CAFR FY1991KODIAK ISLAND BOROUGH
KODIAK, ALASKA
it
r
JULY 1 1990 - JUNE 30, 1991
Annual Report • Kodiak Island Borough, Alaska
- ASSEMBLY MEMBERS-
To the Honorable Mayor and Members of the Kodiak Island Borough Assembly:
In accordance with the provisions of the Kodiak Island Borough Code, there is presented herewith
the Comprehensive Annual Financial Report for the year ended June 30, 1991, and the related
statements and statistical tables.
Respectfully submitted,
/! .", 'l. J'
Karleton G. Short, Finance Director
BETTY J. FITZJEARL
At Large, 1993
GARY L. STEVENS
At Large, 1992
Deputy Presiding Officer
JEROME SELBY
Mayor of Kodiak Island Borough, 1992
SUZANNE J. HANCOCK
At Large, 1993
GORDON J. GOULD
At Large, 1991
JACK L. McFARLAND
At Large, 1993
Presiding Officer of Assembly
MICHAEL R. MILLIGAN
At Large, 1991
MARY A. MONROE
At Large, 1992
BOROUGH OFFICIALS
KODIAK ISLAND BOROUGH
YEAR ENDED JUNE 30, 1991
BOROUGH ASSEMBLY
Betty J. Fitzjearl '93 Michael R. Milligan 1 91
Gordon J. Gould 1 91 Mary A. Monroe 1 92
Suzanne J. Hancock '93 (Deputy Presiding Officer) Gary L. Stevens 1 92
Jack L. McFarland '93 (Presiding Officer)
BOROUGH MAYOR
Jerome M. Selby 1 92
Karleton G. Short . . . . . . . . .
. . . . . . . . Finance Director /Treasurer
Raymond Camardella . . . . . . . . .
. . . .Facilities /Engineering Coordinator
Vacant . . . . . . . . . . . . . .
. . . . . . . . . . . . . . Borough Clerk
Linda L. Freed . . . . . . . . . .
. . . . . . . . . . . . Planning Director
Patrick S. Carlson . . . . . . . . .
. . . . . . . . . . . .Assessor /Appraiser
Perry L. Page . . . . . . . . . . . .
. . . . . . . . . Data Processing Manager
Pamela Delys - Baglien . . . . . . .
. . . . . . . . . . Mental Health Director
Earl A. Smith . . . . . . . . . . .
. . . . . . . . . . . . . . . . Fire Chief
Charles E. "Bud" Cassidy . . . . .
. . . . . . . Resource Management Officer
Jamin, Ebell, Bolger, Gentry . . .
. . . . (Contracted Firm) Borough Attorney
Edwin Myers . . . . . . . . . . . .
. . . . . . . . . . Hospital Administrator
John Witteveen . . . . . . . . . .
. . . . . Superintendent, School District
Cheryl Bolger . . . . . . . . . . .
. . . . . . . . . . . . . . . .Accountant
Barbara Templeton . . . . . . . . .
. . . . . . . . . . . . Purchasing Agent
vi
SECTION i
INTRODUCTORY SECTION
Kodiak Island Borough
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 1991
TABLE OF CONTENTS
INTRODUCTORY SECTION
ELECTED OFFICIALS (PHOTOGRAPHS)
BOROUGH OFFICIALS
BOARDS AND COMMITTEES
MAP OF KODIAK ISLAND BOROUGH
GFOA CERTIFICATE OF ACHIEVEMENT
ORGANIZATIONAL CHART
LETTER OF TRANSMITTAL
EXHIBIT
PAGE
v
vi
vii
ix
x
xi
xiii
FINANCIAL SECTION
INDEPENDENT AUDITOR'S REPORT
GENERAL PURPOSE FINANCIAL STATEMENTS
Combined Balance Sheet - All Fund Types and Account Groups 1
Combined Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balance - All Governmental Fund Types 2
Combined Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balances - Budget and Actual - General,
Special Revenue and Debt Service Funds 3
Combined Statement of Revenues, Expenses and Changes in
Retained Earnings - Proprietary Fund Type - Enterprise Funds 4
Combined Statement of Cash Flows
Proprietary Fund Type - Enterprise Funds 5
Notes to Financial Statements
COMBINING. INDIVIDUAL FUND AND ACCOUNT GROUP
FINANCIAL STATEMENTS
GENERAL FUND:
Balance Sheet
Statement of Revenues, Expenditures, Transfers
and Changes in Fund Balance - Budget and Actual
Schedule of Expenditures and Transfers -
Budget and Actual
A -1
A -2
A -3
1
2
6
8
10
11
13
42
43
46
i
Kodiak Island Borough
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 1991
TABLE OF CONTENTS
(Continued)
ii
EXHIBIT
PAGE
SPECIAL REVENUE FUNDS:
Combining Balance Sheet
B -1
52
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance (Deficit)
B-2
54
Statement of Revenues, Expenditures, Transfers and
, 3
Changes in Fund Balance (Deficit) - Budget and Actual:
j
Fire and Road Service Districts:
Fire:
Area 1
B -3
56
Women's Bay
B -4
57
I
Road:
Monashka Bay
B -5
58
District 1
B -6
59
Women's Bay
B -7
60
Bay View
B -8
61
Federal and State Grant Programs:
Mental Health Center
B -9
62
Mental Health Center - Schedule of Expenditures
B -10
63
Coastal Management (Energy) Program
B -11
64
Day Care
B -12
65
Education
B -13
66
Land Sales
B -14
67
Building and Grounds
B -15
68
Woodland Acres Lighting
B -16
69
Oil Spill Cleanup
B -17
70
DEBT SERVICE FUNDS:
Combining Balance Sheet
C -1
72
Combining Statement of Revenues, Expenditures
Transfers, and Changes in Fund Balance
C -2
73
Statement of Revenues, Expenditures, Transfers and
Changes in Fund Balance - Budget and Actual:
School Bonds
C -3
74
Other
C -4
75
'
CAPITAL PROJECTS FUNDS:
Combining Balance Sheet
D -1
78
,
Combining Statement of Revenues, Expenditures,
Transfers and Changes in Fund Balances (Deficits)
D -2
80
Schedule of Capital Projects
D -3
82
ii
Kodiak Island Borough
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 1991
TABLE OF CONTENTS
(Continued)
iii
EXHIBIT
PAGE
ENTERPRISE FUNDS:
Combining Balance Sheet
E -1
86
Combining Statement of Revenues, Expenses,
and Changes in Retained Earnings
E -2
88
Combining Statement of Cash Flows
E -3
89
Sanitary Services:
Balance Sheet
E -4
90
Statement of Revenues, Expenses, Transfers and
Changes in Retained Earnings - Budget and Actual
E -5
91
Statement of Cash Flows
E -6
92
Water:
Balance Sheet
E -7
94
Statement of Revenues, Expenses and Changes
in Retained Earnings - Budget and Actual
E -8
95
Statement of Cash Flows
E -9
96
Sewer:
Balance Sheet
E -10
97
Statement of Revenues, Expenses and Changes
in Retained Earnings - Budget and Actual
E -11
98
Statement of Cash Flows
E -12
99
Hospital:
Balance Sheet - December 31, 1990 and 1989
E -13
100
Statement of Revenues, Expenses, Transfers and
Changes in Fund Equity - Years Ended December 31,
1990 and 1989
E -14
101
Statement of Cash Flows - Years Ended December 31, 1990
and 1989
E -15
102
AGENCY FUNDS:
Combining Statement of Changes in Assets,
Liabilities and Fund Balances
F -1
104
GENERAL FIXED ASSETS ACCOUNT GROUP:
Schedule of General Fixed Assets by Source
G -1
106
Schedule of General Fixed Assets by Function and Activity
G -2
107
Schedule of Changes in General Fixed Assets by
Function and Activity
G -3
108
iii
Kodiak Island Borough '
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 1991 "
TABLE OF CONTENTS
(Continued)
EXHIBIT PAGE
GENERAL LONG -TERM DEBT ACCOUNT GROUP:
Schedule of General Long -Term Debt H -1 110
SUPPLEMENTAL FINANCIAL DATA:
Summary of Debt Service Requirements to Maturity I -1 112
General Obligation School Improvement Bonds, Series 1986A
Retirement Schedule I -2 113
General Obligation School Refunding Bonds, Series 1989
Retirement Schedule I -3 114
Asbestos Removal Loan Payable I -4 115
STATISTICAL SECTION
TABLE
PAGE
STATISTICAL TABLES:
General Governmental Expenditures and Other Uses
by Function - Last Ten Fiscal Years
1
118
General Revenues by Source - Last Ten Fiscal Years
2
119
Property Tax Levies and Collections -
Last Ten Fiscal Years
3
120
Assessed and Estimated Actual Value of Taxable
Property - Last Ten Fiscal Years
4
121
Property Tax Rates - All Overlapping Governments -
Last Ten Fiscal Years
5
122
Ten Largest Taxpayers
6
123
Ratio of Net General Bonded Debt - Last Ten Fiscal Years
7
124
Computation of Direct and Overlapping Debt
8
125
Computation of Legal Debt Margin
9
126
Ratio of Annual Debt Service Expenditures for General
Bonded Debt to Total General Expenditures -
Last Ten Fiscal Years
10
127
Demographic Statistics - Last Ten Fiscal Years
11
128
Salaries and Surety Bonds of Principal Officials
12
129
Property Value, Construction and Bank Deposits -
Last Ten Fiscal Years
13
131
Miscellaneous Statistical Data - Years Ended June 30, 1982
through June 30, 1991
14
132
Ij
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KODIAK ISLAND BOROUGH
BOARDS AND COMMITTEES
YEAR ENDED JUNE 30, 1991
Mental Health Center
Advisory Board (9)
Josefina Barber
James Carmichael
Richard Gaines
* Vickie Hester
Meri Holden
Mark Houglum
Mary Monroe
Linda Mullan
Karen Perkins
Plannine _an d _Zoninz Commission (7
Jon R. Aspgren
Bruce Barrett
Wayne Coleman
Jon Hartt
* Robin Heinrichs
Tom Hendel
Jody Hodgins
Citizen Board of Eaua lization (5
L. Ann Barker
Jim Carmichael
Vickie Case
* Andi Cristaldi
Tom Peterson
Bill Roberts, Alternate
Parks and Recreation Committee (1
Forrest Blau
Jon Hartt
Jeri Jensen
Bill McClain
Jack McFarland
* David Odell
Elizabeth Odell
Tom Watson
Gloria Wiechmann
Ian Fulp (City Rep.)
Claire Holland (State Rep.)
Alice Knowles (School Board)
Buildine Code Board of ADDeals
(Architectural Review Board) (9
* Bill Beatty
Ron Chase
Louise Ball Cusson
John Doyle
Cliff Ford
Mike Milligan
Thomas Rainey
James Wheeler
Susan Workman
Personnel Advisory Board (5
Pat Borger
Joanne Demke
Mary McFarland
Letitia Raub
* Walter Sapp
vii
School Board (7
Sunshine Bishop
Dave Herrnsteen
'
Alice Knowles
* Cheryl McNeil
Bill Oliver
Norm Wooten
Susan Workman
Hospital Advisory Board (9
'
Ben Ardinger
Gil Bane
Gordon Gould
* Jon Hlavinka
Gretchen Saupe
Betty Springhill
Wayne Stevens
1
Jeannie Volker
Lorne White
Mental Health Center
Advisory Board (9)
Josefina Barber
James Carmichael
Richard Gaines
* Vickie Hester
Meri Holden
Mark Houglum
Mary Monroe
Linda Mullan
Karen Perkins
Plannine _an d _Zoninz Commission (7
Jon R. Aspgren
Bruce Barrett
Wayne Coleman
Jon Hartt
* Robin Heinrichs
Tom Hendel
Jody Hodgins
Citizen Board of Eaua lization (5
L. Ann Barker
Jim Carmichael
Vickie Case
* Andi Cristaldi
Tom Peterson
Bill Roberts, Alternate
Parks and Recreation Committee (1
Forrest Blau
Jon Hartt
Jeri Jensen
Bill McClain
Jack McFarland
* David Odell
Elizabeth Odell
Tom Watson
Gloria Wiechmann
Ian Fulp (City Rep.)
Claire Holland (State Rep.)
Alice Knowles (School Board)
Buildine Code Board of ADDeals
(Architectural Review Board) (9
* Bill Beatty
Ron Chase
Louise Ball Cusson
John Doyle
Cliff Ford
Mike Milligan
Thomas Rainey
James Wheeler
Susan Workman
Personnel Advisory Board (5
Pat Borger
Joanne Demke
Mary McFarland
Letitia Raub
* Walter Sapp
vii
Ul
KODIAK ISLAND BOROUGH
KODIAK. ALASKA
BOARDS AND COMMITTEES
YEAR ENDED JUNE 30, 1991
Data Processi Steering Committee
Jack McFarland
Bill Oliver
Perry Page
* Jerome Selby
Karleton Short
John Witteveen
Jocelyn Zwiefelhofer
Fire Protection Area #1
Advisory Board (5)
* Scott Arndt
Vernon Berns
Charles Lorenson
John Shank
Bill Swearingin
Bav View Road Service Distr
Advisory Board (5)
Dawn Black
Randy Chase
Ron Chase
Rick Holzshu
* Reed Oswalt
Monashka Bav Road Service D istrict
Advisory Board (5)
Eric Blankenburg
Lou Dochtermann
Don Fox
Dan Ogg
* Joel Wattum
Emerzencv Serv ices Council (5
Tom Barrett, USCG
Bob Brodie
Gordon Gould
* Jerome Selby
Gary Stevens
* Indicates chair
viii
Service Dist No. 1
Advisory Board (7)
* Scott Arndt
Vernon Berns
Jim Fisks
Charles Lorenson
Andy Nault
Earl Smith, Jr.
Vacant
Women's Bav S ervice District
Advisory Board (7)
* Wayne Berry
Andy Edgerly
James "Butch" Fitzjearl
Dale Starkovich
Bob Tarrant
Richard Perkins
Vacant
Kodiak Is land Transportation Stud
Steering Committee (KITS) (5)
Bob Brodie
* Gordon Gould
Jerome Selby
Gary Stevens
Vacant
Woodland Acres Street Light
Service Di strict Advisory Board (3
Bob Hatcher
Barbara Heinrichs
* Sharon Nault
1
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Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
Kodiak Island Borough,
Alaska
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
June 30, 1990
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public - employee retirement
systems whose comprehensive annual financial
reports (CAFR's) achieve the highest
standards in government accounting
and financial reporting.
President
Executive Director
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Planning &
Citizens Advisory
1'tayor
Service District
School Board
Advisory Board
Zoning Commissio
Boards /Commission
Advisory Boards
(���)
(Appointed 69
(Appointed by
(Appointed by
(Elected)
Assem6l )
Assembly)
Assem6L )
Personnel Board
Manashk.a Ba y
Superintenderi
�lospital
Borough
Architectural RevLew
Road Service
o Schools
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Parks and Recreation
District
Administrator
Attorney
Board of Equalization
Womens Bay Road
Mental licaLth Center
Service /Fire
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Borough
Economic Development
District
FS chool Staff
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Clerk.
OCS Advisory Council
Service District No.I
Building Code Board
-Road, Water, Sewer
of Appeals
Vire District No. l
XILTS Committee
- $ayview
Woodland Acres
Street
Lighting District
Building
Dev i ment Engineering
7tl Community
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Finance
Data
Services Assessing
Mental
3Lealth
Inspector
Department
Department
Department
Department
Department
Center
SECTION 2
FINANCIAL SECTION
Kodiak IslandBorough
710 MILL BAY ROAD
KODIAK, ALASKA 99615 -6340
> PHONE (907) 486 -5736
' October 4, 1991
To the Honorable Mayor and Members of the Assembly
' Kodiak Island Borough
Kodiak, Alaska
The comprehensive annual financial report (CAFR) of the Kodiak Island Borough
(Borough), Kodiak, Alaska for the fiscal year ended June 30, 1991 is submitted
herewith.
This report was prepared by the Borough Finance Department. Responsibility for the
' accuracy, completeness and fairness of presentation, including all disclosures, rests
with the Borough. We believe the data, as presented, is accurate in all material
respects, that it is presented in a manner designed to fairly set forth the financial
position and results of operations of the Borough as measured by the financial activity
of its various funds, and that all disclosures necessary to enable the reader to gain
maximum understanding of the Borough's financial affairs have been included.
This comprehensive annual financial report is presented in three main sections:
introductory, financial, and statistical. The introductory section includes background
on the Borough, the fund accounting concept used by the Borough, and some financial
presentations. The financial section includes the report of the independent auditor,
combined financial statements, notes to financial statements, and more - detailed
combining and individual financial statements and schedules. The statistical section
includes selected financial and general information presented on a ten year comparative
basis.
GENERAL INFORMATION
The Kodiak Island Borough lies at the western border of the Gulf of Alaska, about 40
miles south of the Kenai Peninsula. About two- thirds of the Borough lies in the Kodiak
archipelago. One third of the Borough is on the Alaska Peninsula across the Shelikof
Strait from Kodiak Island. The Shelikof Strait is only 20 miles wide in places. The
Borough encompasses 7,130 square miles, making it slightly smaller than the State of
Massachusetts.
The Borough was incorporated September 30, 1963 as a Second Class Borough by Chapter
146 Sessions, Laws of Alaska 1961, as amended. The Borough is governed by a strong
xiii
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Mayor/Assembly form of g overnment. The Borough Assembly is composed of seven members '
who are elected at large. _
The funds related to the Borough included in our CAFR are considered to be within the
oversight responsibility of the Borough Assembly.
The criteria used in determining the reporting entity are consistent with the
Codification of Governmental Accounting and Financial Reporting Standards Section 2100,
"Defining the Reporting Entity ". Based on these criteria, the various funds and
account groups (being all the funds and account groups of the Borough) shown in the
Table of Contents are included in this report.
ECONOMIC CONDITION AND OUTLOOK
The economic condition of the Kodiak Island Borough remains quite good. The main
industries of the Kodiak Island Borough are commercial fishing, logging, and tourism.
While some segments of the commercial fishing industry are down, others are up.
Logging has been fairly stable but tourism was down in 1991 due to the state ferry
Tustemena being in Washington State the entire summer for repairs.
Commercial fishing is by far the largest industry in the Kodiak Island Borough. For
all of the fisheries combined the total catch in calendar year 1990 was $103,639,625
compared to $98,169,977 in 1989 and $84,621,809 in 1980. The estimated 1991 ex- vessel
value of the salmon fishery is $31.4 million which is below the 1990 season of $51.0
million and the 1988 season of $104 million. The reason for this decline in ex- vessel
value is the abundance of fish on the world markets, and thus, lower salmon prices.
In 1991 (June 9, 1991 - October 1, 1991) 23.67 million salmon were harvested. The
sockeye (red salmon) harvest of 5.7 million fish is a new record harvest for Kodiak
followed by the 1990 harvest of 5.25 million and the 1901 harvest of 4.83 million
sockeye. The shellfish (crab) industry is still down with a catch of $27.6 million in
1990 compared to $47.5 million in 1980.
The assessed value of real and personal property of the Kodiak Island Borough has risen
from $337,092,196 in 1982 to $516,304,869 in 1991, an increase of 538. The
unemployment rate as of June 30 was 8.28 but July 5th is the traditional time when the
canneries hire their seasonal workers. The unemployment rate is generally 3.2 to 128.
Based on current Chamber of Commerce projections the Kodiak Island Borough will
continue to grow through the end of the century. This growth will positively impact
the Kodiak Island Borough but the Borough will also have to grow to provide the same
level of services to its residents.
MAJOR INITIATIVES
In preparing the Fiscal Year 1991 budget the Kodiak Island Borough identified several
major projects to be addressed in Fiscal Year 1991. All major projects are listed in ,
Schedule D -3 of the annual report. One major project was the acquisition of a new IBM
AS /400 computer system and the purchase of New World Accounting software. This should
considerably enhance the ability of the Kodiak Island Borough to collect and report ,
financial information. Other projects of note were the repair of the Old Harbor School
and the High School Alteration project.
I
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�1
The residents of Woodland Acres, a service district within the Kodiak Island Borough,
voted to provide lighting services to their district beginning in Fiscal Year 1991.
Several street lights were installed and in operation in Fiscal Year 1991 with more to
be added in Fiscal Year 1992.
Two new positions were added to the Sanitary Landfill Department in Fiscal Year 1991.
This increased the staffing level at the landfill from 3 positions to 5 positions.
These positions were for an Environmental Engineer and another Baler Operator I. It
was felt that these positions were needed to meet all of the Federal and State
' requirements and also to maintain the quality of the environment of the Kodiak Island
Borough.
In the past several years, including Fiscal Year 1991, the Kodiak Island Borough has
been using a portion of Fund Balance to fund current operations. Even though the
Kodiak Island Borough has a very low mill rate (4.5 mills in Fiscal Year 1991), it was
felt that an alternative to just increasing the property tax would be beneficial.
Therefore, beginning July 1, 1991, there is a severance tax on resources extracted from
the Kodiak Island Borough. This tax is on fish, timber, and gravel extraction. The
severance tax rate is the same as the property tax rate (5.5 mills in Fiscal Year
1992).
The Kodiak Island Borough has also designated a new hospital as their number one
capital project. To this end, the Borough has done the site work and completed the
design of a new hospital. The Borough is presently procuring funds to begin
construction of a new hospital.
DEPARTMENT OR ACTIVITY SERVICE EFFORTS AND ACCOMPLISHMENTS
The Borough provides a variety of services including education, health, garbage
collection and disposal, planning and zoning, public improvements, and general
administration. The Borough provides for education through the Kodiak Island Borough
School District and has contracted with Lutheran Health Systems Management Company to
operate the Borough Hospital.
The Borough is responsible for operating the sanitary landfill and provides water and
sewer services outside the Kodiak city limits. The Borough has oversight
responsibility for four road service districts, two fire protection districts, and a
street light service district.
' Each year the Borough selects a department to highlight for its efforts and
accomplishments. For Fiscal Year 1991 the Borough Assessing Department has been
selected for review. The 4 person staff of this department has substantially improved
both the quality and equity of the assessment process over the last 3 years. Some of
the accomplishments include the complete physical reappraisal of over 908 of the 12,500
square miles of the Borough, the taxation of timberlands on Afognak, adding over 200
parcels of property not previously on the tax roll and the complete reconstruction of
' the personal property roll. The net result has been a dramatic increase both in tax
revenues and overall equity of all taxable property within the Borough.
'
This office has
which goes into
developed a severance tax on resource extraction within the Borough
effect July 1, 1991. This severance tax should result in approximately
$500,000 of new
revenues for Fiscal Year
1992. While conducting this massive effort,
the department has been within its budget
and has not increased its staff, due in part
xv
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to the efficient utilization of available resources, a cost/benefit approach to the '
work load and old fashioned hard work.
The use of the fishing vessel K -HI -C to reappraise remote property has resulted in over
a 75% reduction in the cost of travel which has historically been done by airplane.
Use of the vessel also allowed for a more effective review along with foul weather
access to property that had not been physically visited in many years.
The reputation of this office having a high quality and efficient operation has
drastically reduced public concern over their assessments and a greater reliance on the
department as a resource for information and assistance. So while increasing tax
revenues to the Borough by nearly $500,000 in three years, the department has also been
able to maintain the confidence of the citizens, resulting in only one tax assessment
appeal during this 3 year period. The future goals of this department include the
creation of a computer -aided mass appraisal system package integrated with a
computerized mapping information system which should insure the efficient and cost
effective operation of this department through the 90's.
FINANCIAL INFORMATION
DISCUSSION OF CONTROLS
Management is extremely aware of the importance of good internal controls. Although
present controls are considered to be highly satisfactory and adequate, they continue
to be scrutinized periodically for enhancements.
Internal control structure
The accounting system of the Borough is dependent upon a strong system of internal
control. The Finance Director of the Borough also acts as the internal auditor. The
Borough is concerned with all aspects of internal control, both reliable and accurate
financial information and the safeguarding of Borough assets. As much as possible, in
a small office, duties are segregated and no one person has complete control over any
one area.
Budgetary controls
The Borough uses the modified accrual basis for governmental funds and the accrual ■
basis for enterprise funds. Under the modified accrual basis of accounting, revenues
are recognized when measurable and available and expenditures are recognized when '
incurred.
Budgetary control is maintained by an annual appropriation system supplemented by a ,
supplemental appropriation approximately half way through the fiscal year. Budgetary
control is also maintained through the use of an encumbrance system. As purchase
orders, contracts and other obligations are issued, corresponding amounts of
appropriations are reserved by the use of encumbrances so that appropriations will not '
be overexpended.
All new monies are appropriated by a public hearing and the adoption of an ,
appropriation ordinance. Appropriation transfers are made between funds and /or
departments only after the adoption of a resolution by the Assembly. Appropriation
transfers between line items within a fund are done by staff. '
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GENERAL GOVERNMENT FUNCTIONS
The following schedule presents a summary of general fund revenues for the fiscal year
ended June 30, 1991 and the amount and percentage of increases and decreases in
relation to prior year revenues. Only the General Fund of the Borough is considered
in the following explanation of general governmental functions.
Intergovernmental revenue is much larger in Fiscal Year 1991 compared to Fiscal Year
1990 due to raw fish tax. A change in budgeting occurred in 1990 and subsequent years
to recognize the tax in the year received. No revenue for this item was recognized in
Fiscal Year 1990.
Property tax is the largest source of revenue for the general fund of the Kodiak Island
Borough. The increase in property tax is due to an increase in the assessed value of
the Borough.
Changes in levels of expenditures for major General Fund functions of the Borough over
the preceding year are shown in the following tabulation:
Increase
Revenue Source and Other
Percent
(Decrease)
Financing Sources
Amount
of Total
Over 1990
Property taxes
$2,823,929
50.1%
$ 183,885
Intergovernmental
2,255,951
40.0
939,713
Licenses, permits, and fees
100,868
1.8
(19,277)
Investments and property
456.381
8.1
(84.470
Education
$5.6�7,129
10_j%
$1.0� 1
Intergovernmental revenue is much larger in Fiscal Year 1991 compared to Fiscal Year
1990 due to raw fish tax. A change in budgeting occurred in 1990 and subsequent years
to recognize the tax in the year received. No revenue for this item was recognized in
Fiscal Year 1990.
Property tax is the largest source of revenue for the general fund of the Kodiak Island
Borough. The increase in property tax is due to an increase in the assessed value of
the Borough.
Changes in levels of expenditures for major General Fund functions of the Borough over
the preceding year are shown in the following tabulation:
The Assembly of the Kodiak Island Borough has tried very hard in recent years to hold
' the line on spending and they have done a very good job. The largest increase in
general government came from adding a position in the Community Development Department.
Expenditures for public works went down with the deletion of one position.
' The fund balance of the General Fund continues to undergo a critical periodic review.
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
xvii
Increase
Percent
(Decrease)
Function
Amount
of Total
Over 1990
General government
$1,943,385
73.08
$114,264
Public safety
81,299
2.5
6,606
Public works
149,898
4.6
(75,077)
Health and sanitation
411,000
12.7
43,079
Education
43,633
1.3
(10,517)
Culture and recreation
190,700
5.9
10,200
Conservation and
development
426.516
13.1
76.686
$3.2_
100.0
$165,241
The Assembly of the Kodiak Island Borough has tried very hard in recent years to hold
' the line on spending and they have done a very good job. The largest increase in
general government came from adding a position in the Community Development Department.
Expenditures for public works went down with the deletion of one position.
' The fund balance of the General Fund continues to undergo a critical periodic review.
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
xvii
I �,
actions, the current year property tax millage rate remains unchanged from the previous
year.
The following table reflects fund balance of the General Fund at the close of business
for fiscal years ended June 30:
1982
$ 5,478,183
1983
2,684,707
1984
2,742,239
1985
2,661,914
1986
2,532,100
1987
2,475,747
1988
2,248,866
1989
3,098,371
1990
1,981,147
1991
1,774,750
PROPRIETARY OPERATIONS
The Kodiak Island Hospital and Care Center is contracted for management services with
the Lutheran Health Systems Management Company. The Borough is ultimately liable for
any financial loss.
In July 1991, subsequent to the Hospital's December 31, 1990 year end and subsequent
to the issuance of other independent accountant's report relating thereto, the Hospital
settled on -going malpractice litigation which resulted in a liability of approximately
$700,000. The financial statements of December 31, 1990 reported on by other
independent accounts have been adjusted to reflect the settlement.
The Borough does not have a water plant or sewer treatment facility. Water is
purchased from the City of Kodiak and sold to Borough users. These customers are in
a service district contiguous to the City.
All utility funds have shown a significant annual operating loss for the previous three
fiscal periods but showed an aggregate profit for Fiscal Year 1991.
