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<br /> JJ'() E "æ- <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.8. Treasury <br /> Securities <br /> (Enterprise Funds) <br /> <br /> Bond ordinance requirements $ 3,230,061 <br /> Customer deposits 1,010,792 <br /> Unused bond proceeds 1,850,000 <br /> Total .. $ 6,090.853 <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 /> , <br /> participating employees. The plan is funded by conttibutions from the City and <br /> participating employees based on recommendations by the plan administrator. <br /> The City purchases electric power at wholesale rates from The Lower Colorado River <br /> Authority for its own use to resell to customers of its electtic 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 />