and excellent facilities.    CITY OF COPPELL, TEXAS 3 Colleges within close proximity to the City are Northlake College, Tarrant County College, Southern  Methodist University, University of Dallas, University of North Texas, Texas Woman's University, University  of Texas at Dallas, University of Texas at Arlington, and Texas Christian University, all of which are well‐ known for their educational standards.    Medical services are provided by the Coppell Family Physicians.  Full‐service hospitals in the immediate  area include Trinity Medical Center, Las Colinas Medical Center, Medical Center Lewisville, and Baylor‐ Grapevine Hospital.  An advanced life support program is provided by paramedic employees of the City's  fire department.    Coppell, located in the Dallas‐Fort Worth Metroplex, and included as one of the thirteen cities which  comprise the Mid‐Cities, continues to grow and develop.  This growth and development should continue in  subsequent years as Coppell has close proximity to the Dallas‐Fort Worth metropolitan area and the  Dallas‐Fort Worth International Airport.    The City has recognized the need for planning of its systems for handling growth as well as land‐use  planning and development.  Many hours continue to be spent by a highly competent and professional staff  to ensure positive benefits from development.    Long‐term Financial Planning    Unassigned Fund Balance:    The $88,771,762 unassigned fund balance in the General Fund is the equivalent of 157.5 percent of  general fund expenditures. The financial policy guidelines set by the Fund Balance Policy approved by the  governing body states that the unassigned classification includes all amounts not contained in other  classifications and that the unassigned fund balance for the general fund will be maintained at a level  sufficient to provide the required resources to meet operating costs needs, to allow for unforeseen needs  of an emergency nature, and to permit orderly adjustments to changes resulting from fluctuation of  revenue sources. On an annual basis, the City studies a five‐year plan for evaluating tax rates and utility  rates as they relate to debt financing for capital needs and the operating costs of providing services to  citizens.      Authority to Issue Debt:    The City Charter states, "the City shall have the power to borrow money on the credit of the City and to  issue general obligation bonds for permanent public improvements or for any other public purpose not  prohibited by law and this charter and to issue refunding bonds to refund outstanding bonds previously  issued."  The Charter precludes the use of bond proceeds for any purpose other than that for which the  bonds were sold.    Bond Rating    The City's bond ratings are as follows:     General Obligation      Sales Tax  Standard & Poor’s AAA AA  Moody's Investor Services Aaa Aa2  CITY OF COPPELL, TEXAS 4 Major Initiatives      The City of Coppell, like many municipalities in the State of Texas, faced numerous challenges in 2021.   While still dealing with the uncertainties created by the global pandemic, the City was hit hard by the  winter storm that blew through Texas in February.  Businesses, residents, and City facilities all dealt with  lost power and water line breaks.   Through it all, the City pulled together to provide exceptional service  to the residents and businesses during their time of need.  Staff manned an Emergency Operations  Center, shut off water to homes and businesses, created a warming shelter, operated a 24‐hour call  center, passed out water and worked night and day to ensure residents were safe during this difficult  time.    Even during this unprecedented storm and the recovery efforts that followed, the City never lost  focus on helping residents and businesses recover from COVID. With the extension of the CARES Act  funding, the City was able to continue providing grants to businesses and Metrocrest Services.  In the  fiscal year, the City issued $46,144 to local businesses for COVID‐19 retrofit, $97,344 to Metrocrest to  assist residents, $874,000 in business rent assistance, $21,500 to Children’s Advocacy Center and  $68,864 to Coppell ISD distance learning.  The City also received the first tranche of American Rescue  Plan Act Coronavirus State and Local Fiscal Recovery Funding this year ($5,131,771).  The City is  researching how to best spend those funds to provide the greatest impact to the community.  Through  the changing circumstances and challenges of these events, city staff grew stronger as they learned to  become more agile and flexible in how to provide the same great services the community has come to  expect when the residents and businesses needed them the most, even in the unprecedented events.     Development activity and business activity continued strong in Coppell during the pandemic.  The City  experienced minimal loss in the retail, restaurant, and service‐oriented business categories, and many of  the office and industrial tenants in the City saw growth in business during 2021.  Coppell has over 28  million square feet of commercial space in the City, and vacancy rates continued to remain low in all  commercial categories.  The City welcomed over 40 new businesses in 2021, including office, light  industrial, retail, restaurant, and hotel tenants.  Vari started construction of their new world  headquarters in Coppell in 2021, which will also add available lease space for new tenants in their  newest world‐class VariSpace facility.   The total number of businesses in Coppell remains over 1,500,  and those businesses employ approximately 27,000 individuals.      While new development and business attraction will always remain a critical focus, creating new  investment through business retention and redevelopment has become more important as the City  nears build‐out.  As part of business retention efforts, the City started a Workforce Transit program in  partnership with Lyft and Denton County Transportation Association for Coppell employers in October  2019.  This test program is free of charge for employers and provides rides at a minimal cost for riders.   The program was originally planned to run from October 1, 2019 through September 30, 2020.  That  time would be used to gather data to determine if a long‐term solution for Workforce Transit is needed.   Unfortunately, the program was interrupted by COVID‐19, which the City felt did not provide a true  representation of ridership numbers for the year.  Therefore, City Council has approved the test  program to run through September 30, 2022.   The City will reevaluate the program as we near the end  of the fiscal year to see if enough time was allowed to gather true ridership data.   The City hosted the  second annual virtual job fair for Coppell businesses in 2021.  The event was a great success with over  13 businesses participating and over 170 job seekers attending.  This event will now be held twice a year  going forward. Both of these initiatives are designed to help businesses attract and retain employees.      CITY OF COPPELL, TEXAS 5 Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting Presented to City of Coppell Texas For its Annual Comprehensive Financial Report For the Fiscal Year Ended September 30, 2020 Executive Director/CEO CITY OF COPPELL, TEXAS 7   City of Coppell, Texas    Principal Officers    Fiscal Year 2020‐2021      MAYOR    Wes Mays      MAYOR PRO TEM    Brianna Hinojosa‐Smith      CITY COUNCIL    Cliff Long  Don Carroll  Kevin Nevels  John Jun   Biju Mathew  Mark Hill       CITY MANAGER    Mike Land      DEPUTY CITY MANAGERS    Traci Leach  Vicki Chiavetta      DIRECTOR OF FINANCE    Jennifer Miller      ASSISTANT DIRECTOR OF FINANCE    Kim Tiehen    CITY OF COPPELL, TEXAS 8 City‐wide Organizational Chart  Legal Community Information Fleet Services Facilities Management Streets Traffic Control Utility Operations Public Works Procurement Combined Services Utility Billing Finance Emergency Management Life Safety Park Fire and Life Services Animal Services Crime Prevention Police Municipal Court Human Resources Library Services Enterprise Solutions Parks The CORE Camps & Athletics Community Programs Senior Adult Services Tennis Center Biodiversity Education Center Rolling Oaks Cemetery Coppell Arts Center Parks & Recreation Building Inspections Environmental Health Planning Development Services Community Development Deputy City Managers City Secretary City Manager Mayor 7 City Council Places CITIZENS OF COPPELL, TEXAS CITY OF COPPELL, TEXAS 9 CITY OF COPPELL, TEXAS 10 Weaver and Tidwell, L.L.P. 2300 North Field Street, Suite 1000 | Dallas, Texas 75201 Main: 972.490.1970 CPAs AND ADVISORS | WEAVER.COM Independent Auditor’s Report To the Honorable Mayor, City Council, and City Manager City of Coppell, Texas Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Coppell (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 as listed in the table of contents. Management’s Responsibility for the Financial Statements The City’s 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. The Honorable Mayor, City Council, and City Manager City of Coppell, Texas 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, each major fund, and the aggregate remaining fund information of the City, as of September 30, 2021, and the respective changes in financial position and, where applicable, cash flows thereof and the respective budgetary comparisons for the general fund, the ARPA fund, and the infrastructure maintenance special revenue fund for the year then ended in accordance with accounting principles generally accepted in the United States of America. Emphasis of Matter As discussed in Note 15 to the basic financial statements, during the year ended September 30, 2021, the City implemented Government Accounting Standards Board (GASB) Statement No. 84, Fiduciary Activities. Beginning net position in the fiduciary funds has been restated as a result of the implementation of this statement. Our opinions are not modified with respect to this matter. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis (pages 15-28), pension schedules and other post- employment benefits (OPEB) schedules (pages 84-90) 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 introductory section, combining and individual fund financial statements and schedules, and statistical section are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining and individual fund financial statements and schedules 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 combining and individual fund financial statements and schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole. CITY OF COPPELL, TEXAS 12 The Honorable Mayor, City Council, and City Manager City of Coppell, Texas The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on them. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated February 16, 2022 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 solely 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 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. WEAVER AND TIDWELL, L.L.P. Dallas, Texas February 16, 2022 CITY OF COPPELL, TEXAS 13 CITY OF COPPELL, TEXAS 14 CITY OF COPPELL, TEXAS    MANAGEMENT’S DISCUSSION AND ANALYSIS    SEPTEMBER 30, 2021    Our discussion and analysis of the City of Coppell’s (the City) financial performance provides an  overview and analysis of the City’s financial activities for the fiscal year ended September 30,  2021.  Please read it in conjunction with the accompanying transmittal letter and the  accompanying basic financial statements.     FINANCIAL HIGHLIGHTS     The City’s net position at the close of the fiscal year ended September 30, 2021 was $461.2  million.  Of this amount, $152.8 million (unrestricted component of net position) may be used  to meet the City’s ongoing obligations to citizens and creditors.     The City’s net position of governmental activities increased by $40.6 million or 11.4 percent.  Multiple factors contributed to this increase.  The largest dollar increase in revenues was sales  tax revenue, which increased $8.2 million, an 18.3 percent increase from prior year.  The  largest percentage increase in revenues was miscellaneous income, which increased $0.6  million, a 100 percent increase.     Net position of the City’s business type activities increased by $0.3 million primarily because  bonds were issued for $6.6 million for water line replacement, water tower maintenance, and  for redundancy.  There was a $0.1 million decrease due to balance adjustment for citizens  after the weather event in January 2021.  Capital assets decreased by $3.5 million because of  current year depreciation.      Current and other assets of the governmental activities increased by $44.5 million or 22.6  percent in comparison with the prior fiscal year.  The primary reason for the increase is  because the City issued $16.1 million in bonds for the Beltline Road project.  Sales tax and  property taxes combined increased $8.5 million.  Both the bond proceeds and increased tax  revenues were invested.        Total expenses of all the City’s programs increased during the current fiscal year by $3.1  million or 3.1 percent.  The $3.1 million increase is attributable to the $1.0 million spent on  special projects due to the coronavirus such as the Coppell Cares business support program.   The increase of $0.5 million in interest expense occurred from interest accrual on new debt  and interest losses on investments.     As of September 30, 2021, the City’s governmental funds reported combined ending fund  balances of $198.1 million, an increase of $38.0 million in comparison with the prior fiscal  year. Approximately $88.8 million, or approximately 157.6 percent of total General Fund  expenditures is available for spending at the City’s discretion (unassigned fund balance).      CITY OF COPPELL, TEXAS 15 OVERVIEW OF THE FINANCIAL STATEMENTS    Management’s discussion and analysis is intended to serve as an introduction to the City’s basic  financial statements. The City’s basic financial statements are comprised of three components: 1)  government‐wide financial statements, 2) fund financial statements, and 3) notes to the financial  statements. This report also contains other supplementary information in addition to the basic  financial statements.    Government‐wide financial statements. The government‐wide financial statements are designed  to provide readers with a broad overview of the City’s finances in a manner similar to private‐ sector business.      The statement of net position presents information on all the City’s assets and deferred outflows,  as well as liabilities and deferred inflows, with the difference between these reported as net  position. Over time, the increases or decreases in net position may serve as a useful indicator of  whether the financial position of the City is improving or deteriorating.  The statement of net  position combines and consolidates governmental funds’ current financial resources (short‐term  spendable resources) with capital assets and long‐term obligations. Other non‐financial factors  should also be taken into consideration, such as changes in the City’s property tax base and the  condition of the City’s infrastructure (i.e., roads, drainage improvements, storm and sewer lines,  etc.) to assess the overall health or financial condition of the City.    The statement of activities presents information showing how the City’s net position changed  during the most recent fiscal year. All 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 periods (such as  uncollected taxes and earned but unused vacation leave.)  Both the statement of net position and  the statement of activities are prepared utilizing the accrual basis of accounting.    Both of the government‐wide financial statements distinguish functions of the City that are  principally supported by taxes and intergovernmental revenues (governmental activities) from  other functions that are intended to recover all or a significant portion of their costs through user  fees and charges (business‐type activities). The governmental activities of the City include general  government, public safety, public works, and culture and recreation.  The business‐type activities  of the City include the water and sewer system.    The government‐wide financial statements can be found in the basic financial statements section  of this report.    Reporting the City’s Most Significant Funds    Fund financial statements. A fund is a grouping of related accounts that is used to maintain  control over resources that have been segregated for specific activities or objectives. The City, like  other state and local governments, uses fund accounting to ensure and demonstrate compliance  with finance‐related legal requirements. All the funds of the City can be divided into three  categories:  governmental funds, proprietary funds, and fiduciary funds.    CITY OF COPPELL, TEXAS 16 Governmental funds.  Governmental funds are used to account for essentially the same functions  reported as governmental activities in the government‐wide financial statements.  However,  unlike the government‐wide financial statements, governmental fund financial statements are  reported using an accounting method called modified accrual 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. The governmental funds’ focus on near‐term inflows and outflows  of spendable resources helps users of the financial statements to determine whether there are  more or fewer financial resources that can be spent in the near future to finance the City’s  programs.     Because the focus of governmental funds is narrower than that of the government‐wide financial  statements, it is useful to compare the information presented for governmental funds with similar  information presented for governmental activities in the government‐wide financial statements.  By doing so, readers may better understand the long‐term impact of the government’s near‐term  financing decisions. Both the governmental fund balance sheet and the governmental fund  statement of revenues, expenditures, and changes in fund balances provide a reconciliation to  facilitate this comparison between governmental funds and governmental activities.    The City maintains thirty‐one individual governmental funds. Information is presented separately  in the governmental fund balance sheet and in the governmental fund statement of revenues,  expenditures, and changes in fund balances for the general fund, the general obligation debt  service fund, the streets capital project fund, the ARPA fund, and the infrastructure maintenance  special revenue fund, all of which are considered to be major funds. Data from the other twenty‐ four governmental funds are combined into a single, aggregated presentation.  Individual fund  data for each of these non‐major governmental funds is provided in the form of combining  statements elsewhere in this report.    Proprietary funds.  The City maintains two different types of proprietary funds.  Enterprise funds  are used to report the same functions presented as business‐type activities in the government‐ wide financial statements. The City uses an enterprise fund to account for its water and sewer  operations. The Internal Service fund is an accounting device used to accumulate and allocate  costs internally among the City’s various functions. The City uses internal service funds to account  for its self‐funded health program and capital replacement program. Because these services  predominantly benefit governmental rather than business‐type functions, they have been  included within governmental activities in the government‐wide financial statements.    Proprietary funds provide the same type of information as the government‐wide financial  statements, only in more detail. The proprietary fund financial statements provide separate  information for the Water and Sewer Fund, which is considered to be a major fund of the City as  well as information for the internal service funds.    Permanent funds are used to report resources that are legally restricted to the extent that only  earnings, and not principal, may be used to support programs of the City. The permanent fund  reported by the City is used to account for the assets and earnings used to support the operations  and maintenance of the Rolling Oaks Cemetery.    CITY OF COPPELL, TEXAS 17 The City as Trustee     Reporting the City’s Fiduciary Responsibilities    Fiduciary funds. The City maintains one custodial fund, the Health Reimbursement Arrangement  Fund. A custodial fund is a type of Fiduciary fund. Fiduciary funds are not reflected in the  government‐wide financial statements because the resources of those funds are not available to  support the City’s own programs.      Trust Funds. The City uses trust funds to account for trust arrangements under which principal  and income benefit individuals, private organizations, or other governments.  The OPEB Trust fund  reported by the City is used to report resources that are required to be held in trust for healthcare  benefits of retired employee members and their beneficiaries.     Notes to the financial statements    The notes provide additional information that is essential to a full understanding of the data  provided in the government‐wide and fund financial statements.     Other information    In addition to the basic financial statements and accompanying notes, this report presents certain  required supplementary information concerning the City’s retirement plan and the progress in  funding its obligation to provide other post‐employment benefits to employees. The combining  statements referred to earlier in connection with non‐major governmental funds are presented  immediately following the required supplementary information.      The City as a Whole    Government‐wide Financial Analysis    The City’s combined net position was $461.2 million as of September 30, 2021. Analyzing the net  position of governmental and business‐type activities separately, the governmental activities net  position is $396.1 million, and the business type activities net position is $65.1 million. This  analysis focuses on the net position (Table 1), general revenues (Table 2), and changes in net  position (Table 3) of the City’s governmental and business‐type activities.    By far the largest portion of the City’s net position (56.9 percent) reflects its investment in capital  assets (such as land, buildings, 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 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 generally are not used to liquidate these liabilities.     CITY OF COPPELL, TEXAS 18   Governmental Activities    The City’s general revenues increased when compared to the prior year by 8.5 percent or $8.4  million. The primary reasons for the increase were an increase in sales tax of $8.2 million and gain  on sale of capital assets by $0.8 million.  Gains on sale of capital assets increased $0.8 million from  sales of land near Old Town Coppell and from auction sales of various vehicles and equipment.   Because of the colder winter weather and higher gas usage, Atmos’s franchise payments were  $0.2 million higher than 2020.  There was a property tax increase of $0.3 million attributed to a  rise in taxable assessed property values.  Miscellaneous income increased $0.6 million primarily  because of winter storm damage reimbursements of $0.4 and an increase in hotel occupancy  taxes by $0.1 million. The investment earnings decrease of $1.7 million is attributed to lower  interest rates and the netting of realized earnings with unrealized fair value losses.  The unrealized  fair value losses were due to a slight increase in rates between Spring 2021 when some securities  were purchased, and their September 30, 2021 market valuation.       The increase in the City’s Governmental Activities’ general revenues is detailed below (Table 2):  2021 2020 2021 2020 2021 2020 Current and  other assets  $        241.6  $   197.1  $     46.6  $  37.1  $   288.2  $   234.2  Noncurrent Assets                 0.9             1.0             0.6          0.8             1.5             1.8  Capital  assets            325.1        318.7          49.2        52.5        374.3        371.2      Total  assets            567.6        516.8          96.4        90.4        664.0        607.2  Deferred outflows of resources                 6.5             8.7             0.2          0.3             6.7             9.0  Long‐te rm liability outstanding            142.8        139.1          29.1        23.6        171.9        162.7  Other liabilities              29.5          25.9             2.1          2.1          31.6          28.0     Total  liabilities            172.3        165.0          31.2        25.7        203.5        190.7  Deferred inflows of resources                 5.7             5.0             0.3          0.2             6.0             5.2  Net position: Net investment in capital  assets            221.3        214.5          41.3        44.6        262.6        259.1  Restricted              45.8          43.0                ‐              ‐           45.8          43.0  Unrestricted            129.0          98.0          23.8        20.2        152.8        118.2  Total  net position  $        396.1  $   355.5  $     65.1  $  64.8  $   461.2  $   420.3  Table  1 NET POSITION (In millions) Governmental  Business‐type   Activities Total  Primary Activities Government CITY OF COPPELL, TEXAS 19      2021 2020 Increase  (Decrease) Property Tax  $       47.5  $       47.2  $            0.3  Sales Tax           53.5            45.3                  8.2  Franchise Tax             4.4              4.2                  0.2  Miscellaneous             1.2              0.6                  0.6  Gain  on Sale of Capital  Assets             0.8                  ‐                   0.8  Investment Earnings                 ‐               1.7               (1.7)      Total  general  revenues 107.4$    99.0$      8.4$             Table  2 General Revenues and Transfers (in Millions) CITY OF COPPELL, TEXAS 20 Governmental activities increased the City’s net position by $40.6 million. The key elements of  this increase are as follows:        Charges for services increased by $4.1 million.  The Cemetery finished their expansion and plot  and marker sales Cemetery revenues increased $2.2 million. Construction fees, park’s programs  fees, and stormwater fees increased $1.8 million due to increased use as the City recovered from  the effects of the coronavirus.  Tree Preservation fees increased $0.1 million.  Operating grants  and contributions increased by $1.8 million because of $0.6 million from the ARPA grant and $1.2  million from the CARES Act.  Capital grants and contributions decreased by $0.4 million in Public  Works.  Sales tax revenue increased by $8.2 million because businesses began reopening after the  2021 2020 2021 2020 2021 2020 Revenues: Program revenues: Charges for services  $     11.6  $       7.5  $  19.5  $  18.1  $     31.1  $     25.6  Operating grants and contributions            3.5             1.7             ‐              ‐              3.5             1.7  Capital  grants and contributions            0.1             0.5          0.2          0.2             0.3             0.7  General  revenue: Property tax         47.5          47.2             ‐              ‐           47.5          47.2  Sales tax         53.5          45.3             ‐              ‐           53.5          45.3  Franchise tax            4.4            4.2             ‐              ‐              4.4             4.2  Other            2.0             2.3          0.9          1.2             2.9             3.5           Total  revenues       122.6        108.7        20.6        19.5        143.2        128.2  Expenses: General  government            12.5          11.9             ‐              ‐           12.5          11.9  Public safety         29.5          31.1             ‐              ‐           29.5          31.1  Public works         19.7          19.1             ‐              ‐           19.7          19.1  Culture and recreation         15.9          15.0             ‐              ‐           15.9          15.0  Interest on long‐term debt            4.4             3.9             ‐              ‐              4.4             3.9  Water               ‐                 ‐         11.4        10.3          11.4          10.3  Sewer               ‐                 ‐           8.9          7.9             8.9             7.9           Total  expenses           82.0          81.0        20.3        18.2        102.3          99.2  Increase (decrease) in net position         40.6          27.7          0.3          1.3          40.9          29.0  Net position – October 1       355.5        327.8        64.8        63.5        420.3        391.3  Net position – September 30  $   396.1  $   355.5  $  65.1  $  64.8  $   461.2  $   420.3  Total Tabl e  3 Changes in Net Position (in Millions) Governmental    Activities Business‐type   Activities CITY OF COPPELL, TEXAS 21 coronavirus, some sales tax rebate contracts ended, and for online retailers who have facilities in  Coppell, sales tax increased due to more online sales. Property tax revenue increased by $0.3  million due to an increase in taxable assessed property values.     The most significant governmental expense for the City was providing public safety, which  incurred expenses of $29.5 million. While funded primarily through general revenues, these  expenses were partially offset by revenues collected from a variety of sources, with the largest  being from fines and forfeitures, which were $0.7 million for the fiscal year ended September 30,  2021. This was the same as the previous fiscal year because due to the continuing effect of the  coronavirus and people staying home. The most significant portion of public safety expenses is  the cost of personnel, which was approximately $22.4 million.     Business‐type Activities    Program revenues of the City’s business‐type activities were $19.7 million for the fiscal year ended  September 30, 2021. Program revenues increased approximately $1.4 million or 8.2 percent as  compared to the prior fiscal year primarily due to an increase of $1.5 million in water and sewer  sales.  $0.1 million was used to alleviate higher bills from the winter event but was offset by an  increase of $0.1 million in water tap fees, sewer tap fees, and donations.  Expenses for the City’s  business‐type activities increased $2.1 million over the prior fiscal year due to a loss on sale of  capital asset from old water meters of $1.4 million, administrative services increase of $0.4 million  to reimburse other departments for services rendered to the water department, and water and  sewer demand and volume charges increase of $0.3 million.     The City’s water and sewer system recorded charges for services of $19.5 million.  The  final budget was $19.1 million.     The final budget for operating expenses totaled $18.9 million, and actual operating  expenses totaled $18.3 million.    Change in net position was anticipated to be an increase of $1.2 million but the actual change in  net position was an increase of $0.3 million. The actual increase was less than anticipated because  of loss on sale of old water meters of $1.4 million.  Water sales increased by $0.4 million.       CAPITAL ASSET AND DEBT ADMINISTRATION    Capital Assets    At the end of the fiscal year 2021, the City had $374.3 million, net of accumulated depreciation,  invested in a broad range of capital assets, including police and fire equipment, buildings, park  facilities, streets, and water and sewer lines. (See Table 4) This amount represents a net increase  (including additions and deductions) of $3.1 million or 0.8 percent more than the prior fiscal year.  CITY OF COPPELL, TEXAS 22   This year’s major additions included (in millions):         More detailed information about the City’s capital assets is presented in Note 4 in the notes to  the financial statements.    Long Term Liabilities    At year‐end, the City had $150.7 million in bonds outstanding as compared to $138.9 million at  the end of the prior fiscal year, an increase of $11.8 million or 8.5% percent as shown in Table 5.    2021 2020 2021 2020 2021 2020 Land  $         40.4  $       40.1  $         0.8  $         0.8  $       41.2  $       40.9  Building and Improvements             97.5            59.7              1.0              1.0            98.5            60.7  Parks and Improvements             56.0            55.3                  ‐                   ‐             56.0            55.3  Streets and Improvements           108.4          115.4                  ‐                   ‐           108.4          115.4  Water and Sewer System                   ‐                   ‐             45.3            48.9            45.3            48.9  Vehicles, Machinery  and Equipment               7.5              6.9              1.2             1.3             8.7              8.2  Construction in Progress             15.3            41.3              0.9              0.5            16.2            41.8       Total, net of accumulated appreciation  $      325.1  $    318.7  $       49.2  $       52.5  $    374.3  $    371.2  Table  4 Net Investment in Capital Assets at Year‐end (in Millions) Governmental   Activities Business‐type  Activities Totals Various Street and Drainage  Projects 10.5$                   Fire  Station 2 & 4 Expansion and Traffic Signal 3.3                        Vehicles, Machinery  & Equipment 2.3                        Cemetery Expansion 1.4                        Park Improvements 1.2                        Town Center and Building 265 Improvements 1.2                        Coppell  Arts Center and Old Town Drinking Fountain 0.7                        Various Trail  Improvements 0.6                        Enterprise  Software, Cartograph Software and Radio Project 0.5                        Water and Sewer Improvements, Smart Me ters, and Lif t Station Improvements 0.3                        Water Tower, Pump Station, and Lift Station Improvements 0.4                        Libray  Media 0.2                        Public Works Improvements ‐ Redundancy Study 0.1                        Total 22.7$                   CITY OF COPPELL, TEXAS 23   The City is permitted by Article XI, Section 5, of the State of Texas Constitution to levy taxes up to  $2.50 per $100 of assessed valuation for general governmental services including the payment of  principal and interest on general obligation long‐term debt. The City had a tax margin of $1.92 per  $100 assessed valuation based upon the maximum rates prescribed by law.    The City maintains a self‐funded health program. The self‐funded health program is responsible  for medical claims up to a stop loss of $125,000 per covered individual with an unlimited lifetime  maximum during the fiscal year. Coverage from a private insurance company is maintained for  losses in excess of the stop loss amount. An independent claims administrator performs all claims  handling procedures.    The City and its employees contribute to the Texas Municipal Retirement System, and recent  changes to standards of the Governmental Accounting Standards Board related to pension  reporting have resulted in increased volatility of the net pension liability.  Net pension liability of  the City decreased by $1.1 million in fiscal year 2021 to $16.5 million.  Detailed information about  the net pension liability is presented in Note 10 in the notes to the financial statements.    Other obligations include accrued vacation pay, and other post‐employment liability. Information  about the City’s long‐term liabilities is presented in Note 5 in the notes to the financial statements,  and detailed information about accrued vacation pay and other post‐employment liability is  presented in Notes 6 and 13.    THE CITY’S FUNDS     At the close of the City’s fiscal year on September 30, 2021, the governmental funds of the  City reported a combined fund balance of $198.1 million, an increase of $38.0 million  compared to prior year. The primary reason for the increase in the governmental fund balance  as compared to the previous year is an increase of $19.0 million in bond issuance financing.  Capital outlay expenditures decreased by $21.8 million because work was completed on the  Coppell Community Art Center, Cemetery expansion, and Fire Station 4.    2021 2020 2021 2020 2021 2020  $    97.5  $   90.1  $  27.0  $  21.5  $  124.5  $    111.6  Sales Tax  Bonds (Backed by Sales & Use  Tax)        26.2         27.3             ‐              ‐           26.2           27.3  Total  $  123.7  $ 117.4  $  27.0  $  21.5  $  150.7  $    138.9  General  Obligation Bonds  (Backed by the  City) Table  5 Outstanding Bonded Debt, at Year‐end (in Millions) Governmental   Acti vities   Business‐type    Activities Totals CITY OF COPPELL, TEXAS 24  The fund balance of the City’s General Fund of $108.6 million increased $21.5 million  compared to prior year. The net change in fund balance in prior year was an increase of $11.2  million.  The increase in the net change in fund balance between years is the result of  increased revenues of $9.3 million. Sales tax revenue increased $4.9 million.  Property tax  increased $1.0 million due to increasing property values.  Franchise tax increased $0.2 million  due to increased usage.  Charges for services increased $0.8 million due to facility use  increased as the City reopened more facilities and expanded working hours following the  coronavirus.  Intergovernmental revenues increased $3.1 million because of receiving $1.8  million from the Safer Grant, $1.2 million received from the Cares Act, and $0.1 million  received from various grants for the Biodiversity Center, Library, and Fire Department.   Miscellaneous income increased $0.5 million from winter storm damage reimbursements and  an increase in hotel occupancy taxes.  Investment earnings decreased $1.2 million because of  the GASB 72 fair value adjustment on end of year bonds issued at a premium.     The City’s General Obligation fund balance decreased by $0.4 million from prior year fund  balance to $0.7 million.  The fund balance decreased because principal retirement and  interest expenditures increased by $0.3 million because debt service payments increased  following the debt service schedule.  The interest and sinking portion of the property tax rate  decreased thus tax revenues decreased by $0.3 million.     The City spent $2.5 million in capital outlay in the Streets Capital Project Fund, a decrease of  $1.0 million as compared to the prior year. The decrease is the result of expenditures  decreasing because Freeport Phase II, various traffic signals, and plantation and Mossy Oak  streets projects were completed. There was an increase in fund balance of $16.1 million to  $32.0 million because bonds in the amount of $15.0 million with $1.1 in bond premiums were  issued for beginning work on Beltline Road.     The City’s Infrastructure Maintenance Special Revenue Fund balance decreased $1.3 million  from the prior year fund balance to $18.9 million.  The net change in fund balance in the prior  year and current year were both a decrease of $1.3 million.   Due to the GASB 72 fair value  adjustment, investment earnings decreased by $0.2. Sales tax revenue increased by $0.9  million. Street maintenance expense increased by $0.3 million.      As a new fund, the fund balance of the ARPA fund at September 30, 2021 was zero.  This is  because the ARPA is a grant and revenues were recognized for the exact amount of project  expenditures that were compliant with statute and regulatory requirements.  $4.3 million of  advanced funds remain unspent and are in unearned revenue.     The City’s Water and Sewer Fund net position of $64.4 million increased $0.1 million from the  prior year. The change in net position in fiscal year 2020 was an increase of $1.1 million.   Operating income was $2.0 million but after nonoperating expenditures of $1.9 million  because of investment earnings of $0.1 million, a loss on sale of capital assets from old water  meters of $1.4 million, and interest expense of $0.6 million the net position only increased  $0.1 million.      CITY OF COPPELL, TEXAS 25 General Fund Budgetary Highlights    During fiscal year 2021, the City Council amended the budget for the General Fund two times. The  major reasons for the amendments were for encumbrance carryovers, DART Silver Line,  enterprise asset management software, Beltline Road, sales tax, and revenue adjustments due to  the effects of the coronavirus pandemic.    During fiscal year 2021, actual expenditures were $56.3 million compared to the final budget  amount of $66.8 million. The $10.5 million variance is the result of less than expected costs  associated with salary and salary‐related expenditures such as the seasonal temporary jobs,  insurance, interns, and salary increases, and with operating services, maintenance, supplies, and  other professional services, which all had lower costs than anticipated.  Due to the coronavirus,  City facilities were operating but have not fully recovered to pre‐covid use.  Because of reduced  usage of City facilities, expenses related to maintenance and operations were significantly lower  than expected.     For fiscal year 2021, actual revenues were $80.1 million as compared to the final budget of $77.7  million. The resulting $2.4 million variance was primarily due to increases in sales tax collection of  $1.7 million, increases in grant revenue by $1.5 million, and increases franchise revenues of $0.2  million more than expected.  Property taxes were less than budgeted at $0.8 million and building  permit revenues were $0.1 million less than expected.      The City’s actual fund balance for the General Fund was $108.6 million as of the fiscal year end,  compared to the final budget fund balance of $96.6 million. The positive variance between actual  fund balance and final budget is a result of general government, public safety, public works,  culture and recreation, and capital outlay expenditures being less than anticipated.    Economic Factors and Next Year’s Budgets and Rates    The City’s elected and appointed officials considered many factors when setting the fiscal year  2022 budget, tax rates, and fees that will be charged for the business‐type activities.  One of those  factors is the economy. Population growth experienced by the City has stimulated local business  and development activity, and the community has placed additional requirements on the City to  maintain or enhance services provided to our citizens.  However, the coronavirus pandemic and  the ongoing sales tax litigation influenced the 2021 financial statements and management is  monitoring for adjustments that will need to be made in the fiscal year 2022 budget.     In the midst of the pandemic recovery, the City’s residential and commercial buildings still  increased in fiscal year 2021. Coppell is viewed by some as ideal for industrial development  because Coppell has direct access to Interstate Highway 635 and easy access to Interstate  Highway 35 and is near Dallas/Fort Worth International Airport. Numerous large companies have  moved their distribution center, regional office and/or corporate headquarters to Coppell, such  as Amazon, VariSpace, The Container Store, Staples, Uline, Kimberly‐Clark, IBM, Barcel USA,  McLaren, Shaw Industries and more.    Coppell possesses 28 million square feet of commercial space in the City of Coppell including  several restaurants, retail establishments, industrial warehouses and corporate headquarters and  CITY OF COPPELL, TEXAS 26 vacancy rates continue to remain low in all commercial categories despite the coronavirus  pandemic.  The development of Old Town Coppell remains a goal for the City Council. A part of  that goal was accomplished as the Coppell Arts Center had its grand opening September of 2021  in the Main Street Development.     The above indicators were considered when adopting the General Fund budget for fiscal year  2022. The total combined budget appropriation totals $91.9 million for 27 operating funds. This  represents an increase of $0.8 million or 1.0 percent from the 2020‐2021 budget. Budgeted  expenditures for fiscal year 2022 in the General Fund decrease $0.9 million or 1.5 percent from  the 2020‐2021 budget. The decrease is due to a decrease in salary and benefits of $0.9 million, a  decrease in capital of $0.3 million, a decrease in cost of services provided of $0.7 million, a  decrease in supplies of $0.1 million, an increase in transfers of $0.8, and an increase in  maintenance of $0.3 million.  The Debt Service fund expenses increased $0.7 million because  principal payments and interest fees increase following the debt service schedule. The special  revenue fund expenditures increase by $1.3 million. The increase in the special revenue funds is  because Rolling Oaks Memorial Cemetery’s addition has been completed and an increase of $0.5  million for additional supplies, maintenance, and services are needed.  An increase in the  infrastructure and maintenance by $0.8 million for various pavement, ADA, and traffic signal  maintenance.  Municipal drainage increase $0.3 million because of an increase in services,  maintenance, and salaries for additional street sweeping, erosion control, and a storm sewer  study.    Ad valorem tax revenue is determined by two major factors: the total assessed value established  by both the Dallas Central Appraisal District and the Denton Central Appraisal District and the tax  rate established by the City Council.  The City will propose a tax rate of $0.5800 per $100 valuation  for fiscal year 2021‐2022 this is the same as the current rate.  According to final figures received  from both appraisal districts, the total taxable assessed property tax value for 2021 of $8.7 billion  is an increase of $346.4 million or 4.1 percent over 2020 assessed property tax value.  The increase  is a result of $49.2 million in new property or 0.6 percent while existing property values increased  $297.1 million or 3.5 percent.  This is the tenth year for property values to increase after three  consecutive years of declines due to the economic downturn. The General Fund’s largest revenue  continues to be property tax receipts; however, sales taxes are another significant source of  revenue.  Sales taxes remain a significant source of revenue, but volatility will remain as result of  the coronavirus pandemic and the ongoing litigation with the state.  As for the City’s business‐type activities, the City issued bonds in fiscal year 2021 to fund a water  tower rehabilitation project, additional funding for the water system redundancy project, and  replacement of various sanitary sewer and water lines.   The completion of these projects will  occur in a future fiscal year.    Future projects under review by the City’s Public Works staff are additional replacement of various  sanitary sewer and water lines and manhole repairs. Bonds would be issued to fund these projects  if approved by Coppell’s City Council.      Additionally, the City contracted with a third party to perform a water and sewer rate study during  fiscal year 2020 as part of staff’s efforts to monitor the adequacy of water and sewer rates to  CITY OF COPPELL, TEXAS 27 support the operations and maintenance of the water and sewer system.  Results of the rate study  were that no water or sewer rate increase would be necessary in fiscal year 2021. The rate study  also explored the implementation of winter averaging for sewer charges and a tiered rate  structure for water usage.  In June 2021, the City implemented a three‐tiered rate structure.     The  volume rate increases slightly for each higher tier but is anticipated to be revenue neutral.   The  purpose of the tiered rate structure is to encourage mindful water use in an effort to positively  impact the City’s overall water demand level.   The City did not implement winter averaging for  sewer charges.  Since winter averaging is a different methodology than currently used by the City  and the City is in the middle of implementing new billing software, a change to winter averaging  for sewer will be a future consideration.    Request for Information    The financial report is designed to provide our citizens, customers, investors, and creditors with a  general overview of the City’s finances.  If you have questions about this report or need any  additional information, contact the Department of Finance, Attn: Director of Finance, at PO Box  9478, Coppell, Texas 75048‐9478, call (972) 304‐3690, or email at finance@coppelltx.gov.  