CAFR FY20001
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1
KODIA ISLAND BOROUGH
Comprehensive Annual Financial Report
For the Year Ended June 30, 2000
I I
Kodiak, Alaska
Gary Stevens, Borough Mayor
Prepared by Finance Department:
Karleton Short, Finance Director
Marian Royall, Revenue Accountant
Mary Munk, General Accountant
L
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I
KODIAK ISLAND BOROUGH
Comprehensive Annual Financial Report
For the Year Ended June 30, 2000
TABLE OF CONTENTS
INTRODUCTORY SECTION
FINANCIAL SECTION
EXHIBIT PAGE
INDEPENDENT AUDITORS' REPORT ........................................................... ...............................
GENERAL PURPOSE FINANCIAL STATEMENTS
Combined Balance Sheet - All Fund Types, Account Groups and Discretely
PresentedComponent Unit ................................................................................. ..............................1 4
Combined Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balances - All Governmental Fund Types and
Discretely Presented Component Unit ................................................................ ..............................2 8
Combined Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balances - Budget and Actual - General Fund,
Special Revenue Funds and Debt Service Funds ................................................ ..............................3 10
Combined Statement of Revenues, Expenses, Transfers and Changes in
Retained Earnings (Accumulated Deficits) - Proprietary Fund Types ................ ..............................4 12
Combined Statement of Cash Flows -
ProprietaryFund Types ...................................................................................... ..............................5 13
Notes to the Combined Financial Statements 15
ADDITIONAL INFORMATION
COMBINING. INDIVIDUAL FUND AND ACCOUNT GROUP
FINANCIAL STATEMENTS AND SCHEDULES
GENERAL FUND:
BalanceSheets .................................................................................................... ............................A -1 43
Statement of Revenues, Expenditures, Transfers and Changes
in Fund Balances - Budget and Actual ........................................................... ............................A -2 44
Schedule of Expenditures and Transfers - Budget and Actual ............................ ............................A -3 46
PAGE
ELECTED OFFICIALS (PHOTOGRAPHS) .......................................................... ...............................
v
BOROUGHOFFICIALS ......................................................................................... ...............................
vii
BOARDSAND COMMITTEES ............................................................................. ...............................
viii
MAP OF KODIAK ISLAND BOROUGH .............................................................. ...............................
x
GFOA CERTIFICATE OF ACHIEVEMENT ........................................................ ...............................
xi
ORGANIZATIONALCHART ............................................................................... ...............................
xii
LETTER OF TRANSMITTAL ............................................................................... ...............................
...
X111
FINANCIAL SECTION
EXHIBIT PAGE
INDEPENDENT AUDITORS' REPORT ........................................................... ...............................
GENERAL PURPOSE FINANCIAL STATEMENTS
Combined Balance Sheet - All Fund Types, Account Groups and Discretely
PresentedComponent Unit ................................................................................. ..............................1 4
Combined Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balances - All Governmental Fund Types and
Discretely Presented Component Unit ................................................................ ..............................2 8
Combined Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balances - Budget and Actual - General Fund,
Special Revenue Funds and Debt Service Funds ................................................ ..............................3 10
Combined Statement of Revenues, Expenses, Transfers and Changes in
Retained Earnings (Accumulated Deficits) - Proprietary Fund Types ................ ..............................4 12
Combined Statement of Cash Flows -
ProprietaryFund Types ...................................................................................... ..............................5 13
Notes to the Combined Financial Statements 15
ADDITIONAL INFORMATION
COMBINING. INDIVIDUAL FUND AND ACCOUNT GROUP
FINANCIAL STATEMENTS AND SCHEDULES
GENERAL FUND:
BalanceSheets .................................................................................................... ............................A -1 43
Statement of Revenues, Expenditures, Transfers and Changes
in Fund Balances - Budget and Actual ........................................................... ............................A -2 44
Schedule of Expenditures and Transfers - Budget and Actual ............................ ............................A -3 46
KODIAK ISLAND BOROUGH
Comprehensive Annual Financial Report
For the Year Ended June 30, 2000
T ABLE OF CONTENTS (continued)
EXHIBIT
PAGE
SPECIAL REVENUE FUNDS:
79
CombiningBalance Sheet ................................................................................... ............................B -1
52
Combining Statement of Revenues, Expenditures, Transfers
80
and Changes in Fund Balances (Accumulated Deficits) ................................... ............................B -2
56
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balances (Deficits) - Budget and Actual:
81
Fire and Road Service Areas:
82
Fire:
FireProtection Area No. i .................................................................... ............................B -3
59
WomensBay Fire Department .............................................................. ............................B -4
60
KodiakAirport Fire District .................................................................. ............................B -5
61
Road:
Monashka Bay Road Service Area ....................................................... ............................B -6
62
ServiceDistrict No. 1 ............................................................................ ............................B -7
63
WomenBay Service Area ................................................................... ............................B -8
64
BayView Road Service Area ............................................................... ............................B -9
65
ServiceArea No. 2 ............................................................................... ...........................B -10
66
MentalHealth Center .................................................................................. ...........................B -11
67
CoastalManagement .................................................................................. ...........................B -12
68
Child Care Assistance Program .................................................................. ...........................B -13
69
Welfareto Work Program .......................................................................... ...........................B -14
70
LandSales ................................................................................................... ...........................B -15
71
Buildingsand Grounds ............................................................................... ...........................B -16
72
Woodland Acres Street Light Service Area ................................................ ...........................B -17
73
KodiakArts Council ................................................................................... ...........................B -18
74
Facilities...................................................................................................... ...........................B -19
75
TourismDevelopment ................................................................................ ...........................B -20
76
KodiakTransit Authority ............................................................................ ...........................B -21
77
L. E. P. C . ................................................................................................................................. B-22
78
DEBT SERVICE FUNDS:
CombiningBalance Sheet ................................................................................... ............................0 -1
79
Combining Statement of Revenues, Expenditures
Transfers and Changes in Fund Balances ......................................................... -2
80
............................0
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balances - Budget and Actual:
Educationand Health ...................................................................................... ............................0 -3
81
Other............................................................................................................... ............................0 -4
82
CAPITAL PROJECTS FUNDS:
CombiningBalance Sheet ................................................................................... ............................D -1 83
Combining Statement of Revenues, Expenditures,
Transfers and Changes in Fund Balances ......................................................... ............................D -2 84
Scheduleof Capital Projects ............................................................................... ............................D -3 86
ii
1 iii
KODIAK ISLAND BOROUGH
Comprehensive Annual Financial Report
P P
For the Year Ended June 30, 2000
TABLE OF CONTENTS (continued)
'
EXHIBIT
PAGE
ENTERPRISE FUNDS:
'
CombiningBalance Sheet ..... ............................................... ...............................
Combining Statement of Revenues, Expenses, Transfers
............................E -1
92
and Changes in (Accumulated Deficits) Retained Earnings ..............................
............................E -2
94
Combining Statement of Cash Flows ................................... ...............................
............................E -3
95
Municipal Solid Waste Collection and Disposal Fund:
BalanceSheets .................................................................................................
............................... E-4
97
Statement of Revenues, Expenses, Transfers and Changes
in Accumulated Deficits - Budget and Actual .................... ...............................
............................E -5
98
Statementsof Cash Flows ................................................................................
............................... E -6
99
Hospital Facilities Fund:
BalanceSheets ..................................................................... ...............................
............................ E -7
100
Statement of Revenues, Expenses, Transfers and Changes
in Retained Earnings - Budget and Actual ......................... ...............................
Statementsof Cash Flows ................................................................................
............................E -8
............................... E -9
101
102
'
911 Services Fund:
BalanceSheets . ............................................................... ...............................
...........................E -10
103
Statement of Revenues, Expenses, Transfers and Changes
in Retained Earnings - Budget and Actual ........................ ...............................
...........................E -11
104
Statementsof Cash Flows .............................................................................. ...............................
E -12
105
Kodiak Fisheries Research Center Fund:
BalanceSheets .................................................................... ...............................
Statement of Revenues, Expenses, Transfers and Changes
........................... E -13
106
in Retained Earnings - Budget and Actual ........................ ...............................
...........................E -14
107
'
Statementsof Cash Flows ................................................... ...............................
INTERNAL SERVICE FUND:
...........................E -15
108
Management Information Systems Fund:
BalanceSheets ....................................................................................................
............................F -1
109
Statement of Revenues, Expenses, Transfers and Changes in
in Accumulated Deficit - Budget and Actual .................................................
............................... F -2
110
Statementsof Cash Flows ................................................................................
............................... F -3
111
1 iii
KODIAK ISLAND BOROUGH
Comprehensive Annual Financial Report
For the Year Ended June 30, 2000
TABLE OF CONTENTS (continued)
EXHIBIT
PAGE
GENERAL FIXED ASSETS ACCOUNT GROUP:
Schedules of Fixed Assets by Source .................................................................. -1
113
............................G
Schedule of General Fixed Assets by Function and Activity
125
.............................. ............................G -2
Schedule of Changes in General Fixed Assets by
114
Functionand Activity ........................................................................................ ............................G -3
115
GENERAL LONG -TERM DEBT ACCOUNT GROUP:
127
Schedulesof Long -Term Debt ............................................................................ ............................H -1
117
ADDITIONAL INFORMATION - BONDED INDEBTEDNESS:
128
Summary of Bonded Debt Service Requirements to Mat urity ............................. ............................1 -1
119
General Obligation School Refunding Bonds, Series 1989 — Retirement Schedule ........................ I -2
120
General Obligation Bonds, 1993 Series A — Retirement Schedule ................... ............................... I -3
121
General Obligation Bonds, 1994 Series A — Retirement Schedule ................... ............................... I-4
122
General Obligation Bonds, 1998 Series A — Retirement Schedule ................... ............................... I -5
123
Asbestos Removal Loan Payable — Retirement Schedule .................................... ............................I -6
124
STATISTIC SECTION
TABLE
PAGE
STATISTICAL TABLES:
General Governmental Expenditures and Other Uses
by Function - Last Ten Fiscal Years ................................................................... ..............................1
125
General Revenues by Source - Last Ten Fiscal Years .......................................... ..............................2
126
Property Tax Levies and Collections -
LastTen Fiscal Years ......................................................................................... ..............................3
127
Assessed and Estimated Actual Value of Taxable
Property - Last Ten Fiscal Years ......................................................................... ..............................4
128
Property Tax Rates and Contributions to the School District (per $100 of assessed value)
LastTen Fiscal Years ........................................................................................ ..............................5
129
Ten Largest Property Taxpayers ........................................................................... ..............................6
130
Ratio of Net General Bonded Debt - Last Ten Fiscal Years ................................. ..............................7
131
Computation of Direct and Overlapping Debt ......................................................
132
..............................8
Computation of Legal Debt Margin
...................................................................... ..............................9
133
Ratio of Annual Debt Service Expenditures for General
Bonded Debt to Total General Expenditures and Transfers -
LastTen Fiscal Years ........................................................................................ .............................10
134
Demographic Statistics - Last Ten Fiscal Years .................................................. .............................11
135
Property Value, Construction and Bank Deposits -
LastTen Fiscal Years ........................................................................................ .............................12
136
Miscellaneous Statistical Data -
LastTen Fiscal Years ........................................................................................ .............................13
138
1V
INTRODUCTORY SECTION
I I
MAYOR AND ASSEMBLY MEMBERS
� I
Mayor of Kodiak Island Borough, 2001
SCOTT ARNDT
At Large, 2000
TOM ABELL
At Large, 2002
PATRICIA BRANSON
At Large, 2001
ROBIN HEINRICHS
At Large, 2001
SHAWN (TUCK) BONNEY
Deputy Mayor, At Large, 2002
GREGEORY C. SPALINGER
At Large, 2000
DARLENE TURNER
At Large, 2002
FI
KODIAK ISLAND BOROUGH
BOROUGH OFFICIALS
YEAR ENDED JUNE 30, 2000
' BOROUGH ASSEMBLY
Scott Arndt `00 Greg Spalinger `00
Patricia Branson `01 Robin Heinrichs `01
Tom Abell `02 Tuck Bonney (Deputy Mayor) `02
Darlene Turner `02
BOROUGH MAYOR
Gary Stevens `01
DavidJensen ......................................................................... ............................... Borough Manager
' Karleton G. Short ........................... ............................... ......................... Finance Director/Treasurer
Alan G. Verbitsky ....................................... ............................... Engineering and Facilities Director
JudithA. Nielsen, CMC ............................................................. ............................... Borough Clerk
Linda L. Freed ............................................ ............................... Community Development Director
PatrickS. Carlson .......................................................... ............................... .......................Assessor
RobertA. Himes ................................................................. ............................... Assistant Fire Chief
Jamin, Ebeil, Schmitt & Mason .............. ............................... Borough Attorney (Contracted Finn)
Betty Walters ................................... ............................... .................Superintendent, School District
MaryMunk ......................................................................... ............................... General Accountant
MarianRoyall ............................................ ............................... ........................Revenue Accountant
EllenCloudy ...................................................... ............................... .....................Purchasing Agent
vii
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
BOARDS AND COMMITTEES
YEAR ENDED JUNE 30, 2000
School Board
* Pat Jacobson
Alice Knowles
Norm Wooten
Jack McFarland
Jeff Stephan
Dan Canavan, USCG Rep.
Greg Spalinger — Assembly Rep.
Tuck Bonney — Assembly Rep.
Scott Arndt — Assembly Rep.
Sheila Roberts - Staff
Joey Kay Hutcherson, Student Rep.
Hospital & Health Facilities Advisory Board
* Mark Buckley
Gil Bane
Fred Bugarin
Michael Machulsky
Mary Monroe
Gretchen Saupe
Wayne Stevens
Pat Branson, Assembly Rep
Phil Cline, Administrator, ex -officio
Welby Jensen, Chief of Staff
Robyn Holloway, KIH Staff
Mental Health Center Advisory
Board
Jody Burcham
Thia Falcone
David Davis
Patricia Stokley Crowe
Steven Honnold
Jeff Knauf
Cecil Ranney
Pam Foreman
Darlene Turner, Assembly Rep.
Lt. Tish Palmer, USCG Rep, ex- officio
Robin Gardner, MHC Staff
Karen Perkins, KAMI Rep., ex- officio
Welby Jensen, MD, Providence Rep, ex- officio
Karen Bennett, support staff
Planning and Zoning Commission
Donna Bell
Robert Himes
Robert Lindsey
Greg Razo
Robbie Scheidler
Clarence W. Selig
Walter Stewart
Linda Freed, KIB Staff
Woodland Acres Street Lighting
Service Area Advisory Board
Phillip Cline
Kevin Arndt
Citizens Board of Equalization
* Jim Carmichael
Wayne Stevens
Karenia Hackett
Tim Hurley
Cheryl McNeil
Kelcy LaGasse, Alternate
Pat Carlson, KIB staff
Patti Kirkpatrick, KIB staff
Parks and Recreation Committee
* David Odell
Steven Honnold
Kenneth Hansen
Vincent Walser
Walter Stewart, P&Z Rep.
Kate Wynne
Tom Abell, Assembly Rep.
Ian Fulp, City Rep., ex- officio
Claire Holland, State Rep., ex- officio
Joe Floyd, School Board Rep
Linda Freed, KIB Rep
Building Code Board of Appeals/
(Architectural Review Board)
Gerald Cloudy
Gregg Hacker
Jay Johnston
Dale Soughers
Robin Heinrichs, Assembly Rep.
Bob Tucker, KIBSD Rep., ex- officio
Jack McFarland, School Board Rep., ex officio
Dave Jensen, KIB Rep., ex- officio
Personnel Advisory Board
Paul Alexander
Bill King
Chris Nielsen
Warren Russell
Jody Spivey
Ellen Cloudy, KIB staff
I
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1
viii I
P,
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KODIAK ISLAND BOROUGH
KODIAK, ALASKA
BOARDS AND COMMITTEES
YEAR ENDED JUNE 30, 2000
Data Processing Steering
Committee
Dave Jensen
Gary Stevens
Karleton Short
Betty Walters
David Jones
Jim Nagen
Fire Protection Area No. I
Advisory Board
* Scott Arndt
Jeff Halcomb
Kevin Arndt
Eric McFarlin
Eileen Probasco
Robert Himes, ex- officio
Bay View Road Service Area
Advisory Board
Fred Roberts
Dawn Black
Marcia Oswalt
Reed Oswalt
James Schauff
Monashka Bay Road Service Area
Advisory Board
* Dave Sundberg
Alayne Larsen
Jeff Hamer
Corrine Estelle Ferre
Jack McFarland
Emergency Services Organization
Carolyn Floyd
Dave Jensen
Bill Jones, City Manager, City of Kodiak
Gary Stevens
John Miller, Capt. USCG
Womens Bav Service Area
Advisory Board
* Mike Wilchek
Fred Waltman, II
David Conrad
Linda Estes
Edward Gondek
Linda Hinson
Tom Trosvig
Dale L. Rice, ex- officio
Kodiak Area Transit Sv stem Committee
* Pat Branson
Wanetta Ayers
Marie Barni
Tim Blott
Steven Honnold
Don Roberts
Tom Abell, Assembly Rep., ex- officio
John Miller, USCG, ex- officio
Mary Monroe, City Rep, ex- officio
Linda Freed, KIB Staff
Airoort Advisory Comm
* Stosh Anderson
Charles Barber
Dean Andrew
Bill King
Ruth Lovejoy
Arlene Mauldin
Donald Rossiter
Wayne Stevens
ix
John Chya, ex- officio
CDR Jim Poyer, USCG ex- officio
Borough Clerk's Office, KIB staff
Service Area No. 2 Commission
Connie Estelle Ferre
Norman Mullan
Airport Fire Protection District Advisory Board
Fred Ball
Michael Machulsky
Rene Sy
* Indicates chair
Service Area No. 1 Advisory Board
* Kevin Arndt
Robert Greene
Scott Arndt
Robert Casey
'
Ed Mahoney
Jennifer Spencer
Kaye McClain
Womens Bav Service Area
Advisory Board
* Mike Wilchek
Fred Waltman, II
David Conrad
Linda Estes
Edward Gondek
Linda Hinson
Tom Trosvig
Dale L. Rice, ex- officio
Kodiak Area Transit Sv stem Committee
* Pat Branson
Wanetta Ayers
Marie Barni
Tim Blott
Steven Honnold
Don Roberts
Tom Abell, Assembly Rep., ex- officio
John Miller, USCG, ex- officio
Mary Monroe, City Rep, ex- officio
Linda Freed, KIB Staff
Airoort Advisory Comm
* Stosh Anderson
Charles Barber
Dean Andrew
Bill King
Ruth Lovejoy
Arlene Mauldin
Donald Rossiter
Wayne Stevens
ix
John Chya, ex- officio
CDR Jim Poyer, USCG ex- officio
Borough Clerk's Office, KIB staff
Service Area No. 2 Commission
Connie Estelle Ferre
Norman Mullan
Airport Fire Protection District Advisory Board
Fred Ball
Michael Machulsky
Rene Sy
* Indicates chair
x
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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, 1999
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.
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Executive Director
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KODIAK ISLAND BOROUGH ORGANIZA77ONAL CHART
FISCAL YEAR 2000
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Kodiak Island Borough
Finance Department
710 Mill Bay Road
Kodiak. Alaska 9961
Phone (907) 486 -9323 Fax (907) 486 -9392
i
To the Honorable Mayor and Members of the Assembly
Kodiak Island Borough
' Kodiak, Alaska
The comprehensive annual financial report of the Kodiak Island Borough (the Borough), Kodiak,
' Alaska, for the fiscal year ended June 30, 2000, is submitted herewith.
The Borough Finance Department prepared this report. Responsibility for the accuracy,
i
completeness, and fairness of presentation, including all disclosures, rests with the Borough. We
believe the data, as presented, is accurate in all material respects, 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. 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 concepts used by the Borough, and some financial presentations. The financial
section includes the independent auditors' report, combined financial statements, notes to
combined financial statements, and the 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.
GENERAL INFORMATION
The Kodiak Island Borough lies at the western border of the Gulf of Alaska, approximately 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. A Mayor/Manager form of government governs the
Borough. The Borough Assembly is composed of seven members who are elected at- large.
I xiii
October 31, 2000
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.
ECONOMIC CONDITION AND OUTLOOK
Economic Sectors
The major economic sectors of the Borough are commercial fishing, logging, and tourism. Being
located in the Gulf of Alaska and the North Pacific Ocean places the Kodiak Island Borough near
some of the richest fishing grounds in the world. In 1998, Kodiak was ranked third among
commercial fishing ports in the United States in terms of value of seafood landed.
The major sector of the Kodiak economy is, by far, commercial fishing, accounting for ninety -
one percent of the severance tax revenue collected and more than half of the jobs in Kodiak.
Kodiak is Alaska's largest fishing port, homeport to more than 700 commercial fishing vessels.
According to Alaska Department Fish and Game, 326,564,340 pounds of fish were landed at the
Port of Kodiak in 1999 with an exvessel value of $103,907,653. In 1998, 388,676,685 pounds of
fish with a value of $79,255,662 were landed.
*2000 Fish & Game table had 20 species. while 1998 had 19 species.
xlv
inumoer o[
as catignt
1999
1998
Total for year
326,564.340
Total for year
388,676,685
Percent
*Ranking by
Percent
*Ranking by
Species
Pounds
of total
S per pound
Species
Pounds
of total
S per pound
pollock
130.514.483
40%
17
pollock
165,771,470
43%
17
salmon
70511,435
22%
8
salmon
105,574,455
27%
9
pacific cod
85,015.228
26%
11
pacific coil
71,974.284
19%
11
halibut
9.911.645
3%
3
halibut
9,088.000
2%
6
Total
295.952.791
91%
1 Total
352.408.209
91%
*2000 Fish & Game table had 20 species. while 1998 had 19 species.
xlv
cxvessea value
1999
1998
Total for year
S 103.907,653
Total for year
S 79,255.662
Percent
*Ranking by
Percent
*Ranking by
Species
Value
of total
S per pound
Species
Value
of total
S per pound
salmon
$ 31,085,428
30%
8
salmon
$ 29,809,626
38%
9
pacific cod
25.504.568
25%
11
pacific cod
13,675.114
17%
11
pollock
13,051,448
13%
17
pollock
11,604,003
15%
17
halibut
20.616.222
20%
3
halibut
9,996,800
13%
6
Total
S 90.257.666
87%
Total
S 65.085.543
82%
*2000 Fish & Game table had 20 species. while 1998 had 19 species.
xlv
I I
■
The severance tax revenue collected for timber in fiscal year 2000 was $112,822. This increased
' from fiscal year 1999's collection of $95,691. This increase is due to the economy in Asia and
Japan. These two markets are the main customers of Alaskan timber. The domestic market is
not an option because of U.S. shipping laws. To sell to the domestic market, American shipping
companies must be used. This drives up the price of Alaskan timber, making the domestic
market unprofitable.
The tourism industry in Kodiak is based on our natural resources and is therefore seasonal.
Seventy -six percent of our visitors come here during the summer months. Tourists come to our
island to enjoy the beauty of the island through hunting, hiking, camping, and fishing. They also
come for the history, the culture and the wildlife that is abundant throughout Kodiak.
' According to the Alaska Visitor Statistics Program, visitors to Kodiak tend to stay longer than
the average visitor to the state and are significantly more likely to be repeat visitors. These
visitors tend to spend more than twice as much as the average visitor to other regions in Alaska.
Visitors to Kodiak Island Borough generated $37,889 in transient accommodations tax revenue.
Employment
■ The labor force in Kodiak is dominated by the fishing industry. Of the top ten employers in
Kodiak for 1998, six are related to the fishing industry. Approximately 3,200 people of the local
labor force, or 31 percent, are employed in the fish harvesting area. Manufacturing, mainly
seafood processing, employs 2,350 people, or 19 percent. Their combined payroll is over $53
million. The U. S. Coast Guard and other government entities make up 24 percent. Retail and
wholesale sector have 8 percent, the service sector has 11 percent, with the remaining 7 percent
in construction, transportation, communication, utilities, financial services, insurance and real
estate.
Employment varies throughout the year with July, August, and September being the peak months
due to the increased activity in the canneries and then declines in November and December when
fishing quotas are reached. The unemployment rate as of June 30, 2000 was 12.3 percent
compared to 5.4 percent in 1999 and 5.2 percent in 1998. Throughout fiscal year 2000, the
unemployment rate has fluctuated from 3.6 percent to 12.4 percent, with an average of 7.18
percent.
Population
The estimated population of the Kodiak Island Borough for fiscal year 2000 is 13,989. Kodiak
Island Borough ranks sixth in population when compared to other boroughs and unified
municipalities throughout the state. The City of Kodiak is the seventh largest city in the state of
Alaska.
Kodiak is the home to the United States Coast Guard's largest facility. Among the various Coast
Guard operating and support commands, there are approximately 1,100 military and civilian
I personnel and 1,600 military dependents.
xv
MAJOR INITIATIVES
In preparing the fiscal year 2000 budget, the Kodiak Island Borough identified several major
projects to be addressed during the year. All major projects, with the exception of the Borough's
landfill vertical expansion project, are listed in Exhibit D -3 of the comprehensive annual
financial report. The landfill project is included in the Borough's Municipal Solid Waste
Collection and Disposal Enterprise Fund.
The most significant project undertaken in fiscal year 2000 was continuing with the landfill
vertical expansion. The landfill project includes final contour configurations of the site, drainage
control, slope stability, and allowances for future lateral expansions phases. In addition, work
will include leachate control and treatment, construction of new wastewater storage facilities,
closure of a portion of the existing landfill, and mining of future lateral expansion phases to
provide material for proposed work.
Capital projects either started or expanded in fiscal year 2000 totaled $150,115.
ACTIVITY SERVICE EFFORTS AND ACCOMPLISHMENTS
The Borough provides a variety of services including education, health, solid waste collection
and disposal, planning and zoning, public improvements, and general administration. The
Borough provides for education through the Kodiak Island Borough School District, a
component unit of the Kodiak Island Borough. In order to provide adequate health care, the
Borough has leased the Hospital and Care Center to the Sisters of Providence in Washington
d.b.a. Providence Health System in Alaska (PHSA). PHSA also took over operating the Mental
Health Center from the Borough on January 2, 1998.
The Borough provides for solid waste collection and disposal by contracting collection services
through an outside source while operating the landfill.
The Borough has four road service areas, three fire protection areas, and one street light service
area.
The Borough contracts with the City of Kodiak for building inspection services for building
outside the city limits. In fiscal year 2000, 210 building permits were issued with a value of
$11,806,333. The number of permits increased by fifteen over 1999, while the value decreased
by $3,200,859. The drop in value is attributed to the difference in residential versus commercial
permits. The value of commercial permits decreased $4,064,620 while residential value
increased $863,761.
FINANCIAL INFORMATION
DISCUSSION OF CONTROLS
Management is extremely aware of the importance of a strong internal control structure.
Although present controls are considered to be highly satisfactory and adequate, they continue to
be scrutinized periodically for enhancements.
xvi
Internal Controls
The Borough's accounting system depends upon a strong system of internal controls. The
Borough Finance Department focuses on all aspects of internal control. The Borough Finance
Department wants to ensure the safeguarding of Borough assets and the delivery of reliable and
accurate financial information. Duties are segregated as much as possible in a small office,
which limits individual control over any one area. Internal control policies are reviewed at least
annually and documented to reflect any procedural changes that are deemed necessary. Cross
training and segregation of duties are considered valuable in the internal control structure.
Budgetary Controls
' The Borough uses the modified accrual basis of accounting for governmental funds and the
accrual basis for enterprise funds. Under the modified accrual basis of accounting, revenues are
recognized when measurable and available and expenditures are recognized when incurred.
Budgetary control is maintained by an annual appropriation system supplemented with an
additional appropriation approximately halfway 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 overspent.
A public hearing and the adoption of a budget ordinance appropriates all new funds. The
Assembly makes appropriation transfers between funds and/or departments only after the
adoption of an ordinance. Borough staff may execute transfers between line items within a
department.
GENERAL GOVERNMENT FUNCTIONS
The following charts summarize General Fund revenues for the fiscal year ended June 30, 1991
compared to the fiscal year ended June 30, 2000. This chart includes General Fund revenues
only.
Fiscal Year 1991
Fiscal Year 2010
Licenses, Permits,
Other
2%
Inlergovernmente
40%
Licenses,
Intergovern
18%
Property Taxes
50°/
Severance Taxes
12%
�roparly Taxes
66%
xvii
Investment Income
The following schedule summarizes changes from the prior year for General Fund revenues:
Increase (decrease)
2000 1999 Amount Percent
Revenue Sources
Property Taxes
$ 6,623,808
$ 6,688,097
$ (64,289)
(1.0)
Severance Taxes
1,175,650
1,006,290
169,360
16.8
Intergovernmental
1,770,040
2,055,803
(285,763)
(13.9)
Licenses, Permits, Fees and Other
128,864
150,809
(21,945)
(14.6)
Investment Income
358,352
238,515
119,837
50.2
Total
$ 10,056,714
$ 10,139,514
$ (82,800)
(0.8)
* This percentage is the change in overall totals, not the column.
Property tax is the largest source of revenue for the General Fund of the Kodiak Island Borough.
The minor decrease in property taxes is a result of correcting the Borough's method of
accounting for property taxes receivable. Prior to fiscal year 2000, the Borough did not defer
property taxes receivable that had not been collected within sixty days of fiscal year -end. During
2000, the Borough elected to change this policy before the amounts became significant.
Severance tax revenues increased from $1,006,290 in fiscal year 1999 to $1,175,650 in fiscal
year 2000. The tax related to the fishing industry increased by $151,047 while the severance tax
on timber increased by $17,132; the remaining difference was due to the mining industry.
The decrease in intergovernmental revenue is due to payments from the state revenue sharing
sources. In fiscal year 2000, we received $1,088,742 and in 1999 we received $1,417,887, a
decrease of $329,146.
The licenses, permits, fees and other revenue decrease is attributed to the receipt of $30,665 in
fiscal year 1999 for Emergency Medical Services. This receipt was not received in fiscal year
2000 as the funds went directly to another agency rather than being passed through the Borough.
The Borough had more investment income in fiscal year 2000 due to better returns on
investments; $119,837 more than last year.
The following chart compares General Fund expenditures and operating transfers by function for
the years ending June 30, 1991, and June 30, 2000:
Year ended 1991 Year ended 2000
CJwro and Re Oon
11%
nmeM
Q
nvmmant
b
PuE10 Solely
1%
RWM and Sanaaaon
0%
Ed
RedN and SsnPAWn
13%
xviii
Comaaaary Devalopnaa
7%
a il
'1
Changes in expenditures for major General Fund functions of the Borough over the preceding
year are shown in the following tabulation:
The decrease in public safety is mainly attributed to the decrease funding for the city ambulance
service and the elimination of the emergency medical service funds, which went to another
agency rather than being passed through the Borough. A decrease in operating transfers is the
primary reason for the decrease in health and sanitation, as well as education. Reductions in
contributions to non - profit agencies resulted in the decrease in culture and recreation.
