Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
CAFR FY1996
KODIAK ISLAND BOROUGH KODIAK, ALASKA 1996 COMPREHENSIVE ANNUAL FINANCIAL REPORT JULY 1, 1995 -JUNE 30, 1996 I KODIAK ISLAND BOROUGH ' Comprehensive Annual Financial Report For the Year Ended June 30, 1996 Kodiak, Alaska Jerome Selby, Borough Mayor Prepared by Finance Department: Karleton Short, Finance Director Cheryl Bolger, Accountant Kelli Veech, Accountant it FINANCIAL SECTION EXHIBIT PAGE INDEPENDENTAUDITORS' REPORT ............................................................................... ............................... 1 GENERAL PURPOSE FINANCIAL STATEMENTS Combined Balance Sheet - All Fund Types, Account Groups and Discretely PresentedComponent Units ................................................................................ ..............................1 2 Combined Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance - All Governmental Fund Types and Discretely Presented Component Unit ................................................................ .............................. 6 Combined Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance - Budget and Actual - General Fund, Special Revenue Fund and Debt Service Fund ................................................... ..............................3 8 Combined Statement of Revenues, Expenses, Transfers and Changes in Retained Earnings - Proprietary Fund Types and Discretely Presented Component Unit ................4 11 Combined Statement of Cash Flows - Proprietary Fund Types and Discretely Presented Component Unit ................. ..............................5 12 Notes to the Financial Statements (an integral part of the combined financial statements) . ............................... 13 ADDITIONAL INFORMATION COMBINING INDIVIDUAL FUND AND ACCOUNT GROUP FINANCIAL STATEMENTS AND SCHEDULES GENERAL FUND: BalanceSheet .................................................................................................. ............................... A -1 31 Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance - Budget and Actual ......................................................... ............................... A -2 32 Schedule of Expenditures and Transfers - Budget and Actual ........................ ............................... A -3 34 KODIAK ISLAND BOROUGH Comprehensive Annual Financial Report ' For the Year Ended June 30, 1996 TABLE OF CONTENTS INTRODUCTORY SECTION EXHIBIT PAGE ELECTEDOFFICIALS (PHOTOGRAPHS) ............................................................................. ............................... v BOROUGHOFFICIALS .......................................................................................................... BOARDSAND COMMITTEES ............................................................................................... ............................... vu ... .............................vm MAPOF KODIAK ISLAND BOROUGH ................................................................................. ............................... x ' GFOACERTIFICATE OF ACHIEVEMENT .......................................................................... ORGANIZATIONAL CHART ................................................................................................ ............................... xi xii LETTER OF TRANSMITTAL . ............................... ..xiii FINANCIAL SECTION EXHIBIT PAGE INDEPENDENTAUDITORS' REPORT ............................................................................... ............................... 1 GENERAL PURPOSE FINANCIAL STATEMENTS Combined Balance Sheet - All Fund Types, Account Groups and Discretely PresentedComponent Units ................................................................................ ..............................1 2 Combined Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance - All Governmental Fund Types and Discretely Presented Component Unit ................................................................ .............................. 6 Combined Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance - Budget and Actual - General Fund, Special Revenue Fund and Debt Service Fund ................................................... ..............................3 8 Combined Statement of Revenues, Expenses, Transfers and Changes in Retained Earnings - Proprietary Fund Types and Discretely Presented Component Unit ................4 11 Combined Statement of Cash Flows - Proprietary Fund Types and Discretely Presented Component Unit ................. ..............................5 12 Notes to the Financial Statements (an integral part of the combined financial statements) . ............................... 13 ADDITIONAL INFORMATION COMBINING INDIVIDUAL FUND AND ACCOUNT GROUP FINANCIAL STATEMENTS AND SCHEDULES GENERAL FUND: BalanceSheet .................................................................................................. ............................... A -1 31 Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance - Budget and Actual ......................................................... ............................... A -2 32 Schedule of Expenditures and Transfers - Budget and Actual ........................ ............................... A -3 34 KODIAK ISLAND BOROUGH Comprehensive Annual Financial Report For the Year Ended June 30, 1996 TABLE OF CONTENTS (continued) EXHIBIT PAGE SPECIAL REVENUE FUNDS: CombiningBalance Sheet ................................................................................ ............................... B -1 40 Combining Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance ........................................................................... ............................B -2 42 Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance - Budget and Actual: Fire and Road Service Districts: Fire: Fire Protection Area No. 1 .................................................................... ............................B -3 45 Womens Bay Fire Department ............................................................. ............................B -4 46 Road: Monashka Bay Road Service Area ....................................................... ............................B -5 47 ServiceDistrict No. I ........................................................................... ............................B -6 48 Womens Bay Service Area ................................................................... ............................B -7 49 Bay View Road Service Area ............................................................ ............................... B -8 50 ServiceArea No. 2 ....................................................................................... ............................B -9 51 MentalHealth Center .................................................................................. ...........................B -10 52 CoastalManagement ................................................................................. ...........................B -11 53 Child Care Assistance Program .................................................................. ...........................B -12 54 LandSales ................................................................................................... ...........................B -13 55 Buildingsand Grounds ............................................................................... ...........................B -14 56 Woodland Acres Street Light Service Area ................................................ ...........................B -15 57 OilSpill Cleanup ........................................................................................ ...........................B -16 58 KodiakArts Council ................................................................................... ...........................B -17 59 Facilities...................................................................................................... ...........................B -18 60 DEBT SERVICE FUNDS: CombiningBalance Sheet ................................................................................... ............................0 -1 61 Combining Statement of Revenues, Expenditures Transfers, and Changes in Fund Balance .......................................................... ............................0 -2 62 Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance - Budget and Actual: Bonds.............................................................................................................. ............................0 -3 63 Other............................................................................................................ ............................... C -4 64 CAPITAL PROJECTS FUNDS: CombiningBalance Sheet ............................................................................... ............................... D -1 66 Combining Statement of Revenues, Expenditures, Transfers and Changes in Fund Balance ....................................................... ............................... D -2 68 Schedule of Capital Projects ........................................................................... ............................... D -3 70 ii I KODIAK ISLAND BOROUGH ' Comprehensive Annual Financial Report For the Year Ended June 30, 1996 TABLE OF CONTENTS (continued) EXHIBIT PAGE PROPRIETARY FUNDS - ENTERPRISE FUNDS: CombiningBalance Sheet ..................................................... ............................... ............................E -1 74 Combining Statement of Revenues, Expenses, Transfers and Changes in Retained Earnings ................................................................. ............................... E -2 76 Combining Statement of Cash Flows ................................... ............................... ............................E -3 77 Municipal Solid Waste Collection and Disposal Fund: BalanceSheets ...................................................................... ............................... ............................E -4 78 Statement of Revenues, Expenses, Transfers and Changes in Retained Earnings - Budget and Actual ...................................................... ............................... E -5 79 Statementsof Cash Flows ..................................................... ............................... ............................E -6 80 F1 1 iii Water Fund: BalanceSheets .................................................................................................. ............................... E -7 81 k ! Statement of Revenues, Expenses, Transfers and Changes in Retained Earnings - Budget and Actual ...................................................... ............................... E -8 Statementsof Cash Flows ................................................................................. ............................... E -9 82 83 ' Sewer Fund: BalanceSheets ................................................................................................ ............................... E -10 84 Statement of Revenues, Expenses, Transfers and Changes in Retained Earnings - Budget and Actual ......................... ............................... ...........................E -1 Statementsof Cash Flows .................................................... ............................... ...........................E -12 85 86 ' INTERNAL SERVICE FUND: Management Information Systems Fund: BalanceSheets ..................................................................................................... ............................F -1 87 Statement of Revenues, Expenses, Transfers and Changes in in Retained Earnings - Budget and Actual ...................................................... Statementsof Cash Flows ................................................................................. ............................... F -2 ............................... F -3 88 89 ' AGENCY FUNDS: Combining Statement of Changes in Assets and Liabilities ........................... ............................... G -1 91 GENERAL FIXED ASSETS ACCOUNT GROUP: Schedule of Fixed Assets by Source ............................................................... ............................... H -1 93 Schedule of General Fixed Assets by Function and Activity ......................... ............................... H -2 94 ' Schedule of Changes in General Fixed Assets by Functionand Activity ................................................................................... ............................... H -3 95 F1 1 iii 1 KODIAK ISLAND BOROUGH , Comprehensive Annual Financial Report For the Year Ended June 30, 1996 ' i TABLE OF CONTENTS (continued) EXHIBIT PAGE GENERAL LONG -TERM DEBT ACCOUNT GROUP: Schedules of Long -Term Debt .......................................................................... ............................... I -1 97 ADDITIONAL INFORMATION - BONDED INDEBTEDNESS: Summary of Bonded Debt Service Requirements to Maturity ............................ ............................J -1 99 General Obligation School Refunding Bonds, Series 1989 ................................. ............................J -2 100 General Obligation Bonds, 1993 Series A ........................................................... ............................J -3 101 General Obligation Bonds, 1994 Series A ........................................................... ............................J -4 102 AsbestosRemoval Loan Payable ......................................................................... ............................J -5 103 STATISTICAL SECTION TABLE PAGE STATISTICAL TABLES: General Governmental Expenditures and Other Uses by Function - Last Ten Fiscal Years ................................................................... ..............................1 105 General Revenues by Source - Last Ten Fiscal Years .......................................... ..............................2 106 Property Tax Levies and Collections - LastTen Fiscal Years ......................................................................................... ..............................3 107 Assessed and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years ........................................................................ ..............................4 108 Property Tax Rates LastTen Fiscal Years ........................................................................................ ..............................5 109 Ten Largest Property Taxpayers .......................................................................... ..............................6 110 Ratio of Net General Bonded Debt - Last Ten Fiscal Years ................................. ..............................7 111 Computation of Direct and Overlapping Debt ...................................................... ..............................8 112 Computation of Legal Debt Margin ...................................................................... ..............................9 113 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General Expenditures and Transfers - LastTen Fiscal Years ........................................................................................ .............................10 114 Demographic Statistics - Last Ten Fiscal Years .................................................. .............................11 115 Salaries and Surety Bonds of Principal Officials ................................................. .............................12 116 Property Value, Construction and Bank Deposits - LastTen Fiscal Years ........................................................................................ .............................13 117 Miscellaneous Statistical Data - LastTen Fiscal Years ........................................................................................ .............................14 118 C iv 6 INTRODUCTORY SECTION � Annual Report •Kodiak Island Borough, Alaska ' - ASSEMBLY MEMBERS- ROBIN HEINRICHS At Large, 1998 Deputy Presiding Officer 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, 1996, and the related statements and statistical tables. Respectfully submitted, Karleton G. Short, Finance Director JOHN BURT At Large, 1996 JEROME M. SELBY Mayor of Kodiak Island Borough, 1998 SUZANNE J. HANCOCK At Large, 1996 DR. BOB JOHNSON At Large, 1998 JACK L. McFARLAND At Large, 1996 GARY L. STEVENS At Large, 1997 Presiding Officer of Assembly MICHAEL R. MILLIGAN At Large, 1997 KODIAK ISLAND BOROUGH BOROUGH OFFICIALS YEAR ENDED JUNE 30, 1996 BOROUGH ASSEMBLY John Burt `96 Robin Heinrichs '98 (Deputy Presiding Officer) Dr. Bob Johnson'98 Gary Stevens '97 (Presiding Officer) Suzanne J. Hancock'96 Michael R. Milligan `97 Jack L. McFarland '96 BOROUGH MAYOR Jerome M. Selby '98 Karleton G. Short ........................................................................................... ............................... Finance Director/Treasurer Steve Hobgood ........................................................................................................ .........Facilities/Engineering Coordinator DonnaSmith ..................................................................................................................... ............................... Borough Clerk LindaL. Freed .............................................................................................................. ............................... Planning Director PatrickS. Carlson ....................................................................................................................... ............................... Assessor PerryL. Page ................................................................................................... ............................... Data Processing Manager MartinWhite .................................................................... ............................... .........................Mental Health Center Director EarlA. Smith ............................................................................................................................ ............................... Fire Chief Charles E. "Bud" Cassidy ........................................................................ ............................... Resource Management Officer Jamin, Ebel], Bolger, Gentry ......................................................... ............................... (Contracted Firm) Borough Attorney EdmonMyers ................................................................................ ............................... .......................Hospital Administrator Bruce F. Johnson .................................................................................... ............................... Superintendent, School District CherylBolger .......................................................................................................... ............................... General Accountant KelliVeech .............................................................................................................. ............................... Revenue Accountant BarbaraTempleton ................................................................................. ............................... ...................... Purchasing Agent Vii KODIAK ISLAND BOROUGH I KODIAK, ALASKA BOARDS AND COMMITTEES r YEAR ENDED JUNE 30, 1996 School Board Woodland Acres Street Lighting * Jeff Stephan Service District Advisory Board Jean Barber * Sharon Nault Joe M. Floyd Bob Hatcher ' Marietta Morein 1 vacancy Norm Wooten CW02 James Carey, CG Rep. Citizen Board of Equalization Wendy Gil, Student Rep. * Jim Carmichael Craig Fanning Hospital Advisory Board Karenia Hackett * Wayne Stevens Tim Hurley ' Gil Bane Steve Jensen Mark K. Buckley Cheryl McNeil, Alternate Russell Grimm Pat Carlson, KIB staff Alice Knowles Donna Smith, KIB staff Mary A. Monroe Gretchen Saupe Parks and Recreation Committee 'e Jack McFarland, Assembly Rep. * David Odell Ed Myers, KIH Staff, ex- officio Forrest Blau Dr. Mark Withrow, Chief of Staff Thomas A. Stewart Sarah Thayer Mental Health Center Advisory Vincent Walser Board Jean Barber, School Bd. Rep., ex -officio * Ron Woitel Joe Floyd, Alternate School Bd. Rep. Patti Carlson Linda Freed, KIB staff Kristen Gray Ian Fulp, City Rep., ex -officio John C. Houser, III Claire Holland, State Rep., ex -officio J. Claire Hurt Jeff Knauf, P & Z Rep. Josephina Rosales Mike Milligan, Assembly Rep. Laurel Vorachek Maranne Waterman 1 vacancy Lt. Mark L. Everett, CG Rep, ex -officio Building Code Board of Appeals/ Suzanne Hancock, Assembly Rep. (Architectural Review Board) Jan Pennington, KIB staff * Woody Koning ' Karen Perkins, KAMI Rep., ex- officio Gerald Cloudy Martin White, MHC Director, ex -officio Gregg Hacker Jay Johnston Planning and Zoning Commission Jeff LeDoux * Jerrol Friend Joe Floyd, School Board Rep. Donna Bell Robin Heinrichs, Assembly Rep. David H. Nesheim Steve Hobgood, KIB Mayor designee Robbie Scheidler Bob Tucker, KIBSD designee Clarence W. Selig Marty Shuravloff Personnel Advisory Board Darlene Turner * Donna Bell Craig N. Fanning Christine Jamin Clay Koplin , Dorothy Weeks Rachael Miller, KIB staff viii KODIAK ISLAND BOROUGH KODIAK, ALASKA BOARDS AND COMMITTEES YEAR ENDED JUN 30, 1996 Fire Protection Area #I Advisory Board C * Scott Arndt Roy Aguirre i Alice Knowles Charles Lorenson Bill Swearingin . Bay View Road Service District Advisory Board ' * Fred "Sky" Roberts Dawn Black Gale Gray Reed Oswalt Jim Schauff Monashka Bay Road Service District Advisory Board * Roger Blacket Jeff Hamer Dan Miller Julie Wisher Mark Withrow Emergency Services Council Bien Abiles, Capt. USCG Carolyn Floyd Bill Jones Jerome Selby Gary Stevens Service District No. 1 Advisory Board * Scott Arndt Roy Aguirre Charles Lorenson Ed Mahoney . John Parker Service District No. 1 Advisory Board (continued) Anthony J. Perez Earl Smith, Jr. Womens Bav Service District Advisory Board * David Conrad John Burt Edward Gondek Linda Hinson George Lee Robert Tarrant James Wells Dale L. Rice, ex -officio Kodiak Island Transnortation Studv Steering Committee (KITS) Carolyn Floyd Matt Holmstrom Bill Jones Jerome Selby John Sullivan Mike Milligan, Assembly Rep. Airport Advisory Committee * Wayne Stevens Stosh Anderson Joseph Brodman Michael Machulsky Cecil Ranney Richard Waddell Robert B. Wilson, Jr. John Chya, ex -officio John Miller, CG ex- officio Rachael Miller, KIB staff 2 vacancies Service Area No. 2 Commission * John Parker Reed Oswalt 3 vacancies * Indicates chair ix Data Processing Steering Committee * Jerome Selby John Durham Patrick Hickey Bruce Johnson Mary Munk Ed Myers Perry Page Karleton Short Martin White Fire Protection Area #I Advisory Board C * Scott Arndt Roy Aguirre i Alice Knowles Charles Lorenson Bill Swearingin . Bay View Road Service District Advisory Board ' * Fred "Sky" Roberts Dawn Black Gale Gray Reed Oswalt Jim Schauff Monashka Bay Road Service District Advisory Board * Roger Blacket Jeff Hamer Dan Miller Julie Wisher Mark Withrow Emergency Services Council Bien Abiles, Capt. USCG Carolyn Floyd Bill Jones Jerome Selby Gary Stevens Service District No. 1 Advisory Board * Scott Arndt Roy Aguirre Charles Lorenson Ed Mahoney . John Parker Service District No. 1 Advisory Board (continued) Anthony J. Perez Earl Smith, Jr. Womens Bav Service District Advisory Board * David Conrad John Burt Edward Gondek Linda Hinson George Lee Robert Tarrant James Wells Dale L. Rice, ex -officio Kodiak Island Transnortation Studv Steering Committee (KITS) Carolyn Floyd Matt Holmstrom Bill Jones Jerome Selby John Sullivan Mike Milligan, Assembly Rep. Airport Advisory Committee * Wayne Stevens Stosh Anderson Joseph Brodman Michael Machulsky Cecil Ranney Richard Waddell Robert B. Wilson, Jr. John Chya, ex -officio John Miller, CG ex- officio Rachael Miller, KIB staff 2 vacancies Service Area No. 2 Commission * John Parker Reed Oswalt 3 vacancies * Indicates chair ix X I V mm 9 IMIN�GII 4- s KODIAK a` ISLAND d BOROUGH GP ) � NOME ��NQRTON SOUND k, �<D r d OEMEL Z BRISTOL BAY o ARCTIC OCEAN P BARRow K PRUDHOE 84Y --- - WE ARCtIC C1RCLf -- "' A - CANADA FAIRBANKS ALASKA ;,,, v TEZ . GULF OF ALASKA V t KODIAK ISLAND NORTH PACIFIC OCEAN 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, 1995 A Certificate of Achievement for Excellence in Financial Reporting is presented by the Government Finance Officers Association of the United States and Canada to government units and public employee retirement systems whose comprehensive annual financial reports (CAFRs) achieve the highest standards in government accounting and financial reporting. i I II I I I I ��6 OFpj� 1 N X GNAO Preside SEAL" r CHICAO Y�/7 Z 2� Executive Director X1 KODIAK ISLAND BORO FISCA, ( I 90RMM kaYOR F— - I ADMOMSiMINE ASSISMRI (GY ASSbrwCE OIOINEE/UNC /U /f�pllilEs tONC . Y � ArFltAhEIt AOOOIMNMQ M/RMS<rJ! 7LGNIICNMN ACCgMINIG IEM /PAYROLL 47 7 ORAPIM IEMO=M �Apzwmmovm AOCOUNLIIG TEfiMq /A00011NIS MYASId PRO�IECIS REIA MME SEgRTARY At AOCO{MIfNR SEg1ETARY ■ SEOPVw I CASl�t D OME KNNAL oIflKR(IMIC) 90M WASTE WDt/ LAN UM SUPVVV1SDR SEL7lTAR1' ■ Wi'R OPEM7OR N WDt OPELMIOR I Wilt OPERATOR I FEItSON NEL AS y ORGANIZATIONAL CHART W AR 1996 17m — — —1 r mtm ASSEII� WHOM AVON" omm C" RECg05 MAIMGfR SECIlETIRT (►ARf T11E) )/01! SYSIOK MMLTS� MMEIt /NMLKf �rArASE/�AM r�MeraTar c tEarncrw /r00RAY OMIEC70R C'M rwuaEe cosE ""oe On c4a movam IpMIRIfATgN RDgBLRATA7M IEWMCUM TECMNICIAII FZVWAn M 70cwa m cumcm r ca Ncm 0 KODIAK " ' ISLAND BOROUGH CUNOW r cumcm ■ cumom ■ cuWam r cumcm r 7 cuarw 0 STAW ASST. L (ar) uS"MM" ) SECKrAM ■ 0 Kodiak IslandBorough f 710 MILL BAY ROAD KODIAK, ALASKA 99615 -6398 ' w — - 7G` r September 27, 199 ` 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, 1996 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, 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 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, fuuincial, and statistical. The introductory section includes background on the Borough, the fund accounting concepts used by the Borough, and some financial presentations. The financial section includes the report of the independent accountants, combined financial statements, notes to combined financial statements, and more detailed combining and individual financial statements and schedules. The statistical section includes selected financial and general information generally presented on a ten year comparative basis. GENERAL INFORMATION The Kodiak Island Borough lies at the western border of the Gulf of Alaska, approximately 40 miles south of the Kenai Peninsula. About two-thirds of the Borough lies in the Kodiak archipelago. 