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CAFR FY1987KODIAK ISLAND BOROUGH Kodiak, Alaska Comprehensive Annual Financial Report ' For Year Ended June 30, 1987 Prepared by: Department of Finance Bryce S. Weeks Finance Director KODIAK ISLAND BOROUGH TABLE OF CONTENTS INTRODUCTORY SECTION PAGE BOROUGH OFFICIALS i BOARDS AND COMMITTEES MAP OF KODIAK ISLAND BOROUGH ORGANIZATIONAL CHART iv LETTER OF TRANSMITTAL v FINANCIAL SECTION EXHIBIT REPORT OF CERTIFIED PUBLIC ACCOUN 1 COMBINED FINANCIAL STATEMENTS Combined Balance Sheet - All Fund Types and Account Groups A 3 Combined Statement of Revenues, Expenditures and Changes in Fund Balances - All Governmental Fund Types B 7 Combined Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - General Fund, Special Revenue Funds and Debt Service Funds C 9 Statement of Revenues, Expenses and Changes in Retained Earnings - Proprietary Fund Type - Enterprise Funds D 11 Statement of Changes in Financial Position - Proprietary Fund Type - Enterprise Funds E 12 Notes to Combined Financial Statements 13 SCHEDULE COMBINING, INDIVIDUAL FUND AND ACCOUNT GROUP FINANCIAL STATEMENTS GENERAL FUND: Balance Sheet 1 30 Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance - Budget and Actual 2 31 Statement of Expenditures and Transfers - Budget and Actual 3 34 I KODIAK ISLAND BOROUGH TABLE OF CONTENTS (Continued) II SCHEDULE PAGE SPECIAL REVENUE FUNDS: Combining Balance Sheet 4 49 Combining Statement of Revenues, Expenditures, Transfers and Changes in Fund Balances (Deficits) 5 51 Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual: Land Sales 6 53 Fire and Road Service Districts: Fire: Area 1 7 54 Women's Bay 8 55 Road: Monashka Bay 9 56 District 1 10 57 Women's Bay 11 58 Bay View Road Service District 12 59 Federal and State Grant Programs: Federal Revenue Sharing 13 60 Mental Health Center 14 61 Energy 15 63 Day Care 16 64 Education 17 65 Building and Grounds 18 67 DEBT SERVICE FUNDS: Combining Balance Sheet 19 68 Combining Statement of Revenues, Expenditures and Changes in Fund Balance 20 69 Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual: Hospital 21 71 School Bonds 22 72 Other Debt Service 23 73 CAPITAL PROJECTS FUNDS: Combining Balance Sheet 24 74 Combining Statement of Revenues, Expenditures and Changes in Fund Balances 25 76 Schedule of Capital Projects 26 78 II KODIAK ISLAND BOROUGH TABLE OF CONTENTS (Continued) III SCHEDULE PAGE PROPRIETARY FUND TYPE - ENTERPRISE FUNDS: Combining Balance Sheet 27 80 Combining Statement of Revenues, Expenses, and Changes in Retained Earnings 28 82 Combining Statement of Changes in Financial Position 29 84 Water and Sewer: Balance Sheet 30 88 Statement of Revenues, Expenses and Changes in Retained Earnings - Budget and Actual 31 90 Statement of Changes in Financial Position 32 92 Hospital: Balance Sheet 33 93 Statement of Revenues, Expenses and Changes in Fund Equity 34 94 Statement of Changes in Financial Position 35 95 TRUST AND AGENCY FUNDS: Combining Statement of Changes in Assets, Liabilities and Fund Balances 36 96 GENERAL FIXED ASSETS ACCOUNT GROUP: Statement of General Fixed Assets by Source 37 97 Statement of General Fixed Assets by Function and Activity 38 98 Statement of Changes in General Fixed Assets by Function and Activity 39 100 GENERAL LONG -TERM DEBT ACCOUNT GROUP: Statement of General Long -Term Debt 40 101 III KODIAK ISLAND BOROUGH TABLE OF CONTENTS (Continued) IV Ill PAGE STATISTICAL SECTION TABLE Statistical Tables: General Governmental Expenditures and Other Uses by Function - Last Ten Fiscal Years 1 103 General Revenues by Source - Last Ten Fiscal Years 2 104 Property Tax Levies and Collections - Last Ten Fiscal Years 3 105 Assessed and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years 4 106 Property Tax Rates - All Overlapping Governments - Last Ten Fiscal Years 5 107 Ten Largest Taxpayers 6 108 Ratio of Net General Bonded Debt - Last Ten Fiscal Years 7 109 Computation of Direct and Overlapping Debt 8 110 Computation of Legal Debt Margin 9 111 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General Expenditures - Last Ten Fiscal Years 10 112 Demographic Statistics - Last Ten Fiscal Years 11 113 Salaries and Surety Bonds of Principal Officials 12 114 Summary of Debt Service Requirements to Maturity 13 115 General Obligation Bonds Outstanding: Elementary School Building, Series 1967 13a 116 School Refunding Bonds, Series 1974B 13b 117 School Improvements, Series 1980A 13c 118 School Improvements, Series 1984B 13d 119 School Improvements, Series 1986 13e 120 School Refunding Bonds, Series 1974 Of 121 Property Value, Construction and Bank Deposits - Last Ten Fiscal Years 14 122 Miscellaneous Statistical Data 15 123 IV Ill BOROUGH OFFICIALS Kodiak Island Borough Year Ended June 30, 1987 BOROUGH ASSEMBLY Eric Blankenburg '87 Ken Gregg '88 Jack L. McFarland '87 Ann Barker '89 Lorne "Lonnie" White '87 (Chairman) Wayne Stevens '89 Alan Austerman '88 BOROUGH MAYOR Jerome M. Selby '87 Charles E. "Bud" Cassidy . ............................••. Resource Management Officer David C. Crowe ...................... ............................... Borough Engineer Pamela Delys- Baglien .......... ............................... Mental Health Director Mickey Duros ..................•.••.. ..•.........................••• Purchasing Agent Linda L. Freed ..................... .........................•••••• Planning Director James Gingerich ............... ............................... Hospital Administrator Wayne D. Haerer ................... ............................... Assessor /Appraiser Jamin, Ebell, Bolger, Gentry ..................... (Contracted Firm) Borough Attorney Robert McFarland .............. ............................... Facilities Coordinator Perry L. Page ................ ............................... Data Processing Manager Jerome M. Selby .................... .........................•••••• Personnel Officer Earl A. Smith ............................................................ Fire Chief Noreen Thompson ...... ............................... Superintendent, School District Gaye Vaughan ........................... ............................... Borough Clerk Bryce S. Weeks ............ ............................... Finance Director /Treasurer i KODIAK ISLAND BOROUGH Kodiak, Alaska Boards and Committees Year ended June 30, 1987 Hospital Advisory Board (7) Ben Ardinger *Wilton White William C. Hogan Gretchen Saupe Betty Springhill Dr. Kevin Creelman Ann Barker Mental Health Center Advisory Board (9 *Jane Nuttall Maureen H. Eberhardt Wayne Stevens Josefina Barber Barbara Popken Frances Cater Margaret Lackman Guy Powell Ann Farnsworth Monashka Bay Road Service District Advisory Board (5 Roxy Bringgold *Bill Swearingin Vacant Dan Ogg Ilva Fox Fire Protection Area #1 Advisory Board (5 *Scott Arndt Bill Swearingin Horace Simmons Barbara Swearingin Sid Cozart Kodiak Sanitary Landfill Committee (8) Lt. Cmdr. Lance Bryson Norman Wooten David Crowe *Phil Anderson Jim Ramaglia Herman Beukers Fred Patterson Eric Blankenburg ii -1 Personnel Advisory Board (5 Mary McFarland *Marlys Buzby Walter Sapp Carol Smothers Pat Szabo Citizen Board of Equalization (5 Rick Brush *Jack Mann Joan Hughes Norman Sutliff Kyle Taylor Jim Ashford, Alternate Parks and Recreation Committee (12 *Jim Cobis Lisette Alvarez Maureen Butler Lisa T. Dunn Robin Parker Patrick Vaughan Alan Austerman Mary Lou Knudsen Ian Fulp Ed Apperson Judy Fulp Susan Jeffrey Planning and Zoning Commission (7) Michael W. Anderson Robin Heinrichs Tom Hendel D.L. Smedley Mary Lou Knudsen *Steve Rennell Scott Thompson 1; I i Data Processing Steering Committee (5 Perry Page *Jerome M. Selby John Witteveen Joyce Healy Ann Hutcheson ' Service District No. 1 Advisory Board (7 Earl Smith Patricia Szabo ' Okey Chandler Jim Fisk *Scott Arndt ' i Tony Perez Ed Van Fleet Kodiak Island Transportation Study ' Steering Committee (KITS) (5 John Pugh Alan Austerman Al Cratty Jerome Selby Sam Gesko, Jr. Building Code Board of Ap _pea (7 ) Robin Heinrichs Joann Hall Arthur Bors *Reed Oswalt Cliff Ford Robert Hull Roger Lackman S School Board (8) Judy Fulp ' Suzanne Hancock Alice Knowles Dennis Murray *Gary Stevens Ann Hutcheson Les Anderson Ken Gregg * Indicates Chair ii -2 Outer Continental Shelf Advisory Council (17 Alvin Burch Duke Delgado Lt. Sam Bromley Reed Oswalt Jeffrey Stephan *Hank Pennington Mark Buckley Timothy Ward Jeff Allen Kathryn Kinnear Linda Freed, Planning Director Vacant (6) Women's Bay Service Distri Advisory Board (7) William G. Williams Ed Gondek James Cobis Richard C. Perkins *Wayne Berry Robert Tarrant John Burt Architectural Review Board (11) Bill Beaty Arthur Bors *Wayne Coleman Cliff Ford Robin Heinrichs Joann Hall Suzanne Hancock Eric Blankenburg John Witteveen Jerome Selby Reed E. Oswalt F+ F+ F+ STATE OF ALASKA ELECTORATE HOSPITAL ADVISORY BOARD (APPOINTED BY ASSEMIOM HOSPITAL ADMINISTRATOR W C HOSPITAL STAFF F I N BOROUGH ATTORNEY CITIZENS ADVISOR) (APPOWTED BY ASSEMBLY) PERSONNEL BOARD ARCHITECTURAL REVIEW PARKS AND RIMATIDM BOARD OF EDUALRATION MENTAL HEALTH CENTER ECONOMIC DEVELOPMENT OCS ADVISOIW COUNCIL &ELDING CODE BOARD OF APPEALS KITS COMMITTEE MAYOR (ELECTED) SERVICE DISTRICT ADVISORY BOARDS (ELECTED) MDNASHKA BAY ROAD SERVICE DISTRICT WOMENS BAY ROAD SERVICE /FIRE DISTRICT SERVICE DISTRICT NMI -ROAD, WATER, SEWER FIRE DISTRICT NO, I -(BAYVIEW) SCHOOL. BOARD (ELECTED) SUPERINTENDENT OF SCHOOLS SCHOOL STAFF BUILDING GENERAL COMMUNITY FACILITIES ENGINEERING FINANCE DATA ASSESSING MENTAL CENTER DEVELOPMENT COORDINATOR SERVICES HEALTH INSPECTOR ADMNNISTRATION DEPARTMENT DEPARTMENT DEPARTMENT DEPARTMENT DEPARTMENT DEPARTMENT BOROUGH ASSEMBLY {ELECTED) a j Q o _ a a s November 18,987 To the Honorable Borough Mayor and Borough Assembly Kodiak Island Borough Kodiak, Alaska 710 MILL BAY ROAD KODIAK, ALASKA 99615 -6340 PHONE (907) 486 -5736 The Annual Financial Report of the Kodiak Island Borough (Borough), Kodiak, Alaska for the fiscal year ended June 30, 1987 is submitted herewith. ACCOUNTING SYSTEM AND REPORTS The Borough's accounting records for general government operations are ' maintained on a modified accrual basis, with the most important revenues being recorded when earned and expenditures being recorded when incurred. Accounting records for the Borough's utilities and other enterprise funds are maintained on a full accrual basis. This report has been structured and compiled along the guidelines laid down by the Governmental Accounting j Standards Board (GASB). ' The Government Finance Officers Association of the United States and Canada (GFOA) awards a Certificate of Achievement for Excellence in Financial Reporting to those governments that meet their high standards of financial accounting and reporting. Copies of this report will be submitted to that body for their critical review. GENERAL GOVERNMENTAL FUNCTIONS Only the General Fund of the Kodiak Island Borough is considered in the following explanation of general governmental functions. Revenues for ' general governmental functions totaled $4,992,032 and operating transfers were $57,090. This was an increase of $699,900 over 1986. General pro- perty taxes produced 43.8% of general revenues compared with 47.3% in ' 1986. The amount of revenues from various sources and the increase or decrease over last year are shown in the following tabulation: Kodiak IslandBorough I v I � I � Revenue source and other Amount financing sources (thousands Property taxes $2,188.7 Licenses and permits 138.1 Intergovernmental revenue 2,114.4 Charges for services 101.9 Miscellaneous 448.9 Operating transfers 57.1 $5,049.1 Increase (decrease) Percent over 1986 of total (thousands) 43.35% $ 123.3 2.73 90.6 41.88 (163.3) 2.02 18.1 8.89 555.6 1.13 3.4 100.00 $ 627.7 Assessed property valuation of $404.8 million represented a decrease of .04% over the preceding year. The assessed value at January 1, 1987 relating to the fiscal year 1988 is $425.9 million, an increase over the prior year of 5.21 %. As part of the statistical section of this report, there is reported the tax collection experience for the immediate past ten years. It should be noted that the rate of delinquency remains extremely low. Expenditures and transfers for general governmental purposes totaled $5,123,941, an increase of 12.6% over 1986. Changes in levels of expen- ditures for major General Fund functions of the Borough over the preceding year are shown in the following tabulation: Increase (decrease) Func tion General government Public safety Public works Health and sanitation Education Conservation and development Operating transfers Amount Percent over 1986 (thousands of total (thousands) $1,476.5 28.8% $ 90.6 86.3 1.7 9.5 184.2 3.6 28.7 499.9 9.7 (3.6) 154.3 3.0 (238.6) 342.5 6.7 2,380.2 46.5 83.4 602.7 $5,123.9 100.0 $ 572.7 The fund balance of the General Fund continues to undergo a critical periodic review. Planned drawdowns have been budgeted and executed by tax reduction and transfers to other funds to keep the fund balance adequate and reasonable. As a result of these actions, the following table reflects fund balance at the close of the fiscal years ended June 30: V-1 1981 $3,293,670 1982 5,478,183 1983 2,684,707 1984 2,742,239 1985 2,661,914 1986 2,532,100 1987 2,475,747 CAPITAL IMPROVEMENTS FUND This fund has shown considerable growth in recent years which closely parallels that of the population increase and their desire for expanded facilities and services. A listing of all capital improvement projects, at various stages of completion, are delineated in Schedule 26. The revenues to support the capital projects were provided by a variety of sources, the most significant being school bonds of $38.93 million in the 1980's. These bonds were issued in four increments of $12.1 million in August 1980, $7.4 million in June 1984, $9.5 million in May 1985 and $9.93 million in June 1986. Equally important, but of a lesser concern to the average citizen, are the many millions of dollars from the State of Alaska for a variety of capital projects. Many of these capital projects were fully funded by the State. LAND SALES FUND The Borough has some 56,000 acres of land in various stages of reversion from the Federal government to the State to the Borough and, ultimately, for sale to individuals. Ten land sales have previously been held. No additional sales are planned for fiscal 1988. DATA SERVICES In September 1983, an IBM System /38 was purchased and installed by the Kodiak Island Borough to replace its then existing IBM System /34. The existing IBM /38 configuration is: 5381 CPU 2MB 3370 Storage 2MB 3411 Magnetic Tape Unit 3262 Printer 5225 Printer (2) 5256 Printer (High School) 5218 Printer (Clerk) 5251 Display Station (7) 5291 Display Station (4) 5291 PC /Display Station (4) 5292 PC /Display Station (2) 5224 Printer (Shipping /Receiving) v -2 I � I Several IBM PCs were purchased and are used in a dual purpose, as a stan- dalone computer and as a terminal connected to the IBM System /38. A UPS (uninterruptable power supply) was purchased and installed to pro- vide backup electrical power in case power is lost. This will ensure that there are no problems with the computer hardware or with the data files due to loss of power. Data services equally serve the Borough departments and the Kodiak Island Borough School District. Existing application: Borough Payroll Utility Billing System Financial Accounting System Property Tax Land Sale Labels - Letters Text Management Future Applications: Borough Data Processing Job New Fixed Assets System Assessor's Appraisal System School District Maintenance System Financial System Payroll System Fixed Assets Inventory School Reporting System School District Preventive Maintenance Integrated Financial System The Data Processing Department is now staffed with three positions; a manager, a programmer and an operator. GENERAL FIXED ASSETS The general fixed assets of the Borough are those fixed assets used in the performance of general governmental functions and exclude the fixed assets of utility and other enterprise funds. Depreciation is not recognized in the Borough's accounting system other than in the enterprise funds. The accountability for fixed assets of the Borough has been greatly facil- itated by the use of the computer programs. Currently, all fixed asset records are maintained on an IBM PC and hopefully will become part of the integrated system in the near future. DEBT SERVICE FUND This fund was established to finance and account for the payment of prin- cipal and interest on all general obligation debt other than that which is payable exclusively from special assessments and revenue debt issued for and serviced by a governmental enterprise. ' v -3 ' A year by year comparison is somewhat meaningless, without study, as some years' records include refunds of unearned premiums of years past while others do not, etc. I believe it suffices to say that we are talking big dollars. The Assembly and staff are currently working on identification ' of risks as an ongoing item so that appropriate management action may be taken to minimize cost where possible. ' CASH MANAGEMENT AND INVESTMENTS The Borough treasurer operates as the central treasurer for all Borough, ' School District and Mental Health Center monies. A cash pool concept is maintained whereas all funds are self - balancing unique entities and each fund has its own cash account which may on occasion show a "book overdraft" while others have an excess of cash. In this manner, the ' Borough is able to fully invest all idle funds without creating a "bank overdraft." v -4 DEBT ADMINISTRATION ' The Statutes of the State of Alaska and the Code of the Kodiak Island Borough do not establish a legal debt margin. Our debt capacity is deter- mined by a vote of the electorate and ultimately by the marketplace when i bonds obligation b is attempted to be laced. The Borough's general g debt p p are rated as follows: Moody's Standard Investors Service and Poors I General obligation bonds BAA -1 BBB General obligation refunding bonds BAA -1 AAA General obligation variable rate 1984 MIG-1 General obligation variable rate 1986 AA + /A -1+ t INSURANCE - RISK MANAGEMENT Risk management is a term used to describe all management activities ' directed toward the control of risks. The methods used to establish this control are: ! - Identification of risks , - Measurement of risks - Elimination of or control of risks - Self- assumption of certain risks through formal funding ' - Transferring risks through the purchase of insurance Insurance premium costs are no longer a minor expenditure item for the Borough. In recent years, insurance premium costs have risen and are now in excess of a million dollars annually. ' A year by year comparison is somewhat meaningless, without study, as some years' records include refunds of unearned premiums of years past while others do not, etc. I believe it suffices to say that we are talking big dollars. The Assembly and staff are currently working on identification ' of risks as an ongoing item so that appropriate management action may be taken to minimize cost where possible. ' CASH MANAGEMENT AND INVESTMENTS The Borough treasurer operates as the central treasurer for all Borough, ' School District and Mental Health Center monies. A cash pool concept is maintained whereas all funds are self - balancing unique entities and each fund has its own cash account which may on occasion show a "book overdraft" while others have an excess of cash. In this manner, the ' Borough is able to fully invest all idle funds without creating a "bank overdraft." v -4 7 The Borough investment policy is far more restrictive than many govern- ments. The parameters in which we operate are as defined in Title 3, Chapter 4, of the Borough Code. Basically, it states that we invest only in high grade securities that are fully collateralized. Further, the collateral is to be held by a third party bank. Cash management is a strong point of your current treasurer. Monies, naturally, cannot be invested until received and deposited. As simple as this is, few in government stress this point. It was only a few years ago that several years of unpaid taxes was not the exception. The forms were not prepared and submitted promptly for drawdowns on State grants and other receivables were handled in a like manner. All accounts of the Borough are now relatively current and proper monitoring procedures are in place for timely receipt of any amounts due. All funds are deposited daily and intact and any idle funds are invested on the following day. The Kodiak Island Borough has large sums of idle cash on a daily basis. This is not to say that the Borough assesses and collects more tax than it needs or floats bond issues when not necessary or things of that nature. It is to say that due to the size and complexity of government, it is necessary to have adequate funding in place to accomplish the assigned tasks. INVESTMENT EARNINGS The amount of idle public funds available for investment during the year ranged from a low of approximately $23 million to slightly over $26 million. Interest yields realized on the investments we had placed ranged from a low of 4.75% for overnights (repurchase agreements) to a high of 7.7%. We closed out the year with investment earnings of $1,885,000. INDEPENDENT AUDIT The Borough Code requires an annual audit to be made of the books of account, financial records, and transactions of all administrative depart- ments of the Borough by a certified public accountant selected by the Borough Assembly. This requirement has been complied with and the audi- tor's opinion has been included in this report. RETIREMENT FUNDS The State of Alaska has during the past year, developed a plan entitled the Retirement Incentive Program (RIP). The plan has certain amenities for early retirement dependent upon employee's age, years of service, etc. Some teachers and other employees have opted for early retirement. The objective of the state plan is to cut payroll costs at state and political sub - division levels and replace those retired with a person in an entrance level salary and, in some cases, abolish the position. There is a minimal cost to buy into the program which should be recovered in a year to a year and a half. The Assembly and School Board elected to cover their eligible employees in this program and funds have been provided for this purpose. J v- 5 ' � I ' Unfunded pension liabilities represent one of the most significant finan- cial problems that face many cities and counties of America today. Your Borough staff, being acutely aware of this, has initiated legislation that t has been adopted by the Assembly to preclude this from being a problem that we will face in the future. The actuarial value of PERS past service costs of the Borough have been previously paid and the current contribu- tion rate includes a negative component for past service costs (which ' reduces the current contribution rate). The School District anticipates paying the actuarially computed value of their PERS past service costs and has budgeted for the expenditure during the year ended June 30, 1988. PROSPECTS FOR FISCAL YEAR 1988 t The Assembly of the Kodiak Island Borough has again adopted a balanced budget for fiscal year 1988. This has been our policy for several years. In recent years, we have adopted and executed a budget that is balanced by drawing down on the fund balance, in particular, the General Fund. In I ' this manner, the Borough continues to have the resources available to do the tasks assigned without an unusually high fund balance at year end. This has resulted in holding the line and, in most cases, reducing the amount of property tax assessment needed. Starting in 1981 and continuing have been our efforts to collect those taxes and other receivables due to the Borough promptly, thus negating the need to assess and collect addi- tional monies from those who pay promptly. At fiscal year end, uncollected taxes of all prior years were only some $49,000 as contrasted to over a million dollars in 1981. No plans have been formalized to ask the electorate to approve any future bond issue. Some plans for possible bonding are in their infancy. The State has granted the Borough nearly $2 million for design and construc- tion of a new hospital. Revenue bonds may be necessary to meet the addi- tional funding requirements for this project. Ideally, the necessary funds will come through another capital grant from the State or a com- bination of grant and revenue bond proceeds. The economy of Kodiak remains very healthy. We are in another good fishing season and, while not as strong as a few years ago, preliminary reports tend to suggest this will be another banner year. ACKNOWLEDGEMENTS I wish to express my appreciation to all the members of the finance department for their efficient and dedicated service during the past year. I wish to thank your office and the members of the Borough Assembly for their interest in and support of the planning and conducting of the finan- cial operations of the Borough in a responsible and progressive manner. Respectfully submitted, ' Bryce S. Weeks Director of Finance v -6 EM Ernst &Whinny Suite 601 301 W. Northern Lights Boulevard Anchorage, Alaska 99503 Office: 907/279 -1411 Direct dial: The Honorable Mayor and Borough Assembly Kodiak Island Borough We have examined the combined financial statements of the Kodiak Island ' Borough (Borough) at June 30, 1987 and for the year then ended (Exhibits A through E), as listed in the 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 pro- cedures as we considered necessary in the circumstances. The financial ' statements of the Kodiak Island Borough Hospital, a component unit of the Kodiak Island Borough, have been examined by other independent auditors; ' insofar as our opinion on the combined, combining, individual fund and account group financial statements relates to data included for the Kodiak Island Borough Hospital, it is based solely on their report. The state - ' ments of the Kodiak Island Borough Hospital show assets and revenues that comprise 35% and 89%, respectively, of the Proprietary Fund Type Enterprise Funds. The financial statements other than the general fixed asset account group of the Kodiak Island Borough for the year ended June ' 30, 1986 were examined by other auditors whose opinion dated September 26, 1986 expressed an unqualified opinion on the examined statements prior to restatement. In our opinion, based on our examination and the report of the other inde- pendent auditors, the combined financial statements referred to above ' present fairly the financial position of the Kodiak Island Borough at June 30, 1987 and the results of its operations, and the changes in financial position of its proprietary fund types for the year then ended, in confor- mity with generally accepted accounting principles applied on a basis con- ; sistent with that of the preceding year. i We also reviewed the adjustments described in Note 7 that were applied to ' restate the general fixed asset account group at June 30, 1986. In our opinion, such adjustments are appropriate and have been properly applied to the 1986 general fixed asset account group. 