CAFR FY1984KODIAK, A LASKA
1964
n U c I
[' ( J�� I t
j v I y I I ,t un a 3 ") 1984
TABLE OF CONTENTS
Section 1
Letter of Transmittal
Section 2
Accountants' Report
Exhibit
Combined Financial Statements:
Combined Balance Sheet - All Fund Types and Account Groups A
Combined Statement of Revenues, Expenditures, Other Financial Sources
(Uses) and Changes in Fund Balances - Governmental Fund Types B
Combined Statement of Revenues, Expenditures, Other Financial
Sources (Uses) and Changes in Fund Balances - Budget and Actual -
General Fund and Special Revenue Funds C
Statement of Revenues, Expenses and Changes in Retained Earnings -
Proprietary Fund Type D
Statement of Changes in Financial Position - Proprietary Fund Type E
Statement of Changes in Assets and Liabilities - Fiduciary Fund
Type - Student Activities Fund F
Notes to Combined Financial Statements
Schedule
Combining, Individual Fund and Account Group Financial Statements:
Governmental Fund Types:
General Fund:
Balance Sheet
1
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual
2
Statement of Expenditures and Transfers - Budget and Actual
3
Special Revenue Funds:
Combining Balance Sheet
4
Combining Statement of Revenues, Expenditures, Other Financial
Sources (Uses) and Changes in Fund Balances
5
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balance (Deficit) - Budget and Actual:
Land Sales
6
Borough /City Joint Census
7
Fire and Road Service Districts:
Fire:
Area 1
8
Bells Flats
9
Road:
Monashka Bay
10
District 1
11
Bells Flats
12
2
TABLE OF CONTENTS
Schedule
Federal and State Grant Programs:
Federal Revenue Sharing 13
Mental Health Center 14
Energy 15
Education 16
Buildings and Grounds 17
Debt Service Funds:
Combining Balance Sheet 18
Combining Statement of Revenues, Expenditures, Transfers,
and Changes in Fund Balances 19
Statement of Revenue, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual:
Hospital Bond 20
School Bonds 21
Capital Projects Funds:
Combining Balance Sheet 22
Combining Statement of Revenues, Expenditures, Other Financial
Sources (Uses) and Changes in Fund Balances (Deficits) 23
Proprietary Fund Type - Water and Sewer Enterprise Fund:
Balance Sheet 24
Statement of Revenues, Expenses and Changes in Retained
Earnings - Budget and Actual 25
Statement of Changes in Financial Position 26
Fiduciary Fund Type - Student Activities Fund - Statement of Revenues,
Expenditures and Due to Student Organizations 27
General Fixed Assets Account Group:
Statement of General Fixed Assets by Source 28
Statement of General Fixed Assets by Function
and Activity (Unaudited) 29
Section 3
Table
Statistical Tables:
General Governmental Expenditures by Function 1
General Revenues by Source 2
Property Tax Levies and Collections 3
Assessed and Estimated Actual Value of Taxable Property 4
3
TABLE OF CONTENTS
Table
Ratio of Net General Bonded Debt
5
Computation of Direct and Overlapping Debt
6
Ratio of Annual Debt Service Expenditures for General Bonded Debt
to Total General Expenditures
7
Demographic Statistics
8
Salaries and Surety Bonds of Principal Officials
9
Boards and Committees
10
Summary of Debt Service Requirements to Maturity
11
General Obligation Hospital Bonds, Series 1967
11a
General Obligation School Extension and Improvement
Bonds,
Series 1965
11b
General Obligation Elementary School Building, Series 1967
11c
General Obligation Refunding Bonds, Series 1974A
11d
General Obligation Refunding Bonds, Series 1974B
11e
General Obligation School Extension and Improvement
Bonds,
Series 1980A
11f
General Obligation School Improvement Bonds, Series
1983A
11g
General Obligation School Improvement Bonds, Series
1984B
11h
General Obligation Refunding Bonds, Series 1974
11i
dP
Va
GENERAL GOVERNMENTAL FUNCTIONS
Revenues for general governmental functions totaled $5,008,954, a decrease of
11.4% over 1983. Property taxes assessed and collections contributed the
greatest decreases. General property taxes produced 36.8% of general revenues
compared with 31.7% in 1983. The amount of revenue from various sources and the
increase or decrease over last year are shown in the following tabulations.
To the Honorable Mayor
Borough Manager and
Borough Assembly
Kodiak Island Borough
Kodiak, Alaska
Kodiak IslandBorough
P.O. box 121
KODIAK, ALASKA 99615.1246
PHONE (M!) 4".57U
The Annual Financial Report of the Kodiak Island Borough, Kodiak, Alaska, for
the fiscal year ended June 30, 1984 is submitted herewith.
ACCOUNTING SYSTEM AND REPORTS
The Borough's accounting records for general government operations are main-
tained on a modified - accrual basis, with the most important revenues being
recorded when earned and expenditures being recorded when incurred. Account-
ing records for the Borough's utilities and other enterprise funds are main-
tained on a full- accrual basis. This report has been structured and compiled
along the guidelines laid down by the National Council on Governmental
Accounting (NCGA).
During this fiscal year we have experienced a change in our data processing
managers. We have also been in the conversion process (still underway) from
an IBM /34 to an IBM /38 System. These two items have substantially slowed our
progress for the enhancements desired to bring us to the level of accounting
and reporting that we strive for. The same high - quality results will be
realized but one fiscal period later.
The Government Finance Officers Association of the United States and Canada
(GFOA) awards a Certificate of Conformance in financial reporting to those
governments that meet their high standards. Copies of this report will be
submitted to that body for their critical review.
-2-
Assessed valuation of $395 million represented an increase of 15.9% over the
preceding year. The assessed value at January 1, 1984 relating to the fiscal
year 1985 is $394 million, a slight decrease.
As part of the statistical section of this report there is reported the tax
collection experience for the immediate past ten years. It may be interesting
to note that the rate of delinquency is now extremely low.
t
Expenditures and transfers for general governmental purposes totaled
$4,962,232, a decrease of 63.6% over 1983. In fiscal year 1983, large amounts
were transferred to the debt service and capital projects funds. Increases in
j levels of expenditures for major functions of the Borough over the preceding
year are shown in the following tabulation:
Amount Percent Increase over
Function (thousands) of total 1983 (thousands)
General government
Amount
Percent
Increase over
Revenue source
(thousands)
of total
1983 (thousands)
Property taxes
$ 1
36.8%
$ 52
Sales and use taxes
-
-
-
Other taxes
-
-
-
Licenses and permits
45
1.0
(73)
Intragovernmental revenue
2,542
50.7
(419)
Charges for services
53
1.0
-
Fines and forfeitures
1
-
i
Miscellaneous
404
8.1
(324)
Transfers from others
121
2.4
121
$ 5
100.0
$ (
Assessed valuation of $395 million represented an increase of 15.9% over the
preceding year. The assessed value at January 1, 1984 relating to the fiscal
year 1985 is $394 million, a slight decrease.
As part of the statistical section of this report there is reported the tax
collection experience for the immediate past ten years. It may be interesting
to note that the rate of delinquency is now extremely low.
t
Expenditures and transfers for general governmental purposes totaled
$4,962,232, a decrease of 63.6% over 1983. In fiscal year 1983, large amounts
were transferred to the debt service and capital projects funds. Increases in
j levels of expenditures for major functions of the Borough over the preceding
year are shown in the following tabulation:
Amount Percent Increase over
Function (thousands) of total 1983 (thousands)
General government
$ 1,026
23.1%
$ (592)
Public safety
-
-
-
Public works
408
7.9
283
Health and sanitation
710
13.8
23
Education
1,479
30.7
154
Conservation and development
153
2.9
250
Transfers to other funds
1,186
21.6
( 3,590 )
$ 4962
100.0%
$ (
The fund balance of the general fund has periodically undergone a critical
review in recent years. Planned drawdowns have been budgeted and executed by
tax reduction and transfers to other funds to keep the fund balance adequate
and reasonable. As a result of these actions, the following table reflects
fund balance at the close of the fiscal years ending June 30:
1979 $ 1,567,925
1980
2,035,245
1981
3,293,670
1982
5,478,183
1983
2,684,707
1984
2,742,239
-3-
CAPITAL IMPROVEMENTS FUND
4
This fund has shown considerable growth in recent years which closely
parallels that of the population increase and their desire for expanded
facilities.
Recent projects of considerable magnitude were:
Kodiak
Main Elementary
$ 7,201,800
Kodiak
High School
5,383,000
Kodiak
East PE Building
1,435,300
Akhiok
School
2,234,200
Karluk
School
2,126,900
Junior
High Renovation
8,156,056
Chiniak School
1,991,000
Significant current projects in progress are:
Kodiak Old Main /Auditorium
$ 10,500,000
Solid Waste Facility
2,960,000
Selief Lane Extension
2,149,000
Akhiok Dock Access Road
560,000
Lilly Drive - Woody Way
923,000
Sawmill - Lakeview Roads
581,000
Village Projects
300,000
Lilly Drive - Phase I
740,000
Monashka Bay Road
750,000
Utility Improvements
13,359,800
The revenues to support the above projects were provided by a variety of
sources, the most significant being school bonds of $29 million. These bonds
were issued in three increments of $12.1 million in August 1980, $7.4 million
in June 1983 and $9.5 million in May 1984. Equally important, but of a lesser
concern to the average citizen, are the many millions of dollars from the
State of Alaska for various capital projects. All of the current utility
projects, plus many other capital projects, are fully funded by the State.
DATA SERVICES
In September 1983, an IBM System /38 was purchased and installed by the Kodiak
Island Borough to replace its existing IBM System /34.
IBM System /38 Configuration:
5381
CPU 2MB
3370
Storage
2MB
3411
Magnetic
tape unit
3262
Printer
5225
Printer
5256
Printer
(high school)
5251
Display
station (7)
5291
Display
station (4)
-4-
An in -house conversion process started immediately. Prior to the resignation
of the manager, an outside professional firm was employed to assist in the
conversion. With the departure of the data processing manager in February
1984, the conversion process stalled.
On July 2, 1984, a new data processing manager was hired with the duty of com-
pleting the conversion as top priority. The conversion of existing applica-
tions is now scheduled to be completed in November 1984.
Data Services equally serves the Borough departments and the Kodiak Island
Borough School District.
Existing applications:
Borough
Utility Billing System
Financial Accounting System
Property Tax
Land Sale
Labels - Letters
School District
Maintenance System
Financial System
Payroll System
Future applications:
Borough
Data Processing Job
Fixed Assets
Assessor's Appraisal System
Manager
School District
Preventive Maintenance
Integrated Financial System
School Reporting System
Inventory
The Data Processing Department is now staffed with three positions; a manager,
a programmer and an operator.
GENERAL FIXED ASSETS
The general fixed assets of the Borough are those fixed assets used in the
performance of general governmental functions and exclude the fixed assets of
utility and other enterprise funds. Depreciation is not recognized in the
Borough's accounting system other than in the enterprise and intragovernmental
service funds.
The accountability for fixed assets of the Borough will be greatly facilitated
by the use of the computer programs to be implemented in fiscal year 1985.
Currently, all fixed asset records are maintained on manual cards for
individual items.
-5-
DEBT SERVICE FUND
This fund was established to finance and account for the payment of principal
and interest on all general obligation debt other than that which is payable
exclusively from special assessments and revenue debt issued for and serviced
by a governmental enterprise.
DEBT ADMINISTRATION
The statutes of the State of Alaska and the Code of the Kodiak Island Borough
do not establish a legal debt margin. In our case, the debt capacity is
determined by a vote of the electorate and ultimately by the marketplace when
debt is attempted to be placed. The Borough's general obligation bonds are
rated as follows:
Moody's Standard
Investors Service and Poors
General obligation bonds BAA -1 BBB
General obligation refunding bonds BAA -1 AAA
FEDERAL REVENUE SHARING
By virtue of the Federal General Revenue Sharing Act under Public Law 92 -512,
as amended by Public Law 94 -488, the Borough continues to receive approxi-
mately $55,000 each fiscal quarter.
Revenue sharing funds continue to be used for Health, Education and Welfare.
The Kodiak Island Borough holds two public hearings annually in this regard to
solicit input from citizens (especially senior citizens) for planned use of
these funds.
INSURANCE - RISK MANAGEMENT
Risk management is a term used to describe all management activities directed
toward the control of risks. The methods used to establish this control are:
- Identification of risks
- Measurement of risks
- Elimination or control of risks
- Self- assumption of certain risks through formal funding
- Transferring risks through the purchase of insurance
Insurance premium costs are no longer a minor expenditure item for the
Borough. In recent years, insurance premium costs have risen past the
$125,000 line.
A year by year comparison is somewhat meaningless, without study, as some
years' records include refunds of unearned premiums of years past while others
do not, etc. I believe it suffices to say that we are talking big dollars.
The Assembly and staff are currently working on identification of risks as an
ongoing item so that appropriate management action may be taken to minimize
costs where possible.
10
INVESTMENTS
The Kodiak Island Borough has large sums of idle cash on a daily basis. This
is not to say that the Borough assesses and collects more tax that it needs or
floats bond issues when not necessary or things of that nature. It is to say
that due to the size and complexity of government that it is necessary to have
adequate funding in place to accomplish the assigned tasks.
The Borough treasurer acts as the central treasury for all Borough and school
district moneys. A cash pool concept is maintained whereas all funds are
self - balancing unique entitites and each fund has its own cash account which
may on occasion show a "book overdraft" while others have an excess of cash.
In this manner, the Borough is able to fully invest all idle funds without
creating a "bank overdraft."
The Borough investment policy is far more restrictive than many governments.
The parameters in which we operate are as defined in Title 3, Chapter 4, of
the Borough Code. Basically, it states we invest only in high grade securi-
ties that are fully collateralized. Unfortunately, we enjoy no immunity
against fraud or mismanagement. Case in point: Lion Capital Group.
In February 1984, we invested $2 million in repurchase agreements with Lion
Capital Group through a broker. These investments were collateralized at 102%
by United States Treasury bonds. At face it would appear that this was about
as risk free an investment as would be possible. Lion Capital Group filed for
bankruptcy (Chapter 11, reorganization) on May 3 and these particular dollars
are now being held in an interest - bearing account of the trustee of the U.S.
Bankruptcy Court. Litigation is in progress and at this writing a trial date
has been established of November 27, 1984.
INVESTMENT EARNINGS
During the past year the investments of the Borough fluctuated from a low of
$16,300,000 to a high of $25,050,000. Interest rates for our fiscal year
started off very modestly at 8.5% to 9.75% in early July 1983. At year -end of
June 30, investments were earning from 9.5% to 12.25$. We closed out the year
with investment earnings for all funds in the amount of $2,150,000.
INDEPENDENT AUDIT
The Borough Code requires an annual audit to be made of the books of account,
financial records, and transactions of all administrative departments of the
Borough by a certified public accountant selected by the Borough Assembly.
This requirement has been complied with and the auditor's opinion has been
included in this report.
-7-
PROSPECTS FOR FISCAL YEAR 1985
The Assembly of the Kodiak Island Borough has again adopted a balanced budget
for fiscal year 1985. This has been our policy for several years. In recent
years we have adopted and executed a budget that is balanced by drawing down
on the fund balance, in particular, the general fund. In this manner, the
Borough continues to have the resources available to do the tasks assigned
without an unusually high fund balance at year -end.
This has resulted in holding the line and, in most cases, reducing the amount
of property tax assessment needed. Starting in 1981 and continuing have been
our efforts to collect those taxes and other receivables due to the Borough
promptly, thus negating the need to assess and collect from those who pay
promptly. At fiscal year -end, uncollected taxes of all prior years were only
some $30,000 as contrasted to over a million dollars in 1981.
No plans exist at this time to ask the electorate to approve any new bond
issues. All prior bond authorizations have now been issued. The last incre-
ment of this authority was exercised in May by the issue of a $9.5 million
variable rate demand bond issue for the completion of the High School
Auditorium. All the debt service outstanding bonds of Kodiak Island Borough
that were issued for school construction and renovation are eventually being
reimbursed to the Borough by the State at amounts of 90% to 100$ depending on
the date of issue. Under current State law, future issues will be reimbursed
at 50 %.
Unfunded pension liabilities represent one of the most important financial
problems which will face most cities and counties of America today. Your
Borough staff,*being acutely aware of this, has initiated legislation that has
been adopted by the Assembly to preclude this from being a problem that we
would face in the future. All unfunded past service costs of both the Borough
and school district.pension funds have been fully liquidated.
ACKNOWLEDGEMENTS
I wish to express my appreciation to all the members of the finance department
for their efficient and dedicated service during the past year. This report
is being released a full two months earlier than in previous years. This,
indeed, is a tribute to our accounting and data processing staff who worked
long and hard developing a modern on -line computerized financial system. A
special thanks is extended to all members of the independent certified public
accounting firm for their able assistance and for the professional manner in
which they have accomplished this engagement. I also thank your office and
the members of the Borough Assembly for their interest and support in planning
and conducting the financial operations of the Borough in a responsible and
progressive manner.
Respectfully submitted_,
7 rycee S. Weeks
Finance Direc or
E PEAT
MARWICK
KODIAK ISLAND BOROUGH
Combined Financial Statements
and Schedules
June 30, 1984
(With Accountants' Report Thereon)
rml PEAT Peat, Marwick, Mitchell & Co.
Certified Public Accountants
MARMCK Alaska Mutual Bank Building
601 West 5th Avenue, Suite 700
Anchorage, Alaska 99501
The Honorable Mayor and Borough Assembly
Kodiak Island Borough:
We have examined the combined financial statements of the Kodiak Island
Borough (Borough) as of and for the year ended June 30, 1984 (Exhibits A
through F), as listed in the table of contents. Except as explained in the
following paragraphs, 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 neces-
sary in the circumstances.
In accordance with Borough instructions, we did not examine the accounts of
the Kodiak Island Borough Hospital, and the accompanying combined financial
statements do not include the activities of the Kodiak Island Borough
Hospital, as required by generally accepted accounting principles.
The Borough's records of general fixed assets are incomplete in that they do
not reflect land owned by the Borough, the cost of all buildings and equip-
ment, and the sources of the related investment in the general fixed assets.
The Borough General Fund and Proprietary Fund Type each contains a $1,000,000
receivable from the Lion Capital Group Chapter 11 Bankruptcy Trustee. It is
not possible to determine what portion, if any, of these receivables will be
collected. The accompanying combined financial statements do not contain any
provision for uncollectible amounts, if any, related to these amounts. The
fund balance of the General Fund and the retained earnings (deficit) of the
Proprietary Fund Type have each been restricted for this receivable.
In our opinion, that portion of Exhibit A and note 8 of the combined financial
statements relating to the General Fixed Assets Account Group does not present
fairly the general fixed assets of the Kodiak Island Borough at June 30, 1984.
In our opinion, subject to the effects on the combined financial statements of
such adjustments, if any, as might have been required had the outcome of the
uncertainties discussed in the second preceding paragraph been known and,
except that the omission of the Kodiak Island Borough Hospital financial
statements results in an incomplete presentation of the Proprietary Fund Type,
the aforementioned remaining portions of the combined financial statements
present fairly the financial position of such funds and account group of the
Kodiak Island Borough at June 30, 1984, and the results of operations and
changes in fund equities of such funds, and changes in financial position of
the Proprietary Fund Type for the year then ended, in conformity with gener-
ally accepted accounting principles applied on a basis consistent with that of
the preceding year, after giving retroactive effect to the change, with which
we concur, in the method of accounting for the Proprietary Fund, as described
in note 2 to the combined financial statements.
FFJ
The Honorable Mayor and Borough Assembly
Kodiak Island Borough
2
Our examination was made for the purpose of forming an opinion on the combined
financial statements taken as a whole. The combining, individual fund and
account group financial statements (Schedules 1 through 29), as listed in the
table of contents, are presented for purposes of additional analysis and are
not a required part of the combined financial statements of the Kodiak Island
Borough. The information in Schedules 1 through 27 has been subjected to the
auditing procedures applied in the examination of the combined financial
statements and, in our opinion, subject to the effects, if any, on
Schedules 1, 2, 3, 24, 25 and 26 as might have been determined to be necessary
had the outcome of the uncertainties discussed in the fourth paragraph been
known, is fairly stated in all material respects in relation to the combined
financial statements taken as a whole. The information in Schedules 28 and 29
does not present fairly the General Fixed Assets Account Group for the reasons
stated in paragraph three.