CITY OF COPPELL, TEXAS 28 Governmental  Activities Business‐type  Activities Total ASSETS Current assets: Cash  $                  4,750,930  $                      212,417  $                  4,963,347  Investments                  223,008,847                     43,426,741                   266,435,588  Receivables (net of allowances for uncollectible of $828,695 for  governmental and $259,362 for business‐type activities                    13,770,247                        2,797,034                     16,567,281  Prepaid items                            59,322                                        ‐                             59,322  Inventory                                       ‐                           197,787                           197,787  Total current assets                  241,589,346                     46,633,979                   288,223,325  Noncurrent assets: Cash ‐ restricted                                       ‐                             56,887                             56,887  Investments ‐ restricted                                       ‐                           571,605                           571,605  Investment in joint venture                          894,437                                        ‐                           894,437  Capital assets (shown net of accumulated depreciation): Land                    40,426,613                           844,572                     41,271,185  Building and improvements                    97,453,862                           942,393                     98,396,255  Parks                    56,029,529                                        ‐                     56,029,529  Streets                  108,400,936                                        ‐                   108,400,936  Water and sewer system                                       ‐                     45,349,330                     45,349,330  Vehicles, machinery, and equipment                       7,511,311                        1,158,921                        8,670,232  Construction in progress                    15,283,977                           872,913                     16,156,890  Total noncurrent assets                  326,000,665                     49,796,621                   375,797,286  Total assets                  567,590,011                     96,430,600                   664,020,611  DEFERRED OUTFLOWS OF RESOURCES Deferred outflow‐related to pension                       4,865,363                           177,479                        5,042,842  Deferred outflow‐related to other post‐employment benefits                          618,107                             32,534                           650,641  Deferred charge on refunding                       1,073,199                                        ‐                        1,073,199  Total deferred outflows of resources                       6,556,669                           210,013                        6,766,682  Total assets and deferred outflows of resources                  574,146,680                     96,640,613                   670,787,293  LIABILITIES Current liabilities: Accounts payable and accrued liabilities                       9,852,229                        1,328,812                     11,181,041  Claims liability                          506,392                                        ‐                           506,392  Retainage payable                       1,041,757                             53,102                        1,094,859  Internal balances                          731,403                         (731,403)                                      ‐  Accrued interest                          783,732                           160,568                           944,300  Unearned revenue                       6,913,570                                        ‐                        6,913,570  Compensated absences, due within one year                       1,335,968                             59,371                        1,395,339  Bonds payable, due within one year                       8,340,000                        1,220,000                        9,560,000  Total current liabilities                    29,505,051                        2,090,450                     31,595,501  Noncurrent liabilities: Deposits                                       ‐                           541,528                           541,528  Compensated absences, due in more than one year                       2,273,864                             17,957                        2,291,821  Bonds payable, due in more than one year                  124,302,760                     27,847,862                   152,150,622  Net pension liability                    15,829,577                           711,256                     16,540,833  Other post‐employment liability                          413,799                             21,779                           435,578  Total noncurrent liabilities                  142,820,000                     29,140,382                   171,960,382  Total liabilities                  172,325,051                     31,230,832                   203,555,883  DEFERRED INFLOWS OF RESOURCES Deferred inflow ‐ related to pension                       4,342,238                           195,107                        4,537,345  Deferred inflow ‐ related to other post‐employment benefits                       1,360,399                             71,602                        1,432,001  Total deferred inflows of resources                       5,702,637                           266,709                        5,969,346  NET POSITION Net investment in capital assets                  221,295,988                     41,339,480                   262,635,468  Restricted for: General government                          692,054                                        ‐                           692,054  Public safety                    18,975,558                                        ‐                     18,975,558  Culture and recreation                    23,149,218                                        ‐                     23,149,218  Economic development                              9,659                                        ‐                               9,659  Capital projects                       1,578,522                                        ‐                        1,578,522  Debt service                          387,976                                        ‐                           387,976  Perpetual care ‐ nonexpendable                          974,814                                        ‐                           974,814  Unrestricted                  129,055,203                     23,803,592                   152,858,795  Total net position  $              396,118,992  $                65,143,072  $              461,262,064  The accompanying notes to financial statements are an integral part of this statement. CITY OF COPPELL, TEXAS Government‐wide Statement of Net Position September 30, 2021 Primary Government CITY OF COPPELL, TEXAS 29 Functions/Programs Expenses Charges for Services Operating Grants and  Contributions Capital Grants and  Contributions Primary government: Governmental activities: General government  $ 12,466,590  $ 1,371,407  $ 1,305,771  $‐  Public safety 29,553,832 3,833,854 1,972,026 ‐  Public works 19,723,417 1,290,928 97,970 111,097  Culture and recreation 15,922,314 5,100,974 167,205 ‐  Debt service/interest 4,421,544 ‐ ‐   ‐  Total governmental activities 82,087,697 11,597,163 3,542,972 111,097  Business‐type activities: Water 11,443,685 12,602,168 ‐         108,534  Sewer 8,844,478 6,921,457 ‐            83,171  Total business‐type activities 20,288,163 19,523,625 ‐         191,705  Total primary government  $                102,375,860  $ 31,120,788  $ 3,542,972  $302,802  The accompanying notes to financial statements are an integral part of this statement. Program Revenues CITY OF COPPELL, TEXAS Statement of Activities For the Year Ended September 30, 2021 General revenues: Property tax Sales tax Franchise tax Investment earnings Miscellaneous Gain on sale of capital assets Total general revenues  Change in net position Net position ‐ beginning Net position ‐ ending CITY OF COPPELL, TEXAS 30 Governmental Activities Business‐type Activities Total  $                   (9,789,412) $                                      ‐   $                   (9,789,412)                     (23,747,952)                                         ‐                      (23,747,952)                     (18,223,422)                                         ‐                      (18,223,422)                     (10,654,135)                                         ‐                      (10,654,135)                       (4,421,544)                                         ‐                        (4,421,544)                     (66,836,465)                                         ‐                      (66,836,465)                                          ‐                          1,267,017                          1,267,017                                           ‐                        (1,839,850)                      (1,839,850)                                          ‐                            (572,833)                          (572,833)                     (66,836,465)                          (572,833)                    (67,409,298)                       47,530,129                                           ‐                        47,530,129                        53,528,289                                           ‐                        53,528,289                          4,375,389                                           ‐                          4,375,389                                           ‐                             130,199                             130,199                          1,187,727                             769,813                          1,957,540                             795,400                                           ‐                             795,400                     107,416,934                             900,012                     108,316,946                        40,580,469                            327,179                        40,907,648                     355,538,523                        64,815,893                     420,354,416   $                396,118,992  $                  65,143,072  $                461,262,064  Primary Government CITY OF COPPELL, TEXAS                                                                                                  Statement of Activities                                                                                                     (concluded) Net (Expense) Revenue and Changes in Net Position For the Year Ended September 30, 2021                                                                      CITY OF COPPELL, TEXAS 31 General  General  Obligation ARPA Capital  Projects  Streets Infrastructure  Maintenance  Fund Other  Governmental  Funds Total  Governmental  Funds ASSETS Cash  $           161,681  $                473  $                515  $        556,756  $          78,153  $      3,626,975  $        4,424,553  Investments        108,731,004             654,129          4,293,000        33,586,761        20,397,486         37,111,943         204,774,323  Receivables (net of allowances for   uncollectible of $828,695) Taxes receivable            6,008,293             107,037                          ‐                          ‐          1,226,257           3,668,288           11,009,875  Accounts receivable               860,489                         ‐                          ‐                          ‐                          ‐           1,719,996             2,580,485  Interest receivable                  28,116                          ‐                          ‐                          ‐                  9,106                   5,701                   42,923  Other receivable                  30,133                          ‐                          ‐                          ‐                         ‐                  5,575                   35,708  Due from other funds            1,900,500                          ‐                          ‐                          ‐                          ‐               737,000             2,637,500  Prepaid items                  59,322                          ‐                          ‐                          ‐                          ‐                            ‐                   59,322  Total assets        117,779,538             761,639          4,293,515        34,143,517        21,711,002         46,875,478         225,564,689  DEFERRED OUTFLOWS OF RESOURCES Sales tax deferred outflow               159,571                          ‐                          ‐                          ‐                  2,077                   6,204                167,852  Total deferred outflows of resources               159,571                          ‐                          ‐                          ‐                  2,077                   6,204                167,852  Total assets and deferred outflows of  resources  $   117,939,109  $        761,639  $     4,293,515  $  34,143,517  $  21,713,079  $    46,881,682  $   225,732,541  LIABILITIES Accounts payable  $        4,946,014  $                     ‐   $                     ‐   $        805,945  $     1,808,465  $      1,389,500  $        8,949,924  Accrued liabilities               708,177                          ‐                          ‐                  2,065                     797                 45,199                756,238  Due to other funds                             ‐                         ‐                          ‐                          ‐                          ‐           2,637,500             2,637,500  Retainage payable                             ‐                          ‐                          ‐               65,055             393,045               583,657             1,041,757  Unearned revenue               297,428                          ‐          4,293,515          1,286,953                         ‐          1,035,674             6,913,570  Total liabilities            5,951,619                          ‐          4,293,515          2,160,018          2,202,307           5,691,530           20,298,989  DEFERRED INFLOWS OF RESOURCES Unavailable revenue            3,364,672             107,037                          ‐                          ‐             616,682           3,231,029             7,319,420  Total deferred inflow of resources            3,364,672             107,037                          ‐                          ‐             616,682           3,231,029             7,319,420  FUND BALANCES Nonspendable                  59,322                          ‐                          ‐                          ‐                          ‐               974,814             1,034,136  Restricted General government               692,054                          ‐                          ‐                          ‐                          ‐                            ‐                692,054  Public safety            1,068,424                          ‐                          ‐                          ‐                          ‐         17,292,927           18,361,351  Culture and recreation            6,868,420                          ‐                          ‐                          ‐                          ‐         13,966,841           20,835,261  Economic development                             ‐                          ‐                          ‐                          ‐                          ‐                   9,659                     9,659  Capital projects                             ‐                          ‐                          ‐        31,983,499                          ‐           5,279,608           37,263,107  Debt service                             ‐             654,602                          ‐                          ‐                          ‐               107,204                761,806  Committed General government            7,003,073                          ‐                          ‐                          ‐                          ‐                            ‐             7,003,073  Public works               358,858                          ‐                          ‐                          ‐        18,894,090               704,569           19,957,517  Culture and recreation                             ‐                          ‐                          ‐                          ‐                          ‐           1,549,166             1,549,166  Economic development               666,355                          ‐                          ‐                          ‐                          ‐                 18,203                684,558  Assigned General government            1,874,550                         ‐                          ‐                          ‐                          ‐                            ‐             1,874,550  Public works               325,000                          ‐                          ‐                          ‐                          ‐                            ‐                325,000  Economic development               185,000                          ‐                          ‐                          ‐                         ‐                            ‐                185,000  Capital projects               750,000                          ‐                          ‐                          ‐                          ‐                            ‐                750,000  Unassigned          88,771,762                          ‐                          ‐                          ‐                          ‐          (1,943,868)         86,827,894  Total fund balances  $   108,622,818  $        654,602  $                     ‐   $  31,983,499  $  18,894,090  $    37,959,123  $   198,114,132  Total liabilities, deferred inflows of resources, and  fund balances  $   117,939,109  $        761,639  $     4,293,515  $  34,143,517  $  21,713,079  $    46,881,682  $   225,732,541  The accompanying notes to financial statements are an integral part of this statement. CITY OF COPPELL, TEXAS Balance Sheet Governmental Funds September 30, 2021 CITY OF COPPELL, TEXAS 32 CITY OF COPPELL, TEXAS           Reconciliation of Balance Sheet of Governmental Funds To the Statement of Net Position September 30, 2021 $198,114,132 325,106,228 894,437 174,062 1,383,459 491,929 4,930,979 338,991 7,319,420 19,009,197 (999,499) (731,403) 17,278,295 (123,710,000) (8,932,760) 1,073,199 (783,732) (3,609,832) (15,829,577) 4,865,363 (4,342,238) (413,799) 618,107 (1,360,399) (167,852) (152,593,520) $396,118,992                Ambulance receivable, net of allowance for doubtful accounts Fund balances of governmental funds Capital assets used in governmental activities are not financial resources and  therefore are not reported in the funds.  Capital assets of internal service funds  are included. Equity investment in Joint Venture is not a current financial resource and  therefore are not  reported in the governmental funds balance sheet. Other long‐term assets are not available to pay for current‐period expenditures,  and, therefore, are reported as unavailable revenue in the funds.                Net pension liability                Cemetery                Property taxes                Construction inspection fees Internal service funds are used by management to account for the costs of  capital replacement and the self‐funded health program provided by the City to  its employees and their dependents. The assets and liabilities of the internal  service funds are included in governmental activities in the statement of net  position. Long‐term liabilities, including bonds payable, are not due and payable in the  current period and therefore are not reported in the funds.                Bonds payable                Premium (to be amortized as interest expense)                Deferred charges from refunding                Accrued interest payable                Compensated absences                Less amount allocated to business‐type activities                Net position of internal service funds                Less capital assets included with governmental activities                Sales taxes                Deferred outflow ‐ sales tax Net position of governmental activities The accompanying notes to financial statements are an integral part of this statement.                Deferred outflows ‐ related to pension                Deferred inflows ‐ related to pension                Deferred outflows ‐ related to OPEB                Deferred inflows ‐ related to OPEB                Other post‐employment liability CITY OF COPPELL, TEXAS 33 General  General  Obligation ARPA Capital Projects  Streets Infrastructure  Maintenance  Fund Other  Governmental  Funds Total  Governmental  Funds REVENUES Taxes, penalties, and interest  $      69,251,105  $        8,407,921  $                        ‐   $                        ‐   $        6,930,889  $      21,085,122  $   105,675,037  Licenses, fees, and permits            1,613,514                             ‐                             ‐                             ‐                             ‐                791,178             2,404,692  Intergovernmental            3,677,987                             ‐                838,255                             ‐                             ‐                             ‐             4,516,242  Charges for services            4,305,326                             ‐                             ‐                             ‐                             ‐             2,694,031             6,999,357  Fines and forfeitures               716,433                            ‐                             ‐                             ‐                             ‐                199,312                915,745  Investment earnings             (310,745)                  1,521                             ‐                    1,641                   (5,912)               (55,925)            (369,420) Contributions                            ‐                             ‐                             ‐                             ‐                             ‐                  52,613                  52,613  Miscellaneous               798,299                             ‐                             ‐                             ‐                             ‐                  58,243                856,542  Total revenues          80,051,919             8,409,442                838,255                    1,641            6,924,977           24,824,574         121,050,808  EXPENDITURES Current: General government          12,267,604                             ‐                111,144                             ‐                             ‐                             ‐           12,378,748  Public safety          24,672,701                             ‐                488,867                             ‐                             ‐             2,948,882           28,110,450  Public works            9,740,594                             ‐                  97,969                112,350             2,882,736                452,202           13,285,851  Culture and recreation            8,277,316                             ‐                140,275                             ‐                             ‐             3,532,814           11,950,405  Debt service: Principal retirement                            ‐             6,155,000                             ‐                             ‐                             ‐             1,585,000             7,740,000  Interest and fiscal charges                            ‐             2,750,394                             ‐                             ‐                             ‐             1,747,294             4,497,688  Capital outlay: General government               186,969                             ‐                             ‐                             ‐                             ‐                542,735                729,704  Public safety               798,721                             ‐                             ‐                             ‐                             ‐             3,518,988             4,317,709  Public works                 28,668                             ‐                             ‐             2,335,646             7,518,354             1,735,030           11,617,698  Culture and recreation               374,230                             ‐                             ‐                             ‐                             ‐             3,721,590             4,095,820  Total expenditures          56,346,803             8,905,394                838,255             2,447,996           10,401,090           19,784,535           98,724,073  Excess (deficiency) of revenues over/  (under) expenditures          23,705,116              (495,952)                           ‐           (2,446,355)         (3,476,113)           5,040,039           22,326,735  OTHER FINANCING SOURCES (USES) Transfers in            3,685,911                             ‐                             ‐             2,470,832             2,144,000                777,000             9,077,743  Transfers out          (6,318,613)                           ‐                            ‐                             ‐                             ‐           (4,275,569)       (10,594,182) Issuance of general obligation debt                            ‐             8,165,000                             ‐           15,035,000                             ‐                             ‐           23,200,000  Premium on bonds issued                            ‐             1,055,995                             ‐             1,076,969                             ‐                             ‐             2,132,964  Payment to refunded bond escrow agent                            ‐           (9,145,000)                           ‐                             ‐                             ‐                             ‐           (9,145,000) Proceeds from sales of capital assets               450,902                             ‐                             ‐                             ‐                             ‐                542,339                993,241  Total other financing sources (uses)         (2,181,800)                75,995                             ‐           18,582,801             2,144,000           (2,956,230)         15,664,766  Net change in fund balances          21,523,316              (419,957)                           ‐           16,136,446           (1,332,113)           2,083,809           37,991,501  Fund balances ‐ October 1          87,099,502             1,074,559                             ‐           15,847,053           20,226,203           35,875,314         160,122,631  Fund balances ‐ September 30  $   108,622,818  $           654,602  $                        ‐   $      31,983,499  $      18,894,090  $      37,959,123  $   198,114,132  The accompanying notes to financial statements are an integral part of this statement. CITY OF COPPELL, TEXAS Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 34 CITY OF COPPELL, TEXAS Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities For the Year Ended September 30, 2021  $    37,991,501  20,592,412        (15,018,545)      5,573,867          (97,428)              111,097              (29,321)               (62,806)              18,970                (23,200,000)       (2,132,964)         16,885,000        693,963              (141,983)            (7,895,984)         (88,194)              595,866             117,935              1,119,651           (70,500)              1,167,086          3,546,558           (231,773)            3,314,785          40,580,469$                      Pension                 Other post‐employment benefits                 Change in net position of internal service funds                Donation of infrastructure                Loss on sale of capital assets                Capital assets transferred to enterprise fund Change in net position of governmental activities                Amortization of deferred charges on refundings                Bonds issued                Premium on bonds issued                 Less amount allocated to business‐type activities The accompanying notes to financial statements are an integral part of this statement. Accrued interest expense on long‐term debt is reported in the government‐wide  statement of activities, but does not require the use of current financial resources;  therefore, accrued interest expense is not reported as expenditures in governmental  funds. Change in accrued interest. Revenues in the Statement of Activities that do not provide current financial resources  are not reported as revenue in the funds. In the statement of activities, certain operating expenses are measured by the amounts  earned during the year.  In the governmental funds, however, expenditures for this item  is measured by the amount of financial resources used (essentially, the amounts  actually paid).                 Compensated absences Net change in fund balances ‐ total governmental funds Amounts reported for governmental activities in the statement of net position 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 in the current period.                 Capital outlay, less $168,519 intra‐entity purchase of land                 Depreciation Internal service funds are used by management to account for the costs of health claims  and replacement of capital equipment.  The net income of  internal service funds is  reported with governmental activities. The net effect of various miscellaneous transactions involving capital assets (i.e. sales  and donations) is to increase net assets.  Donation of infrastructure. The governmental funds report bond proceeds as an other financing source, while  repayment of bond principal is reported as an expenditure.  Also, governmental funds  report the effect of premiums when debt is first issued, whereas these amounts are  deferred and amortized in the statement of activities.  Interest is recognized as an  expenditure in the governmental funds when it is due.  In the statement of activities,  interest expense is recognized as it accrues, regardless of when it is due.  This amount is  the net effect of these differences in the treatment of general obligation bonds and  related items.                Bond principal retirement                Amortization of bond premiums / discounts Gains and losses on equity investment are not reported in governmental funds. CITY OF COPPELL, TEXAS 35 Variance with Original Final Actual Final Budget REVENUES Taxes, penalties, and interest  $           54,790,985  $           68,113,224  $           69,251,105  $             1,137,881  Licenses, fees, and permits                 1,427,500                  1,738,750                  1,613,514                    (125,236) Intergovernmental                                  ‐                  2,133,602                  3,677,987                  1,544,385  Charges for services                 4,532,500                  4,212,800                  4,305,326                        92,526  Fines and forfeitures                 1,102,000                      678,500                      716,433                        37,933  Investment earnings                     650,500                      360,500                    (310,745)                  (671,245) Miscellaneous                     255,000                      429,871                      798,299                      368,428  Total revenues               62,758,485               77,667,247                80,051,919                  2,384,672  EXPENDITURES Current: General government               13,283,647                15,362,218                12,267,604                  3,094,614  Public safety               26,381,205                27,181,597                24,672,701                  2,508,896  Public works                 8,884,486                10,053,638                  9,740,594                      313,044  Culture and recreation               11,116,172                11,420,558                  8,277,316                  3,143,242  Total current               59,665,510                64,018,011                54,958,215                  9,059,796  Capital outlay: General government                     397,000                  1,333,403                      186,969                  1,146,434  Public safety                     269,940                  1,063,440                      798,721                     264,719  Public works                                  ‐                                  ‐                        28,668                      (28,668) Culture and recreation                     257,500                      429,666                      374,230                        55,436  Total capital outlay                     924,440                  2,826,509                  1,388,588                  1,437,921  Total expenditures               60,589,950                66,844,520                56,346,803                10,497,717  Excess of revenues over expenditures                 2,168,535                10,822,727                23,705,116                12,882,389  OTHER FINANCING SOURCES (USES) Transfers in                 1,372,867                 3,435,884                  3,685,911                      250,027  Transfers out                (3,505,781)               (5,259,282)               (6,318,613)               (1,059,331) Proceeds from sale of capital assets                                  ‐                     452,726                      450,902                        (1,824) Total other financing (uses)               (2,132,914)               (1,370,672)               (2,181,800)                  (811,128) Net change in fund balance                       35,621                  9,452,055                21,523,316                12,071,261  Fund balance ‐ October 1               87,099,502                87,099,502                87,099,502                                   ‐  Fund balance ‐ September 30  $           87,135,123  $           96,551,557  $         108,622,818  $           12,071,261  Budgeted Amounts The accompanying notes to financial statements are an integral part of this statement. CITY OF COPPELL, TEXAS General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 General Fund CITY OF COPPELL, TEXAS 36 Variance with Original Final Actual Final Budget REVENUES Intergovernmental  $                          ‐   $                          ‐   $             838,255  $             838,255  Total revenues                              ‐                               ‐                  838,255                  838,255  EXPENDITURES Current: General government                              ‐                  110,712                  111,144                        (432) Public safety                              ‐                  486,969                  488,867                     (1,898) Public works                              ‐                  139,730                     97,969                     41,761  Culture and recreation                              ‐                     97,589                  140,275                   (42,686) Total current                              ‐                  835,000                  838,255                     (3,255) Total expenditures                              ‐                  835,000                  838,255                     (3,255) Deficiency of revenues under  expenditures                              ‐                 (835,000)                             ‐                     (3,255) Net change in fund balance                              ‐                (835,000)                             ‐                     (3,255) Fund balance ‐ beginning                              ‐                               ‐                               ‐                               ‐  Fund balance ‐ ending  $                          ‐   $           (835,000) $                          ‐   $                (3,255) Budgeted Amounts The accompanying notes to financial statements are an integral part of this statement. CITY OF COPPELL, TEXAS ARPA Fund Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 ARPA Fund CITY OF COPPELL, TEXAS 37 Variance with Original Final Actual Final Budget REVENUES Taxes, penalties, and interest  $          3,322,000  $          6,144,885  $          6,930,889  $             786,004  Investment earnings                 100,000                  150,000                     (5,912)               (155,912) Total revenues              3,422,000               6,294,885               6,924,977                  630,092  EXPENDITURES Current: Public works              2,167,238               3,978,544               2,882,736               1,095,808  Total current              2,167,238               3,978,544               2,882,736               1,095,808  Capital outlay: Public works              3,050,000               9,516,626               7,518,354               1,998,272  Total capital outlay              3,050,000               9,516,626              7,518,354               1,998,272  Total expenditures              5,217,238             13,495,170             10,401,090               3,094,080  Deficiency of revenues under  expenditures            (1,795,238)           (7,200,285)           (3,476,113)             3,724,172  OTHER FINANCING SOURCES Transfers in              2,144,000               2,144,000               2,144,000                              ‐  Total other financing sources              2,144,000               2,144,000               2,144,000                               ‐  Net change in fund balance                 348,762             (5,056,285)           (1,332,113)             3,724,172  Fund balance ‐ beginning            20,226,203             20,226,203             20,226,203                               ‐  Fund balance ‐ ending  $        20,574,965  $        15,169,918  $        18,894,090  $          3,724,172  Budgeted Amounts The accompanying notes to financial statements are an integral part of this statement. CITY OF COPPELL, TEXAS Infrastructure Maintenance Special Revenue Fund Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 Infrastructure Maintenance Fund CITY OF COPPELL, TEXAS 38 Business‐type  Activities  Governmental  Activities  Water and Sewer  Fund  Internal Service  Funds  ASSETS Current assets: Cash  $                   212,417  $                   326,377 Investments                  43,426,741                   18,234,524  Receivables, net of allowance for uncollectibles of $259,362 Accounts receivable                    2,744,070                           93,601 Interest receivable                            6,118                            7,654 Other receivable                          46,846                                      ‐ Inventory                       197,787                                      ‐ Total current assets                  46,633,979                   18,662,156  Noncurrent assets: Cash ‐ restricted                          56,887                                      ‐ Investments ‐ restricted                       571,605                                      ‐ Capital assets, shown net of accumulated depreciation                  49,168,129                        999,499 Total noncurrent assets                  49,796,621                        999,499 Total assets                  96,430,600                   19,661,655  DEFERRED OUTFLOWS OF RESOURCES Deferred outflows related to pension                       177,479                                      ‐ Deferred outflows‐related to other post‐employment benefits                          32,534   ‐  Total deferred outflows of resources                       210,013                                      ‐ Total assets and deferred outflows of resources  $             96,640,613  $             19,661,655  LIABILITIES Current liabilities: Claims liability                                     ‐                      506,392 Accounts payable                    1,293,410                        146,066 Accrued liabilities                          35,402                                      ‐ Accrued interest                       160,568                                      ‐ Retainage payable                          53,102                                      ‐ Bonds payable current                    1,220,000                                      ‐ Compensated absences                          59,371                                      ‐ Total current liabilities                    2,821,853                        652,458 Noncurrent liabilities: Payable from restricted assets                       541,528                                      ‐ Bonds payable noncurrent                  27,847,862                                      ‐ Net pension liability                       711,256                                      ‐ Other post‐employment liability                          21,779                                      ‐ Compensated absences                          17,957                                      ‐ Total noncurrent liabilities                  29,140,382                                      ‐ Total liabilities                  31,962,235                        652,458 DEFERRED INFLOWS OF RESOURCES Deferred inflows related to pension                       195,107                                      ‐ Deferred inflows‐related to other post‐employment benefits                          71,602                                      ‐ Total deferred inflows of resources                       266,709                                      ‐ NET POSITION Net investment in capital assets                  41,339,480                        999,499 Unrestricted                  23,072,189                   18,009,698  Total net position  $             64,411,669  $             19,009,197      fund activities related to the enterprise fund                       731,403   $             65,143,072  Adjustment to reflect the consolidation of internal service  Net position of business‐type activities The accompanying notes to financial statements are an integral part of this statement. CITY OF COPPELL, TEXAS Statement of Net Position Proprietary Funds September 30, 2021 CITY OF COPPELL, TEXAS 39 Governmental  Activities Total Enterprise  Funds Internal Service  Funds OPERATING REVENUES Water and sewer sales  $            19,505,844  $                               ‐  Water and sewer connection fees                        17,780                                    ‐  City and employee contributions                                   ‐                   6,321,138  Miscellaneous                      769,813                                    ‐  Total operating revenues                20,293,437                   6,321,138  OPERATING EXPENSES Purchase of water                  6,606,300                                    ‐  Purchase of sewer treatment                  4,007,093                                    ‐  Salaries and wages                  1,424,776                                    ‐  Supplies and services                  3,266,374                                   ‐  Claims                                   ‐                   3,226,053  Contractual services and charges                                   ‐                   1,062,263  Depreciation                  2,990,684                       133,136  Total operating expenses                18,295,227                   4,421,452  Operating income                  1,998,210                   1,899,686  NONOPERATING REVENUES (EXPENSES) Investment earnings                      130,199                       (16,767) Interest expense and fiscal charges                    (672,115)                                  ‐  Loss on sale of capital assets                (1,405,393)                                  ‐  Total nonoperating revenues (expenses)               (1,947,309)                     (16,767) Income before contributions and transfers                        50,901                   1,882,919  Capital contributions                      123,207                                   ‐  Impact and availabilty fees                        68,498                                    ‐  Transfers in                                   ‐                   1,663,639  Transfers out                    (147,200)                                  ‐  Change in net position                        95,406                   3,546,558  Total net position ‐ beginning                64,316,263                 15,462,639  Total net position ‐ ending  $            64,411,669  $            19,009,197                       231,773   $                 327,179  The accompanying notes to financial statements are an integral part of this statement. CITY OF COPPELL, TEXAS Statement of Revenues, Expenses, and Changes in Net Position Proprietary Funds For the Year Ended September 30, 2021 Business‐type  Activities Adjustment to reflect the consolidation of internal service fund  activities related to enterprise funds Changes in net position of business‐type activities CITY OF COPPELL, TEXAS 40 Statement of Cash Flows Proprietary Funds For the Year Ended September 30, 2021 Business‐type Activities ‐  Enterprise Funds Governmental Activities Water and Sewer Internal Service Funds CASH FLOWS FROM OPERATING ACTIVITIES Cash received from customers  $                   19,968,289  $                                      ‐  Cash received from City and employee contributions                                          ‐                          6,409,311  Cash paid to suppliers                      (13,726,546)                                         ‐  Cash paid to employees                        (1,495,114)                                         ‐  Cash payments for claims                                          ‐                        (3,218,361) Cash payments for contractual services and charges                                          ‐                        (1,062,263) Cash payments for Wellness Program                                          ‐                                (1,081) Net cash provided by operating activities                          4,746,629                          2,127,606  CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers from other funds                                          ‐                          1,663,639  Transfers to other funds                           (147,200)                                         ‐  Net cash provided (used) by noncapital financing activities                           (147,200)                         1,663,639  CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition and construction of capital assets                           (997,162)                          (859,385) Disposition of capital assets                               53,937                                           ‐  Principal payments on long term obligations                        (1,020,000)                                         ‐  Proceeds from certificates of obligation                          6,575,000                                           ‐  Premium from certificates of obligation                             473,965                                           ‐  Cost of issuance paid                              (49,115)                                         ‐  Interest paid                           (695,591)                                         ‐  Water and sewer impact fees collected                               68,498                                          ‐  Net cash provided (used) by capital and related financing activities                          4,409,532                            (859,385) CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from maturity of investments                       11,742,967                           8,141,618  Purchase of investments                      (12,321,838)                     (10,031,563) Interest received                             254,254                              100,697  Net cash used by investing activities                           (324,617)                       (1,789,248) Net increase in cash and cash equivalents                          8,684,344                           1,142,612  Balances ‐ beginning of year                       25,291,480                           7,502,889  Balances ‐ end of the year  $                   33,975,824  $                     8,645,501  Reconciliation of operating income to net cash provided by operating  activities: Operating Income  $                     1,998,210  $                     1,899,686  Depreciation                          2,990,684                              133,136  Changes in assets and liabilities: Provision for doubtful accounts                              (45,106)                                         ‐  (Increase) decrease in receivables                           (283,445)                              88,172  Increase (decrease) in accounts payable and accrued liabilities                               91,281                                 (1,081) Increase in unpaid claims                                          ‐                                  7,693  Decrease in inventory                               89,353                                           ‐  Decrease in deferred outflows                               92,476                                           ‐  (Decrease) in deposits                                (8,820)                                         ‐  (Decrease) in compensated absences                              (35,390)                                         ‐  (Decrease) in net pension liability                              (44,317)                                         ‐  (Decrease) in OPEB liabiliy                           (144,562)                                         ‐  Increase in deferred inflows                               46,265                                           ‐  Net cash provided by operating activities  $                     4,746,629  $                     2,127,606  Noncash investing, capital and financing activities Capital asset contributions from developers  $                         123,207  $                                      ‐  Total noncash investing, capital and financing activities  $                         123,207  $                                      ‐  CASH RECONCILIATION Actual balances ‐ end of year Cash  $                         212,417  $                         326,377  Restricted cash                               56,887                                           ‐  Investments (TexPool, TexStar, and TexasClass only)                      33,706,520                           8,319,124  Total cash and investments ‐ end of year  $                   33,975,824  $                     8,645,501  The accompanying notes to financial statements are an integral part of this statement. CITY OF COPPELL, TEXAS CITY OF COPPELL, TEXAS 41 OPEB Trust Fund        as of 12/31/20 Custodial Fund         HRA ASSETS Cash  $                                  ‐   $                     591,362  Investments      Mutual fund ‐ mixed equity and income                      2,475,898                                        ‐  Total assets                      2,475,898                           591,362  LIABILITIES Accounts payable  $                                  ‐   $                                  ‐  Total liabilities                                       ‐                                        ‐  NET POSITION Restricted for: Other post‐employment benefits                      2,475,898                                        ‐  HRA members                                       ‐                           591,362  Total net position  $                  2,475,898  $                     591,362  The accompanying notes to financial statements are an integral part of this statement. CITY OF COPPELL, TEXAS Statement of Fiduciary Net Position September 30, 2021 CITY OF COPPELL, TEXAS 42 CITY OF COPPELL, TEXAS Statement of Changes in Fiduciary Net Position For the Year Ended September 30, 2021 OPEB Trust Fund year  ended 12/31/20 Custodial Fund         HRA ADDITIONS Contributions ‐ employer  $                 2,048,805  $                     153,226  Net appreciation in fair value of investments                         218,150                                       ‐  Total additions                      2,266,955                          153,226  DEDUCTIONS Benefit payments                           48,805                          163,643  OPEB plan administrative expense                             4,681                                      ‐  Total deductions                           53,486                          163,643  Net additions (deductions)                     2,213,469                          (10,417) Net Position ‐‐ beginning                         262,429                                       ‐  Net Position ‐‐ beginning, as restated                                      ‐                          601,779  Net Position ‐‐ ending  $                 2,475,898  $                     591,362  The accompanying notes to financial statements are an integral part of this statement. CITY OF COPPELL, TEXAS 43 CITY OF COPPELL, TEXAS 44 CITY OF COPPELL, TEXAS   NOTES TO FINANCIAL STATEMENTS   SEPTEMBER 30, 2021  (1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  The City of Coppell, Texas (City) was incorporated in 1955 and adopted its present charter in 1986 under the  provision of Act 279, P.A. 1909, as amended (Home Rule City Act). The charter was amended in August 2001.  The City operates under a Council‐Manager form of government and provides the following services as  authorized by its charter: Public Safety ‐ Police and Fire, Highways and Streets, Sanitation, Health and Social  Services, Culture and Recreation, Public Improvements, Planning and Zoning and General Administrative  Services.   The accounting policies of the City conform to accounting policies generally accepted in the United States of  America (US GAAP) for local governments as prescribed by the Governmental Accounting Standards Board  (GASB). GASB is the accepted standard‐setting body for establishing governmental accounting and financial  reporting principles. The more significant accounting policies of the City are described below:  A. Reporting Entity  As required by US GAAP, these financial statements present the City and its component units, which are  controlled by the elected officials of the City and for which the City is considered to be financially  accountable. The "reporting entity" is the primary government and those component units for which the  primary government is financially accountable. (Financial accountability is defined as the appointment of a  voting majority of the component unit's board and the ability to either impose will by the primary  government or the possibility that the component government will provide a benefit or impose a financial  burden to the primary government.) A "blended component unit", although a legally separate entity, is in  substance part of the City's operations and this unit is therefore combined with data of the City. A "discretely  presented component unit" is presented in a separate column of the Government‐wide Financial  Statements to emphasize it is legally separate.  Blended Component Units   The Coppell Recreation Development Corporation (CRDC) was formed to plan, design, and construct  recreational facilities and improvements within the City using proceeds from a special 4(B) Sales Tax  approved by the voters. The Corporation is organized exclusively to act on behalf of the City for financing,  development, and operation of recreation properties. The affairs of the Corporation are managed by a  seven‐member board of directors, which is appointed by the City Council. The annual corporate budget and  issuance of debt must be approved by the City Council. Since the CRDC’s Board of Directors is appointed by  City Council, City management has operational responsibility for the CRDC, and the CRDC exclusively, or  almost exclusively, benefits the City, the CRDC is considered a blended component unit and financial  transactions are reflected in a special revenue fund, capital project fund and debt service fund.  Separate  financial statements for the CRDC are not available.  The Coppell Economic Development Foundation (CEDF) was formed to promote economic development and  business opportunities within the City by developing capital assets that are owned by the City of Coppell  using proceeds transferred from the City to the CEDF which are approved by Council.  For example, the City  owns historical buildings that the CEDF has relocated and revitalized for community use. Since the CEDF’s  Board of Directors is appointed by the City Council, its projects are intended to benefit the City, and the City  CITY OF COPPELL, TEXAS 45 Council has ultimate authority and approval of its projects and funding, the CEDF is considered a blended  component unit of the City and financial transactions are reflected in a special revenue fund. Separate  financial statements for the CEDF are not available.  B. Implementation of New Accounting Principles  The City implemented GASB Statements No. 84, No. 97, and No. 98 during fiscal year 2021.    GASB Statement No. 84, Fiduciary Activities.  The requirements of this Statement enhance consistency  and comparability by (1) establishing specific criteria for identifying activities that should be reported as  fiduciary activities and (2) clarifying whether and how business‐type activities should report their fiduciary  activities.  As a result of this implementation, a private‐purpose trust fund has been reclassified as a special  revenue fund, and an agency fund is reclassified as a custodial fund.  The beginning net position of the  custodial fund has been restated as a result of the implementation of this standard.  (See Note 15).   GASB Statement No. 97, Certain Component Unit Criteria, and Accounting and Financial Reporting for  Internal Revenue Code Section 457 Deferred Compensation Plans.  This Statement is intended to improve  consistency of financial reporting of defined contribution pension plans, defined contribution OPEB plans,  and other employee benefit plans, while mitigating the costs associated with reporting those  plans.  Implementation of this plan resulted in no changes to the financial statements.  GASB Statement No. 98, The Annual Comprehensive Financial Report.  This Statement establishes the term  annual comprehensive financial report and its acronym ACFR.  As a result of this implementation, this  report, and references to it have been changed.  Management evaluated GASB Statement No. 90, Majority Equity Interests—an amendment of GASB  Statements No. 14 and No. 61 and determined that it was not applicable to the financial statements of  the City as of September 30, 2021.  The City is currently analyzing the impact of implementing the following statements on future financial  statements of the City as these statements are not yet effective.   GASB Statement No. 87, Leases.  This Statement will increase the usefulness of financial statements by  requiring reporting of certain lease liabilities that currently are not reported.  It will enhance comparability  of financial statements among governments by requiring lessees and lessors to report leases under a  single model.  This Statement also will enhance the decision‐usefulness of the information provided to  financial statement users by requiring notes to financial statements related to the timing, significance,  and purpose of a government’s leasing arrangements.  This Statement will become effective for the City  in fiscal year 2022.    GASB Statement No. 92, Omnibus 2020.  This Statement is intended to enhance comparability in  accounting and financial reporting and to improve the consistency of authoritative literature by  addressing practice issues identified during implementation of certain GASB Statements.  This Statement  will become effective for the City in fiscal year 2022.  