HomeMy WebLinkAbout2004-2005.AuditReportCITY OF CAPE GIRARDEAU, MISSOURI
FFNAA'CIAL STATEMENTS
June 30, 2005
BEUSSINK, HEY, ROE,
SEABAUGH & STRODER, L.L.C.
Certified Public Accountants
CITY OF CAPE GIRARDEAU MISSOURI
TABLE OF CONTENTS
FINANCIAL SECTION
Page No
INDEPENDENT .AUDITORS' REPORT
1-2
REQUIRED SUPPLEMENTAL INFORMATION
MANAGEMENT'S DISCUSSION AND ANALYSIS
3-15
BASIC FINANCIAL STATEMENTS
.. GOVERINT4ENT-WIDE FINANCIAL. STATEMENTS
S7.A'I EXTENT OF NET .ASSETS
16-17
STATEMENT OF ACTIVITIES
18-19
FUND FINANCIAL STATEMENTS
GOVERNMENTAL FUNDS FINANCIAL STATEMENTS
BALANCE SI-IEET
20-21
RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL
FUNDS TO THE STATEMENT OF NET ASSETS
22
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCES
23
" RECONCILIATION OF THE STATEMENT OF REVENUES. EXPENDITURES,
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO THE S I AT;✓_YLLN'F OF ACTIVITIES
24
PROPRIETORY FUNDS FINANCIAL STATEMENTS
' STATEMENT OF NET ASSETS
25-26
STATEMENT OF REVENUES, EXPENSES. AND CHAV'GES IN
FUND NET ASSETS
27
SI :ATENIEINT OF CASH FLOWS
28-29
FIDUCIARY FUNDS FINANCIAL STATEMENTS
STATEMENT OF NET ASSETS
30
NOTES TO BASIC FINANCIAL. STATEMENTS
31-68
REQUIRED SUPPLEMENTARY INFORMATION
STA 'TENIENFOE REVENUES, EXPENDITURES, AND
CHANGES IN 1,UND BALANCES-BUDGET AND
ACTUAL - GENERAL
69
STA I EML'.NT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL - AIRPORT
70
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES-BUDGET AND
ACTUAL PARK & RECREATION
71
Sl ATEMEN F OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL.-`IR.ANSPORTATIO'N SALES TAX
'TRUST PILND 11
72
STA"LEMEN'I OF REVENUE'S, EXPENDII ORES, AND
CHANGES IN 17UND BALANCES- BUDGET AND
ACTUAL - PUBLIC SAFETY TRUST FUND
73
.
S'IA'TEMBNI OF REVEN(.,JES, LXPENDI'I'I.RES, ANI,)
CHANGES IN FUND BALANCES -BUDGET AND
ACTUAL. - DEBT SERVICE
74
STATENIENIOF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCE'S -BUDGET AND
ACTUAL (iHNERAL CAPITAL IMPKOb'N.MF:NTS
75
SCILEDLITP OF FUNDING PROGRESS
76
NONVIA,IOR FUND FINANCIAL ST,ATENTENTS
SEAT AIFN I OF REVENUES, LXPENDI'TURES, AND
CHANGES IN FUND BALANCES- BUDGEFAND
ACTUAL - FLOOD PROTECTION
77
.,
STATEN-IBNT 017 R,5?VENUES, EXPP NDI'fCRLS, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACICAL - V'ISLON 2000
78
S"i V ['I:N1 EN"I OF RF?VENUP.S, EXPENDITURES, .AND
CHANGES IN FUND BALANCES- BUDGET AND
ACTUAL - CONVENTION AND TOURISM
79
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL - DOWNTOWN BUSINESS DISTRIC`L 80
STA'TEMFNT OF RIlVENIJES, EXPENDITURES, AND
CHANGES IN FUND BALANCES- BUDGET AND
ACTUAL - IIEALTH 81
STAT ENIFA I OF REVENUES, EXPEND1'FURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL - FM I GRANT PROJECTS 90
0
STATEMEN'I OF REVENI.IES, EXPENDI'T'URES, AND
CHANGES IN FUND BALANCES- BUDGET AND
'
AC'IUAL - MO'LOR FUEL TAX
82
STATEMENT OF REVENUES, (EXPENDITURES, AND
'
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL - CAPI"CAL iMPROVFMENI SALES TAX -
FLOOD CONTROL
83
SI:ATENIENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL. - CAPITAL IMPROVEMENT SALES TAX -
WA I Elk SYSTEM IMPROVEMENTS
84
'
ST'ATI,MENT OF REVENUES, EXPENDI LURES, AND
CHANGES IN FI1ND BALANCES - BUDGE "LAND
ACTUAL -CAPITAL. IMPROVEMENT SALES TAX -
'
SEWER SYSTEM IMPROVEMENI'S
85
S"TALENIENT OF REVENUES, EXPENDITURES, AND
'
CJ-IANGES IN FUND BALANCES - BUDGET AND
ACTUAL - TRANSPORT'AI ION SALES TAX
TRUST FUND
86
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
_
ACIUAL STKEET INIPROVEMEN'I'S
87
STATEMEN"I OF REVENUES, EXPENDITURES, AND
..
CHANGES IN FUND BALANCES -BUDGET AND
AC UAL. - PARK IMPROVEMEN I S
88
S-IA"TEMI'.N"T OF R1 VENUES, EXPI:NDLI ORES. AND
CHANGES IN FOND BALANCES -BUDGET AND
ACTUAL-COMN�IUMTY DEVELOPMENT BLOCK
,.
GRANT PROJECTS
89
STAT ENIFA I OF REVENUES, EXPEND1'FURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL - FM I GRANT PROJECTS 90
0
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES-BUDGET AND
ACCUAL -CORP FLOOD CONTROL PROJECTS
91
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCE-BUDGET AND
ACTUAL-FIRE SALES TAX FUND
92
STATEMENT OF REVENUES, EXPENDITURES, AND
..
CHANGES IN FUND BALANCES - BUDGE'II AND
ACTUAL - SEWER
93
STATEMENT OF REVENUES, EXPENDITURES. AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL WATER
94
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
AC"DUAL-SOLID WASTE
95
S UATEMF'N I OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES-BUDGET AND
ACTUAL - GOLF COURSE
96
S"UATF.MENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL - SOFTBALL COMPLEX
97
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACI (JAI, MANAGEMENT INFORMATION SYSTEMS
98
S'I AFEMEN L OF REVENUES, EXPENDITURES, AND
Cl IANGES IN FUND BALANCES -BUDGETAND
ACTUAL- FLEEI'MANAGEMEN"P
99
STATEMEN"L OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL -FRINGE BENEFITS
100
STATEMEN U OF REVENUES, EXPENDLUURES, AND
CIIANGES IN FUND BALANCES - BUDGET AND
ACTUAL-RISK MANAGEMENT
101
STA DEMENT OF REVENUES EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL EQUIPMENT REPLACEMEN'U
102
ANNUAL FEDERAL FINANCIAL COMPLIANCE SECTION
REPORTON COMPLIANCE WITH REQUIREMENTS APPLICABLE
'IO EACH MAJOR PROGRAM AND INTERNAL CONTROL OVER
COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 103-104
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN
AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE
W I'FH GO FLRNMh NT A HI)HING SI ANDARDS 105-106
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS 107-109
NOTES'FO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS 110
SCHEDULE OF FINDINGS AND QUESTIONED COSTS 111-112
SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS 113
BEUSSINK, HEY, ROE, SEABAUGH & STRODER, L.L.C.
Certified Public Accountants
16 So. Silver Springs Road 105 So.
4018 Sycamore Cape Girardeau, Missouri 63703 13755
Cairo, Illinois 629!4 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
INDEPENDENT AUDITORS' REPORT
Honorable Mayor and Members of the City Council
City of Cape Girardeau, Missouri
We have audited the accompanying financial statements of the governmental activities, the
business -type activities, each major fund, and the aggregate remaining fund information of the
City of Cape Girardeau, Missouri (the City), as of and for the year ended June 30, 2005, which
collectively comprise the City's basic financial statements as listed in the table of contents.
These financial statements 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 Government
Auditing Standards, issued by the Comptroller General of the United States. Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes examining, on a test
' basis, evidence supporting the amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation. We believe that
our audit provides a reasonable basis for our opinions.
In our opinion, the financial statements referred to above present fairly, in all material respects,
the respective financial position of the governmental activities, the business -type activities, each
major fund, and the aggregate remaining fund information of the City of Cape Girardeau,
Missouri as of June 30, 2005, and the respective changes in financial position and cash flows,
where applicable, thereof for the year then ended in conformity with accounting principles
generally accepted in the United States of America.
In accordance with Government Auditing Standards, we have also issued our report dated
October 21, 2005, on our consideration of the City's internal control over financial reporting and
on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant
agreements and other matters. The purpose of that report is to describe the scope of our testing
of internal control over financial reporting and compliance and the results of that testing and not
to provide an opinion on the internal control over financial reporting or on compliance. That
report is an integral part of an audit performed in accordance with Govenmtent Anditing
Standards and should be considered in conjunction with this report in considering the results of
our audit
0
The management's discussion and analysis and budgetary comparison information on pages 3
.. through I> and fig through 76, are not a required part of the basic financial statements but are
supplementary information 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.
colt,,tively comprise the City of Cape Girardeau's basic financial statements- 'file 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 US. Office of Management and Budget Circular A-133, .Audits of Serres, Local
Goreminews, mrd Non -Profit Orgonierr ions, and is also not a required part of the basic financial
statements of the City of Crape Girardeau, Missouri. I lie combining and individual nonmajor
fund financial statements and the schedule ofexpenditures of federal awards have been subjected
to the auditing procedures applied in the audit of the basic financial statements and, in em'
opinion, are fairly stated in all material respects in relation to the basic financial statements taken
as a whole
BEUSSINK, HEY, ROE, SEABAUGH & STROUER, L.L.C.
ty`� P. -f, �e,bn gk d SfraieRJ c. c. c.
Cape Girardeau, Missouri J
October 21, 2005
REQUIRED SUPPLFNIEN'I'AL WFQRNIAHON
CITY OF CAPE GIRARDEAU, MISSOURI
Management's Discussion and Analysis
The discussion and analysis of the Cit, of Cape
Girardeau s financial per protides an
overall review of the Cites financial actieides
for (lte fiscal pear ended June 30, 2005. The
intent of this discussion and analysis is to look at
the City's financial performance as a whole.
Readers should also OrNic, the basic financial
statcncnts and related notes to (hose statements
to eNnanee their, understanding of (he Cis 's
financial performance.
Financial l lighlights
v The asscls of the City of Cape Girardeau
excecded its tabihlics at the close of the most
recent fiscal Near by $112,284,859 (net
asscls). Of this mount, $16.378,903
(unrestricted net assets) naN be used to meet
the Cil, s ongoing obligations to citizens and
creditors -
u As of Illy close of the current fiscal Near, the
ChN of Cape Girardeafs governmental funds
reported combined ending fund balances of
$34.058,477. Approsimatc, 69 percent of
this lolal anon, $23,495,911 is available for
spending art the goNernmenfs discretion
(unrcsened fund balance).
o At the cad of the current fiscal year.
amesenctl fond balance for the gcncral fund
teas S 1323.716 or 6.2 perwnl of final general
fund expenditures and transfers. Fund
balance reserved for cinergmmies for (lie
general fund tuns $1.140,151 or 148 percent
of total general fund cspencGtures and
transfers.
o 11 I Cil] off epc Gimrdcuus total long-term
debt increased by A4.199,6(11 (i.8 percent)
during the curcnl fiscal tear. The kc, factor
in this increase was the issuance of special
obligations bonds with proceeds of
$8304,509_ The remaining decrease in long -
ern dehl resulted from regaled, scheduled
pal mends and the carpretirement of a
$328. 146 lease obligation
ONeg7cw of the Financial Statements
1
1,is discussion and anal,sis arc iutcuded to
sene as au introduction to the Cit, of Cape
Gimrdcaus basic financial statements.
'llm City of Cape Giurdcau's basic financial
slatenwnis comprise Three eontponen(s. 1)
govcrunc o-wfdc financial statements. 2) hard
financial sna cirents, and 3) nems to the financial
snaicmmts. This report also contains other
supplcncntar • informa ion in addition to the
basic financial statements 0mnselves.
Government -wide financial statements.
The gm'erul l -wide financial statements are
designed to provide readers with abroad
oreniety of (hc Cil, of Cape Girardeau s
Finances, in a manner similar to a par, atc-sector
business.
The statement of net assets pmscnls information
on all the Ci(p's assets and liabtfitim with (lie
difference between the too reported as act
assets. Over lime, increases or decreases in nd
assets mat- sen'c as a useful indicator of whether
die financial position of the Civ is improving or
deteriorating.
Ilne statemmll of activities presents information
shorting boo the Cilc s net assets changed
during the most recent fiscal Near_ All charges
in Ilse act assets are reported as soon as die
undulfing eNent giving rise to the change
occurs, regardless of the tinting of the related
cash flows. 'thus, ievumes and expenses are
reported in [lie slananent for some items that will
0111, result in c:alt dotes in future fiscal periods
to g., uncollected taxes and earned but unused
Natation IcaNC).
Both of the goveruuett-wide financial
stafmuculs distinguish funainns of the CIN of
Cape Girardeau that are prineipalh' supported by
taus and inlcrgovcruncntxl revenues
(govenur(nml let INIIlost fiom other fillla101Is
that are intended to recover III ora significant
portion of their costs through user fees and
charges (business -type activities)_ The
governmental activities of the City of Cape
Girardeau include administra(ite sen'ices,
developmental sen ices, parks and recreation,
public safd}. and public works. The business-
INpe activities of the Che include sewer, water,
and solid [caste airlines and golf contse and
softball complex ope rations The goNcmIlion l-
tt life IfIle a al anionic [it s Can be found on pages
16 to 19 of this report.
CITY OF CAPE GIRARDEAU, MISSOURI
Fund financial statements. A fund is
grouping of related accounts that is used to
maintain control over resources that hate been
segregated for specific aciititics or objecdtes_
The Cihof Cape Girardeau, like other state and
local gmenunons, uses fund accounting to
ensure and denronslrale compliance e$h
finance -related Icgal requirements. All of the
funds of the Citt can be divided into three
categories_ gotemmental bonds, proprietary
funds, and fiducial, funds.
Govcnunental Funds. Go,emmmntal funds are
used to account for essuaialk the same
functions reported as governmental acliNnucs in
Ile governmenl-oide financial statements.
Hmwvor. unlike the government- r5de financial
statement govenunental fund financial
statements focus on near-Icnu inllmrs and
outtlmcs of spendable msourccs, as ocll as an
balances of spendable resources alai fable at the
end of die fiscal war. Such tufnnnabou net be
useful in evaluating a gm'crnmenl's near -teen
financing reynircmenls.
Because the focus of the gotenunenud fimds is
narrower than that of the go, cuuncnl-I, Ice
financial statements, it is useful to compare the
information presented for gncarnmcatal funds
o'ith similar information pre,cmai for
gotemmental act,, life, ill Ile go, crnment-%vide
bn racial statements. Bc doing so. readers liras
better understand the long-lenn impact of the
goternnem s near terns financing decisions.
Both the par enurental fund balance sheet and
Ila goymune trial fund statement of Ioscaues_
expenditures_ and changes in fund balances
protide :a IccendlI'll io111 o facilitate this
comparison bCtFCcll govenunental funds and
goccnmental actioibcs
The City of Capc Girardeau maintains 24
indr, dual gomcrnmcntal fimds hdonnation is
prescnlcd sepaiatelc in the gomnunutal fluid
balance sheet mid in the gotemmental feud
statement of i etenucs. cependimres, and changes
in fiend balances for We general, airport. parks
end recreation, transportation trust 11. public
safely tmsl. debt sen ice and general capital
unpro%enncut funds. which are considered or
face been designated to be major funds of die
Cite. Data from ilio other gotemucmal funds
are combined into a snuglc. aggregated
prescnlation.
The City of Capc Girardeau adopts annual
appropNamd budgets fordl its go,,cnuucmul
funds. excluding its outer s'stem improvements
capital project fund. which has a project length
budget Budgelarp comparison statements have
been protided for all major governmental funds
as part of the financial statements to demonstrate
compliance oilh this budget. Budgelary
comparison statements for the remaining
govenunental hinds arc present as supplemental
information.
I'hc basic govcnmicutal fund financial
slatemenls can be found on pages 20 to 24 of this
report.
Primary funds, The City of Cape Girardeau
maintains two npcs of proprietan' funds.
Bmerpuse funds are used to report the same
functions presented as business -type activities in
the govenuncal-wide financial Statements. I'hc
Cm used enterprise funds to account for its
server, oner, and solid %,,isle utilities land its golf
course and softball complex operations_ internal
sen ice funds arc an accounting device used to
accumulate and allocate costs internally among
de C,b's various fi111G11o1nS. 'fire Cllt uses
title mal service fonds to account for operation of
its nmnagcmenl information systems. Ilea
mmnagemmir, self-insumd employee benefits and
workmen's ccmpcnsatimn prognuns, and its
internal equipment leasing program.
Proprictara' funds protide the same ape of
Information as lire go,enuucnt-wide financial
statements, only in more decal. The proprnetar,
Fund financial statements provide separate
information for the seiner, %corer. and solid caste
utilities and golf course mid softball complex
opcl tions. All ofthese are considered, or lime
been designated to be major funds of the City.
The Intcmal senice fimds arc combined into a
single aggregalcd presentation in the propdemn'
fund financial slalmncnts.
Tire basic proprietary fund financial st tcmenls
can be found on pages 25 to 29 of this repot
Bu lgelw¢ compnson statements for all the
proprictan funds arc present as supplenicmal
infornimlon.
Notes to the Financial Slatenrents- The notes
protide additional information that is essential to
a full understanding of the data protided in the
gocenuuenl-gide and fund financial statements.
The notes to the filmncial statements can be
found beginning page I I of Ibis repent_
C11 Y 4F CAPE GIRARDEAU, MISSOURI
Government -wide Financial Ari
As noted carliel', net assets mal scree over time
its a nschlI inSdicalcr Para go4Crtunerd's f icin l
post no[) In Ile case of the circ of Cape
Gtondean, assets cxcerded Itabilitics be
$112.284.858. nu increase of $13.4211,957
(13.6%). The largest port ion of IIto cites net
assets (60346) reflects its $617 704_037
noestw@nt in capital assets (Illnd. buildings,
lore:}liner)'_ nod equipml less relined debt
used to acquire those assets Ilan is still
outstanding. This net investment increased
$12314,356 122 2%) di nng the alm;nt fiscal
year. The Cine uses these capilal essels to
prof somites locil"Ces_ eonsc uoobtc these
assets aro not ocailiblc for fullue spCndiug.
Although the Cis's incestmcat in -s caleant
asseis is reported net of relayed debt. it should be
noted Ibol the resources needed to repaF this debt
most be provided front other sell since the
capilal assets the Useless cannot be used to
spectre those habil lies
An additional portion of the Clb's net assets (7 3
percent) represent resources that lite sul to
external restrictions on hoo they mac be used.
The gonion of the clip's net asslem suelect m
estemal restncloins increased $817.680 (1 I.1%)
front the previous year. The remaining balance
of unrestricted net assets (936378,903) ri be
used to nivel the City's ongoing obligations to
citizens and creditors Tbis reflects a $288921
(.8'!G) increase front the poe'rous year.
At rhe end oi'the cu¢e1n fiecal year_ the Cilc Is
able to report positive balances In elf Ihrcc
careparies of net assets, bnlr for the gntunrmcnt
as a whole. as oefl as for its scparalc
grocm'nmernal and bosirtcss-tope agivitics The
sanlo siren ion lens tate olthe prior cent.
City of Cape Girardeau's Net Assets
Governmeniat
Businasstypm
Activity
.Activities
Total
_
zoos
200.4
2005
_ 2004
2005
2004. _
Current cod otbe, assets
_
41889,124
35,909565
14,530.111
15,134.449
66,189.235
51.104,014
Caoftal assets
46.577,400
35471858
93,174.462
90(84586__
1�9.751,rl
125,546443
Total assets
88236532
71441423
107,794.573_
105209034
195,941,105
176 650157
Congmrm rnhmncs oulen�ndi,
32,100,903
26,078,559
30.,9'15,949
41,603509
71,016952
67,602,148
Oth¢t rabifires
6803,407.
5,163567
585Brie
4,940341
_1"639,395
10,104408
Toter liabillli&s
38904
310
_ 31242,126__
44,�_5y93�
a6,544.43f1
_ __,
t43x6562447
77,786.556_,
Net assets:
Invscca d in cal ital assets,
Net olreiatcn debt
16,016,819
7,594,751
51,692515
47,60,530
&l109,637
55,395,281
Restrated
46,14
862
4,145,825
3,551,456
3232,813
8.198,318
7,378.630
Unvc'drzied
-Q541_25.4"i6.�
3E.5"'
a
t
'_ lQ83H2
631,291
3H, 378
9X03
36.069.982
Total net assets
49332222
40.1992W
62.952,639
58,664.604
112,284,8'58
98,863901
CI FY OF CAPE GIRARDEAU, MISSOURI
Go, cin mental ac(Oloce. Guvcmntcntal actioities increased Ilse Citcof Cape Girardeads act assets by
$2147,678 (compared $$974,550 in the precious fiscal Near) Ihcrebp accounting for 68.0 percent of the
tonal grulc(hat the net assets of Ilse CON. Increases in net investments in capital assets during the Oscal year
accounted for $8.422,068 (92. I'%) of the total increase in net assets during the fear.
i)
City of
Cape Girardeau's Change in
Net Assets
Governmental
Businesstype
activities
acloiltuds
Total
_ 2005
2004
2005
2004
20o5
2004 _
Revenues:
Progam revenue_
Charges for service
3,839,480
3,6]4,203
11,175 000
10,999,838
15,014,480
14,674,041
Operating grants and
contributions
829,652
72],5]3
9,967
2,074
839,619
]29.84]
Capital grants and
contributions
5,002,246
4,788,186
2,381466
1,120.725
7,383,712
5908,911
General revenues.
Property taxes
1565,330
1,965,644
-
-
1565,330
1,965,644
Salestaxes
17,433276
15,833,767
-
-
17,433,276
15,833,767
Other taxes
],036,902
6,844,990
-
-
],036902
6,844,990
Other
959,673
722,415
438,482
368522
1,398155
1,090,937
Total revenues
36666559
34.556,] ]8
14,004,915
12491159
50,6]1,4]4
4],047,93]
Expenses
Administrative
5.176808
4,796991
-
-
5.176.808
4,796991
Development Services
1.839.919
11681388
-
-
1,836,919
1,681,388
Interest and other costs
1.125.373
1,205,W0
-
-
1,125,373
1,205,970
Parks and Recreation
2,894,962
2,866,313
-
-
2,894,962
2,866,313
Public Safety
9,976,]05
8911466
-
-
9,976705
8,911466
Public Warks
2,552,600
2.709.140
-
-
2,552,600
2.709.140
Sewer
-
-
4,465329
3,987,359
4,465329
398].359
Water
-
-
5,738.]7]
4,808,229
5738.777
4.808129
Sold Waste
-
-
2,476652
2,501842
2.476.652
2,501,842
GrafCcurse
-
552,162
571,458
552,162
571
458
School, Complex
_ -
433,263
418.196
433,263
416.196_
Total expenses
23557,367
22,171,266
t 3866, 163_
12205, 084
37,223,550
34,456,352
Increase in net assets
before transfers
13,109 192
12.385.510
338.732
206,075
13447,924
12591,585
Transfer,
(3.961 514
- Q410,960)
3951514
3.410,960
_
nc
Irease In net assets
9,14].6]0_
8974550
4300
-- -_
13,44]924
1259105
Net assets]AV2004
40199.297
31,224,74]
58,664,604
55,009522
98,863,901
86,234,269
Prior period adjustments
114]53)
__ _ _
X12,2141
38.047
_ _f26,9i
38,047
Net assets 6, 302005
49,332.222
40.199,297
62.952,636
58,664.604
112284,858
98.863.901
i)
CITY OP CAPE GIRARDEAU, MISSOURI
Activity in the follm,ing revenue and expense items should be noted for Ute current fiscal Near:
Revenues
• Operating grants and contributions NNcre$102079(14.0%) more tlmn die precious pcar .Operating
granis for the police department iverc$69 853 (26.1%) more while grant revenue for coni nmol,
decclopment projects increased $43,715 (57.8%. Gran( revenues for police department costs
associated with airport security and its domestic abuse program increased $25.602 (68.9%) and
$19.865 (209.2%).
• Capital grants and contributions increased $214,060 (4.5%) over the previous pear_ A major
mnumN reconstruction project at the Cape Girardeau Regional Airport accounted for $3,465, 139
(69.3%) of this year's revenue. This project ryas 95% grant-fundedth the current vicar $424,032
of donated assets and infrastructure NNcrc recorded. This oas $1,659,334 (79 6%) less Ihan the
previous Near. The portion of infrasmidure costs that were charged benefiting propertyowners
decreased $833,9110 (93.8%) this year from the previous year.
Property tax rm enue iras $400,3 14 (25 6%) less than the previous year. This resulted front the
expiration of a 10 coni debt service Icvv used to make pavuicnts on general obligat on bonds that
were paid off in the previous Near. The total property tax revenue from all other levies increased
.$21 z 14 (1.4%).
• Sales tae re, conic was I0.1 percent more than the polo ous year. A new 'G coal fire sales lax that
was approved by voters in lune 2004 went into effect October 1. 2004 mid produced $1,327.307 in
rcvenne this fiscal Near. This accounted 8 4 percent of the 10.1 percent increase for the pear. Tile
remaining sales rex rcvenne was 1 7 percent more Ihan the previous Near. to the previous ycar
sales tae rexenue had increased 3.5 percent The current ycar -s increase was disappointing
considering inflation increased mer 3'/(, during the past Ncar_ This year the Cit' along with most
other onto Missouri retailers participated in o back to school weekend sales tax holiday. During
We first eeekmtd in August customers could purchase limited muomns of school supplies,
clothing and computers withmul being charged sales tux_ N is estimated that the holtda_r ea, haat
reduced mmual grov,th by 25%.
• Other tuxes Increased $191,912(28'% over the precious i ion Como canon and tourism taxes.
Itancluixe taxes, business license lases, molar file] taxes and other cit, taxes grew $22,959 (1.a".),
$45,684 (1.6%..)..$71.194 (7.6%), $16.046 (I. I%) and $34039 (I8 0%) respectively. tncreowd
collection efforts were a sn juficaul factor in this year s business licenses tax gron'III while a
24.4%growfit in cigxreac taxes acco n tcd for almost all the growth in this Ncar's other ciIN tax
re,cnne.
• Other reNmno increased $237 258 (32.8%) over the precious i'car, I I n est local earnings increased
5322714 (58 d°/..). The end of )car adjustment of ito estmmtits to market value was ($31. 607) in
..
the current Near. In the previous leer it was ($150.019). This } car's smaller market value loss.
higher acaunulated cash ba [it and reincashnem of maturing Iue'estmeill s at higher rates are
the main contributors Io Ihis increase In the current Near Ihere were no gains Cram sales of excess
City right of NN al HlNcNer_there were $86,865 in gains in the pool mus 1 car.
Expenses
Effective Jarman- 1. 2005 the CuN raised its emplo, cc ,IN plan to become more eonipdl(IN e wish
local and state-wide markets. Sworn public safety eniplo, cc, recciNed an average 12%increase.
Other CfIN cmill oyecs recen ed an average 8%incrcal se. Profcded costs of these increases for the
'
re.lin ndeI of the Near were adtuinishain c - $50.485. dei clopuontaI services - $42.156. parks mid
recreullon -.546 286. public safety - $397,682, and public narks -$26 600
CITY OF CAPE GIRARDEAU, MISSOURI
• Adminislonn e expmrscs increased $372817 (7.910) this )'ear Operating expenses at the Cape
Girardeau Regional Airport increased $201,790 (13.3%). Costs of resale fuel, special cleans and
salaries Icrcased $90,651 (18 7%). $20,059 (19.1%x) and $51,182 (9.4%) respectil ch this Near.
'fhc increased fuel costs acre only par Talk offset bN $56 259 in additional sales_ Depreciation
expense increased $88,2% (30.5'7) as a result of ninjor mnvvay improvements completed this
scar.
• Dccclopmenl scot ices expense increased $149.531 (8.9%) this Near. Expenses related to the Cip's
corninai , decclopmcnt and public transportation programs increased $46.969 (429%) and
K7305 (10.5'%,) TespcdivcIN over the previous Near.
• Interest and other costs vccre $90,597 (6,7%) less than the previous year. The majoritN of Ibe
decrease resulted from the pavoff of the 1997 certificates of participation during the precious year.
• Parks and recreation expense call increased .$28,649 (1.0%) despno the and yearsalanIncrease
as a result of cost calling measures taken b_v Ci (A Council during (his Near's budget process.
+•
Public safely expense increased $t,065,239 (12 U°//„) Ihis Near. Salah cspcnse increased $827,938
(11.5%) as a result of the into Near salary increase sold loocr vacancies in approved positions. The
remaining expenses increased $237,301 (13 8%. Vehicle fuel expense increased $33.743 (41.9"/,)
and demolition costs ofcondcntned buildings increased $37,392 (10264'7)_ During this year
,$54,821 in mirror equipmenl vNas purchased using Various grants.
• Public works expense decreased $15(, 540 is g%) this Near. During this year's budget process the
slonmcntct division oaa moved from the general hard to the setter fund vNhich is a business-ttpc
,act INIIN. The total stouooaterexpense in the precious Near vcas $307,053.