1 ,I I I Ernst & Whinney I Our examination was made for the purpose of forming an opinion on the com7- bined financial statements taken as a whole. The combining, individual I I fund and account group financial statements (Schedules 1 through 40), as listed in the table of contents, are presented for purposes of additional analysis and are not a required part of the combined financial statements of the Kodiak Island Borough. The information in Schedules 1 through 40 has been subjected to the auditing procedures applied in the examination of the combined financial statements and, in our opinion, based on our examination and the report of the other independent auditors, is fairly stated in all material respects in relation to the combined financial statements taken as a whole. Statistical tables and data listed in the "Statistical Tables" of the accompanying table of contents were not audited by us and, accordingly, we do not express an opinion on them. 4 1t-� V(- Anchorage, Alaska November 18, 1987 I I I I I I 2 KODIAK ISLAND BOROUGH COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS June 30, 1987 See accompanying notes. 3 Governmental Fund Types Special Debt Capital ASSETS General Revenue Service Projects Current assets: Equity in central treasury $ - $2,159,067 $ 144,215 $ 3,304,191 Temporary investments 4,502,444 2,068,379 6,221,603 9,784,936 Other cash balances 1,700 35,220 1,462,905 - Investment in deferred compensation plan - - - - Receivables: State of Alaska 988,582 488,698 244,517 413,882 Federal government - - - - Property taxes, net of allowance for uncollec- tibles of $11,200 in 1987 and $14,974 in 1986 2,028,235 - - - Land sales contracts, due within one year - 297,696 - - Other 101,732 215,556 95,236 632,751 Due from other funds - - - 52,023 Inventories - 225,172 - - Prepaids 66,142 330,913 - - Restricted assets: Equity in central treasury - - Temporary investments - Accrued interest receivable - - Land sales contracts receiv- able, due after one year - 2,090,860 - - Receivable from State of Alaska - - - - Long -term receivable from Lutheran Hospitals and Homes Society of America - - - - Borough designated investment - - - Amount available to service long -term debt in Debt Service Funds - - - - Amount to be provided to service long -term debt - - - - Fixed assets in service - - - - Accumulated depreciation - - - - Construction work in progress $7,688,835 $7,911,561 $8,168,476 $14,187,783 See accompanying notes. 3 EXHIBIT A Proprietary Fiduciary Fund Type Fund Type Agency Enterprise Funds Account Groups General General Long - Fixed Assets Term Debt Totals (Memorandum Only) 1987 1986 $ 160,839 $ - $ - $ - $ 5,768,312 $ 5,508,347 - 22,577,362 24,546,854 - 104,984 - - 1,604,809 2,594,379 - 356,886 - - 356,886 238,093 _ _ - - 2,135,679 1,452,843 - 344,845 2,028,235 1,769,983 _ - - - 297,696 251,261 1,585,051 2,361 - - 2,632,687 2,741,313 _ _ - - 52,023 78,440 146,244 - - - 371,416 358,990 - - - - 397,055 42,135 119,057 - - - 119,057 - 750,000 - - - 750,000 3,850,000 - - - - - 7,042 - - - - 2,090,860 2,112,705 220,000 - - - 220,000 - 1,118,000 - - - 1,118,000 820,000 760,134 - - - 760,134 - 15,922,764 - (2,459,917) - 3,328,506 - $21,650,678 $464,231 65,873,430 681,445 7,423,507 19,010,291 $26,433,798 7,423,507 7,905,436 19,010,291 23,263,443 81,796,194 75,592,577 (2,459,917) (2,029,581) 4,009,951 2,351,338 $153,060,237 $153,800,443 4 KODIAK ISLAND BOROUGH COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS (Continued) June 30, 1987 LIABILITIES AND FUND EQUITIES Liabilities: Bank overdraft Advance from central treasury Accounts payable Retainage payable Salaries payable Payroll taxes and employee benefits Other accrued liabilities Customer deposits Deferred and unrealized revenues Deferred compensation Due to other funds Due to student organizations Payable from restricted assets: Advance from central treasury Contracts payable Retainage payable Unearned grant receipts Accrued annual leave General obligation bonds payable Environmental Protection Agency loan Total liabilities Fund equities: Contribution in aid of construction Investment in general fixed assets Retained earnings Fund balance: Reserved: Encumbrances Fuel inventory Unreserved: Designated: Working capital Subsequent year expenditures Undesignated Total fund equities 5,213,088 4,593,606 744,969 2,780,179 40,376 177,377 - 2,904,397 - 72,166 - - 1,250,000 - - - 1,185,371 327,203 7,423,507 8,503,207 - 2,741,209 - - 2,475,747 3,317,955 7 ,423,507 11,407,604 $7,688,835 $7,911,561 $8,168,476 $14,187,783 See accompanying notes. 5 Governmental Fund Types Special Debt Capital General Revenue Service Projects 3,157,151 549,331 744,969 616,280 27,440 128,930 - 468,721 - - - 297,445 - 779,072 - - 36,982 615,550 - - 1,315 - - - - 300 - - 1,990,200 2,468,619 - 1,397,733 - 51,804 - - 5,213,088 4,593,606 744,969 2,780,179 40,376 177,377 - 2,904,397 - 72,166 - - 1,250,000 - - - 1,185,371 327,203 7,423,507 8,503,207 - 2,741,209 - - 2,475,747 3,317,955 7 ,423,507 11,407,604 $7,688,835 $7,911,561 $8,168,476 $14,187,783 See accompanying notes. 5 EXHIBIT A (Continued) Proprietary Fiduciary Totals Fund Type Fund Type Account Groups (Memorandum Only) Agency General General Long - Enterprise Funds Fixed Assets Term Debt 1987 1986 $ 9,710 $ - $ - $ - $ 9,710 $ 83,404 2,601 - - - 5,070,332 3,103,723 54,994 6,005 - - 686,090 1,021,473 - - - - 297,445 379,331 191,523 - - - 970,595 992,618 - - - - 652,532 506,883 25,775 - - - 27,090 168,327 10,506 - - - 10,806 7,020 - - - - 5,856,552 6,124,746 - 356,886 - - 356,886 238,093 - 219 - - 52,023 78,440 - 101,121 - - 101,121 74,183 - - - - - 1,697,440 364,472 - - - 364,472 128,157 146,449 - - - 146,449 149,110 3,364 - - - 3,364 1,405,859 - - - 144,215 144,215 128,879 - - - 25,925,000 25,925,000 30,665,000 - - - 364,583 364,583 375,000 809,394 464,231 - 26,433,798 41,039,265 47,327,686 16,845,592 - - - 16,845,592 14,859,855 - - 66,554,875 - 66,554,875 60,952,813 3,995,692 - - - 3,995,692 3,583,570 - - - - 3,122,150 4,513,764 - - - - 72,166 62,098 - - - - 1,250,000 900,000 - - - - 17,439,288 17,981,732 - - - - 2,741,209 3,618,925 20,841,284 - 66,554,875 - 112,020,972 106,472,757 $21,650,678 $464,231 $66,554,875 $26,433,798 $153,060,237 $153,800,443 0 KODIAK ISLAND BOROUGH COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUND TYPES Year ended June 30, 1987 Revenues: Property taxes Intergovernmental: State sources Federal sources Land sale proceeds Licenses, permits, fees and other local revenues Investments and property Total revenues Expenditures: Current: Borough Assembly Mayor's department Clerk's department Finance department Legal department Assessment department Community development department Engineering department Health and sanitation Data services Resource management General administration Building inspector's department Emergency preparedness Community and regional affairs liaison Facilities coordinator department Education support Economic development Capital improvements: General Service district maintenance Debt service Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Proceeds of bond sales Environmental Protection Agency loan Operating transfers from other funds Operating transfers to other funds Net other financing sources (uses) Excess (deficiency) of revenues and other financing sources over expenditures and other financing uses Fund balance at beginning of year Adjustment to reserve for fuel inventory Residual equity transfer Fund balances at end of year Special Debt General Revenue Service $ 2,188,750 $ 195,903 $ - 2,111,165 18,254,548 - 3,118 621,078 - - 493,230 - 138,151 657,087 - 550,848 475,636 430,891 4,992,032 20,697,482 430,891 46,584 - - 122,886 - - 154,011 - - 204,855 - - 62,876 - - 160,839 - - 218,570 9,579 - 134,126 - - 499,930 1,291,262 - 277,410 - - 53,324 - - 442,421 807,018 - 64,629 - - 21,656 - - 4,613 - - 50,071 - - 154,330 15,161,996 - 70,637 - - - 45,832 - - 96,425 - - - 6,537,801 2,743,768 17,412,112 6,537,801 2,248,264 3,285,370 (6,106,910 57,090 2,243,662 5,638,299 (2,380,173 (6,543,770 (13,318 (2,323,083 (4,300,108 5,624,981 (74,819) (1,014,738) (481,929) 2,532,100 4,322,625 7,905,436 - 10,068 - 18,466 - - $ 2,475,747 L3,317,955 $ 7,423,507 See accompanying notes. 7 I I EXHIBIT B 8,491,091 34,611,496 34,186,356 - Totals 47,386 - (Memorandum Only) Capital - 154,011 Projects 1987 1986 $ - $ 2,384,653 $ 2,227,944 6,419,199 26,784,912 27,841,331 311,639 935,835 1,043,159 - 493,230 535,223 1,007,293 1,802,531 957,058 752,960 2,210,335 1,581,641 8,491,091 34,611,496 34,186,356 - 46,584 47,386 - 122,886 133,634 - 154,011 152,970 - 204,855 199,094 - 62,876 100,411 - 160,839 195,493 - 228,149 264,248 - 134,126 72,627 - 1,791,192 1,776,733 - 277,410 265,957 - 53,324 53,286 - 1,249,439 760,120 - 64,629 73,119 - 21,656 3,678 - 4,613 2,447 - 50,071 82,872 - 15,316,326 16,424,298 - 70,637 - 10,376,589 10,422,421 9,049,645 - 96,425 135,062 - 6,537,801 6,807,562 10,376,589 37,070,270 36,600,642 (1,885,498 (2,458,774 (2,414,286 - - 9,668,184 - - 375,000 1,411,109 9,350,160 10,059,930 (415,899 (9,353,160 (10,059,930 995,210 (3,000 10,043,184 (890,288) (2,461,774) 7,628,898 12,316,358 27,076,519 19,457,523 - 10,068 (9,902) (18,466 - - $11,407,604 $24,624,813 $ 27,076,519 8 KODIAK ISLAND BOROUGH COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - GENERAL FUND, SPECIAL REVENUE FUNDS AND DEBT SERVICE FUNDS Year ended June 30, 1987 Revenues: Property taxes Intergovernmental: State sources Federal sources Land sale proceeds Licenses, permits, fees and other local revenues Investments and property Total revenues Expenditures: Current: Borough Assembly Mayor's department Clerk's department Finance department Legal department Assessment department Community development department Engineering department Health and sanitation Data services Resource management General administration Building inspector's department Emergency preparedness Community and regional affairs liaison Facilities coordinator department Education support Economic development Capital outlay: Capital improvements Debt service: Principal Interest Fiscal agent fees Other Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Operating transfers from other funds Operating transfers to other funds Net other financing sources (uses) Excess (deficiency) of revenues and other financing sources over expen- ditures and other financing uses Fund balance at beginning of year Adjustment to reserve for fuel inventory Risidual equity transfer Fund balances at end of year U�l General Fund Special Revenue Funds Variance Favorable Budget Actual ( Unfavorable ) Budget Actual $ 2,181,410 $ 2,188,750 $ 7,340 $ 175,705 $ 195,903 1,904,940 2,111,165 206,225 18,749,210 18,254,548 2,310 3,118 808 899,670 621,078 - - - 450,900 493,230 86,550 138,151 51,601 692,593 657,087 325,050 550,848 225,798 445,780 475,636 4,500,260 4,992,032 491,772 21,413,858 20,697,482 46,350 46,584 (234) - - 128,240 122,886 5,354 - - 158,930 154,011 4,919 - - 208,470 204,855 3,615 - - 130,500 62,876 67,624 - - 195,100 160,839 34,261 - - 224,070 218,570 5,500 1,410,910 9,579 134,510 134,126 384 - - 556,380 499,930 56,450 1,332,726 1,291,262 284,220 277,410 6,810 - - 52,300 53,324 (1,024) - - 426,370 442,421 (16,051) 926,880 807,018 90,830 64,629 26,201 - - 35,000 21,656 13,344 - - 9,780 4,613 5,167 - - 49,620 50,071 (451) - - 154,500 154,330 170 15,613,990 15,161,996 69,700 70,637 (937) - - - - - 278,830 142,257 2,954,870 211,102 19,563,336 17,412,112 2,743,768 1,545,390 2,248,264 702,874 1,850,522 3,285,370 296,050 57,090 (238,960) 2,286,934 2,243,662 (2,373,120 (2,380,173 (7,053 (7,121,694 (6,543,770 (2,077,070) (2,323,083) (246,013) (4,834,760) (4,300,108) (531,680) (74,819) 456,861 (2,984,238) (1,014,738) 2,532,100 2,532,100 - 4,322,625 4,322,625 - - - 10,068 10,068 - 18,466 18,466 - - $ 2,000,420 $ 2,475,747 $ 475,327 $ 1,348,455 $ 3,317,955 See accompanying notes. 9 U�l EXHIBIT C Variance Favorable ( Unfavorable ) $ 20,198 (494,662) (278,592) 42,330 (35,506) 29,856 (716,376 1,401,331 41,464 119,862 451,994 136,573 2,151,224 1,434,848 (43,272) 577,924 534,652 1,969,500 $1,969,500 Debt Service Funds Totals (Memorandum Only) (8,937,261 567,233 Variance (998,210) 560,400 Variance (1,571,486) 3,981,532 Favorable 14,760,161 - Favorable Budget Actual ( Unfavorable ) Budget Actual ( Unfavorable ) $ - $ - $ - $ 2,357,115 $ 2,384,653 $ 27,538 - - - 20,654,150 20,365,713 (288,437) - - - 901,980 624,196 (277,784) - - - 450,900 493,230 42,330 - - - 779,143 795,238 16,095 417,500 430,891 13,391 1,188,330 1,457,375 269,045 417,500 430,891 13,391 26,331,618 26,120,405 (211,213 - - - 46,350 46,584 (234) - - - 128,240 122,886 5,354 - - - 158,930 154,011 4,919 - - - 208,470 204,855 3,615 - - - 130,500 62,876 67,624 - - - 195,100 160,839 34,261 - - - 1,634,980 228,149 1,406,831 - - - 134,510 134,126 384 - - - 1,889,106 1,791,192 97,914 - - - 284,220 277,410 6,810 - - - 52,300 53,324 (1,024) - - - 1,353,250 1,249,439 103,811 - - - 90,830 64,629 26,201 - - - 35,000 21,656 13,344 - - - 9,780 4,613 5,167 - - - 49,620 50,071 (451) - - - 15,768,490 15,316,326 452,164 - - - 69,700 70,637 (937) - - - 278,830 142,257 136,573 5,301,720 4,750,417 551,303 5,301,720 4,750,417 551,303 2,376,530 1,704,176 672,354 2,376,530 1,704,176 672,354 85,410 82,812 2,598 85,410 82,812 2,598 44,160 396 43,764 44,160 396 43,764 7,807,820 6,537,801 1,270,019 (7,390,320 (6,106,910 1,283,410 5,362,900 5,638,299 275,399 (9,680 (13,318 (3,638 5,353,220 5,624,981 271,761 (2,037,100) (481,929) 1,555,171 7,905,436 7,905,436 - $ 5,868,336 $ 7,423,507 $1,555,171 30,326,026 26,693,681 3,632,345 (3,994,408 (573,276 3,421,132 7,945,884 7,939,051 (6,833) (9,504,494 (8,937,261 567,233 (1,558,610) (998,210) 560,400 (5,553,018) (1,571,486) 3,981,532 14,760,161 14,760,161 - 10,068 10,068 - - 18,466 18,466 $ 9,217,211 $13,217,209 $3,999,998 10 KODIAK ISLAND BOROUGH EXHIBIT D PROPRIETARY FUND TYPE - ENTERPRISE FUNDS ' STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS ' Year ended June 30, 1987 with comparative figures for 1986 1987 1986 Revenues: Water sales $ 156,901 $ 138,195 Sewer service charges 184,762 147,409 Sanitary landfill user fees 158,942 - Patient revenues 5,009,194 5,261,182 Installation charges 94,463 4,107 Other 99,188 104,551 Total revenues 5,703,450 5,655,444 Operating expenses: 11 Personal services 50,896 25,303 Purchased water and sewer treatment 235,781 182,173 Contracted services 146,613 - Repairs and maintenance 24,989 24,608 Depreciation 446,413 368,778 Installation costs 76,641 15,926 Professional care of patients 2,483,452 2,442,601 Plant operations and household 875,788 840,965 General administrative 1,538,427 1,277,275 Other 22,908 16,437 Total operating expenses 5,901,908 5,194,066 Operating income (loss) (198,458 461,378 Other income: Interest income 95,900 110,497 Other, primarily State of Alaska revenue sharing 317,603 321,638 413,503 432,135 Net earnings 215,045 893,513 Amortization of contribution in aid of construction 197,077 142,919 , Increase in retained earnings 412,122 1,036,432 Retained earnings at beginning of year 3,583,570 2,547,138 , Retained earnings at end of year $3,995,692 $3,583,570 See accompanying notes. ' 11 ' KODIAK ISLAND BOROUGH PROPRIETARY FUND TYPE - ENTERPRISE FUNDS STATEMENT OF CHANGES IN FINANCIAL POSITION Year ended June 30, 1987 with comparative figures for 1986 EXHIBIT E 1 A 0'7 1 nor Financial resources provided: Net earnings $ 215,045 $ 893,513 Add: Depreciation which does not use working capital 446,413 368,778 Working capital provided by operations 661,458 1,262,291 { , State of Alaska grants 2,042,496 2,849,812 Contribution from the Kodiak Island Borough General Fund for purchase of equipment 140,318 5,526 ' Reduction of long -term receivable - 65,000 4,182,629 2,844,272 Total financial resources provided Financial resources used: Acquisition of property, plant and equipment 2,276,245 3,032,034 ' Increase in long -term receivable 298,000 Funding of Borough designated investments 760,134 Total financial resources used 3,334,379 3,032,034 Increase (decrease) in working capital $ (490,107 $ 1,150,595 Changes in components of working capital: Increase (decrease) in: Current assets: Other cash balances $ (56,448) $ 56,448 Equity in central treasury 12,911 53,976 Receivables (479,558) 976,566 Inventories 11,870 28,827 Prepaid expenses (12,330) (9,171) Restricted assets: Equity in central treasury 119,057 - Time certificates of deposit (3,100,000) 1,852,213 Accrued interest receivable (7,042) (45,909) ' Receivable from Lion Capital Group - (1,000,000) Receivable from State of Alaska 220,000 (3,291,540 1,912,950 Current liabilities: Bank overdraft 9,710 (28,708) Advance from central treasury 2,601 - Accounts payable Customer deposits 4,906 3,786 39,685 1,506 ' Accrued liabilities 43,845 42,681 Payable from restricted assets: Advance from central treasury Contracts payable (1,697,440) 236,315 1,663,745 (356,983) Retainage payable (2,661) 20,733 Unearned grant receipts (1,402,495 (620,304 ' (2,801,433 762,355 Increase (decrease) in working capital $ (490,107 $ 1,150,595 See accompanying notes. 12 KODIAK ISLAND BOROUGH NOTES TO COMBINED FINANCIAL STATEMENTS , June 30, 1987 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. Scope and Presentation of Financial Statements The Kodiak Island Borough (Borough) was organized to perform the municipal duties allowed by Alaska Statutes and as directed by its residents. The accompanying financial statements include all activities of the Borough, including all component units. The financial results of the recurring activi- ties 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 responsibility 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 finance the acquisition and construction of the school facilities. The Borough and the School District maintain separate accounting records of financial activity. The various funds and the general fixed asset account group of the School District have been combined with similar fund types and account groups of the Borough. The Borough Assembly, as the oversight authority, approves the total annual budget of the School District and may, during the year, increase or decrease the total appropriation. The Borough Assembly also approves the borrowings of funds and issuance of bonds for the School District. The Borough levies and collects taxes for the School District. 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, operating losses sustained (as contractually defined), if any, are the ultimate responsibility of the Borough. Annual contributions, as well as direct payment for equipment 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 or Capital Projects Funds. The comprehensive financial position and operating results of the Hospital are included in these combined financial statements as an enterprise fund. No other entities exist in which the Borough has oversight responsibility accountability for fiscal matters, scope of public services or special financing relationships. Fiscal Year Ends The Borough has a June 30 year end. The School District, as required by State Statute, has a June 30 year end. The Hospital has a December 31 year end and the accompanying financial statements include the financial position for the Hospital as of December 31, 1986, and the results of operations for the year t then ended. , w 13 KODIAK ISLAND BOROUGH NOTES TO COMBINED FINANCIAL STATEMENTS (Continued) June 30, 1987 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) A. Scope and Presentation of Financial Statements (Continued) Presentation Total columns on the combined statements are captioned "memorandum only" to (' indicate that they are presented only to facilitate financial analysis. Data in these columns do not present financial position, results of operations, or changes in financial position in conformity with generally accepted accounting ' principles. Neither are such data comparable to a consolidation. Interfund eliminations have not been made in the aggregation of these data. The accounting policies of the Borough conform to generally accepted accounting principles. FUND ACCOUNTING The accounts of the Borough are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. Operations of each fund are accounted for with a separate set of self - balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses, as appropriate. Borough resources 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. The various funds are grouped in the combined financial statements in this report into six generic fund types and three broad fund categories as follows: GOVERNMENTAL FUND TYPES General Fund - The General Fund is the general operating fund of the Borough. It is used to account for all financial resources except those required to be accounted for in another fund. Special Revenue Funds - Special Revenue Funds are used to account for the pro- ceeds of specific revenue sources (other than special assessments and major capital projects) that are legally restricted to expenditures for specific purposes. Debt Service Funds - The Debt Service Funds are used to account for the accu- mulation of resources for, and the payment of, general long -term debt prin- t ' cipal, interest and related costs. 14 The combined financial statements provide a summary overview of the financial position of all funds and account groups and of the operating results of all funds. These combined statements have been prepared from the detailed state- ments included in the combining and individual fund and account group statements , and schedules included in this report. Total columns on the combined statements are captioned "memorandum only" to (' indicate that they are presented only to facilitate financial analysis. Data in these columns do not present financial position, results of operations, or changes in financial position in conformity with generally accepted accounting ' principles. Neither are such data comparable to a consolidation. Interfund eliminations have not been made in the aggregation of these data. The accounting policies of the Borough conform to generally accepted accounting principles. FUND ACCOUNTING The accounts of the Borough are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. Operations of each fund are accounted for with a separate set of self - balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses, as appropriate. Borough resources 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. The various funds are grouped in the combined financial statements in this report into six generic fund types and three broad fund categories as follows: GOVERNMENTAL FUND TYPES General Fund - The General Fund is the general operating fund of the Borough. It is used to account for all financial resources except those required to be accounted for in another fund. Special Revenue Funds - Special Revenue Funds are used to account for the pro- ceeds of specific revenue sources (other than special assessments and major capital projects) that are legally restricted to expenditures for specific purposes. Debt Service Funds - The Debt Service Funds are used to account for the accu- mulation of resources for, and the payment of, general long -term debt prin- t ' cipal, interest and related costs. 