HomeMy WebLinkAbout2003-2004.AuditReportsCITY OF CAPE GIRARDEAU, MISSOURI
FINANCIAL STATEMENTS
June 30, 2004
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
MANAGEMENTS DISCUSSION AND A3,;ALYSIS
3-13
BASIC FINANCIAL STATEMENTS
GOVERNMENT -WIDE FINANCIAL ST'AT'EMENTS
STATEMENT OF NET ASSETS
14-15
STATEMENT OF ACTIVITIES
16-17
FUND FINANCIAL STATEMENTS
GOVERNMENTAL FUNDS FINANCIAL STATEMENTS
BALANCE SHEET
18-19
RECONCILAT'ION OF THE BALANCE SHEET OF GOVERNMENTAL
FINDS TO THE STATEMENT OF NET ASSETS
20
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCES
21
,.
RECONCILATION OF THE STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO THE
STATEMENT OF ACTIVITIES
22
PROPRIEPORY FUNDS FINANCIAL S I ATEMENTS
STATEMENT OF NET ASSETS
23
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN
FUND NET ASSETS
24-25
STATEMENT OF CASH FLOWS
26-27
FIDUCIARY FUNDS FINANCIAL STATEMENTS
STATEMENT OF FIDUCIARY NET ASSETS
28
NOTES TO FINANCIAL STATEMENTS
29-64
J
REQUIRED SUPPLEMENTARY INFORMATION
'
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL - GENERAL
65
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
'
ACTUAL-AIRPORT
66
STATEMENT OF REVENUES, EXPENDITURES, AND
'
CHANGES 1N FUND BALANCES - BUDGET AND
ACTUAL - PARK & RECREATION
67
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL- TRANSPORTATION SALEST'AX
_
TRUST FUND
68
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL- DEBT SERVICE
69
SCHEDULE OF FUNDING PROGRESS - PENSION PLAN
70
NONMAJOR FUND FINANCIAL S'IA'I EMEN"I S
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL - FLOOD PROTECTION
71
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES 1N FUND BALANCES -BUDGE I AND'
ACTUAL- VISION 2000
72
+
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET .AND
..
ACTUAL- CONVENTION AND TOURISM
73
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL-DOWNTOWN BUSINESS DISTRICT
74
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL - HEALTH
75
_ STATEMENT OF REVENUES, EXPENDI LURES, AND
CHANGES IN FUND BALANCES -BUDGET AND
ACTUAL - MOTOR FUEL TAX 76
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES -BUDGET AND
_ ACTUAL - CAPITAL IMPROVEMENT SALES TAX -
FLOOD CONTROL 77
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGE IAND
ACTUAL - CAPITAL. IMPROVEMENT SALES TAX -
WATER SYSTEM IMPROVEMENT
78
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL- CAPITAL IMPROVEMENT SALES TAX -
SEWER SYSTEM IMPROVEMENT
79
STATEMENT OF REVENUES, EXPENDITURES, AND
(CHN
LANCES IN FUD BALANCES- BUDGET AND
ACI UAL -'I RANSPORIATION SALES TAX
TRUST FUND 11
80
STATEMEN FOE REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET' AND
AC]I AL -GENERAL CAPI"TAI. IMPROV EMF.N I'S
81
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES -- BUDGET AND
ACTUAL-STREE"TIMPROVEMEN IS
82
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGETAND
ACTUAL -PARK IMPROVEMENTS
83
STATEMENT OF RE VENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES -BUDGET AND
ACTUAL - COMMUNITY DEVELOPMENT BLOCK
GRANT PROJECT
84
STATEMENT' OF REVENUES, EXPENDITURES, AND
.�
CHANGES 1N FUND BALANCES - BUDGET AND
ACTUAL FAU GRANT PROJECTS
85
STATEMENT' OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGETAND
ACTUAL - CORP FLOOD CONTROL PROJECTS
86
STATEMENT OF REVENIJES, EXPENDITURES, AND
_
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL - SEWER
87
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL -WATER
88
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL - SOLID WASTE
89
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL - GOLF COURSE
90
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES -BUDGET AND
ACTUAL- SOFTBALL COMPLEX
91
STATEMENTOF REVENUES, EXPENDITURES, AND
CHANGES 1N FUND BALANCES - BUDGET AND
ACTUAL -MANAGEMENT INFORMATION SYSTEMS
92
S"TATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL- FLEET MANAGEMENT
93
S FATEMENT OF REVENUES, EXPENDI"TURFS, AND
CHANGES IN FUND BALANCES -BUDGET AND
ACTUAL -FRINGE BENEFITS
94
STATEMENTOF REVENUES, EXPENDITURES, AND
„
CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL - RISK MANAGEMENT
95
STA"I'EMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES -BUDGET AND
ACTUAL - EQUIPMENT REPLACEMENT
96
W
ANNUAL FEDERAL FINANCIAL COMPLIANCE SECTION
REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE
TO EACH MAJOR PROGRAM AND INTERNAL CONTROL OVER
COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133
97-98
REPORT ON COMPLIANCE AND ON INTERNAL CONTROL OVER
FINANCIAL REPORTING 13ASED ON AN AUDIT OF FINANCIAL
STATEMENTS PERFORMED IN ACCORDANCE WITH (;OVh'RNA41',VT
A (011ING S7ANUARUS 99-100
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS 101-103
NOTES TO SCHEDULE OF EXPENDITURE OF FEDERAL AWARDS 104
SCHEDULE OF FINDPGS AND QUESTIONED COSTS 105-106
SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS 107
BEUSSINK, HEY, ROE, SEABAUGH & STRODER, L.L.C.
Certified Public Accountants
16 So. Silver Springs Road
4018 Sycamore 105So.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
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, 2004, 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 an opinion 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 opinion_
In our opinion the financial statements referred to above present fairly, in all material respects,
the financial position of 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, 2004, and the respective changes in financial position and cash (lows, 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 Audiiing Standards, we have also issued a report dated
November 18, 2004, on our consideration of the City's internal control over financial reporting
and our tests of its compliance with certain provisions of laws, regulations, contracts, and grants.
That report is an integral part of an audit performed in accordance with Government Auditing
Standards and should be read in conjunction with this report in considering the results of our
audit
The management's discussion and analysis and budgetary comparison information on pages 3
through 13 and 65 through 69, are not a required part of the basic financial statements, but are
supplementary information required by the 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 supplementary information. However, we did not audit the information and express no
opinion on it.
Our audit was performed for the purpose of forming an opinion on the financial statements that
y collectively comprise the City of Cape Girardeau's basic financial statements. The individual
nonmajor fund financial statements are presented for purposes of additional analysis and are not
a required part of the basic financial statements_ The accompanying Schedule of Expenditures of
Federal Awards is presented for purposes of additional analysis as required by U.S. Office of
Management and Budget Circular A-133, Audits ojStates, Local Governments, and Non -Profit
Organizations, and is not a required part of the basic financial statements of the City of Cape
Girardeau, Missouri. Such information has been subjected to the auditing procedures applied in
the audit of the basic financial statements and, in our opinion, is fairly stated in all material
respects, in relation to the basic financial statements taken as a whole.
BEUSSINK, HEY, ROE, SSEAAB'A�UGH/& S'FRODER, L.L.0
+ X, 17i Fol. 1ae.lo+ig5 d-
Cape Girardeau, Missouri J
November Is, 2004
REQUIRED SUPPLEMENTAL INFORMATION
CITY OF CAPE GIRARDEAU, MISSOURI
Management's Discussion and Analysis
The discussion and analysis ofthe Cinof Cape
Girardeau's financial performance provides an
overall to,ic, of the Citv's financial activities
for We fiscal year ended lune 30, 2004_ The
intent of Ihis discussion and analysis is to look at
the City's financial performance as a whole.
Readers should also rcN new the basic financial
statements and related notes to those statements
to enhance their understanding of the City s
financial performance.
Financial Highlights
o The assets of the CAN of Cape Girardeau
exceeded its liabilities at the close of the most
recent fiscal year be $98,719,488 (net assets).
Of this amount, $35,945,569 (uuestricted net
assets) uta}' be used to meet the CaNs
ongoing obligations to citizens and creditors.
u As of lire close of the ciorenl fiscal Near the
City of Cape Ghardezu's gocenunental funds
reported combined ceding fund balances of
$29.270,721 Approximateh, 62 percent of
this total anrounL $18,753.706 is available for
spending at the govemmcnt's discretion
(unrescn'cd fund balance).
o At the end of the cuncan fiscal year,
unrcscrecd fund balance for the goucral fund
oas $1. 110.552 or 8.4 percent of total gmreral
fund expenditures and transfers. Fund
balance rescr cd for emergencies for the
general fund was $2,880,567 or 17.0 percent
of total general fund expenditures and
transfers.
o The Cts of Cape Girardeau s total long -tern
debt decreased b} 54,968,668 (6 4 percent)
during the current fiscal year. The kev factor
in this decrease bras the $5,946.561 in
principle pavmcnts.
0,an imv of the Financial Statements
This discussion and anal,sis are ulcuded to
serve is ;in introduction to the Cily of Cape
(3uarder, s basic financial statcmcnk.
I he Cin' of Cape Girardeau's basic financial
statements comprise tuee components. 1)
government-e'ide financial statements, 2) fund
financial statements, and 3) notes to the financial
statements. This report also contains other
supptementan' information in addition to fire
basic financial statements themselves.
Government -wide financial statements.
The govcrnnhent-wide financial statements are
designed to provide readers with a broad
overview of file City of Cape Girardeau's
finances, in a manner similar to a private -sector
business.
The shalcment of net assets presents information
on all the Cih's assets and liabilities, with die
difference betocen the two reposed as net
assets. Over Inti increases or decreases in tic(
assets mac scree as a useful indicator of nehether
the financed position of the Citic is improving or
deteriorating.
The statement of actintics presents information
showing how the Ctv's net assets changed
during the most recent fiscal year. All changes
in the net assets are reported as soon as the
underlying eacnt giving rise to the change
occurs_ regardless of the liming of the related
cash l( .os. 'Thus. rccenues and c,penscs arc
reported in the statement for some turns That refit
ons' result in cash ion's in Faure fiscal periods
to g.. uncollected taxes and caned but unused
vacation IcaNc).
Both of the government -o ide financial
slatcmcnts distinguish functions of the CAN of
Cape Girardeau that are principally supported b}
taxes and intergovermnenlal revenues
(go,ar mental activities) from other Fractions
that are intended to recoNor all or a significant
portion of their costs through user fees and
charges (business -type activities). The
govenunenlal act ivibes of the Cin of Cape
Girardeau include administrative seryices,
devclop meand sen ices, parks and recreation,
public safely, and public corks. The business -
type actnitics of the Cin' include sewer. cater,
and solid o'aslc utilities and golf course and
softball complex operations.
'I lie government -aide financial statcmcnts can
be found on pages 14 to 17 of this report
CITY OF CAPE GIRARDEAU, MISSOURI
Fund financial statements. A fund is a
grouping of related accounts that is used to
maintain control over resources that have been
segregated for specific activities or objectives.
The City of Cape Girardeau, like other state and
local governments, uses fund accounting to
ensure and demonstrate compliance with
finance -related legal requirements. All of de
funds of the Citcan be divided into three
categories_ governmental funds, proprietary
funds, and fiduciary funds.
Goxernmomal Funds. Go, crnn ental funds are
used to account for essentials the same
functions reported as governmental activities in
the gm-ernnment-wide financial statements.
However, unlike die govermnent-w'ide financial
statement, governmental fund Financial
statements focus on near -teen inflows and
outflows of spendable resources, as well as oro
balances of spendable resources available of the
end of Ilio fiscal }'ear. Such infannigion mac be
useful in cvalluding a government -s scar-Icnu
financing requirements_
Because the focus of the governmental finds is
narrower than that of the government -wide
financial statements, itis useful to compare the
inkin onualion presented for guvenuuculal Itmds
with similar information presented for
governnicmLiI act idlics in the goverunenl-wide
financial statenenls. Ile doing so, readers umv
beller understand the long-tcmt impact of time
governments near term financing decisions.
Both fife gcw crinin ind fund balance sheet and
the goeernnental fund stawntmn of revenues,
expenditures, and changes in fund balances
provide it reconciliation to facilitate this
comparison between governmental funds and
gowcrnmental acttvdics.
'fle ON of Cape Girardeau maintains 22
individual gmemmcnlal funds. Information is
presented separately in die governmental fund
balance sheet and in the gowerunental fund
statement of rix°critics, expenditures, and changes
in fund balances for the general, airport, parks
and recreation- transportation est Il and debt
service funds- which are considered, or ham -e
been designated to be major funds of the Cin'.
Data from the other govcrnmcntal funds are
combined into a single, aggregated presentation
'Ihe Cit' of Cape, Girardeau adopts annual
appropriated budgets for all its gocemmcntal
funds, excluding its water system improvements
capital project fund, which has a project length
budget. Budgetarycomparison slalemctlts have
been provided for all major governmental funds
as part of the financial statements to demonstrate
compliance with this budget Budgctan
comparison statements for de remaining
governmental funds are present as supplemental
information.
The basic governmental fund financial
statements can be found on pages 19 to 21 of this
report.
proprietary funds_ The Cit) of Cape Gimrdcau
maintains two types of proprietary funds_
Enterprise funds are used to report the &dine
functions presented as business-qpe activities in
the govermuct*widc fimncial statements. The
Citi used enterprise funds to account for its
sewer, water. and solid waste utilities and its golf
course and softball complex operations. Internal
service funds are an accounting device used to
zrununulatc and allocate costs inlernully among
the CnN s lotions functions. the Ctq, uses
m cnu4 service funds to account for operation of
its nanagmnent infornmalion systems, fleet
nlanagmncnt self-insured employee benefits mrd
workmen's compensation programs, and its
internal equipment leasing program.
Pmpricur) funds provide the sane t}'pe of
infornmoon as the gowenuncnl-wide finaeial
statements, only in more detail. The proprictarm'
fund financial statcuents provide separate
information for die sewer, mutter, and solid [caste
utilities and golf course and softball complex
operations. All of these are considered, or have
been designated to be major funds of the Cil).
I'le internal service funds are combined into a
single_ aggregated presentation in die propnetarw
fund financial statements.
The basic proprietary fund financial statements
can be found on pages 23 to 27 of this report
Budgetan comparison statements for all die
proprietary funds are present as supplemental
information.
Notes to the Financial Slalemcnts. The notes
provide additional infonnalion Ilial is essential to
a full understanding of the data provided in the
government -wide and fund financial sultancnts.
I he notes to Che financial statements can be
found beginning page 29 of this report.
CITY OF CAPE GIRARDEAU, MISSOURI
Government -wide Financial Analysis
As noted curlier, net assets may serve over time
as a useful indicator ofa government's financial
position, ht the case of the City of Cape
Girardeau, assets exceeded liabilities by
$98,719,488, an increase of 312,485,218
(1458n). The largest portion of the City's net
assets (56.1 vin) reflects its 555,395,281
inveshnent in capital assets (land, buildings,
machinery, and equipment, less related debt
used to acquire those assets that is still
outstanding. 'this net investment increased
$9,989,188 (21.8%) during the current fiscal
year The City uses these capital assets to
provide services to citizens; consequently, these
as'se(a arc not available for future spending.
Although the City's investment in its capital
assets is reported net of related debt, it should be
noted that the resources needed to repay (]its debt
mustbe provided front other sour ccs, since the
capital assets douses es cannot be used to
liquidate these liabilities_
An additional portion of tire City's net assets (7.5
percent) represent resources that are subject to
external restrictions on how they may be used
The portion of City's net assets subject to
external restrictions decreased 5934,982 (11.2%)
from the previous year. The remaining balance
of unrestricted net assets ($35,945,569) may be
used to Meet the City's ongoing obligations to
citizens and creditors. This reflects a $3,522,012
(10.9%) increase Ginn the previous year.
At the end of the current fiscal year, the City is
able to repot't positive balances in all three
categories ofnet assets, both for the government
as a whole, as well as for its separate
govemnlcntal and business -type activities. The
saute situation was true of the prior year.
City of Cape Girardeau's Net Assets
Govcmmen dal
Business -type
Activity
Acbvitles
Totel
2004
2003
2004
2003
2004
2003
Current and other assets
35,969,565
35,172921
15,134,449
15,443,932
51,104014
50,616,853
Capltal assets
35,471,858
3Qe9$334
90,074,585
88,910,550
125546443
119,002.884
Total assets
71 441
423
65
105,209,034
104,354,482
176,650,457
169.619.737
Long term liabilities outstanding
26,078,559
28484.900
41,603,589
44,013465
67,682,148
72,498,
365
Other liabilities
5,307,980
5,555,608
4940,841
5,331,495
10,248,821
10,887,103
Total tnteloies
31 386.539
__
34,040,506
46,544,430
49,344,960
77,930,969
83,385,468
Net assets-
Invested In capital assets,
Net of related debt
7,594,751
-
47,800,530
45,497,093
55.395,281
45,497
093
Restricted
4,145.825
5,295,318
3,232,813
3,018,301
7,378,638
8,313,620
Unrestricted
28,314,308
25,929429
_ 7,631261
6,494,128
35,945,569
32423.557_
Total net assets
40,054,884
31,224,747
58,664.604
55009522
98719488
86234270
CITY OF CAPE GIRARDEAU, MISSOURI
Governmental activities. Governmental activities increased the City of Cape Girardeau's net assets by
58,830,137 (compared to S5,879,960 in the previous fiscal year) thereby accounting for 70.9 percent of the
total growth in the net assets of the City_ Increases in net investments in capital assets during the fiscal year
accounted for $7,594,751 (8611 of the total increase in net assets during the year.
r
City of Cape Girardeau's Change in
Net Assets
Governmental
Business -type
activities
activities
Total
_2004
2003
2004
2003
2004
2003 _
Revenues:
Program revenue'.
Charges for service
3,674,203
3.499.174
10.999,838
10,500,306
14,674,041
13,999,480
Operating grants and
contributions
727,573
789,060
2,074
76,451
729,647
865,511
Capital grants and
contributions
4,788,186
3,389,155
1,120.725
1,581,285
5,908,911
4,828,888
General revenues'.
Property taxes
1,965,644
1994,052
-
1,965,644
2,135,604
Sales taxes
15,833, 767
15292,064
-
-
15,833767
15,292,064
Othertaxes
6,844,990
6.668728
-
-
6,844,990
6,668728
Other
722,415
_ 958,271
368.522
593,603
1,090,937
1,551,874
Total revenues
34,556,778
32,590,504
12,491,159
12.751,645
47,047,937
45.342,149
Expenses
Administrative
4,761,113
3,971,271
-
-
4761,113
3,971,271
Development Services
1,681,388
1.663 087
-
-
1,681.388
1,663,007
Interest and other casts
1,386.261
1400,715
-
-
1386,261
1,400]16
Parks and Recreallon
2,866.313
2,756.068
-
-
2,866,313
2,756,008
Public Safety
8,911,466
8,665,488
-
-
8,911 465
8,665,488
Public Works
2,709,140
2,369,477
-
2,709,140
2,369,477
Sewer
-
-
3.987,359
4,108,588
3987,359
4,100,588
Water
-
-
4,808,229
4912233
4,808,229
4,912,233
Solid Waste
-
2,501,842
2,283,361
2,501,642
2,283,361
Gaff Course
-
-
571458
523,007
571,450
523,007
Softball Complex
416,196
405,814
416,196
405,814_
Total expenses
22315,681
20,825,106
12,285,084
12,233,003
34,600,765
33.059.109
Increase In net assets
before transfers
12,241,097
11,764,390
206,075
518,642
12,447.172
12,283,040
Transfers
(3,410,960)
(5,884,5387_
3.410,960
5,884,538
_
Increase In net assets
8830.137
5,879,860
3,617,035
6403,180
12,447,172
12283,040
Net assets 7/1/2003
31,224,747
25,344.887
55,009,522
48,606,343
86,234,270
73,951,230
Prior period edlucmenta
-
36,047
38,047
Net assets 6/30/2004
40,054,884
31224747
58,664,604
56,009,523
98,719,489
_
86,234,270
r
CITY OF CAPE GIRARDEAU, MISSOURI
Activity in the following revenue and expense items should be noted for the current Fiscal year:
Revenues
• Sales tax revenue grew 3.5 percent over the previous year. This reversed the trend of below
normal sales tax grow (It that had plagued the City over the previous four years. Most of the sales
tax growth occurred in the last four months of the fiscal year. This could be the result of an
improving economy and the possible recapture of our share of the regional retail market. See the
discussion later in this report for more analysis of regional retail market.
• Capital grants and contributions increased $1,399,031 (41.3%) over the previous year. The City
saw a major project at its regional airport (95% grant -funded) and a bridge on Bloomfield Road
(80' o grant -funded) completed during the year. In the current year $2,083,376 of donated assets
and infrastmemre were recorded. This was $904,290 (76.7%) greater than the previous year. The
portion of mirror rlcture costs that were charged benefiting property owners decreased $663,622
(42.70/,',) this year from the previous year.
