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CAFR FY1981KODIAK ISLAND BOROUGH FINANCIAL STATEMENTS YEAR ENDED JUNE 30 1981 with REPORT OF CERTIFIED PUBLIC ACCOUNTANTS KODIAK ISLAND BOROUGH COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS (Continued) June 30, 1981 LIABILITIES AND FUND BALANCES Amount overdrawn on central treasury (Note 3A) Accounts and contracts payable, including retainage Accrued liabilities Deferred revenue Long -term debt payable (Note 7) Total liabilities Fund balances: Reserved for encumbrances Unreserved: Designated for working capital Designated for hospital operations (Note 5) Designated for fiscal year 1982 operations Undesignated Total fund balances Total liabilities and fund balances Account Governmental Fund Types Group General Total Special Debt Capital Long -Term (Memorandum General Revenue Service Projects Debt Only) $ - $ 129,986 $ 16,792 1,096,024 202,563 - 48,530 864,491 11,075 1,765,268 1,858,076 - 2,909,822 3,055,116 27,867 $ 1,605,220 $ - $ 1,751,998 159,696 - 1,458,283 3,000 - 927,096 96,589 - 3,719,933 - 15,610,000 15,610,000 1,864,505 15,610,000 23,467,310 63,078 136,428 - 1,332,885 - 1,532,391 900,000 - - - - 900,000 60,000 - 324,191 32,040 - 2,059,965 550,013 1,180,818 3,407,234 718,481 1,180,818 - 60,000 - - 356,231 10,964,146 - 14,754,942 12,297,031 - 17,603,564 $6,317,056 $3,773,597 $1,208,685 See accompanying notes. $14,161,536 $15,610,000 $41,070,874 -4- KODIAK ISLAND BOROUGH COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS June 30, 1981 ASSETS Cash and investments: Equity in central treasury (Note 3A) Other cash balances Temporary cash investments (Note 3B) Accounts receivable: Property taxes receivable (Note 9 ) Due from Federal government Due from State of Alaska Land contracts due within one year Other accounts receivable Other assets: Deposits Inventories (Note 1F) Land contracts due after one year Amount available in debt service funds Amount to be provided for long -term debt Total assets Account Governmental Fund Types Group General Total Special Debt Capital Long -Term (Memorandum General Revenue Service Projects Debt Only) $2,771,553 $ 415,060 $ 825,307 7,113 171,859 11,075 - 325,000 225,000 2,816,359 - - - - 2,816,359 - 27,567 - 268,905 - 296,472 594,485 846,101 130,511 419,973 - 1,991,070 - 48,142 - - - 48,142 118,372 29,468 16,792 352,937 - 517,569 9,174 - - - - 9,174 - 102,400 - - - 102,400 - 1,808,000 - - - 1,808,000 _ - _ - 1,180,818 1,180,818 - - 14,429,182 14,429,182 $6,317,056 $3,773,597 $1,208,685 $14,161,536 $15,610,000 $41,070,874 $ 655,086 $ - $ 4,667,006 37,412 - 227,459 12,427,223 - 12,977,223 Continued See accompanying notes. -3- KODIAK ISLAND BOROUGH COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES (Continued) For the year ended June 30, 1981 Governmental Fund Tvnes Total expenditures 2,099,441 12,444,866 448,147 Total 17,360,030 Other financing uses: Special Debt Capital (Memorandum General Revenue Service Projects Only) Expenditures: 942,703 3,847,638 Total expenditures Borough assembly $ 62,409 $ - $ - $ - $ 62,409 Legal department 87,331 - - - 87,331 Capital improvements 77,989 269,581 - 2,280,374 2,627,944 Manager's department 136,344 - - - 136,344 Clerk- treasurer's department 197,566 - - - 197,566 Assessment department 114,374 - - - 114,374 Planning and community and other financing uses development 104,643 100,849 - 18,136 223,628 Engineering department 125,035 - - - 125,035 Health and sanitation 342,696 438,996 - - 781,692 Data services 138,924 - - - 138,924 Outer continental shelf 34,680 - - - 34,680 Coastal zone management 283,260 - - - 283,260 Buildings and grounds 160,066 - - - 160,066 General administration 2,466 - - 69,066 71,532 Education 231,658 11,635,440 - - 11,867,098 Debt service - - 448,147 - 448,147 Total expenditures 2,099,441 12,444,866 448,147 2,367,576 17,360,030 Other financing uses: Operating transfers out 1,689,026 869,409 346,500 942,703 3,847,638 Total expenditures and other financing uses 3,788,467 13,314,275 794,647 3,310,279 21,207,668 Excess (deficiency) of revenues and other financing sources over (under) expenditures and other financing uses 1,258,425 (175,659) 970,818 11,702,497 13,756,081 Fund balances, July 1, 1980, restated (Note 2) 2,157,293 885,656 210,000 594,534 3,847,483 Equity transfer (8,484 8,484 - - - Fund balances, June 30, 1981 $3,407,234 $ 718,481 $1,180,818 $12,297,031 $17,603,564 See accompanying notes. -6- BODIAK ISLAND BOROUGH COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL GENERAL, SPECIAL REVENUE AND DEBT SERVICE FUNDS For the year ended June 30, 1981 Revenues (Note 1B): Property taxes Intergovernmental: Federal State Land sales proceeds received Licenses, permits, fees and other local revenue Building rent Revenue from investments and property Total revenues Other financing sources: Operating transfers in Total revenues and other financing sources Continued General Fund Variance - Favorable Budget Actual (Unfavorable) $2,236,157 6,000 660,000 $2,547,896 2,188 1,706,477 $ 311,739 (3,812) 1,046,477 4,700 167,450 305,200 3,379,507 168,248 24,083 112,120 485,988 4,878,752 168,140 3,547,755 5,046,892 19,383 (55,330) 180,788 1,499,245 (108 1,499,137 See accompanying notes. -7- Special Revenue Funds Debt Service Funds Variance - Variance - Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) I $ 130,899 $ 134,549 $ 3,650 $ - $ - $ - 1,084,322 1,137,196 52,874 - - 9,882,722 9,888,278 5,556 - - - 162,000 280,278 118,278 - - - 390,458 456,374 65,916 - - - 58,000 106,128 48,128 10,000 79,488 69,488 11,708,401 12,002,803 294,402 10,000 79,488 69,488 1,155,698 1,135,813 (19,885 689,073 1,685,977 996,904 12,864,099 13,138,616 274,517 699,073 1,765,465 1,066,392 _ KODIAK ISLAND BOROUGH COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL GENERAL, SPECIAL REVENUE AND DEBT SERVICE FUNDS (Continued) For the year ended June 30, 1981 Expenditures: Borough assembly Legal department Capital improvements Manager's department Clerk- treasurer's department Assessment department Planning and community development Engineering department Health and sanitation Data services Outer continental shelf Coastal zone management Buildings and grounds General administration Education Debt service Total expenditures Other financing uses: Operating transfers out Total expenditures and other financing uses Excess (deficiency) of revenues and other financing sources over (under) expenditures and other financing uses Fund balances, July 1, 1980, restated (Note 2) Equity transfer Fund balances, June 30, 1981 General Fund Variance - Favorable Budget Actual (Unfavorable) $ 80,034 $ 62,409 $ 17,625 107,000 87,331 19,669 88,000 77,989 10,011 133,739 136,344 (2,605) 232,347 197,566 34,781 130,119 114,374 15,745 123,782 104,643 19,139 148,268 125,035 23,233 251,331 342,696 (91,365) 133,944 138,924 (4,980) 54,890 34,680 20,210 285,000 283,260 1,740 167,450 160,066 7,384 12,500 2,466 10,034 207,000 231,658 (24,658) 2,155,404 2,099,441 55,963 1,856,248 1,689,026 167,222 4,011,652 3,788,467 223,185 (463,897) 1,258,425 1,722,322 463,897 2,157,293 1,693,396 - (8,484 (8,484 $ - $3,407,234 $3,407,234 See accompanying notes. -8- Special Revenue Funds Debt Service Funds Variance - Variance - Favorable Favorable Budget Actual ( Unfavorable) Budget Actual (Unfavorable) 290,949 269,581 21,368 261,070 100,849 160,221 448,319 438,996 9,323 11,794,893 11,635,440 159,453 12,795,231 12,444,866 350,365 462,830 448,147 14,683 462,830 448,147 14,683 685,062 869,409 (184,347 236,243 346,500 (110,257 13,480,293 13,314,275 166,018 699 794,647 (95,574 (616,194) (175,659) 440,535 - 970,818 970,818 616,194 885,656 269,462 - 210,000 210,000 - 8,484 8,484 - - - 6 _ $ 718,481 $ 718,481 $ - $1,180,818 $1,180,818 KODIAK ISLAND BOROUGH NOTES TO FINANCIAL STATEMENTS June 30, 1981 1. Significant Accounting Policies A. Basis of Presentation The Kodiak Island Borough (Borough) is organized to perform the municipal duties allowed by Alaska Statutes and as directed by its residents. The financial results of the recur- ring activities performed directly by the Borough are accounted for in the funds of the Borough. As discussed in the following paragraphs, the Borough delegates and contracts with various related entities to fulfill certain of its functions. The Borough has delegated the operating responsi- bility for public education to the Kodiak Island Borough School District (School District). In accordance with statutes, the Borough retains ownership of the educationally related fixed assets and incurs the debt, if necessary, to fund the acquisi- tion and construction of the school facilities. The Borough and the School District maintain separate accounting records of financial activity. The Borough includes the consolidated financial statement of the School District as a Special Revenue Fund in this financial statement. The Borough conducts a mental health services program by terms of a contract with the State of Alaska. The operating activity of this program is subcontracted to the Kodiak Aleutian Mental Health Center. All operating activity and resultant financial position of this program is presented in a Special Revenue Fund in this financial statement. The Borough owns the Kodiak Island Borough Hospital (Hospital) and related furnishings. The Borough has contracted the Hospital's operating activities to the Lutheran Hospitals and Homes Society of America. By terms of that agreement, oper- ating losses sustained (as contractually defined), if any, are the ultimate responsibility of