CAFR FY1973KODIAK ISLAND BOROUGH
REPORT ON EXAMINATION
YEAR ENDED JUNE 30, 1973
u
MAIN I.AF$ E NT Z &- Co.
ANCHOEAoF -, ALASKA
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KODIAK ISLAND BOROUGH
TABLE OF CONTENTS
Accountants' report
Exhibit
Combined balance sheet, various funds A
General Fund
Balance sheet B
Statement of changes in fund balance C
Statement of actual and estimated revenues D
Statement of actual and estimated expenditures E
Kodiak Aleutian Mental Health Center
Balance sheet F
Statement of changes in fund balance G
Statement of revenues H
Statement of expenditures
Fire District Fund
Balance sheet J
Statement of actual and estimated revenues and
expenditures and changes in fund balance K
Land Sales Fund
Balance sheet L
Statement of revenues, expenditures and changes
in fund balance M
School District - General Fund
Balance sheet N
Statement of changes in fund balance O
Statement of actual and estimated revenues P
Statement of actual and estimated expenditures Q
School Lunch Fund
Balance sheet R
Statement of changes in fund balance S
Statement of revenues T
Statement of expenditures U
Student Activity Funds
Balance sheet V
Statement of revenues, expenditures, transfers,
and changes in fund balance (deficit) W
1
MAIN L F R E NT Z 8c CO.
CERTIFIED PUBLIC ACCOUNTANTS
H
Members of the Borough Assembly
Members of the School Board
Kodiak Island Borough
509 WEST THIRD AVENUE
ANCHOEAoF, ALASKA 99501
907- 272 -8541
t
OFFICES OR ASSOCIATED FIRMS
U. S.A.,CANADA, MEXICO, SOUTH AMERICA
GREAT BRITAIN, EUROPE, MIDDLE EAST
AUSTRALIA, AFRICA
Anchorage, Alaska
August 11, 1973
l � _
We have examined the balance sheets of the various funds of the Kodiak
Island Borough as of June 30, 1973, and the related statements of operations
for the year then ended. Our examination was made in accordance with generally
accepted auditing standards, and accordingly included such tests of the accounting
'
records and such other auditing procedures as we considered necessary in the
circumstances.
Records of general fixed assets have not been maintained in a manner
as to permit verification. Our examination was limited to expenditures for
capital outlays 7 in the current year.
In our opinion, except as indicated in the preceding paragraph, the
accompanying financial statements present fairly the financial position of the
various funds of the Kodiak Island Borough, at June 30, 1973, and the results
of its operations for the year then ended in conformity with generally accepted
accounting principles applied on a basis consistent in all material respects with
'
that of the preceding year.
t
OFFICES OR ASSOCIATED FIRMS
U. S.A.,CANADA, MEXICO, SOUTH AMERICA
GREAT BRITAIN, EUROPE, MIDDLE EAST
AUSTRALIA, AFRICA
Anchorage, Alaska
August 11, 1973
l � _
KODIAK ISLAND BOROUGH
COMBINED BALANCE SHEET, VARIOUS FUNDS
JUNE 30, 1973
Cash, including temporary cash
investments
Receivables
Property taxes, net
Notes receivable from land
sales
State of Alaska
Federal Government
Advances to hospital
Other receivables, net
Due from other funds
Other assets
Amount available for retirement
of term bonds
Amount to be provided for
retirement of bonds
ASSETS
Mental Fire Land
General health district sales
fund center fund fund
$ 443,885 $ 13,642 $ - -- 250,225
75,848 - - -
301,430
- 12,725 - 54
5,410 - - -
20,000 - - -
2,512 6 - 9
103,770 19, 081 - =
2,733 - 12,234 3,124
14,025 - -
$550,388 $ 46,74 $ 12 $ 619,160
The accompanying notes are an integral
part of these financial statements.
Exhibit A
School
School
Student
Tobacco
Capital
district
lunch
activity
tax
projects
general fund
fund
fund
fund
funds
Debt
General
service
long -term
fund
debt
$ 226,354 $ 14,248 $ 16,219 $ 145 $ 1,894,082 $ 105,000 $ -
211,519
3,375 -
- - - -
10,000
4,560 -
- 1,600 - -
46,321
- -
- 20,781 2 -
7,935 -
- 22,381 2,733 -
88,554
- -
- 42,502 30,252 -
-
6,047 -
- - - -
_
- -
- - - 105,000
- - - - - - 5,095,000
$ 582,748 $ 28,230 $ 16,219 $ 145 $ 1,958,965 $ 137,985 $ 5,200,000
KODIAK ISLAND BOROUGH
COMBINED BALANCE SHEET, VARIOUS FUNDS
JUNE 30, 1973
LIABILITIES, RESERVES, AND FUND BALANCES
Mental Fire Land
General health district sales
fund center fund fund
Liabilities
Accounts payable
Payroll taxes and retirement
withheld and accrued
Due to City of Kodiak
Revenue collected in advance
Due to other funds
Bonds payable
Total liabilities
Reserves
Reserve
Reserve
Reserve
Reserve
expens
Reserve
for encumbrances
for hospital operations
for working capital
for survey and appraisal
e
for municipal building
Total reserved
Fund balances
Invested in fixed assets
Restricted
Unrestricted
Total fund balances
$ 10,433 $ 4,562 $
2,065 3,329 - -
35,258 - -
120,026 535 - -
167,782 8,426 - -
30,000 - - -
30,000 - - -
53,690
- - - 86,000
60,000 - - 139
- 14,025 - -
29 - 12 -
293,357 24,297 - 479,470
3 22,606 38,322 _1 479,470
$ 550,388 $ 46,748 $ 12,234 $ 619,160
The accompanying notes are an integral
part of these financial statements.
ci`,
Exhibit A
Continued
School
School
district
lunch
general fund
fund
$ 59
$ -
194,303
2
15,580
10,273
269
12,499
Student Tobacco Capital
Debt
General
activity tax projects
service
long -term
fund fund funds
fund
debt
- - 30,252
2,733
-
- - -
-
5,200,000
- - 30,252
2,733
5,200,000
90,031 11,225 - - - - -
90,031 11 - - - - -
101,829 4,506 16 145 1 135,252 -
121,594 - - - - -
223,423 4,506 16,219 145 1,928,713 135,252 -
$$ 58�2�748 $ 228,230 $ 16,219 $ 145 $ 1,958,965 $ 137,985 $ 5,200,000
KODIAK ISLAND BOROUGH
GENERAL FUND
BALANCE SHEET
JUNE 30, 1973
ASSETS
Cash
Unrestricted
Restricted for hospital operations (Note 1)
Total cash
Receivables.
