CAFR FY1976KODIAK ISLAND BOROUGH
Financial Statements
June 30, 1976
(With Accountants' Report Thereon)
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KODIAK ISLAND BOROUGH
Table of Contents
Accountants' report
Exhibit
Combined Balance Sheets, Various Funds
Borough - General Fund:
A
Balance Sheet B
Statement of Changes in Fund Balance C
Statement of Estimated and Actual Revenues D
Statement of Expenditures and Encumbrances - Budget and Actual E
Federal Revenue Sharing Fund:
Balance Sheet F
Statement of Budgeted and Actual Revenues, Expenditures and
Changes,in Fund Balance G
Land Sales Fund:
Balance Sheet H
Statement of Budgeted and Actual Revenues, Expenditures and
Changes in Fund Balance I
Fire and Road District Funds:
Balance Sheets J
Statements of Budgeted and Actual Revenues and Expenditures and
Changes in Fund Balance K
Debt Service Fund:
Balance Sheet L
Statement of Revenues, Expenditures and Changes in Fund Balances M
Capital Projects Funds:
Balance Sheet N
Statements of Revenues, Expenditures, Encumbrances and
Changes in Fund Balances 0
Kodiak Aleutian Mental Health Center:
Balance Sheet P
Statement of Changes in Fund Balance Q
Statement of Revenues and Expenditures R
School District - General Fund:
Balance Sheet S
Statement of Changes in Fund Balance T
Statement of Estimated and Actual Revenues U
Statement of Expenditures and Encumbrances - Budget and Actual V
(Continued)
N
KODIAK ISLAND BOROUGH
Table of Contents
Exhibit
School District - Special Revenue Funds:
Combined Balance Sheet W
Combined Statements of Budgeted and Actual Revenues, Expenditures,
Encumbrances and Changes in Fund Balances g
School District - Cafeteria Fund:
Balance Sheet Y
Statement of Budgeted and Actual Revenues, Expenditures and Encumbrances Z
Statement of Changes in Fund Balance AA
School District - Tobacco Tax Fund:
Balance Sheet BB
Statement of Revenue, Expenditure and Changes in Fund Balance BB
School District - Student Activity Funds:
Balance Sheets CC
Statement of Revenues, Expenditures, Encumbrances and Changes
in Fund Balances (Deficits) DD
General Long -Term Debt:
Statement of General Long -Term Debt EE
Combined Schedule of Bonds Payable FF
Notes to Financial Statements
PEAT, MARWICK, MITCHELL & CO.
CERTIFIED PUBLIC ACCOUNTANTS
ALASKA MUTUAL BANK BUILDING
601 WEST 5TH AVENUE, SUITE 700
ANCHORAGE, ALASKA 99501
Members of the Borough Assembly
Kodiak Island Borough:
We have examined the financial statements of the various funds and the general
long -term debt group of accounts of the Kodiak Island Borough for the year ended
June 30, 1976, listed in the foregoing table of contents. Our examination was made
in accordance with generally accepted auditing standards, and accordingly included
such tests of the accounting records and such other auditing procedures as we con-
sidered necessary in the circumstances.
The Borough has not maintained a record of its general fixed assets and accord-
ingly a statement of general fixed assets, required by generally accepted accounting
principles, is not included in the financial report.
In our opinion, the accompanying financial statements listed in the aforementioned
table of contents present fairly the financial position of such funds and the
general long -term debt group of accounts of the Kodiak Island Borough at June 30,
1976, and the results of operations of such funds for the year then ended, in
conformity with generally accepted accounting principles applied on a basis consistent
with that of the preceding year.
-
August 14, 1976
KODIAK
Combined Balance
Jun
Federal
Fire
Revenue
Land
and Roa
General
Sharing
Sales
Distric
Assets
Fund
Fund
Fund
Funds
Cash:
Restricted
$ 51,236
71,828
656,283
-
Unrestricted
361,400
-
-
-
Deposits held
17,500
-
-
-
Prepaid insurance
16,527
-
-
-
Property taxes receivable, net
50,698
-
-
-
Due from State of Alaska
68,707
-
-
-
Due from hospital
16,537
-
-
-
Due from other funds
66,827
2,133
-
7,257
Accrued interest receivable
6,370
746
2,090
-
Notes receivable from land sales
-
-
157,272
-
Federal Revenue Sharing entitlement receivable
-
9,500
-
-
Other receivables, net
-
-
-
-
Due from Federal government
-
-
-
-
Furniture and equipment, at cost
-
-
-
-
Inventories
-
-
-
-
Amount available for retirement of term bonds
-
-
-
-
Amount to be provided for retirement of bonds
-
-
-
-
$ 655,802
84,207
815,645
7,25,
Liabilities, Encumbrances and Fund Balances
Accounts payable
24,963
-
-
-
Contracts payable
31,450
-
-
-
Contract retainage payable
5,550
-
-
-
Payroll taxes accrued and withheld
4,241
-
-
-
Accrued annual leave
4,069
-
-
-
Deposits held
17,500
-
-
-
Due to City of Kodiak
4,865
-
-
-
Due to other funds
44,994
84,207
135,284
1,84'
Bonds payable
-
-
-
-
Due to State of Alaska
-
-
-
-
Accrued payroll
-
-
-
-
Advances received toward Federal programs
-
-
-
-
Public employees' retirement payable
-
-
-
-
Encumbrances outstanding
11,638
-
-
-
Fund balances:
Appropriated
166,236
-
53,690
2,56:
Unappropriated
340,296
-
626,671
2,84.
Total fund balances
506,532
-
680,361
5,41
$ 655,802
84,207
815,645
7,25'
Exhibit A
.AND BOROUGH
.eets, Various Funds
.0, 1976
School
School
School
Debt
Capital
Mental
District
District
District
Tobacco
Student
General
Service
Project
Health
General
Special
Cafeteria
Tax
Activities
Long -term
Fund
Fund
Center
Fund
Revenue Fund
Fund
Fund
Fund
Debt
150,000
63,077
55,483
240,120
-
26,645
145
21,570
-
-
-
-
332,542
49,693
922
30,252
171,695
9,433
55,595
-
5,225
6,094
1,636
-
-
_
_
-
-
3,760
22,576
31,277
288
-
-
1,576
-
63,653
-
-
-
18,300
-
-
_
_
_
_
-
-
-
38,889
-
41,165
-
2,553
_
-
-
-
-
-
-
-
-
150,000
-
-
-
-
-
-
_
-
4,305,000
186,346
236,408
88,552
689,722
144,623
74,245
145
24,123
4,455,000
-
8,090
462
38,960
1,524
642
-
4,357
-
-
-
7,584
130,132
14,405
3,223
-
-
-
17,414
-
_
36,346
30,252
-
-
8,980
6,507
-
_
-
-
-
-
-
-
-
4,455,000
-
-
3,627
-
_
_
-
-
-
292,729
9,549
-
-
-
-
-
49,477
-
-
-
-
47,471
-
-
_
_
_
-
30,063
-
92,835
60,688
8,306
-
2,079
-
150,000
168,003
18,300
-
-
5,010
-
17,687
-
-
58,579
70,181
-
50,557
145
-
-
150,000
168,003
76,879
70,181
-
55,567
145
17,687
-
186,346
236,408
88,552
689,722
144,623
74,245
145
24,123
4,455,000
KODIAK ISLAND BOROUGH
General Fund
Balance Sheet
June 30, 1976
Assets
Cash:
Unrestricted, including $15,456 of
time certificates of deposit $ 361,400
Restricted, including $36,000 of
time certificates of deposit 51,236
Total cash 412,636
Deposits held, time certificates of deposit 17,500
Property taxes receivable:
Real $ 47,280
Personal 28,418
75,698
Less allowance for uncollectable taxes 25,000
Net property taxes receivable 50,698
Due from State of Alaska 68,707
Due from hospital 16,537
Due from other funds:
Land Sales Fund 58,634
Debt Service Fund 6,346
Bells Flats Road District Fund 1,847
Total due from other funds 66,827
Accrued interest receivable 6,370
Prepaid insurance 16,527
$ 655,802
See accompanying notes to financial statements.
Exhibit B
Liabilities. Encumbrances and Fund Balance
Accounts payable $ 24,963
Contracts payable 31,450
Contract retainage payable 5,550
Payroll taxes accrued and withheld 4,241
Accured annual leave 4,069
Deposits held 17,500
Due to City of Kodiak 4,865
Due to other funds:
Fire District Fund Number 1 $ 6,243
Capital Projects Fund 15,338
Federal Revenue Sharing Fund 2,133
School District General Fund 10,833
Kodiak - Aleutian Mental Health Center Fund 9,433
Karluk Fire District Fund 1,014
Total due to other funds 44,994
Total liabilities 137,632
Encumbrances outstanding 11,638
Fund balance:
Appropriated:
1976 -77 operating expenditures 80,000
Hospital operation 51,236
Working capital 35,000
166,236
Unappropriated 340
Total fund balance 506,532
Contingent liabilities
$ 655,802
Exhibit C
KODIAK ISLAND BOROUGH
General Fund
Statement of Changes in Fund Balance
Year ended June 30, 1976
Appropriated
1976 -77
Unap- Hospital Working operating
Total propriated operations capital expenditures
Fund balance,
July 1, 1975 $ 443,878 298,878 60,000 35,000 50,000
Add revenues 1,113,104 1,113,104 - - -
1,556,982 1,411,982 60,000 35,000 50,000
Deduct expenditures 1,050,450 1,050,450 - - -
506,532 361,532 60,000 35,000 50,000
Transfer to appropriated
fund balance - (21,236 (8,764 - 30,000
Fund balance,
June 30, 1976 $ 506,532 340,296 51,236 35 80,000
See accompanying notes to financial statements.