the Borough. Annual'contribu- tions, as well as direct payment for certain insurances, equip- ment and plant repairs, are made by the Borough to subsidize the Hospital's financial operations. These contributions and direct payments are recorded as expenditures of the Borough's General Fund. The comprehensive financial position and opera- ting results of the Hospital are not included in this financial statement. KODIAK ISLAND BOROUGH NOTES TO FINANCIAL STATEMENTS (Continued) June 30, 1981 1. Significant Accounting Policies (Continued) B. Basis of Accountin The accounts of the Borough are organized on the basis of funds, each of which is considered a separate account- ing entity. The resources of the Borough are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. All funds of the Borough are cate- gorized as "governmental funds" to which the modified accrual basis of accounting applies. Pursuant to the modified accrual basis of accounting, expenditures (including accumulated employee leave with cash value) are reflected in the year in which the liabilities for goods and services are incurred, except principal and interest on long -term debt is recognized when due. Also, pursuant to this basis of accounting, material revenues which are both measurable and available are accrued, other revenues are recorded on the cash basis. Summarized below are the major sources of revenue and the applicable recognition policies. Property taxes Real and personal property tax revenue is recog- nized in the fiscal year to which it relates and in which it becomes collectible. Intergovernmental revenue State of Alaska Shared Revenues, State of Alaska Municipal Assistance, Federal Shared Revenue and various State education related entitlement programs and State levied taxes (the proceeds of which are distributed to local governments) are recorded in the fiscal year to which they relate, including accrual at year end of final payments due within approximately two to three months after year end. State of Alaska and Federal governmental cost reimbursable grants and contracts (including grants for construction) are recorded to the extent of allowable expenditures in the period in which the expenditures were incurred. -10- KODIAK ISLAND BOROUGH NOTES TO FINANCIAL STATEMENTS (Continued) June 30, 1981 1. Significant Accounting Policies (Continued) B. Basis of Accounting (Continued) Revenue from investments and property Amounts earned on investment of available cash balances and the rental of building facilities are record- ed in the period to which they relate, including accrual at year end of balances due. All year end accruals at June 30, 1981 are due within approximately two to three months of year end. Land sales proceeds and other local revenue Amounts received pursuant to land sale con- tracts (long -term in nature) are recorded on the cash basis. Other local revenues are recorded on a basis consistent with their nature in relation to measurement and availa- bility standards. C. Fixed Assets and Long -Term Liabilities Annual payments of principal and interest on long- term obligations are recorded as expenditures in the Debt Service Funds in the year of payment. The long -term liabilities owed by the Borough are presented in the Long -Term Debt Group of Accounts. This ac- count group is not a "fund," as it reflects only the measure- ment of financial position and does not reflect measurement of the results of operations. Acquisition and construction of fixed assets are reflected as expenditures in the appropriate fund to which such transactions relate. The Borough is in the process of estab- lishing accounting records of assets owned but as of June 30, 1981, such records are incomplete and, as a result, financial statements reflecting the general fixed assets at June 30, 1981 are not presented. -11- KODIAK ISLAND BOROUGH NOTES TO FINANCIAL STATEMENTS (Continued) June 30, 1981 1. Significant Accounting Policies (Continued) D. Budgets The annual Borough budget is prepared by management in the spring, preceding the fiscal year to which it relates. The budget is submitted to the Assembly for review and approval. Legal enactment of the budget is obtained through passage of a Borough ordinance. Amendments to the budget can occur anytime during the fiscal year through Assembly action. An Assembly resolution is required as authorization to transfer budgeted amounts between line items in each fund. Revisions that alter total expendi- tures of a fund must be authorized by ordinance. The budgeting basis used by the Borough is consistent with generally accepted accounting principles. All funds are budgeted on an annual basis encompassing a fiscal year, except the budgets of Capital Project Funds generally encompass the period of project completion which is generally greater than one year. The budget of the fiscal year 1981 financial activity of Service District 1 was not allocated by fund. The alloca- tion of the budget has been reflected in the financial state- ment and is as summarized below: Revenues and Other Financing Sources Special Revenue Funds Capital Projects Funds Operating transfers, netted in budget ordinance Total per budget ordinance E. Encumbrances $ 36,000 197,800 (27,000 $206,800 Expenditures and Other Financing Uses $ 36,000 197,800 (27,000 $206,800 Encumbrance accounting, under which purchase orders, contracts and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation, is employed as an extension of formal budgetary integration in the General Fund, Special Revenue Funds, and Capital Projects Funds. Encumbrances outstanding at year end are reported as reservations of fund balances since they do not constitute expenditures or liabilities. -12- KODIAK ISLAND BOROUGH NOTES TO FINANCIAL STATEMENTS (Continued) June 30, 1981 1. Significant Accounting Policies (Continued) F. Inventory Expendable operating supplies of the Borough (except as discussed in the succeeding paragraph) are recorded on the purchases method and at June 30, 1981, there was no significant amount of such items. Expendable operating supplies of the School District, consisting primarily of teaching, maintenance and food supplies, are recorded on the usage basis. These inventories are valued at the lower of average cost or market, except USDA food inven- tory (acquired at nominal price) is recorded at replacement cost. G. Investment Earnings Earnings from common investments of the central treasury are credited to the General Fund. Earnings from spe- cifically identifiable investments are credited to the fund to which the investment relates. H. Retirement Plans All full -time employees of the Borough and School District participate in either the Public Employees' Retirement System (PERS) or the Teachers' Retirement System (TRS). The Borough and School District accrue pension expense which in- cludes current costs and amortization of prior service costs. The policy is to fund pension cost accrued. I. Total Columns on Combined Financial Statements Total columns on the Combined Financial Statements are captioned Memorandum Only to indicate that they are pre- sented only to facilitate financial analysis. Data in these columns is not comparable to a consolidation, nor does the data present financial position, results of operations, or changes in financial position in conformity with generally accepted accounting principles, because interfund eliminations and other adjustments have not been made in the aggregation of this data. -13- KODIAK ISLAND BOROUGH NOTES TO FINANCIAL STATEMENTS (Continued) June 30, 1981 � 2. Beginning Fund Balances, Restated The National Council of Governmental Accounting has issued the Governmental Accounting and Financial Reporting Principles, Statements 1 and 2 which, in certain areas, change generally accepted accounting principles applicable to local governmental units, effective for the year ended June 30, 1981. Pursuant to Statements 1 and 2 , the Borough has modified its policies regarding encumbrance accounting and land sales revenue recognition to conform to the new principles. The payment stream of the State Shared Raw Fish Tax (formerly recorded on a cash basis) has been accelerated in the current fiscal year such that amounts received after year end are measurable and available as of June 30, 1981. Accordingly, the accounting policies of the Borough have been modified to recognize accrual at year end of that portion of the entitle- ment outstanding. During the year ended June 30, 1981, the School District modified its accounting policy relating to the recog- nition of Federal PL 874 (intergovernmental) revenue to conform with the policy described in Note 1B. Summarized below are the effects of the modifications on the fund balances reported at June 30, 1980. Special Debt Capital General Revenue Service Projects Fund Funds Funds Funds Total Fund balance, June 30, 1980, as previously reported $2,035,245 $ 672,103 $210,000 $ 161,619 $3,078,967 Adjustments: Encumbrances 12,708 49,338 - 610,261 672,307 Less effect on revenue - (49,338) - (177,346) (226,684) Land sales - (171,902} - - (171,902) State shared taxes 109,340 - - - 109,340 Federal PL 874 - 385,455 - - 385,455 Fund balance, June 30, 1980, restated $2,157,293 $ 885,656 $210,000 $ 594,534 $3,847,483 -14- KODIAK ISLAND BOROUGH NOTES TO FINANCIAL STATEMENTS (Continued) June 30, 1981 3. Cash and Temporary Investments A. Central Treasury The cash transactions of the Borough's funds are trans- acted primarily in a single checking account. Cash carried in