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CAFR FY1993KODIAK ISLAND BOROUGH 1993 COMPREHENSIVE ANNUAL FINANCIAL REPORT U LY 1, 1992 -JUNE 30, 1993 1 I KODIAK ISLAND BOROUGH Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 1993 Kodiak, Alaska Jerome Selby, Borough Mayor e f Prepared by Finance Department: Karleton Short, Finance Director Cheryl Bolger, Accountant KODIAK ISLAND BOROUGH Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 1993 TABLE OF C INTRODUCTORY SECTION EXHIBIT PAGE ELECTED OFFICIALS (PHOTOGRAPHS) ............................... . ......... I'll .... ... .......................................... I........ v BOROUGHOFFICIALS ..................................................................................................... ............................... vi BOARDSAND COMMITTEES ............................................................ ............................... ............................ vii MAP OF KODIAK ISLAND BOROUGH ........................................................................... ............................... ix GFOA CERTIFICATE OF ACHIEVEMENT ...................................................................... ............................... x ORGANIZATIONALCHART ............................................................................................ ............................... xi LETTEROF TRANSMITTAL ......................................................................................... ............................... xiii FINANCIAL SECTION INDEPENDENT AUDITOR'S REPORT .......................................................................... ............................... 1 GENERAL PURPOSE FINANCIAL STATEMENTS Combined Balance Sheet - All Fund Types and Account Groups .................... ............................... l 2 Combined Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance - All Governmental Fund Types ........................... ..............................2 6 Combined Statement of Revenues, Expenditures, Transfers and Changes in Fund Balances - Budget and Actual - General Fund, Special Revenue Funds and Debt Service Funds ......................................... ..............................3 8 Combined Statement of Revenues, Expenses, Transfers and Changes in Retained Earnings - Proprietary Fund Type - Enterprise Funds ..................... ..............................4 11 Combined Statement of Cash Flows - Proprietary Fund Type - Enterprise Funds ..................................................... ..............................5 12 Notes to Financial Statements ......................................................................................... ............................... 13 COMBINING, INDIVIDUAL FUND AND ACCOUNT GROUP FINANCIAL STATEMENTS GENERAL FUND: BalanceSheet ............................................................................................. ............................A -1 31 Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance - Budget and Actual ..................................................... ............................A -2 32 Schedule of Expenditures and Transfers - Budgetand Actual ............................ ..................... ............................................................... A -3 35 KODIAK ISLAND BOROUGH Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 1993 TABLE OF CONTENTS (continued) DEBT SERVICE FUNDS: CombiningBalance Sheet .......................................................................... ............................... C -1 68 Combining Statement of Revenues, Expenditures Transfers, and Changes in Fund Balance ................................................. ............................... C -2 69 Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance - Budget and Actual: SchoolBonds ......................................................................................... ............................... C -3 70 Other..................................................................................................... ............................... C-4 71 CAPITAL PROJECTS FUNDS: CombiningBalance Sheet ............................................................................. ............................D -I 74 Combining Statement of Revenues, Expenditures, Transfers and Changes in Fund Balances .................................................... ............................D -2 76 Schedule of Capital Projects .......................................................................... ............................D -3 78 I EXHIBIT PAGE SPECIAL REVENUE FUNDS: CombiningBalance Sheet ............................................................................. ............................B -1 42 Combining Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance ( Deficit) .................. ................................................................. B -2 46 Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance - Budget and Actual: Fire and Road Service Districts: Fire: Area1 .......................................................................................... ............................... Women's Bay .................................................................................. ............................B B -3 -4 50 51 Road: MonashkaBay ............................................................................. ............................... B -5 52 District1 ......................................................................................... ............................B -6 53 Women's Bay ............................................................................... ............................... B -7 54 BayView ....................................................................................... ............................B -8 55 MentalHealth Center ...................................................................... ............................B -9 Mental Health Center - Schedule of Expenditures ............................ ............................... B -10 56 57 ' CoastalManagement ............................................................................ ...........................B -11 58 DayCare ............................................................................................... ...........................B Education.............................................................................................. ...........................B -12 -13 59 60 LandSales ........................................................................................ ............................... B -14 61 Buildingsand Grounds ..................................................................... ............................... B -15 62 Woodland Acres Lighting ................................................................. ............................... B -16 63 Community and Regional Affairs .......................................................... ...........................B -17 64 OilSpill Cleanup .............................................................................. ............................... B -18 65 DEBT SERVICE FUNDS: CombiningBalance Sheet .......................................................................... ............................... C -1 68 Combining Statement of Revenues, Expenditures Transfers, and Changes in Fund Balance ................................................. ............................... C -2 69 Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance - Budget and Actual: SchoolBonds ......................................................................................... ............................... C -3 70 Other..................................................................................................... ............................... C-4 71 CAPITAL PROJECTS FUNDS: CombiningBalance Sheet ............................................................................. ............................D -I 74 Combining Statement of Revenues, Expenditures, Transfers and Changes in Fund Balances .................................................... ............................D -2 76 Schedule of Capital Projects .......................................................................... ............................D -3 78 I Sewer: BalanceSheet ........................................................................................ ............................... E -10 94 KODIAK ISLAND BOROUGH Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 1993 E -11 95 TABLE OF CONTENTS (continued) E -12 97 Hospital: BalanceSheet ....................................................................................... ............................... EXHIBIT PAGE ENTERPRISE FUNDS: CombiningBalance Sheet .......................................................................... ............................... E -1 82 Combining Statement of Revenues, Expenditures, Transfers E -15 101 and Changes in Retained Earnings ........................................................... ............................... E -2 85 Combining Statement of Cash Flows .......................................................... ............................... Sanitary Services: E -3 86 Balance Sheet, ........... ...... *,*,*,* ....... * ................ — .......... Statement of Revenues, Expenditures, Transfers and Changes E4 88 in Retained Earnings - Budget and Actual .............................................. ............................... E -5 89 Statementof Cash Flows .......................................................................... ............................... E-6 90 Water: BalanceSheet .......................................................................................... ............................... E -7 91 Statement of Revenues, Expenditures, Transfers and Changes in Retained Earnings - Budget and Actual .............................................. ............................... E -8 92 Statementof Cash Flows .......................................................................... ............................... E -9 93 Sewer: BalanceSheet ........................................................................................ ............................... E -10 94 Statement of Revenues, Expenditures, Transfers and Changes in Retained Earnings - Budget and Actual ............................................ ............................... E -11 95 Statementof Cash Flows ........................................................................ ............................... E -12 97 Hospital: BalanceSheet ....................................................................................... ............................... E -13 98 Statement of Revenues, Expenditures, Transfers and Changes inRetained Earnings ............................................................................ ............................... E -14 100 Statementof Cash Flows ....................................................................... ............................... E -15 101 AGENCY FUNDS: Combining Statement of Changes in Assets and Liabilities ........................ ............................... GENERAL FIXED ASSETS ACCOUNT GROUP: F -1 104 Schedule of General Fixed Assets by Source .................................................. ............................G Schedule of General Fixed Assets by Function and Activity .......................... ............................G Schedule of Changes in General Fixed Assets by -1 -2 105 106 Functionand Activity .................................................................................. ............................G -3 107 1 KODIAK ISLAND BOROUGH !� Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 1993 TABLE OF CONTENTS (continued) EXHIBIT PAGE GENERAL LONG -TERM DEBT ACCOUNT GROUP: Schedule of General Long -Term Debt ........................................................... ............................H -1 109 ADDITIONAL INFORMATION - BONDED INDEBTEDNESS: Summary of Debt Service Requirements to Maturity ................................... ............................... I -1 111 General Obligation School Refunding Bonds, Series 1991 A Retirement ................................................................................. ............................... I -2 112 General Obligation School Refunding Bonds, Series 1989 Retirement .................................................... ............................................................ Asbestos Removal Loan Payable - Retirement Schedule ................. 1 -3 1 -4 113 114 ............................................ STATISTICAL SECTION � I TABLE PAGE STATISTICAL TABLES: General Governmental Expenditures and Other Uses by Function - Last Ten Fiscal Years .............................................................. ..............................1 115 1 General Revenues by Source - Last Ten Fiscal Years ....................................... ..............................2 116 Property Tax Levies and Collections - LastTen Fiscal Years .................................................................................... ..............................3 117 Assessed and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years ................................................................... ..............................4 118 Property Tax Rates - All Overlapping Governments - Last Ten Fiscal Years ................................................................................... ..............................5 119 E Ten Largest Property Taxpayers ..................................................................... ..............................6 120 Ratio of Net General Bonded Debt - Last Ten Fiscal Years ............................. ..............................7 Computation of Direct and Overlapping Debt 121 122 ................................................. ..............................8 Computation of Legal Debt Margin ................................................................. ..............................9 123 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General Expenditures and Transfers - Last Ten Fiscal Years ................................................................................... .............................10 124 Demographic Statistics - Last Ten Fiscal Years ............................................ ............................... 11 125 z Salaries and Surety Bonds of Principal Officials ............................................. .............................12 126 Property Value, Construction and Bank Deposits - Last Ten Fiscal Years ................................................................................... .............................13 127 Miscellaneous Statistical Data - June 30, 1984 throughJune 30, 1993 .................................................................................. .............................14 128 F 1 i FINANCIAL SECTION Annual Report • Kodiak Island Borough, Alaska - ASSEMBLY MEMBERS- To the Honorable Mayor and Members of the Kodiak Island Borough Assembly: In accordance with the provisions of the Kodiak Island Borough Code, there is presented herewith the Comprehensive Annual Financial Report for the year ended June 30, 1993, and the related statements and statistical tables. Respectfully submitted, �r.4t ,.'l. 4i42 Karleton G. Short, Finance Director GORDON L. GOULD At Large, 1994 Deputy Presiding Officer ALAN D. AUSTERMAN At Large, 1995 JEROME M. SELBY Mayor of Kodiak Island Borough, 1995 BETTY J. FITZJEARL At Large, 1993 SUZANNE J. HANCOCK At Large, 1993 JACK L. McFARLAND At Large, 1993 Presiding Officer of Assembly MICHAEL R. MILLIGAN At Large, 1994 MARY A. MONROE At Large, 1995 KODIAK ISLAND BOROUGH BOROUGH OFFICIALS YEAR ENDED JUNE 30, 1993 BOROUGH ASSEMBLY Betty J. Fitzjearl '93 Gordon J. Gould'94 (Deputy Presiding Officer) Suzanne J. Hancock'93 Jack L. McFarland '93 (Presiding Officer) BOROUGH MAYOR Jerome M. Selby '95 Michael R. Milligan '94 Mary A. Monroe '95 Alan Austerman '95 Karleton G. Short ............................................................ ............................... .........................Finance Director/Treasurer Steve Hobgood .................................................................................................. ..........Facilities/Engineering Coordinator DonnaSmith ....................................................................................... ............................... ........................Borough Clerk LindaL. Freed .....................................................................:.......... ............................... .......................Planning Director PatrickS. Carlson ................................................................................................................ ............................... Assessor PerryL. Page ............................................................................................. ............................... Data Processing Manager MartinWhite ........................................................................ ............................... .........................Mental Health Director EarlA. Smith ..................................................................................................................... ............................... Fire Chief Charles E. "Bud" Cassidy ............................................. ............................... .......................Resource Management Officer Jamin, Ebell, Bolger, Gentry ..................................................... ............................... (Contracted Firm) Borough Attorney EdwinMyers .................................................................................................. ............................... Hospital Administrator John Witteveen ................................................................................. ............................... Superintendent, School District CherylBolger ................................................................................................................. ............................... Accountant BarbaraTempleton ........................................................................... ............................... ..................... Purchasing Agent Vi I KODIAK ISLAND BOROUGH Personnel Advisory Board (5) _Planning and Zoning Commission (7) Joanne Demke * Jon R. Aspgren * Craig N. Fanning Shawn "Tuck" Bonney Katharine Gravino Jerrol Friend Jeff Silva Patricia Szabo Dorothy Weeks Clay Koplin Jody Hodgins Tom Peterson Woodlan Acres Street Lightin Service D Advisory Board (3) Bob Hatcher Barbara Heinrichs * Sharon Nault Vii KODIAK, ALASKA BOARDS AND COMMITTEES YEAR ENDED JUNE 30, 1993 School Board (7) Citizen Board of Equalization (5) * Alice Knowles * Jim Carmichael Will Walton Tim Hurley Pat Tabon Tom Peterson Bill Oliver Will Walton Norm Wooten Bill Roberts Kyle Shaffer, CG Rep. Woody Koning, Alternate Lane Schmelzenbach, Stud. Rep. Parks and Recreation Committee (12) Hospital Advisory Board (9) Ben Ardinger Forrest Blau Edwin Christman Loren Halter Barbara Heinrichs Gil Bane Claire Holland, State Rep., ex- officio Gordon Gould, Assembly Rep. Clay Kopin, P &Z Rep. Dr. Lane Reinhart- Linden, Chief of Staff Ian Fulp, City Rep., ex- officio Gretchen Saupe Kyle Shaffer, School Bd. Rep., ex- officio * Betty Springhill Wayne Stevens Jack McFarland, Assembly Rep. * David Odell Jane Osborne Gloria Wiechmann Mental Health Center Advisory Melissa Robinson Jane Spicciani Board 9 Virginia Sargent Building Code Board of Appeals/ James Carmichael (Architectural Review Board) (9) Katherine Gravino * Ron Chase Meri Holden Gerald Cloudy * Jeri Jensen Mary Monroe, Assembly Rep. John Burt Woody Koning Judy Ness William McClain Karen Perkins, KANE rep, ex- officio Mike Milligan, Assembly Rep. Ron Woitel Tom Templeton Letitia Raub Eric Ness Guy Snyder, CG rep, ex- officio Kyle Shaffer - School Board Rep. r Martin White, MHC Director, ex- officio Personnel Advisory Board (5) _Planning and Zoning Commission (7) Joanne Demke * Jon R. Aspgren * Craig N. Fanning Shawn "Tuck" Bonney Katharine Gravino Jerrol Friend Jeff Silva Patricia Szabo Dorothy Weeks Clay Koplin Jody Hodgins Tom Peterson Woodlan Acres Street Lightin Service D Advisory Board (3) Bob Hatcher Barbara Heinrichs * Sharon Nault Vii KODIAK ISLAND BOROUGH KODIAK, ALASKA BOARDS AND COMMITTEES YEAR ENDED JUNE 30, 1993 Data Processing Steerin Committee (9) Ed Myers Bill Oliver Jack McFarland Perry Page * Jerome Selby Karleton Short John Witteveen Jocelyn Zwiefelhofer Martin White Fire Protection Area #1 Advisory Board 5 * Scott Arndt Greg Spalinger Charles Lorenson John Shank Bill Swearingin Bay View Road Service District Advisory Board (5) Dawn Black Colleen Helligoso Rick Holzshu * Ken Minks Reed Oswalt Monashka Bay Road Service District Advisory Board (5) * Roger Blacket Mark Withrow Shawn Dillan Gregg Razo Mitch Hull Emergency Services Council (5) Tom Barrett, Capt. USCG * Gary Bloomquist Wally Johnson Jerome Selby Jack McFarland Services District No. 1 Advisory Board (7) * Scott Arndt Tom Abell Charles Lorenson Stan Thompson Andy Nault Earl Smith, Jr. Tom Streifel Women's Bay Service District Advisory Board (7) Jean Barber David Conrad * James "Butch" Fitzjearl George Lee Dale Starkovich Brian Stevens Laurie Madsen Kodiak Island Transportation Study Steering Committee (KITS) John Sullivan Matt Holmstrom Gary Bloomquist Dave Crowe Betty Fitzgerald Wally Johnson Jerome Selby Airport Advisory Committee (11 Jacque Bunting Dan Dorman Tom Watson Michael Machulsky Lee Robins * Wayne Stevens Joel Wattum John Chya, ex -officio John Miller, CG ex -officio 2 vacancies Ser Area No. 2 Commission (5 * Alice Mac Donough John Parker Richard Holzshu Jon Hartt Reed Oswalt * Indicates chair 1 I i s I 1 1 Viii I 2, oc Cs z ti 1 1 1 1 1 O C) Q� IL 1 0 0 i iX Certificate of Achievement for Excellence in Financial Reporting Presented to Kodiak Island Borough, Alaska For its Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 1992 A Certificate of Achievement for Excellence in Financial Reporting is presented by the Government Finance Officers Association of the United States and Canada to government units and public employee retirement systems whose comprehensive annual financial reports (CAFRs) achieve the highest standards in government accounting and financial reporting. k`�PM OF OFFjC�� / OWED STA W Mu H CUMA Z CON WN S President sZan. CMICA6 Executive Director 7Godiak.` tistand borough Organ' at, Chart UtcTOPLATt Borough ASST Mwted if.. Hospital Advisory Board (appointed by Assembt) Service District advisory Boards (Appointed) Citizens Advts rg Boards /Commission (Appointed by Assembt ) Personnel Board Admints- Woodtand acres Architectural Review 3lospitat Street Lighttng Parks and Recreation Administrator Department Board of Equattaation nentat fleatth Center Kospitat 71 Borough Economic Devetopment Staff attorney OCS advisory Councit Building Code Board of appeals Borough XITS Committee Cterk airport advisory Committee Planning & Zoning Commission (Appointed 6y Matgor ) nayor (Ekxted) Csenerat Community Engineering Admints- Development I /faciltties I trati.on I Department Department ft nance Department Service District Advisory Boards (Elected) - nonashk,a Say Road Service District - Womens Say Road Service /Fire District - Service District No.t -Road, Water, Sewer fire District No. i - Bayvtew Road Service District School toard (ftected ) Superintendent of ScFtooGs Scfwo6 Staff Data Ttentat Services assessing Department Center apartment Center Q a _ o � = October 1, 1993 To the Honorable Mayor and Members of the Assembly Kodiak Island Borough Kodiak, Alaska The comprehensive annual financial report (CAFR) of the Kodiak Island Borough (Borough), Kodiak, Alaska for the fiscal year ended June 30, 1993, is submitted herewith. This report was prepared by the Borough Finance Department. Responsibility for the accuracy, completeness and fairness of presentation, including all disclosures, rests with the Borough. We believe the data, as presented, is accurate in all material respects, that it is presented in a manner designed to fairly set forth the financial position and results of operations of the Borough as measured by the financial activity of its various funds, and that all disclosures necessary to enable the reader to gain maximum understanding of the Borough's financial affairs have been included. This comprehensive annual financial report is presented in three main sections: introductory, financial, and statistical. The introductory section includes background on the Borough, the fund accounting concept used by the Borough, and some financial presentations. The financial section includes the report of the independent accountants, combined financial statements, notes to financial statements, and more detailed combining and individual financial statements and schedules. The statistical section includes selected financial and general information generally presented on a ten year comparative basis. Kodiak IslandBorough 710 MILL BAY ROAD KODIAK, ALASKA 99615 -6340 PHONE (907) 486 -5736 GENERAL INFORMATION The Kodiak Island Borough lies at the western border of the Gulf of Alaska, about 40 miles south of the Kenai Peninsula. About two - thirds of the Borough lies in the Kodiak archipelago. One third of the Borough is on the Alaska Peninsula across the Shelikof Strait from Kodiak Island. The Shelikof Strait is only 20 miles wide in places. The Borough encompasses 7,130 square miles, making it slightly smaller than the State of Massachusetts. The Borough was incorporated September 30, 1963 as a Second Class Borough by Chapter 146 Sessions, Laws of Alaska 1961, as amended. The Borough is governed by a strong Mayor /Assembly form of government. The Borough Assembly is composed of seven members who are elected at large. The funds related to the Borough included in our CAFR are considered to be within the oversight responsibility of the Borough Assembly. The criteria used in determining the reporting entity are consistent with the Codification of Governmental Accounting and Financial Reporting Standards Section 2100, "Defining the Reporting Entity". Based on these criteria, the various funds and account groups (being all the funds and account groups of the Borough) shown in the Table of Contents are included in this report. xiii ECONOMIC CONDITION AND OUTLOOK The economic condition of the Kodiak Island Borough remains quite good. The main industries of the Kodiak Island Borough are commercial fishing, logging, and tourism. While some segments of the commercial fishing industry are down, others are up. Logging has increased dramatically. This is due to the cutbacks in logging in the Pacific Northwest. Their decreased production has increased the demand (and price) for our timber. Tourism continues to grow in Kodiak. More lodges are being built and the number of visitors continues to increase. Commercial fishing is by far the largest industry in the Kodiak Island Borough. For all of the fisheries combined, the total catch in calendar year 1992 was $102,621,097 compared to $101,877,551 in calendar year 1991. In recent years, salmon has accounted for approximately one third of the total value of the fisheries industry in Kodiak. The 1993 salmon catch in Kodiak was fairly good, with an ex- vessel value of approximately $33,000,000. Last year's (1992) ex- vessel value was $38,843,000. The shellfish (crab) industry continues in a slump with a catch of $12.2 million in 1992 compared to $10.3 million in 1991, $27.6 million in 1981, and $47.5 million in 1980. The assessed value of real and personal property of the Kodiak Island Borough has risen from $389,986,018 in 1984 to $591,436,473 in 1993, an increase of 52 %. The unemployment rate as of June 30 was 6.0% which is not quite as good as fiscal year 1992's rate of 5.1 %, but still better than fiscal year 1991's rate of 8.2 %. July 5th is the traditional time when the canneries hire their seasonal workers. The unemployment rate is generally 3 to 12 %. Based on current Chamber of Commerce projections, the Kodiak Island Borough will continue to grow through the end of the century. This growth will positively impact the Kodiak Island Borough, but it must be realized that the Borough will also have to grow to provide the same level of services to its residents. MAJOR INITIATIVES In preparing the fiscal year 1993, budget the Kodiak Island Borough identified several major projects to be addressed in fiscal year 1993. All major projects are listed in Exhibit D -3 of the annual report. The largest project initiated in fiscal year 1993 was the renovation of Peterson Elementary School. Peterson Elementary School was originally built in 1952 by the U.S. Navy when they had a large base in Kodiak. Ownership subsequently passed to the U.S. Coast Guard when the U.S. Navy left Kodiak and then transferred to the Kodiak Island Borough in 1992. As part of the transfer of the school to the Kodiak Island Borough, the U.S. Department of Education awarded the Kodiak Island Borough $3,740,690 to renovate this school. Major elements of this renovation include asbestos removal and abatement, compliance with the Americans with Disabilities Act (ADA), compliance with building codes, and work on the energy efficiency of the building. No other large projects were started in fiscal year 1993. Two large projects scheduled for fiscal year 1994 include a new elementary school and a complete renovation of the hospital. DEPARTMENT OR ACTIVITY SERVICE EFFORTS AND ACCOMPLISHMENTS The Borough provides a variety of services including education, health, garbage collection and disposal, planning and zoning, public improvements, and general administration. The Borough provides for education through the Kodiak Island Borough School District and has contracted with Lutheran Health Systems Management Company to operate the Kodiak Island Hospital and Care Center. The Borough is responsible for operating the sanitary landfill and provides water and sewer services outside the Kodiak city limits. The Borough has oversight responsibility for four road service districts, two fire protection districts, and one street light service district. Each year the Borough selects a department to highlight for its efforts and accomplishments. For fiscal year 1993, the Kodiak Island Borough Mental Health Center (KIBMHC) has been selected. The mission of KIBMHC is to maximize the quality of life in the Kodiak Island Borough through the provision of mental health services to its citizens and visitors. 