14 KODIAK ISLAND BOROUGH NOTES TO COMBINED FINANCIAL STATEMENTS (Continued) ' June 30, 1987 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) A. Scope and Presentation of Financial Statements (Continued) Capital Projects Funds - Capital Projects Funds are used to account for finan- cial resources to be used for acquisition or construction of major capital facilities and equipment. PROPRIETARY FUND TYPE Enterprise Funds - The Enterprise Funds are used to account for operations (a) that are financed and operated in a manner similar to private business enterprises where the intent of the governing body is that the costs (expenses, including depreciation) of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges or (b) where the governing body has decided that periodic determination of revenues earned, expenses incurred, and /or net income is appropriate for capital maintenance, public policy, management control, accountability or other purposes. FIDUCIARY FUND TYPE Agency Funds - To account for assets held by the Borough as an agent for indi- viduals and other entities. These funds are custodial in nature (assets equal liabilities) and do not involve measurement of results of operations. ACCOUNT GROUPS The accounting and reporting treatment applied to the fixed assets and long- term liabilities associated with a fund are determined by its measurement focus. Governmental Fund Types are accounted for on a spending or financial flow measurement focus. This means that only current assets and current liabilities are generally included on their balance sheets. Their reported fund balances (net current assets) are considered a measure of available spen- dable resources. Governmental Fund Type operating statements present increases (revenues and other financial sources) and decreases (expenditures and other financial uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of available spendable resources during a period. The two account groups are not funds. They are concerned only with the measurement of financial position. They are not involved with measurement of results of operations. General Fixed Assets Fixed assets used in Governmental Fund Type operations (general fixed assets) are accounted for in the General Fixed Assets Account Group rather than in Governmental Fund Types. Public domain (infrastructure) general fixed assets consisting of certain improvements other than buildings, including roads, ' bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting systems, are not capitalized. No depreciation has been provided on general fixed assets. ' 15 KODIAK ISLAND BOROUGH NOTES TO COMBINED FINANCIAL STATEMENTS (Continued) June 30, 1987 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) A. Scope and Presentation of Financial Statements (Continued) General Fixed Assets (Continued All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated fixed assets are valued at their estimated fair value on the date donated. General Long -Term Debt Long -term liabilities expected to be financed from Governmental Fund Types are accounted for in the General Long -Term Debt Account Group, not in the Governmental Fund Types. Noncurrent portions of long -term receivables due to Governmental Fund Types are reported on their balance sheets, in spite of their spending measurement focus. Special reporting treatments are used to indicate, however, that they should not be considered available spendable resources since they do not represent net current assets. Recognition of Governmental Fund Type revenues represented by noncurrent receivables is deferred until they become current receivables. Noncurrent installments of long -term loans receivable are offset by fund balance reserve accounts. Because of their spending measurement focus, expenditure recognition for Governmental Fund Types is limited to exclude amounts represented by non- current liabilities. Since they do not affect net current assets, such long- term amounts are not recognized as Governmental Fund Type expenditures or fund liabilities. They are instead reported as liabilities in the General ' Long -Term Debt Account Group. PROPRIETARY FUND TYPE The Proprietary Fund Type is accounted for on a cost of services or capital maintenance measurement focus. This means that all assets and all liabilities (whether current or noncurrent) associated with its activity are included on its balance sheet. Its reported fund equity (net total assets) is segregated into contributed capital and retained earnings components. The Proprietary Fund Type operating statement presents increases (revenues) and decreases (expenses) in net total assets. Depreciation of all exhaustible fixed assets used by the Enterprise Funds is charged as an expense against their operations on a straight -line basis over the following estimated useful lives: ' Water and sewer plant 50 years Hospital - building and fixed equipment 28 -33 years - major movable equipment 5 -10 years ' Contributions in aid of construction for the Water and Sewer Enterprise Fund are amortized over the estimated useful lives of the assets acquired using the straight -line method. 16 KODIAK ISLAND BOROUGH ' NOTES TO COMBINED FINANCIAL STATEMENTS (Continued) ' June 30, 1987 { 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) B. Basis of Accounting Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the combined financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus applied. Governmental Fund Types are accounted for using the modified accrual basis of accounting. Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred. An exception to this general rule is principal and interest on general long -term debt which is recognized when due. Pursuant to this basis of accounting, material revenues which are both measurable and available are accrued and other revenues are recorded on the cash basis. Summarized below are the major sources of revenue and the appli- cable recognition policies: Property Taxes Property taxes are based on the assessed value of taxable property as of January I. Pursuant to Alaska Statute 29.53.170, the Borough establishes the mill rate on or before June 15. Tax bills may be paid in two installments on August 15 and November 15; otherwise they are due and payable by October 15. Borough property tax revenues are recognized in the fiscal year for which they are levied and in which they become measurable and available; 1987 property tax revenue is represented primarily by calendar year 1986 property taxes received during the year ended June 30, 1987 or 60 days thereafter. At June 30, 1987, the 1987 real and personal property tax levy of $1,990,200 is reflected as deferred revenue of the General Fund. 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 govern- ments) 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 government 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. Revenue from Investments and Property Amounts earned on investment of available cash balances and the rental of building facilities are recorded in the period to which they relate, including , accrual at year end of balance due. 17 1 1 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) June 30, 1987 � I � I I I B. Basis of Accounting Land Sales Proceeds and Other Local Revenues Amounts received pursuant to land sale contracts (long -term in nature) are recorded on the cash basis. Other local revenues are recorded on a basis con- sistent with their nature in relation to measurement and availability stan- dards. The Proprietary Fund Type is accounted for using the accrual basis of accounting. Its revenues are recognized when they are earned and its expenses are recognized when they are incurred. KODIAK ISLAND BOROUGH NOTES TO COMBINED FINANCIAL STATEMENTS (Continued) Fund Type (Agency Fund) is accounted for using the modified of accounting similar to that utilized by Governmental Fund The Fiduciary accrual basis Types. C. Budgets and Budgetary Accounting The Borough The Borough follows these procedures in establishing the budgetary data reflected in the combined financial statements: a. The Mayor must submit to the Borough Assembly by April 30 a proposed operating budget for the fiscal year commencing the following July 1. The operating budget includes proposed expenditures and the means of financing them. b. Public hearings are conducted by the Borough Assembly to obtain taxpayer comments. c. By June 10, by Borough Assembly action, the budget is legally enacted through passage of an ordinance. If the Borough Assembly fails to pass an ordinance, the budget submitted by the Mayor becomes the adopted budget. d. Amendments to the budget can occur anytime during the fiscal year through the Borough Assembly or administrative action. Generally, the following actions are required at the level of the particular change: (1) All new appropriations are authorized by an appropriation ordinance that amends the annual budget ordinance. (2) A resolution of the Borough Assembly is required to move (appropriate) amounts between departments and projects. 18 KODIAK ISLAND BOROUGH NOTES TO COMBINED FINANCIAL STATEMENTS (Continued) June 30, 1987 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C. Budgets and Budgetary Accounting (Continued) d. (3) The administration is authorized and directed by the Borough Assembly to effect the necessary line item changes within the limits established by Items (1) and (2) above by project or department to properly monitor, account, and report receipts and expenditures. e. Expenditures may not legally exceed appropriations at the following levels: General Fund - department level Capital Projects Funds - project level All other funds - fund level f. All funds are budgeted on an annual basis encompassing a fiscal year, except that budgets of Capital Projects Funds generally encompass the period of project completion which is generally greater than one year. g. Appropriations lapse at year end to the extent that they have not been expended for all funds except Capital Projects Funds, which lapse at pro- ject completion. h. Budgets adopted by the Borough Assembly are in accordance with generally accepted accounting principles. The School District Annual budgets are adopted by the School Board for all revenues, expenditures and interfund transfers. Budgets are prepared and presented on the modified accrual basis of accounting. Pursuant to Alaska Statutes, the adopted budget is submitted to the Borough Assembly for review and approval. The Borough Assembly is required to approve the School District budget in total only and, by ordinance, appropriate the necessary resources no later than April 30 of the current fiscal year. The School Board retains line item authority once the annual local appropriation is set by the Borough Assembly. In the year ended June 30, 1987, there were two formal budget revisions to adjust the revenues and expen- ditures to available resources and program needs. No other budgets are legally required. 19 1 KODIAK ISLAND BOROUGH NOTES TO COMBINED FINANCIAL STATEMENTS (Continued) June 30, 1987 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) D. Assets, Liabilities and Fund Equity ENCUMBRANCES Encumbrance accounting, under which purchase orders, contracts and other com- mitments 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 reser- vations of fund balances since they do not constitute expenditures or liabili- ties. INVENTORIES The Kodiak Island Borough Expendable operating supplies of the purchase method and, at June 30, 1987, items. Borough are accounted for using the there was no significant amount of such The School District Expendable operating supplies of the School District, consisting primarily of teaching, maintenance and food supplies, are accounted for using the consump- tion method. These inventories are valued at the lower of average cost or market, except USDA food inventory (acquired at nominal price) which is recorded at replacement cost. Fuel inventory is accounted for using the purchase method and is recorded at cost on the first -in, first -out basis. The Hospital Inventories are stated at the lower of cost or market, with cost determined substantially on a FIFO basis. RETIREMENT PLANS All full -time employees of the Borough and School District participate in either the Alaska Public Employees' Retirement System (PEAS) or the Alaska Teachers' Retirement System (TRS). The Borough and School District accrue pension expense which includes current costs and amortization of prior service costs. The policy is to fund pension costs accrued. ANNUAL LEAVE The Borough (excluding the School District) records its liability for accrued annual leave in the Governmental Fund Types for the amounts estimated to be liquidated with current available resources. The commitment for accrued annual leave not included in the Governmental Fund Types is recorded in the General Long -Term Debt Account Group. Cash suf- ficient to pay the long -term debt is deposited in a Debt Service Fund. Enterprise Funds and the School District record leave (including sick leave) as earned. 20 KODIAK ISLAND BOROUGH NOTES TO COMBINED FINANCIAL STATEMENTS€ (Continued) June 30, 1987 2. CASH AND TEMPORARY INVESTMENTS Cash balances of most borough funds are pooled in a central treasury. Each fund type's portion of this pool is displayed on the combined balance sheet as "Equity in (advance from) central t treasury ". In addition, investments are separately held by several of the Borough's funds. Investments are carried at cost. Deposits ' At June 30, 1987, the carrying amount of the Borough's deposits was $3,307,000 and the bank balance was $4,977,000. Of the bank balance, $2,856,000 was covered by federal depository insurance or by collateral held by a custodial bank for the Borough under a tri -party agreement and $2,121,000 was ' uninsured and uncollateralized. The uninsured and uncollateralized deposits represented the amount by which demand deposits exceeded FDIC insurance. Tnvactmantc Statutes authorize the Borough to invest in obligations of the United States, the State of Alaska and its political subdivisions, savings accounts, certificates of deposit, banker's acceptances, repurchase agreements and such other legal security instruments. The Borough's investments are categorized below to give an indication of risk assumed by the Borough at year end. Category 1 includes investments that are insured, registered or collateralized with securities held by the Borough or its agent in the Borough's name. Category 2 includes uninsured and unregistered investments or collateralized investments, with securities held by the pledging financial institution's trust department in the Borough's name. Category 3 includes uninsured, unregistered and collateralized investments, with securities held by the pledging financial institu- tion or by its trust department but not in the Borough's name. Category Carrying 1 2 3 Amount Market Value Repurchase agreements $ - $ - $1,500,000 $ 1,500,000 $ 1,500,000 U.S. Government Securities 3,496,000 6,448,000 3,508,000 13,452,000 13,452,000 Municipal Securities 3,892,000 - - 3,892,000 3,344,000 Banker's Acceptances - 973,000 - 973,000 973,000 Commercial Paper - - 1,160,000 1,160,000 1,160,000 $7,388,000 $7,421,000 $6,168,000 $20,977,000 $20,429,000 Statutes require all investments to be collateralized or insured. Collateral pledged on investments is required to be held for the Borough by a third party bank; however, during the year, the Borough often permitted collateral to be held in the Borough's name by the pledging bank or its trust department. In addition, amounts have been invested with dealers in excess of insurance coverage. Other Cash and Investments In addition to the above cash and investments which are under the control of the Borough, the following are also reported in the financial statements: investments managed by deferred compen- sation plan administrators ($356,886) and cash with fiscal agents for payment of bond principal and interest ($1,462,905). 21a I KODIAK ISLAND BOROUGH NOTES TO COMBINED FINANCIAL STATEMENTS (Continued) June 30, 1987 2. CASH AND TEMPORARY INVESTMENTS (Continued) Investments made by the Borough are identified by the specific funding source. A summary of these investments at cost on June 30, 1987 follows: Special Debt Capital General Revenue Service Projects Proprietary Fund Funds Funds Funds Fund Type Total Time certificates of deposit: National Bank of Alaska 5.85% 6.3% - 250,000 First Interstate Bank of Alaska 6.38% - 250,000 First Federal Bank of Alaska, S.B. 6.2% - 100,000 - 600,000 Repurchase agreements: National Bank of Alaska 5% 1,500,000 - United States Govern- ment Securities: Seattle First National Bank 5.70% - - 5.75% - - 5.92% - - 6.1% - - 6.2% 1,000,000 - Merrill Lynch Pierce Fenner 6 Smith, Inc. $1,000,000 $ - $ 1,000,000 250,000 750,000 1,000,000 - 100,000 1,000,000 750,000 2,350,000 - - 1,500,000 974,100 - - 974,100 974,178 - - 974,178 - 1,500,000 - 1,500,000 - 1,000,000 - 1,000,000 - 1,000,000 - 2,000,000 6.49% - - - 1,068,584 6.51% - - 2,160,444 - 6.55% - 847,360 - 1,000,000 6.80% 931,811 - - - Paine Webber, Inc. 5.73% - - - 995,722 1,931,811 847,360 4,108,722 6,564,306 Municipal Securities: Paine Webber, Inc. 4.0 - 7.0% Banker's Acceptances: Seattle First National Bank 5.80% Commercial paper: Merrill Lynch Pierce Fenner 6 Smith, Inc. 6.98% - 1,068,584 - 2,160,444 - 1,847,360 - 931,811 995,722 13,452,199 1,070,633 621,019 1,139,948 1,060,680 - 3,892,280 - - 972,933 - - 972,933 - - - 1,159,950 - 1,159,950 $4,502,444 $2,068,379 $6,221,603 $9,784,936 $750,000 $23,327,362 21b KODIAK ISLAND BOROUGH NOTES TO COMBINED FINANCIAL STATEMENTS (Continued) June 30, 1987 3. ANNUAL APPROPRIATION TO THE SCHOOL DISTRICT An annual appropriation is made to the School District with total resources budgeted expenditures. School District in order to provide the in a fiscal year equal in amount to In addition to the annual appropriation, the Borough provides the School District, without charge, general liability and property insurance and the annual independent audit. 4. HOSPITAL APPROPRIATION By terms of the operating agreement with the Lutheran Hospitals and Homes Society of America, the Borough is ultimately reponsible for operating losses (as contractually defined), if any, sustained by the Hospital. Shared revenue received by the Borough from the State of Alaska includes $218,750, required to be passed through to the Hospital. The Borough recorded this amount as intergovernmental revenue and the pass- through as an expen- diture for Hospital support. 5. RETIREMENT COMMITMENTS As of June 30, 1987, substantially all employees of the Borough and School District participate in either the Alaska Public Employees' Retirement System (PERS) or the Alaska Teachers' Retirement System (TRS). Borough personnel and School District classified personnel participate in PERS. School District certificated personnel participate in TRS. Both systems are statewide multi - employer defined benefit retirement plans, administered by the State of Alaska, to which employees and employers both contribute. The rate of employers' contribution to PERS and TRS is set periodically by the retirement systems based on actuarial valuation. Alaska Public Employees' Retirement System (PERS) PERS is a defined benefit pension plan to which employees contribute. For the period of July 1, 1986 through December 31, 1986, employees contributed 4.25% of their compensation. Beginning January 1, 1987, employees contributed 6.75% of their compensation on a pre -tax basis. Under the plan, the State of Alaska and all participating political subdivisions are considered collectively to be a single employer and contribute to the plan at a single composite rate to amortize all future service liabilities together with a past service rate determined separately for each employer. 22 i KODIAK ISLAND BOROUGH NOTES TO COMBINED FINANCIAL STATEMENTS (Continued) June 30, 1987 5. RETIREMENT COMMITMENTS (Continued) A study of actuarial assumptions was concluded in the fall of 1986 and contri- bution rates for the Borough and School District were revised retroactive to July 1, 1986 to reflect the adoption of the changes recommended by the actuary. The changes included an increase in the interest assumption from 8% to 9% and a decrease in the salary assumption from 8% to 6.5 %. The effect of the change in assumptions was to reduce the contribution for the year by approximately $110,000 for the Borough and $149,000 for the School District. A comparison of the accumulated benefit liability and the net assets available in the plan for the Borough and School District is presented below: School Borough District Total Actuarial present value of accumulated plan benefits: Vested Nonvested Net assets available for benefits $1,561,304 $3,950,099 $5,511,403 The total pension contributions for 1987 were approximately $261,000 which include amortization of past service cost over 25 years. Alaska Teachers' Retirement System (TRS) TRS is a defined benefit pension plan to which employees contribute 7% of their compensation. In addition to the employees contribution, the District and the State of Alaska each contribute an amount equal to one -half of the amount required in addition to member contributions to finance the benefits of the system. The District's contribution rate for 1987 was 6.88 %. Commencing July 1, 1987, the contribution rate for the District will be 13.76 %. The State of Alaska passed legislation that requires the District to assume responsibility for the contribution previously contributed by the State. ' The Alaska Teachers' Retirement System does not maintain benefit data by par- ticipating entity and, as a consequence, the actuarial present value of plan benefits, both vested and nonvested, and the net pension assets available for ' benefits segregated for the District are not available. As of the latest available actuarial valuation date for the system (June 30, 1986), the accrued funding ratio for all participating entities taken together was 93.2 %. The total pension contributions for 1987 were approximately $1,114,000 which ' includes amortization of past service cost over 25 years and charges of $598,000 associated with payments for the retirement incentive program. $1,125,387 $2,951,422 $4,076,809 999,364 2,227,278 3,226,642 $2,124,751 $5,178,700 $7,303,451 11 23 KODIAK ISLAND BOROUGH NOTES TO COMBINED FINANCIAL STATEMENTS (Continued) June 30, 1987 6. LONG -TERM DEBT The following is a summary of general obligation debt for the year ended June 30, 1987: Interest Payments General Issue Maturity Obligation Bonds Rates Dates Date Date Dates Amount Term bonds - Hospital building 4.875% 11/1 -5/1 5/1/67 5/1/87 $ - Serial bonds: Schools 5% 9/1 -3/1 1/1/67 9/1/87 9/1/87 50,000 Schools refunding 7.25% 8/1 -2/1 8/1/74 8/1/92 8/1/87 235,000 8/1/88 250,000 8/1/89 270,000 8/1/90 290,000 8/1/91 310,000 8/1/92 330,000 Schools 7.3 -9% 8/1 -2/1 8/1/80 8/1/2000 8/1/87 430,000 8/1/88 465,000 8/1/89 500,000 8/1/90 540,000 8/1/91 585,000 8/1/92 630,000 8/1/93 680,000 8/1/94 735,000 8/1/95 795,000 8/1/96 860,000 8/1/97 925,000 8/1/98 1,000,000 8/1/99 1,080,000 8/1/00 1,165,000 Junior High School Renovation Variable Quarterly 6/1/83 7/1/86 High School Auditorium Variable Quarterly 5/3/84 7/1/89 7/1/87 500,000 10/1/87 500,000 1/1/88 500,000 4/1/88 550,000 7/1/88 550,000 10/1/88 550,000 1/1/89 550,000 4/1/89 550,000 7/1/89 550,000 Schools, Multi- projects Variable Quarterly 5/28/86 6/1/96 9/1/87 250,000 to X 36 6/1/96 9,000,000 $25,925,000 24a Authorized Prior Years Current Year Balance at Balance at Year Amount Issued Retired July 1, 1986 Issued Retired June 30, 1987 1967 $ 300,000 $ 300,000 $ - $ 300,000 $ - $ 300,000 $ - 1965 750,000 750,000 650,000 100,000 - 50,000 50,000 1974 1,900,000 1,900,000 - 1,900,000 - 215,000 1,685,000 1979 29,000,000 12,100,000 1,315,000 10,785,000 7,400,000 6,400,000 1,000,000 9,500,000 2,850,000 6,650,000 29,000,000 10,565,000 18,435,000 1986 9,930,000 9,930,000 - 9,930,000 395,000 10,390,000 - 1,000,000 - - 1,850,000 4,800,000 3,245,000 15,190,000 930,000 9,000,000 $41,880,000 $41,880,000 $11,215,000 $30,665,000 $ - $4,740,000 $25,925,000 24b KODIAK ISLAND BOROUGH NOTES TO COMBINED FINANCIAL STATEMENTS (Continued) June 30, 1987 6. LONG -TERM DEBT (Continued) United States Environmental Protection Agency Note Payable The $375,000 Asbestos School Hazard Abatement interest free loan is due in semi - annual installments of a minimum amount of $2,500 commencing on or before June 30, 1987 and continuing until the principal is fully paid on or before June 24, 2005. A summary of long -term debt as of and for the year ended June 30, 1987 follows: Balance at Balance at July 1, 1986 Additions Retirements June 30, 1987 General obligation bonds $30,665,000 $ $4,740,000 $25,925,000 EPA loan payable 375,000 - 10,417 364,583 Accrued annual leave 128,879 15,336 - 144,215 $31,168,879 $15,336 $4,750,417 $26,433,798 The annual requirements to amortize all general obligation debt and the EPA loan payable outstanding as of June 30, 1987, including interest payments of $10,941,278 on the general obligation debt, are as follows: Annual Requirements to Amortize long -term debt Year Ending General June 30 Obligation EPA Loan 1988 $ 5,658,421 $ 5,000 1989 5,544,691 5,000 1990 3,664,414 5,000 1991 3,020,904 5,000 1992 2,943,093 5,000 1993 2,860,072 5,000 1994 2,438,802 5,000 1995 2,359,481 5,000 1996 2,279,200 5,000 1997 1,228,000 5,000 1998 1,221,600 5,000 1999 1,219,600 5,000 2000 1,216,400 5,000 2001 1,211,600 5,000 2002 -2005 - 294,583 $36,866,278 $364,583 25 KODIAK ISLAND BOROUGH NOTES TO COMBINED FINANCIAL STATEMENTS ' (Continued) June 30, 1987 6. LONG -TERM DEBT (Continued) The amount of $7,279,292 is available in the Debt Service Funds to service the general obligation bonds. There are a number of limitations and restrictions contained in the various bond indentures. The Borough is in compliance with all significant limita- tions and restrictions. j 0 Refunding Bonds ' During 1974, the Borough defeased existing bonds by utilizing the proceeds of bonds then issued. The proceeds from the "refunding bonds" (issued in the amount of $2,325,000) have been invested in U.S. Government 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 securities and the current obligations of the defeased � bonds are not reflected in the combined financial statements. A summary of ! the investments held in trust and the current obligations of the defeased bonds at June 30, 1987 are summarized as follows: Bond Principal Investments Outstanding Held in Trust Series 1974 School bonds, 5.25% to 5.7 %, due in installments to 1992 $1,800,000 $1,770,238 *Central Bank of Denver as Trustee 7. GENERAL FIXED ASSETS ACCOUNT GROUP During the year ended June 30, 1987, the Borough completed a formal process of valuing land and buildings which had been transferred from the federal and state governments. Estimated values were established as of the date of interim conveyance based upon recorded sales of comparable property adjusted by factors to compensate for size and time differences. As a result, the carrying value of land was reduced by $99,522,394 and the carrying value of buildings was increased by $309,196 for a net decrease in assets and fund equity of $99,213,198 as of June 30, 1986. - �i 26 1 1 i KODIAK ISLAND BOROUGH , 9 NOTES TO COMBINED FINANCIAL STATEMENTS (Continued) ' June 30, 1987 7. GENERAL FIXED ASSETS ACCOUNT GROUP (Continued) A summary of changes in the General Fixed Assets Account Group for the year ended June 30, 1987 follows: General fixed assets are recorded as expenditures of the various Borough funds at the time of purchase and are subsequently capitalized for memorandum pur- poses in the General Fixed Assets Account Group. Such assets include land, buildings, equipment, furniture and other related assets. Public domain (infrastructure) general fixed assets consisting of certain improvements other than buildings such as roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting systems are not capitalized. No depreciation has been provided on general fixed assets. All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated fixed assets are valued at their estimated fair value on the date donated. 