CAFR FY19991
r
KODIAK ISLAND BOROUGH
Comprehensive Annual Financial Report
For the Year Ended June 30, 1999
' Kodiak, Alaska
Gary Stevens, Borough Mayor
h
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, 1999
TABLE OF CONTENTS
INTRODUCTORY SECTION
FINANCIAL SECTION
EXHIBIT PAGE
INDEPENDENT AUDITORS' REPORT ........................................................... ...............................
GENERAL PURPOSE FINANCIAL STATEMENTS
Combined Balance Sheet - All Fund Types, Account Groups and Discretely
Presented Component Unit ................................................................................. ..............................1
PAGE
ELECTED OFFICIALS ( PHOTOGRAPHS) .......................................................... ...............................
v
BOROUGH OFFICIALS ......................................................................................... ...............................
vii
BOARDSAND COMMITTEES ............................................................................. ...............................
viii
MAP OF KODIAK ISLAND BOROUGH .............................................................. ...............................
x
GFOA CERTIFICATE OF ACHIEVEMENT ........................................................ ...............................
xi
ORGANIZATIONALCHART ............................................................................... ...............................
xii
LETTEROF TRANSMITTAL ............................................................................... ...............................
xiii
FINANCIAL SECTION
EXHIBIT PAGE
INDEPENDENT AUDITORS' REPORT ........................................................... ...............................
GENERAL PURPOSE FINANCIAL STATEMENTS
Combined Balance Sheet - All Fund Types, Account Groups and Discretely
Presented Component Unit ................................................................................. ..............................1
4
Combined Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balances - All Governmental Fund Types and
Discretely Presented Component Unit ................................................................ ..............................2
8
Combined Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balances - Budget and Actual - General Fund,
Special Revenue Fund and Debt Service Fund ................................................... ..............................3
10
Combined Statement of Revenues, Expenses, Transfers and Changes in
Retained Earnings (Accumulated Deficits) - Proprietary Fund Types ................ ..............................4
12
Combined Statement of Cash Flows -
ProprietaryFund Types ...................................................................................... ..............................5
13
Notes to the Combined Financial Statements (an integral part of the combined financial statements)
15
Required Supplementary Information .................................................................... ...............................
41
ADDITIONAL INFORMATION
COMBINING, INDIVIDUAL FUND AND ACCOUNT GROUP
FINANCIAL STATEMENTS AND SCHEDULES
GENERAL FUND:
BalanceSheets .................................................................................................... ............................A -1 43
Statement of Revenues, Expenditures, Transfers and Changes
in Fund Balance - Budget and Actual ............................................................ ............................A -2 44
Schedule of Expenditures and Transfers - Budget and Actual. ....................................................... A-3 46
KODIAK ISLAND BOROUGH
Comprehensive Annual Financial Report
For the Year Ended June 30, 1999
TABLE OF CONTENTS (continued)
DEBT SERVICE FUNDS:
CombiningBalance Sheet ................................................................................... ............................0 -1 79
Combining Statement of Revenues, Expenditures
Transfers, and Changes in Fund Balances ..................................................... ............................... C -2 80
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual:
Bonds........................................................................................................... ............................... C -3 81
Other............................................................................................................... ............................0 -4 82
CAPITAL PROJECTS FUNDS:
CombiningBalance Sheet ................................................................................... ............................D -1 84
Combining Statement of Revenues, Expenditures,
Transfers and Changes in Fund Balances (Accumulated Deficits) ................... ............................D -2 86
Schedule of Capital Projects ............................................................................... ............................D -3 88
ii
EXHIBIT
PAGE
SPECIAL REVENUE FUNDS:
CombiningBalance Sheet ...................................................................................
............................B -1
52
Combining Statement of Revenues, Expenditures, Transfers
and Changes in Fund Balances (Accumulated Deficits) ...................................
............................B -2
56
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual:
Fire and Road Service Areas:
Fire:
Fire Protection Area No. 1 ....................................................................
............................B -3
59
WomensBay Fire Department ...............................................................
. .......................... B -4
60
Kodiak Airport Fire District ..................................................................
............................B -5
61
Road:
Monashka Bay Road Service Area ....................................................... ............................B -6
62
ServiceDistrict No. 1 ............................................................................
............................B -7
63
Womens Bay Service Area ...................................................................
............................B -8
64
Bay View Road Service Area ............................................................... ............................B -9
65
ServiceArea No. 2 ............................................................................... ...........................B -10
66
MentalHealth Center .................................................................................. ...........................B -11
67
CoastalManagement .................................................................................. ...........................B -12
68
Child Care Assistance Program .................................................................. ...........................B -13
69
Welfareto Work Program .......................................................................... ...........................B -14
70
LandSales ................................................................................................... ...........................B -15
71
Buildingsand Grounds ............................................................................... ...........................B -16
72
Woodland Acres Street Light Service Area ................................................ ...........................B -17
73
KodiakArts Council ................................................................................... ...........................B -18
74
Facilities...................................................................................................... ...........................B -19
75
Tourism Development ............................................................................ ............................... B -20
76
Kodiak Transit Authority ............................................................................ ...........................B -21
77
L. E. P. C . ................................................................................................................................. B-22
78
DEBT SERVICE FUNDS:
CombiningBalance Sheet ................................................................................... ............................0 -1 79
Combining Statement of Revenues, Expenditures
Transfers, and Changes in Fund Balances ..................................................... ............................... C -2 80
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual:
Bonds........................................................................................................... ............................... C -3 81
Other............................................................................................................... ............................0 -4 82
CAPITAL PROJECTS FUNDS:
CombiningBalance Sheet ................................................................................... ............................D -1 84
Combining Statement of Revenues, Expenditures,
Transfers and Changes in Fund Balances (Accumulated Deficits) ................... ............................D -2 86
Schedule of Capital Projects ............................................................................... ............................D -3 88
ii
1
iii
KODIAK ISLAND BOROUGH
N Comprehensive
Annual Financial Report
For the Year Ended June 30, 1999
TABLE OF CONTENTS (continued)
ENTERPRISE FUNDS:
EXHIBIT
PAGE
CombiningBalance Sheet ........................................ . ...................................................................
...E -1
94
Combining Statement of Revenues, Expenses, Transfers
and Changes in Retained Earnings (Accumulated Deficits ) ............................. ............................
E -2
96
Combining Statement of Cash Flows ............................................................... ............................... E -3
97
Municipal Solid Waste Collection and Disposal Fund:
BalanceSheets ............. ............................................................................ ............................... E4
99
Statement of Revenues, Expenses, Transfers and Changes
1
in Accumulated Deficit - Budget and Actual, ... ...... E -5
Statements of Cash Fl ows ................................................................................ ............................... E -6
100
101
Hospital Facilities Fund:
BalanceSheets ................................................................................................. ...............................
E -7
102
Statement of Revenues, Expenses, Transfers and Changes
in Retained Earnings (Accumulated Deficits) - Budget and Actual .............. ...............................
E -8
103
'
Statements of Cash Flows.... .....
911 Services Fund:
104
BalanceSheets .................................................................... ............................... ...........................E
-10
105
'
Statement of Revenues, Expenses, Transfers and Changes
in Retained Earnings (Accumulated Deficits) - Budget and Actual. ............ ...............................
E -11
106
Statementsof Cash Flows .............................................................................. ...............................
E -12
107
'
Kodiak Fisheries Research Center Fund:
BalanceSheet ................................................................................................. ...............................
E -13
108
'
Statement of Revenues, Expenses, Transfers and Changes
in Retained Earnings (Accumulated Deficits) - Budget and Actual. ...........................................
E -14
109
Statementof Cash Flows ................................................................................ ...............................
E -15
110
INTERNAL SERVICE FUND:
Management Information Systems Fund:
BalanceSheets ................................................................................................. ...............................
F -1
111
'
Statement of Revenues, Expenses, Transfers and Changes in
in Accumulated Deficit - Budget and Actual ................................................. ...............................
F -2
112
Statementsof Cash Flows ................................................................................ ...............................
F -3
113
iii
KODIAK ISLAND
BOROUGH
TABLE
PAGE
'
Comprehensive Annual Financial Report
For the Year Ended June 30, 1999
TABLE OF CONTENTS (continued)
127
'
General Revenues by Source - Last Ten Fiscal Years .......................................... ..............................2
128
Property Tax Levies and Collections -
EXHIBIT
PAGE
129
GENERAL FIXED ASSETS ACCOUNT GROUP:
Property - Last Ten Fiscal Years ......................................................................... ..............................4
130
Schedules of Fixed Assets by Source .................................................................. ............................G -1
115
Schedule of General Fixed Assets by Function and Activity .............................. ............................G -2
116
.5
Schedule of Changes in General Fixed Assets by
,
Ten Largest Property Taxpayers ........................................................................... ..............................6
Functionand Activity ............................................... ............................... ......................
................G -3
117
GENERAL LONG -TERM DEBT ACCOUNT GROUP:
Computation of Direct and Overlapping Debt ...................................................... ..............................8
Schedulesof Long -Term Debt ............................................................................ ............................H
-1
119
ADDITIONAL INFORMATION - BONDED INDEBTEDNESS:
Ratio of Annual Debt Service Expenditures for General
Summary of Bonded Debt Service Requirements to Maturity ............................. ............................1
-1
121
10
General Obligation School Refunding Bonds, Series 1989 ................................. ............................1
-2
122
General Obligation Bonds, 1993 Series A ........................................................... ............................I
-3
123
General Obligation Bonds, 1994 Series A ........................................................... ............................1
-4
124
General Obligation Bonds, 1998 Series A ........................................................... ............................I
-5
125
Asbestos Removal Loan Payable ...................................................................... ...............................
I-6
126
'
STATISTICAL SECTION
TABLE
PAGE
'
STATISTICAL TABLES:
General Governmental Expenditures and Other Uses
by Function - Last Ten Fiscal Years ................................................................... ..............................1
127
'
General Revenues by Source - Last Ten Fiscal Years .......................................... ..............................2
128
Property Tax Levies and Collections -
LastTen Fiscal Years ......................................................................................... ..............................3
Assessed and Estimated Actual Value of Taxable
129
'
Property - Last Ten Fiscal Years ......................................................................... ..............................4
130
Property Tax Rates and Contributions to the School District
Last Ten Fiscal Years ....................... ............................... ...
.5
131
,
Ten Largest Property Taxpayers ........................................................................... ..............................6
132
Ratio of Net General Bonded Debt - Last Ten Fiscal Years ................................. ..............................7
133
Computation of Direct and Overlapping Debt ...................................................... ..............................8
134
Computation of Legal Debt Margin ...................................................................... ..............................9
135
Ratio of Annual Debt Service Expenditures for General
Bonded Debt to Total General Expenditures and Transfers :
Last Ten Fiscal Years
10
136
,
Demographic Statistics - Last Ten Fiscal Years ...... ......... ......... ......... ......... ......... ..........11
137
Property Value, Construction and Bank Deposits -
LastTen Fiscal Years ........................................................................................ .............................12
138
Miscellaneous Statistical Data -
LastTen Fiscal Years ........................................................................................ .............................13
140
iv I
INTRODUCTORY SECTION
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
BOARDS AND COMMITTEES
YEAR ENDED JUNE 30, 1999
Data Processing Steerins
Committee
* Thomas Manninen
Jim Nagan
Perry Page
Karleton Short
Betty Walters
David Jones
Gary Stevens
Fire Protection Area No. 1
Advises Board
* Eileen Probasco
Scott Arndt
Jeff Halcomb
Kevin Arndt
Roy Aquirre
Robert Himes, ex- officio
Bay View Road Service Area
Advisory Board
* Fred Roberts
Dawn Black
Marcia Oswalt
Reed Oswalt
James R. Schauff
Monashka Bay Road Service Area
Advisory Board
* Jack McFarland
Jeff Hamer
Dave Sundberg
Corrine Estelle Ferre
Emergency Services Council
Carolyn Floyd
Tom Manninen
Bill Jones, City Manager, City of Kodiak
Gary Stevens
John Miller, Capt. USCG
Service District No. I
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 Tan-ant
Tom Schwantes
Mike Welchek
Dale L. Rice, ex- officio
Kodiak Area Transit System
Steering
* Pat Branson
Wanetta Ayers
Marie Bami
Tim Blott
Woody Konig
Steven G. Honnold
Don Roberts
Wayne Stevens, Assembly Rep.
Linda Freed, KIB Staff
Airport Advisory Committee
* Stosh Anderson
Charles Barber
Dean Andrew
Robert Himes
Ruth Lovejoy
Arlene Mauldin
Donald Rossiter
John Chya, ex -officio
CDR Drew Dilkes, CG ex- officio
Patti Kilpatrick, 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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I
MAYOR AND ASSEMBLY MEMBERS
1
DR. GARY L. STEVENS
Mayor of Kodiak Island Borough, 2001
TOM ABELL
At Large, 1999
SCOTT ARNDT
At Large, 2000
ROBIN HEINRICHS
Deputy Mayor, At Large 2001
SHAWN (TUCK) BONNEY
At Large, 1999
PATRICIA BRANSON
At Large, 2001
WAYNE STEVENS
At Large, 1999
GREGEORY C. SPALINGER
At Large, 1999
KODIAK ISLAND BOROUGH
BOROUGH OFFICIALS
YEAR ENDED JUNE 30, 1999
BOROUGH ASSEMBLY
Wayne Stevens `99
Patricia Branson '01
Tom Abell `02
Robin Heinrichs (Deputy Mayor) `01
Greg Spalinger `00
Scott Arndt `00
Tuck Bonney `02
BOROUGH MAYOR
Gary Stevens '01
Karleton G. Short ........................................................................................... ............................... Finance Director/Treasurer
Chris M. Lynch .............................................................. ............................... ....................Engineering and Facilities Director
DonnaSmith .............................................................................................. ............................... ........................Borough Clerk
LindaL. Freed ................................................................................... ............................... Community Development Director
PatrickS. Carlson ....................................................................................................................... ............................... Assessor
Pent' 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 Finn)
Betty Walters .......................................................................................... ............................... Superintendent, School District
MaryMunk ........................................................................................ ............................... ........................General Accountant
MarianRoyall .......................................................................................................... ............................... Revenue Accountant
BarbaraTempleton .................................................................................. ............................... ..................... Purchasing Agent
Vii
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
BOARDS AND COMMITTEES
YEAR ENDED JUNE 30, 1999
School Board
* Norm Wooten
Alice Knowles
Jack McFarland
Jeff Stephan
Pat Jacobson
Dan Canavan, USCG Rep.
Greg Spalinger — Assembly Rep.
Tuck Bonney — Assembly Rep.
Scott Arndt — Assembly Rep.
Sheila Roberts - Staff
Clara Fulp, Student Rep.
Hospital Advisory Board
* Wayne Stevens — Assembly Rep.
Gil Bane
Mark K. Buckley
Linda Duthie
Michael Machulsky
Mary A. Monroe
Gretchen Saupe
Phil Cline, Administrator, ex- officio
Robyn Holloway, KIH Staff
Walby Jensen, Chief of Staff
Mental Health Center Advisory
Board
* Jody Burcham
Thia Falcone
David Davis
Barbara Lynn Furin
Steven G. Honnold
Cecil Ranney
Roger Nagarkar
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
Planning _and Zoning Commission
* Donna Bell
Marty Shuravloff
Robert Himes
Robbie Scheidler
Clarence W. Selig
Walter Stewart
Darlene Turner
Woodland Acres Street Liahting
Service Area Advisory Board
Phillip Cline
* Bob Hatcher, Chair
Kevin Arndt
Citizen Board of Eoualization
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, P &Z Rep.
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
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
Linda Moore, KIB staff
viii
1
1
Certificate of
�
Achievement
for Excellence
�
in Financial
1
Reporting
' Presented to
1 Kodiak Island Borough,
Alaska
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
June 30, 1998
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.
President
Y7�(7 G
Executive Director
xi
KODIAK ISLAND BOROUGH ORGANIZATIONAL CHART
FISCAL YEAR 1999
fLECIORATE
BOROUGH MAYOR t— — --- — — --- — j BOROUGH ASSEMBLY
1g:
BOROUGH MANAGER
ADMINISTRATNE RESOURCE MANAGEMENT
ASSISTANT OFFICER
BAYSIOf ASSISTANT HUMAN RESOURCE5
FIRE CHIEF ASSISTANT
ARTS COUNCIL
INTERIM DIRECTOR
(CONTRACT)
Ir utVCl.urucrvl ENGINEERING /1ACILITIE$
DIRECTOR piRECTOR
KFRC MANTENANCE
ASSOCUTE PLANNER/ MAINTENANCE ENGINEER WORKER
LONG RANGE PLANMNG
KFRC =.-ICT,
RECEPTIONIST
ASSISTANT PLANNER
ENVIRONMENTAL =17
SPECIALIST
DRAfi1NG 1ECNN)CNiN
SOLID WASTE BALER/
SECRETARY iff LANDFILL SUPERVISOR
BALER OPERATOR II
BALER OPERATOR I
BALER OPERATOR I
BALER OPERATOR 1
ASSESSOR
PROPERTY APPRAISER
ASSESSMENT CLERK 11
ASSESSMENT CLERK I
BOROUGH ATTORNEY 1 I BOROUGH CLERK
FINANCE DIRECTOR
GENERAL
ACCOUNTANT
ACCOUNTING TECHNIC(A
/PAYROLL
ACCOUNTING TECHNICIAI
/ACCOUNTS PAYABLE
LOCAL ADMINISTRATOR
(DAY CARE ASSISTANCE
PROGRAM)
REVENUE
ACCOUNTANT
CASHER
SECRETARY 111
>r
ISLAND
BOROUGH
DEPUTY CLERK
ASSISTANT CLERK
DIRECTOR OF
INFORMATION SYSTEMS
SENIOR SYSTEMS
ANALYST
OPERATIONS SUPERVISOR
SYSTEM OPERATOR I
LAN ADMINISTRATOR
PC TECHNICIAN I
1
Kodiak Island Borough
Finance Department
710 Mill Bay Road
_►:� Kodiak, Alaska 99615
" Phone (907) 486 -9323 Fax (907) 486 -9392
October 31, 1999
To the Honorable Mayor and Members of the Assembly
Kodiak Island Borough
Kodiak, Alaska
The Comprehensive Annual Financial Report (CAFR) of the Kodiak Island Borough (Borough),
Kodiak, Alaska, for the fiscal year ended June 30, 1999, is submitted herewith.
This report was prepared by the Borough finance department. Responsibility for the accuracy,
completeness, and fairness of presentation, including all disclosures, rests with the Borough. We
believe the data, as presented, is accurate in all material respects, and is presented in a manner
designed to fairly set forth the financial position and results of operations of the Borough as
measured by the financial activity of its various funds. All disclosures necessary to enable the
reader to gain maximum understanding of the Borough's financial affairs have been included.
The CAFR is comprised of three main sections: introductory, financial, and statistical. The
introductory section includes background on the Borough, the fund accounting concepts used by
the Borough, and selected financial presentations. The financial section contains 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 financial and general information generally presented on a ten -year
comparative basis.
I 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, and one third is located on the Alaska Peninsula, across the Shelikof Strait from
' Kodiak Island. The Borough encompasses 7,130 square miles, making it slightly smaller than
the State of Massachusetts. The Borough was incorporated September 30, 1963, as a Second
Class Borough by Chapter 146 Sessions, Laws of Alaska 1961, as amended. A.Mayor/Manager
1 form of government governs the Borough. The Borough Assembly is composed of seven
members who are elected at- large.
xiii
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) are shown in the Table of Contents of this report.
ECONOMIC CONDITION AND OUTLOOK
Economic Sectors
The major economic sectors of the Borough are commercial fishing, logging, and tourism. With
a prime location in the Gulf of Alaska and the North Pacific Ocean, the Borough is adjacent to
some of the richest fishing grounds in the world. Kodiak was ranked third in 1998 among
commercial fishing ports in the United States in terms of value of seafood landed.
The major sector of the Kodiak economy is, by far, commercial fishing, accounting for eighty -
nine percent of the severance tax revenue collected and more than half of the jobs in Kodiak.
Kodiak is Alaska's largest fishing port; homeport to more than 700 commercial fishing vessels.
According to the Alaska Department of Fish and Game, 388,676,685 pounds of fish were landed
at the Port of Kodiak in 1998 with an exvessel value of $79,255,662. In 1997 266,962,938
pounds of fish were landed and valued at $82,885,874.
Plum Der of pounds caueht
Exvessel value
1998
1997
Percent
*Ranking by
Percent
*Ranking by
Species
Pounds
of total
$ per pound
Species
Pounds
of total
$ er p ound
pollock
$ 165,771,470
43%
17
pollock
$ 83,331,663
31%
16
salmon
105,574,455
27%
9
pacific cod
73,139,944
27%
11
pacific cod
71,974,284
19%
11
salmon
57,828,811
22%
9
halibut
9,088,000
2%
6
flatfish
16,636,317
6%
12
other
36,268,476
9%
other
36,026,203
14%
Total
$ 388,676,685
100%
Total
$ 266,962,938
100%
Exvessel value
* 1998 Fish & Game table had 19 species, while 1997 had 18 species.
xiv
1998
1997
Percent
*Ranking by
Percent
*Ranking by
Species
Value
of total
$ per pound
Species
Value
of total
$ per pound
salmon
$ 29,809,626
38%
9
halibut $
20,975,802
25%
5
pacific cod
13,675,114
17%
11
salmon
18,798,037
23%
9
pollock
11,604,003
15%
17
pacific cod
15,546,138
19%
11
halibut
9,996,800
13%
6
pollock
8,139,083
10%
16
other
14,170,119
17%
other
19,426,814
23%
Total
$ 79,255,662
100%
Total $
82,885,874
100 0 /0
* 1998 Fish & Game table had 19 species, while 1997 had 18 species.
xiv
J
The severance tax revenue collected for timber in fiscal year 1999 was $95,690. The dramatic
' decline in revenue from fiscal year 1998's collection of $179,401 is directly related to the
economy in Asia and Japan, as these two markets are the primary customers of Alaskan timber.
The domestic market is not an option because of U.S. shipping laws. To sell to the domestic
market, American shipping companies must be used. This would increase the cost of Alaskan
timber, making the domestic market unprofitable.
Kodiak's tourism industry is based on its natural resources making it a seasonal destination.
Seventy -six percent of the island's visitor population travels to Kodiak during the summer
months. Tourists come to enjoy the scenic beauty and variety of activities the island has to offer
including wildlife viewing, hunting, fishing, hiking, and camping. Kodiak's rich history, culture
and abundant wildlife entice visitors from around the world.
According to the Alaska Visitor Statistics Program, visitors to Kodiak tend to stay longer than
the average visitor to the state, and are significantly more likely to be repeat visitors. Kodiak
1 visitors also tend to spend more than twice as much as the average visitor to other regions in
Alaska. Visitors to the Kodiak Island Borough generated $39,609 in transient accommodations
tax revenue.
Employment
' The labor force in Kodiak is dominated by the fishing industry. Of the top ten employers in
Kodiak for 1998, six are related to the fishing industry. Approximately 3,200 people, or 31
percent of the local labor force, are employed in the fish harvesting area. Manufacturing,
primarily seafood processing, employs 2,350 people, or 19 percent. Their combined payroll is
over $53 million. The U. S. Coast Guard and other government entities constitute 24 percent of
the labor force. The retail and wholesale sector employ 8 percent, the service sector 11 percent,
and the remaining 7 percent are in construction, transportation, communication, utilities,
financial services, insurance and real estate.
' Employment varies throughout the year with July, August, and September being the peak months
due to the increased activity in the canneries, and declines in November and December when
fishing quotas are reached. The unemployment rate as of June 30, 1999 was 4.8 percent
' compared to 3.2 percent in 1998 and 7.7 percent in 1997. Throughout fiscal year 1999, the
unemployment rate has fluctuated from 3.4 percent to 13.3 percent, with an average of 6.8
' percent.
Population
The estimated population of the Kodiak Island Borough for fiscal year 1999 is 13,848. The
Borough ranks sixth in population when compared to other boroughs and unified municipalities
throughout the state. The City of Kodiak is the seventh largest city in the state of Alaska.
Kodiak is also home to the United States Coast Guard's largest facility. Among the various
' Coast Guard operating and support commands, there are approximately 1,100 military and
civilian personnel and 1,600 military dependents.
xv
MAJOR INITIATIVES
In preparing the fiscal year 1999 budget, the Borough identified several major projects to be
addressed during the year. All major projects are listed in Exhibit D -3 of the CAFR.
The two most significant projects in fiscal year 1999 were the completion of the Kodiak Fisheries
Research Center and continuance of the landfill vertical expansion. The landfill project includes
final contour configurations of the site, drainage control, slope stability, and allowances for
future lateral expansion phases. In addition, work will include leachate control and treatment,
construction of new wastewater storage facilities, closure of a portion of the existing landfill, and
mining of future lateral expansion phases to provide material for proposed work.
Capital projects either started or expanded in fiscal year 1999 totaled $3,369,395.
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 (KIBSD), a
component unit of the Kodiak Island Borough. In order to provide adequate health care, the
Borough leased the Kodiak Island Hospital and Care Center to the Sisters of Providence in
Washington, d/b /a Providence Health System in Alaska (PHSA). PHSA also assumed
operational responsibility of the Mental Health Center from the Borough on January 2, 1998.
The Borough provides for solid waste collection and disposal by contracting collection services
through an outside source while operating the landfill.
The Borough has four road service areas, three fire protection areas, and one street light service
area.
The Borough contracts with the City of Kodiak for building inspection services for building
outside the city limits. In fiscal year 1999, 192 building permits were issued with a value of
$15,007,192. The number of permits increased by four over 1998, while the value decreased by
$9,773,050. The reduction in value is attributed to Wal -Mart and the Kodiak Fisheries Research
Center, which were built in 1998.
FINANCIAL INFORMATION
DISCUSSION OF CONTROLS
Management is extremely aware of the importance of a strong internal control structure.
Although present controls are considered to be highly satisfactory and adequate, they continue to
be scrutinized periodically for enhancements.
xvi
Internal Controls
The Borough's accounting system depends upon a strong system of internal controls. The
Borough finance department focuses on all aspects of internal control, and strives 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 annually, and documented to reflect any
procedural changes that are deemed necessary. Cross training and segregation of duties are
valued and encouraged in the internal control structure.
Budgetary Controls
The Borough uses a modified accrual basis of accounting for governmental funds, and an accrual
' basis for enterprise and internal service funds. Under the modified accrual basis of accounting
system, revenues are recognized when measurable and available, and expenditures are recognized
when incurred.
Budgetary control is maintained by an annual appropriation system supplemented with an
additional appropriation approximately midway through the fiscal year. Budgetary control is also
maintained through the use of an encumbrance system. As purchase orders, contracts, and other
obligations are issued, corresponding amounts of appropriations are reserved by the use of
encumbrances so that appropriations will not be overspent.
A public hearing and the adoption of a budget ordinance appropriates all new funds. The
Assembly makes appropriation transfers between funds and/or departments only after the
adoption of an ordinance. Borough staff may execute transfers between line items within a
department.
GENERAL GOVERNMENT FUNCTIONS
The following charts summarize General Fund revenues for the fiscal year ended June 30, 1990
compared to the fiscal year ended June 30, 1999. This chart includes General Fund revenues
only' Fiscal Year 1990 Fiscal Year 1999
Lio
4operty Taxes
e7%
xvii
Licenses, Permits, i
and Other
3%
Intergovernmental
29%
Property Taxes
56%
Irnergovemn
20%
Severance Taxes
10%
Investment Insane
Investment Income
i
The following schedule summarizes changes from the prior year for General Fund revenues:
Increase (decrease)
Revenue Sources:
Property Taxes
Severance Taxes
Intergovernmental
Licenses, Permits,
Fees and Other
Investment Income
Total
1999 1998
$ 6,688,097 $ 6,657,899
1,006,290 931,695
2,055,803 2,739,075
Amount Percent
$ 30,198 0.5
74,595 8.0
(683,272) (24.9)
150,809 195,425 (44,616)
238,515 389,252 (150,737)
$10,139,514 $ 10,913,346 $ (773,832)
* This percentage is the change in overall totals, not the column.
(22.8)
(38.7)
(7.1)'
Property tax is the largest source of revenue for the General Fund of the Kodiak Island Borough.
The minor increase in property tax is solely based on appraised value; there was no mill rate
increase for fiscal year 1999.
Severance tax revenues increased from $931,695 in fiscal year 1998 to $1,006,290 in fiscal year
1999. The tax related to the fishing industry increased by $157,385, while the severance tax on
timber decreased by $83,710, a decrease of 47 percent. This decrease is attributed to diminishing
demand from the Asian markets.
