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CAFR FY1977KODIAK ISLAND BOROUGH Table of Contents Accountants' Report Exhibit Combined Balance Sheets, Various Funds A Borough - General Fund: Balance Sheet B Statement of Changes in Fund Balance C Statement of Estimated and Actual Revenues D Statement of Expenditures - Budget and Actual E Federal Revenue Sharing Fund: Balance Sheet F Statement of Budgeted and Actual Revenues, Expenditures, Encumbrances and Changes in Fund Balance G Anti- recession Fund: Statement of Revenue, Expenditure and Changes in Fund Balance H Land Sales Fund: Balance Sheet I Statement of Budgeted and Actual Revenues, Expenditures, Encumbrances and Changes in Fund Balance (Deficit) J Fire and Road District Funds: Balance Sheets K Statements of Budgeted and Actual Revenues and Expenditures and Changes in Fund Balance L Debt Service Fund: Balance Sheet M Statement of Revenues, Expenditures and Changes in Fund Balances N Capital Projects Funds: Balance Sheet 0 Statements of Revenues, Expenditures, Encumbrances and Changes in Fund Balances (Deficit) P Kodiak Aleutian Mental Health Center: Balance Sheet Statement of Changes in Fund Balance Statement of Revenues and Expenditures School District - General Fund: 4 R S Balance Sheet T Statement of Changes in Fund Balance U Statement of Estimated and Actual Revenues V Statement of Expenditures and Encumbrances - Budget and Actual W (Continued) KODIAK ISLAND BOROUGH Table of Contents Exhibit School District - Special Revenue Funds: Combined Balance Sheet g Combined Statements of Budgeted and Actual Revenues, Expenditures, Encumbrances and Changes in Fund Balances y School District - Cafeteria Fund: Balance Sheet Z Statement of Budgeted and Actual Revenues and Expenditures AA Statement of Changes in Fund Balance BB School District - Tobacco Tax Fund: Balance Sheet CC Statement of Revenues, Expenditures and Changes in Fund Balance CC School District - Student Activity Funds: Balance Sheets DD Statement of Revenues, Expenditures, Encumbrances and Changes in Fund Balances (Deficits) EE General Long -term Debt: Statement of General Long -term Debt FF Schedule of Bonds Payable GG Notes to Financial Statements PEAT, MARWICK, MITCHELL & CO. CERTIFIED PUBLIC ACCOUNTANTS THE FINANCIAL PLAZA 601 WEST 5TH AVENUE, SUITE 700 ANCHORAGE, ALASKA 99501 Members of the Borough Assembly Kodiak Island Borough: We have examined the financial statements of the various funds and the general long -term debt group of accounts of the Kodiak Island Borough for the year ended June 30, 1977, listed in the foregoing table of contents. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. The Borough has not maintained a record of its general fixed assets and accord- ingly a statement of general fixed assets, required by generally accepted accounting principles, is not included in the financial report. In our opinion, the accompanying financial statements listed in the aforementioned table of contents present fairly the financial position of such funds and the general long -term debt group of accounts of the Kodiak Island Borough at June 30, 1977, and the results of operations of such funds for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. September 2, 1977 KODIAK ISLAND BOROUGH Combined Balance Sheets, Various Funds June 30, 1977 Federal Revenue General Sharing Assets Fund Fund Cash: - - Restricted $ 100,381 88,376 Unrestricted 721,940 - Cash with fiscal agent - - Deposits held 5,000 - Property taxes receivable, net 59,346 - Due from State of Alaska 45,656 - Due from hospital 66,537 - Due from other funds 297,951 - Accrued interest receivable 2,226 780 Notes receivable from land sales - - Federal Revenue Sharing entitlement receivable - 19,640 Other receivables, net 4,549 - Prepaid expenses 22,224 - Furniture and equipment, at cost Inventories Amount available for retirement of term bonds Amount to be provided for retirement of bonds Liabilities, Encumbrances and Fund Balances $ 1.325.810 108,796 Accounts payable 14,916 - Contracts payable - - Matured bond interest coupons - - Payroll taxes accrued and withheld 8,043 - Accrued annual leave 7,815 - Deposits held 5,000 - Due to City of Kodiak 5,334 - Due to other funds 427,521 97,391 Bonds payable - - Due to State of Alaska - - Federal government - - Accrued payroll - - Advances received toward programs - - Public employees' retirement payable - - Encumbrances outstanding - 2,614 Fund balances: Appropriated 305,218 - Unappropriated 551,963 8,791 Total fund balances (deficit) 857,181 8,791 $ 1,325.810 108,796 See accompanying notes to financial statements. Exhibit A 185,190 565 165,000 75,901 26,291 - 39,844 - - 26,365 - 571,897 (839 - - 75,587 - - 44,402 845 - 757,087 (274 165,000 75,901 101,878 - 39,844 44,402 845 26,365 - 848,427 9,197 228,857 575,927 116,243 758,739 226,142 44,402 845 26,712 4,295,000 Fire School School School and Road Capital District District District Student General Land District Debt Project Mental General Special Cafeteria Tobacco Activities Long -term Sales Fund Funds Service Fund Fund Health Center Fund Revenue Funds Fund Tax Fund Funds Debt 755,001 - 165,000 746 78,982 - - 16,540 145 24,073 - - - - - - 137,264 - - - _ _ - - 27,005 - - - - - - - - - 438,373 138,004 1,865 - 9,197 30,252 575,181 - 65,745 - 150 700 2,639 - - - 6,600 - 550 - - _ _ _ _ 93,426 - - - - - - - - 10,420 55,505 87,914 71 - - - - - 7,659 224 - - - - 26,291 - - - - - - - - 54,193 - 25,776 - - _ - - - - - - - - 165,000 - - - - - - - - - 4,130,000 848,427 4� 9,197 228,857 575,927 116,243 758,739 226,142 44,402 845 26,712 4,295,000 I - - - 5,620 616 37,235 5,310 - - 270 _ - - - 184,425 - - _ _ _ _ _ - - 27,005 - - _ _ - - - - 6,070 82,417 7,270 - - - - 18,257 - 90,367 9,471 36,852 30,252 201 258,365 31,395 - - _ _ - - - - - - - 4,295,000 - - - - 1,865 - - _ _ _ _ - - - - 5,613 - 73,730 - - - - - - 1,142 - - - - - - - - - 261,445 18,998 - - - - - 7,283 - 973 - - 279,729 - 93,737 48,453 - - 77 _ 185,190 565 165,000 75,901 26,291 - 39,844 - - 26,365 - 571,897 (839 - - 75,587 - - 44,402 845 - 757,087 (274 165,000 75,901 101,878 - 39,844 44,402 845 26,365 - 848,427 9,197 228,857 575,927 116,243 758,739 226,142 44,402 845 26,712 4,295,000 KODIAK ISLAND BOROUGH General Fund Balance Sheet June 30, 1977 Assets Cash: Unrestricted, including $406,115 of time certificates of deposit $ 721,940 Restricted, including $36,000 of time certificates of deposit 100,381 Total cash 822,321 Deposits held, time certificates of deposit 5,000 Property taxes receivable: Real $ 63,837 Personal 33,509 97,346 Less allowance for uncollectable taxes 38.000 Net property taxes receivable 59,346 Due from State of Alaska 45,656 Due from hospital 66,537 Due from KANA 4,549 Due from other funds: Kodiak - Aleutian Mental Health Center Fund 201 Land Sales Fund 13,217 Debt Service Fund 6,852 Bells Flats Road District Fund 9,471 Federal Revenue Sharing Fund 13,184 School District General Fund 255.026 Total due from other funds 297,951 Accrued interest receivable 2,226 Prepaid expenses 22,224 $ 1.325.810 See accompanying notes to financial statements. Exhibit B Liabilities and Fund Balance Accounts payable $ 14,916 Payroll taxes accrued and withheld 8,043 Accrued annual leave 7,815 Deposits held 5,000 Due to City of Kodiak 5,334 Due to other funds: Fire District Fund Number 1 $ 7,387 Capital Projects Fund 418,324 Karluk Fire District Fund 1,810 Total due to other funds 427,521 Total liabilities 468,629 Fund balance: Appropriated: 1977 -78 operating expenditures 104,837 Hospital operation 100,381 Working capital 100,000 305,218 Unappropriated 551,963 Total fund balance 857,181 0 Contingent liabilities (notes 3 and 6) $ 1,325,810 Exhibit C Fund balance, July 1, 1976 Add revenues Deduct expend- itures Transfer to appro- priated fund balance Fund balance, June 30, 1977 KODIAK ISLAND BOROUGH General Fund Statement of Changes in Fund Balance Year ended June 30, 1977 Appropriated 1977 -78 operating Hospital Working Total Unappropriated expenditures operations capital $ 506,532 340,296 80,000 51,236 35,000 1,919,446 1,919,446 - - - 2,425,978 2,259,742 