Community development decreased due to a decrease in salary expense, data services, and higher
allocations to other funds.
It is the goal of the Kodiak Island Borough to maintain a General Fund balance of at least 1 to 2
million dollars. The fund balance as of June 30, 2000 was $1,142,515. This is $359,056 more
than the June 30, 1999 balance of $783,459. The following table reflects the fund balance of the
General Fund at the close of business for the past ten fiscal years:
General Fund Balance
Last ten fiscal years
I xix
1991 1992 1983 1694 1995 1996 1997 199E 1990 2000
Increase (Decrease)
2000
1999
Amount
Percent
General Government $
2,122,138
$ 2,104,920
$ 17,218
0.8
Public Safety
119,805
179,746
(59,941)
(33)
Health and Sanitation
613,873
1,002,058
(388,185)
(39)
Education
6,500,341
7,044,970
(544,629)
(8)
Culture and Recreation
166,630
208,930
(42,300)
(20)
!'
Community Development
304,701
417,268
(112,567)
(27)
Total $
9,827,488
$ 10,957,892
$ (1,130,404)
(10)
• This percentage is the change in overall totals, not the column.
The decrease in public safety is mainly attributed to the decrease funding for the city ambulance
service and the elimination of the emergency medical service funds, which went to another
agency rather than being passed through the Borough. A decrease in operating transfers is the
primary reason for the decrease in health and sanitation, as well as education. Reductions in
contributions to non - profit agencies resulted in the decrease in culture and recreation.
Community development decreased due to a decrease in salary expense, data services, and higher
allocations to other funds.
It is the goal of the Kodiak Island Borough to maintain a General Fund balance of at least 1 to 2
million dollars. The fund balance as of June 30, 2000 was $1,142,515. This is $359,056 more
than the June 30, 1999 balance of $783,459. The following table reflects the fund balance of the
General Fund at the close of business for the past ten fiscal years:
General Fund Balance
Last ten fiscal years
I xix
1991 1992 1983 1694 1995 1996 1997 199E 1990 2000
PROPRIETARY OPERATIONS
In fiscal year 2000, the Municipal Solid Waste Fund had an operating income of $68,670. This
increase follows an operating gain of $386,873 for fiscal year 1999. The major contributor to the
decrease from last year was the closure/post closure expense of $128,623. In fiscal year 1999 the
closure/post closure expense had a credit adjustment of $260,731.
On April 22, 1997 the Kodiak Island Borough leased the Kodiak Island Hospital to Providence
Health System in Alaska. The Hospital Facilities Fund accounts for the bonded debt related to
the construction of the hospital addition. The main source of revenue is the monthly lease
payment of $60,000. The hospital also receives a portion of state revenue sharing. Their portion
for fiscal year 2000 was $44,883, a $22,444 reduction from fiscal year 1999. Their lease
stipulates that profits will be shared with the Borough on an equal basis, with the maximum
amount in one year of $600,000, but Providence will absorb losses. The Borough received
$217,662 for gain on operations, a $202,951 reduction from fiscal year 1999.
The 911 Service Fund was established to collect money in order to pay for installation and
maintenance on an automatic call out system for emergency services. The Borough receives
seventy -five cents per phone line that is billed within the vicinity of the City of Kodiak. The
billing is done by the phone company and then remitted to us. We, in turn, send the money to the
City of Kodiak for the 911 service equipment that has been installed at the police station. This
system allows for location of the caller, even if the caller is unable to speak.
The Kodiak Fisheries Research Center (KFRC) became operational in October 1998. The Center
is home to the National Oceanic and Atmospheric Administration, (NOAA), Alaska Department
of Fish and Game, and the University of Alaska — Fairbanks. The source of income for KFRC is
lease payments. The major contributor in rent is NOAA. The center was developed as a multi -
agency research facility committed to the preservation of the North Pacific marine ecosystem and
resources. The Borough maintains the building, pays all expenses, and manages the interpretive
center in the building as a public display area.
FIDUCIARY OPERATIONS
The Kodiak Island Borough handles all fiduciary activity regarding the collection of Public
Employees Retirement System (PERS) payments, property tax collected on behalf of the City,
and payroll taxes, with the same care and due diligence that we exercise with any of our funds.
All monies due are withheld, collected, accounted for, and remitted promptly.
Periodically, the State of Alaska informs each participating entity of the PERS of changes in
employee and employer contribution rates. Amounts are budgeted, withheld, and remitted
accordingly. Annually the State of Alaska PERS revises the actuarial assumptions. When such
occurrence creates a deficiency, that amount is paid within the period of notification or when a
subsequent budget is adopted.
xx
The Borough administers property tax collections for all governmental entities within the Kodiak
Island Borough. For service areas within the Borough, the revenue is recognized in that area's
particular fund. Property taxes collected for the City of Kodiak are remitted monthly for the
amount collected the previous month.
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, 1989 $ 1,155,000
General Obligation, 1993 5,295,000
General Obligation, 1994 1,030,000
General Obligation, 1998 9,545,000
State of Alaska, ADEC Loans 105,272
Environmental Protection Agency Loan 93,749
Total $ 17,224,021
State of Alaska Statutes and the Kodiak Island Borough Code do not establish a legal debt
margin. The voters of the Kodiak Island Borough ultimately determine the amount of debt that
can be outstanding.
The Borough has an eight million - dollar revenue bond authorized but not issued. Currently it is
shown as an interfund receivable /payable between the Kodiak Fisheries Research Center and the
Facilities Fund.
General Obligation,
School Refunding, 1989
General Obligation, 1993
General Obligation, 1994
General Obligation, 1998
Moody's Investors Standard
Service and Poors Fitch's
Aaa
Aaa
Aaa
AAA
AAA
AAA
AAA AAA
1I
'' xxi
As of June 30, 2000, net per capita bonded debt is $1,199. For comparison purposes, the
following is the net per capital bonded debt for the past ten years:
General Bonded Debt Per Capita
Last ten fiscal years
$1,800
$1,600
$1,400
$1,200
$1,000
$800
$600
$400
$200
$0
CASH MANAGEMENT
Effective cash management is essential to the long -term stability and profitability of any
organization. Day -to -day cash management is considered a priority within the Borough, and we
utilize proper monitoring procedures for timely receipt and deposit of all funds.
INVESTMENT POLICIES
The Borough Finance Director is the central treasurer for all Borough funds. This includes both
the Borough and School District. The Borough uses a cash pool concept in which all funds are
self- balancing. Each fund is a unique entity and 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 ".
Deposits are made daily and all idle funds are invested on the following day. The Borough
recognizes that there is frequently some exposure to uninsured and uncollateralized deposits.
Great strides have been made in minimizing this exposure through increased collateral and
selection of banks and brokers with additional insurance. A local servicing bank "sweeps" the
total balances to another account on a daily basis. At this time $4,000,000 of Kodiak Island
Borough Ambac insured bonds collateralize this account. A third -party bank (State Street Bank)
holds this collateral.
All new investments are purchased on a delivery versus payment system. This means 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. The servicing bank holds accounts for
xxii
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
'i
'i
all investments in the Borough's name. Management feels that this is the safest way of holding
our investments.
The Borough's investment policy is far more restrictive than that of many governments. The
operational parameters are 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, a
third -party bank, State Street, holds all investments and collateral.
During the past year, the investments of the Borough have fluctuated between $16 and $26
million. Interest rates for our fiscal year started at 4.68 percent to 5.51 percent in early July 1999.
At year -end, investments were earning from 5.85 percent to 7.23 percent for an average yield of
6.38 percent. We ended the year with investment earnings for all funds in the amount of
$1,509,328.
RISK MANAGEMENT
"Risk management" is a term used to describe those activities practiced by managers to minimize
or control exposure to potential losses. Mention the word "risk management" and most people
think of insurance, which is the traditional method used to manage risks. Insurance provides
financial protection against accidental loss but cannot prevent losses. However, by managing
exposure, we can prevent unexpected losses.
The Kodiak Island Borough has increased risk management activities as a result of several
i factors, one being the increased state and federal regulations related to this issue. We have a
Safety Committee that meets monthly and discusses the accident prevention program and
develops loss prevention policies in an effort to manage risk exposure. Several areas of concern
' are now addressed including hazardous material management, bloodborne pathogens, sexual
harassment awareness, accident prevention, ergonomics, and evaluation of work environments to
i prevent cumulative trauma. The Borough presents training to employees to address these and
other issues as part of the accident prevention program, an integral component of an effective risk
management program.
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 independent auditors' report has been included in this report.
U
I xxiii
The Alaska Statutes require single audits and define these requirements in 2 AAC 45.010.
The Borough also complies with the "Federal Single Audit Act of 1984" as amended by the
"Single Audit Act Amendments of 1996 ", and the "Drug -Free Workplace Act of 1988."
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, 1999. 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 a 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 twelve consecutive years (fiscal years ended 1988 - 1999).
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 Government Finance Officers Association of the United States and Canada (GFOA) has
presented a Distinguished Budget Presentation Award to the Kodiak Island Borough for its
annual budget for the last ten consecutive years (fiscal years beginning July 1, 1990 through
July 1, 1999). The Borough has submitted its annual budget for the fiscal year beginning
July 1, 2000, and believes that it will also meet the criteria for this award.
In order to receive this award, a government unit must publish a budget document that meets
program criteria as a policy document, as an operating guide, as a financial plan, and as a
communications medium.
xxiv
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,
4 &' . 4. 4
KARLETON G. SHORT
DIRECTOR OF FINANCE
'I
U
I xxv
FINANCIAL SECTION
1
1
1
1
J
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.
lJ
1
' The Honorable Mayor and Members of the Assembly
Kodiak Island Borough
Kodiak, Alaska
We have audited the accompanying general purpose financial statements of Kodiak Island
Borough (the Borough), Alaska, as of June 30, 2000, and for the year then ended, listed in the
foregoing table of contents. These general purpose financial statements are the responsibility of
the management of Kodiak Island Borough, Alaska. Our responsibility is to express an opinion
on these general purpose financial statements based on our audit.
We conducted our audit in accordance with auditing tandards generally accepted in the United
g g Y P
States of America and the standards applicable to financial audits contained in Government
Auditing Standards issued by the Comptroller General of the United States. Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the
general purpose financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the general
purpose 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, such general purpose financial statements present fairly, in all material respects,
the financial position of the Kodiak Island Borough, Alaska, at June 30, 2000, and the results of
its operations and the cash flows of its proprietary fund types for the year then ended in
conformity with accounting principles generally accepted in the United States of America.
Our audit was conducted for the purpose of forming an opinion on the general purpose financial
statements taken as a whole. The combining and individual fund and account group financial
statements and schedules listed in the foregoing table of contents, are presented for the purpose
of additional analysis and are not a required part of the general purpose financial statements of
Kodiak Island Borough, Alaska. These financial statements and schedules are also the
responsibility of the management of Kodiak Island Borough, Alaska. Such additional
information has been subjected to the auditing procedures applied in our 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 a whole.
' Deloitte
Touche
Tohmatsu 1
Deloitte & Touche LLP
Suite 1500
550 West 7th Avenue
Anchorage, Alaska 99501
Tel: (907) 272 -8462
Fax: (907) 264 -3181
www.us.deloitte,com
Deloitte
& Touche
INDEPENDENT AUDITORS' REPORT
' The Honorable Mayor and Members of the Assembly
Kodiak Island Borough
Kodiak, Alaska
We have audited the accompanying general purpose financial statements of Kodiak Island
Borough (the Borough), Alaska, as of June 30, 2000, and for the year then ended, listed in the
foregoing table of contents. These general purpose financial statements are the responsibility of
the management of Kodiak Island Borough, Alaska. Our responsibility is to express an opinion
on these general purpose financial statements based on our audit.
We conducted our audit in accordance with auditing tandards generally accepted in the United
g g Y P
States of America and the standards applicable to financial audits contained in Government
Auditing Standards issued by the Comptroller General of the United States. Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the
general purpose financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the general
purpose 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, such general purpose financial statements present fairly, in all material respects,
the financial position of the Kodiak Island Borough, Alaska, at June 30, 2000, and the results of
its operations and the cash flows of its proprietary fund types for the year then ended in
conformity with accounting principles generally accepted in the United States of America.
Our audit was conducted for the purpose of forming an opinion on the general purpose financial
statements taken as a whole. The combining and individual fund and account group financial
statements and schedules listed in the foregoing table of contents, are presented for the purpose
of additional analysis and are not a required part of the general purpose financial statements of
Kodiak Island Borough, Alaska. These financial statements and schedules are also the
responsibility of the management of Kodiak Island Borough, Alaska. Such additional
information has been subjected to the auditing procedures applied in our 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 a whole.
' Deloitte
Touche
Tohmatsu 1
U
The statistical data on pages 125 through 139 are presented for the purpose of additional analysis
and is not a required part of the general purpose financial statements of the Kodiak Island
Borough, Alaska. Such additional information has not been subjected to the auditing procedures
applied in our audit of the general purpose financial statements and, accordingly, we express no ,
opinion on it.
In accordance with Government Auditing Standards, we have also issued our report dated
October 6, 2000, on our consideration of Kodiak Island Borough's internal control over financial
reporting and our tests of its compliance with certain provisions of laws, regulations, contracts
and grants. That report is an integral part of an audit performed in accordance with Government '
Auditing Standards and should be read in conjunction with this report in considering the results
of our audit.
"Dja;*-,, � 7; z..4- e
October 6, 2000, except for Note 19, as to which
the date is December 14, 2000
2
KODIAK ISLAND BOROUGH
COMBINED BALANCE SHEET - ALL FUND TYPES, ACCOUNT GROUPS
AND DISCRETELY PRESENTED COMPONENT UNIT
JUNE 30, 2000 (with comparative totals for 1999)
Proprietary
Governmental Fund Types Fund Type
Special Debt Capital
General Revenue Service Projects Enterprise
ASSETS AND OTHER DEBITS
ASSETS:
Equity in central treasury
$ 650
$ 1.088,574
$ 134,886
$ 80,447
$ 333,191
Temporary investments
2,983,700
9,115,342
694,611
297,690
1,855,146
Other cash and cash equivalents
-
-
-
-
-
Receivables:
Accounts and other receivables, net
353,934
137,300
17,318
7,422
522,114
State of Alaska
173,353
138,498
-
22,909
31,094
Federal Government
-
16,027
-
-
Property taxes, net of
allowance of $15,829
284,871
-
-
-
-
Land sales contracts, due
within one year
-
58,364
-
-
-
Due from other funds
745.074
1,012,590
-
323,149
547,935
Due from primary government
-
-
-
-
Inventories
-
-
-
-
277,007
Prepaid expenses/expenditures
-
8,164
-
-
-
Long -term interfund advances
-
7,595,000
-
-
Restricted assets:
With fiscal agent
-
-
-
Land sales contracts receivable, due
after one year
-
84.151
-
Fixed assets, net of accumulated
depreciation where applicable
-
-
-
-
46,755,630
Construction work -in- progress
-
-
-
-
1,941.032
OTHER DEBITS:
Amount to be provided for claims
and judgements
-
-
-
-
-
Amount available in debt service fund
-
-
-
-
'
Amount to be provided for retirement
of general long -term debt
-
-
-
-
-
TOTAL
$ 4.541.582
$ 19.254,010
$ 846.815
$ 731.617
$ 52.263.149
The accompanying notes are an integral part of these combined financial statements.
4
EXHIBIT 1
Total
primary Component Totals
Account Groups government unit reporting entity
General General long- (memorandum School (memorandum only)
fixed assets term debt only) District 2000 1999
$ $ $ 1,637,748 $
14,946,489
1,038,088
365,854
16,027
284,871
58,364
2,628.748
277,007
8,164
7,595,000
- - 84,151
101,451,830 148,207,460
- 1,941,032
-
$ 1,637,748
$ 118,323
-
14,946,489
11,472,886
389,608
389,608
320,593
3,720
1,041,808
878,572
872,803
1,238,657
1,138,188
198,474
214,501
39,383
-
284,871
203,119
-
58,364
71,795
1,082,281
3,711,029
4,465,776
2,463,504
2,463,504
2,953.847
224,210
501,217
521,145
-
8,164
8,424
7,595,000
7,805,000
-
-
218,013
-
84,151
69,188
4,007,064
152,214,524
149,222,301
-
1,941,032
4,563,935
- 1,350.000
1,350.000
46,500 1,396.500
86,500
- 404,657
404.657
- 404.657
462,300
- 16,951.370
16.951.370
- 16.951.370
18.966.795
$ 101.451,830 $ 18.706.027
$ 197.795.030
$ 9,288.164 $ 207.083.194
$ 203.586.083
(continued)
5
�I
KODIAK ISLAND BOROUGH
COMBINED BALANCE SHEET - ALL FUND TYPES, ACCOUNT GROUPS
AND DISCRETELY PRESENTED COMPONENT UNIT
JUNE 30, 2000 (with comparative to tals for 1999)
Proprietary
Governmental Fund Types Fund Type
Special Debt Capital
General Revenue Service Projects Enterprise
LIABILITIES. FUND EQUITIES AND
OTHER CREDITS
LIABILITIES:
Accounts payable
Cash overdraft
Retainages payable
Accrued compensation, annual leave,
payroll taxes and related benefits
Other accrued liabilities
Customer deposits
Deferred revenues
Claims and judgements
Due to City of Kodiak
Due to component unit
Due to other funds
Due to student organizations
Current portion of notes payable
Current portion of capital lease obligation
Accrual for landfill closure and postclosure costs
Notes payable
Capital lease obligation
Long -term interfund borrowings
General obligation bonds payable
Environmental Protection Agency loan
Alaska Department of Environmental
Conservation loans
Total liabilities
FUND EQUITIES AND OTHER CREDITS:
Contributions in aid of construction, net
Investment in general fixed assets
Contributed capital
Accumulated deficit
Fund balances:
Reserved:
$ 86,436
$ 83,186 $ - $
12,660
$ 297,892
-
- -
3,707
78,750
48.475
118
-
-
-
-
35.150
51,262
-
650 -
-
-
261.240
173.052 -
25,354
-
21,879
- -
$ 846.815 $ 731.617 $ 52,263.149
-
2,528,819
- -
-
-
452,218
810,043 442,158
4,038
920,291
_
592,013
_ -
261.984
2,066.758
_
-
2,231,467
1,074,993
7,595,000
1.067.049 442.158
15.170.410
45.759
3.399.067
_
_ -
-
31,807,987
_
5,382,203
_
(97,451)
Encumbrances
-
59,459
Fuel inventory
-
- -
Long -term interfund borrowings
-
7,595.000
-
Subsequentyearexpenditures
341,900
35.150
- - -
Unreserved
800.615
10.556.811
404.657 626.399 -
Total fund equities and other credits
1.142.515
18.186.961
404.657 685.858 37,092.739
TOTAL
$ 4,541.582 $ 19.254.010
$ 846.815 $ 731.617 $ 52,263.149
The accompanying notes are an integral part of these combined financial statements.
l
1
1
EXHIBIT 1, continued
Total
primary Component Totals
Account Groups government unit reporting entity
General General long- (memorandum School (memorandum only)
fixed assets term debt only) District 2000 1999
$ - $
$ 480.174
$ 201,332 $
681,506 $
918,758
_
-
-
340,427
-
82.457
-
82,457
113.826
132,006
180.599
2,240,342
2,420,941
2,784,290
-
51,262
-
51,262
-
-
650
-
650
600
-
459,646
136,963
596,609
317,400
1,350.000
1,350.000
86,500
1,436,500
125,500
- -
21.879
-
21,879
8,280
- -
2.528.819
-
2,528,819
2,953,847
- -
2,628,748
1,082.281
3,711,029
4,465,776
- -
-
307,731
307,731
251,097
-
592.013
-
592,013
556,625
-
261.984
-
261,984
376,984
-
2,066.758
-
2,066.758
1,939,400
- -
2,231.467
-
2,231,467
2,310,230
-
1,074,993
-
1,074,993
640,783
-
7,595.000
-
7,595,000
7,805,000
17,025,000
17.025.000
-
17,025.000
18.910,000
93,749
93.749
-
93,749
114,583
105.272
105.272
-
105.272
104.947
- 18,706.027
38.830.470
4.055.149
42.885.619
45.038.353
- -
31,807.987
-
31.807,987
32,777,958
101,451,830
101,451.830
4,007,064
105,458,894
104,936.964
-
5.382.203
-
5,382,203
5,382,203
-
(97,451)
-
(97,451)
(779,624)
59.459
129.249
188,708
827,982
-
-
208.449
208,449
185,783
-
7,595.000
-
7,595,000
7,805.000
-
377,050
46.500
423,550
922,104
-
12.388.482
841.753
13.230.235
6.489,360
101.451.830 -
158.964.560
5.233.015
164,197,575
158.547,730
$ 101,451.830 $ 18,706.027
$ 197,795.030
$ 9,288.164 $
207.083,194 $
203.586.083
7
1
KODIAK ISLAND BOROUGH
COMBINED STATEMENT OF REVENUES,
EXPENDITURES, TRANSFERS, AND CHANGES IN FUND BALANCES
ALL GOVERNMENT FUND TYPES AND DISCRETELY PRESENTED COMPONENT UNIT
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
Special
Debt
General
Revenue
Service
REVENUES:
Property taxes
$ 6,623,808
$ 487,853
$ -
Intergovernmental:
State sources
1,109,903
963,227
Federal sources
660.137
32,291
-
Land sale proceeds
-
4,319,461
Severance taxes
1,175,650
-
-
E
Licenses, permits, fees and other local revenues
128,864
240.042
-
Investments and property
358,352
765,657
23,700
In -kind services
Other
-
6.623
-
Total revenues
EXPENDITURES:
10.056,714
6,815,154
23,700
Current:
Borough Assembly
140.397
-
-
s
Borough Manager
187,047
-
Borough Clerk
226,573
-
-
Borough Attorney
197,868
-
-
Finance department
369,652
-
-
Assessing department
279,320
-
-
Community Development department
304,706
63,594
-
Building Official
120,472
-
-
}
Economic development
37,755
-
-
inistration
General and Administration
177,874
1,354,049
,20 0
Emergency Preparedness
2.791
-
-
School District Support
596,143
-
-
Health and Sanitation department
279,109
479,029
-
Education, Culture and Recreation
161,500
-
Management Information Systems
329,266
Capital outlay:
k
Schools
i
Service district maintenance
213,485
-
General
-
Debt service:
Principal
-
-
1,905,834
Interest
855,916
Fiscal agent fees
-
-
2.247
Total expenditures
3,410.473
2,110,157
2.768,197
Excess (deficiency) of revenue over (under) expenditures
6,646.241
4,704.997
(2,744,497)
OTHER FINANCING (USES) SOURCES:
Operating transfers in from component unit
-
-
1,621,398
Operating transfers in from other funds
21,746
682,044
1,091,113
Operating transfers in from primary government
-
-
Operating transfers out to component unit
(5,556,310)
-
-
Operating transfers out to other funds
(860,705)
(581,418)
(25,657)
Operating transfers out to primary government
-
Proceeds from issuance of long -term debt
-
s
Payment to refunded bond escrow agent and issue costs
-
-
Net other financing (uses) sources
(6,395.269)
100.626
2,686,854
Excess (deficiency) of revenues and other financing
sources over (under) expenditures and other financing uses
250,972
4,805.623
(57,643)
FUND BALANCES, at beginning of year
783,459
13,381,338
462,300
Residual equity transfers in (out)
108.084
-
-
Adjustments to reserve for fuel inventory
y
FUND BALANCES. at end of year
$ 1,142.515
$ 18,186.961
S 404.657
The accompanying notes are an integral part of these combined financial statements.
8
EXHIBIT 2
V)
Total
Component
140.397
136,417
primary
unit
Totals - reporting entity
Capital
government
School
(memorandum only)
Projects
(memorandum only)
District
2000
1999
197,868
$ -
$ 7.111.661
$ -
$ 7,111,661
$ 7,171,906
13,498
2,086.628
16.970.116
19,056.744
19,697,598
39,366
731,794
3,748.520
4,480,314
4,241,350
-
4,319,461
-
4,319.461
4,158,858
92,273
1,175.650
-
1,175,650
1,006,290
(9,630)
359,276
468,705
827,981
876,837
2,303
1,150.012
-
1,150.012
1,415,086
2,384
-
774,452
774,452
852,870
26,659,010
6.623
-
6.623
758,138
45.537
16.941.105
21,961.793
38,902.898
39,420.795
V)
140.397
140.397
136,417
187,047
187.047
254,593
226.573
226,573
287,720
197,868
197,868
155,800
369,652
369,652
562,370
-
279,320
279,320
318,896
-
368.300
368,300
491,954
-
120.472
120,472
92,273
-
37.755
-
37,755
72,225
-
1,536.123
-
1,536,123
1,677,757
-
2,791
-
2.791
2,384
-
596.143
26,017,009
26.613.152
26,659,010
-
758,138
-
758,138
1,148,706
-
161.500
161,500
196,300
-
329,266
329,266
-
5.487
5.487
5.487
963,893
-
213.485
213.485
303.797
144.628
144,628
144,628
4,166.635
-
1,905.834
1,905.834
1,915,833
855,916
855,916
852,040
-
2.247
-
2.247
1,612
150.115
8.438.942
26,017.009
34,455.951
40.260,215
(104.578)
8.502.163
(4,055.216)
4,446,947
(839,420)
-
1,621.398
-
1,621.398
1,650.598
222.640
2,017.543
142.295
2,159.838
2,572,342
-
-
5,556,310
5,556.310
5,655,840
(5,556.310)
-
(5,556,310)
(5,655,840)
(1.467.780)
(142.295)
(1,610,075)
(2,939,473)
(1,621,398)
(1,621,398)
(1,650,598)
-
-
9,769,485
-
-
-
-
(9,764.236)
222.640
(3.385.149)
3.934,912
549.763
(361.882)
1 18.062
5,117.014
(120.304)
4,996,710
(1,201,302)
271.041
14.898.138
1,332.091
16,230.229
17,668.760
296.755
404,839
-
404.839
(234.276)
-
-
14,164
14.164
(2.953)
$ 685.858 $
20.419.991
$ 1.225.951
$ 21.645.942
$ 16.230.229
V)
KODIAK ISLAND BOROUGH
COMBINED STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
GENERAL FUND, SPECIAL REVENUE FUNDS AND DEBT SERVICE FUNDS
YEAR ENDED JUNE 30, 2000
General Fund
Variance-
favorable
Budget Actual (unfavorable)
REVENUES:
Property taxes
Intergovernmental:
State sources
Federal sources
Land sale proceeds
Severance taxes
Licenses, permits, fees and other local revenues
Other
Investments and property
Total revenues
EXPENDITURES:
Current:
Borough Assembly
Borough Mayor
Borough Clerk
Borough Attorney
Finance department
Assessing department
Community Development department
Building Official
Economic development
General and Administration
Emergency Preparedness
School District Support
Health and Sanitation Department
Education, Culture and Recreation
Management Information Systems
Capital outlay:
Service district maintenance
Debt service:
Principal
Interest
Fiscal agent fees
Total expenditures
$ 6,924,230 $6,623,808 $ (300,422)
1,128,500
1,109,903
(18,597)
695,250
660,137
(35,113)
1,044,250
1,175,650
131,400
136,325
128,864
(7,461)
250,000
358,352
108,352
10,178,555
10,056,714
(121,841)
Net other financing (uses) sources
(6,412,110)
146,520
140,397
6,123
192,170
187,047
5,123
267,270
226,573
40,697
202,000
197,868
4,132
387,540
369,652
17,888
283,720
279,320
4,400
359,060
304,706
54,354
144,600
120,472
24,128
49,000
37,755
11,245
241,587
177,874
63,713
5,500
2,791
2,709
576,835
596,143
(19,308)
313,067
279,109
33,958
168,200
161,500
6,700
343,836
329,266
14,570
3,680,905 3,410,473 270,432
Excess (deficiency) of revenues over (under) expenditures
6,497,650
6,646,241 148,591
OTHER FINANCING (USES) SOURCES:
Operating transfers in from component unit
-
- -
Operating transfers in from other funds
-
21,746 21,746
Operating transfers to component unit
(5 ,556,310)
(5,556,310) -
Operating transfers out to other funds
(855,800)
(860,705) (4,905)
Net other financing (uses) sources
(6,412,110)
(6,395,269) 16,841
Excess (deficiency) of revenues and other financing sources
over (under) expenditures and other financing uses $ 85,540 250,972 $$ 165.432
FUND BALANCES, at beginning of year 783,459
Residual equity transfer in 108,084
FUND BALANCES, at end of the year $1,142,515
The accompanying notes are an integral part of these combined financial statements.
