CAFR FY19981
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KODIAK ISLAND BOROUGH
Comprehensive Annual Financial Report
For the Year Ended June 30, 1998
' Kodiak, Alaska
Jerome Selby, Borough Mayor
1
Prepared by Finance Department:
Karleton Short, Finance Director
Marian Royall, Revenue Accountant
Mary Munk, General Accountant
KODIAK ISLAND BOROUGH
' Comprehensive Annual Financial Report
For the Year Ended June 30, 1998
TABLE OF CONTENTS
INTRODUCTORY SECTION
EXHIBIT PAGE
ELECTED OFFICIALS ( PHOTOGRAPHS) .......................................................... ............................... v
BOROUGHOFFICIALS ......................................................................................... ............................... vii
BOARDSAND COMMITTEES ............................................................................. ...................I........... viii
MAP OF KODIAK ISLAND BOROUGH .............................................................. ............................... x
GFOA CERTIFICATE OF ACHIEVEMENT ........................................................ ............................... xi
ORGANIZATIONALCHART ............................................................................... ............................... xii
..
LETTER OF TRANSMITTAL ............................................................................... ............................... xu►
FINANCIAL SECTION
EXHIBIT PAGE
INDEPENDENT AUDITORS' REPORT ........................................................... ............................... 1
GENERAL PURPOSE FINANCIAL STATEMENTS
Combined Balance Sheet - All Fund Types, Account Groups and Discretely
PresentedComponent Unit ................................................................................. ..............................1
Combined Statement of Revenues, Expenditures, Transfers and
2
Changes in Fund Balances - All Governmental Fund Types and
Discretely Presented Component Unit ................................................................ ..............................2
Combined Statement of Revenues, Expenditures, Transfers and
6
Changes in Fund Balances - Budget and Actual - General Fund,
'
Special Revenue Fund and Debt Service Fund ................................................... ..............................3
Combined Statement of Revenues, Expenses, Transfers and Changes in
8
Retained Earnings - Proprietary Fund Types ...................................................... ..............................4
Combined Statement of Cash Flows -
10
'
Proprietary Fund Types ...................................................................................... ..............................5
Notes to the combined Financial Statements (an integral part of the combined financial statements)
11
12
'
ADDITIONAL INFORMATION
COMBINING, INDIVIDUAL FUND AND ACCOUNT GROUP
FINANCIAL STATEMENTS AND SCHEDULES
'
GENERAL FUND:
'
BalanceSheets ................................................................................................ ............................... A -I
Statement of Revenues, Expenditures, Transfers and Changes
in Fund Balance - Budget and Actual ........................................................ ............................... A -2
Schedule of Expenditures and Transfers - Budget and Actual ....................... ............................... A -3
31
32
34
I �
KODIAK ISLAND BOROUGH
Comprehensive Annual Financial Report
For the Year Ended June 30, 1998
TABLE OF CONTENTS (conliimec%
DE13T SERVICE FUNDS
CombiningBalance Sheet ................................................................................... ............................0 -1 67
Combining Statement of Revenues, Expenditures
Transfers, and Changes in Fund Balances ........................................................ ............................0 -2 68
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual:
Bonds.............................................................................................................. ............................0 -3 69
Ot her............................................................................................................... ............................0 -4 70
CAPITAL PROJECTS FUNDS
CombiningBalance Sheet ............................................................................... ............................... D -1 72
Combining Statement of Revenues, Expenditures, ,
Transfers and Changes in Fund Balances ..................................................... ............................... D -2 74
Schedule of Capital Projects ........................................................................... ............................... D -3 76
ii
EXHIBIT
PAGE
SPECIAL REVENUE FUNDS:
CombiningBalance Sheet ................................................................................
............................... B -1
40
Combining Statement of Revenues, Expenditures, Transfers
andChan in Fund Balances ......................................................................
............................... B -2
44
Statement of Revenues, Expenditures, Transfers and
Chances in Fund Balance - Budget and Actual:
Fire and Road Service Areas:
Fire:
FireProtection Area No. I ....................................................................
............................B -3
47
WomensBay Fire Department .............................................................
............................B -4
48
Kodiak Airport Fire District ..............................................
............................................... B -5
49
Road:
Monashka Bay Road Service Area ....................................................
............................... B -6
50
ServiceDistrict No. 1 ...........................................................................
............................B -7
51
Womens Bay Service Area ...................................................................
............................B -8
52
BayView Road Service Area ...............................................................
............................B -9
53
Service No. 2 ...............................................................................
...........................B -10
54
Mental Health Center .................................................................................
............................B -I 1
55
CoastalManagement .................................................................................
...........................B -12
56
Child Care Assistance Program ..................................................................
...........................B -13
57
LandSales ...................................................................................................
...........................B -14
58
Buildingsand Grounds ...............................................................................
...........................B -15
59
Woodland Acres Street Light Service Area ................................................
...........................B -16
60
KodiakArts Council ...................................................................................
...........................B -17
61
Facilities......................................................................................................
...........................B -18
62
TourismDevelopment ............................................................................
............................... B -19
63
Kodiak Transit Authority ............................................................................
...........................B -20
64
L.E. P. C ...................................................................................................
............................... B -21
65
DE13T SERVICE FUNDS
CombiningBalance Sheet ................................................................................... ............................0 -1 67
Combining Statement of Revenues, Expenditures
Transfers, and Changes in Fund Balances ........................................................ ............................0 -2 68
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual:
Bonds.............................................................................................................. ............................0 -3 69
Ot her............................................................................................................... ............................0 -4 70
CAPITAL PROJECTS FUNDS
CombiningBalance Sheet ............................................................................... ............................... D -1 72
Combining Statement of Revenues, Expenditures, ,
Transfers and Changes in Fund Balances ..................................................... ............................... D -2 74
Schedule of Capital Projects ........................................................................... ............................... D -3 76
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KODIAK ISLAND BOROUGH
Comprehensive Annual Financial Report
For the Year Ended June 30, 1998
TABLE OF CONTENTS (continued)
iii
EXHIBIT
PAGE
ENTERPRISE FUNDS:
CombiningBalance Sheet .................................................... ...............................
............................E -1
80
Combining Statement of Revenues, Expenses, Transfers
and Changes in Retained Earnings ................................................................
............................... E -2
82
Combining Statement of Cash Flows ..............................................................
............................... E -3
83
Municipal Solid Waste Collection and Disposal Fund:
Balance .................................................................................................
............................... E -4
84
Statement of Revenues, Expenses, Transfers and Changes
in Retained Earnings - Budget and Actual .....................................................
............................... E -5
85
Statements Cash Flows ................................................................................
............................... E -6
86
Hospital Facilities Fund:
Balance ..................................................................... ...............................
............................E -7
87
Statement of Revenues, Expenses, Transfers and Changes
in Retained Earnings - Budget and Actual .....................................................
............................... E -8
88
Statements Cash Flows ................................................................................
............................... E -9
89
911 Services Fund:
Balance ...............................................................................................
............................... E -10
90
Statement of Revenues, Expenses, Transfers and Changes
in Retained Earnings - Budget and Actual ...................................................
............................... E -11
91
Statements Cash Flows ..............................................................................
............................... E -12
92
Kodiak Fisheries Research Center Fund:
BalanceSheet ...................................................................... ...............................
...........................E -13
93
Statement of Revenues, Expenses, Transfers and Changes
in Retained Earnings - Budget and Actual ........................ ...............................
...........................E -14
94
Statementof Cash Flows ...............................................................................
............................... E -15
95
INTERNAL SERVICE FUND:
Management Information Systems Fund:
BalanceSheets .................................................................................................
............................... F -1
97
Statement of Revenues, Expenses, Transfers and Changes in
in Retained Earnings - Budget and Actual .....................................................
............................... F -2
98
Statementsof Cash Flows ................................................................................
............................... F -3
99
iii
KODIAK ISLAND BOROUGH
Comprehensive Annual Financial Report
For the Year Ended June 30, 1998
TABLE OF CONTENTS (continited)
GENERAL FIXED ASSETS ACCOUNT GROUP:
EXHIBIT PAGE
Schedule of Fixed Assets by Source ............................................................... ............................... G -1 101
Schedule of General Fixed Assets by Function and Activity ......................... ............................... G -2 102
Schedule of Changes in General Fixed Assets by
Functionand Activity ................................................................................... ............................... G -3 103
GENERAL LONG -TERM DEBT ACCOUNT GROUP:
Schedulesof Long -Term Debt ........................................................................ ............................... H -1 105
ADDITIONAL INFORMATION - BONDED INDEBTEDNESS:
Summary of Bonded Debt Service Requirements to Maturity ............................ ............................1 -1 107
General Obligation School Refunding Bonds, Series 1989 .............................. ............................... I -2 108
General Obligation Bonds, 1993 Series A ........................................................... ............................1 -3 109
General Obligation Bonds, 1994 Series A ........................................................... ............................1 -4 110
AsbestosRemoval Loan Payable ......................................................................... ............................1 -5 111
STATISTICAL SECTION
TABLE PAGE
STATISTICAL TABLES:
General Governmental Expenditures and Other Uses
by Function - Last Ten Fiscal Years ................................................................... ..............................1
113
General Revenues and Other Financing Sources - Last Ten Fiscal Years ............ ..............................2
114
Property Tax Levies and Collections -
LastTen Fiscal Years ......................................................................................... ..............................3
115
Assessed and Estimated Actual Value of Taxable
Property Last Ten Fiscal Years ........................................................................ ..............................4
116
Property Tax Rates and Contributions to the School District
LastTen Fiscal Years ......................_................................................................. ..............................5
117
Ten Largest Property Taxpayers ........................................................................... ..............................6
118
Ratio of Net General Bonded Debt - Last Ten Fiscal Years ................................. ..............................7
119
Computation of Direct and Overlapping Debt ...................................................... ..............................8
120
Computation of Legal Debt Margin ...................................................................... ..............................9
121
Ratio of Annual Debt Service Expenditures for General
Bonded Debt to Total General Expenditures and Transfers -
LastTen Fiscal Years ........................................................................................ .............................10
122
Demographic Statistics - Last Ten Fiscal Years .................................................. .............................11
123
Property Value, Construction and Bank Deposits -
LastTen Fiscal Years ........................................................................................ .............................12
124
Miscellaneous Statistical Data -
LastTen Fiscal Years ........................................................................................ .............................13
125
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INTRODUCTORY SECTION
s
a ` I
Vii
KODIAK ISLAND BOROUGH
BOROUGH OFFICIALS
YEAR ENDED JUNE 30, 1998
'
BOROUGH ASSEMBLY
Wayne Stevens '99
Robin Heinrichs `98
'
Dr. Bob Johnson `98
Gary Stevens `00 (Presiding Officer)
'97
Toni Abell `99
Michael R. Milligan
Tuck Bonney '99
Scott Arndt `00 (Deputy Presiding Officer)
BOROUGH MAYOR
Jerome M. Selby '98
Karleton G. Short ...........................................................................................
............................... Finance Director /Treasurer
Chris M. Lynch .............................................................
............................... ....................Engineering and Facilities Director
DonnaSmith .....................................................................................................................
............................... Borough Clerk
'
Linda L. Freed .............................................................
PatrickS. Carlson ................................................................................
............................... ......................Community Development Director
............................... ........ Assessor
Perry L. Page ........................................................................................
............................... Director of Information Systems
RobertA. Himes ..................................................................................
............................... ......................Assistant Fire Chief
Charles E. "Bud" Cassidy .......................................................................
............................... Resource Management Officer
Jamin, Ebell, Schmitt & Mason .....................................................
............................... Borough Attorney (Contracted Firm)
Betty Walters ..........................................................................................
............................... Superintendent, School District
MaryMunk ...............................................................................................................
MarianRoyall ..........................................................................................................
............................... General Accountant
............................... Revenue Accountant
Barbara Templeton .......................................................................................................
............................... Purchasing Agent
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Vii
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
BOARDS AND COMMITTEES
YEAR ENDED JUNE 30, 1998
School Board
* Norm Wooten
Joe M. Floyd
Jack McFarland
Jeff Stephan
Pat Jacobson
Dan Canavan, USCG Rep.
Bob Johnson — Assembly Rep.
Tom Abell — Assembly Rep.
Wayne Stevens — Assembly Rep.
Nancy Sweeney - Staff
Corrine Rainville, Student Rep.
Hosoital Advisory Board
* Wayne Stevens
Gil Bane
Mark K. Buckley
Russell Grimm
Michael Machulsky
Mary A. Monroe
Gretchen Saupe
Phil Cline, Administrator, ex- officio
Lisa Marcato, KIH Staff
Dr. Mark Withrow, Chief of Staff
Mental Health Center Advisory
Board
* Jody Burcham
Thia Falcone
Craig Fanning
Barbara Lynn Furin
John C. Houser, III
Cecil Ranney
Cindy Thomas
Tuck Bonney, Assembly Rep.
Lt. Tish Palmer, CG Rep, ex- officio
Robin Gardner, MHC Staff
Karen Perkins, KAMI Rep., ex- officio
Welby Jensen, MD, Providence Rep, ex- officio
Plannine and Zonine Commission
* Donna Bell
Jerrol Friend
Robert Himes
Robbie Scheidler
Clarence W. Selig
Walter Stewart
Darlene Turner
Woodland Acres Street Liglitin
Service Area Advisory Board
Phillip Cline
* Bob Hatcher, Chair
Dave Killeen
Citizen Board of Eaualization
Jim Carmichael
* Karenia Hackett, Chair
Tim Hurley
Cheryl McNeil, Alternate
Pat Carlson, KIB staff
Donna Smith, KIB staff
Parks and Recreation Committee
* David Odell
S. Forrest Blau
Susan Byersdorfer
Steven Honnold
Walter Stewart
Vincent Walser
Kate Wynne
Joe Floyd, School Bd. Rep., ex- officio
Linda Freed, KIB staff
Ian Fulp, City Rep., ex- officio
Claire Holland, State Rep., ex- officio
Tom Abell, Assembly Rep.
Building Code Board of Appeals/
(Architectural Review Board)
* Gerald Cloudy
Gregg Hacker
Jay Johnston
Jeff LeDoux
Dale Soughers
Tom Templeton
Robin Heinrichs, Assembly Rep.
Bob Tucker, KIBSD Rep.
Jack McFarland, School Board Rep.
Chris Lynch, KIB Rep.
Personnel Advisory Board
Warren Russell
Christine Jamin
Chris Nielsen
Dorothy Weeks
Rachael Miller, KIB staff
Viii
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e
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KODIAK ISLAND BOROUGH
KODIAK, ALASKA
BOARDS AND COMMITTEES
YEAR ENDED JUNE 30, 1998
Data Processing Steering
Committee
* Jerome Selby
Jim Nagan
Perry Page
Karleton Short
Betty Walters
David Jones
Fire Protection Area No. I
Advisory Board
* Eileen Probasco
Scott Arndt
Jeff Halcomb
Charles Lorenson
Robert Himes, ex- officio
Earl Smith, ex- officio
Kevin Arndt
Bay View Road Service Area
Advisory Board
* Fred "Sky" Roberts
Dawn Black
Marcia Oswalt
Reed Oswalt
James R. Schauff
Monashka Bay Road Service Area
Advisory Board
* Mark Withrow
Jeff Hamer
Dave Sundberg
Tom Knoke
Corrine Estelle Ferre
Emergency Services Council
Carolyn Floyd
Jerome Selby
Bill Jones, City Manager, City of Kodiak
Gary Stevens
Charles Wurster, Capt. USCG
Service District No. 1
Advisory Board
* Kevin Arndt
Robert Greene
Scott Arndt
Ed Mahoney
Jennifer Spencer
Robert Casey
Brian Mayberry
Womens Bay Service Area
Advisory Board
* David Conrad
Linda Estes
Edward Gondek
Tom Trosvig
Bob Tarrant
Tom Schwantes
Mike Welchek
Dale L. Rice, ex- officio
Kodiak Area Transit System
Steering Committee
* Pat Branson
Wanetta Ayers
Marie Bami
Tim Blott
Woody Konig
Wayne Stevens, Assembly Rep.
Linda Freed, KIB Staff
2 vacant
Airport Advisory Committee
* Stosh Anderson
Charles Barber
Joseph Brodman
Robert Himes
Ruth Lovejoy
Robert B. Wilson, Jr.
Arlen Zacharias
John Chya, ex- officio
CDR Drew Dilkes, CG ex- officio
Tina Seelinger, KIB staff
Service Area No. 2 Commission
Rebecca Bean Miller
Connie Estille Ferre
Norman Mullen
Marcia Oswalt
1 vacancy
* Indicates chair
ix
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Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
I
Kodiak Island Borough,
Alaska
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
June 30, 1997
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.
_�cE QfFj�
N1ED STATES /� 9�
CMA
M s President
'� CXICAW � 00 -e
Executive Director
X1
KODIAK ISLAND BOROUGH ORGANIZATIONAL CHART
FISCAL YEAR 1998
ELECTORATE
BOROUGH MAYOR BOROUGH ASSEMBLY
ASSISTANT ARTS Cd1NCll BOROUGH ATTORNEY BOROUGH CLERK
A SSTANT gRECfOR
HUMAN RESOURCES LOCAL ADMINISTRATOR
DIRECTOR (LAY C TANCE DEPUTY CLERK
S ASµ )
RESOURCE MANAGEMENT RECORDS MANAGER
OFFICER
ASSESSOR COMMUN17Y DEVELOPMENT ENGINEERING/FACLMES FINANCE DIRECTOR
DIRECTOR DIRECTTOR MTEMS DIRECTOR
NfltC
PROPERLY APPRASER ASSOCIATE PLANNER / MAINTENANCE ENGINEER GENERAL SENIOR SYSTEMS
RANGE PLANNING ACCOUNTANT ANALYST
CARPENTER/
— EE EE ASSOCIATE PLANNER PROJECT MANAGER ACCOUNTING IECNNICUW
ENFORCEMENT OFFICER PAYROLL OPQNA770N5 SUPEIMSOR
MAINTENANCE
ASSESSMENT CLERK I DRAfTINC TECNNICLW WORKER ACCWN7ING TECMNIdAN
MTELN OPERATOR I
ACCOUNTS PAY
PROJECTS ASSISTANT
SECRETARY III REVENUE
LAN AtMNTNSIRATOR
ACCOUNTANT
SECRETARY 111
CASHIER PC TECHNKSA/ I
SECRETARY III
PRIM
BALER OPERATOR I
&1LE OPERATOR I
BALER OPERATOR I
' Annual Report •Kodiak Island Borough, Alaska
- ASSEMBLY MEMBERS-
TOM ABELL
At Large, 1999
DR. GARY STEVENS DR. BOB JOHNSON WAYNE STEVENS
At Large, 2000 At Large, 1998 At Large, 1999
Presiding Officer of Assembly
To the Honorable Mayor and Members of the Kodiak Island Borough Assembly:
In accordance with the provisions of the Kodiak Island Borough Code, there is presented herewith
the Comprehensive Annual Financial Report for the year ended June 30, 1998, and the related
statements and statistical tables.
Respectfully submitted,
�f a ��-
Karleton G. Short, Finance Director
SCOTT ARNDT
At Large, 2000
Deputy Presiding Officer
JEROME M. SELBY
Mayor of Kodiak Island Borough, 1998
ROBIN HEINRICHS
At Large,1998
TUCK BONNEY
At Large,1999
M F4 r', � I �` N ' I
December 1, 1998
To the Honorable Mayor and
Members of the Assembly
Kodiak Island Borough
Kodiak, Alaska
Kodiak IslandBorough
The comprehensive annual financial report (CAFR)
of the Kodiak Island Borough (Borough), Kodiak,
Alaska, for the fiscal year ended June 30, 1998, is
submitted herewith.
The Borough Finance Department prepared this
report. Responsibility for the accuracy, completeness,
and fairness of presentation, including all disclosures,
rests with the Borough. We believe the data, as
presented, is accurate in all material respects, 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
Boroush'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 report of the independent accountants.
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
710 MILL BAY ROAD
KODIAK, ALASKA 99615 -6398
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 strong
Mayor /Assembly form of government governs the
Borough. The Borough Assembly is composed of
seven members who are elected at- large.
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
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 1996,
Kodiak was ranked third among commercial fishing
ports in the United States in terms of value of seafood
landed. Landings to the Port of Kodiak in 1996 were
202.7 million pounds.
The major sector of the Kodiak economy is, by far,
commercial fishing, accounting for eighty percent of
the severance tax revenue collected.
According to Alaska Fish and Game, 266,962,938
pounds of fish were landed at the Port of Kodiak in
1997 with an exvessel value of $82,885,874, 1996
showed a value of $81,827,258. What is interesting
is comparing percentages of weight with the
percentages of value. The top four species in 1997,
according to weight, are pollock with 31% of the
weight, pacific cod with 27 %, salmon with 22 %, and
flatfish with 6 %. In comparing the dollar value for
1997, the top four in terms of value are halibut with
!Q4ni
25% of the value, salmon with 23 %, pacific cod with
19 %, and pollock with 10 %. (Flatfish was in the top
four in weight, but only had 4% of the value. Halibut
was in the top four in value, but only had 4% of the
weight.)
Salmon has been the traditional mainstay for
Kodiak's fisheries. The following table shows the
salmon catch for calendar years 1995 - 1998. (The
number of salmon caught and the dollar value for
1998 is estimated.)
Number of
Pounds of
Dollar Value of
Salmon Caught
Salmon Caught
Salmon Caught
1998 26,400,000
105,574,000
$ 29,800,000
1997 14,457,593
57,800,575
$ 18,795,950
1996 9,215,978
46,571,702
$ 25,762,142
1995 N/A
187,389,313
$ 50,500,000
The fluctuation in weight is due to the cyclical nature
of the salmon. The fluctuation in the dollar value is
due to the international market. It seems that Norway
and Chile have driven down the price of Alaska wild
salmon by farming salmon in their countries.
The severance tax revenue collected for timber in
fiscal year 1997 was $272,035. Fiscal year 1998 saw
it drop to $179,401. This decline 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 the 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. Tourists
come to our island to enjoy tite 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. Calendar year
1998 saw the arrival of Princess Cruise Ships with
their cruise ship The Emerald Princess which docked
in Kodiak ten times this year. It is possible that
Princess Cruise Lines will be back next year and that
Holland Cruise Lines might join also.
The labor force in Kodiak is dominated by the fishing
industry. Thirty -one percent of the local labor force
is employed in the fish harvesting area.
Manufacturing, mainly seafood processing, employs
24% of the work force. The U. S. Coast Guard and
0MA
other government entities make up 21 %. Retail and
wholesale sector have 8 %, the service sector has 9 %,
with the remaining 7% 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
because of the increased activity in the canneries and
declines in November and December when fishing
quotas are reached. The unemployment rate as of
June 30, 1998 was 3.2 percent compared to 7.7
percent in 1997 and 13.7 percent in 1996. The local
unemployment rate has fluctuated from 5 to 14
percent over the last ten years.
MAJOR INITIATIVES
In preparing the fiscal year 1998 budget, the Kodiak
Island Borough identified several major projects to
be addressed during the year. All major projects are
listed in Exhibit D -3 of the comprehensive annual
financial report.
The most significant project undertaken in fiscal year
1998 is the landfill vertical expansion. This 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.
The hospital remodel project is virtually complete,
with the exception of a few punch list items; and the
Kodiak Fisheries Research Center will be completed
in fiscal year 1999.
Capital projects either started or expanded in fiscal
year 1998 totaled $4,630,136.
DEPARTMENT OR 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. In order to provide adequate health care, the
Borough has leased the Hospital and Care Center to
t
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Providence of Alaska Medical Center. Providence of
Alaska took over the operation of the Mental Health
Center on January 2, 1998.
The Borough is responsible for solid waste collection
and disposal. Collection services are contracted
through an outside source.
The Borough has four road service areas, two fire
protection areas, and one street light service area.
Each year the Borough selects a department to
highlight for its efforts and accomplishments. For
fiscal year 1998, we have selected the Assessing
Department. The Borough Assessing Department
comprises a staff of 4 with an Assessor, Appraiser
and 2 Clerical Staff. The department annually values
over 750 million dollars of taxable property at the
statutory basis of 100% of its market value. The
department also maintains a comprehensive database
on all property including vessels, aircraft and
business equipment.
The maintenance of the real property roll is
accomplished in two annual stages. The first stage is
a phased audit program, whereby all properties are
physically visited and reviewed on a 3 -year cycle.
The second portion of the valuation program is based
on a sales ratio study, whereby properties are
stratified by category and price class and reviewed
and revalued if subject to substantial price
movements.