8. ENTERPRISE FUND SEGMENT INFORMATION The Borough owns and operates a Water and Sewer Utility Enterprise Fund and a Sanitary Landfill Fund. The Kodiak Island Borough Hospital is included in the Borough's financial statements as a component unit. The water and sewer utility and landfill have a June 30 year end while the Hospital operates on a December 31 year end. Segment financial data as of and for the year ended June 30, 1987 for the water and sewer utility and landfill and as of and for the year ended December 31, 1986 for the Hospital are as follows: Sanitary Water and Landfill Sewer Utility Hospital Total Operating revenues Balance $ 442,879 $5,101,629 $ 5,703,450 Depreciation July 1, 1986 199,107 247,306 Balance Operating income (loss ) (restated) Additions Deductions June 30, 1987 Land $ 6,952,174 $ 517,141 $ - $ 7,469,315 Buildings 49,706,751 2,266,541 - 51,973,292 Improvements other 10,052 (69,266) 274,259 215,045 than buildings 730,239 3,133,235 - 3,863,474 Machinery and equipment 2,426,929 322,290 181,870 2,567,349 Construction work - 2,042,496 140,318 2,182,814 in progress 1,136,720 4,915,366 5,370,641 681,445 Property, plant and $60,952,813 $11,154,573 $5,552,511 $66,554,875 General fixed assets are recorded as expenditures of the various Borough funds at the time of purchase and are subsequently capitalized for memorandum pur- poses in the General Fixed Assets Account Group. Such assets include land, buildings, equipment, furniture and other related assets. Public domain (infrastructure) general fixed assets consisting of certain improvements other than buildings such as roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting systems are not capitalized. No depreciation has been provided on general fixed assets. All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated fixed assets are valued at their estimated fair value on the date donated. 8. ENTERPRISE FUND SEGMENT INFORMATION The Borough owns and operates a Water and Sewer Utility Enterprise Fund and a Sanitary Landfill Fund. The Kodiak Island Borough Hospital is included in the Borough's financial statements as a component unit. The water and sewer utility and landfill have a June 30 year end while the Hospital operates on a December 31 year end. Segment financial data as of and for the year ended June 30, 1987 for the water and sewer utility and landfill and as of and for the year ended December 31, 1986 for the Hospital are as follows: Sanitary Water and Landfill Sewer Utility Hospital Total Operating revenues $158,942 $ 442,879 $5,101,629 $ 5,703,450 Depreciation - 199,107 247,306 446,413 Operating income (loss ) 10,052 (165,166) (43,344) (198,458) Operating grants entitlements - - 317,603 317,603 Net earnings (loss) 10,052 (69,266) 274,259 215,045 Contributions in aid of construction: Additions - 2,042,496 140,318 2,182,814 Amortization - 197,077 - 197,077 Property, plant and equipment additions - 2,042,496 233,749 2,276,245 Net working capital 10,052 (339,102) 1,411,790 1,082,740 Total assets 17,797 14,518,325 7,114,556 21,650,678 Total equity 10,052 13,973,562 6,857,670 20,841,284 I � 27 j KODIAK ISLAND BOROUGH NOTES TO COMBINED FINANCIAL STATEMENTS (Continued) June 30, 1987 9. CAPITAL PROJECTS FUNDS CONSTRUCTION COMMITMENTS A summary of Capital Projects Funds construction commitments at June 30, 1987 follows: Various Borough Projects $ 15,580 School Bond Improvements Fund 2,556,117 School Equipment and Furnishings Fund 4,381 State Capital Grants Fund 545,177 $3,121,255 Resources are presently available or committed to finance construction commit- ments at June 30, 1987. 10. DEFERRED COMPENSATION PLAN The Kodiak Island Borough has a deferred compensation plan created in accor- dance with Internal Revenue Code Section 457. The Plan is available to all permanent Borough employees. The deferred compensation is not available to employees until termination, retirement, death or unforeseeable emergency. All amounts of compensation deferred under the plan, all property and rights purchased with those amounts, and all income attributable to those amounts, property or rights are (until paid or made available to the employee or other beneficiary) solely the property and the right of the Borough (without being restricted to the provisions of benefits under the plan), subject only to the claims of the Borough's general creditors. Participants' rights under the plan are equal to those of general creditors of the Borough in an amount equal to the fair market value of the deferred account for each participant. ' The funds are managed by the International City Managers Association Retirement Corporation. The Borough has no liability for losses under the plan but does have the duty of due care that would be required of an ordinary prudent investor. The Borough believes that it is unlikely that it will use the assets to satisfy the claims of general creditors in the future. 11 11 28 I 1; KODIAK ISLAND BOROUGH NOTES TO COMBINED FINANCIAL STATEMENTS (Continued) June 30, 1987 11. INDIVIDUAL FUND DISCLOSURES Interfund Receivables and Payables A summary of interfund receivables and payables at June 30, 1987 is as follows: Receivable Payable Special Revenue Funds - Education Capital Projects Funds - School Equipment and Furnishings Agency Funds - Student Activities Fund Deficits $ - $51,804 52,023 - - 219 $52,023 $52,023 The Bay View Road Service District Fund has a fund deficit of $1,223 at June 30, 1987. Interfund Transfers Operating transfers include a $3,000 transfer to the Student Activities Agency Fund. 12. LITIGATION The Borough, in the normal course of its activities, is involved in various claims and pending litigation. In the opinion of management, the Borough has adequate insurance coverage to prevent these matters from having a material adverse effect on the Borough's combined financial statements. 13. SUBSEQUENT EVENT The Kodiak Island Borough and Kodiak Island Borough School District have agreed to a settlement of their asbestos -in- buildings litigation with W.R. Grace & Co. Indications are that a minimum of $1,000,000 will be received by the Borough as a result of the settlement. II 29 1 GENERAL FUND The General Fund accounts for the financial operations of the Borough that are not required to be accounted for in any other fund. Principal sources of revenue are property taxes and intergovernmental revenues. Primary expenditures in the General Fund are for general governmental and public ' services. KODIAK ISLAND BOROUGH GENERAL FUND BALANCE SHEET June 30, 1987 with comparative figures for 1986 ASSETS Cash and investments: Temporary cash investments $4,502,444 $4,920,754 Other cash balances 1,700 1,508 Total cash and investments 4,504,144 4,922,262 Receivables: Property taxes: Areawide tax role due in subsequent year 1,990,200 1,741,772 Delinquent taxes 49,235 43,185 Allowance for uncollectible delinquent taxes (11,200 (14,974 Net property taxes 2,028,235 1,769,983 State of Alaska 988,582 610,423 Accrued interest receivable 78,492 22,462 Other 23,240 74,097 Net receivables 3,118,549 2,476,965 Prepaids 66,142 - $7,688,835 $7,399,227 LIABILITIES AND FUND BALANCE Liabilities: Advance from central treasury Accounts payable Payroll taxes and employee benefits Other accrued liabilities Deferred revenue areawide tax role due in subsequent year Total liabilities Fund balance: Reserved: Encumbrances Unreserved: Designated: Working capital Subsequent year expenditures Total fund balance $3,157,151 $3,058,732 27,440 45,771 36,982 17,447 1,315 3,405 1,990,200 1,741,772 5,213,088 4,867,127 40,376 13,565 1,250,000 900,000 1,185,371 1,618,535 2,475,747 2,532,100 6-7 AAA Als 57.199.227 30 KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 1987 Revenues: Property taxes: General Penalty and interest Payment in lieu of taxes Total property taxes Intergovernmental: State sources: State shared revenue Municipal assistance Raw fish tax Emergency medical services Electric co -op tax Miscellaneous Total State sources Federal sources Total inter- governmental Licenses, permits, fees and other local revenues: Buildings and trailers Subdivision and zoning fees Sale of copies Miscellaneous Total licenses, permits, fees and other local sources Continued Budget Actual $1,693,430 $ 1,687,220 30,000 42,839 457,980 458,691 2,181,410 2,188,750 735,720 612,039 613,220 621,255 550,000 871,703 5,790 5,790 210 378 1,904,940 2,111,165 2,310 3,118 Variance Favorable ( Unfavorable ) Schedule 2 1986 $ (6,210) $ 1,675,032 12,839 22,380 711 368,028 7,340 2,065,440 (123,681) 807,263 8,035 791,596 321,703 647,057 - 24,323 - 5,444 168 168 206,225 2,275,851 808 1,804 1,907,250 2,114,283 207,033 2,277,655 22,000 21,984 (16) 23,950 11,250 11,268 18 14,715 6,270 3,364 (2,906) 8,837 47,030 101,535 54,505 6,284 86,550 138,151 51,601 53,786 31 Schedule 2 (Continued KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 r , it 11 Investments and property: Interest income Gain (loss) on exchange Lease rentals on land and buildings Computer rental Total investments and property Total revenues Expenditures: Borough Assembly Mayor's department Clerk's department Finance department Legal department Assessment department Community development department Engineering department Health and sanitation Data services Resource management General administration Building inspector Emergency preparedness Facilities department Community and Regional Affairs Liaison Education support Economic development Total expenditures Excess of revenues over expenditures Continued 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual $ 233,800 $ 419,172 - 29,746 1,250 2,600 90,000 99,330 $ 185,372 $ 366,054 29,746 (481,269) 1,350 2,190 9,330 83,849 325,050 550,848 4,500,260 4,992,032 46,350 46,584 128,240 122,886 158,930 154,011 208,470 204,855 130,500 62,876 195,100 160,839 224,070 218,570 134,510 134,126 556,380 499,930 284,220 277,410 52,300 53,324 426,370 442,421 90,830 64,629 35,000 21,656 49,620 50,071 9,780 4,613 154,500 154,330 69,700 70,637 2,954,870 2,743,768 225,798 (29,176 491,772 4,367,705 (234) 47,386 5,354 133,634 4,919 152,970 3,615 199,094 67,624 100,411 34,261 195,493 5,500 205,833 384 72,627 56,450 503,516 6,810 265,957 (1,024) 53,286 (16,051) 288,529 26,201 73,119 13,344 3,678 (451) 82,872 5,167 2,447 170 392,858 (937) 211,102 2,773,710 1,545,390 2,248,264 702,874 1,593,995 32 Schedule 2 (Continued KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 33 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual Operating transfers from other funds: Special Revenue - land sales $ 52,300 $ 52,300 $ - $ 53,660 Capital Projects: State school construction 243,750 - (243,750) - Other - 4,790 4,790 - Total operating transfers from other funds 296,050 57,090 (238,960 53,660 Operating transfers to other funds: Special Revenue: Mental Health Center 80,000 80,000 - 60,000 Education 1,746,800 1,746,800 - 1,270,000 Buildings and grounds 163,100 163,100 - 26,610 Debt Service Funds: School bonds 383,220 383,220 - 286,690 Other - 7,053 (7,053) 10,359 Capital Projects: Hospital improvements - - - 123,810 Total operating transfers to other funds 2,373,120 2,380,173 (7,053 1,777,469 Net operating trans- fers in (out) (2,077,070 (2,323,083 (246,013 (1,723,809 Excess (deficiency) of revenues and operating transfers from other funds over expenditures and operating transfers to other funds (531,680) (74,819) 456,861 (129,814) Fund balance at beginning of year 2,532,100 2,532,100 - 2,661,914 Residual equity transfer - 18,466 18,466 - Fund balance at end of year $ 2,000,420 $ 2,475,747 $ 475,327 $ 2,532,100 33 KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF EXPENDITURES AND TRANSFERS - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 Expenditures: Borough Assembly: Assembly compensation Retirement contribution Office supplies Telephone and telegraph Travel and per diem - fringe benefits Travel and per diem - Assembly Insurance and bonding Printing and binding Publications and dues Miscellaneous Legislative effort Honorariums /amenities Food /business lunch Machinery and equipment Total Borough Assembly Continued 1987 Budget _ $ 8,400 $ 800 250 11,000 12,500 7,000 400 1,000 3,000 2,000 8,400 301 28 8,512 14,278 10,170 865 3,104 926 Variance Favorable 1986 ( Unfavorable ) Actual 499 222 $ 8,600 462 11 203 1,033 2,488 (1,778) (3,170) (465) 1,000 (104) 1,074 46,350 46,584 (234 4,836 12,422 3,427 10,267 1,725 1,951 2,449 47,386 34 Schedule 3 (Continued) KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF EXPENDITURES AND TRANSFERS - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 Continued 35 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual Mayor's department: Borough mayor salary $ 60,000 $ 60,404 $ (404) $ 60,692 Secretary salary 30,320 33,887 (3,567) 32,354 Unemployment tax 230 292 (62) 243 Social security tax 5,170 5,356 (186) 5,016 Group insurance 4,690 5,051 (361) 4,712 Workers' compensation 780 801 (21) 783 Termination reserve 2,000 - 2,000 10,000 Retirement contribution 10,550 3,967 6,583 10,199 Continuing education 1,500 40 1,460 302 Office supplies 600 504 96 565 Telephone and telegraph 1,200 1,663 (463) 1,451 Travel and per diem 3,000 3,100 (100) 1,834 Repairs and maintenance 500 109 391 90 Printing and binding 5,000 5,157 (157) 2,657 Publications and dues 1,200 1,675 (475) 1,540 Furniture and fixtures 500 - 500 43 Boards and committees 1,000 880 120 824 Advertising and hearings - - - 329 Total mayor's department 128,240 122,886 5,354 133,634 Continued 35 Schedule 3 (Continued KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF EXPENDITURES AND TRANSFERS - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 Continued 36 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual Clerk's department: Clerk salary $ 43,160 $ 45,290 $ (2,130) $ 42,940 Secretary salary - - - 1,906 Deputy clerk salary 26,330 28,276 (1,946) 32,167 Unemployment tax 460 586 (126) 657 Social security tax 4,880 5,202 (322) 5,854 Group insurance 4,690 5,051 (361) 5,063 Workers' compensation 580 614 (34) 761 Termination reserve 700 - 700 1,075 Retirement contribution 8,130 3,119 5,011 10,102 Continuing education 4,500 3,760 740 3,354 Office supplies 1,000 4,242 (3,242) 1,585 Telephone and telegraph 900 1,145 (245) 1,138 Advertising and public hearing 20,000 15,211 4,789 7,381 Travel and per diem 750 1,126 (376) 602 Postage 10,000 17,604 (7,604) 9,602 Election - local 16,200 11,874 4,326 18,171 Professional services (consultants) 1,000 - 1,000 90 Personnel recruitment - - - 1,439 Repairs and maintenance 500 271 229 82 Printing and binding 6,000 6,595 (595) 6,053 Publications and dues 750 688 62 686 Machinery and equipment - 93 (93) 962 Equipment lease /purchase 900 1,764 (864) 857 Relocation expense - - - 443 Contracted services 7,500 1,500 6,000 - Total clerk's department 158,930 154,011 4,919 152,970 Continued 36 Schedule 3 (Continued KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF EXPENDITURES AND TRANSFERS - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 1987 Finance department: Finance director salary Cashier salary Accountant salary Accounting clerk I salary Unemployment tax Social security tax Group insurance Workers' compensation Termination reserve Retirement contribution Continuing education Office supplies Telephone and telegraph Advertising and public hearings Travel and per diem Insurance and bonding Repairs and maintenance Printing and binding Publications and dues Furniture and fixtures Personnel recruitment Costs allocated to projects Total finance department Continued (7,644 7,644 1986 52,58` 21,32S 41,85; 28,30; 974 9,35E 4,97E 1,192 15,713 6,051 1,931 2,22E 152 1,642 6,102 18C 1,747 1,570 1,098 102 208,470 204,855 3,615 199,094 37 Variance Favorable Budget Actual ( Unfavorable ) $ 54,190 $ 53,797 $ 393 22,600 29,429 (6,829) 42,500 45,347 (2,847) 26,180 29,898 (3,718) 920 1,272 (352) 9,490 10,516 (1,026) 5,880 6,686 (806) 1,210 1,347 (137) 4,370 - 4,370 17,000 6,402 10,598 3,500 7,465 (3,965) 2,850 2,792 58 2,200 3,071 (871) 500 - 500 4,000 2,003 1,997 5,430 5,925 (495) 500 114 386 1,500 3,762 (2,262) 1,650 1,136 514 500 1,477 (977) 1,500 60 1,440 (7,644 7,644 1986 52,58` 21,32S 41,85; 28,30; 974 9,35E 4,97E 1,192 15,713 6,051 1,931 2,22E 152 1,642 6,102 18C 1,747 1,570 1,098 102 208,470 204,855 3,615 199,094 37 KODIAK ISLAND BOROUGH GENERAL FUND Schedule 3 (Continued STATEMENT OF EXPENDITURES AND TRANSFERS - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 1987 Variance Favorable Budget Actual ( Unfavorable Legal department: 47,880 Court costs and litigation 5,130 allowance $ 40,000 Telephone and telegraph 500 Advertising and public 27,814 hearings 12,500 Travel and per diem 5,000 Professional services 70,000 Miscellaneous 100 Fees 1,000 Printing and binding 200 Filing recording fees 1,200 Total legal department 130,500 Assessment department: $ 4,412 $ 35,588 73 427 16,431 39,090 156 400 95 2,219 62,876 (3,931) 5,000 30,910 (56) 600 105 (1,019 67,624 1986 Actual $ 34,691 62 12,690 505 51,122 805 89 447 1(M_411 Appraiser /assessor salary 47,880 42,750 5,130 50,038 Assessing clerk II salary 25,380 24,106 1,274 27,814 Assessing clerk I salary 22,550 14,049 8,501 24,963 Appraiser I salary 36,030 35,586 444 37,606 Unemployment tax 920 1,018 (98) 972 Social security tax 9,000 8,276 724 9,199 Group insurance 6,750 5,708 1,042 6,685 Workers' compensation 3,230 2,861 369 3,309 Termination reserve 1,890 - 1,890 - Retirement contribution 15,420 4,652 10,768 14,983 Continuing education 3,000 2,466 534 3,507 Office supplies 1,000 565 435 1,485 Telephone and telegraph 1,500 2,503 (1,003) 1,861 Advertising and public hearings 1,250 142 1,108 617 Travel and per diem 8,000 4,498 3,502 3,234 Repairs and maintenance 400 168 232 125 Printing and binding 7,000 3,619 3,381 5,764 Publications and dues 1,500 2,061 (561) 2,269 Furniture and fixtures 1,500 5,236 (3,736) 971 Boards and committees 900 - 900 - Personnel recruitment - 575 (575 91 Total assessment department 195,100 160,839 34,261 195,493 Continued 38 Schedule 3 (C ontinued) KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF EXPENDITURES AND TRANSFERS - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 Community development department: Planning director salary Zoning officer salary Assistant planner salary Secretary salary Unemployment tax Social security tax Group insurance Workers' compensation Termination reserve Retirement contribution Continuing education Office supplies Telephone and telegraph Advertising and public hearings Travel and per diem Repairs and maintenance Contracted services Printing and binding Publications and dues Machinery and equipment Furniture and fixtures Boards and committees Costs allocated to projects Total community development department Continued 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual $ 51,280 $ 53,205 $ (1,925) $ 51,497 31,210 31,698 (488) 31,352 42,450 40,156 2,294 38,640 24,500 25,626 (1,126) 24,549 920 1,173 (253) 1,180 9,980 10,122 (142) 9,284 5,640 6,395 (755) 5,531 3,760 3,774 (14) 3,520 2,670 - 2,670 - 17,460 6,436 11,024 15,840 2,800 2,507 293 4,476 2,000 2,472 (472) 3,008 1,350 2,161 (811) 1,589 10,000 3,123 6,877 5,844 2,650 1,608 1,042 4,221 - 57 (57) 258 - - - 9,761 5,000 9,758 (4,758) 6,283 1,500 1,972 (472) 2,371 - 8,711 (8,711) - 500 33 467 2,875 8,400 8,410 (10) 7,862 - (827 827 (24,108 224,070 218,570 5,500 205,833 a7 ff t Schedule 3 (Continued KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF EXPENDITURES AND TRANSFERS - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 Engineering department: Engineer salary Construction inspector salary Draftsman salary Secretary salary Unemployment tax Social security tax Group insurance Workers' compensation Termination reserve Retirement contribution Continuing education Office supplies Telephone and telegraph Advertising and public hearings Travel and per diem Repairs and maintenance Printing and binding Publications and dues Machinery and equipment Costs allocated to projects Operating supplies Contracted services Total engineering department Continued 40 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual $ 57,520 $ 59,372 $ (1,852) $ 56,995 50,840 52,724 (1,884) 52,868 33,770 35,149 (1,379) 32,741 25,240 25,133 107 25,700 920 1,140 (220) 920 10,210 10,367 (157) 9,990 6,750 8,383 (1,633) 6,562 4,240 4,277 (37) 4,217 2,810 - 2,810 - 19,560 7,187 12,373 18,810 3,000 1,858 1,142 1,239 1,200 2,020 (820) 1,401 1,000 1,465 (465) 1,200 - - - 58 1,500 - 1,500 - 1,000 287 713 653 2,000 1,803 197 1,800 750 467 283 464 - 2,095 (2,095) 17,945 (90,000) (106,995) 16,995 (165,321) 2,200 2,457 (257) 4,385 - 24,937 (24,937 - 134,510 134,126 384 72,627 40 Schedule 3 (Conti KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF EXPENDITURES AND TRANSFERS - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 1987 Health and sanitation: Council on Alcoholism Hospital support Ambulance service Village health services Chiniak Community Association Kodiak Area Native Association Women's Resource Center Kodiak Baptist Mission Contribution Health Center support Contracted services Animal control Total health and sanitation Continued Budget Actual $ 42,000 $ 38,500 250,000 218,750 50,000 50,000 48,000 42,000 15,000 15,000 16,000 14,000 22,000 19,250 60,000 52,500 300 300 28,080 24,565 25,000 25,065 556,380 499,930 Variance Favorable ( Unfavorable ) $ 3,500 31,250 6,000 2,000 2,750 7,500 3,515 (65 56,450 1986 Actual $ 28,000 277,717 50,000 48,000 16,000 22,000 60,000 1,799 503,516 41 Schedule 3 (Continued) Continued 42 KODIAK ISLAND BOROUGH ' GENERAL FUND STATEMENT OF EXPENDITURES AND TRANSFERS - BUDGET AND ACTUAL ' (Continued) Year ended June 30, 1987 ' with comparative figures for 1986 1987 Variance ' Favorable 1986 Budget Actual ( Unfavorable ) Actual ' Data services: Data processing manager salary $ 44,470 $ 46,262 $ (1,792) $ 46,311 Programmer /analyst salary 39,730 47,532 (7,802) 19,033 Data technician I salary 27,400 28,697 (1,297) 27,091 Programmer salary _ - - 4,333 Other staff wages 4,676 (4,676) Unemployment tax 690 953 (263) 718 Social security tax 7,800 8,883 (1,083) 6,361 ' Group insurance 7,470 8,663 (1,193) 5,934 Workers' compensation 930 1,048 (118) 773 Termination reserve 2,210 - 2,210 - Retirement contribution 13,040 5,213 7,827 10,482 ' Professional education 9,500 6,347 3,153 11,741 Office supplies 500 762 (262) 1,338 Telephone and telegraph 1,600 1,844 (244) 1,921 ' Travel and per diem 1,000 58 942 Relocation expenses 2,836 Professional services 8,000 8,200 (200) - ' Repairs and maintenance 28,880 23,455 5,425 29,651 Printing and binding 300 288 12 190 Publications and dues 1,040 960 80 665 Furniture and fixtures 2,450 526 1,924 3,089 Machinery and equipment 55,000 62,291 (7,291) 59,722 