Statistical tables and data listed in the "Statistical Tables" of the accom-
panying table of contents were not audited by us and, accordingly, we do not
express an opinion on them.
/ F/A /
September 26, 1984
KODIAK ISLAND BOROUGH
Combined Balance Sheet - All Fund Types and Account Groups
June 30, 1984
with comparative totals for 1983
Assets
Current assets:
Equities in central treasury
Temporary investments
Other cash balances
Receivables:
State of Alaska
Federal government
Property taxes, net of allowance for uncollec-
tibles of $22,777 in 1984 and $24,289 in 1983
Land sales contracts, due within one year
Other
Due from other funds
Inventories
Restricted assets:
Equity in central treasury
Time certificates of deposit
Receivable from Federal government
Accrued interest receivable
Receivable from Lion Capital Group Chapter 11
Bankruptcy Trustee
Land sales contracts receivable, due after one year
Receivable from Lion Capital Group Chapter 11
Bankruptcy Trustee
Amount available to service long -term debt in
Debt Service Funds
Amount to be provided to service long -term debt
Fixed assets in service
Accumulated depreciation
Construction work in progress
- 2,203,724 - -
1,000,000 - - -
$ 6 472 999 7,82�� 6,347,855 14
Liabilities and Fund Equities
Liabilities:
Current liabilities:
Payable from current assets:
Bank overdraft
Advance from central treasury
Accounts payable
Retainage payable
Salaries payable
Payroll taxes accrued and withheld
Employee benefits accrued and withheld
Other accrued liabilities
Customer deposits
Deferred and unrealized revenues
Due to other funds
Payable from restricted assets:
Advance from central treasury
Contracts payable
Retainage payable
Unearned grant receipts
General obligation bonds payable
Total liabilities
-
Governmental Fund Types
- -
2,001,084
Special
- 1,192,385
Capital
General
Revenue
Debt Service
Projects
- 441,501
$ -
2,587,679
173,049
397,831
3,000,242
1,950,000
3,300,000
13,029,535
1,710
27,258
2,815,068
-
802,187
587,363
-
133,191
-
55,036
-
-
1,613,301
-
-
-
-
187,276
-
-
55,559
88,026
59,738
211,902
-
-
-
275,787
-
137,771
-
-
- 2,203,724 - -
1,000,000 - - -
$ 6 472 999 7,82�� 6,347,855 14
Liabilities and Fund Equities
Liabilities:
Current liabilities:
Payable from current assets:
Bank overdraft
Advance from central treasury
Accounts payable
Retainage payable
Salaries payable
Payroll taxes accrued and withheld
Employee benefits accrued and withheld
Other accrued liabilities
Customer deposits
Deferred and unrealized revenues
Due to other funds
Payable from restricted assets:
Advance from central treasury
Contracts payable
Retainage payable
Unearned grant receipts
General obligation bonds payable
Total liabilities
-
215,375
- -
2,001,084
501
- 1,192,385
52,509
132,357
47,559 552,284
-
-
- 441,501
-
465,241
- -
9,371
133,281
- -
61,664
427,095
- -
153
241,868
- -
-
300
- -
1,605,979
2,402,259
- 1,171,111
-
275,787
- -
3,730,760 4,294,064 47,559 3,357,281
Exhibit A
- -
- - 215,375
Account
Groups
- - 3,193,970
1,460,214
10,132 1,178
Fiduciary Fund
General
General
Totals (memorandum only)
Proprietary Fund Type Type
- Student Activities
Fixed Assets
Long -term Debt
1984
1983
59,660
-
-
-
3,218,219
2,860,048
-
-
-
-
21,279,777
19,405,638
_
66,506
-
-
2,910,542
109,131
-
-
-
-
1,522,741
1,111,827
-
-
-
-
55,036
927,666
_
-
-
-
1,613,301
1,583,554.
_
-
-
-
187,276
147,195
19,797
678
-
-
435,700
249,890
-
-
-
-
275,787
31,091
-
-
-
-
137,771
147,304
30,907
-
-
-
30,907
-
1,000,000
-
-
-
1,000,000
1,100,000
-
-
-
-
-
4,225
12,500
-
-
-
12,500
-
1,000,000
-
-
-
1,000,000
-
-
-
-
-
2,203,724
2,384,877
-
-
-
-
1,000,000
-
-
-
-
6,300,296
6,300,296
2,720,255
-
-
-
23,724,704
23,724,704
19,554,745
743,232
-
32,052,919
-
32,796,151
20,333,750
(229,166)
-
-
-
(229,166)
(229,166)
4,809,046
10,820,098
15,629,144
23,398,042
7,445,976
67,184
42,873,017
30,025,000
115,104,410
95,840,072
- -
- - 215,375
-
- -
- - 3,193,970
1,460,214
10,132 1,178
- - 796,019
908,226
- -
- - 441,501
201,834
- _
- - 465,241
426,463
- -
- - 142,652
129,965
- -
- - 488,759
517,164
- -
- - 242,021
70,702
6,546 -
- - 6,846
7,021
- -
- - 5,179,349
6,584,372
- -
- - 275,787
31,091
- -
- - -
5,104
651,751 -
- - 651,751
682,907
223,892 -
- - 223,892
3,000
968,156 -
- - 968,156
363,261
30,025,000 30,025,000
22,275,000
1,860,477
30,025,000 43,316,319
33,666,324
(Continued)
KODIAK ISLAND BOROUGH
Combined Balance Sheet - All Fund Types and Account Groups, Continued
Governmental Fund Tvves
Fund equities:
Investment in general fixed assets
Reserved:
Encumbrances
Receivable from Lion Capital Group Chapter 11
Bankruptcy Trustee
Contributions in aid of construction
Accumulated amortization
Retained earnings (deficit):
Designated:
Receivable from Lion Capital Group Chapter 11
Bankruptcy Trustee
Construction
Undesignated
Unreserved:
Designated:
Working capital
Debt service
Subsequent year expenditures
Undesignated
Total fund equities
Contingent liabilities (notes 9 and 10)
Special Capital
General Revenue Debt Service Projects
14,951 141,385 - 10,280,121
1,000,000 - - -
900,000 - -
- - 6,300,296 -
770,533 1,238,813 - 410,844
56,755 2,149,871
2,742,239 3,530,069 6,300,296 10,690,965
$ 6,472,999 7,824,133 6,347,855 14,048,246
See accompanying notes to combined financial statements.
`;
Exhibit A, Cont.
Account Groups
Fiduciary Fund General General Totals (memorandum only)
Proprietary Fund Type Type - Student Activities Fixed Assets Long -term Debt 1984 1983
42,873,017 - 42,873,017 42,304,455
- - 10,436,457 9,261,838
- - - - 1,000,000 -
5,552,278 - - - 5,552,278 1,447,465
(229,166) - - - (229,166) (229,166)
1,000,000 - - - 1,000,000 -
29,825
(737,613) - - - (737,613) 13,092
- - 900,000 900,000
6,300,296 -
2,420,190 5,368,443
66,006 - 2,272,632 3,077,796
5,585,499 66,006 42,873,017 - 71,788,091 62,173,748
7,445,976 67 42,873,017 30,025,000 115,104,410 95,840,072
See accompanying notes to combined financial statements.
Exhibit B
KODIAK
ISLAND BOROUGH
Combined Statement of
Revenues, Expenditures,
Other Financial
Sources (Uses)
and
Changes
in Fund Balances
- Governmental Fund Types
Year ended
June 30,
1984
with comparative
totals
for 1983
Special
Capital
Totals (memorandum only)
General
Revenue
Debt Service
Projects
1984
1983
Revenues:
Property taxes
$ 1,843,461
136,026
-
-
1,979,487
1,876,462
Intergovernmental:
State sources
2,540,845
16,495,142
-
3,944,205
22,980,192
21,298,605
Federal sources
1,596
1,035,747
-
80,054
1,117,397
1,173,265
City of Kodiak
-
-
-
-
-
12,000
Land sales
-
636,555
-
-
636,555
491,609
Licenses, permits, fees
and other local revenues
44,584
723,864
-
128,441
896,889
733,241
Investments and property
457,308
165,462
503,349
777,933
1,904,052
1,632,226
Total revenues
4,887,794
19,192,796
503,349
4,930,633
29,514,572
27,217,408
Expenditures:
Borough Assembly
40,145
-
-
-
40,145
39,218
Manager's department
124,397
-
-
-
12
125,496
Clerk's department
133,094
-
-
-
133,094
137,746
Finance department
184,167
-
-
-
184,167
138,550
Legal department
118,633
-
-
-
118,633
95,412
Assessment department
216,675
-
-
-
60,118
216,675
220,708
Community development department
170,044
38,937
-
269,099
341,289
Engineering department
55,194
-
-
-
55,194
65,589
Health and sanitation
372,724
727,740
-
-
1,100,464
1,124,395
Data services
339,515
-
-
-
339,515
141,328
Outer continental shelf
-
20
Buildings and grounds
-
253,067
-
-
253,067
222,918
General administration
93,977
85,432
-
-
179,409
157,768
Building inspector's department
56,725
-
-
-
56,725
51,279
Civil defense
-
-
-
-
-
3
Hospital support
321,949
-
-
-
321,949
262,775
Facilities coordinator department
1,211
-
-
-
1,211
7,657
Education support
57,000
15,198,859
-
-
15,255,859
14,369,229
Capital improvements
-
247,876
-
12,091,549
12,339,425
11,252,279
Debt service
-
-
3,305,900
-
3,305,900
1,700,806
Other
Total expenditures
12 240
2,297,
-
16,551,911
-
3,305,900
-
12,151,977
12 240
34,3 1Ti8
-
30,474,445
Excess (deficiency) of
revenues over expenditures
2,590,104
2,640,885
( 2,802,551 )
(7,221,034
(4,792,596
(3,257,037
Other financial sources (uses):
Proceeds of bond sales
-
-
-
9,500,000
9,500,000
7,400,000
Operating transfers from other funds
121,160
1,589,622
6,382,592
1,398,485
9,491,859
8,335,539
Operating transfers to other funds
( 2,664,542 )
(3,170,242
-
(3,657,075
(9,491,859
(8,335,539
Net other financial
sources (uses)
( 2,543,382 )
(1,580,620
6,382,592
7,241,410
9,500,000
7,400,000
Excess (deficiency) of
revenues and other financial
sources over expenditures
and other financial uses
46,722
1,060,265
3,580,041
20,376
4,707,404
4,142,963
Fund balances at beginning of year
2,684,707
2,469,804
2,720,255
10,681,399
18,556,165
14,413,823
Equity transfers
10,810
-
-
(10,810
-
(621
Fund balances at end of year
$ 2,742,239
3,530,069
6,300,296
10,690,965
23,263,569
18,556,165
��
See accompanying notes to combined financial statements.
Exhibit C
KODIAK ISLAND BOROUGH
Combined Statement of Revenues, Expenditures, Other Financial Sources (Uses) and
Changes in Fund Balances - Budget and Actual - General Fund and Special Revenue Funds
Year ended June 30, 1984
Expenditures:
Borough Assembly
46,000
General Fund
Special Revenue
Funds
Totals
(memorandum
only)
40,145
5,855
Manager's department
Variance
124,397
(4,347)
Variance
-
-
Variance
124,397
(4,347)
Clerk's department
favorable
133,094
10,196
favorable
-
-
favorable
133,094
Budget
Actual
(unfavorable)
B udget
Actual
(unfavorable)
Budget
Actual
(unfavorable)
Revenues:
5,753
Legal department
133,360
118,633
14,727
-
-
-
133,360
Property taxes
$ 1,834,890
1,843,461
8,571
134,640
136,026
1,386
1,969,530
1,979,487
9,957
Intergovernmental:
13,105
Community development
State sources
1,974,950
2,540,845
565,895
15,847,186
16,495,142
647,956
17,822,136
19,035,987
1,213,851
Federal sources
1,400
1,596
196
896,980
1,035,747
138,767
898,380
1,037,343
138,963
Land sales
-
-
-
400,000
636,555
236,555
400,000
636,555
236,555
Licenses, permits, fees
(11,401)
Data services
335,160
339,515
(4,355)
-
-
-
335,160
and other local revenues
140,640
44,584
(96,056)
706,675
723,864
17,189
847,315
768,448
(78,867)
Investments and property
297,200
457,308
160,108
79,600
165,462
85,862
376,800
622,770
245,970
Total revenues
4,249,080
4,887,794
638,714
18,065,081
19,192,796
1,127,715
22,314,161
24,080,590
1,766,429
Expenditures:
Borough Assembly
46,000
40,145
5,855
-
-
-
46,000
40,145
5,855
Manager's department
120,050
124,397
(4,347)
-
-
-
120,050
124,397
(4,347)
Clerk's department
143,290
133,094
10,196
-
-
-
143,290
133,094
10,196
Finance department
189,920
184,167
5,753
-
-
-
189,920
184,167
5,753
Legal department
133,360
118,633
14,727
-
-
-
133,360
118,633
14,727
Assessment department
229,780
216,675
13,105
-
-
-
229,780
216,675
13,105
Community development
department
191,280
170,044
21,236
258,878
38,937
219,941
450,158
208,981
241,177
Engineering department
227,780
55,194
172,586
-
-
-
227,780
55,194
172,586
Health and sanitation
344,840
372,724
(27,884)
744,223
727,740
16,483
1,089,063
1,100,464
(11,401)
Data services
335,160
339,515
(4,355)
-
-
-
335,160
339,515
(4,355)
Buildings and grounds
-
-
-
268,600
253,067
15,533
268,600
253,067
15,533
General administration
140,160
93,977
46,183
127,835
85,432
42,403
267,995
179,409
88,586
Building inspector's
department
60,350
56,725
3,625
-
-
-
60,350
56,725
3,625
Civil defense
5,000
-
5,000
-
-
-
5,000
-
5,000
Hospital support
364,834
321,949
42,885
-
-
-
364,834
321,949
42,885
Facilities coordinator
department
183,430
1,211
182,219
-
-
-
183,430
1,211
182,219
Education support
57,000
57,000
-
15,527,025
15,198,859
328,166
15,584,025
15,255,859
328,166
Capital improvements
-
-
-
662,260
247,876
414,384
662,260
247,876
414,384
Other
12,240
12,240
-
-
12,240
12,240
Total expenditures
2,784,474
2,297,690
486,784
17,588,821
16,551,911
1,036,910
20,373,295
18,849,601
1,523,694
Excess of revenues
over expenditures
1,464,606
2,590,104
1,125,498
476,260
2,640,885
2,164,625
1,940,866
5,230,989
3,290,123
Other financial sources (uses):
Operating transfers
from other funds
-
121,160
121,160
1,483,207
1,589,622
106,415
1,483,207
1,710,782
227,575
Operating transfers
to other funds
( 2,795,020 )
( 2,664,542 )
130,478
(2,427,650
(3,170,242
(742,592
(5,222,670
(5,834,784
(612,114
Net other financial
sources (uses)
( 2,795,020 )
( 2,543,382 )
251,638
(944,443
51,580,620
(636,177
(3,739,463
(4,124,002
(384,539
Excess (deficiency)
of revenues and other
financial sources over
expenditures and
other financial uses
(1,330,414)
46,722
1,377,136
(468,183)
1,060,265
1,528,448
(1,798,597)
1,106,987
2,905,584
Fund balances at
beginning of year
2,684,707
2,684,707
-
2,469,804
2,469,804
-
5,154,511
5,154,511
-
Equity transfers
10,810
10,810
-
-
-
-
10,810
10,810
Fund balances at end of year
$ 1,154
2 742 2
1,387,946
2,001,621
3,530,069
1,528,448
3,355,914
6,272,308
2 916 94
See accompanying notes to combined financial statements.
Exhibit D
KODIAK ISLAND BOROUGH
Statement of Revenues, Expenses and
Changes in Retained Earnings - Proprietary Fund Type
Year ended June 30, 1984
with comparative figures for 1983
Revenues:
Water sales
Sewer service charges
Installation charges
Other
Total revenues
Operating expenses:
Water:
Personal services
Electric
Rent
Purchased water
Training
Advertising and hearings
Printing and binding
Repairs and maintenance
Contracted services
Automotive and travel
Office supplies and postage
Installation costs
Small tools
Total water
Sewer:
Personal services
Electric
Rent
Purchased sewer treatment
Training
Advertising and hearings
Printing and binding
Repairs and maintenance
Contracted services
Automotive and travel
Office supplies and postage
Installation costs
Small tools
Total sewer
1984 1983
$ 140,907 120,537
53,937 37,812
9,804 -
440 407
205,088 158,756
9,143
2,744
59
73,959
70
58
635
4,448
2,168
598
394
13,669
90
108,035
15,661
2,785
78,624
183
431
2,075
5,104
298
1,060
6,746
1,010
113,977
3,971
940
10
38,821
831
58
1,037
309
523
46,500
2,712
26,304
141
431
399
3
277
71
1,124
31,462
(Continued)
E
Exhibit D, Cont.
KODIAK ISLAND BOROUGH
Statement of Revenues, Expenses and Changes
in Retained Earnings - Proprietary Fund Type, Continued
See accompanying notes to combined financial statements.
1984
1983
Total operating expenses
$ 154,535
145,439
Operating income
50,553
13,317
Interest
income
169,343
29,600
Interest
expense
426
-
Net earnings
219,470
42,917
Retained
earnings at beginning of year
42,917
-
Retained
earnings at end of year
$ 262,387
42,917
See accompanying notes to combined financial statements.
Exhibit E
KODIAK ISLAND BOROUGH
Statement of Changes in Financial Position - Proprietary Fund Type
Year ended June 30, 1984
with comparative figures for 1983
1984 1983
Financial resources provided:
Net earnings and working capital provided by operations
$ 219,470
42,917
State of Alaska grants
3,919,012
1
Federal grants
185,801
34,328
Contribution from City of Kodiak
-
229,166
4,324,283
1
Financial resources used - acquisition of property,
plant and equipment
;
4,124,941
1,427,337
Increase in working capital
$ 199,3
63,045
Changes in components of working capital:
Increase (decrease) in:
Current assets:
Equity in central treasury
40,744
18,916
Customer receivables
3,631
16,166
Restricted assets:
Equity in central treasury
30,907
-
Time certificates of deposit
(100,000)
1,100,000
Receivable from Federal government
(4,225)
4,225
Accrued interest receivable
12,500
-
Receivable from Lion Capital Group Chapter 11
Bankruptcy Trustee
1
-
983,557
1,139,307
Current liabilities:
Payable from current assets:
Accounts payable
(4,837)
14,969
Customer deposits
(475)
7,021
Payable from restricted assets:
Advance from central treasury
(5,104)
5,104
Contracts payable
(31,156)
682,907
Retainage .payable
220,892
3,000
Unearned grant receipts
604,895
363,261
784,215
1,076,262
Increase in working capital
$ 0 199,342
s 63,045
See accompanying notes to combined financial statements.
Exhibit F
KODIAK ISLAND BOROUGH
Statement of Changes in Assets and Liabilities -
Fiduciary Fund Type - Student Activities Fund
Year ended June 30, 1984
Balance at Balance at
Assets July 1, 1983 Additions Deletions June 30, 1984
Cash $ 53,350 147,701 134,545 66,506
Other receivables 3,422 678 3,422 678
$ 56� 772 14�8,�79 137,967 67,184
Liabilities
Accounts payable 4,860 1,178 4,860 1,178
Due to student organizations 51,912 147,201 133,107 66,006
$ 56,772 148,379 1 7 967 67,184
See accompanying notes to combined financial statements.
KODIAK ISLAND BOROUGH
Notes to Combined Financial Statements
June 30, 1984
(1) Summary of Significant Accounting Policies
Basis of Presentation
The Kodiak Island Borough (Borough) was organized to perform the municipal
duties allowed by Alaska Statutes and as directed by its residents. The
financial results of the recurring activities performed directly by the
Borough are accounted for in the funds of the Borough. As discussed in the
following paragraphs, the Borough delegates and contracts with various
related entities to fulfill certain of its functions.