The decrease in intergovernmental revenue is the result of reduced payments from the federal
government for the National Wildlife Refuge. In fiscal year 1999 the Borough received
$177,899, in 1998 it received $775,250.
The decrease in licenses, permits, fees and other revenues is attributed to the receipt of $51,000
in fiscal year 1998 for oil spill receipts. This receipt is not an ordinary one and, consequently, we
did not receive a similar payment for fiscal year 1999.
The Borough had less investment income in fiscal year 1999 due to a decrease in available cash,
which was $777,912 less than the previous year.
The following chart compares General Fund expenditures and operating transfers by function for
the years ending June 30, 1990, and June 30, 1999:
Y.., F d.d19M Y— EM..,OOY
Omw
Ed"1W
43%
124
neM O.v.rmrrl
774
Sdtl7
11
.U..
xviii
LM
—ti
N* k S."
2%
HaM.M 9nilMi.n
9%
u
L
Changes in expenditures for major General Fund functions of the Borough over the preceding
E year are shown in the following tabulation:
General Government
Public Safety
Health and Sanitation
Education
Culture and Recreation
Community Development
Total
* This percentage is the change in overall totals, not the column.
' The decrease in health and sanitation is attributed to mental health services, which had a decrease
of $240,570. As of January 2, 1998 the Borough no longer operates the Mental Health facility;
Providence Health System of Alaska has assumed responsibility for providing these services.
Two other factors contributing to the decrease in health and sanitation were an operating transfer
to the Buildings and Grounds Fund, and in contributions to non - profits. As for the decrease in
culture and recreation, the Borough had an operating transfer of $40,460 to pay for Borough
parks. This expenditure was not budgeted for fiscal year 1999.
It is the goal of the Kodiak Island Borough to maintain a General Fund balance of at least 1 to 2
million dollars. The fund balance as of June 30, 1999 was $783,459. This is $785,480 less than
the June 30, 1998 balance of $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
3,500,00
3,000,00
2,500,00
2,000,00
1,500,00
1,000,00
500,00
xix
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
Increase (decrease)
1999
1998
Amount
Percent
$ 2,104,920
$ 2,179,930
$ (75,010)
(3.4)
179,746
175,522
4,224
2.4
1,002,058
1,282,827
(280,769)
(21.9)
7,044,970
6,517,331
527,639
8.1
208,930
241,390
(32,460)
(13.4)
417,268
424,787
(7,519)
(1.8)
$10,957,892
$10,821,787
$ 136,105
1.3
* This percentage is the change in overall totals, not the column.
' The decrease in health and sanitation is attributed to mental health services, which had a decrease
of $240,570. As of January 2, 1998 the Borough no longer operates the Mental Health facility;
Providence Health System of Alaska has assumed responsibility for providing these services.
Two other factors contributing to the decrease in health and sanitation were an operating transfer
to the Buildings and Grounds Fund, and in contributions to non - profits. As for the decrease in
culture and recreation, the Borough had an operating transfer of $40,460 to pay for Borough
parks. This expenditure was not budgeted for fiscal year 1999.
It is the goal of the Kodiak Island Borough to maintain a General Fund balance of at least 1 to 2
million dollars. The fund balance as of June 30, 1999 was $783,459. This is $785,480 less than
the June 30, 1998 balance of $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
3,500,00
3,000,00
2,500,00
2,000,00
1,500,00
1,000,00
500,00
xix
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
1
PROPRIETARY OPERATIONS
In fiscal year 1999, the Municipal Solid Waste Fund had an operating income of $388,169. This
increase follows an operating loss of $50,435 for fiscal year 1998. The major contributor to the
operating income was the decrease in the closure /postclosure expenses of $488,243. There was
an operating transfer of $418,869 to capital projects to pay for the expansion of the landfill. The
overall result to retained earnings was an increase of $23,640. The budget for fiscal year 1999
showed an expected loss of $182,020.
On April 22, 1997 the Kodiak Island Borough leased the Kodiak Island Hospital and Care Center
to Providence Health System in Alaska. The Hospital Facilities Fund accounts for the bonded
debt related to the construction of the hospital addition. The main source of revenue is the
monthly lease payment of $60,000. The hospital also receives a portion of state revenue sharing.
Their portion for fiscal year 1998 was $67,330. Their lease stipulates that profits will be shared
with the Borough on an equal basis, with a maximum amount in any one year of $600,000, and
that PHSA will absorb all losses. In FY 99 the Borough received $420,613 for their portion of
this gain on operations.
The 911 Service Fund was established to collect money in order to pay for installation and
maintenance on an automatic call out system for emergency services. The Borough receives
seventy-five cents per phone line that is billed within the vicinity of the City of Kodiak. The
billing is done by the phone company and then remitted to us. We, in turn, send the money to the
City of Kodiak for the 911 - service equipment that has been installed at the police station. This
system allows for location of the caller, even if the caller is unable to speak.
The Kodiak Fisheries Research Center (KFRC) became operational this fiscal year. The Center
is home to the National Oceanic and Atmospheric Administration, (NOAA), the National Park
Service, Alaska Department of Fish and Game, and the University of Alaska — Fairbanks. The
source of income for KFRC is lease payments. The major contributor in rent is NOAA. The
center was developed as a multi- agency research facility committed to the preservation of the
North Pacific marine ecosystem and resources. The Borough maintains the building, pays all
expenses, and manages the Interpretive Center in the building as a public display area.
Kodiak Island Borough School District
The Kodiak Island Borough School District ( KIBSD) has been identified as a component unit of
the Kodiak Island Borough. The school district serves 2,800 students in fifteen schools around
the Kodiak archipelago. The District is comprised of 6,800 square miles (slightly larger than the
state of Connecticut), with eight schools accessible only by air and water. There are four
elementary schools, one middle school, and a high school. Nine village schools serve
communities around Kodiak Island and nearby Afognak Island.
The School District Support Program encompasses the transfer of the state - required local funding
to the KIBSD for operations. The program includes the purchase of liability insurance, the cost
of the annual audit, and management information systems support. Contributions to the KIBSD
as Mill Rate Equivalents were 9.45 in fiscal year 1999. This was approximately $6,492,876 for
fiscal year 1999.
xx
1
u
t
I�
1
F
FIDUCIARY OPERATIONS
The Kodiak Island Borough handles all fiduciary activity regarding the collection of Public
Employees Retirement System (PERS) payments, property tax collected on behalf of the City,
and payroll taxes, with the same care and due diligence that we exercise with any of our funds.
All monies due are withheld, collected, accounted for, and remitted promptly.
Periodically, the State of Alaska informs each participating entity of 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 (e.g., 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 $ 2,235,000
General Obligation, 1993 6,055,000
General Obligation, 1994 1,030,000
General Obligation, Refunding, 1998 9,590,000
State of Alaska, ADEC Loans 104,947
Environmental Protection Agency Loan 533,451
Total $ 19,548,398
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.
xxi
General Obligation, School Refunding, 1989
General Obligation, 1993
General Obligation, 1994
General Obligation, Refunding, 1998
Moody's Investors Standard
Service
and Poors Fitch's
Aaa
AAA
Aaa
AAA
Aaa
AAA
AAA AAA
As of June 30, 1999, net per capita bonded debt is $1,284. For comparison purposes, the
following is the net per capita bonded debt for the past ten years:
General Bonded Debt Per Capita
Last ten fiscal years
$1,800 1,560
$1,600 1,515 1,502
1,393 1,381
$1,400 1,284
$1,200
$1,000
$800 554
$600
$400 410 363 298
$200
$0
CASH MANAGEMENT
Effective cash management is essential to the long -term stability and profitability of any
organization. Day -to -day cash management is considered a priority within the Borough, and
proper monitoring procedures are utilized for timely receipt and deposit of all funds.
INVESTMENT POLICIES
The Borough Finance Director is the central treasurer for all Borough funds. This includes both
the Borough and School District. The Borough uses a cash pool concept in which all funds are
self - balancing. Each fund is a unique entity and has its own cash account, which, on occasion,
may show a "book overdraft" while others may 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
xxii
r]
selection of banks and brokers with additional insurance. A local servicing bank "sweeps" the
total balances to another account on a daily basis. At this time $4,030,000 of Kodiak Island
Borough AMBAC insured bonds collateralize this account. A third -parry bank (State Street
Bank) holds this collateral.
All new investments are purchased on a delivery versus payment system. 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. At this time, management believes this is the safest way of holding our
investments.
' The Borough's investment policy is far more restrictive than that of man other governments.
y g rnments.
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.
Furthermore, a third -party bank holds all investments and collateral.
The investments of the Borough over the past year have fluctuated between $6 and $14 million.
Interest rates for the fiscal year started at 5.25 percent to 5.83 percent in early July 1998. At year-
' end, investments were earning from 4.68 percent to 5.51 percent for an average yield of 5.16
percent. FY 99 ended with investment earnings for all funds in the amount of $1,415,086.
1 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. Currently a
Safety Committee 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, bloodbome pathogens, sexual harassment
awareness, accident prevention, ergonomics, and evaluation of work environments to prevent
cumulative trauma. The Borough offers 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.
INDEPENDENT AUDIT
The Borough Code requires an annual audit be made of the books of account, financial records,
and transactions of all administrative departments of the Borough. We are in compliance with
this requirement, and the auditor's opinion has been included in this report.
xxiii
Alaska Statutes require single audits and define these requirements in 2 AAC 45.010.
The Borough is also in compliance with the "Federal Single Audit Act of 1984" as amended by
the "Single Audit Act Amendments of 1996," and the "Drug -Free Workplace Act of 1988."
AWARDS
GOVERNMENT FINANCE OFFICERS ASSOCIATION CERTIFICATE OF
ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING
The Government Finance Officers Association of the United States and Canada (GFOA) awarded
a Certificate of Achievement for Excellence in Financial Reporting to the Kodiak Island Borough
for its CAFR for the fiscal year ended June 30, 1998. 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 CAFR, 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 eleven consecutive years (fiscal years ended 1988 - 1998).
Our current report continues to conform to the Certificate of Achievement Program requirements,
and we will be submitting it again to the Government Finance Officers Association for review.
GOVERNMENT FINANCE OFFICERS ASSOCIATION DISTINGUISHED BUDGET
PRESENTATION AWARD
The Government Finance Officers Association of the United States and Canada (GFOA) has
presented a Distinguished Budget Presentation Award to the Kodiak Island Borough for its
annual budget for the last nine consecutive years (fiscal years beginning July 1, 1990 through
July 1, 1998). The Borough has submitted its annual budget for the fiscal year beginning
July 1, 1999, and believes that it, too, will also meet the necessary 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.
xxry
Acknowledgments
I wish to express my sincere 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,
KARLETON G. SHORT
DIRECTOR OF FINANCE
xxv
FINANCIAL SECTION
1
1
1
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.
n
1
1
INDEPENDENT AUDITORS' REPORT
I
The Honorable Mayor and Members of the Assembly
Kodiak Island Borough
Kodiak, Alaska
s
1
L_�
1
1
t
Telephone: (907) 272 -8462
Facsimile: (907) 264 -3181
We have audited the accompanying general purpose financial statements of Kodiak Island
Borough (the Borough), Alaska, as of June 30, 1999, 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 the
standards applicable to financial audits contained in Government Auditing Standards issued by
the Comptroller General of the United States. Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the general purpose financial statements
are free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the general purpose financial statements. An audit
also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation. We believe that
our audit provides a reasonable basis for our opinion.
In our opinion, such general purpose financial statements present fairly, in all material respects,
the financial position of the Kodiak Island Borough, Alaska, at June 30, 1999, 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.
The year 2000 supplementary information on page 41 is not a required part of the basic financial
statements, but is supplementary information required by the Governmental Accounting
Standards Board, and we did not audit and do not express an opinion on such information.
Further, we were unable to apply to the information certain procedures prescribed by professional
standards because of the unprecedented nature of the year 2000 issue and its effects, and the fact
that authoritative measurement criteria regarding the status of remediation efforts have not been
established. In addition, we do not provide assurance that the Kodiak Island Borough is or will
become Year -2000 compliant, that Kodiak Island Borough's year 2000 remediation efforts will
be successful in whole or in part, or that parties with which the Kodiak Island Borough does
business are or will become Year -2000 compliant.
Deloit buche
' Tohmatsu
Deloitte &
Touche
Deloitte & Touche LLP
Suite 1500
550 West 7th Avenue
Anchorage, Alaska 99501
INDEPENDENT AUDITORS' REPORT
I
The Honorable Mayor and Members of the Assembly
Kodiak Island Borough
Kodiak, Alaska
s
1
L_�
1
1
t
Telephone: (907) 272 -8462
Facsimile: (907) 264 -3181
We have audited the accompanying general purpose financial statements of Kodiak Island
Borough (the Borough), Alaska, as of June 30, 1999, 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 the
standards applicable to financial audits contained in Government Auditing Standards issued by
the Comptroller General of the United States. Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the general purpose financial statements
are free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the general purpose financial statements. An audit
also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation. We believe that
our audit provides a reasonable basis for our opinion.
In our opinion, such general purpose financial statements present fairly, in all material respects,
the financial position of the Kodiak Island Borough, Alaska, at June 30, 1999, 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.
The year 2000 supplementary information on page 41 is not a required part of the basic financial
statements, but is supplementary information required by the Governmental Accounting
Standards Board, and we did not audit and do not express an opinion on such information.
Further, we were unable to apply to the information certain procedures prescribed by professional
standards because of the unprecedented nature of the year 2000 issue and its effects, and the fact
that authoritative measurement criteria regarding the status of remediation efforts have not been
established. In addition, we do not provide assurance that the Kodiak Island Borough is or will
become Year -2000 compliant, that Kodiak Island Borough's year 2000 remediation efforts will
be successful in whole or in part, or that parties with which the Kodiak Island Borough does
business are or will become Year -2000 compliant.
Deloit buche
' Tohmatsu
1
Our audit was conducted for the purpose of forming an opinion o n 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 127 through 141 are presented for purposes of additional analysis
and is not a required part of the general purpose financial statements of the Kodiak Island
Borough, Alaska. Such additional information has not been subjected to the auditing procedures
applied in 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 1, 1999, on our consideration of Kodiak Island Borough's internal control over financial
reporting and our tests of its compliance with certain provisions of laws, regulations, contracts
and grants. That report is an integral part of an audit performed in accordance with Government '
Auditing Standards and should be read in conjunction with this report in considering the results
of our audit.
'-D J0;JtA , � 4-L 10
October 1, 1999
1
KODIAK ISLAND BOROUGH
COMBINED BALANCE SHEET - ALL FUND TYPES, ACCOUNT GROUPS
AND DISCRETELY PRESENTED COMPONENT UNIT
JUNE 30, 1999 (with comparative totals for 1998)
Proprietary
Governmental Fund Types
Fund Types
Special Debt
Capital
General
Revenue Service
Projects
Enterprise
ASSETS AND OTHER DEBITS
ASSETS:
Equity in central treasury $ 117,779
$ 200 $ 244
$ -
$ 100
Temporary investments 4,250,991
5,143,146 -
-
2,078,749
Other cash and cash equivalents -
-
Receivables:
Accounts and other receivables, net 437,772
77,332 -
-
244,318
State of Alaska 40,550
174,188 16,506
306,427
-
Federal Government -
- -
-
"
Property taxes, net of
allowance of $15,828 203,119
Land sales contracts, due
within one year -
71,795 -
-
-
Due from other funds 1,401,459
1,469,382 455,967
300,822
143,243
Due from primary government
Inventories -
- -
-
277,005
Prepaid expenses/expenditures -
- -
-
Long -term interfund advances -
7,805,000 -
-
-
Restricted assets:
Temporary investments -
-
-
„
With fiscal agent -
- -
-
218,013
Land sales contracts receivable, due
after one year -
69,188 -
-
-
Fixed assets, net of accumulated
depreciation where applicable -
- -
-
43,969,735
Construction work -in- progress -
- -
-
4,563,935
OTHER DEBITS:
Amount to be provided for claims
and judgements
'
-
-
Amount available in debt service fund
Amount to be provided for retirement
of general long -term debt
TOTAL $ 6,451,670
$ 14,810,231 $ 472,717
$ 607,249
$ 51,495,098
The accompanying notes are an integral part of these combined financial statements.
4
1
EXHIBIT 1
Total
Proprietary
primary
Component
Totals
Fund Types
Account Groups
government
unit
reporting entity
Internal
General
General long-
(memorandum
School
(memorandum only)
Service
fixed assets
term debt
only)
District
1999
1998
$
$
$
$ 118,323
$
$ 118,323 $
3,480,393
11,472,886
11,472,886
8,327,814
'
-
-
320,593
320,593
364,226
471
-
-
759,893
118,679
878,572
606,645
-
-
-
537,671
600,517
1,138,188
3,141,814
'
-
-
-
39,383
39,383
11,295
-
-
-
203,119
-
203,119
338,027
-
71,795
-
71,795
81,636
113,435
3,884,308
581,468
4,465,776
2,565,451
-
-
-
-
2,953,847
2,953,847
1,669,638
-
277,005
244,140
521,145
469,124
8,424
8,424
8,424
24,647
-
-
-
7,805,000
-
7,805,000
8,000,000
'
-
-
-
139,520
-
-
-
218,013
-
218,013
208,203
-
-
69,188
69,188
'
196,396
315,602
101,020,915
145,306,252
3,916,049
149,222,301
106,679,522
4,563,935
4,563,935
40,252,108
'
-
-
86,500
86,500
156,000
-
-
462,300
462,300
-
462,300
594,663
-
-
18,789,371
18,789,371
177,424
18,966,795
20,251,291
$
437,932 $
101,020,915
$ 19,251,671
$ 194,547,483
$ 9,038,600
$ 203,586,083 $
197,558,413
'
(continued)
I
5
I ;.
KODIAK ISLAND BOROUGH
COMBINED BALANCE SHEET - ALL FUND TYPES, ACCOUNT GROUPS
AND DISCRETELY PRESENTED COMPONENT UNIT
JUNE 30, 1999 (with comparative totals for 1998)
LIABILITIES, FUND EQUITIES AND
OTHER CREDITS
LIABILITIES:
Accounts payable
Cash overdraft
Retainages payable
Accrued compensation, annual leave,
payroll taxes and related benefits
Other accrued liabilities
Customer deposits
Deferred revenues
Claims and judgements
Due to City of Kodiak
Due to component units
Due to other funds
Due to student organizations
Current portion of note payable
Current portion of capital lease obligations
Accrual for landfill closure and postclosure costs
Note payable
Capital lease obligations
Long -term interfund borrowings
General obligation bonds payable
Environmental Protection Agency loan
Alaska Dept. of Environmental Conservation loans
Total liabilities
FUND EQUITIES AND OTHER CREDITS:
Contributions in aid of construction, net
Investment in general fixed assets
Contributed capital
Retained earnings (deficit)
Fund balances:
Reserved:
Proprietary
Governmental Fund Types Fund Types
Special Debt Capital
General Revenue Service Projects Enterprise
$ 140,675 $ 267,929 $ 10,417 $ 35,631 $ 241,835
340,427 - - - -
113,826 -
88,360
414
- - 25,139
639,101
5,026
-
- - -
-
-
600
- - -
7,805,000
-
142,338
- - 60,000
Subsequentyearexpenditures -
8,280
221,230
-
-
2,953,847
-
- -
-
(368,060)
2,131,596
1,017,612
- 186,751 548,349
462,300
271,041
36,990,753
- 556,625
14,810,231
$ 472,717
$ 607,249
- - 376,984
financial
_
_ - 1,939,400
The accompanying notes are an integral part of these combined statements.
- - 2,310,230
- - 640,783
- - 7,805,000
10,417 336,208 14,504,345
1,428,893
5,668,211
32,160,576
5,382,203
(552,026)
Encumbrances -
-
-
639,101
-
Fuel inventory -
-
-
-
_
Long -term interfund borrowings -
7,805,000
-
-
-
Subsequentyearexpenditures -
-
221,230
-
-
Unreserved 783,459
5,576,338
241,070
(368,060)
-
Total fund equities and other credits 783,459
13,381,338
462,300
271,041
36,990,753
TOTAL $ 6,451,670 $
14,810,231
$ 472,717
$ 607,249
$ 51,495,098
financial
The accompanying notes are an integral part of these combined statements.
6 1
1
1
n.
F1
i
EXHIBIT 1, continued
Total
Proprietary primary Component Totals
Fund Types Account Groups government unit reporting entity
Internal General General long- (memorandum School (memorandum only)
Service fixed assets term debt only) District 1999 1998
$ 8,260 $
- $ - $
704,747
$ 214,011 $
918,758 $
2,603,841
' - - 5,382,203 -
5,382,203
340,427
(227,598) - - (779,624) -
340,427
-
- - - 221,230
700,874
113,826
1,092,346
113,826
790,350
39,888
- 122,141
275,942
5,026
2,508,348
2,784,290
5,026
2,933,137
27,066
$ 437,932 $ 101,020,915 $ 19,251,671 $ 194,547,483
$ 9,038,600 $
600
$ 197,558,413
600
300
-
- -
202,338
110,036
312,374
403,203
-
125,500
125,500
243,000
8,280
8,280
62,907
-
- -
2,953,847
-
2,953,847
1,669,638
3,884,308
581,468
4,465,776
2,565,451
251,097
251,097
200,656
-
- -
556,625
-
556,625
523,349
i
376,984
376,984
230,973
1,939,400
1,939,400
2,200,131
2,310,230
-
2,310,230
2,450,303
-
- -
- -
640,783
7,805,000
-
640,783
7,805,000
1,154,520
8,000,000
18,910,000
18,910,000
18,910,000
20,020,000
-
- 114,583
114,583
-
114,583
135,415
-
104,947
104,947
-
104,947
99,698
48,148
19,251,671
41,247,893
3,790,460
45,038,353
46,313,938
617,382 - - 32,777,958 -
32,777,958
2,302,319
- 101,020,915 - 101,020,915 3,916,049
104,936,964
128,215,486
' - - 5,382,203 -
5,382,203
5,147,927
(227,598) - - (779,624) -
(779,624)
(2,090,017)
- - - 639,101
188,881
827,982
5,330,637
' - - -
185,783
185,783
153,006
- - - 7,805,000
-
7,805,000
-
- - - 221,230
700,874
922,104
1,092,346
- - - 6,232,807
256,553
6,489,360
11,092,771
389,784 101,020,915 - 153,299,590
5,248,140
158,547,730
151,244,475
$ 437,932 $ 101,020,915 $ 19,251,671 $ 194,547,483
$ 9,038,600 $
203,586,083
$ 197,558,413
7
L
KODIAK ISLAND BOROUGH
COMBINED STATEMENT OF REVENUES,
EXPENDITURES,TRANSFERS, AND CHANGES IN FUND BALANCES
ALL GOVERNMENT FUND TYPES AND DISCRETELY PRESENTED COMPONENT UNIT
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
Special
Debt
General
Revenue
Service
REVENUES:
Property taxes
$ 6,688,097
$ 483,809
$ -
Intergovernmental:
State sources
1,440,759
737,541
Federal sources
615,044
981
-
Land sale proceeds
-
4,158,858
-
Severance taxes
1,006,290
-
-
Licenses, permits, fees and other local revenues
150,809
313,790
-
Investments and property
238,515
1,039,304
1,834
In -kind services
-
-
-
Total revenues
10,139,514
6,734,283
1,834
EXPENDITURES:
Current:
Borough assembly
136,417
-
-
Borough mayor
254,593
-
-
Borough clerk
287,720
-
-
Borough attorney
155,800
-
-
Finance department
562,370
-
-
Assessing department
318,896
-
-
Borough engineering & facilities department
-
-
-
Community development department
417,268
74,686
-
Building official
92,273
-
-
Economic development
72,225
-
-
General and administration
224,626
1,453,131
-
Emergency preparedness
2,384
-
-
School district support
731,980
-
-
Health and sanitation department
401,680
747,026
-
Education, culture and recreation
196,300
-
-
Capital outlay:
Schools
-
-
Service district maintenance
303,797
-
General
-
-
-
Debt service:
Principal
-
-
1,915,833
Interest
-
-
852,040
Fiscal agent fees
-
-
1,612
Total expenditures
3,854,532
2,578,640
2,769,485
Excess (deficiency) of revenue over (under) expenditures
6,284,982
4,155,643
(2,767,651)
OTHER FINANCING SOURCES (USES):
Operating transfers in from component unit
-
-
1,650,598
Operating transfers in from other funds
32,632
307,708
1,025,260
Operating transfers in from primary government
-
-
-
Operating transfers out to component unit
(5,655,840)
-
-
Operating transfers out to other funds
(1,447,520)
(476,990)
(40,570)
Operating transfers out to primary government
-
-
-
Proceeds from issuance of long -term debt
-
-
Net other financing sources (uses)
(7,070,728)
(169,282)
2,635,288
Excess (deficiency) of revenues and other financing
sources over (under) expenditures and other financing uses
(785,746)
3,986,361
(132,363)
FUND BALANCES, at beginning of year
1,569,205
9,394,977
594,663
Residual equity transfers out
-
-
-
Adjustments to reserve for fuel inventory
-
-
FUND BALANCES, at end of year
$ 783,459
$ 13,381,338
$ 462,300
The accompanying notes are an integral part of these combined fin 8 cial statements.
EXHIBIT 2
Total Component Totals
primary unit reporting entity
Capital government School (memorandum only)
Projects (memorandum only) District 1999 1998
$ - $ 7,171,906 $ - $ 7,171,906 $ 7,130,848
787,028
2,965,328
16,732,270
19,697,598
23,579,702
296,494
912,519
3,328,831
4,241,350
7,822,002
4,158,858
1,006,290
4,158,858
1,006,290
4,148,612
931,695
464,599
412,238
876,837
1,488,365
135,433
1,415,086
-
1,415,086
1,123,501
10,800
10,800
842,070
852,870
795,622
1,229,755
18,105,386
21,315,409
39,420,795
47,020,347
136,417
136,417
129,212
254,593
254,593
199,994
-
287,720
287,720
282,769
-
155,800
-
155,800
191,017
562,370
562,370
606,413
318,896
318,896
295,230
_
-
-
-
86
-
491,954
-
491,954
485,182
92,273
98,989
_ 9 2,273
72,225
_
72,225
68,251
-
1,677,757
-
1,677,757
1,737,800
-
2,384
-
2,384
2,366
731,980
25,927,030
26,659,010
25,366,999
1,148,706
1,148,706
1,834,658
-
196,300
-
196,300
178,300
963,893
963,893
-
963,893
668,790
303,797
303,797
277,879
4,166,635
4,166,635
-
4,166,635
7,768,730
1,915,833
1,915,833
1,660,833
852,040
852,040
1,139,287
-
1,612
-
1,612
2,079
5,130,528
14,333,185
25,927,030
40,260,215
42,994,864
(3,900,773)
3,772,201
(4,611,621)
(839,420)
4,025,483
-
1,650,598
-
1,650,598
1,651,332
1,206,742
2,572,342
2,572,342
3,934,388
5,655,840
5,655,840
4,864,000
(5,655,840)
(5,655,840)
(4,864,000)
(974,393)
(2,939,473)
-
(2,939,473)
(4,814,388)
-
-
(1,650,598)
(1,650,598)
(1,651,332)
L
5 ,249
5,249
5,249
237,598
(4,367,124)
4,005.242
(361,882)
(880,000)
(3,663,175)
(594,923)
(606,379)
(1,201,302)
3,145,483
4,168,492
15,727,337
1,941,423
17,668,760
14,560,448
(234,276)
(234,276)
-
(234,276)
-
-
-
(2,953)
(2,953)
(37,171)
$ 271,041 $
14,898,138
$ 1,332,091
$ 16,230,229
$ 17,668,760
I
A
9
KODIAK ISLAND BOROUGH
COMBINED STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
GENERAL FUND, SPECIAL REVENUE FUND AND DEBT SERVICE FUND
YEAR ENDED JUNE 30, 1999
General Fund
Variance -
favorable
Budget Actual (unfavorable)
REVENUES:
Property taxes
Intergovernmental:
State sources
Federal sources
Land sale proceeds
Severance taxes
Licenses, permits, fees and other local revenues
Investments and property
Total revenues
EXPENDITURES:
Current:
Borough assembly
Borough mayor
Borough clerk
Borough attorney
Finance department
Assessing department
Community development department
Building official
Economic development
General and administration
Emergency preparedness
School district support
Health and sanitation department
Education, culture and recreation
Capital outlay:
Service district maintenance
Debt service:
Principal
Interest
Fiscal agent fees
Total expenditures
Excess (deficiency) of revenue over (under) expenditures
OTHER FINANCING SOURCES (USES):
Operating transfers in from component unit
Operating transfers in from other funds
Operating transfers to component unit
Operating transfers out to other funds
$ 6,781,050 $ 6,688,097 $ (92,953) 1
1,430,490
1,440,759
10,269
627,899
615,044
(12,855)
917,000
1,006,290
89,290
124,650
150,809
26,159
251,833
238,515
(13,318)
10,132,922
10,139,514
6,592
131,000
232,200
288,570
140,000
587,200
319,200
443,590
94,670
77,000
274,730
5,500
731,330
404,060
213,800
136,417
254,593
287,720
155,800
562,370
318,896
417,268
92,273
72,225
224,626
2,384
731,980
401,680
196,300
(5,417)
(22,393)
850
(15,800)
24,830
304
26,322
2,397
4,775
50,104
3,116
(650)
2,380
17,500
3,942,850
6,190,072
(5,655,840)
(1,456,520)
3,854,532
6,284,982
32,632
(5,655,840)
(1,447,520)
Net other financing sources (uses) (7,112,360) (7,070,728)
Excess (deficiency) of revenues and other financing sources
over (under) expenditures and other financing uses $ (922,288) (785,746)
FUND BALANCES, at beginning of year 1,569,205
FUND BALANCES, at end of the year $ 783,459
The accompanying notes are an integral part of these combined financial statements.
