2011-10-13 Work Session Kodiak Island Borough
Assembly Work Session
Thursday, October 13, 2011, 7:30 p.m., Borough Conference Room
Work Sessions are informal meetings of the Assembly where Assembly members review the upcoming regular meeting agenda
packet and seek or receive information from staff. Although additional items not listed on the work session agenda are discussed
when introduced by the Mayor, Assembly, or staff, no formal action is taken at work sessions and items that require formal
Assembly action are placed on regular Assembly meeting agenda. Citizen's comments at work sessions are NOT considered part of
the official record. Citizen's comments intended for the "official record" should be made at a regular Assembly meeting.
CITIZENS' COMMENTS (Limited to Three Minutes per Speaker)
ITEMS FOR DISCUSSION
1. Draft MOA for the Baranof Outdoor Track and Field Complex
2. Land Sale Fund Review
3. Bond Report
PUBLIC HEARING
Ordinance No. FY2012 -09 Reestablishing Boards, Committees, and Commissions as
Established in the Kodiak Island Borough Code of Ordinances Title 2 Administration and
Personnel Chapter 2.100 Boards, Committees, and Commissions.
UNFINISHED BUSINESS — None.
NEW BUSINESS
CONTRACTS
Contract No. FY2005 -09B Amending Contract No. FY2005 -09 /B Employment Contract
Between the Kodiak Island Borough Assembly and Rick Gifford as Manager.
RESOLUTIONS
Resolution No. FY2012 -12 Ratifying and Certifying the Results of the Municipal Election Held
October 4, 2011.
ORDINANCES FOR INTRODUCTION
Ordinance No. FY2012 -10 Amending the Kodiak Island Borough Code of Ordinances Title 15
Buildings and Construction Buildings Chapter 15.10 Building Codes By Adding Section
15.10.180 Poly- Tunnels and Title 17 Zoning by Amending Sections 17.60.020, 17.70.020,
17.75.020, 17.80.020, and 17.85.020 to Include Poly - Tunnels and /or Hoophouses.
OTHER ITEMS
Assembly Approval of a Partial Vacation to Allow a Reduction in Width for an Existing 50 -Foot
"Easement for Salmon Stream" as Depicted on Plat 2006 -13, to be Reduced in Width to 35 -Foot
Easement on One Side of Panamaroff Creek (Lot 3, Panamaroff Creek Estates Subdivision -
Case S12 -003).
Administer Oath of Office to Newly Elected Officials.
Presentation to Outgoing Assembly Member(s).
MANAGER'S COMMENTS
CLERK'S COMMENTS
MAYOR'S COMMENTS
ASSEMBLY MEMBERS COMMENTS
Bud Cassidy
From: Charlie Powers < barlingbayfisheries @hotmail.com>
Sent: Wednesday, . September 28, 2011 12:27 PM
To: Bud Cassidy; akniaziowski @city.kodiak.ak.us
Cc: rjwalker @gci.net; cpagsolingan @city.kodiak.ak.us; w.j.karnold @hotmail.com;
Iwpickett @acsalaska.net; rounsavilles @msn.com; sminyard @gmail.com;
rick langfitt @kodiakschools.org; bwatkins01 @kodiakschools.org;
jerothe .selby @assembly.kodiakak.us; clerk @city.kodiak.ak.us; Lauri Whiddon
Subject: Baranof Park Improvement Project
Attachments: Baranof Estimate as of 8- 18.11.pdf; Baranof revised option 12 -8 -10 - Color.pdf;.Baranof
Schedule'8- 22- 11.pdf; Memorandum of Agreement - City; Borough, KFOR 09222011:doc
To: Aimee Kniaziowski
City of Kodiak Manager
Bud Cassidy
Kodiak Island Borough Acting Manager
cc: KFOR Representatives
Honorable Borough Mayor Selby
Honorable City Mayor Floyd
September 28, 2011
Attached are draft submittals prepared for the KIB and City to review in
preparation for the Oct 27th Council meeting docket. Hard copies of the draft
submittal were delivered to your offices this morning. The MOA is relatively
self explanatory so we won't go into the detail covered within it. However, we
do want to point out that the MOA is modeled after and in response to
recommendation by the City Council and Manager to follow the — Library Model ".
We request that you review the document and work with us to make any necessary
changes in language.
Within a cover letter later to be submitted along with the final MOA, we plan to
address other important progress which aligns with the "Library Model" and
recommendations made by the City Council and Manager including:
• KFOR has formed and has united the various user groups of the project and
has established a significant community support base.
• KFOR has potential and secured donations towards the project from corporate
and other donors, citing specific examples.
• KFOR has consulted with the Foraker Group to better understanding how KFOR
can partner with existing 501 c.3 entities as fiscal sponsors to accept tax -
exempt moneys dedicated to this project as solicited by KFOR. In
consultation with Mr. DennisMcMillian, President /CEO of the Foraker Group,
we learned that it is very common to do this type of arrangement. In fact,
he pointed out this is a growing trend in the US especially for
projects with a definite beginning and end. Mr. McMillian stated
that there was no reason he could see why we couldn't move forward as
proposed.
1
• KFOR has contacted and requested different 501 c 3 organizations to act as
fiscal sponsor to the project including the Booster Club, Kodiak Football
League and the Kodiak Little League.
• KFOR has secured a 501 c 3 attorney, free of charge, to assist in the legal
framework surrounding such donations. We are working on securing proper
CPA support as well.
• KFOR has engaged the joint Borough and City Parks and Recreation Committee
in this advocacy effort.
Phase one of the project is prioritized, shovel ready and funded. To summarize,
it is our position that the City and Borough must capitalize on this time
sensitive opportunity immediately by moving the project forward to bid. KFOR
commits to advocating for and soliciting funds for availability in 2012 which
could enable add alternates to be captured and therefore extend the life of the
project to include phase 2. Our hope is that Representative Austerman and
Senator Stevens will be successful in obtaining additional funding from the 2012
legislative session and that the significant donor contributions will be enough
to meet any shortfalls due to contingencies, legislative funding, or value add
improvements (ie- donor directed).
KFOR representatives and the community at large are grateful for the support our
municipalities have given towards this project through design commitments, Parks
and Recreation involvement, and CIP prioritization. This project is an
investment in the community and will ultimately save both municipalities money as
youth and families choose to use these facilities because of the positive
outcomes that will follow. When everyone has the pleasure of standing and
playing on these fields; the only regret anyone will have is why didn't we do
this sooner.
Best Regards,
Charlie Powers
KFOR Representative
2
MEMORANDUM. OF AGREEMENT
This Memorandum of Agreement (MOA) is by and between the City of Kodiak (City), the Kodiak
Island Borough (Borough), and Kodiak Families for Outdoor Recreation (KFOR).
WHEREAS, it is the desire of the residents of Kodiak as represented by KFOR to replace certain
elements of the - Baranof Outdoor Track and Field Complex herein known as the Project; and
WHEREAS, the City holds title to property and maintains the improvements to the property; and
WHEREAS, the City Parks and Recreation Department has %conducted geotechnical investigation, has
procured a profession cost estimate, and has acquired construction drawings forthc project; and
WHEREAS, the Project has been broken into twoo,ph s
• Phase 1 being a new sic lane track and synthetiOmultipurpose football field with an estimated
construction cost of $3 Million; '
• Phase 2 being a synthetic baseball infield and the co pletion of the "D" -zones of the football
field with an estimated construction cost:of $1.3 Million; and f '
WHEREAS, the State of Alaska has conttr ted �'2 Million towards Phase° of the project; and
WHEREAS, the joint Borough /City Parks vand RIc�reation�Committee has recommended the Project
move forward; and t n 7
WHEREAS, the�y/@i and B ugh co- spons the Project to obtain state support with the
understanding that eachS`vtuld demonstrate local commitments of $500 Thousand towards meeting total Phase
1consnuction needs and It
l ilia' V rE4'ki :,:',./ WHEREASY^,KFOR adv s ffoor h o natruetion to maintain project momentum, is committed to
being the energy behmd,ta sing Ph and h as assembled to ensure the interests of all user groups are
satisficdrwder a anified voiced
c„,,,,,,,,, 4:9„,:„,
\,,,„:)p
NOW, THEREFORE. the CITY the BOROUGH, and KFOR agree as follows:
wro, A. Duties ofrKFOR4:c'
Development Planning
KFOR will work closely with the Director of Parks and Recreation to provide assistance in
decisions related to value engineering, design and sequencing so to be in alignment with fund
raising projections.