10
EXHIBIT 3
Special
Revenue Funds
4,976
Debt Service Funds
-
-
6,008,535
Variance-
4,654,486
Variance-
4,200
30,200
favorable
479,029
favorable
Budget
Actual
(unfavorable)
Budget Actual
(unfavorable)
$ 462,100
$ 487,853
$ 25,753
$ - $ -
$ -
946,843
963,227
16,384
- -
-
128,310
32,291
(96,019)
- -
-
4,154,030
4,319,461
165,431
- -
-
307,680
240,042
(67,638)
- -
-
-
6,623
6,623
- -
-
1,058,201
765.657
(292,544)
4,000 23,700
19,700
7,057.164
6,815.154
(242.010)
4,000 23,700
19.700
68,570
63,594
4,976
-
-
-
6,008,535
1,354,049
4,654,486
34,400
4,200
30,200
540,048
479,029
61,019
-
-
-
286,350
213,485
72,865
-
-
-
-
-
-
1,922,340
1,905,834
16,506
-
-
-
841,850
855,916
(14,066)
-
-
-
10,000
2,247
7,753
6,903.503
2,110,157
4,793.346
2,808,590
2,768,197
40,393
153,661
4,704.997
4,551,336
(2,804.590)
(2,744,497)
60,093
-
-
-
1,496,690
1,621,398
124,708
-
682,044
682,044
1,064,591
1,091,113
26,522
-
(581.418)
(581.418)
-
(25,657)
(25,657)
-
100,626
100.626
2,561,281
2,686.854
125,573
$ 153.661
4,805,623
$ 4,651.962
$ (243.309)
(57,643)
$ 185,666
13,381,338
462,300
11
KODIAK ISLAND BOROUGH
EXHIBIT 4 ,
COMBINED STATEMENT OF REVENUES, EXPENSES, TRANSFERS
AND CHANGES IN RETAINED EARNINGS (ACCUMULATED DEFICITS)
PROPRIETARY FUND TYPES
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
OPERATING REVENUES:
Solid waste collection
Solid waste disposal
State sources - revenue sharing
Charges for services/customer charges
Lease proceeds
Other
OPERATING EXPENSES:
Personnel services
Solid waste collection
Refuse disposal
Contracted services
Repairs and maintenance
Landfill closure and postclosure costs
Depreciation
Support goods and services
General and administration
Medicaid refund
Telephone services
Recycling services
Contributions
Operating income
OTHER INCOME (EXPENSES):
Loss on disposal of fixed assets
Interest income
Interest expense
Net (loss) income from continuing operations
TRANSFER (TO) FROM OTHER FUNDS:
Operating transfers in from other funds
Operating transfers out to other funds
Net operating transfers
a
1
(8,669)
Totals
(483)
reporting entity
Internal
(memorandum only)
Enterprise Service
2000
1999
(313.231)
1,448,922
$ 1,697,403 $
$ 1,697,403 $
1,638,078
975,557
975,557
855.554
44.883
44.883
67,327
63,695 -
63,695
708,332
2.214.342
2,214,342
1,715,891
354.557
354,557
520.253
5,350,437 -
5,350,437
5,505.435
465.852
465,852
887,770
1,176.729
1,176,729
1.131,856
298,831 -
298,831
139,565
349,613 -
349,613
313,334
308.056
308,056
42,891
128.623 -
128,623
(260,731)
2,119.851
2,119,851
759,736
3,359 -
3,359
156,508
240.606
240,606
471,743
27,494 -
27,494
21200
35,909
35,909
31,379
64,900
64,900
64,110
8.801
8,801
23.524
5.228.624
5.228.624
3,763.885
121.813
121.813
1,741.550
a
1
(8,669)
(8,669)
(483)
91,984
- 91,984
21,086
(249.089)
(43,961)
(249.089)
(43,961)
(313.231)
1,448,922
Net effect of residual equity transfer -
227.598 227,598
-
-
-
786,000
(549.763)
- (549.763)
(978.869)
(549,763)
- (549,763)
(192,869)
Amortization of contributions in aid of construction 1.048.299
- 1.048.299
54.340
Increase in retained earnings 454,575
- 454,575
1,310,393
Accumulated deficits at beginning of year (552,026)
(227.598) (779,624)
(2,090,017)
Net effect of residual equity transfer -
227.598 227,598
-
Retained earnings (accumulated deficits), at end of year $ (97.451)
$ - $ (97.451) $
(779,624)
The accompanying notes are an integral part of these combined financial statements.
12
I I KODIAK ISLAND BOROUGH
EXHIBIT 5
COMBINED STATEMENT OF CASH FLOWS
PROPRIETARY FUND TYPES
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
Totals
reporting entity
1 Internal (memorandum only)
Enterprise Service 2000 1999
OPERATING INCOME
ADJUSTMENTS TO RECONCILE
OPERATING INCOME TO NET CASH
PROVIDED BY OPERATING ACTIVITIES:
Depreciation
Loss on disposal of fixed assets
Net assets received from residual equity transfer
Changes in assets and liabilities, net of effects of the
transfer of assets and liabilities from other funds:
Accounts receivable:
Customers
Other
Prepaid expenses
Inventories
Due to /from other funds
Accounts payable
Deferred revenues
Accrual for landfill closure
and postclosure costs
Due to the City of Kodiak
Other accrued liabilities
Total adjustments
Net cash provided by
operating activities
CASH FLOWS FROM NONCAPITAL AND
RELATED FINANCING ACTIVITIES:
II� Operating transfers out to other funds
Operating transfers in from other funds
Net cash provided by noncapital
financing activities
II
lJ
11
U
$ 121,813 $ - $ 121,813 $ 1,741,550
2,119,851
- 2,119,851
759,736
8,669
- 8,669
24,036
_
_ -
1,486
(266,877)
- (266,877)
(17,950)
(471)
_
_ -
8,424
(2)
- (2)
2
(344,506)
- (344,506)
841,530
56,057
- 56,057
(18,270)
(60,000)
- (60.000)
-
127,358
- 127,358
(260,731)
_
_ -
(38,583)
472
- 472
5,760
1,641,022
- 1,641,022
1,304,969
1,762,835
- 1,762,835
3,046.519
(549,763)
- (549,763)
(978,869)
786,000
(549,763)
- (549,763)
(192,869)
(continued)
1 13
KODIAK ISLAND BOROUGH
EXHIBIT 5, continued
COMBINED STATEMENT OF CASH FLOWS
PROPRIETARY FUND TYPES (continued)
f
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
Totals
reporting entity
Internal (memorandum only)
Enterprise Service 2000 1999
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:
Acquisition and construction of capital assets
Interest paid on notes payable, capital leases,
and interfund borrowing
Proceeds from issuance of long -term
interfund borrowing
Proceeds from issuance of notes payable
Principal payments made on notes payable
Principal payments made on capital lease
Contributions in aid of construction
Net cash used in capital
and related financing activities:
CASH FLOWS FROM INVESTING ACTIVITIES:
Change in restricted assets:
Deductions from (additions to) restricted cash
Deductions from restricted investments
Interest and dividends on investments
Net increase (decrease) in investments
Net cash provided by (used in)
investing activities:
Net change in cash and cash equivalents
CASH AND EQUIVALENTS, at beginning of year
CASH AND EQUIVALENTS, at end of year
$ (898,109) $ - $ (898,109) $ (368,614)
(223,438)
- (223,438)
(313,231)
(195,000)
- (195,000)
-
513,249
- 513,249
418,869
(556,625)
- (556,625)
(525,666)
(308,401)
- (308,401)
(367,726)
265,662
- 265,662
-
(1,402,662)
- (1,402,662)
(1,156,368)
218,013
- 218,013
(9,810)
-
- -
139,520
81,065
- 81,065
19,977
223,603
- 223,603
(1,988,878)
522,681
- 522,681
(1,839,191)
333,091
- 333,091
(141,909)
100
- 100
142,009
$ 333,191 $
- $ 333,191
$ 100
NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES:
Contributions in aid of construction received $ 695,708 $ - $ 695,708 $ 30,529,979
NONCASH NONCAPITAL FINANCING ACTIVITIES
Residual equity transfers (296,755) 227,598 (69,157) 234,276
$ 398,953 $ 227,598 $ 626.551 $ 30.764,255
The accompanying notes are an integral part of these combined financial statements.
14
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KODIAK ISLAND BOROUGH
NOTES TO THE COMBINED FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2000
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. Reportine Entity
The Kodiak Island Borough (the Borough), Alaska, was organized to perform the municipal
duties allowed by Alaska Statutes and as directed by its residents. As required by generally
accepted accounting principles, these financial statements present the government and its
component unit, an entity for which the government is considered to be financially accountable.
The discretely presented component unit is reported in a separate column in the combined
financial statements to emphasize it is legally separate from the government. The Borough
reviewed its relationship with other organizations and determined that the following
organization is a component unit.
Kodiak Island Borough School District: The Borough has delegated the operating
responsibility for public education to the Kodiak Island Borough School District (the School
District). In accordance with statutes, the Borough retains ownership of the education 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.
Complete financial statements for the component unit may be obtained at the entity's
administrative offices for the Kodiak Island Borough School District.
Kodiak Island Borough School District
722 Mill Bay Road
Kodiak, Alaska 99615
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 cash flows 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.
Reclassification: Certain 1999 balances have been reclassified to conform to the current year
presentation.
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B. Measurement Focus, Basis of Accounting, and Basis of Presentation
The accounts of the Borough are organized and operated on the basis of funds and account
groups. A fund is an independent fiscal and accounting entity with a self - balancing set of
accounts. Fund accounting segregates funds according to their intended purpose and is used to
aid management in demonstrating compliance with finance- related legal and contractual
provisions. The minimum number of funds is maintained consistent with legal and managerial
requirements. Account groups are a reporting device to account for certain assets and liabilities
of the governmental funds not recorded directly in those funds.
The Borough has the following fund types and account groups:
Governmental funds are used to account for the Borough's general government activities.
Governmental fund types use the flow of current financial resources measurement focus and the
modified accrual basis of accounting. Under the modified accrual basis of accounting, revenues
are recognized when susceptible to accrual (i.e., when "measurable and available ").
"Measurable" means the amount of the transaction can be determined and "available" means
collectible within the current period or soon enough thereafter to pay liabilities of the current
period. The Borough considers all revenues available if they are collected within 60 days after
year end. Expenditures are recorded when the related fund liability is incurred, except for
unmatured interest on general long -term debt that is recognized when due, and certain
compensated absences and claims and judgments that are recognized when the obligations are
expected to be liquidated with expendable available financial resources.
Property taxes, severance taxes, licenses and interest are susceptible to accrual. Other receipts
and taxes become measurable and available when cash is received by the Borough and are
recognized as revenue at that time.
Entitlements and shared revenues are recorded at the time of receipt, or earlier if the susceptible
to accrual criteria are met. Expenditure driven grants are recognized as revenue when the
qualifying expenditures have been incurred and all other grant requirements have been met.
Governmental funds include the following fund types:
The general fund is the Borough's primary operating fund. It accounts for all financial resources
of the general government, except those required to be accounted for in another fund.
Special revenue funds account for revenue sources that are legally restricted to expenditure for
specific purposes, not including expendable trusts or major capital projects.
Debt service funds account for the servicing of general long -term debt not being financed by
proprietary or nonexpendable trust funds.
Capital projects funds account for the acquisition of fixed assets or construction of major capital
projects not being financed by proprietary or nonexpendable trust funds.
16
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Proprietary funds are accounted for on the flow of economic resources measurement focus and
use the accrual basis of accounting. Under this method, revenues are recorded when earned, and
expenses are recorded at the time liabilities are incurred. The Borough has elected to follow all
applicable Governmental Accounting Standards Board (GASB) pronouncements and all
Financial Accounting Standards Board (FASB) pronouncements issued on or before November
30, 1989 that are not in conflict with GASB pronouncements. Proprietary funds include the
following fund types:
Enterprise funds are used to account for those operations that are financed and operated in a
manner similar to private business or where the Borough Assembly has decided that the
determination of revenues earned, costs incurred and/or net income is necessary for management
accountability.
Account Groups: The general fixed assets account group is used to account for fixed assets not
accounted for in proprietary or trust funds. The general long -term debt account group is used-to
account for general long -term debt and certain other liabilities that are not specific liabilities of
proprietary or trust funds.
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 29.45.240, the Borough establishes the mill rate on or
before June 15. Tax bills are then mailed on or before July lst.
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,
one -half must be paid on or before August 15th and the remainder 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 following
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.
Real property tax liens are enforced by one general foreclosure proceeding against the delinquent
properties.
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 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
1 17
severance tax revenues are recognized in the fiscal year in which they become measurable and
available.
To ensure accuracy in the 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 Revenue and the State of Alaska Department of Fish and 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 - shared revenues, 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 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 Propert y : 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, and unrealized gains and losses on investments
held at fiscal year-end.
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 the associated 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 Budgetary Accounting
Borough
The Borough follows these procedures in establishing the budgetary data reflected in the
combined financial statements:
1. The Borough Manager 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 citizen comments.
18
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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 Borough Manager 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, are budgeted on an annual basis encompassing a
fiscal year. Budgets of Capital Projects Funds generally encompass the period from start-
up to project completion, which is generally greater than one year.
7. Appropriations lapse at year end to the extent that they have not been expended for all
funds, except Capital Projects Funds, which lapse at project completion.
8. Budgets adopted by the Borough Assembly are in accordance with generally accepted
accounting principles.
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 by ordinance to approve the School District
budget in total only and appropriate the necessary resources no later than April 30 of the current
fiscal year.
The School Board retains line item authority once the annual local appropriation is set by the
Borough Assembly.
1 19
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. Long -term
interfund transfers of funds are accounted for as long -term interfund advances/borrowings. See
Note 7 for additional disclosure.
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.
It is the Borough's policy to void all open purchase orders at year end that are not in the Capital
Projects funds.
Inventories
Expendable operating supplies of the Borough are accounted for using the purchase method, and
at June 30, 2000 there are no significant amounts of such inventories on hand. The Hospital
Enterprise Fund also has at June 30, 2000, amounts of inventory assigned to Providence as of
April 21, 1997 which, by the terms of the lease agreement for the hospital facilities (see Note 17),
are required to be returned to the Borough at the termination of the lease in at least equal value.
Retirement Plans
All full -time employees of the Borough and School District participate in either the Alaska
Public Employees' Retirement System or the Alaska Teachers' Retirement System . The Borough
and School District accrue pension expense that includes current costs and amortization of prior
service costs. The policy is to fund pension costs accrued.
Annual Leave
The Borough 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.
All funds record annual vacation leave as earned.
20
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E. Cash Flows
All highly liquid investments, excluding restricted assets, with original maturities of three
months or less are considered cash equivalents for purposes of the statement of cash flows.
F. Use of Estimates
Preparation of financial statements in accordance with generally accepted accounting principles
requires management to make estimates and assumptions that affect the amounts reported in
these financial statements. Actual results may differ from the estimates. Significant estimates
include the allowance for doubtful accounts, the useful lives of assets and related accumulated
depreciation, accrued landfill closure and post - closure care costs.
G. New Accounting and Reporting Standards
In June 1999, Statement No. 34 of the Governmental Accounting Standards Board, Basic
Financial Statements — and Management's Discussion and Analysis — for State and Local
Governments, was issued. This statement establishes new financial reporting requirements that
will result in greater accountability by state and local governments by providing more useful
information to a wider range of users. This statement also requires state and local governments
to present a government wide set of financial statements prepared on the accrual basis and to
record and to depreciate capital assets, including infrastructure assets. The impact of this new
standard has not been fully determined, however, the change will likely result in a significant
increase in equity as a result of recording all capital assets, including infrastructure assets. The
Borough is required to adopt this statement for the fiscal year beginning July 1, 2002.
In June 1998, the Financial Accounting Standards Board issued Statement of Financial
Accounting Standards (SFAS) No. 133, Accounting for Derivative Instruments and Hedging
Activities, which is effective for all fiscal years beginning after June 15, 2000. SFAS 133
establishes accounting and reporting standards for derivative instruments, including certain
derivative instruments embedded in other contracts and for hedging activities. Under SFAS 133,
certain contracts that were not formerly considered derivatives may now meet the definition of a
derivative. The Borough intends to adopt SFAS 133 for all enterprise funds effective July 1,
2000. Management does not expect the adoption of SFAS 133 to have a significant impact on
the financial position or results of operations of the Borough's enterprise funds because the
Borough's enterprise funds do not have significant derivative activity.
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 are
carried at fair value, as determined by quoted market prices.
21
At June 30, 2000, the carrying amount of the Borough and its Component Unit deposits was
$1,636,998 and the corresponding bank balance was $2,397,232. The year -end bank balance is
both insured by the Federal Deposit Insurance Corporation and collateralized by Government and
Agency Obligations and General Obligation Bonds of a Municipality. Collateral, in the amount
of $4,000,000, is held by the pledging financial institution's trust department or agent in the
Borough's name.
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.
Investments are categorized as follows to give an indication of the level of risk assumed:
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. The carrying amount of temporary investments approximates fair value. At
June 30, 2000, the Borough's investment balances were categorized as follows:
Category Carrying
1 2 3 amount
Investments - categorized:
U.S. Government Securities $12,618,475 $ - $ - $12,618,475
Investments - not categorized:
Alaska Municipal League Investment Pool 2,328,014
Total Investments $14,946,489
The Alaska Municipal League Investment Pool (AMLIP) is considered to be an external
investment pool as defined by GASB Statement No. 31. AMLIP is not SEC - registered. Alaska
Statute 37.23 establishes regulatory oversight of the pool. The law sets forth numerous
requirements regarding authorized investments and reporting. The pool is incorporated in the
State of Alaska as a nonprofit corporation and reports to its Board of Directors. Alaska Statute
37.23.050 requires the retention of an investment manger.
The manager is required to produce monthly disclosure statements to the pool. The pool also has
retained an investment advisor to ensure compliance with investment policies. All participation
in the pool is voluntary. The pool must maintain a dollar- weighted average maturity of 90 days
or less, and only purchase instruments having remaining maturities of 397 days or less. On a
monthly basis, the investments in the pool are reviewed for fair value by an independent pricing
service. As of June 30, 2000 the fair value of the investment in the pool approximates amortized
cost.
22
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The above bank deposits of $1,636,998, investments of $14,946,489 plus cash on hand of $750
totaling $16,584,237 are reported under the following captions in the combined financial
statements:
Equity in central treasury cash $ 1,637,748
Temporary investments 14,946,489
Total deposits and investments $ 16,584,237
The Borough reports investments at fair value in the balance sheet, and reports the changes in the
fair value of investments as revenue in the operating statement.
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, data processing services, the annual independent audit,
mental health services, and grounds maintenance services. These are reflected as in -kind
services in the financial statements of the School District.
NOTE 4: RETIREMENT COMMITMENTS
The School District, a component unit of the Borough, participates in the Alaska State Teachers'
Retirement System (TRS), a cost - sharing, multiple - employer pension plan that covers the School
District's certificated employees. The Alaska Public Employees' Retirement System (PERS),
covers most of the employees not covered by TRS and all Borough employees. Each plan issues
a publicly available financial report that includes financial statements and required
supplementary information. Those reports may be obtained from the State of Alaska,
Department of Administration, Division of Retirement Benefits, P.O. Box 110203, Juneau,
Alaska 99811 -0203.
A. PERS
Plan description: All regular employees of the Borough who work more than fifteen hours per
week participate in PERS. PERS is an agent multiple - employer, statewide defined benefit plan,
administered by the State of Alaska. Benefit and contribution provisions are established by
Chapter 35 of Alaska Statute Title 39, and may be amended only by state legislature. 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 percent of the member's three highest
23
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average monthly compensation for the first ten years of service, 2 -1/4 percent for the second ten
years of service and 2 -1/2 percent for all remaining years of service. All service earned prior to
July 1, 1986 will be calculated using the 2 percent multiplier. Employees with 30 or more years
of credited service (20 years for peace officers and firefighters) may retire at any age and receive
a normal benefit. The system also provides death and disability benefits and major medical
benefits.
Funding policy: Under State law, covered employees are required to contribute 6.75 percent of
their annual covered salary and the Borough is required to contribute an actuarially determined
rate - the current rate is 7.28 percent of annual covered payroll.
Annual pension cost: For the year ended June 30, 2000, the Borough's annual pension cost was
$146,118 for PERS which was equal to the required and actual contribution. The actuarial
required contribution was computed as part of an actuarial valuation as of June 30, 1998.
Significant actuarial assumptions used in the valuation include: (a) a rate of return on the
investment of present and future assets of 8.25 percent per year compounded annually and (b)
projected salary increases of 5.5 percent a year for the first five years of employment and 4.5
percent per year thereafter, with distinction made between amounts for inflation (4.0 percent),
merit for the first five years (1.0 percent), and productivity (0.5 percent). The actuarial value of
PERS assets was determined using techniques that smooth the effects of short-term volatility in
the fair value of investments over a five year period. The contribution rate for normal cost is
determined using the projected unit credit actuarial funding method. The excess of assets over
the actuarial accrued liability is amortized over a rolling 25 years, which is an open amortization
period. The percentage of pay method is used for amortization purposes.
Three -year trend information for PERS
B. Component Unit Retirement Commitments I
The following is a summary of selected information on the component unit's retirement
commitments. Complete pension disclosures are presented in the component unit financial
statements.
School District participation in PERS, a defined benefit agent multiple - employer plan, is separate
from the Borough's participation. Benefits are the same as described for the Borough's
participation. For the years ended June 30, 2000, 1999, and 1998, the School District's annual
24 1
Annual
Percentage Net
Year
pension
of APC pension
ended
cost (APC)
contributed obligation
6/30/1998
$180,700
100% $
6/30/1999
185,634
100% -
6/30/2000
146,118
100% -
B. Component Unit Retirement Commitments I
The following is a summary of selected information on the component unit's retirement
commitments. Complete pension disclosures are presented in the component unit financial
statements.
School District participation in PERS, a defined benefit agent multiple - employer plan, is separate
from the Borough's participation. Benefits are the same as described for the Borough's
participation. For the years ended June 30, 2000, 1999, and 1998, the School District's annual
24 1
pension cost was $271,733, $176,670, and $184,491 and equal to the required and actual
contributions.
TRS is a cost - sharing, multiple - employer defined benefit cost sharing plan. Benefit and
contribution provisions are established by Chapter 25 of Alaska Statute Title 14, and may be
amended only by the state legislature. Participation is compulsory for certified personnel.
Employees hired prior to July 1, 1990 with eight years or more of credited service are entitled to
annual pension benefits beginning at normal retirement age 55 equal to 2 percent of their highest
three -year average annual compensation for each year of service. The Plan permits early
retirement at age 50. For employees hired after June 30, 1990, the normal and early retirement
ages are 60 and 55, respectively. 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 or her benefit in the form of a joint 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.
For the years ended June 30, 2000, 1999, and 1998, the School District's annual pension cost for
TRS was $1,391,110, $1,600,327, and $1,317,184, which was equal to the required and actual
contribution.
C. Required Supplementary Information - Schedule of Funding Progress for PERS
(Dollar amounts in thousands and amounts for the primary government only)
25
Actuarial
Funding
Actuarial
accrued
Funding
Excess as a
Actuarial
value of
liability
Excess
Funded
Covered
percentage of
valuation
assets
(AAL)
(FE)
ratio
payroll
covered payroll
date
(a)
(b)
(a -b)
(a/b)
(c)
((a -b) /c)
6/30/1997
$ 7,988
$ 7,288
$ 700
110%
$ 3,179
22.0%
6/30/1998
9,698
8,303
1,395
117%
2,054
67.9%
6/30/1999
9,886
8,535
1,351
116%
1,864
72.5%
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NOTE 5: FIXED ASSETS
A summary of changes in the General Fixed Assets Account Group for the year ended
June 30, 2000 follows:
Government
Land
Buildings
Improvements other than buildings
Machinery and equipment
Construction work -in- progress
July 1, 1999 Additions Deductions June 30, 2000
$ 5,397,391
$ 38,992
$ 1,392
88,432,326
379,260
-
890,721
2,840,377
-
1,509,219
377,479
95,959
4,836,779
36,906
3,190,269
$101,066,436
$ 3,673,014
$ 3,287,620
$ 5,434,991
88,811,586
3,731,098
1,790,739
1,683,416
$ 101,451,830
The following is a summary of Proprietary Fund fixed assets at June 30, 2000:
Enterprise
Funds
Unclassified utility plant in service $ 2,205,383
Land and improvements 1,431,066
Building and improvements 44,040,019
Equipment 7,543,525
Construction work -in- process 1,941,032
57,161,025
Less: accumulated depreciation (8,464,363)
Net fixed assets $48,696,662
Depreciation lives for Proprietary Fund fixed assets are as follows:
Building and improvements 15 -20 years
Equipment 5 -20 years
An expenditure qualifies for capitalization as a fixed asset if the total cost is $500 or more, the
asset will last longer than one year, and the asset is not consumable. Improvements to an existing
asset that increase the life or value of that asset also qualify for capitalization, and are added to
the carrying amount of the original asset. All fixed assets are depreciated over the estimated
remaining useful life of the asset on a straight -line basis. The Borough does not capitalize either
infrastructure fixed assets or improvement to such.
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General Obligation
NOTE 6: LONG -TERM DEBT
The following is a summary of long -term debt for the year ended June 30, 2000:
Bonds - 1998 Series 3.25- 4.30% 8/15 -2/15 12/7/1998 2/15/2014 2 /15/2001
2/15/2002
2/15/2003
2/15/2004
2/15/2005
2/15/2006
2/15/2007
2/15/2008
2/15/2009
2/15/2010
2/15/2011
2/15/2012
2/15/2013
2/15/2014
Accrued annual leave 0.00%
Judgement payable (See Note 19)
State of Alaska
ADEC loans
Clean Water - Karluk 3.92-4-05% ** ** ** **
105,272
$ 18.7
* Interest free unless delinquent, then 7 percent plus fees and penalties
** These loans represent State of Alaska financial assistance programs, for which no payment schedules will be finalized,
or principal payments made, until the plans and specifications for the projects funded have been completed. The loans
are in the amounts of $350.000 and $50.000, and are to be repaid from general fund revenues of the Borough, and therefore
the debt is reported in the General Long -Term Debt Account Group. Interest begins accruing at the stated rates from the
date of each individual disbursement of loan proceeds to the Borough
28
50,000
50,000
50,000
55,000
55,000
60,000
60,000
1,150,000
1,200,000
1,250,000
1,305,000
1,360,000
1,420,000
1,480,000
9,545,000
132,006
1,350,000
Interest
Principal Payments
Issue
Maturity
_
Type of Debt
Rates Dates
Date
Dates
Dates
Amount
Environmental Protection Agency
Asbestos Abatement Loan
0.0% *
6/20/1985
12/31/2004
12/31/2000
$ 10,417
06/30 and 12/31
2000 thru 2004
8 x 10.417
93,749
General Obligation School
Refunding Bonds - 1989 Series
6.6 -8.0% 8/1 -2/1
5/1/1989
8/1/2000
8/1/2000
1,155,000
General Obligation
Bonds - 1993 Series
3.90 - 7.00% 8/15 -2/15
11/1511993
2/15/2006
2/15/2001
790,000
2/15/2002
825,000
2/15/2003
860,000
2/15/1904
900,000
2/15/2005
940,000
2/15/2006
980,000
5,295,000
General Obligation
Bonds - 1994 Series
5.40 - 5.50% 8/15 -2/15
11/15/1993
2115/2007
2 115/2007
1,030.000
NOTE 6: LONG -TERM DEBT
The following is a summary of long -term debt for the year ended June 30, 2000:
Bonds - 1998 Series 3.25- 4.30% 8/15 -2/15 12/7/1998 2/15/2014 2 /15/2001
2/15/2002
2/15/2003
2/15/2004
2/15/2005
2/15/2006
2/15/2007
2/15/2008
2/15/2009
2/15/2010
2/15/2011
2/15/2012
2/15/2013
2/15/2014
Accrued annual leave 0.00%
Judgement payable (See Note 19)
State of Alaska
ADEC loans
Clean Water - Karluk 3.92-4-05% ** ** ** **
105,272
$ 18.7
* Interest free unless delinquent, then 7 percent plus fees and penalties
** These loans represent State of Alaska financial assistance programs, for which no payment schedules will be finalized,
or principal payments made, until the plans and specifications for the projects funded have been completed. The loans
are in the amounts of $350.000 and $50.000, and are to be repaid from general fund revenues of the Borough, and therefore
the debt is reported in the General Long -Term Debt Account Group. Interest begins accruing at the stated rates from the
date of each individual disbursement of loan proceeds to the Borough
28
50,000
50,000
50,000
55,000
55,000
60,000
60,000
1,150,000
1,200,000
1,250,000
1,305,000
1,360,000
1,420,000
1,480,000
9,545,000
132,006
1,350,000
Authorized Prior Years Current Year
Fiscal Balance at Retired/ Balance at
Year Amount Issued Retired July 1. 1999 Issued Refunded June 30, 2000
1985
$ 375,000
$ 375,000
$ 260,417
$ 114,583 $
- $ 20,834
$ 93,749
1989
10,000,000
10,000,000
7,765,000
2,235,000
- 1,080,000
1,155,000
1994
9,215,000
9,215,000
3,160,000
6,055,000
-
760,000
5,295,000
1994
9,985,000
9,985,000
8,955,000
1,030,000
-
-
1,030,000
1999
9,740,000
9,740,000
150,000
9,590,000
-
45,000
9,545,000
2000
-
-
-
122,141
35,521
25,656
132,006
-
-
-
1,350,000
-
1,350,000
1998
400.000
104.947
-
104.947
325
-
105,272
$ 39,715.000
$ 39,419.947
$ 20.290.417
$ 19.251.671
$ 1.385.846
$ 1.931.490
$18.706.027
29
The annual requirements to amortize all general obligation bonded debt and the EPA loan
payable outstanding as of June 30, 2000, including interest payments of $5,761,116 on the
general obligation debt, are as follows:
General EPA Loan
June 30, obligation payables Total
2001
$ 2,740,493
$ 20,832
$ 2,761,325
2002
1,545,013
20,834
1,565,847
2003
1,542,251
20,832
1,563,083
2004
1,547,535
20,834
1,568,369
2005
1,544,3 85
10,417
1,554,802
Thereafter
13,866,439
-
13,866,439
$ 22,786.116
$ 93,749
$ 22,879,865
The amount of $272,651 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.
Refunding Bonds
On December 7, 1998, the Kodiak Island Borough issued $9,740,000 in General Obligation
Refunding Bonds with an average interest rate of 4.29 percent to advance refund $8,955,000 of
outstanding 1994 series General Obligation bonds with an average interest rate of 5.47 percent.
The net proceeds of $9,564,676 (after payment of $175,324 in underwriting fees, insurance and
other issuance costs) were used to purchase U.S. government securities. Those securities were
deposited in an irrevocable trust with an escrow agent to provide for all future debt service
payments on the 1994 Series General Obligation Bonds. As a result, $8,955,000 of the 1994
Series General Obligation bonds are considered defeased and the liability for that amount of
those bonds has been removed from the general long -term debt account group of the Kodiak
Island Borough.
The Borough advance refunded the 1994 Series General Obligation bonds to reduce its total debt
services payments over the next 16 years by almost $504,859 and to obtain an estimated
economic gain (difference between the present values of the debt service payments on the old and
new debt) of $380,037. The gain is based on receiving future debt service reimbursements from
the State of Alaska at the rate structure currently in effect.
I V
30 1
The investments in the securities and the current obligations of the defeased bonds are not
reflected in the combined financial statements. A summary of the investments held in trust and
the current obligations of the defeased bonds at June 30, 2000 are summarized as follows:
Bond principal Investments
outstanding held in trust
Series 1994 Government Obligation bonds, 5.4%
to 5.5 %, due in installments to 2007 $ 8,955,000 $9,322,367 (1)
(1) Alaska USA Trust Co. as trustee
On October 3, 2000, the citizens of the Kodiak Island Borough passed a ballot question giving
the Borough the authority to issue $2,660,000 in bonds to fund two Kodiak Island Borough
School District projects; Peterson Elementary upgrade and repair of the Kodiak High School
roof. The Alaska Department of Early Education and Development approved these projects for
reimbursement. The state will reimburse the Borough for seventy percent of the principal and
interest payments. The Peterson project has all ready been completed and paid for. The High
School roof is scheduled to be completed by the fall of 2001. The bond transaction is expected
to conclude the beginning of December 2000.
