Texas Comptroller’s Annual Local Debt Report

 

   
Fill in the cells in column B that correspond with the requested information. (*) indicates required information.  
Entity Information  
Political Subdivision Name*: Montgomer County Emergency Service District No. 6
Political Subdivision Type*: Other
If "other", please specify Emergency Services District
Reporting Fiscal Year*: 2016
Fiscal Year Start (DD/MM/YYYY)*: 10/1/2015
Fiscal Year End (auto): 9/30/2016
Political Subdivision Website, if applicable:  
Political Subdivision Telephone*: 281-354-6666
Political Subdivision Email, if applicable:  
Does the Political Subdivision have any reportable debt?* Yes
   
Contact Information  
Contact Name*: Carter Johnson
Contact Title*: Fire Chief
Contact Phone*: 281-354-6666
Contact Email: cjohnson@porterfire.com
Physical Address, Line 1*: 23550 Loop 494
Physical Address, Line 2:  
City*: Porter
Zip*: 77365
County*: Montgomery
Is the entity's physical and mailing address the same?* Yes
Mailing Address, Line 1:  
Mailing Address, Line 2:  
Mailing City:  
Mailing Zip:  
Mailing County:  

Texas Comptroller’s Annual Local Debt Report

Directions:

Beginning with the row immediately below the column headings, list each of the political subdivision's individual debt obligations along with the information for each obligation. Every column except B, Q, R and S is required for each debt obligation and must be provided for this report to be considered complete. All information entered should reflect the last day of the political subdivision's fiscal year identified on this form. If the political subdivision has no debt to report for the fiscal year, enter "No Reportable Debt" in the first cell below the column title in column A.

Individual Debt Obligations

Outstanding debt obligation* If debt is conduit or component debt, enter related entity name: Principal issued* Principal outstanding* Combined principal and interest required to pay each outstanding debt obligation on time and in full* Final maturity date* (MM/DD/YYYY) Is the debt secured in any way by ad valorem taxes?* Total proceeds received* Proceeds spent*
MON2012-12E   $335,606 $86,068 $87,746 10/15/2016 No $335,606 $263,238
2008 Ladder Truck   $1,000,000 $230,511 $236,402 8/30/2018 No $1,000,000 $977,569
2014 Ferrera Pumper   $448,913 $228,998 $234,850 8/20/2018 No $448,913 $235,850


Outstanding debt obligation* Proceeds unspent* Official stated purpose for which the debt obligation was authorized* Is the debt obligation rated by any nationally recognized credit rating organization?* Moody's S&P Fitch Kroll Other rating (if applicable) Optional: Explanation of repayment source Optional: Comments or additional information per individual debt obligation
MON2012-12E $72,369 Truck for Service No              
2008 Ladder Truck $22,431 Truck for Service No              
2014 Ferrera Pumper $213,063 Truck for Service No              

Texas Comptroller’s Annual Local Debt Report

Entity Information (Auto)  
Political Subdivision Name: Montgomer County Emergency Service District No. 6
Reporting Fiscal Year: 2016

Directions:

Fill in the cells in column B that correspond with the requested information. All information entered should reflect the last day of the political subdivision's fiscal year identified on this form. If there is no debt to report for the fiscal year, enter "N/A" or "$0" in each cell along column B.


Total Tax-Supported and Revenue Debt  
Total authorized debt obligations: $1,784,519
Total principal of all outstanding debt obligations: $545,577
Combined principal and interest required to pay all outstanding debt obligations on time and in full: $558,998


Total debt secured by Ad Valorem Taxation (includes combination tax and revenue debt obligations)  
Total authorized debt obligations secured by ad valorem taxation: $0
Total principal of all outstanding debt obligations secured by ad valorem taxation: $0
Combined principal and interest required to pay all outstanding debt obligations secured by ad valorem taxation on time and in full: $0


Per Capita Total Debt secured by Ad Valorem Taxation (required for municipalities, counties, and school districts only)  
Population of the political subdivision: 28,000
Source and year of population data: Estimate based upon knowledge of area and appraisal district information
Total authorized debt obligations secured by ad valorem taxation expressed as a per capita amount: $0.00
Total principal of outstanding debt obligations secured by ad valorem taxation as a per capita amount: $0.00
Combined principal and interest required to pay all outstanding debt obligations secured by ad valorem taxation on time and in full as a per capita amount: $0.00

Texas Comptroller’s Annual Local Debt Report

Optional Reporting

Directions:

Please complete each of the cells in the right-most column (column E) for all debt obligations in aggregate (or total) as of the last day of the political subdivision's most recently completed fiscal year.