11 1 1 i 1 1 FA 1 1 1 1 xiv 1 1 1 1 1 1 1 FJ 1 While not the largest in regard to budget, the mental health center is the largest in regard to staff size with over twenty full time employees (FTEs) and two contract staff positions (a psychiatrist and a psychiatric nurse). The center supports two primary programs; the Community Support Program (CSP) and the Outpatient Clinic. The Community Support Program is staffed with six clinicians and one business staff member while the Outpatient Clinic employs nine clinicians and two business staff members. The administrative staff consists of one overall director, an assistant director, a business manager, and a coordinator of community support services. Crisis management and provision of services to chronically mentally ill individuals constitute approximately one quarter of the services offered at the mental health center. Services related to interpersonal and interpersonal relationships are among the most sought after and include couples therapy, family therapy, child and adolescent treatment, and individual therapy. Individuals are able to access center services through self referral, physician referral, or by referral from another agency. In addition, services are provided to many individuals through specific Service Agreements, Memoranda of Agreement, and Employee Assistance Programs provided by the KIBMHC through contracts with individual employers. The Center is staffed in relation to the demand for services by the community. The number and type of staff hired are in direct response to the volume and type of clinical services needed. In recent years, the number of staff have been fewer than is currently projected for Fiscal Year 1994. As a result, the number of hours available for services has been limited. Since crisis and emergency services receive precedence over other, less critical services, availability of couples, family, and group psychotherapy services have been limited. Preventive services such as psychoeducational groups, community seminars, and support groups have been limited as well. With the increased demand for services, the center has been able to justify the addition of clinical staff for Fiscal Year 1994 to provide services in those areas previously mentioned which have to date been underserved Additional plans for service expansion include the increased delivery of therapeutic services to the outlying villages. The Community Support Program has recently shifted staffing patterns to maximize the ability to provide therapeutic services while minimizing the expense of doing so. As a result, new programs are currently being developed for service expansion within the CSP. This last year the management philosophy of the mental health center has been focused on the operation of the center as a business enterprise as well as a service provider. The goal of the KIBMHC is to be as self - supporting as possible in future years by reducing reliance on external funding and developing the centers ability to generate revenue to its greatest potential. By maximizing the agencies financial viability we are more able to assure its longevity within the community. Also in the last year, activity involving organizational development has been centered on aligning the staff composition, organizational structure, and center function with the needs of our community. The theme around which this effort has evolved is that of team building. Efforts to strengthen "team" relationships have occurred on three levels: First, management feels that the health of the mental health team needs to be reflective of the work we undertake with individuals from the community. The relative health and ability to cooperate of the center staff is roughly equivalent to that found within a functional family; Second, as members of a larger peer group, we have a responsibility to fost�.r interdependence and cooperation among other Borough departments and community agencies; Finally, we must remember our status as fellow human beings who share the same community and suffer the same human frailty and fallibility. Our professional status gives us knowledge to do our work but our role as members of this community gives us the credibility necessary to be effective. One in every ten people in the Kodiak Island Borough has obtained mental health services within the past year. The number of people demanding services continues to grow to the point where it has seriously challenged our ability to adequately meet these demands. The accomplishments of this past year and the current plans for growth are action taken to meet these growing demands and to continue our efforts to maximize the quality of life I xv 1 in the Kodiak Island Borough through the provision of mental health services. measurable and available, and expenditures are recognized when incurred. 1 FINANCIAL INFORMATION DISCUSSION OF CONTROLS Management is extremely aware of the importance of good internal controls. Although present controls are considered to be highly satisfactory and adequate, they continue to be scrutinized periodically for enhancements. Internal Control Structure The accounting system of the Borough is dependent upon a strong system of internal control. The Borough is concerned with all aspects of internal control, both reliable and accurate financial information and the safeguarding of Borough assets. As much as possible, in a small office, duties are segregated and no one person has complete control over any one area. Budgetary Controls The Borough uses the modified accrual basis for governmental funds and the accrual basis for enterprise funds. Under the modified accrual basis of accounting, revenues are recognized when Budgetary control is maintained by an annual appropriation system supplemented with a appropriation approximately half way through the fiscal year. Budgetary control is also maintained through the use of an encumbrance system. As purchase orders, contracts, and other obligations are issued, corresponding amounts of appropriations are reserved by the use of encumbrances so that appropriations will not be overexpended. All new moneys are appropriated by a public hearing and the adoption of an appropriation ordinance. Appropriation transfers are made between funds and/or departments only after the adoption of a resolution by the Assembly. Appropriation transfers between line items within a fund are done by staff. GENERAL GOVERNMENT FUNCTIONS The following schedule presents a summary of general fund revenues for the fiscal year ended June 30, 1993, and the amount and percentage of increases and decreases in relation to prior year revenues. Only the General Fund of the Borough is considered in the following explanation of general governmental functions. Property tax is the largest source of revenue for the general fund of the Kodiak Island Borough. The increase in property tax revenue is due primarily to an increase in the assessed value of the Borough of $32,077,389. The decrease in intergovernmental revenue is due mainly to a decrease in Raw Fish Tax of $290,257 and Municipal Assistance of $92,397. Changes in levels of expenditures for major General Fund functions of the Borough over the preceding year are shown in the following tabulation: 1 r r t a a �J xvi I Increase Percent (Decrease) Revenue Sources Amount of Total Over 1992 Property taxes $3,777,708 52.5% $ 239,857 Intergovernmental 1,991,730 27.7 (458,609) Investments and property 289,570 4.0 (77,981) Severance taxes 703,449 9.8 173,366 Licenses, permits, fees and other 433,826 6.0 220,890 $7,196,283 100.0% $ 97,523 Property tax is the largest source of revenue for the general fund of the Kodiak Island Borough. The increase in property tax revenue is due primarily to an increase in the assessed value of the Borough of $32,077,389. The decrease in intergovernmental revenue is due mainly to a decrease in Raw Fish Tax of $290,257 and Municipal Assistance of $92,397. Changes in levels of expenditures for major General Fund functions of the Borough over the preceding year are shown in the following tabulation: 1 r r t a a �J xvi I One goal of the Kodiak Island Borough in recent years has been to control any increase in expenditures. For fiscal year 1993, expenditures were $355,395 greater than fiscal year 1992, an 11% increase. Slightly over $100,000 of this $355,395 represents attorney fees for a lawsuit involving the 1989 Exxon Oil Spill. Per our agreement with the attorneys, they received one third of the proceeds from this case. The Borough did receive over $300,000, keeping over $200,000 after paying the attorneys. Another $147,211 of the $355,395 increase in expenditures was due to an increase in education funding. An additional goal of the Kodiak Island Borough is to reach and maintain a fund balance in the General Fund of two million dollars. To this end, the Kodiak Island Borough was able to add $53,744 to the fund balance of the General Fund bringing our fund balance at June 30, 1993 to $2,035,321. The following table reflects the fund balance of the General Fund at the close of business for fiscal years ended June 30: 1983 $ 2,684,707 1984 Increase 1985 2,661,914 Percent (Decrease) 1987 Amount of Total over 1992 General government $2,145,842 60.2% $ 220,665 Public safety 106,102 3.0 8,486 Public works 120,645 3.4 32,163 Health and sanitation 432,752 12.1 (45,572) Education 174,721 4.9 147,211 Culture and recreation 198,586 5.6 7,886 Conservation and development 384,649 10.8 1( 5.444) $3,563,297 100.0% $ 355,395 One goal of the Kodiak Island Borough in recent years has been to control any increase in expenditures. For fiscal year 1993, expenditures were $355,395 greater than fiscal year 1992, an 11% increase. Slightly over $100,000 of this $355,395 represents attorney fees for a lawsuit involving the 1989 Exxon Oil Spill. Per our agreement with the attorneys, they received one third of the proceeds from this case. The Borough did receive over $300,000, keeping over $200,000 after paying the attorneys. Another $147,211 of the $355,395 increase in expenditures was due to an increase in education funding. An additional goal of the Kodiak Island Borough is to reach and maintain a fund balance in the General Fund of two million dollars. To this end, the Kodiak Island Borough was able to add $53,744 to the fund balance of the General Fund bringing our fund balance at June 30, 1993 to $2,035,321. The following table reflects the fund balance of the General Fund at the close of business for fiscal years ended June 30: 1983 $ 2,684,707 1984 2 ,742,239 1985 2,661,914 1986 2,532,100 1987 2,475,747 1988 2,248,866 1989 3,098,371 1990 1,981,147 1991 1,774,750 1992 1,981,577 1993 2,035,321 PROPRIETARY OPERATIONS The Kodiak Island Hospital and Care Center is contracted for management services with the Lutheran Health Systems Management Company. The Borough is ultimately liable for any financial loss. The Hospital showed a loss in fiscal year 1993 of $766,421. This comes after a profit in fiscal year 1992 of $202,989. For the six months ended June 30, 1991, the Hospital lost $991,950. Calendar year 1990 losses were $781,365 calendar year and 1989 had a loss of $809,938. The Borough does not have a water plant or sewer treatment facility. Water is purchased from the City of Kodiak and sold to Borough users. These customers are in a service district contiguous to the City. In the last five years, the utility funds have had operating losses totaling $2,069,846. The only bright spot in light of all these losses is that fiscal year 1993's losses were considerably less than those of the previous four years. In fact, the sanitary services fund showed a profit in fiscal year 1993 of $5,644 after a loss of $256,276 in fiscal year 1992. This is a result of rate increases and an effort to get other entities to "pay their fair share." Water and sewer rates were increased 46% on July 1, 1991. This has made a significant decrease in the amount of losses these two funds have incurred in fiscal year 1993 and fiscal year 1992 as compared to previous years. The main factor driving these losses is depreciation. The water and sewer lines were originally funded by grants from the State of Alaska. In fiscal year 1993, depreciation on water lines was xvu $109,653 and on sewer lines it was $197,292. This amounts to $29.58 per month per account for depreciation. At the end of fiscal year 1993, a typical homeowner paid $94.80 per month for water, sewer, and garbage. An increase in the monthly bill to $111.49 would be required to cover all costs, including depreciation. The Borough will reach this rate at some point in time, but is doing so in a series of increases rather than all at once. FIDUCIARY OPERATIONS All fiduciary activity is handled with the same care and due diligence that we exercise with any of our funds. All amounts due are withheld and/or collected, accounted for, and remitted promptly. Periodically the State of Alaska informs each participating entity of the Public Employees Retirement System (PERS) as to the employee and employer contribution rates. These amounts are budgeted, withheld, and remitted accordingly. Also, periodically the actuarial assumptions are revised by the State of Alaska PERS. When such occurrence creates a deficiency, that amount is paid within the period of notification or upon adoption of a subsequent budget. The Borough administers all property tax collection for all governmental entities within the Kodiak Island Borough. For service districts within the Borough, the revenue is recognized in the district's particular fund. Property taxes collected for the City of Kodiak are normally remitted in full by November each year. All other fiduciary collection activity (i.e., federal withholding, FICA, insurance, pension fund, etc.) is accounted for and promptly remitted to the agency involved. DEBT ADMINISTRATION Summary of debt principal outstanding at fiscal year end was: General obligation, school refunding, 1991 General obligation, school refunding, 1989 Environmental Protection Agency loan $ 3,045,000 7,425,000 239,581 $10.709,581 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 determined by a vote of the electorate and ultimately by the marketplace when debt is attempted to be placed. The Borough has no revenue bonds authorized or issued. The Borough's general obligation bonds are rated as follows: Moody's Investors Service Standard and Poors General obligation, school refunding, 1991 Aaa AAA General obligation, school refunding, 1989 Aaa AAA xviii f I 1 Operating Income (Loss) Water Sewer Sanitary Services Total 1989 (81,440) (260,870) (349,308) (691,618) 1990 (95,800) (158, 587) (95,231) (349,618) 1991 (183,366) (177,001) (54,968) (415,335) 1992 (35,137) (138,007) (256,276) (429,420) 1993 (52,662) (136,839) 5,646 (183,855) FIDUCIARY OPERATIONS All fiduciary activity is handled with the same care and due diligence that we exercise with any of our funds. All amounts due are withheld and/or collected, accounted for, and remitted promptly. Periodically the State of Alaska informs each participating entity of the Public Employees Retirement System (PERS) as to the employee and employer contribution rates. These amounts are budgeted, withheld, and remitted accordingly. Also, periodically the actuarial assumptions are revised by the State of Alaska PERS. When such occurrence creates a deficiency, that amount is paid within the period of notification or upon adoption of a subsequent budget. The Borough administers all property tax collection for all governmental entities within the Kodiak Island Borough. For service districts within the Borough, the revenue is recognized in the district's particular fund. Property taxes collected for the City of Kodiak are normally remitted in full by November each year. All other fiduciary collection activity (i.e., federal withholding, FICA, insurance, pension fund, etc.) is accounted for and promptly remitted to the agency involved. DEBT ADMINISTRATION Summary of debt principal outstanding at fiscal year end was: General obligation, school refunding, 1991 General obligation, school refunding, 1989 Environmental Protection Agency loan $ 3,045,000 7,425,000 239,581 $10.709,581 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 determined by a vote of the electorate and ultimately by the marketplace when debt is attempted to be placed. The Borough has no revenue bonds authorized or issued. The Borough's general obligation bonds are rated as follows: Moody's Investors Service Standard and Poors General obligation, school refunding, 1991 Aaa AAA General obligation, school refunding, 1989 Aaa AAA xviii f I 1 At this point in time, the Kodiak Island Borough electorate has approved two bond issues in fiscal year 1994. A $9.7 million dollar issue is being planned for new school construction and a $9.5 million dollar issue is being planned to renovate the hospital. Per capita debt for the past ten years is reflected in Table 7 on page 119. You may note that a per capita high of $1,772 was reached in 1984 during the peak years of our new school construction. Our per capita bonded debt is now down to $295. CASH MANAGEMENT Cash management is a strong point of your current Borough Finance Department. Moneys, naturally, cannot be invested until received and deposited. As simple as this is, few in government stress this point. All accounts of the Borough are relatively current and proper monitoring procedures are in place for timely receipt and deposit of any amounts due. Investment Policies The Borough Treasurer operates as the central treasurer for all Borough moneys. This, in effect, includes the Borough, School District, Hospital and Mental Health Center moneys. A cash pool concept is maintained, whereas all funds are self - balancing unique entities and each fund has its own cash account which on occasion may 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." All funds are deposited daily and all idle funds are invested on the following day. We do recognize that there is frequently some exposure to uninsured and uncollateralized deposits. We have made great strides in minimizing this exposure through increased collateral and selection of banks and brokers with additional insurance. An account is used with the local servicing bank to daily sweep the total balances to another account. This account is collateralized by U.S. Treasuries at 102% of carrying value. Collateral is held by a third party bank, On July 1, 1991, the Borough started purchasing all new investments on a delivery versus payment system. Basically, what this means is that when the Borough purchases a new instrument, such as a treasury bill or an Agency note, our servicing bank pays for the instrument when it is delivered to them. All investments are held by our servicing bank in the Borough's name. Management feels that this is a much safer way of holding our investments. The Borough investment policy is far more restrictive than that of many governments. 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 and/or insured. Further, the collateral is to be held by a third party bank. During the past year, the investments of the Borough have fluctuated between $18 and $21 million. Interest rates for our fiscal year started off at 3.8% to 5.7% in early July 1992. At year -end, investments were earning from 3.6% to 5.7% for an average yield of 4.0 %. We closed out the year with investment earnings for all funds in the amount of $845,133. 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 A year -by -year comparison is somewhat meaningless, without study, as some years' records include refunds of unearned premiums of past years while others do not. 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 while providing adequate coverage. Insurance premium costs are no longer a minor expenditure item for the Borough. In recent years, insurance premium costs have risen considerably and are now in excess of one million dollars annually. The policy of the Borough is to get bids on the selection of the insurance agent every three years. We work closely with this agent to get the best coverage for the dollar. Periodically we also have an insurance analysis performed by a major risk management independent consultant (one who sells only service, not insurance) to review our coverage and highlight potential exposure and/or duplication of questionable xix coverage. This has again been accomplished and a copy of this report is used and is on file. OTHER INFORMATION INDEPENDENT AUDIT The Borough Code requires an annual audit to be made of the books of account, financial records, and transactions of all administrative departments of the Borough. We have complied with this requirement and the auditor's opinion has been included in this report. The State of Alaska requires single audits per statute and defines these requirements in 2 AAC 45.010. The Borough also complies with the "Federal Single Audit Act of 1984 ". AWARDS GOVERNMENT FINANCE OFFICERS ASSOCIATION CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the Kodiak Island Borough for its comprehensive annual financial report for the fiscal year ended June 30, 1992. The Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government financial reports. In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. Such report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. The Borough has received a Certificate of Achievement for the last five consecutive years (fiscal years ended 1988 - 1992). We believe our current report continues to conform to the Certificate of Achievement Program requirements, and we are submitting it to the Government Finance Officers Association. GOVERNMENT FINANCE OFFICERS ASSOCIATION DISTINGUISHED BUDGET PRESENTATION AWARD The Borough Mayor and Finance personnel have worked hard in recent years to streamline our budget. Each annual document encompasses the good features of the prior years while adding the best of current ideas. We submitted our fiscal year 1991, 1992, and 1993, budgets to the GFOA and received the Distinguished Budget Presentation Award for all three years. OTHER AWARDS Citizens of the Kodiak Island Borough are pleased to see that our Mayor, Jerome M. Selby, has been recognized nationally. He appears in the current issue of Who's Who in the West and also Who's Who in the World Acknowledgments 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 financial operations of the Borough in a responsible and progressive manner. Respectfully submitted, x�d KARLETON G. SHORT DIRECTOR OF FINANCE xx F� 1 F t Pi F1 GENERAL PURPOSE FINANCIAL STATEMENTS The General Purpose Financial Statements include the basic financial statements and notes to the financial statements which are essential to the fair presentation of financial position and results of operations and the cash flow of proprietary funds and similar trust funds. �1 U IJ 1 1 1 Deloifte & Touche Suite 1500 Telephone: (907) 272 -8462 550 West 7th Avenue Facsimile: (907) 264 -3181 Anchorage, Alaska 99501 INDEPENDENT AUDITORS' REPORT The Mayor and Members of the Assembly Kodiak Island Borough Kodiak, Alaska We have audited the accompanying general purpose financial statements of the Kodiak Island Borough as of June 30, 1993 and for the year then ended, as listed in the table of contents. These financial statements are the responsibility of the Borough's management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of Kodiak Island Borough as of June 30, 1993, and the results of its operations and its cash flows of its proprietary fund types for the year then ended in conformity with generally accepted accounting principles. Our audit was conducted for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The combining, individual fund, and individual account group financial statements and schedules listed in the table of contents are presented for the purpose of additional analysis and are not a required part of the general purpose financial statements. This additional information is the responsibility of the Borough's management. Such information has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and in our opinion, is fairly stated in all material respects when considered in relation to the general purpose financial statements taken as whole. October 1, I993 Dek t buche ToM*u hitenlati0MI allowance of $17,667 140,963 — — — Land sales contracts, KODIAK ISLAND BOROUGH — 208,341 Other receivables, net 218,839 333,263 99,846 117,906 COMBINED BALANCE SHEET -ALL FUND TYPES 4,734,798 9,000 698,391 Inventories — 174,403 — — AND ACCOUNT GROUPS — 37,897 — — Assets whose use is limited: JUNE 30, 1993 arrangement — held by trustee — — — — By donor for specific purpose — — — — Designated for deferred compensation plan participants — Governmental,Fund Types — — — — Temporary investments — Special Debt Capital — — — Land sales contracts receivable, General Revenue Service Projects Amount available to service ASSETS long — term debt,in Debt — — — — Service fund Current assets: — — — Amount to be provided to service long —term debt Equity in central treasury S 25,117 $ 540,106 $ 708,789 S 47,291 Accumulated depreciation Temporary investments 6,270,623 1,208,804 5,255,089 5,025;201 Total assets Other cash and cash equivalents — — — — Receivables: State of Alaska 45,249 667,781 — 105,685 Federal Government — 48,905 — 182,240 Property taxes, net of t allowance of $17,667 140,963 — — — Land sales contracts, due within one year — 208,341 Other receivables, net 218,839 333,263 99,846 117,906 Due from other funds 2,114 4,734,798 9,000 698,391 Inventories — 174,403 — — Prepaid Expenses — 37,897 — — Assets whose use is limited: Under malpractice funding arrangement — held by trustee — — — — By donor for specific purpose — — — — Designated for deferred compensation plan participants — — — — Equity in central treasury — — — — Temporary investments — — — — Interest receivable — — — — Land sales contracts receivable, due after one year — 1,180,598 — — Amount available to service long — term debt,in Debt — — — — Service fund — — — Amount to be provided to service long —term debt — — — — Fixed assets in service — — — — Accumulated depreciation — — — — Construction work in progress — — — Total assets S 6,702 S 9, 1 34 ,896 $ 6 ,072,724 $ 6,176,714 The accompanying notes are an integral part of these combined financial statements. 