Sanitary
Water Sewer Services Total
1988 $(49,711)
$(177,372)
$(287,447)
$(514,530)
1989 (81,440)
(260,870)
(349,308)
(691,618)
1990 (95,800)
(158,587)
(95,231)
(349,618)
1991 (41,323)
36,451
11,724
6,852
The utility funds, which include water, sewer and sanitary services are frequently
supported by contributions from the general or other funds. On July 1, 1991 water,
sewer and garbage rates were increased by 468. Management feels that this will enable
the utility funds to start showing an operating profit.
xviii
C
I ,
FIDUCIARY OPERATIONS
All fiduciary activity is handled with the same care and due diligence that we exercise
with any of our funds. All amounts due are withheld and /or collected, accounted for
and remitted promptly.
Periodically the State of Alaska informs each participating entity of the Public
Employees Retirement System (PERS) as to the employee and employer contribution rates.
These amounts are budgeted, withheld and remitted accordingly.
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. The Borough
and school district pension funds have no unfunded pension benefit obligation.
Periodically the actuarial assumptions are revised by the State of Alaska PERS. When
such occurrence creates a deficiency, that amount is paid within the period of
notification or upon adoption of a subsequent budget.
The Borough collects, deposits, invests and accounts for all property tax receipts.
For the entities for which the Borough does the accounting, the revenue is recognized
in those particular funds. Receipts for the City of Kodiak are normally remitted in
full in October or November of each year.
All other fiduciary collection activity (i.e., Federal withholding, FICA, Insurance,
Pension funds, etc.) is accounted for and promptly remitted to the agency involved.
DEBT ADMINISTRATION
Summary of debt principal outstanding at fiscal year end was:
General obligation, school 1986 $ 5,000,000
General obligation refunding 1989 8,735,000
Environmental Protection Agency loan 281.248
$14.016.248
No new debt obligation was incurred during the past year. However, on July 15, 1991,
Kodiak Island Borough issued $4,875,000 in General Obligation School Refunding Bonds,
1991 Series A, to refund the 1986 Series A General Obligation Variable Rate Demand
Bonds. The interest rate on the bonds will vary from 4.65% to 5.908 and will be paid
in semi - annual installments commencing December 1, 1991 with the last installment due
June 1, 1996.
Proceeds from the issuance were used as follows:
Deposit to principal and interest fund
to pay off refunded issue $4,738,047
Costs of issuance 126,938
Original issue discount 10.015
$4.8-
xix
I �
The Statutes of the State of Alaska and the Code of the Kodiak Island Borough do not '
establish a legal debt margin. Our debt capacity is determined by a vote of the
electorate and ultimately by the marketplace when debt is attempted to be placed. .
The Borough has no revenue bonds authorized or issued. The Borough's general
obligation bonds are rated as follows:
Moody's Standard
Investors Service and Poors
General obligation variable rate 1986 AA + /A -1+
General obligation refunding 1989 Aaa
Per capita debt for the past ten years is reflected in Table 7 on page 123. You may
note that a per capita high of $1,772 was reached in 1984 during the peak years of our
new school construction. Our per capita bonded debt is now down to $410.
CASH MANAGEMENT
Cash management is a strong point of your current Borough Finance Department. Monies,
naturally, cannot be invested until received and deposited. As simple as this is, few
in government stress this point. It was only a few years ago that several years of
unpaid taxes were not the exception. The required forms were not prepared and
submitted promptly for drawdowns on State grants and other receivables were handled in
a like manner. All accounts of the Borough are now relatively current and proper
monitoring procedures are in place for timely receipt and deposit of any amounts due.
Investment policies
The Borough treasurer operates as the central treasurer for all Borough monies. This,
in effect, means the Borough, School District, Hospital and Mental Health Center
monies. A cash pool concept is maintained whereas all funds are self - balancing unique
entities and each fund has its own cash account which on occasion may show a "book
overdraft" while others have an excess of cash. In this manner, the Borough is able
to fully invest all idle funds without creating a "bank overdraft."
All funds are deposited daily and all idle funds are invested on the following day.
We do recognize that there is frequently some exposure to uninsured and
uncollateralized deposits. We have made great strides in minimizing this exposure
through increased collateral and selection of banks and brokers with additional
insurance. An account is now used (established February 1989) with the local servicing
bank to daily sweep the total balances to another account. This account is
collateralized by U.S. Treasuries at 102% of carrying value. Collateral is held by a
third party bank.
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 t
Code. Basically, it states that we invest only in high grade securities that are fully
collateralized and /or insured. Further, the collateral is to be held by a third party
bank. I
xx
During the past year the investments of the Borough have fluctuated between $18 and $21
million. Interest rates for our fiscal year started off at 7.98 to 8.58 in early July
1990. At year -end of June 30, investments were earning from 5.88 to 8.08 for an
average yield of 6.168. We closed out the year with investment earnings for all funds
in the amount of $1,897,792.
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 of or control of risks
- Self- assumption of certain risks through formal funding
- Transferring risks through the purchase of insurance
A year by year comparison is somewhat meaningless, without study, as some years'
records include refunds of unearned premiums of past years while others do not. 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 cost where possible
while providing adequate coverage. Insurance premium costs are no longer a minor
expenditure item for the Borough. In recent years, insurance premium costs have risen
considerably and are now in excess of a million dollars annually. The policy of the
Borough is to get bids on the selection of the insurance agent every three years. We
work closely with this agent to get the best coverage for the dollar.
Periodically we also have an insurance analysis performed by a major risk management
independent consultant (one who sells only service, not insurance) to review our
coverage and highlight potential exposure and /or duplication of questionable coverage.
This has again been accomplished and a copy of this report is used and is on file.
OTHER INFORMATION
INDEPENDENT AUDIT
The Borough Code requires an annual audit to be made of the books of account, financial
records, and transactions of all administrative departments of the Borough. We have
complied with this requirement and the auditor's opinion has been included in this
report.
The scope of our annual audit has been strictly financial and compliance for many
years. No performance auditing has been contracted for or accomplished.
The State of Alaska requires single audits per statute and defines these requirements
in 2 AAC 45.010.
The Borough also complies with the "Federal Single Audit Act of 1984 ".
xxi
AWARDS 1
GOVERNMENT FINANCE OFFICERS ASSOCIATION CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN I
FINANCIAL REPORTING
The Government Finance Officers Association of the United States and Canada (GFOA)
awarded a Certificate of Achievement for Excellence in Financial Reporting to the ,
Kodiak Island Borough for its comprehensive annual financial report for the fiscal
years ended June 30, 1988, June 30, 1989, and June 30, 1990.
In order to be awarded a Certificate of Achievement, a government unit must publish an 1
easily readable and efficiently organized comprehensive annual financial report, whose
contents conform to program standards. Such reports must satisfy both generally 1
accepted accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe our
current report continues to conform to the Certificate of Achievement Program '
requirements, and we are submitting it to the Government Finance Officers Association.
GOVERNMENT FINANCE OFFICERS ASSOCIATION DISTINGUISHED BUDGET PRESENTATION AWARD ,
The Borough Mayor and Finance personnel have worked hard in recent years to streamline
our budget. Each annual document encompasses the good features of the prior years
while adding the best of current thinking. '
We submitted our Fiscal Year 1991 budget to the GFOA and received the Distinguished
Budget Presentation Award.
OTHER AWARDS
Citizens of the Kodiak Island Borough are pleased to see that our Mayor, Jerome M.
Selby, has been recognized nationally. He appears in the current issue of Who's Who
in the West and also Who's Who in the World
Acknowledgements
I wish to express my appreciation to all the members of the finance department for 1
their efficient and dedicated service during the past year. I wish to thank your
office and the members of the Borough Assembly for their interest in and support of the
planning and conducting of the financial operations of the Borough in a responsible and 1
progressive manner.
Respectfully submitted,
T--z� '6- i4
1
1
KARLETON G. SHORT
DIRECTOR OF FINANCE ,
xxii
101 West Benson Boulevard
Anchorage, AK 99503
Price Waterhouse
INDEPENDENT AUDITOR'S REPORT
October 4, 1991
To the Mayor and Members of the Assembly
Kodiak Island Borough
Telephone 907 563 4444
to
In our opinion, based upon our audit and the report of other independent
accountants, the accompanying general purpose financial statements listed
in the table of contents present fairly, in all material respects, the
financial position of the Kodiak Island Borough at June 30, 1991 and the
results of its operations and cash flows for its proprietary fund type
for the year then ended, in conformity with generally accepted accounting
principles. These general purpose financial statements are the
responsibility of the Borough's management; our responsibility is to
express an opinion on these financial statements based on our audit. We
did not audit the financial statements of Kodiak Island Hospital and Care
Center, which represents 31 percent and 77 percent respectively of the
assets and revenues of the Proprietary Fund Type. Those financial
statements, prior to the adjustment noted in the paragraph immediately
following, were audited by other independent accountants whose report has
been furnished to us, and our opinion expressed herein, insofar as it
relates to the amounts included for Kodiak Island Hospital and Care
Center is based solely on the report of the other independent
accountants. We conducted our audit in accordance with generally
accepted auditing standards which require that we plan and perform the
audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements, assessing the accounting
principles used and significant estimates made by Borough officials, and
evaluating overall financial statement presentation. We believe that our
audit and the report of other independent accountants provides a
reasonable basis for our above opinion on the general purpose financial
statements.
As discussed in Note 12, accrued liabilities and expenses of Kodiak
Island Hospital and Care Center at December 31, 1990 have been adjusted
to reflect a settlement agreement. We have audited the adjustments
described in Note 12 that were applied to the financial statements of
December 31, 1990. In our opinion, such adjustments are appropriate and
have been properly applied to the 1990 financial statements.
Our audit was made for the purpose of forming an opinion on the general
' purpose financial statements taken as a whole. The combining, individual
fund, and individual account group financial statements and schedules
listed in the table of contents are presented for purposes of additional
analysis and are not a required part of the general purpose financial
1 statements of the Kodiak Island Borough. Such information has been
subjected to the auditing procedures applied in the audit of the general
purpose financial statements and, in our opinion, based upon our audit
and the report of other independent accountants, is stated fairly in all
material respects in relation to the general purpose financial statements
taken as a whole.
KODIAK ISLAND BOROUGH
COMBINED BALANCE SHEET - ALL FUND
TYPES AND ACCOUNT GROUPS
JUNE 30, 1991
Governmental
Fund Tunes
Special
Debt Capital
ASSETS General
Revenue
Service Projects
Current assets:
Equity in central treasury $ 120,251
$ 349,388
$ 508,876 $ 412,803
Temporary investments 3,586,982
1,941,891
6,508,945 4,026,877
Other cash and cash equivalents -
45,511
110,285 -
Investment in deferred
compensation plan -
-
- -
Receivables:
State of Alaska 49,310
1,211,133
239,782 12,889
Federal Government -
41,924
- -
Property taxes, net of
allowance of $17,667 42,078
-
- -
Land sales contracts, due within
one year -
195,510
- -
Other, net of allowance of
$789,488 48,266
294,056
114,751 47,368
Due from other funds -
2,235,115
- 152,670
Inventories -
173,826
- -
Prepaid expenses 37,250
32,090
- -
Assets whose use is limited:
By Borough -
-
- "
Under malpractice funding
arrangement -held by trustee -
-
- -
By donor for purchase of equipment -
-
- -
Equity in central treasury -
-
- -
Temporary investments -
-
- -
Interest receivable -
-
- -
Land sales contracts receivable,
due after one year -
1,729,586
- -
Deposit on capital lease -
-
-
Amount available to service
long -term debt in Debt
Service Fund -
-
- "
Amount to be provided to
service long -term debt -
-
- -
Fixed assets in service -
-
- -
Accumulated depreciation -
-
- -
Construction work in progress -
-
- -
Total assets $3,8��7
$8.2� 50,030
$7.4�639 $4.6� 552
The accompanying notes are an integral part of these financial statements.
2
EXHIBIT 1
Proprietary
Fiduciary
Totals
Fund Type
Fund Type
Account Groups
(Memorandum Only)
Agency
General General Long -
Enterprise
Fund Type
Fixed Assets Term Debt
1991
1990
$ 214,326
$ -
$ - $ -
$ 1,605,644
$ 1,869,215
250,000
-
- -
16,314,695
15,629,451
1,099,788
118,502
- -
1,374,086
2,906,558
-
710,336
- -
710,336
622,980
_
-
- -
1,513,114
1,527,395
41,924
61,094
42,078
15,313
_
-
- -
195,510
245,276
1,856,109
79
- -
2,360,629
1,754,153
-
-
- -
2,387,785
3,676,046
190,918
-
- -
364,744
420,889
28,206
-
- -
97,546
600,694
658,377
-
- -
658,377
767,567
257,990
-
- -
257,990
-
73,376
-
- -
73,376
-
33,946
-
- -
33,946
20,160
500,000
-
- -
500,000
481,556
16,556
-
- -
16,556
15,794
-
-
- -
1,729,586
1,368,020
67,976
-
- -
67,976
-
-
-
- 7,475,608
7,475,608
6,835,420
-
-
- 6,708,518
6,708,518
8,928,338
24,210,512
-
77,236,816 -
101,447,328
100,077,191
(4,847,882)
-
- -
(4,847,882)
(4,132,709)
32,395
-
1,493,112
1,525,507
1,850,761
$24,642,593
$828,917
$78,729,928 $14,184,126
$142,654,977
$145,541,162
Continued
3
KODIAK ISLAND BOROUGH
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
JUNE 30, 1991
The accompanying notes are an integral part of these financial statements.
4
Governmental
Fund Types
LIABILITIES AND
Special
Debt
Capital
FUND EQUITIES
General
Revenue
Service
Projects
Liabilities:
Accounts payable
$ 92,897
$ 400,779
$ 7,031
$ 33,447
Retainage payable
-
-
-
24,170
Salaries payable
-
752,624
-
-
Payroll taxes and employee
benefits
18,167
841,519
-
-
Other accrued liabilities
3,208
206,538
-
-
Current portion of capital lease
obligation
-
-
-
-
Customer deposits
-
300
-
-
Deferred and unrealized revenues
-
2,086,635
-
542,572
Deferred compensation
-
-
-
-
Due to other funds
1,995,115
257,670
-
-
Due to student organizations
-
-
-
-
Capital lease obligation
-
-
-
-
Accrued annual leave
-
-
-
-
General obligation bonds payable
-
-
-
-
Environmental Protection
Agency loan
-
-
-
Total liabilities
2.109.387
4.546.065
7.031
600.189
Fund equities and other credits:
Contribution in aid of construction
-
-
-
-
Investment in general
fixed assets
-
-
-
-
Retained earnings
-
-
-
-
Fund balance:
Reserved:
Encumbrances
-
78,965
-
709,443
Fuel inventory
-
50,345
-
-
Health insurance
-
200,000
-
-
Fiscal Year 1991 PL -874
-
154,032
-
-
Unreserved:
Subsequent year expenditures
1,774,750
341,800
7,475,608
1,426,538
Undesignated
-
2.878.823
-
1.916.437
Total fund equities and
other credits
1.774.750
3.703.965
7.475.608
4.052.418
Total liabilities, fund
equities and other credits
$3.884.137
$8.250.030
$7.482.639
$4.652.607
The accompanying notes are an integral part of these financial statements.
4
EXHIBIT 1 (Continued)
Proprietary
Fiduciary
-
Totals
Fund Type
Fund Tyne
Account Groups
(Memorandum
Only)
814,184.126
Agency
General General Long -
Enterprise
Fund Tyne
Fixed Assets Term Debt
1991
1990
$ 410,366
$ 1,285
$ - $ -
$ 945,805
$ 902,618
_
_
_ -
24,170
2,622
_
_
_ -
752,624
573,572
286,413
-
- -
1,146,099
1,164,347
730,464
-
- -
940,210
22,547
24,922
-
- -
24,922
-
34,184
-
- -
34,484
14,741
_
_
_ -
2,629,207
2,383,103
-
710,336
- -
710,336
622,980
_
_
_ -
2,252,785
5,192,916
-
117,296
- -
117,296
92,412
114,232
-
- -
114,232
-
-
_
- 167,878
167,878
151,675
-
-
- 13,735,000
13,735,000
15,310,000
-
281.248
281.248
302.083
1.600.581
828.917
- 14,184.126
23.876.296
26.735,616
19,516,272
-
- -
19,516,272
19,899,311
-
-
78,729,928 -
78,729,928
77,973,489
3,525,740
-
- -
3,525,740
4,876,895
- 788,408 143,163
_ - 50,345 85,937
_ - 200,000 200,000
_ _ - 154,032 207,072
- 11,018,696 11,181,026
4.795.260 4,238.653
23.042.012
- 78.729.928
-
118.778.681
118.805,546
$24.642.593
$828,917 $78.729,928
814,184.126
$142.654.977
$145.541.162
5
KODIAK ISLAND BOROUGH
COMBINED STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND
CHANGES IN FUND BALANCE ALL GOVERNMENTAL FUND
TYPES
YEAR ENDED JUNE 30, 1991
a
Special
General
Revenue
Revenues:
,
Property taxes
$ 2,823,929
S 339,734
Intergovernmentat:
State sources
2,253,888
18,686,558
Federal sources
2,063
2,017,334
Land sale proceeds
-
581,519
Exxon reimbursement
-
-
Insurance proceeds
-
-
Asbestos settlement
-
-
_e
Licenses, permits, fees and other Local revenues
100,868
866,789
Investments and property
456,381
491,810
Total revenues
5,637,129
22.983,744
Expenditures:
Current:
Borough Assembly
127,479
-
4
Mayor's department
207,326
-
CLerk's department
235,235
-
Legal department
143,481
-
Finance department
313,393
-
Data services
197,025
-
,y
Assessment department
215,401
-
Engineering facilities department
149,898
-
Community development department
376,662
581100
Building inspector
78,218
-
s
Resource management
75,013
-
Switchboard /word processing
57,398
-
Community and Regional Affairs liaison
3,171
-
Economic development
49,854
-
k
General administration
368,463
857,881
,
Emergency preparedness
3,081
-
Education support
43,633
17,481,451
Health and sanitation
411,000
1,856,893
Culture and recreation
190,700
-
Oil spill clearwp
-
409,989
Capital improvements:
Capital outlay
-
-
Schools
-
-
Service district maintenance
-
140,548
General
-
-
Debt service
-
-
Total expenditures
3,246,431
20,804,862
Excess (deficiency) of revenues over expenditures
2,390,698
2,178,882
i
Other financing sources (uses):
S
Demand bond principal payments
Operating transfers in
-
173,230
-
2,790,685
,
Operating transfers out
(2,770,325
(5.835,638
Net other financing sources (uses)
(2,597,095
(3,044,953
j
Excess (deficiency) of revenues and other financing
sources over expenditures and other financing uses
(206,397)
(866,071)
Fund balance at beginning of year
1,981,147
4,605,628
Adjustment to reserve for fuel inventory
-
(35,592
Fund balance at end of year
$ 1.774,750
SS 3,73
The accompanying notes are an integral part of these
financial statements.
6
'
EXHIBIT 2
7
Totals
(Memorandum Only)
Debt
Capital
Service
Proiects
1991
1990
S -
S -
S 3,163,663
S 2,895,805
-
266,774
21,207,220
20,689,400
-
-
2,019,397
2,349,782
-
-
581,519
370,886
.
_
-
187,072
-
10,612
10,612
-
-
216,710
216,710
8,316
-
25,072
992,729
639,669
472.101
236.608
1.656,900
2, 053 ,81 0
472,101
755,776
29,848.750
29,194.740
-
-
127,479
66,425
-
-
207,326
171,549
-
-
235,235
243,883
-
-
143,481
178,589
-
-
313,393
257,692
-
-
197,025
198,168
-
-
215,401
205,157
-
-
149,898
224,975
-
-
434,762
338,3%
-
-
78,218
65,939
-
-
75,013
61,759
-
-
57,398
71,689
-
-
3,171
2,586
-
-
49,854
48,244
-
-
1,226,344
1,126,776
-
-
3,081
8,754
-
-
17,525,084
16,506,343
-
-
2,267,893
2,176,537
-
-
190,700
180,500
-
-
409,989
1,975,506
_
-
-
39,083
-
1,038,556
1,038,556
707,827
-
-
140,548
194,528
1,167,188
1,167,188
208,829
2,615,234
-
2,615,234
3.239.416
2.615.234
2.205.744
28.872,271
28,499,150
(2.143,133
(1,449,968
976.479
695.590
-
-
550,000
4,524,236
3,608,730
11,096,881
7,432,629
(1,740.915
(740,000
(11,086,878
(7,505,629
2.783,321
2,868,730
10.003
477.000
640,188
1,418,762
986,482
1,172,590
6,835,420
2,633,656
16,055,851
14,880,276
-
(35,592
2.985
S 7,475,608
S 4.052.418
$17,006,741
516,055,851
7
KODIAK ISLAND BOROUGH
COMBINED STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL -
GENERAL FUND, SPECIAL REVENUE FUNDS AND DEBT SERVICE FUNDS
YEAR ENDED JUNE 30, 1991
Revenues:
Property taxes
Intergovernmental:
State sources
Federal sources
Land sale proceeds
Exxon reimbursement
Licenses, permits, fees and other local
revenues
Investments and property
Total revenues
Expenditures:
Current:
Borough Assembly
Mayor's department
Clerk's department
Legal department
Finance department
Data services
Assessment department
Engineering facilities department
Community development department
Building inspector
Resource management
Switchboard /word processing
Community and Regional Affairs liaison
Economic development
General administration
Emergency preparedness
Education support
Health and sanitation
Culture and recreation
oil Spill Clean Up
Capital outlay:
Service District Maintenance
Debt service:
Principal
Interest
Fiscal agent fees
Other
Total expenditures
Excess (deficiency) of revenues
over expenditures
Other financing sources (uses):
Operating transfers in
Operating transfers out
General Fund
Budget Actual
S 2,843,680 S 2,823,929
2,633,380 2,253,888
3,600 2,063
Variance -
Favorable
(Unfavorable)
S (19,751)
(379,492)
(1,537)
110,130 100,868 (9,262)
370,000 456,381 86,381
5,960,790 5,637,129 (323,661
Budget Actual
S 315,130 S 339,734
Net other financing sources (uses)
Excess (deficiency) of revenues and
other financing sources over expen-
ditures and other financing uses
Fund balance at beginning of year
Adjustment to reserve for fuel inventory
Fund balance at end of year
Special Revenue Funds
20,413,473 18,686,558
2,337,644 2,017,334
211,500 581,519
2,000,000 -
703,416 866,789
490,880 491,810
26,472,043 22,983,744
126,200
127,479
(1,279)
-
204,750
207,326
(2,576)
-
233,960
235,235
(1,275)
-
150,280
143,481
6,799
-
312,930
313,393
(463)
-
234,420
197,025
37,395
-
222,060
215,401
6,659
-
185,010
149,898
35,112
-
413,350
376,662
36,688
58,100
70,000
78,218
(8,218)
-
74,500
75,013
(513)
-
70,140
57,398
12,742
-
7,150
3,171
3,979
-
50,000
49,854
146
-
397,420
368,463
28,957
943,180
57,000
3,081
53,919
-
57,500
43,633
13,867
17,860,100
416,750
411,000
5,750
1,895,279
195,700
190,700
5,000
-
-
-
-
4,573,600
-
-
-
190,550
3,479,120 3,246,431 232.689
2,481,670 2,390,698 (90,972
173,230 173,230 -
(2,940,000 (2,770,325 169,675
(2,766,770 (2.597,095 169,675
S (2� (206,397) S 7 8,703
1,981,147
S1�0
58,100
857,881
17,481,451
1,856,893
409,989
140,548
25,520,809 20,804,862
951,234 2,178,882
3,012,653 2,790,685
(5,939,630 (5,835,638
(2,926,977 (3,044.953
S(1� (866,071)
4,605,628
(35,592
S 3,703,965
The accompanying notes are an integral part of these financial statements.
8
I ;
u
EXHIBIT 3
1
11
1
I[]
(221,968)
103.992
(117,976
S 1,109,672
3,855,000
(1.740.230
2.114.770
S (5�,230
4,524,236
( 1,740,915 )
2,783.321
640,188
6,835,420
S 7.4
669,236
(685
668.551
$1,150,418
7,040,883
(10,619.860
(3.578.977
S(2�O�T3
7,488,151
(10.346.878
(2.858,727
(432,280)
13,422,195
(35,592
$12,954,323
447,268
272.982
720.250
SS 2.3
Debt Service Funds
Totals
(MewrandLA OMY)
Variance -
Variance -
Variance -
Favorable
Favorable
Favorable
(Unfavorable)
Budget
Actual
(Unfavorable)
Budget
Actual
(Unfavorable)
S 24,604
S -
S -
f -
5 3,158,810
$ 3,163,663
f 4,853
(1,726,915)
-
-
-
23,046,853
20,940,446
(2,106,407)
(320,310)
-
-
-
2,341,244
2,019,397
(321,847)
370,019
-
-
-
211,500
581,519
370,019
(2,000,000)
-
-
-
2,000,000
-
(2,000,000)
163,373
-
-
-
813,546
%7,657
154,111
930
375,000
472.101
97,101
1.235.880
1.420.292
184.412
(3,488.299
375.000
472.101
97,101
32.807.833
29.092.974
53,714.859
_
-
-
-
126,200
127,479
(1,279)
_
-
-
204,750
207,326
(2,576)
_
-
-
-
233,960
235,235
(1,275)
-
-
-
-
150,280
143,481
6,799
_
-
-
-
312,930
313,393
(463)
_
-
-
-
234,420
197,025
37,395
-
-
-
-
222,060
215,401
6,659
-
-
185,010
149,898
35,112
_
-
-
-
471,450
434,762
36,688
_
-
-
-
70,000
78,218
(8,218)
_
-
-
-
74,500
75,013
(513)
.
_
-
-
70,140
57,398
12,742
_
-
-
-
7,150
3,171
3,979
_
_
-
50,000
49,854
146
85,299
-
-
-
1,340,600
1,226,344
114,256
-
-
-
-
57,000
3,081
53,919
378,649
-
-
-
17,917,600
17,525,084
392,516
38
-
-
-
2,312,029
2,267,893
44,136
-
-
-
195,700
190,700
5,000
4,163,611
-
-
-
4,573,600
409,989
4,163,611
50,002
-
-
-
190,550
140,548
50,002
-
1,595,840
1,595,833
7
1,595,840
1,595,833
7
-
1,093,000
947,381
145,619
1,093,000
947,381
145,619
-
100,000
71,974
28,026
100,000
71,974
28,026
-
211.160
46
211.114
211.160
46
211.114
4.715.947
3,000.000
2.615,234
384.766
31.999.929
26.666,527
5.333.402
1,227.648
(2.625.000
(2.143,133
481.867
807.904
2,426,447
1.618.543
(221,968)
103.992
(117,976
S 1,109,672
3,855,000
(1.740.230
2.114.770
S (5�,230
4,524,236
( 1,740,915 )
2,783.321
640,188
6,835,420
S 7.4
669,236
(685
668.551
$1,150,418
7,040,883
(10,619.860
(3.578.977
S(2�O�T3
7,488,151
(10.346.878
(2.858,727
(432,280)
13,422,195
(35,592
$12,954,323
447,268
272.982
720.250
SS 2.3
EXHIBIT 4
KODIAK ISLAND BOROUGH
PROPRIETARY FUND TYPE - ENTERPRISE FUNDS '
t
COMBINED STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND
CHANGES IN RETAINED EARNINGS '
4
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
1991 1990
Revenues:
Water sales $ 208,129 $ 191,450
Sewer service charges 265,031 234,935
Refuse collection 1,199,782 945,714
Sanitary services user fees 265,624 227,933
Patient revenues 6,420,280 5,945,858
Installation charges 6,365 7,117
Other 159,813 139,302
Total revenues 8,525,024 7,692,309
Operating expenses:
Personnel services
334,234
221,966
.
Waste collection
1,005,841
887,439
t
Purchased water and sewer treatment
Contracted services
355,196
15,763
297,243
23,465
'
Repairs and maintenance
97,078
54,152
Depreciation
723,576
696,787
Installation costs
67,680
-
Professional care of patients
3,374,139
3,379,435
,
Dietary
458,360
-
Plant operations and household
718,356
618,580
General administrative
2,875,270
2,592,648
Other
691,389
450,020
Total operating expenses
10,716,882
9,221,735
Operating loss
(2,191,858
(1,529,426
Other income:
Interest income
240,892
329,737
Other, primarily State of Alaska revenue sharing
134,460
93,335
Loss on disposal of equipment
(938)
-
Donor restricted gifts
93,249
-
467,663
423,072
i
Loss before operating transfers
(1,724,195)
(1,106
,
Operating transfers in (out)
(10,000
73,000
Net loss
(1,734,195)
(1,033,354)
Amortization of contribution in aid of construction
383,040
383,040
,
Decrease in retained earnings
(1,351,155)
(650,314)
Retained earnings at beginning of year
4,876,895
5,527,209
'
Retained earnings at end of year
S 3,525,740
$ 4,876,895
The accompanying notes are an integral part of
these financial
statements.