Exhibit D
KODIAK ISLAND BOROUGH
General Fund
Statement of Estimated and Actual Revenues
Year ended June 30, 1976
See accompanying notes to financial statements.
Actual
over (under)
Estimated
Actual
estimated
Real and personal property taxes
$ 657,360
718,352
60,992
Penalty and interest on taxes
5,000
12,518
7,518
Payment in lieu of taxes
-
2,563
2,563_
662,360
733,433
71,073
Licenses and permits:
Building and trailer permits
4,000
4,953
953
Subdivision fees
500
567
67
4,500
5,520
1,020
Revenues from use of money and property:
15,000
10,886
(4,114)
Interest
Rent from leased land
10,000
17,331
7,331
Forestry
5,000
3,078
(1,922)
Office building expense reimbursement
46,500
29,781
(16,719)
Miscellaneous reimbursement of costs
2,000
2,076
76
78,500
63,152
(15,348
Revenues from State of Alaska:
Outer continental shelf grant
-
6,426
6,426
Local service roads
150,000
45,915
(104,085)
Raw fish tax
50,000
66,709
16,709
Business license refund
25,000
29,574
4,574
Electric co- operative tax
5,000
10,094
5,094
Amusement and gaming device refund
-
62
62
Shared revenues:
Hospital
47,500
53,751
6,251
Land use planning
12,591
14,248
1,657
Health facilities
23,750
26,875
3,125
Day care assistance.
25,200
1_ 9,615
(5,585
339,041
273,269
(65,772
HUD planning grant
15,000
8,928
(6,072
Contribution of interest from other funds:
Capital Projects Fund
5,000
3,44.8.._
(1,552)
Debt Service Fund
8,400
11,354
3,354
Land Sales Fund
14,000
14,000
-
27,000
28,802
1,802
$ 1,126,401
1,113,104
(13,297
See accompanying notes to financial statements.
Exhibit E
KODIAK ISLAND BOROUGH
General Fund
Statement of Expenditures and Encumbrances -
Budget and Actual
Year ended June 30, 1976
Actual
Borough assembly:
Assembly travel
Assembly compensation
Expend- Encum-
Budget itures brances
$ 6,200 3,033 -
3,800 4,452 -
10,000 7,485
Over
(under)
Total budget
3,033 (3,167)
4,452 652
7,485 (2,515
Legal department:
Borough attorney
10,000
14,700 -
14,700
4,700
Court costs
500
4 -
4
(496)
Litigation allowance
1,000
225 -
225
775)
11,500
14,929 -
14,929
3,429
Capital expenditures:
Furniture and fixtures
19,000
16,722 2,066
18,788
(212)
Office machines
5,000
3,422 747
4,169
(831
24,000
20,144 2,813
22,957
(1,043
General government operations:
Employee expense:
Salaries:
Chairman
600
700 -
700
100
Clerk- treasurer
21,384
22,543 -
22,543
1,159
Secretary
11,800
12,021 -
12,021
221
Cashier - bookkeeper
12,498
12,505 -
12,505
7
Clerk typist
11,634
12,194 -
12,194
560
Extra help
2,000
519 -
519
(1,481)
Chairman's expense
2,000
760 -
760
(1,240)
Employment security taxes
800
1,132 -
1,132
332
Social security taxes
2,925
2,803 -
2,803
(122)
Insurance and bonding
2,000
298 -
298
(1,702)
Group insurance
550
546 -
546
(4)
Professional development
training
800
195 -
195
(605)
Dues and publications
3,600
5,095 -
5,095
1,495
Publication of hearings
2,500
1,601 -
1,601
(899)
Postage
2,500
2,813 -
2,813
313
Office supplies
3,000
950 -
950
(2,050)
Telephone and telegraph
2,000
3,008 -
3,008
1,008
Repairs and maintenance
of machines
4,900
7,455 -
7,455
2,555
Transportation and travel
1,000
1,634 -
1,634
634
Vehicle operation and maintenance
1,200
1,250 -
1,250
50
Post audit
18,500
18,652 -
18,652
152
Elections
5,000
9,031 -
9,031
4,031
Contractual services
5,000
454 -
454
(4,546
Carried forward
I
118,191
118,159 -
118,159
(32)
K
KODIAK ISLAND BOROUGH
Exhibit E, Cont.
General Fund
Statement of Expenditures and Encumbrances -
Budget and Actual, Continued
Brought forward
Board and commission expenses
Actual Over
Expend- ncum- (under)
Budget itures brances Total budget
$ 118,191 118,159 - 118,159 (32)
1,000
375 -
375
(625
119,191
118,534 -
118,534
(657
17,948
18,442 -
18,442
494
11,634
12,153 -
12,153
519
8,783
8,782 -
8,782
(1)
940
492 -
492
(448)
1,000
40 -
40
(960)
4,000
284 -
284
(3,716)
700
159 -
159
(541)
2,400
1,092 -
1,092
(1,308)
400
719 -
719
319
1,400
970 -
970
(420)
200
62 -
62
(138)
3,000
2,090 -
2,090
(910)
900
900 -
900
-
200
44 -
44
(156)
608
701 -
701
93
1,950
1,891 -
1,891
(59)
934
547 -
547
(387
56,997
49,368 -
49,368
(7,629
18,846
11,900 -
11,900
(6,946)
13,722
14,003 -
14,003
281
2,000
5,734 -
5,734
3,734
2,700
3,093
3,093
393
3,000
406 -
406
(2,594)
2,000
2,304 -
2,304
304
900
1,154 -
1,154
254
3,700
1,740 -
1,740
(1,960)
4,000
4,000 -
4,000
-
150,000
52,034 -
52,034
(97,966
200,868
96,368 -
96,368
( 104,500 )
Assessment department:
Salaries:
Director
Administrative assistant
Clerk typist
Professional development and
training
Professional services
Contractual services
Advertising
Printed matter and forms
Subscriptions and books
Office supplies
Repairs and maintenance
Transportation and travel
Rentals - vehicles and aircraft
Telephone and telegraph
Employment security taxes
Social security taxes
Insurance and bonding
Planning and zoning commission:
Salaries:
Planner
Building inspector
Building inspector
travel expense
Engineering services
Contractual services
Advertising
Maps
Operating expenses
Snow removal
Local service roads
and trails
Carried forward
3 Exhibit E, Cont.
KODIAK ISLAND BOROUGH
General Fund
Statement of Expenditures and Encumbrances -
Budget and Actual, Continued
Actual
Over
Expend-
Encum-
(under)
Budget
itures
brances
Total
budget
Brought forward $
200,868
96,368
-
96,368
(104,500)
Employment security taxes
190
155
-
155
(35)
Social security taxes
825
490
-
490
(335)
Insurance and bonding
220
100
-
100
(120
202,103
97,113
-
97,113
( 104,990 )
Health and sanitation:
Reserve for Hospital
operations
1,945
-
-
-
(1,945)
Drug abuse
2,000
2,000
-
2,000
-
Health expenses
-
55
-
55
55
Comprehensive health board
3,000
2,487
-
2,487
(513)
Senior citizens
6,000
5,671
-
5,671
(329)
Support of Detoxification
Center
10,000
11,125
-
11,125
1,125
Support of Halfway House
12,000
15,400
-
15,400
3,400
Support of Health Clinic
1,000
918
-
918
(82)
Support of Mental
Health Center
12,000
12,063
-
12,063
63
Hospital insurance
33,055
20,892
-
20,892
(12,163)
Day care assistance
25,200
19,615
-
19,615
(5,585)
Hospital bonds fiscal
agent fees
200
148
-
148
(52)
Sanitation
1,000
-
-
-
(1,000
107,400
90,374
-
90,374
(17,026
Office building expenses:
Maintenance
4,000
8,615
-
8,615
4,615
Janitorial
24,000
12,980
-
12,980
(11,020)
Utilities
16,000
15,431
-
15,431
(569)
Major repairs
10,000
225
8,825
9,050
(950)
Insurance
2,500
2,500
-
2,500
-
56,500
39,751
8,825
48,576
(7,924
Debt Service Fund
Contributions:
Principal
15,000
15,000
-
15,000
-
Interest
14,675
14,625
-
14,625
(50
29,675
29,625
-
29,625
(50
Capital Projects Fund
Contribution
-
11,850
-
11,850
11,850
Support of Kodiak Island schools:
General Fund
436,985
436,985
-
436,985
-
Debt Service Fund
113,015
113,015
-
113,015
-
550,000
561,850
-
561,850
11,850
(Continued)
4
KODIAK ISLAND BOROUGH
General Fund
Statement of Expenditures and Encumbrances -
Budget and Actual, Continued
Actual
Outer continental shelf
expenses:
Printing and mailing
Transportation
Office space
Program coordinator
Clerical services
Staff support and
meeting facilities
Contracted services
Contingencies
Total expenditures
Expend- Encum-
Budget itures brances
Exhibit E, Cont.