• Other taxes increased $176,262 (2.6%) over the previous year. Convention and tourism taxes,
franchise taxes, business license taxes, and motor fuel luxes grew $64,128 (5.2%), S25,832 (.9' ,"),
$S0,059 (5.5%), and $51,593 (3.6%) respectively. City taxes decreased 516,977 (11 A%) from the
previous year.
• Other rvaire decreased $?35,856 (24.6%d it out the precious ycao Investment earnings decreased
$326.221 (36.6%).'flit rnd of ycor adjustment of investments to mu[kct volae ($154019), using
lice um it laced cash lit payoff dcbI over the past Iwo years, and main ring investments being
re, it, csted at lower rules arc the main ve it tri hu ors to This dcolin, . The sales of excess right of way
totaling 586,865 helped offacl some ofthe decline iu i no estmea t revenue.
r
Expenses
• ,\dl l l l ill$ (r'd llA l' exper Is, to c, S%C89,842 (11) )9".) 1116 Vor,L Don lig 11 re vet,r 11lC t ity paid
Southeast Mlssoau, StoIC I ini,e.Ally 8669,726. 1 bele ptIx1 I ie, i is,c,, lMade put ,nallt to art
agreement i 1 w11 to 111110 o'Ity of) bgalet] a ouiIiorl 111 its Ior eliM otcl aorl Restalll'a 111 favc4 to pay to
$89 million ofthe cous lnlc lion costs oa River Ca in pas Performing Arts Ceti ot, Also during this
year die Cily pal on m1 air show at a coat of S 104,830.
• Public works increased $336,663 (14.2Rb) this year. During the year the City completed a to to year
project to remove a waste lagoon from a Irailet park located in the City. The costs incurred Ihis
year were 598,310 greator than the previous year_ Depreciation expense frons infrastructure was
'
S21 1,143 more this year than the previous year.
• Transfer, to other funds declined S2,473,578 (42.0%) The major factor in this decrease was That
,.
file transfer of sewer and water capital projects from government activities to the water and sewer
funds ocoo $2,507,050 less this year than the previous year.
• Development scrcice. parks and recreation. and public safety increased S 16,301 (I.I%), S110.245
(4 (Vi',), and S245,978 (2.8%) respect, , e1y this year.
CITY OF CAPE GIRARDEAU, MISSOURI
The chart below illustrates the surplus' or net subsidy required Cur different key City programs
8
Seftball Conplex B
GOR course EEP
Solid Waste
Sew er m ESNase
Water mFevenue
Poblic Works
a
'.I f -Labbe Safety _--'
Parks 8 Recreatbn
LIeveloprrient Sery
Admnistrative
- 1.500 ,000 3,000,000 4,500,000 6,000,00 7,50,000 9,000,000
The it l us lrati on above..takes it clear that all the guvcnunental activities with the exception of public works
and sons ..l the business -type activities of the (IN required it subsidy by taxpayers.' I' he solid waste and
water buslncss-type activitic, wcrc Self -suppotling. Public coc
Is reeived capital grants and cont-ibulious
totaling $2,849,744 during the current year causing their revenues to exceed their operating expenses.
However, these revenues are used for investments in the City's road sys'Icros and were not used to cover
operatirrg axpcnscs.
SourcRevenues Im
e -Activities
The chart to the right summarizes the sources of
revenue front government activities. The three wra=�.. mr eo•�r�mam.r.=orate.
main sources of revenue and their share of total
goccntmental revenues arc sales tax (45.8%),
other taxes (19.S%) and charges for service e+ r
A little over half the sales la% revcnuc is general
fund revenue and represents 49.6 percent of the`.Ilia `
total general hand revenues. The remaining sales -v..
taxes are r transportatin
Po o, sewcq and water 1°'s`°"`°
m°iasv.
pm)ccts_ gwxm as as m�
jos.
,.,
The general fund accounts for 243to of the
service charge rcvenuc. This represents 12,V"')
ofthe lotal general fund revenues.
8
CITY OF CAPE GIRARDEAU MISSOURI
Business-lupeactivil ics' Rusiness-type activities
increased the City of Cape Gnardeau's net assets
by $3,617,035 thereby accounting Cor 29,1
percent c the total growth in the net assets of the
City. Transfers from governmental activities
totaling 53,410,960 accounted for die 94.3 % of
the increase. This compares to transfers from
goverruriental activities in the previous year of
$5,884,538 which accounted for 91.9ii. of that
year's net asset increase. Transfers of water and
sewer system improvements totaling $1,007,069
and sales tax revenue for bond payments totaling
%1983,082 make up most oftlte total transfers.
Last year transfers of water and sewer system
improvements and sales tax revenue for bond
payments were S3,163,403 and $2,088,062
respectively.
Net program revenue and general revenue front
the sewer, water, solid waste, golf, and softball
operations snake up the te"rm"ing increase in
hustncss-type activity net assets. Net program
revenues s ,,, e $to 66,043), 8758,833, S95,578.
$(77,086), and $(273,729) respectively in this
ycnr. This compares to net program re,enur, of
,4(644, 121), 5497,921, SI 17,358, $210,869, and
$(262,789) respectively hour the previous year.
Revenues for business -type actiAies
¢„um,
0 I'll
or
ore
Financial Analysis of the City's Funds
As nosed earlier, the City ofCape Girardeau uses
hind accounting to ensure and demonstrate
compliance w tit fi nance-rclaled legal
requirements.
G overnmen tat funds. The focus ofthe Citv's
governmental funds is to provide information on
near -tern, inflows, outflows, and balances of
Spendable resources'. Such information is usefirl
in ass'ess'ing the City's financing requirements.
[it particular, unreserved fiord balance may serve
as a usefirl measure ofdte City's net resources
available for spending at the end of a fiscal }'car_
As of June 30, 2004, the City's governmental funds
reported combined ending fund balances of
$29,270,721, an increase of $976,518 in comparison
with the prior year. Approximately 61 7 percent
($18,753,707) constitutes unreserved fund balance,
which is available for spending at the City's
discretion. The remainder oftlte fundbalanee is
reserved to indicate that itis not available for nmv
spending because it has already been coninihed I ) to
meet the City's chartered required emergency
reserves (53,705,620), 2)to fund purchase orders
open at Ilse end of the year ($2,367,685), 3) to set
aside fund balance not currently available for
expenditure equal to long-temt loans due from other
City funds ($1,598,690), 4) to set aside fund balance
1101 currently available for expenditure equal to long-
term loans due from Renaissance Aircraft LLC for
purchase of airport nianufactunng facility from the
City ($1,989,774), 5) to pay debt service ($343,376),
and 6) restricted to a specific use ($511,870).
The general fund is the chief operating hand of the
City_ At the end of fiscal year ending June 30, 2004,
unrescrved fund balance of the general fund was
$ 1,430,552 while total fund balance was S6, 165,988.
As a measure of Ilse general fund's liquidity, it may
be useful to compare both unreserved fund balance
and total fund balance to total fund expenditures.
Unreserved fund balance represents 8.4 percent of
total general fund expenditures. However, included
I,, the reserved hand balance is $2,880,567, which had
been a,a �ed Io "tett the ( ly ( I'atcr's cmcrgt c}
...mire. uirement. ibis amount rcprescnfs' 17 U
percent "floral general fund expeuSt u ms' dud C"IIII
he used ifail etuergericy was deviated by the City
QInI1CIL
The fund balance of the City of Cape G irai deau's
general fund increased by $261,239 during file fiscal
year ending lune 30, 2004. Key factors include'
o Sales tax revenue grew 3.5 percent over the
previous year, which was $16,559 (.2%) more
than przjccted for the adopted budget. This
reversed the trend of below our "iat sales tax
growth that had plagued the City over the
previous four years.
o Franchise tax revenue grew .9 percent over
the previous year, which was 581,979 (2.9%)
more than projected for the adopted budget.
This resulted from conservative r, cure
projections used in the adopted budget for fiscal
year ending June 30, 2004.
CITY OF CAPE GIRARDEAU, MISSOURI
o Municipal Court revenue increased 2.2
percent over the previous year which was
$47,828 (5.0%) less than projected for the
budget This was an improvement over
previous year which saw a 7,4% decline as
a result of personnel vacancies in the police
department. This year budget assumed a
reversal of the police personnel vacancies
which did not occur
o Husiuess license revenue increased 5.5
percent over the previous year which was
$28,384 (3.0%) more than projected for the
budget. This resulted mainly from the
collection of prior yearn' de l inquencics.
o Other license and permit revenue
increased 13 percent over the previous year
which was $29,641 (182°6) more than
projected for the budget This resulted
mainly from increases in revenue from
liquor licenses and building pennils.
o Service charge revenue decreased 6.4":,)
front the previous year which was $77,871
(7.9°io) less than projected in the budget.
This resulted front City capital projects not
requiring as much City staffs time.
o Included in other financing sources is
$86,X65 resulting front the sales ofexcc,,
right ifway-
o Daring the Currant Ibscal year the ( 'ily
spent $426,516 (2.746) less than approved
in the budget.
o Expenditures far personnel costs were
$326,437 (2.81Y,) less than approved in the
budget resulting mainly from position
vacancies.
o Expenditures for public transportation,
which is a portion of developmental
services costs, decreased 7.9 percent over
the previous year which was $68,454
(20.9%) less than the adopted budget as a
result of less usage of the program. In the
prcvioas Year this expense decreased over
10%, also the result of decreased usage.
The debt service fluids have o total fund balance
of 5421,580, all of which is reserved to pay debt
service costs and to meet emergency reser'e
10
requircmcn6'. The net decrease in fund balance
during fiscal year ending June 30, 2004 in the debt
service funds was $688,439. The primary cause of
the decreased fund balance was the use of
accumulated funds for the early rctircment of several
outstanding bond issues.
Proprietary funds. The ('try of Cape Girardeau's
enterprise funds are all presented as major fluids for
purposes ofthis report. As a result, all statements
related to the enterprise funds are presented at the
government -wide level. The City docs have Internal
Service fiords, which are reported in the fund
statements.
Generali ad Budgetary Highlights
Differences between the original operating budget
and the final amended operating budget were 593,400
(.5%) over the original budget amount The changes
can be summarized as follows'
o $25,050 to cover the buyout of pmpm'lics
located is flood prone areas_
0 568,350 to cover the uubudgetcd costs of
buying police equipment and a police vehicle
fur the DARE program.
The above appropriations were funded by gnats
and donations.
Additionally, budget appropriations totaling
576,000 were Iransfcrrcd Gam Administrative to
Development Services and parks and RCCrealious
to ewer additional operating expenditures. Also
$40,000 in oppropri al inn was transbarred from
Public Safety to Transfers Oct to the Golf fork to
cover a projected operating loss in that fund.
Capital Assets and Debt Administration
Capital Assets. The City of Cape Girardeaa's
investment in capital assets for its governmental
and business -type activities as of June 30, 2004,
amounts to $125,546,443 (net of accumulated
depreciation). This investment in capital assets
includes land, buildings and system improvements,
machinery and equipment, and infrastructure
completed during the current fiscal year. The City
has not yet completed its inventory and analysis
of
its roads, highways, and bridges as capital assets of
lite City. As a result the values that these assets
represent are not yet a part of this report. The
GASB has granted additional time for the City to
accomplish this task. A4'e believe it will be
CITY OF CAPE GIRARDEAU, MISSOURI
accomplished for the report on Fiscal year
ending June 34 20(1
Cil, Capital Assets
0 Construction costs totaling $966,781 on water
sesten) projects reeve incurred taus year. A
capital nuproventent sales tax rias originally
approved in t996 to complete a specific list of
inapro,enlcnis to the rester s,stem totaling
approsimn(ch $26.500,000. Theabo,e costs
represent part of those improvements. The
most significant project on the original list was
the expansion and upgrade of iler plant 01 at
an estimated cost of $17.700.000 Most of the
projects on the list are nor, complete. At (Ile
end of the year, the expansion and upgrade of
rralcr plant 8t was approximately 90%
complete
0 Construction costs totaling appromotatel}'
$80.000 were also incurred on street projects
not included on the transportation sales tax list
of projects.
G lay of Cape Girardeau's Capital Assets
(net of depreciation)
Major capital asset events during (he current
fiscal .,car included (he following:
n Construction costs totaling $2.0 33,090 on
approved transportation sales Ins projects
, ccc incurred Ihts,ear. This tuxwas
or erinalhapproved to complete a specific
list of street projects. which also included
amorous for street repair mid overla,
sidewalk construction and repair, and
street light installation and upgnldes.
o Constriction costs totaling approximack
$250.000 were also incurred on hood and
slorrho Ater control projects.
o Construction costs totaling $985.219 on sewer
system projects wcm incurred this Near. A
capital impro.,cmenl sales las was ongtnalk
approved to 1994 to complete a specific list of
tnlproNonents to the sewer s,stem. Ocer
$11,350.000 in rc,cnue bonds lace been
issued through (lac Slate Revolting Lann
Governmental
Business -type
Activity
Activities
Total
2004
2003
2004
2003
2004
2003
Land
4018023
3,985,023
248,109
248,109
4,266,132
4233.132
Buildings and
systems
7322,904
1342,990
3,019,057
3,201]30
10,341961
10.544.720
Improvements
other than
buildings
3.726,299
3,409,507
61,573,730
60,151,944
65,300,029
63,561,451
Equipment
2,538,680
2,142343
2,056,271
2,026,845
4,595,951
4,169,188
Infrastructure
17026,002
9,728,859
-
-
17,026,002
9.728,859
Construction in
progress
838,950
3,483,612
23,177,418
23,281922
24,016,36B
26,765533
Total
35,471,858
30,092,334
90,074,585
88.910
550
125548,443
119,002,883
Major capital asset events during (he current
fiscal .,car included (he following:
n Construction costs totaling $2.0 33,090 on
approved transportation sales Ins projects
, ccc incurred Ihts,ear. This tuxwas
or erinalhapproved to complete a specific
list of street projects. which also included
amorous for street repair mid overla,
sidewalk construction and repair, and
street light installation and upgnldes.
o Constriction costs totaling approximack
$250.000 were also incurred on hood and
slorrho Ater control projects.
o Construction costs totaling $985.219 on sewer
system projects wcm incurred this Near. A
capital impro.,cmenl sales las was ongtnalk
approved to 1994 to complete a specific list of
tnlproNonents to the sewer s,stem. Ocer
$11,350.000 in rc,cnue bonds lace been
issued through (lac Slate Revolting Lann
CITY OF CAPE GIRARDEAU MISSOURI
Program to complete these projects. Most
of the projects on the list are now
complete. At the end of tire ,car. only the
South Ramsey branch Ldl Station was
not coulphae
Additional information about the City s capital
assets can be found in note D of this report.
The only increases in debt during the fiscal }ear
represented a $121,500 note issued to purchase a
street swcapon During the van $I 090,000 of Ute
1997 certificates of participation (lite in fiscal scars
ending June 30, 2005 through June 30, 2007 were
retired earl,. More information about the Cay s
outstanding debt can be found in note E to the
financial solenoids
Cityof Cape Girardeau's Outstanding Debt
Year ended 2004
Governmental Business -type
Activity_ _ Activities Total
2004 2003 2004 2003 2004 2003
Notes payable 475,141 400.000 - - 475,141 40.000
Special
obligation
bands 1,769,295 1923,117 1,113,800 1,283,721 2,883,096 3,206,838
Revenue bonds 22,097,140 22,872,546 43,727,789 45,771,744 65,824929 68,644,290
Certificates of
Participation 2,815,531 4264,237 - - 2,815,531 4,264,237
General
obligation
bonds - 425,000 - - - 425,000
Leasehold
revenue bonds 720,000 747000 - - 720,000 747000
27,677.107 30,631900 44,841,590 47,055,465 72,718,697 77.687,365
Lmrg_Icrm debt. AI the end of tire fiscal scar,
Ilio City of Cape Girardeau had total debt
outstanding of $72,7 18.697. Bonded debt
outstanding totaling $65,924-929 is secured by
revenues of die sewer and water funds and
capital improlenlent salts faxes. Therepnyulent
of the remaining debt is subject to annual
appropriations.
The City s total debt decreased by $5M&2,775
to 2 %) during the year_ The kcw factor in the
change was the call, retirement orgeneral
obligation bonds totaling $45x1 000. sewer
revenue bonds totaling S410.000 and certificates
of participation totaling $1190.0110.
12
Economic Factors and the Next Vear's Budgets
and Rates
During the First part orthis fiscal year the City
continued to experience the effects of a slow'
economy and loss of some offs regional retail dryly,
Hoo -ever, strong growth during the last four months
of the fiscal year provided hope that this situation
may be improving. Since the Cry is heavily
dependent on sales tax revenue for support of its
general fund sen ices. ane changes Ihat impact the
growth of local retail sales can hove a dranunic
impact on die City's ability to God services in the
future al their current levels. State and local laws
restrict the City -s ability to increase fees to coyer the
costs of pro Will" specific son ices to the users of
thow scn•ices.
CITY OF CAPE GIRARDEAU, MISSOURI
Slow_economr. Sales las is a significant
mccnua source of the Cin and is a barometer of
the local economy_ During the four oars prior
to the current fiscal Near. sales tax tolerate grew
at an m ehagc rhe of I.1 % o bile inflation grew at
an average rate of 2.6%. In the precious four
}ears sales tax grew at an average rate of 4.0%
while in0atiou grmN at an average rate of 2.3%.
This stool doom in sales growllh began in the
fiscal pear ending June 30, 2001, a year in which
there was no safes tax growth. During die current
fiscal Near sales grew 3,51% while inflation grew
ala rate of 2. l%_ However, in the current 2005
Fiscal Near, sales taxis growing about V/,, below
the iirnation one
Regional rclail center. Through most of the
1990 s Cape Girardeau continued to be a
regional retail coiner for much of Southeast
Missouri and Southern Illinois. During the faller
part of the 1990's Capc Glmrchom began to lose
its share of the retail market It other COWS ire the
region as these cilics added additional retail
outlets to their communities.
The previous table, which includes the Cily of
Cape Girardeau and significant root il centers
within a 50 mile radius, shows the percentage of
estimated sales made by each fib_to the lolal
estimated sales of the five cities. Since calendar
Near 2000 the Cin's share of those sales has
decreased from 135 percent to 40.7 percent.
Activity has taken place since the end of the
fiscal year which hope fall N, Will help reverse
this (read. In Augusl 2004. Old Nmy opened up
a retail outlet in the Westfield Shopping Center.
Kohls plans an April 2005 opening and Sears
Grand plans a fall 2005 opening. These tree
new rclail outlets should enable the Cil, to
iinprovc its regional drawing.
13
Staleand Local law Current[ state lave prohibits
the City from increasing any permit or license fees
AA about a vote, thus making it difficult for the City to
whet the increasing costs of pro%iding sen ices
associated ovith these revenues. 'The Cin' Chaner
prohibits any annual user tee increase of greater than
5% without a cote of the people. Althouglh Ihis
provision works well with the more significant user
fees such as water and sower rales, it makes raising
smaller user fees there cumbersome_ This provision
has had it greater impact an the Parks and Recreation
Fund where the City has declined up until the fiscal
3 car ending June 30, 2005 to make small increases to
CON er increased costs, as a convenience to its users.
Prior to these increases. the only park and recreation
fees that have been increased since 19971uuce been
fees at the golf course.
Budget for fiscal year ending Junc hi 2005 and
financial condition. The above factors, and many
more. helped limit the fiscal 2005 annual budget.
Although the budget was balanced. this was
acconhplished with nhhhinllun sufan incrc)6Cs. outing
some Cin services, an across could 5%increaw in
park and recreation fees, and by not adaµntely
funding equipment and n atiacnauce needs. The
CIA's atrcut financial position was strong in Ilial it
has more than adequate financial resources to con or
existing claims on those resources. However, the
financial condition was less than desirable
In h ue 2001 voters approved a '- cent lira' sales
las_ As a result of this estci source ofrevcuuc the
CII1 Will be iu position to uddrcss mem' public safety
wquipnmal needs and snake its pa}' plan more
coupclitiNo with other Missouri cilICA
.
Requests for Information
Tuts Financial report is designed to provide a general
Olen ]CAN or the Cite of Cape Girardean's finances
for all those with an interest in the On's finances.
Questions concerning any of information
provided in this report or requests for additional
financial information should be addressed to the
Finance Director. On of Cape Girardeau, PO Box
617. Cape Girardeau. MO 63702-0617,
SALES TAX COMPARISON
2000_
_ _2001
2002
_ 2003
Cape Girardeau
43.5%
42.2%
41.3%
40.7%
Carbondale
26 47,
F72%
2Z7%
283%
Jackson
90%
93%
94o,
9.5%
Perryville
Z31h
73%
72%
70%
Sikeston
13 a%
14 a%_
14.4%
145%_
1000%1000%
1000%
1000%
The previous table, which includes the Cily of
Cape Girardeau and significant root il centers
within a 50 mile radius, shows the percentage of
estimated sales made by each fib_to the lolal
estimated sales of the five cities. Since calendar
Near 2000 the Cin's share of those sales has
decreased from 135 percent to 40.7 percent.
Activity has taken place since the end of the
fiscal year which hope fall N, Will help reverse
this (read. In Augusl 2004. Old Nmy opened up
a retail outlet in the Westfield Shopping Center.