The department subscribes closely to the appraisal
standards required by the Appraisal Foundation
through the Uniform Standards of Professional
Appraisal Practice and the International Association
of Assessing Officers. The department is currently
implementing state of the art techniques which, when
complete, will include a computer -aided mass
appraisal system (Kb Systems), digital mapping
system (AutoCAD), geographic information system
(GIS), and a digital imaging system (DDSI) which
will be interfaced with the IBM AS /400 mainframe
financial system (New World).
This new technology addresses two immediate needs,
the first of which is to insure that the department is
Year 2000 compliant or in other terms that the
computer assets will function properly in the year
2000. The system also provides a long -term
comprehensive system to address all departmental
needs on a cost - effective long -term and sustainable
basis. As the tax roll continues to grow, the
department will be able to keep up by wise and
efficient use of this new technology. More
importantly, the department will be able to provide
the community with the ability to find and generate
information quickly and correctly.
Without the new system it was a difficult and
expensive task just to answer a simple question such
as how many single - family homes are owned by non-
residents in a certain area. It is the intent of the
Assessor to make access available to the public via
modem and the Internet, so that the citizens can use
this information for a variety of needs. In effect the
goal is to create a "Property Information and
Valuation Office ". To move beyond the historic role
of just valuing property for tax purposes to a point
where the office can serve a variety of information
needs on a long term basis for the community, in
order to facilitate planning and positive decision
making.
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.
Internal Control Structure
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 and internal service funds. Under
I xv
the modified accrual basis of accounting, revenues A public hearing and the adoption of a budget
are recognized when measurable and available and ordinance appropriates all new funds. The Assembly
expenditures are recognized when incurred. makes appropriation transfers between funds and/or
departments only after the adoption of an ordinance.
Budgetary control is maintained by an annual Borough staff may execute transfers between line
appropriation system supplemented with an items within a department.
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.
GENERAL GOVERNMENT FUNCTIONS
The following chart summarizes General Fund revenues for the fiscal year ended June 30, 1998. This chart includes
General Fund revenues only.
License;
Intergovernmen
25%
'roperty Taxes
60%
Severance T
9%
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Investment Income
4%
The following schedule summarizes changes from
the prior year for General Fund revenues:
2,455,140
Property tax is the largest source of revenue for the
General Fund of the Kodiak Island Borough. The
increase in property tax revenue is due to an increase
in the mill rate from 6.75 in fiscal year 1997 to 9.25
in fiscal year 1998.
Severance tax revenues increased from $845,638 in
fiscal year 1997 to $931,695 in fiscal year 1998. The
tax related to the fishing industry increased by
$176,709 while the severance tax on timber
decreased by $92,634.
The licenses, permits, fees and other revenue increase
is attributed to the housing market. Fiscal year 1998
had forty more building permits issued than fiscal
year 1997, bringing the total number of permits to
188 with a total value of $24.7 million dollars.
The following chart illustrates General Fund expenditures for the year ended June 30, 1998, by function:
Culture and re
5%
Education
16%
General Government
54%
Health and
11 °/
r..- --Y
3%
Will
Community Development
11%
Increase
(Decrease)
Revenue Sources
Over 1997
Property Taxes
$ 1,921,500
Severance Taxes
86,057
Intergovernmental
342,803
Licenses, Permits, Fees and Other
86,942
Investment Income
17,838
2,455,140
Property tax is the largest source of revenue for the
General Fund of the Kodiak Island Borough. The
increase in property tax revenue is due to an increase
in the mill rate from 6.75 in fiscal year 1997 to 9.25
in fiscal year 1998.
Severance tax revenues increased from $845,638 in
fiscal year 1997 to $931,695 in fiscal year 1998. The
tax related to the fishing industry increased by
$176,709 while the severance tax on timber
decreased by $92,634.
The licenses, permits, fees and other revenue increase
is attributed to the housing market. Fiscal year 1998
had forty more building permits issued than fiscal
year 1997, bringing the total number of permits to
188 with a total value of $24.7 million dollars.
The following chart illustrates General Fund expenditures for the year ended June 30, 1998, by function:
Culture and re
5%
Education
16%
General Government
54%
Health and
11 °/
r..- --Y
3%
Will
Community Development
11%
Changes in expenditures for major General Fund functions of the Borough over the preceding year are shown in the
following tabulation:
General Fund expenditures increased $288,448 in fiscal year 1998. The majority of this increase, $339,194, can be
attributed to education. There was a decrease of $177,064 in health and sanitation, while general government
increased $97,273.
It is the goal of the Kodiak Island Borough to maintain a General Fund balance of at least 1.5 to 2 million dollars.
The fund balance as of June 30, 1998, was $1,569,205. 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
PROPRIETARY OPERATIONS
In fiscal year 1998, the Municipal Solid Waste Fund
had an operating loss of $50,435. Although this loss
comes after achieving an income in fiscal year 1997
of $476,498, the fund did better than anticipated.
The budget for fiscal year 1998 showed an expected
loss of $77,000. Revenues were $38,464 higher than
projected and the expenses exceeded the budgeted
amount by $11,899.
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 gets a portion of state
revenue sharing. Their portion for fiscal year 1998
was $70,751. The net income was $1,600,095. This
amount includes an operating transfer of $1,300,000,
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Increase
(Decrease)
Expenditures
Over 1997
General Government
$ 97,273
Public Safety
13,025
Health and Sanitation
(177,064)
Education
339,194
Culture and recreation
15,000
Community Development
1,020
$ 288,448
General Fund expenditures increased $288,448 in fiscal year 1998. The majority of this increase, $339,194, can be
attributed to education. There was a decrease of $177,064 in health and sanitation, while general government
increased $97,273.
It is the goal of the Kodiak Island Borough to maintain a General Fund balance of at least 1.5 to 2 million dollars.
The fund balance as of June 30, 1998, was $1,569,205. 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
PROPRIETARY OPERATIONS
In fiscal year 1998, the Municipal Solid Waste Fund
had an operating loss of $50,435. Although this loss
comes after achieving an income in fiscal year 1997
of $476,498, the fund did better than anticipated.
The budget for fiscal year 1998 showed an expected
loss of $77,000. Revenues were $38,464 higher than
projected and the expenses exceeded the budgeted
amount by $11,899.
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 gets a portion of state
revenue sharing. Their portion for fiscal year 1998
was $70,751. The net income was $1,600,095. This
amount includes an operating transfer of $1,300,000,
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which came from
the capital protect account. The
$1.3 million is the amount that is left over from the
hospital construction project. This net income, $1.6
million, when applied to the deficit in retained
earnings from fiscal year 1997, brings the retained
earnings account to $418,619.
The 911 Service Fund was established to collect
money for phone charges in order to pay for, install
and maintain an automatic call out system for
emergency services. The money is collected by the
phone company and remitted to the Borough. Fiscal
year 1998 shows a deficit in retained earnings of
$40,914; this is a result of purchasing the equipment.
FIDUCIARY OPERATIONS
The Kodiak Island Borough handles all fiduciary
activity with the same care and due diligence that we
exercise with any of our funds. All amounts due are
withheld, collected, accounted for, and remitted
promptly.
Periodically, the State of Alaska informs each
participating entity of the Public Employees
Retirement System (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.
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
$ 3,250,000
General Obligation, 1993
6,785,000
General Obligation, 1994
9,985,000
State of Alaska ADEC loans
99,698
Enviromental Protection
General obligation, 1994
Agency Loan
135,415
General obligation, 1993
$ 20,255,113
The 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.
As of June 30, 1998, net per capita bonded debt is
$1,381. For comparison purposes, following is the
net per capital bonded debt for the past ten years:
General Bonded Debt Per Capita
Last ten fiscal years
,"
a
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FiF Yr
Moody's
Standard
Investors
and
Service
Poors
General obligation, 1994
Aaa
AAA
General obligation, 1993
Aaa
AAA
General obligation,
school refunding, 1989
Aaa
AAA
As of June 30, 1998, net per capita bonded debt is
$1,381. For comparison purposes, following is the
net per capital bonded debt for the past ten years:
General Bonded Debt Per Capita
Last ten fiscal years
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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 the Borough,
School District, and Mental Health Center. 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. U.S. Treasuries at 102
percent of carrying value collateralize this account.
A third -party bank holds the 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 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, the collateral
is to be held by a third -party bank.
During the past year, the investments of the Borough
have fluctuated between $12 and $23 million.
Interest rates for our fiscal year started at 5.25
percent to 6.5 percent in early July 1997. At year-
end, investments were earning from 5.25 percent to
6.06 percent for an average yield of 5.75 percent.
We ended the year with investment earnings for all
funds in the amount of $1,367,766.
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 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 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 auditors' opinion has been included in this
report.
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."
xx
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, 1997. 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 ten
consecutive years (fiscal years ended 1988 - 1997).
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) presented a
Distinguished Budget Presentation Award to the
Kodiak Island Borough for its annual budget for the
fiscal years beginning July 1, 1990 through July 1,
1997. The Borough has submitted its annual budget
for the fiscal year beginning July 1, 1998, 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.
OTHER AWARDS
Citizens of the Kodiak Island Borough are pleased to
see that our Mayor, Jerome M. Selby, has been
recognized nationally. He appears in the current
issues of Who's Who in the West and Who's Who in
the World
ACKNOWLEDGMENTS
I wish to express my appreciation to all the members
of the Finance Department for their efficient and
dedicated service during the past year. I wish to
thank your office and the members of the Borough
Assembly for their interest in and support of the
planning and conducting of the financial operations
of the Borough in a responsible and progressive
manner.
Respectfully submitted,
4&, - 4. 4'4�-
KARLETON G. SHORT
DIRECTOR OF FINANCE
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FINANCIAL SECTION
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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.
t
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Deloitte &
buche
Deloitte & Touche LLP
Suite 1500
550 West 7th Avenue
Anchorage, Alaska 99501
INDEPENDENT AUDITORS' REPORT
The Honorable Mayor and Members of the Assembly
Kodiak Island Borough
Kodiak, Alaska
Telephone: (907) 272 -8462
Facsimile: (907) 264 -3181
We have audited the accompanying general purpose financial statements of Kodiak Island Borough, Alaska, as of
June 30, 1998, 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 generally accepted auditing standards and 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, 1998, and the results of its operations and the cash flows
of its proprietary fund types for the year then ended in conformity with generally accepted accounting principles.
Our audit was conducted for the purpose of forming an opinion on the general purpose financial statements taken as
a whole. The combining and individual fund and account group financial statements and schedules listed in the
foregoing table of contents, are presented for purposes 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.
The statistical data on pages 113 through 125 are presented for purposes of additional analysis and are 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 the 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 2, 1998, on our
consideration of Kodiak Island Borough's internal control over financial reporting and our tests of its compliance
1 with certain provisions of laws, regulations, contracts and grants.
� - z�P
October 2, 1998
1
DeloitbeTouche
ToWlift
KODIAK ISLAND BOROUGH
COMBINED BALANCE SHEET - ALL FUND TYPES, ACCOUNT GROUPS AND DISCRETELY
PRESENTED COMPONENT UNIT
AS OF JUNE 30, 1998 (with comparative totals for 1997)
Proprietary
Governmental Fund Types Fund Types
Special Debt Capital
General Revenue Service Projects Enterprise
ASSETS AND OTHER DEBITS
ASSETS:
Equity in central treasury
Temporary investments
Other cash and cash equivalents
Receivables.
Accounts and other receivables, net
State of Alaska
Federal Government
Property taxes, net of allowance of $15,828
Land sales contracts, due within one year
Due from other funds
Due from primary government
Inventories
Prepaid expenses /expenditures
Long -term interfund advances
Restricted assets:
Temporary investments
With fiscal agent
Land sales contracts receivable, due after one year
Fixed assets, net of accumulated
depreciation where applicable
Construction work -in- progress
OTHER DEBI I'S:
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
$ 667,288 $
1,044,467 S
589,247 $ 1,037,382 $
54,767
2,234,133
-
- 6,003,810
89,871
201,438
101,697
- 47,660
225,259
116,053
318,708
15,833 346,801
-
338,027
-
81,636
740,200
344,141
790,000
277,007
7,799
-
8,000,000
139,520
308,203
196,396
-
6,422,684
11,906,168
$ 3,556,929 $ 10,490,903 $ 605,080 $ 7,779,794 $ 20,113,479
The accompanying notes are an integral part of these combined financial statements.
2
EXHIBIT 1
Totals
Proprietary Primary Component
Fond'I)pes Account Groups Government Unit Totals
Internal General General Long- (Memorandum School (Memorandum Only)
Service Fixed Assets Term Debt Only) District 1998 1997
S 87,242 S S S
3,480,393 S
S
3,480,393 S
742,314
-
8,327,814
8,327,814
13,909,759
_
364,226
364,726
233,333
576,044
30,601
606,645
754,777
797,395
2,344,419
3,141,814
2,568,679
-
11,295
11,295
679,802
338,027
-
338,027
158,033
81,636
-
81,636
188,233
1,874,341
691,110
2,565,451
4,121,122
-
1,669,638
1,669,638
1,359,525
-
277,007
192,117
469,124
499,218
16,848
24,647
-
24,647
32,878
-
8,000,000
8,000,000
-
139,520
139,520
150,768
208,203
208,203
1,642,622
-
196,396
-
196,396
263,713
387,292 96,177,757
102987,733
3,691,789
106,679,522
106,311,993
- 28,345,940
40.252,108
-
40,252,108
27,046, 260
- -
-
156,000
156,000
-
594,663
594,663
-
594,663
809,888
- - 19,820,662
19.820,662
430,629
20,251291
22,047,917
S 491.382 S 124,523,697 S 20,415,325 S
187,976,589 S
9,581,824 $
197,558,413 S
183,520,834
(conlrnned)
3
KODIAK ISLAND BOROUGH
COMBINED BALANCE SHEET - ALL FUND TYPES, ACCOUNT GROUPS AND DISCRETELY
PRESENTED COMPONENT UNIT
AS OF JUNE 30, 1998 (with comparative totals for 1997)
The accompanying notes are an integral part of these combined financial statements.
4
Proprietary
Governmental Fund Types
Fund Types
Special
Debt
Capital
General
Revenue
Service
Projects
Enterprise
LIABILITIES. FIND EQUITIES AND
OTHER CREDITS
LIABILITIES:
Accounts payable
$ 181,642 $
214,525 $
10,417
$ 1,805,952
$ 258,400
Retainages payable
-
-
-
790,350
-
Accrued compensation, annual leave,
payroll taxes and related benefits
85,054
1,514
-
20,455
Other accrued liabilities
27,066
-
-
Customer deposits
-
300
-
Deferred revenues
279,387
60,000
Claims and judgements
-
-
-
Due to City of Kodiak
24,324
38,583
Due to component units
1,669,638
-
-
-
Due to other funds
-
600,200
1,015,000
259,141
Due to student organizations
Current portion of note payable
523,349
Current portion of capital lease obligations
230,973
Accrual for landfill closure and postclosure costs
2,200,131
Note payable
2,450,303
Capital lease obligations
1,154,520
Long -term interfund borrowings
8,000,000
General obligation bonds payable
Environmental Protection Agency loan
Alaska Dept. of Environmental Conservation loans
-
-
-
-
-
Total liabilities
1,987,724
1,095,926
10,417
3,611,302
15,195,855
FUND EQUITIES AND OTHER CREDITS:
Contributions in aid of construction, net
-
-
-
-
1,684,937
Investment in eeneral fixed assets
-
Contributed capital
5,147,927
Retained earnings (deficit)
-
(1,915,240)
Fund balances:
Reserved:
Encumbrances
4.593,097
Fuel inventory
-
Impact Aid
-
-
Unreserved:
Designated for subsequent year expenditures
1,569,205
594,663
(424,605)
Undesignated
-
9,394,977
-
-
Total fund equities and other credits
1,569,205
9,394,977
594,663
4,168,492
4,917,624
TOTAL
$ 3,556,929 $
10,490,903 $
605,080
$ 7,779,794
$ 20,113,479
The accompanying notes are an integral part of these combined financial statements.
4
EXHIBIT 1, continued
Totals
(Memorandum Only)
1998 1997
S 9.965 S
S $
Totals
122,940 S
Proprietary
2,273,455
Primary
Component
Fund Types
Account Groups
Government
Unit
Internal
General General Long-
(Memorandum
School
Service
Fixed Assets Term Debt
Only)
District
Totals
(Memorandum Only)
1998 1997
S 9.965 S
S $
2,480,901 $
122,940 S
2,603,841 $
2,273,455
-
790,350
-
790,350
487.372
38,812
160,212
306,047
2,627,090
2,933,137
3,031,245
-
-
27,066
27,066
1,723
300
-
300
675
339,387
63,816
403,203
429,223
-
243,000
243,000
-
62,907
-
62,907
-
1,669,638
-
1,669,638
1,359,525
1,874,341
691,110
2,565,451
4,121,122
-
200,656
200,656
178,933
523,349
-
523,349
492,063
230,973
230,973
329,819
2,200,131
2,200,131
1,984,423
2,450,303
2,450,303
2,971.335
1,154,520
1,154,520
1,407 947
-
8,000,000
8,000,000
20,020,000
20,020,000
20,020,000
21,660,000
135,415
135,415
135,415
156,248
-
99,698
99,698
-
99,698
-
48,777
20,415,325
42,365,326
3,948,612
46,313,938
40,885,108
617,382
-
2,302,319
-
2,302,319
2,376,558
-
124,523,697
124,523,697
3,691,789
128,215,486
124,085,977
-
5,147,927
-
5,147,927
4,298,512
(174,777)
(2,090,017)
-
(2,090,017)
(2,685,769)
4,593,097
737,540
5,330,637
17,043,379
-
153,006
153,006
178,958
-
-
1,191,680
1,739,263
1,739,263
2,875,073
-
-
9,394,977
1,050,877
10,445,854
(6,728,672)
442,605
124,523,697 -
145,611263
5,633,212
151,244,475
142,635,726
$ 491,382 $
124,523,697 S 20,415,325 S
187,976,589 $
9,581,824 $
197,558,413 $
183,520,834
5
1
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 JU NE 30, 1998 (with comparative totals for 1997)
'
Special
Debt
General
Revenue
Service
REVENUES:
Property taxes $
6,657,899 $
472,949 $
lntergovenumental:
State sources
1,530,321
1,156,884
Federal sources
1,208,754
5,657
Land sale proceeds
-
4,148,612
Severance taxes
931,695
-
Licenses, permits, fees and other local revenues
195,425
663,984
'
Investments and property
389,252
528,732
14,840
In -kind services
-
-
-
Total revenues
EXPENDITURES:
10,913,346
6,976,818
14,840
Current:
Borough assembly
129,212
-
-
Borough mayor
199,994
Borough clerk
282,769
'
Borough attorney
191,017
Finance department
606,413
Assessing department
295,230
Borough engineering & facilities department
86
Community development department
424,789
60,393
Building official
98,989
-
Economic development
68,251
-
General and administration
307,976
1,429,824
Emergency preparedness
2,366
-
School district support
602,666
-
Health and sanitation department
408,742
1,425,916
Education, culture and recreation
178,300
-
Capital outlay:
Schools
-
-
Service district maintenance
277,879
General
-
-
Debt service:
Principal
1,660,833
'
Interest
1,139,287
Fiscal agent fees
-
2,079
Total expenditures
3,796,800
3,193,012
2,802,199
Excess (deficienc)) of rcvenue over (under) expenditures
7,116,546
3,782,806
(2,787,359)
O "rHER FINANCING SOURCI[S (USES):
Operating transfers in from component unit
-
-
1,651,332
Operating transfers in from other funds
1,168,761
1,033,907
Operating transfers in from primary government
-
-
,
Operating transfers out to component unit
(4,804,000)
Operating transfers out to other funds
(2,792,282)
(609,001)
(113,105)
Operating transfers out to primary government
-
-
Net other financing sources (uses)
(7,596,282)
559,760
2,572,134
,
Excess (deficiency) of revenues and other financing
sources over (under) expenditures and other financing uses
(479,736)
4,342,566
(215,225)
FUND BALANCES, at beginning of year
2.048,941
5,052,411
809,888
'
Residual equity transfers in
-
-
Adjustments to reserve for fuel inventory
-
-
FUND BALANCES, at end of year $
1,569,205 $
9,394,977 $
594,663
I he accompanying notes are an integral part of these combined financial statements.
6
EXHIBIT 2
Totals
Component
129,212
110,699
Primary
Unit
Totals
194.574
Capital
Government
School
(Memorandum Only)
273,955
Projects
(Memorandum Only)
District
1998
1997
$ 7.130.848
$ $
7,130,848 $
5,294,025
3,787.280
6,474,485
17,105,217
23,579,702
20,546,113
3.080,735
4,295,146
3,526,856
7,822,002
4,149,976
-
4,148,612
-
4,148,612
2,459,762
-
931,695
-
931,695
845,638
254,310
1,113,719
374,646
1,488,365
1,457,550
190,677
1,123
-
1,123,501
1,481,248
-
-
795,622
795,622
819,588
7,313,002
25,218,006
21,802,341
47,020,347
37,053,900
129.212
129,212
110,699
199,994
199,994
194.574
282,769
282,769
273,955
191,017
191,017
125,258
606,413
606,413
560,870
295,230
295,230
323,492
86
86
-
485,182
485,182
504,047
98,989
98,989
83,920
68,251
68,251
71,684
1,737,800
1,737,800
1,473,200
2,366
-
2,366
4,410
602,666
24,764,333
25,366,999
23,939,862
1,834,658
-
1,834,658
2,895,765
-
178,300
178,300
163,300
668,790
668,790
668,790
451,471
-
277,879
277,879
287,636
7,768,730
7,768,730
7,768,730
9,299,212
-
1,660,833
1,660,833
1,565,833
1,139,287
1,139,287
1,237,938
-
2,079
2,079
2,058
8,437,520
18,230,531
24,764,333
42,994,864
43,569.184
(1,124,518)
6,987,475
(2,961,992)
4,025,483
(6.515.384)
1,651,332
1,651,332
2,718,131
1,731,720
3,934,388
-
3,934,388
5,756,949
-
-
4,864,000
4,864,000
3,995,000
(60,000)
(4,864,000)
-
(4,864,000)
(3,995,000)
(1,300,000)
(4,814,388)
(4,814,388)
(4,256,949)
-
(1,651,332)
(1,651,332)
(1,718,131)
371,720
(4,092,668)
3,212,668
(880,000)
2,500,000
(752,798)
2,894,807
250,676
3,145,483
(4,015,284)
4,921,290
23,932,888
1,727,918
25,660,806
26,121,052
-
-
-
-
1,405,646
-
(37,171)
(37,171)
21,348
$ 4,168,492 $
26,827,695 $
1,941,423 $
28,769,118 $
23.532,762
KODIAK ISLAND BOROUGH '
COMBINED STATEMENT OF REVENUES, EXPENDITURES, '
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
GENERAL FUND, SPECIAL REVENUE FUND AND DEBT SERVICE FUND ,
YEAR ENDED JUNE 30, 1998
REVENUES.
Property taxes
Intereovernmental.
State sources
Federal sources
Land sale proceeds
Severance taxes
Licenses, permits, fees and other local revenues
Investments and property
Total revenues
General Fund
Variance -
Favorable
Budget Actual (Unfavorable)
$ 6,631,560 $ 6,657,899 $ 26,339
1,535,520
1,530,321
(5,199)
1,280,200
1,208,754
(71,446)
1,073,000
931,695
(141,305)
491,520
195,425
(296,095)
440,000
389,252
(50,748)
11,451,800
10,913,346
(538,454)
EXPENDITURES:
(200,295)
Current:
("'38,749)
Borough assembly
133,560
129,212
Borough mayor
199,430
199,994
Borough clerk
279,940
282,769
Borough attorney
190,000
191,017
Finance department
655,000
606,413
Assessing department
313,710
295,230
Borough engineering & facilities department
-
86
Community development department
430,500
424,789
Building official
95,770
98,989
Economic development
68,000
68,251
General and administration
313,110
307,976
Emergency preparedness
5,500
2,366
School district support
273,875
602,666
I lealth and sanitation department
463,810
408,742
Education, culture and recreation
174,300
178,300
Capital outlay.
Service district maintenance
Debt service.