this central account, in excess of operating needs, is invested in temporary certificates of deposit or similar short -term in- vestments. A summary of the cash position of each fund in the central treasury at June 30, 1981 is as follows: Cash with central treasury General Fund Special Revenue Funds: Karluk Fire District Bell Flats Road District Roads and Utilities District - 1 Fire District - 1 Education Federal Shared Revenue Debt Service Funds: School Bonds Capital Projects Funds: Parks and Recreation Development Other School Facilities Dormant Projects $2,771,553 $ 1,333 84,677 65,525 39,731 149,637 74,157 415,060 825,307 43,068 513,537 98,481 655,086 4,667,006 Less cash due central treasury Special Revenue Funds: Day Care Land Sales Energy Development Grant Debt Service Funds: Hospital Bond Capital Projects Funds: Hospital Improvement Local Service Roads and Trails Utilities Improvement District - 1980 Bond Sale Improvements Ouzinkie School Larsen Bay School Ouzinkie School Electrification Total cash with central treasury 22,738 54,051 53,197 129,986 16,792 158,219 13,958 1 7,364 1,162,247 127,367 135,309 756 1,605,220 1,751,998 $2,915,008 -15- KODIAK ISLAND BOROUGH NOTES TO FINANCIAL STATEMENTS (Continued) 3 June 30, 1981 3. Cash and Temporary Investments (Continued) A. Central Treasury (Continued) Balance classified by depository: Bank overdraft $ (166,755) Repurchase agreements (17.00% annual return) 500,000 Time certificates of deposit (16.98% average annual return) 2,200,000 Investment in Ready Assets Fund 381,763 $2,915,008 B. Specific Cash Investments Investments have been made by the Borough and identi- fied by the specific source of their funding. A summary of these investments at June 30, 1981 is as follows: Debt Capital Special Service Projects Revenue Funds Fund Fund Mental 1980 Health School Bond Total Land Sales Program Hospital Improvement Time certificate of deposit (13.87% annual return) $ 40,000 $ - $40,000 $ - $ Time certificate of deposit (12.00% annual return) 225,000 - - 225,000 - Repurchase agree- ments (16.5% annual return) 285,000 285,000 - Time certificates of deposit (17.13% average annual return) 11,000,000 - - - 11,000,000 Repurchase agree- ments (17.00% annual return) 1,300,000 - - - 1,300,000 Investment in Ready Assets Fund 127,223 - - - 127,223 Totals $12,977,223 $285,000 $40,000 $225,000 $12,427,223 -16- KODIAK ISLAND BOROUGH NOTES TO FINANCIAL STATEMENTS (Continued) June 30, 1981 4. 5. Annual Appropriation to the School District An annual appropriation is made to the School District in order to provide the School District with total resources in a fiscal year equal in amount to the expenditures and encumbrances incurred (excluding the net effect of student generated financial activity). That portion (an amount of $76,771 in the year ended June 30, 1981) of the annual budgeted appropriation in excess of the amount necessary to balance the School District's total annual resources to its annual expendi- tures and encumbrances (excluding the net effect of student generated financial activity) lapses to the Borough at year end. In addition to the annual appropriation, the Borough provides the School District, without charge, general liability and property insurance and the annual independent audit. Fund Balances By terms of the operating agreement with the Lutheran Hospitals and Homes Society of America, the Borough is ultimate- ly responsible for operating losses (as contractually defined), if any, sustained by the Kodiak Island Borough Hospital. The Borough has appropriated $60,000 in the fiscal year 1981 General Fund operating expenditures as the estimated amount of direct contribution necessary to subsidize the Hospital's 1981 opera- tions, and has also appropriated an additional $60,000 of fund balance as a reserve for unanticipated losses. The unaudited financial statements of the Hospital at June 30, 1981 and for the six months then ended reflect the following: Excess of revenue over expenses, before depreciation $ 155,137 Excess of revenue over expenses, after depreciation $ 92,829 Fixed assets, net $2,959,665 Total assets $3,822,493 Fund balance (including Borough equity in fixed assets) $3,555,310 -17- KODIAK ISLAND BOROUGH NOTES TO FINANCIAL STATEMENTS j (Continued) June 30, 1981 6. Retirement Plans Total pension expense under PERS and TRS, relating to employees of the Borough and School District for the year ended June 30, 1981 is as follows: Borough School District PERS $79,000 $295,949 TRS - 398,481 i I $79,000 $694,430 i The School District's portion of the actuarially com- puted value of vested benefits over the total of pension fund assets for TRS is not available, as all employer contributions are commingled. As of June 30, 1980, the accrued benefit fund- ing ratio of TRS was 66.9 %. The actuarially computed value of the Borough's and School District's unfunded liability (present value of accrued benefits over adjusted assets) for PERS was $46,864 and $649,642, respectively, at January 1, 1980. Contributions to these plans are a percentage of eligible gross wages made by both the employer and employee as follows: 1980 -81 1981 -82 Borough School District Borough School District PERS PERS TRS PERS PERS TRS Employee 4.25% 4.25% 7.00% 4.25% 4.25% 7.00% Employer 12.67 14.40 7.87 12.54 13.78 8.42 Total 16.92% 18.65% 14.87% 16.79% 18.03% 15.42% -18- KODIAK ISLAND BOROUGH NOTES TO FINANCIAL STATEMENTS (Continued) June 30, 1981 7. Long -Term Debt A. Summary The following is a summary of long -term debt transac- tions for the year ended June 30, 1981: Bonds Balance due, Bonds (Principal) Balance due, July 1, 1980 Issued i Retired June 30, 1981 General Obligation Bonds: Term Bonds: 1967 Hospital bond, due 1987 (4.875% annual interest rate) $ 300,000 $ - $ - $ 300,000 I Serial Bonds: 1965 School bond (annual interest rates of 3.625% to 3.875 %), due in installments to 1985) 125,000 - 25,000 100,000 1967 School bond (annual interest rates of 5.00% to 5.75 %) due in in- stallments to 1988 400,000 - 50,000 350,000 1974 School refunding bond (annual inter- est rates of 5.5% to 6.75 %) due in installments to 1985 1,000,000 - 140,000 860 1974 School refunding bond (annual inter- est rates of 5.00% to 5.70 %) due in installments to 1992 1,900,000 - - 1,900,000 1980 School bond (annual interest rate of 8.00%) due in installments to 2001 - 12,100,000 - 12,100,000 Totals $3,725,000 $12,100 $215,000 $15,610,000 -19- KODIAK ISLAND BOROUGH NOTES TO FINANCIAL STATEMENTS (Continued) June 30, 1981 7. 8. Long -Term Debt (Continued) B. Refunding Bonds During 1974 and 1975, the Borough defeased existing bonds by utilizing the proceeds of bonds then issued. The pro- ceeds from the "refunding bonds" (issued in the amounts of $4,000,000 and $2,325,000) have been invested in U.S. Govern- ment securities at an interest rate which will result in a return of proceeds that, when added to the securities` principal balances, will be sufficient to meet the interest and principal requirements of the defeased bonds. The investments in the obligations of the defeased bonds financial statements. A summary trust and the current obligations summarized below. 1972 School bond (5.5% to 6.75 %) due in installments to 1993 1974 "A" School bonds (5% annual interest) due in installments to 1990 securities and the current are not reflected in the of the investments held in of the defeased bonds is Bond Principal Investments Outstanding, Held in Trust, June 30, 1981 June 30, 1981 $3,015,000 2,175,000 $5,190,000 $3,084,000 2,002,000 $5,086,000 C. Unissued Bonds The Borough has unissued bonds for future school im- provements in the amount of $16,900,000 authorized by the 1979 referendum. Contingencies In February of 1981, the Borough settled all claims with the prime contractor of the Kodiak Island Borough Hospital addition project. Terms of the settlement include provisions that the Borough be held harmless in the event of subsequent adverse judgments. -20- KODIAK ISLAND BOROUGH NOTES TO FINANCIAL STATEMENTS (Continued) June 30, 1981 9. Property Taxes - City of Kodiak Property taxes are levied on the assessed value of taxable property as of January 1. Pursuant to Alaska Statutes Title 29.53.170, the Borough establishes the mill rate on or before June 15. Tax bills are mailed prior to July 1, and are payable in two installments on August 15 and October 15. Borough property tax revenues are recognized in the fiscal year in which they become collectible. At June 30, 1981, the 1981 real and personal property tax levy of $1,765,266 is reflected as deferred revenue of the General Fund. At June 30, 1981, property tax receivables include the following: 1981 Real and personal property taxes due in fiscal year 1982 $1,765,266 1980 and prior personal property taxes currently past due from the City of Kodiak 980,315 1980 and prior real and personal property taxes currently past due from Borough residents 160,778 Estimated allowance for uncollectibles (90,000 $2,816,359 The City of Kodiak has assumed the liability for personal property taxes assessed by the Borough to residents of the City of Kodiak. The City is currently withholding payment of taxes to the Borough in the amount of $980,315. Management of both the Borough and the City of Kodiak are seeking to resolve existing differences of opinion related to the taxing system. Pending satisfactory resolution of these differences, the Borough is withholding payment to the City of Kodiak of amounts collected on its behalf. -21- COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS General Fund The General Fund is the general operating fund of the Borough. It is used to account for all financial resources except those designated or required to be accounted for in another fund. KODIAK ISLAND BOROUGH GENERAL FUND BALANCE SHEET June 30, 1981 ASSETS Cash and investments: Equity in central treasury Other cash balances Accounts receivable: Property taxes receivable: 1981 Borough role due in fiscal year 1982 Delinquent taxes due (less allowance for doubtful accounts): City of Kodiak Borough residents Due from State of Alaska Other accounts receivable: Accrued interest Rent receivable, past due Other accounts receivable Total accounts receivable Other assets: Deposits Total assets -22- $2,771,553 7,113 $1,765,266 980,315 70,778 2,816,359 594,485 29,762 66,529 22,081 118,372 3,529,216 9,174 $6,317,056 EXHIBIT A -1 LIABILITIES AND 'FUND BALANCE Accounts payable: Taxes due City of Kodiak Other Accrued liabilities Deferred revenue: 1981 Borough tax role, area wide 1981 Borough tax role, service districts Total liabilities Fund balance: Reserved for encumbrances Unreserved: Designated for working capital Designated for hospital operations Designated for subsequent year's operations Undesignated Total fund balance Total liabilities and fund balance $ 984,930 111,094 1,624,940 140,326 $1,096,024 48,530 1,765,268 2,909,822 63,078 900,000 60,000 324,191 2,059,965 3,407,234 $6,317,056 State: State Shared Revenue 170,000 440,508 EXHIBIT A -2 Hospital equipment grant KODIAK ISLAND BOROUGH 43,000 i GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES AND 228,000 226,093 CHANGES IN FUND BALANCE - BUDGET AND ACTUAL Municipal Assistance i I For the year ended June 30, 1981 Raw Fish tax S 427,924 177,924 Variance - 9,000 5,513 (3,487) Favorable i Budget Actual (Unfavorable) Revenues: - (3,000 Property taxes: 1,046,477 Licenses, permits, fees, General property $1,921,157 $2,245,873 $ 324,716 Penalty and interest 12,000 35,238 23,238 Payment in lieu of taxes 303,000 296,535 (6,465) j Estimated uncollectible taxes - (29,750 (29,750 Sale of maps 2,236,157 2,547,896 311,739 Intergovernmental: Federal government 6,000 2 (3,812) State: State Shared Revenue 170,000 440,508 270,508 Hospital equipment grant - 43,000 43,000 Coastal Zone Management grant 228,000 226,093 (1,907) Municipal Assistance - 563,439 563,439 Raw Fish tax 250,000 427,924 177,924 Electric Co-Op tax 9,000 5,513 (3,487) Alaska business licenses 3,000 - (3,000 660,000 1,706,477 1,046,477 Licenses, permits, fees, and other local revenue: Buildings and trailers 4,000 9,555 5,555 Subdivision and zoning fees 700 1,507 807 Sale of maps - 852 852 Sale of general fixed assets - 11,696 11,696 Miscellaneous - 473 473 4,700 24,083 19,383 Continued -23- KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued) For the year ended June 30, 1981 Building rent: Other local governments Other tenants In -house use Budget $ 101,640 18,941 46,869 167,450 1,200 250,000 $ 101,640 10,480 112,120 Revenues from investments and property: Election contract services Interest income Lease rentals on land and building Computer rental Miscellaneous Total revenues Other financing sources: Operating transfers in: Hospital Debt Service Fund Land Sales Special Revenue Fund 1980 School Bond Improve- ments Capital Projects Fund Anti - Recession Special Revenue Fund Capital Project Fund (undefined) Total revenues and other financing sources Continued 9,000 42,000 3,000 305,200 3,379,507 15,000 100,000 41,505 1,743 10,000 168,248 Actual 1,200 448,082 11,482 25,224 485,988 4,878,752 24,892 100,000 41,505 1,743 168,140 EXHIBIT A -2 (Continued) Variance - Favorable (Unfavorable) (8,461) (46,869 (55,330 198,082 2,482 (16,776) (3,000 180.788 1,499,245 9,892 (10,000 (108 3,547,755 5,046,892 1,499,137 -24- KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued) For the year ended June 30, 1981 Budget Actual Expenditures: Borough Assembly: Mayor travel and per diem Mayor compensation Assembly travel and per diem Assembly compensation Post audit Support costs Facility rent Legal department: Borough attorney Court costs and litigation allowance Capital improvements: General improvements: Furniture and fixtures Machinery and equipment Contracted services Continued $ 6,000 1,440 13,000 10,080 44,000 5.514 80,034 80,000 27,000 107,000 5,000 18,000 65,000 88,000 -25- $ 5,406 988 11,155 6,000 34,467 4,393 62,409 82,161 5,170 87,331 356 10,969 66,664 77,989 EXHIBIT A -2 (Continued) Variance - Favorable (Unfavorable) $ 594 452 1,845 4,080 9,533 (4,393) 5,514 17,625 (2,161) 21,830 19,669 4,644 7,031 (1,664 10,011 KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued) For the year ended June 30, 1981 Budget Actual Manager's department: Borough manager Secretary III Extra help /overtime Taxes - ESC Taxes'- FICA Group insurance Retirement Termination reserve Professional development Office supplies Telephone and telegraph Repairs and maintenance Travel and per diem Automobile allowance Automobile repairs and maintenance Professional services Boards and committees General government expense Insurance and bonding Relocation expenses Office rent Continued $ 50,000 20,364 500 620 2,756 5,500 6,228 11,407 6,500 2,000 2,400 2,000 7,000 1,200 250 3,500 1,000 1,500 500 3,000 5.514 133,739 -26- $ 50,187 21,994 1,062 5,135 1,400 5002 11, 5,665 1,038 2,233 155 11,750 1,200 488 2,057 980 1,801 895 12,052 136,344 EXHIBIT A -2 (Continued) Variance - Favorable (Unfavorable) $ (187) (1,630) 500 (442) (2,379) 4,100 1,226 157 835 962 167 1,845 (4,750) (238) 1,443 20 (301) (395) (9,052) 5,514 (2,605 KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued) For the year ended June 30, 1981 Budget Actual Clerk- treasurer's department: Clerk- treasurer $ 34,810 22,179 18,026 17,306 27,962 500 1,590 6,888 7,380 16,287 7,605 7,000 6,500 6,000 2,500 38,065 23,942 18,344 18,920 17,384 1,338 6,810 5,659 12,945 5,219 5,455 4 894 , 1,608 Bookkeeper Secretary III Cashier Finance officer Extra help /overtime Taxes - ESC Taxes - FICA Group insurance Retirement Termination reserve Professional development Publication and dues E Office supplies Telephone and telegraph Advertising and public hearings Travel and per diem Automobile allowance Postage Election, local Professional services Election, state Insurance and bonding Office rent Repairs and maintenance Relocation expenses Continued 9,000 3,000 2,100 6,000 10,000 2,500 1,200 6,000 5,514 500 4.000 232,347 -27- 4,466 2,947 2,600 6,127 5,338 548 10,957 4,000 197,566 EXHIBIT A -2 (Continued) Variance - Favorable (Unfavorable) (3,255) (1,763) (318) (1,614) 10,578 500 252 78 1,721 3,342 7,605 1,781 1,045 1,106 892 4,534 53 (500) (127 ) 4,662 1,952 1,200 (4,957) 5,514 500 34,781 KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued) For the year ended June 30, 1981 EXHIBIT A -2 (Continued) Continued -28- Variance - Favorable Budget Actual (Unfavorable) i Assessment department: Appraiser /assessor $ 40,810 $ 37,197 $ 3,613 Assistant assessor 24,760 27,064 (2,304) Assessing clerk 17,600 16,882 718 Taxes - ESC 780 971 (191) Tries - FICA 4,396 4,705 (309) Group insurance 2,195 3,663 (1,468) Retirement 9,704 9,400 304 Termination reserve 5,400 942 4,458 Professional development 2,600 2,957 (357) Publication and dues 450 141 309 Office supplies 1,400 1,992 (592) Telephone and telegraph 900 991 (91) Repairs and maintenance 200 76 124 Advertising and hearings 800 981 (181) Travel and per diem 2,500 1,528 972 Automobile allowance 3,360 3,360 - Printing materials t and forms 3,100 1,105 1,995 I Professional services 500 331 169 Insurance and bonding 150 88 62 Office rent 5,514 - 5,514 Equipment rental 3,000 - 3,000 130,119 114,374 15,745 Continued -28- KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued) For the year ended June 30, 1981 Planning and community development department: Planning director Zoning assistant Secretary III Extra help /overtime Taxes - ESC Taxes - FICA Group insurance Retirement Termination reserve Professional development Office supplies Telephone and telegraph Advertising and public hearings Travel and per diem Automobile allowance Professional services Maps Reports and publication Boards and committees Office rent Equipment rental Publication and dues Capital outlay Relocation expenses Miscellaneous Overall economic development planning - boards and committees Continued Budget Actual 32,352 22,026 500 550 2,500 5,500 6,000 3,000 2,500 3,500 2,500 5,800 5,000 1,440 4,000 2,500 5,000 8,400 5,514 tlZlic 1,500 1,000 2,000 123,782 -29- 4 1 21,449 15,627 21,703 717 1,265 3,824 2541 5, 147 (30) 3,736 2,042 4890 3, 2,160 1,866 952 1,828 7,377 227 473 552 1,680 975 58 104,643 EXHIBIT A -2 (Continued) Variance - Favorable (Unfavorable) $ 10,903 (15,627) 323 (217) (715) (1,324) 2,959 998 2,853 2,530 (236) 458 910 1,418 (720) 2,134 1,548 3,172 1,023 5,514 (227) 227 (552) (180) 25 1,942 19,139 KODIAK ISLAND BOROUGH GENERAL FUND Budget Actual STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued) For the year ended June 30, 1981 Engineering department: Engineer Building official Secretary III Taxes - ESC Taxes - FICA Group insurance Retirement Termination reserve Professional development Office supplies Telephone and telegraph Advertising and public hearings Travel and per diem Automobile allowance Professional services Office rent Supplies - materials Maps Capital outlay, equipment Publication and dues Easement acquisitions Health and sanitation: Council on Alcoholism Sanitation expense Health Resources