_ Over
(under)
Total budget
$ - 621 -
621
621
- 250 -
250
250
- 578 -
578
578
- 1,025 -
1,025
1,025
- 700 -
700
700
- 2,367 -
2,367
2,367
- 4,098 -
4
4,098
- 9,639 -_
9,639
9,639
9,035 - - - (9,035
$ 1.176,401 1 11 1,050,450 ( 125,951 )
See accompanying notes to financial statements.
Exhibit F
KODIAK ISLAND BOROUGH
Federal Revenue Sharing Fund
Balance Sheet
June 30, 1976
Assets
Time certificates of deposit $ 71,828
Federal Revenue Sharing entitlement receivable 9,500
Due from Borough General Fund 2,133
Accrued interest receivable 746
$ 84,207
T 4a},4 1 itiaa
Due to Capital Projects Fund $ 84,207
See accompanying notes to financial statements.
Exhibit G
KODIAK ISLAND BOROUGH
Federal Revenue Sharing Fund
Statement of Budgeted and Actual Revenues,
Expenditures and Changes in Fund Balance
Year ended June 30, 1976
Revenues:
Federal Revenue Sharing entitlement
Interest income
Total revenues
Expenditures - Capital outlay, health
Excess of expenditures over revenues
Fund balance, July 1, 1975
Fund balance, June 30, 1976
Actual
over
(under)
Budget Actual budget
$ 38,000
38,000
54,743
16,743
13,864
$ (2
38,000 -
2,879 2,879
40,879 2,879
54,743 -
13,864 2,879
13,864 -
- 2,879
See accompanying notes to financial statements.
Exhibit H
KODIAK ISLAND BOROUGH
Land Sales Fund
Balance Sheet
June 30, 1976
Assets
Cash, including $550,000 of time certificates of deposits
Notes receivable from land sales
Accrued interest receivable
Liabilities and Fund Balance
Due to other funds:
School District General Fund $ 4,500
Borough General Fund 58,634
Capital Projects Fund 72,150
Fund balance:
Appropriated for survey and appraisal 53,690
Unappropriated 626,671
Total fund balance
$ 656,283
157,272
2,090
$ 815,645
135,284
680,361
$ 815,645
See accompanying notes to financial statements.
Exhibit I
KODIAK ISLAND BOROUGH
Land Sales Fund
Statement of Budgeted and Actual Revenues,
Expenditures and Changes in Fund Balance
Year ended June 30, 1976
Revenues:
Land sales
Interest income
Total revenues
Budget Actual
$ 90,500 17
15,000 41,728
105,500 59,226
10,000 4,977
14,000 14,000
72,150 72,150
96.150 91.127
(73,002)
26,728
( 46,274 )
Expenditures:
Land sales expenses
Contribution to Borough General Fund
Contribution to Capital Projects Fund
Total expenditures
Excess of expenditures over revenues
Fund balance, July 1, 1975
Fund balance, June 30, 1976
(9,350) 31,901
712,262 712,262
Actual
over
(under)
budget
(5,023)
(5,023
(41,251)
$ 721 680,361 ( 41,251 )
See accompanying notes to financial statements.
Exhibit J
KODIAK ISLAND BOROUGH
Fire and Road District Funds
Balance Sheets
June 30, 1976
See accompanying notes to financial statements.
Total
Fire
Karluk
Bells Flats
all
District
Fire
Road
Assets
funds
Number 1
District
District
Due from Borough General Fund
$ 7,257
6,243
1,014
-
Liabilities and Fund Balances (Deficit)
Due to Borough General Fund
1,847
-
-
1,847
Fund balances:
Appropriated for 1976 -77
operating expenditures
2,565
2,000
565
-
Unappropriated (deficit)
2,845
4,243
449
( 1 0 847 )
Total fund balances (deficit)
5,410
6,243
1,014
( 1,847 )
Total liabilities and fund balances
$ 7,257
6,243
1
-
See accompanying notes to financial statements.
Exhibit K
KODIAK ISLAND BOROUGH
Fire and Road District Funds
Statements of Budgeted and Actual Revenues,
Expenditures and Changes in Fund Balance
Year ended June 30, 1976
Actual
over (under)
Budget Actual budgeted
Fire District Number 1:
Revenues:
Real and personal property taxes
$ 31,947
33,593
1,646
State revenue sharing
6,160
10,457
4,297
38,107
44,050
5,943
Expenditures:
Contracted fire services
37,450
37,450
-
Depreciation
6,052
6,052
-
Other
150
-
(150
43,652
43,502
(150
Excess of revenues over expenditures
(5,545)
548
6,093
Fund balance, July 1, 1975
5,695
5,695
-
Fund balance, June 30, 1976
$ 150
6,243
6
Karluk Fire District:
Revenues:
State revenue sharing
447
758
311
Other
50
-
(50
497
758
261
Expenditures - equipment maintenance
and replacement
625
23
(602
Excess of revenues over expenditures
(128)
735
863
Fund balance, July 1, 1975
279
279
-
Fund balance, June 30, 1976
151
1,014
863
Bells Flats Road District:
Expenditures - contracted services
-
1,847
1,847
Fund balance, July 1, 1975
-
-
-
Fund balance (deficit), June 30, 1976
$ -
(1,847
( 1 1 847 )
See accompanying notes to financial statements.
Exhibit L
KODIAK ISLAND BOROUGH
Debt Service Fund
Balance Sheet
June 30, 1976
Assets
Savings certificate
Due from Capital Projects Fund
Accrued interest receivable
$ 150,000
30,252
6,094
$ 186,346
Liabilities and Fund Balance
Due to other funds:
School District General Fund
Borough General Fund
Fund balance
$ 30,000
6,346 36,346
150,000
$ 186,346
See accompanying notes to financial statements.
Exhibit M
KODIAK ISLAND BOROUGH
Debt Service Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances
Year ended June 30, 1976
Fund balances, July 1, 1975
Revenues:
Borough General Fund contributions
School District General Fund contributions
State of Alaska debt reimbursement
School District Tobacco Tax Fund contributions
Interest income
Expenditures:
Principal
Interest
Fiscal agent's fees
Contribution.to Borough General Fund
Fund balance, June 30, 1976
Total Schools Hospital
$ 165,252 30,252 135,000
142,640
189
215,693
59,628
11,354
429,504
113,015 29,625
189 -
215,693 -
59,628 -
- 11,354
388,525 40,979
150,000 150,000 -
282,950 268,325 14,625
452 452 -
11,354 - 11,354
444,756 418,777 25,979
$ 150 - 150
See accompanying notes to financial statements.
Exhibit N
KODIAK ISLAND BOROUGH
Capital Project Funds
Balance Sheet
June 30, 1976
Assets
Cash $ 63,077
Due from other funds:
Borough General Fund $ 15,338
Federal Revenue Sharing Fund 84,207
Land Sales Fund 72 171,695
Accrued interest receivable 1,636
$ 236,408
Liabilities, Encumbrances and Fund Balances
Accounts payable 80090
Due to Debt Service Fund 30,252
Total liabilities 38,342
Encumbrances outstanding 30,063
Fund balances 168,003
$ 236,408
See accompanying notes to financial statements.
Exhibit 0
KODIAK ISLAND BOROUGH
Capital Projects Fund
Statement of Revenues, Expenditures, Encumbrances and
Changes in Fund Balances
Year ended June 30, 1976
Fund balance, July 1, 1975
Add revenues:
HUD discretionary funds
Interest income
Contributions from
other funds:
Borough General Fund
Land Sales Fund
Federal revenue sharing
Other
Deduct expenditures and
encumbrances:
Transfer of interest income
to Borough General Fund
High School - major repairs
Ouzinkie School -
construction costs
Hospital:
Fire doors
Extended care unit
Borough landscaping
Encumbrances
Total deductions
Fund balances, June 30, 1976
Kodiak
High
Total School
$ 144,257 144,257
21,000 -
3,448 3,448
Landscaping
Hospital and Borough
Ouzinkie improve- building
School ments remodeling
21,000 - -
11,850 11,850 - - -
72,150 16,917 - 37 17,348
54,743 - - 54,743 -
4,000 - 4,000 - -
311,448 176,472 25,000 92,628 17,348
3 3,448 - - -
10,583 10,583 - - -
19,438 - 19,438 - -
105 - - 105 -
62,460 - - 62,460 -
17,348 - - - 17,348
30,063 - - 30,063 -
143,445 14,031 19,438 92 17,348
$ 168,003 162 5,562 - -
See accompanying notes to financial statements.