Kohls plans an April 2005 opening and Sears
Grand plans a fall 2005 opening. These tree
new rclail outlets should enable the Cil, to
iinprovc its regional drawing.
13
Staleand Local law Current[ state lave prohibits
the City from increasing any permit or license fees
AA about a vote, thus making it difficult for the City to
whet the increasing costs of pro%iding sen ices
associated ovith these revenues. 'The Cin' Chaner
prohibits any annual user tee increase of greater than
5% without a cote of the people. Althouglh Ihis
provision works well with the more significant user
fees such as water and sower rales, it makes raising
smaller user fees there cumbersome_ This provision
has had it greater impact an the Parks and Recreation
Fund where the City has declined up until the fiscal
3 car ending June 30, 2005 to make small increases to
CON er increased costs, as a convenience to its users.
Prior to these increases. the only park and recreation
fees that have been increased since 19971uuce been
fees at the golf course.
Budget for fiscal year ending Junc hi 2005 and
financial condition. The above factors, and many
more. helped limit the fiscal 2005 annual budget.
Although the budget was balanced. this was
acconhplished with nhhhinllun sufan incrc)6Cs. outing
some Cin services, an across could 5%increaw in
park and recreation fees, and by not adaµntely
funding equipment and n atiacnauce needs. The
CIA's atrcut financial position was strong in Ilial it
has more than adequate financial resources to con or
existing claims on those resources. However, the
financial condition was less than desirable
In h ue 2001 voters approved a '- cent lira' sales
las_ As a result of this estci source ofrevcuuc the
CII1 Will be iu position to uddrcss mem' public safety
wquipnmal needs and snake its pa}' plan more
coupclitiNo with other Missouri cilICA
.
Requests for Information
Tuts Financial report is designed to provide a general
Olen ]CAN or the Cite of Cape Girardean's finances
for all those with an interest in the On's finances.
Questions concerning any of information
provided in this report or requests for additional
financial information should be addressed to the
Finance Director. On of Cape Girardeau, PO Box
617. Cape Girardeau. MO 63702-0617,
BASIC FINANCIAL STATEMENTS
City of Cape Girardeau
Statement of Net Assets
For the Year Ended June 30, 2004
Primary Government
Governmental
Business -type
Activities
Activities
Total
ASSETS
Cash and cash equivalents
$ 5.834.827
22
$ 315,913.18
$ 6.150,740 40
Investments
19,844,36].96
4,853,765.64
24,698,13360
Taxes receivable
2,]63,056.14
-
2,]63,056.14
Utility charges receivable
-
1,198,365.51
1,198,365.51
Special assessments receivable
2,127,286
33
2]4,416.14
2.401,702 97
Interest receivable
366,483.]]
4],150.93
413,63470
Other receivables
2,167,834.85
35,436.58
220327143
Motor fuel receivable
124,68988
-
124,689.88
Grants receivable
507,284.94
5.210.25
512,495.19
Internal balances
1,698,35].14
(1,698,357.14)
-
Inventory
88,72302
23724519
325.96881
Prepaid items
446,65303
458,124.0]
9047]].10
Restricted cash and cash equivalents
-
6,428203 94
6.428,203.94
Restrct.tim,estments
-
2,9]8,974.42
2,978,9]4.42
Land
4,018,02321
248,108.90
4266,132.11
A Buildings
],322,904.31
3.019,056.65
10,341,960.96
Other improvements
3,726,299.19
61,573,730 21
65,300,02940
Equipment
2,539,68036
2,056,271.14
4,595,951.50
Infrastructure
1],026.00149
-
17026,001.49
Construction in process
038.949.45
23,1]],418.12
24,016,367.57
Total assets
$ 7144142279
$ 105,209,034.33
$ 176,650457.12
City of Cape Girardeau
Statement of Net Assets
For the Year Ended June 30, 2004
Primary Government
Governmental
Business -type
Activities
Activities
Total
LIABILITIES
Accounts payable
$ 984,27811
$ 515,08146
$ 1,499,35957
Salaries and benefits payable
941,895.49
133,719.11
1.075r614
60
Interest payable
600.726.44
495,638.74
1,096,365.18
Other liabilities
139,515.18
408,994.77
548,509.95
Estimated claims
685,000.00
-
685,000.00
Due to other governments
99,937.17
41,340.71
141,277.88
Unearned revenues
58,078.80
2,066.00
60144.80
Estimated! landfill post closure costs
-
106,000AO
106,000.00
Current portion long-term debt:
Notes payable
59,548,86
-
59,548.86
_ Revenue bonds payable
810,00000
3,073,000.00
3,883,000.00
CertOciate5 of participation payable
90,000
00
-
90,000.00
Leasehold revenue bonds payable
519,000.00
-
519,000.00
Special obligation bands payable
320,000
00
165,000.00
485,000.00
Long-term debt net of current portion.
Notes payable
415,592.59
-
415,592.59
Revenue bonds payable
21 287,13996
40,654,789.33
61,941,929.29
CeMiciates of participation payable
2,725,530.72
-
2.725,53072
Leasehold revenue bonds payable
201,000.00
-
201,000A0
Special obligation bonds payable
1,449,295.36
948,800.20
2,398,095.56
Total liabilities
31,386,53868
46,544,430.32
77,930,969.00
NET ASSETS
Invested in capital assets, net of related debt
7.594.750.52
47,800,530.34
55,395.280.86
Restricted for debt service
343.375.90
1,041,666.67
1,385,042.57
Restricted for door and replacemnt
-
827,000.00
827,000.00
Restricted for emergency fund
3,705,62000
1,364,146.05
5,069.766.05
Restricted for Mausoleum
05318.57
-
85,318.57
Restricted for River Campus Project
11,51131
-
11,511.31
Unrestricted
28,31430781
7,631.260.95
35945,568,76
Total net assets
5 40,054,884.11
$ 58,664,604.01
$ 98719,488.12
i 1 1 it 9 1 1 i i 1 1 i 1 1 1 1 1 1 1
City of cape Girardeau
Statement of Activites
For the Year Ended June 30, 2004
Net(Expense) Revenue and
Program Revenues
Changes in Net Assets
Primary Government
Operating
Capital Grants
Charges for
Grants
and
and
Governmental
Business -type
Functions/Programs
Expenses
Services
Contributions
Contributions
Activities
Activities
Total
Primary government:
Governmental activities:
Administrative
S 4,761,112.64
5 1,873.932.92
$ 125,03043
5 1,102096.10
S (1,660,053.19)
-
5 (1,660,053.19)
Development Services
1,681,368.11
306,481.44
21].186.91
-
(1157.719.76)
-
(1,157,719.76)
Interest and other costs
1,386
261.19
_
-
-
(1,386,26119)
-
(1,386.261.19)
Parks and Recreation
2,866,313.20
561712.59
-
819.707.86
(1,484,892.75)
-
(1,484,892.75)
Public Safety
8,91146625
923.32559
385.35581
17,13800
(7,585
646
85)
-
(7.585,64685)
Public works
2,709,139.95
8,750.00
-
2.849.243]6
148,853.81
-
148,853.81
Total governmental activities
22,315.681.34
3.674202.54
727.573.15
4,786.185.72
(13,125.719.93)
(13 125 719,93)
C Business -type Activities:
Golf Course
571,458.37
493,672.56
700.00
-
-
(77,085.81)
(77,085-81)
Sewer
3,987359.12
2563,945.00
0930
757281.76
-
(666,043 06)
(666,043.06)
Softball Complex
416.195.92
142.46]25
-
-
-
(273,728.67)
(273.728.67)
Solid'Naste
2,501.841.86
2,592.209.30
-
5.210.25
-
95.577.69
95,577.69
Water
4,808,229.17
5207,544.08
1.285.03
358232.78
-
758,83272
758,832.72
Total business -type
activities
12285,084.44
10.999,838.19
2.07433
1,120724,79
(162,44713)
(162447.13)
Total primary government
$ 34,600,765.78
S 14 674,040
$ 729.647.48
S 5,908.910.51
(13,125.719.93)
(162447.13)
(13,288,167.0(t)
1 Y 1 1 i
► 1 i t 1 i t
f 1
1
1 1 1
i
City of Cape Girardeau
Statement of Activites
For the Year Ended June 30,
2004
Net(Expense) Revenue and
Program Revenues
Changes in Net Assets
Primary Government
Operating
Capital Grants
Charges for Grants add
and
Governmental
Business -type
FunctionslPrograms
Expenses Services Contributions
Contributions
Activities
Activities
Total
Primary government:
Governmental activities:
General revenues.
Property taxes
1,965,644.50
-
1,965,644.50
Sales taxes
15,833,767.42
-
15.833,76142
Franchise taxes
2,931,078.76
-
2,931,078.76
Motor fuel taxes
1,465,709,36
-
1 465,709.36
Convention and tourism taxes
1298,518.37
-
1,298,518.37
Merchant licenses
960.384.22
-
960,384.22
Liquor licenses
57,86524
-
57,86524
Other taxes
131,434.07
-
131 434.07
Unrestricted grants and contributions
49230.54
-
49,230.54
Unrestricted investment earnings
564.112.62
359,170.38
923,283.00
Gain an said of assets
109,071
64
9,351.84
118,423
48
Transfers
(3,410,959.87)
3,410,959.87
-
Total general revenues
21,955,856
87
3.779.482.09
25,735,338,96
Change in net assets
8,830,136,94
3,617,034.96
12,447,171.90
Net assets - beginning
31,224,747.17
55,009,522.30
86,234,26947
Prior period adjustment
38,046.75
38,046.75
Net assets - ending
S 40,054,884.11
5 58,664,604.01 S
98719,488.12
1 1 1 i i
1
Y
Y
Y
Y Y
i 1
1 i
Y
Y
1
i
City of Cape Girardeau
Balance Sheet
Governmental Funds
For the
Year Ended June 30,
2004
Other
Total
Park and
Trans Sales Tax
Governmental
Governmental
General
Airport
Recreation
Trost Fund 11
Debt Service
Funds
Funds
ASSETS
Current assets.
Cash and rash equivalents
$ 165,53546
S 147514.52
$ 9.646.75
S 402,500.70
$ 29.29].8]
$ 4,915,462.9]
$ 5,669,958.2]
Investments
2,4]2,9]4.56
35,502.25
149,132.54
6,192,8]].26
389,088.45
7,988.240.34
1],22].815.40
Receivables-
Real estate taxes, net
28,052.10
-
-
-
8,952.52
5,972.08
429]6]0
Personal property taxes, net
5,005.91
-
-
-
1,701.12
950.39
7657.42
Sales lax
640,742.22
-
-
313,898.48
-
320.224.51
1.274,86521
Franchlse taxes
1,320.541
]6
-
-
-
-
-
1,320 541,76
Hotel 8 motel tax
-
_
-
-
-
46,045.23
46,045.23
Restaurant tax
-
-
-
-
-
70,969.82
70,969.82
Special assessments
137,706.76
-
-
416.918.08
381,93149
1.190.730.50
2,127286.83
Other
31,50].8]
2,106,613.62
1],801.51
-
-
263022
2,158,553.22
Interest
345,593.31
63.34
-
-
821.65
20,00547
366.483.]]
Motor fuel tax
-
-
-
-
-
88,038.39
88,038.39
Vehicle license fees
-
-
-
-
-
14,170.61
14,170.61
Motor vehicle sales tax
-
-
-
-
-
22,480.88
22480.88
Grants
58,646.11
571]0.00
-
55,145.28
-
33532355
507,284.94
Other funds
1,550.42
-
-
-
-
-
1,550.42
Inventory
120.42
2],820.]1
-
-
-
45,102.18
]3043.31
Prepaid items
93.999.30
42,364.04
1268.62
-
-
65,844.84
203.476.80
Total Current assets:
5,301,976.20
2,41],04848
1]],849.42
7,381,339.80
811.793.10
15,133.191.98
31,223,198.98
Nancurrent assets'
Advances to other funds
1,59868977
1,598.689]]
Total Noncurrent assets:
1,598,689.77
1,598.689.]7
Total assets
-J-2L220 ,665.9]
_1_24L7 .048.48
_1177 .84942
$ ].381.339.80
$ 811793.10
S 15.133191.98
$ 32821.@88.]5
1 1 1 1 1 1 1 i 1 1 1 1 1 1 1 i i It k
City of Cape Girardeau
Balance Sheet
Governmental Funds
For the Year Ended June 30, 2004
Other
Total
Park and
Trans Sales Tax
Governmental
Governmental
General
Airport
Recreation
Trust Fund II
Debt Service
Funds
Funds
LIABILITIES AND FUND BALANCES
Current liabilities:
Accounts payable
$ 306,139.12
S 86,795.99
$ 57,521.34
$ 89015.98
$ -
$ 361929.21
$ 901,401.64
Salaries and benefits payable
165,690.34
9,022 89
34,130.39
-
-
48074
209,324.36
Other liabilities
80,881.11
38,]89.18
19,773.61
-
-
-
139,443.90
Due to other governments
321.45
-
-
-
-
2,206.64
2,528.09
Pay able to other funds
-
-
-
-
-
1,134.00
1.13400
Unearned revenues
16,81622
19,308.63
21,953.95
-
-
-
58078.80
Deferred re venues
164,830.15
416,918.08
390213.20
1,179,185.85
2,151,147.28
Total Cument liabilities:
734,678.39
153,916.69
133.379.29
505,934.06
390213.20
1,544.93644
3463,05807
Non current liabilities _ :
Advances from other funds
88,109.22
88,109.22
Total Non current liabilities'.
88,109.22
88,10922
Total liabilities
734,678.39
242,025.91
133,379.29
505,934.06
390,213.20
1,544,936.44
3,551,16729
Fund balances:
Reserved
4,735435.73
2.204,907 19
34,977.16
128,42648
421,579.90
2,991,688.34
10,517,014.80
Unreserved
1,430,551.85
(29,884.62)
9.492.97
6,746,979.26
10,596,567.20
18.753 706.66
Total fund balances
6,165,987.58
2.175,022 57
49.470.13
6,875,405.74
421,579.90
13,588,255.54
29.270 721.46
Total liabilities and fund balances
$ 6,900,665.97
$ 2,417,048.48
$ 177,849.42
S 7,381,339.00
$ 811,793.10
$ 15,133,191.98
$ 32,821888.75
I 1 i 1 1 I i i 1 1 1 1 1 1 1 1 1 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 30, 2004
Fund balances of governmental funds $ 29 270,721 46
Amounts reported for governmental activities In the statement of net assets
are different because'.
Capital assets used in governmental activities are not financial 33.491,229.99
resources and, therefore, are not reported in the funds.
Long-term liabilities, including bonds payable, are not due anc (27,26192742)
payable in the current period and therefore are not reported In the
funds.
Internal service funds are used by management to charge the 3,710,479,77
costs of management Information systems, fleet management.
employee fringe benefits, workmen's compensation, and
equipment replacement o individual funds.
ro Other long-term assets are not available to pay for current period 850.380.31
0
expenditures and, therefore are deferred In the funds,
Business Type Activities _
Net assets of governmental activities $40 054 88411
1 i f Y 1 Y
f
i
Y
Y i
1
Y 1
1
1 1 f 1
City of Cape Girardeau
Statement of
Revenues.
EapendItures. and Cre.,ne
in Fund
Balances
Govemmental Funds
For Ire year Ended June 30,
2004
Other
Total
Park and Tans Sales
Tan
Gpvemmental
Govemmental
General
Al Too
Recreation Trust Fund
11
Debt Se—
Funds
Funds
REVENUES
Tams$
12377,69986
$
-
$ $
3 576
428 65
$ 42870042
$ 5 555 869 46
$ 22238,898.39
Licenses 8 permits
1152,724.86
-
-
_
-
476600
1,157,49186
Iateyoverentaal
48817403
247
667 Or
-
46591802
10257 28
2745,09087
3,957,10].20
Chagas for se',as
395 981 88
1 060
058.80
501.749 36
-
-
-
1,957,]90.04
Intemal charges
64507575
-
-
-
64507575
Fines and forfeits
790,746 39
--
790 yy 39
Miscellaneous
102,66875
34740
2,50008
-
2770272
1,89166
135.11051
nveslment revenue
10648664
632.54
1,59075
98,98437
3233114
282,00085
52202649
Special assessments
1A5932
30.02863
66.010.56
556.07965
654,37816
Total revenues
16061,21]68
1.30870574
505,640.19
447',35967
565,802.12
9,14569849
32058,62389
EXPENDITURES
Current
Administrative
170090663
151392896
-
6.30)63
1,075,581 97
4,2%168.19
Oevelopmenl Services
1,534231.50
-
-
122093.12
1,656,32462
i and Recreation
1 331 63181
1 223901.56
-
-
2555.613. 37
PiSistety
8466,523.66
-
-
-
-
17977613
8,129979
Public works
2040,35986
113.80
-
21093746
225141/14
N Debtservke'
Admiostretive charges
-
-
2164.53
7087100
7303553
Interest
310161
11,65172
12121
292,559.72
838734.49
1,146,16875
Issue.. cost
-
8778
16720
211
Pbncipal
10,19839
1400500
-
1,730.70000
093,00000
2,647,90339
Capital..ay
100.725 35
137,446
92
2E.00
2099.076.45
-
3.166,890 57
5 515 063.19
Total expenditures
15,195.67883
1676/73250
1227046.77
2.099,11.25
2,031,862136
6.55805194
2878826295
debass(defrciency( of
e penditures
86553685
1367726761
17212.58)
2372,16942
(1,466,060.541
2,587.546.55
3170,360.94
OTHER FINANCING
SOURCES (USES)
Tansfers out
(1,782,33963)
(30,
192.64)
-
-
-(
4,489,70601 (
(6,310,238 28)
TransfersIn
109117500
472526.00
750,161 16
20000000
777621.13
630.04683
3,929,530.12
Asselde
716,66500
-
-
-
-
86.116500
R.,ymtbn
Advdaent
Rep
Total other financing
Tot
sdumes and uses
(60429963)
43433336
75016116
20000000
77762113
(3,851,659 18)
Q2184316)
Net Change to fund
balances
261,23922
66,60660
28,95458
2,572,169.42
(600,43941)
(116401263)
976.51778
Fund balances - beginning
590474836
210841597
15515.55
43123632
1,110,01931
14.852268.17
28.29420368
Fund balance, - ending
$ 6,165,907.58
$ 2,175.C22
i7
5 44470.13 S
6.87540574
S 421,57990
$ 13.588,25554
5 29270 721 46
1 1 f i 1 1 1 i i 1 Y ► 1 1 1
City of Cape Ghbod!.au
Reconciliation of the Statement of Revenues, Expenditures,
and Changes In Fund Raiseces to the Statement of Aclivltin
For Year Ended June 30, 3000
Net change In fund balances -total govemmental Nntls $ 89651] ]B
Amounts reported for gov vestal acWdres m file statement of ectivids
are different because:
Capital assets eased govemmental activeds are got 5,406,911 u3
financial resources and, thereforeare net reposed In the
fonds.
Longterm liabilities , including bonds payaele, are not ace 3,566,676.94
and payable it the current period and therefore are not
reported In the funds.
Internal seined funds ere used by management to charge the (304,909 53)
costs ofmanagement lnformishot systems feel
management employee forge benefitswoM1mels
comoensaion and equipment replacement to individual
fund
other longaerrn assets are net available to pay for consent.