10
88,318
94,910
32,632
9,000
41,632
$ 136,542
1
t
1
1
1
1
t
i
1
1
1
1
1
11
Variance-
vanance-
favorable
favorable
Budget
Actual
(unfavorable)
Budget
Actual
(unfavorable)
$ 458,385
$ 483,809
$ 25,424
$ -
$ -
$ -
853,972
737,541
(116,431)
-
-
-
44,500
981
(43,519)
-
-
4,129,010
4,158,858
29,848
-
-
_
388,030
313,790
(74,240)
-
-
1,834
-
(8,166)
1,105,700
1,039,304
(66,396)
10,000
6,979,597
6,734,283
(245,314)
10,000
1,834
(8,166)
69,690
74,686
(4,996)
-
-
-
5,281,440
1 453 131
3,828,309
45,400
-
45,400
747,026
(228,792)
-
-
-
518,234
391,280
303,797
87,483
-
-
-
-
-
-
1,923,340
1,915,833
7,507
885,430
852,040
33,390
=
10,000
1,612
8,388
6,260,644
2,578,640
3,682,004
2,864,170
2,769,485
94,685
718,953
4,155,643
3,436,690
(2,854,170)
(2,767,651)
86,519
-
_
-
1,592,480
1,650,598
58,118
307,708
307,708
1,033,270
1,025,260
(8,010)
-
(476,990)
(476,990)
-
(40,570)
(40,570)
-
(169,282)
(169,282)
2,625,750
2,635,288
9,538
$ 718,953
3,986,361
$ 3,267,408
$ (228,420)
(132,363)
$ 96,057
9,394,977
594,663
$ 13,381,338
$ 462,300
11
A
KODIAK ISLAND BOROUGH EXHIBIT 4
COMBINED STATEMENT OF REVENUES, EXPENSES, TRANSFERS
AND CHANGES IN RETAINED EARNINGS (ACCUMULATED DEFICITS)
PROPRIETARY FUND TYPES
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
Totals
reporting entity
(memorandum only)
Internal
Enterprise Service 1999 1998
OPERATING REVENUES:
Solid waste collection
Solid waste disposal
State sources - revenue sharing
Charges for services/customer charges
Lease proceeds
Other
OPERATING EXPENSES:
Personnel services
Solid waste collection
Contracted services
Repairs and maintenance
Landfill closure and postclosure costs
Depreciation
Support goods and services
Supplies
General and administration
Medicaid refund
Telephone services
Recycling services
Contributions
Operating income (loss)
OTHER INCOME (EXPENSES):
Loss on of disposal of fixed assets
Interest income
Interest expense
Net income (loss) from continuing operations
TRANSFER (TO) FROM OTHER FUNDS:
Operating transfers in from other funds
Operating transfers out to other funds
Net operating transfers
$ 1,638,078 $
- $
1,638,078 $
1,539,677
855,554
-
855,554
870,753
67,327
-
67,327
70,751
75,951
632,381
708,332
713,813
1,715,891
-
1,715,891
720,000
520,253
-
520,253
26,742
4,873,054
632,381
5,505,435
3,941,736
485,256
402,514
887,770
782,069
1,271,421
-
1,271,421
1,163,688
307,634
5,700
313,334
288,120
42,891
-
42,891
118,018
(260,731)
-
(260,731)
227,512
653,272
106,464
759,736
786,770
-
156,508
156,508
-
-
-
-
45,129
457,727
14,016
471,743
259,630
2,200
-
2,200
163,140
31,379
-
31,379
185,776
64,110
-
64,110
68,009
23,524
-
23,524
50,536
3,078,683
685.202
3,763,885
4,138,397
1,794,371
(52,821)
1,741,550
(196,661)
(483)
-
(483)
(10,940)
21,086
-
21,086
244,265
(873,231)
-
(873,231)
(395,151)
941,743
(52,821)
888,922
(358,487)
786,000
-
786,000
1,300,000
(418,869)
-
(418,869)
(420,000)
367,131
-
367,131
880,000
n
ri
1
1
Cl
0
1
1
i
r
1
1
Amortization of contributions in aid of construction
54,340
- 54,340
74,239
Increase (decrease) in retained earnings
1,363,214
(52,821) 1,310,393
595,752
Accumulated deficits at beginning of year
(1,915,240)
(174,777) (2,090,017)
(2,685,769)
Accumulated deficits at end of year
$ (552,026) $
(227,598) $ (779,624) $
(2,090,017)
The accompanying notes are an integral part of these combined financial statements.
12
I
1
1
I KODIAK ISLAND BOROUGH
EXHIBIT 5
COMBINED STATEMENT OF CASH FLOWS
PROPRIETARY FUND TYPES
YEAR ENDED JUNE 30, 1999 (with comparative totals for 199 8)
Totals
OPERATING INCOME (LOSS)
ADJUSTMENTS TO RECONCILE
OPERATING INCOME (LOSS) TO NET CASH
PROVIDED BY (USED IN) OPERATING ACTIVITIES:
Depreciation
Loss on disposal of fixed assets
Net assets received from residual equity transfer
Changes in assets and liabilities
that provided (used) cash:
Accounts receivable:
Customers
Other
Interest receivable on investments
Prepaid expenses
Inventories
Due to /from other funds
Accounts payable
Deferred revenues
Accrual for landfill closure
and postclosure costs
Due to the City of Kodiak
Other accrued liabilities
Total adjustments
Net cash provided by (used in)
operating activities
CASH FLOWS FROM NONCAPITAL AND
RELATED FINANCING ACTIVITIES:
Operating transfers out to other funds
Operating transfers in from Hospital
Component Unit
Operating transfers in from other funds
Net cash provided by noncapital
financing activities
reporting entity
(memorandum only)
Internal
Enterprise Service 1999 1998
$ 1,794,371 $ (52,821) $ 1,741,550 $ (196,661)
653,272
106,464
759,736
786,770
-
24,036
24,036
10,940
1,486
-
1,486
-
(17,950)
-
(17,950)
37,955
-
(471)
(471)
17,725
(1,109)
-
(1,109)
-
-
8,424
8,424
8,424
2
-
2
-
954,965
(113,435)
841,530
(1,375,859)
(16,565)
(1,705)
(18,270)
7,007
60,000
(260,731)
-
(260,731)
215,708
(38,583)
-
(38,583)
38,583
4,684
1,076
5,760
4,319
1,279,471
24,389
1,303,860
(188,428)
3,073,842
(28,432)
3,045,410
(385,089)
(418,869)
-
(418,869)
(420,000)
_
_
-
1,300,000
786,000
-
786,000
-
367,131
-
367,131
880,000
(continued)
13 '
KODIAK ISLAND BOROUGH EXHIBIT 5, continued
COMBINED STATEMENT OF CASH FLOWS
PROPRIETARY FUND TYPES (continued)
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
Totals
reporting entity
(memorandum only)
Internal
Enterprise Service 1999 1998
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:
Acquisition and construction of capital assets
Interest paid on notes payable, capital leases,
and interfund borrowing
Proceeds from issuance of long -term
interfund borrowing
Proceeds from issuance of notes payable
Principal payments made on notes payable
Principal payments made on capital lease
Receipt of gifts restricted by donor
for capital purchases
Net cash used in capital
and related financing activities:
CASH FLOWS FROM INVESTING ACTIVITIES:
Change in assets whose use is limited:
Deductions from (additions to) restricted cash
Deductions from restricted investments
Interest and dividends on investments
Purchases of investments
Maturities of investments
Net cash provided by (used in)
investing activities:
Net change in cash and cash equivalents
CASH AND EQUIVALENTS, at beginning of year
CASH AND EQUIVALENTS, at the end of year
$ (309,804) $ (58,810) $ (368,614) $ (9,613,903)
(873,231) -
(873,231)
(395,151)
- -
-
8,000,000
418,869 -
418,869
-
(525,666) -
(525,666)
(489,746)
(367,726) -
(367,726)
(352,273)
- -
-
210,800
(1,657,558) (58,810)
(1,716,368)
(2,640,273)
(9,810) -
(9,810)
1,434,419
139,520 -
139,520
11,248
21,086 -
21,086
244,265
(1,988,878) -
(1,988,878)
-
- -
-
387,057
(1,838,082) -
(1,838,082)
2,076,989
(54,667) (87,242)
(141,909)
(68,373)
54,767 87,242
142,009
210,382
$ 100 $ - $
100
$ 142,009
NONCASH CAPITAL AND RELATED FINANCING ACTIVITES
Contributions in aid of construction received $ 30,529,979 $ - $ 30,529,979 $
Residual equity transfers 234,276 - 234,276
Contributions in aid of construction received
i
from private sources - - - 849,415
$ 30,764,255 $ - $ 30,764,255 $ 849,415
The accompanying notes are an integral part of these combined financial statements.
14
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1
KODIAK ISLAND BOROUGH
NOTES TO THE COMBINED FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 1999
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. Regortina Entity
The Kodiak Island Borough (the Borough), Alaska, was organized to perform the municipal
duties allowed by Alaska Statutes and as directed by its residents. As required by generally
accepted accounting principles, these financial statements present the government and its
component unit, an entity for which the government is considered to be financially accountable.
The discretely presented component unit is reported in a separate column in the combined
financial statements to emphasize it is legally separate from the government. The Borough
reviewed its relationship with other organizations and determined that the following
organization is a component unit.
Kodiak Island Borough School District: The Borough has delegated the operating
responsibility for public education to the Kodiak Island Borough School District (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. Interf ind eliminations
have not been made in the aggregation of these data.
Certain 1998 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
15
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.
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 has elected to follow all
16
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1
applicable GASB pronouncements and all Financial Accounting Standards Board (FASB)
pronouncements issued on or before November 30, 1989 that are not in conflict with GASB
pronouncements. Proprietary funds include the following fund types:
Enterprise funds are used to account for those operations that are financed and operated in a
manner similar to private business or where the Borough Assembly has decided that the
determination of revenues earned, costs incurred and/or net income is necessary for management
accountability.
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.
17
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.
Interizovernmental 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 -term receivables due to
Governmental Fund Types are reported on the associated balance sheets, in spite of their
spending measurement focus. Special reporting treatments are used to indicate, however, that
they should not be considered available spendable resources since they do not represent net
current assets. Recognition of Governmental Fund Type revenues represented by noncurrent
receivables is deferred until they are paid.
Other local revenues are recorded on a basis consistent with their nature in relation to
measurement and availability standards.
C. Budgets and Budgetary Accounting
Borough
The Borough follows these procedures in establishing the budgetary data reflected in the
combined financial statements:
The Borough Manager must submit to the Borough Assembly by April 30 a proposed
operating budget for the fiscal year commencing the following July 1. The operating
budget includes proposed expenditures and the means of financing them.
2. Public hearings are conducted by the Borough Assembly to obtain citizen comments.
3. By June 10, the budget is legally enacted through passage of an ordinance by Borough
Assembly action. If the Borough Assembly fails to pass an ordinance, the budget submitted
by the Borough Manager becomes the adopted budget.
18
4. Amendments to the budget can occur anytime during the fiscal year through the Borough
Assembly or administrative action. Generally, the following actions are required at the
level of the particular change:
a. All new appropriations are authorized by an appropriation ordinance that amends the
annual budget ordinance.
b. A resolution of the Borough Assembly is required to move (appropriate) amounts
between departments and projects.
c. The administration is authorized and directed by the Borough Assembly to effect the
necessary line item changes within the limits established by Items (1) and (2) above by
project or department to properly monitor, account, and report receipts and
expenditures.
1 5. Expenditures may not legally exceed appropriations at the following levels: Capital
Projects Funds - project level; all other funds - department level.
6. All funds, except Capital Projects Funds, are budgeted on an annual basis encompassing a
fiscal year. Budgets of Capital Projects Funds generally encompass the period from start-
up to project completion, which is generally greater than one year.
7. Appropriations lapse at year end to the extent that they have not been expended for all
funds, except Capital Projects Funds, which lapse at project completion.
8. Budgets adopted by the Borough Assembly are in accordance with generally accepted
accounting principles.
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, 1999, there were two formal budget revisions to
adjust the revenues and expenditures to available resources and program needs.
19
D. Assets. Liabilities and Fund Equity
Interfund Transactions
Transactions that would be treated as revenues, expenditures or expenses, if they involved
organizations external to the Borough, are similarly treated if they occur between the fund types.
Reimbursements from one fund to another are treated as expenditures or expenses of the
reimbursing fund and a reduction of the expenditures or expenses of the reimbursed fund.
Transfers from funds receiving revenues to funds, through which the resources are to be
expended, and operating loss subsidies are classified as operating transfers. Nonrecurring or
nonroutine transfers of equity between funds are recorded as equity transfers. Long -term
interfund transfers of funds are accounted for as long -term interfund advances/borrowings. See
Note 7 for additional disclosure.
Encumbrances
Encumbrance accounting, under which purchase orders, contracts and other commitments for the
expenditure of moneys, are recorded in order to reserve that portion of the applicable
appropriation, is employed as an extension of formal budgetary integration in the General Fund,
Special Revenue Funds and Capital Projects Funds. Encumbrances outstanding at year end are
reported as reservations of fund balances since they do not constitute expenditures or liabilities.
It is the Borough's policy to void all open purchase orders at year end that are not in the Capital
Projects funds.
Inventories
Expendable operating supplies of the Borough are accounted for using the purchase method, and
at June 30, 1999 there are no significant amounts of such inventories on hand. The Hospital
Enterprise Fund also has at June 30, 1999 amounts of inventory assigned to Providence as of
April 21, 1997 which, by the terms of the lease agreement for the hospital facilities (see Note 17),
are required to be returned to the Borough at the termination of the lease in at least equal value.
Retirement Plans
All full -time employees of the Borough and School District participate in either the Alaska
Public Employees' Retirement System (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.
MO
1
All funds 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
F. Use of Estimates
Preparation of financial statements in accordance with generally accepted accounting principles
requires management to make estimates and assumptions that affect the amounts reported in
these financial statements. Actual results may differ from the estimates. Significant estimates
include the allowance for doubtful accounts, the useful lives of assets and related accumulated
depreciation, accrued landfill closure and post - closure care costs.
G. New Accounting and_ Renortine Standard
In June 1999, Statement No. 34 of the Governmental Accounting Standards Board, Basic
Financial Statements — and Management's Discussion and Analysis — for State and Local
Governments, was issued. This statement establishes new financial reporting requirements that
will result in greater accountability by state and local governments by providing more useful
information to a wider range of users. This statement also requires state and local governments
to present a government wide set of financial statements prepared on the accrual basis and to
record and to depreciate capital assets, including infrastructure assets. The impact of this new
standard has not been fully determined, however, the change will likely result in a significant
increase in equity as a result of recording all capital assets, including infrastructure assets. The
Borough is required to adopt this statement for the fiscal year beginning July 1, 2002.
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
1 addition, investments are separately held by several of the Borough's funds. Investments are
carried at fair value, as determined by quoted market prices.
At June 30, 1999, the carrying amount of the Borough and its Component Unit deposits was an
overdraft of $223,299 and the corresponding bank balance was $1,108,661. 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
1 21
1
Code requires all investments to be collateralized and/or insured. Collateral pledged on
investments is required to be held for the Borough by a third -party bank.
Investments are categorized as follows to give an indication of the level of risk assumed:
Category 1 includes investments that are insured, or registered or for which the securities are held
by the Borough or its agent in the Borough's name; category 2 includes uninsured and
unregistered investments for which the securities are held by the counterparty's trust department
or agent in the Borough's name; category 3 includes uninsured and unregistered investments for
which the securities are held by the counterparty, or by its trust department or agent but not in the
Borough's name. The carrying amount of temporary investments approximates fair value. At
June 30, 1999, the Borough's investment balances were categorized as follows:
Category Carrying
Investments - categorized: 1 2 3 amount
U.S. Government Securities $9,241,233 $ - $ - $ 9,241,233
Investments - not categorized:
Municipal League Investment Pool
Total Investments
2,231,653
$11,472,886
1
n
1
1
�7
0
The above bank deposits of $(223,299) investments of $11,472,886 plus cash on hand of $1,195
totaling $11,250,782 are reported under the following captions in the combined financial
statements:
Equity in central treasury cash $ 118,323
Temporary investments 11,472,886
Cash overdraft (340,427)
Total deposits and investments $ 11,250,782
The Borough reports investments at fair value in the balance sheet, and reports the changes in the
fair value of investments as revenue in the operating statement.
NOTE 3: ANNUAL APPROPRIATION TO THE SCHOOL DISTRICT
An annual appropriation ro riation 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.
ann ual ap the Borou h
In addition to the ann provides the School District, without charge, g p
general liability and property insurance, data processing services, the annual independent audit,
mental health services, and grounds maintenance services.
These are reflected as in -kind services in the financial statements of the School District. I
22 1
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: 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 percent of the member's three highest
average monthly compensation for the first ten years of service, 2 -1/4 percent for the second ten
years of service and 2 -1/2 percent for all remaining years of service. All service earned prior to
July 1, 1986 will be calculated using the 2 percent multiplier. Employees with 30 or more years
of credited service (20 years for peace officers and firefighters) may retire at any age and receive
a normal benefit. The system also provides death and disability benefits and major medical
benefits.
Funding policy: Under State law, covered employees are required to contribute 6.75 percent of
their annual covered salary and the Borough is required to contribute an actuarially determined
rate - the current rate is 8.78 percent of annual covered payroll.
Annual pension cost: For the year ended June 30, 1999, the Borough's annual pension cost was
$185,634 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, 1997.
Significant actuarial assumptions used in the valuation include: (a) a rate of return on the
investment of present and future assets of 8.25 percent per year compounded annually and (b)
projected salary increases of 5.5 percent a year for the first five years of employment and 4.5
percent per year thereafter, with distinction made between amounts for inflation (4.0 percent),
merit for the first five years (1.0 percent), and productivity (0.5 percent). The 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.
1
23
J
Three -year trend information for PERS
Annual
Year pension
ended cost (APQ
6/30/1997
370,000
6/30/1998
180,700
6/30/1999
185,634
B. Component Unit Retirement Commitments
F�
Percentage Net
of APC pension
contributed obligation
100% -
100% -
100% -
The following is a summary of selected information on the component unit's retirement
commitments. Complete pension disclosures are presented in the component unit financial
statements.
School District participation in PERS, a defined benefit agent multiple - employer plan, is separate
from the Borough's participation. Benefits are the same as described for the Borough's
participation. For the years ended June 30, 1999, 1998 and 1997, the School District's annual
pension cost was $176,670, $184,491 and $334,984 and equal to the required and actual
contributions.
TRS is a cost - sharing, multiple - employer defined benefit cost sharing 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 percent of their highest three -year average annual compensation for each year
of service. The Plan permits early retirement at age 50. For employees hired after June 30, 1990,
the normal and early retirement ages are 60 and 55, respectively. Employees may elect to receive
their pension benefits in the form of a joint or survivor annuity. Effective January 1, 1987, a
married member who retires must receive his or her benefit in the form of a joint and survivor
annuity unless the member's spouse consents to another form of benefit. Minimum benefits for
employees eligible for retirement are $25 per month for each year of credited service. In
addition, major medical benefits are provided. TRS also provides death and disability benefits.
For the years ended June 30, 1999, 1998 and 1997, the School District's annual pension cost was
$1,600,327, $1,317,184, and $1,302,918, which was equal to the required and actual
contribution.
24
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I
C Required Supplementary Information - Schedule of Funding Progress for PERS
(Dollar amounts in thousands for the primary government only)
li
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L�
NOTE 5: FIXED ASSETS
A summary of changes in the General Fixed Assets Account Group for the year ended
June 30, 1999 follows:
July 1, 1998
Actuarial
Deductions
June 30, 1999
Government
Funding
Actuarial
accrued
Funding
$ 5,397,389
$ 2
Excess as a
Actuarial
value of
liability
Excess
Funded
Covered
percentage of
valuation
assets
(AAL)
(FE)
ratio
payroll
covered payroll
date
(a)
(b)
(a -b)
(a/b)
(c)
((a -b) /c)
$124,523,697
$ 6,475,428
$ 29,978,210
6/30/1996
$ 6,159
$ 5,894
$ 265
104%
$ 3,042
8.7%
6/30/1997
7,988
7,288
700
110%
3,179
22.0%
6/30/1998
9,698
8,303
1,395
117%
2,054
67.9%
NOTE 5: FIXED ASSETS
A summary of changes in the General Fixed Assets Account Group for the year ended
June 30, 1999 follows:
1 25
July 1, 1998
Additions
Deductions
June 30, 1999
Government
Land
$ 5,397,389
$ 2
$ -
$ 5,397,391
Buildings
88,418,025
14,301
-
88,432,326
Improvements other than buildings
858,460
32,261
-
890,721
Machinery and equipment
1,503,883
35,463
30,127
1,509,219
Construction work -in- progress
28,345,940
6,393,401
29,948,083
4,791,258
$124,523,697
$ 6,475,428
$ 29,978,210
$ 101,020,915
1 25
The following is a summary of Proprietary Fund fixed assets at June 30, 1999:
Unclassified utility plant in service
Land and improvements
Building and improvements
Equipment
Work -in- process
Less: accumulated depreciation
Net fixed assets
Internal
Enterprise Service
Funds Fund
$ 2,205,383 $ -
409,069 -
41,093,759 -
7,407,440 618,876
4,563,935 -
55,679,586 618,876
(7,145,916) (303,274)
$ 48,533,670 $ 315,602
Depreciation lives for Proprietary Fund fixed assets are as follows:
Building and improvements 15 -20 years
Equipment 5 -20 years
An expenditure qualifies for capitalization as a fixed asset if the total cost is $500 or more, the
asset will last longer than one year, and the asset is not consumable. Improvements to an existing
asset that increase the life or value of that asset also qualify for capitalization, and are added to
the carrying amount of the original asset. All fixed assets are depreciated over the estimated
remaining useful life of the asset on a straight -line basis. The Borough does not capitalize either
infrastructure fixed assets or improvement to such.
26
NOTE 6: LONGTERM DEBT
The following is a summary of long -term debt for the year ended June 30,
1999:
Interest
Principal Payments
Issue
Maturity
Type of Debt
Rates Dates
Date
Dates
Dates
Amount
Environmental Protection Agency
Asbestos Abatement Loan
0.0% •
6/20/1985
11/8/2005
12/31/1999
$ 10,417
06/30 and 12/31
4 x 10,416
2000 thru 2004
6 x 10,417
114,583
General Obligation School
Refunding Bonds - 1989 Series
6.6 -8.0% 8/1 -2/1
5/1/1989
8/1/2000
8/1/1999
1,080,000
811/2000
1,155,000
2,235,000
General Obligation
Refunding Bonds - 1993 Series
3.90 -7.00% 8/15 -2/15
11/15/1993
2/15/2006
2 /15/2000
760,000
2/15/2001
790,000
2/15/2002
825,000
2/15/2003
860,000
2/15 /2004
900,000
2/15 /2005
940,000
2/15/2006
980,000
6,055,000
General Obligation
Bonds - 1994 Series
5.40 - 5.50% 8/15 -2/15
11/15/1993
2/15 /2014
2/15 /2007
1,030,000
1,030,000
General Obligation
Refunding Bonds - 1998 Series
3.25 -4.30% 8/15 -2/15
12/22/1998
2/15/2014
2/15 /2000
45,000
2/15/2001
50,000
2/15 /2002
50,000
2/15/2003
50,000
2/15/2004
55,000
2/15 /2005
55,000
2/15 /2006
60,000
2/15/2007
60,000
2/15/2008
1,150,000
2/15 /2009
1,200,000
2/15 /2010
1,250,000
2/15/2011
1,305,000
2/15 /2012
1,360,000
2115 /2013
1,420,000
2/15 /2014
1,480,000
9,590,000
Accrued annual leave
0.00%
122,141
State of Alaska
ADEC loans
Clean Water - Karluk 3.92-4.05% •' " •' •• 104,947
$ 19,251,671
' Interest free unless delinquent, then 7 percent plus fees and penalties.
" These loans represent State of Alaska financial assistance programs, for which no payment schedules will be finalized,
or principal payments made, until the plans and specifications for the projects funded have been completed. The loans
are in the amounts of $350,000 and $50,000, and are to be repaid from general fund revenues of the Borough, and therefore
the debt is reported in the General Long -Term Debt Account Group. Interest begins accruing at the stated rates from the
date of each individual disbursement of loan proceeds to the Borough
28
Authorized Prior Years Current Year
Fiscal Refunded/ Balance at Refunded/ Balance at
Year Amount Issued Retired July 1, 1998 Issued Retired June 30, 1999
1985 $ 375,000 $ 375,000 $ 239,585 $ 135,415 $ - $ 20,832 $ 114,583
1989 10,000,000 10,000,000 6,750,000 3,250,000 - 1,015,000 2,235,000
1994 9,215,000 9,215,000 2,430,000 6,785,000 - 730,000
6,055,000
1994 9,985,000 9,985,000 - 9,985,000 - 8,955,000
1,030,000
1999 9,740,000 - - 9,740,000 150,000
9,590,000
1998 - 160,212 230,786 268,857
122,141
1998 400,000 99,698 - 99,698 5,249 104,947
$ 39,715,000 $ 29,674,698 $ 9,419,585 $ 20,415.325 $ 9,976,035 $ 11,139,689 $ 19,251,671
29
t
all general obligation he annual requirements to amortize bonded debt and the EPA loan g g
payable outstanding as of June 30, 1999, including interest payments of $6,617,032 on the
general obligation debt, are as follows:
General EPA Loan
June 30, obligation payables Total
2000 $ 2,740,916 $ 20,834 $ 2,761,750
2001 2,740,493 20,832 2,761,325
2002 1,545,013 20,834 1,565,847
2003 1,542,251 20,832 1,563,083
2004 1,547,535 20,834 1,568,369
Thereafter 15,410,824 10,417 15,421,241
$ 25,527,032 $ 114,583 $ 25,641,615
general obli
Debt Service Funds to service all obligation
The amount of $340,159 is available m the g g
bonds.
There are a number of limitations and restrictions contained in the various bond indentures. The
Borough is in compliance with all significant limitations and restrictions.
Refunding Bonds
On December 7, 1998, the Kodiak Island Borough issued $9,740,000 in General Obligation
Refunding Bonds with an average interest rate of 4.29 percent to advance refund $8,955,000 of
outstanding 1994 series General Obligation bonds with an average interest rate of 5.47 percent.
The net proceeds of $9,564,676 (after payment of $175,324 in underwriting fees, insurance and
other issuance costs) were used to purchase U.S. government securities. Those securities were
deposited in an irrevocable trust with an escrow agent to provide for all future debt service
payments on the 1994 Series General Obligation Bonds. As a result, $8,955,000 of the 1994
Series General Obligation bonds are considered defeased and the liability for that amount of
those bonds has been removed from the general long -term debt account group of the Kodiak
'
Island Borough.
The Borough advance refunded the 1994 Series General Obligation bonds to reduce its total debt
services payments over the next 16 years by almost $504,859 and to obtain an estimated
economic gain (difference between the present values of the debt service payments on the old and
new debt) of $380,037. The gain is based on receiving future debt service reimbursements from
the State of Alaska at the rate structure currently in effect.
