HomeMy WebLinkAbout2005-2006.AuditReportCITY OF CAPE GIRARUEAU. MISSOURI
Cape Girardcau, Missouri
For the Tcar Ended June 30, 2006
.ANNUAL FINANCIAL REPORT
BEUSSINK, HEY, ROE,
SEABAUGH & STRODER, L.L.C.
Certified Public Accountants
CITY OF CAPE GIRARDEAU. MISSOURI
I ARFE-OF CONTENTS
FINANCIAL SFCI-ION
Pave No.
INDEPENDENT AUDI FORS' REPORT
1-2
REQUIRED SUPPLEMEN" FARM INFORMATION
MANAGI MENF'S DISCUSSION AND ANALYSIS
3-I6
BASIC FINANCIAL STATEMENTS
GOVERNMENT -WIDE FINANCIAL STATEMENTS
STATEMEN'l OF NET ASSETS
17-1 N
..
STATEMENT OP AC"FIVFIIES
19-20
FUND FINANCIAL STATEMENTS
GOVL'RNME.NTAL. FUNDS FINANCIAL S I A I FMENIS
BALANCE SHELF
21-22
12ECONC'ILIAT ION OF`FI HE BALANC'F SHEF IOF GOV FRN'M ENTAL
FUNDS -I'O II IF S'I ATIiMYN I OF NEF ASSF ES
23
STA"I 1A TINT OF REVENUES, Ek PENDFCU RES, AND CHANGES
1N FUND BALANCI S
)a
Ri ( O\( 11 I'ION OF THE STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
10 THE SI A"FEMF.N"F OF ACTIVITIES
2>
PROPRIE TORY FUNDS FINANCIAL SI A I FMFN I S
STATEMEN"1 01 N L I ASSE IS
2(,-,-"
SAl f VENT OF REVL'NIIF S. EXPENSES. AND CHANGES IN
FUND NET ASSETS
28
S IAIF:VILNI OF CASH FLOWS
FIDIC'IARI FUNDSI-INANCIAL STATFMLNTS
SI AII(V 1,AI OF NET ASSIFFS
31
NOI FS TO BASIC FINANC'IAI. S"I A"I LMENTS
32-6B
REQUIRED S UPPLEMEN I A L INFORM -CATION
..
STAT EMENT OF REVENUES, EXPENDITURES, AND
CIIANGES IN FUND BALANCES -BUDGET AND
AC[ L AL- GENERAL
69
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND RAI.ANCES BUDGE "I AND
ACTUAL -AIRPORT
70
S I Al FMEN"I OF REVENUES, EXPENDLIURIS. AND
CIIANGES IN FUND BALANCES BUDGET AND
ACTUAL PARK&RECREATION
7l
STA'I I;NIFN'IOF RFVLNUIS, EXPENDITURES, AND
CHANGES IN FUND BALANCES BUDGE I' AND
ACTUAL "IRANSPORTA"TION SALES TAX
TRUST FUND II
72
SI A FNIFN 1 OF RFVENUF:S, EXPENDII ORES, AND
CHANGES IN FUND BALANCES BUDGF'I AND
ACII AL-PUBLICSAM Y IRUS'TFUND
73
NOTRS 70 BCIDGETARY COMPARISON SCHIA)ULES
74-77
SCHE:DIILF.OE FUNDING PROGRESS
78
SUPPLEMENNIAL INFORMATION
STA"I ENif'NT OI° RGVG'.NIILS, LXPENDITURLS_ AND
C'HAN'GES IN FUND RALAN( ES - BUDGFF AND
ACIUAL FLOOD PROTECTION
79
STATEAIFNT OF REVENtTS, LXPIINDI TURES, AND
('HANGES IN FUND BALANCES BUDGET AND
ACI I'AL VISION 2000
30
STATEN EN"I OF RIiV L'NUL'S, I'XPFNDITURES, AND
CHANGES M FUND BALANCES BUDGET ANI)
A(`IIAI. ('ON% FN T ION AND TOURISM
BI
SIA I li,At L'N I OF REVENI'IIS. IIXPENDI I - RES, AND
CHANGES IN FUND RALANCIS Bt Mil- I' AND
ACTUAL DOWN IOvv°N BUSINESS DISTRICT
2
STATEMENE OF REVLNULS, EXPENDITURES. AND
. CHANGES IN FUND 13AIAN( IS BUDGET AND
ACIUAL IIEALTII 8i
SCA"IENIENI-OF REVENUES. EXPENDTTURI_S, AIND
CIIANGES IN FUND BALANCES—BUDGES AND
ACTUAL MOTOR FUEL TAX 84
STA] EMENE OF REVENUES, EXPENDITURES. AND
CIIANGES IN FUND BALANCES —BUDGET AND
ACIUAL CAPIFALIMPROVF..MRN"I'SAI .I'S TAX
FLOODCONTROL 85
-� STA"IEMEN I OF REVENUES. EXPENDITURES, AND
CHANGES IN FUND BALANCES BUIX&IT AND
ACTUAL— CAPI"SAL IMPROVEMLINF SALES TAX
WATER SYSTEM 1MPROVEMF.NIS 86
STAT IiM[IN E OF RV ENURS, RXPEN A I URES, AND
CHANGES IN I UND BALANCES BUDGET AND
A( I L AL TRANSPORT A I ION SALES TAX
TRUST FUND 87
STATFMF.N I OIREV ENUFS. EXPENDIT FIRES, AND
Cl IANGLS IN FUND BALANCES BIJDGICI' AND
ACTUAL C API TAI. IMPRUVEMENI SALESI'AX
SEWER SYSTEM IMPRMI MEN IS fib
STAT EMEN'I OI REVENUES, EXPENDITURES. AND
CHANGES IN FUND BALANCE BLIDGEI' AND
MI UAL — FIRE SALES 'IAX FUND
89
STA I FIEN1 OP REVENUES. FXPENDI TUR ES. AND
CIIANGES IN FUND BALANCE BUDGET AND
ACTITAL I RANSPORI A ION SALES TAX
TRUST FUND IF
90
S IA'ILNILNT OF REA ENUES, EXPENDI I t RFS. AND
CIIANGIIS IN FUND BALANCES BUDGET AND
ACTUAL DLBTSLRVICG
91
SleATE;�IENT OF RIIVLNGES, LXPENDITGRL`S, ANU
CIIANGES IN I LIND BALANCI-:S BUDGET AND
ACIUAL— GENERAL CAPITAL I%1PROVRiAIENI S
92
STATEMENT OP RL%ENIJES. EXPI[NDI I URFS, AND
CIIANGES IN FI. ND HALANCES BUDGET AND
A( IIIAI. STREETIMPROVI[MINIS 9;
STATEMENT OF REVENUES, EXPENDII URES. AND
CHANGES IN FUND BAI.ANC'FS - BUDGF'f AND
ACIUAL PARK IMPROVEMENTS
94
..
STA IEMFNI OF REVENUES, EXPLNDII ORES, AND
CI-IANGES IN FUND BALANCES BUDGET AND
ACTUAL - FAO GRAN I PROIEC1S
95
S'IATEMENIOF REVENUES, EXPENDITURES. AND
CHANGES IN FUND BALANCES BUDGFI AND
ACIUAL C'OMMUN]'IYDF:VELOPMFN'I B LOCK
GRANTPROJECTS
96
STATEMENT OF REVENUES, FXPFNDITURFS, AND
Cl IANGES IN FUND BALANCES -BUDGE I AND
ACIUAL CORP FLOOD CONTROL PRO.ILCTS
97
STATEMENT OF REVENUES, EXPLNDIIORES, AND
CIIANGFS IN FUND BALANCES-BUDGETAND
..
ACHIM, SEWER
93
STA"FEMENI OF REVU
ENES, EXPENDII ORES, AND
C'EIANGES IN FUND BALANCES BUDGED AND
ACTUAI. WRIER
99
STATL'MI'.Nl OP RE.V HNUF:S, I�_k PI.NUITUKI'S, ANU
CIIANGLS IN PUND BALANCLS BUDGET AND
AC"IUA. SOLIDWASTE
IOU
OF REVENES, XPLNUII T IRE'S. AND
SI AI'I `.MLN I UL
Cl IANGES IN FUND BALANCES - BUDGEI AND
ACTUAL GOLF C'OURSF
IOI
STAT IiMF:NT OF RI.A17NUFS, EXPI-NDII URItS. AVD
CHANGES IN PUND BALANCES BUDGFT AND
ACTUAL SOFTBALL COMPLEX
102
STAT EMFNT OF RI.A`FNUES. LXPENDI CURES, AND
CHANGES IN FUND BALANCPS-HUD(if i AND
ACTUAL MANAGEMENT INPORNIA I ION SYSTEMS
103
S I AI'ILA1I[NI OE RIAI[NUFS. FXPENDICIRES, AND
CII ANCES IN FUND BALANCES Bf DGLT AND
ACTT' AL FI FLT MANAGI[iMI:A1
104
STATFNIENT OP RFVENf1FS, I:XPI:NIDI II ORFS. AND
CHANGES IN FUND BALANCES-BUDGI 1 AND
ACTUAI_ FRI\GF BFNFFII.S
Ilii
S"FAFENIEN I OF REVENUES, EXPENDIIURCS, AND
,. CHANGES INHUND BAI_ANC'ES - BUDGET' AND
ACTUAL RISK MANAGEMENT 106
SFA "CFA[ IFN T OF REVENUES. FXPFNDI I URNS, AND
CHANGES IN FUND BALANCES BUDGET AND
ACTUAL—EQUIPI,lENI REPLACENIENT 107
ANNUAL FEDERAL FINANCIAL COMPLIANCE SECTION
REPORT ON COMPLIANCE WITH RFQUIRE,MEN'IS APPLICABLE
TO EACI7 MAJOR PROGRAM AND INTERNAL CONTROL OVER
COMPLIANCE IN ACC'ORDANC'E W1 I IT OMB CIRCULAR A-133 108-109
REPORT ON IN CONTROL OVER FINANCIAL REPORTING
AND ON C'ONIPI.IANC'F. AND OTHER MATTERS RASED ON AN
AUDIT OF FINANCIAL S'[A'IEMENI'S PEIRFORNIED IN ACCORDANCE
W I"C I I GO IT RNMENT d UI)177M; STANI ).ARD.1110-111
SCHEDULEOF EXPENDIIURES OF FEDERAL AWARDS 113-114
No F17S I0 SC11FDULJi OF F:XPENDIIURES 0171 EDERAL AWARDS Hs
SCHEDULE OF FINDINCIS AND QUFSTIONFD COSTS 116-119
SUMMARY SCI IFDULI:OF PRIOR AUDIT FINDINGS 120
BEUSSINK, HEY, ROE, SEABAUGH & STRODER, L.L.C.
Certified Public Accountants
16 So. Silver Springs Road
4018 Sycamore 105[3755
Cairn, Illinois 62914 Cape Girardeau, Missouri 63703 Jackson, Missouri 63755
Telephone (618) 734-3300 Telephone (573) 334-7971 Telephone (573) 243-3991
_
Facsimile (618) 734-3303 Facsimile (573) 334-8875 Facsimile (573) 743-3186
INDEPENDENT ACDITORS' REPORT
Honorable Mavor and Members of the Cit_v Council
City of Cape Girardeau, Missouri
We have audited the accompanying financial statements of the governmental activities, the
business -type activities, tach major fund, and the aggregate remaining fund information of the
City of Cape Girardeau, Vissourt (the City), as of and Cor the year ended .lune 30, 2006, which
collecticcly comprise the City's basic financial statements as listed in the table of contents.
'I hese financial stetuncnls are the responsibility of the City's management. Our responsibility is
to express opinions on these financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in the United
States of America and the standards applicable to financial audits contained in Govcinmcot
,laditino Standards, issued by the Comptroller General of the United States. Those standards
I equire that we plan and perform the audit to obtain ieasonahle assurance about eahethei the
financial statements arc Gec of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the Financial statements- An audit also
includes assessing the accounting principles used and significant estimates made by
manaecment, as well as ccaluating the overall financial statement presentation. We believe that
our audit protides a reasonable basis for our opinions.
_ In oar opinion. the financial statements refen-ed to above present fairly, in all material respects,
the respective Guancial position of the governmental actnities, the business-Iype activities. each
major fund, and the aggregate remainine fund infomuation of the City of Cape Girardeau,
Missouri as of ,lune 30, ?006, and the respective changes in financial position and. where
applicable, cash floats thereof for the year then ended in conformity with accounting principles
eeneialh accepted in the Gaited States of America.
In accordance ssith Gorermnenl ,I«d&III, SILL ndoI d,C- Pe bare also issued our report dated
October'_6, 2006, on our consideration of -the Co's internal control over financial repotting and
on our tests of its compliance Stith certain provisions of Imts, regulations, contracts, and -,rant
a TICcIn ell ls and other maucis. The pwposc of that report Is to describe the scope of our testine
of intcmal control over financial reporting and compliance and the results of that testin«- and not
to protide an opinion on thr intcmal control ON financial reporting or on compliance. That
report is an integral part of an audit perforated in accordance with Government :Iurlrurn�
Slandmzls and should be considered in assessin, the resells of our audit.
I
The manaeentent's discussion and analysis and budgetary comparison information on pages 3
through 16 and 09 through 77 are not a required pan of the basic financial statements but are
supplementary infomtation required by accounting principles generally accepted in the United
States of America. We have applied certain limited procedures, which consisted principally of
inquiries of management regarding the methods of measurement and presentation of the required
supplementary information. However, we did not audit the information and express no opinion
on it.
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the Citv of Cape Girardeau's basic financial statements. The combining
and individual nonmajor fund financial statements are presented for purposes of additional
analysis and are not a required part of the basic financial statements. The accompanying
Schedule of Expenditures of Federal Awards is presented for purposes of additional analysis as
required by U.S. Office of Management and Budget Circular A-133, Audis o/'Stnles, Local
Governments, and Non-Profrt Orgoni_at ons, and is also not a required part of the basic financial
statements of the City of Cape Girardeau, Missouri. The combining and individual nomnajor
fund financial statements and the schedule of expenditures of federal awards have been subjected
to the auditing nrocedures applied in the audit of the basic financial statements and, in our
opinion, are fairly stated in all material respects in relation to the basic financial statements taken
as a whole.
BEUSSWK. FITY. ROL, SCABAUGH dk STRcO—DER, L.L.C.
�i 12,0-Q sz�d- dpt2 C . L. C.
Cape Girardeau, Missouri
October 26, 2006
RIIQUIRCD SUPPLF.M RNTARY 1NPORMAT ION
C1 FY Or CAPE GIRARDEAU. MISSO URI
Management's Discussion and Analcsis
the I..vxeiuo and anal ys is of the l its of('ape
illrardeau s finatc,al prof...mane, prncides an
overall revtess- of the Cils s financial acr, ines
for the fiscal scar ended lune 30, 2006. 'fhe
intent or this discussion and analysis is m Iaok It
We City's financial pedonlance as a whole.
Readers should also Ie4t2m the basic finmteial
stole..lents and related voles to those statements
toenhance their toderemnd,ne of the C its S
financial],,I re'arrce
I oranc,al Ilighhuhts
I "rhe assets ill the Oily ol'('site (lirardeal
excenled its liabilities it (he close of the most
recant fiscal year by $125-787,962 (net
assets). Ofthte amount, 536298,972
(..nrestrleted net assets) limy be toed to meet
the ('ii)%s ongomg obligattone 10 Citizens and
crcditnrd.
I) As or the close of the -nano( fiscal scat, the
(-Itl of(ape G,mrd e,u s governnrenml funds
"I'mied combined ending fund balances at
$;2,180,941 Approz,nm rely 6X percent of
this anal amount, $21,776.901 3 availahlc f r
y,r, inp. it the goo ctnmcnt', d""el ion
pmrescrcal Itmd halmtcr)_
o
At the end of the currcut f fiscal scar,
unreserved fund baluncc for the general fund
,as 564 L 174 or 2.7 percent (,I total senem I
fund expcudiWres and Iransf7s_ bund
balance tesened for unergencics iia the
general raid was 53A 14,456 or la 3 peronl
of total geucrul rood cspandirt,"arid
t ranstel s.
II The ('u)of ('ape tlirardeau -s (wal lone lei ll
debt dacmascd by 5,]0' 467 (4 1 pc¢cmtI
duan" the 111 em fiscal sear. I)uI ag the
veal 5 1 160,000 of wacr revenue bands sv,,c
anal at par Icing prorcadv from 1111 1list
�,ac bonds nnalinn s-,'76.1 11_
vVddt Gonall, till IIt, I rclved $21ID0,000
VanI d nolo svnh Bank of Ali, is, dr, fou the
aca:_ The I ome,nie, shun", in Ion..-tensdchl
mulhed Iionl It-Idurlc scheduled pdemens.
Oscrvicn of the I',nwmial tia cmcnls
I -his dist..:: lit and alals sis is intended to scree
as an lotmduclloo to the ('hoof C'apc
Gimrd,rra , basic fiwI.ciul It, to'Ile its
'IIle Cit of Cape Giraccaus basic financial
s(alemmnts comprise three components: 1)
go v ctnmcnt-wide financial s(a tenienls, 2) fund
linanctal statenaenls, and 3) notes to the financial
sticowits. I ll erepotl also conlntns other
,applanenmry tnlormatioo in addition to the
basic lioanciA statemenls themselves_
Arrvernmenl-wide financial slatentents.
Thep ,,00uuTa-wide finandal Arwoncols are
designed to provide readers with a hroad
oveniecv of the City of Cape Gttaivieau's
finances. in a mart,, similar to o private -sector
hastnces_
Ga Nul.... st or ns (,,,ce presents intim..al tau
on all the ('ily-s assets and liabilities, with the
dil&Icuu1 bch�<en tltc Imo reported as vat
assets. Over line, incrcas,s or decreases in vel
assets stay sere as a usdol indicator or whether
the fmanc,al position alto, City is iugsmving it
dcterioratmaa
'I he sm[cmanofactivilfes po sc..le information
showing ham the ('try e vel assets chauped
d ... ne the most neem fiscal year All chunps
io the act..sets me reported as soon as the
....deriving event giving rise to (he clmncc
ocaus- regardless oflhe Boring ot'the related
cash Ilosys- Thus revcu..cs and cyseusev me
rcpoited in the sta(emsut for seine items Ilial sc111
only Iesull in cash Ilosys in Ill n..c fiscal pmlods
(cg.. uncollected taxes and curved but unused
vacation leave).
It0th of the "avcmmenl-nid, fioanc,al
smtemtene distinguish functions ill the (`,Ivof
Cape (iimrdcau that... pr,nctpullp supported be
taxes ;rod inleteocermnenval l ev e..ucs
I eov emineotal actio itics) lions mhcr liumltans
that are ,..tended to rows.. all or a etgnifil-aw
portion of theft vsls Ihro.."h ..ser lees mid
chom_cp(hustness -spcall' 1(111) he
goc ermsnlal act, Yit fes of (he Cit} of Cape
(pitadator include adnunis..al, c len i¢s.
de celopmental sen ices. parks and recreation,
public ssatcty. and public maks. Thu btsite -
foC tells ]ties Ottile r fry include scsvcr. ssea .
CITY OF CAPE: GIRARDRAU, MISSOURI
11ud 10Iid Icuste ulihlies a11d calf eau tae and
mllhoII conlplce opcmllon,v.'Fill gocelnucot-
IS ide ItnenlioI It" III nal' can he Gond )n pawl
17 Io ]II of Ihia rcporl.
fund Iinancial vlalrnu•u Le. A Imid is it
µ;)11p.11. ul ¢lalcd daco11nb Ihat is uscd lo
ma i)uI in to n tral Il I r1. c' Ihm huvc been
IIiiI all d I o r sped l i e ac Ge i l i es o r obj letIv,1.
the Gly of Cap, Gttanl,au, lilac other stall and
local eocmmmuts, uses I'uud uccoantlne to
ensure Slid demolatrate tonlplLnlee allh
finance-rellred legal Allofthe
fund, of Ihu CSIS um be lidded int) Ihrrc
cutcgoris- g)clnmm11ml funda, propriclary
funds, and GIIIICILIIIfunds.
Gov,II a 111 a 1111121111111. Go cn u l u cu l Sit films Jc
uscd III a,coanl for Isle nl i a l lc the sante
IiinclioII r11 or I u u g 11-1111111111 r I I I S IIi us in
0 1 L c n lnmut-hide fnan11LII I a t e mmI I l s.
I Iumcl cI uulII<c the IOI,I II I I III I I-Iddc Il llll l l ll ill
aluluuun_g) I I II I , , I 111111 fi I'll
sCauneuly locus o"1 uc1'-Icon in lluas and
1111 thine' 1)f'pa11IIabll resuu'111, ax bell S1 un
bWou is of sp al doh lc rlsuurcti ueui ahlI at III,
end of the It, a year. Such iu li.mwl lou 11111 he
11'11111 In 0Yg1ual111e II LLo l c ru I I I c Il l 11,lir-IIIu1
IiuM11ciIIg req a ire n l co l'.
Bermisc the focus ol'the So c ern11lculld fimds Is
)a.nnccr Ihdn Ihn" )Illie uoc crnnlcnt-Iddc
11ne)cbal sanclnenls, it IS u,mful m compare the
1111.1111111111 presented fhr eoFCOmlental tunds
kith Fimilar oiormaliou prewolcd for
soli unntenml activities in the goc crdlllenl-Iddc
financial steternenls. By dolue 10, readers "nuc
['eller nndersmud the lung -1161 impdcl of till
goccnu11enfl ncur lam I1u11."ting Ju,i'Inu'.
Both the gocunntental Il"ud bulunce sheet 11nd
till SO' e111111"ua0 fund 11,1111111111 of re c enue,a,
cysnditures, did Chang, iu li"nd h11luncca
prua id' I1 IIt oucillauo11 Ili timllortle Ihl'
coul'i'll m hcumrn eLL1111111111Cd Roll, tied
cclumcnlul :min ilics
1111 ('III ufC.Ipe (I 11,I II II1 Ll 111 ai n b I i III ''
in11icidoal eI I I II 1 11 1 ,1111:11 funds- Il lion an ion i.
I I11u1eLl "I'LL I I'll I I the, t 11 IIIJl 11111,1
halin.e shed Sod Irl the Sol crunitl11tII funII
et;tl11111c11I of ..acmes. expendilates. anII d11mel1
hI 1111111 LI11,111L L e Ibr the Ir aLporl. 111 1
:rod rnrcnl i. Iren'porrni)u I1111 II -Mid puhIll
,IIIA truIl. IL hide urc umcida'ed. or hnce been
dc11c1u11ad 1) he ornlar fund' of the ('itc. Umil
from the other g. Itl oluntal luu11l 111 combined
into M fu d t r $mcd
11,111,11aholl.
-Ihe Cilc of Cape Gi 1111d1 1u Ll I IN uui u.d
appnlprtvtnl hudgola IIr all I,o gix ern l acn Cd
M)J s, 1-¢ Ird iig I I I Ica"e.e sI cm i t npmecma l is
ca I, , plljM fund, Mich h11a a pI,) II length
b11( c Iludgctap an n pu rI'on'an cmc 1111 hSoc
II1n pnreIIIII1 1-111 111 1 111j Sir goc e. Ill e I I ILII ILL 11111C
as part I III' Iinancial SIL 1/11111111 to 1111111 n s tl'LI I
cooll li it ti I llh Ulla budget. Rudgc"ap
cotoparisou '4lle1uu11s lulthe rc"n11iniuu
go, 1oll"IlLd fu)dv art p.lsuntal as
supplc11tcn Wl inlillnwtiun.
The basic c ove roollital fund fIIIMIClal
statements can be found on pages 2 to 2q of Ills
1 I I
Prop pi (,o3 lL"I'k I I, ('itp It k 1p, Glrunlrnl
tui11tuim I 11 "1' ofpl 11", - Iu , Gnuls.
I:moglluc fimds art uscd m rcporl the some
functions plcicn(cd as basin ss-Iypc adicitles io
thI g)ccrnIIIIIII "ldl li)Imciul sl lloncnls_ I he
City used emerprise Iilnds hr occounl Iry its
"Iccc, II-.ncr, Mill Solid Ica'¢ uIIII(Ics anII IIs golf
cauru and so lball complex operations- Inl"ord
111 cfac fimds arc Sin M"oolling11" Ice uacd to
1111111111 Site 111111 ollucall rusts iulemolly alao11g
thu ('Itv-s carious 1"n1u)11s. TIll (Ill llll>
111cr)dl I'll ice funds to acun1111 I'll uparWinn ..f
IG nlun11aclnoal llfa111lW1011 9ylllolS, 11111
"nunagaucnh 1111-i)'u¢d cmpl)yuc hcncli1111nd
u udancn'.e culupclual iou pmgrtnu. and it,
internal cyuip11uvl 1111,x111. prtlglanl_
1'm1)1 CliIy Binds Ill L% the S;.11m l}pe of
iufomwtion SS Ihu gocennurnl-v,ide hnondSI
slalcmcu Ls, only LI more ddail. The prop.:,(an
fan11 tlnaucial stoteulon(x pale: do III), Ile
ollornlalion li, Ih1 seilel', oalell and Solid ,amc
ILliilics and nolf course Mud suliboll complex
operation,. All (if these ore considered, or ['ace
hec11 do ienuteJ to he Inuior fund,v of the ('hr.
The lute.nul 1,r,ice funds arr combined Iwo a
single prescntollon in the propnotan
ILnII Ilnanciul 1unclncnls.
Ilie ho, propnctun fund ImallS al statelueull
can he fo:md ou pales'6 to 30 of Ihu I,poo t
Bndcllal ontparuoo'tatea¢iils ILI all the
1 pnctary IL t1. -Ira pl,c II's at I,plcntenIII
iulhnnSili)n.
Vote: Io Ih 1-111,ILLILI1 Slat 11.111. the loll'
tood11l adthtlonal mf)Iutall n 11111 IS 1-111Gz1 m
I full un11e15taudiup of the data plocidcII n Iac
e)
cern mens -
wide mtd fund linmmial aulan1c1111_
the nobs to the fmnnclnl sur R-In1nU can Ire
frond 61.:1111, 1,- 1'uf this rcporl.
CITY OF CAPE GIRARDFAU, MISSOURI
Go, eti o ant -wide Financial Analysis
As noted earner, net assets way scree occr tinm
as a tucful indicator of a govemmenls huanci,I
position. In the case of the Cm of Cape
t li,aldmu, assets exceeded liabiltues b,
121,,'8 ',962, alliuctease of$13,iW,104
I 1 0''0 the largest port ion of the City's net
acrels (64 T9,) teflca9 it, $80741_019
invc,,tmmiit in capital assets (land, huildiogs.
machinery, and cyuipmcnl), le" rclatcd debt
used to acquire those assels that ale still
o0lstending. This nal ina..intent increased
$I 039,782 ( tet. Vas) during the aareol It ... I
year. "I he is. it... these capital assets to
provide set i¢s to citizens; eonvequenlly. Ihesc
assut, me aol acailabe Cor future ,pending.
Although Ilic Cfly's inf esmicnt of its capital
assets is repotted m of rclatcd debt, it should he
noted that the rcsouwes ncudell lotpay this richt
I ust be pnryidod fleet other sources. since the
capital assns them"I,",u enol be used to
liquidate these liabilities_
An additional portion of the l'TIC a net asset., IG 9
pc¢ent) repncscnt rtso0rccs that arc suhj,cl to
estcrnal te,vttiaians on how they nmy he 05111.
The portion of the City s act assets subject to
cxtrnlaI mstncIo ilist 'cased $'5543,6,3 (6 6"
front Om precious vcar. The Iewainiog balance
of unmstnctcd net assets IS 36.298, 972) may he
used to meet the City's ongoing o6ligatPma to
citizens and creditors_ This reflects a $79.931
(.23;,1 decrease from the previous year.
Al the end of the aunent fiscal Neal,tileCity is
able to report positie0 balances in all Three
cotegoitea of assets. both Ion the govcrnntcut
as a whole, as teen as for its separate
gacenmiental and business -type activities_ The
same siltiatien tvas one oflhe prior year.
City of Cape Girardeau's Net Assets
Govemm ental
Business -type
_ Ale,
M,
Activities
Total
2066
2005
2006
2005
2606
2005
_
Cruet std ether assels
4078.9747
41 659,124
14,665,672
14,536,111
55455,419
56.189,235
Capnal"sae's
55,511983_
46577.408
95,850979
93174462
151362952
132151,870_
Tn.l"ssets
96.301730
88,236532
118516.651
107,704573
206810,381
195941105
LC u arril siabill h,:nndin9
31563,069
32.100903
33,411763
38916949
67914862
71,016.852
,.
..
Other babllitics
7302,019
6.803407
5,753568
5835.980
13095.587
12,639.395
Total llablees
3886688
38.904310
42165331
44,751,937
81036419
83.656247
Net assets
�
rvestedln capital assets.
Net of related debt
2,299.262
16 01c,519
56449,817
51,692818
86749,019
67.769
,637
R,,Vided
5.609.893
4.644.852
3730,078
3,551,456
8739.971
8,196
118
r
Unrespided
28.127.547
28,670.541
8,171,425
7708362
36?98.972
36.378
003
Tt,t.l el ass,o=
7436.642
443,32222
68351320
62,952,636
125 787
962
112,284858
Crry or CAPE URARDEAU, MISSOURI
Oo e."I ..ltaI ga isit le.. (i ova . ,cliciloe increased the ('ity of Cape Girefdcau's net ussuo b}
$8.691.(48 fculnpured to 59,147,678 in Ili ) -en is t scat teal ther I c atioupling lot 60.0 pe¢eut oRhe
total 'Io%%th In the net Jsscts of the CCitg. Increases in not iuvcsoll in capiml assets during the -,sal yoar
csccalcd the total increase in lied rivets during the year by .8189,7; or 2.3"v
City of Cape Girardeau's Change in Net Assets
Governmental Business -type
advltles activities Tolzl
2006 2005 2006 2005 2005 2005
Revenues
Pro9rem revenue
CM1arges for service
4.313.791
3,939,480
11,678.680
11.175.000
15,992,471
15,014,480
Oporating grants and
before transfers
11,307893
13,169.192
2.183,439
conttlbutions
1,233,096
829,652
-
9967
1,233,096
839,619
Capital granls and
(39-,1514)
3.215.245
3.961.514
seot,ibutlons
4,466.156
5,002.246
4,456,421
2381,466
8922,577
7r383 712
General evenues.
13,491332
_ 13,447924_
Nel assets-P.y cf yoar
49332,222
Property taxon
1,641208
1,565330
-
-
1641,206
1,565.336
Salustaxes
18014,t12
17,433276
-
-
18,814,112
17,432276
Othe"taxes
]555,420
7,036962
-
-
7,505,420
].636992
ORmr
1,329,846
959,673
_._._491_585._.
438,482
1.821,401
1998,155
Toted revenues
39,303,627
36,666.559
16,626,686
14,664915
55.630.313
56,671 474
Expenses.
Adinlinstrathe
G,490,411
5,176808
-
6.490,411
5.176808
Capilul l nryraverneets
387,072
-
-
-
387.072
Development Servloes
2.206380
1,836919
-
-
2,206.380
1.830.919
In lerest and oPer e,t,
1347,608
1,125,373
-
-
1347,668
1,125,3]8
Perks entl Recmalion
3.235,303
2.894962
-
-
3235.303
2,894962
Public Safely
11328385
9976,705
-
-
11.328365
9.976,105
Public Wilke
3.090,595
2552600
-
3,000,595
255260C
Sauter
-
-
4.912 904
4465,329
4,912904
446532E
Water
-
-
5713,165
5738.77')
5713.165
6]38,77i
Solid Waste
-
-
2,693.505
2.476652
2,693.585
2.476,652
GnnCOurse
-
642.996
552162
642,996
552,1h2
Softball Coinpie.
-
-
480597
438263
480.597
433,263
Total expenses
27995734
23557367
11443 247
13,666,163
42,438,481
37223,550
Incmase In net ..sets
before transfers
11,307893
13,169.192
2.183,439
338
732
13491332
13.447,924
Tiansteis
(3215.245)
(39-,1514)
3.215.245
3.961.514
ncr=ase n rizase6
8692.548
9147,678
5390.584
4360246
13,491332
_ 13,447924_
Nel assets-P.y cf yoar
49332,222
40 199297
62952636
58.664,604
112284958
98.863,901
POer p er o it zdluslmanls
11,772
(14153)
_
(12,214(
11772
(26,967(
Net assetsa l6 lr year
571fd642
4:332,222
68.351,320
62.952,636
125
787,962
112.284658
CITY OF CAPE 61RARDF.AU. MISSOURI
ACIIsIt, in the fiell", og revenue oud expense items slhould he noted rot the conga fiscal ,cur.
Iiccenues
• ChUaec,' lea .delle tnetmscd $474,311 (12 4110 ,," the p", to, ycat. Th in'r eel of anolinn
fuel sales et the all po0 made up 9.971 of this mucase Fuc] .al's a1 the Cape (limrdcau Reg iunal
Airport inuem_ 1 5. -2.89 (, 1 - 'o) HIS year as the result 01 loghct Ilhl'I pnc's. Internal dhal c.a
charged to ",nous C11,' eouslrucGml projects incrcaaed 5 122 762 (303°.61 during the past tear.
• Operating gtauts and coutribmtion, were S403,444 (48 h - a norm then till previous year. Uperatiag
grenls Cor the p"o"re and the fire deparllncuts were $93.081 (26 3%) and Sl 15,87R (380 39;.) it
than the IIIc, I is }'car. Grant I,,eouee tot police department costs associuted o illi,sIle rt secmr.tI
and Irdhe ea fete ..'(@ Ida. for high school students i,creo.ed ,$36.443(28.1 n,) and $33,892
(SR I"i,). Grant a-tcnu's for Ive depart o to III costs related to huldcnue tclief, citiz,o rnunecucv
tesponvc training, end fire prevenh.oil I"Ialed $133,870 this tearomnpe, d to $2,812 i, the
precious yeah_ (o and let elmen'a..)'UCd with the City's lust year costs of subsidizing a,
additional round all, by its col a i,,cial collier It St Iaam, lotaled $129,927 Gm,f reteuues
covenug a portion of file Lost of the opclations of the oupoit q control lower increased 542,000
(316"0 thts your_
( ipilal gm,Ls and contr]hot.nos dectcascd $536,090110 Tit) awl the p,,, Scar_ In the coUl,Ct
,,j, s;,488,299 of ... is , lid I, I fi , S (I it, (a I , wcm rucoldcd. Tll.S w,I1+061207
(7 ':5) more Than the prevmus year. The porGoll of tnf astrmcthue ousts 111A It etc charged
h"', (IIog property owners decreased $85,739 (21J°G) Ilii, year hnm the ple.l us Sear. the
precious veal inch¢led ,$3,462, 13'1 of pant rc,,noc for a nhalor moetey rcenn.troch.", [I... "I it
the Cape O. rardeau Regional Aa pom t
Prop"]' las rc nmteas,571U6(4.8b),tore 1he0 the prcelous scut_ AI sesSe d t e l uc o f I ed
Iu'locrease SI`;,870119(2.6"6) oeet IIIc plotions}'tar. Neet eoustracho, nee ,rated for
5..182_.00 (3A I", I it th.s ince ase assessed Relic of petsooal pmpctq in I used Bi_20',47;
14.1'J Deet(he poet ictus y o
011ier I a " , IC'I I Iced 5465.114 (6 7"(1) oecr IIIc frnotu vCLI. Congen(loll and tourism lases.
Oauch3e lases III guess I.cense oas. and "(het cit, oso e : c SIS L368 ( 1 1 4�' ), 5306.7J0
I!_ 11.. 1"b 1. god 41 '09 (13"b) tespu In 111 tC l"oa Fuel taloa ec""al S LLCM I9
t1 I'..L The inn c,,, in IIIc Iout antto, slid too, snC loses tela I.... sed ora 177 421 6`t.9'.��I
m' c:uo.n teataumnl Imre Loh l a 571,817 (16 ? ") in(rrax '"h howl n...CI I ... A kec f, I... m
the iI ase m the hotel ,¢m9 lases alis the too, 2002 1111111111 nfa al It I Inhdo}Inn P,Ill e,.
Ihi(h repluml a II'll idat Inn That lied hues (lose(] .n Septeonbet of 2003. Almosl all Ill .Ill reale
III holi(Iltse fuses resulted Noon a s29 4.016111.5", ) I'll ICC,, In taeec rnllealed liooI Ihu Cil,,
ut1111%ptondeI I I oncll. s e tae_ rhe. cud it 111e I I I A I_ o c e rad IIIncl t I Ile 111t mored sed S 1824 s9
11! 6 til :md S 10 • 1 s' t6.1"61 especlicch_ If ICIIICIf nta.olt li 0 11 111 Chet nanuaI ,It talcs
and h.eIIcl nu nurser usage enmpored to the Prt-noes yeor.