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 educationally related
fixed assets and incurs the debt, if necessary, to finance the acquisition
and construction of the school facilities. The Borough and the School
District maintain separate accounting records of financial activity. The
Borough includes the combined financial statements of the School District in
these combined financial statements.
The Borough conducts a mental health services program by terms of a contract
with the State of Alaska. The operating activity of this program is
performed by the Kodiak Aleutian Mental Health Center. All operating
activity and resultant financial position of this program is presented in a
Special Revenue Fund in these combined financial statements.
The Borough owns the Kodiak Island Borough Hospital (Hospital) and related fur-
nishings. The Borough has contracted the Hospital's operating activities to
the Lutheran Hospitals and Homes Society of America. By terms of that
agreement, operating losses sustained (as contractually defined), if any, are
the ultimate responsibility of the Borough. Annual contributions, as well as
direct payment for certain insurances, equipment and plant repairs, are made
by the Borough to subsidize the Hospital's financial operations. These
contributions and direct payments are recorded as expenditures of the
Borough's General Fund or Capital Projects Funds. The comprehensive finan-
cial position and operating results of the Hospital are not included in these
combined financial statements.
The accounting policies of the Borough conform to generally accepted accounting
principles.
(Continued)
2
KODIAK ISLAND BOROUGH
Notes to Combined Financial Statements
Fund Accounting
The accounts of the Borough are organized on the basis of funds and account
groups, each of which is considered a separate accounting entity. Operations
of each fund are accounted for with a separate set of self - balancing accounts
that comprise its assets, liabilities, fund equity, revenues and expenditures
or expenses, as appropriate. Borough resources are allocated to and
accounted for in individual funds based upon the purposes for which they are
to be spent and the means by which spending activities are controlled. The
various funds are grouped in the combined financial statements in this report
into six generic fund types and three broad fund categories as follows:
Governmental Fund Types
General Fund - The General Fund is the general operating fund of the
Borough. It is used to account for all financial resources except those
required to be accounted for in another fund.
Special Revenue Funds - Special Revenue Funds are used to account for the
proceeds of specific revenue sources (other than special assessments and
major capital projects) that are legally restricted to expenditures for
specific purposes.
Debt Service Funds - The Debt Service Funds are used to account for the
accumulation of resources for, and the payment of, general long -term debt
principal, interest and related costs.
Capital Projects Funds - Capital Projects Funds are used to account for
financial resources to be used for acquisition or construction of major
capital facilities.
Properietary Fund Type - Enterprise Fund - The Enterprise Fund is used to
account for operations (a) that are financed and operated in a manner
similar to private business enterprises where the intent of the governing
body is that the costs (expenses, including depreciation) of providing
goods or services to the general public on a continuing basis be financed
or recovered primarily through user charges or (b) where the governing body
has decided that periodic determination of revenues earned, expenses
incurred, and /or net income is appropriate for capital maintenance, public
policy, management control, accountability or other purposes.
(Continued)
3
KODIAK ISLAND BOROUGH
Notes to Combined Financial Statements
Fiduciary Fund Type - Student Activities Fund - The Student Activities Fund
is used to account for assets held by the Borough as an agent for
entities. The Student Activities Fund is custodial in nature (assets equal
liabilities) and does not involve measurement of results of operations.
Account Groups
The accounting and reporting treatment applied to the fixed assets and long -term
liabilities associated with a fund are determined by its measurement focus.
Governmental Fund Types are accounted for on a spending or financial flow
measurement focus. This means that only current assets and current
liabilities are generally included on their balance sheets. Their reported
fund balances (net current assets) is considered a measure of available
spendable resources. Governmental Fund Type operating statements present
increases (revenues and other financial sources) and decreases (expenditures
and other financial uses) in net current assets. Accordingly, they are said
to present a summary of sources and uses of available spendable resources
during a period.
The two account groups are not funds. They are concerned only with the
measurement of financial position. They are not involved with measurement of
results of operations.
General Fixed Assets
Fixed assets used in Governmental Fund Type operations (general fixed
assets) are accounted for in the General Fixed Assets Account Group rather
than in Governmental Fund Types. Public domain (infrastructure) general
fixed assets consisting of certain improvements other than buildings,
including roads, bridges, curbs and gutters, streets and sidewalks, drain-
age systems and lighting systems, are not capitalized. No depreciation has
been provided on general fixed assets.
All fixed assets are valued at historical cost or estimated historical cost
if actual historical cost is not available. Donated fixed assets are
valued at their estimated fair value on the date donated.
General Long -term Debt
Long -term liabilities expected to be financed from Governmental Fund Types
are accounted for in the General Long -term Debt Account Group, not in the
Governmental Fund Types.
(Continued)
4
KODIAK ISLAND BOROUGH
Notes to Combined Financial Statements
Noncurrent portions of long -term receivables due to Governmental Fund Types
are reported on their 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 Govern-
mental Fund Type revenues represented by noncurrent receivables is deferred
until they become current receivables. Noncurrent installments of long-
term loans receivable are offset by fund balance reserve accounts.
Because of their spending measurement focus, expenditure recognition for
Governmental Fund Types is limited to exclude amounts represented by non-
current liabilities. Since they do not affect net current assets, such
long -term amounts are not recognized as Governmental Fund Type expenditures
or fund liabilities. They are instead reported as liabilities in the
General Long -term Debt Account Group.
Proprietary Fund Type
The Proprietary Fund Type is accounted for on a cost of services or capital
maintenance measurement focus. This means that all assets and all
liabilities (whether current or noncurrent) associated with its activity are
included on its balance sheet. Its reported fund equity (net total assets)
is segregated into contributed capital and retained earnings components. The
Proprietary Fund Type operating statement presents increases (revenues) and
decreases (expenses) in net total assets.
Depreciation of all exhaustible fixed assets used by the Proprietary Fund Type
is charged as an expense against its operations. Accumulated depreciation is
reported on the Proprietary Fund Type balance sheet. Depreciation has been
provided over their estimated useful lives using the straight -line method.
Depreciation on contributed assets is charged against contributions in aid of
construction.
Basis of Accounting
Basis of accounting refers to when revenues and expenditures or expenses are
recognized in the accounts and reported in the combined financial
statements. Basis of accounting relates to the timing of the measurements
made, regardless of the measurement focus applied.
Governmental Fund Types are accounted for using the modified - accrual basis of
accounting.
(Continued)
5
KODIAK ISLAND BOROUGH
Notes to Combined Financial Statements
Expenditures are generally recognized under the modified - accrual basis of
accounting when the related fund liability is incurred. An exception to this
general rule is principal and interest on general long -term debt which is
recognized when due.
Pursuant to this basis of accounting, material revenues which are both measur-
able and available are accrued and other revenues are recorded on the cash
basis. Summarized below are the major sources of revenue and the applicable
recognition policies.
Property Taxes
Property taxes are levied on the assessed value of taxable property as of
January 1. Pursuant to Alaska Statute 29.53.170, the Borough establishes
the mill rate on or before June 15. Tax bills are payable in two install-
ments on August 15 and October 15. Borough property tax revenues are
recognized in the fiscal year in which they become collectible.
At June 30, 1984, the 19814 real and personal property tax levy of
$1,605,979 is reflected as deferred revenue of the General Fund.
Intergovernmental Revenue
State of Alaska shared revenues, State of Alaska municipal assistance,
Federal shared revenue, and various 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 of final payments due within approximately
two to three months after year -end.
State of Alaska and Federal governmental cost reimbursable grants and con-
tracts (including grants for construction) 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 balances due.
(Continued)
M
KODIAK ISLAND BOROUGH
Notes to Combined Financial Statements
Land Sales Proceeds and Other Local Revenues
Amounts received pursuant to land sale contracts (long -term in nature) are
recorded on the cash basis. Other local revenues are recorded on a basis
consistent with their nature in relation to measurement and availability
standards.
The Proprietary Fund Type is accounted for using the accrual basis of
accounting. Its revenues are recognized when they are earned and its
expenses are recognized when they are incurred.
Budgets and Budgetary Accounting
The Borough follows these procedures in establishing the budgetary data
reflected in the combined financial statements:
a. The Manager must submit to the Borough Assembly by April 13 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.
b. Public hearings are conducted by the Borough Assembly to obtain taxpayer
comments.
c. By June 10, by Borough Assembly action, the budget is legally enacted
through passage of an ordinance. If the Borough Assembly fails to pass an
ordinance, the budget submitted by the Manager becomes the adopted budget.
d. Amendments to the budget can occur any time during the fiscal year through
the Borough Assembly or administrative action. Generally, the following
actions are required at the level of the particular change:
(1) All new appropriations are authorized by an appropriation ordinance
that amends the annual budget ordinance.
(2) A resolution of the Borough Assembly is required to move (appropriate)
amounts between departments and projects.
(3) 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.
(Continued)
7
KODIAK ISLAND BOROUGH
Notes to Combined Financial Statements
e. All funds are budgeted on an annual basis encompassing a fiscal year,
except that budgets of Capital Projects Funds generally encompass the
period of project completion which is generally greater than one year.
Encumbrances
Encumbrance accounting, under which purchase orders, contracts and other com-
mitments 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.
Tnvantnries
Expendable operating supplies of the Borough (except as discussed in the suc-
ceeding paragraph) are recorded on the purchases method and, at June 30,
1984, there was no significant amount of such items.
Expendable operating supplies of the School District, consisting primarily of
teaching, maintenance and food supplies, are recorded on the usage basis.
These inventories are valued at the lower of average cost or market, except
USDA food inventory (acquired at nominal price) which is recorded at
replacement cost.
Retirement Plans
All full -time employees of the Borough and School District participate in either
the Public Employees' Retirement System (PERS) or the Teachers' Retirement
System (TRS). The Borough and School District accrue pension expense which
includes current costs and amortization of prior service costs. The policy
is to fund pension costs accrued.
Annual Leave
Annual leave is accrued as earned by employees and recorded as an expenditure in
the period earned.
Comparative Total Data
Comparative total data for the prior year have been presented in the accompany-
ing combined financial statements in order to provide an understanding of
changes in the financial position and operations. However, comparative
(i.e., presentation of prior year totals by fund type) data have not been
presented in each of the statements since their inclusion would make the
statements unduly complex and difficult to read.
(Continued)
P
KODIAK ISLAND BOROUGH
Notes to Combined Financial Statements
Total Columns on the Combined Financial Statements
Total columns on the combined financial statements are provided only to
facilitate financial analysis. Data in these columns do not present
financial position, results of operations or changes in financial position in
conformity with generally accepted accounting principles. Neither are such
data comparable to a consolidation. Interfund eliminations have not been
made in the aggregation of these data.
(2) Comparability of Financial Data
On July 1, 1983, the Borough Assembly directed that a Buildings and Grounds
Special Revenue Fund be established. In prior years, revenues and costs
related to this fund had been accounted for in the General Fund. It was not
practical to reclassify 1983 comparative figures for this change.
In 1983, operations related to water and sewer activities were accounted for as
Special Revenue Funds with capital improvements being accounted for in the
Capital Projects Funds. In 1984, Borough management concluded that an
Enterprise Fund was the preferred method of accounting for water and sewer
activities. Comparative figures for 1983 have been reclassified to reflect
this change.
(3) Cash and Temporary Investments
Central Treasury
The cash transactions of the Borough's funds are transacted primarily in a
single checking account. Cash carried in this central account in excess of
operating needs is invested in temporary certificates of deposit or similar
short -term investments.
(Continued)
9
KODIAK ISLAND BOROUGH
Notes to Combined Financial Statements
Specific Cash Investments
Investments have been made by the Borough and identified by the specific source of their funding. A summary of
these investments at June 30, 1984 follows:
Time certificates of deposit:
United Bank Alaska:
10.625%
12.25%
10.75%
12.02%
11.77%
Alaska Mutual Bank:
12%
10.625%
10.75%
10.875%
11.25%
First Interstate Bank of Alaska:
11.98%
10.63%
American Savings and.Loan - 10.8%
First Federal Bank - 11.65%
Alaska Pacific Bank - 11.53%
National Bank of Alaska - 11.25%
Total time certifi-
cates of deposit
Repurchase agreements - National
Bank of Alaska - 9.5%
Federal National Mortgage
Association - securities:
10.6%
10.45%
11.06%
Federal Home Loan Bank - securities:
10.886%
10.96%
11.14%
Special Debt Capital
General Revenue Service Projects Proprietary
Fund Funds Funds Funds Fund Type Total
$ 1,000,000 - - - - 1,000,000
- - 300,000 - - 300,000
- 1,000,000 2,000,000 - 3,000,000
1,000,000 - - - 1,000,000
1,000,000 - 1,000,000
1,000,000 1,000,000 1,300,000 3,000,000 6,300,000
1,000,000 - - 1,000,000
- 1,000,000 - 1,000,000
1,000,000 - 1,000,000
1,000,000 - 1,000,000
1,000,000 1,000,000
1,000,000 3,000,000 1,000,000 5,000,000
1,000,000 - - - - 1,000,000
1,000,000 - - 1,000,000
1,000,000 1,000,000 2,000,000
- 100,000 - - - 100,000
100,000 - - - 100,000
750,000 - - - 750,000
- - 1.000.000 - 1.000.000
2,000,000 1,950,000 3,300,000 7,000,000 1,000,000 15,250,000
1,100,000 1,100,000
1,000,242 - - - - 1,000,242
- - - 1,000,254 - 1,000,254
1,001,119 1,001,119
1,000,242 - 2,001,373 3,001,615
969,977 - 969,977
963,822 - 963,822
994,363 - 994 363
2,928,162 - 2.928.1-5
$ 3,000,242 1,950,000 3,300,000 13,029,535 1,000,000 22,279,777
(Continued)
10
KODIAK ISLAND BOROUGH
Notes to Combined Financial Statements
(4) Annual Appropriation to the School District
An annual appropriation is made to the School District in order to provide the
School District with total resources in a fiscal year equal in amount to the
expenditures and encumbrances incurred (excluding the net effect of student -
generated financial activity). That portion (an amount of $43,588 in the
year ended June 30, 1984) of the annual budgeted appropriation in excess of
the amount necessary to balance the School District's total annual resources
to its annual expenditures and encumbrances (excluding the net effect of
student - generated financial activity) lapses to the Borough at year -end.
In addition to the annual appropriation, the Borough provides the School
District, without charge, general liability and property insurance and the
annual independent audit.
(5) Hospital Appropriation
By terms of the operating agreement with the Lutheran Hospitals and Homes
Society of America, the Borough is ultimately responsible for operating
losses (as contractually defined), if any, sustained by the Hospital.
Shared revenue received by the Borough from the State of Alaska includes
$250,000, required to be passed through to the Hospital. The Borough
recorded this amount as intergovernmental revenue and the pass- through as an
! expenditure for Hospital support.
The audited financial statements of the Hospital at December 31, 1983 and for
the year then ended reflect the following:
Excess of revenue over expenses before depreciation
Excess of revenue over expenses after depreciation
Fixed assets, net
Total assets
Fund balance, including Borough equity in
fixed assets
$ 779,645
$ 601,387
$ 3,487,556
$ 5,591,827
$ 5,401,762
(Continued)
11
KODIAK ISLAND BOROUGH
Notes to Combined Financial Statements
(6) Retirement Commitments
As of June 30, 1984, substantially all employees of the Borough and School
District participate in either PERS or TRS. Both systems are defined benefit
retirement plans to which employees and employers both contribute. The rate
of employers' contribution to PERS and TRS is set periodically by the
retirement systems based on actuarial evaluation.
The PERS actuarial present value of benefits, both vested and nonvested combined
(the distinction between actuarial present values of vested and nonvested
benefits is not available), assuming an 8% annual return on assets at
June 30, 1983 (date of latest actuarial study available), was $538,104 for
the Borough and $1,678,809 for the School District. The net pension fund
assets available for benefits were $633,401 for the Borough and $538,104 for
the School District. Total 1984 pension plan expense for PERS, including
amortization of past service costs over 25 years, was as follows:
Borough School District Total
$ 168,201 646,603 814,804
In July 1983 the Borough paid $12,241 to eliminate its past service costs. In
June 1984, the School District paid $267,117 to eliminate its past service
costs.
The TRS actuarial present value of benefits, both vested and nonvested combined,
and the net pension fund assets available for benefits segregated for the
School District are not available. TRS is a joint contributory retirement
system to provide benefits for teachers of the State of Alaska. The employee
contributes a percentage of base salary accrued from July 1 to the following
June 30. The School District and the State of Alaska each contributes an
amount equal to one half of the amount required in addition to member
contributions to finance the benefits of the system. Total 1984 pension
expense for TRS was $573,096
Contributions to these plans are a percentage of eligible gross wages made by
both the employer and employee as follows:
19
Borough
PERS
Employee 4.25%
Employer 11.28
15.53%
�020M
34 -85
School
District
PERS TRS
4.25% 7.00%
11.40 8.98
15.65% 15.98%
1983 -84
School
Borough District
PERS PERS TRS
4.25% 4.25% 7.00%
12.17 13.35 8.71
16.42% 17.60% 15.71%
.MWEMM�
(Continued)
SF
KODIAK ISLAND BOROUGH
Notes to Combined Financial Statements
(7) Long -term Debt
The following is a summary of long -term debt for
the year ended June 30,
1984:
General
Interest
Maturity
Payments
Authorized
Obligation Bonds
Rates
Dates
Issue date
date
Dates
Amount
Year Amount
Term bonds -
Hospital building
4.875%
Nov.1 -May 1
May 1,1967
May 1,1987
May 1,1987
$ 300,000
1967 $ 300,000
Serial bonds:
Schools
3.625 - 3.875%
Sep.1 -Mar.1
Mar.1,1965
Mar.1,1985
Mar.1,1985
25,000
1963 500,000
Schools
5 -5.75%
Sep.1 -Mar.1
Jan.1,1967
Sep.1,1987
Sep.1,1984
50,000
1965 450,000
Sep.1,1985
50,000
Sep.1,1986
50,000
Sep.1,1987
50,000
Schools refunding
5 -5.75%
Aug.1 -Feb.1
Apr.1,1974
Aug.1,1985
Aug.1,1984
195,000
1974 4,000,000
Aug.1,1985
210,000
Schools refunding
7.25%
Aug.1 -Feb.1
Aug.1,1974
Aug.1,1992
Aug.1,1986
215,000
1974 1,900,000
Aug.1,1987
235,000
Aug.1,1988
250,000
Aug.1,1989
270,000
Aug.1,1990
290,000
Aug.1,1991
310,000
Aug.1,1992
330,000
Schools
7.3 -9Z
Aug.1 -Feb.1
Aug.1,1980
Aug.1,2000
Aug.1,1984
340,000
1979 29,000,000
Aug.1,1985
370,000
Aug.1,1986
395,000
Aug.1,1987
430,000
Aug.1,1988
465,000
Aug.1,1989
to
Aug.1,1993
2,935,000
Aug.1,1994
to
Aug.1,1998
4,315,000
Aug.1,1999
to
Aug.1,2000
2,245,000
Junior High School
Variable
Quarterly
Jun.1,1983
Ju1.1,1986
Jul.1,
600,000
Renovation
Oct.1,1984
600,000
Jan.1,1985
600,000
Apr.1,1985
600,000
Jul.1,1985
600,000
oct.1,1985
600,000
Jan.1,1986
600,000
Apr.1,1986
1,000,000
Jul.1,1986
1,000,000
High School Auditorium
Variable
Quarterly
May 3,1984
Jul.1,1989
Oct.1,1984
400,000
Jan.1,1985
400,000
Apr.1,1985
400,000
Jul.1,1985
400,000
Oct.1,1985
400,000
Jan.1,1986
400,000
Apr.1,1986
450,000
Jul.1,1986
450,000
Oct.1,1986
450,000
Jan.1,1987
450,000
Apr.1,1987
500,000
Jul.1,1987
500,000
Oct.1,1987
500,000
Jan.1,1988
500,000
Apr.1,1988
550,000
Jul.1,1988
550,000
Oct.1,1988
550,000
Jan.1,1989
550,000
Apr.1,1989
550,000
Jul.1,1989
550,000
$ 30,0�25�
$ 36, 150,,000
12,100,000 290,000 - 11,810,000
7,400,000 - - 7,400,000
315,000 11,495,000
- 1,200,000 6,200,000 1,577,471 1,711,837
9,500,000 - 9,500,000 987,981 1,103,231
26,650,000 2,050,000 2,325,000 22,275,000 9,500,000 1 30,025,000
Prior years
Balance at
Current year
Balance at Sinking Fund
Issued
Retired Refunded
July 1, 1983
Issued Retired
June 30, 1984 Required Available
300,000
- -
300,000
- -
300,000 270,000 304,622
500,000
450,000 -
50,000
- 25,000
25,000
450,000
200,000 -
250,000
- 50,000
200,000
4,000,000
1,110,000 2,325,000
565,000
- 160,000
405,000
1,900,000
- -
1,900,000
- -
1,900,000
12,100,000 290,000 - 11,810,000
7,400,000 - - 7,400,000
315,000 11,495,000
- 1,200,000 6,200,000 1,577,471 1,711,837
9,500,000 - 9,500,000 987,981 1,103,231
26,650,000 2,050,000 2,325,000 22,275,000 9,500,000 1 30,025,000
13
KODIAK ISLAND BOROUGH
Notes to Combined Financial Statements
Refunding Bonds
During 1974, the Borough defeased existing bonds by utilizing the proceeds of
bonds then issued. The proceeds from the "refunding bonds" (issued in the
amount of $2,325,000) have been invested in U.S. Government securities at an
interest rate which will result in a return of proceeds that, when added to
the securities' principal balances, will be sufficient to meet the interest
and principal requirements of the defeased bonds.