80,000 51,236 35,000 1,568,797 1,568,797 - - - 857,181 690,945 80,000 51,236 35,000 (138,982 $ 857.181 551,963 24,837 49,145 65,000 104,837 100,381 100,000 See accompanying notes to financial statements. Exhibit D KODIAK ISLAND BOROUGH General Fund Statement of Estimated and Actual Revenues Year ended June 30, 1977 See accompanying notes to financial statements. Actual over (under) Estimated Actual estimated Taxes: Real and personal property taxes $ 954,360 1,019,727 65,367 Penalty and interest on taxes 5,000 9,928 4,928 Payments in lieu of taxes - 3,144 3,144 959,360 1,032,799 73,439 Licenses and permits: Building and trailer permits 6,000 7,122 1,122 Subdivision fees 550 762 212 6,550 7,884 1,334 Revenues from use of money and property: Interest 7,000 16,514 9,514 Rent from leased land 15,000 17,232 2,232 Forestry 5,000 3,102 (1,898) Office Building expense reimbursement 48,947 58,184 9,237 Miscellaneous reimbursement of costs 2,000 2,405 405 77,947 97,437 19,490 Revenues from State of Alaska: Outer continental shelf grant 36,000 35,767 (233) Local service roads and trails 175,000 120,064 (54,936) Raw fish tax 65,000 79,834 14,834 Business license refund 24,000 19,463 (4,537) Electric co- operative tax 5,000 12,744 7,744 Cost of living allowance - 12,307 12,307 Shared revenues: Hospital 50,000 86,932 36,932 Land use planning 15,802 15,129 (673) Health facilities 35,000 37,338 2,338 Day care assistance 30,000 43,073 13,073 435,802 462,651 26,849 Contribution of interest from other funds: Capital Projects Fund 5,000 2,369 (2,631) Debt Service Fund 12,000 12,694 694 17,000 15,063 (1,937 Contributions from other funds: Land Sales Fund 34,290 34,290 - Capital Projects Fund - 6,500 6,500 34,290 40,790 6,500 Transfer of the School District General Fund fund balance (note 5) - 262,822 262,822 $ 1,530,949 1,919,446_ 388,497 See accompanying notes to financial statements. Exhibit E KODIAK ISLAND BOROUGH General Fund Statement of Expenditures - Budget and Actual Year ended June 30, 1977 Borough assembly: Assembly travel Assembly compensation Budget Actual $ 6,103 11,047 4,200 3,800 10,303 14,847 Over (under) budget 4,944 (400 4,544 Legal department: Borough attorney Court costs Litigation allowance Capital expenditures: Furniture and fixtures Office machines Karluk Spit General government operations: Employee expense: Salaries: Chairman Manager Clerk- treasurer Secretary Bookkeeper Cashier -clerk typist Extra help Chairman's expense Employment security taxes Social security taxes Insurance and bonding Group insurance Professional development training Dues and publications Publication of hearings Postage Office supplies Telephone and telegraph Repairs and maintenance of machines Equipment rental Transportation and travel Vehicle operation and maintenance Post audit Elections Contractual services Carried forward 12,000 25,748 500 - 2,000 - 14,500 25,748 5,000 6,177 3,000 5,148 - 5,000 8,000 16,325 13,748 (500) (2,000 11,248 1,177 2,148 5,000 8,325 600 450 (150) - 24,183 24,183 22,632 17,917 (4,715) 12,228 12,523 295 12,276 14,019 1,743 12,561 12,430 (131) 1,000 641 (359) 2,000 1,404 (596) 1,160 1,928 768 3,064 4,559 1,495 2,500 2,434 (66) 908 945 37 1,230 1,261 31 4,200 3,415 (785) 1,700 1,931 231 2,700 3,074 374 3,000 6,765 3,765 2,500 4,131 1,631 2,000 1,916 (84) 4,900 5,747 847 1,155 1,118 (37) 1,500 1,350 (150) 23,000 23,774 774 7,000 6,806 (194) 5,000 1,200 (3,800 130,814 155,921 25,107 2 Exhibit E, Cont. KODIAK ISLAND BOROUGH General Fund Statement of Expenditures - Budget and Actual, Continued Over (under) Budget Actual budget Brought forward $ 130,814 155,921 25,107 Working capital 65,000 - (65,000) Termination reserve 3,000 2,845 (155) Board and commission expenses 500 528 28 199,314 159,294 ( 40,020 ) Assessment department: Salaries: Director 20,068 21,812 1,744 Assistant assessor 12,860 8,838 (4,022) Administrative assistant 12,420 13,333 913 Clerk typist 9,972 7,266 (2,706) Professional development and training 1,000 910 (90) Professional services 220 379 159 Contractual services 1,000 287 (713) Advertising 150 366 216 Printed matter and forms 1,700 3,438 1,738 Subscriptions and books 700 234 (466) Office supplies 1,400 912 (488) Repairs and maintenance 200 200 - Transportation and travel 3,500 2,369 (1,131) Rentals - vehicles and aircraft 900 1,350 450 Telephone and telegraph 50 8 (42) Employment security taxes 870 1,150 280 Social security taxes 2,205 2,665 460 Insurance and bonding 1,084 807 (277) Termination reserve 1,200 - (1,200 71,499 66,324 (5,175 Planning and zoning commission: Salaries: Planner 25,200 2,324 (22,876) Zoning administrator 10,000 9,696 (304) Building inspector 15,800 15,800 - Secretary 11,430 7,286 (4,144) Building inspector travel expense 3,000 3,206 206 Engineering services 2,700 2,327 (373) Contractual services 5,000 4,681 (319) Advertising 2,500 714 (1,786) Maps 2,000 3,607 1,607 Operating expenses 2,325 3,094 769 Commission meetings 960 122 (838) Termination reserve 1,500 - (1,500 Carried forward 82,415 52,857 ( 29,558 ) 3 Exhibit E, Cont. KODIAK ISLAND BOROUGH General Fund Statement of Expenditures - Budget and Actual, Continued Over (under) (Continued) Budget Actual budget Brought forward $ 82,415 52,857 (29,558) Employment security taxes 290 912 622 Social security taxes 895 1,965 1,070 Insurance and bonding 250 290 40 83,850 56,024 ( 27,826 ) Health and sanitation: Drug abuse 2,000 2,000 - Health expenses 1,000 - (1,000) Comprehensive health board 1,500 - (1,500) Senior citizens 7,500 7,500 - Support of Detoxification Center 13,000 13,000 - Support of Halfway House 18,000 18,000 - Support of Health Clinic 800 1,107 307 Support of Mental Health Center 4,000 4,000 - Hospital insurance 7,000 - (7,000) Day care assistance 30,000 43,073 13,073 Equipment 2,000 - (2,000 86,800 88,680 1,880 Local service roads and trails 175,000 114,000 ( 61,000 ) Office building expenses: Snow removal 4,000 4,000 - Maintenance 4,233 5,817 1,584 Janitorial 23,822 30,735 6,913 Utilities 27,402 33,673 6,271 Major repairs 10,000 - (10,000) Insurance 6,150 3,310 (2,840) Miscellaneous 3,081 3,562 481 78,688 81,097 2,409 Debt Service Fund Contributions: Sinking Fund payment 15,000 15,000 - Interest 14,650 14,626 (24) Fiscal agent fees 200 161 (39) School District debt service 176,085 189,578 13,493 205,935 219,365 13,430 Capital Projects Fund Contribution - 50,707 50,707 Support of Kodiak Island Borough School District General Fund 611,000 611,000 - (Continued) 4 Exhibit E, Cont. KODIAK ISLAND BOROUGH General Fund Statement of Expenditures - Budget and Actual, Continued Outer continental shelf expenses: Public information input gathering Transportation Printing of reports Program coordinator Clerical services Staff support and meeting facilities Contracted services Contingencies Total expenditures 19,210 12,768 (6,442 $ 1,610,949 1,568,797 ( 42 152 See accompanying notes to financial statements. Over (under) Budget Actual budget $ 8,150 3,316 (4,834) 4,000 2,889 (1,111) 2,000 5,868 3,868 4,100 3,758 (342) - 1,768 1,768 - 2,820 2,820 28,600 32,199 3,599 46,850 52,618 5,768 19,210 12,768 (6,442 $ 1,610,949 1,568,797 ( 42 152 See accompanying notes to financial statements. Exhibit F KODIAK ISLAND BOROUGH Federal Revenue Sharing Fund Balance Sheet June 30, 1977 Assets Time certificates of deposit $ 88,376 Federal Revenue Sharing entitlement receivable 19,640 Accrued interest receivable 780 $ 108,796 Liabilities, Encumbrances and Fund Balance Due to other funds: Capital Projects Fund 84,207 Borough General Fund 13,184 Total liabilities 97,391 Encumbrances outstanding 2,614 Fund balance 8,791 $ 108,796 See accompanying notes to financial statements. Exhibit G KODIAK ISLAND BOROUGH Federal Revenue Sharing Fund Statement of Budgeted and Actual Revenues, Expenditures, Encumbrances and Changes in Fund Balance Year ended June 30, 1977 Revenues: Federal Revenue Sharing entitlement Interest income Total revenues Expenditures and encumbrances: Capital outlay - health (including encumbrances of $2,614) Operations and maintenance - health Total expenditures and encumbrances Excess of revenues