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 Mayor /Assembly form of government. The Borough Assembly is composed of seven members who are elected at- large. 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 healthy. The main industries of the Borough are commercial fishing, logging, and tourism. While some segments of the commercial fishing industry have declined, others have grown. Logging has increased dramatically due to cutbacks in logging in the Pacific Northwest. Their decreased production has increased the demand (and price) for our timber. Tourism continues to grow in Kodiak with an increased number of visitors each year. To accommodate this demand, construction of fishing lodges and recreational facilities has increased. xiii 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 1995 was $105,261,596, compared to $118,841,000 in 1994. In recent years, salmon has accounted for approximately one -third of the total value of the fisheries industry in Kodiak. The 1996 salmon catch in Kodiak was down considerably from last year, with an ex- vessel value of approximately $24.3 million. Last year's (1995) ex- vessel value was $48.7 million. This is a 50 percent decrease. Herring increased in 1996 with a catch of $6.8 million compared to $5.8 million in 1995. The shellfish (crab) industry continues to decline with a catch of $4.3 million in 1995 compared to $9.5 million in 1994, $27.6 million in 1981, and $47.5 million in 1980. The assessed value of real and personal property of the Kodiak Island Borough rose from $420,341,100 in 1986 to $654,134,651 in 1996, an increase of 55 percent. The unemployment rate as of June 30, 1996 was 13.7 percent compared to 11.2 percent in 1995 and 9.4 percent in 1994. Seasonal cannery worker hiring traditionally begins around July. The local unemployment rate has fluctuated from 5 to 14 percent over the last ten years. . 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 (FY) 1996 budget, the Kodiak Island Borough identified several major projects to be addressed during the year. All major projects are listed in Exhibit D -3 of the annual report. There were four major projects completed, or substantially completed, during FY1996. Three of these projects (North Star Elementary School construction, Ouzinkie School remodel, and Kodiak Island Hospital remodel) were funded either fully or partially by a $19,200,000 bond issue sold in FY1994. North Star Elementary School is an $8,380,000 project, Ouzinkie School remodel is a $1,563,000 project, and the Kodiak Island Hospital remodel is currently budgeted at $16,810,532. The fourth project, the Kodiak High School Remodel, Phase IV, is $2,002,788, funded by transfers from other funds and other projects and a state capital grant. Another major undertaking this year was an appropriation of $6 million to fund the Near Island Research Facility. This money was appropriated from the proceeds of the sale of Shuyak Island to the State of Alaska. Capital projects either started or expanded in FY1996 total $11,612,962. DEPARTMENT OR ACTIVITY SERVICE EFFORTS AND ACCOMPLISHMENTS The Borough provides a variety of services including education, health, solid waste collection and disposal, planning and zoning, public improvements, and general administration. The Borough provides for education through the Kodiak Island Borough School District and has contracted with Lutheran Health Systems Management Company to operate the Kodiak Island Hospital and Care Center. The Borough is responsible for operating the sanitary landfill and provides water and sewer services to Service District 1, north of the Kodiak city limits. The Borough has oversight responsibility for four road service districts, two fire protection districts, and one street light service district. See Note 16 regarding the transfer of water and sewer funds to the City of Kodiak as of July 1, 1996. Each year the Borough selects a department to highlight for its efforts and accomplishments. For FY1996, we have selected the Finance Department. The Finance Department is responsible for all aspects of financial management of the Kodiak Island Borough. This includes administration and collection of all property taxes within the Borough, annual budget preparation and monitoring of the budget process, financial reporting, coordination of all bond and investment activity, and accounting for capital projects and related grant activity. As noted above, the Borough has responsibilities in a variety of areas, including education, health, planning and zoning, etc. All financial transactions in connection with these services are accounted for within the Finance Department. This department operates as a central treasury for all Borough funds and incorporates receipts and disbursements for the Kodiak Island Borough School District, the Kodiak xiv Island Hospital and Care Center, and the Mental Health Center. A primary responsibility of the Finance Department is property tax billing and collection. Each year, approximately 6,000 bills are generated from the property tax billing system. This process is initiated by the Assessing Department who officially certifies the assessed value of all real and personal property within the Kodiak Island Borough. From there, the Finance Department takes the necessary steps to ensure the accuracy of the billing data, such as millage rates, mortgage information, and tax calculations. The tax assessment and billing process generates approximately half of all revenue for the Kodiak Island Borough. Another important function performed within Finance is accounting for capital projects. Usually, the single largest category of projects is school building and maintenance, although for FYI 996, hospital construction made up a large part of the capital improvement budget. The Finance Department is responsible for all payments in connection with construction and debt service, as well as reporting requirements for state and federal agencies. The Finance Department handles all disbursements in connection with general Borough operations. This is a major job within Finance, and cash disbursements are made each week to a large variety of vendors, suppliers and contractors, as well as to all other service providers. This requires inter - departmental effort between Finance and every other department in the Borough. Payroll processing is another important effort within Finance. The Kodiak Island Borough usually employs approximately seventy people on a regular basis, and additional personnel on a part-time or temporary basis. This requires a sophisticated computerized payroll system and well - trained staff. The payroll function encompasses a large area of expertise beyond just producing the actual paychecks. These include: knowledge of financial accounting, employee benefit management, personnel and labor law, federal, state and borough regulations, as well as state and federal reporting requirements. Another essential task performed by Finance is accounting for and managing cash. The Borough generally has a large amount of cash, which must be invested prudently while leaving sufficient funds to pay for daily operations. As noted above, the Borough acts as central treasurer for substantially all funds, including those of our two component units, the school district and hospital. This requires the Finance Department to maintain several bank accounts and keep accurate records of cash ownership. The Borough, school district, and hospital each have a minimum of two checking accounts, one for general accounting, the other for payroll. This requires a strenuous and complex effort on the part of our accounting staff to keep these funds accurately recorded. Monthly balancing of bank statements is vital to the internal control structure of the Kodiak Island Borough as a whole, and another important service provided by the Finance Department. State and federal regulations require that all recipients of grant funds have an independent audit performed annually. The entire process requires approximately six weeks of actual field work by a certified public accounting firm. A cooperative effort between this firm and the Finance Department results in the production of a Comprehensive Annual Financial Report each year. The Kodiak Island Borough has received the Government Finance Officers Certificate of Achievement for Excellence in Financial Reporting for the last eight consecutive years. All bond and investment activity is accounted for in the Finance Department. The Finance Department is responsible for prudent management of investments, day - to-day cash management, and all reporting requirements in connection with general obligation bonds and other debt service instruments. The Finance Department is one of the largest departments in the Borough, with eight employees. The Department consists of the finance director, two accountants, two accounting technicians, two cashiers, and one secretary. The Finance Department provides information to all other departments on a regular basis, and performs basic functions such as payroll, accounts payable and budgeting. These duties and the tax treasury function make the Finance Department central to the operation and maintenance of the Kodiak Island Borough. xv FINANCIAL INFORMATION DISCUSSION OF CONTROLS Management is extremely aware of the importance of a strong internal control structure. Although present controls are considered to be highly satisfactory and adequate, they continue to be scrutinized periodically for enhancements. Internal Control Structure The Borough's accounting system depends upon a strong system of internal controls. The Borough focuses on all aspects of internal control both to ensure the deliverance of reliable and accurate financial information, as well as safeguarding assets. Duties are segregated as much as possible in a small office, which limits individual control over any one area. Internal control policies are reviewed at least annually and documented to reflect any procedural changes that are deemed necessary. Cross - training and segregation of duties are considered valuable in the internal control structure. GENERAL GOVERNMENT FUNCTIONS Budgetary Controls The Borough uses the modified accrual basis for governmental funds and the accrual basis for enterprise and internal service 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 with an 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 overspent. All new funds are appropriated by a public hearing and the adoption of a budget ordinance. Appropriation transfers are made between funds and/or departments only after the adoption of an ordinance by the Assembly. Borough staff may execute transfers between line items within a department. The following chart summarizes General Fund revenues for the fiscal year ended June 30, 1996. This chart includes General Fund revenue only. xvi Licenses, permits, fees and other $285,100 Severance Taxes 3 2% $1,048,500 11.9% Investments and Property Property taxes $452,196 $5,072,700 5.1% 57.5% Intergovernmental $1,969,043 22.3% xvi The following schedule summarizes changes from the prior year for General Fund revenues: Increase (Decrease) Revenue Sources Over 1995 Property taxes $ 156,251 Intergovernmental 335,881 Investments and property (207,598) Severance taxes (11,965) Licenses, permits, fees and other (642,979) $ (370,410) Property tax is the largest source of revenue for the General Fund of the Kodiak Island Borough. The increase in property tax revenue is due primarily to increased property value in the Borough of $13,672,075. The increase in intergovernmental revenue is due in part to an increase in fish tax of $80,088. State - shared revenue increased by $39,690, and municipal assistance declined $14,839 from last year. The increase is primarily due to the receipt of $238,948 from the Department of Interior for the use of Borough lands for a National Wildlife Refuge. Severance tax related to commercial fishing increased $85,053 from last year, and severance tax on timber decreased by $100,404. The decrease in other revenue in FY 1996 is due to receipt of a distributive share of a settlement between the State of Alaska and Alyeska Pipeline Service Company in FYI 995. The following chart illustrates General Fund expenditures for the year ended June 30, 1996 by function: xvii Changes in levels of expenditures for major General Fund functions of the Borough over the preceding year are shown in the following tabulation: Increase (Decrease) Expenditures Over 1995 General government $ 185,573 Public safety 32,479 Health and Sanitation 21,224 Education 21,282 Culture and recreation 9,800 Conservation and development 39,120 $ 309,478 It is the goal of the Kodiak Island Borough to maintain a fund balance in the General Fund of at least two million dollars. The fund balance as of June 30, 1996 was $2,972,225. The following table reflects the fund balance of the General Fund at the close of business for the past ten fiscal years: General Fund Balance Last ten fiscal years $3,500,000' $3,000,000 $2,500,000 $2,000,000 51,500,000 a1,uUu,wu $500,000 $0 TT PROPRIETARY OPERATIONS The Kodiak Island Hospital and Care Center contracts management services with the Lutheran Health Systems Management Company. The Borough is ultimately liable for any financial loss. Oueratins Income <Loss> Water Sewer PROPRIETARY OPERATIONS The Kodiak Island Hospital and Care Center contracts management services with the Lutheran Health Systems Management Company. The Borough is ultimately liable for any financial loss. xviii Oueratins Income <Loss> Water Sewer Sanitary Services Total 1992 <35,137> <138,007> <256,276> <429,420> 1993 <52,662> <136,839> 5,646 <183,855> 1994 <121,944> <202,760> <38,299> <363,003> 1995 <26,388> <154,721> 50,006 <131,103> 1996 <39,950> <141,637> <2,099,567> <2,281,154> xviii The hospital showed an operating income in FYI 996 of $84,324, and had non - operating gains of $459,405. This means that the hospital increased their retained earnings by $543,729 by the end of the year. Non - operating gains are State Revenue Sharing of $83,623, Unrestricted Contributions of $293,326, donor - restricted gifts of $2,856, and interest income of $97,288. Last year (FY1995) the hospital had an operating loss of $111,142, but had non - operating gains of $192,321 that resulted in an increase in retained earnings by $81,179. 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. In FY1996, the Borough's utility funds (water, sewer, and sanitary services) had operating losses of $2,281,154. In the last five years, these operating losses totaled $3,398,320. These losses are directly related to depreciation and closure and post - closure costs of our sanitary landfill. Please see Note 13 on page 28 for full disclosure. In FY1996, depreciation expense was $415,921 while closure and post closure costs of our landfill were $2,005,956. At the end of FY1996, a typical homeowner paid $112.45 for water, sewer, and garbage. By voter approval of Service District 1 residents, the Kodiak Island Borough transferred their utility accounts to the City of Kodiak in July, 1996. Originally, the Borough built all of the water and sewer lines with grants from the State of Alaska. FIDUCIARY OPERATIONS The Kodiak Island Borough handles all fiduciary activity with the same care and due diligence that we exercise with any of our funds. All amounts due are withheld, collected, accounted for, and remitted promptly. Periodically the State of Alaska informs each participating entity of the Public Employees Retirement System (PERS) employee and employer contribution rates. Amounts are budgeted, withheld, ' and remitted accordingly. Periodically the actuarial assump- tions are revised by the State of Alaska PERS. When such occurrence creates a deficiency, that amount is paid within the period of notification or when a subsequent budget is adopted. The Borough administers all property tax collection for all governmental entities within the Kodiak Island Borough. For service districts within the Borough, the revenue is recognized in that district's particular fund. Property taxes collected for the City of Kodiak are normally remitted in full by November each year. All other fiduciary collection activity (i.e., federal withholding, FICA, insurance, pension fund, etc.) is accounted for and promptly remitted to the agency involved. DEBT ADMINISTRATION Summary of debt principal outstanding at fiscal year end was: General Obligation, 1994 $ 9,985,000 General Obligation, 1993 8,135,000 General obligation, school and refunding, 1989 5,085,000 Environmental Protection General obligation, 1994 Agency loan 177,081 Revenue Anticipation Note 3,000,000 $ 26,382,081 The State of Alaska Statutes and the Kodiak Island Borough Code do not establish a legal debt margin. The voters of the Kodiak Island Borough ultimately determine the amount of debt that can be outstanding. The Borough has no revenue bonds authorized or issued. The Borough does have a $3,000,000 revenue anticipation note due December 31, 1996. The Borough's general obligation bonds are rated as follows: xix Moody's Standard Investors and Service Poors General obligation, 1994 Aaa AAA General obligation, 1993 Aaa AAA General obligation, school refunding, 1991 Aaa AAA General obligation, school refunding, 1989 Aaa AAA xix As of June 30, 1996, net per capita bonded debt is $1,393. For comparison purposes, following is the net per capital bonded debt for the past ten years: General Bonded Debt Per Capita Last ten fiscal years $IA*0 sIAN $I'm`' �! $I'm me gg 03 U swe SW A 32eo s Borough purchases a new instrument, such as a treasury bill or an agency note, our servicing bank pays for the instrument when it is delivered to them. The servicing bank holds all investments in the Borough's name. Management feels that this is the safest way of holding our investments. The Borough investment policy is far more restrictive than that of many governments. The operational parameters are defined in Title 3, Chapter 4, of the Borough Code. Basically, it states that we invest only in high grade securities that are fully collateralized and/or insured. Further, the collateral LR E FE E F f: E is to be held by a third -party bank. :Fbcw Y"r CASH MANAGEMENT Effective cash management is essential to the long- term stability and profitability of any organization. Day -to -day cash management is considered a priority within the Borough, and we utilize proper monitoring procedures for timely receipt and deposit of all funds. INVESTMENT POLICIES The Borough Treasurer is the central treasurer for all Borough funds. This includes the Borough, school district, hospital and Mental Health Center. The Borough uses a cash pool concept in which all funds are self - balancing. Each fund is a unique entity and has its own cash account which, on occasion, may show a "book overdraft" while others 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. The Borough recognizes that there is frequently some exposure to uninsured and uncollateralized deposits. Great strides have been made in minimizing this exposure through increased collateral and selection of banks and brokers with additional insurance. A local servicing bank sweeps the total balances to another account on a daily basis. This account is collateralized by U.S. Treasuries at 102 percent of carrying value. A third -party bank holds the collateral. All new investments are purchased on a delivery versus payment system. This means that when the k" During the past year, the investments of the Borough have fluctuated between $20 and $27 million. Interest rates for our fiscal year started at 4 percent to 8 percent in early July, 1995. At year -end, investments were earning from 5 percent to 8 percent for an average yield of 5.9 percent. We ended the year with investment earnings for all funds in the amount of $1,489,187. RISK MANAGEMENT "Risk management" is a term used to describe those activities practiced by managers to minimize or control exposure to potential losses. Mention the word "risk management" and most people think of insurance, which is the traditional method used to manage risks. Insurance provides financial protection against accidental loss but cannot prevent losses. However, by managing exposure, we can prevent unexpected losses. The Kodiak Island Borough has increased risk management activities as a result of several factors, one being the increased state and federal regulations related to this issue. We have a Safety Committee that meets monthly and discusses the accident prevention program and develops loss prevention policies in an effort to manage risk exposure. Several areas of concern are now addressed including: hazardous material management, bloodborne pathogens, sexual harassment awareness, accident prevention, ergonomics, and evaluation of work environments to prevent cumulative trauma. The Borough presents training to employees to address these and other issues as part of the accident prevention program, an integral component of an effective risk management program. 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 auditors' opinion has been included in this report. 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" and the "Drug -Free Workplace Act of 1988." AWARDS GOVERNMENT FINANCE OFFICERS ASSOCIATION CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the Kodiak Island Borough for its comprehensive annual financial report for the fiscal year ended June 30, 1995. The Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government financial reports. In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. Such a report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. The Borough has received a Certificate of Achievement for the last eight consecutive years (fiscal years ended 1988 - 1995). 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 ideas. We submitted our FY1992 through FY1996 budgets to the GFOA and received the Distinguished Budget Presentation Award for all five years. 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 issues of Who's Who in the West and Who's Who in the World In November of 1994, Mayor Selby received an Outstanding Contribution Award at the Alaska Municipal League Conference in Juneau. ACKNOWLEDGMENTS I wish to express my appreciation to all the members of the Finance Department for their efficient and dedicated service during the past year. I wish to thank your office and the members of the Borough Assembly for their interest in and support of the planning and conducting of the financial operations of the Borough in a responsible and progressive manner. Respectfully submitted, KARLETON G. SHORT DIRECTOR OF FINANCE xxi iip , Suite 9.500 T leohane^ . q '�) ,-846 �501Vl/estath AvOyp "� acsimi(e.:.t9 ©�) Ei 39.89 Anchorage, Alaske'995101 j. O . , �p t DE UDiTORS` RE RTf ipC" $yob_ Mft jdtht kssembl �� � �COdi�(C �9lal� BOhOU �- ' '' a � _ C t ' � ;l �. ) —f 1�/e hstve� dined #�e aid perry general ` urpo e, fipaticiat �tateraants of Kodiak' Istattd BoirouBt!r Alaska, a of f X 16, table -o and loz thc, fire r then ended, in te €orego .hing f "eonte s�:', T gener l' purpose staten►ents,�re thg n ons it�y of tl�e bf lCoak-As�d $oro O Alasl*' Our res opsibi ity. s ao\opmwn on thesb generpl pwpose� many �l statem►en9� based pri o tidit. x �i� Cblwu d^ au it � i n accohdance with -- gent ly-- ,accepted`. ayditing standards d t�ov� mment rditing =: � by 16 toTpt� lei t enaral of�,the 1Inited Statts.�'��1wsa standards req. that a Tlat aatd _ c i tha my �auilit td reasq l�le �swr$t�ce abouf v'v bodiak Inland, ether the geni tal purpose mand . so"* are freF of� t f�malteria> c ent a ftnaft . of the, Hoapitd anct �trait�s ester eomoon �tJnit� w a6t�i4dited in rclanc wiffi Ggxernn gnt'A�+diting'.' 