Public v,oiks expense increased .$150.513 (630,x)) of er the precious year olien stop of alcr costs
are excluded_ Depreciation expense front infrastructure vras $264,281 (58 3%) more this mar I1Lan
the previous yearla the previous year the City spent $148,601 to complete the remoNal of a caste
lagoon from a trailer park.
w C'1`Y OF CAPE CIRARDEAU, MISSOURI
"IIIc chum belowvilhlslmmlcs the surplus or nob subsidy required for diffcrcni kcy City programs
Softball Complex
w
Gulf Course
Solid Waste -
--' ® Epense
Sewer
uRevenue
Neat=er
Public Works
+ i Safety
Parks 5 Recreation
Pevelopment Ser,
w Administrative w
1500.000 3,00,000 4500p00 3,Oq O0 7500,000 9pO0000
IIIc illue tol ion above foal it dear flat III the gocernmentil activubes with the weep ion of
+ adnainisillI I, e and some of Iia busmess-tppe activities or the Ci IN required a substdc by Iaspelert. 'Ilie
mild aJsN, Iodl sco of business-ope'Ji ovi self-+upporling Adminisusboc reactved caWtni genus
and contribution, lul:ding `;3,559,9,51 during the current year causing Iheir revenues to exceed Iheir
operutiug C,pmeses Iloss vcr. these rosmutas are used but locspneNS it fur's .4irpi and were out
used to cover operating e,pQuses.
lic,co its It, Souree
Goremoi l Artivitics
qe WnueS rwgoKmmendldCllN Iles
T he chart to t1w, right untoruves thv saurcus a(
roceum hem govenunun lict, lues. The lime .e
manseUIccl n te,cmw i licit eh ate of fill
l[lenimcnttticaenaastresllesPo 5 ).
.. ahcr Oases{I t2`%)andcapt al grants til, C+�.1. �'
rlxs .en 1
111CC11\ general soles tax represents lC.i � Is, \
perccni of the total silts tis ms:nuc Gild J 7.9 1
percent of the total general fund resenucs The
rena wung Niles toss., 're rorleanslxsdatma sam.
snaacr_ wafer. and public safct) projects.
+ 'tile gcnctal bund accounic for s46",ofthc
venlce charge revenue. Thls reple,cuts 1.) 19L
of tate total gEncrall fund rcvennes.
CITY OF CAPE GIRARDEAU, MISSOURI
Business-Ivoe actisities. Business-t}'pe activities
comparison rcith the prior rear_ Approximateh69.0
increased the Cit, of Cape Girardemn's net assets by
pereeN ($23,495.911 ) constitutes unreserved fund
$4304216 thereby accounting for 32 0 percent or the
balance, ohich is available for spending at the City s
total prooth in the net assets of the Cita'. Transfers from
discretion. The remainder of the fund balance is
goner oriental actiN dics totaling $3,961,511 accounted for
reserved to indicate that it is not available for nets
We 92.1'% of the increase. This compares to transfers
spending because it has already been committed 1) to
front governmental activities in the previous year of
meet the Cil,'s chadcrcd required emergency
53,410.960 o'hich accounted for 91.3% of that year s net
resen'es ($4-154 092), 2) to Laid purchase orders
asset increase. Transfers of outer system improvcmcms
open at We end or the year ($2,350.061p, 3) to set
totaling $I.336,171 and sales tax revenuefor bond
aside fund balance not currenth available for
payasnts totaling $2 017,8S I make tip most of the ental
expenditure equal to long -tont loans dile front other
.. transfers_ Last ycer transfers of ,ester and sewer system
Cult funds ($1561,65 p. 4) to ony debt service
improrennents and sales as revenue for bond pamrents
($277,031), and 5) restricted to a specific use
were $1.007.069 a ad $1.981.082 rcspcetively.
($2,219,732).
Net program revenue and gencral revenue front
(lie sewer, otter. solid waste, golf, and sohball
operations make up the remaining increase fa
business-I,pe acli,ily net asset_ Netprogram
revmmes Isere $206,182, $(82,189). $ 10 1 J 85_
$(51,220), and $(270.509) respcctvcly in this
year. This compares to net program revenues or
$(666 013), $718,833. $95,578, $(771186)- and
$(273,729) respectiNch from the previous year_
10
'ILc general fund is the chiefopemting fad of We
Cit,. Al the cad of fiscal year ending lune 30, 2005,
unreserved Lad balance of tile general fund was
$1,321,716 slate toot fund balance as $6.367.1.50.
As a measure of the general load's hquidin. it mar
be useLd to compare both unrusen ed fund balance
and total fund balance to total fwrd expenditures.
Unreserved fund balance represents 6 2 percent of
Intal general fund expenditures. H000c,er, included
in file aiscn'ed fund balance is $3-140,151, ohich bad
been resorted to meet the Cil, Cluater's emergency
reser requirement This anmunt represents 14 8
perccnl of total gcneml fund expenditures and could
be used if an energene, ons declared by the Clly
Council
The bund balance ofthe Cil, of Cape Girardcai s
gencral Laid increased bN $201.163 during We fiscal
seareadinglune30. 2005. Key factoisinclade
o Sales has ren enuc grew 1 7 perccnl over the
pre, ious year, ohich was .$367.251 (4 71.',)
more than projected for the adopted budget
'1 his resulted from consenatice ret cnue
projections used in the adopled budgcl for fiscal
Near ending lune 30, 2005.
a Franchise lax revenue grnv, 1 0 percent in er
the prc ions )ear. which ons $71.263 25`:fi)
nhore d an projected for the adopted budget.
This resulted front co Ise, airss e re,enuc
projections used in the adopted budget for fiscal
,car coding Junc 10.200s.
n Municipal Court rc,enuc increased 2 0
percent overthe previous , car icLich oas
$49,176 (5. S`,) more than projecled for the
budget Hasresultedfromconsenative
revenue projeel uons used in the adopted budgcl
for fiscal war coding ]nuc 30 200s.
Revenues for business -type activiies
z
Financial Analysis of [lie City's Funds
As noted earlier, the City of Cape Giranlcau uses
fund accounting to castle and denwiisinnc
compliance Iviih finance -related legal
regtircntmus.
Go,cnuucntalfunds. Thcfoaisofihe Cit,
governmental funds is to pro,ide information on
near-term htnm,s, oumot,s_ and balances or
spendable resources_ Such information is useful
in assessing the Citb s financing rcquircmculs.
In paNcular, unresen'ed food balance Ina, serve
as a useful measure of the Cit,', act resources
a,ailahle for spending at the end of a fiscal Near.
As of June 3t). 200 , the Cines tim cramcntal
Lads icpoded combined ending fund balances
of $34.058.477, an incrcrw of %4,787,7s5 in
10
'ILc general fund is the chiefopemting fad of We
Cit,. Al the cad of fiscal year ending lune 30, 2005,
unreserved Lad balance of tile general fund was
$1,321,716 slate toot fund balance as $6.367.1.50.
As a measure of the general load's hquidin. it mar
be useLd to compare both unrusen ed fund balance
and total fund balance to total fwrd expenditures.
Unreserved fund balance represents 6 2 percent of
Intal general fund expenditures. H000c,er, included
in file aiscn'ed fund balance is $3-140,151, ohich bad
been resorted to meet the Cil, Cluater's emergency
reser requirement This anmunt represents 14 8
perccnl of total gcneml fund expenditures and could
be used if an energene, ons declared by the Clly
Council
The bund balance ofthe Cil, of Cape Girardcai s
gencral Laid increased bN $201.163 during We fiscal
seareadinglune30. 2005. Key factoisinclade
o Sales has ren enuc grew 1 7 perccnl over the
pre, ious year, ohich was .$367.251 (4 71.',)
more than projected for the adopted budget
'1 his resulted from consenatice ret cnue
projections used in the adopled budgcl for fiscal
Near ending lune 30, 2005.
a Franchise lax revenue grnv, 1 0 percent in er
the prc ions )ear. which ons $71.263 25`:fi)
nhore d an projected for the adopted budget.
This resulted front co Ise, airss e re,enuc
projections used in the adopted budget for fiscal
,car coding Junc 10.200s.
n Municipal Court rc,enuc increased 2 0
percent overthe previous , car icLich oas
$49,176 (5. S`,) more than projecled for the
budget Hasresultedfromconsenative
revenue projeel uons used in the adopted budgcl
for fiscal war coding ]nuc 30 200s.
CITY OF CAPE GIRARDEAU, MISSOURI
The debt service fluids Lace a total fluid balance of
$373390, all of which is rescued to pan debt service
costs and to meet co ergency iesen'c requirements-
'fhe net decrease in fund balance during fiscal tear
ending June 30, 2005 in the debt senior funds was
$48.190
Propriclan funds. The Cil} of Cape Girardeau's
enterprise funds are all presented as malor funds for
purposes of this report As a result, all statements
related to the cnlcryrise funds are presented at the
goyernmenl-wide IcNel. "fho Cin' docs have Internal
Service funds, e Lich are reported in the fund
statements_
General Fund Budgetary Highlights
Differences bcnceen the original operating budget
and the final amended operating budget vvc,c
$4,719,574 (28.0%d over the original budget amount.
The changes can be summarized as follows'.
n $53,47510 cover the upgrade ofequipmcnl used
to telecast over Cable Access Channel A
Franchise assessments collected in previous
Years for Chis purpose were used to pmchasc
this equipment
u $579.031 to rover and vcar upgrade of Cit, s
pec plan and of her pap issues -
o
S72.`309 for transfers to the import, parks laid
recreation, golf and softball complex funds to
cover the cost of and year pec plan upgrade
and reinstalciacal of other se, ices pmvtoush'
cut
o $12,900 to Into a company to design tad host
Ote Cin's welt site.
o $19700to o, ci additional anticipated
operating costs of 11ie parks maintenance
division
u 541,000 to caper the costs of issuing bonds to
fund the purchase of a nevv public oorks
hcadquartcrs.
.t .$22000 to cover additional anticipated
operating sorts of street maintenance
division
$ 101010 to covcnninor equipment and supph'
purchases made In the police and fire
o Business license revemae increased 7.6
percent over the prexions }'ear nliach was
$108.568 (1I 7%) more than projected for
the budget This resulted from
consen Ills C my enue projections used in
the adopted budget for fiscal }'ear ending
June 30. 2005 and continued progress in
the collection ofdclinquent accounts.
o Other license and pernut revenue
increased 1.3 percent over the previous
scar which was $21_919 (12.7%) more than
projected far the budget 'This resulted from
consenalse revenue projections used in
the adopted budget for Fiscal Near ending
lune 30, 2005.
u Senior charge revenue increased 35.0/
Imm the previous yearwhieh as .$85,331
(22.0'7) more than projected is the budget.
Engineering fees increased $76,513
(09 9(flo as a result ofsewral large
residential real estate devclopntcnts.
o Internal charges decreased 6 4 G from
the previous ycancluch was $155,143
(20 4%) Tess than projected in the budget.
This resulted front vacancies in dtc
Gginccring department that did not allow
a
as nmclt time to be spent on Ctty capital
projects. The p lucccd budget as based
on Fiscal 2003 which had more ('rb capital
projects compleled.
o Miscellaneous revenues Included
unprotected donations lending $74.804 that
+
were used for police and fire department
projects
o Filling the current fiscal veru the Cal
spent $223%9 (I 2%) less than the revised
buded
o During the current Fiscal year the Cily
spent S3.138,398 (20.1%) snore than
original budget Capital outlays occonaled
for $2.474.909 of this difference and the
and vcorpas plan adjustment accounted Cor
almesl all of the rens of the difference.
a
Bond proceeds_ cccess rcv clines, and
tcusfers from the public safety mat fund
covered the increased expenses.
The debt service fluids Lace a total fluid balance of
$373390, all of which is rescued to pan debt service
costs and to meet co ergency iesen'c requirements-
'fhe net decrease in fund balance during fiscal tear
ending June 30, 2005 in the debt senior funds was
$48.190
Propriclan funds. The Cil} of Cape Girardeau's
enterprise funds are all presented as malor funds for
purposes of this report As a result, all statements
related to the cnlcryrise funds are presented at the
goyernmenl-wide IcNel. "fho Cin' docs have Internal
Service funds, e Lich are reported in the fund
statements_
General Fund Budgetary Highlights
Differences bcnceen the original operating budget
and the final amended operating budget vvc,c
$4,719,574 (28.0%d over the original budget amount.
The changes can be summarized as follows'.
n $53,47510 cover the upgrade ofequipmcnl used
to telecast over Cable Access Channel A
Franchise assessments collected in previous
Years for Chis purpose were used to pmchasc
this equipment
u $579.031 to rover and vcar upgrade of Cit, s
pec plan and of her pap issues -
o
S72.`309 for transfers to the import, parks laid
recreation, golf and softball complex funds to
cover the cost of and year pec plan upgrade
and reinstalciacal of other se, ices pmvtoush'
cut
o $12,900 to Into a company to design tad host
Ote Cin's welt site.
o $19700to o, ci additional anticipated
operating costs of 11ie parks maintenance
division
u 541,000 to caper the costs of issuing bonds to
fund the purchase of a nevv public oorks
hcadquartcrs.
.t .$22000 to cover additional anticipated
operating sorts of street maintenance
division
$ 101010 to covcnninor equipment and supph'
purchases made In the police and fire
12
CITY OE CAPE. GIRARDEAU, MISSOURI
deparinlalle kith unplanned grant and
Capital Assets and Debt Administration
donation revenue.
Capital Assets. The City of Cape Girardeau's
o 55,000 for die costs of marketing the old
ureestment to capital assets for its goceromental
+
public works headquarters
and business -roc activities as of lune 30. 2005,
amounts to $139,751.870 (net of accumulated
u $25,000 for additional liability claims
depreciation)_ This invesuneat in capital assets
against the City-
includes land. buildings and swein impronemems.
machinen- and equipment and Infrastnmture
o $ 1 98 000 to cover the costs of the
completed during the last three fiscal Nears. The
purchase of a new public works
Cir has not Not completed its in, cnwrN and
a
headquarters. adjoining propertc. and costs
ari sas of its roads, highw a}s, and bridges as
of installing a new fueling system at the
capital assets of the City_ As a result the Values
site Bond proceeds of $I fi00,000 and
that these assets represent arc not yet a part of this
proceeds Gore a future sale of the old
report. The GASB pronouncemmiit which requires
public ipoiks headquarters will be used to
this allows additional time for the City to
fund these costs
accomplish this task We belim'e it mill be
accomplished for die report on Fiscal Near ending
..
a S473,950 to cover equipment purchases
Jurlc 30, 2007.
made by the police and fire departments
with unplanned grant and donation
mmnuc
Cite Capital Assets
o $1.170,000 transfer to the public safety
trust fund to comply With the intent of the
nmy fire sales bas. This transfer seas
Ia uv
coNcred bN transfers hour the fire sides b:1C
fund
$100 000 transfer to the airport hind to
34i inn
offset a portion of the tecenue lost as a
ewei�narmodm
IcsuII of a default on a lease of an airport
'aur
mtumbacturing fuciIiti owned by the City.
o,
o S15 0001. ancr anticipated operating loss
of the softball complex fund.
�. S4 3001u cocci additional anticipated
operating costs Of the fire division.
Excess gcucml fund revenues Dere used to
fund all oppropriatiens that did nor puce an
identified funding source.
12
CITY OF CAPE GIRARDEAU, MISSOURI
"
Major capital asses cycnls during the current
City of Cape
Gire rdeau'a Capital Assets
C on stluc0on cost s t ota l i ng$1969."759 on
uppioyed II anaporaai0n sales ins projects
lccre incurred Illis,caI This las oras
or approycd to croutplelc a specific
(net of depreciation)
amounts for street repair and oacday,
sidcorllk coistmctiou and repair_ and
Governmental
a.
o Construction costs Inlaling 81336.17-1 on
Business -type
rater syslem prolecls oyes incurred this
tear A capitol inlprorenlGtl sales tax
bas originally approccd to 199610
Act is_ty_
Ad_Ivllles
_
Total
pall of dlom inlproneulcltsrhemost
_
2005
2004
2005 2004
2005
hl al in cstilnatcd cost of $IZ70U 000
2004
Most of the projccts on the list arc ams
Lantl
4,489,885
4018023
248,109 248.109
4,737.994
�• Co n sl I act i 011 costs Iour I111g appl'o xi ala ick
4,266,132
$ 1.210 000 11 ere Aso incurred on street
Buildings and
prolecls 1101 IIICIOded On the 1r)Inspollatton
mics las list of project,
system
Improvements
10,328,554
7,322,904
2,811,571 3,019,057
13,140,125
10,341961
Improvements
other than
buildings
6,997,354
3,726299
61,474,701 61,573730
88,472,055
65,300,029
Equipment
2873,990
2539,650
2,533577 2,056271
5,407,567
4595.951
Infrestmcture
19.009,536
17,026,002
- -
19.009536
17.026.002
Construction in
progress __.
2878.089_
838950
6.106,504 23.177410
8,984,593
24,016,368
Total
46,577.408
35471858
93,174462 90.074,585
139,751870
125,546,443
"
Major capital asses cycnls during the current
fiscal yea nncluded the folIoil I Ig
,.
C on stluc0on cost s t ota l i ng$1969."759 on
uppioyed II anaporaai0n sales ins projects
lccre incurred Illis,caI This las oras
or approycd to croutplelc a specific
lAl of street projects, %y Inch also included
amounts for street repair and oacday,
sidcorllk coistmctiou and repair_ and
street light installation and upgrades_
a.
o Construction costs Inlaling 81336.17-1 on
rater syslem prolecls oyes incurred this
tear A capitol inlprorenlGtl sales tax
bas originally approccd to 199610
c9111plelc a specific Ilse of improynuatls
In Ibe tyater s\Skill Iolallllg applo%ilimely
$26.100.000. The abocc costs represent
pall of dlom inlproneulcltsrhemost
signilicanl pooled on the original list lids
the c%yaalsion and upgrade of oyaler plant
hl al in cstilnatcd cost of $IZ70U 000
Most of the projccts on the list arc ams
complelc. At the end of the scar. the
espmiston and upgrade of Ira lcrplant 41
¢a15 hitt-`„coil Tile IC
�• Co n sl I act i 011 costs Iour I111g appl'o xi ala ick
$ 1.210 000 11 ere Aso incurred on street
prolecls 1101 IIICIOded On the 1r)Inspollatton
mics las list of project,
13
C' Construdiml costs totaling approstmmel,
$251 000 oscs also incurred on flood and
storntvalcr control projects.
u ConAII[Chon costs totaling$ 1 605,727 on
setter steal pi ojceis oere itell rred this mar
A capital iulprocelnenl sales has teas originally
approved in 1994 to complete a specific list of
iloprovemmilts to the Smoot sl your. Ovcr
$3395.000 in sCelnle bonds troy been
issued tlucugh the Stale bey allynig Loan
Pronoun to complete these projects. Most of
the projccts on the list are uoty conlplele. At
the end of the year_ oak IIIc South Ramsey
Branch Lift Station ons not conlplctc.
Additional inlbnnation about the Lill s capital assets
can be found in note D of this tell
CI'T'Y OF CAPE GIRARDEAU MISSOURI
City of Cape Girardeau s Outstanding Debt
Year ended 2005
Governmental Business type
_Activity Aoavibes Total
2005 2004 2005 2004 2005 2004
Notes payable 87 vote 475,141 - - 87,446 475.141
Special
obligation
bonds 9,]40,]28 1769.295 936,760 1,113,800 10,677,486 2,883,096
Revenue bonds 21,282719 22,097,140 41453.189 43,727.789 62 735,908 65.824,929
Certificates of
padicipati0n 2,725,456 2,815,531 - - 2725,456 2,815.531
General
obligation
bonds - - - - - _
leasehold
revenue bonds 692000 720000 - 692000 720,000
34,528.349 27,877,107 42,389949 44841.590 76,910,298 72718,697
Long-Icml debt. At the end of the local cern,
Ire Cih of Cape Girardeau Itad local debt
outstanding al' $7f,9 IS 298. Headed debt
outstandng Iolaling 562,73 i,909 is secured by
vcremes of the sell cr and oanet hinds and
capital ialprocelnenl sales tamsthe repsIllenl
of the rentaiuing debt is subject to annual
appropi alwals.
The Cites lotul debt ivacased by %4.199.60 1
(5B°at during the ccur. 'I'lie key laclor in this
incmasc uas Ilm iIIUMcC ofspaaul obligations
bads ,,fit procecde of $A.304.i02 The
rauaniing dccroase is debt reeulled from
regularlc scheduled parmcnts and the cud_v
reltrcmcln ofa 8328- 146 Idose oblicalion.
Alone iNonuation about the Cilr3 outstanding
debt can be found it note F In fire financial
stinwilrcllts.
14
Economic Factors and Bre Next Year's Budgets
and Rates
Despite Ire fact the commercial dcrelopmenl
conlinues to be robust. groeth of retail sales
continues to be stole Since the Cihis hcill
depedidenl on sales liv, lcoup for support of its
general fund smiles. stow grotdh of local retail
sales can hale a du make impact on fire Cub's abilih
to fund smiles in arefuouc of Ireir clmcnl Iccnls.
Stil Band lord falls restrict the Or, s abilih Ia
increase fees to corer the costs of prodding specific
smiles to the users of fhose services.
Slott econonn. Soles tax is a sienificmd revenue
sou¢c of the Cih and is a barometer of -the local
cconion, During the fourycars pnorlo lite current
f weal }ear. sales tar mvcuuc grins at an average rale
of 1.4'5, (chile inflation grew at au average rate of
1.9"6. In lire precious four scars. sales fns Rev, at an
aczmge one al 14°.o rthilc ninalimi grmc at mI
average idlc of 2.39h. This slog drnar in safes
grosclh began in the fiscal scar ending ]line ;f 1. 2001_
it scar in"Inch there ons no safes fay groscIh. During
the curtest fiscal tear sales grew 1.7'44,11 lite inflation
glco of a rale of 3 I" -L. In the current 2006 fiscal
rear. sales las cuulinucs to grmc al if loner lead than
the inflation rate.
CITY OF CAPE GIRARDEAU, MISSOURI
Regional retail center. Through most of the
1990's Cape Girardeau continued to be it
regional retail center for much of Southeast
Nlissouri and SOuWern [[triols. During the latter
pate ofthe 1990 s Cape Girardeau began to lose
its share of the mail market to other cities in the
region as ([lose cities added additional relail
outlets in their conaauaities.
'IIIc presIom hie Ic. 11 filch includes Ilie Cd% of
Capc Girardeau and significant retail ecaers
An 1111111 a so mile radius. shows the pea CC]dage of
eaimatcd sates made be each City to the total
estuuacd sales of the rise cities. Since calendar
near 2000 the Cas's ]late if hose sales has
decreased from 135 percent to 411.9 percent.
I loocner during the Iasi Neartile Ciro share of
the local mmkcl inaprowd slightly.
Actinilc has lakat place durtngond aper (Ile
armed fiscal vcorohich. hopefully. will
coatuuc to Imlp us realplire our market shorc.
kohts opened a nco store iu April 2001 and
Scars Gonad opeocd a nae store iu October
2005. 'these Isco uac mail outlets should enable
the ('111 to iIaproec its rcgienaI dmo-
State and Local Lim Clmradl) state lass
prohibits the Chv from increasing alis' penal( or
licc,1se fees "ohout a note Thus looking it
difficult for tilt Cits to cover (lie inc casing costs
of prunding serniceS associated oith these
revenues. The City Charter prohbits 2nn annual
user fee increase of greater Ihnn 546Iwls ul it
note of the people Although this 1)10nision
storks well scith the more stgaubca,1l l6cr fees
such :Is etocr and sewer rates. it mnkcs loosing
smaller user fes laorc aaubmsioc. 'flus
provision has hid a greater tmpacl at the Parks
and Recmation Ford saber, the C'Ib has declined
up 11,1111 the finial Icaraldlog IIIe i0. 21105 to
15
slake small increases to weer increased costs, as a
comci ience to its users. Prior to these increases_ the
oohpark and reci cation fees that hang bean
I nereased since 1997 hese been fees al the golf
course
Budget for fiscal vicar ending June 34 2006 and
riuauciul condition. Based on the consercatinc
recenne assumptions used to prepare file fiscal vicar
ending June 30.2005 budget and the fact (he actual
revenues signifiamth exceeded those projections. Ilse
Cit, seas able to adopt a fiscdl pear 2006 annual
budget (hat leas balanced and provided for a
significant number of needs.
The Cis oas able to onnslalc sonic of the programs
eliminafcd in (Ira poen ious scar s budget and pmnide
for smut and cost of lining increased Cor its
emplowcs.'file tiro sales lac o loch oas pissed In
June 2004 allooed the city to add 3 neo' firefigacrn,
continue the pale plan adlustman that teas made i,1
Jmuutn' 200i_ and fund needed public safer
cquipmcnl and facilipr impronaucnts. Funding of
equipment for othergeneml. airport. and parks and
recreation foods' divisions seas still ivadaivale.
9 he Cit, s current IirmnciaI position is strong in Ilial
it has arare Ilin it adcglnhe Gnnucial resources to weer
existing claims on those resources. Booever, its
financial condition or its abilitn to provide enough
rwceurr'ing rmalues to meet its reoccurring needs is
still less than desirable.
Requests for Inl'nrnmlion
This financial report is designed to provide a general
own'icm of (he CIO of Cape Gimidetal 5 tinauces
fordl those snith au interest in the Cilb's finances.
Oiled Ioils concealing u,1v Otthe infonnnI lou
piesndut in this report or requests for addiroual
financial moi,aafoo should be addressed to the
Finance Director Cin' of Cape Girarde:m. PO Bae
617. Cape Girudcau. MO 61702-00 17.
SALES TAX COMPARISON
2001
.2002
2003
_ 2004
Cape Gnardeae
422%
41.3%
40]%
40.9%
Carbondale
272%
277%
28.3%
27.6%
Jackson
93%
94%
9.5%
98%
Perryvele
73%
72%
70%
72%
SMeston
140'X,
14.4%
145°%
14.5%
1000%
1000%
1900%
1000%
'IIIc presIom hie Ic. 11 filch includes Ilie Cd% of
Capc Girardeau and significant retail ecaers
An 1111111 a so mile radius. shows the pea CC]dage of
eaimatcd sates made be each City to the total
estuuacd sales of the rise cities. Since calendar
near 2000 the Cas's ]late if hose sales has
decreased from 135 percent to 411.9 percent.
I loocner during the Iasi Neartile Ciro share of
the local mmkcl inaprowd slightly.
Actinilc has lakat place durtngond aper (Ile
armed fiscal vcorohich. hopefully. will
coatuuc to Imlp us realplire our market shorc.
kohts opened a nco store iu April 2001 and
Scars Gonad opeocd a nae store iu October
2005. 'these Isco uac mail outlets should enable
the ('111 to iIaproec its rcgienaI dmo-
State and Local Lim Clmradl) state lass
prohibits the Chv from increasing alis' penal( or
licc,1se fees "ohout a note Thus looking it
difficult for tilt Cits to cover (lie inc casing costs
of prunding serniceS associated oith these
revenues. The City Charter prohbits 2nn annual
user fee increase of greater Ihnn 546Iwls ul it
note of the people Although this 1)10nision
storks well scith the more stgaubca,1l l6cr fees
such :Is etocr and sewer rates. it mnkcs loosing
smaller user fes laorc aaubmsioc. 'flus
provision has hid a greater tmpacl at the Parks
and Recmation Ford saber, the C'Ib has declined
up 11,1111 the finial Icaraldlog IIIe i0. 21105 to
15
slake small increases to weer increased costs, as a
comci ience to its users. Prior to these increases_ the
oohpark and reci cation fees that hang bean
I nereased since 1997 hese been fees al the golf
course
Budget for fiscal vicar ending June 34 2006 and
riuauciul condition. Based on the consercatinc
recenne assumptions used to prepare file fiscal vicar
ending June 30.2005 budget and the fact (he actual
revenues signifiamth exceeded those projections. Ilse
Cit, seas able to adopt a fiscdl pear 2006 annual
budget (hat leas balanced and provided for a
significant number of needs.
The Cis oas able to onnslalc sonic of the programs
eliminafcd in (Ira poen ious scar s budget and pmnide
for smut and cost of lining increased Cor its
emplowcs.'file tiro sales lac o loch oas pissed In
June 2004 allooed the city to add 3 neo' firefigacrn,
continue the pale plan adlustman that teas made i,1
Jmuutn' 200i_ and fund needed public safer
cquipmcnl and facilipr impronaucnts. Funding of
equipment for othergeneml. airport. and parks and
recreation foods' divisions seas still ivadaivale.
9 he Cit, s current IirmnciaI position is strong in Ilial
it has arare Ilin it adcglnhe Gnnucial resources to weer
existing claims on those resources. Booever, its
financial condition or its abilitn to provide enough
rwceurr'ing rmalues to meet its reoccurring needs is
still less than desirable.
Requests for Inl'nrnmlion
This financial report is designed to provide a general
own'icm of (he CIO of Cape Gimidetal 5 tinauces
fordl those snith au interest in the Cilb's finances.