over expenditures and encumbrances Fund balance, July 1, 1976 Fund balance, June 30, 1977 Actual over (under) Budget Actual budget $ 34,000 74,964 40,964 - 5,651 5,651 34,000 80,615 46,615 - 26,136 26,136 34,000 45,688 11,688 34,000 71,824 37,824 8,791 8,791 (2,879 - 2,879 $ 2 879 8,791 11,670 See accompanying notes to financial statements. Exhibit H KODIAK ISLAND BOROUGH Anti- recession Fund Statement of Revenue, Expenditure and Changes in Fund Balance Year ended June 30, 1977 Fund balance, July 1, 1976 $ - Revenue - anti - recession entitlement 14,012 14,012 Expenditure - salaries 14,012 Fund balance, June 30, 1977 $ - See accompanying notes to financial statements. Exhibit I KODIAK ISLAND BOROUGH Land Sales Fund Balance Sheet June 30, 1977 Assets Cash, including $162,446 of time certificates of deposits Notes receivable (bearing interest at 6% or 87) resulting from land sales Liabilities, Encumb rances and Fund Balance Due to other funds: School District General Fund $ 4,500 Borough General Fund 13,217 Capital Projects Fund _72.650 Encumbrances outstanding Fund balance: Appropriated for survey and appraisal 53,690 Appropriated for 1977 -78 operating expenditures 131,500 Unappropriated 571,897 Total fund balance $ 755,001 93,426 $ 848,427 90,367 973 757,087 $ 848,427 See accompanying notes to financial statements. Exhibit J KODIAK ISLAND BOROUGH Land Sales Fund Statement of Budgeted and Actual Revenues, Expenditures, Encumbrances and Changes in Fund Balance Year ended June 30, 1977 Revenues: Land sales Interest income Total revenues Expenditures and encumbrances: Island Lake water and sewer expenses (including encumbrances of $973) Land sales expenses Contribution to Borough General Fund Contribution to Capital Projects Fund Total expenditures and encumbrances Excess of revenues over expenditures and encumbrances Fund balance, July 1, 1976 Fund balance, June 30, 1977 Actual over (under) Budget Actual budget $ 56,290 99,721 43,431 - 43,418 43,418 56,290 143,139 86,849 - 9,875 9,875 - 248 248 34,290 34,290 - 22,000 22,000 - 56,290 66,413 10,123 76,726 76,726 721,612 680,361 ( 41,251 ) $ 721.612 757.087 35,475 See accompanying notes to financial statements. Exhibit K KODIAK ISLAND BOROUGH Fire and Road District Funds Balance Sheets June 30, 1977 Assets Total Fire Karluk all District Fire funds Number 1 District $ 9,197 7,387 1.810 Bells Flats Road District Due from Borough General Fund Liabilities and Fund Balances (Deficit) Due to Borough General Fund Fund balances (deficit): Appropriated for 1977 -78 operating expenditures Unappropriated Total fund balances (deficit) Total liabilities and fund balances 9,471 - - 9,471 565 - 565 - (839 7,387 1,245 ( 9,471 ) (274 7,387 1,810 ( 9,471 ) $ 9,197 7,387 1,810 - See accompanying notes to financial statements. Exhibit L KODIAK ISLAND BOROUGH Fire and Road District Funds Statements of Budgeted and Actual Revenues, Expenditures and Changes in Fund Balance (Deficit) Year ended June 30, 1977 See accompanying notes to financial statements. Actual over (under) Budget Actual budgeted Fire District Number 1: Revenues: Real and personal property taxes $ 36,022 37,915 1,893 State revenue sharing 9,728 10,979 1,251 45,750 48,894 3,144 Expenditures - contracted fire services 47,750 47,750 - Excess of revenues over expenditures (2,000) 1,144 3,144 Fund balance, July 1, 1976 150 6,243 6,093 Fund balance, June 30, 1977 $ 1 850 _7,387 9,237 Karluk Fire District: Revenues: State revenue sharing 705 796 91 Other 50 - (50 755 796 41 Expenditures - equipment maintenance inspection and replacement 1,320 - 1,320 Excess of revenues over expenditures (565) 796 1,361 Fund balance, July 1, 1976 151 1,014 863 Fund balance, June 30, 1977 $ 414 1,810 2,224 Bells Flats Road District: Revenues: Real and personal property taxes 25,000 2,521 (22,479) State revenue sharing 10,800 12,925 2,125 35,800 15,446 (20,354) Expenditures - contracted services 35,800 23,070 12,730 Excess of expenditures over revenues - 7,624 7,624 Fund deficit, July 1, 1976 - 1,847 1,847 Fund deficit, June 30, 1977 $ - 9,471 9,471 See accompanying notes to financial statements. Exhibit M KODIAK ISLAND BOROUGH Debt Service Fund Balance Sheet June 30, 1977 Assets Time certificate of deposit Cash with fiscal agent Due from Capital Projects Fund Accrued interest receivable $ 165,000 27,005 30,252 6,600 $ 228,857 Liabilities and Fund Balance Matured bond coupons Due to other funds: School District General Fund Borough General Fund Fund balance Contingent liability (note 3) 27,005 $ 30,000 6,852 36,852 165,000 $ 228,857 See accompanying notes to financial statements. Exhibit N KODIAK ISLAND BOROUGH Debt Service Fund Statement of Revenues, Expenditures and Changes in Fund Balances Year ended June 30, 1977 Fund balances, July 1, 1976 Revenues: Borough General Fund contributions School District General Fund contribution School District Tobacco Tax Fund contributions Interest income Expenditures: Principal Interest Fiscal agent's fees Contribution to Borough General Fund Fund balances, June 30, 1977 Total Schools Hospital $ 150,000 - 150,000 219,365 189,578 29,787 157,424 157,424 - 73,508 73,508 - 12,694 - 12,694 462,991 420,510 42,481 160,000 160,000 - 274,039 259,413 14,626 1,258 1,097 161 12,694 - 12,694 447,991 420,510 27,481 $ 165.000 - 165.000 See accompanying notes to financial statements. Exhibit 0 KODIAK ISLAND BOROUGH Capital Project Funds Balance Sheet June 30, 1977 Assets Cash $ 746 Due from other funds: Borough General Fund $ 418,324 Federal Revenue Sharing Fund 84,207 Land Sales Fund 72.650 575,181 $ 575,927 Liabilities, Encumbrances and Fund Balances Contracts payable 184,425 Accounts payable 5,620 Due to Debt Service Fund 30,252 Total liabilities 220,297 Encumbrances outstanding 279,729 Fund balances 75,901 $ 575.927 See accompanying notes to financial statements. Exhibit P Fund balance, July 1, 1976 Add revenues: HUD discretionary funds Interest income Contributions from other funds: Borough General Fund Land Sales Fund Hill- Burton and state grant funds Deduct expenditures and encumbrances: Transfer of interest income to Borough General Fund Sanitary landfills Economic Development Administration planning Contribution to Borough General Fund Hospital: Fire doors Extended care unit Borough landscaping Encumbrances Total deductions Fund balances (deficit) June 30, 1977 KODIAK ISLAND BOROUGH Capital Project Funds Statement of Revenues, Expenditures, Encumbrances and Changes in Fund Balances (Deficit) Year ended June 30, 1977 2,369 2,369 - - - - Sanitary 255,783 - Landscaping Outer Economic - - - - 5,700 landfills Hospital and Borough Continental Development - Kodiak and water improvements building Shelf Administration Total High School systems ( note 4 remodeling planning planning $ 168,003 162,441 5,562 - - - - 225,900 - 225,900 - - - - 2,369 2,369 - - - - - 50,707 - 24,321 - 26,386 - - 22,000 - - - - 6,500 15,500 1,900,000 - - 1,900,000 - - - 2,368,979 164,810 255,783 1,900,000 26,386 6,500 15,500 2,369 2,369 - - - - - 255,783 - 255,783 - - - - 5,700 - - - - - 5,700 6,500 - - - - 6,500 - 240 - - 240 - - - 1,732,071 - - 1,732,071 - - - 10,686 - - 10,686 - - 279,729 - - 254,729 15,700 - 9,300 2,293,078 2,369 255,783 1,987,040 26,386 6,500 15,000 $ 75,901 162,441 - (87,040) - - 500 See accompanying notes to financial statements. Exhibit Q KODIAK ISLAND BOROUGH Kodiak Aleutian Mental Health Center Balance Sheet June 30, 1977 Assets Cash, including $40,000 of time certificates of deposit $ 78,982 Patients' receivables $ 23,500 Less allowance for doubtful receivables 13,080 Net patients' receivables 10,420 Accrued interest receivable 550 Furniture and equipment, at cost 26,291 $ 116.243 Liabilities and Fund Balance Accounts payable 616 Payroll taxes accrued and withheld 6,070 Due to State of Alaska 1,865 Due to federal government 5,613 Due to Borough General Fund 201 14,365 Fund balance: Investment in fixed assets 26,291 Unappropriated 75,587 Total fund balance 101,878 $ 116.243 See accompanying notes to financial statements. Exhibit R KODIAK ISLAND BOROUGH Kodiak Aleutian Mental Health Center Statement