64.9]8.ffi
period expenditures and, therefore are deferred In its tunas
Busnen-Type Activists 0.00
b Change In net assets of govemmental activities
$ 8630,136.94
N
1 1 1 1 1 i
1 It
f
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,
2004
Business -type Activities - Enterprise Funds
Total
Gov. Activities
Proprietary
Internal Service
Sewer
Water
Solid Waste
Golf Course
Softball Complex
Funds
Funds
ASSETS
Current assets:
Cash and rash equivalents
$ 156,74546
$ 83,15444
$ 69,347.82
$ 3.366.60
$ 3,298.86
$ 315,913.18
$ 164,868.95
Investments
2,407.35442
1.277
35T06
1,065,898A7
49,399.99
53,756.10
4,853,765.64
2,616,55256
Utilities charges, net
338,323.66
621,61445
238,427.40
-
-
1,198,365.51
-
Special assessments
217,375.54
57,040.50
-
-
-
274416.14
-
Other
3,129.62
28,576.79
3.169.97
375.20
185.00
35.436.58
9,281.63
Interest
43,525.15
3,625.73
-
-
-
47,150.93
-
Grants
-
-
5,210.25
-
-
5,210.25
-
Inventory
-
233,203.05
-
4,042.74
-
237,245.79
15,679.71
Prepaid items
346,312.77
94,468.98
15,640.40
1,129.66
572.26
458,124.07
11,728.53
Total Current assets:
3,512,766.62
2.399
041,15
1,397,693.91
58,314.19
57,812.22
7,425,628.09
2818,111.38
t.Noncurrent assets:
Restricted Cash and Cash Equivalents
6,306,594.81
121,426.17
182.96
-
-
6,428,203.94
-
Restictedlnvestments
131.187.34
2.844
987
279943
-
-
2,978,974.42
-
Advances to other funds
-
-
-
-
-
-
88,109.22
Land
135,86935
-
112239.55
-
-
248,108.90
37,500.00
Buildings
8,179,738.39
209,476.78
836685.22
143,802.24
7,720.00
9,377,422.63
457,347.90
Equipment
2,174,082.13
1479,244.03
1,711,129.31
429,804.01
152,046.98
5,946,306.46
4.3B4,728
80
Other improvements
55,995,141.13
21,517
204,43
277,279.08
575,55609
33,599.65
78,398,780.38
116.725.00
Construction in progress
4,188,113.16
18.989,304.96
-
-
-
23,177,418.12
27,69042
Accumulated depreciation
(19,124,069.12)
(5,037,794
-CO)
(2,058,663-06)
(697,859.31)
(155,065.98)
(27,073,45147)
(3.043.36410)
Total Noncurrent assets:
57,986,657.19
40,123,85C.02
881,65249
-T2,279,346
451,303.03
38,300.65
99,481,763.38
2,068,737.24
Total assets
$ 61,499423.81
S 42522.991.'7
.40
$ 509,61722
$ 96,112.87
$ 106,907,391.47
$ 4,886,848.62
1 1 1 1 1 i
i
1
i 1
t
1 1 t
i
1
1
1
i
City of Cape Girardeau
Statement of Net Assets
Proprietary Funds
For the
Year Ended June 30, 2004
Business -type Activities - Enterprise
Funds
Total
Gov. Activities
Proprietary
Intemal Service
Sewer
Water
Solid Waste
Golf Course Softball Complex
Funds
Funds
LIABILITIES
Current liabilities:
Accounts payable
$ 150,48327
$ 18882.'99
$ 136474.72
$ 11.97045 $
27,325.03
$
515,081.46
$ 82,87647
Salades and benefits payable
49.430.43
1,623.01
41,64].18
23,201.17
17,817,32
133,719.11
30,728.94
Interest payable
336,239.37
15]037.73
2,361.64
-
-
495,638.74
1,801.66
Other l iabillbes
17357514
160108.91
72,10277
320795
-
408,994]7
7128
Estimated claims payable
-
-
-
-
-
-
685,000.00
Due to other governments
16,648.25
24,69246
-
-
-
41,340.71
-
Advances from other funds
17,183.16
-
-
19.856.10
-
37,039.26
Notes payable
-
-
-
-
-
-
59,548.86
Revenue bonds payable
2,348,000.00
725,000.00
-
-
-
3,073,000.00
-
ro Special oblig bonds payable
79,541.83
50,617.53
34,84064
-
-
165,000.00
-
r- Payable to other funds
-
-
-
-
41642
416.42
-
TotalCurrentliabilities:
3,171,101.45
1.307 907A3
287,426.95
58.235.67
45,55877
4,870,230.47
860,027.21
Noncurrent liabilities:
Advances from other funds
288,394.57
-
750,
OCO.00
333,255.94
190,000.00
1,561,650.51
-
Notes payable
-
-
-
-
-
-
415,592.59
Revenue bonds payable
32896,196.06
7]58.59327
-
-
-
40,654,789.33
-
Certofparticipation payable
-
-
-
-
-
-
Specialobligbondspayable
457,007.60
290.011.28
201,781.32
-
-
948,800.20
-
Estlandfllpostdosurecost
-
-
106,000.00
-
-
106,000.00
-
Unearned revenues
-
-
-
-
2.066.00
2.066.00
-
Total Non cement liabilities:
33,641,598.23
8,048,60455
1,057,781.32
333.255.94
192,066.00
43,273,306.04
415,592.59
Total liabilities
36,812,699.68
9,356,512.18
1,345,208.27
391.491.61
237,62477
48,143,536.51
1,275,619.80
NET ASSETS
Invested In capital assets, net of related
17,125,225.78
29 536.278 44
649,422
44
451,303 03
38,300.65
47,800,530.34
-
Restrictedfordebtservice
-
1041,666.67
-
-
-
1,041,666.67
-
Restrictedfordoerandreplacemnt
127,00000
700,00000
-
-
-
821000.00
-
Restdctedforemergencyfund
333,15900
750,043OJ
371,395.00
-
-
1463,397.00
-
Unrestricted
7,101,33935
1,129,590.08
(86,67931)
(333,177.42)
(179,812.55)
7,631,260.95
3,611,228.82
Total net assets
$ 24,686,724.13
$ 33 166,378 99
$ 934,13013
$ 110,125.61 $
(141,511.90)
$
58 763,854
96
$ 3,611,228.82
Adivstri to steel the consoliaallon of otzmel
service fund ecbvlties related
to enterprise funs' net
assets of business
type aerates
99,250
95
$
58,664,604.01
I 1 i 1 i 1 i i i 1 l 1 Y 1 1 1 1 1 1
City of Cape Gtrardeau
Statement of Revenues, Expenses, and Changes In Fund Net Assets
Proprietary Funds
Far the Year Ended June 30, 2004
liusinessiype Activities - Enterprise Funds
Total
Gov. Activities
Proprietary
Internal Service
Senver
'.Nater
Solid Waste
Goll Course
Softball Complex
Funds
Funds
Operating revenues_
Re5den6al charges
S 1512.62212
5 2.857.296.30
$ 1,748,818.79
S
$ -
8 6.118.]3].21
$ -
Commercialmerges
983,55578
2,196.31713
2524826
-
-
3205,121.17
-
Transferstationcbarges
-
712,184.36
-
-
712164.36
Other fees antl charges
40,318.08
80.926.10
74,96139
-
196.105.57
-
Chargesforservices
-
59,50178
-
-
59.501 78
-
Concessionrevenues
-
71,52635
69530.96
141,057.91
-
Epuipmentsales
-
-
-
981760
9,353.50
19.17110
-
Intemal charges
-
-
-
-
4232890.67
Usage lees
-
-
-
41216257
63,99806
476,16063
Miscellaneous
27,44902 2744992
1360277
30,996.50
665.44
(415.27)
7249646
6645.69
Total Operating
2563.945.00
520754408
2,59220930
494,37256
142.46725
11.000,538.19
4,239.536.36
Operating expenses:
Personnel services
09687546
10240304
954,227.64
275498.93
246,52781
2.475,532 88
583,194.33
Materials 8 supplies
244,20340
320,358.38
77.759.61
56,17737
51.500.99
749.99975
288406.64
Contractual services
142,653.17
2,962534.19
934927.89
25,32213
18 19090
3903628.28
3,124448.20
General operating expenses
31 491 18
168,340.90
24.57993
48,52125
53.506.93
326,44019
52,72491
Special programs
52,34589
39,539.12
113,386.55
6490.00
8.452.13
22021369
-
Internalserviceexpenses
73,637.58
40,677.54
198,049.14
66,60441
20.05297
401 421 64
232200
Depreciation
1,641[1.62
692570.17
12298175
66,075.42
605245
2,536,33741
46940244
Total operating expenses
3089964.30
4,226,523.34
2425912.51
548.889.51
404.284.18
10695,57384
4.540498.52
Operating Income(loss)
1526,01930)
90102074
166,29679
(54516 95)
(261,816.93)
306,984.35
(300,962.161
Nonoperating re enuea (expenses):
Intergovernmental
69.30
1,28503
-
-
-
1,374.33
-
investmemrevenue
292,141.16
44.695.91
20.003.12
74687
503.32
359,17038
52,50089
Gain from sale of a...1
-
-
870)24
561.60
9.351.64
21,646.48
Interest and Other charges
(815,183.59)
(564,002.57)
(29,682.04
(18.643.24)
(5,28325 )
1432,99469
( )
(PA84194)
Issuance ..of concentration
(60,16405)
(17,140.61)
(344 06,
_
(7],646.72)
(1622.54)
Loss from sale of asset
(843 38)
-
-
-
-
(843.38)
(10.29657)
Total non operating revenue(expenses)
(583,960.56)
(53496224)
(55274)
(!739477
- )
(4779.93)
(1,141 590 24)
33,96932
Income (loss) before contributing and transfers
(1,109.97986)
446058.50
165.74405
(71,851]2)
(266596 86)
(836,625.89)
(266,972 84)
Contributed cap -conett fee
202,060.53
-
-
-
-
202,060.53
-
Contributed cap developers
466417.00
360.17997
-
-
-
840,59697
-
Contributed cap donated east
-
-
-
-
-
-
670.00
Contributed cap government
42,243.20
97333289
-
-
1,015,576.09
Cocvlbuted no -grants
-
-
52.025
-
-
521025
Contributed cap -special ass
72,849.35
(1,947.19)
-
-
-
70.902.16
-
Transfers ln
1,983,08156
120.000.00
27,965.86
26629124
2,397.338,66
125,777.00
Transfers all
-
-
-
1142407.501
Change In net assets
1.670,671 .78
1,89762417
17095430
(43 885
(305-62)
3,695,050]7
(282,933.34)
Total net assets — beginning
22.978,005.60
31268754-62
763.10'3.03
162,01:47
(141,20628)
5503074944
3,694.16216
Prior period adjustment
380467,
3804675
Total net assess — ending
524,686724.13
$ 33 166
378.99
$ 934.138.13
5 118,12561
($ 141511.90)
8 58]63054.98
% 3611228-82
Adjustments to reflect the consolidation of Inlemal service and trustee he
to entero^se
fund.
7802381
Change In net assets of business type activities.
E 3,617,03496
I 1 Y i L 1 i i i i 1 i 1 1 i i i 1 It
City of Cape Girardeau
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2004
BusinesstypeActivities Enterprise Funds
Govemment
Total
Activities
Softball
Proprietary
Internal Service
Sewer
Water
Solid Waste
Golf Course
Complex
Funds
Funds
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers
4 258675767
5 5.3646C547
5 2,570.398 f,6
5 493684.16
5 142467.25
$ 11.157,913 21
5 101,67642
Receipts from'mterfund services
5,641.25
-
25,24826
-
-
30.88951
4.137,02638
Other receipts
-
-
-
700.00
70000
-
Paymentstosuppllers
(452,915.29)
(3.377.79104)
(1,068,32112)
(131,89220)
(130,861-48)
(5,161.58473)
(3,310 86,r 59)
Payments for ealaneS and benefits
(894469.14)
(101,933 04)
(941, 829. E5)
(93.696.87)
1246,332211
(2,458.26691)
(578,58314)
Payments for lnterfund services used
(73,97958)
144677541
(19604914)
(77,46359
(23.16817)
(413,338.02)
(3 026,00)
Payments made in lieu of franchise taxes
-
111&5915,3
-
-
-
(119,593.51)
-
Remittance of taxes collected from customers
(15.81201)
(171,955351
-
-
(187,767.36)
Other payments
(13,118.82)
-
-
-
-
(13.11602)
-
_
Net f25h provided (used) by operating activities
1.155,22290
1,539,536.17
387,443,41
11,531.60
(25],89461)
2835.839.37
346,22907
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Transfers 4r0m other funds
'20.COO .CC
27,965.86
265,221.58
414.18744
Transfers b other funds
-
-
-
-
-
-
(114,17500)
Interest paid to other funds
-
-
(20.56521)
(4267)
(5,28325)
(25,891 13)
.
Subsidy from federal grant
11,50447
9,54056
'545
343.21
21,483.69
-
Net cash (used) by mal (mancing
11.584,47
129.54058
(2054)76)
27,92319
261281.5.
40978050
(114.175.00)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING
ACTIVITIES
Proceeds from capital debt
-
-
-
-
-
121,500.00
Capital contributions
32548545
26 548 86
-
-
-
35203491
_
Purchase of capital assets
(79.43595)
('70,0987-'',173,33890
( )
(8,264 00)
(1.330.00)
(440,46359)
(486.711.95)
Acquisition and construction of ca pi tar assets
(1 43228814 )
(89,039.'.4)
(69,61650)
-
-
(15/0,943.28)
-
Principal paid on capital debt
(1,792,66591)
1700,51753,
(3.,840041
(18,6069)
-
(2.546 724,65)
(241,35855)
Interest paid on capital debt
(910,438 41)
(521.802-681
(-0,0C2611
(18.89932)
(1.461.143 02),35184
(28 729,92)
Proceeds from sales Of Capital assets
-
-
0,]90.24
561.60
-
9,351.84
3149848
Trans'ors In for capital acquisitions
-
-
-
-
-
125.777.00
Transfers Ia for payment of capital related debt
1,983,08156
-
-
-
1,983,080 56
-
Tranafer5 out for payment of capital related debt
-
-
-
-
-
(28.23250)
Net cash (used) by capital and related financing
actnit,es
(1906,26140)
(1,40350923
-(279 007,91)
45,20229)
-(1,3,10 00)
(3,6-74,01003)
(506,25744)
i 1 1 1 1 1 1 1 1 t 1 i 1 1 t 1 1 1 1
City of Cape Girardeau
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2004
BusinesstypeActivities - 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
254,90507
155.102.32
30,19'.,73
107000
718-96
442,06720
70655.41
Rotatable interest received
5,86694
-
-
-
5,86694
-
Paymentofrebatable Interest to government
(13.69857)
-
-
-
(13,698.57)
-
Netchangeinpooledinvestments
(675.723-16)
(441160.17)
(133.8149)
3A39 44
(4,112.55)
(1,252 370 71)
93,01902
Proceeds from sales and maturities of investments
-
1,115,000.00
-
-
-
1.11500000
250,000.00
Purchase of Investments
-
(1099.662051
-
-
-
(L099,882.85)
(243492.60)
Repayments received on advances to other funds
-
-
-
-
-
-
26,585.92
Net Cash provided by Investing activities
(420.56972)
(271 4,0 60;
(103,922.54)
4,209.46
(3,39448)
(802,797.81)
196,96775
no
Net Increase (decrease) in cash and cash
equivalents
(1,168.02375)
(45,3410)
(15.73580)
(1,538.16)
(1,337.56)
(1,23198937)
(7723562)
Balances - beginningofyear
7631,36402
240,933]1
-85.267 58
4,90476
463642
7976.10649
24210457
Balancesendof the year
S 6,463,34027
5 204580.61
S 69,530.78
S 3366.60
3 3.298.86
5 6,744.11.12
S 164,868-95
Reconciliation of operating income (loss) to net cash provided (used)
by operating
activities:
Operating Income (less)
(526,019.30)
981.02074
166.29679
(54,516.95)
(261,81693)
304.964.35
(300,962.16)
Adjustments to reconcile operating income to net
cosh provided (used) by operating activities:
Depreciation expense
1,648,55762
692.670.17
122.981.75
6807542
6,052,45
2538,33741
489,40244
Changes in assets and Liabilities:
Accounts Payable - supplier
(6,957.14)
(122,350.06)
64,290.74
(2,665.27)
(4,165.69)
(71,847.42)
152268.69
Accounts payableother9,248-50
11,95668
6,65553
6700
2966-00
2999379
-
Salaries 8 benefits payable
2,409.32
470.00
12,39799
1,80206
195.60
17,271.97
4,611.19
Customer receivables
28,72541
546995
1490571
(5540)
-
4804567
(83356)
Other operating recalvables
-
-
-24200)
(
(18500)
(427.00)
10510.38
Prepaid expenses
(73859)
133.02
(8510,
(661.34)
(41 04
(1,393.05)
(2,804.80)
Invent,
-
(29,83433)
-
(27202)
-
(30,10635)
(5963.09)
Net cash provided by operating activities
5 1,155,22290
$ 153953617
S 387,44341
3 11,53150
is 29,89461)
5 2,835,83937
$ 346,229-07
I i 1 1 1 1 1 1 1 1 1 1 1 1 i i 1 1 1
City of Cape Girardeau
Statement of Net Assets
Fiduciary Funds
For the Year Ended June 30, 2004
Agency
Funds
ASSETS
Cash and cash equivalents
$
57.218.43
Investments
876,000.08
Real estate taxes
14,242.03
Personal property taxes
3,935.88
Other
293.49
Total assets
$
951.689.91
LIABILITIES
Accounts payable
$
14,771.32
Salaries and benefits payable
8,493.90
Other liabilities
928,424,69
ro Total Liabilities
W
$
951,689.91
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE A - SUMMARY 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. The 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.
L 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 forwhich the elected officials
of the City are financially accountable. The Cape Girardeau (Missouri) Public Facilities Authority(CGPFA)is
a blended component unit of the City. The financial statements of the CGPFA are included in the
accompanying financial statements of the City.
Cane Girardeau (Missouri,) Public Facilities Authority- As described in Note E. the City has entered into four
lease agreements with the CGPFA "Phe CGPFA is a not-for-profit corporation organized and existing under
Chapter 355 offhe Revised Statues of Missouri. The CGPFA boarcl ofdirectors consists of'City olficials and
City Council members. Due to the significant City influence and financial accountability, the activities of the
CGPFA are blended with the financial presentation of the City_ The CGPFA was organized to execute the
bond indentures for the purpose of issuing and securing the Series 1993 Bonds, Series 1994A Bonds, and
Series 1997A Bonds, and 1997B Bonds- These bonds were used to finance construction and improvements to
sewer, solid waste, street, airport, flood control, and other capital improvement projects. The bond payments
are obligations of the CGPFA_ 'f he CGPFA has entered into a Lease Purchase Agreement with the City from
which the lease payments will be used solely to retire the debt_
Although not a component unit of the City, the City handles the Ponds of and provides accounting and other
services Cor several entities. Since these funds are held by the City, these entities are shown as Agency Funds
in the financial statements.
29
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENT S
June 30, 2004
NOTE A - SUMNIARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
2. Government -wide and fund financial statements
The government -wide financial statements (i.e., the statement of net assets and the statement ofchanges in net
assets) report information on all of the nonfiduciary activities of the primary government and its component
units. For the most part, the effect of interfund activity has been removed from these statements. Govern-
mental activdies, which normally are supported by taxes and intergovernmental revenues, are reported
separately from bnsnress-type activities, 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
frmction or segment. Program revenues 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 of a particular function or
' segment_ 'Faxes and other items not properly included among program revenues are reported instead as
general revenues.
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 funds and major individual enterprise fronds 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 resoarce.s measmrenrenl focus and
the accrual hams o/'accomtturg, as are the proprietary fund financial statements. Revenues are recorded when
earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows.
Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the
provider have been met. With the economic resources measurement focus all assets and liabilities associated
with operations are reflected in the statement of net assets
Governmental fund financial statements are reported using the emrett financual revom'ces measurement fones
and the modified accrual basis of accounting. Under the modified accrual basis revenues are recognized as
soon as they are both measurable and available_ Revenues are considered to be available when they are
collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this
Purpose, the government 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_ However, debt service expenditures, as well as expenditures related to compensated absences and
claims and judgments, are recorded only when payment is due. Those revenues susceptible to accrual are
property taxes, franchise taxes, special assessments, licenses, 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 accrual because, generally, they are not measurable until received in
cash. With the current financial resources measurement focus, only current assets and current liabilities are
generally included on the balance sheet.
30
City of Cape Girardeau, Missouri
NO fES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
3. Measurement focus, basis of accounting, and financial statement presentation - Continued
The government reports the following major governmental funds
The general find is the government's primary operating fund. It accounts for all financial resources of the
general government, except those required to be accounted for in another fund.
The airport fined accounts for the resources used in the operation and maintenance of municipal airport
facilities.
The parks and recreanoi2 fund accounts for the resources used in the operation of park and recreational
activities.
The trate8parahott sales lax trust R./end accounts for the receipt and expenditure of a capital
improvement sales tax that was approved by voters in August 2000 for street construction and
improvements.
The debt service fund accounts for the resources accumulated and payments made for principal and
interest on general long -teen debt of governmental funds.
The government reports the following major proprietary funds.
The senerfund accounts for the operation of the city's sewage treatment plant, sewage pumping stations
and collection systems.
'I lie naterfruud accounts for the operation of the city's water treatment plants and distribution systems.
The solid waste fund accounts for the operation of the city's residential solid waste and recycling
programs.
'I he golff utd accounts for the operation of the municipal golf course.
The softball contplex furnd accounts for the operation of the city's softball complex, and maintenance of
the city's soccer, baseball, and softball fields.
Additionally, the government reports the following fund types.
Internal service fntds account for data processing, fleet management, employee benefits, workmen's
compensation, and equipment leasing provided to other departments or agencies of the government, on a
cost reimbursement basis.
Agency funds account for the operations of the library, arena improvement committee, and parks
development foundation.
Private -sector standards of accounting and financial reporting issued prior to December 1, 1989, generally are
followed in both the government -wide and proprietary fund financial statements to the extent that those
31
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES — Continued
3. Measurement focus, basis of accounting, and financial statement presentation - Continued
standards do not conflict with or contradict guidance of the Governmental Accounting Standards Board.
Governments also have the oplion of following subsequent private -sector guidance for their business -type
activities and enterprise funds, subject to this same limitation. The government has elected not to follow
subsequent private -sector guidance.
y As a general rule the effect of interfund activity has been eliminated from the government -wide financial
statements. Exceptions to this general rule are payments -in -lieu of taxes and other charges between the
�. government's enterprise function and various other functions of the government. Elimination of these charges
would distort the direct costs and program revenues reported for the various functions concerned.
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 revenues rather than as program
revenues. Likewise, general revenues include all taxes.
Proprietary funds distinguish oper-adng revenues and expenses from tionoperaliug items. Operating
revenues and expenses generally result Gory 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 meet-
ing this definition are reported as nouoperating revenues and expenses.