CITYOF CAPE GIRARDEAU. MISSOURI
1levenues (cuutiuued)
• Sales tax rccame was 79 percent otnre than ih, previous year. This indnded the list bill vcor A
revenue foal n ,,, '-; cent fire sales m.x that 11,11 uppio, cl by corer iu lune 2004 that trent two
etlect October 1, 2004phis yeofs lire sales tax mcenue totaled S2,05? 41. llild, gas $721.108
124.61 more than the previous year. "Ilie remaining sales tax a1,nue 1AhICI k luted 516,761 697
leas 5621.723 (4 It,) more thou the previous year. In the p.m -ILL, year Ihcs, revenues had
increased 1.7 percent I lie (Sty part... pales in a back to school lveckcud sales Inx holidav- During
r the first weekend is Auguel ,I ontera can purchase lieutat 2nui,n(Y IIfsdtool supplies clothing.
and rnmplact, lcithout being dtotgecl sales ms. It is estimated thal the holiday may reduce annual
I" oo, he as much os .259x.
• OtherI , oIll i,11ealet S170,173(i86°b)overthepreviousyear_ I nvestme nt canting, i ncreased
5144,184 (3S5" 0 1 he aid of }'car adjISI lice [It 0f in vest meets to market value was (5120. 60I) in
(II, current your_ In the previous yc-vI it leas ($17 7811- P.xcluding the end of year market value
ad Its tuicnt S. Inv es t n mn Is la,uuucs grew $421.002 (45.89,.). I sigh,, acro .... lased cash balances
cold I'lo"'lment of nmluti ng ins"I'lleols at higher talcs arc the nicin ennirihulois to this increase.
Ua.'i,g the year 1Sighed averaec yields on IIIc City ... U l urate of deposit and liquidity L, cstn,ent
portfolios increased 1.10",, and 97", to 4 64%and 4.2095, respcetively_
F:cpenses
• AJm....sl.able carenecs increased S 1 313.6U3(25, 49l,) this },a, I he dly's pay.nenl to IIIc
soulhcavt Al iesoun Slate , iasL'It y related to the "Ricer Campus Rn)Ilet' increased S4so, 461
IS I.3a,Ly All hotel, motel, and resmumnt taxes soIlccted inlet Nocewber 2004 and not required Ibr
the operalioa oflhc Coo,,l,hun and V',,,tors Bureau are remitmd to the onivervity to he used to
pay offhond. issued to fund X8.9 milli.,, of the total cost of the pmject(254, of the ong,oal
esfunmed oa)i'ILL 'Ll I I,t year oras the first fids year of these pdvlie Ias_ ( osLs of resale filet al
the ( ip, (lol,&1a Regional Aiq,ort increased $246.756 (42.99) as a res.dt of higher fuel prices.
Dio log, the year Ih, t ON begun subsidizine an additional St Louis nxmd trip by It" eou.nicreial
an let it a cost of$160. 2,11 I ighly percent of these costs 1n -re rciniburscd by V alit recaum. I los
"a, s cd clic, expenses also included $46,665 travel and other costs iclawd the ( itc'a
presentudo.l It the Boal', of the "All Attiericmt ('ot compeiiaon. 'I -hese costs tact, Galled b5
donations end the Coaccolionr and Tin..I", Punct_
(Capital Intpum.mmllie o", $_ 87. (172 this peal This represents strccl Illd othcr.aptral projcav
that did not .,cel the Cit,':' 51,000 Threshold ([lie ..mount It"hicll the espenditute lvould be
recorded as a capnal 2ssel)_ to I c precious Iecl 111 capital projects keit .,corded as capitol aascl..
U i....nu.. a t tars C%Jlctlsec, in .r1. ed s t , .101 (20 s Ih, year I j,loS s rcl,cwd to the
pull], transpotlati l piolo,00l i n.sal S52100(Iv I"0.L Cosis included for the first time III,,,,,, 1.em $165.010 for acoomic clec dopmenl pap mmIII, and C 111 2x0 for beau lif,ation and
hnakcaping otun exit mntp off IntenlaW 1-1, The coontlnti( do cel opment panneuG lcerc made
p.ununt to develop nte..I lgrcensnts with Scan and Dnuv 12nd I)ecelopment. .A portio, of salsa
.. lex receipts trnm the 1111 Sears Grand and Kohl's stores arc obhg,wil to oake these pasutrnis.
CITY OF CAPE GIRARDF:AU, MISSOURI
E.cpenses cont.
• Interest cell othercost, dere S222,23S (1') 7'"b) wore than Ih1 p¢ciota ycur. phis .....ease resulted
Irom the N-lay'_00s isuance ofspecial obligauel, bonds totaling 57.770,000 aad c Ianoaty 2006
pumusso,f note lotaling $120,000. Ihis doh[ teas used to finance pahlic IalU1 falilieies and
equipment purchases wade out of the Pallc Sa fete Trust Fond and The lot un.9luvo Iu lime Path lic
\'I 011,S I leudyuaricrs and inipntcensnta at I let site.
Parks end recreation expense increased $340.341 ( 11.3",b) Ihis year. Personnel cost increased
51(10.436 (6,0 1,) IS a resdt ofpoy increases and the rcinstn[ement ofpro omet, that had been at
in the precious year Maintenance costs I [let essed sign: Ie TIH) during the year. Building
maim"..avcc Slid lnet mai..lcnancc cost, ivcmascd S4 LSSS (520.8„) and $45,516 (37 WI;,)
respecdccly. Rep ucen,cut of Sa nit camIII( iuocr unit d1 d” Osage ('entre and the main pump ;it the
Capalw Pool were the wain reasons for the :....amid balding maimmiaucc loses_ A tleet it
I tic reasi vcly older vehicles II as the main IactoI I the iTIC rcascd fleet ma i e to "a nee Costs
associated eith u,numl resources, utilities, and full increased $39,174 (16.49,) and $I LQJS
(90$40 respecticell,
Public "I't' "J"al o incrcascd IS 1351,660 ( I i s°.,,) III, cca1. Personnel cost increased S81a.60S
(10.4 "p aI, a 1,,111 0l pay inueascs, addition o 13 u1w it I e li gh to I S. Iola Cl cocatic ies in Split vod
police positinas_ wed a 13 511(, :meas, in ncc tat" pay_ AT the beginning of the year employees
IS fit aeon Than 1 t c ars be,_au ace ue nulaGng 3 - ( enure dayr ofvil,iition pu year_ l III, miry have
had some III IPelf on The :..creased n, Iwoc costs VeleicIo fuel spens, inn used $50,X,7142.5"0)
S..d g'aw feuded oplratwg cepenses inereSsud $99,0.2,0(053".G)- The additional gram funded
operative espeusos were for proemms that co,dd he discontinued if tile gran) revenueS mere not
as�ilahle in tit"', years. 'Phis veal's depreciate a espouse rtes 5216.178 (1 17 U%) more reaulung
from nen Tile IatiTIC equipment aad cohicles that trerc III deased during the Iavl (I Let olfrsaSl
vete rvdiog 111111 it, ?005 Sod the currevl fiscal year lLis cquipnicut teas pwehcecd using
donuuovs, ermees.:md tiro s,dcs tax rcce..uc Sud tats note oquip..ant or ruplacod Bell} dcprcciatcd
oyuipmael.
ublic storksi "e sc incrcascd S-L17,99g (1- 0'..) IhmioGnu
1syo..r. D pe111111111 1111111
,
inlnuerncwlctes$1ss,SI c 1-4.2"lo nun, Thi1 111Owntile l, tions pvae a,,] oladc till S6.Is".,of
Ihis year's increase.
CITY OF CAPF. GTRARDF,AU, MISSOURI
The clan Men, illa,ti aw, the surplo' ur net "'b"' v royu n cd lilr'I'd "' tt Hcy Cit, procmmv
col wee tunny:.
(:ow_e � o.awnso
GOY
o aave�na �.
ame��a�oro,
wavasamty _._
3. rks ft ec oLnu
0.,aeloPnini Seg �-1�
TJninwsirnlrvo
- 1.5oo,000 3000,000 450o.0oo 6000Uoo 751, '1. 9Ooneon le lolNo
I he illusit urian ahorc nlakc,v it clear That all the ¢uvev... nial act, tic' co -Ili' the exceptiml ol'pubk oolks
and some of the buSnce t, pe act l'i t ic,a oftlie ('in, rcquval a iih, cl) h}'taxpayers. I'he servei . dale[, and
solid scaste business -type act, itiet m,ru call Itippoi into. I'it) lic , at kc received capital grants and
e ontrihuti. ns towheg $1,366.416 dining the I,,, ,It gnat causing Ibcir mlenca" to exeeert iheir operating
expenses_ Ilo,cecet Ih,se revono" Icere used for i1n c,Iinenu iu the Ciro s sheet systenle and c,eic not
usrd to cocci opelatiug e'pcusc" � _
Re�rnurs be timu'ce
Goer r nmental Activities
cie— —mr
I he c hat t o the l i elt ...... I I...lh, wu¢,s of
revenue hot , koce -Ime1,t 1,'o"ties_ t he three
u.ttvn ,nfrcecnue all(1"u share of Ictal
W.
clo'clialicoLd a ate s l s tax 01 A10
othertoll(I11.'land ILL11011 dame l 11 APbl.
;.
t he ('11, 1 aenclal sales tax je,,ans 44,9
Femeul III til octal sales III lelmuw and 4i4
Lc c
I au of Ili, I ed ectal d land rravuec The
I
_
remainute sales InxeS are [ur Vnuspoftat ioR
9 "It 'at", altd public 5afetc ploll1cl
the nenenl timd accounts lie 51.6", of
srlc'Ll charge 1,111,11,. 1111, represents 12.9°;,
,It lataI cliche fund I"l lials.
CITY OI' CAPF GIRARDNAt , MISSOURI
13111gs, I�pe atUglle, RIIIIIIcas-type acI,, IIII,
inrnased the Uly of(''IS, CJranlca it net assets IS,
f s,:p8,hf141hetcby aauunGng, fur 40.0 perccnl it it,,
t II erolcth in the nee asscls ofihe ('ily_ l7ansIle nc
fmnl goOemmesal 9111111toI Intaling $? 215?15
accounletl Gtr the 546', uflIle IIICR use phis
compares to transfers from env ItnmentaI activities in the
pre, iou5 veer , G$ 3,96 L 5151ahTell Ile CUun toil fill2 1
ofIan13I'll s net asset mucase lI ansfca(It al,
system ill peovnne tits tote l i ag,$657,914 and sales
L, leve nuc for bond payments Inta1, ug 57,994,124
n,k, up muss it total transfers- Last yea
transfers of ,T,I and sewer system improvements
and sales Las re leans for bond payments here
S 1, 336, 174 a nd$2,(17,884 c,pecliv d,
Net pIleliol in' III and gcIle ml revenue IT
tits Sewer, trate,. solid waste, gulf and sodhall
operations make up file ruuwining iucleos'e iu
brsiuess-type activity net assets. Net oo rain
revenues were $688913. $1,446,115, $20,510_
$(142,191). and 1,(121,6891 respectively to Ihis
I,al I Ili, compares In net pi ngmnr ... enues of
$206,182 $(B2, ¢89), $ 10 , I85, ,$(51,220), and
C(270 119) :prLlivcly f,oullhe previous your.
,.
1 Revenues for business -type activlies
Financial Anadid, of the Cih''e Funds
ll I... A curlier, the City of Qlpe Gmrdrau uses
band n[tieenlina IT ensure and demoustrutc
Lonny l is nor evitll finance -,eluted leaal
rcgltirrnlc ill,.
on, envucn [al timds- I he locus of fit, ('It, I
eaveminenlal hold, IS to provide inlonnation on
near III, Ililloi%]- nnttlo, S, and balances of
N)LIl(I,I'IC I,nokll,cs ;Inch Infollual000 IS oscflll
III usSesa S, Iho t i] s fin'mcinL requilelnenK
III potliailal. 1111 celn'd lilnd balance may sell,
as a poetill maniac ofihe (il,,r net IYSnurvLS
,IS IT fol,], ITT pa ,,IT uv It the ,IT ,I a feat year
A. of)ua all_ er](16. the ( il1 s 11 111111111 AI
a
Il,III, I, I, r IeJ Qnnbined ,I,] III, I I'll IT, lalCti
,if SIa,IV,942-ade, i,e if I, 871515(5.5',,)in
Col pa11Sn s wish the pool }cal. Approximately 67.7
pacrnt 6521.776 9011 constitutes unit orr,ed fund
halawe. tt hich is available for spending at the City s
disdemm. 'Che remainder of the fiend balance is
,esen'ed to indicate that it is not available for neo'
spending because it has already been committed I to
meet the ('It's chattered required enfeigency
reserves (54,180,693). 2) to fund pumhaw siders
open at the end of the yen, ($4,030,720), 3) RI set
aside fund balance not currently available for
expenditure equal m longi tern, loans (life from other
City funds ($1,122,395), 4) to pay debt sef,i,e
($302,188), and 5) restncted to a spr lfl, use
The general fond is the chief operating fund of the
City_ At the end of local year ending June 30, 2006.
unteSol vLot fiord balance el Ibe general fund oras
s641,1741vI,I, total fund halancc u -u, $5,543,869.
Aa a nma9u2 of the gcncral fund -s liquidity, itmay
be useful to Lompare bit tit mnrcmrved fund balance
and (TITS] hind bola", to tonal bold cspcndirocs_
Uatnscned fund balance represents 27 pc tent of
total general fu I'd ,spearl, tar es Tire lLid ini nnnefcn,.
lotvcvcr, infolded in the reserved fund balauce is
$1 J 14,496- which had been resen'ed to Inert the Cit'
It,, rter's em I S reseft I i"JuitInto nt IIs,
Ina 1 it rc1 a tits 14,3 pct tit of lotal genu d fund
xp n ]i(ar s l Jud Ig (lail',eis And c illd too lacd if
all In leen v ,it d elare I b Ih City ( aninil.
I het e o'manus d I ands Stn , tell I f R IS ante.
genJihu s a l( hinge Fund Rolan e 111.11
till till fuulLJm' li (Ile Cab ICaps C1111deall'I
I1int fun l d r used by S A 715 lame g The
Col rCut fiscal yeas 'Ihe GCllelal I and Statmnanit of
sfcvenues, hwenditures, and (Chingts of Feud
Balance prepared uu It bud,Ct b:aia shewa cuneul
fiscal year dehcd oC.$500,470. Dil}'c,cnccs 11, LII et'll
the deficits rctleaed in the Uvo statements Lilt 60
Lound in Note :\ $eat ion 6 of the nuns to the
f inancia l slate ...... is
I tic original budget for the consul fiscal .car
I,IlcciIf! a $287.4'_6 dehull. Sin IT i ficanI Ile ,imions
Goa this flatfeet are detailed hclole
To Sales tax ¢sane ,icl1 4 1 perccnl over the
previe 1 _ peer. ""brit tt is $124,- I.4 (13x, l
mare than ptolecleJ I'll the adopted bu.lect.
I hl. "Thill flout brant than Lepaelltd groolh
in the last paI oil III 11 ious fl,zal cent and
["it" than IIFecled Silleth in the altrcnl fiscal
l dal.
CITY OF CAPE GIRARI)FAI), MISSOURI
o I mlida" lis rncnue$rPc 1113
percent Deer IIIc prem..... year_"Ifidl Irn,
5320.53'
If, V, I more than projected lilt
the adopted hudgel. Fill, resulted Iii,urk
front Inc rcamJ rcccnuc corned by our
unlit, pin,ide_ AlimentJI , their revenue
reflected higher clecinuty usage during
Ihis summer and highs, natural gas rates
during the year_
I, NluNeipal Courcfines and forfeits
revenue increased 5 2 percent over the
previmrc year which stns $85,7sd (I L I4o1
more Than pmjedcd 4n'Ihe hudgel. This
"idmd from anl,wn alive ,mcnuc
projections used in file adopted budget for
fiscal year ending false 10, 2006.
o Business hcaae rcccnuc umreased 3.1
percent over the previous year schich seas
$81,199 (e.more Ihau prajemed for(it,
hudgel. Ihis rcsulwd from conscrvalicc
Ivcuuue pmjoc6aII, used in the adopoed
huduct fit, hsaal scar curing Iunc 30.
2006_
o Real cscuc and persmal pnspeny fax
rcccnuc inueased 4.6 percall over the
pn s y .II ,tae11 as $St,391 t391l
moll, it'll pnlje. I'd for lire badgcL This
I'SIfred Torii mnscIIaII e Icvcnue
pl If leclio ns used in the adopted budyct Ga
fiscal prat atdiIl, Iunc 3Q 2006.
o Other license and permit revcnuc
inacased 1 6It's o or over the previous
scI,, I, licit Ica' $26.718 114,9`0 mor, than
pmjmnl for it,, huJ�d. I his result<I form
cons ....t"c rcccnuc used in
the adnpaal hudgct Ibr Mesal peal ending
Inn, 10, %0116
o Infclull dirges ril.1cascil 20 10b from
Ito precious scar. Dcspilc Ihis Ihc}'te,I,
1111] 516.-81 (21"n) Icsa Ihau pro)ecfed III
Its hudgel. In file prcc ions year cacancic,
in IIIc Gnginccn np dcparinsaf did nnl
,11..11 as unah will, If h, .pens off gad
ch.l ul to Cil, cal lfsl pn 111ts
Also v llanenla IIscars' included
uuptoluck I dnnalions IoLlhng S91 298 till
usc,m.9rocl_ polis lad Glc cl cpartnicnt
pnuecR
12
o Dur rig the cu0cn l fi sea l year recawe Guln
dell ICSnalll'e and Iepaynlenls of adcanccs from
oder funds totaling %s20 0010 and $400.141
if used to [,aI1iWly Iffed a 1,1 11"so1
$1.000.000 eInt Sele If Ilie old public ,,arks
site That was financed by the City instead.
o During the senora focal icer expcndii tics
were 220,461 (1 2Ill) inure III;m original badgcL
Current and debt service expend i liltes exceeded
the original budget by $5 7346 (33(,1l,) and
5152,086111435'%). Capital cspcnditures wele
S488,971 (41.1^,0) less tlau die original budget.
,, Transfers to other liutds Ibr opemling
expenditures, debt service expenditutcs, and
capital expenditure exceed their at igina I
I udge s by $294348 (83":,,]. $360,000
Iliad $639,956 (3908)4), rupe,tivcly.
I'_xcess revenues and iransters from the public
safely Imsl lmid cocemd the increased
cxpalscs_
PI opt c alp Cuntls. 'I'hc City of ('ape Girardeau's
"ll"It sl, II Ids at all prescutcd as major funds Ibr
purposes of 1111, mpml. As a I,sld, all mawnr,fl a
mlafed to tire clitc1lov,c lis Is arc presented at the
gocernnsnl-wide keel_ The Cily docs hew, Internal
Senicc funds, which am rcpor ed ill the fiord
slatenlenls.
(;eller 111 IcwW Budgetary Highlights
UilTerences behmcn the original opemllag hudgel
and IheGnal Intended operating budget elle
$2577 996(1 1.4q,) ocef Ile oriptival huduct unlotri(
the dances ,,if be sunmrulzell as fi,llomN:
o 531.0011 to cosec the eon ofaenal phulography
of the City of he used for coulprehrusicc
planning
o $I I t,000 fur haul l t fico l i on and la IIdscap i nn of
Ill ,It ramp DIT Interslulc I -SS.
o $ist "001ar Ill, CIts , tali coci,,a ploelanl.
Tla3onh of (lit, addineel,l cost was -ocemd by
coupon sales and eraat recenues.
c _-=,200 to cuter mldil i.l nut personnel and
noint'nance "),I, in Ile park, maintemnCe
di,isiun.
13
CI1'Y OP CAPE GIRARDEAU, MISSOURI
solid} trust fold to be ueed on puhlic safety
o
$1S,00d to corm a(Idmonal p,rsmuld and
cunstrudion project,.
olhcl operating espcnses of the
admi n i anv(i ve sen I I (ti vis ions.
o $233 562 (1aI, r to ds aitI land 11n
pwchaec of loud 101 fatwi cyamuion.
>r
o
III? S,000 to covet additional peesonncl,
toe(. and other operating expenses of
police Lin siun. S43,000 ofthese costs acre
Lxcess geueml livad Iccell Lies mete used In hind all
funded by grant and donation revenue,
appropriations that did not hate an ideWificd
funding_ ,worse_
u
5332 S00 to sloe, addilianol pcesonncl,
❑cot main(cnanc, and rental, ulililics, fact
Capital Assets and Debt Adminisa allon
and other opetoting expenses ofthe IIIc
dei Ii ion. S I?3,000 of these costs were
Capital Ass v. The City of Cape (lnatdeau's
fimdcd by grant and donmion Icvcnuc
inocshncnt in capital assets for its goccrnmcntal
and hasiness-t) pe activities as of fane 30, 2006,
o
b1 0),000 to caccrdebt service costs ofthe
annants to SI51 362,962 (net ol'ocaunulmcd
2005 special ohligatinn hoads which 'Co,
(ICpa-siefian)_ This invesla,nt inc,,p,t l assets
im ,o,11p included in the deh( service
includes land_ hu flings and syslem improcemems.
fund's bad_¢st
machinery and equipment. and infms(nICUITC
completed during the last Ihrce fiscal yews. The
o
$a,S00 to the cost of const, Line', et I
City has not yet courpleted its invCam y said
etudio and solheare for( able Access
analysis o(ds Toads, high,,, s. and bridges as
Channel S
capital assns otthe City_ As a result the values
IILL I Ihcse assets ICpl eseal are not yet a part oflhfs
o
$19a 400 Ib1 communication and stilet,
report_ The ( I A S B prntouneauenl %which Ie,III ires
equipment fila the police and 01e divisions
This allows III (I it Tonal (;tile tot the City to
and "alhel tem niug sirens. Mom of these
acemaplish this task We believe it will he
palChAssS were leaded by donation and
accomplished tot the report oil fiscal year cadiug
grata recrnucs_
June 10,2007_
O
$275%6] gl'l1,Ial fW 111 hanSerti III NIIJLII(,
parks alld re(IYatllm. gull slid lo0hall
conlplea finds (u cora, the
Cih Capital Assets
costs of
projected op,m(ing du11CIL9.
60'b 9091
o
$_'200(1 nYal... (-ilnSlCr of oddlt lona)
Illi I S ['1 - 11 Cole n1 the pnbll( sale(v
0
221. -_ mlaul food lrandcr of prueueds
,I � r
from (h I itr wwf Io the cyuipmmu
epla.uu(tit Ifold.
,,.
(.
tiJtlb.(IOU _Lenerd Glad tmnstel 1a deb(
Illlld 10 cover payoft of oulsWnda",
note on tae Iand originally purchased for a
filum puhlic %corks sits, hot flat Is naw
hnlllg held by r"A,. I fire ool, had not
been clamed on hcing paid off when the
1, last budget , I, pl,par,d.
o
c_ %(01l a1 [Ild Baal (labs@I of potllon
,If the '_0(16 pnlntissol) note (n thepubllc
13
C'1 IN OI' CAPE GIRARDEAU, MISSOURI
City of Cape Gita rdeau's Capital Assets
(net of depreciation)
Malts capital asset uventa during the currwtl
(scat scar:inc[aided the folle,ing.
o Con,lo Lenon costs ,(aline $2,0`,4.293 on
appnovad Ironspo.latton sales Ias ploj" 1,
sect. in.unnl Ibis year_ This Ias ,vas
originally approved lin nnnplc(c a spode.,
Its. olvncet protects, ehidt also tncludcd
all is Fa st rcc t rcpnit and ovurluy,
aid.,alk cons(,. tion and repair, and
strcct hell( o"tallatlon and apgmdcs_
o Land penchases for tutu, cepotasiuta at the
Ai. -port and lore litlurc site ofa tae, 1 -ire
Station tae the umoun(s of $24; sot and
$ I RHjd 1, r¢pcctiyely.
a Constr uc(1011 casts tolaling $I.D) 2.0:9 on
,mtcr sal to pn,jccis ,ccre incurred Ibis
sum. Malin „alar ers(cm "oprovcnsnts
indudc I (h, cspinrtdioa lora tac,v ,valet
..a Ile wuthm parr of th. City.
u�plucinuu ma..nnvelct l in. to the
do, nenvn arca and Intcrconncc tine our
" I.... „ill. a nclphhnrill, city s system_
o
16t0.n4I .n cosls,y ,, alm marred nn
strcct ptojc.0 not Inducted on the
ttampo.I-Itiun sales ray list of projects.
14
o Constiuction costs totaling $456.227 were
rms
incuacd lot iniproveen . I hese
projects included a public information sign at
the new Scars store and impmventents lead, to
the new public , of ks site.
o A tats, press hos ,vas conslmded at ('apaha
Park hit a cast of $96,S6
U Olatelytilll costs wluliuC appiosnuatcly
$2t0,000 KCI, also ...curled on Mond and
'toll,'it cr nmtud pnojccl,
o l o..struction mists totaling S21R,? 14 ou se,er
system projects „ere incul"d Ibis scar_ A
capital intprocellun t sales Ias ,ns originally
apptoced in 1994 to complete I specitle Its( of
tntl.... of, to the ""t stent_ Over
$11} 0'000 in revenue boncis have heel
issued thi ngh the State i llg Loan
Program to complete these projects. Islos( of
(he projects mt the list ate now complete AI
the end ofthe year. aids the Sold, R,... _c
Branch L11t Station ,vas not complete.
o I Itprove a is It is ,sere nmde to the Iwv Public
%A orks Head [ulnar It a Will loll Of S36),Wls
oWdiuonal in I ... ..... non about the ( ety's capunl assess
cult lac found all tarn. 1) of Ibis report.
re's to mental
Activity
2006 2005
B'sitlea5-type
Actlntias
2006 2005
2006
Total
2005
Land
4,939,502
4.469,885
111,990
248,109
5,101,492
4,737994
Buildings aha
system
improvemnnts
9937,127
10,328554
2,791,058
2,811,571
12.778,185
13,140,125
mproven.eres
other if.,,
huhdin9s
6,951,115
6,997,354
84.045,563
81474701
90,991
88,472055
Egaipmmil
5,006,946
2,873,990
2780,606
'2,533.577
7,787.552
5,407,567
Infrasaucsute
25063,296
19,009,536
-
-
25.563296
19,009,536
Construction in
progress
3,063,996
2,878,089
6.071763
6,106,504
9,135759
8,984593
Total
55,511,982
46,577,408
95850,980
93,174,462
151,362,962
139751870
Malts capital asset uventa during the currwtl
(scat scar:inc[aided the folle,ing.
o Con,lo Lenon costs ,(aline $2,0`,4.293 on
appnovad Ironspo.latton sales Ias ploj" 1,
sect. in.unnl Ibis year_ This Ias ,vas
originally approved lin nnnplc(c a spode.,
Its. olvncet protects, ehidt also tncludcd
all is Fa st rcc t rcpnit and ovurluy,
aid.,alk cons(,. tion and repair, and
strcct hell( o"tallatlon and apgmdcs_
o Land penchases for tutu, cepotasiuta at the
Ai. -port and lore litlurc site ofa tae, 1 -ire
Station tae the umoun(s of $24; sot and
$ I RHjd 1, r¢pcctiyely.
a Constr uc(1011 casts tolaling $I.D) 2.0:9 on
,mtcr sal to pn,jccis ,ccre incurred Ibis
sum. Malin „alar ers(cm "oprovcnsnts
indudc I (h, cspinrtdioa lora tac,v ,valet
..a Ile wuthm parr of th. City.
u�plucinuu ma..nnvelct l in. to the
do, nenvn arca and Intcrconncc tine our
" I.... „ill. a nclphhnrill, city s system_
o
16t0.n4I .n cosls,y ,, alm marred nn
strcct ptojc.0 not Inducted on the
ttampo.I-Itiun sales ray list of projects.
14
o Constiuction costs totaling $456.227 were
rms
incuacd lot iniproveen . I hese
projects included a public information sign at
the new Scars store and impmventents lead, to
the new public , of ks site.
o A tats, press hos ,vas conslmded at ('apaha
Park hit a cast of $96,S6
U Olatelytilll costs wluliuC appiosnuatcly
$2t0,000 KCI, also ...curled on Mond and
'toll,'it cr nmtud pnojccl,
o l o..struction mists totaling S21R,? 14 ou se,er
system projects „ere incul"d Ibis scar_ A
capital intprocellun t sales Ias ,ns originally
apptoced in 1994 to complete I specitle Its( of
tntl.... of, to the ""t stent_ Over
$11} 0'000 in revenue boncis have heel
issued thi ngh the State i llg Loan
Program to complete these projects. Islos( of
(he projects mt the list ate now complete AI
the end ofthe year. aids the Sold, R,... _c
Branch L11t Station ,vas not complete.
o I Itprove a is It is ,sere nmde to the Iwv Public
%A orks Head [ulnar It a Will loll Of S36),Wls
oWdiuonal in I ... ..... non about the ( ety's capunl assess
cult lac found all tarn. 1) of Ibis report.
CITY OE CAPE GTARDP.AU, MISSOURI
City of Cape Girardeau's Cutstandiny Debt
Yoarended 2606
I easebold
rovenuc bonds 172,000 692 000 172.000 692.006
33,435,194 34,528,349 40.175,638 42,389,949 73,610.832 76918298
Lo1L n tcnud'bt At the c ud of the f fiscal ycal,
the City of Cups Giiwduw" Irad total duh"
oleaandi11k uf$77610.R12 ❑11nlet dcbl
outstaucli11p totaIin; $11 2RA.429 is securcd he
reccnuce of the scwcr and eat" 0wda n11d
capital iIll nrvc"ncnt sines texr_ti_ 'I " mpupn1c111
ofthe re"na"niuy dahtis suhjectto a11"uml
appmpri ations
I Is ( its local M)l d.creused be 53.907,466
(,I, 6) during the year_ During the puss year 111,
its cntocd iulo a 52.1100,000 "mtc wad" Bank of
ll11sriuu ,yA le acct 20 ndt[ and issecd
$7.160000 nlAvmu" tc ,nuc bunds kith less
pavnsut date of Alaid" I, 2013. I lie proceeds or
111, water tecume hand issue 11111 me11 In pec
offlhe I 99 water ravcnue 11111111 issac 11111111 ]tad
outstwldiug bonds it lite cold of the ptcvi11us yew
M 58.17(1 000. Uutiug the year the City ¢paid u
s49] 000 pronussop mote to Montgotucn Bunk_
!`lore irdbnna"inn ahem the Cih'n outnandine
debt can he Ibuud in ne"a I Io the ❑Isancial
TWtC"I Itt IItY.
IS
Vi onontir Factors and the Next 1'ea is Budget
<'unu nere ial and it 1111,11 drcelupmenl continued
Ili Ioblit unnvth ties year helping, keep the local
C it it, It nt climate strong. "1'1"e Cape Girardeau
County u11adj1Isiccl uncmplosnnenl Talc lamas 1_2°.i Sn
Odoher 2006_' fhis, impalas lav aahI) with the
'(at" idc unadjlateJ unemployment ram of I.0% tot
October 2000. Only oac ao mtY in the Soullie,ea
%liss1111ri hncl a toacr u11c op 10ymen[ rate and Thal
cm"npy sees adjacent to Cape (,irardeau county.
Hemi] sales Improved suit i tic a it t lc Inas vent. Siuce
the Cits is heathy depeudeet on sales lox revenue @n
support 0fIIv general fund sery ices, improved grutcIII
oflecll retail sales i, Ili hove a si_andlcant intptut uu
III C'it, , shility to fiord services in the future.
Mate u11d local lams IIsto, I the Cis s audit} to
n.I.ase fee, to cover the t sts it plo�"ding specil7c
sun lets to the auera uft11osC ices. State lal%s also
,trimly lin"it the I it% I ah llty to i11uuosn its real
cstttc and pc"so""al propcnl to% CC III to support its
ganetel sery ices such ua police and fire protection.
Governctanlal
Business -type
Ad say
Activates
Total
2606 2065
2606 2005
2006
2605
Notes payable
1408,875 87,446
541,125 -
1,056,600
87,446
Special
obligation
bonds
8,829,589 9740728
755,429 936760
9.58h 018
10,677 488
Revenue boatls
20,409,345 21282.719
38,879,084 41,453,189
59,288,429
62.735,908
Certlficetes of
pndicipllon
2.615 385 2,725,4%
- -
2.615385
2.725 456
Go cml
obr"galio11
brach
- -
- -
-
-
I easebold
rovenuc bonds 172,000 692 000 172.000 692.006
33,435,194 34,528,349 40.175,638 42,389,949 73,610.832 76918298
Lo1L n tcnud'bt At the c ud of the f fiscal ycal,
the City of Cups Giiwduw" Irad total duh"
oleaandi11k uf$77610.R12 ❑11nlet dcbl
outstaucli11p totaIin; $11 2RA.429 is securcd he
reccnuce of the scwcr and eat" 0wda n11d
capital iIll nrvc"ncnt sines texr_ti_ 'I " mpupn1c111
ofthe re"na"niuy dahtis suhjectto a11"uml
appmpri ations
I Is ( its local M)l d.creused be 53.907,466
(,I, 6) during the year_ During the puss year 111,
its cntocd iulo a 52.1100,000 "mtc wad" Bank of
ll11sriuu ,yA le acct 20 ndt[ and issecd
$7.160000 nlAvmu" tc ,nuc bunds kith less
pavnsut date of Alaid" I, 2013. I lie proceeds or
111, water tecume hand issue 11111 me11 In pec
offlhe I 99 water ravcnue 11111111 issac 11111111 ]tad
outstwldiug bonds it lite cold of the ptcvi11us yew
M 58.17(1 000. Uutiug the year the City ¢paid u
s49] 000 pronussop mote to Montgotucn Bunk_
!`lore irdbnna"inn ahem the Cih'n outnandine
debt can he Ibuud in ne"a I Io the ❑Isancial
TWtC"I Itt IItY.
IS
Vi onontir Factors and the Next 1'ea is Budget
<'unu nere ial and it 1111,11 drcelupmenl continued
Ili Ioblit unnvth ties year helping, keep the local
C it it, It nt climate strong. "1'1"e Cape Girardeau
County u11adj1Isiccl uncmplosnnenl Talc lamas 1_2°.i Sn
Odoher 2006_' fhis, impalas lav aahI) with the
'(at" idc unadjlateJ unemployment ram of I.0% tot
October 2000. Only oac ao mtY in the Soullie,ea
%liss1111ri hncl a toacr u11c op 10ymen[ rate and Thal
cm"npy sees adjacent to Cape (,irardeau county.
Hemi] sales Improved suit i tic a it t lc Inas vent. Siuce
the Cits is heathy depeudeet on sales lox revenue @n
support 0fIIv general fund sery ices, improved grutcIII
oflecll retail sales i, Ili hove a si_andlcant intptut uu
III C'it, , shility to fiord services in the future.
Mate u11d local lams IIsto, I the Cis s audit} to
n.I.ase fee, to cover the t sts it plo�"ding specil7c
sun lets to the auera uft11osC ices. State lal%s also
,trimly lin"it the I it% I ah llty to i11uuosn its real
cstttc and pc"so""al propcnl to% CC III to support its
ganetel sery ices such ua police and fire protection.
CITY OF CAPE GIRARDEAU, MISSOURI
I mpto,ne eLono.. T3= Sales ms is I slgnilk ""t
.,.cane source ofthe (,It, and is a ["...meter of
the Iocal economy. Dulingill, fine }can plinrto
the...rant f1_ca1 veto sols,tax i"'LO, "cess at
an C%C111-11C ruts of 1 9"i while inflation grct at
as accua c rat, of 2 le the current }cur sa lc9
tan 11111CILe inctcasc. 14 [", tchilc inflation clef.
m 3.7"b. Th'a y car wa, [hs second year in the
last Ihtac ,cars to show sales g.o"ill high.. than
tie inflatinn tate Hopefully. this Icpresenls a
tuns ill The trend of lowet retail sales "Toeill
which heea" in the Oscal year endive lane 30.
20U 1. In the can eel 2007 fiscal year. sale, las is
ema'tne at a 3 pace_
R egio"al retail ccntcr. I htmrgh most of the
1990 k ('ups GlNldean umlinacd to bed
I eg i o nal rete II ccIct fonnudI of Sou Thee s
Missouri and Southenl III Tioiy. During the latter
pelt of the 1990 s Cap, 0eanleau ""Cl to lose
if, shute of the retail matkel to other cities in the
lcgo
m asIhcac cities added additional tt5ad
ouTluts io Ihcit uTonmmitic,.
SALES TAX LUMI'ARISUN
The "', o , fill,], , which includca the ('ity of
Lupe tier nu antl 11"elll1a11t retail ccntcr,
III1in a mile radius. shows We pcacmagc of
c Yinratcd sales uwde h}' cuoh City m the Intal
eatamrted sales of the fisc cities_ Siam calendar
rem2002 Ili' CI("' sham of those aa[es hos
dectcasnl tiom 41. percent to 40.6 peaceul.
IJurune the last three }cats the ('it, shoe of the
local nekct has reCta,,eel [lith sable_
Ac(n in Ins Inken place lu ol,' the 1,111 mo 11111
'110" Balli die , 11 help the t m Imrease ilk
load nlwkcl clan. Kohl upcned a ..cls gore in
,%Pnl'_o01 and Scor Gland opened a nest Imre
In OLtober?VOz Ilhcsc tsw ncicretnil ..inlets
mac hove hnd a po"C',, iCop", I ou this fiscal
-s To1lrocA "J" hs routh z"d s 111dd
liable th t its to in1P' 'e ns regional dam.