of Changes in Fund Balance Year ended June 30, 1977 Investment Fund balance, July 1, 1976 Add excess of revenues over expenditures Add furniture and equipment purchases Fund balance, June 30, 1977 See accompanying notes to financial statements. in f ixed Total Unappropriated assets $ 76,879 58,579 18,300 17,008 17,008 - 7,991 - 7,991 $ 1 01 878 75.587 26,291 See accompanying notes to financial statements. Exhibit S KODIAK ISLAND BOROUGH Kodiak Aleutian Mental Health Center Statement of Revenues and Expenditures Year ended June 30, 1977 Revenues: From local sources: Kodiak Island Borough $ 4,000 Fees for services 58,951 In -kind donations 11,158 Other 3,997 Total revenues from local sources 78,106 From state for community mental health services 111,675 From federal grant 21,017 Total revenues 210,798 Expenditures: Employee expenses: Salaries $ 108,473 Payroll taxes 8,144 Insurance 1,290 Staff training and travel 3,709 Relocation and interview expense 756 Total employee expenses $ 122,372 Equipment rental 2,317 Printing and advertising 447 Insurance and bonding 1,519 Office rent 8,400 Office supplies 626 Postage 485 Professional and scientific supplies 1,917 Telephone and telegraph 3,669 Hospital 2,744 Center program 11,753 Provision for doubtful receivables 11,397 Repairs and maintenance 94 Contracted services: Accountant 7,600 Psychiatrist 5,712 Furniture and equipment 7,991 Conventions and meetings 4,221 Psychological testing services 461 Other 65 Total expenditures 193,790 Excess of revenues over expenditures S 17.008 See accompanying notes to financial statements. Exhibit T KODIAK ISLAND BOROUGH School District General Fund Balance Sheet June 30, 1977 Assets Cash $ 137,264 Accounts receivable: State of Alaska $ 438,373 Local 55,505 Total accounts receivable 493,878 Due from Kodiak Island Borough: Debt Service Fund 30,000 Land Sales Fund 4,500 Total due from Kodiak Island Borough 34,500 Due from School District Special Revenue Funds 31,245 Inventories: Central stores 39,308 Custodial supplies 14,885 Total inventories 54,193 Prepaid insurance 7,659 $ 758,739 Liabilities and Encumbrances Accounts payable 37,235 Payroll taxes accrued and withheld 82,417 Accrued annual leave 18,257 Accrued teachers' payroll 261,445 Public employees' retirement payable 7,283 Due to Borough General Fund 255,026 Due to other School District Funds: Student Activity Funds 2,639 Tobacco Tax Fund 700 3,339 Encumbrances outstanding: Prior year 4,835 Current year (including $19,923 in central store's inventory) 88,902 Total encumbrances outstanding 93,737 $ 758,739 See accompanying notes to financial statements. Exhibit U KODIAK ISLAND BOROUGH School District General Fund Statement of Changes in Fund Balance Year ended June 30, 1977 Fund balance, July 1, 1976 $ 70,181 Deduct excess of expenditures and encumbrances over revenues: Expenditures and encumbrances 6,000,433 Revenues 5,930,252 70,181 Fund balance, June 30, 1977 $ See accompanying notes to financial statements. Exhibit V KODIAK ISLAND BOROUGH School District General Fund Statement of Estimated and Actual Revenues Year ended June 30, 1977 Actual over (under) Estimated Actual estimated Local sources: Kodiak Island Borough: Annual appropriation $ 611,000 611,000 - Custodial and office maintenance contract 26,400 18,140 (8,260) Prior year deficit (64,676) - 64,676 Rentals: Village teacherages 10,575 12,950 2,375 Dorm apartments - 6,970 6,970 Head start 1,125 564 (561) K -Hi -C (Boat Rental) 14,500 13,800 (700) Admissions to events and school activities reimbursments 5,000 3,454 (1,546) Tuition Community College 3,000 - (3,000) Car sale 2,500 - (2,500) Reserves 61,500 - (61,500) KXMT 14,889 14,889 - Other 2,000 8,474 6,474 Fund raising - junior high 8,305 6,519 (1,786 Total local sources 696,118 696,760 642 State sources: Foundation program: Regular 3,725,040 3,696,996 (28,044) Vocational education 246,510 246,456 (54) Special education 493,020 520,296 27,276 Correspondence 54,780 82,152 27,372 Impact funds (Mini 874) 21,750 13,424 (8,326) Pupil transportation 117,609 128,642 11,033 Tuition 213,728 240,843 27,115 Boarding home assistance 60,000 54,193 (5,807) State aid for retirement of school construction debt 180,700 157,424 (23,276) Contracted base school repairs 12,069 4,630 (7,439 Total state sources 5,125,206 5,145,056 19,850 (Continued) 2 KODIAK ISLAND BOROUGH School District General Fund Exhibit V, Cont. Statement of Estimated and Actual Revenues, Continued Federal sources: Public Law 874 Cancellation of prior year encumbrances Services performed by Kodiak Island Borough (in -kind) Retroactive insurance rate adjustment for life insurance 182,000 59,889 ( 122,111 ) - 17,737 17,737 - 10,810 10,810 5,000 - (5,000 $ 6,008,324 5,930.252 78 072 See accompanying notes to financial statements. KODIAK ISLAND BOROUGH School District General Fund Statement of Expenditures and Encumbrances - Budget and Actual Year ended June 30, 1977 Regular instruction: Certificated salaries Classified salaries Substitute teachers' salaries Employee benefits: Employee insurance FICA contributions Retirement contributions - teachers Retirement contributions - public employees Travel Teaching supplies Instructional media: Textbooks Library books Periodicals Other instructional media Equipment Repairs and maintenance Small tools and equipment Gas and oil Mileage allowance Other Total regular instruction Actual Budget Expenditures Encumbrances Totals $ 2,130,795 2,086,333 - 2,086,333 30,770 22,160 - 22,160 36,582 36,577 - 36,577 55,757 42,540 - 42,540 3,904 3,464 - 3,464 147,969 151,783 - 151,783 3,240 1,398 - 1,398 5,142 1,685 385 2,070 66,712 56,591 8,563 65,154 29,895 25,339 3,394 28,733 9,263 8,391 1,210 9,601 1,593 1,313 125 1,438 5,680 - - - 31,411 10,330 14,290 24,620 345 255 - 255 4,150 2,134 830 2,964 575 487 - 487 - 487 - 487 1,000 - - - 2,564,783 2,451,267 28,797 2,480,064 (Continued) Pa KODIAK ISLAND BOROUGH School District General Fund Statement of Expenditures and Encumbrances - Budget and Actual, Continued Exhibit W. Cont. Actual Actual over (under) Budget Expenditures Encumbrances Totals budget Vocational education: Certificated salaries 195,292 205,892 - 205,892 10,600 Classified salaries 9,208 5,486 - 5,486 (3,722) Watchman 630 630 - 630 - Employee benefits: Employee insurance 4,792 5,719 - 5,719 927 FICA contributions 595 321 - 321 (274) Retirement contributions - teachers 13,776 13,976 - 13,976 200 Retirement contributions - public employees 721 296 - 296 (425) Teaching supplies 15,350 10,223 1,220 11,443 (3,907) Instructional media: Textbooks 1,362 1,671 363 2,034 672 Periodicals 100 44 - 44 (56) Other instructional media 17,350 18,349 - 18,349 999 Equipment 43,946 39,489 2,180 41,669 (2,277) Repairs and maintenance 7,475 3,970 3,802 7,772 297 Buildings 1,000 1 - 1,158 158 Maintenance supplies 3,220 1,991 138 2,129 (1,091) Small tools and equipment 7,220 3,237 370 3,607 (3,613) Boat insurance 6,107 5,452 - 5 (655) Slip rental 160 818 - 818 658 Electricity 70 181 - 181 ill Gas and oil 1,150 812 338 1,150 - Miscellaneous expenses 1,200 - - - (1,200 Total vocational education 330,724 319,715 8,411 328,126 (2,598 (Continued) t 3 Exhibit W, Cont KODIAK ISLAND BOROUGH School District General Fund Statement of Expenditures and Encumbrances - Budget and Actual, Continued Actual Budget Expenditures Encumbrances Totals Correspondence: Management and professional services $ 7,875 8,024 - 8,024 Regular teachers 25,580 25,580 - 25,580 Employee benefits: Employee insurance 596 764 - 764 FICA contributions - 38 - 38 Retirement contributions - teachers 2,372 2,372 - 2,372 Professional and technical services 1,000 652 140 652 Communications 200 60 - 200 Travel 1,800 1,428 - 1,428 Other purchased services 399 399 - 399 Teaching supplies 5,000 5,746 - 5,746 Instructional media 7,700 7,489 - 7,489 Equipment 1,148 1,712 - 1,712 Total correspondence 53,670 54,264 140 54,404 Special instruction: Certificated salaries 274,429 256,493 - 256,493 Classified salaries 59,582 48,173 - 48,173 Employee benefits: Employee insurance 11,821 5,287 - 5,287 FICA contributions 3,837 2,885 - 2,885 