2 EXHIBIT 1 Proprietary Fiduciary Totals ' Fund Type Fund Type Account Groups (Memorandum Only) Agency General General Long - Enterprise Fund Type Fixed Assets Term Debt 1993 1992 S 321,484 S S S $ 1,642,787 S 1,504,462 = = = 17,759,717 16,875,532 14,948 140,236 - - 155,184 177,238 818,715 2,157,830 _ _ _ = 231,145 23,024 - - - - 140,963 70,617 - 208,341 300,000 2,467,587 _ _ = 3,237,441 2,899,517 232,000 - - - 5,676,303 4,302,478 204,817 - - - 379,220 382,627 174,599 - - - 212,496 225,926 440,812 - - - 440,812 624,899 17,182 73,616 - 953,698 _ = 17,182 1,027,314 10,051 837,084 256 - - - 256 17,190 1,008,812 - - - 1,008,812 505,674 - - - 1,630 _ _ - - 1,180,598 1,294,823 - - - 6,072,461 6,072,461 6,747,807 - - - 4,862,412 4,862,412 5,898,934 25,172,376 - 81,282,197 - 106,454,573 102,340,071 (6,637,918) - (6,637,918) (5,833,832) 650,427 _ 1,180,894 _ 1,831,321 1,870,893 $ 24,140,998 $ 1 ,0 9 3,934 S 82, 463,091 S 10 ,934,873 S 1 46,720,135 S 14 3,234,475 1 r 3 KODIAK ISLAND BOROUGH COMBINED BALANCE SHEET — ALL FUND TYPES AND ACCOUNT GROUPS JUNE 30, 1993 Governmental Fund Types Special Debt Capital General Revenue Service Projects LIABILITIES, FUND EQUITIES ' AND OTHER CREDITS Liabilities: Accounts payable $ 87,115 S 326,699 263 $ 559,215 Retainage payable — — — 44,154 Accrued compensation — 889,162 — — Payroll taxes and employee benefits 45,240 1,083,478 — — Other accrued liabilities 6,589 164,613 — — Current portion of capital lease obligation — — — — Customer deposits — 3,447 — — Deferred and unrealized revenues Deferred compensation — — 1,393,707 — — — 119,113 — Due to other funds 4,528,640 292,663 — 614,000 Due to City of'kodiak — — — — Due to student organizations — — — — Capital; lease obligation — — — — Accrued annual leave — — — — General obligation bonds payable — — — — Environmental Protection Agency loan Total liabilities — 4,667,584 — 4,153,769 — 263 — 1,336,482 Fund equities and other credits: Contributions in aid of construction — — — — Investment in general fixed assets — — — — Retained earnings: Temporarily restricted — — — — Unreserved — Fund balance: Reserved: Encumbrances — 146,156 — 1,748,190 Fuel inventory — 157,564 — — Health insurance PL-874 — 1,507,336 — — Prepaid Expenses — 37,897 — — Unreserved: Designated for subsequent years expenditures — 797,193 6,072,461 3,092,042 Undesignated 2,035,321 2,334,981 — — Total fund equities and other credits 2,035,321 4,981,127 6,072,461 4,840,232 , Total liabilities, fund equities and other credits $ 6, 70 2 ,905 $ 9,134,896 $ 6,072,724 $ 6,176,714 i i The accompanying notes are an integral part of these combined financial statements. i 4 1 EXHIBIT 1, continued Proprietary Fiduciary Fund Type Fund Type Agency Enterprise Fund Type Account Groups General General Long - Fixed Assets Term Debt Totals (Memorandum Only) 1993 1992 S 459,559 $ 132 S - S - $ 1,432,983 $ 1,351,390 - - - 44,154 55,593 424,847 - - - 1,314,009 1,241,346 - - - 1,128,718 1,051,309 233,799 - - - 405,001 465,744 101,406 - - - 101,406 82,189 28,165 - - - 31,612 24,249 121,290 - - - 1,634,110 2,188,617 73,616 953,698 - - 1,027,314 837,084 241,000 - - - 5,676,303 4,302,478 40,300 - - - 40,300 24,480 140,104 - - 140,104 141,176 277,395 - - - 277,395 387,373 - - - 225,292 225,292 191,327 - - - 10,470,000 10,470,000 12,195,000 - - - 239,581 239,581 260,414 2,001,377 1,093,934 - 10,934,873 24,188,282 24,799,769 19,351,346 - - - 19,351,346 19,109,292 - - 82,463,091 - 82,463,091 79,140,883 17,182 - - - 17,182 10,051 2,771,093 - - - 2,771,093 3,352,672 - - - - 1,894,346 1,059,813 - - - - 157,564 158,145 - - - - 1,507,336 77,016 - - - - 37,897 83,462 - - - - 9,961,696 10,511,477 - - - - 4,370,302 4,931,895 22,139,621 - 82,463,091 - 122,531,853 118,434,706 $ 24, 140,998 $ 1, 09 3 ,934 $ 82, 463,091 S 10,934,873 S 146,720,135 $ 143,234,475 6i KODIAK ISLAND BOROUGH } COMBINED STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE — ALL GOVERNMENTAL FUND TYPES YEAR ENDED JUNE 30, 1993 The accompanying notes are an integral part of these combined financial statements. 6 Special General Revenue Revenues: —� Property taxes S 3,777,708 S 449,443 Intergovernmental: State sources 1,984,385 16,778,040 Federal sources 7,345 4,985,228 Land sale proceeds — 423,911 Severance taxes 703,450 — Asbestos settlement — Roof claim settlement — — Licenses, permits, fees and other local revenue 433,825 840,477 ' Investments and property 289,570 362,665 Total revenues 7,196,283 23,839,764 Expenditures: Current: Borough Assembly 152,022 — Mayor's department 168,417 — Clerk's department 216,059 — Legal department 271,495 — Finance department 386,552 — Data services 278,662 — Assessment department 248,819 — Engineering facilities department 120,645 — Community development department 384,649 44,200 Building inspector 72,550 — Resource management — — Switchboard /word processing — — Economic development 38,896 — General administration 384,920 1,102,612 Emergency preparedness 33,552 — Educational support 174,721 19,224,134 Health and Sanitation 432,752 1,675,705 Culture and recreation 198,586 — Oil spill cleanup — 109,158 Capital outlay: Schools — — Service District maintenance — 202,856 General — 16,786 Debt service: Principal — — Interest — — Fiscal agent fees — — Refunding bond issuance costs — — Other — Total expenditures 3,563,297 22,375,451 Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses) 3,632,986 1,464,313 ' Operating transfers in — 3,552,820 Proceeds of refunding bonds — — Operating transfers out (3,579,242) (3,607,632) Payment to refunded bond escrow agent — — Net other financing sources (uses) (3,579,242) (54,812) Excess (deficiency) of revenues and other financing sources over financing uses 53,744 1,409,501 expenditures and other Fund balance at beginning of year 1,981,577 3,564,318 Adjustment to reserve for fuel inventory — 7,308 Fund balance at end of year $ 2.0� 35.321 S 4.981.127 ' The accompanying notes are an integral part of these combined financial statements. 6 7 EXHIBIT 2 Totals (Memorandum Only) Debt Capital Service Projects 1993 1992 $ $ $ 4,227,151 $ 3,956,557 - 1,048,796 19,811,221 19,932,705 - 213,794 5,206,367 1,704,962 423,911 431,843 - - 703,450 530,083 - 29,108 29,108 47,196 6,833 6,833 631,095 = 80,355 1,354,657 1,009,404 249,465 209,893 1,111,593 1,359,746 249,465 1,588,779 32,874,291 29,603,591 - - 152,022 124,650 168,417 159,292 - - 216,059 204,818 271,495 184,707 - - 386,552 307,954 278,662 229,521 - - 248,819 236,022 120,645 88,482 - - 428,849 387,117 - - 72,550 78,288 78,895 - - _ 80,986 38,896 45,946 - - 1,487,532 1,065,386 33,552 19,328 - - 19,398,855 18,381,485 2,108,457 2,440,955 - - 198,586 190,700 - - 109,158 66,544 ' - 1,963,049 1,963,049 1,308,945 - 202,856 211,619 - 1,369,819 1,386,605 1,386,137 1,745,833 734,515 1,745,833 1,685,833 734,515 843,656 1,842 - 1,842 24,827 - - - 136,273 4,162 2,482,190 3,332,868 31,753,806 29,972,528 (2,232,725) (1,744,089) 1,120,485 (368,937) 3,032,676 2,667,755 9,253,251 7,310,073 - (1,475,297) (611,540) (9,273,711) 4,875,000 (7,267,306) (4,738,727) 1,557,379 2,056,215 (20,460) 179,040 (675,346) 312,126 1,100,025 (189,897) 6,747,807 4,528,106 16,821,808 17,006,741 - 7,308 4,964 S 6.072.461 $ 4.840,232 $17 929,141 $16.821.808 7 KODIAK ISLAND BOROUGH COMBINED STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND, SPECIAL REVENUE FUNDS AND DEBT SERVICE FUNDS YEAR ENDED JUNE 30, 1993 Revenues: Property taxes Intergovernmental: State sources Federal sources Land sale proceeds Severance taxes Licenses, permits, fees and other local revenue Investments and property Total revenues Expenditures: Current: Borough Assembly Mayor's department Clerk's department Legal department Finance department Data services Assessment department Engineering facilities department Community development department Building inspector Economic development General administration Emergency preparedness Educational support Health and sanitation Culture and recreation Capital outlay: Service District maintenance General Debt service: Principal Interest Fiscal agent fees. Other General Fund' Variance - Favorable Budget Actual (Unfavorable) S 3,806,330 S 3,777,708 S (28,622) I ! LJ 2,066,900 1,984,385 (82,515) 2,000 7,345 5,345 670,000 703,450 33,450 311,740 433,825 122,085 240,000 289,570 49,570 7,096,970 7,196,283 99,313 152,800 169,870 230,280 177,800 388,265 278,425 254,620 148,850 396,060 70,000 44,000 377,510 39,200 176,000 423,964 198,586 152,022 168,417 216,059 271,495 386,552 278,662 248,819 120,645 384,649 72,550 38,896 384,920 33,552 174,721 432,752 198,586 778 1,453 14,221 (93,695) 1,713 (237) 5,801 28,205 11,411 (2,550) 5,104 (7,410) 5,648 1,279 (8,788) Total expenditures 3,526,231 Excess (deficiency) of revenues over (under) expenditures 3,570,740 Other financing sources (uses) Operating transfers in Operating transfers out (3,570,740) Net other financing sources (uses) (3,570,740) Excess (deficiency) of revenues and other financing sources over expenditures and other financing uses $ Fund balance at beginning of year Adjustments to reserve for fuel inventory Fund balance at end of year 3,563,297 (37,067) 3,632,986 62,246 (3,579,242) (8,502) (3,579,242) (8,502) 53,744 $ 53,744 1,981,577 $ 2, 035,321 C 1 I i . I 1 1 The accompanying notes are an integral part of these combined financial statements. 8 j EXHIBIT 3 Special Revenue Funds Debt Service Funds Variance - Variance - Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) ' S 411,330 S 449,443 S 38,113 $ - $ - E - 16,651,580 16,668,882 17,302 - - - 3,919,784 4,985,228 1,065,444 - - - 456,700 423,911 (32,789) _ _ _ 892,875 840,477 (52,398) - - - 437,620 362,665 (74,955) 250,000 249,465 (535) 22,769,889 23,730,606 960,717 250,000 249,465 (535) 42,200 44,200 (2,000) - - - 1,324,215 1,102,612 221,603 19,958,709 19,224,134 734,575 ' 1,866,001 1,675,705 190,296 - - 284,550 202,856 81,694 - - - 11,775 16,786 (5,011) - - - - - - 1,745,840 1,745,833 7 - - - 750,000 734,515 15,485 - 1,842 (1,842) - - - 72,000 72,000 23,487,450 22,266,293 1,221,157 2,567,840 2,482,190 85,650 (717,561) 1,464,313 2,181,874 (2,317,840) (2,232,725) 85,115 3,541,280 3,552,820 11,540 2,922,000 3,032,676 110,676 (3,591,116) (3,607,632) (16,516) (1,475,297) (1,475,297) - (49,836) (54,812) (4,976) 1,446,703 1,557,379 110,676 $ (767,397) 1,409,501 $ 2, 176,898 $ ( (675,346) $ 195,791 3,564,318 6,747,807 7,308 - $ 4 ,981,127 $ 6, 072,461 (continued) 1 9 KODIAK ISLAND BOROUGH COMBINED STATEMENT OF REVENUES EXHIBIT 3, continued I EXPENDITURES, TRANSFERS AND CHANGES IN ' FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND, SPECIAL REVENUE FUNDS AND DEBT SERVICE FUNDS YEAR ENDED JUNE 30, 1993 Totals (Memorandum Only) Expenditures: 122,216 (8,662,171) ( Variance - (2,076,675) 9 97,198 Borough Assembly 152,800 Favorable Mayor's department 169,870 Budget Actual (Unfavorable) 216,059 Revenues: 177,800 271,495 Finance department 388,265 Property taxes $ 4,217,660 S 4,227,151 S 9,491 Assessment department Intergovernmental: 248,819 Engineering facilities department 148,850 120,645 State sources 18,718,490 18,653,267 (65,213) 70,000 Federal sources 3,921,784 4,992,573 1,070,789 General administration Land sate proceeds 456,700 423,911 (32,789) 33,552 Severance taxes 670,000 .703,450 33,450 2,289,965 Licenses, permits, fees and other local revenue 1,204,615 1,274,302 69,687 Capital outlay: Investments and property 927,620 901,700 25,920) 202,856 Total revenues - 30,116,859 31,176,354 1,059,495 Expenditures: 122,216 (8,662,171) ( Current: (2,076,675) 9 97,198 Borough Assembly 152,800 152,022 Mayor's department 169,870 168,417 Clerk's department 230,280 216,059 Legal department 177,800 271,495 Finance department 388,265 386,552 Data services 278,425 278,662 Assessment department 254,620 248,819 Engineering facilities department 148,850 120,645 Community development department 438,260 428,849 Building inspector 70,000 72,550 Economic development 44,000 38,896 General administration 1,701,725 1,487,532 Emergency preparedness 39,200 33,552 Educational, support 20,134,709 19,398,855 Health and Sanitation 2,289,965 2,108,457 Culture and recreation 198,586 198,586 Capital outlay: Service District maintenance 284,550 202,856 General 11,775 16,786 Debt service: Principal 1,745,840 1,745,833 Interest 750,000 734,515 Fiscal agent fees - 1,842 Other 72,000 - Total expenditures 29,581,520 28,311,780 Excess (deficiency) of revenues over (under) expenditures 535,339 2,864,574 Other financing sources (uses) Operating transfers in 6,463,280 Operating transfers out (8,637,153) Net other financing sources (uses) (2,173,873) Excess (deficiency) of revenues and other financing sources over expenditures and other financing uses $ (1 ,6 3 8,534) 778 1,453 14,221 (93,695) 1,713 (237) 5,801 28,205 9,411 (2,550) 5,104 214,193 5,648 735,854 181,508 81,694 (5,011) 7 15,485 C1,842) 72,000 1,269,740 2,329,235 6,585,496 1 122,216 (8,662,171) ( (25,018) (2,076,675) 9 97,198 Fund balance at beginning of year 12,293,702 Adjustments to reserve for fuel inventory 7,308 Fund balance at end of year S 13,088,909 1 1 L� 1 The accompanying notes are an integral part of these combined financial statements. 10 KODIAK ISLAND BOROUGH EXHIBIT 4 COMBINED STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND CHANGES IN RETAINED EARNINGS PROPRIETARY FUND TYPE - ENTERPRISE FUNDS YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 Loss before operating transfers 1993 1992 Revenues: 20,460 193,000 ' Water sales S 386,666 $ 352,480 Sewer service charges 429,760 394,028 1 Refuse collection 1,269,525 1,179,430 Sanitary services user fees 380,195 250,707 Patient and resident revenues 7,838,777 8,450,653 Installation charges 2,154 1,315 Other 438,523 240,353 Total revenues 10,745,600 10,868,966 Operating expenses: Personnel services 5,562,607 5,211,999 Waste collection 1,062,774 1,046,887 Purchased water and sewer treatment 589,513 522,657 Contracted services 994,065 850,157 Repairs and maintenance 373,086 329,655 Depreciation 814,029 843,048 Professional fees 264,183 310,628 Bad debt 397,636 604,561 Supplies 816,286 831,365 Interest 39,218 27,592 General administrative 93,826 102,419 Other 915,759 621,254 Total operating expenses 11,922,982 11,302,222 Operating loss (1,177,382) (433,256) Other income: Interest income 79,515 94,333 State revenue sharing 113,866 134,460 Loss on disposal of equipment - (2,554) Donor restricted gifts 29,992 11,774 223,373 238,013 Loss before operating transfers (954,009) (195,243) Operating transfers in 20,460 193,000 ' Operating transfers out Net operating transfers - 20,460 (245,694) (52,694) ' Net loss (933,549) (247,937) Amortization of contributions in aid of construction 359,101 406,979 Increase (decrease) in retained earnings Adjustment for change in hospital (574,448) 159,042 year end (322,059) Retained earnings at beginning of year 3,362,723 3,525,740 Retained earnings at end of year $ 2, 788,275 S 3,362,723 The accompanying notes are an integral part of these combined financial statements. 11 KODIAK ISLAND BOROUGH EXHIBIT 5 COMBINED STATEMENT OF CASH FLOWS ' PROPRIETARY FUND TYPE - ENTERPRISE FUNDS YEAR ENDED NNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 1993 1992 Operating loss $ (1,177,382 S (433,256 ' Adjustments to reconcile operating loss to net cash provided by operating activities: Depreciation Change in provision for uncollectible accounts Gain on sale of assets Changes in assets and liabilities: Accounts receivable - Customers and patients Other Prepaid expenses Inventories at cost Due from other funds Other assets Accounts payable Customer deposits Estimated third party payor settlements Accrued expenses , Due to City of Kodiak Deferred revenue Due to deferred compensation plan participants Other accrued liabilities Total adjustments Net cash used for operating activities Cash flows from noncapital financing activities: State of Alaska, Revenue Sharing payments received Operating transfers out to other funds Net cash provided by noncapital financing activities Cash flows from capital and related financing activities: Acquisition and construction of capital assets Proceeds from sale of equipment Principal payments made on capital lease Receipt of gifts restricted by donor for capital purchases Net cash used for capital and related financing activities Cash flows from investing activities: Change in assets whose use is limited: Under malpractice funding arrangement By donor for specific purpose Designated for deferred compensation plan participants Interest and dividends on investments Net cash provided by (used for) investing Net change in cash and cash equivalents Cash and cash equivalents at beginning of year Adjustment for change in hospital year -end Cash and cash equivalents at end of year The accompanying notes are an integral part of these combined financial statements. 12 814,029 843,048 397,636 604,560 (2,686) ' (493,776) (174,903) (144,112) 76,618 (32,135) (8,264) ' 5,061 (15,874) 74,000 (204,400) (69,263) - 84,297 (190,911) 4,216 (10,235) - (7,795) 16,934 (52,756) 15,820 24,480 121,290 - 73,616 183,799 (669,891 i 1,048,726 213,677 (128,656 (219,579 134,326 134,460 ' (52,694 134,326 81,766 (680,541) (208,775) 12,625 560 (113,561) (101,834) 631,146 11,774 (150,331 (298,275 184,087 (295,786) (7,131) (904) (73,616) - ' 81,146 109,259 184,486 (187,431 39,825 (623,519) 1,305,675 - 2,098,060 (168,866 S 1.345,500 S 1,305,675 KODIAK ISLAND BOROUGH NOTES TO FINANCIAL STATEMENTS JUNE 30, 1993 NOTE 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 ail funds, account groups, agencies and organizations over which the Borough exercises oversight responsibility. Oversight responsibility is derived from the Borough's power and includes, but is not limited to (a) financial interdependency, (b) selection of governing authority, (c) ability to significantly influence operations and (d) accountability for fiscal matters. The Borough reviewed its relationship with other organizations and determined that it exercised oversight responsibility over the following two organizations. Kodiak Island Borough School District: 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 school facilities. The Borough Assembly approves the total annual budget of the School District and may, during the year, increase or decrease the total appropriation. The Borough levies and collects taxes for the School District. 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. 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 financial position and operating results of the Hospital are included in these combined financial statements as an Enterprise Fund. Fiscal Year Ends The Borough and all related entities have a June 30 year end. Presentation 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 statements 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. Nor 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. Kodiak Island Hospital and Care Center: The Borough owns the Kodiak Island Hospital and Care Center (Hospital) and related furnishings. The Borough has contracted the Hospital's operating activities to the Lutheran Health Systems Management Company, a North Dakota company. 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 Certain 1992 balances (memorandum only) have been reclassified to conform to the current year presentation. 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 13 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 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 proceeds of specific revenue sources (other than major capital projects) that are legally restricted to expenditures for specific purposes. Debt Service Funds Debt Service Funds, are used to account for the accumulation of resources for, and the payment of, general long -term debt principal, interest and related costs. Capital Projects Funds Capital Projects Funds are used to account for financial resources to be used for acquisition of equipment and acquisition' or construction of major capital facilities. Proprietary Fund Type Enterprise Funds 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. Enterprise Funds are 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 Enterprise Fund 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: Unclassified utility plant in service 50 years Hospital building and improvements 25 -30 years 'Equipment 5 -10 years Contributions in aid of construction for the Water, Sewer and Sanitary Services Enterprise Funds are amortized over the estimated useful lives of the assets acquired using the straight -line method. Fiduciar v Fund Tvpe Agency Funds Agency Funds are used to account for assets held by the Borough as an agent for individuals 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 spendable 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 are recorded as expenditures of the various Borough funds at the time of purchase and are subsequently capitalized in the General Fixed Assets Account Group. Such assets include land, buildings, equipment, furniture and other related assets. Public domain (infrastructure) general 14 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. 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 Lone -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. 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 Iiabilities in the General Long -Term Debt Account Group. 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. Prepayment of insurance and similar services extending over more than one year is allocated to the years benefited. 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. The Proprietary Fund Type (Enterprise Fund) is accounted for using the accrual basis of accounting, wherein, revenues are recognized when earned and expenses are recognized when incurred. The Fiduciary Fund Type (Agency Fund) is accounted for using the modified accrual basis of accounting similar to that utilized by Governmental Fund Types. Summarized below are the major sources of revenue and the applicable recognition policies: Property Taxes Property taxes are based on the assessed value of taxable property as of January 1. Pursuant to Alaska Statute 29.53.170, the Borough establishes the mill rate on or before June 15. Tax bills are then mailed on or before July 1st. Taxes are due when billed and generally become delinquent on or after October 15th. The Borough code also provides for split payments. If a taxpayer avails himself of this provision then one half must be paid on or before August 15th and the second half then becomes due on or before November 15th (in lieu of October 15th). Borough property tax revenues are recognized in the fiscal year in which they become measurable and available, which is generally the year the tax bills are mailed. All taxes are delinquent on November 16th and a tax foreclosure process may commence as outlined in Alaska Statutes Title 29. Briefly this entails the petition for Judgment of Foreclosure signed by the District Court Judge and the publication of all delinquent taxes in the local newspaper for four consecutive weeks. When copies of these actions are filed with the courts, delinquent properties have been effectively liened upon. Severance Taxes Severance taxes are based on the amount and value of natural resources severed from the environment. Types of resources taxed include seafood, gravel and mineral resources, and timber. Severance tax returns are sent to the appropriate companies (as determined by the Borough assessor), and are returned to the Borough Finance Department. The returns are filed quarterly, and are due by the end of the month following the quarter's end. Borough severance tax revenues are recognized in the fiscal year in which they become measurable and available, generally when the return is filed and payment is received. To ensure accuracy of amounts of fish and other seafood caught, the Borough compares the amount of catch reported on the severance tax returns to amounts reported to the State of Alaska Department of 15 Revenues and the State of Alaska Department of Fish & Game. For rock, gravel, and timber, the assessing office periodically does a site review of the mining/logging area to determine the reasonableness of gross amounts reported on the severance tax returns. Intergovernmental Revenue State of Alaska shared revenues, State of Alaska municipal assistance, State education- related entitlement programs and , State levied taxes (the proceeds of which are distributed to local governments) are recorded in the fiscal year to which they relate, including accrual at year end if final payments due are measurable and received within approximately two to three months after year end. State of Alaska and Federal government cost reimbursable grants and contracts 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 the balance due. Land Sales Proceeds and Other Local Revenues Amounts received pursuant to land sale contracts are recorded on the cash basis. 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 are paid. Other_ local revenues are recorded on a basis consistent with their nature in relation to measurement and availability standards. C. Budgets and Budeetary Accounting Borough The Borough follows these procedures in establishing the budgetary data reflected in the combined financial statements: 1. 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. 2. Public hearings are conducted by the Borough Assembly to obtain taxpayer comments. 3. By June 10, the budget is legally enacted through passage of an ordinance, by Borough Assembly action. If the Borough Assembly fails to�pass an ordinance, the budget submitted by the Mayor becomes the adopted budget. 4. 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: a. All " new appropriations are authorized by an appropriation ordinance that' amends the annual budget ordinance. b. A resolution of the Borough Assembly is required to move (appropriate) amounts between departments and projects. c. 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. 5. Expenditures may not legally exceed appropriations at the following levels: Capital Projects Funds - project level; all other funds - department level. 6. All funds, except Capital Projects Funds and the Oil Spill Clean Up Fund are budgeted on an annual basis encompassing a fiscal year. Budgets of Capital Project Funds and the Oil Spill Clean Up Fund generally encompass the period from start up to project completion, which is generally greater than one year. Budget and actual information for the oil spill clean-up fund has not been included in the Combined Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance - Budget and Actual, because it is not budgeted on an annual basis. Both revenues and expenses for the oil spill clean up fund were $109,158 in 1993. 7. Appropriations lapse at year end to the extent that they have not been expended for all funds except 16 1 i J t 1 1 [7 1 1 Capital Projects Funds and the Oil Spill Clean Up Fund, which lapse at project completion. Budgets adopted by the Borough Assembly are in accordance with generally accepted accounting principles. 9. Additional appropriations for certain funds were enacted during the year. 