Principal
Interest
Fiscal agent fees
Other
-
Total expenditures
3,596,505
3,796,800
Excess (deficiency) of revenue over (under) expenditures
7,855,295
7,1 16,546
OTI IER FINANCING SOURCES (USES)
Operating transfers in from component unit
-
-
Operating transfers in from other funds
Operating transfers to component unit
(4,804,000)
(4,804,000)
Operating transfers out to other funds
(2,786,775)
(2,792,282)
Net other financing sources (uses)
(7,590,775)
(7,596,282)
Excess (deficiency) of revenues and other financing sources
over (under) expenditures and other financing uses
$ 264,520
(479,736)
FUND BALANCES, at beginning of year
2,048,941
FUND BALANCES, at end of the year
$
1,569,205
fhe accompanying notes are an integral part of these combined financial statements
8
4,348
(564)
(2,829)
(1,017)
48,587
18,480
(86)
5,711
(3,219)
(251)
5,134
3,134
(328,791)
55,068
(4,000)
(200,295)
'
("'38,749)
_
)
' s
(o,a07)
E
k
$ (744,256)
s
(
ti
a
EXHIBIT 3
73,120
1,390,391
2287,327
384,530
4,135.368
60,393
1,429,824
1,425.916
277,879
12,727
(39,433)
861,411
106,651
1,660,840
1,139,300
5,000
1,660,833 7
1,139,287 13
2,079 2,921
- 4,700
3 782 806 328 737 1 739 8401 1 7873591 1 47519 1
Special Revenue Funds
Debt Service Funds
1,651,332
11,762
Variance-
Variance -
730,161
1,028,400
Favorable
Favorable
Budget
Actual
(Unfavorable)
Budget Actual (Unfavorable)
$ 454,680
1 472,949
$ 18,269 $
$ $
1,106,427
1,156,884
50,457
(95,836)
5,500
5,657
157
(71,870)
4,147,500
4,148,612
1,112
5,052,411
1,240,040
663,984
(576,056)
635,290
528,732
(106,558)
70,000 14,840 (55,160)
7,589,437
6,976,818
(612,619)
70,000 14,840 (55,160)
73,120
1,390,391
2287,327
384,530
4,135.368
60,393
1,429,824
1,425.916
277,879
12,727
(39,433)
861,411
106,651
1,660,840
1,139,300
5,000
1,660,833 7
1,139,287 13
2,079 2,921
- 4,700
3 782 806 328 737 1 739 8401 1 7873591 1 47519 1
Z,
1,639,570
1,651,332
11,762
438,600
1,168,761
730,161
1,028,400
1,033,907
5,507
(610,820)
(609,001)
1,819
-
(113,105)
(113,105)
(172,220)
559,760
731,980
2,667,970
2,572,134
(95,836)
$ 3,281,849
4,342,566 $
1,060,717 $
(71,870)
(215,225) $
(143,355)
5,052,411
809,888
$
9,394,977
$
594,663
Z,
1
KODIAK ISLAND BOROUGH
EXHIBIT 4
COMBINED STATEMENT OF REVENUES, EXPENSES,
TRANSFERS
'
AND CHANGES IN RETAINED EARNINGS
t
PROPRIETARY FUND "TYPES
YEAR ENDED JUNE 30, 1998 (w ith comparative totals for 1997)
'
i
Totals
Reporting Entity
(Memorandum Only)
,
Internal
Enterprise
Service
1998
1997
OPERATING REVENUES:
Solid waste collection $
1,539,677 $
$
1,539,677 $
1,593,818
Solid waste disposal
870,753
870,753
741,941
'
State sources - revenue sharing
70,751
70,751
-
Charges for services /customer charges
51,270
662,543
713,813
687,683
Lease proceeds
720,000
-
720,000
120,000
Other
26,742
-
26,742
16,568
'
3,279,193
662,543
3,941,736
3,160,010
s
OPERATING EXPENSES:
1
Personnel services
349,450
432,619
782,069
773,908
'
Solid waste collection
1,163,688
-
1,163,688
1,110,129
Contracted services
288,120
-
288,120
247,268
Repairs and maintenance
33,415
84,603
118,018
57,652
Landfill closure and postclosure costs
227,512
-
227,512
(246,629)
Depreciation
697,911
88,859
786,770
286,859
'
Professional services
-
-
102,097
Supplies
-
45,129
45,129
32,958
General and administration
196,962
62,668
259,630
234,946
Medicaid refund
163,140
163,140
-
'
Telephone services
185,776
185,776
Recycling services
68,009
68,009
11,058
Contributions
50,536
50,536
74,907
3,424,519
713,878
4,138,397
2,685,153
operating income (loss)
(145,326)
(51,335)
(196,661)
474,857
OTHER INCOME (EXPENSES)
Loss on sale of assets
(10,940)
(10,940)
(1,288)
Interest income
244,265
244,265
8,591
Interest expense
(395,151)
(395,151)
(249,991)
Net income (loss) from continuing operations
(307,152)
(51,335)
(358,487)
232,169
,
TRANSFER (TO) FROM OTHER FUNDS:
Operating transfers in from other funds
1,300,000
1,300,000
-
Operating transfers out to other funds
(420,000)
(420,000)
(1,500,000)
Operating transfers in from component units
-
-
-
726,797
Operating transfers out to primary government
-
-
-
11,726,797)
,
Net other financing sources (uses)
880,000
880,000
(2,500,000)
Income from discontinued operations
1.295,093
Loss on disposal of component unit hospital
-
-
(74,971)
'
Atnonizanon of conh'tbutlons in aid of cunslructiun
74,239
-
74.23
276,805
I
Increase (decrease) in retained earnings
647,087
(51,335)
595,752
(770,904)
,
Retained earnings (deficits) at beginning of year
(2,562,327)
(123,442)
(2,685,769)
1,487,657
f
Transfer of sewer and water funds to the
City of Kodiak
(1,409,757)
'
Residual equity transfer out
(1,992,765)
Accumulated deficits at end ofyear $
(1,91 $
(174,777) $
(2,090,017) $
(2,685,769)
'
The accompanying notes are an integral part of these combined financial statements.
10
KODIAK ISLAND BOROUGH cxu/uccs
COMBINED STATEMENT uF CASH FLOWS
PROPRIETARY FUND TYPES
YEAR ENDED JUNE 30 |vvo ix comparative totals Ior 1997)
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215,7.8
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N�.-^ *i-^=
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(4 5) 7" 1)--_7417W�-_(385e89)-_-__2,115
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(489,746
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68631
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-_2 10 NIX, _----�_---IWIlm._-----251
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--_129,276_--81.106-_-2io
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'149 561
I �
KODIAK ISLAND BOROUGH
NOTES TO THE COMBINED FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 1998
NOTE 1: SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES
A. Reporting Entity
The Kodiak Island Borough (Borough) 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 units, entities for which the government is
considered to be financially accountable. Each
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 two
organizations are component units.
Kodiak Island Borough School District: The
Borough has delegated the operating responsibility for
public education to the Kodiak Island Borough School
District (School District). In accordance with statutes,
the Borough retains ownership of the 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. The
Borough levies and collects taxes for the School
District.
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.
Certain 1997 balances have been reclassified to
conform to the current year presentation.
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 are
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.
12
I �,
r�l
Property taxes, franchise taxes, severance taxes,
licenses, interest and special assessments 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.
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 applies all applicable Financial Accounting
Standards Board (FASB) pronouncements in
accounting and reporting for its proprietary operations.
Proprietary funds include the following fund types:
Enterprise fiords are used to account for those
operations that are financed and operated in a manner
similar to private business or where the board has
decided that the determination of revenues earned, costs
incurred and /or net income is necessary for
management accountability.
The internal service fund accounts for operations that
provide services to other departments or agencies of the
government on a cost - reimbursement basis.
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 1 st.
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 severance
tax revenues are recognized in the fiscal year in which
they become measurable and available.
13
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 Revenues
and the State of Alaska Department of Fish & Game.
For rock, gravel, and timber, the assessing office
periodically does a site review of the mining /logging
area to determine the reasonableness of gross amounts
reported on the severance tax returns.
lnteruovernmental 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 Property Amounts
earned on investment of available cash balances and the
rental of building facilities are recorded in the period to
which they relate, including accrual at year -end of the
balance due, 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 -tern 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 Mayor must submit to the Borough Assembly
by April 30 a proposed operating budget for the
fiscal year commencing the following July 1. The
operating budget includes proposed expenditures
and the means of financing them.
2. Public hearings are conducted by the Borough
Assembly to obtain citizen comments.
3. By June 10, the budget is legally enacted through
passage of an ordinance by Borough Assembly
action. If the Borough Assembly fails to pass an
ordinance, the budget submitted by the Mayor
becomes the adopted budget.
d. Amendments to the budget can occur anytime
during the fiscal year through the Borough
Assembly or administrative action. Generally, the
following actions are required at the level of the
particular change:
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.
14
8. Budgets adopted b the Borough Assembly are in
b r y s }
accordance with generally accepted accounting
principles.
9. Additional appropriations for certain funds were
enacted during the year.
School District Annual budgets are adopted by the
School Board for all revenues, expenditures and
interfund transfers. Budgets are prepared and presented
on the modified accrual basis of accounting. Pursuant
to Alaska Statutes, the adopted budget is submitted to
the Borough Assembly for review and approval. The
Borough Assembly is required 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. In the year ended June 30, 1998, there were
two formal budget revisions to adjust the revenues and
expenditures to available resources and program needs.
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
I 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 -tern interfund
advances /borrowings. See Note 8 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, 1998 there are no significant amounts of such
inventories on hand. The Hosptital Enterprise Fund
also has at June 30, 1998 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 18), 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 (PERS) or the Alaska
Teachers' Retirement System (TRS). 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 fiends record annual vacation leave as earned.
E. Cash Flows
All highly- liquid investments, including restricted
assets, with original maturities of three months or less
are considered cash equivalents for purposes of the
statement of cash flows. This includes equity in central
treasury and other cash and cash equivalents and also
temporary investments and equity in central treasury
which are classified as "restricted assets."
15
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.
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.
Deposits At June 30, 1998, the carrying amount of
the Borough's and Component Unit's deposits were
$3,480,393 and the bank balances were $4,624,870.
The year end bank balances are 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 $4,030,000, is held in the
Borough's name at State Street Bank, as custodian for
the Borough.
Investments Statutes authorize the Borough to invest
in obligations of the United States, the State of Alaska
and its political subdivisions, savings accounts,
certificates of deposit, banker's acceptances, repurchase
agreements and such other legal security instruments.
The Borough Code requires all investments to be
collateralized and/or insured. Collateral pledged on
investments is required to be held for the Borough by a
third -party bank.
In accordance with Governmental Accounting
Standards Board Statement No. 3 (GASB 3)
investments are categorized as follows: Category 1
includes investments that are insured, or registered or
for which the securities are held by the Borough or its
agent in the Borough's name; category 2 includes
uninsured and unregistered investments for which the
securities are held by the counterparty's trust
department or agent in the Borough's name; category 3
includes uninsured and unregistered investments for
which the securities are held by the counterparty, or by
its trust department or agent but not in the Borough's
name. The carrying amount of temporary investments
approximates fair value. At June 30, 1998, the
Borough's investment balances were categorized as
follows:
Category Carrying
1 2 3 Amount
U.S. Government Securities $ 6,078,881 $ - $ - $ 6,078,881
Certificate of Deposit 100,000 - 11,212 111,212
$ 6,178,881 $ - $ 11,212 6,190,093
Municipal League Investment Pool 2,137,721
Total Investments $ 8,327,814
'['he above deposits of $3,480,393 and investments of
$8,327,814 totaling $1 1,808,207 are reported under the
following captions in the combined financial
statements:
Equity in central treasury $ 3,480,393
Temporary investments 8,327,814
Total deposits and investments $ 11,808,207
For the fiscal year ended June 30, 1998 the Borough
adopted Governmental Accounting Standards Board
Statement No. 31, Accounting for Certain Investments
and for External Investment Pools. The Borough now
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. Borough
management believes that the cumulative effect on fund
balance upon adoption is immaterial to the general
purpose financial statements as a whole, and therefore
no cumulative effect has been recorded, and prior year
0
balances have not been restated to conform with current
year presentation.
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, and snow
removal services.
These are reflected as in -kind services in the financial
statement of the School District.
NOTE 4: RETIREMENT COMMITMENTS
The Borough and School District component unit
participate in the Alaska State Teachers' Retirement
System (TRS), a cost- sharing, multiple - employer
pension plan that covers the School District's
certificated employees, and the Alaska Public
Employees' Retirement System (PERS), that covers
most of the employees not covered by TRS. 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 11 -0203,
Juneau, Alaska 99811 -0203.
A. PERS
Plan description: As of June 30, 1998, all regular
employees of the Borough who work more than fifteen
hours per week participate in the Alaska Public
Employees' Retirement System (PERS). PERS is an
agent multiple - employer, statewide defined benefit
plan, administered by the State of Alaska. Employees
hired prior to July 1, 1986 with five or more years of
credited service are entitled to annual pension benefits
beginning at normal retirement age 55 or early
retirement age 50. For employees hired after June 30,
1986, the normal and early retirement ages are 60 and
55, respectively. The normal pension benefit is equal
to 2% of the member's three highest average monthly
compensation for the first ten years of service, 2 -1/4%
for the second ten years of service and 2 -1/2% for all
remaining years of service. All service earned prior to
July 1, 1986 will be calculated using the 2% multiplier.
Employees with 30 or more years of credited service
(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% of their annual
covered salary and the Borough is required to
contribute an actuarially determined rate - the current
rate is 6.91% of annual covered payroll.
Annual pension cost: For the year ended
June 30, 1998, the Borough's annual pension cost was
$180,700 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, 1996. Significant actuarial
assumptions used in the valuation include: (a) a rate of
return on the investment of present and future assets of
8.25% per year compounded annually and (b) projected
salary increases of 5.5% a year for the first five years of
employment and 4.5% per year thereafter, with
distinction made between amounts for inflation (4.0 %),
merit for the first five years (1.0 %), and productivity
(0.5 %). 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 25 years. The
percentage of pay method is used for amortization
purposes.
Three -year trend information for PERS
Annual Percentage Net
Year pension of APC pension
ended cost (APC) contributed obligation
6/30/96 $ 387,000 100% $ -
6/30/97 370,000 100% -
6/30/98 180,700 100% -
B. Component Unit Retirement Commitments
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.
S
1
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, 1998, 1997 and 1996, the School
District's annual pension cost was $184,000, $335,000
and $355,000 and equal to the required and actual
contributions.
TRS is a cost - sharing, multiple- employer defined
benefit plan. 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% 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, 1998, 1997 and 1996, the
School District's annual pension cost was $1,317,000,
$1,303,000, and $1,256,000, which was equal to the
required and actual contribution.
C. Required Supplementary Information - Schedule of Funding Progress for PERS
(Dollar amounts in thousands for the primary government only)
NOTE 5: FIXED ASSETS
A summary of changes in the General Fixed Assets Account Group for the year ended June 30, 1998 follows:
July I, 1997
Additions
Deductions June 30, 1998
Government
Excess
Actuarial
Actuarial
Excess
$ - $ 5,397,389
Buildings
(deficiency) as a
Actuarial
value of
accrued
(deficiency)
Funded
Covered
percentage of
valuation
assets
liability (AAL)
of assets
ratio
payroll
covered payroll
date
(a)
(b)
(a -b)
(a/b)
(c)
((a -b) /c)
6/30/95
$ 5,697
$ 5,746
$ (49)
99%
$ 2,897
(1.7 %)
6/30/96
6,159
5,894
265
104%
3,042
8.7%
6/30/97
7,988
7,288
700
110%
3,179
22.0%
NOTE 5: FIXED ASSETS
A summary of changes in the General Fixed Assets Account Group for the year ended June 30, 1998 follows:
$ 120,635,650 $ 7,553,424 $ 3,665,377 $ 124,523,697
18
July I, 1997
Additions
Deductions June 30, 1998
Government
Land
$ 5,397,389
$ -
$ - $ 5,397,389
Buildings
88,300,021
118,004
- 88,418,025
Improvements other than buildings
846,690
11,770
- 858,460
Machinery and equipment
1,423,068
120,384
39,569 1,503,883
Construction work -in- progress
24,668,482
7,303,266
3,625,808 28,345,940
$ 120,635,650 $ 7,553,424 $ 3,665,377 $ 124,523,697
18
The following is a summary of Proprietary Fund fixed assets at June 30, 1998:
Internal
Enterprise Service
Funds Fund
Land and improvements $ 32,266 $ -
Building and improvement 6,788,691 -
Equipment 6,177,412 980,897
Work in process 11,906,168 -
24,904,537 980,897
Less: accumulated
depreciation (6,575,685) (593,605)
Net fixed assets $ 18,328,852 $ 387,292
Depreciation lives for Proprietary Fund fixed assets are as follows:
Building and improvements 15 -50 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.
M
NOTE 6: LONGTERM DEBT
The following is a summary of long -term debt for the year ended June 30, 1998:
Interest Principal Payments
Issue Maturity
Type ol'Debt Rates Dates Date Dates Dates Anwunt
Environmental Protection Agency
Asbestos Abatement Loan 0.0% * 6/20/85 11/8/05 12/31/98 $ 10,411
06/30 and 12/31
1998 thru 2004 12 x 10,417
General Obligation School
Refunding Bonds - 1989 Series
6.6 -8.0%
8/1 -2/1
5/1/89
8/1/00
8/1/98
1,015,000
8/l/99
1,080,000
8/l/00
1,155,000
3,250,000
General Obligation
Bonds - 1993 Series
3.90 -7.00%
8/15 -2/15
11/15/93
2/15/06
2/15/99
730,000
2/15/00
760,000
2/15/01
790,000
2/15/02
825,000
2/15/03
860,000
2/15/04
900,000
2/15/05
940,000
2/15/06
980,000
6,785,000
General Obligation
Bonds - 1994 Series
5.40 -5.50%
8/15 -2/15
11/15/93
2/15/14
2/15/07
1,030,000
2/15/08
1,085,000
2/15/09
1,145,000
2/15/10
1,205,000
2/15/11
1 ,270,000
2/15/12
1,340,000
2/15/13
1,415,000
2/15/14
1,495,000
9,985,000
Accrued annual leave
0.00%
160,212
State of Alaska
ADFC loans
3.92 - 4.05°/
**
**
**
**
99,698
$ 20,415,325
* Interest free unless delinquent, then 7% plus fees and penalties.
** "I'hese 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.
20
Authorized
Fiscal
Year Amount
Prior Years Current Year
Balance at
Issued Retired July 1, 1997 Issued
Balance at
Retired June 30, 1998
1981
$ 375,000 $
375,000 $
218,752 $
156.248 $
$ 20,833
$ 135,415
1989
10,000,000
10,000.000
5,805,000
4,195,000
945,000
3,250,000
1994 9,215,000 9,215,000 1,735,000 7,480,000 695,000 6,785,000
1994 9,985,000 9,985,000 9,985,000 - - 9,985,000
1998 250,779 186,334 276,901 160,212
1998 400,000 - - - 99,698 - 99,698
$ 29,975,000 $ 29,575,000 $ 7,758,752 $ 22,067,027 $ 286,032 $ 1,937,734 $ 20,415,325
21
$ 2 $ 135,415 $ 28, 940,154
The amount of $432,942 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.
NOTE 7: LONG -TERM INTERFUND BORROWINGS
In October the Facilities Special Revenue Fund loaned $8,000,000 to the Hospital Facilities Enterprise Fund. The
loans from the Facilities Special Revenue Fund is accounted for as a long -term interfund advance, while the liability
in the Hospital Facilities 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 %, and the
scheduled payments for the next five fiscal year and thereafter are as follows:
June 30,
Principal
Interest
Total
1999
The annual requirements to amortize
all general obligation bonded debt and
the EPA loan payable outstanding as of
2000
June 30, 1998, including interest payments
of $8,784,739 on the general obligation
debt, are as follows:
2001
225,000
General
EPA Loan
2002
240,000
'
June 30,
Obl igation
Paya
To tal
i
1999
$ 2,780,416
$ 20,833
$ 2,801,249
i
2000
2,774,398
20,833
2,795,231
2001
2,770,663
20,833
2,791,496
2002
1,577,058
20,833
1,597,891
2003
1,576,170
20,833
1,597,003
Thereafter
17,326,034
31,250
17,357,284
i
$ 2 $ 135,415 $ 28, 940,154
The amount of $432,942 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.
NOTE 7: LONG -TERM INTERFUND BORROWINGS
In October the Facilities Special Revenue Fund loaned $8,000,000 to the Hospital Facilities Enterprise Fund. The
loans from the Facilities Special Revenue Fund is accounted for as a long -term interfund advance, while the liability
in the Hospital Facilities 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 %, and the
scheduled payments for the next five fiscal year and thereafter are as follows:
June 30,
Principal
Interest
Total
1999
$ 195,000
$ 553,175
$ 748,175
2000
210,000
539,000
749,000
2001
225,000
523,775
748,775
2002
240,000
507,500
747,500
2003
255,000
490,175
745,175
Thereafter
6,875,000
4,205,775
11,080,775
$ 8,000,000 $ 6,819,400 $ 14,819,400
NOTE 8: CAPITAL LEASE OBLIGATIONS
The Hospital Enterprise Fund leases various equipment under long -term lease agreements at nominal annual interest
rates ranging from 6.14 percent to 8.775 percent. The initial cost of such equipment included in fixed assets at
June 30, 1998, is approximately $2,446,065. Accumulated amortization on the leased equipment is approximately
$820,785 at June 30, 1998.
1 .
The minimum required lease payments under the capital leases for the next five years are as follows
Fiscal year
end June 30,
1998
$ 437,619
1999
437,619
2000
433,124
2001
246,987
Thereafter
-
Less amount representing interest (169,856)
a ►,.)0-)"F 7J
NOTE 9: NOTE PAYABLE
As of June 30, 1998, the Borough had the following note payable outstanding in an enterprise fund:
Note payable to Signet Leasing and Finance
Corporation, due in monthly installments
of $57,693, including interest (at an effective
annual rate of 6.4 %); secured by equipment $ 2,973,652
Less current portion of note payable 523,349
$ 2,450,303
Future required minimum principal payments at June 30, 1998 are as follows:
Fiscal year
end June 30.
1999
$ 523,349
2000
556,624
2001
592,015
2002
629,656
2003
672,008
$ 2,973,652
NOTE 10: CAPITAL PROJECT FUNDS CONSTRUCTION COMMITMENTS
A summary of Capital Projects Funds construction commitments at June 30, 1998 follows:
Various Borough Projects $ 986,569
Hospital Bond Improvements 14,500
State Capital Grants 2,063,223
Kodiak Fisheries Research Center 1,
$ 4,593,098
Resources are presently available or committed to finance construction commitments at June 30, 1998, for all funds,
inclusive of those resources appropriated at year -end.
23
�
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 18), and a 911 Services Fund. Segment financial data as of and for the year ended June 30, 1998, for
those funds are as follows:
Municipal Solid
Waste Collection
and Disposal
Operating revenues $
Depreciation expense
Operating income (loss)
Net income
Amortization of contributions in
aid of construction
Property, plant and equipment
additions
Net working capital
Total assets
Total equity
Kodiak
Hospital Fisheries
Facilitie 911 Servic Research Cen Total
2,420,207 $ 807,716 $ 51,270 $ - $ 3,279,193
113,936 583,975 - - 697,911
(50,962) 39,872 (134,506) - (145,596)
(50,435) (296,070) (134,506) 173,859 (307,152)
74,239
7,255
344,695
2,615,279
234,298
NOTE 12: DEFERRED COMPENSATION PLAN
74,239
2,182,439 -
- 2,189,694
(11,637) (40,914)
(246,141) 46,003
9,487,531 10,669
8,000,000 20,113,479
4,970,381 (40,914)
(246,141) 4,917,624
Tile Kodiak Island Borough has a deferred compensa-
tion 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, 1998, was
$115,572.
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
Accowabig arc! Reporling 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 of the Alaska Municipal
League Joint Insurance Association (JIA), a
governmental insurance pool established by the Alaska
Municipal League. The JIA provides the Borough
coverage 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.
L�
1
24
NOTE 14: INDIVIDUAL FUND DISCLOSURES
Interfund Receivables and Payables
A summary of interfund receivables and payables at June 30, 1998, is as follows:
n ,.,.-
General Fund
Special Revenue Funds -
Kodiak Airport Fire District
Womens Bay Fire Department
Monashka Bay Road Service Area
Road Service District No. 1
Womens Bay Service Area
Mental Health Center
Coastal Management
Child Care Assistance Program
Land Sales
Building and Grounds
Kodiak Arts Council
Facilities Fund
Kodiak Transit Authority
L.E.P.C.