10 1
' KODIAK ISLAND BOROUGH
PROPRIETARY FUND TYPE - ENTERPRISE FUNDS
COMBINED STATEMENT OF CASH FLOWS
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
EXHIBIT 5
'
Operating loss
1991
S(2,191,858
1990
S(1,529,426
Adjustments to reconcile operating loss
to net cash provided by operating activities:
Depreciation
723,576
696,787
'
Change in provision for uncollectible accounts
356,000
(82,718)
Changes in assets and liabilities:
Accounts receivable -
Customers and patients
(809,056)
383,911
City of Kodiak
48,394
103,749
'
Third party patient payors
(47,644)
(21,394)
Prepaid expenses
(13,751)
86,244
Inventories at cost
22,584
(22,619)
Accounts payable
70,167
211,351
Due to other funds
-
(10,525)
Customer deposits
19,743
2,786
Accrued compensation
(5 763)
(966)
Other accrued liabilities
708.851
638
'
Total adjustments
1,019,101
1,347,244
Net cash used for operating activities
(1,172,757
(182,182
Cash flows from noncapital financing activities:
State of Alaska, Revenue Sharing payments received
159,460
109,460
Operating transfers (out to) in from other funds
(10,000
73,000
Net cash provided by noncapital
financing activities
149,460
182,460
Cash flows from capital and related financing activities:
Acquisition and construction of capital assets
(146,142)
(274,423)
Net repayments on interfund capital - related expenditures
-
(6,055)
Receipt of gifts restricted by donor for capital purchases
93,249
11,616
'
Proceeds from sale of equipment
35,187
Principal payments made on capital lease
(12,485)
Deposit made on capital lease
(67,976
-
Net cash used for capital and related financing
'
activities
(133,354
(233,675
Cash flows from investing activities:
Change in assets whose use is limited:
'
By Borough
109,190
(128,909)
Under malpractice funding arrangements
(257,990)
-
By donor for specific purpose
(73,376)
-
Interest and dividends paid on investments
240,129
323,259
'
Net cash provided by investing activities
17,953
194,350
Net change in cash and cash equivalents
(1,138,698)
(39,047)
'
Cash and cash equivalents at beginning of year
3,236,758
3,275,805
Cash and cash equivalents at end of year
S 2,098,060
S 3,236,758
The accompanying notes are an integral part
of these financial
statements.
'
11
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
June 30, 1991
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. Scope and Presentation of Financial Statements
The Kodiak Island Borough (Borough) was organized to perform the municipal duties
allowed by Alaska Statutes and as directed by its residents. The accompanying
financial statements include all funds, account groups, agencies and organizations over
which the Borough exercises oversight responsibility. Oversight responsibility is
derived from the Borough's power and includes, but is not limited to (a) financial
interdependency, (b) selection of governing authority, (c) ability to significantly
influence operations and (d) accountability for fiscal matters. The Borough reviewed
' its relationship with other organizations and determined that it exercised oversight
responsibility over the following two organizations.
Kodiak Island Borough School District: The Borough has delegated the operating
responsibility for public education to the Kodiak Island Borough School District
(School District). In accordance with statutes, the Borough retains ownership of the
educationally related fixed assets and incurs the debt, if necessary, to finance the
acquisition and construction of school facilities. The Borough Assembly approves the
total annual budget of the School District and may, during the year, increase or
decrease the total appropriation. The Borough levies and collects taxes for the School
1 District. The various funds and the General Fixed Asset Account Group of the School
District have been combined with similar fund types and account groups of the Borough.
Kodiak Island Borough Hospital and Care Center: The Borough owns the Kodiak Island
Borough Hospital and Care Center (Hospital) and related furnishings. The Borough has
contracted the Hospital's operating activities to the Lutheran Health Systems
' Management Company. 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 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 financial position and operating results of the Hospital are
included in these combined financial statements as an Enterprise Fund.
' Fiscal Year Ends
' The Borough has a June 30 year end. The School District, as required by State Statute,
also has a June 30 year end. The Hospital has a December 31 year end and the
accompanying financial statements include the financial position for the Hospital as
of December 31, 1990, and the results of operations and cash flows for the year then
' ended.
Presentation
' The combined financial statements provide a summary overview of the financial position
of all funds and account groups and of the operating results of all funds. These
combined statements have been prepared from the detailed statements included in the
13
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS ,
June 30, 1991
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
A. Scope and Presentation of Financial Statements (Continued):
combining and individual fund and account group statements and schedules included in
this report.
Total columns on the combined statements are captioned "memorandum only" to indicate
that they are presented only to facilitate financial analysis. Data in these columns
do not present financial position, results of operations, or changes in financial
position in conformity with generally accepted accounting principles. Nor are such
data comparable to a consolidation. Interfund eliminations have not been made in the
aggregation of these data.
The accounting policies of the Borough conform to generally accepted accounting
principles.
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 major capital projects) that are legally
restricted to expenditures for specific purposes.
Debt Service Funds - 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 of equipment and acquisition or construction of
major capital facilities. ,
14 1
1
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
June 30, 1991
NOTE 1 - SUKKARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
A. Scope and Presentation of Financial Statements (Continued):
PROPRIETARY FUND TYPE
Enterprise Funds - Enterprise Funds are 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.
Enterprise Funds are 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 Enterprise Fund operating statement presents
increases (revenues) and decreases (expenses) in net total assets.
Depreciation of all exhaustible fixed assets used by the Enterprise Funds is charged
as an expense against their operations on a straight -line basis over the following
estimated useful lives:
Utility plant 50 years
Hospital - building and fixed equipment 28 -33 years
Major movable equipment 5 -10 years
Contributions in aid of construction for the Water, Sewer and Sanitary Services
Enterprise Funds are amortized over the estimated useful lives of the assets acquired
using the straight -line method.
FIDUCIARY FUND TYPE
Agency Funds - To account for assets held by the Borough as an agent for individuals
and other entities. These funds are custodial in nature (assets equal liabilities) and
do not involve measurement of results of operations.
1s
NOTES TO A- STAT
June 30. 1991
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
A. Scope and Presentation of Financial Statements (Continued):
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)
are 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 recorded as expenditures of the various Borough funds at the time of
purchase and are subsequently capitalized in the General Fixed Assets Account Group.
Such assets include land, buildings, equipment, furniture and other related assets.
Public domain (infrastructure) general fixed assets consisting of certain improvements
other than buildings, including roads, bridges, curbs and gutters, streets and
sidewalks, drainage 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.
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 Governmental 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 I
liabilities in the General Long -Term Debt Account Group.
16 1
' KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
June 30, 1991
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont
B. 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.
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.
Prepayment of insurance and similar services extending over more than one year is
allocated to the years benefited.
' Pursuant to this basis of accounting, material revenues which are both measurable 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 based 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 then mailed on or before July 1st.
' Taxes are due when billed and generally become delinquent on or after October 15th.
The Borough code also provides for split payments. If a taxpayer avails himself of
' this provision then one half must be paid on or before August 15th and the second half
then becomes due on or before November 15th (in lieu of October 15th). Borough
property tax revenues are recognized in the fiscal year for which they are levied and
in which they become measurable and available.
' All taxes are delinquent on and after November 16th and a tax foreclosure process
commences as outlined in Alaska Statutes Title 29. Briefly this entails the petition
' for Judgment of Foreclosure signed by the District Court Judge and the publication of
all delinquent taxes in the local newspaper for four consecutive weeks.
' When copies of these actions are filed with the courts, delinquent properties have been
effectively liened upon (generally in November).
1 17
i
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS ,
June 30, 1991
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
B. Basis of Accounting (Continued):
Intergovernmental Revenue
State of Alaska shared revenues, State of Alaska municipal assistance 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 if final payments due are received within
approximately two to three months after year end.
State of Alaska and Federal government cost reimbursable grants and contracts
(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 the balance due.
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 (Enterprise Fund) is accounted for using the accrual basis
of accounting, wherein, revenues are recognized when earned and expenses are recognized
when incurred.
The Fiduciary Fund Type (Agency Fund) is accounted for using the modified accrual basis
of accounting similar to that utilized by Governmental Fund Types.
C. Budgets and Budgetary Accounting
Borough
The Borough follows these procedures in establishing the budgetary data reflected in
the combined financial statements:
1. The Mayor must submit to the Borough Assembly by April 30 a proposed W
operating budget for the fiscal year commencing the following July 1. The
operating budget includes proposed expenditures and the means of financing
them.
2. Public hearings are conducted by the Borough Assembly to obtain taxpayer I
comments.
is I
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
June 30, 1991
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
C. Budgets and Budgetary Accounting (Continued):
3. By June 10, the budget is legally enacted through passage of an ordinance by
Borough Assembly action. If the Borough Assembly fails to pass an ordinance,
the budget submitted by the Mayor becomes the adopted budget.
4. Amendments to the budget can occur anytime during the fiscal year through the
Borough Assembly or administrative action. Generally, the following actions
are required at the level of the particular change:
(a) All new appropriations are authorized by an appropriation ordinance
that amends the annual budget ordinance.
(b) A resolution of the Borough Assembly is required to move (appropriate)
amounts between departments and projects.
(c) The administration is authorized and directed by the Borough Assembly
to effect the necessary line item changes within the limits established
by Items (1) and (2) above by project or department to properly
monitor, account, and report receipts and expenditures.
5. Expenditures may not legally exceed appropriations at the following levels:
General Fund - department level; Capital Projects Funds - project level; all
other funds - fund level.
6. All funds, except Capital Projects Funds and the Oil Spill Clean Up Fund are
budgeted on an annual basis encompassing a fiscal year. Budgets of Capital
Project Funds and the Oil Spill Clean Up Fund generally encompass the period
from start up to project completion, which is generally greater than one
year.
7. Appropriations lapse at year end to the extent that they have not been
' expended for all funds except Capital Projects Funds and the Oil Spill Clean
Up Fund, which lapse at project completion.
n
1 19
KODIAK ISLAND BOROUGH ,
NOTES TO FINANCIAL STATEMENTS
June 30. 1991 '
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) '
C. Budgets and Budgetary Accounting (Continued):
8. Budgets adopted by the Borough Assembly are in accordance with generally '
accepted accounting principles.
9. Additional appropriations of $495,000 for the General Fund, $12,000 for
Alaska Coastal Management Grants, $300,000 for the Land Sales Fund,
$1,755,230 for Debt Service, $1,967,530 for Borough Various Projects,
$500,000 for School Bond Improvements and $423,770 for State Capital Grants
and $700,000 for Major Maintenance were enacted during the year.
Reductions in appropriations of $647,333 for the Mental Health Center were
enacted during fiscal year 1991.
School District
Annual budgets are adopted by the School Board for all revenues, expenditures and
interfund transfers. Budgets are prepared and presented on the modified accrual basis
of accounting. Pursuant to Alaska Statutes, the adopted budget is submitted to the
Borough Assembly for review and approval. The Borough Assembly is required to approve
the School District budget in total only and, by ordinance, appropriate the necessary
resources no later than April 30 of the current fiscal year.
The School Board retains line item authority once the annual local appropriation is set
by the Borough Assembly. In the year ended June 30, 1991, there were three formal
budget revisions to adjust the revenues and expenditures to available resources and
program needs.
Hospital
Hospital operations are not legally required to be budgeted.
D. Assets, Liabilities and Fund Equity
INTERFUND TRANSACTIONS
Transactions that would be treated as revenues, expenditures or expenses if they
involved organizations external to the Borough are similarly treated if they occur
between the fund types. Reimbursements from one fund to another are treated as
expenditures or expenses of the reimbursing fund and a reduction of the expenditures
or expenses of the reimbursed fund. Transfers from funds receiving revenues to funds
through which the resources are to be expended, and operating loss subsidies are
classified as operating transfers. Nonrecurring or nonroutine transfers of equity
between funds are recorded as equity transfers.
20
KODIAK ISLAND BOROUGH
pomat e m omm"m
June 30, 1991
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
D. Assets, Liabilities and Fund Equity (Continued):
ENCUMBRANCES
Encumbrance accounting, under which purchase orders, contracts and other commitments
for the expenditure of monies 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.
INVENTORIES
Borough
Expendable operating supplies of the Borough are accounted for using the purchase
method and, at June 30, 1991, there were no significant amounts of such items.
School District
Expendable operating supplies of the School District, consisting primarily of teaching,
maintenance and food supplies, are accounted for using the consumption method. These
inventories are valued at cost, except USDA food inventory (acquired at nominal price)
which is recorded at replacement cost. Fuel inventory is accounted for using the
purchase method and is recorded at cost, with cost determined on a first -in, first -out
(FIFO) basis.
Hospital
Inventories are stated at the lower of cost or market, with cost determined
substantially on a FIFO basis.
RETIREMENT PLANS
All full -time employees of the Borough and School District participate in either the
Alaska Public Employees' Retirement System (PERS) or the Alaska Teachers' Retirement
System (TRS). The Borough and School District accrue pension expense which includes
current costs and amortization of prior service costs. The policy is to fund pension
costs accrued.
ANNUAL LEAVE
The Borough (excluding the School District) records its liability for accrued annual
leave in the Governmental Fund Types for the amounts estimated to be liquidated with
current available resources.
21
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
June 30, 1991
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
D. Assets, Liabilities and Fund Equity (continued):
The commitment for accrued annual leave not included in the Governmental Fund Types is
recorded in the General Long -Term Debt Account Group. Cash sufficient to pay the
long -term debt is deposited in a Debt Service Fund.
Enterprise Funds and the School District record leave (including sick leave) as earned.
E. Cash Flows
All highly liquid investments (including restricted assets) with original maturities
of three months or less are considered cash equivalents for purposes of the statement
of cash flows.
Reclassification
Certain 1990 balances have been reclassified to conform to the current year
presentation.
NOTE 2 - CASH AND TEMPORARY INVESTMENTS
Cash balances of most Borough funds are pooled in a central treasury. Each fund type's
portion of this pool is displayed on the combined balance sheet as "Equity in central
treasury ". In addition, investments are separately held by several of the Borough's
funds. Investments, other than the investment in the deferred compensation plan which
is carried at market value, are carried at cost.
Deposits
At June 30, 1991, the carrying amount of the Borough's deposits was $2,112,124 and the
bank balance was $2,731,262. The insured and collateral status of the year end bank
balance was as follows:
Status Amount
Covered by federal depository insurance or by collateral
held by the Borough's agent in the Borough's name $2,353,945
Uninsured and uncollateralized 377.317
Total deposits
$2.7_ 3
22
1
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
June 30. 1991
Investments
NOTE 2 - CASH AND TEMPORARY INVESTMENTS (Continued)
Statutes authorize the Borough to invest in obligations of the United States, the State
of Alaska and its political subdivisions, savings accounts, certificates of deposit,
banker's acceptances, repurchase agreements and such other legal security instruments.
The Borough Code requires all investments to be collateralized and /or insured.
Collateral pledged on investments is required to be held for the Borough by a third
party bank.
In accordance with Governmental Accounting Standards Board Statement No. 3 (GASB 3)
investments are categorized as follows: Category 1 includes investments that are
insured, or registered or for which the securities are held by the Borough or its agent
in the Borough's name. Category 2 includes uninsured and unregistered investments for
which the securities are held by the counterparty's trust department or agent in the
Borough's name. Category 3 includes uninsured and unregistered investments for which
the securities are held by the counterparty, or by its trust department or agent but
not in the Borough's name.
Repurchase agreements
U.S. Government Securities
Investments held by fiscal agent
for debt service
ICMA - Deferred Compensation Plan
Hospital's Mutual Fund
Money Market Account
Total Investments
Cateaory
1 2 3
f - S 5,000,000
10, 072, 248 -
110.284
$10 S 5.110.284
$2,000,000
$2.000.000
Carrying
Market
Amount
Value
S 7,000,000
S 7,328,913
10,072,248
10,240,760
110.284
119.863
17,182,532
17,689,536
710,336
710,336
1,122,636
1,122,636
400.822
400.822
$19.416.326 S19�330
The above deposits of $2,112,124 and investments of $19,416,326 totalling $21,528,450,
are reported under the following captions in the combined financial statements:
Equity in central treasury $ 1,605,644
Temporary investments 16,314,695
Other cash and cash equivalents 1,374,086
' Investment in deferred compensation plan 710,336
Assets whose use is limited:
By Borough 658,377
Under malpractice funding arrangement held by trustee 257,990
By donor for purchase of equipment 73,376
Equity in central treasury 33,946
Temporary investments 500.000
Total deposits and investments $21.528.450
1 23
1
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
June 30. 1991
NOTE 3 - ANNUAL APPROPRIATION TO THE SCHOOL DISTRICT
An annual appropriation is made to the School District in order to provide the School
District with total resources in a fiscal year equal in amount to budgeted
expenditures.
In addition to the annual appropriation, the Borough provides the School District,
without charge, general liability and property insurance and the annual independent
audit.
NOTE 4 - HOSPITAL APPROPRIATION
By terms of the operating agreement with the Lutheran Health Systems Management
Company, 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 $134,460,
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.
NOTE 5 - RETIREMENT COMMITMENTS
As of June 30, 1991, substantially all employees of the Borough and School District
participate in either the Alaska Public Employees' Retirement System (PERS, an agent
multiple - employer PERS) or the Alaska Teachers' Retirement System (TRS, a cost - sharing,
multiple - employer PERS. Borough personnel and School District classified personnel
(except those working less than fifteen hours per week) participate in PERS. School
District certificated personnel participate in TRS. Both systems are statewide defined
benefit retirement plans, administered by the State of Alaska.
Plan Descriptions and Provisions
Public Employees' Retirement System (PERS
Employees hired prior to July 1, 1986 with five or more years of credited service are
entitled to annual pension benefits beginning at normal retirement age 55 or early
retirement age 50. For employees hired after June 30, 1986, the normal and early
retirement ages are 60 and 55, respectively. The normal pension benefit is equal to
28 of the member's three highest average monthly compensation for the first ten years
of service, 2 -1/48 for the second ten years of service and 2 -1/28 for the third ten
years of service. All service earned prior to July 1, 1986 will be calculated using
the 28 multiplier. Employees with 30 or more years of credited service may retire at
any age and receive a normal benefit. The system also provides death and disability
benefits and major medical benefits.
Under State law, covered employees are required to contribute 6.758 of their annual
salary to the System and the Borough contributes the amount actuarially required in
addition to employee contributions to finance the benefits of the system.
24
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
f
June 30, 1991
NOTE 5 - RETIREMENT COMMITMENTS (Continued)
Plan Descriptions and Provisions (Continued)
Teachers' Retirement System (TRS)
The Teachers' Retirement System of Alaska is a joint contributory retirement system to
provide benefits for teachers of the State of Alaska. All the School District's
certificated employees are participants in TRS. Membership in TRS is compulsory for
each certificated elementary or secondary teacher or other certificated personnel who
are employed on a full -time or part -time basis in positions that require teaching
certificates as a condition of employment.
Employees with fifteen years or more of credited service are entitled to pension
benefits beginning at normal retirement age (55) equal to 28 of their highest
three -year average monthly compensation for each year of service. The Plan permits
early retirement at age 50. Employees may elect to receive their pension benefits in
the form of a joint or survivor annuity. Effective January 1, 1987, a married member
who retires must receive his benefit in the form of a joint and survivor annuity unless
the member's spouse consents to another form of benefit. Minimum benefits for
employees eligible for retirement are $25 per month for each year of credited service.
1 In addition, major medical benefits are provided. TRS also provides death and
disability benefits.
1 Under State law, covered employees are required to contribute 78 of their base salary
earned from July 1, 1990 to December 31, 1990 and 8.658 of their base salary earned
from January 1, 1991 to June 30, 1991. The School District is required to contribute
1 the amount actuarially needed in addition to member contributions to finance the
benefits of the System.
Fun ding Status and Progress
The pension benefit obligation is a standardized disclosure measure of the present
value of pension benefits, adjusted for the effects of projected salary increases and
step -rate benefits, estimated to be payable in the future as a result of employee
service to date. The measure is intended to help users assess the funding status of
the System on a going- concern basis, assess progress made in accumulating sufficient
' assets to pay benefits when due, and make comparisons among employers. The measure is
the actuarial present value of credited projected benefits and is independent of the
funding method used to determine contributions to the System.
1 The pension benefit obligation was computed as part of an actuarial valuation as of
June 30, 1990 (latest available). Significant actuarial assumptions used in the
valuation include (a) a rate of return on the investment of present and future assets
' of 9 percent per year compounded annually, (b) projected salary increases of 6.5
percent a year for the first five years of employment and 5.5 percent per year
thereafter and (c) health cost inflation of 9 percent per year.
1 25
June 30, 1991
NOTE 5 - RETIREMENT COMMITMENTS (Continued)
Funding Status and Progress (Continued)
The pension benefit obligation of PERS and TRS as calculated in the most recent
actuarial valuation is as follows ($ in thousands):
PERS TRS (1)
School All
Borou District Employers
Pension benefit obligation:
Retirees and beneficiaries currently receiving
benefits and terminated employees not yet
receiving benefits $1,941 $3,341 $ 940,475
Current employees:
Accumulated employee contributions including
allocated investment earnings
546
835
269,491
Employer- financed vested
1,182
2,599
587,835
Employer- financed nonvested
219
692
97.229
TOTAL PENSION BENEFIT OBLIGATION
3,888
7,467
1,895,030
Net assets available for benefits, valued on a
three year average ratio between market and
book values of the System's assets except that
fixed income investments are valued at book
value
4.227
8.751
1.662.242
ASSETS IN EXCESS OF (UNFUNDED)
PENSION BENEFIT OBLIGATION
339
$1,284
$ (2��8
(1) The TRS system does not make separate
measurements
of assets
and pension
benefit obligation for individual employers. Amounts
for TRS represent the
system as a whole. The School District's
actuarially determined
contribution
was 1.7% of the total current year
actuarially determined
contribution
requirements for all employers.
Actuarially Determined Contribution Requirements and Contributions Bade
The funding policy provides for actuarially determined periodic contributions at rates
that fund each participant's benefits under the plan as they accrue. The contribution
rate for normal cost is determined using the projected unit credit actuarial funding
method. The unfunded accrued benefit liability is amortized over 25 years. Actuarial
funding surpluses are amortized over five years.
The significant actuarial assumptions used to compute the actuarially determined
contribution requirement are the same as those used to compute the pension benefit
obligation.
41
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
1 June 30, 1991
NOTE 5 - RETIREMENT COMMITMENTS (Continued)
Actuarially Determined Contribution Reauirements and Contributi Made (Continued
' The Systems have an actuarial valuation performed annually (as of June 30) which
determines the contribution rates for the year ended two years subsequent to the
valuation date. The contributions to the Systems for fiscal year 1991 were made in
' accordance with actuarially determined requirements computed through an actuarial
valuation performed as of June 30, 1990. The contributions ($ in thousands) consisted
of the following:
PERS
PERS
Borough
School District
TRS
Percent of
Percent of
Percent of
Covered
Covered
Covered
Amount Payroll
Amount Payroll
Amount Payroll
'
Covered payroll- 52,418 100%
52.615 100
58.272 100%
Contributions -
Normal cost -
Total contributions paid S 346 14.30%
1
S 314 11.99%
51,505 18.20%
Amortization of unfunded liability - -
-
34 .41
TOTAL S 346 14.30%
S 314 11.99
$1.539 18.61%
Required contributions-
Employer S 183 7.55%
S 137 5.24%
S 872 10.54%
'
Employee 163 6.75
177 6.75
667 8.07
TOTAL S 346 14.30%
S 314 11.99
i1,539 18.61%
1 In addition to the required TRS contributions
noted above, the School District made
supplemental and arrearage payments of $75,208
during the year.
' Total current year payroll for the Borough and School District
was $2,618,208 and
$11,218,603 respectively.
Valuation of Medical Benefits
Medical benefits for retirees are provided by
the payment of Medicare premiums from
PERS and TRS. In fiscal 1991 the pre -65 cost of $319 and post -65
cost of $122 (due to
Medicare) were assumed such that the total blended rate for all retirees of $244 equals
the present premium rate. These medical premiums are then increased with the health
inflation assumption. The actuarial cost method used for funding
retirement benefits
is also used to fund health benefits.
1 27
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
June 30. 1991
NOTE 5 - RETIREMENT COMMITMENTS (Continued
Historical Trend Information
Trend information gives an indication of the progress made in accumulating sufficient
assets to pay benefits when due. The pension benefit obligation has not been
determined by the actuary for years prior to June 30, 1987. As a result, only
information at June 30, 1990, 1989, 1988, and 1987 is available regarding the following
trend indicators, ($ in thousands):
28
PERS
School
Borou¢h
District
Net asset available for benefits:
1987
$2,222
$5,685
1988
2,896
7,111
1989
3,468
7,794
1990
4,227
8,751
Pension benefit obligation (PBO):
1987
$1,929
$5,085
1988
2,680
6,477
1989
3,328
7,331
1990
3,888
7,467
Net assets available for benefits
as a percentage of PBO:
1987
115%
112%
1988
108
110
1989
104
106
1990
109
117
Assets in excess of PBO:
1987
$ 294
$ 600
1988
216
634
1989
140
463
1990
339
1,284
Annual covered payroll:
1987
$1,830
$2,473
1988
2,131
2,526
1989
2,373
2,562
1990
2,418
2,615
28
1
1
1
1
1
1
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
June 30, 1991
NOTE 5 - RETIREMENT COMMITMENTS (Continued)
Historical Trend Information (Continued)
PERS
School
Borou District
Assets in excess of PBO expressed as
percentage of annual covered payroll
Contribution rates:
Employee
Employer
1987
16.07%
24.26%
1988
10.14
25.10
1989
5.90
16.20
1990
14.02
49.10
1987
6.75%
6.758
1988
6.75
6.75
1989
6.75
6.75
1990
6.75
6.75
1991
6.75
6.75
1987
4.278
7.298
1988
9.20
6.24
1989
9.20
6.24
1990
5.34
4.27
1991
7.55
5.24
29
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
June 30, 1991
NOTE 6 - FIXED ASSETS
A summary of changes in the General Fixed Assets Account Group for the year ended
June 30, 1991 follows:
The following is a summary of Enterprise Fund fixed assets at June 30, 1991:
Unclassified utility plant in service $17,874,572
Hospital building and fixed equipment 4,219,590
Major movable equipment 2,076,074
Land 40.276
24,210,512
Less: accumulated depreciation (4.847.882
19,362,630
Construction work in progress 32.395
Net Fixed Assets $19.395.025
NOTE 7 - DEMAND BONDS
Lone -Term Debt
Included in long -term debt is $5,000,000 of general obligation demand bonds maturing
serially through June 1, 1996 backed by the full faith, credit, and taxing power of the
Borough. The bonds were issued pursuant to an ordinance adopted by the Borough
Assembly on February 6, 1986. The proceeds of the bonds were used to (a) provide funds
for certain school improvements and (b) pay costs incurred to issue the bonds. The
redemption schedule for these bonds is included in the bond redemption schedule in
Note 8.
30
Balance at
Balance at
July 1. 1990
Additions
Deductions
June 30, 1991
Land
$ 7,469,315
$ -
$ -
$ 7,469,315
Buildings
64,302,588
488,221
-
64,790,809
Improvements other than
buildings
842,139
-
-
842,139
Machinery and equipment
3,540,096
678,690
(84,233)
4,134,553
Construction work in progress
1.819.351
573.120
(899.359
1.493.112
$77.973.489
$1.7_
$ (983.592
$78.729.928
The following is a summary of Enterprise Fund fixed assets at June 30, 1991:
Unclassified utility plant in service $17,874,572
Hospital building and fixed equipment 4,219,590
Major movable equipment 2,076,074
Land 40.276
24,210,512
Less: accumulated depreciation (4.847.882
19,362,630
Construction work in progress 32.395
Net Fixed Assets $19.395.025
NOTE 7 - DEMAND BONDS
Lone -Term Debt
Included in long -term debt is $5,000,000 of general obligation demand bonds maturing
serially through June 1, 1996 backed by the full faith, credit, and taxing power of the
Borough. The bonds were issued pursuant to an ordinance adopted by the Borough
Assembly on February 6, 1986. The proceeds of the bonds were used to (a) provide funds
for certain school improvements and (b) pay costs incurred to issue the bonds. The
redemption schedule for these bonds is included in the bond redemption schedule in
Note 8.
30
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
June 30, 1991
NOTE 7 - DEMAND BONDS (Continued)
Long -Term Debt (Continued)
The bonds are subject to purchase on the demand of the holder at a price equal to
principal plus accrued interest on seven days' notice and delivery to the Borough's
remarketing agent, John Nuveen and Co. The remarketing agent is authorized to use its
best efforts to sell the repurchased bonds at a price of not less than the principal
amount plus accrued interest.
Under an irrevocable letter of credit issued by Barclays Bank PLC, the trustee is
entitled to draw an amount sufficient to pay the purchase price of bonds delivered to
it. The letter of credit is valid through August 29, 1991, the date the bonds were
refunded (see Note 8) and carries a variable interest rate which increases over time
from the institution's prime lending rate to prime plus 1 -1/2 %.