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 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, 1993, there were three formal budget revisions to adjust the revenues and expenditures to available resources and program needs. Hospital Hospital operations are not legally required to be budgeted. D. Assets, Liabilities and Fund Equity Interfund Transactions Transactions that would be treated as revenues, expenditures or expenses if they involved organizations external to the Borough are similarly treated if they occur between the fund types. Reimbursements from one fund to another are treated as expenditures or expenses of the reimbursing fund and a reduction of the expenditures or expenses of the reimbursed fund. Transfers from funds receiving revenues to funds through which the resources are to be expended, and operating loss subsidies are classified as operating transfers. Nonrecurring or nonroutine transfers of equity between funds are recorded as equity transfers. Encumbrances Encumbrance accounting, under which purchase orders, contracts and other commitments for the expenditure of moneys are recorded in order to reserve that portion of the applicable appropriation, is employed as an extension of formal budgetary integration in the General Fund, Special Revenue Funds and Capital Projects Funds. Encumbrances outstanding at year end are reported as reservations of fund balances since they do not constitute expenditures or liabilities. Inventories Borough. Expendable operating supplies of the Borough are accounted for using the purchase method and, at June 30, 1993, there were no significant amounts of such items. School District The consumption method is used to account for the inventories of teaching, maintenance and foods supplies. These inventories are valued at the lower of average cost or market and beginning in fiscal year 1992 available fund balance was reserved for all inventories. Fuel inventory is accounted for by the purchase method and valued at cost (first -in, first -out). Hospital Inventories are stated at the lower of cost or market, with cost determined substantially on a first -in first -out basis. Retirement Plans All full -time employees of the Borough and School District participate in either the Alaska Public Employees' Retirement System (PERS) 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 sufficient to pay the long -term debt is deposited in a Debt Service Fund. All funds record leave (including sick leave) as earned. - 17 E. Cash Flows All highly liquid investments (including restricted assets) with original maturities of three months or less are considered cash equivalents for purposes of the statement of cash flows. This includes equity in central treasury and other cash and cash equivalents and also temporary investments and equity in central treasury which are classified as "assets whose use is limited." NOTE 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 central treasury". In addition, investments are separately held by several of the Borough's funds. Investments, other than the investment in the deferred compensation plan which is carried at market value, are carried at cost. Deposits At June 30, 1993, the carrying amount of the Borough's deposits was $1,954,419 and the bank balance was $2,373,366. The insured and collateral status of the year end bank balance was as follows: Repurchase agreements U.S. Government Securities Deferred Compensation Plans Money Market Account Municipal League Investment Pool Total Investments Covered by federal depository insurance or by collateral held by the Borough's agent in the Borough's name $2,188,973 Uninsured and uncoilateralized ,184,393 Total deposits $2,373,366 Investments 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 Code requires all investments to be collateralized and/or insured. Collateral pledged on investments is required to be held for the Borough by a third party bank. In accordance with Governmental Accounting Standards Board Statement No. 3 (GASB 3) investments are categorized as follows: Category 1 includes investments that are insured- or registered or for which the securities are held by the Borough or its agent in the Borough's name. Category 2 includes uninsured and unregistered investments for which the securities are held by the counterparty's trust department or agent in the Borough's name. Category 3 includes uninsured and unregistered investments for which the securities are held by the counterparty, or by its trust department or agent but not in the Borough's name. Cateuory Carrying Market 1 2 3 Amount Value $ 2,000,000 $ -- $ -- $ 2,000,000 $ 2,034,360 12,021,508 -- 12,021,508 12,296,055 $ 14,021,508 $ -- 14,021,508 14,330,415 T 1,027,314 1,027,314 3,338 3,338 5,045,485 5,045,485 $ 20,097,645 $ 20,406,552 1 1 I r I 1 1 1 18 1 1 r 1 1 I t 1 The above deposits of $1,954,419 and investments of $20,097,645 totaling $22,052,064, are reported under the following captions in the combined financial statements: Equity in central treasury $ 1,642,787 Temporary investments 17,759,717 Other cash and cash equivalents 155,184 Assets whose use is limited: Under malpractice funding arrangement held by trustee 440,812 By donor for specific purpose 17,182 Investment in deferred compensation plan 1,027,314 Equity in central treasury 256 Temporary investments 1,008,812 Total deposits and investments $ 22,052,064 NOTE 3: ANNUAL APPROPRIATION TO THE SCHOOL DISTRICT An annual appropriation is made to the School District in order to provide the School District with total resources in a fiscal year equal in amount to budgeted expenditures. In addition to the annual appropriation, the Borough provides the School District, without charge, general liability and property insurance and the annual independent audit. NOTE 4: HOSPITAL APPROPRIATION By terms of the operating agreement with the Lutheran Health Systems Management Company, the Borough is ultimately responsible for operating losses, if any, sustained by the Hospital. The Borough received shared revenue from the State of Alaska in the amount of $113,866, required to be passed through to the Hospital. This amount was recorded as revenue by the Hospital. NOTE 5: RETIREMENT COMMITMENTS As of June 30, 1993, substantially all employees of the Borough and School District participate in either the Alaska Public Employees' Retirement System (PERS, an agent multiple - employer PERS) or the Alaska Teachers' Retirement System (TRS, a cost - sharing, multiple- employer PERS). Borough personnel and School District classified personnel (except those working less than fifteen hours per week) participate in PERS. School District certificated personnel participate in TRS. Both systems are statewide defined benefit retirement plans, administered by the State of Alaska. Plan Descriptions and Provisions Public Employees' Retirement System (PERS Employees hired prior to July 1, 1986 with five or more years of credited service are entitled to annual pension benefits beginning at normal retirement age 55 or early retirement age 50. For employees hired after June 30, 1986, the normal and early retirement ages are 60 and 55, respectively. The normal pension benefit is equal to 2% of the member's three highest average monthly compensation for the first ten years of service, 2 -1/4% for the second ten years of service and 2 -1/2% for the third ten years of service. All service earned prior to July 1, 1986 will be calculated using the 2% multiplier. Employees with 30 or more years of credited service may retire at any age and receive a normal benefit. The system also provides death and disability benefits and major medical benefits. Under State law, covered employees are required to contribute 6.75% of their annual salary to the System and the Borough contributes the amount actuarially required in addition to employee contributions to finance the benefits of the system. Teachers' Retirement System (TRS) The Teachers' Retirement System of Alaska is a joint contributory retirement system to provide benefits for teachers of the State of Alaska. All the School District's certificated employees are participants in TRS. Membership in TRS is compulsory for each certificated elementary or secondary teacher or other certificated personnel who are employed on a full -time or part-time basis in positions that require teaching certificates as a condition of employment. Employees with fifteen years or more of credited service are entitled to pension benefits beginning at normal retirement age (55) equal to 2% of their highest three -year average monthly compensation for each year of service. The Plan permits early retirement at age 50. Employees may elect to receive their pension.. benefits in the form of a joint or survivor annuity. Effective January 1, 1987, a married member who retires must receive his benefit in the form of a joint 1 19 and survivor annuity unless the member's spouse consents to another form of benefit. Minimum benefits for employees eligible for retirement are $25 per month for each year of credited service. In addition, major medical benefits are provided. TRS also provides death and disability benefits. assess progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among employers. The measure is the actuarial present value of credited projected benefits and is independent of the funding method used to determine contributions to the System. J Under State law, covered employees are required to contribute 8.65% of their base salary. The School District is required to contribute the amount actuarially needed in addition to member contributions to finance the benefits of the System. Funding Status and Progress The pension benefit obligation is a standardized disclosure measure of the present value of pension benefits, adjusted for the effects of projected salary increases and step -rate benefits, estimated to be payable in the future as a result of employee, service to date. The measure is intended to help users assess the funding status of the System on a going - concern basis, The pension benefit obligation was computed as part of an actuarial valuation as of June 30, 1992 (latest available). Significant actuarial assumptions used in the valuation include (a) a rate of return on the investment of present and future assets of 8.75 percent per year compounded. annually for PERS and TERS, respectively, (b) projected salary increases of 6.5 percent a year for the first five years of employment and 5.5 percent per year thereafter and (c) health cost inflation of 12.5 percent per year, adjusted downward by I% each year through 1997. The - pension benefit obligation of PERS and TRS as calculated in the most recent actuarial valuation is as follows ($ in thousands): F PERS TRS (1) ' School All Borough District Employers Pension benefit obligation: Retirees and beneficiaries currently receiving benefits and terminated employees not yet receiving benefits Current employees: Accumulated employee contributions including allocated investment earnings Employer-financed vested Employer-financed nonvested TOTAL PENSION BENEFIT OBLIGATION Net assets available for benefits, valued on a three year average ratio between market and book values of the System's assets except that fixed income investments are valued at book value UNFUNDED PENSION BENEFIT OBLIGATION (1) The TRS system does not make separate measurements of assets and pension benefit obligation for individual employers. Amounts for TRS represent the system as a whole. The School District's actuarially determined contribution was 1.6% of the total current year actuarially determined contribution requirements for all employers. FJ 5,277 9,413 2,001,864 $ (79 ' $ (406 $ (229,882 Actuarially Determined Contribution Requirements and Contributions Made The funding policy provides for actuarially determined periodic contributions at rates that fund each participant's benefits under the plan as they accrue. The contribution rate for normal cost is' determined using the projected unit credit actuarial funding method. The unfunded accrued benefit liability is 20 F1, ' $ 2,596 $ 4,717 $ 1,110,981 719 1,099 341,204 ' 1,742 3,376 655,821 299 627 123,740 ' 5,356 9,819 2,231,746 FJ 5,277 9,413 2,001,864 $ (79 ' $ (406 $ (229,882 Actuarially Determined Contribution Requirements and Contributions Made The funding policy provides for actuarially determined periodic contributions at rates that fund each participant's benefits under the plan as they accrue. The contribution rate for normal cost is' determined using the projected unit credit actuarial funding method. The unfunded accrued benefit liability is 20 F1, '1 �1 amortized over twenty-five years. Actuarial funding surpluses are amortized over five years. The significant actuarial assumptions used to compute the actuarially determined contribution requirement are the same as those used to compute the pension benefit obligation. The Systems have an actuarial valuation performed annually (as of June 30) which determines the contribution rates for the year ended two years subsequent to the valuation date. The contributions to the Systems for fiscal year 1993 were made in accordance with actuarially determined requirements computed through an actuarial valuation performed as of June 30, 1991. The contributions ($ in thousands) consisted of the following: � I � I i I PERS Covered payroll Contributions - BorouQ.h Normal cost - School District Total contributions paid ' Amortization of unfunded liability Percent of (funding surplus) _ TOTAL PERS PERS BorouQ.h School District TRS Percent of Percent of Percent of Covered Covered Covered Amount Payroll Amount Pavroll Amount Payroll $ 2,845 100.00 $ 2,863 100.00 $ 9,211 100.00 $ 557 19.59% $ 342 19.58% $ 286 15.07% (107 (3.76 (56 (9.58 1,615 5.58 $ 450 15.82 $ 286 10.00 $ 1,902 20,65 Required contributions - Employer $ 258 9.07% $ 93 3.25% $ 1,105 12.00% Employee 192 6.75 193 6.75 797 8_65 TOTAL $ 450 15.82 $ 286 10.00 $ 1,902 20.65 In addition to the required TRS contributions noted above, the School District made supplemental and arrearage payments of $40,445 during the year. Total current year payroll was $15,138,397. Valuation of Medical Benefits Medical benefits for retirees are provided by the payment of Medicare premiums from PERS and TRS. In fiscal 1993 the pre-65 monthly cost of $311 and post -65 cost of $108 (due to Medicare) were assumed such that the total blended rate for all retirees of $227 equals the present monthly premium rate. These medical premiums are then increased with the health inflation assumption. The actuarial cost method used for funding retirement benefits is also used to fund health benefits. Historical Trend Information Trend information gives an indication of the progress made in accumulating sufficient assets to pay benefits when due. The pension benefit obligation has not been determined by the actuary for years prior to June 30, 1987. As a result, only information at June 30, 1992, 1991, 1990, 1989, 1988, and 1987 is available regarding the following trend indicators, ($ in thousands): . 21 Net asset available for benefits: Pension benefit obligation (PBO): Net assets available for benefits as a .percentage of PBO: Assets in excess (deficiency) of PBO: Annual covered payroll: Assets in excess (deficiency) of PBO expressed as a percentage of annual covered payroll: Contribution rates: Employee Employer 22 PERS School Borou District 1987 $ 2,222 $ 5,685 1988 2,896 7,111 1989 3,468 7,794 1990 4,227 8,751 1991 4,583 8,273 1992 5,277 9,413 1987 $ 1,929 $ 5,085 1988 2,680 6,477 1989 3,328 7,331 1990 3,888 7,467 1991 4,655 8,862 1992 5,356 9,819 1987 115% 112% 1988 108 110 1989 104 106 1990 109 117 1991 98 93 1992 99 96 1987 $ 294 $ 600 1988 216 634 1989 140 463 1990 339 1,284 1991, (72) (589) 1992 (79) (406) 1987 $ 1,701 $ 2,431 1988 1;830 2,473 1989 2,131 2,526 1990 2,373 2,562 1991 2,418 2,615 1992 2,429 2,648 1993 2,845 2,863 1987 17.28% 24.68% 1988 11.80 25.64 1989 6.57 18.33 1990 14.29 50.12 1991 (2.98) (22.52) 1992 (3.25) (15.33) 1987 6.75% 6.75% 1988 6.75 6.75 1989 6.75 6.75 I990 6.75 6.75 1991 6.75 6.75 1992 6.75 6.75 1993 6.75 05 1987 4.27% 7.29% 1988 9.20 6.24 1989 9.20 614 1990 5.34 4.27 1991 7.55 5.24 1992 10.25 8.25 1993 9.07 3.25 22 23 NOTE 6: FIXED ASSETS Unclassified utility plant in service $ 17,918,635 ' A summary of changes in the General Fixed Assets Account Group for the year ended June 30, 1993 follows: 4,112,912 July 1, 1992 Additions Deductions June 30, 1993 40,275 Land $ 7,506,315 $ 553,906 $ $ 8,060,221 18,534,458 Buildings 64,790,809 2,431,387 == 67,222,196 $ 19,184,885 Improvements other than NOTE 7: HOSPITAL CAPITAL LEASE OBLIGATION buildings 842,139 -- -- 842,139 in depreciation Machinery and equipment 4,199,988 1,041,370 83,717 5,157,641 Construction work in progress 1,801,632 1,180,894 1,801,632 1,180,894 ' $ 79 ;140,883 $ 5,207,557 $ 1,885,349 $ 82,463,091 23 The following is a summary of Enterprise Fund fixed assets at June 30, 1993: Unclassified utility plant in service $ 17,918,635 Hospital building and improvements 4,112,912 Equipment 3,100,554 Land 40,275 ' Less: accumulated depreciation 25,172,376 (6,637,918) 18,534,458 Construction work in progress 650,427 ' Net Fixed Assets $ 19,184,885 ' NOTE 7: HOSPITAL CAPITAL LEASE OBLIGATION ' The Hospital leases equipment under a long -term lease assets at June 30, 1993 is $611,663. Amortization of agreement at an imputed 8.50% rate of interest. The the leased equipment is included in depreciation unamoritized cost of such equipment included in fixed expense. Minimum lease payments for the remainder of the lease term are as follows: Year ending June 30, 1994 $ 124,731 1995 150,604 ' 1996 151,153 1997 3,120 1998 2.080 ' Total minimum lease payments 431,688 Less interest (52,887 Present value of minimum lease payments 378,801 ' Less current portion ( 101,406) Capital lease obligation $ 277,395 23 s NOTE 8: LONGTERM DEBT The following is a summary of long term debt payable for the year ended June 30, 1993: ' Interest Principal Payments Issue Maturity Type of Debt Rates Dates Date Date Dates Amount ' Environmental Protection Agency 0.0 %* 06/20/85 11/08/05 12/31/93 $ 10,417 Asbestos Abatement Loan ' 06/30/94 to 06/30/04 20 x 10,407 12/31/04 10,407 239,581 ' General Obligation School , Refunding Bonds 6.6 -8.0% 8/1 -2/1 05/01/89 08/01/00 08/01/93 725,000 08/01/94 780,000 08/01/95 835,000 , 08/01/96 890,000 08/01/97 945,000 08/01/98 1,015,000 08/01/99 1,080,000 08/01/00 1,155,000 7,425,000 ' General Obligation School Refunding Bonds 4.65 -5.90% 6/1 -12/1 07/15/91 06/01/96 12/01/93 780,000 06/01/94 250,000 12/01/94 765,000 06/01/95 250,000 12/01/95 750,000 ' 06/01/96 250,000 3,045,000 $10,709,581 * Interest free unless delinquent; then 7% plus fees and penalties 1 A 24 Authorized Amount Prior Years Current Year Balance at Issued Retired July 1, 1992 Issued Retired $ 375,000 $ 375,000 $ 114,586 10,000,000 10,000,000 1,895,000 $ 260,414 $ 8,105,000 Balance at June 30, 1993 — $ 20,833 $ 239,581 680,000 7,425,000 4,875,000 4,875,000 785,000 4,090,000 — 1,045,000 3,045,000 $15,250,000 $15,250,000 $2,794,586 $12,455,414 $ $1,745,833 $ 10,709,581 25 A summary of long -term debt as of and for the year ended June 30, 1993 follows: The annual requirements to amortize all general obligation debt and the EPA loan payable outstanding as of June 30, 1993, including interest payments of $2,505,277 on the general obligation debt, are as follows: June 30, Balance at 1994 Balance at 1995 July 1, 1992 Additions Deductions June 30, 1993 General obligation bonds $ 12,195,000 $ -- $ 1,725,000 $ 10,470,000 EPA loan payable 260,414 -- 20,833 239,581 Accrued annual leave 191,327 33,965 - 225,292 2003 -2004 $ 12,646,741 $ 33,965 $ 1,745,833 $ 10.934 ,873 The annual requirements to amortize all general obligation debt and the EPA loan payable outstanding as of June 30, 1993, including interest payments of $2,505,277 on the general obligation debt, are as follows: June 30, 1994 2,409,212 1995 2,343,080 1996 2,271,503, 1997 1,231,770 1998 1,224,144 1999 1,226,761 2000 1,219,213 2001 1,216,258 2002 20,833 2003 -2004 52,084 $ 13.214,858 Demand Bond Refundine - 1991 On July 15, 1991, the Kodiak Island Borough issued $4,875,000 in general obligation bonds to advance refund 1986 Series demand bonds totaling $4,750,000. The net proceeds received were used to redeem the 1986 bond issue, which was subject to 'redemption prior to maturity. The refunded bonds referred to above have been appropriately, eliminated from long -term debt and the advance refunding bonds added. NOTE 9: CAPITAL PROJECTS FUNDS CONSTRUCTION COMMITMENTS A summary of Capital Projects Funds construction commitments at June 30, 1993 follows: The amount of $6,072,461 is available in the Debt Service Funds to service all 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 limitations and restrictions. General Obligation Bond Refunding - 1989 In 1989 the Borough sold $10,000,000 general obligation bonds to advance refund 1980 Series general obligation bonds totaling $9,495,000. The proceeds of the refunding issue were placed in a special escrow account and together with the interest earnings of the escrow account were used to redeem the 1980 Series Bonds on August 1, 1990. The 1980 bonds were subject to redemption prior to maturity. Various Borough Projects $1,730,114 School Bond Improvements 18,076 $1,748,190 Resources are presently available or committed to finance construction commitments at June 30, 1993 for all funds except the School Bond Improvements Fund. The additional resources required in this fund will be available during fiscal year 1993. NOTE 10: ENTERPRISE FUNDS SEGMENT INFORMATION The Borough owns and operates a Water and Sewer Utility Fund and a Sanitary Services Fund. The Kodiak Island Hospital -and Care Center is included in the Borough's financial statements as a component unit. Segment financial data as of and for the year ended June 30, 1993 for the Sanitary Services, Water and Sewer Utilities and Hospital are as follows: 26 7 HI 1 1 1 C 1 1 1 1 1 1 I Operating revenues Depreciation expense Operating income (loss) Operating grants Operating transfers in Operating transfers out Net income (loss) Amortization of contributions in aid of construction Property, plant and equipment additions Net working capital Total assets Total equity Sanitary Water Sewer Services Utility Utilitiv Hospital Total $ 1,674,711 $ 397,416 $ 433,749 $ 8,239,724 $ 10,745,600 68,985 109,653 197,292 438,099 814,029 5,646 (52,662) (136,839) (993,527) (1,177,382) _ _ = 113,866 113,866 5,644 (44,298) (128,474) (766,421) (933,549) 52,866 109,645 196,590 — 359,101 55,514 255,915 259,160 109,952 680,541 (176,516) 4,897 31,547 1,905,141 1,765,069 2,430,573 5,682,746 9,362,546 6,665,133 24,140,998 2,078,308 5,531,731 9,247,194 5,282,388 22,139,621 NOTE 11: DEFERRED COMPENSATION PLANS Borough The Kodiak Island Borough has a deferred compensation plan created in accordance 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. 27 Hospital The Hospital also has a Section 457 deferred compensation plan trader which substantially all Hospital employees may elect to become participants. At the direction of the plan participants, the Hospital withholds the employee's contributions and deposits them with the plan trustee. The Hospital does not make contributions to this plan. NOTE 12: MALPRACTICE INSURANCE AND RELATED LITIGATION As of January 1, 1990, the Hospital had self - insured itself for medical malpractice claims up to a maximum of $500,000 per occurrence and $1,000,000 in aggregate. In addition, the Hospital has purchased stop loss insurance for claims up to $3,000,000 per occurrence and $6,000,000 in aggregate. Effective January 1, 1993, the Hospital purchased a claims -made 'policy through a commercial insurance carrier with a retroactive date of January 1, 1987. The policy has coverage limits of $2,000,000 per loss event and $4,000,000 in the aggregate. Under the policy the Hospital retains the first $10,000 per loss event and $50,000 in the aggregate. However, the Hospital has deposited $440,812 into a fund, which is held by a trustee, for use in funding these retention levels or as tail coverage for claims occurring prior to January 1, 1987. Therefore, claims based on occurrences prior to January 1, 1987, but reported subsequently, will be subject to this self - insurance coverage. At June 30, 1993, the Hospital has accrued $222,353 incidents that may have occurred and not been for losses anticipated from asserted claims and from identified by the Hospital. unasserted claims known to the Hospital as well as NOTE 13: INDIVIDUAL FUND DISCLOSURES Interf ind Receivables and Payables A summary of interfund receivables and payables at June 30, 1993 is as follows: Fund Deficits The fund deficits at June 30, 1993 are as follows: Capital Projects Funds - State Capital Grants $ 71,482 Special Revenue funds - Coastal Management 20 Community and Regional Affairs 3,415 $ 74,917 These deficits will be funded in fiscal year 1994 through transfers from other funds. Interfund Transfers Interfund operating transfers have been made in accordance with budget ordinances with the exception of the transfer of the funding of long -term annual leave. Funds are transferred from one fund to support expenditures of other funds in accordance with the authority established for the individual fund. Transfers between fund types during the year ended June 30, 1993, were as follows: 1 r 1 f 5 1 7 U 1 1 28 Receivable Payable General Fund $ 2,114 $ 4,528,640 Special Revenue Funds - Women's Bay Road 25,000 — Coastal Management — 17,114 Day Care — 20,000 Education 4,528,640 84,391 Land Sales 72,000 — Building and Grounds — 37,000 Community and Regional Affairs — 4,000 Oil Spill Cleanup 109,158 130,158 Debt Services Fund - Other 9,000 — Capital Project Funds - Various Borough Projects — 354,000 School Bond Improvements 30,000 — School Equipment and Furnishings 84,391 — State Capital Grants — 260,000 School Major Maintenance 584,000 — Enterprise Funds - Sanitary Services — 232,000 Water Utility 116,000 9,000 Sewer Utility 116,000 — $ 5,676,303 $ 5,676,303 Fund Deficits The fund deficits at June 30, 1993 are as follows: Capital Projects Funds - State Capital Grants $ 71,482 Special Revenue funds - Coastal Management 20 Community and Regional Affairs 3,415 $ 74,917 These deficits will be funded in fiscal year 1994 through transfers from other funds. Interfund Transfers Interfund operating transfers have been made in accordance with budget ordinances with the exception of the transfer of the funding of long -term annual leave. Funds are transferred from one fund to support expenditures of other funds in accordance with the authority established for the individual fund. Transfers between fund types during the year ended June 30, 1993, were as follows: 1 r 1 f 5 1 7 U 1 1 28 1 1 i 1 1 1 1 1 l 1 1 1 1 Excess of Expenditures Over Appropriations General Fund The following departments' expenditures exceeded their appropriations: Department Excess Transfers In $ 93,695 Data Services Special Debt Capital 2,550 Transfers Revenue Service Projects Enterprise 8,788 Out Funds Funds Funds Funds Fund Tvpe Fund Excess Coastal Management Operating transfers: 2,000 Road Bav View 308 General Fund $3,579,242 $3,541,280 $ 17,502 $ — $ 20,460 Special Revenue 3,607,632 — 2,490,174 1,117,458 — Debt Service 1,475,297 — — 1,475,297 — Capital Projects 611,540 11,540 525,000 75,000 Total Operating Transfers $9,273,711 $3,552,820 $3,032,676 $2,667,755 $ 20,460 Excess of Expenditures Over Appropriations General Fund The following departments' expenditures exceeded their appropriations: Department Excess Legal Services $ 93,695 Data Services 236 Building Inspector 2,550 General Administration 7,410 Health and Sanitation 8,788 $ 112,679 The following funds' expenditures exceeded their appropriations: Special Revenue Funds Fund Excess Coastal Management $ 2,000 Road Bav View 308 $ 2,308 Enterprise Funds Fund Excess Sanitary Services $ 175,960 Water 116,978 Sewer 196,188 $ 489,126 29 Proprietary Funds' reconciliation of fund equity for the year ended June 30, 1993. Fund equjty at beginning of year Net income (loss) Contributions in aid of construction Fund equity at end of year NOTE 14: CONTINGENCIES Litigation Oil Spill - Sanitary Water Sewer Services Utility Utility $ 2,052,674 $ 5,285,447 $ 9,085,085 5,644 (44,298) (128,474) 19,990 290,582 290,583 $_2 0�,308 $ 5,531,731 $ 9,247,194 The Borough is involved in litigation seeking recovery from Exxon and others for damages it sustained as a result of the Exxon Oil Spill. Although the estimated value of the Borough's claim is in excess of $10,000,000, at this time it is not possible to determine the amount, if any, of damages it will ultimately be awarded. General - The Borough, in the normal course of its activities, is involved in• various claims and pending litigation. In the opinion of management, the disposition of the claims and litigation is not presently expected to have a material adverse effect on the Borough's financial statements. In addition, management feels that all the material risks that the Borough is exposed to have been adequately insured via commercial insurance and the Hospital self insurance trust. Grants Amounts received or receivable from grantor agencies are subject to audit and adjustment by the grantor agencies. Any disallowed claims, including amounts already collected, would become a liability of the General or other applicable funds. In management's opinion, disallowances, if any, will be immaterial. Hospital Total $ 6,048,809 $22,472,015 (766,421) (933,549) 601.155 $ 5,282388 $22,139,621 NOTE 15: SUBSEQUENT EVENTS On October 5, 1993, the Kodiak electorate approved the issuance of $9,700,000 in school construction bonds and $9,500,000 in hospital construction bonds, dated October 1, 1993. Bond issues will have terms of twenty (20) years. NOTE 16: EFFECT ON FUTURE YEARS OF GASB 14 IMPLEMENTATION In June 1991 the Governmental Accounting Standards Board issued Statement No. 14, The Financial Reporting Entity which is effective for fiscal periods beginning after December 15, 1992. GASB Statement No. 14 changes the basis for determining which component units should be included in the financial statements of the financial reporting entity. GASB Statement No. 14 also prescribes. that the financial statements of most component units be displayed in the financial statements of the financial reporting entity in a separate column or columns called "discrete presentations" rather than by "blending" those financial statements into -the fund types of the primary reporting entity. Implementation of GASB Statement No. 14 is expected to have the following effect on the general, purpose financial statements of the Borough: The Kodiak Island Borough School District and the Kodiak Island Hospital and Care Center will be presented as discrete component units, rather than blended into fund types. it J 1 1 ii 11 1 1 30 n 1 1 1 1 GENERAL FUND 7 J 1 k The General Fund is used to account for resources traditionally associated with government which are not required legally or by sound financial management to be accounted for in any other fund. Principal sources of revenue are property taxes and intergovern- mental revenues. Primary expenditures are for general government and public service. 