Exhibit P
KODIAK ISLAND BOROUGH
Kodiak Aleutian Mental Health Center
Balance Sheet
June 30, 1976
Assets
Cash including $40,000 of time certificates of deposit
Receivables:
Patients $ 6,010
Less allowance for doubtful receivables (2
Net patients receivables
Due from Borough General Fund
Federal Government
Furniture and equipment, at cost
Liabilities and Fund Balance
Accounts payable
Payroll taxes accrued and withheld
Due to State of Alaska
Total liabilities
Fund balance:
Invested in fixed assets 18,300
Unappropriated 58,579
Total fund balance
$ 55,483
3,760
9,433
1,576
18,300
$ 88,552
462
7,584
3,627
11,673
76,879
$ 88,552
See accompanying notes to financial statements.
Exhibit Q
KODIAK ISLAND BOROUGH
Kodiak Aleutian Mental Health Center
Statement of Changes in Fund Balance
Year ended June 30, 1976
Investment
in fixed
Total Unappropriated assets
Fund balance, July 1, 1975 $ 51,631 35,192 16
Add excess of revenues over expenditures 23,387 23,387 -
Add fixed asset purchases 1,861 - 1,861
Fund balance, June 30, 1976 $ 76,879 58 18
See accompanying notes to financial statements.
Exhibit R
KODIAK ISLAND BOROUGH
Kodiak Aleutian Mental Health Center
Statement of Revenues and Expenditures
Year ended June 30, 1976
Revenues:
Revenues from local sources:
Kodiak Island Borough $ 12,000
Fees for services 33,274
Other 9,944
Total revenues from local sources 55,218
Revenues from state contract for
community mental health services 95,488
Revenues from Federal grant 30,778
Total revenues 181,484
Expenditures:
Employee expenses:
Salaries $ 95
Payroll taxes 7,781
Group insurance 1,081
Staff training and travel 4,625
Relocation and interview expense 3
Total employee expenses $ 112,507
Equipment rental
2,316
Advertising
60
Insurance and bonding
523
Office rent
8
Office supplies
3,469
Postage
721
Publications and dues
729
Telephone and telegraph
3,229
Center program
5,885
Provision for doubtful receivables
3,823
Repairs and maintenance
502
Contracted services:
Accountant
6
Psychiatrist
6,655
Furniture and equipment
1,861
Patient travel
918
Other
99
Total expenditures
158,097
Excess of revenues over expenditures $ 23,387
See accompanying notes to financial statements.
Exhibit S
KODIAK ISLAND BOROUGH
School District
General Fund
Balance Sheet
June 30, 1976
Assets
Cash
Accounts receivable:
State of Alaska
Local
Total accounts receivable
Due from Kodiak Island Borough:
General Fund
Land Sales Fund
Total due from Kodiak Island Borough
Due from other School District funds:
Debt Service Fund
Cafeteria Fund
Special Revenue Funds
Total due from other funds
Inventories:
Central stores
Custodial supplies
Total inventories
Liabilities. Encumbrances and Fun Balance
Accounts payable
Payroll taxes accrued and withheld
Accrued annual leave
Accrued teachers' payroll
Public employees retirement payable
Total liabilities
Encumbrances outstanding:
Prior year
Current year
Total encumbrances outstanding
Fund balance
See accompanying notes to financial statements.
$ 240,120
$ 332,542
22,57
355,118
10,833
4,500
15,333
30,000
6
3,755
24,004
14,885
50
92,785
40,262
38,889
$ 689,722
38,960
130,132
17
292,729
47.471
526,706
92,835
70,181
$ 689,722
Exhibit T
KODIAK ISLAND BOROUGH
School District
General Fund
Statement of Changes in Fund Balance
Year ended June 30, 1976
See accompanying notes to financial statements.
Appropriated
Unappro-
Future
Classified
Total
priated
operations
retirement
Fund balance, July 1, 1975
$ 134,857
17,114
84
33,127
Transfer for current operations
-
117,743
( 84 ) 016 )
( 33,727 )
134,857
134,857
-
-
Deduct excess of expenditures and
encumbrances over revenues:
Expenditures and encumbrances
5,064
5,064,630
-
-
Revenues
4,999,954
4,999,954
-
-
64,676
64,676
-
-
Fund balance, June 30, 1976
$ 70,181
70,181
-
-
See accompanying notes to financial statements.
Exhibit U
KODIAK ISLAND BOROUGH
School District
General Fund
Statement of Estimated and Actual Revenues
Year ended June 30, 1976
See accompanying notes to financial statements.
Actual
over (under)
Estimated
Actual
estimated
Local sources:
Kodiak Island Borough:
Annual appropriation
$ 436,985
436,985
-
Custodial and office maintenance
contract 24,000
20,412
(3,588)
Rentals:
Village teacherages
10,575
9,310
(1,265)
Dorm apartments
47,600
52,370
4,770
Head start
1,125
1,125
-
K -Hi -C (Boat Rental)
14,500
13,650
(850)
Admissions to events and school
activities reimbursements
14,611
13,324
(1,287)
Tuition Community College
3,000
3,918
918
Reserve village teacherages
10,000
-
(10,000)
Other
4„500
4,696
196
Total local sources
566,986
555,790
( 11,106 )
State sources:
Foundation program:
Regular
3,200,578
3,200,306
(272)
Vocational education
168,451
168,437
(14)
Special education
529,419
529,374
(45)
Correspondence
48,129
48,125
(4)
Impact funds (Mini 874)
34,000
29,355
(4
Pupil transportation
92,101
97,590
5,489
Tuition
196,550
208,062
11,512
Boarding home assistance
60,000
30,377
( 29,623 )
Total state sources
4,329,228
4,311,626
( 17,602 )
Federal sources:
Public Law 874
90,000
99,510
9,570
Services performed by Kodiak Island
Borough (in -kind)
-
7,513
7,513
Retroactive insurance rate
adjustment for life insurance
25,455
25,455
-
$ 5
4,999,954
( 11 1 625)
See accompanying notes to financial statements.
KODIAK ISLAND BOROUGH
School District
General Fund
Statement of Expenditures and Encumbrances - Budget ai
Year ended June 30, 1976
Vocational education:
Certified salaries
Budget
Expenditure
Regular instruction:
Certified salaries
$ 1
1,922,331
Employee benefits:
-
213
Employee insurance
-
38
FICA contributions
-
2
Retirement contributions - teachers
-
122
Travel
3,399
4,021
Teaching supplies
62,726
51,129
Instructional media:
11,549
2
Textbooks
24,887
16,488
Library books
8,787
5 ? 616
Periodicals
1,469
1
Other instructional media
-
909
Equipment
3,232
(712
Repairs and maintenance
300
195
Small tools and equipment
3,900
2
Gas and oil
500
253
Total regular instruction
2,005,440
2,166,741
Vocational education:
Certified salaries
193,914
198,186
Employee benefits:
Employee insurance
-
4,870
FICA contributions
-
213
Retirement contributions - teachers
-
13,268
Teaching supplies
8,050
7,248
Instructional media:
Textbooks
1,212
1
Periodicals
100
13
Equipment
11,549
2
Repairs and maintenance
6,000
4
Maintenance supplies
4,300
2
Small tools and equipment
4,195
2
Watchman
630
630
Boat insurance
4,291
4,291
Slip rental
160
-
Electricity
61
86
Gas and oil
1,000
1,075
Total vocational education
235,462
2429793
Exhibit V
1
Actual
Actual over (under)
;ncumbrances Total budget
1,922,336 26,096
-
38
38,613
-
2
2,156.
-
122
122,312
265
4,286
887
7,940
59,069
(3,657)
15,314
31,802
6,915
296
5,912
(2
106
1,360
(109)
-
909
909
377
(335)
(3,567)
-
195
(105)
-
2
(1,729)
-
253
(247
24,298
2,191,039
185,599
-
198,186
4
-
4,870
4,870
-
213
213
-
13,268
13,268
99
7,347
(703)
-
i
(113)
12
25
(75)
832
3,509
(8,040)
4
8,521
2,521
115
2
(2,048)
559
3,062
(1,133)
-
630
-
-
4,291
-
-
-
(160)
-
86
25
-
1,075
75
5,641
248,434
12,972
lContinued)
2
KODIAK ISLAND BOROUGH
School District
General Fund
Statement of Expenditures and Encumbrances - Budget and Actual, Continued
Exhibit V, Cont.