Property taxes
Real
Persona I
Less allowance for uncollectible taxes
Net property taxes receivable
Advances to hospital
Due from federal government
Accrued interest receivable
Net receivables
Due, from Debt Service Fund
$ 67,088
17,760
84,848
9,000
75,848
20,000
5,410
2,512
$ 413,885
30,000
443,885
103,770
2,733
$ 550,388
The accompanying notes are an integral
part of these financial statements.
LIABILITIES, RESERVES, AND FUND BALANCE
Liabilities
Accounts payable
Payroll taxes accrued and withheld
Due to City of Kodiak (Note 3)
Due to other funds
Fire District Fund $ 12,234
Land Sales Fund 3,124
Capital Projects Fund 26
School District General Fund 77,746
Total due to other funds
Total liabilities
Reserves
Reserve for hospital operations (Note 1) $ 30,000
Reserve for working capital 30,000
Total reserves
Fund, balance
Restricted $ 29,249
Unrestricted 293
Total fund balance
Exhibit B
$ 10,433
2,065
35,258
120,026
167,782
60,000
322,606
$ 550,388
Exhibit D
KODIAK ISLAND BOROUGH
GENERAL FUND
STATEMENT OF ACTUAL AND ESTIMATED REVENUES
YEAR ENDED JUNE 30, 1973
Property taxes
Real and personal
Payments in lieu of taxes
Penalties and interest on taxes
Licenses and permits
Building and trailer permits
Subdivision fees
Revenues from use of money and property
Interest
Rent from leased land
Forestry
Miscellaneous reimbursement of costs
Revenues from State of Alaska
Local service roads
Raw f ish tax
Business license refund
Electric co- operative tax refund
Amusement and gaming device refund
Shared revenues
Hospital
Land use planning
Health facilities
Revenues from Federal sources
Revenue sharing
Actual
over (under)
Estimated Actual estimated
$ 336,000 $ 360,550 $ 24,550
2,000
677
(1,323
338,000
361,227
23,227
5,000
5,870
87 0
1,300
2,963
1,663
400
1,444
1,044
1
4
2,707
7,000
5,068
(1,932)
7,000
12,351
5,351
1,500
2,991
1
2,500
3
952
18,000
23,862
5,862
92,000
25,153
(66,847)
85,000
72,816
(12,184)
9,000
13,672
4,672
5,000
5,020
20
150
72
(78)
45,000
24
(20,571)
12,714
12,428
(286)
7,500
13
5
256,364
166
(89,426
2 3,377
29,249
5,872
Exhibit C
KODIAK ISLAND BOROUGH
GENERAL FUND
STATEMENT OF CHANGES IN FUND BALANCE
YEAR ENDED JUNE 30, 1973
The accompanying notes are an integral
part of these financial statements.
Restricted -
Federa I
Revenue
Total
Unrestricted
Sharing
Balance, July 1, 1972
$ 159
$ 159,126
$ -
Add
Revenues
697,347
668,098
29
Transfer from reserve for working
capital
70,000
70,000
-
767,347
738,098
29,249
Deduct - Expenditures
603,867
603,867
-
Balance, June 30, 1973
$ 322,606
$ 293,357
$ 29,249
The accompanying notes are an integral
part of these financial statements.
Exhibit D
Continued
KODIAK ISLAND BOROUGH
GENERAL FUND
STATEMENT OF ACTUAL AND ESTIMATED REVENUES
YEAR ENDED JUNE 30, 1973
Contributions of interest income from
other funds
Capital Projects Fund
Debt Service Fund
Actual
over (under)
Estimated Actual estimated
$ 15,000 $ 99 $ 84,711
4,500 6,083 1,583
19,500 105,794 86,294
$ 661,941 $ 697,347 $ 35,406
The accompanying notes are an integral
part of these financial statements.