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, 1984 is summarized as follows:
Bond principal Investments
outstanding held in trust
Series 1974A School bonds,
5.25% to 5.7 %, due in
installments to 1992 $ 2,100,000 2,008,062
*Central Bank of Denver as Trustee
(7) Changes in General Fixed Assets Account Group
A summary of changes in the General Fixed Assets Account Group for the year
ended June 30, 1984 follows:
(Continued)
Balance at
Balance at
July 1, 1983
Net change
June 30, 1984
Land
$ -
-
-
Buildings
19,889,827
9,343,770
29,233,597
Improvements other
than buildings
-
1,146,422
1,146,422
Equipment
214,757
1,458,143
1,672,900
Construction work
in progress
23,398,042
( 12,577,944 )
10,820,098
$ 43,502,626
(629,609
42,873,017
(Continued)
14
KODIAK ISLAND BOROUGH
Notes to Combined Financial Statements
(9) Litigation
The Borough, in the normal course of its activities, is involved in various
claims and pending litigation. In the opinion of management, the Borough has
adequate insurance coverage to prevent these matters from having a material
adverse effect on the Borough combined financial statements; however, the
outcome of these matters is not presently determinable.
(10) Contingent Liabilities
The Borough participates in a variety of State and Federal assistance grant pro-
grams. These programs are subject to program compliance reviews by the
grantors or their representatives. The audits of these programs for and
including the year ended June 30, 1984 have not yet been conducted. Accord-
ingly, compliance with applicable grant requirements by the Borough will be
established at some future date. The amount, if any, of expenditures which
may be disallowed by the granting agencies cannot be determined at this time
although the Borough expects such amounts, if any, to be immaterial.
KODIAK ISLAND BOROUGH
General Fund
Balance Sheet
June 30, 1984
with comparative figures for 1983
Assets 1984 1983
Cash and investments:
Temporary cash investments $ 3,000,242 3,250,000
Other cash balances 1,710 1,718
Total cash and investments 3,001,952 3,251,718
Receivables:
Property taxes:
Areawide role due in subsequent year 1,605,979 1,575,355
Delinquent taxes 30,099 32,488
Allowance for uncollectible delinquent taxes (22,777 (24,289
Net property taxes 1,613,301 1,583,554
State of Alaska 802,187 854,074
Accrued interest receivable 54,312 27,941
Other 1,247 -
Net receivables 2,471,047 2,465,569
Receivable from Lion Capital Group Chapter 11
Bankruptcy Trustee 1,000,000 -
$ 6,472,999 5,717,287
Liabi an d Fund Balance 1984 1983
Liabilities:
Advance from central treasury $ 2,001,084 1,324,889
Accounts payable 52,509 56,065
Payroll taxes accrued and withheld 9,371 2,839
Employee benefits accrued and withheld 61,664 73,377
Other accrued liabilities 153 55
Deferred revenue areawide tax role due in
subsequent year 1,605,979 1,575,355
Total liabilities 3,730,760 3,032,580
Fund balance:
Reserved:
Encumbrances 14,951 14,437
Receivable from Lion Capital Group Chapter 11
Bankruptcy Trustee 1,000,000 -
Unreserved:
Designated:
Working capital 900,000 900,000
Subsequent year expenditures 770,533 323,092
Undesignated 56,755 1,447,178
Total fund balance 2,742 2,684,707
$ 66 47� 5,717,287
Schedule 2
KODIAK ISLAND BOROUGH
General Fund
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual
Year ended June 30, 1984
with comparative figures for 1983
Building rental:
Other local governments
Other tenants
Total building rental
94,954
23,110
118,064
Investments and property:
Interest income
Lease rentals on land and building
Computer rental
Total investments and property
Total revenues
250,000
403,861
1984
627,500
7,200
9,298
2,098
7,216
Variance
44,149
457,308
4 149
160,10
27,396
662, 112
favorable
1983
Budget
Actual
(unfavorable)
actual
Revenues:
Property taxes:
General
3 1,493,900
1,492,656
(1,244)
1,423,891
Penalty and interest
20,000
29,815
9,815
51,797
Payment in lieu of taxes
320,990
320,990
-
315,570
Total property taxes
1,834,890
1,843,461
8,571
1,791,258
Intergovernmental:
State sources:
State shared revenue
800,000
745,522
(54,478)
911,042
Day care grant
162,140
190,454
28,314
167,819
Outer continental shelf grant
_
_
-
22,976
Municipal assistance
425,340
724,280
298,940
793,256
Raw fish tax
420,000
709,477
289,477
884,740
Electric co -op tax
5,380
5,515
135
9,194
Motor vehicle tax
161,930
165,305
3,375
168,104
Miscellaneous
160
292
132
2,368
Total State sources
1,974,950
2,540,845
565,895
2,959,499
Federal sources
1,400
1,596
196
1,651
Total intergovernmental
1,976,350
2,542,441
566,091
2,961,150
Licenses, permits, fees and other local revenues:
Buildings and trailers
35,500
21,783
(13,717)
41,739
Subdivision and zoning fees
12,800
12,996
196
3,705
Sale of copies
4,500
2,002
(2,498)
4,980
Sale of general fixed assets
50,000
383
(49,617)
20,576
Miscellaneous
37,840
7,420
(30,420)
46,912
Total licenses, permits, fees
and other local sources
140,640
44,584
(96,056
117,912
Building rental:
Other local governments
Other tenants
Total building rental
94,954
23,110
118,064
Investments and property:
Interest income
Lease rentals on land and building
Computer rental
Total investments and property
Total revenues
250,000
403,861
153,861
627,500
7,200
9,298
2,098
7,216
40,000
297,200
44,149
457,308
4 149
160,10
27,396
662, 112
4,249,080 4,887,794 638,714 5,650,496
(Continued)
2 Schedule 2, Cont.
KODIAK ISLAND BOROUGH
General Fund
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual, Continued
1984
Variance
favorable
1983
Budget
Actual
(unfavorable)
actual
Expenditures:
Borough Assembly
$ 46,000
40,145
5,855
39,218
Manager's department
120,050
124,397
(4,347)
125,496
Clerk's department
143,290
133,094
10,196
137,746
Finance department
189,920
184,167
5,753
138,550
Legal department
133,360
118,633
14,727
95,412
Assessment department
229,780
216,675
13,105
220,708
Community development department
191,280
170,044
21,236
190,530
Engineering department
227,780
55,194
172,586
65,589
Health and sanitation
344,840
372,724
(27,884)
423,942
Data services
335,160
339,515
(4,355)
141,328
Outer continental shelf
-
-
-
20,000
Buildings and grounds
-
-
-
222,918
General administration
140,160
93,977
46,183
128,089
Building inspector's department
60,350
56,725
3,625
51,279
Civil defense
5,000
-
5,000
3
Hospital support
364,834
321,9
42,885
262,775
Facilities coordinator department
183,430
1,211
182,219
7,657
Education support
57,000
57,000
-
62,000
Other
12,240
12,240
-
-
Total expenditures
2,784,474
2,297,690
4 6,784
2,333,240
Excess of revenues over expenditures
1,464,606
2,590,104
1,125,498
3,317,256
Operating transfers from other funds:
Special Revenue - Karluk Fire Service District
-
-
-
83
Capital Projects - State School Construction
-
121,160
121,160
-
Total operating transfers from other funds
-
121,160
121,160
83
Operating transfers to other funds:
Special Revenue:
Borough /City Joint Census
-
-
-
20,000
Mental Health Center
30,000
-
30,000
10,000
Education
1,522,500
1,478,912
43,588
1,324,788
Buildings and Grounds
110,710
110,710
-
-
Debt Service - School Bonds
227,350
227,350
-
1,811,550
Capital Projects:
State Capital Grants
15,000
15,000
-
-
Local Service Roads and Trails
-
-
-
2,034
State Municipal Aid Program
25,000
25,000
-
-
Various Borough Projects
-
-
-
433,864
1980 and 1984 School Bond Improvements
776,550
714,943
61,607
2,391,508
HUD Funded Small Cities
-
-
-
2,170
Hospital Improvements
70,000
74,717
(4,717)
22,077
State School Construction
17,910
17,910
83,200
Total operating transfers to other funds
2,795,020
2,664,542
130,478
6,101,191
Net operating transfers
( 2,795,020 )
( 2,543,382 )
251,638
( 6,101,108 )
Excess (deficiency) of revenues
and operating transfers from
other funds over expenditures and
operating transfers to other funds
(1,330,414)
46,722
1,377,136
(2,783,852)
Fund balance at beginning of year
2,684,707
2,684,707
-
5,468,559
Equity transfers
10,810
10,810
-
Fund balance at end of year
$ 1,354,293
2,742,239
1,387,946
2,684,707
Schedule 3
KODIAK ISLAND BOROUGH
General Fund
Statement of Expenditures and Transfers - Budget and Actual
Year ended June 30, 1984
with comparative figures for 1983
1984
Variance
favorable
1983
Budget
Actual
(unfavorable)
actual
Expenditures:
Borough Assembly:
Mayor honorariums and amenities
$ 100
80
20
-
Mayor compensation
1,200
1,233
(33)
1,200
Assembly compensation
8,400
11,787
(3,387)
8,100
Retirement contribution
1,170
910
260
1,871
Office supplies
200
-
200
142
Telephone and telegraph
1,050
120
930
645
Travel and per diem - Mayor
4,000
2,402
1,598
2,658
Travel and per diem - Assembly
12,000
8,342
3,658
11,625
Insurance and bonding
6,180
5,165
1,015
4,138
Printing and binding
3,000
4,101
(1,101)
104
Publications and dues
5,700
3,291
2,409
7,503
Miscellaneous
1,000
2,204
(1,204)
1,232
Legislative effort
2,000
510
1,490
Total Borough Assembly
46,000
40,145
5,855
39,218
Manager's department:
Borough manager salary
60,000
56,425
3,575
59,000
Secretary salary
25,670
25,361
309
24,254
Unemployment tax
860
260
600
760
Social security tax
4,180
4,237
(57)
3,951
Group insurance
4,150
4,292
(142)
3,426
Worker's compensation
510
722
(212)
1,273
Termination reserve
1,000
13,029
(12,029)
1,830
Retirement contribution
10,630
10,352
278
21,054
Professional development
3,000
1,484
1,516
850
Office supplies
1,800
554
1,246
1,657
Telephone and telegraph
1,800
1,515
285
2,133
Travel and per diem
2,000
891
1,109
1,254
Insurance and bonding
100
-
100
88
Repairs and maintenance
650
245
405
517
Printing and binding
700
2,381
(1,681)
884
Publications and dues
1,000
873
127
997
Furniture and fixtures
500
-
500
120
Boards and committees
1,500
1,006
494
1,448
Personnel recruitment
770
(770
Total manager's department
120,050
124,397
(4,347
125,496
Clerk's department:
Clerk salary
46,020
46,021
(1)
44,410
Secretary salary
27,190
27,007
183
23,062
Unemployment tax
860
431
429
752
Social security tax
4,100
4,390
(290)
3,855
Group insurance
3,970
4,547
(577)
4,329
Worker's compensation
510
665
(155)
1,250
Termination reserve
3,500
-
3,500
3,338
Retirement contribution
8,540
8,918
(378)
8,461
Professional development
3,550
3,347
203
1,692
Office supplies
3,000
960
2,040
3,470
Telephone and telegraph
1,000
910
90
996
Advertising and public hearings
5,000
4,643
357
5,134
Travel and per diem
1,250
469
781
1,751
Postage
7,700
7,657
43
4,000
Election - local
15,000
9,646
5,354
13,941
Election - State
-
-
-
8
Professional services
3,500
1,166
2,334
-
Insurance and bonding
100
88
12
88
Repairs and maintenance
1,500
1,308
192
725
Printing and binding
6,000
6,137
(137)
4,722
Publications and dues
500
532
(32)
344
Furniture and fixtures
-
3,834
(3,834)
11,184
Equipment lease /purchase
500
418
82
234
Total clerk's department
143,290
133,094
10,196
137,746
(Continued)
2 Schedule 3, Cont.
KODIAK ISLAND BOROUGH
General Fund
Statement of Expenditures and Transfers - Budget and Actual, Continued
1984
Variance
favorable
1983
Budget
Actual
(unfavorable)
actual
Finance department:
Finance director salary
$ 44,410
45,380
(970)
42,755
Bookkeeper salary
-
23,260
-
22,963
297
27,627
22,604
Cashier salary
Accountant salary
35,560
34,292
1,268
5,504
Accounting clerk I salary
28,960
.22,891
-
6,069
-
-
1,360
Personnel recruitment
-
1,730
1,143
587
1,290
Unemployment tax
Social security tax
8,470
8,381
89
6,057
Group insurance
5,960
1,020
5,810
1,098
150
(78)
4,398
1,948
Worker's compensation
Termination reserve
3,660
3,474
186
3,618
Retirement contribution
16,090
15,745
345
12,057
Professional development
4,000
3,101
899
255
Office supplies
3,000
3,949
(949)
3,279
Telephone and telegraph
2,300
2,017
283
2,628
Advertising and public hearings
2,000
389
1,611
2,153
Travel and per diem
2,500
1,693
807
1,801
Postage
-
-
-
652
Insurance and bonding
1,750
5,368
(3,618)
1,350
Repairs and maintenance
1,150
1,500
514
2,219
636
(719)
397
1,167
Printing and binding
Publications and dues
1,000
1,227
(227)
1,242
Furniture and fixtures
1,600
635
965
1,694
Machinery and equipment
-
2,303
(2,303)
-
Costs allocated to projects
-
(425
425
(7,286
Total finance department
189,920
184,167
5,753
138,550
Legal department:
Court costs and litigation allowance
29,000
15,847
13,153
5,220
Telephone and telegraph
1,200
838
362
1,511
Advertising and public hearings
15,000
13,024
1,976
14,044
Travel and per diem
2,500
2,343
157
3,456
Professional services
85,000
87,807
(2,807)
70,390
Miscellaneous
660
969
(309)
791
Costs allocated to projects
-
133,3TO
(2 195)
11 33
2,195
14,727
-
95,412
Total legal department
Assessment department:
Appraiser /assessor salary
41,240
40,968
272
16,644
Assistant assessor salary
34,020
28,524
5,496
36,540
Assessing clerk salary
20,860
20,358
502
20,191
Appraiser 1 salary - temporary
30,100
31,515
(1,415)
58,898
Personnel recruitment
-
-
-
5,122
Unemployment tax
1,730
1,198
532
2,260
Social security tax
8,120
8,299
(179)
8,768
Group insurance
6,950
6,348
602
6,058
Worker's compensation
4,020
2,751
1,269
3,566
Termination reserve
3,130
-
3,13
(1,455)
Retirement contribution
15,110
14,720
390
16,942
Professional development
2,600
2,272
328
552
Office supplies
3,000
1,616
1,384
3,327
Telephone and telegraph
950
1,758
(808)
986
Advertising and public hearings
4,000
1,484
2,516
3,631
Travel and per diem
11,000
10,666
334
8,290
Postage
-
-
-
2,965
Professional services
-
-
-
24,567
Insurance and bonding
100
250
(150)
-
Repairs and maintenance
700
248
452
342
Printing and binding
2,000
1,161
839
1,514
Publications and dues
1,000
1,084
(84)
1,000
Furniture and fixtures
750
5,227
(4,477)
-
Boards and committees
400
200
200
-
Maps
38,000
36,028
1,972
-
Total assessment department
229,780
216,675
13,105
220,708
(Continued)
Schedule 3, Cont.
KODIAK ISLAND BOROUGH
General Fund
Statement of Expenditures and Transfers - Budget and Actual, Continued
Community development department:
Planning director salary
Zoning assistant salary
Planner V salary
Secretary salary
Unemployment tax
Social security tax
Group insurance
Worker's compensation
Termination reserve
Retirement contribution
Professional development
Office supplies
Telephone and telegraph
Advertising and public hearings
Travel and per diem
Professional services
Repairs and maintenance
Maps
Printing and binding
Publications and dues
Furniture and fixtures
Boards and committees
Costs allocated to projects
Total community development
Engineering department:
Engineer salary
Civil engineer I salary
Construction inspectors salaries
Chainman /rodman salary
Draftsman salary
Secretary salary
Extra overtime help
Unemployment tax
Social security tax
Group insurance
Worker's compensation
Termination reserve
Retirement contribution
Professional development
Office supplies
Telephone and telegraph
Advertising and public hearings
Travel and per diem
Professional services
Repairs and maintenance
Printing and binding
Maps
Survey and blueprint supplies
Publications and dues
Furniture and fixtures
Machinery and equipment
Costs allocated to projects
Total engineering department
department
1984
Variance
favorable 1983
Budget Actual (unfavorable) actual
45,280 44,737
31,930 25,825
3,900
3,868
24,500
28,504
1,730
923
8,670
6,931
6,540
3,666
4,020
2,520
10,000
8,916
17,310
12,338
3,000
1,965
3,000
1,812
1,200
1,651
6,800
7,601
3,000
3,334
2,500
708
1,000
124
1,500
-
5,000
4,109
1,500
1,813
500
174
8,400
8,525
191,280 170,044
543
6,105
32
(4,004)
807
1,739
2,874
1,500
1,084
4,972
1,035
1,188
(451)
(801)
(334)
1,792
876
1,500
891
(313)
326
(125 )
21,236
43,304
29,386
19,238
22,699
1,455
6,905
6,787
3,903
7,960
14,383
1,150
3,210
1,645
4,585
1,038
6,290
1,303
1,293
4,753
1,910
2,142
8,300
(3,109
190,530
50,030
19,200
43,600
3,000
21,000
22,770
2,000
2,160
9,900
6,460
4,450
5,230
19,430
1,500
2,000
1,200
500
1,500
1,000
1,600
1,000
2,250
500
500
5,000
227,780
50,031
20,178
44,445
1,609
7,083
23,862
866
8,828
6,929
4,388
2,505
18,097
1,419
2,176
1,255
986
1,221
1,820
180
1,972
1,130
1,100
119
760
4,092
(151,857
55,194
(1)
(978)
(845)
1,391
13,917
(1,092)
2,000
1,294
1,072
(469)
62
2,725
1,333
81
(176)
(55)
(486)
279
(1,820)
820
(372)
(130)
1,150
381
(260)
908
151 , 857
172,586
48,323
25,163
19,729
7,534
15,751
23,263
2,305
8,780
5,658
4,767
2,940
16,921
1,389
1,876
1,342
319
261
5,567
1,016
440
613
2,000
178
2,152
5,286
(137,984)
�7 589
(Continued)
4 Schedule 3, Cont.
KODIAK ISLAND BOROUGH
General Fund
Statement of Expenditures and Transfers - Budget and Actual, Continued
1984
Variance
favorable
1983
Budget
Actual
(unfavorable)
actual
Health and sanitation:
Council on Alcoholism
$ 28,000
28,000
-
86,760
Senior citizens
-
-
-
-
-
-
5,000
1,588
Health clinic support
48,000
48,000
-
48,000
Village health services
Kodiak Area Native Association
16,000
16,000
-
16,000
Day care
160,840
188,724
(27,884)
166,294
Small World, Inc.