Actual I
over (under)
budget
890
2,102
(524)
(1,434)
(310)
(204)
2.548
3,068
5,181
631
6,356
5,487
26,594
(212)
(201)
(655)
(793)
(366)
(36)
(12)
132
(1)
(545)
(500)
182
41,242
(Continued)
Actual
Budget
Expenditures
Encumbrances
Total
Correspondence:
Management and professional services
$ 6,795
6,795
-
6,795
Regular teachers
24,019
24,019
-
24,019
Employee benefits:
Employee insurance
-
890
-
890
Retirement contributions - teachers
-
2,102
-
2,102
Professional and technical services
1,000
476
-
476
Travel
1,800
366
-
366
Teaching supplies
500
38
152
190
Small tools and equipment
220
16
-
16
Instructional media
8,690
10,564
674
11,238
Total correspondence
43,024
45,266
826
46,092
Special instruction:
Certified salaries
373,517
378,698
-
378,698
Classified salaries
89,680
90,311
-
90,311
Employee benefits:
Employee insurance
-
6,356
-
6,356
FICA contributions
-
5,487
-
5,487
Retirement contributions - teachers
-
26,594
-
26,594
Professional and technical services
5,000
4,788
-
4,788
Travel
2,800
2,569
30
2,599
Teaching supplies
7,194
5,630
909
6,539
Instructional media:
Textbooks
2,518
1,523
202
1,725
Library books
1,110
530
214
744
Periodicals
133
57
40
97
Other instructional media
275
194
69
263
Equipment
1,200
1,290
42
1,332
Management /professional salaries
14,723
14,722
-
14,722
Office supplies
1,722
1,177
-
1,177
Small tools and equipment
500
-
-
-
Other communications
-
182
-
182
Total special instruction
500,372
540,108
1,506
541,614
Actual I
over (under)
budget
890
2,102
(524)
(1,434)
(310)
(204)
2.548
3,068
5,181
631
6,356
5,487
26,594
(212)
(201)
(655)
(793)
(366)
(36)
(12)
132
(1)
(545)
(500)
182
41,242
(Continued)
3
KODIAK ISLAND BOROUGH
School District
General Fund
Statement of Expenditures and Encumbrances - Budget and Actual, Continued
Exhibit V, Cont.
(Continued)
Actual
Actual
over (under)
Budget
Expenditures
Encumbrances
Total
budget
Supporting services - pupils:
Certified salaries
$ 87,902
88,608
-
88,608
706
Classified salaries
16,565
14,942
-
14,942
(1,623)
Employee benefits:
Employee insurance
-
2,855
-
2,855
2,855
FICA contributions
-
1,351
-
1,351
1,351
Retirement contributions - teachers
-
6,847
-
6,847
6,847
Travel
2,000
-
-
-
(2,000)
Instructional media - periodicals
300
131
88
219
(81)
Postage
160
160
-
160
-
Other supplies
1,500
1,508
-
1,508
8
Health services
21,199
22,313
-
22,313
1,114
Boarding Home Program
60,000
53,790
157
53,947
(6,053
Total supporting services - pupils
189,626
192,505
245
192,750
3,124
Supporting services - instruction:
Managerial and professional salaries
20,385
20,385
-
20,385
-
Certified salaries
22,927
22,927
-
22,927
-
Classified salaries
47,707
7,151
-
7,151
(40,556)
Employee benefits:
FICA contributions
-
1,076
-
1,076
1,076
Retirement contributions - teachers
-
4,714
-
4,714
4,714
Travel
920
260
-
260
(660)
Teaching supplies
6,900
2,276
3,986
6,262
(638)
Office supplies
-
12
-
12
12
Instructional media
20,648
15,888
3,426
19,314
(1,334)
Equipment
2,000
1,974
-
1,974
(26)
Other supplies
-
(10)
-
(10)
(10)
Tuition reimbursement
6,000
879
2,904
3,783
(2,217)
Instructional Material Center
47,376
44,961
1,880
46,841
(535)
Career education program
13,590
13,590
-
13,590
-
Total supporting services - instruction
188,453
136,083
12,196
148,279
(40,174
(Continued)
4
KODIAK ISLAND BOROUGH
School District
General Fund
Statement of Expenditures and Encumbrances - Budget and Actual, Continued
Exhibit V, Cont. 1
(Continued)
Actual
Actual
over (under)
Budget
Expenditures
Encumbrances
Total
budget
feral support services:
Managerial and professional salaries
$ 246,892
248,157
-
248,157
1,265
Classified salaries
151,288
146,975
-
146,975
(4,313)
Employee benefits:
Employee insurance
77,160
22,811
-
22,811
(54,349)
FICA contributions
40,082
31,532
-
31,532
(8,550)
Retirement contributions - teachers
199,876
15,890
-
15,890
(183,986)
Workmen's compensation
44,728
20,959
14,000
34,959
(9,769)
Retirement contribution - public employee
50,137
50,137
-
50,137
-
Professional and technical services
2,800
780
-
780
(2,020)
Postage
7,240
6,900
-
6,900
(340)
Travel
6,442
6,313
75
6,388
(54)
Office supplies
7,351
5,763
526
6,289
(1,062)
Equipment
6,012
5,710
-
5,710
(302)
Other
875
875
-
875
-
Regular head teachers
7,568
7,400
-
7,400
(168)
Other supplies
100
483
-
483
383
Professional literature
700
999
-
999
299
Insurance (fidelity bond)
603
603
-
603
-
Repairs and maintenance
3,000
3,085
-
3,085
85
Printing and publishing
3,800
3,364
18
3,382
(418)
Miscellaneous expense
-
(1,727)
-
(1,727)
(1,727)
Rentals
11,899
9
-
9
(2,404)
Pool supplies
-
103
382
485
485
Warehouse inventory
-
(14,204)
11,067
(3
(3
Small tools and equipment
300
160
-
160
(140)
Board of Education
27,310
25
103
25,291
(2,019
Total general support services
896,163
597,751
26,171
623,922
( 272,241 )
(Continued)
5
KODIAK ISLAND BOROUGH
School District
General Fund
Statement of Expenditures and Encumbrances - Budget and Actual, Continued
Actual
Budget Expenditures Encumbrances Total
Exhibit V. Cont. 1
Budget
over (under)
budget
Operation and maintenance of plant:
Managerial and professional salaries
$ 42,264
42,652
-
42,652
388
Classified salaries
308,166
322,138
-
322,138
13,972
Insurance (property and liability)
30,130
26,544
-
26,544
(3,586)
Rentals
4,500
4,226
-
4,226
(274)
Utilities:
Fuel for heating
141,400
147,201
-
147,201
5,801
Other utilities
140,802
137,858
-
137,858
(2,944)
Contracted repairs and maintenance
8,050
6,514
4,180
10,694
2,644
Maintenance supplies
53,445
49,455
3,665
53,120
(325)
Janitorial supplies
17,658
3,759
4,036
7,795
(9,863)
Gas and oil
5,000
3,064
170
3,234
(1,766)
Equipment
25,475
27,699
2,571
30,270
4,795
Telephone
23,900
25,478
-
25,478
1,578
Travel
9,275
8,039
245
8,284
(991)
Office supplies
100
68
-
68
(32)
Small tools and equipment
675
8
667
675
-
Freight to villages
3,000
2,568
-
2,568
(432
Total operations and maintenance of plant
813,840
807,271
15,534
822,805
8,965
Pupil transportation
98,175
109,315
-
109,315
11,140
Nonprogrammed charges:
High school students activities
37,990
35,354
1,258
36,612
(1,378)
Junior high students activities
9,611
10,709
60
10,769
1,158
Adult and continuing education
24,500
24,500
-
24,500
-
Contribution to Debt Service Funds
-
189
-
189
189
Special Revenue Funds
-
2,884
-
2,884
2,884
Total nonprogrammed charges
72,101
73,636
1,318
74,954
2,853
Community services
15,000
15,000
-
15,000
-
Dorm apartments
47,600
34,414
5,050
39,464
(8,136)
Clearing accounts (Junior high resale)
-
3,449
-
3,449
3,449
Services performed by Kodiak Island Borough (in -kind)
-
7,513
-
7,513
7,513
Totals
$ 5,105,256
4,971,845
92,785
5,064,630
40 626
See accompanying notes to financial statements.
Exhibit W
KODIAK ISLAND BOROUGH
School District
Special Revenue Funds
Combined Balance Sheet
June 30, 1976
Assets
Accounts receivable:
State of Alaska
Federal government
Other
$ 49,693
63,653
31,277
$ 144,623
Liabilities and Encumbrances
Accounts payable
Accrued payroll
Payroll withholdings
Due to other School District funds:
School District General Fund
Cafeteria Fund
Advances received toward Federal programs
Total liabilities
Encumbrances outstanding
1,524
9,549
14,405
$ 3,755
5,225 8,980
49,477
83,935
60,688
$ 144,623
See accompanying notes to financial statements.
Exhibit X I
KODIAK ISLAND BOROUGH
School District
Special Revenue Funds
Combined Statements of Budgeted and Actual Revenues,
Expenditures, Encumbrances and Changes in Fund Balances
Year ended June 30, 1976
� Operation Guidance:
Fund balance, July 1, 1975
Revenues from Federal sources through State of Alaska
Expenditures and encumbrances:
Out -of- district travel
Teaching supplies
Total expenditures and encumbrances
Fund balance, June 30, 1976
Youth Employment Services (YES):
Fund balance, July 1, 1975
Revenues from Federal sources through State of Alaska
Expenditures:
Classified salaries
FICA taxes
Telephone
Out -of- district travel
Total expenditures
Fund balance, June 30, 1976
(Continued)
Actual
Actual
over (under)
Budget
Expenditures
Encumbrances Total
budget
3,000
-
- 2,604
(396
500
361
- 361
(139)
2,500
1,942
301 2,243
257)
3,000
2,303
301 2,604
(396
$ -
-
- -
-
-
- 7,359
716
6,643
7,290
6,577
- 6,577
(713)
428
396
- 396
(32)
128
50
- 50
(78)
336
336
- 336
-
8,182
7,359
- 7,359
(823
(Continued)
2
KODIAK ISLAND BOROUGH
School District
Special Revenue Funds
Combined Statements of Budgeted and Actual Revenues,
Expenditures, Encumbrances and Changes in Fund Balances, Continued
J.O.I.N.S.:
Fund balance, July 1, 1975
Revenues from Federal sources through State of Alaska
Expenditures and encumbrances:
Certificated salaries
Classified salaries
Workmen's compensation
FICA taxes
Teachers' retirement
Intra- district travel
Teaching supplies
Instructional equipment
Total expenditures and encumbrances
Fund balance, June 30, 1976
Health Occupations:
Fund balance, July 1, 1975
Revenues from Federal sources through State of Alaska
Expenditures, out -of- district travel
Fund balance, June 30, 1976
Exhibit R, Cont.