4T . An audit includes Ica n p oi} a" basis;` -� 4 ` s, \ the bunts and his losures �n tht g eral puriiti�se fi{iancial.sr am \ An udrt a* ine j g outing rinc�iplea usdd and sigh cad esti�ates.made by"matragemenq a yell as eva ip�g file ov l" aonci rent We 1�eliev 'tlt `oyt and it prp a ce�sonabIt "basis ftl crufr opinion; In opinion, - eneral �put'po`se , _ftapici d its �,esemt . fararly, - in all material *e , ash " i � � � l ` 1t off; of tIA Kodiak Is1=4 $otough, A 'at �uhe 38, 19 6, �n� "lhe "Its -ofits /operations and �e�c�sh Novas\ / \ of its rietary- fundtypes f'Qt"th� year t1wW#de<Yin cotti? iinitt w th,gener i y iccepted accpu in es ,! �W audit• ,was con�u d fur th+e' pl pp�e Of fQrmucg, OPUu0n � g�eral par�►se- fm�ncial statenlefitt tibiC��'< � � whple: The ce rvi lming�• s and indi�ridnal -and "a�xonnt- 8r ipt n:{ncial stn sments a�dsc�etiuks Ii m ttie + forefoin� .WSib �fcontefits�a ntecor purposes "if additional eula}j(siiid a nota' regdrired p�kto th%� - a p�eral p fitiaahcir}lst�tement�of fo,�iak Islam Bbough� Alska�" 'es fitc>af staegtsaad sphia 1 ahe.al o5'siM6i1� the Man a entent'o�' Kod'i�alt�Isla�l3orougC>s Alaska.,, adtiit��hal;infoatic has ti f bsubjected,��te audig procodwres aplic m our thetleral purpose finicial:statetbents - � X10* oo, ` Fain i statEd iti g a l material respects w it considered" rel Oh to ilia general putpesE ' _ �. ernents 4euas &whole d ' Me st ticil 14 od des \195 l l> "ata tad for pur os�s of i additional apa sit `aid ark not a required gensrat Orposa to - ` the "Kodiak'Plaad rAjh,!Ak*a�, Su h sldditio ial' firmson haaotyn jec[ed t� �suditingedur*s appiierl in" the.audit'of the gerp`�irposafinabeui[ w e tCo triian one J - �' , ' �widt Crowe rFl►it Ate�liting Suds, _ hu\►e also lasitsd a tort dated F�2 7, L op' our n of I€odilsland.'Borouh's mietzml 1 and dated, h996 9� " ,, - �o Caw and regal ns. "� a ( X996 VA 1 mil) BO- J, /. \ COINED "BtLA1V�E $HEET,L ALL F��[JND TYPES, A4� GtOtJ"SAND 1aSEE� - — i _ �, 1. - � y ~ - PIMS'E�1`I'E ? �COMI'QNEN Ur1ITS, J 'AS OF J -fQ; 1996 {wjth comp qva *a totals for :1qq5 \\ A ' Types, v � r--� Fund TY -=— ('�enerxhRe1i►ue Service ASSlr15 AIND UT>�51t•)?EBIfS � _ , � � l;> ; � _ - , � ,, / l � -� } ty in central tteaaury \ ' v ' ai i,d6Q >~ 1�,4g8 ' ,63,3 5 203445-4 -91,164 S _ 136,925 Tenl�iofaty ve -, , 6,07+065 12�M4 7 ' - 1 - flfher t�N caatf'e�uivple�7 f � _ � � 1 � ��! '`�� � �.• - � `r 1 d other reEe' es iK4 1 2 1,117 � 100,1 � � 7,705 � � $1,7 � � 338,81 � A�COwlts * $hteofAlR�lu �1d9� I �1311�56 �� 22$,06 J76,12 \ r n 3 1 o ! �P1 crniitent i� 351,737 " ��. '�'roperty 6ws, net o pllpv+#nCe of S L Land Got*", r J 1 Doe ueEroln'ot4erfieds _ x r , f 374,500 749,760 26,000: r, - liva.frm Cn c � 'n it 207 Dde Prinr �4verwden t - / - \ y Iiwev o e, T� _ A y / �y / >,- �; ( 33,69Se. X - Under pr uWi c iec fi�nd�uB gga!ndnb - J t \! IA ild by ` / donori I y rspwfic !K \ iquity c Tbniponry inyesuneft v, > �4 V PI _ - > • l lAnO41l sVont,"recai�ible, aft f h ' �n`ed °st o'gnt`�ated l� ; _ ,5,,22 �5 depseciahon ap�l�cphle . Y . 1 \ ` 87 376314 Deposit fn lease l _ ; C36astrvafonwork -n►- progress , \ /, i � 1� . � � � 1 r� v - ) ,'� " r° . - , f � t Amount ire in tit rrviee fund ioynt �ovidfQr.,retiremeuto# - :� -� ✓� - iC � fbftg -4m debt -T� \ " \ E,140�1(. A �4,26G,653 0 , SC 1340,$39 / 1 i v bot;ol��ahYinB notes. an intewal i ofthesle colbinod finaticial - ,i \ �A��t, s u v 19"IBI' I j Ftdi�daty �(\ Tota1� / 1'� L . \\ F �i Account Groups ' t ! P-Anmy an Ghent Tuts .� fatala `� ✓ Genetai G6°enlIattg- Govent ;School '` [ .1 y 64y) r\ ABS , -a Term l( ivleo�o�idum Only, �_ Hp T T 1 _ 1995 ` ' 1.932,83$ is f \' ! S � ' ' ,032 8�39 3;3935940 " 1,515,239 \ k \ - ,� .; 24,427,53 - - � - 302,489 A 24,730,v2q� .6 22 - r 2i6,744 - `3,870 ��0.615. V ✓ 245,639 - ' 769589 - 18,053 ✓ ZM,369' 2,9M,613 3 i ✓ - - 395,OSU' 957 1 697 991 Z ✓ t° � �� ���� `�� i P 420,714. ✓' / 2 - � (% 645,363 - l 397 K t,97 a `� - a - / Zf�,747 -M,832 ; 200; �� 1 � � 20 I57 164,7b0 x;014,500 713,4F53_ / v _2,727,953 1,501 QTR j �i 1y 2,94514r 1,910154, , _ ✓ ( a 180 33,696 L 76,735 1�10,¢1� 84;411 3,459 i 3,457 >12,548. � �' ' i 1 1248 198,214 \. x325,774 38$4 - - 3>ES, 40 _ 734.99�, 4536,90 / � � -48,634,908' �3, J6,875 � 2,823 694 '�� 10 ;235(177 /399;4 X26,326,595 2�26,5�5 ��.' _ 2626,59:�. 10,28T�41 2;617,966 I 2,011,96 7,017%6 2,31 500 , �L� 0 21, 21,022,4 � t,6 43 787146 / S 1Y557 S 1 803hl / S M12199 I � -� ``�� � '� �/ v. � 4. - � �, _l. � �y _• �A. Hued} C y ¢ Q', kp " M UGH T \ D.B ' r NCE SHEET -Air. FV7 D 'YE� AOCO -� OcrFS ANJp Ul COM$#N t \ n "I�I a C PRSErVTEID OPvIP�NEN AS OFJLTNE -30 4996 (witK co Uvd It A f60095) Fugnd T �'ilnd'!h(pC Sp�aal T z % �`� , ServiceE. UkkLiTiM FUND. «k r \% ! `I \ r/ ( \' — F ' \ a . ,t r d rHER M O M � /. V x-1)1 / \� ,/ x• 6281 _ 1h322 , .,? 7.516 S 1 130 51 vrr 3,764 S Y %Accotmts -pa� 3 28 ,6 3 S �, 1 �• \ j 1 . ' I ' / 922,$ 9 l � ' y[o�ltaxes re ben fifs -21 / ( '.' 7 Y T j F 42 �Odl r axtu�d liab� ldgs 586 1 % - 19 ustomeP dep J,9 esits v 1 C — < < < 9;86f ; `� 4� 5 - �� % �eferredrevb�liu�s 588,697 - 1 / Defined wm, pe�u 1 tkge�ts payable' f � . V 28,300 to tY 1�o - �ue to ton�ift units r Oman Due t0 funs \ ��� X 747,/ t_ y S JDW 1,112;700 • t00 �., ��1 �' ✓' ���� 14 = fox o10 Pttclosure 9osis ; Y2,316,71 - v , �3 06 009 ' \ rl - � B�nv�imiu�tal,Pr�otatiOnAg ,load:" � � � • �+ f N Tol I lialkili iea r , /`i J Ohl 7,57 \ . � 78 ,0r f � �T \ 4g,899 r _ FU 1b fsQU9 A I o act US: 0 in fwntia� net ' - X 14,610,372 617,382 bins p _ luveg�Ent � keerie fi'o�dseseta -� < < �t / _ _ - r and uNancc• � '- � i � i � y , I Fuel t ,di _. V• 1 r : i � � �- \ C nYr �,, �✓ �- ✓ ( A l year expen" 2,972,;25 J - ri 2 OP,966 - I, Undes i -a v f yl- j \ 2,795,624 of fund J nities and Otfier creilus �/ 2 9,2 55 793,624 r ' �.Ql96s+ y 7; I74�759 - \ 13 1 " 4914,041 _ z ,9g _ �TAL' _ 9,140,016 $ 4,266,6 1 S X2,029;54 , S 13,344,339 S - \ 16;8�8,Q18 S $4,940 V ,'D ,� 7 A / ` aceaatipu�p �'�te thesC �_ � � v ry d a� J i� � l L f � � � - � �` i ` � � � � � � -� a � � i v _ � �XHL�IT 1, cont�nne� • � �� � Z Fmd tyi:e A Ps ,e FrS°°an 1 C�pponleet Ui�ts i e \ Todlls — t � - School � IemoranA�wQniy)' v . .F' Aseeia J %Tdm " ,.( Iv�e�6iandum On1X 1 10*lw \ 1996 �99i 4,843 407 S X74,759_ S 118146 - '-4 ,2,336,711 � _ 2,417, 20 - �t2 �. ^ _ 829. 374,694' - v { 258,322 ` �- 363,200 ij68�6� 696 2,653 2,396,730_ 232,939 �� 3(13,434 lt13�,� l .� ii� �� ! l 514697 SQS . , A N� 9.813' i -' .- ,03 / x ,,3$9162' ,. (Z. 9A14% ' -t _ �. -/- 30,489 728 ���1 I O T , d_ 8.300 A 48Sb,U 4,956 '� 1 4,t�Yt589 1 201,106 7100A - �( ! y • %. .k ��.> > 2,U14,50Fi' ." 713,453 134,32 % y 159,332 C 16„280 -. f . �424,112� 2,314,713, 310,757y 1 >/� A •'424,112 _� �� Z92,T�6 - — i5f65 23,205,000 23,14MOOO, - —2 3,20 5. OW- 3,QO0_ \ ' _ 3 A177,081 '\ -779(. 197414 4 � 1,515,234 • t 4 `. ( ,�_ X23,6 ,403 � � 41,841,934 2932, �` �L8S0.208� Vii^' �F 45,664,721. 40,167 t6'� �� iC - �',! 3fig�64i 18,90,4 2 -, 1901867 -') , _ 108 862,5 1' 108,862,397- A 3 77$,875. 112,6344n 98,81,276 � 1 Z, 1 3,450 � � i 3,4i 1,811 - . x� � — y �i�� 2,2 1,019 1 2.854;021 -7 6,247,121 1 - 226,16 . / 6,475,2 � 15,097,900— ` -� 164,829 1,204 sc►a, ` ! — 1;2+1 04 �s$1;4 635,7_6,53,56 . � 8,294,980. !917Y29 2.6W0 51 1,3JX7 ; x'3,473117- �✓ _ 150,192,2(h 147,443915� �� ' 15,73) S 408,862y 97 S 23 179 55,947 - S = b 897;718 -S 7#803,1$3 S i S 1- ,611\112 ' � S ,403 r i, y 1 r n w 1 e �` 1. ' 9n' "` F"'^ 1 ,I..t` ;� .� ' �'- ✓ T + 1; ' - . f } S,}, F 0 1A" BAOi _-'-- k C ONM $ tATEMFNT, (;q�E �N�JiES f l LXP S� °'AND; )Pk � I'-F,iJh- )$ E��I?� SFFRS; TURL TIT 'T1ELY:1� SbMP4NEATT i1NIT. - L, , �QVERN,�FLWD TYPES AND OtS 4ALANC R Y>AR FNETY' , M6 with comalti�tdtas f 1!915 r f { Debt R66ue F SC[vi0s' _ / ItE�o ysi: SQ7 2, A' i � State SFOnrces (� / "�, jar X16,41)1 �� j 5841 I� l:e(�eT8190t1reCS Sevctanca taxes, ' 'f �� : �� _ l �11 A 0g POO � ire p isR � add_othk (deal rev��(ues � , � � 5'27 775 V - 1pivo6nints and propgrty qi �);' i _� 4�52,1 lSb8596`. 194 Te-i seraces �~ Total venaes /, 4 r EL I *S: CwTent rop assembly' \_ J�,ppq � i 'mayor 1 � ��- " f �' \� : y� ,�1g0 I B6nvugh clerk 'v/ - 2 7 t F �1°""m ` ti� 6IS 19 -_� �_t t - (� r - _ �. T�� - 1 - � 337,107 - - i / ky depelopment,dewment ` �� �-� , '435 4,7 � / 30,356 - DiAl offici _ - ` �8$'.s00 "bP . _ a. < I k E ral mistt :994,673 eney�piedaredness l - SCriW district uppbrt - i d3eniiation I <� �� 3613, 6P 1;946 ' cadocnlre aatnm' t i Oil spill clep , / `SCrV S erg bisdvi� "'vIA70,_170 Fiscal t t /�. io 7" polar �- Total expendifiues ( - / as,(4e�ior0y)ofmven�e, ct {unrder)�p� tunes �f � ��� �Y r Fa M � � I R ANANC'iAJG SOURCES OSES n tausf on fr ioml 1 . tMMfefsipffrblkOth&f ds r ' V 6 i 53,133 in � rbn Y $ Y /Y e out to cbmpune I rtnsf9s eut to biked _ - ;j (1,528,90 ` S {683,22 &) �326j g�� �t }7 l '( / j \ \ �TeE O1f1Ct��f1G1AgAOtA�CS (1(SCS)- � � A �� - � A c. > 3441 ExcecieV) of revt►ueS other Rnanging o enditutesaptekCfu6cittgu - f (4A0,6452 i 1 I 35 ( 7,$9++) 1 F4INiF� BALANCE$ at beg' �BAf Y \` - 1,4 22,870 - 983,274` 2;33,860 7 a ic.��� mb�ts iW reser�e for W in, )Adjist y Y. �, `� `S ��i; 2,972 � _ �- 4'f A2 I S ,0 ];966 - 1�JND BALANCES; at Pf Yea* ; v The i'moinpanyiq \ notes are an int%raIOA of t ewes ombinedfioaklai siateril�ahts. - i ( y , Y � t - F IE 4 , Y V fi A v y ent - tO S r 1R� F16t ' '+ Yt o (MClllflil on�), ' l S ( DIS \ \ 1996 '` S 078t + S �$ 5,630,0 > 4930442 -3,17 791. 1b;53+i�!t91, 1�RS,�I58 4�,1'�S ��289,�31� , ` x;3,8 ,639, 4,15 -1,970 x �G 5,449,6301 8 99 - 276,692 1,049,500 J 0,48,30 4' -f 1,060,465 481>f �l - -,525 t , -/ 1 , 039,543 . a� l'899;33,8"' .- 70403 1,797,41 1,791r417 2063,021 351,139 9�63b ' 9, 2,12k331 35,al \ = T3f1,00 „ 110,009 ')22, AA ��� 300,I90 ` 200 � � 199,660' `387i3'v� :f I . v ' 2871135 268,945 f �� 16d�156 164,7136 'J2331177 : 1 >> 515638, � r i j X 3$, 7 - - 337;107 92,W 65 t ' 'r 465 826 - 454 9P6 1 ��.i )4,500' i 3�4,SA )_ r t - = �i36,485 ��_ `136,445 ' 121,538 1� 1,460,556 \�' 1,440,556 i _ / )_,3 53471 _ 4,29 x 268,938- ^j , 23053,715 A 23 6S3 i -;509,970 2,5M470. � _ :ZO3,16i ; - `� 153,500 21$24; 5;314508 (= 22,338 . - 138;228 _ - i `12;33,1=8 2,",761',) 24 $ 0 0j/ 2,$80,833 0 833 " = 1,37o,1)a _' ! 1,3'10,1N0 _ 1,760,1 5 - _ - � 2,161 � r � 1,416 - � � W � � �_ �_ s - 14,3 a�l '13 4 \- 44 730 1 83 4 2,3,053,715 4� IK649 .6 - 2,489,8f9 r 2,489,819 t �l�2 ��3� `1Q - .- { ) I 1;163,946- - v � 11,1694li 3,84,751:. - �( F 1 4,142,QW fly - 4;t42,000� v 3,450, 4 142;0001 ~ - r �° (4�142,0(l0) (3;4500 r V (,41;61)1163,96) F �� (`►i,4$9;819),� \> {2�489,1i (10 034 "* _ �8,97Z314 },A ` (4 1 ,.: , (9,384,034 (8,7bi �� 1'x,208,$84 a - 23,932,888 2,591,042. '26.Sbjtj0� = ,270,256� t, i I , jf 1 6 S74 'f,�. 8 y 2, Y7,lRxr738 ` $ t ;6,5'23,94 f is - �� l i� �,_ < l • A - - - . �\ emu.. - � ( ^� � .-f"" �r `'' � V lAK-ASLAM,ROROV-OH"- CHA ' GFS'� $ALAN;:E r BtT.t�I'� , �� E {, N RAiL F TJ ; SPE I 'REti 1�TiJE bEBT $ERVI 1 19 , S ,1�1,95q S }" 5, k7 2 jp 4 (85,350) ` , 1 d, 9 f Stete3046 a _ - �J4ffi 903 6 /�� F�ddul sbt ts� b , _ - _ r�� 6 2 9,Si4S ( z I 3 y � j f / e tocoeds �1 .'Sbi ranke l - y49,2(St3� - ,b �� °2K250 k" - % Lice�ises, pergnits,� ees acid other local rev s - �' �� '130;80 `) - 1 0 �. 154,293 lov�tentsfatw property x "Tot rei"►uess � ✓ - 8,12 " ,7 r 8,827 39 (406$10 i } Oorouo asaembiy' ✓ 120.02D - kl0„i0g, 10 1 (. mayor_ , r _ L 20o;1 21(WI0 liorou8h clerk 28,8,00`, ��- 2$7j,M �� _ �� / / �jj35) �- ugkahork y �.i;�r - `� ' / � 171,6W 16Q,�56 ttt,244 ' ! 1 �% cektsparnhbnt �� _ 9,460. a t �/ 618;14 \:. �� 4,081 As '' m ,G,_` �� ) %l ,) ti� � %r 337,20 �;�/ 337,107 Bc - 'engineenng and facilities dep"cn �. )Cori itydeiylopmenidgWunept r - 440110. p{ 454761 , 4;834 wi Buiidingoffic l � L `8S'S0fl_ I ,� JtJ20j % Economic devt'jb / r� : C i �� _i: - pmlhd � !1 e 1 - !90000 ` � 13b, ' 4�S , , ! ti (46,485) � and ad�n�nistl8tion y - _ 420,190 L 46 ' 3 14 07 , ness ✓ ' �,3�0; �1A5 , C ;� 1 � / �S ct t supp � 1 / „ o� �$85 > �90 �_ ?.68,93$ C � � � � � �'�Kb. liealrfi andnitatio}t client, 565,652 553,067 1,78 ' �)uduiad on. culture and recreatip}t �� , p - 163,3W Q *iw -y; ✓ ✓ �, /1 i _ C. -1 1, _ ri` �` :� 7/ S*rrice' district maint =w-- i r ✓��; \ f Vim. 1 7 �' ' - r ,Tot>SI expenditu ^J ti t 3x78 1 1 k 8,794,Q i 4 s �( defioiency )'offirevenefiverder)exprgyd�tusi y j T. 36,617 } _ �, 5,8 �ltil�� 16672 OTHE$nA7kN . bre ating4ransfM infr9m cornPonentt�tn!� (*e pr" in from other _ `Ope�a prrgVettSferSt� c ►pOr[grl i�hlt L , -i1 1 J ) \,�' (3 ?S;DO ) Opmating- ttensfers bid from 081CGfu 3 _ / / 1 (.52 0 C 1. "4) (l, -)'✓ �� I1ePtt�ercag snurcaa(uaes), _ �1, (5,5 (5�9�: �� (1 :� Piccess (deficiegcy}efievemjies end o C f riBnculg svtlrces" L � / oYer (*er) expen¢uutes and otAei g u es ' S f - 4�1 5,410) } .lC \ i '(46 5) S 714,765 r� - - 7 - t R NU�ALA�VCE 7 _ beginafng oiya(r 3,49870 _ t FUD,BaANC6, at end pfthe ye�, ! r 7 �� )\ 11 � 2,9$325 'The tttcomtt�uying notes tic.t►ltttegal� art of t}�ese +coutad fintuuil statcxAet ! 77 7 i t f/� t� C E' �✓ t't _ -". ',Spa ial Revenue funds - Debt 5e1 v iccFuhds _ �' 1 r �. ✓ _ is, e r Favorable "� idgeti �' / Aewsi WOW) '� v �"i'"'S� A (jn vorablel 7 77 547, 78\ ,s; ` 43,4 ✓_ X 953 783 (,5,382 ti S 9, ( fi80 ,� 5,,596 X44,476 i 8�(NJOti _Yi,Q9 �'if,i2 A87' i r- v _ X0,92 >573 (293,8 1 , �_'i�pppp v ���i-2? _ �� (53 , 0 06) 494,673 05 44, 1 ;q y,946 >f03 ( ,59,775 - - - 522,794 / 189'023 3331 - 1 1 3'IQIiI� 17b�70 " OW Sy,9TD k14,360 43,610_ A_� t �k7A74 i49' _ b 6,54$ ' . 3 9t ,9 �` y '3.86 5 f — ?. 666 �," 7424 (197,23GSb) 2 ;�80 `� 489 63,839 425,82 U 426 >I� "� % 326 — �_ 933,Ob� — 952,133 (6101 ��36) \ y . L( -'53 (3,957tfTj4) (b;Q10,900J ;� 3,358,980`.. �l 1 x:3,441,626 L S l 8, t�B10.3 1 XS_ (�,20�,136} 3 '(3 Sd00� ( 985,274 r 2,3,15,860 - i \. �� �2 795;6T�� �ti >> \ " 3 `1,0170W �� 1 IJ�IT 4 ��' S"FA'ty OF REYI?1VYES E}ENSESe �AN} 046ES.,3NJ AIWNEP EARN1 }fiS .� 1 NrnisLYRsn cdror�E�rr tn�I' - t � D SFr 3Q,196, (with'cFgtl}ratve #otats f0> ,1990 \ fi _ Et - �� / - PrimBy \ i \ 1a1 i /Gove aedC u - Seta ' {Mem- On , H, 1996 �� - yr W a 1 EY�FdiUES - - S 43'x,272 S �I _ \ /� 457,272i / , , _ S '� 4 -449,917 - Sewpr9emiiee>-ges \ \ 557,107, ' / SS7 . 557,107 551,272 '1 Soli$wapeeot(ecaou '� ( 1 �� 1,391,921 � 1�393,922�� 1',3113.932 v \1,205,065 � 7 �So614> - - �7Yi,216 ( (7,216 t ' 127,216 8 9,¢30 a�giimt ,A y .-1 l 9,a�89377�, i 9,289�T1 { ! Iosglf� 360 . �- °' 13,600 y t s.toiberv;«a = �asos6 _ _ s6 16 i�s6f i 623 ?05 ; - •\ 25,340 r , 7 239,E 3 164,457 *,046 a 30, ^ ,Sh3; ,561,504 13 7,017 IZ376,152 - PV nal meek j- - y96 1 1389 838,530 y�J 5,212 1,085 4 _ l Soi1d wta oR1 m,. �� ,2 � - 108,7,242 107015 . ". aad x►Yer ico(m t \ 762 cy - �T6TaA58 = 767x458. 1 746 1 C�elvilXS ti � 3854 t _ 383 641, 841,2x2 I _ `1,294403 -� 1,046,397 33,092 131,713 i 31 ,$79 . 4 5% 5 " 3 2,00556 � m \ 'C29,309 114,92� 155 869 5f1,790_ 493; 03_ j,'964;9 ' 93 - ' \ 1006,83 P � %IZ 49,667 171,59 1 ; 771,391X 1A7;461 29,3I2 272 841,814 \ 883 2s 1 7. 22,Eg3 -_ � :. � 3 r - ,0 0 2 !rte �F �r�2 1 52,631 \ 216x93' - 1 y , I 376,29 \239,695 Wit" g. J (1die1 - 733,367 733,367. E1 go 1 1632_ y 449351 �j 45 5 \ i-1 '43,935 ' � \ 5,445,611. ?3,553 i 6,4541 9477.*' � 12631,60 8\%) \ y l - X2;281 154 =) (2412,651), ` 1 228 . / '1- dwim f \ 62� 83623 r ti 89.04 bdbae3 ��293,326 l 293,326 _ 50,000 r / 2s5b �vv . ? 83� ` 6,80 i2 12 4 AT-,2U 104 '72„499 {� ' -_� A \ `'d2,262 > �• 72,262__ ' 45$,x0 471,6¢7 218,379 �ti C2269' "� 1 (31,497)- (2;3W 3" 543,729 (1 �i6,6aklj" _o6boo�H�aao�sh►a�duaion 30 388,485 >, �483� '. Luria +a {d&r6as)idYelaioO�ditnmgS _ r �>' (1,880,40 (31;x91) {1,97i;904) \ L 543 \ (a,}6f.17�5) �' 345,98 1 �' kOOd eafnii �s at lxg bf�gar, t \ y 936 �. 1 1,17 ;.097 f l 740 } 7teep em ead ofye / S (617,4 ?lJ -.S (119,3*1) . ,5 ` 7612) / 1t 4 S � 7:48264 S 2,8S4,8�2 ` � ' 7�pooas ire ao .mural putt ��Kr ebolbiaeb lSy ,�- / `- ,- \ \ 1 I C 1 `\ • i \ � / r� 1 J , � i '") . s Y. 1 f ry t ` T�(hD�AK ISL:IlND you Ue r C ISLAM — TATEMEKT APP TETY FllND�YPF.S�ATD Q[JTTE, 131SI�ETI Mt ft CO T ?S'AR ED 36 996 {with atmpatativE tof fs , t i9�5), pT t// L V, l �. ( Tmsli . � B " Nity i ate) " / QPt1tATtNCi' ^�.va' °(! ( � ' !( S TO REC �228I,15A� 1, \ (3),497) (� 65t) S , 84;324 V / (Z26 -, k � N ON&E V ) r _ OP6 �, Y)J 6�1 EXOSS) TO NAT - i < � C 45,5,92 / ifs s� ✓ ' 511,7W �A9�293 _},06'4,993 tow $1. �, 371 ,593 Pauvitibn tq?�md6ll.ciosuei �md poatclo�lure - i �_ % 1003,936 - '2 005,956 � 29,34 Chango in asiets7nd li C ( ,> 4d S �� �C�ugtom�sao� patients 51,430) i E C - ('31 ) �S� 2 �(5)�� �. -" 9Pmd T � � k . 1 � _:� ��' (33 691j� _ one bN$o6atl Suodd (29s,700j ' L / f (25.700) (�99,77b)), j t°16°'° �m9a�ept umt - b! �p a l7 t (207,000)) X 07000)- - 1 ,pOQ) A misjimysWe - A = ) ,6t ' �� �(1 908) 3 7 53,404 — 57 Cpstome4eposrta i , 6 �� "(' y y l A ( 1 _J6,07E �E,B r �� , �! � 49,414 V nae �p die 4Yty gfdCa] �Il 090 z 1,0 f 1 a 7,200 ( 4abiNti4s (._ ( 5,063 ✓ ' S a14 16 ,203 326,}64 - 1}365.444 t.0� J r ' r .A � '� 026 / Net cube - ded by (used �l �,_ ' C ppaWng 1` \ X� 410,40' d37;6� CASHT DVOORONVOTiCAPITAL ANDS. RE4AtED FINANCING ALIr4TIES otALskd.Rpv�uaSbniogpaymaus i Y_ ) y` *3 Y 8R % N��asb provided by acoca w \ a _ 3 l \ 81,613 l 0,040 'CASIl FLOWS Ffi1bM y A % yi !\ ! j ✓ 62 ` RELA` W"NANCING iIVI�IFS AcgM6sioanpidenotetat'assefs ('64 >.sbbj (pi 729) ` ' (435 I753,1931) {E8>�4E2) J(366ltsaj' oflad E7 ti c'an�'ibu :t of 00 we�ticte� >t, ? '� L �� X26 243,324> 50,0 "ofgitks ted.by A far =001 ' saab Wed f� c4W � }elated �(6FY1 X449 976) € CASH FLOWS FROM INYMTiNG ACTWITIL.Si- trbose'uw' rndWd f / i x\ 1 k - +E�En4 o c A l� ,� 1 �Si{9 60 Oil �✓ _ off EXIB 5, B dick# 0 639) - �3f2 0 7.2U � .ti I -72,4 easb bYjmv(itin8 acuwtils i f , 1_- . 2{ r \ �T. i 96 31E 4 , j� 60b m cep and Neb e / `) l t (l QOT ` ' 2 1 752 4 ,523) - 605,713 CASH AND i \ ti — EQt)LIVALE[�T1S 9 jar rf 11t, Y 1 �1 166 101,2)T 233 77 1,604,930.. AL)at�¢eeadofy�r ( �� 10471Y "S� �i J2�41 ;;7� 17Qfi 5 � -� \ CH AND EQttl�+� T .anf� — ,- ! i - Y.? r -, �f; '' ;�� \ Cass aad a egrgvaYe�s °'R�°'MY Pe eenamry J ai4d tetopotarxaps)adins tbo�e "` ' "�tesaicsei ay sbe>u i \ 1 >TbC mtema(pr( f l + ib (, ofihex eom v a - a Xj KODIAK TO 'IT�E I OON .� FINANCIAL. S' T` S F� \�0 199"6' � �� ; M��'� 1oiw.�'iC. - irir ;', a i.r..►� _ fir.` ( -,. ,�IiEJ'�t 1: �tJOiMA SIGN A�fit'l' \ i. rAC,COTJ�_PULIC 4s A.,RafingOY i In6 Kt i& Island $orGugh �Bo�egh),in'as otga iiz6d Complete fvnaric att statements ,'for. eaFh \ of `tlie: tb :perf`o* the inunir s..Ou`cies allowed by, ; Alaska - r -Indllividual. contpotiew units may;. A be Ailned at the y 2 \ \ - -'and $s / d'irected by itsresidents - As rdquired by entity's a dministt�atrve bff ces� �e rsrally gccepted _aaco ting pro i 1 J ;fit►ancral state is �prFsebt �` gov eat �d It u�. . K" IslandBor tg� $drool District cdn pen vwaits ,` entltie \ s\fbr . wli\eh -thq. government-is ?2a, ill BayR bad _ eoliid od e be finac #13r : accountable. ,, 6" i y Kodi y Alat '99615 _ " . discretely presented'componept` unit is reoOrted `m D separate c in the co: nTiineti� atlmal� 'TCodial� IslHos�l al! d�aia Centel - to emph a legally sep F m the ga e Ea cnnpent ! l ft Rez rive �'ii'e iBo�eugh. re<!iew '- itsrea�onhtpvwith oer+dc Alaska org at ¢ns ` andrdeten�nined that�the { follgv�ing, two - ! -\, _ I i ` y r . -or nlzatiotis -ats componeirt urritsC i C¢llumns , oi� the combined statements are - / ` eaptieirled demorandum,tiDnly t� indicate that they are I, ( Kod Lsland Bf rough ''w;choor,) istrict ate B4zfotigh stinted ohly to cilit�te fi coal aaa cis. �3a3a . hns'.,d *geed. ttte �responsblllty for' ublic . ese,coluntns doaot presOnt frhatt ' r \ x f �educaODA to tll "Wi* Island Bd Sc4oel_Das�triFt ,of oiler ins, br cash,`_ o�vs -in cdnfo� ity �vith' (Sctiool �l fistrict I In _acaprdaneeth ¢tatutes, ; to .r g�encraafl`ylac<eepted aocountiil�pi�inciples: N$r are such ' Borough retains owq,e#fp Of ther� Zducation rel data potnplamble ' i � 'consolidation l Iwifunti Nfixpd .anti iilc e; delft, rf e necssary, to finance _ e im>bat 0 S live not eez made in the: sgnt on of _the acqu#gitidri �struction of "' ool facilities. ' da N T17i� �arough Ass, mbly approves the : t6tal', anquat`. _ udget of the�hool Iyistr c and may, during he;ye�ir, "CQrtaiN i X95 bijaneas h to., "�,,� Have l eh - .>reclass inn 4r decrease • total ap�proptulidon: �- Thy _ ;� conform :to the current y pres on. Borough . Icvies `and +col eCO, tpX0) for- 'the, e t�l� tiBaS1`4 0 1111 a d x j ' f l 1''S of . Kodiak `island Hod i -an(1 Caie.Cent�r' 'The Borough � ✓ owl dle� l�sland I osp tai �l'C e,,C , r The -rpceo ats i�f tt�e $c�kotigh; are o�g�an>zed aid CHduc('is i,13orough ,bas � rated.on�fihe basis o fltr}ds aQdoulit�coulis A ,l ca� itars pp�g'actiy�ties'. Ito \ie fund is an dent fiscal and acco ,. ,� - L.iithe}an Deiiw S:ys Management s C(iju zany, a `f a self- balabdog set of cgdw F d' g ; 1 It cot►pany. Any 6 lasses segr�atimd� ordujg to >tu intended sa tent as c ally�\defip�ed by ,terltns? of- ' aztd is?us_cd o ai maq tint ernonatratin ' the ultintaate `res- esibtlity of , the' �gmpliaaoe fivan�e- related f cud' cone ` r l'°cociyh; :Annual contrTbntions� is _well as direct - OrQvisiov* The `mmimdtn nu ( rk off . funds d are t paynellt fbr equfenf!aiid :plant Tpaiis are made by Inaiined c with Iesl and managerial the $h to °" su�as the ;�I�spi%rs financial cgquirpments'ui� ;groups arp �t repot% device to o xphons: I'besie _ contr�uhons,. and 'direct >paymeAts count ( hor certain asses and- liabilities . of they �- u o d a� expenditures 'f t}io Borough s .G'ene�l ` "governinenial "funds not ree©rded directly in _ Pt f F or Capi l o ects Fin ds: ' r v �ftiuds i /� l 1 �.I , i - , ✓ - X l � w� - ,� I 6ti rough lids the follow I fund t3 s and'accou Y The` &ttf �S Vick ccotOttfi-for tt e \semc• g off` g6nerat, - 1ong�teerm debt :.dot being �fman bar propt r tibncx p4(6t- tntst f6nds. o�erntiental 'fiinda dare use to accountr:for� �omu 's ✓ xs cs al; gove ent aottvttnrs: ' Cbpitol rojeG7s naLSAccot}nt fpr ttte ac u>si4ion g f \ C�over l fund - ty s 'use �xhe >�low vof. enf fix�d_s et�!b #.}coast dct of i4ajgr Papital Protect . resou rces ypeastuetnent focus and .the , "'rioting! 1`manced by rietaryc of noxendable c �. MOOO accrual b�s of accounting: _ Un#O. ,the trust fiip mod a accrue,'balsis of, agco . tin i 4v u g� - are �, s'ecogn d when st cepti ile�to =ac a1 ji Who they 'P�rAAr eta l ds are acco" -- d f on %6 iflowi of V - are "mais om attd av i bl ' , �eeasura�le'' means ec no reg taxes' zheas . uremeV fuocus n and 'yse the <, Ake amount- of the. %psacttoil can be'':determi*d and, ' �accnmdd= ! of *Ccoutl ti i�, Oyer thB�metbod, ` - avai lable means collectible vKith m curroi period - reyepties are - tecorod wb �e d,�d expenses {rer 1 or- s'oo�enough'there4 r to, l bikties of xhe iecord a lta t tncuEred. ',Th cm)rettt period. The $o ottgh ottsid all n gnues; flor�ttgh ies ail ap l a FA ' "onomcements av Table if t�iey a epllec ed evAin 66 diis after ye Lf accoun Wand ; : Ftutg:� for,) rs �propnetar�y xpepdi 'es a r orrc d w . the rg�ate i fungi., gperatjc prep fiin#s io . i & the following liability �s incurred,_ except fan- 'unga#ur�d, ilteresv ob ` find types R 4 ehneral long- tem.debt which recn �i ed when duel, r a d certaln compepsated ' ab¢encoss and claims ai}d Eder rase funds y aps used _ to ' ac aunt for t . aihieh' are reco�tzed hcn';ffie ob at�ons �- ape am -art& s t at ,fipaoce 6p�ted lq 4 m y ` f rane id) o s ligoi ted," i e vaila t vate'busi ss or vyhere :tTte \boa7d llas r �' �leci eti $tat ihe.detetnation ofeventf�es earned costa, a d i an net m is necess c +` Y u e . for', y / Pro ;, taxes, ,franc ise ; taxes;, '�seyerat ce ` %taste¢, y �mapagement a countabi 4 lice nses , interest' , an, tai /e eats i � I _ - susceptible -to adcxual., ! ' uece t�s ,ices: 7A 1' erns Seryice1 ae t f( :opeta�iod� that !J become mews u le and available' �wlaen <., # n isi F ovf a s v e fi loth oars or a$ cies ofth "e' ' i ced b the ]]CC gliand ate recogu d as �`eventt !, ` g errtment, ` li -a vo§t �e trb e eat bash: - , r v y i atat tune `� u r r �� � `� a 1 . f64 as$etcs heM #►e -l3orou F.ntit�e�nerats aids 'revenues are 7ecorfie at the^ in a stee da ity or as an agentbq o item.'/ ; j r time of f Jr iejmor earlier if t- susceptible -to-ACM l criteria am met: EX end" iii t Tfie ale crite fan pis c ial din natur t►d does not ddri 4, recoijed as f reve ue `wheue �, rr3'+ of ns or`have h,, asurgm�i v expendmires Have -be \ incurred end°'ali other igrauT, fbc fortis `a#e' &ccotitit fpc Fusin n requii�ents have bentnet. : a►a aac}bsia 04 'cog d��is uspdL la- accounts or 4", a� -t .H ough , olds, fo oshers� Ciover�nmegtal�firtielsin elude thefoliow�g dtylsk - inan�geticy�ca i r'� 1 tiY l i 1 1`h f neral fun is the Bprdugh' + roperat n8� E otiut, : �'i'lie , c�Y assets! asco t fund. � ge�f � ,It`' acckounts for, all,fMifi iW,re4 urces.` at` the , F grouj3-ls�usfti to �accotint forfixe l' not lccuunted : f general,. goveriu> %,` except �thosF,` relgtt�re�l rti' t fgr5n pr�ci one at 03 just flip s1 a genes( Imgk�+id3r; aceouinted for to anoier fifn - ` trccstn is. used tct ccount or generlong�' ' } - i� - terns d6bt o ho m gtheT' liabilities ' trig - are ' e s ral#zsvetrrue unt o oti i Tl pee' fu aceo rf $ ue pure s , spceiiic iiabifities 4propfi4iry or tdust_fiinds i that are legally cted'to eap fdr , its; :� T purposes uied> _ not 'lut1g . exprble'tsts o� infiJor�' �' = y �� _ ; - J, Catiitojecta�� _ �� . �� � ,. �' �I � '� y � ✓ ! � � Ili � I ' � �� f /. r. � V ,�l'�_ � ��'f, �" �,� � 7 _ i � � � � � i` r � /•� ` � '1�; � _% L�f 1, ., � ... y ) � � " , a � 'arized ilelow are the ma r sources`of Tevei#ue "area to det�icgute ,*e rea onibleness gross am jtttts 4 �,.ax>}d tl►e applccable r�cpcgr►it ° pglacies:,, j reported'on they severance fa�c� t tuiips� \ e as P taxed, are b*sed� on -the' �nter�overntnental Revenue State of._Alaska shared -. , ,sad vplue o1 \tatcs}l ie �roperti ` of. Januaty` 1 revues, n uhicipal assistance, Mate a eat - related , s t6i AlasJca 2.53:13 thf Borough entitlement programs and State levied fazes, tag esmblishes the rate on or, before June 1 5. jax bills --l; si f whichade di ibiited WAocal governments, then msilod on before my Ist. \ s cor� r itt a ' scn ? Xea �to�whieh the}c. iel tf 6cWintai exual t year end�4.