Capital Campaign
KFOR will orchestrate fund raising efforts for Phase 2 via donor solicitations. Contributions
will he directed through affiliated 501 (c) (3) tax - exempt organizations herein known as
Fiscal Sponsors. KFOR will require any Fiscal Sponsor to keep accurate records of all
contributions.
Building Consensus
KFOR will engage stakeholder groups including baseball, football, soccer, track, physical
education, parks & recreation, and the High School student council to espouse one voice, one
community and one project.
B. Duties of Borough e`
Co- Sponsorship 4 .4 4
Borough will make available immediately to thea„Ciiy $500,000 to be placed towards
construction of Phase I. X 13`
Support
AF2-
Borough will support the project by advocating for additional legislate funding towards
construction of Phase 2. Borough will also offer technical assistance to the City and KFOR
where practicable to ensure a successful project.
C. Duties of City
Co- Sponsorship
City will make $500,000 available immediately through an appropriation to be placed towards
construction of Phase I . City to include Phase 2 in its top three capital improvement list in the
2012 legislative session.
Provision of Building Site
City will provide property on which to construct Phase I and Phase 2.
Staffing and Maintenance
City will be responsible for contracting for architectural and engineering design services,
coordinating bid documents, awarding a construction contract and providing.a program of
quality assurance and contract fulfillment during the construction and warranty period for
Phase 1 and Phase 2 of the Project.
Schedule
City to make reasonable effort to keep Phase 1 of the project on schedule as depicted on the
gantt chart provide by DA Hogan.
Fiscal Management and Accounting
City agrees to accept,:hold, convert, and prudently invest funds received that have been
dedicated to the capital campaign for construction of the new Project. Direct contributions
may include those gifts or grants of cash (by draft, check or credit card) or convertible
securities. Indirect contributions may include those funds donated to the Fiscal Sponsors for
KFOR to be used for the project. The City agrees to provide a monthly accounting of the
funds being held together with a report of expenses incurred against the balances.
D. This Agreement is supplemented by the following documentation.
o Parks and Recreation Recommendation
o KFOR Petition of Supporters
Memorandum of Agreement Paget
• Gantt Chart Schedule, Construction Drawing, and Cost Estimate by DA Hogan
• Letters of Project support by Senator Stevens and Representative Austerman
E. This Agreement shall become effective as of the latest date written below.
By: OWNER: CITY OF KODIAK
By
Aimee Kniaziowski, City Manager Date
By: CO- SPONSOR: KODIAK ISLAND BOROUGH
X
B ',
Rick :Gifford, Borough Manager Date
u
By: ADVOCACY GROUP: KODIAK FAMILIESiEOR RECREATION
4 ' N ,
C ih_e Powers; football Football Date
By _ ,
Leonard PtckettpKodtak- MLittle L�gile Date
,,r �i4, s � �' ,
(litraii B:: . i
By
te
Mara Dunbar KIBSD Track & Cross Country Date
�v a
',
'4' 1:7-'
Ns By
t, Chris Pagiolingan, City of Kodiak Youth Soccer Date
N CL
}Rick Walker, Joint Parks & Rec Committee Date
�.,, rte"
By
Darlene Rounsaville, KIBSD Physical Education Teacher Date
By
, KHS Student Council Date
Memorandum of Agreement Page3
Kodiak Parks and Recreation
Baranof Park Field and Track Reconstruction �D A HO G A N
Synthetic Turf Field and 6 Lane Track Construction Cost
Estimate
18- Aug -11
.Base Bid - Synthetic Turf Field $ 2,256,414
Field Alternate Bid items $ 20,400
Field Potential Additional Improvements $ 6,392
Alternate Bid #1 - Rubberized Track Surfacing $ 675,502
Alternate Bicf #1 - Additive Alternate Items $ 106,760
Alternate. Bid #2 - West "D" Zone Synthetic Turf $ 199,234
Alternate Bid #3 - East "D" Zone Rubberized Surfacing $ 423,511
Alternate Bid #1 - Additive Alternate Items $ 28,263
Alternate Bid 114 - Baseball Infield $ 558,936
Baranof Park
Field and Track Renovation - 6 Lane
Preliminary Construction Cost Estimate
Pagel of 1
Baranof Community Fields
Fields and Track Renovation
Project Schedule
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EXISTING SPECTATOR AREAS
FUTURE FIELD LIGHTING SYSTEM
BARANOF PARK
PRELIMINARY 51TE PLAN WITH 6 LANE TRACK
PREPARED FORS CITY OF KODIAK
December 8, 2010
Kodiak Island Borough
MEMORANDUM
TO: Borough Assembly
THROUGH: Rick Gifford, Borough Manager
FROM: Karleton Short, Finance Director la
SUBJECT: Land Sale Fund and Debt Service Fund
DATE: October 13, 2011
The land sale fund was established by Ordinance 83 -24 -0.
3.10.150 Land sale fund.
The land sale fund has been established and is maintained as a separate and distinct self -
balancing entity of this government to receive, maintain, and eventually disburse
monies in relation to land sale activities, including but not limited to design,
construction, maintenance, and administration of land sale activities delineated annually
by the assembly in the approved budget for that fiscal year. [Ord. 83 -24 -0, 1983.
Formerly §3.04.0551.
It is only to be used for land sale activities.
At June 30, 2011 the Land Sale Fund had $938,754 in cash and investments and $34,375 in
accounts receivable. It has a fund balance of $973,130.
We have not received the revenue yet for gravel sales but we expect to receive $30,000 to
$50,000. This will be recorded into FY2012.
We have one position, resource manager, funded entirely by this fund, and the code enforcement
officer position is partially funded by this position.
To prepare property for sale we expended $40,967 on surveys in FY2011 and $104,796 in
FY2010.
The Debt Service Fund was created to record revenues related to the payment of General
Obligation Debt. At this time we have three departments, one for school debt, one for hospital
debt, and one for the repayment of state loans made to the village of Karluk.
At the end of FY2011 the Debt Service fund had a negative fund balance of $45,845. This was
due to lower than expected state reimbursement.
In FY2011 the Borough paid debt service of $3,309,544 for education bonds less state
reimbursement of $2,119,478 for net school district bond expenditures of $1,190,066.
In FY2011 the Borough paid $743,924 on Hospital debt service and $6,603 for Karluk loans.
In FY2012 we levied a property of .98 mills for education debt service and .57 for hospital debt
service. As we sell more bonds for the high school project this mill levy will have to be
increased. At this time we are planning on selling $25,000,000 of bonds in FY2012. To pay the
debt service on these bonds will require a mill rate of .75 mills.
Revenue bond payments are not made from the Debt Service Fund but are made directly out of
the fund receiving the proceeds.
An example of a revenue bond is the bonds we issue for landfill improvements.
I have attached a summary of our general obligation bond payments until maturity.