NOTE 7: LONG -TERM INTERFUND BORROWINGS
In October 1997 the Facilities Special Revenue Fund loaned $8,000,000 to the Kodiak Fisheries
' Research Center Enterprise Fund. The loan from the Facilities Special Revenue Fund is
accounted for as a long -term interfund advance, while the liability in the Kodiak Fisheries
Research Center Enterprise Fund is accounted for as a long -term interfund borrowing. The
' interest revenue and interest expense on the debt are reported as operating transfers in/out. The
advance bears interest at 7 percent, and the scheduled payments for the next five fiscal years
ended and thereafter are as follows:
June 30,
Principal
Interest
Total
2001
$ 210,000
$ 539,000
$ 749,000
2002
225,000
523,775
748,775
2003
240,000
507,500
747,500
2004
255,000
490,175
745,175
2005
275,000
471,625
746,625
Thereafter
6,600,000
3,734,150
10,334,150
$ 7,805,000
$ 6,266,225
$ 14,071,225
31
NOTE 8: CAPITAL LEASE OBLIGATION
The Hospital Enterprise Fund leases various equipment under a long -term lease agreement at the
nominal annual interest rate of 5.86 percent. The initial cost of such equipment included in fixed
assets at June 30, 2000, is approximately $1,443,095. Accumulated amortization on the leased
equipment is approximately $106,118 at June 30, 2000.
The minimum required lease payments under the capital leases for the next four fiscal years
ended are as follows:
June 30,
2001
$ 333,336
2002
333,336
2003
333,336
2004
527,784
1,527,792
Less amount representing interest
(190,815)
$ 1,336,977
NOTE 9: NOTES PAYABLE
As of June 30, 2000, the Borough had the following notes payable outstanding in the Enterprise
Funds:
Note payable to First Union Capital Markets
Corporation, due in monthly installments
of $57,693, including interest (at an effective
annual rate of 6.4 %); secured by equipment
Note payable to Environmental Protection
Agency, to be paid within 20 years at 3.8%
interest, tenors to be negotiated with EPA
upon completion of the project
Less current portion of note payable
$1,891,362
W211 I 1 0
2,823,480
(592,013)
$ 2,231,467
32
1
1
11
Future required minimum principal payments at June 30, 2000 excluding payments to the EPA
for the fiscal years ended are as follows:
June 30,
2001 $ 592,013
2002 629,658
2003 669,691
$ 1,891,362
NOTE 10: CAPITAL PROJECT FUNDS CONSTRUCTION COMMITMENTS
A summary of Capital Projects Funds construction commitments at June 30, 2000 follows:
State Capital Grants $ 59,459
Resources are presently available or committed to finance construction commitments at
June 30, 2000, for all funds, inclusive of those resources appropriated at year -end.
NOTE 11: ENTERPRISE FUND SEGMENT INFORMATION
The Borough owns and operates a Municipal Solid Waste Collection and Disposal Fund, a
Hospital Facilities Fund (See Note 17), a Kodiak Fisheries Research Center Fund, and a 911
Services Fund. Segment financial data as of and for the year ended June 30, 2000, for those
funds are as follows:
Municipal Solid
Waste Collection Hospital
and Disposal Facilities
Amortization of contributions
Operating revenues
$ 2,684,855
$1,107,545
Depreciation
98,160
1,274,984
Operating income (loss)
68,670
(210,777)
Operating transfers out
-
2,119,851
Net income (loss)
67,745
(420,951)
Kodiak
911
Fisheries
598,538
Services
R esearch Cente
Total
$ 63,695
$1,494,342
$ 5,350,437
-
746,707
2,119,851
27,786
236,134
121,813
-
(549,763)
(549,763)
27,786
281,459
(43,961)
in aid of construction
52,409
598,538
- 397,352
1,048,299
Property, plant and equipment
additions (deletions), net
702,708
(57,320)
- 60,081
705,469
Net working capital
596,015
(60,242)
31,444 797,078
1,364,295
Total assets
5,211,982
26,352,662
31,444 20,667,061
52,263,149
Bonds and other long -term liabilities:
Payable from operating revenue
2,998,876
2,374,342
- -
5,373,218
Payable from other sources
-
-
- 7,595,000
7,595,000
Total equity
1,620,375
22,968,316
31,444 12,472,604
37,092,739
33
NOTE 12: DEFERRED COMPENSATION PLAN
The Kodiak Island Borough has a deferred compensation plan created and amended 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 deferred under this plan are held in a trust that was established for the exclusive
benefit of plan participants. Amounts contributed to the plan by participants during the year
ended June 30, 2000, was $81,877.
The plan is managed by the International City Managers Association Retirement Corporation.
The Borough believes that the plan does not meet the criteria in NCGA Statement No. 1,
Governmental Accounting and Reporting Principles, for inclusion as a fiduciary fund.
NOTE 13: INSURANCE AND RISK RETENTION
The Kodiak Island Borough is exposed to numerous risks of loss associated with the operations
of a government. These potential losses include, but are not limited to, employee relations and
injuries, contracts, theft, loss or damage of property and general liability. The Borough manages
its risks from these potential losses by participating in the Alaska Municipal League Joint
Insurance Association, as well as purchasing commercial insurance coverage. This insurance has
provided the Borough with adequate coverage in the past. There were no significant changes in
insurance coverage obtained and there were no claims or settlements that exceeded insurance
coverage in any of the past three fiscal years.
The Borough is a member in good standing of the Alaska Municipal League Joint Insurance
Association (JIA), a governmental insurance pool established by the Alaska Municipal League.
Claims are covered on an occurrence basis. JIA provides risk management services, appraisal
services and there is also a separate pool for policy liability.
The responsibilities of both JIA and the participants are as follows:
Responsibilities of JIA
JIA shall perform the following instructions in discharging its responsibilities:
1. Provide insurance coverage as necessary for property, including building and
contents, automobile, mobile equipment and data processing equipment, casualty,
including general liability, public officials' and employees' liability, auto liability and
employee benefit liability; workers' compensation, including employers' liability;
commercial blanket bond; and time element.
34
2. Assist each participant's assigned risk manager with the implementation of that
' function.
3. Provide loss prevention and safety and consulting services to participants as required.
4. Provide claims adjusting and subrogation services for claims covered by the
association's joint insurance arrangement.
Responsibilities of the Participants
' The Participants shall have the following responsibilities:
1. The Borough Assembly or appointing official of each participant shall appoint a
representative as provided in Article 5, Section 2 of the bylaws and at least one
alternate representative to attend member meetings.
2. Each participant shall appoint an employee of the participant to be responsible for the
risk management function within that entity and to serve as a liaison between the
participant and JIA with respect to risk management.
' 3. Each participant shall maintain an active safety officer and/or committee, and shall
comply with all recommendations of JIA concerning the development and
implementation of a loss control policy to prevent unsafe practices.
4. Each participant shall maintain its own set of records as a loss log, in all categories of
loss to ensure accuracy of JIA's loss reporting system.
i
1 35
NOTE 14: INDIVIDUAL FUND DISCLOSURES
Interfund Receivables and Pavables
A summary of interfund receivables and payables at June 30, 2000, is as follows:
General Fund
Special Revenue Funds:
Mental Health Center
Child Care Assistance Program
Welfare to Work Program
Land Sales
Kodiak Transit Authority
Building and Grounds
Coastal Management
L.E.P.C.
Road Service District No. 1
Fire Protection Area No. 1
Kodiak Airport Fire District
Kodiak Arts Council
Facilities Fund
Debt Service Funds:
Debt Service
Capital Project Funds:
State Capital Grants
Enterprise Funds:
Municipal Solid Waste Collection and Disposal
Hospital Facilities
Kodiak Fisheries Research Center
Component units:
School District
Receivable Payable
$ 745,074 $ 2,981,037
-
323,149
20,418
45,255
-
31,898
200,012
517
-
2,837
-
325,184
-
17,581
-
11,410
-
3,334
434,162
-
11,410
-
-
48,878
7,941,588
-
442,158
323,149 4,038
147,935 299,303
- 147,995
400,000 8,067,993
2,528,819 -
$12,752,567 $ 12,752,567
The Kodiak Fisheries Research Center Enterprise Fund borrowed $8 million from the Facilities
Special Revenue Fund. As of June 30, 2000, the outstanding principal amount owing was
$7,805,000. See Note 7 for additional information regarding the interfund borrowings.
36
Fund Deficits and Accumulated Deficits:
The fund deficits and accumulated deficits at June 30, 2000, are as follows:
Special Revenue Funds:
Mental Health Center $ 323,299
Coastal Management 147
Buildings and Grounds 306,327
Enterprise Fund:
Municipal Solid Waste Collection and Disposal 1,306,845
$ 1,936,618
Management intends to fund the Special Revenue Funds deficits in fiscal year 2001 through
transfers from other funds and fund the deficit in the Enterprise Fund through an increase in
service charges. In the fiscal year 2000 budget, management closed the Management Information
System Internal Service Fund and moved this function to the General Fund. All related assets,
liabilities, and residual equities were moved to the General Fund in fiscal year 2000.
Overatina Transfers
Interfund operating transfers and transfers from the component unit have been made in
accordance with budget ordinances.
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 and component
units during the year ended June 30, 2000, were as follows:
Fund Tvpes
General Fund
Special Revenue
Funds
Debt Service Funds
Enterprise Fund
-KFRC
Component unit
School District
Total transfers
1,621,398 - - 1,621,398 - -
$ 9,195,251 $ 21,746 $ 682,044 $ 2,712,511 $ 222.640 $ 5,556,310
37
Transfers In
School
Special
Debt
Capital
District
Transfers
General Revenue
Service
Projects
component
Out
Fund Funds
Funds
Funds
unit
$ 6,417,015
$ - $ 27,770
$ 810,935
$ 22,000
$ 5,556,310
581,418
- 100,600
280,178
200,640
-
25,657
21,746 3,911
-
-
-
549,763
- 549,763
-
-
-
1,621,398 - - 1,621,398 - -
$ 9,195,251 $ 21,746 $ 682,044 $ 2,712,511 $ 222.640 $ 5,556,310
37
Residual Equity Transfers
Effective July 1, 1999, the operations of the Management Informations Systems Fund were
transferred to the General Fund. At July 1, 1999, $33,902 of liabilities were transferred to the
General Long -term Debt Account Group, $315,602 of net fixed assets were transferred to the
General Fixed Asset Account Group and $108,084 of net assets were transferred to the General
Fund. The transfers of net assets out of the Management Informations Systems Fund and into the
General Fund are shown as a residual equity transfer.
Effective July 1, 1999, accounting for the waste management upgrade was transferred from the
Capital Projects — State Grants Fund to the Enterprise — Municipal Solid Waste Collection and
Disposal Fund. Accordingly, all assets and liabilities, including a fund deficit of $296,755, were
transferred as of July 1, 1999.
Excess of Expenditures/Expenses Over AvvropriationsBudeets
General Fund
The following department expenditures exceeded their appropriations:
Department Excess
School District support $ 19,308
Special Revenue Funds
The following funds' expenditures exceeded their appropriations:
Fund Excess
Building and Grounds $ 153,522
Monashka Bay Road Service Area 437
$ 153,959
Enterprise Funds
The following funds' expenses exceeded their budgets:
Fund Excess
Municipal solid waste collection and disposal $ 169,445
Hospital Facilities 574,190
$ 743,635
38
Proprietary Funds' reconciliation of contributed capital for the year ended June 30, 2000,
is as follows:
Enterprise Funds
Kodiak
Fisheries Research Hospital
Center Facilities
Contributed capital at beginning
and end of year $ 215.486 $ 5,166,717
Proprietary Funds' reconciliat of contributions in aid of construction for the year ended
NOTE 15: SOLID WASTE LANDFILL CLOSURE AND POSTCLOSURE CARE
COSTS
State and federal laws and regulations require that the Kodiak Island Borough place a final cover
on its landfill when closed and perform certain maintenance for a number of years after closure.
In addition to operating expenses related to current activities of the landfill, an expense provision
' and related liability are recognized based on the future closure and postclosure care costs that
will be incurred based on the date the landfill no longer accepts waste. The recognition of these
landfill closure and postclosure care costs is based on the amount of the landfill used during the
' year. The estimated liability of landfill closure and postclosure care costs is $2,066,758 as of
June 30, 2000, which is based on 60.52 percent usage (filled) of the landfill. The landfill is
estimated to be filled and unusable by the year 2020. Of the total liability at June 30, 2000, an
increase of $127,358 was recorded in the current year based on current year usage and changes in
estimates. An estimated additional $1,348,242 will be recognized as closure and postclosure care
expenses between the date of the balance sheet and the date the landfill is expected to be filled to
' capacity. The estimated total current cost of the landfill closure and postclosure care of
39
June 30, 2000, is as follows:
Enterprise Funds
Kodiak
Municipal Solid
Internal
'
Fisheries Research Waste Collection
Hospital
Service
Center
and Disposal
Facilities
Fund
Net contributions in aid of
construction at beginning of year
$ 11,920,540
$ 2,283,920
$17,956,116
$ 617,382
Amortization of contributions in
aid of construction
(397,351)
(52,409)
(598,538)
-
Residual equity transfer
-
-
-
(617,382)
State of Alaska
276,840
Other
-
418,869
-
-
Net contributions in aid of
construction at end of year
$ 11,523,189
$ 2,927,220
$17,357,578
$ -
NOTE 15: SOLID WASTE LANDFILL CLOSURE AND POSTCLOSURE CARE
COSTS
State and federal laws and regulations require that the Kodiak Island Borough place a final cover
on its landfill when closed and perform certain maintenance for a number of years after closure.
In addition to operating expenses related to current activities of the landfill, an expense provision
' and related liability are recognized based on the future closure and postclosure care costs that
will be incurred based on the date the landfill no longer accepts waste. The recognition of these
landfill closure and postclosure care costs is based on the amount of the landfill used during the
' year. The estimated liability of landfill closure and postclosure care costs is $2,066,758 as of
June 30, 2000, which is based on 60.52 percent usage (filled) of the landfill. The landfill is
estimated to be filled and unusable by the year 2020. Of the total liability at June 30, 2000, an
increase of $127,358 was recorded in the current year based on current year usage and changes in
estimates. An estimated additional $1,348,242 will be recognized as closure and postclosure care
expenses between the date of the balance sheet and the date the landfill is expected to be filled to
' capacity. The estimated total current cost of the landfill closure and postclosure care of
39
$3,415,000 is based on the amount that would be paid if the landfill were closed as of
June 30, 2000. However, the actual cost of closure and postclosure care may be higher due to
inflation, changes in technology, or changes in landfill laws and regulations.
The Kodiak Island Borough is required by state and federal laws and regulations to make annual
contributions to finance closure and postclosure care. The Kodiak Island Borough complies with
these requirements by annually recording the liability based on the estimates provided by the
Kodiak Island Borough's Engineering/Facilities Director. It is anticipated that future inflation
costs and additional costs that might arise from changes in postclosure requirements, due to
changes in technology or more rigorous environmental regulations, for example, will be financed
primarily by charges to future landfill users and secondarily by taxpayers.
NOTE 16: SALE OF SHUYAK ISLAND
The Borough entered into an agreement in December 1995 with the Exxon Valdez Oil Spill
Trustee Council to sell all of its rights on Shuyak Island for $42 million to the State of Alaska.
The Borough received $22,194,266 to date, and will receive the balance of the sale in the
following payments:
October 1,
2000 $ 4,000,000
2001 4,000,000
2002 11,805,734
Six million of the proceeds were used for the construction of the Kodiak Fisheries Research
Center. The remainder will be placed into a facility special revenue fund and used for future
capital projects.
NOTE 17: HOSPITAL AND MENTAL HEALTH FACILITIES
HOSPITAL FACILITIES ENTERPRISE FUND
The Kodiak Island Borough Assembly passed an ordinance to cease operations of the Kodiak
Island Hospital and Care Center, effective April 20, 1997, and to lease the hospital premise and
equipment to Sisters of Providence d.b.a. Providence Kodiak Island Medical Center
(Providence), who assumed responsibility for the hospital's operations as of April 21, 1997. The
lease agreement is effective for a term of ten years from that date and contains provisions for an
additional ten -year option. The hospital fixed assets, the lease income, and all other costs
relating to the agreement are accounted for by the Borough in the Hospital Enterprise Fund.
Under the terms of the agreement, certain assets have been transferred to Providence and certain
liabilities assumed by them. The Borough received a down payment of $2,000,000 at the
execution of the lease. For accounting purposes this down payment was recorded as
consideration for the net assets and liabilities transferred to /assumed by Providence.
M
The agreement with Providence specifies that the Borough shall provide at least $150,000 per
year for the purchase of new and replacement equipment for the hospital. The Borough is also
required to fund any major maintenance and repairs projects exceeding $10,000 in cost.
Additionally, the Borough receives 50 percent of the net revenues of the hospital, up to $600,000.
Should the Borough wish to terminate the lease agreement without cause, the Borough would be
required to refund the $2,000,000 down payment on the lease in proportion to the number of
' years remaining on the ten -year term of the lease, at the rate of $200,000 per year for each
remaining year. For accounting purposes such payment would be considered to be a penalty for
the early termination of the lease.
' MENTAL HEALTH CENTER SPECIAL REVENUE FUND
' The Kodiak Island Borough Assembly passed an ordinance to cease operations of the Kodiak
Island Mental Health Center, effective January 1, 1998, and to lease the mental health premise
and equipment to Sisters of Providence d.b.a. Providence Health System in Alaska, who assumed
' responsibility for the center's operations as of January 2, 1998. The lease agreement is effective
for a term of ten years from that date and contains provisions for an additional ten -year option.
The center's fixed assets, the lease income, and all other costs relating to the agreement are
accounted for by the Borough in the Mental Health Special Revenue Fund.
Under the terms of the agreement, certain assets have been transferred to Providence and certain
liabilities assumed by them. The excess, if any, of current assets over current liabilities shall
accrue to the sole financial benefit of Providence to offset the Mental Health Center operating
losses.
The agreement with Providence specifies that the Borough be required to fund any major
maintenance and repairs projects exceeding $10,000 in cost.
At any time either the Borough or Providence may terminate the agreement by one year's written
notice to the other party.
NOTE 18: CONTINGENCIES
General
The Borough, in the normal course of its activities, is involved in various claims and pending
litigation. After consultation with legal counsel, management estimates that these matters will be
resolved without material adverse effect on the Borough's future financial position or results of
operations.
.3l
IJ
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 not be material.
NOTE 19: SUBSEQUENT EVENTS I
On December 12, 2000, the Borough issued $2,660,000 of general obligation bonds to finance '
school upgrades and for the refunding of general obligation bonds for Peterson Elementary. The
interest rates on the bonds range from 4.75 -8.875 percent and mature in varying amounts from
2002 through 2011. '
On December 14, 2000, a judgment in the amount of $1.35 million was rendered against the
Borough in a matter involving alleged misconduct of a former Borough employee. The Borough '
has elected to appeal the judgment. Although the ultimate outcome of the appeal is not presently
determinable, it is the opinion of Borough legal counsel that resolution will not occur for at least
eighteen months. Accordingly, the Borough has recorded the judgment in the General Long -term '
Debt Account Group.
1
42 1
n
1
t
1
GENERAL FUND
1
1
'1
0
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.
GENERAL FUND
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 intergovernmental revenues. Primary expenditures are for
general government, public services and debt service.
KODIAK ISLAND BOROUGH
GENERAL FUND
BALANCESHEETS
J UNE 3 2000 AND 1999
2000 1999
ASSETS
Equity in central treasury
Temporary investments
Accounts receivable
Due from State of Alaska
Due from other funds
Property taxes:
Delinquent taxes
Allowance for uncoilectible delinquent taxes
Accrued interest
TOTAL
LIABILITIES AND FUND BALANCES
LIABILITIES:
Cash overdraft
Accounts payable
Payroll taxes and employee benefits
Deferred tax revenue
Due to the City of Kodiak
Due to component unit
Due to other funds
Total liabilities
FUND BALANCES:
Reserved for subsequent year expenditures
Unreserved
Undesignated
Total fund balances
TOTAL
$ 650
2,983,700
302,839
173,353
745,074
$ 117,779
4,250,991
338,877
40,550
1,401,459
300,700
(15,829)
51,095
$ 4,541,582
86,436
48,475
261,240
21,879
2,528,819
452,218
3,399,067
341,900
EXHIBIT A -1
218,947
(15,828)
98,895
$ 6,451,670
$ 340,427
140,675
88,360
5,026
8,280
2,953,847
2,131,596
5,668,211
800,615 783,459
1,142,515 783,459
$ 4,541,582 $ 6,451,670
43
1
KODIAK ISLAND BOROUGH
EXHIBIT A -2 '
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
2000
REVENUES:
Property taxes:
Real
Personal
Motor vehicle
Penalty and interest
Total property taxes
Severance taxes:
Fish
Mining
Logging
Total severance taxes
Intergovernmental:
State sources:
State shared revenue
Municipal assistance
Raw fish tax
Payments in lieu of taxes
Electric Co -op tax
Miscellaneous
Total state sources
Federal sources:
Payments in lieu of taxes
Miscellaneous
Total federal sources
Total intergovernmental revenue
Licenses, permits, fees and other local revenues:
Building and trailers
Subdivision and zoning fees
Sale of copies
Emergency medical services
Miscellaneous
Total licenses, permits, fees and
other local revenues
Investments and property:
Interest income
Total investments and property
Total revenues
Variance-
favorable 1999
Budget Actual (unfavorable) Actual
$ 5,488,860
$ 5,329,052
$ (159,808)
$ 5,340,231
1,095,370
999,684
(95,686)
1,006,687
200,000
183,479
(16,521)
165,780
140,000
111,593
(28,407)
175,399
6,924,230
6,623,808
(300,422)
6,688,097
950,000
1,051,378
101,378
900,331
9,250
11,450
2,200
10,269
85,000
112,822
27,822
95,690
1,044,250
1,175 ,650
131,400
1,006,290
119,820
119,821
1
290,063
131,920
122,097
(9,823)
197,785
828,560
833,981
5,421
918,010
26,200
21,161
(5,039)
22,872
8,000
12,843
4,843
12,029
14,000
-
(14,000)
-
1,128,500
1,109,903
(18,597)
1,440,759
483,270
448,310
(34,960)
437,084
211,980
211,827
(153)
177,960
695,250
660,137
(35,113)
615,044
1,823,750
1,770,040
(53,710)
2,055,803
60,000
68,598
8,598
60,708
4,000
4,300
300
7,100
1,200
19,399
18,199
1,625
33,000
-
(33,000)
30,665
38,125
36,567
(1,558)
50,711
136,325 128,864
(7,461) 150,809
250,000
358,352
250.000
10,178,555
358.352
10,056.714
C!1
108,352 238,515
108,352 238,515
(121.841) 10,139,514
(continued)
[7
t
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1
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E
1
1
1
r
1
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t
KODIAK ISLAND B OROUGH EXHIBIT A -2, continued
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
EXPENDITURES:
Borough assembly
Borough mayor
Borough clerk
Borough attorney
Finance department
Assessing department
Community development department
Building official
Economic development
General and administration
Emergency preparedness
School District support
Health and sanitation department
Education, culture and recreation
Management information systems
Total expenditures
Excess of revenues over expenditures
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds
Operating transfers to other funds
Operating transfers to component unit
Net other financing uses
Excess (deficiency) of revenues and other
financing sources over (under) expenditures
and other financing uses $ 85,540
FUND BALANCES, at beginning of year
Residual equity transfer in - Management
Information Systems Fund
FUND BALANCES, at end of year
250,972 $ 165,432
783,459
108,084
$ 1,142,515
45
(785,746)
1,569,205
$ 783,459
2000
Variance-
favorable
1999
Budget
Actual
(unfavorable)
Actual
$ 146,520
$ 140,397
$ 6,123
$ 136,417
192,170
187,047
5,123
254,593
267,270
226,573
40,697
287,720
202,000
197,868
4,132
155,800
387,540
369,652
17,888
562,370
283,720
279,320
4,400
318,896
359,060
304,706
54,354
417,268
144,600
120,472
24,128
92,273
49,000
37,755
11,245
72,225
241,587
177,874
63,713
224,626
5,500
2,791
2,709
2,384
576,835
596,143
(19,308)
731,980
313,067
279,109
33,958
401,680
168,200
161,500
6,700
196,300
343,836
329,266
14,570
-
3,680,905
3,410,473
270,432
3,854,532
6,497,650
6,646,241
148,591
6,284,982
-
21,746
21,746
32,632
(855,800)
(860,705)
(4,905)
(1,447,520)
(5,556,310)
(5,556,310)
-
(5,655,840)
(6,412,110)
(6,395,269)
16,841
(7,070,728)
Excess (deficiency) of revenues and other
financing sources over (under) expenditures
and other financing uses $ 85,540
FUND BALANCES, at beginning of year
Residual equity transfer in - Management
Information Systems Fund
FUND BALANCES, at end of year
250,972 $ 165,432
783,459
108,084
$ 1,142,515
45
(785,746)
1,569,205
$ 783,459
1
I �
KODIAK ISLAND BOROUGH
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
EXHIBIT A -3 I
2000
EXPENDITURES:
Borough assembly:
Personnel services
Fringe benefits
Support goods and services
Political lobbyist
Total Borough assembly
Borough mayor
Personnel services
Fringe benefits
Support goods and services
Capital outlay
Total Borough mayor
Borough clerk:
Personnel services
Fringe benefits
Support goods and services
Capital outlay
Total Borough clerk
127,530
115,344
Variance-
164,770
35,870
33,228
favorable
1999
Budget
Actual
(unfavorable)
Actual
$ 21,600
$ 21,600
$ -
$ 20,000
3,320
3,322
(2)
3,280
61,600
52,475
9,125
49,659
60,000
63,000
(3,000)
63,478
146,520
140,397
6,123
136,417
127,530
115,344
12,186
164,770
35,870
33,228
2,642
38,962
28,770
38,475
(9,705)
49,886
-
-
-
975
192,170
187,047
5,123
254,593
139,320
123,994
15,326
156,426
42,950
32,392
10,558
39,679
84,200
70,187
14,013
89,067
800
-
800
2,548
267,270
226,573
40,697
287,720
P,
n
E
i
a
1
Borough attorney:
Legal fees
132,000
129,506
2,494
82,186
Support goods and services
70,000
68,362
1,638
73,614
Total Borough attorney
202,000
197,868
4,132
155,800
Finance department:
Personnel services
347,230
344,724
2,506
343,487
Fringe benefits
101,030
95,846
5,184
99,463
Support goods and services
63,080
59,937
3,143
228,144
Capital outlay
2,500
-
2,500
5,286
Allocated to projects
(126.300)
(130.855)
4,555
(114,010)
Total finance department
387,540
369,652
17,888
562,370
(continued)
46
KODIAK ISLAND BOROUGH EXHIBIT A -3, continued
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 200 (with comparative totals for 1999)
EQ
1
1
1
Community development department:
Personnel services
266,320
239,831
Variance-
278,940
Fringe benefits
87,480
65,392
favorable
1999
Contracted services
Budget
Actual
(unfavorable)
Actual
Assessing department:
45,260
40,219
5,041
77,335
Personnel services
$ 211,190
$ 212,864
$ (1,674)
$ 212,735
Fringe benefits
62,820
59,824
2,996
57,408
Support goods and services
29,910
26,497
3,413
69,318
Capital outlay
2,020
2,355
(335)
1,325
Allocated to projects
(22,220)
(22,220)
-
(21,890)
Total assessing department
283,720
279,320
4,400
318,896
Community development department:
Personnel services
266,320
239,831
26,489
278,940
Fringe benefits
87,480
65,392
22,088
77,366
Contracted services
-
(468)
468
-
Support goods and services
45,260
40,219
5,041
77,335
Capital outlay
-
-
-
677
Allocated to projects
(40.000)
(40,268)
268
(17,050)
Total community
development department
359,060
304,706
54,354
417,268
Building official:
Contracted services
140,000
115,770
24,230
88,270
Support goods and services
4,600
4,702
(102)
4,003
Total building official
144,600
120,472
24,128
92,273
Economic development:
General services:
Contracted services
16.000
4,755
11,245
25,025
Contributions:
City of Kodiak
-
-
-
14,000
Alaska Ocean Seas & Fisheries
-
-
_
200
Kodiak Chamber of Commerce
33.000
33,000
-
33,000
Total economic development
49,000
37,755
11,245
72,225
(continued)
47
KODIAK ISLAND BOROUGH
EXHIBIT A -3, continued
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
2000
Variance-
favorable
Budget Actual (unfavorable)
General and administration:
r
C
1999
Actual
Personnel services
$ - $
1,936 $
(1,936) $
38,436
Fringe benefits
40,257
13,881
26,376
14,709
Professional fees
115,000
78,462
36,538
94,436
Support goods and services
86,330
83,595
2,735
77,045
Total general and administration
241,587
177,874
63,713
224,626
Emergency preparedness:
Support goods and services
5,500
2,791
2,709
2,384
Total emergency preparedness
5,500
2,791
2,709
2,384
School District support:
Data processing
111,490
121,409
(9,919)
264,520
Mental health services
381,345
381,345
-
399,600
Audit expense
37,000
49,039
(12,039)
28,666
Support goods and services
47,000
44,350
2,650
39,194
Total School District support
576,835
596,143
(19,308)
731,980
Health and sanitation department:
Emergency Medical Services
32,450
15
32,435
30,362
Animal Control
52,000
52,000
-
52,000
Council on Alcoholism
29,724
29,802
(78)
42,388
State Health Services Villages
8,540
9,342
(802)
12,927
State Health Services KANA
2,840
1,420
1,420
4,310
Women's Resource Crisis Center
28,123
28,164
(41)
40,925
American Red Cross
1,750
1,750
-
3,500
Kodiak Baptist Mission
18,640
18,752
(112)
32,859
Small World (Day Care)
-
-
-
13,000
Special Olympics
7,000
7,000
-
7,000
Health Center Support
4,500
3,364
1,136
4,209
Senior Citizen Support
25,000
25,000
-
25.E
Kodiak Respite Care
5,000
5,000
-
5,200
The Salvation Army
7,500
7,500
-
8,000
Brother Francis Shelter
25,000
25,000
-
25.E
Ambulance Service
65,000
65,000
-
95,000
Total health and sanitation department
313,067 279,109 33,958 401,680
(continued)
48
!J
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A
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f
KODIAK ISLAND BOROUGH
EXHIBIT A -3, continued
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
Management information systems:
Personnel services
236,450
256,726
Variance-
Fringe benefits
72,215
70,189
2,026 -
favorable
1999
128,854
Budget
Actual
(unfavorable)
Actual
Education, culture and recreation:
Allocated to projects
(167,040)
(167,025)
(15) -
KMXT Public Radio
$ 7,500
$ 7,500
$ -
$ 15,000
Historical Society
5,000
5,000
-
10,000
Summer Basketball
5,000
5,000
-
5,000
Kodiak Island Sportsman Association
-
-
-
2,000
Kodiak Art Council
15,000
15,000
-
16,000
Village Libraries
18,000
16,500
1,500
18,000
Chiniak Public Library
3,000
3,000
-
3,000
City of Kodiak Library
3,000
3,000
-
3,000
Head Start
8,000
8,000
-
8,000
Kodiak College
60,000
60,000
-
60,000
Kodiak Little League
5,000
5,000
-
5,000
Santa to the Villages
2,300
2,300
-
2,300
Karluk IRA Council
13,400
8,200
5,200
20,000
KANA Youth Olympics
2,000
2,000
-
2,000
KANA Family Center
12,000
12,000
-
16,000
Kodiak Youth Services Network
5,000
5,000
-
10,000
Kodiak Football League
3,000
3,000
-
-
Girl Scouts
1,000
1,000
-
1,000
Total education, culture
and recreation
168,200
161,500
6,700
196,300
Management information systems:
Personnel services
236,450
256,726
(20,276) -
Fringe benefits
72,215
70,189
2,026 -
Support goods and services
151,711
128,854
22,857 -
Capital outlay
50,500
40,522
9,978 -
Allocated to projects
(167,040)
(167,025)
(15) -
Total management
information systems
343,836
329,266
14,570 -
Total expenditures
3,680,905
3,410,473
270,432 3,854,532
(continued)
49
KODIAK ISLAND BOROUGH EXHIBIT A -3, continued
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
2000
50
Variance-
favorable
1999
Budget
Actual
(unfavorable)
Actual
OTHER FINANCING SOURCES (USES):
Operating transfers in from debt service fund
$ -
$ 21.746
$ 21,746
$ 32,632
Operating transfers out to other funds:
Special revenue funds:
Building and Grounds
(27,770)
(27,770)
-
(119,770)
Debt service funds:
Schools
(777,030)
(777,030)
-
(1,016,770)
Other
(9,000)
(33,905)
(24,905)
(7,500)
Capital projects funds:
Various Borough projects
(42,000)
(22,000)
20,000
(303,480)
Operating transfers to component unit:
Kodiak Island Borough School District
(5,556,310)
(5,556,310)
-
(5,655,840)
Net other financing uses
(6,412,110)
(6,395,269)
16,841
(7,070,728)
Total expenditures and
other financing uses
$ 10,093,015
$ 9,805,742
$ 287,273
$ 10.925.260
50
1
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C
1
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
SPECIAL REVENUE FUNDS
The Fire Protection Area No. l Fund accounts for the activities related to fire suppression and fire
prevention services to the citizens of the Bayside Fire Station service area.