0 KODIAK ISLAND BOROUGH EXHIBIT A -1 GENERAL FUND BALANCE SHEET JUNE 30, 1993 WITH CONTARATTVE TOTALS FOR 1992 1993 1992 ASSETS Equity in central treasury S 25,117 $ 60,325 Temporary investments 6,270,623 4,679,257 Total cash and investments 6,295,740 4,739,582 Receivables: Accounts receivable 90,538 23,820 State of Alaska Federal government 45,249 42,597 6,990 Due from other funds 2,114 679,453 Property taxes: Delinquent taxes 158,630 88,284 Allowance for uncollectible delinquent taxes (17,667) (17,667) Accrued interest receivable 128,301 66,158 Net receivables 407,165 889,635 Prepaid expenses 40,319 Total assets $ 6,702,905 $ 5, 669,536 LIABILITIES AND FUND BALANCE ' Liabilities: Accounts payable $ 87,115 $ 126,636 Payroll taxes and employee benefits 45,240 45,655 Due to other funds 4,528,640 3,512,292 Other accrued liabilities 6,589 3,376 Total liabilities 4,667,584 3,687,959 Fund Balance: Reserved — prepaid expenses — 40,319 Unreserved — designated for subsequent year expenditures 2,035,321 1,941,258 Total liabilities and fund balance $ 6,702,905 S 5,669,536 31 KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF REVENUES, EXPENDFFURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 EXHIBIT A -2 continued- 32 1993 Variance - Favorable 1992 Budget Actual (Unfavorable) Actual Revenues: Property taxes: Real S 2,578,250 $ 2,594,118 $ 15,868 S 2,436,524 Personal 516,300 508,643 (7,657) 428,400 Motor vehicle 180,000 150,012 (29,988) 167,056 Penalty and interest 108,780 101,072 (7,708) 83,127 Payments in lieu of taxes 423,000 423,863 863 422,744 Total property taxes 3,806,330 3,777,708 (28,622) 3,537,851 Severance taxes: Fish 560,000 581,875 21,875 428,511 Mining 10,000 4,822 (5,178) 5,567 Logging 100,000 116,753 16,753 96,005 Total severance taxes 670,000 703,450 33,450 530,083 Intergovernmental: State sources: State shared revenue 517,500 517,464 (36) 594,576 Municipal assistance 500,000 451,010 (48,990) 543,407 Raw fish tax 1,040,000 1,005,664 (34,336) 1,295,921 Electric co-op tax 8,700 10,007 1,307 8,677 Miscellaneous 700 240 (460) 528 Total State sources 2,066,900 1,984,385 (82,515) 2,443,109 Federal sources 2,000 7,345 5,345 7,230 Total intergovernmental revenue 2,068,900 1,991,730 (77,170) 2,450,339 Licenses, permits, fees and other local revenues: Building and trailers 45,000 21,819 (23,181) 25,489 Subdivision and zoning fees 9,500 5,568 (3,932) 8,343 Sale of copies 5,000 9,922 4,922 7,299 Switchboard services - - - 13,027 Emergency medical services 33,000 30,665 (2,335) 48,624 Miscellaneous 219,240 365,851 146,611 110,154 Total licenses, permits, fees and other local sources 311,740 433,825 122,085 212,936 Investments and property: Interest income 240,000 289,570 49,570 364,833 Gain on exchange - - - 2,718 Total investments and property 240,000 289,570 49,570 367,551 Total revenues $ 7,096,970 $ 7,196,283 $ 99,313 $ 7,098,760 continued- 32 I KODIAK ISLAND BOROUGH �I GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATI T F 1992 EXHIBIT A -2, continued Expenditures: Borough Assembly Mayor's department Clerk's department Legal services Finance department Data services Assessment department Engineering facilities department Community development 1 Building inspector Resource management Switchboard /word processing Economic development General administration Emergency preparedness Educational support Health and sanitation Culture and recreation Total expenditures 1 1 1 1 1993 Variance - Favorable 1992 Budget Actual (Unfavorable) Actual $ 152,800 $ 152,022 $ 778 $ 124,650 169,870 168,417 1,453 159,292 230,280 216,059 14,221 204,818 177,800 271,495 (93,695) 184,707 388,265 386,552 1,713 307,954 278,425 278,662 (237) 229,521 254,620 248,819 5,801 236,022 148,850 120,645 28,205 88,482 396,060 384,649 11,411 354,147 70,000 72,550 (2,550) 78,288 - - - 78,895 - - - 80,986 44,000 38,896 5,104 45,946 377,510 384,920 (7,410) 318,332 39,200 33,552 5,648 19,328 176,000 174,721 1,279 27,510 423,964 432,752 (8,788) 478,324 198,586 198,586 - 190,700 S 3,526,230 $ 3,563,297 S (37,067) $ 3,207,902 33 KODIAK ISLAND BOROUGH GENERALFUND STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 EXHIBIT A -2, continued t 3 S Excess of revenues over expenditures Operating transfers in: Special Revenue: Land Sales Operating transfers out: Special Revenue: Education Mental Health Buildings and grounds Debt Service: Other Capital Projects: Various Borough Projects Enterprise Funds: Sanitary Services Hospital Net operating transfers out Excess of revenues and operating transfers in over expenditures and operating transfers out Fund balance at beginning of year Fund balance at end of year 1993 Variance — Favorable 1992 Budget Actual (Unfavorable) Actual $ 3,570,740 $ 3,632,986 $ 62,246 $ 3,890,858 81,670 81,670 3,200,000 241,280 100,000 9,000 20,460 3,570,740 (3,570,740) 3,200,000 241,280 100,000 17,502 20,460 (8,502) (8,502) (8,502) 3,000,000 200,000 300,000 15,774 222,000 18,000 9,927 3,765,701 (3,684,031) 3,579,242 (3,579,242) S — 53,744 S 53,744 1,981,577 S 2,03 5,321 206,827 1,774,750 S 1,9 81,577 34 I KODIAK ISLAND BOROUGH N GENERAL FUND SCHEDULE OF EXPENDITURES AND TRANSFERS BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATI TOTALS FOR 1992 EXHIBIT A-3 Expenditures: Borough Assembly: Personnel Services Fringe benefits Support, goods & services Lobbyist Total Mayor's department: Personnel services Fringe benefits Support, goods & services Total Clerk's department: Personnel services Fringe benefits Support, goods & services Capital Outlay Total ' Legal services: Legal fees Support, goods & services ' Total 1993 Variance - Favorable 1992 Budget Actual (Unfavorable) Actual S 16,800 $ 16,600 $ 200 S 16,800 1,290 1,284 6 1,573 80,880 76,036 4,844 60,981 53,830 58,102 (4,272) 45,296 152,800 152,022 778 124,650 102,500 103,131 (631) 101,438 30,570 29,921 649 30,323 36,800 35,365 1,435 27,531 169,870 168,417 1,453 159,292 120,880 115,353 5,527 108,647 40,500 37,453 3,047 34,855 68,900 63,253 5,647 60,529 - - - 787 230,280 216,059 14,221 204,818 149,000 234,810 (85,810) 135,028 28,800 36,685 (7,885) 49,679 177,800 271,495 (93,695) 184,707 continued- 35 KODIAK ISLAND BOROUGH GENERAL FUND SCHEDULE OF EXPENDITURES AND TRANSFERS BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 199 EXHIBIT A -3, continued 1993 Variance - Favorable 1992 Budget Actual (Unfavorable) Actual Finance department: Personnel services $ 273,170 $ 272,990 $ 180 $ 210,459 Fringe benefits 78,430 79,837 (1,407) 57,387 Support, goods & services 55,700 54,600 1,100 30,489 Capital outlay 4,500 2,679 1,821 11,580 Allocated to projects (23,535) (23,554) 19 (1,961) Total 388,265 386,552 1,713 307,954 Data Services: Personnel services 217,207 217,801 (594) 203,930 Fringe benefits 63,080 62,634 446 56,858 Contracted services 12,817 12,817 - 5,038 Support, goods & services 79,027 83,630 (4,603) 81,328 Capital outlay 56,294 51,780 4,514 23,125 Allocated to projects (150,000) (150,000) - (140,758) Total 278,425 278,662 (237) 229,521 Assessment department: Personnel services 167,810 166,432 1,378 159,242 Fringe benefits 54,910 50,497 4,413 50,729 Contracted services 2,425 2,425 - 4,076 Support, goods & services 27,875 27,865 10 21,975 Capital outlay 1,600 1,600 - - Total 254,620 248,819 5,801 236,022 Engineering facilities department: Personnel services 170,270 171,120 (850) 142,137 Fringe benefits 50,980 50,921 59 48,699 Contracted services 15,000 16,351 (1,351) 2,149 Support, goods & services 37,400 40,649 (3,249) 16,073 Capital outlay 2,000 - 2,000 - Allocated to projects (126,800) (158,396) 31,596 (120,576) Total 148,850 120,645 28,205 88,482 36 I KODIAK ISLAND BOROUGH GENERAL FUND SCHEDULE OF EXPENDITURES AND TRANSFERS BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WTTH COMPARATIVE TOTALS FOR 1992 EXHIBIT A -3, continued 1 Community development department: Personnel services Fringe benefits Contracted services Support, goods & services Capital outlay Allocated to projects Total Building inspector: Contracted services Support, goods & services Total Resource management: Personnel services Fringe benefits Support, goods & services Total Switchboard /word processing: Personnel services Fringe benefits Support, goods & services Total 1993 Variance - Favorable Budget Actual (Unfavorable) $ 272,295 $ 266,030 $ 6,265 92,335 87,158 5,177 240 190 50 48,190 49,181 (991) 3,000 2,886 114 (20,000) (20,796) 796 396,060 384,649 11,411 70,000 72,446 (2,446) - 104 (104) 70,000 72,550 (2,550) 37 1992 Actual S 246,778 83,547 2,186 37,248 11,514 (27,126) 354,147 78,184 104 78,288 55,836 19,706 3,353 78,895 53,726 14,035 13,225 80,986 KODIAK ISLAND BOROUGH GENERAL FUND SCHEDULE OF EXPENDITURES AND TRANSFERS BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 EXHIBIT A -3, continued 1993 Variance - Favorable 1992 Budget Actual (Unfavorable) Actual Economic development: General services - Contracted services $ 27,000 $ 21,888 $ 5,112 S 27,719 Support, goods & services - 8 (8) 3,227 Contributions - Kodiak Convention Bureau 17,000 17,000 - 15,000 Total 44,000 38,896 5,104 45,946 General administration: Personnel services 27,100 25,791 1,309 - Fringe benefits 28,960 24,319 4,641 15,672 Professional fees 153,900 169,821 (15,921) 126,160 Support, goods & services 167,950 163,689 4,261 176,500 Capital outlay (400) 1,300 (1,700) - Total 377,510 384,920 (7,410) 318,332 Emergency preparedness: Personnel services - - - 79 Fringe benefits - - - 17 Support, goods 8 services 9,200 13,152 (3,952) 15,113 Capital outlay 30,000 20,400 9,600 4,119 Total 39,200 33,552 5,648 19,328 Education support: Data processing services 150,000 150,000 - - Audit expense 26,000 24,721 1,279 27,510 Total 176,000 174,721 1,279 27,510 38 I KODIAK ISLAND BOROUGH EXHIBIT A -3, continued GENERAL FUND SCHEDULE OF EXPENDITURES AND TRANSFERS BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 1 39 1993 Variance - Favorable 1992 Budget Actual (Unfavorable) Actual Health and sanitation: Emergency medical services S 32,450 $ 40,895 $ (8,445) $ 26,799 Animal control 48,000 48,596 (596) 48,676 Council on Alcoholism 100,000 100,000 50,000 State Health Services Villages 25,800 25,800 25,800 State Health Services KANA 8,600 8,600 - 8,600 Women's Resource Crisis American Red Cross 38,114 2,000 38,114 2,000 - - 34,900 2,000 Alaska Legal Services 7,000 Kodiak Baptist Mission 60,000 60,000 60,000 Small World (Day Care) 18,000 18,000 - 18,000 Special Olympics 7,000 7,000 - 3,000 Health Center Support 2,000 1,747 253 2,110 Senior Citizen Support 24,000 24,000 24,000 Kodiak Respite Care 3,000 3,000 - 3,000 Detox - - - 40,000 Ambulance service 55,000 55,000 124,439 Total 423,964 432,752 (8,788) 478,324 Culture and recreation: KMXT Public Radio 12,000 12,000 12,000 Historical Society 9,000 9,000 - 9,000 Summer Basketball 3,886 3,886 - 3,000 Kodiak Island Sport Association 2,500 2,500 - 2,500 1 Kodiak Art Council 12,000 12,000 12,000 Village Libraries 18,000 18,000 18,000 Chiniak Public Library 3,000 3,000 - 3,000 City of Kodiak Library 60,000 60,000 - 58,000 Head Start 8,200 8,200 - 8,200 Kodiak College 34,000 34,000 34,000 Kodiak Little League 2,000 2,000 2,000 Kodiak Library Association 1,500 1,500 - 1,500 Santa in the Villages 1,000 1,000 - 1,000 ' Karluk IRA Council 20,000 20,000 20,000 KANA Dorms 6,500 6,500 5,000 KANA Alutiiq studies 3,500 3,500 - Elks Fireworks 1,500 1,500 - 1,500 Total 198,586 198,586 - 190,700 1 39 KODIAK ISLAND BOROUGH GENERAL FUND SCHEDULE OF EXPENDITURES AND TRANSFERS BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 EXHIBIT A -3, continued 40 1993 Variance — Favorable 1992 Budget Actual (Unfavorable) Actual Operating transfers out: Special Revenue — Education S 3,200,000 S 3,200,000 $ — $ 3,000,000 Mental Health 241,280 241,280 — 200,000 Building and grounds 100,000 100,000 — 300,000 Debt Service — Other 9,000 17,502 (8,502) 15,774 Capital Projects — Various Borough projects — — — 222,000 Enterprise Funds — Sanitary services Hospital — 20,460 — 20,460 — 18,000 9,927 Total operating transfers out 3,570,740 3,579,242 (8,502) 3,765,701 Total $ 7, 096,970 S 7,142,539 S ( 4 5 ,569) $ 6, 973,603 40 1 Ll I SPECIAL REVENUE FUNDS Special Revenue Funds are used to account for revenues from specific sources which by law are restricted to finance particular func- tions and activities. 1 1� 1 1 SPECIAL REVENUE FUNDS I FIRE AND ROAD SERVICES 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. MENTAL HEALTH CENTER This fund accounts for the operations of a mental health center financed by the State of Alaska grants and contracts and user fees. I COASTAL MANAGEMENT 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. 1 DAY CARE 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. LAND SALES This fund accounts for the disposal of Borough -owned lands. The proceeds of land disposals are generally used for the management of Borough lands and the repairs and maintenance of school buildings. BUILDING AND GROUNDS This fund accounts for the operations and maintenance of certain buildings and rounds owned b the Borough g g Y g which are jointly shared with the City of Kodiak, the Kodiak Island Borough School District, the State of Alaska and certain non - profit community organizations. LIGHTING DISTRICT This fund accounts for activities related to the Woodland Acres Lighting District established by the voters within the district to provide street lighting within the service area. COMMUNITY AND REGIONAL AFFAIRS ' This fund accounts for the reimbursable expenditures for the Kodiak Regional Office of the State of Alaska, Department of Community and Regional Affairs. Expenditures include postage, telephone, copy costs, and office equipment. Revenue is generally in the form of reimbursement in the same amount as billable expenditures. ' OIL SPILL CLEANUP This fund accounts of costs incurred by the Borough due to the oil spill of the Exxon Valdez. Such costs are reimbursed by the State of Alaska and Exxon. 1 41 42 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET NNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 Fire Road Service Districts I and Fire Road Women's Bay View Monashka District Women's Area 1 Bay Bay One Bay Road ASSETS Equity in central treasury $ 14,090 $ 28,435 $ 25,292 $ 86,015 $ 93,809 $ 3,040 Temporary investments 400,000 - - - - - Receivables: State of Alaska - - - - - - Federal government - - - - - - Land sales contract, due within one year - - - - - - Accrued interest 80 - - - - - Other 3,870 1,608 752 4,309 22,972 55 Allowance for doubtful receivables - Due from other funds - - - - 25,000 - Inventories - - - - - - Prepaid expenses 2,571 2,691 - - - - Land sale contracts, due after one year - - - - - - Total assets $ 4 20,611 $ 32,734 $ 26,044 $ 90,324 $ 1 41,781 $ 3,095 , LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 130,766 $ 354 $ - S 1,200 $ - $ - Salaries payable - - - - - - Payroll taxes accrued and withheld - - - - - - Employee benefits accrued and withheld 988 - - - - - Customer deposits - 300 Deferred and unrealized revenues - - - - - - Due to other funds - - - - - - Other Total liabilities - - 654 - - - - 1,200 131,754 - i Fund Balances: Reserved: Encumbrances - - - - - - Fuel Inventory - - - - - - Health Insurance - - - - PL - 874 - - - - - - Prepaid expenses 2,571 2,691 - - - - Unreserved - Designated: Subsequent year expenditures Undesignated 286,286 29,389 26,044 89,124 141,781 3,095 Total fund balances 288,857 32,080 26,044 89,124 141,781 3,095 Total liabilities and fund balances $ 4 20,611 $ 32 ,734 $ 2 6,044 $ 9 0,324 $ 141,781 $ 3 ,095 42 1 1 1 1 1 1 1 1 1 f 1 1 1 1 1 1 1 1 1 EXHIBIT B -I Federal and State Grant Programs Mental Coastal Building Health Manage- and Center ment Day Care Education Land Sales Grounds $ 18,140 $ 870 $ 2,899 $ 68,201 $ 183,505 $ 1,391 - - - - 508,804 300,000 61,815 27,953 48,207 529,806 - - - - - 48,905 - - - - - - 208,341 - - - - - 22,179 2,729 281,646 - 1,285 2,426 - - (36,781) - - - (25,000) - - - - 4,528,640 72,000 - 174,403 - - 31,852 - - 783 - - - - - - 1,180,598 - S 3 S 28,823 $ 52,391 $ 5,353,164 $ 2,150,427 $ 3 04,120 $ 9,965 $ 11,729 S 26,187 $ 120,480 $ 14,340 $ 11,115 - - - 889,162 - - - - - 936,564 - - 17,694 - - 127,273 959 - 3,147 - - - - - - - - 3,500 1,388,939 - - 17,114 20,000 84,391 - 37,000 - - - 164,613 - - 30,806 28,843 46,187 2,325,983 1,404,238 48,115 - - - 146,156 - - - - - 157,564 - - - - - 1,507,336 - - 31,852 - - 783 - - 797,193 294,014 (20) 6,204 418,149 746,189 256,005 325,866 (20) 6,204 3,027,181 746,189 256,005 $ 35 6,672 $ 28,823 $ 5 2,391 $ 5, 353,164 $ 2 ,150,427 $ 30 4,120 continued 43 I KODIAK ISLAND BOROUGH EXHIBIT B -1, continued SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET JUNE 30, 1993 V4 TM COMPARATIVE TOTALS FOR 1992 a 1 45 Woodland Community Totals Acres & Regional Oil Spill Lighting Affairs Cleanup 1993 1992 ASSETS Equity in central treasury $ 12,968 $ 886 $ 565 $ 540,106 $ 337,773 Temporary investments - - - 1,208,804 1,501,163 Receivables: State of Alaska - - 667,781 1,366,663 Federal goverrment _ 48,905 16,034 Land sales contract, due within one year - - - 208,341 300,000 Accrued interest - - 24,988 21,310 Other 133 _ 51,000 370,056 325,512 Allowance for doubtful receivables - - - (61,781) (62,085) Due from other funds - - 109,158 4,734,798 3,244,634 Inventories - - 174,403 172,749 Prepaid expenses _ 37,897 43,143 Land sale contracts, due after one year - - - 1,180,598 1,294,823 Total assets $ 13,101 $ 886 $ 160,723 $ 9, 134,896 $ 8,561,719 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable S 262 $ 301 $ - $ 326,699 $ 812,811 Salaries payable - - - 889,162 833,433 Payroll taxes accrued and withheld - - - 936,564 870,568 Employee benefits accrued and withheld - - 146,914 135,086 Customer deposits _ 3,447 300 Deferred and unrealized revenues 1,268 1,393,707 1,705,249 Due to other funds - 4,000 130,158 292,663 227,586 ' Other Total liabilities - 262 - 4,301 - 131,426 164,613 412,368 4,153,769 4,997,401 Fund Balances: Reserved: Encumbrances - - - 146,156 84,642 Fuel Inventory - - - 157,564 158,145 Health Insurance - - _ - - PL - 874 - - 1,507,336 77,016 Prepaid expenses _ 37,897 43,143 Unreserved - Designated: Subsequent year expenditures - - - 797,193 261,669 Undesignated 12,839 (3,415) 29,297 2,334,981 2,939,703 Total fund balances 12,839 (3,415) 29,297 4,981,127 3,564,318 ' Total liabilities and fund balances S 13,101 $ 886 $ 160,723 $ 9,134,896 $ 8,561,719 a 1 45 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS 1 COMBINING STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 Fire and Road Service Districts Fire Road Women's Monashka District One Women's Bay Bay View Road Area 1 Bay Bay Revenues: Property taxes $ 146,919 $ 37,467 $ 22,468 $ 153,740 $ 75,087 S 3,882 i State sources 5,555 1,008 3,037 13,531 14,639 1,124 Federal sources - - - - - - ! Land sale proceeds - - - - - - Licenses, permits, fees and other local revenues 6,151 5,705 - - 20,000 - Investments and property 15,221 - - - - - Total revenues 173,846 44,180 25,505 167,271 109,726 5,006 Expenditures: i Planning and community development - - - - - - Health and sanitation - - - - - - Education support - - - - - - General administration Oil spill cleanup 333,949 - 41,889 - - - - - - - - - Capital outlay: Services district maintenance - - 10,554 123,654 64,340 4,308 General - - - - - - Total expenditures 333,949 41,889 10,554 123,654 64,340 4,308 Excess (deficiency) of revenues over (under) expenditures (160,103) 2,291 14,951 43,617 45,386 698 Operating transfers in - - - - - - Operating transfers out (2,959) - - - - - Net operating transfers (2,959) - - - - - Excess (deficiency) of revenues and operating transfers in over expenditures and operating transfers out (163,062) 2,291 14,951 43,617 45,386 698 Fund balance (deficit) beginning of year 451,919 29,789 11,093 45,507 96,395 2,397 Adjustments to reserve for fuel inventory - - - - - - Fund balance (deficit) at end of year $ 288,857 $ 3 2,080 S 26,044 $ 89,124 $ 1 41,781 $ 3,095 46 1 1 1 1 1 1 1 1 1 1 A 1 1 1 1 1 1 1 1 EXHIBIT B -2 Federal and State Grant Programs Mental 2,376 1,653,357 312,312 (282,123) 241,280 - Building Health - (2,473,713) (1,122,891) - 233,211 - and Center Energy Day Care Education Land Sales Grounds $ - $ - $ - $ - $ - $ - 605,976 44,200 273,121 15,706,650 - - - - - 4,985,228 - - - - - - 423,911 - 588,444 - - 185,613 30,151 - 36,207 - - - 24,778 286,459 1,230,627 44,200 273,121 20,877,491 478,840 286,459 44,200 - - - 1,404,960 - 270,745 - - - - - - 19,224,134 - - - 149,742 568,582 - - - - 16,786 - 1,404,960 44,200 270,745 19,224,134 166,528 568,582 (174,333) - 2,376 1,653,357 312,312 (282,123) 241,280 - - 3,200,000 - 100,000 (8,069) - - (2,473,713) (1,122,891) - 233,211 - - 726,287 (1,122,891) 100,000 58,878 - 2,376 2,379,644 (810,579) (182,123) 266,988 (20) 3,828 640,229 1,556,768 438,128 - - - 7,308 - - $ 3 25,866 $ (20) $ 6,204 $ 3,0 27,181 $ 7 $ 2 Continued 47 K D O IAK ISLAND BOROUGH EXHIBIT B -2, continued ' SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 Woodland Community Totals Acres & Regional Oil Spill ' Lighting Affairs Cleanup 1993 1992 Revenues: Property taxes $ 9,880 $ $ - $ 449,443 $ 418,706 ' State sources 41 = 109,158 16,778,040 16,689,625 Federal sources 4,985,228 1,697,732 Land sale proceeds - - - 423,911 431,843 Licenses, permits, fees and other local revenues - 4,413 - 840,477 770,963 Investments and property 362,665 427,004 Total revenues 9,921 4,413 109,158 23,839,764 20,435,873 Expenditures: Planning and community development - - - 44,200 32,970 Health and sanitation - 1,675,705 1,962,631 Education support = _ 19,224,134 18,353,975 General administration 3,148 5,302 - 1,102,612 747,054 Oil spill cleanup - - 109,158 109,158 66,544 Capital outlay: ' Services district maintenance 202,856 211,619 General - - - 16,786 37,000 ' Total expenditures 3,148 5,302 109,158 22,375,451 21,411,793 Excess (deficiency) of revenues over (under) expenditures 6,773 (889) - 1,464,313 (975,920) Operating transfers in - - 11,540 3,552,820 3,511,457 Operating transfers out - - - (3,607,632) (2,680,148) Net operating transfers - - 11,540 (54,812) 831,309 Excess (deficiency) of revenues and operating transfers in over expenditures and operating transfers out 6,773 (889) 11,540 1,409,501 (144,611) Fund balance (deficit) beginning of year 6,066 (2,526) 17,757 3,564,318 3,703,965 Adjustments to reserve for fuel inventory - - - 7,308 4,964 Fund balance (deficit) at end of year $ 12,839 $ (3,415) $ 29,297 $ 4,981,127 $ 3,5 64,318 49 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS FIRE AND ROAD SERVICE DISTRICTS _ FIRE AREA I STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 EXHIBIT B-3 1 1 1 1993 Revenues: Property taxes Payment in lieu of taxes State sources - shared revenue Licenses, permits, fees and other local revenues Investments and property Total revenues Expenditures - general administration: Fire chief Volunteers Fringe benefits Professional services Contributions Support costs Capital outlay Depreciation Total expenditures Excess of revenues over expenditures Operating transfers in (out) Net operating transfers Excess (deficiency) of revenues and operating transfers in over expenditures and operating transfers out Fund balance at beginning of year Fund balance at end of year Variance - Favorable 1992 Budget Actual (Unfavorable) Actual $ 143,000 $ 146,919 $ 3,919 S 137,439 2,500 2,203 (297) 1,838 3,000 3,352 352 3,032 6,000 6,151 151 6,010 9,000 15,221 6,221 20,972 163,500 173,846 10,346 169,291 68,440 65,919 2,521 64,335 8,000 7,080 920 5,055 22,530 22,595 (65) 22,933 4,000 - 4,000 - 100,000 - 100,000 - 62,650 46,618 16,032 54,062 210,000 191,737 18,263 8,528 12,400 - 12,400 - 488,020 333,949 154,071 154,913 (324,520) (160,103) 164,417 14,378 - (2,959) (2,959) 1,457 - (2,959) (2,959) 1,457 $ ( (163,062) $ 161,458 15,835 451,919 436,084 $ 288,857 $ 451,919 50 I KODIAK ISLAND BOROUGH ' SPECIAL REVENUE FUNDS FIRE AND ROAD SERVICE DISTRICTS - FIRE WOMEMS BAY STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATI TOTALS FOR 1 992 EXHIBIT B-4 Fund balance at beginning of year Fund balance at end of year 1993 51 Variance - Favorable 1992 Actual (Unfavorable) Actual S 37,467 S 8,467 $ 34,669 1,008 408 851 5,705 (1,495) 6,300 44,180 7,380 41,820 - - 195 300 6,084 2,210 Budget 24,000 2,701 27,482 11,505 - 7,380 Revenues: 39,012 Property taxes S 29,000 State sources - shared revenue 600 Licenses, permits, fees and other local revenues 7,200 Total revenues 36,800 ' Expenditures - general administration: Personnel services - Contracted services Fringe benefits 300 8,294 Support costs 26,701 Capital outlay 11,505 Total expenditures 46,800 Excess (deficiency) of revenues over expenditures (10,000) Operating transfers in -' Net operating transfers - Excess (deficiency) of revenues and ' operating transfers in over expenditures and operating transfers out $ (10,000) Fund balance at beginning of year Fund balance at end of year 1993 51 Variance - Favorable 1992 Actual (Unfavorable) Actual S 37,467 S 8,467 $ 34,669 1,008 408 851 5,705 (1,495) 6,300 44,180 7,380 41,820 - - 195 300 6,084 2,210 3,955 24,000 2,701 27,482 11,505 - 7,380 41,889 4,911 39,012 2,291 12,291 2,808 - 10,000 10,000 2,291 S 1 2,291 12,808 29,789 16,981 S 32,080 $ 29,789 KODIAK ISLAND BOROUGH EXHIBIT BS SPECIAL REVENUE FUNDS , FIRE AND ROAD SERVICE DISTRICTS -ROAD MONASHKA BAY STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED TUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 1993 Variance — Favorable 1992 Budget Actual (Unfavorable) Actual i Revenues: Property taxes $ 21,600 $ 22,468 S 868 S 21,988 State sources: { Shared revenue 3,200 3,037 (163) 3,267 ! Disaster relief — — — 333 Total revenues 24,800 25,505 705 25,588 Expenditures — capital improvements — service district maintenance: Personnel services 100 767 (667) 285 Snow removal 13,500 6,715 6,785 9,268 Road grading 11,000 2,765 8,235 8,389 A Repairs and maintenance — — — 333 Support goods & services 200 307 (107) 127 1 Total expenditures 24,800 10,554 14,246 18,402 Excess (deficiency) of revenues over expenditures $ — 14,951 S 1 4,951 7,186 Fund balance at beginning of year 11,093 3,907 Fund balance at end of ear Y S 2 $ 11,093 I I 52 , I KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS FIRE AND ROAD SERVICE DISTRICTS - ROAD DISTRICT 1 STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 EXHIBIT B-6 Fund balance at beginning of year Fund balance at end of year 1993 53 Variance - Favorable 1992 Actual (Unfavorable) Actual S 153,740 $ 11,640 $ 142,072 2,937 437 2,573 10,594 594 10,729 - - 1,732 167,271 12,671 157,106 4,990 1,410 4,114 ' 10,597 48,263 26,737 Budget 52,997 Revenues: 48,672 13,904 Property taxes $ 142,100 3,500 Payment in lieu of taxes 2,500 123,654 State sources - shared 135,656 revenue 10,000 ' Other 24,057 Total revenues 154,600 45,507 Expenditures - capital improvements - service district maintenance: Personnel services Repairs and maintenance 6,400 - Snow removal 75,000 Road grading 72,600 Support goods & services 600 Capital outlay - Total expenditures 154,600 Excess of revenues over expenditures $ - Fund balance at beginning of year Fund balance at end of year 1993 53 Variance - Favorable 1992 Actual (Unfavorable) Actual S 153,740 $ 11,640 $ 142,072 2,937 437 2,573 10,594 594 10,729 - - 1,732 167,271 12,671 157,106 4,990 1,410 4,114 10,597 48,263 26,737 71,807 52,997 19,603 48,672 13,904 (13,304) 466 3,500 (3,500) - 123,654 30,946 135,656 43,617 S 43,617 21,450 45,507 24,057 S 89,124 S 45,507 I KODIAK ISLAND BOROUGH EXHIBIT B_7 SPECIAL REVENUE FUNDS FIRE AND ROAD SERVICE DISTRICTS - ROAD WOMEMS BAY STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 Favorable 54 1993 Variance - Favorable 1992 Budget Actual (Unfavorable) Actual Revenues: Property taxes S 65,150 S 75,087 $ 9,937 S 69,435 State sources: Shared revenue 16,000 14,639 (1,361) 15,176 Disaster relief - - - 7,893 Licenses, permits, fees 20,000 20,000 - 20,000 Other - - - 1,732 Total revenues 101,150 109,726 8,576 114,236 Expenditures - capital improvements - service district maintenance: Personnel services 500 942 (442) 491 Snow removal 35,000 23,643 11,357 29,360 Road grading 30,000 10,075 19,925 13,734 Repairs and maintenance 15,000 27,999 (12,999) 9,350 Support goods 8 services 20,650 1,681 18,969 20 Total expenditures 101,150 64,340 36,810 52,955 Excess of revenues over expenditures - 45,386 45,386 61,281 Operating transfers out - - - (10,000) Net operating transfers - - - (10,000) Excess of revenues and operating transfers in over expenditures and operating transfers out $ - 45,386 $ 45,386 51,281 Fund balance at beginning of year 