Oiled Ioils concealing u,1v Otthe infonnnI lou
piesndut in this report or requests for addiroual
financial moi,aafoo should be addressed to the
Finance Director Cin' of Cape Girarde:m. PO Bae
617. Cape Girudcau. MO 61702-00 17.
BASIC FINANCIAL. S'I A F94ENTS
1 1 Y 1 1 1 1 1 1 1 Y 1 1 Y 1 1 1 Y i
ASSETS
Gash and cash equivalents
Investments
Taxes receivable
Utility charges receivable
Special assessments receivable
Interest receivable
Other receivables
Mato, fuel receivable
Grant, receivable
moue lbalances
Inventory
Prepaid Items
Restricted cash and cash equivalents
Restricted Investments
Land
Buildings
Other Improvements
Equipment
Infrastructure
Const.ncapn in process
Tetal assets
City of Cape Girardeau
Statement of Net Assets
For the Year Ended June 30, 2005
Primary Government
Governmental
Business -type
Activities
Activities
Total
$ 3.157,455.14
S 257,724.37
$ 3,415
179,51
27,733.159.13
4,322.378.45
32055,537,58
3,030,878.00
3,030.878.80
-
1,243,092,97
1,243,09297
1,729,614.24
211,040.19
1,940,654.43
370.54723
9,635,06
380,18229
213.03590
7,67489
22071079
132,263.70
-132,263,70
1,032.424.12
202,017.87
129524199
1.670,283 62
(1,670,283.62)
-
101,139.65
228,512.86
320652.51
2.398,691 35
367.125.55
2,765,81690
89,631.05
6,167,18387
6,256,814.92
-
3,123,208.65
3,123,208.65_
4,489,085.31
248,108.90
4,737,994.21
10,328,55357
2,811 570 80
13,140,124.37
6,997,354.30
81,474,70142
88.472,055
72
2.873.989.59
2533,576.91
5,407,566.50
$ 88.236,532.05 $ 107704.573.53 $ 195.941,105.58
I 1 f f i 1 l f It 1 1 { f 1 1 I i 1 1
City of Cape Girardeau
Statement of Net Assets
For the Year Ended June 30, 2005
Primary Government
Governmental
Business -type
Activities
Activities
Total
LIABILITIES
Amounts payable
$ 1,532735.16
$ 96765335
$ 2,500
388,51
Salaries and benef c payable
1.120.27823
168.865
70
1,289,143
93
Interest payable
624.721.69
682.07646
1,306,798.15
Other liabilities
227.663.74
421.558.09
649.221.83
Estimated claims
710.000,00
-
710.000.00
Due to other governments
83.444.73
26,834.80
116,279.53
Unearned revenues
77.117.08
-
77.117.08
Estimated landfill past closure costs
-
95,000.00
95,000
00
Current portion long-term debt'.
Nates payable
87,44629
=
-
87,44629
Revenue bonds payable
870.00000
3.304.00000
4,178,000.00
Certificates of participation payable
110,000
00
-
110,000.00
Leasehold revenue bonds payable
520.000.00
520,00000
Special obligation bonds payable
840.000.00
170.000.00
1,010,000
00
Long Iran debt net of current portion'.
Revenue bonds payable
20.412.718.81
38,149.18932
58.561
908
13
Certificates of participation payable
2615,,456-10
-
2,615
456
10
Leasehold rooenue bonds payable
172000-00
-
172,00000
Special obligation bonds payable
8,909728.02
766,759.89
9,667487.91
Total l iabillfies
38904,309.05
44751,93761
83 65624746
NET ASSETS
Invested In capital asset, net of related debt
16, 016.819.11
51,692,818.07
67709.63718
Restricted for debt service
277,031.40
1, 070,
000.00
1,347,031.40
Restricted for depreciation and replacement
947,Oo0.00
947,000.00
Restricted for emergency fund
4,154,092-00
1,534,456.00
5.688,548-00
Restricted far Mausoleum
87
742.38
-
87,742.38
Resblcted for River Campus Project
81,091.95
-
81,09195
Restricted for Local Access Channel
10,525.00
-
10.52500
Rectncted for Operation and Maintenance
34,378.92
-
34,378.92
Unrestricted
28,670,541.44
7,708,361.85
36.378,90329
Total net assn to
$ 49332
22220
$ 62,952.635.92
S 112.284.858.12
I 1 1 1 1 1 i 1 1 1 i 1 i 1 1 1 1 i 1
City of Cape Girartleau
Statement of Activities
For the Year Ended June 30, 2005
Net(Expense) Revenue and
Ptograre Revenues
Changes in Net Assets
Primary Government
Operating
Capital Grants
Charges for
Grants
antl
and
Governmental
Business -type
FVnctimiliPI.,cmus
Expenses
Services
Contributions
Contributions
Activities
Activities
Total
Primary governments
Governmental activities:
Administrative
S 5,176,807,90
S 1,93046727
S 125,000.00
S 3,559,951.16
$ 43a 610 53
S - S
438,610.53
Development Services
1.830
918.52
398,00026
263440.32
118,3]1.32
(991,108.62)
-
(991,106.62)
Iulerest and cher costs
1.125 ,372.62
-
-
-
(1,125,372 52)
-
(1,125,372.62)
Parks and Recreation
2,894,96242
556.77539
-
508,42657
(1.829,760.06)
-
(1,829,760.06)
Public Safely
9,976,704.69
94548733
441,212-06
388.301.00
(8201204.30)
-
(8,201,204.30)
Public works
2,552599.92
8.750.00
-
366.695.92
(2177,154.00)
-
(2,177;154.00)
Total governmental activities
23.557,366.07
3.83948025
029,652.38
5,002246.37
(13,885.98].07)
(13885,987.0])
Busness-type Activities'.
x
Golf Course
652,162.31
495,920.58
2022.00
-
-
(54,21973)
(54,219.73)
Sc.,
4,465,32924
2725,947.00
-
1,944,563.85
-
206,18151
206,181.61
Softball Ccri
433.262.94
161,374.98
1,37900
-
-
(270.50896)
(270,508.96)
Scud Waste
2475651,78
2,570231.07
6,56607
1039.49
-
101,184.85
101.184.85
Water
6]38,777.37
5,220,52580
-
435.362.56
-
(82.38901)
(82,389.01)
Total bnam..s-(ype
activities
13,66E,183
54
11.174,999
43
9,967.07
2,381.465
90
751 241
(99,751.24)
Total primary government
$ 3722354971
$ 15.014
479
68
S 839619,45
$ 7.383
712 27
(1 3,M5.987.07)
(99,751.24)
(13.985.738.31)
I 1 1 i 1 1 1 1 1 1 1 1 1 i 1 1 1 1 i
City of Cape Girardeau
Statement of Activities
For the Year Ended June 30, 2005
Net(Expense) Revenue and
Program Revenues
Changes in Net Assets
Primary Government
Operating
Capital Grants
Charges for Grants antl
and
Governmental
Business -type
Functl0oslPl0grams
Expenses Services Contributions
Con✓ibutions
Activities
Activities
Total
Primary government
Governmental activities
General revenues
Property tox65
1,565,320.18
-
1,565,329.78
Sales taxes
11,433,27511
-
17,433.27577
Franchise taxes
-2,976 762,71
-
2,976.762
71
Motor fuel taxes
1481,75556
-
1481.755.56
Convention and tourism taxes
V 1,321,477 23
-
1,321,477.23
Merchant licenses
1,1,033,561]8
-
1,033,567
78
Liquor licenses
' 59,89840
-
59.898.40
Other taxes
_163.440.15
-
163440.15
Unrestricted grants and contributions
'48.826.54
-
48.82654
Unrestricted investment earnings
1893.826.53
417,906.91
1311,
733,44
Gain on sale of assets
-
17,020-00
20,57500
31,505.00
Transfers
(3.961.514.85)
3,961,514.85
-
Total generalrevenues
23.033.66560
4.399 996`7M
27,433,662.36
Change In net assets
9,147,67853
4300,24552
13447,92405
Net assets - beginning
40 054,884.11
58.664,60401
98.719
488.12
Prior period adjustment
129.659.56
(12,213.61)
111,446-95
Netassets- ending
$ 49,332,22220
S 62,952,63592 $
112,284,858.12
I f 1 1 Y i 1 i i 1 1 1 { 1 1 t 1 1 i
City of Cape Girardeau
Balance Sheet
Governmental Funds
For the Year Ended June 30. 2005
Other
TOWI
Park and
Ran. Sales Tax
Public Safety
General Capital
GDvernmenlal
Governmental
General
Nrpall
Recreation
Trust Fund 11
Trust Fund
Di Service
Impmv6meog
Funds
Funds
ASSETS
Currenlp acts
.:ash and cash e9wvalent%
$ 116,57131
5 8.10151
S 14 274 05
3 48432].89
S 3591124
$ 32,963-23
5 15.94
$ 2.30].023.50
$ 2 999,188
67
veetnients
2187,60081
40.17241
154 638 74
8,895772.10
4,267.32830
344,36177
362.44
8,586.93363
24777170.20
ReceivaMes-
Heeleatalelaacs.list
24,25932
-
-
-
-
1,403-02
6,21586
31,87820
Personal prppedy taxes. nm
6 949.52
-
-
-
-
624.61
-
190046
8,874
79
Sal,bv
674,72623
33071.13
-
-
-
502,184.15
1507,62751
Franchise la -c
13636al35
-
-
-
-
-
-
-
1363.88135
hotel 8 motel
48,07057
48,070.57
Restaurant lav
-
-
-
-
-
70,74638
76,746.38
Special assessments
116,23667
-
-
369.38087
-
30912261
-
934,87409
1,729,614.24
Clhcr
77.35194
94.410.46
33,665431
-
-
-
-
1.120.37
20653710
Interest
345,70973
-
7,565.76
890.10
-
16.36164
370,54723
Mulch tuxl lax
-
-
-
-
-
-
89,56398
89,563.98
vehmla license tees
-
-
-
-
-
-
-
16 70764
16
)07.64
N Momr vehicle at, i lax
-
-
-
-
-
-
-
25,99208
25,992,08
C Grants
207,74700
57.17000
-
-
-
-
25953523
427.971.89
1,032424.12
Onierfund,
134 455 21
-
-
-
-
-
-
-
134,45521
vent.,
146.98
4747997
-
-
-
-
-
45.10218
92729.13
Prepmd but,
6770302
37.653.10
62400
-
1814985-00
-
-
127,04849
2.048.21361
Tolal Guns,t--,,is
570313909
28518747
203.19110
-10O60.tW 99
612531030
88936554
259,91361
13,207,216.91
36,554,02201
N6ncurreut asset.:
Advance. to 6thu, nod,
1561,65051
1,561650.51
Total N6ncurrentassels
1,561,650.51
1.561650.51
Total asset:
8 726478960
$ 285.187.47
$ 203.19110
5 10,080,197.99
8 6.12581030
$ 639.365.54
$ 259,913.61
8 13, 207 216 91
8 38.115,672.52
I i i 1 1 1 1 i 1 1 1 1 1 l 1 1 1 1 1
City of Cape Girardeau
Balance Sheet
Governmental Funds
For the Year Ended June 30. 2005
OtherTotal
Park and
Trans Sales Tax
Public Safety
General Capital
Governmental
Governmental
General
Airpod
Recreation
Trust Fund It
Trust Fend
Debt Service
Improvements
Funds
Funds
LIABILITIES AND FUND
BALANCES
Current lAbdnies.
Accounts payable
3 425.103.]]
$ 146410.12
$ 59,05].81
5 54.156.04
$ 131,65902
S 5,36349
It 34,66250
S 90,31923
$ 1426,730.96
Salaries and benefits payable
219.52966
13.64146
3792400
-
-
-
-
1,718.04
2]2,813.16
later,,( Pa epair
458395
-
-
-
1853392
-
-
-
19,11].87
Other thriller
83,884.]9
39,]3839
23.96].24
-
-
-
-
30,00000
1]],590.42
Due to other 9uvemmen6
321.45
-
-
_
-
-
2,206.64
2,52809
Payable
-
-
_
-
-
-
,6452
35 641
3
98,8169
131,45521
Unearned revenues
21.01622
20,]03.63
34.59]23
-
-
_
_
)]it]pg
Deferred revenues
142.39968
369.380.87
310611.65
1,064,2]326
1,886.665.46
Total Current liabili0es
897639.52
220,49360
155.546.28
423,535.91
146.19294
315,9]5.14
]0,304.02
1,]6]33086
3,991.018.27
Non cunent babint es:
Oo Ad- ncea firm aber(unit,
60.17739
60,17739
Total Non currenUiatallues
60.11]99
60,17739
Total Mobilities
891,639.52
280,6]099
155,546.28
423.53591
146,192.94
315,9]514
]030402
1767330.86
4,05],195.66
Pwid balance.
Reserved
5.04341496
48,281-15
39,94463
823 208
2,618411.10
373,390.40
861.65
1,614,98838
10,562,56610
Unreserved
1323./3842
(4816467;
7,]00.19
8,83345343
3.361
-
188,14794
9,824,89767
,140.18
23.495,91076
Turn l fund balances
636].15008
4,51648
4],644.82
9,656.662.08
5,979,517
36
373,39040
189,609.59
11,439,886.05
34,068,4]686
Total oabanies and fund
balances
$ F264
789 60
S 285.18747
$ 203.191.10
S 10080 19799
$ 6,125
810 30
$ 689,365.54
$ 259,91361
S 13,201,21691
5 38,115,67252
1 1 1 1 1 i 1 1 i i i i 1 f 1 ► ► ► 1
City of Cape Girardeau
Reconciliation of the Balance Sheet of Governmental Funds
To the Statement of Net Assets
For the Year Ended June 00, 2005
Fund balances of governmental funds
5 34,05B47685
Amounts repoded lorgovemnranlal acfimpesm Ibe spurimia, of net car els
arc blllerent because:
Capital assets used In govenumenlal ac -ties are riot financial resources and
44,309 381 85
Neralnr rot reported In mol
e funds. nal of accumulated aeprenuon of
$19,077 18904
Longterm liabilities. including hones payable, are not due and payable in the current
[33 ]65,854 43)
panod and therefore are not reposed in the funds.
Internal dervice funds re used by incongruent to charge the costs of manageru ant
3 754,404.68
r s
Intonnatmystems. fleet management, employee fringe benefits, workmen's
cr mpenra0on. and equipment replacement to individual funds.
NOther tong -term assets are nal available to pay for current- period expenditures and.
475, 913.24
therefore are deferred In the funds.
Business -Type Acfivibes
Nei assets of governmental achvilles
$ 49 332,222 20
1 i I i 1 Y 1 1 1 1 Y 1 1
REVENUES
IF-
L1cen5es 8 permik
Intergavemmenrel
Charges for s --s
Internal }larges
Fines and IOdeils
Miscellaneous
Imedrmenl reaenuc
sipepial aese_4-med.
TClal ievenuc
EXPENDITURES
Current
Adm ... d1w ve
Developmenl Services
"J Parks and Recreation
Public Safety
Publio works
Ola servse:
Adm1m5ln.Irve Charges
Inhere,"
Issuance Only[
Principal
Capital outlay
TOlal —kou iWrad
Excess lde4cient,y) or
xyloods
.Me,r ilu es
OTHER FINANCING
SOURCES (USES)
Tmndhea out
Thusell in
Fund glosses,
Asset daPoaren
IDmI Ui llnancmg
..nurses and ries
Mel Cuange in lurid
balanu
Fund balan,e- he, lnnin,
Ourlperlod adlulln,ar
Fund balances-enoin4
City or cape Girardeau
Statement
of Revenues,
Expenditures, and changes in Fund Balances
Gevemmental Funds
For the
Year Ended June 30,
2005
Other
Total
Park end
Trend Sales Tax
Public Safety
General Capital
Governmental
G—rmmental
General
Airport
Recreation
first Fund 11
Tmst Fund
Debt Service
Improvements
Funds
Funds
$ 12,61043489
$ -
$ -
$ 3942,09441
5 -
$ 11,684.81
$ -
$ 6076273.48
3 23540,487.59
1,228.48570
-
-
-
-
-
7.51000
1,23599570
92383).)9
""2500000
-
103,50734
-
-
3,456.443.82
2,172,29800
6,78108693
479,113ad
1122.679.19
490.32920
-
-
_
-
2,092,116.25
6114.107 18
6OPI0718
820.59962
-
_
_
-
-
820,599.62
122 024.98
266 20
4,974.66
-
-
27 425 00
-
4,000 00
158,59090
118,86639
1424.10
3,12435
230.40761
17,15039
24710.82
1,596.33
422,14480
819424.82
11,08002
-
47,53721
-
55,13224
-
255,362.83
369.112.30
16,918,55041
1,249,36955
498,42221
4,323,546.60
1715039
118.952.87
3,456,040.15
9,837.589.11
do 421,62129
1805,785.36
1715.11923
-
-
-
20.17289
-
107217609
4,613.25357
1659,45182
-
-
107080
17,019.15
1,84354177
1377.21763
-
1189,18303
-
-
-
_
_
2566,430.66
9,401,943 29
-
-
-
109.133.10
-
-
264,24657
9,775,32296
1,767 910-55
-
-
2,613.00
-
-
-
76,469 09
1,846,592134
-
-
-
7,43924
-
68,19625
75635.49
267920
8,95092
-
220,312.64
-
812.GO)83
1,044,62359
40.10258
-
-
119,67212
-
-
-
159,77470
10620.80
1447164
-
-
797,40000
93300000
1.755 492,41
2336,7059
__L847 72
371647
113967725
498,019.31
3641390.59
3?W77732
12024,133.94
184204600
1,746,38951
1192,89950
1742,29026
726,824.53
1,045,324'17
3642461.39
1196,56530
35.704.80176
(1493496.09)
(497,01996)
(694.477.29(
2.581,256-34
(709.67414
(926371 90,
(184,42124)
2,641,02381
716,819.53
(2.829,00988)
(240,449.90)
-
-
1581,280061
-
-
(5.2989512 60)
(8,919.252.44)
2743.01517
55672797
697,65193
20000000
1,162,560.11
387,18240
177,02080
720.883,65
6.64505128
17(9,63330
-
-
-
6100,01165
491,00000
-
-
8,374644.75
5.u20 00
5,020.07
169465859
316288 C7
597,65198
200,000.00
6,589.29150
878.18240
17)020Do
(4,577.628.95)
6,07546359
201i162_5O
1180,731891
317465
2781,25134
5979617?6
(IF ,1.95p)
(4,40124)
(1986,6614)
479228312
6105,90758
2.'175.02257
44,47013
6875.40571
-
42157990
200,26798
13,379 987 56
29270,721.46
119Bp, T14 20)
(11257.15)
0.4516 37)
(2,004,527.72)
$ 6, 387, 150 C8
$ 4 516 48
5 4761482
$ 9,656,662.08
8 5,979,61736
$ 373.39040
3 189,60959
$ 11439,88605
$ 34,p58,476.86
I i l 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1
City of Cape Girardeau
Reconciliation of the Statement of Revenues, Expendtlurri
and Changes in Fund Balances of Governmental Funds to the Statement of Activities
For the Year Ended June 30, 2095
Net change In told balances— ental governrnemal funds
3 6,792.283.12
At munto reported fpr gevemnrenml activities in the statement of apfivttied
are difhserit be,ausc
Capital assets used m govemmental activities are riot
9,320,3]]_66
financial resouiun and. therefore. are not reported in the
funds
I brig term llabllities. Including bonds phyphly, are not duo
(6.497.927 01)
aid payable in the cvnent could and therefore are not
reporteet In the muds.
Internal se, funds are used by management to charge
43,924.91
0re costs of nianagcment information systems, fleet
employee fringe benefits, workmen's
N wmnagement,
pensstioo, and epulpment replacement to hldividual
thuds
Other long-term assets are not available to pay for Current-
(518,900.15)
period expenditures and, therefore are deferred In the
funds
Change In net assets of govemmental activities
$ 9,147,670.53
I 1 1 1 1 1 1 1 1 1 1 1 1 i 1 i 1 1 1
City of Cape Girardeau
Statement of Net Assets
Proprietary Funds
For the Year Ended June 30, 2005
Total
Gov. Aetwo,es
Proprietary
Internal Service
Sewer
Water
Solid Waste
Golf Course
Softball Complex
Funds
Funds
ASSETS
Current assets.
Cash and cash e0pfvalents
$ 125,639.64
S 63.88997
$ 62.249.94
$ 2,530.31
$ 3,414.51
$ 257,724-37
$ 158,266.47
Investments
1,904,895
13
1.,166,01684
1,139.822.54
46.635.36
63,00858
4.322,378.45
2,955,988.93
Utilities charges, net
344,953.09
652,856.13
245,283.75
-
-
1.243C92,97
-
Speclalassessments
164.722.25
4631].94
-
-
-
211,040.19
-
Other
1,249.88
5,02820
1,357.11
39.70
-
7,674.89
6,498.80
Interest
6009.28
3,625.]8
-
-
-
9,635.06
-
Goms.
6],2]4.10
194,50428
1,039.49
-
-
262.817.87
-
Inventory
-
217,67405
-
4.81950
6,01931
228.512.86
8,410.52
Prepaidltems
284.221.71
77,185.67
5,081.18
636.99
-
367,125.55
15445.25
Total Current assets
2,898.96508
2.429,098
86
1654,83401
54.661-86
72,442.40
6,910,002
21
3,144,609.97
Noncurrent assets:
Rest Cash and Cash
6.061,991.14
105.033.47
159.26
-
-
6,167,183.87
89.631.05
Rest lnvestrhents
125.664.32
2,99464100
2,903-33
-
-
3.123,2G8
65
-
Advancesteotherfunds
-
-
-
-
-
60,177.39
Land
135,869.35
-
112,239.55
-
-
248,10890
37,500.00
Buildmys
8,179,738.39
209,4]6.78
836,685.22
143.802.24
7,720.00
93]].42263
45]34].90
Equipment
2682,36084
1]4],52543
1,883487.31
46].784.13
121,003.98
6902161.69
4,5828]568
Other lmprovetteots
58,306,084.18
41,554,64364
326.13408
575.556.09
33,599,65
100,]96,017.64
118,516.00
ConsUuclion in progress
5.194,286
15
912.218.24
-
-
-
6,106,504.39
-
Accumulateddepreciation
(20,948
669
11)
(6.203,528
—741.320,009
82)
(2,201.311.83)
(774]48.39)
(12],494.68)
(30,255,752.83)
(3,428.213.31)
Total Noncurrent assets:
59,]3].32526
]4
960,296.92
412,394-07
34,828.95
102,464,854.94
1,91]83471
Total assets
$ 62636290.34
5 43.749.108
60
$ 2.415.130.93
$ 467,055.93
$ 107,271.35
$ 109.3]4,85].15
$ 5,062444.68
I 1 i 1 l i 1 1 1 1 1 1 1 1 1 1 1 1 1
City of Cape Girardeau
Statement of Net Assets
Proprietary Funds
For the Year Ended June 30, 2005
Business -type Activities - Enterprise Funds
Total
Gov. Activities
Proprietary
Internal Service
se"',
Water
Solid Waste Golf Course
Softball Complex
Funds
Fonds
LIABILITIES
Current liabilities_
Accounts payable
$ 303.569.96
5 448,62].09
$ 159,028.81 $
20,250.13
$ 36.17736
$ 96],65335
5 106,004.18
Salaries and benefits payahis
67.54945
253307
50.432.84
21.85].8]
26,492.4]
168,065.70
40,142.04
Inlerst payable
5401,422 19
139,553 93
2.10034
-
-
682076.46
2.074 63
Other liabil,oes
171,36898
168,88421
77,01009
4.294.90
-
421,558-09
50,073.32
Estimated claims payable
-
-
-
-
-
-
]10.00000
Duo to other g.vornmeno
1.30240
25.53240
-
-
-
26.834.80
-
Notes payable
-
-
-
-
-
-
87,446 29
Advances Iron, other funds
18,053 06
-
-
20.861.31
-
38,914.37
-
Revenue bends payable
2494,00000
810.000.00
3,304,00000
-
Specialobli,bondspayable
81.952.50
52,151.39
35,896.41
-
-
1]0,00030
65,000-00
Tula)CarrentO uffes.
3.6]8.21854
164],282.09
32446840
67,264.21
6266903
5,7]9,903.0]
1,060,740.46
Noncvnent liabilities'.
Advances fruit, other Nnds
2]0341_51
-
]50,000-00
312,394.63
190,000.00
1,522,736 14
-
Nevenucbondspayable
31,13281335
7,016,3]5.97
-
-
38 149,189 32
-
Specialobllybondspayable
369.43278
234,66689
162.659.92
-
-
]66,]5959
355,93265
Est landfill post closure cost
-
-
95.000.00
-
-
95.000.00
-
Total Nan current liabilities
31,772,58764
],251,042.86
1,067,65992
312,394.63
196,000.00
40,533,685-05
355,932.65
Total liahillee_a
35,450806.18
8.098,32495
1,332,12832
3]9,658.84
25266983
46,313,588.12
1416.6]3.11
NET ASSETS
Invested In capital assets, Per of related
20.304.32118
31,292,995 26
]63,278.61
412394.0]
34.828.95
52,80],018.0]
-
Restnctedfordebtserver,
-
1070,000.00
-
-
-
1,070.00000
Restricted let let depreciation and replacement
127 000 OC
820.00000
-
-
-
947,000.00
-
Rertdctedforemergencyfund
354,990.00
783,416.00
396,050.00
-
-
1,534,45600
-
lJnrestnded
6399,1]2-98
884,372.39
(76326-00)
(324.996-98)
(180,22]43)
6,]01994-96
3,645,77157
Total net assets
$ 27.185.484.16
_F34 ,850,]83.65
$ 1003.00261 $
8>.3W 09
$ )145.398.48)
3061 26903
$ 3645,]]15]
A..,la en,to 1l.,t0 c,..nolidatonof,feralsovc-
rind ac . is� sWIti
c eeerprse cars ne- as_
af0111115-typasct.i_
(108,633-11)
$ 62.952,635-92
I 1 1
I k i I I k 1 a
City of cape Girardeau
Statement of Revenues. Expenses, and Changes in Fund Net Assets
greenest, Funds
For the Year Ended June 30. 200.'
Total
Gov. Acli lies
Propnem,
Internal Service
Sews
Water
Solid Waste
Gelf Course
Softball Complex
Funds
Funds
Operating revenues
Residential cbarges
$ 1,538,28421
$ 2.96].87502
$ 1.783,60722
$ -
$ -
$
6,28976645
$ -
Cpmmercialcharyes
932739.10
2,047,65212
28,63426
-
-
3.006,925 on
-
Transfer slalionchor9es
-
-
643,9]5)9
-
-
643.9]579
-
Other feesand cbar9es
41.44844
82,967.90
)800].:]
-
-
203,223 51
-
Chargesforservices
-
1M.61281
-
-
1106,61201
-
Concessionrevenues
-
-
-
71 292 18
169
153,966.8]
-
E9uipmenlsales
-
-
-
8,61540
7.673.30
16,288.)0
-
Inlernalcharges
-
-
-
_
4457,77201
Usage fees
-
-
-
414.61710
6],456.13
402.073.33
Miscellaneous
18.73525
1541795
37.306.63
3.41780
4.949.86
79827 49
4,902.00
Total Operaling revenues
253120].00
5220525.80
2,5]023107
49)94250
162,75398
11,112.11113
4,462r 67401
Cperacng expenses
Personnel services
1,258,653.00
115,57576
1,041,22204
260,913.93
26073988
2,937.104.61
645,397,89
Materials & supplies
283.304.02
466,545.,62
90,]]3 71
53,6`4 gl
5077488
945.04333
2]5,41] 55
Cenlradual services
13],600.54
3.12440123
083,15959
3303].03
19294.16
4,197,580.55
2,90],978.52
IJ General operating expenses
38.15631
178,0312]
40222 ]1
51
61,128.15
3]1,636.17
46606.39
J
Special programs
18,89022
4673143
)43]650
).164.05
)34]28
154,50948
-
Intematgronsceeepenses
100,46923
43,4]3.64
159.13484
61414,43
21,66732
306,15946
2.322-00
Oepreolafion
1,712,170.59
1226,976.15
142.648.77
6549708
6.25070
3.153,48329
478,55645
Total option., expenses
8549,33151
5,20173530
2,43153816
535.70915
42).2023]
12,145 516 89
4,356,2]886
Operation Income (loss)
(1 018,124
18,79050
138,69291
(37766.5))
(254440.39)
11,162856. 46)
106,39521
Nonoperaling ellsou—
ber9overnmenlalu
67,274.10
194,50428
].605.56
-
2693B3.94
-
Investmentrevenue
250,095.54
133,696 Cl
32.099.46
13"74
6]1.16
41]906.91
78,001
Gain from sale of asset
7635.00
12,940.00
-
-
-
20575 00
12,000,00
Interest and other charges
(864,49632)
(521.97009)
(7,790.37)
(1],655.60)
(5,485.13)
(1,437,39831)
(1f,42640)
Issuance coal amortization
(5528162)
(16.88158)
(1,743.08)
-
(73.88628)
(814.12)
Loss ['am to of asset
-
-
(2,01151)
(expanses)
(594,773.30)
(197692.18)
10,17157
(16.31086
- )
(4,814 W)
(00841874)
705-5504
reserve (loss) Fetors c rrubWiona and transfers
(1612.89821
(1]8,901.68)
148,86448
151,07743
(269,262.36;
(1,966,2]5.207
176,95025
C.Wl,buled capital - connect fee
195,740-00
-
-
-
195,741100
-
Contributed capital - governpors
1]57.20200
243,34728
,993,55428
-
Contributedcapital -government
17.782)5
1352,30087
-
-
-
1079,463.62Con
pile) - grams
-
16053032
-
-
-
164696,62
-
Transfers
Translersln
rs in
2037.8839]
12000000
-
23,34891
265.3]5.]8
2,946,608.66
-
Tansfers out
-
(142,F27)
Change mnet assets
2498,01561
1,69],36279
148,86448
(30728 521
(3,flR658)
4309.82768
34.544P5
Total net assets beginning
24,68672413
33.166.378-99
934.13813
11012561
(141,511.90)
58]63,85496
3,61122082
Poor period adjustment
74452
(12,95813)
(12P213 61)
Total net assets -ending
$ 7.185.484.16
$ 34,850,783.65
$ 1083.002.61
$ 0]397.09
1$ 145,39848)
$
63061,269.03
$ 3,6457]157
AO)usbnan6 to reflectIn, consolidation of mount service fund activities related to enlerpfise fundsov�.