GASB Statement No. 93, Replacement of Interbank Offered Rates.  This Statement addresses accounting  and reporting implications resulting from the replacement of an IBOR and will become effective for the  City in fiscal year 2022.  GASB Statement No. 94, Public‐Private and Public‐Public Partnerships and Availability Payment  Arrangements.  If applicable, this Statement will become effective for the City in fiscal year 2023.  The  objective of this Statement is to improve financial reporting by addressing issues related to public‐private  and public‐public partnership arrangements.  CITY OF COPPELL, TEXAS 46 GASB Statement No. 96, Subscription‐based Information Technology Arrangements.  This Statement  provides guidance based on the guidance for leases, where relevant, for subscription‐based Information  Technology Arrangements.  This Statement will become effective for the City in fiscal year 2023.  C. Basis of Presentation  Government‐wide  The basic financial statements include both government‐wide (based on the City as a whole) and fund  financial statements.  The government‐wide financial statements (i.e., the Statement of Net Position and  the Statement of Activities) report information on all the non‐fiduciary activities of the primary  government and its component units. Government‐wide financial statements do not include fiduciary  funds. For the most part, the effect of inter‐fund activity has been removed from these statements.  Governmental activities, which normally are supported by taxes and intergovernmental revenues, are  reported separately from business‐type activities, which rely, to a significant extent on fees and charges  for support. Likewise, the primary government is reported separately from certain legally separate  component units for which the primary government is financially accountable. The focus is either the City  as a whole or major individual funds (within the fund financial statements).    The government‐wide Statement of Activities demonstrates the degree to which the direct expenses of a  functional category (Public Safety, Public Works, etc.) or segment are offset by program revenues. Direct  expenses are those that are clearly identifiable with a specific function or segment. Program revenues  include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services,  or privileges provided by a given function or segment, 2) grants and contributions that are restricted to  meeting the operational requirements of a particular function or segment and 3) grants and contributions  that are restricted to meeting the capital requirements of a particular function or segment. Taxes and  other items not properly included among program revenues are reported instead as general revenues.    The net cost of governmental and business‐type activities (by function) is normally covered by general  revenue (property, sales, franchise taxes, interest income, etc.).    Fund  Separate fund based financial statements are provided for governmental funds, proprietary funds, and  fiduciary funds, even though the latter are excluded from the government‐wide financial statements.  Major individual governmental funds and major individual enterprise funds are reported as separate  columns in the fund financial statements. The major governmental funds are the General Fund, General  Obligation Debt Service Fund, Streets Capital Projects Fund, ARPA, and Infrastructure Maintenance Special  Revenue Fund. The major enterprise fund is the Water and Sewer Fund. The non‐major funds are  combined in a separate column in the fund financial statements. The non‐major funds are detailed in the  combining section of the statements.    Internal service funds, which traditionally provide services primarily to other funds of the government,  are presented in the summary form as part of the proprietary fund financial statements. Because the  principal users of the internal services are the City’s governmental activities, financial statements of  internal service funds are consolidated into the governmental activities when presented in the  government‐wide financial statements. To the extent possible, the cost of these services is reflected in  the appropriate functional activity (Public Safety, Public Works, etc.).    The City’s fiduciary funds are presented in the fund financial statements. Since, by definition, these assets  are being held for the benefit of a third party (other local governments, individuals, etc.) and cannot be  used to address activities or obligations of the government, these funds are not incorporated into the  CITY OF COPPELL, TEXAS 47 government‐wide financial statements. The fiduciary funds of the City are an other post‐employment  benefits trust, and a custodial fund.    The government‐wide focus is more on the sustainability of the City as an entity and the change in  aggregate financial position resulting from the activities of the fiscal period. The focus of the fund financial  statements is on the major individual funds of the governmental and business‐type categories, as well as  the fiduciary funds (by category), and the component units. Each presentation provides valuable  information that can be analyzed and compared to enhance the usefulness of the information.  D. Measurement Focus and Basis of Accounting  The government‐wide financial statements are reported using the economic resources measurement  focus and the accrual basis of accounting, as are the proprietary funds. Revenues are recorded when  earned and expenses are recorded when a liability is incurred, regardless of the timing of 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. Fiduciary funds are used to report assets held in a trustee or custodial capacity for others. Custodial  funds employ the same economic resources measurement focus and the accrual basis of accounting as  the government‐wide financial statements and proprietary fund type.  The City’s trust fund for other post‐ employment benefits reports following the criteria of GASB Statements No. 74 and No. 75.   Governmental fund financial statements are reported using the current financial resources measurement  focus and the modified accrual basis of accounting. Revenues are recognized when susceptible to accrual,  that is, when they are both measurable and available. Measurable means the amount of the transaction  can be determined and available means collectible within the current period. Therefore, revenues are  considered to be available when they are collectible within the current period or soon enough thereafter  to pay liabilities of the current period. For this purpose, the government considers property tax revenues  to be available if they are collected within sixty days of the end of the current fiscal period, and sales tax  revenues to be available if they are collected within thirty days of the end of the current fiscal period.  Expenditures generally are recorded when a liability is incurred. However, debt service expenditures, as  well as expenditures related to compensated absences and claims and judgments, are recorded only when  the obligation has matured and is due and payable shortly after year end.  The revenues susceptible to accrual are ad valorem, franchise, and sales tax revenues.  Licenses and  permits, charges for services, fines and forfeitures, contributions, and miscellaneous revenues are not  susceptible to accrual because generally they are not measurable until received in cash. Investment  earnings are recorded as earned since they are measurable and available.   The City reports unavailable revenue in its governmental funds. Unavailable revenue arises when  potential revenue does not meet the “available” criteria for recognition in the current period.  Unearned  revenue arises when the City receives resources before it has a legal claim to them such as when grant  monies are received prior to the incidence of qualifying expenditures. Revenue is recognized in  subsequent periods, when the “available” recognition criteria is met or when the City has a legal claim to  the resources.  Business type activities and all proprietary funds are reported using the economic resources measurement  focus. With this measurement focus, all assets and all liabilities associated with the operation of these  funds are included on the Statement of Net Position. Proprietary fund‐type operating statements present  increases (e.g., revenues) and decreases (e.g., expenses) in net position. Proprietary funds distinguish  operating revenues and expenses from nonoperating items. Operating revenues and expenses generally  result from providing services and producing and delivering goods in connection with a proprietary fund’s  CITY OF COPPELL, TEXAS 48 principal ongoing operations. The principal operating revenues of the City’s Water and Sewer Fund are  charges to customers for sales and services. Operating expenses for the enterprise fund and internal  service funds include the cost of sales and services, administrative expenses, and depreciation on capital  assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and  expenses.  The City reports the following major funds:  1. Governmental Funds: The focus of governmental fund measurement (in the fund financial statements)  is financial position and changes in financial position (sources, uses, and balances of financial  resources) rather than net income. The following is a description of the major governmental funds of  the City:   a. General Fund is the main operating fund of the City. This fund is used to account for  all financial resources not accounted for in other funds.  All general tax revenues and  other receipts that are not restricted by law or contractual agreement to another  fund are accounted for in this fund. General operating expenditures, fixed charges,  and capital improvement costs that are not paid through other funds are paid from  the General Fund.  b. General Obligation Debt Service Fund is used to account for the accumulation of  financial resources for the payment of principal, interest and related costs on  general long‐term debt paid primarily from taxes levied by the City. The fund balance  of the General Obligation Debt Service Fund is restricted exclusively for debt service  expenditures.   c. ARPA (American Rescue Plan Act) accounts for funds received through the  Coronavirus State and Local Fiscal Recovery Funds program.  These funds, including  any interest earned, are intended for projects in compliance with statute and  regulatory requirements.  d. Streets Capital Projects Fund accounts for funds received and expended for the  construction and renovation of thoroughfares, arterial streets, and drainage  improvements in the City.  Funds are provided primarily through bond sales, paving  assessments, and interest earnings.  e. Infrastructure Maintenance Special Revenue Fund Accounts for revenues that are  restricted for future maintenance of the City’s infrastructure.  Funds are provided  through 1/4 of one percent sales tax revenue and interest earnings.  2. Proprietary Funds: The accounting objectives are the determination of operating income, changes in  net position, financial position, and cash flows. The following is a description of the major proprietary  fund of the City:  Water and Sewer Fund accounts for the operation of the City’s water and sewer utility. Activities of  the Fund include administration, operation, and maintenance of the water and sewer system and  billing and collection activities. The Fund also accounts for the accumulation of resources for, and the  payment of, long‐term debt principal and interest for bonds and obligations under capital leases when  due throughout the year. All costs are financed through charges made to utility customers with rates  reviewed regularly and adjusted if necessary to ensure integrity of the Fund.  CITY OF COPPELL, TEXAS 49 The City additionally reports the following fund types:  1. An Internal Service Fund is a type of proprietary fund used to account for the financing of goods or  services provided by one department or agency to other departments or agencies of the City, or to  other governmental units, generally on a cost reimbursement basis.  One internal service fund  reported by the City of Coppell is used to account for the self‐funded health program provided by the  City to its employees and their dependents on a subsidized cost basis.  The other internal service fund  reported by the City is used to accumulate funds and reimburse costs of capital replacement.  2. A Permanent Fund is used to report resources that are legally restricted to the extent that only  earnings, and not principal, may be used to support programs of the City.  The permanent fund  reported by the City of Coppell is used to account for the assets and earnings used to support the  operations and maintenance of the Rolling Oaks Cemetery.  3. An Other Employee Benefit Trust Fund is a type of fiduciary fund used to report resources that are  required to be held in trust for the members and beneficiaries of defined contribution plans, other  postemployment benefit plans, or other employee benefit plans. The OPEB Trust Fund is used to  report resources held in trust for the healthcare benefits of members.   4. Custodial Funds are used to account for assets held by the City in an agency capacity for individuals,  local law enforcement agencies or developers. The City has one Custodial Fund. This fund was  previously classified as an Agency Fund prior to GASB 84. The Health Reimbursement Arrangement  Fund is used to account for contributions and disbursements on behalf of members of the Health  Reimbursement Arrangement.  E.  Encumbrances  Encumbrance accounting, under which purchase orders, contracts, and other commitments for the  expenditure of monies are recorded to reserve that portion of applicable appropriations, is employed as  an extension of formal budgetary integration in the General, Special Revenue, and Debt Service Funds.    F.  Deposits and Investments  The City maintains a cash and investment pool for the purpose of increasing income through investment  activities.  Investments are recorded at fair value (based on quoted market prices), except for the positions  in the government pools, TexPool, TexStar, and Texas Class. Fair value analysis is performed monthly, and  any significant losses are evaluated.  The Legislature for the State of Texas has enacted and regularly amends the Public Funds Investment Act  (“Investment Act”) that governs items such as investment strategies and policies, training for investment  officers, quarterly reporting, and types of investments allowed.  The City has developed an Investment Policy  that is annually reviewed and approved through resolution by the City Council. This investment policy is in  compliance with the Investment Act.  Accordingly, the City is authorized to invest in (1) obligations of the  United States or its agencies and instrumentalities; (2) direct obligations of the State of Texas or its agencies  and instrumentalities; (3) obligations of state agencies, cities, and other political subdivisions of any state  rated as to investment quality by a nationally recognized investment rating firm not less than “A” or its  equivalent, and other obligations, the principal and interest of which are unconditionally guaranteed or  insured by the State of Texas, or the United States, or its instrumentalities; (4) Certificates of Deposit issued  by state or national banks and credit unions domiciled in Texas that are guaranteed or insured by the Federal  Deposit Insurance Corporation or its successor, or secured by obligations mentioned above; (5) fully  collateralized direct repurchase agreements having a defined termination date secured by obligations of the  United States or its agencies and instrumentalities; (6) no‐load money market mutual funds, regulated by  CITY OF COPPELL, TEXAS 50 the Securities and Exchange Commission (SEC), with a dollar‐weighted average stated maturity of 90 days  or fewer, and includes in its investment objectives the maintenance of a stable net asset value of $1 for each  share (7) no‐load mutual funds that are registered with the SEC, having an average weighted maturity of less  than two years and are invested or secured in obligations described above and the fund must maintain a  rating of AAA or its equivalent by at least one nationally recognized rating firm.  The City is not authorized  by its investment policy to invest in banker’s acceptances, “bond” mutual funds, collateralized mortgage  obligations of any type, or commercial paper.   Investment activities are conducted through the depository bank.  The City’s safekeeping agent holds all  securities in the City’s name.  For the year ended September 30, 2021, the City invested in Treasury Notes, Federal Home Loan Bank,  TexPool, TexStar, and Texas CLASS. The City records all interest revenue related to investment activities in  the respective funds.  TexPool, TexStar, and Texas CLASS are external investment pools that were created to conform to the  Interlocal Cooperation Act, Chapter 791 of the Texas Government Code, and the Public Funds Investment  Act, Chapter 2256 of the Texas Government Code. As local government investment funds, Texas CLASS,  TexStar and TexPool seek to maintain stable net asset value (NAV) of $1.00 per unit.  TexPool and TexStar  use amortized cost to value portfolio assets and follow the criteria for GASB Statement No. 79 for use of  amortized cost, and Texas CLASS uses NAV to value portfolio assets.   The State Comptroller of Public Accounts (the Comptroller) is the sole officer, director, and shareholder of  the Texas Treasury Safekeeping Trust Company (“Trust Company”), which is authorized to operate TexPool.   Pursuant to the TexPool participation agreement, administrative and investment services to TexPool are  provided by Federated Investors.  The Comptroller maintains oversight of the services provided by TexPool.   The TexPool Advisory Board, composed equally of participants in TexPool and other persons who do not  have a business relationship with TexPool, acts as advisor on TexPool Investment Policy.  J.P. Morgan Investment Management Inc. (JPMIM) and First Southwest, a Division of Hilltop Securities   (FirstSouthwest) serve as co‐administrators for TexStar under an agreement with the TexStar Board of  Directors (the “Board”).  The Board manages the business and affairs of TexStar in accordance with its  bylaws.  Public Trust Advisors, LLC is the Program Administrator of Texas CLASS, and UMB Bank, N.A. is Custodian.  It  is supervised by a seven‐member Board of Trustees who are elected by the participants at its annual  meeting.  The Board supervises the Trust and its affairs and acts as the liaison between the participants, the  custodian, and the program administrator.  It also has an appointed five‐member advisory board to provide  advice about investment policy and strategy.  G.  Cash and Cash Equivalents  Cash includes cash on hand, demand deposits, and escrow cash with fiscal agent. For purposes of the  Statement of Cash Flows, the City also considers all highly liquid investments with a maturity of three months  or less when purchased to be cash equivalents; this includes investments in TexPool, TexStar, and Texas  CLASS. All cash and investments in TexPool, TexStar, and Texas CLASS of the proprietary funds are pooled  with the City's pooled cash and investments and are therefore considered cash equivalents.  H.  Unbilled Services Receivable  Utility services revenue is recorded when earned.  Customers are billed monthly. The estimated value of  services provided, but unbilled at year‐end, has been included in the accompanying financial statements.  CITY OF COPPELL, TEXAS 51 I. Inventory and Prepaid Items  Inventory is valued at cost using the first in, first out method. Inventory in the Water and Sewer Fund consists  of expendable supplies held for future consumption or capitalization. The cost is recorded as an expense in  the period that inventory items are consumed.  Prepaid items are for payments made by the City in the current year to provide services occurring in the  subsequent fiscal year and are accounted for using the consumption method. A non‐spendable fund  balance for prepaid items is recognized in the governmental funds financial statements to signify that a  portion of fund balance is not available for other subsequent expenditures according to GASB Statement  No. 54.  J.  Restricted Assets  Restricted cash and investments on the Proprietary Statement of Net Position are restricted in the Water  and Sewer Fund for customer deposits and the repayment of outstanding bonds.   K. Interfund Transactions and Receivables and Payables  Transactions between funds that are representative of lending/borrowing arrangements outstanding at  the end of the fiscal year are referred to as either “due to/from other funds” (the current portion of  interfund loans) or “advances to/from other funds” (the non‐current portion of interfund loans).  Any  residual balances outstanding between governmental activities and business‐type activities are reported  in the government‐wide financial statements as “internal balances.”  All legally authorized transfers are appropriately treated as transfers and are included in the results of  operations of both governmental and proprietary funds. Nonrecurring or nonroutine transfers of equity  between funds ‐ for example, contribution of capital assets to a proprietary fund or transfers of residual  balances of discontinued funds to other funds ‐ are accounted for as transfers.  Salaries, wages, and related payroll costs of personnel who perform administrative services for the Water  and Sewer Fund and Recreation Development Corporation are paid through the General Fund. The City has  recorded expenses for these administrative costs in the Water and Sewer Fund and Recreation Development  Corporation Special Revenue Fund and recognized corresponding revenue in the General Fund.   L. Capital Assets  Property, plant, and equipment purchased or acquired is carried at historical cost or estimated historical  cost.  Contributed capital assets are recorded at acquisition cost at the time received.  Capital assets are  defined by the government as assets with an initial, individual cost of more than $15,000 except for land,  and an estimated useful life in excess of one year.  Land is a capital asset without regard to value.  CITY OF COPPELL, TEXAS 52 Property, plant, and equipment of the primary government, as well as the component units, are  depreciated using the straight‐line method over the following estimated useful lives:     Capital Asset Classification  Building and Improvements  Water and Sewer System  HVAC Systems  Vehicles, Machinery and Equipment  Furniture and fixtures  Drainage improvements  Streets  Parks  Useful Life in Years  50  40  20  3 to 7  5  40  25  50  M.  Deferred Outflows/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 of resources,  represents a consumption of net position that applies to a future period(s) and so will not be recognized  as an outflow of resources (expense/expenditure) until then. The government has reported the deferred  charge on refunding as a deferred outflow of resources in the government‐wide statement of net position.  A deferred charge on refunding results from the difference in the carrying value of refunded debt and its  reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or  refunding debt.  Deferred outflows of resources related to the net pension liability are reported and  amortized according to GASB Statement No. 68.  Deferred outflows of resources related to the other post‐ employment benefits liabilities are reported and amortized according to GASB Statement No. 75.  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. The government has reported pension‐related items  and OPEB‐related items as deferred inflows of resources in the government‐wide statement of net  position. Deferred inflows of resources related to the net pension liability are amortized according to  GASB Statement No. 68, and deferred inflows of resources related to the other post‐employment benefits  liabilities are amortized according to GASB Statement No. 75.  N. Compensated Absences  City employees are granted vacation and sick leave in varying amounts. Upon termination, an employee  is reimbursed for accumulated vacation. Accumulated vacation is accrued when incurred in the  government‐wide and proprietary fund financial statements. A liability for these amounts is reported in  governmental funds only if they have matured, for example, as a result of employee resignations or  retirements.  O.  Other Post‐Employment Benefits  The City provides post‐employment healthcare benefits to all employees who retire from the City.  All  employees who are vested in the City’s pension plan, Texas Municipal Retirement System, are eligible for  these benefits with 20 years or more of service, regardless of age, or at age 60 and above.  Coverage is  CITY OF COPPELL, TEXAS 53 also available to dependents and/or surviving spouses of retirees. Retirees are responsible for paying the  full premium for healthcare benefits as the City does not directly subsidize retiree premiums. (See Note  13).    P.  Property Tax  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 property taxes attach as an enforceable lien on  property as of January 1.  Appraised values are established by the central appraisal districts at 100% of  estimated market value and certified by the Appraisal Review Board.  The assessed value for the tax roll on  January 1, 2020, upon which the original fiscal year 2021 levy was based, was $7,750,859,993.  Subsequent  adjustments increased this value to $8,506,327,898.  Taxes are due October 1 and become delinquent after the following January 31.  Penalties and interest are  charged at 7% on delinquent taxes beginning February 1 and increase each month to 18% on July 1.  Property  taxes at the fund level are recorded as receivables and unavailable revenues at the time the tax levy is  billed.  Current year revenues recognized are those ad valorem taxes collected within the current period  or soon enough thereafter to pay current liabilities, generally sixty (60) days after year‐end. Current tax  collections for the year ended September 30, 2021, were 99.75% of the tax levy.  The statutes of the State of Texas do not prescribe a legal debt limit. However, Article XI, Section 5 of the  Texas Constitution applicable to cities with a population of more than 5,000 limits the ad valorem tax rate  to $2.50 per $100 assessed valuation.  For the year ended September 30, 2021, the City had a tax margin of  $1.920 per $100 assessed valuation based upon the maximum rates prescribed by law.  In Texas, countywide central appraisal districts are required to assess all property within the appraisal district  based on 100% of its appraised value and are prohibited from applying any assessment ratios.  The value of  property within the appraisal district must be reviewed every three years; however, reviews of appraised  values may be conducted more frequently.  The City may challenge appraised values established by the  appraisal district through various appeals, and if necessary, legal action.  Under this system, the City sets tax  rates on City property.  However, if the no‐new revenue rate (previously known as effective tax rate),  excluding tax rates for bonds and other contractual obligations, adjusted for new improvements, generates  property tax revenue that exceeds the previous year by more than 3.5%, the City is required to hold an  automatic election to obtain voter approval of the adopted tax rate.  Q. Tax Incentives  The City enters into economic development agreements authorized under Chapter 312 of the Texas Tax  Code and Chapter 380 of the Texas Local Government Code which abate or rebate property and/or sales  taxes.  These agreements are designed to stimulate economic activity, redevelopment, community  improvement, and provide a return on investment for the community.  Economic development  agreements are considered on a case‐by‐case basis and generally contain recapture provisions which may  require repayment or termination if recipients do not meet the required provisions of the agreements.    Chapter 312 of the Texas Tax Code allows the City to negotiate abatement agreements with applicants.   These abatement agreements authorize the appraisal districts to reduce the taxable value of the  taxpayer’s property by a percentage specified in the agreement, and the taxpayer pays taxes on the lower  value during the term of the agreement.  Compliance is evaluated annually.  The reduction in revenue for  property taxes abated for the fiscal year ending September 30, 2021 totaled $1,528,074.  Chapter 380 of the Texas Local Government Code allows the City to provide grants for the purpose of  promoting local economic development.  These grants are based on a percentage of property and/or sales  CITY OF COPPELL, TEXAS 54 tax received by the City.  The reduction in revenue due to property tax and sales taxes rebated or accrued  for rebate applicable to the fiscal year ending September 30, 2021 totaled $950,084 and $1,528,074  respectively.  R. Federal and State Grants  Federal grants consisted of $1,718,666, $838,255, $840,855, and $1,127 revenue recognized for the  Coronavirus Relief Fund, American Rescue Plan Act, SAFER (Staffing for Adequate Fire and Emergency  Response), and LSTA (Library Services and Technology Act) Grants to State Program.  State grants  consisted of $63,869 and $11,946 recognized for the TIFMAS (Texas Intrastate Fire Mutual Aid System)  and NCTTRAC (North Central Texas Trauma Regional Advisory Council) revenues. These grants are  reported in the General Fund, with the exception of the ARPA grant that is reported in a Special Revenue  fund.    S. Long‐Term Debt  General obligation bonds issued for general government capital projects that are to be repaid from tax  revenues of the City are recorded in the government‐wide Statement of Net Position. Bonds issued for  Proprietary Fund assets that are to be repaid by the Proprietary Fund are recorded in the Proprietary Fund.  Bond premiums and discounts are deferred and amortized over the life of the related debt issues in the  government‐wide financial statements and the Proprietary Fund. Bonds payable are reported net of the  applicable bond premium or discount. Bond issuance costs are expended when incurred. In the  governmental fund financial statements, debt issuance costs are expended when incurred, while bond  premiums and discounts are recorded as other financing sources and uses, respectively.  T. Net Position  Net position represents the difference between assets plus deferred outflows of resources and liabilities  plus deferred inflows of resources.  Net investment in capital assets consists of capital assets, net of  accumulated depreciation, reduced by the outstanding balance of any debt used for the acquisition,  construction or improvements of those assets, net of debt related to any unspent proceeds.  U. Fund Balance  Stabilization Arrangement  The City Charter, as amended November 1995, created a stabilization arrangement of not less than ten  percent of the proposed expenditures for the major operating funds. The major operating fund of the City  is the General Fund. The City Charter may only be changed through an election, and therefore, the  stabilization amount may not be spent without an election. The stabilization arrangement amount of  $7,003,073 is classified as committed fund balance in the General Fund.  Minimum Fund Balance Policy  It is the desire of the City to maintain adequate fund balance in the General Fund for liquidity and in  anticipation of economic downturns or natural disasters. In addition to the stabilization arrangement  established through the City Charter, the City Council has adopted a funding policy to maintain a fund  balance in the General Fund of ten percent of the next year’s budgeted expenditures plus 60 days of  expenditures, which is estimated to be 15 percent of the next year’s budgeted expenditures. If fund balance  falls below the minimum target level because it has been used, essentially as a “revenue” source, as  dictated by current circumstances, the policy provides for actions to replenish the amount to the  minimum target level. Generally, replenishment is to occur within a two‐year period. The stabilization  CITY OF COPPELL, TEXAS 55 arrangement and the funding policy create a minimum fund balance of 25 percent of the next year’s  budgeted expenditures.   V. Retirement Plan  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  contributions 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.  W. Use of Estimates  The preparation of financial statements in conformity with US GAAP requires management to make  estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of  contingent assets and liabilities at the date of the financial statements and the reported amounts of  revenues, expenditures, and expenses during the reporting period. Actual results could differ from those  estimates.  (2) STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY  A.  Budgetary Data  The City Charter contains the following requirements, which are adhered to by the City Council, regarding  preparation of the annual budget:  • The City Manager, between 60 and 90 days prior to October 1st of each fiscal year, shall submit to the  City Council a proposed budget. Such budget shall provide a complete financial plan for the fiscal year.  • The City Manager submits the proposed budget to the City Council by August 5th of each year.  City  Management shall fix the time and place of a public hearing on the budget and shall cause to be published  in the official newspaper of the City of Coppell, a notice of the hearing setting forth the time and place  thereof at least eleven days before the date of such hearing.  • The budget shall be finally adopted no later than 15 days prior to the beginning of the fiscal year and  should the City Council fail to so adopt a budget, the then existing budget together with its tax‐levying  ordinance and its appropriation ordinance, shall be deemed adopted for the ensuing fiscal year.  The City Council approves annual appropriations for operations and interfund transfers for the general  fund, debt service funds, special revenue funds, and the permanent fund. The City Manager has the  authority to transfer unexpended balances between departmental budgets within appropriated funds.  The City Council, however, must approve any increase in fund appropriations. The legal level of budgetary  control is the fund level. During the year, appropriations are adjusted as a result of re‐estimates by the  departments. For budgetary purposes, unencumbered appropriations lapse at fiscal year‐end. (See  Encumbrances, discussed previously, regarding encumbered appropriations.)  The Budgetary Comparison Schedules present a comparison of budgetary data to actual results of  operations for the General Fund. The same basis of accounting, accounting principles generally accepted  in the United States of America (GAAP), is used for both budgetary purposes and actual results.  CITY OF COPPELL, TEXAS 56 B.  Supplemental Appropriations  The City Council made several supplemental appropriations throughout the year. Supplemental  appropriations totaled $6,254,570 in the General Fund, $7,025,837 in the Special Revenue Funds, and  $172,303 in the Enterprise Fund for 2021. Included in the General Fund supplemental appropriation was  funding to cover encumbrance carryovers, additional CIP expenditures, overtime payments due to the  COVID‐19 pandemic, special projects in relation to community development, joint election costs,  miscellaneous town hall renovations, purchase of new park trash cans, and grant funding.  The Special  Revenue Funds supplemental appropriations included funding to cover encumbrance carryovers,  purchase of Police fleet vehicles, CRDC‐approved parks and trails projects, drainage improvements,  cemetery maintenance and installation of memorial items, purchase of body cameras, and costs  associated with the Airport Drive reconstruction project. The Enterprise Fund supplemental appropriation  included funding to cover encumbrance carryovers and the reconstruction costs for Southwestern  Boulevard.   C.  Fund Deficits  The Cemetery Fund, a nonmajor capital project fund, had a $1,943,868 deficit fund balance at September  30, 2021.  It is planned to recoup the deficit from future sales of mausoleum spaces recorded in the Rolling  Oaks Cemetery Fund, a nonmajor special revenue fund.  D.  Excess of Expenditures over Appropriations   The ARPA fund had expenditures greater than budgeted by $3,255.  This is a new fund for revenues and  expenditures of grant money received from the American Rescue Plan Act.    The Coppell Arts Center Fund had expenditures greater than budgeted for a total of $20,500. In early fiscal  year 2020, prior to the final fiscal year 2021 City budget, it was expected that a foundation would be  organized as a blended component unit of the City.  With this, revenues collected by the City in fiscal year  2020 that were denoted as donations for the foundation were recorded in this fund.  When the Coppell Arts  Center Foundation was organized in fiscal year 2021, it did not meet the requirements of a component unit  and the balance of the fund was remitted to them, leading to a zero remaining fund balance and what  appears to be a loss and a negative budget variance for September 30, 2021.   E.  Bond Requirements  The management of the City believes that it and its component units have complied with all significant bond  requirements and restrictions as of September 30, 2021.   (3) DEPOSITS AND INVESTMENTS   Deposits – The City maintained the following deposit balances at September 30, 2021:     Primary Government  Financial  Institution    Bank Balance    Book Balance  Frost Bank             $5,599,133          $5,013,817  Petty Cash                             ‐                    6,417                $5,599,133          $5,020,234    Investments – The City categorizes its fair value measurements within the fair value hierarchy established  CITY OF COPPELL, TEXAS 57 by generally accepted accounting principles. The City’s investments in U.S. Treasury Notes are classified in  Level 1 of the fair value hierarchy which are valued using prices quoted in active markets for identical  securities.  The City’s investments in U.S. Agency securities are classified in Level 2 of the fair value  hierarchy which are valued using a matrix pricing technique. Matrix pricing is used to value securities  based on the securities’ relationship to benchmark quoted prices. The City has no Level 3 investments  which are valued using significant unobservable inputs.   As of September 30, 2021, the City had the following investments:    Credit Risk – Investments.  The City’s investment policy requires that joint investment pools maintain a  continuous rating no lower than AAA or AAA‐M by at least one nationally recognized rating agency and that  obligations of states, agencies, cities, or other political subdivisions of any state be rated no less than A or  an equivalent rating by at least one nationally recognized rating agency. The City’s investment policy has no  other restrictions relating to credit ratings that would limit its investment options. As of September 30, 2021,  Moody’s has rated investments in FHLB as Aaa, and Standard & Poor’s has rated investments in TexPool,  TexSTAR, and Texas CLASS as AAA‐m.  Custodial Credit Risk – Deposits.  For deposits, custodial credit risk is the risk that in the event of a bank  failure, the City’s deposits may not be returned to it.  The City’s investment policy follows state statutes,  which requires that all deposits in financial institutions be fully collateralized or insured.  For investments,  custodial credit risk is the risk that in the event of the failure of a counterparty, the City will not be able to  recover the value of its investments or collateral securities that are in the possession of an outside party.   The City’s investment policy requires that all investments held by outside parties for safekeeping be held in  the name of the City.  The City was not exposed to any custodial credit risk at September 30, 2021.  Interest Rate Risk – Investments. In accordance with its investment policy, the City manages its exposure to  declines in fair values by limiting the weighted average maturity of its investment portfolio to one year or  less under normal market conditions, and the maximum final stated maturity of any investment shall not  exceed five years.  Investments in TexPool, TexSTAR, and Texas CLASS are exempted from SEC registration  and the requirements of Rule 2a‐7 pertaining to registered money market funds; however, consistent with  Rule 2a‐7, they seek to maintain stable net asset value of $1.00 per unit and are not subject to interest rate  risk.  Primary Government Investments by fair value  level September 30,  2021 Fair Value  Level  1 Fair Value  Level 2 Weighted Average   Maturity (in days) Treasury Notes $ 78,943,970         $ 78,943,970      $‐                     350 Federal Home  Loan Bank Notes 20,068,880         20,068,880      353 Total  investments by fair value level $ 99,012,850         $ 78,943,970      $ 20,068,880       Portfolio Weighted Average Maturity 351 Total  Investments at NAV/amortized cost TexPool $ 56,566,173         37 TexSTAR 56,474,380         39 Texas C LASS 54,953,790         53 Total  investments at NAV/amortized cost 167,994,343       Total  Investments $ 267,007,193       CITY OF COPPELL, TEXAS 58 Concentration of Credit Risk – Investments. The City’s investment policy states that investments in local  government investment pools shall be limited to seventy‐five percent (75%) of the City’s entire cash in  bank and investment portfolio, with no more than twenty‐five percent (25%) of the entire portfolio  invested in any one authorized pool.  In addition, investments in mutual funds shall be limited to 10% of  the City’s monthly fund balance, excluding bond proceeds and reserves and other funds held for debt  service. At September 30, 2021, the City’s investments are in Treasury Notes, Federal Home Loan Bank,  TexSTAR, TexPool, and Texas CLASS. These investments are 30%, 8%, 21%, 21% and 20% respectively, of  the City’s total investments.  (4)  CAPITAL ASSETS  Capital asset activity for the year ended September 30, 2021 is summarized below:         Governmental  activities  Balance     October 1, 2020 Additions Transfers Retirements  Balance  September 30,  2021  Capital  assets not being  depreciated: Land 40,104,882$      ‐$                     351,052$         (29,321)$        40,426,613$      Construction  in Progress 41,287,062       17,881,805    (43,884,890)     ‐                       15,283,977         Total  capital  assets, not  being depreciated 81,391,944       17,881,805    (43,533,838)    (29,321)          55,710,590         Capital  assets being  depreciated: Building & Improvements 80,416,668       1,271,862      38,579,723      ‐                       120,268,253      Parks  & Improvements 71,320,419       ‐                       2,177,369        ‐                       73,497,788         Streets  & Improvements 309,484,254     139,765          932,926           ‐                       310,556,945      Vehicles, Machinery &  Equipment 54,710,571       2,317,312      1,843,820        (924,167)        57,947,536         Total  capital assets, being  depreciated 515,931,912     3,728,939      43,533,838     (924,167)        562,270,522      Less  accumulated  depreciation for: Building & Improvements (20,688,845)      (2,125,546)     ‐                         ‐                       (22,814,391)       Parks  & Improvements (16,029,257)      (1,439,002)     ‐                         ‐                       (17,468,259)       Streets  & Improvements (194,066,765)   (8,089,244)     ‐                         ‐                       (202,156,009)     Vehicles, Machinery &  Equipment (47,862,502)      (3,497,890)     ‐                         924,167         (50,436,225)       Total  accumulated  depreciation (278,647,369)   (15,151,682)   ‐                         924,167         (292,874,884)     Total  capital assets being  depreciated, net 237,284,543     (11,422,743)   43,533,838     ‐                       269,395,638      Governmental  activities   capital  assets, net 318,676,487$  6,459,062$    ‐$                      (29,321)$        325,106,228$    CITY OF COPPELL, TEXAS 59      Depreciation expense was charged to functions/programs of the primary government as follows:  Governmental activities:       General government     $    722,222      Public Safety         2,989,120      Public Works        8,277,549      Culture and Recreation        3,162,791  Total depreciation expense – governmental activities    $15,151,682     Business‐type activities:       Water and Sewer   $   2,990,684  Total depreciation expense – business‐type activities   $   2,990,684             Business‐type Activities ‐ Water and Sewer  Fund  Balance       October 1, 2020 Additions Transfers Retirements  Balance  September 30,  2021  Capital  assets not being  depreciated: Land 844,572$               ‐$                      ‐$                     ‐$                     844,572$            Construction in Progress 496,895                 634,248           (258,230)         ‐                        872,913              Total  capital  assets, not  being depreciated 1,341,467              634,248           (258,230)         ‐                        1,717,485           Capital  assets being  depreciated: Water & Sewer System 109,402,745         307,705           258,230          (2,195,769)     107,772,911      Buildings & Improvements 1,478,858              ‐                        ‐                        ‐                        1,478,858           Vehicles, Machinery &  Equipment 4,501,308              185,367           ‐                        (162,458)         4,524,217           Total  capital  assets, being  depreciated 115,382,911         493,072           258,230          (2,358,227)     113,775,986      Less  accumulated  depreciation for: Water & Sewer System (60,557,187)          (2,602,833)      ‐                        736,439          (62,423,581)       Buildings & Improvements (506,889)                (29,576)            ‐                        ‐                        (536,465)             Vehicles, Machinery &  Equipment (3,169,479)             (358,275)         ‐                        162,458          (3,365,296)         Total  accumulated  depreciation (64,233,555)          (2,990,684)      ‐                        898,897          (66,325,342)       Total  capital  assets being  depreciated, net 51,149,356            (2,497,612)      258,230          (1,459,330)     47,450,644        Business‐type activities   capital  assets, net 52,490,823$         (1,863,364)$    ‐$                     (1,459,330)$   49,168,129$      CITY OF COPPELL, TEXAS 60   (5) LONG‐TERM DEBT AND LIABILITIES  General Obligation Debt  General obligation debt provides funds for the acquisition and construction of major capital equipment,  facilities, and infrastructure. The general obligation debt consists of general obligation bonds, notes and certificates of obligation that are serial debt collateralized by the full faith and credit of the City, and payable  from property taxes and other revenues. General obligation bonds require the City to compute, at the time  other property taxes are levied, the rate of tax required to provide (in each year bonds are outstanding)  funds to pay interest and principal at maturity. The debt matures annually in varying amounts through 2041,  and interest is payable semi‐annually.   Governmental Activities  A summary of activity of the general obligation debt reported in governmental activities for the year ended  September 30, 2021 is as follows:    General obligation debt at September 30, 2021, is comprised of the following issues:      Outstanding ‐October 1, 2020 90,095,000$        Issued 23,200,000          Retirements (6,655,000)           Defeased (9,145,000)           Premium 7,058,223             Outstanding ‐September 30, 2021 104,553,223$      Bonds Interest  Rate % Issue  Date Maturity  Date Issued Amount Outstanding  September  30, 2021 GO Refunding  Bonds 3.00‐5.00 2013 2024 7,660,000          2,690,000       Certificate  of Obligation 3.00‐5.00 2013 2033 9,095,000          6,430,000       GO Refunding  Bonds 2.00‐4.00 2015 2028 18,675,000        11,590,000     GO Refunding  Bonds 2.00‐3.00 2016 2027 4,405,000          2,525,000       Certificate  of Obligation 2.00‐4.00 2016 2036 11,800,000        8,545,000       Certificate  of Obligation 3.25‐5.00 2018 2038 16,705,000        15,050,000     Certificate  of Obligation 3.25‐5.00 2018 2038 14,850,000        13,385,000     Certificate  of Obligation 1.00‐4.00 2020 2040 14,650,000        14,080,000     GO R efunding  Bonds 0.50‐1.00 2021 2031 8,165,000          8,165,000       Certificate  of Obligation 1.50‐2.00 2021 2041 15,035,000        15,035,000     97,495,000$   CITY OF COPPELL, TEXAS 61 Aggregate maturities of the general long‐term debt (principal and interest) for the years subsequent to 2021 are  as follows:    Proceeds of general obligation bonds are recorded in the Capital Projects Funds and are restricted to the  use for which they were approved in the bond elections.  Certificates of obligation and note proceeds  are recorded in the appropriate fund to account for the use of the funds for which the debt was issued.   The City Charter expressly prohibits the use of bond proceeds to fund operating expenditures. The City  currently has no authorized but unissued general obligation debt.  The City intends to retire all its governmental activities general obligation debt, plus interest, from ad  valorem taxes and other current revenues.    Defeased Bonds  On April 27, 2021 the City issued $8,165,000 in general obligation refunding bonds with interest rates  between 2.00% and 4.00%. The City issued the bonds to refund $9,145,000 of outstanding series 2011  certificate of obligation bonds and general obligation refunding and improvement bonds with interest rates  ranging from 2.00% to 4.25%. As a result of the refunding, the City obtained an economic gain (difference  between present value of the debt service payments on the old and new debt) of $170,750.  Water and Sewer Fund  A summary of Water and Sewer general obligation bond activity for the year ended September 30, 2021 is  as follows:  Outstanding ‐October 1, 2020    $   21,465,000   Issued           6,575,000     Retirements         (1,020,000)   Premium           2,047,862   Outstanding ‐September 30, 2021    $   29,067,862   Fiscal Year Principal  Requirements Interest  Requirements Total  Requirements 2022 7,200,000$    3,419,986$    10,619,986$     2023 7,060,000      3,167,936       10,227,936       2024 7,255,000      2,801,425       10,056,425       2025 6,455,000      2,514,575       8,969,575          2026 6,615,000      2,255,275       8,870,275          2027‐2031 27,840,000    7,671,638       35,511,638       2032‐2036 22,640,000    3,249,046       25,889,046       2037‐2041 12,430,000    517,947          12,947,947       97,495,000$ 25,597,828$  123,092,828$   CITY OF COPPELL, TEXAS 62 Water & Sewer bonds payable at September 30, 2021 is comprised of the following issues:    Aggregate maturities of the Water and Sewer GO Refunding bonds (principal and interest) for the years  subsequent to September 30, 2021 are as follows:    Sales Tax Bonds  The Sales Tax Revenue Bonds are payable from the gross proceeds of the 1/2 of 1% Sales and Use Tax  (Section 4B) levied for the benefit of the Coppell Recreation Development Corporation.  A summary of Sales Tax Revenue Bond activity for the year ended September 30, 2021 is as follows:  Outstanding ‐October 1, 2020    $27,300,000     Retirements      (1,085,000)    Premiums         1,874,537   Outstanding ‐September 30, 2021    $28,089,537   Sales Tax Revenue Bonds payable at September 30, 2021 is comprised of the following issue:       Bonds Interest  Rate % Issue  Date Maturity  Date Issued Amount Outstanding   September  30, 2021 Water  & Sewer Certificate of Obligation 3.25‐5.00 2018 2038 10,850,000    9,160,000                  Water  & Sewer Certificate of Obligation 1.00‐4.00 2020 2040 11,740,000    11,285,000                Water & Sewer Certificate of Obligation 1.00‐4.00 2021 2041 6,575,000       6,575,000                  27,020,000$             Fiscal Year Principal Interest Total 2022 1,220,000$      887,752$     2,107,752$        2023 1,290,000        799,556        2,089,556          2024 1,320,000        741,481        2,061,481          2025 1,360,000        681,932        2,041,932          2026 1,405,000        620,581        2,025,581          2027‐2031 7,685,000        2,129,606    9,814,606          2032‐2036 7,315,000        941,050        8,256,050          2037‐2041 5,425,000        225,891        5,650,891          27,020,000$   7,027,849$  34,047,849$      Bonds Interest  Rate % Issue  Date Maturity  Date Issued Amount Outstanding  September  30, 2021 Sales Tax Revenue Bonds 3.25 ‐ 5.00 2014 2038 31,730,000$  26,215,000$               CITY OF COPPELL, TEXAS 63 Debt service requirements of the Sales Tax Revenue Bonds (principal and interest) for the years subsequent  to September 30, 2021 are as follows:     Changes in Long‐term Liabilities  Long‐term liability activity for the year ended September 30, 2021, was as follows:    Within the governmental activities, compensated absences, net pension liability, and other post‐ employment benefits liability are generally liquidated by the General Fund.    