�1
30 1
The investments in the securities and the current obligations of the defeased bonds are not
reflected in the combined financial statements. A summary of the investments held in trust and
the current obligations of the defeased bonds at June 30, 1999 are summarized as follows:
Bond principal Investments
outstanding held in trust
Series 1994 Government Obligation bonds, 5.4%
to 5.5 %, due in installments to 2007 $ 8,955,000 $9,322,367 (1)
(1) Alaska USA Trust Co. as trustee.
NOTE 7: LONG -TERM INTERFUND BORROWINGS
In October 1997 the Facilities Special Revenue Fund loaned $8,000,000 to the Hospital Facilities
Enterprise Fund. The loan 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 percent, and the scheduled
payments for the next five fiscal years ended and thereafter are as follows:
June 30,
Principal
Interest
Total
2000
$ 195,000
$ 553,175
$ 748,175
2001
210,000
539,000
749,000
2002
225,000
523,775
748,775
2003
240,000
507,500
747,500
2004
255,000
490,175
745,175
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, 1999, is approximately $1,841,373. Accumulated
amortization on the leased equipment is approximately $823,606 at June 30, 1999.
31
payments under the capital leases for the next four fiscal ears
The minimum required lease payme p Y ,
ended are as follows: ..
June 30
2000
$ 437,619
2001
433,124
2002
268,205
2003
106,090
2003
1,245,038
Less amount representing interest
(227,271)
$ 1,017,767
NOTE 9: NOTE PAYABLE
As of June 30, 1999, the Borough had the following notes payable outstanding in the Enterprise
Funds:
Note payable to First Union Capital Markets
Corporation, due in monthly installments
of $57,693, including interest (at an effective
annual rate of 6.4 %); secured by equipment $ 2,447,986
Note payable to Environmental Protection Agency,
to be paid within 20 years at 3.8 percent interest,
terms to be negotiated with EPA upon completion
of the project. 418,869
2,866,855
Less current portion of note payable 556,625
$ 2,310,230
Future required minimum principal payments at June 30, 1999 excluding payments to the EPA
for the fiscal years ended are as follows:
June 30,
2000
$ 556,625
2001
592,015
2002
629,656
2003
669,690
$ 2,447,986
32
1
NOTE 10: CAPITAL PROJECT FUNDS CONSTRUCTION COMMITMENTS
A summary of Capital Projects Funds construction commitments at June 30, 1999 follows:
Various Borough Projects $ 51,159
State Capital Grants 587,942
$ 639,101
Resources are presently available or committed to finance construction commitments at
June 30, 1999, for all funds, inclusive of those resources appropriated at year -end.
NOTE 11: ENTERPRISE FUND SEGMENT INFORMATION
The Borough owns and operates a Municipal Solid Waste Collection and Disposal Fund, a
Hospital Facilities Fund (See Note 17), a Kodiak Fisheries Research Center Fund, and a 911
Services Fund. Segment financial data as of and for the year ended June 30, 1999, for those
funds are as follows:
Operating revenues
Depreciation expense
Operating income
Operating transfers in (out)
Net income
Amortization of contributions
in aid of construction
Property, plant and equipment
additions
Net working capital
Total assets
Total equity
Municipal Solid
18,241,449
- 11,961,139
Kodiak
572,472
Waste Collection
Hospital
934,483
Fisheries
27,093,196
and Disposal
Facilities
911 Services
Research Center
Total
$ 2,501,372
$ 1,299,840
$ 75,951
$ 995,891
$4,873,054
104,201
545,084
-
3,987
653,272
386,873
738,746
44,572
624,180
1,794,371
(418,869)
-
-
786,000
367,131
388,169
443,980
44,572
65,022
941,743
54,340 - -
54,340
656,763
18,241,449
- 11,961,139
30,859,351
572,472
(230,402)
3,658 588,755
934,483
3,398,216
27,093,196
11,888 20,991,798
51,495,098
856,921
23,389,267
3,658 12,740,907
36,990,753
NOTE 12: DEFERRED COMPENSATION PLAN
The Kodiak Island Borough has a deferred compensation plan created and amended in
accordance with Internal Revenue Code Section 457. The plan is available to all permanent
Borough employees. The deferred compensation is not available to employees until termination,
retirement, death or unforeseeable emergency.
33
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, 1999, was $111,570.
The plan is managed by the International City Managers Association Retirement Corporation.
The Borough believes that the plan does not meet the criteria in NCGA Statement No. 1,
Governmental Accounting and Reporting Principles, for inclusion as a fiduciary fund.
NOTE 13: INSURANCE AND RISK RETENTION
The Kodiak Island Borough is exposed to numerous risks of loss associated with the operations
of a government. These potential losses include, but are not limited to, employee relations and
injuries, contracts, theft, loss or damage of property and general liability. The Borough manages
its risks from these potential losses by participating in the Alaska Municipal League Joint
Insurance Association, as well as purchasing commercial insurance coverage. This insurance has
provided the Borough with adequate coverage in the past. There were no significant changes in
insurance coverage obtained and there were no claims or settlements that exceeded insurance
coverage in any of the past three fiscal years.
The Borough is a member 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.
34
� I
1 35
NOTE 14: INDIVIDUAL FUND DISCLOSURES
Interfund Receivables and Payables
A summary of interfund receivables and payables at June
30, 1999, is as follows:
Receivable
Payable
General Fund
$ 1,401,459
$ 5,085,443
Special Revenue Funds:
Mental Health Center
-
326,745
Child Care Assistance Program
-
3,920
i Welfare
to Work
-
36,003
Land Sales
-
15,342
Kodiak Transit Authority
Building and Grounds
-
108
162,317
73,469
Coastal Management
-
22,328
L.E.P.C.
Women Bay Service Area
-
151,114
14,138
-
Road Service District No. 1
254,491
-
Service Area No. 2
Monashka Bay Road Service Area
3,497
45,222
-
-
Bay View Road Service
1,554
-
'
Fire Protection Area No. 1
Womens Bay Fire Department
471,808
148,265
-
-
Kodiak Airport Fire District
1,653
-
Woodland Acres Street Lights
Kodiak Arts Council
44,940
-
-
3,358
Facilities Fund
8,140,000
359,992
Tourism Development
11,730
-
Debt Service Funds:
Debt Service
333,826
-
Debt Service - Other
Capital Project Funds:
122,141
-
Various Borough Protects
284,569
61,774
State Capital Grants
-
108,724
School Bond Improvements
16,253
16,253
Enterprise Funds:
Municipal Solid Waste Collection and Dispo
61,019
-
Hospital Facilities
18,790
178,176
Kodiak Fisheries Research Center
51,546
8,175,173
911 Services
11,888
-
Internal Service Fund:
Management Information Services
113,435
-
Component units:
School District
2,953,847
-
$14,643,155
$ 14,643,155
1 35
As of June 30, 1999, the Kodiak Fisheries Research Center Enterprise Fund has borrowed
$7,805,000 million from the Facilities Special Revenue Fund. See Note 7 for additional
information regarding the interfund borrowings.
Fund Deficits and Accumulated Deficits:
The fund deficits and accumulated deficits at June 30, 1999, are as follows:
Special Revenue Funds:
Mental Health Center
$ 326,518
Coastal Management
147
Land Sales
38,172
Kodiak Transit Authority
245,477
Buildings and Grounds
89,743
Enterprise Fund:
Municipal Solid Waste Collection and Disposal
1,426,999
Internal Service Fund:
Management Information System
227,598
$ 2,354,654
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. In the fiscal year 2000 budget management closed the Management Information
System Internal Service Fund and moved this function to the General Fund. All related assets,
liabilities, and residual equities will be moved to the General Fund in fiscal year 2000.
Transfers
Interfund operating transfers and transfers from component units have been made in accordance
with budget ordinances.
36
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, 1999, were as follows:
Excess of Expenditures Over Appropriations
General Fund
The following departments' expenditures exceeded their appropriations:
Department
Excess
Borough assembly
$ 5,417
Transfers In
22,393
Borough attorney
15,800
School District support
650
$ 44,260
School
Special
Debt
Capital
District
Transfers
General
Revenue
Service
Projects
Enterprise
component
Out
Fund
Funds
Funds
Funds
Funds
unit
Fund Tvpes
General Fund
$ 7,103,360
$ -
$119,770
$1,024,270
$ 303,480
$ -
$5,655,840
Special Revenue
Funds
476,990
-
180,000
990
296,000
-
-
Debt Service Funds
40,570
32,632
7,938
-
-
-
-
Capital Projects
Funds
974,393
-
-
-
188,393
786,000
-
Enterprise Funds
418,869
-
-
-
418,869
-
-
Component unit
School District
1,650,598
-
-
1,650,598
-
-
-
Total transfers
$10,664,780
$32,632
$307,708
$2,675,858
$1,206,742
$ 786,000
$5,655,840
Excess of Expenditures Over Appropriations
General Fund
The following departments' expenditures exceeded their appropriations:
Department
Excess
Borough assembly
$ 5,417
Borough mayor
22,393
Borough attorney
15,800
School District support
650
$ 44,260
Special Revenue Funds
The following funds' expenditures exceeded their appropriations:
Fund Excess
Bay View Road Service Area $ 2,927
Mental Health Center 249,998
Tourism Development 4,996
$ 257,921
37
Proprietary Funds' reconciliation of contributed capital for the year ended June 30, 1999, is as
follows:
Enterprise Funds
Kodiak
Fisheries Research
Cente
Hospital
Facilities
Contributed capital at beginning of year $ - $ 5,147,927
Residual equity transfers 215,486 18,790
Contributed capital at end of year $ 215,486 $ 5,166,717
Proprietary Funds' reconciliation of contributions in aid of construction for the year ended
June 30, 1999, is as follows:
Enterprise Funds
Contributions in aid of construction
at beginning of year
Amortization of contributions in
aid of construction
Capital projects funds
State of Alaska
Contributions in aid of
construction at end of year
Kodiak Municipal Solid Internal
Fisheries Research Waste Collection Hospital Service
Center and Disposal Facilities Fund
$ - $ 1,684,937 $ - $ 617,382
(54,340) -
8,920,540 - 17,956,116 -
3,000,000 653,323 -
$ 11,920,540 $ 2,283,920 $17,956,116 $ 617,382
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 $1,939,400 as of
June 30, 1999, which is based on 57 percent usage (filled) of the landfill. The landfill is
estimated to be filled and unusable by the year 2020. Of the total liability at June 30, 1999, a
decrease of $260,731 was recorded in the current year based on current year usage and changes in
38
F�
estimates. An estimated additional $1,475,621 will be recognized as closure and postclosure care
1 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
$3,415,000 is based on the amount that would be paid if the landfill were closed as of
June 30, 1999. 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 $18,194,266 to date, and will receive the balance of the sale in the
' following payments:
October 1,
i 1999 $ 4,000,000
2000 4,000,000
2001 4,000,000
2002 11,805,734
Six 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: 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.
i
39
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 receives 50 percent of the net revenues of the hospital, up to $600,000.
Should the Borough wish to terminate the lease agreement without cause, the Borough would be
required to refund the $2,000,000 down payment on the lease in proportion to the number of
years remaining on the ten -year term of the lease, at the rate of $200,000 per year for each
remaining year. For accounting purposes such payment would be considered to be a penalty for
the early termination of the lease.
NOTE 18: CONTINGENCIES I
Litisation 1
General
normal course of its activities is involved in various claims and pending
,
The Borough, m the no P g
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.
C.
40 1
1
5
KODIAK ISLAND BOROUGH
REQUIRED SUPPLEMENTARY INFORMATION —
INFORMATION ABOUT THE YEAR 2000 (UNAUDITED)
YEAR ENDED JUNE 30, 1999
The year 2000 (Y2K) problem may affect many of the computer systems and other electronic
equipment necessary for the continued and uninterrupted operations of a government. The
effects of the Y2K problem extend beyond systems that produce financial information. It
' encompasses all of the Borough's computer systems and any equipment that is dependent on
microchip technology. The Borough's Management Information Systems Department began the
Y2K effort in early 1997 as a result of these shortcomings that could adversely affect the
Borough's operations if not resolved.
After becoming aware of the potential problem, the Borough began inventorying and testing
embedded systems and chips that are scattered throughout the government departments and did
not find any major system that could not be replaced or corrected in a timely manner.
The Borough has been remediating the problem through a combination of dealing with technical
issues of converting existing systems and switching to compliant systems. In certain cases in
' which old systems were at the end of their useful life, the entire hardware and software system
was replaced with a newer application package that added significant new functions as well as
corrected the Y2K exposure. In other cases, the Borough modified the existing programming
' code to handle identified date issues and placed the system back into production.
By the end of November 1999, the Borough will have either replaced or corrected approximately
' 90 percent of its affected systems. All major systems in General Government are converted,
tested and in production. This will allow time to correct or replace minor applications and
prepare contingency plans for the possible impact of failures occurring outside or inside the
Borough's direct sphere of influence.
The cost of all related Y2K efforts of the Borough is approximately $85,500. Of this total, 80
' percent of the costs are for entire system replacements and 20 percent of the costs are for code
repair of existing systems.
' Because of the unprecedented nature of the Year 2000 issue, its effects and the success of related
remediation efforts will not be fully determinable until the Year 2000 and thereafter.
Management cannot assure that the Borough is or will be Year 2000 ready, that the Borough's
remediation efforts will be successful in whole or in part, or that the parties with whom the
Borough does business will be year 2000 ready.
t
1 41
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i
GENERAL FUND
r
t
The General Fund is used to account for resources traditionally
associated with government which are not required legally or by
sound financial management to be accounted for in any other fund.
Principal sources of revenue are property taxes and intergovern-
mental revenues. Primary expenditures are for general government
and public service.
GENERAL FUND
The General Fund is used to account for resources traditionally associated with
government which are not required legally or by sound financial management to be
accounted for in any other fund. Principal sources of revenue are property taxes and
intergovernmental revenues. Primary expenditures are for general government, public
services and debt service.
KODIAK ISLAND BOROUGH EXHIBIT A -1
GENERAL FUND
BALANCE SHEETS
JUNE 30, 1999 AND 1998
1999 1998
ASSETS
Equity in central treasury
$ 117,779
$ 667,288
Temporary investments
4,250,991
2,234,133
Accounts receivable
338,877
179,325
Due from State of Alaska
40,550
116,053
Due from other funds
1,401,459
-
Property taxes:
2,953,847
1,669,638
Delinquent taxes
218,947
353,855
Allowance for uncollectible delinquent taxes
(15,828)
(15,828)
Accrued interest
98,895
22,103
TOTAL
$ 6,451,670
$ 3,556,929
LIABI LITIES AND FUND BALANCE
LIABILITIES:
Cash overdraft
$ 340,427
$ -
Accounts payable
140,675
181,642
Payroll taxes and employee benefits
88,360
85,054
Other accrued liabilities
5,026
27,066
Due to the City of Kodiak
8,280
24,324
Due to component units
2,953,847
1,669,638
Due to other funds
2,131,596
-
Total liabilities
5,668,211
1,987,724
FUND BALANCE:
Unreserved
Designated for subsequent year expenditures
-
922,288
Undesignated
783,459
646,917
Total fund balance
783,459
1,569,205
TOTAL
$ 6,451,670
$ 3,556,929
43
KODIAK ISLAND BOROUGH EXIBBIT A -2
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
REVENUES:
Property taxes:
Real
Personal
Motor vehicle
Penalty and interest
Total property taxes
$ 5,341,280 $ 5,340,231
1,019,770
1,006,687
240,000
165,780
180,000
175,399
6,781,050
6,688,097
$ (1,049) $ 5,309,998
(13,083)
986,458
(74,220)
202,595
(4,601)
158,848
(92,953)
6,657,899
Severance taxes:
Fish
Mining
Logging
Total severance taxes
Intergovernmental:
State sources:
State shared revenue
Municipal assistance
Raw fish tax
Payments in lieu of taxes
Electric Co -op tax
Miscellaneous
Total state sources
Federal sources:
Payments in lieu of taxes
Miscellaneous
Total federal sources
Total intergovernmental revenue
Licenses, permits, fees and other local revenues:
Building and trailers
Subdivision and zoning fees
Sale of copies
Emergency medical services
Miscellaneous
Total licenses, permits, fees and
other local revenues
Investments and property:
Interest income
Total investments and property
Total revenues
809,750
900,331
9,250
10,269
98,000
95,690
917,000
1,006,290
290,060
290,063
197,000
197,785
911,130
918,010
24,000
22,872
8,000
12,029
300
-
1,430,490
1,440,759
450,000
177,899
437,084
177,960
627,899
615,044
2,058,389
2,055,803
50,000
60,708
5,500
7,100
2,250
1,625
33,000
30,665
33,900
50,711
124,650 150,809
251,833
238,515
251,833
238,515
10,132,922
10,139,514
90,581
742,952
1,019
9,342
(2,310)
179,401
89,290
931,695
3
304,222
785
200,898
6,880
994,768
(1,128)
18,866
4,029
11,567
(300)
-
10,269
1,530,321
(12,916)
433,504
61
775,250
(12,855)
1,208,754
(2,586)
2,739,075
10,708
60,686
1,600
6,205
(625)
932
(2,335)
30,156
16,811
97,446
26,159 195,425
(13,318) 389,252
(13,318) 389,252
6,592 10,913,346
(continued)
0
1
n
1
44 1
KODIAK ISLAND BOROUGH EXHIBIT A -2, continued
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
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
(7,112,360) (7,070,728) 41,632 (7,596,282)
$ (922,288) (785,746) $ 136,542
1,569,205
$ 783,459
(479,736)
2,048,941
$ 1,569,205
45
1999
Variance -
favorable
1998
Budget
Actual
(unfavorable)
Actual
EXPENDITURES:
Borough assembly
$ 131,000
$ 136,417
$ (5,417)
$ 129,212
Borough mayor
232,200
254,593
(22,393)
199,994
Borough clerk
288,570
287,720
850
282,769
Borough attorney
140,000
155,800
(15,800)
191,017
Finance department
587,200
562,370
24,830
606,413
Assessing department
319,200
318,896
304
295,230
Borough engineering & facilities department
-
-
-
86
Community development department
443,590
417,268
26,322
424,789
Building official
94,670
92,273
2,397
98,989
Economic development
77,000
72,225
4,775
68,251
General and administration
274,730
224,626
50,104
307,976
Emergency preparedness
5,500
2,384
3,116
2,366
School district support
731,330
731,980
(650)
602,666
Health and sanitation department
404,060
401,680
2,380
408,742
Education, culture and recreation
213,800
196,300
17,500
178,300
Total expenditures
3,942,850
3,854,532
88,318
3,796,800
Excess of revenues over expenditures
6,190,072
6,284,982
94,910
7,116,546
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds
-
32,632
32,632
-
Operating transfers to other funds
(1,456,520)
(1,447,520)
9,000
(2,792,282)
Operating transfers to component unit
(5,655,840)
(5,655,840)
-
(4,804,000)
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
(7,112,360) (7,070,728) 41,632 (7,596,282)
$ (922,288) (785,746) $ 136,542
1,569,205
$ 783,459
(479,736)
2,048,941
$ 1,569,205
45
KODIAK ISLAND BOROUGH
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative total for 1998)
EXHIT A -3 r
IB
1999
Variance-
,
favorable
1998
Budget
Actual
(unfavorable)
Actual
EXPENDITURES:
'
Borough assembly:
Personnel services
$ 20,000
$ 20,000
$ -
$ 16,800
Fringe benefits
3,400
3,280
120
1,838
Support goods and services
47,600
49,659
(2,059)
50,371
'
Political lobbyist
60,000
63,478
(3,478)
60,203
Total Borough assembly
131,000
136,417
(5,417)
129,212
'
Borough Mayor's office:
Personnel services
143,950
164,770
(20,820)
124,868
'
Fringe benefits
38,200
38,962
(762)
35,306
Support goods and services
50,050
49,886
164
39,820
Capital outlay
-
975
(975)
-
,
Total Borough Mayor's office
232,200
254,593
(22,393)
199,994
Borough clerk:
,
Personnel services
149,230
156,426
(7,196)
147,451
Fringe benefits
42,130
39,679
2,451
40,189
Support goods and services
97,210
89,067
8,143
91,542
'
Capital outlay
-
2,548
(2,548)
3,587
Total Borough clerk
288,570
287,720
850
282,769
'
Borough attorney:
Legal fees
100,000
82,186
17,814
152,223
Support goods and services
40,000
73,614
(33,614)
38,794
Total Borough attorney
140,000
155,800
(15,800)
191,017
Finance department:
Personnel services
358,970
343,487
15,483
367,550
Fringe benefits
103,790
99,463
4,327
101,257
Support goods and services
235,950
228,144
7,806
206,552
'
Capital outlay
2,500
5,286
(2,786)
8,072
Allocated to projects
(114,010)
(114,010)
-
(77,018)
,
Total finance department
587,200
562,370
24,830
606,413
(continued)
'
46
'
KODIA I SLA ND BOR EXHIBIT A -3, continued
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999
Assessing department:
Personnel services
Fringe benefits
Support goods and services
Capital outlay
Allocated to projects
Total assessing department
Borough engineering and facilities department:
Personnel services
Fringe benefits
Support goods and services
Allocated to projects
Total Borough engineering
and facilities department
I
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
$ 207,630
Community development department:
$ (5,105)
Personnel services
57,750
Fringe benefits
342
Contracted services
75,010
Support goods and services
5,692
Capital outlay
'
Allocated to projects
(625)
Total community
(21,890)
development department
-
(26,000)
Building official:
Contracted services
'
Support goods and services
304
Total building official
-
-
I
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
$ 207,630
$ 212,735
$ (5,105)
$ 209,078
57,750
57,408
342
52,075
75,010
69,318
5,692
60,077
700
1,325
(625)
-
(21,890)
(21,890)
-
(26,000)
319,200
318,896
304
295,230
-
-
-
89,675
-
-
-
21,524
-
-
-
73,192
-
-
-
(184,305)
-
-
-
86
298,040
278,940
19,100
288,067
82,960
77,366
5,594
73,398
-
-
-
150
78,590
77,335
1,255
77,654
-
677
(677)
520
(16,000)
(17,050)
1,050
(15,000)
443,590
417,268
26,322
424,789
90,900
88,270
2,630
93,934
3,770
4,003
(233)
5,055
94,670
92,273
2,397
98,989
(continued)
47
KODIAK ISLAND BOROUGH EXHIBIT A -3, continued
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999
Economic development:
General services:
Personnel services
Fringe benefits
Contracted services
Contributions:
City of Kodiak
Alaska Ocean Seas & Fisheries
Kodiak Chamber of Commerce
Total economic development
General and administration:
Personnel services
Fringe benefits
Professional fees
Support goods and services
Total general and admistration
Emergency preparedness:
Support goods and services
Total emergency preparedness
School District support:
Data processing
Mental health services
Audit expense
Support goods and services
Total School District support
(continued) '
48 '
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
1
1
1
t
$ -
$ - $
-
$ 120
-
-
-
35
30,000
25,025
4,975
16,096
14,000
14,000
-
14,000
-
200
(200)
5,000
'
33,000
33,000
-
33,000
77,000
72,225
4,775
68,251
'
40,010
38,436
1,574
46,592
15,320
14,709
611
76,807
110,000
94,436
15,564
83,526
109,400
77,045
32,355
101,051
,
274,730
224,626
50,104
307,976
'
5
2,384
8
3,116
2,366
5,500
2,384
3,116
2,366
'
260,730
264,520
(3,790)
315,530
399,600
399,600
-
199,800
31,000
28,666
2,334
40,619
40,000
39,194
806
46,717
'
731,330
731,980
(650)
602,666
KODIAK ISLAND BOROUGH
EXHIBIT A - 3, continued
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
Education, culture and recreation:
KMXT Public Radio
15,000
1999
- 15,000
Historical Society
10,000
10,000
- 9,000
Variance -
5,000
5,000
- 5,000
Crime Stoppers
favorable
1998
- 6,000
Budget
Actual
(unfavorable)
Actual
Health and sanitation department:
16,000
16,000
- 14,000
Village Libraries
Emergency Medical Services
$ 32,450
$ 30,362
$ 2,088
$ 30,156
Animal Control
52,000
52,000
-
48,000
Council on Alcoholism
42,388
42,388
-
43,007
State Health Services Villages
12,927
12,927
-
13,584
State Health Services KANA
4,310
4,310
-
4,528
Women's Resource Crisis Center
40,925
40,925
-
40,926
American Red Cross
3,500
3,500
-
3,000
Kodiak Baptist Mission
32,860
32,859
1
44,480
Small World (Day Care)
13,000
13,000
-
18,000
Special Olympics
7,000
7,000
-
7,000
Health Center Support
4,500
4,209
291
2,061
Senior Citizen Support
25,000
25,000
-
24,000
Kodiak Respite Care
5,200
5,200
-
5,000
Rainbow Child Care Center
-
-
-
2,500
Salvation Army
8,000
8,000
-
7,500
Brother Francis Shelter
25,000
25,000
-
20,000
Ambulance Service
95,000
95,000
-
95,000
Total health and
sanitation department
404,060
401,680
2,380
408,742
Education, culture and recreation:
KMXT Public Radio
15,000
15,000
- 15,000
Historical Society
10,000
10,000
- 9,000
Summer Basketball
5,000
5,000
- 5,000
Crime Stoppers
-
-
- 6,000
Kodiak Island Sportsman Association
2,000
2,000
- 2,000
Kodiak Art Council
16,000
16,000
- 14,000
Village Libraries
18,000
18,000
- 18,000
Chiniak Public Library
3,000
3,000
- 3,000
City of Kodiak Library
3,000
3,000
- 3,000
Head Start
8,000
8,000
- 8,000
Kodiak College
60,000
60,000
- 45,000
Kodiak Little League
5,000
5,000
- 5,000
(continued)
CL�
1
KODIAK ISLAND BOROUGH
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative tota for 199 8)
EXHIBIT A-3, continued I
1999
Education, culture and recreation, continued:
Santa to the Villages
Karluk IRA Council
KANA Youth Olympics
KANA Family Center
Kodiak Youth Services Network
Girl Scouts
Total education, culture
and recreation
Total expenditures
OTHER FINANCING SOURCES (USES):
Operating transfers in from debt service fund
Operating transfers out to other funds:
Special revenue funds:
Mental Health Center
Day Care Assistance
Building and Grounds
Debt service funds:
Schools
Other
Capital projects funds:
Various Borough projects
State grant - funded projects
Net financing uses
Operating transfers to component units:
Kodiak Island Borough School District
Total operating transfers out
Total financing uses
Total expenditures and transfers
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
$ 2,300
37,500
$ 2,300 $
20,000
-
17,500
$ 2,300
20,000
'
2,000
2,000
-
2,000
16,000
16,000
-
16,000
10,000
10,000
-
5,000
'
1,000
1,000
-
-
'
213,800
196,300
17,500
178,300
3,942,850
3,854,531
88,319
3,796,800
'
-
32,632
32,632
-
_
_
-
(439,445)
'
(7,500)
-
7,500
(3,000)
(119,770)
(119,770)
-
(195,030)
(1,016,770)
(1,016,770)
-
( 1,019,400)
(9,000)
(7,500)
1,500
(14,507)
'
(303,480)
(303,480)
-
(1,103,400)
-
(17,500)
'
(1,456,520)
(1,414,888)
41,632
(2,792,282)
(5,655,840)
(5,655,840)
-
(4,804,000)
(7,112,360)
(7,070,728)
41,632
(7,596,282)
'
(7,112,360)
(7,070,728)
41,632
(7,596,282)
$ 11,055,210
$ 10,925,259 $
129,951
$ 11,393,082
I
50 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.
SPECIAL REVENUE FUNDS
The Fire Protection Area No. 1 Fund accounts for the activities related to fire
suppression and fire prevention services to the citizens of the Bayside Fire Station service
area.
The Womens Bay Fire Department Fund accounts for the activities related to fire
suppression and fire prevention services to the citizens of the Bells Flats Russian Creek
Fire Station service area.
The Kodiak Airport Fire District Fund accounts for the activities related to fire
suppression and fire prevention services to the citizens of the Airport service area.
The Monashka Bay Road Service Area Fund accounts for the activities related to road
services within the service area.
The Service District No. 1 Fund accounts for the activities related to maintenance
service to roads within the district, including snow removal, ditching and grading.
The Womens Bay Service Area Fund accounts for the activities related to maintenance
service to roads within the service area, including snow and ice removal, ditching and
culvert work.
The Bay View Road Service Area Fund accounts for the activities related to road
services within the service area.
The Service Area No. 2 Fund accounts for the activities related to water and sewer
services in the service area. This fund is in the design stage at present.
The Mental Health Center Fund accounts for rents and expenses on the Borough
owned mental health center. The center is leased by Sisters of Providence in
Washington d/b /a Providence Health Systems in Alaska.