1
KODIAK ISLAND BOROUGH
GENERAL FUND
STATEMENT OF ACTUAL AND ESTIMATED EXPENDITURES
YEAR . ENDED JUNE 30, 1973
Borough assembly
Assemblymen travel
Assembly compensation
' Legal department
Borough attorney
Court costs
' Litigation allowance
Additional attorney fees
Capital expenditures
Furniture and fixtures
Office machines
Other capital improvements
Contribution to Capital Projects Fund
L
Estimated
$ 2,000
1,800
3,800
4,200
500
2,000
3,000
9,700
Actual
$ 155
420
575
8,228
242
400
1,711
10 581
General government operation
Salaries
Chairman
Clerk- treasurer
Secretary
Cashier- bookkeeper
Clerk- typist
Extra help
Chairman /manager expense
Employment security taxes
Social security taxes
Insurance and bonding
Group insurance
Professional development training
Publication and dues
Publication of hearings
1,500
2,000
4,000
80,144
87,644
600
16,250
9,000
7,704
6,500
1,800
750
2,000
3,000
2,100
2,125
150
3,000
1,700
66
530
80,144
80,740
13,020
6,002
7
6,085
259
180
985
3,138
1,911
1,201
146
2,384
1,973
Exhibit E
Actual
over (under)
estimated
$ (1,845)
(1,380
(3,225
4,028
(258)
(1,600)
(1,289)
:s
(1,434)
(1,470)
(4,000)
(6,904
(600)
(3,230)
(2,998)
264
(415)
(1,541)
(570)
(1,015)
138
(189)
(924)
(4)
(616)
273
2]
1
KODIAK ISLAND BOROUGH
GENERAL FUND
STATEMENT OF ACTUAL AND ESTIMATED EXPENDITURES
YEAR ENDED JUNE 30, 1973
Exhibit E
Continued
Actual
over (under)
Estimated Actual estimated
Postage
$ 1,700
$ 1,634
$ (66)
Maps and books
800
859
59
Office supplies
2,500
4,075
1,575
Office rental
8,250
8,205
(45)
Utilities
300
233
(67)
Telephone and telegraph
2,000
1,320
(680)
Repair and maintenance of machines
1,300
1,293
(7)
Equipment rental
150
126
(24)
Transportation and travel
750
-
(750)
Vehicle operation and maintenance
500
16
(484)
Post audit
6,900
6
-
Elections
3,500
3,025
(475)
Provision for uncollectible taxes
-
3
3,669
Contracted services
16
4,700
(11,900
101,929
81,307
(20,622
Contingencies
134
134
-
Assessment department
Assessor
14,870
13
(1,702)
Assessment clerk'
8,860
7,182
(1,678)
Assessment appraiser and clerical
4,000
455
(3,545)
Professional development and training
350
-
(350)
Marine surveyor
400
62
(338)
Advertisements
1,000
310
(690)
Printed matter and forms
1,500
958
(542)
Subscriptions and books
250
225
(25)
Miscellaneous office supplies and maps
300
941
641
Repair and maintenance of machines
200
-
(200)
Transportation and travel
500
4
(496)
Rental - vehicle and aircraft
500
776
276
Telephone and telegraph
150
43
(107
32,880
24,124
(8,756
1
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1
Exhibit E
Continued
KODIAK ISLAND BOROUGH
GENERAL FUND
STATEMENT OF ACTUAL AND ESTIMATED EXPENDITURES
YEAR ENDED JUNE 30, 1973
Planning and zoning commission
Engineering services
Planner - building inspector
Building inspector salary overhead
Contractual services
Commission meetings
Advertising
Snow removal
Local road service
Support of Kodiak IslanO schools
Debt service fund contributions
Principal
Interest
Health and sanitation
Hospital insurance
Health expenses
Support of health center
Comprehensive health board expenses
Hospital bond fiscal agency fees
Health support
Support of Halfway House
Actual
over (under)
Estimated Actual estimated
$ 3,000
$ 2,144
$ (856)
7,200
11,173
3
300
-
(300)
20,398
8,712
(11,686)
300
-
(300)
350
757
407
2,000
2,000
-
92,000
25,503
(66,497
125,548
50,289
(75,259
310,000 310,000
15 15,000 -
14,625 14,625 -
29,625 29 -
6
6,849
499
250
373
123
1,000
886
(114)
300
86
(214)
200
153
(47)
6,000
6
145
2
2,000
-
16,100
_
16
392
$ 717 $ 603,867 $(113,493
The accompanying notes are an integral
part of these financial statements.
Exhibit F
1
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1
KODIAK ISLAND BOROUGH
KODIAK ALEUTIAN MENTAL HEALTH CENTER
BALANCE SHEET
JUNE 30 1973
ASSETS
Cash
Receivables
Patients
Less allowance for uncollectible accounts
Net patients' receivables
State of Alaska
Employee
Net receivables
Furniture and equipment, at cost
LIABILITIES AND FUND BALANCE
Liabilities
Accounts payable
Payroll taxes accrued and withheld
Due School District General Fund
Total liabilities
Fund balance
Invested in fixed assets
Unappropriated
$ 8,386
3,030
5,356
12,725
1,000
$ 14,025
2 4, 297
The accompanying notes are an integral
part of these financial statements.
$ 13,642
19,081
14,025
$ 46,748
$ 4,562
3,329
535
8,426
38,322
$ 46,748
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Exhibit H
KODIAK ISLAND BOROUGH
KODIAK ALEUTIAN MENTAL HEALTH CENTER
STATEMENT OF REVENUES
YEAR ENDED JUNE 30, 1973
Revenues from local sources
Kodiak Island Borough $ 6,000
Fees for services 27,977
O ther 5,933
39,910
Revenues from state sources
Contract for community mental health services $ 50,900
Drug abuse prevention program 1,000 51,900
Revenues from federal sources
Received through the state social services
contracts under Title IV and XVI, Social
Security Act 19,117
Revenues from federal sources received directly
Staffing grant (P.O. 91 -211) 49
$ 160,087
The accompanying notes are an integral
part of these financial statements.
1
KODIAK ISLAND BOROUGH
KODIAK ALEUTIAN MENTAL HEALTH CENTER
STATEMENT OF EXPENDITURES
YEAR ENDED JUNE 30, 1973
Employee workshop and seminar expenses
The accompanying notes are an integral
9
part of these financial statements.
Exhibit I
$ 15,250
500
9,336
380
24,400
600
4,612
9
7,636
7,456
5,712
1,500
819
3,058
128
90,814
6,837
348
1,450
1,159
8,400
2,571
456
294
1,199
8,581
3,560
1,339
3,716
7, 791
684
1,292
1,000
334
214
51,225
$ 142,039
Salaries and contractual services
Administrative assistant
Mental Health Aid 4 1
'
Mental Health Aid 0 2
Psychiatrist
'
Psychologist
Psychologist consultant
Typist - part time
Secretary
Social worker
Community aide
Village coordinator
' Village
aide
'
Psychiatric social worker
Relocation and interview expense - psychiatric social worker
'
Miscellaneous labor
Employee workshop and seminar expenses
The accompanying notes are an integral
9
part of these financial statements.
Exhibit I
$ 15,250
500
9,336
380
24,400
600
4,612
9
7,636
7,456
5,712
1,500
819
3,058
128
90,814
6,837
348
1,450
1,159
8,400
2,571
456
294
1,199
8,581
3,560
1,339
3,716
7, 791
684
1,292
1,000
334
214
51,225
$ 142,039
Other expenses
Payroll taxes
Equipment rental
Group insurance
Insurance and bonding
Off ice rent
'
Office supplies and expense
Postage
Printed matter and forms
Publications and dues
Staff training and travel
Telephone and telegraph
Tutorial aid program
Uncollectible revenue
Furniture and equipment
Miscellaneous
'
Day Care Program
Drug Abuse Prevention Progrcm
Accounting system design
Employee workshop and seminar expenses
The accompanying notes are an integral
9
part of these financial statements.