19.38216)
Change In net assets of businesstypeactivities.
g
4300,245.52
I 1 1 1 1 1 1 1 f 1 i 1 1 1 1 i i 1 1
City of Cape Girardeau
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2005
Business -type Activities - Enterprise Funds
Government
Total
Activities
Softball
Proprietary
Informal
Service
Sewer
Water
Solid Waste
Gulf Course
Complex
Funds
Funds
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from custOm65
52,51279978
5 5325 96630
5
2519,381.19
5 49],101.03
s 159,30898
5 11,01455728
95394.19
Receipts forml,tOAund services
2.52000
-
26,53426
-
-
29,05426
4,363.21848
Other receipts
3,56372
-
2,02200
137900
6,96472
4,902.00
Payments to suppliers
1442.840.2])
13460,202-021
('O4648993)
(13f 186
(120.517231
15.212,534 37)
(3,175,851.601
Payments for snares and beneftl3
It 238,21598)
(113.559161
(1.031,87BA5)
(281,761.65)
(251,959.04)
(2897.37428)
(635.63835)
Paym9nis for intedund services used
(818'423)
(43473
64f
(159,134.04)
(70.630.11)
(26.209.0])
(383.26279)
13,040001
Payme nes made In lieu of franchise taxes
-
(12903640)
-
-
-
(129.03648)
-
Remittams¢ of taxes wheated from Customers
(15,44166)
(160,96556)
-
-
-
(la4.40722)
-
q Net Cash provided (used) by Operating activities
737.007.64
1,414,29316
300.41333
3224525
(247,990.26)
2243951 12
540,984]2
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Transfers from other funds
-
120.000.CO
2a, 348.91
264959.36
400.30827
-
Transferstoctherfunds
-
-
-
_
-
_
it14,17500)
Interestart to ether funds
0
-
-
12',322
09)
-
(6.4851})
126,007 221
(20.44)
Subsidy from federal grant
-
-
6,56607
-
-
6.58907
-
Net cash (used) by noncapital financing
120F0. 00
(14
756
2334691
259,47423308,067.12
(11 4195
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Proceeds from Capital debt
-
-
-
417407.50
Capital Contrbu6one
390,10571
10.722.66
5,210.25
-
406,118.62
-
Earnest money received on sale of capital asset
-
-
-
-
50,00n
00
PmChase of capital assets
(70,87179)
(294,77957)
(171,442941
(23,028 12)
(2 77900)
(562,90112)
(263,80054
Aceuisition and consiruCllen o(rapilal assets
(1,714710.031
(142,082
281
48,8t5
00
(1 965,647
-
PdncipalpaidonCEpibldebt
(1,818.13774)
(775,617.531
(34,840.64)
(17,65560)
-
(2646,251.51)
(387,695.16)
Interest paid on postal debt
(660,30831)
(474,516
49)
(0.923-96)
(19,868.101
-
(1,053,602.86)
(18,744-68)
Proceeds from sales of hapltel assets
7,635.00
12,94000
-
-
-
20,57500
12,000-00
Transfers In for payment of Capital related debt
2,037.883.97
-
-
-
2 037083 97
Transfers out `or payment of capital related debt
-
-
-
(20.2]2.50)
Net cash (used) by capital and related mapping
activities
(1 ]BB.J21.19)
(1063.333.21)
1258,85229
(60,539.82)
(277900)
3,713,015.511
(219.06538)
1 1 1 1 1 1 1 1 1 1 1 1 I It i I 1 1 i
City of Cape Girardeau
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2005
Business -type Activities - Enterprise Funds
Government
Total
Activities
Softball
Proprietary
Internal Service
Sewer
Water
Solid Waste
Golf Course
Complex
Funds
Funds
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
2]].62284
120/2248
34,24].20
1,439.86
]1654
442,948.92
78.35360
Payment of rebstabl6 interest to government
(5.866.94)
-
-
-
(5866 94)
Net change inpooledinvestmen6
503,048.16
135,5396oi
06.1]380)
2.66951
(9-29786)
385,50641
(338,980]6
Repayments received on advances to other funds
-
-
-
_
2],931 83
Net Cash provided by Investing activities
77560406
93382.80
[ni 926
60)
!_1099]
(0.581 32)
822.588.39
(232696.33(
Net Increase (decrease) In Cash and cash
9euivalenis
(2]5.]09 a9)
(35,65].17)
(].1215a)
(886.29)
11565
(319 any
03,02857
Balances- beginning Ofyear
fi,463,34027
204,580.61
69.530]0
3366.60
3298.86
6]a4.11712
164868-B5
N
Balances end Of the year
5 6181,630 ]tl
5 160.923.44
5 62,409.20
S 253031
5 3,n14.51
5 8A24-90824
8 247 897 52
Reconciliation of operating income (loss) to net cash
provided (used)
by operating
activities:
Operating income foss)
(1018.124911
18,7905C
13669291
(3]]66-52
(264,44839)
(1,162,856-'e
106,39521
Adjustments to reconcile operating income to net
cash provided (used) by operating activities.
Depreriallnn Expense
1]12.1]0.59
1,2269]6.15
142648.]]
65.437-08
6.250.]0
315.,48329
478,55545
Changes In assets and LiebllWes
Accounts Payable - supplier
18,781-96
164]69.61
21.081_10
4,28s In
674664
217,663.1'
43,26560
Accounts payableOther2,84665
8,778.29
is 095
'.08695
(2.06600)
4.550.81
-
Salades& benefits payable
20,43702
2,016.W
9.343.59
(84].]2)
8 780 8a
39.]3033
9,]59.54
Customer receivables
(4749.69)
(2620394)
(5.033.49)
93.50
-
(35.90382)
840.66
Other operating receivables
-
3,56372
-
24200
18500
3.99072
2292.1]
Prepaid expense,
564602
7323
7,785.53
49267
572.26
'.4,56971
60590
Inventory
-
1552900
776 76)
(601931)
873293
].26919
Net cash provided by operating activities
S ]3700764
g 1,41429316
7 308.41333
S 3224525
t$ 247.99826)
$ 2213,961.12
5 646,964]2
1 f I 1 l 1 t 1 t 1 Y f f 1 i i i 1 1
City of Cape Girardeau
Statement of Net Assets
Fiduciary Funds
For the Year Ended June 30, 2005
Agency
Funds
ASSETS
Cash and msh equivalents
$
50.874.45
Investments
915.218.35
Real estate taxes
11,929 35
Personal property taxes
3,488.57
Other
33.95
Total assets
$
981,544.87
LIABILITIES
w Accounts payable
$
18.292.91
Cs Salaries and benefits payable
9,575.83
Ober habilifies
953 675.93
Total Liabilities
$
981,544.67
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE A - SUNIMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of Cape Girardeau, Missouri (the City) operates under a charter, which went into effect April 12,
1982. The City operates under a Council -Manager form of government and provides the following services as
authorized by its charter: public safety (police and fire), highways and streets, water, sanitation, health and
social services, culture -recreation, public improvement, planning and zoning and general administrative
services
The financial statements of the City have been prepared in conformity with generally accepted accounting
principles (GAAP), as applied to government units. ']'he Governmental Accounting Standards Board (GASB)
is the accepted standard-setting body for establishing governmental accounting and financial reporting
principles. The more significant accounting policies of the City are described below.
I. Reporting Entity
In evaluating how to define the City, for financial reporting purposes, management has considered all potential
component units Generally, component units are legally separate organizations for which the elected officials
ofthe Cilyarefnancially accountable_ The Cape Girardeau(Missouri) Public Facilities Authority (CGPFA)is
a blended component unit oftire City. For the year ended June 30, 2005, the CGPFA had no assets, liabilities,
revenues, or expenses.
Although not a component unit of the City, the Cily handles the funds of and provides accounting and other
services for several entities. Since these funds are held by the City, these entities are shown as Agency Funds
in the financial statements
2. Government -wide and fund financial statements
The government -wide financial statements (ie., the statement of net assets and the statement of activities)
report infornnation on all of the nonfiduciary activities of the primary government and its component units. The
effect of interfund activity has been removed from these statements Gave nmenial acovine.y which normally
are supported by taxes and intcrgoverm enml revenues, are reported separately from business -type octPoi/ies,
which rely to a significant extent on fees and charges for support_
The statement of activities demonstrates the degree to which the direct expenses of a given function or
segment are offset by program revenues_ Direct expenses are those that are clearly identifiable with a specific
function or segment. Program ierenues include I) charges to customers or applicants who purchase, use, or
directly benefit from goods_ services, or privileges provided by a given function or segment and 2) grants and
contributions that are restricted to meeting the operational or capital requirements ofa particular function or
segment. Taxes and other items not properly included among program revenues are reported instead as
general rel eaues.
31
City of Cape Girardeau, Mi550u11
NOTES TO BASIC FINANCIAL STATMENTS
June 30, 2005
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
2. Government -wide and fund financial stntemepis
Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds,
even though the latter are excluded from the government -wide financial statements- Major individual
governmental fiords and major individual enterprise funds are reported as separate columns in the fund
financial statements.
3. Measurement focus basis of accounting and Financial statement presentation
The government -wide financial statements are reported using the economic wesovucesntt>asnrenvenlfocrls and
the m,? tor? basic of accounting. as are the proprietary fund financial siatcments. Revenues are recorded when
car tie.d and expenses are recorded when a liability is incurred, regardless of the tuning of related cash Flows.
Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the
provider have been mcg. With the economic resources measurement focus, all assets and liabilities associated
with operations are reflected in the statement of net assets.
Govcrnmenial fund financial statements are reported using; the onrrentfincinrinZresn+vec.rmesxnlremen[focna
and tl'ie modified nccnlal bttsrs gfaccwluling. Under the modified accrual basis, revenues are recognized as
soon as they are both measurable and available_ Revenues are considered to be availably when they are
collectible within the current period or soon enough thercalier to pay liabilities of the current period. For this
purpose, the City considers revenues to be available if they are collected within 30 days of the end of the
current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual
accounting. 1 lowever, debt service expenditures, as well as expenditures related to compensated absences and
claims and jdanents, are recorded only when payment scull "Those revenues susceptible to accrual are
property taxes, franchise taxes, special assessments, licenscs, interest revenue and charges for services. Sales
taxes collected and held by The state at year-end on behalf of the City also are recognized as revenue. Fines
and permit revenues are not susceptible to accaual because, generally, thev are not measurable untilreceived in
.., cash. With the current financial resources measurement focus, only current assets and current liabilities are
generally included on The balance sheet.
'The City reports the followtng major governmental funds:
Tlie ,Ceoend hard is the Citv's primary operaliug fund. It accounts for all financial resources of the
general government, except those required to he accounted for in another fund.
T heailpnrl froIcl accounts for the resources used in the operation and mamtenanceof municipal airport
facilities.
'Ihe parks and secI canon, fluid accounts for the resources used in the operation of park and recreational
activities
"Tile public six feo n um Jima accounts for the receipt and expenditure aft fire sales tax that was approved
J,y voters for public safety operating and capital expenditures_
The 11rnmpurtatiVn vlle.s tux oft v 1/ /1111,1 accounts for the receipt and expenditure of a capital
Improvement sales tax that was approved by voters for street construction and improvements.
32
City of Cape Girardeau, Missouri
NO YES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
3. Measurement focus, basis of accountine and financial statement presentation - Continued
The deht service find accounts for the resources accumulated and payments made for principal and
interest on long-term debt of governmental funds.
The general capital miln'ovements fund accounts for major capital improvement projects involving
general public facilities.
The City reports the following major proprietary fiords.
Thesene fund accounts for the operation ofthe City's sewage treatment plant, sewage pumping stations
and collection systems.
The ueue' fund accounts for the operation of -the City's water treatment plants and distribution systems.
fhe solid trove find accounts for the operation of the City's residential solid waste and recycling
programs.
The gulf fiutd accounts for the operation of the municipal golf course.
The softball conrplex,fnnl accounts for the operation of the City's softball complex, and maintenance of
the City's soccer, baseball, and softball fields -
Additionally, the City reports- the following fund types.
/nternal.service fundi account for data processing, fleet management, employee benefits, workmen's
compensation, and equipment leasing provided to other departments or agencies of the City, on a cost
I eimbursement basis-
"' Agency finds account for the operations of the library, arena improvement committee. and parks
development foundation.
Private -sector standards of accountingand financial reporting issued prior to December I, 1989, generally are
followed in both the government -wide and proprietary find financial statements to the extent that those
standards do not conflict with or contradict guidance of the Governmental Accounting Standards Board_
Governments also have the option of following subsequent private -sector guidance for their business -type
activities and enterprise funds, subject to this same limitation. 'fhe City has elected not to follow subsequent
private -sector guidance.
As a general rile the effect of interfund activity has been eliminated hour the government -wide financial
statements. Exceptions to this general rule are payments -in -lieu oftaxes and other charges between theCity's
.. enterprise function and various other functions ofthe goveaunen[. Elimination ofthese charges would distort
the direct costs and program revenues reported for the various functions concerned.
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES — Continued
3. Measurement focus, basis of accounting and financial statement presen(alion - Continued
Amounts reported as program revenues include 1) charges to customers or applicants for goods, services, or
privileges provided, 2) operating grants and contributions, and 3) capital grants and contributions, including
special assessments. Internally dedicated resources are reported as general revemees rather than as program
revenues. Likewise, general revenues include all taxes.
Proprietary funds distinguish opetaling revenues and expenses from nonoperaifng items. Operating revenues
and expenses generally result from providing services and producing and delivering goods in connection with a
proprietary fund's principal ongoing operations. The principal operating revenues of the City's enterprise
funds, and of the City's internal service funds are charges to customers for sales and services. Operating
expenses for enterprise funds and internal service funds include the cost of sales and services, administrative
expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported
as nonoperating revenues and expenses.
4. Capital Assets
All capital assets with an original cost exceeding .$ 1,000 are recorded at historical cost or estimated historical
cost ifactual historical cost isnot available. Additions are recorded at cost or, iCcontributed property, at their
estimated fair value at time of contribution. Repairs- and maintenance are recorded as expenses, renewals and
betterments are capitalized. The sale or disposal of capital assets is recorded by removing cost and
accumulated depreciation and charging the resulting gain or Toss to income
Depreciationof all exhaustible capital assets is charged as an expense against operations- in proprietary funds
and a program cost of governmental activities in the statement of activities. Assets are reported net of
depreciation on proprietary fund and government -wide statement of net assets. Depreciation has been
provided over the estimated useful 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
When applicable, interest costs are capitalized on self -constructed capital assets.
5. Encumbrances
Encumbrances represent commitments related to unperformed contracts for goods or services. Encumbrance
accounting is utilized in all funds. Encumbrances outstanding at the end of the year in the governmental funds
are reported as reservations of fund balances and do not constitute expenditures or liabilities because the
commitments will be carried forward and honored during the subsequent year. Encumbrances outstanding in
-. the proprietary funds do not constitute expenses but will be honored in the subsequent year No reservations
of net assets are made for encumbrances outstanding at the end of the year on the proprietary fund and
cimcin hent -wide statement of net assets_
3;l
City of Cape Girardeau, Missouri
NOTES '10 BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES — Continued
6. Budeets and BudeetarY Accounting
'I he City adopts annual operating budgets for all funds.
The City follows these procedures in establishing the budgetary data reflected in the financial statements.
1. The City Manager submits to the City Council a proposed operating budget for the fiscal year the
following July L The operating budget includes proposed expenditures and the means of financing
them
2. Public hearings are conducted to obtain taxpayer comments.
3_ Prior to July I, the budget is legally enacted through passage of an ordinance.
.. 4. The City Manager is authorized to transfer budgeted amounts between programs within any
department, however, any revisions that alter the total appropriations of any department must be
approved by the City Council. Deparlmenls may not legally exceed their appropriations without
approval Gonr the City Council. Appropriations expire at the end of the year, however,
outstanding encumbrances at the end of the year are honored by the City.
5_ Formal budgetary integration is employed as a management control device during the
year for all funds.
G. Budgets Cor all funds are adopted on a budgetary basis.
7. If, during the fiscal year, the City ',tanager certifies there are additional revenues to appropriate,
unencumbered appropriation balances within a department, or there is an emergency situation, the
City Council may amend the initial budget by ordinance_ The initial budget was adopted by the
City Council on June 21, 2004 and amended on September 7, 2004, November I, 2004, December
20, 2004, July 5, 2005 and August 15, 2005. 'fhe initial budget and final amended budget are both
reflected in the financial statements
For the year ended June 30, 2005 the fund expenditures for Vision 2000, Transportation Sales Tax Trust 1,
Debt Seivice, General Capital improvements, Corp Flood Control Project, and Capital Improvement Sales
Tax -Nater System Improvements funds exceeded their approved budgets by $741, $19,124, $19,977,
$102,923, 1108,442, and $46,010, respectively.
'fhe Statement of Revenues. Expenditures, and Changcs in Fund Balances -Governmental Funds reports
revenues and expenditures oft the modified accrual basis of accounting in accordance with GAAP. The
Statements of Revenues, Fxpenditurex. and Changes in Fund Balances -Budget and Actual (Budget Basis) for
+ all governmental fund types is prepared on a budgetary basis which includes encumbrances as expenditures.
;i
The indisidual proprietary fund schedules of comparing budget to actual is reported on a budgetary basis that
uses the modified accrual basis of accounting with the exception of encumbrances. Encumbrances are reported
as expenses in the year of encumbrance.
3G
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES—Continued
G. Budgets
and Budgetary Accountin¢ - Continued
The following
reconciliation
adjusts GAAP basis to budget basis.
rzeess Oclicienc3) d Recenuee end (hher
Financing S,au(ucdc,)n"Pcndie,ms and
Othc Firmin l's_,
P+nk.:md lrensponxtion Pohllc Safct
Ucht
6c—al
Von-mjor
6aieral
A., R'.rzarnn 1.. 11 hru4
Senl_
Ca,talhap
Pends
r
(;.�%pBeds
5201,163
1, 1N0,732) $3.195 S2,781,216 $5,419,61]
IS 19")
S(9,401)
5(1,936,605)
Inc ,doom
vcar<ne en.nnbronrea
Adi-mirrat-xnv—
7,397
29550
UeeNepmenI ........
3,189
Nrks end recreation
1,191,
2364-
l'ubl.,&dci,
22,991
- _ _ -
-
_
3A 14
1'061.11''Tk,
6.484
Capital uul lac
12N Q6
817610
watcrm,Pro en.Fn„a
nt hndNered annnau.
ao
eRn,n mhcrfnndn
34,039
cA-a—hra2xnnemao nmrkcl
N111-1
3,]]4
149 209 14.115 534
46i
112
r
Pnu,mhrance «vc-�tuc
425)9
- - -
819
I12,528
SMS
1808A]
125252
2 98 _ 2593 142541 511
463
_936
2044159
n.......e duem
t canal mmombtznu1s
admrrr,imtnc sal«n
5,413
10,425
Daclupmad rcrrkea
4 1-11
- _ _
_
-
1,319
Talkscad --l-,
tiff
- 4,942
+
Pubm,6alan
4&I73
- - -
-
485
Public .corks
85993-
Gpital oull-
- 52) 2119 699,692
862
590.92
.Adiad-Relslnmmrid
27,932
Wluq uawt to markcl
31'
- - - 979
D,o1cdSRI Irlcrost Snh4d.
_ _
-
-
17.65)
38X60 4942 82321"9 ..900491
S62
597,926
Rod,Banin
%148,762
5(1 91394) x_901, 521110598 55,279,680 i(47,72-4
_fi�j2)
5(490,392)
The indisidual proprietary fund schedules of comparing budget to actual is reported on a budgetary basis that
uses the modified accrual basis of accounting with the exception of encumbrances. Encumbrances are reported
as expenses in the year of encumbrance.
3G
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STA"IEMENTS
June 30, 2005
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
6. BudEets and Budeelary AccountinE - Continued
Hud�el ltasiz
Piet Inco}>,e Loss
GAdP Ilasis
Solid
incmnse due Irr
Sollhall
Yrit rcnv-umbranws:
a
Operadnp cvpcnscs
Coyrpc
Gtpilal Oulla}s
S 2,498,016
llcptc.dalion
5148,864
Special asscvsmcnL
S (3,887)
Interest pofd ICssthan nccrucd
26646
IntOl't C05 t:1i,.00hGCd
312
Cost of bond relimdin, am..tt,,tio I
914,035
Amona,d hnnd premiutvcllecount
111LItItIlIo 1ISIt amotliIaGon
-
Amountsd et 1 Io he used Ibr timtrn debt
1,226,976
sc,n 'apical :yrptwlation bonds:
cntu1Is0u1ti0n
65p37
fund cannnP.
r
1,,tj lhtancc t,1M,d omni,,
-
Adp,t In.csonews u, maiko
-
I)ecox.w duC Ii,
_
Ycetclld,ncumbt,tnccs
op,nafwg czpenaes
73p617
C apidl outlmc
-
I andtill clrvsu rc and
inhuCnauce C(IS ta
S6d13
Intel UI yaSd wore Wan ocenI II
-
Bond principrvl pid
At., hood I 1 dpnnu um dfscuunt
-
Capital ou11UI I
Amount &Idled 1111 ILmre debt
16,862
sen e, inn capital
-
intion bonds:
appt( .
51246
Intcrost snhsidr rcccncd_
Ad)u,amrnt to Ilehilltc for
Gnwc landfill pu9do>u11
i
moinlcnancc ensu
D,I,,Sd rccau¢s
4131
CnniributcJ capitol
2,14,
Hud�el ltasiz
Piet Inco}>,e Loss
232. 39
- 8Jf52
844 25,589 3910 - -
_ 7511_11', 1=56.2(14 _
7291851 3.19=229 366,79 ,1 4-j 66 3112
S—(676,231) S(101,8,0) 5(69,8581 5 (119511 S 277
37
Solid
Golf
Sollhall
Seder
Wool
W'Ic
Coyrpc
C.""des
S 2,498,016
$1697.363
5148,864
S (30,729)
S (3,887)
9.839
26646
504
312
999
914,035
5,464
-
-
1.712,171
1,226,976
142.649
65p37
6251
52.651
10,723
-
-
-
201,193
_
73p617
-
-
1-163
S6d13
1,1131
-
-
852('
-
55282
16,862
1,743
-
-
51246
-
340.291
44 886
4131
X530]
2,14,
__4_077,601
1 192 966
_ _ 11.0.1172
658-h
_ -1,276
IN 995
4,466
13.667
692
333
835.315
91.186
78bIS
-
2,948
-
-
1-,484
261
-
2.a44,725
771619
31,941
19,856
-
1,622
-
3,225
-
-
1,962,01 1
531 622
221 213
26529
2,779
232. 39
- 8Jf52
844 25,589 3910 - -
_ 7511_11', 1=56.2(14 _
7291851 3.19=229 366,79 ,1 4-j 66 3112
S—(676,231) S(101,8,0) 5(69,8581 5 (119511 S 277
37
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES — Continued
6. Budgets and Budgetary Accounting - Continued
Nel Income (Loss)
RA Iquteiiiem
Pn+cer� �A1ona� I'rinuc llonaeanml Renlacemm�t
GAAP Basis $ 2,318 $ (63,392) $ 167,874 $1186,294) 5114,037
Increase due to.
Prior year encumbrances
Operating expenses 4'15 309 - - -
Capital outlays 4,100 2,140 - - -
Depreciation 118,354 37.653 - - 322,549
Bond proceeds - - - - 420,865
Issuance cost amortization - - - - (4,323)
Amortized bond prcmitmitdiscount - - - - 68
Adjust investments to market 11 257 546 3,6s7 1,703
Difference bet,cen proceeds hour
sale of fixed assets and gain or loss - 2,012 - - -
Repacmenlofititer fundloaas _.- - - - 27932
123.230 _ 42 171 _ 546 _. 3,657 768 79.4
Decrease due to
Year-end encumbrances
Operating expenses 2511 59,641 - - -
Capital outlays - 1,480 - - 7,700
Interest paid more than accrued - 1 - - 637
Principal paid - - - - 387.695
Capital outlays 113082 17,839 _ —)07,04
143 312. 7S,96 503,077
Budget Basis S (17,784) $.(99,982) $ 1($420 $S182,637) $379,754
+ 7. Inventories
Inventories consist primarily of supplies, valued at cost. The cost ofinventories is recorded as expenditures or
expenses when consumed rather than when purchased.
R. Compensated Absences
Vested or accumulated vacation pa}for proprietary funds is recorded as an expense and liability of diose funds
as thebenefits accrue to employees. Amounts of -Nested or accumulated vacation leave of governmental funds
Me reported in the Statement of Net Assets. Linployees may accunmlate up to 30 days vacation, for which
they are compensated upon termination or retirement. Employees are not compensated for accumulated sick
leave upon termination or retirement.
0
18
City of Cape Girardeau, Missouri
NOTES '10 BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES— Continued
9. Bond Premiums, Discounts, and Issuance Costs
In governmental Rind types, bond discounts and issuance costs are recognized in the current period. Bond
discounts and issuance costs for proprietary fund types are deferred and amortized over the term of the bonds.
Bond premiums and discounts are presented as either increases or reductions of the face amount of bonds
payable whereas issuance costs are recorded as deferred charges. The accounting treatment of bond
premiums, discounts and issuance costs used for governmental activities in the government -wide statements is
the same as that used for proprietary funds.
10. Cash and Investments
'fhe City maintains an internal investment pool for the majority of its non -restricted cash and investments and
small portion of its restricted cash and investments. Investment revenue is allocated to each fund based on its
average equity balance in the pool_
Cash includes amounts in repurchase agreements and other short-term investments with a maturity date within
three months of the date of purchase.
Investments, with a ntzwrity date of one year or more at the time of purchase, are recorded at fair value. All
other cash and investments are recorded at cost or amortized cost.
11. Prepaid Items
Payments made to vendors for services that will benefit periods beyond June 30, 2005 are recorded as prepaid
items
12. Restricted Assets
Certain proceeds of enterprise fund revenue bonds, as well as certain resources set aside for the repayment of
" such bonds, are classified as restricted assets on the balance sheet because their use is limited by applicable
bond covenants. The "revenue bond_ construction" account is used to report those proceeds of revenue bond
issuances that are restricted for use in construction. The "revenue bond current debt service" account is used
to report resources set aside to make up potential future deficiencies in the revenue bond current debt service
account
39
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
13. Lona -terra Obligations
Only that portion of long-term obligations expected to be financed from 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 are accounted for in the appropriate proprietary fund. Long-term liabilities
expected to be financed from governmental activities are accounted for in the government -wide statement of
net assets.
14. Interfund Transactions
Quasi -external transactions are accounted for as revenues, expenditures or expenses. Transactions that
constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly
applicable to another fund, are recorded as expenditures/expenses in the reimbursing fund and as reductions of
expenditures/expenses in the fund that is reimbursed.
All other interfund transactions, except quasi -external transactions and reimbursements, are reported as
transfers. Only net transfers between governmental and business -type activities are reflected on the
government -wide statement of activities.
15. Short-term Interf urd Receivables/Payables
During the course of operations, numerous transactions occur between individual funds for goods provided or
services rendered. These receivables and payables are classified as "interfund receivables/payables" on the
governmental balance sheet and proprietary statement of net assets. Only net receivables between
governmental and business -type activities are reflected as internal balances on the government-widestatement
of net assets.
16. Advances to Other Funds
Noncurrent portions of long-term interfund loan receivables and payables are reported as advances in the
governmental balance sheet and proprietary statement of net assets. Fund balances are reserved in
governmental balance sheet for interfund loan receivables to indicate that they do not constitute expendable
available financial resources and therefore are not available for appropriation. Only net Long-term interfund
loans between governmental and business -type activities are reflected as internal balances on the government-
wide statement of net assets. Net assets are not reserved for interfund loan receivables on proprietary and
government -wide statements of net assets
40
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL. STATEMENTS
June 30, 2005
NOTE A - SUMNIARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
17. Post-Emolovment Health Care Benefits
In addition to the pension benefits described in Note G, it is the City's policy to provide postretirement health
care benefits to employees who retire from the City with five or more years of service and who are eligible for
LAGF,RS retirement (Note G). Currently, forty-four employees meet those eligibility requirements. TheCity
provides health care coverage for them until age 65. The cost of retirees' healthcare benefits is recognized as
an expenditure as premiums are paid. For the year ending June 30, 2005, those costs totaled $195,118
COBRA Benefits - Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), theCity provides
health care benefits to eligible fennel employees and eligible dependents. Certain requirements are outlined by
the federal government for this coverages The prcmiunm 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 Cora duration of 18 montlms
after the termination date_ There is no associated cost to the City under this program, and there was one
participant in the program as ofJune 30, 2005_
18. infrastructure
During the year ended June 30, 2005 all infrastructures completed during the fiscal year, including projects
started in a previous year, were recorded at their historical costs. All infrastructure completed in previous
fiscal years will be recorded no later than fiscal year ending June 30, 2007_
51
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STA'T'EMENTS
June 30, 2005
NOTE B - DEPOSITS AND INVESTMENTS
'The City maintains a cash and temporary cash investment pool that is available for use by all funds. Each
fund type's for of this pool is displayed on the combined statement of assets, liabilities and fund
balances arising from cash transactions as "Cash and Cash Equivalents" under each fund's caption. The
deposits and investments held at June 30, 2005, and reported at fair value, are as follows
Deposits:
$ 9,671,995
Demand Deposits
$ 870,030
Interest Bearing Deposit Accounts
8 846601
"Total Deposits
$_9,7_16 631
Investments:
_ 6 238
Negotiable Instruments
$21,825,449
Federal Home Loan Bank
10,305,824
Federal National Mortgage Association
3,223,138
Federal Home Loan Mortgage Corporation
492,010
US Treasury Note
_ 247,543
Total Investments
$36,0939(A
'Dotal Deposits and Investments
$45,810,595
Reconciliation to Statement of Net Assets
Cash and Cash Equivalents
$ 9,671,995
Invesnncm s
35,178,740
Agency Fund Cash
50,874
Agency Fund Investments
915,218
Cash on Hand
_ 6 238
$45,810,595
As of June 30, 2005, the City had the following investments.