Equipment lease /purchase 22,640 10,596 12,044 23,718 Operating supplies 8,070 13,288 (5,218) 6,439 ' Personnel recruitment 1,500 1,500 3,386 Advertising /hearing _ 225 Costs allocated to projects - (3,132 3,132 - Total data services 284,220 277,410 6,810 265,957 Continued 42 Schedule 3 (Continued KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF EXPENDITURES AND TRANSFERS - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 Resource management: Manager salary Social security tax Group insurance Retirement contribution Unemployment tax Workers' compensation Office supplies Telephone and telegraph Travel and per diem Continuing education Furniture and fixtures Printing and binding Publications and dues Staff wages /temporary help Termination reserve Advertising /hearing Fees Machinery and equipment Total resource management Continued 1987 Variance Favorable Budget Actual ( Unfavorable ) 1986 $ 36,090 $ 38,514 $ (2,424) $ 37,849 2,580 2,677 (97) 2,626 2,780 2,888 (108) 2,545 4,220 1,599 2,621 4,148 230 292 (62) 237 1,020 1,063 (43) 1,048 300 300 - 547 1,200 1,576 (376) 1,420 880 404 476 1,067 1,000 1,098 (98) 456 - - - 308 500 1,420 (920) 299 300 301 (1) 389 - - - 153 580 - 580 - - - - 126 - - - 68 620 1,192 (572 - 52,300 53,324 (1,024 53,286 43 Schedule 3 (C ontinued) KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF EXPENDITURES AND TRANSFERS - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 1987 Variance Favorable Budget Actual ( Unfavorable ) General administration: Secretary salary Switchboard operator salary Unemployment tax Social security tax Group insurance Workers' compensation Termination reserve Retirement contribution Continuing education Office supplies Rent Street assessments Street signs and house numbers Printing and binding Automobile repairs and maintenance Insurance and bonding Repairs and maintenance Audits and consultants Capital outlay - automotive Capital outlay - machinery and equipment Contributions Miscellaneous Personnel recruitment Bad debt expense Food /business lunch Training staff Telephone and telegraph Advertising /hearing Out of pocket expense Contracted services Total general administration Continued 1986 $ 24,270 $ 25,943 $ (1,673) $ 24,072 15,000 18,293 (3,293) - 230 627 (397) 214 1,740 3,163 (1,423) 1,711 1,670 1,893 (223) 1,499 200 367 (167) 200 - (7,053) 7,053 (10,359) 2,840 2,078 762 2,671 5,250 5,279 (29) (942) 750 816 (66) 1,096 110,020 110,020 - 110,020 - 18,858 (18,858) - 1,500 950 550 21,011 - 773 (773) 235 7,000 5,919 1,081 5,256 75,000 87,181 (12,181) 12,477 - 57 (57) 72 69,000 52,349 16,651 61,119 - - - 11,029 1,500 1,049 451 1,536 82,200 82,200 - 26,500 - 885 (885) - - 53 (53) - 1,200 - 1,200 - 1,000 792 208 908 - - - 646 1,000 1,109 (109) 511 - - - 96 25,000 24,700 300 16,951 - 4,120 (4,120 - 426,370 442,421 (16,051 288,529 44 Schedule 3 (Co KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF EXPENDITURES AND TRANSFERS - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 1987 Building inspector's department: Building official salary Unemployment tax Social security tax Group insurance Workers' compensation Retirement contribution Telephone and telegraph Advertising and public hearings Travel and per diem Printing and binding Contracted services Continuing education Publications and dues Termination reserve Furniture and fixtures Office supplies Costs allocated to projects Total building inspector's department Emergency preparedness: Telephone and telegraph Printing and binding Repairs and maintenance Travel and per diem Machinery and equipment Total emergency preparedness Continued 1,000 1,382 Variance 200 51 Favorable Budget Actual ( Unfavorable ) $ 49,060 $ 52,302 $ (3,242) 230 293 (63) 3,000 2,990 10 1,910 2,163 (253) 1,390 1,402 (12) 5,740 2,108 3,632 500 959 (459) 1,000 1,382 (382) 200 51 149 20,000 3,388 16,612 3,700 1,210 2,490 1,200 1,977 (777) 2,800 - 2,800 100 6 94 - (5,602 5,602 1986 E 52,897 227 2,949 1,909 1,413 5,603 600 185 129 298 4,767 1,912 71 159 90,830 64,629 26,201 73,119 2,500 - 2,500 - 10,000 6,500 3,500 3,678 2,500 - 2,500 - 20,000 15,156 4,844 - 35,000 21,656 13,344 3,678 45 Schedule 3 (Continued KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF EXPENDITURES AND TRANSFERS - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 1987 Facilities coordinator department: Managerial salaries Construction inspectors salaries Secretary salary Unemployment tax Social security tax Group insurance Workers' compensation Termination reserve Retirement contribution Office supplies Telephone and telegraph Advertising and public hearing Travel and per diem Repairs and maintenance Personnel recruitment Printing and binding Publications and dues Continuing education Professional services Costs allocated to projects Furniture and fixtures Contracted services Total facilities coordinator department Continued Budget $ 51,900 42,160 22,700 690 7,620 4,840 2,860 2,300 13,650 1,000 4,000 �=11111 2,000 400 5,000 10,000 (125,000) 3,000 Variance Favorable 1986 Actual ( Unfavorable ) Actual $ 50,542 44,601 28,982 1,160 8,581 3,554 2,275 5,020 2,363 4,738 3,873 1,466 78 237 3,650 467 318 1,703 (129,365) 1,256 14,572 $ 1,358 (2,441) (6,282) (470) (961) 1,286 585 2,300 8,630 (1,363) (738) (3,373) (1,466) (78) (237) (1,650) (67) 4,682 8,297 4,365 1,744 (14,572 56,557 28,567 20,792 797 6,698 4,453 2,581 11,879 2,274 3,307 41 65 2,301 2,035 632 1,869 (64,020) 2,044 49,620 50,071 (451 82,872 46 Schedule 3 (Continued KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF EXPENDITURES AND TRANSFERS - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 Community and regional affairs liaison: Telephone and telegraph Printing and binding Travel and per diem Office supplies Postage Rent Total community and regional affairs liaison Education support: Library Community college Village libraries Public radio Insurance Professional services Out of pocket expense Historical Society Total education support Continued 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual $ 1,000 $ 4,077 $ (3,077) $ 2,113 500 289 211 205 - - - (30) - - - 60 300 247 53 99 7,980 - 7,980 - 9,780 4,613 60,000 60,000 32,000 32,000 24,500 24,500 8,000 8,000 18,000 15,590 7,000 9,240 5,000 5,000 5,167 2,447 - 60,000 - 33,000 - 24,500 - 7,500 - 242,501 2,410 22,000 (2,240) 3,357 154,500 154,330 170 392,858 47 Schedule 3 (Continued) KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF EXPENDITURES AND TRANSFERS - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 Economic development: Manager salary Social security tax Group insurance Retirement contribution Unemployment tax Workers' compensation Office supplies Telephone and telegraph Personnel recruitment Travel and per diem Printing and binding Publications and dues Advertising /hearing Contracted services Machinery and equipment Total economic development Total expenditures Transfers to other funds: Special Revenue Funds: Mental Health Center Education Buildings and grounds Debt Service Funds: School bonds Other Capital Projects Funds: Hospital improvements Total transfers to other funds 80,000 1987 - 60,000 1,746,800 1,746,800 Variance 163,100 163,100 Favorable 1986 Budget Actual ( Unfavorable ) Actual - - $ 36,000 $ 41,760 $ (5,760) $ - 2,570 2,986 (416) - 1,350 1,687 (337) - 4,210 1,783 2,427 - 230 448 (218) - 1,020 347 673 - 500 131 369 - 1,500 893 607 - 500 - 500 - 4,000 3,902 98 - 6,000 2,774 3,226 - 200 505 (305) - - 677 (677) - 7,620 7,306 314 - 4,000 5,438 (1,438 - 69,700 70,637 (937 - 2,954,870 2,743,768 211,102 2,773,710 80,000 80,000 - 60,000 1,746,800 1,746,800 - 1,270,000 163,100 163,100 - 26,610 383,220 390,273 (7,053) 286,690 - - - 10,359 - - - 123,810 2,373,120 2,380,173 $5,327,990 $5,123,941 (7,053 $ 204,049 1,777,469 $4,551,179 48 SPECIAL REVENUE FUNDS These funds are used to account for revenues from specific taxes or other ear- marked revenue sources which by law are designated to finance particular functions or activities of government. LAND SALES FUND The Land Sales Fund accounts for the disposal of Borough -owned lands. The pro- ceeds of land disposals are generally limited to management of Borough lands. FIRE AND ROAD SERVICE DISTRICTS These funds account for the activities related to service districts established by the voters within the district to provide road services and fire protection within the service area. The primary sources of revenues are property taxes and state - shared revenues directly related to road services of fire protection within the service area. FEDERAL REVENUE SHARING This fund accounts for the receipt and expenditure of money received under the Federal Revenue Sharing Program. MENTAL HEALTH CENTER This fund accounts for the operations of a mental health center financed by a State of Alaska contract and user fees. ENERGY FUND This fund accounts for State of Alaska and Federal grants related to the effects of coastal energy development impacts. Expenditures of these grants are for comprehensive plans, coastal sensitivity analysis, outer continental shelf impact analysis, ordinance update and planning and zoning. DAY CARE FUND This fund accounts for a State of Alaska grant to finance day care for children of low- income, employed families. EDUCATION This fund accounts for the operations of the Kodiak Island Borough School District. The School District is a component unit of the Kodiak Island Borough. BUILDING AND GROUNDS This fund accounts for the operations and maintenance of certain buildings and grounds owned by the Borough which are jointly shared with the City of Kodiak, the Kodiak Island Borough School District, the State of Alaska, the Kodiak Island Borough and certain not - for - profit community organizations. KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET ' June 30, 1987 with comparative totals for 1986 i IR k Fire and Road Service Fire District Road ' Women's Monashka District Women's ASSETS Land Sales Area 1 Bay Bay One Bay Equity in central treasury $ 409,768 $ - $25,913 $7,066 $31,374 $18,974 , Temporary investments 1,568,379 500,000 - - - - Other cash balances - - - - - - Receivables: State of Alaska - - - - - - Federal government - - - - - - Land sales contract, due within one year 297,696 - - - - - Accrued interest 101,787 - Other 18,032 - - - - - Allowance for doubtful receivables (18,252) - - - - - E Inventories - - - - - - Prepaids - 2,208 1,104 - - - Land sales contracts receivable, , due after one year 2,090,860 - - - - - i $4,468,270 $502,208 $27,017 $7,066 $31,374 $18,974 LIABILITIES AND FUND BALANCES (DEFICITS ` a Liabilities: Bank overdraft $ - $ - $ - $ - $ Advance from central treasury - 226,342 - - - - Accounts payable - 486 424 59 - - Salaries payable - - - - - - Payroll taxes accrued and withheld - - Employee benefits accrued and withheld - 94 - - - - Other accrued liabilities - - - Customer deposits - - 300 - - - Deferred and unrealized revenues 2,388,555 - - Due to other funds - - - - - - Total liabilities 2,388,555 226,922 724 59 - - Fund balances (deficits): Reserved for encumbrances - - - 150 - - ' Reserved for fuel inventory - - - - - - Unreserved: Designated for subsequent year expenditures - - - - - - , Undesignated 2,079,715 275,286 26,293 6,857 31,374 18,974 Total fund balances (deficits) 2,079,715 275,286 26,293 7,007 31,374 18,974 $502,208 $27,017 $7,066 $31,374 $18,974 ' $4,468,270 i 1 49 Federal and State Grant Programs Schedule 4 - - 200 - - 175,327 - - - 72,166 1,700 177,377 141,602 - 72,166 62,098 3 327,203 500,000 (1,223 91,973 211,092 - 401 51,2 - (50,751 2,741,209 3,618,925 (1,223 91,973 211,292 - 401 625,914 (49,051 3,317,955 4,322,625 $ $91,973 $217,245 $ $12,328 $2,253,648 $281,458 $7,911,561 $8,503,526 50 Federal Mental Buildings Totals Bay View Revenue Health and Road Sharing Center Energy Day Care Education Grounds 1987 1986 $ _ $91,973 $ 21,937 $ _ $ 292 $1,551,770 $ _ $2,159,067 $2,755,027 2,068,379 2,000,000 - - 100 - 35,120 - 35,220 31,079 56,173 _ 12,036 420,489 _ 48 495,651 344,845 - - - - - - - 297,696 251,261 - _ 101,787 88,420 - _ 148,475 - - 2,873 169,380 196,617 (37,359) _ _ - _ (55,611) (26,500) 225,172 225,172 224,616 27,919 = = 18,224 281,458 330,913 29,805 - 2,090,860 2,112,705 $ - $91,973 $217,245 $ - $12,328 $2,253,648 $281,458 $7,911,561 $8,503,526 _ $ _ $ _ S 83,404 1,223 _ 321,766 549,331 5,610 - - 5,347 - 11,927 101,944 8,743 128,930 125,700 - - - - - 779,072 - 779,072 823,977 - _ _ 510,955 _ 510,955 316,615 606 103,895 104,595 172,821 ' - - - - - - 160,110 - - - - - - 300 300 80,064 _ 2,468,619 2,416,662 51,804 51,804 75,702 1,223 - 5,953 - 11,927 1,627,734 330,509 4,593,606 4,180,901 - - 200 - - 175,327 - - - 72,166 1,700 177,377 141,602 - 72,166 62,098 3 327,203 500,000 (1,223 91,973 211,092 - 401 51,2 - (50,751 2,741,209 3,618,925 (1,223 91,973 211,292 - 401 625,914 (49,051 3,317,955 4,322,625 $ $91,973 $217,245 $ $12,328 $2,253,648 $281,458 $7,911,561 $8,503,526 50 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES (DEFICITS) Year ended June 30, 1987 with comparative totals for 1986 Revenues: Property taxes State sources Federal sources Land sale proceeds Licenses, permits, fees and other local revenues Investments and property Total revenues Expenditures: Planning and community development Health and sanitation Education support General administration Capital improvements: General Service district maintenance Total expenditures Excess (deficiency) of revenues over expenditures Operating transfers from other funds Operating transfers to other funds Net operating transfers Excess (deficiency) of revenues and transfers from other funds over expenditures and transfers to other funds Fund balances at beginning of year Adjustments to reserve for fuel inventory Fund balances (deficits) at end of year Fire and Road Service District ' Fire Road Women's Monashka District Women's Land Sales Area 1 Bay Bay One Bay $ - $130,998 $11,179 $18,892 - 26,746 2,977 5,087 493,230 - - - 34,816 9,505 5,500 - 158,711 15,261 - 686,757 182,510 19,656 23,979 2,433 - - - - 91,255 19,303 - 22,682 16,046 7,104 - - - - 25,113 25,115 107,301 26,407 25,113 $ 21,670 $13,164 1,655 21,782 10,000 23,325 44,946 40,838 29,251 40,838 29,251 661,642 75,209 (6,751 (1,134 (17,513 15,695 - 1,070 - - - - , (1,052,300 - - - - - (1,052,300 1,070 - - - - (390,658) 76,279 (6,751) (1,134) (17,513) 15,695 2,470,373 199,007 33,044 8,141 48,887 3,279 $ 2,079,715 $275,286 $26,293 $ 7,007 $ 31,374 $18,974 I �, 51 1 Schedule 5 ' Federal and State Grant Programs Buildings Totals Federal Mental Bay View Revenue Health and Road Sharing Center Energy Day Care Education Grounds 1987 1986 ' $ - $ - $ - $ - $ - $ - $ - $ 195,903 $ 162,504 - - 624,887 7,146 168,256 11,396,012 - 18,254,548 20,958,760 - 38,228 - - - 582,850 - 621,078 977,994 _ - = _ - - 493,230 535,223 _ 335,927 261,339 - 657,087 577,100 - 6,104 18,104 - - - 277,456 475,636 460,225 Y ' - 44,332 978,918 7,146 168,256 18,240,201 277,456 20,697,482 23,671,806 - - - 7,146 - - - 9,579 58,415 3 - 94,100 1,028,480 - 168,682 - - 1,291,262 1,273,217 - 14,500 - - - 15,147,496 - 15,161,996 16,031,440 - 45,400 - - - - 651,060 807,018 471,591 - _ _ _ _ _ _ 45,832 140,331 1,223 96,425 135,062 1,223 154,000 1,028,480 7,146 168,682 15,147,496 651,060 17,412,112 18,110,056 (1,223 (109,668 (49,562 - (426 3,092,705 (373,604 ) 3,285 370 5,561,750 80,000 _ _ 1,999,492 163,100 2,243,662 1,356,610 (9,353 (5,482,117 (6,543,770 (7,068,711 - - 70,647 - - (3,482,625 163,100 (4,300,108 (5,712,101 (1,223) (109,668) 21,085 - (426) (389,920) (210,504) (1,014,738) (150,351) i - 201,641 190,207 - 827 1,005,766 161,453 4,322,625 4,482,878 - - - - - 10,068 - 10,068 (9,902 ' $(1,223 $ 91,973 $ 211,292 $ - $ 401 $ 625,914 $ (49,051 $ 3,317,955 $ 4,322,625 52 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS LAND SALES STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 Revenues: Land sales proceeds Penalty and interest Permit fees Investment income Gravel sales Total revenues 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual $ 450,900 $ 493,230 1,100 1,262 10,000 10,025 110,000 158,711 60,000 23,529 632,000 686,757 Expenditures: Capital improvement - general: Survey and appraisal 80,500 9,132 Support costs - 13,550 Planning and community development: Land management 1,378,910 2,433 Total expenditures 1,459,410 25,115 Excess (deficiency) of revenues over expenditures (827,410) Transfers to other funds 1,067,590 Excess (deficiency) of revenues over expenditures and transfers to other funds (1,895,000) Fund balance at beginning 661,642 1,052,300 $ 42,330 162 25 48,711 (36,471 54,757 71,368 (13,550) 1,376,477 1,434,295 1,489,052 15,290 (390,658) 1,504,342 of year 2,470,373 2,470,373 Fund balance at end of year $ 575,373 $2,079,715 $1,504,342 $ 535,223 1,805 15,000 112,026 89,313 753,367 139,787 100 1,569 141,456 611,911 844,984 (233,073) 2,703,446 $2,470,373 53 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS FIRE AND ROAD SERVICE DISTRICTS - FIRE AREA 1 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 Schedule 7 54 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual Revenues: Property taxes $110,800 $130,998 $20,198 $110,437 State shared revenue 24,010 26,746 2,736 19,248 Licenses, permits, fees and other local revenues 9,000 9,505 505 9,018 Investments and property 5,190 15,261 10,071 15,252 Total revenues 149,000 182,510 33,510 153,955 Expenditures: Capital improvements: General 20,000 16,046 3,954 200 General services 134,000 96,255 37,745 97,427 Total expenditures 154,000 112,301 41,699 97,627 Less charged to federal revenue sharing 5,000 5,000 - 5,000 Net expenditures 149,000 107,301 41,699 92,627 Excess of revenues over expenditures - 75,209 75,209 61,328 Transfers from (to) other funds - 1,070 1,070 (6,263 Excess of revenues and transfers from other funds over expen- ditures and transfers to other funds - 76,279 76,279 55,065 Fund balance at beginning of year 199,007 199,007 - 143,942 Fund balance at end of year $199,007 $275,286 $76,279 $199,007 54 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS FIRE AND ROAD SERVICE DISTRICTS - FIRE WOMEN'S BAY STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 Schedule 8 55 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual Revenues: Property taxes $11,180 $11,179 $ (1) $19,368 State shared revenue 2,000 2,977 977 1,417 Licenses, permits, fees and other local revenues 7,200 5,500 (1,700 8,400 Total revenues 20,380 19,656 (724 29,185 Expenditures - general services: Office supplies 1,200 88 1,112 508 Telephone and telegraph 300 437 (137) 363 Insurance and bonding 9,000 14,099 (5,099) 8,211 Repairs and maintenance 1,500 882 618 863 Utilities 6,500 4,036 2,464 5,274 Capital outlay 4,600 7,104 (2,504) 244 Other 6,500 4,761 1,739 2,827 Total expenditures 29,600 31,407 (1,807) 18,290 Less charged to federal revenue sharing 5,000 5,000 - 5,000 Net expenditures 24,600 26,407 (1,807 13,290 Excess (deficiency) of revenues over expenditures (4,220) (6,751) (2,531) 15,895 Fund balance at beginning of year 33,044 33,044 - 17,149 Fund balance at end of year $28,824 $26,293 $(2,531 $33,044 55 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS FIRE AND ROAD SERVICE DISTRICTS - ROAD MONASHKA BAY STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 Revenues: Property taxes State shared revenue Total revenues Expenditures - service district maintenance Excess (deficiency) of revenues over expenditures Fund balance at beginning of year Fund balance (deficit) at end of year 1987 Variance Favorable Budget Actual ( Unfavorable ) $ 18,900 $18,892 6,000 5,087 24,900 23,979 $ ( (913 (921 37,810 25,113 Schedule 9 1986 Actual $16,886 7,312 24,198 12,697 28,110 (12,910) (1,134) 11,776 (3,912) 8,141 8,141 - 12,053 $ (4,769 $ 7,007 $11,776 $ 8,141 56 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS FIRE AND ROAD SERVICE DISTRICTS - ROAD DISTRICT 1 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 Schedule 10 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual Revenues: Property taxes $ 21,670 $ 21,670 $ - $13,661 State shared revenue 11,570 1,655 (9,915 11,819 Total revenues 33,240 23,325 (9,915 25,480 Expenditures - capital improvements - service district maintenance: Salaries 720 1,133 (413) 1,887 Repairs and maintenance 25,000 21,663 3,337 - Contracted services 24,000 17,810 6,190 18,286 Other 200 232 (32 268 Net expenditures 49,920 40,838 9,082 20,441 Excess (deficiency) of revenues over expenditures (16,680) (17,513) (833) 5,039 Fund balance at beginning of year 48,887 48,887 - 43,848 Fund balance at end of year $ 32,207 $ 31,374 $ (833 $48,887 57 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS FIRE AND ROAD SERVICE DISTRICTS - ROAD WOMEN'S BAY STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 Revenues: Property taxes State shared revenue Licenses, permits, fees and other local revenues Total revenues Expenditures - capital improvements - service district maintenance: Staff salaries Advertising and public hearings Contracted services Other Net expenditures Excess (deficiency) of revenues over expenditures Fund balance at beginning of year Fund balance (deficit) at end of year 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual $ 13,155 $13,164 $ 9 $ 2,152 28,000 21,782 (6,218) 28,749 10,000 10,000 - 5,000 51,155 44,946 (6,209 35,901 300 460 (160) 596 300 56 244 137 84,500 28,691 55,809 85,763 900 44 856 15 86,000 29,251 56,749 86,511 (34,845) 15,695 50,540 (50,610) 3,279 3,279 - 53,889 $(31,566 $18,974 $50,540 $ 3,279 58 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS BAY VIEW ROAD SERVICE DISTRICT STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 Revenues Expenditures: Staff salaries Rent Advertising /hearings Snow removal /sanding Total expenditures Excess (deficiency) of revenues over expenditures Fund balance at beginning of year Fund balance (deficit) at end of year Schedule 12 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual - 245 (245) - - 16 (16) - - 68 (68) - - 894 (894 - - 1,223 (1,223 - - (1,223) (1,223) - $ - $(1,223 $(1,223 59 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS FEDERAL AND STATE GRANT PROGRAMS - FEDERAL REVENUE SHARING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 Revenues: Federal shared revenue entitlement payments Investment income Total revenues Expenditures: Health and sanitation contributions: Women's Resource Crisis Center Council on Alcoholism Small World Center Senior citizen support Health center American Red Cross Mental Health Center Respite care Education contributions: Kodiak Community College Head Start Program General services: Kodiak Historical Society Alaska Legal Services Kodiak Art Council Special Olympics Women's Bay Fire District Fire Service District 1 KMXT Public Radio Total expenditures Excess (deficiency) of revenues over expenditures Fund balance at beginning of year Fund balance at end of year Schedule 13 15,000 1987 14,000 22,000 22,000 - 22,000 Variance 20,000 - 22,400 20,000 Favorable 1986 Budget Actual ( Unfavorable ) Actual $ 4,000 $ 38,228 $34,228 $182,362 5,000 6,104 1,104 2,882 9,000 44,332 35,332 185,244 15,000 15,000 - 14,000 22,000 22,000 - 22,000 20,000 20,000 - 22,400 20,000 20,000 - 14,000 1,600 1,600 - - 2,500 2,500 - 2,000 10,000 10,000 - 10,000 3,000 3,000 - - 5,000 5,000 - 6,000 9,500 9,500 - 3,600 2,900 2,900 - 3,500 20,000 20,000 - 18,000 7,500 7,500 - 6,000 3,000 3,000 - - 5,000 5,000 - 5,000 5,000 5,000 - 5,000 2,000 2,000 - 2,500 154,000 154,000 - 134,000 (145,000) (109,668) 35,332 51,244 201,641 201,641 - 150,397 $ 56,641 $ 91,973 $35,332 $201,641 60 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS FEDERAL AND STATE GRANT PROGRAMS - MENTAL HEALTH CENTER STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 Schedule 14 Continued 61 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual Revenues: State sources: Grant $ 195,700 $ 195,700 $ - $233,900 Shared revenue 333,714 331,072 (2,642) 316,230 CSP grants 110,600 98,115 (12,485) 107,413 Organization user fees 147,180 176,777 29,597 150,512 Individual user fees 157,290 158,263 973 144,811 Rental fees 12,000 12,000 - 12,000 Interest 12,000 6,104 (5,896) 15,252 Miscellaneous 500 887 387 1,957 Total revenues 968,984 978,918 9,934 982,075 Expenditures - health and sanitation - mental health program: Personnel 801,495 749,626 51,869 716,433 Travel 10,500 18,246 (7,746) 20,044 Facility 44,795 52,713 (7,918) 44,821 Supplies 44,209 47,559 (3,350) 89,940 Equipment 26,660 23,816 2,844 14,169 Other 151,325 118,390 32,935 95,149 Bad debts - 28,130 (28,130 10,985 1,078,984 1,038,480 40,504 991,541 Less charged to federal revenue sharing 10,000 10,000 - 10,000 Net expenditures 1,068,984 1,028,480 40,504 981,541 Excess (deficiency) of revenues over expenditures (100,000 (49,562 50,438 534 Transfers from other funds 80,000 80,000 - 60,000 Transfers to other funds - (9,353 (9,353 (55,498 Net transfers 80,000 70,647 (9,353 4,502 Continued 61 Schedule 14 (Continued KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS FEDERAL AND STATE GRANT PROGRAMS - MENTAL HEALTH CENTER STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 Excess (deficiency) of revenues and transfers from other funds over expenditures and transfers to other funds Fund balance at beginning of year Fund balance at end of year 1987 Variance Favorable Budget Actual ( Unfavorable ) $ (20,000) $ 21,085 190,207 190,207 $ 170,207 $ 211,292 1986 Actual $ 41,085 $ 5,036 $ 41,085 185,171 $190,207 