Capital Project Funds -
Various Borough Projects
State Capital Grants
School Bond Improvements
Kodiak Fisheries Research Center
Enterprise Funds -
Municipal Solid Waste Collection and Disposal
Hospital Facilities
911 Services
Kodiak Fisheries Research Center
Component Units -
School District
235,000
8,505,200
225,000
119,141
290,000
500,000
$ 1,669,638
200
150,000
40,000
35,000
50,000
170,000
20,000
125,000
10,000
25,000
200,000
790,000
13,000
8,246,141
691,110
$ 12,235,089
As of June 30, 1998, the Kodiak Fisheries Research Center Enterprise Fund has borrowed $8.0 million from the
Facilities Special Revenue Fund. See Note 8 for additional information regarding the interfund borrowings.
25
Fund Deficits and Accumulated Deficits:
The fund deficits and accumulated deficits at June 30, 1998, are as follows:
Special Revenue Funds:
Mental Health Center
Coastal Management
Land Sales
Kodiak Transit Authority
Kodiak Arts Council
Buildings and Grounds
Capital Projects Funds:
School Bond Improvements
State Capital Grants
Enterprise Fund:
Municipal Solid Waste Collection and Disposal
Hospital Facilities
911 Services
Kodiak Fisheries Research Center
Internal Service Fund:
Management Information System
79,197
147
73,641
22,053
2,330
171,569
183,252
26,695
1,450,639
177,546
40,914
246,141
Management intends to fund the Special Revenue Funds deficits in fiscal year 1999 through transfers from other
funds and fund the deficit in the Enterprise Fund through an increase in service charges.
Transfers
Interfund operating transfers and transfers from component units 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, 1998, were as follows:
26
Transfers In
School
Special
Debt
Capital
District
Transfers General
Revenue
Service
Projects
Enterprise
Component
Fund Types
Out Fund
Funds
Funds
Funds
Funds
Unit
General Fund
$ 7,596,282 $
$ 637,475
$ 1,033,907
$ 1,120,900
$
$ 4,804,000
Special Revenue Funds
609,001
-
-
609,001
-
Debt Service Funds
113,105
113,105
-
-
Capital Projects Funds
1,360,000
-
1,300,000
60,000
Enterprise Funds
420,000
420,000
-
-
Component Unit
Hospital
-
-
-
School District
1,651,332
1,651,332
-
Total Transfers
$ 11,749,720 $
$ 1,170,580
$ 2,685,239
$ 1,729,901
$ 1,300,000
$ 4,864,000
26
Excess of Expenditures Over Appropriations
General Fund
The following departments' expenditures exceeded their appropriations
Department
Excess
Borough mayor
$ 564
Borough clerk
2,829
Borough attorney
1,017
Borough engineering& facilities department
86
Building official
3,219
Economic development
251
School district support
328,791
Education, culture and recreation
4,000
$ 340,757
Special Revenue Funds
The following funds' expenditures exceeded their appropriations:
Fund
Excess
Kodiak Airport Fire District
$
144
Bay View Road Service Area
2,323
Buildings and Grounds
4,761
Kodiak Transit Authority
223,089
$
230,317
Proprietary Funds' reconciliation of contributed capital for the year ended June 30, 1998, is as follows:
Enterpris Funds
Municipal Solid
Internal
Waste Collection
Hospital
Service
and Disposal
Facilities
Fund
Contributed capital at beginning of year
$ 1,759,176
$ 4,298,512
$ 617,382
Amortization of contributions in
aid of construction
(74,239)
Contributions in aid of construction
received from private sources
-
849,415
-
Contributed capital at end of year
$ 1,684,937
$ 5,147,927
$ 617,382
27
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 $2,200,131 as of June 30, 1998, which is
based on 53% usage (filled) of the landfill. The landfill
is estimated to be filled and unusable by the year 2001.
Of the total liability at June 30, 1998, an increase of
$224,284 was recorded in the current year based on
current year usage and changes in estimates. An
estimated additional $1,914,689 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
$4,115,000 is based on the amount that would be paid
if the landfill were closed as of June 30, 1998.
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 environmental engineer. 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 $8
million in fiscal year 1996, and $2,194,266 in fiscal
year 1997, and $4,000 in fiscal year 1998, and will
receive the balance of the sale in the following
payments:
October I
1998
4,000,000
1999
4,000,000
2000
4,000,000
2001
4,000,000
2002
11,805,734
$6 million of the proceeds will be 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: CONTINGENCIES
Litigation
General
The Borough, in the normal course of its activities, is
involved in various claims and pending litigation. In
the opinion of management, the disposition of the
claims and litigation is not presently expected to have a
material adverse effect on the Borough's financial
statements. In addition, management believes that all
the material risks to which the Borough may be
exposed have been adequately insured via joint pool
and commercial insurance.
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.
28
NOTE 18: 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 Alaska Medical
Center, 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.
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 is
responsible for 50% of operating losses of the hospital
if any.
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.
NOTE 19: SUBSEQUENT EVENT
Change in Form of Government
At the October 7, 1997, general election, the voters of
the Kodiak Island Borough passed an Ordinance that
changed the form of government from a mayor plan of
government to a manager plan of government. This
change will become effective on October 19, 1998.
0
1 29
1
C II
GENERAL FUND
1
t
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.
KODIAK ISLAND BOROUGH
GENERAL FUND
BALANCE SHEETS
AS OF JUNE 30, 1998 AND 1997
EXHIBIT A -I
TOTAL $ 3,556,929 $ 3,750,978
31
1998
1997
ASSETS
Equity in central treasury
$ 667,288
$ 46,299
Temporary investments
2,234,133
3,208,202
Accounts receivable
179,325
210,998
Due from State of Alaska
116,053
66,556
Property taxes:
Delinquent taxes
353,855
173,861
Allowance for uncollectible delinquent taxes
(15,828)
(15,828)
Accrued interest
22,103
60,890
TOTAL
$ 3,556,929
$ 3,750,978
LIABILITIES AND FUND BALANCE
LIABILITIES:
Accounts payable
$ 181,642
$ 236,780
Payroll taxes and employee benefits
85,054
24,009
Other accrued liabilities
27,066
1,723
Due to the City of Kodiak
24,324
-
Due to component units
1,669,638
1,359.525
Due to other funds
-
80,000
Total liabilities
1,987,724
1,702,037
FUND BALANCE:
Unreserved - designated for subsequent year expenditures
1,569,205
2,048,941
Total fund balance
1,569 205
2,048,941
TOTAL $ 3,556,929 $ 3,750,978
31
KODIAK ISLAND BOROUGH EXHIBIT A -2
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
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 coning 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
304,220
304,222
Variance -
331,009
217,240
200,898
Favorable
1997
Budget
Actual
(Unfavorable)
Actual
$ 5,308,110
$ 5,309,998
$ 1,888 $
3,703,967
998,450
986,458
(11,992)
705,701
165,000
202,595
37,595
187,339
160,000
158,848
(1,152)
139,392
6,631,560
6,657,899
26,339
4,736,399
740,000
742,952
2,952
566,243
9,250
9,342
92
7,360
323,750
179,401
(144,349)
272,035
1,073,000
931,695
(141,305)
845,638
304,220
304,222
2
331,009
217,240
200,898
(16,342)
231,102
989,760
994,768
5,008
1,349,834
16,000
18,866
2,866
16,387
8,000
11,567
3,567
10,622
300
-
(300)
152
1,535,520
1,530,321
(5,1
1,939,106
450,000
433,50.1
(16,496)
456,929
830,200
775,250
(54,950)
237
1,280,200
1,208,754
(71,446)
457,166
2,815,720
40,000
5,500
2,070
33,000
491,520
440,000
2,739,075
60,686
6,205
932
30,156
(76,645) 2,396,272
20,686
33,882
705
2,830
(1,138)
2,008
(2,844)
37,871
195,425 (296,095) 108,483
389,252
(50,7-48)
(538,454)
371,41-4
11,451,800 10,913,3
8,458,206
(ContAufect)
32
KODIAK ISLAN BOROUGH
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparati totals for 1997)
EXHIBIT A -2, continued
EXPENDITURES:
Borough assembly
Borough mayor
Borough clerk
Borough attorney
Finance department
Assessing department
Borough engineering & facilities department
Community development department
Building official
Economic development
General and administration
Emergency preparedness
School district support
Health and sanitation department
Education, culture and recreation
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
Total financing uses
Excess (deficiency) of revenues and
transfers in over expenditures
and transfers out
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
$ 1,569,205
$ 2,048,941
3 3
1998
Variance -
Favorable
1997
Budget
Actual
(Unfavorable)
Actual
$ 133,560
$ 129,212
$ 4,348
$ 110,699
199,430
199,994
(564)
194,574
279,940
282,769
(2,829)
273,955
190,000
191,017
(1,017)
125,258
655,000
606,413
48,587
560,870
313,710
295,230
18,480
323,492
-
86
(86)
-
430,500
424,789
5,711
423,769
95,770
98,989
(3,219)
83,920
68,000
68,251
(251)
71,684
313,110
307,976
5,134
323,143
5,500
2,366
3,134
4,410
273,875
602,666
(328,791)
263,472
463,810
408,742
55,068
585,806
174,300
178,300
(4,000)
163,300
3,596,505
3,796,800
(200,295)
3,508,352
7,855,295
7,116,546
(738,7.19)
4,949,854
-
-
9,672
(2,786,775)
(2,792,282)
(5,507)
(1,887,810)
(4,804,000)
(4,804,000)
(3,995,000)
(7,590,775)
(7,596,282)
(5,507)
(5,873,138)
$ 264,520
(479,736)
$ (744,256)
(923,284)
$ 1,569,205
$ 2,048,941
3 3
KODIAK ISLAND BOROUGH
EXHIBIT'A -3
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
(continued)
34
Variance -
Favorable
1997
Budget
Actual
(Unfavorable)
Actual
EXPENDITURES:
Borough assembly:
Personnel services
$ 16,800 $
16,800
$ - $
16,800
Fringe benefits
1,160
1,838
(678)
1,855
Support goods and services
55,600
50,371
5,229
41,352
Political lobbyist
60,000
60,203
(203)
50,692
Total
133,560
129,212
4,348
110,699
Borough mayor:
Personnel services
120,580
124,868
(4,288)
123,487
Fringe benefits
36,620
35,306
1,314
36,810
Support goods and services
42,230
39,820
2,410
34,277
Total
199,430
199,994
(564)
194,574
Borough clerk:
Personnel services
137,310
147,451
(10,141)
132,776
Fringe benefits
44,090
40,189
3,901
43,303
Support goods and services
98,540
91,542
6,998
97,876
Capital outlay
-
3,587
(3,587)
-
Total
279,940
282,769
(2,829)
273,955
Borough attorney:
Legal fees
150,000
152,223
(2,223)
92,063
Support goods and services
40,000
38,794
1,206
33,195
Total
190,000
191,017
(1,017)
125,258
Finance department:
Personnel services
385,710
367,550
18,160
369,296
Fringe benefits
115,880
101,257
14,623
117,945
Support goods and services
212,850
206,552
6,298
155,338
Capital outlay
2,500
8,072
(5,572)
8,601
Allocated to projects
(61,940)
(77,018)
15,078
(90,310)
Total
655,000
606,413
48,587
560,870
Assessing department.
Personnel services
211,990
209,078
2,912
210,231
Fringe benefits
60,950
52,075
8,875
62,026
Support goods and services
66,770
60,077
6,693
47,291
Capital outlay
-
-
-
7,944
Allocated to projects
(26,000)
(26,000)
-
(4,000)
Total
313,710
295,230
18,480
323,492
(continued)
34
KODIAK ISLAND BOROUGH
EXHIBIT A -3, continued
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
(conlin:rc(l)
35
Variance -
Favorable
1997
Budget
Actual
(Unfavorable)
Actual
Borough engineering and facilities department:
Personnel services $
147,260
$ 89,675
$ 57,585 $
144,488
Fringe benefits
41,140
21,524
19,616
41,703
Contracted services
5,000
-
5,000
4,414
Support goods and services
80,750
73,192
7,558
66,380
Capital outlay
2,000
-
2,000
1,350
Allocated to projects
(276,150)
(184,305)
(91,845)
(258,335)
Total
-
86
(86)
-
Community development department:
Personnel services
288,935
288,067
868
301,972
Fringe benefits
80,850
73,398
7,452
89,033
Contracted services
150
150
-
-
Support goods and services
74,950
77,654
(2,704)
66,603
Capital outlay
615
520
95
4,653
Allocated to projects
(15,000)
(15,000)
-
(38,492)
Total
430,500
424,789
5,711
423,769
Building official:
Contracted services
90,900
93,934
(3,034)
79,343
Support goods and services
4,870
5,055
(185)
4,577
Total
95,770
98,989
(3,219)
83,920
Economic development:
General services:
Personnel services
-
120
(120)
40
Fringe benefits
-
35
(35)
26
Contracted services
16,000
16,096
(96)
20,851
Support goods and services
-
-
-
767
Contributions:
City of Kodiak
14,000
14,000
-
Alaska Ocean Seas & Fisheries
5,000
5,000
-
Kodiak Chamber of Commerce
33,000
33,000
30,000
Kodiak Convention Bureau
-
-
-
20,000
Total
68,000
68,251
(251)
71,684
General and administration:
Personnel services
46,060
46,592
(532)
37,692
Fringe benefits
52,860
76,807
(23,947)
65,970
Professional fees
106,400
83,526
22,874
111,391
Support goods and services
107,790
101,051
6,739
108,090
Total
)13,110
307,976
5,134
323,143
(conlin:rc(l)
35
KODIAK ISLAND BOROUGH
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
EXHIBIT A -3, continued
Emergency preparedness:
Support goods and services
Capital outlay
Total
School district support:
Data processing
Mental health services
Audit expense
Support goods and services
Total
Health and sanitation department:
Emergency Medical Services
Animal Control
Council on Alcoholism
State Health Services Villages
State Health Services KANA
Women's Resource Crisis Center
American Red Cross
Kodiak Baptist Mission
Small World (Day Care)
Special Olympics
Health Center Support
Senior Citizen Support
Kodiak Respite Care
Rainbow Child Care Center
Salvation Army
Brother Francis Shelter
City Prisoners Hospital Care
Emergency Travel
Data Processing
Ambulance Service
'Dotal
1998
Variance -
Favorable 1997
Budget Actual (Unfavorable) Actual
$ 5,500 $ 2,366 $ 3,134 $ 3,115
- - - 1,295
5,500 2,366 3,134 4,410
-
315,530
(315,530)
198,340
198,875
199,800
(925)
-
35,000
40,619
(5,619)
28,136
40,000
46,717
(6,717)
36,996
273,875
602,666
(328,791)
263,472
32,450
30,156
2,294
30,665
48,000
48,000
-
60,500
43,690
43,007
683
44,041
11,770
13,584
(1,814)
14,656
4,280
4,528
(248)
4,885
41,250
40,926
324
41,417
3,000
3,000
-
3,000
45,360
44,480
880
45,8"
18,000
18,000
-
18,000
7,000
7,000
-
7,000
2,000
2,061
(61)
2,000
24,000
24,000
-
24,000
5,000
5,000
-
5,000
2,500
2,500
-
2,500
7,500
7,500
-
7,500
20,000
20,000
-
20,000
-
-
-
50,000
2,000
-
2,000
-
51,010
-
51,010
109,820
`fUJ,01 V
- iVO, /`1 .JJ,VVO -
(Colon (ecl)
36
KODIAK ISLAND BOROUGH
EXHIBIT A -3, continued
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
Education, culture and recreation:
KMX'I' Public Radio
Historical Society
Summer Basketball
Crime Stoppers
Kodiak Island Sportsman Association
Kodiak Art Council
Village Libraries
Chiniak Public Library
City of Kodiak Library
Head Start
Kodiak College
Kodiak Little League
Santa to the Villages
Karluk IRA Council
KANA Youth Olympics
KANA Family Center
Kodiak Youth Services Network
Alaska Future Leaders
Total
Total expenditures
OTHER FINANCING SOURCES (USES):
Operating transfers out to other fluids:
Special revenue funds:
Mental health Center
Day Care Assistance
Building and Grounds
Debt service funds:
Schools
Other
Capital projects funds:
Various 1301 - 0ug11 projects
State grant - funded projects
Total operating transfers out
I /4,3UU
I /8,3UU
Variance -
163,300
3,596,505
3,796,800
Favorable
1997
Budget
Actual
(Unfavorable)
Actual
$ 15,000
$ 15,000
$ $
15,000
9,000
9,000
-
9,000
5,000
5,000
-
5,000
2,000
6,000
(4,000)
-
2 ,000
2,000
-
2,000
14,000
14,000
-
14,000
18,000
18,000
-
18,000
3,000
3,000
-
3,000
3,000
3,000
-
3,000
8,000
8,000
-
8,000
45,000
45,000
-
34,000
5,000
5,000
-
5,000
2,300
2,300
-
2,300
20,000
20,000
-
20,000
2,000
2,000
-
2,000
16,000
16,000
-
16,000
5,000
5,000
-
5,000
...
I /4,3UU
I /8,3UU
(4,000)
163,300
3,596,505
3,796,800
(200295)
3,508,352
° I9MIS
(439,445)
(439,445)
-
(516,420)
(3,000)
(3,000)
(195,030)
(195,030)
-
(186,110)
(1,019,400)
(1,019,400)
(935,280)
(9,000)
(14,507)
(5,507)
-
(1,103,400)
(1,103,400)
(250,000)
(17,500)
(17,500)
-
-
(2,786,775)
(2,792,282)
(5,507)
(1,887,810)
((
37
KODIAK ISLAND BOROUGH
EXHIBIT A -3, continued
GENERALFUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
38
Variance -
Favorable
1997
Budget
Actual
(Unfavorable)
Actual
Operating transfers to component units:
Kodiak Island Borough School District
(4,804,000)
(4,804,000)
-
(3,995,000)
Total operating transfers out
(7,590,775)
(7,596,282)
(5,507)
(5,882,810)
Total financing uses
(7,590,775)
(7,596,282)
(5,507)
(5,882,810)
Total expenditures and transfers
$ 11,187,280
$ 11,393,082
$ (205,802)
$ 9,391,162
38
1
1
1
I
F,
t
1
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.