Investnteut Maturities Fair Value
Negotiable Instruments 06/30/2010 $21,825,449
Federal Home Loan Bank 12/30/2009 10,305,824
Federal National Mortgage Ass. 06/29/2007 3,223,138
Federal Home Loan Mortgage Corp_ 01/30/2007 492,010
US Treasury Note 11/[5/2006 247,543
Total $36,093,964
Custodial Credit JBsk.
Deposits in financial institutions, reported as components of cash, cash equivalents, and investments, hada
bank balance of 59,621,986 at June 30, 2005, that was frilly insured by depository insurance or secured
with collateral held by the City's agents in its name. All investments, evidenced b_p individual securities,
are rceistered in the name of the City
42
Investment Interest Rate Risk
The City's investment policy does not address investment maturities as a means of managing its exposure
to fair value losses arising from increasing interest rates. Maturities of investments held at June 30, 2005
are provided above-
' Investment Credit Risk
The City has au investment policy that limits its investment choices as follows.
a. Direct obligations of the U.S- Government, its agencies and instrumentalities to which the
full faith and credit of the U.S. Government is pledged, or obligations to the payment of
which the full faith and credit of the State is pledged,
h. Certificates of deposit m savings accounts that are either insured or secured with
acceptable collateral with in-state financial institutions, and filly insured certificates of
deposit or savings accounts in out-of-state financial institutions,
c. Repurchase agreements collateralized by securities listed in (a.) above, documented by a
written agreement, fully collateralized by delivery to an independent third party custodian,
and are marked -to -market_
d. Money market mutual funds whose portfolio consists of the foregoing instruments, and,
e Other pnudent investment instruments approved prior to purchase by a two-thirds majority
of the City Council. Bond proceeds may be invested as allowed in the bond indenture.
Concentration of Investment Credit Risk
'I he City places no limit on the amount it may invest in any one issuer. At June 30, 2005, lire City had no
concentration of credit risk.
43
'
City of Cape Girardeau, Missouri
NOTES l'O BASK FINANCIAL STATEMENTS
June 30, 2005
NOTE C - PROPERTY TAXES
r
Property taxes attach as an enforceable lien on property as of January 1. Taxes were levied
on August 16,
2004, for collection during this fiscal year and were due on or before December 31
Most of the taxes are
collected in November and December. The tax rates assessed at the time were as follows.
General Revenue $ .3135/100.00 assessed valuation
Public Ilealth assessed valuation
.0587/100.00
Special Business District .7576/100.00 assessed valuation
#2 (Ad Valorcm)
Property tax receivable balances as of June 30, 2005 are as follows.
Special
General Business Public Debt
Revenue District Ilealth Service Total
.�
Current property tax $27,686 $1,378 $ 5,184 $ - $34,248
Delinquent property tax 11,816 296 2,212 3,769 18,093
Reserve for doubtful
Property taxes (8,293 _ - (1,554)--LI-74 1)l( 1588)
N et properly tax receivable $31,209 $1,674 $ 5,842 $ 2,028 $_40,753
NOTE I) - CHANGES IN CAPIPAL ASSETS
A summary of the capital assets forgovemmental activities included on the government -wide
statement ofnet
'
activity for the year ended June 30, 2005 is as follows.
Hal
13911uce
hila 1,20u -i Addiliu_ns Deducllons Dcura;intion
]unc_30 200=
1 "ld $ 401 S,023 $ 471 362 S - S -
$ J J89.685
RuiWines ? 322,994 3,410) 14 434,464
10,328,554
Im1IIny anonls o�hcr
then buildings 3J2G,29J 3,637,387 - 368,112
6997354
F:yuipurent 2339,660 1,006,00 256,944 414.86
2,873.990
'�
6dr.strucau c 17,02h,0402 2,003.530 - ('19,99b
12009536
Consim bion in progres _ 838950 L 07338 y36.199 _ __
2,678.089
1'olmgll"al l iecd a:..r $35,4'185$ $1363(3100 $_6)3,143 $1,83 607
$46,577308
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE D - CHANGES IN CAPITAL ASSETS - Continued
Additions and deletions to the Enterprise Funds for the fiscal year 2005 were $7,078,113 and $795,935
respectively_ Additions and deletions to the Internal Service Funds were $285,962 and $113,714 respectively.
A summary ofthe proprietary fund type capital assets included on the proprietary fund statement of net assets
for the year ended June 30, 2005 is as follows.
Enterprise Internal
Fund Service Fund
Land $ 248,109 $ 37,500
Buildings 9,377,423 457,348
Improvements other than building 100,796,017 118,516
Equipment 6,902,162 4,582,876
CO11SULIC0011 in progress 6,106 504 -
$123,430,215 $5,196,240
Lessaccumulated depreciation 3U55,753 3 428 214
,+ $ 93,174,462 $1,768,026
Depreciation expense was charged to functions as follows in the Statement of Activities.
_Governmental Activities_
Administrative $ 377,826
Devclupment Services 1 1,460
Parks and Recrcation 310,279
Public Safety 184,702
Public Works 717,676
Total $1,601,943
Business-Type Activities.
Golf Course $ 65,437
Sewer L71-7,171
SoRhall Complex 6,251
Solid Waste 142,649
.. Water 1,226,97(,
Total $3,153,484
45
Special
Business -type
City of Cape Girardeau_ Missouri
Revenue
NOTES TO BASIC FINANCIAL STATEMENTS
Bonds
Bonds
June 30, 2005
Bonds payable at
JUIN 1,2004
NOTE E - LONG-TERM OBLIGATIONS
$43,727,789
$44,841,589
The following is a summary of changes in the long-term debt included on the City's statement of net assets
for the year ended June 30, 2005.
Amortization
Ihuwcd I)ucto
67,783
55,743
(iom...... l Other Became Paid Other
-
730,617
Adi�gGnv Mehl" Bonds Leine Onvermnenis
lbml
_ (165,000)
A3 073 00.0)
_. (3,238 000)
Bonds payable at
Dehl pacablc Julr l_ 2004 S 5779,967 $ 22,997140 S 701,942 $ 97409
S2R,6763iA
Prcmimn amonicmion (13.151) (4 42 1 ) - -
(8572)
$4.1,453,1.39
licdred (1,11( 69,5) (810 OW) - C16,492)
(2,1-13,187)
Adduinns 879550= - 105.481
8,900,990
Bonds payable for governmental and
I M,b pay able Juoe 342005$_1324,_563(1 $ 21,282,719 5 807,323 S 80,917
,$31;116,589
2005 are comprised ofthefollowing
'Other I )ebt indLl&x Not, Pacablc Special Oblig"t on Rands, Learchold Revenue Bands and Cm IlGualc7 of Participation.
Special
Business -type
Obligation
Revenue
Activities
Bonds
Bonds
Total
Bonds payable at
JUIN 1,2004
$1,113,800
$43,727,789
$44,841,589
Discount Prcmium
Amortization
(12,040)
67,783
55,743
Accumulated Interest
-
730,617
730,617
Bonds Retired
_ (165,000)
A3 073 00.0)
_. (3,238 000)
Bonds payable at
June 30, 2005
$ 936,760
$4.1,453,1.39
$42,389,949
Bonds payable for governmental and
business -type activities
at June 30,
2005 are comprised ofthefollowing
individual issues'.
46
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE E - LONGTERM OBLIGATIONS - Continued
$ 2,320,000 Special Obligation Refunding and Improvement Bonds Series 2002
Year Ending
Interest
Principal
Interest
June 30
Rate
Due
Due
Total
2006
4.50%
$490,000
$88,655
$578,655
2007
4.50
335,000
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
2011
4.00
155,000
15,655
170,655
2012
410
155,000
9,455
164,455
2013
410
155.000
3,177
159,177
$2,320,000 $300,450 $262450
Principal payinenls arc made annually on October I, and interest payments are made semi-annually on October
I and April I.
On October 22, 2002 the City of Cape Girardeau issued .$3,125,000 of Special Obligation Refunding and
Improvement Bonds Series 2002 with interest rales varying from 3.00°/ to 4.50%. The bonds are special
obligations of the City payable solely from the income and revenues provided for the year plus any
unencumbered balances from prior years
"I'he bonds were issued by the City for the purpose of providing funds to (a) pay the costs of refunding the
Building and Equipment Leasehold Refunding and Improvement Revenue Bonds, Series 1993, issued on
behalf of the City by the Cape Girardeau Public Facilities Authority and outstanding in the principal amount of
$1.085,000, (b) pay the costs of refunding the Certificates of Participation (Capital Improvements Projects),
Series 1994A, issued on behalf of the City by the Cape Girardeau Public Facilities Authority and outstanding
in the principal amount of $7,255,000 and prepaying the leasehold interest represented thereby, (c) pay the
costs of constructing certain street improvements within the City and (d) pay the costs of issuing the Bonds,
under the authority of and in Rill compliance wit It I he City sCharter and the COnSti llltlon and lalvs of the State
of Missouri. and pursuant to an ordinance duly passed (the' Ordinance-) and proceedings duly and legally had
by the governing body of the City.
The outstanding bond liability for the Special Obligation Refunding and Improvement Bonds Series 2002 is
allocated as follows. $1,405,000 for Governmental activities and $915,000 for Business -type activities.
47
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE E - LONG -PERM OBLIGATIONS - Continued
Waterworks System 2evenue Bonds Series 1992
These bonds are dated April 15, 1992. The proceeds of the bond issue were used to purchase, extend and
improve the water system serving the City- The purchase of the water system occurred on June 3, 1992.
These bonds were retired on March I, 2005.
$ 8,170,000 Waterworks System Refundine Revenue Bonds Series 1995. due as follows.
Year Ending Interest Principal Interest
.. June 30 Rate Due Due Total
2006 4.875% $ 810,000 $ 409,507 $ 1,219,507
2007 5.000 890,000 370,020 1,260,020
2008 5.000 980,000 325,520 1,305,520
2009 5200 1,010,000 276,520 1,286,520
2010 5.000 1,065,000 224,000 1,289,000
201 1 5.000 1,120,000 170,750 1,290,750
2012 5.000 2295000 1_14 750 _ 2,409,7.50
$8,170,000 $1,99 1 067 $10 061,E
Principal payments are made annually on March 1, and interest payments arc made semi-annually on March I
and September I
On December I, 1995 the City issued $9,095,000 of Waterworks System Refunding Revenue Bonds Series
1995 with interest rates varying from 3.9°/ to 5.2%. The bonds arc special limited obligations of the City
pavable solely from the net income and revenues derived by the City from the operation of the Waterworks
Svstem after payment of costs of operation and maintenance.
The bonds were issued to provide the City with funds to decrease $8,090,000 principal amount of Waterw-orkS
Svstem Revenue Bonds, Series 1992.
49
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE E - LONG- PERM OBLIGATIONS - Continued
S 1515 000 Sewerage Sj stent Revenue BondsStat-e. Revolving Fund Program) Series 1991 due as
follows
Year Ending
Interest
Principal
Interest
June 30,
Rate
Due
Due
I otal
2006
6.875%
S 130,000
$104,156
$ 234,156
2007
6.875
135,000
95,219
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
.. 2014
6.875
_ 215,000
14,781
- 229 781
$1,515,000 $566,155 $2,081,155
These bonds are dated December 1, 1991. The proceeds of the bond issue were used to extend and improve
the existing sewerage facilities serving the City
Principal payments are made annually on June I, and interest payments are made semi-annually on June I and
December I.
The interest due on the Series 1991 Sewer System Revenue Bonds is subsidized by interest earnings on a
reserve fund held by the bond issue's trustee. As the City is reimbursed For sewer project expenditures from
the construction funds held by the trustee, the State of Missouri Department ofNatural Resources deposits au
amountequaltoapproximately51.907%ofthereimbursement ntotherescrvefund. Themaximumartount
of funds that will be advanced to the reserve fund will be 51,250,000. As bonds are retired 50°i of the amount
of bonds retired will be repaid to the State of Missouri Department of Natural Resources out of the reseive
fund. The balance ofthe reserve fund at June 30, 2005 was $938,060. The reserve fund yields 6.71°/u_
During the fiscal year-end June 30, 2001 certain bonds originally issued by the State Environmental
Improcenlent and Energy Resources Authority as part of the State Revolving Fund Program were redmded
Annual debt sen ice savings resulting Gorst this transaction are to be used to offset City debt service payments
due on Series 1991 Bonds. During the fiscal year ended June 30, 2005, City interest expense was reduced by
$15,047 as a result of this transaction. Over the remaining life of these bonds, the City will receive net present
value benefits of approximately $129,500 from this transaction
49
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE E - LONG-TERM OBLIGATIONS - Continued
!-K9,000 Sewerage Svstem Revenue Bonds State Revolving Fund Program)_ Series 1993 due as follows_
Year Ending Interest Principal Interest
June 30 Rate Due Due 'total
2006
5.000"/
$ 24,000
$ 15,819
$ 39,819
2007
5.100
25,000
14,582
39,582
2008
5.200
27,000
13,242
40,242
2009
5 250
28,000
11,805
39,805
2010
5.400
30,000
10,260
40,260
2011
5.400
31,000
8,613
39,613
2012
5.400
33,000
6,885
39,885
2013
5.400
35,000
5,049
40,049
2014
5 400
37,000
3,106
40,106
2015
5400
39,000
1,053
40,053
$309,000 $90,414 $399,4.14
These bonds are dated August 1, 1993_ The proceeds of file bond issue were used to extend and improve the
existing sewerage facilities serving the City_
Principal payments are made annually on March I, and interest payments are made semi -amorally on March I
and September I.
'Ihe interest due on the Series 1993 Sewcr System Rcvcnuc Bonds is subsidized by interest earnings on a
reserve fund held by the bond issue's trustee. As the City is reimbursed for sewer project expenditures from
the construction funds held by the trustee, the State of Missouri Departmentof Natural Resources deposits an
amount equal to approximately 70% of the reimbursement into the reserve fund. The maximum amount of
funds that will be advanced to the reserve fund will be $350,000. As bonds are retired, 70% of the amount of
bonds retired will be repaid to the State of Missouri Department of Natural Resources out of the reserve fund.
The balance of the reserve hind at Jure 30, 2005 was $199,500. The reserve fund vields 5. I s ,.
50
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE E - LONG- TERM OBLIGATIONS - Continued
S_0,79( 800,796. Water Pollution Control Revenue Bonds tate Revolving Fund Program) Series 1995D due as
follows
These bonds are dated June I, 1995_ The proceeds of the bond issue were used fur the extension and
improvement of the existing sewerage system serving the City.
Principal and interest payments are made annually on January J beginning in 1998.
The interest due on the Series I9951) Water P011ution Control RCVenlle Bonds is subsidized by interest
earnings on a reserve fund held by the bond issue's trustee. As the City is reimbursed Cor sewer project
expenditures from the construction funds, the State of Missouri Department of Natural Resources deposits an
autount equal to 70% of the disbursement into the reserve fund. The maximum amount of funds that will be
advanced to the reserve fund will be 70% of the principal amount less the original issue discount. As bonds
are retired 70°/ of the amount of bonds retired will be repaid to the State of Missouri Department of Natural
Resources out of the reserve fund. The balance of the reserve fund at June 30, 2005 was $4,760,557_ The
reserve fund yields 5.83°-0.
51
Year Ending
Interest
Principal
Interest
June 30,
Rate
Due
Due
Total
2006
5.650%
$ 932,824
$ 742,176
$ 1,675,000
2007
5.750
937,566
862,434
1,800,000
2008
5.850
943,267
996,733
1,940,000
2009
5.950
946,770
1,143,230
2,090,000
2010
6.050
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
6150
354,978
670,022
1,025,000
2014
6.200
326,281
683,719
1,010,000
2015
6200.
303,920
696,080
1,000,000
2016
6.250
278,844
706,156
985,000
2017
6.250
259,535
715,405
975,000
_
$6,900,796
$_9,4_99204
$16,300,000
These bonds are dated June I, 1995_ The proceeds of the bond issue were used fur the extension and
improvement of the existing sewerage system serving the City.
Principal and interest payments are made annually on January J beginning in 1998.
The interest due on the Series I9951) Water P011ution Control RCVenlle Bonds is subsidized by interest
earnings on a reserve fund held by the bond issue's trustee. As the City is reimbursed Cor sewer project
expenditures from the construction funds, the State of Missouri Department of Natural Resources deposits an
autount equal to 70% of the disbursement into the reserve fund. The maximum amount of funds that will be
advanced to the reserve fund will be 70% of the principal amount less the original issue discount. As bonds
are retired 70°/ of the amount of bonds retired will be repaid to the State of Missouri Department of Natural
Resources out of the reserve fund. The balance of the reserve fund at June 30, 2005 was $4,760,557_ The
reserve fund yields 5.83°-0.
51
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE E - LONG-TERNI OBLIGATION - Continued
S 1 1135,000 Sewerage System Revenue Bonds (State Revolving Fund Program) Series 1996 due asfollows-
Year Ending Interest Principal Interest
June 30 Rate Due Due Total
2006
5250%
$610,000
$641,809
$1,251,809
2007
5.350
690,000
609,784
1,299,784
2008
5500
700,000
572,869
1,272,869
2009
5.600
715,000
534,369
1,249,369
2010
5.700
730,000
494,329
1,224,329
2011
5.875
745,000
452,719
1,197,719
2012
5.875
765,000
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
875,000
271,181
1,146,181
2016
5.900
895,000
219,775
1,114,775
2017
5.900
920,000
166,970
1,086,970
2018
5.900
945,000
112,690
1,057,690
2019
5 900
965,000
50,935
1,021,935
$11,135,000
$5,224,567
$16359567
These bonds are dated June I, 1996. The proceeds of the bond issue were used for the extension and
improvement of the existing sewerage system serving the City.
Principal payments are made annually on January I. Interest is paid semi-annually on January I and July I
belpinning in 1997.
the interest due on the Series 1996 Sewerage System Revenue Bonds is subsidized by interest earnings on a
reserve fund held by the bond issue's trustee_ As the City is reimbursed for sewer project expenditures from
the construction funds, the State of Missouri Department of Natural Resources deposits an amount equal to
_ 70° o of the disbursement into the reserve fund. The maximum amount of funds that will be advanced to the
reserve will be 59,474,500. As bonds are retired, 70% of the amount of bonds retired will be repaid to the
Department of Natural Resources out of the reserve fund. The balance of the reserve fund at lune 30, 2005
was $7,794,500 The reseme tend yields 5700,1)
52
City of Cape Girardeau, Missouri
NOTES'I'0 BASIC FINANCIAL, STATFMEN IS
June30,2005
NOTE E - LONG- PERM OBLIGATION - Continued
During the fiscal year ended June 30, 2001 certain bonds originally issued by the State Environmental
Improvement and Energy Resources Authority as part of the State Revolving Fund Program were refunded.
Annual debt service savings resulting from this transaction are to be used to offset City debt service payments
due on Series 1996 Bonds_ During the fiscal year ended June 30, 2005, City interest expense was reduced by
$15,331 as a result of this transaction. Over the remaining life of these bonds, the City will receive net present
value benefits of approximately $178,500 from this transaction.
$_8,255,000 Sewerage System Revenue Bonds (State Revolving Fund Program) Series. 2000 due as
follows_
Year Ending interest Principal Interest
June _3_0, Rate Due Due Total
2006
4.500%
$ 55,000
$ 442,293
$ 497,293
2007
4.500
120,000
438,355
558,355
2008
4.500
130,000
432,730
562,730
2009
4.600
145,000
426,470
571,470
2010
4.625
165,000
419,319
584,319
2011
4.700
185,000
411,156
596,156
2012
5.500
215,000
400,896
615,896
2013
5.500
230,000
388,659
618,059
2014
5.000
250,000
376,084
626,084
2015
5.625
275,000
362,099
637,099
2016
5.625
475,000
341,006
81(;,006
2017
5.625
555,000
312,037
867,037
2018
5.300
590,000
280,793
870,793
2019
5.400
1,590,000
222,228
1,812,228
2020
5.450
1,655,000
134,199
1,789,199
2021
5.500
_ 1,620,000
44 550
1,064,55
$8255,000
$5,432,874
$13,687,874
These bonds are dated November 1, 2000. The proceeds of the bond issue will be used to extend and improve
the existing sewerage facilities serving the City.
Principal payments arc made annually on July 1, and interest payments are made semi-annually on July I and
January I
53
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE E - LONG TERM OBLIGATION — Continued
The interest due on the Series 2000 Sewer System Revenue Bonds is subsidized by interest earnings on a
reserve fund held by the bond issue's trustee. As the City is reimbursed for sewer project expenditures from
the construction funds held by the trustee, the State of Missouri Department of Natural Resources deposits an
amount equal to approximately 70% of the reimbursement into the reserve fund The maximum amount of
funds that will be advanced to the reserve fund will be $5,848,500_ As bonds are retired 70% of the amount of
bonds retired will be repaid to the State ofMissouri Department ofNatural Resources out of the reserve fund.
The balance of the reserve fund at June 30, 2005 was $5,439,300_ The reserve fund yields 5.16%.
$21,270,000 Waterworks System Revenue Bonds (State Revolvine Fund Pro -gram), Series 1998 due as
follows.
These bonds are dated December I, 1998. The proceeds of the bond issue will be used for the extension and
improvernents to the waterworks system.
r Principal payments are made annually on January I. Interest is paid semi-annually on January I and July I
beginning on July I, 1999.
54
Year Ending
Interest
Principal
Interest
June 30,
Rate
Due
Due
Total
2006
4000%
$ 870,000
S 1,024,995
,, 1,894,995
2007
4.100
920,000
990,195
1,910,195
n
2008
4.200
1,000,000
952,475
1,952,475
2009
4.300
1,025,000
910475
1,935,475
2010
4.375
1,080,000
866,400
1,946,400
2011
5.250
1,110,000
819,150
1,929,150
2012
5.250
1,215,000
760,875
1,975,875
2013
5.250
1,300000
697,087
1,997,087
2014
5.250
2,350,000
628,878
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
2018
4.500
2,750,000
1.23,750
2,873,7.50
"
$21,270,000
58,900,027
$30,1700027
These bonds are dated December I, 1998. The proceeds of the bond issue will be used for the extension and
improvernents to the waterworks system.
r Principal payments are made annually on January I. Interest is paid semi-annually on January I and July I
beginning on July I, 1999.
54
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE E - LONG-TER1%1 OBLIGATION — Continued
The interest due on the Series 1998 Waterworks System Revenue Bonds is subsidized by interest earnings on a
reserve fiord held by the bond issues trustee. As the City is reimbursed for waterworks system expenditures
from the construction funds, the Department of Natural Resources deposits an amount equal to 33.41%ofthe
disbursement into the reserve fund. The maximum amount of funds that will be advanced to the reserve will
be $8,517,235, As bonds are paid off, 33.41% of the amount of bonds retired will be repaid to the
Department of Natural Resources out of the reserve fiord_ The balance of the reserve find at June 30, 2005
was $6,038,958. -Phe reserve fund yields 4.71%.
55
$201000 City of Cape Girardeau, Missouri Lease Purchase Agreement dated
June 17, 1999 due as follows.
..
Year Ending Interest Principal Interest
June 30, Rate Due Due
Total
2006 5.000% $ 29,000 $10,050
$ 39,050
2007 5.000 31,000 8,600
39,600
2008 5.000 33,000 7,050
40,050
2009 5 000 34,000 5,400
39,400
2010 5 000 36,000 3,700
39,700
2011 5 000 _.38,000 ...1,900
_39,900
$201,000 $36,700
$237,700
fhe lease agreement is the obligation of the City of Cape Girardeau, Missouri.
Principal and interest will be
paid by the City from proceeds of the site lease and the (ease agreement. The purpose
of the lease agreement
was to (1) rehabilitate and otherwise improve the A. C. Brase Arena Building and
(2) acquirea building atthe
Cape Girardeau Regional Airport known as the "Lipp s Hangar -
angar-Principal
Pi incipalpayments are made annually on April I and interest payments are made
semi-annually on April 1
and October I
$ 491,000 Ctg of Cape Girardeau Promissory Note dated March I, 2005 due
as follows.
Year Ending Interest Principal Interest
June 30. Rate Due Due
Total
2005 3 25% $ - $ 5,363
$ 5,363
..
2006 35 491,000 8-592
499,592
`5491,000 $13,955
$504,955
55
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE F - LONG-TERM OBLIGATIONS - Continued
The promissory note is the obligation of the City of Cape Girardeau, Missouri_ The purpose of the note was
to refinance a lease purchase agreement dated March 31, 2000 for the purchase of approximately 12 acres in
the south central portion of the City for the Public Works Departmentprincipal and interest will be paid by
the City from the proceeds of the sale of the property or from available funds of the City.
S2,725,000 Certificates of Participation Series 2001,
Year Ending
Interest
Principal
Interest
June 30,
Rate
Due
Due
Total
*2006
4250%
$110,000
$ 152,931
$ 262,931
*2007
4.300
125,000
147,319
272,319
2008
4.550
125,000
140,940
265,940
2009
4625
130,000
135,253
265,253
2010
4.800
135,000
129,240
264,240
2011
5.000
140,000
122,760
262,760
2012
5.800
150,000
115,760
265,760
2013
5.800
160,000
106,760
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
6.000
210,000
53,360
263,360
2019
6.000
225,000
41,180
266,180
2020
6.000
235,000
28,130
263,130
202t
6.000
250 000
_ 14,500
264,500
$2,725,000 $1,514,673 $4,239,673
* Includes tasable certificates of $50,000 and $55,000 in years 2006 and 2007 with 6.1251ib coupon.
ti The certificates arc obligations of the City under a Lease Purchase Agreement between the City and LAi6
Bank. NA_ 'fhe Corporation also acts as the trustee who receives the rental payments for the benefit of the
certificate holders The purpose of the 2001 Series certificates is to construct and equip an airport
manufacturing facility.
Principal payments arc made annually on April I, and interest payments are made semi-annually on April I and
October 1
50
City of Cape Girardeau, Missouri
NOTES'IO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE E - LONG-FERDI OBLIGA"11ONS - Continued
$8,190,000 Special Obligation Bonds Series 2005.
Year Ending Interest Principal Interest
June 30 Rate Due Due 'Iota]
2006
3.000%
$585,000
$339,623
$ 924,623
2007
3.250
605,000
295,949
900,949
2008
3.500
630,000
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
655,000
209,436
864,436
2012
3.500
680,000
186,511
866,511
2013
3.625
700,000
162,711
862,711
2014
4.000
690,000
137,336
827,336
2015
5.000
1,245,000
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
130,886
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
4.250
105,000
25,244
130,244
2023
4.375
110,000
20,781
130,781
2024
4.375
115,000
15,969
130,969
2025
4.375
__ 250 000
10,940
260,940
$8,190,000
$2,509,601
$10,699,601
Principal payments are made annually on June I, and interest payments are made semi-annually on June I
and December I_
In May 2005, the City of Cape Girardeau issued $8,190,000 of Special Obligation Bonds Series 2005 with
interest rates varying from 39'o to 5%. Fire bonds are special obligations of the City payable solely from the
revenues derived from annual appropriations by the City Council.
7
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMEN'T'S
June 30, 2005
NOTE E - LONG-TERM OBLIGATIONS- Continued
The bonds were issued by the City for the purpose of providing funds to (a) construct, furnish and equip a
new fire station, renovate and improve existing fire and police stations, reimburse the City for the purchase
of new, public works facility, and acquire vehicles for the police and fire departments, (b) refinance various
outstanding obligations of the City, (c) fund a debt service reserve fund for the Bonds, and (d) pay the costs
of issuing the Bonds, under the authority of and in full compliance with the City's Charter and the
Constitution and laws of the State of Missouri, and pursuant to an ordinance duly passed and proceedings
duly and legally had by the governing body of the City_
.. The outstanding bond liability for the Special Obligation Bonds Series 2005 is allocated as follows.
$7,770,000 for Governmental activities and $420,000 for Business -type activities.
The cash and investments available to service revenue bonds are 5959,725 and $7,822,343 for the
govenunental and business-t)pe activities, respectively.
58
The annual requirements to amortize all debt outstanding as of June 30, 2005 including total interest payments
of $3 5, 985,687 are as follows
Special
Leasehold
Certificates
Year Finding
Obligation
Revenue
Revenue
of
June 30,
Bonds
Bonds
Bonds
Participation
Total
2006
$1,508,641
$ 6,812,979
$ 39,050
$262931
$ 8,623,201
2007
1,805,634
7,098,155
39,600
272,319
9,215,708
2008
1,301,191
7,304,773
40,050
265,940
8,911,954
2009
1,278,616
7,403,608
39,400
265,253
8,986,877
2010
1242,141
7,029,620
39,700
264,240
8,575,701
_
2011
1,035,091
6,332,357
39,900
262,760
7,670,108
2012
1,030,966
7,482,293
-
265,760
8779,079
2013
1,020,888
5,058,676
-
266,760
6346,324
2014
827,336
6,002990
-
262,160
7,092,486
2015
1,354,736
5,773,795
-
202,260
7390,791
2016
127,486
5,842,881
-
266,760
6237,127
2017
129,286
5,827,232
-
265,360
6,221,878
2018
130,886
4,802,233
-
263,360
5,196,479
2019
127,196
2,834,163
-
266,180
3,227,539
2020
128,484
1,789,199
-
263,130
2,180,813
2021
129,494
1,664,550
-
264,500
2,058,544
2022
130.244
-
-
-
130 244
2023
130,781
-
-
-
130.781
2024
130,969
-
-
-
130.969
2025
260,940
260,940
$13,83.1,006
$49_,0,59,1.0,4
5237,704
$4,239,673
$107,3(77,483
The cash and investments available to service revenue bonds are 5959,725 and $7,822,343 for the
govenunental and business-t)pe activities, respectively.