2
Kodiak Island Borough
Detail Balance Sheet
Through Date: 9/30/2011
Account Current Y -T -D Balance Prior Year Balance Net Change Change Percentage
Fund Category: 1 Governmental Funds
Fund Type: 2 Special Revenue Funds
Fund: 210 Land Sales
-----_----_-----.-_--_-
Asse
Cash
101.100 Cash In Bank -Wells Fargo $886,509.39 $1,082,045.21 ($195,535.82) (18.07 %)
101.401 Savings- NBA- Henericks $0.00 $0.00 $0.00 + ++
Cash totals: $866,509.39 $1,082,045.21 ($195,535.82) (18.00 %)
Investments
103.100 Investments $0.00 $0.00 $0.00 + ++
103.120 Certif Of Deposit $0.00 $0.00 $0.00 + ++
Investments totals: $0.00 $0.00 $0.00 + ++
Interest Receivable
104.100 Interest Redlnvestmnl $0.00 $0.00 $0.00 +++
104.130 Interest Rec - Land Sale $0.00 $0.00 $0.00 + ++
Interest Receivable totals: $0.00 $0.00 $0.00 + ++
Accounts Receivable
115.000 Accounts Receivable $0.00 $0.00 $0.00 + ++
115,100 Accounts Receivable ($485.02) $2.48
($487.50) (19,657.25 %)
115.105 Accounts Rec -Other $0.00 $0.00 $0.00 + ++
115.150 Acct Rec: Uncollect $0.00 $0.00 $0.00 + ++
Accounts Receivable totals: ($465.02) $2.48 ($487.50)
(19,657.00 %)
Allow For Doi Ibtfilll Accts
116.100 Allow /Doubtful Accts $0.00 $0.00 $0.00 + ++
Allow For Doubtful( Aunts totals' $0.00 $0.00 $0.00 + ++
I and Sales - Current
129.100 Land $0.00 $0.00 $0.00 + ++
129.110 Conte Rec -Land Sale $10,700.08 $11,076.33 ($376.25) (3.39 %)
129.120 ConlRec -Def Land Pd $0.00 $0.00 $0.00 + ++
129.150 Intr Rec -Land Sale $0.00 $0.00 $0.00 + ++
- - • •I • $10,700.08 $11,076.33 ($376.25) (3.00 %)
Due From Other Funds
130.100 Due From Gen Fund $0.00 $250.00 ($250.00) (100.00%)
130.200 Due From Mental Hlth $0.00 $0.00 $0.00 + ++
130.205 Due From Day Care
(100.00 %)
$0.00 $1,000.00 ($1,000.00)
130.208 Due From W to W $0.00 $0.00 $0.00 + ++
130.220 Due From Bldg &Grounds $0.00 $0.00 $0.00 + ++
130.230 Due From Ak Energy Grant $0.00 $0.00 $0.00 + ++
130.234 Due From LEPC $0.00 $25,000.00 ($25,000.00) (100.00%)
130.246 Due Fr Bayview S.D.
(100.00 %)
$0.00 $10,000.00 ($10,000.00)
user: Karl Short Pages 1 of 3 Thursday, October 13, 2011
Kodiak Island Borough
Detail Balance Sheet
Through Date: 9/30/2011
Account Current Y -T -D Balance Prior Year Balance Net Change Change Percentage
Fund Category: 1 Governmental Funds
Fund Type: 2 Special Revenue Funds
Fund: 210 Land Sales
_..__.. __...__._..._..._..._....__ -__. Assets -_-_-_-.._ .- ._- ...�.._...._...._._._.__._
Assets
Due From Other Funds
130.275 Due Fr.Kod Arts Coun. $0.00 $0.00 $0.00 + ++
Due From Other Funds totals' $0.00 $36,250.00 ($36,250.00) (100.00 %)
Prepaid Expenses
143.100 Prepaid Expenses $0.00 $0.00 $0.00 + ++
Prepaid Expenses totals' $0.00 $0.00 $0.00 + ++
I and Sales - I ()mama
129.130 Contr Rec- Long Term $21,703.90 $31,665.37 ($9,961.47) (31.45 %)
Land Sales - Lon o Term totals: $21,703.90 $31,665.37 ($9,961.47) (31.00 %)
Clearino Account - Temp
199.100 Clearing Acct -Temp $0.00 $0.00 $0.00 + ++
Clearing Account - Temp totals: $0.00 $0.00 $0.00 + ++
Assets totals: $918,428.35 $1,161,039.39 ($242,611.04) (21.00 %)
Total Assets $918,428.35 $1,161,039.39 ($242,611.04) (21.00 %)
_..-._.._ _......_.�.- �..- �_�....�...�..- Liabilities .. ...._... .__�..._- ..._- ..._......__.__..
L'a iliti
Vouchers Payable
201.000 Vouchers Payable $0.00 $0.00 $0.00 + ++
Vouchers Payable totals' $0.00 $0.00 $0.00 + ++
Accounts ay
Pables
202.000 Accounts Payable $0.00 $0.00 $0.00 + ++
202.111 NP Henericks /LandPurch $0.00 $0.00 $0.00 + ++
Accounts Payables totals: $0.00 $0.00 $0.00 + ++
Employee Benefits Payat e
203.105 Leave Payable $0.00 $0.00 $0.00 + ++
Employee Benefits Payable totals' $0.00 $0.00 $0.00 + ++
Due To Other Funds
208.100 Due To General Fund ($12,786.29) $16,894.49 ($29,680.78) (175.68 %)
208.208 Due To Welfare to Work $0.00 $0.00 $0.00 + ++
208.220 Due To Bldgs 8 Grnds $0.00 $0.00 $0.00 + ++
208.240 Due To Womens By Rd Sry $0.00 $0.00 $0.00 + +4
208.242 Due To Rd. Srv. #1 $0.00 $0.00 $0.00 + ++
208.244 Due To Monashka R.D. $0.00 $0.00 $0.00 + ++
208.250 Due To Fire Prot.#1 $0.00 $0.00 $0.00 + ++
user: Karl Short Pages 2 of 3 Thursday, October 13. 2011
Kodiak Island Borough
Detail Balance Sheet
Through Date: 9/30/2011
Account Current Y -T -D Balance Prior Year Balance Net Change Change Percentage
Fund Category: 1 Governmental Funds
Fund Type: 2 Special Revenue Funds
Fund: 210 Land Sales
Lia ili
Due To Other Funds
208.252 Due To Women Bay FD $0.00 $0.00 $0.00 + ++
208.260 Due To Woodland Acres $0.00 $0.00 $0.00 +++
235.100 Unrealized Rev -Land Sale $0.00 $0.00 $0.00 + ++
Due To Other Funds totals; ($12,786.29) $16,894.49 ($29,680.78) (176.00 %)
Deferred Revenues
222.300 Unrealized Revenue $21,327.65 $31,665.37 ($10,337.72) (32.64 %)
Deferred Revenues totals $21,327.65 $31,665.37 ($10,337.72) (33.00 %)
Customer Deposits
229.210 Gravel Royalty Prepayment $0.00 $0.00 $0.00 +++