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
AS OF JUNE 30, 1998 (with comparative totals for 1997)
ASSETS
Equity in central treasury
Temporary investments
Receivables:
State of Alaska
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
LIABILITIES AND FUND BALANCES
LIABILITIES:
ACUUntS payable
Employee benefits accrued and withheld
Customer deposits
Deferred revenues
Due to other funds
Total liabilities
FUND BALANCES (DEFICITS):
Unreserved:
Undesignated
Total fund balances
TOTAL
Fire and Road Service Areas
F ire oa
Fire Womens Kodiak Monashka Bay
Protection Bay Fire Airport Road Service
Area No. I Department Fire District Area
$ 333,330 $ 117,931 $ 138 $ 80,239
8,236 1,749 2,544 592
3,125 4,479 - -
$ 344,691 $ 124,159 $ 2,682 $ 80,831
$ 24,123
$ 1,996 $
- $
3,586
240
-
-
-
275
-
-
-
-
200
-
24,363
2,271
200
3,586
320,328
121,888
2,482
77,245
320,328
121,888
2,482
77,245
$ 344,691
$ 124,159 $
2,682 $
80,831
40
EXHIBIT B -1
Federal and
State Grant Programs
R
Service Womens Bay View Service Mental Child Care
District Bay Service Road Service Area I lealth Coastal Assistance
No. I Area Area No. 2 Center Management Program Land Sales
$ 21,031 $ 122,603 $
4,259 $ 3,338 $ 17,051 $
8,733 $ 5,479 $
3,811
- -
- - 53,957
31,120 87,454
-
-
- - -
- -
81,636
11,285 2,732
- - 68,214
- -
-
- -
- - (68,213)
- -
(25,000)
235,000 -
- - -
- -
-
- -
- - -
- -
195
- -
- - -
- -
196,396
$ 267,316 $ 125,335 $
4,259 $ 3,338 $ 71,009 $
39,853 $ 92,933 $
257,038
$ 770 $ 2,230 $ $ $ 206 $ - $ 48,791 $ 18
- - - - - 1,274
- - - 279,387
- - - - 150,000 40,000 35,000 50,000
770
2,230
- - 150,206
40,000
83,791
330,679
266,546
123,105
4,259 3,338 (79,197)
(147)
9,142
(73,641)
266,546
123,105
4,259 3,338 (79,197)
(147)
9,142
(73,641)
$ 267,316 $
125,335 $
4,259 $ 3,338 $ 71,009 $
39,853 $
92,933 $
257,038
continued
41
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
AS OF JUNE 30, 1998 (with comparative totals fo 1997)
Woodland
Buildings Acres Street Kodiak
and Light Service Arts
Grounds Area Council Facilities
ASSETS
Equity in central treasury
Temporary investments
Receivables:
State of Alaska
Land sales contracts, due within one year
Accrued interest
Other
Allowance for doubtful receivables
Due from other funds
Prepaid expenditures
Loner term interfund advances
Land sale contracts, due after one year
TOTAL
LIABILITIES AND FUND BALANCES
LIABILITIES:
Accounts payable
Employee benefits accrued and withheld
Customer deposits
Deferred revenues
Due to other funds
Total liabilities
FUND BALANCES (DEFICITS):
Unreserved:
Undesignated
Total fund balances
TOTAL
$ 9,729 $ 47,606 $ 7,233 $ 243,696
190 10,437 -
505,200
- - 8,000,000
$ 9,729 $ 47,796 $ 17,670 $ 8,748,896
$ 11,298 $ 417 $
170,000 - 20,000 -
181,298 417 20,000 -
(171,569) 47,379 (2,330) 8,748,896
(171,569) 47,379 (2,330) 8,748,896
$ 9,729 $ 47,796 $ 17,670 $ 8,748,896
42
EXHIBIT B -1, continued
Kodiak
Tourism Transit
Development Authority L.E.P.0
Totals
1998 1997
$ 8,574 $ 5,730 $ 3,956 $
1,044,467 $
- 120,777 25,400
318,708
- - -
81,636
10,757 78,174 -
194,910
- - -
(93,213)
- - -
740,200
- - -
7,799
- - -
8,000,000
- - -
196,396
$ 19,331 $ 204,681 $ 29,356 $
10,490,903 $
226,369
4,850,505
192,830
188,233
57,122
96,652
(25,000)
715,000
7,606
263,713
6,573,030
$ - $
101,734 $
19,356 $
214,525 $
144,612
-
-
1,514
21,730
25
-
-
300
675
-
-
-
279,387
393,602
125,000
10,000
600,200
960,000
25
226,734
29,356
1,095,926
1,520,619
19,306
(22,053)
-
9,394,977
5,052,411
19,306
(22,053)
-
9,394,977
5,052,411
$ 19,331 $
204,681 $
29,356 $
10,490,903 $
6,573,030
43
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
Fire and Road Service Areas
Fire
Ro ad
44
Fire
Womens
Kodiak
Monashka Bay
Service
Womens
Protection
Bay Fire
Airport
Road Service
District
Bay Service
Area No. 1
Department
Fire District
Area
No. I
Area
REVENUES:
Property taxes
$ 222,767
$ 44,178
$ 14,339
$ 19,692
$ 90,429
$ 66,926
State sources
20,530
542
-
1,690
9,166
8,816
Federal sources
2,586
-
-
3,071
-
Land sale proceeds
-
-
-
-
Licenses, permits. fees
and other local revenues
5,348
9,012
-
-
-
20,000
Investments and property
43,543
6,201
287
4,126
18,939
8,227
Total revenues
294,774
59,933
14,626
25,508
121.605
103,969
EXPENDITURES:
Community development department
-
-
-
-
-
-
General and administration
243,035
32,970
12,144
I lealth and sanitation department
-
-
-
-
Capital outlay:
Services district maintenance
-
-
-
17,258
143,578
109,370
Total expenditures
243,035
32,970
12,144
17,258
143,578
109,370
Fxcess (deficiency) of revenues
over(Under)expenditures
51,739
26,963
2.482
8.250
(21,973)
(5,401)
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds
11,198
-
-
-
Operating transfers out to other funds
(400,000)
(25 -820)
Net other Imancing sources (uses)
(388,802)
(25.820)
Excess (deficiency) of revenues and
other l in M611e sources over (Under)
expenditures and other fioaucing u,es
(337,003)
26,963
2,482
8.250
(47.793)
(5,4011
FUND BALANCES (DEFICITS),
at beginning ofyear
657,391
94,925
-
68,995
314,339
128.506
FUND BALANCES (DEFICITS),
at end of year
$ 320,328
$ 121,888
$ 2,482
$ 77.245
$ 266546
$ 123,105
44
EXHIBIT B -2
(1.707) 173 •10.1,75 -1 (6) 3.528 21,130 (4- 1,179) 7,47-1
6.026 3,165 (483,951) (141) 5.614 (94,771) (127.390) 39,905
$ 4.259 $ 3,338 $ (79.197) $ (147) $ 9.142 $ (73.641) $ (171,569) $ 47.379
(co�+liirurdl
45
State Grant Programs
Road
Woodland
Bay View
Service
Mental
Child Care
Buildings
Acres Street
Road Service
Area
Health
Coastal
Assistance
and
Light Service
Area
No. 2
Center
Management
Program
Land Sales
Grounds
Area
$ 4,797 $
-
$ -
$ -
$ -
$ -
$ -
$ 9,821
733
532,863
31,120
375,182
157
-
148,612
-
-
382,287
55,484
-
-
376
173
1,333
-
-
357,643
2,486
5.906
173
916,483
31,120
375,182
204,096
357.643
12,464
-
-
-
31,126
-
-
-
-
-
-
-
184,286
597,351
4,990
-
1,051,262
374,654
-
-
-
7,673
-
-
-
-
7.673
-
1,051,262
31,126
374,654
184,286
597,351
4,990
(1.767)
173
(134,779)
(6)
528
19,810
(239,708)
7, 474
-
539.533
-
3.000
-
195.030
-
-
-
1,320
499
539.533
3.000
1.320
195.529
(1.707) 173 •10.1,75 -1 (6) 3.528 21,130 (4- 1,179) 7,47-1
6.026 3,165 (483,951) (141) 5.614 (94,771) (127.390) 39,905
$ 4.259 $ 3,338 $ (79.197) $ (147) $ 9.142 $ (73.641) $ (171,569) $ 47.379
(co�+liirurdl
45
KODIAK ISLAN BOROUGH EXHIBIT B -2, continued
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
Kodiak Kodiak Totals
Arts Tourism Transit
Council Facilities Development Authority L.E.P.C. 1998 1997
REVENUES:
Property taxes $ $
State sources
Federal sources
Land sale proceeds - 4,000,000
Licenses, permits, fees
and other local revenues 66,028 -
Investments and property - 85,398
Total revenues 66,028 4,085,398
EXPENDITURES:
Community development department - -
General and administration 68,358
Health and sanitation department -
Capital outlay:
Services district maintenance -
Total expenditures 68,358 -
Excess (deficiency) of revenues
over (under) expenditures (2.330) 4.085,398
011IER FINANCING SOURCES (USES):
Operating transfers in from other funds 420,000
Operating transfers out to other funds (185,000
Net other financing sources (uses) 235,000
Excess (deficiency) of revenues and
other financing sources over (under)
expenditures and other financing uses (2,330) 4,320,398
FUND BALANCES (DEFICITS),
at beginning ol'year
FUND BALANCES (DEFICITS),
at end of year
$ $ - $ - $ 472,949 $ 557,626
150,685 25,400 1,156,884 969,951
- - 5,657 5,233
- 4,148.612 2,459,762
37,273 88,552 663,984 1.067,294
- - 528,732 626,073
37,273 239,237 25,400 6,976,818 5,685,939
29,267 - - 60,393
80,278
- 261,290 25,400 1,429,824
1,150,057
- - 1,425,916
2,309,959
- - - 277,879
287,636
29,267 261,290 25,400 3.194.012
1827.930
8.006 (22.053) - 3.782.806 1.858,009
1.168,761
723A43
(609,001)
(324,665)
559,760
398.778
8,006 (22,053)
4341566 2,256,787
5.052.41 1 2,795,624
$ 9.394,977 $ 5.052.411
46
4,428,498 11,300
$ (2.330) $ 8,748,896 $ 19,306 $ (22,053) $
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
FIRE AND ROAD SERVICE AREAS -FIRE PROTECTION AREA NO. 1
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
EXHIBIT B -3
EXPENDITURES:
General and administration:
Fire chief
Volunteers
Fringe benefits
Contracted services
Support goods and services
Capital outlay
Depreciation
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
OTHER FINANCING SOURCES (USES):
Operating transfers in (out) to other funds:
Debt Service - Other
Capital Projects - Borough Projects
Net other financing sources (uses)
Excess (deficiency) of revenues and
other financing Sources over (under)
expenditures and other financing uses
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
64,000
74,947
1998
77,838
15,000
7,700
7,300
9,480
Variance -
64,227
(41,127)
23,264
19,400
Favorable
1997
309
Budget
Actual
(Unfavorable)
Actual
REVENUES:
14,978
55,022
1,500
15,000
Property taxes
$ 209,000
$ 222,767
$ 13,767
$ 210,892
State sources - Shared revenue
15,000
20,530
5,530
17,592
Federal sources - Payment in lieu of taxes
2,500
2,586
86
2,243
Licenses, permits, fees and other local revenues
-
5,348
5,348
6,000
Investments and property
10,000
43,543
33,543
34,236
Total revenues
236,500
294,774
58,274
270,963
EXPENDITURES:
General and administration:
Fire chief
Volunteers
Fringe benefits
Contracted services
Support goods and services
Capital outlay
Depreciation
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
OTHER FINANCING SOURCES (USES):
Operating transfers in (out) to other funds:
Debt Service - Other
Capital Projects - Borough Projects
Net other financing sources (uses)
Excess (deficiency) of revenues and
other financing Sources over (under)
expenditures and other financing uses
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
64,000
74,947
(10,947)
77,838
15,000
7,700
7,300
9,480
23,100
64,227
(41,127)
23,264
19,400
2,925
16,475
309
183,000
78,258
104,742
67,774
70,000
14,978
55,022
1,500
15,000
-
15,000
-
389,500
243,035
146,465
180,165
(1 53,000)
51,739
204,739
90,798
11,198 11,198 (1,420)
(400,000) (400,000) -
(400,000) (388,802) 11,198 (1,420)
$ (553,000) (337,063) $ 215,937 89,378
657,391 568,013
$ 320,328 S 657,391
47
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 BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
REVENUES:
Property taxes
State sources - Shared revenue
Licenses, permits, fees and other local revenues
Investments and property
Total revenues
EXPENDITURES:
General and administration:
Personnel services
Contracted services
Fringe benefits
Support goods and services
Capital outlay
Total expenditures
Excess of revenues over expenditures
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
-
-
Variance -
-
300
Favorable
Budget
Actual
(Unfavorable)
$ 43,800
$ 44,178
$ 378 $
590
542
(48)
9,000
9,012
12
3,000
6,201
3,201
1997
43,657
2,702
9,050
1,700
-
1,700
-
300
-
300
-
3,000
-
3,000
-
45,530
31,247
14,283
34,939
5,860
1,723
4,137
1,004
56,390
32,970
23,420
35,943
$ -
26,963 $
26,963
24,570
$ 121,888
$ 94,925
48
KODIAK ISLAND BOROUGH EXHIBIT B -5
SPECIAL REVENUE FUNDS
FIRE AND ROAD SERVICE AREAS- KODIAK AIRPORT FIRE DISTRICT
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
49
1998
Variance -
Favorable 1997
Budget
Actual
(Unfavorable) Actual
REVENUES:
Property taxes
$ 12,000
$ 14,339
$ 2,339 $ -
Investments and property
-
28 7
287 _
Total revenues
12,000
14,626
2,626 -
EXPENDITURES:
General and administration:
Contracted services
12,000
12,087
(87) -
Support goods and services
-
57
(57) -
Total expenditures
12,000
12,144
(144) -
Excess of revenues over expenditures
$ -
2,482
$ 2,482 -
FUND BALANCE, at beginning of year
-
-
FUND BALANCE, at end of year
$ 2,482
$ _
49
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 BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
901
Variance -
Favorable
1997
Budget
Actual
(Unfavorable)
Actual
REVENUES:
Property taxes
$ 19,620
$ 19,692
$ 72 $
19,612
State sources - Shared revenue
1,410
1,690
280
1,762
Investments and property
2,120
4,126
2,006
3,724
Total revenues
23,150
25,508
2,358
25,098
EXPENDITURES:
Capital outlay:
Service district maintenance:
Personnel services
500
-
500
210
Snow removal /sanding
12,000
6,614
5,386
7,044
Road grading /ditching
8,500
10,470
(1,970)
3,438
Repairs and maintenance
1,500
57
1,443
-
Support goods and services
650
ill
533
288
Total expenditures
23,150
17,258
5,892
10,980
Excess of revenues over expenditures
$ -
8,250
$ 8,250
14,118
FUND BALANCE, at beginning of year
68,995
54
FUND BALANCE, at end of year
$ 77,245
$
68,995
901
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 BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
51
1998
Variance -
Favorable
1997
Budget
Actual
(Unfavorable)
Actual
REVENUES:
Property taxes
$ 85,000
$ 90,429
$ 5,429
$ 200,079
State sources - Shared Revenue
8,000
9,166
1,166
8,018
Federal sources - Payment in lieu of taxes
3,000
3,071
71
2,990
Investments and property
-
18,939
18,939
25,614
Total revenues
96,000
121,605
25,605
236,701
EXPENDITURES:
Capital outlay:
Service district maintenance:
Personnel services
7,050
3,655
3,395
8,310
Repairs and maintenance
100,000
71,297
28,703
46,019
Snow removal /sanding
75,000
47,607
27,393
54,392
Road grading /ditching
50,000
19,815
30,185
11,638
Support goods and services
1,900
1,204
696
1,819
Total expenditures
233,950
143,578
90,372
122,178
Excess of revenues over expenditures
(137,950)
(21,973)
1 15,977
114,523
OTHER FINANCING USES:
Operating transfers out to other funds:
Capital Projects - 13orough projects
(25.820)
(25,820)
-
(220,160)
Total other financing uses
(25,820)
(25,820)
-
(220,160)
Deficiency of revenues under
expenditures and other financing uses
$ (163,770)
(47,793)
$ 115,977
(105,637)
FUND BALANCE, at beginning of year
314,339
419,976
FUND BALANCE, at end of year
$ 266,546
$ 314,339
51
KODI 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 BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
REVENUES:
Property taxes
State sources - Shared revenue
Licenses, permits, fees and other local revenues
Investments and property
Total revenues
EXPENDITURES:
Capital outlay:
Service district maintenance:
Personnel services
Snow removal /sanding
Road grading /ditching
Repairs and maintenance
Service district maintenance
Total expenditures
Deficiency of revenues Under expenditures
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
1997
70,079
9,459
20,000
110,913
3,430
353
Variance -
1,698
40,700
Favorable
Budget
Actual
(Unfavorable) _
$ 70,080
$ 66,926
S (3,154) $
10,000
8,816
(1,184)
20,000
20,000
-
11,500
8,227
(3,273)
111,580
103,969
(7,611)
1997
70,079
9,459
20,000
110,913
3,430
353
3,077
1,698
40,700
40,670
30
30,180
32,150
24,713
7,437
41,802
43,200
43,053
147
77,407
2,100
581
1,519
915
121,580
109,370
12,210
152,002
$ (10,000)
(5,401) $
4,599
(41,089)
$ 123,105
$ 128,506
52
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 BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
REVENUES:
Property taxes
State sources - Shared revenue
Investments and property
Total revenues
EXPENDITURES:
Capital outlay:
Service district maintenance:
Personnel services
Snow removal /sanding
Road grading/ditching
Repairs and maintenance
Support goods and services
"Total expenditures
Excess (deficiency) of revenues over
(under) expenditures
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
-
72
Variance -
98
2,350
3,852
Favorable
1997
Budget
Actual
(Unfavorable)
Actual
$ 4,450
$ 4,797
$ 347
$ 4,473
700
733
33
784
200
376
176
330
5,350
5,906
556
5,587
-
72
(72)
98
2,350
3,852
(1,502)
1,724
2,000
2,728
(728)
-
1,000
995
5
598
-
26
(26)
56
5.350
7.673
(2,323)
2,476
S -
(1,767) $ (1,767) 3,111
',915
$ 4,259
$ 6,026
53
KODIAK ISLAND BOROUGH EXHIBIT B -10
SPECIAL REVENUE FUNDS
SERVICE AREA NO. 2
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
REVENUES:
Investments and property
Total revenues
EXPENDITURES:
Capital outlay:
Service district maintenance:
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
Budget
500
500
$ (500)
54
Variance -
Favorable 1997
Actual (Unfavorable) Actual
173 173 169
- 500 -
- 500 -
173 $ 673
3,165
169
$ 3,338
$ 3,165
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
MENTAL HEALTH CENTER
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
EXHIBIT B -11
1998
REVENUES:
State sources:
Health, Social and Community Services Program
Licenses, permits, fees and other local revenues:
Net individual and organization user fees
Investments and property:
Rental fees
Interest
Total revenues
EXPENDITURES:
Health and sanitation department:
Mental health program:
Personnel services
Travel
Facility
Supplies
Equipment
Capital outlay
Other
Total expenditures
Deficiency of revenues under expenditures
OTHER FINANCING SOURCES:
Operating transfers in from other funds:
General fund
Debt Service - Other
Net other financing sources
Excess (deficiency) of revenues and other financing
sources over (under) expenditures
FUND DEFICIT, at beginning of year
FUND DEFICIT, at end of year
1,448,321
814,020
variance-
1,472,201
31,270
21,361
Favorable
1997
Budget
Actual
(Unfavorable)
Actual
$ 572,706
$ 532,863
$ (39,843)
$ 535,279
1,058,180
382,287
(675,893)
850,718
-
1,166
1,166
159
200
167
(33)
284
1,631,086
916,483
(714,603)
1,386,440
1,448,321
814,020
634,301
1,472,201
31,270
21,361
9,909
27,829
66,660
28,452
38,208
19,742
25,800
5,758
20,042
17,8;0
16,700
6,959
9,741
9,685
14,000
-
14,000
508
267,405
174,712
92,6
- 1- 17,82s
1,870,156
1,051,262
818,894
1,995,620
(239,070)
(134,779)
104,291
(609,180)
2.10,570
439,445
198,375
516,•120
-
100,088
100,088
913
2.10,570
539,533
298,963
517,333
$ 1,500
404,754 $
403,254
(91,847)
(483,951)
(392,104)
$ (79,197)
$ (483,951)
55
KODIAK ISLAND BOROUGH EXHIBIT B -12
SPECIAL REVENUE FUNDS
COASTAL MANAGEMENT
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
REVENUES:
State sources - Grants
Total revenues
EXPENDITURES:
Community development department
CMG Special
Planning and zoning
Total expenditures
Deficiency of revenues under expenditures
FUND DEFICIT, at beginning of year
FUND DEFICIT, at end of year
Variance -
Favorable 1997
Budget Actual (Unfavorable) Actual
$ 38,120 $ 31,120 $ (7,000) $ 80,159
38,120 31,120 (7,000) 80,159
12,000 5,000 7,000 49,159
26,120 26,126 (6) 31,119
38,120 31,126 6,994 80,278
$ - (6) $ (6) (119)
(141) (22)
$ (147) $ (141)
56
KODIAK ISLAND BOROUGH EXHIBIT B -13
SPECIAL REVENUE FUNDS
CHILD CARE ASSISTANCE PROGRAM
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
REVENUES:
State sources - Grants
Total revenues
EXPENDITURES:
Health and sanitation department:
Day care payments
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
OTHER FINANCING SOURCES:
Operating transfers in from other fund:
General Fund
Excess (deficiency) of revenues and other
financing sources over (under) expenditures
FUND BALANCE, at beginning of year
F1IND BALANCE, at end of year
Variance -
Favorable 1997
Budget Actual (Unfavorable) Actual
$ 414,171 $ 375,182 $ (38,989) $ 314,059
414,171 375,182 (38,989) 314,059
417,171
374,654
42,517
314,339
417,171
374,654
42,517
314,339
(3,000)
528
3,528
(280)
3,000
3,000
-
-
$ -
3,528 $
3,528
(280)
5,614
5,894
$
9,142
$ 5,6 i •1
57
KODIAK ISLAND BOROUGH
EXHIBIT B -14
SPECIAL REVENUE FUNDS
LAND SALES
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
REVENUES:
Land sale proceeds
Licenses, permits, fees and other local revenues:
Gravel sales
Other
Investments and property
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 (USES):
Operating transfers in (out) from (to) other funds:
Buildings and Grounds
Debt Service Other
Net other financing sources (uses)
Excess of revenues and other financing
sources over expenditures and other
financing uses
FUND DEFICIT, at beginning of year
FUND DEFICIT, at end of year
Variance -
Favorable 1997
Budget Actual (Unfavorable) Actual
$ 147,500
$ 148,612 $
1,112
$ 265,496
40,000
54,614
14,614
99,936
3,020
870
(2,150)
1,080
190,520
204,096
13,576
366,512
134,150
137,763
(3,613)
137,650
9,760
8,857
903
7,383
46,610
36,988
9,622
32,507
-
678
(678)
69,161
190,520
184,286
6,234
246,701
-
19,810
19,810
119,811
-
-
(20,000)
-
1,320
1,320
(1,041)
1,320
1,320
(21,041)
$
21,130 $
21,130
98,770
(94,771)
(193,541)
$ (73,641)
$ (94,771)
58
KODIAK ISLAND BOROUGH
EXHIBIT B -15
SPECIAL REVENUE FUNDS
BUILDINGS AND GROUNDS
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
REVENUES:
Investments and property:
Rental
Budget Actual
Variance -
Favorable 1997
(Unfavorable) Actual
Total revenues
EXPENDITURES:
General and administration:
School buildings
Borough building
Apartments
Parks operation and maintenance
Total expenditures
Deficiency of revenues
under expenditures
OTHER FINANCING SOURCES (USES):
Operating transfers in (out) from (to) other funds:
General Fund
Land Sales Fund
Debt Service Fund Other
Net other financing sources
Deficiency of revenues and other financing
sources under expenditures and other
financing uses
FUND DEFICIT, at beginning of year
FUND DEFICIT, at end of year
$ 397,560 $ 357,643 $ (39,917) $ 329,145
114,640
109,820
4,820
115,935
350,070
384,099
(34,029)
336,379
75,420
57,395
18,025
123,208
52,460
46,037
6,423
37,430
592,590
597,351
(4,761)
612,952
44,678 (283,807)
195,030 195,030 186,110
- - - 20,000
499 499 (54 4)
195,030 195,529 499 205,566
$ - (44,179) $ 45,177 (78,241)
(127,390) (49,149)
$ (171,569) $ (127,390)
59
KODIAK ISLAND BOROUGH
EXHIBIT B -16
SPECIAL REVENUE FUNDS
WOODLAND ACRES STREET LIGHT SERVICE AREA
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
Excess of revenues over
expenditures $ - 7,474 $ 7,474 6,073
FUND BALANCE, at beginning of year 39,905 33,832
FUND BALANCE, at end of year S 47,379 $ 39,905
60
1998
Variance -
Favorable
1997
Budget
Actual
(Unfavorable)
Actual
REVENUES:
Property taxes
$ 10,730
$ 9,821
$ (909)
8,834
State sources - Shared revenue
220
157
(63)
137
Investments and property
-
2,486
2,486
2,184
Total revenues
10,950
12,464
1,514
11,155
EXPENDITURES:
General and administration:
Electricity
7,950
4,990
2,960
5,082
Capital outlay
3,000
-
3,000
-
Total expenditures
10,950
4,990
5,960
5,082
Excess of revenues over
expenditures $ - 7,474 $ 7,474 6,073
FUND BALANCE, at beginning of year 39,905 33,832
FUND BALANCE, at end of year S 47,379 $ 39,905
60
KODIAK ISLAND BOROUGH EXHIBIT B -17
SPECIAL REVENUE FUNDS
KODIAK ARTS COUNCIL
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
REVENUES:
Licenses, permits, fees and other local services:
Reimbursement from Kodiak Arts Council
Total revenues
EXPENDITURES:
General administration:
Personnel services
Fringe benefits
Support goods and services
Total expenditures
Deficiency of revenues under expenditures
FUND BALANCE, at beginning ol'year
FUND DEFICIT, at end of year
Budget Actual
Variance -
Favorable 1997
(Unfavorable) Actual
$ 74,840 $ 66,028 $
74,840 66,028
(8,812) $ 69,210
(8,812) 69,210
56,000
52,395
3,605
52,395
17,300
14,695
2,605
16,022
1,540
1,268
272
797
74,840
68,358
6,482
69,214
$ -
(2,330) $
(2,330)
(4)
4
61
$ (2,330)
$ -
KODIAK ISLAND BOROUGH EXHIBIT B -18
SPECIAL REVENUE FUNDS
FACILITIES
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
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 (USES):
Operating transfers in (out) from (to) other funds:
Debt Service - Bonds
Capital Projects - Borough projects
Kodiak Fisheries Research Center
Net other financing sources (uses)
Excess of revenues and other financing sources
over expenditures and other financing uses
FUND BALANCE, at beginning ofyear
FUND BALANCE, at end of year
Variance -
Favorable 1997
Budget Actual (Unfavorable) Actual
$ 4,000,000 $ 4,000,000 $ - $ 2,194,266
210,710 85,398 (125,312) 213,749
4,210,710 4,085,398
4,210,710 4,085,398 (125,312) 2,408,015
(81,500)
(185,000) (185,000) -
420,000 420,000
(185,000) 235,000 420,000 (81,500)
$ 4,025,710 4,320,398 $ 294,688 2,326,515
4,428,498 2,101,983
$ 8,748,896 $ 4,428,498
62
KODIAK ISLAND BOROUGH EXHIBIT B -19
SPECIAL REVENUE FUNDS
TOURISM DEVELOPMENT
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
199
REVENUES:
Licenses, permits, fees
and other local revenues
Total revenues
EXPENDITURES:
Community Development:
Contributions
Support goods and services
Total expenditures
Excess of revenues over expenditures
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
Variance -
Favorable 1997
Budget Actual (Unfavorable) Actual
35,000 37,273 $ 2,273 11,300
35,000 37,273 2,273 11,300
34,100 29,100 5,000
900 167 733
35,000 29,267 5,733
$ - 8,006 $ 8,006
11,300
$ 19,306
63
11,300
$ 11,300
KODIAK IS LAND BOROUGH
SPECIAL REVENUE FUNDS
KODIAK TRANSIT AUTHORITY
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998
Budget
$ 15,426 $
20,110
1998
REVENUES:
City of Kodiak subsidy
State sources - grants
Licences, permits, fees
and other local revenues
Total revenues
EXPENDITURES:
General and administration:
Transportation services
Support goods and service
Capital outlay
Total expenditures
Deficiency of revenues over
expenditures
FUND BALANCE at beginning of year
FUND DEFICIT, at end of year
EXHIBIT B -20
Variance -
Favorable
actual (Unfavorable)
73,095 $ 57,670
150,685 130,575
38,201 239,237 201,036
15,222
141,198
(125,976)
8,869
13,148
(4,279)
14,110
106,944
(92,834)
38,201
261,290
(223,099)
$ -
(22,053)
$ (22,053)
$ (22,053)
64
KODIAK ISLAND BOROUGH EXHIBIT B -21
SPECIAL REVENUE FUNDS
L.E.P.0
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998
1998
REVENUES:
State sources:
L.E.P.C.grant
Total revenues
EXPENDITURES:
General administration:
Contracted services
Support goods and services
Total expenditures
Excess of revenues over
expenditures
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
Variance -
Favorable
Budget Actual (Unfavorable)
25,400 25,400 -
25,400 20,642 4,758
25,400 25,400
65
J
1
1
J
DEBT SERVICE FUNDS
C
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.