I(o
State and l owl l a, Currcnlly slate law prohibits
the ('in Ile caning 1 s p, Inlil n.lie Tse Icca
mtlhoot a vote, Thus making it difficult he the ('ity to
CC," the inuea"nP costs of prod ding at ke,
111011,11111 Is (It Ihc"T, reran...,. In p..cinus scats Ile
( ity Charter pmhilitud ally anllual user fcc inaca,e
Of grcotet than s85, whhout a Cole Of people_
AlthouJt this ptovit o" t,,liked reel[ with the mere
slunifma"t user Cees such as matcra... scaler IIIc,, it
ead. raising ,..alio user fees more emnhursomc.
'IIII, pnseisinn had a greater impact un the Pucksaud
R....aOon pond IItie the City Its, declined up until
the fiscal year ending lune 30. 2005 to make sonall
increases to cover increased costs, as a ronvenienee
to IT, uv'crs. Prior to these increases. the only park
and recreation fees that had heen Ili ... aced since
1997 hacc hecn Ice at the golfcouree I),iting the
uuncun year voters appmtnl cha"ges to the City
Chotte, that ptcv iously restricted the ( y'a ability to
iuctea,c anv user fee in ally year by more Thar sl'!,
without cold appnhvul_ lie "cw Charter provision
rcu¢ncs the rgstrietion lihrull fees except those of the
,'ewer, watct, and solid wast, lands.
Bedy,t Ihr li,ud year epclnhg lune 30, 2,007 and
InCIC lal co alit a r. The ad,ptcd hudect Intlhe total
year..kiln}fills 10. 2007 which included 4",, stag,
IIt, II I"I end sena hosed n" teasonahlc revelwe
also mpli0ns contained an annual general Bind deficit
I, f 54 50.809. W hi 1, the approved bud ect pill eafed
ade pal, revenue to caro its pro'Iccird personnel xud
operating costs, it did not protide enough to cover
III( ('itv s capital needs. I undmg of portion "I these
needs a"d other one-time expenses cmaed the
resulting deficit
The City's current it al posh ion is strong to that
it has more than adequate financial t,,okeces to toter
asisting cluims on those resources. Ilotveter, its
Ilnancial .(....nine or its ahility to provide c"ou"h
.cocauting ..acme, to Tore( its reoccurring Curds 1,s
dill Ics, Ilan desirahle Puudiog of equipment fat Ile
gcnctaL 11111011, and park, anti ....canon funds.
exdudiue Polire and tum disk...". is gill inadequate
R,qussts lin' ❑ilmmmtioo
Itis fiu"uctol sport Is designed 10 ploy de a gcnclal
oven i ew of the( Is A C ape Girardeau s filine.,
fol 111 those s,ith an interest i" the ( It, s I)nnucc.
Q1e,I i...Is concemin"anv of lh, info. metiou
pamdcd in ill ie ..port nr regoers f. r. ad d IT nal
financial Tosol noHoll should he addreskcd To the
Por wa Dir I sr. l'i ly oft alp, llrorzlcau. 110 Ifo,
61- ( ape l e(leao. W) 61"0' 0617_
2002
2003
2094
2005
Ce, Gaalaeau
419°/
41)l '%
499%
406Y
CoN..... 1,
277%
20.3'/
273%
28.8%
Jackson
94%
_.5e�
981%
96%
Pcry,11,
7.2",
7.0X,
72°h
7.1%
Sikeston
14.4%
14.5%
145%
13990
100.9%
100.0%
Ino 0Of
1000%
The "', o , fill,], , which includca the ('ity of
Lupe tier nu antl 11"elll1a11t retail ccntcr,
III1in a mile radius. shows We pcacmagc of
c Yinratcd sales uwde h}' cuoh City m the Intal
eatamrted sales of the fisc cities_ Siam calendar
rem2002 Ili' CI("' sham of those aa[es hos
dectcasnl tiom 41. percent to 40.6 peaceul.
IJurune the last three }cats the ('it, shoe of the
local nekct has reCta,,eel [lith sable_
Ac(n in Ins Inken place lu ol,' the 1,111 mo 11111
'110" Balli die , 11 help the t m Imrease ilk
load nlwkcl clan. Kohl upcned a ..cls gore in
,%Pnl'_o01 and Scor Gland opened a nest Imre
In OLtober?VOz Ilhcsc tsw ncicretnil ..inlets
mac hove hnd a po"C',, iCop", I ou this fiscal
-s To1lrocA "J" hs routh z"d s 111dd
liable th t its to in1P' 'e ns regional dam.
I(o
State and l owl l a, Currcnlly slate law prohibits
the ('in Ile caning 1 s p, Inlil n.lie Tse Icca
mtlhoot a vote, Thus making it difficult he the ('ity to
CC," the inuea"nP costs of prod ding at ke,
111011,11111 Is (It Ihc"T, reran...,. In p..cinus scats Ile
( ity Charter pmhilitud ally anllual user fcc inaca,e
Of grcotet than s85, whhout a Cole Of people_
AlthouJt this ptovit o" t,,liked reel[ with the mere
slunifma"t user Cees such as matcra... scaler IIIc,, it
ead. raising ,..alio user fees more emnhursomc.
'IIII, pnseisinn had a greater impact un the Pucksaud
R....aOon pond IItie the City Its, declined up until
the fiscal year ending lune 30. 2005 to make sonall
increases to cover increased costs, as a ronvenienee
to IT, uv'crs. Prior to these increases. the only park
and recreation fees that had heen Ili ... aced since
1997 hacc hecn Ice at the golfcouree I),iting the
uuncun year voters appmtnl cha"ges to the City
Chotte, that ptcv iously restricted the ( y'a ability to
iuctea,c anv user fee in ally year by more Thar sl'!,
without cold appnhvul_ lie "cw Charter provision
rcu¢ncs the rgstrietion lihrull fees except those of the
,'ewer, watct, and solid wast, lands.
Bedy,t Ihr li,ud year epclnhg lune 30, 2,007 and
InCIC lal co alit a r. The ad,ptcd hudect Intlhe total
year..kiln}fills 10. 2007 which included 4",, stag,
IIt, II I"I end sena hosed n" teasonahlc revelwe
also mpli0ns contained an annual general Bind deficit
I, f 54 50.809. W hi 1, the approved bud ect pill eafed
ade pal, revenue to caro its pro'Iccird personnel xud
operating costs, it did not protide enough to cover
III( ('itv s capital needs. I undmg of portion "I these
needs a"d other one-time expenses cmaed the
resulting deficit
The City's current it al posh ion is strong to that
it has more than adequate financial t,,okeces to toter
asisting cluims on those resources. Ilotveter, its
Ilnancial .(....nine or its ahility to provide c"ou"h
.cocauting ..acme, to Tore( its reoccurring Curds 1,s
dill Ics, Ilan desirahle Puudiog of equipment fat Ile
gcnctaL 11111011, and park, anti ....canon funds.
exdudiue Polire and tum disk...". is gill inadequate
R,qussts lin' ❑ilmmmtioo
Itis fiu"uctol sport Is designed 10 ploy de a gcnclal
oven i ew of the( Is A C ape Girardeau s filine.,
fol 111 those s,ith an interest i" the ( It, s I)nnucc.
Q1e,I i...Is concemin"anv of lh, info. metiou
pamdcd in ill ie ..port nr regoers f. r. ad d IT nal
financial Tosol noHoll should he addreskcd To the
Por wa Dir I sr. l'i ly oft alp, llrorzlcau. 110 Ifo,
61- ( ape l e(leao. W) 61"0' 0617_
BASIC FINANCIAL STA I ENIENTS
City of Cape
Girardeau
Statement of
Net Assets
For the Year Ended June 30, 2006
Primary Government
Governmental
Business -type
Activities
Activities
Total
ASSETS
Cash and each equivalents
$ 2,825.355.11
S 180,383.14
S 3,005,738.25
Investments
28,755.426.85
3,904,84542
32,660,272.27
Taxes receivable
3,395,032.25
-
3.395.03225
Utility charges receivable
-
1.371,167.93
1,371.167.93
Special assessments receivable
1,634,17624
156,002.02
1,790,258.26
Interest receivable
258,987.72
5,304.98
264,292]0
Other receivables
633.368.'5
745.93
634,114.08
Notes receivable
614,228.97
-
614,228.97
Motor fuel receivable
132,054.14
-
132,854.14
Grants receivable
581
419,911.91
1,004,671.04
Intamal balances
1,241433.96
(1.247.433-96)
-
Inventory
154,674.97
205,365.61
360,040.58
prepaid items
55344984
709,34093
1,262,79077
Restricted cash and cash equivalents
-
5,515,305.73
5,515,30573
Restricted investments
-
3,444,652.93
3,444,652.93
Land
4,939,502.37
161,989.55
5,101491.92
Buildings
9,987,127.11
2.791 057.51
12,778,184.62
Other improvements
6,951,115.15
84,045,562.96
90,996678.11
Equipment
5,006,946.08
2,780,605.79
7,781551.87
Infrastructure
25,563,296.24
-
25,563.29624
Construction in process
3,053,995.63
6,071,762A9
9,135.758.62
Total assets
S 96,301,729.91
$ 110.516651.37
S 206,818,381.28
1 1 t t 1 1 / i
1 l i
1
1
City of Cape Girardeau
Statement of Net Assets
For the Year Ended June 30, 2006
Primary Government
Governmental
Business -type
Activities
Activities
Total
LIABILITIES
Accounts payable
$ 2.014.042.56
S 556255.30
$ 2,570.297.86
Salaries and berrody payable
1 239385
97
20802415
1447410.12
Interest payable
570.939.39
61878164
1.189.72103
Other liabilities
225
917
507171-53
733.089.13
Estimated claims
1.214.50000
-
1214.500.00
Due to other governments
66.343.42
27.460.75
93.804.17
Unearned revenues
98,76545
-
98.76545
Estimated landfill post closure costs
-
72.000.00
72.000
00
Current portion longterm debt.
Notes payable
36.125.00
13,875.00
50,000.00
Revenue bonds payable
920.000.00
3.570,000.00
4490,000.00
Ceritficates of participation payable
125.000
00
-
125.000.00
�. Leasehold revenue bonds payable
31,000-00
-
31.000-00
Special obligation bonds payable
760,000.00
100000.00
940000.00
Long term debt net of current portion:
Notes payable
1.372,750.00
527.250.00
1,900,000.00
Revenue bonds payable
19,469.345.57
35.309,083 50
54,798,429
07
Oentflrates of participation payable
2,490,384.55
-
2,490.38455
Lcasehcld revenue bands payable
141,000.00
-
141
000.00
Special obligation bonds payable
8,069,58867
575,429.31
8,645.017.98
Total liabilities
38.865,088.18
42,165,331.18
81,030.419.36
NET ASSETS
nvested In capital assetsnet of related debt
24,3A,297
23
56,449,816.71
80 786,113
94
Restricted tar debt service
302,188.31
1,066,666.67
1,368.854.98
Restricted for depreciation and replacement
-
1,067,00000
1067,000.00
Restricted for emergency fund
4,48D
693
00
1,596.412 00
6,077.105.00
Restricted for Mausoleum
90,896.89
-
90.896.89
Restricted for River Campus Project
94,780.26
-
94.780.26
Restricted for Local Access Channel
20.963.50
-
20.963.50
Restricted for Opera tion and Maintenance
20,371.16
-
20371.16
Unrestricted
28 127,546
86
8,171424.81
36,296.971.67
Total net assets
S 57 473
737,21
$ 68,351,320.19
S 125 825
057,40
Y 1 1 i 1
i 1
Y 1
A 1
1
1 i
1 (
1 i
City,
of Cape Girardeau
Statement
of Activltlee
For the
Year Ended June 30, 2008
Net(Expense)
Revenue and
Program Revenues
Changes in Net Assets
Primary Government
Capital Grants
Charges for
Operating Grants
and
Governmental
Business -type
Functicaril'oWams
Expenses
Services
and Contributions
Contributions
Activities
Activities
Total
Primary government
Governmental be Vices
Administrative
5 6490,4.1.45
5 1,7.9.3732'.
$ 310.10535
5 39741.62
$ (4413."1127)
5 5
(4413.111.27)
Capital Improvements
38],07196
-
-
-
(382,071.96)
-
(387.071.96)
Development Services
2,206,38043
1,001,09616
254.337-54
-
(950,946]3)
-
(950,948.23)
Interest and other casts
1342.002]1
-
-
(1347,60771)
-
(1,342,60721)
Parks and Recreation
3,235,302.55
576272.89
3,275.00
419,560.53
(2,236 194 13)
-
(2,235194.13)
PuKm Safety
11328.36524
1.008,049.07
657,298,0:
140.437,40
(9.522 580.76)
-
(9,522,580.76)
Public works
3,000.59454
9000:30
-
3,866.4:6.00
874,82146
-
074,82146
Total governmental eciivAme
22,995.73388
4,319,791.33
1,231095 90
4,466.15555
17,982 691 10)
(17,982 691 10)
._ Business -type Activities'.
GOI: Course
642 996 37
500,80197
-
(1a2 194
(142.19440)
Sewer
4,912,903.57
2,854,848.12
-
2.74696840
-
688912.95
688912.95
Softball Complex
484596.92
158,90770
-
-
-
(321.68922)
(321,68922)
Solid Waste
2,693,585.10
2,705,514.57
-
8,580.10
-
20509.57
20,509.57
water
5213,165.16
5458,60740
1,200,87266
-
1446,31490
1445.31490
Total bus.nesstype activities
14,443,242.12
1162867976
4.456.42116
1691,853.80
1,691,853.80
Total pr Ta, Sovemme,t
S 42.88 .4 981.00
$ 15,992.471.09
4 1233.095.90
$ 8.922,57671
(17982.691.10)
1,691,85380
(16,290.83730)
I 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1
City of Cape Girardeau
Statement of Activities
For the Year Ended June 30, 2006
Net(Expense) Revenue and
Program Revenues
Changes In Net Assets
Primary Government
Capital Grants
Charges for Operating Grants
and
Governmental
Business -type
Fc,ct,.,alPr.,.ma
Expenses Services and Contributions
Contributions
Activities
Activities
Total
Primary government
Governmental activities:
General revenues'.
Propedy tans,
1,641 206 32
-
1,641,208.12
Sales taxes
18,814,112.00
-
18 814 112,00
Franchise taxes
3283,53238
-
3,283,532.38
Motor fuel taxes
1,456,896-]6
-
1459,896,76
Convention and tourism taxes
1 472,745.19
-
1,472,745.19
Merchant licenses
1,065,199.05
-
1,065,19905
Liquor licenses
62,88879
62.888.79
Othertaxes
170.15773
-
170,19]3
_
Unrestricted grants and contributions
48,822.84
-
48,02284
Unrestricted investment earnings
1,238,010.88
365,210.53
1.603,221
41
Asset dlsppaltipn
(24,062.82)
-
(24,082.82)
Gain on Is of assets
57,945.32
108,814.64
166.759.96
Other non-operating revenue
9,129.53
17,56046
26,689.99
Transfers
(3,215,244.84)
3215 244 84
Total general revenues
26,075 339 13
3,706,83047
29,782169.60
Change In net assets
8,092,648.03
5,398,68627
13491,33230
Net assets -beginning
49332222.20
62,952.63592
112,2 84,858
12
Prior pedod adjustment
11,771.50
11.771
50
Net assets. ending
E 57,436,64173
$ 60,351,32019 $
125,787,961.92
1 1 1 1 1 1 1 1 1 1 4 Y 1 Y 1 1 i Y
City of Cape Girardeau
Balance sheet
Governmental Funds
For the Year Ended June 30. 2006
Other
Total
Park and
Tara Sal..1 -Is
Public safety
GOVemment3l
Governmental
General
Airport
Re4reaticn
TrustF,c11
TmstFord
Funds
Funds
ASSETS
Current assets'.
Cash a n (! ounh equivalents
$
176715.17
5 1.967)8
5 120,-4].131
5 486017.13
5 129739.22
S 1.90].46].80
5 2.681,159.27
li,b,unt,
1,85$240.52
3981544
209638.32
9.915.09799
3,653,64794
10.121,72794
25599.168.15
ReueisaMes-
Real- alale'a, 1,1
26 63249
-
-
-
-
6,19669
32.82810
Personal property taws. net
685495
-
-
-
-
128970
8.140.65
Sul,
77251735
-
-
-
956,16845
1728,68380
Fianctnse taxes
1490,59536
-
-
-
-
-
1490,595.36
Hctel 5 morel tae
-
-
-
-
-
55.338.31
55.338.31
Restaurant lax
-
-
-
-
-
79,44195
79,441.95
Spepel assessments
10424488
-
-
325,372.57
-
1202,558]9
1634,176.24
OOmr
129.720.02
117,95841
45.05425
-
4755318
21,53445
362030.31
Ilur "t
219,499.30
-
-
2,598.95
36,08947
258.987.72
Motor lucl tax
-
-
-
-
86,99840
8699840
—"n"' cense fees
-
-
-
-
29,66148
29,66148
Moo, ,hde soles tax
-
-
-
-
-
16.19426
16 19426
Golds
107.430.89
197365.50
-
-
27996274
584,759.13
OY4ertunds
341)267.58
-
-
-
340,267.58
„ renlory
1-11 67
42,195-83
-
-
45.102.10
87,439.63
Pre0ald tlenre
8255030
116,799.62
6 291 68
-
41.38753
24).03±_13
ICIal Gunenl assets
5.318420.48
516,101.88
240,241.12
1p52648769
3,83353929
14,007,917.14
35,52290760
Kon a'.irrent assets_
Ad'. mmcs 1p or, tund5
--7122.394.63
1.12239463
-
-
-
1,122,39463
Total Ncnnnrent pssetr
-
-
1,122 394.63
Total assets
$
6.440,015.11
$ 516,101.88
$ 240,241.12
S 10,726.48769
S 3833,739.29
$ 14,887,91714
5 36,645,30223
1 I f 1 1 1 i 1 1 i 1 1 i 1 1 1
City of cape G[rardeau
Balance Sheet
Governmental Funds
For the Year Ended June 30, 2006
Other
Total
Patkand
- aSaldsTax
Public safety
Governmental
Gov mental
General
Airport
Re reot,n
TFIst Fund 11
Trust Fund
Funds
Funds
LIABILITIES AND FUND
BALANCES
Owrent 6.ob litl(o
A—ro (,Payables
$ 338.949.05
$ 218,822.18
5 91.14'_55
$ 333.289.12
$ 391,750.53
5 553.43290
$ 183737.33
wane and benetils p,ab 1
258.2^1.33
1858463
4456434
-
-
2,51190
323,952.20
Other labilniea
14539763
43.37770
37.06624
-
-
-
225,841.65
Oue to ntt,-,,ernmen6
32145
-
-
-
2,206.64
2,52809
Payable In co!,, funds
-
42,062.12
-
-
-
95,27545
13733757
Unearned revenues
20.81622
44,025.00
33,924.23
-
-
98765.45
Celened-,non,
133,179.08
325,372.57
1,343.17460
1.801.726.25
Total Qinen t liabilities
896.94576
366,871.71
206.69636
658,652.69
301760`.3
1996.601.49
4,427 528,54
Non yrrenl Labili6cc.
Pdvances Gom othm funds
30.631 51
-
30.83151
Total Nnn u. --hent Ila5in0es.
30,53151
-
30.031 51
Total lsbiinics
896 945
397703.22
206.69636
658.552.69
30176053
1996,601.49
4,458,369.05
Fund
Resery ee [ar�
Rescivr'
4,902,69530
10276131
29,5@2.89
892593.04
2.029,145 80
2,373.251.70
10,410.040.84
L'nreservnd
641,174.05
164,362.65
3.951.87
9,175.241.16
1,502,032.96
10518,06395
21]76,901.34
Tclai fund balances
5.54386935
118,398.66
39.54476
10067,93500
3531,97876
12,891,315 65
32,186.94218
Iota[ IiabhNes and !arid
bnlannes
$ 6.440815.11
$ 516.101.88
$ 24024112
5 10726,487.69
$ 3,83373029
$ 14,887917.14
5 36,645.30223
I 1 Y t i Y Y i 1 1 Y 1 1 i
CM1y or Cape Girardeau
Statement Revenues Expenditures, and Changes an Fund Balances
Governmental Funds
For the Year Ended June 30. 2006
Omer
Tool
Pars
andv
rs5elea '
pahlic sd,,,
env ental
Gov tai
lenderal
Hiryon
Old estop
Tri Fund1
Tina Fund
Funds
Fw,aS
REVENUES
ax_s
S 13121,
BITE 31
5
S
-
3 2463946]9
$ -
g y6681-411
S 25453.9]547
i. nsas d penis
1,27
.066.74
-
-
-
-
507560
'.276,'41 7T
ni... I Ill
800,4'977
296,69550
-
209,853.92
-
1839306.47
3,24427536
Cs,,,'or s,ce,
36505801
123907700
505.323.17
-
-
-
2109.458.29
rlemal Ochs,¢,
72686697
-
-
-
-
-
726068.97
Final and lodeits
86285520
-
-
-
-
St i28
'Aiscel ancon,
211028.55
20237.133
14.30157
-
-
90,481.65
518,18530
n_s irroams
15835103
1142191
3619-38
339.31650
160,99097
438.64876
1.121.41545
5,.-, assesnmcnL,
9,93310
-
-
4440830
-
220.28494
282,22642
Ta1aLYveau�s
17,826,06693
1.738,00372
52327412
3457.12241
180.994.97
12 269941 13
35595,403.28
EXPENDITURES
Cor 811
ACm"I'dreive
2,007,59237
2.239Dad .69
-
-
-
162325046
5.87031752
C. --scrim Services
182501564
-
'_0.401.77
-
241.572.36
2.11706977
I� Parks and Rameandr,
1517,67040
-
1.33075416
-
-
-
284812456
Public, salary
10, 264,00a
73
-
24.524.75
24575403
10537279.51
Pohlic works
1,Bra
981.94
-
-
64088
-
62325.33
1,87794815
Dadlsemce
.. .. is ratve
lc y
so 124.11
6972411
25I
8276277
1491.1C
54673
-
242,270.68
965.57215
1,30464343
„uancecvst
3.56258
-
-
-
5.00132
8,56390
It Ideal
79,0607"2
14,940.59
-
403,250.00
1.811.10000
2,388.35131
Custal ouvay
738,3144]
213,14131
71,326-65
2.054.82684
3.618,74965
1854.517.he
9,39158486
Tonal expendlures
18332,561.62
2.5x774574
1402627.54
290594949
4373.79640
6876825.33
36,409,60712
= ss(d""unc))ol
espandJuau
1506.594691
(779.743.021
(079353,42)
151.17292
(4.19200 L43)
5393115.80
(814203 84)
OTHER FINANCING
SOURCES (USES)
Transfers our
(5533.814)3)
-
_
-
;1594,919.201
15999.854,42)
(13 128,587 35)
Transfers in
4.549,052.16
88670491
865253.36
260,00000
2610D8103
1,495,16623
10.666,25x,69
Band emceed,
52000000
-
-
73000000
-
125C,00000
msct disporchon
40056.60
753.83
-
-
-
46,81043
01der nI, pemion raven..
__Z963
07
616646
9129.53
tmsssiur
sources and uses
1415
74290)
893,6252C
865,243E
260.p00oC
1745,16283
(4504686 19)
(1156357 701
Net Ctran, In inns
dalnncr3
(922
337
11388210
!14."00.061
411172,92
12 447 638 60)
888,429.61
11,97454154)
Fund par a..Is-da3mrnin
6,367,150.08
461618
4764482
9,95666200
5,979,Or 736
72.002.88604
34,05647686
tier pard aaju,mam
9x.05686
99p56.86
unu Balances -ending
3 5.543,869.35
3 11639866
S 3'_,54476
310067.4.500
5 3.531.978]6
g 1289131565
S 32186,942.18
I 1 i 1 1 l 1 1 i i 1 1 1 i 1 1 11 1
Chi of cape Clinical
Reconciliation of the Statement of Revenues, Expenditures,
and Changes In Fund Balances of Governmental Funds to the Statement of Activities
For the Year Ended June 30. 2006
us' change in fund balames-notal governmental funds
(S 1,9]0.59154)
cmeunts reported for governmenlel gra lle¢ In the statement of activities
aro dnfomnt boomm e:
Capital assets used In governmental spewface are not
9,400,60526
financial resources and, therefore, are not reported In the
food,.
Long-term farbililies, Including bonds payable, are not due
1 100 950.50
and payable In the current period and therefore are not
reported in he 'units.
Imeman semce funds are used by management to charge
1339,4]9.77)
the cod's of management Information systems, fleet
management, employee herge benefits, workmen's
compensation, and equipment replacement to individual
funds
Chair long-term assets are not available to pay for current.
(04,939
21)
bound expenditures and, herefore are deferred in the
funds
Some expenses reported In the statement of activities do
(25,91121)
notrequireaddofcurrent res ces
rethe
gonane,
dedasfinancial
in
are net reponea as expeaitures in governmental
fund,re,
hnaa-
Change In net assets of governmental activities
E 8,092,648C3
1 1 1 1 1 If i 1 1 i 1 1 1 1 1 1 1 1
City of Cape Girardeau
Statement of Net Assets
proprietary Funds
For the
Year Ended June 30, 2006
Business -type Activities - Enterprise
Funds
Total
Gov -Activities
Proprietary
Internal Sers.
Sewer
Water
Solid Waste
Golf Course Softball Complex
Funds
Funds
ASSETS
Current assets:
Cash and cash equivalents
$ 77,257.36
S 40,44046
$ 56,760.23
S 9488.74 5
2,436.35
$ 180,383.14
S 144.195.84
I m'estments
1,549.72957
119129
1,022,817.02
6287816
72910.68
3,904,84542
2,956,258.70
utilities charges. net
385220.76
728,313.07
257,634.10
-
-
1,371,16793
-
Slacoalessessmems
124,04874
32.033.28
-
-
-
156,082.02
-
Other
-
228.29
419.99
9765
-
745.93
271,337.84
Notes receivable
-
_
-
-
-
614,228.97
Interest
1,679.20
3,62518
-
-
-
5,304.98
-
Grants
228,925.05
184,581.86
6.40500
-
-
419911,91
-
Inventory
-
193,107.85
-
4,980.35
7.27741
205,365.61
67,23529
I� Prepaid Items
237738.13
466,657.02
4467.79
477.99
-
709,340.93
15,043.76
Total Current assets'.
2.604,598
81
2.845.497.00
1,342,504.13
77,92349
82,62444
6.953.147.87
4,068,30040
Noncurrent assets.
Rest Cash and Cash Equivalents
5.410,54740
98.415.65
6.342.68
-
-
5.515
305,73
Rest Investments
665,26718
2,649,967.36
129,418.39
-
-
3,444,652.93
-
Advances to other funds
-
-
-
-
-
-
30,831.51
Land
49.750.00
-
112,239.55
-
-
161,989.55
37,50000
Buildings
8,078,346.00
174,311,63
1,050,456.93
143,80224
7,720.00
9,454,636,80
46,867.59
Equipment
2,963,82029
1782,108.37
1,824,34298
480,84106
121.00398
7,172.11668
4,361,00871
Gtder improvements
61,014,778.99
44 012,989
55
334,99545
575,556.09
33.599.65
105,971,919.73
157444.19
Construction In progress
5,351,657.80
728105.19
-
-
-
6,071,762.99
-
Accumulated depreciation
(22402,030.35)
(7,338,973.76)
(2273.174.75)
(833,366.98)
(133,90111)
(32,981.448.95)
(3.209,768-16)
Total Noncurrent assets:
61.132,137.31
42.098,923.99
1.184,621.23
366,83241
28,422.52
104,810.937.46
1,423,883.84
Total assets
S 63.736,736
12
$ 44,944,420.99
S 2.527,125.36
5 444,755.90 S
111,046.96
5 111 764.085.33
5 5492,184.24
Y I 1 1 1 1 Y 1 1 1 1 1 1 1 1 Y i 1
City of Cape Girardeau
Statement of Net Assets
Proprietary Funds
For the year Ended June 30, 2006
Business -type Activities - Enterprise Funds
Total Gov. Activities
Sewer
Water
Solid Waste
Golf Course
Softball Complex
Funds
Funds
LIABILITIES
Current liabilities:
Accounts payable
5 226.794.56
S 149,493.45
S 9],956.81
S 37.436.05
S 44.574.43
$ 556.255.30
$ 176.66523
Salaries and benefits payable
88,64643
2580.30
56274.91
2],194.62
33.327.89
208,024.15
48,58369
Interest payable
524,424.58
92660.56
1.696.50
-
618,781.64
102604
Other liabilities
241829.13
177,470.19
83,14711
4,725.10
-
507,171.53
75.95
Estimated claims payable
-
-
-
-
-
-
1,214.500.00
Cue to other governments
1,33747
26123.28
-
-
-
27.460.75
-
b� Payable to other funds
-
-
-
-
-
-
202,930.01
J Advances from cher funds
-
-
-
21,917.41
-
21.91741
-
NotesPavable
6,750.00
-
7.12500
-
-
13,875.00
9,750.00
Revenue hands payable
2.770,000.00
800.000.00
-
-
-
3,570
00(1
-
Specialshire bonds payable
86,77291
5521912
30.007.97
-
-
180,000-00
65A00-00
Total Current liabilities:
3,946555
08
1,303.54690
28420830
91,273.18
77,902.32
5,703.485.78
1,718,53092
Noncurrent liabilities:
Advances from other funds
-
-
620.00600
290,477.22
190,000.00
1,100,477
22
-
Notes Payable,
256,500.00
-
27075600
-
-
527250.00
180,375.00
Revenue bonds payable
29041481.29
6267602.21
-
-
35,309.083.50
-
Special abli5bonds payable
277.39624
17651869
121,51438
-
-
575429.31
291.615.24
Est landfill post rescue cost
-
-
72000.00
-
-
72000.00
-
Tetal Nun current liabilitles'.
--Z!9.575
377
53
6,444120.90
1084.264.38
290.477.22
190,00000
37.584240.03
471990.24
Total liabilities
33.521,932
61
7747.667.80
1,368.472.68
381,75¢.40
267.902.32
43 287,725.81
2.190.521.16
NET ASSETS
Invested In capital assets, net of related
22 921,153
81
32 518141
48
615.266.49
366,832.41
28.42252
56449,816
71
851.389
75
Restricted for debt service
-
1,066,666.667
-
-
-
1,066,666.67
-
Restricted fordepreciation and
127.000,00
940,000.00
-
-
-
1,067.000.00
-
RestrictedforemergencyOud
374.233.00
818,20300
40397600
-
-
1,59641200
-
Unrestricted
6,792416
70
1,853,742.04
139,410.19
(301826
91)
(185277-88)
8296,464.14
2450.273.33
Total net assets
3
1
5
2
—i --
5 (156855.36)
68476,35952
$ 3,301
663,08
Afire, 'if m reflect the come,Idatiun 6f internal
seroce fund activities
related
l6 enterprse
funds
net asseB 01 business
-type
actrvmes
(125.039.33)
S 68,351.320.19
I 1 1 1 1 1 1 1 1 1 1 i i i 1 1 1 1
City of Cape Girardeau
Statement of Revenues. Expenses. and Changes In Fund Net Assets
Proprietary Funds
For the Year Ended June 30. 2006
Total
GpaACLvites
Proofeary
Internal Service
Se,ef
Water
Solid Crash,
Golf Cfd
SOXCau Complex
Funds
Fonds
Cpemong reeenues.
Resdonoal chard,,
S 1,619.51058
S 3,089,736.01
5 104189237
$ -
5 -
_ 8.551.13976
5 -
Commeroalcharyes
994943.52
2,13]8282
27888.29
-
3.159,93563
-
Transfer stalonch rges
-
-
713,E7644
-
-
713.67644
-
Cmerfeesanddrarges
4673727
21308489
8807923
-
_
34253156
-
C—lesson revence=
-
-
78,16110
8285980
161 C20
-
Ecuipmemsales
-
-
-
9,0265C
7,40875
16.435.25
-
Inlernai6he'9ee
-
-
-
-
-
-
450787700
Usage set
-
413.515.11
63.28961
47880472
Miscellaneous
12816.75
10.159.08
33.90027
be 26
5.349.54
7012570
976.81
-al Operetin9--jes
2667,80812
5,45110740
2.7055149
50080197
15890770
11,491,639]5
4.toot d5361
Operate, expenses:
Pesernel servmes
1327,97599
110,52884
1147770.25
29368767
28'11431
3.161,077.06
69$08661
Moieties 8supplle,
368,80831
453,12509
107.134at
88580-08
100400
1.078,53194
44436751
Conl2cWal servces
166,10966
3.136.70223
948550-76
33694.11
34746.08
4319.902.84
3688,58883
10 Gemeral opeaun9 expenses
on Spenal finger-
50.313.92
206,300.84
191 221 12
10,99298
44.15466
62.35846
62,709.12
8555-62
55.333.90
4,090.13
403 732.72
292,38703
36.35194
-
intemalse,rvierexpendes
126,74586
43,21358
160,754.05
9'401.27
2746673
449.58229
226200
Semeraren
.81 MOR 52
1507.90875
174,43921
66.148.59
6.408,43
3 373689 53
425.01090
Total 90,413173 expenses
4.06292113
5.253.77259
2,645.2E268
644.77646
472,170.5813.07890341
5194,69979
Ope'eung Idea.,'lossl
11595.11298
204.034.81
63,25189
(14297449)
1313,26288)
(1,507.263.651
(785.84616)
Nonoperating re ,exn..es
ue s pep.
merywer�menal
16165055
391 Cat,
8,500.10
-
-
561,81551
-
veslmenlrevenue
216,65815
109.48178
37.174.61
65983
1 245 16
365210.53
119fall 30
Go n from sale of asset
102,290-99
63840
5.434.00
45125
-
1o0.fist 6d
429.31H.1C
Other into, operation rew_nue
15.60749
181-92
.671.05
-
-
-,7,560.46
2,81731
Impost art other charges
1787,521.17)
(4-5,36013)
(35 914
;1737105;
16,793.18
11262,961081
(1897478)
., cost mardbo0oc
(50,63527)
132150.17)
1174683
(84,83227)
(580 93i
Less Ypm sale of asset144,141
(
(144.141
(721204)
;expensed
i34204886j
5993212
15,39810
(182,69771
(5,548.02)
(29456351
6249,6096
Income loss) before contributions and
rensfers I 7371,61041
258 766 13
76.697.37
(160.24426)
(318.81090)
11.881,800CC)
126007722)
Contributed postal-connectfee
187 040 00
-
-
-
187045. CC
-
CCnOmutedeamlal-vee
-,31717-
25
1 17 443297
-
-
-
32961502
-
Contribulecapdal- government
-
623305617
62990.5.04
6
-
Cntnbutedcamlal-gents
'1nstar.',
1994.'2374
121 )CC Co
47]01.40
13525267
30755402
260511483
197.885.54
Trnnsles Cul
-
(477844C)
(4778440!
(292888.31)
Claude In net asse'S
3029319.35
2,3437969.54
75650.07
124391591
(-1.45688 )
5,11509049
-,355,879 99
Tols re, asse1--uY,do,
27,185484.16
3405070365
1D830C26
07,397.09
114539698
83.06'269 C3
3.645771.5',
for per on as nelmexl
11 771 -0
Total re: assets, -endno
5 30214,803.51
5 37196-319
S -,15865288
s 63005.50
(5 156,0`36)
5 68 476,359 52
5 3,80106300
AdlustTenls lC refect the consolidation
of Inlernal servme Emd ActivNes relaled
10 enterprise Inds-
11,6 40622)
Change,n net assets of business -type
activities.