Women's Resource Center
-
31,000
-
31,000
-
-
9,300
31,000
Kodiak Baptist Mission
60,000
60,000
-
60,000
American Red Cross
Total health and sanitation
1,000
344,840
1,000
372,724
-
(27,884
-
423,942
Data services:
Systems analyst /programmer salary
42,770
33,260
9,510
37,254
Data technician salary
23,020
25,983
(2,963)
21,495
Unemployment tax
860
509
351
740
Social security tax
4,020
3,929
91
3,759
Group insurance
2,480
2,375
105
1,942
Worker's compensation
510
523
(13)
1,2
Termination reserve
1,960
7,820
2,493
7,537
(533)
283
13
6,999
Retirement contribution
Professional development
6,400
3,930
2,470
5,727
Office supplies
500
243
257
6,708
Telephone and telegraph
750
1,086
(336)
902
Travel and per diem
1,500
1,603
(103)
1,220
Professional services
-
30,000
47,577
21,239
(47,577)
8,761
20
18,460
Repairs and maintenance
50
57
(7)
8
Printing and binding
1,000
284
716
353
Publications and dues
Furniture and fixtures
1,000
437
563
2,151
Machinery and equipment
188,720
164,115
24,605
20,234
Equipment lease /purchase
11,400
10,286
1,114
481
Equipment rental
2,600
1,843
757
11,501
Operating supplies
7,800
6,971
829
-
Personnel recruitment
-
3,235
(3,235
-
Total data services
335,160
339,515
(4,355
141,328
Outer continental shelf:
-
-
8,341
Coordinator salary
-
-
464
Social security tax
-
-
-
-
207
Group insurance
-
-
838
Retirement contribution
-
-
Office supplies
-
-
-
-
750
699
Telephone and telegraph
-
-
-
149
Advertising and public hearings
-
-
-
-
-
3,800
Travel and per diem
-
-
4,047
Professional services
-
-
677
Printing and binding
-
-
-
28
Publications and dues
-
-
Total outer continental shelf
-
-
-
20,000
Buildings and grounds:
-
-
17,636
Telephone and telegraph
-
-
-
3,37
Insurance and bonding
-
-
-
28,907
Repairs and maintenance
-
-
-
26,527
Janitorial
-
-
-
8,000
Snow removal
-
-
-
89,643
Utilities
-
-
-
2,433
Construction and remodeling
-
Assembly chambers renovation
-
-
-
9,255
Kana Apartments - heating control
-
-
-
37,143
Total buildings and grounds
-
-
-
222,918
(Continued)
5 Schedule 3, Cont.
KODIAK ISLAND BOROUGH
General Fund
Statement of Expenditures and Transfers - Budget and Actual, Continued
Building inspector's department:
Building official salary
Extra overtime help
Unemployment tax
Social security tax
Group insurance
Worker's compensation
Termination reserve
Retirement contribution
Office supplies
Telephone and telegraph
Advertising and public hearings
Travel and per diem
Printing and binding
Furniture and fixtures
Continuing education
Publications and dues
Total building inspector's department
42,640
2,000
430
2,450
1,580
1,760
5,190
800
500
500
500
500
750
750
60,350
5,000
42,735
150
2,529
1,916
1,572
5,216
60
123
153
363
1,320
588
56,725
(95)
2,000
280
(79)
(336)
188
40,554
Civil defense - repairs and maintenance
Hospital support:
Automobile insurance
Repairs and maintenance
State revenue sharing
Telephone and telegraph
Ambulance service
Total hospital support
1,450
250,000
63,384
50 , 000
364,834
(26)
740
377
500
347
137
(570)
162
3,625
5,000
949 501
250,000 -
21,000 42,384
50,000
321,949 425
(Continued)
412
2,135
1,681
1,618
(2,760)
5,184
758
343
317
120
340
577
51,279
3
778
11,997
250,000
262,775
1984
Variance
favorable
1983
Budget
Actual
(unfavorable)
actual
General administration:
Secretary salary
$ 21,760
22,534
(774)
20,837
Unemployment tax
430
1,490
286
1,553
144
(63)
472
1,405
Social security tax
1,980
2,552
(572)
1,906
Group insurance
Worker's compensation
250
202
48
620
Termination reserve
750
2,650
-
2,750
750
(100)
945
2,613
Retirement contribution
Professional development
10,000
5,435
4,565
458
Office supplies
250
148
102
450
Advertising and public hearings
Automobile repairs and maintenance
-
14,000
-
7,448
-
6,552
159
13,790
Insurance and bonding
500
3,000
5,570
1,688
(5,070)
1,312
500
2,081
Repairs and maintenance
Audit and consultants
22,500
22,806
(306)
38,556
Capital outlay - automotive
12,000
44
11,956
8,815
Contribution to Chamber of Commerce
6,880
27,560
6,880
27,560
-
-
5,500
26,500
Contributions
Miscellaneous
300
(13,479)
13,779
2,482
Pesonnel recruitment
10,000
-
10,000
-
Contingencies
3,860
-
3,860
-
Total general administration
140,160
93,977
46,183
128,089
Building inspector's department:
Building official salary
Extra overtime help
Unemployment tax
Social security tax
Group insurance
Worker's compensation
Termination reserve
Retirement contribution
Office supplies
Telephone and telegraph
Advertising and public hearings
Travel and per diem
Printing and binding
Furniture and fixtures
Continuing education
Publications and dues
Total building inspector's department
42,640
2,000
430
2,450
1,580
1,760
5,190
800
500
500
500
500
750
750
60,350
5,000
42,735
150
2,529
1,916
1,572
5,216
60
123
153
363
1,320
588
56,725
(95)
2,000
280
(79)
(336)
188
40,554
Civil defense - repairs and maintenance
Hospital support:
Automobile insurance
Repairs and maintenance
State revenue sharing
Telephone and telegraph
Ambulance service
Total hospital support
1,450
250,000
63,384
50 , 000
364,834
(26)
740
377
500
347
137
(570)
162
3,625
5,000
949 501
250,000 -
21,000 42,384
50,000
321,949 425
(Continued)
412
2,135
1,681
1,618
(2,760)
5,184
758
343
317
120
340
577
51,279
3
778
11,997
250,000
262,775
L
KODIAK ISLAND BOROUGH
General Fund
Statement�of Expenditures and Transfers - Budget and Actual, Continued
Schedule 3, Cont.
1984
Variance
favorable
1983
Budget
Actual
(unfavorable)
actual
Facilities coordinator department:
Managerial salaries
$ 52,550
13,000
39,550
50,769
Construction inspectors salaries
38,990
43,567
(4,577)
63,351
Secretary salary
22,560
26,132
(3,572)
25,282
Unemployment tax
1,300
593
707
2,534
Social security tax
6,440
5,175
1,265
8,565
Group insurance
5,050
5,027
23
6,209
Worker's compensation
3,770
2,576
1,194
5,229
Termination reserve
4,780
5,300
(520)
8,524
Retirement contribution
13,890
10,311
3,579
18,518
Office supplies
3,000
1,753
1,247
3,696
Telephone and telegraph
12,000
4,567
7,433
11,643
Advertising and public hearings
1,000
-
1,000
1,632
Travel and per diem
12,000
1,379
10,621
9,448
Repairs and maintenance
1,500
134
1,366
383
Blueprint supplies
100
-
100
565
Printing and binding
2,000
1,004
996
1,618
Publications and dues
500
355
145
140
Furniture and fixtures
-
-
-
610
Continuing education
2,000
1,967
33
709
I Costs allocated to projects
-
(143,901)
143,901
(211,768)
Professional services
22,272
(22,272
Total facilities coordinator department
183,430
1,211
182,219
7,657
Education support:
Library
35,000
35,000
-
40,000
Community college
10,000
10,000
-
10,000
Village libraries
12,000
12,000
12,000
Total education support
57,000
57,000
62,000
Other - PERS unfunded liability
12,240
12,240
Total expenditures
2,784,474
2,297,690
486,784
2,333,240
Transfers to other funds:
Special Revenue Funds:
Borough /City Joint Census
-
-
-
20,000
Mental Health Center
30,000
-
30,000
10,000
Education
1,522,500
1,478,912
43,588
1,324,788
Buildings and grounds
110,710
110,710
-
-
Debt Service Funds - School Bonds
227,350
227,350
-
1,811,550
Capital Projects Fundz:
State Capital Grants
15,000
15,000
-
-
Local Service Roads and Trails
-
-
-
2,034
State Municipal Aid Program
25,000
25,000
-
-
Various Borough Projects
-
-
-
433,864
1980 and 1984 School Bond Improvements
776,550
714,943
61,607
2,391,508
HUD Funded Small Cities
-
-
-
2,170
Hospital Improvements
70,000
74,717
(4,717)
22,077
State School Construction
17,910
17,910
83,200
Total transfers to other funds
2,795,020
2,664,542
130,478
6,101,191
$ 5,579,494
4,962,232
617,262
8,434,431
KODIAK ISLAND BOROUGH
Special Revenue Funds
Combining Balance Sheet
June 30, 1984
with comparative totals for 1983
Assets
Equity in central treasury
Time certificates of deposit
Other cash balances
Receivables:
State of Alaska
Federal government
Land sales contracts, due within one year
Accrued interest
Other
Allowance for doubtful receivables
Inventories
Land sales contracts receivable, due after one year
Fire and
Fire
Borough /City Bells
Land Sales Joint Census Area 1 Flats
$ 27,293 10,195 104,300 10,251
1,750,000 - - -
180,364 - - -
22,934 - - -
2,203,724 - - -
$ 4,184,315 10,195 104,300 10,251
Liabilities and Fund Balances
Liabilities:
Bank overdraft
Advance from central treasury
Accounts payable
Salaries payable
Payroll taxes accrued and withheld
Employee benefits accrued and withheld
Other accrued liabilities
Customer deposits
Deferred and unrealized revenues
Due to other funds
Total liabilities
Fund balances (deficits):
Reserved for encumbrances
Unreserved:
Designated for subsequent year expenditures
Undesignated
Total fund balances
9,350
2,590
553
619
-
-
1,798
-
-
-
-
300
2,384,088
-
-
-
2,393,438
2,590
2,351
919
72,061
1,040
-
-
-
-
-
930
1,718,816
6,565
101,949
8,402
1,790,877
7,605
101,949
9,332
$ 4184,315
10
104,300
10,251
Schedule 4
4,801 42,128 41,719 282,381 261,393 501 2,827,088 55 7,824,133 6,3574
Federal and
Road Service
Districts
State
Grant Programs
Road
Federal
Mental
Buildings
Totals
Monashka
Bells
Revenue
Health
and
(memorandum only)
District 1
Flats
Sharing
Center
Ener
Education
Grounds
1984
1983
4,801
42,128
41,719
125,305
65,308
-
2,101,318
55,061
2,587,679
1,212,856
-
-
-
100,000
100,000
-
-
-
1,950,000
1,300,000
-
100
-
27,158
-
27,258
43,516
-
-
-
-
32,933
501
553,929
-
587,363
46,481
-
-
-
55,036
-
-
-
-
55,036
917,939
-
-
-
6,912
-
187,276
147,195
2,040
550
-
-
-
25,524
27,256
-
-
-
-
74,510
-
-
-
74,510
96,263
-
(12,008)
-
-
-
(12,008)
(13,113)
-
137,771
-
137,771
147,304
2,203,724
2,384,877
4,801
42
41,719
282 81
26
501
2
55 061
7 824 1
66 10 574574
-
215,375
-
215,375
-
-
-
-
501
-
-
501
23,222
-
-
-
169
10,212
-
102,608
6,256
132,357
142,542
-
_
_
465,241
-
465,241
426,463
-
-
133,281
-
133,281
127,126
40,763
-
384,534
-
427,095
443,787
_
-
241;868
-
241,868
70,647
-
-
-
-
-
-
-
-
300
-
_
18,171
-
2,402,259
2,575,892
275,787
275,787
31,091
_
-
-
169
50,975
501
1,836,865
6,256
4,294,064
3,840,770
_
-
-
-
1,177
530
57,134
9,443
141,385
271,098
-
36,370
2,700
261,500
-
-
937,313
-
1,238,813
620,000
4,801
5,758
39,019
20,712
209,241
(a)
(4,224
39,362
2,149,871
1,578,706
4,801
42
41,719
282,212
210,418
990,223
48,805
3,530,069
2,469,804
4,801 42,128 41,719 282,381 261,393 501 2,827,088 55 7,824,133 6,3574
KODIAK ISLAND BOROUGH
Special Revenue Funds
Combining Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balances
Year ended June 30, 1984
with comparative totals for 1983
Fire and
Fire
Borough /City
Bells
Land Sales
Joint Census
Area 1
Flats
Revenues:
Property taxes
$ -
-
103,647
8,527
City of Kodiak
-
-
-
-
State sources
-
-
88,937
11,550
Federal sources
-
-
-
-
Land sale proceeds received
636,555
-
-
-
Licenses, permits, fees and other local revenues
42,552
-
32
4,800
Investments and property
137 367
-
2,975
-
Total revenues
81 ,474
195,591
24,877
Expenditures:
Capital improvements:
General
98,790
-
43,235
-
Service district maintenance
-
-
40,000
-
Planning and community development
24,072
-
-
-
Health and sanitation
-
-
-
-
Education support
-
-
-
-
General services
-
6679
56,803
14,639
Total expenditures
122,gb2
6,790
140,038
14,639
Excess (deficiency) of revenues over expenditures
693,612
(6,790
55,553
10,238
Transfers from other funds
-
-
-
-
Transfers to other funds
-
Net transfers
Excess (deficiency) of revenues and
transfers from other funds over
expenditures and transfers to other funds
693,612
(6,790)
55,553
10,238
Fund balances (deficits) at beginning of year
1,097,265
14,395
46,396
(906)
Equity transfer
-
-
-
-
Fund balances at end of year
$ 1,790,877
7,605
101,949
9,332
Schedule 5
Federal and
Service Districts State Grant Programs
Road Federal Mental Buildings Totals
Monashka Bells Revenue Health and (memorandum only)
AZ District 1 Flats Sharin Center Ener Education Grounds 1984 198
15,325 - 8,527 - - - - - 136,026 85,204
- 12,000
5,000 18,720 32,500 - 250,200 8,487 16,079,748 - 16,495,142 13,536,816
216,062 - 6,378 813,307 - 1,035,747 1,171,614
_ _ _ _ _ _ - 636,555 491,609
5,000 - 388,959 - 91,359 191,162 723,864 542,212
12,370 12,750 165,462 - 91,846
{ 20,325 18.720 46.027 228 651,90 14,865 16.984,414 191,162 19,192,796 15,931,301
I
142,025 146,077
10,599 22,610 32,642 - - - - - 105,851 174,722
14,865 - - 38,937 91,154
- 55,855 671,885 - - - 727,740 700,453
- 50,000 - - 15,148,859 - 15,198,859 14,154,985
r _ _ 7,200 - - - 253 = 067 338,499 29,679
10,599 22,610 32 113,055 671,885 14,865 15,148,859 2_53_067 16,551,911 15,297,070
9.726 (3,890 13,385 115,377 (19,976 - 1,835,555 (61,905 2,640,885
1,478,912 110,710 1,589,622 1,217,544
(15.000) - - - (3,155,242) - (3,170.242 (640,540)
(15.000) - - - (1,676,330) 110,710 (1,580,620) 577,004
9,726 (3,890) (1,615) 115,377 (19,976) - 159,225 48,805 1,060,265 1,211,235
(4,925) 46,018 43,334 166,835 230,394 - 830,998 - 2,469,804 1,259,190
( 621
4,801 42,128 41,719 282,212 210,418 - 990,22 48,805 5 -3 30.®, 2,469,804
Schedule 6
KODIAK ISLAND BOROUGH
Special Revenue Funds
Land Sales
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual
Year ended June 30, 1984
with comparative figures for 1983
Revenues:
Land sales proceeds received
Penalty and interest
Recording fees
Permit fees
Investment income
Gravel sales
Total revenues
Expenditures:
Capital improvements - general:
Survey and appraisal
Improvements
Support costs
Planning and community
development:
Land management
Land disposal grant
Total expenditures
Excess of revenues
over expenditures
Fund balance at beginning of year
Fund balance at end of year
1984
Variance
favorable
1983
Budget
Actual
(unfavorable)
actual
$ 400,000
636,555
236,555
491,609
4,610
140
(4,470)
-
-
255
255
-
15,000
15,000
-
15,000
72,300
137,367
65,067
75,366
20,000
27,157
7,157
14
511,910
816,474
304,564
596,428
5,000
27,902
(22,902)
91,754
443,210
70,361
372,849
-
16,200
527
15,673
20,886
47,500
11,530
35,970
43,139
12,542
(12,542
4,393
511,910
122,862
389,048
160,172
-
693,612
693,612
436,256
1,097,265
1,097,265
-
661,009
$ 11 09
1,7977
693,612
1,09�7_,2�65
Schedule 7
KODIAK ISLAND BOROUGH
Special Revenue Funds
Borough /City Joint Census
Statement of Revenue, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual
Year ended June 30, 1984
with comparative figures for 1983
1984
Revenue from City of Kodiak
Expenditures - general services:
Salaries
Payroll taxes
Office supplies
Telephone
Advertising and public hearings
Travel and per diem
Postage
Professional services
Maps
Printing and binding
Total expenditures
Deficiency of revenue
over expenditures
Transfers from other funds
Excess (deficiency) of
revenue and transfers
from other funds
over expenditures
Fund balance at beginning of year
Fund balance at end of year
Variance
favorable 1983
Budget Actual (unfavorable) actual
$ _ _ - 12,000
86 -
86
14,664
113 -
113
687
2 -
2
323
30. -
30
120
9 -
9
166
14 -
14
536
- -
-
65
14,132 6,790
7,342
968
5 -
5
30
4 _
4
46
14,395 6,790 7,605 17,605
14,395 6,790 7,605 5,605
- - - 20,000
(14,395) (6,790) 7,605 14,395
14,395 14,395 - -
$ - 7,605 7,605 14,395
KODIAK ISLAND BOROUGH
Special Revenue Funds
Fire and Road Service Districts - Fire
Area 1
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual
Year ended June 30, 1984
with comparative figures for 1983
1984
Variance
favorable 1983
Budget Actual (unfavorable) actual
Revenues:
Property taxes
$ 102,420
103,647
1,227
74,769
State shared revenue
18,560
88,937
70,377
18,560
Licenses, permits, fees and
other local revenues
-
32
32
75
Investments and property
-
2,975
2,975
602
Total revenues
120,980
195,591
74,611
94,006
Expenditures:
Capital improvements:
General
37,260
43,235
(5,975)
2,908
Service district maintenance:
Contracted services
40,000
40,000
-
116,750
Repairs and maintenance
-
-
-
1,254
General services
86,240
56,803
29,437
4,358
Total expenditures
163,500
140,038
23,462
125,270
Excess (deficiency)
of revenues over
expenditures
(42,520)
55,553
98,073
(31,264)
Fund balance at beginning of year
46,396
46,396
-
77,660
Fund balance at end of year
$ 3,876
101,949
98,073
46,396
Schedule 9
KODIAK ISLAND BOROUGH
Special Revenue Funds
Fire and Road Service Districts - Fire
Bells Flats
Statement of Revenues, Expenditures and
Changes in Fund Balance (Deficit) - Budget and Actual
Year ended June 30, 1984
with comparative figures for 1983
1984
Variance
favorable
1983
Budget
Actual
(unfavorable)
actual
Revenues:
Property taxes
$ 8,450
8,527
77
-
State shared revenue
11,550
11,550
-
5,000
Licenses, permits, fees and
other local revenues
-
4,800
4,800
-
Total revenues
20,000
24,877
4,877
5,000
Expenditures - general services:
Office supplies
2,900
398
2,502
3,214
Telephone and telegraph
440
368
72
114
Insurance and bonding
6,780
5,529
1,251
767
Repairs and maintenance
4,700
1,104
3,596
-
Utilities
3,850
4,912
(1,062)
1,239
Capital outlay
-
2,220
(2,220)
572
Other
1,330
108
1,222
-
Total expenditures
20,000
14,639
5,361
5,906
Excess (deficiency) of
revenues over expenditures
-
10,238
10,238
(906)
Fund deficit at beginning of year
906
906
-
-
Fund balance (deficit) at end of year
$ (906
9,332
10,238
(906
Schedule 10
KODIAK ISLAND BOROUGH
Special Revenue Funds
Fire and Road Service Districts - Road
Monashka Bay
Statement of Revenues, Expenditures and
Changes in Fund Balance (Deficit) - Budget and Actual
Year ended June 30, 1984
with comparative figures for 1983
Revenues:
Property taxes
State shared revenue
Total revenues
Expenditures:
Capital improvements:
General
Service district maintenance
General services
Total expenditures
Excess (deficiency) of
revenues over expenditures
Fund deficit at beginning of year
Fund balance (deficit) at end of year
1984
Variance
favorable 1983
Budget Actual (unfavorable) actual
$ 15,320 15,325 5 -
5,000 5,000 -
20,320 20,325 5
- - - 280
20,320 10,599 9,721 4,085
- - - 560
20,320 10,599 9,721 4,925
- 9,726 9,726 (4,925)
4,925 4,925 - -
$ (4,925 4,801 9,726 ( 41925 )
Schedule 11
KODIAK ISLAND BOROUGH
Special Revenue Funds
Fire and Road Service Districts - Road
District 1
Statement of Revenue, Expenditures and
Changes in Fund Balance - Budget and Actual
Year ended June 30, 1984
with comparative figures for 1983
Revenue from State shared revenue
Expenditures - capital improvements -
service district maintenance:
Salaries
Contracted services
Other
Total expenditures
Deficiency of revenue
over expenditures
Fund balance at beginning of year
Fund balance at end of year
1984
Variance
favorable 1983
Budget Actual (unfavorable) actual
$ 18,720 18,720 - 18,720
720 225
62,800 22,162
200 223
63,720 22,610
495
40,638
(23
41,110
30,249
30,249
45,000 3,890
46,018 46,018
$ 1,018 42,128
41,110
41,110
11,529
57,547
46 ,018
KODIAK ISLAND BOROUGH
Special Revenue Funds
Fire and Road Service Districts - Road
Bells Flats
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual
Year ended June 30, 1984
with comparative figures for 1983
Revenues:
Property taxes
State shared revenue
Licenses, permits, fees and other
local revenues
Total revenues
Expenditures - capital improvements -
service district maintenance:
Staff salaries
Advertising and public hearings
Contracted services
Total expenditures
Excess (deficiency) of
revenues over expenditures
Transfers to Capital Projects Funds
Deficiency of revenues over
expenditures and transfers
to Capital Projects Funds
Fund balance at beginning of year
Fund balance at end of year
9,400 13,385 3,985 (4,588)
15,000 15,000 -
5,600
1984
3,985
(4,558)
43,334
43,334
Variance
47,922
$ 37,734
41,719
favorable
1983
Budget
Actual
(unfavorable)
actual
$ 8,450
8,527
77
10,435
32,500
32,500
-
32,610
5,000_
5,000
-
5,000
45,950
46,027
77
48,045
-
214
(214)
279
500
173
327
-
36,050
32,255
3,795
52,354
36,550
32,642
3,908
52,633
9,400 13,385 3,985 (4,588)
15,000 15,000 -
5,600
1,615
3,985
(4,558)
43,334
43,334
-
47,922
$ 37,734
41,719
3,985
43,334
Schedule 13
KODIAK ISLAND BOROUGH
Special Revenue Funds
Federal and State Grant Programs - Federal Revenue Sharing
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual
Year ended June 30, 1984
with comparative figures for 1983
1984
Variance
favorable
1983
Budget
Actual
(unfavorable)
actual
Revenues:
Federal shared revenue entitlement
payments
$ -
216,062
216,062
165,085
Investment income
-
12,370
12,370
1,751
Total revenues
-
228,432
228,432
166,836
Expenditures:
Health and sanitation contributions:
Women's Resource Crisis Center
-
-
-
15,000
Council on Alcoholism
34,000
34,000
-
24
Small World Center
5,000
5,000
-
25,000
Senior citizen support
14
14,000
-
15,000
Health Center
1,500
1,355
145
4,000
American Red Cross
1,500
1,500
-
-
Education contributions:
Kodiak Community College
15,000
15,000
-
20
Village libraries
6,000
6,000
-
6
Head Start Program
4,000
4,000
-
1,500
City library
25,000
25,000
-
10,000
General services:
KMXT Public Radio
5,000
5,000
-
-
Professional services
2,200
2,200
-
-
Total expenditures
113,200
113,055
145
120
Excess (deficiency) of
revenues over expenditures
(113,200)
115,377
228,577
46,236
Transfers to other funds
-
-
-
15,000
Excess (deficiency) of
revenues over expenditures
and transfers to other funds
(113,200)
115,377
228,577
31,236
Fund balance at beginning of year
166,835
166,835
-
135,599
Fund balance at end of year
$ 53,635
282,212
228,577
166,835
Schedule 14
KODIAK ISLAND BOROUGH
Special Revenue Funds
Federal and State Grant Programs - Mental Health Center
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual
Year ended June 30, 1984
with comparative figures for 1983
Revenues:
State sources:
Grant
Shared revenue
Organization user fees
Individual user fees
Rental fees
Interest
Miscellaneous
Total revenues
Expenditures - health and sani-
tation - mental health program:
Personnel
Travel
Facility
Supplies
Equipment
Other
Total expenditures
Excess (deficiency) of
revenues over expenditures
Transfers from other funds
Excess (deficiency) of
revenues and transfers
from other funds over
expenditures
Fund balance at beginning of year
Equity transfer from residential
training program
Fund balance at end of year
531
1984
18,815
473,498
21
19,556
Variance
12,338
40,701
52,829
favorable
1983
Budget
Actual
(unfavorable)
actual
11
10,115
$ 220
220,200
-
215,100
30,000
30,000
-
30,000
257,750
250,271
(7,479)
247,719
122,883
120,980
(1,903)
124,245
12,000
12,000
-
12,000
5,000
12,750
7,750
7,600
3,500
5,708
2
7,156
651,333
651,909
576
643,820
531
512,205
18,815
473,498
21
19,556
1,485
12,338
40,701
52,829
(12,128)
48,605
36,224
36,305
(81)
39,490
11
10,115
1,009
8,408
48,113
40,875
7,238
50,014
688,223
671,885
16,338
632,353
(36,890) (19,976) 16,914 11,467
25,000
(36,890) (19,976) 16,914 36,467
230,394 230,394 - 194,548
- - - (621
$ 193,504 210,418 16 914 230,394
Schedule 15
KODIAK ISLAND BOROUGH
Special Revenue Funds
Federal and State Grant Programs - Energy
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual
Year ended June 30, 1984
with comparative figures for 1983
Revenues:
State of Alaska, Department of
Commerce and Economic Development
grants
Federal Coastal Energy Impact
Program grant
Total revenues
Expenditures - planning and
community development:
Outer continental shelf
impact analysis
Coastal sensitivity analysis
Karluk comprehensive plan
Larson Bay - Ouzinkie
comprehensive plan
Total expenditures
Excess of revenues
over expenditures
Fund balance at beginning of year
Fund balance at end of year
1984
Variance
favorable 1983
Budget Actual (unfavorable) actual
$ 205,000 8,487 (196,513) -
6,378 6,378 - 28,622
211,378 14,865 ( 196,513 ) 28,622
14,378 14,378 - 28,622
140,000 - 140,000 -
20,000 445 19,555 -
37,000 42 36,958
211,378 14,865 196,513 28,622
Schedule 16
KODIAK ISLAND BOROUGH
Special Revenue Funds
Education
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual
Year ended June 30, 1984
With comparative figures for 1983
Expenditures:
Regular instruction
5,471,940
1984
160,512
5,064,079
Vocational education instruction
890,489
855,800
Variance
818,910
Correspondence study instruction
158,080
149,176
favorable
1983
Special education instruction
Budget
Actual
(unfavorable)
actual
Revenues:
166,780
157,551
9,229
145,882
State sources
$ 15,305,656
16,079,748
774,092
13,215,576
Federal sources
890,602
813,307
(77,295)
977,907
Food sales
79,880
64,393
(15,487)
86,932
Student activities
11,360
6,101
(5,259)
10,306
Other local revenues
16,802
20,865
4,063
19,326
Investments and property
2,300
-
(2,300
6,527
Total revenues
7,306
16,9 4,414
677,814
14,316,574
Expenditures:
Regular instruction
5,471,940
5,311,428
160,512
5,064,079
Vocational education instruction
890,489
855,800
34,689
818,910
Correspondence study instruction
158,080
149,176
8,904
142,700
Special education instruction
1,011,864
1,027,634
(15,770)
958,763
Bilingual /bicultural education instruction
166,780
157,551
9,229
145,882
Supporting services - pupils
741,105
703,408
37,697
640,413
Supporting services - instruction
889,295
845,716
43,579
761,121
General support services
1,995,103
2,074,235
(79,132)
1,795,808
Operation and maintenance
3,021,603
2,979,398
42,205
2,851,083
Pupil transportation
387,846
389,386
(1,540)
324,592
Food services
228,961
230,939
(1,978)
255,879
Community services
129,490
120,286
9,204
90,485
Nonprogrammed charges
-
2,454
(2,454)
(6,532)
Student activities
324,969
241,965
83,004
274,302
Facilities acquisition and construction
Total
59,500
59 483
17
-
expenditures
15,477,025
15,1 , 59
32,1
1 ,117,4 5
Excess of revenues over expenditures
829,575
1,835,555
1,005,980
199,089
Transfers from General Fund
1,372,497
1,478,912
106,415
1,172,544
Transfers to School Bonds Debt Service Fund
Net transfers
(2 412 650)
1,040,153
(3 155 242)
(742 5922)
0625 4.5577)
(1,676,33
(636,177
5�7,Otl7
Excess of revenues and transfers
from General Fund over expenditures
and transfers to School Bonds Debt
Service Fund
(210,578)
159,225
369,803
746,176
Fund balance at beginning of year
830,998
830,998
84,822
Fund balance at end of year
$ 620,420
990,223
369,803
830,998
Schedule 17
KODIAK ISLAND BOROUGH
Special Revenue Funds
Buildings and Grounds
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual
Year ended June 30, 1984
Variance
favorable
Budget Actual (unfavorable)
Revenues:
Fines and forfeitures
$ -
230
230
Rental
157,890
188,432
30,542
Sales of property and equipment
-
2,500
2,500
Total revenues
157,890
191
33,272
Expenditures:
Borough building
203,400
209,422
(6,022)
Apartments
35,200
28,363
6,837
Refuse collection and disposal
20,000
14,340
5,660
Parks operation and maintenance
10,000
942
9,058
Total expenditures
268,600
253,067
15,533
Excess (deficiency) of
revenues over expenditures
(110,710)
(61,905)
48,805
Transfers from General Fund
110,710
110,710
-
Excess of revenues and
transfers from General Fund
over expenditures
-
48,805
48,805
Fund balance at beginning of year
-
-
-
Fund balance at end of year
$ -
48,805
48,805
Schedule 18
KODIAK ISLAND BOROUGH
Debt Service Funds
Combining Balance Sheet
Year ended June 30, 1984
with comparative totals for 1983
Assets
Cash and investments:
Equity in central treasury
Cash with fiscal agent
Temporary cash investments
Accrued interest receivable
Due from other funds
Liabilities and Fund Balances
Liabilities - accounts payable
Fund balances - designated for
subsequent year expenditures
Totals
Hospital School (memorandum only)
Bond Bonds 1984 1983
$ 4,112 168,937 173,049 99,134
- 2,815,068 2,815,068 -
300,000 3,000,000 3,300,000 2,585,000
510 59,228 59,738 11,260
- - 31,091
$ 304,622 6,043,233 6,347,855 2,726,485
- 47,559 47,559 6,230
304,622 5,995,674 6,300,296 2,720,255
$ 304,622 6,043,233 6,347,855 2,726,485
Schedule 19
KODIAK ISLAND BOROUGH
Debt Service Funds
Combining Statement - of Revenues, Expenditures, Transfers and
Changes in Fund Balances
Year ended June 30, 1984
with comparative totals for 1983
Revenue from interest income
Expenditures - debt service:
Principal
Interest
Fiscal agent fees
Total expenditures
Excess (deficiency)
of revenue
over expenditures
Transfers from other funds:
General Fund
Education Special Revenue Fund
1980 School Bond Improvements
Capital Projects Fund
Total transfers
Excess of revenue and
and transfers over
expenditures
Fund balances at
beginning of year
Fund balances at end of year
Hospital School
Bond Bonds
$ 29,995 473,354
- 1,750,000
14,625 1,474,737
163 66,375
14,788 3,291,112
Totals
(memorandum only)
1984 1983
503,349 103,616
1,750,000
1,489,362
66,538
3,305,900
515,000
1,177,328
8,478
1,700,806
15,207 ( 2,817,758 ) ( 2,802,551 ) ( 1,597,190 )
227,350
3,155,242
3,000,000
6,382,592
15,207
289,415
$ 304,622
227,350
3,155,242
3,000,000
6,382,592
1,811,550
625,457
1,445,000
3,882,007
3,564,834
3,580,041
2,284,817
2,430,840
2,720,255
435,438
5,995,674
6,300,296
2,72
KODIAK ISLAND BOROUGH
Debt Service Funds
Hospital Bond
Statement of Revenue, Expenditures and
Changes in Fund Balance - Budget and Actual
Year ended June 30, 1984
with comparative totals for 1983
Revenue from interest income
I Expenditures - debt service:
Interest
Fiscal agent fees
Total expenditures
Excess of revenue
over expenditures
Fund balance at beginning of year
Fund balance at end of year
Schedule 20
1984
Variance
favorable
1983
Budget
Actual
(unfavorable)
actual
$ 14,750
29,995
15,245
28,945
14,630
14,625
5
14,625
120
163
(43
68
14,750
14,788
(38
14,693
-
15,207
15,207
14,252
289,415
289,415
-
275,163
$ 289,415
304,622
15,207
289,415
Schedule 21
KODIAK ISLAND BOROUGH
Debt Service Funds
School Bonds
Statement of Revenue, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual
Year ended June 30, 1984
with comparative totals for 1983
Revenue from interest income
Expenditures - debt service:
Principal
Interest
Fiscal agent fees
Contingencies
Total expenditures
Excess (deficiency) of
revenue over expenditures
Transfers from other funds:
General Fund
Education Special Revenue Fund
1980 School Bond Improvements Capital
Projects Fund
Total transfers from other funds
Excess (deficiency) of revenue and transfers
from other funds over expenditures
Fund balance at beginning of year
Fund balance at end of year
1984
Variance
favorable
1983
Budget
Actual
(unfavorable)
actual
$ 150,000
473,354
323,354
74,671
2,950,000
1,750,000
1,200,000
515,000
2,080,170
1,474,737
605,433
1,162,703
119,830
66,375
53,455
8,410
3_,000,000
3,000,000
-
8,150,000
3,291,112
4,858,888
1,686,113
( 8,000,000 )
( 2,817,758 )
5,182,242
( 1,611,442 )
227,350
227,350
-
1,811,550
2,412,650
3,155,242
742,592
625,457
3,000,000
3,000,000
1,445,000
5,640,000
6,382,592
742,592
3,882,007
(2,360,000)
3,564,834
5,924,834
2,270,565
2,430,840
2,430,840
-
160,275
$ 70,840
5,995,674
5,924,834
2,430,840
Schedule 22
Assets
Cash and investments:
Equity in central treasury
Other cash balances
Temporary cash investments
Receivables:
State of Alaska
Federal government
Accrued interest
Due from other funds
Liabilities and Fund Balances (Deficits)
Liabilities:
Advance from central treasury
Accounts payable
Retainages payable
Deferred revenue
Total liabilities
Fund balances (deficits):
Reserved for encumbrances
Unreserved - designated for subsequent
year expenditures
Total fund balances
KODIAK ISLAND BOROUGH
Capital Projects Funds
Combining Balance Sheet
June 30, 1984
with comparative totals for 1983
Local
-
151,373
School
-
24,264
Service
-
1980 and 1984
Equipment
State
State
Roads
State School
School Bond
and
Capital
Municipal
and Trails
Construction
Improvements
Furnishings
Grants
Aid Program
35,533
270,507
732,461
(2,658
35,533
$ -
297,842
-
-
-
99,989
-
-
10,929,535
-
2,100,000
-
55,804
77,387
-
_
-
_
-
-
194,826
-
17,076
-
-
-
275,787
$ 55,804
375,229
11,124,361
275,787
2,117,076
99,989
20,271
-
151,373
-
-
24,264
515,601
-
-
62,108
379,393
-
-
3,400
-
-
20,271
89,772
1,046,367
-
-
14,950
9,345,533
278,445
35,533
270,507
732,461
(2,658
35,533
285,457
10,077,994
275,787
$ 55,804
375,229
11,124
275,787
1,020,741
-
12,419
-
1,077,711
90,000
2
90,000
617,041
24,152
(610,836
( 14,163 )
6,205
9,989
2,117,076
94989
Totals
(memorandum onl
1984 1983
397,831 1,529,142
- 10,547
13,029,535 12,270,638
133,191 211,272
- 9,727
211,902 80,695
275.787 -
14,048,246 14,112,021
1,192,385 112
552,284 683,560
441,501 201,834
1,171,111 2,433,125
3.357.281 3,430,622
10,280,121 8,976,303
410,844 1,705,096
10,690,965 10,681.399
14,048,246 14,112,021
KODIAK ISLAND BOROUGH
Capital Projects Funds
Combining Statement of Revenues, Expenditures, Other Financial
Sources (Uses) and Changes in Fund Balances (Deficits)
Year ended June 30, 1984
with comparative totals for 1983
Revenues:
State sources
Federal sources
Investments
Licenses, fees, permits
and other local revenues
Total revenues
Expenditures:
Capital improvements:
School facilities
Other facilities
Other
Planning and community
development
Total expenditures
Excess (deficiency)
of revenues over
expenditures
Other financial sources (uses):
Proceeds of bond sales
Transfers from other funds
Transfers to other funds
Net other financial
sources (uses)
Excess (deficiency) of
revenues and other
financial sources
over expenditures and
other financial uses
Fund balances (deficits)
at beginning of year
Equity transfer
Fund balances (deficit)
at end of year
Service Various 1980 and 1984
Roads State School Borough School Bond
and Trails Construction Projects Improvements
$ 60,118 1,513,803 - 62,442
- - - 80,054
39,450 - 664,273
- - - 72,971
60,118 1,553,253 - 879,740
1,744,638 - 7,541,598
71,765 52,964 -
60,118 - - -
60,118 1,816,403 52,964 7,541,598
- (263,150
( 52,964 )
(6,661,858
- -
-
9,500,000
- -
-
804,943
- (264,720
-
(3,302,355
- (264,720
-
7,002,588
- (527,870)
(52,964)
340,730
35,533 813,327
63,774
9,737,264
- -
( 10,810 )
-
$ 35,533 285,457
-
10,077,994
�a
Schedule 23
School
State
Equipment HUD
State
Municipal
and Funded
Capital
Aid
Hospital
Totals (memorandum
only)
Furnishings Projects
Grants
Program
Improvements
1984
1983
- -
1,759,416
506,562
41,864
3,944,205
4,802,290
-
-
-
80,054
-
- -
74,171
-
39
777,933
656,588
_ -
-
17,470
38,000
128,441
73,117
- -
1,833,587
524,032
79,903
4,930,633
5,531,995
100,392 - 374,589 -
- 2,000 1,407,705 626,273
100,392 2,000 1,782,294 626,273
169,625
169,625
9,761,217 8,042,084
2,330,332 2,764,856
- 124,540
60,118 59,605
12,151,667 10,991,085
( 100,392 ) ( 2,000 ) 51,293 ( 102,241 )
(89,722
376,179 4,705 15,000 75,000 122,658
- - (90,000 - -
376,179 4,705 (75,000 75,000 122,658
275,787 2,705 (23,707) (27,241)
(2,705) 29,912 37,230
275,787 - 6,205 9,989
32,936
(7,221,034 (5,459,090
9,500,000 7,400,000
1,398,485 3,235,905
(3,657,075 (1,746,052
7,241,410 8,889,853
20,376 3,430,763
(32,936) 10,681,399 7,250,636
(10,810 -
10,690,965 10,681,399
KODIAK ISLAND BOROUGH
Water and Sewer Enterprise Fund
Balance Sheet
June 30, 1984
with comparative figures for 1983
Assets 1984 1983
Current assets:
Equity in central treasury $ 59,660 18,916
Customer receivables 19,797 16,166
Total current assets 79,457 35,082
Restricted asets:
Equity in central treasury
Time certificates of deposit
Receivable from Federal government
Accrued interest receivable
Receivable from Lion Capital Group Chapter 11
Bankruptcy Trustee
Total restricted assets
Property, plant and equipment:
Unclassified utility plant in service
Accumulated depreciation
Net utility plant in service
Construction work in progress
Net property, plant and equipment
30,907 -
1,000,000 1,100,000
- 4,225
12,500 -
1,000,000 -
2,043,407 1,104,225
743,232
229,166
514,066
4,809,046
5,323,112
229,166
229,166
1,198,171
1,198,171
$ 7,445,976 2,337,478
��
Schedule 24
Liabilities and Fund Equity
Liabilities:
Current liabilities:
Payable from current assets:
Accounts payable
Customer deposits
Total payable from current assets
Payable from restricted assets:
Advance from central treasury
Contracts payable
Retainage payable
Unearned grant receipts
Total payable from restricted assets
r
Total liabilities
Fund equity:
Contributions in aid of construction:
City of Kodiak
State of Alaska
Federal government
Accumulated amortization
Net contributions in aid of construction
Retained earnings (deficit):
Designated:
Receivable from Lion Capital Group Chapter 11
Bankruptcy Trustee
Construction
Undesignated
Total retained earnings
Total fund equity
.;n
$
10,132
6.546
16,678
651,751
223,892
968,156
1,843,799
1,860,477
229,166
5,102,983
220,129
5,552,278
229,166
5,323,112
1,000,000
(737,613)
262,387
5,585,499
$ 7
1983
14,969
7,021
21,990
5,104
682,907
3,000
363,261
1,054,272
1,076,262
229,166
1,183,971
34,328
1,447,465
229,166
1,218,299
29,825
13,092
42,917
1,261,216
2,337,478
Schedule 25
KODIAK ISLAND BOROUGH
Water and Sewer Enterprise Fund
Statement of Revenues, Expenses and Changes
in Retained Earnings - Budget and Actual
Year ended June 30, 1984
with comparative figures for 1983
Revenues:
Water sales
Sewer service charges
Installation charges
Other
Total revenues
Operating expenses:
Water:
Personal services
Electric
Rent
Purchased water and sewer treatment
Training
Advertising and hearings
Printing and binding
Repairs and maintenance
Contracted services
Automotive and travel
Office supplies and postage
Installation costs
Small tools
Other
Total water
1984
Variance
favorable
1983
Budget
Actual
(unfavorable)
actual
$ 138,500
140,907
2,407
120,537
51,620
53,937
2,317
37,812
10,000
9,804
(196)
-
-
440
440
407
200,120
205,088
4,968
158,756
20,000
9,143
10,857
15,661
3,430
2,744
686
2,785
-
59
(59)
-
80,000
73,959
6,041
78,624
-
70
(70)
-
350
58
292
183
1,000
635
365
431
29,920
4
25,472
2,075
-
2,168
(2,168)
5,104
1,000
598
402
298
600
394
206
1,060
5,000
13,669
(8,669)
6,746
1
90
910
1,010
1,200
1,200
-
143,500
108,035
35,465
113,977
(Continued)