0
d
U
KODIAK ISLAND BOROUGH
EXHIBIT C -3
DEBT SERVICE FUNDS
BONDS
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
Variance -
Favorable 1997
Budget Actual (Unfavorable) Actual
REVENUES:
Investments and property:
Interest income
Total revenues
EXPENDITURES:
Debt service:
Principal
Interest
Fiscal agent fees
Other
Total expenditures
Deficiency of revenues
under expenditures
OTI IER FINANCING SOURCES (USES):
Operating transfers out to other funds
Operating transfer in from component unit
Operating transfers in from other funds
Net other financing sources
Deficiency of revenues and other financing
sources under expenditures and other
financing uses
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
$ 70,000
$ 14,840 $
(55,160)
$ 77,132
70,000
14,840
(55,160)
77,132
1,660,840
1,660,833
7
1,565,833
1,139,300
1,139,287
13
1,237,938
5,000
2,079
2,921
2,058
4,700
-
4,700
-
2,809,840
2,802,199
7,641
2,805,829
(2,739,840)
(2,787,359)
(47,519)
(2,728,697)
1,639,570
2,658,970
$ (80,870)
- - (1,146,7 12)
1,651,332 11,762 1,658,131
1,019,400 - 1,016,780
2,670,732 11,762 1,528,199
(116,627) $ (35,757)
(1,20098)
$ 432,942
$ 549,569
69
KODIAK ISLAND BOROUGH
EXHIBIT C -4
DEBT SERVICE FUNDS
OTHER
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
Variance -
Favorable
1997
Budget
Actual
(Unfavorable)
Actual
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds 9,000
14,507
5,507
3,005
Operating transfer out to other funds -
(113,105)
(113,105)
(10,585)
Net other financing sources (uses) 9,000
(98,598)
(107,598)
(7,580)
Excess (deficiency) of revenues and other financing
sources over (under) expenditures and other
financing sources
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
$ 9,000 (98,598) $ (107,598)
$ 161,721
(7,580)
$ 260,319
70
L�
CAPITAL PROJECTS FUNDS
1
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.
t
KODIAK ISLAND BOROUGH
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEET
AS OF JUNE 30, 1998 (with comparative totals for 1997)
'
Various
School
Hospital
Borough
Bond
Bond
Projects
Improvements
Improvements
ASSET
Equity in central treasury
Y
$ 697,867
$ 16,748
$
I �_,4__
2 22
Temporary investments
_
_
Receivables:
-
State of Alaska
2 21,528
-
-
Federal Government
_
Accrued interest
-
Due from other funds
225,000
-
-
i
TOTAL
$ 1,144,395
$ 16,748
$
152,422
LIABILITIES AND FUND BALANCE
LIABILITIES:
Accounts payable
$ 125,913
$ -
$
98,707
Retainages payable
30,998
_
2 1, 175
;
Deferred revenue
Due to other funds
-
- 200,000
Total liabilities
156,911
2 00000
119,88?
FUND EQUITIES (DEFICIENCIES IN ASSETS):
Fund Balances (deficits):
Reserved for encumbrances
986,569
-
14,500
Unreserved:
Designated lur subsequent Years expenditures
-
-
_
Undesignated
915
(183,252)
18,040
Total fund equities (deficiencies in assets)
987,484
(183,252)
32,540
TOTAL
$ 1,14=4,395
$ 16,748
$
152,42
72
EXHIBIT D -1
Kodiak
State
Fisheries
Capital
Totals
Research Center
Grants
1998
1997
$ 163,818
$ 6,527
$ 1,037,382 $
108,611
6,003,810
-
6,003,810
4,874,124
-
125,273
346,801
216,172
-
-
-
661,378
47,660
-
47,660
56,440
119,141
-
344,141
1,740,000
$ 6,334,429
$ 131,800
$ 7,779,794 $
7,656,725
$ 1,447,837 $ 133,495 $ 1,805,952 $ 1,453,549
738,177 - 790,350 487,372
- - - 24,514
790,000 25,000 1,015,000 770,000
2,976,014 158,495 3,611,302 2,735,435
2,063 223 1,528,805 4,593,097 16,920,146
- - - 16,244
1,295,192 (1,555,500) (424,605) (12,015,100)
3,358 t 5 (26,695) 4,168,492 4,921,290
$ 6,334,429 $ 131,800 $ 7,779,794 $ 7,656,725
73
KODIAK IS LAND BOROUGH
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
TRANSFERS AND CHANGES IN FUND BALANCES
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
Various School
Borough Bond
Projects Improvements
REVENUES:
State sources $ 2,860 $ -
Federal sources -
Licenses, permits, fees and other local revenues 4,310
Investments and property -
Total revenues 7,170 -
EXPENDITURES:
Capital improvements:
Schools 432,090 3,793
General 315,509 -
Total expenditures
Deficiency of revenues
under expenditures (740,429) (3,793)
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds 1,714 220
Operating transfers in from component units -
Bond proceeds '
Operating transfers out to other funds -
Operating transfers out to component units (60,000) -
Net other financing sources (uses) 1,64,220 -
Excess (deficiency) of revenues and other financing
sources under expenditures and other
financing uses 913,791 (3,793)
FUND BALANCES (DEFICITS), at beginning of year 73,693 (179,459)
Residual equity transfer in - -
1:1JND BALANCES (DEFICITS), at end of year $ 987,484 $ (183•'252)
74
EXHIBIT D -2
Hospital
Kodiak
State
451,471
525,320 6,249,504
Bond
Fisheries
Capital
Totals
911,304
Improvements
Research Center
Grants
1998
1997
$ -
$ 3,000,000
$ 784,420
$ 3,787,280 $
1,019,462
-
2,970,000
110,735
3,080,735
487,057
250,000
-
-
254,310
1,548
25,814
164,863
-
190,677
406,629
4,176,872
275,814
6,134,863
895,155
7,313,002
1,914,696
- -
232,907
668,790
451,471
525,320 6,249,504
678,397
7,768,730
9,299,212
525,320 6,249,504
911,304
8,437,520
9,750,683
(249,506) (114,641)
(16,149)
(1,124,518)
(7,835,987)
-
17,500
1,731,720
4,004,049
-
-
1,060,000
(1,300,000)
-
(1,300,000)
(887,177)
-
-
(60,000)
-
(1,300,000) -
17,500
371,72u
4,176,872
(1,549,506)
1,582,046
(114,641)
3,473,056
1,351 (752,798) (3,659,115)
(28,046)
- - - - 1,405,646
$ 32,540 $ 3,358,415 $ (26,695) $ 4,168,492 $ 4,921,290
75
KODIAK ISLAND BOROUGH
CAN I AL PROJECTS FUNDS
SCHEDULE OF CAPITAL PROJECTS
FOR] I IE YEAR ENDED JUNE 30. 1998
EXHI[31T D -3
APPROPRIATIONS
EXPENDITURES
ENCUMBRANCES
PROJECT
TOTAL
TOTAL
UNEXPENDED
CURRENT UNENCUMBERED
N 0
PR JI?CT
S'l A'I I- I
PRIO
J)8 APPROPRIATIONS
PRIOR
1998 EXPENDITURES
BALANCE
ENCUMBRANCE BRANCEC
BALAN
Capital Projects - Education:
410 -404 Work of Art - Auditorium
Complete
S 33,0
S $
33,090
$ 33,090
$ $
33,090
$ -
$ $
-
6
410 -415 Asbestos Removal Program
Complete
71,000
71,000
69,871
69,871
1,129
1,129
33
410 -446 High School Roof Maintenance
Complete
72,576
72,576
72,576
72,576
-
-
39
420 -501 Peterson Elementary
Open
751,340
751,340
928,649
3,792
932,441
(181,101)
(181,101)
78
410 -462 High School Librar Roof
Open
35,000
35,000
14,177
17,780
31,957
3,043
3,043
80
410 -464 High School Parking Lot Repair
Complete
45,000
1.150
46,150
28,954
17,195
46,149
1
1
93
420 -504 Northstar Elementary
Complete
8.380,000
-
8,380,000
8,380,070
-
8,380,070
(70)
(70)
94
420 -505 Ouzinkie School Remodel
Complete
1,569,326
1,569,326
1,569,319
1,569,319
7
7
100
410 -477 Main Elemental) Steps
Complete
21,800
21,800
21,800
21,800
-
1 16
410 -644 Old Harbor Exterior Paint
Complete
45.000
45,000
44,944
44,944
56
56
125
410 -650 High School Locker Room
Complete
51,000
51,000
46,840
563
47,403
3,597
3,597
126
410 -651 Akhiok Carpet Repair
Complete
13,557
13,557
13,557
-
13,557
-
-
127
410 -652 Akhiok School Painting
Complete
20.164
20,164
20,164
-
20,164
-
128
410 -653 Peterson Addition (Match)
Open
70,000
5S9.450
659,450
1,723
249,319
251,042
408,408
954,751
(546,343)
129
410 -654 High School Rooms
Complete
6,000
6,000
5,954
-
5,954
46
-
46
130
410 -655 East Elementary Doorways
Open
4,200
4,200
-
-
-
4,200
4,200
a 135
410 -660 North Star Enhancements
Complete
79.000
79,000
29,886
49.113
78,999
1
-
I
139
430 -639 Peterson Addition (Grant)
Open
141,603
141,603
3,807
107,396
111,203
30,400
33,570
(3,170)
144
410 -661 Ouzinkie Artwork
Complete
6,600
-
6,600
-
6,600
6,600
-
-
-
14S
410 -664 High School Sidewalks
Complete
28,000
5,710
33,710
1,883
31,824
33,707
3
3
149
410 -665 Middle School Bus Ramp
Complete
4,700
(810)
3,890
-
3,893
3,893
(3)
(3)
151
410 -667 Chiniak Teacherage
Complete
90,000
15,850
105,850
93,741
12,104
105,845
5
5
152
410 -668 High School Roof Design
Open
72.800
72,800
-
3,804
3,804
68,996
68,996
153
410 -669 Middle School Gym Roof
Open
10,000
10,000
-
-
10,000
10,000
155
410 -671 Chimak School Exit Roof
Open
5,700
5,700
2,513
2,513
3,187
3,187
156
410 -672 Port Lions Basketball Ct
Open
24.000
24,000
18,735
18,735
5,265
5,265
160
410 -676 Area Wide Schools
Complete
18,380
18,380
18.643
18,643
(263)
-
(263)
168
430 -647 Peterson Match Grant
Open
129.230
129,230
125,511
125,511
3,719
3,719
-
179
430 -689 Peterson M:nching 03
Open
130.000
130,000
-
-
-
130,000
-
130,000
Total Education
11,538.956
1.001.460
12,540,416
11,381,005
668,785
12,049,790
490,626
992,040
(501,414)
Capital Projects - health:
95
425 -540 Hospital Remodel
Open
21.633,290
(3.626,046)
18,007,244
15,104,146
(1,223,853)
13.880,293
4,126,951
14.500
4,112,451
121
410 -647 New Ambulance Purchase
Open
12,000
6,000
18,000
-
-
18,000
-
18,000
123
430 -637 DOE_ Energy Grant
Complete
36,079
-
36,079
36.079
36,079
-
-
138
430 -638 Hospital Remodel (Grant)
Complete
500,000
500,000
500,000
-
500.000
166
425 -541 hospital Renovation
Open
-
-
-
2,377,778
1,749,174
4,126,952
(4,126,952)
(4.126,952)
167
430 -648 l losp Match Grant
Complete
61.505
61,505
-
61,505
61,505
Transfer out - Debt Service
-
-
-
-
Total health
22,181,369
(3.558.541)
18.622,828
18018,003
586,826
18,604,829
17,999
14500
3,499
continued
KODIAK ISLAND BOROUGH
CAPITAL PROJECTS FUNDS
SCI II:DULF OF CAPITAL PROJECTS
FOR THE YEAR ENDED JUNE 30. 1998
EXHIBIT D -3
confirmed
APPROPRIATIONS
EXPENDITURES
ENCUMBRANCES
PROJLCf
TOTAL
TOTAL
UNEXPENDED
CURRENT UNENCUMBERED
NSL
PROJ
STA !S
PRIO
1998 APPROPRIATIONS
PRIOR
1998 EXPENDITURES
BALANCE
ENCUMBRANCES BALANCI'
Capital Projects - Roads:
74
410 -455 Street Signs
Complete
$ 34,000
$ $
34,000 S
33,434
$ 1.452 $
34,886
$ (886)
$ $ (886)
82
410 -466 Anton Larsen Road Est,
Complete
21
21
21
21
-
-
140
430 -640 Island Lake Creek frail
Complete
145,000
145,000
145,000
-
145,000
147
430 -644 Ouzinkie Trails
Complete
75,000
75,000
9,245
65,755
75,000
-
154
410 -670 KIB Pke Lot Pave
Complete
-
35,450
35,450
-
35,452
35,452
(2)
(2)
162
410 -678 Service Distil l Gravel Resurface Complete
220.160
25,820
245,980
245,978
-
245.978
2
2
Total Roads
474. 181
61,270
535,451
433,678
102,659
536,337
(886)
(886)
Capital Projects - Utilities:
550 -750 Undesignated (Cin of Kodiak)
Open
-
-
-
-
-
-
-
120
550 -754 Otmeloi Water R Sewer
Complete
-
-
-
-
136
550- 755 Naughton's Water Line
Open
40,000
40,000
-
-
40,000
40,000
137
550 - 756 As Built Surveys
Open
1,000
1,000
2,689
2,689
(1,689)
(1,689)
182
410 -692 State Fair g Rodeo Water
Open
25,000
25,000
-
25,000
25.000
Total Utility
66,000
66,000
2,689
2,689
63,311
63311
Capital Projects - Other:
v
410 -400 Undesignated Projects
Open
-
-
-
848,591
(3,546)
845,045
(845,045)
(845,045)
V 16
410 -429 New Parks
Complete
113,210
113,210
113,229
(19)
113,210
48
430 -607 Salonie Creek Rifle Range
Complete
544,000
544,000
531,913
12,087
544,000
54
430 -613 Selief Lane /Von Scheele Way
Complete
75,000
75,000
75,000
-
75,000
66
410 -456 SeliefLaneDrainage
Complete
7,030
7,030
7,030
7,030
72
430 -622 Bayside Fire Station
Complete
150,000
150,000
159,741
159,741
(9.741)
(9,741)
79
410 -463 Crab Analog Report
Open
10,000
10.000
-
10,000
10.000
85
410 -471 Villase Metals Removal
Open
150.000
150,000
111,415
-
111,415
38,585
38.585
86
410 -470 KIB Oil Tank Replacement
Complete
100,000
100,000
99,653
135
99,788
212
212
87
430 -632 Community Support Facility
Complete
381,000
381,000
379,260
379,260
1,740
1,740
89
430 -633 DHSS /Planning Grant
Complete
40,000
40,000
19,869
-
19,869
20,131
20,131
96
410 -473 Kodiak Clean Lakes Grant
Complete
96,124
96,124
96,099
26
96,125
(1)
(1)
98
410 -475 Borough Bldg. Parking Lot
Complete
45,000
45,000
45,010
142
45,152
(152)
(152)
105
410 -482 Anton Larsen Dock
Open
140,000
140,000
134,179
-
134,179
5,821
5,821
109
410 -637 Fisheries Development
Complete
50,000
-
50,000
-
50,000
50,000
-
110
410 -638 KIB Recreation Facilities
Complete
400,000
6,570
406,570
334,959
66,097
401,056
5,514
5,514
114
410- 642 State Airport Improvements
Open
11,000
-
11,000
-
60
60
10,940
10,940
115
410 -643 Chiniak Tsunami Siren
Open
30,000
30,000
27,754
1,015
28,769
1,231
1,231
117
410 -645 Heliopad Striping
Open
3,000
3,000
-
-
-
3.000
3,000
119
430 -636 Smoker's Rehabilitation
Complete
223,857
-
223,857
223,857
-
223,857
-
- -
124
426 -801 Near Island Research Facility
Open
17.465.000
3.385,000
20,850,000
3,178.668
6.249.506
9,428,174
11,421,826
2.063,223 9.358.603
131
410 -656 Little League Fencing
Complete
21.366
-
21,366
21,366
-
21,366
-
- -
132
410 -6i7 City Library/Alaska Room
Complete
16.000
(4.530)
11.470
11,365
-
11,465
5
5
133
410 -658 Red Cross Building Repairs
Open
12,000
12,000
709
6.068
6.777
5,223
5,223
141
430 -641 Monashka Bay Park
Complete
IOi
105,000
1.790
103,210
105.000
-
-
continued
KODIAK ISLAND BOROUGH EXHIBIT D -3
continued
CAPITAL PROJECTS FUNDS
SCHEDULE 01= CAPITAL PROJECTS
F TFIL YEAR ENDED JUNE 30. 1998
Total - Capital Projects Other 21 .989,580 7.059.947 29,049,527 6,944,711 7,086,030 14,030,741 15,018,786 3,586,557 11,432,229
Total All Capital Projects $56,184,086 $ 4.630,136 $ 60,814,222 $ 36,780,086 $ 8444,300 $ 45,224.386 $ 15,589,836 $ 4,593,097 $ 10,996,739
MAN M � M w M � M M M MM MI M� Mr M �
APPROPRIATIONS
EXPENDITURES
ENCUMBRANCES
PROJECT
TOTAL
TOTAL
UNEXPENDED
CURRENT UNENCUMBERED
�Lo-
PROJECI
S AI LIS
PRIOfZ
Ivat APPROPRIATIONS
PRIOR
19998 EXPENDITURES
BALANCE
ENCUMBRANCES BALANCE.
lag
430 -642 Clean Water Fund /Karluk
Open
$ 40,000
$ 10.000 $
50,000 $
21,642
$ 1,550 $
23,192
$ 26,808
$ $
26.808
143
430 -643 EVOSTC Project
Open
250,000
-
250,000
109,042
118,965
228.007
21,993
21,993
145
410 -662 Computer Software Acquis.
Open
300.000
290.000
590,000
378,558
6171
384,729
205,271
31,818
173.453
146
410 -663 BMX Bike Trail
Open
20,000
35.000
55,000
3,749
9.339
13,088
41,912
-
41,912
151
410 -666 Borough Building Repairs
Complete
33.000
13.900
46,900
9,723
34.405
44.128
2,772
2,772
157
410 -673 Sargent Creek Drainage
Complete
-
70.000
70,000
440
64,920
65.360
4,640
4,640
158
410 -674 Fire Service Study
Open
20.000
20,000
-
-
-
20,000
20,000
159
410 -675 Borough Parks
Open
26.500
26,500
3,031
3,031
23,469
23,469
161
410 -677 Fairgrounds Drain
Completed
16.000
16,000
16,000
16.000
-
-
163
410 -679 Port Lions C Hall
Completed
10.000
10,000
10,000
10,000
-
-
164
430 -645 Waste Management Imp
Open
1.630.000
1,630,000
-
-
1,630,000
-
1,630,000
165
430 -646 Landfill Closeout
Open
1.000.000
1,000,000
223,461
223,461
776,539
1,489,516
(712977)
169
430 -649 Clean Water Karluk
Open
350.000
350,000
82,083
82,083
267,917
2,000
265.917
170
410 -680 Bayside Fuel Tank Removal
Open
5.000
5,000
-
-
5
-
5,000
171
410 -681 Womens Bay Tank Removal
Open
32.000
32,000
1,794
1,794
30,206
30,206
172
410 -682 Nixon Ranch Road
Open
23.000
23,000
200
200
22,800
22,800
173
410 -683 Bayside Classroom Add
Open
75.000
75,000
12,749
12,749
62,251
62.251
174
410 -684 Bayside Storage /Bay Add
Open
325.000
325,000
-
-
325,000
325,000
175
430 -685 Anton Larsen Bay Trail
Open
70.000
70,000
2,585
2,585
67,415
67,415
176
430 -686 Is] Lake Trail E-xt
Open
25.000
25,000
981
981
24,019
24,019
177
430 -687 Anton Larsen Boat Ramp
Open
400.000
400,000
-
-
400,000
400,000
v 178
430 -688 Karluk Clinic
Open
214.500
214,500
6,211
6,211
208,289
208,289
00
180
430 -690 Welfare To Work
Open
140.000
140,000
-
-
140,000
140,000
181
430 -691 Isl Lake Crk Fish Passage
Open
10.000
10,000
10,000
10,000
183
410 -693 School Freezer Relocation
Open
40.000
40,000
-
40,000
40,000
'transfers Out - Fund 426
Open
1,107,993
(1.107,993)
-
6,804
6,804
(6,804)
(6,804)
Transfers Out - Fund 430
Open
50,000
(50.000)
-
-
Total - Capital Projects Other 21 .989,580 7.059.947 29,049,527 6,944,711 7,086,030 14,030,741 15,018,786 3,586,557 11,432,229
Total All Capital Projects $56,184,086 $ 4.630,136 $ 60,814,222 $ 36,780,086 $ 8444,300 $ 45,224.386 $ 15,589,836 $ 4,593,097 $ 10,996,739
MAN M � M w M � M M M MM MI M� Mr M �
1
1
1
�
ENTERPRISE FUNDS
1
Enterprise Funds are used to account for Borough operations that
are financed and operated in a manner similar to private business
enterprises. The intent of the Borough is that the costs (expenses,
including depreciation) of providing these services to the general
public on a continuing basis are financed or recovered primarily
through user charges.
1
1
i
k
E
1
KODIAK ISLAND BOROUGH
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
AS OF JUNE 30, 1998 (with comparative totals for 1997) }
Municipal
Kodiak
Solid Waste
Fisheries
k
Collection and
Hospital
Research
Totals
i
Disposal
Facilities
911 Services
Center
1998
1997
ASSETS
CURRENT ASSETS:
Equity in central treasury
$ 10,286
$ 33,812
$ 10,669
$ $
54,767 $
129,276
Temporary investments
-
89,871
-
89.871
476.928
Customer receivables
225,259
-
325,259
263.214
Due from other funds
290,000
500,000
790,000
660.000
Inventories
-
277,007
277,007
277,007
Total current assets
525,545
900,690
10,669
1,436,904
1,806.425
RESTRICTED ASSETS:
Cash with fiscal agent
208,203
208,203
1,642,622
Temporary investments
139,520
139,520
150.768
Total restricted assets
347,723
347,723
1,793.390
1
1
FIXED ASSETS:
Unclassified utility plant in service
2,205,383
-
-
2,205,383
2,205,383
Land and improvements
-
32,266
-
-
32,266
40?75
Buildings
-
4,583,308
-
-
4,583,308
4,145,676
Equipment
837,052
5,340,360
-
-
6,177,412
5,973.355
Work in process
-
3,906,168
-
8,000,000
11,906,168
2.377,778
3,042.435
13,862,102
8,000.000
24.904,537
14,742.467
E
Less accumulated depreciation
(952,701)
(5,622,984)
-
(6.575,685)
(5,877,774)
i
Net fixed assets
2,089,734
8,239,118
8,000,000
18,328,852
8.864.69:
TOTAL
$ 2,615,279
$ 9,487,531
$ 10.669
$ 8,000.000 $
20.113,479 $
12.464.508
80
EXHIBIT E -I
Municipal
Solid Waste
Collection and I lospital
Disposal Facilities 911 Services
LIABILITIES AND FUND EQUITIES
CURRENT LIABILITIES:
Accounts payable $ 160,395 $ 98,005 $
Accrued expenses 20,455 -
Current portion of note payable - 523,349
Current portion of lease obligations 230,973
Deferred revenues 60,000 -
Due to City of Kodiak - 38,583
Due to other funds 13,000
Total current liabilities 180,850 912,327 51,583
NONCURRENT LIABILITIES:
Notes payable 2,450,303
Capital lease obligations 1,154,520
Long -term interfund borrowings - -
ACCRUAL FOR LANDFILL CLOSURE
AND POSTCLOSURE COSTS 2,200,131 -
Total liabilities 2,380,981 4,517,150
FUND EQUI VIES
(DI ?I- IN ASSETS):
Contributions in aid ol'construction:
State of Alaska
Federal Government
Other
Accumulated amortization
Net contibulions in aid
of construction
Contributed capital
Accumulated deficits, unreserved
Total fund equities
(deficiencies in assets)
TOTAL
Kodiak
Fisheries
Research Totals
Center 1998 1997
$ $ 258.400 $ 260.072
20,455 18.488
523,349 492.063
230,973 329.819
60.000 -
38,583 -
246.141 259,141 1,505.000
246,141 1.390,901 2,605.442
2,450,303 2,971.335
- 1,154 1,407.947
8,000,000 8.000,000 -
2.200,131 1.984.423
51,583 8,246,141 15,195,855 8,969,147
2,483,473
'
2.483.473
19.990
19.990
19.990
2,503,463
2.503,463
2,50 3.46 3
(818.526)
(818.526)
(744.287)
1,684.937
-
1,684,937
1.759,176
-
5,147,927
5.147,927
4.298.512
(1,450.639)
(177,546)
(40,914) (246.141) (1.915,240)
(2,562.327)
234,298
4,970,381
(40,914) ( 246,141) 4.917.624
3,495, 361
$ 2,615,279
$ 9,487,531 $
10,669 $ 8.000,000 $ 20.113,479 $
11464.508
81
KODIAK ISLAND BOROUGH EXHIBIT E -2
ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN RETAINED EARNINGS
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
Municipal Kodiak
Solid Waste Fisheries
Collection and Hospital Research Totals
Disposal Facilities 911 Services Center 1998 1997
OPERATING REVENUES:
(50,692)
39.872
(134.506)
-
(145.26)
Solid waste collection
$ 1,539,677 $
$
$
$ 1,539.677 $
1,591818
Solid waste disposal
870,753
Interest income
257
870,753
741,941
State sources - revenue sharing
-
70,751
Interest expense
70.751
-
Customer charges
-
-
51,270
51,270
93.592
Lease proceeds
-
720,000
-
720,000
120,000
Other
9,777
16,965
-
26,742
16,568
Net inconlc (loss)
2,420,207
807,716
51,270
3,279.193
2,565,919
OPERATING EXPENSES:
fRANSLER (I'O) HROM 0'1'1II:R FUNDS:
Personnel services
349,450
-
-
349,450
369,012
Professional services
-
Operating transfers out to other funds
-
102,097
Solid waste collection
1,163,688
(420.000)
(1,500,000)
1.163,688
1,110.129
Contracted services
288,120
288,120
247,268
Repairs and maintenance
33,415
33,415
29,229
Landfill closure and postclosure costs
227,512
-
227,512
(246.629)
Depreciation
113,936
583,975
697,911
213,107
General and administration
176,233
20,729
74,239
196,962
176,783
Medicaid refund
-
163,140
Increase (decrease) in retained earnings
163.140
-
felephone services
-
-
185,776
185,776
(1,474,443)
Recycling services
68,009
-
68.009
11,059
Contributions
50,536
(40,914) $
(246.141)
50.536
74,907
2,470,899
767,844
185J76
3.424.519
2.086.901
Operating income (loss)
(50,692)
39.872
(134.506)
-
(145.26)
478.958
0 '1'1IFR INCOMI: (1:\Pl:NS1:S).