The Coastal Management Fund accounts for State of Alaska and Federal grants related
to the effects of coastal energy development impacts. Expenditures of these grants are
for comprehensive plans, coastal sensitivity analysis, outer continental shelf impact
analysis, ordinance update, and planning and zoning.
The Childcare Assistance Fund accounts for a State of Alaska grant to finance day care
for children of low- income employed families.
The Welfare to Work Fund accounts for pass through grant monies for local agencies to
help individuals become part of the work force.
The Land Sales Fund accounts for the disposal of Borough -owned lands. The proceeds
of land disposals are generally used for the management of Borough lands and the repairs
and maintenance of Borough school buildings.
The Building and Grounds Fund accounts for the operations and maintenance of certain
buildings and grounds owned by the Borough which are jointly shared with the City of
Kodiak, the Kodiak Island Borough School District, the State of Alaska, and certain non-
profit community organizations.
The Woodland Acres Street Light Service Area Fund accounts for activities related to
the provision of street lighting within the service area.
The Kodiak Arts Council Fund accounts for activities related to the facilitation of the
arts in the Kodiak community.
The Facilities Fund accounts for the proceeds from the sale of Shuyak Island. The
single most important goal is to preserve the principal of the fund. Interest earnings, after
inflation proofing, can be used for debt service and insurance on buildings.
The Tourism Development Fund accounts for the collection of the Borough Transient
Accommodation Tax (Bed Tax) and its subsequent transfer to the Kodiak Island
Convention and Visitor Bureau.
The Kodiak Transit Authority Fund accounts for the operation of a local bus system.
A local contractor operates two buses within the Kodiak metropolitan area.
The Local Emergency Planning Committee Fund accounts for State of Alaska grants '
provided for regional emergency preparation, response, and mitigation planning.
a
1
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
AS OF JUNE 30, 1999 (with comparative totals for 1998)
LIABILITIES AND FUND BALANCES
LIABILITIES:
Accounts payable $ 1,363 $ 290 $ - $ 2,048
Employee benefits accrued and withheld 414 - - -
Customer deposits - 275 - -
Deferred revenues - - - -
Due to other funds - - - Total liabilities 1,777 565 - 2,048
FUND BALANCES (DEFICITS):
Reserved-
Long-term interfund advances - - - -
Unreserved:
Undesignated 476,524 150,882 18,012 43,629
Total fund balances(deficits) 476,524 150,882 18,012 43,629
TOTAL $ 478,301 $ 151,447 $ 18,012 $ 45,677
52
Fire and Road Service Areas
F ire
Roa
Fire
Womens
Kodiak
Monashka Bay
Protection
Bay Fire
Airport
Road Service
Area No. 1
Department
Fire District
Area
ASSETS
Equity in central treasury
$ -
$ -
$ -
$ -
Temporary investments
-
-
-
-
Receivables:
State of Alaska
-
-
-
-
Land sales contracts, due within one year
-
-
-
-
Accrued interest
-
-
-
-
Other
6,493
3,182
16,359
455
Allowance for doubtful receivables
-
-
-
-
Due from other funds
471,808
148,265
1,653
45,222
Prepaid expenditures
-
-
-
-
Long -term interfund advances
-
-
-
-
Land sale contracts, due after one year
-
-
-
-
TOTAL
$ 478,301
$ 151,447
$ 18,012
$ 45,677
LIABILITIES AND FUND BALANCES
LIABILITIES:
Accounts payable $ 1,363 $ 290 $ - $ 2,048
Employee benefits accrued and withheld 414 - - -
Customer deposits - 275 - -
Deferred revenues - - - -
Due to other funds - - - Total liabilities 1,777 565 - 2,048
FUND BALANCES (DEFICITS):
Reserved-
Long-term interfund advances - - - -
Unreserved:
Undesignated 476,524 150,882 18,012 43,629
Total fund balances(deficits) 476,524 150,882 18,012 43,629
TOTAL $ 478,301 $ 151,447 $ 18,012 $ 45,677
52
EXHIBIT B -1
Federal and
State Grant Programs
Road
Service Womens Bay View Service Mental Child Care Welfare to
District Bay Service Road Service Area Health Coastal Assistance Work
No.l Area Area No.2 Center Management Program Program
$ - $ - $ 200 $ - $ - $ -
30,819 55,924 57,496
2,512 3,640 - - 60,993 - 484 -
- - - - (60,842) - - -
254,491 151,114 1,554 3,497 - - - -
$ 257,003 $ 154,754 $ 1,554 $ 3,497 $ 351 $ 30,819 $ 56,408 $ 57,496
$ 36,830 $ 16,453 $ 18 $
36,830 16,453 18
- $ 124
$ 8,638
$ 42,852
$ 21,493
- 326,745
22,328
3,920
36,003
- 326,869
30,966
46,772
57,496
220,173
138,301
1,536
3,497
326,518
(147)
9,636 -
220,173
138,301
1,536
3,497
326,518
(147)
9,636 -
$ 257,003
$ 154,754 $
1,554
$ 3,497
$ 351
$ 30,819 $
56,408 $ 57,496
(continued)
53
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
AS OF JUNE 30, 1999 (with comparative totals for 1998)
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:
Accounts payable
Employee benefits accrued and withheld
Customer deposits
Deferred revenues
Due to other funds
Total liabilities
FUND BALANCES (DEFICITS):
Reserved:
Long -term interfund advances
Unreserved:
Undesignated
Total fund balances (deficits)
TOTAL
Woodland
Buildings Acres Street Kodiak
and Light Service Arts
Land Sales Grounds Area Council
71,795 - - -
8,525 17,050 25 3,387
(25,000) - - -
108 44,940 -
69,188 - - -
$ 124,508 $ 17,158 $ 44,965 $ 3,387
$ 5,000 $ 33,432 $ 418 $ -
142,338 - - -
15,342 73,469 - 3,358
162,680 106,901 418 3,358
(38,172)
(89,743)
44,547
29
(38,172)
89,743
44,547
29
$ 124,508
$ 17,158 $
44,965
$ 3,387
54
EXHIBIT B -1, continued
$ - $
359,992
359,992
$ 83,160 $ 15,810 $ 267,929 $ 214,525
- - 414 1,514
325 - - 600 300
- - - 142,338 279,387
- 162,317 14,138 1,017,612 600,200
325 245,477 29,948 1,428,893 1,095,926
7,805,000 - - - 7,805,000 -
5,149,309 20,319 (245,477) 1 5,576,338 9,394,977
12,954,309 20,319 (245,477) 1 13,381,338 9,394,977
$ 13,314,301 $ 20,644 $ - $ 29,949 $ 14,810,231 $ 10,490,903
55
Kodiak
Totals
Tourism Transit
Facilities
Development Authority L.E.P.0
1999
1998
$ -
$ - $ - $ -
$ 200 $
1,044,467
5,143,146
- - -
5,143,146
-
-
- - 29,949
174,188
318,708
-
- - -
71,795
81,636
31,155
- - -
31,155
-
-
8,914 - -
132,019
194,910
-
- - -
(85,842)
(93,213)
335,000
11,730 - -
1,469,382
740,200
-
- - -
-
7,799
7,805,000
- - -
7,805,000
8,000,000
-
- - -
69,188
196,396
$ 13,314,301
$ 20,644 $ - $ 29,949
$ 14,810,231 $
10,490,903
$ - $
359,992
359,992
$ 83,160 $ 15,810 $ 267,929 $ 214,525
- - 414 1,514
325 - - 600 300
- - - 142,338 279,387
- 162,317 14,138 1,017,612 600,200
325 245,477 29,948 1,428,893 1,095,926
7,805,000 - - - 7,805,000 -
5,149,309 20,319 (245,477) 1 5,576,338 9,394,977
12,954,309 20,319 (245,477) 1 13,381,338 9,394,977
$ 13,314,301 $ 20,644 $ - $ 29,949 $ 14,810,231 $ 10,490,903
55
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES (ACCUMULATED DEFICITS)
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
Licenses, permits, fees
and other local revenues
Investments and property
Total revenues
EXPENDITURES:
Community development department
General and administration
Health and sanitation department
Capital outlay:
Services district maintenance
Total expenditures
Excess (deficiency) of revenues
37,120 9,017 - - - 20,000
21,457 6,818 586 2,769 12,044 8,034
308,669 68,300 29,764 24,170 96,020 110,417
151,483 39,306 14,234 - - -
- - - 57,786 142,393 95,221
151,483 39,306 14,234 57,786 142,393 95,221
over (under) expenditures 157,186 28,994 15,530 (33,616) (46,373) 15,196
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds - - - - - -
Operating transfers out to other funds (990) - - - - -
Net other financing sources (uses) (990)
Excess (deficiency) of revenues and
other financing sources over (under)
expenditures and other financing uses
FUND BALANCES (ACCUMULATED
DEFICITS), at beginning of year
FUND BALANCES (ACCUMULATED
DEFICITS), at end of year
156,196 28,994 15,530 (33,616) (46,373) 15,196
320,328 121,888 2,482 77,245 266,546 123,105
$ 476,524 $ 150,882 $ 18,012 $ 43,629 $ 220,173 $ 138,301
56
Fire and Road Service Areas
Fire
Road
Fire
Womens
Kodiak
Monashka Bay
Service
Womens
Protection
Bay Fire
Airport
Road Service
District
Bay Service
Area No. 1
Department
Fire District
Area
No. I
Area
REVENUES:
Property taxes
$ 233,217
$ 48,491
$ 29,178
$ 19,546 $
74,760
$ 73,863
State sources
16,221
3,974
-
1,855
8,889
8,520
Federal sources
654
-
-
-
327
Land sale proceeds
-
-
-
-
-
-
Licenses, permits, fees
and other local revenues
Investments and property
Total revenues
EXPENDITURES:
Community development department
General and administration
Health and sanitation department
Capital outlay:
Services district maintenance
Total expenditures
Excess (deficiency) of revenues
37,120 9,017 - - - 20,000
21,457 6,818 586 2,769 12,044 8,034
308,669 68,300 29,764 24,170 96,020 110,417
151,483 39,306 14,234 - - -
- - - 57,786 142,393 95,221
151,483 39,306 14,234 57,786 142,393 95,221
over (under) expenditures 157,186 28,994 15,530 (33,616) (46,373) 15,196
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds - - - - - -
Operating transfers out to other funds (990) - - - - -
Net other financing sources (uses) (990)
Excess (deficiency) of revenues and
other financing sources over (under)
expenditures and other financing uses
FUND BALANCES (ACCUMULATED
DEFICITS), at beginning of year
FUND BALANCES (ACCUMULATED
DEFICITS), at end of year
156,196 28,994 15,530 (33,616) (46,373) 15,196
320,328 121,888 2,482 77,245 266,546 123,105
$ 476,524 $ 150,882 $ 18,012 $ 43,629 $ 220,173 $ 138,301
56
EXHIBIT B -2
36,090 - - - - -
- - - 93,730 191,663 522,296 5,066
249,998 - 497,028 - - - -
8,397 - - - - - - - -
8,397 - 249,998 36,090 497,028 93,730 191,663 522,296 5,066
2,723 159 (247,321) - 494 - 28,249 (218,662) (2,832)
7,220 300,488 -
- - - - - - 7,220 300,488 -
(2,723) 159 (247,321) - 494 - 35,469 81,826 (2,832)
4,259 3,338 (79,197) (147) 9,142 - (73,641) (171,569) 47,379
$ 1,536 $ 3,497 $ (326,518) $ (147) $ 9,636 $ - $ (38,172) $ (89,743) $ 44,547
(continued)
UFA
Federal and State Grant Programs
Road
Woodland
Bay View
Service
Mental
Child Care
Welfare to
Buildings
Acres Street
Road Service
Area
Health
Coastal Assistance
Work
and
Light Service
Area
No. 2
Center
Management Program
Program
Land Sales
Grounds
Area
$ 4,754 $
-
$ -
$ - $ -
$ -
-
675
-
2,677
36,090 497,522
93,730
-
-
89
-
-
-
- -
-
158,858
-
-
-
-
-
- -
-
61,054
-
-
245
159
-
- -
-
-
303,634
2,145
5,674
159
2,677
36,090 497,522
93,730
219,912
303,634
2,234
36,090 - - - - -
- - - 93,730 191,663 522,296 5,066
249,998 - 497,028 - - - -
8,397 - - - - - - - -
8,397 - 249,998 36,090 497,028 93,730 191,663 522,296 5,066
2,723 159 (247,321) - 494 - 28,249 (218,662) (2,832)
7,220 300,488 -
- - - - - - 7,220 300,488 -
(2,723) 159 (247,321) - 494 - 35,469 81,826 (2,832)
4,259 3,338 (79,197) (147) 9,142 - (73,641) (171,569) 47,379
$ 1,536 $ 3,497 $ (326,518) $ (147) $ 9,636 $ - $ (38,172) $ (89,743) $ 44,547
(continued)
UFA
i
KODIAK ISLAND BOROUGH
EXHIBIT B-2, continued I
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES(ACCUMULATED DEFICITS)
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
EXPENDITURES:
Community development department
General and administration
Health and sanitation department
Capital outlay:
Services district maintenance
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds
Operating transfers out to other funds
Net other financing sources (uses)
Excess (deficiency) of revenues and
other financing sources over (under)
expenditures and other financing uses
FUND BALANCES (ACCUMULATED
DEFICITS), at beginning of year
FUND BALANCES (ACCUMULATED
DEFICITS), at end of year
38,596 - - 74,686 60,393
42,337 - - 360,813 32,203 1,453,131 1,429,824
- - - - - 747,026 1,425,916
- - - - - 303,797 277,879
42,337 - 38,596 360,813 32,203 2,578,640 3,194,012
2,359 4,681,413 1,013 2( 23,424) 1 4,155,643 3,782,806
- 307,708 1,168,761
(476,000) - - - (476,990) (609,001)
(476,000) - - - (169,282) 559,760
2,359 4,205,413 1,013 223,424 1 3,986,361 4,342,566
(2,330) 8,748,896 19,306 (22,053) - 9,394,977 5,052,411
$ 29 $ 12,954,309 $ 20,319 $ 245,477 $ 1 $13,381,338 $ 9,394,977
58
Kodiak
Kodiak
Totals
Arts
Tourism Transit
Council
Facilities
Development Authority L.E.P.C.
1999
1998
REVENUES:
Property taxes
$ -
$ -
$ - $ $ -
$ 483,809
$ 472,949
State sources
-
-
- 35,095 32,204
737,541
1,156,884
Federal sources
-
-
- - -
981
5,657
Land sale proceeds
-
4,000,000
- - -
4,158,858
4,148,612
Licenses, permits, fees
and other local revenues
44,696
-
39,609 102,294 -
313,790
663,984
Investments and property
-
681,413
- - -
1,039,304
528,732
Total revenues
44,696
4,681,413
39,609 137,389 32,204
6,734,283
6,976,818
EXPENDITURES:
Community development department
General and administration
Health and sanitation department
Capital outlay:
Services district maintenance
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds
Operating transfers out to other funds
Net other financing sources (uses)
Excess (deficiency) of revenues and
other financing sources over (under)
expenditures and other financing uses
FUND BALANCES (ACCUMULATED
DEFICITS), at beginning of year
FUND BALANCES (ACCUMULATED
DEFICITS), at end of year
38,596 - - 74,686 60,393
42,337 - - 360,813 32,203 1,453,131 1,429,824
- - - - - 747,026 1,425,916
- - - - - 303,797 277,879
42,337 - 38,596 360,813 32,203 2,578,640 3,194,012
2,359 4,681,413 1,013 2( 23,424) 1 4,155,643 3,782,806
- 307,708 1,168,761
(476,000) - - - (476,990) (609,001)
(476,000) - - - (169,282) 559,760
2,359 4,205,413 1,013 223,424 1 3,986,361 4,342,566
(2,330) 8,748,896 19,306 (22,053) - 9,394,977 5,052,411
$ 29 $ 12,954,309 $ 20,319 $ 245,477 $ 1 $13,381,338 $ 9,394,977
58
F7
J
I KODIAK ISLAND BOROUGH
1
1
1
1
1
1
1
r
1
L�
EXIIQBIT B-3
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, 1999 (with comparative totals for 199
1999
REVENUES:
Property taxes
State sources - Shared revenue
Federal sources - Payment in lieu of taxes
Licenses, permits, fees and other local revenue
Investments and property
Total revenues
EXPENDITURES:
General and administration:
Fire chief
Volunteers
Fringe benefits
Contracted services
Support goods and services
Capital outlay
Depreciation
Total expenditures
Excess (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
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
$ 223,000
$ 233,217
$ 10,217
$ 222,767
16,220
16,221
1
20,530
2,000
654
(1,346)
2,586
19,000
37,120
18,120
5,348
29,200
21,457
(7,743)
43,543
289,420
308,669
19,249
294,774
50,140
50,301
(161)
74,947
15,000
9,387
5,613
7,700
20,270
15,749
4,521
64,227
38,690
7,484
31,206
2,925
105,320
64,425
40,895
78,258
75,000
4,137
70,863
14,978
25,000
-
25,000
-
329,420
151,483
177,937
243,035
(40,000)
157,186
197,186
51,739
- - 11,198
(990) (990) (400,000)
(990) (990) (388,802)
$ (40,000) 156,196 $ 196,196 (337,063)
320,328 657,391
$ 476,524 $ 320,328
k 59
KODIAK ISLAND BOROUGH
EXIIIBIT B4
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, 1999 (with comparative totals for 1998)
1999
REVENUES:
Property taxes
State sources
Licenses, permits, fees and
other local revenues
Investments and property
Total revenues
EXPENDITURES:
General and administration:
Personnel services
Fringe benefits
Support goods and services
Capital outlay
Total expenditures
Excess of revenues over expenditures
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
$ 44,470
$ 48,491
$ 4,021
$ 44,178
430
3,974
3,544
542
9,000
9,017
17
9,012
3,000
6,818
3,818
6,201
56,900
68,300
11,400
59,933
1,700 689
1,011 -
3,000 -
3,000 -
44,130 34,818
9,312 31,247
8,070 3,799
4,271 1,723
56,900 39,306
$ - 28,994
17,594 32,970
$ 28,994 26,963
121,888
$ 150,882
60
94,925
$ 121,888
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 JUN 30, 1999 (with comparative totals for 1998)
1999
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
REVENUES:
Property taxes
Investments and property
Total revenues
EXPENDITURES:
General and 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
$ 30,350
$ 29,178
$ (1,172)
$ 14,339
290
586
296
287
30,640
29,764
(876)
14,626
30,540 14,133 16,407 12,087
100 101 (1) 57
30,640 14,234 16,406 12,144
$ - 15,530 $ 15,530 2,482
2,482 -
$ 18,012 $ 2,482
61
KODIAK ISLAND BOROUGH
EX HIT 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, 1999 (with comparative totals for 1998)
1999
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
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
$ 19,795 $ 19,546 $ (249) $ 19,692
1,855 1,855 - 1,690
2,300 2,769 469 4,126
23,950 24,170 220 25,508
500
-
500
-
12,000
15,073
(3,073)
6,614
8,500
1,890
6,610
10,470
51,950
40,722
11,228
57
900
101
799
117
73,850
57,786
16,064
17,258
$ (49,900) (33,616) $ 16,284
77,245
$ 43,629
8,250
68,995
$ 77,245
62
1
Total revenues
EXPENDITURES:
Capital outlay:
Service district maintenance:
Personnel services
Repairs and maintenance
Snow removal/sanding
Road grading/ditching
Support goods and services
Total expenditures
Excess of revenues over expenditures
OTHER FINANCING USES:
Operating transfers out to other funds:
Capital Projects - Borough projects
Total other financing uses
Deficiency of revenues under
expenditures and other financing uses
76,890 96,020 19,130 121,605
3,990
3,536
454
3,655
75,000
KODIAK ISLAND BOROUGH
42,648
EXHIBIT B-7
75,000
68,154
6,846
47,607
35,000
SPECIAL REVENUE FUNDS
(1,727)
19,815
1,600
FIRE AND ROAD SERVICE AREAS - SERVICE DISTRICT NO. 1
(24)
1,204
190,590
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
48,197
143,578
(113,700)
AND CHANGES IN FUND BALANCE
67,327
(21,973)
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999
Variance -
favorable
1998
Budget Actual
(unfavorable)
Actual
REVENUES:
Property taxes $ 55,500 $ 74,760
$ 19,260
$ 90,429
State sources - Shared Revenue 8,890 8,889
(1)
9,166
Federal sources - Payment in lieu of taxes 2,500 327
(2,173)
3,071
Investments and property 10,000 12,044
2,044
18,939
Total revenues
EXPENDITURES:
Capital outlay:
Service district maintenance:
Personnel services
Repairs and maintenance
Snow removal/sanding
Road grading/ditching
Support goods and services
Total expenditures
Excess of revenues over expenditures
OTHER FINANCING USES:
Operating transfers out to other funds:
Capital Projects - Borough projects
Total other financing uses
Deficiency of revenues under
expenditures and other financing uses
76,890 96,020 19,130 121,605
3,990
3,536
454
3,655
75,000
32,352
42,648
71,297
75,000
68,154
6,846
47,607
35,000
36,727
(1,727)
19,815
1,600
1,624
(24)
1,204
190,590
142,393
48,197
143,578
(113,700)
(46,373)
67,327
(21,973)
(25,820)
(25,820)
$ (113,700) (46,373) $ 67,327 (47,793)
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
266,546 314,339
$ 220,173 $ 266,546
63
KODIAK ISLAND BOROUGH
EXHIBIT B-8
SPECIAL REVENUE FUNDS
FIRE AND ROAD SERVICE AREAS - WOMENS BAY SERVICE AREA
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999
REVENUES:
Property taxes
State sources Shared revenue
Licenses, permits, fees and other
local revenues
Penalties and interest
Total revenues
EXPENDITURES:
Capital outlay:
Service district maintenance:
Personnel services
Snow removal/sanding
Road grading/ditching
Repairs and maintenance
Service district maintenance
Total expenditures
Ecxess (deficiency) of revenues over
(under) expenditures
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
$ 80,670 $ 73,863 $ (6,807) $ 66,926
9,000 8,520 (480) 8,816
20,000 20,000 - 20,000
11,500 8,034 (3,466) 8,227
121,170 110,417 (10,753) 103,969
3,430
-
3,430
353
38,040
42,714
(4,674)
40,670
26,700
43,563
(16,863)
24,713
30,000
9,165
20,835
43,053
23,000
(221)
23,221
581
121,170 95,221
$ - 15,196 $ 15,196
25,949 109,370
123,105
$ 138,301
(5,401)
128,506
$ 123,105
64
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, 1999 (with comparative totals for 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
Deficiency of revenues under expenditures
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
5,470
5,674
204 5,906
-
1999
-
72
2,500
7,196
Variance -
3,852
1,970
1,040
favorable
1998
Budget
Actual
(unfavorable)
Actual
$ 4,600
$ 4,754
$ 154
$ 4,797
670
675
5
733
200
245
45
376
5,470
5,674
204 5,906
-
-
-
72
2,500
7,196
(4,696)
3,852
1,970
1,040
930
2,728
1,000
125
875
995
-
36
(36)
26
5,470
8,397
(2,927)
7,673
$ -
(2,723)
$ (2,723)
(1,767)
4,259
6,026
$ 1,536
$ 4,259
65
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
FIRE AND ROAD SERVICE AREAS- SERVICE AREA NO.2
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
EXHIBIT B-10
1999
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
REVENUES:
Investments and property $ 200 $ 159 $ (41) $ 173
Total revenues 200 159 (41) 173
EXPENDITURES:
Capital outlay:
Service district maintenance
Total expenditures
Excess of revenues
over expenditures
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
200 - 200 -
200 - 200 -
$ - 159 $ 159 173
3,338
$ 3,497
3,165
$ 3,338
66
1
KODIAK ISLAND BOROUGH
EXIIIBIT B-11
SPECIAL REVENUE FUNDS
MENTAL HEALTH CENTER
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND DEFICIT
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999
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
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
Budget Actual
Variance -
favorable 1998
(unfavorable) Actual
$ - $ 2,677 $ 2,677 $ 532,863
382,287
1,166
167
2,677 2,677 916,483
- 161 (161) 814,020
- - 21,361
- - 28,452
- - 5,758
- - 6,959
249,837 (249,837) 174,712
249,998 (249,998) 1,051,262
(247,321) (247,321) (134,779)
439,445
100,088
539,533
$ - (247,321) $ (247,321) 404,754
(79,197) (483,951)
$ (326,518) $ (79,197)
67
KODIAK ISLAND BOROUGH
EXHIBIT B-12
SPECIAL REVENUE FUNDS
COASTAL MANAGEMENT
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND DEFICIT
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
REVENUES:
State sources - Grants $ 36,090 $ 36,090 $ - $ 31,120
Total revenues 36,090 36,090 - 31,120
EXPENDITURES:
Community development department:
CMG Special 10,000 10,000 - 5,000
Planning and zoning 26,090 26,090 - 26,126
Total expenditures 36,090 36,090 - 31,126
Deficiency of revenues under expenditures $ - - $ - (6)
FUND DEFICIT, at beginning of year (147) (141)
FUND DEFICIT, at end of year $ ( 147) $ (147)
68
KODIAK ISLAND BOROUGH
EXIIIBIT 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, 1999 (with comparative totals for 1998)
1999
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
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
$ 516,327 $ 497,522 $ (18,805) $ 375,182
516,327 497,522 (18,805) 375,182
518,234 497,028
518,234 497,028
(1,907) 494
21,206 374,654
21,206 374,654
2,401 528
- 3,000
Excess (deficiency) of revenues and other
financing sources over (under) expenditures $ (1,907)
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
69
494 $ 2,401
9,142
$ 9,636
3,528
5,614
$ 9,142
KODIAK ISLAND BOROUGH EXHIBff B-14
SPECIAL REVENUE FUNDS
WELFARE TO WORK PROGRAM
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999
Variance-
favorable 1998
Budget Actual (unfavorable) Actual
REVENUES:
State sources - Grants $ 114,400 $ 93,730 $ (20,670) $ -
Total revenues 114,400 93,730 (20,670) -
EXPENDITURES:
General and administration:
Personnel services
Professional services
Support goods & services
Total expenditures
Excess of revenues
over expenditures
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
5,720 5,720 - -
106,480 87,607 18,873 -
2,200 403 1,797 -
114,400 93,730 20,670 -
70
1
KODIAK ISLAND BOROUGH
EXHIBIT B-15
SPECIAL REVENUE FUNDS
LAND SALES
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND DEFICIT
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999
REVENUES:
Land sale proceeds
Licenses, permits, fees and other
local revenues:
Gravel sales
Other
Total revenues
EXPENDITURES:
General and administration:
Personnel services
Contracted services
Support goods and services
Capital outlay
Total expenditures
Excess of revenues over expenditures
OTHER FINANCING SOURCES:
Operating transfers in from other funds:
Debt Service Other
Net other financing sources
Excess of revenues and other financing
sources over expenditures
FUND DEFICIT, at beginning of year
FUND DEFICIT, at end of year
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
$ 129,010 $ 158,858 $ 29,848 $ 148,612
63,900
57,524
(6,376)
54,614
3,020
3,530
510
870
195,930
219,912
23,982
204,096
154,360
159,215
(4,855)
137,763
2,500
1,566
934
8,857
35,060
26,870
8,190
36,988
4,010
4,012
(2)
678
195,930
191,663
4,267
184,286
-
28,249
28,249
19,810
7,220 7,220 1,320
7,220 7,220 1,320
$ - 35,469 $ 35,469 21,130
(73,641) (94,771)
$ (38,172) $ (73,641)
71
KODIAK ISLAND BOROUGH
EXHIBIT B-16 I
SPECIAL REVENUE FUNDS
BUILDINGS AND GROUNDS
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND DEFICIT
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999
REVENUES:
Investments and property:
Rental
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:
Operating transfers in from other funds:
General Fund
Facilities Fund
Debt Service Fund 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
Variance-
favorable 1998
Budget Actual (unfavorable) Actual
$ 320,910 $ 303,634 $ (17,276) $ 357,643
320,910 303,634 (17,276) 357,643
114,640
105,056
9,584
346,360
361,213
(14,853)
10,260
6,729
3,531
81,180
49,298
31,882
r
r
109,820
384,099
57,395
46,037
552,440 522,296 30,144 597,351
1
(231,530)
(218,662)
(12,868) (239,708)
119,770
119,770
- 195,030
180,000
180,000
- -
-
718
718 499
299,770
300,488
718 195,529
$ 68,240 81,826
(171,569)
$ (89,743)
$ (12,150) (44,179)
(127,390)
$ (171,569)
J
1
r
F-J
72
KODIAK ISLAND BOROUGH
EXHIBIT B-17
SPECIAL REVENUE FUNDS
WOODLAND ACRES STREET LIGHT SERVICE AREA
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
73
1999
Variance -
favorable
1998
Budget
Actual
(unfavorable)
Actual
REVENUES:
Property taxes
$ -
$ -
$ -
$ 9,821
State sources - Shared revenue
90
89
(1)
157
Investments and property
2,000
2,145
145
2,486
Total revenues
2,090
2,234
144
12,464
EXPENDITURES:
General and administration:
Electricity
7,470
5,066
2,404
4,990
Capital outlay
3,000
-
3,000
-
Total expenditures
10,470
5,066
5,404
4,990
Excess (deficiency) of revenues over
expenditures
$ (8,380)
(2,832)
$ 5,548
7,474
FUND BALANCE, at beginning of year
47,379
39,905
FUND BALANCE, at end of year
$ 44,547
$ 47,379
73
KODIAK ISLAND BOROUGH
EXHIBIT B-18
SPECIAL REVENUE FUNDS
KODIAK ARTS COUNCIL
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE (DEFICIT)
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999
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
Excess (deficiency) of revenues
over (under) expenditures
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
$ 69,610
$ 44,696
$ (24,914)
$ 66,028
15,810
6,620
9,190
14,695
69,610
44,696
(24,914)
66,028
52,400
34,736
17,664
52,395
15,810
6,620
9,190
14,695
1,400
981
419
1,268
69,610
42,337
27,273
68,358
$ -
2,359
$ 2,359
(2,330)
FUND BALANCE (DEFICIT), at beginning of year (2,330)
FUND BALANCE (DEFICIT), at end of year $ 29
$ (2,330)
74
KODIAK ISLAND BOROUGH EXHIBIT B-19
SPECIAL REVENUE FUNDS
FACILITIES
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999
Excess of revenues over expenses 476,000 4,681,413 4,205,413
OTHER FINANCING SOURCES (USES):
Operating transfers in (out) from (to) other funds:
Capital Projects - Borough projects (296,000)
Buildings and grounds (180,000)
Kodiak Fisheries Research Center -
Net other financing sources (uses) (476,000)
Excess of revenues and other financing sources
over expenditures and other financing uses
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
(296,000) -
(180,000) -
(476,000) -
4,085,398
(185,000)
420,000
235,000
$ - 4,205,413 $ 4,205,413 4,320,398
8,748,896
$ 12,954,309
4,428,498
$ 8,748,896
75
Variance -
favorable
1998
Budget
Actual
(unfavorable)
Actual
REVENUES:
Land sale proceeds:
Proceeds from the sale of Shuyak Island
$ 4,000,000
$ 4,000,000
$ -
$ 4,000,000
Investments and property
726,000
681,413
(44,587)
85,398
Total revenues
4,726,000
4,681,413
(44,587)
4,085,398
EXPENDITURES:
General and administration
4,250,000
-
4,250,000
-
Total expenditures
4,250,000
-
4,250,000
-
Excess of revenues over expenses 476,000 4,681,413 4,205,413
OTHER FINANCING SOURCES (USES):
Operating transfers in (out) from (to) other funds:
Capital Projects - Borough projects (296,000)
Buildings and grounds (180,000)
Kodiak Fisheries Research Center -
Net other financing sources (uses) (476,000)
Excess of revenues and other financing sources
over expenditures and other financing uses
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
(296,000) -
(180,000) -
(476,000) -
4,085,398
(185,000)
420,000
235,000
$ - 4,205,413 $ 4,205,413 4,320,398
8,748,896
$ 12,954,309
4,428,498
$ 8,748,896
75
KODIAK ISLAND BOROUGH EXHIBIT B-20
SPECIAL REVENUE FUNDS
TOURISM DEVELOPMENT
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
REVENUES:
Licenses, permits, fees
and other local revenues
Investments and property
Total revenues
EXPENDITURES:
Community development:
Contracted services
Contributions
Support goods and services
Total expenditures
Excess of revenues over expenditures
FUND BALANCE, at beginning of year
FUND BALANCE, at end of year
$ 33,500 $ 39,609 $ 6,109 $ 37,273
100 - (100) -
33,600 39,609 6,009 37,273
- 10,000 (10,000) -
33,600 28,600 5,000 29,100
- (4) 4 167
33,600 38,596 (4,996) 29,267
$ - 1,013 $ 1,013 8,006
19,306 11,300
$ 20,319 $ 19,306
76
1
1
KODIAK ISLAND BOROUGH
EXHIBIT B-21
1
1
SPECIAL REVENUE FUNDS
KODIAK TRANSIT AUTHORITY
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE (DEFICIT)
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1
1999
Variance -
Budget
Actual
favorable
(unfavorable)
1998
Actual
REVENUES:
City of Kodiak subsidy $
40,000
$ 56,400
$ 16,400
$ 73,095
State sources - grants
100,000
35,095
(64,905)
150,685
Federal sources - grants
40,000
-
(40,000)
-
Licences, permits, fees
and other local revenues
130,000
45,894
(84,106)
15,457
Total revenues
310,000
137,389
(172,611)
239,237
EXPENDITURES:
General and administration:
Transportation services
330,000
321,474
8,526
141,198
Support goods and services
30,000
12,879
17,121
13,148
Capital outlay
10,000
26,460
(16,460)
106,944
Total expenditures
370,000
360,813
9,187
261,290
Deficiency of revenues under
expenditures $
(60,000)
(223,424)
_L (l
(22,053)
FUND BALANCE (DEFICIT), at beginning of year
(22,053)
-
d of year
FUND DEFICIT, at en y
$ (245,477)
$ (22,053)
1
KODIAK ISLAND BOROUGH
EXHIBIT B-22
SPECIAL REVENUE FUNDS
L.E.P.0
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999
REVENUES:
State sources:
L.E.P.C.grant
Total revenues
EXPENDITURES:
General administration:
Personnel services
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 1998
Budget Actual (unfavorable) Actual
$ 50,000
$ 32,204
$ (17,796)
$ 25,400
50,000
32,204
(17,796)
25,400
- 1,049 (1,049) -
23,600 29,050 (5,450) 20,642
26,400 2,104 24,296 4,758
50,000 32,203 17,797 25,400
$ - 1 $ 1 -
$ 1
78
i�
FJ
F
DEBT SERVICE FUNDS
0
t
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.