Retirement contributions - teachers 18,232 16,851 - 16,851 Retirement contributions - public employees 6,097 2,697 - 2,697 Professional and technical services 1,800 620 - 620 Travel 6,314 4,444 - 4,444 Teaching supplies 7,912 6,456 638 7,094 Instructional media: Textbooks 2,804 1,637 623 2,260 Library books 1,058 240 - 240 Periodicals 352 12 66 78 Other instructional media 500 491 - 491 Equipment 2,500 2,286 176 2,462 Office supplies 200 34 - 34 Small tools and equipment 500 - - - Total special instruction 397,938 348,606 1,503 350,109 (Continued) 4 KODIAK ISLAND BOROUGH School District General Fund Statement of Expenditures and Encumbrances - Budget and Actual, Continued Supporting services - pupils: Certificated salaries Classified salaries Employee benefits: Employee insurance FICA contributions Retirement contributions - teachers Retirement contributions - public employees Travel Follow thru survey Instructional media Postage Teaching supplies Other supplies Health services Boarding Home Program Equipment Total supporting services - pupils porting services - instruction: Managerial and professional salaries Certificated salaries Classified salaries Employee benefits: Employee insurance FICA contributions Retirement contributions - teachers Retirement contributions - public employees Professional and technical services Travel Other purchased services Teaching supplies Office supplies Instructional media Equipment Other supplies Tuition reimbursement Repairs and maintenance Total supporting services - instruction Exhibit W. Cont. Actual Budget Expenditures Encumbrances Totals $ 96,958 96,323 - 96,323 19,111 18,175 - 18,175 3,871 2,348 - 2,348 1,567 1,561 - 1,561 7,758 7,338 - 7,338 2,821 3,110 - 3,110 5,780 4,454 - 4,454 1,500 1,500 - 1,500 300 288 - 288 208 208 - 208 1,100 1,284 - 1,284 1,510 470 - 470 25,070 21,583 - 21,583 60,000 52,873 3,216 56,089 500 505 58 563 228,054 212,020 3,274 215,294 39,375 29,824 - 29,824 38,006 39,907 - 39,907 39,106 36,312 - 36,312 2,677 2,297 - 2,297 1,937 2,141 - 2,141 5,487 5,487 - 5,487 3,486 3,428 - 3,428 16,078 6,526 - 6,526 920 177 - 177 - 43 - 43 6,900 1,336 6,750 8,086 3,447 3,087 540 3,627 30,516 18,758 306 19,064 14,415 14,188 75 14,263 - 113 - 113 6,000 1,903 1,672 3,575 6,500 4,475 3,040 7,515 214,850 170,002 12,383 182,385 (Continued) 5 KODIAK ISLAND BOROUGH School District General Fund Statement of Expenditures and Encumbrances - Budget and Actual, Continued Exhibit W, Cont. Actual Budget Expenditures Encumbrances Totals General support services: Managerial and professional salaries $ 225,550 225,043 - 225,043 Regular head teachers 8,744 8,641 - 8,641 Classified salaries 242,707 241,262 - 241,262 Employee benefits: Employee insurance 17,344 10,795 - 10,795 Workmen's compensation 68,990 42,049 - 42,049 FICA contributions 14,198 14,679 - 14,679 Retirement contributions - teachers 17,972 15,814 - 15,814 Retirement contribution - public employee 71,689 26,439 - 26,439 Professional and technical services 3,550 1,734 - 1,734 Legal fees 12,000 4,163 - 4,163 Insurance (fidelity bond) 1,302 1,119 - 1,119 Postage 9,412 9,229 - 9,229 Tuition - (80) _ (80) Travel 24,508 23,281 974 24,255 Office supplies 10,089 8,572 883 9,455 Equipment - 72 134 206 Other supplies 100 64 - 64 Professional literature 700 624 - 624 Repairs and maintenance 3,990 2,697 - 2,697 Printing and publishing 4,874 4,096 96 4,192 Miscellaneous expense 300 324 5 329 Rentals 13,399 8,950 962 9,912 Pool supplies - 454 - 454 Warehouse inventory - 581 - 581 Small tools and equipment 300 295 - 295 Diplomas 500 348 - 348 Dues and fees 5,135 5,300 - 5,300 Total general support services 757,353 656,545 3,054 659,599 (Continued) 6 Exhibit W, Cont.1 KODIAK ISLAND BOROUGH School District General Fund Statement of Expenditures and Encumbrances - Budget and Actual, Continued Actual Operation and maintenance of plant: Managerial and professional salaries Classified salaries Employee benefits: Employee insurance FICA contributions Retirement contributions - public employees Insurance (property and liability) Rentals Utilities: Fuel for heating Other utilities Contracted repairs and maintenance Maintenance supplies Janitorial supplies Gas and oil Equipment Telephone Travel Office supplies Small tools and equipment Repairs Freight to villages Total operation and maintenance of plant Pupil transportation Nonprogrammed charges: High school students' activities Junior high students' activities Adult and continuing education Contribution to Borough Debt Service Fund Special Revenue Funds Total nonprogrammed charges Community services Dorm apartments Clearing accounts Services performed by Kodiak Island Borough (in -kind) Transfer of fund balance to Borough (note 5) Totals See accompanying notes to financial statements. Budget $ 44,000 354,549 18,184 23,158 40,053 41,554 9,668 163,410 160,693 25,327 70,000 17,000 5,000 32,575 27,485 9,720 100 675 3,000 1,046,151 131,405 65,391 9,805 12,500 180,700 268,396 15,000 $ 6,008,324 Expenditures Encumbrances Totals 43,949 - 43,949 359,377 - 359,377 7,377 - 7,377 22,549 - 22,549 32,715 - 32,715 48,386 - 48,386 11,783 - 11,783 164,551 4,492 169,043 169,556 - 169,556 19,837 - 19,837 73,863 2,706 76,569 19,466 1,096 20,562 2,517 - 2,517 10,882 21 10,903 27,804 - 27,804 14,222 2,408 16,630 16 - 16 58 - 58 2,500 - 2,500 4,455 - 4,455 1,035,863 10 ,723 1,046,586 142,172 - 142,172 Actual over (under budget (51) 4,828 (10,807) (609) (7,338) 6,832 2,115 5,633 8,863 (5,490) 6,569 3,562 (2,483) (21,672) 319 6,910 (84) (617) 2,500 1,455 10,767 58,371 603 58,974 (6,417) 8,949 91 9,040 (765) 12,500 - 12,500 - 157,424 - 157,424 (23,276) 13,520 - 13,520 13,520 250,764 694 251,458 (16,938 15,000 - 15,000 - 2,331 - 2,331 2,331 (727) - (727) (727) 10,810 - 10,810 10,810 262,822 - 262,822 262,822 5,931,454 68,979 6,000,433 7 891 Exhibit X KODIAK ISLAND BOROUGH School District Special Revenue Funds Combined Balance Sheet June 30, 1977 Assets Accounts receivable: State of Alaska. $ 138,004 Federal government 86,656 Other 1,258 225,918 Prepaid insurance 224 $ 226.142 Liabilities and Encumbrances Accounts payable 5,310 Accrued payroll 18,998 Payroll withholdings 7,270 Due to federal government 73,730 Due to other School District funds: School District General Fund 31,245 Cafeteria Fund 150 31,395 Advances received toward programs 1,142 Total liabilities 137,845 Encumbrances outstanding: Prior year 17,881 Current year 30,572 48,453 Fund balance - Continuing Education (CE2) 39,844 $ 226,142 See accompanying notes to financial statements. Exhibit Y I KODIAK ISLAND BOROUGH School District Special Revenue Funds Combined Statements of Budgeted and Actual Revenues, Expenditures, Encumbrances and Changes in Fund Balances Year ended June 30, 1977 Upward Bound: Fund balance, July 1, 1976 Revenues from federal sources through Kodiak Area Native Association Expenditures: Certificated salaries Health insurance Retirement contributions - teachers Printing and duplicating Total expenditures Fund balance, June 30, 1977 Youth Employment Services (YES): Fund balance, July 1, 1976 Revenues from federal sources through State of Alaska Expenditures: Classified salaries FICA taxes Telephone Total expenditures Fund balance, June 30, 1977 Adult Basic Education: Fund balance, July 1, 1976 Revenues Expenditures Fund balance, June 30, 1977 Actual Budget Expenditures Encumbrances Total 4,360 3,803 3,803 187 75 270 285 100 43 4,360 4,206 ,, 4,480 - 4,218 2,721 246 159 16 113 4,480 2,993 - 67,887 (Continued) 4,206 3,803 75 285 43 4,206 L, 773 2,721 159 113 2,993 o /,aa/ 67,887 Actual over (under) budget (154) (112) 15 (57 (154 k1, 40/ (1,497) (87) 97 (1,487 b/, OZ5/ 67,887 2 KODIAK ISLAND BOROUGH School District Special Revenue Funds Combined Statements of Budgeted and Actual Revenues, Expenditures, Encumbrances and Changes in Fund Balances, Continued Actual Budget Expenditures Encumbrances Total O.I.N.S.: Fund balance, July 1, 1976 $ - - - - Revenues from federal sources through State of Alaska 12,000 - - 11,847 Expenditures and encumbrances: Classified salaries 5,200 5,543 - 5,543 FICA taxes 310 324 - 324 