Fiscal Year Principal Interest Total 2022 1,140,000$    1,101,718$    2,241,718$     2023 1,200,000       1,044,719       2,244,719        2024 1,260,000       984,719          2,244,719        2025 1,320,000       921,719          2,241,719        2026 1,385,000       855,719          2,240,719        2027 ‐ 2031 8,015,000       3,196,581       11,211,581     2032 ‐ 2036 9,640,000       1,576,306       11,216,306     2037 ‐ 2038 2,255,000       94,200             2,349,200        26,215,000$  9,775,681$    35,990,681$    Beginning  Balance  Additions  Reductions  Ending  Balance   Due Within One  Year  Governmental Activities: Bonds payable: General obligation bonds 90,095,000$         23,200,000$         (15,800,000)$        97,495,000$         7,200,000$             Sales tax bonds 27,300,000             ‐                                (1,085,000)             26,215,000            1,140,000               Deferred amounts: Premiums 7,493,759              2,132,964              (693,963)                8,932,760              693,963                   Total bonds payable 124,888,759         25,332,964            (17,578,963)          132,642,760         9,033,963               Compensated absences 3,727,767              1,895,719              (2,013,654)             3,609,832              1,335,968               Net pension liability 16,815,893             ‐                                (986,316)                15,829,577             ‐                                 Other post ‐employment benefits obligation 3,160,466              281,874                  (3,028,541)             413,799                  ‐                                 Total governmental activities 148,592,885         27,510,557            (23,607,474)          152,495,968         10,369,931             Business‐type Activities: Bonds payable: General obligation bonds 21,465,000            6,575,000              (1,020,000)             27,020,000            1,220,000               Premiums 1,706,910              473,965                  (133,013)                2,047,862              133,013                   Total bonds payable 23,171,910            7,048,965              (1,153,013)             29,067,862            1,353,013               Compensated absences 112,718                  29,888                    (65,278)                   77,328                    59,371                     Net pension liability 755,573                   ‐                                (44,317)                   711,256                   ‐                                 Other post ‐employment benefits obligation 166,341                  14,835                    (159,397)                21,779                    ‐                                 Total business‐type acivities 24,206,542            7,093,688              (1,422,005)             29,878,225            1,412,384               Total government 172,799,427$       34,604,245$         (25,029,479)$        182,374,193$       11,782,315$          CITY OF COPPELL, TEXAS 64  (6) COMPENSATED ABSENCES  Vacation leave is earned in varying amounts up to a maximum of twenty‐four (24) days for employees with  19 or more years of service.  Unused vacation leave is carried forward from one year to the next, up to a  maximum of forty‐eight (48) days, depending on years of service.  As of September 30, 2021, the amount  expected to be due within one year for Governmental Activities is $1,335,968.  The amount expected to be  due within one year for Business‐type Activities is $59,371.   A summary of the activity for the year is as follows:     Business‐type  Activities    Governmental  Activities      Total  Balance – Beginning of year $  112,718 $  3,727,767 $  3,840,485  Additions        29,888      1,895,719      1,925,607  Reductions      (65,278)     (2,013,654)     (2,078,932)  Balance – End of Year $    77,328 $  3,609,832 $  3,687,160  (7) FUND BALANCE FLOW ASSUMPTIONS  Sometimes the City will fund outlays for a particular purpose from both restricted and unrestricted resources  (the total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report  as restricted, committed, assigned, and unassigned fund balance in the governmental fund financial  statements a flow assumption must be made about the order in which the resources are considered to be  applied. It is the City’s policy to consider restricted fund balance to have been depleted before using any of  the components of unrestricted fund balance. Further, when the components of unrestricted fund balance  can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund  balance. Unassigned fund balance is applied last.  When both restricted and unrestricted resources are available for use in governmental activities or  proprietary funds, it is the City’s policy to use restricted resources first, then unrestricted resources, as  they are needed.  (8) FUND BALANCES  According to GASB Statement No. 54, the fund balance is classified depending on the relative strength of the  spending constraints placed on the purposes for which resources can be used as follows:  Nonspendable fund balance‐ amounts that cannot be spent because they are either (1) not in  spendable form or (2) legally or contractually required to be maintained intact.  Restricted fund balance‐ amounts constrained to specific purposes externally imposed by creditors  (such as through debt covenants), grantor and contributors, or laws, or regulations of other  governments, or through constitutional provisions, or by enabling legislation.  Committed fund balance‐ amounts that can only be used for specific purposes, pursuant to constraints  imposed by formal action of the government’s highest level of decision‐making authority. The City  Council is the highest level of decision‐making authority for the City that can, by adoption of an  ordinance prior to the end of the fiscal year, commit fund balance. Once adopted, the limitation  imposed by the ordinance remains in place until a similar action is taken (the adoption of another  ordinance) to remove or revise the limitation.  CITY OF COPPELL, TEXAS 65 Assigned fund balance‐amounts in the assigned fund balance classification are intended to be used by  the government for specific purposes but do not meet the criteria to be classified as committed. The  City Council has by resolution authorized the Finance Director to assign fund balance. The City Council  may also assign fund balance as it does when appropriating fund balance to cover a gap between  estimated revenue and appropriations in the subsequent year’s appropriated budget. Unlike  commitments, assignments generally only exist temporarily. In other words, an additional action does  not normally have to be taken for the removal of an assignment. Conversely, as discussed above, an  additional action is essential to either remove or revise a commitment.  Unassigned fund balance‐amounts that represent fund balance that has not been assigned to other  funds and that has not been restricted, committed, or assigned to specific purposes within the general  fund. In other governmental funds, it may be necessary to report a negative residual balance as  unassigned.     CITY OF COPPELL, TEXAS 66  General    General   Obligation  ARPA   Capital   Projects  Streets     Infrastructure  Maintenance  Fund   Other  Governmental   Funds   Total   Governmental   Funds  Nonspendable: Prepaid items 59,322$            ‐$                  ‐$                     ‐$                     ‐$                    ‐$                     59,322$             Permanent fund ‐ Perpetual  Care Fund ‐                          ‐                     ‐                       ‐                       ‐                       974,814         974,814             Restricted for: General  government Public educational  government channel 646,447            ‐                     ‐                       ‐                       ‐                       ‐                       646,447             Public education about solid waste 45,607              ‐                     ‐                       ‐                       ‐                       ‐                       45,607               Public Safety Emergency 911 1,068,424         ‐                     ‐                       ‐                       ‐                       ‐                       1,068,424          Fire ‐                          ‐                     ‐                       ‐                       ‐                       23,469            23,469               Police ‐                          ‐                     ‐                       ‐                       ‐                       198,465         198,465             Animal  shelter ‐                          ‐                     ‐                       ‐                       ‐                       891                 891                     Child safety programs ‐                          ‐                     ‐                       ‐                       ‐                       178,202         178,202             Crime prevention programs and services ‐                          ‐                     ‐                       ‐                       ‐                       15,627,758    15,627,758       Court security ‐                          ‐                     ‐                       ‐                       ‐                       379,018         379,018             Traffic  and signal enforcement /      improvements ‐                          ‐                     ‐                       ‐                       ‐                       500,799         500,799             Juvenile case manager ‐                          ‐                     ‐                       ‐                       ‐                       345,002         345,002             Court technology ‐                          ‐                     ‐                       ‐                       ‐                       20,351            20,351               Judicial  efficiency ‐                          ‐                     ‐                       ‐                       ‐                       18,972            18,972               Culture and recreation Improvements  / maintenance of recreation      facilities, trails, drainage, and 6,868,420         ‐                     ‐                       ‐                       ‐                       ‐                       6,868,420          Recycling ‐                          ‐                     ‐                       ‐                       ‐                       70,350            70,350               Community  garden / farmer's market ‐                          ‐                     ‐                       ‐                       ‐                       1,589              1,589                  Library ‐                          ‐                     ‐                       ‐                       ‐                       28,845            28,845               Parks ‐                          ‐                     ‐                       ‐                       ‐                       35,677            35,677               Arts  Center ‐                          ‐                     ‐                       ‐                       ‐                       71,429            71,429               Tennis  Center ‐                          ‐                     ‐                       ‐                       ‐                       1,677              1,677                  Senior and Community Center ‐                          ‐                     ‐                       ‐                       ‐                       25,400            25,400               Biodiversity Center ‐                          ‐                     ‐                       ‐                       ‐                       2,118              2,118                  Living Well wellness incentive ‐                          ‐                     ‐                       ‐                       ‐                       105                 105                     Promotion of tourism and events ‐                          ‐                     ‐                       ‐                       ‐                       706,255         706,255            p /     facilities, trails, drainage, and  streetscapes ‐                           ‐                     ‐                       ‐                       ‐                       13,023,396    13,023,396       Economic development ‐                          ‐                     ‐                       ‐                       ‐                       9,659              9,659                  Capital  projects ‐                          ‐                     ‐                       31,983,499    ‐                       5,279,608      37,263,107       Debt service ‐                          654,602       ‐                       ‐                       ‐                       107,204         761,806             Committed for: City charter required reserves 7,003,073         ‐                     ‐                       ‐                       ‐                       ‐                       7,003,073          Public  works Projects 358,858            ‐                     ‐                       ‐                       18,894,090   ‐                       19,252,948       Storm water control development ‐                          ‐                     ‐                       ‐                       ‐                       704,569         704,569             Culture and recreation Rolling Oaks Cemetery ‐                          ‐                     ‐                       ‐                       ‐                       1,154,439      1,154,439          Tree preservation ‐                          ‐                     ‐                       ‐                       ‐                       394,727         394,727             Economic development 666,355            ‐                     ‐                       ‐                       ‐                       18,203            684,558             Assigned  for: General  government Sales  tax  provision 1,575,975         ‐                     ‐                       ‐                       ‐                       ‐                       1,575,975          Old Town signage 298,575            ‐                     ‐                       ‐                       ‐                       ‐                       298,575             Public works Building code and zoning update 325,000            ‐                     ‐                       ‐                       ‐                       ‐                       325,000             Economic development Economic development program 185,000            ‐                     ‐                       ‐                       ‐                       ‐                       185,000             Capital  projects 750,000            ‐                     ‐                       ‐                       ‐                       ‐                       750,000             Unassigned 88,771,762      ‐                     ‐                       ‐                       ‐                       (1,943,868)     86,827,894       108,622,818$  654,602$     ‐$                     31,983,499$ 18,894,090$ 37,959,123$ 198,114,132$   Fund Balances Fund Balances CITY OF COPPELL, TEXAS 67 (9) INTERFUND BALANCES AND TRANSFERS  During a fiscal year, interfund payables and receivables arise.  The following were outstanding as of  September 30, 2021:    Transfers made during the year were as follows:    (10) DEFINED BENEFIT PENSION PLAN  A. Plan Description  The City participates as one of 897 plans in the nontraditional, joint contributory, hybrid defined benefit  pension plan administered by the Texas Municipal Retirement System (TMRS). TMRS is an entity 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 municipal  employees in the State of Texas. The TMRS Act places the general administration and management of the  System with a six‐member Board of Trustees. Although the Governor, with the advice and consent of the  Senate, appoints the Board, TMRS is not fiscally dependent on the State of Texas. TMRS’s defined benefit  Receivable  Fund Payable Fund Amount Purpose  General  Fund Nonmajor governmental 1,900,500$  Short‐term funding of  deficit cash  Nonmajor governmental Nonmajor governmental 737,000$     Short‐term funding of  deficit cash Total 2,637,500$   Transfers In Transfers Out Amount Purpose General  Fund Nonmajor governmental 3,685,911$    Maintenance and operations  of parks and facilities with 4B  sales tax proceeds Special  revenue ‐  Infrastructure Maintenance General  Fund 2,144,000       Annual maintenance of City  facilities, streets and traffic  control Streets Capital  Project Fund General Fund 2,470,832      Belt Line  Road reconstruction  Nonmajor governmental General Fund 777,000         Software conversion  project Internal service General Fund 926,781         Fund future vehicle and  equipment replacements Internal service Nonmajor governmental 589,658         Fund future vehicle and  equipment replacements Internal service Water‐Sewer enterprise  fund 147,200         Fund future vehicle and  equipment replacements Total 10,741,382$  CITY OF COPPELL, TEXAS 68 pension plan is a tax‐qualified plan under Section 401 (a) of the Internal Revenue Code. TMRS issues a  publicly available annual comprehensive financial report (ACFR) that can be obtained at www.tmrs.com.  All eligible employees of the City are required to participate in TMRS.  B. 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 governing TMRS.  At retirement, the benefit is calculated as if the sum of the employee’s contributions, with interest, and  the city‐financed monetary credits with interest were used to purchase an annuity. Members may choose  to receive their retirement benefit in one of seven payments options. Members may also choose to  receive a portion of their benefit as a Partial Lump Sum Distribution in an amount equal to 12, 24, or 36  monthly payments, which cannot exceed 75% of the member’s deposits and interest.  Members can retire at ages 60 and above with five or more years of service or with 20 years of service  regardless of age.  A member is vested after five years. The plan provisions are adopted by the governing  body of the City, within the options available in the state statutes governing TMRS and within the actuarial  constraints also in the statutes.  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  267  Inactive employees entitled to but not yet receiving benefits  222  Active employees       389   878  C. Contributions  The contribution rates for employees in TMRS are either 5%, 6%, or 7% of employee gross earnings, 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 actuarially determined rate  is the estimated amount necessary to finance the cost of benefits earned by employees during the year,  with an additional amount to finance any unfunded accrued liability.  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 15.57% and 16.15 in calendar years 2020 and 2021,  respectively. The City’s contributions to TMRS for the year ended September 30, 2021 were $5,022,022  and were equal to the required contributions.  D. 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.  CITY OF COPPELL, TEXAS 69 Actuarial Assumptions:  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       Investment Rate of Return  6.75%, net of pension plan investment expense, including inflation  Salary increases were 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  2019 Municipal Retirees of Texas mortality tables.  The rates for actives, healthy retirees and beneficiaries  are projected on a fully generational basis by Scale UMP to account for future mortality improvements.  For disabled annuitants, the same mortality tables for healthy retirees are 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 the experience of  TMRS over the four‐year period from December 31, 2014 through 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.  The target  allocation and best estimates of real rates of return for each major asset class are summarized in the  following table:   Asset Class   Target  Allocation    Long‐Term Expected  Real Rate of Return  (Arithmetic)             Global Equity  30.00%  5.30%  Core Fixed Income  10.00%  1.25%  Non‐Core Fixed Income  20.00%  4.14%  Real Return  10.00%  3.85%  Real Estate  10.00%  4.00%  Absolute Return  10.00%  3.48%  Private Equity  10.00%  7.75%        Total  100.00%    CITY OF COPPELL, TEXAS 70 Discount Rate  The discount rate used to measure the Total Pension Liability was 6.75%. The projection of cash flows  used to determine the discount rate assumed that employee and employer contributions will 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.    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 one  percentage‐point lower (5.75%) or one percentage‐point higher (7.75%) than the current rate:     1% Decrease in  Discount Rate  (5.75%)    Discount Rate  (6.75%)    1% Increase in  Discount Rate  (7.75%)               City’s net pension liability  $  45,500,015     $ 16,540,833     $   (7,028,769)  Pension Plan Fiduciary Net Position  Detailed information about the pension plan’s Fiduciary Net Position is available in a separately issued  TMRS financial report. That report may be obtained on the Internet at www.tmrs.com.  Changes  in the Net Pension Liability Total Pension   Liability  (a) Plan  Fiduciary  Net Position   (b) Net Pension   Liability   (a) ‐ (b) Balance at 12/31/2019 177,534,924$  159,963,458$  17,571,466$   Changes for the year: Service  cost 5,834,060          ‐                           5,834,060        Interest 11,973,183        ‐                           11,973,183     Difference between expected and actual experience 450,189              ‐                           450,189           Contributions ‐ employer ‐                           4,980,061         (4,980,061)      Contributions ‐ employee ‐                           2,238,949         (2,238,949)      Net investment  income ‐                           12,150,691       (12,150,691)    Benefit payments, including refunds of employee      contributions (6,142,941)        (6,142,941)        ‐                         Administrative expense ‐                           (78,569)              78,569              Other changes ‐                           (3,067)                3,067                Net changes 12,114,491       13,145,124       (1,030,633)      Balance at 12/31/2020 189,649,415$  173,108,582$  16,540,833$   Increases (Decreases) CITY OF COPPELL, TEXAS 71 E. Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to  Pensions  For the year ended September 30, 2021, the City recognized pension expense of $3,848,521.  At September 30, 2021, the city reported deferred outflows of resources and deferred inflows of  resources related to pensions from the following sources:    The City reported $3,696,640 as deferred outflows of resources related to pensions resulting from  contributions subsequent to the measurement date which will be recognized as a reduction of the net  pension liability for the year ending September 30, 2022. Other amounts reported as deferred outflows  and inflows of resources related to pensions will be recognized in pension expense as follows:     (11) DEFERRED COMPENSATION PLANS   The City offers its employees a deferred compensation plan created in accordance with the Internal Revenue  Code Section 457. The plan, available to all City employees, permits them to defer a portion of their salary  until future years. The deferred compensation is not available to employees until termination, retirement,  death, or unforeseeable emergency.  The City funds all amounts of compensation deferred under the plan, at the direction of the covered  employee, through investments in either a Roth IRA or fixed and variable annuity contracts underwritten by  International City Manager Association (ICMA) Retirement Corporation and American Fund.   All amounts of compensation deferred under the plan, all property and rights purchased with those  amounts, and all income attributable to those amounts, property, or rights are held in trust for the exclusive  Deferred  Outflows of  Resources Deferred  Inflows of  Resources Differences between expected and      actual economic experience 1,239,926$     2,262$                Changes in actuarial assumptions 106,276            ‐                           Difference between projected and      actual investment  earnings ‐                         4,535,083          Contributions subsequent  to the     measurement date 3,696,640         ‐                           Total 5,042,842$     4,537,345$       Year ended  September 30: 2022 (1,031,467)$    2023 513,533           2024 (2,449,012)      2025 (224,197)          Total (3,191,143)$    CITY OF COPPELL, TEXAS 72 benefit of the participants and their beneficiaries.  The City has no liability for losses under the plan, only provides limited administrative duties, and therefore,  the deferred compensation plans are not included in the financial statements of the City.    (12) RISK FINANCING  The City is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets;  errors and omissions; and natural disasters for which the City carries commercial insurance. There have been  no reductions in coverages during the year or settlements in excess of coverages in the past three years.  The City established an internal service fund to account for its self‐funded employee health program in  November 2000. The City pays most of the premium for each eligible employee and each employee pays a  portion of the employee premium and dependent coverage premium, if elected. The premiums paid by the  City are primarily an expenditure of the general fund and an expense of the Water and Sewer Enterprise  Fund. All premiums are paid into the self‐funded health internal service fund to pay claims, claim reserves  and administrative costs of the program as well as costs associated with the City’s wellness program.  The self‐funded employee health program is responsible for medical claims up to an aggregate stop loss of  $125,000 per covered individual. Coverage from a private insurance company is maintained for covered  losses in excess of the stop loss amount. An independent claims administrator performs all claims handling  procedures.  Liabilities are reported when it is probable that a loss has occurred, and the amount of the loss can be  reasonably estimated. Claims payable include all known claims and an amount for claims that have been  incurred but not reported (IBNR). Claim liabilities are estimated by considering the effects of inflation, recent  claim settlement trends, including frequency and amount of pay‐outs, and other economic and social  factors. The self‐funded program was implemented during the year ended September 30, 2001. Changes in  the balance of the claims liabilities for the year ended September 30, 2021 are as follows:           2021            2020  Claims payable, beginning of year $   585,283  $   510,680  Claims incurred     3,205,037    4,614,471  Changes in estimates          21,017           43,292  Claim payments  (3,218,361)   (4,583,160)  Claims payable, end of year $   592,976  $   585,283  (13) OTHER POST‐EMPLOYMENT BENEFITS    For the year ended September 30, 2021, the City recognized $133,348 OPEB expense, of which $(28,152)  was for health care benefits and $161,500 was for life insurance benefits.   Health Care Benefits  A. Plan Description  In addition to the pension benefits described in Note 10, the City provides post‐employment health care  benefits in accordance with City policy.  Administration of the City of Coppell Retiree Health Care Plan  trust is through the Public Agency Retirement Services (PARS) with an IRC Section 115 Irrevocable  Exclusive Benefit Trust.  Trustee for the plan is USBank.  Ultimate authority for investment decisions and  actions necessary to maintain the City’s participation in the program resides with the City Manager,  appointed as Plan Administrator through a 2014 resolution of the City Council, or his successor or   CITY OF COPPELL, TEXAS 73 designee.  Investment strategy is currently through the City’s selection of the PARS Moderate: Highmark  Index PLUS (passive) from High Mark Capital Management, selected August 27, 2014.  Stated goals are for  growth of principal and income.  At December 31, 2020, the annual one‐year rate of return was 10.89%.   All employees who are vested in the City’s pension plan, Texas Municipal Retirement System, are eligible  for these benefits with 20 years or more of service, regardless of age, or at age 60 and above.  Coverage  is also available to dependents or surviving spouses of retirees.  This healthcare plan provides medical,  dental and hospitalization coverage (until eligible for Medicare) to eligible retirees, their spouses, and  dependents through the city’s self‐funded health program, which covers both active and retired members.   At December 31, 2020, the City had 261 retirees and an additional 97 active employees that are eligible  to retire. The City implicitly subsidizes medical and hospitalization costs incurred by retirees and their  dependents through the use of a single, blended premium rate.  Recommendations for plan benefits are  presented to City Council for their approval during the annual budget process. The City’s plan qualifies as  a single‐employer, defined benefit plan administered through a trust. Financial statements for the plan  are presented as a statement of fiduciary net position as of December 31, 2020, the end of the plan’s  reporting period, and a statement of changes in fiduciary net position.  COBRA Benefits  Under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), the City makes healthcare benefits  available to eligible former employees and eligible dependents. The federal government outlines certain  requirements for this coverage. The premium plus a two percent administration fee is paid in full by the  insured on or before the tenth (10th) day of the month for the actual month covered. This program is offered  for 18 months after the employee’s termination date.  The City makes no contribution under this program.  There was one participant in the program as of September 30, 2021.  B.  Benefits Provided  The terms of the health benefits provided to retirees are the same as those provided to employees in  the self‐funded health program.  Employees Covered by Benefit Terms  At the December 31, 2020 measurement date, the following employees were covered by the benefit  terms:  Inactive Plan Members or Beneficiaries Currently Receiving Benefits               4   Inactive Plan Members Entitled to But Not Yet Receiving Benefits                ‐  Active Plan Members            378  Total Plan Members           382    C. Contributions  Current retirees contribute to the self‐funded health program the blended premium for active and retired  participants. Retiree contribution rates for fiscal year 2021 ranged from $943 to $2,415 per month  depending on coverage levels selected.  In fiscal year 2021, the total member contributions were $71,318.  The City contribution for retirees consists of pay‐as‐you‐go claims in excess of the retiree contributions.   The City claims incurred by retirees were $22,731; therefore, the City’s contribution to the plan for fiscal  year 2021 was zero as retiree contributions covered retiree expense.    CITY OF COPPELL, TEXAS 74 D. Net OPEB Liability  The City’s net OPEB liability was measured as of December 31, 2020, and the total OPEB liability used to  calculate the net OPEB liability was determined by an actuarial valuation as of December 31, 2020.    Actuarial Assumptions  The City’s total OPEB liability in the December 31, 2020 valuation was determined using the following  actuarial assumptions:    The single discount rate changed from 2.75% as of December 31, 2019 to 5.75% as of December 31, 2020,  due to a change from using the 20‐year tax‐exempt municipal bond rate to the long‐term expected rate of  return on OPEB plan investments.  Additionally, the two‐person coverage assumption was increased from  10% to 20%.  Future results may differ from those anticipated in this valuation.  Reasons include but are not limited to  actual medical trend differing from expected, changes in the healthcare plan designs offered to active and  retired members, and participant behavior differing from expected.  Actuarial Cost  Method Individual Entry‐Age Normal  Discount Rate 5.75% as of December 31, 2020 Inflation Rate 2.50% Salary Increases 3.50% to 11.50%, including  inflation Demographic Assumptions Based on the experience study covering the  four‐year  period ending  December 31, 2018 as  conducted for the TMRS Mortality For  healthy retirees, the gender‐distinct  2019  Municipal Retirees of Texas mortality tables  are used.  The rates are projected on a fully  generational basis using  the ultimate mortality  improvement rates in the MP tables to  account for future mortality improvements. Participation Rates Rates of 25% post ‐55 or  disabled, and 0%   pre‐ 55, with 100% assumed to discontinue when  eligible for  Medicare. Healthcare cost trend rates 7.10% Initial, 4.25% ultimate after 13 years Notes The Single Discount rate changed from 2.75%  to 5.75% as of December 31,2020.   Additionally, the two‐person coverage  assumption was increased from 10% to 20%. Actuarial Assumptions CITY OF COPPELL, TEXAS 75 Changes in the Net OPEB Liability    Consistent with the requirements of GASB Statements No. 74 and No. 75, the employer contribution and  benefit payment amounts include “amounts for OPEB as the benefits come due that will not be  reimbursed to the employer using OPEB plan assets.”  The $48,805 in benefit payments was paid by the  City using its own assets.    The benefit payments during the measurement period were determined by subtracting the actual  retiree premium payments from an age‐adjusted premium calculation, calculated using an age‐ adjustment factor of 1.724.  Sensitivity of the Net OPEB Liability to Changes in the Discount Rate:  The following presents the Plan’s net OPEB liability, calculated using the discount rate of 5.75%, as well  as what the Plan’s net OPEB liability would be if it were calculated using a discount rate that is one  percent lower or one percent higher than the current rate assumption:    Total OPEB   Liability (a) Plan  Fiduciary  Net  Position (b) Net OPEB   Liability (a) ‐ (b) Balance at 12/31/2019 2,320,687$       262,429$         2,058,258$       Changes for the year: Service cost 125,172             ‐                         125,172             Interest on the total OPEB  liability 64,869                ‐                         64,869                Difference between expected and actual experience (858,222)            ‐                         (858,222)            Changes of assumptions (257,483)            ‐                         (257,483)            Employer contributions ‐                           2,048,805       (2,048,805)        Net investment  income ‐                           218,150           (218,150)            Benefit payments (48,805)              (48,805)            ‐                           Administrative Expense ‐                           (4,681)              4,681                  Net changes (974,469)            2,213,469       (3,187,938)        Ending balance  at 12/31/2020 1,346,218$       2,475,898$     (1,129,680)$      Increases (Decreases) 1% Decrease in  Discount Rate  (4.75%)  Discount Rate  (5.75%)  1% Increase in  Discount  Rate  (6.75%) Plan's Net OPEB  Liability (996,477)$          (1,129,680)$    (1,249,413)$      CITY OF COPPELL, TEXAS 76 Sensitivity of the Net OPEB Liability to Changes in the Healthcare Cost Trend Rate:  The following presents the Plan’s net OPEB liability, calculated using the assumed trend rates as well as  what the Plan’s net OPEB liability would be if it were calculated using a healthcare cost trend rate that is  one percent lower or one percent higher than the current rate assumption:    E. Related Deferred Outflows of Resources and Deferred Inflows of Resources  At September 30, 2021, the City reported deferred outflows of resources and inflows of resources  related to OPEB from the following sources:     The City reported $40,106 as deferred outflows related to OPEB resulting from contributions  subsequent to the measurement date which will be recognized as a reduction of the net OPEB liability  1% Decrease  Current   Healthcare Cost   Trend Rate  Assumption 1% Increase Plan's Net OPEB  Liability (1,268,336)$    (1,129,680)$       (967,293)$         Deferred  Outflows of  Resources Deferred  Inflows of  Resources Differences between expected and actual economic  experience 6,424$           871,946$       Changes in actuarial assumptions 186,305        317,590         Difference between projected and actual investment earnings ‐                      118,997         Contributions subsequent  to the measurement date 40,106           ‐                       Total 232,835$      1,308,533$   CITY OF COPPELL, TEXAS 77 for the year ending September 30, 2022.  Other amounts reported as deferred outflows and inflows of  resources related to OPEB will be recognized in OPEB expense as follows:    Life Insurance Benefits  A. Plan Description  TMRS administers a defined benefit group‐term life insurance plan known as the Supplemental Death  Benefits Fund (SDBF).  This is a voluntary program in which participating member cities may elect, by  ordinance, to provide group‐term life insurance coverage for their active members, including or not  including retirees.  It is considered to be a single‐employer plan.  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 the SDBF by adopting an ordinance before November 1st  of any year to be effective the following January 1st.   B.  Benefits Provided  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).  The death benefit for retirees is considered an OPEB and is a fixed  amount of $7,500.  As the SDBF covers both active and retiree participants, with no segregation of  assets, the SDBF is considered to be an unfunded OPEB plan (i.e., no assets are accumulated).  Employees Covered by Benefit Terms  At the December 31, 2020 valuation and measurement date, the following employees were covered by  the benefit terms:  Inactive employees currently receiving benefits            185  Inactive employees entitled to but not yet receiving benefits               60  Active employees            389              634  C. Contributions  The City contributes to the SDBF at a contractually required rate as determined by an annual actuarial  valuation.  The rate is equal to the cost of providing one‐year term life insurance.  The funding policy for  the SDBF program is to assure that adequate resources are available to meet all death benefit payments  Year ended  September  30: Net Deferred  Outflows  (Inflows) 2022 (144,119)$        2023 (141,950)           2024 (146,846)           2025 (141,810)           2026 (113,932)           Thereafter (427,147)           Total (1,115,804)$     CITY OF COPPELL, TEXAS 78 for the upcoming year.  The intent is not to pre‐fund retiree term life insurance during employee’s entire  careers.      The City’s contributions to the TMRS SDBF for the year ended September 30, 2021 were $6,397, which  equaled the required contributions.  D. Total OPEB Liability  The City’s total OPEB liability was measured as of December 31, 2020 and was determined by an  actuarial valuation as of that date.  Actuarial Assumptions  The City’s total OPEB liability in the December 31, 2020 valuation was determined using the following  actuarial assumptions:  Inflation    2.5% per year  Salary increases    3.5% to 11.5% including inflation  Discount rate    2.00%  Retirees’ share of benefit‐related costs $0  The discount rate was based on the Fidelity Index “20‐Year Municipal GO AA Index” rate as of December  31, 2020.  All administrative expenses are paid through the Pension Trust and accounted for under  reporting requirements under GASB Statement No. 68.  Mortality rates for service retirees were based  on the 2019 Municipal Retirees of Texas Mortality Tables projected on a fully generational basis with  scale UMP.  Mortality rates for disabled retirees were based on the 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.    The actuarial assumptions used in the December 31, 2020 valuation were based on the results of an  actuarial experience study for the period December 31, 2014 to December 31, 2018.    CITY OF COPPELL, TEXAS 79 Changes in the Total OPEB Liability    Due to the SDBF being considered an unfunded OPEB plan under GASB 75, benefit payments are treated  as being equal to the employer’s yearly contributions for retirees.  Changes in assumptions are a result  of the change in municipal bond index rate from the previous year.    Sensitivity of the Total OPEB Liability to Changes in the Discount Rate:  The following presents the total OPEB liability of the City, calculated using the discount rate of 2.00%, as  well as what the City’s total OPEB liability would be if it were calculated using a discount rate that is one  percentage‐point lower or one percentage‐point higher than the current rate:    E. Related Deferred Outflows of Resources and Deferred Inflows of Resources  At September 30, 2021, the City reported deferred outflows of resources related to OPEB from the  following sources:    The City reported $13,734 as deferred outflows related to OPEB resulting from contributions  subsequent to the measurement date which will be recognized as a reduction of the total OPEB liability  Total OPEB  Liability Balance at 12/31/2019 1,268,549$                      Changes for the year: Service cost 60,771                              Interest 35,633                              Difference between expected and actual experience (22,070)                             Changes in assumptions or other  inputs 228,772                            Benefit payments (6,397)                               Net changes 296,709                            Balance at 12/31/2020 1,565,258$                      1% Decrease in  Discount Rate  (1.00%) Discount Rate  (2.00%) 1% Increase in  Discount Rate  (3.00%) 1,954,984$        1,565,258$    1,270,170$          Deferred  Outflows of  Resources Deferred  Inflows of  Resources Differences between expected and actual economic  experience 31,035$        82,093$         Changes in actuarial assumptions 373,037        41,375            Contributions subsequent to the measurement date 13,734           ‐                       Total 417,806$      123,468$       CITY OF COPPELL, TEXAS 80 for the year ending September 30, 2022.  Other amounts reported as deferred outflows and inflows of  resources related to OPEB will be recognized in OPEB expense as follows:     (14) JOINT VENTURE AND JOINTLY GOVERNED ORGANIZATIONS  The North Texas Emergency Communications Center, Inc. (NTECC) is a joint venture between the Town of  Addison, City of Carrollton, City of Coppell and City of Farmers Branch (the “Cities”) formed during fiscal year  2014 to establish and operate a joint public safety dispatch center. The affairs of the NTECC are managed by  a four‐person board of directors representing each of the four participating Cities.    The Cities are responsible for funding capital and operating costs of the NTECC in the proportions stated in  the interlocal agreement. The City of Coppell has an equity interest in the NTECC of $894,437 at  September 30, 2021, and it is reported as an investment in joint venture in the governmental activities on  the government‐wide Statement of Net Position.  The financial statements for NTECC may be obtained  from the Department of Finance at P.O. Box 9478, Coppell, Texas 75048‐9478, (972) 304‐3690, or  finance@coppelltx.gov.  The Cities also entered into an interlocal agreement to jointly procure a public safety radio system. While  this agreement did not include the formation of a separate legal joint venture entity, it is possible that this  system may be consolidated into the NTECC in the future. The Cities are responsible for funding a portion of  the radio system in the proportions stated in the inter‐local agreement. The City of Coppell’s portion of the  system costs at September 30, 2021 of $168,167 is capitalized as equipment in the governmental activities  on the government‐wide Statement of Net Position.  Additionally, the Cities entered into the Joint Fire Training Center Interlocal Cooperation Agreement for the  purpose of jointly designing, constructing, maintaining, operating, managing, and using a fire training facility  on property owned by the City of Farmers Branch.  This agreement did not include the formation of a  separate legal joint venture entity, and the City of Coppell’s portion of the shared capital costs at September  30, 2021 of $459,295 is capitalized as building and improvements in the governmental activities on the  government‐wide Statement of Net Position.    (15) NEW GASB STANDARD   Implementation of GASB Statement No. 84, Fiduciary Activities, resulted in the recognition of net additions  from prior years in the HRA custodial fund, as well as the moving of the Pre‐Need Cemetery fund from a  private‐purpose trust fund to a special revenue fund, presented with the nonmajor governmental funds.  Year ended  September  30: 2022 65,096$           2023 65,096              2024 54,015              2025 53,168              2026 35,919              Thereafter 7,310                Total 280,604$         CITY OF COPPELL, TEXAS 81 The beginning net position in the HRA Fund has been restated as a result of the implementation of this  standard as follows:  Beginning net position as previously reported  $         ‐  Cumulative effect of change in accounting policy  $ 601,779  Beginning net position, as restated      $ 601,779      (16) COMMITMENTS AND CONTINGENCIES  The City has active construction projects as of September 30, 2021. The projects include street, drainage,   arts center,  fire station, cemetery expansion, lift station and water tower. The outstanding commitments  under authorized construction contracts by project are as follows:    Outstanding commitments at year end were $21,704,113 to be funded by the Streets Capital Project Fund,  $928,153 to be funded by the Drainage Capital Project Fund, $478,882 to be funded by the Recreation  Development Capital Projects Fund, $152,395 to be funded by other nonmajor governmental capital project  funds, and $1,358,187 to be funded by the Enterprise Fund.  These commitments were encumbered at year  end and are re‐appropriated and become part of the subsequent year’s budget.  The City receives State and Federal Grants for specific purposes that are subject to review and audit by the  Grantor Agency.  Such audits could result in a request for reimbursement for expenditures disallowed under  terms and conditions of the appropriate agencies.  In the opinion of City management, such disallowances,  if any, will not be significant.  (17) SUBSEQUENT EVENT  The City purchased a tract of land known as North Lake in 2009, which with improvements made, resulted  in a book value of approximately $30.0 million.   Negotiations regarding the buyer’s right of first refusal  and deed restrictions resulted in the sale being finalized October 2022 with a sale price of $10.1  million.  The resulting financial loss is estimated as $19.9 million.    Project Spent to‐Date Remaining  Commitment Arts Center $ 20,765,249 $ 467,912            Freeport Parkway 12,978,603 647,558            Cemetery Expansion 8,707,943 11,273 Fire  station 10,243,128 90,896               Smart Meters  8,326,754 90,004 Beltline Road 3,543,104 18,989,287 Water Tower/Lift Station 1,498,119 237,287 Intersection Improvements 1,509,883 1,952,097 Various Capital  Projects 8,766,306 2,135,416 Total  all  funds $ 76,339,089 $ 24,621,730 CITY OF COPPELL, TEXAS 82 CITY OF COPPELL, TEXAS 83 CITY OF COPPELL, TEXAS Required Supplemental Information Texas Municipal Retirement System (TMRS) Schedule of Changes in Net Pension Liability and Related Ratios Last Seven Measurement Years (Unaudited) Measurement Year ‐ December 31, 2020 2019 2018 2017 Total pension liability Service cost $ 5,834,060        $ 5,423,721        $ 5,147,391        $ 5,121,355         Interest (on the total pension liability)11,973,183      11,140,690      10,429,907      9,690,470         Difference between expected and actual experience 450,189           1,210,046        170,311           1,049,026         Changes of assumptions 195,962           ‐                         ‐                          Benefit payments, including refunds of employee contributions (6,142,941)       (5,541,779)       (5,169,533)       (4,668,968)        Net change in total pension liability 12,114,491      12,428,640      10,578,076      11,191,883       Total pension liability ‐ beginning 177,534,924   165,106,284   154,528,208   143,336,325    Total pension liability ‐ ending   (a) $ 189,649,415   $ 177,534,924   $ 165,106,284   $ 154,528,208      Plan fiduciary net position Contributions ‐ employer $ 4,980,061        $ 4,719,024        $ 4,440,159        $ 4,365,557         Contributions ‐ employee 2,238,949        2,125,758        2,001,935        1,975,726         Net investment income 12,150,691      21,273,772      (4,211,826)       16,920,562       Benefit payments, including refunds  of employee contributions (6,142,941)       (5,541,779)       (5,169,533)       (4,668,968)        Administrative expense (78,569)            (120,122)          (81,360)            (87,653)             Other (3,067)               (3,608)               (4,249)               (4,443)                Net change in plan fiduciary net position 13,145,124      22,453,045      (3,024,874)       18,500,781       Plan fiduciary net position ‐ beginning 159,963,458   137,510,413   140,535,287   122,034,506    Plan fiduciary net position ‐ ending   (b) 173,108,582   159,963,458   137,510,413   140,535,287    Net pension liability    (a) ‐ (b)$ 16,540,833      $17,571,466      $ 27,595,871      $ 13,992,921       Plan fiduciary net position as a percentage of total pension liability 91.28%90.10%83.29%90.94% Covered payroll $ 31,984,978      $ 30,367,976      $ 28,501,610      $ 28,201,294       Net pension liability as a percentage of covered payroll 51.71%57.86%96.82%49.62% Note:  This schedule is intended to show information for ten years.  Information for additional years will be displayed    as it becomes available. CITY OF COPPELL, TEXAS 84 concluded 2016 2015 2014 $ 4,795,907        $ 4,773,791        $ 4,360,178         9,034,884        8,655,276        8,043,965         (143,547)          1,027,510        (416,347)           ‐                         (530,535)          ‐                          (3,606,184)       (3,861,363)       (3,061,820)        10,081,060      10,064,679      8,925,976         133,255,265   123,190,586   114,264,610    $ 143,336,325   $ 133,255,265   $ 123,190,586    $ 3,973,656        $ 4,156,827        $ 3,937,618         1,849,941        1,904,241        1,763,756         7,592,873        162,416           5,816,895         (3,606,184)       (3,861,363)       (3,061,820)        (85,724)            (98,915)            (60,721)             (4,619)               (4,885)               (4,993)                9,719,943        2,258,321        8,390,735         112,314,563   110,056,242   101,665,507    122,034,506   112,314,563   110,056,242    $ 21,301,819      $ 20,940,702      $ 13,134,344       85.14%84.29%89.34% $ 26,235,817      $26,594,934      $ 24,996,845       81.19%78.74%52.54% CITY OF COPPELL, TEXAS 85 CITY OF COPPELL, TEXAS Required Supplemental Information Texas Municipal Retirement System (TMRS) Schedule of Pension Contributions Last Seven Fiscal Years (Unaudited)   Actuarially determined contribution $ 5,022,022    $ 4,836,794    $ 4,656,502    $ 4,406,168     Contribution in relation of the actuarially determined contribution 5,022,022    4,836,794    4,656,502    4,406,168     Contribution deficiency (excess)$‐                     ‐                     $‐                     $‐                      Covered payroll $ 31,401,822  $ 31,075,303  $ 29,912,752  $ 28,367,042   Contributions as a percentage of covered payroll 15.99% 15.56% 15.57% 15.53%   Notes to Schedule  Valuation Date:  Actuarially determined contribution rates are calculated as of December 31 and 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 25 years Asset Valuation Method 10 Year smoothed market; 12% soft corridor Inflation 2.50% Salary Increases 3.50% to 11.5% 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 fuly 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:There were no benefit changes during the year.  Note:  This schedule is intended to show information for ten years.  Information for additional years will be   displayed as it becomes available. Fiscal Year 2021 201820192020 CITY OF COPPELL, TEXAS 86 concluded $ 4,291,973    $ 4,221,309    $ 4,068,349     4,291,973    4,221,309    4,068,897     $‐                     $‐                     $ (548)               $ 27,810,639  $ 27,430,532  $ 26,141,272   15.43% 15.39% 15.57% Fiscal Year 2016 20152017 CITY OF COPPELL, TEXAS 87 CITY OF COPPELL, TEXAS Required Supplemental Information City of Coppell Retiree Health Care Plan Schedule of Changes in Net OPEB Liability and Related Ratios Last Four Measurement Years (Unaudited) Measurement year ending December 31, 2020 2019 2018 2017 Total OPEB liability Service cost $ 125,172          $ 92,503             $ 115,068          $ 99,460              Interest (on the total OPEB liability)64,869             77,489             74,678             77,524              Difference between expected and actual experience (858,222)         (14,261)           (132,925)         11,052              Changes of assumptions (257,483)         165,224          (127,696)         97,715              Benefit payments, including refunds of employee contributions (48,805)           (85,360)           (85,235)           (59,157)            Net change in total OPEB liability (974,469)         235,595          (156,110)         226,594           Total OPEB liability ‐ beginning 2,320,687       2,085,092       2,241,202       2,014,608        Total OPEB liability ‐ ending   (a)$ 1,346,218       $ 2,320,687       $ 2,085,092       $ 2,241,202         Plan fiduciary net position Contributions ‐ employer $ 2,048,805       $ 85,360             $ 85,235             $ 59,157              OPEB plan net investment income 218,150          39,175             (9,231)              24,567              Benefit payments (48,805)           (85,360)           (85,235)           (59,157)            OPEB Plan administrative expense (4,681)              (1,378)              (1,370)              (1,299)               Net change in plan fiduciary net position 2,213,469       37,797             (10,601)           23,268              Plan fiduciary net position ‐ beginning 262,429          224,632          235,233          211,965           Plan fiduciary net position ‐ ending   (b)2,475,898       262,429          224,632          235,233           Net OPEB liability    (a) ‐ (b)$ (1,129,680)      $2,058,258       $ 1,860,460       $ 2,005,969        Plan fiduciary net position as a percentage of total OPEB liability 183.92% 11.31% 10.77% 10.50% Covered payroll $ 31,984,978     $ 30,367,976     $ 28,501,610     $ 28,201,294      Net OPEB liability as a percentage of covered payroll ‐3.53% 6.78% 6.53% 7.11% Notes to Schedule: Measurement year 2020 ‐ The two‐person coverage assumption was increased from 10% to 20% Measurement year 2018 ‐ Minor updates to the healthcare trend assumption. Measurement year 2019 ‐ The demographic and salary increase assumptions were updated to reflect the 2019 TMRS Experience Study Changes of assumptions reflect the effects of changes in the discount rate each period. The following are the Single Discount Rates used  in each period: Measurement Year Discount Rate 2020 5.75% 2019 2.75% 2018 3.71% 2017 3.31% 2016 3.81% This schedule is intended to show information for ten years.   