2 Schedule 25, Cont.
KODIAK ISLAND BOROUGH
Water and Sewer Enterprise Fund
Statement of Revenues, Expenses and Changes
in Retained Earnings - Budget and Actual, Continued
1984
Variance
favorable
1983
Budget
Actual
(unfavorable)
actual
Sewer:
Personal services
$ 9,000
3,971
5,029
2,712
Electric
-
940
(940)
-
Rent
-
10
(10)
-
Purchased water and sewer treatment
38,000
38,821
(821)
26,304
Training
-
831
(831)
-
Advertising and hearings
-
58
(58)
141
Printing and binding
650
-
650
431
Repairs and maintenance
1,420
1,037
383
-
Contracted services
-
-
-
399
Automotive and travel
1,000
309
691
3
Office supplies and postage
850
-
850
277
Installation costs
5,000
523
4,47.7
71
Small tools
-
-
-
1,124
Other
700
700
Total sewer
56,620
46,500
10,120
31,462
Total operating expenses
200,120
154,535
45,585
145,439
Operating income
-
50,553
50,553
13,317
Interest income
140,000
169,343
29,343
29,600
Interest expense
-
426
(426
Net earnings
140,000
219,470
79,470
42,917
Retained earnings at beginning of year
42,917
42,917
Retained earnings at end of year
$ 182,917
262,387
79,470
42,917
RMI'MA111 c 91;
KODIAK ISLAND BOROUGH
Water and Sewer Enterprise Fund
Statement of Changes in Financial Position
Year ended June 30, 1984
with comparative figures for 1983
Financial resources provided:
Net earnings and working capital provided by operations $
State of Alaska grants
Federal grants
Contribution from City of Kodiak
1984
219,470
3,919,012
185,801
4,324,283
1983
Financial resources used - acquisition of property,
plant and equipment
Increase in working capital
Changes in components of working capital:
Increase (decrease) in:
Current assets:
Equity in central treasury
Customer receivables
Restricted assets:
Equity in central treasury
Time certificates of deposit
Receivable from Federal government
Accrued interest receivable
Receivable from Lion Capital Group Chapter 11
Bankruptcy Trustee
Current liabilities:
Payable from current assets:
Accounts payable
Customer deposits
Payable from restricted assets:
Advance from central treasury
Contracts payable
Retainage payable
Unearned grant receipts
42,917
1,183,971
3
229,166
1,490,382
4,124,941 1
$ 199,342 63,045
40,744 18,916
3,631 16,166
30,907 -
(100,000) 1,100,000
(4,225) 4,225
12,500 -
1,000,000 -
983,557 1,139,307
(4,837) 14,969
(475) 7,021
(5,104) 5,104
(31,156) 682,907
220,892 3,000
604,895 363,261
784,215 1,076,262
Increase in working capital $ 199,342 63,045
Schedule 27
KODIAK ISLAND BOROUGH
Student Activities Fund
Statement of Revenues, Expenditures
and Due to Student Organizations
Year ended June 30, 1984
High school:
Student council
Athletics
Music
Publications
Classes
Clubs
Miscellaneous
Total high school
Junior high school
Elementary schools:
East Elementary School
Main Elementary School
Peterson Elementary School
Village schools
Bilingual /bicultural
education instruction
Total elementary schools
Balance and Balance and
due to due to
student student
organizations organizations
at at
July 1, 1983 Revenues Expenditures June 30, 1984
$ 23,371
77,439
71,753
29,057
4,628
21,667
21,690
4,605
722
1,774
2,343
153
(4,920)
13,833
8,282
631
8,632
9,760
9
8,402
4,163
15,152
10,131
9,184
1,100
17,894
15,407
3,587
37,696
157,519
139,596
55,619
2,430
5,389
5
2,403
1,850
4,113
4,341
1,622
2,407
3,642
4,604
1,445
3,258
5,164
6,509
1,913
4,232
6,258
7,525
2,965
39
-
-
39
11,786
19,177
22,979
7,984
$ 51,912
182,085
167,991
66,006
Schedule 28
KODIAK ISLAND BOROUGH
General Fixed Assets Account Group
Statement of General Fixed Assets by Source
June 30, 1984
General fixed assets:
Buildings $ 29,233,597
Improvements other than buildings 1,146,422
Equipment 1,672,900
Construction work in progress 10,820,098
$ 42,873,017
Investment in general fixed assets:
Capital Projects Fund:
General obligation bonds 2,961,236
1
Federal grants 1,293,000
State grants 12,690,226
General Fund revenues 748,972
Special Revenue Funds revenues 39,120
Gifts 1,860
Unallocated 1,138,603
$ 42,873,017
SCI,,
KODIAK ISLAND BOROUGH
General Fixed Asset Account Group
General government
Fire service areas
Education
Hospital
Statement of General Fixed Assets by Function and Activity
June 30, 1984
(Unaudited)
Total
$ 1 0 491,301
1,068,803
36,813,893
3,499,020
$ 42,873,017
s
Buildings
331,377
849,406
24,553,794
3,499,020
29,233,597
Improvements
other than
buildings
640,000
506,422
1,146,422
Construction
Equipment work in progress
314,899 205,025
219,397 —
1,138,604 10,615,073
1 672_ 10, 820,098
STATISTICAL TABLES
Statistical tables reflect social and economic data, financial
trends and the fiscal capacity of the governmental unit.
Table 1
KODIAK ISLAND BOROUGH
Kodiak, Alaska
General Governmental Expenditures by Function
Last ten fiscal years
(a) Kodiak Island Borough is a second -class borough and does not have road powers. Specific moneys are
expended for local service roads and trails in the service districts. Subsequent to fiscal period 1978,
these moneys are administered through a separate fund.
(b) The Debt Service Funds are maintained as separate funds. Some amounts (included in transfers) go to
the Debt Service Funds from the General Fund.
Local
service
Fiscal
General
roads and
Health and
Debt
year
government
trails(a)
sanitation
Education
service(b)
Transfers
Total
1975
$ 240,375
9,650
49,255
375,000
29,660
24,729
728,669
1976
316,507
52
90,374
550
29,625
11,850
1,050,390
1977
485,045
114
88,680
611,000
219,365
50,707
1,568,797
1978
731,151
2,400
239,423
531,202
210,260
116,200
1
1979
876,891
-
163,455
824,164
126,991
153,146
2,144,647
1980
995,585
-
189,280
1,113,882
84,689
525,603
2,909,039
1981
1,525,087
-
342,696
1
102
519,212
3,788,467
1982
1,694,923
-
785,644
906,447
-
506,125
3,893,139
1983
1,857,316
2,034
446,001
1,386,788
-
4,742,292
8 11 4 3 4 031
1984
1,588,182
-
709,508
1,478,912
-
1,185,630
4,962,232
(a) Kodiak Island Borough is a second -class borough and does not have road powers. Specific moneys are
expended for local service roads and trails in the service districts. Subsequent to fiscal period 1978,
these moneys are administered through a separate fund.
(b) The Debt Service Funds are maintained as separate funds. Some amounts (included in transfers) go to
the Debt Service Funds from the General Fund.
Table 2
KODIAK ISLAND BOROUGH
Kodiak, Alaska
General Revenues by Source
Last ten fiscal years
Fines and
Licenses
forfeitures
Charges
Fiscal
-
and
Intergovernmental
for
y ear
Taxes
permits
revenue
service
1975
$ 612,775
3,646
188,562
69,106
1976
733,433
5,520
282,197
63,152
1977
1,032,799
7,884
462,651
97,437
1978
1,495,808
6,117
499,659
192,258
1979
1,706,902
24
378,736
249,888
1980
2,060,290
7,695
709,253
466,153
1981
2,245,873
24,083
1,706,477
112,120
1982
2,207,330
22,233
2,701,874
110,020
1983
1,876,462
45,444
3,086,448
118,064
1984
1,843,461
34,779
2,542
44,194
Fines and
forfeitures
Miscellaneous
Total
-
83,785
957,874
-
28,802
1,113,104
-
318,675(a)
1,919,446
-
12,203
2,206,045
-
120,335
2,479,982
-
132,968
3,376,359
35,238(c)
923,101
5,046,892
30
892,206(b)
5,964,088
51,797
472,281
5,650,496
1,111
542,968
5,008,954
(a) Includes a $262,822 transfer to the Debt Service Funds.
(b) Largest single element of this figure is $860,121 of investment earnings in an unusual year of
the market.
(c) Part of miscellaneous until 1981.
Table 3
KODIAK ISLAND BOROUGH
Kodiak, Alaska
Property Tax Levies and Collections
Last ten fiscal years
Percent of
Percent of
Outstanding delinquent
delinquent taxes to
taxes tax levy
85,072 14.0%
75,698 10.4
97,346 9.2
121,095 10.4
166,635 11.7
330,578(a) 17.3
1,051,093(b) 46.6
95,124 4.5
32,488 1.7
30,099 1.8
(a) Includes $161,113 due from City of Kodiak.
(b) Includes $984,930 due from City of Kodiak.
(c) Intensive collection procedures were instituted to include foreclosure proceedings, where necessary,
under Alaska Statute, Title 29. A dispute was settled between the Borough and the City and amounts
due were remitted to the respective governments.
Percent
Delinquent
total tax
Current tax
of levy
tax
Total tax
collections
Fiscal year
Total tax levy
collections
collected
collections
collections
to tax levy
1975
$ 605,958
571,409
94.3%
$ 32,221
603,630
99.6%
1976
725,094
674,487
93.0
43,865
718,352
99.1
1977
1,053,871
991,055
94.0
28,672
1,019,727
96.8
1978
1,163,093
1,121,756
96.4
17,824
1,139,580
98.0
1979
1
1,328,655
93.5
51,329
1,379,984
97.1
1980
1,915,340
1,764,316
92.1
48,923
1,813,239
94.7
1981
2,257,590
1,496,037
66.3
41,038
1,537,075
68.1
1982(c)
2,118,431
2,095,431
98.9
978,969
3,074,400
145.1
1983
1,876,462
1,844,867
98.3
94,231
1,939,098
103.3
1984
1,646,752
1,617,654
98.2
31,487
1,649,141
100.1
Percent of
Outstanding delinquent
delinquent taxes to
taxes tax levy
85,072 14.0%
75,698 10.4
97,346 9.2
121,095 10.4
166,635 11.7
330,578(a) 17.3
1,051,093(b) 46.6
95,124 4.5
32,488 1.7
30,099 1.8
(a) Includes $161,113 due from City of Kodiak.
(b) Includes $984,930 due from City of Kodiak.
(c) Intensive collection procedures were instituted to include foreclosure proceedings, where necessary,
under Alaska Statute, Title 29. A dispute was settled between the Borough and the City and amounts
due were remitted to the respective governments.
Table 4
KODIAK ISLAND BOROUGH
Kodiak, Alaska
Assessed and Estimated Actual Value of Taxable Property
Last ten fiscal years
(a) Exempted boat full and true value for $5 and $15 fees.
(b) Reflects exemptions of boats and inventories.
(c) Same as (a) and (b).
Ratio
of total
Real
property
Personal
property
Total
assessed
Estimated
Estimated
Estimated
to total
Fiscal
Assessed
actual
Assessed
actual
Assessed
actual
estimated
year
value
value
value
value
value
value
actual value
1975
$ 76,380,420
76,380,420
35,943,730
35,943,730
112,324,150
112,324,150
100%
1976
82,526,940
82,526,940
63,236,670
63,236,670
145,763,610
145,763,610
100
1977
118,797,040
118,797,040
55,904,450
55,904,450
174,701,490
174,701,490
100
1978
119,063,900
119,063,900
63,658,640
63,658,640
182,722,540
182,722,540
100
1979
207,066,200
207,066,200
102,859,300
102,859,300
309,925,500
309,925,500
100
1980
225,394
225,394,400
132,268,500
132,268,500
357,662,900
357,662,900
100
1981
187,598,046
187,598,046
149,474,150
149,474,150
337,072,196
337,072,196
100
1982
216,508,832
216,508,832
67,606,123(a)
144,886,873
284,114,955
361,395,705
100
1983
307,989,403
307,989,403
87,631,001(b)
182,466,162
395,620,404
490,455,565
100
1984
325,278,582
325,278,582
69,329,999(c)
167,476,461
394,608,581
492,755,043
100
(a) Exempted boat full and true value for $5 and $15 fees.
(b) Reflects exemptions of boats and inventories.
(c) Same as (a) and (b).
Table 5
KODIAK ISLAND BOROUGH
Kodiak, Alaska
Ratio of Net General Bonded Debt
Last ten fiscal years
(a) 1980 population is per U.S. Bureau of Census; others are estimates from the Borough Planning Department
based on a complicated and reliable formula of building permits, date of occupancy, percentage vacant,
etc.
(b) This figure was via a joint Borough /City special census. This figure was accepted and certified by the
State demographer on November 17, 1982 and later accepted by the Federal Bureau of Census.
Ratio
of net
Net
bonded
bonded
Gross
Less Debt
Net
debt to
debt
Fiscal
Assessed
bonded
Service
bonded
assessed
per
year
Population
value
debt
Fund
debt
value
capita
1975
8,748
$ 112,324,150
4,605,000
165,252
4
4.0%
$ 508
1976
8,986
145,763,615
4,455,000
150,000
4,305,000
3.0
479
1977
9,224
174,701,540
4,295,000
165,000
4,130,000
2.4
448
1978
9,462
182,722,540
4,130,000
180,000
3,950,000
2.2
417
1979
9,701
309,925,500
3,930,000
195,000
3,735,000
1.2
385
1980(a)
9,939
357,662,900
3,725,000
226,462
3,498,538
1.0
352
1981
10
337,092,197
15,610,000
1
14
4.3
1,425
1982
11,567
384,114,955
15,390,000
435,438
14,954,562
3.9
1,293
1983(b)
12,718
395,630,404
22,275,000
435,438
21,839,562
5.5
1,717
1984
13,080
394,608,581
30,025,000
6,300,296
23,724,704
6.0
1,814
(a) 1980 population is per U.S. Bureau of Census; others are estimates from the Borough Planning Department
based on a complicated and reliable formula of building permits, date of occupancy, percentage vacant,
etc.
(b) This figure was via a joint Borough /City special census. This figure was accepted and certified by the
State demographer on November 17, 1982 and later accepted by the Federal Bureau of Census.
KODIAK ISLAND BOROUGH
Kodiak, Alaska
Computation of Direct and Overlapping Debt
Year ended June 30, 1984
Percentage Kodiak
applicable Island
Net debt to this Borough's
outstanding governmental share of
Name of governmental unit (a) unit(b) debt
Kodiak Island Borough, general obligation school bonds $ 23,724,704 100% $ 23,724,704
City of Kodiak:
General obligation bonds 2,735,000 6 1,750,400
Revenue bonds 3,568,000 6 2,283,520
Total $ 30,027,704 92 $ 27758,624
(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.
Table 7
KODIAK ISLAND BOROUGH
Kodiak, Alaska
Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General Expenditures
Last ten fiscal years
Ratio of
debt service
to general
expenditures
(percent)
45.4%
40.3
26.8
22.7
20.6
14.9
11.4
48.8
20.2
66.6
(a) Serial maturities in the case of serial bonds; annual Debt Service Fund requirements in the case of term
bonds.
Total
Total
Fiscal
Principal
Interest
debt
general
year
(a)
and fees
service
expenditures
1975
$ 125,000
205,601
330,601
728,669
1976
150,000
268,777
418,777
1,038,812
1977
160,000
260,510
420,510
1,568,797
1978
165,000
251,167
416
1,830,636
1979
200,000
241,226
441,226
2,144,647
1980
205,000
229,737
434,737
2,909,039
1981
215,000
218,521
433,521
3,788,467
1982
220,000
1,680,912
1,900,912
3,893,139
1983
515,000
1
1,700,806
8,434,431
1984
1,750,000
1,555,900,
3,305,900
4,962,232
Ratio of
debt service
to general
expenditures
(percent)
45.4%
40.3
26.8
22.7
20.6
14.9
11.4
48.8
20.2
66.6
(a) Serial maturities in the case of serial bonds; annual Debt Service Fund requirements in the case of term
bonds.