96,395 45,114 Fund balance at end of year S 141,781 $ 96,395 54 KODIAK ISLAND BOROUGH EXHIBIT B-8 ' SPECIAL REVENUE FUNDS FIRE AND ROAD SERVICE DISTRICTS — ROAD BAY VIEW STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 ' 1993 Variance — Favorable 1992 Budget Actual (Unfavorable) Actual Revenues: Property taxes S 3,100 S 3,882 $ 782 E 3,872 State sources — shared ' revenue Total revenues 900 4,000 1,124 5,006 224 1,006 1,295 5,167 Expenditures — capital improvements — service district maintenance: Personnel services — 827 (827) 306 Snow removal 2,000 2,234 (234) 3,992 ' Road grading Repairs and maintenance 2,000 1,100 900 — 143 146 Support goods and services 147 (147) 19 Total expenditures 4,000 4,308 (308) 4,606 Excess of revenues over expenditures $ — 698 $ 698 561 Fund balance beginning at of year 2,397 1,836 Fund balance at end of year E 3,095 S 2,397 55 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS MENTAL HEALTH CENTER STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 19 EXHIBIT B -9 1 i 1 1993 Variance - Favorable Budget Actual (Unfavorable) Revenues: State sources: Alaska Youth Initiative $ - S - $ - Developmental Disability Program - - - Health, Social and Community Services Program 602,700 603,500 800 Division of Family and Youth Services 1,500 1,117 (383) Other - 1,359 1,359 Licenses, permits, fees and other local revenues: Organization user fees 354,890 355,339 449 Individual user fees 223,990 233,105 9,115 Investments and property: Rental fees 36,000 36,000 - Interest 3,000 207 (2,793) Total revenues 1,222,080 1,230,627 8,547 Expenditures - health and sanitation - mental health program: Personnel services 1,254,925 1,162,670 92,255 Travel 38,240 27,148 11,092 Facility 76,400 74,560 1,840 Supplies 28,690 23,284 5,406 Equipment 19,600 14,754 4,846 Capital outlay 30,500 29,535 965 Other 96,425 73,009 23,416 Total expenditures 1,544,780 1,404,960 139,820 Excess (deficiency) of revenues over expenditures (322,700) (174,333) 148,367 Operating transfers in 241,280 241,280 - Operating transfers out - (8,069) (8,069) Net operating transfers 241,280 233,211 (8,069) Excess (deficiency) of revenues and operating transfers in over expenditures and operating transfers out S ( 58,878 $ 1 40,298 Fund balance at beginning of year 266,988 Fund balance at end of year S 325,866 1992 Actual 6 57,157 303,998 611,614 5,546 6,516 257,929 264,451 60,000 42 1,567,253 1,454,436 12,711 130,113 49,918 15,711 80,374 1,743,263 (176,010) 200,000 (9,132) 190,868 14,858 252,130 S 266,988 56 KODIAK ISLAND BOROUGH EXHIBIT B -10 ' SPECIAL REVENUE FUNDS MENTAL HEALTH CENTER SCHEDULE OF EXPENDITURES, AND ACTUAL ' BUDGET YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 1993 Variance - Favorable 1992 ' Budget Actual (Unfavorable) Actual Expenditures - Alaska Youth Initiative: Personnel $ - $ - $ - S 43,937 ' Travel Facility - _ _ - 5,704 Supplies 2,298 Equipment - - - 324 Other - - - 4,891 - - - 57,154 ' Expenditures - Development Disability Program: Personnel - - - 318,710 Travel - - - 749 Facility - - - 22,178 Supplies - - - 25,253 ' Equipment - - - 4,392 Capital outlay - - - - Other - - - 6,423 ' - - - 377,705 ' Expenditures - Health, Social & Community Services Program: Personnel 1,254,400 1,162,482 91,918 1,089,955 Travel 38,240 27,148 11,092 11,962 Facility 75,940 74,135 1,805 99,799 ' Supplies 28,500 23,106 5,394 22,283 Equipment 19,600 14,754 4,846 10,672 Capital outlay 30,500 29,535 965 - ' Other 96,100 72,683 23,417 68,186 1,543,280 1,403,843 139,437 1,302,857 Expenditures - Division of Family & Youth Services: Personnel 525 188 337 1,834 Facility 460 425 35 2,431 Supplies 190 178 12 84 Equipment - - - 324 ' Other 325 326 (1) 874 1,500 1,117 383 5,547 ' Total Expenditures $ 1,544,780 $ 1,404,960 S 139,820 $1,743,263 57 KODIAK ISLAND BOROUGH EXHIBIT B -11 SPECIAL REVENUE FUNDS , COASTAL MANAGEMENT STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE ' BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 t 1993 Variance Favorable 1992 Budget Actual (Unfavorable) Actual C Revenues: ' State sources $ 42,200 $ 44,200 S 2,000 S 32,950 gg Expenditures — planning and f community development: Planning and zoning 42,200 44,200 (2,000) 32,970 f Excess of revenues over E I expenditures $ — — $ — (20) Fund balance at beginning of year (20) — Fund balance at end of year $ (20) $ (20) k S E n. e 58 ' 3 1 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS DAY CARE STATEMENT OF REVENUES, EXPENDITURES, ' TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 EXHIBIT B -12 ' Revenues: State sources Expenditures — health ' and sanitation — day care payments Excess (deficiency) of revenues over expenditures Fund balance at beginning of year Fund balance at end of year 1993 Variance — Favorable 1992 Budget Actual (Unfavorable) Actual S 321,221 $ 273,121 $ (48,100) $ 206,017 321,221 270,745 50,476 219,368 $ — 2,376 $ 2,376 (13,351) 3,828 17,179 S 6,204 E 3,828 59 KODIAK ISLAND BOROUGH EXHIBIT B -13 SPECIAL REVENUE FUNDS EDUCATION STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WI COMPARATTVE TOTALS FOR 1992 fl 1 1 n L I! I� 1 60 1 1993 Variance - Favorable 1992 Budget Actual (Unfavorable) Actual Revenues: State sources $ 15,645,259 $ 15,706,650 $ 61,391 S 15,353,344 Federal through State sources 3,574,882 4,775,367 1,200,485 1,499,447 Federal direct sources 344,902 209,861 (135,041) 198,285 Licenses, permits, fees and other local revenues: Food sales 133,000 142,279 9,279 133,522 Pupil activities 7,000 7,000 - 7,566 Other local revenues 38,395 36,334 (2,061) 34,673 Total revenues 19,743,438 20,877,491 1,134,053 17,226,837 Expenditures: Education support: Regular instruction 9,084,949 8,678,925 406,024 7,937,607 Vocational education instruction 972,760 900,874 71,886 843,143 Correspondence study instruction 115,584 130,703 (15,119) 114,951 Special education instruction 2,158,976 2,033,064 125,912 1,729,074 Gifted and talented instruction 150,384 148,957 1,427 147,689 Bilingual /bicultural instruction 336,933 340,764 (3,831) 242,053 Support services - pupils 957,057 789,671 167,386 1,136,403 School administration 1,276,595 1,304,785 (28,190) 1,229,246 District administration 878,292 828,585 49,707 1,003,293 Operation and maintenance 2,613,838 2,669,939 (56,101) 2,601,211 Food services 373,000 359,948 13,052 355,879 Community services 13,570 13,483 87 14,081 Pupil activities 454,471 456,339 (1,868) 462,172 Pupil transportation 572,300 568,097 4,203 537,173 Total expenditures 19,958,709 19,224,134 734,575 18,353,975 Excess of revenues over expenditures (215,271) 1,653,357 1,868,628 (1,127,138) Operating transfers in 3,200,000 3,200,000 - 3,000,000 Operating transfers out (2,473,658) (2,473,713) (55) (2,179,346) Net operating transfers 726,342 726,287 (55) 820,654 Excess (deficiency) of revenues and operating transfers in over expenditures and operating transfers out $ 5 11,071 2,379,644 $ 1,8 68,573 (306,484) Fund balance at beginning of year 640,229 941,749 Adjustment to reserve for fuel inventory 7,308 4,964 Fund balance at end of year S 3,02 7,181 $ 640,229 fl 1 1 n L I! I� 1 60 1 KODIAK ISLAND BOROUGH ' SPECIAL REVENUE FUNDS LAND SALES STATEMENT OF REVENUES, EXPENDITURES, ' TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 EXHIBIT B -14 Revenues: Land sale proceeds Licenses, permits, fees and other local revenues: Penalty and interest Gravel sales Other ' Investment income Total revenues Expenditures: Personnel services ' Contracted services Support goods and services Capital outlay Total expenditures Excess of revenues over expenditures ' Operating transfers out ' Net operating transfers Excess (deficiency) of revenues and operating transfers in over expenditures and operating ' transfers out Fund balance at beginning of year Fund balance at end of year 1993 Budget Actual $ 456,700 $ 423,911 400 370 95,000 24,901 - 5,250 552,100 454,062 100,000 24,778 652,100 478,840 Variance - Favorable 1992 (Unfavorable) Actual S (32,789) S 431,843 (400) 370 (70,099) 33,958 5,250 250 (98,038) 466,421 (75,222) 66,755 (173,260) 533,176 120,780 115,857 4,923 2,432 5,000 7,181 (2,181) 515 45,615 26,704 18,911 8,687 11,775 16,786 (5,011) 37,000 183,170 166,528 16,642 48,634 468,930 312,312 (156,618) 484,542 (1,117,458) (1,122,891) (5,433) (481,670) (1,117,458) (1,122,891) (5,433) (481,670) $ (648,528) (810,579) $ (162,051) 2,872 1,556,768 1,553,896 $ 746,189 $ 1,556,768 61 KODIAK ISLAND BOROUGH EXHIBIT B -15 SPECIAL REVENUE FUNDS ' BUILDINGS AND GROUNDS E s STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 s 1993 Variance - Favorable 1992 Budget Actual (Unfavorable) Actual Revenues: Investments and property: Rental S 273,620 S 274,606 $ 986 S 272,663 Interest income 16,000 11,853 (4,147) 6,572 Total revenues 289,620 286,459 (3,161) 279,235 , 1 Expenditures - general administration: , School buildings 271,120 248,690 22,430 251,934 Borough building 274,000 263,066 10,934 255,634 Apartments 30,500 33,402 (2,902) 18,253 Refuse collection - - - - Parks operation and maintenance 28,000 23,424 4,576 6,342 Total expenditures 603,620 568,582 35,038 532,163 , Excess (deficiency) of revenues over expenditures (314,000) (282,123) 31,877 (252,928) Operating transfers in 100,000 100,000 - 300,000 ' c Net operating transfers 100,000 100,000 - 300,000 Excess (deficiency) of revenues and , operating transfers in over expenditures and operating transfers out $ ( 214,000) (182,123) S 3 1,877 47,072 ' Fund balance at beginning of year 438,128 391,056 $ 25 6,005 $ 43 8,128 ' Fund balance at end of year i 62 KODIAK ISLAND BOROUGH EXHIBIT B -16 ' SPECIAL REVENUE FUNDS WOODLAND ACRES LIGHTING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE ' TRANSFERS BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WrM COMPARATIVE TOTALS FOR 1992 1993 Variance — ' Favorable 1992 Budget Actual (Unfavorable) Actual ' Revenues: Property taxes $ 7,380 $ 9,880 E 2,500 $ 9,231 State sources — shared revenue — 41 41 — ' Total revenues 7,380 9,921 2,541 9,231 Expenditures — general administration: Electricity 3,000 3,148 (148) 4,336 Capital outlay 4,380 — 4,380 — ' Total expenditures 7,380 3,148 4,232 4,336 Excess of revenues over i ' expenditures $ — 6,773 S 6,773 4,895 Fund balance at beginning of year 6,066 1,171 ' Fund balance at end of $ 1 2,839 $ 6,066 year 63 KODIAK ISLAND BOROUGH EXHIBIT B -17 SPECIAL REVENUE FUNDS d COMMUNI'T'Y AND REGIONAL AFFAIRS g STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE ' BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 1993 Variance Favorable Budget Actual (Unfavorable) 1992 1 Revenues: Miscellaneous $ 7,000 $ 4,413 8 (2,587) $ 2,470 Total revenues 7,000 4,413 (2,587) 2,470 ' Expenditures — general administration: , Support goods and services 7,000 5,302 1,698 4,996 E Total expenditures 7,000 5,302 1,698 4,996 ' Deficiency of revenues over expenditures $ — (889) $ (889) (2,526) , Fund balance at beginning of year (2,526) — Fund balance at end of year S ( 3,415) $ ( 2,526) I I i 64 , I KODIAK ISLAND BOROUGH ' SPECIAL REVENUE FUNDS OIL SPILL CLEANUP STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 I� t Revenues: Exxon reimbursements State sources - ' Department of Environmental Conservation grants Department of Community and Regional Affairs grants Other sources Total revenue ' Expenditures - oil spill clean up: Personal services Fringe benefits Contracted services Support goods and services Capital outlay Legal fees Disbursements to villages Total expenditures Operating transfers: Operating transfers in Net operating transfers Excess (deficiency) of revenues and other financing sources over expenditures and other financing uses Fund balance at beginning of year Fund balance at end of year 1 t EXHIBIT B -18 Project Project Project Variance - to Date to Date 1993 to Date Favorable Budget 1992 Actual 1993 (Unfavorable) $ 2,000,000 $ 1,200,151 $ 109,158 $ 1,309,309 S (690,691) 2,560,000 2,337,280 - 2,337,280 (222,720) 13,600 13,600 - 13,600 - - 2,670 - 2,670 2,670 4,573,600 3,553,701 109,158 3,662,859 (910,741) 555,170 545,522 9,364 554,886 284 9,330 73,866 2,498 76,364 (67,034) - 19,361 92,506 111,867 (111,867) 2,262,600 1,557,321 4,790 1,562,111 700,489 30,373 - 30,373 (30,373) 10,000 169,806 - 169,806 (159,806) 1,936,500 1,139,695 - 1,139,695 796,805 4,773,600 3,535,944 109,158 3,645,102 1,128,498 - - 11,540 11,540 11,540 - - 11,540 11,540 11,540 $ (200,000) 17,757 11,540 29,297 S 229,297 - 17,757 - $ 17,757 $ 29,297 $ 29,297 65 1 DEBT SERVICE FUNDS ' Debt Service Funds are used to account for the payment of principal, interest and related fees on all bonded debt except for special assessment bonded debt accounted for in proprietary funds. J j 1 n I DEBT SERVICE FUND SCHOOL BONDS 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 o the long-term onion of the Borough's vested accrued Y pay g p g annual leave. 1 r 1 J 67 KODIAK ISLAND BOROUGH DEBT SERVICE FUNDS COMBINING BALANCE SHEET JUNE 30, 1993 WITH COMPARATIVE TOTALS FO 1992 EXHIBIT C -1 t Totals School Bonds Other 1993 1992 ASSETS Cash and investments: Equity in central treasury S 492,499 $ 216,290 S 708,789 S 91,705 Temporary cash investments 5,255,089 — 5,255,089 6,043,724 Due from State of Alaska — — — 622,388 Due from general fund — 9,000 9,000 100,000 Accrued interest receivable 99,846 — 99,846 59,990 $ 5 ,847,434 S 225,290 S 6,072,724 $ 6 ,917,807 LIABILITIES AND FUND BALANCES Accounts payable $ 263 $ — S 263 $ — Due to other funds — — — 170,000 Total liabilities 263 — 263 170,000 Fund Balances: Unreserved — Designated for subsequent year expenditures 5,847,171 225,290 6,072,461 6,747,807 $ 5 ,847,434 S 2 S 6 , 0 72,724 S 6,91 7,807 68 I KODIAK ISLAND BOROUGH DEBT SERVICE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TO TA L S FOR 1992 EXHIBIT C -2 Totals School Bonds Other 1993 1992 Revenues: Investments and property - Interest income $ 244,465 $ - $ 244,465 $ 347,882 Miscellaneous 5,000 - 5,000 - Total revenues 249,465 - 249,465 347,882 Expenditures: Debt service: Principal 1,745,833 - 1,745,833 1,685,833 Interest 734,515 734,515 843,656 Fiscal agent fees 1,842 1,842 24,827 Refunding bond issuance costs - - - 136,273 Other Total expenditures 2,482,190 4,162 - 2,482,190 2,694,751 Deficiency of revenues over expenditures (2,232,725) - (2,232,725) (2,346,869) Other financing sources: Operating transfers in: General fund Special revenue funds: - 17,502 17,502 15,774 Mental Health Center - 8,069 8,069 9,132 Education 2,473,713 - 2,473,713 2,179,346 Land sales - 5,433 5,433 - Fire Service District Area 1 - 2,959 2,959 Capital projects funds 525,000 525,000 = Proceeds of refunding bonds - - 4,875,000 Total other financing sources Other financing uses: 2,998,713 33,963 3,032,676 7,079,252 Operating transfers out: Special revenue funds: Fire Service District Area 1 - (1,457) Capital projects funds (1,475,297) i = (1,475,297) (720,000) Payment to refunded bond escrow agent - (4,738,727) Total other financing uses Net other financing sources (1,475,297) 1,523,416 - (1,475,297) (5,460,184) 33,963 1,557,379 1,619,068 Excess (deficiency) of revenues and operating transfers in over expend- itures and operating transfers out (709,309) 33,963 (675,346) (727,801) Fund balances at beginning of year 6,556,480 191,327 6,747,807 7,475,608 Fund balance at end of year S 5, 847,171 $ 225,290 $ 6,072,461 $ 6,747,807 69 KODIAK ISLAND BOROUGH DEBT SERVICE FUNDS SCHOOL BONDS STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 EXHIBIT C-3 1993 Variance — Favorable Budget Actual (Unfavorable) Revenues: Investments and property — Interest income Miscellaneous Total revenues Expenditures: Debt service: Principal Interest Fiscal agent fees Refunding bond issuance costs Other Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Operating transfers in Proceeds of refunding bonds Payment to refunded bond escrow agent Operating transfers out Net other financing sources Excess (deficiency) of revenues and operating transfers in over expend— itures and operating transfers out Fund balance at beginning of year Fund balance at end of year 1992 Actual $ 250,000 $ 244,465 $ (5,535) $ 347,882 — 5,000 5,000 — 250,000 249,465 (535) 347,882 1,745,840 1,745,833 7 1,685,833 750,000 734,515 15,485 843,656 — 1,842 (1,842) 24,827 — — — 136,273 63,000 — 63,000 4,162 2,558,840 2,482,190 76,650 2,694,751 (2,308,840) (2,232,725) 76,115 (2,346,869) 2,913,000 2,998,713 85,713 2,179,346 — — — 4,875,000 (4,738,727) (1,475,297) (1,475,297) — (720,000) 1,437,703 1,523,416 85,713 1,595,619 S ( (709,309) $ 1 61,828 (751,250) 6,556,480 7,307,730 S 5,847,171 $ 6,556,480 1 i i i 70 KODIAK ISLAND BOROUGH DEBT SERVICE FUNDS OTHER STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 EXHIBIT C-4 Expenditures: Termination reserve Total expenditures Operating transfers in: General fund Special revenue funds: Mental Health Center Land Sale Fire Service District Area 1 Total operating transfers in i Operating transfers out: Special revenue funds: Fire Service District Area 1 Total operating transfers out Net operating transfers Excess of expenditures over net operating transfers 1 Fund balance at beginning of year Fund balance at end of year (1,457) — — — (1,457) 9,000 33,963 24,963 23,449 S — 33,963 $ 33,963 23,449 191,327 167,878 $ 225,290 $ 191,327 71 1993 Variance — Favorable 1992 Budget Actual (Unfavorable) Actual S 9,000 S — S 9,000 S — 9,000 — 9,000 — 9,000 17,502 8,502 15,774 — 8,069 8,069 9,132 — 5,433 5,433 - - 2,959 2,959 — 9,000 33,963 24,963 24,906 (1,457) — — — (1,457) 9,000 33,963 24,963 23,449 S — 33,963 $ 33,963 23,449 191,327 167,878 $ 225,290 $ 191,327 71 ' CAPITAL PROJECTS FUNDS Capital Projects Funds are used to account for general govern- ment capital projects financed by general obligation bond issues, intergovernmental grants, contributions from other funds and interest income, exclusive of projects financed by proprietary funds. 1 1 1 L�- J u 1 CAPITAL PROJECTS FUNDS VARIOUS BOROUGH PROJECTS I This fund accounts for a variety of capital projects not accounted for in another fund. SCHOOL BOND IMPROVEMENTS This fund accounts for the proceeds of the Borough general obligation bonds issued for the construction of schools. I 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. SCHOOL MAJOR MAINTENANCE This fund accounts for money transferred from the Land Sales Fund for the major repairs and maintenance of school buildings. Ll A 9 73 KODIAK ISLAND BOROUGH CAPITAL PROJECTS FUNDS COMBINING BALANCE SHEET JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 J Various School I Borough Bond ' Projects Improvements ASSETS 4 Equity in central treasury S 36,032 S 2,314 Temporary investments 2,546,825 361,148 Receivables: 4 State of Alaska — — f Federal Government 182,240 — Accrued interest 15,989 20,133 Accounts receivable Due from other funds — 30,000 Total assets $ 2 ,781,086 $ 413,595 c' LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 530,926 S 19,596 Retainages payable 42,722 — F Due to other funds 354,000 — Deferred revenue — — Total liabilities 927,648 19,596 i Fund Balances: Reserved for encumbrances 1,730,114 18,076 s Unreserved — E Designated for subsequent } years expenditures 123,324 375,923 Total fund balance (deficit) 1,853,438 393,999 2, 781,086 S $ 413,595 f 1r F F is { l 74 E EXHIBIT D -1 School Equipment State School Totals and Capital Major Furnishings Grants Maintenance 1993 1992 $ - S 2,986 $ 5,959 S 47,291 S 266,463 - 200,000 1,917,228 5,025,201 4,651,388 - 105,685 - 105,685 126,182 - - - 182,240 - - 9,085 72,699 117,906 32,211 - - - - 204,827 84,391 - 584,000 698,391 78,391 $ 84,391 S 317,756 S 2, 579,886 S 6,176,714 $ 5,359,462 S - S 8,693 S - $ 559,215 $ 34,795 1,432 - 44,154 55,593 260,000 - 614,000 257,600 119,113 - 119,113 483,368 389,238 - 1,336,482 831,356 - - - 1,748,190 975,171 84,391 (71,482) 2,579,886 3,092,042 3,552,935 84,391 (71,482) 2,579,886 4,840,232 4,528,106 $ 84,391 $ 317,756 $ 2, 579,886 $ 6,176,714 $ 5, 359,462 75 KODIAK ISLAND BOROUGH CAPITAL PROJECTS FUNDS COMBINING STATEMENT OF REVENUES, EXPENDrFURES, TRANSFERS AND CHANGES IN FUND BALANCES (DEFICITS) YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 , Various School Borough Bond Projects Improvements g e Revenues: State sources $ — $ — Federal sources 213,794 — I Licenses, permits, fees and g other local revenues 355 — Investments and property 80,457 19,134 Asbestos settlement 29,108 — Roof claim settlement 6,833 — €; Other — — Total revenues 330,547 19,134 i Expenditures: Capital improvements: Schools 1,904,655 34,394 General 702,468 — Total expenditures 2,607,123 34,394 Excess (deficiency) of revenues over (under) expenditures (2,276,576) (15,260) 1 Operating transfers in 1,645,937 — I l Operating transfers out (11,540) — Net operating transfers 1,634,397 Excess (deficiency) of revenues and operating transfers in over expenditures and i operating transfers out (642,179) (15,260) Fund balances at i beginning of year 2,495,617 409,259 Fund balances (deficits) at end of year $ 1,853,438 $ 393,999 76 EXHIBIT D_2 School Equipment State School Totals and Capital Major Furnishings Grants Maintenance 1993 1992 S - $ 1,048,796 $ - S 1,048,796 $ 799,971 - - - 213,794 - 80,000 - - 80,355 24,505 - 9,958 100,344 209,893 217,309 - - - 29,108 47,196 - - - 6,833 631,095 - - - - 1,000 80,000 1,058,754 100,344 1,588,779 1,721,076 24,000 - - 1,963,049 1,308,945 - 667,351 - 1,369,819 1,349,137 24,000 667,351 - 3,332,868 2,658,082 56,000 391,403 100,344 (1,744,089) (937,006) 21,818 1,000,000 2,667,755 1,512,694 - (525,000) (75,000) (611,540) (100,000) - (503,182) 925,000 2,056,215 1,412,694 56,000 (111,779) 1,025,344 312,126 475,688 28,391 40,297 1,554,542 4,528,106 4,052,418 S 84,391 S (7 $ 2,57 9,886 $ 4, 840,232 S 4,528,106 77 KODIAK ISLAND BOROUGH EXHIBIT D -3 CAPITAL PROJECTS FUNDS SCHEDULE OF CAPITAL PROJECTS YEAR ENDED JUNE 30, 1993 APPROPRIATIONS EXPENDITURES EN CUMBRANCES rr am r M M man man it MM MM M w war UNEXPENDED CURRENT UNENCUMBERED No. PROJECT STATUS PRIOR 1993 TOTAL PRIOR 1993 TOTAL BALANCE ENCUMBRANCES BALANCE Capital Projects - Education 2 410-404 Work of Art - Auditorium Open $33,090 $ 0 $33,090 $9,000 54,500 $13,500 $19,590 $ 0 $19,590 410 -405 Roof, East Elementary Complete 400,000 (400,000) 0 0 0 0 0 0 0 6 410.415 Asbestos Removal Program Open 75,000 0 75,000 63,471 0 63,471 11,529 0 11,529 7 410-417 School Pedestrian Project Complete 92,000 (92,000) 0 0 0 0 0 0 0 10 410421 School Site Acqusition Complete 262,000 (262,000) 0 0 0 0 0 0 0 18 410431 East Elementary Siding /Repair Open 40,000 5,005 45,005 931 44,074 45,005 0 0 0 19 410432 East Elementary Lighting Complete 30,000 (6,585) 23 23,415 0 23,415 0 0 0 20 410433 East Elementary Storm Drain Open 20,000 (7,311) 12,689 0 12,689 12,689 0 0 0 21 410-434 Junior High Steps Repair Complete 4,707 (4,707) 0 0 0 0 0 0 0 22 410 -435 Main Sidewalk Repair Complete 3,567 (3,567) 0 0 0 0 0 0 0 23 410436 Ouzinkie Roof Repair Open 95,000 0 95,000 5,908 5,690 11,598 83,402 0 83 24 410437 Port Lions Shop Porch Dormers Open 30,000 5,332 35,332 6,170 29,162 35,332 0 0 0 25 410-438 Port Lions Paint Open 25,000 4,500 29,500 462 29,067 29,529 (29) 0 (29) 28 410 -441 Old Harbor School Repair Open 525 0 525,000 457,250 3,336 460,586 64,414 0 64,414 29 410442 High School Alteration I Complete 434,000 (434,000) 0 0 0 0 0 0 33 410 -446 High School Roof Maintenance Open 30,000 0 30,000 4,969 6,796 11,765 18,235 0 18,235 34 410-447 Main Elementary Roof Open 1,000,000 (351,173) 648,827 264,588 383,015 647,603 1,224 0 1,224 35 410-448 Chiniak School Water System Open 20,000 0 20,000 0 327 327 19,673 0 19,673 37 4104 Ouzinkie School Paint Open 30,000 (2,652) 27,348 705 26,644 27,349 ) 0 ((150 1 ) 38 410.451 High School Alteration II Open 820,000 (204,460) 615,540 90,674 524,866 615,540 0 0 0 62 410454 Larsen Bay School AHU Open 75,000 (15,384) 59,616 4,564 55,353 59,917 (301) 0 (301) 67 410457 High School Alteration III Open 610,324 1,100,000 1,710,324 11 565,343 565,354 1,144,970 1,395,255 (250,285) 70 410458 Peterson Elem/Fed Open 0 3,740,690 3,740,690 0 213,794 213,794 3,526,896 176,986 3 39 420 -501 Peterson Elementary Open 509,860 0 509,860 31,708 34,260 65,968 443,892 18,076 425,816 40 420.502 Old Harbor School Fencing Complete 20,000 (20,000) 0 0 0 0 0 0 0 41 420.503 Landscaping - Pon Lions Open 15,000 0 15,000 872 134 1,006 13,994 0 13,994 Total Education 5,199,548 3,051,688 8,251,236 964,698 1,939,050 2,903,748 5,347 1,590,317 3,757 Capital Projects - Health 1 410402 Hospital Site Work Open 123,810 0 123,810 0 0 0 123,810 0 123 15 410428 Hospital Oil Spill Open 150,000 40,200 190 85,312 99,519 184,831 5,369 0 5,369 30 410443 Hospital Hot Water Tanks Open 110,000 (1,969) 108 6,244 101,787 108 0 0 0 31 410444 Hospital Laundry Complete 10,040 (10,040) 0 0 0 0 0 0 0 46 430 -605 Hospital Design & Development Open 1,000,000 0 1,000,000 967,029 32,971 1,000,000 0 0 0 50 430.609 Hospital Equipment Open 50,000 0 50,000 8,938 41,062 50,000 0 0 0 4 410407 Hospital Studies Open 0 96,000 96,000 0 62,629 62,629 33 86,663 (53,292) 75 410459 Hospital Boiler Replace Open 0 200,000 200,000 0 1,951 1,951 198,049 0 198,049 Total Health 1,443,850 324,191 1,768,041 1,067,523 339,919 1,407,442 360,599 86,663 273,936 rr am r M M man man it MM MM M w war MM M� M m m m m m� m m m! m m m ME KODIAK ISLAND BOROUGH EXHIBIT D-3 CAPITAL PROJECTS FUNDS SCHEDULE OF CAPITAL PROJECTS YEAR ENDED JUNE 30, 1993 Capital Projects - Other APPROPRIATIONS EXPENDITURES ENCUMBRANCES 3 420-406 Smokey's Clean Up Open 42,000 94,000 136,000 30,993 94,930 125,923 10,077 34,588 UNEXPENDED CURRENT UNENCUMBERED No. PROJECT STATUS PRIOR 1993 TOTAL PRIOR 1993 TOTAL BALANCE ENCUMBRANCES BALANCE 31,050 Capital Projects - Roach 31,050 20,412 0 20,412 10,638 0 10,638 12 410 -425 Dumpster Pads Open 44,500 8 410-418 Chiniak Subdivision Open 389,770 0 389,770 244,132 7,768 251,900 137,870 0 137,870 42 430 -601 Lakeside Improvement Complete 783,590 26,400 809,990 522,450 285,539 807,989 2,001 0 2,001 43 430 -602 Sharatin Road Complete 841,320 0 841,320 637,449 201,951 839,400 1,920 0 1,920 74 410455 Street Signs Open 0 20,000 20,000 0 966 966 19,034 0 19,034 59,842 Total Roads 0 2,OI4,680 46,400 2,061,080 1,404,031 496,224 1,900,255 160,825 0 160 Capital Projects - Other 3 420-406 Smokey's Clean Up Open 42,000 94,000 136,000 30,993 94,930 125,923 10,077 34,588 (24,511) 9 410 -419 King Crab - RFP Complete 78,000 (71) 77,929 64,947 12,982 77,929 0 0 0 11 410-423 Drainage Plan Air Photos Open 31,050 0 31,050 20,412 0 20,412 10,638 0 10,638 12 410 -425 Dumpster Pads Open 44,500 (20,000) 24,500 10,118 1,014 11,132 13,368 0 13,368 13 410-426 Parks Expansion Complete 40,000 (40,000) 0 0 0 0 0 0 0 14 410 -427 New Computer Acquisition Complete 540,500 100,800 641,300 542,119 99,181 641,300 0 0 0 16 410.429 New Parks Open 40,000 40,000 80,000 15,798 17,801 33,599 46,401 0 46,401 17 410 -430 Smokey's Fence Open 70,000 (10,000) 60,000 858 58,984 59,842 158 0 158 26 410.439 Borough Offices Paint Open 15,000 (2,869) 12,131 521 11,610 12 0 0 0 27 410.440 Borough Buildings Paint Open 60,000 (25,572) 34,428 1,238 33,190 34,428 0 0 0 36 410 -449 Underground Tanks Complete 22,362 (22,362) 0 0 0 0 0 0 0 59 410 -452 Cold Weather Training Review Complete 19,068 (5,968) 13,100 9,192 3,908 13,100 0 0 0 61 410.453 KIB Apts. Fire Code Upgrade Open 70,000 114,000 184,000 0 105,788 105,788 78,212 36,622 41,590 66 410.456 Selief Lane Drainage Open 35,000 0 35,000 0 0 0 35,000 0 35,000 48 430.607 Salonie Creek Open 520,000 0 520,000 500,200 7,173 507,373 12,627 0 12,627 54 430 -613 Selief Lane /Von Scheele Way Open 75,000 0 75,000 0 0 0 75 0 75,000 56 430-615 LEPC Grant Complete 9,300 1,715 11 9,074 1,941 11,015 0 0 0 58 430 -616 Waste Characterization Complete 40,000 11,000 51,000 34,314 15,871 50,185 815 0 8I5 63 430.618 Emergency Medical Equipment Complete 5,000 0 5 0 5,000 5,000 0 0 0 64 430 -619 CAP Hangar I Complete 60,000 0 60,000 40,000 20,000 60,000 0 0 0 73 430 -623 CAP Hangar II Open 0 50,000 50 0 23,587 23,587 26,413 0 26,413 69 430 -620 Rural Development Assistance Complete 30,000 0 30,000 0 30,000 30,000 0 0 0 71 430 -621 Solid Waste Disposal Open 0 200 200,000 0 2,256 2,256 197,744 0 197,744 72 430 -622 Bayside Fire Station Open 0 150,000 150,000 0 0 0 150 0 150,000 Total - Capital Projects Other 1,846,780 634,673 2,482,453 1,279,784 545,216 1,825,000 656,453 71 585 Total All Capital Projects $10,504,858 $4,056,952 $14,561,810 $4,716,036 $3,320,409 $8,036,445 $6,525,365 $1,748,190 $4,777,175 '1 1 i7 1 ENTERPRISE FUNDS 1 Enterprise Funds are used to account for Borough operations that are financed and operated in a manner similar to private business enterprises. The intent of the Borough is that the costs (expenses, including depreciation) of providing these services to the general public on a continuing basis are financed or recovered primarily through user charges. 