58
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
The cash and investments available to service the special obligation bonds and certificates of participation in
governmental activities are $691,909 and $288,549 respectively.
Included in business -type activities restricted cash on the statement of net assets is $549,109, which is the
balance in the 2000 sewer project account which represent incomplete projects at June 30, 2005_ Ifthe project
funds are not used, the remaining balance can be applied against debt_
Interest expense was charged to functions as follows in the Statement of Activities:
_ _Governmental Activities.
Interest and Other Costs $1 12537 3
Total $1,125,3 73
Business -Type Activities:
Golf Course $ 17,656
Scwcr 864,496
Softball Complex 5,485
Solid Waste 27,790
Water 521,971
Total $1,437,398
S9
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE F - DEFICIT FEND BALANCES/RETAINED EARNINGS
The Softball Complex Fund's total liabilities exceeded its total assets by S 145,398,
NOTE G - PENSION PLAN
1. Plan Description
The City of Cape Girardeau participates in the Missouri Local Government Employees Retirement System
(LAGERS), an agent multiple -employer public employee retirement system that acts as a comment nvestment
and administrative agent for local government entities in Missouri.
LAGERS is a defined benefit pension plan which provides retirement, disability, and death benefits to plan
members 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 General Assembly. The plan is qualified under the Internal Revenue Code Section 401 A and it is tax
exempt
The Missouri Local Government Employees Retirement System issues a publicly available financial report that
includes financial statements and required supplementary information. That report may be obtained bywriting
to LAGERS, PO Box 1665, Jefferson City, MO 65102 or by calling 1-800-447-4334.
2_ Fundine Policv
The Citv of Cape Girardeau's fill -time employees do not contribute to the pension plan. The political
subdivision is required to contribute at an actuarially determined rate, the current rate is 6.8% (general), 4.5%
_ (police) and 11.4°/ (fire) of annual covered payroll. The contribution requirements of plan members are
determined by the governing body of the political subdivision. The contribution provisions of the political
subdivision arc established by state statute.
3. Annual Pension Cost
For 2005, the political subdivision's annual pension cost of 5843,223 was equal to the required and actual
contributions. l'he required contribution was determined as part of the February 28, 2003 and/or February 29,
2004 annual actuarial valuation using the entry age actuarial cost method. The actuarial assumptions included
(a) a rate ofreturn on the investment of present and future assets of 7.59. per year, compounded annually. (b)
projected salary increases of 4.001, per year, compounded annually, attributable to inflation, (c) additional
projected salary increases ranging from 0.0°. to 4 2% per year, depending on age, attributable to
scniuritp/hncrit, (d) pre -retirement mortality based on the 1983 Group Annuity Modality table and (e) post-
retirement mortality based on the 1971 Group Annuity %lorlality table projected to 2000 set back 1 year for
men and 7 years for women The actuarial value ofassets was determined using techniques that smooth the
effects of short-term volatility in the market value of im-estments over a five -%ear period. The unfunded
actuarial accrued liability is being amortized as a level percentage of projected payrolls on an open basis. The
amortization period at February 28, 2005 was 15 Vcars.
60
'
City of Cape Girardeau, Missouri
a......
S 1,561651 S -
NOTES TO BASIC FINANCIAL STATF.MF.NTS
60J77 -
s","Iund
June 30, 2005
Aapnilrid
- ao.177
s.,ud cv,11 n��,d
- 75o.noo
NOTE G - PENSION
PLAN - Continued
S,rbnll lc I and
- 1900Qg
Three -Year Trend Information
S 1,621,828 5 1,62%828
Fiscal
Annual Percentage
Net
' Year
Pension Of APC
Pension
Ending
Cost_ APC Contributed
Obligation
06/30/03
$816,335 100%
$ 0
06/30/04
714,208 100%
0
06/30/05
843,223 100%
0
Note- "fhe above assets and actuarial accrued liability do not include the assets and present value of benefits
associated with the Benefit Reserve Fund and the Casualty Reserve Fund_ The actuarial assumptions were
changed in conjunction with the February 28, 2001 annual actuarial valuations. For a complete description of
the actuarial assumptions used in the annual valuations, please contact the LAGERS office in Jefferson City
-
NOTE II - INTEREST EXPENSE
Interest cost, including handling charges, totaling $2,369,884 excluding $65,101 of interfimd interest, was
incurred during the year ended June 30, 2005. No interest cost was capitalized as part of the cost of assets
constructed during the period.
NOTE 1 - INTERFUND ACTIvt,rY
A. 'Ihe following is a sununaty of intedund balances as of June 30, 2005.
Advance to/from other funds.
,.
Ads-,,I,�, (,,n, Ad. i1i' l tm
a......
S 1,561651 S -
If1,uipmcnt Idgdnecmn;t I 1111
60J77 -
s","Iund
- 288.395
Aapnilrid
- ao.177
s.,ud cv,11 n��,d
- 75o.noo
01111rninc Fund
_ 111256
S,rbnll lc I and
- 1900Qg
S 1,621,828 5 1,62%828
The interfund balances arc a result of advances
to purchase capital assets and to pay for operating expenses.
Repayments are made as cash (lows permit.
If cash flows are not sufficient repayments are deferred to
' subsequent years.
61
City of Cape Girardeau, Missouri
NOTES "1'0 BASIC FINANCIAL STATEMENTS
June 30, 2005
O2
NOTE I - INTERFUND ACTIVITY
- Cuntinued
The City makes transfers between various
funds Cor routine and normal
operating expenses and for capital
asset requisitions.
6. The following is a summary of interfund
transfers for the year
ended June 30, 2005
Lund
IlanSI From
'I rnnsfcr lU
6euend fund
$ 2,929010
S 2 "43,015
A,,,,I lvnd
240,500
556,739
Park a nd Rccrwtiou
-
697652
I'ranspurtatiuu Saler 'ra,
"frust Fund II
-
2001100
a
Public tiara(, I mst limd
1912SII
1162,560
Dela Service Fund
-
387,192
Gcncml Capital lntprnvcincntx fond
-
197,020
Visian 20001', d
-
I (100
MonT1'111( 111und
1611920
-
Ca'dal Int proveinent Soler Iaz-
>.
Wotn SsMton
25.956
Cupi(ol h,,,o cmait SaL, l ace -
SrncrS,Ic... prnccmcnln
2037,804
-
Stmcl lmpmvnnvtlr Fund
-
199600
Park lmprovcmcnis Bind
-
19d 100
C1,ininunav Dcrrelnpnteu1131ock
Gran( P:olact ('und
-
i,R35
I ire SIICI Tac Lund
1,16 5611
W'um Ss(cm Lnprcncincnl
PI
21906
3181T
Sacci r-und
-
2n:] 8911
11'a¢i Fund
-
1210.000
boll rbucm Fund
-
21-.19
Snlihall C("i"I" limd
-
-(o,176
FI und
26132
-
Irinpclicncli¢Pw.d
IIIj
-
S 9,091,660
S 9A91,660
O2
03
NOTE J - SEGMENT INFORMATION FOR ENTERPRISE FUNDS
The City maintains five enterprise
funds
which provide
sewer, water, solid waste, golf, and softball complex
services. Segment information
for the
year ended June
30, 2005
was as follows.
sofmau
Sm'rr
won'
Solid W,,(,
GulfCon111
Carnpl"
'I'nml
I
Pund
Fiwd
Fund
Fund
Ln
O'Cr,OM 1, rcvama
82.531 207
S5.220,526
S2570,2 11
5497.9 13
S 162,754
$11982,661
I)"n, iatimi
1712,171
1,226.976
142,649
65,437
6.251
3,15_1A84
Operating Liwnie Q.ou)
(1918,125)
18,791
138,693
(37,767)
(264.448)
(I,I6_856)
Operaliup l,ansrasln
2,037,884
120,001
-
21,149
265376
2,446609
NO lncomc(I"")
2,498.015
1,697,363
1,18.864
(30,729)
(3,887)
4.309.626
C urrcnt Capnal Con lribulion,e
2,17311111
I,ti6264
-
-
-
3,829,294
No,rty, Plain vid T q,npmm'nt
Additions
4.191059
2.621907
221,211
41,155
2]79
7,078,113
]Mahan'
(365,665)
(393273)
-
(3.175)
(33 822)
(795,935)
No Working C;q oar
(779,!54)
781 R17
1,110166
(12,602)
9,772
1,130,099
1on, IAest,
62.6362911
43,749,119
2415,131
467,156
101271
109,374,857
Bondeond OtheiT)ng -Tenn
T bdn,uc Pm,,,Hc do,,
Operating licacnuos
3-11178,199
8,113,194
198.556
-
-
42.389,949
'1ota)Net AsseB
S27 185,484
S14850]84$1,083'003
587397
$(145 a98)
563,061,269
03
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
Reserved for prepaid items
$
NOTE K - RESERVATION OF FUND EQUITY
At lune 30, 2005, the City had reserved its fund equity as follows_
General Fund
Reserved for emergency fund
$3,140,151
Reserved for prepaid items
66,029
Reserved foradvance
1,561,651
Reserved for mausoleum maintenance
87,742
Reserved for Local Access Channel
10,525
Reserved for encumbrances
_177 316
Reserved for encumbrances
$5 043_414
Airport Fund
Reserved for prepaid items
$ 37,853
Reserved for encumbrances
_ 10,429
Reserved for cncumbranccs
$ 48,281
Parks and Recreation Fund
Reserved for prepaid items
$
624
Reserved for Operations and Maintenance
34,379
Reserved for encumbrances
4,942
$
39,945
Transportation Sales I ax Trust Fund II
Reserved for encumbrances
$
823,209
Public Safety Trust Fund
Reserved for cncumbranccs
$
699,692
Resc5ed for prepaid items
1,814,985
Reserved for emergency fund
1()3_8()O
$,2,618,477
Debt Set%ice Fund
Reserved for debt service
$
277.031
Reserved for emergencN find
96,359
$
373,390
General Capital Improvements
Reserved for cncumbranccs
$
862
Other Governmental Funds
Reserved for enemnblluCVS
$
633,612
Reserved for emergencies
813,782
Reserved for prepaid items
86,502
Reserved for River Campus
81,092
$1,614,988
64
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE L - RESERVED RETAINED EARNINGS AND RESTRICTED ASSET ACCOUNTS
At June 30, 2005..
the City has restricted assets in its Proprietary Funds as follows.
Depreciation
12ecenuc Bond
And
Bond
Sinkingand
Reolaceatent
Construcaon
Re'erve Fund
'Imal
SavcrPund
5127.000
S 554,680
$5,505,975
SG,187,655
WatcrPund
920,000
3,515
2,276.129
3,099,674
Solid R'nete fund
-
.2.440
622
3062
5947,000
$ 560,665
_ S7 782 726
$9,290,191
NOTE NI - LANDFILL CLOSURE AND POSTCLOSURE CARE COST
State and federal laws and regulations require the City to place a final cover on its landfill when closed and
perform certain maintenance and monitoring functions at the landfill site for thirty years after closure_ The City
closed its landfill in the fiscal year ending June 30, 1994, and an expense provision and related liability were
recognized at that time based on the future closure and postclosure care costs that were estimated to be
incurred near or after the date the landfill no longer accepted waste. The entire amount ofthe estimated total
costs for landfill closure and postclosure care costs was recognized in prior years since the recognition is based
on landfill capacity used to date and the landfill was filled to capacity in prior years. The estimated total future
,. liability for landfill postclosure care costs is $95,000 as of June 30, 2005, which is based on the amount that
would be paid if all equipment, facilities, and services required to close, monitor, and maintain the landfill were
acquired as of June 30, 2005. However, the actual cost ofclosure and postclosure care may be higher due to
inflation, changes in technology, or changes in landfill laws and regulations.
The Citv has used the option of Contract of Obligation as the financial assurance instrument for lire landfill.
The City issued bonds in October 1994 from which the proceeds have been used to pay the closure costs.
65
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL. STATEMENTS
June 30, 2005
NOTE N - RISK MANAGEMENT
The City is exposed to various risks of loss related to torts, theft of, damage to and destruction of assets,
errors and omissions; natural disasters and employee health benefits. These risks, with the exception of those
discussed in the following paragraphs, are covered by commercial insurance- Settled claims have not exceeded
this commercial coverage in any of the past ten fiscal years
The City is a member of the Missouri Public Entity Risk Management Fund, a not-for-profit public entity
insurance pool established by the state legislature. Through this pool, the City receives coverage for general
liability, law enforcement liability, errors and omissions, and employee benefit liability. Risks for these
coverages are spread across members ofthe fund. Currently the limd is comprised of580 Missouricounties,
municipalities, and special districts. Premiums for these coverages arc actuarially determined based on actual
claims of the pool and individual claims of the City. Each year, portions of premiums not required because of
below expected claims are returned to the members. The City has received refunds of premiums in each of the
last ten years and has used than to offset the cost of the succeeding year's premiums.
Vehicle loss and accident liability is carried by Savers Property and Casualty Insurance. It is rated B++ by
AM Best
'I he City has established self-insurance plans Cor employees' health insurance and workman's compensation.
Both of these are accounted for using internal service bunds. Under each plan, the City is substantially self-
insured and uses an administrator to handle claims management.
The City provided health coverage to its employees through a minimum premium plan administered by Right
Choice Managed Care, which had an "A -"rating by A . Best. Under this plan, the City paid the administrator
a monthly premium for claims administration, cost management, and specific and aggregate stop loss
coverage T'he ON, reimbursed the administrator for claims paid up to the specific stop loss amount of
$100,000 and $125,000 annually per employee and up to the aggregate stop loss amount of approximately
$1,800.000 and $2,300,000 annually beginning January I, 2004 and 2005, respectively, for all employees.
These limits apply only to claims made during the respective calendar years. Rates were charged by the internal
service Cu rid to the other City funds to cover the monthly premium to the administrator and claims up to the
aggregate stop loss amount
Corporate Claims Management, Inc. administers the City's workmen's compensation plan. Cnder this plan,
the City pays the administrator a per claim fee to administer its claims_ All claims are paid directly by the City.
The City has purchased insurance coverage from Safety National Casualty Corp. that limits the maximum
claims to $225,000 and $275,000, for regular employees and police emplovees, respectively. Additionally,
$1,000,000 in coverage is provided for annual claims in excess of $535,000. Rates are charged by the internal
service fund to the other City funds based on rates and experience factors established by the National Council
Oil Compensation Insurance Salety National is rated "A-" by A. M. Best.
66
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL. STATFMFNTS
June 30, 2005
NOTE N - RISK MANAGEMENT- Continued
Claims liability is estimated using data supplied by the administrator- The claims activity during the last five
years is summarized as follows.
CLAIMS LIABILITIES RECONC ILL AI' ION
Balance lune 30, 2000
Provision for Incurred Claims
Payments of Claims
Balance lune 30, 2001
Provision for Incurred Claims
Payments of Claims
Balance June 30, 2002
Provision for Incurred Claims
Payment of Claims
Balance June 30, 200;
provision for Incurred Claims
Payment of Claims
Balance June 30, 2004
Provision for Incurred Claims
Payment of Claims
Balance June 30, 2005
NOTE O - CONCENTRATION OF CREDIT RISK/BAD DEBT ALLOWANCE
The City has uncollatefalized utility accounts receivable generated within a limited geographical region
primarily consisting of its City limits. The Citv also has laces, special assessments, and user fees receivable
which arc concentrated among its citizens. Some of these items attach as liens against real and personal
property. The maximum accounting loss is the amount shown as utility charges receivable on the Statement of
Net Assets.
,r AtJune 30, 2005, utility receivables totaled $1,309,171 On the financial statements, theutility receivables are
shown net of the allowance for doubtful accounts of $126,078 This results in net utility receivable of
$1 248.093. [)in ng the Near ended June 30, 2005, the allowance was increased by $99,607 or approximately
.984'0 of the current year's utility charges and accounts totaling $69,890 were written oil -
67
I-Iealth
Workers'
Insurance
_Compensation
Total
$
150,000
$
328,708
$
478,708
1,427,977
275,758
1,703,735
(1,452,977)
(294,794)
(1747771)
$
125,000
$
309,672
$
434,672
1,274,192
327,400
1_,601,592
__.
(1,27431.92)
(343,045)
(1,617,237)
$
125,000
$
294,027
$
419,027
1,632,710
218,620
1,851,330
11,573-7 . 1_(,
___
1M,2-50)
(1,842900)
$
184,000
$
243,397
$
427397
1,997 671
528,506
2,526,177
_
1851 J,7
416 903
(2_268,5741
$
330,000
$
355,000
$
685,000
1,761,942
526,837
2,288,779
1916742)
____-(346,$37)
(2263,779)
$
175 000
$.
_ 535 000
$
_710,000
NOTE O - CONCENTRATION OF CREDIT RISK/BAD DEBT ALLOWANCE
The City has uncollatefalized utility accounts receivable generated within a limited geographical region
primarily consisting of its City limits. The Citv also has laces, special assessments, and user fees receivable
which arc concentrated among its citizens. Some of these items attach as liens against real and personal
property. The maximum accounting loss is the amount shown as utility charges receivable on the Statement of
Net Assets.
,r AtJune 30, 2005, utility receivables totaled $1,309,171 On the financial statements, theutility receivables are
shown net of the allowance for doubtful accounts of $126,078 This results in net utility receivable of
$1 248.093. [)in ng the Near ended June 30, 2005, the allowance was increased by $99,607 or approximately
.984'0 of the current year's utility charges and accounts totaling $69,890 were written oil -
67
City of Cape Girardeau, Missouri
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2005
NOTE P - COMNIFFNIENTS AND CONTINGENCIES
1. Litigation
Various claims and lawsuits are pending against the City_ In the opinion of City management, the potential
loss on all claims and lawsuits will not be significant to the City's financial statements.
2. Grant Audit
The City receives Federal and State Grants for specific purposes that are subject to review and audit by
various Federal and State agencies. Such audits could result in a request for reimbursement by any of the
Federal and State agencies for expenditures disallowed under the terms and conditions of the appropriate
agency. In the opinion oCCity management, such disallowances, if any, will not be significant.
3. Construction Commitments
As of June 30, 2005, the City had construction conunitrnenls outstanding of $1,937,871. The construction
commitments represent incomplete portions of contracts entered into to construct the Followingvarious
street projects, a mural walkway and other trails, water plant 111 expansion and other water improvements,
South Ramsey Branch GR Station and other sewer projects. Those contracts are expected to be completed
within the next fiscal year.
4. Encumbrances
As ofJune 30, 2005, the City had encumbrances outstanding of 53,426,728.
NOTE Q— PRIOR PERIOD ADJUSTNIENTS
The prior period adjustment in the Airport Fund oC 51,989,774.20 reflects the revenue Gom the sale of a
_ manufacturing facility through lease sales that should have been deferred in a prior year. The Transportation
Sales] ax Trust Fund prior period adjustment of $3,496.37 is for all unrecorded payable It June 30, 2004 for
the cost of a utility relocation related to theNew Madrid & Henderson Street Intersection. The prior period
adjustment in the General Capital Improvements Fund of $ 11,257.15 represents a grant receivable overstated
at June 30, 2004 because of unallowable costs claimed on the Red House Project_ The Water Fund prior
period adjustment of $14,947.13 is for a receivable overstated at June 30, 2004 Ibr expenses that were not
reimbursed.
68
REQUIRED SUPPLEMENTARY INFORMATION
c
1 1 1
REVENUES
Licenses &permits
intergovernmental
Charges for sounded
Internal charges
Fines and forfeits
Miscellaneous
Investment revenue
Special assessments
Total repennea
EXPENDITURES
Curren!
Administrative
Contingency
Development Services
Parks and Recreation
Public Safety
Public Works
Debt service'.
Interest
Issuance cost
Principal
Cep4el uncap'.
Administrative
Development Services
Parks and Recreation
Public Safety
Public Works
I i 1 1 1 1 1 1 1 1 1
City of Cape Girardeau
General
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2005
Budgeted Amounts
Original Final Actual Amounts
$ 12,158 375 00
1,098,000 00
491,460.00
387,234.00
759250.00
765,000.00
42,201.00
125.67700
1 000.00
15.828,197 00
1,807,933.00
35,00000
1,698,485.00
1,301, 735.CC
8,834 995.00
1_693.347.00
15.371.495.00
2.680.00
10620.60
13,300.00
24,30900
$ 12 158375 00
1,098,000 00
491.460.00
387,234.00
759.250.00
765,000.00
42,201.00
125 67700
1.000.00
15 828 19700
1,648,655.15
65.000 00
1,744.605.39
1,354,653.20
9,416 463.57
1.748.614.78
16.177.992.09
2.680.00
41,000.90
10 620.00
54300.09
54,475.00
2,000.00
25.534.00
472,069.29
1.985.000.00
2,539,078 29
18,771,370.38
(2,943 173 38)
2,754.175.00
37,039.00
(2,812.614.64)
(21400,64)
(2964574.02)
4,541,388 00
$ 1.576.813.98
$ 12.610434.89
1,228485 70
966,41629
472.564.99
604,107.18
827,148 49
122,024.98
122,302 67
1100002
16,964,565.21
175157151
55,229.79
1,670,403.81
1,351,75745
9,400,703 82
1.761.214,45
15,990,880.83
2.679.20
40.102.58
10.620.80
53462.58
58 521 79
5462,10
25.535.13
422.645.06
1,991,054.07
2,503218 15
18,547,501.56
(1,582,936 35)
20.00
2,743,015.17
1.775,633.30
37,039.26
5,000.00
(2,829,009.88)
1.731,697.85
148,761.50
4,541 388 00
—1-4 690 149 50
Variance with
Final Budget -
Positive
(Negative)
S 452.059.89
130 485 70
474,956.29
85,330.99
(155,14282)
62,148.49
79,823.98
(3,374.33)
10,080 02
1,136.368.21
97,083.64
9,770 21
74,2C 1 58
2,895.75
15,759.75
(12,599.67)
187.111.26
0.80
897.42
(0.80)
09742
(4,046.79)
(3 46210)
(1.13)
49,424.23
(6,054.07)
35.860.14
223,868.82
1 r360,237 03
20.00
(11,159.83)
1,775,633.30
0.26
5,000.00
(1639524)
1,753,098 49
3,113.335.52
$ 3.113.335.52
2430900
Total expenditures
15,409
104,00
Excess (deficiency) or revenues over
(under) expenditures
419,093
00
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Compensation for d cinders
Transfers m
999,175.00
Bond proceeds
-
Advance repayments
37039.00
Asset disposition
-
Transfers out
(1455
307.00)
Total other financing sources and uses and special Items
(419.093.00)
Net change In fund balances
-
Fund balances — beginning
4,541,388.00
Fund balances —ending
$ 4.541.388.00
$ 12 158375 00
1,098,000 00
491.460.00
387,234.00
759.250.00
765,000.00
42,201.00
125 67700
1.000.00
15 828 19700
1,648,655.15
65.000 00
1,744.605.39
1,354,653.20
9,416 463.57
1.748.614.78
16.177.992.09
2.680.00
41,000.90
10 620.00
54300.09
54,475.00
2,000.00
25.534.00
472,069.29
1.985.000.00
2,539,078 29
18,771,370.38
(2,943 173 38)
2,754.175.00
37,039.00
(2,812.614.64)
(21400,64)
(2964574.02)
4,541,388 00
$ 1.576.813.98
$ 12.610434.89
1,228485 70
966,41629
472.564.99
604,107.18
827,148 49
122,024.98
122,302 67
1100002
16,964,565.21
175157151
55,229.79
1,670,403.81
1,351,75745
9,400,703 82
1.761.214,45
15,990,880.83
2.679.20
40.102.58
10.620.80
53462.58
58 521 79
5462,10
25.535.13
422.645.06
1,991,054.07
2,503218 15
18,547,501.56
(1,582,936 35)
20.00
2,743,015.17
1.775,633.30
37,039.26
5,000.00
(2,829,009.88)
1.731,697.85
148,761.50
4,541 388 00
—1-4 690 149 50
Variance with
Final Budget -
Positive
(Negative)
S 452.059.89
130 485 70
474,956.29
85,330.99
(155,14282)
62,148.49
79,823.98
(3,374.33)
10,080 02
1,136.368.21
97,083.64
9,770 21
74,2C 1 58
2,895.75
15,759.75
(12,599.67)
187.111.26
0.80
897.42
(0.80)
09742
(4,046.79)
(3 46210)
(1.13)
49,424.23
(6,054.07)
35.860.14
223,868.82
1 r360,237 03
20.00
(11,159.83)
1,775,633.30
0.26
5,000.00
(1639524)
1,753,098 49
3,113.335.52
$ 3.113.335.52
I i 1 ► ► 1 1 ► ► ► 1 ► ► ► 1 1 ► ► 1
City of Cape Girardeau
Airport
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Vear Ended June 30. 2005
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Inter9ovemme its
$
125,000.06
$ 125.06000
$ 125.00000
5 -
Chargesforservicro
1,257,891.06
1,262.69100
1,122.679-19
(140O1L81)
Miscellaneous
400.00
40600
26626
(133]4)
Investment revenue
125.00
125.00
1,571 06
1,446 Or,
Total revenues
1,383,416.00
1,388.216.00
1249.518.51
(138.69949)
EXPENDITURES
Current:
Administrative,
1,463,501.00
1,732.726.97
1697,74682
34.986.15
1.463,561.00
1,732,726.97
1,697,746.82
34.980.15
Aebt service.
Interest
8.405.60
8405.06
8,95092
(545.92)
Principal
42.402.00
42,402.00
42,40347
(1.47)
50,80700
50,807 On
5135439
1547 39)
Capital outlay:
Admmistratoe
-
7,270.00
B, 097-72
(85772)
-
7,270.00
SOW 72
(85/ 72)
1 Our expendiures
1,514,308.00
1790.803.97
1,757,198.93
3357504
Excess(de5clency) of revenues
over (under)e,pandfures
(130.892.66)
(40253797)
(507,682 42)
(105,124.45)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers in
366.542 00
496,737 97
556,737.97
60,000 00
Transfers out
(240,45000)
(240,45600
(240,449.90)
0-10
Total other financing sources and uses and special Items
126.092.00
256.287 97
316,288.07
60,000.10
Net change In fund balances
(4.80000)
(148,300.00)
(191,394.35)
(45,124-351
Fund balances- begriming
2235.645.49
2,235.64549
2,235,64549
-
Prior period adjustrned
(1,989,774.20)
Fund balances —shrine
S
2,230845_49
$ 2.089,345_49
$ 54,47694
($ 45,12405)
1 I 1 1 1 i t
1
1
1
1 1
1
i i 1 1
1 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, 2005
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Charges for services
$
529,865.00
$ 529,865.00
$ 490,323 20
$ (39,541.801
Idlscellaneuus
1.650.00
1,650.00
4,974.66
3,324.66
Investment mvenue
2.250.00
2,250.00
3,33311
1,083 11
Total revenues
533,765.00
533,765.00
498,690.97
(35,134.03)
EXPENDITURES
Curren.
Parks and Recreation
1,219.095
00
1,246,416.98
1,166,862.11
57,554 87
1.219,095
00
1,246.416.90
1,188,862.11
57.554.67
Capital outlay:
_ Perks and Recrecuun
-
-
6,61530
(6,61530)
-
-
6,61530
(6.61580)
Total expenditures
1,219095
OC
1,246.416.98
1.195,477.41
50.939.57
Excess (deficiency) of revenues
over funder) expenditures
Steer
30.00)
(712,651.98)
(696.846.44)
15,805.54
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers in
685,330.00
712,65198
697,651.98
(15.000.00)
Total other financ.ng sources and uses and special Items
605,330.00
712,651.98
697,651.96
(15,000.00)
Net change In fond balances
-
-
80554
80554
Fund balances—beginning
42.405.50
42405.50
42,405.50
-
Fondbalances —ending
$
42,405.50
$ 42.405.50
$ 43,21104
$ 805.54
1 1 Y 1 1 1 1 1
1 1 1 1 1
1 1 i 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, 2005
Variance with
Budgeted Amounts
Final Budget -
Positive
Original Final
Actual Amounts
(Negative)
REVENUES
Taxes
$ 3775.00000 $ 3,775,00000
$ 3942,094.41
$ 16],09441
ntergovemmental
232.90000 232,900.00
103,50].34
(129392.66)
nvesnnent revenue
10400.00 78,000.00
244,52114
166.521.14
Special arcessmer is
- -
47.53721
47,537,21
Total revenues
4,005,900.00 4,085,900.00
4,337,660.10
251Jis) W
EXPENDITURES
Current,
Public Work,
- -
2,613.00
(2613.00)
- -
2,613 00
(2613.00)
i,
N Capital outlay.
Catcall Improvement Projects
5,731,60000 5731,60000
2,434,45943
3.297,140 57
5)31,600.00 5731.600.00
2434,45943
.1.297,140.5;
Total expenditures
5731.60000 5731.60000
2,43]67243
3.294,52].57
Excess (deeciencyl of revenues
over(under) expenditures
(1,645700.001 (1645.70000)
1900.58767
3,546.287.67
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
imnsf,r, In
200.000.00 200.000.00
204000.00
-
Totalotherlinancingsouressandusesandspecialllems
200,00000 200,00000
200,000.00
-
per change In fund balances
11445700.00) (1,445,700.00)
2.100587 67
3,546,28767
Fund balances—beginning
6,788 995 95 6788.99595
6.788.995.95
-
FRmdbalances -ending
$ 5.343.295.95 $ 5343.295.95
if 8.88958362
$ 3546,207.67
I 1 1 1 1 i 1 1 1 1 1 f 1 1 1 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 the Year Ended June 30, 2005
Budgeted Amounts
Cranial Final Actual Amounts
REVENUES
""i,rm nldevenue
Tocol revenues
EXPENDITURES
Cur enC
Public Safety
Debt service:
Issuance best
Capital ,way.