Customer Deposits totals: $0.00 $0.00 $0.00 + ++
Liabilities totals $8,541.36 $48,559.86 ($40,018.50) (82.00 %)
Total Liabilities $8,541.36 $48,559.86 ($40,018.50) (82.00 %)
Fund Eaulty
Fund Balance - unreserved
253.100 Fund Bal- Unreserved $1,137,793.52 $1,137,793.52 $0.00 0.00%
253.110 PriorYr.Resery Encumb. $0.00 $0.00 $0.00 + ++
F n. :.1..n - - n - - . ..1 : $1,137,793.52 $1,137,793.52 $0.00 0.00%
Fnt t al( als $1,137,793.52 $1,137,793.52 $0.00 0.00%
Total Fund Equity $1,137,793.52 $1,137,793.52 $0.00 0.00%
P/Y Fund Equity Adjustment $190,137.39
Fund Revenues: ($3,333.46)
Fund Expenses: $41,102.60
Liability and Fund Equity Total: $918,428.35 $1,186,353.38 ($267,925.03) (23.00 %)
Fund Totals: Land Sales $0.00 ($25,313.99) $25,313.99
Fund Type Totals: Special Revenue Funds $0.00
($25,313.99) $25,313.99
Fund Category Totals: Governmental Funds $0.00 ($25,313.99) $25,313.99
Grand Totals: ..,,,
user: Karl Short Pages 3 of 3 Thursday, October 13, 2011
Kodiak Island Borough
Income Statement
Through Date: 6/30/2012
Annual M -T -D Y -T -D Budget Less % of Prior Year
Budget Amount Actual Amount Actual Amount Y -T -D Actual Budget YTD Total
Fund Category: 1 Governmental Funds
Fund Type: 2 Special Revenue Funds
Fund: 210 Land Sales
REVENUE
Department: 000 Fund Revenues
I icenses & Permits
322.100 Annual Use Permit $1,000.00 $0.00 $750.00 $250.00 75% $750.00
Account: 322 Annual Use Permit totals: • . ' - • $1,000.00 $0.00 : $750.00 :•.$25D .'= 75% .. - $750.00
Total Licenses & Permits: $1,000.00 $0.00 $750.00 $250.00 75% $750.00
Interest Earnings
361.100 Interest Earnings $5,000.00 $0.00 $0.00 $5,000.00 0% $23,552.15
361.300 Change in Fair Mkt value $0.00 $0.00 $0.00 $0.00 + ++ ($15,234.53)
' ' Account 361 Interest _Earnings totals!: • ' "' .$5,000.00 ' -!'.. „$0.00 e. , ; ' ; $0.00 ` ' $5,000.00 0% : ; • :;.$8,317.62
Total Interest Earnings: $5,000.00 $0.00 $0.00 $5,000.00 0% $8,317.62
Rents And Royalties
363.500 Gravel Sales $50,000.00 $0.00 $0.00 $50,000.00 0% $2,105.60
Account. 363 Gravel Sales totals .. ,150,000.00 ` • - 'u ..:$0.00 -, - � . . y: $0.00: "$50,00000:':,,0% ' $2,105.60 •
Total Rents And Royalties: $50,000.00 $0.00 $0.00 $50,000.00 0% $2,105.60
Land Sales Activity
371.100 Land Sale- Principal $20,000.00 $0.00 $1,970.98 $18,029.02 10% $11,042.73
371.110 Land Sale- Interest $5,000.00 $0.00 $532.48 $4,467.52 11% $3,978.03
':'Account: 371 Land.S Principal totals: ';` - $25,000.00` ` . ' -: $0.00 `', : • $2(503.46 $22,496:54 'H'10 %' 4" - $15,020.76
Total Land Sales Activity; $25,000.00 $0.00 $2,503.46 $22,496.54 10% $15,020.76
Miscellanous - Classified
380.190 Land Leases $0.00 $0.00 $80.00 ($80.00) + ++ $80.00
.,• n a nd _ _ ..
,,� - �'�Account 380 Leases4otals - ' y/ ^ :530 .00: '',',' ', y $0:00 r :::` - , $80.00 ", :^ ' ^'($80.00)* ^ + + +;','- -;.' - ° .$80;00
Total Miscellanous - Classified: $0.00 $0.00 $80.00 ($80.00) + ++ $80.00
Other Financing Sources
389.100 Use Of Fund Balance $227,345.00 $0.00 $0.00 $227,345.00 0% $0.00
Account., 389 Use Of Fund'Balance totals - ?. $227,345.00. ` -. $000. .' _• $0.D0 - „. :$227,345:00,3`" >• 0% - .„ " ` $0.00
Total Other Financing Sources: $227,345.00 $0.00 $0.00 $227,345.00 0% $0.00
Department totals: Fund Revenues $308,345.00 $0.00 $3,333.46 $305,011.54 1% $26,273.98
REVENUE Totals $308,345.00 $0.00 $3,333.46 $305.011.54 1% $26,273.98
user: Kari Short Pages 1 of 4 Thursday. October 13, 2011
Kodiak Island Borough
Income Statement
Through Date: 6130/2012
Annual M -T -D Y -T -D Budget Less % of Prior Year
Budget Amount Actual Amount Actual Amount Y -T -D Actual Budget YTD Total
Fund: 210 Land Sales
-- - - - - - -- EXPENSE
Department: 231 Resource Management
Personnel Services
410.110 Salaries $104,180.00 $0.00 $23,620.70 $80,559.30 23% $90,953.84
410.130 Overtime $3,490.00 $0.00 $247.84 $3,242.16 7% $898.40
410.140 Allocated Salaries $75,000.00 $0.00 $0.00 $75,000.00 0% $11,499.96
Account 410Salaries,totals - ' • ,. $182670.00. • . $0.00• , $23,868.54 $158,801.46'. - 13% ' $103,352.20
Total Personnel Services: $182,670.00 $0.00 $23,868.54 $158,801.46 13% $103,352.20
Employee Benefit
420.110 Unemployment Taxes $0.00 $0.00 $2.41 ($2.41) + ++ $8.99
420.120 FICA Taxes $8,250.00 $0.00 $1,682.49 $6,567.51 20% $6,738.49
420.130 Group Insurance $34,070.00 $0.00 $8,164.38 $25,905.62 24% $27,232.32
420.140 Retirement $30,100.00 $0.00 $7,937.04 $22,162.96 26% $24,591.37
420.150 Workers Compensation $4,010.00 $0.00 $953.69 $3,056.31 24% $3,545.91
-
_ A _.. em p l oy
Account: 420 Unemployment Taxes,totals: ".,, - $76,430.00_" ? .. ..;$0.00 " ? $18,740D1 ..' '$57,689.99` ', 25 %' $64117.08'
Total Em ts: $76,430.00 $0.00 $18,740.01 $57,689.99 25% $62,117.08
Professional Services
430.140 Contracted Services $0.00 $0.00 $0.00 $0.00 + ++ $2,175.00
Account: 430 Contracted Services totals
. - .c
Set vices , - , - .