The Womens Bay Fire Department Fund accounts for the activities related to fire suppression and fire
prevention services to the citizens of the Bells Flats Russian Creek Fire Station service area.
The Kodiak Airport Fire District Fund accounts for the activities related to fire suppression and fire
prevention services to the citizens of the Airport service area.
The Monashka Bay Road Service Area Fund accounts for the activities related to road services within
the service area.
The Service District No. l Fund accounts for the activities related to maintenance service to roads
within the district, including snow removal, ditching and grading.
The Womens Bay Service Area Fund accounts for the activities related to maintenance service to roads
within the service area, including snow and ice removal, ditching and culvert work.
The Bay View Road Service Area Fund accounts for the activities related to road services within the
service area.
The Service Area No. 2 Fund accounts for the activities related to water and sewer services in the
service area. This fund is in the design stage at present.
The Mental Health Center Fund accounts for rents and expenses on the Borough owned mental health
center. The center is leased by Sisters of Providence in Washington d.b.a. Providence Health Systems in
Alaska.
The Coastal Management 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.
The Childcare Assistance Program Fund accounts for a State of Alaska grant to finance day care for
children of low- income employed families.
The Welfare to Work Program Fund accounts for pass through grant monies for local agencies to help
individuals become part of the work force.
J
SPECIAL REVENUE FUNDS (continued)
The Land Sales 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
Borough school buildings.
t
The Building and Grounds Fund accounts for the operations and maintenance of certain buildings and
grounds owned by the Borough which are jointly shared with the City of Kodiak, the Kodiak Island
Borough School District, the State of Alaska, and certain non - profit community organizations.
The Woodland Acres Street Light Service Area Fund accounts for activities related to the provision
of street lighting within the service area.
The Kodiak Arts Council Fund accounts for activities related to the facilitation of the arts in the 1
Kodiak community.
The Facilities Fund accounts for the proceeds from the sale of Shuyak Island. The single most
important goal is to preserve the principal of the fund. Interest earnings, after inflation proofing, can be
used for debt service and insurance on buildings.
The Tourism Development Fund accounts for the collection of the Borough Transient Accommodation
Tax (Bed Tax) and its subsequent transfer to the Kodiak Island Convention and Visitor Bureau.
The Kodiak Transit Authority Fund accounts for the operation of a local bus system. A local
contractor operates two buses within the Kodiak metropolitan area. if
The Local Emergency Planning Committee Fund accounts for State of Alaska grants provided for
regional emergency preparation, response, and mitigation planning.
1
1
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
NNE 30, 2000 (with comparative totals for 1999)
Fire and Road Servic Areas
ASS
Equity in central treasury
Temporary investments
Receivables:
State of Alaska
Federal Government
Land sales contracts, due within one year
Accrued interest
Other
Allowance for doubtful receivables
Due from other funds
Prepaid expenditures
Long -term interfund advances
Land sale contracts, due after one year
TOTAL
Fire
Road
Fire Womens Kodiak
Monashka Bay
Protection Bay Fire Airport
Road Service
Area No. 1 Department Fire District
Area
$ 200,154 $ 184,409 $ 18,801 $ 45,662
6,914 3,138 2,195 241
434,162 - 11,410 -
3,354 4,810 - -
$ 644.584 $ 192.357 $ 32,406 $ 45,903
LIABILITIES AND FUND BALANCES (ACCUMULATED
DEFICITS)
LIABILITIES:
Accounts payable
$ 5,088 $
4,166 $ - $
620
Employee benefits accrued and withheld
119
- -
-
Customer deposits
-
125 -
-
Deferred revenues
-
_
Due to other funds
-
- -
-
Totalliabilities
5,207
4,291 -
620
FUND BALANCES (ACCUMULATED DEFICITS):
Reserved:
Subsequent year expenditures
-
- -
-
Long -term interfund advances
-
- -
-
Unreserved:
Undesignated
639.377
188,066 32,406
45,283
Total fund balances (accumulated deficits)
639,377
188,066 32,406
45,283
TOTAL
$ 644.584 $
192,357 $ 32,406 $
45,903
52
EXHIBIT B -1
$ 190,713 $ 167,458 $ 2,802 $ 3,696 $ - $ - $ 2,046 $ -
17,494 71,986 21,203
- - 16,027
2,268 3,414 89 1 61,284 - - -
- - - - (61,284) - - -
20,418 -
$ 192,981 $ 170,872 $ 2,891 $ 3,697 $ - $ 17,494 $ 94,450 $ 37,230
$ 3,389 $
3,334
6,723
- $ 637 $ - $ 150
Federal and
$ 35,528
$ 5,332
State Grant Programs
17,581
Road (continued)
31,898
- 637 - 323,299
17,641
Service Womens Bay View Service
Mental Child Care
Welfare to
District Bay Service Road Service Area
Health Coastal Assistance
Work
No.l Area Area No.2
Center Management Program
Program
$ 190,713 $ 167,458 $ 2,802 $ 3,696 $ - $ - $ 2,046 $ -
17,494 71,986 21,203
- - 16,027
2,268 3,414 89 1 61,284 - - -
- - - - (61,284) - - -
20,418 -
$ 192,981 $ 170,872 $ 2,891 $ 3,697 $ - $ 17,494 $ 94,450 $ 37,230
$ 3,389 $
3,334
6,723
- $ 637 $ - $ 150
$ 60
$ 35,528
$ 5,332
- - - 323,149
17,581
45,255
31,898
- 637 - 323,299
17,641
80,783
37,230
28,150 - - - - - -
158,108 170,872 2,254 3,697 (323,299) (147) 13,667 -
186,258 170,872 2,254 3,697 (323,299) (147) 13,667 -
$ 192,981 $ 170,872 $ 2,891 $ 3.697 $ - $ 17,494 $ 94,450 $ 37,230
(continued)
53
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET (continued)
JUNE 30, 2000 (with comparative totals for 1999)
ASSETS
Equity in central treasury
Temporary investments
Receivables:
State of Alaska
Federal Government
Land sales contracts, due within one year
Accrued interest
Other
Allowance for doubtful receivables
Due from other funds
Prepaid expenditures
Long -term interfund advances
Land sale contracts, due after one year
TOTAL
Woodland
Buildings Acres Street Kodiak
and Light Service Arts
Land Sales Grounds Area Council
$ 2,230 $ - $ 42,333 $ 44,776
58,364 - - -
250 30,235 6 4,248
200,012 - - -
84,151 - - -
$ 345,007 $ 30.235 $ 42.339 $ 49,024
LIABILITIES AND FUND BALANCES (ACCUMULATED DEFICITS)
LIABILITIES:
Accounts payable $ - $ 11,378 $ 433 $ -
Employee benefits accrued and withheld (1) - - -
Customer deposits - - - -
Deferred revenues 173,052 - - -
Due to other funds 517 325.184 - 48,878
Total liabilities 173,568 336,562 433 48,878
FUND BALANCES (ACCUMULATED DEFICITS):
Reserved:
Subsequent year expenditures - - 7,000 -
Long -term interfund advances - - - -
Unreserved:
Undesignated 171,439 (306,327) 34,906 146
Total fund balances (accumulated deficits) 171,439 (306.327) 41,906 146
TOTAL $ 345,007 $ 30.235 $ 42,339 $ 49,024
54
EXHIBIT B -1, continued
525
- 2,837
525 2,837
$ 16,405 $ 83,186 $
267,929
Kodiak
Totals
- 650
600
Tourism
Transit
11,410 810.043
1,017,612
Facilities
Development
Authority L.E.P.0
2000
1999
$ 171,567
$ 11,927
$ - $ -
$ 1,088.574 $
200
9,115.342
-
- -
9,115,342
5,143,146
-
-
- 27,815
138,498
174,188
-
-
- -
16,027
-
-
-
- -
58,364
71,795
72,582
-
- -
72,582
31,155
-
8,882
2,837 -
126,002
132,019
-
-
- -
(61,284)
(85,842)
346,588
-
- -
1,012,590
1,469,382
-
-
- -
8,164
-
7,595,000
-
- -
7,595,000.
7,805,000
-
-
- -
84,151
69,188
$ 17,301.079
$ 20.809
$ 2.837 $ 27,815
$ 19.254,010 $
14,810.231
525
- 2,837
525 2,837
$ 16,405 $ 83,186 $
267,929
- 118
414
- 650
600
- 173,052
142,338
11,410 810.043
1,017,612
27,815 1,067,049
1,428,893
- - - 35.150
7,595,000 - - - 7,595,000 7,805,000
9,706.079 20.284 - - 10,556.811 5,576,338
17,301.079 20,284 - - 18.186.961 13,381,338
$ 17,301,079 $ 20,809 $ 2.837 $ 27.815 $ 19.254.010 $ 14,810,231
55
1
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES (ACCUMULATED DEFICITS)
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
Fire and Road Service Areas
REVENUES:
Property taxes
State sources
Federal sources
Land sale proceeds
Licenses, permits, fees
and other local revenues
Investments and property
Other
Total revenues
EXPENDITURES:
Community development department
General and administration
Health and sanitation department
Capital outlay:
Services district maintenance
Total expenditures
Excess (deficiency) of revenues
4,859 8,267 - - - 20,000
36,261 9,979 1,129 2,749 11,952 10,537
307,151 68,559 29,612 25,491 71,331 112,565
142,682 31,975 15,218 - -
u
F
1
- - - 23,837 105,246 79,394
142,682 31,975 15,218 23,837 105,246 79,394
r
over (under) expenditures 164,469 36,584 14,394 1,654 (33,915) 33,171
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds - 600 _ _ _ _
Operating transfers out to other funds (1,616) - - _ _ (600)
Net other financing sources (uses) (1,616) 600 _ _ _ (600)
Excess (deficiency) of revenues and
other financing sources over (under)
expenditures and other financing uses
FUND BALANCES (ACCUMULATED
DEFICITS), at beginning of year
FUND BALANCES (ACCUMULATED
DEFICITS), at end of year
C
162,853 37,184 14,394 1,654 (33,915) 32,571 1
476,524 150,882 18,012 43,629 220,173 138,301
$ 639,377 $ 188,066 $ 32,406 $ 45.283 $ 186,258 170,872
56
Fire
Road
Fire
Womens
Kodiak
Monashka Bay
Service
Womens
Protection
Bay Fire
Airport
Road Service
District
Bay Service
Area No. 1
Department
Fire District
Area
No. 1
Area
$ 252,645
$ 49,897
$ 28,483
$ 21,499
$ 54,118
$ 76,153
12,675
416
-
1,243
5,024
5,875
711
-
-
-
237
-
4,859 8,267 - - - 20,000
36,261 9,979 1,129 2,749 11,952 10,537
307,151 68,559 29,612 25,491 71,331 112,565
142,682 31,975 15,218 - -
u
F
1
- - - 23,837 105,246 79,394
142,682 31,975 15,218 23,837 105,246 79,394
r
over (under) expenditures 164,469 36,584 14,394 1,654 (33,915) 33,171
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds - 600 _ _ _ _
Operating transfers out to other funds (1,616) - - _ _ (600)
Net other financing sources (uses) (1,616) 600 _ _ _ (600)
Excess (deficiency) of revenues and
other financing sources over (under)
expenditures and other financing uses
FUND BALANCES (ACCUMULATED
DEFICITS), at beginning of year
FUND BALANCES (ACCUMULATED
DEFICITS), at end of year
C
162,853 37,184 14,394 1,654 (33,915) 32,571 1
476,524 150,882 18,012 43,629 220,173 138,301
$ 639,377 $ 188,066 $ 32,406 $ 45.283 $ 186,258 170,872
56
EXHIBIT B -2
25,670 - - - -
- 161,783 167,405 662,282 5,098
(777) - 479,806 - - - -
5.008 - - - -
5,008 - (777) 25.670 479.806 161.783 167.405 662.282 5.098
718 200 3,219 - 4,031 - 209,611 (348,265) (2,641)
131,681 -
131,681 -
718 200 3,219 - 4,031 - 209.611 (216,584) (2,641)
1,536 3,497 (326,518) (147) 9.636 - (38.172) (89.743) 44,547
$ 2,254 $ 3,697 $(323.299) $ (147) $ 13.667 $ - $171.439 $(306.327) $ 41,906
s ������ = . m® �
(continued)
57
Federal and State Grant Programs
Road (continued)
Welfare
Woodland
Bay View
Service
Mental
Child Care
to
Buildings
Acres Street
Road Service
Area
Health
Coastal
Assistance
Work
and
Light Service
Area
No. 2
Center
Management
Program
Program
Land Sales
Grounds
Area
$ 5,058
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
447
-
-
25,670
479,806
145,755
-
-
54
_
_
-
-
16,028
-
-
-
_
-
319,461
-
-
-
(150)
-
-
-
57,555
-
-
221
200
-
-
-
-
314,017
2,403
-
-
2,592
-
4,031
-
-
-
-
5,726
200
2,442
25,670
483,837
161,783
377,016
314,017
2,457
25,670 - - - -
- 161,783 167,405 662,282 5,098
(777) - 479,806 - - - -
5.008 - - - -
5,008 - (777) 25.670 479.806 161.783 167.405 662.282 5.098
718 200 3,219 - 4,031 - 209,611 (348,265) (2,641)
131,681 -
131,681 -
718 200 3,219 - 4,031 - 209.611 (216,584) (2,641)
1,536 3,497 (326,518) (147) 9.636 - (38.172) (89.743) 44,547
$ 2,254 $ 3,697 $(323.299) $ (147) $ 13.667 $ - $171.439 $(306.327) $ 41,906
s ������ = . m® �
(continued)
57
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
EXHIBIT B -2, continued
COMBINING STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS j
AND CHANGES IN FUND BALANCES (ACCUMULATED DEFICITS)
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
Kodiak Kodiak Totals
Arts Tourism Transit
Council Facilities Development Authority L.E.P.C. 2000 1999
REVENUES:
Property taxes
State sources
Federal sources
Land sale proceeds
Licenses, permits, fees
and other local revenues
Investments and property
Other
Total revenues
EXPENDITURES:
Community development department
General and administration
Health and sanitation department
Capital outlay:
Services district maintenance
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
$ _ $ _ $ - $ - $ - $ 487,853 $ 483,809
- 255,662 30,600 963,227 737,541
- 15,315 - 32,291 981
4,000,000 - - - 4,319,461 4,158,858
53,518 - 37,889 58,104 - 240,042 313,790
f
- 376,210 - - - 765,658 1,039,304
- 6,623 -
53,518 4,376,210 37,889 329,081 30,600 6,815,155 6,734,283
- - 37,924 - - 63,594
74,686
53,401 - - 83,604 30,601 1,354,049
1,453,131
- - - - - 479,029
747,026
- - - - - 213.485
303.797
2,578,640
53,401 - 37,924 83,604 30,601 2.110.157
117 4,376,210 (35) 245,477 (1) 4,704,998 4,155,643 1
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds - 549,763 - - - 682,044 307,708
Operating transfers out to other funds - (579,203) - - - (581,419) (476,990)
Net other financing sources (uses) - (29,440) - - - 100,625 (169,282)
Excess (deficiency) of revenues and
other financing sources over (under)
expenditures and other financing uses
FUND BALANCES (ACCUMULATED
DEFICITS), at beginning of year
FUND BALANCES (ACCUMULATED
DEFICITS), at end of year
117 4,346,770 (35) 245,477 (1) 4,805,623 3,986,361
29 12,954,309 20,319 (245,477) 1 13,381,338 9,394,977 !4
$ 146 $17,301,079 $ 20,284 $ - $ - $18.186.961 $13,381,338 x.
58
KODIAK ISLAND BOROUGH
EXHIBIT B -3
SPECIAL REVENUE FUNDS
FIRE AND ROAD SERVICE AREAS - FIRE PROTECTION AREA NO. 1
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
KI
REVENUES:
Property taxes
State sources - Shared revenue
Federal sources - Payment in lieu of taxes
Licenses, permits, fees and other local revenues
Investments and property
Total revenues
EXPENDITURES:
General and administration:
Fire chief
Volunteers
Fringe benefits
Contracted services
Support goods and services
Capital outlay
Depreciation
Total expenditures
Excess of revenues over expenditures
OTHER FINANCING USES:
Operating transfers out to other funds:
Capital Projects - Borough Projects
Debt Service Funds
Total other financing uses
Excess of revenues over expenditures
and other financing uses
FUND BALANCES, at beginning of year
FUND BALANCES, at end of year
Variance -
favorable 1999
Budget Actual (unfavorable) Actual
$ 233,000
$ 252,645
$ 19,645
$ 233,217
14,000
12,675
(1,325)
16,221
2,000
711
(1,289)
654
15,000
4,859
(10,141)
37,120
-
36,261
36,261
21,457
264,000
307,151
43,151
308,669
52,420
50,432
1,988
50,301
15,000
4,840
10,160
9,387
15,660
13,218
2,442
15,749
19,000
1,680
17,320
7,484
111,920
61,793
50,127
64,425
25,000
10,719
14,281
4,137
25,000
-
25,000
-
264,000
142,682
121,318
151,483
-
164,469
164,469
157,186
(990)
(1,616) (1,616) -
(1,616) (1,616) (990)
$ - 162,853 $ 162,853 156,196
476,524 320,328
s
$ 639,377 $ 476,524
i
59
1
r
KODIAK ISLAND BOROUGH
EXHIBIT B-4
SPECIAL REVENUE FUNDS
FIRE AND ROAD SERVICE AREAS - WOMENS BAY FIRE DEPARTMENT
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
MU
REVENUES:
Property taxes
State sources
Licenses, permits, fees and
other local revenues
Investments and property
Total revenues
EXPENDITURES:
General and administration:
Personnel services
Fringe benefits
Support goods and services
Capital outlay
Total expenditures
Excess of revenues over expenditures
OTHER FINANCING SOURCES:
Operating transfers in from other funds:
Special Revenue Funds
Excess of revenues and other
financing sources over expenditures
FUND BALANCES, at beginning of year
FUND BALANCES, at end of year
Variance -
favorable 1999
Budget Actual (unfavorable) Actual
$ 48,470
$ 49,897
$ 1,427
$ 48,491
425
416
(9)
3,974
9,000
8,267
(733)
9,017
3,000
9,979
6,979
6,818
60,895
68,559
7,664
68,300
1,700
39
1,661
689
3,000
-
3,000
-
46,245
25,449
20,796
34,818
10,550
6,487
4,063
3,799
61,495
31,975
29,520
39,306
(600)
36,584
37,184
28,994
$ - 37,184 $ 37,184 28,994
150,882 121,888
$ 188,066 $ 150,882
.1
I
i KODIAK ISLAND BOROUGH
EXHIBIT B -5
Total revenues
EXPENDITURES:
General and administration:
Contracted services
Support goods and services
Total expenditures
Excess of revenues over expenditures
30,640 29,612 (1,028) 29,764
30,540 15,139 15,401 14,133
100 79 21 101
30,640 15,218 15,422 14,234
$ - 14,394 $ 14,394 15,530
FUND BALANCES, at beginning of year
FUND BALANCES, at end of year
18,012
$ 32,406
2,482
$ 18,012
61
SPECIAL REVENUE FUNDS
FIRE AND ROAD SERVICE AREAS - KODIAK AIRPORT FIRE DISTRICT
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
2000
Variance-
favorable
1999
Budget Actual
(unfavorable)
Actual
REVENUES:
Property taxes $ 30,350 $ 28,483
$ (1,867)
$ 29,178
Investments and property 290 1,129
839
586
Total revenues
EXPENDITURES:
General and administration:
Contracted services
Support goods and services
Total expenditures
Excess of revenues over expenditures
30,640 29,612 (1,028) 29,764
30,540 15,139 15,401 14,133
100 79 21 101
30,640 15,218 15,422 14,234
$ - 14,394 $ 14,394 15,530
FUND BALANCES, at beginning of year
FUND BALANCES, at end of year
18,012
$ 32,406
2,482
$ 18,012
61
KODIAK ISLAND BOROUGH
EXHIBIT B -6
SPECIAL REVENUE FUNDS
FIRE AND ROAD SERVICE AREAS - MONASHKA BAY ROAD SERVICE AREA
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
!121
62
Variance-
favorable
1999
Budget
Actual
(unfavorable)
Actual
REVENUES:
Property taxes
$ 19,690
$ 21,499
$ 1,809
$ 19,546
State sources - Shared revenue
1,410
1,243
(167)
1,855
Investments and property
2,300
2,749
449
2,769
Total revenues
23,400
25,491
2,091
24,170
EXPENDITURES:
Capital outlay:
Service district maintenance:
Personnel services
500
-
500
-
Snow removal/sanding
12,000
12,777
(777)
15,073
Road grading/ditching
8,500
10,258
(1,758)
1,890
Repairs and maintenance
1,500
730
770
40,722
Support goods and services
900
72
828
101
Total expenditures
23,400
23,837
(437)
57,786
Excess (deficiency) of revenues over
(under) expenditures
$ -
1,654
$ 1,654
(33,616)
FUND BALANCES, at beginning of year
43,629
77,245
FUND BALANCES, at end of year
$ 45,283
$ 43,629
62
1
KODIAK ISLAND BOROUGH EXHIBIT B -7
SPECIAL REVENUE FUNDS
FIRE AND ROAD SERVICE AREAS - SERVICE DISTRICT NO. 1
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
2000
Variance-
favorable 1999
Budget Actual (unfavorable) Actual
REVENUES:
Property taxes
$ 52,000
$ 54,118
$ 2,118
$ 74,760
State sources - Shared revenue
8,000
5,024
(2,976)
8,889
Federal sources - Payment in lieu of taxes
2,500
237
(2,263)
327
Investments and property
10,000
11,952
1,952
12,044
Total revenues
EXPENDITURES:
Capital outlay:
Service district maintenance:
Personnel services
Repairs and maintenance
Snow removal/sanding
Road grading/ditching
Support goods and services
Total expenditures
Deficiency of revenues
under expenditures
72,500 71,331 (1,169) 96,020
4,150
3,432
718
3,536
50,000
22,532
27,468
32,352
65,000
46,618
18,382
68,154
30,000
30,413
(413)
36,727
6,500
2,251
4,249
1,624
155,650
105,246
50,404
142,393
$ (83,150)
(33,915)
$ 49.235
(46,373)
FUND BALANCES, at beginning of year
FUND BALANCES, at end of year
220,173 266,546
$ 186,258 $ 220,173
63
1
1
KODIAK ISLAND BOROUGH EXHIBIT B -8
SPECIAL REVENUE FUNDS
FIRE AND ROAD SERVICE AREAS - WOMENS BAY SERVICE AREA
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
1
2000
1
Variance-
favorable
1999
Budget
Actual
(unfavorable)
Actual
REVENUES:
Property taxes
$ 73,900
$ 76,153
$ 2,253
$ 73,863
State sources - Shared revenue
8,520
5,875
(2,645)
8,520
Licenses, permits, fees and other
local revenues
20,000
20,000
-
20,000
Investments and property
5,280
10,537
5,257
8,034
Total revenues
107,700
112,565
4,865
110,417
EXPENDITURES:
Capital outlay:
Service district maintenance:
Personnel services
3,430
-
3,430
-
Snow removal/sanding
49,400
50,647
(1,247)
42,714
Road grading/ditching
23,170
10,193
12,977
43,563
Repairs and maintenance
30,000
18,200
11,800
9,165
Service district maintenance
1,100
354
746
(221)
Total expenditures
107,100
79,394
27,706
95,221
OTHER FINANCING USES:
Operating transfers out to other funds:
Womens Bay Fire Department
(600)
(600)
-
-
Excess of revenues over
expenditures and other financing uses
$ -
32,571
$ 32,571
15,196
FUND BALANCES, at beginning of year
138,301
123,105
FUND BALANCES, at end of year
$ 170,872
$ 138,301
1
64
1
KODIAK ISLAND BOROUGH
EXHIBIT B -9
SPECIAL REVENUE FUNDS
FIRE AND ROAD SERVICE AREAS - BAY VIEW ROAD SERVICE AREA
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
i M
M
Variance-
favorable
1999
Budget
Actual
(unfavorable)
Actual
REVENUES:
Property taxes
$ 4,600
$ 5,058
$ 458
$ 4,754
State sources - Shared revenue
670
447
(223)
675
Investments and property
200
221
21
245
Total revenues
5,470
5,726
256
5,674
EXPENDITURES:
Capital outlay:
Service district maintenance:
Snow removal/sanding
2,500
3,921
(1,421)
7,196
Road grading/ditching
1,970
1,072
898
1,040
Repairs and maintenance
1,000
-
1,000
125
Support goods and services
-
15
(15)
36
Total expenditures
5,470
5,008
462
8,397
Excess (deficiency) of revenues
over (under) expenditures
$ -
718
$ 718
(2,723)
FUND BALANCES, at beginning of year
1,536
4,259
FUND BALANCES, at end of year
$ 2,254
$ 1,536
M
KODIAK ISLAND BOROUGH EXHIBIT B -10
SPECIAL REVENUE FUNDS
FIRE AND ROAD SERVICE AREAS - SERVICE AREA NO.2
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, - (with comparative totals for 1999)
2000
Variance -
favorable 1999
Budget Actual (unfavorable) Actual
REVENUES:
Investments and property $ 200 $ 200 $ - $ 159
EXPENDITURES:
Capital outlay:
Service district maintenance
Excess of revenues
over expenditures
FUND BALANCES, at beginning of year
200 - 200 -
$ - 200 $ 200 159
FUND BALANCES, at end of year $ 3,697
66
3,338
$ 3,497
KODIAK ISLAND BOROUGH
EXHIBIT B -11
SPECIAL REVENUE FUNDS
MENTAL HEALTH CENTER
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND DEFICITS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
2000
Variance-
favorable 1999
Budget Actual (unfavorable) Actual
REVENUES:
State sources:
Health, Social and Community Services Program $ - $ - $ - $ 2,677
Licenses, permits, fees and other local revenues:
Net individual and organization user fees - (150) (150) -
Other - 2,592 2,592 -
Total revenues
EXPENDITURES:
Health and sanitation department:
Mental health program:
Personnel services
Other
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
FUND DEFICITS, at beginning of year
FUND DEFICITS, at end of year
2,442 2,442 2,677
- -
- 161
- (777)
777 249,837
- (777)
777 249,998
$ - 3,219 $
3,219 (247,321)
(326,518)
(79,197)
$ (323,299)
$ (326,518)
67
KODIAK ISLAND BOROUGH
EXHIBIT B -12
SPECIAL REVENUE FUNDS
COASTAL MANAGEMENT
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND DEFICITS
BUDGET AND ACTUAL
YEAR ENDED JUNE 3 0 , 2000 (with comparative totals for 1999)
M
Variance-
favorable 1999
Budget Actual (unfavorable) Actual
REVENUES:
State sources - Grants $ 25,670 $ 25,670 $ - $ 36,090
Total revenues 25,670 25,670 - 36,090
EXPENDITURES:
Community development department:
CMG Special - - - 10,000
Planning and zoning 25,670 25,670 - 26,090
Total expenditures 25,670 25,670 - 36,090
Excess of revenues over expenditures $ - - $
FUND DEFICITS, at beginning of year (147) (147)
FUND DEFICITS, at end of year $ (147) $ (147)
68
KODIAK ISLAND BOROUGH EXHIBIT B -13
SPECIAL REVENUE FUNDS
CHILD CARE ASSISTANCE PROGRAM
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
2000
Variance -
favorable 1999
Budget Actual (unfavorable) Actual
REVENUES:
State sources - Grants $ 540,048 $ 479,806 $ (60,242) $ 497,522
Other - 4,031 4,031 -
Total revenues 540,048 483,837 (56,211) 497,522
EXPENDITURES:
Health and sanitation department:
Day care payments
Total expenditures
Excess of revenues
over expenditures
FUND BALANCES, at beginning of year
FUND BALANCES, at end of year
540,048 479,806 60,242 497,028
540,048 479,806 60,242 497,028
$ - 4,031 $ 4,031 494
9,636
$ 13,667
M .