Actual
Actual over (under)
Budget Expenditures Encumbrances Total budget
22,561 - - 19,101 (3,460
7,570
7,478
- 7,478
(92)
6,397
5,234
- 5,234
(1,163)
982
203
- 203
(779)
421
306
- 306
(115)
516
510
- 510
(6)
800
150
- 150
(650)
3,625
2,660
788 3,448
(177)
2,250
1,772
- 1,772
478
22,561
18,313
788 19,101
(3,460
200
-
- 90
(110)
200
90
- 90
(110
(Continued)
3 Exhibit R, Cont.
KODIAK ISLAND BOROUGH
School District
Special Revenue Funds
Combined Statements of Budgeted and Actual Revenues,
Expenditures, Encumbrances and Changes in Fund Balances, Continued
(Continued)
Actual
Actual
over (under)
Budget
Expenditures
Encumbrances
Total
budget
Continuing Education Programs (CE2):
Fund balance, July 1, 1975
Revenues from Federal sources through State of Alaska:
Foundation
145,000
-
-
144,375
(625)
Vocational
45,000
-
-
45,000
-
Total revenues
190,000
-
-
189,375
(625
Expenditures and encumbrances:
Management and professional salaries
26,070
25,998
-
25,998
(72)
Certificated salaries
62,395
58,836
-
58,836
(3,559)
Classified salaries, regular
17,005
18,335
-
18,335
1,330
Classified salaries, temporary
2,264
791
-
791
(1,473)
Health insurance
3,216
1,578
-
1,578
(1,638)
Workmen's compensation
5,364
1,702
-
1,702
(3,662)
FICA taxes
995
1,133
-
1,133
138
Teachers' retirement
6,033
5,792
-
5,792
(241)
Instructional services
4,975
294
-
294
(4,681)
Professional and technical services
-
-
24,109
24,109
24,109
Postage
495
495
-
495
-
Telephone
2,064
794
-
794
(1,270)
Other communications
780
-
-
-
(780)
Property insurance
140
140
-
140
-
Liability insurance
1,895
1,895
-
1,895
-
Rentals
4,081
2,234
3,512
5,746
1,665
Tuition
3,600
732
-
732
(2,868)
Intra- district travel
-
35
15
50
50
Out -of- district travel
8,600
2,326
-
2,326
(6,274)
Mileage reimbursement
800
420
-
420
(380)
Electricity
598
801
-
801
203
Heating fuel
700
936
-
936
236
Water and sewer
156
156
-
156
-
Expenditures and encumbrances, carried forward
152,226
125,423
27,636
153,059
833
(Continued)
4
KODIAK ISLAND BOROUGH
School District
Special Revenue Funds
Combined Statements of Budgeted and Actual Revenues,
Expenditures, Encumbrances and Changes in Fund Balances, Continued
Expenditures and encumbrances, brought forward
Repairs and maintenance
Teaching supplies
Maintenance supplies
Janitorial supplies
Office supplies
Gas and oil
Textbooks
Periodicals
Other instructional media
Audio /visual equipment
Instructional equipment, except audio /visual
Office equipment
Other equipment
Total expenditures and encumbrances
Fund balance, June 30, 1976
Donna Can Read:
Fund balance, July 1, 1975
Revenues:
From School District General Fund
From State of Alaska
Total revenues
Expenditures, T/V equipment
Fund balance, June 30, 1976
Exhibit X, Cont.
- - - 22 22
1,250 - - ^ 1,250 -
1,250 - - 1,272 22
1,250 1,272 - 1,272 22
(Continued)
Actual
Actual
over (under)
Budget
Expenditures
Encumbrances
Total
budget
$ 152,226
125,423
27,636
153,059
833
1,221
173
-
173
(1,048)
6,492
3,454
1,630
5,084
(1,408)
200
78
-
78
(122)
50
-
-
-
(50)
912
845
60
905
(7)
1,656
549
-
549
(1,107)
2,098
1,193
222
1,415
(683)
200
181
168
349
149
975
1,437
158
1,595
620
1,604
1,481
578
2,059
455
7,025
6,886
934
7,820
795
8,511
6,144
3,077
9,221
710
7,149
7,068
-
7,068
(81
190,319
154,912
34,463
189,37
(944
- - - 22 22
1,250 - - ^ 1,250 -
1,250 - - 1,272 22
1,250 1,272 - 1,272 22
(Continued)
5
KODIAK ISLAND BOROUGH
School District
Special Revenue Funds
Combined Statements of Budgeted and Actual Revenues,
Expenditures, Encumbrances and Changes in Fund Balances,
Mini Grant, Dial 911:
Fund balance, July 1, 1975
Revenues:
From School District General Fund
From State of Alaska
Total revenues
Expenditures, teaching supplies
Fund balance, June 30, 1976
Elwani:
Fund balance, July 1, 1975
Revenues:
State of Alaska
Local sources
Total revenues
Expenditures, printing and publishing
Fund balance, June 30, 1976
Alaska State Council on Arts:
Fund balance, July 1, 1975
Revenues:
Local sources
State sources
Federal sources
Total revenues
Expenditures, professional and technical services
Fund balance, June 30, 1976
Exhibit X, Cont.
Actual
Actual over (under)
Budget Expenditures Encumbrance budget
S
-
- -
150
150
-
- -
27
27
-
- -
177
177
-
177 -
177
177
900
- -
900
-
-
-
900
900
900
900 -
1,800
900
900
900 -
1,800
900
1,220
- -
1,220
-
610
- -
610
-
1,830
- -
1,830
-
3,660
- -
3,660
-
3,660
3,660 -
3,660
-
(Continued)
6
KODIAK ISLAND BOROUGH
School District
Special Revenue Funds
Combined Statements of Budgeted and Actual Revenues,
Expenditures, Encumbrances and Changes in Fund Balances, Continued
Project Sews:
Fund balance, July 1, 1975
Revenues from State of Alaska
Expenditures:
Teaching supplies
Instructional equipment, except audio /visual
Total expenditures
Fund balance, June 30, 1976
Johnson - O'Malley:
Fund balance, July 1, 1975
Revenues, Federal through Kodiak Area Natives Association
Expenditures:
Certificated salaries
Health and life insurance
Teachers' retirement
Total expenditures
Fund balance, June 30, 1976
NDEA Title III:
Fund balance, July 1, 1975
Revenues:
From School District General Fund
From Federal sources through State of Alaska
Total revenues
Expenditures - audio /visual equipment
Fund balance, June 30, 1976
Exhibit X, Cont.
Actual
Actual over (under
Budget Expenditures Encumbrances Total budget
635 - - 628 (7)
200 425 - 425 225
435 203 - 203 (232
635 628 - 628 (7)
80,681 - - 79,229 (1,452
73,346
72,954 -
72,954
(392)
2,333
1,299 -
1,299
(1,034)
5,002
4,976 -
4,976
(26
80,681
79,229 -
79,229
(1,452
-
- -
934
934
1,051
- -
934
(117
1,051
- -
1,868
817
1,051
1,868 -
1,868
817
(Continued)
7
KODIAK ISLAND BOROUGH
School District
Special Revenue Funds
Combined Statements of Budgeted and Actual Revenues,
Kpenditures, Encumbrances and Changes in Fund Balances, Continued
Indian Education Act, 1974 -75:
Fund balance, July 1, 1975
Revenues from Federal sources
Expenditures:
Classified salaries
FICA taxes
Intra- district travel
Out -of- district travel
Other purchased services
Subtotal
Various villages:
Other supplies
Other instructional media
Audio /visual equipment
Instructional equipment
Total various villages
Ouzinkie:
Teaching supplies
Maintenance supplies
Janitorial supplies
Library books
Other instructional media
Instructional equipment
Other equipment
Total Ouzinkie
Exhibit X. Cont.