S 53°8684.27
Y i 1 i 1 i 1 1 1 1 11 1 1 1 1 1 1 11
City or Cape Giradeau
Statement or Cash Flows
Proprietary Funds
For the Year Ended June 30, 2006
Business -type Activities - Enterprise Foods
Government
Total
Adds ties
Sotlball
Proprietary
Internal service
sewe
Water
Sand Waste
Golf Course
Complex
Funds
Funds
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts ad, customers
5 2 654 77203
5 5,525705.24
5 2,647603.60
3 501,17422
5 158,90770
4 11488,24287
5 98,623.05
Rece pis from Inledund sti
-
27,366.29
-
37,30029
4406.160 G5
Race or imo escrow recount
3z.006ao
_
32,009.90
-
Other reOeipis
-
97A el
Payments to suppliers
V6n4725O)
(377aI35)
r2 -7923A4)
1100,37116)
(143,659.10)
(6103,46695)
(lasatry 11)
Payments for solaces and benefits
(13073223a)
(111,60224)
1 141453 56)
(280,8571
(273,92128)
(3, 123.157Cat
(683 03)
PaymenLS (oi lntedund services used
!112,926 -661
(03,21158)
(160 ]5A 65)
03 .10)
11,965
14,60996)
(<Sa,B6965)
,062.00)
(7 102
Payments made in lieu Of franuhiss taxes
(135.74460)
-
-
-
(13574400)
-
RemlttanceOf taxes collected from customers
(15.167 ish
1172.503 24)
-
-
-
(187,67093)
_
N Net cash provided (used) by Operating activities
066,88244
1285,86175
15481 2
(72,01978)
----C292882061
L502680 a5
(79062 24)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Transfers from ON Sir funds
-
12p COp On
47784.40
135,65267
30],35402
610,99109
165,92954
Talons, to O the, rude
-
147784461
147Out 49)
(261J6&31)
Advance from other funds
-
-
-
-
-
-
202,03001
Ativanca repayment to Other funds
(26859457)
-
(130,00000;
(20861 31)
-
(439,25550)
-
Intereslpaidtootherfunds
(,685.46)
-
126.81521)
(17,371.851
A793.181
he66570
296 071
Net cash (used) by nOncapital financing
7296,080.031
120,00000
(156,81521)
9]81951
300.56094
65,285.11
7I,17777
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Proceeds from Capital debt
268150.19
7.125.1"223
20304743
-
-
7676574/5
19388403
Capital Conlpbutions
2a3.9. C8
41579154
3310.59
6630/221
-
PrincipelreceNedOnp,OmissOrynote
229.17685
2081.58
27,65132
-
-
259.51665
11,09783
Interest received on prOmissory note
20,0404
23520
241901
-
22 ra25
15,84525
Pmceads from sales of col I a saris
1,54660
no99001
5,43400
45125
-
0429.92
21,47890
Return Of earnest moody received In prior year
-
-
-
-
-
-
(50 000
PW4h ase of postal assdls
f575 758 26)
pY 77211
(91,00506)
aCHad
(763,4447)
(127011Tut
Aaguirsdan and COSSUnd un 0l capital assets
(362,]0697)
(533,50057)
(2D31,10 1
-
(1,16275931)
f155,dada 19)
Principal paid On Capital dent
(19a6.526 45)
10412.15139)
(43,02141)
(10295099 35)
(1a7 321
Interest paid on capital debt
1865,91807)
(400,367.14)
it, Co, 28)
-
_
ft,9299)
(19.47311
COs: of prepaying capital Cebl
-
(1362998)3629981
-
-
-
11362998 )
Transfer, In to r ran To l d"ooiGOns
-
-
-
-
-
4195690
7. nsfrrs In for payment Of capital related debt
194.12374
-
199412374
_
T anote, out for payment of capital related debt
-
-
_
_
_
_
I 1 Sod an
Net Cash bared) by Capital and related 5nanding
agimhes
1187Not 1 11
(1, rai 538.67)
/3940951
(364675)
(2782905CS)
(236,491 22)
I 1 1 1 1 1 i 1 L 1 1 1 1 1 i L Y i
City of Cape Girardeau
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30. 2006
BusinesstypeActivities- Enterprise Funds
GOvernmenl
Total
Actia.Les
Softball
Proprietary
tribunal Service
Gane
Said, 7c
J Na",ScfGou
Con
Funds
Funds
CASH FLOWS FROM INVESTING ACTIVITIES
c.,, Ire, "d
2[6.let [,
1443502x
415,1]52
75495
1 420 72
397J21,65
9x2959]
R F s ec.i.erl nr— le,fter funds
-
-
2E all
N I Vaud slne,IG
315,09171
2912[925
lc57761)
(16],1]91
10 077
545.33426
11742301
W¢Fasn cl c"n"",
1496In.111
1496740in
NI_ -,,h ,,,,j,tl ._mg.Jrv.1,
1 1 Gan 12
42560959
7'201
11559251/
18656M1
445. F1011
12290251
Net Increase ldc, aeo..i in jc 1 aid cash
eewcnlenlr
160062601
'l 167 321
,530629)
cllfl13
117111,
12.219311
/11541318
0 .,eg ring c1,"
1.137Ge16
'11IT, ca
6240921
29031
]11451
r 4249089d
TIT 99152
P ri,rn, oil rid,[ rierit
-
-
:1111,50
6 end cf aha91604]5
t 135.55611 5
11029"
0,1 9914
$ 243635
$ 5-6e566867
$
_
.19694
— Reco rclllall,n of operating Income (loss) to net cash
provided (used)
by operating activities=
Op,,1, roar,1]1'51
5'13051123
$ 2C483431 _
6125'89
5 114395149,
0 113¢62551
S 159229 F5)
S 0555,16111
An L[c.rty in o ncle. ripen
o to et
.,dlos J1 P. Ir9 o .'lies
oepleco on[,,ease
1 811 1M 12
126195915
1]1,15021
95(4559
64,641
33726599
x15010911
[bony— n —0, nm fim'me,
, r.,pp mr
c917291
'.I,lir 111
'1171?94.
fill 71
8139x6
Aso] 93a51)
592,61545
.
�...
re,P �Ipayade
In ,163
1266,1;6
1 141 11
131 AD
-
9291421
25546
S &
205965
1 171x i
621699
a 60003
1.11303
]1,99000
997278
C 1er eLi.a,ly
286a19k'.
(' 5C o01
1'3522931
(51951
-
1 . 218001
4379.35)
C1hi, empng recenatrts
-
-
-
-
12,19152051
I'in, rices
in, 1'.1,
29x2 c3
1153 Sal
15990
-
..472 d5)
1.15653
Ira Iwo.
-
2156621
r166IS,
11251.101
21. 1Z
11111 77)
N i]etl py L Jmi'. es
465 M1J2 x4
5 1295x61 f5 5
154939 a
T2�01O76r
i5 192552061
b 248349
S po9622al
I 1 l i i 1 1 1 i i i 1 1 1
City of Cape Girardeau
Statement of Net Assets
Fiduciary Funds
For the Year Ended June 30. 2006
Agency
Funds
ASSETS
Cash and rash equivalents
$
50,)44.1]
Investments
9]],385.69
Real estate taxes
13,660 58
Personal property taxes
3,55013
Other
2,19.24
Total assets
5
1,047 498 41
LIABILITIES
Accounts payable
$
79,23431
Salaries and benefits payable
12,388.5'.
Other Hairlines
955.875.59
Total Liabilities
$
1,04],498 41
City of Cape Girardeau, Missouri
NOTES "10 BASIC FINANCIAL. STATCML'NIS
.Iuttc 30,200o
NOTE A-SUMNIARY OF SIGNIFICANTACCOUNTING POLICIES
The City of Cape Girardeau, b1iss0111 i (the ('ity) operates under a charts; which went into effect April 12,
1982.'1 11c City operRies under a Council -Manager Corn of govsnment and provides the following services
as authorized by its chance public safety (police and fire), highways and streets, water, sanitation, health
and social services, culture -recreation, public improveincml, planning and zoning, and eeneral
administrative services.
'Pile tmancial statements of the City have been prepared in conformity with generally accepted accounting
principles ((jAAP), as applied to ,overnment units. The Governmental Accounting Standards Board
(GASB) is the accepted standard-setting body for establishing govsnnental accounting and financial
reporting principles. 'file more significant accounting policies of the City are described below.
1. RePortinp Entity
In evaluating how to define the City, for financial reporting purposes, management has considered all
potential component units. Generally, commponent units are legally separate organizations for which the
,. elected officials of the City are linancidlly accountable. The Cape (:rll'ardean(MlSsomrl) Public Facililics
Authority (C'GPFA) is a blended componcut unit of tlme City. For the year endcd.lunc30, 2006, theCGPFA
had no assets, liabilities, rcccnucs, of expenses.
Although not a eomponenl unit of the ('it), the City handles the funds ofand provides accounting and other
sCmCCs Ibr sevanl entities_ Since theme fiends ere held by the City, Ihesc entities arc chows us Agency
I unds in the financial statements.
2. Government -Wide and Fund Financial Statements
The govcmment-wide financial statements (ix., the statement of net assets and the statement of actio itics)
leport infolillarou oil all of the noufiduciary activities of the primarygovcmnment and its component units.
the cllcct of interlbnd activity has been renmove(l (iron these stales lents. Gom•ernnrc°nmol acli reties, which
normally arc suppmlcd by talcs and intergovcmnicnlxl revenues,ere reported separately l ium business-lrpc
w -Ill ftiee, which rely m it significant extent on fees and charges fix support.
The statement of activities demonstrates the degree to which the clued expenses of it given flection or
segment arc offset by program rcccnucs. Uirect eftpen.srs arc those that arc clearly identifiable mcith a
specific function or segineimt. P,og'mm revenues include 1) charges to customers or applicants who
purchase, use, or directly benefit fronm goods, scmces, or privileges provided by it given function or
segment and 2) grants and contributions that are ICstliCICd to meeting the operational or capital
reyuiremcros ora particular hmchou or segment. 'Dales and other items not properly included amore
pmemm Ilv'Cones ere rcportcd instead as general rerClllW%
City of -Cape Girardeau, Missouri
NO ES'1 O BASIC FINANCIAL S I ATF.MF.NTS
.lime 30, 2000
NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
2. Gocernmenl-Nide and Fund Financial Statements
Separate Financial statements are provided for govemumntal feuds, proprietary funds, turd liduciary Funds,
even though the latter arc CXClnded from the government -wide financial statements. Major iudi%idual
governmental funds and major individual enterprise funds are reported as separate columns in the feud
financial statcincnts.
3. Measurement Focus, [iasis of Accountin¢, and Financial Statement Presentation
The government -wide financial statements arc reported using the ecunonnc iesowrrs nrcust<remc nl favus
and the arrrual Iasis of acromraing, as arc the propri etary fund financial statements. Revenues arc recorded
when earned and expenses are recorded when a liability is incmTed, regardless ofthe liming of related cash
flows. Grants and similar items arc recognized as revenue as soon as all eligibility requirements imposed by
the prtrvirlcr have been Incl. With the economic nnsmuces mCaSLIICIIlemt Iocus, all assets and liabilities
associated with operations arc reflected in the statement of net assets.
Governmmiital Fund financial statements arc reported using the cm -ren[ /inanccial resources measureloelu
leas and the modified sonar/ Iasis of oefourlling Ulldel the modified accrual basis, rcvcnucs are
rccogniicd as soon as they arc both nhcasurablc and available. RCVCnWS arc considered to be aavflallC
when they arc collectible within the can cul period orsoon enough Ihcrcafler to pay liabilities of the current
licliod, I la IIIIS purpose, the City considers rcvcnucs to be available ifthcyarc collected within 30days of
the cnd of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as
under accrual accounting. however, debt service expenditures, as well as expenditures related to
compensated absences and claims andjudgments, arc recorded only when payment is due. Those rcvcnucs
susccptihle to uccnhuLhre properiytuacs, Ganchisc fuses, spaiul nsscssnhculs, liccits'cs, interest revonuc, and
charges fur scrvicca. Sales laxes CallecleLI and heMb V the state al year-end on bchal foflhe City, also al c
recognized as revenue. Fines and pernhit revenues are not susceptible to acamal because, generally, lhcyare
not nhcasurablc until ICCMCdIll cash, Willi thecunent financial resources measurement focus. only cunent
asaels and cunent liabilities arc generally included on the balance sheet.
The City reports the following major governmental funds:
The cncral foul is the City's primary operating Innd. It accounts fol all livancial resources of'thc
gancr<d government, eseept those Inquired to be accounted for in another fund.
The nigrorl turd accounts for the resources used in the operation and nmintenanceof municipal aihport
facilities.
The harks mel rerrealionJimd accounts Cor the resources used in the operntion ofpark and recreational
activities.
the onarporr,nion .adec lak mast // (Ind accounts for the receipt and expenditure of a capital
mprocement sales tax that I%as approved by voters for street construction and improvements.
The public I. If, 11 nu.a Fund accounts tier the receipt and espeud it IIIC nl a fire aides nus that was
approved by ,otet:s Inv public Intel% operating and capital expenditures.
City of Cape CiiI ardeau, Missouri
NO1 FS I O BASIC PDIANCIAL S'I AI hMI_'NTS
Junc 30.3006
NOTE A - SUNLNIABYOF SIGNIFICANT' ACCOUNTIM; POLICIES - Continued
3. Nfeosuiement Focus, Basis of Accounting, and Financial Statement Presentation -Continued
The Cily reports lila follosti'inp major propricWry funds:
The server /iotd accounts Cor the operation of the City's sewage treatment plant, sewage pumping
stations, and collection systems.
The mater Mind accounts for the operation ofthe City's water treatment plants and disu-ibution systems_
The solid music fund accounts for the operation of the City's residential solid waste and rccyclm,
... programs.
"Ihe golf/111111 accounts for the operation of the municipal golf course.
Tuc sollball comp/cc/Znrl accounts for the operation ofthe 0ly's softball complex, and and ulcnauce
of Ihe C'lly's succor, baseball, and softball bclds.
Additionally, the City reports the Collowing fund tvt>es.
Internal scrrfrefiuulc account for data processin„ Ilecl management, employee benefits', workmen's
compensation, and equipment Icas-ing provided to other deparlmcnls or agencies of the City, on a cost
rCimburscnIcat basis.
,,carr /nrdc account for the operations of the h1flaly, arena inipmV, ment committee, and parks
development founclauon.
Private -sector standards of accounting and financial reporting issued linea to December I, 1989, generally
are fol lowed in hoth the government -wide and proprietary fund financial statements to the extent that those
standards do not conflict kith or contradict guidance of the Govemnncntal Accounting Standards Board.
Goccnuncuts also have the option of follow agsubseoucnt primite -sector guidance for filial business -type
activities and enterprise funds. subject Io this same limitation. the( )(Vhas elected not to follow subseyu¢nt
private -sector Guidance.
As it general rale the cilia of interfund activity has been Chillinated lion the governmenbw ide financial
seatemmrils, f-,\ceptions to this ecneral rule arc paynicros-in-lieu of taxes and other charges hemecn the
City's enterprise function and various other functions of the government Flinimation of these charges
would distmY the direct costs and program revenues reported for the carious functions concerned.
Il is the City's pone}' to lust use restricted act assets prior to tIic use of uurestric tell nut assets when an
e\pensu is incurred for purposes Ibr which both restricted and unrestricted act assets arc avzilablc.
,4
CAN of Cape Gil itdeau, Missouri
NOTFS TO BASIC HNANCIAL STAT FNICN'IS
June 30, 2000
NOTE A-SUM1INIARY OF SIGNIFICAN" P ACCOUNTING POLICIES - Continued
3. Measui ement Focus, [iasis of Accounting, and Finmlcial Statement Presentation - Continued
Amounts reported as progrmn re]ennea include I) charges to et6(omets or applicants for goods, sen -ices, or
privileges provided, 2) operating grants and contributions. and 3) capital grants and conliihutions, including
apCC al a54C5SmentS. Internally dedicated resources are reported as geness rerenaes ratherthan as program
rerenucs. Likewise, general rcvcnucs include all taxes.
Proprietary funds distinguish opera(ing revenues and expenses from nonoperaring items. Operating
revenues and expenses gena -ally result Goin providing services and producing and delivering goods in
connection with n proprietary kind's lit ilie] pal ongoing operations. -the principal operating rcvcnucs Of the
City's enterprise funds and of the City's intcmal service funds arc charges to customers for sales and
services. Operating expenses for enterprise funds and intcmal service finds include the cost of sales and
services, administrative expenses, and depreciation on capital assets. All rcvcnucs and expettses not nnect-
ing this def-mition arc reported as nonoperating rcvcnucs and expenses.
4. Capital Assets
All capital assets with an original cost exceeding $5,000 arc recorded at historical cost ur estiunated
historical cost if actual historical cost is not available. Additions are recorded at cost or, if contributed
property- at their estimated Imr value at time of contribution. Repairs and maintenance arc recorded as
expenses; renewals and betterntenls are capilatircd. The sale or disposal of capital assets is recorded by
removing cost and accumulated dcprcciation and charging the resulting gain or loss to income.
Depreciation of all exhaustible capital assets is charged as an expense against operations hr proprietary
funds and a program cost ofgovenuuental activities in the statement ofactivities. Assets are reported net of
dcprcciation on proprietary limd and govcnnncnt-wide statement of net assets. Depreciation has been
provided over the estimated use00 lives using the straight-line method. The estimated useful lives are as
follows:
Buildings 25-50 years
Improvements 10-40 years
Equipment 3-10 years
,.
\% hell applicable, interest costs arc capilaliMl on Selrconstructed capital assets.
S. Encu III[)]mlccs
F IICLlrnhr'anCCs represent commitments related to i nperfomned contmcls fm- goods or services,
Encumbrance accounting is utilized in all lands. Fncumhrmces outstandine at the cnd ofthe year in the
uocenunental lands arc reported as reser-elions ul fund balances and do not constitute expenditures or
liabilities hecausc the comniitnrenis w111 be carried lonvanl and honored during the subsequenl Year.
FMnrSlhraneCa outstandinc in the proprietary lirnds do not constitute expenses but will be honored in the
subscqucut vcar. No msen ations of nct assets arc made for encumbrances outsmndine at the cnd of the
year on the prupriclan1111111 and govcrnnsnt-hide stalemmICt Of assets.
i5
Y It 1 1 i Y 1 Y 1 1 1 1 i i Y 1 1 i
City of Cape Girardeau
Reconciliation of the Balance Sheet of Governmental Funds
To the Statement of Net Assets
For the Year Ended June 30, 2006
Fund balances of governmental funds $ 32,186,942.18
Amounts reported for governmental activities in the statement of net assets
are different because:
Capital assets used In governmental activities are not financial resources and, 54,118,930.25
therefore, are not reported in the funds, net of accumulated deprecation of
$19,077,189.04
Long-term liabilities, Including bands payable, are not due and payable In the caught (32,660,895.93)
period and therefore are not reported in the funds.
Internal service funds are used by management to charge the costs of management 3,426,702.41
information systems, Fleet management, employee trope benefits, workmen's
compensation, and equipment replacement to individual funds.
Other long-term assets are not available to pay for current period expenditures and, 1,801,726.25
therefore are deferred in the funds.
Other accrued expenses which are not payable from current -period revenues
are included in governmental activities in the statement of net assets (1,436,763 43)
Net assets of governmental activities $ 57,436,641.73
City of Cape Girardeau, Missouri
NO"I-BS TO BASIC I'INANCIAI. STATF%i FNTS
.lane 30, 2006
NOTE A - SUMNUNRY OF SIGNIFICANT ACCOUNTING POVICIES- Continued
6. Inventories
lavcutorics cousisl primarily ofsupplics, valued at cost. The cost of inventories is recorded as expenditures
or expenses when consumed rather than when purchased.
7. Compensated Absences
Vested or accumulated vacation pay for proprietary funds is rccorded as an expense and liability of those
Funds as the benefits accrue to employees. Amounts of vested maccumulated vacation leave of
governmental funds arc reported in the Statement of Net Assets. Employees may accumulate up to 30 days
vacation, for which they are compensated upon termination or retircnhcut. Employees are not compensated
for accumulated sick leave upon termination, but arc compensated one hour for each hour of unused sick
+ leave upon retirement.
8. Bund Premiums, Discounts, and Issuance Costs
Ill governmental flmd types, bond discounts and issuance costs arc recognized in the cm icut period. Bond
discounts and issuance costs for proprietary fund types are deferred and amortized over the term of the
bonds_ Bond premiums and discounts arc presented as either increases or reductiops of the face amount of
bonds payable whereas issuance costs are rccorded as deferred charges. "rhe accounting treatment offend
premiums, discounts, and issuance costs used for gmentmrnllal activities in the government -wide
statements is the same as that used for proprietary funds.
9. Cash and Itnutments
The City maintains on internal investment pool Iia 'the majonty of its nun -restricted cash and investments
and a small portion of its restricted cash and investments. Iuvcshncut revenue is allocated to each fund
based on its avenge equity balance in the pool.
Cash incudes amounts in repurchase agrecnhents and other shod-Iemm investments with a maturity date
within three months of the dale of purchase.
fm cstmcnls, �\ ilh a mtaturity dale ofoneyeer or more ut the time ofpurchase, are recorded ut fait value All
other cash and investuhnas arc ccorded at cost or amortized cost.
111. Prepaid Items
P.ryments nwde to sendors for services that will henehl periods heyond .lune 3)0, 2000 aie recorded as
prepaid items.
36
City o]'Cap C Girardeau, Missouri
N011ls 10 BASIC' FINANCIAL S A ITMFN fS
Juno 10. 2000
N01 E A- SUMMARY OF SIGNIFICAN'P ACCOUNTING POLICIES - Continued
11. Restricted Assets
Certain proceeds Ofentell) rise fund revenue bonds, as well as certain resources set aside for the repaynsnt
of such bonds, are classified as restricted assets on the balance sheet because their use is limited by
applicable bond covenants. The "revenue hold _coil sit action' account is used to report Ihose proceeds of
revcaLie bond issuances that arc restricted for use in construe tion. The -revenue bond c un-ent debt service"
account is used to report resources set aside to make up potential fitful deficiencies in the revenue bond
cLill cot debt service account.
12. Long-term Obligations
Only that portion of longi term obligations expected to be nuanced Gom expendable available Financial
resources is reported as a fund liability of a governmental fund. Long-term liabilities expected to be
financed from proprietary fund operations arc accounted for in the appropriateproprietwy fund. Long-term
liabilities expected to be financed from governmental activities arcaccounted foo in the government -wide
statement of net assets.
11. Interf nid 'I t ansactions
Quasi -external transactions are accounted for as revenues, expenditures, or expenses. Transactions that
constitute rcinrbursemcnts to it fund fur cxpeudituresbxpcnscs initially node from it that are properly
applicable to another l und, arc lecorded as cxpcndilures/cxpcnscs in the reimbursing fund and as nxluctions
of expenditures/cxpcnscs in lite fund that is rcindmrsecl_
All other interlund transactions, except quasi -external Transactions and reimbursements, arc reported as
transfers. Only net transfers between governmental and business -type activities are reflected on the
g0A'Cr11mUllt-wide statement of actl N'Itles.
Id. Shunt -term interfund Receivables/Payables
Duning the course ofoperalions, numerous nansactions occur between individual Ilmds forgoods providnl
orscr%ices rendered. Thescrcccivables and payables are clussi fieri as"interfund receivables/payables"on
the governmental balance sheet and proprietary statement of net assets. Only net receivahlcs bcmcen
governmental and business -type activities arc reMcted as internal balances on the government-wldc
statement of net assets.
15. Advances to Other Funds
Nonntnrnt portions of Ione -tens interfund loan receivables and payables are reported as adkances in the
governmental balance sheet and proprietary stetcnteut of net assets. Fund hulances arc reserved on the
guvcmmental balance sheet for alterfund loan ILCCIv ablcs to indicate that they do not constitute c�pendahle
available financial resources and therefrne mental a� ailablc for appropriill ion. Only net long-tcnu iutelfund
.. loans bchccen gev'Cl'llll]CllWl and business -type activities are reflected as internal balances on the
uuccrnnnv t-tcidc stalcmcnt of ncl assets. Net assets arc not raserved for interfund Iran reccivables nn
proprietary and eo ccrnmeni-wide statements of uel asset,_
17
City of( 1pC Girardeau, Missouri
NO I FS 10 BASIC'. FINANCIAL STANEMENIS
June 30, 2000
NO FE A -SUN I IN] All N OF SIGNIFICANT ACCOUNTING POLICIES - Continued
16. Post-Lmplopment health Care Benefits
In addition to the pension henefits described in Note G, it is the City's policy to provide posnctircment
health care benefits to employees who retire front the City kith five or more years of service and vho arc
eligible for LAGERS retirement (Note G). Currently, forty-one employees meet those eligibility
requirements. the Cily provides health care coverage for them until age 65. 'the cost of retirees' health
care benefits is reco_nized as an expenditure as premiums arc paid. For the ycar ending June 30, 2000,
those costs totaled $133,104.
COBRA Benefits - Undcr the Consolidated Onmibus Budget Reconciliation Act (COBRA), the City
provides health care benefits to eligible former employees and eligible dependents. Certain requirements
arc outlined by the federal government for this coverage. The premium is paid in full by the insured on or
before the tenth (10th) day of the month for the actual month covered. This program is offered for a
durutiouof l3 monthsufterlhe tcrminaliondare. There is no associated cost tothe City under thisprogrnm,
and there were live participants in the program as ofJuuc 30, 2006.
17. Infrastructure
GASB SWtcment No. 34 permits local governments to defer rel roactive capitalization ofinlrtstntcture for
uptofuurycars. The Cl ly has elected this opt ion and has deferind cap ital ization of its streets i n h astruclurc.
Manetgemcnt is in the process of -assessing the impact that ufrastruclure capitalization will have on future
financial statements.
During, the year ended June 30, 2006 all infiasmuctnres completed during the fiscal ycar, including
projects started in it previous year, were recorded at their historical costs. All infristniclure completed
in precious fiscal years will be recomled no later than fiscal year ending June 30, 2007.
The City defines infrastructure as the basic physical assets that allow the City of function. the assets
include the street system, water system, sewer system. puna and recreation lords crud improvement system,
storm water system, and buildings combined with the site amenities such as parking mud landscaped areas
used by the C'ily in the conduct of its business.
3S
City of Cape Girardeau, Missouri
No,rES '1'0 BASIC FINANCIAL STATEMENTS
lune 10. 2006
NO'['E B - DEPOSITS AND IN5'ESTIINIENTS
The City maintains it cash and temporary cash invcsnnenl pool that is available for use by all Foods.
Bach Pond t�pc's poition of this pool is clisplayed on the combined statement of assets, liabilities, and
find balances arising from cash transactions as "Cash and Cash Equivalents" undercach fund's caption.
f lic deposits and investments held at )uric 30, 2006, and reported at fair value, are as follows:
Deposits:
Demand Deposits
.$ 1,659,183
hdlaust Bcamig Deposit Accounts
6,911605
I otal Deposits
$ 8,571,788
❑ Vestments:
Negotiable JnStrnnlenta
S 18,690,179
Federal Honor Loan Bank
10,511,866
Federal National Mortgagc Association
5,649,454
Federal home Loan Mortgagc Corporation
1,975,695
IJS lhasmy Noic
255,117
Total hINcStrocllts
$37,031311
- Total Deposits and Investments
$45,654,099
Reconciliation to Statement of Net Assets:
Cash and Cash E(Juiv alcuts
$ 8,521,044
Inccstmcros
36.104,925
Agency Fund Cash
50,744
Agency Fund Investments
977,386
45.654.099
As Of Jane 30, 2006, the City had the following investments:
_ Incestmmlit Maturities Fair Value
Negotiable htstnnnents 117;0521106-06%302011 $18,690,179
Federal I lomc 1 elan Bank 071172006 12130'2009 10,511,866
y Federal National Mortgagc Assoc 11,170006 02/13200') 5,649,454
Federal I lome Loan Mortgage Corp. 01; 30'2007 — 08,22;2008 1,975,095
LS IIeusun Note I I;IS 006 255,117
Total $37,082,3 11
I uslodwl Credit Risk:
Dcposilc in 0nancial institutions, reported as components of cash, cash cyuicalenls, and in vestments,
had a bank balaucc of 58,861J?79 at Junc 3Q 2006, that was fully insured bV depositor} insurance or
secured kith collateral held 6l' the Cilds agents in its name. Allinceshnenls, cvidenccdbv indMdmd
1CCILatics, are registered in the name ofthe Cih.
119
_ CiIy of Capc Girardeau, Missouri
NOTES 10 BASIC' HNAN( IAL STAT EMIiNTS
.lune 30, 2006
NO'I E B - DEPOSI'T'S AND INVESTMENTS - Continued
Investment Interest Rate Risk
I lie City's investment policy states that "Market price volatility shall be controlled by matching the
City's investntenls with anticipated cash flow rcyuirenteuls. The City will not directly invest in
securities maturing more than seven yeas.- 'I he maturities of investments held at June 30, 2006 are
provided above.
Investment ('relit Risk
The City has an investment policy that linins its investment choices as follows:
a. Direct oh l igations of the U.S. Governnnent, its agencies and instill III Ialit ICS to which
., the full faith and credit of the U.S. Government is pledged, or obligations to the
payment of which the fill faith aid credit of the State is pledged;
.. b. Certificates of deposit or savinl's accounts that are either insured or secured with
acceptablecollateral with in-state financial instiloll ons, and fully insured eerti Gcates of
deposit or savings accounts in out-of-state financial institutions;
C, Repurchase agreculcuts collalciahzcd by scourities listed III (a.) above, documented bye
written agreomatt, fully collateralized by delivery to an independent third party
custodian, and arc marked -to -market;
d. Moncy nmrketnwtual Ilmds mhoseportfohiconsislsof the foregoing instruniuots,aud,
C, Other prudent investment instnimenls approved prior to purchase by a two-thirds
majority M the City Council. Bond proceeds may be invested as allowed in the bond
indcnturc.
Concentration of Investment Credit Risk
The Citv places no limit on the annoant it nnay incest in anyone issuer. At Junc30, 2006. the Citvhad
no conceth-ation of credit risk.
au
Cityol Cape Girardeau, Missouri
NU 1 hS TO BASIC FINANCIAL STATEMENTS
June 30 2006
NOTEC- PROPER1' Y' I' AXES
Property taxes attach as an entorceable lieu on property as oUantimy I. Taxes were levied on ALLast 15,
2005, for collection dulling this fiscal )Cal and 5vure duc on orbcfoic December 31. Most of the taxes are
collected in Novembermd December. The tax rates assessed at the time were is follows:
General RCVeilue $ 3135/100.00 assessed valuation
PUNIC Health .0587/100.00 assessed valuation
Special Business District .7576/100.00 assessed valuation
42 (Ad Valorem)
Property las receivable balances as of Juae 30, 2006 are as follows:
Special
General Business Public Debt
Revclme District Health Service Total
Current property tax 532,678 $1,201 $ 6,118 $ - $39,997
Delinquent property tax 9,200 - 1,723 880 11,803
Rescnc for duubtlul
Property taxes (5,391) - (1,571) (S6 _](028)
Net property lox icccivablc $33,487 $1. 2o1 $ 6,270 $ 14 $40,972
NO'I'V H- CHANGES IN CAPITAL ASSE;I'S
A sununaly of thecapital assets for gocenunental activities included on thegovemment-wide statement of
net activity for the year ended June 30, 2000 is as follows:
1lAw"c Acemnulaled liulvnce
July I. 2005 AdQilions U9�uelimis Ucprcamlon lune 10 2006
Loud R' 4.439,833 4 467906 5 11:h3.49 C - $ 4y19,502
13uilh"L, 10,328,554 318.022 456.705 202,744 2987,127
........ IP, Wli ,
O cm buildings 6997,3<.1 456.227 116.85 381,741 69GL115
I quipmcnl 2.8-1 i'990 3-0129,036 421,801 47 U99 5006,946
n6rennrm,e 19,009-1136 7984,889 - 8-1.129 _5361,296
• Caiutruc t,oa iu p,oeress 2.878 089 206,700 20,793 - 1W,1)1)6
I"I'd a urml litnl sols $445 7,4118 511,A63 400 $ 1,034,113 S. 1,894,512, 9_5711,982
41
City of Cape Girmdeau, Missouri
NOTTS TO BASIC FINANCIAL. STATEMENTS
J unc 30, 2006
NOTE D - CHANGES IN CAPITAL. ASSETS - Continued
Additions and deletions to the Enterprise Funds for the fiscal year2000 wac $6,942,429 and $1,540,218
raspcctivcly. Additions and dcictions to the Internal Service FundS were 5274,844 and $868,263
respectively.
A summary of the proprietary fund type capital assets included on the proprietary fund statement of net
assets for the year ended June 30, 2006 is as follows:
Enterprise Internal
Fund Service Fund
Land S 161,990 S 37,500
Buildings 9,454,637 46,867
Improvements other than building 105,971,920 157,444
Equipment 7,172,117 4,361,009
Construction in Progress _ 0,071,703 -
5128,832,427 $ 4,602,820
Less: uccumulatcd dcprcciution -,2,981,447 3,209,768
$ 95,850,980 $ 1,393,052
Depreciation expense was charged to functions as follows in the Statement of Activitics:
Govemntental Activities:
Administrative $ 360,585
Development Services 12,274
Parks and Rccrcation 340,344
Public Safety 400,880
Public Works 1106,495
"total $2,2205 78
Rusin _ss-I'ypc,Activitics:
GoIfCOUISC S 66,149
sewer 1,81S,707
Softball Complex 6,406
Solid Waste 174,439
y Water 1,307,9S1
Total 53,373,690
4,
41
City of Cape Uinlydc.nl, Missouri
NOI ES
TO BASIC PINAN('IAL
STA'I ENILN'IS
Junc 30,
2006
y
NOTE E- LONG- I ER11 OBLIGATIONS
The folloxving is n sununaryofchanges
in the longterm
debt included
on the Cit) 'S slellclnenl of n0l ISWIS
for the year ended June 30, 2006.
e11��..ed n11em
Oor enu11en nd
Other
Rece11uc
Paid Otter
Aetiriocs
DuhL
Bonds
mice Gnecrnmcnl., 'local
Debi pu1A1e July L?(1o5
$ 13_15630 $
_21282719 S
807.323 S 80,91-1 A35,416,589
P 1111uum anmrGr.uion
(6.2111
I1173)
- - 19.1841
Io"'d
I165S i-,II
)(m)
- f17.I1P_1 (2.545,6711
lddltin11e
1,445,0100
-
_ A,51X _ _1:449,545
Debt 1yah lc 1(1003(1,'006
$ 13,025,848 S
20,409,346 S
811,871 $ 63,815 534,310,8 SU
'OWci Dub( 1 I, Vums 1'v, l I , 5,1111(1(
Obll, Yon Bu11ds. L-
oW Kmcme [31111d',
.1111( f -t1e of Puri ipufion.
Special
Business-type
Obligation
RcVCIInC
Activities
Bonds
Bonds
Ictal
Bonds payehle at
.1uly I, 2005
$ 936,760
$41.453,189
$42.389.949
Discount Pra„inn,
Amortization
(11.331)
18,040
7,309
Accumulated hlterest
-0-
678,668
678,008
Bonds Retired
(tS3,875)
(10,547,524)
(10,731,399)
Bonds Issued
555,000
7,270,1 11
7,831.11 1
Boody payablc at
11111030,2006
$1,296,5x4
$3KS79084
540,175,638
Bonds pnvable lotgovummental
and business-type
aetiNitics at Junc
30, 2000 al'e comprised of the
10110AClllg IndlA'Idual Isquc,.
41
City 01 Cape Gilaidean, Missouri
NOTES TO BASIC PJNANCIAL S"I'ATEMENTS
J unc 30, 2006
NOTE E -LONG TER31 OBLIGA170NS - Continued
SI,S30,000 Spcciu l ObI iga0on RdUllding and Jmproycmcut Bonds Scrics2002
Year Ending
Interest
Principal
Interest
.luoe30
Rate
Due
Due
'Total
2007
4.50%
5 335,000
S 70,093
$ 405.093
2008
4.50
340,000
54,905
394,905
2009
3.75
350.000
39.380
389,380
2010
4.00
340,000
25,130
365,130
201 1
400
155,000
15,655
170,655
2012
4.10
155,000
9,455
164,455
2013
4.10
_ 155,000
3,177
158 177
51,830,000
$217,795
52,047,795
y Principal payments are made annually on October I, and 111let est payments arc nwdc semi .mnually on
October I and April I.
On October 22, 2002 11 Cily of Cape Gifafdcau issued $3,125,000 of Special Obligation Reunding and
Improvement Bonds Scrics 2002 kith interest rates vaiying from 3.00% to 450% The bonds arc special
obligations of the City payable solely from the income and revenues provided for the year plus any
unencumbered balances lion prior years.
I he bonds were issued by the City for the PUIp0SC ofprociding funds to (a) pay the costs oCrefunding the
Building and Equipmau Lcasdrold Refunding and Improvcnicut Rcvcnuc Bunds, Series 1993, issued att
behalf of the C ity by the ('ape Girardeau Public I acilitics Autitority and outstanding in thepi mcipal amount
of %1,085 000, (b) pav the costs of refunding the Certificates of Participation (Capital hillamcmmills
Projects), Series I994A, issued on behalfof the City by the Cape Girardeau Public Facilities Authority and
outstanding in the principal amount of3I,2,5,000and prepaying the leasehold interest represented thercbv,
(c) pay the costs of conshlicting cerleiu street improvements within the City, and (d) pay the costs of
issuing the Bonds, under the au 11011ty of and in full compliancewith tile City's Charter and the Couslitution
and laws of the stale nl Missouri, and pursuant to an ordinance duly passed (the "Oolinancu") and
proceedings duly and legally had by the goccrning hods of the City.
The outstanding bond liability forUte Special Obligation Refunclina and lmprooemeut Bonds Series 20(12 is
allucatnl ua follows: SL08i,009for(imciuniellAactiv ities and 5745,000 for Business-lypc aehylticS.
44
City of Caipc Girardeau, Missouri
NOTES TO BASW FINANCIAL STAT LNIENI'S
June 30,2006
NOTE E - LONG-TERM OBLIGATIONS - Continued
Watemorks Siem Ref iuxling_Rc_cenue Bonds Series 1995
$8,170,000 minimiuP balance of these bonds was paid off March 1, 2006 using piroccals Trow b\ ater
System RCllnldlnP RO Mile Bonds issued in January 2006.