Information for additional years will be displayed as it becomes available. CITY OF COPPELL, TEXAS 88 CITY OF COPPELL, TEXAS Required Supplemental Information Supplemental Death Benefits Fund Schedule of Changes in Total OPEB Liability and Related Ratios Last Four Measurement Years (Unaudited) Measurement Year ‐ December 31, 2020 2019 2018 2017 Total OPEB liability Service cost $ 60,771            $ 42,515                   $ 51,303                   $ 42,302                    Interest 35,633            40,194                   34,037                   32,690                    Changes of benefit terms Difference between expected and actual experience (22,070)           (94,355)                  59,862                   ‐                               Changes in assumptions or other inputs 228,772          221,080                 (79,805)                  89,663                    Benefit payments (6,397)             (6,074)                    (5,700)                    (5,640)                     Net change in total OPEB liability 296,709          203,360                 59,697                   159,015                  Total OPEB liability ‐ beginning 1,268,549       1,065,189             1,005,492             846,477                  Total OPEB liability ‐ ending $ 1,565,258       $ 1,268,549             $ 1,065,189             $ 1,005,492               Covered‐employee payroll $ 31,984,978    $ 30,367,976           $ 28,501,610           $ 28,201,294            Total OPEB liability as a percentage of covered‐employee payroll 4.89%4.18%3.74%3.57% Note:  This schedule is intended to show information for ten years.  Information for additional years will be displayed    as it becomes available. CITY OF COPPELL, TEXAS 89 CITY OF COPPELL, TEXAS Required Supplemental Information Supplemental Death Benefits Fund Schedule of OPEB Contributions Last Four Fiscal Years (Unaudited)   Actuarially determined contribution $6,397                          $6,216                          $5,982                          $5,673                               Contribution in relation to the actuarially determined contribution 6,397                          6,216                          5,982                          5,673                               Contribution deficiency (excess)$‐                                    $‐                                    $‐                                    $‐                                        Covered‐employee payroll $ 31,401,822                 $ 31,075,303                 $ 29,912,752                 $28,637,042                     Contributions as a percentage of covered‐ employee payroll 0.02%0.02%0.02%0.02%   Notes to Schedule  Valuation Date:  Actuarially determined contribution rates are calculated as of     December 31 and become effective in January 13 months later.  Methods and Assumptions Used to Determine Contribution Rates:  Asset Valuation No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB     Statement No. 75 to pay related benefits. Inflation 2.50% Salary Increases 3.50% to 11.5% including inflation Discount Rate Fidelity Index's "20‐Year Municipal GO AA Index" rate as of measurement date. Retiree's share of benefit‐related costs $0 Administrative expenses All administrative expenses are paid through the Pension Trust and accounted for     under reporting requirements under GASB Statement No. 68 Retirement Age Experience‐based table of rates that are specific to the City's plan of benefits.  Mortality ‐ service retirees 2019 Municipal Retirees of Texas Mortality Tables.  The rates are projected on a      fully generational basis with scale UMP. Mortality ‐ disabled 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 morality improvements     subject to the floor. Other Information:The actuarial assumptions used in the December 31, 2019 valuation were based     on the results of an actuarial experience study for the period December 31,     2014 to December 31, 2018. Note:  This schedule is intended to show information for ten years.  Information for additional years will be displayed as it   becomes available. Fiscal YearFiscal Year 2021 Fiscal Year 20182019 Fiscal Year 2020 CITY OF COPPELL, TEXAS 90 NONMAJOR GOVERNMENTAL FUNDS    Special Revenue Funds     Special Revenue Funds are used to account for specific revenues that are restricted or committed  to expenditures for specified purposes other than debt service or capital projects.     Donations Fund ‐ To account for donations received by the City with expenditures restricted to  use for the library, parks, economic development and fire department programs.    Parks Fund ‐ To account for revenues that are restricted for park improvements.    Police Fund  ‐  To account for revenues restricted for special policing purposes.    Child Safety Fund ‐ To account for revenues restricted for programs to enhance child safety.    Crime Prevention Fund – To account for revenue restricted for Crime Prevention programs which  include the School Resource Officer Program, the Community Services Program and the Patrol  Prevention Program.    Municipal Court Fund ‐ To account for revenues restricted for Municipal Court security issues.     Red Light Enforcement Fund ‐ To account for revenues that are restricted for traffic safety,  pedestrian safety, public safety, intersection improvement, and traffic enforcement.    Juvenile Case Manager Fund ‐ To account for revenues that are restricted for the necessary  expenditures related to the position of Juvenile Case Manager.    Recreation Development Corporation #2 ‐ To account for revenues which are restricted for the  Coppell Recreation Development Corporation, a blended component unit of the City.    Court Technology Fund ‐ To account for revenues that are restricted for financing the purchase of  technological enhancements for the Municipal Court.    Tree Preservation Fund ‐ To account for revenues that are restricted for tree preservation.    Judicial Efficiency Fund ‐ To account for revenue restricted for uses that improve the efficiency of  the administration of justice in the City.    Economic Development Foundation Fund ‐ A blended component unit of the City of Coppell  established for the purpose of promoting economic development and business opportunities  within the City.    Drainage Utility District Fund ‐ To account for revenues that are restricted for storm water control  development.    Rolling Oaks Cemetery Fund – To account for revenues that are restricted for the administration  of the cemetery.    CITY OF COPPELL, TEXAS 91 Cemetery Pre‐need Fund – To account for proceeds of sales that are restricted until purchase of  memorials and their installation is complete.    Hotel Occupancy Tax Fund – To account for tax revenues collected on room rentals and restricted  for the promotion of tourism and the convention and hotel industry.    Coppell Arts Center Fund – To account for revenues received by the City with expenditures  restricted to use for the Coppell Arts Center.    Debt Service Fund    Debt Service Funds are used to account for the accumulation of resources for and payment of  principal, interest and other related costs on long‐term debt.    Recreation Development Corporation Fund ‐ To account for debt service activities relating to  indebtedness of the Coppell Recreation Development Corporation.    Capital Projects Funds     Capital Projects Funds are used to account for financial resources used for the acquisition and  construction of capital facilities (other than those financed by proprietary funds).    Drainage Fund ‐ To account for financing and construction of various drainage projects within the  City.     Fire Fund ‐ To account for financing and capital improvement of and for Fire department.     Cemetery Fund ‐ To account for financing and capital improvement of and for Cemetery.    City Facilities Fund ‐ To account for the financing and construction of City facilities.    City Funded Capital Improvement Project Fund ‐ To account for the financing and construction of  City funded capital improvement projects.    Capital Projects Recreation Development Fund ‐ To account for the financing and construction of  cultural and recreational projects financed through the Coppell Recreation Development  Corporation.     Permanent Fund    Permanent Funds are used to report resources that are legally restricted to the extent that only  earnings, and not principal, may be used to support programs of the City.    Perpetual Care Fund – To account for the assets and earnings used to support the operation and  maintenance of the Rolling Oaks Cemetery.  CITY OF COPPELL, TEXAS 92 CITY OF COPPELL, TEXAS 93 CITY OF COPPELL, TEXAS Combining Balance Sheet Nonmajor funds September 30, 2021 Donations Police Child Safety Crime  Prevention Municipal  Court ASSETS Cash  $         273,437  $         220,381  $           77,190                   1,149  $           78,687  Investments                          ‐                           ‐              100,110         15,108,766              300,331  Taxes receivable                          ‐                           ‐                           ‐           1,215,776                           ‐  Accounts receivable, net of receivable of $6,958                          ‐                           ‐                      902                      464                           ‐  Interest receivable                          ‐                           ‐                           ‐                   3,042                           ‐  Other receivable                          ‐                           ‐                           ‐                           ‐                           ‐  Due from other funds                          ‐                           ‐                           ‐                           ‐                           ‐  Prepaid items                          ‐                           ‐                           ‐                           ‐                           ‐  Total assets             273,437              220,381              178,202         16,329,197              379,018  DEFERRED OUTFLOWS OF RESOURCES Total deferred outflows of resources                          ‐                           ‐                           ‐                   2,051                           ‐  Total assets and deferred outflows of resources  $         273,437  $         220,381  $         178,202  $    16,331,248  $         379,018  LIABILITIES Accounts payable  $              1,175  $           22,969  $                      ‐   $           63,547  $                      ‐  Accrued liabilities                          ‐                           ‐                           ‐                 25,736                           ‐  Due to other funds                          ‐                           ‐                           ‐                           ‐                           ‐  Retainage payable                          ‐                           ‐                           ‐                           ‐                           ‐  Unearned revenue                          ‐                           ‐                           ‐                           ‐                           ‐  Total liabilities                  1,175                 22,969                           ‐                 89,283                           ‐  DEFERRED INFLOWS OF RESOURCES Unavailable revenue                          ‐                           ‐                           ‐              614,207                           ‐  Total deferred inflow of resources                          ‐                           ‐                           ‐              614,207                           ‐  FUND BALANCES (DEFICITS) Nonspendable                          ‐                           ‐                           ‐                           ‐                           ‐  Restricted Public safety                25,413              197,412              178,202         15,627,758              379,018  Culture and recreation             237,190                           ‐                           ‐                           ‐                           ‐  Economic development                  9,659                           ‐                           ‐                           ‐                           ‐  Capital projects                          ‐                           ‐                           ‐                           ‐                           ‐  Debt service                          ‐                           ‐                           ‐                           ‐                           ‐  Committed Public works                          ‐                           ‐                           ‐                           ‐                           ‐  Culture and recreation                          ‐                           ‐                           ‐                           ‐                           ‐  Economic development                          ‐                           ‐                           ‐                           ‐                           ‐  Unassigned                          ‐                           ‐                           ‐                           ‐                           ‐  Total fund balances  $         272,262  $         197,412  $         178,202  $    15,627,758  $         379,018  Total liabilities, deferred inflows of resources, and  fund balances  $         273,437  $         220,381  $         178,202  $    16,331,248  $         379,018  Special Revenue CITY OF COPPELL, TEXAS 94 (continued) Red Light  Enforcement Juvenile Case  Manager Recreation  Development  Corporation #2 Court  Technology Tree  Preservation Judicial  Efficiency Economic  Development  Foundation Drainage Utility  District  $            33,772  $            45,326  $              2,882  $            20,351  $          294,603  $            18,972  $            18,127  $          202,513               467,027               300,331         11,815,217                            ‐               100,124                            ‐                         76               495,736                            ‐                            ‐           1,872,031                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                 15,000                            ‐                            ‐                            ‐                            ‐                 60,817                            ‐                            ‐                   2,340                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                           ‐                   4,375                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐               693,000                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐               500,799               345,657         14,404,845                 20,351              394,727                18,972                 18,203               759,066                            ‐                            ‐                   4,153                            ‐                            ‐                            ‐                            ‐                            ‐   $          500,799  $          345,657  $    14,408,998  $            20,351  $          394,727  $            18,972  $            18,203  $          759,066   $                       ‐   $                  346  $          423,467  $                       ‐   $                       ‐   $                       ‐   $                       ‐   $            52,065                            ‐                       309                 13,577                            ‐                            ‐                            ‐                            ‐                   2,432                            ‐                           ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                 18,060                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                       655               455,104                            ‐                           ‐                           ‐                            ‐                 54,497                            ‐                            ‐               930,498                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐               930,498                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐               500,799               345,002                            ‐                 20,351                            ‐                 18,972                            ‐                            ‐                            ‐                            ‐         13,023,396                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐               704,569                            ‐                            ‐                            ‐                            ‐               394,727                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                 18,203                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐   $          500,799  $          345,002  $    13,023,396  $            20,351  $          394,727  $            18,972  $            18,203  $          704,569   $          500,799  $          345,657  $    14,408,998  $            20,351  $          394,727  $            18,972  $            18,203  $          759,066  Special Revenue CITY OF COPPELL, TEXAS 95 CITY OF COPPELL, TEXAS Combining Balance Sheet Nonmajor funds September 30, 2021 Debt Service Rolling Oaks  Cemetery Cemetery Pre‐ Need Hotel  Occupancy Tax Coppell Arts  Center Recreation  Development  Corporation ASSETS Cash  $            12,918  $          987,734  $          363,669  $                       ‐   $                  461  Investments          1,052,322                            ‐               274,205                            ‐               522,127  Taxes receivable                           ‐                            ‐                            ‐                            ‐               580,481  Accounts receivable          1,481,361                 51,326                 99,499                            ‐                            ‐  Interest receivable                           ‐                            ‐                       240                            ‐                            ‐  Other receivable                  1,200                            ‐                            ‐                            ‐                            ‐  Due from other funds                44,000                            ‐                            ‐                            ‐                            ‐  Prepaid items                           ‐                            ‐                            ‐                            ‐                            ‐  Total assets          2,591,801           1,039,060               737,613                            ‐           1,103,069  DEFERRED OUTFLOWS OF RESOURCES Total deferred outflows of resources                           ‐                            ‐                            ‐                            ‐                            ‐  Total assets and deferred outflows of resources  $      2,591,801  $      1,039,060  $          737,613  $                       ‐   $      1,103,069  LIABILITIES Accounts payable  $            50,758  $              3,386  $            31,358  $                       ‐   $                       ‐  Accrued liabilities                  3,145                            ‐                            ‐                            ‐                            ‐  Due to other funds                           ‐                            ‐                            ‐                            ‐               693,000  Retainage payable                           ‐                            ‐                            ‐                            ‐                            ‐  Unearned revenue                           ‐           1,035,674                            ‐                            ‐                            ‐  Total liabilities                53,903           1,039,060                 31,358                            ‐               693,000  DEFERRED INFLOWS OF RESOURCES Unavailable revenue          1,383,459                            ‐                            ‐                            ‐               302,865  Total deferred inflow of resources          1,383,459                            ‐                            ‐                            ‐               302,865  FUND BALANCES (DEFICITS) Nonspendable                           ‐                            ‐                            ‐                            ‐                            ‐  Restricted Public safety                           ‐                            ‐                            ‐                            ‐                            ‐  Culture and recreation                           ‐                            ‐               706,255                            ‐                            ‐  Economic development                           ‐                            ‐                            ‐                            ‐                            ‐  Capital projects                           ‐                            ‐                            ‐                            ‐                            ‐  Debt service                           ‐                            ‐                            ‐                            ‐               107,204  Committed Public works                           ‐                            ‐                            ‐                            ‐                            ‐  Culture and recreation          1,154,439                            ‐                            ‐                            ‐                            ‐  Economic development                           ‐                            ‐                            ‐                            ‐                            ‐  Unassigned                           ‐                            ‐                            ‐                            ‐                            ‐  Total fund balances  $      1,154,439  $                       ‐   $          706,255  $                       ‐   $          107,204  Total liabilities, deferred inflows of resources, and  fund balances  $      2,591,801  $      1,039,060  $          737,613  $                       ‐  $      1,103,069  Special Revenue CITY OF COPPELL, TEXAS 96 (concluded) Permanent  Drainage Fire Cemetery City Facilities City Funded CIP Capital Projects  Recreation  Development Perpetual Care Total Nonmajor  Funds  $            54,821  $                  268  $                  592  $          253,813  $          271,009  $          122,244  $          272,056  $      3,626,975           1,338,000           1,754,344                         40               505,884           1,364,664               909,960               702,679         37,111,943                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐           3,668,288                            ‐                            ‐                            ‐                 10,627                            ‐                            ‐                            ‐           1,719,996                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                         79                   5,701                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                   5,575                            ‐                            ‐                            ‐                            ‐                            ‐                           ‐                            ‐               737,000                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐           1,392,821           1,754,612                       632               770,324           1,635,673           1,032,204               974,814         46,875,478                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                   6,204   $      1,392,821  $      1,754,612  $                  632  $          770,324  $      1,635,673  $      1,032,204  $          974,814  $    46,881,682   $          644,386  $            28,900  $                       ‐   $              3,141  $            57,151  $              6,851  $                       ‐   $      1,389,500                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                 45,199                            ‐                            ‐           1,944,500                           ‐                            ‐                            ‐                            ‐           2,637,500                 67,642                            ‐                            ‐                            ‐                            ‐               497,955                            ‐               583,657                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐           1,035,674               712,028                 28,900           1,944,500                   3,141                 57,151               504,806                            ‐           5,691,530                            ‐                            ‐                            ‐                           ‐                            ‐                            ‐                            ‐           3,231,029                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐           3,231,029                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐               974,814               974,814                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐         17,292,927                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐         13,966,841                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                   9,659               680,793           1,725,712                            ‐               767,183           1,578,522               527,398                            ‐           5,279,608                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐               107,204                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐               704,569                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐                            ‐           1,549,166                            ‐                           ‐                            ‐                            ‐                            ‐                            ‐                            ‐                 18,203                            ‐                            ‐          (1,943,868)                          ‐                            ‐                            ‐                            ‐          (1,943,868)  $          680,793  $      1,725,712  $    (1,943,868) $          767,183  $      1,578,522  $          527,398  $          974,814  $    37,959,123   $      1,392,821  $      1,754,612  $                  632  $          770,324  $      1,635,673  $      1,032,204  $          974,814  $    46,881,682  Capital Projects CITY OF COPPELL, TEXAS 97 CITY OF COPPELL, TEXAS Nonmajor Governmental Funds For the Year Ended September 30, 2021 Donations Parks Police Child Safety Crime  Prevention Municipal Court REVENUES Taxes, penalties, and interest  $                         ‐   $                         ‐   $                         ‐   $                         ‐   $        6,895,043  $                         ‐  Licenses, fees, and permits                             ‐                              ‐                              ‐                              ‐                              ‐                              ‐  Charges for services                             ‐                              ‐                              ‐                              ‐                 224,718                              ‐  Fines and forfeitures                             ‐                              ‐                   82,970                   51,980                              ‐                   21,632  Investment earnings                             ‐                              ‐                              ‐                           61                 (21,680)                       183  Contributions                  23,797                              ‐                   28,816                              ‐                              ‐                              ‐  Miscellaneous                             ‐                              ‐                              ‐                              ‐                              ‐                              ‐  Total revenues                  23,797                              ‐                 111,786                   52,041             7,098,081                   21,815  EXPENDITURES Current: Public safety                    5,616                              ‐                   67,624                   21,325             2,844,278                              ‐  Public works                             ‐                              ‐                              ‐                              ‐                              ‐                              ‐  Culture and recreation                             ‐                              ‐                              ‐                              ‐                              ‐                              ‐  Debt service: Principal Retirement                             ‐                              ‐                              ‐                              ‐                              ‐                              ‐  Interest                             ‐                              ‐                              ‐                              ‐                              ‐                              ‐  Capital outlay: General government                             ‐                              ‐                              ‐                              ‐                              ‐                              ‐  Public safety                             ‐                              ‐                              ‐                              ‐                   51,445                              ‐  Public works                             ‐                              ‐                              ‐                              ‐                              ‐                              ‐  Culture and recreation                    1,104                              ‐                              ‐                              ‐                              ‐                              ‐  Total expenditures                    6,720                              ‐                   67,624                   21,325             2,895,723                              ‐  Excess (deficiency) of revenues over  expenditures                  17,077                              ‐                   44,162                   30,716            4,202,358                   21,815  OTHER FINANCING SOURCES (USES) Transfers in                             ‐                              ‐                              ‐                              ‐                              ‐                              ‐  Transfers out                             ‐                              ‐                              ‐                              ‐               (589,658)                            ‐  Proceeds from sale of capital assets                             ‐                              ‐                              ‐                              ‐                     8,834                              ‐  Total other financing sources (uses)                            ‐                              ‐                              ‐                              ‐               (580,824)                            ‐  Net change in fund balances                  17,077                              ‐                   44,162                   30,716             3,621,534                   21,815  Fund balances ‐ beginning                255,185                              ‐                 153,250                 147,486           12,006,224                 357,203  Fund balances ‐ ending  $           272,262  $                         ‐   $           197,412  $           178,202  $      15,627,758  $           379,018  Combining Statement of Revenues, Expenditures, and Changes in Fund  Special Revenue CITY OF COPPELL, TEXAS 98 (continued) Red Light Juvenile Case  Manager Recreation  Development  Corporation #2 Court  Technology Tree  Preservation Judicial  Efficiency Economic  Development  Foundation Drainage Utility  District  $                         ‐   $                         ‐   $      10,530,384  $                         ‐   $                         ‐   $                         ‐   $                         ‐   $                         ‐                              ‐                              ‐                              ‐                              ‐                 181,400                              ‐                              ‐                 609,778                              ‐                              ‐                 168,475                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                   23,763                              ‐                   18,604                              ‐                         363                              ‐                              ‐                         566                         183                 (46,573)                            ‐                     6,459                              ‐                           49                         295                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                         566                   23,946           10,652,286                   18,604                 187,859                         363                           49                 610,073                   10,039                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                 452,202                              ‐                              ‐             2,113,779                              ‐                   30,126                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                 168,519                              ‐                 152,066                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                   94,643                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐             1,647,923                              ‐                              ‐                              ‐                              ‐                              ‐                 152,066                   10,039             3,856,345                              ‐                   30,126                              ‐                 168,519                 452,202               (151,500)                 13,907             6,795,941                   18,604                157,733                         363               (168,470)               157,871                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐           (3,685,634)                            ‐                              ‐                              ‐                              ‐                              ‐                     6,105                              ‐                              ‐                              ‐                              ‐                              ‐                 168,519                              ‐                     6,105                              ‐           (3,685,634)                            ‐                              ‐                             ‐                 168,519                              ‐               (145,395)                 13,907             3,110,307                   18,604                 157,733                         363                           49                 157,871                 646,194                 331,095             9,913,089                     1,747                 236,994                   18,609                   18,154                 546,698   $           500,799  $           345,002  $      13,023,396  $              20,351  $           394,727  $              18,972  $              18,203  $           704,569  Special Revenue CITY OF COPPELL, TEXAS 99 CITY OF COPPELL, TEXAS Nonmajor Governmental Funds For the Year Ended September 30, 2021 Debt Service Rolling Oaks  Cemetery Cemetery Pre‐ need Hotel  Occupancy Tax Coppell Arts  Center Recreation  Development  Corporation REVENUES Taxes, penalties, and interest  $                         ‐   $                         ‐   $           328,301  $                         ‐   $        3,331,394  Licenses, fees, and permits                             ‐                              ‐                              ‐                              ‐                              ‐  Charges for services            2,030,311                              ‐                              ‐                              ‐                              ‐  Fines and forfeitures                             ‐                              ‐                              ‐                              ‐                              ‐  Investment earnings                          74                              ‐                         670                              ‐                         400  Contributions                             ‐                              ‐                              ‐                              ‐                              ‐  Miscellaneous                  58,243                              ‐                              ‐                              ‐                              ‐  Total revenues            2,088,628                              ‐                 328,971                              ‐             3,331,794  EXPENDITURES Current: Public safety                             ‐                              ‐                              ‐                              ‐                              ‐  Public works                             ‐                              ‐                              ‐                              ‐                              ‐  Culture and recreation            1,336,809                              ‐                   31,600                   20,500                              ‐  Debt service: Principal retirement                             ‐                              ‐                              ‐                              ‐             1,585,000  Interest                             ‐                              ‐                              ‐                              ‐             1,747,294  Capital outlay:                            ‐  General government                             ‐                              ‐                              ‐                              ‐                              ‐  Public safety                             ‐                              ‐                              ‐                              ‐                              ‐  Public works                             ‐                              ‐                              ‐                              ‐                              ‐  Culture and recreation                             ‐                              ‐                              ‐                              ‐                              ‐  Total expenditures            1,336,809                              ‐                   31,600                   20,500             3,332,294  Excess (deficiency) of revenues over  expenditures                751,819                              ‐                 297,371                 (20,500)                     (500) OTHER FINANCING SOURCES (USES) Transfers in                             ‐                              ‐                              ‐                              ‐                              ‐  Transfers out                             ‐                              ‐                              ‐                              ‐                              ‐  Proceeds from sale of capital assets                             ‐                              ‐                              ‐                              ‐                              ‐  Total other financing sources (uses)                            ‐                              ‐                              ‐                              ‐                              ‐  Net change in fund balances                751,819                              ‐                 297,371                 (20,500)                     (500) Fund balances ‐ beginning                402,620                              ‐                 408,884                   20,500                 107,704  Fund balances ‐ ending  $        1,154,439  $                         ‐   $           706,255  $                         ‐   $           107,204  Special Revenue Combining Statement of Revenues, Expenditures, and Changes in Fund Balances CITY OF COPPELL, TEXAS 100 (concluded) Permanent  Drainage Fire Cemetery City Facilities City Funded CIP Capital Projects  Recreation  Development Perpetual Care Total Nonmajor  Governmental  Funds  $                         ‐   $                         ‐   $                         ‐   $                         ‐   $                         ‐   $                         ‐   $                         ‐   $      21,085,122                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                 791,178                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                 270,527             2,694,031                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                 199,312                              ‐                         744                         286                         677                         781                     1,171                       (271)               (55,925)                             ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                   52,613                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                   58,243                              ‐                         744                         286                         677                         781                     1,171                 270,256           24,824,574                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐             2,948,882                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                 452,202                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐             3,532,814                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐             1,585,000                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐                              ‐             1,747,294                              ‐                              ‐                              ‐                              ‐                              ‐                 374,216                              ‐                              ‐                 542,735                              ‐             3,265,783                              ‐                              ‐                   49,694                              ‐                              ‐             3,518,988             1,378,454                              ‐                              ‐                 150,212                 111,721                             ‐             1,735,030                              ‐                              ‐             1,391,985                              ‐                              ‐                680,578                              ‐             3,721,590             1,378,454             3,265,783             1,391,985                 150,212                535,631                 680,578                              ‐           19,784,535           (1,378,454)         (3,265,039)         (1,391,699)             (149,535)             (534,850)             (679,407)               270,256             5,040,039                              ‐                              ‐                              ‐                              ‐                 777,000                              ‐                              ‐                 777,000                              ‐                              ‐                              ‐                       (277)                            ‐                              ‐                              ‐           (4,275,569)                             ‐                              ‐                              ‐                 358,881                              ‐                              ‐                              ‐                 542,339                              ‐                              ‐                              ‐                 358,604                 777,000                              ‐                              ‐           (2,956,230)          (1,378,454)         (3,265,039)         (1,391,699)               209,069                 242,150              (679,407)               270,256             2,083,809             2,059,247             4,990,751               (552,169)               558,114             1,336,372             1,206,805                 704,558           35,875,314   $           680,793  $        1,725,712  $      (1,943,868) $           767,183  $        1,578,522  $           527,398  $           974,814  $      37,959,123  Capital Projects CITY OF COPPELL, TEXAS 101 Variance with Original Final Actual Final Budget REVENUES Investment earnings  $                      500  $                      100  $                           ‐   $                    (100) Contributions                    20,500                     24,546                     23,797                         (749) Total revenues                    21,000                     24,646                     23,797                         (849) EXPENDITURES Current: Public safety                    16,500                     16,433                        5,616                     10,817  Culture and recreation                               ‐                                ‐                                ‐                                ‐  Total current                    16,500                     16,433                        5,616                     10,817  Capital outlay: Culture and recreation                               ‐                        1,095                        1,104                              (9) Total capital outlay                               ‐                        1,095                        1,104                              (9) Total expenditures                    16,500                    17,528                        6,720                     10,808  Excess of revenues over expenditures                       4,500                        7,118                     17,077                        9,959  Net change in fund balance                       4,500                        7,118                     17,077                        9,959  Fund balances ‐ beginning                  255,185                   255,185                   255,185                                ‐  Fund balances ‐ ending  $              259,685  $              262,303  $              272,262  $                  9,959  Budgeted Amounts Donations CITY OF COPPELL, TEXAS Donations Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 102 Variance with Original Final Actual Final Budget REVENUES Investment earnings  $                  5,000  $                  5,000  $                         ‐     $                 (5,000) Total revenues                       5,000                        5,000                                ‐                      (5,000) EXPENDITURES Current: Culture & Recreation                               ‐                                ‐                                ‐                                ‐  Total current                               ‐                                ‐                                ‐                                ‐  Capital outlay: Culture & Recreation                               ‐                                ‐                                ‐                                ‐  Total capital outlay                               ‐                                ‐                                ‐                                ‐  Total expenditures                               ‐                                ‐                                ‐                                ‐  Excess of revenues over expenditures                       5,000                        5,000                                ‐                      (5,000) Net change in fund balance                       5,000                        5,000                                ‐                      (5,000) Fund balance ‐ beginning                               ‐                                ‐                                ‐                                ‐  Fund balance ‐ ending  $                  5,000  $                  5,000  $                         ‐     $                 (5,000) Budgeted Amounts Parks CITY OF COPPELL, TEXAS Parks Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 103 Variance with Original Final Actual Final Budget REVENUES Fines and Forfeitures  $                  6,200  $                72,068  $                82,970  $                10,902  Investment earnings                       1,000                           500                                ‐                         (500) Contributions                       5,000                     25,000                     28,816                        3,816  Total revenues                    12,200                     97,568                   111,786                     14,218  EXPENDITURES Current: Public Safety                    75,000                     90,860                     67,624                     23,236  Total current                    75,000                     90,860                     67,624                     23,236  Total expenditures                    75,000                     90,860                     67,624                     23,236  Excess (deficiency) of revenues over  expenditures                   (62,800)                      6,708                    44,162                     37,454  Net change in fund balance                   (62,800)                      6,708                     44,162                     37,454  Fund balance ‐ beginning                  153,250                   153,250                   153,250                                ‐  Fund balance ‐ ending  $                90,450  $              159,958  $              197,412  $                37,454  Budgeted Amounts Police CITY OF COPPELL, TEXAS Police Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 104 Variance with Original Final Actual Final Budget REVENUES Fines and Forfeitures  $               12,500  $               50,000  $               51,980  $                  1,980  Investment Earnings                              ‐                          100                            61                           (39) Total revenues                    12,500                     50,100                     52,041                       1,941  EXPENDITURES Current: Public Safety                    39,000                     39,000                     21,325                     17,675  Total current                    39,000                     39,000                     21,325                     17,675  Total expenditures                    39,000                     39,000                     21,325                     17,675  Excess (deficiency) of revenues over  expenditures                  (26,500)                   11,100                    30,716                     19,616  Net change in fund balance                  (26,500)                   11,100                     30,716                     19,616  Fund balances ‐ beginning                 147,486                  147,486                  147,486                               ‐  Fund balances ‐ ending  $             120,986  $             158,586  $             178,202  $               19,616  Budgeted Amounts Child Safety CITY OF COPPELL, TEXAS Child Safety Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 105 Variance with Original Final Actual Final Budget REVENUES Taxes, Penalties, and Interest  $          3,324,750  $          6,140,468  $          6,895,043  $              754,575  Charges for services                  331,875                   224,719                   224,718                              (1) Investment earnings                  100,000                     60,000                    (21,680)                  (81,680) Total revenues               3,756,625                6,425,187                7,098,081                   672,894  EXPENDITURES Current: Public Safety               3,439,659                3,509,501                2,844,278                   665,223  Total current               3,439,659                3,509,501                2,844,278                   665,223  Capital outlay: Public Safety                    25,000                   106,396                    51,445                     54,951  Total capital outlay                    25,000                   106,396                     51,445                     54,951  Total expenditures               3,464,659                3,615,897                2,895,723                   720,174  Excess of revenues over expenditures                  291,966                2,809,290                