Board Senior citizens Support of Detoxification Center Support of Halfway House Support of Health Clinic Hospital support: Equipment and furnishing Other costs Current operating expenses Village health services Day care Small World, Inc. EXHIBIT A -2 (Continued) Variance - Favorable (Unfavorable) $ 39,335 $ $ 27,655 $ $ 11,680 35,962 3 38,953 ( (2,991) 20,026 1 14,714 5 5,312 374 8 814 ( (440) 4,100 5 5,187 ( (1,087) 5,754 4 4,197 1 1,557 10,773 1 10,520 2 253 8,000 8 874 7 7,126 3,000 2 2,066 9 934 3,000 4 4,466 ( (1,466) 2,000 1 1,363 6 637 - 3 371 ( (371) 3,500 1 1,566 1 1,934 2,880 2 2,760 1 120 1,500 2 2,931 ( (1,431) 5,514 - - 5 5,514 - 2 234 ( (234) 2,000 9 977 1 1,023 - 4 4,871 ( (4,871) 400 5 516 ( (116) 150 - - 1 150 148,268 1 125,035 2 23,233 20,000 2 20,000 - - 1,000 - - 1 1,000 1,500 1 1,476 2 24 12,500 1 12,500 - - 19,000 1 19,000 - - 24,000 2 24,000 - - 1,200 1 1,621 ( (421) 251,331 342,696 (91,365 Continued -30- KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued) For the year ended June 30, 1981 Data services: Staff wages Taxes - ESC Taxes - FICA Group insurance Retirement Termination reserve Telephone and telegraph Office rent Equipment rental Professional development Professional services Printing and publication Office supplies Publication and dues Advertising and hearings Repairs and maintenance Outer Continental Shelf: Staff wages Taxes - ESC Taxes - FICA Group insurance Retirement Termination reserve Telephone and telegraph Office rent Professional development Professional services Advertising and public hearings Printing and publication Travel and per diem Office supplies Publication and dues Continued Budget Actual $ 20,875 260 1,280 1,991 2,631 1,800 850 2,757 85,000 2,000 2,000 500 11,500 500 133,944 $ 21,504 497 1,343 1,304 2,205 (5) 1,351 55,958 2,613 44,942 5,443 135 283 1.351 138,924 19,866 260 1,218 2,085 2,504 720 1,500 2,757 280 10,000 500 2,000 9,000 1,200 1,000 54,890 -31- 17,151 362 1,215 1,250 2,188 (871) 1,574 5,281 497 1,007 3,195 1,417 414 34,680 EXHIBIT A -2 (Continued) Variance - Favorable (Unfavorable)_ $ (629) (237) (63) 687 426 1,805 (501) 2,757 29,042 (613) (42,942) 500 6,057 365 (283) (_1,351 (4,980 2,715 (102) 3 835 316 1,591 (74) 2,757 280 4,719 3 993 5,805 (217) 586 20,210 KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued) For the year ended June 30, 1981 Coastal Zone Management: Economic development planner CZM coordinator Taxes - ESC Taxes - FICA Group insurance Retirement Auto allowance Contracted services Telephone and telegraph Office rent Professional services Advertising and hearings Travel and per diem Office supplies Furniture and fixtures Relocation expenses Buildings and grounds: Insurance and bonding Repairs and maintenance Janitorial Snow removal Landscaping Utilities General administration: Contingency Continued Budget Actual $ 33,130 478 3,257 750 1,800 420 15,000 1,200 2,757 214,997 761 7,500 1,000 450 1,500 $ 31,999 1,981 544 2,069 909 3,687 46 15,293 1,014 213,390 1,137 8,445 815 431 1.500 285,000 20,000 50,000 2,000 21,145 74,305 167,450 12,500 12,500 -32- 283,260 8,971 25,691 49,974 8,000 5,189 62,241 160,066 2,466 2,466 EXHIBIT A -2 (Continued) Variance - Favorable (Unfavorable) $ 1,131 (1,981) (66) 1,188 (159) (1,887) 374 (293) 186 2,757 1,607 (376) (945) 185 19 1,740 (8,971) (5,691) 26 (6,000) 15,956 12,064 7,384 10,034 10,034 EXHIBIT A -2 KODIAK ISLAND BOROUGH (Continued) GENERAL FUND 4 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued) For the year ended June 30, 1981 Variance - Favorable Budget Actual (Unfavorable) y Education support: I Library Community college School insurance Village libraries Total expenditures Other financing uses: Operating transfers out: Mental Health Center Special Revenue Fund Education Special Revenue Fund (annual School District appropriation) Debt Service Fund 1980 School Bond Improvements Capital Projects Fund Other School Facilities Capital Projects Fund Total other finan- cing uses Total expenditures and other financing uses Excess (deficiency) of revenues and other sources over (under) expenditures and other uses Fund balance, July 1, 1980, restated Equity transfer Fund balance, June 30, 1981 $ 30,000 40,000 125,000 12.000 207,000 2,155,404 12,000 1,143,698 193,338 200,000 307,212 $ 30,000 40,000 153,658 8,000 (28,658) 4,000 231,658 2,099,441 12,000 1,066,927 102,887 200,000 307,212 (24,658 55,963 76,771 90,451 1,856,248 1,689,026 167,222 4,011,652 3,788,467 223,185 (463,897) 1,258,425 463,897 2,157,293 (8,484 $3,407,234 -33- 1,722,322 1,693,396 (8,484 $3,407,234 Special Revenue Funds { Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than major capital projects) that are legally restricted to expenditures for specific purposes. The Borough maintains individual Special Revenue Funds for the following legally established Service District areas: Fire District Number 1 Karluk Fire District Roads and Utility Improvements District Number 1 Bell Flats Road District i The Borough maintains individual Special Revenue Funds for the following intergovernmental grants and contracts: ' Mental Health Day Care Federal Shared Revenues I Energy Grant Anti - Recession Fiscal Assistance (closed in fiscal year 1981) The Borough also maintains an individual Special Revenue Fund for the Borough Land Sales. The financial activity of the Kodiak Island Borough School District is consolidated for presentation as a Special Revenue Fund (Education Fund) in these financial statements. KODIAK ISLAND BOROUGH ALL SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET June 30, 1981 Fire, Road and Utility Improvement Districts' Funds: Road and Land Sales Fire, Fire, Utilities, Fund Number 1 Karluk Number 1 ASSETS Cash and investments: Equity in central treasury $ Other cash balances Temporary cash investments Receivables: Due from Federal government Due from State of Alaska Land contracts due within one year Other accounts receivable (less allowance for doubtful accounts) Other assets: Inventory of school related - $39,731 $1,333 $65,525 9,044 - - - 285,000 - - - 48,142 - - materials and supplies - - - Land contracts due after one year 1,808,000 - - - Total assets $2,150,186 $39,731 $1,333 $65,525 LIABILITIES AND ^� FUND BALANCES Amount overdrawn on central treasury $ 54,051 $ - Accounts and contracts payable, including retainage 12,396 - - 304 Accrued liabilities - - - - Deferred revenue 1,856 - - - Total liabilities 1,922,590 - - 304 Fund balances: Reserved for encumbrances 81,161 - - - Unreserved: Designated for fiscal year 1982 operations - 5,540 500 26,000 Undesignated 146,435 34 833 39,221 _! Total fund balances (deficit) 227,596 39,731 1,333 65,221 Total liabilities and fund balances $2,150,186 $39,731 $1,333 $65,525 -34- EXHIBIT B -1 Federal and State Grants Programs` Funds: Road, Federal Bell Mental Shared Energy Education Flats Health Day Care Revenues Grant Fund Total $84,677 $ - $ - $ 74,157 $ - $ 149,637 $ 415,060 - 73,977 - - - 88,838 171,859 40,000 - - - - 325,000 - 27,567 - - 27,567 20,167 13,114 - 58,230 754,590 846,101 48,142 25,806 - - 3,662 29,468 102,400 102,400 T - - 1,808,000 $84,677 $159,950 $13,114 $101,724 $58,230 $1,099,127 $3,773,597 $ - $ - $22,738 $ - 6,738 1,957 - - - 20,662 - 6,738 22,619 22,738 - 77,939 137,331 9,624) 101,724 77,939 137,331 (9,624 101,724 $84,677 $159,950 $13,114 $101,724 $53,197 $ - $ 129,986 5,033 176,135 202,563 - 843,829 864,491 - 1,933 1,858,076 58,230 1,021,897 3,055,116 55,267 136,428 - 32,040 21,963 550,013 - 77,230 718,481 158,230 $1,099,127 $3,773,597 KODIAK ISLAND BOROUGH ALL SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES June 30, 1981 Fire, Road and Utility Improvement Districts' Funds: Land Road and Road, Sales Fire, Fire, Utilities, Bell Fund Number 1 Karluk Number 1 Flats Revenues: Property taxes Intergovernmental: Federal State Land sale proceeds received Licenses, permits, fees, and other local revenue Revenue from investments and property Total revenues Other financing sources: Operating transfers in Total revenues and other financing sources Expenditures: Capital improvements: General improvements Service district maintenance Planning and community development Health and sanitation Education Total expenditures Other financing uses: Operating transfers out Total expenditures and other financing uses Excess (deficiency) of revenues and other sources over (under) expenditures and other uses Fund balances (deficits), July 1, 1980, restated Equity transfer Fund balances, June 30, 1981 $ - $ 73,153 $ 2,615 33,755 1,688 280,278 - - 98,977 - - 381,870 106,908 1,688 $28,888 24,754 $32,50 f 53,642 28,443 28,44 36,92 1 69,43 381,870 106,908 1,688 82,085 97,87 132,948 - - - 84,605 2,510 26,549 - - 159,497 84,605 2,510 3,245 3,245 46,27 46,27 100,000 - - 259,497 84,605 2,510 28,888 32,133 122,373 22,303 (822) 49,952 105,223 17,428 2,155 15,269 $227,596 $ 39 $1,333 $65,221 -35- 46,27 51,60 26,33 $77,93 EXHIBIT B -2 Federal and State Grants Programs' Funds: Anti - Federal Recession Mental Shared Energy Fiscal Health Day Care Revenues Grant Assistance Education Building Fund Fund Total $ - $ - $ - $ - $ - $ - $ - $ 134,549 110,576 - - 1,026,620 - 1,137,196 243,000 85,784 - 58,230 - 9,401,524 - 9,888,278 - - - - - - - 280,278 101,013 - - - - 355,361 - 456,374 7,151 - - - - - - 106,128 351,164 85,784 110,576 58,230 - 10,783,505 - 12,002,803 12,000 - - - - 1,066,927 - 1,135,813 363,164 85,784 110,576 58,230 11,850,432 - 13,138,616 - - - - - - - 132,948 - - - - - 136,633 16,070 58,230 - - - 100,849 320,390 85,784 32,822 - - - - 438,996 - - 9,422 - - 11,626,018 - 11,635,440 320,390 85,784 58,314 58,230 - 11,626,018 - 12,444,866 - 56,886 - 1,743 681,892 - 869,409 320,390 85,784 115,200 58,230 1,743 12,307,910 - 13,314,275 42,774 - (4,624) - (1,743) (457,478) - (175,659) 94,557 (9,624) 106,348 - 1,743 534,708 (8,484) 885,656 - - - - - 8,484 8,484 $137331 $(9,62 $101,724 $ - $ - $ 77,230 $ - $ 718,481 KODIAK ISLAND BOROUGH LAND SALES FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL For the year ended June 30, 1981 EXHIBIT B -3 Variance - Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental: State grant Land sales proceeds received Revenues from investments and property: Interest income Total revenues Expenditures: Capital improvements: General improvements: Survey and appraisal Improvements Planning and community development Total expenditures Other financing uses: Operating transfers out: General Fund Total expenditures and other financing uses Excess (deficiency) of revenues and other sources over (under) expenditures and other uses Fund balance, July 1, 1980, restated Fund balance, June 30, 1981 $ 10,000 $ 2,615 $ (7,385) 162,000 280,278 118,278 56,000 98,977 42,977 228,000 381,870 153,870 43,500 39,510 3,990 107,500 93,438 14,062 151,000 132,948 18,052 40,000 26,549 13,451 191,000 159,497 31,503 100,000 100,000 291,000 259,497 31,503 (63,000) 122,373 185,373 63,000 105,223 42,223 $ - $227,596 $227,596 -36- KODIAK ISLAND BOROUGH FIRE NUMBER 1 (SERVICE DISTRICT) FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL For the year ended June 30, 1981 Revenues: Property taxes Intergovernmental: State Shared Revenue Total revenues Expenditures: Capital improvements: Service District maintenance: Contracted services Fire hydrant rental Defibrillator rental Total expenditures Excess of revenues over expenditures Fund balance, July 1, 1980 Fund balance, June 30, 1981 EXHIBIT B -4 Variance - Favorable Budget Actual (Unfavorable) $71,555 $ 73,153 $ 1,598 12,300 33,755 21,455 83,855 106,908 23,053 72,115 72,115 - 6,240 6,240 - 5,500 6,250 - (750 83,855 84,605 (750 22,303 22,303 17,428 17,428 $ - $ 39,731 $39,731 -37- KODIAK ISLAND BOROUGH KARLUK FIRE (SERVICE DISTRICT) FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL For the year ended June 30, 1981 Revenues: Intergovernmental: State Shared Revenue Total revenues Expenditures: Capital improvements: Service District maintenance: Equipment repairs and maintenance Travel and per diem Miscellaneous Total expenditures Excess (deficiency) of revenues over (under) expenditures Fund balance, July 1, 1980 Fund balance, June 30, 1981 Budget Actual $ 750 750 $1,688 1,688 1,000 200 50 1,250 (500 ) 500 1,030 1,480 2,510 (822) 2,155 $1,333 EXHIBIT B -5 Variance - Favorable (Unfavorable) $ 938 938 (30) 200 (1,430 (1,260 (322) 1,655 $ 1,333 -38- EXHIBIT B -6 KODIAK ISLAND BOROUGH ROADS AND UTILITY IMPROVEMENTS NUMBER 1 (SERVICE DISTRICT) FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL For the year ended June 30, 1981 I Revenues: l Property taxes Intergovernmental: State Shared Revenue Total revenues Other financing sources: j Operating transfers in: Federal Shared Revenues Total revenues and other I financing sources Expenditures: Capital improvements: Service District maintenance Total expenditures Other financing uses: Operating transfers out: Capital Projects Fund Total expenditures and other financing uses Excess of revenues and other sources over expenditures and other uses Fund balance, July 1, 1980 Fund balance, June 30, 1981 - 28,443 28,443 36,000 82,085 46,085 9,000 3,245 5,755 9,000 3,245 5,755 27,000 28,888 (1,888 36,000 32,133 3,867 - 49,952 49,952 - 15,269 15,269 $ - $65,221 $65,221 -39- Variance - Favorable Budget Actual (Unfavorable) $27,000 $28,888 $ 1,888 9,000 24,754 15,754 36,000 53,642 17,642 - 28,443 28,443 36,000 82,085 46,085 9,000 3,245 5,755 9,000 3,245 5,755 27,000 28,888 (1,888 36,000 32,133 3,867 - 49,952 49,952 - 15,269 15,269 $ - $65,221 $65,221 -39- KODIAK ISLAND BELL FLATS ROAD IMPROVEMENTS STATEMENT OF REVENUES, CHANGES IN FUND BALANCE For the year ended i Revenues: Property taxes I Intergovernmental: State Shared Revenue Total revenues Other financing sources: Operating transfers in: Federal Shared Revenue Fund Total revenues and other financing sources Expenditures: Capital improvements: Service District maintenance: Contracted services Total expenditures Excess (deficiency) of revenues and other sources over (under) expenditures and other uses Fund balance, July 1, 1980 Fund balance, June 30, 1981 EXHIBIT B -7 BOROUGH (SERVICE DISTRICT) FUND EXPENDITURES AND - BUDGET AND ACTUAL June 30, 1981 Variance - Favorable Budget Actual (Unfavorable) $32,344 $32,508 $ 164 13,500 36,928 23,428 45,844 69,436 23,592 28,443 28,443 45,844 97,879 52,035 45,844 46,273 (429 45,844 46,273 (429 - 51,606 51,606 - 26,333 26,333 $ - $77,939 $77,939 -40- x EXHIBIT B -8 KODIAK ISLAND BOROUGH MENTAL HEALTH FUND I STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL For the year ended June 30, 1981 -41- 4 Variance - Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental: (! State grant $243,000 $243,000 $ - 1 Licenses, permits, fees and other local revenue: User fees, organizations 45,218 49,466 4,248 User fees, individuals 38,279 51,547 13,268 83,497 101,013 17,516 Revenues from investments and property: Interest income 2,000 7,151 5,151 Total revenues 328,497 351,164 22,667 Other financing sources: Operating transfers in 12,000 12,000 - Total revenues and other financing sources 340,497 363,164 22,667 Expenditures: Health and sanitation: Mental health program: Personnel 269,299 255,587 13,712 Travel 13,500 12,820 680 Facility 18,037 18,213 (176) Supplies 7,863 7,960 (97) Equipment 5,750 5,777 (27) Other 26,048 20,033 6,015 Total expenditures 340,497 320,390 20,107 Excess of revenues and other sources over expenditures - 42, 774 42,774 Fund balance, July 1, 1980 - 94,557 94,557 Fund balance, June 30, 1981 $ - $137,331 $137,331 -41- tl KODIAK ISLAND BOROUGH DAY CARE FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL For the year ended June 30, 1981 Revenues: Intergovernmental: State grant Expenditures: Health and sanitation: Day care program: Contracted services Excess of revenues over expenditures Fund deficit, July 1, 1980 Fund deficit, June 30, 1981 -42- EXHIBIT B -9 Variance - Favorable Budget Actual (Unfavorable) $75,000 $85,784 $ 10,784 75,000 85,784 10,784) 9,624) 9,624) $ - $ (9 ,624) L_CL 624) ( KODIAK ISLAND BOROUGH FEDERAL SHARED REVENUES FUND 1 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL For the year ended June 30, 1981 EXHIBIT B -10 ' Variance - Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental: Federal Shared Revenue entitlement payments $ 51,000 $110,576 $ 59,576 Total revenues 51,000 110,576 59,576 Expenditures: Planning and community development: f Women's Resource Center contribution 16,070 16,070 - Health and sanitation: Council on Alcoholism contribution 6,500 6,500 - Residential Treatment J Program contribution 6,322 6,322 - Small World Center contribution 20,000 20,000 - 32,822 32,822 Education: Kodiak Community College contribution 9,422 9,422 - Total expenditures 58,314 58,314 - j Other financing uses: Operating transfers out: Road and Utility Improvements (Service District 1) ' Special Revenue Fund 28,443 28,443 - Bell Flats Road (Service District) Special Revenue Fund 28,443 28,443 - Total other financing uses 56,886 56,886 - Total expenditures and other financing uses 115,200 115,200 - } Excess (deficiency) of revenues and other sources over (under) expenditures and other uses F (64,200) (4,624) 59,576 Fund balance, July 1, 1980 64,200 106,348 42,148 Fund balance, June 30, 1981 $ - $101,724 $101,724 -43- t KODIAK ISLAND BOROUGH ENERGY GRANT FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL For the year ended June 30, 1981 Budget Actual EXHIBIT B -11 Variance - Favorable (Unfavorable) t Revenues: Intergovernmental: State of Alaska, Department of Commerce and Economic Development grant $205,000 $58,230 $(146,770 Total revenues 20_ 5,000 58,230 (146,770 Expenditures: Planning and community development: Preventative maintenance computer program 15,000 6,221 8,779 Facility energy management control 40,000 11,269 28,731 Facility design analysis 15,000 - 15,000 f Maintenance and operations manual 10,000 57 9,943 Fuel delivery 25,000 10,765 14,235 Work force study 40,000 25,482 14,518 Incentive program 5,000 4,026 974 Wind turbine 20,000 240 19,760 Energy conservation analysis 35,000 170 34,830 i Total expenditures 205,000 58,230 146,770 ` Excess of revenues over expenditures Fund balance, July 1, 1980 Fund balance, June 30, 1981 -44- KODIAK ISLAND BOROUGH ANTI - RECESSION FISCAL ASSISTANCE FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL For the year ended June 30, 1981 EXHIBIT B -12 Variance - Favorable Budget Actual (Unfavorable) Other financing uses: Operating transfers to: General Fund $1,743 $1,743 Fund balance, July 1, 1980 1,743 1,743 t Fund balance, June 30, 1981 $ - $ - -45- w KODIAK ISLAND BOROUGH EDUCATION FUND BALANCE SHEET June 30, 1981 ASSETS Cash and investments: Equity in central treasury Other cash accounts Receivables: Due from State of Alaska Other accounts receivable Inventories: Teaching supplies Custodial supplies Food Total assets LIABILITIES AND FUND BALANCE Accounts payable Accrued liabilities: Payroll Annual leave Other Deferred revenue Total liabilities Fund balance: Reserved for encumbrances Unreserved Total fund balance Total liabilities and fund