€ W'.pa 3'e� cue are Taxes ati- due �vliem, bided. Md' generally become measurable end rec+Fi�ed vVithin aapprok' atel}y� -two - llnquent on dr after Octol -,nth. -The r d a�ugh coe _ nign_ths after y�e r e i' t *o provides f�r split pnentsr: If a' , tay�r avails` r liitnse�f o( this probisibn, oneAlialf.njust b6�&W" on or t ' State - of-= - Alaska end Feder ` $o"ent cod , �bei`bre Ao*ust Uth and seen l fl comes due on rei i able s sitd con ark i oiled to the orvbe l�40 bet 1 th (m iie}i f l obt'r• 1sYh).' ex of allowable ex tt i�, eImiod in y+hi5h_ BO" � ro tax enu s . recognized Mures N rev a gn�zed � in the 'd►e expenditures ere =Ia r ux t chi they becgme measurable andl wbicfi' is jenerall�r year ' llowing the , Revenug fr hiv estaieats and Pronet J�mbu is year'�tlie tax b is Ana lac " �e ned on- 3r► yeptment`of avhi bIt Bash bailanees: and the " n i`s l ildi�n fagilitires , e ecor, in: they eriod to U7, V I Ail + quen� on eanbet'�l th�'ail a taax •which "Y relate, ii►c1`tfdiog s ac 7uaha :.yFar t gf the 4 if ates osu�e ces�s nia conune a as' outliped in balance d �'Qk a Siatdtes , Title '29 >�efly; this, entails ffi� ? petition for Judgment a�ForedOs signed; b}. the ' es . 1c i cr 1 vefiu6s., r � District,) Court Judge Elie, publ�atioh . of all ; Almqun;sre eiwed �ufsua it Rand `sale ion area 1. . r f deli ique t fixes ih the local newspaper `fpr i four ° record�tI p the Gish basi ,None t Poi*na- 0., V ) eoasecutyire- +enks. l -team receivablerdu Ai6o Q'o ype 1 e Yernmelit�i Film:. - �repnttcdvoi hg as�neiated buta�ee sets, t► p 0 1 Real I - pelay ,t c ens are enforced by ode genelal ,titan spmpding meastketneni4bi us. �Spe.ciaL >re�rtln� , R j \ olgutej pros;ded * ? aaiost rth� dglinqueAt treatmts are' u9ad, to 4 ilite, >owevara,� that They. + d �'P �� F ? ° - V should not `be confided availa�l�e , e iesou�rcesr since \ they ; do not li 0* net �Gu�i¢nt�- SS,Sets, ' ' v ce ax , Se "vennce taty areased'`on thq Iteaogniti'c�n ` of Ggvcrrni etta3 F d reven}tes' , i J . amia lu 'end valug bf�natural resources v6Tl from the represented by- noncurrent reeelvablles is err=ed. until' t 1 r y �nvironmgnt. Toe i of resourrces , . taxed inc�de=', threy pa 'd ` 4df 04 avel Budd mineral- resources, Wd - timber. a ✓i .qd ozance tpx aro�Fns are 5er�f rd tla . p prt�pria tier lgcaf �ec , even s ar d�rde bn bas . �oitsistent . c� panes �deter�ined �y ha B gh as�se�ssor�, with thee, not e. >uLrcla me '. to asuteu►ent ,at ,and ttxe re i�e� to the $otough-Finah a DepOknent. a abil,W'standards. r ' . F There4t�t . are filed quarterly; and a due by, the re ''J o fire Ag bIlq ,the- quartet"sr end roug 1 ti of \A ri 1 ions A T' sdYe�nc t x ve ue� ape teen n"d;in.�tl e fisdal - year. bv,�Stat a Ls+cal Gm�e�r al lb s, _ fi ^`!""e i te 'nr�easurab�e and�ai+allab� genera when theY.areuecei j d.,s a ee gh to p i l 1Jgring the year ended Junes 34 1�6 `the Bopugh .,rt jL a penditme s'of the regent dal ? ` f i�pYememed= GA$$ 27. '} U'ASB, 2'7 - �tablish s` ` r _ 'v- standards for measwdmmt� recognition an�dis laly of f ' T4) enure aupacy of'atnounts of , ad�l other =QnXpefidittivv�slex 8nd ielaed liabilities, 1 seafood ,Ea ishht; the. Borough compa ° be mount of, discln�ures required . upplem 'Y c l i ckre�orted -on ECie severan tax returns to amounts inf ` There . was no, ';ltpiu effc on the y tae_Aked St e ofvA laslca epartrr►er►t of�tevenues Berougliys fi 14;w et► ems from the addpticpY is .rood Vie. �� e pf ilaska t H of dish j& G e._ stmt. a► - for :rdci : e1, - and'_ltimber, the ssin office �� �" J �. g - t r i r v pgriodi��lly; does a sate rcw of initg/logg the `m�n , - n i IT i h I <, �� < ids — _ti ' r. Budget§ as Budgetary Accouatictg ` 1;�un21 enemli enc the period, rolm siwr3 up t projCct co npY iotr, whit is genera lye, ater one year ,+ 'y ��_ 11W Borough folloi�+s these procedures in e�stbishiu � '�.�prc�priaic{is la�(se et ,year. end ttt the extent,,tac 4 1 , the budgetary dada reflected ill tt cotr�bined final�fciaY try ha not been expend for alt ds�ezcepr) � sta nts r t { r Cap f acts Fu tds�pnd - bill Spill G eati�U, V _ -dun , t► 1Z Ia� a at p 'pet eomplation , i _ ' sub gut to Elie Bor a r A F y gb As >, 1 pro sed operating rudg�t 0 -.l`or ,$e g. ` e€s, adapted by the I�orough� Assembly arc,p %) fiscal year cowme n tl►e folic jng� Jul�c� f the ` i accc�ance "�vttlf . °gejierally, aB�eRterd gr+co o tit► . b, t�' udes = r�� Re1 -g� }'_` An4 the ineansQf Rhtancing�i�� a ' ',i_+ Y 9ldditionai / aroiiri'ifns� "for certaiq fluids were Public - cond�icteo ,b _he' gs are �� thh�oug r enacted dings year r sembly toy htaia taz eF B pa er � - th , `; �. By ` in 19, the budget,;is legall}� -enac through` � �� 1 b Jun ��� adq d b� _ - n"rs and t S�ahool r, 1 and for a evenpss, expe assage o`tan 6rnin c 1 by Borawigh lkssembl}�' 1 u►ter�un traasfe�`s.ydge�s are Prd: did "l�tesented`�' fi 'action. If the orou Assembly: fails top a pn t e;modifiedi ace3 .`basi ac�untin9 Pursuant �: ordiaance� ;d sunitted\by the ;Ivla�t 'to.a� 3t�Cttitc,�theic�pce�lbu et is aubmftted to x \ fbeopmes the ddpted Laud t: \ i ; the; Borough .As nt lyY for-ri�vi f'- npRrovai The i re wire o is oD e� a oo � ;�� �- _ Y � A " �E� PPS' � t' 4. A`wendmepts "to the budgdf acarI ocFur an tinge Distra t rbp�ge�, in t6tal only a d, y :ordinance duffing t fiscal- year tKrough�4 jhe �BOro �aplrropfiate i ,t1Ae nec�ss + i reiio no'/ liter ' A=04 or a c�cninistrative action} �eneratly, tl►e, fi r pril 4'p�f �cus fjfscal ear. \ i follows actions are ui ate 1 v tha 1 re9 lo wit particular rkr¢nge: T- G ' Y he QOI �0 reteias lid• its au a itj+ once the �r R r 1Qcal appropfi � on is, gt tby� a Bc�roug k a 1i� iaew a�SP�i'opu'�onsv� efe juthbrized � y �ai ssern l ± In th ad J 0'rt t 9�6 �the�e were pprolrri a�on orAinance "theF mm ends th¢ atenial 1 two fan!itat budget r+isic�rts toju�st► i�#ue and,. budgetwrdinangc \, _ ; t ' e c lu es to *a aitablu;,rettiwos at►o pi i g* n!' ds A\ t b Ar. reso utidn a rvBobu y iii s to %' -Ho ital optti(ti Jveot,legallyiu o #1t gh semib y �E q uired to niol q, (appropriate) arnoun b�t�veen_t '�, _to bodgeted.< ✓ F '�; �dedntsd rojects,. s ! t ,,� � ::,�`� .: V � _ ,?�; %r�=z�l�d;Fu .euity c� The a�ftJnist 06 { author td }d i'ract�ed by the y Borough t Assembly W effect � the ne esstuy intruna ' s - dine it chattge� within,the'limits -=' tttblfshed biy a� \ Items (I) anal (2ya>sove by'pt T�az► actip�s )hat uld� "bg`r seated as \ reye ~ s,;: \ nu anil'e dares \ pr y ' r, accouj* report edeip�ts expehditutes bX s -if h `y�invol� 4e orgap''�,�Uo to brl m011tO $ , �. enter l -�to the $o�qu `shnitarl i ` f t y �� O batyve •1rSeffil�nts ft . end tune not Ie I Xceed a may ga 1�y a apprrc�iiAnations • c oe d tQ another ed as expenditures . or at e foil win ,, leveis� Capp J jects Funds es of iu �and a reds k6i of the project leye] !all other fonds- `depa�nt lel.�'diturs or ees of rel�nbrs+ed fund. r - I t. %ran§fersmun mve�tues�lto funds FPI - l C. All funds, ezeept appal Frojeets Franc ,at►c� theAil t roug v�(hieh, 'res raae,�,t�p 1�e ei pendec sand /Split C1Fan Jp Fund? yore ,bu tced on ,fs On operating" !loss s iba l r8re classified es 6p ra ug i basi�S _ienFb�ti�3asting ` a f�scai year. Hud is of fifers. : �I� a�n t 4 rou ne '.Ur 140rs " of < ti Catal Projects Funds anIhe,�01Y Spill C1eun IIp equityietee�rfuttdc are recordgcl as equitytre�ts. ' - 1 F a _ �. _ �," \ f tes �b ce aecouptmg, sunder whiff 4 ase orders, arati of ancial s temeuts. in -aCC4 with, P► p�P , coin- add�othei tents forthe� of e�nerall a2 �cc, un les ... �5� g Y C ed p P �. p n•� d lbrie are.`recordrsd.in� reset o resety 'tfi�at on oi` J _ q , , Q �` porh - mwigeme' to ztialce" e�icdat� and assunnptiolns that th r +b�tdetarys int o i u� thettae �Actua may r d f th I'\ L v 7- a on forniaT i r from e f Genwa�l ' l ' $peci�l !Revenue h undi and 'q4 r s.' Si�ifica�t estym es n }ucie the ll yvance �y f'Pro Ftir Fpdbmbt�ces iutstandin' at yea{ end ; ,for o l �scceyt4ts,r the ~,>{se uT ibes �vZ'>l ets and a' as re�eraatioAs of fund iafia�toe�s sfnce7they rela Od 4 eccumpj A � depteciat on, accn�ed;` Iandfill, = 4Q, riot consfit* expFnditures�rAiabilities: It is a closure a��i clogat care costs. tnLare the its biro funds ers ,i - s, pF o� d; all r \ x A h y I, - 1'�iEI�TR V T CASH T,E RARY i1Nj�E��PP'1`��. t' poo pupplies o f e . Born Y� - h balanc4 of_most �orougTz tim dsAut.. led in -� Qpara�ing . ug�i Cad r \ accounted:�€oA sin *� they *chase n0o� and, at `,cOntral,uvgsi y. I.aEh futid'typers potion oftitLs boo is� June 3 1Q96, 'here wbr6 no gigtific►t ugaoudts of displayed on the cQml medlbal�n a sheet as "Equtty in t y SU�pS. —� f, ceni#tal �Rasur3'�" by severIn additiRn, itlV.e$�p . area \ r 1 sep�tgly held at ough l oft th o s' tudd �"\- �ReHre P s Tnve�►ent�,.other the m�es +eot" in the defect �outipens�tia WT1C}IS cai at. �/all e, y T -t a emp}ayees'af g :Soroti$li` 3 t> Sehool ed at a o d cost;;u&low� -df� r B' 'either �laskaub are ang read R !c _ E ,bums and ph "kv0stmen o .�s�°ut'3�, # - loee$'etirenet {►T?RS orthe IIska i ,off the :Tife o ' �h'e' invespnet using ,thy ,st -Tide erg`" Retueanent Systetp (T�. The Borough and__'. method cif gmoon. < ! ri i 1 Dacc�e pen exepse which include t cuix it'co§tsa.and atnbt �Ripn Dior ce costa. l sits .4t June 30, 14 the, c�atryingAmot�lfoft� y 5s tound accued t t Bokntgr's deposits waa1;3�4�F339 anld %the' ba." - balatlge vitas, $T,�4T,947, '�'licf end t atilt isia4dc s ye insured y they ede aT�De;fosit ` ln�suranCe ,_ \ iecbFd ifs / tY f Corpdt�t�od ' and colll►t� `b3 Gpvi �a �r Yia h accrued 1 �Agta �Obiig tions and Qen Ob4gation�o of a 1 Toav a the Oovnme:nW l: upd. Ty or fior thb aunts � � � Municipal,* lbe cgllatet^aT *held in the Borough s : r estimatgpd to be i�iridated ` yvi h current ati ilable, - ngthe at Statetree Baolc. > The ' t tit for accrued V av not included Inve Statutts }uttliau l ;the Borough. to i +est ^ - j in::tlieernmental fun dis 'fecorded, $n the - States, and ,tits, political �subivisicfn`= 'savif�gs acc . Qeneral LotYg Tgi Debt. ccoun � of deposit, ba�ilce�'s; ectartee reP iae ► _reemet_rts and -sueh other � %W .sec ty In u en � s, r ti ATI fwids recoid�le�fve (hluding'sick leax+s) as ea; The $orough -Code moires ' °all mve "std► "to be J - c al a>d/or insured.:il ed on \ investisats is recjuu�d'to ,be heloft $ifr�ughiy a "l highly `1 d1» roves news, u Wing, 'd ,� �tia* baWk / t y 1 assets, with - maturitig of. three inonth or' l - - 1 c:on3 `cash equ va is fdr �rpoles_ of the y \ l� = tdance With ` Governmental � €�bitpting \ \ ? \ �t of c� . flows j This inc ?ode`s equity in. centrif - : ( $Madards .hoard - StatemO't �1b `3 ` (GAS1 3� `: i asury n . aiid co equivalebts $nd also. nivosbnent�ss are cntegorued a klo*s: - C-ateg ry 1 1 b�, invi;Stmq s' and �gtutyAg .9311 1, vAsury , ihcludbs investments that r b T� pr � - ■ < < which$re c7a§sified as' "restn�tecl ash'" fq which the .s6cunUesliie*h by the�BQrouWgr its Ol agent to ,the Bo`rough's naipe . j Cate I / Y.2 �udks *M16 lt}e^sewrities dre,hel� , by�the countei0arty, or by `- \ t tm(insured end stefed. invest tents, -fo h the its st:'' h rl ent but of rin'the \ !'mom' l?"fi in ,, �� p � s sectttritips are bld by ,tie, `ca }to Y' t*, �/ natpe At It e 30 ;k 1996, the orgi► lt's in stntettr Ide�sarent ot�aent iti tTe f6rough's ria(m�e ,Categoy'3 balances wo} ca�eed is follows ngiu S=_�Is�uie�d Aad, u vestmeb� foi j� 1 a w - T g f . 114aiicet ` a ue ��' r"'^ -v= -� A npi�nt V°W s ��" U.S. ver"erlt�Secur�ities S 15�; 79,71 ''� , - 1; ` 1$15,t179�7.1 �S 15,191;�37ri _ - A�qicip_o $oqds' '1,000, i . /� l 1- 00323 �� `l 006'41 e_ rti icate of Peposi �� �r. F�, t v 100, (� •ice �. �� �� �1fl0,1QW� 1 - f v 16,18a 41 - Y6,180,041 1;16,291 _ Monici Lea &e Inve§�ent Pool pal g 6 ,765,529 � 6,70 ,529 Deferreo Com�e�i�satiori�I?1an �� -� 51 11,_ 1 8178 y a + > >. Total 14vestments .> �' a v 1 $ 24,7 1�5;1 64 _ = ibe aboWe . deposits of $1,344, -53$ and invest is of NOTE H2O�4itAI Al IkQPRIATIOl < ' 524,783,298 xotaQing ,047 537 - imd r #1 P follov tg :d eapttori�'tn ;tbe comgined futancial fly terms401,e op za ing a reetgettt with uthe stife�nents ` \ ` ` \ i 'H Sys M"ement tom nx, ih�e o 1t 13 -_ ulti»ate�ly_r�s�potible €off ing josses, 3f, any , Aq PLtY W9 sustain 4 44L c T fi OdMxeash ande ivaf�nts �294,6Y6 1996 the floto; r etve�c! shar�cl f�venu��arit � z+ �• W 'al u p�a poe ndhig arrar►'gtliltnt J J o t i8 Mutt of $i 3 ,mq6 to by hel �y pni teq , 5 0$6 r p it t¢ug1E .to 'the' Hxispitil: this a�rtount was, / � .By- denorforspe N _P "se Y i` }! 30450 feet iec _as tevenue l tli� llo � ' T EC� m ccilt,4"sw;y —'resuiom � 12,345, A � � t � / ✓ ' I i v �- Totat deposits gndiri'vestmedts .26 �' E 1EN't~ 1y2' R eat System � � 146 �� ANN) A 1�jOP8IA'�ION T sir A' vt - ( � I 904dd DI�STRIC`'�' � �i oil 30, 19P6, _4 regttiar e pla�+ees ;hi,' rots t' wbo *0qt mori,#o �t� ifleen hours per week 1 An " PrsPrihtio ► s de Ito �d drool Djs ct ctP to the ;F 1 �PubfiG TmPIoY_ees Rettrembnt { T i n a er _ System ( ,: P)rRS. �$ .an ageat ttinlfiplt {np1pyer, ) C o to - ,Provide : the School Dis i�Lt witji total �� r ti ` cesan'a fi ` / e �_ sta da eki lifEt'. P by the \' ° yea in ampuiti to .bu lge�ed , l of A ' ;�t cl �vallatble fmaacial tep�rt - , itires r �� r XP�d t� i , a � � . {c�� ftu'anettl �statFme �� i� r d; / 3n addttgno �he� annual npproptvatigtt p1em�►n[try t#tf issued ly b: t►e`$o$ott { Ott may b �uvritiug #0 State of rf t pro *dcs the ,Scbq�oi District, "i it t c e; eneral' - - � lia�iiliiy a nd: property Wanee Managemeit A� a}tmentaf�igiistrtt ott, 77ivision 'af :. ftd eltts I�,O. `'Box , � 1 -0 03, �uneau, r , lbfotmatiQn $y tam, andifi �annual E'auds�i, Rs1+ m 9°e � � � � '� nrc:seflegted -�d s�viees in t�er1 I s'tetemgnt ofthe iopfp t _r t .. � J A J / k � {'la» desct ion. - FmplQyee <,Irired yior to July, 1 o IttLiflit r ntent C or more years, of credited � servic entitd tb amraal' ion benefitsgidt�ir�g at ina1 �lj / regular .etiiplb�yees , the Kodiak fsl d re for earl j� ret"ire�ne_nt age SQ, Far echo Uistricrcoiu t i i eith the L P �t�rt•c P� 4 i etnployees� hire. affer June 30,; - 1996,, the 3tbr na� and ' Aleska iiub' -F nployees� Retirefiieiit Systenn (P)rltS) 1 - eatlrges are 6Qic15�5, rCely. " Te / 'or xhe sachets ^ R�ment Sxstem { fRS� The notmal pryensio$ benefit is duel %° -of the member's \ a fallowing is, a sun}mary` a�f elected -iafo �mation of the iighest verge o tbly cs�m}nsaiotn fory the nt lu►it's�:` e ' - p ?'. �'"mmtt►ents.' CQfYtp�let service; 2 -1 /4 %o for, t he \*road -$en pension disclosi�l� , are pmseeep, Lin the ,1Comliomiunit list -tea dears of , , r> years�of, J# Vice aifd 2 1%2 °lo for all rertie t Years of .� finapciats_*, ent�s: _ k ' t i `setvkt' Ail service med•Prior to JvJy J, I9g�1 be t la" using the 2°,t�° tnu*lier - E(nployees w{th 30; P�rticapatibri in l�$RS, a dcfined benefit agent mu�tij le, - ; vote 4dor4 years of credited service may Mire atfaay age emPpp1ayeX plan, -is �sep�arat from th+ bough's ve a normal benefit kThe syste Aso pr vWs, Parti�CipatibnX &nefits Are tt►e same ns des for the ` 1 - death Tod di sab ity b�ef�t - T*1 major n o*a') Borough's par iCipation. "' or yeaaz ixde�� J 30,i , 1996,"the . Borough i�d?i Schoch - Dct's� a# nifal: sia V gost -was P559W afid equhl -to the: red, and act$al,` r \ Fundmg�iy iInder State I�wJ covered employees, ontri�ution. to �tribu'te 6.7.5% o£ their, ' al RS fcov � ah& I the l3oraught i uire td iii a " cest�sh ti 1 enaj over 4 _"' i mulPe sor -�� xq tibute :fir► .wally. ;determine�d to the cukrent� } u t plan. ` Part�eipa io is c ppiy for' certified ' of annuat covfi ed Payrog. ,� - Gel , F.nt io > : ri Jul i, `990�wtth perso yees'Ii ed p oo` y � �. eiOt_ Yealrs . or ory , of created' ce, ark entitled to Annual pension cost•' Poi the year epdea June 36, . ran benefits bo * inn' at orni rein rrfent >1 F " Borpugh's artnt4al pension cast has �387,Od0 ? tb 2�/0 of teir hgtiesthiree -year av 4 ✓ f� } fdr P>slt� WhStci was equal to the✓regUued at►d _actual ant► 0 each yeaF r cbntributio� The actuarial regtited 4'obutio>i was', p retirbm s early ent at age 0. tsr ' ernloy #iei! < \ tromgrtted asr�art ; of �n- actuarial �+al�tron as r °� ` after. Iuae 30, 1994, the -Pont ff an( 40y .fet,!temenn� \ \ _ JwYe A� -1995 Sigtii icatst c vial umptions v es aie 6th and 55, re pecdvely. �ap� y d�3 y 1" o e ma elect \N Y yn the, ipatton inc Via) a rate of,tet n on v� . p n benefits -ifn tbeffprm of a joint or `vein t o t and futut�e asset ofS.q° /a - J m f - , - Pte, `,' snrvi ►or annuity. ectllve Januitry � I9$7, a4nairled T - c tp e41 armivally and` ` ) Prop sa1�y ; ment* ww o�etires must rec big- or her eft in a cres 5.5 /q a yew `for ffsst -five yew J of thq fo of a om� and luvror atmu �n J the ity,, Iaployrgent and 4 5�� pe yearieafter, w�ifh� / . member's pause Qonserits .ta .form ofiefi� di#jnbtion made tweet :amounts far ihflation, meet, 'Iy1r`c hn*n efits for 4in lbyee s eli Me for retireme - or�semorhy l The contribution rate i t no l cost i� are $25 p opth. ffpr each Year of ere rted S vi` e. In detiarim)ned` u�ng. Ahe_ poj d u t credit a a1= edition, tiia3or nedieal�n Ats a� piga+ided. T'R l` funding .The .unfunded acc rued e _ fat also �rovides`ieath,and distil �> v , H4 ility is amo-nt>aekaver rollVng X 25 yeas, /TCte v t , entage� bf pay method is used�for �m on Y F y n 90 / �Fitr she ear j e 0 I "9 the School I c \ pistrict s ual peiisrQn fva� 5.1 , which � V is equal the' **d and dU 1 Conlrlb�lt�0$•' TVI?eyeAS trendfovmAton far)�12� PercentBC ;Ann�al, _ \ �� jre p2AS of APO sion .,298',"100! I 1 /o F � WOM 387,000, 100 lw fi �` � �, i'� 1 r v V �. ! j / k f � ✓ ��`� `ter � �. / ,`' � ( '� y� �V Rea ulmd Su ment � t Funding P_o s_foiP `! ; tD011at amounts fit thousands forthe primary jo�v�t *ent�only3 �Actya uk. � - ' ) Actin 8l i - ( Unfuhdo 17A'`AL g a, 1 ✓ r ' t ` t Wc�mrial % vO1ue" /of �� accrue ' � A Funded Co�ered _ 666ee *ge, bf , t , Valuation '; iii" liability pAL) �[fi ,�`r t - rah payroll ; cover d payroll ; dot , i w �� 4 .� . a b r { - a/ly 0/93 k $ 4,4 u' / �� 74 `)' i a 4,$54 i ` $0 '�'.98% �/ OY�A 5 9 ,004 • 5, - 0 4v ��2;�'f7� � 4,"09'A d 5,896 5;62 ! 9%i, °2651. 2.5 /u T v �}�Q ' :i: FIXED '� "s ' v A'summaty bf'chM90 in #tie General fed A s A ccount Gr�oqp the far audea J e 30; 1 96 loilo+ws: ^ �. v Julys f, 1915 , A4d� offs i ' p pct}bng �te730,, v r $8,Q63,705 ;i 1,27 Bnildiugs Z4 3 `�3 2 �� '466106 = '74,965 56W `v t _ 1mp " ipve eats ojh�r. n btu dings_ ` Sy1531 : � / ''jp -7 i - - - �, 846,b00 )Machineutidecuifnent .� x,895,,82 CottBtruction yvarckTinrp�rog�es� 10,2 a � = t¢t43,S.9�3r 454,89 26;3 395 _ v ; .5,53 $. 7 6$$, 1 ,9T yuipment - S` 3,198,931 , %6� X53,8$4 tia 275,E $ 3,76,875 '1 J �. �. l 'fie fol�owing tS,' suml au* of Paoprletary Fund fh asset a(Ai4t '30, l* l _ } ' 1 v �` �� ✓C Y s 1Y t - , A j ,T terp Fu n 'r "F A T Sewer �nd lined $,16,ZZV / 3 . Auildi imprdft �,205;393 �.� - .� 776 7313 - �� �: A� / T Work in�rocess 0 , l y, l a 1 6 fi 1+ -i \ 1 1 942 553 7 Less: accuV w,.. - _ �. , �; - �� r. < � • � � � if 'I - 1 13 Net x - .$15;722 -SA,l �1F: 16, i 6i' F A�c 1 'Me follo4mg is a5trtnm &]Aospitailixed pssets at Jufte,30, 1996: Laddand'imprQxet ►ts . �, $ .`40,2751, k Building and irnprovZm tlts` . ,. � - 4;1 quipmle[it 7 948 Lcs�: accmulge4deprepation Nd fixed assets iati in #yeF, hr 1 rigwy FundAxed assets e as fotlaws \ \- 2. Sew mvai�� ineS c 50 - tui OO a4ftnppovemtents 15 -5 / 0 years Eggiptrtnj 1 1 expertdiure gvahfes for cttpiizatiins a fixed Y kiliatid and are adds tQe ca+ing /aiiunt F asset tithe:tc3fal cast is4' dr�more,,the asset -w of the - or nal Asset..', eh im royetnentsV r are ,Tas� o$; one year, Arad they asset is/ n 1 - treciattyd over`tTi retanilife-- en' to to an , existifig" asset f at , i of he 1`he�orottgh .doesi r�t�ca italize e ether,' I r_ �� increase ttte l =ory e a that asset also qualify f)r infrastMCtUre fused assOs or imptoveeinenjtm suclt A. 4 , mi r / \ _ / �1 \ l' �. SNOT` jL follq,wmg is a $tlmmarj+ of 16n -> debVofth@ yeenced Pnr�cip�a�Paymeots ' 1$sue,t Madunty 7 ;� , �Ty� CDeb .X f ' Eny�ronmental �rbte�tion Agency ` ! !! n � J gsbtos Atme�rtan . _ 6.0'/0 • U b%20 r /85- 11/$105 ! , 12/31/96 k . S 10,40$� k� ��. �i996S 2E 4 x' I �77, 081 i q�erw Obligation Schoo1 ;!kie,d Ognds :-198��Saties �'66-'$�'/o $/1:2�- I� fl/8�:' 811J00 X811/9 `g900� .8/1/97 945,006'' � 4015;000 / - 1 4 iGei Obli$ anon School ' J IiefFutdmBogds t991)Serie �.S = S.hO+ �I 1 -611 7/15/94- �6/1�46 ���� 611'46 Oet►e{ahObligauof�' , y; ��� , 1� �� � - � � i ' Bonds - 693 Serifs ' -1 �' 3.9 1'. 6 r , $/1 2/15 111/15i5o ',� j 2/1S/@�5 _ 2/u547 T , 655,000�> _ • 1.�- v �� ; i � � ' 211 �5/�g, � � 6�S;OpI�� �/fi3199 _ .730 000 v . � X15`/00 I 800 �. - x 790 Ow �2/j5/O3,. � ' �; 860900 2/15/05 , 40,000 I 24,15/06 1 $0 994 Series S.d0 -5' �504l0 8115 2/15 1/15193 60 006 r - , I `�� ���� f � � ��) 2115/09` 315,000 ; 19 r 1,Q5000'f�1 - y 1 E � 151II�� 7000 r i i - 2/112 �� ��� k - s _ �_ �-,\ �� �_ �A �� l �� �,� 1 �7✓ 5/131F 1,413.OPQ, _ 213/1$ Q;Q85,000� �� I 501 Cvfi*nsWd IS F Interest £ree untie s deittlqu�t; t en 7YO gW £o - and p atties i � } 1 V A_ Authprt� Prior,,Ycars a { urre Yetr it ' �� ' .- �' � � - �. 1 '.' BWance at - ear s iAmQUnt , _ Issued _ Betided 1; 199 � � I— Retire& June 30, L9 i ��'� ' � �, ���� � y �� `, � �;.� ' - ',• 1. �: � �h �`. v� ; � - —1. '" 7 o a 198 1 < fi �M,000 37�06r �j , S 177,(06-- S � d9i 914 �, $ = r f S '20,833 S _ I ii� i t 1989 �� IQ600,000 IA000�,000 �. '- 4 .5,92�d00' `% `� - 835,Q0Q �9Q �k #S�b9l 4,875,000 - 3875,000'. , ,00 ` 1 600,000` ._ i i �. V �' ` y X 1994 9,215,000 9 45,000 f �- 8,7,000 (. �7, 65,0 ' 18,135,000 � \ y 5,�f - 9,W,004 1 5 85 �_ � � r ± `(� l y-r-• — T -e:-�L r r Arm .^ 290, 73,,41? -1 S 34 4$0.W <S 3 ,450, , s- 8,iV"q 86 3'26 10 006 -S , 1 290,642 \ r . 2, -753,245 23;640: 03 � � � � � � = ` � jam � _ � � _ 1 V ✓ � ) ;/ � � �� �' X Th Sl t eas t an1�1 1 � N �qu � t o � _ � rZrze a�kgenerafabligatipn boride� deft and t�J,�e .EPA -1p paya�le,�ta�din� �s�f 1 , ' 7utle 30� I'�96; iitcdic�ginter�st paat`�f l i,1� 1;961 on the�r►etabc�bi{g�tiat\deKt, lf'fdtIay! G6neral / \ J e 30; b' �o r __des r Tdtaf J J r X� ,'�� �� 1 ✓ F _ e y 997 n r � �� � ,7,82 38 ` 20 ;&31 �� _2,�03,7 Z 1 J98� `� - 1 2 I - '� 1 ;g33 ' 2;00,'1117 z i, i999 ` '2,796A 6 . ,20,933 i�200�� 1,774,39>�� 0;83, 2001 ���,770,663 . �, ;33 �. I�,141496� � Thereatier. 2Q - 0,20\, 4 7 916 ` 26 5 , ��,17 1 9 . 4,52 � ; The t of �l;'739,644 is av JA" the Debt SprvCe Fiknids do service a teopl'igalio bodes > ere are a number of rtatt psi and s a } ►degtuir�s: � The Borgugh �s� ism' _ i e�tri�tion contained ,fin the - bo pon4pliatice all si i �hnrtatioos a�i restrictions. l!IOTE .CA2I'I.�L RQJE'I' `S T13UNQTbIENTS sµmrpdry of Captt�l Projects'Fu�nds cbtfitruct%onci a 30, - t�ilYdws:' . - J?roj 30 Hos�ita`1 Flood improtien}t ! 1 ' r - � iate �CaW� drwb' ����'� ; . "k24 41' ! , y Y' Ne� Island areki BuildOig �tj162,062 ,4,122 _. Rbsgrts- amP►ent1$wble for domttedfinancF Qot}uctq cmiel at 7ue0; "li a1 s r n}Elµs A Cis souTcs' �r at ebb 1 .k.v�/ All 1. t -A [ r i J I, ` 2 h I F - Vj ' -\ i E Sl: ll'ExPIsE FUND S14C INFOPIATJON e < The 1 Borogt i_ci► and ;operates. -a Voter and - Sewer'Utili Aind and 'pal S' Od Vaste Collection aad _ Disiosal Hind 4Segm�nt financial dat'of and for the year epded �.upe 30, Y 996 fm dose "funds ate as follows: F � 41 <a i Iyiunicpal solid �% yt w �sfe- ollect aKd bisi)osal t Water, Sewer ,' T revenu 1 $ 2,136,603 4$6,17. io�vxp 1SC�'' -109,203 id 10%0��� 191,065 i ` 41 Operating MOSS ,,(2,0",567} 1`� (� ,?�+7� }� (�, &� Net lobs �099,567)� (33,919) ;� 035',5.06) (226$,$9 " 2) — ,� kmortiation o�fooptt�ttio�ts in o nstn etion ;_J 92;250 ' 109;645 is ecty'14 . equrpan t additions ` g 094 - ti88'094 a <_ wcg capita r (, �,: ' {116,33) , � 363,049w 327,823,E �. 574,179 a .Total- assets ,45 115,6i Q�- '� :5,451 Tot 77 8 ,562 r - al deficit 91 4 . )\ y t \ X5;38966 8;7882 1,942 �MP$NW14DI�t PIS y 'he finds are In aged ��� th 1'ntett►a�ttonal` �it�+� atinOrk so i tiori , Iie ire t- C°� p�nration. The , aid Isla icl` Bordu has a f &Com . t�� � efre pettaaa .;, $o�ugh h*IiO�habiuty fo�14ses i p1$n but � OCdA P c�eate� in ac��or c vritts Im a� Rovenue does have,the duty ofd care that wo ire - - odE Seetio: ,437: _ �Ihe �!j is a *aiMl to all " i 'of�i ordinary. pruc)ent i vestor7` The Borough believe anent ', Boroughn}plpyees. Tlse` clFferred that f t 'is xmilcely lhan it will use the assets to'satisfj� the —T ' is not - avAR01e W employees'- until ikaims ofleheral_ e d* rs �a th� �' t r�etiremeat, degt� or " uforesble _-, OkM < 0 ` N S RcAiNCt -AND iti ISlK"IJ ON : Au am�ntsY of Fomp nt ati deferred _under lhe P , ; all proporty . pur+Ehas�d, wills these' amounts, _, The odial : lslanc l3orai, ► is ex used' to epeiis, �" h 1 \ a1. mco3r►e attributable to tlr °se. nts, eperrty+ , risks y lost p r o " �ssoclated, wt# 16 ns- a o�r ts ace,�tafatii `�sid' ¢r maw 9,,vail"ble -to 1th�' - g�v�e megt these p featial jasseS ih*4 -but -ate Ot e. or other ieficary DIY tile" liropeftj' aad `limited to en�plo�'?e� rlationsth�miuries, contracts, the > rigllt of a 13orough; without being t &, the loss or damage of }*opbrty and gg eral 9abiNty, provisions. tpf >z is uhder gtan, an object only Tlie �.�ipugh ppnages ,its �nf these potential J tom the i ' cl ' of the; ,13ugh's erierm .t�editQrs = losses by participatiag, in tl Mtb►ic league' 'ip�nta; Tx un the� equsi toose,of ';ont - 3nsuraoy Asociaio� as : dell as pwchasing 'general dtor ote B'pµgh in an amnt r,al'to !ere_ cave6g This °uisurdpq� has" the .fail 'walu� ° ' ie defer�d 44oui i_, for; eack -,/ ` a iii ttie with �a dec atb cdverage in the r P uy `Amount§ nttib+ d o the plan , by i r r /tSa i _ e yiar ended Amd36, 1496�was $ 117; iP ' ` 7 7 .2!. .., iv �b\es nd j� es �,t 11Ea 1946 Os ei;pl 85 and �t ivab�d� �aa i t o d ece a r y, 3'14,15 te � j7 f `- W, 400 ea t n al Oct d6w r c Qr}m�yNyce # l ` ,j �5, r 7 .. Cape A ` , \ +`.. 43l woad Se � wudS' r i r - _ - 5,000 di Acr v pq ... /- ``i 1 00, 660 A Debt er v us '- ano 7, � . 