Interest income
257
70,149
173.859
244,265
8591
Interest expense
-
(395.151)
-
(395.151)
(249.991)
Loss on disposal of hospital operations
(74.971)
Loss on Saleofassets
(10,940)
-
(10.940)
(1.288)
Net inconlc (loss)
(50.435)
(296,070)
(134.506)
173.859
( 307.1 i2)
I61?99
fRANSLER (I'O) HROM 0'1'1II:R FUNDS:
Operating translcn in from other Finds
1.300.000
-
1.300.000
Operating transfers out to other funds
-
(420.000)
(420.000)
(1,500,000)
Operating translers in from component units
726,797
Transfer of water and sewer operations
to the City of Kodiak
-
-
(1,409,757)
Amortization of contributions in aid
of constructioll
74,239
-
74.239
76.505
Increase (decrease) in retained earnings
23.804
1.003.930
(134,506)
(246,141)
647.087
(1.944.856)
Retained e:Hnings (deficit) at beginning of year
(1,474,443)
(1 .181.476)
93,592
(2.562,327)
(617.471)
Accumulated deficits at end of year
$ (1,450.6 39)
$ (177.546) $
(40,914) $
(246.141)
$ (1.915.240)
$ - C- 1 .562.327)
82
1
KODIAK ISLAND BOROUGH
EXHIBIT E -3
ENTERPRISE FUNDS
COMBINING STATEMENT OF CASH FLOWS
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
Municipal
Kodiak
Solid Waste
Fisheries
Collection and
Hospital
911 Research
Totals
Disposal
Facilities
Services Center
1998
1997
OPERATING INCOME (LOSS)
f (50,692)
S 39,872
f (134,506) S
S (145,326)
S 478,958
ADJUSTMENTS TO RECONCILE
OPERATING LOSS TO NET CASH
PROVIDED BY (USED FOR) OPERATING ACTIVITIES:
Depreciation
113,936
583,975
697,911
213,107
Gain (loss) on disposal of fixed assets
-
10,940
10,940
-
Changes in assets and liabilities:
Interest receivable on investments
Customer receivables
27,305
10,650
37,955
75,605
Due tolfrom component unit
-
- -
207,100
Dueto/frorn other funds
(295,000)
(1,340,000)
13,000 246,141
(1,375,859)
1,140,700
Accounts payable
942
(2,614)
(1,672)
(47,692)
Deferred revenues
60,000
60,000
Customer deposits
( 7.949)
Accrual for landfill closure
and postclosure costs
215,708
215,708
(332,290)
Due to the City of Kodiak
38,583
38,583
(28,300)
Other accrued liabilities
1,967
1,967
3,197
Total adjustments
64,858
(687,699)
62,233 246,141
(314,467)
1123,478
Net cash provided by (used for)
operating activities
14,166
(647,827)
(72,273) 246,141
(459,793)
1,702,436
CASH FLOWS FROM NON - CAPITAL AND
RELATED FINANCING ACTIVITIES:
Cash namferred from Hospital Component Unit
-
-
203,692
M a[ets out to odor fiatds
-
(420,000)
(420,000)
(1,500,000)
Opetating tratuI in from Hospital
1,300,000
1,300,000
726,797
Component Unit
Equity tmsfers out to Capital Projects Fund
-
-
(1,405,646)
Transfer of Water and Sewer Operations
to the City of Kodiak
(703,420)
Net cash provided by (used for) non - capital
and related financing activities
1,300,000
(420,000)
880,000
(2.678.577)
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:
Acquisition and construction
of capital assets
(7,255)
(1,538080)
(8.000,000)
(9,545335)
(2.446.373)
Interest paid on notes payable and capital leases
(395,151)
( 395.151)
(249.991)
Proceeds from issuance of notes payable
-
4,471 910
Proceeds from issuance of long -tens
interfund borrowing
8.000.000
8.000.000
Proceeds from disposal of Component Unit
Hospital operations
-
2.000.000
Principal payments on notes payable
(489,746)
(489.746)
(461648)
l i
Principal payments on capital lease obligations
(352,273)
(352,273)
(52.616)
Contributed capital received from private trusts
-
210,800
- -
210.800
-
Proceeds from sale of equipment
'. 150
Net cash provided by (used for)
capital and related financing activities
(7,255)
(2,564,450)
(2,571.705)
3.262.432
CASH FLOWS FROM INVESTING ACTIVITIES:
Changes in restricted assets:
Deductions from (additions to) restricted cash
1,434,419
1,434,419
(1,793,390)
Deductions from restricted investments
11,248
11,248
-
Interest and dividends on
investments
257
70,149
173,859
244,265
8,591
Purchases of investments
-
(476,928)
Maturities of investments
-
387,057
387,057
Net cash provided by (used for) investing activities
257
1,902 873
173,859
2,076,989
(2,261,727)
Net change in cash and cash equivalents
7,168
(9,404)
(72,273)
(74,509)
24.564
CASH AND CASH EQUIVALENTS, at beginning of year
3,118
43,216
82.942
129,276
104,712
CASH AND CASH EQUIVALENTS, at end of year
S 10,286
S 33.812
S 10.669 S
s 54,767
S 129.276
83
KODIAK ISLAND BOROUGH
MUNICIPAL SOLID WASTE COLLECTION AND DISPOSAL FUND
BALANCE SHEETS
AS OF JU NE 30, 1998 AND 1997
$ 10,286
$ 3,118
225,259
252,564
290,000
-
525,545
255,682
2,205,383
2,205,383
837,052
829,797
3,042,435
3,035,180
(952,701)
(838,765)
2,089,734
2,196,415
$ 2,615,279
$ 2,452,097
1998 1997
ASSETS
CURRENT ASSETS:
Equity in central treasury
Customer receivables
Due from other funds
Total current assets
FIXED ASSETS:
Unclassified utility plant in service
Equipment
Less accumulated depreciation
Net fixed assets
TOTAL
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES:
Accounts payable
Accrued expenses
Due to other funds
Total current liabilities
ACCRUAL FOR LANDFILL CLOSURE AND POSTCLOSURE COSTS
FUND EQUITY:
Contributions in aid of construction:
State of Alaska
Other
Accumulated amortization
Net contributions in aid of construction
Accumulated deficit, unreserved
Total fund equity
TOTAL
$ 160,395
20,455
125U,2SJU
/,.i 6U,YtS 1
2,483,473
19,990
2,503,463
1,V0`1,7J /
(1,450,639)
EXHIBIT E -4
$ 159,453
18,488
5,000
182,941
1,984,423
2,167,364
2,483,473
19,990
2,503.463
(744,287)
1,759,176
(1,474,443)
284,733
84
KODIAK ISLAND BOROUGH
349,450
38,220
EXHIBIT E -5
MUNICIPAL SOLID WASTE COLLECTION AND DISPOSAL FUND
1.163,688
(53,288)
STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
302,000
288,120
13,880
CHANGES IN RETAINED EARNINGS
40,500
33,415
7,085
BUDGET AND ACTUAL
227,410
227,512
(102)
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
116,800
113,936
2,864
110,601
1998
176,233
29,987
176,783
-
Variance -
(50,536)
74,907
68,000
Favorable
1997
Budget
Actual
(Unfavorable)
Actual
OPERATING REVENUES:
(77.000)
(50.692)
(26,308)
Solid waste collection $ 1.565,000 $
1,539,677
$ (25,323)
$ 1.593,818
Solid waste disposal 802,000
870,753
68,753
741,941
Other 15,000
9,777
(5,223)
16,568
2.382.000
2,420.207
38,207
2,352.327
OPERATING EXPENSES:
Personnel services
Solid waste collection
Contracted services
Repairs and maintenance
Landfill closure and postclosure costs
Depreciation
General and administration
Contributions
Recycling services
Operating income (loss)
OTHER INCOME (EXPENSES):
Interest income
Loss on sale of fixed assets
Net income (loss)
Amortization of contributions in
aid of construction
Increase in retained earnings
Retained deficit, at beginning of year
Retained deficit, at end of year
387.670
349,450
38,220
362,483
1,110,400
1.163,688
(53,288)
1,110.129
302,000
288,120
13,880
247,268
40,500
33,415
7,085
29.229
227,410
227,512
(102)
(246,629)
116,800
113,936
2,864
110,601
206,220
176,233
29,987
176,783
-
50,536
(50,536)
74,907
68,000
68,009
(9)
11,058
2,459,000
2,470,899
(11,899)
1,875,829
(77.000)
(50.692)
(26,308)
476.498
257
257
770
-
(1.288)
257
257
(518)
$ (77.000)
(50.435) $
(25.794)
475.980
74.239
76.805
23.804 552.785
(1.474.443) (1027,228)
$ (1.450.639) $ (1,474,443)
85
KODIAK ISLAND BOROUGH
MUNICIPAL SOLID WASTE COLLECTION AND DISPOSAL FUND
STATEMENTS OF CASH FLOWS
YEARS ENDED JUNE 30, 1998 AND 1997
EXHIBIT E -6
1998 1997
OPERATING INCOME (LOSS) $ (50,692) S 476,498
ADJUSTMENTS TO RECONCILE OPERATING INCOME (LOSS) TO
NET CASH PROVIDED BY OPERATING ACTIVITIES:
Depreciation
Changes in assets and liabilities:
Customer receivables
Due from other funds
Due to other funds
Accounts payable
Customer deposits
Accrual for landfill closure and postclosure costs
Other accrued liabilities
Total adjustments
Net cash provided by operating activities
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES:
Acquisition and construction of capital assets
Proceeds from sale of equipment
Net cash used for capital and related financing activities
CASH FLOWS FROM INVESTING ACTIVITIES:
Interest and dividends paid on investments
Net change in cash and cash equivalents
CASH AND CASH EQUIVALENTS, at beginning of year
CASH AND CASH EQUIVALENTS, at end of year
113,936
110,601
27,305
21,071
(290,000)
-
(5,000)
(144,100)
942
(65,670)
-
(700)
215,708
(332,290)
1,967
3,197
64,858
(407,891)
14,166
68,607
(7,255) (68,595)
2,150
7,168 2,932
$ 10,286 $ 3,118
86
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
KODIAK ISLAND BOROUGH
HOSPITAL FACILITIES FUND
BALANCE SHEETS
AS OF JUNE 30, 1998 AND 1997
EXHIBIT E -7
ASSETS
CURRENT ASSETS:
Equity in central treasury
Temporary investments
Due from other funds
Inventories
Total current assets
RESTRICTED ASSETS:
Cash with fiscal agent
Temporary investments
Total restricted assets
FIXED ASSETS:
Land and improvements
Buildings
Machinery and equipment
Work -in- process
Less accumulated depreciation
Net fixed assets
TOTAL
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES:
Accounts payable
Due to other funds
Deferred revenues
Current portion of long-term debt
Current portion of capital lease obligations
Total current liabilities
NONCURRENT LIABILITIES:
Long -term debt
Capital lease obligations
Total noncurrent liabilities
FUND EQUITY:
Contributed capital:
Contributed capital
Accumulated deficits:
Accumulated deficits, unreserved
Total fund equity
TOTAL
87
1998 1997
$ 33,812X $
43,216
89,871 X
476,928
500,000 X
660,000
277,007 X
277,007
32,266X.
40,275
900,690
1,457,151
208,203 X
1,642,622
139,520
150,768
347,723
1,793,390
32,266X.
40,275
4,583,308 )(
4,145,676
5,340,360 )(
3,906,168 X
5,143,558
2,377,778 1 S �• 4� 3 f o
(5,622,984) X
(5,039,009) ,S`53 1 1 7,5 -
8,239,118
6,668,278
$ 9,487,531 $
9,918,819
$ 98,005 $ 100,619
- 1,500.000
60,000 -
523,349 492,063
912,327 2,422,501
1450.303 1971.335
.i 3 O V4,252.i 4,J
4,517,150 6,801,783
5,147,927 4,298,512
(177,546) (1,181,476)
4,970,381 3,117,036
$ 9,487,531 $ 9,918,819
E
KODIAK ISLAND BOROUGH
EXHIBIT E -8
rt
HOSPITAL FACILITIES FUND
STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
'
CHANGES IN RETAINED EARNINGS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
'
1998
Variance
favorable
1997
'
Budget
Actual
(unfavorable)
Actual
OPERATING REVENUES:
State sources - revenue sharing
$ 70,000
$ 70,751
$ 751
S -
Rental income
720,000
720,000
-
120,000
'
Other income
-
16,965
16,965
-
790,000
807,716
17,716
120,000
'
OPERATING EXPENSES:
Personnel services
-
-
-
6,529
Professional services
-
-
-
102,097
'
Depreciation
-
583,975
(583,975)
102,506
General and administration
Medicaid refund
250,000
65,200
20,729
163,140
229,271
(97,940)
-
-
'
315,200
767,844
(452,644)
211,132
Operating income (loss)
474,800
39,872
(434,928)
(91,132)
'
OTHER INCOME (EXPENSES):
Interest income
Interest expense
60,000
(382,640)
70,149
(395,151)
10,149
(12,511)
7,821
(249,991)
'
Loss on disposal of fixed assets
(10,940)
(10,940)
Loss on disposal of hospital operations,
net of proceeds of $2,000,000
-
-
-
(74,971)
Income (loss) before operating transfers
152,160
(296,070)
(448,230)
(408.273)
OTHER FINANCING SOURCES (USES):
Operating transfers in from
'
component units
-
-
-
726,797
Operating transfers in from other funds:
Capital projects - hospital
1,300,000
1.300.000
-
-
,
Operating transfers out to other funds:
Capital projects - hospital
-
-
-
(1,500,000)
Net other financing sources (uses)
1,300,000
1,300.000
-
(773,203)
'
Net income (loss)
$ 1,452,160
1,003,930
$ (448,230)
(1,181,476)
Accumulated deficit, at beginning of year
(1,181.476)
,
Accumulated deficit, at end of year
$ (177,546)
$ (1,181,476)
88
'
'
KODIAK ISLAND BOROUGH
EXHIBIT E -9
HOSPITAL FACILITIES FUND
STATEMENTS OF CASH FLOWS
YEARS ENDED JUNE 30, 1998 AND 1997
1998
1997
'
OPERATING INCOME (LOSS) $
39,872
$ (91,132)
ADJUSTMENTS TO RECONCILE OPERATING INCOME (LOSS) TO NET CASH
'
PROVIDED BY (USED FOR) OPERATING ACTIVITIES:
Depreciation
583,975
102,506
Loss on disposal of fixed assets
10,940
-
'
Changes in assets and liabilities:
Due from other funds
160,000
(660,000)
Accounts payable
(2,614)
100,619
Due to other funds
(1,500,000)
1,500,000
'
Deferred revenues
60,000
Total adjustments
(687,699)
1,043,125
t Net
cash provided by (used for) operating activities
(647,827)
951,993
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
Cash transferred from hospital component unit
203,692
'
Equity transfers -out to capital projects funds
=
(1,405,646)
Operating transfer -out to capital projects funds
(1,500,000)
Operating transfers -in from hospital component unit
1,300,000
726,797
Net cash provided by (used for)
noncapital financing activities
1,300,000
(1,975,157)
'
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES:
Acquisition and construction of capital assets
(1,538,080)
(2,377,778)
Interest paid on note payable and capital leases
(395,151)
(249,991)
Proceeds from issuance of note payable
-
4,471,910
'
Proceeds from disposal of component unit hospital operation
-
2,000,000
Principal payments on note payable
(489,746)
(462,648)
Principal payments on capital lease obligations
(352,273)
(52.616)
'
Contributed capital received from private trusts
210,800
-
Net cash provided by (used for)
and related financing activities
(2,564,450)
3,328,877
CASH FLOWS FROM INVESTING ACTIVITIES:
Interest and dividends paid on investments
70,149
7,821
Purchase of investments
-
(476.928)
Maturities of investments
387,057
-
1
Deductions from (additions to) restricted cash
1,434,419
(1,793,390)
Deductions from restricted investments
11,248
-
Net cash provided by (used for) investing activities
1,902,873
(2,262,497)
Net change in cash and cash equivalents
(9,404)
43,216
'
CASH AND CASH EQUIVALENTS, at beginning of year
CASH AND CASH EQUIVALENTS, at end of year $
43,216
-
33,812
$ 43,216
89
KODIAK ISLAND BOROUGH
911 SERVICES FUND
BALANCE SHEETS
AS OF JUNE 30, 1998 AND 1997
EXHIBIT E -10
ASSETS
1998
1997
ASSETS:
Equity in central treasury
$
10,669
$
82,942
Customer receivables
-
10,650
TOTAL
LIABILITIES AND FUND EQUITY IN
$
10,669
$
93,592
(DEFICIENCY ASSETS)
LIABILITIES:
Due to City of Kodiak
$
38,583
$
-
Due to other funds
13,000
-
Total liabilities
51,583
-
FUND EQUITY (DEFICIENCY IN ASSETS):
Retained earnings (accumulated deficit), unreserved
(40,914)
93,592
TOTAL
$
10,669
$
93,592
a
KODIAK ISLAND BOROUGH EXHIBIT E -11
911 SERVICES FUND
STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN RETAINED EARNINGS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
Variance -
Favorable 1997
Budget Actual (Unfavorable) Actual
OPERATING REVENUES:
Customer charges $ 92,400 $ 51.270 $ (41,130) $ 93,592
92,400 51,270 (41,130) 93,592
OPERATING EXPENSES:
Telephone services
Operating income (loss)
Retained earnings, at beginning of year
Retained earnings (accumulated deficit), at end of year
92,400 185,776 (93,376)
92,400 185,776 (93,376)
$ - (134,506) $ (134,506)
93,592
$ (40,914)
93,592
$ 93,592
a
KODIAK ISLAND BOROUGH
911 SERVICES FUND
STATEMENTS OF CASH FLOWS
YEARS ENDED JUNE 30, 1998 AND 1997
EXHIBIT E -12
1998 1997
OPERATING INCOME (LOSS) $ (134,506) $ 93,592
ADJUSTMENTS TO RECONCILE OPERATING INCOME (LOSS)
TO NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:
Changes in assets and liabilities:
Customer receivables
Due to other funds
Due to City of Kodiak
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
10,650
(10,650)
13,000
-
38,583
62,233
(10,650)
(72,273)
82,942
(72,273)
82,942
82,942
-
$ 10,669 $
82,942
92
DIAK ISLAND B
KODIAK FISHERIES RESEARCH CENTER FUND
BALANCESHEET
AS OF JUNE 30, 1998
1998
ASSETS
FIXED ASSETS:
Work -in- process
8,000,000
TOTAL
$ 8,000,000
LIABILITIES AND DEFICIENCY IN ASSETS
CURRENT LIABILITIES:
Due to other funds
246,141
Total current liabilities
246,141
NONCURRENT LIABILITIES:
Long -term interfund borrowings
8,000,000
Total liabilities
8,246,141
DEFICIENCY IN ASSETS:
Accumulated deficit, unreserved
(246,141)
Total deficiency in assets
(246,141)
TOTAL
$ 8,000,000
F". 1ti'.3 1 1 "I
93
KODIAK ISLAND BOROUGH
KODIAK FISHERIES RESEARCH CENTER FUND
STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN RETAINED EARNINGS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998
1998
OTHER INCOME:
Interest income
Income before operating transfers
OTHER FINANCING USES:
Operating transfers out to other funds
Special revenues - Facilities Fund
Net loss
Retained earnings at beginning of year
Accumulated deficit at end of year
EXHIBIT E -14
variance-
Favorable
Budget Actual (Unfavorable)
173,859 173,859
173,859 173,859
(420,000) (420,000)
(246,141) $ (246,141)
$ (246,141)
94
KODIAK ISLAND BOROUGH
KODIAK FISHERIES RESEARCH CENTER FUND
STATEMENT OF CASH FLOWS
YEAR ENDED JUNE 30, 1998
EXHIBIT E -15
1998
OPERATING INCOME
$ -
ADJUSTMENTS TO RECONCILE OPERATING INCOME (LOSS) TO
NET CASH PROVIDED BY OPERATING ACTIVITIES:
Changes in assets and liabilities:
Due to other funds
246,141
Total adjustments
246,141
Net cash provided by operating activities
246,141
CASH FLOWS FROM NONCAPITAL AND RELATED FINANCING ACTIVITIES:
Operating transfer -out to capital projects funds
(420,000)
Net cash used for noncapital financing activities
(420,000)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES:
Acquisition and construction of capital assets
(8,000,000)
Proceeds from issuance of long -term interfund borrowing
8,000,000
Net cash provided by capital and related
financing activities
-
CASH FLOWS FROM INVESTING ACTIVITIES:
Interest income
173,859
Net cash provided by investing activites 173.859
Net change in cash and cash equivalents -
CASH AND CASH EQUIVALENTS, at beginning of year -
CASH AND CASH EQUIVALENTS, at end of year $ -
M
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.
KODIAK ISLAND BOROUGH EXHIBIT F -1
MANAGEMENT INFORMATION SYSTEMS FUND
BALANCE SHEETS
AS OF JUNE 30, 1998 AND 1997
1998 1997
ASSETS
CURRENT ASSETS:
Equity in central treasury $ 87,242 $ 81,106
Account receivables, net - 17,725
Prepaid expenses 16,848 25,272
Total current assets 104,090 124,103
FIXED ASSETS:
Machinery and equipment 980,897 912,329
Less accumulated depreciation (593,605) (504,746)
Net fixed assets 387,292 407,583
TOTAL
$ 491,382 $ 531,686
CURRENT LIABILITIES:
Accounts payable
Accrued liabilities
Total current liabilities
FUND EQUITY:
Contribution in aid of construction
Accumulated deficit
Total fund equity
TOTAL
$ 9,965 $ 1,286
38,812 36,460
617,382 617,382
(174,777) (123,442)
442,605 493,940
S 491,382 S 531,686
97
KODIAK ISLAND BOROUGH EXHIBIT F -2
MANAGEMENT INFORMATION SYSTEM FUND
STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN RETAINED EARNINGS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1998 (with comparative totals for 1997)
1998
Variance -
Favorable 1997
Budget Actual (Unfavorable) Actual
OPERATING REVENUES:
Charges for services:
General Fund
Mental Health Center
Day Care Assistance Fund
Municipal Solid Waste Collection
and Disposal Fund
Land Sale Fund
Kodiak Island Hospital and Care Center
Sale of copies
OPERATING EXPENSES:
Personnel services
Repairs and maintenance
Depreciation
Supplies
General and administration
Net loss
$ 242,900
$ 558,292
$ 315,392
$ 467,377
46,930
34,951
(11,979)
-
2,670
2,670
-
1,800
4,920
4,904
(16)
2,964
5,700
5,700
-
3,303
50,000
33,333
(16,667)
91,156
32,290
22,693
(9,597)
27,491
385,410
662,543
277,133
594,091
428,230
432,619
(4,389)
404,896
79,525
84,603
(5,078)
28,423
102,980
88,859
14,121
73,752
46,135
45,129
1,006
32,958
66,960
62,668
4,292
58,163
723,830
713,878
9,952
598,192
$ (338,420)
(51,335)
$ 287,085
(4,101)
ACCUMULATED DEFICIT, at beginning of year (123,442) (119,341)
ACCUMULATED DEFICIT, at end of year $ (174,777) $ (123,442)
98
KODIAK ISLAND BOROUGH EXHIBIT F -3
MANAGEMENT INFORMATION SYSTEMS FUND
STATEMENTS OF CASH FLOWS
YEARS ENDED JUNE 30, 1998 AND 1997
1998 1997
OPERATING LOSS $ (51,335) $ (4,101)
ADJUSTMENTS TO RECONCILE OPERATING LOSS TO NET CASH
PROVIDED BY OPERATING ACTIVITIES:
Depreciation
Changes in assets and liabilities:
Accounts receivables, net
Prepaid expenses
Accounts payable
Accrued liabilities
Total adjustments
Net cash provided by operating activities
CASH FLOWS FROM INVESTING 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
88,859
73,752
17,725
(17,725)
8,424
8,424
8,679
(4,995)
2,352
(6,158)
126,039
53,298
74,704
49,197
(68,568)
(105,016)
6,136
(55,819)
81,106
136,925
$ 87,242 $
81,106
..