.. ■ _ , $0.00 • .. ,. .,,$0. „ $0.00 , - $0.00 • • + +,+ • :$2,175.00
Total Professional Services: $0.00 $0.00 $0.00 $0.00 + ++ $2,175.00
• ••• . -rvi -
450.100 Office Supplies $0.00 $0.00 $0.00 $0.00 + ++ $18.30
450.120 Printing /Binding $0.00 $0.00 $0.00 $0.00 + ++ $1.61
450.140 Dues /Books /Period $500.00 $0.00 $0.00 $500.00 0% $0.00
450.220 Insur And Bonding $1,200.00 $0.00 $1,392.00 ($192.00) 116% $825.00
450.230 Advertising /Hearings $500.00 $0.00 $0.00 $500.00 0% $0.00
450.240 Filing /Record Fees $45.00 $0.00 $87.00 ($42.00) 193% $27.00
450.260 Surveys $24,500.00 $0.00 $6,330.00 $18,170.00 26% $40,967.53
450.263 Real Property Cleanup $10,000.00 $0.00 $0.00 $10,000.00 0% $1,050.00
450.265 Soil Testing $9,500.00 $0.00 $0.00 $9,500.00 0% $4,200.00
450.270 Continuing Education $3,000.00 $0.00 $318.75 $2,681.25 11% $1,677.65
Account: 450 Office Supplies totals: $49,245.00 $0.00 $8,127.75 $41,117.25 • 17% $48,767.09
Total Suoport Goods & Services: $49,245.00 $0.00 $8,127.75 $41,117.25 17% $48,767.09
Department totals: Resource Management $308,345.00 $0.00 $50,736.30 $257,608.70 16% $216,411.37
user: Kari Short Pages 2 of 4 Thursday. October 13, 2011 -
Kodiak Island Borough
Income Statement
Through Date: 6/30/2012
Annual M -T -D Y -T -D Budget Less % of Prior Year
Budget Amount Actual Amount Actual Amount Y -T -D Actual Budget YTD Total
REVENUE Totals: $308,345.00 $0.00 $3,333.46 $305,011.54 1% $26,273.98
EXPENDITURE Totals: $308,345.00 $0.00 $50,736.30 $257,608.70 16% $216,411.37
FundLand Sales NET GAIN / <LOSS >: $0.00 $0.00 ($47,402.84) $47,402.84
($190,137.39)
user Karl Short Pages 3 of 4 Thursday. October 13, 2011
Kodiak Island Borough
Income Statement
Through Date: 6/30/2012
Annual M -T -D Y -T -D Budget Less % of Prior Year
Budget Amount Actual Amount Actual Amount Y -T -D Actual Budget YTD Total
Special Revenue Funds REVENUE Totals: $308,345.00 $0.00 $3,333.46 $305,011.54 $26,273.98
Special Revenue Funds EXPENDITURE Totals: $308,345.00 $0.00 $50,736.30 $257,608.70 $216,411.37
Fund Type: Special Revenue Funds NET GAIN / <LOSS >: $0.00 $0.00 ($47,402.84) $47,402.84 ($190,137.39)
Governmental Funds REVENUE Totals: $308,345.00 $0.00 $3,333.46 $305,011.54 $26,273.98
Governmental Funds EXPENDITURE Totals: $308,345.00 $0.00 $50,736.30 $257,608.70 $216,411.37
Fund Category: Governmental Funds NET GAIN /<LOSS >: $0.00 $0.00 ($47,402.84) $47,402.84 ($190,137.39)
Grand REVENUE Totals: $308,345.00 $0.00 $3,333.46 $305,011.54 $26,273.98
Grand EXPENDITURE Totals: $308,345.00 $0.00 $50,736.30 $257,608.70 $216,411.37
Grand Totals: $0.00 $0.00 ($47,402.84) $47,402.84 ($190,137.39)
user: Karl Short Pages 4 of 4 Thursday. October 13. 2011
Kodiak Island Borough
Detail Balance Sheet
Through Date: 9 /30/2011
Account Current Y -T -D Balance Prior Year Balance Net Change Change Percentage
Fund Category: 1 Governmental Funds
Fund Type: 2 Debt Service Funds
Fund: 300 Debt Service
Assets.___.___
Assets
Cash
101.100 Cash In Bank -Wells Fargo $439,057.07 $128,909.78 $310,147.29 240.59%
Cash totals: $439,057.07 $128,909.78 $310,147.29 241.00%
Cash With Fiscal Agent
102.100 Cash With Fiscal Agent $0.00 $0.00
$0.00 + ++
102.110 Cash With Merill Lynch $0.00 $0.00 $0.00 + ++
102.120 Cash With Bateman Eichler $0.00 $0.00
$0.00 + ++
Cash With Fiscal Agent totals, $0.00 $0.00 $0.00 +++
investments
103.100 Investments $0.00 $0.00 $0.00 + ++
103.110 Repurchase Agreements $0.00 $0.00
$0.00 + +«
103.120 Certif Of Deposit $0.00 $0.00 $0.00 + ++
103.140 Government Agencies $0.00 $0.00 $0.00 + ++
Investments totals' $0.00 $0.00
$0.00 + ++
interest Receivable
104.100 Interest Rec /Investmnt $0.00 $0.00
$0.00 + ++
Interest Receivable totals: $0.00 $0.00 $0.00 + ++
Taxes Rec. - Current
105.100 Taxes Rec -Curr Real $776,940.08 $0.00
$776,940.08 + ++
105.200 Taxes Rec -Curr Pers $80,968.83 $0.00 $80,968.83 + ++
Taxes Rec, - Current totals $857,908.91 $0.00 $857,908.91 + ++
Taxes Rec - Delinquent
107.140 Delq.Taxes- Personal $0.00 $0.00 $0.00 +++
Taxes Rec - Delinquent totals: $0.00 $0.00 $0.00 + ++
Tax Liens Receivable
111.100 Tax Lien Rec - RealProp $0.00 $0.00 $0.00 + ++
Tax Liens Receivable totals: $0.00 $0.00 $0.00 + ++
Accounts Receivable
115.000 Accounts Receivable $0.00 $0.00 $0.00 + ++
115.100 Accounts Receivable $0.00 $0.00 $0.00 + ++
Accounts Receivable totals: $0.00 $0.00
$0.00 + ++
Due From State Of Alaska
126.200 Due From State Of AK $0.00 $0.00 $0.00 + ++
Due From State Of Alaska totals' $0.00 $0.00 $0.00 + ++
user: Kari Short Pages 1 of 3 Thursday. October 13, 2011
Kodiak Island Borough
Detail Balance Sheet
Through Date: 913012011
Account Current Y -T -0 Balance Prior Year Balance Net Change Change Percentage
Fund Category: 1 Governmental Funds
Fund Type: 2 Debt Service Funds
Fund: 300 Debt Service
Assets
Due From Other Funds
130.100 Due From Gen Fund $0.00 $0.00 $0.00 + ++
130.250 Due Fr.Fire Prot #1 $0.00 $0.00 $0.00 + ++
130.420 Due Fr.Cap.Proj.Sch.Bonds $0.00 $0.00 $0.00 + ++
130.555 Due from Fund KFRC $0.00 $0.00 $0.00 + ++
Due From Other Funds totals: $0.00 $0.00 $0.00 + ++
Clea Account - Temp
199.100 Clearing Acct -Temp $0.00 $0.00 $0.00 + ++
Clearing Account - Temp totals: $0.00 $0.00 $0.00 + ++
Assets totals: $1,296,965.98 $128,909.78 $1,168,056.20 906.00%
Total Assets $1,296,965.98 $128,909.78 $1,168,056.20 906.00%
- Liabilities - - __...__�___________
ili
Vouchers Payable
201.000 Vouchers Payable $0.00 $0.00 $0.00 + ++
Vouchers Payable totals: $0.00 $0.00 $0.00 + ++
Accounts Pavables
202.000 Accounts Payable $2,653,265.63 $0.00 $2,653,265.63 + ++