Actual
Actual over (under)
Budget Expenditures Encumbrances Total budget
46,812 -
- 36,404
( 10,408 )
_ 3,160
- 3,160
3,160
185
- 185
185
-
669
- 669
669
-
407
- 407
407
-
71
_ 71
71
-
_ 4,492
- 4,492
4,492
12
- 12
12
_
_ 3,316
- 3,316
3,316
_ 7,009
- 7,009
7,009
156
_ 156
T 10,493
- 156
- 10,493
10,493
_ 1,101
_ 1,101
1,101
_ 4,422
- 4,422
4,422
5
- 5
5
_
516
- 516
516
_
76
- 76
76
_
_ 6,530
- 6
6,530
156
156
- 12.806
- 156
- 12,806
12,806
(Continued)
8
KODIAK ISLAND BOROUGH
School District
Special Revenue Funds
Combined Statements of Budgeted and Actual Revenues,
Expenditures, Encumbrances and Changes in Fund Balances, Continued
ffl Port Lions:
Repairs and maintenance
Teaching supplies
Maintenance supplies
Textbooks
Library books
Instructional equipment
Total Port Lions
Total expenditures
Fund balance, June 30, 1976
Indian Education Act, 1975 -76:
Fund balance, July 1, 1975
Revenues from Federal sources
Expenditures and encumbrances:
Certificated salaries
Classified salaries
FICA taxes
Professional and technical services
Intra- district travel
Out -of- district travel
Teaching supplies
Food
Library books
Other instructional media
Audio /visual equipment
Instructional equipment
Total expenditures and encumbrances
Fund balance, June 30, 1976
Exhibit X, Cont.
Actual
Actual over (under)
Budget Expenditures Encumbrances Total budget
- 200 - 200 200
- 58 - 58 58
- 455 - 455 455
- 68 - 68 68
875 - 875 875
6,957 - 6,957 6,957
8,613 - 8,613 8,613
36,404 - 36,404 36,404
107,199 - - 68,808 ( 38,391 )
19,250
-
-
-
(19,250)
10,000
7,739
-
7,739
(2,261)
-
481
-
481
481
3,000
1,750
-
1,750
(1,250)
9,750
5,746
335
6,081
(3,669)
48,168
38,839
4,509
43,348
(4,820)
4,847
7
3,297
3,304
(1,543)
8,700
5,225
-
5,225
(3,475)
-
242
-
242
242
684
208
-
208
(476)
2,000
-
430
430
(1,570)
800
-
-
-
(800
107,199
60,237
8,571
68,808
( 38,391 )
(Continued)
9
KODIAK ISLAND BOROUGH
School District
Special Revenue Funds
Combined Statements of Budgeted and Actual Revenues,
Expenditures, Encumbrances and Changes in Fund Balances, Continued
Exhibit X. Cont
Actual
Actual
over (under)
Budget
Expenditures Encumbrances
Total
budget
Drug Abuse Program:
Fund balance, July 1, 1975
$ -
- -
-
-
Revenues from Federal sources through State of Alaska
8,378
- -
7,997
(381
Expenditures:
Certificated salaries
3,000
3,000 -
3,000
-
Substitute teachers' salaries
440
420 -
420
(20)
Out -of- district travel
4,938
4,577 -
4,577
(361
Total expenditures
8,378
7,997 -
7,997
(381
Fund balance, June 30, 1976
$ -
- -
-
-
Elementary and Secondary Education Act Programs:
Title I:
Fund balance, July 1, 1975
-
- -
-
-
Revenues from Federal sources through State of Alaska
125,285
- -
84,403
( 40,882 )
Expenditures:
Certificated salaries
73,700
53,298 -
53,298
(20,402)
Classified salaries
32,725
24,694 -
24,694
(8,031)
Health and life insurance
9,019
1,332 -
1,332
(7,687)
FICA taxes
1,915
1,445 -
1,445
(470)
Teachers' retirement
5,026
3,634 -
3,634
(1,392)
Intra- district travel
2,900
- -
-
(2,900
Total expenditures
125,285
84,403 -
84,403
( 40,882 )
Fund balance, June 30, 1976
$ -
- -
-
-
(Continued)
10
KODIAK ISLAND BOROUGH
School District
Special Revenue Funds
Combined Statements of Budgeted and Actual Revenues,
Expenditures, Encumbrances and Changes in Fund Balances, Continued
Title II:
Fund balance, July 1, 1975
Revenues from Federal sources through State of Alaska
Expenditures, library books
Fund balance, June 30, 1976
Title II Special:
Fund balance, July 1, 1975
Revenues from Federal sources through State of Alaska
Expenditures and encumbrances:
Library books
Other instructional media
Total expenditures and encumbrances
Fund balance, June 30, 1976
-' J.O.I.N.S. Title VT:
Fund balance, July 1, 1975
Revenues from Federal sources through State of Alaska
Expenditures and encumbrances:
Out -of- district travel
Field trips
Teaching supplies
Total expenditures and encumbrances
Fund balance, June 30, 1975
Actual
Actual over (under
Budget Expenditures Encumbrances Total budget
1,141 - - 992 (149)
1,141 992 - 992 (149
7,267
1,725
5,542
7,267
6,639
500
400
5,739
6,639
1,404
1,404
504
3,191
3,695
- 6,956
10 1,414
5,542 5,542
5,552 6,956
963
963
(Continued)
4,658
504
_ 4,154
4,658
( 311)
(311)
(311
(1,981
4
(400)
(1,585
( 1,981
11
KODIAK ISLAND BOROUGH
School District
Special Revenue Funds
Combined Statements of Budgeted and Actual Revenues,
Expenditures, Encumbrances and Changes in Fund Balances, Continued
Career Education:
Fund balance, July 1, 1975
Revenues from Federal sources
Expenditures and encumbrances:
Certificated salaries
Classified salaries
Health insurance
FICA taxes
Other professional and technical services
Intra- district travel
Out -of- district travel
Office supplies
Periodicals
Other instructional media
Audio /visual equipment
Total expenditures and encumbrances
Fund balance, June 30, 1976
r" Out -of -State Tuition:
Fund balance, July 1, 1975
Revenues from State of Alaska
Expenditures and encumbrances:
Professional and technical services
Room and board
Out -of- district travel
Total expenditures and encumbrances
Fund balance, June 30, 1976
Exhibit X. Cont.
Actual
Actual over (under)
Budget Expenditures Encumbrances Total budget
67,000
-
-
65,236
(1,764
4,000
4,000
-
4,000
-
9,261
8,868
-
8,868
(393)
384
54
-
54
(330)
542
523
-
523
(19)
17,350
17,600
-
17,600
250
7,341
6,304
60
6,364
(977)
4,858
3,840
973
4,813
(45)
1,000
383
705
1,088
88
100
78
-
78
(22)
19,425
12,023
7,461
19,484
59
2,739
2,364
-
2,364
(375
67,000
56,037
9,199
65,236
(1,764
10,000
-
-
(1,260
8,740
2,400
2,800
-
2,800
400
4,800
5,600
-
5,600
800
2,800
170
170
340
(2,460
10,000
8,570
170
8,740
(1,260
(Continued)
12
KODIAK ISLAND BOROUGH
School District
Special Revenue Funds
Combined Statements of Budgeted and Actual Revenues,
Expenditures, Encumbrances and Changes in Fund Balances, Continued
Exhibit X, Cont.
Actual
Actual
over (under
Budget
Expenditures
Encumbrances
Total
budget
Public Employment Programs (PEP):
Fund balance, July 1, 1975
$ -
-
-
-
-
Revenues:
From School District General Fund
-
-
-
1,777
1,777
From Federal sources through State of Alaska
111,823
-
-
132,656
20,833
Total revenues
111,823
-
-
134,433
22,610
Expenditures:
Classified salaries
111,581
126,587
-
126,587
15,006
FICA taxes
242
7,406
-
7,406
7,164
Tuition reimbursement
-
119
-
119
119
Out -of- district travel
321
-
321
321
Total expenditures
111,823
134,433
-
134,433
22,610
Fund balance, June 30, 1976
Bilingual Bicultural Program:
Fund balance, July 1, 1975
-
-
-
-
-
Revenues from State of Alaska
1,712
-
-
1,681
(31
Expenditures and encumbrances:
Professional and technical services
600
550
-
550
(50)
Telephone
25
25
-
25
-
Out -of- district travel
577
639
-
639
62
Other purchased services
125
26
-
26
(99)
Teaching supplies
375
-
431
431
56
Other supplies
10
10
-
10
-
Total expenditures and encumbrances
1,712
1,250
431
1,681
31
Fund balance, June 30, 1976
$ -
-
-
-
-
(Continued)
13
KODIAK ISLAND BOROUGH
School District
Special Revenue Funds
Combined Statements of Budgeted and Actual Revenues,
Expenditures, Encumbrances and Changes in Fund Balances, Continued
Community Education Program:
Fund balance, July 1, 1975
Revenues from State of Alaska
Expenditures and encumbrances:
Classified salaries
Health insurance
Workmen's compensation
FICA taxes
Professional and technical services
Telephone
Tuition
Intra - district travel
Out -of- district travel
Teaching supplies
Total expenditures and encumbrances
Fund balance, June 30, 1976
Title III, On the Job Training:
Fund balance, July 1, 1975
Revenues from Federal sources through State of Alaska
Expenditures and encumbrances:
Management salaries
Classified salaries
FICA taxes
?workmen's compensation
Total expenditures and encumbrances
Fund balance, June 30, 1976
Exhibit X, Cont.