If the remarketing agent is unable to resell any bonds that are "put" within the notice
period then the Borough has 365 days to repay the bank.
The Borough is required to pay to Barclays Bank PLC an annual commitment fee for the
letter of credit of 3/4 of 1 percent per annum of the outstanding principal amount of
the bonds, plus 65 days of interest at an interest rate of 15 percent. The Borough has
also paid a letter of credit fee of $25,000 to Barclays Bank PLC. In addition, the
remarketing agent receives an annual fee of one - eighth of 1 percent of the outstanding
principal amount of the bonds.
31
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
June 30, 1991
NOTE 8 - LONG -TERN DEBT
The following is a summary of long term debt payable for the year ended June 30, 1991:
Principal
Interest Payments
Issue Maturity
Type of Debt Rates Dates Date Date Dates Amo
Loans Payable:
Enviromental Protection Agency
Asbestos Abatement
General Obligation Serial Bonds:
Schools, Multi - projects
0.0X* - 6/20/85 11/8/05
Variable Quarterly 5/28/86 06/01/96
12/31/91 S 10,417
06/30/92
to 10,417
06/30/04 x 25
12/31/04 10.406
Schools, Refunding
6.6-8% 8/1 -2/1 5/1/89 8/1/2000
8/1/91
281.248
8/1/92
9/1/91
250,000
12/1/91
250,000
3/1/92
250,000
6/1/92
250,000
9/1/92
250,000
12/1/92
250,000
3/1/93
250,000
6/1/93
250,000
9/1/93
250,000
12/1/93
250,000
3/1/94
to
250,000
6/1/96
x 10
Schools, Refunding
6.6-8% 8/1 -2/1 5/1/89 8/1/2000
8/1/91
630,000
8/1/92
680,000
8/1/93
725,000
8/1/94
780,000
8/1/95
835,000
8/1/96
890,000
8/1/97
945,000
8/1/98
1,015,000
8/1/99
1,080,000
8/1/00
1.155.000
8.735.000
$14$14 0y`
* Interest free unless delinquent; then 7% plus fees and penalties.
32
1
1
1
1
1
1
1
1
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
June 30, 1991
Authorized Prior Years Current Year
Balance at Balance at
Year Amount Issued Retired July 1. 1990 Issued Retired Jura 30, 1991
1985 S 375,000 S 375,000 S 72,918 S 302,082 S - S 20,834 S 281,248
1986 9,930,000 9,930,000 3,930,000 6,000,000 - 1,000,000 5,000,000
1989 10,000.000 10.000.000 690.000
$20,305,000 $20.305,000 54,692,918
9.310,000 - 575.000
$15.612.082 S - $1,595,834
8,735.000
$14,0
33
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS ,
June 30. 1991 ,
NOTE 8 - LONG -TERM DEBT (Continued
A summary of long -term debt as of and for
the
ended June 30,
1991 follows:
,
year
Balance at
Balance at
July 1. 1990
Additions
Deductions
June 30. 1991
General obligation bonds
$15,310,000
$ -
$1,575,000
$13,735,000
EPA loan payable
302,082
-
20,834
281,248
Accrued annual leave
151.676
16.202
-
167.878
$15.763.758
$16,202
$1.5_
$14.184.126
The annual requirements to amortize all general obligation debt and the EPA loan
payable outstanding as of June 30, 1991, including interest payments of $4,680,044 on
the general obligation debt, are as follows:
June 30,
1992 2,620,819
1993 2,542,939
1994 2,463,059
1995 2,389,847
1996 2,312,976
1997 1,262,032
1998 1,256,511
1999 1,261,779
2000 1,256,744
2001 1,256,684
2002 -2005 72.902
$18.696.292
The amount of $7,475,608 is available in the Debt Service Funds to service all general
obligation bonds.
There are a number of limitations and restrictions contained in the various bond
indentures. The Borough is in compliance with all significant limitations and
restrictions.
Refunding Bonds
During 1974, the Borough defeased existing school 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
34
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
June 30, 1991
NOTE 8 - LONG -TERM DEBT (Continued)
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. At June 30, 1991 the Security
Pacific Bank at Seattle held investments in trust sufficient to pay the outstanding
principal plus accrued interest on the general obligation school bonds, Series 1980.
In 1989 the Borough sold $10,000,000 general obligation bonds to advance refund general
obligation bonds totalling $9,495,000. The proceeds of the refunding issue were placed
in a special escrow account and have been invested in securities of the U.S. Government
and its. agencies. The maturities of these investments coincide with the principal and
interest payment dates of the refunded bonds and are sufficient to pay all principal
and interest on the bonds when due as required by applicable laws. Accordingly, the
refunded bonds have been eliminated from the long -term debt and the advance refunding
bonds added.
Demand Bond Refunding - Subsequent to June 30, 1991
On August 29, 1991 Kodiak Island Borough issued $4,875,000 in General Obligation School
Refunding bonds, 1991 Series A, to refund the 1986 Series A General Obligation Variable
Rate Demand Bonds. The interest rate on the bonds will vary from 4.65% to 5.908 and
will be paid in semi - annual installments commencing December 1, 1991 with the last
installment due June 1, 1996.
Proceeds from the issuance were used as follows:
Deposit to principal and interest fund to pay
off refunded issue
Costs of issuance
Original issue discount
' Total
I NOTE 9 - CAPITAL PROJECTS FUNDS CONSTRUCTION COMMITMENTS
$4,738,047
126,938
10.015
$4.875.000
A summary of Capital Projects Funds construction commitments at June 30, 1991 follows:
' Various Borough Projects
State Capital Grants Fund
$657,793
51.650
09 443
1 35
KODIAK ISLAND BOROUGH
June 30. 1991
Resources are presently available or committed to finance construction commitments at
June 30, 1991 for all funds except the School Bond Improvements Fund. The additional
resources required in this fund will be available during fiscal year 1992.
NOTE 10 - ENTERPRISE FUNDS SEGMENT INFORMATION
The Borough owns and operates a Water and Sewer Utility Fund and a Sanitary Services
Fund. The Kodiak Island Borough Hospital and Care Center is included in the Borough's
financial statements as a component unit. Segment financial data as of and for the
year ended June 30, 1991 for the Sanitary Services, Water and Sewer Utilities and as
of and for the year ended December 31, 1990 for the Hospital are as follows:
NOTE 11 - DEFERRED COMPENSATION PIAN
The Kodiak Island Borough has a deferred compensation plan created in accordance with
Internal Revenue Code Section 457. The plan is available to all permanent Borough
employees. The deferred compensation is not available to employees until termination,
retirement, death or unforeseeable emergency.
All amounts of compensation deferred under the plan, all property and rights purchased
with those amounts, and all income attributable to those amounts, property or rights
are (until paid or made available to the employee or other beneficiary) solely the
property and the right of the Borough (without being restricted to the provisions of
benefits under the plan), subject only to the claims of the Borough's general
creditors. Participants' rights under the plan are equal to those of general creditors
of the Borough in an amount equal to the fair market value of the deferred account for
each participant.
The funds are managed by the International City Managers Association Retirement
Corporation. The Borough has no liability for losses under the plan but does have the
duty of due care that would be required of an ordinary prudent investor. The Borough
believes that it is unlikely that it will use the assets to satisfy the claims of
general creditors in the future.
36
Sanitary
Water
Sewer
Services
Utility
Utility
Hospital
Total
Operating revenues
$1,474,319
S 225,240
S 267,984
S 6,557,481
S 8,525,024
Depreciation
77,923
109,653
196,612
339,388
723,576
Operating loss
(54,968)
(183,366)
(177,001)
(1,776,523)
(2,191,858)
Operating grants entitlements
-
-
-
134,460
134,460
Operating transfers out
(10,000)
-
-
-
(10,000)
Net loss
(65,081)
(150,968)
(160,139)
(1,358,007)
(1,734,195)
Contributions in aid of construction:
Amortization
76,805
109,645
196,590
-
383,040
Property, plant and equipment additions
-
-
-
287,459
287,459
Net working capital
17,983
209,130
77,439
1,848,446
2,152,998
Total assets
2,404,606
5,537,573
9,166,542
7,533,872
24,642,593
Total equity
2,311,644
5,416,932
9,145,557
6,167,879
23,042,012
NOTE 11 - DEFERRED COMPENSATION PIAN
The Kodiak Island Borough has a deferred compensation plan created in accordance with
Internal Revenue Code Section 457. The plan is available to all permanent Borough
employees. The deferred compensation is not available to employees until termination,
retirement, death or unforeseeable emergency.
All amounts of compensation deferred under the plan, all property and rights purchased
with those amounts, and all income attributable to those amounts, property or rights
are (until paid or made available to the employee or other beneficiary) solely the
property and the right of the Borough (without being restricted to the provisions of
benefits under the plan), subject only to the claims of the Borough's general
creditors. Participants' rights under the plan are equal to those of general creditors
of the Borough in an amount equal to the fair market value of the deferred account for
each participant.
The funds are managed by the International City Managers Association Retirement
Corporation. The Borough has no liability for losses under the plan but does have the
duty of due care that would be required of an ordinary prudent investor. The Borough
believes that it is unlikely that it will use the assets to satisfy the claims of
general creditors in the future.
36
KODIAK ISLAND BOROUGH
' NOTES TO FINANCIAL STATEMENTS
June 30. 1991
NOTE 12 - MALPRACTICE INSURANCE AND RELATED LITIGATION
' As of January 1, 1990, the Hospital has self- insured itself for medical malpractice
claims up to a maximum of $500,000 per occurrence and $1,000,000 in aggregate. In
' addition, the Hospital has purchased stop loss insurance for claims up to $3,000,000
per occurrence and $6,000,000 in aggregate. The Hospital is required to deposit money
into a fund, up to $1,000,000, which is held by a trustee. The balance in the fund at
December 31, 1990 is $257,990 and is principally invested in U.S. Government
' obligations and is valued at cost, which approximates market. Prior to January 1, 1990
the Hospital was insured under a claims -made policy. The Hospital has not purchased
tail coverage and therefore, claims based on occurrences prior to January 1, 1990 but
' reported subsequently will be uninsured. In July 1991, subsequent to the Hospital's
December 31, 1990 year end and subsequent to the issuance of other independent
accountant's report relating thereto, the Hospital settled on -going malpractice
litigation which resulted in a liability of approximately $700,000. The financial
statements of December 31, 1990 reported on by other independent accountants have been
adjusted to reflect the settlement. Management is not aware of any other claims
against this fund that need to be accrued.
NOTE 13 - INDIVIDUAL FUND DISCLOSURES
Interfund Receivables and Pa
A summary of interfund receivables and payables at June 30, 1991 is as follows:
Receivable Payable
Special Revenue Funds - Land Sales $ 165,000 $ -
Special Revenue Funds - Mental Health Center 165,000
Special Revenue Funds - Building and Grounds 75,000 -
Special Revenue Funds - Day Care - 20,000
Special Revenue Funds - Coastal Management 40,000
Special Revenue Funds - Hospital Oil Spill - 15,000
Special Revenue Funds - Education 1,995,115 17,670
General Fund - 1,995,115
Capital Projects 152.670
$2.3 -_ $2.2$2.2-
Because the Hospital has a December 31 year end, an interfund payable of $135,000 from
the Hospital Fund to the General Fund is not recorded on the Hospital balance sheet.
Accordingly, the due to other funds and the due from other funds in the combined
financial statements differ by $135,000.
37
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
June 30. 1991
NOTE 13 - INDIVIDUAL FUND DISCLOSURES (Continued)
Fund Deficits
The fund deficit at June 30, 1991 is as follows:
Capital Projects -
State Capital Grants
$27,019
This deficit will be funded in fiscal year 1992 through transfers from other funds.
Interfund Transfers
Interfund operating transfers have been made in accordance with budget ordinances with
the exceptions of the transfer of the funding of long -term annual leave.
Funds are transferred from one fund to support expenditures of other funds in
accordance with the authority established for the individual fund. Transfers between
fund types during the year ended June 30, 1991, were as follows:
Fund Type
Operating transfers:
General Fund
Special Revenue
Debt Service
Capital Projects
Enterprise
Total Operating Transfers
Transfers In
Special Debt Capital
Transfers General Revenue Service Projects
out Fund Funds Funds Funds
S 2,770,325 S - 52,770,000 S 328 S -
5,835,638 73,230 10,000 4,523,908 1,228,500
1,740,915 - 685 - 1,740,230
740,000 100,000 - - 640,000
10.000 - 10.000 - -
$11 0�8�78 $173,230 $2 90 S4 5�� _,6 _
Excess of Expenditures Over Appropriations
General Fund
The following departments' expenditures exceeded their appropriations:
Department
Excess
Borough Assembly
$ 1,279
Borough Mayor
2,576
Clerk's Department
1,275
Finance Department
463
Building Inspector
8,218
Resource Management
513
$ 14,324
38
KODIAK ISLAND BOROUGH
NOTES TO FINANCIAL STATEMENTS
June 30. 1991
NOTE 13 - INDIVIDUAL FUND DISCLOSURES (Continued)
The following funds' expenditures exceeded their appropriations:
Special Revenue Funds
Fund Excess
Day Care $22
$ 22,727
Enterprise Funds
Fund
Excess
Sanitary Services
$152,917
Water
202,606
Sewer
192.845
$548.368
11
Proprietary Funds reconciliation of Fund equity for the year ended June 30, 1991,
except for the Hospital which is for the year ended December 31, 1990.
Sanitary
Water
Sewer
Services
Utility
Utility
Hospital
Total
Fund equity at beginning of year $2,376,725
$5,567,900
$9,305,696
S 7,525,886
$24,776,207
Net loss (65.081
(150,968
(160,139
(1,358.007
(1.734,195
Fund equity at end of year 52,311,644
$5,416,932
S9,145,557
$6,167,879
523.042.012
NOTE 14 - CONTINGENCIES
Litigation
Oil Spill -
The Borough is involved in litigation seeking recovery from Exxon and others for
damages it sustained as a result of the Exxon Oil Spill. Although the Borough's claim
is in excess of $1,000,000, at this time it is not possible to determine the amount,
if any, of damages it will ultimately be awarded.
39
KODIAK ISLAND BOROUGH
June 30, ..
NOTE 14 - CONTINGENCIES (Continued)
General -
The Borough, in the normal course of its activities, is involved in various claims and
pending litigation. In the opinion of management, the disposition of the claims and
litigation is not presently expected to have a material adverse effect on the Borough's
financial statements.
Grants
Amounts received or receivable from grantor agencies are subject to audit and
adjustment by the grantor agencies. Any disallowed claims, including amounts already
collected, would become a liability of the General or other applicable funds. In
management's opinion, disallowances, if any, will be immaterial.
NOTE 15 - SUBSEQUENT EVENTS
Severance Tax
Subsequent to June 30, 1991 the Borough implemented a severance tax on those entities
that harvest natural resources. Management estimates the tax will generate $400,000
to $600,000 annually in additional revenues for the Borough.
40
GENERAL FUND
' The General Fund accounts for the financial operations of the Borough that are
not required to be accounted for in any other fund. Principal sources of revenue
are property taxes and intergovernmental revenues. Primary expenditures in the
' General Fund are for general governmental and public services.
u
r-
I
r�
EXHIBIT A -1
KODIAK ISLAND BOROUGH
GENERAL FUND
BALANCE SHEET
JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
ASSETS
1991
Equity in central treasury $ 120,251
Temporary investments 3,586,982
Other cash and cash equivalents -
Total cash and investments 3,707,233
Receivables:
State of Alaska 49,310
Property taxes:
Delinquent taxes 59,745
Allowance for uncollectible delinquent
taxes (17,667)
Accrued interest receivable 48,266
Other -
Net receivables 139,654
Prepaid expenses 37,250
S3,8
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts payable
Payroll taxes and employee benefits
Other accrued liabilities
Due to other funds
Total liabilities
Fund balance:
Reserved for encumbrances
Unreserved - designated for subsequent year
expenditures
Total fund equities
$ 92,897
18,167
3,208
1,995,115
2,109,387
1,774,750
1,774,750
S3,884,137
1990
$ 110,383
5,533,336
2,456
5,646,175
50,859
28,640
(13,327)
111,622
172
177,966
158,894
S5,983,035
$ 40,076
934
3,960,878
4,001,888
2,051
1,979,096
1,981,147
S5,9
42
EXHIBIT A -2
KODIAK ISLAND
BOROUGH
t
GENERAL FUND
STATEMENT OF REVENUES,
EXPENDITURES, TRANSFERS
AND
CHANGES IN
FUND BALANCE -
BUDGET AND ACTUAL
YEAR ENDED JUNE
30, 1991
WITH
COMPARATIVE TOTALS FOR 1990
1991
Variance -
Favorable
1990
Budget
Actual
(Unfavorable)
Actual
Revenues:
'
Property taxes:
Real
$1,861,920
$1,806,671
$ (55,249)
$1,700,685
Personal
331,800
355,227
23,427
256,006
Motor vehicle
160,000
175,433
15,433
180,265
Penalty and interest
45,000
41,129
(3,871)
51,835
Payments in lieu of taxes
444,960
445,469
509
451,253
Total property taxes
2,843,680
2,823,929
(19,751
2,640,044
'
Intergovernmental:
State sources:
State shared revenue
581,770
581,772
2
696,621
Municipal assistance
556,300
581,558
25,258
596,297
'
Raw fish tax
1,486,000
1,082,779
(403,221)
Electric co -op tax
8000
7,055
(1,645)
16,412
Miscellaneous
610
724
114
610
Total State sources
2,633,380
2,253,888
(379,492)
1,309,940
Federal sources
3,600
2,063
(1,537
6,298
Total intergovern-
mental revenue
2,636,980
2,255,951
(381,029
1,316,238
Licenses, permits, fees and
other local revenues:
Building and trailers
25,000
14,770
(10,230)
34,032
Subdivision and zoning
fees
9,500
8,537
(963)
10,848
Sale of copies
3,100
5,923
2,823
-
'
Switchboard services
15,000
15,496
496
12,867
Emergency medical services
33,000
26,817
(6,183)
27,370
Miscellaneous
24,530
29,325
4,795
35,028
Total licenses, permits
'
fees and other local
sources
110,130
100,868
(9,262
120,145
Investments and property:
Interest income
360,000
431,825
71,825
537,228
Gain on exchange
10,000
24,556
14,556
-
Lease rentals on land
'
and buildings
Total investments
-
-
-
3,623
and property
370,000
456,381
86,381
540,851
Total revenues
$5,960,790
$5,637,129
$(323,661
$4,617,278
'
43
Continued
EXHIBIT A -2 (Continued
KODIAK ISLAND BOROUGH
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Expenditures:
1991
Variance -
Favorable 1990
Budget Actual (Unfavorable) Actual
Borough Assembly
$ 126,200
$ 127,479
$ (1,279)
$ 66,425
Mayor's department
204,750
207,326
(2,576)
171,549
Clerk's department
233,960
235,235
(1,275)
243,883
Legal services
150,280
143,481
6,799
178,589
Finance department
312,930
313,393
(463)
257,692
Data services
234,420
197,025
37,395
198,168
Assessment department
222,060
215,401
6,659
205,157
Engineering facilities department
185,010
149,898
35,112
224,975
Community development department
413,350
376,662
36,688
301,586
Building inspector
70,000
78,218
(8,218)
65,939
Resource management
74,500
75,013
(513)
61,759
Switchboard /word processing
70,140
57,398
12,742
71,689
Community and Regional
Affairs liaison
7,150
3,171
3,979
2,586
Economic development
50,000
49,854
146
48,244
General administration
397,420
368,463
28,957
371,624
Emergency preparedness
57,000
3,081
53,919
8,754
Educational support
57,500
43,633
13,867
54,150
Health and sanitation
416,750
411,000
5,750
367,921
Culture and recreation
195,700
190,700
5,000
180,500
Total expenditures
S3,479,120
S3,246,431
S232,689
S3,081,190
Continued 44
1
1
1
1
1
1
1
1
1
1
1
1
EXHIBIT A -2 (Continued
KODIAK ISLAND BOROUGH
GENERAL FUND
STATEMENT OF REVENUES EXPENDITURES TRANSFERS AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Excess of revenues over
expenditures
Operating transfers in:
Special Revenue:
Land Sales
Capital Projects:
Various Borough projects
Operating transfers out:
Special Revenue:
Education
Mental Health
Buildings and grounds
Capital Projects:
Various Borough projects
Debt Service:
Other
Enterprise Funds:
Hospital
Net operating trans-
fers out
Deficiency of revenues
and operating transfers in
over expenditures and
operating transfers out
Fund balance at beginning
of year
Fund balance at end of year
1991
Variance -
Favorable 1990
Budaet Actual (Unfavorablel Actual
S 2,481,670 S 2,390,698 S(90,972 S 1,536,088
73,230 73,230
100,000 100,000
173,230 173,230
2,270,000
210,000
460,000
2,100,000
210,000
460,000
325
2,940,000 2,770,325
(2,766,770 (2,597,095
68,790
68,790
170,000 2,100,000
- 140,000
450,000
- 10,000
(325) 9,102
- 13,000
169,675 2,722,102
169,675 (2,653,312
S (285,100 (206,397) S 78,703 (1,117,224)
1,981,147
S 1,774,750
45
3,098,371
S 1,981,147
EXHIBIT A -3
KODIAK ISLAND BOROUGH
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS -
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Continued 46
1991
Variance -
Favorable
1990
Budoet
Actual
(Unfavorable)
Actual
Expenditures:
Borough Assembly:
Personnel services
$ 16,800
$ 15,400
$ 1,400
$ 15,856
Fringe benefits
-
891
(891)
241
Support, goods & services
62,400
66,450
(4,050)
28,328
Lobbyist
47,000
44,738
2,262
22,000
Total
126,200
127,479
(1,279
66,425
Mayor's department:
Personnel services
140,240
139,219
1,021
99,116
Fringe benefits
39,710
39,531
179
21,266
Support, goods & services
24,800
28,576
(3,776)
33,965
Capital outlay
-
-
-
17,202
Total
204,750
207,326
(2,576
171,549
Clerk's department:
Personnel services
122,830
128,712
(5,882)
120,115
Fringe benefits
39,130
35,335
3,795
25,888
Consultant
2,500
2,500
-
-
Support, goods & services
69,500
67,112
2,388
93,738
Capital outlay
-
1,576
X1,576
4,142
Total
233,960
235,235
(1,275
243,883
Legal services:
Legal fees
130,800
123,612
7,188
156,387
Support, goods & services
19,480
19,869
(389
22,202
Total
150,280
143,481
6,799
178,589
Finance department:
Personnel services
202,530
201,722
807
192,621
Fringe benefits
70,800
68,668
2,132
40,503
Support, goods & services
38,600
43,003
(4,402)
39,447
Capital outlay
1,000
-
1,000
2,220
Allocated to projects
-
-
-
(17,099
Total
312,930
313,393
(463
257,692
Continued 46
EXHIBIT A -3 (Continued
KODIAK ISLAND BOROUGH
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Data services:
Personnel services
Fringe benefits
' Contracted services
Support, goods & services
Capital Outlay
Allocated to projects
Total
Assessing department:
Personnel services
' Fringe benefits
Contracted services
Support, goods & services
Capital outlay
' Total
Engineering /Facilities department:
' Personnel services
Fringe benefits
Contracted services
Support, goods & services
Capital outlay
Allocated to projects
Total
150,410
46,950
500
19,200
5,000
222,060
139,400
44,410
25,000
35,200
1,000
(60,000
185,010
Community development department:
Personnel services 254,860
Fringe benefits 89,030
Contracted services 18,500
Support, goods & services 36,960
Capital Outlay 14,000
Allocated to projects -
Total
413,350
146,081
47,192
106
21,668
354
215,401
123,894
49,698
20,834
23,109
969
(68,606
149,898
235,637
74,977
5,584
49,155
23,079
(11,770
376,662
4,329
(242)
394
(2,468)
4,646
6,659
15,506
(5,288)
4,166
12,091
31
8,606
35,112
19,223
14,053
12,916
(12,195)
9,079
11,770
36,688
144,578
32,695
26,020
1,864
205,157
212,309
44,203
49,015
1,599
(82,151
224,975
192,268
46,568
38,164
24,586
301,586
Building inspector's
department:
Contracted services 70,000 78,036 (8,036)
Support, goods & services - 182 (182
Total 70,000 78,218 (8,218
65,939
65,939
47 Continued
1991
Variance -
Favorable
1990
Budget
Actual
(Unfavorable)
Actual
$ 207,240
$ 178,414
$ 28,826
$ 171,222
67,280
48,941
18,339
37,482
6,825
(6,825)
48,400
59,564
(11,164)
48,051
46,500
47,072
(572)
46,935
(135,000
(143,791
8,791
(105,522
234,420
197,025
37,395
198,168
150,410
46,950
500
19,200
5,000
222,060
139,400
44,410
25,000
35,200
1,000
(60,000
185,010
Community development department:
Personnel services 254,860
Fringe benefits 89,030
Contracted services 18,500
Support, goods & services 36,960
Capital Outlay 14,000
Allocated to projects -
Total
413,350
146,081
47,192
106
21,668
354
215,401
123,894
49,698
20,834
23,109
969
(68,606
149,898
235,637
74,977
5,584
49,155
23,079
(11,770
376,662
4,329
(242)
394
(2,468)
4,646
6,659
15,506
(5,288)
4,166
12,091
31
8,606
35,112
19,223
14,053
12,916
(12,195)
9,079
11,770
36,688
144,578
32,695
26,020
1,864
205,157
212,309
44,203
49,015
1,599
(82,151
224,975
192,268
46,568
38,164
24,586
301,586
Building inspector's
department:
Contracted services 70,000 78,036 (8,036)
Support, goods & services - 182 (182
Total 70,000 78,218 (8,218
65,939
65,939
47 Continued
EXHIBIT A -3 (Continued
KODIAK ISLAND BOROUGH
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS -
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
1991
Variance -
Favorable
Budget Actual (Unfavorable)
Resource management:
i
1990 ,
Actual
Personnel services
$ 51,050
$ 51,313
$ (263)
$ 48,443
Fringe benefits
19,450
21,381
(1,931)
12,013
Support, goods & services
4,000
4,358
(358)
3,934
Capital outlay
-
1,311
(1,311)
-
Allocated to projects
-
(3,350
3,350
(2,631
Total
74,500
75,013
(513
61,759
Switchboard /Word processing:
Personnel services
53,390
44,000
9,390
58,112
Fringe benefits
16,050
11,427
4,623
13,068
Support, goods & services
700
1,971
(1,271
509
Total
70,140
57,398
12,742
71,689
Community and Regional
Affairs liaison:
Support, goods & services
7,150
3,171
3,979
2,586
Total
7,150
3,171
3,979
2,586
Economic development:
General services -
Contracted services
30,000
28,441
1,559
-
Support, goods & services
-
1,413
(1,413)
28,244
Contributions -
Kodiak Chamber of Commerce
5,000
5,000
-
5,000
Kodiak Convention Bureau
15,000
15,000
15,000
Total
50,000
49,854
146
48,244
General administration:
Fringe benefits
40,000
39,950
50
936
Audit expense
124,000
103,738
20,262
121,258
Support, goods & services
216,420
205,022
11,398
233,100
Capital outlay
17,000
19,753
(2,753
16,330
Total
397,420
368,463
28,957
371,624
Emergency preparedness:
Support, goods & services
7,000
3,081
3,919
5,016
Capital outlay
50,000
-
50,000
3,738
Total
57,000
3,081
53,919
8,754
Continued 48
EXHIBIT A -3 (Continued
Total 416,750 411,000 5,750 367,921
KODIAK ISLAND BOROUGH
GENERAL
FUND
12,000
12,000
SCHEDULE
OF EXPENDITURES AND TRANSFERS
-
9,000
9,000
BUDGET AND
ACTUAL
Summer Basketball
3,000
'
YEAR ENDED JUNE
30, 1991
Crimestoppers
WITH
COMPARATIVE
TOTALS FOR 1990
t
Kodiak Isle Sport Assn.