1 r n ENTERPRISE FUNDS SANITARY SERVICES FUND This fund accounts for all activity of the Borough -owned sanitary landfill and garbage collection utility. WATER ENTERPRISE FUND This fund accounts for all activity of the Borough -owned and operated water utility. SEWER ENTERPRISE FUND This fund accounts for all activity of the Borough -owned and operated sewer utility. HOSPITAL ENTERPRISE FUND This fund accounts for all activity of the Kodiak Island Hospital & Care Center. The Hospital is a component unit of the Kodiak Island Borough. The Hospital is operated on behalf of the Borough by the Lutheran Health Systems Management Company. 81 KODIAK ISLAND BOROUGH ENTERPRISE FUNDS COMBINING BALANCE SHEET JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 Totals r Sanitary Water Sewer Services Utility Utility Hospital 1993 1992 ASSETS Current Assets: Equity in central treasury $ 549 $ 655 $ 5,609 $ 314,671 $ 321,484 S 748,196 e Other cash and cash equivalents - - - 14,948 14,948 34,616 549 655 5,609 329,619 336,432 782,812 Receivables: Customers and patients 175,200 46,158 44,953 3,150,427 3,416,738 3,276,523 Other - - - 203,284 203,284 59,173 175,200 46,158 44,953 3,353,711 3,620,022 3,335,696 Less allowance for doubtful receivables - (6,901) (19,663) (1,125,871) (1,152,435) (1,108,362) Net receivables 175,200 39,257 25,290 2,227,840 2,467,587 2,227,334 Prepaid expenses - - - 174,599 174,599 142,464 Inventories - - - 204,817 204,817 209,878 Due from other funds - 116,000 116,000 - 232,000 - Total current assets 175,749 155,912 146,899 2,936,875 3,415,435 3,362,488 Assets whose use is limited: Under malpractice funding arrangement -held by trustee - - - 440,812 440,812 624,899 By donor for specific purpose - - - 17,182 17,182 10,051 Designated for deferred compensation plan participants - - - 73,616 73,616 - Equity in central treasury - 128 128 - 256 17,190 Temporary investments - 504,406 504,406 - 1,008,812 505,674 Interest receivable - - - - - 1,630 Due from general fund - - - - - 200,000 Total restricted assets - 504,534 504,534 531,610 1,540,678 1,359,444 Fixed Assets: Land - - - 40,275 40,275 40,275 Unclassified utility plant in service 2,376,236 5,671,796 9,870,603 - 17,918,635 17,888,386 Hospital building and improvements - - - 4,112,912 4,112,912 4,105,899 Equipment 322,255 - 3,172 2,775,127 3,100,554 2,966,260 2,698,491 5,671,796 9,873,775 6,928,314 25,172,376 25,000,820 Less accumulated depreciation (443,667) (974,746) (1,487,839) (3,731,666) (6,637,918) (5,833,832) 2,254,824 4,697,050 8,385,936 3,196,648 18,534,458 19,166,988 Construction work in progress - 325,250 325,177 - 650,427 69,261 Net fixed assets 2,254,824 5,022,300 8,711,113 3,196,648 19,184,885 19,236,249 Total assets $ 2, 4 3 0,573 $ 5,68 2,746 S 9,3 62,546 $ 6, 665,133 S 24, 140,998 $ 23, 958,181 82 EXHIBIT E-1 Totals Sanitary Water Sewer ' Services Utility Utility Hospital 1993 1992 LIABILITIES AND FUND EQUITIES Current liabilities: Accounts payable S 101,332 $ 27,822 S 29,044 S 301,361 S 459,559 S 375,262 Customer deposits 700 27,465 - - 28,165 23,949 Accrued compensation 18,233 - - 406,614 424,847 407,913 Other accrued liabilities - 5,723 5,723 222,353 233,799 50,000 Deferred revenues 60,645 60,645 121,290 Due to City of Kodiak - 20,360 19,940 - 40,300 24,480 Due to genera[ fund - - - - - 135,000 Due to other funds Current portion of capital 232,000 9,000 - 241,000 - lease obligation _ 101,406 101,406 82,189 352,265 151,015 115,352 1,031,734 1,650,366 1,098,793 Capital lease obligation - - - 277,395 277,395 387,373 Due to deferred compensation plan participants - - - 73,616 73,616 - Total liabilities 352,265 151,015 115,352 1,382,745 2,001,377 1,486,166 Fund Equities: Contributions in aid of construction: City of Kodiak - 189,166 40,000 229,166 229,166 State of Alaska 2,412,453 5,482,630 9,630,603 = 17,525,686 17,525,686 Federal Government 19,990 19,058 219,058 2,237,104 2,495,210 2,437,104 Kodiak Island Borough - - - 1,451,544 1,451,544 1,451,544 Other - 271,524 271,524 - 543,048 - 2,432,443 5,962,378 10,161,185 3,688,648 22,244,654 21,643,500 Accumulated amortization (431,620) (974,692) (1,486,996) - (2,893,308) (2,534,208) Net contributions in aid of construction 2,000,823 4,987,686 8,674,189 3,688,648 19,351,346 19,109,292 Retained earnings: Temporarily restricted - - - 17,182 17,182 10,051 Undesignated 77,485 544,045 573,005 1,576,558 2,771,093 3,352,672 Total retained earnings 77,485 544,045 573,005 1,593,740 2,788,275 3,362,723 Total fund equities 2,078,308 5 9,247,194 5,282,388 22,139,621 22,472,015 Total liabilities and fund equities $ 2,430,573 S 5 ,682,746 $ 9,362,546 S 6 ,665,133 $ 2 4,140,998 S 23,958,181 83 I KODIAK ISLAND BOROUGH ' ENTERPRISE FUNDS STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN ' RETAINED EARNINGS YEAR ENDED JUNE 30, 1993 T TlIT A i n ran i nn� EXHIBIT E -2 ' Revenues: Water sales Sewer service charges Refuse collection Sanitary services fees Patient and resident revenues Installation charges Other ' Total revenues Operating expenses: Personnel services Waste collection Purchased water and sewer treatment Contracted services Repairs and maintenance Depreciation Professional fees Bad debt Supplies ' Interest General administrative Other Total operating expenses ' Operating income (loss) Other income (expense): Interest income State revenue sharing Loss on asset disposal Donor restricted gifts ' Income (loss) before operating transfers ' Operating transfers in Operating transfers out Net operating transfers Net income (loss) Amortization of contributions in aid of construction Increase (decrease) in retained earnings Adjustment for change in year end Retained earnings at beginning of year Retained earnings at end of year 1,669,065 450,078 570,588 9,233,251 Totals Sanitary Water Sewer (136,839) (993,527) (1,177,382) Services Utility Utility Hospital 1993 1992 $ - S 386,666 S - $ - $ 386,666 $ 352,480 - - 429,760 - 429,760 394,028 1,269,525 - - - 1,269,525 1,179,430 380,195 - - - 380,195 250,707 - 5,644 (44,298) 7,838,777 7,838,777 8,450,653 (195,243) 2,154 - - 2,154 1,315 24,991 8,596 3,989 400,947 438,523 240,353 1,674,711 397,416 433,749 8,239,724 10,745,600 10,868,966 320,856 10,869 6,536 5,224,346 5,562,607 5,211,999 1,062,774 - - - 1,062,774 1,046,887 406,979 283,959 305,554 - 589,513 522,657 81,749 - 300 912,016 994,065 850,157 32,134 30,588 34,048 276,316 373,086 329,655 68,985 109,653 197,292 438,099 814,029 843,048 - - - 264,183 264,183 310,628 - - - 397,636 397,636 604,561 - - - 816,286 816,286 831,365 - - - 39,218 39,218 27,592 85,601 4,857 3,368 - 93,826 102,419 16,966 10,152 23,490 865,151 915,759 621,254 1,669,065 450,078 570,588 9,233,251 11,922,982 11,302,222 5,646 (52,662) (136,839) (993,527) (1,177,382) (433,256) (2) 8,364 8,365 62,788 79,515 94,333 - - - 113,866 113,866 134,460 - - - (2,554) - - - 29,992 29,992 11,774 (2) 8,364 8,365 206,646 223,373 238,013 5,644 (44,298) (128,474) (786,881) (954,009) (195,243) - - - 20,460 20,460 193,000 - - - - - (245,694) - - - (20,460) (20,460) (52,694) 5,644 (44,298) (128,474) (766,421) (933,549) (247,937) 52,866 109,645 196,590 - 359,101 406,979 58,510 65,347 68,116 (766,421) (574,448) 159,042 - - - - - (322,059) 18,975 478,698 504,889 2,360,161 3,362,723 3,525,740 $ 77,485 $ 5 44,045 S 573,005 $ 1 , 5 93,740 $ 2,788,275 $ 3, 362,723 1 85 KODIAK ISLAND BOROUGH EXHIBIT E-3 ENTERPRISE FUNDS , COMBINING STATEMENT OF CASH FLOWS JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 j Sanitary Water Sewer Totals 1 Services Utility Utility Hospital 1993 1992 Operating income (loss) S 5,646 $ (52,662 $ (136,839 $ (993,527 $ (1,177,382 $ 433,256 p Adjustments to reconcile operating loss to net cash provided by operating activities: Depreciation 68,985 109,653 197,292 438,099 814,029 843,048 Change in provision for 4 uncollectible accounts - - - 397,636 397,636 604,560 Gain on sale of assets (2,686) - - - (2,686) - Changes in assets and liabilities: Accounts receivable Customers and patients (156,198) 13,361 2,241 (353,180) (493,776) (174,903) Other - - - (144,112) (144,112) 76,618 s Prepaid expenses - - - (32,135) (32,135) (8,264) Inventories, at cost - - - 5,061 5,061 (15,874) Due from other funds 97,000 (7,000) (16,000) - 74,000 (204,400) Other assets (34,668) (34,595) - (69,263) Accounts payable 5,982 4,306 3,125 70,884 84,297 (190,911) Customer deposits - 4,216 - - 4,216 (10,235) Estimated third party settle- ments - (7,795) ' Accrued expenses 2,905 - - 14,029 16,934 (52,756) Due to the City of Kodiak - 8,120 7,700 - 15,820 24,480 1 Due to deferred compensation plan participants - - - 73,616 73,616 - Deferred revenue - 60,645 60,645 - 121,290 - Other accrued liabilities - 5,723 5,723 172,353 183,799 (669,891) Total adjustments 15,988 164,356 226,131 642,251 1,048,726 213,677 Net cash used for E 1 operating activities 21,634 111,694 89,292 (351,276) (128,656) (219,579) , Cash flows from noncapital financing p I activities: State of Alaska, Revenue Sharing payments received - - - 134,326 134,326 134,460 Operating transfers out to other funds - - - - - (52,694) Net cash provided by , noncapital financing activities - - - 134,326 134,326 81,766 E `s i 86 i I KODIAK ISLAND BOROUGH ' ENTERPRISE FUNDS COMBINING STATEMENT OF CASH FLOWS NNE 30, 1993 a WITH COMPARATIVE TOTALS FOR 1992 EXHIBIT E -3, continued Sanitary Water Sewer Services Utilit Utility ' Cash flows from capital and related financing activities: Acquisition and construction of capital assets E Proceeds from sale of equipment Principal payments made on capital lease Receipt of gifts restricted by donor for capital purchases - Net cash used for capital and related financing activities Cash flows from investing activities: Change in assets whose use is limited: Under malpractice funding Totals Hospital 1993 1992 (55,514) S (255,915) S (259,160) S (109,952) S (680,541) $ (208,775) 12,625 - - - 12,625 560 - - - (113,561) (113,561) (101,834) 19,990 290,582 290,582 29,992 631,146 11,774 (22,899) 34,667 31,422 (193,521) (150,331) (298,275) - - 184,087 184,087 (295,786) - - (7,131) (7,131) (904) - - (73,616) (73,616) - 9,177 9,181 62,788 81,146 109,259 ' arrangement - By donor for specific purpose Designated for deferred compensation plan benefits - Interest and dividends on investments - Net cash provided by (used for) _ investing activities Net change in cash and cash equivalents Cash and cash equivalents at beginning of year Adjustment for change in hospital 9,177 9,181 (1,265) 155,538 129,895 1,814 349,651 380,248 166,128 184,486 (187,431) (244,343) 39,825 (623,519) 573,962 1,305,675 2,098,060 ' year -end - - - - - (168,866) Cash and cash equivalents at end of year S 549 $ 505,189 $ 510,143 S 329,619 $ 1,345,500 $ 1,305,675 87 KODIAK ISLAND BOROUGH EXHIBIT E-4 SANITARY SERVICES ENTERPRISE FUND BALANCE SHEET JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 1993 1992 i j ASSETS Current Assets: Equity in central treasury $ 549 $ 1,814 Customer receivables 175,200 19,002 Total current assets 175,749 20,816 , Fixed Assets: Unclassified plant in service 2,376,236 2,345,987 Major moveable equipment 322,255 316,873 2,698,491 2,662,860 Less accumulated depreciation (443,667) (384,624) Net fixed assets 2,254,824 2,278,236 ' } $ 2,430,573 $ 2, 299,052 LIABILITIES AND FUND EQUITY ' Liabilities P Current Liabilities: t Accounts payable $ 101,332 $ 95,350 Customer deposit 700 700 Accrued expenses 18,233 15,328 Due to general fund 232,000 135,000 Total current liabilities 352,265 246,378 ' Fund Equity: Contributions in aid of construction: State of Alaska 2,412,453 2,412,453 Other 19,990 Accumulated amortization (431,620) (378,754) Net contributions in aid of construction 2,000,823 2,033,699 Retained earnings, undesignated 77,485 18,975 ' Total fund equity 2,078,308 2,052,674 x, $ 2, 4 3 0,573 $ 2, 299,052 i a E { z i F 88 L' r KODIAK ISLAND BOROUGH EXHIBIT E-5 ' SANITARY SERVICES ENTERPRISE FUND STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN RETAINED EARNINGS BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 I WITH COMPARATIVE TOTALS FOR 1992 1993 Variance - Favorable 1992 ' Budget Actual (Unfavorable) Actual Revenues: ' Refuse collection $ 1,130,000 $ 1,269,525 $ 139,525 S 1,179,430 Sanitary service fees 272,000 380,195 108,195 250,707 Other 8,000 24,991 16,991 11,717 Total revenues 1,410,000 1,674,711 264,711 1,441,854 Operating expenses: Personnel services 305,960 320,856 (14,896) 297,589 Waste collection Contracted services 902,100 82,823 1,062,774 81,749 (160,674) 1,074 1,046,887 106,511 Repairs and maintenance 32,275 32,134 141 34,648 Depreciation 56,957 68,985 (12,028) 102,142 Support - goods and services 70,724 85,601 (14,877) 99,016 Installation costs 27,266 - 27,266 - ' Recycling effort 15,000 16,966 (1,966) 11,337 ' Total operating expenses 1,493,105 1,669,065 (175,960) 1,698,130 Operating gain (loss) (83,105) 5,646 88,751 (256,276) Other income (expense) Interest earnings - (2) (2) - ' Income (loss) before operating transfers (83,105) 5,644 88,749 (256,276) transfers in 18,000 ' Operating Operating transfer out = (20,694) Net operating transfers - - - (2,694) I Net income $ (83,105) $ 5,644 $ 88,749 $ (258,970) Amortization of contributions in aid of construction 52,866 100,744 Increase in retained earnings 58,510 (158,226) Retained earnings at beginning of year 18,975 177,201 ' Retained earnings at end of year $ 77,485 S 18,975 ' 89 K DIAK ISLAND SLAND BOROUGH EXHIBIT E-6 SANITARY SERVICES ENTERPRISE FUND ' STATEMENT OF CASH FLOWS YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 1993 1992 Operating loss $ 5,646 $ (256,276) 1 Adjustments to reconcile operating loss to net cash provided by operating activities: Depreciation 68,985 102,142 Gain on sale of assets (2,686) — I Changes in assets and liabilities: r Receivable from customers (156,198) 358 Accounts payable 5,982 13,080 Accrued expenses 2,905 5,336 Due to general fund 97,000 135,000 Total adjustments 15,988 255,916 Net cash provided by (used for) operating activities 21,634 (360) ' Cash flows from noncapital financing activities: Operating transfers out to other funds, net — (2,694) Net cash used for noncapital financing activities — (2,694) Cash flow from capital and related financing activities: , Acquisition and construction of capital assets (55,514) (86,717) Proceeds from sale of equipment 12,625 — Receipt of gifts restricted by donor for capital purchases 19,990 Net cash used for capital and related financing activities (22,899) (86,717) Cash flows from investing activities: f Interest and dividends paid on investments — — t Net cash used in investing activities Net change in cash and cash equivalents (1,265) (89,771) ' E Cash and cash equivalents at beginning of year 1,814 91,585 549 S 1,814 Cash and cash equivalents at end of year $ i E f 1 90 i l' KODIAK ISLAND BOROUGH WATER ENTERPRISE FUND BALANCESHEET JUNE 30, 1993 M WrM COMPARATIVE TOTALS FOR 1992 EXHIBIT E-7 1993 1992 1 91 ASSETS ' Current Assets: Equity in central treasury S 655 $ 88,219 Total cash and investments 655 88,219 ' Customer receivables 46,158 59,518 Less allowance for doubtful receivable (6,901) (6,901) Net customer receivables 39,257 52,617 ' Due from sanitary services fund 116,000 Total current assets Restricted Assets: 155,912 140,836 Equity in central treasury 128 8,595 Temporary investments 504,406 252,837 Interest receivable - 815 Due from general fund 100,000 Total restricted assets 504,534 362,247 Fixed Assets: Unclassified utility plant in service 5,671,796 5,671,796 Accumulated depreciation (974,746) (865,094) utility plant in service 4,697,050 4,806,702 ' Net Construction work in progress 325,250 34,667 Net fixed assets 5,022,300 4,841,369 '$ 5,682,746 S 5,3 44,452 LIABILITIES AND FUND EQUITY Liabilities: Current liabilities: ' Accounts payable $ 27,822 $ 23,516 Other accrued liabilities 5,723 - Deferred revenues 60,645 - Customer deposits 27,465 23,249 Due to City of Kodiak 20,360 12,240 Due to debt service fund 9,000 Total liabilities 151,015 59,005 Fund Equity: Contributions to aid of construction: City of Kodiak 189,166 189,166 State of Alaska 5,482,630 5,482,630 Federal government 19,058 Other 271,524 5,962,378 5,671,796 Accumulated amortization (974,692) (865,047) Net contributions in aid of construction 4,987,686 4,806,749 Retained earnings, undesignated 544,045 478,698 ' Total fund equity 5,531,731 5,285,447 $ 5, 6 8 2,746 S 5, 344,452 1 91 n KODIAK ISLAND BOROUGH WATER ENTERPRISE FUND STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN RETAINED EARNINGS BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 EXHIBIT E-8 ' ' 1993 , Variance - Favorable 1992 Budget Actual (Unfavorable) Actual ' Revenues: Water sales $ 350,000 S 386,666 S 36,666 $ 352,480 Installation charges 2,500 2,154 (346) 1,315 Other 100 8,596 8,496 25,077 , Total revenues 352,600 397,416 44,816 378,872 Operating expenses: Personnel services 25,000 10,869 14,131 11,304 ' Purchased water 230,400 283,959 (53,559) 250,699 Repairs and maintenance 33,500 30,588 2,912 27,419 Depreciation 29,600 109,653 (80,053) 109,653 Testing 8,000 - 8,000 - ' Advertising and hearings 500 - 500 25 Insurance and bonding - 572 (572) - 697 Printing and binding 500 351 741 149 359 748 Office supplies and postage 1,100 252 t Fuel - 212 (212) Small tools 500 10,152 (9,652) 13,212 Continuing Education 4,000 2,981 1,019 - Total operating expenses 333,100 450,078 (116,978) 414,009 ' Operating income (loss) 19,500 (52,662) (72,162) (35,137) Other income: Interest earnings 5,000 8,364 3,364 16,153 ' Income (loss) before operating transfers 24,500 (44,298) (68,798) (18,984) ' Operating transfers in - - - - 87,500 (200,000) Operating transfers out - - Net operating transfers - - - (112,500) Net income (loss) $ 24,500 (44,298) S ( 68,798) (131,464) Amortization of contributions 109,645 109,645 in aid of construction Increase (decrease) in retained earnings 65,347 (21,839) Retained earnings at beginning of year 478,698 500,537 Retained earnings at end of year $ 54 4,045 $ 4 78,698 92 KODIAK ISLAND BOROUGH EXHIBIT E-9 ' WATER ENTERPRISE FUND STATEMENT OF CASH FLOWS YEAR ENDED JUNE 30, 1993 ' WITH COMPARATIVE TOTALS FOR 1992 1993 1992 ' Operating loss $ (52,662) S (35,137) Adjustments to reconcile operating loss to net cash provided by operating activities: Depreciation 109,653 109,653 Change in provision for uncollectible accounts — ( ' Changes in assets and liabilities: Receivable from customers 13,361 (38,757) Due from general fund, restricted 100,000 (100,000) Due from other funds (107,000) _ ' Other assets (34,668) Accounts payable 4,306 (63,641) Customer deposits 4,216 (10,235) Due to City of Kodiak Deferred revenue 8,120 60,645 12,240 — Other accrued liabilities 5,723 ' Total adjustments 164,356 (90,741) Net cash provided by (used for) operating activities 111,694 (125,878) ' Cash flows from noncapital financing activities: Operating transfers out to other funds, net — (112,500) Net cash used for noncapital financing activities — (112,500) ' Cash flows from capital and related financing activities: Acquisition and construction of capital assets (255,915) (10,195) Receipt of gifts restricted by donor for capital purchases 290,582 — Net cash used for capital and related financing activities 34,667 (10,195) Cash flows from investing activities: interest and dividends paid on investments 9,177 23,616 ' Net cash provided by investing activities 9,177 23,616 Net change in cash and cash equivalents 155,538 (224,957) Cash and cash equivalents at beginning of year 349,651 574,608 Cash and cash equivalents at end of year $ 505,189 $ 349,651 93 KODIAK ISLAND BOROUGH EXHIBIT E_10 SEWER ENTERPRISE FUND ' BALANCE SHEET JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 1993 1992 1 ASSETS , } Current Assets: Equity in central treasury $ 5,609 $ 118,817 Customer receivables 44,953 47,194 Less allowance for doubtful accounts (19,663) (19,663) F Net customer receivables 25,290 27,531 Due from sanitary services fund 116,000 - Total current assets 146,899 146,348 Restricted Assets: ' Equity in central treasury 128 8,595 Temporary investments 504,406 252,837 Interest receivable - 815 , Due from general fund - 100,000 Total restricted assets 504,534 362,247 Fixed Assets: Unclassified utility plant in service 9,870,603 9,870,603 Machinery and equipment 3,172 - Accumulated depreciation (1,487,839) (1,290,548) Net utility plant in service 8,385,936 8,580,055 , i Construction work in progress 325,177 34,594 Net fixed assets 8,711,113 8,614,649 S 9,362,546 S 9,1 23,244 s LIABILITIES AND FUND EQUITY , Liabilities: Current Liabilities: Payable from current assets: f Accounts payable $ 29,044 $ 25,919 ' Other accrued liabilities 5,723 - Deferred revenues 60,645 - E Due to City of Kodiak 19,940 12,240 Total liabilities 115,352 38,159 ' Fund Equity: Contributions in aid of construction: City of Kodiak 40,000 40,000 ' State of Alaska 9,630,603 9,630,603 Federal government 219,058 200,000 Other 271,524 - e 10,161,185 9,870,603 ' Accumulated amortization (1,486,996) (1,290,407) `r Net contributions in aid of construction 8,674,189 8,580,196 ' Retained earnings, undesignated 573,005 504,889 Total Fund Equity 9,247,194 9,085,085 $ 9, 362,546 S 9, 1 23 ,244 t E 94 ' i KODIAK ISLAND BOROUGH EXHIBIT E-11 SEWER ENTERPRISE FUND STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN RETAINED EARNINGS BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 J 95 1993 Variance - Favorable 1992 ' Budget Actual (Unfavorable) Actual Revenues: ' Sewer service charges $ 374,400 $ 429,760 $ 55,360 S 394,028 Other 3,989 3,989 23,387 Total revenues 374,400 433,749 59,349 417,415 Operating expenses: Personnel services 21,000 6,536 14,464 8,620 Purchased sewer treatment 259,200 305,554 (46,354) 271,958 ' Contracted services Repairs and maintenance - 3,000 300 34,048 (300) (31,048) - 42,738 Depreciation 69,200 197,292 (128,092) 196,612 Operating supplies 2,000 109 1,891 88 Electric 16,000 16,509 (509) 17,429 Fuel - 190 (190) 188 ' Advertising and hearings 500 - 500 94 Printing and binding 500 351 149 697 Office supplies and postage 700 622 78 614 Capital outlay Smatl tools = 10,153 (3,172) (10,153) 3,172 13,212 3,172 Continuing Education 2,300 2,096 204 Total operating expenses 374,400 570,588 (196,188) 555,422 ' Operating loss - (136,839) (136,839) (138,007) Other income: Interest income - 8,365 8,365 15,035 ' Loss before operating transfers (128,474) (128,474) (122,972) Operating transfers in - - - 87,500 ' Operating transfers out - - - (25,000) Net operating transfers - - - 62,500 ' Net loss $ (128,474) S (128,474) (60,472) Amortization of contributions in aid of construction 196,590 196,590 ' Increase in retained earnings Retained earnings at beginning of 68,116 136,118 year 504,889 368,771 Retained earnings at end of year $ 573,005 $ 504,889 1 J 95 KODIAK ISLAND BOROUGH EXHIBIT E -12 SEWER ENTERPRISE FUND STATEMENT OF CASH FLOWS YEAR ENDED JUNE 30, 1993 1 WITH COMPARATIVE TOTALS FOR 1992 1993 1992 Operating loss $ (136,839) S (138,007) Adjustments to reconcile operating loss to net cash provided by operating activities: Depreciation 197,292 196,612 Changes in assets and liabilities: Receivable from customers 2,241 5,788 Due from other funds, restricted 100,000 (100,000) Due from sanitary services fund (116,000) ' Other assets (34,595) _ Deferred revenue 60,645 — Accounts payable 3,125 4,934 Due to City of Kodiak 7,700 12,240 ' Other accrued liabilities 5,723 Total adjustments 226,131 119,574 Net cash provided by operating activities 89,292 (18,433) ' Cash flows from noncapital financing activities: Operating transfers in from other funds, net — 62,500 Net cash provided by noncapital financing activities — 62,500 Cash flows from capital and related financing activities: ' Acquisition and construction of capital assets (259,160) (18,396) Receipt of gifts restricted by donor for capital purchases 290,582 — Net cash provided by (used for) capital and related financing activities 31,422 (18,396) Cash flows from investing activities: ' Interest and dividends paid on investments 9,181 22,498 ' Net cash provided by investing activities 9,181 22,498 Net change in cash and cash equivalents 129,895 48,169 Cash and cash equivalents at beginning of year 380,248 332,079 Cash and cash equivalents at end of year $ 510,143 $ 380,248 97 KODIAK ISLAND BOROUGH HOSPITAL ENTERPRISE FUND BALANCE SHEET JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 1993 1992 ASSETS Current assets; Equity in central treasury $ 314,671 S 539,346 Other cash and cash equivalents 14,948 34,616 ' 329,619 573,962 Receivables: Patients 3,150,427 3,150,809 ' Other 203,284 59,173 Less allowance for doubtful receivables (1,125,871) (1,081,798) Net receivables 2,227,840 2,128,184 Prepaid expenses 174,599 142,464 Inventories, at cost 204,817 209,878 Total current assets 2,936,875 3,054,488 Assets — use of which is limited or restricted: ' Under malpractice funding arrangement — held by trustee 440,812 624,899 Designated for deferred compensation plan benefits 73,616 — By donor for specific purpose 17,182 10,051 531,610 634,950 Fixed assets: Land 40,275 40,275 Buildings and improvements 4,112,912 4,105,899 Equipment 2,775,127 2,649,387 6,928,314 6,795,561 Less accumulated depreciation (3,731,666) (3,293,566) Net fixed assets 3,196,648 3,501,995 , S 6, 665,133 S 7,191,433 98 1 EXIIIBIT E -13 LIABILITIES AND FUND EQUITY Current liabilities: Accounts payable Accrued expenses Estimated malpractice costs Current portion — capital lease obligation 1 Total current liabilities 1 Capital lease obligation Due to deferred compensation plan participants 1 Fund equities: Contributions in aid of construction: Federal government Kodiak Island Borough Fund balance: Temporarily restricted Undesignated 1 Total fund equity 1 1 i 1 1 1 1 99 1993 1992 E 301,361 $ 230,477 406,614 392,585 222,353 50,000 101,406 82,189 1,031,734 755,251 277,395 387,373 73,616 — 1,382,745 1,142,624 2,237,104 2,237,104 1,451,544 1,451,544 3,688,648 3,688,648 17,182 10,051 1,576,558 2,350,110 5,282,388 6,048,809 S 6, 665,133 S 7, 191,433 KODIAK ISLAPTD BOROUGH HOSPITAL ENTERPRISE FUND STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN RETAINED EARNINGS YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 19 EXHIBIT E -14 1993 1992 Revenues: Patient and resident service revenue S 8,964,648 S 9,532,451 Less allowance for uncollectible accounts (1,125,871) (1,081,798) Net patient and service revenues 7,838,777 8,450,653 Other 400,947 180,172 Total operating revenues 8,239,724 8,630,825 Operating expenses: Salaries and wages 3,952,984 3,730,348 Employee benefits 1,271,362 1,164,138 Professional fees 264,183 310,628 Purchased services 912,016 743,646 Repair, maintenance, and rentals 276,316 224,850 Depreciation 438,099 434,641 Bad debts 397,636 604,561 Supplies 816,286 831,365 Interest 39,218 27,592 Other 865,151 562,892 Total operating expenses 9,233,251 8,634,661 Operating loss (993,527) (3,836) Other income (expense) and operating transfers: Interest income 62,788 63,145 State revenue sharing 113,866 134,460 Loss on asset disposal — (2,554) Donor — restricted gifts 29,992 11,774 Operating transfers in 20,460 — Total other income (227,106) 206,825 Net income (loss) (766,421) 202,989 Adjustment for change in year end — (322,059) Retained earnings at beginning of year 2,360,161 2,479,231 Retained earnings at end of year $ 1,593,740 $ 2 ,360,161 100 1 101 KODIAK ISLAND BOROUGH HOSPITAL ENTERPRISE FUND STATEMENT OF CASH FLOWS YEAR ENDED JUNE 30, 1993 WITH COMPARATIVE TOTALS FOR 1992 EXHIBIT E-15 1993 1992 1 Operating loss $ (993,527) $ (3,836) Adjustments to reconcile operating loss to net cash provided by operating activities: Depreciation 438,099 434,641 Change in provision for uncollectible accounts 397,636 604,561 Changes in assets and liabilities: Accounts receivable — ' Patients (353,180) (142,292) Other (144,112) 76,618 Prepaid expenses (32,135) (8,264) Inventories, at cost 5,061 (15,874) Accounts payable 70,884 (145,284) Estimated third —party payor settlements (7,795) Accrued expenses 14,029 (58,092) Estimated malpractice costs 172,353 (669,891) Due to general fund — (139,400) Due to deferred compensation plan participants 73,616 Total adjustments 642,251 (71,072) Net cash used for operating activities (351,276) (74,908) Cash flows from noncapital financing activities: State of Alaska, Revenue Sharing payments received 134,326 134,460 Net cash used for noncapital financing activities 134,326 134,460 Cash flows from capital and related financing activities: Acquisition and construction of capital assets (109,952) (93,467) Proceeds from sale of assets 560 Principal payments made on capital lease (113,561) (101,834) Receipt of gifts restricted by donor for capital purchases 29,992 11,774 Net cash used for capital and related financing activities (193,521) (182,967) Cash flows from investing activities: Change in assets whose use is limited: Under malpractice funding arrangement 184,087 (295,786) Designated for deferred compensation plan benefits (73,616) — i By donor for specific purpose (7,131) (904) Interest and dividends on investments 62,788 63,145 ' Net cash used for investing activities 166,128 (233,545) Net change in cash and cash equivalents (244,343) (356,960) ' Adjustment for change in year end — (168,866) Cash and cash equivalents at beginning of year 573,962 1,099,788 ' Cash and cash equivalents at end of year $ 329,619 $ 573,962 1 101 G 1 u AGENCY FUNDS Agency Funds are used to account for resources received and held by the Borough in a fiduciary capacity for individuals, private organizations, other governments and for other funds. 