For political subdivisions other than school districts, municipalities and counties

Item # Optional Item Instructions References, Local Government Code Response
1 Total authorized debt obligations secured by ad valorem taxation expressed as a per capita amount for political subdivisions other than municipalities, school districts and counties. Sum all authorized debt obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt in this calculation. Divide this sum by the population of the political subdivision for the corresponding year of debt obligation data. 140.008(b)(3)(A)  
2 Population total used to calculate per capita figure in #1: The denominator used to calculate per capita figure requested in #1.This is a population total for your entity. 140.008(b)(3)(A)  
3 Source and year of population estimate used to calculate per capita figure in #1: The source of population data comprising the denominator of per capita figure in #1. 140.008(b)(3)(A)  
4 Total principal on outstanding debt obligations secured by ad valorem taxation expressed as a per capita amount: Sum the total amount borrowed of all obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt obligations in this total. Ensure that the population data matches time frame of the fiscal year for which you are reporting. 140.008(b)(3)(A)  
5 Population total used to calculate per capita figure in #4: The denominator used to calculate per capita figure requested in #4.This is a population total for your entity. 140.008(b)(3)(A)  
6 Source and year of population estimate used to calculate per capita figure in #4: The source of population data comprising the denominator of per capita figure in #4. 140.008(b)(3)(A)  
7 Total combined principal and interest required to pay all outstanding ad valorem-secured debt obligations on time and in full, expressed as a per capita amount: Sum the total amount borrowed of all obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt obligations in this total. Add to this the cost of debt service for these debt obligations. Divide this total by the population of the political subdivision. Ensure that the population data matches time frame of the fiscal year for which you are reporting. 140.008(b)(3)(A)  
8 Population total used to calculate per capita figure in #7: The denominator used to calculate per capita figure requested in #7.This is a population total for your entity. 140.008(b)(3)(A)  
9 Source and year of population estimate used to calculate per capita figure in #7: The source of population data comprising the denominator of per capita figure in #7. 140.008(b)(3)(A)  


Instructions References, Local Government Code Response
Sum any and all authorized debt obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt obligations in this total. Divide this by the projected population of the political subdivision as of the entity's last day of the maximum term of the most recently issued debt obligation. 140.008(b)(3)(C)  
The denominator used to calculate per capita figure requested in #10.This is a population projection total for your entity. 140.008(b)(3)(C)  
The source of population projection comprising the denominator of per capita figure in #10. 140.008(b)(3)(C)  
The bill asks for the "most recent debt obligation" which is interpreted to mean the most recently issued debt obligation issued by the political subdivision. 140.008(b)(3)(C)  
Sum the total amount borrowed of all obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt obligations in this total. Divide by the projected population total for the political subdivision corresponding to the last day of the maximum term of the most recently issued debt obligation. 140.008(b)(3)(C)  
The denominator used to calculate per capita figure requested in #14.This is a population projection total for your entity. 140.008(b)(3)(C)  
The source of the population projection comprising the denominator of per capita figure in #14. 140.008(b)(3)(C)  
The bill asks for the "most recent debt obligation" which is interpreted to mean the most recently issued debt obligation issued by the political subdivision. 140.008(b)(3)(C)  
Sum the total amount borrowed of all obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt obligations in this total. Add to this the cost of debt service for these debt obligations. Divide this total by the projected population of the political subdivision corresponding to the last day of the maximum term of the most recently issued debt obligation. 140.008(b)(3)(C)  
The denominator used to calculate per capita figure requested in #18.This is a population projection total for your entity. 140.008(b)(3)(C)  
The source of the population projection comprising the denominator of per capita figure in #18. 140.008(b)(3)(C)  
The bill asks for the "most recent debt obligation" which is interpreted to mean the most recently issued debt obligation issued by the political subdivision. 140.008(b)(3)(C)  

Texas Comptroller’s Annual Local Debt Report

Instructions and Glossary

The tables below provide further guidance on properly completing this report. Please contact the Texas Comptroller's office if you have any further questions, by phone (844) 519-5676; or email, Transparency@cpa.texas.gov