9,142
$ 9,636
KODIAK ISLAND BOROUGH
EXHIBIT B -14
SPECIAL REVENUE FUNDS
WELFARE TO WORK PROGRAM
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
K12
REVENUES:
State sources - Grants
Federal sources - Grants
Total revenues
EXPENDITURES:
General and administration:
Personnel services
Professional services
Support goods and services
Capital outlay
Total expenditures
Excess of revenues
over expenditures
FUND BALANCES, at beginning of year
FUND BALANCES, at end of year
25,095
16,997
Variance -
5,720
308,015
141,674
favorable
1999
Budget
Actual
(unfavorable)
Actual
$ 215,500
$ 145,755
$ (69,745)
$ 93,730
123,810
16,028
(107,782)
-
339,310
161,783
(177,527)
93,730
25,095
16,997
8,098
5,720
308,015
141,674
166,341
87,607
5,000
3,112
1,888
403
1,200
-
1,200
-
339,310
161,783
177,527
93,730
70
�
i
I 1
I KODIAK ISLAND BOROUGH
EXHIBIT B -15
SPECIAL REVENUE FUNDS
LAND SALES
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE (DEFICIT)
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
1
REVENUES:
Land sale proceeds
Licenses, permits, fees and other
local revenues:
Gravel sales
Other
Total revenues
EXPENDITURES:
General and administration:
Personnel services
Contracted services
Support goods and services
Capital outlay
Total expenditures
Excess of revenues over expenditures
OTHER FINANCING SOURCES:
Operating transfers in from other funds:
Debt Service Fund Other
Excess of revenues and other financing
sources over expenditures
FUND DEFICITS, at beginning of year
FUND BALANCE (DEFICIT), at end of year
Variance-
favorable 1999
Budget Actual (unfavorable) Actual
$ 154,030 $ 319,461 $ 165,431 $ 158,858
50,600
30,000
(20,600)
57,524
1,000
27,555
26,555
3,530
205,630
377,016
171,386
219,912
87,080
87,599
(519)
159,215
72,660
13,295
59,365
1,566
45,890
27,519
18,371
26,870
-
38,992
(38.992)
4,012
205,630
167,405
38.225
191,663
-
209,611
209,611
28,249
7,220
$ - 209,611 $ 209,611 35,469
(38,172) (73,641)
$ 171,439 $ (38,172)
71
KODIAK ISLAND BOROUGH EXHIBIT B -16
SPECIAL REVENUE FUNDS
BUILDINGS AND GROUNDS
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND DEFICITS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
2000
Variance-
favorable 1999
Budget Actual (unfavorable) Actual
REVENUES:
Investments and property:
Rental $ 308,810 $ 314,017 $ 5,207 $ 303,634
Total revenues
EXPENDITURES:
General and administration:
Engineering facilities
School buildings
Borough buildings
Apartments
Parks operation and maintenance
Total expenditures
Deficiency of revenues
under expenditures
OTHER FINANCING SOURCES:
Operating transfers in from other funds:
General Fund
Facilities Fund
Debt Service Fund Other
Net other financing sources
(Deficiency) excess of revenues and other
financing sources (under) over expenditures
FUND DEFICITS, at beginning of year
FUND DEFICITS, at end of year
308,810 314,017 5,207 303,634
4,220
183,337
(179,117)
-
176,000
178,315
(2,315)
105,056
286,710
268,435
18,275
361,213
-
3,008
(3,008)
6,729
41,830
29,187
12,643
49,298
508,760
662,282
(153,522)
522,296
(199,950)
(348,265)
148,315
(218,662)
27,770 27,770 - 119,770
100,000 100,000 - 180,000
3,911 3,911 718
127,770 131,681 3,911 300,488
$ (72,180) (216,584) $ 152,2 81,826
(89,743) (171,569)
$ (306,327) $ (89,743)
72
KODIAK ISLAND BOROUGH
EXHIBIT B -17
SPECIAL REVENUE FUNDS
WOODLAND ACRES STREET LIGHT SERVICE AREA
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
01
REVENUES:
State sources - Shared revenue
Investments and property
Total revenues
EXPENDITURES:
General and administration:
Electricity
Capital outlay
Total expenditures
Deficiency of revenues under
expenditures
FUND BALANCES, at beginning of year
FUND BALANCES, at end of year
Variance -
favorable 1999
Budget Actual (unfavorable) Actual
$ 90 $ 54 $ (36) $ 89
2,000 2,403 403 2,145
2,090 2,457 367 2,234
7,470 5,098 2,372 5,066
3,000 - 3,000 -
10,470 5,098 5,372 5,066
$ (8,380) (2,641) $ 5,739 (2,832)
$ 41,906 $ 44,547
73
KODIAK ISLAND BOROUGH
EXHIBIT B -18 I
SPECIAL REVENUE FUNDS
KODIAK ARTS COUNCIL
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
IMIZ
REVENUES:
Licenses, permits, fees and
other local revenues:
Reimbursement from Kodiak
Arts Council
Total revenues
EXPENDITURES:
General and administration:
Personnel services
Fringe benefits
Support goods and services
Total expenditures
Excess of revenues over expenditures
FUND BALANCE (DEFICIT), at beginning of year
FUND BALANCES, at end of year
Variance-
favorable 1999
Budget Actual (unfavorable) Actual
$ 69,380
$ 53,518
$ (15,862)
$ 44,696
15,580
10,347
5,233
6,620
69,380
53,518
(15,862)
44,696
52,400
42,205
10,195
34,736
15,580
10,347
5,233
6,620
1,400
849
551
981
69,380
53,401
15,979
42,337
$ -
117
$ 117
2,359
29
$ 146
(2,330)
$ 29
74
KODIAK ISLAND BOROUGH EXHIBIT B -19
SPECIAL REVENUE FUNDS
FACILITIES
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
2000
Variance -
favorable 1999
Budget Actual (unfavorable) Actual
REVENUES:
Land sale proceeds:
Proceeds from the sale of Shuyak Island
Investments and property
Total revenues
EXPENDITURES:
General and administration
Total expenditures
Excess of revenues over expenses
OTHER FINANCING SOURCES AND (USES):
Operating transfers in (out) from (to) other funds:
Capital Projects - Borough projects
Buildings and grounds
Enterprise - KFRC
Debt Service Funds
Net other financing uses
Excess of revenues and other financing sources
over expenditures and other financing uses
FUND BALANCES, at beginning of year
FUND BALANCES, at end of year
$ 4,000,000 $ 4,000,000 $ - $ 4,000,000
727,921 376,209 (351,712) 681,413
4,727,921 4,376,209 (351,712) 4,681,413
4,148,720
4,148,720
579,201
- 4,148,720
4,148,720 -
4,376,209 3,797,008 4,681,413
(200,640) (200,640) - (296,000)
(100,000) (100,000) - (180,000)
549,763 549,763 -
(278,561) (278,562) (1) -
(579,201) (29,439) 549,762 (476,000)
$ - 4,346,770 $ 4,346,770 4,205,413
75
12,954,309 8,748,896
$17,301,079 $ 12,954,309
KODIAK ISLAND BOROUGH EXHIBIT B -20
SPECIAL REVENUE FUNDS
TOURISM DEVELOPMENT
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
2000
Variance -
favorable 1999
Budget Actual (unfavorable) Actual
REVENUES:
Licenses, permits, fees
and other local revenues
Investments and property
Total revenues
EXPENDITURES:
Community development department:
Contracted services
Contributions
Support goods and services
Total expenditures
(Deficiency) excess of revenues
(under) over expenditures
$ 42,700 $ 37,889 $ (4,811) $ 39,609
200 - (200) -
42,900 37,889 (5,011) 39,609
- -
-
10,000
42,900 37,900
5,000
28,600
- 24
(24)
(4)
42,900 37,924
4,976
38,596
$ - (35)
$ (35)
1,013
FUND BALANCES, at beginning of year 20,319 19,306
FUND BALANCES, at end of year $ 20,284 $ 20,319
76
KODIAK ISLAND BOROUGH
EXHIBIT B -21
SPECIAL REVENUE FUNDS
KODIAK TRANSIT AUTHORITY
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE (DEFICIT)
BUDGET AND ACTUAL
YE AR ENDED JUNE 30, 2000 (with comparative totals for 1999)
01
REVENUES:
City of Kodiak subsidy
State sources - Grants
Federal sources - Grants
Licenses, permits, fees
and other local revenues
Total revenues
EXPENDITURES:
General and administration:
Transportation services
Support goods and services
Capital outlay
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
FUND DEFICITS, at beginning of year
FUND BALANCE (DEFICIT), at end of year
Variance -
favorable 1999
Budget Actual (unfavorable) Actual
$ 50,000 $ 42,837 $ (7,163) $ 56,400
100,000 255,662 155,662 35,095
- 15,315 15,315 -
50,000
15,267
(34,733)
45,894
200,000
329,081
129,081
137,389
333,000 83,342 249,658 321,474
17,000 262 16,738 12,879
- - - 26,460
350,000 83,604 266,396 360,813
$ (150,000) 245,477 $ 395,477 (223,424)
(245,477) (22,053)
$ - $ (245,477)
77
KODIAK ISLAND BOROUGH EXHIBIT B -22
SPECIAL REVENUE FUNDS
L.E.P.C.
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
2000
Variance -
favorable 1999
Budget Actual (unfavorable) Actual
REVENUES:
State sources:
L.E.P.C.grant
Total revenues
EXPENDITURES:
General and administration:
Personnel services
Contracted services
Support goods and services
Total expenditures
(Deficiency) excess of revenues (under)
over expenditures
FUND BALANCES, at beginning of year
FUND BALANCES, at end of year
$ 30,600 $ 30,600 $ - $ 32,204
30,600 30,600 - 32,204
- 2,178 (2,178) 1,049
30,600 25,942 4,658 29,050
- 2,481 (2,481) 2,104
30,600 30,601 (1) 32,203
$ - (1) $ (1) 1
$ 1
78
1
1
1
n
DEBT SERVICE FUNDS
1
1,
n
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.
DEBT SERVICE FUNDS
The Debt Service — Education and Health Fund was established to finance and account for the
payment of interest and principal on all general obligation debts, serial and term, other than that payable
exclusively from special assessments and revenue debt issued for and serviced by a government
enterprise fund.
The Debt Service — Other Fund accounts for the long -term portion of the accrued vacation of Kodiak
Island Borough employees.
KODIAK ISLAND BOROUGH EXHIBIT C -1
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 2000 (with comparative totals for 1999)
Education
and Totals
Health Other 2000 1999
ASSETS
Equity in central treasury
$ 2,880 $ 132,006
$ 134,886
$ 244
Temporary investments
694,611 -
694,611
-
Accrued interest receivable
17,318 -
17,318
-
Due from State of Alaska
- -
-
16,506
Due from other funds
- -
-
455,967
TOTAL
$ 714,809 $ 132,006
$ 846,815
$ 472,717
LIABILITIES AND FUND BALANCES
LIABHITIES:
Accounts payable
$ - $ -
$ -
$ 10,417
Due to other funds
442,158 -
442,158
-
Total liabilities
442,158 -
442,158
10,417
FUND BALANCES:
Reserved for subsequent year expenditures - - - 221,230
Unreserved 272,651 132,006 404,657 241,070
Total fund balances 272,651 132,006 404,657 462,300
TOTAL $ 714,809 $ 132,006 $ 846,815 $ 472,717
79
KODIAK ISLAND BOROUGH
EXHIBIT C -2
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
REVENUES:
Investments and property:
Interest income
Other income
Total revenues
EXPENDITURES:
Debt service:
Principal
Interest
Fiscal agent fees
Current:
General and administration
Total expenditures
Deficiency of revenues under expenditures
OTHER FINANCING SOURCES (USES):
Proceeds from issuance of bonds
Accrued interest
Discount on bonds
Purchase of restricted escrow
Underwriters discount
MBIA insurance
Insurance
Accrued interest
Other
Operating transfer in from component unit
Operating transfers in from other funds
Operating transfers out to other funds
Net other financing sources
Education
and Totals
Health Other 2000 1999
$ 23,700 $ - $ 23,700 $ -
- - - 1,834
23,700 - 23.700 1,834
1,905,834 - 1,905,834 1,915,833
855,916 - 855,916 852,040
2,247 - 2,247 1,612
4,200 - 4,200 -
2,768,197 - 2,768,197 2,769,485
(2,744,497) - (2,744,497) (2.767,651)
- 9,740,000
- - 24,236
- - - (22,681)
- - - (9,564,676)
- - - (17,356)
- - - (65,266)
- - - (68,188)
- - - (24,237)
- - - (1,832)
1,621,398 - 1,621,398 1,650,598
1,055,591 35,522 1,091,113 1,025,260
- (25,65 (25.657) (40,570)
2,676,989 9,865 2.686.854 2,635,288
(Deficiency) excess of revenues and financing sources
(under) over expenditures and financing uses (67,508) 9,865 (57,643) (132,363)
FUND BALANCES. at beginning of year 340,159 122,141 462,300 594,663
FUND BALANCES, at end of year $ 272,651 $ 132,006 $ 404.657 $ 462,300
80
KODIAK ISLAND BOROUGH
DEBT SERVICE FUNDS
EDUCATION AND HEALTH
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
EXHIBIT C -3
2000
Variance -
favorable
1999
Budget
Actual
(unfavorable)
Actual
REVENUES:
Investments and property:
Interest income
$ 4,000
$ 23,700
$ 19,700
$ -
Other income
-
-
-
1,834
Total revenues
4,000
23,700
19,700
1,834
' EXPENDITURES:
Debt service:
Principal
1,913,340
1,905,834
7,506
1,915,833
Interest
841,850
855,916
(14,066)
852,040
Fiscal agent fees
10,000
2,247
7,753
1,612
Current:
t General and administration
34,400
4,200
30,200
-
Total expenditures
2,799.590
2,768.197
31,393
2,769,485
Deficiency of revenues
under expenditures
(2,795.590)
(2,744,497)
51,093
(2,767.651)
OTHER FINANCING SOURCES (USES):
Proceeds from issuance of bonds
-
-
-
9,740,000
'
Accrued interest
24,236
Discount on bonds
-
-
-
(22,681)
Purchase of restricted escrow
-
-
(9,564,676)
Underwriters discount
(17,356)
MBIA insurance
-
-
-
(65,266)
Insurance
(68,188)
'
Accrued interest
-
-
(24,237)
Other
-
-
-
(1,832)
Operating transfer in from component unit
1,496,690
1,621,398
124,708
1,650,598
' Operating transfers in from other funds
1,055.591
1,055,591
-
1,024,270
Net other financing sources
2,552.281
2,676,989
124,708
2,674,868
Deficiency of revenues and other
financing sources under expenditures
and other financing uses
$ (243,309)
(67,508)
$ 175,801
(92,783)
' FUND BALANCES, at beginning of year
340,159
432,942
FUND BALANCES, at end of year
$ 272,651
$ 340,159
81
KODIAK ISLAND BOROUGH EXHIBIT C -4
DEBT SERVICE FUNDS
OTHER
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
2000
Variance -
favorable 1999
Budget Actual (unfavorable) Actual
EXPENDITURES:
Employee benefits $ 9,000 $ - $ 9,000 $ -
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds 9,000 35,522 26,522 990
Operating transfer out to other funds - (25,657) (25,657) (40,570)
Net other financing sources (uses) 9,000 9,865 865 (39,580)
Excess (deficiency) of revenues and other
financing sources over (under) expenditures
and other financing uses $
FUND BALANCES, at beginning of year
FUND BALANCES, at end of year
9,865 $ (8,135)
122,141
$ 132,006
(39,580)
161.721
$ 122,141
82
i
1
P ,
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
r_1
CAPITAL PROJECTS FUNDS
The Various
us Borough Projects Fund accounts for general government construction projects not
accounted for in other funds.
The State Capita! Grants Fund accounts for capital improvement projects relating to grants received
from the State of Alaska.
1
KODIAK ISLAND BOROUGH
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEET
JUNE 30, 2000 (with comparative totals for 1999)
EXHIBIT D -1
Various State
Borough Capital Totals
Projects Grants 2000 1999
ASSETS
Equity in central treasury
Temporary investments
Receivables:
Accrued interest
State of Alaska
Due from other funds
TOTAL
LIABILITIES AND FUND BALANCES
LIABILITIES:
Accounts payable
Retainages payable
Deferred revenues
Due to other funds
Total liabilities
FUND BALANCES:
Fund Balances:
Reserved for encumbrances
Unreserved:
Undesignated
Total fund balances
TOTAL
$ 28,130 $ 52,317 $ 80,447 $ -
297,690 - 297,690 -
7,422 - 7,422 -
- 22,909 22,909 306,427
323,149 323,149 300,822
$ 333,242 $ 398,375 $ 731,617 $ 607,249
$ 6,180 $ 6,480 $ 12,660 $ 35,631
3,706 1 3,707 113,826
- 25,354 25,354 -
- 4,038 4,038 186,751
9,886 35,873 45.759 336,208
59,459 59,459 639,101
323,356
303,043
626.399
(368,060)
323,356
362,502
685,858
271,041
$ 333,242
$ 398.375
$ 731,617
$ 607,249
83
KODIAK ISLAND BOROUGH
EXHIBIT D -2
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
TRANSFERS AND CHANGES IN FUND BALANCES
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
REVENUES:
State sources
Federal sources
Licenses, permits, fees and
other local revenues
Investments and property
Total revenues
EXPENDITURES:
Capital outlay:
Schools
General
Total expenditures
Deficiency of revenues
under expenditures
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds
Operating transfers out to other funds
Proceeds from issuance of long -term debt
Net other financing sources
Excess (deficiency) of revenues and other
financing sources over (under)
expenditures and other financing uses
FUND BALANCES, at beginning of year
Residual equity transfers in (out)
FUND BALANCES, at end of year
Various State
Borough Capital Totals
Projects Grants 2000 1999
$ - $ 13,498 $ 13,498 $ 787,028
39,366 39,366 296,494
(9,630) - (9,630) 10,800
10,157 (7,854) 2,303 135,433
527 45,010 45,537 1,229,755
5,487 - 5,487 963,893
99,551 45,077 144,628 4,166,635
105,038 45,077 150,115 5,130,528
(104,511) (67) (104,578) (3,900,773)
222,640 - 222,640 1,206,742
- - - (974,393)
- - - 5,249
222,640 - 222,640 237,598
118,129 (67) 118,062 (3,663,175)
205,227 65,814 271,041 4,168,492
- 296,755 296,755 (234,276)
$ 323,356 $ 362,502 $ 685,858 $ 271,041
84
I
1
KODIAK ISLAND BOROUGH
CAPITAL PROJECTS FUNDS
SCHEDULE OF CAPITAL PROJECTS
FOR THE YEAR ENDED JUNE 30, 2000
Capital Projects - Health:
APPROPRIATIONS
121
410 -647 New Ambulance Purchase
Open
24,000 -
Total
NO.
PROJECT
Status
Prior
2000 appropriations
24,000 -
24,000
Capital Projects - Education:
Capital Projects - Utilities:
128
410 -653 Peterson Addition (Match)
Open
$ 1,269,450
$ - $
1,269,450
130
410 -655 East Elementary Doorways
Open
4,200
-
4,200
152
410 -668 High School Roof Design
Open
72,800
-
72,800
00100
430 -696 School Repair KHS Roof
Open
-
181,100
181,100
00101
410 -697 School Repair KHS Roof
Open
-
200,640
200,640
-
Total Capital Projects - education
85
1,346,450
381,740
1,728,190
Capital Projects - Health:
121
410 -647 New Ambulance Purchase
Open
24,000 -
24,000
Total Capital Projects - health
24,000 -
24,000
Capital Projects - Utilities:
550 -750 Undesignated (City of Kodiak)
Open
- -
-
00102
410 -698 Bayside Underground Electric
Open
- 22,000
22,000
,
182
410 -692 State Fair & Rodeo Water
Open
25,000 -
25,000
Total Capital Projects - utilities
25,000 22,000
47,000
Capital Projects - Other:
410 -400 Undesignated Projects
Open
- -
-
85
410 -471 Village Metals Removal
Open
150,000 -
150,000
105
410 -482 Anton Larsen Dock
Open
140,000 -
140
114
410 -642 State Airport Improvements
Open
11,000 -
11,000
117
410 -645 Heliopad Striping
Open
3,000 -
3,000
133
410 -658 Red Cross Building Repairs
Open
12,000 -
12
142
430 -642 Clean Water Fund/Karluk
Open
50,000 -
50,000
143
430 -643 EVOSTC Project
Complete
250,000 -
250,000
145
410 -662 Computer Software Acquis.
Open
590,000 -
590,000
146
410 -663 BMX Bike Trail
Open
55,000 -
55,000
158
410 -674 Fire Service Study
Complete
31 -
31,055
159
410 -675 Borough Parks
Open
26,500 -
26,500
164
430 -645 Waste Management Imp
Open
1,857,100 (271,300)
1,585,800
86
EXHIBIT D -3
EXPENDITURES ENCUMBRANCES
Total Unexpended Current Unencumbered
Prior 2000 expenditures balance encumbrances balance
$ 1,166,510 $ 2,940 $ 1,169,450 $ 100,000 $ -
- _ - 4,200 -
5,877 757 6,634 66,166 -
- - 181,100 -
- - 200,640 -
1,172,387 3,697 1,176,084 552,106
$ 100,000
4,200
66,166
181,100
200,640
552,106
_
-
-
24,000
- 24,000
_
-
-
24,000
- 24,000
_
-
-
22,000
- 22,000
8,239
3,568
11,807
13,193
- 13,193
8,239
3,568
11,807
35,193
- 35,193
57,509
-
57,509
(57,509)
- (57,509)
111,415
9,124
120,539
29,461
- 29,461
137,790
1.790
139,580
420
- 420
C
-
60
10,940
- 10,940
-
-
-
3,000
- 3,000
6,777
-
6,777
5,223
- 5,223
23,192
-
23,192
26,808
- 26,808
238,776
65
238,841
11,159
- 11,159
431,781
33,966
465,747
124,253
- 124,253
15,942
33,336
49,278
5,722
- 5,722
27,980
5,396
33,376
(2,321)
- (2,321)
3,031
7,200
10,231
16,269
- 16,269
-
13,500
13,500
1,572,300
- 1,572,300
(continued)
87
KODIAK ISLAND BOROUGH
CAPITAL PROJECTS FUNDS
SCHEDULE OF CAPITAL PROJECTS
FOR THE YEAR ENDED JUNE 30, 2000
APPROPRIATIONS
PROJECT Total
NO. PROJECT Status Prior 2000 appropriations
Capital Projects - Other (continued) :
169
430 -649 Clean Water Karluk
Open $
350,000
$ - $
350,000
170
410 -680 Bayside Fuel Tank Removal
Open
5,000
-
5,000
172
410 -682 Nixon Ranch Road
Open
23,000
-
23,000
173
410 -683 Bayside Classroom Add
Open
75,000
-
75,000
174
410 -684 Bayside Storage/Bay Add
Open
325,000
-
325,000
177
430 -687 Anton Larsen Boat Ramp
Open
400,000
-
400,000
178
430 -688 Karluk Clinic
Open
224,500
(224,500)
-
183
410 -693 School Freezer Relocation
Complete
40,000
-
40,000
184
430 -694 Oil Spill Response Equipment
Open
400,000
-
400,000
00103
430 -691 Island Lake Fish Passage
Open
-
10,000
10,000
00104
430 -699 Tide Gate
Open
-
10,000
10,000
00106
410 -690 MIS Study
Open
-
20,000
20,000
Transfers Out - Fund 410
Complete
-
16,252
16,252
Total Capital Projects - other 5,018,155 (439,548) 4,578,607
Total Capital Projects $ 6,413,605 $ (35,808) $ 6,377,797
88
1
EXHIBIT D -3, continued
1
1
1
EXPENDITURES ENCUMBRANCES
Total Unexpended Current Unencumbered
Prior 2000 expenditures balance encumbrances balance
$ 84,249 $
4,940 $
89,189 $
-
4,180
4,180
200
1,331
1,531
48,199
-
48,199
20
-
20
7,979
34,426
42,405
7,854
(7,854)
-
30,419
1,450
31,869
188,393
-
188,393
260,811 $
- $ 260,811
820
- 820
21,469
- 21,469
26,801
- 26,801
324,980
- 324,980
357,595
59,459 298,136
8,131
- 8,131
400,000
- 400,000
10,000
- 10,000
10,000
- 10,000
20,000
- 20,000
(172,141)
- (172,141)
1,421,566 142,850 1,564,416
$ 2,602,192 $ 150,115 $ 2,752.307 $
3,014,191 59,459 2,954,732
3,625,490 $ 59,459 $ 3,566,031
89
1
�
1
F,
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
L through user charges.