62 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS FEDERAL AND STATE GRANT PROGRAMS - ENERGY STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 Revenues: State sources: Community and regional affairs grant 1986 Community and regional affairs grant 1985 Total revenues Expenditures - planning and community development: Ordinance update Planning and zoning Total expenditures Excess of revenues over expenditures Fund balance at beginning of year Fund balance at end of year Schedule 15 W 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual $7,146 $7,146 $ - $ 24,854 - - - 31,992 7,146 7,146 - 56,846 - - - 31,992 7,146 7,146 - 24,854 7,146 7,146 - 56,846 W KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS FEDERAL AND STATE GRANT PROGRAMS - DAY CARE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual Revenues from State of Alaska $169,642 $168,256 $(1,386) $207,762 Expenditures - day care payments 169,642 168,682 960 207,276 Excess of revenues over expenditures - (426) (426) 486 Fund balance at beginning of year 827 827 - 341 Fund balance at end of year $ 827 $ 401 $ (426 $ 827 64 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS EDUCATION STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 Revenues: State sources Federal sources Food sales Pupil activities Other local revenues Total revenues Schedule 17 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual $17,835,974 $17,396,012 895,670 582,850 92,150 86,435 9,300 5,113 188,873 169,791 19,021,967 18,240,201 $(439,962) (312,820) (5,715) (4,187) (19,082) (781,766 Expenditures: Regular instruction Vocational education instruction Correspondence study instruction Special education instruction Bilingual /bicultural education instruction Supporting services - pupils Supporting services - instruction General support services Operation and maintenance Pupil transportation Food services Community services Pupil activities Total expenditures Excess of revenues over expenditures Transfers from other funds Transfers to other funds Net transfers Continued 6,388,145 6,167,304 674,455 708,658 110,156 109,363 1,232,550 1,178,924 134,574 152,242 803,732 822,375 688,424 644,054 1,923,673 2,048,523 2,640,337 2,394,558 437,402 428,581 265,798 227,874 68,590 54,789 231,654 210,251 15,599,490 15,147,496 220,841 (34,203) 793 53,626 (17,668) (18,643) 44,370 (124,850) 245,779 8,821 37,924 13,801 21,403 451,994 $19,968,064 795,632 99,910 6,495 44,879 20,914,980 5,954,843 765,569 110,616 1,176,791 152,168 831,484 1,022,994 2,051,277 2,871,177 412,290 285,216 100,313 287,102 16,021,840 3,422,477 3,092,705 (329,772 4,893,140 2,043,834 1,999,492 (44,342) 1,270,000 (6,054,104 (5,482,117 571,987 (6,161,966 (4,010,270 (3,482,625 527,645 (4,891,966 65 Schedule 17 (Continued KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS EDUCATION STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 Excess (deficiency) of revenues and transfers from General Fund over expenditures and transfers to School Bond Debt Service Fund Fund balance at beginning of year Adjustment to reserve for fuel inventory Fund balance at end of year 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual $ (587,793 $ (389,920) $ 197,873 1,005,766 10,068 $ 625,914 $ 1,174 1,014,494 (9,902 $ 1,005,766 W KODIAK ISLAND BOROUGH Schedule 18 SPECIAL REVENUE FUNDS BUILDINGS AND GROUNDS STATEMENT OF REVENUES, EXPENDITURES AND ' F CHANGES IN FUND BALANCE - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual Revenues: Fines and forfeitures $ - $ - $ - $ 200 Rental 284,710 277,456 (7,254) 283,639 Sales of property and equipment 6,880 - (6,880) - Interest income 10,000 - 1( 0,000 18,974 Total revenues 301,590 277,456 (24,134 302,813 Expenditures: School buildings 375,000 368,519 6,481 - Borough building 285,680 211,500 74,180 269,775 Apartments 43,500 46,021 (2,521) 37,824 Refuse collection and disposal 22,300 20,157 2,143 14,610 Parks operation and maintenance 6,000 4,863 1,137 3,909 Total expenditures 732,480 651,060 81,420 326,118 Excess (deficiency) of revenues over expenditures (430,890) (373,604) 57,286 (23,305) Transfers from General Fund 163,100 163,100 - 26,610 Excess (deficiency) of revenues and transfers from General Fund over expenditures (267,790) (210,504) 57,286 3,305 Fund balance at beginning of year 161,453 161,453 - 158,148 Fund balance (deficit) at end of year $(106,337 $ (49,051 $ 57,286 $161,453 67 DEBT SERVICE FUND These funds were established to finance and account for the payment of interest and principal on all general obligation debt, serial and term, other than that payable exclusively from special assessments and revenue debt issued for and serviced by a governmental enterprise. Formerly called a Sinking Fund. HOSPITAL DEBT SERVICE FUND This fund accounts for the accumulation of monies for payment of principal and interest on $300,000 of Hospital term bonds which matured on May 1, 1987. SCHOOL DEBT SERVICE FUND This fund accounts for the accumulation of money for payment of principal, interest and fiscal agent fees related to serial bond debt incurred by the Borough to construct schools. OTHER DEBT SERVICE FUND This fund accounts for the accumulation of money to pay the long -term por- tion of the Borough's vested accrued annual leave. KODIAK ISLAND BOROUGH DEBT SERVICE FUNDS COMBINING BALANCE SHEET June 30, 1987 with comparative figures for 1986 ASSETS Cash and investments: Equity in central treasury Temporary cash investments Cash with fiscal agent Receivable from State of Alaska Accrued interest receivable Hospital School Bond Bonds $ - $ - $144,215 $ 144,215 $ 782,426 6,221,603 - 6,221,603 4,650,000 - 1,462,905 - 1,462,905 2,428,664 - 244,517 - 244,517 - 95,236 - 95,236 83,727 $ - $8,024,261 $144,215 $8,168,476 $7,944,817 Totals Other 1987 1986 LIABILITIES AND FUND BALANCES Advance from central treasury $ - $ 744,969 $ - $ 744,969 $ 39,381 Fund balances - designated for subsequent year expenditures - 7,279,292 144,215 7,423,507 7,905,436 $ - $8,024,261 $144,215 $8,168,476 $7,944,817 W. Schedule 20 KODIAK ISLAND BOROUGH DEBT SERVICE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES Year ended June 30, 1987 with comparative figures for 1986 Hospital School Bond Bonds Revenues from interest income Expenditures - debt service: Principal Interest Fiscal agent fees Other Total expen- ditures Excess (deficiency) of revenues over expenditures Transfers from other funds: General Fund Special Revenue Funds: Fire Service District Area 1 Mental Health Center Education 1980 School Board Improve- ments Capital Projects Fund Hospital Debt Service Fund Continued Totals Other 1987 $ 18,313 $ 412,578 $ - $ 430,891 $ 572,067 300,000 4,450,417 14,625 1,689,551 151 82,661 396 - 315,172 6,222,629 (296,859 (5,810,051 - 383,220 5,226,425 - 4,750,417 5,080,000 - 1,704,176 1,655,895 - 82,812 71,667 - 396 - 6,537,801 6,807,562 (6,106,910 (6,235,495 7,053 390,273 9,353 9,353 - 5,226,425 297,049 6,263 55,498 6,161,556 - - - 500,000 12,248 - 12,248 13,750 5,621,893 16,406 5,638,299 7,034,116 69 Schedule 20 (Continued KODIAK ISLAND BOROUGH DEBT SERVICE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES (Continued) Year ended June 30, 1987 with comparative figures for 1986 Totals 70 Hospital School Bond Bonds Other 1987 1986 Transfers to other funds: Special Revenue Fund: Fire Service District Area 1 $ - $ - $ 1,070 $ 1,070 $ - Debt Service Fund 12,248 - - 12,248 13,750 Net transfers (12,248 5,621,893 15,336 5,624,981 7,020,366 Excess (deficiency) of revenues and transfers from other funds over expenditures and transfers to other funds (309,107) (188,158) 15,336 (481,929) 784,871 Fund balances at beginning of year 309,107 7,467,450 128,879 7,905,436 7,120,565 Fund balances at end of year $ - $ 7,279,292 $144,215 $ 7,423,507 $ 7,905,436 70 KODIAK ISLAND BOROUGH DEBT SERVICE FUNDS HOSPITAL BOND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 1987 Revenues from interest income Expenditures - debt service: Principal Interest Fiscal agent fees Other Total expenditures Excess (deficiency) of revenues over expenditures Transfers to School Debt Service Fund Excess (deficiency) of revenues over expenditures and transfers Fund balance at beginning of year Fund balance (deficit) at end of year Budget Actual $ 17,500 $ 18,313 Variance Favorable 1986 ( Unfavorable ) Actual $ 813 $ 25,044 300,000 300,000 - - 7,320 14,625 (7,305) 14,625 500 151 349 123 - 396 (396 - 307,820 315,172 (7,352 14,748 (290,320) (296,859) (6,539) 10,296 9,680 12,248 (2,568 13,750 (300,000) (309,107) (9,107) (3,454) 309,107 309,107 - 312,561 $ 9,107 $ - $(9,107 $309,107 71 Sched 22 KODIAK ISLAND BOROUGH DEBT SERVICE FUNDS SCHOOL BONDS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual Revenues from interest income Expenditures - debt service: Principal Interest Fiscal agent fees Other $ 400,000 $ 412,578 $ 12,578 $ 547,023 5,001,720 4,450,417 2,369,210 1,689,551 84,910 82,661 44,160 - 551,303 679,659 2,249 44,160 5,080,000 1,641,270 71,544 Total expenditures 7,500,000 6,222,629 Excess (deficiency) of revenues over expenditures (7,100,000 (5,810,051 Transfers from other funds: General Fund 383,220 383,220 Education Special Revenue Fund 4,970,000 5,226,425 Hospital Debt Service Fund 9,680 12,248 1980 School Bond Improve- ments Capital Projects Fund - - Total transfers from other funds Excess (deficiency) of revenues and transfers from other funds over expenditures Fund balance at beginning of year Fund balance at end of year 1,277,371 1,289,949 256,425 2,568 6,792,814 (6,245,791 286,690 6,161,556 13,750 500,000 5,362,900 5,621,893 258,993 6,961,996 (1,737,100) (188,158) 1,548,942 7,467,450 7,467,450 - $ 5,730,350 $ 7,279,292 $1,548,942 716,205 6,751,245 $ 7,467,450 72 Schedule 23 KODIAK ISLAND BOROUGH DEBT SERVICE FUNDS OTHER DEBT SERVICE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 1987 Transfers from other funds: General Fund Special Revenue Funds: Fire Service District Area 1 Mental Health Center Transfers to other funds: Special Revenue Funds: Fire Service District Area 1 Net transfers Excess of revenues and transfers from other funds over expenditures and transfers to other funds Fund balance at beginning of year Fund balance at end of year Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual $ - $ 7,053 $ 7,053 $ 10,359 - - - 6,263 9,353 9,353 55,498 16,406 16,406 72,120 - 1,070 (1,070 - 15,336 15,336 - - 15,336 15,336 72,120 - 128,879 128,879 56,759 $ - $144,215 $144,215 1128,879 73 1 CAPITAL PROJECTS FUNDS This fund was created to account for all resources used for the acquisition of designated fixed assets by a governmental unit except those financed by special assessment and enterprise funds. LOCAL SERVICE ROADS AND TRAILS This fund accounts for money received from the State of Alaska for the ' construction of local service roads and trails. STATE SCHOOL CONSTRUCTION This fund accounts for money received from the State of Alaska for construction of schools. VARIOUS BOROUGH PROJECTS This fund accounts for a variety of capital projects not accounted for in another fund, including projects financed by the State of Alaska Municipal Aid Program. SCHOOL BOND IMPROVEMENTS This fund accounts for the proceeds of the Borough general obligation bonds issued for the construction of schools. SCHOOL EQUIPMENT AND FURNISHINGS This fund accounts for money transferred to the Kodiak Island Borough School District from other Capital Projects Funds for the acquisition of school equipment and furnishings. STATE CAPITAL GRANTS This fund accounts for capital grant monies received from the State of Alaska for the construction of various projects. SCHOOLS MAJOR MAINTENANCE This fund accounts for money transferred from the Land Sales Fund for the major repairs and maintenance of school buildings. KODIAK ISLAND BOROUGH CAPITAL PROJECTS FUNDS COMBINING BALANCE SHEET June 30, 1987 with comparative figures for 1986 ASSETS Cash and investments: Equity in central treasury Temporary cash investments Receivables: City of Kodiak Other State of Alaska Accrued interest Due from other funds Local Service Various Roads State School Borough and Trails Construction Projects S - 1,500,000 21,980 36,488 $1,558,468 LIABILITIES AND FUND BALANCES Liabilities: Advance from central treasury $ - $ - $ 616,280 Due to State of Alaska - ' Accounts payable - - Retainages payable - - Deferred revenue - - 203,213 Total liabilities - - 819,493 Fund balances (deficit): Reserved for encumbrances - - 15,580 Unreserved - designated for subsequent year expenditures - - 723,395 Total fund balances (deficit) - - 738,975 $1,558,468 74 Schedule 24 75 School Equipment State School Totals School Bond and Capital Major Improvements Furnishings Grants Maintenance 1987 1986 $2,037,768 $ - $1,262,832 $ 3,591 $ 3,304,191 $ 1,822,966 7,284,936 - - 1,000,000 9,784,936 12,976,100 - - 175,000 - 175,000 - - - 268,242 - 268,242 169,241 - - 391,902 - 413,882 346,769 149,564 - - 3,457 189,509 66,351 - 52,023 - - 52,023 78,440 $9,472,268 $52,023 $2,097,976 $1,007,048 $14,187,783 $15,459,867 $ - $ - $ - $ - $ 616,280 $ - - - - - - 1,650 - 1,092 467,629 - 468,721 796,216 70,771 - 226,674 - 297,445 379,331 - - 1,194,520 - 1,397,733 1,966,312 70,771 1,092 1,888,823 - 2,780,179 3,143,509 2,556,117 4,381 328,319 - 2,904,397 4,358,597 6,845,380 46,550 (119,166 1,007,048 8,503,207 7,957,761 9,401,497 50,931 209,153 1,007,048 11,407,604 12,316,358 $9,472,268 $52,023 $2,097,976 $1,007,048 $14,187,783 $15,459,867 75 KODIAK ISLAND BOROUGH CAPITAL PROJECTS FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES Year ended June 30, 1987 with comparative figures for 1986 Revenues: State sources Federal sources Investments and property Licenses, fees, permits and other local revenues Expenditures: Capital improvements: School facilities Other facilities Planning and community development Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Proceeds of bond sales Environmental Protection Agency loan Transfers from other funds Transfers to other funds Net other financing sources (uses) Excess (deficiency) of revenues and other financing sources over expenditures and other financing uses Fund balances at beginning of year Residual equity transfer Fund balances (deficit) at end of year Local Service Roads and Trails 35,533 (35,533 Various State School Borough Construction Projects $ - $ 88,166 85,198 173,364 1,150,100 1,150,100 (976,736 255,590 255,590 - (721,146) 243,757 1,424,588 (243,757 35,533 $ - $ 738,975 76 Schedule 25 1,264,951 39,105 7,922,433 - 9,226,489 3,762,396 - - - - 1,150,100 5,145,435 - - - - 1,483 1,264,951 39,105 7,922,433 - 10,376,589 8,909,314 (669,465 School (232,240 7,048 (1,885,498 (3,334,536 Equipment State School Totals - School Bond and Capital Major - - Improvements Furnishings Grants Maintenance 1987 1986 $ - $ 25,000 $ 6,306,033 $ - $ 6,419,199 $ 4,606,720 - - 311,639 - 311,639 63,361 595,486 - 65,228 7,048 752,960 578,525 - - 1,007,293 - 1,007,293 326,172 595,486 25,000 7,690,193 7,048 8,491,091 5,574,778 1,264,951 39,105 7,922,433 - 9,226,489 3,762,396 - - - - 1,150,100 5,145,435 - - - - 1,483 1,264,951 39,105 7,922,433 - 10,376,589 8,909,314 (669,465 (14,105 (232,240 7,048 (1,885,498 (3,334,536 - - - - - 9,668,184 - - - - - 375,000 25,000 13,000 117,519 1,000,000 1,411,109 1,615,544 (56,090 (25,000 (334,809 - (415,899 (1,200,000 (31,090 (12,000 (217,290 1,000,000 995,210 10,458,728 (700,555) (26,105) (449,530) 1,007,048 (890,288) 7,124,192 9,939,242 77,036 596,202 - 12,316,358 5,192,166 162,810 - 62,481 - (18,466 - $9,401,497 $ 50,931 $ 209,153 $1,007,048 $11,407,604 $12,316,358 77 KODIAK ISLAND BOROUGH , CAPITAL PROJECTS FUNDS SCHEDULE OF CAPITAL PROJECTS For the year ended June 30, 1987 ' Appropriations Transfers (to) from Other Other Total ' Project Prior 1987 Projects Funds Appropriation Schools: 44 -202 Work of Art- Auditorium $ - $ - $ - S 33,090 $ 33,090 44 -253 Asbestos Removal Program - 50,000 (9,000) - 41,000 44 -278 Landscaping - - - 10,000 10,000 45 -245 School Auditorium 10,428,912 113,130 (507,872) (43,090) 9,991,080 E 45 -249 Maintenance Shop 1,689,000 - (99,210) 149,810 1,739,600 t 45 -283 Handicap Code Roof - - 974,121 - 974,121 45 -284 Larsen Bay School - - 1,704,712 25,000 1,729,712 ' c 45 -285 Peterson Elementary - - 564,990 - 564,990 45 -286 East Elementary School - - 2,917,525 - 2,917,525 45 -286 Projects - 86 Bonds 9,668,184 - (9,668,184) - - 45 -287 Old Harbor School - - 1,753,418 - 1,753,418 45 -288 Port Lions School - - 1,753,418 - 1,753,418 ' 47 -183 School Crossing Lights 165,000 - - (4,790) 160,210 47 -195 School Upgrade 169,000 - - - 169,000 47 -203 Bast Elementary Ballfield - 40,980 - - 40,980 47 -248 High School Track - 300,000 - - 300,000 47 -253 Asbestos Removal Program 2,750,000 - 65,000 - 2,815,000 ' N/A School Equipment 211,799 25,000 - (12,000) 224,799 Park Improvements: 44 -254 Park Development 145,000 40,000 - - 185,000 t Road Projects: 42 -148 Sawmill - Lakeview 106,340 - (19,385) - 86,955 44 -201 Sergeant Creek Road 940,000 - (156,000) 35,533 819,533 44 -281 Chiniak Subdivision 700,000 - - - 700,000 47 -192 Women's Bay Paving - - 156,000 - 156,000 47 -194 Area Wide Roads 874,680 - (49,233) - 825,447 47 -247 Lilly Dry - Phase I 740,000 - - - 740,000 47 -255 Lakeside Improvement 2,747,200 - - - 2,747,200 47 -257 Lilly Dry - Phase II 923,000 - 49,233 - 972,233 47 -266 Antone Balika Melnitsa 595,000 - - - 595,000 Other: 44 -133 Borough Bldg Roof 200,000 - 9,000 - 209,000 44 -191 Land Disposal FY -85 60,000 - - - 60,000 44 -315 Bayside Fire Equipment - - 7,200 - 7,200 44 -323 Ouzlnkie Fisheries - 9,850 - - 9,850 ' 47 -158 Emergency Medical Services 92,313 32,000 - - 124,313 47 -159 Akhiok Medical Clinic 149,417 - - - 149,417 47 -187 Hospital Construction 123,810 800,000 - - 923,810 47 -188 Hospital Equipment 132,600 25,000 - - 157,600 47 -189 Hospital Design Dev 1,000,000 - - - 1,000,000 47 -208 State Fairgrounds - 84,567 - - 84,567 47 -211 Karluk Fire Equipment - 100,000 - - 100,000 47 -242 Karluk Lake Fertilization - 60,000 - - 60,000 47 -259 Karluk Electric System 360,000 8,160 - - 368,160 47 -260 Village Projects 300,000 - - - 300,000 , 47 -263 Solid Waste Facility 2,780,000 175,000 - 180,000 3,135,000 47 -271 Karluk Public Building 100,000 - 26,100 - 126,100 47 -274 Akhiok Equipment Shed 100,000 - - - 100,000 47 -316 Larsen Bay Landfill 100,000 - - - 100,000 ' 47 -206 Akhiok Landfill 100,000 - - - 100,000 47 -212 Akhiok Generator Repair - 44,000 - - 44,000 47 -258 Akhiok Airport Road 560,000 - - - 560,000 47 -267 Akhiok Bldgs KIH -KIB - 183,185 - - 183,185 47 -275 Akhiok Water Supply Dam 180,000 - - - 180,000 ' Total other Akhiok projects 840,000 227,185 - - 1,067,185 Undesignated: 42 -209 Undesignated Projects 35,533 20,000 19,385 (74,918) - 43 -209 Undesignated Projects 243,757 - - (243,757) - , 44 -209 Undesignated Projects - 12,150 (7,200) 39,385 44,335 45 -209 Undesignated Projects (953,826) 298,500 607,082 - (48,244) 47 -209 Undesignated Projects Total Capital Projects 1,071,764 7,175 (91,100 $ - (117,519 S (23,256 870,320 $41,993,924 ' $2,428,697 $39,588,483 ' 78 Schedule 26 Expenditures 333,447 761,892 (28,154) - (28,154) - - 44,335 - 44,335 Unencumbered (48,244) 419 6,029 863,872 - Unexpended Current Balance Prior 1987 Balance Encumbrances (Available) $ - $ - $ 33,090 S - $ 33,090 - 41,000 - - - - - 10,000 - 10,000 9,901,120 89,960 - - - 1,136,720 602,880 - - - - - 974,121 - 974,121 - 85,305 1,644,407 - 1,644,407 - - 564,990 - 564,990 - 188,741 2,728,784 2,556,117 172,667 - 117,070 1,636,348 - 1,636,348 - 180,995 1,572,423 - 1,572,423 159,283 927 - - - 155,287 13,713 - - - - 37,071 3,909 - 3,909 - 77,523 222,477 - 222,477 876,722 1,859,880 78,398 - 78,398 134,763 39,105 50,931 4,381 46,550 38,319 136,835 9,846 - 9,846 86,955 - - - - 4,042 732,245 83,246 15,580 67,666 1,642 622 697,736 - 697,736 - 152,512 3,488 - 3,488 731,566 35,144 58,737 - 58,737 316,520 - 423,480 - 423,480 630,959 1,335,907 780,334 - 780,334 28,520 13,066 930,647 - 930,647 468,626 1,978 124,396 - 124,396 4,500 204,500 - - - 37,302 22,698 - - - - 7,200 - - - - 5,000 4,850 - 4,850 - - 124,313 - 124,313 104,752 44,665 - - - - 495,000 428,810 - 428,810 117,422 40,178 - - - 55,181 338,029 606,790 328,319 278,471 - 84,567 - - - - - 100,000 - 100,000 - 43,189 16,811 - 16,811 360,000 8,160 - - - 275,705 24,295 - - - 760,177 2,414,057 (39,234) - (39,234) - 109,334 16,766 - 16,766 70,825 29,175 - - - 103,857 (3,857) - - - 333,447 761,892 (28,154) - (28,154) - - 44,335 - 44,335 - - (48,244) - (48,244) 419 6,029 863,872 - 863,872 $16,894,631 $10,376,590 $14,722,703 $2,904,397 $11,818,306 79 ASSETS s KODIAK ISLAND BOROUGH ENTERPRISE FUNDS E COMBINING BALANCE SHEET ' June 30, 1987 with comparative figures for 1986 ASSETS Water Totals E Sanitary and Sewer Landfill Utility Hospital 1987 1986 Current assets: Equity in central treasury $ - $ 160,839 $ - $ 160,839 $ 147,928 Other cash balances - - - - 56,448 ' - 160,839 - 160,839 204,376 Receivables: Lutheran Hospitals and , Homes Society of America - - 306,774 306,774 295,984 City of Kodiak - - 4,073 4,073 9,352 Third party patient payors - - 116,621 116,621 628,349 Customers and patients 17,797 54,105 1,116,214 1,188,116 1,250,207 State subsidy - - 93,750 93,750 - R 17,797 54,105 1,637,432 1,709,334 2,183,892 Less allowance for doubtful receivables - 9,283 115,000 124,283 119,283 Net receivables 17,797 44,822 1,522,432 1,585,051 2,064,609 Inventories at cost - - 146,244 146,244 - 134,374 12,330 ' Prepaid expenses - - - Total current assets 17,797 205,661 1,668,676 1,892,134 2,415,689 Restricted assets: , Equity in central treasury - 119,057 - 119,057 - Temporary investments - 750,000 - 750,000 3,850,000 Accrued interest receivable - - - - 7,042 Receivable from State of Alaska - 220,000 - 220,000 - ' Total restricted assets - 1,089,057 - 1,089,057 3,857,042 Borough designated investment - - 760,134 760,134 - Long -term receivable from Lutheran Hospitals and Homes Society of America - - 1,118,000 1,118,000 820,000 - - 1,878,134 1,878,134 820,000 Property, plant and equipment, at cost: Unclassified utility plant ' in service - 10,489,226 - 10,489,226 10,560,618 Hospital building and fixed equipment - - 3,984,773 3,984,773 3,950,226 Major movable equipment - - 1,448,765 1,448,765 1,265,640 ' - 10,489,226 5,433,538 15,922,764 15,776,484 Less accumulated depreciation - 594,125 1,865,792 2,459,917 2,029,581 - 9,895,101 3,567,746 13,462,847 13,746,903 ? Construction work in progress - 3,328,506 - 3,328,506 1,214,618 ' Net property, plant and equipment - 13,223,607 3,567,746 16,791,353 14,961,521 j $17,797 $14,518,325 $7,114,556 $21,650,678 $22,054,252 i 80 ' '' Schedule 27 LIABILITIES AND FUND EQUITIES Payable from restricted assets: Advance from central treasury - - - - 1,697,440 Contracts payable - 364,472 - 364,472 128,157 Retainage payable - 146,449 - 146,449 149,110 Unearned grant receipts - 3,364 3,364 1,4 0 5, 859 - 514,285 - 514,285 3,380,566 Total liabilities 7,745 544,763 256,886 809,394 3,610,827 Fund equities: Water Totals Contributions in aid Sanitary and Sewer of construction: Landfill Utility Hospital 1987 1986 Liabilities: 229,166 State of Alaska - 13,368,437 - 13,368,437 Payable from current assets: Federal government - 220,129 2,237,104 2,457,233 2,457,233 Bank overdraft $ - $ - $ 9,710 $ 9,710 $ - Advance from central treasury 2,601 - - 2,601 - Accounts payable 5,144 19,972 29,878 54,994 50,088 Customer deposits - 10,506 - 10,506 6,720 Accrued compensation - - 191,523 191,523 168,641 Other accrued liabilities - - 25,775 25,775 4,812 7,745 30,478 256,886 295,109 230,261 Payable from restricted assets: Advance from central treasury - - - - 1,697,440 Contracts payable - 364,472 - 364,472 128,157 Retainage payable - 146,449 - 146,449 149,110 Unearned grant receipts - 3,364 3,364 1,4 0 5, 859 - 514,285 - 514,285 3,380,566 Total liabilities 7,745 544,763 256,886 809,394 3,610,827 Fund equities: Contributions in aid of construction: City of Kodiak - 229,166 - 229,166 229,166 State of Alaska - 13,368,437 - 13,368,437 11,325,941 Federal government - 220,129 2,237,104 2,457,233 2,457,233 Kodiak Island Borough - - 1,382,851 1,382,851 1,242,533 - 13,817,732 3,619,955 17,437,687 15,254,873 Less amortization of contributions in aid of construction - 592,095 - 592,095 395,018 Net contributions in aid of construction - 13,225,637 3,619,955 16,845,592 14,859,855 Retained earnings: Undesignated 10,052 747,925 3,237,715 3,995,692 3,583,570 Total fund equities 10,052 13,973,562 6,857,670 20,841,284 18,443,425 $17,797 $14,518,325 $7,114,556 $21,650,678 $22,054,252 81 KODIAK ISLAND BOROUGH ENTERPRISE FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS Year ended June 30, 1987 with comparative figures for 1986 Revenues: Water sales Sewer service charges Sanitary landfill user fees Patient revenues Installation charges Other Total revenues Operating expenses: Personal services Purchased water and sewer treatment Contracted services Repairs and maintenance Depreciation Installation costs Professional care of patients Plant operations and household General administration Other Total operating expenses Operating income (loss) Other income: Interest income Other, primarily State of Alaska revenue sharing Net earnings (loss) Amortization of contributions in aid of construction Increase in retained earnings Retained earnings at beginning of year Retained earnings at end of year 82 3,717 Water - - and - Sanitary Sewer - Landfill