Retirement contributions - public employees 740 584 - 584 Intra- district travel 250 59 - 59 Teaching supplies 2,750 2,379 385 2,764 Instructional equipment 2,750 436 2,218 2,654 Total expenditures and encumbrances 12,000 9,325 2,603 11,928 Cancellation of prior year encumbrances - (81 - (81 Fund balance, June 30, 1977 $ ATKA students: Fund balance, July 1, 1976 - - - - Revenues from State of Alaska 18,090 - - 16,361 Expenditures, contracted services 18,090 16,361 - 16,361 Fund balance, June 30, 1977 $ Community problem solving: Fund balance, July 1, 1976 - - - - Revenues from State of Alaska - - - 3,155 Expenditures, contracted services - 3,155 - 3,155 Fund balance, June 30, 1977 $ - (Continued) C KODIAK ISLAND BOROUGH School District Special Revenue Funds Combined Statements of Budgeted and Actual Revenues, Expenditures, Encumbrances and Changes in Fund Balances, Continued Continuing Education Programs (CE2): Fund balance, July 1, 1976 Revenues from federal sources through the State of Alaska: Foundation Expenditures and encumbrances: Management and professional salaries Certificated salaries Classified salaries, regular Classified salaries, temporary Health insurance Workmen's compensation FICA taxes Retirement contributions - teachers Retirement contributions - public employees Instructional services Postage Telephone Property insurance Liability insurance Rentals Tuition Intra- district travel Out -of- district travel Mileage reimbursement Electricity Heating fuel Water and sewer Expenditures and encumbrances, carried forward Exhibit Y, Cont. Actual Actual over (under) Budget Expenditures Encumbrances Total budget 180,153 - - 191,688 11,535 31,000 28,500 - 28,500 (2,500) 71,993 64,015 - 64,015 (7,978) 16,402 21,502 - 21,502 5,100 2,485 1,508 - 1,508 (977) 300 2,568 - 2,568 2,268 1,456 1,187 - 1,187 (269) 959 1,517 - 1,517 558 7,251 6,557 - 6,557 (694) - 1,848 - 1,848 1,848 4,700 3,220 - 3,220 (1,480) 512 512 - 512 - 1,215 815 - 815 (400) 190 190 - 190 - 2,710 2,710 - 2,710 - 4,200 2,128 - 2,128 (2,072) 1,093 250 - 250 (843) - 48 - 48 48 7,250 3,796 - 3,796 (3,454) 1,150 473 - 473 (677) 850 1,995 - 1,995 1,145 931 748 - 748 (183) 175 175 - 175 - 156,822 146,262 - 146,262 ( 10,560 ) 4 Exhibit Y, Cont. KODIAK ISLAND BOROUGH School District Special Revenue Funds Combined Statements of'Budgeted and Actual Revenues, Expenditures, Encumbrances and Changes in Fund Balances, Continued Expenditures and encumbrances, brought forward Repairs and maintenance Teaching supplies Maintenance supplies Janitorial supplies Office supplies Gas and oil Textbooks Periodicals Other instructional media Audio /visual equipment Instructional equipment, except audio /visual Office equipment Other equipment Total expenditures and encumbrances Cancellation of prior year expenditures Fund balance, June 30, 1977 Boarding Home Program: Fund balance, July 1, 1976 Revenues from State of Alaska Expenditures and encumbrances: Management and professional salaries Out -o£- district travel Stipends Total expenditures and encumbrances Fund balance, June 30, 1977 Actual Actual over (under) Budget Expenditures Encumbrances Total budget $ 156,822 146,262 - 146,262 (10,560) 1,200 12 56 68 (1,132) 6,345 1,873 - 1,873 (4,472) 325 325 - 325 - 165 165 - 165 - 1,900 293 - 293 (1,607) 1,472 927 - 927 (545) 1,327 724 194 918 (409) 327 34 - 34 (293) 950 312 - 312 (638) 828 - - - (828) 7,652 102 - 102 (7,550) 590 129 4,074 4,203 3,613 250 64 - 64 (186 180,153 151,222 4,324 155,546 ( 24,607 ) - (3,702 - (3,702 (3,702 $ - - 39,844 39,844 - - 38 22,364 22,326 2,000 2,000 - 2,000 - 3,226 2,124 1,566 3,690 464 17,100 16,674 - 16,674 (426 22,326 20,798 1,566 22,364 38 (Continued) 5 KODIAK ISLAND BOROUGH School District Special Revenue Funds Combined Statements of Budgeted and Actual Revenu Expenditures, Encumbrances and Changes in Fund Balances, Continued Actual Budget Expenditures Encumbrances Total Indian Education Act, 1976 -77: Fund balance, July 1, 1976 Revenues from federal sources Expenditures: Management and professional salaries Certificated salaries Classified salaries Employee benefits Recreation director Office expense Intra- district travel Out -of- district travel Television rental Teaching supplies Food Textbooks Other instructional media Small tools and equipment Local transportation Miscellaneous Total expenditures Fund balance, June 30, 1977 Indian Education Act, 1975 -76 (carryover): Fund balance, July 1, 1976 Revenues from federal sources Expenditures and encumbrances: Certificated salaries Stipends Rentals Intra- district travel Out -of- district travel Teaching supplies Instructional media Equipment Total expenditures and encumbrances Cancellation of prior year encumbrances Fund balance June 30, 1977 Actual over (under) budget 117,372 - - 70,797 ( 46,575 ) 5,355 - - - (5,355) 19,500 19,015 - 19,015 (485) 35,625 24,620 - 24,620 (11,005) 10,720 4,768 - 4,768 (5,952) 4,800 3,343 - 3,343 (1,457) 2,000 818 - 818 (1,182) 14,500 8,328 - 8,328 (6,172) 500 816 - 816 316 500 - - - (500) 872 98 - 98 (774) 17,000 7,636 - 7,636 (9,364) - 832 - 832 832 - 3 - 3 3 1,000 - - - (1,000) 1,000 524 - 524 (476) 4,000 (4 - (4 (4,004 117,372 70,797 - 70,79 (46,575) 38,391 - - 25,394 ( 12,997 ) 400 400 - 400 - 4,500 4,500 - 4,500 - 150 150 - 150 - 4,126 5,946 - 5,946 1,820 3,800 1,557 - 1,557 (2,243) 1,785 65 2,087 2,152 367 9,692 100 8,751 8,851 (841) 13,938 - 2,466 2,466 ( 11,472 ) 38,391 12,718 13,304 26,022 ( 12,369 ) - (628 - (628 - (Continued) 6 KODIAK ISLAND BOROUGH School District Special Revenue Funds Combined Statements of Budgeted and Actual Revenues, Expenditures, Encumbrances and Changes in Fund Balances, Continued Rural Secondary Schools' Forum: Fund balance, July 1, 1976 Revenues from local sources Expenditures: Administration cost Intra- district travel Out -of- district travel Total expenditures Fund balance, June 30, 1977 Title VI B (Old Harbor): Fund balance, July 1, 1976 Revenues from federal sources through State of Alaska Expenditures and encumbrances: Certified salaries Health insurance Workmen's compensation Employment contributions - teachers Instruction services Intra- district travel Out -of- district travel Teaching supplies Total expenditures and encumbrances Fund balance, June 30, 1977 Title IV C: Fund balance, July 1, 1976 Revenues from federal sources through State of Alaska Expenditures: Teaching supplies Instructional equipment Total expenditures Fund balance, June 30, 1977 Exhibit Y, Cont. I Actual Budget Expenditures Encumbrances Total - - 13,828 - 376 - 376 - 133 - 133 - 13,319 - 13,319 - 13,828 - 13,828 Actual over (under) budget 13,828 376 133 13,319 13,828 30,895 - 23,563 (7,332 - 18,100 15,697 - 15,697 (2,403) 800 471 - 471 (329) 200 157 - 157 (43) 1,400 1,113 - 1,113 (287) 4,680 4,425 - 4,425 (255) 1,375 90 - 90 (1,285) 2,340 495 - 495 (1,845) 2,000 1,115 - 1,115 (885 30,895 23,563 - 23,563 (7,332 C u 4,000 - - 3,901 (99 47 61 - 61 14 3,953 3,840 - 3,840 (113 4,000 3,901 - 3,901 (99 $ - - - - - (Continued) 7 KODIAK ISLAND BOROUGH School District Special Revenue Funds Combined Statements of Budgeted and Actual Revenues, Expenditures, Encumbrances and Changes in Fund Balances, Continued Title I: Fund balance, July 1, 1976 Revenues from federal sources through State of Alaska Expenditures: Management and professional salaries Certificated salaries, regular Certificated salaries, temporary Classified salaries Health and life insurance FICA taxes Retirement contributions - teachers Retirement contributions - public employees Teaching supplies Summer plant operation and maintenance Transportation In- service education Total expenditures Fund balance, June 30, 1977 Title III, On the Job Training: Fund balance, July 1, 1976 Revenues: Revenues from federal sources through State of Alaska Contribution from General Fund Total revenues Expenditures: Management salaries Classified salaries, temporary FICA taxes Workmen's compensation Total expenditures Fund balance, June 30, 1977 Exhibit Y, Cont. i 17,107 17,107 - 8,233 (8,874) - - 78 78 8,311 (8,796 1,619 - 14,080 Actual 824 Actual 584 over (under) Budget