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<br /> f2qEß <br /> City of San Marcos, Texas <br /> Exhibit 6 <br /> Notes to General Purpose Financial Statements (continued) <br /> September 30, 1992 <br /> 11. Restricted Assets <br /> The following table summarizes restricted assets by purpose at September 30, 1992: <br /> Restricted <br /> U.S. Treasury <br /> Securities <br /> (Enterprise Funds) <br /> <br /> Bond ordinance requirementS $ 3,230,061 <br /> CustOmer deposits 1,010,792 <br /> Unused bond proceeds 1,850.()(X) <br /> Total $ 6,090,853 . <br /> < <br /> 12. Commitments <br /> The City sponsors a partially self-insured, voluntary employee benefits plan which <br /> provides, among other benefits, health care benefits to participating employees. The plan <br /> is designed to provide a specified level of coverage, with excess insurance coverage <br /> provided by a commercial insurer. The City's maximum claim exposure is limited to <br /> $35,000 in claims per occurrence and per employee, per year, subject to a maximum <br /> reimbursement of $1,000,000. Total claims per year are limited based on the number of <br /> participating employees. The plan is fundeq by contributions from the City and <br /> participating employees based on recommendations by the plan administratOr. <br /> The City purchases elecnic power at wholesale rates from The Lower Colorado River <br /> Authority for its own use to resell to customers of itS elecnic distribution system. The <br /> initial term of the purchased-power agreement ends in 1999, with successive renewal <br /> periods of 10 years. <br /> 13. Expenditures Over Appropriations <br /> In the FEMA Fund, expenditures for the year exceeded appropriations. As this fund is <br /> designed to have a zero equity balance, operating transfers in were made to cover the <br /> overexpenditure. <br /> -38- <br />