Actual
Actual over (under)
Budget Expenditures Encumbrances Total budget
10,000 - - 9,492 508
2,100
1,852
- 1,852
(248)
8
-
- -
(8)
13
25
- 25
12
94
337
- 337
243
4,815
4,315
- 4,315
(500)
250
-
250 250
-
200
117
- 117
(83)
60
48
- 48
(12)
2,375
2,361
- 2,361
(14)
85
187
- 187
102
10,000
9,242
250 9,492
(508
1,464 1,464
- 95
- 95
95
- 1,274
- 1,274
1,274
- 20
- 20
20
- 75
- 75
75
- 1,464
- 1,464
1,464
See accompanying notes to financial statements.
Exhibit Y
KODIAK ISLAND BOROUGH
School District
Cafeteria Fund
Balance Sheet
June 30, 1976
Assets
Cash
Accounts receivable
Due from State of Alaska
Inventory, including $13,998 of USDA food inventory
Due from Special Revenue Funds
$ 26,645
288
922
41,165
5,225
$ 74,245
Liabilities, Encumbrances and Fund B alance
Accounts payable
Payroll taxes accrued and withheld
Due to School District General Fund
Total liabilities
Encumbrances outstanding
Fund balance:
Appropriated for purchase of freezers
Unappropriated
Total fund balance
642
3,223
6,507
10,372
8,306
$ 5,010
50,557
55,567
$ 74,245
See accompanying notes to financial statements.
Exhibit Z I
KODIAK ISLAND BOROUGH
School District
Cafeteria Fund
Statement of Budgeted and Actual Revenues, Expenditures and Encumbrances
Year ended June 30, 1976
Revenues:
Food sales
Contributions:
Federal Government for food expenditures
School District General Fund
Indian Education Act
Food commodities donated by Federal Government
Insurance proceeds from fire
Total revenues
Expenditures and encumbrances:
Cost of food used
Salaries
Employee benefits
Equipment
Supplies
Utilities
Other
Total expenditures and encumbrances
Excess of revenues over expenditures
See accompanying notes to financial statements.
Actual
Actual
over (under)
Budget
Expenditures
Encumbrances
Total
budget
$ 71,630
-
-
58,988
(12,642)
47,827
-
-
31,370
(16,457)
-
-
-
289
289
8,698
-
-
5,225
(3,473)
-
-
-
10,774
10,774
-
-
-
12,175
12,175
128,155
-
-
118,821
(9,334
58,301
44,555
-
44,555
(13,746)
57,516
53,508
-
53,508
(4,008)
4,277
5,262
-
5,262
985
2,563
50
8,288
8,338
5,775
2,548
2,340
18
2,358
(190)
2,300
974
-
974
(1,326)
650
51
-
51
(599
128,155
106,740
8,306
115,046
( 13,109 )
$ -
-
-
3
3,775
See accompanying notes to financial statements.
R%rh; h; t AA
KODIAK ISLAND BOROUGH
School District
Cafeteria Fund
Statement of Changes in Fund Balance
June 30, 1976
Total Unappropriated Appropriated
Fund balance, July 1, 1975 $ 51,792 51,792 -
Additions (deductions):
Excess of revenues over expenditures 3,775 3,775 -
Appropriation for purchase of freezers - (5,010 5,010
Fund balance, June 30, 1976 $ 55 50 5
See accompanying notes to financial statements.
Exhibit BB
KODIAK ISLAND BOROUGH
School District
Tobacco Tax Fund
Balance Sheet
June 30, 1976
Assets
Cash
Fund Balance
Fund balance
Statement of Revenue, Expenditures and
Changes in Fund Balance
Year ended June 30, 1976
Fund balance, July 1, 1975
Add State of Alaska revenue sharing
Less contribution to School District Debt Service Fund
Fund balance, June 30, 1976
$ 145
$ 145
$ 145
59,628
59,773
59,628
$ 145
See accompanying notes to financial statements.
Fv},i},it RR
KODIAK ISLAND BOROUGH
Statement of General Long -Term Debt
June 30, 1976
Amount Available and to be Provided
for the Payment of General Long -Term Debt
Term bonds:
Amount available in Debt Service Funds
Amount to be provided
Serial bonds - amount to be provided
General Long -Term Debt Payable
Term bonds payable
Serial bonds payable
$ 150,000
150,000
300,000
4,155,000
$ 4,455,000
300,000
4,155,000
$ 4,455,000
See accompanying notes to financial statements.
KODIAK ISLAND BOROUGH
Combined Schedule of Bonds Payable
June 30, 1976
General
Obligation Bonds
Term bonds - hospital
building
Serial bonds - school
building
Interest
Rate Date
4.875% 11 /1; 5/1 5/1/67 5/1/87 $
3.625 9/1; 3/1 3/1/65 1/1/79
3.875 9/1;
3/1
3/1/65
3/1/85
5.75 9/1;
3/1
1/1/67
9/1/78
5.00 9/1;
3/1
1/1/67
9/1/88
5.00 8/1;
2/1
4/1/74
8/1/85
7.25 8/1; 2/1 8/1/74 8/1/92
Final
Issue maturity
date date
Annual
serial payments
Amount Date
20,000
1977 -1978
24,000
1979
25,000
1980 -1985
25,000
1976 -1977
50,000
1978
50,000
1979 -1987
115,000
1976
120,000
1977
125,000
1978
130,000
1979
140,000
1980
145,000
1981
150,000
1982
160,o00
1983
195,000
1984
210,000
1985
215,000
1986
235,000
1987
250,000
1988
250,000
1989
290,000
1990
310,000
1991
330,000
1992
See accompanying notes to financial statements.
Exhibit FF
B
Authorized Issued
$ 300,000 300,000
350,000 315,000
150,000 150,000
300,000 300,000
450,000 450,000
2,100,000 2
Fund balance - Term Bonds
mds Over (under)
Retired Outstanding Requirement Actual requirement
- 300,000 150,000 150,000 -
250,000 65,000 - - -
- 150,000 - - -
200,000 100,000 - - -
- 450,000 - - -
610,000 1,490,000 - - -
1,900,000 1,900,000 - 1,900,000 - - -
5,250,000 5
5,215,000 1
1,060,000 4
4,155,000 -
KODIAK ISLAND BOROUGH
Notes to Financial Statements
June 30, 1976
(1) Summary of Significant Accounting Policies
The Kodiak Island Borough, including the Kodiak Island School District, uses
the modified accrual method of accounting in which expenditures other than
Accrued interest on general long -term debt are recorded at the time liabilities
are incurred and the revenues are recorded when received in cash, except for
material revenues which are accrued to properly reflect revenues earned.
Inventories
Inventories are valued at lower of cost (first -in, first -out) or market (net
realizable value), except for the USDA food inventory which is recorded in the
Cafeteria Fund at replacement market.
Retirement Plans
All
full -time employees of the Kodiak Island School District participate in
either the Public Employee's Retirement System (PERS) or the Teachers' Re-
tirement System (TRS). The District accrues pension expense which includes
current costs and amortization of prior service cost. The policy is to fund
pension cost accrued.
Annual Leave
Annual leave is accrued as earned by employees and recorded as an expenditure
in the period earned.
(2) Retirement Plan
Total pension expense under PERS and TRS relating to employees of the Kodiak
Island School District covered by the accompanying financial statements for
the year ended June 30, 1976 is as follows:
PERS $ 47,471
TRS 191,726
$ 239,197
PERS was adopted by the School District effective July 1, 1976. The initial con-
tribution into the plan of $47,471 funded a portion of the prior service
costs. The actuarially computed value of vested benefits as of July 1,
1975 (the date of the latest available actuarial report) for past service
benefits is $247,952.
The School District's portion of actuarially computed value of vested benefits
over the total of the pension fund for TRS is not available as all employer
contributions are commingled. As of June 30, 1974, (the latest date infor-
mation is available) the funding ratio of TRS was approximately 50 %.
Contributions to these plans are a percentage of eligible gross wages made
by both the employer and employee as follows:
2
KODIAK ISLAND BOROUGH
Notes to Financial Statements
1975 -76 1976 -77
PERS TRS PERS TRS
Employee - 6.00% 4.25% 7.00%
School District - 6.82 10.53 7.09
Total - 12.82 14.78 14.09
(3) Refunding Bonds
During 1975, the Borough issued "refunding bonds" in the amount of $1,900,000
(reflected in the financial statements as serial bonds payable) to provide
funds to retire $2,325,000 of refunding bonds issued in 1974. The proceeds
from the new issue have been invested in U.S. Governmental securities at an
interest rate which will result in a return of proceeds that, when added to
the securities principal balance, will be sufficient to meet the interest
and principal requirements of the $2,325,000. Accordingly, the investment
in the securities and the bond payable obligation of $2,325,000 are not
reflected in the financial statements.
(4) Contingency
The Borough and the Grey Nuns of the Sacred Heart implemented an operating
agreement whereby the Grey Nuns are operating the Borough -owned hospital
for five years which commenced March 1, 1975. As consideration for the
operational and administrative services furnished by the Grey Nuns, the
Borough agreed to fund any cumulative deficit incurred by the Grey Nuns
resulting from operation of the hospital; however, any amounts contributed
by the Borough are to be repaid should the deficit be recovered from sub-
sequent operations. Further, the Borough agreed to pay some hospital insur-
ance premiums, budget a maximum of $60,000 each year for reasonably anticipated
operating deficits and to distribute such amount at periodic intervals should
deficits occur.