Expenditures Encumbrances Total budget 96,558 - - 88,683 (7,875 4,000 4,000 - 4,000 - 46,300 45,201 - 45,201 (1,099) 5,558 - - - (5,558) 35,700 28,423 - 28,423 (7,277) - 1,684 - 1,684 1,684 - 1,663 - 1,663 1,663 - 3,205 - 3,205 3,205 - 2,993 - 2,993 2,993 2,000 1,514 - 1,514 (486) 1,000 - - - (1,000) 1,000 - - - (1,000) 1 - - - (1,000 96,558 88,683 - 88,683 (7,875 17,107 17,107 - 8,233 (8,874) - - 78 78 8,311 (8,796 1,619 - 14,080 7,778 824 455 584 78 17,107 8,311 (1,619) - 7,778 (6,302) - 455 (369) - 78 (506 - 8,311 (8,796) (Continued) 8 Exhibit Y, Cont. KODIAK ISLAND BOROUGH School District Special Revenue Funds Combined Statements of Budgeted and Actual Revenues, Expenditures, Encumbrances and Changes in Fund Balances, Continued itle IV: Fund balance, July 1, 1976 Revenues: From federal sources through State of Alaska Contribution from General Fund Total revenues Expenditures and encumbrances: Certificated, managerial and professional salaries Classified salaries Employee benefits Professional /technical services Intra- district travel Out -of- district travel Teaching supplies Office supplies Telephone Instructional media Teaching equipment Office equipment Miscellaneous expense Total expenditures and encumbrances Fund balance, June 30, 1977 Vocational Rehabilitation: Fund balance, July 1, 1976 Revenues from federal sources through State of Alaska Expenditures - salaries Fund balance, June 30, 1977 Actual Budget Expenditures Encumbrances Total Actual over (under) budget 78,000 - - 73,648 (4,352) - - - 60 60 78,000 - - 73,708 (4,292 28,500 28,500 - 28,500 - 11,208 10,792 - 10,792 (416) 5,440 5,102 - 5,102 (338) 6,965 4,776 - 4,776 (2,189) 2,900 2,808 - 2,808 (92) 4,657 4,185 - 4,185 (472) 3,715 4,235 - 4,235 520 800 625 - 625 (175) 1,400 1,045 - 1,045 (355) 6,347 5,471 331 5,802 (545) 4,270 4,263 - 4,263 (7) 1,198 1,160 - 1,160 (38) 600 415 - 415 (185 78,000 73,377 331 73,708 (4,292 - - - 4,744 4,744 - - 4,744 4,744 (Continued) 9 KODIAK ISLAND BOROUGH School District Special Revenue Funds Combined Statements of Budgeted and Actual Revenues, Expenditures, Encumbrances and Changes in Fund Balances, Continued Career Education: Fund balance, July 1, 1976 Revenues from state sources Expenditures and encumbrances: Certificated salaries Classified salaries Release time Health insurance FICA taxes Retirement contributions - teachers Retirement contributions - public employees Other professional and technical services Stipends Intra- district travel Out -of- district travel Office supplies Photo materials and supplies Project discovery Office equipment Total expenditures and encumbrances Fund balance, June 30, 1977 Out -of -State Tuition: Fund balance, July 1, 1976 Revenues from federal sources Expenditures and encumbrances: Tuition Room and board Out -of- district travel Total expenditures and encumbrances Fund balance, June 30, 1977 Actual Budget Expenditures Encumbrances 88,080 - - Exhibit Y. Cont. Actual _ over (under) Total budget 86,656 (1,424 27,875 28,560 - 28,560 685 17,500 17,675 - 17,675 175 210 210 - 210 - 2,235 960 - 960 (1,275) 1,300 1,046 - 1,046 (254) 2,200 2,027 - 2,027 (173) 2,150 1,867 - 1,867 (283) 4,170 6,871 - 6,871 2,701 13,053 4,027 6,203 10,230 (2,823) 450 272 75 347 (103) 2,942 2,723 91 2,814 (128) 200 220 - 220 20 3,500 2,619 914 3,533 33 4,550 9,116 435 9,551 1 745 600 145 745 - 88,080 78,793 7,863 86,656 (1,424 10,800 - - 11,151 351 3,600 3,600 - 3,600 - 7,200 7,200 - 7,200 - - 171 180 351 351 10,800 10,971 180 11,151 351 (Continued) 10 KODIAK ISLAND BOROUGH School District Special Revenue Funds Combined Statements of Budgeted and Actual Revenues, Expenditures, Encumbrances and Changes in Fund Balances, Continued Bilingual Bicultural Program: Fund balance, July 1, 1976 Revenues from federal sources through State of Alaska Expenditures and encumbrances: Management /professional salaries Certificated salaries Employee benefits Contracted services Out -of- district travel Teaching supplies Equipment Total expenditures and encumbrances Fund balance, June 30, 1977 Miscellaneous 1975 -76 Special Revenue Funds: Fund balance, July 1, 1976 Contribution from General Fund Prior year unreimbursed expenditures Cancellation of prior year encumbrances Fund balances, June 30, 1977 Title IV B: Fund balance, July 1, 1976 Revenue from federal sources through State of Alaska Expenditures: Instructional media Audio - visual equipment Total expenditures Fund balance, June 30, 1977 Exhibit Y, Cont. ' See accompanying notes to financial statements. Actual Actual over (under) Budget Expenditures Encumbrances Total budget 37,750 - - 31,416 (6,334 4,000 4,000 - 4,000 - 22,100 22,092 - 22,092 (8) 2,470 2,500 - 2,500 30 4,750 - - - (4,750) 2,000 1,081 - 1,081 (919) 1,530 612 231 843 (687) 900 730 170 900 - 37,750 31,015 401 31,416 (6,334 13,382 - 13,382 13,382 - - 15,556 - 15,556 15,556 - (2,174 - (2,174 (2,174 $ - - - - - - (53 13,413 13,516 7,878 7,644 - 7,644 (234) 5,638 5,819 - 5,819 181 13,516 13,463 - 13,463 (53 See accompanying notes to financial statements. Exhibit Z KODIAK ISLAND BOROUGH School District Cafeteria Fund Balance Sheet June 30, 1977 Assets Cash $ 16,540 Accounts receivable 71 Due from State of Alaska 1,865 Inventory, including $14,116 of USDA food inventory 25,776 Due from School District Special Revenue Funds 150 $ 44.402 Fund Balance Fund balance $ 44.402 See accompanying notes to financial statements. KODIAK ISLAND BOROUGH School District Cafeteria Fund Statement of Budgeted and Actual Revenues and Expenditures Year ended June 30, 1977 Revenues: Food sales Contributions from federal government for food expenditures Reserve for cafeteria remodeling Reserve for retirement Indian Education Act Food commodities donated by federal government Miscellaneous income Total revenues Expenditures: Cost of food used Salaries Employee benefits Equipment Supplies Utilities Repairs and maintenance Other Total expenditures Excess of expenditures over revenues Actual over (under) Budget Actual budget $ 70,799 58,902 (11,897) 23,362 41,442 18,080 5,010 - (5,010) 1,149 - (1,149) - 6,299 6,299 - 13,571 13,571 - 1,078 1,078 100,320 121,292 20,972 27,311 57,270 29,959 55,483 58,337 2,854 12,016 11,448 (568) 200 39 (161) 1,310 2,594 1,284 - 836 836 4,000 1,552 (2,448) - 381 381 100,320 132,457 32,137 $ - ll.lb5 11.165 See accompanying notes to financial statements. Exhibit BB KODIAK ISLAND BOROUGH School District Cafeteria Fund Statement of Changes in Fund Balance June 30, 1977 Fund balance, July 1, 1976 Additions (deductions): Excess of expenditures over revenues Appropriation for purchase of freezers Fund balance, June 30, 1977 Total Unappropriated Appropriated $ 55,567 50,557 5,010 (11,165) (11,165) - 5,010 ( 5,010 ) $ 44,402 44.402 - See accompanying notes to financial statements. Exhibit CC KODIAK ISLAND BOROUGH School District Tobacco Tax Fund Balance Sheet June 30, 1977 Assets Cash $ 145 Due from School District General Fund 700 $ 845 Fund Balance Fund balance Statement of Revenues, Expenditures and Changes in Fund Balance Year ended June 30, 1977 Fund balance, July 1, 1976 Revenues: State of Alaska revenue sharing Interest Less contribution to Borough Debt Service Fund Fund balance, June 30, 1977 $ 845 145 $ 73,508 _00 74,208 74,353 73,508 $ 845 See accompanying notes to financial statements. Exhibit DD KODIAK ISLAND BOROUGH School District Student Activity Funds Balance Sheets June 30, 1977 Junior Assets Cash Time certificate of deposit Due from School District General Fund High high Total school school $ 21,073 16,569 54 3,000 - 3,000 2,639 2, - $ 26.712 19.20 3.054 Elementary schools 4,450 4,450 Liabilities, Encumbrances and Fund Balances Accounts payable Encumbrances outstanding Fund balances 270 270 - 77 77 - 26,365 18,861 3,054 $ 26,712 19.208 3,054 4,450 4.450 See accompanying notes to financial statements. KODIAK ISLAND BOROUGH School District Student Activity Funds Statement of Revenues, Expenditures, Encumbrances and Changes in Fund Balances (Deficits) Year ended June 30, 1977 Fund balances Fund balances (deficits) Expend- Encum- (deficits) July 1, 1976 Revenues itures brances