Utility Hospital $ - $ 156,901 $ - - 184,762 - 158,942 - - - - 5,009,194 - 94,463 - - 6,753 92,435 158,942 442,879 5,101,629 3,717 47,179 - - 235,781 - 144,933 1,680 - - 24,989 - - 199,107 247,306 - 76,641 - - - 2,483,452 - - 875,788 - - 1,538,427 240 22,668 - 148,890 608,045 5,144,973 10,052 (165,166 (43,344 - 95,900 - - 317,603 - 95,900 317,603 10,052 (69,266) 274,259 - 197,077 - 10,052 127,811 274,259 - 620,114 2,963,456 $ 10,052 $ 747,925 $3,237,715 Totals 1987 1986 $ 156,901 $ 138,195 184,762 147,409 158,942 - 5,009,194 5,261,182 94,463 4,107 99,188 104,551 5,703,450 5,655,444 50,896 25,303 235,781 182,173 146,613 - 24,989 24,608 446,413 368,778 76,641 15,926 2,483,452 2,442,601 875,788 840,965 1,538,427 1,277,275 22,908 16,437 (198,458 461,378 95,900 110,497 317,603 321,638 215,045 893,513 197,077 142,919 412,122 1,036,432 3,583,570 2,547,138 $3,995,692 $3,583,570 83 KODIAK ISLAND BOROUGH ENTERPRISE FUNDS COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION Year ended June 30, 1987 with comparative figures for 1986 Financial resources provided: Net earnings (loss) Depreciation which does not use working capital Working capital provided by operations State of Alaska grants Contribution from Kodiak Island Borough General Fund for purchase of equipment Reduction of long -term receivable Total financial resources provided Financial resources used: Funding of Borough designated investments Increase in long -term receivable Acquisition of property, plant and equipment Total financial resources used Increase (decrease) in working capital Changes in components of working capital: Increase (decrease) in: Current assets: Other cash balances Equity in central treasury Receivables Inventories Prepaid expenses Restricted assets: Equity in central treasury Time certificates of deposit Accrued interest receivable Receivable from Lion Capital Group Receivable from State of Alaska Continued Water and Sanitary Sewer Landfill Utility Hospital $10,052 $ (69,266) $ 274,259 - 199,107 247,306 10,052 129,841 521,565 - 2,042,496 - 140,318 10,052 2,172,337 661,883 760,134 - 298,000 2,042,496 233,749 2,042,496 1 $10,052 $ 129,841 $ (630,000 $ - $ - $ (56,448) 12,911 - 17,797 25,347 (522,702) - - 11,870 - (12,330) 119,057 - (3,100,000). - (7,042) - 220,000 - 17,797 (2,729,727 (579,610 84 i' Totals 1987 1986 $ 215,045 $ 893,513 446,413 368,778 661,458 1,262,291 2,042,496 2,849,812 140,318 5,526 - 65,000 2,844,272 4,182,629 760,134 - 298,000 - 2,276,245 3,032,034 3,334,379 3,032,034 $ (490,107 $ 1,150,595 $ (56,448) $ 56,448 12,911 53,976 (479,558) 976,566 11,870 28,827 (12,330) (9,171) 119,057 - (3,100,000) 1,852,213 (7,042) (45,909) - (1,000,000) 220,000 - (3,291,540 1,912,950 85 KODIAK ISLAND BOROUGH ENTERPRISE FUNDS COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION (Continued) Year ended June 30, 1987 with comparative figures for 1986 Increase (decrease) in: Current liabilities payable from current assets: Advance from central treasury Bank overdraft Accounts payable Customer deposits Accrued liabilities Current liabilities payable from restricted assets: Advance from central treasury Contracts payable Retainage payable Unearned grant receipts Increase (decrease) in working capital Water and Sanitary Sewer Landfill Utility Hospital — $ 2,601 $ - $ - - - 9,710 5 2,927 (3,165) - 3,786 - - 43,845 - (1,697,440) - - 236,315 - - (2,661) - - (1,402,495 - 7,745 (2,859,568 50,390 $10,052 $ 129,841 $ (630,000 m Schedule 29 (Continued Totals 1987 1986 $ 2,601 $ - 9,710 (28,708) 4,906 39,685 3,786 1,506 43,845 42,681 (1,697,440) 1,663,745 236,315 (356,983) (2,661) 20,733 (1,402,495 (620,304 (2,801,433 762,355 n ii.on 1n7% n 1 icn cnc 87 KODIAK ISLAND BOROUGH WATER AND SEWER ENTERPRISE FUND BALANCE SHEET June 30, 1987 with comparative figures for 1986 ASSETS Current assets: Equity in central treasury Customer receivables Less allowance for doubtful receivables Net customer receivables Total current assets Restricted assets: Equity in central treasury Temporary investments Accrued interest receivable Receivable from State of Alaska Total restricted assets Property, plant and equipment: Unclassified utility plant in service Accumulated depreciation Net utility plant in service Construction work in progress Net property, plant and equipment 1987 1986 $ 160,839 $ 147,928 54,105 28,758 9,283 9,283 44,822 19,475 205,661 167,403 119,057 - 750,000 3,850,000 - 7,042 220,000 - 1,089,057 3,857,042 10,489,226 10,560,618 594,125 395,018 9,895,101 10,165,600 3,328,506 1,214,618 13,223,607 11,380,218 $14,518,325 $15,404,663 M. LIABILITIES AND FUND EQUITY 1987 1986 I d Liabilities: Current liabilities: Payable from current assets: Accounts payable Customer deposits Total payable from current assets Payable from restricted assets: Advance from central treasury Contracts payable Retainage payable Unearned grant receipts Total payable from restricted assets Total liabilities Fund equity: Contributions in aid of construction: City of Kodiak State of Alaska Federal government Accumulated amortization Net contributions in aid of construction Retained earnings: Undesignated Total fund equity 89 $ 19,972 $ 17,045 10,506 6,720 30,478 23,765 1,697,440 364,472 128,157 146,449 149,110 3,364 1,405,859 514,285 3,380,566 544,763 3,404,331 229,166 229,166 13,368,437 11,325,941 220,129 220,129 13,817,732 11,775,236 592,095 395,018 13,225,637 11,380,218 747,925 620,114 13,973,562 12,000,332 $14,518,325 $15,404,663 I i KODIAK ISLAND BOROUGH WATER AND SEWER ENTERPRISE FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL Year ended June 30, 1987 with comparative figures for 1986 Revenues: Water sales Sewer service charges Installation charges Other Total revenues Operating expenses: Water: Personal services Electric Rent Purchased water Depreciation Training Advertising and hearings Printing and binding Repairs and maintenance Automotive and travel Office supplies and postage Installation costs Small tools Total water Continued I � 90 S 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual $159,000 $ 156,901 $ (2,099) $ 138,195 145,000 184,762 39,762 147,409 23,750 94,463 70,713 4,107 - 6,753 6,753 2,368 327,750 442,879 115,129 292,079 11,520 22,006 (10,486) 11,514 500 - 500 205 - 722 (722) 351 100,000 102,781 (2,781) 79,023 10,000 68,378 (58,378) 51,476 1,000 763 237 9,313 250 59 191 - 500 963 (463) - 44,000 9,653 34,347 14,847 1,000 784 216 526 1,800 944 856 931 5,000 41,429 (36,429) 11,198 1,000 - 1,000 - 176,570 248,482 (71,912 179,384 I � 90 S Schedule 31 (Continued KODIAK ISLAND BOROUGH WATER AND SEWER ENTERPRISE FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL (Continued) Year ended June 30, 1987 with comparative figures for 1986 91 1987 Variance Favorable 1986 Budget Actual ( Unfavorable ) Actual Sewer: Personal services $ 18,000 $ 25,173 $ (7,173) $ 13,789 Electric 4,000 14,397 (10,397) 1,419 Rent - 769 (769) 270 Purchased sewer treatment 100,000 133,000 (33,000) 103,150 Depreciation 10,000 130,729 (120,729) 91,443 Training 1,000 763 237 2,366 Advertising and hearings 500 59 441 - Repairs and maintenance 20,380 15,336 5,044 9,761 Contracted services 3,000 1,680 1,320 - Automotive and travel 1,000 902 98 586 Office supplies and postage - - - 470 Installation costs 2,000 35,212 (33,212) 4,728 Small tools 1,800 1,543 257 - Total sewer 161,680 359,563 (197,883 227,982 Total operating expenses 338,250 608,045 (269,795 407,366 Operating loss (10,500 (165,166 (154,666 (115,287 Other income (expense): Interest income 70,500 95,900 25,400 110,497 Net earnings (loss) 60,000 (69,266) (129,266) (4,790) Amortization of contributions in aid of construction - 197,077 197,077 142,919 Increase in retained earnings $ 60,000 127,811 $ 67,811 138,129 Retained earnings at beginning of year 620,114 481,985 Retained earnings at end of year $ 747,925 $ 620,114 91 KODIAK ISLAND BOROUGH WATER AND SEWER ENTERPRISE FUND STATEMENT OF CHANGES IN FINANCIAL POSITION Year ended June 30, 1987 with comparative figures for 1986 Schedule 32 1 nO7 , - Financial resources provided: Net loss $ (69,266) $ (4,790) Depreciation which does not use working capital 199,107 142,919 Working capital provided by operations 129,841 138,129 State of Alaska grants 2,042 2,849,812 Total financial resources provided 2 2,987,941 Financial resources used - acquisition of property, plant and equipment 2,042,496 2,849,813 Increase in working capital $ 129,841 $ 138,128 Changes in components of working capital: Increase (decrease) in: Current assets: Equity in central treasury $ 12,911 $ 53,976 Customer receivables 25,347 (6,813) Restricted assets: Equity in central treasury 119,057 - Temporary investments (3,100,000) 1,852,213 Accrued interest receivable (7,042) (45,909) Receivable from Lion Capital Group - (1,000,000) Receivable from State of Alaska 220,000 - (2,729,727 853,467 Current liabilities: Payable from current assets: Accounts payable 2,927 6,642 Customer deposits 3,786 1,506 Payable from restricted assets: Advance from central treasury (1,697,440) 1,663,745 Contracts payable 236,315 (356,983) Retainage payable (2,661) 20,733 Unearned grant receipts (1,402,495 (620,304 (2,859,568 715,339 Increase in working capital $ 129,841 $ 138,128 92 KODIAK ISLAND BOROUGH HOSPITAL ENTERPRISE FUND BALANCE SHEET December 31, 1986 with comparative figures for 1985 ASSETS 1986 1985 Current assets: Other cash balances $ - $ 56,448 Receivables: Patient and resident, less estimated allowances and uncollectibles of $115,000 in 1986 and $110,000 in 1985 1,001,214 1,111,449 Lutheran Hospitals and Homes Society of America 306,774 295,984 City of Kodiak 4,073 9,352 Third party 116,621 628,349 State subsidy 93,750 - Inventories, at cost 146,244 134,374 Prepaid expenses - 12,330 Total current assets 1,668,676 2,248,286 Borough designated investments 760,134 - Receivable from Lutheran Hospitals and Homes Society of America 1,118,000 820,000 Building and equipment, at cost: Building and fixed equipment 3,984,773 3,950,226 Major movable equipment 1,448,765 1,265,640 5,433,538 5,215,866 Less accumulated depreciation 1,865,792 1,634,563 Net building and equipment 3,567,746 3,581,303 $7,114,556 $6,649,589 LIABILITIES AND FUND EQUITY Current liabilities: Bank overdraft $ 9,710 $ - Accounts payable 29,878 33,043 Accrued liabilities: Compensation 191,523 168,641 Other 25,775 4,812 Total current liabilities 256,886 206,496 Fund equity 6,857,670 6,443,093 67 11A CSL QL KAa C4U 93 Schedule 34 KODIAK ISLAND BOROUGH HOSPITAL ENTERPRISE FUND ' STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND EQUITY Year ended December 31, 1986 with comparative figures for 1985 Operating revenues: Patient and resident service $5,579,432 $5,085,453 Less allowances for uncollectible accounts 570,238 (175,729 Net patient and resident service revenues 5,009,194 5,261,182 Other operating revenues 92,435 102,183 Total operating revenues 5,101,629 5,363,365 Operating expenses: Professional care of patients and residents 2,483,452 2,442,601 General and administrative 1,538,427 1,277,275 Plant operation and household 875,788 840,965 Depreciation 247,306 225,859 Total operating expenses 5,144,973 4,786,700 Operating income (loss) (43,344) 576,665 Other income, primarily State of Alaska revenue sharing 317,603 321,638 Net earnings 274,259 898,303 Fund equity at beginning of year 6,443,093 5,539,264 Equity transfers from Kodiak Island Borough 140,318 5,526 Fund equity at end of year $6,857,670 $6,443,093 94 j KODIAK ISLAND BOROUGH HOSPITAL ENTERPRISE FUND STATEMENT OF CHANGES IN FINANCIAL POSITION Year ended December 31, 1986 with comparative figures for 1985 Financial resources provided: Net earnings from operations Depreciation which does not require working capital Working capital provided by operations Contribution from Kodiak Island Borough General Fund for equipment purchases Reduction of receivable from Lutheran Hospitals and Homes Society of America Total financial resources provided Financial resources used: Funding of Borough designated investments Financing of receivable from Lutheran Hospitals and Homes Society of America Construction of building improvements and purchase of equipment Total financial resources used Increase (decrease) in working capital Changes in components of working capital: Increase (decrease) in: Current assets: Other cash balances Receivables Inventories Prepaid expenses Current liabilities: Bank overdraft Accounts payable Accrued liabilities Increase (decrease) in working capital $ 274,259 247,306 Schedule 35 $ 898,303 225,859 521,565 1,124,162 140,318 5,526 - 65,000 661,883 1,194,688 760,134 - 298,000 - 233,749 182,221 1,291,883 182,221 $ (630,000 $1,012,467 $ (56,448) $ 56,448 (522,702) 983,379 11,870 28,827 (12,330 (9,171 (579,610 1,059,483 9,710 (28,708) (3,165) 33,043 43,845 42,681 50,390 47,016 $ (630,000 $1,012,467 95 AGENCY FUNDS Agency Funds are used to account for assets held by a government as an agent for individuals, private organizations, other governments, and /or other funds. STUDENT ACTIVITIES FUND This fund accounts for the operations of the various Kodiak Island Borough School District student organizations. DEFERRED COMPENSATION FUND This fund accounts for, deferred compensation and accumulated earnings thereon for participants in the Borough's IRC Section 457 Deferred Compensation Plan. STUDENT ACTIVITIES FUND Schedule 36 KODIAK ISLAND BOROUGH AGENCY FUNDS COMBINING STATEMENT OF CHANGES IN ASSETS, LIABILITIES AND FUND BALANCES Year ended June 30, 1987 ASSETS Cash, including time certificates of deposit Other receivables LIABILITIES Accounts payable Due to General Fund Due to student organizations DEFERRED COMPENSATION FUND ASSETS ICMA investments Due to participants TOTALS - ALL AGENCY FUNDS ASSETS Cash, including time certificates of deposit Other receivables ICMA investments LIABILITIES Accounts payable Due to General Fund Due to student organizations Due to participants Balance at Balance at July 1, 1986 Additions Deletions June 30, 1987 $ 76,680 $200,848 $172,544 $104,984 2,289 2 2,289 2,361 $ 78,969 $203,209 $174,833 $107,345 $ 2,048 $ 6,005 $ 2,048 $ 6,005 2,738 219 2,738 219 74,183 196,985 170,047 101,121 $ 78,969 $203,209 $174,833 $107,345 $238,093 $118,793 $ - $356,886 $238,093 $118,793 $ - $356,886 $ 76,680 $200,848 $172,544 $104,984 2,289 2,361 2,289 2,361 238,093 118,793 - 356,886 $317,062 $322,002 $174,833 $464,231 $ 2,048 $ 6,005 $ 2,048 $ 6,005 2,738 219 2,738 219 74,183 196,985 170,047 101,121 238,093 118,793 - 356,886 $317,062 $322,002 $174,833 $464,231 96 GENERAL FIXED ASSETS ACCOUNT GROUP This is a self - balancing account group which records fixed assets of the Borough and School District other than those recorded in the Enterprise Funds. KODIAK ISLAND BOROUGH GENERAL FIXED ASSETS ACCOUNT GROUP STATEMENT OF GENERAL FIXED ASSETS BY SOURCE June 30, 1987 General fixed assets: Land Buildings Improvements other than buildings Machinery and equipment Construction work in progress Investment in general fixed assets: Capital Projects Funds: General obligation bonds Federal grants State grants General Fund revenues Special Revenue Funds revenues Contribution from State of Alaska Gift $ 7,469,315 51,973,292 3,863,474 2,567,349 681,445 $66,554,875 $35,140,989 645,826 17,534,053 2,396,276 361,389 6,454,446 4,021,896 $66,554,875 M KODIAK ISLAND BOROUGH GENERAL FIXED ASSETS ACCOUNT GROUP STATEMENT OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY June 30, 1987 Staff agencies: Borough mayor $ 6,868 $ - Borough clerk 16,659 - Finance 40,760 - Assessing 18,575 - Community development 21,988 - Engineering 40,123 Data services 254,042 - Resource management 2,530 - Facilities 39,823 - General administration 85,214 - Mental health 56,848 - Total staff agencies 583,430 - Public safety: Emergency preparedness 15,156 - Fire Protection Area 1 632,491 - Women's Bay Fire District 606,698 - Total public safety 1,254,345 - Schools 48,308,987 - Teacher housing 125,715 - General governmental buildings 4,268,164 - Building sites 110,648 110,648 Playgrounds 710,239 - Other 3,153,235 - Total general fixed assets allocated to functions 58,514,763 110,648 Undeveloped land 7,358,667 7,358,667 Construction work in progress 681,445 - Total general fixed assets $66,554,875 $7,469,315 98 Improvements Machinery Other Than and Buildings Buildings Equipment $ 6,868 16,659 40,760 18,575 - - 21,988 - 40,123 254,042 2,530 39,823 85,214 56,848 583,430 15,156 423,750 - 208,741 425,655 - 181,043 849,405 - 404,940 46,730,008 - 1,578,979 125,715 - - 4,268,164 - - - 710,239 - - 3,153,235 - 51,973,292 3,863,474 2,567,349 681,445 - - $52,654,737 $3,863,474 $2,567,349 .. Schedule 39 KODIAK ISLAND BOROUGH GENERAL FIXED ASSETS ACCOUNT GROUP STATEMENT OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY Year ended June 30, 1987 General Fixed Assets at General Fixed July 1, 1986 Assets at (Restated) Additions Deductions June 30, 1987 Staff agencies: Borough mayor $ 6,868 $ - $ - $ 6,868 Borough clerk 16,659 - - 16,659 Finance 32,768 11,904 3,912 40,760 Assessing 10,050 8,525 - 18,575 Community development 13,979 8,009 - 21,988 Engineering 38,067 2,056 - 40,123 Data services 221,436 32,606 - 254,042 Resource management 1,995 535 - 2,530 Facilities 31,983 100,760 92,920 39,823 General administration 81,355 3,859 - 85,214 Mental health 55,353 1,495 - 56,848 Economic development - 4,391 4,391 - Total staff agencies 510,513 174,140 101,223 583,430 Public safety: Emergency preparedness - 15,156 - 15,156 Fire Protection Area 1 625,291 7,200 - 632,491 Women's Bay Fire District 606,698 - - 606,698 Total public safety 1,231,989 22,356 - 1,254,345 Schools 46,492,051 1,897,583 80,647 48,308,987 Teacher housing 89,380 36,335 - 125,715 General governmental buildings 3,809,747 458,417 - 4,268,164 Building sites 89,899 20,749 - 110,648 Playgrounds 710,239 - - 710,239 Other 20,000 3,133,235 - 3,153,235 Total general fixed assets allocated to functions 52,953,818 5,742,815 181,870 58,514,763 Undeveloped land 6,862,275 496,392 - 7,358,667 Construction work in progress 1,136,720 4,915,366 5,370,641 681,445 Total general fixed assets $60,952,813 $11,154,573 $5,552,5.11 $66,554,875 100 1 1 I f t GENERAL LONG -TERM DEBT ACCOUNT GROUP This is a self - balancing account group which records the Borough's unma- tured general long -term debt. This debt is payable from monies presently in the various Debt Service Funds and from future general Borough revenues. The debt is backed by the full faith and credit of the Borough. I KODIAK ISLAND BOROUGH GENERAL LONG -TERM DEBT ACCOUNT GROUP STATEMENT OF GENERAL LONG -TERM DEBT June 30, 1987 with comparative figures for 1986 Amount available and to be provided for the payment of general long -term debt: Amount available in Debt Service Funds: Hospital term bonds School serial bonds Accrued annual leave Amount to be provided: Hospital term bonds School serial bonds Environmental Protection Agency loan General long -term debt payable: Hospital term bonds General obligation school bonds: 1967 Improvement 1974B Refunding 1980A Improvement 1983A Jr. High Renovation 1984B High School Auditorium 1986A Improvement Environmental Protection Agency loan Accrued annual leave 101 1 ^ n] 7,279,292 144,215 7,423,507 18,645,708 364,583 19,010,291 6 ,9A All 79R I -_ _ 1__ 1 _ k A R �T. $ 309,107 7,467,450 128,879 7,905,436 (9,107) 22,897,550 375,000 23,263,443 C�1 1 A R79 $ - $ 300,000 50,000 1,685,000 10,390,000 4,800,000 9,000,000 100,000 1,900,000 10,785,000 1,000,000 6,650,000 9,930,000 25,925,000 364,583 144,215 $26,433,798 30,365,000 375,000 128,879 $31,168,879 STATISTICAL TABLES Statistical tables reflect social and economic data, financial trends and ' the fiscal capacity of the governmental unit. 102 KODIAK ISLAND BOROUGH KODIAK, ALASKA GENERAL GOVERNMENTAL EXPENDITURES AND OTHER USES BY FUNCTION Last ten fiscal years Table 1 (a) Kodiak Island Borough is a second -class borough and does not have road powers. Specific monies are expended for local service roads and trails in the service districts. Subsequent to fiscal period 1978, these monies are administered through a separate fund. (b) The Debt Service Funds are now maintained as separate funds. Some amounts (included in transfers) go to the Debt Service Funds from the General Fund. 103 Local Service Fiscal General Roads and Health and Debt Operating Year Government Trails (a) Sanitation Education Service Transfers Total 1978 $ 731,151 $ 2,400 $239,423 $ 531,202 $210,260 $ 116,200 $1,830,636 1979 876,891 - 163,455 824,164 126,991 153,146 2,144,647 1980 995,585 - 189,280 1,113,882 84,689 525,603 2,909,039 1981 1,525,087 - 342,696 1,298,585 102,887 (b) 519,212 3,788,467 1982 1,694,923 - 785,644 906,447 - 506,125 3,893,139 1983 1,857,316 2,034 446,001 1,386,788 - 4,742,292 8,434,431 1984 1,588,182 - 709,508 1,478,912 - 1,185,630 4,962,232 1985 1,677,539 - 547,388 1,608,341 - 1,080,310 4,913,578 1986 1,877,136 - 563,516 1,662,858 - 447,669 4,551,179 1987 2,089,508 - 579,930 1,901,130 - 553,373 5,123,941 (a) Kodiak Island Borough is a second -class borough and does not have road powers. Specific monies are expended for local service roads and trails in the service districts. Subsequent to fiscal period 1978, these monies are administered through a separate fund. (b) The Debt Service Funds are now maintained as separate funds. Some amounts (included in transfers) go to the Debt Service Funds from the General Fund. 103 KODIAK ISLAND BOROUGH KODIAK, ALASKA GENERAL REVENUES BY SOURCE Last ten fiscal years Table 2 (a) Largest single element of this figure is $860,121 of investment earnings in an unusual year of the market. (b) Includes a $481,269 loss on investment relating to the Lion Capital Group. 104 Licenses Inter- Charges Fiscal and governmental for Operating Year Taxes Permits Revenue Service Miscellaneous Transfers Total 1978 $1,495,808 $ 6,117 $ 499,659 $192,258 $ - $ 12,203 $2,206,045 1979 1,706,902 24,121 378,736 249,888 - 120,335 2,479,982 1980 2,060,290 7,695 709,253 466,153 - 132,968 3,376,359 1981 2,281,111 24,083 1,706,477 112,120 754,961 168,140 5,046,892 1982 2,237,755 22,233 2,701,874 110,020 892,206 (a) - 5,964,088 1983 1,928,259 45,444 3,086,448 118,064 472,281 83 5,650,579 1984 1,844,572 34,779 2,542,441 44,194 421,808 121,160 5,008,954 1985 1,868,049 40,386 2,365,386 25,850 454,218 15,000 4,768,889 1986 2,065,440 53,786 2,277,655 83,849 (113,025)(b) 53,660 4,421,365 1987 2,188,750 138,151 2,114,283 99,330 451,518 57,090 5,049,122 (a) Largest single element of this figure is $860,121 of investment earnings in an unusual year of the market. (b) Includes a $481,269 loss on investment relating to the Lion Capital Group. 104 KODIAK ISLAND BOROUGH KODIAK, ALASKA PROPERTY TAX LEVIES AND COLLECTIONS Last ten fiscal years Table 3 (a) Includes $161,113 due from City of Kodiak. (b) Includes $984,930 due from City of Kodiak. (c) Intensive collection procedures were instituted to include foreclosure proceedings, where necessary, under Alaska Statute, Title 29. A dispute was settled between the Borough and the City and amounts due were remitted to the respective governments. 105 Percent of Percent of Percent Delinquent Total Tax Outstanding Delinquent Fiscal Total Current Tax of Levy Tax Total Tax Collections Delinquent Taxes to Year Tax Levy Collections Collected Collections Collections to Tax Levy Taxes Tax Levy 1978 $1,163,093 $1,121,756 96.4 $ 17,824 $1,139,580 98.0 $ 121,095 10.4 1979 1 1,328,655 93.5 51,329 1,379,984 97.1 166,635 11.7 1980 1,915,340 1,764,316 92.1 48,923 1,813,239 94.7 330 578 (a) 17.3 1981 2,257,590 1,496,037 66.3 41,038 1,537,075 68.1 1,0,1,093 (b) 46.6 1982 (c) 2,118,431 2,095,431 98.9 978,969 3,074,400 145.1 95,124 4.5 1983 1,876,462 1,844,867 98.3 94,231 1,939,098 103.3 32,488 1.7 1984 1,646,752 1,617,654 98.2 31,487 1,649,141 100.1 30,099 1.8 1985 1,508,003 1,492,923 99.9 10,733 1,503,656 99.7 19,366 1.3 1986 2,024,237 1,986,914 98.2 13,504 2,000,418 98.8 43,185 2.1 1987 2,181,410 2,176,543 99.7 12,207 2,188,750 100.3 49 2.2 (a) Includes $161,113 due from City of Kodiak. (b) Includes $984,930 due from City of Kodiak. (c) Intensive collection procedures were instituted to include foreclosure proceedings, where necessary, under Alaska Statute, Title 29. A dispute was settled between the Borough and the City and amounts due were remitted to the respective governments. 