KODIAK ISLAND BOROUGH EDIT C -1
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1999 (with comparative totals for 1998)
Totals
Bonds Other 1999 1998
ASSETS
Equity in central treasury $ 244 $ - $ 244 $ 589,247
Due from State of Alaska 16,506 - 16,506 15,833
Due from other funds 333,826 122,141 455,967 -
TOTAL $ 350,576 $ 122,141 $ 472,717 $ 605,080
LIABILITIES AND FUND BALANCES
LIABILITIES:
Accounts payable $ 10,417 $ - $ 10,417 $ 10,417
Total liabilities 10,417 - 10,417 10,417
FUND BALANCES:
Reserved for subequent year expenditures 221,230 - 221,230 -
Unreserved 118,929 122,141 241,070 594,663
TOTAL $ 350,576 $ 122,141 $ 472,717 $ 605,080
79
n
KODIAK ISLAND BOROUGH
EXHIBIT C -2 I
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCES
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
REVENUES:
Investments and property:
Interest income
Other income
Total revenues
EXPENDITURES:
Debt service:
Principal
Interest
Fiscal agent fees
Total expenditures
Deficiency of revenues under expenditures
OTHER FINANCING SOURCES (USES):
Proceeds from issuance of bonds
Accrued interest
Discount on bonds
Purchase of restricted escrow
Underwriters discount
MBIA insurance
Insurance
Accrued interest
Other
Operating transfer in from component unit
Operating transfers in from other funds
Operating transfers out to other funds
Total other financing sources (uses)
Deficiency of revenues and operating
transfers in over (under) expenditures
and operating transfers out
FUND BALANCES, beginning of year
FUND BALANCES, end of year
Totals
Bonds Other 1999 1998
$ -
$ $ -
$ 14,840
1,834
- 1,834
-
1,834
- 1,834
14,840
1,915,833
- 1,915,833
1,660,833
852,040
- 852,040
1,139,287
1,612
- 1,612
2,079
2,769,485
- 2,769,485
2,802,199
(2,767,651)
- (2,767,651)
(2,787,359)
9,740,000
- 9,740,000
-
24,236
- 24,236
-
(22,681)
- (22,681)
-
(9,564,676)
- (9,564,676)
-
(17,356)
- (17,356)
-
(65,266)
- (65,266)
-
(68,188)
- (68,188)
-
(24,237)
- (24,237)
-
(1,832)
- (1,832)
-
1,650,598
- 1,650,598
1,651,332
1,024,270
990 1,025,260
1,033,907
-
(40,570) (40,570)
(113,105)
2,674,868
(39,580) 2,635,288
2,572,134
(92,783) (39,580) (132,363) (215,225)
432,942 161,721 594,663 809,888
$ 340,159 $ 122,141 $ 462,300 1 $ 594,663
t
1
C
L
l- I
80 1
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, 1999 (with comparative totals for 1998)
1999
variance-
favorable 1998
Budget Actual (unfavorable) Actual
REVENUES:
Investments and property:
Interest income
Other income
Total revenues
EXPENDITURES:
Debt service:
Principal
Interest
Fiscal agent fees
General and administrative
$ 10,000
Total expenditures
$ (10,000)
Excess (deficiency) of revenues
'
under expenditures
1,834
OTHER FINANCING SOURCES (USES):
10,000
Proceeds from issuance of bonds
(8,166)
Accrued interest
-
Discount on bonds
(17,356)
Purchase of restricted escrow
1,923,340
Underwriters discount
7,507
MBIA insurance
885,430
Insurance
33,390
Accrued interest
Other
10,000
Operating transfer in from component unit
8,388
Operating transfers in from other funds
36,400
Net other financing sources
36,400
Excess (deficiency) of revenues and other
2,855,170
financing sources over (under) expenditures
85,685
and other financing uses
1,024,270
FUND BALANCE, at beginning of year
-
FUND BALANCE, at end of year
$ 10,000
$ -
$ (10,000)
$ 14,840
-
1,834
1,834
-
10,000
1,834
(8,166)
14,840
-
(17,356)
(17,356)
-
1,923,340
1,915,833
7,507
1,660,833
885,430
852,040
33,390
1,139,287
10,000
1,612
8,388
2,079
36,400
-
36,400
-
2,855,170
2,769,485
85,685
2,802,199
(2,845,170) (2,767,651) 77,519 (2,787,359)
9,740,000 9,740,000
-
24,236
24,236
-
-
(22,681)
(22,681)
-
-
(9,564,676)
(9,564,676)
-
-
(17,356)
(17,356)
-
-
(65,266)
(65,266)
-
-
(68,188)
(68,188)
-
-
(24,237)
(24,237)
-
(1,832)
(1,832)
-
1,592,480
1,650,598
58,118
1,651,332
1,024,270
1,024,270
-
1,019,400
2,616,750
2,674,868
58,118
2,670,732
$ (228,420)
(92,783)
$ 135,637
(116,627)
432,942
549,569
$ 340,159
$ 432,942
81
KODIAK ISLAND BOROUGH EXHWIT C -4
DEBT SERVICE FUNDS
OTHER
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999
EXPENDITURES:
Employee benefits
Deficiency of revenues under expenditures
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds
Operating transfer out to other funds
Net other financing sources (uses)
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
$ 9,000 $ - $ 9,000 $
(9,000) - (9,000) -
9,000 990 (8,010) 14,507
(40,570) (40,570) (113,105)
9,000 (39,580) (48,580) (98,598)
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
82
(39,580) $ (57,580)
161,721
$ 122,141
(98,598)
260,319
$ 161,721
1
1
n
CAPITAL PROJECTS FUNDS
Capital Projects Funds are used to account for general govern-
ment capital projects financed by general obligation bond issues,
intergovernmental grants, contributions from other funds and interest
income, exclusive of projects financed by proprietary funds.
i�
L
1
[1
LI
KODIAK ISLAND BOROUGH
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEET
JANE 30, 1999 (with comparative totals for 1998)
ASSETS
Equity in central treasury
Temporary investments
Receivables:
State of Alaska
Accrued interest
Due from other funds
TOTAL
LIABILITIES AND FUND BALANCES
LIABILITIES:
Accounts payable
Retainages payable
Due to other funds
Total liabilities
FUND BALANCES:
Fund Balances:
Reserved for encumbrances
Unreserved:
Undesignated
Total fund balances
TOTAL
Various School Hospital
Borough Bond Bond
Projects Improvements Improvements
284,569
$ 284,569
16,253 -
$ 16,253 $ -
$ 13,862 $ - $ -
3,706 - -
61,774 16,253 -
79,342 16,253 -
51,159 - -
154,068 - -
205,227 - -
$ 284,569 $ 16,253 $ -
84
EIHIIBIT D -1
Kodiak
State
Fisheries
Capital
Research Center
Grants
Totals
1999 1998
$ - $ - $ - $ 1,037,382
6,003,810
306,427 306,427 346,801
- - 47,660
- 300,822 344,141
$ - $ 306,427 $ 607,249 $ 7,779,794
$ 21,769 $ 35,631 $ 1,805,952
110,120 113,826 790,350
108,724 186,751 1,015,000
240,613 336,208 3,611,302
587,942 639,101 4,593,097
(522,128) (368,060) (424,605)
65,814 271,04I 4,168,492
$ - $ 306,427 $ 607,249 $ 7,779,794
85
KODIAK ISLAND BOROUGH
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
TRANSFERS AND CHANGES IN FUND BALANCES (ACCUMULATED DEFICITS)
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
Various School
Borough Bond
Projects Improvements
REVENUES:
State sources $ - $ -
Federal sources
Licenses, permits, fees and other local revenues
Investments and property
Total revenues
EXPENDITURES:
Capital improvements:
Schools
General
Total expenditures
Deficiency of revenues
under expenditures
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds
Operating transfers out to other funds
Operating transfers out to component unit
Proceeds from issuance of long -term debt
Net other financing sources (uses)
Excess (deficiency) of revenues and other financing
sources under expenditures and other
financing uses
FUND BALANCES (ACCUMULATED
DEFICITS), at beginning of year
Residual equity transfers out
FUND BALANCES, at end of year
10,800 -
10,800 -
958,752 5,141
245,392 -
1,204,144 5,141
(1,193,344) (5,141)
599,480 188,393
(188,393) -
411,087 188,393
(782,257)
183,252
987,484 (183,252)
$ 205,227 $ -
86
EXHIBIT D -2
Hospital Kodiak
State
963,893
668,790
Bond Fisheries
Capital
Totals
7,768,730
Improvements Research Center
Grants
1999
1998
$ - $ -
$ 787,028
$ 787,028 $
3,687,582
- -
296,494
296,494
3,080,735
- -
-
10,800
254,310
- 135,433
-
135,433
190,677
- 135,433
1,083,522
1,229,755
7,213,304
- -
-
963,893
668,790
13,750 2,492,362
1,415,131
4,166,635
7,768,730
13,750 2,492,362
1,415,131
5,130,528
8,437,520
(13,750) (2,356,929)
(331,609)
(3,900,773)
(1,224,216)
- -
418,869
1,206,742
1,731,720
- (786,000)
-
(974,393)
(1,300,000)
- -
-
-
(60,000)
- -
5,249
5,249
99,698
- (786,000)
424,118
237,598
471,418
(13,750) (3,142,929) 92,509 (3,663,175) (752,798)
32,540 3,358,415 (26,695) 4,168,492 4,921,290
(18,790) (215,486) - (234,276) -
$ - $ - $ 65,814 $ 271,041 $ 4,168,492
87
88 1
KODIAK ISLAND BOROUGH
CAPITAL
PROJECTS FUNDS
SCHEDULE OF CAPITAL PROJECTS
,
FOR THE YEAR ENDED JUNE 30, 1999
APPROPRIATIONS
'
TOTAL
NO.
PROJECT
STATUS
PRIOR
1999
APPROPRIATIONS
Capital Projects - Education:
39
420 -501 Peterson Elementary
Open
$ 751,340
$ 186,240
$ 937,580
78
410 -462 High School Library Roof
Open
35,000
-
35,000
128
410 -653 Peterson Addition (Match)
Open
659,450
510,000
1,169,450
130
410 -655 East Elementary Doorways
Open
4,200
-
4,200
139
430 -639 Peterson Addition (Grant)
Open
141,603
-
141,603
152
410 -668 High School Roof Design
Open
72,800
-
72,800
153
410 -669 Middle School Gym Roof
Complete
10,000
-
10,000
,
155
410 -671 Chiniak School Exit Roof
Complete
5,700
-
5,700
156
410 -672 Port Lions Basketball Ct.
Complete
24,000
9,000
33,000
168
430 -647 Peterson Match Grant
Open
129,230
-
129,230
179
430 -689 Peterson Matching #3
Open
130,000
-
130,000
Total Education
1,963,323
705,240
2,668,563
,
Capital Projects - Health:
95
425 -540 Hospital Remodel
Complete
18,007,244
-
18,007,244
121
410 -647 New Ambulance Purchase
Open
18,000
6,000
24,000
166
425 -541 Hospital Renovation
Complete
-
-
-
Total Health
18,025,244
6,000
18,031,244
'
Capital Projects- Utilities:
182
410 -692 State Fair & Rodeo Water
Open
25,000
-
25,000
,
Total Utility
25,000
-
25,000
Capital Projects - Other:
P J
;
410 -400 Undesignated Projects
Open
-
-
-
79
410 -463 Crab Analog Report
Open
10,000
-
10,000
,
85
410 -471 Village Metals Removal
Open
150,000
-
150,000
105
410 -482 Anton Larsen Dock
Open
140,000
-
140,000
114
410- 642 State Airport Improvements
Open
11,000
-
11,000
115
410 -643 Chiniak Tsunami Siren
Open
30,000
-
30,000
117
410 -645 Heliopad Striping
Open
3,000
-
3,000
'
124
426 -801 Kodiak Fisheries
Research Center
Complete
20,850,000
(9,300,000)
11,550,000
133
410 -658 Red Cross Building Repairs
Open
12,000
-
12,000
'
88 1
EXHMIT D -3
EXPENDITURES ENCUMBRANCES
TOTAL UNEXPENDED CURRENT UNENCUMBERED
PRIOR 1999 EXPENDITURES BALANCE ENCUMBRANCES BALANCE
$ 932,441
$ 5,141 $
937,582 $
31,957
3,043
35,000
251,042
915,468
1,166,510
111,203
30,399
141,602
3,804
2,073
5,877
-
9,980
9,980
2,513
38
2,551
18,735
14,541
33,276
125,511
3,719
129,230
-
130,000
130,000
(2) $
- $ (2)
2,940
4,959 (2,019)
4,200
- 4,200
1
- 1
66,923
- 66,923
20
- 20
3,149
- 3,149
(276)
- (276)
1,477,206 1,114,402 2,591,608
76,955 4,959 71,996
13,880,293
4,254
13,884,547
4,122,697
- 4,122,697
-
-
-
24,000
- 24,000
4,126,952
9,497
4,136,449
(4,136,449)
- (4,136,449)
18,007,245
13,751
18,020,996
10,248
- 10,248
-
8,239
8,239
16,761
- 16,761
-
8,239
8,239
16,761
- 16,761
3,006
54,503
57,509
(57,509)
- (57,509)
-
10,000
10,000
-
- -
111,415
-
111,415
38,585
- 38,585
134,179
3,611
137,790
2,210
- 2,210
60
-
60
10,940
- 10,940
28,769
-
28,769
1,231
- 1,231
-
-
-
3,000
- 3,000
9,428,174
2,492,361
11,920,535
(370,535)
- (370,535)
6,777
-
6,777
5,223
- 5,223
(continued)
89
1
KODIAK ISLAND BOROUGH I
CAPITAL PROJECTS FUNDS
SCHEDULE OF CAPITAL PROJECTS '
FOR THE YEAR ENDED JUNE 30, 1999
APPROPRIATIONS ,
PROJECT
TOTAL
NO.
PROJECT
STATUS
PRIOR
1999
APPROPRIATIONS
Capital Projects - Other (continued) :
142
430 -642 Clean Water Fund/Karluk
Open
$ 50,000
$ -
$ 50,000
143
430 -643 EVOSTC Project
Open
250,000
-
250,000
145
410 -662 Computer Software Acquis.
Open
590,000
-
590,000
146
410 -663 BMX Bike Trail
Open
55,000
-
55,000
158
410 -674 Fire Service Study
Open
20,000
11,055
31,055
159
410 -675 Borough Parks
Open
26,500
-
26,500
164
430 -645 Waste Management Imp
Open
1,630,000
227,100
1,857,100
165
430 -646 Landfill Closeout
Open
1,000,000
2,000,000
3,000,000
169
430 -649 Clean Water Karluk
Open
350,000
-
350,000
170
410 -680 Bayside Fuel Tank Removal
Open
5,000
-
5,000
171
410 -681 Womens Bay Tank Removal
Complete
32,000
10,000
42,000
172
410 -682 Nixon Ranch Road
Open
23,000
-
23,000
173
410 -683 Bayside Classroom Add
Open
75,000
-
75,000
174
410 -684 Bayside Storage/Bay Add
Open
325,000
-
325,000
175
430 -685 Anton Larsen Bay Trail
Complete
70,000
-
70,000
176
430 -686 Isl Lake Trail Ext
Complete
25,000
-
25,000
177
430 -687 Anton Larsen Boat Ramp
Open
400,000
-
400,000
178
430 -688 Karluk Clinic
Open
214,500
10,000
224,500
181
430 -691 Isl Lake Crk Fish Passage
Open
10,000
-
10,000
183
410 -693 School Freezer Relocation
Complete
40,000
-
40,000
184
430 -694 Oil Spill Response Equipment
Open
-
400,000
400,000
Transfers Out - Fund 426
Open
-
-
-
Transfers Out - Fund 410
Open
-
-
-
Total - Capital Projects Other
26,397,000 (6,641,845) 19,755,155
1
11
Total All Capital Projects $ 46,410,567 $ (5,930,605) $ 40,479,962 '
90
EXHIBIT D -3, continued
EXPENDITURES ENCUMBRANCES
TOTAL UNEXPENDED CURRENT UNENCUMBERED
PRIOR 1999 EXPENDITURES BALANCE ENCUMBRANCES BALANCE
$ 23,192
$ - $
23,192 $
26,808 $
- $ 26,808
228,007
10,769
238,776
11,224
- 11,224
384,729
47,052
431,781
158,219
- 158,219
13,088
2,854
15,942
39,058
46,200 (7,142)
-
27,980
27,980
3,075
- 3,075
3,031
-
3,031
23,469
- 23,469
-
-
-
1,857,100
- 1,857,100
223,461
1,205,831
1,429,292
1,570,708
494,097 1,076,611
82,083
2,166
84,249
265,751
- 265,751
-
-
-
5,000
- 5,000
1,794
38,873
40,667
1,333
- 1,333
200
-
200
22,800
- 22,800
12,749
35,450
48,199
26,801
- 26,801
-
20
20
324,980
- 324,980
2,585
44
2,629
67,371
- 67,371
981
22,584
23,565
1,435
- 1,435
-
7,979
7,979
392,021
93,845 298,176
6,211
1,643
7,854
216,646
- 216,646
-
-
-
10,000
- 10,000
-
30,419
30,419
9,581
- 9,581
-
-
-
400,000
- 400,000
6,804
786,000
792,804
(792,804)
- (792,804)
-
188,393
188,393
(188,393)
- (188,393)
10,701,295 4,968,532 15,669,827 4,085,328 634,142 3,451,186
$ 30,185,746 $ 6,104,924 $ 36,290,670 $ 4,189,292 $ 639,101 $ 3,550,191
91
1
F
1
1
1
ENTERPRISE FUNDS
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
n
� 1
1
ENTERPRISE FUNDS
The Municipal Solid Waste Collection and Disposal Fund accounts for the collection
and disposal of solid waste and recycling services for the Kodiak Island Borough.
The Hospital Facilities Fund accounts for rents on the Borough owned hospital; hospital
related state revenue sharing; and other hospital related revenue. In turn, it purchases
hospital equipment and makes debt service payments on hospital related debt.
The 911 Service Fund accounts for funds collected from phone charges and pays for a
911 emergency system.
The Kodiak Fisheries Research Center Fund accounts for rents and expenses on the
Borough owned Kodiak Fisheries Research Center. The four tenants: NOAA, Alaska
Department of Fish & Game, National Park Service and University of Alaska, Fairbanks
pay lease funds to participate in this multi- agency research facility committed to the
preservation of the North pacific marine ecosystem and resources.