Exhibit I
$ 15,250
500
9,336
380
24,400
600
4,612
9
7,636
7,456
5,712
1,500
819
3,058
128
90,814
6,837
348
1,450
1,159
8,400
2,571
456
294
1,199
8,581
3,560
1,339
3,716
7, 791
684
1,292
1,000
334
214
51,225
$ 142,039
1
1
1
1
1
Exhibit J
KODIAK ISLAND BOROUGH
FIRE DISTRICT FUND
BALANCE SHEET
JUNE 30, 1973
ASSETS
Due from General Fund $ 12
LIABILITIES AND FUND BALANCE
Fund balance $ 12,234
The accompanying notes are an integral
part of these financial statements.
t
1
Exhibit K
KODIAK ISLAND BOROUGH
FIRE DISTRICT FUND
STATEMENT OF ACTUAL AND ESTIMATED REVENUES AND
EXPENDITURES AND CHANGES IN FUND BALANCE
YEAR ENDED JUNE 30, 1973
Actual
over (under)
Estimated Actual estimated
Fund balance, July 1, 1972 $ 19
Add revenues
Real and personal property taxes $ 7,700 8,902 $ 1 , 202
State revenue sharing 7,300 7,132 (168
15,000 16 1,034
Deduct contractual fire services 21,000 23,108 2,108
Excess of expenditures over
revenue $ 6 7,074 $ 1,074
Fund balance, June 30, 1973 $ 12,234
The accompanying notes are an integral
part of these financial statements.
1
1
1
1
1
1
1
1
1
KODIAK ISLAND BOROUGH
LAND SALES FUND
BALANCE SHEET
JUNE 30, 1973
ASSETS
Cash, including $210,000 certificates of deposit
Notes receivable from land sales
Due from State of Alaska
Due from Community College
Due from General fund
Accrued interest receivable
RESERVES AND FUND BALANCE
Reserves
Reserve for survey and appraisal expense
Reserve for municipal building
Total reserves
Fund balance
The accompanying notes are an integral
part of these financial statements,
Exhibit L
$ 250,225
301,430
54,980
7,000
3,124
2,401
$ 619,160
$ 53,690
86,000
139,690
479,470
$ 619,160
11
Exhibit M
KODIAK ISLAND BOROUGH
LAND SALES FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
YEAR ENDED JUNE 30, 1973
Balance, July 1, 1972 $ 53,745
Add revenues
Collections by State of Alaska for sales and leases
of Borough properties $ 77,769
Sales by Borough of land 380,211
Interest income 5,727 463
517,452
Deduct
Land sales expenses $ 10,982
Contribution to City of Kodiak for Baranof
Playground 27,000 37,982
Balance, June 30, 1973 $ 479,470
The accompanying notes are an integral
part of these financial statements.
Exhibit N
KODIAK ISLAND BCROUGH
SCHOOL DISTRICT - GENERAL FUND
BALANCE SHEET
JUNE 30, 1973
ASSETS
Cash
Accounts receivable
State of Alaska $ 211,519
Federal Government - Public Law 874 10,000
Other 46,321
Total accounts receivable
Due from Kodiak Aleutian Mental Health Center
Due from School Lunch Fund
Due from Kodiak Island Borough General Fund
LIABILITIES, RESERVES, AND FUND BALANCE
Liabilities
Accounts payable
Payroll taxes and retirement, withheld and accrued
Due to Capital Projects Fund
Total liabilities
Reserve for encumbrances
Fund balance
Restricted
Unrestricted
Total fund balance
$ 101,829
121,594
$ 226,354
267,840
535
10,273
77,746
$ 582,748
$ 59,411
194,303
15,580
269,294
90,031
223,423
$ 582,748
The accompanying notes are an integral
part of these financial statements.
KODIAK ISLAND BOROUGH
SCHOOL DISTRICT - GENERAL FUND
STATEMENT OF CHANGES IN FUND BALANCE
YEAR ENDED JUNE 30, 1973
Unrestricted
Restricted
ESEA Title I
Perceptual Handicaps
Individualized follow -up
Sesame Street
Old Harbor Secondary Individualization
Reading Progress
District
Mission
ESEA Title II
Special purpose
Basic
ESEA Title III
Special learning
Mini Intertidal
Mini Surveying
ESEA Title IV -A
Early Childhood
ESEA Title V
Teachers Aide Training
ESEA Title VI
Mini Grant 1971 -72
Mini Grant 1972 -73
Johnson O'Malley
Travel
Reading Specialist
State of Alaska - Vocational Education
Career Education and Awareness
Electronics
Balance
July 1
1972
$ 26,924
3,957
3,688
1,030
485
Prior
year
adjustments
$ 3,258
(3,957)
(3,688)
(1,030)
(485)
432
11
176
739
Public Employment Program -
Main School Renovation -
Total restricted 10,518
$ 37,442
The accompanying notes are an integral -
part of these financial statements.
(9,171
$ (5,913
Exhibit O
Balance'
Balance
after prior
June 30
year adjustments Revenues Expenditures
1973
$ 30,182 $ 3,988,383 $ 3,896,971
$ 1.21,594
-
5,578
5,578
-
-
3,795
3,519
276
-
6,172
5, 91 5 50
257
432
-
51
381
-
2
2,250
-
-
102,190
102,190
-
-
1,159
1,159
-
-
965
965
-
-
66,784
66,784
-
-
15,926
15,926
-
-
270
270
-
176
-
-
176
-
16,000
16,000
-
-
5,096
5,096
-
739
-
-
739
-
57,116
57,116
-
-
100,000
-
-
1,347
383,301
282,819
101,819
$ 31,529
$ 4 (a)
$ 4,179,790 (a)
$ 223,423
(a) Includes transfer
of $100,000 from
unrestricted fund balance
to Main School
Renovation Fund.