4,202,358                1,393,068  OTHER FINANCING SOURCES (USES) Transfers out                (589,658)               (589,658)               (589,658)                              ‐  Proceeds from sale of capital assets                               ‐                        8,834                        8,834                                ‐  Total other financing sources (uses)               (589,658)               (580,824)               (580,824)                              ‐  Net change in fund balance                (297,692)              2,228,466                3,621,534                1,393,068  Fund balances ‐ beginning            12,006,224             12,006,224             12,006,224                                ‐  Fund balances ‐ ending  $        11,708,532  $        14,234,690  $        15,627,758  $          1,393,068  Budgeted Amounts Crime Prevention CITY OF COPPELL, TEXAS Crime Prevention Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 106 Variance with Original Final Actual Final Budget REVENUES Fines and Forfeitures  $                20,000  $                20,000  $                21,632  $                  1,632  Investment earnings                       1,000                        1,000                           183                         (817) Total revenues                    21,000                     21,000                     21,815                           815  EXPENDITURES Current: Public Safety                       6,000                        6,000                                ‐                        6,000  Total current                       6,000                        6,000                                ‐                        6,000  Capital outlay: Total expenditures                       6,000                        6,000                                ‐                        6,000  Excess of revenues over expenditures                    15,000                     15,000                     21,815                        6,815  Net change in fund balance                    15,000                    15,000                     21,815                        6,815  Fund balances ‐ beginning                  357,203                   357,203                   357,203                                ‐  Fund balances ‐ ending  $              372,203  $              372,203  $              379,018  $                  6,815  Budgeted Amounts Municipal Court CITY OF COPPELL, TEXAS Municipal Court Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 107 Variance with Original Final Actual Final Budget REVENUES Investment earnings  $                           ‐   $                      600  $                      566  $                      (34) Total revenues                               ‐                           600                           566                           (34) EXPENDITURES Capital outlay: Public Safety                               ‐                   627,889                   152,066                   475,823  Total capital outlay                               ‐                   627,889                   152,066                   475,823  Total expenditures                               ‐                   627,889                   152,066                   475,823  Deficiency of revenues under expenditures                               ‐                 (627,289)               (151,500)                 475,789  OTHER FINANCING SOURCES Proceeds from sale of capital assets                               ‐                        6,105                       6,105                                ‐  Total other financing sources                               ‐                        6,105                        6,105                                ‐  Net change in fund balance                               ‐                 (621,184)               (145,395)                 475,789  Fund balances ‐ beginning                  646,194                   646,194                   646,194                                ‐  Fund balances ‐ ending  $              646,194  $                25,010  $              500,799  $              475,789  Budgeted Amounts Red Light Enforcement CITY OF COPPELL, TEXAS Red Light Enforcement Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 108 Variance with Original Final Actual Final Budget REVENUES Fines and Forfeitures  $               45,000  $               45,000  $               23,763  $              (21,237) Investment earnings                      1,000                       1,000                          183                        (817) Total revenues                    46,000                     46,000                     23,946                   (22,054) EXPENDITURES Current: Public Safety                    23,048                     23,048                     10,039                     13,009  Total current                    23,048                     23,048                     10,039                     13,009  Total expenditures                    23,048                     23,048                     10,039                     13,009  Excess of revenues over expenditures                    22,952                     22,952                     13,907                    (9,045) Net change in fund balance                    22,952                     22,952                     13,907                     (9,045) Fund balances ‐ beginning                 331,095                  331,095                  331,095                               ‐  Fund balances ‐ ending  $             354,047  $             354,047  $             345,002  $                (9,045) Budgeted Amounts Juvenile Case Manager CITY OF COPPELL, TEXAS Juvenile Case Manager Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 109 Variance with Original Final Actual Final Budget REVENUES Taxes, Penalties, and Interest  $          3,317,990  $        10,233,668  $        10,530,384  $              296,716  Charges for Services                  799,930                     60,000                   168,475                   108,475  Investment earnings                  100,000                     30,000                    (46,573)                  (76,573) Contributions                               ‐                                ‐                                ‐                                ‐  Total revenues               4,217,920             10,323,668             10,652,286                   328,618  EXPENDITURES Current: Culture & Recreation               2,171,306                3,084,840                2,113,779                   971,061  Total current               2,171,306                3,084,840                2,113,779                   971,061  Capital outlay: Public Works                               ‐                  273,487                     94,643                   178,844  Culture & Recreation                               ‐                1,810,097                1,647,923                   162,174  Total capital outlay                               ‐                2,083,584                1,742,566                   341,018  Total expenditures               2,171,306                5,168,424                3,856,345                1,312,079  Excess of revenues over expenditures               2,046,614                5,155,244                6,795,941                1,640,697  OTHER FINANCING USES Transfers out             (1,372,867)            (3,435,884)            (3,685,634)               (249,750) Total other financing uses             (1,372,867)            (3,435,884)            (3,685,634)               (249,750) Net change in fund balance                  673,747               1,719,360                3,110,307                1,390,947  Fund balances ‐ beginning               9,913,089                9,913,089                9,913,089                                ‐  Fund balances ‐ ending  $        10,586,836  $        11,632,449  $        13,023,396  $          1,390,947  Budgeted Amounts Recreation Development Corporation #2 CITY OF COPPELL, TEXAS Recreation Development Corporation #2 Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 110 Variance with Original Final Actual Final Budget REVENUES Fines and Forfeitures  $                22,000  $                22,000  $                18,604  $                 (3,396) Investment earnings                       1,000                        1,000                                ‐                      (1,000) Total revenues                    23,000                     23,000                     18,604                      (4,396) EXPENDITURES Capital outlay: Public Safety                               ‐                                ‐                                ‐                                ‐  Total capital outlay                               ‐                                ‐                                ‐                                ‐  Total expenditures                               ‐                                ‐                                ‐                                ‐  Excess (deficiency) of revenues over  expenditures                    23,000                     23,000                     18,604                      (4,396) Net change in fund balance                    23,000                     23,000                    18,604                      (4,396) Fund balances ‐ beginning                       1,747                        1,747                        1,747                                ‐  Fund balances ‐ ending  $                24,747  $                24,747  $                20,351  $                 (4,396) Budgeted Amounts Court Technology CITY OF COPPELL, TEXAS Court Technology Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 111 Variance with Original Final Actual Final Budget REVENUES Licenses, Fees and Permits  $                           ‐   $              181,400  $              181,400  $                           ‐  Investment earnings                          400                     10,000                        6,459                      (3,541) Total revenues                          400                   191,400                   187,859                      (3,541) EXPENDITURES Current: Culture & Recreation                    70,000                   155,000                     30,126                   124,874  Total current                    70,000                   155,000                     30,126                   124,874  Total expenditures                    70,000                   155,000                     30,126                   124,874  Excess (deficiency) of revenues over  expenditures                   (69,600)                   36,400                   157,733                   121,333  Net change in fund balance                   (69,600)                   36,400                   157,733                   121,333  Fund balances ‐ beginning                  236,994                   236,994                   236,994                                ‐  Fund balances ‐ ending  $              167,394  $              273,394  $              394,727  $              121,333  Budgeted Amounts Tree Preservation CITY OF COPPELL, TEXAS Tree Preservation Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 112 Variance with Original Final Actual Final Budget REVENUES Fines and Forfeitures  $                  4,500  $                  4,500  $                      363  $                 (4,137) Total revenues                       4,500                        4,500                           363                      (4,137) EXPENDITURES Current                               ‐                                ‐                                ‐                                ‐  Capital outlay                               ‐                                ‐                                ‐                                ‐  Excess of revenues over expenditures                       4,500                        4,500                           363                      (4,137) Net change in fund balance                       4,500                        4,500                           363                      (4,137) Fund balances ‐ beginning                    18,609                     18,609                     18,609                                ‐  Fund balances ‐ ending  $                23,109  $                23,109  $                18,972  $                 (4,137) Budgeted Amounts Judicial Efficiency CITY OF COPPELL, TEXAS Judicial Efficiency Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 113 Variance with Original Final Actual Final Budget REVENUES Investment earnings  $                          ‐   $                       50  $                       49  $                        (1) Total revenues                              ‐                            50                            49                             (1) EXPENDITURES Capital Outlay: General Government                              ‐                  168,519                  168,519                               ‐  Deficiency of revenues under  expenditures                              ‐                 (168,469)               (168,470)                           (1) OTHER FINANCING SOURCES Proceeds from sale of capital assets                 168,519                  168,519  Total other financing sources                              ‐                  168,519                  168,519                               ‐  Net change in fund balance                              ‐                            50                           49                             (1) Fund balances ‐ beginning                    18,154                     18,154                     18,154                               ‐  Fund balances ‐ ending  $               18,154  $               18,204  $               18,203  $                        (1) Budgeted Amounts Economic Development Foundation CITY OF COPPELL, TEXAS Coppell Economic Development Foundation Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 114 Variance with Original Final Actual Final Budget REVENUES Licenses, Fees and Permits  $              250,000  $              624,000  $              609,778  $              (14,222) Investment earnings                       5,000                        5,000                           295                      (4,705) Total revenues                  255,000                   629,000                   610,073                    (18,927) EXPENDITURES Current: Public Works                  502,948                   745,983                   452,202                   293,781  Total current                  502,948                   745,983                   452,202                   293,781  Capital Outlay Public Works                               ‐                   396,253                                ‐                   396,253  Total capital outlay                               ‐                   396,253                                ‐                   396,253  Total expenditures                  502,948               1,142,236                   452,202                   690,034  Excess (deficiency) of revenues over  expenditures                (247,948)               (513,236)                 157,871                   671,107  Net change in fund balance                (247,948)               (513,236)                 157,871                   671,107  Fund balances ‐ beginning                  546,698                   546,698                   546,698                                ‐  Fund balances ‐ ending  $              298,750  $                33,462  $              704,569  $              671,107  Budgeted Amounts Drainage Utility District CITY OF COPPELL, TEXAS Drainage Utility District Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 115 Variance with Original Final Actual Final Budget REVENUES Charges for Services  $              650,000  $          2,365,000  $          2,030,311  $            (334,689) Investment earnings                       3,000                        3,000                             74                      (2,926) Miscellaneous                  346,667                     46,729                     58,243                     11,514  Total revenues                  999,667                2,414,729                2,088,628                 (326,101) EXPENDITURES Current: Culture & Recreation               1,270,531                1,603,309                1,336,809                   266,500  Total expenditures               1,270,531                1,603,309                1,336,809                   266,500  Excess (deficiency) of revenues over  expenditures                (270,864)                 811,420                  751,819                    (59,601) Net change in fund balance                (270,864)                 811,420                   751,819                    (59,601) Fund balances ‐ beginning                  402,620                   402,620                   402,620                                ‐  Fund balances ‐ ending  $              131,756  $          1,214,040  $          1,154,439  $              (59,601) Budgeted Amounts Rolling Oaks Cemetery CITY OF COPPELL, TEXAS Rolling Oaks Cemetery Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 116 Variance with Original Final Actual Final Budget REVENUES Charges for Services  $                           ‐   $                           ‐   $                           ‐   $                           ‐  Total revenues                               ‐                                ‐                                ‐                                ‐  EXPENDITURES Current: Culture & Recreation                               ‐                                ‐                                ‐                                ‐  Total expenditures                               ‐                                ‐                                ‐                                ‐  Excess (deficiency) of revenues over  expenditures                               ‐                                ‐                                ‐                                ‐  Net change in fund balance                               ‐                                ‐                                ‐                                ‐  Fund balances ‐ beginning                               ‐                                ‐                                ‐                                ‐  Fund balances ‐ ending  $                           ‐   $                           ‐   $                           ‐   $                           ‐  Budgeted Amounts Cemetery Pre‐need CITY OF COPPELL, TEXAS Cemetery Pre‐need Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 117 Variance with Original Final Actual Final Budget REVENUES Taxes, Penalties, and Interest  $             100,000  $             100,000  $             328,301  $             228,301  Investment earnings 1,000 1,000 670 (330) Total revenues                 101,000                  101,000                  328,971                  227,971  EXPENDITURES Current: Culture & Recreation 25,000 31,600 31,600 ‐  Total expenditures 25,000 31,600 31,600 ‐  Excess of revenues over expenditures 76,000 69,400                  297,371                  227,971  Net change in fund balance 76,000 69,400                  297,371                  227,971  Fund balances ‐ beginning                 408,884                  408,884                  408,884 ‐  Fund balances ‐ ending  $             484,884  $             478,284  $             706,255  $             227,971  Budgeted Amounts Hotel Occupancy Tax CITY OF COPPELL, TEXAS Hotel Occupancy Tax Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 118 Variance with Original Final Actual Final Budget REVENUES Contributions  $                          ‐   $                          ‐   $                          ‐   $                          ‐  Total revenues                              ‐                               ‐                               ‐                               ‐  EXPENDITURES Current:                             ‐                               ‐                               ‐                               ‐  Culture and Recreation                              ‐                               ‐                     20,500                   (20,500) Deficiency of revenues under  expenditures                              ‐                               ‐                   (20,500)                 (20,500) Net change in fund balance                              ‐                               ‐                   (20,500)                 (20,500) Fund balances ‐ beginning                    20,500                     20,500                     20,500                               ‐  Fund balances ‐ ending  $               20,500  $               20,500  $                          ‐   $              (20,500) Budgeted Amounts Coppell Arts Center CITY OF COPPELL, TEXAS Coppell Arts Center Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 119 Variance with Original Final Actual Final Budget REVENUES Taxes, penalties, and interest  $          3,331,394  $          3,331,394  $          3,331,394  $                           ‐  Investment earnings                    10,000                     10,000                           400                      (9,600) Total revenues               3,341,394                3,341,394                3,331,794                      (9,600) EXPENDITURES Debt service: Principal retirement               1,585,000                1,585,000                1,585,000                                ‐  Interest               1,752,394                1,752,394                1,747,294                        5,100  Total expenditures               3,337,394                3,337,394                3,332,294                        5,100  Excess (deficiency) of revenues over  expenditures                       4,000                        4,000                         (500)                    (4,500) Net change in fund balances                       4,000                       4,000                         (500)                    (4,500) Fund balances ‐ beginning                  107,704                   107,704                   107,704                                ‐  Fund balances ‐ ending  $              111,704  $              111,704  $              107,204  $                 (4,500) Budgeted Amounts Recreation Development Corporation CITY OF COPPELL, TEXAS Recreation Development Corporation Debt Service Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 120 Variance with Original Final Actual Final Budget REVENUES Charges for Services  $                           ‐   $                           ‐   $              270,527  $              270,527  Investment earnings                               ‐                                ‐                         (271)                       (271) Total revenues                               ‐                                ‐                   270,256                   270,256  EXPENDITURES Current: Culture and recreation                               ‐                                ‐                                ‐                                ‐  Total expenditures                               ‐                                ‐                                ‐                                ‐  Excess of revenues over expenditures                               ‐                                ‐                   270,256                   270,256  Net change in fund balance                               ‐                                ‐                   270,256                   270,256  Fund balance ‐ beginning                  704,558                   704,558                   704,558                                ‐  Fund balance ‐ ending  $              704,558  $              704,558  $              974,814  $              270,256  Budgeted Amounts CITY OF COPPELL, TEXAS Perpetual Care Rolling Oaks Cemetery Permanent Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 Perpetual Care ‐ Rolling Oaks Cemetery CITY OF COPPELL, TEXAS 121 CITY OF COPPELL, TEXAS 122 Debt Service Funds Debt Service Funds are used to account for the accumulation of resources for and payment of principal, interest and other related costs on long-term debt. General Obligation Fund - To account for debt service activities pertaining to general City indebtedness. CITY OF COPPELL, TEXAS 123 Variance with Original Final Actual Final Budget REVENUES Taxes, Penalties, and Interest  $          8,320,272  $          8,425,000  $          8,407,921  $              (17,079) Investment earnings                    40,000                     10,000                        1,521                      (8,479) Total revenues               8,360,272                8,435,000                8,409,442                    (25,558) EXPENDITURES Debt service: Principal retirement               6,155,000                6,155,000                6,155,000                                ‐  Interest               2,684,805                2,778,169                2,750,394                     27,775  Total expenditures               8,839,805                8,933,169                8,905,394                     27,775  Deficiency of revenues under expenditures                (479,533)               (498,169)               (495,952)                      2,217  OTHER FINANCING SOURCES (USES) Issuance of general obligation bonds                               ‐                8,165,000                8,165,000                                ‐  Premium on bonds issued                               ‐                1,055,995                1,055,995                                ‐  Refunding Bonds                               ‐              (9,145,000)            (9,145,000)                              ‐  Total Other Financing Sources (Uses)                              ‐                     75,995                     75,995                                ‐  Net change in fund balance                (479,533)               (422,174)               (419,957)                  (53,333) Fund balance ‐ beginning               1,074,559                1,074,559                1,074,559                                ‐  Fund balance ‐ ending  $              595,026  $              652,385  $              654,602  $              (53,333) Budgeted Amounts General Obligation  CITY OF COPPELL, TEXAS General Obligation Debt Service Fund Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 124 CITY OF COPPELL, TEXAS 125 Self‐Funded  Health Capital  Replacement  Fund Total Internal  service funds ASSETS Current assets: Cash  $              245,784  $                 80,593  $              326,377  Investments             10,953,679                7,280,845              18,234,524  Accounts receivable                     93,601                                 ‐                      93,601  Interest receivable                       3,465                        4,189                        7,654  Total current assets             11,296,529                7,365,627              18,662,156  Noncurrent assets: Capital assets, net of depreciation                                ‐                    999,499                    999,499  Total noncurrent assets                                ‐                    999,499                    999,499  Total assets             11,296,529               8,365,126              19,661,655  LIABILITIES Current liabilities: Claims liability                   506,392                                 ‐                    506,392  Accounts payable                           114                    145,952                    146,066  Total current liabilities                   506,506                    145,952                    652,458  Noncurrent liabilities: Total noncurrent liabilities                                ‐                                 ‐                                ‐  Total liabilities                   506,506                    145,952                    652,458  NET POSITION Investment in capital assets                                ‐                    999,499                    999,499  Unrestricted             10,790,023                7,219,675              18,009,698  Total net position  $         10,790,023  $           8,219,174  $         19,009,197  CITY OF COPPELL, TEXAS Combining Statement of Net Position Internal Service Funds September 30, 2021 CITY OF COPPELL, TEXAS 126 Self‐Funded  Health Fund Capital  Replacement  Fund Total Internal  service funds OPERATING REVENUES City and employee contributions  $           6,321,138  $                            ‐   $           6,321,138  Total operating revenues               6,321,138                                 ‐                6,321,138  OPERATING EXPENSES Claims               3,226,053                                 ‐                3,226,053  Contractual services and charges               1,062,263                                 ‐                1,062,263  Depreciation                                ‐                    133,136                    133,136  Total operating expenses               4,288,316                    133,136                4,421,452  Operating income (loss)              2,032,822                  (133,136)              1,899,686  NONOPERATING REVENUES (EXPENSES) Investment loss                   (15,141)                    (1,626)                  (16,767) Total nonoperating revenues (expenses)                  (15,141)                    (1,626)                  (16,767) Income (loss) before contributions and  transfers               2,017,681                 (134,762)              1,882,919  Transfers in                                ‐                1,663,639                1,663,639  Change in net position               2,017,681               1,528,877               3,546,558  Total net position ‐ beginning               8,772,342                6,690,297              15,462,639  Total net position ‐ ending  $         10,790,023  $           8,219,174  $         19,009,197  CITY OF COPPELL, TEXAS Combining Statement of Revenues, Expenses, and Changes in Net Position Internal Service Funds For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 127 Self‐Funded Health  Fund Capital  Replacement Fund Total Internal  Service Funds CASH FLOWS FROM OPERATING ACTIVITIES Cash received from City and employee contributions  $            6,409,311  $                            ‐   $            6,409,311  Cash payments for claims              (3,218,361)                               ‐               (3,218,361) Cash payments for contractual services and charges              (1,062,263)                               ‐               (1,062,263) Cash payments for wellness program                      (1,081)                               ‐                       (1,081) Net cash provided by operating activities                2,127,606                                ‐                 2,127,606  CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers from other funds                                ‐                 1,663,639                 1,663,639  Net cash provided by noncapital financing activities                                ‐                 1,663,639                 1,663,639  CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition and construction of capital assets                                ‐                   (859,385)                 (859,385) Net cash used by capital and related financing activities                                ‐                   (859,385)                 (859,385) CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from maturity of investments                4,062,404                4,079,214                 8,141,618  Purchase of investments              (5,103,040)             (4,928,523)           (10,031,563) Interest received                     44,893                      55,804                    100,697  Net cash used by investing activities                  (995,743)                 (793,505)             (1,789,248) Net increase in cash and cash equivalents                1,131,863                      10,749                 1,142,612  Balances ‐ beginning of year                5,023,652                 2,479,237                 7,502,889  Balances ‐ end of the year  $            6,155,515  $            2,489,986  $            8,645,501  Reconciliation of operating income (loss) to net cash provided by  operating activities: Operating income (loss) $            2,032,822  $             (133,136) $            1,899,686  Changes in assets and liabilities: Depreciation                   133,136                   133,136  Decrease in receivables                     88,172                                 ‐                      88,172  (Decrease) in accounts payable                      (1,081)                               ‐                       (1,081) Increase in unpaid claims                        7,693                                ‐                         7,693  Net cash provided by operating activities  $            2,127,606  $                            ‐   $            2,127,606  Noncash investing, capital and financing activities Total noncash investing, capital and financing activities  $                            ‐   $                            ‐   $                            ‐  CASH RECONCILIATION Actual balances ‐ end of year Cash  $               245,784  $                 80,593  $               326,377  Investments (TexPool, TexStar, and TexasClass only)               5,909,731                 2,409,393                 8,319,124  Total cash and investments ‐ end of year  $            6,155,515  $            2,489,986  $            8,645,501  CITY OF COPPELL, TEXAS Combining Statement of Cash Flows Internal Service Funds For the Year Ended September 30, 2021 CITY OF COPPELL, TEXAS 128 STATISTICAL SECTION (Unaudited) The Statistical Section presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the government’s overall financial health. It includes five categories of information: Financial Trends (tables 1-4), Revenue Capacity (tables 5-8), Debt Capacity (tables 9-12), Demographic and Economic Information (tables 13-14), Operating Information (tables 15-17) and Other Information (tables 18). Financial Trends: These schedules contain trend information to help the reader understand how the government’s financial performance and well-being have changed over time. Revenue Capacity: These schedules contain information to help the reader assess the government’s most significant local revenue source, the property tax. Debt Capacity: These schedules present information to help the reader assess the affordability of the government’s current levels of outstanding debt and the government’s ability to issue additional debt in the future. Demographic and Economic Information: These schedules offer demographic and economic indicators to help the reader understand the environment within which the government’s financial activities take place. Operating Information: These schedules contain service and infrastructure data to help the reader understand how the information in the government’s financial report relates to the services the government provides and the activities it performs. Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year. CITY OF COPPELL, TEXAS 129 CITY OF COPPELL, TEXAS Table 1 Continued Net Position by Component Last Ten Fiscal Years (accrual basis of accounting) (unaudited) 2012 2013 2014 2015 Governmental activities Net Investment in capital assets $ 139,216,837     $ 146,884,231     $ 162,396,572     $ 174,154,246      Restricted 14,215,021       16,197,843       19,461,531       36,624,804        Unrestricted 67,413,142       71,522,318       70,424,813       43,774,048        Total governmental activities net position $ 220,845,000     $ 234,604,392     $ 252,282,916     $ 254,553,098      Business‐type activities Net Investment in capital assets $ 53,267,995       $ 51,997,091       $ 52,898,936       $ 51,981,002        Restricted ‐                     ‐                          ‐                          ‐                           Unrestricted 13,639,474       14,259,074       12,430,654       11,526,561        Total business‐type activities net position $ 66,907,469       $66,256,165       $ 65,329,590       $ 63,507,563        Primary government  Net Investment in capital assets $ 192,484,832     $ 198,881,322     $ 215,295,508     $ 226,135,248      Restricted 14,215,021       16,197,843       19,461,531       36,624,804        Unrestricted 81,052,616       85,781,392       82,855,467       55,300,609        Total primary government net position $287,752,469     $ 300,860,557     $ 317,612,506     $ 318,060,661      Source: Annual Comprehensive Financial Reports Fiscal Year CITY OF COPPELL, TEXAS 130 Table 1 Concluded 2016 2017 2018 2019 2020 2021 $ 206,573,165     $ 193,976,954     $ 195,597,965     $ 197,515,496     $ 214,501,403     $ 221,295,988      35,491,006       36,260,125       39,241,221       47,018,689       42,970,120       45,767,800        25,903,669       56,318,777       68,579,463       83,315,855       98,067,000       129,055,204      $ 267,967,840     $ 286,555,856     $ 303,418,649     $ 327,850,040     $ 355,538,523     $ 396,118,992      $ 50,560,535       $ 49,725,289       $ 48,511,863       $ 45,831,979       $ 44,567,287       $ 41,339,480        ‐                          ‐                          ‐                          ‐                          ‐                          ‐                           11,277,823       10,752,952       13,097,721       17,632,600       20,248,606       23,803,592        $ 61,838,358       $ 60,478,241       $ 61,609,584       $ 63,464,579       $ 64,815,893       $ 65,143,072        $ 257,133,700     $ 243,702,243     $ 244,109,828     $ 243,347,475     $ 259,068,690     $ 262,635,468      35,491,006       36,260,125       39,241,221       47,018,689       42,970,120       45,767,800        37,181,492       67,071,729       81,677,184       100,948,455     118,315,606     152,858,796      $329,806,198     $ 347,034,097     $ 365,028,233     $ 391,314,619     $ 420,354,416     $461,262,064      Fiscal Year CITY OF COPPELL, TEXAS 131 CITY OF COPPELL, TEXAS Table 2 Continued CHANGES IN NET POSITION, LAST TEN FISCAL YEARS (accrual basis of accounting) (Unaudited) 2012 2013 2014 2015 2016 Expenses Governmental activities: General government $ 7,763,532            $ 8,332,043          $ 9,344,697          $ 10,220,976       $ 10,703,347         Public safety 22,085,919          23,420,063       23,587,427       25,269,499       26,574,260         Public works 14,400,466          18,566,784       18,963,274       21,997,180       20,040,386         Cultural and recreation 10,798,583          11,129,531       12,246,721       14,659,086       14,162,493         Bond issuance costs ‐                            ‐                          ‐                          929,977             254,203               Interest on long term debt 3,777,159            3,705,832          3,301,001          3,372,392          3,309,550           Total government activities expenses 58,825,659          65,154,253       67,443,120       76,449,110       75,044,239         Business‐type activities: Water 10,530,702          10,752,543       10,458,923       10,050,476       10,822,513         Sewer 5,091,282            5,260,198          5,550,940          5,899,121          6,137,822           Total business‐type activities expenses 15,621,984          16,012,741       16,009,863       15,949,597       16,960,335         Total primary government expenses 74,447,643          81,166,994       83,452,983       92,398,707       92,004,574         Program Revenues Governmental activities Charges for services: General government 2,342,257            2,363,037          2,076,301          1,351,225          1,088,093           Public safety 4,577,417            4,204,689          4,460,670          4,493,415          4,269,496           Public works 1,325,830            1,726,202          1,271,744          737,619             1,117,925           Cultural and recreation 2,441,964            3,077,773          2,842,723          2,680,553          2,772,976           Operating grants and contributions 145,601               40,164               44,046               58,957               29,312                 Capital grants and contributions 2,081,223            2,312,920          8,039,088          9,264,802          3,711,097           Total governmental activities program revenues 12,914,292          13,724,785       18,734,572       18,586,571       12,988,899         Business‐type activities: Charges for services: Water 9,225,558            9,216,262          8,683,272          8,686,979          9,468,559           Sewer 4,417,757            4,469,654          4,430,144          4,359,606          4,874,744           Capital grants and contributions 526,515               727,006             1,700,243          1,171,695          388,357               Total business‐type activities program revenues 14,169,830          14,412,922       14,813,659       14,218,280       14,731,660         Total primary government program revenues 27,084,122          28,137,707       33,548,231       32,804,851       27,720,559         Net (expenses) revenue Governmental activities (45,911,367)        (51,429,468)      (48,708,548)      (57,862,539)      (62,055,340)        Business‐type activities (1,452,154)           (1,599,819)        (1,196,204)        (1,731,317)        (2,228,675)          Total primary government net expense (47,363,521)        (53,029,287)      (49,904,752)      (59,593,856)      (64,284,015)        General Revenues and Other Changes in Net Position Governmental activities: Property tax 33,203,622          33,180,127       33,392,778       34,077,476       36,279,008         Sales tax 20,731,979          26,696,689       28,014,382       30,250,169       33,794,720         Franchise tax 3,534,410            3,790,673          4,073,248          4,213,325          4,264,029           Hotel occupancy ‐                        ‐                      ‐                      ‐                      ‐                       Investment earnings 160,715               436,570             382,434             137,436             456,745               Miscellaneous 925,029               988,004             744,785             404,138             546,169               Gain on sale of capital assets 49,276                 96,797               399,266             449,885             107,913               Transfers ‐                            ‐                          ‐                          12,411               21,498                 Total governmental activities 58,605,031          65,188,860       67,006,893       69,544,840       75,470,082         Business‐type activities: Investment earnings 155,481               146,147             111,272             113,939             192,447               Miscellaneous 92,149                 785,671             174,480             199,596             380,390               Gain (loss) on sale of capital assets 23,823                 16,697               ‐                          29,276               8,131                   Transfers ‐                            ‐                          ‐                          (12,411)              (21,498)                Total business‐type activities 271,453               948,515             285,752             330,400             559,470               Total primary government 58,876,484          66,137,375       67,292,645       69,875,240       76,029,552         Change in Net Position Governmental activities 12,693,664          13,759,392       18,298,345       11,682,301       13,414,742         Business‐type activities (1,180,701)           (651,304)            (910,452)            (1,400,917)        (1,669,205)          Total Primary government $ 11,512,963          $ 13,108,088       $ 17,387,893       $ 10,281,384       $ 11,745,537         Source: Annual Comprehensive Financial Reports Fiscal Year CITY OF COPPELL, TEXAS 132 Table 2 Concluded 2017 2018 2019 2020 2021 $ 11,749,067       $ 12,133,183        $ 11,503,100        $ 11,952,493        $ 12,466,590         29,539,397       29,082,389        31,902,288        31,076,228        29,553,832         20,487,731       21,587,601        19,994,492        19,073,326        19,723,417         15,434,727       14,778,572        16,934,994        15,019,784        15,922,314         ‐                     168,311               ‐                       ‐                       ‐                       3,194,139         3,063,131          4,650,896          3,901,346          4,421,544           80,405,061       80,813,187        84,985,770        81,023,177        82,087,697         10,196,494       11,015,481        10,434,397        10,297,369        11,443,685         8,309,623         8,010,634          7,880,335          7,939,231          8,844,478           18,506,117       19,026,115        18,314,732        18,236,600        20,288,163         98,911,178       99,839,302        103,300,502      99,259,777        102,375,860      1,258,100         1,091,919          1,100,064          1,038,520          1,371,407           3,836,424         4,019,742          4,180,435          3,131,944          3,833,854           1,025,690         1,034,459          1,096,232          1,086,110          1,290,928           2,944,484         2,984,278          3,013,751          2,234,698          5,100,974           449,291            742,830              417,227              1,704,623          3,542,972           2,910,301         581,043              334,725              500,798              111,097              12,424,290       10,454,271        10,142,434        9,696,693          15,251,232         10,537,685       11,931,888        11,547,538        11,622,467        12,602,168         5,747,570         6,503,731          6,573,028          6,562,189          6,921,457           1,091,524         663,824              451,143              195,335              191,705              17,376,779       19,099,443        18,571,709        18,379,991        19,715,330         29,801,069       29,553,714        28,714,143        28,076,684        34,966,562         (67,980,771)     (70,358,916)       (74,843,336)       (71,326,484)       (66,836,465)       (1,129,338)        73,328                256,977              143,391              (572,833)             (69,110,109)     (70,285,588)       (74,586,359)       (71,183,093)       (67,409,298)       38,572,813       40,450,452        43,075,545        47,223,892        47,530,129         40,801,360       40,176,024        46,668,635        45,239,065        53,528,289         4,486,071         4,618,145          4,266,877          4,218,036          4,375,389           155,109            ‐                      ‐                      ‐                      ‐                       930,196            2,377,305          4,546,817          1,716,883          ‐                       946,365            534,088              525,860              601,779              1,187,727           ‐                     393,222              81,953                15,312                795,400              676,873            109,040              109,040              ‐                      ‐                       86,568,787       88,658,276        99,274,727        99,014,967        107,416,934      226,286            378,007              657,490              268,077              130,199              209,685            848,932              1,046,052          940,894              769,813              10,123               70,311                3,516                  (1,048)                 ‐                       (676,873)           (109,404)            (109,040)            ‐                      ‐                       (230,779)           1,187,846          1,598,018          1,207,923          900,012              86,338,008       89,846,122        100,872,745      100,222,890      108,316,946      18,588,016       18,299,360        24,431,391        27,688,483        40,580,469         (1,360,117)        1,261,174          1,854,995          1,351,314          327,179              $17,227,899       $ 19,560,534        $26,286,386        $29,039,797        $ 40,907,648         Fiscal Year CITY OF COPPELL, TEXAS 133 CITY OF COPPELL, TEXAS Table 3 Continued FUND BALANCES, GOVERNMENTAL FUNDS Last Ten Fiscal Years (modified accrual basis of accounting) (Unaudited) 2012 2013 2014 2015 General Fund   Nonspendable: Prepaids $86,064                    $ 101,497                $ 114,815                 $98,574                     10% Reserve of next fiscal year's budget 4,593,771              4,867,173            5,290,290              ‐                                 Restricted For: Emergency 911 552,203                 201,702                185,681                 222,600                  Public educational government channel ‐                               ‐                             343,529                 56,505                     Public education about solid waste ‐                               ‐                             ‐                               11,381                     Land sales for debt service 1,369,575              880,884                ‐                               ‐                                8,312,465              13,415,674          12,534,411           11,553,092            By grant for Town Center windows ‐                               ‐                             ‐                               ‐                                 Committed To: City charter required reserves ‐                               ‐                             ‐                               5,609,917               15% fund balance per policy 6,890,657              7,300,760            7,935,436              ‐                                Revenue threats ‐                               ‐                             1,533,342              ‐                                Public works project ‐                               ‐                             356,844                 356,844                  Debt service ‐ proposed issues 428,625                 ‐                             ‐                               ‐                                Bethel II loan‐phase II 3,000,000              ‐                             ‐                               ‐                                Cemetery ‐                               ‐                             ‐                               ‐                                Citywide radio replacement (FCC Regulation)3,000,000              3,505,003            ‐                               ‐                                ‐                               ‐                             2,600,000              3,475,371               Recreational programs and services ‐                               ‐                             559,103                 532,970                  Economic development ‐                               3,723,830            1,095,244              1,095,244                Assigned To: Capital projects ‐                               ‐                             ‐                               4,901,400               Designated for one time sales tax PMT 1,000,000              1,000,000            1,000,000              ‐                                Old town incentive program 100,000                 100,000                100,000                 ‐                                Northlake dam repairs 2,500,000              2,500,000            ‐                               ‐                                ‐                               ‐                             ‐                               ‐                                Phase II ‐ branding project ‐                               115,000                115,000                 ‐                                Software upgrades ‐                               250,000                250,000                 ‐                                Service center expansion ‐ phase I ‐                               ‐                             1,320,000              ‐                                Quad‐city joint training facility ‐                               ‐                             638,000                 ‐                                Landscape Town Center campus ‐ phase I ‐                               ‐                             150,000                 ‐                                Council chamber AV upgrade ‐                               ‐                             150,000                 ‐                                Animal shelter renovation ‐                               ‐                             280,000                 ‐                                Purchase & renovate facility 653,071                 1,027,000            ‐                               ‐                                Volunteer coordination ‐                             ‐                               ‐                                Outreach vehicle ‐                             ‐                               ‐                                Economic development program ‐                             ‐                               ‐                                 Unassigned 20,536,051           17,952,989          17,858,890           27,675,381            Total general fund $ 53,022,482           $ 56,941,512          $ 54,410,585           $ 55,589,279            Source: Annual Comprehensive Financial Reports Fiscal Year Improvements / maintenance of recreation facilities,      trails, drainage & streetscapes Improvements / maintenance of recreation facilities,      trails, drainage & streetscapes Building Code and zoning update Sales tax provision CITY OF COPPELL, TEXAS 134 Table 3 Continued 2016 2017 2018 2019 2020 2021 $ 203,857                 $ 168,478                 $ 168,291                        $ 160,376                 $ 25,474                    $ 59,322                   ‐                                ‐                                ‐                                       ‐                                ‐                                ‐                              379,104                 514,721                 660,860                        808,441                 929,057                 1,068,424             187,945                 308,525                 416,316                        524,156                 616,058                 646,447                 