June 30, 1977 High school: Student council $ 4,111 7,272 6,824 - 4,559 Athletics 2,204 25,038 24,759 - 2,483 Music 560 3,860 4,031 - 389 Publications 203 7,208 4,619 - 2,792 Classes 1,050 2,980 2,828 - 1,202 Clubs: Art 50 - - - 50 Auto (187) 14 - - (173) Cheerleaders 538 1,546 1,930 - 154 Continuing Educa- tion (CE2) 6 392 355 - 43 Drama 95 79 126 - 48 Drill Team (210) - - - (210) Elwani - Foxfires (157) 9,118 8,874 77 10 Future Business Leaders 4 439 - - 443 Future Homemakers 20 - - - 20 Girls' Athletic Association 4 - - - 4 Matmaids 465 1,675 1,769 - 371 Metals 792 1,822 19 - 2,595 National Honor Society 179 - 110 69 Pep 320 915 992 - 243 Photo 237 - - - 237 Survey 11 81 50 - 42 U.I.C.A. 109 36 32 - 113 Video Tape Recorder 160 - - - 160 Wood Shop 314 1,332 908 - 738 High school pictures (19) 665 36 - 610 Resale items 830 190 190 - 830 Alumni games - 232 - - 232 Miscellaneous 317 7,039 6,549 - 807 Total high school 12,006 71,933 65,001 77 18,861 (Continued) 2 Exhibit EE, Cont. KODIAK ISLAND BOROUGH School District Student Activity Funds Statement of Revenues, Expenditures, Encumbrances and Changes in Fund Balances (Deficits), Continued Fund balances Fund balances (deficits) Expend- Encum- (deficits) July 1, 1976 Revenues itures brances June 30, 1977 Junior high school: Student council 52 1,831 1,783 - 100 Picture Fund 68 132 200 - - Yearbook 422 1,276 1,494 - 204 Athletics 2,282 15,707 15,882 - 2,107 Clubs: Band 453 - 453 - - Cheerleaders 25 176 179 - 22 Girls' Athletic Association (132) 13,900 13,768 - - Journalism 216 36 188 - 64 Resale items - 2,076 2,076 - - Miscellaneous 155 865 463 - 557 Total junior high school 3,541 35,999 36,486 - 3,054 Elementary schools 2,140 11,882 9,572 - 4,450 $ 17.687 119.814 111.059 77 26.365 See accompanying notes to financial statements. Fvhihit FF KODIAK ISLAND BOROUGH Statement of General Long -term Debt June 30, 1977 Amount Available and to be Provided for the Payment of General Long -term Debt Term bonds: Amount available in Debt Service Fund $ 165,000 Amount to be provided 135,000 300,000 Serial bonds - amount to be provided 3,995,000 $ 4 295.000 General Long -term Debt Payable Term bonds payable 300,000 Serial bonds payable 3,995,000 $ 4,295.000 See accompanying notes to financial statements. KODIAK ISLAND BOROUGH Schedule of Bonds Payable June 30, 1977 See accompanying notes to financial statements. Final Annual General Interest Issue maturity serial payments Obligation Bonds Rate Date date date Amount Date Term bonds - hospital building 4.875% 11 /1; 5/1 5/1/67 5/1/87 $ - - Serial bonds - school building 3.625 9/1; 3/1 3/1/65 1/1/79 20,000 1978 25,000 1979 3.875 9/1; 3/1 3/1/65 3/1/85 25,000 1980 -1985 5.75 9/1; 3/1 1/1/67 9/1/78 25,000 1977 50,000 1978 5.00 9/1; 3/1 1/1/67 9/1/88 50,000 1979 -1987 5.00 8/1; 2/1 4/1/74 8/1/85 120,000 1977 125,000 1978 130,000 1979 140,000 1980 145,000 1981 150,000 1982 160,000 1983 195,000 1984 210,000 1985 7.25 8/1; 2/1 8/1/74 8/1/92 215,000 1986 235,000 1987 250,000 1988 270,000 1989 290,000 1990 310,000 1991 330,000 1992 See accompanying notes to financial statements. Exhibit GG Boni Authorized Issued $ 300,000 300,000 350,000 315,000 150,000 150,000 300,000 300,000 450,000 450,000 1,650,000 1,650,000 Fund balance - Term Bonds Is Over (under) Retired Outstanding Requirement Actual requirement - 300,000 165,000 165,000 - 270,000 45,000 - - - - 150,000 - - - 225,000 75,000 - - - - 450,000 - - - 275,000 1,375,000 - - 1,900,000 1,900,000 - 1,900,000 4,800,000 4 4,765,000 7 770,000 3 3,995,000 - KODIAK ISLAND BOROUGH Notes to Financial Statements June 30, 1977 (1) Summary of Significant Accounting Policies Basis of Presentation The Kodiak Island Borough, including the Kodiak Island Borough School District, uses the modified accrual method of accounting in which expenditures other than accrued interest on general long -term debt are recorded at the time liabilities are incurred and the revenues are recorded when received in cash, except for material revenues which are accrued to properly reflect revenues earned. Tnvantnriaa Inventories are valued at the lower of cost (first -in, first -out) or market (net realizable value), except for the USDA food inventory which is recorded in the Cafeteria Fund at replacement market. Retirement Plans All full -time employees of the Kodiak Island School District participate in either the Public Employee's Retirement System (PERS) or the Teachers' Re- tirement System (TRS). The District accrues pension expense which includes current costs and amortization of prior service cost. The policy is to fund pension cost accrued. Annual Leave Annual leave is accrued as earned by employees and recorded as an expenditure in the period earned. (2) Retirement Plans Total pension expense under PERS and TRS relating to employees of the Kodiak Island School District covered by the accompanying financial statements for the year ended June 30, 1977 is as follows: PERS $ 120,213 TRS 233,165 $ 353.378 The School District's portion of the actuarially computed value of vested benefits for PERS as of July 1, 1975 (the date of the latest available actuarial report) for past service benefits is $247,952. The School District's portion of the actuarially computed value of vested benefits over the total of the pension fund for TRS is not available as all employer contributions are commingled. As of June 30, 1976, (the latest date information is available) the funding ratio of TRS was approximately 55 %. (Continued) 2 KODIAK ISLAND BOROUGH Notes to Financial Statements Contributions to these plans are a percentage of eligible gross wages made by both the employer and employee as follows: 1976 -77 1977 -78 PERS TRS PERS TRS Employee 4.25% 7.00 4.25 7.00 School District 10.53 7.09 9.43 6.70 Total 14.78 14.09 13.68 13.70 (3) Refunding Bonds During 1974 and 1975, the Borough issued "refunding bonds" of $4,000,000 and $2,350,000, respectively. The proceeds from the "refunding bonds" have been invested in U. S. Government securities at an interest rate which will result in a return of proceeds that when added to the securities principal balances will be sufficient to meet the interest and principal require- ments. Accordingly, the investments in the securities and the current bonds payable obligations of $3,635,000 and $2,275,000 are not reflected in the financial statements. (4) Capital Projects - Hospital Improvements The deficit in the Hospital Capital Project Fund results from encumbrances which did not result in any related revenues. It is anticipated the fund- ing for the encumbrances will be received as the actual expenditures occur. Estimated additional revenues available for this project are: Hill- Burton and State of Alaska grants $ 282,981 Kodiak Island Borough revenues required to receive grants 26,538 $ 309.519 (5) Transfer of School District Fund Balance Effective July 1, 1977, the Kodiak Island Borough Assembly adopted a cen- tralized treasury for the Kodiak Island Borough and School District. Concurrently, the Assembly required the transfer of the School District's General Fund fund balance to the Borough's General Fund. In the financial statements, the transfer has been recorded as of June 30, 1977, since it is anticipated such a transfer will be required annually. (6) Contingency The Borough and the Grey Nuns of the Sacred Heart implemented an operating agreement whereby the Grey Nuns are operating the Borough -owned hospital (Continued) 3 KODIAK ISLAND BOROUGH Notes to Financial Statements for five years which commenced March 1, 1975. As consideration for the operational and administrative services furnished by the Grey Nuns, the Borough agreed to fund any cumulative deficit incurred by the Grey Nuns resulting from operation of the Hospital; however, any amounts contributed by the Borough are to be repaid should the deficit be recovered from sub- sequent operations. Further, the Borough agreed to pay some hospital insurance premiums, budget a maximum of $60,000 each year for reasonably anticipated operating deficits and to distribute such amount at periodic intervals should deficits occur.