Public Safety
Total expenditures
Exeess(def clency) of mv,nues
over (under) expenditures
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers In
Bond proceeds
Translers oW
Total other financing sources and uses and special items
Net change In fund balances
Fund balances — beginning
Fund balances —ending
5 -
122,900A0
122,900.00
125, OOC.00
125.000.00
2.969,400.00
(5 2.632,300.00)
126571.10
119.672.12
119.672.12
1162560.17
6.108,oil .45
$ 5.219,679.56
Variance with
Final Budget -
Positive
(Negative)
(3.671 10)
5,321.88
5,39.88
1.789.126 51
1 789.126 51
1,790.783 29
(7,439-89)
8.108.011 45
S 7,911,97956
1 1 1 1 I l i i
1 i 1 f 1
1 i 1 1
t t
City of Cape Girardeau
Debt Service
Statement of Revenues, Expenditures, and Changes in Fund Balances
Budget and Actual
For the Year Ended June 30, 2005
Variance will
Final Budget
Budgeted Amounts
Positive
Original Final
Actual Amounts
(Negative)
REVENUES
Taxes
$ - $ -
$ 11,684.81
$ 11 E
Miscellaneous
27,42500 27425.00
27425.00
Investment revenue
17,52700 17.52700
25,173.21
7,
special respesments
33,31200 33.312.00
55.132.24
21,
Total revenues
78,264.00 78264.00
119.41526
41.
EXPENDITURES
Cunene
Debt Service
- 200.00
20.172.89
(19,f
- 20000
20,172.89
(19.f
,Debt service_
Administrative charges
- 7,50000
7.439.24
Interest
214,958.00 220,24802
220.312B4
Principal
306,400.00 797.400.00
797,400.00
521 358.00 1,025,148.02
1,025,151.88
Total expenditures
521,358.00 1025.34802
1,045,32477
(19.`
Excess(defiaency) of revenues
over(undcr) expendltums
f443, 094.00) (947,08402)
(925909.51)
21.
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Trar lersin
387,103.00 387,183.00
387,182.40
Bond orders
- -
491,000.00
491
Total other financing sources and uses and special Items
387.183.00 387,183.00
878,10240
490
Net change In fund balances
(55,911.00) (559,901.02)
(47,727.11)
512
Fund balances —b ylonloy
421.346.91 421,346.91
421,346.91
Fund bounces—endmy
$ 365,435.91 IS 138.55411)
$ 373,619.80
$ 512
1 I 1 1 1 1 1 11 1 1 1 1 1 1 1 1 1 i 1
City of Cape Girardeau
General Capital Improvements
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
Far the Year Ended June 30. 2005
Variance with
Budgeted Amounts
Final Budget-
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Intergovernmental
$ 2954,880.00
$ 2.954.880.00
$ 345),262.39
$ 50230239
Investment revenue
1]06.33
1708.33
TOLi.... nu,
2,954,88000
2,954.88000
3,458,97072
504,090.]2
EXPENDITURES
Current
Adm,,,do Ove
8].73
(87.73)
-
-
8773
(8]. i..?
Debt service.
Interest
-
-
983.0]
(983.07)
J
-
-
983.07
(983.07)
Capital outlay
Capital Improvement Projects
3.11(1.40000
3,540,400.00
3.642,25224
(101,852.24)
3.110.40000
3,54040000
3,642,25224
(101,852.24)
Total expe,cf,cs
3,110.40000
3.54040000
3.643,323.04
(102,923.04)
Excess (deficiency) of revenues
over(undep expenditures
(155, 520 DO)
(585.520. DO)
(184,35232)
401167.68
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers In
15552.00
177,020 00
177,020 00
-
TotAotherllnanungsourcesandusesandspecialltems
155,520.00
177.02020
177.020-00
-
Net change In fund bala.ws
-
(408.50000)
(],332.32)
401,16768
Fund balances—beginning
208,088.14
200,000-14
208,088-14
-
Prior period adluslmnnt
(11,267.15)
Fund balances — ending
$ 208,088.14
($ 200,411.86)
$ 189,49867
5 401.16768
I 1 1 i i I a 1 I 1 I 1 1 1 i Y i i 1
CITY OF CAPE GIRARDE\U. MISSOURI
Schedule ofPundinv Proeress
June 30, 2005
(b) (b -a)
[(b-a)/c)]
(a)
Entry Age Unfunded
(c)
UAL as a
Actuarial
Actuarial
Actuarial Accrued (a/b)
Annual
Percentage of
Valuation
Value
Accrued Liability Funded
Covered
Covered
Date
Of Assets
Liability (UAL) Ratio
Payroll
Payroll
2/28/3003
T-
S 2? 568,671 S (3,001,242) 113%
S 10,807,486
2/29/2004
26,126,591
23,085,756 (3,040,835) L13%
10,538,630
2/28/2005
27,919,192
25,271,028 (2,648,164) 1109/.
11,349,845
See Independent Auditor's Report
NONMAJOR FOND FINANCIAL STATEMENTS
I 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, 2005
Budgeted Amounts
Original Final Actual Amounts
REVENUES
Investment revenue --
Total revenues
EXPENDITURES
Total expendilures -
Excess (da0cienq) of revenues
over (under) expenditures
OTHER FINANCING SOURCES (USES( AND SPECIAL ITEMS
Total other financing sources and uses and special Items
J Net change in fund balances -
Fund balances beginning 534.07
Fund balances — ending $ 534.07
1517
$ 534.07 S 549.24
Variance with
Final Budget -
Positive
(Negative)
$ 15.17
15.17
to 1
$ 15.17
I 1 1 1 1 1 f 1 1 i ► 1 1 1 ► f i i i
City of Cape Girardeau
Vision 2000
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2005
Variance with
Final Budget -
Positive
(Negative)
S 40000
11 11
(741 40)
(245.37)
($ 245 37)
Original
Final
Actual Amounts
REVENUES
Miscellaneeus
5 -
S -
$ 400.00
InvesMent revenue
-
-
96.03
Total mvenues
-
-
496.03
EXPENDITURES
Ci -pent
Development Services
1,000 00
1,00000
1,741 40
100000
1,000 00
1 741 40
Total expenditures
1,000 00
1 00000
1,]41 40
Excess(deficiency) of revenues
over funder) expenditures
(1,60e00)
(1000 00)
(1 245
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers in
1,000 00
1.000.00
1,000.00
Total uther financing sources and uses and special Items
1,000.00
1,000,00
1,000.00
Net change In fund balances
-
-
(245.37)
Fund balances --beginning
3.180.03
3180.83
3;180.83
Fund balances —ending
$ 3.180.83
$ 3,18083
$ 2,93546
Variance with
Final Budget -
Positive
(Negative)
S 40000
11 11
(741 40)
(245.37)
($ 245 37)
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, 2005
Variance with
Budgeted Amounts
Final Budget -
Positive
Original Final
Actual Amounts
(Negative)
REVENUES
Taxes
$ 131],000.00 $ 1,317.000.00
$ 1,32147723
S 4,47723
Miscellaneous
- -
3,60000
3.600.00
Investment revenue
18,]5000 18,75000
30,966.74
121:674
Total revenues
1,335.750 01 1,335 750.00
1.35604397
20.293 97
EXPENDITURES
Current'.
Administrative
1 050,025.00 1,187,642.00
1 072,17609
115,465.91
1,050.02500 1,187,642 00
1072,176.09
115,465 91
Capital outlay
Adminlstra6ve
- -
244,34
(244.34)
-
24434
(244.34)
Total expenditures
1,050.025.00 1.187,642 00
1,072,420 43
115,22157
Excess (deficiency)of-eaces,
over (under) espeadllums
285.725 00 148,108.00
283,623.54
135.515.54
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and uses antl spedal items
Net change In fund balances
285.725.00 148,108.00
283.623.54
135,515.54
Fund balances —beginning
1,091,962.82 1,091,962.82
1,091,96282
-
Fund balances —ending
$ 1,377,687.82 S 1.240,07082
$ 1,375,586 36
$ 135.515.54
I 1 i 1 i 1 1 1 i 1 1 1 i 1 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. 2005
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Taxes
$
20,000.00
$ 20.00000
$ 19,225.36
.S (77464)
investment revenue
-
-
1.18137
1,18].37
Total revenues
20,000.0n
20000.00
20412]3
41273
EXPENDITURES
C"m'd
Developmenl5arvices
30000
23,500.00
24.615.38
(1.11530)
300.00
23,500.00
24,615.38
(1,11538)
Capital outlay
Development Services
19,700.00
19,700.00
-
19,70000
—
19700.00
19.700.00
-
19.70000
Total expenditures
20,000.00
43.20000
24.61538
18,58462
E=cess fdeficiency)of revenues
over (under) expendltwgs
(23,200.00)
(4,20265)
10.99735
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total olhcr fmancin9 sources and uses and special items
Net change In fund balances
-
(23.200.00)
(4,20265)
18.997 35
Fond balances --beginning
43,44322
43,44322
43443.22
-
Fundbalances—ending
$
43,44322
$ 20,243.22
$ 39.240.57
S 18,98735
I f 1 i 1 1 i 1 1 1 1 i 1 1 l 1 i 1 1
Variance with
Final Budget -
Positive
(Negative)
$ (36.35)
3.010 00
1,571 09
4,075.65
8,620 39
11.141 95
,36 72)
11.105.23
19725ED
19,725 fit
$ 19.725.62
City of Cape Girardeau
Health
Statement of Revenues,
Expenditures, and Changes in Fund Balances
- Budget and Actual
For the Year Ended June
30, 2005
Budgeted Amounts
Orig'mal
Final
Actual Amounts
REVENUES
Thr,,
$
254.68000
$ 254,680 00
$
254,643.65
uceoses 5 pornins
4.500.00
4.500.00
],510.00
lntergovernei
6,125.00
6.12500
7.696.09
Investment raven.
5,600.00
5.600.00
9,675-65
Total revenues
270.90500
270,905.00
279,52539
EXPENDITURES
Current
Public Safety
279,905.00
275,452.12
264,31017
270,905.00
275,452.12
264310.17
W
—Capital crU.'
Public Satet,
-
36.72
-
36.72
Total 1xpendru,
270.905 00
275.452 12
264,346 89
Excess (deLc..... of unseen.,
ovn,(undo,) expenditures
(4.54712)
15,178.50
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and uses and special Items
Net change in fund balances
-
(4,547.12)
15.178 50
Fund balances -beginning
317.39096
317,39896
317 390 96
Fund balances—endmg
$
317,390.96
5 312,843.84
5
332.569.46
Variance with
Final Budget -
Positive
(Negative)
$ (36.35)
3.010 00
1,571 09
4,075.65
8,620 39
11.141 95
,36 72)
11.105.23
19725ED
19,725 fit
$ 19.725.62
a I t k a k I I a i I k r k d i I i k
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, 2005
Variance with
Budget -
Budgeted AmountsFinal
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Intergovemmento
$ 1,430,000.00
$ 1.430.000.00
$ 1,481,75E, 56
$ 5175556
Investment revenue
10,000.00
10,000.00
34,09544
24,09544
Total ravgnues
1440.00000
1,440 000 00
1,515,851 00
75,05100
EXPENDITURES
Cmr,,,t
Puhl,Works
-
-
429500
(4,295.00)
-
-
4.295 00
(4.295 00)
ca"NI oallay
Capital Improvement Projects
100,000.00
440.000.00
395,556.60
44,44140
i
100.00000
440,000.00
395556.60
4444340
Total expenditures
100.000.00
440,000.00
399,851.60
40,14840
Excess(deficiency) of revenues
over(ander) expendc,o,
1,340 000 00
1,000.000.00
1,115.99940
115,99940
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers out
(1.612,420.00)
(1.633,920.00)
(1.633.92000)
Total other financing sources and uses and specialderrs
(1.612,420.00)
(1.633,92D 00)
(1,633,920.00)
-
Net change in fund balances
(272,420.00)
(633,920.00)
(517,920-60)
115,999.40
Fund balances—nuounln9
739 776 94
739776.94
739,776.94
-
Fundbalances—ending
5 467,356.94
S 105,056.94
$ 221,856.34
$ 115.999.40
I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i i i
City of Cape Girardeau
Capital Improvement Sales Tax-Flogd Control
Statement of Revenues, Expenditures, and Changes in Fund Balances- Budget and Actual
For the Year Ended June 30, 2005
Budgeted Amounts
Original Final Actual Amounts
REVENUES
enlergoaemmental
Investment revenue
Total reveimes
EXPENDITURES
Current
Public Works
Capital outlay:
Capital lniprovement Projects
r
Total expenditures
Fxoess (deficiency) of revenu.s
over (under) expenditures
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and uses and special items
Net change in fund balances
Fund balances—beginning
Fund haiances—ending
461,961.]0
5 461.961 70
(320 000 CO)
$ 141.961.]0
144.837]1
14500
(168,819]1)
461r961 ]0
$ 293.141 99
Variance with
Final Budget -
Positive
(Negative)
5 95 433 00
(145.00)
151,180 29
$ 151,180.29
i i f 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 i
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, 3005
axes 943 .50 .0
Original
Final
65.300
REVENUES
00
Total revenues
2.009.050.00
T5
1 ] C
2.009.050.00
80,37500
709,79200
1,600,16700
1, 600,167 L0
408.803 DD
30.000 00
(438,803.001
(408.083.00)
2,547,939.65
$ 2.547,939.65
Actual Amounts
$ 2.026.853 20
91,944 25
2.118.797.45
68,196 25
768,471 04
310,000.00
1,646.667.29
1,646.66729
25,755.52
(438.393 00)
(412.637 48)
59,492.60
$ 2607,432.33
Variance with
Final Budget
Positive
(Negative)
$ 83.103.20
26.644 25
109,T47.45
12,173.75
150 6790,1)
(17D4 43)
$ 59.492.60
Investment revenue
65.300
00
Total revenues
2.009.050.00
EXPENDITURES
Debt setvlc..
Administm0ve chances
00
375
DO
Interest
709.702.00
Principal
316.000.00
1,600.16700
as
_ Total expenditures
1,600,16700
Excess deficiency) of revenues
over (under) expenditures
408,883.00
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers In
30,000.00
Transfers out
1438,883_00)
Total other financing sources and uses and special items
(408.883.00)
Net change In fund balances
-
Foo d balances — be9mnln9
2.547
939
65
Fund balances —cnde,
$ 2547.939.65
2.009.050.00
80,37500
709,79200
1,600,16700
1, 600,167 L0
408.803 DD
30.000 00
(438,803.001
(408.083.00)
2,547,939.65
$ 2.547,939.65
Actual Amounts
$ 2.026.853 20
91,944 25
2.118.797.45
68,196 25
768,471 04
310,000.00
1,646.667.29
1,646.66729
25,755.52
(438.393 00)
(412.637 48)
59,492.60
$ 2607,432.33
Variance with
Final Budget
Positive
(Negative)
$ 83.103.20
26.644 25
109,T47.45
12,173.75
150 6790,1)
(17D4 43)
$ 59.492.60
1 1 1 1 1 1 i
1 1 1 1 1 1
1 f Ir
1 1 1
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, 2005
Variance with
Budgeted Amounts
Final Budget-
positive
Original Final
Actual Amounts
(Negative)
REVENUES
Taxea
S 1,943.]50.00 5 1943.750.60
S 2026]6].15
$ 83.61].15
brvesppent revenue
14050 C0 14,50.00
9.56025
14,489.751
Total revenues
1957,80000 1,95].800.00
2.036.32740
78.52240
E%PENDI TURES
Total expenditures
-
-
-
Excess(deficieneyl 0f revenges
pver(unde,)eapend.Whas
1,957800.00 195].800.00
2,036,327.40
]0,52110
vc
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers out
(2,057895.06) 12.057,895.001
(2037.883.97)
20.011.03
Total ether financing sources and uses and special pens
(2,057.895.00) (2057.895.001
(2,037.88397)
20.01103
Net chon, (fund balances
(16609500) (100.095.001
(1,5569)
98.538.43
Fund balance_v—beginning
740,190.40 740,190 40
740.19040
-
Fundbalances—ending
$ 640 09540 S 640'09540
$ 738.633-83
$ 98.538.43
I 1 1 1 1 / i 1 i 1 1 1 1 1 1 1 1 1 Y
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, 2005
Variance with
Final Budget -
Budgeted Amounts
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
rvestment revenue
$
40,480.00
$ 48.480.00
$ )1)3581
$ 2325581
Spadalassessmons
123.000.00
123.000.00
240.21221
11721221
Total revenues
171.480.00
171480.00
311948D2
140.46802
EXPENDITURES
Debt service_
Administrative cbargcs
2500.00
250000
-
2500.00
Interest
43.480.00
43480.00
43.480.50
10.50)
Prinupal
123,000.00
123,000.00
123,000 00
168.980.00
168,95ol 00
166,480.50
2.499 50
C' Capital ou0ay:
Capital linpro,nout Projects
-
940 00
111,623.66
(21,623 661
-
90.000.00
111,62366
121.623601
Total expenditures
168.980.00
258.98800
278.104.16
(19.124.161
-e ov (de0ciencyl at revenues
over(under) expenditures
2,500.00
(87.100)
3384386
121.343.06
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total older financing sources and uses and special Items
-
Not orange In fund balances
250C 00
(07,500.00)
33.843 86
121.343 86
Rind prison, -beginning
622.95718
621957 18
62295718
-
Poor period adlusbnent
-
(3,496.37)
Fund balances—odp,
$
625,45718
3 535,45718
$ 653304.67
$ 12134386
1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 f 1 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, 2005
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Intergovernmental
$ -
$ _
$ 1396.50
5 1.396.50
InvesOnenl revenue
-
-
3254739
32,54].39
Special a ssessmo."
-
-
15,15062
15.160.62
Total revenues
-
-
49,094.51
49.094 sl
EXPENDITURES
Capital outlay:
Capital Improvement Projects
748,600.00
74660000
615,70003
132,89997
748,600.00
748,600.00
615,]00.03
132,899.97
Total ii....
748,60000
708,600.00
615,700.03
132,899.97
do
J Excess l defietency) of revenues
ever(rnder) rrg1,ditures
1748.600-001
(748600 00,
(566.605.52)
18199448
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers.,
362.900.00
362.900.00
197,600.00
(165,300.00)
Total other financing sources and uses and special rums
362.900.00
362,900.00
197,60000
-(165 300 OU)
Net change In turd balances
(385 70000)
(385.70000)
(369.00552)
16,69448
Funtl balances—beymniny
850]52 07
850,752.07
850,75207
Fundbalanws—ending
$ 465.052.07
$ 465,05207
$ 48174655
$ 16.69448
I 1 1 1 1 1 ► 1 1 1 1 t ► ► 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, 2005
Budgeted Amounts
Original Final Actual Amounts
REVENUES
nrergwernnton al $ - $ If 475221 12
Investment revenue
_
Total revenues
EXPENDITURES
Capital outlay
Capital Improvement Popish,
9.000.00
9.000 00
Total expenditures
9.000.00
Fever, befitleocy) of revenues
se over hall expenditures
(9,000 00)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers m
9,00000
Total other rtnanGg9 sources and uses and speaal Items
9.000.00
Net change in fund balances
_
Fund balances — be.inniny
(79,977 28)
Fund balances —ending
($ 79,97728)
524,000.00
1oicAVuov)
(79.977.28)
1$ 594.97728)
511,307.66
(30.555.00)
174,300.00
174,300.00
143 745.00
(79,977.28)
$ 63,767 72
Variance with
Final Budget
-
Positiv
(Negative)
475/221.12
5.531.54
480,752,66
12.69234
$ 658 745.00
I 1 1 1 i 1
/ 1 i i 1
1 1
1
1 1 1
City of Cape Girardeau
Community Development Black Grant Projects
Statement of Revenues,
Expenditures, and Changes in Fund Balances-
Budget and Actual
For the Vear Ended June 30, 2005
Variance with
Budgeted Amounts
Final Budget -
Posltive
Original Final
Actual Amounts
(Negative)
REVENUES
ntergovemmental
$ - c _
5
290.67821
$ 290,678.21
n.eslmeut revenue
- -
2.196.93
2,196.93
Total revenues
- -
292,875.14
292,8)5.14
EXPENDITURES
Current
Development Services
- 365.000.00
159,592.90
20.123.08
- 365.000.00
159.59290
20.12358
Debt service.
Interest
- -
729.29
(729291
- -
72929
029.29)
Capital outlay:
Camlal l mprovernent Prn],ls
- -
17373176
6.55226
-
178,]31-]6
6.552.26
Total ex,nd tures
- 365 00000
339,053.95
25 946.05
Excess ldeLnenry) of revenues
over (under) expenditures
1365,000.00)
(46,178.81)
318.821.19
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers in
25.000.00 25,00000
3,835-13
(21,16487)
Total other fmancno sources antl uses and special gems
25000 00 25 000.00
3.835-13
(21.164 87)
Net change In fund balances
25,000.00 (340,00000)
(42.343.68)
297,656.32
Fund balance,—beginning
90761.85 90761.85
90761.85
-
Fundbalancev—ending
$ 115761.85 ($ 249.238.15)
S
48418.17
S 297,656.32
1 i 1 1 1 / 1 i Y 1 1 l 1 i 1 1 1 1 1
City of Cape Girardeau
FAD Grant Projects
Statement of Revenues, Expenditures, and Changes in Fund Balances . Budget and Actual
For the Year Ended June 30. 2005
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
nvestment revetme
$10,000.00
510.000.00
$10,290.79
$290.79
Miscellaneous revenue
-
-
10,665.00
10.665.00
Total revenues
10000.00
10000.00
20,955.79
10.955.79
EXPENDITURES
Capital outlay
Capital l Miresenent Projects
-
-
-
-
Total expenditures
-
-
-
Excess (deficiency) of revenues
,p over (under) expenditures
0
10,000.00
10,000.00
20,95579
10,95579
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and uses and special Items
Nel change', fund balances
10.000.00
10,000.00
20.95579
10.95579
Fund balances --beginning
401568.64
401568.04
401,568.64
-
Fundbalances— ending
$7 411,568-64
$ 411,568.64
$ 422,524.43
$ 10,95519
1 1 1 1 1 1 1 1 ! i 1 f f 1 M f 1 1 Y
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. 2005
Variance with
8utlgetetl Amounts
Final Budget -
Positive
Original Final
Actual Amounts
(Negative)
REVENUES
Inicstment revenue
S - $ -
$ 36406
$ 364.06
Total revenues
-
364.06
364 06
EXPENDITURES
Capital outlay,
Capital lrnprovement Projects
- -
109,441.97
(108,441.97)
-
108,441.97
(108,441.97)
Tidal expenditures
- -
108.441.9)
(108,441.97)
Excess (deficiertoy) of revenues
aver under) expenditures
(108,07791)
(1080]7911
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and uses and special Items
Net change In fund balances
- -
(108,07791)
(108,077.91)
Fund balances — beginning
132,079.93 132.079.93
132.079.93
-
Fundbalanres -- ending
g 132079-93 $ 132,079.93
$ 2400202
Ts -108,077 91 r
► ► ► ► ► 1 ! 1 1 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, 2005
Budgeted Amounts
Original Final Actual Amounts
REVENUES
Taxes S - $ - $ 132].306.89
nvestnent revenue
Total revenues
EXPENDITURES
Current
Unallorated expenses
Total exyendiWres
Excess (d re111y) Of .venues
over tun(Jer)exponditures
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers Out
Total other Ilnancing sources and uses and special his
Net change it fund balances
Fund balances — beyinning
Funtl balances—ending
Y
1
f Tl 7M00 00i
(1 170.000.00)
(7,170,000 00)
($ 1,1]0,00000)
198 34
1,327,505.23
(1,162,560.11)
(1,162 560 11)
164,94512
$ 164,945.12
Variance with
Final Budget -
Pgsitive
(Negative)
$ 1,32],30689
198.34
1,327 5U5 23
1,43989
439.89
1,334.945 12
$ 1334,945.12
I 1 t ► 1 1 1 i ► 1 i i 1 ► ► i 1 ► i
City of Cape Girardeau
Sewer
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30. 2005
Variance with
Budgeted Amounts
Final Budget -
Positive
Orininal
Final
Actual Amounts
(Negative)
REVENUES
Intergovernmental
5 130.06000
$ -
5 40].55523
3 407,55523
Residential charges
1.51000000
1, E10,000.00
1.538.09665
28,096.65
Commerc+al d.arges
980,000 on
900.000.00
93f1.082.61
(49.917.39)
Other fees and charycs
48,00600
48,000.00
4144844
(6.551.56)
Miscellaneous
18.000.00
10.000.60
18,935.25
73525
Gain from sale of asset
6499500
64,995.00
6013500
p1.800.00)
Total revenues
2750995.00
2,620,995.00
2.996,053 18
375.050.10
EXPENDITURES
Current.
Contractual services
194,014.00
191.87190
124.18902
67.68198
General gperabng expenses
37.025.00
37,025.00
38.156 31
(33'.31)
Internal service expense
135.184.00
135,184.00
113,968.75
2121525
Material and supplies
276,860.00
277.215.87
274,550.14
2,66573
Personnel services
1203,648.00
1.253,653 IF
1,258.653.00
(4999.90)
Special projects expense
38.900.90
37.69025
37,890.22
0.03
1.886,431.00
1933.439.22
1, 047,207 A4
86,23173
Debt service_
Administrative Ciarges
159.243 00
159.24300
156.590.01
2,652.99
Interest
415.14200
415,142 DO
9.80394
405,338.06
Principal
1.818.14000
2022.14000
2,444724.99
(422,58499)
2392.525.06
2596.52500
2,611118.94
(14.59394)
Capital outlay
Capital Improvement Projects
444.300.00
1354,726.00
1.30989588
45.330.12
Equipment
391.300.00
400 391 88
40178179
(1,389.91)
Other Capital Expenditures
250.000.00
214.879.00
224,61607
(9,737.07)
1085.60060
1,969,996.08
1,935]93]4
34,203.14
Total expenditures
5.36455600
6,499961 10
6.394.120.12
105,840.98
Excess(deforprcy) of revenues
over (under) expenditures
(2, 613,561.OU1
(3870,96610)
(3.398.06694)
480,899 IT
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Contributed cap-governmoot
-
130000.00
127,082.75
(2,917.25)
Transfers In
2.057,095.00
2057.895.00
2.037,083.97
(20,011.63)
vestment revenue
27,3)0.00
27300.00
308.47592
201.17592
Connection fees
125000.00
125.00000
195.740.00
76,740.00
Special assessments
10,300.00
18,300.00
5265329
34.35329
ToDul other torr Ing sources and uses and special Items
2.228,495.00
2.358,495.00
2.721,835.93
363.340-93
Net pan, In fund Moho...
(385.066.001
It 520.471.101
(676,231.011
844240 D9
.-und balancer — beginning
3721,440.05
3721,44095
372144005
Find balancers—ending
5 3 33
. 37, 4 .05
5 220096896
$ 3 645 209 04$
84421099
I ! 1 f f f f 1 1 1 { 1 { 1 f 1 1 1 f
City of Cape Girardeau
Water
Statement of Revenues, Expenditures, and Changes in Fund Balances- Budget and Actual
For the Year Ended June 30. 2005
Variance with
Budgeted Amounts
Final Budget -
Pgsitive
Original
Final
Actual Amounts
(Negative)
REVENUES
Intergovernmental
5
S -
$ 239-39¢.28
If 239.390.28
Residential charges
2.864.300.00
2064.300.00
2,949 22592
84925.92
Com morcial chargee
2,2C1 600 00
2201,600.00
2,040713.59
(160.88941)
Otderfees and charges
148.000.00
146.000 00
189.58071
41.56071
MlscNlaneou,
12.500.00
1250000
15,41795
2.917.95
Total revenues
5.226,400.00
5.226,40000
5,434,32945
20].92845
EXPENDITURES
Cue enO
Contractual services
3.049,063.00
3.053.583.00
3,108 34023
(54,75].23)
General operating expenses
15120000
151 20000
178.031.27
(26.831.21)
Into ntat service expense
36,96100
38,961.00
43,47364
(4512.64)
Matedai and supplies
412,510.60
413,973.00
460.42663
(46.45363)
Personnel sorvicos
96$5300
102.47833
115,57576
(13,097,43)
Special protea, expense
65.010.00
65,000.00
4673143
16,268.57
L
3.81530200
3.825.195.33
3952 57B 96
(127.38363)
Debt service:
Administrative charges
1,900.00
190000
73150
1,168.50
Interest
473.190.00
171790
473784.99
5.01
Principal
775,620.00
115.620.00
775.61253
247
1251,310.00
1 251 310 00
1,250,13402
1 175.98
Capital outlay:
Capital Improvement Pmlects
-
125,00000
199,87878
(74,878 78)
Equipment
320,59500
353,632.00
321,390.90
32,241.10
Cher Capital Expenditures
86,574.19
(88,574.19)
320.595.00
478.632.00
609,843.87
(131,211.81)
Total expenditures
5,357,212.00
5,555.137.33
5,812,556.85
(251.41952)
Excess (deficiency) of revenues
over (under) expenditures
/160812001
028731.334
(310.22840)
(49,491 07r
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers In
120,000. oO
120.000 00
120,00000
Invostment is orame
97,680.00
97.68000
130,1672
32.18123
Specal assessncre,
3.94000
3,940.00
1072266
6.78266
Asset disposition
10.950.00
10.95000
15,440.00
(3510.00)
Total other fmancing sources and uses and special Items
240.57000
240.570.00
276 329 89
3575989
co" change In fund balonces
79.758.00
(88 167
Oc 1,898.51)
(13731.18)
Fund belances -- beginning
4.281,044.63
4,201,044.63
4281,044.63
-
Priorpefiud odprstmenl
(14.94213)
Fund balonces—ending
$ 4360.80263
5 4.192.87730
$4.164.1 U8. UU
($ 13]31.181
1
1 1 1
1 i
1
1 1 f
City
of Cape Girardeau
Solid Waste
Statement of
Revenues, Expenditures,
and Changes in Fund Balances
- Budget and Actual
For the Year
Ended June 30. 2005
Variance with
Final Budget -
Budgeted Amounts
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Intergovernmental
S
-
$ -
$ 6566.07
S 6,56
Residential charges
1,75100000
1,75100000
1,784,89544
33,8f
Commercial charges
25.500.00
25.500.00
26,31042
8'
Transfer station charges
715000.00
715.000.00
638,941.90
(76.05
Other fees and charges
79.700
00
79,700.00
78,80].17
(89
Miscellaneous
26.250.00
26.250.00
37.306.63
11 M
Total revenues
2,597
450.00
2,597,450.00
2r572,827
63
(24 62
EXPENDITURES
Current
Contractual services
961,529.00
977,189.00
898.406.99
787E
General operating expenses
38,67800
39,198.00
40,642.71
(1,44
mtemal service expanse
160,032.00
160,032.00
159,134
84
8'
-� Material and sugplies
00,277.00
83,447.00
90,977.94
(7,53
Personnel services
1,074,359.00
1,116,027.34
1,041,46204
74,5(
Speciai projects expense
09,875.00
84,453.00
82428.57
2.0:
2,412750.00
2,460,346.34
2,313
353
09
147,2!