Exhibit P
KODIAK ISLAND BOROUGH
SCHOOL DISTRICT - GENERAL FUND
STATEMENT OF ACTUAL AND ESTIMATED REVENUES
YEAR ENDED JUNE 30, 1973
Actual
over (under)
Estimated
Actual
estimated
Revenues from local sources
Kodiak Island Borough
$ 310,000
$ 310,000
$ -
Tuition - Community College
5,000
11,483
6,483
Rental of facilities
4,500
4
-
Contributions to Project FISH
2,500
2
-
Other
-
2
2,135
322,000
330,618
8,618
Revenue from State sources
Foundation program
3,007,008
3,024,335
17,327
Tuition
149,330
178
29
Transportation
121,050
129
8
Vocational education reimbursement
24,710
24
(364)
Revenue sharing (mini 874)
27,878
27,786
(92)
Debt service reimbursement
8,462
8,462
-
State Sabbatical program
6
6
-
Civil Defense contract
600
600
-
3,345,422
3,399,684
54,262
Revenues from Federal sources
received through the State
Elementary - secondary Education
Act
Title 1
16,139
15,546
(593)
Title II
2,250
2
-
Title III
111,153
104
(6,839)
Title IV -A
66,784
66
-
Title V
17,000
15,926
(1,074)
Title VI
493
270
(223)
Public Employment Program
-
57,116
57,116
Johnson - O'Malley funds
Communication skills
16,000
16,000
-
General
53,000
53,000
-
282,819
331,206
48,387
Revenues from Federal sources
received directly
Federal impact assistance (Public
Law 874)
49,841
142, 749
92, 908
Exhibit P
Continued
KODIAK ISLAND BOROUGH
SCHOOL DISTRICT - GENERAL FUND
STATEMENT OF ACTUAL AND ESTIMATED REVENUES
YEAR ENDED JUNE 30, 1973
Estimated
Contribution from Tobacco Tax Fund
for debt service
$ 67,427
$ 4
Actual
$ 67,427
$ 4,271,684
Actual
over (under)
estimated
$ 204,175
The accompanying notes are an integral
part of these financial statements.
Exhibit Q
KODIAK ISLAND BOROUGH
SCHOOL DISTRICT - GENERAL FUND
STATEMENT OF ACTUAL AND ESTIMATED EXPENDITURES
YEAR ENDED JUNE 30 1973
Administration
Salaries
Superintendent and assistant
Secretarial and clerical
Office of Business Administration
Contracted services
Other administrative expenses
School Board
Association fees
Travel
Printing and publishing
Other
Superintendent
Travel
Printing and publishing
Other
Office of Business Administration
Travel
Printing and publishing
Other
. Equipment rental
Total administration
Actual
over (under)
Estimated Actual estimated
$ 22 $
22,920
$ -
14,952
11,857
(3,095)
41,773
42
619
79
77,169
(2,476
1,000
935
(65
3,650
3,294
(356)
3,290
2
(665)
400
830
430
1,000
1
13
2, 539
2, 023
(516)
630
52
(578)
600
604
4
350
350
-
4,000
4,011
11
3,226
3,506
280
970
1,231
261
20
19,539
(1,116
101,300
97,643
(3,657
Exhibit Q
Continued
KODIAK ISLAND BOROUGH
SCHOOL DISTRICT - GENERAL FUND
STATEMENT OF ACTUAL AND ESTIMATED EXPENDITURES
YEAR ENDED JUNE 30, 1973
Actual
over (under)
Estimated Actual estimated
Instruction
15,674 125
Travel 1
1,508 158
Salaries
1,851 71
Total attendance 18,679
19 354
Principals
$ 129,011
$ 128,880
$ (131)
Supervisors and consultants
40,978
35,296
(5,682)
Teachers
Regular classroom
1, 551, 076
1,556,457
5,381
Special education
164,814
166
1,851
Substitute
36,720
40,451
3,731
Extra - curricular
9,323
12
3,585
Sabbatical leave
13,524
13,524
-
Speech and hearing
27,775
27
10
Remedial reading
53,880
53,574
(306)
Librarian and medical center
director
65,255
65,466
211
Guidance
68
68,354
206
Secretarial and clerical
52,178
51,561
(617)
Teacher aides
97,874
101,289
3,415
Textbooks
22
22
442
Library and audio visual
Library books
16,889
14
(2,234)
Periodicals and newspapers
2,162
1
(221)
Audio visual materials
12,036
10,056
(1,980)
Other library
4
3,841
(583)
Teaching supplies
81
79
(1,952)
Other supplies
2,637
4,700
2,063
Travel
7
6,818
(671)
Project FISH
22
23,613
1,613
Miscellaneous
21
19
(2,168
Total instruction
2,503,571
2
5,963
Attendance
Salaries 15,549
15,674 125
Travel 1
1,508 158
Other 1,780
1,851 71
Total attendance 18,679
19 354
Exhibit O
Continued
KODIAK ISLAND BOROUGH
SCHOOL DISTRICT - GENERAL FUND
STATEMENT OF ACTUAL AND ESTIMATED EXPENDITURES
YEAR ENDED JUNE 30, 1973
Operation of plant
Salaries
127,206
123,184
Actual
Contractual services
1,335
1,186
over (under)
Heat for buildings
Estimated
Actual
estimated
Health services
53,160
50,801
(2,359)
Salaries
$ 16
$ 20,311
$ 3,935
Supplies
1,000
807
(193)
Travel
100
231
131
Equipment
-
187
187
Physical examinations
1,750
677
(1,073
Total health services
19,226
22
2,987
Pupil transportation
Contractual services
126,775
131,145
4,370
Operation of plant
Salaries
127,206
123,184
(4,022)
Contractual services
1,335
1,186
(149)
Heat for buildings
79,777
82,927
3
Electricity
53,160
50,801
(2,359)
Other utilities
3,000
2,542
(458)
Telephone
10,380
10
(91)
Custodial supplies
16
26,188
9,959
Operation of vehicles
1,980
3,009
1,029
Other
3,124
1
(1,337
Total operation of plant
296
301,913
5,722
Maintenance of plant
Salaries
81,542
76,042
(5, 500)
Contractual services, building repair
4,400
3,392
(1,008)
Contractual services, equipment repair
16,150
17,458
1,308
Replacement of instructional equipment
20,965
21,014
49
Replacement of non - instructional
equipment
10,071
5,440
(4,631)
Building repair materials
41,910
56
15,054
Equipment repair materials
5,600
4
(1,315)
Building remodeling - Id Harbor
5,000
4
(4)
Other
6,000
9
3
Total mainte .r: - of plant
191,638
199,053
71415
Exhibit Q
Continued
KODIAK ISLAND BOROUGH
SCHOOL DISTRICT - GENERAL FUND
STATEMENT OF ACTUAL AND ESTIMATED EXPENDITURES
YEAR ENDED JUNE 30, 1973
Actual
over (under)
Estimated Actual estimated
Fixed charges
Teachers' retirement matching
$ 108,655
$ 109,901
$ 1,246
Social security matching
26,834
26,994
160
Insurance
Property
30,650
28,281
(2,369)
Employee
57,121
52
(5,084)
Liability
700
563
(137)
Fidelity bond
982
982
-
Rental of buildings
4,300
2
-(2,050
Total fixed charges
229,242
__- 291
(8,234
Capital outlay
Sites
650
597
(53)
Building remodeling
100,150
1,167
(98,983)
New equipment
67,563
71
4,145
Total capital outlay
168,363
73
(94,891
Debt service
Debt service fund contributions
Principal
45,000
45,000
-
Interest
44,350
44
-
Fiscal agent's fee
286
272
(14
Total debt service
89,636
89
(14
Exhibit 4
Continued
KODIAK ISLAND BOROUGH
SCHOOL DISTRICT - GENERAL FUND
STATEMENT OF ACTUAL AND ESTIMATED EXPENDITURES
YEAR ENDED JUNE 30 1973
The accompanying notes are an integral
part of these financial statements.