W atom orks System Refundmu, Rccenuc Bonds Set ics 2006A duc as 10110\% s
Year Ending Interest Principal Interest
June 30, Rate Duc Due Total
2007 3.50% $ 800,000 4 270,588 .51,070,588
2008 3.75 825,000 242,588 1,067,588
2009 3.75 860,000 211,650 1,071,650
2010 4.00 890,000 179,400 1,069,400
2011 4.00 925,000 142,800 1,068,800
2012 4.00 965,000 106,800 1,071,800
2013 4.00 1,705 000 _ 68,200 1,773 200
$6,970,000 $.1,223,0.26 y 8,193,026
Principal payments arc made annually on March 1, and interest payments arc made semi-aI1mI511V on
March I and September I.
On January 3, 2006 the City issued $7,160,000 of Watcnvorks System Refunding Revenue Bonds Scrics
2000A whh interest rales varying from 3.5'%, to 4.0',6. 91ie bonds arc special limited obligations ofthcCity
payable solely from the net income and revenues derived by the Cite f om the operation of the Waterworks
System after payment o1costs of operation and muintcuaucc
Tbc bonds wa'c; issued (u provide the City kith remsininP lands need to retire SS. 170,000 principal anwuut
of Waterworks System Refunding Revenue Bonds, Scrics 1995-
45
City of Cape GItaIdean, MISSOUII
NOTES TO BASIC FINANCIAL ST'ATBMhN"I'S
June 30, 2006
NO FF F - LONG -PERM OBLIGATIONS - Continued
$. 1,385,000 Sewerage Syslein_ Revenue Bonds mate Recohing Fund Pro m ml Scrics 1991 due as
follows:
fear Ending
Interest
Principal
Interest
June30
Rate
Due
Due
Total
2007
6.875%
S 135,000
$ 95,219
S 230,219
2008
6.875
145,000
85,937
230,937
2009
6.875
155,000
75,969
230,969
2010
6.875
165,000
65,312
230,312
2011
6.875
175,000
53,969
228,969
2012
6.875
190,000
41,937
231,937
2013
6.875
205,000
28,875
233,875
2011
6.875
215 000
14 781
229,781
$1.,lo,000
$461 999
$1,846,999
7 bese bonds ore doled llecen ober 1, 1991. 'hhe proceeds of the bond issue were used to extend and improve
the existing sewerage t;tcililics serving the City.
Principal payments are made annually on lune I, and interest payments arc made semi annually on Junc I
and December I.
The intcrest due on the Scrics 1991 Scwcr Systau Rcvcuue Bonds is subsidized by interest earnings on a
rescrvc lino held by the bond issue s trustee As the City is reimbursed for savor projcct eepcndilures from
the construction funds held by the tntstec, the Slate of Missouri Deparlmonl of Natural Resources deposits
an allmuut equal to approximately 51 .9f17 ,, of the neimbwsentent into the reserve fetid- "Ilie ma.xinwnt
amount of funds that will he advanced to the rescrvc fund will be S 1.250,1100. As bonds arc inbred 50 v of
the amount of bonds retired will he glaid to the Slate of Missowi Department of Natural Resources out of
the rescrce fund. The balance of the reserve hind at June 307, 2006 was 5092,500. The reserve fund yields
6.71 L.
Uuring the fiscal veer -end Junc 30, 2001, certain bonds originally issued by the State Lmironmental
Improvemenl and I -anergy Resources Authority as part of the Stale Revoking Fund Program were refunded.
.. Annual debt semce savings resulting from this transaction arc to he used to offset City debt scrcicc
payments dim oil Scrics 1991 Bonds. During [lie fiscal year ended June 30, 2006, City inter est expense was
reduced by 521_933 ns a resull of This transaction. Over the remaining life of these bonds. the CiK will
�. receive act present N glue benefits of split m ullatch SI I II,900 from this Inmsactloll
-
40
'Ihesc bunds are dated August I, 1993. The proceeds of the bond issue were used to extend and improve
the existing sewerage facilities serving the City.
Priuclpal paymmIIts arc made lilt] uallyon March I, and interest payments arc made semi-annually on March
I and September I.
The intcrest duc on the Series 1993 Sewer System Revenue Bonds is subsidized by interest eamin4s on a
reserve Ilmd held by the bond issue's trustee. As the City is reimbursed for sewer project cq)enditures Guns
the construction funds held by the lnistcc, the Stalcof Missouri kparlment of Natural Resources deposits
an amount cyual to approximately 7W of the reimbursement into the reserve fund. The maximum amount
of funds that kill be advanced to the reserve fhnd will be $350,000. As bonds arc retired, 7Wl, of the
amount of bonds retired will be repaid to the State of ,Missouri Department of Natm-al Resources out of the
reserac fund. The balance of the cscrcc fund at June 30. 2000 was 5199,500. the reserve fund yields
5.15,•.,,
47
City Of( al)C Girardeau, MISSOmI
N011 S l0 BASIC' FINANC'IAI. S"I A I I-:MLN"I'S
Junc 30, 2006
NO'I E E - LONGA LI M OBLIGA I IONS - Continued
$ 2X5,000 Scwera,c System Revenue Bonds (State Revolving fnmd Pro,mm)
Serics 1993 duc as follows:
Year Ending
Interest Principal
Interest
title 30
Rate Due
Due
Total
.I
2007
5.100'h, $ 25,000
S 14,582
5 39,582
2008
5.200 27,000
13,242
40,242
2009
5.250 28,000
11,815
39,805
2010
5.400 30,000
10,260
40,260
2011
5AO0 31,000
8,611
39,613
2012
5.400 33,000
6,885
39,885
2013
5 400 35,000
5,049
40,049
2014
5400 37,000
3,106
40,106
2015
5.400 ..._39,000
1,053
40,053
$285,090
$74,595
$359,595
'Ihesc bunds are dated August I, 1993. The proceeds of the bond issue were used to extend and improve
the existing sewerage facilities serving the City.
Priuclpal paymmIIts arc made lilt] uallyon March I, and interest payments arc made semi-annually on March
I and September I.
The intcrest duc on the Series 1993 Sewer System Revenue Bonds is subsidized by interest eamin4s on a
reserve Ilmd held by the bond issue's trustee. As the City is reimbursed for sewer project cq)enditures Guns
the construction funds held by the lnistcc, the Stalcof Missouri kparlment of Natural Resources deposits
an amount cyual to approximately 7W of the reimbursement into the reserve fund. The maximum amount
of funds that kill be advanced to the reserve fhnd will be $350,000. As bonds arc retired, 7Wl, of the
amount of bonds retired will be repaid to the State of ,Missouri Department of Natm-al Resources out of the
reserac fund. The balance of the cscrcc fund at June 30. 2000 was 5199,500. the reserve fund yields
5.15,•.,,
47
_ City of Cape Girardeau, Missouri
NUIFS 1013ASIC PINANCIALSTATEMfiN"IS
Juuc 30, 2000
NOTE E - LONG -I ERNI OBLIGAI'IONS - Continued
S5,86797n1b,1ter Pollution Control Revenue Bonds Statc Rew1% me Fund Pro9�am Series 19951) dueas
follows.
Year Ending
Intoes(
Principal
Interest
Iune30,
Rate
Due
Due
'Total
2007
5750
S 937,566
$ 862,434
51,800.000
2008
5,850
943,267
996,733
1040,000
2009
5950
946,770
1,143;130
2090.000
2010
6850
722,409
992,591
1,715,000
2011
6.100
413,574
636,426
1,050,000
2012
6.150
380.828
654,172
1,035,000
2013
6.150
354,978
670,022
1,025,000
2014
6.200
326,281
683,719
1,010,000
2015
6.200
303,920
696,080
1,000,000
2016
6.250
278,844
706,156
985,000
2017
6.250
259,535
715,465
975,00(
$5,807,972 5.8,757,028 $14,625,000
These bonds am dated June I, 1995. 'Ihe proceeds Of the hoed issue were used for the exlensio❑ and
improvement ofthe existing sm eragc syslcm serving the City.
Principal and interest payments al e. made annually ou January I bcgiuning in 1998.
_ The interest due on the Set ics 1995 1) Water Pollution Control Revcnue Bonds is suhsidized by interest
eamin1�s on a reservc fund held by the bond issue's trustee. As the City is reimbursed IN scacer project
expenditures from the construction funds, the Slate of Missouri Department of Natural Resources deposits
an amount equal to 70°-6 of the disbm_sement into the reservc fund. The Maximum anwunt of funds that
will be advanced to the reserve Fund will be 70`7. of the principal amount less the original issue discount.
As bonds arc relived 70",,, of amount of bonds retired kill be repaid to the Slate OfMissauri Dcpartmcan
„ of Natural RCBOnreeY out of the rcsen-c and. The bulaucc of file reservc luud at June 30, 2006 leas
54,107.580the rescrce fund yields 5.83"4,.
48
City ol'Cupc Ghardcuu, Missouri
NO I ES TO BASIC]; INA NUIAL SI'A I LMEN IS
June 30, 2006
NO'1'F; F: - I,ONG=I'FIRM OBLIGATIONS -Continued
$ 10525,000 Seweraec S stem Re enue Bonds IS tate RevoINing Fund Pto,gram Scrics 1996 duc as
follows:
Year Gndin"
lnterest
Principal
Interest
June 30,
Rate
Due
Duc
total
2007
5.3501,
$ 690,000
$ 609,784
$ 1,299,784
zoos
5.500
700,000
572,809
1,272,869
2009
5.600
715,000
534,369
1,249,369
2010
5-700
730,000
494,329
7,224,329
2011
5.875
745,000
452,719
1,197,719
2012
5.875
7(15,000
408,950
1,173,950
2013
5.875
780,000
364,006
1,144,006
2014
5.875
800,000
318,181
1,118,181
2015
5.875
X75,000
271,181
1,146,181
2016
5.900
895,000
219,775
1,114,775
2017
5.900
920,000
166,970
1,08 0,970
2018
5,900
945,000
112,690
1,057,690
" 2019
5.900
965,000
56,935
_ 1,021,935
$10,525,000
$4,582,758
_ 15,107,75 8
I hesc bonds aro dated ,lune I, 1996. the proceeds of the bold issue wcrc used Cor the extension and
improvement of the existing sewciage systum serving the City.
Principal payments are made annually oilJanuary L Interest is paid semi-annually on January I and Juh 1
beginning in 1997.
The interest duc on theSet ic, 1996 Scwcralc System Revenue Bonds is subsidized by intern>cL e:rmings on
a rescrve fund held by the bond issue's trustee. As the City is reimbursed for sewer project expenditures
Gone the construction Iluuls, the State of Missouri Department of Natural RCSUureeb deposits an amount
equal to 70"., of the dishmscnicnt into the rescrve Ilunl. "I he maximum amount of fund, that will be
advanced to the reserve kill be $9,474,500. As bonds arc retired, 7W,0 of the amount of bonds retired will
be repaid to the DepmYment of NaWral Resources out of the reserve fund. I he balance of the rescue fund
at June 30, 2006 ryas S7.1671,500, l lie rescn c Land yields 5.70%.
49
City of Cape Girardeau, Missouri
NOI LS 1'0 BASIC PINANC1Al. STA I'EMEN N
June 311, 2006
NOTE E - LONG-TERM OBLIGATIONS - Continued
During the fiscal year ended June 30, 2001, certain bonds originally issued by the State Ptivimnmmrital
Impincem Cnt and C.nerey Resources Authority as part o f the State Revolving Pund ProD am were refunded.
Annual debt service savings resulting from this transaction arc to be used to offset City debt service
payments due on Series 1996 Bonds. During the fiscal year ended June 3f1, 2006, City interest expense (vas
reduced by S15,743 as a result of this transaction. Over the remaining life of these bunds, the City will
receive net present value I)CnCl115 of approximately $170,650 loom this Irans'action.
S 8.290 000 Scavcmvc System Rcvcai Bonds SL uc Revolving I Land Progam) Series 2000 due as
follows:
Year P.ndmg Interest Principal Inions(
June 30 Rate Due Due "notal
$5,200,000 $4,990,581 $13,190,581
These hoods are dated No,cntber I, 2000 The proceeds of the hoed issue will be used to extend and
improve the existing se�range facilities sewing the City.
Principal payments arc made annuallyon Jul} 1, and i]It crrst pa%mcuts enc nIade setIII-annually on July 1
,. and Jamlal I.
Sii
2007
4.500'%
S 120,000
S 438,355
$ 558,355
2008
4.500
130,1100
432,730
562,730
2001)
4.600
145,000
426,470
571,470
2()1()
4.625
165,000
411019
584,319
2011
4.700
85,000
411,156
596,156
2012
5500
215,000
400,896
(,15,890
2013
5.500
230,000
388,659
618,659
2014
5.000
2517,000
376,084
626,084
2015
5.625
275,000
302,099
637,099
2016
5.625
475,000
341,006
816,006
2017
5.625
555,000
312,037
867,037
2018
5.300
590,1100
280,793
870,793
20 P)
5.400
1,590,000
222,228
1,812,228
2020
5.450
1,655,000
134,199
1,789,199
_
2021
5500
1,620,000
44,550
1,664,550
$5,200,000 $4,990,581 $13,190,581
These hoods are dated No,cntber I, 2000 The proceeds of the hoed issue will be used to extend and
improve the existing se�range facilities sewing the City.
Principal payments arc made annuallyon Jul} 1, and i]It crrst pa%mcuts enc nIade setIII-annually on July 1
,. and Jamlal I.
Sii
C'ilyol Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL S I ATLMENTS
June 30, 2006
NOTE E - LONG -"FERN{ OBLIGATIONS - Continued
_ The interest duc on the Series 2000, Sewer System Revenue Bonds is subsidized by interest earnings 011,1
reserve fund held by l he bond issue's trustee. AstheCityisrcimbursedforsewerproiectexpenditwesfrom
the construction funds held by the tnlstee, the State ofNIissouri Dcpnrlmanl of Naturil Resources deposits
an anunuri cyuul to approximately 70 % ollhe reimbulseulcut into the resenc loud. The maxiuuun amount
of funds that will be advanced to the rescrvc fund will be $5,848.500. As bonds arc retired 70% of tllc
amount of -bonds retired will be repaid to the Statc of Missouri Department of Natural Resources out ofthe
,. rescrvc fund. The balance of the rescrvc fund at .Ione 30, 2006 was $5,419,675. The reserve fund yields
5J00,
$20,400,000 $7,875,032 $28,275,032
These bonds arc dated December I, 1998. The proceeds of the bond issue will be used for the ezicnsiorl
_ and improccmcnls to the N,alerworks system_
Principal payments at made annually on .January I. In(erest is paid semi-Wnnuallyon lemlary I and 11th I
beginning on July L 1999.
$20,240,000 Waterworks Syslem
Revenue Bonds (Stale Revolvin, Fund Program) Series 1998 (fuc as
follows:
}ear l511dlllg
Intuicst
Pl'incipal
Interest
)Ilne"O
Rale
Duc
I)uc
local
2007
4.100'7,,
$ 920,0011
$ 990.195
$ L910,I95
2008
4,200
1000,000
952,475
1,952,475
2009
4.300
1,025,000
910,475
1935,475
2010
4.375
1,080,000
866,400
1,946,400
2011
5,250
1,It0,000
819,150
1,929,150
2012
5.250
1,215,000
7611,875
1,975,875
2013
5.250
1,300,000
697,087
1997,087
2014
5.250
2,350,000
628,818
2,978,838
_
2015
5.250
2,445,000
505,462
2,950,462
2016
5.250
2,550,000
377,100
2,927,100
2017
4.500
2,655,000
243,225
2,898,225
y
2018
4.500
2,750,000
_ 123,750
2,873,750
$20,400,000 $7,875,032 $28,275,032
These bonds arc dated December I, 1998. The proceeds of the bond issue will be used for the ezicnsiorl
_ and improccmcnls to the N,alerworks system_
Principal payments at made annually on .January I. In(erest is paid semi-Wnnuallyon lemlary I and 11th I
beginning on July L 1999.
City ofCspe Girardeau, Missouri
NOTES TO BASIC FINANCIAL. S I A'IEMENIS
June 30, 2006
NO1 E F- LONG- FERNI 011 Ll GATlONS- Continued
'Ihe interest duc on the Series 1998 Waterworks System RCV oLIC Bonds is subsidized by interest earnings
on a rescrvc fund held by the bmtd issues trustee. As the City is reinmbursed for watcitvorks system
c.ependilures Crum the construction funds, the Depurtmentof'Natural Resources deposits mm ainountequal to
33-4194 ofthc disburscutcart into the resetvc fund. The maximum amount of funds that will be advanced to
Lhcresmec killbc58,517,235. Asbondsarcpaidoff,33-4Pi, of the amount of bonds retired will be repaid
to the Depmiment o f Natural Resources out o f Ihe reserve f und. The balance of the reserve fund atJuue 30.
2006 was $5,748,987. "rhe rescrvc fund yields 4.719,..
S 172_000.City oCC'ape Girardcnu,Mtsspuri Lease l'w chase Aercemenl dated lune l7 1999 due as follows:
Fear L'nding
Interest
Principal
hlie rC's t
Jane 30,
Rale
Due
Due
Total
2007
5_000941
$ 31,000
S 8,600
$ 39,600
2008
5.000
33,000
7,050
40,050
30119
5.000
34,000
5,400
39,400
2010
5,000
36,0110
3.700
39,700
2011
5J)oo
33,000
1,900
39,900
$172,000 $26,650 $J 98,o5o
"l lie lease agrecnmenl is the obligati on of the City o f Cape Girardealt, Missouri. Principal and interest Will
Ile paid by (lie City Flom proceeds of the site lease and the lease agreement. fhe purpose oFlhc lease
ugrccmcnt wasto (1) rdtabilitatc and otherwise inmprox c the A_ C,Brase Arcna Builclinv, attd (2) acquire a
building at (lie Cape Girardeau Repional Airport known as the"Lipp's Hangar"'.
Pri lie pal payments are nwdc annually on Apt ll, and inter est payllMts me made senmi-ann nal ly on Apri 11
and October I.
City of Cape Girardeau Promissory Note dated Maich 1.2005
The 549 1 00o promissory note teas an obli cation of -the City of Cape Girardeau,Missouri. the purpose of
the note Dais to rckliance a Icasc purchase agreement dated Murch 31, 2000 for the purchase of
approsimatcly 13 acres in tho south central porLlon nl (he Cily fur Ihe Puhlic Works Depar6nent. This itotc
tvas repaid during the current fiscal year.
52
City of Cape O1loldcau, Missouri
NO'II�S TO BASIC FINANC IALSI APEVEN "IS
lune 30, 2006
NO L- LONG -1 ERM OBLIGA'H ONS -Continued
52.615000 C el'tlhcates of
Par_ticlpatlolli ScricS 2001:
year Filding
Interest
Principal
Interest
June 30
Rate
Duc
Due,
Total
*2007
4300%
$ 125,000
$ 147,319
S 272,319
2008
4 550
125,000
140,940
265,940
2009
4.625
130,1100
135,253
265,253
2010
4.800
135,000
129,240
204,240
2011
5.000
140,000
122,760
262,760
2012
5.800
150,000
115,760
265,760
2013
5.800
100,000
106,700
266,760
2014
5.800
165,000
97,160
262,160
2015
5-800
175,000
87,260
262,260
2016
5.800
190,000
76,760
266,760
2017
5.800
200,000
65,360
265,360
2018
6.0011
210,000
53,360
263,360
2019
6.060
225,000
41,180
266,180
2020
6.000
235,000
28,130
263,130
2021
6 000
_ 25Q,(10,0
14,500
264,500
$2,615,001
$1,361,742
$3,97o,712
* Includes taxahle cerci licatc
o1 155,000
in 2007 with 6.125`
o coupon.
The certi ticates at obligations
of the City
under a Lease Purchase
Agreement
hem een the City and Iyl B
Bank, NA. t he Corporation
also acts as the
trustee who Iccck
es the rental
payments lot the benefit orthe
cerci licatc holders. The
purpose of the
2001 Series cerci
licaics is to construct
and equip an airpoat
mxnulacluring facility.
Principal p.n•ments are made
annually on
April 1, and interest
pa}ments are
made semi amorally on April 1
and October 1.
_ City of CZlpc Girardcau, Missouri
NO "CES TO BASIC' LINANCIAL STA"CEMLN I S
Junc 30. 2006
NO'I E F - LONG-TER117 OBI,IGKIIONS - Continued
57605,000 Special Oblieation Bonds, Series 2005.
Principal paymatls Zile mode annually on June Land intenasL payments arc made semi-annually on June I
and Deccmbcr 1,
In May 2005, the City of C'apc Girardcau issued $8,190.000 of Special Obligation Bonds Series 2005 with
interest rates � arying from Ihe bonds arc special obligations 01 the City payable s-olcly from
the rcvenucs derived from annu,d appropt alions by the City Council.
.,
The bonds o-crc issued by the ( itv for the purpose ofproc cling funds to (a) cons02ict, lumish, and equip it
nc�, lire station, scum ale and improve existing tire and police stations, reimburse the City for the
punhnse of e ncc public swrks lacihtl . and acquire vchicics liar the police and fire dcparinunts, (b)
,. refinance �ariou.c outstanding obligations of the(itv.(c)I undadebtscr ccicisc,w kind(ht the Bonds.
and (d) p;n the costs of issuing the Bonds, under the authority of and in full compliance�� ilh (he( it"s
('homer and the C'nnslitplion and Lm softhc Slatc of Missouri, and pursuant to an ordinance duly passed
Mid procecclins duly and C1,111% had by the goy crning hock ofthc City.
1 car Ending
Interest
Principal
Interest
Juuc30
Rate
Due
Due
Folal
2007
3.2500N.
$ 605,000
$ 295,949
S 900,949
2008
3.500
030,000
276,286
906.286
2009
3.500
635,000
254,236
889,236
2010
3.500
645,000
232,011
877,011
2011
3.500
655,1100
209,436
864,436
2012
3.500
680,000
186,511
866,511
2013
3.625
700,000
161711
862,711
2014
4000
690,000
137,336
827,336
21115
5000
1,145,000
109,736
1,354,736
2016
4.000
80,000
47,486
127,486
2017
4.000
85,000
44,286
129,286
2018
4.100
90,000
40,886
130,x86
2019
4.125
90,000
37,196
127,196
2020
4200
95,000
33,484
128,484
2021
4.250
100,000
29,494
129,494
2022
4250
105,000
25,244
130,244
2023
4.375
110,0011
20,781
130,781
2024
4.375
115,000
15,969
130,969
2075
4 375
250-000
_ 10,940
_. _ 260,940
7,605,0.00
$_2,169,97$
$9,774,978
Principal paymatls Zile mode annually on June Land intenasL payments arc made semi-annually on June I
and Deccmbcr 1,
In May 2005, the City of C'apc Girardcau issued $8,190.000 of Special Obligation Bonds Series 2005 with
interest rates � arying from Ihe bonds arc special obligations 01 the City payable s-olcly from
the rcvenucs derived from annu,d appropt alions by the City Council.
.,
The bonds o-crc issued by the ( itv for the purpose ofproc cling funds to (a) cons02ict, lumish, and equip it
nc�, lire station, scum ale and improve existing tire and police stations, reimburse the City for the
punhnse of e ncc public swrks lacihtl . and acquire vchicics liar the police and fire dcparinunts, (b)
,. refinance �ariou.c outstanding obligations of the(itv.(c)I undadebtscr ccicisc,w kind(ht the Bonds.
and (d) p;n the costs of issuing the Bonds, under the authority of and in full compliance�� ilh (he( it"s
('homer and the C'nnslitplion and Lm softhc Slatc of Missouri, and pursuant to an ordinance duly passed
Mid procecclins duly and C1,111% had by the goy crning hock ofthc City.
City Of( III)C ( iir ardeau, Missouri
NO I LS'IO BASIC FINANCIAL STATEM8NIS
Junc 30, 2006
NOTE E - LONGA ERNA OBLIGATIONS - Continued
the outst:mdin_ bond liahilily for the Special Obli,ation Bonds Series 2005 is reflected in the
Governntcntsl actieilics.
%1,950,000 Bank olAmerica 2006 Promissory Note.
Principal paynicnte arc niadcScmi annually on J.mum_v 1 and July I.
On FebrTim ry 9, 2006, the ( . m of Capc(iintrdcau entered into a Promissory note with the Bank ofAlm rica
Cor S1000,000, The purpose of the note NN s to finance additional costs on constructing, fire station hl,
purchase of It site &x a future fire station, cyuipment for the saver and solid waste funds, and site
11111)l O\ a the neo public works hcadquartct. I he outstanding lability till the note is allocaled as
li�llows'. ,SI,dn8,475 tnr (;n,ernmental heti% tics and S>41,125 for Business-nPe IT, lip itics_
5S
Ycar Ending
Interest
Principal
Interest
June 30,
Rate
Due
Due
Total
2007
1.63%
S 50,000
S 35,653
S 85,653
2005
3.63
100,O00
65,055
165,055
2009
3.63
100,000
64,604
104,604
2010
3-63
100,000
60,795
160,795
201 1
163
100,000
57,165
157,165
2012
3.63
100,000
53,535
153,535
2013
163
10(190(1
50,044
150,044
2014
3.63
100.000
46,275
146,275
2015
3.63
100,000
42,645
142,645
2016
3.63
100,000
39,015
139,015
2017
163
100900
35,454
135,454
2015
163
100,000
31,755
131,755
2019
1.6
100,000
25.125
125,125
2020
3.61
100.000
24,495
124,495
2021
3.63
100,O00
20,925
120,925
2022
3.63
100,000
17,235
117,235
2023
3.63
100,000
13,602
113,602
2024
3.63
100.000
10,005
110,005
2025
3.63
100.000
6045
106,345
2026
1.63
100,000
2,715
102,715
$ 1,950,000
S 705,502
$ 2,655,502
Principal paynicnte arc niadcScmi annually on J.mum_v 1 and July I.
On FebrTim ry 9, 2006, the ( . m of Capc(iintrdcau entered into a Promissory note with the Bank ofAlm rica
Cor S1000,000, The purpose of the note NN s to finance additional costs on constructing, fire station hl,
purchase of It site &x a future fire station, cyuipment for the saver and solid waste funds, and site
11111)l O\ a the neo public works hcadquartct. I he outstanding lability till the note is allocaled as
li�llows'. ,SI,dn8,475 tnr (;n,ernmental heti% tics and S>41,125 for Business-nPe IT, lip itics_
5S
City of-( 'apC 6311 ardcatl, Mlssou11
'
NOTES '1O BASIC FINANCIAL STATEMENTS
lune 30, 2006
NOTE E - LONG
-TERN[ OBLIGATIONS - Continued
The annual requirements
to amortize all debt outsttwding as
of June 30, 2006
including total interest
payments of $32,449,689
arc as follows:
Special Leasehold
Certificates
Year handing
Obligation IZevenue Revenue
of
June 10,
Bonds, Bonds Honds
Participation
total
2007
$ 1,475,927 $ 6,908,723 $ 39,600
$ 272,319
S 8,696,569
2008
1,467,624 7,066,841 40,050
265,940
8,840,455
2009
1,441,241 7,188,738 39,400
265,253
8,934,632
2010
1,401,136 6,810,020 39,700
264,240
8,515,096
2011
1,190,456 6,110,407 39,900
262,760
7,603,52
2012
1,182,840 6,144,341 -
265,760
7,592.943
2013
1,168,993 6,831,876 -
266,760
8267,629
2014
971,811 61002,990 -
262,160
7,236,961
2015
1,495,581 5,773,795 -
262,260
7,531,636
2016
264,8110 5.842,881 -
266,760
6,374,441
2017
262,871 5,827,232 -
205,360
6355.4613
2018
200,841 4,802,233 -
263,300
5,326,434
2019
253,521 2,834,163 -
266,180
3353,864
2020
251238 1,789,199 -
263,130
2303567
2021
248,559 1,664.550
264,500
2,17'.609
2022
245,079
245.079
2023
242,616 -
-
242.616
2024
239,144 - -
-
239.144
2025
'65,485
365,485
,.
2026
59,915 - -
-
50,915
$14,481,278 $ 81,597,991 5798,650
53,976,742
5109,24,601
The cash and
investments available to screice revenue bonds
arc $967,556
and 57,259,997 Cor the
governmental
and business -type acli vitios, respeclivoly.
I he cash and investments
m ailable to service the special obligation bonds and coli
Beales of participation
IIl gOCCilllllClllal
aCLI AI❑cS lll'C $67(),1)81 and $285,447, Ycspechvely.
IIICludcd III lvnSIIICSS-t%oC
uChc16cs Icstrletcd cash ;nld IIIVcstmicnts
on the statement
of act assets Is
5522,945, which
is the halance in the 2000 sewer project account
which represent
incomplete projects at
June 30, 2096.
It the project hinds arc not used, the remaining
balance can be applied
against dcht.
_ City of C'apc GirarJcau, Missouri
NOT ES TO BASIC HNANCIAL STATEW.N'I S
Junc 30.2006
NOTE E - LONG-TERM OBLIGATIONS - Continued
Interest expense was charged to functions as follows in the Slalcmcnl of Activities:
Governmental Activities.
Interest and Other Costs $1,347 608
'I otal $1,347,608
.. Business-Type Activities:
GolfCourse $ 17,172
Scwcr 787,521
Softball Complex 6,793
Solid Waste 35,915
W atcr 415,360
Total $ t,2_62,961.
Missouri statutes limit the mnount of general obligation debt that city can issue to Ove percent of the total
assessed value of taxable propaTy located within that city's boundaries. I he legal debt margin for the City
of Cape Girardeau is $8,128.71 I.
NOTE F- DEFICIT FUND BALANCES/RETAINED EARNINGS
The Softball Complcx Fund's and the Fringe ITcnc11t Intenial Service Fmd's total liabilities exceeded Iitcir
total assets by S 156,855 and $365,905 respectively.
57
City of Cape Girardeau, Missouti
NOITS TO BASIC' FINANC-IAL STAl'EMENTS
.little 30, 2006
NOTE G - PENSION PLAN
1. flan Description
The City of Cape Girardeau participates in the Missouri Local Govenuucut Employees Retirement System
(LAGERS), an agent umlliple-employer public employee retirement system that acts as a common
investment and administratiec agent for local covemment entities in Missouri.
LAGERS is adelincd benclil pension plan which provides rctircnlcnt, disability, and dceth benefits to plan
mcmbcrs and beneficiaries. LAGERS was created and is governed by statute, Section RSMo. 70.600 -
70.755. As such, it is the system's responsibility to administer the law in accordance with the expressed
intent of the Gcneral Assembly. 'I lie plan is q uali I icd under the lntemal RC VCOUC Code Section 401A and it
is tax exempt.
I he Missouri Local Govemmenl binployees Retirement System issues a publicly uvailable financial report
that includes Iluaucial statements and required supplcnroutary information_ That report nay beobtained by
writing to LAUI!RS- I'U Boz 1005, Jellcrson Cily, MO 65102 or by calling 1-800-447-4334.
2, Flandina Polio
I he City of ('ape Girardeau's full-time employees do not contribute to the pension plan. The political
subdivision is required to contribute at an actuarially determined rale; the CU F1 rate is 0.9,a (general),
5.0",6 (police), and 123 % (fire) ofanousl covered pzyroll. 'I he contribution requirements of plan members
' are determined by the governing body of the political subdivision. The contribution provisions of the
political subdivision aru established by state statute.
3. Annual Pension cost
Fur 2006. the political subdivision's annual pension cost Ill $901,342 was equal to the requiral and actual
contributions. The required contribution WETS determined as part of the February 2R. 2004 annual actuariul
valuation using the entry age actuarial cost method. lie actuarial assumptions included (a) a rdc of return
on the investment of present and future assets o f 7.5"6 per yew-, compounded annually, (b) projected salary
ina-eases (it 4.0"b pet %car, compounded amoualh, attributable to inflation, (c) additional projected salary
increases ranging from 0,J)"', lu 0.0i6 per Near, depending on age and division, attributable to
seniority%merit, (dlpre-retirement mortality based on the KP -2000 Combined I Icalthy Table set back 0
%cars for ntcn and 0 }cars for women, and (c) post-retirement mortality based on the 1971 Group Annuity
Mortalih table prujccted to 2000 set buck I year for men and 7 years lot uvonsn. The actuarial value of
assets iasis determined usinn lccbniqucs that smooth the Cl (eels ofshort-tcmr c'olatility in the market value
of imesnnents overs Five-year period. "tic unfunded actuarial accrued hahility is being amortized ae a
level percentage of projected payrolls on all open basis. The amortization period at FeN olrN23, 2000 was
I S %cars.
5ti
City of Cape (,itardeal , Missouri
NOTES "fO RASIC' I-INANC'IAL STA"I'tMENIS
hire 30, 2006
NOTE G - PENSION PLAN -Continued
Thrcc-Ycal -1 lend Infomlatiun
Fiscal
Allilllal
Year
Pension
Ggling
Cost LiMID
00/30/04
$714208
06'30/05
843,223
06/30/06
961,342
Percentage
Net
Of APC
Pension
Contributed
Obliaati_on
100%
$ 0
1011%
0
10WI
0
Note: the above assets and actuarial accrued liability do not include the assets and present value of
benefits associated with the Benclit Reserve Fund and the Casualty Rescive Fund "Ihe actuarial
assumptions were changed in conjunction with the February 28, 2000 annual actuarial valuations. For a
complete dcscri ption of the actuarial assumptions used in the annual valuations, please contact the
LA01,16 office in Jefferson City.
NOTE. 11 - INTEREST EXPLNSE
Interest and handling charges, totaling $1,302,537, excluding 57,831 of interfund interest, %vas inourred by
governmental (ends during the year ended June 30, 2000. Inkiest and handling charges, totaling
$1,222,977, excluding $58,959 of interfund interest, was innm-ed by proprietary funds during the yCar
ended .lune 30, 2006. No interest cost wag capitalised as part of the cost of assets constructed during the
period
NOTE I - INTERIUNU ACI IN I'I Y
A. I he following is a sunmlary of iutcrfund halsnccs as of -June 30, 2000'
Advance toifront other funds:
The interfund balances erc a result of advances to purehme capital assets and to pay for operating expenses_
Repnvments are made its cash Moves permit. If cash Ihm s arc not suf licicnt repacnlents me deferred to
suhscqucnt %curs.
51)
ndcanI - ham
Adeanccam
(IcnoaI Punct-
Cqulpnmmlteplucementivnd-
orpori runt
CoadAAvncl'unJ
-
(1240011
(loll Count Ivnd
_
312,195
Salman ern„plc[ Fund
190000
The interfund balances erc a result of advances to purehme capital assets and to pay for operating expenses_
Repnvments are made its cash Moves permit. If cash Ihm s arc not suf licicnt repacnlents me deferred to
suhscqucnt %curs.
51)
C IIV' 0F('apc G11 W dean, Missouri
NOTES TO BASIC PINANC'IAI, STATFNI FN] S
Junc 30, 2006
00
NOTE 1-IN'FERFUNU ACfIYI'FY - Continued
The City makes transfers bem ecil
carious funds for routine and normal
operating expenses and for capital
asset rcyuiwions.
13. the following is a sununary
of interfund transfers for the }'car
ended Junc 30, 2006:
a
I"Ild
nlsf,, FIUI„
TItlOSFC, TU
C -II'imd
S 55}3,FI(
t 4549,04
nirp„it Fund
-
886a95
Palk and ItorreaOon
-
961.251
I'lund Fromcron
562
-
vision .000 1imd
1,500
1 000
M... Furl Tu, Fund
I?SQOotI
capilnl 1niprovcnsnl Sole 'Ino-
1-1 1 Control
32,751
-
Cap1lII...pnrvrmrnISalcsl`nv-
,r
W,tc1 Fysteln Inge u. clnlnR
5>1,711
3M1,8i9
I Inns..... uonn S:Jrs la,
Tnie1 Fund II
-
2611,000
_
Cnpilnl Impnwcinent Sula l`ns
-
ScecrSystemingmiccmrnt,
1994,124
-
I 1, Sines'ILe I ,nd
2030.126
-
r11l,rr sarrtr I "'t F..n.1
1,s94,91S
2610,081
urns s,,�, c FOnd
-
S7511110
9nrn 11npio .rn¢vIt, Fnnd
-
20,10011
Comnn.nity Unn .... t nlod.
clam I",)I'd Fm111
-
25.827
(brpsllood contro"o,"t
-
62,7;1
VAutcr SySmm Inq+rommcm
I'n,lcrt, rund
86,S 5 1)
101721
sc�crrlimd
-
L991,111
'�
P`vtur Fund
-
120,10011
surd AAr,,,Ir Fnnd
47:N4
417F4
Golf t-ou:;r[im.l
-
133.8,3
1,011" ll ['ol.... Iva I
-
107.351
Ilee, Afamincmcnt limd
IJ
115,930
11111ac 1311111)1, Fund
114.175
-
Lqulpmont 12oplvroncm
-
_ - _41 1056
S 11,169,2-60
5 1:409,260
00
61
City of Cape Girardeau_ Missouri
NO1 FS To BASIC FINANCIAL STATE EN IS
June 30, 2006
NOTE J - SEGMENT
INFORMATION
FOR ENTERPRISE FUNDS
The City maintains live
enterprise
funds which provide selaer, router, solid
waste, golf,
and soI(ball
complex services. Segment
infonnaliuu
for the year ended June 30, 2006 was
as follows:
s9nnnll
Smcer
k'at" .Solid0.% tc GolrCOurse
Complex
TOlnl
Fund
Fund Fund fund
fund
P;ngi","
Upcialiug mvnwus
52,667,1(1
If45Sfi( 7 5705515 S 500,S0?