4 t �. fjil9p _ 91 z �ehQ° Wig r � i S ege ` y r 1 ` , i Z 0 �N �- a Cal# an�t►d �ti r i y ; _ 207� � Z,d�i r -'3 1 r59]4 f r 1 t ud -- r rc ;` �+ r ;, - �----� S\ se wer - ` ' 9� dowl 4 j \ c r , olq r 4 y � net Derkits The 'Nmd "cttt �t Junk 30,199¢ areas - 911ovys, k r_ _ cialev�ntine Buns f / r/ 1 1V�En a Gent • Jo24�04' i Ntdnageent 193 SaTes _ 49',1,49 ��apitatPrc cti Fund: iospital'Apnd - 243,025 (� �. nterpltutd. = >vlun3 Solid yVaolle�st�on "and D isp�is�al i ~91,2 ?, `{ Manage�nt Tads to fuiid he pe;ZS tvemie� r deficits - im /fiscal year 997�jiougl trawlers from other l funds tht defici ;in the En ?und thronglt an Wiese iqn s&*! cha4es. , ,- erS a 7 . r _ "fers anal, transfers from`�bmponent�i nita have m in accordance wit } hndget . ordinances: transf�rre,1l -*n one - fund to-,sttpport, of other funds - >tccordapce vw+itl 'the nutitotritjr' - ok1he d iVidual,fund.' Tr s s bttw� s at}d ponent im#� durinj- year ended , TpwrletsIlY l t � ,y , _ / � r . 6181 "Di / , �Clit� �� - epita1 �� sWit � /zz n r Transfers vL*nue'— `Service° �PrpjecCS b tpone t f , w pat .mss �_Ft ds s Uni ; ' a L Cilneral tmd 1 _ $�03,9�3 S' 26 r$9�,007 � S� _ S t,?oD ; �'3�3,'915,Q� i i =a ig iWcun a Fends �~ Vt3�2 % - _ l Q,000 11 -;226 � 3�3PN — Hebt"�srvelnds 32 6 �. �`Caoit� „ Prf�ecisfuads _3 4;4b1 ,.' L S Q OOQ 3�01 3¢7,OOd t �� <> ,2,489,8�� �. Tot81�1r�nsfgrs 'QS 17,7 5,765 S dZ6,IS 3,�41,iS2 &`�1,7�,66� _e S_4;142, 4l i. k 1 — � Exi oY. inn itarns�f op tions z . l s The fol ovying d ex_ penditures_;xceoded th�i giprd�' ati ons: l , D6Dart[nent "` �- / f excess i A l v3ottgh MeyoIr �. r B9mttgh- clerk �Bmldin� co#�o c Xe� 40 4$ The f ��' g expenditures exceed d�th�ir appr priations� -k S*i�l RO e��a funds } F k Y 1 % RI'O�l' etRi + F pd5� - . i i ✓'i � Fund` 1. i �� ✓.Excess�� �> t�, �� t Eess - _Ladd ales "_- y , t4, 4 4 M"icrpaj sorwwaste ction ��' ---- -- - �� a nd , p. 2 '00 52 t14�87 . I�4elnhen'$for�ra6io.Sytems 21,113 53 9 r The ios i bdeh a d additign _ ects expense , 'and !ch'di mbpr balay� was'�3 5 � r a Xr -, its Op¢ropriati ofi June 30, 0. 1 lJo, ever; dubs eq to, year e0d the Burpug' assembly � 'ti " ?i a i�x opri�lted othe $SUpsQQ i#y prgj cq expe�es_lb tie filnde'd�by a 9* 1'rop�ce ary Funds' reconciliation o equity of the yeaz a tdec)KJune` 3Q 199 gis ns. follows- L�terprfi a u13ds� ' r ;ec06 Soli l erviee v J ,x .\ _ < -) ! ,wd D $Wsal ' r, ' e k J y . 1 nd equlty at b,041" .oiyi e S i, i i i SC ,9 O, t� i Xz4 5 38 _ Contrib upn 1 un f�c pctfi;Q19 i o ons I et loss _ �,� ��_ )�'� (135;5U6 Ftwo egstity� at eric� 116E}far. S� *.'(l ql $ 966 - 5;194 88 t $ 498;041 �✓ _ N I'E,13: Sw� )L i \ $1,6$ ,287, - Will ' be ;.recognized as clo � and f ` CLQSU A 3TCLbS r poste osure , ex nse betvtreen . d � of the - CARE SOTS - ' ttd t�e dot® the latlfiis< ted -to =de to� e e a 'total nen /t �f -State and. , erdl laws, and rcilations t4quire` hat th± the; land�ll 4sure a�ndsttlosure care of;,f)Ot,OOfr; . \ k6dtak � Is and thorough; place a) fmal t cbveS on ui '., is Based oh t o ainb*t tha w oWd lie laid if a �dfill, ,)J 1 i t ' Bland# 11 when closed an per€ certain ma�nten ce�st were cl , `of` e 19 ver thel Ctua4 jo., ,. l ., f or a number of ears after, elosure:� I i 'addit�uian 14 , �t c r6l `a postFlosute car m �e hig* due oiler t ri(g expgnseg related cufrgnt acttyitws', of they I to i4lstion, charges 'tech biogy, chgnges itt / g landfill,�an- expense provi and re���ed liab� tty a� andfi�l 'a sand regulation y ; based M tae, fut� closure and iostt losurc } _> - }; care costs'that will be ncuir6 based p�x`the n ;X'Dhe odic nd) orptigh � S fired by state, and l dfill no 1 'bn r' w rec r n b f'< w� d ' n to r m th ` e landrilYclos and a base co con , f y c ure 'ons w e - stc ure care. the atnount the la dfi u$ it ng,the year: 'I ae ICc dinlc slapd; Borou*) complies with � L ,e"ted ostclosure liability of fan lhhl9sure .ans)�p, requ ireirie 4 by ,Wirecord' =ft liabil ' ._, e,�osts,is 2,34 , N 3 as.�pf IuE►e 30, 1996; vrhich is y ;ot�` ,the r;n tees + avri4e# by the Kod .bland _ "'--c' ,based on 8 %p usage filled) , gf tide Ian�ftlL Th tndfil , \ � BO u ''s em tal. a eer. "'Ibe , Bbroulgh has is, stimated to bh filled anc� u1##Itsa�ly bathe yeat 2 1: i iseci fibs c�nsis i ts ' lte�ttt t� help cover the �iability ` - Of o the ttal Viability at Jun�30 ,;1996� $�y00,956 *as and has iIuded,kheltabs ► it aus,199?,dg�el. i accrµed in the cutre t - year b�ssecl`Pri a n y ar usa is �ticipa�d,tli$t uturc inh costs, -an � d b . 'ani th es iin -estimates. Aar ► �d $ addt tho�l a` costs) that _ ngig�ht_ aiise from chat es ifs cldsure'. ' l � ✓ r p 1� ro$ la tldnS exam Oi �n�e. J 0,1 l y G>tcenta is ti go a roonmta� regu J p j y i be ed ` �+ b ch to fii Ia6dfxq, #se yiri _ r4 p;im�nl y ge tine, rs Alpo is receiy, , d uceivable from , g�attfo� agencies _ ��ind segon ily by aYers � �' �re�. sub "t'�to 'amt. �and,� adjt itdc t e.: gcan�pr' � �� ? ` nci Pitt % disallowe ai s� iuc m_g am is \ r to 1 collected�:.would become a liability tie It0I ' a cis. eh[` fs , ;+ - 149 - T$ 4: $t SIM AK SI I[b `Cveneraf or. -Other - "icebl full . In manag" , ` ' �� �� �� ' c in}bn; ctiwipwances,.ifany, willjiot be material, — `' l Boorough entered oto- an lag km u� Dece r �: f 1�4� ' E n `Valaea - Spill Trusiee Coto 4 to Skll�all of itiv4 (Ill &,ao �huyak.l� f r sla i4l miiliioit ;1N0TF36 )SUBSE to. � of �,kkska:� `The Boron h' received $8 - raileri }fit "scal�year�l96; aad vvilhreiee� Fy T�ranster ofxVYe 'Aewr_ $aj in ih6 fo 110VOO - g I yIIl�nts: T(/ \ ontra" with lk June 1996, the Assembl' 'approv�d�Kesol ution —� ':�ci c- tithe . Kodiak �ity the A l y I996 �4 v ; 2;44,266' City tp assum :the p m 1�9 wiship, atee and i '� - 4,d00�Ob0 opeiion `of tlte` existing watef and sver'utili m ' _ �,0gg $ � 4 n o, � , �ice�#istriq Number - Ori Judy Y`XQ ,.Rhe mater ` v , \ „ 1 J 4- ,opO,00 and sewer fundsxvbe tFahs enced frpin the'$ot�n t0 r . J , r �, ' 20(�Q .; - 4,0O�OOd i = the` City. The tiahsfer is; expected �o eohsolidaie the v -26b 1 v "� 4,000 060.. operations feduke the ;co tsyof the services the an d me 118QS ` fens charged to4Sewice Districi Ntuinlser �1 resid *ecff i - ilIipn illate - the`,cgn action f a Nett lslat�d,R� h �cility -- The remauidef GviJl ti ��rfici tion in tie State eeA t � l 1 ntiwe / lie placed into a: ili"t special revenue fluid and used C ' #03 capital proJeds•' \ r 'Ibe .State of Alaska �.ep atur� ,approved SB 1Q4�3 y a etirertient Ineegtive hroge for �cw4in, membets" f the Public mpio, gees' ;aid T�ji�' , TQ'�`I �5: \ IT ' ' GENII S �R� nt�5ys ems.��Tliis pip is provide, t6 give 1 ger}►ettts.arr Be The opprturuty tQ teducyypersonnel �� = f, it tron\f\ J . - service gists, rgh isemb �►l� tadopted lesofution 96-26 'itptmber 1996 to ProY`ide this prog�n to-its qualified r emploiyees. Although -it is-046t li otougt% in a norrX►a1 c o its `activities, ig °, % "yet hove many empleyeo will , wipate. the .. total 1 �a�in ftonuu. the i ion: X498 t p9 gs solnt � , inval ed a ions claims ab4, iendini'06ga0on. In , as ast at - _� v by he ate o .41 1 - A v s�f 3na agemen� the c p�si�t -of d �� Claims pant -l€fi is itgt recently- c e d to have - maw adetl'ect n thhh� '.$orou :flianciai In idditi4"', ' nagemnt be�ves that all y� fi the. �rnaeril ticks -to . - which ° the B�roigh 'may be �'• ` d.�s bees adequstel}�a�sured �a �mmerci8l:�, � � �.� �`�� ' �� - / `` � � i FINANCIAL SECTION L� 1 1 1 GENERAL PURPOSE FINANCIAL STATEMENTS The General Purpose Financial Statements include the basic financial statements and notes to the financial statements which are essential to the fair presentation of financial position and results of operations and the cash flow of proprietary funds and similar trust funds. �1 U t fJ 1 1 r, 1 0 1 GENERAL FUND 1 t 0 The General Fund is used to account for resources traditionally associated with government which are not required legally or by sound financial management to be accounted for in any other fund. Principal sources of revenue are property taxes and intergovern- mental revenues. Primary expenditures are for general government and public service. KODIAK ISLAND BOROUGH GENERAL FUND BALANCE SHEETS AS OF JUNE 30, 1996 AND 1995 1996 1995 $ 411,460 $ 15,043 6,587,005 6,292,435 241,187 258,735 35,169 68,076 238,948 - 267,575 213,680 (15,828) (15,828) - 131,730 374,500 65,000 ASSETS Equity in central treasury Temporary investments Accounts receivable Due from State of Alaska Due from Federal Government Property taxes: Delinquent taxes Allowance for uncollectible delinquent taxes Accrued interest Due from other funds TOTAL LIABILITIES AND FUND BALANCE LIABILITIES: Accounts payable Payroll taxes and employee benefits Other accrued liabilities Due to component units Total liabilities FUND BALANCE: Unreserved - designated for subsequent year expenditures Total fund balance TOTAL $ 8,140,016 $ 7,028,871 $ 285,613 25,523 586 4,856,069 5,167,791 EXHIBIT A -1 $ 87,719 22,458 18,235 3,477,589 3,606,001 2,972,225 3,422,870 2,972,225 3,422,870 $ 8,140,016 $ 7,028,871 31 KODIAK ISLAND BOROUGH GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) EXHIBIT A -2 I i 1996 Variance- Favorable 1995 Budget Actual (Unfavorable) Actual REVENUES: Property taxes: Real Personal Motor vehicle Penalty and interest Payments in Lieu of Taxes Total property taxes Severance taxes: Fish Mining Logging Total severance taxes Intergovernmental: State sources: State Shared Revenue Municipal Assistance Raw Fish Tax Electric co -op tax Miscellaneous Total state sources Federal sources Total intergovernmental revenue Licenses, permits, fees and other local revenues: Building and trailers Subdivision and zoning fees Sale of copies Emergency medical services Miscellaneous Total licenses, permits, fees and other local revenues Investments and property: Interest income Total investments and property Total revenues $ 3,632,500 $ 3,629,646 $ (2,854) $ 3,479,273 718,250 695,573 (22,677) 677,705 160,000 157,754 (2,246) 166,651 150,000 162,066 12,066 142,015 497,200 427,661 (69,539) 450,805 5,157,950 5,072,700 (85,250) 4,916,449 506,250 790,310 284,060 705,257 6,750 11,170 4,420 7,784 236,250 247,020 10,770 347,424 749,250 1,048,500 299,250 1,060,465 354,222 362,692 8,470 322,732 264,000 279,787 15,787 294,626 1,000,000 1,077,121 77,121 997,032 8,000 10,220 2,220 11,547 300 128 (172) 144 1,626,522 1,729,948 103,426 1,626,081 6,200 239,095 232,895 7,081 1,632,722 1,969,043 336,321 1,633,162 40,000 47,752 7,752 39,913 5,500 8,445 2,945 7,000 2,020 2,015 (5) 2,440 33,000 33,133 133 38,712 50,287 193,755 143,468 840,014 130,807 285,100 154,293 928,079 450,000 452,196 2,196 659,794 450,000 452,196 2,196 659,794 8,120,729 8,827,539 706,810 9,197,949 (continued) 32 1 KODIAK ISLAND BOROUGH EXHIBIT A -2, continued GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparati tot for 199 33 1996 Variance- Favorable 1995 Budget Actual (Unfavorable) Actual EXPENDITURES: Borough assembly $ 120,020 $ 110,009 ✓ $ 10,011 $ 122,123 Borough mayor 200,170 200,180 ✓ (10) 198,660 Borough clerk 283,800 287,135 (3,335) 268,945 Borough attorney 171,000 160,756 10,244 233,877 Finance department 619,400 615,319 4,081 515,638 Assessing department 337,200 337,107 93 302,409 Borough engineering and facilities department - - - - Community development department 440,310 435,476 4,834 396,356 Building official 82,080 85,500 (3,420) 54,957 Economic development 90,000 136,485 (46,485) 112,538 General and administration 420,190 405,883 14,307 313,112 Emergency preparedness 5,300 4,295 1,005 2,358 School district support 285,690 268,938 16,752 227,177 Health and sanitation department 565,652 563,867 1,785 578,433 Education, culture and recreation 163,300 163,300 - 153,500 Total expenditures 3,784,112 3,774,250 9,862 3,480,083 Excess of revenues over expenditures 4,336,617 5,053,289 716,672 5,717,866 OTHER FINANCING SOURCES (USES): Operating transfers to other funds (1,527,027) (1,528,934) (1,907) (1,470,649) Operating transfers to component units (3,975,000) (3,975,000) - (3,200,000) Total financing uses (5,502,027) (5,503,934) (1,907) (4,670,649) Excess (deficiency) of revenues and transfers in over (under) expenditures and transfers out $ (1,165,410) (450,645) $ 714,765 1,047,217 FUND BALANCE, at beginning of year 3,422,870 2,375,653 FUND BALANCE, at end of year $ 2,972,225 $ 3,422,870 33 1 KODIAK ISLAND BOROUGH GENERAL FUND SCHEDULE OF EXPENDITURES AND TRANSFERS BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (wit comparative totals for 1995) EXHIBIT A -3 I EXPENDITURES: Borough assembly: Personnel services Fringe benefits Support goods and services Political lobbyist Total Borough mayor: Personnel services Fringe benefits Support goods and services Capital outlay Total Borough clerk: Personnel services Fringe benefits Support goods and services Capital outlay Total Borough attorney: Legal fees Support goods and services Total Finance department: Personnel services Fringe benefits Support goods and services Capital outlay Allocated to projects Total Assessing department: Personnel services Fringe benefits Contracted services Support goods and services Capital outlay Total 34 1996 Variance- Favorable 1995 Budget Actual (Unfavorable) Actual $ 16,800 $ 17,286 $ (486) $ 16,800 1,620 1,462 158 1,795 53,600 41,062 12,538 46,181 48,000 50,199 (2,199) 57,347 120,020 110,009 10,011 122,123 120,580 123,108 (2,528) 115,417 38,010 37,621 389 35,494 41,291 39,451 1,840 47,749 289 - 289 200,170 200,180 (10) 198,660 134,400 140,952 (6,552) 126,121 49,520 48,307 1,213 44,320 96,880 94,876 2,004 90,033 3,000 3,000 - 8,471 283,800 287,135 (3,335) 268,945 121,486 111,450 10,036 181,043 49,514 49,306 208 52,834 171,000 160,756 10,244 233,877 369,390 374,014 (4,624) 347,486 120,820 115,686 5,134 108,991 245,840 238,282 7,558 196,460 8,350 14,147 (5,797) 3,243 (125,000) (126,810) 1,810 (140,542) 619,400 615,319 4,081 515,638 207,190 205,404 1,786 178,980 62,670 63,533 (863) 55,540 - - - 67,889 66,098 66,918 (820) - 1,242 1,252 (10) - 337,200 337,107 93 302,409 (continued) 34 • 38,114 General services: 39,693 Personnel services 1,489 - KODIAK ISLAND BOROUGH - Contracted services 36,107 EXHIBIT A -3, continued Contributions: 156,596 9,884 151,056 500 2,805 (2,305) GENERAL FUND 420,190 405,883 14,307 313,112 SCHEDULE OF EXPENDITURES AND TRANSFERS • BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) 1996 Variance- Favorable 1995 Budget Actual (Unfavorable) Actual - Borough engineering and facilities department: Personnel services $ 197,060 $ 113,267 $ 83,793 $ 94,655 Fringe benefits 69,100 36,696 32,404 31,145 Contracted services 7,700 2,619 5,081 7,884 _- Support goods and services 80,220 75,594 4,626 63,951 Capital outlay 2,000 1,967 33 4,624 Allocated to projects (356,080) (230,143) (125,937) (202,259) Total - - - - Community development department: Personnel services 300,485 296,116 4,369 276,735 Fringe benefits 99,985 92,142 7,843 89,559 Contracted services 3,395 3,395 - 3,825 Support goods and services 74,200 73,894 306 82,154 Capital outlay 745 5,555 (4,810) 1,574 Allocated to projects (38,500) (35,626) (2,874) (57,491) Total 440,310 435,476 4,834 396,356 Building official: Contracted services 75,000 81,241 (6,241) 54,731 _ Support goods and services 7,080 4,259 2,821 226 Total 82,080 85,500 (3,420) 54,957 - Economic development: 38,114 General services: 39,693 Personnel services 1,489 Fringe benefits 154 - Contracted services 36,107 Support goods and services 250 Contributions: 156,596 w Kodiak Chamber of Commerce 32,000 Kodiak Convention Bureau 20,000 Total 90,000 General and administration: Personnel services Fringe benefits Professional fees Support goods and services Capital outlay _ Total 1,488 152 84,593 252 30,000 nn nnn 136,485 1 2 (48,486) (2) 2,000 (46,485) 9,120 935 46,636 5,847 30,000 , in nnn 112,538 40,400 38,114 2,286 39,693 111,860 111,285 575 11,411 100,950 97,083 3,867 110,952 166,480 156,596 9,884 151,056 500 2,805 (2,305) - 420,190 405,883 14,307 313,112 (continued) 35 KODIAK ISLAND BOROUGH GENERAL FUND SCHEDULE OF EXPENDITURES AND TRANSFERS BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) EXHIBIT A -3, continued 1996 Variance- Favorable 1995 Budget Actual (Unfavorable) Actual Operating transfers to component units: Kodiak Island School District (3,975,000) (3,975,000) - (3,200,000) Total operating transfers out (5,502,027) (5,503,934) (1,907) (4,670,649) Total financing uses (5,502,027) (5,503,934) (1,907) (4,670,649) Total expenditures and transfers $ 9,286,139 $ 9,278,184 $ 7,955 $ 8,150,732 38 SPECIAL REVENUE FUNDS Special Revenue Funds are used to account for revenues from specific sources which by law are restricted to finance particular func- tions and activities. ' EXHIBIT B-1 ' Federal and State Grant Programs Woodland ' Mental Child Care Buildings Acres Street Kodiak Totals Health Coastal Assistance and Light Service Arts ' Center Management Program Land Sales Grounds Area Council Facilities 1996 1995 $ 299 $ 19 $ 402 $ 60 $ 5,859 $ 4,068 $ 2,504 $ 12,180 $ 125,488 $ 147,501 ' - - - - - - - 2,040,420 2,549,495 585,758 78,229 18,159 58,768 - - - - - 155,156 156,413 - - - 200,157 - - - - 2,683 200,157 13,452 164,700 9,149 90,030 185 111,665 435,907 - - - (25,000) - - - - (25,000) (125,000) - - - 30,000 - 46,700 747,700 621,000 ' 817 - - - 388,540 - - - - 388,540 734,992 $ 168,558 $ 18,178 $ 59,170 $ 563,757 $ 5,859 $ 34,253 $ 2,504 $ 2,101,983 $ 4,266,653 $ 2,731,237 $ 38,842 $ - $ 27,276 $ 3,277 $ 20,082 $ 421 $ - $ - $ 111,322 $ 138,226 18,231 - - 1,324 (74) - - - 21,446 18,571 1,589 1,864 3,474 - - - 588,697 - - - - 588,697 899,692 ' 502,000 18,200 26,000 164,000 35,000 - 2,500 - 747,700 686,000 560,662 18,200 53,276 757,298 55,008 421 2,500 1,471,029 1,745,963 ' 392,104 22 5,894 193,541 49,149 33,832 4 2,101,983 2,795,624 985,274 ' (392,104) (22) 5,894 (193,541) (49,149) 33,832 4 2,101,983 2,795,624 985,274 $ 168,558 $ 18,178 $ 59,170 $ 563,757 $ 5,859 $ 34,253 $ 2,504 $ 2,101,983 $ 4,266,653 $ 2,731,237 ' 41 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) Fire and Road Service Districts Fire Road Fire Womens Monashka Bay Service Womens Bay View Protection Bay Fire Road Service District Bay Service Road Service Area No. 1 Department Area No. 1 Area Area REVENUES: Property taxes $ 207,613 $ 41,389 $ 19,011 $ 195,716 $ 66,278 $ 4,484 State sources 19,267 572 2,090 10,523 10,561 855 Federal sources 2,503 - - 3,338 - - Land sale proceeds _ _ _ _ _ _ Licenses, permits, fees and other local revenues 6,000 9,000 - - 20,000 - Investments and property 39,357 3,888 2,770 20,309 11,080 248 Total revenues 274,740 54,849 23,871 229,886 107,919 5,587 EXPENDITURES: Planning and community development - - _ _ _ _ General and administration 147,689 43,189 Health and sanitation _ _ Oil spill cleanup - _ _ - - - Capital outlay: Services district maintenance - - 8,076 46,854 128,816 5,277 General _ _ Total expenditures 147,689 43,189 8,076 46,854 128,816 5,277 Excess (deficiency) of revenues over (under) expenditures 127,051 11,660 15,795 183,032 (20,897) 310 OTHER FINANCING SOURCES (USES): Operating transfers in from other funds - - _ _ _ - Operating transfers out to other funds (658) Net other financing sources (uses) (658) - - - _ Excess (deficiency) of revenues and operating transfers in over (under) expenditures and operating transfers out 126,393 11,660 15,795 183,032 (20,897) 310 FUND BALANCE, at beginning of year 441,620 58,695 39,082 236,944 190,492 2,605 FUND BALANCE, at end of year $ 568,013 $ 70,355 $ 54,877 $ 419,976 $ 169,595 $ 2,915 EXHIBIT B-2 43 State Grant Programs Woodland Service Mental Child Care Buildings Acres Street Area Health Coastal Assistance and Light Service Oil Spill No. 2 Center Management Program Land Sales Grounds Area Cleanup $ - $ - $ - $ - $ - $ - $ 12,887 $ - - 554,904 30,350 319,110 - - 169 - - - - 389,582 - - - 444,590 - - 16,420 - - - 26 2,061 - - 4,905 320,128 1,841 - 26 1,001,555 30,350 319,110 410,907 320,128 14,897 - - - 30,350 - - - - - - - - - 278,830 488,163 5,041 - - 1,626,993 - 319,110 - - - - - 1,626,993 30,350 278,830 319,110 488,163 5,041 - 26 (625,438) - - 132,077 (168,035) 9,856 - - 235,000 - - - 165,666 - 25,486 - (8,550) - - (374,018) - - - - 226,450 - - (374,018) 165,666 - 25,486 26 (398,988) - - (241,941) (2,369) 9,856 25,486 2,970 6,884 (22) 5,894 48,400 (46,780) 23,976 (25,486) $ 2,996 $ (392,104) $ (22) $ 5,894 $ (193,541) $ (49,149) $ 33,832 $ - (continued) 43 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE YE AR ENDED JUNE 30, 1996 (with comparative totals for 1995) EXHIBIT B-2, continued Kodiak Arts Council Facilities REVENUES: Property taxes State sources Federal sources Land sale proceeds Licenses, permits, fees and other local revenues Investments and property Total revenues EXPENDITURES: Planning and community development General and administration Health and sanitation Oil spill cleanup Capital outlay: Services district maintenance General Total expenditures Excess (deficiency) of revenues over (under) expenditures OTHER FINANCING SOURCES (USES): Operating transfers in Operating transfers out Net operating transfers Excess (deficiency) of revenues and operating transfers in over (under) expenditures and operating transfers out FUND BALANCE, at beginning of year FUND BALANCE, at end of year Totals 31,765 31,765 8,000,000 101,983 8,101,983 1996 1995 547,378 $ 412,910 948,401 985,984 5,841 5,397 8,389,582 276,692 527,775 679,752 508,596 392,580 4 8,101,983 7,767,424 - - 30,350 58,550 31,761 - 994,673 1,040,359 - - 1,946,103 1,991,125 - - - 21,414 - - 189,023 208,375 - - - 5,319 31,761 - 3,160,149 3,325,142 4 8,101,983 7,767,424 (571,827) - 426,152 (6,000,000) (6,383,226) (6,000,000) (5,957,074) 209,081 (462,177) 4 2,101,983 1,810,350 (1,034,004) 985,274 2,019,278 $ 4 $ 2,101,983 $ 2,795,624 $ 985,274 44 � I KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS FIRE AND ROAD SERVICE DISTRICTS -FIRE PROTECTION AREA NO. 1 STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with com parative totals for 1995) EXIIIBIT B-3 REVENUES: Property taxes State sources - Shared revenue t Federal sources - Payment in lieu of taxes Licenses, permits, fees and other local revenues Investments and property Total revenues EXPENDITURES: General and administration: Fire chief Volunteers Fringe benefits Contracted services Support goods and services Capital outlay Depreciation Total expenditures Excess (deficiency) of revenues over (under) expenditures OTHER FINANCING USES: Operating transfers out to other funds: Debt Service Excess (deficiency) of revenues over (under) expenditures and operating transfers out FUND BALANCE, at beginning of year FUND BALANCE, at end of year 75,900 1996 (3,245) 72,823 12,000 5,745 Variance - 8,130 22,080 25,674 Favorable 1995 Budget Actual (Unfavorable) Actual $ 199,300 $ 207,613 $ 8,313 $ 194,178 15,000 19,267 4,267 18,525 2,500 2,503 3 2,313 6,000 6,000 - 6,000 6,000 39,357 33,357 16,198 228,800 274,740 45,940 237,214 75,900 79,145 (3,245) 72,823 12,000 5,745 6,255 8,130 22,080 25,674 (3,594) 22,471 4,000 - 4,000 - 179,820 37,125 142,695 45,304 20,000 - 20,000 3,535 15,000 - 15,000 - 328,800 147,689 181,111 152,263 (100,000) 127,051 227,051 84,951 - (658) (658) (1,258) $ (100,000) 126,393 $ 226,393 83,693 441,620 357,927 $ 568,013 $ 441,620 45 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS FIRE AND ROAD SERVICE DISTRICTS - WOMENS BAY FIRE DEPARTMENT STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) EXHIBIT B4 REVENUES: Property taxes State sources: Shared revenue Grant Licenses, permits, fees and other local revenues Investments and property Total revenues EXPENDITURES: General and administration: Personnel services Contracted services Fringe benefits Support goods and services Capital outlay Total expenditures Excess (deficiency) of revenues over (under) expenditures FUND BALANCE, at beginning of year FUND BALANCE, at end of year 46 1996 Variance - Favorable 1995 Budget Actual (Unfavorable) Actual $ 41,200 $ 41,389 $ 189 $ 41,376 585 572 (13) 647 - - - 3,312 9,100 9,000 (100) 9,129 3,000 3,888 888 3,097 53,885 54,849 964 57,561 1,700 1,478 222 - 300 - 300 300 3,000 1,266 1,734 1,446 54,885 38,295 16,590 30,855 4,000 2,150 1,850 2,925 63,885 43,189 20,696 35,526 $ (10,000) 11,660 $ 21,660 22,035 58,695 36,660 $ 70,355 $ 58,695 46 KODIAK ISLAND BOROUGH EXHIBIT B-5 SPECIAL REVENUE FUNDS FIRE AND ROAD SERVICE DISTRICTS - MONASHKA BAY ROAD SERVICE AREA STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JU 30, 1996 ( comparative total for 1995) 1996 REVENUES: Property taxes State sources - Shared revenue Investments and property Total revenues EXPENDITURES: Capital outlay: Service district maintenance: Personnel services Snow removal/sanding Road grading/ditching Repairs and maintenance Support goods and services Total expenditures Excess (deficiency) of revenues over (under) expenditures FUND BALANCE, at beginning of year FUND BALANCE, at end of year 920 96 Variance - 262 11,000 4,864 Favorable 1995 Budget Actual (Unfavorable) Actual $ 18,060 $ 19,011 $ 951 $ 17,996 2,100 2,090 (10) 2,322 1,200 2,770 1,570 2,452 21,360 23,871 2,511 22,770 920 96 824 262 11,000 4,864 6,136 9,163 7,700 3,116 4,584 9,459 900 - 900 3,405 840 - 840 718 21,360 8,076 13,284 23,007 $ - 15,795 $ 15,795 39,082 $ 54,877 47 (237) $ 39,082 KODIAK ISLAND BOROUGH EXHIBIT B-6 SPECIAL REVENUE FUNDS FIRE AND ROAD SERVICE DISTRICTS - SERVICE DISTRICT NO. 1 STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comp arative totals for 1995) 1996 REVENUES: Property taxes State sources - Shared Revenue Federal sources - Payment in lieu of taxes Investments and property Total revenues EXPENDITURES: Capital outlay: Service district maintenance: Personnel services Repairs and maintenance Snow removal/sanding Road grading/ditching Support goods and services Total expenditures Excess (deficiency) of revenues over (under) expenditures FUND BALANCE, at beginning of year FUND BALANCE, at end of year 3,670 4,432 Variance - 3,914 199,730 2,572 Favorable 1995 Budget Actual (Unfavorable) Actual $ 178,000 $ 195,716 $ 17,716 $ 77,403 11,000 10,523 (477) 11,174 - 3,338 3,338 3,084 - 20,309 20,309 13,793 189,000 229,886 40,886 105,454 3,670 4,432 (762) 3,914 199,730 2,572 197,158 10,171 94,000 29,008 64,992 63,782 40,000 10,738 29,262 13,823 1,600 104 1,496 4,283 339,000 46,854 292,146 95,973 $ (150,000) 183,032 $ 333,032 9,481 236,944 227,463 $ 419,976 $ 236,944 48 I I KODIAK ISLAND BOROUGH EXIMIT B-7 SPECIAL REVENUE FUNDS FIRE AND ROAD SERVICE DISTRICTS - WOMENS BAY SERVICE AREA STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) �. 