Tab 1: Contact Information

Item # Terms Definitions Directions References, Local Government Code
1 Political Subdivision Name Political subdivisions are counties, municipalities, school districts, junior college districts, other special districts, or other subdivisions of state government (Local Government Code, section 140.008 (a) (2)) Enter the legal name of your political subdivision. 140.008(2)
2 Political Subdivision Type Political subdivisions are counties, municipalities, school districts, junior college districts, other special districts, or other subdivisions of state government (Local Government Code, section 140.008 (a) (2)) Click on the cell to access the drop down menu. Select the appropriate type of political entity from the list. If "other" is selected, the blank cell below it must specify the type. Selecting another entity will black the lower cell out. 140.008(2)
3 Does the Political Subdivision have reportable debt? A political subdivision must annually compile and report the required financial information under Local Government Code, Section 140.008. There is not an exception to the filing requirement for a political subdivision with no outstanding debt. Click on the cell to the right to access the drop down menu. Selecting "No" still requires tabs 2 and 3 to be completed. All contact and entity information needs to be completed regardless if there is no reportable debt. 140.008

 

Tab 2: Individual Debt Obligations

Column Terms Definitions Directions References, Local Government Code
column A Outstanding debt obligation an issued public security, as defined under Government Code §1201.002, that has yet to be repaid. Enter the name of the individual debt obligation or bond series. If the entity has no debt to report, enter "No Reportable Debt" in the first cell below the column title (row 10). 140.008(b)(1)(C)
column B If debt is conduit or component debt, enter related entity name debt that is not a legal liability of the political subdivision but is secured by another entity, such as an Economic Development Corporation Enter the name of the entity who the debt is issued to on behalf of the political subdivision. N/A
column C Principal issued total amount borrowed (par) Enter the amount borrowed for each individual debt obligation or bond series. 140.008(b)(1)(G)(i)
column D Principal outstanding total amount borrowed (par) of obligation that has yet to be repaid Enter the amount borrowed that has yet to be repaid for each individual debt obligation or bond series. 140.008(b)(1)(C)
column E Combined principal and interest required to pay each outstanding debt obligation on time and in full the total amount borrowed (par) plus the cost of interest for each individual debt obligation or bond series Enter the amount borrowed plus the cost of interest for each individual debt obligation or bond series; total debt service. 140.008(b)(1)(E )
column F Final maturity date final payment date of individual debt obligation at which point all principal and interest will be paid off Enter the date of the final payment of principal and interest for each individual debt obligation. 140.008(b)(1)(G)(iii)
column G Is the debt secured in any way by ad valorem taxes? indicates which individual debt obligations are in part or whole pledged with property taxes Select "Yes" from the dropdown list if any part of the debt obligation is secured with ad valorem taxes. If not, select "No". 140.008(b)(1)(F)
column H Total proceeds received total assets received from the sale of a new issue of public securities Enter the total assets received from the individual debt obligation. 140.008(b)(1)(G)(ii)
column I Proceeds spent the portion of total proceeds received (column H) that have been spent Enter the portion of the total assets received from the individual debt obligation that have been spent. The spreadsheet automatically calculates this amount. 140.008(b)(1)(G)(ii)
column J Proceeds unspent the portion of total proceeds received that are remaining to be spent Enter the portion of the total assets received from the individual debt obligation that have not been spent. (Formula: subtract column I from column H) 140.008(b)(1)(G)(ii)
column K Official stated purpose for which the debt obligation was authorized The reason for the debt issuance as defined in ballot language if applicable or the Official Statement Enter the purpose for the issuance of this individual series as defined in ballot language if applicable or the Official Statement. If there is not sufficient space in column K, use the Additional Notes (tab 4) to add further information regarding purpose. Be sure to label any additional notes you enter in the Additional Notes tab. 140.008(b)(1)(G)(iv)
columns L - Q current credit rating existing rating given by any nationally recognized credit rating organization to debt obligations Identify if the obligation has received a credit rating. If so, enter the current rating in the appropriate column. Enter credit ratings for all agencies that apply. If the credit rating organization is not listed, enter the rating organization and rating in the "Other Rating" column. If the debt obligation is identified as unrated, columns M - Q will be blacked out. 140.008(b)(2)

 

Tab 3: Summary of Debt Obligations

 