13,850                    35,479                    25,597                           23,232                    31,381                    45,607                   ‐                                ‐                                ‐                                       ‐                                ‐                                ‐                              10,507,021           9,534,715              8,509,480                     8,691,480              7,870,835              6,868,420             ‐                                ‐                                ‐                                       ‐                                ‐                                ‐                              5,851,084              6,771,140              6,495,034                     6,864,856              7,495,839              7,003,073             ‐                                ‐                                ‐                                      ‐                               ‐                               ‐                              ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                              356,844                 358,858                 358,858                        358,858                 358,858                 358,858                 ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                              ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                              ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                              ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                              3,396,193              974,831                 86,834                           71,898                    66,826                    ‐                              ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                              945,244                 1,078,355              966,355                        966,355                 966,355                 666,355                 4,013,140              450,000                 950,000                        950,000                 1,098,575              750,000                 ‐                               ‐                               ‐                                      ‐                               ‐                                1,575,975             ‐                               ‐                               ‐                                      ‐                               ‐                               298,575                 ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                              ‐                               ‐                               ‐                                      ‐                               ‐                               325,000                 ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                              ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                              ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                              ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                              ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                              ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                              ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                              ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                              ‐                               ‐                               ‐                                      50,000                    2,791,391                ‐                               ‐                               ‐                                      100,000                 325,000                 ‐                              ‐                               ‐                               ‐                                      250,000                 185,000                 185,000                 31,555,920           37,312,725           44,917,171                  56,100,850           64,338,853           88,771,762           $57,410,202           $ 57,507,827           $63,554,796                  $ 75,920,502           $ 87,099,502           $ 108,622,818         Fiscal Year CITY OF COPPELL, TEXAS 135 CITY OF COPPELL, TEXAS Table 3 Continued FUND BALANCES, GOVERNMENTAL FUNDS Last Ten Fiscal Years (modified accrual basis of accounting) (Unaudited) 2012 2013 2014 2015 All Other Governmental Funds   Nonspendable: Prepaids $6,389                      $36,788                  $1,950                      $300,630                  Permanent fund ‐ Perpetual Care Fund ‐                               ‐                              ‐                               334,587                   Restricted For: Public Safety 6,384,172              7,455,586             8,410,324              ‐                                Fire ‐                               ‐                              ‐                               11,956                     Police ‐                               ‐                              ‐                               357,854                  Animal shelter ‐                               ‐                              ‐                               17,813                     Child safety programs ‐                               ‐                              ‐                               73,476                     Crime prevention programs and services ‐                              ‐                             ‐                               6,815,032               Court security ‐                               ‐                              ‐                               239,120                  Traffic and signal enforcement / improvements ‐                               ‐                              ‐                               495,428                  Juvenile case manager ‐                               ‐                              ‐                               108,406                  Court  technology ‐                               ‐                              ‐                               194,917                  Judicial efficiency ‐                               ‐                              ‐                               10,458                     Culture and Recreation 3,727,507              4,112,434             4,506,434              ‐                                Recycling ‐                               ‐                              ‐                               62,851                     Community garden / farmer's market ‐                              ‐                              ‐                               1,526                       Library ‐                               ‐                              ‐                               31,348                     Parks ‐                               ‐                              ‐                               13,844                     Art Center ‐                               ‐                              ‐                              33,165                     Tennis Center ‐                               ‐                              ‐                               ‐                                Senior Center ‐                               ‐                              ‐                               6,881                       Living Well wellness incentive ‐                               ‐                              ‐                               ‐                                Promotion of tourism and events ‐                               ‐                              ‐                               ‐                                Improvements / maintenance of recreation facilities ‐                               ‐                              ‐                               571,826                  ‐                               ‐                              ‐                              1,703,290               Economic Development 4,119                      5,624                    6,796                      7,865                       Capital Projects 15,246,081            23,068,169          18,066,714            43,958,412             Debt Service 963,227                 916,961                1,150,585              1,009,125               Perpetual Care 105,983                 150,536                243,855                 ‐                                 Committed To: Culture and Recreation 697,077                 1,272,183             1,721,015              ‐                                Parks ‐                               ‐                              ‐                               476,748                  Rolling Oaks Cemetery ‐                               ‐                              ‐                               397,667                  Tree preservation ‐                               ‐                              ‐                               850,430                  Economic Development 12,389                    11,933                  11,254                    11,482                     Public Works 15,135,433            14,921,787          15,479,525            ‐                                Infrastructure maintenance ‐                               ‐                              ‐                               13,625,914             Storm water control development ‐                               ‐                              ‐                               935,257                   Unassigned (5,995)                     ‐                              ‐                               ‐                                Total all other governmental funds $ 42,276,382            $ 51,952,001          $ 49,598,452            $ 72,657,308             Source: Annual Comprehensive Financial Reports Fiscal Year  Improvements / maintenance of recreation facilities,     trails, drainage & streetscapes  Biodiversity Center CITY OF COPPELL, TEXAS 136 Table 3 Concluded 2016 2017 2018 2019 2020 2021 $3,929                      $373,820                 $356,309                         $‐                               $13,994                    $‐                                  397,652                 468,077                 531,757                         596,433                 704,558                 974,814                    ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                                  13,943                    22,182                    21,572                           23,328                    17,490                    23,469                      285,058                 244,719                 216,718                         172,728                 153,251                 198,465                    13,908                    10,506                    6,956                              2,551                      6,367                      891                             75,259                    76,952                    69,366                           102,630                 147,486                 178,202                    8,624,975              7,617,358              8,138,347                     10,103,771            12,006,224            15,627,758               264,110                 284,412                 306,477                        337,126                 357,203                 379,018                    581,051                 672,015                 705,785                         654,944                 646,194                 500,799                    156,848                 199,375                 249,635                         302,785                 331,095                 345,002                    147,033                 142,568                 143,513                         86,157                    1,747                      20,351                      12,792                    12,851                    12,243                           17,007                    18,609                    18,972                      ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                                  63,651                    64,472                    65,616                           67,128                    69,700                    70,350                      1,528                      1,534                      1,552                              1,583                      1,589                      1,589                          32,390                    33,168                    33,750                           26,383                    27,161                    28,845                      14,774                    33,844                    34,311                           35,505                    35,643                    35,677                      21,848                    25,053                    29,589                           34,565                    61,980                    71,429                      1,003                      1,006                      1,017                              1,670                      1,676                      1,677                         7,493                      10,337                    17,812                           21,433                    22,305                    25,400                      2,118                          ‐                               101                          102                                 105                          105                          105                             ‐                               155,225                 135,998                         185,961                 408,884                 706,255                    62,033                    ‐                               ‐                                      ‐                               ‐                               ‐                                  225,504                 5,602,531              10,386,554                   13,299,143            9,922,292              13,023,396               8,785                      9,249                      9,433                              9,621                      9,659                      9,659                          28,622,899            21,179,226            47,399,395                   32,744,105            25,998,342            37,263,107               1,012,235              1,097,635              1,082,283                     1,065,739              1,182,263              761,806                    ‐                               ‐                               ‐                                     ‐                              ‐                               ‐                                  ‐                               ‐                               ‐                                      ‐                               ‐                               ‐                                  486,347                 393,887                 360,451                         356,089                 ‐                               ‐                                  510,518                 516,778                 490,819                         320,109                 401,432                 1,154,439                 187,341                 105,952                 106,702                         179,545                 236,994                 394,727                    12,055                    12,798                    14,917                           17,192                    18,154                    18,203                      ‐                               16,746,586            ‐                                      ‐                               ‐                               ‐                                  14,403,249            ‐                               20,190,713                   21,563,069            20,226,203            18,894,090               962,010                 722,310                 612,013                         604,096                 546,698                 704,569                    ‐                               ‐                               ‐                                      ‐                               (552,169)                (1,943,868)                $ 57,212,221            $56,836,527            $91,731,705                   $ 82,932,501            $ 73,023,129            $ 89,491,314               Fiscal Year CITY OF COPPELL, TEXAS 137 CITY OF COPPELL, TEXAS Table 4 CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS Continued Last Ten Fiscal Years (modified accrual of accounting) (Unaudited) 2012 2013 2014 2015 Revenues: Taxes, Penalties and Interest $ 59,931,585 $ 63,616,783 $ 65,480,692 $ 68,562,621 Licenses, Fees and Permits 2,962,755 3,598,450 2,755,025 3,141,519 Intergovernmental 573,440 189,100 2,886,157 4,978,173 Charges for Services 6,233,847 6,252,263 5,805,289 4,676,369 Fines and Forfeitures 1,502,533 1,392,266 1,571,891 1,621,043 Interest Income 115,389 435,485 381,697 136,319 Contributions 138,703 644,875 2,296,979 722,978 Miscellaneous 1,290,575 988,004 744,785 546,072 Total Revenues 72,748,827 77,117,226 81,922,515 84,385,094 Expenditures Current General Government 7,141,775 7,628,696 8,455,424 9,126,708 Public Safety 20,072,371 21,106,537 21,482,054 22,753,812 Public Works 6,712,651 10,641,240 11,295,050 13,824,686 Culture and Recreation 8,806,961 9,310,449 10,348,305 12,604,219 Debt Service: Capital Lease Principal Portion 4,034 - - - Capital Lease Interest Portion 51 - - - Principal Retirement 7,295,000 9,120,000 8,380,000 7,545,000 Interest and Fiscal Charges 3,755,273 3,667,884 3,406,048 3,432,566 Bond Issuance Costs - - 88,388 335,839 Payment to Refunded Bond Escrow Agent - - - 65,135 Capital Outlay 17,081,285 12,450,094 24,998,997 23,964,883 Total Expenditures 70,869,401 73,924,900 88,454,266 93,652,848 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 1,879,426 3,192,326 (6,531,751) (9,267,754) OTHER FINANCING SOURCES (USES): Transfers In 6,661,623 9,538,585 15,376,991 6,218,068 Transfers Out (6,773,248) (9,538,585) (15,522,660) (6,399,923) Proceeds from Sale of Capital Assets 1,103,700 697,323 1,830,833 2,140,151 Issuance of General Obligation Debt - 9,615,000 - 29,025,000 Issuance of Certificates of Obligation Debt - - - - Premium on General Obligation Debt - 907,331 162,986 2,463,269 Issuance of Refunding Bonds - 7,660,000 6,560,000 21,380,000 Premium on Refunding Bonds - - - 2,035,990 Payment to Refunded Bond Escrow Agent - (8,477,331) (6,760,875) (23,357,251) Total Other Financing Sources (Uses)992,075 10,402,323 1,647,275 33,505,304 NET CHANGE IN FUND BALANCES $ 2,871,501 $ 13,594,649 $ (4,884,476) $ 24,237,550 Debt service as a percentage of noncapital expenditures 20.6%22.5%15.4%15.8% Source: Annual Comprehensive Financial Reports Fiscal Year CITY OF COPPELL, TEXAS 138 Table 4 Concluded 2016 2017 2018 2019 2020 2021 $ 74,374,878 $ 80,282,863 $ 85,012,568 $ 93,826,923 $ 96,031,077 $ 105,675,037 2,942,642 2,786,453 2,745,483 3,084,765 1,949,084 2,404,692 3,346,486 310,174 21,643 378,122 568,954 4,516,242 4,730,901 4,839,631 4,757,517 4,801,090 4,582,668 6,999,357 1,686,344 1,508,260 1,635,614 1,507,453 832,251 915,745 451,114 909,463 2,290,475 4,296,170 1,596,418 (369,420) 29,312 449,291 742,830 45,773 109,784 52,613 546,169 946,365 562,537 480,338 362,766 856,542 88,107,846 92,032,500 97,768,667 108,420,634 106,033,002 121,050,808 12,154,462 10,245,208 10,786,150 11,091,815 11,254,383 12,378,748 21,224,318 25,989,089 27,353,203 28,438,482 29,062,796 28,110,450 12,632,686 11,798,073 13,367,885 11,328,638 11,640,132 13,285,851 11,895,649 12,424,364 12,436,100 13,976,859 12,554,405 11,950,405 - - - - - - - - - - - - 6,810,000 7,395,000 6,730,000 7,420,000 7,610,000 7,740,000 3,609,074 3,623,689 3,428,638 4,490,670 4,353,698 4,497,688 94,606 - - - - - - - - - - - 45,278,822 22,714,279 15,809,925 26,834,334 42,255,230 20,760,931 113,699,617 94,189,702 89,911,901 103,580,798 118,730,644 98,724,073 (25,591,771) (2,157,202) 7,856,766 4,839,836 (12,697,642) 22,326,735 9,000,280 12,890,326 5,904,031 7,094,740 10,282,670 9,077,743 (9,423,455) (13,335,176) (7,222,111) (8,450,028) (12,034,002) (10,594,182) 637,055 2,323,923 235,209 81,954 15,312 993,241 - - 31,555,000 - 14,650,000 23,200,000 10,680,000 - - - - - 975,886 - 2,613,312 - 1,053,290 2,132,964 4,405,000 - - - - - 275,168 - - - - - (4,582,327) - - - - (9,145,000) 11,967,607 1,879,073 33,085,441 (1,273,334) 13,967,270 15,664,766 $ (13,624,164) $ (278,129) $ 40,942,207 $ 3,566,502 $ 1,269,628 $ 37,991,501 15.2%15.4%13.7%15.5%15.6%15.7% Fiscal Year CITY OF COPPELL, TEXAS 139 CITY OF COPPELL, TEXAS 140 CITY OF COPPELL, TEXAS Table 5 ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY Last Ten Fiscal Years (Unaudited) Total  Less:Total Taxable Direct Fiscal Real Personal Tax‐Exempt Assessed Tax Year Property Property Property Value Rate 2012 4,758,234,316   928,408,834       888,458,232       4,798,184,918      0.69046   2013 4,841,227,663   1,158,496,491   1,054,362,383   4,945,361,771      0.67046   2014 5,039,706,247   1,331,729,530   1,170,006,763   5,201,429,014      0.63750   2015 5,486,401,719   1,474,732,621   1,344,781,638   5,616,352,702      0.60649   2016 6,011,691,777   1,770,518,414   1,606,612,216   6,175,597,975      0.58400   2017 6,651,002,689   1,812,239,159   1,798,740,587   6,664,501,261      0.57950   2018 7,027,076,608   1,693,571,897   1,705,601,026   7,015,047,479      0.57950   2019 7,578,066,995   2,032,167,103   2,012,436,307   7,597,797,791      0.56950   2020 8,018,003,973   2,360,785,454   2,208,022,186   8,170,767,241      0.58400   2021 8,304,068,768   2,451,084,541   2,248,825,411   8,506,327,898      0.58000   Source: Dallas Central Appraisal District / Denton Central Appraisal District Estimated Market Value CITY OF COPPELL, TEXAS 141 CITY OF COPPELL, TEXAS Table 6 DIRECT AND OVERLAPPING PROPERTY TAX RATES (per $100 of assessed value)Continued Last Ten Fiscal Years (Unaudited) Carrollton‐ Farmers Branch Lewisville Fiscal Independent Independent Debt Total School School  Year Operating Service Direct District District 2012 0.49577 0.19469 0.69046 1.35680 1.42600 2013 0.46571 0.20475 0.67046 1.33060 1.45300 2014 0.437500 0.200000 0.63750 1.32350 1.47700 2015 0.442490 0.164000 0.60649 1.30330 1.47700 2016 0.448080 0.135920 0.58400 1.28170 1.47673 2017 0.443330 0.136170 0.57950 1.39170 1.42000 2018 0.463473 0.116027 0.57950 1.38100 1.40750 2019 0.447342 0.122158 0.56950 1.37000 1.40750 2020 0.477702 0.106298 0.58400 1.26835 1.33750 2021 0.481178 0.098822 0.58000 1.25470 1.34730 Note: (a)Dallas County includes Dallas County, Dallas County Hospital District, and Dallas County Community College District (b)Denton County includes Denton County, Denton County Levee District No.1, and Denton County Road Utility District Source: Individual Taxing Entities City Direct Rates Overlapping Rates CITY OF COPPELL, TEXAS 142 Table 6 Concluded Northwest Dallas Coppell County Irving Independent Flood Control Flood Control  School Dallas Denton District District District County (a) County (b)No.1 No.3 1.42420 0.623770 0.550857 0.30000 0.134000 1.41880 0.643412 0.499870 0.30000 0.139000 1.43240 0.653800 0.469914 0.30000 0.142100 1.44900 0.663875 0.457200 0.30000 0.144100 1.43900 0.662750 0.447000 0.30000 0.128000 1.49270 0.654704 0.432409 0.30000 0.125000 1.47770 0.656738 0.420812 0.30000 0.125000 1.46050 0.656500 0.407574 0.30000 0.125000 1.33090 0.646600 0.407278 0.30000 0.125000 1.31000 0.639840 0.406985 0.30000 0.123600 Overlapping Rates CITY OF COPPELL, TEXAS 143 CITY OF COPPELL, TEXAS Table 7 PRINCIPAL PROPERTY TAX PAYERS Current Year and Nine Years Ago (Unaudited) Percentage Percentage of Total City of Total City Taxable Taxable Taxable Taxable Assessed Assessed Assessed Assessed Taxpayer Value (a) Value Taxpayer Value (b) Value Amazon com KYDC LLC $ 236,374,036    2.78 % Duke Realty $ 66,316,630      1.38                  % Duke Realty Ltd PS 228,996,508    2.69 Duke Secured Financing 2009 57,764,554      1.20                   SPUS8 St Marin LP 82,000,000      0.96 St. Marin Karrington LP 43,500,000      0.91                   Prologis LP 55,165,614      0.65 AP WP Lake Reit LLC 30,000,000      0.63                   Columbia Texas Beltline Indust 54,034,180      0.64 J P Morgan Chase 29,691,330      0.62                   Star Lakeside LLC 53,600,000      0.63 Staples 28,606,658      0.60                   Coppell Properties LLC 48,200,000      0.57 KTR Coppell LLC 28,461,168      0.59                   BG Victorien Rivechase LLC 46,000,000      0.54 Kimberly Clark Global Sales 25,437,420      0.53                   LIT HW1 LP 43,892,270      0.52 Oncor 24,665,400      0.51                   Teachers Insurance 43,527,460      0.51 UBC Inc 24,461,037      0.51                   $ 891,790,068    10.49 % $ 358,904,197    7.48 % Total a)  Total taxable value including real and personal property for tax year 2020 (fiscal year 2021) is $8,506,327,898. b)  Total taxable value including real and personal property for tax year 2011 (fiscal year 2012) is $4,798,184,918. Source: City's Certified Tax Roll 20122021 CITY OF COPPELL, TEXAS 144 CITY OF COPPELL, TEXAS Table 8 PROPERTY TAX LEVIES AND COLLECTIONS Last Ten Fiscal Years (Unaudited) Fiscal  Year 2012 $ 33,129,547   $ 103,411          $ 33,232,958    $ 32,999,557    99.61 % $ 225,082            $ 33,224,639    99.97 % 2013 33,156,672   64,783            33,221,455    33,009,932    99.56 201,358            33,211,290    99.97 2014 33,159,110   (73,098)           33,086,012    33,026,805    99.60 45,410              33,072,215    99.96 2015 34,032,671   (56,020)           33,976,651    33,946,330    99.75 11,427              33,957,757    99.94 2016 36,072,197   (5,153)             36,067,044    35,976,226    99.73 59,833              36,036,059    99.91 2017 38,644,969   (109,647)        38,535,322    38,557,532    99.77 (50,131)             38,507,401    99.93 2018 40,689,245   71,059            40,760,304    40,587,056    99.75 122,012            40,709,068    99.87 2019 43,316,883   (83,023)           43,233,860    43,128,049    99.56 41,867              43,169,916    99.85 2020 47,929,856   (131,924)        47,797,932    47,593,983    99.30 (11,736)             47,582,247    99.55 2021 49,360,169   ‐                  49,360,169    49,235,352    99.75 ‐                     49,235,352    99.75 Source: City of Coppell Tax Department / Dallas County Tax Office Years in Subsequent Collections Amount of Levy Percentage Total Collections for the  Fiscal Year Amount Collected Within the Fiscal Year of the Levy of Levy Percentage Fiscal Year of the Levy Adjustments to Levy in Subsequent Years Taxes Levied Within the Adjusted  Taxes Levied CITY OF COPPELL, TEXAS 145 CITY OF COPPELL, TEXAS Table 9 RATIO OF OUTSTANDING DEBT BY TYPE (Continued) Last Ten Fiscal Years (Unaudited) General  General Certificates Obligation Fiscal Obligation of Refunding Other Capital  Year Bonds (1) Obligation (1) Bonds (1) Obligations Leases 2012 $ 12,855,000   $ 41,195,000         $ 26,030,000   $ 3,980,000       $‐                    2013 3,802,396      48,061,525         28,971,652   3,395,000       ‐                    2014 2,974,697      44,358,335         25,260,051   2,780,000       ‐                    2015 205,093         26,025,659         41,994,026   33,171,139    ‐                    2016 ‐                      30,510,523         43,177,799   32,410,872    ‐                    2017 ‐                      27,515,729         39,196,404   31,620,605    ‐                    2018 ‐                      58,993,581         35,475,009   30,800,338    ‐                    2019 ‐                      56,588,121         30,328,617   30,430,071    ‐                    2020 ‐                      69,808,286         25,795,669   29,284,804    ‐                    2021 ‐                      77,578,282         26,974,941   28,089,537    ‐                    Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements.  See Table 13 for personal income and population data. 1)Presented net of original issuance discounts and premiums Governmental Activities CITY OF COPPELL, TEXAS 146 Table 9 (Concluded) Refunding Revenue Bonds $‐                               $‐                     $ 1,608,425    $ 85,668,425      4.60                 % $ 2,193        ‐                                ‐                     1,315,079    85,545,652      4.70                 2,188        ‐                                ‐                     1,145,000    76,518,083      4.08                 1,943        ‐                                ‐                     805,000        102,200,917    5.49                 2,563        ‐                                ‐                     455,000        106,554,194    4.98                 2,643        ‐                                ‐                     95,000          98,427,738      4.45                 2,411        11,890,694             ‐                     45,000          137,204,622    5.77                 3,338        11,258,515             ‐                     ‐                     128,605,324    5.41                 3,115        23,171,910            ‐                     ‐                     148,060,669    5.94                 3,575        28,851,692            ‐                     ‐                     161,494,452    5.96                 3,757        of Personal General  Bonds (1) Refunding Obligation Income Percentage  Capita Per Government Total  Primary Business‐Type Activities Bonds Water and Sewer Revenue CITY OF COPPELL, TEXAS 147 CITY OF COPPELL, TEXAS Table 10 RATIO OF GENERAL BONDED DEBT OUTSTANDING Last Ten Fiscal Years (Unaudited) General Obligation Sales Tax Less: Amount Fiscal Refunding Revenue Available in Debt Year Bonds Bonds Service Funds (1) Total 2012 $ 12,855,000 $ 26,030,000 $ 41,195,000 $ 3,980,000 $ 886,206 $ 83,173,794 1.73 % $ 2,129 2013 3,802,396 28,971,652 48,061,525 3,395,000 839,753 83,390,820 1.69 2,133 2014 2,974,697 25,260,051 44,358,335 2,780,000 1,073,452 74,299,631 1.43 1,887 2015 205,093 41,994,026 26,025,659 33,171,139 1,009,125 100,386,792 1.79 2,517 2016 - 43,177,799 30,510,523 32,410,872 1,012,235 105,086,959 1.70 2,607 2017 - 39,196,404 27,515,729 31,620,605 1,097,575 97,235,163 1.46 2,382 2018 - 35,475,009 58,993,581 30,800,338 1,082,283 124,186,645 1.77 3,022 2019 - 30,328,617 56,588,121 30,430,071 682,185 116,664,624 1.54 2,825 2020 - 25,795,669 69,808,286 29,284,804 892,793 123,995,966 1.52 2,994 2021 - 26,974,941 77,578,282 28,089,537 387,975 132,254,785 1.55 3,077 Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements. See Table 5 for property value data. See Table 13 for population data. (1) This is the amount restricted for debt service principal payments General Bonded Debt Outstanding Percentage of Actual Taxable Value of Certificates of Obligation General Obligation Bonds Property Capita Per CITY OF COPPELL, TEXAS 148 CITY OF COPPELL, TEXAS Table 11 DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT SEPTEMBER 30, 2021 (Unaudited)  Estimated Share of Debt Overlapping Governmental Unit Outstanding Debt Debt repaid with property taxes Dallas County $ 116,665,000 2.840 % $ 3,313,286 Coppell Independent School District 351,914,091 57.720 203,124,813 Carrollton‐Farmers Branch Independent   School District 375,315,000 2.200 8,256,930 Dallas County Community College District 115,750,000         2.840 3,287,300           Dallas County Hospital District 575,530,000         2.840 16,345,052         Dallas County Schools 16,679,652           2.840 473,702 Denton County 571,605,000         0.140 800,247 Denton County LID No. 1 6,150,000             17.800 1,094,700 Lewisville Independent School District 1,315,387,363 0.380 4,998,472 Grapevine‐Colleyville ISD 362,388,775 0.170 616,061               Northwest Dallas County Flood Control   District No. 1 12,510,000 100.000 12,510,000 Subtotal, overlapping debt 254,820,563 City of Coppell, direct debt 132,642,760 100.00 132,642,760       Total Direct and Overlapping Debt $ 387,463,323 (1) The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were estimated by determining the portion of each entity's taxable assessed value that is within the City's boundaries and dividing it by each entity's total taxable assessed value. Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City of Coppell. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City of Coppell. This process recognizes that, when considering the government's ability to issue and repay long‐term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident and therefore responsible for repaying the debt of each overlapping government. Source: Texas Municipal Reports provided by the Municipal Advisory Council of Texas. The reports provide the total debt outstanding and the percentage of debt applicable to the City. Percentage Applicable  Estimated to Coppell (1) CITY OF COPPELL, TEXAS 149 CITY OF COPPELL, TEXAS Table 12 COMPUTATION OF LEGAL DEBT MARGIN SEPTEMBER 30, 2021 (Unaudited) The City Charter of the City of Coppell, Texas does not provide for a Debt Limit; therefore, no computation can be made. CITY OF COPPELL, TEXAS 150 CITY OF COPPELL, TEXAS Table 13 DEMOGRAPHIC AND ECONOMIC STATISTICS Last Ten Calendar Years (Unaudited) Estimated Median School Year Population (1)Age (1) Enrollment (2) 2012 39,070          $ 1,863,209,230   $ 47,689        38 10,676          5.7 % 2013 39,090          1,821,906,720   46,608        38 11,323          5.6 2014 39,380          1,876,693,280   47,656        38 11,561          4.7 2015 39,880          1,863,034,080   46,716        38 11,867          3.4 2016 40,310          2,137,719,920   53,032        38 12,368          3.8 2017 40,820          2,213,668,600   54,230        38 12,391          3.6 2018 41,100          2,377,717,200   57,852        38 12,895          3.1 2019 41,290          2,468,935,550   59,795        38 13,261          2.9 2020 41,410          2,491,639,700   60,170        38 13,055          6.2 2021 42,983          2,709,992,184   63,048        38 13,218          5.6 Sources:  (1) City's Community Development Department (2) Coppell Independent School District (3) Texas Workforce Commission Unemployment Rate (3) Per Capita Personal Income (1)Income Personal CITY OF COPPELL, TEXAS 151 CITY OF COPPELL, TEXAS Table 14 PRINCIPAL EMPLOYERS, Current Year and Nine Years Ago (Unaudited) Percentage Percentage  of Total City of Total City Employer Employees Employment Employer Employees Employment Amazon (multiple locations)4,500            16.40 % JP Morgan Chase 1,400              7.37 % U.S. Postal Service ‐ N. Texas Processing & Distrib. Center 1,621            5.91 U.S. Postal Service ‐ Bulk Mail Center 1,400              7.37 Coppell Independent School District 1,320            4.81 Verizon Service Center 1,200              6.32 Verizon Service Center 1,200            4.37 Coppell Independent School District 1,131              5.95 IBM 1,083            3.95 Homeward Residential, Inc 1,000              5.26 AAA of Texas 1,000            3.64 DaVita RX 600                 3.16 Genco 900                3.28 The Container Store 562                 2.96 The Container Store 770                2.81 IBM 540                 2.84 Caliber Home Loans 686                2.50 Samsung 500                 2.63 UPS Supply Chain Solution 600                2.19 UPS Supply Chain 400                 2.11 Total 13,680          49.86 %8,733              45.97 % Source: City of Coppell Community Development, Texas Workforce Commission, North Central Texas Council of Governments 20122021 CITY OF COPPELL, TEXAS 152 CITY OF COPPELL, TEXAS Table 15 FULL‐TIME EQUIVALENT CITY GOVERNMENT EMPLOYEES BY FUNCTION/PROGRAM, Last Ten Fiscal Years (Unaudited) Function/Program 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 General Government 36 36.5 36.5 39.5 54.5 56.5 40.5 41 53 54 Public Safety 194 194 196 202 186 174 187 198.5 196.5 197.5 Public Works 40 43 42.5 41.5 52.25 51.25 57.5 57.5 44.5 44.5 Culture and Recreation 93.72 110.57 111.64 109.14 114.89 115.39 115.89 121.39 126.39 128.89 Water and Sewer 24 24 24.5 24.5 23.75 22.75 22.5 22.5 21.5 21.5 Total 387.72 408.07 411.14 416.64 431.39 419.89 423.39 440.89 441.89 446.39 Source: City Budget Office CITY OF COPPELL, TEXAS 153 CITY OF COPPELL, TEXAS Table 16 OPERATING INDICATORS BY FUNCTION/PROGRAM Continued Last Ten Fiscal Years (Unaudited) Function/Program 2012 2013 2014 2015 Public Safety Police Number of Employees 80                       80                       80                       85                        Number of Traffic Stops 16,611               13,788               12,112               13,996                Fire Number of Employees 86                       86                       85                       87                        Number of Fire Runs 1,043                 1,054                 1,359                 1,153                  Number of EMS Runs 1,672                 1,676                 1,832                 1,973                  Public Works Streets Street Resurfacing (miles)‐                          ‐                          ‐                          ‐                           Streets ‐ Paved (miles)1                         1                         ‐                          ‐                           Streets ‐ Paved (Square Yards)15,740               13,393               12,241               42,519                Alleys ‐ Paved (miles)‐                          ‐                          ‐                          3                          Potholes Repaired 308                     99                       70                       94                        Traffic Signals ‐                          2                         ‐                          1                          Street Miles (Centerline)1                         ‐                          2                         1                          Lane Miles Added 2                         3                         4                         3                          Street Miles 396                     396                     403                     406                      Cultural and Recreational Parks and Recreation Coppell Aquatic & Recreational Center (CARC) Memberships 2,123                 2,406                 4,846                 8,160                  Participants in CARC Programs 4,416                 4,550                 11,603               30,881                Participants in Adult Athletic Programs 1,126                 1,045                 1,220                 912                      Participants in Youth Athletic Programs 6,344                 6,109                 6,102                 ‐                           Number of Playgrounds 8                         8                         9                         9                          Number of Tennis Courts 12                       12                       12                       12                        Number of Swimming Pools 5                         5                         5                         5                          Senior Center 1                         1                         1                         1                          Recreation Centers 1                         1                         1                         1                          Library Volumes in Collection 92,902               95,672               93,733               124,612             Rolling Oaks Memorial Center Spaces Sold 83                       101                     953                     481                      Monument Rights ‐                          5                         ‐                          ‐                           Niches Sold 19                       24                       29                       30                        Interments 38                       47                       51                       64                        Markers Sold 34                       23                       46                       70                        Benches Sold ‐                          3                         9                         ‐                           Vases Sold 16                       19                       41                       51                        Urns Sold ‐                          ‐                          ‐                          ‐                           Mausoleums Sold ‐                          ‐                          ‐                          ‐                           Water and Sewer Number of Water Consumers 12,376               12,496               12,639               12,913                Average Daily Water Consumption (gallons)8,447,866         8,449,060         7,856,167         7,617,968          Maximum Storage Capacity (gallons)13,500,000       13,500,000       13,500,000       13,500,000        Number of Sewer Connections 11,407               11,506               11,587               11,806                Daily Average Treatment (gallons)3,512,334         3,274,384         3,314,819         4,706,030          Source: City Departments Notes:   N/A ‐ Data not available. TXU ‐ maintains the street lights. Fiscal Year CITY OF COPPELL, TEXAS 154 Table 16 Concluded 2016 2017 2018 2019 2020 2021 75                        75                     76                     75                     70                          66                      16,383               14,523             14,470             14,744             9,128                    9,294                 86                        88                     90                     97                     103                       103                    1,274                  1,352                1,462                1,420                1,512                    1,924                 2,078                  1,814                1,899                1,896                1,793                    2,096                 ‐                           ‐                         ‐                         ‐                         ‐                             ‐                          3                          2                        ‐                         ‐                         ‐                             4                         32,675               18,612             ‐                         ‐                         ‐                             27,477              5                          ‐                         1                        ‐                         ‐                             1                         312                     59                     180                   440                   870                       921                    1                          ‐                         1                        ‐                         ‐                             ‐                          1                          1                        ‐                         ‐                         ‐                             1                         6                          2                        ‐                         ‐                         ‐                             ‐                          407                     408                   408                   408                   408                       415                    12,975               10,474             20,228             24,138             25,892                  33,247              4,633                  4,750                6,320                7,659                1,414                    2,284                 775                     644                   683                   674                   ‐                             566                    ‐                           ‐                         ‐                         ‐                         ‐                             ‐                          9                          9                        9                        9                        9                            9                         12                        12                     12                     12                     12                          12                      5                          5                        5                        5                        5                            5                         1                          1                        1                        1                        1                            1                         1                          1                        1                        1                        1                            1                         88,601               85,474             88,108             85,520             83,775                  82,455              226                     297                   237                   260                   621                       1,882                 ‐                           ‐                         ‐                         ‐                         ‐                              22                        25                     44                     37                     22                          55                      77                        83                     114                   118                   118                       280                    70                        74                     60                     121                   135                       1,115                 5                          9                        7                        5                        9                            21                      65                        62                     47                     65                     86                          115                    ‐                           ‐                         ‐                         ‐                         ‐                              ‐                           ‐                         ‐                         ‐                         ‐                              13,137               13,327             13,384             13,430             13,471                  13,508              8,742,418          8,860,975       9,846,104       8,524,416       8,522,410            8,408,614        13,500,000       13,500,000     13,500,000     13,500,000     13,500,000         13,500,000      12,012               12,174             12,222             12,263             12,309                  12,325              4,587,737          3,773,805       3,274,507       3,623,293       3,397,515            3,395,408        Fiscal Year CITY OF COPPELL, TEXAS 155 CITY OF COPPELL, TEXAS 156 CITY OF COPPELL, TEXAS Table 17 CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM Last Ten Fiscal Years (Unaudited) Function/Program 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Public Safety Police Stations 1          1          1          1          1          1          1          1          1          1           Police Patrol Units 41       41       41       43       48       44       46       43       43       43        Police Motorcycle Units 5          5          4          5          5          5          5          5          4          4           Fire Stations 3          3          3          3          3          3          3          3          3          4           Development Services Streets ‐ Paved (miles)2          2           ‐            ‐            ‐            ‐            ‐            ‐            ‐           4           Cultural and Recreational Parks (acres)545     545     545     545     545     545     545     545     545     545      Number of Playgrounds 8          8          9          9          9          9          9          9          9          9           Number of Tennis Courts 12       12       12       12       16       16       12       12       12       12        Number of Swimming Pools 5          5          5          5          5          5          5          5          5          5           Senior Center 1          1          1          1          1          1          1          1          1          1           Recreation Centers 1          1          1          1          1          1          1          1          1          1           Water and Sewer Water Mains (miles)191     193     199     200     202     200     203     203     204     206      Water System Valves 4,815  4,922  5,104  5,234  5,444  5,398  5,408  5,413  5,435  5,458   Manholes 2,516  2,557  2,689  2,725  2,748  2,695  2,701  2,698  2,705  2,744   Fire Hydrants 1,693  1,728  1,805  1,831  1,841  1,824  1,843  1,845  1,851  1,867   Sanitary Sewers (miles) 166     170     188     189     191     173     173     173     173     175      Source: City Departments CITY OF COPPELL, TEXAS 157 CITY OF COPPELL, TEXAS Table 18 Continued ACTIVE AND RETIREE HEALTH INSURANCE COSTS Last Ten Fiscal Years (Unaudited) Retirees Total Percentage Using Total Fiscal Health Plan Retiree Retiree Costs Active City Health TMRS Year Expenses Expense to Total Members Plan Retirees 2012 $ 1,377,355              $ 7,885              0.57 % 342         4                113        2013 2,213,461              ‐                   0.00 342         3                124        2014 2,604,296              12,705            0.49 342         4                124        2015 3,851,117              105,561          2.74 362         5                156        2016 3,517,312              181,733          5.17 355         4                182        2017 3,691,798              17,172            0.47 357         5                190        2018 2,140,391              34,769            1.62 356         5                203        2019 2,835,947              27,727            0.98 367         6                217        2020 2,135,386              15,424            0.72 380         4                228        2021 2,598,456              22,731            0.87 354         6                236        Total $ 26,965,519            $ 425,707          1.58                % Average $ 2,696,552              $ 42,571            356         5                177        Source: City Records, Third Party Administrator Records, Texas Municipal Retirement System (TMRS) CITY OF COPPELL, TEXAS 158 Table 18 Concluded Percentage Retirees Using Net Subsidy as Cost per Plan to Total Retiree Subsidy of Percentage of Active Cost per Members Contributions Retirees Total Expense Member Retiree 3.54                  % 30,942          $ 23,057        292.42             % $ 4,027             $ 1,971            2.42                  21,903          21,903        ‐                       6,472             ‐                     3.23                  31,797          19,092        150.27             7,615             3,176            3.21                  55,327          (50,234)       (47.59)             10,638          21,112          2.20                  72,351          (109,382)     (60.19)             9,908             45,433          2.63                  65,073          47,901        278.95             10,341          3,434            2.46                  95,231          60,462        173.90             6,012             6,954            2.76                  114,944        87,217        314.56             7,727             4,621            1.75                  80,139          64,715        419.57             5,619             3,856            2.54                  71,318          48,587        213.75             7,340             3,789            $ 639,025        $ 213,318      50.11               % $ 75,701          $ 94,346          2.82                  % $ 63,902          $ 21,332        $ 7,570             $ 9,435            CITY OF COPPELL, TEXAS 159 CITY OF COPPELL, TEXAS 160 Master City of Coppell, Texas 255 E. Parkway Boulevard Coppell, Texas 75019-9478 File Number: 2022-6143 File ID: Type: Status: 2022-6143 Agenda Item Agenda Ready 1Version: Reference: In Control: City Council 02/15/2022File Created: Final Action: Sherwood Park PD Amendment Fee WaiverFile Name: Title: Consider approval of the waiver of the application fee for a PD amendment for Sherwood Park. Notes: Sponsors: Enactment Date: Memo.pdfAttachments: Enactment Number: Hearing Date: Contact: Effective Date: Drafter: Related Files: History of Legislative File Action: Result: Return Date: Due Date: Sent To: Date: Acting Body: Ver- sion: Text of Legislative File 2022-6143 Title Consider approval of the waiver of the application fee for a PD amendment for Sherwood Park. Summary Strategic Pillar Icon: Foster an Inclusive Community Fabric Page 1City of Coppell, Texas Printed on 2/24/2022 1 MEMORANDUM To: Mayor and City Council From: Mindi Hurley, Director of Community Development Date: February 22, 2022 Reference: Consider approval of the waiver of the application fee for a PD amendment for Sherwood Park. 2040 Pillars: Foster an Inclusive Community Fabric & Enhance the Unique Community Oasis Experience Executive Summary: The residents of Sherwood Park Subdivision are proposing to amend the Planned Development for this subdivision to address carports. Staff has been working with the applicants and they are preparing to submit the formal application to the city for review. Based on the formula for the application the cost is $1,500 ($500 + $25/acre (40 x $25 = $1,000). The residents are requesting a waiver of the fees. Legal Review: The request was reviewed by the City Attorney. Fiscal Impact: $1,500.00 in fee waivers Recommendation: Staff recommends approval. Attachments: None Master City of Coppell, Texas 255 E. Parkway Boulevard Coppell, Texas 75019-9478 File Number: 2022-6145 File ID: Type: Status: 2022-6145 Agenda Item Agenda Ready 1Version: Reference: In Control: Engineering 02/15/2022File Created: Final Action: Belt Line Speed Limit ORDFile Name: Title: Consider approval of an Ordinance adding to the Code of Ordinances Section 8-1-5 “Temporary Speed Zone In Construction Or Work Zones” to add the temporary maximum speed during construction; establish a penalty for a violation; and providing an effective date; and authorizing the Mayor to sign. Notes: Sponsors: Enactment Date: Temp Speed Limit Memo.pdf, Temp Speed Limit Ordinance.pdf Attachments: Enactment Number: Hearing Date: Contact: Effective Date: Drafter: Related Files: History of Legislative File Action: Result: Return Date: Due Date: Sent To: Date: Acting Body: Ver- sion: Text of Legislative File 2022-6145 Title Consider approval of an Ordinance adding to the Code of Ordinances Section 8-1-5 “Temporary Speed Zone In Construction Or Work Zones” to add the temporary maximum speed during construction; establish a penalty for a violation; and providing an effective date; and authorizing the Mayor to sign. Summary Fiscal Impact: [Enter Fiscal Impact Statement Here] Staff Recommendation: Page 1City of Coppell, Texas Printed on 2/24/2022 Master