Actual
over (under)
Estimated
Actual
estimated
Supplemental instruction
ESEA Title I
Reading
$ 6,172
$ 5,727
$ (445)
Mission
6,172
5,915
(257)
District
3,795
3
(276)
Old Harbor
-
261
261
ESEA Title li
Basic
2. 250
2
13
Special purpose
-
52
52
ESEA Title III
Basic
109
102
(6,759)
Mini grant - intertidal
1,159
1
53
Mini grant - surveying
994
965
(29)
ESEA Title IV A, early childhood
66
106
39
ESEA Title V A
17,000
15,926
(1,074)
ESEA Title VI mini grant
493
270
(223)
Johnson O'Malley, reading specialist
16,000
16,000
-
State career awareness and education
5,460
5,096
(364
235,279
266,041
30,762
Other expenditures
Contribution to School Lunch Fund
15,000
1.7,668
2,668
Contributions to Student Activity
Funds
23,982
23,856
(126)
Community services
48
45,362
(3,266)
Public Employment Program
-
62,227
62
87,610
149,113
61,503
$ 4,067,510
$ 4,079,790
$ 12
The accompanying notes are an integral
part of these financial statements.
Exhibit R
KODIAK ISLAND BOROUGH
SCHOOL LUNCH FUND
BALANCE SHEET
JUNE 30, 1973
ASSETS
Cash
Receivables
Inventory, at estimated cost
LIABILITIES AND FUND BALANCE
Payroll taxes accrued and withheld
Due to School District General Fund
Total liabilities
Reserve for encumbrances
Fund balance
Restricted
Unrestricted
$ 4,506
$ 14,248
7,935
6,047
$ 28,230
a --
$ 2,226
10,273
12,499
11,225
4,506
$ 28,230
The accompanying notes are an integral
part of these financial statements.
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Exhibit S
KODIAK ISLAND BOROUGH
SCHOOL LUNCH FUND
STATEMENT OF CHANGES IN FUND BALANCE
YEAR ENDED JUNE 30, 1973
Balance, July 1, 1972
Add
Revenues
Transfer from unrestricted fund
balance
Deduct
Expenditures
Transfer to restricted fund balance
Prior year adjustments
Balance, June 30, 1973
Total Unrestricted Restricted
$ 1,600 $ - $ 1
120,838 117,463 3
1,131 - 1,131
121,969 117 4
113,319 113,319 -
1 1 -
4,613 3,013 1
119 117 1,600
$ 4,506 $ 4,506
The accompanying notes are an integral
part of these financial statements.
1
1
1
1
1
1
1
1
1
1
1
1
1
KODIAK ISLAND BOROUGH
SCHOOL LUNCH FUND
STATEMENT OF REVENUES
YEAR ENDED JUNE 30, 1973
Food sales
Food commodities donated by Federal government
Contribution from Federal government for food
expenditures
Contribution from the State of Alaska for
non -food expenditures
Contribution from School District General Fund
r
The accompanying notes are an integral
part of these financial statements.
Exhibit T
$ 54,637
13,807
31,351
3,375
17,668
120, 838
Exhibit U
KODIAK ISLAND BOROUGH
SCHOOL LUNCH FUND
STATEMENT OF EXPENDITURES
YEAR ENDED .JUNE 30, 1973
Cost of food purchased and donated
Salaries
Social Security matching
Equipment
New
Replacement
Other
F,
$ 67,904
40,483
2,271
221
427
2,013
$ 113,319
The accompanying notes are an integral
part of these financial statements.
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Cash
Checking account
Savings account
Fund balance
KODIAK ISLAND BOROUGH
STUDENT ACTIVITY FUNDS
BALANCE SHEET
JUNE 30, 1973
ASSETS
FUND BALANCE
The accompanying notes are an integral
part of these financial statements.
Exhibit V
$ 6,219
10,000
$ 16,219
$ 16,219
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Exhibit X
'
KODIAK ISLAND BOROUGH
TOBACCO TAX FUND
BALANCE SHEET
'
JUNE 30, 1973
ASSETS
'
Cash $ 145
FUND BALANCE
Fund balance $ 145
J
I
The accompanying notes are an integral
part of these tinancial statements.
Exhibit Y
KODIAK ISLAND BOROUGH
TOBACCO TAX FUND
STATEMENT OF REVENUE, EXPENDITURES
AND CHANGES IN FUND BALANCE
YEAR ENDED JUNE 30 1973
Revenue
State of Alaska, revenue - sharing
Expenditures
Contribution to School District General
Fund for debt service
Excess of revenues over expenditures .