202.100 Accounts Payable $0.00 $0.00 $0.00 + ++
Accounts Pavables totals $2,653,265.63 $0.00 $2,653,265.63 +++
Due To Other Funds
208.100 Due To General Fund $400,000.00 $400,000.00 $0.00 0.00%
208.240 Due To Womens By Rd Sry $0.00 $0.00 $0.00 + ++
208.242 Due To Rd. Srv. #1 $0.00 $0.00 $0.00 +4+
208.250 Due To Fire Prot.tt1 $0.00 $0.00 $0.00 + ++
208.276 Due To Facility Fund $0.00 $0.00 $0.00 + ++
208.290 Due to Fern Fuller Trust $0.00 $0.00 $0.00 + ++
208.310 Due To Debt Other $0.00 $0.00 $0.00 + ++
208.420 Due To Cap.Proj- Sch.Bonds $0.00 $0.00 $0.00 + ++
208.425 Due To Hosp Bonds $0.00 $0.00 $0.00 +++
208.555 Due To KFRC $0.00 $0.00 $0.00 + ++
Due To Other Funds totals: $400,000.00 $400,000.00 $0.00 0.00%
Liabilities totals: $3,053,265.63 $400,000.00 $2,653,265.63 663.00%
Total Liabilities $3,053,265.63 $400,000.00 $2,653,265.63 663.00%
user: Karl Short Pages 2 of 3 Thursday- October 1 „2011
Kodiak Island Borough
Detail Balance Sheet
Through Date: 9/30/2011
Account Current Y -T -D Balance Prior Year Balance Net Change Change Percentage
Fund Category: 1 Governmental Funds
Fund Type: 2 Debt Service Funds
Fund: 300 Debt Service
Fund Equity
Fund Balance - Unreserved
253.100 Fund Bar- Unreserved $22,255.42 $22,255.42 $0.00 0.00%
253.110 PriorYr.Resery Encumb. $0.00 $0.00 $0.00 ..a
Fund Balance - unreserved totals' $22,255.42 $22,255.42 $0.00 0.00%
Fund Equity totals $22,255.42 $22,255.42 $0.00 0.00%
Total Fund Equity $22,255.42 $22,255.42 $0.00 0.00%
P/Y Fund Equity Adjustment $45,844.58
Fund Revenues: ($2,009,498.55)
Fund Expenses: $3,742,209.04
Liability and Fund Equity Total: $1,296,965.98 $422,255.42 $874,710.56 207.00%
Fund Totals: Debt Service $0.00 ($293,345.64) $293,345.64
Fund Type Totals: Debt Service Funds $0.00
($293,345.64) $293,345.64
Fund Category Totals: Governmental Funds $0.00 ($293,345.64)
$293,345.64
Grand Totals:
user: Karl Short Pages 3 of 3 Thursday, October 13. 2011
Kodiak Island Borough
Income Statement
Through Date: 6/30/2012
Annual M -T -D Y -T -D Budget Less % of Prior Year
Budget Amount Actual Amount Actual Amount Y -T -D Actual Budget YTD Total
Fund Category: 1 Governmental Funds
Fund Type: 2 Debt Service Funds
Fund: 300 Debt Service
REVENUE
Department: 000 Fund Revenues
ro ertv Tax
311.100 Real Property Tax $1,481,075.00 $0.00 $1,468,024.65 $13,050.35 99% $0.00
311.200 Personal PropertyTax $152,115.00 $0.00 $141,473.90 $10,641.10 93% $0.00
'Account: 311` Property T totals: ^$1;633,190.00 " '..$0:00 t ,. ;$1,609;498.55 ' '$23;691.45 ' - 99% <- $0 00 •
Total Property Tax. $1,633,190.00 $0.00 $1,609,498.55 $23,691.45 99% $0.00
State Shared Revenu
335.200 SchOebtReimb- Current $2,265,000.00 $0.00 $0.00 $2,265,000.00 0% $2,119,478.00
Account 335 SchDebtReimb- Current totals: $2,265,000.00 i. ,, $0:00 , - $0.00 , :., • $2,265,000,00 `. 0 %. : $2,119,478.00
Total State Shared Revenues: $2,265,000.00 $0.00 $0.00 $2,265,000.00 0% $2,119,478.00
Interest Earnings
361.100 Interest Earnings $0.00 $0.00 $0.00 $0.00 + ++ $6.005.36
361.300 Change in Fair Mkt value $0.00 $0.00 $0.00 $0.00 + ++ ($13,756.25)
Account 361 interest Earnings totals: , ' t - , $0.00 `..'$0:00', , ,.$0.00 :{- $0.00'' ,_ ++ +.' ($7,750.89)
Total Interest Eamino $0.00 $0.00 $0.00 $0.00 + ++ ($7,750.89)
Other Fin Sources
389.100 Use Of Fund Balance $1,465.00 $0.00 $0.00 $1,465.00 0% $0.00
-... _
___ - .� ..._ .. . - • - o
'-
Account '389 USe _ Of FundBalance totals: �'. - `i - •'�•$1,465.00�'. ,, "i : $0.00 ' ' _ ', - $O.00i '.-'r '$1,465.00 ' •0 % ,, $0.00
Total Other Financing Sources: $1,465.00 $0.00 $0.00 $1,465.00 0% $0.00
eratin Transfers In
391.100 General Fund $0.00 $0.00 $0.00 $0.00 + ++ $1,503,500.00
391.276 Facilities Fund $400,000.00 $0.00 $400,000.00 $0.00 100% $399,000.00
ACC 391iGeneral.FUnd totals -; .: ', ' " . , "''$400000:00: .: "': 'y'.' $0.00 'c$400,00000 '; -:: - ' ,WOO . ^ .100 % $1 ;902,500.00
Total Ooeratina Transfer $400,000.00 $0.00 $400,000.00 $0.00 100% $1,902,500.00
Department totals: Fund Revenues $4,299,655.00 $0.00 $2,009,498.55 $2,290,156.45 47% $4,014,227.11
REVENUE Totals $4,299,655.00 $0.00 $2,009,498.55 $2,290,156.45 47% $4,014,227.11
EXPENSE - - - --
Department: 300 Debt Service - School
Support Goods & Services
450.230 Advertising /Hearings $2,000.00 $0.00 $0.00 $2,000.00 0% $0.00
450.320 Bad Debts Expense $0.00 $0.00 $1.04 ($1.04) + ++ $0.00
user Karl Short Pages 1 of 4 Thursday, October 13, 2011
Kodiak Island Borough
Income Statement
Through Date: 6/30/2012
Annual M -T -D Y -T -D Budget Less % of Prior Year
Budget Amount Actual Amount Actual Amount Y -T -D Actual Budget YTD Total
Fund: 300 Debt Service
EXPENSE -
Department: 300 Debt Service - School
Support Goods &Services
450.500 Paying Agent Fees $1,200.00 $0.00 $0.00 $1,200.00 0% $0.00
-- .cn_ ti... p -
' "T - ,. Account '450 Advertising /Heartngs totals ., • „, "'., •$3,200.00,� -,�' ;_ `$0,00', , ,�9 $104,,. `-f ,'. $3198:96, .0 %`. - -.' . $0.00
.. ..ort .ds: S- ' .. $3,200.00 $0.00 $1.04 $3,198.96 0% $0.00
Debt Service - Principal
475.225 GO 2000 -E Bond Prin $0.00 $0.00 $0.00 $0.00 +4+ $180,000.00
475.226 GO 2000 -F Bond Prin $0.00 $0.00 $0.00 $0.00 + ++ $160,000.00
475.234 GO 2004A Principal $400,000.00 $0.00 $0.00 $400,000.00 0% $385,000.00
475.236 GO 2004B Principal $475,000.00 $0.00 $475,000.00 $0.00 100% $460,000.00
475.237 GO 2008A $290,000.00 $0.00 $167,355.00 $122,645.00 58% $275,000.00
475.238 2009 Refunding Bond $674,310.00 $0.00 $674,390.00 ($80.00) 100% $649,056.00
475.239 2011 Bond Issue $275,000.00 $0.00 $275,000.00 $0.00 100% $0.00
n ._ _„ . _
. -O - 7 d ... ..