105 KODIAK ISLAND BOROUGH KODIAK, ALASKA ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY Last ten fiscal years REAL PROPERTY Fiscal Year 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 Assessed Value $118,797,040 119,063,900 207,066,200 225,394,400 187,598,046 216,508,832 307,989,403 325,278,582 354,524,678 367,360,196 Estimated Actual Value $118,797,040 119,063,900 207,066,200 225,394,400 187,598,046 216,508,832 307,989,403 325,278,582 354,524,678 367,360,196 PERSONAL PROPERTY Assessed Value $ 55,904,450 63,658,640 102,859,300 132,268,500 149,474,150 67,606,123 (a) 87,631,001 (b) 69,329,999 52,088,100 (c) 37,499,229 Estimated Actual Value $ 55,904,450 63,658,640 102,859,300 132,268,500 149,474,150 144,886,873 182,466,162 167,476,461 125,607,345 90,373,141 TOTAL Assessed Value $174,701,490 182,722,540 309,925,500 357,662,900 337,072,196 284,114,955 395,620,404 394,608,581 406,612,778 404,859,425 (a) Exempted boat full and true value for $5 and $15 fees. (b) Reflects exemptions of boats and inventories. (c) Exempted $5 tax for small watercraft (boats and skiffs under five ton). Estimated Actual Value $174,701,490 182,722,540 309,925,500 357,662,900 337,072,196 361,395,705 490,455,565 492,755,043 480,132,023 457,733,337 Table 4 Ratio of Total Assessed to Total Estimated Actual Value 100 100 100 100 100 78.6 80.7 80.1 84.7 88.4 106 Table 5 ' a. KODIAK ISLAND BOROUGH KODIAK, ALASKA PROPERTY TAX RATES - ALL OVERLAPPING GOVERNMENTS (Per $100 of Assessed Value) ' Last ten Fiscal Years Road Servic Districts Fire Districts b. Contributions from the Borough to the School District for the last ten years is calculated to have been as follows: Fiscal Year. KIB City Debt 1978 $174,701,490 $ 457,180 2.62 1979 182,722,540 824,164 Fiscal General of Service 3.30 Monashka Service gay Women's Service Women's Year Fund Kodiak Funds Total Bay District 1 Road Bay District 1 Bay 394,608,581 1,377,345 3.49 1986 406,612,778 1,524,460 3.75 1987 404,859,425 2,140,149 5.29 1978 7.00 9.10 0.00 16.10 0.00 0.00 0.00 0.00 0.00 0.00 1979 7.00 6.00 0.00 13.00 0.00 0.00 0.00 0.00 2.30 0.00 1980 6.98 6.00 0.00 12.98 0.00 0.00 0.00 7.20 1.90 0.00 1981 6.98 2.00 0.00 8.98 0.00 1.00 0.00 0.00 1.95 0.00 1982 7.00 4.00 0.00 11.00 0.00 0.00 0.00 0.00 2.94 0.00 1983 7.00 2.00 0.00 9.00 1.50 0.00 0.00 0.50 1.50 0.50 1984 3.75 1.25 0.00 5.00 2.00 0.00 0.00 0.50 1.50 0.50 1985 3.75 2.00 0.00 5.75 2.00 0.00 0.00 0.50 1.50 0.50 1986 3.75 2.00 0.00 5.75 2.00 0.25 0.00 0.10 1.50 0.90 1987 4.51 2.00 0.00 6.51 2.00 0.25 1.00 0.50 1.50 0.50 a. The property tax millage for the Kodiak Island Borough has not in the past years been broken out to indicate the true millage that would be distributed to the various entities. b. Contributions from the Borough to the School District for the last ten years is calculated to have been as follows: Fiscal Year. Assessed Value Amount of Contribution Millage Equivalent 1978 $174,701,490 $ 457,180 2.62 1979 182,722,540 824,164 4.51 1980 309,925,500 1,023,435 3.30 1981 357,662,900 1,066,927 2.98 1982 337,072,196 676,922 2.01 1983 284,114,955 1,172,544 4.13 1984 395,620,404 1,478,912 3.74 1985 394,608,581 1,377,345 3.49 1986 406,612,778 1,524,460 3.75 1987 404,859,425 2,140,149 5.29 107 s V KODIAK ISLAND BOROUGH KODIAK, ALASKA TEN LARGEST TAXPAYERS Year ended June 30, 1987 Taxpayer Glacier State Telephone International Seafoods of Alaska Alaska Pacific Seafoods Brechan Enterprises, Inc. (Construction) King Crab, Inc. Western Alaska Fisheries Queen Fisheries, Inc. Peterson, James E. (Retailer) Uganik, Inc. (Fishing) Columbia Wards Fisheries Totals 1987 Assessed Taxes Valuation Levied $ 9,391,621 $ 52,105 8,814,743 45,945 5,626,565 25,528 4,970,785 24,653 4,049,542 23,155 4,906,632 22,147 4,044,013 20,867 3,843,440 17,759 2,525,155 14,520 4,155,415 14,499 $52,327,911 $261,178 Table 6 Percent of Total 2.38% 2.10 1.17 1.13 1.06 1.01 .95 .81 .66 .66 11.93% 108 Table 7 KODIAK ISLAND BOROUGH KODIAK, ALASKA RATIO OF NET GENERAL BONDED DEBT Last ten fiscal years (a) 1980 population is per U.S. Bureau of Censes; others are estimates from the Borough Planning Department based on the "Housing Unit Method." (b) This figure was via a joint Borough /City special census. This figure was accepted and certified by the State demographer on November 17, 1982 and later accepted by the Federal Bureau of Census. 109 Ratio of Net Net Bonded Bonded Less Debt Debt to Debt Fiscal Assessed Gross Service Net Bonded Assessed per Year Population Value Bonded Debt Fund Debt Value Capita 1978 9,462 $174,701,490 $ 4,130,000 $ 180,000 $ 3,950,000 2.3 417 1979 9,701 182,722,540 3,930,000 195,000 3,735,000 2.0 385 1980 (a) 9,939 309,925,500 3,725,000 226,462 3,498,538 1.1 352 1981 10,124 357,662,900 15,610,000 1,180,818 14,429,182 4.0 1,425 1982 (b) 12,714 337,092,196 15,390,000 435,438 14,954,562 4.4 1,176 1983 13,079 284,114,955 22,275,000 435,438 21,839,562 7.7 1,670 1984 13,389 395,620,404 30,025,000 6,300,296 23,724,704 6.0 1,772 1985 13,748 394,608,581 25,815,000 7,154,308 18,660,692 4.7 1,357 1986 13,952 406,612,778 30,665,000 7,776,557 22,888,443 5.6 1,641 1987 14,127 404,859,425 25,925,000 7,279,292 18,645,708 4.6 1,320 (a) 1980 population is per U.S. Bureau of Censes; others are estimates from the Borough Planning Department based on the "Housing Unit Method." (b) This figure was via a joint Borough /City special census. This figure was accepted and certified by the State demographer on November 17, 1982 and later accepted by the Federal Bureau of Census. 109 rr rr rr rr r r r r rr rr r r r rr r rr r r r KODIAK ISLAND BOROUGH KODIAK, ALASKA COMPUTATION OF DIRECT AND OVERLAPPING DEBT Year ended June 30, 1987 Table 8 (a) Gross debt outstanding less applicable amounts in the Debt Service Funds. (b) Determined by ratio of assessed valuation of property subject to taxation in overlapping unit to valuation of property subject to taxation in reporting unit. (c) Under Alaska Statutes Title 29, there is no limitation on municipal debt. 110 Percentage Kodiak Applicable Island Net Debt to this Borough's Outstanding Governmental Share of Name of Governmental Unit (a) Unit (b) Debt Kodiak Island Borough: General obligation bonds $18,603,015 100% $18,603,015 City of Kodiak: General obligation bonds 1,875,000 64% 1,200,000 Revenue bonds 2,655,000 64% 1,699,920 Total $23,133,015 $21,502,935 (a) Gross debt outstanding less applicable amounts in the Debt Service Funds. (b) Determined by ratio of assessed valuation of property subject to taxation in overlapping unit to valuation of property subject to taxation in reporting unit. (c) Under Alaska Statutes Title 29, there is no limitation on municipal debt. 110 KODIAK ISLAND BOROUGH KODIAK, ALASKA COMPUTATION OF LEGAL DEBT MARGIN June 30, 1987 Assessed value Plus exempt property Total Table 9 $ 404,859,425 1,127,834,040 $1,532,693,465 The State of Alaska does not mandate a debt limit to its municipalities and political subdivisions. Debt capacity is ultimately determined by the marketplace. 111 r r r r r r rr rr r r r rr rr rr r r r r r KODIAK ISLAND BOROUGH KODIAK, ALASKA RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL BONDED DEBT TO TOTAL GENERAL EXPENDITURES Last ten fiscal years Table 10 Ratio of Debt Service to General Expenditures (percent) 22.7 20.6 14.9 11.4 48.8 20.2 66.6 128.6 149.6 127.6 (a) Serial maturities in the case of serial bonds; annual Debt Service Fund requirements in the case of term bonds. 112 Total Total Fiscal Principal Interest Debt General Year (a) and Fees Service Expenditures 1978 $ 165,000 $ 251,167 $ 416,167 $1,830,636 1979 200,000 241,226 441,226 2,144,647 1980 205,000 229,737 434,737 2,909,039 1981 215 218,521 433,521 3,788,467 1982 220,000 1,680,912 1,900,912 3,893,139 1983 515,000 1,185,806 1,700,806 8,434,431 1984 1,750,000 1,555,900 3,305,900 4,962,232 1985 4,210,000 2,108,539 6,318,539 4,913,578 1986 5,080,000 1,727,562 6,807,562 4,551,179 1987 4,750,417 1,787,384 6,537,801 5,123,941 Table 10 Ratio of Debt Service to General Expenditures (percent) 22.7 20.6 14.9 11.4 48.8 20.2 66.6 128.6 149.6 127.6 (a) Serial maturities in the case of serial bonds; annual Debt Service Fund requirements in the case of term bonds. 112 KODIAK ISLAND BOROUGH KODIAK, ALASKA DEMOGRAPHIC STATISTICS Last ten fiscal years Fiscal Year Population School Enrollment (b) 1978 9,462 2,093 1979 9,701 2,143 1980 (a) 9,939 2,149 1981 10,124 (d) 2,086 1982 (b) 12,714 2,106 1983 13,079 2,189 1984 13,389 2,180 1985 13,748 2,295 1986 13,952 2,252 1987 14,127 2,329 (a) 1980 per U.S. Bureau of Census; other years per Borough Planning Department. (b) Kodiak Island Borough School District. (c) Department of Labor, Anchorage. (d) This figure was via a joint Borough /City special census. This figure was accepted and certified by the State demographer on November 17, 1982 and later accepted by the Federal Bureau of Census. 113 Table 11 Unemployment Rate (c) 8.2% 8.0 9.7 10.0 12.1 9.7 6.9 9.6 7.7 7.4 r r r r rr r r r r r r rr �■r r r r r rr r rr rr rr r rr r� rr rr r r r r r r r r r rr r KODIAK ISLAND BOROUGH KODIAK, ALASKA SALARIES AND SURETY BONDS OF PRINCIPAL OFFICIALS Year ended June 30, 1987 Table 12 (1) By ordinance in 1984 the Kodiak Island Borough Assembly elected to decrease the amount of bond payments to self- insure except for the treasurer and cashier. These positions are bonded at $1,000,000 and $50,000, respectively. (2) Also covered by elected officials' errors and omission policy of $1,000,000. 114 Amount of Name of Official Title Annual Salary Surety Bond (1) Jerome M. Selby Mayor $60,000 (2) See page 4 Assembly members 1,200 (2) Contracted Attorney - - Bryce S. Weeks Finance Director /Treasurer 54,800 $1,000,000 Earl Smith Fire Chief, Service Area One 48,937 - Perry L. Page Data Processing Manager 44,471 - Gaye Vaughan Borough Clerk 44,376 - Linda Freed Director of Planning and Community Development 52,259 - Sylenda Paddock Cashier 21,916 50,000 Bryce Gordon Chief Building Official 49,375 - David Crowe Engineer 58,756 - Wayne Haerer Assessor /Appraiser 47,877 - Pam Delys- Baglien Director of Mental Health 66,023 - Robert McFarland Facilities Coordinator 44,475 - (1) By ordinance in 1984 the Kodiak Island Borough Assembly elected to decrease the amount of bond payments to self- insure except for the treasurer and cashier. These positions are bonded at $1,000,000 and $50,000, respectively. (2) Also covered by elected officials' errors and omission policy of $1,000,000. 114 Table 13 KODIAK ISLAND BOROUGH KODIAK, ALASKA SUMMARY OF DEBT SERVICE REQUIREMENTS TO MATURITY Year ended June 30, 1987 , Annual Principal and Interest Requirements General Obligation School Bonds Year Principal Interest Total 1987 $ 2,215,000 $ 969 ** $ 3,184,582 1988 3 1,785,679 ** 5,650,679 1989 3 1,471,702 ** 4,891,702 1990 1,830,000 1,261,126 ** 3,091,126 1991 1 1,120,682 ** 300150682 1992 1,960,000 9750503 ** 209350503 1993 1 824,642 ** 205040642 1994 1 6920962 ** 20427,962 1995 1 556,000 ** 2,351,000 1996 1 41711400 ** 10777,400 1997 925,000 333,600 1 1998 1 259,600 1 1999 1 179 1 2000 1 93,200 1 $25,925,000 $10 $36,866 * Does not include issues that have been fully defeased. See Table Of for 1974 issue that was refunded. ** Includes imputed interest of 8% Variable Rate Demand Bonds, Series 1984B and 1986A. Note: This Table (and subsidiary Tables 13a through 13f inclusive) indicate debt service by calendar year; other information in this report relative to debt service is on a fiscal year (July 1 through June 30) basis. 115 KODIAK ISLAND BOROUGH KODIAK, ALASKA GENERAL OBLIGATION ELEMENTARY SCHOOL BUILDING, SERIES 1967 Retirement Schedule Table 13a This issue, dated January 1, 1967, consists of 150 bonds in the amount of $5,000 each, totaling $750,000. Bonds numbered 1 through 140 have been retired. Bonds numbered 141 through 150 bear interest at the rate indicated below. Bonds are retired serially in numerical order over a period of 20 years. Retirement date is September 1 of each year beginning in 1968. Bonds maturing in 1979 and after are callable beginning in 1979, but according to the escrow agreement, the call will not be exercised. Bonds were issued to extend and improve the elementary school system. Legal opinion was issued by Preston, Thorgrimson, Horowitz, Starin and Ellis. Bonds are payable at the Seattle First National Bank, Seattle, Washington. Bond Principal Interest Interest Interest Numbers Due Due Due Year Rate Inclusive September 1 March 1 September 1 Total 1987 5% 141 -150 $ 50,000 $ - $1,250 $51,250 116 KODIAK ISLAND BOROUGH KODIAK, ALASKA GENERAL OBLIGATION SCHOOL REFUNDING BONDS, SERIES 1974B Retirement Schedule Table 13b This issue, dated August 1, 1974, consists of 380 bonds in the amount of $5,000 each, totaling $1,900,000. Bonds numbered 1 through 43 have been retired. Bonds numbered 44 through 380 bear interest at the rate indicated below. Bonds are retired serially in numerical order over a period of 20 years. Retirement date is August 1 of each year beginning in 1975. Bonds maturing in 1983 and after are callable beginning in 1982, but according to the escrow agreement, the call privilege will not be exercised. Bonds were issued to extend and improve the school system. Bonds are payable at the Central Bank of Denver, Denver, Colorado. $1,685,000 $164,937 $226,018 $2,075,955 117 Bond Principal Interest Interest Interest Coupon Numbers Due Due Due Year Rate Number Inclusive August 1 February 1 August 1 Total 1987 7.25% 25 -26 44 -90 $ 235,000 $ - $ 61,081 $ 296,081 1988 7.25 27 -28 91 -140 250,000 52,562 52,563 355,125 1989 7.25 29 -30 141 -194 270,000 43,500 43,500 357,000 1990 7.25 31 -32 195 -252 290,000 33,712 33,712 357,424 1991 7.25 33 -34 253 -314 310,000 23,200 23,200 356,400 1992 7.25 35 -36 315 -380 330,000 11,963 11,962 353,925 $1,685,000 $164,937 $226,018 $2,075,955 117 ' KODIAK ISLAND BOROUGH KODIAK, ALASKA GENERAL OBLIGATION SCHOOL EXTENSION AND IMPROVEMENT BONDS, SERIES 1980A Retirement Schedule Table 13c This issue, dated August 1, 1980, consists of 2,420 bonds in the amount of $5,000 each, totaling $12,100,000. Bonds numbered 1 through 342 have been retired. Bonds numbered 343 through 2420 bear interest at the rate indicated below. Bonds are retired serially in numerical order over a period of 20 years. Retirement date is August 1 of each year beginning in 1982. Bonds maturing in 1991 and after are callable on this date and any interest date thereafter. Bonds were issued to extend and improve the school system. Bonds are payable at the Rainier Bank and Trust, Seattle, Washington. $10,390,000 $3,180,411 $3,595,037 $17,165,448 * Maturities on and after August 1, 1991 are callable at par on this or any interest date thereafter. 118 Bond Principal Interest Interest Interest Numbers Due Due Due Year Rate Inclusive August 1 February 1 August 1 Total 1987 9.00% 343 -428 $ 430,000 $ - $ 414,626 $ 844,626 1988 9.00 429 -521 465,000 395,277 395,277 1,255,554 1989 9.00 522 -621 500,000 374,351 374,351 1,248,702 1990 7.30 622 -729 540,000 351,851 351,851 1,243,702 1991 7.30 730 -846 585,000 332,141 332,141 1,249,282 1992 7.45 847 -973 630,000 310,789 310,789 1,251,578 1993 7.60 974 -1109 680,000 287,321 287,321 1,254,642 1994 7.75 1110 -1258 735,000 261,481 261,481 1,257,962 1995 8.00 1259 -1577 795,000 233,000 233,000 1,261,000 1996 8.00 1578 -1749 860,000 201,200 201,200 1,262,400 1997 8.00 1750 -1934 925,000 166,800 166,800 1,258,600 1998 8.00 1935 -2134 1,000,000 129,800 129,800 1,259,600 1999 8.00 2135 -2350 1,080,000 89,800 89,800 1,259,600 2000 8.00 2351 -2420 1,165,000 46,600 46,600 1 ,258,200 $10,390,000 $3,180,411 $3,595,037 $17,165,448 * Maturities on and after August 1, 1991 are callable at par on this or any interest date thereafter. 118 Table 13d KODIAK ISLAND BOROUGH KODIAK, ALASKA t GENERAL OBLIGATION SCHOOL IMPROVEMENT BONDS, SERIES 1984B Retirement Schedule This issue, dated May 1984, consisted initially of nine bonds totaling $9,500,000. Bonds in the amount of $4,700,000 have been retired. Bonds are retired serially in numerical order over a period of six years. Retirement date is quarterly, each as indicated below. Bonds maturing in 1984 and after are callable beginning in 1982, but according to the escrow agreement, the call privilege will not be exercised. This issue was marketed by and is indexed weekly by John Nuveen & Co. of Chicago. Legal opinion was rendered by bond counsel, Wohlforth & Flint of Anchorage. Bonds were issued to construct the Kodiak High School auditorium. Bonds are payable at the Metropolitan branch of the Seattle First National Bank, Seattle, Washington. * Interest is at a variable rate; calculations made at 8% of the unpaid principal balance. * These are variable rate demand bonds. Number of bonds issued and denomina- tions will vary over the life of the issue. The original buyer was one firm and nine bonds were issued; one for $1,500,000 and eight for $1,000,000 each on May 3, 1984. 119 1 I� Interest Principal Interest Maturity Rate Quarterly Quarterly Total Jul 1987 Variable $ 500,000 $ 96,000 $ 596,000 Oct 1987 Variable 500,000 86,000 586,000 Jan 1988 Variable 500,000 76,000 576,000 Apr 1988 Variable 550,000 65,000 615,000 Jul 1988 Variable 550,000 55,000 605,000 Oct 1988 Variable 550,000 44,000 594,000 Jan 1989 Variable 550,000 33,000 583,000 Apr 1989 Variable 550,000 22,000 572,000 Jul 1989 Variable 550,000 11,000 561,000 $4,800,000 $488,000 $5,288,000 * Interest is at a variable rate; calculations made at 8% of the unpaid principal balance. * These are variable rate demand bonds. Number of bonds issued and denomina- tions will vary over the life of the issue. The original buyer was one firm and nine bonds were issued; one for $1,500,000 and eight for $1,000,000 each on May 3, 1984. 119 1 I� Table 13e KODIAK ISLAND BOROUGH KODIAK, ALASKA GENERAL OBLIGATION SCHOOL IMPROVEMENT BONDS, SERIES 1986A Retirement Schedule This issue, dated June 4, 1986, consists of 198 bonds in the amount of $50,000 each, and one bond in the amount of $30,000, totaling $9,930,000. Bonds numbered 1 through 19 have been retired. Bonds numbered 20 through 199 bear interest at the rate indicated below. Bonds are retired serially in numerical order over a period of ten years. Retirement dates are quarterly beginning on September 1, 1986 and quarterly thereafter. For information on early call of these bonds, please review the ordinance, letter of credit, and prospectus on this issue. This issue was marketed by and is indexed weekly by John Nuveen b Co. of Chicago. Legal opinion was rendered by bond counsel, Wohlforth & Flint of Anchorage. Bonds were issued to renovate and extend various school projects. Bonds are payable at the Metropolitan branch of the Seattle First National Bank, Seattle, Washington. * Interest is at a variable rate; calculation made at 8% of the unpaid principal balance. 120 Bond Interest Numbers Principal Maturity Rate Inclusive Amount Interest Total Sep 1987 Variable 20 -24 $ 250,000 $ 157,500 $ 407,500 Dec 1987 Variable 25 -29 250,000 153,125 403,125 Mar 1988 Variable 30 -34 250,000 170,000 420,000 Jun 1988 Variable 35 -39 250,000 165,000 415,000 Sep 1988 Variable 40 -44 250,000 160,000 410,000 Dec 1988 Variable 45 -49 250,000 155,000 405,000 Mar 1989 Variable 50 -54 250,000 150,000 400,000 Jun 1989 Variable 55 -59 250,000 145,000 395,000 Sep 1989 Variable 60 -64 250,000 140,000 390,000 Dec 1989 Variable 65 -69 250,000 135,000 385,000 Mar 1990 Variable 70 -74 250,000 130,000 380,000 Jun 1990 Variable 75 -79 250,000 125,000 375,000 Sep 1990 Variable 80 -84 250,000 120,000 370,000 Dec 1990 Variable 85 -89 250,000 115,000 365,000 Mar 1991 Variable 90 -94 250,000 110,000 360,000 Jun 1991 Variable 95 -99 250,000 105,000 355,000 Sep 1991 Variable 100 -104 250,000 100,000 350,000 Dec 1991 Variable 105 -109 250,000 95,000 345,000 Mar 1992 Variable 110 -114 250,000 90,000 340,000 Jun 1992 Variable 115 -119 250,000 85,000 335,000 Sep 1992 Variable 120 -124 250,000 80,000 330,000 Dec 1992 Variable 125 -129 250,000 75,000 325,000 Mar 1993 Variable 130 -134 250,000 70,000 320,000 Jun 1993 Variable 135 -139 250,000 65,000 315,000 Sep 1993 Variable 140 -144 250,000 60,000 310,000 Dec 1993 Variable 145 -149 250,000 55,000 305,000 Mar 1994 Variable 150 -154 250,000 50,000 300,000 Jun 1994 Variable 155 -159 250,000 45,000 295,000 Sep 1994 Variable 160 -164 250,000 40,000 290,000 Dec 1994 Variable 165 -169 250,000 35,000 285,000 Mar 1995 Variable 170 -174 250,000 30,000 280,000 Jun 1995 Variable 175 -179 250,000 25,000 275,000 Sep 1995 Variable 180 -184 250,000 20,000 270,000 Dec 1995 Variable 185 -189 250,000 15,000 265,000 Mar 1996 Variable 190 -194 250,000 10,000 260,000 Jun 1996 Variable 195 -199 250,000 5,000 255,000 TOTALS $9,000,000 $3,285,625 $12,285,625 * Interest is at a variable rate; calculation made at 8% of the unpaid principal balance. 120 Table 13f KODIAK ISLAND BOROUGH KODIAK, ALASKA GENERAL OBLIGATION REFUNDING BONDS, SERIES 1974 Retirement Schedule This issue, dated April 1, 1974, consists of 800 bonds in the amount of $5,000 each, totaling $4,000,000. Bonds numbered 1 through 440 have been retired. Bonds numbered 441 through 800 bear interest at the rate indicated below. Bonds are retired serially in numerical order over a period of twenty years. Retirement date is August 1 of each year beginning in 1974. This issue was refunded by the August 1, 1974 issue and payment funds are in escrow at Central Bank of Denver. Bonds maturing in 1989 and after are callable beginning in 1989, and according to the escrow agreement, the call privilege will be exercised. Bonds were issued to refund the Borough's outstanding general obligation bonds. Bonds are payable at the Central Bank of Denver, Denver, Colorado. $1,800,000 $ 86,401 1111,489 $1,997,890 * Funds are in Account No. 87 -1248 with the Central Bank of Denver. Maturities of 1990 through 1992 will be called on August 1, 1989, per Section 4 of the Escrow Agreement with Central Bank of Denver, Denver, Colorago, dated October 1, 1974. MEMO ONLY - Refunded by August 1, 1974 issue. I 121 1 Bond Principal Interest Interest Interest Numbers Due Due Due Year Rate Inclusive August 1 February 1 August 1 Total 1987 5.40% 441 -493 $ 265,000 $ - $ 25,088 $ 290,088 1988 5.50 494 -548 275,000 21,511 21,511 318,022 1989 5.55 549 -606 290,000 17,729 17,729 325,458 1990 5.60 607 -667 305,000 27,160 27,160 359,320 1991 5.65 668,732 325,000 10,311 10,311 345,622 1992 5.70 733 -800 340,000 9,690 9,690 359,380 $1,800,000 $ 86,401 1111,489 $1,997,890 * Funds are in Account No. 87 -1248 with the Central Bank of Denver. Maturities of 1990 through 1992 will be called on August 1, 1989, per Section 4 of the Escrow Agreement with Central Bank of Denver, Denver, Colorago, dated October 1, 1974. MEMO ONLY - Refunded by August 1, 1974 issue. I 121 1 � w w w w w w w r ■� �� w w w w w �■■ w KODIAK ISLAND BOROUGH KODIAK, ALASKA PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS Last ten fiscal years Source: 1. From local bankers * Estimated actual value Deposits in Local Banks (1) $ 7,181,883 11,304,893 12,159,684 65,921,937 71,801,883 54,032,065 59,010,831 61,598,752 64,420,672 78,402,810 122 Table 14 PROPERTY VALUE * Commercial Residential Nontaxable $ 24,454,238 66,992,335 77,248,643 77,980,241 86,107,893 107,487,339 104,233,851 116,411,447 115,574,577 114,409,875 $ 93,442,972 109,403,194 103,559,568 109,408,625 129,872,475 199,913,042 220,001,411 236,302,401 258,311,716 252,950,321 $ 2,201,292 2,317,150 51,735,973 51,972,410 208,695,345 245,623,546 739,960,807 1,053,965,717 1,127,834,040 1,134,524,305 CONSTRUCTION Commercial Residential Fiscal No. of No. of Year Units Value Units Value 1978 5 $ 163,207 57 $ 1,496,321 1979 15 518,908 39 9,183,204 1980 20 354,538 32 1,691,266 1981 40 331,941 55 2,163,650 1982 53 826,596 71 3,208,175 1983 77 7,708,474 136 10,631,463 1984 63 2,965,496 74 5,495,636 1985 62 10,316,833 99 7,928,241 1986 54 3,012,970 118 10,563,802 1987 35 4,256,169 134 5,313,110 Source: 1. From local bankers * Estimated actual value Deposits in Local Banks (1) $ 7,181,883 11,304,893 12,159,684 65,921,937 71,801,883 54,032,065 59,010,831 61,598,752 64,420,672 78,402,810 122 Table 14 PROPERTY VALUE * Commercial Residential Nontaxable $ 24,454,238 66,992,335 77,248,643 77,980,241 86,107,893 107,487,339 104,233,851 116,411,447 115,574,577 114,409,875 $ 93,442,972 109,403,194 103,559,568 109,408,625 129,872,475 199,913,042 220,001,411 236,302,401 258,311,716 252,950,321 $ 2,201,292 2,317,150 51,735,973 51,972,410 208,695,345 245,623,546 739,960,807 1,053,965,717 1,127,834,040 1,134,524,305 KODIAK ISLAND BOROUGH KODIAK, ALASKA MISCELLANEOUS STATISTICAL DATA Years ended June 30, 1977 through 1986 Date of incorporation - September 30, 1963, Second Class Borough by Chapter 146 Sessions, Laws of Alaska 1961, as amended, Form of Government - Mayor /Assembly. Area - square miles Miles of improved street Miles of sanitary sewers Number of water taps Number of sanitary sewer taps Building permits: Permits issued Value of buildings (thousands) Fire protection: Number of fire stations Number of employees Police protection - none Recreation: Parks - number of acres Facilities: Number of playgrounds Number of swimming pools Education: Number of schools: Elementary Junior high /middle Senior high /middle Vocational technology Number of administrative personnel Number of teachers Number of students Number of municipal employees Elections: Number of registered voters Number voting in last election Percent of registered voters 1978 1979 1980 1981 4,900 4,900 4,900 4,900 16.48 16.48 16.48 16.48 62 52 52 95 3,044.2 9,701.9 2,045.8 2,495.5 410.5 740.5 1,500 2,230 1 1 1 1 11 11 11 11 4 4 4 4 4 5 6 6 1 1 1 1 130 163 181 187 129 141 150 150 2,129 2,143 2,149 2,086 21 21 32 37 4,468 4,778 5,123 5,198 1,197 1,661 1,595 1,613 26.8 34.8 31.1 31.0 (a) Prior years include lands designated recreational; 1986 and after represents actual parks. 123 Table 15 1982 1983 1984 1985 1986 1987 4,900 4,900 4,900 4,900 4,900 4,900 16.48 16.48 16.48 17.29 19.53 20.3 - - 3.7 4.2 9.63 15.49 - 309 309 309 410 390 - 170 170 170 327 359 124 213 137 161 172 169 4,034.7 18,339.9 8,416.1 17,858.0 12,196.8 9,570.0 - - 2 2 2 2 - - 1 1 1 1 2,440 3,277 4,099 3,414 220(a) 222 - 4 5 5 14 15 1 1 1 1 1 1 10 10 10 10 10 10 4 4 4 4 4 4 6 6 7 7 7 7 1 1 1 1 1 1 178 179 174 158 159 152 150 152 156 157 154 148 2,106 2,189 2,180 2,295 2,285 2,329 39 46 49 46 49 53 5,883 5,115 5,200 6,603 6,463 6,559 1,619 1,720 2,079 3,075 2,356 2,094 27.5 33.6 44.0 46.6 36.4 31.9 124