KODIAK ISLAND BOROUGH
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 19 99 (with comparative totals for 1998)
Municipal Kodiak
Solid Waste Fisheries
Collection and Hospital 911 Research Totals
Disposal Facilities Services Center 1999 1998
ASSETS
CURRENT ASSETS:
Equity in central treasury
$ 100
$ -
$ - $ -
$ 100
$ 54,767
Temporary investments
451,170
645,588
- 981,991
2,078,749
89,871
Accrued interest receivable
-
-
- 1,109
1,109
-
Customer receivables
243,209
-
- -
243,209
225,259
Due from other funds
61,019
18,790
11,888 51,546
143,243
790,000
Inventories
-
277,005
- -
277,005
277,007
Total current assets
755,498
941,383
11,888 1,034,646
2,743,415
1,436,904
RESTRICTED ASSETS:
Cash with fiscal agent
-
218,013
- -
218,013
208,203
Temporary investments
-
-
- -
-
139,520
Total restricted assets
-
218,013
- -
218,013
347,723
FIXED ASSETS:
Unclassified utility plant in service
2,205,383
-
- -
2,205,383
2,205,383
Land and improvements
-
409,069
- -
409,069
32,266
Buildings
-
22,289,005
- 18,804,754
41,093,759
4,583,308
Machinery and equipment
840,492
5,410,563
- 1,156,385
7,407,440
6,177,412
Work in process
653,323
3,910,612
- -
4,563,935
11,906,168
3,699,198
32,019,249
- 19,961,139
55,679,586
24,904,537
Less accumulated depreciation
(1,056,480)
(6,085,449)
- (3,987)
(7,145,916)
(6,575,685)
Net fixed assets
2,642,718
25,933,800
- 19,957,152
48,533,670
18,328,852
1
F1
TOTAL $ 3,398,216 $27,093,196 $ 11,888 $ 20,991,798 $ 51,495,098 $ 20,113,479
94
EXHIBIT E -1
Net contributions in
aid of construction 2,283,920 17,956,116 - 11,920,540 32,160,576 1,684,937
Contributed capital - 5,166,717 - 215,486 5,382,203 5,147,927
Retained earnings (accumulated
deficits), unreserved (1,426,999) 266,434 3,658 604,881 (552,026) (1,915,240)
Total fund equities 856,921 23,389,267 3,658 12,740,907 36,990,753 4,917,624
TOTAL $ 3,398,216 $27,093,196 $ 11,888 $20,991,798 $51,495,098 $20,113,479
95
Municipal
Kodiak
Solid Waste
Fisheries
Collection and
Hospital
911
Research
Totals
Disposal
Facilities
Services
Center
1999
1998
LIABILITIES AND FUND EQUITIES
CURRENT LIABILITIES:
Accounts payable
$ 163,442
$ -
$ 8,230
$ 70,163
$ 241,835
$ 258,400
Accrued expenses
19,584
-
-
5,555
25,139
20,455
Current portion of
note payable
-
556,625
-
-
556,625
523,349
Current portion of
lease obligations
-
376,984
-
-
376,984
230,973
Deferred revenues
-
60,000
-
-
60,000
60,000
Due to City of Kodiak
-
-
-
-
-
38,583
Due to other funds
-
178,176
-
370,173
548,349
259,141
Total current liabilities
183,026
1,171,785
8,230
445,891
1,808,932
1,390,901
NONCURRENT LIABILITIES:
Notes payable
418,869
1,891,361
-
-
2,310,230
2,450,303
Capital lease obligations
-
640,783
-
-
640,783
1,154,520
Long -term interfund
borrowings
-
-
-
7,805,000
7,805,000
8,000,000
Accrual for landfill
closure and
postclosure costs
1,939,400
-
-
-
1,939,400
2,200,131
Total liabilities
2,541,295
3,703,929
8,230
8,250,891
14,504,345
15,195,855
FUND EQUITIES:
Contributions in aid
of construction:
State of Alaska
3,136,796
-
-
3,000,000
6,136,796
2,483,473
Other
19,990
17,956,116
-
8,920,540
26,896,646
19,990
3,156,786
17,956,116
-
11,920,540
33,033,442
2,503,463
Accumulated amortization
(872,866)
-
-
-
(872,866)
(818,526)
Net contributions in
aid of construction 2,283,920 17,956,116 - 11,920,540 32,160,576 1,684,937
Contributed capital - 5,166,717 - 215,486 5,382,203 5,147,927
Retained earnings (accumulated
deficits), unreserved (1,426,999) 266,434 3,658 604,881 (552,026) (1,915,240)
Total fund equities 856,921 23,389,267 3,658 12,740,907 36,990,753 4,917,624
TOTAL $ 3,398,216 $27,093,196 $ 11,888 $20,991,798 $51,495,098 $20,113,479
95
KODIAK ISLAND BOROUGH
Municipal
Solid Waste
Collection and
Disposal
ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN RETAINED EARNINGS (ACCUMULATED DEFICITS)
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
OPERATING REVENUES:
Solid waste collection
Solid waste disposal
State sources - revenue sharing
Customer charges
Rents and royalties
Donations
PKIMC gain
Lease proceeds
Other
OPERATING EXPENSES:
Personnel services
Solid waste collection
Refuse disposal
Contracted services
Repairs and maintenance
Landfill closure and postclosure costs
Depreciation
General and administration
Medicaid refund
Telephone services
Recycling services
Contributions
Operating income (loss)
OTHER INCOME (EXPENSES):
Interest income
Interest expense
Loss on sale of assets
Net income (loss)
TRANSFER (TO) FROM OTHER FUNDS:
Operating transfers in from other funds
Operating transfers out to other funds
Amortization of contributions in aid
of construction
Increase in retained earnings
Accumulated deficits at beginning of year
Retained earnings (accumulated deficits)
at end of year
EXIIIBIT E -2 I
r
F]
Kodiak
Fisheries
Hospital 911 Research Totals
Facilities Services Center 1999 1998
$ 1,638,078
$ -
$ -
$ -
$ 1,638,078
$ 1,539,677
855,554
-
-
-
855,554
870,753
-
67,327
-
-
67,327
70,751
-
-
75,951
-
75,951
51,270
-
-
-
995,891
995,891
-
-
91,900
-
-
91,900
-
-
420,613
-
-
420,613
-
54,340
720,000
-
-
720,000
720,000
7,740
-
-
-
7,740
26,742
2,501,372
1,299,840
75,951
995,891
4,873,054
3,279,193
379,496
-
-
105,760
485,256
349,450
1,131,856
-
-
-
1,131,856
1,163,688
139,565
-
-
-
139,565
-
307,634
-
-
-
307,634
288,120
42,891
-
-
-
42,891
33,415
(260,731)
-
-
-
(260,731)
227,512
104,201
545,084
-
3,987
653,272
697,911
181,953
13,810
-
261,964
457,727
196,962
-
2,200
-
-
2,200
163,140
-
-
31,379
-
31,379
185,776
64,110
-
-
-
64,110
68,009
23,524
-
-
-
23,524
50,536
2,114,499
561,094
31,379
371,711
3,078,683
3,424,519
386,873
738,746
44,572
624,180
1,794,371
(145,326)
f
1
i
1,296
18,948
- 842
21,086
244,265
-
(313,231)
- (560,000)
(873,231)
(395,151)
-
(483)
- -
(483)
(10,940)
388,169
443,980
44,572 65,022
941,743
(307,152)
-
-
- 786,000
786,000
1,300,000
(418,869)
-
- -
(418,869)
(420,000)
54,340
-
- -
54,340
74,239
23,640
443,980
44,572 851,022
1,363,214
647,087
(1,450,639)
(177,546)
(40,914) (246,141)
(1,915,240)
(2,562,327)
i
$ (1,426,999) $ 266,434 $ 3,658 $ 604,881 $ (552,026) $ (1,915,240)
1
96 1
1
r;
t
11
I I
t
ADJUSTMENTS TO RECONCILE
KODIAK ISLAND BOROUGH
EXHIBIT E -3
ENTERPRISE FUNDS
COMBINING STATEMENT OF CASH FLOWS
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
PROVIDED BY (USED IN)
Municipal
Kodiak
Solid Waste
Fisheries
OPERATING ACTIVITIES:
Collection an Hospital
911 Research Totals
Disposal Facilities
Services Center 1999 1998
OPERATING INCOME (LOSS) $386,873 $ 738,746
$44,572 $ 624,180 $ 1,794,371 $ (145,326)
r;
t
11
I I
t
ADJUSTMENTS TO RECONCILE
OPERATING LOSS TO NET CASH
PROVIDED BY (USED IN)
OPERATING ACTIVITIES:
Depreciation
104,201
545,084
-
3,987
653,272
697,911
Loss on disposal of fixed assets
-
-
-
-
-
10,940
Net assets received from residual
equity transfer
-
-
-
I,486
1,486
-
Changes in assets and liabilities:
Interest receivable on investments
-
-
-
(1,109)
(1,109)
-
Customer receivables
(17,950)
-
-
-
(17,950)
37,955
Due to /from other funds
228,981
659,386
(24,888)
91,486
954,965
(1,375,859)
Inventories
-
2
-
-
2
_
Accounts payable
3,047
(98,005)
8,230
70,163
(16,565)
(1,672)
Deferred revenues
-
-
-
-
-
60,000
Accrual for landfill closure
and postclosure costs
(260,731)
-
-
-
(260,731)
215,708
Due to the City of Kodiak
-
-
(38,583)
-
(38,583)
38,583
Other accrued liabilities
(871)
-
-
5,555
4,684
1,967
Total adjustments
56,677
1,106,467
(55,241)
171,568
1,279,471
(314,467)
Net cash provided by (used in)
operating activities
443,550
1,845,213
(10,669)
795,748
3,073,842
(459,793)
CASH FLOWS FROM NON - CAPITAL
AND RELATED FINANCING
ACTIVITIES:
Operating transfers out to other funds (418,869) - - - (418,869) (420,000)
Operating transfers in from Hospital - - - -
Component unit -
1,300,000
Operating transfers in from other funds - - - 786,000 786,000 -
Net cash provided by (used in)
non - capital and related financing
activities (418,869) - - 786,000 367,131 880,000
C�
f
(continued)
97
KODIAK ISLAND BOROUGH
EXHIBIT E -3, continued
ENTERPRISE FUNDS
COMBINING STATEMENT OF CASH FLOWS
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
Municipal
Kodiak
Solid Waste
Fisheries
Collection an
Hospital
911 Research
Totals
Disposal
Facilities
Services Center
1999
1998
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:
Acquisition and construction
of capital assets
$ (3,862)
$ (265,343)
$ - $ (40,599)
$ (309,804)
$(9,545,335)
Interest paid on notes payable,
capital leases and interfund borrowing
-
(313,231)
- (560,000)
(873,231)
(395,151)
Proceeds from issuance of long -term
interfund borrowing
-
-
- -
-
8,000,000
Proceeds from issuance of note payable
418,869
-
- -
418,869
-
Principal payments on notes payable
-
(525,666)
- -
(525,666)
(489,746)
Principal payments on capital
lease obligations
-
(367,726)
- -
(367,726)
(352,273)
Contributed capital received
from private trusts
-
-
- -
-
210,800
Net cash provided by (used in)
capital and related
financing activities
415,007
(1,471,966)
- (600,599)
(1,657,558)
(2,571,705)
CASH FLOWS FROM INVESTING ACTIVITIES:
Changes in restricted assets:
Deductions from (additions to)
restricted cash
-
(9,810)
- -
(9,810)
1,434,419
Deductions from restricted investments
-
139,520
- -
139,520
11,248
Interest and dividends on
investments
1,296
18,948
- 842
21,086
244,265
Purchases of investments
(451,170)
(555,717)
- (981,991)
(1,988,878)
-
Maturities of investments
-
-
- -
-
387,057
Net cash provided by (used in)
investing activities
(449,874)
(407,059)
- (981,149)
(1,838,082)
2,076,989
Net change in cash and
cash equivalents
(10,186)
(33,812)
(10,669) -
(54,667)
(74,509)
CASH AND CASH EQUIVALENTS,
at beginning of year
10,286
33,812
10,669 -
54,767
129,276
CASH AND CASH EQUIVALENTS,
at end of year
$ 100
$ -
$ - $ -
$ 100
$ 54,767
NONCASH CAPITAL AND RELATED FINANCING ACTIVITES:
Contributions in aid of construction
received
$653,323
$17,956,116
$ - $11,920,540
$30,529,979
$ -
Residual equity transfers
-
18,790
- 215,486
234,276
-
Contributions in aid of construction
received from private sources
-
-
- -
-
849,415
$653,323
$17,974,906
$ - $12,136,026
$30,764,255
$ 849,415
98
1
I KODIAK ISLAND BOROUGH
EXHIBIT E -4
LIABILITIES AND FUND EOUITY
CURRENT LIABILITIES:
Accounts payable
Accrued expenses
Total current liabilities
NONCURRENT LIABILITIES:
Landfill closure and postclosure costs
Note payable
163,442
MUNICIPAL SOLID WASTE COLLECTION AND DISPOSAL FUND
BALANCE SHEETS
JUNE 30, 1999 AND 1998
19,584
20,455
183,026
180,850
1999
1998
2,283,920
ASSETS
(1,426,999)
(1,450,639)
856,921
CURRENT ASSETS:
Net contributions in aid of construction
Equity in central treasury $
100
$ 10,286
Temporary investments
451,170
-
Customer receivables
243,209
225,259
Due from other funds
61,019
290,000
Total current assets
755,498
525,545
FIXED ASSETS:
Unclassified utility plant in service
2,205,383
2,205,383
Equipment
840,492
837,052
Work -in- process
653,323
-
Less accumulated depreciation
(1,056,480)
(952,701)
Net fixed assets
2,642,718
2 089 734
TOTAL $
3,398,216
$ 2,615,279
LIABILITIES AND FUND EOUITY
CURRENT LIABILITIES:
Accounts payable
Accrued expenses
Total current liabilities
NONCURRENT LIABILITIES:
Landfill closure and postclosure costs
Note payable
163,442
$ 160,395
19,584
20,455
183,026
180,850
1,939,400 2,200,131
418,869 -
2,358,269 2,200,131
2,541,295 2,380,981
3,136,796
Total noncurrent liabilities
19,990
FUND EQUITY:
3,156,786
Contributions in aid of construction:
(872,866)
State of Alaska
2,283,920
Other
(1,426,999)
(1,450,639)
856,921
Accumulated amortization
Net contributions in aid of construction
Accumulated deficits, unreserved
Total fund equity
TOTAL
1,939,400 2,200,131
418,869 -
2,358,269 2,200,131
2,541,295 2,380,981
3,136,796
2,483,473
19,990
19,990
3,156,786
2,503,463
(872,866)
(818,526)
2,283,920
1,684,937
(1,426,999)
(1,450,639)
856,921
234,298
$ 3,398,216 $ 2,615,279
1 99
L
KODIAK ISLAND BOROUGH
MUNICIPAL SOLID WASTE COLLECTION AND DISPOSAL FUND
STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN ACCUMULATED DEFICITS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
_
EXHIBIT E-5
r
1999
Variance -
favorable
1998
Budget
Actual
(unfavorable)
Actual
OPERATING REVENUES:
Solid waste collection
$ 1,575,000
$ 1,638,078
$ 63,078
$ 1,539,677
Solid waste disposal
814,000
855,554
41,554
870,753
Other
9,000
7,740
(1,260)
9,777
2,398,000
2,501,372
103,372
2,420,207
OPERATING EXPENSES:
Personnel services
387,680
379,496
8,184
349,450
Solid waste collection
1,178,000
1,131,856
46,144
1,163,688
Refuse disposal
-
139,565
(139,565)
-
Contracted services
355,000
307,634
47,366
288,120
Repairs and maintenance
46,500
42,891
3,609
33,415
Landfill closure and postclosure costs
235,000
(260,731)
495,731
227,512
Depreciation
110,000
104,201
5,799
113,936
General and administration
172,840
181,953
(9,113)
176,233
Contributions
25,000
23,524
1,476
50,536
Recycling services
70,000
64,110
5,890
68,009
2,580,020
2,114,499
465,521
2,470,899
Operating income (loss)
(182,020)
386,873
(568,893)
50,692
OTHER INCOME:
Interest income
-
1,296
1,296
257
'
Income (loss) before operating transfers
(182,020)
388,169
(567,597)
(50,435)
OTHER FINANCING SOURCES (USES):
Operating transfers out to other funds:
Capital projects - state capital grants
-
(418,869)
418,869
-
Net other financing sources (uses)
-
(418,869)
418,869
-
Net loss
$ (182,020)
(30,700)
$ (148,728)
(50,435)
Amortization of contributions in
aid of construction
54,340
74,239
Increase in retained earnings
23,640
23,804
Accumulated deficits, at beginning of year
(1,450,639)
(1,474,443)
Accumulated deficits, at end of year
$ (1,426,999)
$ (1,450,639)
100 1
KODIAK ISLAND BOROUGH
MUNICIPAL SOLID WASTE COLLECTION AND DISPOSAL FUND
STATEMENTS OF CASH FLOWS
YEARS ENDED JUNE 30, 1999 AND 1998
EXHMIT E-6
1999 1998
OPERATING INCOME (LOSS) $ 386,873 $ (50,692)
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
Accrual for landfill closure and postclosure costs
Other accrued liabilities
Total adjustments
Net cash provided by operating activities
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
Operating transfers out to other funds
Net cash used in noncapital
financing activities
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:
Acquisition and construction of capital assets
Proceeds from issuance of note payable
Net cash provided by (used in) capital
and related financing activities
104,201 113,936
(17,950)
27,305
228,981
(290,000)
-
(5,000)
3,047
942
(260,731)
215,708
(871)
1,967
56,677
64,858
443,550
14,166
(418,869) -
(418,869) -
(3,862)
418,869
(7,255)
415,007
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of investments (451,170)
Interest and dividends paid on investments 1,296
Net cash provided by (used in) investing activities (449,874)
Net change in cash and cash equivalents (10,186)
CASH AND CASH EQUIVALENTS, at beginning of year 10,286
CASH AND CASH EQUIVALENTS, at end of year $ 100
NONCASH CAPITAL AND RELATED FINANCING ACTIVITES:
Contribution in aid of construction - State of Alaska $ 653,323
(7,255)
257
257
7,168
3,118
$ 10,286
101
KODIAK ISLAND BOROUGH EXHIBIT E -7
HOSPITAL FACILITIES FUND
BALANCE SHEETS
JUNE 30, 1999 AND 1998
ASSETS 1999 1998
CURRENT ASSETS:
Equity in central treasury $ - $ 33,812
Temporary investments 645,588 89,871
Due from other funds 18,790 500,000
Inventories 277,005 277,007
Total current assets 941,383 900,690
RESTRICTED ASSETS:
Cash with fiscal agent
Temporary investments
Total restricted assets
FIXED ASSETS:
Buildings
Machinery and equipment
Land and improvements
Work -in- process
Less accumulated depreciation
Net fixed assets
TOTAL
LIABILITIES AND FUND EOUITY
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
Long -term debt
Capital lease obligations
Total noncurrent liabilities
FUND EQUITY:
Contributions in aid of construction
Other
Contributed capital
Retained earnings (accumulated deficit), unreserved
Total fund equity
TOTAL
218,013 208,203
- 139,520
218,013 347,723
22,289,005
4,583,308
5,410,563
5,340,360
409,069
32,266
3,910,612
3,906,168
(6,085,449)
(5,622,984)
25,933,800
8,239,118
$ 27,093,196 $ 9,487,531
$ -
$ 98,005
178,176
-
60,000
60,000
556,625
523,349
376,984
230,973
1,171,785
912,327
1,891,361
2,450,303
640,783
1,154,520
2,532,144
3,604,823
3,703,929
4,517,150
17,956,116 -
5,166,717 5,147,927
266,434 (177,546)
23,389,267 4,970,381
$ 27,093,196 $ 9,487,531
L
1
F j
1
C
1
1
1
1
t
102 1
KODIAK ISLAND BOROUGH
HOSPITAL FACILITIES FUND
STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN RETAINED EARNINGS (ACCUMULATED DEFICITS)
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
EXHIBIT E -8
1999
Variance
favorable 1998
Budget Actual (unfavorable) Actual
OPERATING EXPENSES:
Depreciation
General and administration
Medicaid refund
Operating income
OTHER INCOME (EXPENSES):
Interest income
Interest expense
Loss on disposal of fixed assets
Income (loss) before
operating transfers
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds:
Capital projects - hospital
Net other financing sources (uses)
Net income $ -
Accumulated deficits, at beginning of year
Retained earnings (accumulated deficits), at end of year
$ 67,330
OPERATING REVENUES:
State sources - revenue sharing
$ (3)
Lease proceeds
720,000
Donations
-
PKIMC gain
215,000
Other income
OPERATING EXPENSES:
Depreciation
General and administration
Medicaid refund
Operating income
OTHER INCOME (EXPENSES):
Interest income
Interest expense
Loss on disposal of fixed assets
Income (loss) before
operating transfers
OTHER FINANCING SOURCES (USES):
Operating transfers in from other funds:
Capital projects - hospital
Net other financing sources (uses)
Net income $ -
Accumulated deficits, at beginning of year
Retained earnings (accumulated deficits), at end of year
$ 67,330
$ 67,327
$ (3)
$ 70,751
720,000
720,000
-
720,000
215,000
91,900
(123,100)
-
420,610
420,613
3
-
-
-
-
16,965
1,422,940
1,299,840
(123,100)
807,716
632,860
545,084
87,776
583,975
420,610
13,810
406,800
20,729
95,330
2,200
93,130
163,140
1,148,800
561,094
587,706
767,844
274,140
738,746
464,606
39,872
34,680
18,948
(15,732)
70,149
(308,820)
(313,231)
(4,411)
(395,151)
-
(483)
(483)
(10,940)
-
443,980
443,980
(296,070)
103
1,300,000
- 1,300,000
443,980 $ 443,980 1,003,930
( 177,546) (1,181,476)
$ 266,434 $ (177,546)
ri
KODIAK ISLAND BOROUGH
EXHIBIT E -9
F1
HOSPITAL FACILITIES FUND
STATEMENTS OF CASH FLOWS
YEARS ENDED JUNE 30, 1999 AND 1998
1999 1998
OPERATING INCOME $ 738,746 $ 39,872
ADJUSTMENTS TO RECONCILE OPERATING INCOME TO NET CASH
PROVIDED BY (USED IN) OPERATING ACTIVITIES:
'
Depreciation
545,084
583,975
Loss on disposal of fixed assets
-
10,940
Changes in assets and liabilities:
Due from other funds
481,210
160,000
Inventories
2
-
Accounts payable
(98,005)
(2,614)
Due to other funds
178,176
(1,500,000)
Deferred revenues
-
60,000
Total adjustments
1,106,467
(687,699)
Net cash provided by (used in) operating activities
1,845,213
(647,827)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
Operating transfers -in from hospital component unit
-
1,300,000
Net cash provided by
noncapital financing activities
-
1,300,000
'
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES:
Acquisition and construction of capital assets
(265,343)
(1,538,080)
Interest paid on note payable and capital leases
(313,231)
(395,151)
Principal payments on note payable
(525,666)
(489,746)
Principal payments on capital lease obligations
(367,726)
(352,273)
Contributed capital received from private trusts
-
210,800
Net cash used in capital
and related financing activities
(1,471,966)
(2,564,450)
CASH FLOWS FROM INVESTING ACTIVITIES:
Interest and dividends paid on investments
Maturities (purchases) of investments
18,948
(555,717)
70,149
387,057
Deductions from (additions to) restricted cash
(9,810)
1,434,419
Deductions from restricted investments
Net by in) investing
139,520
11,248
cash provided (used activities
(407,059)
1,902,873
Net change in cash and cash equivalents
(33,812)
(9,404)
CASH AND CASH EQUIVALENTS, at beginning of year
33,812
43,216
CASH AND CASH EQUIVALENTS, at end of year
$ -
$ 33,812
NONCASH CAPITAL AND RELATED FINANCING ACTIVITES
Contributions in aid of construction received
$ 17,956,116
$ -
Residual equity transfers
18,790
-
Contributed capital received from private trust
-
849,415
$ 17,974,906
$ 849,415
104
KODIAK ISLAND BOROUGH EXIiIBIT E -10
911 SERVICES FUND
BALANCE SHEETS
JUNE 30, 1999 AND 1998
ASSETS 1999 1998
ASSETS:
Equity in central treasury $ - $ 10,669
Due from other funds 11,888 -
TOTAL $ 11,888 $ 10,669
LIABILITIES AND FUND EQUITY (DEFICIENCY IN ASSETS)
LIABILITIES:
Due to City of Kodiak $ - $ 38,583
Accounts payable 8,230 -
Due to other funds - 13,000
Total liabilities 8,230 51,583
FUND EQUITY (DEFICIENCY IN ASSETS):
Retained earnings (accumulated deficit), unreserved 3,658 (40,914)
TOTAL $ 11,888 $ 10,669
105
KODIAK ISLAND BOROUGH EXHIBIT E -11
911 SERVICES FUND
STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN RETAINED EARNINGS (ACCUMULATED DEFICITS)
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999
Variance -
favorable 1998
Budget Actual (unfavorable) Actual
OPERATING REVENUES:
Customer charges $ 67,800 $ 75,951 $ 8,151 $ 51,270
67,800 75,951 8,151 51,270
OPERATING EXPENSES:
Telephone services 67,800 31,379 36,421 185,776
67,800 31,379 36,421 185,776
Operating income (loss) $ - 44,572 $ 44,572 (134,506)
Retained earnings (accumulated deficit),
at beginning of year (40,914) 93,592
Retained earnings (accumulated deficit),
at end of year $ 3,658 $ (40,914)
106
KODIAK ISLAND BOROUGH EXHIBIT E -12
911 SERVICES FUND
STATEMENTS OF CASH FLOWS
YEARS ENDED JUNE 30, 1999 AND 1998
1999 1998
OPERATING INCOME (LOSS)
$ 44,572
$ (134,506)
ADJUSTMENTS TO RECONCILE OPERATING
INCOME (LOSS) TO NET CASH
USED IN OPERATING ACTIVITIES:
Changes in assets and liabilities:
Customer receivables
-
10,650
Due from other funds
(11,888)
Due to City of Kodiak
(38,583)
38,583
Accounts payable
8,230
-
Due to other funds
(13,000)
13,000
Total adjustments
(55,241)
62,233
Net cash used in operating activities
(10,669)
(72,273)
Net change in cash and cash equivalents
(10,669)
(72,273)
CASH AND CASH EQUIVALENTS, at beginning of year
10,669
82,942
CASH AND CASH EQUIVALENTS, at end of year
$ -
$ 10,669
107
KODIAK ISLAND BOROUGH EXIIIBIT E -13
KODIAK FISHERIES RESEARCH CENTER FUND
BALANCE SHEETS '
JUNE 30, 1999 AND 1998
1999 1998
ASSETS
CURRENT ASSETS: '
Temporary investments $ 981,991 $ -
Due from other funds 51,546 -
Accrued interest receivable 1,109 -
Total current assets 1,034,646 -
FIXED ASSETS:
Buildings
18,804,754
-
Machinery and equipment
1,156,385
-
Work -in- process
-
8,000,000
,
Less accumulated depreciation
(3,987)
-
Net fixed assets
19,957,152
8,000,000
TOTAL
$ 20,991,798
$ 8,000,000
LIABILITIES AND DEFICIENCY IN ASSETS
CURRENT LIABILITIES:
Accounts payable
$ 70,163
$ -
Accrued expenses
5,555
-
Due to other funds
370,173
246,141
Total current liabilities
445,891
246,141
NONCURRENT LIABILITIES:
Long -term interfund borrowings
7,805,000
8,000,000
Total noncurrent liabilities
7,805,000
8,000,000
'
Total liabilities
8,250,891
8,246,141
FUND EQUITY (DEFICIENCY IN ASSETS):
,
Contributions in aid of construction
State of Alaska
3,000,000
Other
8,920,540
-
Contributed capital
215,486
-
Retained earnings (accumulated deficit), unreserved
604,881
(246,141)
Total fund equity (deficiency in assets)
12,740,907
(246,141)
TOTAL
$ 20,991,798
$ 8,000,000
108 1
F
IJ
KODIAK ISLAND BOROUGH EXHIBIT E -14
' KODIAK FISHERIES RESEARCH CENTER FUND
STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN RETAINED EARNINGS (ACCUMULATED DEFICITS)
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 199 8)
'
1999
Variance -
t Budget
Actual
favorable
(unfavorable)
1998
Actual
OPERATING REVENUES:
Rents and royalties
$ 1,106,500
$ 995,891
$ (110,609)
$ =
1,106,500
995,891
(110,609)
OPERATING EXPENSES:
'
Personnel services
14,500
81,829
(67,329)
-
Employee benefits
100
23,931
(23,831)
-
Support goods & services
1,219,930
83,633
1,136,297
Depreciation
162,750
3,987
158,763
=
Cleaning & janitorial
48,800
21,586
27,214
-
Heating
53,450
31,454
21,996
-
Electrical
271,700
118,145
153,555
-
Plumbing
Air conditioning
13,950
19,000
6,330
-
7,620
19,000
-
-
Elevators
1,600
-
1,600
-
Miscellaneous
88,720
816
87,904
-
1,894,500
371,711
1,522,789
-
Operating income (loss)
(788,000)
624,180
1,412,180
-
OTHER INCOME (EXPENSES):
Interest expense
(560,000)
(560,000)
-
-
Interest income
48,000
842
(47,158)
173,859
Income (loss) before
1
operating transfers
(1,300,000)
65,022
1,365,022
173,859
OTHER FINANCING USES:
Operating transfers in from other funds
1,300,000
786,000
(514,000)
-
Operating transfers out to other funds
(420,000)
Net other financing sources (uses)
1,300,000
786,000
(514,000)
(420,000)
Net income (loss)
$
851,022
$ 851,022
(246,141)
Retained earnings (accumulated deficit) at beginning of year
(246,141)
-
Retained earnings (accumulated deficit) at end of year
$ 604,881
$ (246,141)
109
J
KODIAK ISLAND BOROUGH
KODIAK FISHERIES RESEARCH CENTER FUND
STATEMENT OF CASH FLOWS
YEAR ENDED JUNE 30, 1999
EX)FIIBIT E - 15
'
1999
1998
OPERATING INCOME
$ 624,180
$ -
ADJUSTMENTS TO RECONCILE OPERATING INCOME (LOSS)
TO NET CASH PROVIDED BY OPERATING ACTIVITIES:
Depreciation
3,987
_
Net assets received from residual equity transfer
1,486
-
Changes in assets and liabilities:
Due from other funds
(51,546)
-
Accrued interest receivable
(1,109)
-
Accounts payable
70,163
-
Accrued expenses
5,555
-
Due to other funds
143,032
246,141
Total adjustments
171,568
246,141
i
Net cash provided by operating activities
795,748
246,141
CASH FLOWS FROM NONCAPITAL AND RELATED
FINANCING ACTIVITIES:
f
Operating transfers in from other funds
786,000
Operating transfers out to other funds
-
(420,000)
Net cash provided by (used in) noncapital
financing activities
786,000
(420,000)
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES:
Acquisition and construction of capital assets
(40,599)
(8,000,000)
Interest paid on long -term interfund borrowing
Proceeds from issuance of long -term interf ind borrowing
(560,000)
-
-
8,000,000
,
Net cash used in capital and related
financing activities
(600,599)
-
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of investments
(981,991)
Interest received
842
173,859
Net cash provided by (used in) investing activites
(981,149)
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
$ -
$ -
,
NONCASH CAPITAL AND RELATED FINANCING ACTIVITES:
Contributions in aid of construction
$ 11,920,540
$ -
Residual equity transfers
215,486
-
$ 12,136,026
$ L.
110
� f
INTERNAL SERVICE FUNDS
Internal Service Funds are used to account for the funding
of goods or services provided between departments of the govern-
mental unit or to other governments or non - profit agencies on a
cost - reimbursement basis.
INTERNAL SERVICE FUND
The Management Information Services Fund accounts for the data processing services
provided to the Kodiak Island Borough and the Kodiak Island Borough School District.