Accounb 475 GO 2 000 E Bon _. d Pnri toals:' " t - $Z114,310:00, • • :• $0.00 $1,591,745100 - - $522,585.00 , ' 75% $2,109,056.00
Total Debt Service - Principal: $2,114,310.00 $0.00 $1,591,745.00 $522,565.00 75% $2,109,056.00
Debt Service - Interest
476.225 GO 2000- E Interest $0.00 $0.00 $0.00 $0.00 + ++ $9,000.00
476.226 GO 2000- F Interest $0.00 $0.00 $0.00 $0.00 + ++ $11,440.00
476.234 GO 2004 -A Bond Issue $295,272.00 $0.00 $147,635.63 $147,636.37 50% $311,633.76
476.236 GO 20048 Interest $371,413.00 $0.00 $371,412.50 $0.50 100% $387,775.00
476.237 GO 2008A $334,710.00 $0.00 $457,355.00 ($122,645.00) 137% $348,460.00
476.238 2009 Refunding Bond $84,251.00 $0.00 $125,530.41 ($41,279.41) 149% $110,219.04
476.239 2011 Bond Issue $346,650.00 $0.00 $346,650.00 $0.00 100% $0.00
,Account: 476 GO 2000-E lnterest totals +> =$1,432 296:00- . - $0.00 _ • $1;448,58354 , ($16,287:54) - 101 %• ,: $1,178,527.80
Total Debt Service - Interest: $1,432,296.00 $0.00 $1,448,583.54 ($16,287.54) 101% $1,178,527.80
Refunded Bond Uses
493.160 Other $0.00 $0.00 $0.00 $0.00 + ++ $21,959.93
Account: 493 Other totals: - . $0.00 $0.00 • $0.00 $0.00 + + +. $21,959.93
Total Refunded Bond Uses: $0.00 $0.00 $0.00 $0.00 + ++ $21,959.93
Department totals: Debt Service - School $3,549,806.00 $0.00 $3,040,329.58 $509,476.42 86% $3,309,543.73
user: Kari Short Pages 2 of 4 Thursday. October 13, 2011 •
Kodiak Island Borough
Income Statement
Through Date: 6/30/2012
Annual M -T -D Y -T -D Budget Less % of Prior Year
Budget Amount Actual Amount Actual Amount Y -T -D Actual Budget YTD Total
Fund: 300 Debt Service
EXPENSE
Department: 305 Debt Service - Hospital
Debt Service - Principal
475.238 2009 Refunding Bond $660,695.00 $0.00 $660,610.00 $85.00 100% $635,944.00
Account: 475 2009 Refunding Bond totals: ' • $660;695.00 - ' $0.00 - $660,610.00 . $85.00 100% - $635,944.00
Total Debt Service - Principal: $660,695.00 $0.00 $660,610.00 $85.00 100% $635,944.00
Debt Service - Interest
476.238 2009 Refunding Bond $82,550.00 $0.00 $41,269.59 $41,280.41 50% $107,980.96
Account: 476 2009 Refunding Bond totals: '$82,550.00 • • • ' $0.00 $41 ,269.59 ' $41,280.41 . 50 %' • $107,980.96
Total Debt Service - Interest; $82,550.00 $0.00 $41,269.59 $41,280.41 50% $107,980.96
Department totals: Debt Service - Hospital $743,245.00 $0.00 $701,879.59 $41,365.41 94% $743,924.96
Department: 307 Karluk loans
Debt Service - Principal.
475.227 Karluk Plan /Design -Princ $1,272.00 $0.00 $0.00 $1,272.00 0% $1,253.00
475.228 Karluk San Project -Princ $4,504.00 $0.00 $0.00 $4,504.00 0% $4,437.00
Account: 475 Karluk Plan /Design - Princ totals: • ', $5,776.00 - •' $0.00"'. $0.00 $5,776.00.' 0% ' • $5,690.00
Total Debt Service - Principal: $5,776.00 $0.00 $0.00 $5,776.00 0% $5,690.00
Debt Service - Interest
476.227 Karluk Plan /Design -Inter $182.00 $0.00 $0.00 $182.00 0% $201.00
476.228 Karluk San Project -Inter $646.00 $0.00 $0.00 $646.00 0% $712.00
. Account 476 Karluk Plan /Design I nter totals: .. $828.00 $0.00 • ' $0.00 - . $828.00 0% " $913.00
Total Debt Service - Ming. st: $828.00 $0.00 $0.00 $828.00 0% $913.00
Department totals: Karluk loans $6,604.00 $0.00 $0.00 $6,604.00 0% $6,603.00
REVENUE Totals: $4,299,655.00 $0.00 $2,009,498.55 $2,290,156.45 47% $4,014,227.11
EXPENDITURE Totals: $4,299,655.00 $0.00 $3,742,209.17 $557,445.83 87% $4,060,071.69
FundDebt Service NET GAIN / <LOSS >: $0.00 $0.00 ($1,732,710.62) $1,732,710.62 ($45,844.58)
user: Karl Short Pages 3 of 4 Thursday, October 13, 2011
Kodiak Island Borough
Income Statement
Through Date: 6/30/2012
Annual M -T•D Y-T -D Budget Less % of Prior Year
Budget Amount Actual Amount Actual Amount Y -T -D Actual Budget YTD Total
Debt Service Funds REVENUE Totals: $4,299,655.00 $0.00 $2,009,498.55 $2,290,156.45 $4,014,227.11
Debt Service Funds EXPENDITURE Totals: $4,299,655.00 $0.00 $3,742,209.17 $557,445.83 $4,060,071.69
Fund Type: Debt Service Funds NET GAIN /<LOSS >: $0.00 $0.00 ($1,732,710.62) $1,732,710.62 ($45,844.58)
Governmental Funds REVENUE Totals: $4,299,655.00 $0.00 $2,009,498.55 $2,290,156.45 $4,014,227.11
Governmental Funds EXPENDITURE Totals: $4,299,655.00 $0.00 $3,742,209.17 $557,445.83 $4,060,071.69
Fund Category: Governmental Funds NET GAINI <LOSS >: $0.00 $0.00 ($1,732,710.62) $1,732,710.62 ($45,844.58)
Grand REVENUE Totals: $4,299,655.00 $0.00 $2,009,498.55 $2,290,156.45 $4,014,227.11
Grand EXPENDITURE Totals: $4,299,655.00 $0.00 $3,742,209.17 $557,445.83 $4,060,071.69
Grand Totals: $0.00 $0.00 ($1,732,710.62) $1,732,710.62 ($45,844.58)
user: Karl Short Pages 4 of 4 Thursday. October 13, 2011 .
KODIAK ISLAND BOROUGH
SUMMARY OF BONDED DEBT SERVICE REQUIREMENTS TO MATURITY
June 30, 2011
Annual principal and interest requirements on General Obligation Refunding and Construction Bonds.
Year Principal Interest Total
2012 2,775,000 1,514,845 4,289,845
2013 2,880,000 1,404,807 4,284,807
2014 3,005,000 1,290,282 4,295,282
2015 1,620,000 1,169,432 2,789,432
2016 1,680,000 1,103,932 2,783,932
2017 1,745,000 1,035,462 • 2,780,462
2018 1,815,000 967,148 2,782,148
2019 1,890,000 892,618 2,782,618
2020 1,975,000 811,123 2,786,123
2021 2,055,000 724,499 2,779,499
2022 2,145,000 634,275 2,779,275
2023 2,250,000 533,955 2,783,955
2024 2,355,000 425,530 2,780,530
2025 1,775,000 399,448 2,174,448
2026 1,005,000 244,410 1,249,410
2027 1,050,000 195,863 1,245,863
2028 1,105,000 142,756 1,247,756
2029 535,000 86,869 621,869
2030 565,000 59,450 624,450
2031 595,000 30,494 625.494
$ 34,820,000 $ 13,667,196 $ 48,487,196
108
KODIAK ISLAND BOROUGH
GENERAL OBLIGATION BOND, 2004 SERIES C
RETIREMENT SCHEDULE
June 30, 2011
2004 C BOND ISSUE
This issue, dated July 7, 2004 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 2004 Series C Bond.