2,500
2,500
1,500
1991
12,000
12,000
_
12,000
Village Libraries
Variance -
18,000
- 18,000
Chiniak Public Library
Favorable
1990
- 3,000
Budget
Actual (Unfavorable)
58,000
Actual
Education support:
Head Start
8,200
8,200
School support -
Kodiak College
34,000
34,000
' Audit expense
$ 37,500
$ 23,633
$ 13,867
$ 29,150
Contributions to
Kodiak Library Association
1,500
1,500
scholarship foundation
-
-
-
25,000
Capital outlay
20,000
20,000
-
-
'
Total
57,500
43,633
13,867
54,150
Health and sanitation:
'
Total
195,700
190,700
' Emergency medical services
32,450
26,994
5,456
30,900
Animal control
36,000
35,740
260
37,967
Council on Alcoholism
60,000
60,000
-
60,000
State Health Services Villages
25,800
25,800
-
25,800
' State Health Services Kana
8,600
8,600
8,600
Women's Resource Crisis
34,900
34,900
_
34,900
American Red Cross
2,000
2,000
-
2,000
Alaska Legal Services
7,000
7,000
-
10,000
Kodiak Baptist Mission
60,000
60,000
60,000
Small World (Day Care)
18,000
18,000
_
18,000
Special Olympics
3,000
3,000
-
3,000
Health Center Support
2,000
1,966
34
3,754
' Senior Citizen Support
24,000
24,000
20,000
Kodiak Respite Care
3,000
3,000
_
3,000
Detox
50,000
50,000
-
-
Ambulance service
50,000
50,000
-
50,000
Total 416,750 411,000 5,750 367,921
Culture and recreation:
KMXT Public Radio
12,000
12,000
12,000
Historical Society
9,000
9,000
_
9,000
Summer Basketball
3,000
3,000
- 3,000
Crimestoppers
1,500
1,500
- 1,000
t
Kodiak Isle Sport Assn.
2,500
2,500
1,500
Kodiak Art Council
12,000
12,000
_
12,000
Village Libraries
18,000
18,000
- 18,000
Chiniak Public Library
3,000
3,000
- 3,000
City of Kodiak Library
58,000
58,000
58,000
Head Start
8,200
8,200
_
8,000
Kodiak College
34,000
34,000
- 34,000
Kodiak Little League
2,000
2,000
- -
Kodiak Library Association
1,500
1,500
-
'
Santa in the Village
1,000
1,000
_
1,000
Karluk IRA Council
20,000
20,000
- 20,000
KANA Dorms
10,000
5,000
5,000 -
'
Total
195,700
190,700
5,000 180,500
Total expenditures
3,479,120
3,246,431
232,689 3,081,190
49
Continued
EXHIBIT A -3 (Continued
KODIAK ISLAND BOROUGH
GENERAL FUND
SCHEDULE OF EXPENDITURES AND TRANSFERS
BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
50
1991
Variance -
Favorable
1990
Budget
Actual
(Unfavorable)
Actual
Operating transfers out:
Special Revenue -
Education
$2,270,000
$2,100,000
$170,000
$2,100,000
Mental Health
210,000
210,000
-
140,000
Buildings and grounds
460,000
460,000
-
450,000
Capital Projects -
Various Borough projects
-
-
-
10,000
Debt Service
Other
-
325
(325)
9,102
Enterprise Funds -
Hospital
-
-
-
13,000
Total operating
transfers out
2,940,000
2,770,325
169,675
2,722,102
Total
S6,4�
56,016,756
S402.364
S5,8 03,292
50
I SPECIAL REVENUE FUNDS
These funds are used to account for revenues from specific taxes or other
ear - marked revenue sources which by law are designated to finance particular
functions or activities of government.
FIRE AND ROAD SERVICE DISTRICTS
' These funds account for the activities related to service districts
established by the voters within the district to provide road services and
fire protection within the service area.
MENTAL HEALTH CENTER
This fund accounts for the operations of a mental health center financed by
' State of Alaska grants and contracts and user fees.
ENERGY
This fund accounts for State of Alaska and Federal grants related to the
effects of coastal energy development impacts. Expenditures of these grants
are for comprehensive plans, coastal sensitivity analysis, outer continental
shelf impact analysis, ordinance update and planning and zoning.
' DAY CARE
This fund accounts for a State of Alaska grant to finance day care for
children of low- income, employed families.
EDUCATION
' This fund accounts for the operations of the Kodiak Island Borough School
District. The School District is a component unit of the Kodiak Island
Borough.
LAND SALES
This fund accounts for the disposal of Borough -owned lands. The proceeds of
' land disposals are generally used for the management of Borough lands and the
repairs and maintenance of school buildings.
' BUILDING AND GROUNDS
This fund accounts for the operations and maintenance of certain buildings and
grounds owned by the Borough which are jointly shared with the City of Kodiak,
' the Kodiak Island Borough School District, the State of Alaska and certain
non - profit community organizations.
'
LIGHTING DISTRICT
This fund accounts
for activities related to
the Woodland
Acres Lighting
District established
by the voters within the
district to
provide street
'
lighting within the
service area.
OIL SPILL CLEANUP
'
This fund accounts
for costs incurred by the
Borough due
to the oil spill of
the Exxon Valdez.
Such costs are reimbursed
by the State
of Alaska and Exxon.
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
52
Fire
Koala
IlomeWs
Monashka
District
Women's
Bay View
Area 1
Bay
Bay
One
B_ y
Road
ASSETS
Equity in central treasury
S 38,322
$17,432
$5,959
$25,054
526,710
$1,836
Temporary investments
391,891
-
-
-
-
-
Other cash and cash equivalents
-
-
-
-
'
Receivables:
State of Alaska
-
-
-
-
'
Federal government
-
-
-
-
-
Land sales contract, due
within one year
-
-
Accrued interest
7,112
-
-
-
-
-
Other
-
-
-
-
20,000
-
Allowance for doubtful
receivables
-
-
-
-
'
Due from other fads
-
-
-
-
-
-
Inventories
-
-
-
-
-
Prepaid expenses
-
-
-
-
-
-
Land sales contracts receivable,
due after one year
-
-
-
-
-
-
Total assets
S43�
517.432
55,959
S2�
$46,710
51,836
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
S 518
S 151
$2,052
$ 997
S 1,596
$ -
Salaries payable
-
-
-
-
-
-
Payroll taxes accrued and withheld
-
-
-
-
-
-
Employee benefits accrued and withheld
723
-
-
-
-
-
Customer deposits
-
300
-
-
-
-
Deferred and unrealized revenues
-
-
-
-
-
-
Due to other funds
-
-
-
-
-
Other
-
-
-
-
'
Total liabilities
1,241
451
2,052
997
1,596
-
Fund balance:
Reserved for encumbrances
-
-
-
-
-
-
Reserved for fuel inventory
-
-
-
-
-
-
Health Insurance
-
-
-
-
-
'
Fiscal year 1991 PL -874
-
-
-
-
-
-
Unreserved -
Designated:
Subsequent year expenditures
Undesignated
436,084
16,981
3,907
24,057
45,114
1,836
Total fund balances
436,084
16.981
3,907
24,057
45,114
1,836
Total liabilities and fund
balances
5437,325
517,432
$5.959
S25.054
S46,710
51,836
52
EXHIBIT 9-1
t
Federal and
State Grant Programs
Mental Building Woodland Totals
Health and Acres Oil Spill
Center Energy Day Care Education Land Sales Grounds Lighti Cleanup 1991 1990
S 2,787 S 1,841 S 3,779 S - S 6,895 S 71,514 $1,333 $145,926 S 349,388 S 134,790
- - - 1,300,000 250,000 1,941,891 2,280,886
- - 45,511 - - - - 45,511 38,889
288,197 38,159 50,897 833,880 - - - - 1,211,133 1,387,389
- - - 41,924 - - - - 41,924 61,094
- 195,510 - - - 195,510 245,276
16,746 8,277 - - 32,135 42,913
150,156 - - 4,233 94,455 - - 50,000 318,844 118,747
(31,923) - - - (25,000) - - (56,923) (56,436)
- 1,995,115 165,000 75,000 - - 2,235,115 2,444,008
- 173,826 - - - - 173,826 207,387
32,090 - - - - - - - 32,090 427,345
- - 1.729.586 - - 1.729.586 1.368.020
$441,307 S4� $54,676 $3,094,489 $3.483,192 5404,791 $1,333 $195,926 58,250,030 58.700.308
S 9,519 S - S17,497 S 349,770 S 4,200 S 13,735 S 162 S 582 S 400,779 S 513,998
752,624 - - - - 752,624 573,572
14,658 - - 717,590 - - - - 732,248 728,621
- - - 108,548 - - - - 109,271 89,550
300 300
1,925,096 - - 161,539 2,086,635 1,774,837
165,000 40,000 20,000 17,670 - - - 15,000 257,670 413,802
206.538 - - - - 206.538 -
189.177 40.000 37.497 2,152.740 1.929.296 13.735 162 177.121 4.546.065 4.094.680
- 78,965 - - - - 78,%5 47,084
- - 50,345 - - - - 50,345 85,937
- - 200,000 - - - - 200,000 200,000
- - 154,032 - - - - 154,032 207,072
- - - 341,800 341,800 760,000
252,130 - 17.179 116.607 1.553.896 391.056 1.171 18.805 2.878.823 3.305.535
252.130 - 17,179 941.749 1,553.896 391,056 1.171 18,805 3.703. %5 4,605.628
$44 1,307 $4� 0`00 $54.676 $3,094,489 $3,483,192 $404.791 51,333 $1 $8 2 5� $8.7_ 00,
53
Expenditures:
KODIAK ISLAND BOROUGH
Planning and community
SPECIAL REVENUE FUNDS
development
-
COMBINING STATEMENT OF REVENUES. EXPENDITURES. TRANSFERS AND
- - -
Health and sanitation
-
CHANGES IN FUND BALANCE (DEFICIT)
- - -
Education support
-
- -
YEAR ENDED JUNE 30, 1991
General administration
141,745
40,646 -
- - -
WITH COMPARATIVE TOTALS FOR 1990
-
- -
- - -
Capital outlay:
Fire and Road Service Districts
-
- -
Fire
-
Road
- - -
Services district maintenance
-
- 18,408
65,849 53,805 2,486
Women's Monashka
District
Women's
-
Total expenditures
Area 1 Ba_ Bay
One
Bay
Bay View
Revenues:
over expenditures
31.551
Property taxes
$127,769 $33,377 $21,546
$79,138
S 66,755
$3,826
State sources
7,498 2,446 3,473
12,061
15,760
1,338
Federal sources
- - -
-
-
-
Land sale proceeds
- - -
-
-
-
Exxon reimbursement
- - -
-
-
-
Licenses, permits, fees and
other local revenues
- - -
-
20,000
-
Investments and property
38.029 8,400 -
-
-
-
Total revenues
173.296 44.223 25.019
91.199
102.515
5,164
Expenditures:
Planning and community
development
-
- -
- - -
Health and sanitation
-
- -
- - -
Education support
-
- -
- - -
General administration
141,745
40,646 -
- - -
oil spilt cleanup
-
- -
- - -
Capital outlay:
- -
-
- -
Capital improvements
-
- -
- - -
Services district maintenance
-
- 18,408
65,849 53,805 2,486
General
-
- -
-
Total expenditures
141,745
40.646 18.408
65.849 53.805 2.486
Excess (deficiency) of revenues
over expenditures
31.551
3,577 6.611
25.350 48.710 2.678
operating transfers in
10,685
10,000 -
- - -
Operating transfers out
-
- -
- 1C 0.000
Net operating transfers
10,685
10.000 -
- 1( 0.000 -
Excess (deficiency) of revenues
and operating transfers in
over expenditures and operating
transfers out
42,236 13,577
6,611
25,350 38,710 2,678
Fund balance (deficit) at
beginning of year
393,848 3,404
(2,704)
(1,293) 6,404 (842)
Adjustments to reserve for
fuel inventory
- -
-
- -
Fund balance at end of year
$436,084 516.981
5 3
$24.057 S 4�5 X 114 $
54
EXHIBIT B-2
1
1
1
1
1
1
1
1
1
- 58,100 - - - -
1,662,904 - 193,989 - - -
- - - 17,481,451 - -
39,309 630,029
1,662,904 58.100 193.989 17,481.451 39.309 630.029
- 58,100
- 1,856,893
17,481,451
6,152 - 857,881
- 409,989 409,989
140,548
6.152 409,989 20.804,862 21,261.888
36,810
1,808,616
16,452,193
755,152
1,975,506
39,083
194,528
(213.939 - 17.179 1,753.717 814,858 (331,386 1,171 18.805 2.178.882 1,871.883
210,000 - - 2,100,000 - 460,000 - - 2,790,685 2,710,000
(16.561 - - _(4,507.347 (1,301,730 - - - (5,835.638 (3,963.027
193.439 - - (2,407.347 (1.301.730 460.000 - (3.044.953 _(1,253.027
(20,500) - 17,179 (653,630) (486,872) 128,614 1,171 18,805 (866,071) 618,856
272,630 - - 1,630,971 2,040,768 262,442 - - 4,605,628 3,983,787
- (35,592 - - - - (35.592 2.985
S 252,130 S $ 17,179 S 941,749 SS 1,555 S 391,056 S 1 171 S 18.805 S 3,7� 0� S C605,6
55
Federal and
State Grant Programs
Totals
Mental
Building
Woodland
Health
and
Acres
Oil Spill
Center
Energy
Day Care
Education
Land Sales
Grounds
Lioti
Clean
1991
1990
S -
$ -
S -
S -
S -
S -
S 7,323
S -
S 339,734
S 255,761
901,543
58,100
211,168
17,044,417
-
-
-
428,754
18,686,558
18,716,230
-
-
-
2,017,334
-
-
-
-
2,017,334
2,343,484
-
-
-
-
581,519
-
-
-
581,519
370,886
'
-
-
-
-
187,072
541,518
-
-
173,417
131,814
-
-
40
866,789
519,524
5.904
-
-
-
140.834
298.643
-
-
491.810
740,814
1,448,965
58,100
211.168
19.235,168
854,167
298.643
7,323
428.794
22.983.744
23,133.771
- 58,100 - - - -
1,662,904 - 193,989 - - -
- - - 17,481,451 - -
39,309 630,029
1,662,904 58.100 193.989 17,481.451 39.309 630.029
- 58,100
- 1,856,893
17,481,451
6,152 - 857,881
- 409,989 409,989
140,548
6.152 409,989 20.804,862 21,261.888
36,810
1,808,616
16,452,193
755,152
1,975,506
39,083
194,528
(213.939 - 17.179 1,753.717 814,858 (331,386 1,171 18.805 2.178.882 1,871.883
210,000 - - 2,100,000 - 460,000 - - 2,790,685 2,710,000
(16.561 - - _(4,507.347 (1,301,730 - - - (5,835.638 (3,963.027
193.439 - - (2,407.347 (1.301.730 460.000 - (3.044.953 _(1,253.027
(20,500) - 17,179 (653,630) (486,872) 128,614 1,171 18,805 (866,071) 618,856
272,630 - - 1,630,971 2,040,768 262,442 - - 4,605,628 3,983,787
- (35,592 - - - - (35.592 2.985
S 252,130 S $ 17,179 S 941,749 SS 1,555 S 391,056 S 1 171 S 18.805 S 3,7� 0� S C605,6
55
EXHIBIT B -3
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
FIRE AND ROAD SERVICE DISTRICTS - FIRE AREA 1
STATEMENT OF REVENUES. EXPENDITURES. TRANSFERS. AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Revenues:
Property taxes
Payment in Lieu of Taxes
State sources - shared
revenue
Licenses, permits, fees
and other local revenues
Investments and property
Total revenues
Expenditures - general
administration:
Fire chief
Volunteers
Fringe benefits
Professional services
Support costs
Capital outlay
Depreciation
Total expenditures
Excess of revenues over
expenditures
Operating transfers in
Operating transfers out
Net operating transfers
Excess of revenues and operating
transfers in over expenditures
and operating transfers out
Fund balance at beginning
of year
Fund balance at end of year
56,340
1991
(3,534)
55,102
7,000
4,400
Variance -
4,415
18,440
17,766
Favorable
1990
Budget
Actual
(Unfavorable)
Actual
43,850
$128,000
$127,769
$ (231)
$114,577
-
2,424
2,424
-
8,000
5,074
(2,926)
8,039
6,000
6,005
5
7,545
30.000
32,024
2.024
36,744
172.000
173.296
1.296
166,905
56,340
59,874
(3,534)
55,102
7,000
4,400
2,600
4,415
18,440
17,766
674
14,165
4,000
-
4,000
-
43,850
40,624
3,226
35,004
29,970
19,081
10,889
1,215
12,400
12,400
172,000
141,745
30,255
109,901
31.551 31.551 57,004
10,685 10,685 -
(2.067
(2,067
10.685 10.685
42,236 $42,236
393.848
$ 436,084
54,937
338,911
$ 393,848
56
EXHIBIT B -4
KODIAK I SLAND BOROUGH
SPECIAL REVENUE FUNDS
FIRE AND ROAD SERVICE DISTRICTS - FIRE WOMEN'S BAY
STATEMENT OF REVENUES EXPENDITURES TRANSFERS AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Excess (deficiency) of
revenues over expenditures
Operating transfer in
Operating transfers out
Net operating transfers
Excess (deficiency) of revenues and
operating transfers in over
expenditures and operating
transfers out
Fund balance at beginning of year
Fund balance at end of year
(10.000
10,000
10.000
3.577 13.577 11.807
10,000 - -
- - (20,000
10.000 - (20,000
13,577 $13,577
3.404
$ 16,981
(8,193)
11.597
3,404
57
1991
Variance -
Favorable
1990
Budget
Actual
(Unfavorable)
Actual
Revenues:
Property taxes
$ 29,000
$33,377
$ 4,377
$ 31,340
State sources - shared revenue
600
2,446
1,846
618
Licenses, permits, fees
and other local revenues
7.200
8.400
1.200
7.700
Total revenues
36.800
44.223
7.423
39,658
Expenditures - general
administration:
'
Personal services
800
61
739
-
Fringe benefits
4,000
3,555
445
2,503
Support costs
27,600
34,909
(7,309)
25,348
Capital outlay
14.400
2.121
12.279
-
_ Total expenditures
46.800
40.646
6.154
27.851
Excess (deficiency) of
revenues over expenditures
Operating transfer in
Operating transfers out
Net operating transfers
Excess (deficiency) of revenues and
operating transfers in over
expenditures and operating
transfers out
Fund balance at beginning of year
Fund balance at end of year
(10.000
10,000
10.000
3.577 13.577 11.807
10,000 - -
- - (20,000
10.000 - (20,000
13,577 $13,577
3.404
$ 16,981
(8,193)
11.597
3,404
57
EXHIBIT B -5
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, 1991
WITH COMPARATIVE TOTALS FOR 1990
Revenues:
Property taxes
State sources - shared
revenue
Total revenues
Expenditures - capital
improvements - service
district maintenance:
Salaries
Snow removal
Road grading
Support -goods & services
Total expenditures
Excess (deficiency) of revenues
over expenditures
Fund balance (deficit) at beginning
of year
Fund balance (deficit) at
end of year
- 239 (239) 287
12,400 10,474 1,926 24,495
10,000 7,609 2,391 20,920
- 86 (86 122
22.400 18.408 3.992 45.824
6,611 $6,611 (23,370)
(2.704 20.666
3,907 $(2,704)
58
1991
Variance -
Favorable
1990
Budget
Actual
(Unfavorable)
Actual
$18,700
$21,546
$2,846
$18,747
3.700
3.473
(227
3.707
22.400
25.019
2.619
22.454
- 239 (239) 287
12,400 10,474 1,926 24,495
10,000 7,609 2,391 20,920
- 86 (86 122
22.400 18.408 3.992 45.824
6,611 $6,611 (23,370)
(2.704 20.666
3,907 $(2,704)
58
1
1
I
l
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
FIRE AND ROAD SERVICE DISTRICTS - ROAD DISTRICT 1
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE (DEFICIT) - BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Revenues:
1991
Variance -
Favorable
Budget Actual (Unfavorable)
Property taxes $63,800 $79,138 $15,338
Payment in lieu of taxes - 1,939 1,939
State sources - shared
revenue 9.200 10.122 922
Total revenues 73.000 91.199 18.199
Expenditures - capital
improvements - service
district maintenance:
Salaries
2,400
Repairs and maintenance
-
Snow removal
54,000
Road grading
8,000
Support -goods & services
8.600
Total expenditures
73.000
Excess (deficiency) of revenues
over
expenditures
Fund balance (deficit) at
beginning of year
Fund balance (deficit) at
end of year
59
2,900
38,917
15,899
8.133
65.849
25,350
(1.293
$ 24,057
(500)
15,083
(7,899)
467
7.151
$ 25,350
EXHIBIT B -6
1990
Actual
$50,185
9.222
59.407
5,055
7,787
47,894
2,399
284
63.419
(4,012)
2.719
$( 1,293)
EXHIBIT B -11
KODIAK ISLAND BOR
SPECIAL
FEDERAL AND STATE GRANT PROGRAMS
STATEMENT OF REVENUES.
CHANGES IN FUND BAI
YEAR ENDE1
WITH COMPARAT
Revenues:
State sources
Expenditures - planning and
community development:
Planning and zoning
Excess of revenues over
expenditures
Fund balance at
beginning of year
Fund balance at end of year
REVENUE FUNDS
- COASTAL MANAGEMENT (ENERGY) PROG
EXPENDITURES. TRANSFERS AND
ANCE - BUDGET AND ACTUAL
) JUNE 30, 1991
IVE TOTALS FOR 1990
1991
Variance -
Favorable
Budget Actu (Unfavorable)
$ 58,100 $58,100 S
58.100 58.100
1990
A ctual
$ 11,116
11.116
64
1
1
1
1
1
1
1
1
1
KODIAK ISLAND BOROUGH
EXHIBIT B -12
SPECIAL REVENUE FUNDS
FEDERAL AND STATE GRANT PROGRAMS - DAY CARE
STATEMENT OF REVENUES, EXPENDITURES. AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Revenues -
State sources
Expenditures - health and
sanitation - day care
payments
Deficiency of revenues over
expenditures
Fund balance at
beginning of year
Fund balance at end of year
1991
Variance -
Favorable 1990
Budget Actual (Unfavorable) Actual
$ 171,262 $211.168 39,906 $181,572
171.262 193.989 (22.727 181.744
$ - 17,179 17,179 (172)
17,179
65
172
EXHIBIT B-13
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
EDUCATION
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
66
1991
Variance -
Favorable
1990
Budget
Actual
(Unfavorable)
Actual
Revenues:
State sources
$16,657,410
$17,044,417
f 387,007
$15,789,269
Federal through State sources
2,003,954
1,517,502
(486,452)
1,580,638
Federal direct sources
333,690
499,832
166,142
762,846
Licenses, permits, fees
and other local revenues:
Food sales
134,100
131,519
(2,581)
126,876
Pupil activities
7,000
7,335
335
6,583
Other local revenues
39.600
34.563
(5,037
60.811
Total revenues
19.175.754
19,235,168
59.414
18.327.023
Expenditures:
Education support:
Regular instruction
7,747,328
7,469,335
277,993
6,947,004
Vocational education instruction
849 ,082
782,154
66,928
807,313
Correspondence study instruction
108,719
112,503
(3,784)
114,600
Special education instruction
1,958,089
1,758,788
199,301
1,762,426
Gifted and talented instruction
127,035
124,084
2,951
144,248
Bilingual /bicultural instruction
223,250
225,106
(1,856)
204,855
Support services - pupils
939,001
924,449
14,552
838,060
School administration
1,173,762
1,185,472
(11,710)
1,021,437
District administration
965,561
1,141,192
(175,631)
934,405
Operation and maintenance
2,569,653
2,565,720
3,933
2,565,464
Food services
282,100
321,132
(39,032)
268,143
Community services
29,419
16,057
13,362
13,232
Pupil activities
424,866
399,397
25,469
385,948
Pupil transportation
462.235
456.062
6.173
445.058
Total expenditures
17.860,100
17,481,451
378.649
16.452.193
Excess of revenues over expenditures
1,315.654
1,753,717
438.063
1.874.830
Operating transfers in
2,312,393
2,100,000
(212,393)
2,100,000
Operating transfers out
(4.637.900
(4,507,347
130.553
(3.623,144
Net operating transfers
(2,325.507
(2,407,347
(81.840
(1.523.144
Excess (deficiency) of revenues
and operating transfers in
over expenditures and operating
transfers out
S(1�
(653,630)
SS 356,223
351,686
Fund balance at beginning of year
1,630,971
1,276,300
Adjustment to reserve for
fuel inventory
(35,592
2.985
Fund balance at end of year
$ 941,749
ff 1,6
66
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
LAND SALES
STATEMENT OF REVENUES EXPENDITURES TRANSFERS AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
' YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Revenues:
State Sources - Grants
Land sale proceeds
Licenses, permits, fees
and other local revenues:
Penalty and interest
Permit fees
Gravel sales
Other
Investment income
Total revenues
Expenditures:
Professional services
Support goods & services
Capital Outlay
Total expenditures
Excess of revenues
over expenditures
Operating transfers out
Excess (deficiency) of revenues
over expenditures and
operating transfers out
Fund balance at beginning
of year
Fund balance at end of year
EXHIBIT B -14
4.795
50.000 39.309 10.691 64.777
329.200 814.858 485.658 497.917
(1.301.730 (1.301.730 - (313.790
$ (972.530 (486,872) $485,658 184,127
2.040.768 1.856.641
$ 1.553.896 $2.040.768
67
1991
Variance -
Favorable
1990
Budget
Actual
(Unfavorable)
Actual
$ -
$ -
$ -
$ (21,980)
211,500
581,519
370,019
370,886
200
-
(200)
200
-
-
-
10,000
55,000
131,814
76,814
55,358
-
-
100
266,700
713,333
446,633
414,564
112.500
140.834
28.334
148.130
379.200
854.167
474.967
562.694
-
10,979
(10,979)
19,556
50,000
28,330
21,670
40,426
4.795
50.000 39.309 10.691 64.777
329.200 814.858 485.658 497.917
(1.301.730 (1.301.730 - (313.790
$ (972.530 (486,872) $485,658 184,127
2.040.768 1.856.641
$ 1.553.896 $2.040.768
67
EXHIBIT B -15
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, 1991
WITH COMPARATIVE TOTALS FOR 1990
68
1991
Variance -
Favorable
1990
Budget
Actual
(Unfavorable)
Actual
Revenues:
Investments and property:
Rental
$ 265,880
$ 274,025
$ 8,145
$ 277,466
Interest income
7,500
24,058
16,558
15,357
Miscellaneous income
560
560
Total revenues
273.380
298.643
25.263
292.823
Expenditures:
General administration:
School buildings
403,800
340,973
62,827
315,408
Borough building
252,000
245,312
6,688
248,967
Apartments
32,200
9,429
22,771
18,811
Refuse collection
and disposal
15,000
19,858
(4,858)
15,015
Parks operation
and maintenance
14.000
14.457
(457
19.199
Total expenditures
717.000
630.029
86.971
617.400
Deficiency of revenues over
expenditures
(443.620
(331.386
112.234
(324.577
Operating transfers in
460.000
460.000
-
450.000
Excess of revenues and operating
transfers in over expenditures
$ 16.380
128,614
$112,234
125,423
Fund balance at beginning of year
262.442
137.019
Fund balance at end of year
$ 391,056
262,442
68
1
1
1
1
1
1
1
1
1
1
1
1
1
1
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
WOODLAND ACRES LIGHTING
STATEMENT OF REVENUES. EXPENDITURES. AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1991
1991
Revenues:
Property and taxes
State sources - shared revenue
Total revenues
Expenditures:
Electricity
Capital outlay
Total expenditures
Excess of revenues over expenditures
Fund balance at beginning of year
Fund balance at end of year
69
EXHIBIT B -16
Variance -
Favorable
Budget Actual (Unfavorable)
$7,380 $7,323 $ (57)
7.380 7.323 (57
3,000
4.380
7.380
1,772
4.380
6.152
1,171
1,228
$ 1,171
1.228
$ 1,171
EXHIBIT B-17
KODIAK ISLAND BOROUGH
SPECIAL REVENUE FUNDS
OIL SPILL CLEANUP
STATEMENT OF REVENUES. EXPENDITURES, AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
PROJECT TO DATE
JUNE 30, 1991
70
Project
Project
Project
Variance -
to date
to Date
1991
to Date
Favorable
Budget
1990
Actual
1991
(Unfavorable)
Revenues:
Exxon Reimbursements
$2,000,000
(1,200,151
S -
(1,200,151
t (799,849)
State sources
Department of Environmental
Conservation Grants
2,560,000
1,843,030
428,754
2,271,784
(288,216)
Department of Community and Regional
Affairs grants
13,600
13,600
-
13,600
-
Other sources
-
2,630
40
2,670
2,670
Total revenges
4,573,600
3,059,411
428,794
3,488,205
(1,085,395
Expenditures:
Personal services
555,170
451,431
81,106
532,537
22,633
Fringe benefits
9,330
59,276
9,749
69,025
(59,695)
Support goods and services
2,062,600
1,439,360
111,898
1,551,258
511,342
Capital outlay
-
29,313
1,060
30,373
(30,373)
Legal fees
10,000
102,068
67,738
169,806
(159,806)
Disbursements to villages
1,936,500
977,963
138,438
1,116,401
820,099
Total expenditures
4,573,600
3,059,411
409,989
3,469,400
1,104,200
Excess of revenues over expenditures
S -
-
18,805
18,805
S
Fund balance at beginning year
-
-
Fund balance at end of year
S -
SS 18,805
S 18,805
70
DEBT SERVICE FUND
These funds were established to finance and account for the payment of interest and
principal on all general obligation debt, serial and term, other than that payable
exclusively from special assessments and revenue debt issued for and serviced by a
governmental enterprise. Formerly called a Sinking Fund.