Table 8
KODIAK ISLAND BOROUGH
Kodiak, Alaska
Demographic Statistics
Last ten fiscal years
Fiscal year Population(a) School enrollment(b)
1975 $ 8,748 2,131
1976 8,986 2,095
1977 9,224 2,089
1978 9,462 2,093
1979 9,701 2,143
1980 9,939 2,189
1981 10,124 1,960
1982 11,567 1,985
1983 12,718 2,079
1984 13,080 2,073
(a) 1980 per U.S. Bureau of Census; other years per Borough Planning Department.
(b) Kodiak Island Borough School District.
(c) Department of Labor, Anchorage.
Unemployment rate (c)
8.7%
6.8
8.1
8.2
8.0
9.7
10.0
12.1
9.7
6.9
Table 9
KODIAK ISLAND BOROUGH
Kodiak, Alaska
Salaries and Surety Bonds of Principal Officials
Year ended June 30, 1984
Name of official
Title
Annual salary
Amount of surety bond
Jerome Selby
Mayor
$ 1,200
See Table 10
Assembly members
1,200*
Phil C. Shealy
Manager
60,000
Contracted
Attorney
-
Bryce S. Weeks
Finance Director /Treasurer
47,420
250,000
Earle Smith
Fire Chief, Service Area One
31,160 * **
Perry L. Page
Data Processing Manager
38,800
Shirley Miller
Borough Clerk
46,020
Linda Freed
Director of Communications and Development
44,910
Carrie Kindgren
Cashier
20,650
25,000
Bryce Gordon
Chief Building Official
42,771
David Crowe
Engineer
50,747
Wayne Haerer
Assessor /Appraiser
41,740
Pam Delys - Baglien
Director of Mental Health
55,960
Raymond Camardella
Facilities Coordinator
44,910
* Covered under $25,000 blanket position bond included in Lloyd's of London package coverage.
** Also covered by elected officials' errors and omission policy of $3,000,000.
* ** Apartment
Table 10
KODIAK ISLAND BOROUGH
Kodiak, Alaska
Boards and Committees
Year ended June 30, 1984
Mavor and Assembl
Jerome Selby, Mayor
Phillip C. Anderson
Ann Barker
Frances Cater
Dennis Murray
Edward F. Naughton
David Wakefield
Lorne White
Monashka Bay Road Service
District Advisory Board
Steve Tolton
Bill Swearingin
Roger Blackett
Shawn Dillon
Corinne Ferrel
Citizens Board of Equalization
Hospital Advisory Board
Ben Ardinger
Wilton White
Gretchen Saupe
Andy Cristaldi
Tom Miller
Dr. Brad Bringgold
Mental Health Center Advisory Board
Planning and Zoning Commission
Virginia Crowe
Dan James
Tim Hill
Steve Rennell
Ken Gregg
Marlin Knight
Fred Patterson
Personnel Advisory Board
Lorna Arndt
Walter Johnson
Laura Ibach
Marlys Buzby
Marcus Hepburn
Wayne A. Stevens
Jack Mann
Reed E. Oswalt
Lou Iani
Sid Cozart
Jim Ashford, Alternate
Kyle Taylor, Alternate
Rick Brush, Alternate
Parks and Recreation Committee
Deborah L. Burgy
Val Flinders
Jeffrey J. Hamer
John Sevier
Pat Szabo
Craig Johnson
Dorothy Holm
Ann Barker
Ian Fulp
Alice Knowles
Ed Apperson
Fred Patterson
Vickie Hester
Tom Dolan
Lonnie White
Josefina Barber
Barbara Popken
Mike Dolph
Jean Gardner
Guy Powell
Paul Lionberger
Architectural Review Board
Robin Heinrichs
Chuck Winegarden
Bill Beaty
Wayne Coleman
Arthur Bors
Lou Schneider
Jim Olson
Phil Anderson
John Witteveen
Jerome Selby
Table 11
KODIAK ISLAND BOROUGH
Kodiak, Alaska
Summary of Debt Service Requirements to Maturity
Year ended June 30, 1984
Annual Principal and Interest Requirements
General Obligation Bond
$ 29,725,000 13,068,996 30O 43,E 43,137,8722
* Does not include issues that have been fully defeased. See Table 11i for
1974 issue that was refunded.
** Includes imputed interest of 8% on Variable Rate Demand Bonds, Series 1983
to 1984B.
Note: This table (and subsidiary Tables 11a through 11i inclusive) indicate debt
service by calendar year; other information in this report relative to debt
service is on final year (July 1 through June 30).
School*
Hospital
Year
Principal
Interest
Principal Interest
Total
1984
$ 2,185,000
976,654 **
- 7,313
3,168,967
1985
4,655,000
2,068,174 **
- 14,625
6,737,799
1986
5,010,000
1,670,553 **
- 14,625
6,695,178
1987
2,665,000
1,356,915 **
300,000 7,313
4,329,228
1988
2,865,000
1,135,678 **
- -
4,000,678
1989
2,420,000
901,703 **
- -
3,321,703
1990
830,000
771,127
- -
1,601,127
1991
895,000
710,683
- -
1,605,683
1992
960,000
645,503
- -
1,605,503
1993
680,000
574
- -
1,254,643
1994
735,000
522,963
- -
1,257,963
1995
795,000
466,000
- -
1,261,000
1996
860,000
402,400
- -
1,262,400
1997
925,000
333,600
- -
1,258,600
1998
1,000,000
259,600
- -
1,259,600
1999
1,080,000
179,600
- -
1,259,600
2000
1.165.000
93,200
- -
1,25 8,200
$ 29,725,000 13,068,996 30O 43,E 43,137,8722
* Does not include issues that have been fully defeased. See Table 11i for
1974 issue that was refunded.
** Includes imputed interest of 8% on Variable Rate Demand Bonds, Series 1983
to 1984B.
Note: This table (and subsidiary Tables 11a through 11i inclusive) indicate debt
service by calendar year; other information in this report relative to debt
service is on final year (July 1 through June 30).
Table 1 l
KODIAK ISLAND BOROUGH
Kodiak, Alaska
General Obligation Hospital Bonds, Series 1967
Retirement Schedule
This issue, dated May 1, 1967, consists of bonds in the amount of $300,000. These
are term bonds, thus, none have been retired. Bonds bear interest at the rate of
4.875 %.
Bonds are retired after a period of 20 years. Retirement date is May 1, 1987.
Bonds were issued for Kodiak Island Hospital improvement. Bonds are payable at the
Seattle First National Bank, Seattle, Washington.
Principal
Interest
Interest
Interest
due
due
due
Year
rate
March 1
March 1
November 1
Total
1984
4.875%
$ -
-
7,313
7,313
1985
4.875
-
7,313
7,313
14,626
1986
4.875
-
7,313
7,313
14,626
1987
4.875
300,000
7,313
-
307,313
$ 300,000
21
21,939
343,878
Table 1 l
KODIAK ISLAND BOROUGH
Kodiak, Alaska
General Obligation School Extension and Improvement Bonds, Series 1965
Retirement Schedule
This issue, dated March 1, 1965, consists of 100 bonds in the amount of $5,000, each
totaling $500,000. Bonds numbered 1 through 90 have been retired. Bonds numbered
91 through 100 bear interest at the rate indicated below.
Bonds are retired serially in numerical order over a period of 20 years. Retirement
date is March 1 of each year beginning in 1976. Bonds maturing in 1983 and after
are callable beginning in 1982, but according to the escrow agreement, the call
privilege will not be exercised.
Bonds were issued to extend and improve the school system. Bonds are payable at the
Seattle First National Bank, Seattle, Washington.
Principal
Bond
Interest
numbers
Year rate
inclusive
1984 3.875%
91 -95
1985 3.875
96 -100
Principal
Interest
Interest
due
due
due
March 1
March 1
September 1
Total
$ -
-
484
484
25,000
484
-
25,484
$ 25 000
484
484
25,968
Table 11c
KODIAK ISLAND BOROUGH
Kodiak, Alaska
General Obligation Elementary School Building, Series 1967
Retirement Schedule
This issue, dated January 1, 1967, consists of 150 bonds in the amount of $5,000
each, totaling $750,000. Bonds numbered 1 through 110 have been retired. Bonds
numbered 111 through 150 bear interest at the rate indicated below.
Bonds are retired serially in numerical order over a period of 20 years. Retirement
date is September 1 of each year beginning in 1968. Bonds maturing in 1979 and
after are callable beginning in 1979, but according to the escrow agreement, the
call will not be exercised.
Bonds were issued to extend and improve the elementary school system. Legal opinion
was issued by Preston, Thororimson, Horowitz, Starin and Ellis. Bonds are payable
at the Seattle First National Bank, Seattle, Washington.
Bond
Principal
Interest
Interest
Interest
numbers
due
due
due
Year
rate
inclusive
September 1
March 1
September 1
Total
1984
5%
111 -120
$ 50,000
-
5,000
55,000
1985
5
121 -130
50,000
3,750
3,750
57,500
1986
5
131 -140
50,000
2,500
2,500
55,000
1987
5
141 -150
50,000
1,250
1,250
52,500
$ 200,000
7,500
12,500
220,000
Table 11d
KODIAK ISLAND BOROUGH
Kodiak, Alaska
General Obligation School Refunding Bonds, Series 1974A
Retirement Schedule
This issue, dated August 1974, consists of 275 bonds in the amount of $5,000 each,
totaling $1,375,000. Bonds numbered 1 through 194 have been retired. Bonds
numbered 195 through 275 bear interest at the rate indicated below.
Bonds are retired serially in numerical order over a period of 18 years. Retirement
date is August 1 of each year beginning in 1974. Bonds maturing in 1983 and after
are callable beginning in 1982, but according to the escrow agreement, the call
privilege will not be exercised.
Bonds were issued to refund the Borough's outstanding general obligation bonds.
Bonds are payable at the Central Bank of Denver, Denver, Colorado.
Bond
Principal
Interest
Interest
Interest
numbers
due
due
due
Year rate
inclusive
August 1
February 1
August 1
Total
1984 5.55%
195 -233
$ 195,000
-
11,944
206,944
1985 5.70
234 -275
210,000
6,168
6,169
222,337
$ 405,000
6,168
18,113
429,281
Table 1 l
KODIAK ISLAND BOROUGH
Kodiak, Alaska
General Obligation School Refunding Bonds, Series 1974B
Retirement Schedule
This issue, dated August 1, 1974, consists of 380 bonds in the amount of $5,000
each, totaling $1,900,000. No bonds have been retired. Bonds numbered 1 through
380 bear interest at the rate indicated below.
Bonds are retired serially in numerical order over a period of 20 years. Retirement
date is August 1 of each year beginning in 1975. Bonds maturing in 1983 and after
are callable beginning in 1982, but according to the escrow agreement, the call
privilege will not be exercised.
Bonds were issued to extend and improve the school system. Bonds are payable at the
Central Bank of Denver, Denver, Colorado.
Bond
Principal
Interest
Interest
Interest
Coupon
numbers
due
due
due
Year
rate
number
inclusive
August 1
February 1
August 1
Total
1984
7.25%
19 -20
-
$ -
-
68,875
68,875
1985
7.25
21 -22
-
-
68,875
68,875
137,750
1986
7.25
23 -24
1 -43
215,000
68,875
68,875
352,750
1987
7.25
25 -26
44 -90
235,000
61,081
61,081
357,162
1988
7.25
27 -28
91 -140
250,000
52,562
52,563
355,125
1989
7.25
29 -30
141 -194
270,000
43,500
43,500
357,000
1990
7.25
31 -32
195 -252
290,000
33,712
33,712
357,424
1991
7.25
33 -34
253 -314
310,000
23,200
23,200
356,400
1992
7.25
35 -36
315 -380
330,000
11,963
11,962
353,925
$ 1,90�000
3638
4 32 ,643
2169
Table 11f
KODIAK ISLAND BOROUGH
Kodiak, Alaska
General Obligation School Extension and Improvement Bonds, Series 1980A
Retirement Schedule
This issue dated August 1, 1980, consists of 2,420 bonds in the amount of $5,000
each, totaling $12,100,000. Bonds numbered 1 through 121 have been retired. Bonds
numbered 122 through 2420 bear interest at the rate indicated below.
Bonds are retired serially in numerical order over a period of 19 years. Retirement
date is August 1 of each year beginning in 1982. Bonds maturing in 1983 and after
are callable beginning in 1982, but according to the escrow agreement, the call
privilege will not be exercised.
Bonds were issued to extend and improve the school system. Bonds are payable at the
Rainier Bank and Trust, Seattle, Washington.
$ 11,495,000 4,4790 4,940,841 20,9�3�31
Bond
Principal
Interest
Interest
Interest
numbers
due
due
due
Year
rate
inclusive
August 1
February 1
August 1
Total
1984
9.00%
122 -189
$ 340,000
-
464,351
804,351
1985
9.00
190 -263
370,000
449,051
449,051
1,268,102
1986
9.00
264 -342
395,000
432,402
432,402
1,259,804
1987
9.00
343 -428
430,000
414,626
414,626
1,259,252
1988
9.00
429 -521
465,000
395,277
395,277
1,255,554
1989
9.00
522 -621
500,000
374,351
374,351
1,248,702
1990
7.30
622 -729
540,000
351,851
351,851
1,243,702
1991
7.30
730 -846
585,000
332,141
332,141
1,249,282
1992
7.45
847 -973
630,000
310,789
310,789
1,251,578
1993
7.60
974 -1109
680,000
287,321
287,321
1,254,642
1994
7.75
1110 -1258
735,000
261,481
261,481
1,257,962
1995
8.00
1259 -1577
795,000
233,000
233,000
1,261,000
1996
8.00
1578 -1749
860,000
201,200
201,200
1,262,400
1997
8.00
1750 -1934
925,000
166,800
166,800
1,258,600
1998
8.00
1935 -2134
1,000,000
129,800
129,800
1,259,600
1999
8.00
2135 -2350
1,080,000
89,800
89,800
1,259,600
2000
8.00
2351 -2420
1,165
46,600
46,600
1,258,200
$ 11,495,000 4,4790 4,940,841 20,9�3�31
Table 11g
KODIAK ISLAND BOROUGH
Kodiak, Alaska
General Obligation School Improvement Bonds, Series 1983A
Retirement Schedule
This issue, dated June 1983, consisted initially of two bonds* (one bond of
$5,000,000 and one of $2,400,000) totaling $7,400,000.
Bonds are retired serially in numerical order over a period of 3 years. Retirement
date is quarterly, each as indicated below. Bonds maturing in 1983 and after are
callable beginning in 1982, but according to the escrow agreement, the call
privilege will not be exercised.
This issue was marketed by and is indexed weekly by John Nuveen & Co. of Chicago.
Legal opinion was rendered by bond counsel, Wohlforth & Flint of Anchorage.
Bonds were issued to renovate the Kodiak Junior High School. Bonds are payable at
the Metroplitan branch of the Seattle First National Bank, Seattle, Washington.
Interest Principal Interest
Maturity rate ** quarterly quarterly Total
Jul.1984
Variable
$ 600,000
124,000
724
Oct.1984
Variable
600,000
112,000
712,000
Jan.1985
Variable
600,000
100,000
700,000
Apr.1985
Variable
600,000
88,000
688,000
Jul.1985
Variable
600,000
76,000
676,000
Oct.1985
Variable
600,000
64,000
664
Jan.1986
Variable
600,000
52,000
652,000
Apr.1986
Variable
1,000,000
40,000
1,040,000
Jul.1986
Variable
1,000,000
2
1,020,000
$ 6,200,000 676,000 69876 000
* These are demand variable rate bonds. Number of bonds issued and
denominations will vary over the life of the issue. The original buyer
was one firm and two bonds were issued; one for $5,000,000 and one for
$2,400,000 on June 1, 1983•
** Interest is at a variable rate; calculation made at 8% of the unpaid
balance.
Table 11h
KODIAK ISLAND BOROUGH
Kodiak, Alaska
General Obligation School Improvement Bonds, Series 1984B
Retirement Schedule
This issue, dated May 1984, consisted initially of 9 bonds ** totaling $9,500,000.
No bonds have been retired.
Bonds are retired serially in numerical order over a period of 6 years. Retirement
dates quarterly, each as indicated below. Bonds maturing in 1983 and after are
callable beginning in 1982, but according to the escrow agreement, the call
privilege will not be exercised.
This issue was marketed by and is indexed weekly by John Nuveen & Co. of Chicago.
Legal opinion was rendered by bond counsel, Wohlforth & Flint of Anchorage.
Bonds were issued to construct the Kodiak High School auditorium. Bonds are payable
at the Metropolitan branch of the Seattle First National Bank, Seattle, Washington.
$ 9,500,000 2,134,000 11,634,000
(Continued)
Interest
Principal
Interest
Maturity
rate
quarterly
quarterly
Total
Oct.1984
Variable
$ 400,000
190,000
590,000
Jan.1985
Variable
400,000
182,000
582,000
Apr.1985
Variable
400,000
174,000
574,000
Jul.1985
Variable
400,000
168,000
568,000
Oct.1985
Variable
400,000
160,000
560,000
Jan.1986
Variable
400,000
152,000
552,000
Apr.1986
Variable
450,000
142,000
592,000
Jul.1986
Variable
450,000
133,000
583,000
Oct.1986
Variable
450,000
124,000
574,000
Jan.1987
Variable
450,000
115,000
565,000
Apr.1987
Variable
500,000
106,000
606,000
Ju1.1987
Variable
500,000
96,000
596,000
Oct.1987
Variable
500,000
86,000
586,000
Jan.1988
Variable
500,000
76,000
576,000
Apr.1988
Variable
550,000
65,000
615,000
Jul.1988
Variable
550,000
55,000
605,000
Oct.1988
Variable
550,000
44,000
594,000
Jan.1989
Variable
550,000
33,000
583,000
Apr.1989
Variable
550,000
22,000
572,000
Jul.1989
Variable
550,000
11,000
561,000
$ 9,500,000 2,134,000 11,634,000
(Continued)
2
KODIAK ISLAND BOROUGH
Kodiak, Alaska
Table 11h, Cont.
General Obligation School Improvement Bonds, Series 1984B
Retirement Schedule, Continued
Interest is at a variable rate; calculation made at 8% of the unpaid
balance.
* These are demand variable rate bonds. Number of bonds issued and
denominations will vary over the life of the issue. Original buyer
was one firm and nine bonds were issued; one for $1,500,000 and eight
for $1,000,000 each on May 3, 1984.
Table 11i
KODIAK ISLAND BOROUGH
Kodiak, Alaska
General Obligation Refunding Bonds, Series 1974
Retirement Schedule
This issue, dated April 1, 1974, consists of 800 bonds in the amount of $5,000 each,
totaling $4,000,000. Bonds numbered 1 through 299 have been retired. Bonds
numbered 300 through 800 bear interest at the rate indicated below.
Bonds are retired serially in numerical order over a period of 20 years. Retirement
date is April 1 of each year beginning in 1974. This issue
was refunded
by the
August 1,
1974 issue
and payment
funds are in
escrow at Central
Bank of
Denver.
Bonds maturing
in 1989
and after
are callable
beginning in
1989, and according
to
! the escrow
agreement,
the call privilege
will
be exercised.
Bonds were
issued to
refund the
Borough's outstanding general obligation
bonds.
Bonds are
payable at
the Central
Bank of Denver, Denver, Colorado.
Bond
Principal
Interest
Interest
Interest
numbers
due
due
due
Year
rate
inclusive
August 1
February 1
August 1
Total
1984
5.25%
300 -343
$ 220,000
-
34,341
254,341
1985
5.25
344 -390
235,000
31,454
31,454
297,908
1986
5.25
391 -440
250,000
28,369
28,369
306,738
1987
5.40
441 -493
265,000
25,088
25,088
315,176
1988
5.50
494 -548
275,000
21,511
21,511
318,022
1989*
5.55
549 -606
290,000
17,729
17,729
325,458
1990
5.60
607 -667
305,000
27,160
27,160
359,320
1991
5.65
668 -732
325,000
10,311
10,311
345,622
1992
5.70
733 -800
340,000
9,690
9,690
359,380
$ 2,505,000
171,312
205,653
2,881,965
* Funds are in Account No. 87 -1248 with the Central Bank of Denver.
Maturities of 1990 through 1992 will be called on August 1, 1989,
per Section 4 of the Escrow Agreement with Central Bank of Denver,
Denver, Colorado, dated October 1, 1974.
MEMO ONLY - Refunded by August 1, 1974 issue.