5 118,91us
511491,640
Ucprtt iution
I,!1F,707
1,107989 174,419 66,141)
0.406
1,171.690
Olxrmin,v lncomef Lusa
11195.111)
204315 60,252 1143,974)
(11 12(,1)
11.58')0)
Op<ratneguun,f", in
1,994,124
120100 47,754 115 x;t
107,154
2.601,115
No ncontc(Lo,)
11129.119
1,10,9;0 75650 (24,192)
01457)
5,4150911
r
(Inrent copll d (01itl bwl0n.v
-„72,157
1967,201 - -
-
4,7, 39J60
Propcnp, P1,1111 uud 6,lmpmail
nddnions
1451,79'
1072,178 39562'_ 20.587
-
694_429
Dcicnons
(491.778)
(806,776) 121'-,114) 17,5101
-
(1 94021S1
NetAA.. kv, Cupiial
11141,'50)
151,950 1!09A,296 1131in,
4,722
1,249,602
Iw,lA,cts
6U;(,,7.16
44.944,421 _,527,129 444,756
111.047
111,764,085
Itonds and 01hcrl.nn Tenn
..
I.i nbdttics P9publc 0 um
0pereline. Itcecnucu
32,414,900
7199,1-10 417397 -
-
411.171,617
Tmal Nei Arets
51(1214,
51 7, 196,751 41,IS1 S 611105
5 (156.8551
16C 476,160
61
$7j 7V55
02
City of-( 'alle Girardeau,
Missouri
NU"KISS TO BASIC FINANCIAL
STATEMENTS
.luuc 30, 2006
NO'I E K- RESERYATI ON OF FUND EQUITY
At June 30, 2006, the( ityhad reserved its fund equity as follows:
ti
General Fund
RCSM Cd for cmcrgcmcy Cund
$3,414,450
Reserved for prepaid items
82,550
Reserved far advance
t,t22,395
Rescrvcd for mausoleum maintenaneC
90,897
Reserved for Local Access Channel
20,963
Rescrvcd for crrcumbiai ccs
171 434
Airport Fund
Rcscrcal fol prepaid items
$ 116,800
Reserved for encunrbrmces
65 961
S 182,76.1.
I'mks and Recreation Fund
RCSCI'ved lotprepaid Items
S 6,296
Resmed for Operations and Maintenance
20,371
RCSM Cd 101' CnCnmbram CCs
2,926
$ 29,593
Transportation Salcs Tax Trust Punct
Rescrvcd for encumbrances
$ 892,594
public Snfciv frust Fuud
Rescracd for encumbrances
$1,908 938
Rescrvcd for emervencv fund
_ 120,208
S2,029_146
Other(ioaunmrntal foods
RCSerN'Cd for CnCWnbIaIICCS
S 938,867
Reserved for emergencies
Rcecrvcd rot items
946,029
prepaid
41,388
Rescrvcd for Dch1 Scrvicc
302.188
Resetcd for Ricer Campus
94,780
$7j 7V55
02
City of Cape Girardeau, Missowi
NO ITS 10 BASIC FINANCIAL STATCNIFNI'S
Juuc 30, 2006
.. NO I E I. - RESERVED RETAINED EARNINGS AND RES'1'RICPB:D ASSET ACCOUNTS
AI lune 30. 2000, the City has restricted assets in its Proprictaly Funds as follows:
Duprecialimh _ Re<enuc Boad
And Bond Sink. ..... and
Itegl,ncemew CmtsaacGan R ... it, Ind lbml
Sc�ccr Fund $ 127,000 $ 69,865 $1,878,950 30.075,815
Wo¢ti 14ind 940,000 3,073 1,804.710 2.748383
Solid wnsm I uncl - 131,427 374 135,761
$1,067,000 $ N78�96i $7,653994 $x,959,999
NOTE M - LANDFILL CLOSURE AND POS'1'CLOSURE CARE COST
State and federal laws and regulations require the City to place it final coveroil its landfill when closed and
perform certain maintenance and monitoring functions at the landlill site lot thirty years after closure. The
01Y closed its landfill in the fiscal year ending June 30, 1994, and an expense Imm yon and related liability
%N Cie recognized at that time hosed on the fihure closure and postclosure cure costs thatwa-e eshillated to he
incurred neer mafter the date thelandfill no longer accepted waste. The ell ire amount of the cst nlalal
.. total costs lot landfill closure and postclosure care Costs%Nils recognized in prior years since the recognition
is based on landfill capacity used to date and the landfill \v its filled to capacity in prior yours. The estinhated
total fu Wrc liability For landfill postclosure care costs is %72,000 as of Iune30, 2006, which is based on the
amount that would be paid if all equipnlenl, l:hcilitics, and services required to close, monitor, and nlainlain
the landfill were acquired as ofJune 30, 2006. However, the actual cost ofclosure still poslClosurc care muv
be higher due to inflation, changes in technology, or changes ill landfill laws and regulations_
'IIle Ctl has used the option of it Contract of Obligation as the lloauc,l assurance instrument fix the
landfill, The Oh issued bonds in October 1994 from which the proceeds hove been used to pay theClos lle
Costs.
6I
City of Cape Girardeau, Missouri
NOTGS TO BASIC PINANCIAI. S"IfATGNIHNTS
Junc 3U. 200b
NOTE N - RISK. MANAGEMP;N I
The City is exposed to Various risks of loss related to torts; theft of-, damage to, mad destruction of assets;
evicts amt omissia>~; named disasters; mid cmployce health bcucfris. These risks, with the exception of
those discussed in the following paragraphs, arc covemd by commercial insuranco; Settled claims have not
CXCCel ed this collimcm ad cov mage in any of the past ieu iscat Yaws.
'fhe City is a member of the Missouri Public Faulty Risk N'Sanagemcnt Flout, a nashr profit public entity
insurance pool established by the slate legislatum, Ihroutdi Ohs pool- the Cityrecoives covetage forgeneral
liability, law cni'mecnteat liability, errors and omissions, and employee hene6t hiability. Risks be these
cm cl ayes are spread across members of the fund CuommHythe fund is contpracd of 899 Missouri countics,
ntnnielpatities, and special districts. Prenuums for these coverages are actuarially detctxnined based on
actual claims of lie pool and individual claims of the Clay. Gash year, poll ofIrmumums not WLILluad
hecmum of Now cap"Od claims are rimae to the mcmhcts "fhc City has rescived refunds ofprtxr,9mns
,. in each of the hast len years and has used theft to offset the cast orthe succcediny years premiums.
Vehicle loss sncl accident liabilityis carried by Savois Properly and CesuaRY Insurance. It iv rated "13 I
by A.M. Best.
'Me COY has estalelis0eJ sell -insurance Plans for employees' hmhh insurance and workmen's
compensation. Nosh of these art: accounted for using internal novice funds. Under tach plan, Iho CRY is
suhstauldly sell hulmul and uses an adruni isirator to handle claims managcnimu,
The Cay provided health coverage to its employees through a minnnuna ptcutium plan adttiitaisoaca by
Right Choice Managed Cure, which had in "A-" rating by A.M. Best, Under this plan. the City puid the
ndmi❑IMI alor a IIweal Ay p1moIUIII fol cItaiills admin istralion, cost inuuagenent, and speci lie anal aggregate
stip loss cmerage The City rcinabuned the administrator ler claims paid up to the speclllc stop loss
amount of S125.0(H) and $131MI') annually Per SUTA'Vice and up to the 9ygmQe slop was amuuat ut
appro,vimalely S 1.30f1,0(10 and $aDJOC10 annually beginning January 4 2005 and 2006, respectively, lite
all etnploga;es. These limits apply only to claims made during the respective ca m&u years. Rates mem
charged by the Animal service fund to the other City funds to cover the monthly pramiuna to the
administrator and claims ap to the aggttgatc stop Toss amount.
Col porate Ctai ills Nlanngentent,Inc. admini skis die Ci ty's tvorki nen s conri Am plan. Underthisplan,
_ the (4, pays the mbu nistrator a perclann we to administer its claiuts. All claints are paid directly by the
City. The City has pulchased instuancc coverage from Safety National (..'asuulty COM that limits dic
ma.einuun indieiduul Claims to Si50,000 and S400000, for regular employees and police and the
emploveee, rosptcliccly- Additionally. SS.000.000 In coecrtgc is provided for unnual Claims in excess of
51.137 2fi(t Rates an dlwgeet b! the internal sen"ice fund to the other CRY funds based on rates uud
c'\pulelice factors CMaN ahod by the National Council on Compensation hts railce. Safety Natlnnal is
iawil "A-" bG A. Nd_ Hest.
(A
0
the City has u11collat2olii.ed utility accounts receivable eenerated within it limited geographical region
primarily consisting obits City limits. The City also has lazes, special assessments, and uses Iees rcccicable
N, hich arc concentrated among its citizens. Some of these items attach as liens against ICal and personal
property. The It laximum accounting loss is the amount shown as utility charges receivable on the Statement
of Net Assets_
Al ,lune 30, _'1106, utility receivables totaled S I.507.929. Oil the IlnanClal SMICnlents, the utility receivables
at shoen act of the al lowance far do lib t)LII accounts of$ 136,761. Ibis results ill pct lit Ill hrcccicLittle of
51.371.168_ During the ccer ended Jun, 30, 2006, the allowance was increased by $107,279 or
approsiniatoh' 1 0"'11 of the current year's utility charges and accounts lutaling $96,5'16 �cere �v i men o0:
65
City of Cape Girardeau,
Missouri
NOTES
TO RASIC FINANCIAL
S A I FNl I N'I S
June 30, 2000
NOTE N - RISK MANAGEMENT-
Continued
Claims liability is estimated using
data supplied by the administrator.
"fIle claims
activity during the last
five years is summaiized its follows:
CLAIMS
LIABILITIES. RECONCILIATION
Health
Workers'
Insurance Compensation
'total
Balance Junc 30, 2001
$ 125,000 S
309,672
S 434,672
Provision for htcurred Claims
1,274,192
327,400
1,601,592
Pavments of Claims
(1274,192)
(343 045)
(1617217�
Balance Junc 30, 2002
$ 125,000 $
294,027
$ 419,027
Provision for Inclined Claims
1,632.710
218,620
1,851,330
Payments of Claims
(1,573710)
(1,842})60)
_(6925
Balance Junc 30, 2003
S 184,000 S
243,397
S 427,397
Provision for Incurred Claims
1,997,671
528,506
2,526,177
Payment of Claims
(1,85 16711
(410,903)6
(2 28 574)
Bulancc Junc 30, 2004
$ 330,000 $
355,000
$ 685,000
Provision for htcurrcd Claims
1,761,942
526,837
2,288,779
Payment of Claims
(1916.942)
(346.837)
(2,203, 79J
Ralaucc Junc 30, 2005
S 1 75M S
535,000
S 710,000
Provision for Inctulcd Claims
2,400,142
548,809
2,948,951
Payment Of( laims
(2.065642)
(378809)
_.(2,444,45
Balance Junc 30, 2000
$ 509,5011 S_
705,900
$. 1214500
NOTE O- CONCENI'RMON
OE CREDI F RISK/BAD
DI?BT ALLOWANCE
the City has u11collat2olii.ed utility accounts receivable eenerated within it limited geographical region
primarily consisting obits City limits. The City also has lazes, special assessments, and uses Iees rcccicable
N, hich arc concentrated among its citizens. Some of these items attach as liens against ICal and personal
property. The It laximum accounting loss is the amount shown as utility charges receivable on the Statement
of Net Assets_
Al ,lune 30, _'1106, utility receivables totaled S I.507.929. Oil the IlnanClal SMICnlents, the utility receivables
at shoen act of the al lowance far do lib t)LII accounts of$ 136,761. Ibis results ill pct lit Ill hrcccicLittle of
51.371.168_ During the ccer ended Jun, 30, 2006, the allowance was increased by $107,279 or
approsiniatoh' 1 0"'11 of the current year's utility charges and accounts lutaling $96,5'16 �cere �v i men o0:
65
City 01('211)0 0irardcau, Missouri
NOTES 70 BASIC'. FINA-NCIAI. STA TEME.NTS
June 30, 2000
I�D7 Y IY Y![iU70101 Y Yt7111�Y Y.`/�V I IZYUL`Y Y ICCfI JI�[M I JI:i
I. Litigation
Various claims and lawSit iis arc Funding i sCity. lathe opinion of the potentialnCity
loss on all claims and lawsuits Neill not be significant to the City's financial statements.
2. Grant Audit
The City receives Federal and Slate Grants for specific Reposes that are subject to re%ieW and audit by
yarimis Federal and Statc agencies. Such audits could result ill a request for ecimburscmeut by any of the
Federal and State agencies for expenditures disallowed under the terms and conditions of the appropriate
agency. In the opinion of City management, such disallowances, if any, Will not be signi ficant.
3. Construction Commitments
As ON Ilie 30, 2006, the City had conslmction commitments outstanding of $2,968,993. Theconsh uction
commitmentsrepresent incomplete portions of contracts entered into to construct the following: carious
sired projects, projects at the nein Public Works Facility, Fire Station 1:13, street lights, waler imill to, cmcnt,,
and paring al the Wastem,ater Trcatmait Plant. These cont -acts are expected to be completed within the
[Text fiscal year.
d. Focumbr:utces
As of ,lune 3U, 2000, the C'ily had encumbrances 0ulslanding of $4,212,607.
NO'l F Q— PRIOR PFRIOD ADJUSTNIFNTS
the prior period adjustment in the Genclal Fund of.$99,050.S6 reflects constitution costs ofimprovenients
to the City s new public works site iuc0rrectiy charged to the General Fund in the fiscal year ending June
30, 2005. The costs should pace been charged to the Solid Waste Fund- $5,12936 and fleet Management
Fund - S03 91750,
The pnor period adjustment in the internal son ice hinds of 51/771.50 reprcsents Faymcut 01 incorrect
surcharge by the state's workmen's compensation second injury it fund during the fiscal year ending
June30.2005theCit% paid a cot I cctcd surcharvc during the veal but did not void the incorrect payment
,. until the fiscal year ending ,lune 30, 2000_
66
City of Cape Giraodcau, Missouri
NOTES TO BASIC FIN ANC'IAI. STATEMENTS
,)title 30, 2006
Iml 10 EEKKOWN I W191 Mall
I _ In June 2004, the City of Cape Girardeau and Cepe Girardeau County entered into a development
agreement with it local business. Under the agrecment, the local business agreed to pay for certain
public improvements inCUITCd in conjunction with the construction of new retail facility and the
City and County agreed to reimburse the Ill usiness for lite cost of these improvements up to a
maximmnt of $4,000,000 over an estimated 15 years. During the current fiscal year the local
business completed Ihese improvements with a total cost of 52,668,646.'file C ify is required by the
development agrecment to reimburse the local foxiness for $2,134,917 of these costs through
scheduled quarterly payments over the next fifteen yews from available revenues. Available
revenues are definal in the development agrecment as 75% of the City's quarterly net revenues
.. fiom specific sales taxes generated by the business operations of ehc new retail facility which
exceed $64,000. The rates of the specified sales taxes currently equal 21%. Sales taxes with rates
currently equal to P% will expire during the term of this ag-eemenl. The City will be required to
.. substitute revenues for sales taxes with eLluivafcnt rates, ifavailable, when the specific sales luxes
expire.
(i7
Required quarterly payments increase annually per the repayment schedule included in the
development agrecuncnt. To the extent that the available revenues for any quarter arc Icss than the
required quarterly paymcut due, the unpaid amount will be added to the next scheduled quaticrly
amount duc without penalties. Any amounts urpuid at the end of 15 ycars will be payable quarterly
from available revenues fur the remainder of the agrecment. Any aurounls unpaid at the end orthe
agreement wi II not he rcqui reel to be paid. "I he Tenn of the dcvcloper agrccureut is 20 ycars from the
execution of agreement.
During the fiscal )'car ended June 30, 2006, the City pard $26,577 under the dceclopmUlrr
agrecment Hlls amount is included iu the Development Services expenses on the Statement of
ActiN ities.
2. Ill JUnc 2004, the City of Cape Girardeau and Cape Girardeau County entered into it development
agreement with a local real estate developer. Cndcr the agreement, the local dcvcloper agreed to pay
forcut tai❑ public inrproremcnts incutIed in conjunction with the development of a 60 act cIetail
Lie%clopnsnt and the City and County ❑grMl to reimburse the local business for the cost of these
improvements from mililable net sales tax revenue generated from any businesses operations
located in the development During file current fiscal veal the local dcvcloper completed these
improvements with a total cost of $2,886,098. "the City and County are required by the
development agreement to reimburse the de%eloper fur these costs plus 4ir, interest with quarterly
paymcnis hom availsblerevcuuc. Availablerevenuc isciefinedbytheagreeincnt asall thenetssles
tax revenue generated by mo .25Y, Cit% capital improvcurent sales taxes and the .50". City
itansporlauun sales tax sad 50",L of the net sales lax revenue generated be it .50'6 county sales tax.
All Cit% sales taucs have axpimtion dotes that could occur before the total costs of the
impro%eme is arc reimbursed to the dcvcloper. the County sales tax has no expiration date No
provision is unadc to replace revenues front the City sales taxes that cvpire if they arc not extended.
..
The development agrnemmilt remains in uficct until the total cost of the public improvements is
rcinnbuised to the dcccloper.
(i7
City of Cape Girardeau, Missouri
NOTES 10 BASIC FINANCIAI. S AI FNIIiNTS
lune 30, 2000
NOTE R - CONTINGENCY - Continued
The Cil, and the County are obligated only to make quarterly payments as may lawfully be made
from funds budgeted and appropriated for that pwposc by the City and County. During the fiscal
year ended .lune 30, 2006_ the City incmTed payments of 5141,433 under the development
agreement. This amount is included in the Development Services expenses on the Statement of
Activities.
68
RHQUIRHU SUPPLEMHNTAI. INFORMAL ION
REVENUES
Taxes
Licenses 8 permits
Intergovernmental
Charges for services
Internal charges
lines and forfeits
vlscallaneous
nvestment revenue
Total revenues
E%PENOITURES
Current
Administrative
Contingency
Development Services
Parks and Recreation
Public Safety
Public Works
Total current
Debt service:
Interest
IsSnanee Cost
Principal
1 1 1 1 1 1 1 1 1 1 i 1
City of Cape Girardeau
General
Statement of Revenues, Expenditures, and Changes in Fund Balances- Budget and Actual
Farther Year Ended June 30, 2006
Terri debt service
Capital outlay:
Administrative
Development Services
Parks and Recreation
Public Safety
Public Works
Total capital outlay
Total expenditures
Eager, (defidenc) or revenues over
(under) expenditures
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers in
Special assessments
Bond proceeds
Advance repayments
Asset disposition
Other non-operating
Transfers out
Total other financing sources and uses and special Items
Net change In fund balances
Fund balances — beginning
Prior period adiustment
. and balances--endam
Variance with
Budgeted
Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
S 12,799.10400
S 12.799104.00
S 13.321.885-37
S 522 761,37
1,164 150.00
1,164,150.00
1,271,066.74
106 916 74
640,749.00
640,749.00
862,75000
222,001.W
344,810.00
344.810.00
350,111.78
5, 301. 78
757,15000
757.150.00
741,81523
(15,33477)
775,00000
775,000.00
862,355.28
87.855.28
75,350.00
75,350.00
211,028.55
135.678.55
130,800.00
130,00000
171,350.38
40.550.38
16 6P7, 113.00
16,687,113.00
17,792,863.33
1.105.750.33
1933,793.00
1.986,850 99
2,008,370.06
(21,519.07)
50.00000
50,00000
(603393)
56.03393
1882,947.00
2,042,340.20
1,853.874.24
138,465.96
1,456,274.00
1,535, 755.46
1,523, 333.55
12,421.91
9,778,20200
10.279,123.00
10,258,682.53
2044047
1,808.492.00
1.804.992.00
1.828.907.95
123.915.95 )
16,909.788. DO
17.69906165
1]467.134.40
231,927.25
2240 00
7] 240.00
82762.77
(6522 77)
-
-
3,562.58
(3,562-58)
11,060.011
66,060.00
79.060.72
(13000721
13.30000
143,300.00
165,38607
(22.086-07)
6,20000
12300.00
9,927.49
2,372.51
23,367.00
28,493.80
43,31418
(14,820.38)
101,020.00
96.300.55
91,458.60
4,921.95
98423.00
301.782.00
143,937.38
157,644.62
954,200.00
95770000
405,621.33
552,078.67
1,183.230.00
1,396656.35
694.25898
702.397.37
18,106,318,00
19.239,018 00
18,326,77945
912.238.55
(1119205.00)
(2,551.905.00)
(533.916.12)
2,017,988-88
4,029,175.00
4.543,716.00
4,549,05216
5.336.16
2,700.00
2,700.00
9,933.18
7,233.18
-
-
520,000.00
520,000.00
38,915.00
38,915.00
439.25588
400,340.88
1,000,000.00
1,000,000.00
46, 056.60
(953,943.40)
-
-
2,96307
2,963.07
(4239,01100)
(5.683,907. 00)
(5533814.73)
150,09227
831779.00
(98,576.00)
33,446.16
132.02216
(587,426.00)
(2650,481.00)
(500,469.96)
2.150011-04
4,690,149 50
4,690149.50
4,690,149.50
-
99.056,86
99.056.86
99,056.86
5 420178036
5 2,138 725 36
S 4.28873640
$ 215001104
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i
City of Cape Girardeau
Airport
Statement of Revenues, Expenditures, and Changes in Fund Balances- Budget and Actual
For the Year Ended June 30, 2006
Variance with
Budgeted Amounts
Final Budget -
Positive
Oriental
Final
Actual Amounts
(Negative)
REVENUES
Intergovernmental
$ a22, 000.00
$ 422,000.00
5 357,026.74
5 (64,974.26)
Charges for services
934,500.'0
934.500.00
1,239,077.08
304,577.08
Idiscellaneous
184,797.00
184,797.00
202,373.33
17,576.33
Investment revenue
1.000.00
1,000.00
77.59
(922.41)
Total revenues
1,542,297,09
1,542,297.00
1,798,553.74
256256.74
EXPENDITURES
Current
Administrative
1,635,566.00
2,205,874.61
2,230,718.33
(24,843.72)
Total current
1,635 566u00
2,205,874.61
2,230,718.33
(24,043.72)
J
r- Debt served
Interest
6,387.00
6,387.00
9,49110
(3,104.10)
Principal
44,286.00
4420600
44,286.47
(0 47)
Total debt service
50,673.00
50,673.00
53,777.57
(3104.57)
Capital outlay.
Administrative
330,000.00
586,756.39
318,130.36
268,626.03
Total capital outlay
330,000.00
586756.39
318,130.36
268,626.03
Total expenditures
2,016,239.00
2.843.304.00
2,602,626.26
240,67774
Excess(defciency) of revenues
over (under) expenditures
(473.942.00)
(1.301,007 00)
(804,072.52)
496,934.48
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
-ransfers In
473.942.00
852,924.90
886704V1
33,780.91
Asset Disposition
-
-
753.83
753.83
Other non- operating revenue
-
-
6,16646
6.16646
Total other financing sources and uses and special Items
-
052,924.00
893,625.20
40,701.20
Net change In fund balances
-
(448,083.00)
89,552.68
537.635.68
Fund balances —beginning
5447694
54,476.94
54476.94
-
Fund opposes —binding
$ 54,476.94
IS 391,606 06)
$ 144.029.62
$ 537,635.60
i 1 it 1 i i ! 1 1 1 11 1 1 1 1 t i 1
City of Cape Girardeau
Park and Recreation
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2006
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Charges for services
$ 534,35000
$ 534,350.00
$ 516,1231]
$ (18226.83)
P,1lscellaneous
2,600.00
2.60C
00
3,501.5]
901.57
Investment revenue
3,000.00
3,000.00
4,189.58
1.189.58
Total revenues
539,950.00
539,950.00
523,814.32
(16.13568)
EXPENDITURES
Current:
Parks and Recreation
1,312,814
00
1,343,089.00
1,330
468
24
12,520.76
Total current
1,312,814
00
1,343,089.00
1,330AM
24
12.620.75
_ Debt Service
Interest
-
-
546.73
(54673)
Toal debt service
-
-
546]3
(54673)
Capital outlay:
Parks and Recreation
52,993.00
72,843.00
69.596.91
3,246.09
Total capital outlay
52,993.00
72,843.00
69.596.91
3,246.09
Total expenditures
1,365,89].00
1,415,932.00
1,400.611.88
15,320.12
Excess (deficiency) of revenues
over (under) expenditures
(825
85700)
18]5982.00)
(8]6,]9].56)
(815
56)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Traasfersln
825,857.00
896,29800
865.253.36
(31.044.64)
Total other financing sources and uses and special Items
825,857.00
896,29800
865,253.36
(31,04464)
Net change to fund balances
-
20.316.00
(11,544.20)
(31,660.20)
Fund balances— beginning
43
211
04
43.211.04
43.211.04
-
Fund bolances--ending
$ 43211.04
$ 63.527.04
$ 31,66684
($ 31,86020)
I 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1
City of Cape Girardeau
Transportation Sales Tax Trust Fund II
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2006
Budgeted Amounts
Original Final Actual Amounts
REVENUES
Taxes $ 810,000.00 S 810,000.00 $ 2,463,943.99
;ntergovernmental - - 209,853.62
investment revenue 162 500 00 ism son nn 385 51442
260,000.00
6.d69,563.Us
$ 5,418.683.62
3,059,312.03
50.481.77
260,000.00
44,008.30
304,008.30
387,985.65
8.889,583 62
$ 9.277,569.27
Variance with
Final Budget -
Positive
(Negative)
$ 1,653,943.99
209.853.62
223.014 42
2,086,812.03
(50,481 77)
(640.08)
(51,122.65)
3.857.377.35
$ 3.858.885.65
Total revenues
972,500.00
EXPENDITURES
Current'
Development Services
-
Publlc Works
Total current
_
t� Capital outlay'.
Capital Improvement Protects
3.550.100.00
Total capital outlay
3,550.100.00
Total expenditures
3,550,10000
Excess (deficiency) of revenues
over (under) expenditures
(2,577.600.00)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers A
260,000.00
Special assessments
42,500.00
Total other financing sources and uses and special items
302,500.00
Net change In fund balances
(2,275.100.00)
Fund balances —beginning
8.889,583.62
Fund balances --ending
$ 6.614.483.62
260,000.00
6.d69,563.Us
$ 5,418.683.62
3,059,312.03
50.481.77
260,000.00
44,008.30
304,008.30
387,985.65
8.889,583 62
$ 9.277,569.27
Variance with
Final Budget -
Positive
(Negative)
$ 1,653,943.99
209.853.62
223.014 42
2,086,812.03
(50,481 77)
(640.08)
(51,122.65)
3.857.377.35
$ 3.858.885.65
I 1 1 1 1 1 1 1 1 1 1 1 1 i i 1 1 1
City of Cape Girardeau
Public Safety Trust Fund
Statement of Revenues. Expenditures, and Changes in Fund Balances - Budget and Actual
For Year Ended June 30, 2006
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
REVENUES
Investment $ 22 500 00 ° In.11In ° ^^• "• ^• „""", "`
revenues
Total
22,500.OD
EXPENDITURES
Current.
Public Safety
-
Total current
Debt Service:
Interest
127,000.00
Issuance cost
-
Principal
585.000.00
Total debt service
692.000.00
Capital outlay
Capital Improvement Projects
2,654,700.00
Public Safety
378.040.00
Total capital outlay
3,032 740.00
Total expenditures
3,724,740.00
Excess (transiency) of revenues
over (under) expenditures
(3.702,240.00)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Trans`,ers in
2,020.000.00
Bond preceets
-
Transfers out
(1,010,000.00)
Total other financing sources and uses and special items
1.010,000.00
Net change In fund
(2,692,240.00)
Fund balances — beginning
5,279,679.56
Fund balances -- ending
$ 2.507,439.56
7.086.75
- ],08675
127,000.00 242.270.68
- 5,001.32
565,000.00 483,250.00
366,378.00 2,204,535.29
4.846,740 00 4,045,433.27
5,538,740.00 5,583,042.02
(5.516.240.00) 15.381,300 11)
2.621 755,00 2610,08103
- 730,000.00
fl FY) 755On) (Icig1A90)
(4,484.240.00) (3,635,13728)
5.279,679.56 5,279.67956
S 795,439.56 $ 1,643,542.28
City of Cape Girardeau, Missouri
NOTES TO BI,DGLMARY COMPARISON SCIIEDULES
June 30,3000
BUDGETS AND BUDGE "1'ARY ACCOUNTING
The City adopts annual operating budgets for all funds,
[lie City follows these procedures in establishing the budgetary data reflcctcd in die financial
statements.
I. I he City Manager submits to the City Council it proposed operating budget for the
fiscal year the following July 1. The operating budget includes pmposcd
expenditures and the means of financing them.
2. Puhlic hearings are conducted to obtain taxpayer comments.
3. Prior to July I, the budget is legally enacted through passage of an ordinance.
4. 1lie City Manager is authorized to transfer budgeted amounts hehveen programs
Within any department, however, any revisions that alter the total appropriations of
emv department nwst be approved by the C'.ily Council, Departments may not legally
exceed their appropriations Without approval from the City C'Omlell. Appropriations
expire at the cud of the year; however, outstaadin"' cuauubranccs at the cud of the
year arc honored by the City.
5. Formal budgetary integration is curployed as it management control devlCC during the
year Cor all funds.
6. Budgets for all funds are adopted on a budgetary basis.
7. If, during the fiscal pear, the City Manager certifies there ate additional revcnucs to
appropriate, unencumbered appropriation balances within it cleparlmenL or there is an
cmcrgoncy situation_ the. City Council may amend the initial budget by ordinance.
The initial budget was adopted by the City Council on June 20, 2005 and ansnded on
Murch 20, 2006 and July 5, 2006, The initial budget and final amended budect arc
both retlectcd in the fmaucial statements.
Por the year ended June ')0, 2006, the fund expenditures far Flood Protection, Convention and
Tourism. Capital Improvement Sales Tax - Flood Control Project, Capital Luproeensnts Sales
Tax - Nater Svstem Improvements, Trun.sportation Inst I, Public Safety Trust, "transportation
I ist 11 General Capital Improvements, Water, Solid AAastc, Golf Softball Complex. Fringe
Benefits, and Risk Managcmcm funds exceeded their appimed bn(I,ets by 5563, S104,229,
' 51M-- $69,470, $12,575. $49,465, 511,311, 5291, $7.153, $146,186. $10.266. Sl L122,
Sd8,799, and SIG1,859, respcctivch.
74
City of Cape Girmticull, Missouri
+ NOTES TO BUDGETARY COMPARISON SCI-IMULES
June 30, 20,06
BUDGETS AND BUDGETARY ACCOUNTING - Continued
The Statement of Revenues, Fspendituies, and Chanes ill Fund Balances - Governmental Funds
reports revenue and Vxpendituree on the modified accrual basis of accounting in accordance
with GAAP. The Statements of Revenues, Expenditures, and Changes in Fund Balances -
Budget and Actual (Budget Basis) for all governmental fund types is prepared on a budgetary
basis "llich includes encumbrances as expcaditures-
tlie following reconciliation adjusts GAAP basis to budget basis:
L ..... (Delle ...... )II Reecnus and Other
I'I ItiaCIllc SOIII'c.S Omr) Under) Lxp.nd It It is and
Othct l'i,I nu Ulu
Pinks end IIonspo ...lino
14ibl11 Sot 1 11
Vol Halm
w
(...
..III A1m911 R", s`➢AioD l }05.11
IIIb.
f mJ1
(IAU'IIII,
4101',11NI Y II1'5N2 1A.IpII 6 11).141
$1 11i",NI
K M8,12"
luc.vo., Aue to
Y cat -e..0 coo unthmnacv
Ad IF ill Im xI ,n u.1
x 41 11144 x
no.lIII ncot "I 1 11 L s
AJ.II
-
Pa.kl:mdmacmlon
11 4?42 -
-
114000
I'ublic 1a1W)
-Y.I%1 _ _
_
411
i
P011111 AVnikc-
(upiulouaw
- - 5212011
no'Ln9l
401F9u
,,,, III, nncm, III I Id
inn hudpclvA nnuuolk
III 1164
,Ad11 , r1 oasl'IF 1,
Ain vap
4dl'-I, F1 . Oft-,1,it, n vku1
1n9 14U d(,.1Ill
O.Sbi
'M61
III1tuInM Y.n.. teem..
,IlFl11 7,F) t i,Atlt Nh'>,JU]
700
_NINOSN
uc
Uur..ud,
Vine-w:d uI mun,F1 a1 111
Ad 11 I IF I zwl n c sn m: l
IF GVot -
I)are
I'Ilk' ;111W IF1 ..pion
'N.NA] - _J_F -
-
-
I'ubhOFaluty
Lf elIF
__,n
Public of k.
sso In - -
f-apiml null..l.
_ _ Rpisgl
➢nl.'I
Con6nccncr
P1
Vd, Foca RII['I ai6
- J 40
I:namlhmIII .. lm amc
AL^_�
IKL'nn
,IIII Ill IF)' FH IL11 11 kc�
- _ - -
ll3,sd91
1114 1)
Il i, ul l}F,i.
. 111 4TU1 1 Mt=:1 S [I1,5JA1 S -S V%0
I I IFq lq)
5 .11=._
The individual proprietary
Irwd schedules of comparing budget to
actual is reported
oil a
budgetary basis that
uses the mlodiliai 1cereal basis of acenuutiug
kith the exception
of
encumhianccs. Incumbrances
arc repurtcd as expenses in the year of encumbrance.
75
City o( Capc GilMCICAn, Missouri
NOTP.S TO BUDGE I ARY COMPARISON SCHEDULES
Junc 30, 2006
BUDGET S AND BUDGETARY ACCOUN7lNG - Continued
a
Solid
(iAAp fins,
Softball
""i",d11am_
Water
I°I'lll l' VLJr CpW nlhr:InI
coats
Opernllnr CAtCn SGc
S 2,029319
Capital Outlzps
S 71,651)
Ucpmci,nion
$(11,417)
Spcaal usscssmm�b
4.466
nond pmccnL,'
682
Intarest paid Icss than a¢nlcd
56,260
Interco cna aml"i"Id
94,617
Curl01 bond refunding .111101 irmiaa
-
14vancc Cost 6monimtiml
1307,969
Anumno llefCl ed to be used for fu WIC richt
66._149
Sono on capital appua.la0on bonds.
40.674
('onSmmtion fund ¢uni11aS
-
Imerest mbsidv rCwelced
-
Asset dispov t lass
_76,112
Ad,la91 invCrtmcnh to InarNct
-
-
678,66l,
Uccrcaec due to
-
Cnr-oul Cnumd.amccv
-
01"ClOnr eSpen Sea
75,197
( i"'tai..atlas
Landfill alosulc and
50.615
Intcnancc Cosa
-
IoI,,, I paid InutC lh.m aeenI,I
-
Band principul paid
-
%llllrWetl Bond prellllulll dlsUoullt
-
Issuance cosi paid
4C,2 11
155611) cu cull ill 10111 Ion
-
('I,,taI out C,
-
Ammm; deferred for tllflac deht
51692
cAafe nor Capnel
1600
upprcI Aion bonds
'2 1,
ntcnsl sobs id. Ic-I...d
_ .5,069
:Adlustnlatl 10 Iwhditc 4u
176
Il1w11 1111111111 1111 sl C10s1111
.�
IIne111n«en:,t,
._65,535
hnolntbranee regaled Iet cone
16 I'M
oebl Rcoreli l
595
AaSet n�,pn.nlnn:=
lacfcrted c
34.143
ncops
(lnnhmed M caplud
-
Bull It 61116
Net Income Q.o55)
Solid
Gall
Softball
s""'
Water
R'astC
coats
Coln �lcc
S 2,029319
S2.341.970
S 71,651)
S (24,192)
$(11,417)
15,885
4.466
11,667
682
333
56,260
x,686
94,617
-
-
1,S19,70-
1307,969
174.439
66._149
6,406
40.674
14,2S'
-
-
-
2/0'000
_76,112
'25510011
-
-
678,66l,
-
-
-
-
1189
75,197
11103
50.615
324j(I
-
-
-
107,830
-
-
-
4C,2 11
-
-
-
-
302L31
51692
44,051
1600
-
'2 1,
_ 36,2 14
_ .5,069
104
176
420611
6664091
OIS446
._65,535
-_6915
16 I'M
26,979
595
6953n
34.143
-
-
-
19 995
46 803
404
-
-
?N71,09"1
8,1111t1
172021
2(1861
-
_5.264
11311
3,1 IS
-
-
1.850
601)It
-
-
-
-
-
or,
-
-
ti65174
522654
'Sti,5S7
1_0.�S7
59"
44856
-
0610
- -
25 1)l lig
I SIIII
11" Co 1 01 —
41.1_3
TlIi
I1_ll:
z,155,I I
_ 1 967 ?01
- -
6958,X40
_II_10-7
_ 535,_'66 46,3"<
5 2-6 .911
S_1,; 611'1
S 168531 S (-. 3'1 S H.14--)
I6
City
of Cape Girardeau,
Missouri
NOTES TO BUDGETARY
COMPARISON
SCHEDULES
June 30,
2006
BUDGETS AND BUDGETARY
ACCOUNTING - Coutinucd
Ngt_Incomc
Loss
Dam
Rett linpinycc
Risk
I'�mpnicm
Procc"I'gunrnl
hm_f
\tD1 I .- cul
HlPcmwm
GAAPBasis
$ (106,1431
x318.316$(418,919)
5(110,9%6)
$ 2.242
Increase due to:
Prior year cncumbranccs
Operating expenses
210
61,121
- -
-
Capital outlays
-
-
- -
7,700
Depreciation
101,911
26,429
- -
203074
Bond proceeds
-
195,000
- -
-
Issuence cost amortization
-
546
..