1
1
KODIAK ISLAND BOROUGH
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
JUNE 30. 2000 (with comparative totals for 1999)
Municipal Kodiak
Solid Waste Fisheries
Collection and Hospital 911 Research Totals
Disposal Facilities Services Center 2000 1999
ASSETS
CURRENT ASSETS:
Equity in central treasury
$ 62,633
$ - $ 31,444
$ 239,114
$ 333,191
$ 100
Temporary investments
653,889
451,134 -
750,123
1,855,146
2,078,749
Accrued interest receivable
5,886
3,922 -
2,220
12,028
1,109
Customer receivables
287,309
217,699 -
5,078
510,086
243,209
Accounts receivable -
State of Alaska
31,094
- -
-
31,094
-
Due from other funds
147,935
- -
400,000
547,935
143,243
Inventories
-
277,007 -
-
277,007
277,005
Total current assets
1,188.746
949,762 31,444
1,396,535
3.566,487
2,743,415
RESTRICTED ASSETS:
Cash with fiscal agent
-
- -
-
-
218,013
FIXED ASSETS:
'
Unclassified utility
plant in service
2,205,383
- -
-
2,205,383
2,205,383
Land and improvements
-
409,068 -
1,021,998
1,431,066
1,431,067
Buildings
-
26,199,619 -
17,840,400
44,040,019
40,071,761
Machinery and equipment
1,031,461
5,353,242 -
1,158,822
7,543,525
7,407,440
Construction work -in- process
1,941,032
- -
-
1,941.032
4,563,935
5,177,876
31,961,929 -
20,021,220
57,161,025
55,679,586
Less accumulated depreciation
(1,154,640)
(6,559,029) -
(750,694)
(8,464.363)
(7,145,916)
Net fixed assets
4,023,236
25,402,900 -
19,270,526
48,696,662
48,533,670
I
TOTAL $ 5,211,982 S 26.352.662 $ 31,444 $ 20.667,061 $ 52,263.149 $ 51.495.098 1
92 1
1
1
EXMBIT E -1
Total current liabilities 592,731 1,010,004 - 599,457 2,202,192 1,808,932
NONCURRENT LIABILITIES:
Notes payable 932,118 1,299,349
- - 2,231,467
Municipal
Capital lease obligation - 1,074,993
Kodiak
640,783
Long -term interfund
Solid Waste
- 7,595,000 7,595,000
Fisheries
Accrual for landfill
closure and
Collection and
Hospital 911
Research
Totals
1,939,400
Total liabilities 3,591,607 3,384,346
- 8,194,457 15,170,410
Disposal
Facilities Services
Center
2000
1999
27,315,515
LIABILITIES AND FUND EQUITIES
3,852,495
17,956,116
- 11,920,540
33,729,151
33,033,442
CURRENT LIABILITIES:
(925,275)
(598,538)
- (397,351)
(1,921,164)
(872,866)
I
Accounts payable
$ 168,685
$ 8,012 $
$ 121,195
$ 297,892 $
241,835
2,927,220
Retainage payable
78,750
_
32,160,576
78,750
Accrued expenses
45,993
- -
5,269
51262
25,139
Current portion of
notes payable
-
592,013
-
592,013
556,625
Current portion of capital
lease obligation
-
261,984 -
-
261,984
376,984
Deferred revenues
-
-
-
-
60,000
Due to other funds
299,303
_
147,995
472,993
920,291
548,349
Total current liabilities 592,731 1,010,004 - 599,457 2,202,192 1,808,932
NONCURRENT LIABILITIES:
Notes payable 932,118 1,299,349
- - 2,231,467
2,310,230
Capital lease obligation - 1,074,993
- - 1,074,993
640,783
Long -term interfund
borrowings - -
- 7,595,000 7,595,000
7,805,000
Accrual for landfill
closure and
(1,306,845) 444,021
31,444 733,929
postclosure costs 2,066,758 -
- - 2,066,758
1,939,400
Total liabilities 3,591,607 3,384,346
- 8,194,457 15,170,410
14,504,345
FUND EQUITIES:
- 5,166,717
- 215,486
5,382,203
5,382,203
Retained earnings
Contributions in aid
(accumulated deficits),
of construction:
unreserved
(1,306,845) 444,021
31,444 733,929
State of Alaska
3,413,636
-
- 3,000,000
6,413,636
6,136,796
Other
438,859
17,956,116
- 8,920,540
27,315,515
26,896,646
3,852,495
17,956,116
- 11,920,540
33,729,151
33,033,442
Accumulated amortization
(925,275)
(598,538)
- (397,351)
(1,921,164)
(872,866)
Net contributions in
aid of construction
2,927,220
17,357,578
- 11,523,189
31,807,987
32,160,576
Contributed capital
- 5,166,717
- 215,486
5,382,203
5,382,203
Retained earnings
(accumulated deficits),
unreserved
(1,306,845) 444,021
31,444 733,929
(97,451)
(552,026)
Total fund equities
1,620,375 22,968,316
31,444 12,472,604
37,092,739
36,990,753
TOTAL
$ 5,211,982 $ 26,352,662
$ 31,444 $ 20.667,061
$ 52,263,149
$ 51,495,098
93
i
J
KODIAK ISLAND BOROUGH
ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN RETAINED EARNINGS (ACCUMULATED DEFICITS)
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
EXHIBIT E -2
Municipal Kodiak
Solid Waste Fisheries Totals
Collection and Hospital 911 Research
Disposal Facilities Services Center 2000 1999
OPERATING REVENUES:
Solid waste collection
Solid waste disposal
State sources - revenue sharing
Customer charges
Rents and royalties
Donations
PKIMC gain
Lease proceeds
Other
OPERATING EXPENSES:
Personnel services
Solid waste collection
Refuse disposal
Contracted services
Repairs and maintenance
Landfill closure and postclosure costs
Depreciation
General and administration
Medicaid refund
Telephone services
Recycling services
Miscellaneous
Support goods and services
Contributions
Operating income (loss)
OTHER INCOME (EXPENSES):
Interest income
Interest expense
Loss on sale of assets
Net income (loss)
TRANSFER (TO) FROM OTHER FUNDS:
Operating transfers in from other funds
Operating transfers out to other funds
Amortization of contributions in aid
of construction
Increase in retained earnings
(Accumulated deficits) retained earnings,
at beginning of year
(Accumulated deficits) retained earnings,
at end of year
$ 1,697,403
$ -
$ -
$ -
$ 1,697,403
$ 1,638,078
177,587
975,557
-
-
-
975,557
855,554
(552,026)
-
44,883
-
-
44,883
67,327
-
-
63,695
-
63,695
75,951
-
-
-
1,494,342
1,494,342
995,891
-
125,000
-
125,000
91,900
217,662
-
217.662
420,613
-
720,000
-
720,000
720.000
11.895
-
-
11,895
7,740
2.684.855
1,107,545
63.695
1,494,342
5,350,437
4,873.054
327,962
63
-
137,827
465,852
485,256
1,176,729
-
-
-
1,176,729
1,131,856
298,831
-
-
-
298,831
139,565
300,217
9,269
-
40,127
349,613
307,634
29,005
-
-
279,051
308,056
42,891
128,623
-
-
-
128,623
(260,731)
98,160
1,274,984
-
746.707
2,119,851
653,272
182.957
6.512
-
-
189,469
457,727
-
27,494
-
27,494
2,200
-
-
35,909
35,909
31,379
64,900
-
-
64,900
64,110
-
-
-
51,137
51,137
-
-
-
3.359
3.359
-
8,801
-
-
-
8.801
23,524
2,616.185
1,318.322
35.909
1,258.208
5.228,624
3,078,683
68.670
(210.777)
27,786
236.134
121,813
1.794.371
24,726
21.933
-
45,325
91,984
21,086
(25,651)
(223,438)
-
-
(249,089)
(313,231)
(8.669)
-
-
(8,669)
(483)
67,745
(420.951)
27,786
281.459
(43,961)
1,501,743
-
-
-
786,000
,
-
-
(549,763)
(549,763)
(978,869)
52.409
598.538
- 397,352
1,048.299
54.340
120,154
177,587
27,786 129,048
454,575
1,363,214
(1.426.999)
266.434
3.658 604.881
(552,026)
(1,915,240)
$ (1.306.845) $ 444.021 $ 31.444 $ 733.929 $ (97.451) $ (552.026)
I ;
94
1
KODIAK ISLAND BOROUGH EXHIBIT E -3
ENTERPRISE FUNDS
COMBINING STATEMENT OF CASH FLOWS
YEAR ENDED J UNE 30, 2000 (with comparative totals for 1999)
Municipal Kodiak
Solid Waste Fisheries
Collection Hospital 911 Research Totals
and Disposal Facilities Services Center 2000 1999
OPERATING INCOME (LOSS) $ 68,670 $ (210,777) $ 27,786 $ 236,134 $ 121,813 $ 1,794,371
ADJUSTMENTS TO RECONCILE
OPERATING INCOME (LOSS) TO NET
CASH PROVIDED BY OPERATING
ACTIVITIES:
Depreciation
Loss on disposal of fixed assets
Net assets received from residual
equity transfer
Changes in assets and liabilities, net
of effects of transfer of assets and
liabilities from other funds:
Customer receivables
Due to/from other funds
Inventories
Accounts payable
Deferred revenues
Accrual for landfill closure
and postclosure costs
Due to the City of Kodiak
Other accrued liabilities
Total adjustments
Net cash provided by operating
activities
CASH FLOWS FROM NONCAPITAL
AND RELATED FINANCING
ACTIVITIES:
Operating transfers out to other funds
Operating transfers in from other funds
Net cash used in noncapital
and related financing activities
98,160 1,274,984 - 746,707 2,119,851 653,272
- 8,669 - - 8,669 -
- - - - 1,486
(44,100) (217,699)
- (5,078) (266,877)
(17,950)
(84,369) (11,391)
11,888 (260,634) (344,506)
954,965
- (2)
- - (2)
2
5,243 8,012
(8,230) 51,032 56,057
(16,565)
- (60,000)
- - (60,000)
-
127,358 - - - 127,358 (260,731)
- - - - - (38,583)
758 - - (286) 472 4,684
103,050 1,002573 3,658 531,741 1,641,022 1,280,580
171,720 791,796 31,444 767,875 1,762,835 3,074,951
- - - (549,763) (549,763) (978,869)
786,000
(549,763) (549,763) (192,869)
(continued)
95
a
KODIAK ISLAND BOROUGH EXHIBIT E-3, continued
ENTERPRISE FUNDS
COMBINING STATEMENT OF CASH FLOWS
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
Municipal Kodiak
Solid Waste Fisheries
Collection and Hospital 911 Research Totals
Disposal Facilities Services Center 2000 1999
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:
Acquisition and construction
(183,879) 430,478
of capital assets
$ (704,219) $ (133,810) $
Interest paid on notes payable,
capital lease and interfund borrowings
- (223,438)
Principal paid on long -term
interfund borrowings
- -
Proceeds from issuance of note payable
513,249 -
Principal payments on notes payable
- (556,625)
Principal payments made
on capital lease
- (308,401)
Contributions in aid of
- - 100
44,214 81,065 19,977
231,868 223,603 (1,988.878)
construction 265,662 - - - 265,662
Net cash provided by (used in)
capital and related
financing activities 74,692 (1,222,274)
CASH FLOWS FROM INVESTING ACTIVITIES:
Changes in restricted assets:
Deductions from (additions to)
restricted cash - 218,013
Deductions from restricted investments - -
Interest and dividends on
$ (60,080) $ (898,109) $ (309,804)
(223,438) (313,231) '
- (195,000) (195,000)
- 513,249
- - (556,625)
418,869
(525,666)
- - (308,401) (367,726) 4
- (255,080) (1,402,662) (1,097,558)
1
218,013 (9,810)
- 139,520
investments 18,840 18,011
Net (decrease) increase in investments (202,719) 194,454 -
Net cash (used in) provided by
investing activities
(183,879) 430,478
- 276,082 522,681
(1,839,191)
Net change in cash and
cash equivalents
62,533 -
31,444 239,114 333,091
(54,667)
CASH AND CASH EQUIVALENTS,
at beginning of year
100 -
- - 100
54,767
CASH AND CASH EQUIVALENTS,
at end of year
$ 62,633 $ -
$ 31,444 $ 239,114 $ 333,191
$ 100
NONCASH CAPITAL AND RELATED
FINANCING ACTIVITIES:
Contributions in aid of construction
received $ 695,708 $ - $ - $
NONCASH NONCAPTTAL
FINANCING ACTIVITIES:
r
Pi
1
E
- $ 695,708 $ 30,529,979 1
Residual equity transfers (296.755) - - - (296.755) 234,276
$ 398.953 $ - $ - $ - $ 398.953 $ 30.764.255
96
1
1
KODIAK ISLAND BOROUGH
MUNICIPAL SOLID WASTE COLLECTION AND DISPOSAL FUND
BALANCE SHEETS
JUNE 30, 2000 A 1999
EXHIBIT E4
ASSET
CURRENT ASSETS:
Equity in central treasury
Temporary investments
Customer receivables
Accounts receivable - State of Alaska
Due from other funds
Accrued interest receivable
Total current assets
FIXED ASSETS:
Unclassified utility plant in service
Machinery and equipment
Construction work -in- process
Less accumulated depreciation
Net fixed assets
TOTAL
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES:
Accounts payable
Retainage payable
Due to other funds
Accrued expenses
Total current liabilities
NONCURRENT LIABILITIES:
Accrual for landfill closure and postclosure costs
Note payable
Total noncurrent liabilities
FUND EQUITY:
Contributions in aid of construction:
State of Alaska
Other
Accumulated amortization
Net contributions in aid of construction
Accumulated deficits, unreserved
Total fund equity
TOTAL
2000 1999
$ 62,633
$ 100
653,889
451,170
287,309
243,209
31,094
-
147,935
61,019
5,886
-
1,188,746
755,498
2,205,383
2,205,383
1,031,461
840,492
1,941,032
653,323
(1,154,640)
(1,056,480)
4,023,236
2,642,718
$ 5,211,982 $ 3,398,216
$ 168.685 $ 163,442
78,750 -
299,303 -
45,993 19.584
592,731 183,026
2,066,758
1,939,400
932,118
418,869
2,998,876
2,358,269
3,591,607
2,541,295
3,413,636
3,136,796
438,859
19,990
3,852,495
3,156,786
(925,275)
(872,866)
2,927,220
2,283,920
(1,306,845)
(1,426,999)
1,620,375
856,921
$ 5,211,982 $ 3,398.216
97
KODIAK ISLAND BOROUGH
EXHIBIT E -5
MUNICIPAL SOLID WASTE COLLECTION AND DISPOSAL FUND
STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN ACCUMULATED DEFICITS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
98
2000
Variance-
favorable
1999
Budget
Actual
(unfavorable)
Actual
OPERATING REVENUES:
Solid waste collection
$ 1,579,000
$ 1,697,403
$ 118,403
$ 1,638,078
Solid waste disposal
843,500
975,557
132,057
855,554
Other
6,000
11,895
5,895
7,740
2,428.500
2,684,855
256,355
2,501,372
OPERATING EXPENSES:
Personnel services
330,840
327,962
2,878
379,496
Solid waste collection
1,106,260
1,176,729
(70,469)
1,131,856
Refuse disposal
-
298,831
(298,831)
139,565
Contracted services
315,000
300,217
14,783
307,634
Repairs and maintenance
46,500
29,005
17,495
42,891
Landfill closure and postclosure costs
235,000
128,623
106,377
(260,731)
Depreciation
117,090
98,160
18,930
104,201
General and administration
226,050
182,957
43,093
181,953
Contributions
-
8,801
(8,801)
23,524
Recycling services
70,000
64,900
5,100
64,110
2,446.740
2,616,185
(169,445)
2,114,499
Operating (loss) income
(18.240)
68,670
(86,910)
386.873
OTHER INCOME (EXPENSE):
Interest income
-
24,726
24,726
1,296
Interest expense
-
(25,651)
25,651
-
(Loss) income before operating transfer
$ (18,240)
67,745
$ (36,533)
388,169
TRANSFER TO OTHER FUNDS:
Operating transfer out to other funds:
Capital projects - state capital grants
-
(418,869)
Net income (loss)
67,745
(30,700)
Amortization of contributions in
aid of construction
52,409
54,340
Increase in retained earnings
120,154
23,640
Accumulated deficits, at beginning of year
(1,426,999)
(1,450,639)
Accumulated deficits, at end of year
$ (1,306,845)
$ (1,426.999)
98
fJ
KODIAK ISLAND BOROUGH
MUNICIPAL SOLID WASTE COLLECTION AND DISPOSAL FUND
STATEMENTS OF CASH FLOWS
YEARS ENDED JUNE 30, 2000 AND 1999
EXHIBIT E -6
2000
1999
OPERATING INCOME
$
68,670
$
386,873
ADJUSTMENTS TO RECONCILE OPERATING INCOME
TO NET CASH PROVIDED BY OPERATING ACTIVITIES:
Depreciation
98,160
104,201
'
Changes in assets and liabilities, net of effects from the
transfer of assets and liabilities from other funds:
Customer receivables
(44,100)
(17,950)
Due from other funds
(86,916)
228,981
Due to other funds
2,547
Accounts payable
5,243
3,047
Accrual for landfill closure and postclosure costs
127,358
(260,731)
Other accrued liabilities
758
(871)
Total adjustments
103,050
56,677
Net cash provided by operating activities
171,720
443,550
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
Operating transfer out to other fund
-
(418,869)
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:
Acquisition and construction of capital assets
(704,219)
(3,862)
Contributions in aid of construction
265,662
Proceeds from issuance of note payable
513,249
418,869
Net cash provided by capital
and related financing activities
74,692
415,007
CASH FLOWS FROM INVESTING ACTIVITIES:
Net decrease in investments
(202,719)
(451,170)
Interest and dividends on investments
18,840
1,296
Net cash used in investing activities
(183,879)
(449,874)
Net change in cash and cash equivalents
62,533
(10,186)
CASH AND CASH EQUIVALENTS, at beginning of year
100
10,286
CASH AND CASH EQUIVALENTS, at end of year
$
62.633
$
100
NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES:
Contributions in aid of construction received
$
695,708
$
653,323
NONCASH NONCAPITAL FINANCING ACTIVITIES:
Residual equity transfers
(296,755)
-
$
398.953
$
653,323
99
KODIAK ISLAND BOROUGH
EXHIBIT E -7
HOSPITAL FACILITIES FUND
BALANCE SHEETS
JUNE 30, 2000 AND 1999
ASSETS
2000
1999
CURRENT ASSETS:
Temporary investments
$
451,134
$ 645,588
Customer receivables
217,699
-
Due from other funds
-
18,790
Accrued interest receivable
3,922
-
Inventories
277,007
277,005
Total current assets
949,762
941,383
RESTRICTED ASSETS:
Cash with fiscal agent
-
218,013
FIXED ASSETS:
Buildings
26,199,619
22,289,005
Machinery and equipment
5,353,242
5,410,563
Land and improvements
409,068
409,069
Construction work -in- process
-
3,910,612
Less accumulated depreciation
(6,559,029)
(6,085,449)
Net fixed assets
25,402,900
25,933,800
TOTAL
$
26,352,662
$ 27,093,196
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES:
Accounts payable
$
8,012
$ -
Due to other funds
147,995
178,176
Deferred revenues
-
60,000
Current portion of note payable
592,013
556,625
Current portion of capital lease obligation
261,984
376,984
Total current liabilities
1,010,004
1,171,785
Note payable
1,299,349
1,891,361
Capital lease obligation
1,074,993
640,783
Total noncurrent liabilities
2,374,342
2,532,144
3,384,346
3,703,929
FUND EQUITY:
Contributions in aid of construction:
Other
17,956,116
17,956,116
Accumulated amortization
(598,538)
-
17,357,578
17,956,116
Contributed capital
5,166,717
5,166,717
Retained earnings, unreserved
444,021
266,434
Total fund equity
22,968,316
23,389,267
TOTAL
$
26,352.662
$ 27,093,196
100
1
' BUDGET
KODIAK ISLAND BOROUGH
HOSPITAL FACILITIES FUND
STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN RETAINED EARNINGS
AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
EXHIBIT E -8
2000
Variance
favorable
1999
Budget
Actual
(unfavorable)
Actual
OPERATING REVENUES:
State sources - revenue sharing
$ 60,590 $
44,883
$ (15,707)
$ 67,327
Lease proceeds
720,000
720,000
-
720,000
Donations
136,900
125,000
(11,900)
91,900
PKIMC gain
-
217,662
217,662
420,613
917,490
1,107,545
190,055
1,299,840
OPERATING EXPENSES:
Personnel services
-
63
(63)
-
Contracted services
-
9,269
(9,269)
-
Depreciation
586,925
1,274,984
(688,059)
545,084
General and administration
147,875
6,512
141,363
13,810
Medicaid refund
-
27,494
(27,494)
2,200
734,800
1,318,322
(583.522)
561,094
Operating income (loss)
182,690
(210,777)
(393,467)
738,746
OTHER INCOME (EXPENSES):
Interest income
15,660
21,933
6,273
18,948
Interest expense
(200,350)
(223,438)
(23,088)
(313,231)
Loss on disposal of fixed assets
(8,669)
(8,669)
(483)
Net (loss) income
$ (2,000)
(420,951)
$ (418,951)
443,980
Amortization of contributions
in aid of construction
598,538
-
Increase in retained earnings
177,587
-
Retained earnings (accumulated
deficit), at beginning of year
266,434
(177,546)
Retained earnings, at end of year
$
444,021
$ 266,434
101
KODIAK ISLAND BOROUGH
EXHIBIT E -9
HOSPITAL FACILITIES FUND
STATEMENTS OF CASH FLOWS
YEARS ENDED JUNE 30, 2000 AND 1999
2000
1999
OPERATING (LOSS) INCOME
$
(210,777)
$ 738,746
ADJUSTMENTS TO RECONCILE OPERATING (LOSS) INCOME
TO NET CASH PROVIDED BY OPERATING ACTIVITIES:
Depreciation
1,274,984
545,084
Loss on disposal of fixed assets
8,669
-
Changes in assets and liabilities:
Customer receivables
(217,699)
-
Due from other funds
18,790
481,210
Inventories
(2)
2
Accounts payable
8,012
(98,005)
Due to other funds
(30,181)
178,176
Deferred revenues
(60,000)
-
Total adjustments
1,002,573
1,106,467
Net cash provided by operating activities
791,796
1,845,213
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:
Acquisition and construction of capital assets
(133,810)
(265,343)
Interest paid on note payable and capital lease
(223,438)
(313,231)
Principal payments on note payable
(556,625)
(525,666)
Principal payments made on capital lease
(308,401)
(367,726)
Net cash used in capital
and related financing activities
(1,222,274)
(1,471,966)
CASH FLOWS FROM INVESTING ACTIVITIES:
Interest and dividends on investments
18,011
18,948
Net (decrease) increase in investments
194,454
(555,717)
Deductions from (additions to) restricted cash
218,013
(9,810)
Deductions from restricted investments
-
139,520
Net cash provided by (used in) investing activities
430,478
(407,059)
Net change in cash and cash equivalents
-
(33,812)
CASH AND CASH EQUIVALENTS, at beginning of year
-
33,812
CASH AND CASH EQUIVALENTS, at end of year
$
-
$ -
NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES:
Contributions in aid of construction received
$
-
$ 17,956,116
NONCASH NONCAPITAL FINANCING ACTIVITIES:
Residual equity transfers
-
18,790
$
-
$ 17,974,906
102
KODIAK ISLAND BOROUGH
911 SERVICES FUND
BALANCE SHEETS
JUNE 30, 2000 AND 1999
EXHIBIT E -10
ASSETS
ASSETS:
Equity in central treasury
Due from other funds
TOTAL
2000 1999
$ 31,444 $ -
- 11,888
$ 31,444 $ 11,888
LIABILITIES AND FUND EQUITY
LIABILITIES:
Accounts payable
FUND EQUITY:
Retained earnings, unreserved
8,230
31,444 3,658
TOTAL
$ 31,444 $ 11,888
103
KODIAK ISLAND BOROUGH EXHIBIT E -11
911 SERVICES FUND
STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN RETAINED EARNINGS
BUDGET AND ACTUAL
YEAR ENDE JUNE 30, 2000 (with comparative totals for 1999)
OPERATING REVENUES:
Customer charges
OPERATING EXPENSES:
Telephone services
Operating income
Retained earnings (accumulated deficit),
at beginning of year
Retained earnings, at end of year
Variance -
favorable 1999
Budget Actual (unfavorable) Actual
$ 80,000 $ 63,695 $ (16.305) $ 75,951
80,000 35,909 44,091 31,379
$ - 27,786 $ 27,786 44,572
3,658
$ 31,444
Lur
(40,914)
$ 3,658
Em
KODIAK ISLAND BOROUGH
911 SERVICES FUND
STATEMENTS OF CASH FLOWS
YEARS ENDED JUNE 30, 2000 AND 1999
EXHIBIT E -12
OPERATING INCOME
ADJUSTMENTS TO RECONCILE OPERATING
INCOME TO NET CASH PROVIDED BY
(USED IN) OPERATING ACTIVITIES:
Changes in assets and liabilities:
Due from other funds
Due to City of Kodiak
Accounts payable
Due to other funds
Total adjustments
Net cash provided by (used in) operating activities
Net change in cash and cash equivalents
CASH AND CASH EQUIVALENTS, at beginning of year
CASH AND CASH EQUIVALENTS, at end of year
2000 1999
$ 27,786 $ 44,572
11,888
(11,888)
-
(38,583)
(8,230)
8,230
-
(13,000)
3,658
(55,241)
31,444
(10,669)
31,444
(10,669)
-
10,669
$ 31,444 $ -
105
KODIAK ISLAND BOROUGH
KODIAK FISHERIES RESEARCH CENTER FUND
BALANCE SHEETS
JUNE 30, 2000 AND 1999
EXHIBIT E -13 I
FIXED ASSETS:
Buildings
2000
1999
ASSETS
1,158,822
1,156,385
CURRENT ASSETS:
1,021,998
1,021,998
Equity in central treasury
$ 239,114
$ -
Temporary investments
750,123
981,991
Customer receivables
5,078
-
Due from other funds
400,000
51,546
Accrued interest receivable
2,220
1,109
Total current assets
1,396,535
1,034,646
FIXED ASSETS:
Buildings
17,840,400
17,782,756
Machinery and equipment
1,158,822
1,156,385
Land and improvements
1,021,998
1,021,998
Less accumulated depreciation
(750,694)
(3,987)
Net fixed assets
19,270,526
19,957,152
TOTAL
$ 20,667,061
$ 20,991,798
LIABILITIES AND FUND EQUITY
11,920,540
11,920,540
CURRENT LIABILITIES:
(397,351)
-
Accounts payable
$ 121,195
$ 70,163
Accrued expenses
5,269
5,555
Due to other funds
472,993
370,173
Total current liabilities
599,457
445,891
NONCURRENT LIABILITIES:
Long -term interfund borrowings
7,595,000
7,805,000
Total liabilities
8,194,457
8,250,891
FUND EQUITY:
Contributions in aid of construction:
State of Alaska
3,000,000
3,000,000
Other
8,920,540
8,920,540
11,920,540
11,920,540
Accumulated amortization
(397,351)
-
11,523,189
11,920,540
Contributed capital
215,486
215,486
Retained earnings, unreserved
733,929
604,881
Total fund equity
12,472,604
12,740,907
TOTAL
$ 20.667.061
$ 20,991,798
ID
KODIAK ISLAND BOROUGH
EXHIBIT E -14
KODIAK FISHERIES RESEARCH CENTER FUND
STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN RETAINED EARNINGS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 2000 (with comparative totals for 1999)
Amortization of contributions in
aid of construction 397,352 -
Increase in retained earnings 129,048 851,022
Retained earnings (accumulated deficit),
at beginning of year 604.881 (246,141)
Retained earnings, at end of year $ 733,929 $ 604,881
107
2000
Variance-
favorable
1999
Budget
Actual
(unfavorable)
Actual
OPERATING REVENUES:
Rents and royalties
$ 1,484,630
$ 1,494.342
$ 9,712
$ 995,891
OPERATING EXPENSES:
Personnel services
102,920
103,742
(822)
81,829
Employee benefits
32,800
34,085
(1,285)
23,931
Miscellaneous
74,800
51,137
23,663
83,633
Depreciation
750,700
746,707
3,993
3,987
Cleaning and janitorial
41,000
40,127
873
21,586
Heating
95,000
67,446
27,554
31,454
Electrical
204,700
162,630
42,070
118,145
Plumbing
200,030
40,478
159,552
6,330
Air conditioning
11,000
7,899
3,101
-
Elevators
1,000
598
402
-
Support goods and services
3,150
3,359
(209)
816
1,517.100
1,258.208
258,892
371,711
Operating income
(32,470)
236,134
268,604
624,180
OTHER INCOME:
Interest income
68,000
45,325
(22,675)
842
Income before
operating transfers
35,530
281,459
245,929
625,022
TRANSFER (TO) FROM OTHER FUNDS:
Operating transfers in from other funds
-
-
-
786,000
Operating transfers out to other funds
(553,180)
(549,763)
3,417
(560,000)
Net transfers (to) from other funds
(553,180)
(549.763)
3,417
226,000
Net (loss) income
$ (517,650)
(268,304)
$ 249,346
851,022
Amortization of contributions in
aid of construction 397,352 -
Increase in retained earnings 129,048 851,022
Retained earnings (accumulated deficit),
at beginning of year 604.881 (246,141)
Retained earnings, at end of year $ 733,929 $ 604,881
107
KODIAK ISLAND BOROUGH
KODIAK FISHERIES RESEARCH CENTER FUND
STATEMENTS OF CASH FLOWS
YEARS ENDED JUNE 30, 2000 AND 1999
EXHIBIT E -15 I
NONCASH CA PITAL AND R ELAT ED F INANCING ACTIVITIES:
Contributions in aid of construction received $ - $ 11,920,540
NONCASH NONCAPITAL FINANCING ACTIVITIES:
Residual equity transfers - 215,486
$ - $ 12,136,026
108
2000
1999
OPERATING INCOME
$ 236,134
$ 624,180
ADJUSTMENTS TO RECONCILE OPERATING INCOME
TO NET CASH PROVIDED BY OPERATING ACTIVITIES:
Depreciation
746,707
3,987
Net assets received from residual equity transfer
-
1,486
Changes in assets and liabilities:
Customer receivables
(5,078)
-
Due from other funds
(348,454)
(51,546)
Accounts payable
51,032
70,163
Other accrued expenses
(286)
5,555
Due to other funds
87,820
143,032
Total adjustments
531,741
172,677
Net cash provided by operating activities
767,875
796,857
CASH FLOWS FROM NONCAPITAL AND RELATED
FINANCING ACTIVITIES:
Operating transfers in from other funds
-
786,000
Operating transfers out to other funds
(549,763)
(560,000)
Net cash (used in) provided by noncapital
financing activities
(549,763)
226,000
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES:
Acquisition and construction of capital assets
(60,080)
(40,599)
Principle paid on long -term interfund borrowings
(195,000)
Net cash used in capital and related
financing activities
(255,080)
(40,599)
CASH FLOWS FROM INVESTING ACTIVI'T'IES:
Net increase (decrease) in investments
231,868
(981,991)
Interest and dividends on investments
44,214
(267)
Net cash provided by (used in) investing activities
276,082
(982,258)
Net change in cash and cash equivalents
239,114
-
CASH AND CASH EQUIVALENTS, at beginning of year
-
-
CASH AND CASH EQUIVALENTS, at end of year
$ 239,114
$ -
NONCASH CA PITAL AND R ELAT ED F INANCING ACTIVITIES:
Contributions in aid of construction received $ - $ 11,920,540
NONCASH NONCAPITAL FINANCING ACTIVITIES:
Residual equity transfers - 215,486
$ - $ 12,136,026
108
INTERNAL SERVICE FUNDS
Internal Service Funds are used to account for the funding
of goods or services provided between departments of the govern-
mental unit or to other governments or non - profit agencies on a
cost - reimbursement basis.
INTERNAL SERVICE FUND
The Management Information Services Fund accounts for the data processing services provided to the
Kodiak Island Borough and the Kodiak Island Borough School District.
KODIAK ISLAND BOROUGH
MANAGEMENT INFORMATION SYSTEMS FUND
BALANCE SHEETS
JUNE 30, 2000 AND 1999
EXHIBIT F -1
2000 1999
ASSETS
CURRENT ASSETS:
Account receivables, net
$ - $ 471
Due from other funds
- 113,435
Prepaid expenses
- 8,424
Total current assets
- 122,330
FIXED ASSETS:
Machinery and equipment
- 618,876
Less accumulated depreciation
- (303,274)
Net fixed assets
- 315,602
TOTAL
$ - $ 437,932
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES:
Accounts payable
$ - $ 8,260
Accrued liabilities
- 39,888
Total current liabilities
- 48,148
FUND EQUITY:
Contribution in aid of construction - 617,382
Accumulated deficit - (227.598)
Total fund equity - 389,784
TOTAL $ - $ 437.932
�M�
KODIAK ISLAND BOROUGH EXHIBIT F -2
MANAGEMENT INFORMATION SYSTEM FUND
STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN ACCUMULATED DEFICIT
BUDGET AND ACTUAL
Y ENDED JUNE 30, 2000 (with comparative totals for 1999)
2000
Variance-
favorable 1999
Budget Actual (unfavorable) Actual
OPERATING REVENUES:
Charges for services:
General Fund $ - $ - $ - $ 302,920
General Fund (School District support) - - - 264,520
Mental Health Center - - - -
Day Care Assistance Fund - - - 5,170
Municipal Solid Waste Collection
and Disposal Fund - - - 7,990
Land Sale Fund - - - 10,590
Kodiak Island Hospital and Care Center - - 16,667
Sale of copies - - - 24,524
- 632,381
OPERATING EXPENSES:
Personnel services
Employee benefits
Contracted services
Support goods and services
Depreciation
General and administration
Net loss
ACCUMULATED DEFICITS, at beginning of year
Net effect of residual equity transfer
ACCUMULATED DEFICIT, at end of year
311,901
90,613
5,700
156,508
106,464
14,016
- - 685,202
$ - - $ - (52,821)
(227,598) (174,777)
227,598 -
$ - $ (227,598)
110
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
KODIAK ISLAND BOROUGH
MANAGEMENT INFORMATION SYSTEMS FUND
STATEMENTS OF CASH FLOWS
YEARS ENDED JUNE 30, 2000 AND 1999
2000 1999
$ - $ (52,821)
OPERATING LOSS
ADJUSTMENTS TO RECONCILE OPERATING LOSS
TO NET CASH USED IN OPERATING ACTIVITIES:
Depreciation
Loss on disposal of machinery and equipment
Changes in assets and liabilities:
Accounts receivables, net
Due from other funds
Prepaid expenses
Accounts payable
Accrued liabilities
Total adjustments
Net cash used in operating activities
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:
Acquisition and construction of capital assets
Net change in cash and cash equivalents
CASH AND CASH EQUIVALENTS, at beginning of year
CASH AND CASH EQUIVALENTS, at end of year
NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES
Residual equity transfer
III
EXHIBIT F -3
106,464
24,036
(471)
(113,435)
8,424
(1,705)
1,076
24,389
(28,432)
(58,810)
(87,242)
$ 227,598 $
87,242
1
1
L
r
1
C
1
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 FIXED ASSETS ACCOUNT GROUP
' SCHEDULES OF FIXED ASSETS BY SOURCE
JUNE 30, 2000 and 1999
�J
GENERAL FIXED ASSETS:
Land
Buildings
Improvements other than buildings
Machinery and equipment
Construction work -in- progress
$ 5,434,991
88,811,586
3,731,098
1,790,739
1,683,416
1999
$ 5,397,391
88,432,326
890,721
1,509,219
4,836,779
' TOTAL
INVESTMENT IN GENERAL FIXED ASSETS:
Capital Projects Funds:
General obligation bonds
' Federal grants
State grants
General Fund revenues
Special Revenue Fund revenues
Contributions from State of Alaska
' Contributions from Federal Government
Contributions from others
TOTAL
$ 101,451,830 $ 101,066,436
$ 57,755,638
4,316,206
19,327,397
9,830,144
1,125,780
3,786,861
1,259,300
4,050,504
$ 57,755,638
4,316,206
19,327,397
9,452,314
1,116,824
3,786,861
1,259,300
4,051,896
$ 101,451,830 $ 101,066,436
113
KODIAK ISLAND BOROUGH
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
AS OF JUNE 30, 2000
EXHIBIT G -2 I
Improvements Machinery
other than and
Total Land Buildings buildings equipment
Staff agencies:
Borough mayor
Borough clerk
Finance department
Management information systems
Assessing department
Community development department
Borough engineering and
facilities department
Resource management
General and administration
Mental health center
Child care assistance program
Coastal management
Total staff agencies
Public safety:
Emergency preparedness
Womens Bay Service Area
Fire Protection Area No. 1
Kodiak Transit Authority
Woodland Acres Service Area
Total public safety
Schools
Teacher housing
General government buildings
Building sites
Playgrounds
Other
Undeveloped land
Construction work -in- progress
Total general fixed assets
$ 20,420 $ - $ - $ - $ 20,420
40,637 - - - 40,637
120,487 - - - 120,487
351,617 - - - 351,617
65,020 - - - 65,020
101,804 - - - 101,804
83,048
- - - 83,048
19,166
- - 4,012 15,154
111,869
- - - 111,869
532,623
- 379,260 - 153,363
2,265
- - - 2,265
3,685
- - - 3,685
1,452,641
- 379,260 4,012 1,069,369
227,598
-
100,000
-
127,598
651,422
-
425,655
-
225,767
1,152,915
241,137
614,520
-
297,258
26,460
-
26,460
-
- ,
3,014
-
-
3,014
-
2,061,409
241,137
1,166,635
3,014
650,623
84,078,538
-
81,240,673
2,837,865
-
238,792
-
231,560
7,232
-
4,867,291
-
4,793,458
33,086
40,747
404,403
404,403
-
-
-
713,989
-
-
713,989
-
1,161,900
-
1,000,000
131,900
'
30,000
91,464,913
404,403
87,265,691
3,724,072
70,747
4,789,451
4,789,451
-
-
99,768,414
5,434,991
88,811,586
3,731,098
1,790,739
1,683,416
-
1,217,669
465,747 '
$101,451,830 $5,434,991 $ 90,029,255 $ 3,731,098 $ 2,256,486
�s
114 1
K O DIAK ISLAND BOROUGH
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
' BY FUNC 'iON AND ACTIVITY
FOR THE YEAR ENDED JUNE 30, 2000
EXHIBIT G -3
General fixed
General fixed
assets at
assets at
July 1, 1999
Additions
Deletions
June 30, 2000
Staff agencies:
'
Borough mayor
$ 23,189
$ -
$ 2,769
$ 20,420
Borough clerk
44,183
-
3,546
40,637
Finance department
121,612
-
1,125
120,487
'
Management information systems
356,124
4,507
351,617
Assessing department
62,665
2,355
-
65,020
Community development department
102,344
-
540
101,804
Borough engineering and
facilities department
81,251
1,797
-
83,048
' Land sales
19,166
-
-
19,166
General and administration
116,937
-
5,068
111,869
Mental Health Center
158,674
379,260
5,311
532,623
Child Care Assistance Program
2,265
-
-
2,265
Coastal management
3,685
-
-
3,685
Total staff agencies
735,971
739,536
22,866
1,452,641
Public safety:
Emergency preparedness
227,598
-
227,598
'
Fire Protection Area No. 1
1,142,196
10,719
1,152,915
Womens Bay Service Area
644,936
6,486
-
651,422
Woodland Acres Service Area
3,014
-
-
3,014
'
Kodiak Transit Authority
99,555
73,095
26,460
Total public safety
2,117,299
17,205
73,095
2,061.409
Schools
81,245,393
2,833,145
-
84,078,538
Teacher housing
231,560
7,232
-
238,792
General government buildings
4,867,291
4,867,291
Building sites
404,403
-
-
404,403
Playgrounds
713,989
-
-
713,989
Other
1,161.900
1,161,900
88.624,536
2,840,377
-
91,464,913
Undeveloped land
4,751,851
38,992
1,392
4,789,451
96,229,657
3,636,110
97,353
99,768,414
Construction work -in- progress
4,836,779
36,906
3,190,269
1,683,416
Total general fixed assets
$101.066.436
$ 3,673.016
$ 3,287,622
$101,451,830
115
1
1
1
1
1
1
J
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.