balance -46- EXHIBIT B -13 $ 149,637 88,838 754,590 3,662 $ 59,671 23,691 19,038 102,400 $1,099,127 $ 176,135 $616,998 79,986 146,845 843,829 1,933 1,021,897 55,267 21,963 77,230 $1,099,127 KODIAK ISLAND BOROUGH EDUCATION FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL For the year ended June 30, 1981 EXHIBIT B -14 Continued -47- Variance - Favorable Budget Actual (Unfavorable) Revenues: Intergovernmental: Federal $ 1,033,322 $ 1,026,620 $ (6,702) State 9,314,172 9,401,524 87,352 Licenses, permits, fees and other local revenue: Other local revenue 150,280 104,910 (45,370) Food sales * 152,181 114,912 (37,269) Pupil activities 4,500 135,539 131,039 306,961 355,361 48,400 Total revenues 10,654,455 10,783,505 129,050 Other financing sources: Operating transfers from: General Fund 1,143,698 1,066,927 (76,771 Total revenues and other financing sources 11,798,153 11,850,432 52,279 Continued -47- KODIAK ISLAND BOROUGH EDUCATION FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued) For the year ended June 30, 1981 fl Expenditures: Education: Regular instruction Vocational instruction Correspondence Special education Bilingual /bicultural Other special programs Support services - pupil: Attendance Guidance Health services Child study team Boarding home Other Support services - instruction General support services Food services Operation and maintenance Pupil transportation Community services Non - programmed charges Pupil activities Total expenditures Other financing uses: Operating transfers out: School Bonds Debt Service Fund Total expenditures and other financing uses Excess (deficiency) of revenues and other sources over (under) expenditures and other uses . Fund balance, July 1, 1980, restated Fund balance, June 30, 1981 Budget Actual $ 3,892,594 760,359 130,270 817,462 116,572 349,454 $ 3,862,394 730,229 118,458 796,967 111,484 317,123 17,933 144,453 76,069 108,237 90,431 95,181 573,098 1,440,008 305,361 2,397,769 261,711 41,389 167,120 11,785,471 17,483 144,882 74,745 105,816 69,426 87,502 475,974 1,405,326 311,618 2,390,287 256,620 41,678 10,177 297,829 11,626,018 499,433 681,892 12,284,904 12,307,910 (486,751) (457,478) 486,751 534,708 $ 77,230 EXHIBIT B -14 (Continued) Variance - Favorable (Unfavorable) $ 30,200 30,130 11,812 20,495 5,088 32,331 450 (429) 1,324 2,421 21,005 7,679 97,124 34,682 (6,257) 7,482 5,091 (289 ) (10,177) (130,709 159,453 (182,459 (23,006 29,273 47,957 $ 77,230 -48- Debt Service Funds Debt Service Funds are used to account for the accumu- lation of resources for, and the payment of, general long-term debt principal, interest and related costs. The Borough has the following individual Debt Service Funds: Hospital Term Bond School Bonds KODIAK ISLAND BOROUGH ALL DEBT SERVICE FUNDS COMBINING BALANCE SHEET June 30, 1981 EXHIBIT C -1 Hospital Bond Debt School Bonds Service Debt Service Fund Fund Total ASSETS 1 Cash and investments: Equity in central treasury $ - $825,307 $ 825,307 Other cash balances (with fiscal agent) - 11,075 11,075 Temporary cash investments 225,000 - 225,000 Receivables: Due from State of Alaska - 130,511 130,511 Other accounts receivable: Interest accrued 1_ 6,792 - 16,792 Total assets $241,792 $966,893 $1,208,685 LIABILITIES AND FUND BALANCE Amount overdrawn on central treasury $ 16,792 $ - $ 16,792 Accrued liabilities: Matured bond coupons outstanding - 11,075 11,075 Total liabilities 16,792 11,075 27,867 Fund balance: Unreserved: Undesignated 225,000 955,818 1,180,818 Total liabilities and fund equity $241,792 $966,893 $1,208,685 -49- KODIAK ISLAND BOROUGH ALL DEBT SERVICE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For the year ended June 30, 1981 Revenues: Revenues from investments and property: Interest income Accrued interest received at bond sale Total revenues Other financing sources: Operating transfers in: Education Fund General Fund 1980 School Bond Improvements Capital Projects Fund Total other financing sources Total revenues and other financing sources Expenditures: Debt service: Principal Interest Fiscal agent fees Total expenditures Other financing uses: Operating transfers out: General Fund Other School Projects Capital Projects Fund Total other financing uses Total expenditures and other financing uses Excess of revenues and other financing sources over expenditures and other financing uses Fund balances, July 1, 1980 Fund balances, June 30, 1981 Hospital Bond Debt School Bonds Service Debt Service Fund Fund $ 24,868 $ 24,868 54,620 54,620 29,650 29,650 681,892 73,237 901,198 1,656,327 54,518 1 14,626 14,626 215,000 217,181 1,340 433,521 EXHIBIT C -2 Total $ 24,868 54,620 79,488 681,892 102,887 901,198 1,685,977 1,765,465 215,000 231,807 1,340 448,147 24,892 - 24,892 - 321,608 321,608 24,892 39,518 15,000 210,000 $225,000 -50- 321,608 755,129 955,818 $ 955,818 346,500 794,647 970,818 210,000 $1,180,818 KODIAK ISLAND BOROUGH HOSPITAL BOND DEBT SERVICE FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL For the year ended June 30, 1981 EXHIBIT C -3 Variance - Favorable Budget Actual (Unfavorable) t } Revenues: Revenues from investments and property: Interest income Other financing sources: Operating transfers in: General Fund Total revenues and other financing sources Expenditures: Debt service: Principal Interest Total expenditures Other financing uses: Operating transfers out: General Fund Total expenditures and other financing uses Excess of revenues and other financing sources over expenditures and other financing uses Fund balance, July 1, 1980 Fund balance, June 30, 1981 $10,000 $ 24,868 $ 14,868 29,650 29,650 - 39,650 54,518 14,868 15,000 - 15,000 14,650 14,626 24 29,650 14,626 15,024 10,000 24,892 1( 4,892 39,650 39,518 132 - 15,000 15,000 - 210,000 210,000 $ - $225,000 $225,000 -51- KODIAK ISLAND BOROUGH SCHOOL BONDS DEBT SERVICE FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL For the year ended June 30, 1981 EXHIBIT C -4 Variance - Favorable Budget Actual (Unfavorable) Revenues: Revenues from investments and property: ! Accrued interest received at bond sale $ - $ 54,620 $ 54,620 Other financing sources: Operating transfers in: Education Fund General Fund 1980 School Bond Improvements Capital Projects Fund Total other financing sources Total revenues and other financing sources Expenditures: Principal Interest Fiscal agent fees t Total expenditures Other financing uses: Operating transfers out: Capital Projects Fund Total expenditures and other financing uses Excess of revenues and other financing sources over expenditures and other financing uses Fund balance, July 1, 1980 Fund balance, June 30, 1981 495,735 681,892 186,157 163,688 73,237 (90,451) - 901,198 901,198 433,180 659,423 1,656,327 996,904 659,423 1,710,947 1,051,524 215,000 215,000 217,180 217,181 (1) 1,000 1,340 (340 433,180 433,521 (341) 226,243 321,608 (95,365 659,423 755,129 (95,706 - 955,818 955,818 $ - $ 955,818 $ 955,818 -52- Capital Projects Funds z E i Capital Projects Funds are used to account for finan- cial resources to be used for the acquisition or construction of major capital facilities. The Borough has the following Capital Projects Funds: A. Related to school facility improvements: 1980 School bond improvements Ouzinkie School Larsen Bay School Ouzinkie School electrification Other school facilities B. Related to other (non - school) improvements: Hospital improvements Local service roads and trails Parks and recreation development Utility improvements - Service District 1 In addition, the financial resources of various com- pleted projects of prior years are maintained in a single Capital Project Fund (Dormant Projects) pending ultimate disposition of the remaining balances. ASSETS Cash and investments: Equity in central treasury Other cash balances Temporary cash investments Receivables: Due from Federal government Due from State of Alaska Other accounts receivable: Interest accrued Total assets LIABILITIES AND FUND BALANCES Amount overdrawn on central treasury Accounts and contracts payable, including retainage: Trade accounts Contracts Retainages Accrued liabilities KODIAK ISLAND BOROUGH Total liabilities 255,898 ALL CAPITAL PROJECTS FUNDS Reserved for COMBINING BALANCE SHEET 31,176 Unreserved: June 30, 1981 2( 8,652 Total fund balances Local 2,524 Utility Service Parks and Improvement: Hospital Roads and Recreation (Service Improvements Trails Development District 1) Fund Fund Fund Fund $ - $ - $43,068 $ - 258,422 - - 9,727 - 13,916 - 6,186 $258,422 $13 $43,068 $15,913 $158,219 $13,958 $ - $ 7,364 1,090 1,090 Deferred revenue 96,589 Total liabilities 255,898 Fund balances: Reserved for encumbrances 31,176 Unreserved: Undesignated 2( 8,652 Total fund balances (deficit) 2,524 Total liabilities and fund balances $258,422 -53- 13,958 - 7,364 (42 43,068 8,549 (42 43,068 8,549 $13,916 $43,068 $15,913 EXHIBIT D -1 School Projects' Funds Ouzinkie 1980 Larsen School Other Dormant chool Bond Ouzinkie Bay Electri- School Projects mprovements School School fication Facilities Fund Total ' $ - $ - $ - $513,537 $98,481 $ 655,086 37,412 - - - - - 37,412 12,427,223 - - - - - 12,427,223 - - - 756 - - 268,905 - 127,367 135,309 - 137,195 - 419,973 352,937 - - - - - 352,937 12,817,572 $127,367 $135,309 $ 756 $650,732 $98,481 $14,161,536 1,162,247 $127,367 $135,309 $ 756 $ - $ - $ 1,605,220 - - - - - 1,090 137,224 - - - - - 137,224 21,382 - - - - - 21,382 158,606 - - - - - 159,696 3,000 - - - - - 3,000 - - - - - - 96,589 1,323,853 127,367 135,309 756 - - 1,864,505 1,270,246 - - - 31,463 - 1,332,885 10,223,473 - - - 