Amortiicd bond premium%discount
-
-
- -
653
Adjust inycstnlents to market
208
421
352 4.538
i,797
Difference bclo,ccn proceeds trom
sale ,I ILccd a>scls and gain or lass
411
202,641
- -
21,747
Kcpaymcnt of u4ertund loans
-
- _
- -
29,146
106384
_485,612
352 4,115
_398,883
Decrease due to:
Ycar-cud cncumbranccs
Operating expenses
38
2,786
- -
-
Capital outlays
-
-
- -
9,9,0
Interest paid more than accrued
-
-
- -
137
Deterred racemes
-
614.220
- -
-
Issuance cost imol'tl7atlon
-
1,3o1
- -
-
Priucipul paid
-
4.871
- -
ISLrla6
Capital outlays
5717
107,910
- -
67,229
,,711
11,14E
- __
2.29,762
Budget Basis
S 0.934)
S 72,787 x(418,167)
$1146,436)
5 Ill,3o3
I 1 1 1 1 1 1 i 1 1 1 t 1 i 1 1 1 1
CITY OF CAPE GJR-),RDEAG. MISSOCRI
Schedule of Fundine Proeress
June 30. 200b
(b) (b -a)
[(b-a)%c)]
t
(a)
Enn} Age Unfunded
(c)
UAL as a
Actumial
Actuarial
Actuarial Accrued
(ab)
Annual
Percentage ut
Valuation
Value
Acertied Liability
Funded
Covered
Covered
Date
Of Assets
Liability (UAL)
Ratio
Payroll
Payroll
29.2004
S 26,1'_6591
S 23,085.756 S (3,040.835)
113%
$ 10,538,630
_, 8,^005
37,919.192
35,271.028 (2,648.104)
110%
11,349,845
'_'2S'^_006
29,658,595
2,764.616 ('_,011,979)
107%
12.249,700
See Independent Auditor's Report.
SUPPLEMENTAL IN FORM A'IION
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
City of Cape Girardeau
Flood Protection
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2006
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual
Amounts
(Negative)
REVENUES
nvestmentrevence
S
$
$
14,19
$ 14,19
Total revenues
14.19
1419
EXPENDITURES
Total expendannee
_
Excess (deficiency) of revenues
over (under) expenditures
14.19
14,19
OTHER FINANCING SOURCES (USES)AND SPECIAL ITEMS
Transfers out
(563.43)
(563.43)
Total other financing sources and uses and special items
( 563.43
)
(583.431
Net change In fund balances
-
(549.24)
(549.24)
Fund balancesbeginning549.24
549.24
54924
Fund balancesending$
54924 $ 54924
$
S (54924)
f 1 I 1 1 1 1 1 1 1 ► 1 i 1 1 i i 1
City of Cape Girardeau
Vision 2000
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2006
Budgeted Amounts
REVENUES
Investment revenue $
Total revenues
EXPENDITURES
Current
Development Services
1.000.00
Total current
L000.00
Total expenditures
1,00000
Excess(defbarcy) of revenues
C over (order) expenditures
(1,000.00)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers In
1,000.00
Transfers out
Total other fooncing sources and uses and special Items
1,000.00
Net change in fund balances
-
Fund balances -- beginning
2,935 45
Fund balances ending S
2,93546
Final Actual Amounts
]20.21
]20.21
120.21
(12021)
1.000.00
(1]19]9)
(119.19)
(1,500.00)
2,935.46
S 1,435.46
74421
1.000.00
(1,500.00)
(500.00)
(1.14] 13)
2,93546
$ 1,18113
Variance with
Final Budget -
Positive
(Negative)
(24.00)
(24.00)
(24.00)
12.48
279,79
219.19
35227
$ 352.21
1 1 1 1 f 1 1 1 1 1 1 i 1 1 1 1 11 1
City of Cape Girardeau
Convention and Tourism
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30. 2006
Variance with
Budgeted
Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Taxes
$ 1,317.500.00
5 1,317,500.00
$ 1,472,]45.19
$ 155,245.19
Investment revenue
24,000.00
24,000.00
40713.62
16,713.62
Test revenues
1,341.500.00
1,341,500.00
1,513.458.81
171,958.81
EXPENDITURES
Current:
Administrative
1,341,500.00
1,519,000.00
1,623,228.84
(104,228.84)
Total current
1,341,500.00
1,519,000.00
1.623.228.84
(104,228.84)
Total expenditures
1.341.50000
1,519,000.00
1.623.228.84
(104.228.04)
Excess (deficiency) of revenues
over (under) expenditures
(177,500.00)
(109,770.03)
67.729.97
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and uses and special items
Net change in fund balances
-
(177,500.00)
(109,77003)
67,729.97
Fund balances — beginning
1,375
596
315
1,375,586.36
1,375,586.36
Fund balances — ending
$ 1,375,58636
S 1,198,006.36
$ 1,265,816.33
$ 67,729.97
III Y I 1
i 1 1
1
1 1
City of Cape Girardeau
Downtown Business District
Statement of Revenues, Expenditures, and Changes in Fund Balances -
Budget and Actual
For the Year Ended June 30, 2006
Variance with
Budgeted Amounts
Final Budget -
Positive
Original Final
Actual Amounts
(Negative)
REVENUES
Taxes
$ 19,100D0 $ 19,100.00
$ 21,532.94
$ 2.432.94
MJsoellaneous
- -
500.00
500.00
Investment revenue
- -
1,618.06
1,618.06
Total revenues
19,100.00 19,100.00
23.651.00
4.551.00
EXPENDITURES
Current
Development Services
300.00 300.00
10,49751
(10,19751)
Total canon(
300.00 300.00
10,497,51
(10,19].51)
Capital outlay:
IJ Development Services
18,800.00 18,800.00
-
18,800.00
Total capital outlay
18,80000 18,800.00
-
18,800.00
Total expenditures
19.100.00 19.100.00
1049].51
8,602
49
Excess (deficiency) of revenues
over (under) expenditures
13.153.49
13.153
49
OTHER FINANCING SOURCES (USES) AND
SPECIAL ITEMS
Total other brace., sources and uses and
special Items
Net change in lune balances
- -
13.153.49
13.153.49
FVM balacces—beginning
39240.57 39,240.57
39.240.57
-
Fundbalances--ending
S 39,24057 $ 39,240.57
$ 52.394.06
$ 13,153.49
I 1 1 1 f 1 1 1 1 1 1 1 1 1 1 i i 1
EXPENDITURES
Current
Public Safety
Total current
r
—� OOplLl ouuay:
Public Safety
Total capital outlay
Total expenditures
Excess (deficie,y) ofrevenues
over (under) expenditures
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and usos and special items
Net change In !and balances
Fun^ balances— beginning
Fend balances -- ending
268.125 00
332,569 46
$ 332,569.46
7,500.00
332,56946
$ 33256946
250,720.20
8,900.00
33.219.73
33,219.73
332569 46
$ 365.789.19
Variance with
Final Budget -
Positive
(Negative)
3 9,658.09
7500
1,54985
17.404.80
33 21973
8 33.219.73
City of Cape Girardeau
Health
Statement of Revenues, Expenditures, and Changes in Fund Balances-
Budget and Actual
For the Year Ended June 30, 2006
Budgeted Amounts
Original Final
Actual Amounts
REVENUES
Taxes
8 256,875.00 S 256,875.00
5 266.533.09
Licenses d permits
5,000.00 5.000.00
5,075.00
In;eramemmental
6,150.00 6.150.00
7,699.85
I ,vestment revenue
7.60000 7,600.00
13.53199
Total revenues
275.625.00 275.625.00
292.839.93
EXPENDITURES
Current
Public Safety
Total current
r
—� OOplLl ouuay:
Public Safety
Total capital outlay
Total expenditures
Excess (deficie,y) ofrevenues
over (under) expenditures
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and usos and special items
Net change In !and balances
Fun^ balances— beginning
Fend balances -- ending
268.125 00
332,569 46
$ 332,569.46
7,500.00
332,56946
$ 33256946
250,720.20
8,900.00
33.219.73
33,219.73
332569 46
$ 365.789.19
Variance with
Final Budget -
Positive
(Negative)
3 9,658.09
7500
1,54985
17.404.80
33 21973
8 33.219.73
1 1 1 1 1 1 1 1 i 1 i 1 1 1 1 1 1 1
City of Cape Girardeau
Motor Fuel Tax
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30. 2006
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Intergovernmental
$ 1465.000.00
$ 1465,000.00
$ 1,546,208.89
$ 81,208.89
Miscellaneous
-
-
54,620.00
54,620.00
Investment revenue
6.000.00
6,000.00
10,959.96
4,95996
Total revenues
1 4]1,000.00
1,471,000
00
1,611,788.85
140,788.85
EXPENDITURES
Current,
Public Works
-
-
36.640.09
(36,640.09)
Total current
-
-
36,640.09
(36.64(y09)
z Capital outlay
Capital Improvement Projects
120,000.00
461,500.00
340,741.01
120,758.99
Total capital outlay
120,000.00
461,5C0.00
340,]41.01
120,758.99
Total expenditures
120,000.00
461,500.00
3]],381.10
84,118.90
Excess (deficiency) of revenues
over (under) expenditures
1.35100000
1,009,500.00
1,234,40].]5
224,90].]5
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers out
(1,145.000.00)
(1,280,000.00)
(1.280.000.00)
-
Totalotherfinancingsourcesandusesandspecialitems
(1,145,000.00)
(1280,000.00)
(1,280,000.00)
-
Netchange In fund balances
206,000.00
(270.500.00)
(45,592.25)
224,907
75
Fund balanced beginning
221,856.34
221,856.34
221,856.34
-
FunCbalances— ending
$ 427,856.34
($ 48,643.66)
$ 1]6.264.09
$ 224,90]]5
III 1 It 1 i 1 1 1 1 i 1 1 1 1 1 k 1 1
Variance with
Final Budget -
Positive
(Negative)
(21,434.99)
(21,434.99)
2,959 89
2,959.89
(18.475.10)
(14,009.63)
2.248.51
2,248 51
(11,761.12)
S (11,76112)
City of Cape
Girardeau
Capital
Improvement Sales
Tax -Flood
Control
Statement of
Revenues,
Expenditures, and Changes
in Fund
Balances
- Budget and Actual
For the Year Ended June 30,
2006
Budgeted Amounts
Original
Final
Actual
Amounts
REVENUES
Invesmaent revenue
$ 3,000.00
$ 3.000.00
$
],465.47
Total revenues
3,000.00
3,00000
7,46547
EXPENDITURES
Current:
Public Works
21,434.99
Total current
21.434
99
Capital outlov:
se Capital Improvement Projects
82,000.00
82,000.00
79,04011
Total capital outlay
82,000.00
82.000.00
79,040.11
Total expenditures
82,000.00
02,000.00
100,475.10
Excess (deficiency) of revenues
over (under) expenditures
(79,000.00)
(79.00000)
(93,009.63)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfer out
(85,000.00)
(82,751.49)
Total other financing sources and uses and special Items
(85,
000.00)
(82,751
49)
Net change in fund balances
(79,000.00)
(164,00000)
(175,76112)
Fund balances—beginning
293,141.99
293,141.99
293,141.99
Fund balances --ending
$ 214,141.99
$ 129.141.99
$
117.380.87
Variance with
Final Budget -
Positive
(Negative)
(21,434.99)
(21,434.99)
2,959 89
2,959.89
(18.475.10)
(14,009.63)
2.248.51
2,248 51
(11,761.12)
S (11,76112)
I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 L
City of Cape Girardeau
Capital Improvement Sales Tax -Water System Improvements
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30. 2006
Variance with
Budgeted Amounts
Final Budget -
Posilive
Original
Final
Actual Amounts
(Negative)
REVENUES
Taxes
$ 2,080,000.00
S 2,080,000.00
S 2.109,890
98
$ 29,890.90
[investment revenue
81250.00
81,250.00
107,056.96
25,806.96
Total revenues
2,161,250.00
2,161,250.00
2216,947,94
55.697.94
EXPENDITURES
Current
Development Services:
-
-
38,68044
(38,68044)
Total current
-
-
30,680.44
(38,680.44)
Debt service'.
m Administrative charges
7].410.00
77410.00
66,900.52
10,50948
` Interest
701.359.00
701,359.00
742,657.90
(41,29890)
Principal
870,000.00
870,000.00
670,000.00
-
Total debt service
1.648,769.00
1,648,769.00
1,679.550.42
(30,789.42)
Total expenditures
1,648,769.00
1,648,769.00
1,718238.86
(69,469.86)
Excess (deficiency) of revenues
ever (under) expenditures
512481.00
512481.00
49870908
03,771.921
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers In
11,250.00
11,250.00
86,859.06
75.609.06
Transfers out
(52373100)
(523,731.00)
(523.731.00)
-
Total other financing sources and uses and special items
(512.48100)
(512.481.00)
(436,871.94)
75 609-06
Net change in fund balances
-
-
61837.14
61,837.14
Fund balancesbeginning2,607,432.33
2,607,432.33
2,607,432.33
-
Fund lances --ending
$ 2.607,432.33
S 2,607.432.33
S 2,66926947
$ 61,837.14
City of Cape Girardeau
Transportation Sales
Tax Trust Fund
Statement of
Revenues,
Expenditures, and Changes
in Fund Balances
- Budget and Actual
For the Year Ended
June 30, 2006
Variance with
Budgeted Amounts
Final Budget
-
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Investment revenue
S 61.500.00
$
61,500.00
S 67,352.19
$ 5,852.19
Total revenues
61,50000
61,60000
67,352.19
5,852.19
EXPENDITURES
Debt service_
Administrative charges
2,500.00
2,500.00
-
2,500.00
Interest
38.868.00
38,868.00
38,868.00
-
Principal
123.000.00
123,000.00
123,000.00
Total debt service
164,368.00
164,368.00
161.868.00
2,500.00
Capital outlay.
Capital Improvement Projects
-
20,00000
35,075.46
(15.0]5.46)
Total capital outlay
20,000.00
35,075.46
(15,07546)
Total expenditures
164,368.00
184,368.0
196.943.46
(12.575.46)
Excess(defciency) of revenues
over (under) expenditures
(102,868.00)
(122,868.00)
(129,591.27)
(8723.27)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Special Assessments
11050000
110,500.00
140,630.99
30,130.99
Total other financing sources and uses and special Items
110,500.00
110.500 00
140,630.99
30,130.99
Net change in fund balances
7,63200
(12,368.00)
11,039.72
23,40772
Fund balances—beginning
653,304.97
653.304.97
653,304.97
Fund balancesending$
660,936.97
$
640936.97
$ 664.344.69
5 2340772
Y Y i i I 1 1 1 1 1 1 i 1 1 1 1 I Y
City of Cape Girardeau
Capital Improvement Sales Tax -Sewer System Improvements
Statement of Revenues, Expenditures, and Changes in Fund Balances- Budget and Actual
For the Year Ended June 30, 2006
Budgeted Amounts
Actual Amounts
$ 2.110.089 88
18,182.95
2,128,272 83
38.680.47
38,680.47
38 680.47
2,089,592.36
(1,994,123 74)
(1,994,123 74)
95,468.62
738,633.83
IS 834,102.45
Variance with
Final Budget -
Positive
(Negative)
3 30,089.08
,932.95
32.022.83
(38.68047)
(38.680.47)
(38.680.47)
(6.657.64)
66,976 26
66,976.26
6031862
$ 60.318.62
Original
Final
REVENUES
Taxes
$ 2,080,000.00
$ 2,080,00000
Investment revenue
16.250
00
16250.00
Total revenues
2,096,250.00
2,096,25000
EXPENDITURES
Current
Development Services
Total current
Total expenditures
X
Excess (deficiency) of revenues
over (under) expenditures
2,096,250.00
2,096,250.00
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers out
(2,061,100.00)
(2061,100.00)
Total other financing sources and uses and special items
(2,061,100.00)
(2,061,100.00)
Net change in fund balances
35,150.00
35,150.00
Fund balances—beginning
738,633.83
738,633.83
Fund balances -- ending
$ 773,783.83
$ 773.783.03
Actual Amounts
$ 2.110.089 88
18,182.95
2,128,272 83
38.680.47
38,680.47
38 680.47
2,089,592.36
(1,994,123 74)
(1,994,123 74)
95,468.62
738,633.83
IS 834,102.45
Variance with
Final Budget -
Positive
(Negative)
3 30,089.08
,932.95
32.022.83
(38.68047)
(38.680.47)
(38.680.47)
(6.657.64)
66,976 26
66,976.26
6031862
$ 60.318.62
1 1 1 1 1 1 i l i t i i 1 1 1 1 i 1
City of Cape Girardeau
Fire Sales Tax Fund
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2006
Variance with
Budgeted
Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Taxes
$ 2,020,000.00
S 2,020,000.00
$ 2,052,41547
$ 32415.47
Investment revenue
-
-
2,98690
2,906.90
Total revenues
2,020,000.00
2,020.000.00
2.055.402.37
35,402.37
EXPENDITURES
Total expenditures
-
-
_
Excess (deficiency) of revenues
over (under) expenditures
2020,000.00
2,020,000.00
2.055 402,37
35402.37
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
�. Transfers out
(2,020 000 00)
(2.042.000.00)
12.030,325701
11,67430
Total other financing sources and uses and special items
(2.020 00(1001
(2042,000.00)
12.030.325 70)
11,674
30
Net cbange in fund balances
-
(22.000.00)
25,076.67
47,076.67
Fund balancesbeginning164,945.12
164,945,12
164,945.12
-
Fund balances— and ing
S 164.945.12
$ 142,945.12
$ 190,02179
$ 47.076.67
I I 1 1 1 1 1 1 1 1 i 1 1 I 1 i ( 1
City of Cape Girardeau
Transportation Sates Tax Trust Fund III
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2006
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Taxes
S
- $ -
S 1-633.05388
$ 1.633.053.88
Investment revenue
- -
11,304-35
11,304.35
Total revenues
- -
1,644,35823
1 644,358.23
EXPENDITURES
Current
Development Services
- -
26,879.19
(26,079.19)
Total current
- -
26,879.19
(26079.19)
Capital outlay.
Capital Improvement Projects
- 400.000.00
384,43373
15,566.27
Total capital outlay
- 400.000.00
384.433.73
15,56627
Total expenditures
400,000.00
411.312.92
(11.312.92)
Excess(deficiency) of revenues
over(undep expenditures
(400.000-00)
1,23304531
1.633.045.31
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and uses and special Items
- -
-
-
Net change In fund balances
- (400 000 e0)
1.233,045 31
1.633,045.31
Fund balances — beginning
-
-
-
Fundbalances—ending
$
- (S 400 00000)
S 1233.045.31
5 1,633.04531
A 1 t I 1 1 1 I I I 1
City of Cape Girardeau
Debt Service
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30. 2006
Budgeted Amounts
Original Final Actual Amounts
REVENUES
Taxes $ - $ - $ 1,882.68
m racellaceuus 2],149.00 27,14000 2],130.70
Imrosrment revenue 18 50000 18 500 00
4'.640.00
202.70106
979,970.00
1.023.900.00
1, o.10 61
$ 292.838.74
3,681.; 6
52,695 14
3062
182,518 74
Big 190 09
(950 777811
875,000 00
(5,57428)
373.61980
$ 368,045.52
Variance with
Final Budget -
Positive
(Negative)
5 1,882.68
(93 ,
20.182 32
179228 73
179.198.11
(148,000.00)
75206.78
$ 75 206.78
Total revenges
45.640.00
EXPENDITURES
Current
Debt Service
_
Tatal Intent
_
Deur service_
— Adm'mistrabve changes
Interest
188,795.00
Principal
453,630.00
Total debt service
642,395
e0
Total expenditures
642,395.00
Excess (opinions, of revenues
over (under) expenditures
(59675500)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
T,nnsters In
515,000.00
Special assessments
33,250-00
Total other financing sources and uses and siecli Items
548.25000
Net change In fund balances
(48,505.00)
Fund balances beginning
372.6t9.80
Fund balances—onding
$ 325.114.80
4'.640.00
202.70106
979,970.00
1.023.900.00
1, o.10 61
$ 292.838.74
3,681.; 6
52,695 14
3062
182,518 74
Big 190 09
(950 777811
875,000 00
(5,57428)
373.61980
$ 368,045.52
Variance with
Final Budget -
Positive
(Negative)
5 1,882.68
(93 ,
20.182 32
179228 73
179.198.11
(148,000.00)
75206.78
$ 75 206.78
1 1 1 1 1 1 1 1 i 1 f 1 1 1 i 1 9 1
City of Cape Girardeau
General Capital Improvements
Statement of Revenues, Expenditures, and Changes in Fund Balances- Budget and Actual
For the Year Ended June 30. 2006
Variance with
Budgeted
Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Intergovernmental
5
-
5
-
5 38,923.05
$ 38,923.05
Miscellaneous
-
-
8,23115
8,231A5
Investment revenue
6,000.00
6.000.00
1,719.59
(4,280.41)
Total revenues
6,000.00
6,000.00
48,0]3.]9
42.873.]9
EXPENDITURES
Debt service:
Interest
-
-
111.30
(111.30)
Total debt service
-
-
111.30
(111.30)
I' Capital outlay:
Capital Improvement Projects
-
37,000.00
3],1]9.69
(179.69)
Total espial outlay
-
3],000.00
3],1]9.69
(179.69)
Total expenditures
-
37,000.00
37290.99
(290.99)
Excess dMfb,,ency) of revenues
over (under) expenditures
6.000.00
(31,000.00)
11,582.00
42,532.80
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and uses and special items
-
-
-
-
Netchangeinfundbalances
6.000.00
(31,000-00)
11,582-80
42,58280
Fundbalances- beginning
189.498.67
189,490.67
189,498.67
-
Fund balances -- ending
S 195 498.67
5 158,498.67
$ 201,081
47
-T-42 582,80
1 1 1 1 i 1 1 1 1 1 1 1 i 1 1 1 i 1
City of Cape Girardeau
Street Improvements
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2006
Variance with
Final Budget -
Budgeted Amounts
Positive
Odglodl
Final
Actual Amounts
(Negative)
REVENUES
n vestment revenue
5 -
S -
5 24.458.06
$ 24,458.06
Total revenues
-
-
2M1458.06
24,458.06
EXPENDITURES
Capital outlay
Capital Improvement Projecs
363.300,00
823.300.00
551,142.68
272.15732
Total capital outlay
363,300.00
823,300.00
551.142.68
272.15].32
Total expenditures
363.300.00
823,300.00
551,142.68
272,157.32
Excess%deficiency) of revenues
— over funded expenditures
1363.300-001
(823.300-00)
(526.884.62)
296,615.30
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers in
-
20 000.00
20.000.00
-
Special assessments
-
-
17,45042
17,450.42
Totai other financing sources and uses and special Items
-
20.000.00
37,450 42
17,450.42
Net change In fund balances
(363,300.00)
(803,300.00)
(489234.20)
314,065.80
raid balancus—bagionmg
481,746.55
481.746.55
481746.55
-
F,jnobalarefe, ending
$ 118,44655
(S 321,553.45)
is 7,48765)
$ 314,06580
1 1 1 1 It 1 1 1 1 Y 1 It 1 i 1 1 i 1
City of Cape Girardeau
Park Improvements
Statement of Revenues, Expenditures, and Changes in Fund Balances- Budget and Actual
For the Year Ended June 30, 2006
Original Final
REVENUES
Intergovernmental
Investment revenue
Tolal revenues
EXPENDITURES
Deb15enAce
Interest
Total debt service
_ Capital Outlay
? Capital Improvement Pnjectc
Total capital outlay
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and uses and special items
Yet change In fund balances
Fund balances -- beginning
Fund balances—ending
63.767.72 63,76772
$ 63,76772 S 63,767.72
Actual Amounts
$ (42,69891)
264.62
(42,434 29)
660.17
660.17
(27,539.01)
(27,539.01)
(26,878.84)
(15,555.45)
63,76772
$ 48,212.27
Variance with
Final Budget -
Positive
(Negative)
$ (42.698.91)
264.62
(42,434.29)
(660 17)
(660.17)
(27,539.01)
(27,539,01)
(26 878 84)
(16,65545)
$ (15,55545)
I 1 1 1 i 1 1 1 1 1 1 1 1 1 1 i 1 1
City of Cape Girardeau
PAID Grant Projects
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2006
Variance with
Budgeted Amounts
Final Budget
-
PosHive
Original
Final
Actual Amounts
(Negative)
REVENUES
vestment revenue
511.000.00
$1:.000.00
513,77673
$2,77672
%locellaneous revenue
-
-
_
-
Total revenues
1100000
11.000.00
13,77673
2]7673
EXPENDITURES
Capital outlay'
Capital Improvement Projects
-
86,000.00
85,95000
50.00
Total capital outlay
-
86,000.00
85.950.00
5000
Total expenditures
-
86.000.00
85,950.00
50.00
Excess (deficiency of revenues
�over! under) expendit-res
11030.00
(75,000-00)
(72.173.29)
2.82673
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and uses and special items
Net change In fund balances
11000.00
(75
000
30)
(72,173.27)
2,826.73
F,nd be la ncas beginning
422.52443
42252443
42252443
-
Fundbalances—ending
$ 433.524.43
S 347,52443
S 350.351.16
5 2,82673
1 I 1 1 1 1 i i 1 1 1 1 1 1 11 1 1 1
City of Cape Girardeau
Community Development Block Grant Projects
Statement of Revenues, Expenditures, and Changes in Fund Balances- Budget and Actual
For the Year Ended June 30. 2006
Variance with
Final Budget -
Budgeted Amounts
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
morgovegmrental
5
503,000.00
S 503,000.00
$ 107,46754
S (395,53246)
.,vestment revenue
-
-
147758
1,477.58
Total revenues
50300000
503,00000
108,945.12
(394,054.88)
EXPENDITURES
Current:
Development Services
544,000.00
544,000.00
121,612.01
422,387.99
Total current
544,000.00
544.000.00
121,612.01
422.387.99
Debt service:
Interest
-
-
756.04
(756.04)
Total debt service
-
-
76804
(756.04)
Total expenditures
544.01
544,000.00
122,368.05
421,631.95
Excess (deficiency) of revenues
over (under) expenditures
(41,000.00)
(41,000.00)
(13,422.93)
2],57707
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers In
25,000.00
25,000.00
25,826.68
826.68
Total other financing sources and uses and spedal Items
25,000.00
25,000.00
25,826.68
826.68
Net change In fund balances
(16,000.00)
(16,000.00)
12,403.75
28,403.75
Fund balances — beginning
48,418.17
48,418.17
48.418.17
-
Fundbalances— ending
S
32,418.17
5 32,418.17
$ 60,821.92
s7- 28,403.75
1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 i i 1
City of Cape Girardeau
Corp Flood Control Projects
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2006
Variance with
Budgeted
Amounts
Final Budget
Positive
Original
Final
Actual
Amounts
(Negative)
REVENUES
I .vestment revenue
$
$
$
26.79
$ 26,79
Total revenues
26.79
26.79
EXPENDITURES
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
26.79
26.79
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers
85.000.00
82,751.49
(2,248.51)
Total other financing sources and uses and special items
85.000.00
82.751.49
(2,248.51)
Net chenge In fund balances
-
85,000.00
82,77828
(2,221.72)
Fund balances -- beginning
24,002.02
24.002.02
24,002.02
FunC balancesendingS
24,002.02
S 109.00202
S
106,78030
g (2,221.72)
I 1 1 1 1 1 l 1 1 1 i f 1 1 1 1 1 1
City of Cape Girardeau
Sewer
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30. 2006
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Residential charges
S 1,57714400
5 1.517,14400
5 1608,16682
S 3102282
Commercial charges
1,019,20000
1,019,200.00
965.18387
(54, D3613)
Other fees. nit charged
44,00000
44,000.00
4073727
(3,26273)
Mlscellanaous
1800000
1800000
12,616,75
(5.38325)
Total revenues
2,658,344.00
2,65834400
2,626.684.71
(31 65929)
EXPENDITURES
Current
Contractual services
152,21400
16279800
167,040.12
(4.242.12)
General operating expenses
48,260.00
46.16000
50.313.92
(2,15392)
Internal service expense
120,443.00
120.44300
126,745.86
(630286)
Material and supplies
302,638.00
307,53300
368,302.29
(60,76929)
Personnel services
1,343,464.00
1,343 46400
1,327,915.99
15,488 01
Special projects expense
6890000
62.816.00
20154904
(138733.04)
t Total... real
2,035,919.00
2.045.21400
2,241,92722
(196713.22)
Debt service_
Administrative charges
149,068.00
149,068.00
147,323.65
1,74435
Interest
390,884.00
(89,467,00)
(164,61439)
75,041.39
hardtop
-
-
1,849
.81
(1,849.81)
Fruit
1,85182900
2864,005.00
2,81109677
(7091 77)
Total debt service
2,391,781.00
2,92360600
2855.155.84
67,850.16
Capital outlay
Capital Improvement Projects
12500000
125,250.00
(301,31444)
427,564.44
Equipment
33807600
345,031.00
349,18095
(4,149.95)
Other Capital Expenditures
250,000.00
247.500.00
12337736
124,122.64
Total capital outlay
713,076.00
718,781.00
171 243.87
547,531.13
Total expenditures
5,140,11600
5,68760100
5268,926.93
418,67407
Excess (deficiency) of revenues
over (under) expenditures
(2482432.00)
(3,029251.00)
(2,64224222)
387,01478
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Intergovernmental
-
-
(173,93902)
(173,93902)
Transfer, in
2,061,10000
2.061,100.00
1,994,12374
(66,97626)
Investment revenue
37,80000
37,80000
331711,74
293.91174
Connection fees
125,000.00
125000.00
187,040.00
62,040.00
Special assessments
13.00000
13,00000
40,673.51
27,673.51
Bond Proceeds
-
-
270,000.00
270.000.00
Asset asphaltion
74,511
79,50000
25372345
174,22345
Other non-operating revenue
1550749
15 50749
Total other financing sources and uses and special Items
231140000
2316400.00
2,918,84091
602,440.91
Net change in fund balances
(171,032.00)
(71285700)
276598.69
989.455.69
Fund balances beginning
3045,20904
304520904
3,045,209.04
Fund Balance-- ending
�4
177
5 2332352.04
S 3.321807.73
5 98945569
I 1 i 1 1 1 1 1 1 1 i 1 1 1 1 1 1 1
City of cape Girardeau
water
Statement of Revenues, Expenditures. and Changes In Fund Balances - Budget and Actual
For the year Ended June 30. 2006
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Ne9ative)
REVENUES
Fsdeneal Thames
5 3-C23,1820o
S 3023.182,'JO
S 3.066
Taff .69
5 43,263.69
C n31c5ames
2,114,900
OC
2.114,900.00
2,08040023
(26,419.77)
Cldelee. and charges
171250.00
171.250.00
21340009
41,834.89
mcrallenaous
1.3.700.00
13.700.00
10,15980
0459.88
Toal revenues
5323,03200
5323,03200
5,306.17069
63.130.69
EXPENDITURES
Cur on,
Conlredual services
3,192648.00
3.19iiTO
3,132500.61
60 147,39
General ope2lina expenses
150,875.00
168.875.00
193,03112
(24,156.12)
Inlemal service expense
46.001.00
46.001.00
43.21350
2,787.42
Material and arralpes
371,000.00
420,10639
453,493-80
(33,387 a9)
Personnel services
11143800
111,430-00
110.52884
90916
Spenal...... s expense
65.00000
65
Carl
35528.78
29,47122
�. total,rerun,
3.945.06000
4,00406839
3,968.295.81
3517150
Cebt service:
Atlmmislrz:ire cnm_ve,
1.900.00
900.09
90000
interest
420,539.00
401,53900
413,99712
(12,458.12)
.,r etas,
-
150.000.00
150934.9
(934.27)
Pem,pof
062151.00
8,412
151 00
0,4,2.15
139
(0.39)
ro,al JdA sin,-
1,204,590.00
0,96459000
8.977.08270
(12,49270)
Capital oullay.
eaOM1al 1,11r,"Int Polack
-
295.00000
359,21966
(74219.56)
E9uipmen,
14,43000
147,711-61
70,666.21
77,0454U
Orion Cap4a, E"Iel
33,257.12
(33,257.12)
Total capital outlay
152,43000
442711.81
473,142.99
(30.a3138)
Trial expenditwes
6.302870.TO,
13411370
00
13 418,522
58
17.152 580
ess(re6Clencyl of .as,
uss
aver(under) expeMitmes
(59.030.00)
(0.08833000)
18,032.36,4,9)
55,986.11
OTHER FINANCING SOURCES (USES) AND
SPECIAL ITEMS
.ergavemn.en,al
-
-
348.690,46
346,698.46
Transfers In
12000000
120.000.00
120,000.00
-
esslmen,revenue
125.025.00
lgr)2�.00
145,69645
20.67145
Special asse.smens
4000.00
4
Duo .Off
14,284.66
10,284-66
glad pmceeds
7,276.11750
7.276.111 50
Asset disposition
5,00000
5.000-00
51.656-65
46,68665
Other non-uperaLng revenue
18192
181 92
Total other '.— no sources and uses antl
speoal Items
25a
,0y00
254.025.00
7,954,659.64
7700,634.64
Nal change In fund notorious
194.19700
(7.034313
CIO)
(77.692.25)
7756,62(1
I untl balances—reuiiona_
d, 164.19999
4,164,19899
4.164.19899
Front balances —ending
S 4,15850599
6 1G74n
101)
_L_4 086
506 74
8 7756,62075
1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1
30 C94 C0
10]75 UC
103 50010
122275 00
2758,963.00
(97 748311
8 E06 CC
4778ano
20.eoo co
-,47784.)07
3710600
(60.642170,
843.124.33
129.'E
P
1, 146.04e.2_.
83,006,46
2.40075141
38,45349
9.549 42
201 4205:
210,969-93
2905.14881
`212.949.bJ)
850010
47 764 40
42242 66
205 COO 00
11 USE 22
1,31115
(47784401
271 p9 CS
158.829 52
040.124.33
5, r9 361
1 01 824 49
Variance with
Final Budget -
Positive
(Negative)
S (13 775671
773 26
2915]22
1767910
12849 731
30.98428
31,66427
,3300 661
23.17215
11 394 4
26,137 75
87854
89,946 59
/5,359491
(1,95257)
1137, 125th)
(11 D3 7 L' 1
9,225 58
(97920 51)
(88.69491)
(146.'.858^)
(115,201 53)
(25 90)
040
13 74268
285.000.00
84 CBs 22
1 871 Do
00 40)
334 673 05
219471 52
$ 219,47152
City of Cape Girardeau
— soeoalpr�y�i n.in"i—
05.001OC
Solid Waste
2515.69809
Statement of Revenues. Expenditures, and Charges inFund Balances-
Budget and Actual
30.094 -OJ
For the Year Ended June 30, 2006
Pringtoe
Budgeted Amounts
Tor .1 dant orr.,-z
6699C aC
:apd31 ominy
Original Final
Actual Amounts
18.77599
REVENUES
TC1al capital mlav
tcodenliel charges
5 1113TOO 11 5 1.443.'co to
$ 1,829.624_93
.. _ o the"
26.75000 267_6UU
27 523 26
""Ofer.Cnron.lio"5
681315.31 682315.10
7128722
(t h, Tec .nvl charyss
71,010.31 7101669
88 679 2C
Ms... us) cus
3615JJO 36.75603
3390027
tmal revenues
2,661.215. C0 2.561,215.11
'2,69219918
F%PENOITURES
Omer - ot— itsrc.. nrt,
-
-tores,
T old. frirnc o and e. LLord' ife,is
Contras otsenrces
9271-7.00 969362.1"
937,69773
Genal Cperaling expenses
10021 CO 41,434.11
4373466
Ihl-ral rDrn se
183.92700 183,927.00
160]64.05
r
darea] and s spidles
t05OE5.0] 1'8 83C
107,43546
Personnel -e
1'7T—)0) ^I 1 .1 "1
30 C94 C0
10]75 UC
103 50010
122275 00
2758,963.00
(97 748311
8 E06 CC
4778ano
20.eoo co
-,47784.)07
3710600
(60.642170,
843.124.33
129.'E
P
1, 146.04e.2_.