Continued (2022-6145) The Public Works Department recommends approval. Page 2City of Coppell, Texas Printed on 2/24/2022 1 MEMORANDUM To: Mayor and City Council From: Michael Garza, P.E., Assistant Director of Public Works - Engineering Kent Collins, P.E., Director of Public Works Date: February 22, 2022 Reference: Consider approval of an Ordinance adding to the Code of Ordinances Section 8-1- 5 “Temporary Speed Zone In Construction Or Work Zones” to add the temporary maximum speed during construction; establish a penalty for a violation; and providing an effective date; and authorizing the Mayor to sign. 2040: Pillar 0: Sustainable City Government Goal 4: City Services to Ensure High Levels of Customer Satisfaction General Information: · Reconstruction of South Belt Line will begin on February 28th · Traffic will be one lane in each direction in the northbound lanes for phase 1 and on the southbound lanes for phase 2. · The current speed limit ranges from 40 to 45 mph. · The speed limit will be reduced to 35 mph during construction. · This ordinance will provide authority to reduce speeds during road construction projects. Introduction: This item is being presented to consider approval of an Ordinance adding to the Code of Ordinances Section 8-1-5 “Temporary Speed Zone In Construction Or Work Zones” to add the temporary maximum speed during construction; establish a penalty for a violation; and providing an effective date; and authorizing the Mayor to sign. Analysis: The South Belt Line reconstruction project has started and the major traffic switch to the existing northbound lanes is scheduled for February 28th. During the first phase of the project traffic will be reduced to one lane in each direction on the northbound lanes with the middle lane being used for intersection turning movements. For safety reasons, staff recommends that the temporary speed limit be set at 35 mph during the duration of the project. The project is anticipated to take 15 2 months to complete. The temporary speed limit will remain in effect at 35 mph for the duration of the project. Once the project is completed, the current permanent speed limit will be restored. Per the Texas Administrative Code, section 25.22, this ordinance provides for the City Engineer to reduce the temporary speed limit during street construction projects following appropriate engineering standards and guidelines. Council will be consulted and advised prior to making any changes for construction projects in the future. Legal Review: The ordinance was reviewed by the City Attorney. Fiscal Impact: The cost of the signs is included in the South Belt Line Reconstruction project, so there will be no additional fiscal impact. Recommendation: The Public Works Department recommends approval of this item. TM 127862 CITY OF COPPELL, TEXAS ORDINANCE NO. ________ AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, AMENDING THE CODE OF ORDINANCES BY AMENDING CHAPTER 8 ‘TRAFFIC REGULATIONS’ ARTICLE 8-1 ‘SPEED OF VEHICLES’, SECTION 8-1-5 ‘RESERVED’ BY ADDING A NEW SECTION 8-1-5 ‘TEMPORARY SPEED ZONE IN CONSTRUCTION OR WORK ZONES’ TO ADD THE TEMPORARY MAXIMUM SPEED DURING CONSTRUCTION; PROVIDING FOR NOTIFICATION OF THE MAXIMUM SPEED LIMIT BY THE INSTALLATION OF SIGNS AND MARKERS TO REGULATE VEHICULAR SPEED ON THE DESIGNATED STREET; PROVIDING FOR A PENALTY FOR THE VIOLATION OF THIS ORDINANCE; PROVIDING FOR REPEALING, SAVINGS AND SEVERABILITY CLAUSES; PROVIDING FOR AN EFFECTIVE DATE OF THIS ORDINANCE; AND PROVIDING FOR THE PUBLICATION OF THE CAPTION HEREOF. WHEREAS the City Council of the City of Coppell, Texas desires to establish the reduced maximum speed limit for construction and work zones on public streets within the City; and WHEREAS, Section 545.356 of the Texas Transportation Code provides that whenever the governing body shall provide the basis of an engineering and traffic investigation that any prima facie speed therein set forth is greater or less than is reasonable or prudent under the conditions found to exist at any intersection or other place or upon any part of a street or highway within the City of Coppell; and WHEREAS, the City engineers shall conduct an appropriate state standards to determine that the portion of any public street requires a reduction in speed during the reconstruction project pursuant to Title 43, Section 25.22 of the Texas Administrative Code; and WHEREAS, the City Council has investigated and determined that it is necessary for the protection and safety of the citizens of the City of Coppell to authorize a temporary, reasonable and prudent speed while construction is on-going on any public street. NOW, THEREFORE, BE IT ORDAINED BY THE COPPELL CITY COUNCIL: SECTION 1. That Chapter 8 “Traffic Regulations”, Article 8-1 “Speed of Vehicles”, Section 8-1-5 ‘Reserved” is hereby amended by adding a new Section 8-1-5 “Temporary Speed Zone in Construction or Work Zones” to read as follows: TM 127862 “CHAPTER 8 - TRAFFIC REGULATIONS ARTICLE 8-1 - SPEED OF VEHICLES Sec. 8-1-1. – Maximum speed limits . . . . . . . . . Sec. 8-1-5. - Temporary Speed Zone in Construction or Work Zones a. That the City Engineer is authorized to establish a temporary maximum speed on any street, roadway or highway within the corporate limits which is under construction or is an active work zone in accordance with the Texas Transportation Code and Texas Administrative Code. b. A person commits an offense if he drives or operates a motor vehicle upon any street, roadway or highway in violation of a posted temporary speed restriction, and any speed in excess of the limited established pursuant to this section and shall be prima facie evidence that the speed is not reasonable nor prudent under the conditions existing. c. The City Engineer is hereby authorized to erect the appropriate signage and/or barrier(s) in accordance with the Texas Administrative Code and the Texas Uniform Manual of Traffic Control Device in accordance with this section. d. The City Engineer shall submit to the office of the City Secretary those streets, roadway and highway that have been designated with temporary maximum speed zones under this section; and, a certified copy of each designation shall be accepted as prima facie evidence of compliance with this section concerning designation of temporary speed restriction.” SECTION 2. That all provisions of the Code of Ordinances of the City of Coppell, Texas, in conflict with the provisions of this ordinance be, and the same are hereby, amended, and all other provisions not in conflict with the provisions of this ordinance shall remain in full force and effect. SECTION 3. That should any word, phrase, paragraph, section or phrase of this ordinance or of the Code of Ordinances, as amended hereby, be held to be unconstitutional, illegal or invalid, the same shall not affect the validity of this ordinance as a whole, or any part or provision thereof other than the part so decided to be unconstitutional, illegal or invalid, and shall not affect the validity of the Code of Ordinances as a whole. TM 127862 SECTION 4. An offense committed before the effective date of this ordinance is governed by prior law and the provisions of the Code of Ordinances, as amended, in effect when the offense was committed and the former law is continued in effect for this purpose. SECTION 5. That this ordinance shall take effect immediately from and after its passage and the publication of the caption, as the law and charter in such cases provide. DULY PASSED AND APPROVED BY THE COPPELL CITY COUNCIL on this _____ day of _______________2022. APPROVED: Wes Mays, MAYOR ATTEST: Ashley Owens, CITY SECRETARY APPROVED AS TO FORM: ___________________________________ Robert E. Hager, CITY ATTORNEY Master City of Coppell, Texas 255 E. Parkway Boulevard Coppell, Texas 75019-9478 File Number: 2022-6150 File ID: Type: Status: 2022-6150 Presentation Agenda Ready 1Version: Reference: In Control: City Council 02/16/2022File Created: Final Action: PresentationFile Name: Title: Presentation of annual Audit Results. Notes: Sponsors: Enactment Date: Attachments: Enactment Number: Hearing Date: Contact: Effective Date: Drafter: Related Files: History of Legislative File Action: Result: Return Date: Due Date: Sent To: Date: Acting Body: Ver- sion: Text of Legislative File 2022-6150 Title Presentation of annual Audit Results. Summary Page 1City of Coppell, Texas Printed on 2/24/2022 Master City of Coppell, Texas 255 E. Parkway Boulevard Coppell, Texas 75019-9478 File Number: 2022-6149 File ID: Type: Status: 2022-6149 Agenda Item Agenda Ready 1Version: Reference: In Control: City Council 02/16/2022File Created: Final Action: Curfew OrdinanceFile Name: Title: PUBLIC HEARING: Consider approval of an Ordinance of the City of Coppell, Texas, readopting, ratifying, republishing and extending the Chapter 9 of the Code of Ordinances, Article 9-17, “Curfew Hours for Minors,” for a period of three (3) years; and authorizing the Mayor to sign. Notes: Sponsors: Enactment Date: Curfew Memo.pdf, Curfew Ordinance.pdfAttachments: Enactment Number: Hearing Date: Contact: Effective Date: Drafter: Related Files: History of Legislative File Action: Result: Return Date: Due Date: Sent To: Date: Acting Body: Ver- sion: Text of Legislative File 2022-6149 Title PUBLIC HEARING: Consider approval of an Ordinance of the City of Coppell, Texas, readopting, ratifying, republishing and extending the Chapter 9 of the Code of Ordinances, Article 9-17, “Curfew Hours for Minors,” for a period of three (3) years; and authorizing the Mayor to sign. Summary Staff Recommendation: Approval recommended Page 1City of Coppell, Texas Printed on 2/24/2022 Master Continued (2022-6149) Page 2City of Coppell, Texas Printed on 2/24/2022 1 MEMORANDUM To: Mayor and City Council From: Danny Barton, Chief of Police Date: February 22, 2022 Reference: Three Year Review of Curfew Ordinance Introduction: In March of 2000, the City Council adopted Ordinance No. 2000-906, Curfew Hours for Minors. The ordinance established specific hours and penalties for violations thereof. Chapter 370.002 of the Texas Local Government Code requires that the City Council review the Article and conditions the ordinance was intended to remedy, conduct public hearings on the need to continue the ordinance, and determine whether to abolish, continue, or modify the ordinance. This is to occur three (3) years from its date of passage and every third year thereafter. In March 2003, February 2007, January 2010, February 2013, February 2016, and February 2019 the City Council readopted the extended ordinance. Analysis: The Coppell Police Department issued 4 citations and 11 warnings for curfew violations over the past three years. 1 citation and 1 warning was issued in 2019, 2 citations and 11 warnings were issued in 2020, and 1 citation and 0 warnings were issued in 2021. Surrounding cities, with the exception of Grapevine, all have current curfew ordinances. Legal Review: Agenda Item was reviewed by Robert Hager. Fiscal Impact: There is no fiscal impact attached to this agenda item. Recommendation: The ordinance supports businesses and parents in controlling hours kept by minors under the age of 17. The Police Department recommends this ordinance by renewed without modifications for the next three years. 2 Page 1 TM 127792 ORDINANCE NO. _____________ AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, READOPTING, RATIFYING, REPUBLISHING AND EXTENDING CHAPTER 9 OF THE CODE OF ORDINANCES, ARTICLE 9-17, CURFEW HOURS FOR MINORS, FOR A PERIOD OF THREE (3) YEARS; PROVIDING A REPEALING CLAUSE; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Council has previously passed and adopted Ordinance No. 2000–906, which provides for "Curfew Hours for Minors" establishing such curfew hours and penalties for violations thereof; and WHEREAS, the "Curfew Hours for Minors" was readopted by Ordinance No. 2003- 1030 on March 25, 2003; Ordinance No. 2007-1158 on February 27, 2007; Ordinance No. 2010- 1247 on February 9, 2010, Ordinance No. 2013-1334 on February 26, 2013, and Ordinance 2016- 1431, on February 23, 2016, Ordinance No. 2019-1510 on February 12, 2019; and WHEREAS, such Ordinance has been codified as Chapter 9, Article 9-17, Sections 9- 17-1 through 9-17-6, of the Code of Ordinances; and WHEREAS, Chapter 370.002 of the TEX A S LOCAL GOVERNMENT CODE, as amended, provides that the City Council shall review the Article and conditions the ordinance was intended to remedy three (3) years from its date of passage and every third year thereafter and conduct public hearings to determine the need to continue, modify or abolish the ordinance; and WHEREAS, prior to the expiration of such three (3) year period, the Police Department has furnished records and reports indicating the need for such ordinance to remain in effect; and WHEREAS, the City desires after public hearing to continue the provisions of the Code without any modifications and schedule the same for review in February 2022. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: SECTION 1. That Ordinance Nos. 2003-1030, 2007-1158, 2010-1247, 2013-1334, 2016- 1431 and 2019-1510 codified as Chapter 9, Article 9-17, Sections 9-17-1 through 9-17-6 of the Code of Ordinances is hereby readopted, ratified, republished and extended from the date of Page 2 TM 127792 its execution and shall remain in effect through February 2025, unless otherwise repealed or terminated under the provisions of State law. SECTION 2. That all provisions of the Code of Ordinances of the City of Coppell, Texas, except as provided herein, in conflict with the provisions of this ordinance be, and the same are hereby, repealed, and all other provisions not in conflict with the provisions of this ordinance shall remain in full force and effect. SECTION 3. That should any word, phrase, paragraph, or section of this ordinance or of the Code of Ordinances, as amended hereby, be held to be unconstitutional, illegal or invalid, the same shall not affect the validity of this ordinance as a whole, or any part or provision thereof other than the part so decided to be unconstitutional, illegal or invalid, and shall not affect the validity of the Code of Ordinances as a whole. SECTION 4. That this ordinance shall take effect immediately from and after its passage and publication, as the law and charter in such cases provide. DULY PASSED by the City Council of the City of Coppell, Texas, this ___ day of February 2022. APPROVED: By: ATTEST: WES MAYS, MAYOR By: _____________________________________ ASHLEY OWENS, CITY SECRETARY APPROVED AS TO FORM: By: ______________________________________ ROBERT E. HAGER, CITY ATTORNEY Master City of Coppell, Texas 255 E. Parkway Boulevard Coppell, Texas 75019-9478 File Number: 2022-6135 File ID: Type: Status: 2022-6135 Agenda Item Agenda Ready 1Version: Reference: In Control: City Council 02/14/2022File Created: Final Action: STR PresentationFile Name: Title: Presentation and discussion of proposed changes to the Short-Term Rental Ordinance. Notes: Sponsors: Enactment Date: STR Memo.pdf, STR Ordinance.pdfAttachments: Enactment Number: Hearing Date: Contact: Effective Date: Drafter: Related Files: History of Legislative File Action: Result: Return Date: Due Date: Sent To: Date: Acting Body: Ver- sion: Text of Legislative File 2022-6135 Title Presentation and discussion of proposed changes to the Short-Term Rental Ordinance. Summary Based on best practices from ordinances around the country, staff has prepared a draft ordinance that contains proposed changes to the current Short-Term Rental Ordinance. Fiscal Impact: N/A Staff Recommendation: Staff is seeking guidance from City Council prior to bringing forward an ordinance for adoption. Strategic Pillar Icon: Enhance the Unique 'Community Oasis' Experience Page 1City of Coppell, Texas Printed on 2/24/2022 Master Continued (2022-6135) Page 2City of Coppell, Texas Printed on 2/24/2022 1 MEMORANDUM To: Mayor and City Council From: Mindi Hurley, Director of Community Development Date: February 22, 2022 Reference: Presentation and discussion of proposed changes to the Short-Term Rental Ordinance 2040: Enhance the Unique “Community Oasis” Experience Introduction: Staff is presenting proposed changes to the Short-Term Rental Ordinance and seeking direction from City Council before a final ordinance is brought forward for consideration and approval. Background: On January 11, 2022, City Council voted to extend the expiration date of the Short-Term Rental Ordinance from January 31, 2022, to June 30, 2022. This extension provided staff with the time necessary to review best practices from short-term rental ordinances throughout the state and to prepare a draft ordinance with proposed changes for City Council review. Staff is looking for direction from City Council on the proposed changes before a final ordinance is brought forward for consideration and approval. The Short-Term Rental Ordinance provides the operational regulations for short-term rentals. From the beginning, the ordinance was designed to provide a balance between meeting the desires of owner- occupants to share their homes on an intermittent basis and providing protection for the neighboring properties. The proposed changes are a continuation of that balance. They are aimed at providing a clear understanding of definitions, processes, and enforcement. Providing this clarity increases the objectivity for all parties involved. Analysis: While additional definitions have been included to provide guidance to those interested in operating a short-term rental, the most significant changes include: • Registration: Short-term rental operators will now be required to re-apply for registration for their property on an annual basis, which will require an annual inspection. • Violations: Better definition of what constitutes a violation of the ordinance. • Revocation: Defined process for revocation of a permit. • Appeal: Provides a timeline for appeal for denied permits or permits that have been revoked. • Sunset Review: Removal of the sunset review from the ordinance going forward. 2 While the annual sunset review is being removed from the ordinance, staff will continue to monitor changes in the short-term rental industry and issues related to short-term rentals. The ordinance can be revisited at any time. After the recommended changes are presented and direction is provided by City Council, staff will bring back a final ordinance for approval at a later date. Legal Review: The City Attorney prepared the Ordinance. Fiscal Impact: None Recommendation: Staff recommends approval. Draft 02-14-2022 1 TM127552 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, AMENDING CHAPTER 9 OF THE CODE OF ORDINANCES BY REPEALING ARTICLE 9-29, SHORT TERM RENTALS IN ITS ENTIRETY AND REPLACING IT WITH A NEW ARTICLE 9-29, SHORT TERM RENTALS; PROVIDING FOR REGULATIONS FOR THE REGISTRATION AND USE OF SHORT TERM RENTALS; PROVIDING FOR REGISTRATION, PROVIDING FOR DEFINITIONS; PROVIDING FOR INSPECTIONS; PROVIDING FOR RESTRICTIONS; PROVIDING FOR BROCHURE AND SAFETY REQUIREMENTS; PROVIDING FOR NEIGHBORHOOD NOTIFICATION; PROVIDING FOR VIOLATIONS AND PENALTIES; PROVIDING FEES; PROVIDNG FOR A SUNSET REVIEW: PROVIDING A REPEALING CLAUSE; PROVIDING A SEVERABILITY CLAUSE; PROVIDING A SAVINGS CLAUSE; PROVIDING A REPEALING CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Council has determined that regulations are needed to be updated to address regulations for Short Term Rentals, and WHEREAS, permanent residents desire the option to occasionally utilize their properties for home share rentals (STR); and WHEREAS, the operation of Short Term Rentals should not negatively affect property values, and WHEREAS, the Short Term Rentals should be required to pay Hotel Occupancy Taxes, and WHEREAS, the City Council has determined that regulations needed are intended to protect the public health, safety, morals and general welfare. NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF COPPELL, TEXAS, THAT: SECTION 1. That Chapter 9, General Regulations, of the Code of Ordinances is hereby amended by repealing Article 9-29, Short Term Rentals in its entirety and replacing it with a new Article 9-29, Short Term Rentals, which shall read as follows: Draft 02-14-2022 2 TM127552 “CHAPTER 9, GENERAL REGULATIONS ….. ARTICLE 9-29 SHORT TERM RENTAL “Sec. 9-29-1. - Purpose and applicability. The purpose of this division is to establish regulations for the registration and use of Short Term Rentals for single family living units. The requirements of this division apply only to the regulation of Short Term Rentals, as defined herein, in accordance with the city's Zoning Ordinance, Chapter 12 of Code of Ordinances. Nothing in this division, however, shall be construed to be a waiver of the requirement to assess and collect hotel occupancy taxes for any residential rental for less than 30 consecutive days, or any other applicable provision of the Coppell Code of Ordinances. Sec. 9-29-2. -Definitions Advertise means the written, audio, oral or other methods of drawing the public’s attention whether by brochure, written literature or on-line posting to a Short Term Rental in order to promote the availability of the short term rental. Dwelling means a building that contains one or two dwelling units used, intended or designed to be used, rented, leased, let or hired out to be occupied for living purposes. Dwelling Unit means a single unit providing complete, independent living facilities for one or more persons, including permanent provisions for living, sleeping, eating, cooking and sanitation. Guest means a person who pays or gives a benefit or thing of value to another in exchange for the use of dwelling, premises or a portion thereof regulated under this Article for use of a residential dwelling, premises or portion thereof for the privilege to use a Short-Term Rental and/or person's invitees for use of such dwelling, premises or portion. Guest Room. A room or part thereof used or intended to be used by one or more guests for living or overnight sleeping purposes Host means the person, firm, corporation, partnership or association, assigned the duty and responsibility by the owner to manage or rent a residence for a short term rental. Draft 02-14-2022 3 TM127552 Hotel Occupancy Tax means the hotel occupancy tax as defined in Chapter 1 the Coppell Code of Ordinances and Chapter 3 of the Texas Tax Code. Local Emergency Contact means an individual other than the applicant, who resides within 20 miles of the subject property, and who is designated by the owner/applicant to act as the owner’s authorized agent if the owner has traveled outside of the immediate area or is otherwise unavailable. The local emergency contact should be reachable on a 24-hour basis, have access to the Short Term Rental Property, and be authorized by the owner to act in the owners absence to address any complaints, disturbances, emergencies and property conditions. Owner means the person who, in accordance with the most recently recorded deed, deed of trust, security instrument, trust instrument, affidavit of heirship, muniment of title or other similar conveyance or transfer document indicating title to real property recorded in the Official Public Records of Dallas County, Texas, is vested in, the ownership, dominion or title of real property, including, but not limited to: (1) The owner of a fee simple title; (2) The owner of a life estate; (3) The purchaser named in an executory contract for conveyance entered in compliance with title 2, chapter 5, subchapter D of the Texas Property Code, as amended, and recorded in the Official Public Records of Dallas County, Texas if required by Texas Property Code, § 5.076, as amended; or (4) A mortgagee, receiver, executor or trustee in control of real property. Permit holder means person who receives a permit to operate a STR under this Article. Person means an individual, corporation, business trust, estate, trust, partnership or association, two or more persons having a joint or common interest, or any other legal or community entity. Premises means a lot, plot or parcel of land, easement or public way, including any structures thereon. Primary Residence means the usual dwelling place of the applicant’s residential dwelling and is documented as such by at least two of the following: motor vehicle registration, driver’s license, Texas State Identification card, voter registration, property Draft 02-14-2022 4 TM127552 tax documents, or utility bill. For purpose of this chapter, a person may have only one primary residence. Residential districts: Includes the following districts: SF-ED, SF-18, SF-12, SF-9, SF-7, 2F-9, TH-1, TH-2, RBN or any Planned Development District, which allow residential occupancy defined in Chapter 12 of the Code of Ordinances. Short Term Rental (STR) is defined as “the rental of any residence or residential structure, or a portion of a residence or residential structure for a period of less than 30 days”. The term does not include; 1. a unit that is used for a nonresidential purpose, including an educational, retail, restaurant, banquet space, or event center purpose or other commercial purposes another similar use; 2. a bed and breakfast; or 3. a hotel/residence hotel. 4. Boarding homes (hostel) 5. A place for residence or use as a licensed health care or assisted living facility. 6. Parsonage on the premise of a church, mosque or synagogue Short-Term Rental Listing Service — means an individual from corporation, association, business or other legal entity that participates in the Short-Term Rental business by facilitating booking or proceeding management services through which an owner may offer Short-Term Rentals to potential guests1. Short-Term Rental Permit— A permit issued by the City that allows a person, firm, corporation and those acting in concert with such lawfully rent or offer to rent to a guest. Single-family residence means as defined in the Code of Ordinances and in this article which includes the following: (1) One-family dwelling (detached): A dwelling designed and constructed for occupancy by one family and located on a lot or separate building tract and having no physical connection to a building located on any other lot or tract; and is located in a single 1 Short-Term Rental Listing Services usually, though not necessarily, provide booking services through an online platform that allows an owner to advertise the premises through a website provided by the Short -Term Rental Listing Service and the Short- Term Rental Listing Service conducts a transaction by which potential guests arrange their use and their payment, whether the potential guest pays rent directly to the owner or to the Short-Term Rental Listing Service. Draft 02-14-2022 5 TM127552 family zoning district in the Comprehensive Zoning district or live work zoning or planned development district. (2) One-family dwelling (attached): A dwelling which is joined to another dwelling at one or more sides by a party wall or abutting separate wall and which is designed for occupancy by one family and is located on a platted separate lot, delineated by front, side and rear lot lines located in the TH, HO or LW or PD district for each use. (3) Two-family dwelling: A single structure designed and constructed with two dwelling units under a single roof for occupancy by two families, one in each unit; and (4) Condominium: The separate ownership of single dwelling units in a multiple unit structures with common elements and; (5) Multi-family dwelling or apartment: Any building or portion of a building, which is designed, built, rented, leased or let to be occupied as three or more dwelling units or apartments or which is occupied as a home or place of residence by three or more families living in independent dwelling units. Sleeping Unit. A room or space in which people sleep, which can also include permanent provisions for living, eating, and either sanitation or kitchen facilities but not both. Such rooms and spaces that are also part of a dwelling unit are not sleeping units. Transient, Occupancy, of a dwelling unit or sleeping unit for fewer than 30 consecutive days. Sec. 9-29-3. - Short Term rental registration requirements. A. No person shall advertise, offer rent, lease, sublease, license or sublicense or offer the same, a residential property within the City as a Short Term Rental unless registered in accordance with this Article. B. Registration shall be made upon forms furnished by the city for such purpose and shall specifically require the following minimum information: Draft 02-14-2022 6 TM127552 1. Name, address, phone number and e -mail address of the property owner (s) of the Short-Term Rental property. 2. Verification of that this Short-Term rental property is the applicant’s Residence. 3. The name, address, e-mail address and 24-hour telephone number of a contact person who is local emergency contact, the owner, operator or designated agent and who shall be responsible and authorized to respond to complaints concerning the Short-Term Rental within one hour or less; 4. An acknowledgement that any permit granted under this Article does not supersede any property-specific restrictions against Short-Term Rentals that may exist under law, agreement, lease, private covenantor deed restriction, homeowner association rules or regulation.; 5. A depiction of the floor plan that identifies sleeping areas, proposed maximum number of guests, evacuation routes and location of all fire extinguishers and smoke detectors; 6 Site Plan/Survey of the property indicating maximum number of vehicles that can be legally parked on the property, without encro aching onto sidewalks or alleys, other public rights-of-way or public property. 7 Zoning classification(s). 8 A sworn statement that the owner has met and will continue to comply with all requirements of this Article including, but not limited to, obtaining annual independent inspections of required fire extinguishers in compliance with the current Coppell Fire Code, as amended; and 9 Acknowledgement of receipt of a copy of this Article and agreement to comply with all provisions of this article as a condition to receiving and consent to inspection during 8:00am to 5:00pm maintaining a short-term rental permit. C. Applications shall be considered complete when all documentation required under under this Article has been submitted and all permit fees have been paid. Incomplete applications will not be accepted. Draft 02-14-2022 7 TM127552 D. A permit to operate or maintain a Short-Term Rental is not transferable to another owner, operator or location. Sec. 9-29-4. - Inspection Required A. To ensure compliance with the requirements of this Article, a Short-Term Rental may be inspected in the following methods: 1. Initial inspection. As part of the issuance of a new Short-Term Rental Permit and any reapplication thereof, the City may conduct an inspection to verify compliance with this Article. 2. Fire extinguishers / Suppression System. The owner is responsible for obtaining annual independent inspections of the fire extinguishers or fire suppression system in compliance with the Coppell Fire Code. 3. Inspections upon report or suspicion of a violation. The City may perform inspections when a violation of this Article or other law is reported or suspected. B. If only a portion of the premises is offered for rent, then that portion plus shared amenities and points of access shall be inspected. C. If, upon completion of the inspection, the premises are found to be in violation of one or more provisions of applicable City codes and ordinances, the City shall provide written notice of such violation and shall set a re-inspection date for violation to be corrected prior to its occupancy. Sec. 9-29-5. - Restrictions on Short Term Rental Operation. A. External Signage. External on-site or off-site advertising signs or displays indicating the property is s Short Term Rental are forbidden. B. Limit on occupants allowed. No more than two occupants per bedroom, plus no more than two occupants shall be allowed when renting a property as a home share rental, except that: 1. There shall be a maximum occupancy of ten (10) occupants. 2. Bedrooms under 120 square feet shall be limited to only one adult occupant. Draft 02-14-2022 8 TM127552 C. Limits on number of vehicles. There shall be a maximum of one car per bedroom, or maximum number of cars that can be accommodated within the garage and driveway, without extending over the public rights of way (alleys and sidewalks) whichever is less. D. Advertisement and contracts. Any advertisement of the property as a short term rental and all rental contracts must contain language in bold and different font that specifies the maximum number of occupants and maximum number of vehicles as set forth in this Section. E. Other restrictions. It is unlawful for any person to: 1. Operate or allow to be knowingly operated a Short-Term Rental without first registering the property in which the rental is to occur with the City in accordance with this Article; 2. Advertise or offer to rent a Short-Term Rental without having obtained a permit issued for such premises in accordance with this article. Any documented advertisement or offer, shall be considered prima facie evidence of a violation under this article; 3. A licensee or operator may not advertise, promote or allow another to advertise or promote a short-term rental without including: (1) the permit number assigned by the City to the short-term rental; and (2) the applicable occupancy limit for the short-term rental 4. Operate a Short-Term Rental that does not comply with all applicable city and state laws and codes; 5. Operate a Short-Term rental without paying the required hotel occupancy taxes; 6. Offer or allow the use of a Short-Term Rental for the sole or primary purpose of having a party venue; 7. Fail to include a written prohibition against the use of a Short-Term Rental for having a party in every advertisement, listing, or other publication offering the premises for rent. Draft 02-14-2022 9 TM127552 8. Allow, permit or suffer the use of the Short-Term Rental for the purpose of housing sex offenders; operating a structured sober, recovery or other purpose living home or similar enterprise; selling illegal drugs; selling alcohol or another activity that requires a permit under the Alcoholic Beverage Code; or operating as a sexually oriented business. 9. Rent to a guest who is under the age of twenty-one (21). Sec. 9-29-6. - Brochure and safety features. A. Informational brochure. Each registrant operating a Short-Term Rental shall file with City and provide to guests a brochure that includes: 1. The registrant's twenty-four (24) hour contact information; 2. The host’s twenty-four (24) hour contact information if the property owner is not within the city limits when guests are renting the premises; 3. Pertinent neighborhood information including, but not limited to, parking guidelines restrictions on noise and amplified sound, and trash collection schedules; 4. Information to assist guests in the case of emergencies posing threats to personal safety or damage to property, including emergency and non- emergency telephone numbers for police, fire and emergency medical services providers and instructions for obtaining severe weather, natural or manmade disaster alerts and updates. B. Safety features. Each Short-Term Rental registrant shall provide in the premises working smoke detectors in accordance with adopted codes and at least one working carbon monoxide detector and alarm, and one working fire extinguisher or fire suspension system. The premises shall, otherwise comply with applicable Codes of Ordinance including but not limited to Building Maintenance and Fire Codes. Sec. 9-29-7. – Notification of Approval of Short-Term Rental Within ten (10) days of the approval of a Short-Term Rental registration and reapplication, a notice will be sent to all property owners within two-hundred feet (200 Draft 02-14-2022 10 TM127552 ft.) of the property, and shall include the 24-hour complaint line, and pertinent information about this article. Sec. 9-29-8. - Registration term, fees, and renewal. A. All registrations approved under this Chapter shall be valid for a period of one year from the date of its issuance. 1. The fees for registration of a Short-Term Rentals may include the following: a. The initial registration fee, b. a late fee of twice the established the fee, and c. senior exemption or other exemption. B. Upon receipt of an application for re-application of the registration, the director or their designee may deny the registration if there is reasonable cause to believe that: 1. The registrant has violated any ordinance of the city, or any state, or federal law on the premises or has permitted such a violation on the premises by any other person; or 2. There are grounds for suspension, revocation, or other registration sanction as provided in this article. Sec. 9-29-9. - Inspections; re-inspections; suspension and revocation of permit. (a) Inspections; access. The resident owner, nonresident owner, resident manager and property manager, as a condition to the issuance of a short-term rental permit required by this article, shall consent and agree to permit and allow the city's building official or their designee to make the following inspections of the short-term rental when and as needed to ensure compliance with this article: (1) Right and access to inspect all portions of the premises and structures located on the premises that are not dwelling units, including, but not limited to, all storage areas, detached garages, and swimming pools, upon reasonable advance notice being given to the resident owner, nonresident owner, property manager or resident manager; Draft 02-14-2022 11 TM127552 (2) Right and access to inspect all unoccupied dwelling units upon giving reasonable notice to resident owner, nonresident owner, resident manager or property manager; (3) Right and access to inspect all occupied dwelling units when, upon receipt of reliable information, the building official or their designee has reason to believe that violations of the ordinances of the city or state law exist that involve serious threats to life, safety, health and property; and (4) Before the short-term rental permit and any renewal of the short- term rental permit is approved, and before the rental of any single-family residence as a short-term rental under this article, the resident owner, nonresident owner, resident manager or property manager shall request an inspection and make the single-family residence available for inspection by the building official or their designee. The building official or their designee and the resident owner, nonresident owner, resident manager and property manager shall agree on a reasonable date and time for the requested inspection. (b) Admission to premises. The building official or their designee may enforce the provisions of this article upon presentation of proper identification to the occupant in charge of the short-term rental and may enter, with the occupant's permission, any short- term rental between the hours of 8:00 a.m. and 6:00 p.m.; provided, however, that in cases of emergency where extreme hazards are known to exist which may involve imminent injury to persons, loss of life, or severe property damage, the building official or their designee may enter the short-term rental referenced in subsection (a) of this section at any time and upon presentation of identification and the occupant's permission shall not apply. Whenever the building official is denied admission to inspect any short-term rental under this provision, inspection shall be made only under authority of a warrant issued by a magistrate authorizing the inspection. (c) Reinspection. If any of the inspections authorized by this article require a second reinspection due to noted violations, reinspection fee of $_______ shall be assessed and paid prior to the second reinspection. (d) Suspension or revocation of permit. Failure of an owner to comply with the provisions of this article after receipt of written notice of the violation from the building official or their designee setting out the violations and the time allowed to rectify the Draft 02-14-2022 12 TM127552 violations, the short-term rental permit authorized by this article issued to the owner may be suspended or revoked by the community development department. (e) Reinstatement. Any person requesting a reinstatement or reissuance of a short- term rental permit that has been suspended or revoked shall be required to apply for and receive a new short-term rental permit issued under this article as a condition precedent to the reissuance or reinstatement of the certificate of occupancy. Sec. 9-29-10.- Revocation/Appeal A. Permit maybe denied and/or revoked by the City Manager or designee upon a finding by the noncompliance with any provisions of this article or violations of the Comprehensive Zoning Ordinance, or other applicable city codes. B. A permit may be suspended for up to 150 days for the following reasons: (a) If found guilty in Municipal Court of two or more violations of The City of Coppell Code ordinances or misdemeanor state penal laws within a twelve month period. i. Operating in violation of building, fire, health, or safety codes – based on official investigation and determination – 10-day correction period allowed. ii. Failure to file or pay applicable sales and lodging taxes. iii. Failure to pay an annual permit application fee iv. Failure to apply for an STR permit C. A permit may be revoked or reapplication denied for up to 1 full year for the following reasons: (a) More than one permit suspension within the past year (b) False or misleading application materials (c) Operation of STR during a suspension (d) Any conditions that would have warranted a denial of permit at the time of application D. A permit holder may be subject to permanent revocation if there are four violations of this article or other City's safety, health, and welfare ordinances. Draft 02-14-2022 13 TM127552 i. Operating in violation of building, fire, health, or safety codes – based on official investigation and determination – 10-day correction period allowed. ii. Failure to file or pay applicable sales and lodging taxes. iii. Failure to pay an annual permit application fee iv. Failure to apply for an STR permit v. False or misleading information contained in the application for permit vi. Operation of STR during a permit suspension E. The community development department shall issue a notice of violation of any provision of this article or violations as provided herein. Such notice shall include the date, time and synopsis of the facts surrounding such violation. F. An applicant or permit holder who wishes to appeal the denial or revocation of a permit under this article, shall file an appeal with the Board of Adjustment within 10 days of notice for reinstatement of a denied or revoked permit. G. The Board of Adjustment shall conduct an eviden tiary hearing, take testimony and receive any documented evidence to determine whether the decision of City Manager or designee should be upheld or overturned. H. At the hearing, the Board of Adjustment shall receive a testimony and evidence to contest the decision to deny or revoke a permit. I. The Board of Adjustment upon completion of a hearing, shall upon a majority vote of four-fifths of the Board grant or deny the appeal. J. All decision of the Board of Adjustment under this article shall be deemed final. Sec. 9-29-11. – Fees All fees for registration, inspection or renewal, including any late fees or exemptions, as provided in this article, shall be as established by resolution of the City Council. Sec. 9-19-12. - Presumption; presentation of documents or affidavit. (a) Presumption. It shall be a rebuttable presumption that a single-family residence that is occupied by one or more person(s) who are not the owner is being occupied pursuant Draft 02-14-2022 14 TM127552 to an agreement between the owner and the occupant(s) of the single-family residence wherein the occupant(s) have agreed to lease said residence from the owner. (b) Presentation of documents or affidavits. Any resident owner or nonresident owner claiming that the owner is not required to obtain a short-term rental permit pursuant to this article shall, not later than five business days following receipt of a written request of the building official or their designee or, in the case of an appeal filed pursuant to Section 9-29-10 of this article deliver to the community development department a true and correct copy of any agreements, documents of title, letters of administration, letters testamentary, executory contracts for conveyance (also known as "contracts for deed"), affidavits, or other documents that establish to the satisfaction of the community development department that a landlord/tenant relationship does not exist between the owner and the occupant(s) of the single-family residence. Unless an extension of the time for delivery of such documents or affidavits is granted by the building official or their designee or city manager, as the case may be, the failure of the owner to present the requested documents within the time provided by this subsection (b) shall result in the presumption described in subsection (a) above, becoming irrefutable. Sec. 9-29-13. – Violations and Penalties Violation of this ordinance upon conviction shall be punished by a fine not to exceed the sum of Two Thousand Dollars ($2,000.00) for each offense; and each and every day such violation shall continue shall be deemed to constitute a separate offense.” SECTION 3. That all provisions of the Ordinances of the City of Coppell, Texas, in conflict with the provisions of this ordinance be, and the same are hereby, repealed, and all other provisions not in conflict with the provisions of this ordinance shall remain in full force and effect. SECTION 4. That should any sentence, paragraph, subdivision, clause, phrase or section of this ordinance be adjudged or held to be unconstitutional, illegal or invalid, the same shall not affect the validity of this ordinance as a whole, or any part or provision thereof other than the part so Draft 02-14-2022 15 TM127552 decided to be unconstitutional, illegal or invalid, and shall not affect the validity of the Code of Ordinances as a whole. SECTION 5. An offense committed before the effective date of this ordinance is governed by prior law and the provisions of the Code of Ordinances, as amended, in effect when the offense was committed and the former law is continued in effect for this purpose. SECTION 6. That this ordinance shall take effect on ___________ and after publication of its caption, as the law and charter in such cases provide. DULY PASSED by the City Council of the City of Coppell, Texas, this the _______ day of ___________________, 2022. APPROVED: _____________________________________ WES MAYS, MAYOR ATTEST: _____________________________________ ASHLEY OWENS, CITY SECRETARY APPROVED AS TO FORM: ________________________________ ROBERT E. HAGER, CITY ATTORNEY Draft 02-14-2022 16 TM127552 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, AMENDING CHAPTER 9 OF THE CODE OF ORDINANCES BY REPEALING ARTICLE 9-29, SHORT TERM RENTALS IN ITS ENTIRETY AND REPLACING IT WITH A NEW ARTICLE 9-29, SHORT TERM RENTALS; PROVIDING FOR REGULATIONS FOR THE REGISTRATION AND USE OF SHORT TERM RENTALS; PROVIDING FOR REGISTRATION, PROVIDING FOR DEFINITIONS; PROVIDING FOR INSPECTIONS; PROVIDING FOR RESTRICTIONS; PROVIDING FOR BROCHURE AND SAFETY REQUIREMENTS; PROVIDING FOR NEIGHBORHOOD NOTIFICATION; PROVIDING FOR VIOLATIONS AND PENALTIES; PROVIDING FEES; PROVIDNG FOR A SUNSET REVIEW: PROVIDING A REPEALING CLAUSE; PROVIDING A SEVERABILITY CLAUSE; PROVIDING A SAVINGS CLAUSE; PROVIDING A REPEALING CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. DULY PASSED by the City Council of the City of Coppell, Texas, this the _______ day of ___________________, 2022. APPROVED: _____________________________________ WES MAYS, MAYOR ATTEST: _____________________________________ ASHLEY OWENS, CITY SECRETARY Master City of Coppell, Texas 255 E. Parkway Boulevard Coppell, Texas 75019-9478 File Number: 2022-6146 File ID: Type: Status: 2022-6146 Agenda Item Agenda Ready 1Version: Reference: In Control: City Council 02/15/2022File Created: Final Action: Repeal COCFile Name: Title: Consider approval of an Ordinance repealing Chapter 1, Article 1-13 “Code of Conduct” in its entirety; and authorizing the Mayor to sign. Notes: Sponsors: Enactment Date: Memo.pdf, Repealing Ordinance.pdfAttachments: Enactment Number: Hearing Date: Contact: Effective Date: Drafter: Related Files: History of Legislative File Action: Result: Return Date: Due Date: Sent To: Date: Acting Body: Ver- sion: Text of Legislative File 2022-6146 Title Consider approval of an Ordinance repealing Chapter 1, Article 1-13 “Code of Conduct” in its entirety; and authorizing the Mayor to sign. Summary Fiscal Impact: None. Staff Recommendation: Review the memo. Page 1City of Coppell, Texas Printed on 2/24/2022 1 MEMORANDUM To: Mayor and City Council From: Mike Land, City Manager Date: February 22, 2022 Reference: Consider approval of an Ordinance repealing Chapter 1, Article 1-13 “Code of Conduct” in its entirety; and authorizing the Mayor to sign. Introduction: At the request of the Mayor and City Council the Code of Conduct is being reviewed and a new Article will be considered for approval at a future meeting. Legal Review: The documents were reviewed by Bob Hager at NJDHS. Fiscal Impact: None. TM 127705 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS ORDINANCE NO. ________ AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, AMENDING THE CODE OF ORDINANCES BY REPEALING CHAPTER 1 ‘ADMINISTRATION’, ARTICLE 1-13 ‘CODE OF CONDUCT’, SECTIONS 1-13-1 THROUGH 1-13-9, INCLUSIVE IN ITS ENTIRETY TO ALLEVIATE ANY POSITIONS, DUTIES AND OBLIGATIONS OF ANY AND ALL PERSONS APPOINTED UNDER SAID ARTICLE EFFECTIVE IMMEDIATELY; AND BY RESERVING SAID ARTICLE FOR FUTURE USE; PROVIDING A REPEALING CLAUSE; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council has adopted a Code of Conduct for city council member and other officers of the City as defined by the ordinance; and WHEREAS, the City Council is of the opinion that the Code of Conduct as now established should be revised by both substance and process; and WHEREAS, the City Council has determined that by dissolving said boards is in the best interest of fair and open government; and WHEREAS, the City Council requests the City Manager and City Attorney propose best practice suggestions for future debut and adoption; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: SECTION 1. That Chapter 1, Article 1-13, Code of Conduct, Sections 1-13-1 through 1-13- 9, inclusive is hereby repealed in its entirety and hereby reserves said article for future use to read as follows: “CHAPTER 1 ADMINISTRATION ARTICLE 1-13-1 . . . . . . . . . ARTICLE 1-13-9 - RESERVED …..” SECTION 2. That the provisions of this ordinance shall apply to the current persons appointed under this article; and, any appointed or designated are hereby relieved of their respective TM 127705 duties and obligations under said repealed article; and, that with all deliberate speed City Manager and City Attorney shall propose a new ordinance for deliberation and adoption to govern ethics and conduct of boards, commission and council. SECTION 3. That all provisions of the Code of Ordinances of the City of Coppell, Texas, in conflict with the provisions of this ordinance be, and the same are hereby, repealed, and all other provisions not in conflict with the provisions of this ordinance shall remain in full force and effect. SECTION 4. That should any word, phrase, paragraph, section or phrase of this ordinance or of the Code of Ordinances, as amended hereby, be held to be unconstitutional, illegal or invalid, the same shall not affect the validity of this ordinance as a whole, or any part or provision thereof other than the part so decided to be unconstitutional, illegal or invalid, and shall not affect the validity of the Code of Ordinances as a whole. SECTION 5. An offense committed before the effective date of this ordinance is governed by prior law and the provisions of the Code of Ordinances, as amended, in effect when the offense was committed and the former law is continued in effect for this purpose. SECTION 6. That this ordinance shall take effect after its passage. DULY PASSED by the City Council of the City of Coppell, Texas, this the _______ day of ___________________, 2022. APPROVED: WES MAYS, MAYOR ATTEST: ASHLEY OWENS, CITY SECRETARY APPROVED AS TO FORM: _________________________________ ROBERT E. HAGER, CITY ATTORNEY Master City of Coppell, Texas 255 E. Parkway Boulevard Coppell, Texas 75019-9478 File Number: 2022-6141 File ID: Type: Status: 2022-6141 Agenda Item Agenda Ready 1Version: Reference: In Control: City Council 02/15/2022File Created: Final Action: Upcoming eventsFile Name: Title: Report by the Mayor and City Council on recent and upcoming events. Notes: Sponsors: Enactment Date: Attachments: Enactment Number: Hearing Date: Contact: Effective Date: Drafter: Related Files: History of Legislative File Action: Result: Return Date: Due Date: Sent To: Date: Acting Body: Ver- sion: Text of Legislative File 2022-6141 Title Report by the Mayor and City Council on recent and upcoming events. Summary Page 1City of Coppell, Texas Printed on 2/24/2022 Master City of Coppell, Texas 255 E. Parkway Boulevard Coppell, Texas 75019-9478 File Number: 2022-6142 File ID: Type: Status: 2022-6142 Agenda Item Agenda Ready 1Version: Reference: In Control: City Council 02/15/2022File Created: Final Action: ReportsFile Name: Title: A. Report on Dallas Regional Mobility Coalition - Councilmember Don Carroll B. Report on Woven Health Clinic - Councilmember Mark Hill C. Report on Metrocrest Services - Councilmember Biju Mathew D. Report on Coppell Seniors - Councilmember Jun E. Report on Historical Society - Councilmember Long Notes: Sponsors: Enactment Date: Attachments: Enactment Number: Hearing Date: Contact: Effective Date: Drafter: Related Files: History of Legislative File Action: Result: Return Date: Due Date: Sent To: Date: Acting Body: Ver- sion: Text of Legislative File 2022-6142 Title A. Report on Dallas Regional Mobility Coalition - Councilmember Don Carroll B. Report on Woven Health Clinic - Councilmember Mark Hill C. Report on Metrocrest Services - Councilmember Biju Mathew D. Report on Coppell Seniors - Councilmember Jun E. Report on Historical Society - Councilmember Long Summary Page 1City of Coppell, Texas Printed on 2/24/2022