SCHOOL BONDS DEBT SERVICE FUND
This fund accounts for the accumulation of money for payment of principal, interest
and fiscal agent fees related to serial bond debt incurred by the Borough to
construct schools.
OTHER DEBT SERVICE FUND
This fund accounts for the accumulation of money to pay the long -term portion of the
Borough's vested accrued annual leave.
EXHIBIT C -1
KODIAK ISLAND BOROUGH
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Totals
School Bonds Other 1991 1990
ASSETS
Cash and investments:
Equity in central treasury
$ 340,998
$167,878 $ 508,876
$ 151,675
Temporary cash investments
6,508,945
- 6,508,945
6,846,042
Cash with fiscal agent
110,285
- 110,285
397,585
Receivable from State of Alaska
239,782
- 239,782
168,270
Accrued interest receivable
114,751
- 114,751
91,344
S7,314.761 S167,878 S7,482.639 S7,6
LIABILITIES AND FUND BALANCES
Accounts payable $ 7,031 $ - $ 7,031 $ 1,260
Due to other funds - - - 818,236
7,031 - 7,031 819,496
Fund Balances
Unreserved -
Designated for subsequent year
expenditures 7,307,730 167,878 7,475,608 6,835,420
Fund balances S7,314,761 S167,878 S7,4� S7,654,916
72
KODIAK ISLAND BOROUGH
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND
CHANGES IN FUND BALANCE
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Revenues:
Investments and property -
Interest income
Gain on exchange
Miscellaneous
Total revenues
Expenditures - debt service:
Principal
Interest
Fiscal agent fees
Other
Total expenditures
Deficiency of revenues over
expenditures
Operating transfers in:
General Fund
Special Revenue Funds:
Mental Health Center
Education
Fire Service District Area 1
Total operating transfers in
Operating transfers out:
Special Revenue Fund:
Fire Service District Area 1
Capital Projects Funds
Total operating transfers out
Net operating transfers
Excess of revenues and
operating transfers in over
expenditures and operating
transfers out
Fund balances at beginning of year
Fund balances at end of year
EXHIBIT C -2
73
Totals
School Bonds
Other
1991
1990
S 472,101
S -
S 472,101
S 455,201
-
-
-
33,246
-
-
2.321
472.101
-
472,101
490.768
1,595,833
-
1,595,833
2,260,839
947,381
-
947,381
909,334
71,974
-
71,974
54,086
46
-
46
15.163
2,615,234
-
2,615.234
3.239.416
(2.143.133
-
(2,143,133
(2.748,648
-
326
326
9,102
-
16,562
16,562
4,026
4,507,348
-
4,507,348
3,623,144
2.067
4.507.348
16,888
4,524,236
3,638.339
-
685
685
-
1.740,230
-
1.740.230
-
1.740,230
685
1.740.915
-
2.767,118
16.203
2,783.321
3.638.339
623,985
16,203
640,188
889,691
6.683,745
151.675
6,835.420
5.945.729
S 7,307,730
$167,878
SS 7�
S 6,835 420
73
EXHIBIT C -3
KODIAK ISLAND BOROUGH
DEBT SERVICE FUNDS
SCHOOL BONDS
STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Revenues:
Investments and property -
Interest income
Gain on exchange
Miscellaneous
Total revenues
Expenditures:
Debt service -
Principal
Interest
Fiscal agent fees
Other
Contingencies
Total expenditures
Deficiency of revenues over
expenditures
Operating transfers in
Operating transfers out
Net operating
transfers
Excess (deficiency) of
revenues and operating
transfers in over expendi-
tures and operating
transfers out
Fund balance at beginning
of year
Fund balance at end of year
1991
variance -
Favorable 1990
Budaet Actual (Unfavorable) Actual
$ 375,000 $ 472,101 $ 97,101 $ 455,201
- - - 33,246
2,321
375,000 472,101 97,101 490,768
1,595,840
1,595,833
7
2,260,833
1,093,000
947,381
145,619
909,334
100,000
71,974
28,026
54,086
-
46
(46)
15,163
211,160
-
211,160
3,000,000
2,615,234
384,766
3,239,416
(2,625,000
(2,143,133
481,867
(2,748,648
3,840,000
4,507,348
667,348
3,623,144
(1,740,230
(1,740,230
-
-
2,099,770
2,767,118
667,348
3,623,144
S (525,230 623,985 S1,1
6,683,745
S 7,307,730
874,496
5,809,249
S 6,683,745
74
75
EXHIBIT C -4
KODIAK ISLAND
BOROUGH
DEBT SERVICE
FUNDS
OTHER
STATEMENT OF
REVENUES EXPENDITURES
TRANSFERS AND
CHANGES IN FUND BALANCE -
BUDGET AND
ACTUAL
YEAR ENDED JUNE
30, 1991
WITH COMPARATIVE TOTALS FOR
1990
1991
Variance -
Favorable
1990
Budaet
Actual
(Unfavorable)
Actual
Operating transfers in:
General fund
$ 8,000
$ 326
$(7,674)
$ 9,102
Special revenue funds:
Mental Health Center
6,000
16,562
10,562
4,026
Fire Service District Area
1 1,000
-
(1,000
2,067
Total operating
transfers in
15,000
16,888
1,888
15,195
Operating transfers out:
Special revenues funds:
Fire Service District Area
1 -
685
(685
-
Total operating
transfers out
-
685
(685
-
Net operating transfers
S15,000
16,203
S 1,203
15,195
Fund balance at the beginning
of year
151,675
136,480
Fund balance at the end of year
S167,878
S151,675
75
CAPITAL PROJECTS FUNDS
This fund was created to account for all resources used for the acquisition of
designated fixed assets by a governmental unit except those financed by special
assessment and enterprise funds.
VARIOUS BOROUGH PROJECTS
This fund accounts for a variety of capital projects not accounted for in another
fund, including projects financed by the State of Alaska Municipal Aid Program.
SCHOOL BOND IMPROVEMENTS
This fund accounts for the proceeds of the Borough general obligation bonds issued
for the construction of schools.
SCHOOL EQUIPMENT AND FURNISHINGS
This fund accounts for money transferred to the Kodiak Island Borough School
District from other Capital Projects Funds for the acquisition of school equipment
and furnishings.
STATE CAPITAL GRANTS
This fund accounts for capital grant monies received from the State of Alaska for
the construction of various projects.
SCHOOL MAJOR MAINTENANCE
This fund accounts for money transferred from the Land Sales Fund for the major
repairs and maintenance of school buildings.
KODIAK ISLAND BOROUGH
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEET
JUNE 30.1991
WITH COMPARATIVE TOTALS FOR 1990
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts Payable $ 26,087 $ -
Retainages payable 13,206 -
Deferred revenues
Total liabilities 39.293
Fund balances:
Reserved for encumbrances 657,793 -
Unreserved -
Designated for subsequent
year expenditures 1,426,538 -
Undesignated - 412.530
Total fund balances (deficit) 2.084.331 412.530
$2.123.624 $412,530
78
Various
Borough
School Bond
Projects
Improvements
ASSETS
Equity in central treasury
$ 1,234
$210,530
Temporary investments
1,959,097
200,000
Receivables:
State of Alaska
-
-
Accrued interest
28,293
2,000
Due from other funds
135.000
$2.123.624
S412.530
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts Payable $ 26,087 $ -
Retainages payable 13,206 -
Deferred revenues
Total liabilities 39.293
Fund balances:
Reserved for encumbrances 657,793 -
Unreserved -
Designated for subsequent
year expenditures 1,426,538 -
Undesignated - 412.530
Total fund balances (deficit) 2.084.331 412.530
$2.123.624 $412,530
78
EXHIBIT D -1
School
Equipment
State
School
Totals
and
Capital
Major
Furnishings
Grants
Maintenance
1991
1990
$ -
$115,338
$ 85,701
$ 412,803
$1,107,488
-
391,463
1,476,317
4,026,877
969,187
-
12,889
-
12,889
89,147
-
7,026
10,049
47,368
16,987
17.670
-
-
152.670
1.063.768
$ 17,670
$526,716
$1,5 72,067
$4,6�,607
$3,2
$ 7,161
$ 199
$ -
$ 33,447
$ 2,033
-
10,964
-
24,170
2,622
-
542.572
-
542.572
608,266
7.161
553.735
-
600.189
612.921
-
51,650
-
709,443
94,028
-
-
-
1,426,538
1,606,510
10.509
(78,669
1.572.067
1.916.437
933.118
10,509
(27.019
1,572.067
4,052.418
2.633.656
$ 17,670
$526,716
$1,572,067
$4,652 7
$3,246
79
KODIAK ISLAND BOROUGH
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES. EXPENDITURES, TRANSFERS AND
CHANGES IN FUND BALANCES (DEFICITS)
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
80
Various
Borough
School Bond
Projects
Improvements
Revenues:
State sources
$ -
$ -
Licenses, permits, fees and
other local revenues
5,072
-
Investments and property
129,401
13,301
Insurance proceeds
10,612
-
Asbestos settlement
216,710
-
Total revenues
361,795
13,301
Expenditures:
Capital improvements:
Schools
974,473
2,180
General
873,059
-
Total expenditures
1,847,532
2,180
Excess (deficiency) of revenues
over expenditures
(1,485,737
11,121
Other financing sources (uses):
Demand bond principal payments
-
-
Operating transfers in
2,368,730
400,000
Operating transfers out
(440,000
(100,000
Net other financing sources
1,928,730
300,000
Excess (deficiency) of revenues and other
financing sources over expenditures and
other financing uses
442,993
311,121
Fund balances (deficit) at beginning of year
1,641,338
101,409
Fund balances (deficit) at end of year
$ 2,084,331
$ 41_
80
EXHIBIT D -2
School
Equipment
State
School
Totals
and
Capital
Major
Furnishines
Grants
Maintenance
1991
1990
$ -
$ 266,774
$ -
$ 266,774
$ 663,230
20,000
-
-
25,072
-
-
7,026
86,880
236,608
281,377
-
-
-
10,612
-
-
-
-
216,710
8,316
20,000
273,800
86,880
755,776
952,923
27,188
34,715
-
1,038,556
707,827
-
294,129
-
1,167,188
208,829
27,188
328,844
-
2,205,744
916,656
(7,188
(55,044
86,880
(1,449,968
36,267
-
-
-
-
550,000
-
340,000
500,000
3,608,730
1,015,500
-
-
(200,000
(740,000
(820,500
-
340,000
300,000
2,868,730
745,000
(7,188)
284,956
386,880
1,418,762
781,267
17,697
_(311,975
1,185,187
2,633,656
1,852,389
10,509
(27,019)
$1,5i2.067
$ 4,052,418
$2,6�3.656
81
KODIAK ISLAND BOROUGH
CAPITAL PROJECTS FUNDS
SCHEDULE OF CAPITAL PROJECTS
YEAR ENDED JUNE 30, 1991
AwroDriations
82
Total
Proiect
Status
Prior
1991
Awrooriations
Capital Projects - Education
410 -404 Work of Art - Auditorium
Open
S 33,090
i -
S 33,090
410 -405 Roof, East Elementary
Complete
400,000
-
400,000
410 -408 Painting, Akhiok School
Complete
25,500
(7,500)
18,000
410 -409 Painting, Chiniak School
Complete
20,000
(3,096)
16,904
410 -410 Painting, Karluk School
Complete
25,000
(6,954)
18,046
410 -415 Asbestos Removal Program
Open
75,000
-
75,000
410 -416 Kodiak High School Lockers
Complete
105,000
-
105,000
410 -417 School Pedestrian Project
Open
-
92,000
92,000
410 -421 School Site Acquisition
open
400,000
-
400,000
410 -422 School Improvements - Various
Complete
20,000
(15,232)
4,768
410 -431 East Elementary Repair
Open
-
50,000
50,000
410 -432 East Elementary Lighting
Open
-
30,000
30,000
410-433 East Elementary Storm Drain
Open
-
20,000
20,000
410 -434 Junior High Steps Repair
Open
-
12,000
12,000
410-435 Main Sidewalk Repair
open
-
15,000
15,000
410 -436 Ouzinkie Roof Repair
Open
-
65,000
65,000
410 -437 Port Lions Shop Porch
Open
-
30,000
30,000
410 -438 Port Lions Paint
open
-
25,000
25,000
410 -441 Old Harbor School Repair
open
-
525,000
525,000
410 -442 High School Alterations
Open
-
475,000
475,000
420 -501 Peterson Elementary
open
509,860
-
509,860
420 -502 Old Harbor School Fencing
Open
20,000
-
20,000
420-503 Landscaping - Port Lions
Open
15,000
-
15,000
430 -603 School Pedestrian Project
Complete
34,701
34.701
Total Education
1,683.151
1.306,218
2.989,369
Capital Projects - Health
410-401 KIB (KAMA) Apartments
Complete
18,000
(4,232)
13,768
410-402 Hospital Construction
Open
123,810
-
123,810
410 -403 Exterior Painting Apartments
Complete
-
33,874
33,874
410 -420 Cat Scan Installation
Complete
-
135,000
135,000
410 -428 Hospital Oil Spill
Open
-
100,000
100,000
430 -605 Hospital Design & Development
Open
1,000.000
1,000.000
Total Health
1.141.810
264,642
1.406,452
Capital Projects - Roads
410 -412 Rezanof Overlay
Open
-
295,000
295,000
410 -418 Chiniak Subdivision
Open
389,770
-
389,770
430 -601 Lakeside Improvement
Open
2,584,840
(1,801,250)
783,590
430 -602 Sharatin Road
open
715.300
76.020
791,320
Total Roads
3.689,910
(1,430,230)
2,259,680
Capital Projects - Other
410 -406 Smokey's Clean Up
open
42,000
-
42,000
410 -411 Lilly Lake Landscaping
Complete
-
7,780
7,780
410 -413 ouzinkie Breakwater
Complete
-
12,000
12,000
410 -414 Fish Meal Program
Complete
-
35,000
35,000
410 -419 King Crab - RFP
open
56,000
-
56,000
410 -423 Drainage Plan Air Photos
Open
25,000
6,050
31,050
410 -424 Water & Sewer, Women's Bay
Open
100,000
-
100,000
410 -425 Dumpster Pads
Open
44,500
-
44,500
410-426 Parks Expansion
Open
40,000
-
40,000
410 -427 New Computer Acquisition
Open
-
540,500
540,500
410 -429 New Parks
Open
-
40,000
40,000
410 -430 Smokey's Fence
open
-
50,000
50,000
410 -439 Borough Offices Paint
Open
-
15,000
15,000
410-440 Borough Buildings Paint
Open
-
60,000
60,000
430 -604 Water & Sewer, Moneshka Bay
Open
100,000
-
100,000
430-606 Ouzinkie Breakwater
Open
-
18,000
18,000
430 -615 LEPC Grant
Open
-
9.300
9.300
Total Other
407.500
793.630
1,201,130
Total Capital Projects
$6,922 371
L 34 60
$7,8
82
EXHIBIT D -3
83
Expenditures
Total
Unexpended
Current
Unencumbered
Prior
1991
Expenditures
Balance
Encumbrances
Balance
S -
S 4,500
S 4,500
S 28,590
S -
S 28,590
455
385,797
386,252
13,748
-
13,748
867
17,133
18,000
-
-
-
462
16,442
16,904
832
25,952
17,214
16,437
18,046
42,389
32,611
-
_
32,611
5,343
96,626
101,969
3,031
-
3,031
-
91,566
91,566
434
2,788
(2,354)
1,290
219,391
220,681
179,319
-
179,319
3,888
-
880
-
4,768
-
-
50,000
-
-
50,000
-
1,200
1,200
28,800
1,200
27,600
_
-
-
20,000
-
20,000
_
-
-
12,000
-
12,000
_
-
-
15,000
-
15,000
-
1,102
1,102
63,898
2,999
60,899
_
702
702
29,298
2,689
26,609
-
153
153
24,847
-
24,847
-
51,720
51,720
473,280
262,395
210,885
-
50,577
50,577
424,423
365,481
58,942
26,404
1,460
27,864
481,996
-
481,996
-
719
719
19,281
-
19,281
872
-
872
14,128
-
14,128
836
33.879
34,715
(14
-
(14
67,201
1,007.498
1,074,699
1.914,670
637.552
1,277.118
13,300
468
13,768
-
-
_
-
-
123,810
-
123,810
-
33,874
33,874
-
-
-
135,792
135,792
(792)
-
(792)
-
73,364
73,364
26,636
-
26,636
918,702
21.863
940.565
59.435
50.800
8.635
932.002
265.361
1,197,363
209.089
50.800
158.289
_
-
-
295,000
-
295,000
236,917
7,215
244,132
145,638
-
145,638
435,840
82,947
518,787
264,803
-
264,803
12.072
15,719
27.791
763.529
-
763.529
684,829
105.881
790.710
1,468.970
1.468.970
28,179
-
28,179
13,821
-
13,821
-
7,780
7,780
"
-
3,000
3,000
9,000
-
9,000
35,000
35,000
-
'
21,572
28,214
49,786
6,214
16,801
(10,587)
20,412
20,412
10,638
-
10,638
2,520
98,902
101,422
(1,422)
-
(1,422)
3,068
7,050
10,118
34,382
-
34,382
1,517
27,706
29,223
10,777
330
10,447
-
522,463
522,463
18,037
2,763
15,274
•
1,022
1,022
38,978
347
38,631
_
-
-
50,000
-
50,000
.
77
77
14,923
-
14,923
-
T7
77
59,923
-
59,923
2,351
107,559
109,910
(9,910)
-
(9,910)
-
18,000
18,000
-
-
-
2.544
2.544
6 ,75 6
850
5.906
59,207
879.806
939.013
262.117
21,091
241,026
$1 743 239
52,25 8,546
$4,001,785
$3,854,846
$709, "3
$3,1
45 .403
83
ENTERPRISE FUNDS
' These funds were established to finance and account for the acquisition, operation
and maintenance of governmental facilities and services which are entirely or
' predominantly self- supporting by user charges.
SANITARY SERVICES FUND
' This fund accounts for all activity of the Borough owned sanitary landfill and
garbage collection utility.
WATER ENTERPRISE FUND
This fund accounts for all activity of the Borough owned and operated water utility.
SEWER ENTERPRISE FUND
This fund accounts for all activity of the Borough owned and operated sewer utility.
HOSPITAL ENTERPRISE FUND
This fund accounts for all activity of the Kodiak Island Hospital & Care Center.
The Hospital is a component unit of the Kodiak Island Borough. The Hospital is
operated on behalf of the Borough by the Lutheran Health Systems Management Company.
KODIAK ISLAND BOROUGH
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1991 (DECEMBER 31, 1990 FOR HOSPITAL)
WITH COMPARATIVE TOTALS FOR JUNE 30, 1990 (DECEMBER 31, 1989 FOR HOSPITAL)
J
i
86 '
ASSETS
,
Totals
Sanitary
Water
Sewer
Services
Utility
Utility
Hospital
1991
1990
Current assets:
Equity in central treasury
S 91,585
S 57,635
S 65,106
S -
S 214,326
S 364,879
Temporary investments
-
250,000
-
-
250,000
-
Other cash and cash equivalents
-
-
-
1,099,788
1,099,788
2,370,163
91,585
307,635
65,106
99
1,0,788
1,564,114
2,735,042
Receivables:
Customers and patients
19,360
20,761
52,981
2,439,651
2,532,753
1,731,974
City of Kodiak
-
-
-
-
-
48,394
Third party patient payors
-
-
-
47,644
47,644
25,000
'
Other
-
8,277
-
-
8,277
-
19,360
29,038
52,981
2,487,295
2,588,674
1,805,368
Less allowance for
doubtful receivables
-
(6,902
(19,663 (706,000
(732,565
(376,564
Net receivables
19,360
22,136
33,318
1,781,295
1,856,109
1,428,804
Prepaid expenses
-
-
-
28,206
28,206
14,455
'
Inventories
-
-
-
190,918
190,918
213,502
Total current assets
110,945
329,771
98,424
3,100,207
3,639,347
4,391,803
Assets whose use is limited:
'
By Borough
-
-
-
658,377
658,377
767,567
Under malpractice funding
arrangement -held by trustee
-
-
-
257,990
257,990
-
By donor for purchase of equipment
-
-
-
73,376
73,376
Equity in central treasury
-
16,973
16,973
-
33,946
20,160
Temporary investments
-
250,000
250,000
-
500,000
481,556
Interest receivable
-
8,278
8,278
-
16,556
15,794
Total restricted assets
-
275,251
275,251
989,743
1,540,245
1,285,077
Deposit on capital lease
-
-
-
67,976
67,976
-
Fixed assets:
Unclassified utility plant
'
in service
2,332,173
5,671,796
9,870,603
-
17,874,572
17,874,572
Hospital building and
fixed equipment
-
-
-
4,219,590
4,219,590
4,155,302
Major moveable equipment
243,970
-
-
1,832,104
2,076,074
1,854,628
,
Land
-
-
-
40,276
40,276
38,551
2,576,143
5,671,796
9,870,603
6,091,970
24,210,512
23,923,053
Less accumulated depreciation
(282,482
(755,441
(1,093,935
(2,716,024
(4,847,882
(4,132,709
'
2,293,661
4,916,355
8,776,668
3,375,946
19,362,630
19,790,344
Construction work in progress
-
16,196
16,199
-
32,395
31,410
Net fixed assets
2,293,661
4,932,551
8,792,867
3,375,946
19,395,025
19,821,754
'
$2,4
$5,537,573
S 9,166,542
SS 7,5�
$24,642,593
$25,498,634
J
i
86 '
KODIAK ISLAND BOROUGH
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
JUNE 30 1991 (DECEMBER 31, 1990 FOR HOSPITAL)
WITH COMPARATIVE TOTALS FOR JUNE 30 1990 (DECEMBER 31, 1989 FOR HOSP
Current Liabilities:
Accounts payable
Customer deposits
Accrued compensation
Other accrued liabilities
Current portion of capital
Lease obligation
Capital lease obligation
Total liabilities
Fund equities:
Contributions in aid
of construction:
City of Kodiak
State of Alaska
Federal Government
Kodiak Island Borough
Accumulated amortization
Net contributions in
aid of construction
Retained earnings:
Urdes i gnated
Total fund equities
I I
L
EXHIBIT E-1
LIABILITIES AND FUND EQUITIES
Totals
Sanitary Water Sewer
Services Utility Utility Hospital 1991 1990
S 82,270
S 87,157
S 20
S 219,954
S 410,366
S 340,198
700
33,484
9.145,557
6,167,879
34,184
14,441
9,992
-
-
276,421
286,413
346,176
-
-
-
730,464
730,464
21,613
-
-
-
24,922
24,922
92,962
120,641
20,985
1,251,761
1,486,349
722,428
-
-
-
114,232
114,232
92,962
120,641
20,985
1,365,993
1,600,581
722,428
-
189,166
40,000
-
229,166
229,166
2,412,453
5,482,630
9,630,603
-
17,525,666
17,525,666
-
-
200,000
2,237,104
2,437,104
2,437,104
1,451.544
1,451,544
1,451,544
2,412,453
5,671,796
9,870,603
3,688
21,643,500
21,643,500
(278,010
(755,401
(1,093,817
-
(2,127,228
(1,744,189
2,134,443 4,916,395 8,776,786 3,688,648 19,516,272 19,899,311
177,201
500,537
368,771
2,479,231
3,525,740
4,876,895
2,311,644
5,416,932
9.145,557
6,167,879
23,042,012
24,776,206
$2S2 404,606
55,537,573
S 9,166 542
$7,533,872
524 593
$25498,634
87
EXHIBIT E-2
KODIAK ISLAND BOROUGH
ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUES. EXPENSES, TRANSFERS AND
CHANGES IN RETAINED EARNINGS
YEAR ENDED JUNE 30. 1991 (DECEMBER 31. 1990 FOR HOSPITAL)
WITH COMPARATIVE TOTALS FOR 1990 (1989 FOR HOSPITAL)
Total revenues
Operating expenses:
Personnel services
Waste collection
Purchased water and sewer treatment
Contracted services
Repairs and maintenance
Depreciation
Installation costs
Professional care of patients
Dietary
Plant operations and household
General administrative
Other
Total operating expenses
Operating loss
Other income:
Interest income (expense)
Other, primarily State of
Alaska revenue sharing
Loss on disposal of equipment
Donor restricted gifts
1.474.319
225.240
267.984
6.557,481
8.525.024
Totals
,
Sanitary
Water
Sewer
17,351
-
334,234
221,966
Services
Utility
Utility
Hospital
1991
1990
Revenues:
167,002
188,194
-
355,196
297,243
8,170
Water sales
f -
f 208,129
f -
f - f
208,129
f 191,450
Sewer service charges
-
-
265,031
-
265,031
234,935
Refuse collection
1
-
-
-
1,199,782
945,714
Sanitary services user fees
265,624
-
-
-
265,624
227,933
Patient revenues
-
-
-
6,420,280
6,420,280
5,945,858
Installation charges
-
6,335
30
-
6,365
7,117
Other
8,913
10.776
2.923
137.201
159.813
139.302
Total revenues
Operating expenses:
Personnel services
Waste collection
Purchased water and sewer treatment
Contracted services
Repairs and maintenance
Depreciation
Installation costs
Professional care of patients
Dietary
Plant operations and household
General administrative
Other
Total operating expenses
Operating loss
Other income:
Interest income (expense)
Other, primarily State of
Alaska revenue sharing
Loss on disposal of equipment
Donor restricted gifts
1.474.319
225.240
267.984
6.557,481
8.525.024
7,692.309
,
Increase (decrease) in retained
294,916
21,967
17,351
-
334,234
221,966
1,005,841
-
-
-
1,005,841
887,439
-
167,002
188,194
-
355,196
297,243
8,170
7,593
-
-
15,763
23,465
43,036
32,312
21,730
-
97,078
54,152
77,923
109,653
196,612
339,388
723,576
696,787
-
67,680
-
-
67,680
-
-
-
-
3,374,139
3,374,139
3,379,435
-
-
-
458,360
458,360
-
-
-
-
718,356
718,356
618,580
99,401
1,999
-
2,773,870
2,875,270
2,592,648
-
400
21.098
669.891
691.389
450.020
1.529.287
408.606
444.985
8.334,004
10.716.882
9.221.735
(54.968
(183.366
(177.001
(2,191.858
(1.529.426
(113) 32,398
(113 32,398
Loss before operating transfers (55,081) (150,968)
Operating transfers in (out) (10,000
Net loss (65,081) (150,968)
16,862 191,745 240,892 329,737
- 134,460 134,460 93,335
- (938) (938) -
- 93.249 93.249 -
16,862 418.516 467,663 423.072
(160,139) (1,358,007) (1,724,195) (1,106,354)
(10.000 73.000
(160,139) (1,358,007) (1,734,195) (1,033,354)
Amortization of contributions
in aid of construction
76,805
109.645
196.590
- 383.040
383.040
,
Increase (decrease) in retained
earnings
11,724
(41,323)
36,451
(1,358,007) (1,351,155)
(650,314)
Retained earnings at beginning of year
165.477
541.860
332,320
3.837,238 4.876.895
5.527.209
Retained earnings at end of year f
177,201
S 500.537
f 368.771
f 2.47 f 3,525.740
$4.876.895
88 1
KODIAK ISLAND BOROUGH
ENTERPRISE FUNDS
COMBINING STATEMENT OF CASH FLOWS
YEAR ENDED JUNE 30, 1991 (DECEMBER 31, 1990 FOR HOSPITAL)
WITH COMPARATIVE TOTALS FOR 1990 (1989 FOR HOSPITAL)
EXHIBIT E-3
Totals
Sanitary Water Sewer
Services Utility Utility Hospital 1991 1990
operating loss S (54,968 5(183,366 S077,001 51.776.523 5(2.191.858 1(1.529,426
Adjustments to reconcile operating
339,388
loss to net cash provided by operating
696,787
activities:
356,000
Depreciation
77,923 109,653
Change in provision for uncollectible accounts
- -
Changes in assets and liabilities:
383,911
Accounts receivable -
48,394
Customers and patients
(10,861) (7,359)
City of Kodiak
(47,644)
Third party patient payors
- -
Prepaid expenses
(13,751)
Inventories at cost
- -
Accounts payable
44,816 75,479
Due to other funds
-
Customer deposits
700 19,043
Accrued compensation
7,014 -
Other accrued liabilities
-
Total adjustments
119,592 196,816
Net cash provided by (used for)
-
operating activities
64,624 13,450
Cash flows from noncapital financing activities:
(66,777)
State of Alaska, Revenue Sharing payments
(966)
received
- -
Operating transfers (out to) in from other funds
1( 0,000 -
Net cash provided by (used for)
5 09,490
noncapital financing activities
1( 0,000 -
Cash flows from capital and related financing
activities:
Acquisition and construction of capital assets
- (506)
Net repayments on interfund capital - related
expenditures
- -
Receipt of gifts restricted by donor for
capital purchases
- -
Proceeds from sale of equipment
- -
Principal payments made on capital Lease
- -
Deposit made on capital lease
- -
Net cash used for capital and
196,612
339,388
723,576
696,787
-
356,000
356,000
(82,718)
(13,490)
(777,346)
(809,056)
383,911
-
48,394
48,394
103,749
-
(47,644)
(47,644)
(21,394)
-
(13,751)
(13,751)
86,244
-
22,584
22,584
(22,619)
10,081
(60,209)
70,167
211,351
-
-
-
(10,525)
-
-
19,743
2,786
-
(66,777)
(59,763)
(966)
-
708,851
708,851
638
193.203
5 09,490
1,019,101
1,347,244
16,202 (1,267,033 (1,172,757 (182,182
159,460 159,460 109,460
(10,000 73,000
- 159,460 149,460 182,460
(477) (145,159) (146,142) (274,423)
(6,055)
93,249 93,249 11,616
- - 35,187