83,006,46
2.40075141
38,45349
9.549 42
201 4205:
210,969-93
2905.14881
`212.949.bJ)
850010
47 764 40
42242 66
205 COO 00
11 USE 22
1,31115
(47784401
271 p9 CS
158.829 52
040.124.33
5, r9 361
1 01 824 49
Variance with
Final Budget -
Positive
(Negative)
S (13 775671
773 26
2915]22
1767910
12849 731
30.98428
31,66427
,3300 661
23.17215
11 394 4
26,137 75
87854
89,946 59
/5,359491
(1,95257)
1137, 125th)
(11 D3 7 L' 1
9,225 58
(97920 51)
(88.69491)
(146.'.858^)
(115,201 53)
(25 90)
040
13 74268
285.000.00
84 CBs 22
1 871 Do
00 40)
334 673 05
219471 52
$ 219,47152
— soeoalpr�y�i n.in"i—
05.001OC
Total current
2515.69809
Inlamcl
30.094 -OJ
cr..
Pringtoe
3589609
Tor .1 dant orr.,-z
6699C aC
:apd31 ominy
Equipment
18.77599
Omer Caphal Exp hilar_
TC1al capital mlav
18,775 DO
L I
TCupcnddo'ce
2.600,463. JC
E --;deficiency of revenues
or. ,e. Nen ax or ndl""
6075 -.CC
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
miorntal
a 3C6.CC
_ s", tave
I"rhos", em
2850000
7otai no—o!,
-
Aaset ni-.odrr.a,
-
Omer - ot— itsrc.. nrt,
-
Ir,,of om
T old. frirnc o and e. LLord' ife,is
87.'06.10
Nal c ....r r. luno dela s_.,
97,066.0_
. and no'pn.,r=. masob
'24._
sound q ,t, iio
_[
lund as -eMm9
4 941.8.'1 -
30 C94 C0
10]75 UC
103 50010
122275 00
2758,963.00
(97 748311
8 E06 CC
4778ano
20.eoo co
-,47784.)07
3710600
(60.642170,
843.124.33
129.'E
P
1, 146.04e.2_.
83,006,46
2.40075141
38,45349
9.549 42
201 4205:
210,969-93
2905.14881
`212.949.bJ)
850010
47 764 40
42242 66
205 COO 00
11 USE 22
1,31115
(47784401
271 p9 CS
158.829 52
040.124.33
5, r9 361
1 01 824 49
Variance with
Final Budget -
Positive
(Negative)
S (13 775671
773 26
2915]22
1767910
12849 731
30.98428
31,66427
,3300 661
23.17215
11 394 4
26,137 75
87854
89,946 59
/5,359491
(1,95257)
1137, 125th)
(11 D3 7 L' 1
9,225 58
(97920 51)
(88.69491)
(146.'.858^)
(115,201 53)
(25 90)
040
13 74268
285.000.00
84 CBs 22
1 871 Do
00 40)
334 673 05
219471 52
$ 219,47152
i i 1 1 1 1 1 1 f i 1 1 i 1 1 1 1 1
City of Cape Girardeau
Golf Course
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30. 2006
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
User fees
S 427,250.00
5 427.250.00
S 413.515.11
S (13,734.89)
Concession revenues
74,000.00
74,000.00
78,161.10
4,161.10
Equipment sales
10.000.00
10,000.00
9A26.50
(9]3.50)
M isoollanegus
-
-
99.26
99.26
Total revenues
511,250
OC
511.250.00
500,801.97
(10,448.03)
EXPENDITURES
Current'.
Contractual services
34,920.00
37.278.00
33,694.11
3,583.89
General operating expenses
50,550.00
56.550.00
62,613.12
(6,063.12)
internal service expense
62,977.00
87477.00
91,401 27
(3.924.27)
Material and supplies
67,307.00
74.149.00
91,09568
(16,856.68)
—_ Personnel services
293,908.00
293.908.00
293,687.67
220.33
Special projects expense
6,700.00
8,200.00
8,870.62
(670.62)
Total current
516,362.00
557.562.00
681,272.47
(23,71047)
pert service,
Interest
18.405.00
16,405.00
17,371.05
(966.85)
Principal
20.860.00
20.060.00
20,86131
(131)
Total debt service
37,265.00
37.265.00
38,23316
(968.16)
Capital outlay.
Equipment
34.000.00
36,600.00
22,18693
14.413.07
Total capital outlay
34,000.00
36.600.00
22,186.93
14,413.07
Total expendiWree
587.627.00
631,427.00
641,692.56
(10.265.56)
Excess (deficiency) of revenues
over (under) expenditure,
(76.37740)
!120.177.061
(140.090.59)
(20,71359)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers In
75,127.00
129,336.00
135,852.67
6.516.67
nvesiment revenue
1250.00
1,250.00
754.96
(495.04)
Asset dlspocon
-
-
2,051.25
2.051.25
Total other fnancing sources and uses and special items
76377.00
130,586.00
138,658.88
8.072.88
Net change in fund balances
-
10,409.00
(2,231 71
(12,640]1)
FUM balances -- be,rioing
7,709.70
7,70970
7,709.70
-
Furdbalances— ending
5 7,709.70
$ 18,110.70
$ 547799
($ 12.640.71)
1 1 1 1 1 i i 1 1 1 1 1 1 1 1 1 1 1
City of Cape Girardeau
Softball Complex
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2006
Variance with
Final Budget -
Budgeted
Amounts
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
User fees
S
71,350.00
S 71,350.00
5 63.289.61
S (8.060.39)
Concession revenues
68,000.00
68,000.00
82.859.80
14,059.00
Equipment sales
9,500.00
9,500.00
7,408.75
(2,091.25)
Miscellaneous
4,250.00
4250.00
5.349.54
1,099.54
Total revenues
153,100.00
153,100.00
158.907.70
5,807.70
EXPENDITURES
Current.
Contractual services
18,588.00
19,781.00
34,746.08
(14,965.08)
General operating expenses
53.053.00
51003.00
55,132.90
(2,129.90)
— Internal service expense
23,200.00
26200.00
2746673
(1266.73)
I" Material and su Fp es
57.728.00
58,585.00
63.004.00
(4,419.00)
Personnel services
282,153.00
282,153.00
281,114.31
1,038.69
Special projects expense
9,18000
9,180.00
3,967.13
5.212.87
Total current
443.902.00
448.902.00
465,431.15
(166.529.151
Debt service:
Interest
5.700.00
5,700.00
6,793.18
(1,093.18)
Total debt service
5,700.00
5,700.00
6.793.18
(1,093.10)
Capital outlay.
Equipment
6,500.00
6,500.00
-
6.500.00
Total capital outlay
6,50040
6,500.00
-
6.500.00
Total expe,dayres
456,10200
451,102.00
472,224.33
(11,122.33)
Excess (deficiency) of revenues
over (under) expenditures
(303.002.00)
(308,002.00)
(313,316.63)
(5.314.63)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers,,
302,152.00
307,852.00
307,354.02
(49798)
Investment revenue
050.00
050.00
1,420.72
57072
Total other financing sources and uses and special items
303,002.00
308,702.00
308,774.74
72,74
Net change In fund balances
-
700.00
(4,541.89)
(5,241.89)
fund balances—beginning
9,54189
9,541.89
9,541.89
-
Fundbalances --ending
S
9,541.89
S 10,241.89
$ 5,000.00
(S 5.24169)
1 1 i 1 i 1 1 1 1 1 1 1 1 1 1 1 1 i
City of Cape Girardeau
Management Information Systems
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2006
Original
Final
Positive
Actual Amounts
(Negative)
REVENUES
$
310,000.00
86,586.12
Internal charges
$ 310.000.00
2,445.04
2,699.96
$ 310,000.00
118,598.44
(103,14844)
Total revenues
310,000.00
5,67867
310.000.00
(104,280.93)
EXPENDITURES
126,363.00
5,737.00
126.363.00
317,602.93
Current:
(7,60293)
22,082.07
1,668.81
1,668.81
Contractual services
77,07500
1,668.81
77075.00
23,750.88
General operating expenses
5,145.00
$ 43,349.87
5.145.00
Material and supplies
15,450.00
15,450
00
Personnel services
109.915.00
109.915.00
Total current
207,585.00
207.58500
Capital outlay.
Equipment
132,100.00
132.101
Total capital outlay
132,100.00
132.100.00
Total expenditures
339,685.00
339.685.00
Excess (deficiency) of revenues
over torsi expenditures
(29,685.00)
(29.685.00)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Investment revenue
Total other financing sources and uses and special Items
Net change In fund balances
(29,68500)
(29,685.00)
Fund balances — beginning
49,283.99
49,283.99
Fund balances—ending
$ 19,598.99
$ 19,598.99
Variance with
Final Budget -
Positive
Actual Amounts
(Negative)
$ 310,000.00
$
310,000.00
86,586.12
(9,511.12)
2,445.04
2,699.96
118,598.44
(103,14844)
104,236.33
5,67867
311,865.93
(104,280.93)
5,737.00
126,363.00
5,737.00
126.363.00
317,602.93
22,082.07
(7,60293)
22,082.07
1,668.81
1,668.81
1,668.81
1,668.81
(5.93412)
23,750.88
49.283.99
$ 43,349.87
11 23,750.88
I Y i 1 f 1 1 i 1 1 1 1 i 1 1 1 1 1
City of Cape Girartlmu
Floor Management
Statement of Revenues, Expenditures. and Clonges in Fund Balances � Budget and Actual
For the Year Ended June 30. 200E
Variance with
0uded.al Amounts
Final Budget -
Positiv
Ou'vel
Final
Actual Amounts
[Negative)
REVENUES
-._mal cnarges
S
1, 043p30. CC
,3nr1
S T. �43d 01 02
S 1A50,G0O00
S ),00000
1 ¢al levan,,,,
1.013, Cali 00
1043,000.00
1,050.000.00
),00000
EXPENDITURES
e31
C-Intateal aeiwce,
145-).9.0,,
170 .73
1,.)0961
23,26135
General operating ezperaea
1150.00
5]60.00
2.-5810
2 151 50
Infernal semce ezoense
2262.00
226200
2262 DO
-
I.tare-ralundsic,
30257200
33251.00
317.04569
14 727 31
Pur annnel se, comes
a78.Fed 00
5)8,80200
593.85228
(15,05028;
Total--rit
1,034]5000
1,Van 76D00
1.064,998.12
25.12100
Total sernce
nares.
-
28-'2.5)
1204257)
F Isauari-
_
133597
(1,335 97
P -o, ,,l
.
_
4,071.00
14.8)5001
Total Berl
9.063.64
19.051541
Cardial outlay:
EPnpmenr
200-.00
4,r52)C
-
43 52 09
OOiol Capital EspenNlures
-
153.646.00
t07y50.1a
45.EW.06
Trial capital CULay
2 HOT OS
150.001.00
107950.14
50,049.06
Trial upenmlwee
1A36]50.00
1,247760.-1
1.t 61,541.8)
66.11025
E.c-Sa (dar�aennl of ie.er�„�
1,;under) expenditeres
62-1 CC
1230, 76,CC'
(131,541 SM
73.118 21
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers in
-
'55.930.00
155,929.54
(046)
-'t evcnue
3003.90
3.OCT 00
is, -ii 3i
15,11131
Bond T—f,
-
-
195?OO.00
195.000.00
Aaet J,"oucn
11,28377
11,283 77
Mher rain opeaen9 "avenin,
-
2.017.31
2,817 31
Tra-stesor
11150001,
116713000;
1173 713 31
(1128331)
FrIalotne, inanc Fig,Curces and uses and special nems
1O5C000i
(3,19000,
204,428.62
212,928.62
H-1 h, in fun Lr ul
1226C -9O
121323ODC1
72]7li 82
286,046.82
Ibrd ank nces seg nan,
-C '503
76.35:13'
76.0.1.31
-
P {. 111j,, "”,
13392750,
(93.927577
(93,927501
-
F. J u, , no
^
rS 2311371-1
5 51'1,"63
5 296646.82
1 i 1 1 f 1 f f I Y 1
City of Cape Girardeau
Fringe Benefits
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2006
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Internal charges
$ 2,562,70000
$ 2,562,700.00
$ 2,462,155
35
(100,544.64)
Miscellaneous
97661
976.61
Total revenues
2.562,700
00
2.562.700.00
2,463.131.97
(99,568.03)
EXPENDITURES
Current
Contractual services
2457,525.00
2,732,525.00
2781,105.28
(48,580.28)
Total current
2,457
525.00
2,732,525.00
2.781,105.28
(48,580.28)
Debt service_
Interest
21826
(218.28)
Total debt service'.
218.26
(218
26)
Total expenditures
2.457525.00
2,732,525.00
2,781,323.54
(48798.54)
Excess (defiesup,) of revenues
ever(pndpr) expenditures
105.17500
(169,825.00)
(318,191.57)
(148,366.57)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Investment revenue
9,000.00
9,000.00
13.799A0
4,799.10
Transfers out
(114.175.00)
(114,175.00)
(114,175.00)
Total other financing sources and uses and special items
(105,175.00)
(105,175.00)
(100,375.90)
4,799.10
Net changeln.`und balances
-
(275,000.00)
(418567.47)
(143,567.47)
Fund balances beginning
54,770.38
54,770.38
54,770.38
Fund balancesending5
54,770.38
5 (220,229.82)
$ (363,797.09)
$ (14356747)
I 1 1 i i 1 1 1 1 1 i i 1 1 k 1 1 1
City of Cape Girardeau
Risk Management
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2006
Original
Final
Positive
Actual Amounts
(Negative)
REVENUES
S 11.06204
451062 04
1 r,062.04
614,890.78
Internal charges
$ 440.000.00
30,968.36
9.031.64
3 440,000.00
5,000.00
Total revenues
440,000.00
(163,859.14)
440,000.00
)163.859.14)
EXPENDITURES
(152.79].10)
48358 72
6.358
72
48.358]2
Cu -rent
(146,438.38)
(146.438.38)
860 287 22
Contractualservice.,
437,000.00
43],00000
$ (14643838)
General operating expenses
40.000.00
40,000.00
Material and supplies
5,00000
5,000.00
Total current
482,000.00
482.000.00
Total expenditures
482,00000
482,000.00
Excess (deficiency) of revenues
over(urul expenditures
!42.000.00)
(42.000.00)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
nvernment revenue
42.000.00
42000.00
Total other financing sources and uses and special Items
42.00000
42,000.00
Net change In fund balances
-
Fund balances — beginning
860,28722
860.287.22
Prior period ad i ustment
11.771.50
11,771.50
Fund coerces -- ending
$ 872,058.72
5 872::58]2
Variance with
Final Budget -
Positive
Actual Amounts
(Negative)
S 451,062.04
S 11.06204
451062 04
1 r,062.04
614,890.78
(177,890.78)
30,968.36
9.031.64
5,000.00
645,059.14
(163,859.14)
645,859.14
)163.859.14)
!19479].10)
(152.79].10)
48358 72
6.358
72
48.358]2
5.35872
(146,438.38)
(146.438.38)
860 287 22
-
11.771 50
$ 725.620.34
$ (14643838)
I It 1 1 t 1 1 1 i It 1 ► l 1 1 1 1 1
City of Cape Girardeau
Equipment Replacement
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30. 2006
Variance with
Final Budget -
Budgeted
Amounts
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Internal charges
S
21],113.00
5 217,113.00
5 234,659.60
5 17,546.60
Total revenues
21],113.00
217.113.00
234,65960
17,546.60
EXPENDITURES
Cu ure.t
Material and supplies
-
-
],6]3.04
(],6]3,04)
Total current
-
],6]3.04
(7,673.04)
Debt service:
Administrative charges
550.00
550.00
-
55000
Interest
16.128.00
16,128.00
15,368.]3
75927
Principal
61.902.00
151,902.00
152,446.29
(544 29i
Total debt service
70.580.00
168,580.00
16],815.02
76498
Capital outlay:
Egcipment
68.709.00
76,709.00
69,479.00
7,230 C0
Total capital outlay
68.709 00
76709,00
69,479
CO
7,23OCC
Total expenditures
147,289.00
245,289.00
244,967.06
32L94
Excess (deficiency) of revenues
over (under) expenditures
69824.00
(28,176.00)
(10,30].461
19,868.54
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfer,,
12,433.00
41.956.00
41.956.00
-
Investment revenue
32.645.00
32,645.00
48,968.68
16,323.68
Advance repayments
29,345.00
29,345.00
29,345.88
0.88
Asset disposition
-
-
21,400.00
21,400.00
Total other'inancing sources and uses and special items
74,423.00
103,946.00
141,67056
37,724.56
Net chanson fund balances
144,247.00
75,]]0.06
131,363.10
55,593.10
Fund balances -- beginning
1,233,049.35
1,233 049.35
1,233,049.35
-
Fundbalances --ending
S
1,377.296.35
$ 1,308819-35
$ 1,364,412.45
$ 55,59310
ANNUAL FEDERAL FINANCIAL COMPLIANCE SECTION
BEUSSINK, HEY, ROE, SEABAUGH & STRODER, L.L.C.
Certified Public Accountants
4018 sycamore 16 So. Silver Springs Road Hpe
105 So. o
Cairo, Illinois 62914 Cape Girardeau, Missouri 63703 Jackson, Missouri 63755
Telephone (618) 734-3300 Telephone (573) 334-7971 Telephone (573) 243-3991
Facsimile (618) 734-3303 Facsimile (573) 334-8875 Facsimile (573) 243-3186
REPORT ON COM PIA ANCE WITH RF.QG IREM ENTS APP LICARIT,
TO EACH MAJOR PROGRAM AND INTERNAL CONTROL OVER
COMPLIANCE JN ACCORDANCE WITH OMR CIRCULAR A-133
Honorable Mayor and Members of the City Council
City of Cape Girardeau, MiRsOIIII
Compliancc
We have audited the compliance of City of Cape Girardeau. Missouri, with the types of
compliance requirements described in the ti.S. Office of Management and Budget (OMR)
Circular .A-133 Compliance Supplemcnar
l that e applicable to its major federal program for the
year ended .Iune 30, 20%. City of Cape Girardeau, Missouri's major federal programs are
identified in the summary of auditors' results section of the accompanying Schedule of Findings
and Qucstioncd Costs. Compliance with the requircmcnts of lases, regulations, contracts, and
grunts applicable to its major federal program is the responsibi16 of City of Cape Girardeau.
_ Missotni's manaaemenL Our responsibility is to express an opinion on Cite of Cape Girardeau.
Missouri's compliance based oil our audit.
We conducted our audit of compliance in accordance with auditing standards ,crieialk, accepted
in the United States of America; the standards applicable to financial audits contained in
Government-ftnliting .Standards, issued by the Comptroller General of the United States; and
OMB Circular A-133, .Ludas o(,S(atcs. Local Gorenimerus, and Arm Profit 07gancm1n1e.
Those standards and OMB Circular A-133 require that we plan and perform the audit to obtain
reasonahIe assurance about whether noncompliance with the types of compliance requircut ell ts
referred to above that could hate a direct and material effect on a major federal piounan
eeelllTCd. .An audit includes examining. nn a test basis. evidence shout Cine of Cape Girardeau.
Missouri's compliance hvith those requirements and performing such other procedures as we
considered ncressary in the circunhstances. We bdietc that our audit protides a reasonable basis
for our opinion. Our audit does not protide a Ic,,al deteinanation on Cite of Cape Girardeau.
Missouri's compliance Stith those requirements.
As described in item 06-1 in the accompanying schedule of findings and questioned costs. Cit}
Of' Cape (I1141tICaa. M[SsOWI did not nnnph ti' ith Icgairoments regardin; reporting that are
applicable to Its Community Detelopntent Block Grant RrosNnsfiCld I C0110mic 1nitlat1ve.
Compliancc Mill such requiromenu is necessan, in our opinion. for Cit of Cape Girardeau.
Missouri to comply kith the requircmcnts applicahle to that program.
Jos
In our opinion, except for the noucompliunce described ill fire proceeding paragraph, City of
Cups Girardeau, Missouri complied, in all material respects, with the requirements referred to
above that arc applicable to each of its major federal programs for the year cudcd Juuc 30, 2006.
Internal Control Oecr Compliance
The mana;emcnt of City of Cape Girardeau, Missouri is responsible for establishing and
maintaining effective internal contiol over compliance with requirements of laws, regulations,
couuacts, and grants applicable to federal programs. hr planning and performing our audit, we
considered City of Cape Girardeau, Missouri's intcmal control over compliance with
requirements that could have it direct and material effect on a major Federal program in order to
dctcnnine our auditing procedm-es for the propose of expressing our opinion on compliance and
to test and report on the internal control over compliance in accordance with ONIB Circular A-
1 11.
-113.
We noted certain nmttcrs inwiving the intcmal control ovacompliance and its operation illative
consider to be reportable conditions. Reportable conditions iuvolvc matters coming to our
attention relating to significant deficiencies in the design or operation of the internal contrnl over
compliance that, in our judgment, could adversely affect City of Cape Girardeau, Missouri's
ability to administer a major federal program in accordance with the applicable requirements of
Ems, regulations, contracts, and grants- Rcponable conditions are described in the
accompanying schedule of lindiugs and qucstioucd costs as items 06-1 and 06-2.
A material wwl.ness is it reportable condition in which the design or operation of arc or more of
file intcmal control components docs not reduce to it relatively low Icvcl the risk that
uouccallphauce with the applicable requirmncnts of Ems, regulations, contracts, and grunts
caused by cnor or fraud that would be matcrial in relation to a major federal program being
audited may occur and not be detected within it limely period by employees in the normal course
of perlbmling their assigned functions. Our consideration of the internal control over
compliance would not necessarily disclose all matters in the internal conn-ol that might be
reportable conditions and, accordinely, would not necessarily disclose all repotablc conditions
that are also considered to he material weaknesses. Hmacver, we believe that none of the
reportable conditions described about is it material weakness.
' This report is intended solely for the information and use of the Ilonorable Mayor, Memhcrs of
the City Council, federal awarding agencies, and pass-through entities and is not iutcndcd to be
and should not be used by anyone other than these specified parties.
RFIJSSINK, HEY, ROE, SLARAl1Gl l & SI RODER, L.L.C.
l -&t, fie_ �,i / ItS{n lea c.a c .
Cape Girardeau, Missouri
October Y, 2000
100
BEUSSINK, HEY, ROE, SEABAUGH & STRODER, L.L.C.
Certified Public Accountants
16 So. Silver Springs Road
4018 Sycamore 105 So. Hope
Cairo, Illinois 62914 Cape Girardeau, Missouri 63703 Jackson, Missouri 63755
Telephone (618) 734-3300 Telephone (573) 334-7971 'telephone (573) 243-3991
Facsimile(618) 734-3303 Facsimile (573) 334.8875 Facsimile(573) 243-3186
REPORT ON INTER NA1, CON IROL OV FR FINANCIAL
REPORTING AND ON COMPLIANCE .AND OTHER MAT iERS
BASED ON AN AUDIT OF FINANCIAL ST.ATLNILNI'S PERFORMED
IN ACCORDANCE' WITH GOI-'ERNMFNT ,4 UDIThVG ST4NDARDS
Honorable Mavor and Members of the City Council
Cite of Cape Girardeau, Missouri
We Laic audited the financial statements of the govemmental activities- the business-tcpc
activities, each major fund, and the aggregate remaining fund information of City of Cape
Girardeau, Missouri as of and for the year ended lune 30, 2000, o hich collectively comprise the
City's basic financial statements and have issued our report thereon dated October 26, 2006. We
conducted our audit in accordance with auditing standards -,enerally accepted in the Coiled
States of America and the standards applicable to financial audits contained in Government
.411dam"' S7nndards, issued by the Comptroller General of the t inited States.
Internal Control Over Financial Repoaow"
In planniofl and performing our audit, tee considered Cily of Cape Girardeau, Missouri s internal
control over financial reporting in a deli to determine our auditing procedures for the purpose of
e7,111 Cs5ing our opinions on the financial statements and not to provide an opinion on the nacinaI
convol over financial reporting. Omconsideration of the intemal control over financial
reporting trould not necessarily disclose all matters in the internal control that might be mmenal
oeakncsscs, A material weakness is a reportable condition in which the design or operation of
one or more of the intemal control components does not reduce to a relatively low Icvel the risk
that misstatements caused by eror or Gaud in amounts that trould be material in relation in the
financial statements being audited may occur and not be detected within a finch period by
employees in the normal coolie of performing their assil,ried functions- 1A e noted no matters
incohing the internal control over financial reporting and it, operation that the consider to he
material wcakncsscs.
110
Cc npGance and Other Matters
As part of obtaining reasonable assurance about whether City of Cape (irardeau, A4 mouds
IbmwW statements are bec of material misstatement, we performed tents of its compliance will)
certain provisions of laws, regulations, contracts, and gmill agreements, nuncomplieree with
which could have a direct and material effect on the determination of financial sramacia
amounts. llowever, providing an opinion on Compliance with those provisions �Nas not ar
objective of our audit and, accordingly, we do not e,Vions such an opinion. The results of our
tests disclosed no instances ornoncompli:mce Ila are required to he reported under Gorernmcw
Auditing Staxdards.
This report is intended solely for the inlianiation and use of Be Ihmonable Mayor, Memhers of
Be C'ily Council, federal awarding agencies, and pass-through entities and is not unleaded to he
mal should not be used by anyone other than these specified parties.
BIA SSINK, I lhY, ROII, SI-:ABAUGII S STRODER, L.L.C.
Crile Girardeau, Missouri
October 24 21W
( I al lupe
(iimnlo.1,
11 i»,.o,i
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Il np:u..iu1 1 ,, idrvdn-
II-l....
II de :11 ,h,.ad>
V.I mi L.Ia,111
I'm'I 'I
I1.1n 3�w1
Salcty Incenttce Grants I or Use of Seatbelts
Passcd'Fhrtntgh MIy5Un11 Department of
'I tanspom tation-
Ht"It muy PlaIll iug and I onstmction
Alcohol 1, a I tic Safety and Drunk Di i vi ng
Prevention Incentive 1'roptenr
Pommla Umnls for Other lhan
i l' bco"cd Arca.,
State and Conuuunitp I Fall,av Safcly
101tNI I1 S_Df PAarMhNT OF TRANSPORTATION
30.604
( it)of Cape Girardeau,
Mis.vuuri
1,007
202(5
S'IP-1500W13)
S
SC'Ill [A LItO]' I XPCND11URLS 01-
FFDI`RN.AWARDS
S"PP-1500(005)
Pur the Voir Faded June
30,
2006
Federal
19,322
148,305
CI'DA
05-17-03 21
Program
9,988
06-17-03-I3
Federal Uanton'Piss Ilanueh Gtantoi Program Iltic Number
17,721
Number Disbursements
MO -18-X025
S
146,870
U.S. DI!PAR I NILM O1; tRANSPOR'FATION:
1.762
148,632
Airport Intpnrvcmcnt Pntgram 20.106
03-29-O011-10--2002
s 39.741
6,399
hsscntial Ali Scrvicc Program 20
SC'ASDI'P
11590-94 129,696
1'aased Through Ccntml Missouri Slate
05-N.-03-3
tInn crtally -
54.861
Salcty Incenttce Grants I or Use of Seatbelts
Passcd'Fhrtntgh MIy5Un11 Department of
'I tanspom tation-
Ht"It muy PlaIll iug and I onstmction
Alcohol 1, a I tic Safety and Drunk Di i vi ng
Prevention Incentive 1'roptenr
Pommla Umnls for Other lhan
i l' bco"cd Arca.,
State and Conuuunitp I Fall,av Safcly
101tNI I1 S_Df PAarMhNT OF TRANSPORTATION
30.604
N/A
1,007
202(5
S'IP-1500W13)
S
34,699
S"PP-1500(005)
94,284
S P-1500(001 I
19,322
148,305
20,601
05-17-03 21
S
9,988
06-17-03-I3
7,733
17,721
20.509
MO -18-X025
S
146,870
N/A
1.762
148,632
20600
05 -SA -09-2
S
6,399
06-1;A-09 2
46,054
05-N.-03-3
54.861
06-154-N.-3
12,857
05-P 1 02-28
7,148
06T -02-30
2.027
12'1548
S 614,650
71® Accompanying Notes to Schedule of lispenditures of 1'edeml Ao aids
Are ,it luteerol Part of I his Report.
IIS
Ulsbuacmcnu
5 116,429
AsSis[rmac to Pod_I tcrs Grant
PI',r,a,d Mitt,tton (iraut
Stale 1) ll,,tle Prepxrcdness Egoipomnt
Support Vrngram
l O FA I. 11.S. DISPAR "I NIUA f OI' I ION11 - A 'D
SECURITY
IUTAI.I [ [)],RAI. AVAARDS
(I) Idcmdlcd malar progiaia
S15s4
1 MVV-NOOJ-pG-12332
$ 61,IS,
Assi,atan cc to Poe light ce Gant
97.044
City o(Cit, Girardeau.
Alissxui
Y 111 DULL
OI EXPENDITURES 01
FEDERAI. AWARDS
P.rscd Ihrnoph Ml�sOLIH State Hinergcop
I or the 1 rr Iloded hloc
7p, 3006
.�
97.01
Icdcral
�
Cl DA
Program
Ijri& I U rotor%Vass fl -, ch Granit Vl ram Tldc
Nunibcr
Numbcr
INVIRONNII NI Al. PROfE['.'I:I-ON AGENCY;
Surccys, $ladies, Inecstlgotlo9s mid Spuu'aI
Pugtosc Grants
66606 XP987281-01
DEPAIfI:Ml N 01 I IONII.1.AND
sll('IRI Il
Ulsbuacmcnu
5 116,429
AsSis[rmac to Pod_I tcrs Grant
PI',r,a,d Mitt,tton (iraut
Stale 1) ll,,tle Prepxrcdness Egoipomnt
Support Vrngram
l O FA I. 11.S. DISPAR "I NIUA f OI' I ION11 - A 'D
SECURITY
IUTAI.I [ [)],RAI. AVAARDS
(I) Idcmdlcd malar progiaia
S15s4
1 MVV-NOOJ-pG-12332
$ 61,IS,
Assi,atan cc to Poe light ce Gant
97.044
EMW-2005-YG-03643 S
11929
IublAV-2004-IP-016", _
61210 73,139
P.rscd Ihrnoph Ml�sOLIH State Hinergcop
Citiiuu Coq..
97.01
�
1
_005 (iP. Ie -0022 1,770 22,481
81.548 1'EMA-1461-DR-MO 511,697
9'004 2003-MI1-I'3-0001 S 17,270
2004-61 =14-0049 64,455 _ 81,725
$ 291,224
$I.216 3 y
The Ace ompmigrig Nol, to Schedule of Cependitures of Federal A%,rds
Am en ntegry pact ofTha Rcporl.
City of Cape Girardeau, Missouri
NOTES 1OSCIIEDUI.EOFEXP6NDIIIIRES OF 1+1WRAL AWARDS
Year Ended .lune 30, 2006
L SUMMARY OP SIGNIFICANT ACCOUNTING POLICIES
A. Pulpose of Schedule and Reporting Fntify:
The accompanying SChCdUle of Expenditures of Federal Awards has been prepared to
comply with OM13 Circular A-133. This circular requires a Schedule of Expenditures of
Federal Awards showing total expenditures for tach federal financial assistance program
as idenlilicd in the Catalog of Federal Domestic Assistance (CFDA) and identification of
programs that have not been assigned a CFDA number as "Other Federal Assistance".
"fire schedule includes all expenditures of federal awards administered by the City.
B. [iasis of Presentation:
"Ihe schedule is prescuted in accordance with OMR Circular A-133, which defines
federal financial assistance "...assistance that non-@deral entities receive or administer in
the fort of grants, loans, loan guarantees, property (including donated surplus properly),
cooperative agreements, interest subsidies, insurance, food commodi lies, direct
appropriations, and other assistance, but docs not include amounts received as
reimbursement for services rendered to individuals."
C. Basis of Accounting:
The schedule is presented on the modified accrual basis of accounting, which recognizes
expenditures %when liabilities for goods and scrvicas are incurred. This is the same basis
ofaccoullnng presented in the (nmicial statements.
IU
Cit yof' C'apc Cmard Can, %Iissotlll
SCI -ILDULE OF HADINCS AND QUESTIONED COSTS
For the Year Ifidcd .lune 30, 2006
1. SUMMARY OE AUDITORS' RESULTS:
financial Statements
Type of Auditors' report issued: Unqualified
Internal control over financial reporting:
• Material weaknesses identified? yes X no
Reportable conditions identified that are not
considered to be material Nveuknessesl _ yes X _ none reported
Noncompliance material to financial statemmits
noted I yes X no
Federal Awards
hnernal control over major prngnuns:
• Material weaknesses identified? yes _ _X no
• Reportable conditions identi Pied that arc not
considered to be material weaknesses'? X yes none reported
Type of Auditors' report issued on compliance for major programs: Qualified
Am, audit findings disclosed that are rcquired to lie
reported in accordance with Section 510(a) ofCtcuku
A-733? X yes - no
Idcnti licatiou of major programs.
CFDA NLlmhcr Namc of Federal P_roera_m_
14246 Community Development Block Crznt—
Brownsfield Economic Development Initiative
14 228 ('ommunityDe% cloyment Block Crants,state's
Program
Dollar threshold used to dislinguish
hetwccn type A and type B programs:
$300,000
Auditcc quuliticd as los+-risk auditce
X yes no
2. FINANCIAL STATEMENT FINDINGS:
No findings or questioned costs mere noted
that arc inquired to he reported.
7 FEDFRALAWARD IINDIN-GS_ AND_QUES
HONED COST S:
06-1 Financial Slates Reports and progress
reports were not completed as required by the
grant agreement. The City
did not have internal controls in place to ensure
compliance with this rcquiremcul.
Program:
Community Development Block Grant
Brownsfield Economic Initiative (CFDA No.
14.246)
Criteria:
A Financial Status Report and progress report v<crc
required to be submitted every six months to the
U.S. Departumnt of Ilousing and Urban
Development,
Condition:
The City did not file the Financial Slalus Report and
progress report every six months. Fwihcrnwrc, the
City did not have internal controls in place to ensure
these reports sNere tiled cvcry six mouths.
Questioned Costs:
None.
CoutexC
Not filing timely Financial Status Reports and
progress reports causes the City to not be in
compliance with grant reporting requirements.
IiFeet:
The Cily is not in compliance with reporting
rcquiremenls.
Cause:
Managcmmiil oversight.
Recommendation:
To deeclop intenial controls that will ensure timely
Bled financial Status Reports and project reports.
Management's Response: procedures have been implemented that require
depanmcnls applying lur grants to notify the City's
Finance Director when applications arc submitted
and forward copies of all grant documents to the
Finance Director when grant arearrls are recciecd.
The Finance Department of the City will be
responsible to determine which grants are federal
awards, what procedures aye required to comply
with tach grant agreement, and to insure
compliance with these requirements.
06-2 The City does not hnvc iuterual controls in place to meet procurement, suspension,
and debarment requirements.
program: Community Development Block Grant —
Brownsficid Fconomic Initiative CCFDA No.
14.246)
Criteria. Inlemal controls must be in place to ensure
compliance with the Office of Management and
Budget (OMB) Circular A-133 compliance
1equi culcalls Cor procurement, suspension, and
debarment.
Condition: The City dirt not hnvc internal controls in place to
ensure procurement procedures were followed for a
contract awarded for painting a mural on a
Floodwall. 'I lie City also did not have internal
controls in place for checking the suspension and
debarment list for contracts awarded for grant
purposes.
Questional Costs: None,
Context Expcuditures under contracts awarded without
following procurcmcnt, suspension. and debamicnt
requirements were 5229,789 for the fiscal year.
LffecI "fhe lack of internal controls could cause the City to
not be in compliance with procurcmcnt, suspension,
and debenmen I It
Cause: Management oversight.
Reconnmendubon: To develop internal controls to ensure procarentent.
suspension, and debwment requirements aro
followed on a timely basis.
IIs
Management's Response: PI'OMILI s have hedn implenunted that require
departments applying for grants to notit'v the City's
Finance Director when applications are submitted
and forward copies of all grant documents to the
Finance Director when grant awards are received.
The Finance Department of the City will he
responsihle to determine which grants are Icderal
awards, what procedures are required to comply
with tach grant agreement, and to insure
compliance with these requirements.
119
City of'( ape Girmdeau, Nissorui
SUMMARY S( IIEDUAl
LE OF PRIOR ADIT FINDINGS
Iar the Yeer Fnded June 30, 2006
There mere no Endings for the year ended June 30, 2005.
120