1 1 5 1 7-1 1 C� I STUDENT ACTIVITIES FUND AGENCY FUNDS I This fund accounts for the operations of 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 Internal Revenue Code Section 457 Deferred Compensation Plan. 1� 1 1 103 KODIAK ISLAND BOROUGH EXHIBIT F -1 AGENCY FUNDS COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES YEAR ENDED JUNE 30, 1993 Balance at Balance at July 1, 1992 Additions Deletions June 30, 1993 TOTALS — ALL AGENCY FUNDS ' ASSETS Cash and cash equivalents S 142,622 $ — $ (2,386) $ 140,236 Other receivables 440 — (440) — Investments (at market value) 837,084 116,614 — 953,698 $ 9 S 116,614 $ (2,826) $ 1, 093,934 ' LIABILITIES Accounts payable $ 1,886 $ — $ (1,754) $ 132 Due to student organizations 141,176 (1,072) 140,104 Due to participants 837,084 116,614 — 953,698 $ 9 $ 1 $ (2,826) S 1, 093,934 , DEFERRED COMPENSATION FUND ASSETS Investments (at market value) $ 8 $ 1 $ — S 953,698 LIABILITIES Due to participants $ 8 $ 1 $ — S 953,698 STUDENT ACTIVITIES FUND ASSETS Cash and cash equivalents $ 142,622 $ — S (2,386) S 140,236 Other receivables 440 — (440) — S 143,062 $ — $ (2, 826) S 14 LIABILITIES Accounts payable Due to $ 1,886 $ — $ (1,754) S 132 , student organizations 141,176 — (1,072) 140,104 S 143,062 $ — S (2,826) $ 140,236 104 ' 1 �I 1 1 u 1 fl GENERAL FIXED ASSETS ACCOUNT GROUP The General Fixed Assets Account Group is a self - balancing account group which is used to account for the fixed assets of the Borough other than those recorded in the Enterprise Funds. KODIAK ISLAND BOROUGH EXHIBIT G -1 ' GENERAL FD{ED ASSETS ACCOUNT GROUP SCHEDULE OF MED ASSETS BY SOURCE JUNE 30, 1993 General fixed assets: ' Land E 8,060,221 Buildings 67,222,196 Improvements other than buildings 842,139 Machinery and equipment 5,157,641 Construction work in progress 1,180,894 8 '$ Investment in general fixed assets: Capital Projects Funds: ' General obligation bonds $ 47,666,684 Federal grants 608,969 State grants 14,171,453 ' General Fund revenues Special Revenue Fund revenues 5,024,357 3,255,985 Contributions from State of Alaska 10,476,343 Contributions from Federal Government 1,259,300 S 82,463,091 105 KODIAK ISLAND BOROUGH EXHIBIT G -2 GENERAL FIXED ASSETS ACCOUNT GROUP SCHEDULE OF GENERAL FDCED ASSETS BY FUNCTION AND ACTIVITY YEAR ENDED JUNE 30, 1993 106 Improvements Machinery Other Than and Total Land Buildings Buildings Equipment Staff agencies: Borough mayor $ 20,884 $ - $ - $ - $ 20,884 Borough clerk 19,006 - - - 19,006 Finance 61,678 - - - 61,678 Assessing 25,832 - - - 25,832 Community development 101,838 - - - 101,838 Engineering /Facilities 66,795 - - - 66,795 Data services 1,279,557 - - - 1,279,557 Resource management 7,731 - - - 7,731 General administration 126,003 - - - 126,003 Mental health 89,528 - - - 89,528 Total staff agencies 1,798,852 - - - 1,798,852 Public safety: Emergency preparedness 219,243 - 100,000 - 119,243 Fire Protection Area 1 961,235 241,136 455,584 - 264,515 Bell's Flats Fire District 627,704 - 425,655 - 202,049 Total public safety 1,808,182 241,136 981,239 - 585,807 Schools 60,717,259 - 60,717,259 - - School equipment 2,772,982 - 2,772,982 Teacher housing 125,715 - 125,715 - - General governmental buildings 4,397,983 - 4,397,983 - - Building sites 403,132 403,132 - - - Playgrounds 710,239 - - 710,239 - Other 1,131,900 - 1,000,000 131,900 - Total general fixed assets allocated to functions 73,866,244 644,268 67,222,196 842,139 5,157,641 Undeveloped land 7,415,953 7,415,953 - - - 81,282,197 8,060,221 67,222,196 842,139 5,157,641 Construction work in progress 1,180,894 - 1,180,894 - - Total general fixed assets $ 82,463,091 S 8,060,221 S 68,403,090 S 842,139 S 5,157,641 106 I KODIAK ISLAND BOROUGH EXHIBIT G.3 GENERAL FIXED ASSETS ACCOUNT GROUP SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY . YEAR ENDED JUNE 30, 1993 ' Total staff agencies ' Public safety: Emergency preparedness Fire Protection Area 1 Bell's Flats Fire District Total public safety ' Schools School equipment Teacher housing General government buildings Building sites Playgrounds Other ' Total general fixed assets 1,065,659 733,193 198,843 20,400 - 720,099 241,136 - 616,199 11,505 - 1,535,141 General Fixed Assets at - 125,715 General Fixed Assets at 8,719 - 4,397,983 July 1, 1992 Additions Deductions June 30, 1993 710,239 Staff agencies: - 710,239 131,900 1,000,000 - 1,131,900 Borough mayor E 20,884 S - S - S 20,884 Borough clerk 19,006 - 19,006 ' Finance 59,000 2,678 = 61,678 Assessing 24,232 1,600 - 25,832 Community development 96,838 5,000 - 101,838 Engineering /Facilities 66,795 - - 66,795 ' Data services 586,477 693,080 1,279,557 Resource management 7,731 7,731 General administration 124,703 1,300 - 126,003 Mental health 59,993 29,535 - 89,528 ' Total staff agencies ' Public safety: Emergency preparedness Fire Protection Area 1 Bell's Flats Fire District Total public safety ' Schools School equipment Teacher housing General government buildings Building sites Playgrounds Other ' Total general fixed assets 1,065,659 733,193 198,843 20,400 - 720,099 241,136 - 616,199 11,505 - 1,535,141 273,041 - 1,798,852 219,243 961,235 627,704 1,808,182 59,294,591 1,422,668 - 60,717,259 2,580,427 276,272 83,717 2,772,982 125,715 - - 125,715 4,389,264 8,719 - 4,397,983 110,648 292,484 - 403,132 710,239 - - 710,239 131,900 1,000,000 - 1,131,900 allocated to functions 69,943,584 4,006,377 83,717 73,866,244 Undeveloped land 7,395,667 20,286 - 7,415,953 Construction work in progress 1,801,632 1,180,894 1,801,632 1,180,894 ' Total general fixed assets S 79,140,883 $ 5,207,557 S 1,885,349 $ 82,463,091 107 F u 1 LI 1 1 1 1 GENERAL LONG -TERM DEBT ACCOUNT GROUP The General Long Term Debt Account Group is a self - balancing account group which is used to account for unmatured general long -term debt and other obligations backed by the full faith and credit of the Borough except those long -term obligations which are required to be accounted for in the proprietary fund types and trust funds. 1 KODIAK ISLAND BOROUGH ' GENERAL LONG —TERM DEBT ACCOUNT GROUP SCHEDULE OF LONG —TERM DEBT YEAR ENDED JUNE 30, 1993 ATM COMPARATIVE FIGURES FOR 1992 EXHIBIT H -1 ' Amount available and to be provided for the payment of general long —term debt: Amount available in Debt Service Funds: ' School serial bonds Accrued annual leave Amount to be provided: School serial bonds Environmental Protection Agency ' General obligation school bonds: 1991 Refunding 1989 Refunding ' Environmental Protection Agency loan Accrued annual leave 109 1993 1992 S 5,847,169 $ 6,556,480 225,292 191,327 6,072,461 6,747,807 4,622,831 5,638,520 239,581 260,414 4,862,412 5,898,934 $ 10 ,9 3 4,873 $ 12,646,741 $ 3,045,000 $ 4,090,000 7,425,000 8,105,000 10,470,000 12,195,000 239,581 225,292 464,873 S 10 ,934,873 260,414 191,327 451,741 S 12,646,741 i� 1 1 F� I 0 j ADDITIONAL INFORMATION BONDED INDEBTEDNESS The following schedules reflect total bonded indebtedness of the Borough by bond issue. Each issue outstanding is reflected by date, interest rate, inclusive bond numbers, and amount of principal and interest due. Total indebtedness is reflected on a summary page of all debts not defeased. r ' EXHIBIT I -1 KODIAK ISLAND BOROUGH KODIAK, ALASKA SUMMARY OF BONDED DEBT SERVICE REQUIREMENTS TO MATURITY JUNE 30, 1993 1 Annual principal and interest requirements on General Obligation School Refunding Bonds Fiscal Year Principal Interest Total 1994 $ 1,755,000 $ 633,379 $ 2,388,379 1995 1,795,000 527,247 2,322,247 1996 1,835,000 1997 890,000 415,670 320,937 2,250,670 1,210,937 1998 945,000 258,311 1,203,311 1999 1,015,000 190,928 1,205,928 2000 1,080,000 118,380 1,198,380 ' 2001 1,155,000 40,425 1,195,425 $ 10,470,000 S 2,505,277 $ 12,975,277 1 r i 1 r 1 r r 111 1 EXHIBIT I -2 KODIAK ISLAND BOROUGH KODIAK, ALASKA GENERAL OBLIGATION SCHOOL MTROVEMENT BONDS, 1991 SERIES A RET REMENT SCHEDULE This issue, dated July 15, 1991, was issued as registered bonds under a book entry system registered in the name of Cede & Company, as Nominee of The Depository Trust Company, New York, New York, the securities depository for the 1991 Bonds. Bonds are retired serially in numerical order over a period of five years. Retirement dates are semiannually beginning on December 1, 1991 and semi— annually thereafter. These bonds are not subject to redemption prior to maturity. This issue was marketed by John Nuveen & Co. Legal opinion was rendered by bond counsel, Wohlforth & Flint of Anchorage. Bonds were issued to refund the 1986 A issue. Bonds are payable at Security Pacific National Bank (formerly Rainier) Seattle, Washington. 112 Interest Maturity Rate Principal Interest Total December 1, 1993 5.30% 780,000 85,465 865,465 June 1, 1994 5.60 250,000 64,795 314,795 i December 1, 1994 5.60 765,000 57,795 822,795 June 1, 1995 5.80 250,000 36,375 286,375 ' December 1, 1995 5.80 750,000 29,125 779,125 June 1, 1996 5.90 250,000 7,375 257,375 ' $ 3,045,000 $ 280,930 $__3,325,930 112 r I EXHIBIT I-3 1 113 KODIAK ISLAND BOROUGH KODIAK, ALASKA GENERAL OBLIGATION SCHOOL REFUNDING BONDS, SERIES 1989 RETIREMENT SCHEDULE This issue dated May 1 1989 consists of 2,000 bonds in the amount of $5,000 each totaling $10,000,000. Bonds numbered 1 through 379 have been retired. Bonds number 380 through 2,000 bear interest at the rate indicated below. Bonds are retired serially in numeral order over a period of 10 years. Retirement date is August 1 of each year beginning in 1989. Bonds maturing in 1997 and after are callable beginning in 1997 and this call privilege may be exercised. This issue was marketed by John Nuveen & Co. of Chicago. Legal opinion was rendered by bond counsel, Wohlforth, Argetsinger, Johnson & Brecht of Anchorage. Bonds were issued to refund the 1980 issue. Bonds are payable at Bank of America, Seattle, Washington. Bond Principal Interest Interest Fiscal Interest Numbers Due Due Due Year Rate Inclusive August 1 August 1 February 1 Total 1994 6.65 516 -660 S 725,000 $ 253,612 S 229,506 S 1,208,118 ' 1995 6.65 661 -816 780,000 229,507 203,571 1,213,078 1996 6.70 817 -983 835,000 203,571 175,599 1,214,170 1997 6.80 984 -1161 890,000 175,599 145,339 1,210,938 1998 6.85 1162 -1350 945,000 145,338 112,972 1,203,310 1999 6.90 1351 -1553 1,015,000 112,973 77,955 1,205,928 2000 6.95 1554 1,080,000 77,955 40,425 1,198,380 -1769 2001 7.00 1770 -2000 1,155,000 40,425 — 1,195,425 ' $ 7,425,000 S 1,238,980 $ 985,367 $ 9,649,347 * Maturities on and after August 1, 1997 are callable at par on this and any interest date thereafter. 1 113 1 EXHIBIT I-4 , KODIAK ISLAND BOROUGH KODIAK, ALASKA ASBESTOS REMOVAL LOAN PAYABLE RETIREMENT SCHEDULE This debt was incurred June 24, 1985 as part of a package from the U.S. Environmental Protection Agency. This package was for $750,000. One half ($375,000) was a grant (EPA Grant J 851002 010) and the other half was a loan. The loan is repayable semi— annually in the amounts indicated below. Semi annual payments are made directly to the U.S. Environmental Protection Agency; Financial management Center; P.O. Box 371293M; Pittsburgh, PA 15251. This is not general obligation debt. Legal opinion was rendered by bond counsel, Wohlforth, Argetsinger, Johnson & Brecht of Anchorage. 114 Principal Principal Fiscal Interest Due Due Interest Year Rate* December 31 June 30 Due* Total 1994 7.00% S 10,416.67 S 10,416.67 $ — S 20,833.34 1995 7.00 10,416.67 10,416.67 — 20,833.34 1996 7.00 10,416.67 10,416.67 — 20,833.34 1997 7.00 10,416.67 10,416.67 — 20,833.34 1998 7.00 10,416.67 10,416.67 — 20,833.34 1999 7.00 10,416.67 10,416.67 — 20,833.34 2000 7.00 10,416.67 10,416.67 — 20,833.34 2001 7.00 10,416.67 10,416.67 — 20,833.34 2002 7.00 10,416.67 10,416.67 — 20,833.34 2003 7.00 10,416.67 10,416.67 — 20,833.34 2004 7.00 10,416.67 10,416.67 — 20,883.34 2005 7.00 10,414.07 — — 10,414.07 $ 124,997.44 S 114,583.37 $ — $ 239,580.81 * No interest is payable until a payment due is in default; then interest, penalties and fees become due. 114 1 J 1 1 11 STATISTICAL SECTION Statistical Tables provide report users with a better historical perspective in assessing current financial status and trends of the Borough. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 TABLE I KODIAK ISLAND BOROUGH KODIAK, ALASKA GENERAL GOVERNMENTAL EXPENDITURES AND OTHER USES BY FUNCTION (a) LAST TEN FISCAL YEARS (a) Includes general fund only. (b) Includes operating transfers for this function. Source: Borough general ledger 115 Other Fiscal General Health and Operating Year Government Sanitation (b) Education (b) Transfers Total 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 1988 1,964,710 545,954 2,177,405 890,000 5,578,069 1989 2,208,351 517,112 2,128,997 768,100 5,622,560 1990 2,478,619 367,921 2,334,650 553,312 5,734,502 1991 2,791,798 621,000 2,143,633 460,325 6,016,756 1992 2,739,848 706,251 3,027,510 500,000 6,973,603 1993 2,955,824 674,032 3,374,721 137,962 7,142,539 (a) Includes general fund only. (b) Includes operating transfers for this function. Source: Borough general ledger 115 TABLE 2 KODIAK ISLAND BOROUGH KODIAK, ALASKA GENERAL REVENUES BY SOURCE (a) LAST TEN FISCAL YEARS Licenses, Inter — I Fiscal Permits Governmental Operating Year Taxes and Fees Revenue Miscettaneous Transfers Total 1984 $1,844,572 $78,973 $2,542,441 5421,808 $121,160 $5,008,954 1985 1,868,049 66,236 2,365,386 454,218 15,000 4,768,889 ' 1986 2,065,440 137,635 2,277,655 (113,025)(b) 53,660 4,421,365 I 1987 2,188,750 237,481 2,114,283 451,518 57,090 5,049,122 1988 2,491,065 98,059 2,291,627 355,802 114,635 5,351,188 1989 2,515,436 95,748 3,449,948 354,523 56,410 6,472,065 1990 2,640,044 120,145 1,316,238 540,851 68,790 4,686,068 i 1991 2,823,929 100,868 2,255,951 456,381 173,230 5,810,359 1 1992 4,067,934 212,936 2,450,339 367,551 81,670 7,180,430 i 1993 4,481,158 433,825 1,991,730 289,570 — 7,196,283 { i (a) Includes general fund only. { (b) Includes a $481,269 loss on investment relating to the Lion Capital Group. 1 Source: Borough general ledger i I I i I i j 116 , 1 1 1 1 1 1 t 1 i 1 1 1 1 1 1 i 1 1 1 KODIAK ISLAND BOROUGH KODIAK, ALASKA PROPERTY TAX LEVIES AND COLLECTIONS LAST TEN FISCAL YEARS TABLE 3 Source: Borough tax records 117 Percent of Percent of Percent Delinquent Delinquent Fiscal Total Current Tax of Levy Tax Total Tax Year Tax Levy Collections Collected Collections Collections 1984 $1,646,752 $1,617,654 98.2 % $31,487 $1,649,141 1985 1,508,003 1,492,923 99.0 10,733 1,503,656 1986 2,024,237 1,986,914 98.2 13,502 2,000,416 1987 2,181,410 2,176,543 99.7 12,207 2,188,750 1988 1,926,427 1,912,214 99.3 54,625 1,966,839 1989 1,991,902 1,987,251 99.7 4,474 1,991,725 1990 2,034,500 2,017,190 99.1 12,351 2,029,541 1991 2,237,629 2,189,270 97.8 17,254 2,206,524 1992 3,736,674 3,654,535 97.8 22,178 3,676,713 1993 4,045,235 3,907,612 96.6 60,633 3,968,245 Source: Borough tax records 117 Percent of Percent of Total Tax Outstanding Delinquent Collections Delinquent Taxes to to Tax Levy Taxes Tax Levy 100.1% $30,099 1.8% 99.7 19,366 1.3 98.8 43,185 2.1 100.3 49,235 2.2 102.1 25,610 1.3 99.9 21,136 1.1 99.7 28,640 1.4 98.6 59,745 2.7 98.4 92,290 2.5 98.1 169,584 4.2 1 TABLE 4 I KODIAK ISLAND BOROUGH KODIAK, ALASKA ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY LAST TEN FISCAL YEARS (a) Reflects exemptions of boats and inventories. (b) Exempted $5 tax for small watercraft (boats and skiffs under five ton). Source: Borough assessment and tax records 118 Ratio of Total Assessed to Total REAL PROPERTY PERSONAL PROPERTY TOTAL Estimated Fiscal Assessed Estimated Assessed Estimated Assessed Estimated Actual Year Value Actual Value Value Actual Value Value Actual Value Value 1984 325,435,262 425,976,900 64,550,756(a) 225,467,800 389,986,018 651,444,700 59.86% 1985 353,643,800 385,884,500 50,369,200 186,486,200 404,013,000 651,444,700 70.59 1986 374,136,300 408,336,500 46,204,800(b) 144,110,900 420,341,100 552,447,400 76.09 1987 369,860,196 398,049,400 39,003,109 199,309,200 408,863,305 597,626,000 68.45 1988 379,969,521 390,550,900 48,795,064 204,075,100 428,764,585 594,626,000 72.11 1989 378,072,396 415,666,660 58,727,868 229,477,103 436,800,264 645,143,763 67.71 1990 406,433,607 435,940,500 73,508,740 267,181,594 479,942,347 703,122,094 68.26 1991 439,710,369 457,383,400 76,594,500 280,085,100 516,304,869 737,468,500 70.01 1992 467,821,217 497,758,275 91,537,867 331,544,400 559,359,084 829,302,675 67.50 1993 499,172,455 517,754,900 92,264,018 325,842,100 591,436,473 843,597,000 70.11 (a) Reflects exemptions of boats and inventories. (b) Exempted $5 tax for small watercraft (boats and skiffs under five ton). Source: Borough assessment and tax records 118 1 t F 1 Ij 1 1 KODIAK ISLAND BOROUGH KODIAK, ALASKA PROPERTY TAX RATES - ALL OVERLAPPING GOVERNMENTS (PER $100 OF ASSESSED VALUE) LAST TEN FISCAL YEARS TABLE 5 a. The property tax mileage for the Kodiak Island Borough has not in the past years been broken out to indicate the true mileage that would be distributed to the various entities, in all cases. b. Contributions from the Borough to the School Woodland is calculated to have been as follows: Fiscal Assessed KIB City Year Acres Contribution Road Service Districts 1984 Fire District Fiscal General of 394,608,581 Lighting Monashka Service Bayview Woman's Service Woman's Year Fund Kodiak Total District Bay District 1 Road Bay District 1 Bay 1984 3.75 1.25 5.00 - 2.00 0.00 0.00 0.50 1.50 0.50 1985 3.75 2.00 5.75 - 2.00 0.00 0.00 0.50 1.50 0.50 1986 3.75 2.00 5.75 - 2.00 0.25 0.00 0.10 1.50 0.90 1987 4.51 2.00 6.51 - 2.00 0.25 1.00 0.50 1.50 0.50 1988 4.51 2.00 6.51 - 2.00 0.25 1.00 0.50 1.50 0.25 1989 4.50 2.00 6.50 - 2.00 0.25 1.50 1.50 1.50 0.25 1990 4.50 2.00 6.50 - 1.25 0.70 1.00 1.50 1.25 1.25 1991 4.50 2.00 6.50 .75 2.00 1.00 1.00 2.50 1.25 1.25 1992 5.50 2.00 7.50 .75 2.00 1.75 1.00 2.50 1.25 1.25 1993 5.50 2.00 7.50 .75 2.00 1.75 1.00 2.50 1.25 1.25 a. The property tax mileage for the Kodiak Island Borough has not in the past years been broken out to indicate the true mileage that would be distributed to the various entities, in all cases. b. Contributions from the Borough to the School District for the last ten years is calculated to have been as follows: Fiscal Assessed Amount of Mileage Year Value Contribution Equivalent 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 1988 428,764,585 2,343,992 5.47 1989 423,038,700 2,444,882 5.78 1990 452,016,912 2,469,558 5.46 1991 516,304,869 2,484,606 4.81 1992 559,359,084 3,279,444 5.86 1993 591,436,473 3,473,411 5.87 Source: Borough ordinance and assessment records IiL'] TABLE 6 KODIAK ISLAND BOROUGH KODIAK, ALASKA TEN LARGEST PROPERTY TAXPAYERS YEAR ENDED JUNE 30, 1993 Percentage Percentage of Total 1993 Net of Total Assessed Assessed Taxes Taxes Valuation Valuation Levied Levied All Alaskan Seafoods 2.4 % S 14,484,420 S 92,136 2.3% International Seafoods of Alaska 2.3 13,411,246 94,800 2.3 Alaska Pacific Seafoods 1.9 11,045,973 67,473 1.7 Washington Fish and Oyster 1.7 10,184,825 56,017 1.4 Sea —Land Services, Inc. 1.5 9,111,441 67,824 1.7 Western Alaska Fisheries 1.5 8,825,586 58,716 1.5 Mill Bay Plaza Association 1.4 8,481,900 63,614 1.6 , PTI Communications 1.3 7,779,146 44,968 1.1 Afognak Native Corporation 1.1 6,726,500 36,996 0.9 Brechan Enterprises 1_0 5,991,502 42,726 1_1 Totals 16.2 % S 96,042,539 S 625.270 15.5 % , Source: Borough tax records , 120 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 KODIAK ISLAND BOROUGH KODIAK, ALASKA RATIO OF NET GENERAL BONDED DEBT (a) LAST TEN FISCAL YEARS TABLE 7 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 Capital 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 1988 14,375 428,764,585 22,160,000 7,111,644 15,048,356 3.5 966 1989 15,575 436,800,264 17,550,000 5,310,721 12,239,279 2.8 786 1990(b) 15,558 452,016,912 15,310,000 6,683,745 8,826,255 1.9 567 1991 15,679 516,304,869 13,735,000 7,307,730 6,427,270 1.2 410 1992 15,679 559,359,084 12,195,000 6,556,480 5,638,520 1.0 360 1993 15,679 591,436,473 10,470,000 5,847,171 4,622,829 .8 295 Sources — (a) Information obtained from assessment records and Borough general ledger except as otherwise noted. (b) 1990 population is per U.S. Bureau of Census (preliminary); others are estimates from the Borough Planning Department based on the "Housing Unit Method." "01 KODIAK ISLAND BOROUGH TABLE 8 KODI AK, ALASKA COMPUTATION OF DIRECT AND OVERLAPPING DEBT YEAR ENDED JUNE 30, 1993 (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. 122 Percentage Kodiak Applicable Island Net Debt to This Borough's Outstanding Governmental Share of (a) Unit (b) Debt (c) Kodiak Island Borough: General obligation bonds $ 4,622,829 100% S 4,622,829 City of Kodiak: General obligation bonds 570,000 57 324,900 Revenue bonds 3,700,000 57 2,109,000 Total $ 8,892.829 $ 7,056,829 (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. 122 1 t 1 1 1 1 i 1 1 1 1 1 1 TABLE 9 KODIAK ISLAND BOROUGH KODIAK, ALASKA COMPUTATION OF LEGAL DEBT MARGIN JUNE 30, 1993 Assessed value Plus exempt property Total S 591,436,473 2,271,468,957 $ 2,862,905,430 The State of Alaska does not mandate a debt limit to its municipalities and political subdivisions. Debt capacity is ultimately determined by the marketplace. Source: Borough assessment records 123 TABLE 10 KODIAK ISLAND BOROUGH KODIAK, ALASKA RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL BONDED DEBT TO TOTAL GENERAL EXPENDITURES AND TRANSFERS LAST TEN FISCAL YEARS ' Total Ratio of General Debt Service Fiscal Interest Total Debt Expenditures Transfers to General Expenditures Year Principal (a) and Fees Service and 1984 $1,750,000 $1,555,900 $3,305,900 54,962,232 66.6 % 1985 4,210,000 2,108,539 6,318,539 4,913,578 128.6 ' 1986 5,080,000 1,727,562 6,807,562 4,551,179 149.6 1987 4,750,417 1,787,384 6,537,801 5,123,941 127.6 , 1988 3,785,834 1,695,468 5,481,302 5,578,069 98.3 1989 5,135,833 1,502,762 6,638,595 5,622,560 118.1 1990 2,260,833 978,583 3,239,416 5,803,292 55.8 1991 1,595,834 1,019,401 2,615,234 6,016,756 43.5 1992 1,685,833 1,008,918 2,694,751 6,973,603 38.6 1993 1,745,833 736,357 2,482,190 7,142,539 34.8 (a) Serial maturities in the case of serial bonds; annual Debt Service Fund requirements in the case of term bonds. ' Source: Borough general ledger and debt documents i , 124 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 TABLE 11 KODIAK ISLAND BOROUGH KODIAK, ALASKA DEMOGRAPHIC STATISTICS LAST TEN FISCAL YEARS Fiscal Year Population (a) School Enroltment (b) 1984 13,389 2,180 1985 13,748 2,295 1986 13,952 2,285 1987 14,127 2,329 1988 14,375 2,531 1989 15,575 2,304 1990 15,558 2,328 1991 15,679 2,398 1992 15,679(d) 2,614 1993 15,679(d) 2,632 Unemployment Rate (c) 6.9% 9.6 7.7 7.4 6.2 3.2 5.6 8.2 5.1 6.0 (a) 1990 per U.S. Bureau of Census (preliminary); other years per Borough Planning Department, except 1992 and 1993. (b) Kodiak Island Borough School District. (c) Department of Labor, Anchorage. (d) Based upon 1991 census. 125 TABLE 12 KODIAK ISLAND BOROUGH KODIAK, ALASKA SALARIES AND SURETY BONDS OF PRINCIPAL OFFICIALS YEAR ENDED JUNE 30, 1993 i ' Amount of Name of Official Title Annual Salary Surety Bond (1) Jerome Selby Mayor $68,000 (2) ' See page vi of intro— ductory section Assembly members 2,400 (2) Contracted Attorney — — ' Karleton Short Finance Director /Treasurer 69,638 $1,000,000 Earl Smith Fire Chief, Service Area One 64,646 — ' Perry Page Data Processing Manager 61,526 — Donna Smith Borough Clerk 50,502 — Linda Freed Director of Planning and Community Development 73,174 — Vivian Brumbaugh Cashier 27,248 50,000 , Patrick Carlson Assessor /Appraiser 60,029 — Martin White Director of Mental Health 60,029 — Steve Hobgood Facilities Coordinator 58,573 — Cheryl Bolger Accountant 46,904 — , (1) By ordinance in 1984 the Kodiak Island Borough Assembly elected to decrease the amount of bond payments and 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. ' Source: Borough personnel records ' 126 1 1 1 1 1 KODIAK ISLAND BOROUGH KODIAK, ALASKA PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS LAST TEN FISCAL YEARS YEAR ENDED JUNE 30, 1993 TABLE 13 Deposits in Local Banks $59,010,831 61,598,752 64,420,672 70,402,810 72,068,409 93,830,000 90,221,433 90,392,243 103,679,201 94,838,546 PROPERTY VALUE* Commercial Residential $ 104,233,851 $220,001,411 116,411,447 236,302,401 115,574,577 258,311,716 114,409,875 252,950,321 123,053,031 255,417,891 128,202,254 266,409,021 115,477,806 314,539,889 130,469,150 323,060,260 134,637,371 333,203,846 148,714,050 350,458,405 Nontaxable $739,960,807 1,053,965,717 1,127,834,040 1,134,524,305 1,159,131,464 1,177,364,559 1,993,871,408 2,002,661,025 2,027,200,278 2,271,468,957 * Estimated actual value of real property. Source: Borough assessing records, City of Kodiak building department and local bankers 127 CONSTRUCTION Commercial Residential No. No. Fiscal of of Year Permits Value Permits Value 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 1988 42 549,382 91 4,314,003 1989 22 1,174,346 131 6,421,773 1990 18 1,709,715 104 8,109,662 1991 69 3,692,371 152 5,706,524 1992 48 3,748,125 163 9,201,613 1993 55 3,359,264 143 6,218,434 Deposits in Local Banks $59,010,831 61,598,752 64,420,672 70,402,810 72,068,409 93,830,000 90,221,433 90,392,243 103,679,201 94,838,546 PROPERTY VALUE* Commercial Residential $ 104,233,851 $220,001,411 116,411,447 236,302,401 115,574,577 258,311,716 114,409,875 252,950,321 123,053,031 255,417,891 128,202,254 266,409,021 115,477,806 314,539,889 130,469,150 323,060,260 134,637,371 333,203,846 148,714,050 350,458,405 Nontaxable $739,960,807 1,053,965,717 1,127,834,040 1,134,524,305 1,159,131,464 1,177,364,559 1,993,871,408 2,002,661,025 2,027,200,278 2,271,468,957 * Estimated actual value of real property. Source: Borough assessing records, City of Kodiak building department and local bankers 127 KODIAK ISLAND BOROUGH KODIAK, ALASKA MISCELLANEOUS STATISTICAL DATA JUNE 30, 1983 THROUGH JUNE 30, 1993 Date of incorporation — September 30, 1963, Second Class Borough by Chapter 146 Sessions, Laws of Alaska 1961, as amended, Form of Government — Mayor /Assembly. 1984 1985 1986 Land Area — square miles 4,900 4,900 4,900 Miles of improved street 16.48 17.29 19.53 Miles of sanitary sewers 3.7 4.2 9.63 Number of water taps 309 309 410 Number of sanitary sewer taps 170 170 327 Building permits: Permits issued 137 161 172 Value of buildings (thousands) $8,416.1 $17,858.0 $12,196.8 Fire protection: Number of fire stations 2 2 2 Number of employees 1 1 1 Police protection — none Recreation: Parks — number of acres 4,099 3,414 220(a) Facilities: Number of playgrounds 5 5 14 Number of swimming pools 1 1 1 Education: Number of schools: City of Kodiak Elementary 3 3 3 City of Kodiak Junior High 1 1 1 City of Kodiak High School 1 1 1 Village Schools (c) 7 7 7 Number of support personnel (d) 174 158 159 Number of teachers 156 157 154 Number of students 2,180 2,295 2,285 Number of municipal employees 49 46 49 Elections: Number of registered voters 5,200 5,603 6,463 Number voting in last election 2,079 3,075 2,356 Percent of registered voters 44.0% 46.6% 36.4% (a) Prior years include lands designated recreational; 1986 and after represents actual acres of parks. (b) By annexation, effective March 4, 1989 the Borough has grown an additional 12,830 square miles. Total Borough is now 22,395 square miles with a land mass of 7,130 square miles (see map on page ix). (c) The majority of Village Schools are grades K -12. (d) All non — teaching employees. Source: Borough records 128 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 TABLE 14 1987 1988 1989 1990 1991 1992 1993 4,900 4,900 7,130(b) 7,130 7,130 7,130 7,130 20.3 21.5 21.5 21.5 21.5 21.5 21.5 15.49 16 16 16 16 16 16.7 659 707 748 748 748 873 877 619 666 727 727 727 851 858 169 133 153 122 221 211 183 $9,570.0 $4,863.4 $7,596.1 $9,819.3 $9,398.9 $12,950.0 $9,577.70 2 2 2 2 2 2 2 1 1 1 1 1 1 1 222 223 223 223 223 223 223 15 15 15 15 15 15 15 1 1 1 1 1 1 1 3 3 3 3 3 3 3 1 1 1 1 1 1 1 1 1 1 1 1 1 1 7 7 8 8 9 9 9 152 167 172 165 175 166 171 148 169 167 167 167 164 172 2,329 2,351 2,304 2,328 2,398 2,614 2,632 53 57 66 70 75 72 67 6,559 5,427 6,150 6,352 6,707 6,263 6,654 2,094 2,507 1,459 2,327 1,959 1,986 2,328 31.9% 46.2% 23.7'/ 37.0% 29.0% 31.8% 35.0% 129