32
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STA"IEMENTS
June 30, 2004
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES — Continued
4. Capital Assets
All capital assets are recorded at historical cost or estimated historical cost if actual historical cost is not
available. Additions are recorded at cost or, if contributed 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 loss to income.
Depreciation of 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 3-10Vears
When applicable, interest costs are capitalized on self -constructed capital assets
5. Encumbrances
Encumbrances represent commitments related to unperformed contracts forgoods or services. Encumbrance
accounting is utilized in all funds. Encumbrances outstanding at the end oftheyear in the governmental finds
are reported as reservations of fund balances and do not constitute expenditures or liabilities because the
conunitmenls will be carried forward and honored during the subsequent year. Encumbrances outstanding in
the proprietary funds do not constitute expenses but will be hollered 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
government -wide statement of net assets.
33
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES — Continued
6. Budgets and Budgetary Accounting
The City adopts annual operating budgets for all funds.
The City follows these procedures in establishing the budgetary data reflected in the financial statements.
I. The City Manager submits to the City Council a proposed operating budget for the fiscal year
following July 1. The operating budget includes proposed expenditures and the meansoffinancing
them
2. Public hearings are conducted to obtain taxpayer comments.
3. Prior to July 1, the budget is legally enacted through passage of an ordinance.
4 'fhe City Manager is authorized to transfer budgeted amounts between programs within any
department, however, any revisions that alter the total appropriations ofany department must be
approved by the City Council. Deparnnents may not legally exceed their appropriations without
approval from 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.
+ 6. Budgets for all funds are adopted on a budgetary basis_
7. If, during the fiscal year, the City Manager 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 16, 2003 and amended on March L. 2004 and July 6, 2004. The initial
budget and final amended budget are both reflected in the financial statements.
For the year ended June 30, 2004 the fund expenditures for Vision 2000, Fringe Benefits, Risk Management,
and Equipment Replacement funds exceeded their approved budgets by $1,401, $156,029, $133,179 and
$57,461, respectively.
The Statement of Revenues. Expenditures, and Changes in Fund Balances -Governmental Funds reports
revenues and expenditures on the modified accrual basis of accounting in accordance with GAAP. The
Statements of Revenues, Expenditures, and Changes in Fund Balances -Budget and Actual (Budget Basis) for
all governmental fund types is prepared on a budgetary basis which includes encumbrances as expenditures.
34
,.
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
— Continued
6. Budgets and Budgetary
Accounting - Continued
The following reconciliation
adjusts GAAP basis to budget basis.
Lseeve (Dnfieicnc}9 oCRcvenuea and Omer
Financing Sources ovcr(under) Espcndi¢ucs
and
Other Fine ch gh;gs,
Parkeand lnnsportminn
Debt
Nun -major
General Aimarl 13cercaEon Trusl 11
Sent/
I ,nd,
6AAPBass
$261,2.38 $66,607 $28--955 52572,169
(5688,439)
($1,264,013)
Increase due to
Yearend ciii,l I enecs
Administrative Services
17,839 2,162 - -
-
234
llccelupmcnl xcniccs
4,206 - - -
-
Puks mtd na.rcalin I
- - 4329
-
-
PublicSalciv
18388 - - -
-
479
PnN,, Winks
29678 - - -
-
-
Cupiwl ouday
- - - 6✓19,581
-
934,944
Adcmnn Itnm mhcr binds
15,25S - - -
-
-
AdjmninacaLacnl,
18932 360 ILLS 91771
9545
19616
Water Intprovanents Iimd
not budyduduniwIll,
- -
998-813
163,699 �_. 2,522_ 5014 _ 6913Y)
9545
1994086
r
Decrease due ta.
Year-end owumhrancev
Adnii113q[ lirel, V6R
7398-
Dctclopinnrtsmnccs
i 389 - - -
-
Parkx:md mcmalinn
1,596 - 23(,4
-
-
Publicx:dv-h
22994 - -
-
3134
Public [rink,
0,483
Capital outlay
- - - 129,126
-
778,055
Ad, it,
26,586 _ _
_..
41,860 54137 2.364 128421
781,4S9
Budget Baaia
..5383076 $14,992 531,625 .$3,135,1 02
.($678,894)
(S _5141[)
The individual 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.
35
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
6. Budgets and Budeeta" Accountine - Continued
36
Net Income (Loss)
Solid
Golf
Softball
Sewer
Water
Wast,
Cuure
Complex
GAAPBasis
S 1,670,672
51,897,624
$170,954
8(43886)
5 (306)
hmrcasc due to
Prior vat encumbmneer
Contractual services
18,636
2,643
3,982
8541
4367
r
Capital Outlays
962,586
-
66445
8,414
-
Dcpreeiation
1 648,558
692,670
122,982
68,075
6.052
Capital grants
-
-
5210
-
-
fipcciala6seaaracros
110217
26,549
-
-
-
`�
st,", connerlion lees
202.061
-
-
-
-
lntcrestpaid Icss than accrual
(350,x72)
-
-
-
-
dntcrast cost amnot,cd
771528
-
-
-
-
Cost ofboard 1&indmganiornzatioa
516
53,900
-
-
-
A,ortizalboadpremiumdisenonl
-
3,969
(574)
-
-
lesurncecnelavnottixallon
60,081
17.090
-
-
-
A,Iounts defCl and to be 111 111 for fatwe debt
Service on capital app,crip,ori bonds.
Construction fund earnings
105,662
-
-
-
-
A,,tdisTosilinnx
843
-
-
-
-
Adjust inve.amtcnis to mnrkd
17,827
97,916
9,306
323
215
Dlffacnce bemccn pmeecd, Gum sale of
ft,cd aB9e19 Antl gala ra !OSS
-
36,500
-
-
-
31'{867
1 .2
20,.'11 __
&-11 J]
IU,/,1.1
Diel ease it al k'
•.
Year,nd en. ant base
cnmactuul zcleoce
8,8i9
26,646
10t
ill
979
Capital out laps
889-191
5,161
-
-
-
Landfill clnvvc and
nai ntcnance casts
-
-
5,190
-
-
Inte,.at paid more than accrual
-
15 619
261
-
-
Ilond principal pmd
2,322,897
700.618
34,841
I8 899
-
Amortiied Bond p,mi,n d,,,rai l
2,495
-
-
-
-
"'
Issmmcc cost paid
-
50
33
-
-
Issuancccostamnrliratinn
-
-
(;I1)
-
-
ca"taloutlacs
1,321,955
267,514
246,434
8,204
1,330
Cwtofband dr,din, elnorttaaticn
-
-
(184)
Amaunt dderred for future debt
sena for apital
apprcdatic, bonds:
ffiaresl snbsldc ru,,,,d.
(92,619)
-
-
-
-
,.
AdjusnnerttoIiabihi for
fart, lnndfll ,o,t,l.,,r,,
-
-
(6,190)
-
-
Dcfcmdn.cnucs
(17491)
(1 ()78)
12,482
-
-
,.
Contributed capital
797570
_1,131 65
5210
-, -
_ 5,231,135
2 346 398
398 270
27,475
2,p 09
BrdgetBa,,
S (11,596)
S 482,463
_S gLOL35
813,992
8,()12
36
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STAT EMENTS
June 30, 2004
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES — Continued
6. Budgets and Budgetary Accountin¢ - Continued
Decrease due to
Data
Year-end encumbrances
I'
GAAP Basis
$(11,104)
Increase due to
4,400
Prior year encumbrances
858
Contractual services
-
Capital outlays
5,695
Depreciation
142.154
Bond proceeds
-
Difference between proceeds from
37,275
sale ofGxed assets and gain or loss
10,246
Issuance cost amortization
368
Adjust investment to market
523
Repayment of intcrfund loans
-
Amortized bond premium/discount
13
Decrease due to
Employee
Year-end encumbrances
Fqulpman
Conlmetual services
415
Capital outlays
4,400
Interest paid more than accrued
858
Principal paid
70,000
Capital outlays
94001
69,704
Budget Basis
$ (21,809)
Net Income (Loss)
plat
Employee
Risk
Fqulpman
.Man e t
141Mc
%Dsaee'�t¢nt
Renlvc tin
$(29927)
$(182,553)
$(268,)45)
$208,527
3,571
$ (179918 3_(2_j5_4,) 1 $176,91,
-
3,180
-
-
37,275
37,514
-
-
309,705
-
12 L500
9,900
1954
1,341 2,635 13 094 5,482
- 26.586
- 142
45 636 2,635 13 094 112 044
W19
2 1 10
-
(2 lo)
231
- - 171.359
14,233
—__ 372,543
16,913
513 656
S tl 2041
$ (179918 3_(2_j5_4,) 1 $176,91,
7. Inventories
.. Inventories consist primarily of supplies, valued at cost- Cost is determined using a weighted average method.
The cost of inventories is recorded as expenditures or expenses when consumed rather than when purchased.
S. Compensated Absences
Vested or accumulated vacation pay for proprietary funds is recorded as an expense and liability of those funds
as the benefits accrue to employees. Arnounts of vested or accumulated vacation leave of governmental funds
are reported in the Statement of Net Assets_ Employees may accumulate 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.
37
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE A - SUMMARY OF SIGN IFICANI' ACCOUNTING POLICIES— Continued
' 9. Bond Discounts/Issuance Costs
In governmental fund 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 ofthe bonds.
Bond discounts are presented as a reduction of the face amount of bonds payable whereas issuance costs are
recorded as deferred charges. The accounting treatment of bond 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
The City maintains an internal investment pool Cor the majority of its non -restricted cash and investments and a
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
tinct months of the date of purchase_
I lie City's investment policy authorizes the investment of available operating and reserve funds in (1)
obligations of the United States or its agencies and instrumentalities, (2) repurchase agreements collateralized
by securities listed in (1) above, documented by a written agreement, fully collateralized by delivery to an
independent third party custodian, and are marked -to -market; (3) insured or collateralized deposits or
certificates of deposit of banks, savings and loan associations, and other regulated fnancial institutions, (4)
money market mutual Bods whose portfolio consists of the foregoing instruments, and (5) other prudent
investment instruments approved prior to purchase by a hvo-thirds majority of the City Council. Bond
proceeds may be invested as allowed in the bond indenture.
Investments, with a maturity 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, 2004 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 makeup potential future deficiencies in the revenue bond current debt service
account.
38
City of Cape Girardeau, Missouri
NO'fF.S TO FINANCIAL STATEMENTS
June 30, 2004
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
13. Lone -term 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
assets
14. Interfnnd Transactions
Quasi -external transactions are accounted for as revenues, expenditures or expenses. Transactions that
y constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly
applicable to another fund, arerecorded as expenditures/expenses in the reimbursing fund and as reductions of
expenditures/expenses in the fiord that is reimbursed.
s All other interhmd transactions, except quasi -external transactions and reimbursements, are reported as
transfers. Only net transfers between governmental and business type activities arc reflected on the
government -wide statement of activities.
15. Short-term Interfund Receivables/Payables
During the course of operat ions, numerous transactions occur between individual fiords for goods provided or
services rendered These receivables and payables arc classified as "interfund receivables/payahlcs" 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 -wide staternent
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_
39
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE A - SUMMARY 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
LAGERS retirement (Note G). Currently, forty-four employees meet those eligibility requirements- The City
provides health care coverage for them until age 65. The cost of retirees' health care benefits is recognized as
an expenditure as premiums are paid. For the year ending June 30, 2004, those costs totaled $176,616.
COBRA Benefits - Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), the City provides
health care benefits to eligible former employees and eligible dependents. Certain requirements are outlined by
the federal government for this coverage_ The premium is paid in full by the insured on or before the tenth
( 10th) day of the month for the actual month covered. This program is offered for a duration of 18 months
after the termination dale- There is no associated cost to the City under this program, and there were three
participants in the program as of June 30, 2004
18. Infrastructure
During the year ended June 30, 2004 all infrastructure 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.
40
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE B - DEPOSITS AND INVESTMENTS
1. Deposits
At lune 30, 2004, the carrying amount of the City's deposits was $12,631,924 and the bank balance was
$12,286,931, which excludes 54,860 of petty cash funds held at various City locations. The deposits are
categorized in accordance with risk factors created by governmental reporting standards.
Carrying Bank
Amount Balance
Category 41 $12,626,780 $12,260,872
Category 42 4,523 26,059
Category 93
$12,63 303 $12,286,931
Category f! I includes deposits covered by deposit insurance or collateral held by the City in the City's name.
Category 92 includes- deposits covered by collateral held by the financial institution's Lust department in the
City's name.
Category 93 includes deposits which are uneollateraliaed or the collateral is held by the financial institution's
trust department but not in the City's name.
2. Investments
.. Investments made by the City are summarized below. 'fhe investments that are represented by specific
identifiable investment securities are classified as to credit risk by the three categories described below.
y Category 91 Insured or registered, or securities held by the City or its agent in the City's name.
Category 92 Uninsured and unregistered, with securities held by the counter -party's trust
department or agent in the City's name -
Category 93 Uninsured and unregistered, with securities held by the counter -party, or by its department or
' agent but not in the City's name.
Carving Fair
Value Valuc
U.S. Government SCCUrniCS $ 9,805,785 $ 9,805,785
Certificates of Deposit _18747323 18747,323
$28,5 53,108 $28,553,108
41
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
�. NOTE C - PROPERTY TAXES
Property taxes attach as an enforceable lien on property as of January 1. Taxes were levied on August 18,
2003, 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 health .0587/100.00 assessed valuation
Debt Service _1000/100.00 assessed valuation
Special Business District 7605/100.00 assessed valuation
#2 (Ad Valorem)
Property tax receivable balances as of lune 30, 2004 are as follows.
Special
General Business Public Debt
Revenue District health Service Total
Current properly tax $32,798 $506 $6,141 $10,462 $49,907
Delinquent property tax 12,324 212 2,308 3,934 18,778
_ Reserve for doubtful
Property taxes Cl2 065) - (2,245 742) (18,052)
Net property tax receivable $33,057 $71.8 $ 6,294 $10 ,654 $ 50,633_
42
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE D - CHANGES IN CAPITAL ASSETS
A summary of the capital assets for governmental activities included on the government -wide statement ofnet
activity for the year ended June 30, 2004 is as follows:
Balance Accunmlutel Relana:
�. Jule 12003 Additioa5 Deductions O_cprcciatitm June 30. 2004
Land $3,9S5023 S 33,000 S - S - $ 4,018,023
Buildings 7,342,990 384,621 - 404,707 7,322,904
r Improvements other
'Than buildings 3,409 507 630,802 4,338 309,672 3,726,299
equipment 2,142,343 1,094,735 396,292 301,106 2,539,680
Infrasmicrtve 9,728,859 7,645,120 - 347,977 17,026002
Construction in progress 3,483,612 2-409 854 5054,516 r _ 838,950
'total general fixed newts $30,092,334 $12,198,132 $,1,4355140 $1,131462 %35,47185$
Additions and deletions to the Enterprise Funds for the fiscal year 2004 were $3,835,334 and $288,425
respectively. Additions and deletions to the Internal Service Funds were 5510,274 and $523,971 respectively.
A summary of the proprietary find type capital assets included on the proprietary fund statement of net assets
for the year ended June 30, 2004 is as follows.
Land
.. Buildlnes
Improvements other than building
Equipment
Construction in progress
Lessaccumulated depreciation
Enterprise Internal
Fund Service Fund
S 248, 109 $ 37,500
9,377,423 457,348
78, M,780 116,725
5,946,306 4,384,729
23,177,41S 27,690
$117,148,036 $5,023,992
27073_45 1 3,043,30
$1)0,07_4S85 _$ 1980 628
43
44
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
y
NOTE E - LONG-TERM OBLIGATIONS
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, 2004-
General Unused Decto
Governmcutal
Obligation Other Revcne Bnnds Pald Other
Aetivitice
Ilonds Debt. leave Governments
Total
Debt payahlc July 1, 2003 $
425000 S 7,334355 S 22,872546 $ 727,340 $ 35,140
$31,394,391
Discount amortisation
- 2,470 (5,406) - -
(2,936)
Routed
(425,000) (1,678,358) (770,000) (25,498) (5,705)
(2,904,561)
Additions
121500
121500
Debt p.,rblc Jtne 30, 2004 $
3 579967 $ 2-097149 S 701X42 $- 24435
$-2 608,394
-Other Debt indedcs Notes Payable,
Special Oh1hpwn I3ondstcnscho e Re,etme Bands and Ce"iGwtes oCPartieipmion.
Special Leasehold Certificates
.�
Business -type
Obligation Revenue Revenue of
Activities
Bonds Bonds _Bonds Participation
Total
Bonds payable at
July I, 2003
$1,283,721 $45,771,743 $ - $ -
$47.055,464
Discount Amortization
& Issue Cost
(4,921) 54,580 - -
49,659
Bonds Issued
- - - -
-
Accumulated Interest
- 778,466 - -
778,466
Bonds Retired
(165,000) _ (2,877,000 -__k3,042000)
Bonds payable at
June 30, 2004
$ 1,113,800 $43,727,789 $__ - S— -
$44,841,599.
_.
Bonds payable for governmental
and business -type activities at June 30, 2004 are comprised
ofthe following
individual issues:
44
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE E - LONG TERM OBLIGATIONS - Continued
$ 2,805,000 Special Obligation_ Refunding and Improvement Bonds Series 2002
Year Ending
Interest
Principal
Interest
June 30
Rate
Due
Due
'Total
2005
4.50%
$485,000
$106,955
$591,955
2006
450
490,000
88,655
578,655
2007
450
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
4.10
155,000
9,455
164,455
2013
4.10
155.000
3,177
158.177
r
�2805,090
$413,405
$3,218,405
Principal payments are made annually on October 1, and interest payments are made semi-annually on October
I and April 1.
On October 22, 2002 the Citv of Cape Girardeau issued .$3,125,000 of Special Obligation Refunding and
Improvement Bonds Series 2002 with interest rates varying from 3.000/'o 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.
'Phe 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
bettall'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 $1,255,000 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 full compliance with the City's Charter and the Constitution and laws 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_ $1,725,000 for Governmental activities and $1,080,000 for Business -type activities_
45
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL. STATEMENT S
June 30, 2004
NOTE E - LONG-TERM OBLIGATIONS - Continued
$ 625,000 Waterworks System Revenue_Bonds. Series 1992 due as follows:
Year Ending Interest Principal Interest
June 30 Rate Due Due Total
2005 Z45% $ 625,000 $ 467,563_ $ 671_563
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.
Principal payments are made annually on March 1, and interest payments are made semi-annually on March I
and September I.
Additional principal of $8,090,000 originally payable through the fiscal years ending June 30, 2006 to 2012,
was defeased via an in -substance defeasance during the fiscal year ended June 30, 1996.
$ 8 270000 Waterworks System Refunding
Revenuc Bonds Scries 1995 due as follows-
Year Ending
Interest
Principal
Interest
June 30
Rate
Due
Due
Total
2005
4.750°/
$ 100,000
$ 414,258
$ 514,258
2006
4.875
810,000
409,507
1219507
2007
5.000
890,000
370,020
1,260,020
2008
5.000
980,000
325,520
1,305,520
2009
5.200
1,010,000
276,520
1,286,520
2010
5.000
1,065,000
224,000
1,289,000
2011
5.000
1,120,000
170,750
1,290,750
2012
5.000
2,295,00
114,750
2,409,750
_.
$8270000
$2,305,325
$10,575,325
Principal payments are made annually on March I, and interest payments are made semi-annually on March 1
and September 1.
On December 1, 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 are special limited obligations of the City
payable solely from the net income and revenues derived by the City from the operation of the Waterworks
System after payment of costs of operation and maintenance.
The bonds were issued to provide the City with funds to defease $8,090,000 principal amount of Waterworks
System Revenue Bonds, Series 1992.
46
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE E. - LONG-TERM OBLIGATIONS - Continued
$ U35,000 Sewerage System Revenue Bonds (State Rey_olving Fund_ ProgramLSeries 1991 due as
follows,
' Year Ending
Interest
Principal
Interest
June 30
Rate
Due
Due
Total
2005
6.875%
$ 120,000
$112,406
$ 232,406
2006
6.875
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
_ 229781
$1,635,000
$678,561
$2,313,561
These bonds are dated December I, 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 1, and interest payments are made semi-annually on June I and
December I
'The interest due on the 1991 Sewer System Revenue Bonds is subsidized by interest earnings on a reserve
fund held by the bond issues trustee. As the City is reimbursed for sewer project expenditures from the
construction fiords held by the trustee, the State of Missouri Department of Natural Resources deposits an
amount equal to approximately 51.907% of the reimbursement into the reserve fund. The maximum amount
of funds that will be advanced to the reserve fund will be $1,250,000. As bonds are retired 50%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, 2004 was $998,060. The reserve fund yields 691%.
During the fiscal year-end 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 1991 Bonds. During the fiscal year ended June 30, 2004, City interest expense was reduced by
$16,858 as a result of this transaction_ Over the remaining life of these bonds, the City will receive net present
value benefits of approximately $140,000 from this transaction.