Item # Terms Definitions Directions References, Local Government Code
1 Total authorized debt obligations "1. Debt obligations are defined in the bill as issued public securities which are instruments, including bonds, certificates, notes, or other types of obligations authorized to be issued by an issuer under a statute, a municipal home-rule charter, or the constitution of this state (Government Code section 1201.002 (2)).
2. Issuance is the process of authorizing, selling and delivering public debt.
3. Public security authorization means a resolution , order, or ordinance that is approved or adopted, or any other action taken in a proceeding, by the governing body of an issuer in authorizing the issuance of a public security (Government Code section 1201.002 (3))." Sum any and all authorized debt obligations. This includes voter-approved and non-voter approved debt obligations. 140.008(b)(1)(A), 1201.002
2 Total principal of all outstanding debt obligations Total amount borrowed (par) of all obligations that have yet to be repaid Sum the total amount borrowed of all debt obligations that have yet to be repaid. 140.008(b)(1)(B)
3 Combined principal and interest required to pay all outstanding debt obligations on time and in full Total amount borrowed (par) that has yet to be repaid plus the cost of interest Sum the amount borrowed that has yet to be repaid and the cost of interest; total debt service. 140.008(b)(1)(D)
4 Total authorized debt obligations secured by ad valorem taxation Total debt obligations secured by a pledge of property taxes Sum any and all authorized debt obligations secured in any way by ad valorem taxation. Include combination tax and revenue debt obligations in this total. 140.008(b)(1)(F) & 140.008(b)(1)(A)
5 Total principal of all outstanding debt obligations secured by ad valorem taxation Total amount borrowed (par) of obligations secured by a pledge of property taxes that have yet to be repaid Sum the total amount borrowed of all obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt obligations in this total. 140.008(b)(1)(F) & 140.008(b)(1)(B)
6 Combined principal and interest required to pay all outstanding debt obligations secured by ad valorem taxation on time and in full Total amount borrowed (par)of all property tax-secured obligations plus the cost of interest Sum the amount borrowed for obligations secured in any way by ad valorem taxation plus debt service costs. Include combination tax and revenue debt obligations in this total. 140.008(b)(1)(F) & 140.008(b)(1)(D)
7 Political subdivision's population The denominator used to calculate per capita figures requested on the Summary of Debt Obligations tab. This is a population total for the entity. Make sure that the year of the population figures being used match the fiscal year being reporting on. 140.008(b)(1)(F)
8 Source and year of population data The source of population data comprising the denominator of per capita figures. Include the data source, year and any other pertinent information on the data. For example, if you are using the American Community Survey data, specify the table number. Note that school district population data is available from the U.S. Census Bureau's Poverty Estimates for School Districts which is part of their Small Area Income and Poverty Program (SAIPE) 140.008(b)(1)(F)
9 Total authorized debt obligations secured by ad valorem taxation expressed as a per capita amount (required for a municipality, county, and school districts only) Total authorized debt obligations secured by a pledge of property taxes divided by the population of the political subdivision (only school districts, municipalities and counties are required to provide a response to this question). Sum any and all authorized debt obligations secured in any way by ad valorem taxation that have yet to be repaid and divide this by the population of the political subdivision. Include combination tax and revenue debt obligations in this total. 140.008(b)(1)(F) & 140.008(b)(1)(A)
10 Total principal of outstanding debt obligations secured by ad valorem taxation as a per capita amount (required for municipalities, counties, and school districts only) Total amount borrowed (par) secured by a pledge of property taxes divided by the population of the political subdivision (only school districts, municipalities and counties are required to provide a response to this question). Sum the total amount borrowed of all obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt obligations in this total. Divide this figure by the population total for the political subdivision. 140.008(b)(1)(F) & 140.008(b)(1)(B)
11 Combined principal and interest required to pay all outstanding debt obligations secured by ad valorem taxation on time and in full as a per capita amount (required for municipalities, counties, and school districts only) Total debt obligations secured by a pledge of property taxes plus the cost of debt service on these obligations divided by the population of the political subdivision (only school districts, municipalities and counties are required to provide a response to this question). Sum the total amount borrowed of all obligations secured in any way by ad valorem taxation that have yet to be repaid. Include combination tax and revenue debt obligations in this total. Add to this the cost of debt service for these debt obligations. Divide this total by the population of the political subdivision. 140.008(b)(1)(F) & 140.008(b)(1)(D)