1996 Variance- Favorable 1995 Budget Actual (Unfavorable) Actual REVENUES: Property taxes $ 62,524 $ 66,278 $ 3,754 $ 66,099 State sources - Shared revenue 12,600 10,561 (2,039) 11,321 Disaster relief - - - 247 Licenses, permits, fees and other local revenues 20,000 20,000 - 10,000 Investment income 11,500 11,080 (420) Other - - - 10,710 Total revenues 106,624 107,919 1,295 98,377 EXPENDITURES: Capital outlay: Service district maintenance: Personnel services Snow removal/sanding 2,300 30,000 1,951 29,841 349 159 763 46,891 Road grading/ditching 60,264 54,890 5,374 20,363 Repairs and maintenance 40,660 41,703 (1,043) 12,779 Service district maintenance 23,400 431 22,969 3,249 Total expenditures 156,624 128,816 27,808 84,045 Excess (deficiency) of revenues over (under) expenditures $ (50,000) (20,897) $ 29,103 14,332 FUND BALANCE, at beginning of year FUND BALANCE, at end of year 190,492 176,160 $ 169,595 $ 190,492 49 KODIAK ISLAND BOROUGH EXHIBIT B-8 SPECIAL REVENUE FUNDS FIRE AND ROAD SERVICE DISTRICTS -BAY VIEW ROAD SERVICE AREA STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) 1996 REVENUES: Property taxes State sources - Shared revenue Investments and property Total revenues EXPENDITURES: Capital outlay: Service district maintenance: Personnel services Snow removal/sanding Road grading/ditching Repairs and maintenance Support goods and services Total expenditures Excess of revenues over expenditures FUND BALANCE, at beginning of year - 19 Variance - 59 2,000 1,414 Favorable 1995 Budget Actual (Unfavorable) Actual 1,000 110 890 $ 4,110 $ 4,484 $ 374 $ 4,525 1,000 855 (145) 918 200 248 48 211 5,310 5,587 277 5,654 - 19 (19) 59 2,000 1,414 586 3,292 2,000 3,734 (1,734) 1,426 1,000 110 890 302 310 - 310 155 5,310 5,277 33 5,234 $ - 310 $ 310 420 FUND BALANCE, at end of year $ 2,915 50 2,185 $ 2,605 1 1, 1 gg P. i i I[ t �s KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS SERVICE AREA NO.2 STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) EXHIBIT B-9 REVENUES: Investment income Total revenues EXPENDITURES: Capital outlay: Service district maintenance: Total expenditures Excess (deficiency) of revenues over (under) expenditures FUND BALANCE, at beginning of year FUND BALANCE, at end of year 1996 Variance - Favorable 1995 Budget Actual (Unfavorable) Actual $ - $ 26 $ 26 $ - 26 26 - 500 - 500 116 500 - 500 116 $ (500) 26 $ 526 (116) $ 2,996 $ 2,970 51 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS MENTAL HEALTH CENTER STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative t otals for 1995) EXHIBIT B-10 r� 4 1996 Variance - Favorable 1995 Budget Actual (Unfavorable) Actual REVENUES: State sources: Health, Social and Community Services Program Other Licenses, permits, fees and other local revenues: Net individual and organization user fees Investments and property: Rental fees Interest Total revenues EXPENDITURES: Health and sanitation: Mental health program: Personnel services Travel Facility Supplies Equipment Capital outlay Other Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES (USES): Operating transfers in (out) to other funds: General Fund Debt Service Net other financing sources (uses) Deficiency of revenues and operating transfer in under expenditures and operating transfers out FUND BALANCE, at beginning of year FUND BALANCE, at end of year $ 555,300 $ 554,904 $ (396) $ 557,880 - - - 77 874,750 444,590 (430,160) 615,622 - 306 306 36,000 200 1,755 1,555 (1,888) 1,430,250 1,001,555 (428,695) 1,207,691 1,459,310 1,411,625 47,685 1,341,343 36,350 32,282 4,068 19,797 27,400 24,149 3,251 87,093 25,820 19,296 6,524 23,680 15,500 13,432 2,068 12,298 20,000 20,535 (535) 9,402 95,870 105,674 (9,804) 176,374 1,680,250 1,626,993 53,257 1,669,987 (250,000) (625,438) (375,438) (462,296) 235,000 235,000 - - (8,550) (8,550) 235,000 226,450 (8,550) $ (15,000) (398,988) $ (383,988) 6,884 $ (392,104) 52 204,476 204,476 (257,820) 264,704 $ 6,884 KODIAK ISLAND BOROUGH EXHIBIT &11 SPECIAL REVENUE FUNDS COASTAL MANAGEMENT STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) 1996 REVENUES: State sources - Grants Total revenues EXPENDITURES: Community development department Planning and zoning Total expenditures Deficiency of revenues under expenditures Budget $ 30,350 $ Variance - Favorable 1995 :tual (Unfavorable) Actual 30,350 $ - $ 58,548 30,350 30,350 30,350 30,350 - 30,350 30,350 - 58,550 (2) FUND BALANCE, at beginning of year (22) (20) FUND BALANCE, at end of year $ (22) $ (22) 53 KODIAK ISLAND BOROUGH EXHIBIT B-12 SPECIAL REVENUE FUNDS CHILD CARE ASSISTANCE PROGRAM STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) 1996 REVENUES: State sources - Grants Total revenues EXPENDITURES: Health and sanitation: Day care payments Total expenditures Deficiency of revenues under expenditures FUND BALANCE, at beginning of year FUND BALANCE, at end of year Variance - Favorable 1995 Budget Actual (Unfavorable) Actual $ 325,628 $ 319,110 $ (6,518) $ 320,828 325,628 319,110 (6,518) 320,828 325,628 319,110 6,518 321,138 325,628 319,110 6,518 321,138 $ - - $ - (310) 5,894 6,204 $ 5,894 $ 5,894 54 I KODIAK ISLAND BOROUGH EX IIBIT B-13 SPECIAL REVENUE FUNDS LAND SALES STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) 1996 Variance - Favorable 1995 Budget Actual (Unfavorable) Actual REVENUES: Land sale proceeds $ 500,000 $ 389,582 $ (110,418) $ 276,692 Licenses, permits, fees and other local revenues: Gravel sales Other Investment income Total revenues EXPENDITURES: General and administration: Personnel services Contracted services Support goods and services Capital outlay Allocated to projects Total expenditures Excess (deficiency) of revenues over (under) expenditures OTHER FINANCING SOURCES (USES): Operating transfers in from other funds Operating transfers out to other funds: Buildings and Grounds Debt Service Other Capital Projects - Various Other Projects Total Operating Transfers Out Net operating transfers 40,000 Deficiency of revenues and operating (24,980) transfers in under expenditures and operating 5,520 transfers out (4,120) FUND BALANCE, at beginning of year 20,000 FUND BALANCE, at end of year (15,095) 16,660 40,000 15,020 (24,980) 34,476 5,520 1,400 (4,120) 4,525 20,000 4,905 (15,095) 16,660 565,520 410,907 (154,613) 332,353 131,450 137,144 (5,694) 127,291 75,500 110,654 (35,154) 195,488 42,420 29,761 12,659 51,648 15,000 1,271 13,729 5,319 - - - (930) 264,370 278,830 (14,460) 378,816 301,150 132,077 (169,073) (46,463) 1,095 (19,000) (19,000) - - (2,018) (2,018) (353,000) (353,000) - (670,000) (372,000) (374,018) (2,018) (670,000) (372,000) (374,018) (2,018) (668,905) $ (70,850) (241,941) $ (171,091) (715,368) 48,400 763,768 $ (193,541) $ 48,400 11 55 KODIAK ISLAND BOROUGH EXII -HBIT B-14 SPECIAL REVENUE FUNDS BUILDINGS AND GROUNDS FUND STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) 1996 REVENUES: Investments and property: Rental Total revenues EXPENDITURES: General and administration: School buildings Borough building Apartments Parks operation and maintenance Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES (USES): Operating transfers in from other funds: General Fund Land Sales Fund Debt Service Fund Other Total other financing sources Deficiency of revenues and operating transfers in under expenditures FUND BALANCE, at beginning of year FUND BALANCE, at end of year Variance - Favorable 1995 Budget Actual (Unfavorable) Actual $ 317,080 $ 320,128 $ 3,048 $ 294,126 317,080 320,128 3,048 294,126 107,000 95,130 11,870 107,432 308,570 302,472 6,098 297,419 58,500 68,528 (10,028) 50,391 19,000 22,033 (3,033) 18,652 493,070 488,163 4,907 473,894 (175,990) (168,035) 7,955 (179,768) 146,340 146,340 - - 19,000 19,000 - - - 326 326 95 165,340 165,666 326 95 (10,650) (2,369) 8,281 (179,673) (46,780) 132,893 $ (49,149) $ (46,780) 56 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS WOODLAND ACRES STREET LIGHT SERVICE AREA STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) EXHIBIT B-15 REVENUES: Property taxes State sources - Shared revenue Investments and property Total revenues EXPENDITURES: General and administration: Electricity Capital outlay Support goods and services Total expenditures Excess of revenues over expenditures FUND BALANCE, at beginning of year FUND BALANCE, at end of year 7,950 5,041 2,909 4,850 3,000 - 3,000 - - - - 329 10,950 5,041 5,909 5,179 $ - 9,856 $ 9,856 7,560 23,976 16,416 $ 33,832 $ 23,976 FF] 1996 Variance - Favorable 1995 Budget Actual (Unfavorable) Actual $ 10,730 $ 12,887 $ 2,157 11,333 220 169 (51) 185 - 1,841 1,841 1,221 10,950 14,897 3,947 12,739 7,950 5,041 2,909 4,850 3,000 - 3,000 - - - - 329 10,950 5,041 5,909 5,179 $ - 9,856 $ 9,856 7,560 23,976 16,416 $ 33,832 $ 23,976 FF] KODIAK ISLAND BOROUGH EXHIBIT B-16 SPECIAL REVENUE FUNDS OIL SPILL CLEANUP SCHEDULE OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YE AR ENDED JUNE 30, 1996 (with comparative totals for 1995) Project Project Project Variance - to Date to Date 1996 to Date Favorable Budget 1995 Actual 1996 (Unfavorable) REVENUES: 3,664,127 - 3,664,127 (909,473) Exxon reimbursements $ 2,000,000 $ 1,310,577 $ - $ 1,310,577 (689,423) State sources: Department of Environmental Conservation grants Department of Community and Regional Affairs grants Other sources Total revenues EXPENDITURES: Oil spill cleanup: Personal services Fringe benefits Contracted services Support goods and services Capital outlay Legal fees Disbursements to villages Total expenditures OTHER FINANCING SOURCES (USES): Operating transfers in from other funds: General Fund Total other financing sources Excess (deficiency) of revenues and operating transfers in over (under) expenditures an operating transfers out FUND BALANCE, at beginning of year FUND BALANCE, at end of year 2,560,000 2,337,280 - 2,337,280 (222,720) 13,600 13,600 - 13,600 - - 2,670 - 2,670 2,670 4,573,600 3,664,127 - 3,664,127 (909,473) 555,170 590,923 - 590,923 (35,753) 9,330 89,029 - 89,029 (79,699) - 113,309 - 113,309 (113,309) 2,262,600 1,568,018 - 1,568,018 694,582 - 30,373 - 30,373 (30,373) 10,000 169,806 - 169,806 (159,806) 1,936,500 1,139,695 - 1,139,695 796,805 4,773,600 3,701,153 - 3,701,153 1,072,447 25,487 25,487 $ (174,513) 11,540 25,486 37,026 11,540 25,486 37,026 (25,486) 25,486 - 11,540 11,540 $ 174,513 (25,486) - $ (25,486) $ - $ - 58 KODIAK ISLAND BOROUGH EXHIBIT B-17 SPECIAL REVENUE FUNDS KODIAK ARTS COUNCIL STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) i 1 996 REVENUES: Reimbursement from Kodiak Arts Council Total revenues EXPENDITURES: General administration: Personnel services Fringe benefits Total expenditures Excess (deficiency) of revenues over (under) expenditures FUND BALANCE, at beginning of year FUND BALANCE, at end of year Variance- Favorable 1995 Budget Actual (Unfavorable) Actual $ 36,650 $ 31,765 $ (4,885) $ - 36,650 31,765 (4,885) - 28,000 24,182 3,818 - 8,650 7,579 1,071 - 36,650 31,761 4,889 - $ - 4 $ (9,774) - $ 4 $ - 59 KODIAK ISLAND BOROUGH SPECIAL REVENUE FUNDS FACILITIES FUND STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) EXHIBIT B-18 1996 REVENUES: Proceeds from the sale of Shuyak Island Investment income Total revenues EXPENDITURES: General and administration Total expenditures Excess of revenues over expenses OTHER FINANCING SOURCES (USES): Operating transfers out to other funds: Near Island Capital Project fund Total other financing uses Excess of revenues and operating transfers in over expenditures FUND BALANCE, at beginning of year FUND BALANCE, at end of year Variance - Favorable 1995 Budget Actual (Unfavorable) Actual $ 8,400,000 $ 8,000,000 $ (400,000) $ - - 101,983 101,983 - 8,400,000 8,101,983 (298,017) - 8,400,000 8,101,983 (298,017) - (6,000,000) (6,000,000) - (6,000,000) (6,000,000) $ 8,400,000 2,101,983 $ (6,298,017) - 60 $ 2,101,983 $ - 1 r 1 DEBT SERVICE FUNDS L s Debt Service Funds are used to account for the payment of principal, interest and related fees on all bonded debt except for special assessment bonded debt accounted for in proprietary funds. 1 1 1 1 1 1 1 1 1 1 1 1 1 f 1 1 1 1 1 KODIAK ISLAND BOROUGH EXHIBIT C -1 DEBT SERVICE FUNDS COMBINING BALANCE SHEET AS OF JUNE 30, 1996 (with comparative totals for 1995) FUND BALANCES: Unreserved: Designated for subsequent year expenditures 1,750,067 267,899 2,017,966 2,315,860 TOTAL $ 1,757,643 $ 267,899 $ 2,025,542 $ 2,891,087 61 Totals Bonds Other 1996 1995 ASSETS Equity in central treasury $ 458 $ 62,899 $ 63,357 $ 242,748 Temporary investments 1,521,417 - 1,521,417 2,582,930 Due from State of Alaska 228,063 - 228,063 24,625 Due from other funds - 205,000 205,000 - Accrued interest receivable 7,705 - 7,705 40,784 TOTAL $ 1,757,643 $ 267,899 $ 2,025,542 $ 2,891,087 LIABILITIES AND FUND BALANCES LIABILITIES: Accounts payable $ 2,576 $ - $ 2,576 $ 227 Due to component unit - - - 575,000 Due to other funds 5,000 - 5,000 - Total liabilities 7,576 - 7,576 575,227 FUND BALANCES: Unreserved: Designated for subsequent year expenditures 1,750,067 267,899 2,017,966 2,315,860 TOTAL $ 1,757,643 $ 267,899 $ 2,025,542 $ 2,891,087 61 KODIAK ISLAND BOROUGH DEBT SERVICE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES TRANSFERS AND CHANGES IN FUND BALANCE YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) EXHIBIT C -2 I 62 Totals Bonds Other 1996 1995 REVENUES: Investments and property: Interest income $ 127,994 $ - $ 127,994 $ 155,824 EXPENDITURES: Debt service: Principal 2,480,833 - 2,480,833 2,270,833 Interest 1,370,170 - 1,370,170 1,760,185 Fiscal agent fees 2,151 - 2,151 1,416 Other 14,360 - 14,360 13 Total expenditures 3,867,514 - 3,867,514 4,032,447 Deficiency of revenues under expenditures (3,739,520) - (3,739,520) (3,876,623) OTHER FINANCING SOURCES: Operating transfer in from component unit 2,489,819 - 2,489,819 2,532,010 Operating transfers in from other funds: General Fund 874,000 16,907 890,907 935,234 Capital Projects 50,000 - 50,000 - Special Revenue Funds: Mental Health - 8,550 8,550 - Land Sales - 2,018 2,018 - Bayside - 658 658 - Fire Service District Area 1 - - - 1,258 Total other financing sources 3,413,819 28,133 3,441,952 3,468,502 OTHER FINANCING USES: Operating transfers out to other funds: Special revenue funds: Mental Health Center - - - (4,476) Land Sales - - - (1,095) Buildings and Grounds - (326) (326) (95) Capital Projects - - - (1,637,178) Total other financing uses - (326) (326) (1,642,844) Net other financing sources 3,413,819 27,807 3,441,626 1,825,658 Excess (deficiency) of revenues and operating transfers in over (under) expenditures and operating transfers out (325,701) 27,807 (297,894) (2,050,965) FUND BALANCE, beginning of year 2,075,768 240,092 2,315,860 4,366,825 FUND BALANCE, end of year $ 1,750,067 $ 267,899 $ 2,017,966 $ 2,315,860 62 KODIAK ISLAND BOROUGH EXH BIT C -3 DEBT SERVICE FUNDS BONDS STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with c omparative totals for 1995) 63 1996 Variance- Favorable 1995 Budget Actual (Unfavorable) Actual REVENUES: Investments and property: Interest income $ 180,000 $ 127,994 $ (52,006) $ 155,824 EXPENDITURES: Debt service: Principal 2,480,840 2,480,833 7 2,270,833 Interest 1,370,170 1,370,170 - 1,760,185 Fiscal agent fees 5,000 2,151 2,849 1,416 Other 48,970 14,360 34,610 13 Total expenditures 3,904,980 3,867,514 37,466 4,032,447 Deficiency of revenues under expenditures (3,724,980) (3,739,520) (14,540) (3,876,623) OTHER FINANCING SOURCES: Operating transfer in from component unit 2,425,980 2,489,819 63,839 2,532,010 Operating transfers in from other funds: General Fund 874,000 874,000 - 924,000 Capital Projects 50,000 50,000 - - Total other financing sources 3,349,980 3,413,819 63,839 3,456,010 OTHER FINANCING USES: Operating transfers out: Capital Projects - - - (1,637,178) Total other financing uses - - - (1,637,178) Net other financing sources 3,349,980 3,413,819 63,839 1,818,832 Deficiency of revenues and operating transfers in under expenditures and other operating transfers out $ (375,000) (325,701) $ 49,299 (2,057,791) FUND BALANCE, at beginning of year 2,075,768 4,133,559 FUND BALANCE, at end of year $ 1,750,067 $ 2,075,768 63 KODIAK ISLAND BOROUGH EXHIBIT C -4 I DEBT SERVICE FUNDS OTHER STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) EXPENDITURES: Termination reserve Total expenditures OTHER FINANCING SOURCES: Operating transfers in from other funds: General fund Mental Health Center Land sale Bayside Fire Service Area No. 1 Total financing sources OTHER FINANCING USES: Operating transfer out to other funds: Mental Health Center Land sale Building and grounds Total financing uses Net other financing sources 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 1996 Variance - Favorable 1995 Budget Actual (Unfavorable) Actual $ 9,000 $ - $ 9,000 $ - 9,000 - 9,000 - 9,000 16,907 - 8,550 2,018 658 9,000 28,133 7,907 11,234 8,550 - 2,018 - 658 - - 1,258 19,133 12,492 (4,476) (1,095) (326) (326) (95) - (326) (326) (5,666) 9,000 27,807 18,807 6,826 $ - 27,807 $ 27,807 6,826 240,092 233,266 $ 267,899 $ 240,092 64 7 1 L 1 1 CAPITAL PROJECTS FUNDS Capital Projects Funds are used to account for general govern- ment capital projects financed by general obligation bond issues, intergovernmental grants, contributions from other funds and interest income, exclusive of projects financed by proprietary funds. L� 1 L KODIAK ISLAND BOROUGH CAPITAL PROJECTS FUNDS COMBINING BALANCE SHEET AS OF TUNE 30, 1996 (with comparative totals for 1995) ASSETS Equity in central treasury Temporary investments Due from State of Alaska Due from Federal Government Accrued interest Due from other funds TOTAL LIABILITIES AND FUND BALANCES LIABILITIES: Accounts payable Retainages payable Deferred revenue Revenue anticipation note payable Due to other funds Total liabilities FUND BALANCES: Reserved for encumbrances Unreserved: Designated for subsequent years' expenditures Undesignated Total fund balance TOTAL Various School Hospital Borough Bond Bond Projects Improvements Improvements $ 18,065 $ 133,363 $ 13,740 1,524,755 - 4,768,196 381,766 - - 13,104 - 35,878 171,900 20,000 - $ 2,109,590 $ 153,363 $ 4,817,814 $ 39,390 $ 15,644 $ 938,465 166,725 1 5,192 730,174 - - 3,000,000 200,000 62,200 392,200 406,115 93,036 5,060,839 309,176 36,295 3,915,177 1,394,299 24,032 (4,158,202) 1,703,475 60,327 (243,025) $ 2,109,590 $ 153,363 $ 4,817,814 66 EXHIBIT D -1 Near State School Island Capital Major Research Totals Grants Maintenance Facility 1996 1995 $ 33,771 $ 45 $ 4,461 $ 203,445 $ 378,191 - - 5,961,424 12,254,375 17,789,002 176,692 - - 176,692 80,659 - 381,766 382,192 32,779 81,761 190,442 - 50,600 - 242,500 675,000 $ 210,463 $ 50,645 $ 5,998,664 $ 13,340,539 $ 19,495,486 $ 107,900 $ - $ 28,852 $ 1,130,251 $ 1,575,025 10,738 - - 922,829 574,699 - _ _ - 36,878 - _ - 3,000,000 - 83,800 - 374,500 1,112,700 100,000 202,438 - 403,352 6,165,780 2,286,602 124,411 - 1,862,062 6,247,121 14,934,430 (116,386) 50,645 3,733,250 927,638 2,286,542 - - (12,088) 8,025 50,645 5,595,312 7,174,759 17,208,884 $ 210,463 $ 50,645 $ 5,998,664 $ 13,340,539 $ 19,495,486 67 KODIAK ISLAND BOROUGH CAPITAL PROJECTS FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES, TRANSFERS AND CHANGES IN FUND BALANCES YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) REVENUES: State sources Federal sources Licenses, permits, fees and other local revenues Investments and property Total revenues EXPENDITURES: Capital improvements: Schools General Total expenditures Excess (deficiency) of revenues over (under) expenditures OTHER FINANCING SOURCES (USES): Operating transfers out to component unit Operating transfers in from other funds Operating transfers out to other funds Net other financing sources (uses) Excess (deficiency) of revenues and operating transfers in over (under) expenditures and operating transfers out FUND BALANCES, at beginning of year FUND BALANCES, at end of year Various School Hospital Borough Bond Bond Projects Improvements Improvements $ - $ - $ - 44,195 - - 5,143 - - 168,328 93,629 377,707 217,666 93,629 377,707 1,525,126 3,789,382 - 418,016 - 10,993,195 1,943,142 3,789,382 10,993,195 (1,725,476) (3,695,753) (10,615,488) (37,000) (130,000) - 690,200 246,461 2,800,000 (271,461) (50,000) - 381,739 66,461 2,800,000 (1,343,737) (3,629,292) (7,815,488) 3,047,212 3,689,619 7,572,463 $ 1,703,475 $ 60,327 $ (243,025) 68 EXHIBIT D -2 Totals 1996 1995 $ 493,442 $ 670,317 44,195 1,078,865 5,143 59,568 708,631 854,823 - - - 5,314,508 8,048,902 Near State School Island Capital Major Research Grants Maintenance Facility $ 493,442 $ - 68,967 - 493,442 68,967 - Totals 1996 1995 $ 493,442 $ 670,317 44,195 1,078,865 5,143 59,568 708,631 854,823 - - - 5,314,508 8,048,902 522,329 - 404,688 12,338,228 2,835,442 522,329 - 404,688 17,652,736 11,134,344 (28,887) 68,967 (404,688) (16,401,325) (8,470,771) 49,000 - - (2,930,000) 49,000 (2,930,000) - (167,000) (250,000) 6,000,000 9,785,661 2,739,178 6,000,000 6,367,200 2,639,178 20,113 (2,861,033) 5,595,312 (10,034,125) (5,831,593) (12,088) 2,911,678 - 17,208,884 23,040,477 $ 8,025 $ 50,645 $ 5,595,312 $ 7,174,759 $ 17,208,884 69 KODIAK ISLAND BOROUGH CAPITAL PROJECTS FUNDS SCHEDULE OF CAPITAL PROJECTS FOR THE YEAR ENDED JUN 3 0, 1996 EXHIBIT D EXPENDITURES AND TRANSFERS TO APPROPRIATIONS COMPONENT UNIT ENCUMBRANCES Project Total Total Unexpended Current Unencumbered No. Project Status Prior 1996 Appropriations Prior 1996 Expenditures Balance Encumbrances Balance Capital Projects - Education: 2 410-04 Work of Art - Auditorium Open f 33,090 f - S 33,090 f 23,000 S 5,000 S 28,000 S 5,090 f - S 5,090 6 410415 Asbestos Removal Program Open 75,000 (4,000) 71,000 63,471 6,400 69,871 1,129 - 1,129 28 410 -441 Old Harbor School Repair Complete 528,500 (528,500) - _ 33 410446 High School Roof Maintenance Open 65,000 - 65,000 46,220 9,483 55,703 9,297 - 9,297 35 410448 Chiniak School Water System Open 45,000 3,500 48,500 19,686 28,478 48,164 336 - 336 70 410458 Peterson Elem/Fed Complete 3,740,690 - 3,740,690 3,740,690 - 3,740,690 - - - 77 410.461 Jr. High Exterior Painting Open 85,000 118,000 203,000 11,187 161,115 172,302 30,698 31,000 (302) 78 410 -462 High School Library Roof Open 35,000 - 35,000 - 5,031 5,031 29,969 - 29,969 80 410 -464 High School Parking Lot Repair Complete 5,000 40,000 45,000 5,000 13,237 18,237 26,763 26,763 39 420 -501 Peterson Elementary Open 580,000 171,340 751,340 555,760 141,647 697,407 53,933 32,174 21,759 41 420 -503 Landscaping - Port Lions Complete 15,000 (6,629) 8,371 3,660 4,711 8,371 - - - 88 410472 High School Phase IV Open 1,639,419 363,369 2,002,788 754,950 1,218,932 1,973,882 28,906 29,002 (96) 90 430 -634 High School Phase IV /Grant Complete 453,949 (453,949) - - - 93 420- 504Northstar Elementary Open 8,500,000 (120,000) 8,380,000 5,156,238 3,225,464 8,381,702 (1,702) 4,121 (5,823) 94 420- 505Ouzinkie School Remodel Open 1,256,000 307,000 1,563,000 1,011,581 547,559 1,559,140 3,860 3,860 97 410 -474 Main Elementary HVAC Open 125,000 - 125,000 119,114 86 119,200 5,800 - 5,800 99 410.476 East Elem. Parking Lot Complete 20,000 15,520 35,520 - 35,580 35,580 (60) - (60) 100 410 -417 Main Elementary Steps Open 5,000 13,000 18,000 65 3,226 3,291 14,709 - 14,709 O 101 410 -478 Pool Regrout Complete 60,000 7,300 67,300 67,266 34 67,300 - - - 104 410481 Auditorium ADA Audio Open 6,500 (6,500) - - - _ 113 410 -641 Ouzinkie School Remodel Open 100,000 (99,660) 340 340 - 340 - - - 116 410 -644 Old Harbor Exterior Paint Complete 45,000 45,000 - 44,552 44,552 448 - 448 122 410 -648 High School Equipment Open - 37,000 37,000 - 37,000 37,000 _ _ _ 125 410 -650 High School Locker Room Open 51,000 51,000 255 255 50,745 50,745 126 410 -651 Akhiok Carpet Repair Open - 5,000 5,000 - - - 5,000 - 5,000 127 410652 Akhiok School Painting Open 119 119 (119) (119) Total Education 17,373,148 (42,209) 17,330,939 11,578,228 5,487,908 17,066,136 264,803 96,297 168,506 Capital Projects - Health: 1 410 -402 Hospital Site Work Complete 123,810 (123,810) - _ _ _ _ 83 410 -467 Hospital Computer Complete 35,000 - 35,000 35,000 - 35,000 - - - 92 430 -631 Hospital Repairs Complete 275,000 (275,000) _ _ _ _ _ _ 95 425 -540 Hospital Remodel Open 9,800,000 6,180,000 15,980,000 2,238,145 10,993,195 13,231,340 2,748,660 3915,177 (1,166,517) 107 410483 DOE Hospital Studies Complete - 3,800 3,800 3,800 - 3,800 - - - 111 410.639 Hospital Construction Open 821,000 9,532 830,532 - - - 830,532 - 830,532 121 410.647 New Ambulance Purchase Open - 6,000 6,000 - - - 6,000 - 6,000 123 430 -637 DOE Energy Grant/KIN Open - 36,079 36,079 36,079 36,079 Total Health 11,054,810 5,836,601 16,891,411 2,276,945 10,993,195 13,270,140 3,621,271 3,915,177 (293,906) Capital Projects - Roads: 8 410418 Chiniak Subdivision Complete 389,770 8,464 398,234 354,910 43,324 398,234 - - 74 410455 Street Signs Open 30,000 (8,000) 22,000 19,671 2,403 22,074 (74) - (74) 82 410 -466 Anton Larsen Road Ext. Open - 25,000 - 25,000 - - - 25,000 - 25,000 Total Roads 444,770 464 445,234 374,581 45,727 420,308 24,926 24,926 (conlimted) fe r a at = � so � r w r ter r ors sr r air M KODIAK ISLAND BOROUGH EXHIBIT D- 3- continued CAPITAL PROJECTS FUNDS SCHEDULE OF CAPITAL PROJECTS FOR THE YEAR ENDED JUNE 30, 1996 APPROPRIATIONS EXPENDITURES ENCUMBRANCES Project Total Total Unexpended Current Unencumbered No. Project Status Prior 1996 Appropriations Prior 1996 Expenditures Balance Encumbrances Balance Capital Projects - Other: 410.4000ndesignatedProjects Open - - - - 2,941 2,941 (2,941) - (2,941) 3 410406 Smokey's Clean Up Complete 416,000 (416,000) - - - - - - - 16 410 -429 New Parks Open 103,210 103,210 39,922 23,357 63,279 39,931 39,931 66 410 -456 Selief Lane Drainage Open 35,000 - 35,000 - - - 35,000 - 35,000 48 430.607 Salonie Creek Open 520,000 24,000 544,000 514,082 6,485 520,567 23,433 - 23,433 54 430 -613 Selief LanefVon Scheele Way Complete 75,000 75,000 - 75,000 75,000 - - - 73 430-623 CAP Hangar 11 Complete 50,000 (50,000) - 71 430-621 Solid Waste Disposal Complete 200,000 (200,000) - - - - - - - 72 430-622 Bayside Fire Station Open 150,000 - 150,000 8,122 94,775 102,897 47,103 - 47,103 79 410463 Crab Analog Report Open 10,000 - 10,000 - - - 10,000 - 10,000 85 410471 Village Metals Removal Open 60,000 90,000 150,000 5,792 105,623 111,415 38,585 38,585 86 410-470 KIB Oil Tank Replacement Open 100,000 - 100,000 80,937 128 81,065 18,936 - 18,936 87 430-632 Community Support Facility Open 350,000 25,000 375,000 109,142 263,266 372,408 2,592 2,592 89 430-633 DHSS/Planning Grant Open 40,000 - 40,000 4,671 9,138 13,809 26,191 26,191 96 410.473 Kodiak Clean Lakes Grant Open 24,000 69,000 93,000 29,846 44,196 74,042 18,958 - 18,958 98 410475 Borough Bldg.Parking Lot Open 20,000 - 20,000 115 515 630 19,370 19,370 102 410 -479 KIB Telephone System Complete 100,000 (100,000) - - 105 410482 Anton Larson Dock Open 70,000 70,000 140,000 2,163 132,004 134,167 5,833 - 5,833 J 106 430 -635 RDA Mini -Grant Complete 25,000 - 25,000 21,368 3,632 25,000 - - - �- 109 410-637 Fisheries Development Open 50,000 - 50,000 - - - 50,000 - 50,000 110 410.638 KIB Recreation Facilities Open 400,000 - 400,000 61,037 16,813 77,850 322,150 249,174 72,976 112 410 -640 Russian River Drum Removal Complete 30,000 4,056 34,056 639 33,658 34,297 (241) (241) 114 410.642 State Airport Improvements Open 7,000 4,000 11,000 - - - 11,000 - 11,000 115 410 -643 Chiniak Tsunami Siren Open - 30,000 30,000 - - - 30,000 - 30,000 117 410.645 Heliopad Striping Open - 3,000 3,000 - - - 3,000 - 3,000 118 410-W Bayside Fuel Tank Open 6,655 6,655 6,655 6,655 - - 119 430-636 Smokey's Rehab Grant Open 223,857 223,857 70,034 70,034 153,823 124,411 29,412 124 426.901 Near Island Research Facility Open 6,000,000 6,000,000 404,688 404,688 5,595,312 1,862,062 3,733,250 Total - Capital Projects Other 2,835,210 5,783,568 8,618,778 877,836 1,292,906 2,170,742 6,448,036 2,235,647 4,212,389 Total All Capital Projects 31,707,938 11,578,424 43,286,362 15,107,590 17,819,736 32,927,326 10,359,036 6,247,122 4,111,914 Capital Projects- Utilities: 60 550 -751 Project 89 -X Complete 425,249 (416,712) 8,537 - - - 8,537 - 8,537 65 550 -752 SpruceCape Water Replace Complete 65,000 (65,000) - - - - - - - 120 550 -754 Otmeloi Water & Sewer Complete 120,000 516,250 636,250 636,250 636,250 Total Utility Projects 610,249 34,538 644,787 636,250 636,250 8,537 8,537 Total Capital/UtilityProjects S 32,318,18 S 11,612,96 $ 43,931,1 S 15,107,59 S 18,455,98 $ 33,563,57 S 10,367,57 $ 6,247,122 $ 4,120,4 1 I 1 t 1 1� ENTERPRISE FUNDS 1 Enterprise Funds are used to account for Borough operations that are financed and operated in a manner similar to private business enterprises. The intent of the Borough is that the costs (expenses, including depreciation) of providing these services to the general public on a continuing basis are financed or recovered primarily through user charges. 