Debt service:
Administrative charges
70000
700.00
-
7s
Interest
27,675.00
27.675.00
30,246.05
(257
Principal
34,84000
34840.00
34,040.64
63,215.00
63215.00
65.006.6)
(1,87
Capital outlay
Equipment
251,320.00
253,392.00
266.975.00
(13,58
Other Capital Expenditures
2800.00
2,80000
48,85500
(46.05
254,120.00
25R 192
315,83000
(59,63
Total expenditures
2730,085.00
2779,753.34
2,693,969.78
85,71
Excess (deficiency) of revenues
Over (Linder) expenditures
(13263500)
(182,303 34)
(121.142.15)
61,11
OTHER FINANCING SOURCES (USES) AND
SPECIAL ITEMS
Intergovernmental
1500000
15.000.00
1.03049
(13 96
nvesiment revenue
23,750.00
23]50.00
34244.09
10,41.
Asset disposition
7000.00
]C0000
16.000.00
901
Total other financing sources arid uses and
special Items
45.750
00
45750 00
51.284
38
5.5,
Net change In fund balances
(86.885.00)
(136,553.34)
(69.857.77)
66,6'.
Fund balancesbeginning917982.10
917,982.10
917.982.10
Fund balance,—ending
$ 831,097.10
5 781,42876
S 848.124.33
$ 66,6l
Y ( 1 I 1 i 1
1
i
Y
1 1 1
1 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, 2005
Variance with
Budgeted
Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Userfeas
$
418.835.00
$ 418,835.00
$ 414.61720
$ (4,21].80)
Concession revenues
66.000.00
66,000.00
71.29218
5,292.18
Eq noon ent sal es
7.000.00
7,000.00
8,61540
1,61540
Miscellaneous
-
-
3.417,80
3,417.80
Total revenues
491 835.00
491.835.00
497,942.58
6.107.58
EXPENDITURES
Current:
Contractual services
21,785.00
22,235.00
33,037.03
(1080203)
General operating expenses
48.775.00
49,075.00
53.881.73
(4,806.73)
Internal service expense
58.030.00
66.030.00
61,414
43
4,515.57
Material and supplies
52,14700
49.99700
54,230
80
(4.233.00)
., Personnel services
282,352.00
293.681.91
260,913.93
32,767.98
Special projects expense
6.700.00
6.700.00
7,164.05
(464.05)
469,789.00
487,718.91
470,641.97
17,076.94
Debtservice-
Interest
17,410.00
17.410.00
17,655.60
(245.60)
Principal
19,855.00
19.855.00
19,856.10
(1.10)
37,265.00
37,265.00
37,511.70
(246.70)
Capital outlay
Equipment
-
15,90000
26,528.12
(10,628.12)
-
15,90000
26,52812
(10,62812)
Total expenditures
507054.00
540,88391
534,681]9
6,202.12
Excess (deficiency) of revenues
over (under) expenditures
(15.219.00
(49,048.91)
(36.73921)
12,30970
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfersln
14,719.00
23,34891
23,348.91
-
Investmentrevenue
500.00
50000
1439.86
93986
Total other financing sources and uses and special Items
15219.00
23,848.91
24,788.77
939.86
Net change In fund balances
-
(25,200.00)
(1195044)
13,249.56
Fund balances beginning
19.660.14
19,66014
19,660.14
-
Fundbalances—enddng
$
19.66014
($ 5,539.86)
$ 7,709]0
-T-13 249.56
1 { 1 1 1 I
i
i 1 1
1 1
1
1 1
1
1 i 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, 2005
Variance with
Final Budget -
Budgeted Amounts
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
User fees
$ 65,000.00
$ 65.000.00
$ 67,456.13
$ 2,4E
Concession revenues
74,000.00
74000.00
82674.69
S'Eu
Equipment sales
12.000.00
12.000.00
7.673.30
(4.32
Miscellaneous
4,250.00
4,250.00
4,949.86
6',
Total revenues
155,250.00
155,250.00
162,753.98
7.5(
EXPENDITURES
Current:
Contractual services
16,334.00
15.334.00
19.294.16
(3.96
General operating expenses
50.053.00
53,053.00
61,329.15
(8,27
Internal service expense
23504.00
23,504.00
21,667.32
1 S
Material and supplies
55422.00
55.022.00
49,79548
5.2:
Personnel services
241.348.00
255,707.78
260,739.80
(5,03
Special projects expense
9.180.00
9,18000
7,47920
1]I
395.041.66
411,800.78
420,30527
(8,50
Debt service_
Interest
4.75000
4,750.00
5,48513
(73
4,750.00
4,75000
5485.13
(73
Capital outlay-
Equipment
-
1,400
00
2 ]79.00
(1.37
-
1,400.00
2,779.00
(1,37
Total expenditures
400,591.00
417,950.78
428,56946
(10,61
Excess (deficiency) of revenues
over (under) expenditures
(245,341.00)
(262,700.78)
(265.816.42)
(3,11
OTHER FINANCING SOURCES (USES) AND
SPECIAL ITEMS
Transfers Ia
244,216.00
265,375.78
265.375.78
investment revenue
1,12500
1,125.00
716.54
(4C
Total other financing sources and ,as and
special items
245,34100
266.50078
266.092.32
(4C
Net change In fund balances
-
3,800.00
9690
(3,52
Fund balancesbeginning9,264.99
9,264.99
9,264.99
Fund balancesended$
9,264-99
$ 13,064.99
$ 9,54189
($ 3.52
I 1 1 1 1 I i 1 Y 1 1 1 1 1 1 i 1 i If
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, 2005
Variance with
Final Budget -
Positive
(Negative)
$
4.902.00
4,902.00
(13,454 85)
5.015.22
2,981.55
469.08
(2.989.00)
(20 44)
(1,264.01)
(1264 01)
(4,27345)
628.55
(1,336-00)
(1,33500)
(]0145)
($ ]01451
Criminal
Final
Actual Amounts
REVENUES
nternal charges
S
318,192.00
$ 318.192.00
$ 318,192.00
Miscellaneous
-
-
4,902.00
Total revenues
310,192.00
318.192.00
323.094.00
EXPENDITURES
Currant
Contractual services
]0,]46.00
]3,]46.00
8],200.85
General operating expenses
5,145.00
5.145.00
12978
Material and supplies
20250.00
16,982.00
14,000.45
Personnel services
101,]]5.00
103r785 46
101,316.38
�
19],916.00
199.658.46
20264746
Debt service_
Interest
-
-
20.44
0 44
Capital outlay
Equipment
122,500.00
137.418.00
138,682 01
122,500.00
137418 00
138,682.01
Total expenditures
320,4111
33],0]6.46
341,349.91
Excess (deficiency) of revenues
over (under) expenditures
(2,224 00)
(18.884.46)
(18255 91)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Investment revenue
1,80800
1,808.00
4]2.00
Total other lioanang sources and uses and special Items
1,808.00
180800
4]2.00
Net change In fund balances
(416-00)
(1],0]6,46)
(1],]83.91)
Fund balances -- beginning
6],06].90
6].06].90
57,067.90
Fund balance.—ending
S
65651.90
$ 49,99144
$ 49.283.99
Variance with
Final Budget -
Positive
(Negative)
$
4.902.00
4,902.00
(13,454 85)
5.015.22
2,981.55
469.08
(2.989.00)
(20 44)
(1,264.01)
(1264 01)
(4,27345)
628.55
(1,336-00)
(1,33500)
(]0145)
($ ]01451
1 1 1 1 1 1 1 1 1 1 It 1 II 1 1 i 1 t i
City of Cape Girardeau
Fleet Management
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30. 2005
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Internal charges
$ 1,016.06800
5 1,p1fl088.00
$ 940,509.66
5 (75558.34)
Toal revenues
1.016,068 00
1,016,068.00
940,50966
(75.558.34)
EXPENDITURES
Current
Conimctual services
140.859.00
142,189.00
188,056.84
(46.667.84)
General operating expenses
2,300.00
2,300.00
1,720.93
57907
Internal service expense
2.322.00
2,322.00
2,322.00
-
Materialandsupplies
292,776.00
298,876.00
262 19743
36,678.57
Personnel services
558.745.00
582,195.88
544,081.51
38,11437
of
`C
997,002.00
1,027,882.88
999,178.71
28,704.17
Capital outlay.
Equipment
9,000.00
16970.00
17,179.17
(209.17)
Other Capital Expenditures
14,500.00
(900.00)
-
(900.00)
23,500.00
16,070.00
17,179-17
(1,10917)
Total expenditures
1,020,502.00
1.043 95288
1,016,357 88
27,595.00
Excess (deficiency) of revenues
over(under; expenditures
(4,434.00)
(27,884.88)
(75,84822)
(47.963.34)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Investment revenue
3,932.00
3,93200
4,099.07
16707
Transfers out
(28,23300)
(28,233.00)
(28.232.50)
0.50
Total other financing sources and uses and special items
(24,30100)
(24,30100)
(24,133.43)
16757
Net changeln fund balances
(28,735.00)
(52.185.88)
(99,981.65)
(47,79577)
Fund balances -- beginning
176 031.96
176,031 96
176,031.96
-
Fundbalances— ending
$ 147,296.96
$ 123,846.08
$ 76,050.31
(S 47,795.77)
A 1 1 i 1 1 i 1 1 1 1 1 1 1 i 1 1 1 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. 2005
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Internal charges
$ 2.455,880.00
5 2,455.880.00
$ 2,376845 90
$ (]9.034.10)
Total revenues
2,455.880.00
2455.880.00
2.376,845.90
(]9,034.10)
EXPENDITURES
Current.
Contractual services
2,352,000.00
2,352,000.00
2,102 965 28
249,034.72
235200C 00
2.352.000.00
2,102.965.28
249,034.]2
Total expenditures
2,352,000.00
2,352.000.00
2,102,965.28
249,034.72
Excess (deficency) of revenues
over (under) expenditures
103,880.00
103,880.00
2]3.880.62
170.000.62
C
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Investment revenue
6.250.00
6,250.00
8.71431
2,464.31
Thrusters cut
(114,1]5.00)
(114,1]5.00)
(114,175.00)
-
Totalother financing sources and uses and special Items
(10].925.00)
(10],925.00)
(105,460.69)
2,464.31
Net change In fund balances
(4,045.00)
(4.045.00)
168,41993
172464.93
Fund balances — beginning
(113,649 55)
(113.649.55)
(113649.55)
-
Fundbalances— ending
(5 11],69455)
($ 11],69455)
$ 54,]70.38
5 172464.93
I 1 f i 1 1 1 1 1 1 1 i 1 1 1 1 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, 2005
Budgeted Amounts
Original Final Actual Amounts
REVENUES
$ 347 500 00 c vav Fad nn 4 409 93R 75
Internal charges
-
Total revenues
347,500.00
EXPENDITURES
Current'.
Contractual services
35],000.00
General operating expenses
23.000
00
Material and supplies
5.000.00
385,000.00
Total expenditures
385.000.00
Excess(de(ciency) of revenues
over (under) expenditures
(37,500.00)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Investment revenue
37,500.00
Total other financing sources and uses and special Items
37,50000
Net change In fund balances
Fur it balancesbeginning1,042,924.30
Fund balances — ending
$ 1,042
924
30
45],000 00
23,000.00
5.00000
485,000.00
485,000.00
(137,500.00)
37.500.00
37,500.0C
(100.000 00)
1,042,924.30
S 942.924 30
58].312.55
44,755.68
as an, an
1, U4Z,929. JU
$ 860,28722
Variance with
Final Budget
Positive
(Negative)
5 62 43875
62,438.75
(130.312.55)
(21,755 68)
5.000 00
(147.068.23)
(147,068 231
(84,629.48)
992.40
1,992 40
(82,63708)
($ 82,63708)
I 1 I I f i 1 1 I 1 I 1 i I 1 1 1 I 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,
2005
Budgeted
Amounts
Original
Final
Actual Amounts
REVENUES
Internal charges
$ 433,586.00
S 433,586.00
$ 412,205,70
Total revenues
433,586.00
433
586.00
412,285.70
EXPENDITURES
Debt service,
Administrative charges
55000
550.00
Interest
4,750.00
4]50.00
10,744.68
Issuance cost
_
4,3fi8.12
Principal
30,000.00
30,000.00
387,695.16
35,30000
35,300.00
410.807.96
N Capital outlay
Equipment
229,630.00
229.630.00
114,744.79
229,630.00
229,630.00
114.744.79
Total expenditures
264,930-00
264.930.00
525r552
75
Excess (deficiency) of revenues
over (Linder) expenditures
168,656.00
168-656-00
(113,267.05)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Investment revenue
29,06000
29.06000
32,225.05
Bond proceeds
-
-
420,86440
advance repayments
27,930.00
27,930.00
27,931.83
Asset disposition
-
-
12,000.00
Total other financing sources and uses and special Items
56,990.00
56.990
00
493.021.28
Net change In fund balances
225,646,00
225.646.00
379754.23
Fund balances — beginning
853,295.12
853.295.12
853,295.12
Fund balances—ending
$ 1078,941.12
$ 1,078,941.12
$ 1,233.049.35
ANNUAL. FEDERAL FINANCIAL COMPLIANCE. SECTION
BEUSSINK, HEY, ROE, SEABAUGH & STRODER, L.L.C.
Certified Public Accountants
16 So. Silver Springs Road
4018 Sycamore 105Hope
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 COMPLIANCE WITH REQUIREMENTS APPLICABLE
TO EACH MAJOR PROGRAM AND INTERNAL CONTROL OVER
COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133
Honorable Mayor and Members of the City Council
City of Cape Girardeau, Missouri
Compliance
We have audited the compliance of City of Cape Girardeau, Missouri, with the types of
.. compliance requirements described in the U.S. Office of Management and Budget (OMB)
Circular A-133 Compliance Supplement that are applicable to its major federal program for the
year ended June 30, 2005_ City of Cape Girardeau, Missouri's major federal program is
identified in the summary of auditors' results section of the accompanying Schedule of Findings
and Questioned Costs. Compliance with the requirements of laws, regulations, contracts and
grants applicable to its major federal program is the responsibility of City of Cape Girardeau,
Missouri's management. Our responsibility is to express an opinion on City of Cape Girardeau,
Missouri's compliance based on our audit.
c
We conducted our audit of compliance in accordance with auditing standards generally accepted
in the United States of America, the standards applicable to financial audits contained in
Government,Iuclaing Sicmdards, issued by the Comptroller General of the United States, and
OMB Circular A-133, Audhs of Slates, Local Governments, and Nan-Pmfit Organizations.
Those standards and OMR Circular A-133 require that we plan and perform the audit to obtain
reasonable assurance about whether noncompliance with the types of compliance requirements
referred to above that could have a direct and material effect on a major federal program
occurred. An audit includes examining, on a test basis, evidence about City of Cape Girardeau,
Missouri's compliance with those requirements and performing such other procedures as we
considered necessary in the circumstances. We believe that our audit provides a reasonable basis
for our opinion. Our audit does not provide a legal determination on City of Cape Girardeau,
Missouri's compliance with those requirements.
103
c
In our opinion, City of Cape Girardeau, Missouri complied, in all material respects, with the
requirements referred to above that are applicable to its major federal program for the year
ended June 30, 2005.
Internal Control Over Compliance
The management of City of Cape Girardeau, Missouri is responsible for establishing and
maintaining effective internal control over compliance with requirements of laws,
regulations, contracts and grants applicable to federal programs- In planning and performing
our audit, we considered City of Cape Girardeau, Missouri's internal control over compliance
with requirements that could have a direct and material effect on a major federal program in
order to determine our auditing procedures for the purpose of expressing our opinion on
compliance and to test and report on the internal control over compliance in accordance with
OMB Circular A-133_
Our consideration of the internal control over compliance would not necessarily disclose all
matters in the internal control that might be material weaknesses. A material weakness is a
reportable condition in which the design or operation of one or more of the internal control
components does not reduce to a relatively low level the risk that noncompliance with
applicable requirements of laws, regulations, contracts and grants caused by error or fraud
that would be material in relation to a major federal program being audited may occur and
not be detected within a timely period by employees in the normal course of performing their
assigned functions. We noted no matters involving the internal control over compliance and
its operation that we consider to be material weaknesses.
This report is intended solely for the information and use of the Honorable Mayor, Members
of the City Council, federal awarding agencies, and pass-through entities and is not intended
to be and should not be used by anyone other than these specified parties.
HEUSSINK, HEY, ROE, SEABAUGII & STRODER, L.L.C-
Cape Girardeau, Missouri
October 21. 2005
104
BEUSSINK, HEY, ROE, SEABAUGH & STRODER, L.L.C.
Certified Public Accountants
4018 Sycamore 16 So. Silver Springs Road p
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 INTERNAL CONTROL OVER FINANCIAL
REPORTING AND ON COMPLIANCE AND OTHER MATTERS
BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED
IN ACCORDANCE WITH GOYERNMF,NTAUDITING S7ANDARDS
Honorable Mayor and Members of the City Council
,. City of Cape Girardeau, Missouri
We have audited the financial statements of the governmental activities, the business -type
,. activities, each major fund and the aggregate remaining fund information of City of Cape
Girardeau, Missouri as of and for the year ended June M, 2005, which collectively comprise the
City's basic financial statements and have issued our report thereon dated October 21, 2005. 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 Govennnent
Auditing Standards, issued by the Comptroller General of the United States
InternalControl Over Financial Reporting
In planning and performing our audit, we considered City of Cape Girardeau, Missouri's internal
control over financial reporting in order to determine our auditing procedures for the purpose of
expressing our opinions on the basic financial statements and not to provide an opinion on the
internal control over financial reporting. Our consideration of the internal control over financial
reporting would not necessarily disclose all matters in the internal control that might be material
weaknesses. A material weakness is a condition in which the design or operation of one or more
of the internal control components does not reduce to a relatively low level the risk that
misstatements caused by error or fraud in amounts that would be material in relation to the
financial statements being audited may occur and not be detected within a timely period by
emplovees in the normal course of performing their assigned functions. We noted no matters
involving the internal control over financial reporting and its operation that we would consider to
be a material weakness.
105
Compliance and Other Matters
As part of obtaining reasonable assurance about whether City of Cape Girardeau, Missouri's
basic financial statements are free of material misstatement, we performed tests of its compliance
with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance
with which would have a direct and material effect on the determination of financial statement
amountshowever, providing an opinion on compliance with those provisions was not an
objective of our audit and, accordingly, we do not express such an opinion'I lie results of our
tests disclosed no instances of noncompliance that are required to be reported under Government
Ambling Standards.
This report is intended solely for the information and use of the Honorable Mayor, Members of
y the City Council, federal awarding agencies, and pass-through entities and is not intended to be
and should not be used by anyone other than these specified parties-
BEUSSINK, HLY, ROE, SLABAUGH & STRODER, L.1, C.
F-04� /,f '
Cape Girardeau, Missouri
October 21, 2005
106
C17Y OF CAPE:
GIILARD4AU,
M6SSOU16
SQIIIDULC OP CXPENDI'I URIiS CP
PIDERAL AWARDS
Por the Year Coded June
10, 2005
I cral
C'DA
Program
ral (irnntor/Pass-'I hroneh C rai I hofoam Title
Number
Number
Disbursements
U.S. DCPARIMIN'IOI HOUSING AND
I TRLAN DL VLLOPMLN I
Conmmnib Dcvclupnwnt Black Grant -
11to""fidda liumomi, Developmt,ot holo,tive
14246
11 -01 -NI -0-0025 s
160,129
I1 -04 -SP -MO -0401 _
121,216 S 295,545
Passed Through Missouri Dcparlmcnt of
I!cononiic Dcvelopmmj,t -
a
Connnunit, Uc,lopmcnt Bleck Orants/
Sates Proplmn
14228
2002 -ND -04 $
119,442'
2000 -ID -14
160,516 -'
20112 VIP: I
411_,011 682.999
-
Iintcrgcncc ShcIter Grants Proer:oa(1iS(i)
14231
PRO1640542
25712,
TOTAL U . DLPAR Mll N1 OP 11OINNO AND
IIRIlAN DINPI OPNIPNI'
$ 994246
11 S-1)) PARI MEN I' 01' 1I ISI R I P.
Gong -Wee Schools and Canmmnities-Communik-
Ila"d(lanelnt""'Iltlon
16344
2004 -1V -FX -0059
$ 6,649
Paseul'[IT inugh Missouri Depwtment of
Ivlcmal I IcaLL11-
PMo'cing Underage Deinking Iatca Program
16 727
AOC11291094
26,195
I',scd Ihnmgh the C ity of Poplin Bluff, Mi omni -
Pnsced Ihroueh the SOUlh,,l Missouri Dmg
Task FT" , -
II h ro, X4cmonel SIe1c nod 1.0,,11
I o%I lfurcvmmTIl AsslsWl¢C DInUCUonmv
Grants
16.590
NA
12999
'used I ough Missouri Dcpumncnt of
Public Sofetc-
C11nC Victim Assixtancc
16375
2001 -VOLA -0092 $
6376
2102-VOCA.01 15
20 901 27,177
Violence Against Ab'omal Pormula GINr11
16 SM
2001-VAWA-0005 $
16,165
2001 VAV A-0010 _ _
_1.29_94 20.162
Inenl l ate Pn Gummco111lnok Grams
Pmaiwn
16192
01-1,B PX -0569
11,871
Wlldproef Vcat Partnership Program
16b07
N/A
1912
lOIAL(I.S. A PARIMI NI of W SIK1
the Accompam ", No1cs to Scbalulc
of Ilzpcn
iron o; nl Icdcral At�ans
AT, an lutcglal
Pw t of This
Repro t
0,
CITY OF CAPE GIRARDEAU,
MISSOURI
SCHEDULE OF EXPEYDITURLS OP FEDERAL AWARDS
For the Year Ended June 30,
2005
Federal
CFDA
Program
Federal Grantor/Pass-Through Grantor Program Title Number
Number
Disbursements
U.S. DEPARTMENT OF TRANSPORTATION.
Airport Improccmcnt Program (1) 20.106
03-29-0013-10-2002
$ 3,464,321
Passed Through Central Missouri Stale
Uniccrsit_v-
Safctc Inccntiec Grants Por l)sc oC Scmbclts 20604
N/A
1007-"
Passed Through Missouri Department of
l7ansporlation-
hghmay Planning and Construction 20.205
SP-li0o(009)
$
132,256
STP-1500(011)
769'
STP-1500(008)
38,159
STP-1500(005)
90,761
S'IP-1500(0(11)
117,687
379,632
Alcohol Traffic Sateh and Di mk Driving 20.601
05_J7-03-21
$
9,274
Prcccatieu Incentive Program
05-J7-03-20
1,332
10,606
formula Grants for Other lliau
Urbanised Areas 20509
M0-18-X024
132.487 =
State and Communitc I tigh,av Stdet}20 600
04-SA-09-2
$
16.260
05-SA-09-2
39,248
04-AL-03-3
28,312.
OS-AL-03-3
1'749
116.69
TOIALU.S. DEPARTMFNT OF TRANSPORTATION
S 4-104622
'the Accompam ing Notes to Schedule of ExpendiRues of federal Ao'ards
Are an Integral Part of This Report
108
C11'T OIC APFURARDI A[ I, MISSOURI
S( IIIDULI 01'LkPILDI T UR I S 0171 DFRAI_ AWARDS
I',, the) cu; 8ndcd Jun, 30,2M
I'cdcrd
CI -DA P",l
Pedcid (: nlo:'Ila, Ili "hprim< I -C)L�ldtll Mlle KnnlhC; Number
r LA\ ROANILN I AL PRO I FC TION AGFVCV.
SunryS. 51LdIC5, lIll and Syu lul
I'ugtox Gr nlz
U.S. DI'. PARI'MI NI OF 11ON11'_I AND
SI( UR11)
A s's:Slancc to I'i rc 11 ehmrs Urvov
Assuwncc Iv Fim0yhlcrs Grant
Pps.al'I brooch M1h vnufi Swm Gmcmrncc-
� Clli[cu Cugvs
Stam Domcs(m Prepu¢dncss Hyuipmmlil
Support Pmu:u:n
I O1 AL CS. DEP AR T SIF', I Of 110A11'.I AND
SCCCRIII'
TOTAL FEDERAL AAVAI2IJS
I I I Idu0iliod nuio; Pe"Yrem.
66 000 .A1198]251-01
S1 i54 II M V1'-2003-I'G-I _'332
97.044 1 % lA' °009 -ISP -01655
97.(IS3 V/A
92004 2003 N I I J I 10001
"I he AccnmponymP Aoms m S111,h , of'li,pendrtures of Pedend AmerdS
Are on Imegrel Pun of I Ill Rcpoa.
109
Dl'kll IC111CIlt'
S 1443?1
250,920
'_.512
27.661
1e4.�1)
C 41:7iS
S CUS Sl2
I'. Basis of Accol.mt=ng.
'Ihe schedule is presented on the modified accrual basis of accounting which recognize;,
expenditures when liabilities for goods and services are incurred. 'Phis is the same basis
of accounting presented in the financial statement;.
110
CyLY OF CXP,E GIRARDEAU„MISSOURI
NOXI'F_S TO. SCIIGDULE OUEXPENDCI'URES OF,FEUFRAL AWARDS
Year Ended lune 30., 2005
7. SUMMARY„OF SIGNIFICANT ACCOIJNTING POLICIES.
A. Purpose of Schedule and Repgrtin¢ F.nt_ty
..
The accompanying Schedule of Expenditures of Federal Awards has been prepared to
coapt} with C)N1B Circular A-133. This circular requires a Schedule of Expenditures of
Federal Awards showing total expenditures for each federal financial assistance program
-+
as identified in the Catalog of Federal Domestic Assistance (CFDA) and identification of
programs that have not been assigned a CFDA number as "Other Federal Assistance.”
..
The schedule includes all expenditures of federal awards administered be the City.
B Basis of Presentation.
..
'I he schedule is presented in accordance with OM8 Circular A-133, which defines
Iedraal tinancixl assistauoe "__.assistance that non-federal entities receive or admin[sicr in
the form of grants, loans, loan guarantees, property (including donated surphis property),
cooperative ayeenents, interest subsidies, insurance, food commodities, direct
appropriations, and other assistance, but does not include amounts received as
reimburgomcnt for sereices rendered to individuals'
I'. Basis of Accol.mt=ng.
'Ihe schedule is presented on the modified accrual basis of accounting which recognize;,
expenditures when liabilities for goods and services are incurred. 'Phis is the same basis
of accounting presented in the financial statement;.
110
CITY OF CAPE GIRARDEAU. MISSOURI
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
For the Year Ended June 30, 2005
■
I. SUMMARY OF 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 weaknosses7 yes
X none reported
Noncompliance material to financial statements
noted? yes
X no
Federal Awards
Internal control over major programs-.
. Material weaknesses identified? yes
X _ no
. Reportable conditions identified that are not
'
considered to be material weaknesses? _ yes
X . _ none reported
Type of Auditors' report issued on compliance for major programs:
Unqualified
Any audit findings disclosed that are required to be
reported in accordance with Section 510(a) of Circular
A-133? yes
X no
Identification of major programs
CFDA Number Name of Federal Proeram
20. 106 Airport Improvement Program
Dollar threshold used to distinguish
between type A and type B programs. $300,000
Auditee qualified as low-risk andltee: X_ yes
- no
]II
■
2. FINANCIALS"IATLMLNT_ FINDINGS.
No findings or questioned costs were noted that are required to be reported.
3. FEDERAL AWARD FINDINGS AND QUESTIONED COST'S:
.� No findings or questioned costs were noted that are required to be reported.
112
CITY OF CAPE GIRARDEAU. MISSOURI
SUMMARY SCHEDULE OF PRIOR AUDIT FIIVDEVGS
For the Year Ended June 30, 2005
There were no findings for the year ended June 30, 2004.
113