619,269 98,481 10,964,146 11,493,719 - - - 650,732 98,481 12,297,031 12,817,572 $127,367 $135,309 $ 756 $650,732 $98,481 $14,161,536 i KODIAK ISLAND BOROUGH ALL CAPITAL PROJECTS FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES (DEFICIT) For the year ended June 30, 1981 Continued -54- Local Utility Service Parks and Improvements Hospital Roads and Recreation (Service Improvements Trails Development District 1) Fund Fund Fund Fund Revenues: Intergovernmental: Federal $ 4,383 $ - $ - $ 8,612 State 3,929 11,901 25,317 - Licenses, permits, fees and other local revenue 3,069 - - - Revenues from invest- ments and property - - - - Total revenues 11,381 11,901 25,317 8 Other financing sources: Bond sales proceeds - - - - Operating transfers in - - - 28,888 Total other financing sources - - - 28,888 Total revenues and other financing sources ' 11,381 11,901 25,317 37,500 Continued -54- EXHIBIT D -2 School Projects' Funds Ouzinke 1980 Larsen School Other Dormant fhool Bond Ouzinkie Bay Electr- School Projects nprovements School School ficatien Facilities Fund Total $ - $ - $74,966 $ - $ - $ 87,961 142,666 264,438 113,751 - 562,002 3,069 1,402,036 - - - - 1,402,036 1,402,036 142,666 264,438 74,966 113,751 - 2,055,068 L2,100,000 - - - - 12,100,000 200,000 - - 628,820 - 857,708 L2,300,000 - - - 628,820 - 12,957,708 L3,702,036 142,666 264,438 74,966 742,571 - 15,012,776 KODIAK ISLAND BOROUGH ALL CAPITAL PROJECTS FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES (DEFICIT) (Continued) For the year ended June 30, 1981 -55- Local Utility Service Parks and Improvement. Hospital Roads and Recreation (Service Improvements Trails Development District 1) Fund Fund Fund Fund Expenditures: Capital improvements: General improvements $ - $ - $ - $ - Construction and design: School facilities - - - - Other facilities 8,767 - - 5,000 8,767 - - 5,000 Planning and community development - 13,916 4,220 - General administration - - - - Total expenditures 8,767 13,916 4,220 5,000 Other financing uses: Operating transfers out - - - - Total expenditures and other financing uses 8,767 13,916 4,220 5,000 Excess (deficiency) of revenues and other sources over (under) expenditures and other uses 2,614 (2,015) 21,097 32,500 Fund balances (deficits), July 1, 1980, restated (90 1,973 21,971 23,951) Fund balances (deficit), June 30, 1981 $2,524 $ (42 $43,068 $ 8 -55- EXHIBIT D -2 (Continued) School Projects' Funds '- Ouzinkie 1980 Larsen School Other Dormant chool Bond Ouzinkie Bay Electri- School Projects mprovements School School fication Facilities Fund Total - $ - $ - $74,966 1,196,548 451,209 319,498 - 1,196,548 451,209 319,498 74,966 69,066 - - 1,265,614 451,209 319,498 74,966 942,703 - - 2,208,317 451,209 319,498 74,966 $ 99,863 $ - $ 174,829 124,282 - 2,091,537 - 241 14,008 224,145 241 2,280,374 18,136 - - 69,066 224,145 241 2,367,576 942,703 224,145 241 3,310,279 11,493,719 (308,543) (55,060) - 518,426 (241) 11,702,497 308,543 55,060 - 132,306 98,722 594,534 11,493,719 $ - $ - $ - $650,732 $98,481 $12,297j03 KODIAK ISLAND BOROUGH HOSPITAL IMPROVEMENTS FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE For the year ended June 30, 1981 Revenues: Intergovernmental: Federal, Hill Burton grant program State of Alaska Licenses, permits, fees and other local revenue: Settlement with contractor (less portion due grantor agencies of $56,182) Total revenues Expenditures: Capital improvements: ' Construction and design: Other (non - school) facilities: Hospital repairs and improvements ` Total expenditures Excess of revenues over expenditures Fund deficit, July 1, 1980 Fund balance, June 30, 1981 EXHIBIT D -3 $ 4,383 3,929 3,069 11,381 8,767 8,767 2,614 (90 ) $_2,524 -56- KODIAK ISLAND BOROUGH LOCAL SERVICE ROADS AND TRAILS FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE For the year ended June 30, 1981 Revenues: Intergovernmental: State of Alaska, Department of Transportation Total revenues Expenditures: Planning and community development: Preliminary design - road projects Total expenditures Deficiency of revenues over expenditures Fund balance, July 1, 1980, restated Fund deficit, June 30, 1981 EXHIBIT D -4 $11,901 11,901 13,916 13,916 (2,015) 1 ,973 $ ±12 -57- EXHIBIT D -5 KODIAK ISLAND BOROUGH PARKS AND RECREATION DEVELOPMENT FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE For the year ended June 30, 1981 Revenues: Intergovernmental: k State of Alaska, State Shared Revenues $25,317 i Total revenues 25,317 Expenditures: Planning and community development: Park development costs 4,220 Total expenditures 4,220 Excess of revenues over expenditures 21,097 Fund balance, July 1, 1980, restated 21,971 Fund balance, June 30, 1981 $43,068 -58- EXHIBIT D -6 KODIAK ISLAND BOROUGH UTILITY IMPROVEMENTS (SERVICE DISTRICT 1) FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE For the year ended June 30, 1981 Revenues: Intergovernmental: Federal, Environmental Protection Agency grant $ 8,612 Total revenues 8,612 Other financing sources: Operating transfers from: Road and Utility Improvements (Service District 1) Special Revenue Fund 28,888 Total revenues and other financing sources 37,500 Expenditures: Capital improvements: Construction and design: Other (non - school) facilities: Preliminary study costs 5,000 Total expenditures 5,000 Excess of revenues and other sources over expenditures 32,500 Fund deficit, July 1, 1980 (23, 951) Fund balance, June 30, 1981 $ 8,549 -59- EXHIBIT D -7 KODIAK ISLAND BOROUGH 1980 SCHOOL BOND IMPROVEMENTS FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE For the year ended June 30, 1981 Revenues: Revenues from investments and property: Interest income $ 1,402,036 Total revenues 1,402,036 Other financing sources: Bond sales proceeds 12,100,000 Operating transfers from: General Fund 200,000 Total other financing sources .12,300,000 Total revenues and other financing sources 13,702,036 Expenditures: Capital improvements: Construction and design: School facilities: Akhiok School: Design services $182,176 Other costs 32,524 214,700 Main Elementary School: Site investigation 48,443 Design services 319,709 Construction 241,441 } Other costs 35,545 645,138 East Elementary School: Design services 159,991 Construction 104,083 Other costs 33,096 297,170 Other schools improvement and preliminary design costs 39,540 General administration: Facility coordinator department 69,066 Total expenditures 1,265,614 Continued .o KODIAK ISLAND BOROUGH 1980 SCHOOL BOND IMPROVEMENTS FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE (Continued) For the year ended June 30, 1981 Other financing uses: Operating transfers to: General Fund School Bonds Debt Service Fund Total other financing uses Total expenditures and other financing uses Excess of revenues and other financing sources over expenditures and other financing uses Fund balance, July 1, 1980 Fund balance, June 30, 1981 -61- EXHIBIT D -7 (Continued) $ 41,505 901,198 942,703 2,208,317 11,493,719 $11,493,719 KODIAK ISLAND BOROUGH OUZINKIE SCHOOL FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE For the year ended June 30, 1981 Revenues: Intergovernmental: State of Alaska, Department of Transportation grant Total revenues I Expenditures: Capital improvements: Construction and design: Ouzinkie School Facility: Design services Construction Furnishings Other costs Total expenditures Deficiency of revenues over expenditures Fund balance, July 1, 1980, restated Fund balance, June 30, 1981 EXHIBIT D -8 $ 142,666 142,666 36,964 356,553 42,014 15,678 451,209 (308,543) 308,543 -62- EXHIBIT D -9 KODIAK ISLAND BOROUGH LARSEN BAY SCHOOL FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE For the year ended June 30, 1981 Revenues: Intergovernmental: State of Alaska, Department of Transportation grant $264,438 Total revenues 264,438 Expenditures: Capital improvements: Construction and design: Larsen Bay School Facility: Design services 38,899 Construction 219,126 Furnishings 50,120 Other costs 11,353 Total expenditures 319,498 Deficiency of revenues over expenditures (55,060) { Fund balance, July 1, 1980, restated 55,060 Fund balance, June 30, 1981 $ - Q=om KODIAK ISLAND BOROUGH OUZINKIE SCHOOL ELECTRIFICATION FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE For the year ended June 30, 1981 Revenues: Intergovernmental: State of Alaska, Department of Housing and Urban Development grant Total revenues Expenditures: Capital improvements: Construction and design: Ouzinkie School Facility Electrification Project: Power system costs Total expenditures Excess of revenues over expenditures Fund balance, July 1, 1980 Fund balance, June 30, 1981 EXHIBIT D -10 $74,966 74,966 74,966 74,966 -64- EXHIBIT D -11 KODIAK ISLAND BOROUGH OTHER SCHOOL FACILITIES FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE For the year ended June 30, 1981 Revenues: Intergovernmental: State of Alaska, Department of Transportation grants Total revenues Other financing sources: Operating transfers from: School Bonds Debt Service Fund General Fund Total other financing sources Total revenues and other financing sources Expenditures: Capital improvements: General improvements: Ouzinkie School improvements j Construction and design: Old Harbor School furnishings Port Lions School furnishings Karluk School preliminary work Other Total expenditures Excess of revenues over expenditures Fund balance, July 1, 1980, restated Fund balance, June 30, 1981 $113,751 113,751 321,608 307,212 628,820 742,571 55,544 58,207 9,918 613 124,282 224,145 518,426 132,306 $650,732 -65-