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CAFR FY1976KODIAK ISLAND BOROUGH Financial Statements June 30, 1976 (With Accountants' Report Thereon) �� ; kin— 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.