(12,485) (12,485)
(67,976 (67,976
related financing activities - (506 (477 (132,371 (133,354 (233.675
Cash flows from investing activities:
109,190
109,190
Change in assets whose use is limited:
-
(257,990)
By Borough
-
-
Under malpractice funding arrangement
-
-
By donor for specific purpose
191,745
-
interest and dividends paid on investments
(113
32,017
Net cash provided by investing
194,350
32,205
activities
(113
32.017
Net change in cash and cash
2,370,163
3,236,758
equivalents
54,511
44,961
Cash and cash equivalents at
beginning of year
37,074
529,647
Cash and cash equivalents at end
of year
S 985
S 574,608
-
109,190
109,190
(128,909)
-
(257,990)
(257,990)
-
-
(73,376)
(73,376)
-
16,480
191,745
240,129
323,259
16,480
(30,431
17,953
194,350
32,205
(1,270,375)
(1,138,698)
(39,047)
299,874
2,370,163
3,236,758
3,275,805
S 332,079 55 1� SS 2 ,098,060 S 3,236,758
89
EXHIBIT E -4
KODIAK ISLAND BOROUGH
SANITARY SERVICES ENTERPRISE FUND
BALANCE SHEET
JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
ASSETS
1991
1990
Current assets:
Equity in central treasury
$ 91,585
$ 37,074
Customer receivables
19.360
8.499
Total current assets
110.945
45.573
Fixed assets:
Unclassified plant in service
2,332,173
2,332,173
Major movable equipment
243.970
243.970
2,576,143
2,576,143
Less accumulated depreciation
(282.482
(204.559
Net fixed assets
2.293.661
2.371.584
$2,4�606
$2.4 -_
LIABILITIES AND FUND EQUITY
Liabilities:
Current liabilities:
Accounts payable
$ 82
$ 37,454
Customer deposits
700
-
Accrued compensation
9.992
2.978
Total current liabilities
92.962
40.432
Fund equity:
Contributions in aid of construction:
State of Alaska
2,412,453
2,412,453
Accumulated amortization
_(278.010
(201.205
Net contributions in aid of construction
2,134,443
2,211,248
Retaiued earnings, undesignated
177.201
165.477
Total fund equity
2.311.644
2.376.725
$2,4� 0�
$2.4
90
EXHIBIT E -5
KODIAK ISLAND BOROUGH
SANITARY SERVICES ENTERPRISE FUND
STATEMENT OF REVENUES EXPENSES TRANSFERS AND
CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Revenues:
Refuse collection
Sanitary services user fees
Other
Total revenues
Operating expenses:
Waste collection
Waste disposal:
Personal services
Contracted services
Support -goods and
services
Recycling effort
Repairs and maintenance
Depreciation
Total operating
expenses
Operating Loss
Other expense
Interest expense
Loss before operating
transfers
Operating transfer out
Net loss
Amortization of contributions
in aid of construction
Increase in retained earnings
Retained earnings at beginning
of year
Retained earnings at end of year
936,000 1,005,841 (69,841)
265,820
1991
(29,096)
31,000
8,170
22,830
Variance -
79,655
(7,405)
30,000
Favorable
1990
Budget
Actual
(Unfavorable)
Actual
77,923
$1,120,000
$1,199,782
$ 79,782
$ 945,714
250,370
265,624
15,254
227,933
6,000
8,913
2,913
7,468
1,376,370
1,474.319
97,949
1,181,115
936,000 1,005,841 (69,841)
265,820
294
(29,096)
31,000
8,170
22,830
72,250
79,655
(7,405)
30,000
19,746
10,254
27,000
43,036
(16,036)
14,300
77,923
(63,623
1,376,370
1,529,287
(152,917
-
(54,968)
(54,968)
887,439
176,863
23,465
80,647
1,546
28,463
77,923
1,276,346
(95,231)
113 (113
(55,081)
(10,000
(65,081)
(55,081)
(10,000
$( 65,081)
(95,231)
60,000
(35,231)
76,805
11,724
165,477
$ 1_ 7_,201
76,805
41,574
123,903
$ 1-
91
EXHIBIT E -6
KODIAK ISLAND BOROUGH
SANITARY SERVICES ENTERPRISE FUND
STATEMENT OF CASH FLOWS
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Operating loss
Adjustments to reconcile operating loss to net
cash provided by operating activities:
Depreciation
Changes in assets and liabilities:
Receivable from customers
Accounts payable
Customer deposits
Accrued compensation
Total adjustments
Net cash provided by (used for) operating
activities
Cash flows from noncapital financing activities:
Operating transfers in from (out to) other funds
Net cash provided by (used for)
noncapital financing activities
Cash flows from investing activities:
Interest and dividends paid on investments
Net cash used in investing activities
Net change in cash and cash equivalents
Cash and cash equivalents at beginning of
year
Cash and cash equivalents at end of year
1991 1990
$( 54,968) $(95,231)
77,923
77,923
(10,861)
3,102
44,816
(28,374)
700
-
7.014
(2.979
119.592
49.672
64.624 (45.559
(10.000 _ 60.000
(10,000 60.000
(113 -
(113 -
54,511 14,441
37.074 22.633
91,585 37,074
92
EXHIBIT E -7
KODIAK ISLAND BOROUGH
WATER ENTERPRISE FUND
BALANCE SHEET
JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
ASSETS
Current assets:
Equity in central treasury
Temporary investments
Investment interest receivable
Customer receivables
Less allowance for doubtful receivables
Net customer receivables
Total current assets
Restricted assets:
Equity in central treasury
Temporary investments
Interest receivable
Total restricted assets
Fixed assets:
Unclassified utility plant in service
Accumulated depreciation
Net utility plant in service
Construction work in progress
Net fixed assets
LIABILITIES AND FUND EQUITY
Liabilities:
Current liabilities:
Payable from current assets:
Accounts payable
Customer deposits
Total liabilities
Fund equity:
Contributions in aid of construction:
City of Kodiak
State of Alaska
Accumulated amortization
Net contributions in aid of construction
Retained earnings, undesignated
Total fund equity
1991 1990
$ 57,635 $ 278,789
250,000 -
8,277 -
20,761 21,679
(6,902 (6,901
13,859 14,778
329,771 293,567
16,973 10,080
250,000 240,778
8,278 7,897
275,251 258,755
5,671,796
(755,441
4,916,355
16,196
4,932,551
S5,5
5,671,796
(645,789
5,026,007
15,689
5,041,696
S5,594,018
$ 87,157
$ 11,678
33,484
14,441
120,641
26,119
189,166
189,166
5,482,630
5,482,630
5,671,796
5,671,796
(755,401
(645,757
4,916,395
5,026,039
500,537
541,860
5,416,932
5,567,899
55,537,573
S5,5
94
EXHIBIT E -8
KODIAK ISLAND BOROUGH
WATER ENTERPRISE FUND
STATEMENT OF REVENUES EXPENSES AND
CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
991
Revenues:
Water sales
Installation charges
Other
Total revenues
Operating expenses:
Personal services
Contracted installation
Purchased water
Repairs and maintenance
Depreciation
Other:
Advertising and hearings
Printing and binding
Automotive and travel
Office supplies and postage
Installation costs
Small tools
Total operating expenses
Operating loss
Other income:
Interest income
Net loss
Amortization of contributions
in aid of construction
Increase (decrease) in retained
earnings
Retained earnings at beginning
of year
Retained earnings at end of year
1990
Actual
$191,450
5,000
4.039
200.489
30,300
21,967
Variance
23,915
-
Favorable
Budget
Actual
(Unfavorable)
$190,000
$208,129
$ 18,129
5,000
6,335
1,335
1.000
10.776
9.776
196.000
225.240
29.240
1990
Actual
$191,450
5,000
4.039
200.489
30,300
21,967
8,333
23,915
-
7,593
(7,593)
-
100,000
167,002
(67,002)
157,727
30,000
32,312
(2,312)
3,834
36,100
109,653
(73,553)
109,653
100
173
(73)
-
500
310
190
-
_
9
1,500
1,516
(16)
1,151
2,500
67,680
(65,180)
-
5.000
400
4.600
-
206.000
408.606
(202.606
296,289
(10.000
(183,366
(173.366
(95,800
5.000
32.398
27.398
32.829
( 5,000)
(150,968)
$(14_5,9
(62,971)
109.645
109.645
(41,323)
46,674
541.860 495.186
$ 500,537 $541,860
95
EXHIBIT E -9
KODIAK ISLAND BOROUGH
WATER ENTERPRISE FUND
STATEMENT OF CASH FLOWS
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Operating loss
Adjustments to reconcile operating loss to net
cash provided by operating_ activities:
Depreciation
Change in provision for uncollectible accounts
Changes in assets and liabilities:
Receivable from customers
Receivable from State of Alaska
Accounts payable
Customer deposits
Total adjustments
Net cash provided by operating
activities
Cash flows from capital and related financing
activities:
Acquisition and construction of
capital assets
Repayments on interfund capital - related
expenditures
Net cash used for capital and related
financing activities
Cash flows from investing activities:
Interest and dividends paid on investments
Net cash provided by investing activities
Net change in cash and cash equivalents
Cash and cash equivalents at beginning of
year
Cash and cash equivalents at end of year
1991 1990
$(183.366 $ (95.800
109,653 109,653
2,260
(7,359) 7,791
75,479 (10,868)
19.043 2.786
196.816 111.622
13.450 15.822
(506) (3,568)
(3.028
(506 (6.596
32.017 29.590
32.017 29.590
44,961 38,816
529.647 490.831
$ 574,608 $529,647
96
KODIAK ISLAND BOROUGH
SEWER ENTERPRISE FUND
BALANCE SHEET
JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
ASSETS
Current assets:
Equity in central treasury
Customer receivables
Less allowance for doubtful receivables
Net customer receivables
Total current assets
Restricted assets:
Equity in central treasury
Temporary investments
Interest receivable
Total restricted assets
Fixed assets:
Unclassified utility plant in service
Accumulated depreciation
Net utility plant in service
Construction work in progress
Net fixed assets
LIABILITIES AND FUND EQUITY
Liabilities:
Current liabilities:
Payable from current assets:
Accounts payable
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, undesignated
Total fund equity
1991
$ 65,106
52,981
(19,663
33,318
98,424
16,973
250,000
8,278
275,251
9,870,603
(1,093,935
8,776,668
16,199
8,792,867
S9,1� 6�6,
S 20,985
20,985
40,000
9,630,603
200,000
9,870,603
(1,093,817
8,776,786
368,771
9,145 557
59.1
EXHIBIT E -10
1990
$ 49,016
39,491
(19,663
19,828
68,844
10,080
240,778
7,897
258,755
9,870,603
(897,323
8,973,280
15,721
8,989,001
$9,3
S 10,904
10,904
40,000
9,630,603
200.000
9,870,603
(897,227
8,973,376
332,320
9,305,696
S9,316
97
EXHIBIT E -11
KODIAK ISLAND BOROUGH
SEWER ENTERPRISE FUND
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Revenues:
Sewer service charges
Installation charges
Other
Total revenues
Operating expenses:
Personal services
Purchased sewer treatment
Repairs and maintenance
Depreciation
Other:
Operating supplies
Electric
Telephone
Advertising and hearings
Printing and binding
Automotive and travel
Office supplies and postage
Small tools
Total operating expenses
Operating loss
Other income:
Interest income
Net loss
Amortization of contributions
in aid of construction
Increase in retained earnings
Retained earnings at beginning
of year
Retained earnings at end of year
98
1991
Variance
Favorable
1990
Budoet
Actual
(Unfavorable)
Actual
$243,940
$ 265,031
$ 21,091
$ 234,935
5,000
30
(4,970)
2,117
700
2,923
2,223
2,009
249,640
267,984
18,344
239,061
27,000
17,351
9,649
21,188
160,000
188,194
(28,194)
139,516
28,500
21,730
6,770
21,855
13,700
196,612
(182,912)
196,612
2,000
347
1,653
578
16,000
19,338
(3,338)
17,432
-
77
(77)
-
100
173
(73)
-
100
310
(210)
-
-
-
-
10
500
853
(353)
457
4,240
-
4,240
-
252,140
444,985
(192,845
397,648
2,500
(177,001
(174,501
_(158,587
-
16,862
16,862
20,273
2,500
(160,139)
S 157,639
(138,314)
196,590
196,590
36,451
58,276
332,320
274,044
S 368,771
SS 332,320
98
KODIAK ISLAND BOROUGH
SEWER ENTERPRISE FUND
STATEMENT OF CASH FLOWS
YEAR ENDED JUNE 30, 1991
WITH COMPARATIVE TOTALS FOR 1990
Operating loss
Adjustments to reconcile operating lose to net
cash provided by operating activities:
Depreciation
Change in provision for uncollectible accounts
Changes in assets and liabilities:
Receivable from customers
Receivable from State of Alaska
Accounts payable
Due to other funds
Total adjustments
Net cash provided by operating activities
Cash flows from capital and related financing
activities:
Acquisition and construction of
capital assets
Repayments on interfund capital - related
expenditures
Net cash used for capital and
related financing activities
Cash flows from investing activities:
Interest and dividends paid on investments
Net cash provided by investing activities
Net change in cash and cash equivalents
Cash and cash equivalents at
beginning of year
Cash and cash equivalents at end
of year
1991
S(177,001
196,612
(13,490)
10,081
193,203
16,202
EXHIBIT E -12
1990
S(158,587
196,612
15,022
12,853
8,664
(10,525
222,626
64,039
(477) (16,363)
- (3,027
(477
16,480
16,480
32,205
299,874
(19,390
17,034
17,034
61,683
238,191
SS 33,079 S 299,874
99
EXHIBIT E -13
KODIAK ISLAND BOROUGH
HOSPITAL ENTERPRISE FUND
BALANCE SHEET
DECEMBER 31, 1990
WITH COMPARATIVE TOTALS FOR 1989
ASSETS
40,276
38,551
Building and fixed equipment
1990
1989
Current assets:
1,832,104
1,610,658
Other cash balances
S 1,099,788
S 2,370,163
Receivables:
(2,716,024
(2,385,038
Patients
2,439,651
1,662,305
City of Kodiak
-
48,394
Third party
47,644
25,000
Less allowance for doubtful receivables
(706,000
(350,000
Net receivables
1,781,295
1,385,699
Prepaid expenses
28,206
14,455
Inventories, at cost
190,918
213,502
Total current assets
3,100,207
3,983,819
Assets whose use is limited:
730,464
21,613
By Borough
658,377
767,567
Under malpractice funding arrangement -held by
trustee 257,990
-
By donor for purchase of equipment
73,376
-
Fund equities:
989,743
767,567
Deposit on capital lease
67,976
-
Fixed assets:
Land
40,276
38,551
Building and fixed equipment
4,219,590
4,155,302
Major movable equipment
1,832,104
1,610,658
6,091,970
5,804,511
Less accumulated depreciation
(2,716,024
(2,385,038
Net fixed assets
3,375,946
3,419,473
S 7,533,872
S 8,170,859
LIABILITIES AND FUND
EQUITY
Current liabilities:
Current portion - capital lease obligation
$ 24,922
$ -
Accounts payable
219,954
280,162
Accrued liabilities:
Compensation
276,421
343,198
Other
730,464
21,613
Total current liabilities
1,251,761
644,973
Capital lease obligation
114,232
-
1,365,993
644,973
Fund equities:
Contributions in aid of construction:
Federal government
2,237,104
2,237,104
Kodiak Island Borough
1,451,544
1,451,544
3,688,648
3,688,648
Retained earnings, undesignated
2,479,231
3,837,238
Total fund equity
6,167,879
7,525,886
S 7,533,872
S 8,170,859
100
EXHIBI E -14
KODIAK ISLAND BOROUGH
HOSPITAL ENTERPRISE FUND
1 STATEMENT OF REVENUES EXPENSES TRANSFERS
AND
CHANGES IN FUND EQUITY
' YEAR ENDED DECEMBER 31, 1990
WITH COMPARATIVE TOTALS FOR
1989
'
1990
1989
Revenues:
Patient
$ 7,387,138
$ 7,202,789
'
Less allowances for uncollectible accounts
(966,858
(1,256,931
Net patient revenues
6,420,280
5,945,858
' Other
137,201
125,786
Total operating revenues
6,557,481
6,071,644
' Operating expenses:
Depreciation
339,388
312,599
Professional care of patients
3,374,139
3,379,435
Dietary
458,360
432,588
'
Plant operation and household
718,356
618,580
General administrative
2,773,870
2,508,250
Other
669,891
-
Total operating expenses
8,334,004
7,251,452
Operating income (loss)
(1,776,523)
(1,179,808)
' Other income (expense):
Interest income
191,745
276,635
State of Alaska, Revenue Sharing
134,460
134,460
Loss on disposal of equipment
(938)
(41,125)
Donor restricted gifts
93,249
11,616
Total other income
418,516
381,586
' Net lose before operating transfers
(1,358,007)
(798,222)
Operating transfer in
-
13,000
' Net loss
(1,358,007)
(785,222
Fund equity at beginning of year
7,525,886
8,311,108
Fund equity at end of year
3 6,167,879
$ 7,525,886
1 101
EXHIBIT E -15
KODIAK ISLAND BOROUGH
HOSPITAL ENTERPRISE FUND
STATEMENT OF CASH FLOWS
YEAR ENDED DECEMBER 31, 1990
WITH COMPARATIVE TOTALS FOR 1989
Operating loss
Adjustments to reconcile operating loss to net
cash provided by operating activities:
Depreciation
Change in provision for uncollectible accounts
Changes in assets and liabilities:
Accounts receivable -
Patients
City of Kodiak
Third party patient payors
Prepaid expenses
Inventories at cost
Accounts payable
Accrued compensation
Other accrued liabilities
Total adjustments
Net cash provided by (used for)
operating activities
Cash flows from noncapital financing activities:
State of Alaska, Revenue Sharing payments
received
Operating transfers in from other funds
Net cash provided by noncapital
financing activities
Cash flows from capital and related financing
activities:
Acquisition and construction of capital
assets
Receipt of gifts restricted by donor for
capital purchases
Proceeds from sale of equipment
Principal payments made on capital
lease
Deposit paid on capital lease
Net cash used for capital and
related financing activities
Cash flows from investing activities:
Change in assets whose use is limited:
By Borough
Under malpractice funding arrangement
By donor for purchase of equipment
Interest and dividends on investments
Net cash provided by investing activities
Net change in cash and cash equivalents
Cash and cash equivalents at
beginning of year
Cash and cash equivalents at end of year
102
1990 1989
S(1,776,523 S(1,179,808
339,388
356,000
312,599
(100,000)
(777,346)
48,394
(47,644)
(13,751)
22,584
(60,209)
(66,777)
708,851
509,490
360,165
103,749
(21,394)
86,244
(22,619)
241,929
2,013
638
963,324
_(1,267,033 (216,484
159,460 109,460
- 13,000
159,460 122,460
(145,159) (254,492)
93,249 11,616
- 35,187
(12,485) -
(67,976 -
(132,371 (207,689 '
109,190
(128,909)
(257,990)
-
(73,376)
-
191,745
276,635
(30,431
147,726
(1,270,375)
(153,987)
2,370,163
2,524,150
'
S 1,099,788
S 2,370,163
AGENCY FUNDS
Agency Funds are used to account for assets held by a government as an agent for
individuals, private organizations, other governments, and /or other funds.
' STUDENT ACTIVITIES FUND
This fund accounts for the operations of the various Kodiak Island Borough School
' District student organizations.
DEFERRED COMPENSATION FUND
' This fund accounts for deferred compensation and accumulated earnings thereon for
participants in the Borough's Internal Revenue Code Section 457 Deferred
Compensation Plan.
u
EXHIBIT F -1
KODIAK ISLAND BOROUGH
AGENCY FUNDS
COMBINING STATEMENT OF CHANGES IN ASSETS.
LIABILITIES AND FUND BALANCES
YEAR ENDED JUNE 30, 1991
STUDENT ACTIVITIES FUND
ASSETS
Cash and cash equivalents
Other receivables
LIABILITIES
Accounts payable
Due to student organizations
DEFERRED COMPENSATION FUND
ASSETS
Investments (at market value)
LIABILITIES
Due to participants
TOTALS - ALL AGENCY FUNDS
ASSETS
Cash and cash equivalents
Other receivables
Investments (at market value)
LIABILITIES
Accounts payable
Due to student organizations
Due to participants
Balance at Balance at
July 1. 1990 Additions Deletions June 30. 1991
$ 97,465
97,465
$ 21,037
79
21,116
$118,502
79
$ 118,581
$ 5,053 $ - $ 3,768 $ 1,285
92.412 24.884 - 117.296
97,465 24,884 3,768 $118,581
$ 622,980 $127,995 40,639 $710,336
$ 622,980 $127,995 S 40.639 $710,336
$ 97,465 $ 21,037 $ - $118,502
- 79 - 79
622.980 127.995 40.639 710.336
$ 720,445 $149,111 40,639 $828,917
$ 5,053
92,412
622.980
$ 720,445
24,884
127.995
$ 152,879
$ 3,768
40.639
44,407
$ 1,285
117,296
710.336
$828.917
104
GENERAL FIXED ASSETS ACCOUNT GROUP
This is a self - balancing account group which records fixed assets of the Borough and
School District other than those recorded in the Enterprise Funds.
EXHIBIT G -1
KODIAK ISLAND BOROUGH
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE
JUNE 30, 1991
General fixed assets:
Land
Buildings
Improvements other than buildings
Equipment
Construction work in progress
Investment in general fixed assets:
Capital Projects Funds:
General obligation bonds
Federal grants
State grants
General Fund revenues
Special Revenue Funds revenues
Contribution from State of Alaska
$ 7,469,315
64,790,809
842,139
4,134,553
1.493.112
$78.729.928
$47,677,896
575,516
14,113,013
2,950,280
2,936,880
10.476.343
$78.729.928
106
KODIAK ISLAND BOROUGH
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
JUNE 30, 1991
Total
Staff agencies:
Borough mayor
S 25,925
Borough clerk
36,613
Finance
72 ,E
Assessing
24,232
Community development
88,380
Engineering /Facilities
94,314
Data services
563,799
Resource management
10,261
General administration
137,578
Building Inspections
-
Mental health
%,258
Total staff agencies
1,150,044
Public safety:
24,232
Emergency preparedness
194,724
Fire Protection Area 1
711,571
Bell's Flats Fire District
608,819
Total public safety
1,515,114
Schools
59,294,591
School equipment
2,450,634
Teacher housing
125,715
General governmental buildings
4,389,264
Building sites
110,648
Playgrounds
710,239
Other
131,900
Total general fixed assets
%.258
allocated to functions
69,878,149
Undeveloped land 7,358.667
77,236,816
Construction work in progress 1,493.112
Total general fixed assets 578,729,928
EXHIBIT G -2
107
Improvements
Machinery
Other Than
and
Land
Buildings
Buildings
Eouipment
S 25,925
-
-
-
36,613
-
-
-
72,684
-
-
-
24,232
-
-
-
88,380
-
-
-
94,314
-
-
-
563,799
-
-
-
10,261
-
-
-
137,578
-
-
%.258
-
-
1.150,044
-
100,000
-
94,724
-
455,584
-
255,987
-
425.655
183,164
-
981,239
533,875
-
59,294,591
-
-
-
-
2,450,634
-
125,715
-
-
4,389,264
-
110,648
-
-
-
-
-
710,239
-
-
131,900
110,648
64,790,809
842,139
4,134,553
7.358.667
-
-
7,469,315
64,790,809
842,139
4,134,553
220.681
940.565
331,866
$7, 689,996
565.731,374
5841
54.466,419
107
EXHIBIT G -3
KODIAK ISLAND BOROUGH
GENERAL FIXED ASSETS GROUP
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
JUNE 30, 1991
Staff agencies:
Borough mayor
Borough clerk
Finance
Assessing
Community development
Engineering /Facilities
Data services
Resource management
General administration
Building inspections
Mental health
Total staff agencies
Public safety:
Emergency preparedness
Fire Protection Area 1
Bells Flats Fire
District
Total public safety
Schools
School equipment
Teacher housing
General governmental buildings
Building sites
Playgrounds
Other
Total general fixed
assets allocated to
functions
Undeveloped land
Construction work in progress
Total general fixed
assets
General Fixed
General Fixed
Assets at
Assets at
July 1. 1990
Additions
Deductions June 30. 1991
$ 25,925
$ -
$ - $ 25,925
35,038
1,575
- 36,613
72,684
-
- 72,684
24,232
-
- 24,232
56,667
31,713
- 88,380
93,314
1,000
- 94,314
330,572
233,227
- 563,799
8,950
1,311
- 10,261
121,248
16,330
- 137,578
78,193
18.065
- 96.258
846.823
303.221
- 1,150.044
194,724
-
- 194,724
692,490
19,081
- 711,571
606.698
2.121
608,819
1.493.912
21,202
- 1.515.114
58,806,370
488,221
- 59,294,591
2,180,600
354,267
(84,233) 2,450,634
125,715
-
- 125,715
4,389,264
-
- 4,389,264
110,648
-
- 110,648
710,239
-
- 710,239
131.900
-
- 131.900
68,795,471 1,166,911 (84,233 69,878,149
7,358,667 - - 7,358,667
1,819,351 573,120 (899,359 1,493,112
$77,973.489 $1,7� $ (983.592 $78,729.928
108
GENERAL LONG -TERM DEBT ACCOUNT GROUP
This is a self - balancing account group which records the Borough's unmatured general
long -term debt. This debt is payable from monies presently in the various Debt
Service Funds and from future general Borough revenues. The debt is backed by the
full faith and credit of the Borough.
EXHIBIT H -1
KODIAK ISLAND BOROUGH
GENERAL LONG -TERM DEBT ACCOUNT GROUP
SCHEDULE OF GENERAL LONG -TERM DEBT
JUNE 30, 1991
WITH COMPARATIVE FIGURES FOR 1990
Amount available and to be provided for
the payment of general long -term debt:
Amount available in Debt Service Funds:
School serial bonds
Accrued annual leave
Amount to be provided:
School serial bonds
Environmental Protection Agency loan
General obligation school bonds:
1986A Improvement
1989 Refunding
Environmental Protection Agency loan
Accrued annual leave
1991 1990
$ 7,307,730 $ 6,683,745
167.878 151.675
7.475.608 6.835.420
6,427,270 8,626,255
281.248 302.083
6.708.518 8.928.338
$14.184.126 $15.763.758
$ 5,000,000 $ 6,000,000
8.735.000
9.310.000
13.735.000
15.310.000
281,248
302,083
167.878
151.675
449.126
453.758
$14.184.126
$15.763.758
110
SUPPLEMENTAL FINANCIAL DATA
BONDED INDEBTEDNESS
The following schedules reflect total bonded indebtedness of the Kodiak Island
Borough by bond issue. Each issue outstanding is reflected by date, interest rate,
inclusive bond numbers, and amount of principal and interest due.
Total indebtedness is reflected on a summary page of all debts not fully defeased.
EXHIBIT I -1
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
SUMMARY OF DEBT SERVICE REQUIREMENTS TO MATURITY
JUNE 30, 1991
Annual Principal and Interest Requirements*
General Obliaation_ Bonds
Calendar
Year
Principal
Interest
Total
1991
$1,630,000
$1,009,985
$2,639,985
1992
1,680,000
882,105
2,562,105
1993
1,725,000
757,225
2,482,225
1994
1,780,000
629,103
2,409,103
1995
1,835,000
497,142
2,332,142
1996
1,390,000
366,198
1,756,198
1997
945,000
290,677
1,235,677
1998
1,015,000
225,945
1,240,945
1999
1,080,000
155,010
1,235,010
2000
1.155.000
80.850
1.235.850
$14.235.000
$4.8�,240
$19.129.240
* Does not include issues that have been fully defeased.