47
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
+ NOTE E - LONG-TERM OBLIGATIONS - Continued
$ 332,000 Sewerage System Revenue Bonds (State Revolving
Fund Program)
Series 1993 due as follows.
Year Ending
Interest
Principal
Interest
June 30
Rate
Due
Due
Total
2005
4.900%
$ 23,000
$ 16,983
$ 39,983
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
5A00
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
_. 3.9,000
._1.053 __.
40,053
$332,000 _S 07,397 $439,397
Thesebonds are dated August 1, 1993 'fhe proceeds ofthebond 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-annually on March I
and September I_
The interest due on the 1993 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 $350,000. As bonds are retired, 70% ofthe amount of
bonds retired will be repaid to the State of Missouri Department of Natural Resources out of the reserve Pond.
The balance of the reserve fund at June 30, 2004 was $232,400. The reserve fund yields 5.15%.
48
-� City of Cape Girardeau, Missouri
NOTES '1*0 FINANCIAL STATEMENTS
June 30. 2004
NOTE E - LONG-TERM OBLIGATIONS - Continued
$ 7,729 209 Water Pollution Control Revenue Bonds State Revolving Fund Program) Series 19951) due as
follows:
Year Ending
Interest
Principal
Interest
June 30,
Rate
Due
Due
Total
2005
5.500%
$ 928,413
$ 626,587
$ 1,555,000
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
6.150
354,978
670,022
1,025,000
2014
6200.
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
6250
259,535
715,465
_ 975,000
$7,729 209 $10,125721 $17,855,000
These bonds are dated June I, 1995. The proceeds ofthe bond issue were used ibr the extension and
improvement of the existing sewerage system serving the City.
Principal and interest payments are made annually on January I beginning in 1998.
"Phe interest due on the 1995D Water Pollution Control 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% 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, 2004 was $5,410,446_ The reserve fund yields
5.83%.
49
City of Cape Girardeau, Missouri
NOTES 'FO FINANCIAL STATEMENTS
June 30, 2004
NOTE E - LONG-TERM OBLIGATION - Continued
$ 11,735,000 Sewerage System Revenue Bonds (State Revolving Fund Program) Series 1996 due as follows_
Year Ending
Interest
Principal
Interest
June 30
Rate
Due
Due
Total
2005
5.150%
$600,000
$672,709
$1,272,709
_
2006
5.250
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,t44,006
2014
5.875
800,000
318,181
1,1 18,181
2015
5.875
875,000
271,181
1,146,181
2010
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
_56935
1,021 935
$11,735,000
$5,897,276
$17,632,276
These bonds are dated June I, 1996. The proceeds of the bond issue were used for the extension and
improvemcnt 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
beginning in 1997.
The interest due on the 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%
ofthedisbursement into the reserve fund- The maximum amount of funds that will be advanced to theresetve
will be $9,474,500. 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 June 30, 2004
was $8,214,500. The reserve fund yields 5.70°!0.
50
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMEN rS
June 30, 2004
NOTE E - LONG-TERNI 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, 2004, City interest expense was reduced by
$14,928 as a result of this transaction. Over the remaining life of these bonds, the City will receive net present
value benefits of approximately $186,000 from this transaction.
$ 8,305,000 SeweraeeSystem Revenue Bonds (State Revolving Fund Program Series_2000 due as
follows_
Year Ending Interest Principal Interest
June 30 Rale Due Due Total
2005
4.400%
$ 50,000
$ 444,630
$ 494,630
2006
4.500
55,000
442,293
497,293
2007
4500
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
618,659
2014
5.000
250,000
376,084
62b,084
2015
5625
275,000
362,099
637,099
2016
5.625
475,000
341,006
816,006
2017
5.625
555,000
312,037
867,037
2018
5.300
590,000
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 664550
$8,305,000 $5,877,504 $14,182,504
These bonds are dated November I, 2000. The proceeds of the bond issue will be used to extend and improve
the existing sewerage facilities serving the City.
Principal payments are made annually on July 1, and interest payments are made semi-annually on July I and
January I.
5l
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
r NOTE E - LONG-TERM OBLIGATION — Continued
The interest due on the 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 of Missouri Department of Natural Resources out of the reserve fund_
The balance of the reserve fund at June 30, 2004 was $5,166,163_ The reserve fund yields 6.71%-
$22,080,000 Waterworks System Revenue Bonds (State Revolving Fund Program Series ,1998 due as
'r follows:
Year Ending
Interest
Principal
Interest
June 30,
Rale
Due
Du
Total
2005
4.000%
$ 810,000
$ 1,057,395
$ 1,867,395
2006
4.000
870,000
1,024,995
1,894,995
2007
4.100
920,000
990,195
1,910,195
2008
4200.
1,000,000
952,475
1,952,475
2009
4.300
1,025,000
910,475
1,935,475
2010
4375
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
1,300,000
697,087
1,997,087
2014
5.250
2,350,000
628,838
2978,838
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
123 750
2,873,750
$22 080 000 $9957,422 $32,037,422
These bonds are dated December 1, 1998. The proceeds of the bond issue will be used for the extension and
improvements to the waterworks system_
Principal payments are made annually on January I. Interest is paid semi-annually on January l and July I
beginning on July 1, 1999.
52
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE E - LONG-TERM OBLIGATION — Continued
The interest due on the 1998 Waterworks System Revenue Bonds is subsidized by interest earnings on a
reserve fund 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% of the
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 fund. The balance of the reserve fund at June 30, 2004
was $6,128,428. The reserve fund yields 4.71%.
$229 000 City of Caoe Girardeau Missouri Lease Purchase Agreement dated June 17 1999 due as follows:
Year Ending
Interest
Principal
Interest
June 30,
Rate
Due
Due
Total
2005
5.000%
$ 28,000
$11,450
$ 39,450
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
L900
39.900
$229,000 $48,150 .$277,150
The lease agreement is the obligation of the City of Cape Girardeau, Missouri. Principal and interest will be
paid by the City front proceeds of the site lease and the lease agreement. The purpose of the lease agreement
was to ( I) rehabilitate and otherwise improve theA. C. Brase Arena Building and (2) acquire a building atthe
Cape Girardeau Regional Airport known as the ` Lipp's Hanger"
Principal payments are made annually on April I and interest payments are made semi-annually on April I
and October I.
$ 491,000 Cityof Cane G_rardeau Lease Purchase Agreement dated March 3 12000 due as follows:
Year Ending Interest Principal Interest
June 30 Rate Due Due Total
2005 5.750% $491,000 _$28233 _ $519 233
Principal and interest will be paid by the City from proceeds of the site lease and the lease agreement_ The
purpose of the lease agreement was to purchase approximately 12 acres in the south central portion of the City
for the Public Works Department.
53
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE E - LONG-TERM OBLIGATIONS — Continued
The principal payment is made at maturity and interest payments are made semi-annually on March 1 and
September I.
Certificates of Participation (Capital Improvements Proj_eets) Series 1997A
The certificates are obligations of the City of Cape Girardeau, Missouri under a Lease Purchase Agreement
between the City and the Cape Girardeau (Missouri) Public Facilities Authority (the "Corporation''), the
Corporation will assign the right to receive rental and other receipts from the City to Union Planters National
Bank (the "Trustee")- The purpose of the 1997A Series certificates is to (1) pay the costs of completing the
construction, furnishing and equipping of a convention and recreational facility that constituted part of the
1993 project, (2) pay the costs of acquiring, constructing, furnishing and equipping various equipment and
capital improvement projects, (3) fund the debt service requirements for the Series 1997A Certificates, and (4)
pay the costs of issuance of the Series 1997A Certificates.
The certificates were retired on April L 2004, using fiords available to the City.
Certificates of Participation (Capital Far rovements_Projeets),. Series 199713,
The certificates are obligations of the City under a Lease Purchase Agreement between the City and the Cape
Girardeau (Missouri) Public Facilities Authority (the "Corporation'), the Corporation will assign the right to
receive rental and other receipts from the City to Union Planters National Bank (the "Trustee") The purpose
of the 1997B Series certificates is to (1) defease $755,000 outstanding principal amount of Cape Girardeau
(Missouri) Public Facilities Authority_ Building and Equipment Leasehold Revenue Bonds (Airport
Improvement Project) Series 1990B, and (2) pay the costs of issuance of the Series 1997B Certificates_
The certificates were retired on April I, 2004 using funds available to the City.
s4
55
City of Cape Girardeau, Missouri
NOTES TO
FINANCIAL STATEMENTS
June 30, 2004
NOTE E - LONG-TERM OBLIGATIONS - Continued
$2,815,000 Certificates of
Participation (Renaissance Aircraft)-
Series 2001
Year Ending
Interest
Principal
Interest
June 30
Rate
Due
Due
Total
*2005
4.000%
$ 90,000 $
157,487
$ 247,487
*2006
4.250
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
4.625
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
5800
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
265,300
2018
6000
210,000
53,360
263,360
2019
6.000
225,000
41,180
266,180
2020
6.000
235,000
28,130
263,130
2021
6.000
250,000
14 500
264,500
$2,815,000 $1,672,160
$4,487,160
* Includes taxable certificates of $45,000,
$50,000, and $55,000
in years 2005-2007
with 6.125% coupon
I lie certificates are obligations
of the City
under a Lease Purchase Agreement
between the City and UMB
Bank, NA. The 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 to be leased to Renaissance Aircraft, LLC.
+
Principal payments are made
annually on April
L. and interest payments
are made
semi-annually on April I and
October l
55
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL S'fATENIENTS
June 30, 2004
NOTE E - LONG -'PERM OBLIGATIONS- Continued
The cash and investments available to service revenue bonds are $779,993 and $7,597,154 for the
governmental and business -type activities, respectively.
The cash and investments available to service the leasehold revenue bonds and certificates of participation in
governmental activities are $133,523 and $280,992 respectively_
Included in business -type activities restricted cash on the statement of net assets is $1,M6,910, which is the
balance in the 2000 sewer project account which represent incomplete projects at June 30, 2004. Ifthe project
funds are not used, the remaining balance can be applied against debt.
56
The annual requirements to amortize all debt outstanding as of June 30, 2004 including total interest payments
of $37,157,787
are as follows
Special
Leasehold
Certificates
Year Ending
Obligation
Revenue
Revenue
of
June 30,
Bonds
Bonds
Bonds
Participation
Total
2005
$ 591,955 $
6,647,944
$558,683
$247,487
$ 8,046,069
2006
578,655
6,812,579
39,050
262,931
7,693,215
2007
405,093
7,098,155
39,600
272,319
7,815,167
2008
394,905
7,304,773
40,050
265,940
8,005,668
2009
389,380
7,403,608
39,400
265,253
8,097,641
2010
365,130
7,029,620
39,700
264,240
7,698,690
2011
170,655
6,332,357
39,900
262,760
6,805,672
2012
164,455
7,482,293
-
265,760
7,912,508
2013
158,177
5,058,676
-
266,760
5,483,613
2014
-
6,002,990
-
262,160
6,265,150
2015
-
5,773,795
-
262,260
6,036,055
2016
-
5,842,881
-
266,760
6,109,641
2017
-
5,827,232
-
265,360
6,092,592
2018
-
4,802233
-
263.360
5,065,593
2019
-
2,834,163
-
200,180
3,100,343
2020
-
1,789,199
-
263,130
2,052,329
2021
=
1664550
-
264,500
_ 1,929,050
3 218 405 X95,707,048
$ 796,383
$4,487,160
$104,208,996
The cash and investments available to service revenue bonds are $779,993 and $7,597,154 for the
governmental and business -type activities, respectively.
The cash and investments available to service the leasehold revenue bonds and certificates of participation in
governmental activities are $133,523 and $280,992 respectively_
Included in business -type activities restricted cash on the statement of net assets is $1,M6,910, which is the
balance in the 2000 sewer project account which represent incomplete projects at June 30, 2004. Ifthe project
funds are not used, the remaining balance can be applied against debt.
56
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE F - DEFICIT FUND BALANCES/RETAINED EARNINGS
The Softball Complex Fund's total liabilities exceeded its total asset by $141,512.
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 common investment
and administrative agent for local government entities in Missouri_
t.AGERS 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 by writing
to LAGERS, PO Box 1665, Jefferson City, MO 65102 or by calling 1-800-447-4334.
2. Funding Policv
The Cil, of Cape Girardeau's full -lime 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), 2.5%
(police) and 10.4% (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 are established by state statute.
3. Annual Pension Cost
For 2004, the political subdivision's annual pension cost of $714,208 was equal to the required and actual
contributions. The required contribution was determined as part of the February 28, 2002 and/or February 28,
2003 annual actuarial valuation using the entry age actuarial cost method. The actuarial assumptions included
(a) a rate of return on the investment of present and future assets of 7.5% per year, compounded annually, (b)
projected salary increases of 4.0% per year, compounded annually, attributable to inflation, (c) additional
projected salary increases ranging from 0.0% to 42% per year, depending on age, attributable to
seniority/merit, (d) pre- retirement mortality based on the 1983 Group Annuity Mortality table and (e) post-
retirement mortality based on the 1971 Group Annuity Mortality table projected to 2000 set back 1 year for
men and 7 years for women. The actuarial value of assets was determined using techniques that smooth the
effects of short-term volatility in the market value of investments over a five-year period. The unfunded
actuarial accrued liability is being amortized as a level percentage of projected payroll on an open basis. The
amortization period at February 28, 2004 was 15 years.
57
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
Nor TE G - PENSION PLAN - Continued
Three -Year Trend Information
Fiscal Annual Percentage Net
Year Pension Of APC Pension
Endin Cost (APC) Contributed Oblieadon
06/30/02 $1,094,292 100% $0
06/30/03 816,335 100% 0
06/30/04 714,208 100% 0
Note: The 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.
NOPE 11 - INTEREST EXPENSE
Interest cost, including handling charges, totaling $2,757,296 excluding $61,960 of interfund interest, was
incurred during the year ended June 30, 2004. No interest cost was capitalized as part of the cost of assets
constructed during the period -
NOTE 1 - IN'FERFIIND RECEIVABLES AND PAYABLES
The following is a summary of inter fund balances as of June 30, 2004.
Advance to/from other funds
58
Advanecs 1}om
Advances to
Ucncrnl fond
$ 1,598,690
$ -
EpipnontRglawmentf d
88,109
S,,,, Fund
-
305,578
Airport Fund
-
88.109
Solid Music Fund
_
750,000
r9olfcourec I and
-
353.112
Soltball Complex Fmtd
190,000
$ 1,A6,799
58
_
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
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, 2004 was as follows-
Softball
sever Wb ter SolidWasm CklfCoume
Complex
'Imal
I und Lund Fund IL,d
Fund
EnHt
Operating rcvcnucv
$2,563,945 $5,207,544 $2,592.209 $494173
$ 142,467
$11,000,538
Deprecianon
1648,558 692.670 122.982 68,075
6.052
2.538137
Operating Lreoinc Q.nas)
(526.019) 981,021 166297 (54,517)
(261,817)
304.965
Operating tmnsfem in
1,983,082 120,000 - 27,966
266,291
2,397339
Net lnconic(I,oss)
1,670.672 1997,624 170,954 (43.886)
(306)
3,695,058
Current Capital Contributirn,
797,570 1931,566 5.210 -
-
2,134346
Ymperty, Pham vnd Equipnlcn(
Ad&hom
1,9632112 1605,309 246.434 9,264
12,125
3,835,334
_
Dcictioas
5.609) (116018) (138,549) -
(28,2511)
(288425)
NC Wurking Ca pilal
341,665 1,091,134 1,110,267 79
12,253
2555398
T.rd Arida
61499424 42,522.891 2,279,346 509-617
96,113
106,907.391
I fonds and 01 her l imp -1 crm
Liahilifine Vmablc Ilam
operating ldecmm,
35,780.70 &.824222 236,622 -
-
44 N4L89
Tond Nd Assets
524,686 724 %33.166379 $931,138 $118.126
$(141,51'_)
$58763.855
59
..
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE K - RESERVATION OF FUND EQUITY
At June 30, 2004, the City had reserved its fund equity as follows_
General Fund
Reserved for emergency fund
$2,880,567
Reserved for prepaid items
93,999
Reserved for advance
1,598,690
Reserved for mausoleum maintenance
85,319
Reserved for Local Access Channel
35,000
Reserved for encumbrances
41,861
_
$4,735,436
Airport Fund
Reserved for prepaid items
$ 42,364
Reserved for encumbrances
27,550
Reserved for bong -term receivables
1,989,774
Reserved for Airport Facilities Project
145 219
$2,204,907
Parks and Recreation Fund
Reserved for prepaid items
$ 1,268
..
Reserved for Operations and Maintenance
31,345
Reserved for encumbrances
2,364
$ 34,977
Transportation Sales Tax Trust Fund 11
Reserved lot encumbrances
$ 128,426
Debt Service Fund
Reserved for debt service
$ 343,376
Reserved for emergency fund
_ 78,204
$_ 42_1 580
Other Governmental Funds
Reserved for encumbrances
$2,167,483
Reserved for emergencies
746,849
Reserved for prepaid
65,845
Reserved for River Campus
11,511
$2,99 1,68
60
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOPE L - RESERVED RETAINED EARNINGS AND RESTRICTED ASSET ACCOUNTS
At June 30,
2004, the City has restricted assets in its Proprietary Funds as follows
IJcprroiation
Re, enue Bond
And
Bond
Sinking and
Reolecement
Construction
Reserve Fund
Total
Scrcer fund
$127,000
$1,022327
$5,288,455
$6,437,782
Water Fund
700,000
1,447
2,262966
2,966413
Solid Waste I'nud
-
2 373
609
-21)82
$827,000
$827,000
$11728 147
$7 552,030
$9,407,177
NOTE M - 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 ager 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 poslClosure care costs that were estimated to be
incurred new ur after the date the landfill no longer accepted waste_ The entire amount of the 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 $106,000 as of June 30, 2004, 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, 2004. I low ever, the actual coNl of clusure and postclosure care may be higher due lu
inflation, changes in technology, of changes in landfill laws and regulations.
The City has used the option of a Contract of Obligation as the financial assurance instrument for the landfill.
The City issued bonds in October 1994 Four which the proceeds have been used to pay the closure costs.
Ci
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE N - RISK NIANAGEM ENT
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, vehicle loss and accident liability, errors and omissions, and employee
benefit liability. Risks for these coverages are spread across members of the fund. Currently the fund is
comprised of 580 Missouri counties, municipalities and, special districts. Premiums for these coverages are
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. I'he City has
received refunds of premiums in each of the last ten years and has used them to offset the cost of the
succeeding year's premiums_
The City has established self-insurance plans for employees' health insurance and workmen's compensation.
Roth of these are accounted for using internal service fiords. 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. 'The City reimbursed the administrator for claims paid tip to the specific stop loss amount of
$75,000 and $100,000 annually per employee and up to the aggregate stop loss amount of approximately
$1,660,000 and $1,800,000 annually beginning January I, 2003 and 2004, respectively, for all employees
These limits apply only to claims made during the respective calendar years. Rates were charged by the internal
service fund to the other city funds to cover the monthly premium to the administrator and claims up the
aggregate stop loss amount.
Corporate Claims Management, lire administers the City's workmen's compensation plan. Under thus 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 employees, 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
on Compensation Insurance. Safety National is rated "A-" by A. M. Best.
62
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL. STATEMENTS
June 30, 2004
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 RECONCILIATION
NOTE O - CONCENTRATION OF CREDIT RISK/BAD DEBT ALLOWANCE
The City has uneollateralized utility accounts receivable generated within a limited geographical region
primarily consisting of its City limits. The City also has taxes, special assessments, and user fees receivable
which are 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_
At June 30, 2004, utility receivables totaled $1,294,727. On the financial statements, the utility receivables are
shown net of the allowance for doubtful accounts of $96,361. This results in net utility receivable of
$1,198,366. During the year ended June 30,2004, theallowance was increased by $74,830 orapproximately
73% of the current year's utility charges and accounts totaling $69,177 were written of
63
Health
Workers'
—
Insurance
Compensation
Total
Balance June 30, 1999
$
-
$
297,205
$ 297,205
—
Provision for Incurred Claims
778,268
252,105
1,030,373
Payments of Claims
___...
(628,268)
_
(220,602
(848,870)
— Balance June 30, 2000
$
150,000
$
328,708
$ 478,708
Provision for Incurred Claims
1,427,977
275,758
1,703,735
Payments of Claims
(1,452,977)
(294_794)
X747.771)
- .
Balance June 30, 2001
$
125,000
$
309,672
$ 434,672
Provision for Incurred Claims
1,274,192
327,400
1,601,592
Payments of Claims
(1,274,192
(343,045)
(1,617 237)
— Balance June 30, 2002
$
125,000
$
294,027
$ 419,027
Provision for Incurred Claims
1,612,710
218,620
1,851,330
Payment ofClaims
(i_573,7 10)
_
(262250)
(1,842,060)
—
Balance June 30, 2003
$
184,000
$
243,397
$ 427,397
Provision for Incurred Claims
1,997,671
528,506
2,526,177
— Payment of Claims
(1,851 671)
(416,903)
(2,268,574)
Balance June 30, 2004
$
330,000
$
355,000
$ 685,000
NOTE O - CONCENTRATION OF CREDIT RISK/BAD DEBT ALLOWANCE
The City has uneollateralized utility accounts receivable generated within a limited geographical region
primarily consisting of its City limits. The City also has taxes, special assessments, and user fees receivable
which are 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_
At June 30, 2004, utility receivables totaled $1,294,727. On the financial statements, the utility receivables are
shown net of the allowance for doubtful accounts of $96,361. This results in net utility receivable of
$1,198,366. During the year ended June 30,2004, theallowance was increased by $74,830 orapproximately
73% of the current year's utility charges and accounts totaling $69,177 were written of
63
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 2004
NOTE P - COMMITMENTS AND CONTINGENCIES
1. Litisation
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- The City has recorded
a provision for claims and lawsuits for which a loss is probable.