1 u t 1 KODIAK ISLAND BOROUGH ENTERPRISE FUNDS COMBINING BALANCE SHEET AS OF JUNE 30, 1996 (with comparative totals for 1995) Municipal Solid Waste Collection and Totals Disposal Water Sewer 1996 1995 ASSETS CURRENT ASSETS: Equity in central treasury $ 186 $ 46,855 $ 45,123 $ 92,164 $ 387,945 Customer receivables 273,635 30,655 61,094 365,384 313,553 Less allowance for doubtful accounts - (6,901) (19,664) (26,565) (26,564) 776,875 397,502 Work in process Net customer receivables 273,635 23,754 41,430 338,819 286,989 2,979,086 6,323,647 Due from component unit - 207,100 - 207,100 - Due from other funds - 147,850 296,950 444,800 140,000 2,241,859 5,019,943 8,460,785 Total current assets 273,821 425,559 383,503 1,082,883 814,934 RESTRICTED ASSETS: Equity in central treasury - 6,274 6,274 12,548 198,274 Temporary investments - - - - 525,774 Total restricted assets - 6,274 6,274 12,548 724,048 FIXED ASSETS: Unclassified utility plant in service 2,205,383 6,012,160 10,211,885 18,429,428 18,719,807 Equipment 773,703 - 3,172 776,875 397,502 Work in process - 311,487 324,763 636,250 - 2,979,086 6,323,647 10,539,820 19,842,553 19,117,309 Less accumulated depreciation (737,227) (1,303,704) (2,079,035) (4,119,966) (3,696,911) Net fixed assets 2,241,859 5,019,943 8,460,785 15,722,587 15,420,398 TOTAL $ 2,515,680 $ 5,451,776 $ 8,850,562 $ 16,818,018 $ 16,959,380 74 EXHIBIT E -1 Municipal Solid Waste Collection and Totals Disposal Water Sewer 1996 1995 LIABILITIES AND FUND EQUITIES CURRENT LIABILITIES: Accounts payable Accrued expenses Customer deposits Due to City of Kodiak Due to other funds Total current liabilities ACCRUAL FOR LANDFILL CLOSURE AND POSTCLOSURE COSTS Total liabilities FUND EQUITIES: Contributions in aid of construction: City of Kodiak State of Alaska Federal Government Other Accumulated amortization Net contributions in aid of construction Retained earnings, unreserved Total fund equities TOTAL $ 225,123 $ 43,356 $ 15,291 - 700 7,249 - 11,905 149,100 - 390,214 62,510 39,285 $ 307,764 $ 252,146 - 15,291 20,936 - 7,949 27,558 16,395 28,300 17,210 - 149,100 140,000 55,680 508,404 457,850 2,316,713 - - 2,316,713 310,757 2,706,927 62,510 55,680 2,825,117 768,607 - 189,166 40,000 229,166 229,166 2,483,473 5,482,630 9,630,603 17,596,706 17,525,686 - 277,135 297,133 574,268 486,689 19,990 28,562 209,554 258,106 345,685 2,503,463 5,977,493 10,177,290 18,658,246 18,587,226 (667,482) (1,303,627) (2,076,765) (4,047,874) (3,659,389) 1,835,981 4,673,866 8,100,525 14,610,372 14,927,837 (2,027,228) 715,400 694,357 (617,471) 1,262,936 (191,247) 5,389,266 8,794,882 13,992,901 16,190,773 $ 2,515,680 $ 5,451,776 $ 8,850,562 $ 16,818,018 $ 16,959,380 75 KODIAK ISLAND BOROUGH ENTERPRISE FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND CHANGES IN RETAINED EARNINGS YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) EXHIBIT E -2 I Municipal Solid Waste Collection and Totals Disposal Water Sewer 1996 1995 OPERATING REVENUES: 367,213 17,238 12,490 396,941 Water sales $ - $ 457,272 $ - $ 457,272 $ 449,817 Sewer service charges - - 557,107 557,107 551,272 Solid waste collection 1,393,922 - - 1,393,922 1,205,065 Solid waste disposal 727,216 - - 727,216 819,630 Installation charges - 3,600 - 3,600 1,352 Other 15,465 5,745 4,130 25,340 26,546 29,308 2,136,603 466,617 561,237 3,164,457 3,053,682 OPERATING EXPENSES: Personnel services 367,213 17,238 12,490 396,941 365,020 Solid waste collection 1,087,242 - - 1,087,242 1,079,015 Purchased water and sewer treatment - 343,167 424,291 767,458 746,758 Contracted services 385,641 - - 385,641 242,163 Repairs and maintenance 49,705 22,680 28,238 100,623 64,160 Landfill closure and postclosure costs 2,005,956 - - 2,005,956 29,308 Depreciation 109,203 109,653 197,065 415,921 414,468 General and administration 169,043 13,829 40,790 223,662 209,234 Recycling services 16,232 - - 16,232 34,659 Contributions 45,935 - - 45,935 - 1,262,936 4,236,170 506,567 702,874 5,445,611 3,184,785 Operating loss (2,099,567) (39,950) (141,637) (2,281,154) (131,103) OTHER INCOME: Interest income - 6,131 6,131 12,262 26,058 Net loss (2,099,567) (33,819) (135,506) (2,268,892) (105,045) ' Amortization of contributions in aid of construction 82,250 109,645 196,590 388,485 383,040 Increase (decrease) in retained earnings (2,017,317) 75,826 61,084 (1,880,407) 277,995 Retained earnings at beginning of year (9,911) 639,574 633,273 1,262,936 984,941 Retained earnings at end of year $ (2,027,228) $ 715,400 $ 694,357 $ (617,471) $ 1,262,936 ' 76 1 KODIAK ISLAND BOROUGH EXHIBIT E -3 ENTERPRISE FUNDS COMBINING STATEMENT OF CASH FLOWS YEAR E NDED JUNE 30, 1996 (with comparative totals for 1995) Municipal Solid Waste Collection and Totals Disposal Water Sewer 1996 1995 OPERATING LOSS $ (2,099,567) $ (39,950) $ (141,637) $ (2,281,154) $ (131,103) ADJUSTMENTS TO RECONCILE OPERATING LOSS TO NET CASH PROVIDED BY OPERATING ACTIVITIES: Depreciation Provision for landfill closure and postclosure costs Changes in assets and liabilities: Customer receivables Due to /from component unit Due to /from other funds Accounts payable Customer deposits Due to the City of Kodiak Other accrued liabilities Total adjustments Net cash provided by (used for) operating activities CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Acquisition and construction of capital assets Proceeds from sale of equipment Net cash used for capital and related financing activities CASH FLOWS FROM INVESTING ACTIVITIES: Change in assets whose use is limited: Interest and dividends on 109,203 109,653 197,065 415,921 414,468 2,005,956 - - 2,005,956 29,308 (70,266) 10,121 8,315 (51,830) 24,352 - (207,100) - (207,100) - 9,100 (7,850) (296,950) (295,700) - 55,953 10,787 (11,122) 55,618 2,397 - (19,609) - (19,609) 8,658 - 2,880 8,210 11,090 7,200 (5,645) - - (5,645) 5,583 2,104,301 (101,118) (94,482) 1,908,701 491,966 4,734 (141,068) (236,119) (372,453) 360,863 (11,210) (311,488) (324,762) (647,460) (184,368) 370 - - 370 - (10,840) (311,488) (324,762) (647,090) (184,368) investments - 6,131 6,131 12,262 26,058 i Net cash provided by investing activities - 6,131 6,131 12,262 26,058 Net change in cash and cash equivalents (6,106) (446,425) (554,750) (1,007,281) 202,553 CASH AND CASH EQUIVALENTS, at beginning of year 6,292 499,554 606,147 1,111,993 909,440 CASH AND CASH EQUIVALENTS, at end of year $ 186 $ 53,129 $ 51,397 $ 104,712 $ 1,111,993 ' Cash and cash equivalents consist of equity in central treasury including those under the caption, "restricted assets," on the balance sheet. 77 L KODIAK ISLAND BOROUGH EXHIBIT E -4 I MUNICIPAL SOLID WASTE COLLECTION AND DISPOSAL FUND BALANCE SHEETS AS OF JUNE 30, 1996 AND 1995 1996 1995 ASSETS CURRENT ASSETS: Equity in central treasury Customer receivables Total current assets FIXED ASSETS: Unclassified utility plant in service Equipment Less accumulated depreciation Net fixed assets TOTAL LIABILITIES AND FUND EQU CURRENT LIABILITIES: Accounts payable Accrued expenses Customer deposits Due to Sewer fund Total current liabilities ACCRUAL FOR LANDFILL CLOSURE AND POSTCLOSURE COSTS $ 186 $ 6,292 273,635 203,369 273,821 209,661 (667,482) (585,231) 2,205,383 2,205,383 773,703 684,709 2,979,086 2,890,092 (737,227) (620,889) 2,241,859 2,269,203 $ 2,515,680 $ 2,478,864 $ 225,123 15,291 700 149,100 390,214 2,316,713 $ 169,170 20,936 700 140,000 330,806 310,757 2,706,927 FUND EQUITY: Contributions in aid of construction: State of Alaska Other Accumulated amortization Net contributions in aid of construction Retained earnings, unreserved Total fund equity TOTAL 641,563 2,483,473 2,412,453 19,990 19,990 2,503,463 2,432,443 (667,482) (585,231) 1,835,981 1,847,212 (2,027,228) (9,911) (191,247) 1,837,301 $ 2,515,680 $ 2,478,864 78 KODIAK ISLAND BOROUGH EXHIBIT E -5 f' MUNICIPAL SOLID WASTE COLLECTION AND DISPOSAL FUND STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND CHANGES IN RETAINED EARNINGS BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) OPERATING EXPENSES: Personnel services 364,005 1996 (3,208) 350,763 Solid waste collection 1,131,980 1,087,242 Variance - 1,079,015 Contracted services 264,500 385,641 Favorable 1995 Repairs and maintenance Budget Actual (Unfavorable) Actual OPERATING REVENUES: 30,000 2,005,956 (1,975,956) 29,308 Solid waste collection $ 1,314,460 $ 1,393,922 $ 79,462 $ 1,205,065 Solid waste disposal 751,090 727,216 (23,874) 819,630 Other 28,135 15,465 (12,670) 17,437 Recycling services 2,093,685 2,136,603 42,918 2,042,132 OPERATING EXPENSES: Personnel services 364,005 367,213 (3,208) 350,763 Solid waste collection 1,131,980 1,087,242 44,738 1,079,015 Contracted services 264,500 385,641 (121,141) 242,163 Repairs and maintenance 41,000 49,705 (8,705) 25,884 Landfill closure and postclosure costs 30,000 2,005,956 (1,975,956) 29,308 Depreciation 127,130 109,203 17,927 107,750 General and administration 177,870 169,043 8,827 143,830 Contributions - 45,935 (45,935) - Recycling services 34,000 16,232 17,768 13,413 2,170,485 4,236,170 (2,065,685) 1,992,126 Operating income (loss) (76,800) (2,099,567) (2,022,767) 50,006 OTHER INCOME: Interest income - - - 282 Net income (loss) $ (76,800) (2,099,567) $ (2,022,767) 50,288 Amortization of contributions in aid of construction 82,250 76,805 Increase (decrease) in retained earnings (2,017,317) 127,093 Retained earnings at beginning of year (9,911) (137,004) Retained earnings at end of year $ (2,027,228) $ (9,911) 79 KODIAK ISLAND BOROUGH MUNICIPAL SOLID WASTE COLLECTION AND DISPOSAL FUND STATEMENTS OF CASH FLOWS YEARS ENDED JUNE 30, 1996 AND 1995 EXHIBIT E -6 I 1996 1995 OPERATING (LOSS) INCOME $ (2,099,567) $ 50,006 ADJUSTMENTS TO RECONCILE OPERATING LOSS TO NET CASH PROVIDED BY OPERATING ACTIVITIES: Depreciation Provision for landfill closure and postclosure costs Changes in assets and liabilities: Customer receivables Due to other funds Accounts payable Other accrued liabilities Total adjustments Net cash provided by operating activities CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Acquisition and construction of capital assets Proceeds from sale of equipment Net cash used for capital and related financing activities CASH FLOWS FROM INVESTING ACTIVITIES: Interest and dividends paid on investments Net change in cash and cash equivalents CASH AND CASH EQUIVALENTS, at beginning of year CASH AND CASH EQUIVALENTS, at end of year 109,203 107,750 2,005,956 29,308 (70,266) 24,879 9,100 (100,000) 55,953 65,051 (5,645) 5,583 2,104,301 132,571 4,734 182,577 (11,210) (184,368) 370 - (10,840) (184,368) (6,106) 6,292 $ 186 282 (1,509) 7,801 $ 6,292 , J r F 80 I I KODIAK ISLAND BOROUGH WATER ENTERPRISE FUND BALANCE SHEETS AS OF JUNE 30, 1996 AND 1995 EXHIBIT E -7 ASSETS 1996 1995 CURRENT ASSETS: Equity in central treasury $ 46,855 $ 137,530 Customer receivables 30,655 40,776 Less allowance for doubtful accounts (6,901) (6,901) Net customer receivables 23,754 33,875 Due from component unit 207,100 - Due from other funds 147,850 140,000 Total current assets 425,559 311,405 RESTRICTED ASSETS: Equity in central treasury 6,274 99,137 Temporary investments - 262,887 Total restricted assets 6,274 362,024 FIXED ASSETS: Unclassified utility plant in service Less accumulated depreciation Work -in- process Net fixed assets TOTAL LIABILITIES AND FUND EQUITY LIABILITIES: Accounts payable Customer deposits Due to City of Kodiak Total liabilities FUND EQUITY: Contributions in aid of construction: City of Kodiak State of Alaska Federal Government Other ' Accumulated amortization Net contributions in aid of construction Retained earnings, unreserved i Total fund equity TOTAL 6,012,160 (1,303,704) 311,487 5,019,943 6,012,160 (1,194,052) 4,818,108 $ 5,451,776 $ 5,491,537 $ 43,356 7,249 11,905 62,510 $ 32,569 26,858 9,025 68,452 189,166 5,482,630 277,135 28,562 5,977,493 (1,303,627) 4,673,866 715,400 5,389,266 $ 5,451,776 189,166 5,482,630 277,135 28,562 5,977,493 (1,193,982) 4,783,511 639,574 5,423,085 $ 5,491,537 81 KODIAK ISLAND BOROUGH EXHIBIT E -8 WATER ENTERPRISE FUND STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND CHANGES IN RETAINED EARNINGS BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) OPERATING EXPENSES: Personnel services 5,000 1996 (12,238) 8,612 Purchased water 352,000 343,167 Variance - 328,913 Repairs and maintenance 30,000 22,680 Favorable 1995 Depreciation Budget Actual (Unfavorable) Actual OPERATING REVENUES: 15,600 13,829 1,771 20,256 Water sales $ 450,000 $ 457,272 $ 7,272 $ 449,817 Installation charges - 3,600 3,600 1,352 Other 4,400 5,745 1,345 5,250 Interest income 454,400 466,617 12,217 456,419 OPERATING EXPENSES: Personnel services 5,000 17,238 (12,238) 8,612 Purchased water 352,000 343,167 8,833 328,913 Repairs and maintenance 30,000 22,680 7,320 15,373 Depreciation 51,800 109,653 (57,853) 109,653 General and administration 15,600 13,829 1,771 20,256 454,400 506,567 (52,167) 482,807 Operating loss - (39,950) (39,950) (26,388) OTHER INCOME: Interest income - 6,131 6,131 12,888 Net loss $ - (33,819) $ (33,819) (13,500) Amortization of contributions in aid of construction 109,645 109,645 Increase in retained earnings 75,826 96,145 Retained earnings at beginning of year 639,574 543,429 Retained earnings at end of year $ 715,400 $ 639,574 82 KODIAK ISLAND BOROUGH WATER ENTERPRISE FUND STATEMENTS OF CASH FLOWS YEARS ENDED JUNE 30, 1996 AND 1995 EXHIBIT E -9 Net change in cash and cash equivalents (446,425) (64,345) CASH AND CASH EQUIVALENTS, at beginning of year 499,554 563,899 CASH AND CASH EQUIVALENTS, at end of year $ 53,129 $ 499,554 Cash and cash equivalents consist of equity in central treasury including those under the caption, "restricted assets," on the balance sheet. 83 1996 1995 OPERATING LOSS $ (39,950) $ (26,388) ADJUSTMENTS TO RECONCILE OPERATING LOSS TO NET CASH PROVIDED BY OPERATING ACTIVITIES: Depreciation 109,653 109,653 Changes in assets and liabilities: Customer receivables 10,121 2,746 Due from component unit (207,100) Due from other funds (7,850) (140,000) Accounts payable 10,787 (35,502) Customer deposits (19,609) 8,658 Due to City of Kodiak 2,880 3,600 Total adjustments (101,118) (50,845) Net cash used for operating activities (141,068) (77,233) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Acquisition and construction of capital assets (311,488) - Net cash used for capital and related fmancing activities (311,488) - CASH FLOWS FROM INVESTING ACTIVITIES: Interest and dividends paid on investments 6,131 12,888 Net change in cash and cash equivalents (446,425) (64,345) CASH AND CASH EQUIVALENTS, at beginning of year 499,554 563,899 CASH AND CASH EQUIVALENTS, at end of year $ 53,129 $ 499,554 Cash and cash equivalents consist of equity in central treasury including those under the caption, "restricted assets," on the balance sheet. 83 KODIAK ISLAND BOROUGH SEWER ENTERPRISE FUND BALANCE SHEETS AS OF JUNE 30, 1996 AND 1995 EXHIBIT E -10 I ASSETS 1996 1995 CURRENT ASSETS: 16,395 8,185 Equity in central treasury $ 45,123 $ 244,123 Customer receivables 61,094 69,408 Less allowance for doubtful accounts (19,664) (19,663) Net customer receivables 41,430 49,745 Due from other funds 296,950 - ' Total current assets 383,503 293,868 RESTRICTED ASSETS: 209,554 209,554 Equity in central treasury 6,274 ' 99,137 Temporary investments - 262,887 Total restricted assets 6,274 362,024 . FIXED ASSETS: Unclassified utility plant in service 10,211,885 10,211,885 Machinery and equipment 3,172 3,172 Less accumulated depreciation (2,079,035 ) (1,881,970) Work -in- process 324,763 Net fixed assets 8,460,785 8,333,087 TOTAL $ 8,850,562 $ 8,988,979 LIABILITIES AND FUND EQUITY LIABILITIES: Accounts payable $ 39,285 $ 50,407 Due to City of Kodiak 16,395 8,185 Total liabilities 55,680 58,592 FUND EQUITY: Contributions in aid of construction: City of Kodiak 40,000 40,000 State of Alaska 9,630,603 9,630,603 Federal Government 297,133 297,133 Other 209,554 209,554 10,177,290 10,177,290 Accumulated amortization (2,076,765) (1,880,176) Net contributions in aid of construction 8,100,525 8,297,114 Retained earnings, unreserved 694,357 633,273 Total fund equity 8,794,882 8,930,387 TOTAL $ 8,850,562 $ 8,988,979 84 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 KODIAK ISLAND BOROUGH SEWER ENTERPRISE FUND STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND CHANGES IN RETAINED EARNINGS BUDGET AND ACTUAL YEAR ENDED JUNE 30, 19 96 (with comparative totals for 1995) EXHIBIT E -11 OPERATING REVENUES: Sewer service charges Other OPERATING EXPENSES: Personnel services Purchased sewer treatment Repairs and maintenance Depreciation General and administration Operating loss OTHER INCOME: Interest income - 6,131 6,131 12,888 Net loss $ (25,000) (135,506) $ (110,506) (141,833) Amortization of contributions in aid of construction 196,590 196,590 Increase in retained earnings 61,084 54,757 Retained earnings at beginning of year 633,273 578,516 Retained earnings at end of year $ 694,357 $ 633,273 85 1996 Variance- Favorable 1995 Budget Actual (Unfavorable) Actual $ 560,000 $ 557,107 $ (2,893) $ 551,272 3,000 4,130 1,130 3,859 563,000 561,237 (1,763) 555,131 9,400 12,490 (3,090) 5,645 420,000 424,291 (4,291) 417,845 65,000 28,238 36,762 44,149 47,700 197,065 (149,365) 197,065 45,900 40,790 5,110 45,148 588,000 702,874 (114,874) 709,852 (25,000) (141,637) (116,637) (154,721) Interest income - 6,131 6,131 12,888 Net loss $ (25,000) (135,506) $ (110,506) (141,833) Amortization of contributions in aid of construction 196,590 196,590 Increase in retained earnings 61,084 54,757 Retained earnings at beginning of year 633,273 578,516 Retained earnings at end of year $ 694,357 $ 633,273 85 KODIAK ISLAND BOROUGH EXHIBIT E_12 1 SEWER ENTERPRISE FUND , STATEMENTS OF CASH FLOWS YEARS ENDED JUNE 30, 1996 AND 1995 ' 1996 1995 OPERATING LOSS $ (141,637) $ (154,721) ADJUSTMENTS TO RECONCILE OPERATING LOSS TO NET CASH PROVIDED BY OPERATING ACTIVITIES: Depreciation Changes in assets and liabilities: Customer receivables Due from other funds Accounts payable Due to City of Kodiak Total adjustments Net cash provided by (used for) operating activities CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Acquisition and construction of capital assets (324,762) - Net cash used by capital and related financing activities (324,762) - CASH FLOWS FROM INVESTING ACTIVITIES: Interest and dividends on investments 6,131 12,888 Net change in cash and cash equivalents (554,750) 268,407 CASH AND CASH EQUIVALENTS, at beginning of year 606,147 337,740 CASH AND CASH EQUIVALENTS, at end of year $ 51,397 $ 606,147 Cash and cash equivalents consist of equity in central treasury including those under the caption, "restricted assets," on the balance sheet. 1 i 197,065 197,065 8,315 (3,273) (296,950) 240,000 (11,122) (27,152) 8,210 3,600 (94,482) 410,240 (236,119) 255,519 86 INTERNAL SERVICE FUNDS Internal Service Funds are used to account for the funding of goods or services provided between departments of the govern- mental unit or to other governments or non - profit agencies on a cost - reimbursement basis. KODIAK ISLAND BOROUGH EXHIBIT F -1 MANAGEMENT INFORMATION SYSTEM FUND BALANCE SHEETS AS OF JUNE 3 0, 1996 AND 1 1996 1995 ASSETS CURRENT ASSETS: Equity in central treasury $ 136,925 $ 125,173 Prepaid expenses 33,696 - Total current assets 170,621 125,173 FIXED ASSETS: Machinery and equipment 807,313 719,583 Less accumulated depreciation (430,994) (275,124) Net fixed assets 376,319 444,459 TOTAL $ 546,940 $ 569,632 LIABILITIES AND FUND EQUITY CURRENT LIABILITIES: Accounts payable $ 6,281 $ 8,184 Accrued liabilities 42,618 31,910 Total current liabilities 48,899 40,094 FUND EQUITY: Contributed capital 617,382 617,382 Retained earnings (119,341) (87,844) Total fund equity 498,041 529,538 TOTAL $ 546,940 $ 569,632 87 KODIAK ISLAND BOROUGH MANAGEMENT INFORMATION SYSTEM FUND STATEMENT OF REVENUES, EXPENSES, TRANSFERS AND CHANGES IN RETAINED EARNINGS BUDGET AND ACTUAL YEAR ENDED JUNE 30, 1996 (with comparative totals for 1995) EXHIBIT F -2 1996 Variance - Favorable 1995 Budget Actual (Unfavorable) Actual OPERATING REVENUES: Charges for services: General Fund Mental Health Center Day Care Assistance Fund Municipal Solid Waste Collection and Disposal Fund Land Sale Fund Kodiak Island Hospital and Care Center Sale of copies OPERATING EXPENSES: Personnel services Repairs and maintenance Depreciation Supplies General and administration Net loss RETAINED EARNINGS, at beginning of year RETAINED EARNINGS, at end of year $ 578,740 $ 579,904 $ 1,164 $ 526,726 - - - 47,903 2,010 2,010 - 2,186 5,700 5,439 (261) 6,118 9,870 8,968 (902) - 55,000 55,000 - - 40,120 29,735 (10,385) 40,922 691,440 681,056 (10,384) 623,855 414,740 441,589 (26,849) 376,823 49,215 33,092 16,123 46,230 145,000 155,869 (10,869) 140,417 30,750 29,372 1,378 25,893 51,735 52,631 (896) 47,698 691,440 712,553 (21,113) 637,061 $ - (31,497) $ (31,497) (13,206) 88 (87,844) (74,638) $ (119,341) $ (87,844) KODIAK ISLAND BOROUGH MANAGEMENT INFORMATION SYSTEMS FUND STATEMENTS OF CASH FLOWS YEARS ENDED JUNE 30, 1996 AND 1995 EXHIBIT F -3 OPERATING LOSS ADJUSTMENTS TO RECONCILE OPERATING LOSS TO NET CASH PROVIDED BY OPERATING ACTIVITIES: Depreciation Changes in assets and liabilities: Prepaid expenses Accounts payable Accrued liabilities Total adjustments Net cash used for operating activities CASH FLOWS FROM INVESTING ACTIVITIES: Acquisition and construction of capital assets Net change in cash and cash equivalents CASH AND CASH EQUIVALENTS, at beginning of year CASH AND CASH EQUIVALENTS, at end of year 1996 1995 $ (31,497) $ (13,206) 155,869 140,417 (33,696) - (1,903) 283 10,708 10,231 130,978 150,931 99,481 137,725 (87,729) (20,338) 11,752 117,387 125,173 7,786 $ 136,925 $ 125,173 89 u 1 1 P, AGENCY FUNDS Agency Funds are used to account for resources received and held by the Borough in a fiduciary capacity for individuals, private organizations, other governments and for other funds. 1 i 1 1 i I 1 1 1 1 1 1 1 1 1 f 1 1 1 KODIAK ISLAND BOROUGH AGENCY FUNDS - DEFERRED COMPENSATION PLAN COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES YEAR ENDED JUNE 30, 1996 EXHIBIT G -1 Balance at Balance at July 1, 1995 Additions Deductions June 30, 1996 ASSETS Investments (at market value) $ 1,222,959 $ 325,653 $ 33,373 $ 1,515,239 LIABILITIES Due to participants $ 1,222,959 $ 325,653 $ 33,373 $ 1,515,239 91 1 i GENERAL FIXED ASSETS ACCOUNT GROUP 1 ' The General Fixed Assets Account Group is a self - balancing account group which is used to account for the fixed assets of the ' Borough other than those recorded in the Enterprise Funds. 