** Includes imputed interest of 8% on Variable Rate Demand Bonds, Series 1986A.
Note: This schedule (and Table 13a through 13e inclusive) indicate debt service by
calendar year; other information in this report relative to debt service is
on a fiscal year (July 1 through June 30) basis.
112
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
GENERAL OBLIGATION SCHOOL IMPROVEMENT BONDS, SERIES 1986A
RETIREMENT SCHEDULE
EXHIBIT I-2
This issue, dated June 4, 1986, consisted initially of 198 bands in the amount of $50,000 each, and one bond in the
amount of $30,000, totaling $9,930,000. Bonds numbered 1 through 99 in the amount of $3,930,000 have been retired.
Bonds numbered 100 through 199 bear interest at the rate indicated below.
Bonds are retired serially in numerical order over a period of ten years. Retirement dates are quarterly beginning
on September 1, 1986 and quarterly thereafter. For information on early call of these bonds, please review the
ordinance, letter of credit, and prospectus on this issue.
This issue was marketed by and is marked to market and indexed weekly by John Nuveen 8 Co, of Chicago. Legal
opinion was rendered by bond counsel, Wohlforth 8 Flint of Anchorage.
Bonds were issued to renovate and extend various school projects. Bonds are payable at the Metropolitan branch of
the Seattle First National Bank, Seattle, Washington.
* Interest is at a variable rate; calculation made at 8% of the unpaid principal balance.
Refunded August 29, 1991
113
Bond
Interest
Numbers
Principal
Maturity
Rate*
Inclusive
Amount
Interest
Total
Sep 1991
Variable
100 -104
S 250,000
S 100,000
S 350,000
Dec 1991
Variable
105 -109
250,000
95,000
345,000
Mar 1992
Variable
110 -114
250,000
90,000
340,000
Jun 1992
Variable
115 -119
250,000
85,000
335,000
Sep 1992
Variable
120 -124
250,000
80,000
330,000
Dec 1992
Variable
125 -129
250,000
75,000
325,000
Mar 1993
Variable
130 -134
250,000
70,000
320,000
Jun 1993
Variable
135 -139
250,000
65,000
315,000
Sep 1993
Variable
140 -144
250,000
60,000
310,000
Dec 1993
Variable
145 -149
250,000
55,000
305,000
Mar 1994
Variable
150 -154
250,000
50,000
300,000
Jun 1994
Variable
155 -159
250,000
45,000
295,000
Sep 1994
Variable
160 -164
250,000
40,000
290,000
Dec 1994
Variable
165 -169
250,000
35,000
285,000
Mar 1995
Variable
170 -174
250,000
30,000
280,000
Jun 1995
Variable
175-179
250,000
25,000
275,000
Sep 1995
Variable
180-184
250,000
20,000
270,000
Dec 1995
Variable
185 -189
250,000
15,000
265,000
Mar 1996
Variable
190-194
250,000
10,000
260,000
Jun 1996
Variable
195 -199
250.000
5.000
255,000
$5.000.000
$1.050.000
$6,050,000
* Interest is at a variable rate; calculation made at 8% of the unpaid principal balance.
Refunded August 29, 1991
113
EXHIBIT 1 -3
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
GENERAL OBLIGATION SCHOOL REFUNDING BONDS. SERIES 1989
RETIREMENT SCHEDULE
This issue, dated May 1, 1989, consists of 2,000 bonds in the amount of $5,000 each, totaling $10,000,000. Bonds
numbered 1 through 253 have been retired. Bonds numbered 284 through 2,000 bear interest at the rate indicated
below.
Bonds are retired serially in numerical order over a period of 10 years. Retirement date is August 1 of each year
beginning in 1989. Bonds maturing in 1997 and after are callable beginning in 1997 and this call privilege may be
exercised.
This issue was marketed by John Nuveen & Co. of Chicago. Legal opinion was rendered by bond counsel, Wohlforth,
Argetsinger, Johnson & Brecht of Anchorage.
Bonds were issued to refund the 1980 issue. Bonds are payable at the Security Pacific National Bank (formerly
Rainier) Seattle, Washington.
* Maturities on and after August 1, 1997 are callable at par on this and any interest date thereafter.
114
Bond
Principal
Interest
Interest
Interest
Numbers
Due
Due
Due
Year
Rate
Inclusive
August 1
February 1
August 1
Total
1991
7.60
254 -379
S 630,000
$ -
$ 299,992
$ 929,992
1992
6.60
380- 515
680,000
276,052
276,053
1,232,105
1993
6.65
515-660
725,000
253,613
253,612
1,232,225
1994
6.65
661- 816
780,000
229,506
229,507
1,239,013
1995
6.70
817- 983
835,000
203,571
203,571
1,242,142
1996
6.80
984 -1161
890,000
175,599
175,599
1,241,198
1997*
6.85
1162 - 1350
945,000
145,339
145,338
1,235,677
1998
6.90
1351 -1553
1,015,000
112,972
112,973
1,240,945
1999
6.96
1554 -1769
1,080,000
77,955
77,955
1,235,910
2000
7.00
1770 -2000
1.155,000
40.425
40.425
1.235.850
58.735.000
51.515.032
$1.815.025
$12.0
* Maturities on and after August 1, 1997 are callable at par on this and any interest date thereafter.
114
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
ASBESTOS REMOVAL LOAN PAYABLE
RETIREMENT SCHEDULE
EXHIBIT I -4
This debt
was incurred June 24, 1985
as part of a package from the U.S.
Environmental Protection Agency. This
package was for 5750,000. One half
($375,000) was
a grant (EPA Grant J
851002 010) and the other half was a loan.
The loan is repayable semi-annually
in the amounts
indicated below.
Semi -annual payments are made directly
to the U.S.
Environmental Protection Agency; Financial Management Center;
P.O. Box 371293M; Pittsburgh, PA 15251
This is not general obligation debt.
Legal opinion was rendered by bond counsel, Wohlforth, Argetsinger, Johnson &
Brecht of
Anchorage.
Principal
Principal
Interest
Due
Due
interest
Year
Rate *
June 30
December 31
Due* Total
1991
7.00
$ -
$ 10,416.67
$ - $10,416.67
1992
7.00
10,416.67
10,416.67
- 20,833.34
1993
7.00
10,416.67
10,416.67
- 20,833.34
1994
7.00
10,416.67
10,416.67
- 20,833.34
1995
7.00
10,416.67
10,416.67
- 20,833.34
1996
7.00
10,416.67
10,416.67
- 20,833.34
1997*
7.00
10,416.67
10,416.67
- 20,833.34
1998
7.00
10,416.67
10,416.67
- 20,833.34
1999
7.00
10,416.67
10,416.67
- 20,833.34
2000
7.00
10,416.67
10,416.67
- 20,833.34
2001
7.00
10,416.67
10,416.67
- 20,833.34
2002
7.00
10,416.67
10,416.67
- 20,833.34
2003
7.00
10,416.67
10,416.67
- 20,833.34
2004
7.00
10.416.67
10.415.07
- 20.831.74
$135,416.71
$145.831.78
$ - $281 2
* No interest is payable until a payment due is in default; then interest, penalties and fees become due. See grant
folder
for full details of default conditions.
115
t
SECTION 3
STATISTICAL SECTION
J
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
AND OTHER USES BY FUNCTION
(a)
'
LAST TEN FISCAL YEARS
Local
Service
Other
,
Fiscal
General Roads and
Health and
Operating
Year
Government Trails (c)
Sanitation (b) Education (b)
Transfers
Total
1982
$1,694,923 S -
S 785,644
S 906,447
S 506,125
S 3,893,139
'
1983
1,857,316 2,034
446,001
1,386,788
4,742,292
8,434,431
1984
1,588,182 -
709,508
1,478,912
1,185,630
4,962,232
'
1985
1,677,539 -
547,388
1,608,341
1,080,310
4,913,578
1986
1,877,136 -
563,516
1,662,858
447,669
4,551,179
'
1987
2,089,508 -
579,930
1,901,130
553,373
5,123,941
1988
1,964,710 -
545,954
2,177,405
890,000
5,578,069
'
1989
2,208,351 -
517,112
2,128,997
768,100
5,622,560
1990
2,478,619 -
367,921
2,334,650
553,312
5,734,502
1991
2,791,798 -
621,000
2,143,633
460,325
6,016,756
'
(a) Includes general fund only.
(b) Including operating transfers for this function.
(c) Kodiak
Island Borough is a second -class borough and does not have
road powers.
Specific monies are expended for
local
service roads and trails in the service districts. Subsequent to fiscal
period 1978,
these monies are
administered
through a separate fund.
'
Source:
Borough general ledger
,
118
KODIAK ISLAND BOROUGH
KODIAK. ALASKA
GENERAL REVENUES BY SOURCE (a)
LAST TEN FISCAL YEARS
TABLE 2
(a) Includes general fund only.
(b) Largest single element of this figure is 5860,121 of investment earnings in an unusual year of the market.
(c) Includes a $481,269 loss on investment relating to the Lion Capital Group.
Source: Borough general ledger
119
Licenses
Inter-
Charges
Fiscal
and
governmental
for
Operating
Year
Taxes
Permits
Revenue
Service
Miscellaneous
Transfers
Total
1982
52,237,755
S 22,233
52,701,874
$110,020
S 892,206 (b)
S -
$5,964,088
1983
1,928,259
45,444
3,086,448
118,064
472,281
83
5,650,579
1984
1,844,572
34,779
2,542,441
44,194
421,808
121,160
5,008,954
1985
1,868,049
40,386
2,365,386
25,850
454,218
15,000
4,768,889
1986
2,065,440
53,786
2,277,655
83,849
(113,025)(c)
53,660
4,421,365
1987
2,188,750
138,151
2,114,283
99,330
451,518
57,090
5,049,122
1988
2,491,065
97,959
2,291,627
100
355,802
114,635
5,351,188
1989
2,515,436
95,748
3,449,948
-
354,523
56,410
6,472,065
1990
2,640,044
120,145
1,316,238
-
540,851
68,790
4,686,068
1991
2,823,929
100,868
2,255,951
-
456,381
173,230
5,810,359
(a) Includes general fund only.
(b) Largest single element of this figure is 5860,121 of investment earnings in an unusual year of the market.
(c) Includes a $481,269 loss on investment relating to the Lion Capital Group.
Source: Borough general ledger
119
L
TABLE 3
r
(a) Includes $984,930 due from City of Kodiak.
Source: Borough tax records
J
120
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL
YEARS
Percent of
Percent of
Percent
Delinquent
Total Tax
Outstanding
Delinquent
Fiscal
Total
Current Tax
of Levy
Tax
Total Tax
Collections
Delinquent
Taxes to
Year
Tax Lew
Collections
Collected
Collections
Collections
to Tax Lew
Taxes
Tax Lew
1982
$2,118,431
$2,095,431
98.9%
$978,969(a)
$3,074,400
145.1%
$95,124
4.5%
1983
1,876,462
1,844,867
98.3
94,231
1,939,098
103.3
32,488
1.7
1984
1,646,752
1,617,654
98.2
31,487
1,649,141
100.1
30,099
1.8
1985
1,508,003
1,492,923
99.0
10,733
1,503,656
99.7
19,366
1.3
1986
2,024,237
1,986,914
98.2
13,502
2,000,416
98.8
43,185
2.1
1987
2,181,410
2,176,543
99.7
12,207
2,188,750
100.3
49,235
2.2
1988
1,926,427
1,912,214
99.3
54,625
1,966,839
102.1
25,610
1.3
1989
1,991,902
1,987,251
99.7
4,474
1,991,725
99.9
21,136
1.1
1990
2,034,500
2,017,190
99.1
12,351
2,029,541
99.7
28,640
1.4
'
1991
2,237,629
2,189,270
97.8
17,254
2,206,524
98.6
59,745
2.7
r
(a) Includes $984,930 due from City of Kodiak.
Source: Borough tax records
J
120
TABLE 4
KODIAK ISLAND BOROUGH
'
KODIAK, ALASKA
ASSESSED
AND ESTIMATED
ACTUAL VALUE OF TAXABLE PROPERTY
'
LAST TEN FISCAL YEARS
Ratio
of Total
'
REAL PROPERTY
PERSONAL PROPERTY
TOTAL
Assessed
to Total
Fiscal
Assessed
Estimated
Assessed
Estimated
Assessed
Estimated
Estimated
Actual
Year
Value
Actual Value
Value
Actual Value
Value
Actual Value
Value
1982
5215,980,368
5278,781,900
$56,384,440
$159,263,600
1272,364,808
(438,045,500
62.18%
1983
307,400,381
372,300,900
72,919,918
(a) 169,581,200
380,320,299
541,882,100
70.19
' 1984
325,435,262
425,976,900
64,550,756
(b) 225,467,800
389,986,018
651,444,700
59.86
1985
353,643,800
385,884,500
50,369,200
186,486,200
404,013,000
572,370,700
70.59
1986
374,136,300
408,336,500
46,204,800
(c) 144,110,900
420,341,100
552,447,400
76.09
1987
369,860,196
398,049,400
39,003,109
199,309,200
408,863,305
597,358,600
68.45
1988
379,969,521
390,550,900
48,795,064
204,075,100
428,764,585
594,626,000
72.11
1989
378,072,396
415,666,660
58,727,868
229,477,103
436,800,264
645,143,763
67.71
1990
406,433,607
435,940,500
73,508,740
267,181,594
479,942,347
703,122,094
68.26
1991
439,710,369
457,383,400
76,594,500
280,085,100
516,304,869
737,468,500
70.01
(a) Exempted boat full
and true value for $5 and $15 fees.
'
(b) Reflects exemptions of boats and
inventories.
(c) Exempted $5 tax for small watercraft (boats and skiffs under five
ton).
Source:
Borough assessment and tax records
121
TABLE 5
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
PROPERTY TAX RATES - ALL OVERLAPPING GOVERNMENTS
(PER 5100 OF ASSESSED VALUE)
LAST TEN FISCAL YEARS
a. The property tax miltage for the Kodiak Island Borough has not in the past years been broken out to
indicate the true miltage that would
be distributed to the various entities, in all cases.
b. Contributions from
Woodland
the last ten years is calculated to have
Road Service
Districts
Fire Districts
'
Assessed
KIB
City
Year
Acres
Contribution
Equivalent
1982
$337,072,196
S 676,922
2.01
1983
Fiscal
General
of
1984
Lighting
Monashka
Service
Bayview
Woman's
Service
Woman's
1986
Year
Fund
Kodiak
Total
District
Bay
District 1
Road
Bay
District 1
Bay
1989
1982
7.00
4.00
11.00
-
0.00
0.00
0.00
0.00
2.94
0.00
1983
7.00
2.00
9.00
1.50
0.00
0.00
0.50
1.50
0.50
1984
3.75
1.25
5.00
-
2.00
0.00
0.00
0.50
1.50
0.50
1985
3.75
2.00
5.75
-
2.00
0.00
0.00
0.50
1.50
0.50
1986
3.75
2.00
5.75
-
2.00
0.25
0.00
0.10
1.50
0.90
'
1987
4.51
2.00
6.51
-
2.00
0.25
1.00
0.50
1.50
0.50
1988
4.51
2.00
6.51
-
2.00
0.25
1.00
0.50
1.50
0.25
1989
4.50
2.00
6.50
-
2.00
0.25
1.50
1.50
1.50
0.25
1990
4.50
2.00
6.50
-
1.25
0.70
1.00
1.50
1.25
1.25
1991
4.50
2.00
6.50
.75
2.00
1.00
1.00
2.50
1.25
1.25
a. The property tax miltage for the Kodiak Island Borough has not in the past years been broken out to
indicate the true miltage that would
be distributed to the various entities, in all cases.
b. Contributions from
the Borough to the School District for
the last ten years is calculated to have
been as follows:
Fiscal
Assessed
Amount of
Millage
Year
Value
Contribution
Equivalent
1982
$337,072,196
S 676,922
2.01
1983
284,114,955
1,172,544
4.13
1984
395,620,404
1,478,912
3.74
1985
394,608,581
1,377,345
3.49
1986
406,612,778
1,524,460
3.75
1987
404,859,425
2,140,149
5.29
1988
428,764,585
2,343,992
5.47
1989
423,038,700
2,444,882
5.78
1990
452,016,912
2,469,558
5.46
1991
516,304,869
2,484,606
4.81
Source: Borough ordinance and assessment records
122
KODIAK ISLAND BOROUGH
KODIAK. ALASKA
TEN LARGEST TAXPAYERS
YEAR ENDED JUNE 30, 1991
TABLE 6
* Taxes actually collected were less, in some cases, due to various laws such as personal property
within city limits being exempt.
Source: Borough tax records
123
Percentage
Percentage
of total
1991
(Net)*
of total
Assessed
Assessed
Taxes
Taxes
Taxpayer
Valuation
Valuation
Levied
Levied
International Seafoods of Alaska
2.18%
511,259,966
S 78,956
3.53%
King Crab Inc.
1.78
9,208,637
59,514
2.66
Western Alaska Fisheries
1.63
8,436,179
56,279
1.51
All Alaskan Seafoods
1.60
8,258,624
51,342
2.30
Alaska Pacific Seafoods
1.52
7,860,286
49,952
2.23
T. U. of the Northland
1.46
7,530,707
16,550
.74
Sea -Land Services, Inc.
1.44
7,449,032
33,047
1.48
Waldos /O'Kraft & Son, Inc. (Retailers)
1.10
5,697,082
41,911
1.87
Breachan Enterprises
.97
4,993,790
36,297
1.62
Kill Bay Plaza Association
.90
4,661,360
34.960
1.56
Totals
14.58%
$75,355,663
5458,808
20.50%
* Taxes actually collected were less, in some cases, due to various laws such as personal property
within city limits being exempt.
Source: Borough tax records
123
TABLE 7
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
RATIO OF NET GENERAL BONDED DEBT (c)
LAST TEN FISCAL TEARS
Sources -
(a) 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.
(b) 1990 population is per U.S. Bureau of Census (preliminary); others are estimates from the Borough Planning
Department based on the "Housing Unit Method."
(c) Information obtained from assessment records and Borough general Ledger except as otherwise noted. I
124
Ratio
of Net
Net
Bonded
Bonded
Less Debt
Debt to
Debt
Fiscal
Assessed
Gross
Service
Net Boded
Assessed
per
Year
Population
Value
Boded Debt
Fund
Debt
Value
CavitaL
1982
12,714(a)
$337,092,196
$15,390,000
S 435,438
$14,954,562
4.4
$1,176
1983
13,079
284,114,955
22,275,000
425,438
21,849,562
7.7
1,670
1984
13,389
395,620,404
30,025,000
6,300,296
23,724,704
6.0
1,772
1985
13,748
394,608,581
25,815,000
7,154,308
18,660,692
4.7
1,357
1986
13,952
406,612,778
30,665,000
7,776,557
22,888,443
5.6
1,641
1987
14,127
404,859,425
25,925,000
7,279,292
18,645,708
4.6
1,320
1988
14,375
428,764,585
22,160,000
7,111,644
15,048,356
3.5
966
1989
15,575
436,800,264
17,550,000
5,310,721
12,239,279
2.8
786
1990(b)
15,558(b)
452,016,912
15,310,000
6,683,745
8,826,255
1.9
567
1991
15,679
516,304,869
13,735,000
7,307,730
6,427,270
1.2
410
Sources -
(a) 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.
(b) 1990 population is per U.S. Bureau of Census (preliminary); others are estimates from the Borough Planning
Department based on the "Housing Unit Method."
(c) Information obtained from assessment records and Borough general Ledger except as otherwise noted. I
124
KODIAK ISLAND BOROUGH
KODIAK. ALASKA
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
YEAR ENDED JUNE 30, 1991
TABLE 8
(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.
125
Percentage
Kodiak
Applicable
Island
Net Debt
to this
Borough's
Name of Governmental Unit
Outstanding
(a)
Governmental
Unit (b)
Share of
Debt (c)
Kodiak Island Borough:
General obligation bonds
S 6,427,270
100%
S 6,427,270
City of Kodiak:
General obligation bonds
940,000
64
601,600
Revenue bonds
4.745,000
64
3,036.800
Total
512.1
510
(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.
125
TABLE 9
Assessed value
Plus exempt property
Total
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
COMPUTATION OF LEGAL DEBT MARGIN
JUNE 30, 1991
S 516,304,869
2,002,661,025
S2.518.965.894
The State of Alaska does not mandate a debt limit to its municipalities and political subdivisions. Debt capacity is
ultimately determined by the marketplace.
Source: Borough assessment records
126
TABLE 10
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES
FOR GENERAL BONDED DEBT TO TOTAL
GENERAL EXPENDITURES AND TRANSFERS
LAST TEN FISCAL YEARS
(a) Seriat maturities in the case of serial bonds; arxwaL Debt Service Fund requirements in the case
of term bonds.
Source: Borough general ledger and debt documents
127
Ratio of
Total
Debt Service
Fiscal
Principal
Interest
Totat
Debt
General
Expenditures
to General
Expenditures
Year
(a)
and fees
Service
and Transfers
(percent)
1982
S 220,000
$1,680,912
$1,900,912
$3,893,139
48.8%
1983
515,000
1,185,806
1,700,806
8,434,431
20.2
1984
1,750,000
1,555,900
3,305,900
4,962,232
66.6
1985
4,210,000
2,108,539
6,318,539
4,913,578
128.6
1986
5,080,000
1,727,562
6,807,562
4,551,179
149.6
1987
4,750,417
1,787,384
6,537,801
5,123,941
127.6
1988
3,785,834
1,695,468
5,481,302
5,578,069
98.3
1989
5,135,833
1,502,762
6,638,595
5,622,560
118.1
1990
2,260,833
978,583
3,239,416
5,803,292
55.8
1991
1,595,834
1,019,401
2,615,234
6,016,756
43.5
(a) Seriat maturities in the case of serial bonds; arxwaL Debt Service Fund requirements in the case
of term bonds.
Source: Borough general ledger and debt documents
127
TABLE 11
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
Fiscal
Year
Population (a)
School Enrollment (b)
1982
12,714
2,106
1983
13,079
2,189
1984
13,389
2,180
1985
13,748
2,295
1986
13,952
2,285
1987
14,127
2,329
1988
14,375
2,531
1989
15,575
2,304
1990
15,558
2,328
1991
15,679
2,398
Urw=lovment Rate CO
12.1%
9.7
6.9
9.6
7.7
7.4
6.2
3.2
5.6
8.2
(a) 1990 per U.S. Bureau of Census (preliminary); other years per Borough Planning Department.
(b) Kodiak Island Borough School District.
(c) Department of Labor, Anchorage.
128
KODIAK ISLAND BOROUGH
KODIAK, ALASKA
SALARIES AND SURETY BONGS OF PRINCIPAL OFFICIALS
YEAR ENDED JUNE 30, 1991
TABLE 12
(1) By ordinance in 1984 the Kodiak Island Borough Assembly elected to decrease the amount of bond
payments and to self - insure except for the treasurer and cashier. These positions are bonded
at $1,000,000 and $50,000, respectively.
(2) Also covered by elected officials errors and omission policy of $1,000,000.
Source: Borough personnel records
129
Amount of
Name of Official
Title
Annual Salary
Surety Bond (1)
Jerome M. Selby
Mayor
$65,000
(2)
See page iv of intro-
ductory section
Assembly members
2,400
(2)
Contracted
Attorney
-
'
Karleton G. Short
Finance Director /Treasurer
56,867
51,000,000
Earl Smith
Fire Chief, Service Area One
61,152
-
Perry L. Page
Data Processing Manager
55,494
-
Vacant
Borough Clerk
-
"
Linda Freed
Director of Planning and
Community Development
69,056
-
Anna Holmes
Cashier
25,750
50,000
Patrick Carlson
Assessor /Appraiser
55,494
-
Pam Delys- Baglien
Director of Mental Health
81,889
-
Ray Camardello
Facilities Coordinator
54,184
-
Cheryl Bolger
Accountant
42,556
-
(1) By ordinance in 1984 the Kodiak Island Borough Assembly elected to decrease the amount of bond
payments and to self - insure except for the treasurer and cashier. These positions are bonded
at $1,000,000 and $50,000, respectively.
(2) Also covered by elected officials errors and omission policy of $1,000,000.
Source: Borough personnel records
129
KODIAK ISLAND BOROUGH
KODIAK. ALASKA
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS
YEAR ENDED JUNE 30,
TABLE 13
* Estimated actual value.
Source: Borough assessing records, City of Kodiak building department and local bankers
131
CONSTRUCTION
PROPERTY VALUE
Commercial
Residential
Deposits in
Fiscal
Year
No. of
Units
Value
No. of
Units
Value
Local
Banks (1)
Commercial
Residential
Nontaxable
1982
53
S 826,596
71
S 3,208,175
$71,801,883
S 86,107,893
$129,872,475
S 208,695,345
1983
77
7,708,474
136
10,631,463
54,032,065
107,487,339
199,913,042
245,623,546
1984
63
2,965,496
74
5,495,636
59,010,831
104,233,851
220,001,411
739,960,807
1985
62
10,316,833
99
7,928,241
61,598,752
116,411,447
236,302,401
1,053,965,717
1986
54
3,012,970
118
10,563,802
64,420,672
115,574,577
258,311,716
1,127,834,040
1987
35
4,256,169
134
5,313,110
70,402,810
114,409,875
252,950,321
1,134,524,305
1988
42
549,382
91
4,314,003
72,068,409
123,053,031
255,417,891
1,159,131,464
1989
22
1,174,346
131
6,421,773
93,830,000
128,202,254
266,409,021
1,177,364,559
1990
18
1,709,715
104
8,109,662
90,221,433
115,477,806
314,539,889
1,993,871,408
1991
69
3,692,371
152
5,706,524
90,392,243
130,469,150
323,060,260
2,002,661,025
* Estimated actual value.
Source: Borough assessing records, City of Kodiak building department and local bankers
131
KODIAK ISLAND BOROUGH
KODIAK. ALASKA
MISCELLANEOUS STATISTICAL DATA
TEARS ENDED JUNE 30, 1982 THROUGH JUNE 30, 1991
Date of incorporation - September 30, 1963, Second Class Borough by Chapter 146 Sessions, Laws of Alaska 1961, as
amended, Form of Goverrment - Mayor /Assembly.
Land Area - square miles
Miles of improved street
Miles of sanitary sewers
Number of water taps
Number of sanitary sewer taps
Building permits:
Permits issued
Value of buildings (thousands)
Fire protection:
Number of fire stations
Number of employees
Police protection - none
Recreation:
Parks - number of acres
Facilities:
Number of playgrounds
Number of swimming pools
Education:
Number of schools:
City of Kodiak Elementary
City of Kodiak Junior High
City of Kodiak High School
Village Schools (c)
Number of support personnel (d)
Number of teachers
Number of students
Number of municipal employees
Elections:
Number of registered voters
Number voting in last election
Percent of registered voters
1982
1983
1984
1985
4,900
4,900
4,900
4,900
16.48
16.48
16.48
17.29
-
-
3.7
4.2
-
309
309
309
-
170
170
170
124
213
137
161
4,034.7
18,339.9
8,416.1
17,858.0
-
-
2
2
-
-
1
1
2,440
3,277
4,099
3,414
-
4
5
5
1
1
1
1
3
3
3
3
1
1
1
1
1
1
1
1
7
7
7
7
178
179
174
158
150
150
156
157
2,106
2,189
2,180
2,295
39
46
49
46
5,883
5,115
5,200
5,603
1,619
1,720
2,079
3,075
27.5
33.6
44.0
46.6
(a) Prior years include lands designated recreational; 1986 and after represents actual acres of parks.
(b) By annexation, effective March 4, 1989 the Borough has grown an additional 12,830 square miles.
Total Borough is now 22,395 square miles with a land mass of 7,130 square miles (see map on page ix).
(c) The majority of Village Schools are grades K -12.
(d) All non - teaching employees.
Source: Borough records
132
TABLE 14
'
1986
1987
1988
1989
1990
1991
4,900
4,900
4,900
7,130 (b)
7,130
7,130
19.53
20.3
21.5
21.5
21.5
21.5
9.63
15.49
16
16
16
16
'
410
659
707
748
748
748
327
619
666
727
727
727
172
169
133
153
122
221
12,196.8
9,570.0
4,863.4
7,596.1
9,819.3
9,398.9
2
2
2
2
2
2
1
1
1
1
1
1
220(a)
222
223
223
223
223
14
15
15
15
15
1
'
1
1
1
1
1
1
1
3
3
3
3
3
3
1
1
1
1
1
1
1
1
1
1
1
1
7
7
7
8
8
9
159
152
167
172
165
175
154
148
169
167
167
167
'
2,285
2,329
2,351
2,304
2,328
2,398
49
53
57
66
70
75
6,463
6,559
5,427
6,150
6,352
6,263
'
2,356
2,094
2,507
1,459
2,327
1,993
36.4
31.9
46.2
23.7
37.0
31.8
133