1
1
1
I
I
r
1
iJ
11
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.
BOROUGH EXHIBIT G -1
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF FIXED ASSETS BY SOURCE
AS OF JUNE 30, 1998
1998
GENERAL FIXED ASSETS:
Land
$
5,397,389
Buildings
88,4 l 8,025
Improvements other than buildings
858,460
Machinery and equipment
1,503,883
Construction work -in- progress
28,345,940
TOTAL
$
124,523,697
INVESTMENT IN GENERAL FIXED ASSETS:
Capital Projects Funds:
General obligation bonds
$
75,762,883
Federal grants
4,316,206
State grants
16,288,159
General Fund revenues
8,552,684
Special Revenue Fund revenues
4,256,203
Contributions from State of Alaska
10,036,366
Contributions from Federal Government
1,259,300
Contributions from others
4,051,896
TOTAL
$
124,523,697
BE
102
1�
K ODIAK ISLAND BOROUGH
EXHIBIT G -2
GENERAL FIXED ASSETS ACCOUNT GROUP
Y
SCHEDULE OF GENERAL FIXED ASSETS
,
BY FUNCTION AND ACTIVITY
AS OF JUNE 30, 1998
Improvements
Machinery
Total
Land
Buildings
Other Than
Buildings
and
Equipment
Staff agencies:
Borough mayor $
23,189
$ -
$ -
$ -
$ 23,189
Borough clerk
39,848
-
-
-
39,848
Finance department
116,328
-
-
-
116,328
Assessing department
61,341
-
-
-
61,341
e
Community development department
101,147
-
-
-
101,147
Borough engineering and
facilities department
82,075
-
-
-
82,075
g
Land sales
15,154
-
-
-
15,154
General administration
127,715
-
-
-
127,715
Mental Health Center
173,825
-
-
-
173,825
Child Care Assistance Program
2,265
-
-
-
2,265
Coastal management
1,629
-
-
-
1,629
G
Total staff agencies
744,516
-
-
-
744,516
Public safety:
Emergency preparedness
229,321
-
100,000
-
129,321
Fire Protection Area No. 1
1,138,059
241,136
614,520
-
282,403
Womens Bay Service Area
639,415
-
425,655
-
213,760
Woodland Acres Street Light
Service Area
3,014
-
-
3,014
-
Kodiak Transit Authority
73,095
-
-
-
73,095
i
Total public safety
2,082,904
241,136
1,140,175
3,014
698,579
Schools
81,240,673
-
81,240 673
-
-
Teacher housing
231,560
-
231,560
-
-
General government buildings
4,849,712
-
4,805,617
13,307
30,788
Building sites
404,402
404,402
-
-
-
Playgrounds
710,239
-
-
710,239
-
Other
1,161,900
-
1,000,000
131,900
30,000
88,598,486
404,402
87,277,850
855,446
60,788
Undeveloped land
4,751,851
4,751,851
-
-
-
96,177,757
5,397,389
88,418,025
858,460
1,503,883
Construction work -in- progress
28,345,940
-
27,961,211
-
384,729
Total general fixed assets $
124,523,697
$ 5,397,389
$ 116,379,236
$ 858,460
$ 1,888,612
102
L : i 1
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
FOR THE YEAR ENDED JUNE 30, 1998
EXHIBIT G -3
103
General Fixed
General Fixed
Assets at
Assets at
July 1, 1997
Additions
Deletions
June 30, 1998
Staff agencies:
Borough mayor
$ 23,189
$ -
$ -
$ 23,189
Borough clerk
38,646
4,107
2,905
39,848
Finance department
114,860
8,072
6,604
116,328
Assessing department
62,000
-
659
61,341
Community development department
125,753
-
24,606
101,147
Borough engineering and
facilities department
82,075
-
-
82,075
Land sales
19,272
677
4,795
15,154
General administration
127,715
-
-
127,715
Mental Health Center
157,625
16,200
-
173,825
Child Care Assistance Program
1,240
1,025
-
2,265
Coastal management
1,123
506
-
1,629
Total staff agencies
753,498
30,587
39,569
744,516
Public safety:
Emergency preparedness
227,598
1,723
-
229,321
Fire Protection Area No. 1
1,123,080
14,979
-
1,138,059
Womens Bay Fire District
639,415
-
-
639,415
Woodland Acres Street Light
Service Area
3,014
-
-
3,014
Kodiak Transit Authority
-
73,095
-
73,095
Total public safety
1,993,107
89,797
-
2,082,904
Schools
81,240,673
-
-
81,240,673
Teacher housing
125,715
105,845
-
231,560
General government buildings
4,825,783
23,929
-
4,849,712
Building sites
404,402
-
-
404,402
Playgrounds
710,239
-
-
710,239
Other
1,161,900
-
-
1,161,900
88,468,712
129.774
-
88.598,486
Undeveloped land
4,751,851
-
-
4,751,851
95,967,168
250,158
39,569
96,177,757
Construction work -in- progress
24,668,482
7,303,266
3,625,808
28,345,940
Total general fixed assets
$ 120,635,650
S 7,553,424
S 3,665,377
$ 124,523,697
103
1
1
u
1
71
1
J
1
1
1
1
GENERAL LONG -TERM DEBT ACCOUNT GROUP
The General Long Term Debt Account Group is a self -
balancing account group which is used to account for unmatured
general long -term debt and other obligations backed by the full faith
and credit of the Borough except those long -term obligations which
are required to be accounted for in the proprietary fund types and
trust funds.
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, 1998
Annual principal and interest requirements on General Obligation Refunding and Construction Bonds.
Ye
Princip
Interest
T
1999
$ 1,745,000
$ 1,035,416
$ 2,780,416
2000
1,840,000
934,398
2,774,398
2001
1,945,000
825,663
2,770,663
2002
825,000
752,058
1,577,058
2003
860,000
716,170
1,576,170
2004
900,000
678,330
1,578,330
2005
940,000
637,380
1,577,380
2006
980,000
592,730
1,572,730
2007
1,030,000
544,710
1,574,710
2008
1,085,000
489,090
1,574,090
2009
1,145,000
430,500
1,575,500
2010
1,205,000
368,670
1,573,670
2011
1,270,000
303,600
1,573,600
2012
1,340,000
233,750
1,573,750
2013
1,415,000
160,050
1,575,050
2014
1,49
82,224
1,577,224
$ 20, 02 0 ,000
$ 8, 784,739
$ 28,804,739
107
ISLAND BOROUGH EXHIBIT I -2
KODIAK, ALASKA
GENERAL OBLIGATION SCHOOL REFUNDING BONDS, SERIES 1989
RETIREMENT SCHEDULE
This issue, dated May 1, 1989, consists of 2,000 bonds in the amount of $5,000 each, totaling
$10,000,000. Bonds numbered 1 through 1161 have been retired. Bonds number 1162 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
$ 3,250,000 $ 231,353 $ 118,380 $ 3,599
* Maturities on and after August 1, 1997 are callable at any interest date thereafter.
108
Bond
Principal
Interest
Interest
Fiscal
Interest
Numbers
Due
Due
Due
Year
Rate
Inclus
August 1
Augu 1
February 1
Tota
1999
6.90
1351 -1553
$ 1,015,000
$ 112,973
$ 77,955
$ 1,205,928
2000
6.95
1554 -1769
1,080,000
77,955
40,425
1,198,380
2001
7.00
1770 -2000
1,155,000
40,425
-
1,195,4
$ 3,250,000 $ 231,353 $ 118,380 $ 3,599
* Maturities on and after August 1, 1997 are callable at any interest date thereafter.
108
1
1
f
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
"If 1 X1:1'1
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.
Bonds are payable at First Trust N.A., St. Paul, Minnesota.
Fiscal
Yea
1999
2000
2001
2002
2003
2004
2005
2006
Interest Principal Interest
Interest Due Due Due
Rate Augu 15 February 15 February 15 To tal
3.90 $ 149,889 $ 730,000 $ 149,889 $ 1,029,778
4.05 135,654 760,000 135,654 1,031,308
4.20 120,264 790,000 120,264 1,030,528
4.35 103,674 825,000
85 730 860,000 1Y 11
4.40 ,
4.55 66,810 900,000 2 I L
4.75 46,335 940,000 ✓() ,�,�c,� � / n ���
4.90
24,01 980.000
$ 732,366 $ 6,7 85,000
l,.
�
i ll� I
KODIAK ISLAND BOROUGH EXHIBIT I -4
KODIAK, ALASKA
GENERAL OBLIGATION BONDS, 1994 SERIES A
RETIREMENT SCHEDULE
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.
Bonds are payable at First Trust N.A., St. Paul, Minnesota.
ffiff
Interest
Principal
Interest
Fiscal
Interest
Due
Due
Due
Yea
Ra
Augus 1 5
February 15
Februa 1 5
Total
1999
$ 272,355
$ -
$ 272,355
$ 544,710
2000
272,355
-
272,355
544,710
2001
272,355
-
272,355
544,710
2002
272,355
-
272,355
544,710
2003
272,355
-
272,355
544,710
2004
272,355
-
272,355
544,710
2005
272,355
-
272,355
544,710
2006
272,355
-
272,355
544,710
2007
5.40
272,355
1,030,000
272,355
1,574,710
2008
5.40
244,545
1,085,000
244,545
1,574,090
2009
5.40
215,250
1,145,000
215,250
1,575,500
2010
5.40
184,335
1,205,000
184,335
1,573,670
2011
5.50
151,800
1,270,000
151,800
1,573,600
2012
5.50
116,875
1,340,000
116,875
1,573,750
2013
5.50
80,025
1,415,000
80,025
1,575,050
2014
5.50
41,112
1 ,495,000
41,112
1,
$ 3,485,137
$ 9,98 5,000
$ 3, 4 8 5,137
$ 16, 955,274
ffiff
KODIAK ISLAND BOROUGH EXHIBIT 1 -5
KODIAK, ALASKA
ASBESTOS REMOVAL LOAN PAYABLE
RETIREMEN 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.
Fiscal
Yea
1999
2000
2001
2002
2003
2004
2005
Interest
7.00
7.00
7.00
7.00
7.00
7.00
7.00
Principal
Due
December 3
$ 10,416 $
10,417
10,416
10,417
10,416
10,417
10,417
$ 72,916 $ 62, 499 $
Interest
Due* Total
10,416 $
- $ 20,832
10,417
- 20,834
10,416
- 20,832
10,417
- 20,834
10,416
- 20,832
10,417
- 20,834
-
- 10,417
Principal
Due
June 30
- $ 135,415
* No interest is payable until a payment due is in default; then interest, penalties and fees become due.
1
1
J
H
s
STATISTICAL SECTION
Statistical Tables provide report users with a better historical
perspective in assessing current financial status and trends of
the Borough.
1
TABLE 1
KODIAK, ALASKA
GENERAL GOVERNMENTAL EXPENDITURES
AND OTHER USES BY FUNCTION (a)
LAST TEN FISCAL YEARS
113
Other
Fiscal
General
Health and
Operating
Year
Government
Sanitation (b)
Education (b)
Transfers
Total
1989
$ 2,208,351
$ 517,112
$ 2,128,997
$ 768,100
$ 5,622,560
1990
2,478,619
367,921
2,334,650
553,312
5,734,502
1991
2,791,798
621,000
2,143,633
460,325
6,016,756
1992
2,739,848
706,251
3,027,510
500,000
6,973,609
1993
2,955,824
674,032
3,374,721
137,962
7,142,539
1994
2,555,349
690,430
3,615,695
322,228
7,183,702
1995
2,681,472
1,442,644
3,861,967
164,649
8,150,732
1996
2,941,453
1,390,307
4,678,830
267,594
9,278,184
1997
2,664,204
1,393,016
5,083,942
250,000
9,391,162
1998
2,848,473
1,506,992
6,466,321
571,296
11,393.082
(a) Includes
general fund only.
(b) Includes
operating transfers for this function.
Source:
Borough general ledger
113
KODIAK ISLAND BOROUGH TABLE 2
KODIAK, ALASKA
GENERAL REVENUES AND OTHER FINANCING SOURCES
LAST TEN FISCAL YEARS
(a) Includes general fund only.
Source: Borough general ledger
114
Licenses,
Inter -
Fiscal
Permits
Governmental
Investment
Operating
Year
Taxes
and Fees
Revenue
Income
Transfers
Total
1989
$ 2,515,436
$ 95,748
$3,449,948
$ 354,523
$ 56,410
$6,472,065
1990
2,640,044
120,145
1,316,238
540,851
68,790
4,686,068
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
7,589,594
195,425
2,739,075
389,252
-
10,913,346
(a) Includes general fund only.
Source: Borough general ledger
114
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
TABLE 3
Source: Borough general ledger
offil
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
1989
$1,991,902
$1,987,251
99.8
S 4,474
$1,991,725
99.9
S 21,136
1.1
1990
2,034,500
2,017,190
99.1
12,351
2,029,541
99.8
28,640
1.4
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
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
Source: Borough general ledger
offil
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
800,000,000 ,
600, 000, 000
1 1I s11
200, 000, 000
116
0
1989 1990 1991 1992 1993 1994 1995 1996 1997 1998
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
1989
379,969,521
390,550,900
48,795,064
204,075,100
428,764,585
594,626,000
72,11
1990
378,072,396
415,666,660
58,727,868
229,477,103
436,800,264
645,143,763
67.71
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
7162
1996
538,627,500
560,459,900
101,835,076
318,741,600
640,462,576
879,201,500
7185
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
Source: Borough assessment and tax records
Last Ten Years Assessed Values
800,000,000 ,
600, 000, 000
1 1I s11
200, 000, 000
116
0
1989 1990 1991 1992 1993 1994 1995 1996 1997 1998
1
1
1
1
1
i
1
TABLE 5
KODIAK, ALASKA
PROPERTY TAX RATES AND
CONTRIBUTIONS TO THE SCHOOL DISTRICT
(PER $100 OF ASSESSED VALUE)
LAST TEN FISCAL YEARS
Fiscal
Assessed
Amount of
Woodland
Year
Value
Contribution
Equivalent
1989 $
Acres
$ 2,880,982
6.72
1990
436,800,264
2,869,558
6.57
1991
KIB
City
Street
ROAD SERVICES
AREAS
3,779,444
FIRE AREAS
Fiscal
General
of
Lighting
Monashka
Service
Bay View
Womens
Service
Womens
Year
Fund
Kodiak
Area
Bay
District 1
Road
Bay
Area No. I
Bay
1989
4.50
2.00
0.00
2.00
0.25
1.50
1.50
1.50
0.25
1990
4.50
2.00
0.00
1.25
0.70
1.00
1.50
1.25
1.25
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
Fiscal
Assessed
Amount of
Millage
Year
Value
Contribution
Equivalent
1989 $
428,764,585
$ 2,880,982
6.72
1990
436,800,264
2,869,558
6.57
1991
479,942,347
2,944,606
6.14
1992
516,304,869
3,779,444
7.32
1993
559,359,084
3,723,411
6.66
1994
591,436,473
3,795,847
6.42
1995
614,570,795
3,969.399
6.46
1996
640,462,576
4,773,968
7.45
1997
654,134,651
5,199,877
7.95
1998
681,342,892
6,222,261
9.13
Source: Borough ordinance and assessment
117
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
TEN LARGEST PROPERTY TAXPAYERS
YEAR ENDED JUNE 30, 1998
TABLE 6
International Seafoods
Tyson Seafoods
Western Alaska Fisheries
Ocean Beauty Seafood
Alaska Pacific Seafoods
Sea -Land Services
T.U. of the Northland
Kodiak Fishmeal Co.
Safeway /MBPA
Leisnoi
Totals
Source: Borough tax records
Percentage
Percentage
of Total
1997
Net
of Total
Assessed
Assessed
Taxes
Taxes
Value
Valuation
Levied
Levied
2.1%
$ 14,062,209
$ 146,649
2.6%
2.0%
13,829,068
140,531
2.5%
1.7%
11,299,304
115,026
2.1%
1.5%
10,263,993
110,436
2.0%
1.5%
10,120,028
101,961
1.8%
1.4%
9,437,400
101,806
1.8%
1.5%
10,299,432
99,256
1.8%
1.3%
9,091,653
89,139
1.6%
1.2%
8,099,123
87,720
1.6%
1.0%
7,035,900
65,082
1.2%
15.2%
$ 103,538,110
$ 1,057,607
19.0%
118
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
RATIO OF NET GENERAL BONDED DEBT (a)
LAST TEN FISCAL YEARS
TABLE 7
WE
Ratio
Net
of Net
Bonded
Less Debt
Bonded Debt
Debt
Fiscal
Assessed
Gross
Service
Net Bonded to Assessed
Per
Year
—Population (b) Value
Bonded Debt
Fund
Debt Value
Capita
1989
15,575 $428,764,585
$17,550,000
$5,310,721
$12,239,279 2.9
786
1990
1b) 15,558 436,800,264
15,310,000
6,683,745
8,626,255 2.0
554
1991
15,679 479,942,347
13,735,000
7,307,730
6,427,270 1.3
410
1992
15,535 516,304,869
12,195,000
6,556,480
5,638,520 1.1
363
1993
15,535 559,359,084
10,470,000
5,847,171
4,622,829 0.8
298
1994
15,245 591,436,473
27,915,000
4,133,559
23,781,441 4.0
1,560
1995
15,575 614,570,795
25,665,000
2,075,768
23,589,232 3.8
1,515
1996
15,400 640,462,576
23,205,000
1,759,644
21,445,356 3.3
1,393
1997
14,058 654,134,651
21,660,000
549,569
21,110,431 3.2
1,502
1998
14,181 681,342,892
20,020,000
432,942
19,587,058 2.9
1,381
Sources:
(a) Information obtained from assessment records and Borough general ledger except as otherwise noted.
(b) 1990 population is per U.S. Bureau of Census (preliminary); others are estimates from the
Borough Community Development
Department based
on the "Housing Unit Method."
(c) Information obtained from State of Alaska, Department of Community
and Regional Affairs,
Certified Population for Revenue
Sharing Program.
WE
KODIAK ISLAND BOROUGH TABLE 8
KODIAK, ALASKA
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
AS OF JUNE 30, 1998
Percentage Kodiak Island
Net Debt Applicable to this Borough
Outstanding Governmental Share of
(a) Unit (b) Debt (c)
Kodiak Island Borough:
General obligation bonds S 19,587,058 100% S 19,587,058
City of Kodiak:
General obligation bonds -
Revenue bonds 4,583,530 100% 4,583,530
Total S 24,170,588 S 24,170,588
(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
120
1
r
1
1
1
1
i
A
1
t
KODIAK, ALASKA
COMPUTATION OF LEGAL DEBT MARGIN
AS OF JUNE 30, 1998
TABLE 9
Assessed value
Plus exempt property
Total
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
$ 681,342,892
2,420,544,252
$ 3,101,887,144
121
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
Fiscal Interest
Year Principal (a) and Fees
1989 $ 5,135,833 $ 1,502,762
Total Debt
Total
General
Expenditures
$ 6,638,595 $ 5,622,560
Ratio of
Debt Service
to General
Expenditures
118.1
1990
2,260,833
978,583
3,239,416
5,803,292
55.8
1991
1,595,834
1,019,401
2,615,235
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
11,393,082
24.6
(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
122
1
t
1
i
1
1
1
1
1
9
t
1
I
1
1
1
1
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEA
TABLE 11
123
Fiscal
School
Unemployment
Year Population (a)
Enrollment (b)
Rate (c)
1989 15,575
2,349
6.2
1990 15,558
2,381
5.6
1991 15,679
2,486
8.2
1992 15,535
2,602
5.1
1993 15,535
2,632
6.0
1994 15,245
2,802
9.4
1995 15,575
2,773
11.2
1996 15,400
2,793
13.7
1997 14,058
2,809
7.7
1998 14,181
2,897
8.2
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.
123
KODIAK ISLAND BOROUGH TABLE 12
KODIAK, ALASKA
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS
CONSTRUCTION
PROPERTY VALUE*
*Estimated actual value of real property.
Source: Borough assessing records, City of Kodiak building department and local bankers.
124
Commercial
Residential
Deposits
Fiscal
No. of
No. of
in Local
Year
Permits
Value
Permits
Value
Banks
Commercial
Residential
Nontaxable
1989
22
$ 1,174,346
131
$6,421,773
$ 93,830,000
$128,202,254
$ 266,409,021
$1,177,364,559
1990
18
1,709,715
104
8,109,662
90,221,433
115,477,806
314,539,889
1,993,871,408
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
1420,601,099
*Estimated actual value of real property.
Source: Borough assessing records, City of Kodiak building department and local bankers.
124
■s � � r � r � � r r ar r �r � r � r � r
KODUAK_I -L A BOROUGH TABLE 13
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.
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
Land area - square miles
7130
7,130
7,130
7,130
7,130
7,130
7,130
7,130
7130
7130
Miles of improved street
21.5
21.5
21.5
21.5
21.5
21.6
21.6
21.6
24.7
243
Miles of sanitary sewers
16.0
16.0
16.0
16.0
16.7
16.8
17
17
0 (c)
0
Number of water taps
748
748
748
873
877
913
921
921
0 (c)
0
Number of sanitary sewer taps
727
727
727
851
858
891
899
899
0 (c)
0
Building permits:
Number of playgrounds
15
Permits issued
153
122
221
211
108
191
218
201
148
188
Value of'huildings (thousands)
$7,596.10
$9,819.30
$9,398.90
$12,950.00
$9,577.70
$4,740.00
$10,360.00
$11,727.50
$7,822.40
$24.780.24
Dire protection:
Number of fire stations
2
2
2
2
2
2
2
2
2
2
Number ofemployees
1
i
1
1
I
1
1
I
1
1
Police protection - none
Recreation:
['arks - number of acres
223
223
223
223
223
223
223
224
224
224
Facilities:
Number of playgrounds
15
15
15
15
15
15
15
16
16
16
Number of swimming pools
1
I
I
1
I
I
I
1
I
I
Education:
N Number of schools:
v,
City of Kodiak Elementary
3
3
3
3
3
3
3
4
4
4
City of Kodiak Junior high
I
I
1
I
I
I
I
1
I
I
City of Kodiak High School
I
I
1
1
I
I
I
I
I
I
Village Schools (a)
8
8
9
9
9
9
9
9
9
9
Number of personnel (b)
Administration
6
6.9
7
6
5
5
5
6
6
5.2
Principals
8.7
8.3
9.5
9.5
9.5
9.5
II
12
11.65
11.41
Teachers
1 59.8
1 57.85
165.5
166.3
172.4
180
185.3
183.8
188.48
179.6
Technical
6.25
6.25
6.5
6.5
6.5
6.5
6.5
3
3.48
8.99
Clerical and Aides
72.8
70.72
70.1
64.1
75.3
81.3
73.3
61.7
63.68
72.68
Maintenance/Warehouse
19.9
19.9
18.8
19.2
19.1
19.1
19.7
12
9
10
Custodial
24.3
23.16
23.4
21.2
21.2
21.7
21.6
22.5
26.27
27.62
Food Service
6.2
8.4
8.8
8.4
8.3
8.3
8.5
3.7
4.19
6.29
Total number of personnel
303.95
301.48
309.6
301.2
317.3
331.4
330.9
3043
31235
321.79
Number of students
2,349
2,381
2,486
2,602
2,632
2,802
2,773
2,793
2809
2897
Number of municipal employees
66
70
75
72
67
64
65
63
63
50
Elections:
Number of'registered voters
6,150
6,352
6,707
6,263
6,654
7,061
7,382
8,217
9350
9967
Numbervoting in last election
1,459
2,327
1,959
1,986
2,328
2,634
2,113
1,471
2120
2076
Percent of registered voters
23.7%
37.0%
29.0%
31.8%
35.0%
37.0%
29.0%
29.0%
22.70%
20.8%
(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