Fund balance at beginning of year
Fund balance at end of year
$ 67,427
67,427
145
$ 145
The accompanying notes are an integral
part of these financial statements.
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
KODIAK ISLAND BOROUGH
CAPITAL PROJECTS FUNDS
BALANCE SHEET
JUNE 30, 1973
ASSETS
Cash, including $1,660,856 temporary cash investments
Federal grant receivable
Due from School District General Fund
Due from General Fund
Accrued interest receivable
LIABILITIES AND FUND BALANCE
Due to Debt Service
Fund balance
M
The accompanying notes are an integral
part of these financial statements.
Exhibit Z
$ 1,894,082
1,600
15,580
26,922
20,781
$ 1,958,965
a
$ 30,252
1,928,713
$ 1,958,965
1
' KODIAK ISLAND BOROUGH
' CAPITAL PROJECTS FUNDS
STATEMENT OF CHANGES IN FUND BALANCE
' YEAR ENDED JUNE 30, 1973
Balance, July 1, 1972
Prior period adjustment
Planning advance received from Housing and Urban
Development Agency recorded as income for the
year ended June 30, 1971
Balance, July 1, 1972 after prior period adjustment
Add revenues
' Deduct expenditures and transfers
Balance, June 30, 1973
Restricted for:
Kodiak High School
Ouizinke School
Hospital improvements
Exhibit AA
$ 543,616
93,000
450,616
4,179,855
4,630,471
2,701,758
$ 1,928,713
$ 1,826,422
38,147
64,144
$ 1,928,713
The accompanying notes are an integral
part of these financial statements.
'
KODIAK ISLAND BOROUGH
CAPITAL PROJECTS FUNDS
'
STATEMENT OF REVENUES
'
YEAR ENDED JUNE 30 1973
'
Educational facilities
Kodiak High School
t Kodiak
Proceeds from general obligation bonds for
High School construction
Contribution from General Fund
Ouzinkie High School
Contribution from General Fund
Hospital
Contribution from General Fund
Interest income
' The accompanying notes are an integral
part of these financial statements.
Exhibit BB
$ 4
12,000
4,000
64,144
99,711
$ 4,179,855
Exhibit CC
KODIAK ISLAND BOROUGH
CAPITAL PROJECTS FUNDS
STATEMENT OF EXPENDITURES
YEAR ENDED JUNE 30, 1973
Educational facilities
Kodiak High School
Architectural fees
Construction costs
Bonding costs
Additional construction costs
Ouzinkie School
Construction costs
Equipment
Interest expense
Additional construction costs
Other
Contribution to Debt Service Fund
Contribution to General Fund
$ 59,038
2,129,964
15,062
22,019
245,672
4,941
1,511
1,174
122,666
99,711
$ 2,701,758
The accompanying notes are an integral
part of these financial statements.
Exhibit DD
KODIAK ISLAND BOROUGH
DEBT SERVICE FUND
BALANCE SHEET
JUNE 30, 1973
ASSETS
Cash - certificates of deposit $ 105,000
Due from Capital Projects Fund 30,252
Accrued interest receivable 2
$ 137,985
LIABILITIES AND FUND BALANCE
Due to General Fund $ 2,733
Fund balance 135,252
$ 137,985
The accompanying notes are an integral
part of these financial statements.
Exhibit EE
KODIAK ISLAND BOROUGH
DEBT SERVICE FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
YEAR ENDED JUNE 30, 1973
Balance, June 30, 1973 $ 135,252 $ 30,252 $ 105,000
The accompanying notes are an integral
part of these financial statements.
Total
Schools
Hospital
Balance, July 1, 1972
$ 90,000 $
-
$ 90,000
Revenues
General Fund Contributions
Principal
15,000
-
15,000
Interest
14,625
-
14,625
School District General Fund
Contributions
Principal
45,000
45,000
-
Interest
44,350
44,350
-
Fiscal agent's fees
272
272-
-
Capital Projects Funds Contributions
Interest
122,666
122,666
-
Interest on deposits
6,083
-
6
247,996
212,288
35,708
Expenditures
Principal
45,000
45,000
-
Interest
151,389
136,764
14
Fiscal agent's fee
272
272
-
Contribution to General Fund
6,083
-
6,083
202,744
182,036
20,708
Balance, June 30, 1973 $ 135,252 $ 30,252 $ 105,000
The accompanying notes are an integral
part of these financial statements.
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
KODIAK ISLAND BOROUGH
STATEMENT OF GENERAL LONG -TERM DEBT
JUNE 30, 1973
AMOUNT AVAILABLE AND TO BE PROVIDED
FOR THE PAYMENT OF GENERAL LONG -TERM DEBT
Term bonds
Amount available in Debt Service Fund
Amount to be provided
Total, Term Bonds
Serial bonds
Amount to be provided
GENERAL LONG -TERM DEBT PAYABLE
Term bonds payable
Serial bonds payable
The accompanying notes are an integral
part of these financial statements.
Exhibit FF
$ 105,000
195,000
300,000
4,900,000
$ 5,200,000
$ 300,000
4,900,000
$ 5,200,000
KODIAK ISLAND BOROUGH
COMBINED SCHEDULE OF BONDS PAYABLE
JUNE 30, 1973
General Obligation Bonds
Interest rates
Issue
and
dates
date
3.625%
(3/1; 9/1)
3/1/65
3.875%
(3/1; 9/1)
3/1/65
5.75%
3/1; 9/1)
1/1/67
5.00%
(3/1; 9/5)
111167
4.875%
(1111;517)
5/1/67
6.75%
(8/1;2/1)
8/1/72
6.75%
50,000
1980 -1988
6.75%
None
-
6.75%
115,000
1974
6.75%
120,000
1975
6.75%
130,000
1976
6.75%
140,000
1977
6.75%
150,000
1978
5.6%
160,000
1979
5.6%
170,000
1980
5.7%
180,000
1981
5.8%
190,000
1982
5.9%
200,000
1983
6.0%
210,000
1984
6.1%
225,000
1985
6.1%
240
1986
6.1%
255,000
1987
6.1%
270,000
1988
5.5%
285,000
1989
Final
maturity
Annua I
date
serial payments
3/1/79
$ 20,000
1973 -1978
25,000
1979
3/1/85
25,000
1980 -1985
9/1/79
25,000
1973 -1978
50,000
1979
9/1/88
50,000
1980 -1988
5/1/87
None
-
8/1/81
115,000
1974
120,000
1975
130,000
1976
140,000
1977
150,000
1978
160,000
1979
170,000
1980
180,000
1981
190,000
1982
200,000
1983
210,000
1984
225,000
1985
240
1986
255,000
1987
270,000
1988
285,000
1989
300,000
1990
320,000
1991
340,000
1992
School building
Hospital building
School building
The accompanying notes are an integral
part of these financial statements.