KODIAK ISLAND BOROUGH
MANAGEMENT INFORMATION SYSTEMS FUND
BALANCE SHEETS
JUNE 30, 1999 AND 1998
1999 1998
ASSETS
CURRENT ASSETS:
Equity in central treasury
Account receivables, net
Due from other funds
Prepaid expenses
Total current assets
FIXED ASSETS:
Machinery and equipment
Less accumulated depreciation
Net fixed assets
TOTAL
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES:
Accounts payable
Accrued liabilities
Total current liabilities
FUND EQUITY:
Contribution in aid of construction
Accumulated deficits
Total fund equity
TOTAL
$ - $ 87,242
471 -
113,435 -
8,424 16,848
122,330 104,090
618,876 980,897
(303,274) (593,605)
315,602 387,292
$ 437,932 $ 491,382
$ 8,260
39,888
48,148
EXHIBIT F -1
$ 9,965
38,812
48,777
617,382 617,382
(227,598) (174,777)
389,784 442,605
$ 437,932 $ 491,382
111
KODIAK ISLAND BOROUGH '
EXIIIBIT F -2
MANAGEMENT INFORMATION SYSTEM FUND ,
STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN ACCUMULATED DEFICITS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1999 (with comparative totals for 1998)
1999 '
OPERATING REVENUES:
Charges for services:
General Fund
General Fund (KIBSD support)
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
Employee benefits
Contracted services
Support goods and services
Depreciation
General and administration
Net loss
ACCUMULATED DEFICITS, at beginning of year (174,777)
ACCUMULATED DEFICITS, at end of year $ (227,598)
Variance-
favorable 1998
Budget Actual (unfavorable) Actual
$ 306,710
$ 302,920
$ (3,790)
$ 242,762
260,730
264,520
3,790
315,530
-
-
-
34,951
5,170
5,170
-
2,670
7,990
7,990
-
4,904
10,590
10,590
-
5,700
-
16,667
16,667
33,333
30,170
24,524
(5,646)
22,693
621,360
632,381
11,021
662,543
334,770
311,901
22,869
323,901
98,480
90,613
7,867
108,716
-
5,700
(5,700)
69
181,430
156,508
24,922
192,400
89,160
106,464
(17,304)
88,792
-
14,016
(14,016)
-
703,840
685,202
18,638
713,878
$ (82,480)
(52,821)
$ 29,659
(51,335)
I '
El
fl
(123,442)
$ (174,777)
t
112
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
KODIAK ISLAND BOROUGH EXEnff F -3
MANAGEMENT INFORMATION SYSTEMS FUND
STATEMENTS OF CASH FLOWS
YEARS ENDED JUNE 30, 1999 AND 1998
1999 1998
OPERATING LOSS
ADJUSTMENTS TO RECONCILE OPERATING LOSS TO NET
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:
Depreciation
Loss on disposal of machinery and equipment
Changes in assets and liabilities:
Accounts receivables, net
Due from other funds
Prepaid expenses
Accounts payable
Accrued liabilities
Total adjustments
Net cash provided by (used in) 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
113
$ (52,821) $ (51,335)
106,464 88,859
24,036 -
(471)
17,725
(113,435)
-
8,424
8,424
(1,705)
8,679
1,076
2,352
24,389
126,039
(28,432)
74,704
(58,810) (68,568)
(87,242) 6,136
87,242 81,106
- $ 87,242
1
t
n
1
GENERAL FIXED ASSETS ACCOUNT GROUP
The General Fixed Assets Account Group is a self - balancing
account group which is used to account for the fixed assets of the
Borough other than those recorded in the Enterprise Funds.
KODIAK ISLAND BOROUGH
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULES OF FIXED ASSETS BY SOURCE
JUNE 30, 1999 and 1998
EXHIBIT G -1
GENERAL FIXED ASSETS:
Land
Buildings
Improvements other than buildings
Machinery and equipment
Construction work -in- progress
TOTAL
INVESTMENT IN GENERAL FIXED ASSETS:
Capital Projects Funds:
General obligation bonds
Federal grants
State grants
General Fund revenues
Special Revenue Fund revenues
Contributions from State of Alaska
Contributions from Federal Government
Contributions from others
TOTAL
1999 1998
$ 5,397,391 $ 5,397,389
88,432,326 88,418,025
890,721 858,460
1,509,219 1,503,883
4,791,258 28,345,940
$ 101,020,915 $ 124,523,697
$ 57,755,638 $
75,762,883
4,316,206
4,316,206
19,327,397
16,288,159
9,406,793
8,552,684
1,116,824
4,256,203
3,786,861
10,036,366
1,259,300
1,259,300
4,051,896
4,051,896
$ 101,020,915 $ 124,523,697
115
1I
KODIAK ISLAND BOROUGH
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
AS OF JUNE 30, 1999
EDIT G -2 I
Improvements Machinery
other than and
Total Land Buildings buildings e quipment
Staff agencies:
Borough mayor
Borough clerk
Finance department
Assessing department
Community development department
Borough engineering and
facilities department
Land sales
General administration
Mental health center
Child care assistance program
Coastal management
Total staff agencies
Public safety:
Emergency preparedness
Fire Protection Area No. 1
Womens Bay Service Area
Woodland Acres Street Light
Service Area
Kodiak Transit Authority
Total public safety
Schools
Teacher housing
General government buildings
Building sites
Playgrounds
Other
Undeveloped land
Construction work -in- progress
Total general fixed assets
$ 23,189 $ - $ - $ - $ 23,189
44,183 - - - 44,183
121,612 - - - 121,612
62,665 - - - 62,665
102,344 - - - 102,344
1
81,251
-
-
-
81,251
19,166
-
-
4,012
15,154
'
116,937
-
-
-
116,937
158,674
2,265
-
-
-
-
-
-
158
2,265
'
3,685
-
-
-
3,685
735,971
-
-
4,012
731,959
227,598
-
100,000
-
127
1,142,196
241,137
614,520
-
286,539
,
644,936
-
425,655
-
219,281
3,014
-
-
3,014
-
99,555
-
26,460
-
73,095
2,117,299
241,137
1,166,635
3,014
706,513
,
81,245,393
-
81,240,673
4,720
-
231,560
-
231,560
-
-
4,867,291
-
4,793
33
40,747
404,403
404,403
-
-
-
713,989
-
-
713,989
-
,
1,161,900
-
1,000,000
131,900
30,000
88,624,536
404,403
87,265,691
883,695
70,747
'
4,751,851
4,751,851
-
-
-
96,229,657
5,397,391
88,432,326
890,721
1,509,219
'
4,791,258
-
4,359,477
-
431,781
$101,020,915 $ 5,397,391 $ 92,791,803 $ 890,721 $ 1,941,000 '
116 1
1
KODIAK ISLAND BOROUGH
EXHIBIT G -3
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
FOR THE YEAR ENDED JUNE 30, 1999
General fixed
General fixed
assets at
assets at
'
July 1, 1998
Additions
Deletions
June 30, 1999
Staff agencies:
' Borough mayor
$ 23,189
$ -
$ -
$ 23,189
Borough clerk
39,848
4,335
44,183
Finance department
116,328
5,284
-
121,612
Assessing department
61,341
1,324
-
62,665
Community development department
101,147
1,197
-
102,344
Borough engineering and
' facilities department
82,075
676
1,500
81,251
Land sales
15,154
4,012
-
19,166
General administration
Mental Health Center
127,715
173,825
975
11,753
15,151
116,937
158,674
Child Care Assistance Program
2,265
-
-
2,265
' Coastal management
l i
1,629
2,056
-
3,685
Total staff agencies
744,516
19,859
28,404
735,971
Public safety:
'
Emergency preparedness
229,321
-
1,723
227,598
Fire Protection Area No. 1
1,138,059
4,137
-
1,142,196
' Womens Bay Fire District
639,415
5,521
-
644,936
Woodland Acres Street Light
Service Area
3,014
-
-
3,014
Kodiak Transit Authority
73,095
26,460
-
99,555
Total public safety
2,082,904
36,118
1,723
2,117,299
'
Schools
81,240,673
4,720
-
81,245,393
Teacher housing
231,560
-
-
231,560
' General government buildings
4,849,712
17,579
-
4,867,291
Building sites
404,402
1
404,403
Playgrounds
710,239
3,750
-
713,989
' Other
1,161,900
-
-
1,161,900
88,598,486
26,050
-
88,624,536
Undeveloped land
4,751,851
-
-
4,751,851
96,177,757
82,027
30,127
96,229,657
Construction work -in- progress
28,345,940
6,393,401
29,948,083
4,791,258
Total general fixed assets
$124,523,697
$ 6,475,428
$ 29,978,210
$101,020,915
'
117
LJ
1
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.
KODIAK ISLAND BOROUGH
EXMIT H -1
J
GENERAL LONG -TERM DEBT ACCOUNT GROUP
SCHEDULES OF LONG -TERM DEBT
JUNE 30, 1999 AND 1998
AMOUNT AVAILABLE AND TO BE PROVIDED FOR
THE PAYMENT OF GENERAL LONG -TERM DEBT:
Amount available in Debt Service Fund:
General obligation bonds
Accrued annual leave
Amount to be provided:
General obligation bonds
Environmental Protection Agency loan
Alaska Dept. of Environmental Conservation loans
TOTAL
OTHER LONG -TERM DEBT:
Environmental protection agency loan
Alaska Dept. of Environmental Conservation loans
Accrued annual leave
TOTAL
1999 1998
$ 340,159
GENERAL OBLIGATION BONDS:
122,141
1989 refunding
1,030,000
1993 bonds
'
1994 bonds
18,910,000
1998 refunding
OTHER LONG -TERM DEBT:
Environmental protection agency loan
Alaska Dept. of Environmental Conservation loans
Accrued annual leave
TOTAL
1999 1998
$ 340,159
$ 432,942
122,141
161,721
1,030,000
462,300
594,663
-
18,910,000
18,569,841
19,585,549
114,583
135,415
104,947
99,698
18,7 89,3 71
19, 820,662
$ 19,251,671 $ 20,415,325
$ 2,235,000
$ 3,250,000
6,055,000
6,785,000
1,030,000
9,985,000
9,590,000
-
18,910,000
20,020,000
114,583
135,415
104,947
99,698
122,141
160,212
341,671 395,325
$ 19,251,671 $ 20,415,325
119
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 EXHIBrr I -1
KODIAK, ALASKA
SUMMARY OF BONDED DEBT SERVICE REQUIREMENTS TO MATURITY
AS OF JUNE 30, 1999
Annual principal and interest requirements on General Obligation Refunding and Construction Bonds.
Year Principal Interest Total
2000
$ 1,885,000
$ 855,915
$ 2,740,915
2001
1,995,000
745,493
2,740,493
2002
875,000
670,013
1,545,013
2003
910,000
632,251
1,542,251
2004
955,000
592,535
1,547,535
2005
995,000
549,385
1,544,385
2006
1,040,000
502,535
1,542,535
2007
1,090,000
424,305
1,514,305
2008
1,150,000
394,095
1,544,095
2009
1,200,000
344,645
1,544,645
2010
1,250,000
293,045
1,543,045
2011
1,305,000
239,295
1,544,295
2012
1,360,000
183,180
1,543,180
2013
1,420,000
124,700
1,544,700
2014
1,480,000
65,640
1,545,640
$18,910,000
$6,617,032
$25,527,032
121
KODIAK ISLAND BOROUGH EXHIBIT I -2
KODIAK, ALASKA
GENERAL OBLIGATION SCHOOL REFUNDING BONDS, SERIES 1989
RETIREMENT SCHEDULE
1989 Bond Issue
This issue, dated May 1, 1989, consists of 2,000 bonds in the amount of $5,000 each, totaling
$10,000,000. Bonds numbered 1 through 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.
122
Bond
Principal
Interest
Interest
Fiscal Interest
numbers
due
due
due
year rate
inclusive
August 1
August 1
February 1
Total
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
-
1,195,425
$2,235,000
$ 118,380
$ 40,425
$2,393,805
* Maturities on and after August 1, 1997 are callable at any
interest date thereafter.
122
KODIAK ISLAND BOROUGH EX111BIT I -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.
123
Interest
Principal
Interest
Fiscal
Interest
due
due
due
year
rate
August 15
February 15
February 15
Total
2000
4.05%
$ 135,654
$ 760,000
$ 135,654
$ 1,031,308
2001
4.2%
120,264
790,000
120,264
1,030,528
2002
4.35%
103,674
825,000
103,674
1,032,348
2003
4.4%
85,730
860,000
85,730
1,031,460
2004
4.55%
66,810
900,000
66,810
1,033,620
2005
4.75%
46,335
940,000
46,335
1,032,670
2006
4.9%
24,010
980,000
24,010
1,028,020
$ 582,477
$ 6,055,000
$ 582,477
$ 7,219,954
123
KODIAK ISLAND BOROUGH EXIMIT I4
KODIAK, ALASKA
GENERAL OBLIGATION BONDS, 1994 SERIES A
RETIREMENT SCHEDULE
1994 Bond Issue
This issue, dated November 15, 1993, was issued as registered bonds under a book entry
system registered in the name of Cede & Company, as Nominee of The Depository Trust
Company, New York, New York, the securities depository for the 1994 Bonds.
This issue was marketed by John Nuveen & Co. Legal opinion was rendered by bond
council, Wohlforth, Argetsinger, Johnson & Brecht of Anchorage, Alaska.
These bonds were issued to build the Northstar Elementary School, remodel the Ouzinkie
School, and remodel and expand the Kodiak Island Hospital.
124
Interest
Principal
Interest
Fiscal Interest
due
due
due
year rate
August 15
February 15
February 15
Total
2000
$ 27,810
$ -
$ 27,810
$ 55,620
2001
27,810
-
27,810
55,620
2002
27,810
-
27,810
55,620
2003
27,810
-
27,810
55,620
2004
27,810
-
27,810
55,620
2005
27,810
-
27,810
55,620
2006
27,810
-
27,810
55,620
2007 5.4%
-
1,030,000
27,810
1,057,810
$ 194,670
$ 1,030,000
$ 222,480
$ 1,447,150
124
LJ
1
I KODIAK ISLAND BOROUGH
EXHIBIT I -5
KODIAK, ALASKA
GENERAL OBLIGATION REFUNDING BONDS, 1998 SERIES A
RETIREMENT SCHEDULE
1998 Bond Issue
This issue, dated December 7, 1998, was issued under a book entry system
registered in the name of Cede & Company, as Nominee of The Depository Trust
Company, New York, New York, the securities depository for the 1998 Bonds. The
financial advisor for this issue was Kaplan Financial Consulting, Inc. Legal opinion
was rendered by bond council, Birch, Horton, Bittner, and Cherot. The paying agent
for this issue was Alaska USA Trust Company. These bonds were issued to refund
all but $1,030,000 of the 1994 bond issue. This resulted in a total interest savings of
$504,859.
125
Interest
Principal
Interest
Fiscal
Interest
due
due
due
year
rate
August 15
February 15
February 15
Total
2000
3.75%
$ 205,304
$ 45,000
$ 205,304
$ 455,608
2001
3.75%
204,460
50,000
204,460
458,920
2002
3.75%
203,523
50,000
203,523
457,046
2003
3.75%
202,585
50,000
202,585
455,170
2004
4.00%
201,648
55,000
201,648
458,296
2005
4.00%
200,548
55,000
200,548
456,096
2006
4.00%
199,448
60,000
199,448
458,896
2007
4.00%
198,248
60,000
198,248
456,496
2008
4.30%
197,048
1,150,000
197,048
1,544,096
2009
4.30%
172,323
1,200,000
172,323
1,544,646
2010
4.30%
146,523
1,250,000
146,523
1,543,046
2011
4.30%
119,648
1,305,000
119,648
1,544,296
2012
4.30%
91,590
1,360,000
91,590
1,543,180
2013
4.30%
62,350
1,420,000
62,350
1,544,700
2014
4.30%
32,820
1,480,000
32,820
1,545,640
$2,438,066
$9,590,000
$2,438,066
$14,466,132
125
KODIAK ISLAND BOROUGH EXHIBIT I -6
KODIAK, ALASKA
ASBESTOS REMOVAL LOAN PAYABLE
RETIREMENT SCHEDULE
This debt was incurred June 20, 1985 as part of a package from the U.S. Environmental
Protection Agency. This package was for $750,000. One -half $(375,000) was a grant
(EPA Grant J 851002 010), and the other half was a loan. The loan is repayable semi-
annually in the amounts indicated below.
Semi -annual payments are made directly to the U.S. Environmental Protection Agency;
Financial Management Center; P.O. Box 371293M, Pittsburgh, PA 15251.
This is not general obligation debt. Legal opinion was rendered by bond counsel, Wolforth,
Argetsinger, Johnson & Brecht of Anchorage, Alaska.
Principal
Principal
Fiscal
Interest
due
due Interest
year
rate*
December 31
June 30 due*
Total
2000
7.00%
$ 10,417 $
10,417 $ - $
20,834
2001
7.00%
10,416
10,416 -
20,832
2002
7.00%
10,417
10,417 -
20,834
2003
7.00%
10,416
10,416 -
20,832
2004
7.00%
10,417
10,417 -
20,834
2005
7.00%
10,417
- -
10,417
$ 62,500 $
52,083 $ - $
114,583
* No interest is payable until a payment due is in default; then interest, penalties and fees become due
126
KODIAK ISLAND BOROUGH TABLE 1
KODIAK, ALASKA
GENERAL GOVERNMENTAL EXPENDITURES
AND OTHER USES BY FUNCTION
LAST TEN FISCAL YEARS
(a) Includes general fund only.
(b) Includes operating transfers for this function
Source: Borough general ledger
127
Other
Fiscal
General
Health and
operating
year
government
s anitation (b)
Education
transfers
Total
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
2,848,474
1,506,992
6,466,321
571,296
11,393,083
1999
2,724,502
1,179,420
7,044,970
9,000
10,957,892
(a) Includes general fund only.
(b) Includes operating transfers for this function
Source: Borough general ledger
127
KODIAK ISLAND BOROUGH TABLE 2
KODIAK, ALASKA
GENERAL REVENUES BY SOURCE (a)
LAST TEN FISCAL YEARS
(a) Includes general fund only.
Source: Borough general ledger
128
Licenses,
Inter -
Fiscal
permits
governmental
Investment
Operating
year
Taxes
and fees
revenue
income
transfers
Total
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
7,589,595
86,138
2,739,075
333,243
-
10,748,051
1999
7,694,387
86,523
2,055,803
238,515
32,632
10,107,860
(a) Includes general fund only.
Source: Borough general ledger
128
1
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
TABLE 3
r
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
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
i
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
'
i
1996
5,466,066
5,249,168
96.0
56,531
5,305,699
97.1
289,210
5.3
1997
5,576,773
5,478,939
98.2
96,490
5,575,429
100.0
192,722
3.5
1998
7,384,490
7,121,678
96.4
77,576
7,199,254
97.5
381,180
5.2
1999
7,704,172
7,575,491
98.3
314,367
7,889,858
102.4
234,738
3.0
' Source: Borough general ledger
er g
1
i
r
r
129
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL Y EARS
Source: Borough assessment and tax records
Last Ten Years Assessed Values
400,000,000
200,000,000
TABLE 4 I
130
1990 1991 1992 1993 1994 1995 1996 1997 aaa
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
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
71.62
1996
538,627,500
560,459,900
101,835,076
318,741,600
640,462,576
879,201,500
72.85
1997
549,456,964
565,281,400
104,677,687
312,465,100
654,134,651
877,746,500
74.52
1998
573,742,998
587,145,000
107,599,894
310,049,900
681,342,892
897,194,900
75.94
1999
577,551,709
599,696,900
109,304,683
297,058,600
686,856,392
896,755,500
76.59
Source: Borough assessment and tax records
Last Ten Years Assessed Values
400,000,000
200,000,000
TABLE 4 I
130
1990 1991 1992 1993 1994 1995 1996 1997 aaa
KODIAK ISLAND BOROUGH
TABLE 5
KODIAK, ALASKA
PROPERTY TAX RATES AND
CONTRIBUTIONS TO THE SCHOOL DISTRICT
(PER $100 OF ASSESSED VALUE)
LAST TEN FISCAL YEARS
PROPERTY TAX RATES
CONTRIBUTIONS TO THE SCHOOL DISTRICT
Fiscal
Assessed
Amount of
Woodland
Year
Value
Contribution
Equivalent
1990
$ 436,800,264
$ 2,715,080
6.22
1991
Acres
2,838,397
5.91
1992
516,304,869
3,620,202
7.01
1993
KIB
City
Street
ROAD SERVICES AREAS
FIRE AREAS
Fiscal
General
of
Lighting
Monashka
Service
Bay View
Womens
Service
Womens
Year
Fund
Kodiak
Area
Bay
District 1
Road
Bay
Area No. I
Bay
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
1999
9.25
2.00
0.00
1.50
0.50
1.00
2.00
1.50
1.25
CONTRIBUTIONS TO THE SCHOOL DISTRICT
Fiscal
Assessed
Amount of
Millage
Year
Value
Contribution
Equivalent
1990
$ 436,800,264
$ 2,715,080
6.22
1991
479,942,347
2,838,397
5.91
1992
516,304,869
3,620,202
7.01
1993
559,359,084
3,864,691
6.91
1994
591,436,473
3,990,847
6.75
1995
614,570,795
3,770,399
6.14
1996
640,462,576
4,574,068
7.14
1997
654,134,651
4,839,887
7.40
1998
681,342,892
5,715,361
8.39
1999
686,856,392
6,492,876
9.45
Source: Borough ordinance and assessment
131
KODIAK ISLAND BOROUGH
TABLE 6
KODIAK, ALASKA
TEN LARGEST PROPERTY TAXPAYERS
YEAR ENDED JUNE 30, 1999
Source: Borough tax records.
132
Percentage
Percentage
of total
1998
Net
of total
assessed
Assessed
taxes
taxes
value
valuation
levied
levied
International Seafoods
2.1%
$ 14,532,437
$ 150,535
2.0%
Western Alaska Fisheries
1.6%
11,306,393
115,143
1.5%
T.U. of the Northland
1.6%
10,922,176
106,053
1.4%
Alaska Pacific Seafoods
1.6%
10,647,201
106,838
1.4%
King Crab /Ocean Beauty
1.5%
10,165,318
105,238
1.4%
Kodiak Fishmeal Co.
1.3%
9,052,176
88,851
1.2%
Sea -Land Services
1.3%
8,760,943
95,549
1.2%
Tysons
1.1%
7,896,431
82,676
1.1%
Safeway/MBPA
1.0%
7,171,400
98,184
1.3%
Leisnoi
1.0%
6,801,735
62,949
0.8%
Totals
14.2%
$ 97,256,210
$ 1,012,016
13.1%
Source: Borough tax records.
132
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
RATIO OF NET GENERAL BONDED DEBT�
' LAST TEN FISCAL YEARS
TABLE 7
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
1990 (b)
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
i
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
1999
13,848 686,856,392
18,910,000
340,159
18,569,841
2.7
1,341
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.
KODIAK ISLAND BOROUGH TABLE 8
KODIAK, ALASKA
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
JUNE 30, 1999
Percentage
Kodiak Island
Net debt applicable to this
Borough
outstanding governmental
share of
(a) unit (b)
debt (c)
Kodiak Island Borough:
General obligation bonds $ 18,569,841 100% $ 18,569,841
City of Kodiak:
Revenue bonds 3,955,000 100% 3,955,000
Total $ 22,524,841 $ 22,524,841
(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.
134
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
COMPUTATION OF LEGAL DEBT MARGIN
JUNE 30, 1999
TABLE 9
Assessed value
Plus exempt property
Total
$ 686,856,392
2,475,199,399
$ 3,162,055,791
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.
135
KODIAK ISLAND BOROUGH TABLE 10
KODIAK, ALASKA
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES
FOR GENERAL BONDED DEBT TO TOTAL
GENERAL EXPENDITURES AND TRANSFERS
LAST TEN FISCAL YEARS
(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
136
Total
Ratio of
general
debt service
Fiscal
Interest
Total debt
expenditures
to general
year
Principal (a)
and fees
service
and transfers
expenditures
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
11,393,083
24.6
1999
1,915,833
853,652
2,769,485
10,957,892
25.3
(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
136
E
s
F�
STATISTICAL SECTION
Statistical Tables provide report users with a better historical
perspective in assessing current financial status and trends of
the Borough.
KODIAK ISLAND BOROUGH TABLE 11
KODIAK, ALASKA
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
Fiscal
School
Unemployment
year
Population (a)
enrollment (b)
rate (c)
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
1999
13,848
2,815
6.8
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.
137
KODIAK ISLAND BOROUGH TABLE 12
KODIAK, ALASKA
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS
CONS TRUCTION
PROPER VALUE*
138
Commercial
Residential
Deposits
Fiscal
No. of
No. of
in local
year
permits
Value
permits
Value
banks
Commercial
Residential
Nontaxable
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
2,420,601,099
1999
51
6,784,879
141
8,222,313
123,206,000
172,709,507
422,160,780
2,475,199,399
*Estimated actual value of real
property.
Source:
Borough assessing records, City
of Kodiak building department and local bankers.
138
KO DIAK ISLAND BOROUGH
KODIAK, ALASKA
MISCELLANEOUS STATISTICAL DATA
LAST TEN FISCAL YEARS
Date of incorporation - September 30, 1963, Second Class Borough by Chapter 146 Sessions, Laws of
Alaska 1961, as amended, Form of Government - Mayor /Assembly.
$ 7,130
21.5
16.7
877
858
108
9,578
2
1
223 1
15
1
3
1
1
9
5.0
9.5
172.4
6.5
75.3
19.1
21.2
8.3
t
317.3
1990
1991
1992
Land area - square miles $
7,130
$ 7,130
$ 7,130
Miles of improved street
21.5
21.5
21.5
Miles of sanitary sewers
16.0
16.0
16.0
Number of water taps
748
748
873
Number of sanitary sewer taps
727
727
851
Building permits:
Permits issued
122
221
211
Value of buildings (thousands)
9,819
9,399
12,950
Fire protection:
Number of fire stations
2
2
2
Number of employees
1
1
1
Police protection - none
Recreation:
Parks - number of acres
223
223
223
Facilities:
Number of playgrounds
15
15
15
Number of swimming pools
1
1
1
Education:
Number of schools:
City of Kodiak Elementary
3
3
3
City of Kodiak Junior High
1
1
I
City of Kodiak High School
1
1
1
Village Schools (a)
8
9
9
Number of personnel: (b)
Administration
6.9
7.0
6.0
Principals
8.3
9.5
9.5
Teachers
157.9
165.5
166.3
Technical
6.3
6.5
6.5
Clerical and Aides
70.7
70.1
64.1
Maintenance/Warehouse
19.9
18.8
19.2
Custodial
23.2
23.4
21.2
Food Service
8.4
8.8
8.4
Total number of personnel
301.6
309.6
301.2
Number of students
2,381
2,486
2,602
Number of municipal employees
70
75
72
Elections:
Number of registered voters
6,352
6,707
6,263
Number voting in last election
2,327
1,959
1,986
Percent of registered voters
37.0%
29.0%
31.8%
(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.
140
$ 7,130
21.5
16.7
877
858
108
9,578
2
1
223 1
15
1
3
1
1
9
5.0
9.5
172.4
6.5
75.3
19.1
21.2
8.3
t
317.3
2,632
'
67
'
6,654
2,328
35.0% 1
'
TABLE 13
'
1994
1995
9
19 96
1 7
99
1998
1999
$ 7,130
$ 7,130
$ 7,130
$ 7,130 $
7,130 $
7,130
21.6
21.6
21.6
24.7
24.7
25.0
16.8
16.8
16.8
- (c)
- (c)
- (c)
913
921
921
- (c)
- (c)
- (c)
891
899
899
- (c)
- (c)
- (c)
191
218
201
148
188
192
4,740
10,360
11,728
7,822
24,780
15,007
2
2
2
2
2
2
t
1
1
1
1
1
1
t 223
223
224
224
224
224
15
1
15
1
16
1
16
1
16
1
16
1
'
3
3
4
4
4
4
1
1
1
1
1
1
1
1
1
1
1
1
9
9
9
9
9
9
5.0
5.0
6.0
6.0
5.2
5.2
9.5
11.0
12.0
11.7
11.4
11.4
'
180.0
185.3
183.8
188.5
179.6
178.1
6.5
6.5
3.0
3.5
9.0
9.0
81.3
73.3
61.7
63.7
72.7
75.2
'
19.1
19.7
12.0
9.0
10.0
8.0
21.7
21.6
22.5
26.3
27.6
30.6
8.3
8.5
3.7
4.2
6.3
6.7
331.4
330.9
304.7
312.9
321.8
324.2
2,802
2,773
2,793
2,809
2,897
2,815
64
65
63
63
50
46
7,061
7,382
8,217
9,350
9,967
10,389
2,634
2,113
1,471
2,120
2,076
1,972
'
i
37.0%
29.0%
17.9%
22.70%
20.8%
19.0%
'
141