1 1 KODIAK ISLAND BOROUGH GENERAL FIXED ASSETS ACCOUNT GROUP SCHEDULE OF FIXED ASSETS BY SOURCE AS OF JUNE 30, 1996 EXHIBIT H -1 1996 GENERAL FIXED ASSETS: Land $ 5,397,389 Buildings 74,905,568 Improvements other than buildings 846,690 Machinery and equipment 1,386,355 Construction work -in- progress 26,326,595 TOTAL $ 108,862,597 INVESTMENT IN GENERAL FIXED ASSETS: Capital Projects Funds: General obligation bonds $ 71,546,963 Federal grants 4,316,206 State grants 15,186,225 General Fund revenues 7,773,871 Special Revenue Fund revenues 941,273 Contributions from State of Alaska 3,786,861 Contributions from Federal Govermnent 1,259,300 Contributions from others 4,051,898 TOTAL $ 108,862,597 93 KODIAK ISLAND BOROUGH EX111BIT H -2 GENERAL FIXED ASSETS ACCOUNT GROUP SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY AS OF JUNE 30, 1996 Improvements Machinery Other Than and Total Land Buildings Buildings Equipment Staff agencies: Borough mayor $ 23,189 $ - $ - $ - $ 23,189 Borough clerk 38,646 - - - 38,646 Finance department 106,260 - - - 106,260 Assessing department 54,056 - - - 54,056 Community development department 121,100 - - - 121,100 Borough engineering and facilities department 80,725 - - - 80,725 Land sales 19,272 - - - 19,272 General administration 127,715 - - - 127,715 Mental Health Center 157,117 - - - 157,117 Child Care Assistance Program 1,240 - - - 1,240 Coastal management 1,123 - - - 1,123 Total staff agencies 730,443 - - - 730,443 Public safety: Emergency preparedness 226,303 - 100,000 - 126,303 Fire Protection Area No. 1 962,644 241,136 455,584 - 265,924 , Womens Bay Service Area 638,411 - 425,655 - 212,756 Woodland Acres Street Light Service Area 3,014 - - 3,014 Total public safety 1,830,372 241,136 981,239 3,014 604,983 Schools 68,388,724 - 68,388,724 - - Teacher housing 125,715 - 125,715 - - General government buildings 4,432,356 - 4,409,890 1,537 20,929 Building sites 404,402 404,402 - - - Playgrounds 710,239 710,239 - Other 1,161,900 - 1,000,000 131,900 30,000 75,223,336 404,402 73,924,329 843,676 50,929 Undeveloped land 4,751,851 4,751,851 - - 82,536,002 5,397,389 74,905,568 846,690 1,386,355 Construction work -in- progress 26,326,595 - 26,326,595 - - Total general fixed assets $ 108,862,597 $ 5,397,389 $ 101,232,163 $ 846,690 $ 1,386,355 94 ' KODIAK ISLAND BOROUGH GENERAL FIXED ASSETS ACCOUNT GROUP SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY FOR THE YEAR ENDED JUNE 30, 1996 EXHIBIT H -3 General Fixed General Fixed Assets at Assets at j July 1, 1995 Additions Deletions June 30, 1996 Staff agencies: Borough mayor $ 20,884 $ 2,305 $ - $ 23,189 Borough clerk 35,646 3,000 - 38,646 Finance department Assessing department 92,113 52,804 14,147 1,252 - - 106,260 54,056 Community development department 115,545 5,555 - 121,100 Borough engineering and facilities department 78,758 1,967 - 80,725 Data processing 566,388 566,388 Land sales 19,272 - - 19,272 General administration 124,910 2,805 127,715 Mental Health Center 136,582 20,535 157,117 Child Care Assistance Program 1,240 - - 1,240 Coastal management 1,123 - - 1,123 Total staff agencies 1,245,265 51,566 566,388 730,443 Public safety: Emergency preparedness 226,303 - - 226,303 Fire Protection Area No. 1 962,644 962,644 Womans Bay Fire District 636,261 2,150 - 638,411 Woodland Acres Street Light - Service Area 3,014 - 3,014 Total public safety 1,828,222 2,150 - 1,830,372 Schools 67,934,435 454,289 - 68,388,724 Teacher housing 125,715 - - 125,715 General government buildings 4,415,709 16,647 - 4,432,356 Building sites 403,132 1,270 404,402 Playgrounds 710,239 - - 710,239 Other 1,161,900 - - 1,161,900 74,751,130 472,206 - 75,223,336 Undeveloped land 7,419,437 - 2,667,586 4,751,851 85,244,054 525,922 3,233,974 82,536,002 Construction work -in- progress 10,287,291 16,493,593 454,289 26,326,595 Total general fixed assets $ 95,531,345 $ 17,019,515 $ 3,688,263 $ 108,862,597 95 I F� 1 1 t 1 GENERAL LONG -TERM DEBT ACCOUNT GROUP 1 ' The General Long Term Debt Account Group is a self- balancing account group which is used to account for unmatured general long -term debt and other obligations backed by the full faith and credit of the Borough except those long -term obligations which are required to be accounted for in the proprietary fund types and ' trust funds. 1 � I 1 ADDITIONAL INFORMATION BONDED INDEBTEDNESS The following schedules reflect total bonded indebtedness of the Borough by bond issue. Each issue outstanding is reflected by date, interest rate, inclusive bond numbers, and amount of principal and interest due. Total indebtedness is reflected on a summary page of all debts not defeased. KODIAK ISLAND BOROUGH EXHIBIT J -1 KODIAK, ALASKA SUMMARY OF BONDED DEBT SERVICE REQUIREMENTS TO MATURITY AS OF JUNE 30, 1996 Annual principal and interest requirements on General Obligation School Refunding and Construction Bonds. Year Principal Interest Total 1997 $ 1,545,000 $ 1,237,938 $ 2,782,938 1998 1,640,000 1,139,284 2,779,284 1999 1,745,000 1,035,416 2,780,416 2000 1,840,000 934,398 2,774,398 2001 1,945,000 825,663 2,770,663 2002 825,000 752,058 1,577,058 2003 860,000 716,170 1,576,170 2004 900,000 678,330 1,578,330 2005 940,000 637,380 1,577,380 2006 980,000 592,730 1,572,730 2007 1,030,000 544,710 1,574,710 2008 1,085,000 489,090 1,574,090 2009 1,145,000 430,500 1,575,500 2010 1,205,000 368,670 1,573,670 2011 1,270,000 303,600 1,573,600 2012 1,340,000 233,750 1,573,750 2013 1,415,000 160,050 1,575,050 2014 1,495,000 82,224 1,577,224 $ 23,205,000 $ 11,161,961 $ 34,366,961 .• KODIAK ISLAND BOROUGH EXHIBIT .J -2 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 I through 816 have been retired. Bonds number 817 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 I of each year beginning in 1989. Bonds maturing in 1997 and after are callable beginning in 1997, and this call privilege may be exercised. This issue was marketed by John Nuveen & Co. of Chicago. Legal opinion was rendered by bond counsel, Wohlforth, Argetsinger, Johnson & Brecht of Anchorage, Alaska. Bonds were issued to refund the 1980 issue. Bonds are payable at Bank of America, Seattle, Washington. * Maturities on and after August 1, 1997 are callable at par on this and any interest date thereafter. MCI Bond Principal Interest Interest Fiscal Interest Numbers Due Due Due Year Rate Inclusive August 1 August 1 February 1 Total 1997 6.80 984 -1161 $ 890,000 $ 175,599 $ 145,339 $ 1,210,938 1998 6.85 1162 -1350 945,000 145,338 112,972 1,203,310 1999 6.90 1351 -1553 1,015,000 112,973 77,955 1,205,928 2000 6.95 1554 -1769 1,080,000 77,955 40,425 1,198,380 2001 7.00 1770 -2000 1,155,000 40,425 - 1,195,425 $ 5,085,000 $ 552,290 $ 376,691 $ 6,013,981 * Maturities on and after August 1, 1997 are callable at par on this and any interest date thereafter. MCI KODIAK ISLAND BOROUGH KODIAK, ALASKA GENERAL OBLIGATION BONDS, 1993 SERIES A RETIREMENT SCHEDULE EXHIBIT J -3 1993 Bond Issue This issue, dated November 15, 1993, was issued as registered bonds under a book entry system registered in the name of Cede & Company, as Nominee of The Depository Trust Company, New York, New York, the securities depository for the 1993 Bonds. This issue was marketed by John Nuveen & Co. Legal opinion was rendered by bond council, Wohlforth, Argetsinger, Johnson & Brecht of Anchorage, Alaska. These bonds were issued to build the Northstar Elementary School, remodel the Ouzinkie School, and remodel and expand the Kodiak Island Hospital. Bonds are payable at Seattle First National Bank, Seattle, Washington. Interest Principal Interest Fiscal Interest Due Due Due Year Rate August 15 February 15 February 15 Total 1997 5.50 $ 186,145 $ 655,000 $ 186,145 $ 1,027,290 1998 5.25 168,132 695,000 168,132 1,031,264 1999 3.90 149,889 730,000 149,889 1,029,778 2000 4.05 135,654 760,000 135,654 1,031,308 2001 4.20 120,264 790,000 120,264 1,030,528 2002 4.35 103,674 825,000 103,674 1,032,348 2003 4.40 85,730 860,000 85,730 1,031,460 2004 4.55 66,810 900,000 66,810 1,033,620 2005 4.75 46,335 940,000 46,335 1,032,670 2006 4.90 24,010 980,000 24,010 1,028,020 $ 1,086,643 $ 8,135,000 $ 1,086,643 $ 10,308,286 101 KODIAK ISLAND BOROUGH EXHIBIT J4 KODIAK, ALASKA GENERAL OBLIGATION BONDS, 1994 SERIES A RETIREMENT SCHEDULE 1994 Bond Issue This issue, dated November 15, 1993, was issued as registered bonds under a book entry system registered in the name of Cede & Company, as Nominee of The Depository Trust Company, New York, New York, the securities depository for the 1994 Bonds. This issue was marketed by John Nuveen & Co. Legal opinion was rendered by bond council, Wohlforth, Argetsinger, Johnson & Brecht of Anchorage, Alaska. These bonds were issued to build the Northstar Elementary School, remodel the Ouzinkie School, and remodel and expand the Kodiak Island Hospital. Bonds are payable at Seattle First National Bank, Seattle, Washington. 102 Interest Principal Interest Fiscal Interest Due Due Due Year Rate August 15 February 15 February 15 Total 1997 $ 272,355 - $ 272,355 $ 544,710 1998 272,355 - 272,355 544,710 1999 272,355 - 272,355 544,710 2000 272,355 - 272,355 544,710 2001 272,355 - 272,355 544,710 2002 272,355 - 272,355 544,710 2003 272,355 - 272,355 544,710 2004 272,355 - 272,355 544,710 2005 272,355 - 272,355 544,710 2006 272,355 - 272,355 544,710 2007 5.40 272,355 1,030,000 272,355 1,574,710 2008 5.40 244,545 1,085,000 244,545 1,574,090 2009 5.40 215,250 1,145,000 215,250 1,575,500 2010 5.40 184,335 1,205,000 184,335 1,573,670 2011 5.50 151,800 1,270,000 151,800 1,573,600 2012 5.50 116,875 1,340,000 116,875 1,573,750 2013 5.50 80,025 1,415,000 80,025 1,575,050 2014 5.50 41,112 1,495,000 41,112 1,577,224 $ 4,029,847 $ 9,985,000 $ 4,029,847 $ 18,044,694 102 KODIAK ISLAND BOROUGH EXHIBIT J -5 KODIAK, ALASKA ABESTOS REMOVAL LOAN PAYABLE RETIREMENT SCHEDULE This debt was incurred June 20, 1985 as part of a package from the U.S. Environmental Protection Agency. This package was for $750,000. One -half ($375,000) was a grant (EPA Grant J 851002 010), and the other half was a loan. The loan is repayable semi - annually in the amounts indicated below. Semi - annual payments are made directly to the U.S. Environmental Protection Agency; Financial Management Center; P.O. Box 371293M, Pittsburgh, PA 15251. This is not general obligation debt. Legal opinion was rendered by bond counsel, Wolforth, Argetsinger, Johnson & Brecht of Anchorage, Alaska. * No interest is payable until a payment due is in default; then interest, penalties and fees become due. 103 Principal Principal Fiscal Interest Due Due Interest Year Rate* December 31 June 30 Due* Total 1997 7.00 $ 10,417 $ 10,417 $ - $ 20,834 1998 7.00 10,417 10,417 - 20,834 1999 7.00 10,416 10,416 - 20,832 2000 7.00 10,417 10,417 - 20,834 2001 7.00 10,416 10,416 - 20,832 2002 7.00 10,417 10,417 - 20,834 2003 7.00 10,416 10,416 - 20,832 2004 7.00 10,417 10,417 - 20,834 2005 7.00 10,415 - - 10,415 $ 93,748 $ 83,333 $ - $ 177,081 * No interest is payable until a payment due is in default; then interest, penalties and fees become due. 103 1 1 1 1 1 U STATISTICAL SECTION Statistical Tables provide report users with a better historical perspective in assessing current financial status and trends of the Borough. I � t KODIAK ISLAND BOROUGH KODIAK, ALASKA GENERAL GOVERNMENTAL EXPENDITURES AND OTHER USES BY FUNCTION (a) LAST TEN FISCAL YEARS TABLE 1 Other Fiscal General Health and Operating Year Government Sanitation Education (b) Transfers Total 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 1992 2,739,848 706,251 3,027,510 500,000 6,973,609 1993 2,955,824 674,032 3,374,721 137,962 7,142,539 1994 2,555,349 690,430 3,615,695 322,228 7,183,702 1995 2,681,472 1,442,644 3,861,967 164,649 8,150,732 1996 2,941,453 1,390,307 4,678,830 267,594 9,278,184 (a) Includes general fund only. (b) Includes operating transfers for this function Source: Borough general ledger 105 KODIAK ISLAND BOROUGH TABLE 2 KODIAK, ALASKA GENERAL REVENUES BY SOURCE (a) LAST TEN FISCAL YEARS (a) Includes general fund only. Source: Borough general ledger 106 Licenses, Inter - Fiscal Permits Governmental Investment Operating Year Taxes and Fees Revenue Income Transfers Total 1987 $ 2,188,750 $ 237,481 $ 2,114,283 $ 451,518 $ 57,090 $ 5,049,122 1988 2,691,065 98,059 2,291,627 355,802 114,635 5,551,188 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 1992 4,067,934 212,936 2,450,339 367,551 81,670 7,180,430 1993 4,481,158 433,825 1,991,730 289,570 - 7,196,283 1994 4,674,382 457,895 2,053,750 291,046 - 7,477,073 1995 5,976,914 928,079 1,633,162 659,794 - 9,197,949 1996 6,121,200 285,100 1,969,043 452,196 - 8,827,539 (a) Includes general fund only. Source: Borough general ledger 106 KODIAK ISLAND BOROUGH TAB LE 3 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 Levy Collections Collected Collections Collections to Tax Levy Taxes Tax Levy 1987 $ 2,181,410 $ 2,176,543 99.8% $ 12,207 $ 2,188,750 100.3% $ 49,235 2.3% 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 99.8 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 99.8 28,640 1.4 1991 2,237,629 2,189,270 97.8 17,254 2,206,524 98.6 59,745 2.7 1992 3,736,674 3,654,535 97.8 22,178 3,676,713 98.4 92,290 2.5 1993 4,045,235 3,907,612 96.6 60,633 3,968,245 98.1 169,584 4.2 1994 4,353,371 4,176,676 95.9 21,295 4,197,971 96.4 193,624 4.4 1995 5,148,672 4,955,108 96.2 56,140 5,011,248 97.3 232,679 4.5 1996 5,471,834 5,249,401 95.9 56,531 5,089,332 93.0 289,210 5.3 Source: Borough general ledger 107 KODIAK ISLAND BOROUGH TABLE 4 KODIAK, ALASKA ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY L AST TEN FISCAL YEARS Source: Borough assessment and tax records 108 Ratio of Total Assessed to REAL PROPERTY PERSONAL PROPERTY TOTAL Total Fiscal Assessed Estimated Assessed Estimated Assessed Estimated Estimated Actual Year Value Actual Value Value Actual Value Value Actual Value Value 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 1992 467,821,217 497,758,275 91,537,867 331,544,400 559,359,084 829,302,675 67.45 1993 499,172,455 517,754,900 92,264,018 325,842,100 591,436,473 843,597,000 70.11 1994 515,954,650 539,053,753 98,616,145 319,052,138 614,570,795 858,105,891 71.62 1995 538,627,500 560,459,900 101,835,076 318,741,600 640,462,576 879,201,500 72.85 1996 549,456,964 565,281,400 104,677,687 312,465,100 654,134,651 877,746,500 74.52 Source: Borough assessment and tax records 108 KODIAK ISLAND BOROUGH KODIAK, ALASKA PROPERTY TAX RATES AND CONTRIBUTIONS TO THE SCHOOL DISTRICT (PER $100 OF ASSESSED VALUE) LAST TEN FISCAL YEARS TABLE 5 Woodland KIB City 428,764,585 Fiscal General of Acres Year Fund Kodiak Total 1987 4.51 2.00 6.51 1988 4.51 2.00 6.51 1989 4.50 2.00 6.50 1990 4.50 2.00 6.50 1991 4.50 2.00 6.50 1992 5.50 2.00 7.50 1993 5.50 2.00 7.50 1994 5.50 2.00 7.50 1995 6.75 2.00 8.75 1996 6.75 2.00 8.75 Woodland $ 404,859,425 1988 428,764,585 1989 423,038,700 1990 Acres ROAD SERVICES DISTRICTS FIRE DISTRICT Lighting Monashka Service Bayview Womans Service Womans District Bay District 1 Road Bay District 1 Bay 0.00 2.00 0.25 1.00 0.50 1.50 0.50 0.00 2.00 0.25 1.00 0.50 1.50 0.25 0.00 2.00 0.25 1.50 1.50 1.50 0.25 0.00 1.25 0.70 1.00 1.50 1.25 1.25 0.75 2.00 1.00 1.00 2.50 1.25 1.25 0.75 2.00 1.75 1.00 2.50 1.25 1.25 0.75 2.00 1.75 1.00 2.50 1.25 1.25 0.75 2.00 1.75 1.00 2.50 1.50 1.25 0.75 1.50 1.75 1.00 2.00 1.50 1.25 0.50 1.75 1.75 1.00 2.00 1.50 1.25 CONTRIBUTIONS TO THE SCHOOL DISTRICT Year Assessed 1987 $ 404,859,425 1988 428,764,585 1989 423,038,700 1990 452,016,912 1991 516,304,869 1992 559,359,084 1993 591,436,473 1994 614,510,795 1995 640,462,576 1996 654,134,651 Source: Borough ordinance and assessment Amount of Millage Contribution E uiq valen j $ 2,140,149 5.29 2,343,992 5.47 2,444,882 5.78 2,469,558 5.46 2,484,606 4.81 3,279,444 5.86 3,473,411 5.87 3,495,847 5.69 3,799,059 5.93 4,644,356 7.10 109 KODIAK ISLAND BOROUGH TABLE 6 KODIAK, ALASKA TEN LARGEST PROPERTY TAXPAYERS YEAR ENDED JUNE 30, 1996 Source: Borough tax records. 110 Percentage Percentage of Total 1995 Net of Total Assessed Assessed Taxes Taxes Value Valuation Levied Levied Tyson Seafoods 2.1 % $ 13,658,725 $ 104,668 1.9% International Seafoods 2.1 13,421,583 107,169 2.0 Western Alaska Fisheries 1.7 11,158,918 85,796 1.6 Ocean Beauty Seafood 1.6 10,673,761 83,306 1.5 Kodiak Fishmeal Co. 1.4 9,232,604 67,361 1.2 T.U. of the Northland 1.6 10,638,512 71,912 1.3 Sea -Land Services 1.4 9,148,189 76,260 1.4 Alaska Pacific Seafoods 1.5 9,993,513 75,736 1.4 Safeway/MBPA 1.2 8,165,107 67,918 1.2 Brechan 0.8 5,350,244 42,021 0.8 Totals 15.4 $ 101,441,156 $ 782,147 14.3 % Source: Borough tax records. 110 ' KODIAK ISLAND BOROUGH TABLE 7 KODIAK, ALASKA RATIO OF NET GENERAL BONDED DEBT (a) LAST TEN FISCAL YEARS Ratio Net of Net Bonded Less Debt Bonded Debt Debt Fiscal Assessed Gross Service Net Bonded to Assessed Per Year Population Value Bonded Debt Fund Debt Value Capita ' 1987 13,952 $ 404,859,425 $ 25,925,000 $ 7,279,292 $ 18,645,708 4.6 $ 1,336 1988 14,127 428,764,585 22,160,000 7,111,644 15 048 356 3.5 1,065 ' 1989 15,575 436,800,264 17,550,000 5,310,721 12,239,279 2.8 786 1990 (b) 15,558 452,016,912 15,310,000 6,683,745 8,626,255 1.9 554 1991 15,679 516,304,869 13,735,000 7,307,730 6 427 270 1.2 410 ' 1992 15,535 559,359,084 12,195,000 6,556,480 5,638,520 1.0 363 1993 15,535 591,436,473 10,470,000 5,847,171 4,622,829 0.8 298 ' 1994 15,245 614,570,795 27,915,000 4,133,559 23,781,441 3.9 1,560 1995 15,575 640,462,576 25,665,000 2,075,768 23,589,232 3.7 1,515 1996 15,400 (`' 654,134,651 23,205,000 1,750,067 21,454,933 3.3 1,393 Sources: (a) Information obtained from assessment records and Borough general ledger except as otherwise noted. (b) 1990 population is per U.S. Bureau of Census (preliminary); others are estimates from the Borough Community Development Department based on the "Housing Unit Method." (c) Information obtained from State of Alaska, Department of Community and Regional Affairs, ' Certified Population for Revenue Sharing Program. 111 KODIAK ISLAND BOROUGH KODIAK, ALASKA COMPUTATION OF DIRECT AND OVERLAPPING DEBT AS OF JUNE 30, 1996 TABLE 8 Net Debt Outstanding (a) Kodiak Island Borough: General obligation bonds $ 21,454,933 Percentage Applicable to this Governmental Unit (b) 100% Kodiak Island Borough Share of Debt (c) $ 21,454,937 City of Kodiak: General obligation bonds Revenue bonds Total 5,430,000 $ 26,884,933 100% 5,430,000 $ 26,884,937 (a) Gross debt outstanding less applicable amounts in the Debt Service Funds. (b) Determined by ratio of assessed valuation of property subject to taxation in overlapping unit to valuation of property subject to taxation in reporting unit. (c) Under Alaska Statutes Title 29, there is no limitation on municipal debt. Sources: Borough general ledger and City of Kodiak records. 112 KODIAK ISLAND BOROUGH TABLE 9 KODIAK, ALASKA COMPUTATION OF LEGAL DEBT MARGIN AS OF JUNE 30, 1996 Assessed value Plus exempt property Total $ 654,134,651 2,404,872,414 $ 3,059,007,065 The State of Alaska does not mandate a debt limit to its municipalities and political subdivisions. Debt capacity is ultimately determined by the voters and the marketplace. Source: Borough assessment records. 113 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 TABLE 10 (a) Serial maturities in the case of serial bonds; annual Debt Service Fund requirements in the case of term bonds. Source: Borough general ledger and debt documents 114 Total Ratio of General Debt Service Fiscal Interest Total Debt Expenditures to General Year Principal (a) and Fees Service and Transfers Expenditures 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 1992 1,685,833 1,008,918 2,694,751 6,973,603 38.6 1993 1,745,833 736,357 2,482,190 7,142,539 34.8 1994 1,775,833 690,170 2,466,003 7,162,545 34.4 1995 2,270,833 1,760,185 4,031,018 8,150,732 49.5 1996 2,480,833 1,370,170 3,851,003 9,278,782 41.5 (a) Serial maturities in the case of serial bonds; annual Debt Service Fund requirements in the case of term bonds. Source: Borough general ledger and debt documents 114 KODIAK ISLAND BOROUGH KODIAK, ALASKA DEMOGRAPHIC STATISTICS LAST TEN FISCAL YEARS TABLE 11 Fiscal School Unemployment Year Population (a) Enrollment (b) Rate (c) 1987 13,952 2,329 7.4% 1988 14,127 2,531 6.2 1989 15,575 2,304 6.2 1990 15,558 2,328 5.6 1991 15,679 2,398 8.2 1992 15,535 2,614 5.1 1993 15,535 2,632 6.0 1994 15,245 2,802 9.4 1995 15,575 2,773 11.2 1996 15,400 2,804 13.7 Sources: (a) 1990 per U.S. Bureau of Census; other years per Borough Community Development Department, except 1992 and 1993.1996 data per State of Alaska, DCRA certified population. (b) Kodiak Island Borough School District. (c) Department of Labor, Anchorage. 115 KODIAK ISLAND BOROUGH TABLE 12 KODIAK, ALASKA SALARIES AND SURETY BONDS OF PRINCIPAL OFFICIALS YEAR ENDED JUNE 30, 1996 Amount of Annual Surety Name of Official Title Salary Bond (1) Jerome Selby See page vi of introductory section Contracted Karleton Short Earl Smith Perry Page Donna Smith Linda Freed Vivian Brumbaugh Patrick Carlson Martin White Steve Hobgood Cheryl Bolger Kelli Veech Mayor Assembly members Attorney Finance Director /Treasurer Fire Chief, Service Area One Data Processing Manager Borough Clerk Community Development Director Cashier Assessor/ Appraiser Director of Mental Health Facilities Coordinator General Accountant Revenue Accountant $ 76,366 (2) 2,400 (2) 81,515 77,588 75,695 60,611 87,783 32,693 72,047 73,849 70,290 54,910 52,265 $ 1,000,000 50,000 (1) The Kodiak Island Borough Assembly elected by ordinance in 1984 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. 116 KODIAK ISLAND BOROUGH TABLE 13 KODIAK, ALASKA PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS LAST TEN FISCAL YEARS CONSTRUCTION Residential Deposits PROPERTY VALUE* No. of Commercial Fiscal No. of Year Permits Value 1987 35 $ 4,256,169 1988 42 549,382 1989 22 1,174,346 1990 18 1,709,715 1991 69 3,692,371 1992 48 3,748,125 1993 55 3,359,264 1994 45 2,947,984 1995 59 6,055,321 1996 41 3,862,599 Residential Deposits PROPERTY VALUE* No. of in Local Permits Value Banks Commercial Residential Nontaxable 134 $ 5,313,110 $ 70,402,810 $ 114,409,875 $ 252,950,321 $ 1,134,524,305 91 4,314,003 72,068,409 123,053,031 255,417,891 1,159,131,464 131 6,421,773 93,830,000 128,202,254 266,409,021 1,177,364,559 104 8,109,662 90,221,433 115,477,806 314,539,889 1,993,871,408 152 5,706,524 90,392,243 130,469,150 323,060,260 2,002,661,025 163 9,201,613 103,679,201 134,637,371 333,203,846 2,027,200,278 143 6,218,434 94,838,546 148,714,050 350,458,405 2,271,468,957 146 5,037,061 98,970,444 148,156,300 367,798,350 2,354,550,201 159 4,305,352 103,838,289 155,755,000 382,872,500 2,404,513,974 160 7,864,907 108,116,331 157,911,064 391,545,900 2,404,872,414 *Estimated actual value of real property. Source: Borough assessing records, City of Kodiak building department and local bankers. 117 KODIAK ISLAND BOROUGH TABLE 14 KODIAK, ALASKA MISCELLANEOUS STATISTICAL DATA LAST TEN FISCAL YEARS Date of incorporation - September 30, 1 963, Second Class Borough by Chapter 146 Sessions, Laws of Alaska 1 961, as amended, Form of Government - Mayor/ Assembly. Number of fire stations 2 2 2 2 2 2 2 2 2 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 Land area - square miles 4,900 4,900 7130 (a) 7,130 7,130 7,130 7,130 7,130 7,130 7,130 Miles of improved street 20.3 21.5 21.5 21.5 21.5 21.5 21.5 21.6 21.6 21.6 (d) Miles of sanitary sewers 15.5 16.0 16.0 16.0 16.0 16.0 16.7 16.8 17 17 (d) Number of water taps 659 707 748 748 748 873 877 913 921 921 (d) Number of sanitary sewer taps 619 666 727 727 727 851 858 891 899 899 Building permits: Number of swimming pools 00 1 1 1 I 1 I I I I Permits issued 169 133 153 122 221 211 183 96 218 201 Value of buildings (thousands) S 9,570.0 $ 4,863.4 S 7,596.1 S 9,819.3 S 9,398.9 S 12,950.0 S 9,577.7 S 4,740.0 S 10,360.0 $ 11,727.5 Fire protection: Number of fire stations 2 2 2 2 2 2 2 2 2 2 Number of employees I I 1 1 1 I I 1 1 I Police protection - none Recreation: Parks - number of acres 222 223 223 223 223 223 223 223 223 224 Facilities: ►-� Number of playgrounds 15 15 15 is 15 is 15 15 15 16 Number of swimming pools 00 1 1 1 I 1 I I I I I Education: Number of schools: City of Kodiak Elementary 3 3 3 3 3 3 3 3 3 4 City of Kodiak Junior High I I 1 1 I I 1 I 1 I City of Kodiak High School 1 I I I 1 1 I I I I Village Schools (b) 7 7 8 8 9 9 9 9 9 9 Number of support personnel (c) 152 167 172 165 175 166 171 180 180 104 (e) Number of teachers 148 169 167 167 167 164 172 191 195 199 Number of students 2,329 2,351 2,304 2,328 2,398 2,614 2,632 2,802 2,773 2,804 Number of municipal employees 53 57 66 70 75 72 67 64 65 63 Elections: Number of registered voters 6,559 5,427 6,150 6,352 6,707 6,263 6,654 7,061 7,382 8,217 (f) Number voting in last election 2,094 2,507 1,459 2,327 1,959 1,986 2,328 2,634 2,113 1,471 Percent ofregistered voters 31.9% 46.2% 23.7% 37.0% 29.0% 31.8 35.0% 37.0% 29.0% 29.0% (a) By annexation, effective March 4, 1989 the Borough has grown an additional 12,830 square miles. (d) As of July 1, 1996 the City of Kodiak assumed ownership, maintenance, and operation of the existing Total Borough is now 22,395 square miles with a land mass of 7,130 square miles (see map on page ix.) water and sewer utilities in Service District (b) The majority of Village Schools are grades K -12. (e) In FY 96 this was changed to full time equivalents. (c) All non - teaching employees. (f) This number is higher. (See statistical data on previous page). Source: Borough records.