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
Exhibit GG
$ 5,550,000 $ 5,515,000 $ 315,000 $ 5,200,000 $ 105,000 $ 105,000 $ -
Fund Balance - Term Bonds
Bonds
Over (under)
Authorized
Issued
Retired
Outstanding Requirement Actual requirement
$ 350,000 $
315,000
$ 190,000
$ 125,000 $ - $ - $ -
150,000
150,000
-
150,000 - - -
300,000
300,000
125,000
175,000 - - -
450,000
450,000
-
450 - - -
300,000
300
-
300 105 105,000 -
4,000,000
4,000,000
-
4,000,000 - - -
$ 5,550,000 $ 5,515,000 $ 315,000 $ 5,200,000 $ 105,000 $ 105,000 $ -
1
11
1
11
n
1
u
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1973
1. ACCOUNTING POLICIES OF KODIAK ISLAND BOROUGH
Records of the Kodiak Island Borough General Fund, Mental Health
Center, Fire District Fund, School District General Fund, School Lunch
Fund and Tobacco Tax Fund are maintained on the accrual basis.
Encumbrances, representing orders placed prior to the fiscal year end
for goods or services riot delivered at year end, are recorded only by the
School District General Fund, and are included in expenditure categories in
the accompanying financial statements as follows:
Administration
School board - expense $ 372
Office of Business Administration - printing and
publishing 634
Instruction
Textbooks
1,242
Library and audio visual
Library books
218
Periodicals and newspapers
223
Audio visual materials
141
Other library
91
Teaching supplies
5,241
Other supplies
448
Project FISH
144
Miscellaneous
752
Attendance services 123
Pupil transporation - field trips 795
Operation of plant
Custodial supplies 11,688
Operations of vehicles 698
Maintenance of plant
Contractual services, equipment repair 3,758
Replacement of instructional equipment 7,753
Replacement of nor. - instructional equipment 2,089
Repair materials 14,201
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
(Continued)
JUNE 30, 1973
1. ACCOUNTING POLICIES OF KODIAK ISLAND BOROUGH (Continued)
Capital outlay - new equipment $ 31,256
Supplemental instruction
ESEA Title I
Mission
$ 3,514
District
723
ESEA Title 11, Basic
2,219
ESEA Title 111
Salaries
91
Mini grant - intertidal
210
Career Ed - vocational
1,352
Other encumbrances 55
$ 90,031
The Land Sales Fund is used to account for proceeds from the sale or
lease of Borough lands administered by the Borough or the Division of Lands,
State of Alaska. Sales administered by the Borough are accounted for on the
accrual basis. Sales administered by the Division of Lands are accounted for
on a modified accrual basis in that the Borough does not record the amount
receivable on unpaid land purchase contracts or leases, but does record the
amount collected by the State but not remitted to the Borough.
Student Activity Funds are accounted for on a cash basis. Accounting
responsibility of the Student Activity Funds of East Elementary, Main Elemen-
tary and the junior high school are handled by the respective schools.
Accordingly, the accompanying financial statements do not include the
activities of those funds for the year ended June 30, 1973.
The Debt Service Fund is accounted fol on a modified accrual basis,
with all assets and liabilities reflected other than non - matured interest
coupons on bonds.
' The financial statements of the Capital Projects fund do not reflect
liabilities for work completed but unbilled or completed but not accepted in
amounts aggregating approximately $350,000.
1
! KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
' (Continued)
JUNE 30, 1973
i
2. FIXED ASSETS
The accompanying financial statements doe not include statements of
' general fixed assets acquired by the Borough. In addition, the Borough has
received selection rights to certain lands, portions of which have been
selected and received, portions of which selection applications are pending
' and portions of which remain unselected. Such selection rights are not
reflected in the accompanying financial statements.
3. BOROUGH GENERAL FUND, RESERVE FOR HOSPITAL OPERATIONS
' The Borough assembly has elected to establish a contingency reserve
for hospital operations in the amount of $30,000 funded out of regular
budget appropriations.
4. GRANTS AND CONTRACTS RECEIVABLE
' Federal and State grants approved but unexpended for specified purposes
are recorded as accounts receivable of the School District General Fund,
' the School Lunch Fund, and the Capital Projects Fund. The accompanying
.the
statements reflect restricted fund balances in the amount by which
the approved grant exceeded project expenditures at year end. Receipt of
' such funds is contingent on timely expenditure of the funds for project
purposes.
In addition to restricted fund balances imposed by a grantor the following
restricted
fund balances have been imposed by action
of the Borough Assembly:
Kodiak Island Borough General Fund
Reserve
for hospital operations
$
30,000
Reserve
for working capital
$
30,000
Land Sales
Fund
Reserve
for survey and appraisal expense
$
53
Reserve
for municipal building
$
861000
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
(Continued)
JUNE 30, 1973
5. CONTINGENT LIABILITIES
The Borough leases to the Grey Nuns of the Sacred Heart certain hos-
pital buildings for an annual rental of $1.00. The lease expires December 31,
2023. Under the terms of the lease, the Borough has agreed to make up
any deficit incurred by the lease resulting from the operation of the hospital
in an amount not to exceed 75% of the previous year's uncollected accounts
receivable. These receivables must be assigned to the Borough for collection.
Audited financial statements of the hospital as of December 31, 1972
show a net loss of the year of $36,945. Accounts receivable are shown at
$180 net of a provision for doubtful accounts of $26,357.