' KODIAK ISLAND BOROUGH EXHIBIT H -1
GENERAL LONG -TERM DEBT ACCOUNT GROUP
' SCHEDULES OF LONG -TERM DEBT
YEARS ENDED JUNE 30, 2000 AND 1999
AMOUNT AVAILABLE AND TO BE PROVIDED FOR
THE PAYMENT OF GENERAL LONG -TERM DEBT:
Amount available in Debt Service Fund:
General obligation bonds
Accrued annual leave
1999
Amount to be provided:
General obligation bonds
Judgements
Environmental Protection Agency loan
Alaska Dept. of Environmental Conservation loans
' TOTAL
GENERAL OBLIGATION BONDS:
1989 refunding
1993 bonds
' 1994 bonds
1998 refunding
OTHER LONG -TERM DEBT:
Judgement payable
Environmental protection agency loan
Alaska Dept. of Environmental Conservation loans
' Accrued annual leave
I TOTAL
$ 272,651 $ 340,159
132,006 122,141
404,657 462,300
16,752,349 18,569,841
1,350,000 -
93,749 114,583
105,272 104,947
18,301,370 18,789,371
$ 18,706,027 $ 19,251,671
$ 1,155,000 $ 2,235,000
5,295,000 6,055,000
1,030,000 1,030,000
9,545,000 9,590,000
17,025,000 18,910,000
1,350,000 -
93,749 114,583
105,272 104,947
132,006 122,141
1,681,027 341,671
$ 18,706,027 $ 19,251,671
1 117
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.
KODIAK ISLAND BOROUGH EXHIBIT I -1
KODIAK, ALASKA
SUMMARY OF BONDED DEBT SERVICE REQUIREMENTS TO MATURITY
AS OF JUNE 30, 2000
Annual principal and interest requirements on General Obligation Refunding and Construction Bonds
Year
Principal
Interest
Total
2001
$ 1,995,000
$ 745,493
$ 2,740,493
2002
875,000
670,013
1,545,013
2003
910,000
632,251
1,542,251
2004
955,000
592,535
1,547,535
2005
995,000
549,385
1,544,385
2006
1,040,000
502,535
1,542,535
2007
1,090,000
424,306
1,514,306
2008
1,150,000
394,095
1,544,095
2009
1,200,000
344,646
1,544,646
2010
1,250,000
293,046
1,543,046
2011
1,305,000
239,296
1,544,296
2012
1,360,000
183,180
1,543,180
2013
1,420,000
124,700
1,544,700
2014
1,480,000
65,635
1,545,635
$17,025.000
$ 5,761,116
$ 22,786,116
119
KODIAK ISLAND BOROUGH EXHIBIT I -2
KODIAK, ALASKA
GENERAL OBLIGATION SCHOOL REFUNDING BONDS, SERIES 1989
RETIREMENT SCHEDULE
1989 Bond Issue
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 1,161 have been retired. Bonds number 1,162 through 2,000 bear interest at the
rate indicated below.
Bonds are retired serially in numerical 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, Alaska.
Bonds were issued to refund the 1980 issue.
Bonds are payable at First Trust N.A., St. Paul, Minnesota.
Bond
Principal
Interest Interest
Fiscal Interest numbers
due
due due
year rate inclusive
August 1
August 1 February 1 Total
2001 7.00 1770 -2000
$ 1,155,000
$ 40.425 $ - $ 1,195,425
120
KODIAK ISLAND BOROUGH EXHIBIT 1 -3
KODIAK, ALASKA
GENERAL OBLIGATION BONDS, 1993 SERIES A
RETIREMENT SCHEDULE
1993 Bond Issue
This issue, dated November 15, 1993, 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 1993 Bonds.
This issue was marketed by John Nuveen & Co. Legal opinion was rendered by bond
council, Wohlforth, Argetsinger, Johnson & Brecht of Anchorage, Alaska.
These bonds were issued to build the Northstar Elementary School, remodel the Ouzinkie
School, and remodel and expand the Kodiak Island Hospital.
121
Interest
Principal
Interest
Fiscal
Interest
due
due
due
year
rate
August 15
February 15
February 15
Total
2001
4.2%
$ 120,264
$ 790,000
$ 120,264
$ 1,030,528
2002
4.35%
103,674
825,000
103,674
1,032,348
2003
4.4%
85,730
860,000
85,730
1,031,460
2004
4.55%
66,810
900,000
66,810
1,033,620
2005
4.75%
46,335
940,000
46,335
1,032,670
2006
4.9%
24,010
980,000
24,010
1,028,020
$ 446,823
$ 5,295.000
$ 446.823
$ 6,188,646
121
KODIAK ISLAND BOROUGH EXHIBIT I4
KODIAK, ALASKA
GENERAL OBLIGATION BONDS, 1994 SERIES A
RETIREMENT SCHEDULE
1994 Bond Issue
This issue, dated November 15, 1993, 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 1994 Bonds.
This issue was marketed by John Nuveen & Co. Legal opinion was rendered by bond
council, Wohlforth, Argetsinger, Johnson & Brecht of Anchorage, Alaska.
These bonds were issued to build the Northstar Elementary School, remodel the Ouzinkie
School, and remodel and expand the Kodiak Island Hospital.
122
Interest
Principal
Interest
Fiscal Interest
due
due
due
year rate
August 15
February 15
February 15
Total
2001
$ 27,810
$ -
$ 27,810
$ 55,620
2002
27,810
-
27,810
55,620
2003
27,810
-
27,810
55,620
2004
27,810
-
27,810
55,620
2005
27,810
-
27,810
55,620
2006
27,810
-
27,810
55,620
2007 5.4%
-
1,030,000
27,810
1,057,810
$ 166,860
$ 1,030,000
$ 194,670
$ 1,391,530
122
KODIAK ISLAND BOROUGH
EXHIBIT I -5
KODIAK, ALASKA
GENERAL OBLIGATION REFUNDING BONDS, 1998 SERIES A
RETIREMENT SCHEDULE
1998 Bond Issue
This issue, dated December 7, 1998, was issued 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 1998 Bonds. The financial advisor for
this issue was Kaplan Financial Consulting, Inc. Legal opinion was rendered by bond
council, Birch, Horton, Bittner, and Cherot. The paying agent for this issue was Alaska
USA Trust Company. These bonds were issued to refund all but $1,030,000 of the 1994
bond issue. This resulted in a total interest savings of $504,859.
123
Interest
Principal
Interest
Fiscal
Interest
due
due
due
year
rate
August 15
February 15
February 15
Total
2001
3.75%
$ 204,460
$ 50,000
$ 204,460
$ 458,920
2002
3.75%
203,523
50,000
203,523
457,046
2003
3.75%
202,585
50,000
202,585
455,170
2004
4.00%
201,648
55,000
201,648
458,296
2005
4.00%
200,548
55,000
200,548
456,096
2006
4.00%
199,448
60,000
199,448
458,896
2007
4.00%
198,248
60,000
198,248
456,496
2008
4.30%
197,048
1,150,000
197,048
1,544,096
2009
4.30%
172,323
1,200,000
172,323
1,544,646
2010
4.30%
146,523
1,250,000
146,523
1,543,046
2011
4.30%
119,648
1,305,000
119,648
1,544,296
2012
4.30%
91,590
1,360,000
91,590
1,543,180
2013
4.30%
62,350
1,420,000
62,350
1,544,700
2014
4.30%
32.820
1,480,000
32,818
1,545,638
$ 2,232,762
$ 9,545,000
$ 2,232,760
$14,010,522
123
KODIAK ISLAND BOROUGH EXHIBIT I-6
KODIAK, ALASKA
ASBESTOS REMOVAL LOAN PAYABLE
RETIREMENT SCHEDULE
This debt was incurred June 20, 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, Wolforth,
Argetsinger, Johnson & Brecht of Anchorage, Alaska.
Principal
Principal
Fiscal Interest
due
due Interest
year rate* December 31
June 30 due*
Total
2001 7.00% $
10,416 $
10,416 $ - $
20,832
2002 7.00%
10,417
10,417 -
20,834
2003 7.00%
10,416
10,416 -
20,832
2004 7.00%
10,417
10,417 -
20,834
2005 7.00%
10,417
- -
10,417
$
52,083 $
41,666 $ - $
93,749
* No interest is payable until a payment
due is in default; then interest,
penalties and fees become due
124
1
s
1
I
STATISTICAL SECTION
Statistical Tables provide report users with a better historical
perspective in assessing current financial status and trends of
the Borough.
KODIAK ISLAND BOROUGH TABLE 1
KODIAK, ALASKA
GENERAL GOVERNMENTAL EXPENDITURES
AND OTHER USES BY FUNCTION ,
LAST TEN FISCAL YEARS
Fiscal
General
Health and
year
government
sanitation (b)
1991
$ 2,791,798
$ 621,000
1992
2,739,848
706,251
1993
2,955,824
674,032
1994
2,555,349
690,430
1995
2,681,472
1,442,644
1996
2,941,453
1,390,307
1997
2,664,204
1,393,016
1998
2,848,474
1,506,992
1999
2,733,502
1,179,420
2000
2,540,354
730,888
(a) Includes
general fund only
(b) Includes operating transfers for this function
Source:
Borough general ledger
Education (b)
$ 2,143,633
3,027,510
3,374,721
3,615,695
3,861,967
4,678,830
5,083,942
6,466,321
7,044,970
6,500,341
Other
operating
transfers
Total
125
$ 460,325
500,000
137,962
322,228
164,649
267,594
250,000
571,296
55,905
$ 6,016,756
6,973,609
7,142,539
7,183,702
8,150,732
9,278,184
9,391,162
11,393,083
10,957,892
9,827,488
KODIAK ISLAND BOROUGH
TABLE 2
KODIAK, ALASKA
GENERAL REVENUES BY SOURCE
LAST TEN FISCAL YEARS
Operating
and
Licenses,
Inter-
residual
Fiscal
permits
governmental
Investment
equity
year Taxes
and fees
revenue
income
transfers
Total
1991 $ 2,823,929
$ 100,868
$ 2,255,951
$ 456,381
$ 173,230
$ 5,810,359
1992 4,067,934
212,936
2,450,339
367,551
81,670
7,180,430
1993 4,481,158
433,825
1,991,730
289,570
-
7,196,283
1994 4,674,382
457,895
2,053,750
291,046
-
7,477,073
1995 5,976,914
928,079
1,633,162
659,794
-
9,197,949
1996 5,693,539
285,100
2,396,704
452,196
-
8,827,539
1997 5,582,037
108,483
2,396,272
371,414
9,672
8,467,878
1998 7,589,595
86,138
2,739,075
333,243
-
10,748,051
1999 7,694,387
86,523
2,055,803
238,515
32,632
10,107,860
2000 7,799,458
92,609
1,770,040
358,352
129,830
10,150,289
(a) Includes general fund only
Source: Borough general ledger
126
KODIAK ISLAND BOROUGH
' KODIAK ALASKA
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
TABLE 3
127
Percent of
Percent of
Percent of
current
Delinquent
total tax
Outstanding
delinquent
'
Fiscal
Total
Current tax
levy
tax
Total tax
collections
delinquent
taxes to
year
tax levy
collections
collected
collections
collections
to tax levy
taxes
tax levy
' 1991
$2,237,629
$2,189,270
97.8%
$ 17,254
$2,206,524
98.6%
$ 59,745
2.7%
' 1992
3,736,674
3,654,535
97.8%
22,178
3,676,713
98.4%
88,284
2.4%
1993
4,045,235
3,907,612
96.6%
60,633
3,968,245
98.1%
169,584
4.2%
' 1994
4,353,371
4,176,676
95.9%
21,295
4,197,971
96.4%
193,624
4.4%
1995
5,141,728
4,955,108
96.4%
56,140
5,011,248
97.5%
232,679
4.5%
1 1996
5,466,066
5,249,168
96.0%
56,531
5,305,699
97.1%
289,210
5.3%
' 1997
5,576,773
5,478,939
98.2%
96,490
5,575,429
100.0%
192,722
3.5%
1998
7,384,490
7,121,678
96.4%
77,576
7,199,254
97.5%
381,180
5.2%
1999
7,704,172
7,575,491
98.3%
314,367
7,889,858
102.4%
234,738
3.0%
' 2000
7,743,649
7,507,018
96.9%
175,066
7,682,084
99.2%
316,482
4.1%
Source: Borough general ledger
127
KODIAK ISLAND BOROUGH TABLE 4 '
KODIAK, ALASKA
ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
Source: Borough assessment and tax records
Last Ten Years Assessed Values
J
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
128
Ratio of
total
assessed to '
REAL PROPERTY
PERSONAL
PROPERTY
TOTAL
total
Fiscal
Assessed
Estimated
Assessed
Estimated
Assessed
Estimated
estimated actual
year
value
actual value
value
actual value
value
actual value
value '
1991
$ 406,433,607
$ 435,940,500
$73,508,740
$267,181,594
$ 479,942,347
$ 703,122,094
68.26
1992
439,710,369
457,383,400
76,594,500
280,085,100
516,304,869
737,468,500
70.01 '
1993
467,821,217
497,758,275
91,537,867
331,544,400
559,359,084
829,302,675
67.45
1994
499,172,455
517,754,900
92,264,018
325,842,100
591,436,473
843,597,000
70.11 '
1995
515,954,650
539,053,753
98,616,145
319,052,138
614,570,795
858,105,891
71.62
1996
538,627,500
560,459,900
101,835,076
318,741,600
640,462,576
879,201,500
72.85
1997
549,456,964
565,281,400
104,677,687
312,465,100
654,134,651
877,746,500
74.52
1998
573,742,998
587,145,000
107,599,894
310,049,900
681,342,892
897,194,900
75.94
1999
577,551,709
599,696,900
109,304,683
297,058,600
686,856,392
896,755,500
76.59
2000
594,870,287
614,419,200
120,828,748
336,548,600
715,699,035
950,967,800
75.26 ,
Source: Borough assessment and tax records
Last Ten Years Assessed Values
J
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
128
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
PROPERTY TAX RATES AND
CONTRIBUTIONS TO THE SCHOOL DISTRICT
(PER $100 OF ASSESSED VALUE)
LAST TEN FISCAL YEARS
Assessed
Amount of
Millage
TABLES
Value
PROPERTY TAX RATES
Equivalent
1991
$ 479,942,347
$ 2,838,397
Woodland
1992
516,304,869
3,620,202
7.01
1993
559,359,084
Acres
6.91
1994
591,436,473
3,990,847
6.75
1995
KIB City Street
ROAD SERVICES AREAS
FIRE AREAS
Fiscal General of Lighting
Monashka
Service
Bay View
Womens
Service
Womens
Year Fund Kodiak Area
Bay
District 1
Road
Bay
Area No. 1
Bay
1991 4.50 2.00 0.75
2.00
1.00
1.00
2.50
1.25
1.25
1992 5.50 2.00 0.75
2.00
1.75
1.00
2.50
1.25
1.25
1993 5.50 2.00 0.75
2.00
1.75
1.00
2.50
1.25
1.25
1994 5.50 2.00 0.75
2.00
1.75
1.00
2.50
1.50
1.25
1995 6.75 2.00 0.75
1.50
1.75
1.00
2.00
1.50
1.25
1996 6.75 2.00 0.50
1.75
1.75
1.00
2.00
1.50
1.25
1997 6.75 2.00 0.50
1.50
1.75
1.00
2.00
1.50
1.25
1998 9.25 2.00 0.50
1.50
0.75
1.00
2.00
1.50
1.25
1999 9.25 2.00 0.00
1.50
0.50
1.00
2.00
1.50
1.25
2000 9.25 2.00 0.00
1.50
0.50
1.00
2.00
1.50
1.25
CONTRIBUTIONS TO THE SCHOOL DISTRICT
Fiscal
Assessed
Amount of
Millage
Year
Value
Contribution
Equivalent
1991
$ 479,942,347
$ 2,838,397
5.91
1992
516,304,869
3,620,202
7.01
1993
559,359,084
3,864,691
6.91
1994
591,436,473
3,990,847
6.75
1995
614,570,795
3,770,399
6.14
1996
640,462,576
4,574,068
7.14
1997
654,134,651
4,839,887
7.40
1998
681,342,892
5,715,361
8.39
1999
686,856,392
6,492,876
9.45
2000
715,699,035
6,678,652
9.33
Source: Borough ordinance and assessment
129
I
KODIAK ISLAND BOROUGH
TABLE 6
KODIAK, ALASKA
TEN LARGEST PROPERTY TAXPAYERS
YEAR ENDED JUNE 30.2000
Source: Borough tax records
130
Percentage
Percentage
of total
1999
Net
of total
assessed
Assessed
taxes
taxes
value
valuation
levied
levied
International Seafoods
2.3%
$ 16,796,047
$ 173,885
2.3%
Western Alaska Fisheries
1.9%
13,548,984
130,265
1.7%
Trident Seafood Corp
1.6%
11,747,515
118,299
1.5%
T.U. of the Northland
1.6%
11,728,531
118,232
1.5%
Alaska Pacific Seafoods
1.6%
11,121,991
111,230
1.4%
King Crab /Ocean Beauty
1.4%
10,270,641
106,212
1.4%
CSX Lines LLC
1.3%
9,059,159
98,307
1.3%
Safeway /MBPA
1.3%
9,034,762
97,914
1.3%
Kodiak Fishmeal Co.
1.2%
8,898,859
87,433
1.1%
Walmart
0.8%
5,486,700
61,725
0.8%
Totals
15.0%
$ 107,693,189
$ 1,103,502
14.3%
Source: Borough tax records
130
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
' RATIO OF NET GENERAL BONDED DEBT 3)
LAST TEN FISCAL YEARS
TABLE 7
Net
bonded
debt
per
capita
$ 410
363
298
1,560
1,515
1,393
1,502
1,381
1,341
1,199
Ratio
of net
'
Less Debt
bonded deb
Fiscal
Assessed
Gross
Service
Net bonded
to assessed
year
Population
value
bonded debt
Fund
debt
value
1991
15,679
$ 479,942,347
$ 13,735,000
$ 7,307,730
$ 6,427,270
1.3
' 1992
15,535
516,304,869
12,195,000
6,556,480
5,638,520
1.1
' 1993
15,535
559,359,084
10,470,000
5,847,171
4,622,829
0.8
1994
15,245
591,436,473
27,915,000
4,133,559
23,781,441
4.0
' 1995
15,575
614,570,795
25,665,000
2,075,768
23,589,232
3.8
' 1996
15,400 M
640,462,576
23,205,000
1,759,644
21,445,356
3.3
1997
14,058 (b'
654,134,651
21,660,000
549,569
21,110,431
3.2
1998
14,181 (b)
681,342,892
20,020,000
432,942
19,587,058
2.9
' 1999
13,848 (b)
686,856,392
18,910,000
340,159
18,569,841
2.7
2000
13,989 M
715,699,035
17,025,000
255,333
16,769,667
2.3
Sources:
(a) Information obtained from assessment records and Borough general ledger except as otherwise noted
(b) Information obtained from State of Alaska, Department of Community and Regional Affairs, Certified
Population for Revenue Sharing Program
'
131
Net
bonded
debt
per
capita
$ 410
363
298
1,560
1,515
1,393
1,502
1,381
1,341
1,199
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
JUNE 30, 2000
TABLE 8
Percentage
Kodiak Island
Net debt
applicable to this
Borough
outstanding
governmental
share of
(a)
unit (b)
debt (c)
Kodiak Island Borough:
General obligation bonds
$ 16,769,667
100%
$ 16,769,667
City of Kodiak:
Revenue bonds
3,955,000
100%
3,955,000
Total
$ 20,724,667
$ 20,724,667
(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
Sources: Borough general ledger and City of Kodiak records
132
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
COMPUTATION OF LEGAL DEBT MARGIN
JUNE 30, 2000
TABLE 9
Assessed value
Plus exempt property
Total
$ 715,699,035
2,475,199,399
$ 3,190,898,434
The State of Alaska does not mandate a debt limit to its municipalities and political
subdivisions. Debt capacity is ultimately determined by the voters and the marketplace.
Source: Borough assessment records
133
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
Source: Borough general ledger and debt documents
134
TABLE 10
t
Total
Ratio of
general
debt service
Fiscal
Interest
Total debt
expenditures
to general
year
Principal (a)
and fees
service
and transfers
expenditures
1991
$ 1,595,834
$ 1,019,401
$ 2,615,235
$ 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
1994
1,775,833
690,170
2,466,003
7,162,545
34.4
1995
2,270,833
1,760,185
4,031,018
8,150,732
49.5
1996
2,480,833
1,386,681
3,867,514
9,278,184
41.7
1997
1,565,833
1,239,996
2,805,829
9,391,162
29.9
1998
1,660,833
1,141,366
2,802,199
11,393,083
24.6
1999
1,915,833
853,652
2,769,485
10,957,892
25.3
2000
1,905,834
858,163
2,763,997
9,827,488
28.1
(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
134
TABLE 10
t
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
TABLE 11
135
Percent of
Fiscal
School
Unemployment
year Population (a)
enrollment (b)
rate (c) %
1991 15,679
2,408
8.2%
1992 15,535
2,525
5.1%
1993 15,535
2,597
6.0%
1994 15,245
2,748
9.4%
1995 15,575
2,711
11.2%
1996 15,400
2,872
13.7%
1997 14,058
2,862
7.7%
1998 14,181
2,851
8.2%
1999 13,848
2,798
6.8%
2000 13,989
2,810
7.2%
Sources:
(a) 1990 per U.S. Bureau of Census; other years per Borough Community Development Department, except 1992
and 1993. 1996, 1997, and 1998 data per State of Alaska, DCRA certified population
(b) Kodiak Island Borough School District
(c) Department of Labor, Anchorage
135
KODIAK ISLAND BOROUGH TABLE 12
KODIAK, ALASKA
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS
*Estimated actual value of real property
Source: Borough assessing records, City of Kodiak building department and local bankers
136
CONSTRUCTION
Commercial
Residential
Deposits
Fiscal
No, of
No. of
in local
PROPERTY VALUE*
year
permits
Value
permits
Value
banks
Commercial
Residential
Nontaxable
1991
69
$ 3,692,371
152
$ 5,706,524
$ 90,392,243
$ 130,469,150
$ 323,060,260
$ 2,002,661,025
1992
48
3,748,125
163
9,201,613
103,679,201
134,637,371
333,203,846
2,027,200,278
1993
55
3,359,264
143
6,218,434
94,838,546
148,714,050
350,458,405
2,271,468,957
1994
45
2,947,984
146
5,037,061
98,970,444
148,156,300
367,798,350
2,354,550,201
1995
59
6,055,321
159
4,305,352
103,838,289
155,755,000
382,872,500
2,404,513,974
1996
41
3,862,599
160
7,864,907
108,116,331
157,911,064
391,545,900
2,404,872,414
1997
36
1,559,938
112
6,262,439
108,926,259
161,787,264
411,955,734
2,420,596,952
1998
39
16,676,612
149
8,103,624
107,973,700
160,921,064
416,630,645
2,420,601,099
1999
51
6,784,879
141
8,222,313
123,206,000
172,709,507
422,160,780
2,475,199,399
2000
54
2,720,259
156
9,086,074
120,465,733
193,882,996
433,023,355
2,475,199,399
*Estimated actual value of real property
Source: Borough assessing records, City of Kodiak building department and local bankers
136
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
MISCELLANEOUS STATISTICAL DATA
LAST TEN FISCAL YEARS
Date of incorporation - September 30, 1963, Second Class Borough by Chapter 146
Sessions, Laws of Alaska 1961, as amended, Form of Government - Mayor /Assembly
1991
1992
1993
1994
Land area - square miles
7,130
7,130
7,130
7,130
Miles of improved street
21.5
21.5
21.5
21.6
Miles of sanitary sewers
16.0
16.0
16.7
16.8
Number of water taps
748
873
877
913
Number of sanitary sewer taps
727
851
858
891
Building permits:
Permits issued
221
211
108
191
Value of buildings (thousands)
9,399
12,950
9,578
4,740
Fire protection:
Number of fire stations
2
2
2
2
Number of employees
1
1
1
1
Police protection - none
Recreation:
Parks - number of acres
223
223
223
223
Facilities:
Number of playgrounds
15
15
15
15
Number of swimming pools
1
1
1
1
Education:
Number of schools:
City of Kodiak Elementary
3
3
3
3
City of Kodiak Junior High
1
1
I
1
City of Kodiak High School
1
1
1
1
Village Schools (a)
9
9
9
9
Number of personnel: (b)
Administration
7.0
6.0
5.0
5.0
Principals
9.5
9.5
9.5
9.5
Teachers
165.5
166.3
172.4
180.0
Technical
6.5
6.5
6.5
6.5
Clerical and Aides
70.1
64.1
75.3
81.3
MaintenancefWarehouse
18.8
19.2
19.1
19.1
Custodial
23.4
21.2
21.2
21.7
Food Service
8.8
8.4
8.3
8.3
Total number of personnel
309.6
301.2
317.3
331.4
Number of students
2,486
2,602
2,632
2,802
Number of municipal employees
75
72
67
64
Elections:
Number of registered voters
6,707
6,263
6,654
7,061
Number voting in last election
1,959
1,986
2,328
2,634
Percent of registered voters
29.0%
31.8%
35.0%
37.0%
(a) The majority of Village Schools are grades K -12
(b) Based on full time equivalents.
(c) As of July 1, 1996 the City of Kodiak assumed ownership, maintenance,
and operation of the existing
water and sewer utilities in Service District
Source: Borough records
138
TABLE 13
1995
1996
1997
1998
1999
2000
7,130
7,130
7,130
7,130
7,130
7,130
21.6
21.6
24.7
24.7
25.0
25.0
16.8
16.8
- (c)
- (c)
- (c)
- (c)
921
921
- (c)
- (c)
- (c)
- (c)
899
899
- (c)
- (c)
- (c)
- (c)
218
201
148
188
192
210
10,360
11,728
7,822
24,780
15,007
11,806
2
2
2
2
2
2
1
1
1
1
1
1
223
224
224
224
224
224
15
16
16
16
16
16
1
1
1
1
1
1
3
4
4
4
4
4
1
1
1
1
1
1
1
1
1
1
1
1
9
9
9
9
9
9
5.0
6.0
6.0
5.2
5.2
5.2
11.0
12.0
11.7
11.4
11.4
11.4
185.3
183.8
188.5
179.6
178.1
178.1
6.5
3.0
3.5
9.0
9.0
9.0
73.3
61.7
63.7
72.7
75.2
75.2
19.7
12.0
9.0
10.0
8.0
8.0
21.6
22.5
26.3
27.6
30.6
30.6
8.5
3.7
4.2
6.3
6.7
6.7
330.9
304.7
312.9
321.8
324.2
324.2
2,773
2,793
2,809
2,897
2,815
2,798
65
63
63
50
46
36
7,382
8,217
9,350
9,967
10,389
9,935
2,113
1,471
2,120
2,076
1,972
2,525
29.0%
17.9%
22.70%
20.8%
19.0%
25.4%
139