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 of City management, such disallowances, if any, will not be significant.
3. Construction Commitments
As of June 30, 2004, the City had construction commitments outstanding of $2,750,062. The construction
commitments represent incomplete portions of contracts entered into to construct the followingvarious
street projects, a riverfront trail, water plant #1 expansion, South Ramsey Branch Lift Station and Force Main,
and 2" waterline replacement for the new Federal Courthouse_ These contracts are expected to be completed
within the next fiscal year.
4. Encumbrances
As of June 30, 2004, the City had encumbrances outstanding of $3,417,874.
5. Environmental Remediation
City management is aware of one instance of environmental contamination of City owned property. City
management is actively resolving these concerns_ The City is working with the Missouri Department of
Natural Resources (DNR) to obtain a Plan of Action for the contaminated site. In the opinion of City
management, the expenses associated with environmental remediation of these and other potential sites will
not be significant to the City's financial statements.
64
REQUIRED SUPPLEMENTARY INTORMATION
It 1 1 1 1 1 1 i 1 1 i 1 1 1 1 1 1 1 1
REVENUES
Taxes
Licenses 8 permits
Intergovernmental
Charges for services
Internal charges
Fines and forfeits
Miscellaneous
Investment revenue
Special assessments
Total revenues
EXPENDITURES
Current:
Administrative
Contingency
1, Development Services
Parks and Recreation
Public Safety
Public Works
Debt service-
Interest
Principal
Capital Outlay:
Administrative
Parks and Recreation
Public Safety
City of Cape Girardeau
General
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2004
Budgeted Amounts
Original
Final
$ 12,292,790.00
S 12,292 790.00
1, 094.700.00
1, 094,700
00
468.305.00
468,385.00
357,450.00
357.450.00
731350.60
731,350.00
830.000.00
830.000.00
85262.00
85,262.00
137,155.00
137,155.00
2,500.00
2,500.00
15, 999.592.00
15, 999,592
00
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers m
Advance repayments
Asset disposition
Transfers out
Total other frprong sources and uses and special items
Net change In fund balances
Fund balances —beginning
Fund balances ending
1 ]64.110.00
25,000.00
1,650,430.00
1,304,248.00
8,618,283.00
2.105.796.00
15,467,867 00
3,100,00
10.200.00
13,300.00
23,153.00
23,153.00
15.504,320 ED
495272.00
1,091,175.00
35.255.00
(1,621,70200)
(495272.00)
4,158,311.55
4,158,31155
1,686 450.00
25,000.00
1.700.430.00
1.330,248.00
8,630,282.00
2.105.796.00
15 478,206 00
3.100.00
10,200.00
13,3
1,660.00
23,153.00
41,401.00
15,557720.00
441,872.00
1091,175.00
35.255.00
(1,661,702.00)
(535,27200)
(93,400 00)
4,158.311.55
3 4,064 911 55
Actual Amounts
$ 12,377,899.86
1,152,724.86
488,174.03
349,957.56
645,075.75
790,746.39
148,693.07
124,818.96
1,459.32
16,079,549.80
1,656,282.05
33,790.79
1,533,414.81
1.331,825.52
8,462.217 66
2,028.837.51
15,048,368.34
3,101.61
10,198.39
13,300.00
2.250.34
22,633.59
44,632.37
69,516.30
15,131,184.64
948,365.16
1,091,175.00
35,254.50
90,621 42
(1.782,339.63)
(565,208.71)
383,076 45
4,158,311.55
4,541,388.00
Variance with
Final Budget -
Positive
(Negative)
$ 85,109.86
58,024.86
19,789.03
(7,492.44)
(86,274 25)
(39,253.61)
63,431.07
(12,336.04)
(1,040.68)
X95
28,167.95
(8,790.79)
167,015.19
(1,577.52)
168.064.34
76.958.49
429,837.66
(1.61)
(590.34)
519.41
(3,231.37)
426,535.36
506493.16
(0.50)
90,621 42
(120,637.63)
(70 016-71 )
476,476.45
—$ --47€d9€43
f 1 1 f 1 1 1 1 1 1 1 1 i i 1 1 1 1 1
EXPENDITURES
City of Cape Girardeau
Current
Airport
Administrative
Statement of Revenues, Expenditures, and Changes in Fund Balances
- Budget and Actual
C'
For the Year Ended June 30, 2004
00
'3bebt service:
Budgeted Amounts
Interest
Original
Final
Actual Amounts
REVENUES
40,590.00
Intergovernmental
$ 125,000.00
$ 125,000.00
$ 24],66].00
Charges for services
804.000.00
804,000.00
893,153.70
Miscellaneous
175,276.00
175,276.00
167,252.50
Investment revenue
1,446,802
- -
992.74
Total revenues
1,104,276.00
1,104,276.00
1,309,065.94
EXPENDITURES
Current
Administrative
1,395,930.00
C'
1.395,930
00
'3bebt service:
Interest
10,282.00
Principal
40,590.00
50,87
00
Capital Outlay:
Administrative
Total expenditures
1,446,802
00
Excess(defitlency) of revenues
over (under) expenditures
(342,526.00)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers in
342,526.00
Transfers out
(39.303.00)
Total other financing sources and uses and special Items
303,223.00
Net change In fund balances
(39.303.00)
Fund balances --beginning
2,220,553.01
Fund balances—ending
$ 2,181,350:01
10,282.00
40,590 00
136.300.00
136,300 00
1,744 102 00
(639.826.00)
342,526.00
$ 1,884,050.01
1,538.717.36
1.538,717 36
11,651.72
40,590.92
52,242.64
137,446.82
137,446.82
1,728,06 82
(419,340.88)
472,526.00
(38,192.(54)
434,333.36
14,992 48
2,220,653.01
$ 2,235,645.49
Variance with
Final Budget -
Positive
(Negative)
$ 122,66700
89,153.70
204,789.94
18,212.64
18.212.64
(1,369.72)
(0.92)
(1,370.64)
(1,146.82)
(1,146.82)
15,695.18
220,485.12
130,000.00
1,110.36
131,110.36
351 595 48
$ 351,595.48
I 1 1 1 1 1 1 1 1 1 i 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, 2004
[Indicated Amounts
Original Final Actual Amounts
REVENUES
Charges for services
$ 479400.00
Miscellaneous
2.700.00
Investment revenue
2,70000
Total revenues
484,800.00
EXPENDITURES
Current:
Parks and Recreation
1,239,470
00
1,239,470,00
`:'Capital Outlay:
J Parks and Recreation
Total expenditures
1.239,470
00
Excess (deficiency) of revenues
over (under) expenditures
(754.670.00)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers In
754,670.00
Total other financing sources and uses and special items
754,670,00
Net change In (antl balances
-
Fund balances -- beginning
10,780.68
Fund balancesending$
1078068
$ 479,400.00
2,700.00
2,700.00
484,800.00
(754,670.00)
754,670.00
754,670.00
10,780.68
$ 10,780.68
$ 501,749.36
506,545.28
1.221.046.16
1,221,046.16
4,03546
4,035 46
1,225,081.62
(718,536.34)
750,161.16
750,161.16
31,624.82
10,780.68
$ 42,405.50
Variance with
Final Budget -
Positive
(Negative)
$ 22,349.36
21,745.28
18,423.84
18,423.84
(4,035.46)
(4,508.84)
(4,508.84)
31 624.82
$ 31,624.82
1 1 1 1 1 1 1 1 Y Y i 1 1 1 1 1 It 1 1
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. 2004
Variance with
Budgeted Amounts
Final Budget
Positive
Original
Original
Final
Actual Amounts
(Negative)
REVENUES
Investment revenue
$ 64,671.00
S 64.671.00
$ 50,172.25
$ (14,498.75)
Special assessments
123,000.00
123,000.00
558,758.10
435758.10
Total revenues
187.671.00
187.671.00
60$930.35
421,259.35
EXPENDITURES
Debt service:
Administrative charges
2500.00
2,500.00
-
2,500.00
Interest
47,171.00
47,171.00
47,170.50
0.50
Issuance at
-
-
167.zo
(167.20)
0, Principal
123.000.00
123,000.00
123,00600
as
172.671.00
172,671.00
170,33770
2,333.30
Capital Outlay:
Capital Improvement Projects
400,000.00
395,016.21
4,983.79
400,000.00
395.016.21
4,983.79
Total expenditures
172,671.00
572,671.00
565,353.91
7,317.09
Excess(defidenoy) of revenues
over (under) expenditures
15,000.00
(385,000.00)
43,576.44
428,57644
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and uses and special items
Net change in fund balances
15,000.00
(385.000.00)
43,57644
428,57644
Fund balancesbeginning579,380.74
579,380.74
579,38074
Fund balancesendingS
594,380.74
S 194,380.74
$ 622,95].18
S 428,57644
I 1 i f i 1 1 i 1 1 1 1 1 i 1 1 1 1 1
City of Cape Girardeau
Debt Service
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2004
Variance with
Budgeted
Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Taxes
$ 424.647.00
$ 424.647.00
$ 428,70042
$ 4,05342
Intergovernmental
9.500.00
9,500.00
10,257.28
]5].28
Miscellaneous
2],550.00
27,650.00
27]02]2
152.72
Investment revenue
38,126.00
38,126.00
41,876.86
3,750.85
Special assessments
61.53].00
61,537.00
66,810.56
5,273.56
Total revenues
561,360.00
561,360.00
5]5,34].84
13,98].84
EXPENDITURES
Current.
Debt Service
6,85100
5,851.00
6,360.63
(499.63)
5,851.00
5,851.00
6,350.63
(499.63)
, Debt service:
Administrative charges
10.500.00
10,500.00
2,164.53
8.335.47
Interest
292,408.00
292,408.00
292,559.72
(151 ]2)
Issuance cost
-
-
8]]8
(8]]8)
Principal
1,525,]00.00
1,]30.]00.00
1,]30,]00.00
1,828,608.00
2,033,608.00
2,025,512.03
8,095.97
Total expenditures
1,834,459.00
2,039,459.00
2,031,862.66
],596.34
Excess(defdency) of revenues
over (under) expenditures
(1,2]3,099.00)
(14]8,099.00)
(1,456,514.82)
21,684.18
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers In
812,509.00
812.509.00
777,621.13
(34,88].8])
Total other financing sources and uses and special items
812,509
00
812,509.00
777,621.13
(34,88].8])
Net changein fund balances
(460,590.00)
(665,590.00)
(678,893.69)
(13,303.69)
Fund balances — beginning
1,100,240.60
1,100,240.60
1,100,240.60
Fund balances — ending
$ 639,650.60
$ 434.650.60
$ 421,346.91
($ 13.30369)
1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1
City of Cape Girardeau
Required Supplementary Information
Schedule of Funding Progress
For the Year Ended June 30, 2904
(a)
;b� Q>a1
(a/b)
(c)
Entry Age Unfunded
Actuarial
Actuarial
Actuarial Accrued
Annual
Valuation
Value
Accrued Liability
Funded
Covered
Date
of Assets
Liability (UAL)
Ratio
Payroll
2/28/02
$ 25,373,273
S 21,626,716 $ (3,746.554)
117%
S 10,820,521
2/28/03
25,569,913
22,568,671 (3,001242)
113%
10,807,486
2/28/04
26,126,591
23,085,756 (3,040.835)
113%
10,538,630
NONMAJOR FUND FINANCIAL STATFMENTS
i I f i 1 1 i 1 1 i 1 1 i 1 1 1 i i 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, 2004
Budgeted Amounts
Original Final Actual Amounts
REVENUES
Investment revenue $ -
Totalrevenues
EXPENDITURES
Total expenditures
Excess (defidency) of revenues
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 520.00
Fund balancesending$ 520.00
520.00
$ 520.00
$ 14.07
14.07
14.07
141Y1
$ 534.07
Variance with
Final Budget
Positive
(Negative)
$ 14.07
14.07
14.07
14.07
$ 14.07
I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1
City of Cape Girardeau
Vision 2000
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2004
Budgeted Amounts
Original Final Actual Amounts
REVENUES
Miscellaneous $ - 5 - $ 240.00
Variance with
Final Budget -
Positive
(Negative)
c In no
Investment revenue
-
-
44.44
44.44
Total revenues
284.44
284.44
EXPENDITURES
Current:
Development Services
1,500.00
1,500.00
2,901.29
(1401.29)
1.50000
1,500.00
2,901.29
(1,401.29)
Total expenditures
1.500.00
1,500.00
2,901.29
(1,401.29)
ti Excess (defiderI of revenues
over (under) expenditures
(150000)
(1,500.00)
(2,616.85)
(1,116.85)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Compensation for damages
-
-
1,500.00
1,500.00
Transfers in
1,50000
1,500.00
1.500.00
Total other financing sources and uses and special Items
1,500.00
1,500
on
3,000.00
1,600.00
Net change In fund balances
-
-
383.15
383.15
Fund balances --beginning
2,797.68
2.797.68
2797.68
-
Fundbalances— ending $
2,797.68
$ 2,797.68
$ 3,180.83
$ 383.15
1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 t 1 1 i
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, 2004
Budgeted Amounts
Variance with
Final Budget
Positive
(Negative)
$ 146,018.37
e onn on
38,393.06
38,393.06
38,393.06
33,777.01
33.777.01
22409242
$ 225,092.42
Original
Final
Actual
Amounts
REVENUES
Taxes
$ 1,152,50000
5 1,152,500.00
$
1,298,518.37
Miscellaneous
4.68000
4,680.00
4.680.00
Investment revenue
22.50000
22,50400
29,403.98
Total revenues
1,179,680.00
1,179,680.00
1,332,602.35
EXPENDITURES
Current:
Administrative
440 000.100
1,110,000.00
1,071,606.94
440,000.00
1,110,00000
1,071,606.94
Total expenditures
440,000.00
1,^.10.000.00
1,0]1,606.94
Excess (reticency) of revenues
over (under) expenditures
739,680.00
69,680.00
260,995.41
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers out
(641,973.00)
(641,973.00)
(608,195.99)
Total other finanang sources and uses and special Items
(641,973.00)
(641,973.00)
(608,195.99)
Net change in lund balances
97]07.00
(572293.00)
(347,200.58)
Fund balances -- beginning
1,439,163 a0
1,439,163.40
1,439,163.40
Fund balancedending$
1,536 870.40
$ 866,87040
$
1,091,962.82
Variance with
Final Budget
Positive
(Negative)
$ 146,018.37
e onn on
38,393.06
38,393.06
38,393.06
33,777.01
33.777.01
22409242
$ 225,092.42
1 1 1 1 1 1 i
i
1 1
1 Y 1
1 1
Y
1 1 Y
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, 2004
Variance with
Budgeted
Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Taxes
$
18,00000
$ 18.000.00
$
21,360.63
$ 3,360.63
Investment revenue
200.00
200.00
969.85
769.85
Total revenues
18,200.00
18.200.00
22,330.48
4,130.48
EXPENDITURES
Current:
Development services
675.00
675.00
7,91120
(7,236.20)
675.00
675.00
7,911.20
(7,236.20)
Capital Outlay:
Development Services
40.000.00
40,000.00
-
40,00(1
40,000.00
40,000.00
40,000.00
Total expenditures
40,675.00
40,675.00
7.911.20
32.763.80
Excess(defciency) of revenues
over (under) expenditures
(22.47500)
(22.475.00)
14,41928
36,89428
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and uses and special items
Net change in fund balances
(22.475.60)
(2247500)
14,41928
36,89428
Fund balances — beginning
29,023.94
29,02394
29,023.94
Fund balances -ending
$
6,548.94
S 6,548.94
$
43,443.22
$ 36,09428
I i 1 1 1 1 i 1 li 1 1 K I I It I i a &
City of Cape Girardeau
Health
Statement of Revenues, Expenditures, and Changes In Fund Balances - Budget and Actual
Forth a Year Ended June 30, 2004
Variance with
Budgeted Amounts Final Budget -
Positive
Original Final Actual Amounts (Negative)
REVENUES
Taxes
Licenses & permits
Intergovernmental
Miscellaneous
Investment revenue
Total revenues
EXPENDITURES
Current:
Public Safety
Capital Outlay:
Public Safety
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other fredcing sources and uses and special items
Net change in fund balances
Fund balances -- beginning
Fund balances -- ending
$ 250,961.00
$ 250,961.00
$ 251,210.56
$ 249.56
5500:30
5.500.00
4,766.00
(734.00)
5.906.00
5,906.00
6,153.64
247.64
-
-
151.66
151.66
].249.00
7,249.00
7,144.65
(104.35)
269.616.00
269,616.00
269,426.51
(189.49)
269.616.00
269,616.00
183458.60
86,15740
269.616.00
269,616.00
183458.60
86,15740
3,013.50
(3,013.50)
3.013.50
(3,013.50)
269,61600
269,616.00
186,472.10
83,143.90
82,954.41
82,954.41
-
-
82,954.41
82,954.41
234,436
55
234,436.55
234,436.55
-
$ 234,43655
$ 234,436.55
$ 317,390.96
$ 82,964.41
1 1 1 i 1 1 i f 1 i 1 1 1 1 1 1 1 1 1
City of Cape Girardeau
Motor Fuel Tax
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30. 2004
Variance with
Budgeted Amounts
Final Budget
-
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Intergovernmental
$ 1400,000.00
$ 1,400,000.00
$ 1465,709.36
$ 65,709.36
Investment revenue
21,000.00
21,00000
41436.62
20,436.62
Total revenues
1421,00000
1421,000.00
1,50],145.98
86,14598
EXPENDITURES
Cunene
Public Works
14.000.00
13,976.67
23.33
14,000.00
13.976.67
23.33
Capital Outlay:
Capital Improvement Projects
6.000.00
4,857.95
1,142.05
c
6,000.00
4,857.95
1,142.05
Total expenditures
20,000.00
18,834.62
1,16538
Excess(de0ciency) of revenues
over (under) expenditures
1421.000.00
1,401,000.00
1,488,311,36
87,311.36
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers out
(1,727,00000)
(1,727,000.00)
(1727,000.00)
Total other financing sources and uses and special items
(1,727,000
00)
(1,727,000.00)
(1,727,000.00)
-
Netchaugetnfundbalances
(306,000-00)
(326,000.00)
(238,668.64)
87,311.36
Fund balances — beginning
978465.58
978,465.58
978,465.58
Fund balances --ending
$ 672,465.58
$ 652,465.58
S 739,776.94
$ 87,311.36
I i 1 1 1 1 1 1 1 i 1 i 1 1 f 1 i 1 1
City of Cape Girardeau
Capital Improvement Sales Tax -Flood Control
Statement of Revenues, Expenditures, and Changes in Fund Balances- Budget and Actual
For the Year Ended June 30. 2004
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Intergovernmental
$ 96,438.00
S 96.438.00
$ 137,426.50
$ 40.988.50
Investment revenue
7,500.00
2500.00
8,55674
1,056.74
Total revenues
103,93800
103.938.00
145,983.24
42,045.24
EXPENDITURES
CunenL
Public Works
644.58
(644.58)
844.58
(644.58)
Capital Outlay.
Capital Improvement Projects
919,963.00
919,96300
74,01179
845,951.21
919,963.00
919,963.00
74,011.79
845,951.21
Total expenditures
919,96300
919.963.00
74,656.37
845,306.63
Excess (deficiency) of revenues
over (under) expenditures
(816,025.00)
(816,025.00)
71,326.87
887,351.87
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers In
316,827.00
316,82200
24,558.31
(292,268.69)
Total other finanang sources and uses and special items
316,827.00
316,827,00
24,558.31
(292,268.69)
Net change in fund balances
(499,198.90)
(499,198.00)
95885.18
595,083.18
Fund balancesbeginning366,076.52
366,076.52
366,076.52
-
Fund balances —ending
($ 133,121.48)
($ 133.12148)
$ 461,961.70
$ 591
1 1 1 1 1 i 1
1 1 I
1 1 Y Y
1 1
1 1 11
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, 2004
Variance with
Budgeted
Amounts
Final Budget -
Positive
Original
Final Actual Amounts
(Negative)
REVENUES
Taxes
$ 1,989,000.00
3 1,989,000.00
$ 1.992,300.27
$ 3,30027
Investment revenue
46,50000
46,500.00
]],490.56
30,990.56
Total revenues
2,035,500.00
2,035,500.00
2,069,790.83
34,290.83
EXPENDITURES
Debt service.