This issue was marketed by the Alaska Municipal Bond Bank. Legal opinion was rendered by bond council, Wohlfonh,
Vassar, Johnson & Brecht of Anchorage, Alaska. This bond was issued to fund planning, design, and construction of capital
improvements to the Larsen Bay School, Kodiak Middle School and Kodiak High School. The proceeds will also be used to
Interest due Principal due Interest due
Fiscal year Interest rate July 01 July 01 January 01 Total
2012 4.000% 147,636 400,000 147,636 695,272
2013 4.000% 139,136 415,000 139,136 693,272
2014 4.000% 130,836 435,000 130,836 696,672
2015 4.100% 122,136 450,000 122,136 694,272
2016 4.250% 113,136 470,000 113,136 696,272
2017 4.300% 103,501 485,000 103,501 692,002
2018 4.400% 93,194 510,000 93,194 696,388
2019 4.500% 82,229 530,000 82,229 694,458
2020 4.500% 70,569 555,000 70,569 696,138
2021 4.625% 58,082 580,000 58,082 696,164
2022 4.750% 45,032 605,000 45,032 695,064
2023 4.800% 31,041 635,000 31,041 697,082
2024 4.800% 15,960 665,000 15,960 696,920
$ 1,152,488 $ 6,735,000 $ 1,152,488 $ 9,039,976
Ill
KODIAK ISLAND BOROUGH
GENERAL OBLIGATION BOND, 2004 SERIES D
RETIREMENT SCHEDULE
June 30, 2011
2004 D BOND ISSUE
This issue, dated December 1, 2004, 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 2004 Series B
Bond. This issue was marketed by the Alaska Municipal Bond Bank. Legal opinion was rendered by bond council,
Wohlforth, Vassar, Johnson & Brecht of Anchorage, Alaska. This bond was issued to fund the acquisition and
construction of school capital improvements in the Borough, including a new school pool and the Kodiak High School
Voc Ed/Classroom reclamation.
Interest due Principal due Interest due May
Fiscal year Interest rate November 01 November 01 01 Total
2012 3.50% 189,863 475,000 181,550 846,413
2013 3.50% 181,550 490,000 172,975 844,525
2014 4.00% 172,975 510,000 162,775 845,750
2015 4.00% 162,775 530,000 152,175 844,950
2016 4.00% 152,175 550,000 141,175 843,350
2017 4.00% 141,175 570,000 129,775 840,950
2018 4.00% 129,775 595,000 117,875 842,650
2019 4.50% 117,875 620,000 103,925 841,800
2020 4.50% 103,925 650,000 89,300 843,225
2021 4.50% 89,300 675,000 74,113 838,413
2022 4.50% 74,113 705,000 58,250 837,363
2023 5.00% 58,250 740,000 39,750 838,000
2024 5.00% 39,750 775,000 20,375 835,125
2025 5.00% 109,180 815,000 - 924,180
$ 1,722,681 $ 8,700,000 $ 1,444,013 $ 11,866,694
112
KODIAK ISLAND BOROUGH
GENERAL OBLIGATION BOND, 2008 SERIES A
RETIREMENT SCHEDULE
June 30, 2011
2008 A BOND ISSUE
This issue, dated April 15, 2008, 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 2008 Series One
Bond. This issue was marketed by the Alaska Municipal Bond Bank. Legal opinion was rendered by bond council,
Birch, Horton, Bittner and Cherot of Anchorage, Alaska. This bond was issued to fund the acquisition and construction
of school capital improvements in the Borough, including a new school pool.
Fiscal year Interest rate October 01 April 01 April 01 Total
2012 5.00% 167,355 290,000 167,355 624,710
2013 5.00% 160,105 300,000 160,105 620,210
2014 5.00% 152,605 320,000 152,605 625,210
2015 5.00% 144,605 335,000 144,605 624,210
2016 5.00% 136,230 350,000 136,230 622,460
2017 4.00% 127,480 370,000 127,480 624,960
2018 4.00% 120,080 380,000 120,080 620,160
2019 4.00% 112,480 400,000 112,480 624,960
2020 4.25% 104,480 415,000 104,480 623,960
2021 4.25% 95,661 430,000 95,661 621,322
2022 4.38% 86,524 450,000 86,524 623,048
2023 4.50% 76,680 470,000 76,680 623,360
2024 4.70% 66,105 490,000 66,105 622,210
2025 4.80% 54,590 515,000 54,590 624,180
2026 4.90% 42,230 540,000 42,230 624,460
2027 5.00% 29,000 565,000 29,000 623,000
2028 5.00% 14,875 595,000 14,875 624,750
$ 1,691,085 $ 7,215,000 $ 1,691,085 $ 10,597,170
113
KODIAK ISLAND BOROUGH
GENERAL OBLIGATION BOND, 2011 SERIES A
RETIREMENT SCHEDULE
June 30, 2011
2011 BOND ISSUE
This is the first issue ($8,000,000) of the $76,640,000 High School bond.
Interest clue Principal due Interest due
Fiscal year Interest rate August 1 February 1 February 1 Total
2012 0.70% $ 173,325 $ 275,000 $ 173,325 $ 621,650
2013 1.10% 169,200 285,000 169,200 623,400
2014 1.53% 164,925 295,000 164,925 624,850
2015 2.05% 160,500 305,000 160,500 626,000
2016 2.36% 155,925 310,000 155,925 621,850
2017 2.75% 151,275 320,000 151,275 622,550
2018 3.12% 146,475 330,000 146,475 622,950
2019 3.45% 140,700 340,000 140,700 621,400
2020 3.70% 133,900 355,000 133,900 622,800
2021 3.93% 126,800 370,000 126,800 623,600
2022 4.80% 119,400 385,000 119,400 623,800
2023 4.80% 110,256 405,000 110,256 625,513
2024 4.80% 100,638 425,000 100,638 626,275
2025 4.80% 90,544 445,000 90,544 626,088
2026 4.80% 79,975 465,000 79,975 624,950
2027 5.20% 68,931 485,000 68,931 622,863
2028 5.20% 56,503 510,000 56,503 623,006
2029 5.20% 43,434 535,000 43,434 621,869
2030 5.20% 29,725 565,000 29,725 624,450
2031 5.20% 15,247 595,000 15,247 625,494
$ 2,237,678 $ 8,000,000 $ 2,237,678 $ 12,475,356
114
PiperJaffray
BOND DEBT SERVICE
Alaska Municipal Bond Bank
General Obligation Bonds, 2012 Series
(Kodiak Island Borough)
Period Debt
Ending Principal Coupon Interest Service
02/01/2013 655,000 4.000% 1,292,600 1,947,600
02/01/2014 680,000 5.000% 1,266,400 1,946,400
02/01/2015 715,000 6.000% 1,232,400 1,947,400
02/01/2016 760,000 5.000% 1,189,500 1,949,500
02/01/2017 795,000 6.000% 1,151,500 1,946,500
02/01/2018 845,000 6.000% 1,103,800 1,948,800
02/01/2019 895,000 6.000% 1,053,100 1,948,100
02/01/2020 950,000 5.000% 999,400 1,949,400
02/01/2021 995,000 6.000% 951,900 1,946,900
02/01/2022 1,055,000 6.000% 892,200 1,947,200
02/01/2023 1,120,000 6.000% 828,900 1,948,900
02/01/2024 1,185,000 6.000% 761,700 1,946,700
02/01/2025 1,255,000 5.000% 690,600 1,945,600
02/01/2026 1,320,000 5.000% 627,850 1,947,850
02/01/2027 1,385,000 5.000% 561,850 1,946,850
02/01/2028 1,455,000 6.000% 492,600 1,947,600
02101/2029 1,545,000 6.000% 405,300 1,950,300
02/01/2030 1,635,000 6.000% 312,600 1,947,600
02/01/2031 1,735,000 6.000% 214,500 1,949,500
02/01/2032 1,840,000 6.000% 110,400 1,950,400
22,820,000 16,139,100 38,959,100
Oct 10, 2011 11:08 am Prepared by Piper Jaffray & Co. (Finance 6.021 Alaska Municipal Bond Bank (Kodiak Isl...:2011ANAL- 10102011) Page 4
KODIAK ISLAND BOROUGH
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