Administrative charges
83.18].00
83.187.00
]0,8]1.00
12,316.00
Interest
]2],]32.00
727,732.00
]912]1.]2
(63,539.72)
Principal
770.000.00
]]0.000.00
770,000.00
-
1,580,919.00
1,580,919.00
1,632,142.]2
(51,223.]2)
w
Total expendlNres
1,580,919-00
1,580 919,00
1,632,142.72
(51,223.]2)
Excess (deficiency) of revenues
over(under) expenditures
454,58100
454,581.00
437,648.11
(16,932.89)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers in
30,00000
30,000.00
26,870.15
(3,129.85)
Transfers out
(1471,810.00)
(1,4]1.810.00)
(120,000.00)
1,351,810-00
Total other financing sources and uses and special items
(1441,810.00)
(1,441,810.00)
(93,129.85)
1,348,680.15
Net Changs in fund balances
(98]229.00)
(98],229.00)
344,51826
1,331,747 26
Fund balances — beginning
2,203.421.39
2,203,421.39
2,203,421.39
-
Fundbalances— ending
$ 1,216 192 39
S 1,216 192 39
$ 2.547,939 65
$ 1,331,]4].26
i 1 1 1 i 1 1
1 1 i
1 1 1 i
1 i
1
1 i
City
of Cape Girardeau
Capital Improvement Sates Tax -Sewer System Improvements
Statement of
Revenues, Expenditures,
and Changes in Fund Balances - Budget and Actual
Forthe Year Ended June 30, 2004
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Taxes
$ 1,989,000.00
$ 1,989,000.00
$ 1992479.63
$ 3.479.63
Investment revenue
16,500.00
16,500.00
8.486.25
(8,013.75)
Total revenues
2,005,500.00
2.005,500.00
2,000,965.88
(4,534.12)
EXPENDITURES
Total expenditures
Excess(defiaiency) of revenues
over (under) expenditures
2,005,500.00
2.005 500.00
2,000,965.88
(4,534.12)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Translate out
(2,059,301.00)
(2,059.301.00)
(1,983,081.56)
76.219.44
Total other financing sources and uses and special items
(2,059,301.00)
(2069,301.00)
(1,983,081.56)
76,219.44
Net changein fund balances
(53.801.00)
(53,801.00(
17,884.32
71,685.32
Fund balances —beginning
722,306.08
722,30608
722,306.08
Fund balances — ending
$ 668.505.08
S 668,505.08
$ 740,19040
$ 71,685.32
1 1 1 i 1 1 Y 1 1 Y 1 1 i 1 i 1 1 i 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. 2004
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Taxes
$ 3.810,000
.00
5 3,810,000
00
$ 3,8]6,428.65
S 66,428.65
Intergovernmental
232,850.00
232,850.00
465,918.02
233,068.02
investment evenue
04.000.00
84,000.00
140,]59.00
56,759.00
Special assessments
-
-
30,028.63
30,028.63
Total revenues
4,126.850.00
4,126,850.00
4,513
134,
TO
386,284.30
EXPENDITURES
Current:
Public Works
-
-
113.80
(113.80)
-
113.80
(113.00)
Capital Outlay.
ac Capital Improvement Projects
5,362.500.00
5,362,500.00
1,5]],918.]0
3,784,581.30
O
5362,500.00
5,362.500.00
1,5]],918]0
3,784,501.30
Total expenditures
5.362.500.00
5,362,500.00
1,578,032.50
3,784,467.50
Excess(deficlency) of revenues
over (under) expenditures
(1,235,650.00)
(1,235,650.00)
2,935,101.80
4,1]0,]51.80
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers in
200.000.00
200,000.00
200,000.00
Total other financing sources and uses and special items
200.000.00
200,000.00
200
000.00
-
Netchangeinfundbalances
0,035
65C 07)
(1,035,650.00)
3,135,101.80
4,170,]51.80
Fund balancesbeginning3,653,094.15
3,653,894.15
3,653
894 15
Fund balancesending$
2,618,244.15
S 2,618,244.15
S 6.788,995.95
$ 4,1]0,]51.80
I 1 1 i i i 1 f i i 1 1 1 1 1 Y 11, 1 i
City of Cape Girardeau
General Capital Improvements
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30. 2004
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual
Amounts
(Negative)
REVENUES
Intergovernmental
S -
$ -
$
512,841.08
$ 512,841.08
Investment revenue
450.00
450.00
4,008.58
3.558.58
Total revenues
450.00
450.00
516,849.66
516.399.66
EXPENDITURES
Current:
Administrative
(136.90)
13690
(136.90)
136.90
Capital Outlay
Capital Improvement Projects
49.250.00
613,250.00
588,99626
24,25374
49.250.00
613250.00
588,996.26
2425374
w Total expenditures
49.250.00
613,250.00
588,859.36
24,390.64
Excess(donvency) of revenues
over (under) expenditures
(48,800.00)
(612,800.00)
(72,009.70)
54079030
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and uses and special items
-
Netchangelnfundbalances
(48,800.00)
(612.800.00)
(72,00970)
540,79030
Fund balances —beginning
280.097.84
280,097.84
280,097.84
Fund balancesending$
231.297.84
(S 332.702.16)
$
208.088.14
$ 540,790.30
1 1 1 f 1 i i 1 1 i 1 i 1 1 1 1 1 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, 2004
Budgeted Amounts
Original Final Actual Amounts
REVENUES
Intergovernmental IS 425,000.00 $ 425.000.00 $ (3,461.79)
Investment revenue - - 47,775.55
Special assessments - - (2,67845)
Total revenues 425,000.00 425,000.00 41.635.31
EXPENDITURES
Capital Outlay,
Capital Improvement Projects
1,495.800
00
1,495,800
00
Total expenditures
1 495,800.00
Excess (deficiency) of revenues
ad over (under) expenditures
(1,070,800.00)
N
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers in
550,000.00
Total other financing sources and uses and special items
550,000.00
Net change in fund balances
(520,800
00)
Fund balances—beginning
865,84005
Fund balances -- ending
S 345,04005
1.495.800.00
1,495,80000
1495.800.00
(1,070,80000)
550,000.00
550,000 00
(520,800.00)
865,840.05
5 345,040.05
606.723.29
606,723.29
606.723.29
(565,08798)
550,000.00
550,00000
(15,087.98)
865,840.05
$ 850,752.07
Variance with
Final Budget
Positive
(Negative)
$ (428,461.79)
(383,364.69)
889,076]1
889,07671
889.076.71
505 712.02
$ 505,712.02
I 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 i 1 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. 2004
Variance with
Budgeted AmountsFinal
Budget
-
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Intergovernmental
$ 337,25200
$ 337252.00
$ 534,876.01
$ 197,624.01
Investment revenue
-
-
3,848.14
3.048.14
Total revenues
33725200
337,252.00
638,724.15
201472.15
EXPENDITURES
Capital Outlay,
Capital Improvement Projects
423320.00
423,32000
359,945.55
63,374.45
42332400
423.320.00
359,945.55
63,374.45
Total expenditures
423,32000
423320.00
359,945.55
63,37445
Excess (deficiency) of revenues
over (under) expenditures
(86,06800)
(86,068.00)
178,778.60
264,846.60
w
w OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and uses and special items
_
Net change in fund balances
(86,06800)
(86,068.00)
178,778.60
264,846.60
Fund balancer --beginning
(258,755.88)
(258,755.88)
(258,755.88)
Fund balanced—ending($
344.823.081
(5 344,823.88)
J179 977 28L
$ 264,84460
I 1 1 1 1 It 1 1 1 1 i 1 1 l 1 1 1 1 1
City of Cape Girardeau
Community Development Block Grant Projects
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2004
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Intergovernmental
g 145,890.00
5 145,890.00
$ 91,546.07
$ (54.343.93)
Investment revenue
-
-
2,202.92
2,202.92
Total revenues
145.890.00
145,89000
93,]48.99
(52.141.01)
EXPENDITURES
Current.
Development Services
109,]11.68
(109,711,68)
-
109,]11.68
(109,711.68)
Debt service:
Interest
_
-
29227
(29227)
-
292.27
(292.27)
0o Capital Outlay:
y
Capital Improvement Projects
170,890.00
170,89090
6,552.26
164,33].]4
170,89000
170,890.00
6,552.26
164,33].]4
Total expenditures
170,890.00
170,090.00
116,556.21
54,33379
Excess (deficiency) of revenues
over (under) expenditures
(25,000.00)
(25,000.00)
(22.807.22)
2,192.78
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers in
25,000.00
25,00000
35,118.3]
10,118.37
Total other financing sources and uses and special items
25,000.00
25,000.00
35,110.37
10,118.37
Net change In fund balances
-
-
12,311.15
12,311.15
Fund balances - beginning
]8,450]0
]8,45070
]8,450.]0
Fund balances --ending
$ ]8450.]0
$ ]8,450.]0
$ 90,]61.85
$ 12,311.15
i I 1 1 i 1 i 1
f
f i 1 1
{ i
i
It 1 1
City of Cape Girardeau
FAU Grant Projects
Statement of Revenues, Expenditures, and Changes in Fund Balances
- Budget and Actual
For the Year Ended June 30, 2004
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Investment revenue
S 12,
000 CO S 12,000.00
$
9.644.94
$ (2,35506)
Total revenues
12.000:90
12,000.00
9,644.94
(2355.06)
EXPENDITURES
Capital Outlay:
Capital Improvement Projects
(3,565.67)
3,565.67
-
(3,565.67)
3.565.67
Total expenditures
(3,565-67)
3,565.67
Excess (deficiency) of revenues
over (under) expenditures
12000.00
12,000.00
13,210.61
1,21061
x OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Total other financing sources and uses and special items
Net change In fund balances
12,000.00
12 000.00
13,210.61
1,210.61
Fund balancesbeginning
388,35803
388,358.03
388,358.03
-
Fundbalances—ending
$ 400.358.03
S 400,358.03
$
401.568.64
$ 1.210.61
1 1 Y i 1 1 1 1 1 1 1 1 i i i 1 1 1 1
City of Cape Girardeau
Corp Flood Control Projects
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2004
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Investment revenue
$
-
$
-
$ 2,805.94
$ 2,805.94
Total revenues
2,805.94
2,805.94
EXPENDITURES
Current.
Public Works
146,600.80
(146,600.80)
-
146,600.80
(146,600.80)
Capital Cutts
Capital Improvement Projects
14.011.78
(14,011.78)
14.011.78
(14,011.78)
Total expenditures
160,612.58
(160,612-58)
w
or Excess (deficiency)of revenues
over (under) expenditures
(157,806.64)
(157,806.64)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers out
(316,82700)
(316.827.00)
(24,558.31)
29226869
Total other financing sources and uses and special items
(316,827.00)
(316.82700)
(24,558-31)
292,268.69
Net change In fund balances
(316,02700)
(316,827.00)
(182,364.95)
134,462.05
Fund balances --beginning
314,444.88
314,444.88
314,444.88
-
Fundbalances—ending($
2.38212)
($ 2.382.12)
S 132,079-93
$ 134,462-05
1 1 1 i 1 i i
i i
i
1 1
i
i
City of
Cape Girardeau
Sewer
Statement of
Revenues, Expenditures,
and Changes in Fund
Balances-
Budget and Actual
For the year
Ended June 30, 2004
Variance with
Budgeted AmountsFinal
Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Residential charges
$ 1,514.000.00
$ 1.514
000 00
$ 1,520,25541
$ 6,255.41
Commerical charges
972,000.00
972.000.00
993,406.04
21 406.04
Other fees and charges
44,000.00
44,000.00
40.318.06
(3.681.92)
Miscellaneous
45.000.00
45.000.00
27,449.02
(17.550.98)
Told] revenues
2,575,000.00
2,575.000.00
2,581
428.55
6,428.55
EXPENDITURES
Current:
Contractual services
191,129.00
195,259.00
142,551.92
52707.08
General operating expenses
50]00.00
45.943
00
31,491.18
14.451.82
Internal service expense
65,905.00
65,905.00
73,837.58
(7,932.58)
Material and supplies
26O518.00
266,500.00
252.45908
14,04092
Personnel services
944,331.00
944,331.00
896,875.46
47,455.54
Special projects expense
32.000.00
30.500.00
34,393.89
(3,893.89)
w
1,544,583.10
1,548
438.00
1.431,609
11
116,828.89
v Debt service_
Administrative charges
168,261
CO
168,261.00
163,966.95
4,294.05
Interest
427,553.00
243,922.00
137.721.41
106,200.59
Issuance cost
-
-
7942
(79.42)
Principal
1,792,664.00
2.322,895.00
2,322,89701
(2.01)
2.38847800
2,735,071
2.624,664.79
110.413.21
Capital Outlay:
Capital Improvement Projects
1,151
200 00
1,547,600.00
910,056.97
637,543.03
Equipment
77,900.00
73.846.00
49,223.54
24,621.46
Other Capital Expenditures
250,000.00
250,000.00
288,568.89
(38,568.89)
1479.100.00
1,071,445.00
1,247,849.40
623,595.60
Total expenditures
5.412.161.00
6,154.961.00
5,304,123.30
850,83770
Excess(de6dency) of revenues
over (under) expenditures
(2,837
161 00)
(3.579,961.00)
(2,722,694.75)
867,26625
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Intergovernmental
-
-
89.30
89.30
Transfers In
2,059.301.00
2,059,301.00
1,983,081.56
(76,219.44)
Investment revenue
40.70400
40,704.00
415,630.26
374,926.26
Connection fees
100.000.00
100,000.00
202,060.53
101
Spetlal assessments
38.844
00
38,844.00
110.237.34
71,393 34
Bond proceeds
240.000.00
240,000.00
(240,000.00)
Total other financing sources and uses and special items
2,478
849 00
2,470,849.00
2,711.098.99
232,249.99
Net change In fund balances
(358,312.00)
(1,101,112.00)
(11,595]6)
-1781,516.24
Fund balances — beginning
3,733.035.81
3,733.035.81
3,733.035.81
Fund balances — ending
$ 3.374]2331
$ 2,631,923.81
$ 3.721440.05
8 1,089,516.24
I 1 i 1 1 f f 1 1 1 i 1 i 1 i 1 i i 1
City of Cape Girardeau
Water
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2004
Variance with
Budgeted Amounts
final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Residential charges
5 2,89$800.00
S 2,898 800 00
$ 2,847,201.77
$ (51,598.23)
Commerical charges
2,011.]00.00
2,011,]00.00
2,207,399.98
195,699.98
Other fees and charges
124.000.00
124,000.00
140,41 ].88
16,41 ].88
Miscellaneous
12.500.00
12,500.00
13,602.]]
1,102.]]
Total revenues
5,04].000.00
5,047,000.00
5,208,622.40
161,62240
EXPENDITURES
Cunept
Contractual services
2981,163.00
2.989,910 00
2,880,418.39
109,491.61
General operating expenses
163,500.00
163,500.00
168,340.90
(4,840.90)
Internal service expense
38,426.00
38,426.00
40,6]].54
(2,251.54)
Material and supplies
396,
52500
397,660.00
326.477.57
71,182.43
Personnel services
120
096
00
120,096.00
102,403.04
1 ],692.96
Special projects expense
45,000.00
45,000.00
39,539.12
5,460.88
do
3744,]10.00
3,754,592.00
3,55],856.56
196,735.44
ad Debt service:
Administrative charges
1,900,00
1,900.00
]31.50
1,168.50
Interest
521.020.00
621,020.00
521,021.02
(1.02)
Issuance cost
-
-
50.16
(50.16)
Principal
]00,620.00
700,620.00
]00,61].53
2.47
1,223
540
00
1,223.540.00
1,222,420.21
1,119.79
Capital Outlay:
Equipment
257.]00.00
247,818.00
272,97].86
(25,159.86)
257.]00.00
1 ..'6S
272,777.86
----(7575-TST
Total expenditures
5225.950.00
5,225,950.00
5,053254.63
1]2,695.3]
Excess (deficiency) of revenues
over (under) expenditures
(178,950.00)
(1]8,950.00)
155.367.77
334,317.77
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Intergovernmental
-
-
1,285.03
1.285.03
Transfers In
-
-
120,000
OD
120.000.00
Investment revenue
142,350.00
142,350.00
142811.]0
461.70
Special assessments
10,500.00
10,500.00
26.548.86
16,048.86
Asset disposition
42,500.00
42,500.00
36,500.00
(6.00000)
Total other financing sources and uses and special items
195,35000
195,350.00
327,145.59
131 795.59
Net change in fund balances
16400.00
16,400.00
482,513.36
466.113.36
Fund balances -- beginning
3798,531.2]
3,798 531,27
3798.531,27
Fund balances — ending
$ 3,8149312]
5 3,814 931 27
$ 4281,044.63
$ 466.113.36
I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1
City of Cape Girardeau
Solid Waste
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30. 2004
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Residential charges
$ 1,738,500.00
$ 1,738500.00
$ 1,764,76046
$ 26,26046
Commerical charges
24,40000
24,400.00
12,959.04
(11,440.96)
Transfer station charges
530,
000.00
530,000.00
696,050.39
166,050.39
Other fees and charges
75,20000
75200.00
74,961.39
(238.61)
Miscellaneous
25,000.00
25,000.00
30,996.50
5,996.50
Total revenues
2,393,100.00
2,393,100.00
2.579,727.78
186,527.78
EXPENDITURES
Current:
Contractual services
780,42300
951,253.00
934,153.09
17,099.91
General operating expenses
40,870.00
38,750.00
24,579.93
14,170.07
Internal service expense
151,991.00
151,991.00
198,049.14
(46,058.14)
Material and supplies
82,612.00
82,042.00
78,806.05
3,235.95
w Personnel services
1.059
32C 00
1,059,320.00
955,667.64
103,652.36
,dt Special projects expense
89,87500
97,90300
107,196.61
(9293.61)
2,205,079.00
2,381259.00
2.298,452.46
82,806.54
Debt service'.
Administrative charges
50000
500.00
-
500.00
Interest
32.47000
32,470.00
30534.38
1,935.62
Issuance or
-
-
33.44
(33.44)
Principal
34,840.00
34,840.00
34,840.64
(0.64)
57,810.00
67,810.00
65,408.46
2401.54
Capital Outlay:
Equipment
184,820
AO
183,640.00
154,972.84
28,667.16
Other Capital Expenditures
-
25,016.00
(25,016.00)
184.820.00
183.640.00
179.988.84
3,651.16
Total expenditures
2,457,709.00
2.632,709.00
2,543.849.76
88,859.24
Excess (deficiency) of revenues
over (under) expenditures
(64.609.00)
(239,609.00)
35,878.02
275487.02
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Intergovernmental
5,210.00
5,210.00
5.21025
0.25
Investment revenue
22,500.00
22,500.00
30,189.60
7,689.60
Asset disposition
8,79024
8,790.24
Total other financing sources and uses and special items
27,710.00
27,710.00
44,190.09
16,480.09
Net changeln fund balances
(36.09900)
(211,899.00)
80,06811
291,96711
Fund balances --beginning
837,913.99
837,913.99
837,913.99
-
Fundficamoes— ending
$ 801,01499
S 626,014.99
$ 917,982.10
$ 291,967.11
I 1 1 1 1 1 1 f 1 i 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, 2004
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Userfess
$ 455,500.00
S 455,500.00
5 412,162.57
$ (43,33743)
Concession revenues
70,000.00
78,000.00
71526.95
(6.473.05)
Equipment sales
8, 10C.00
8,100.00
9,817.60
1,717.60
Miscellaneous
-
-
86544
86544
Total revenues
541,60000
541,600.00
494,372.56
(47,22144)
EXPENDITURES
Current:
ContracWal services
22,251 CO
22,551.00
23,322.13
(771.13)
General operating expenses
40,97500
48,97500
48,833.25
14175
Internal service expense
60, 099.00
68,899.00
68,804.41
94.59
Material and supplies
65,09900
64,799.00
49,636.92
15,162.08
Personnel services
278.709:90
278,709.00
275,490.93
3,210 07
Speual projects expense
6.700.00
6,70000
6,490.00
210.00
Cs
490.633.00
490.633.00
472,585.64
18,047.35
Debt service'.
Interest
18,365.00
18,365.00
18,643.24
(278.24)
Principal
18.900.00
18.900.00
18,899.32
0.68
37265.00
37,265.00
37,542.56
(277.56)
Capital Outlay:
Equipment
14,000.00
14,000.00
(150.00)
14,150.00
14,00000
14,000.00
(150.00)
14,150.00
Total expenditures
541,898.00
541,898.00
509,978.20
31,919.60
Excess (deficiency) of revenues
over (under) expenditures
(298 00)
(298.00)
(15,605.64)
(15,307.64)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers in
-
-
27,965.86
27,965.06
nvestrnent revenue
6C0.00
600.00
1,070.00
470.00
Asset disposition
561.60
561.60
Total other financing sources and uses and special items
600.00
600.00
29,59746
28,997 46
Net change In fund balances
30200
302.00
13,991.82
13,689.82
Fund balances -- beginning
5,668 32
5,668.32
5,668.32
-
Fund balances — ending
S 5,970.32
S 5,970.32
$ 19,660.14
$ 13,689.82
I 1 1 1 1 1 i 1 1 1 1 1 1 f 1 1 It 1 i
City of Cape Girardeau
Softball Complex
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30. 2004
Variance with
Budgeted AmountsFinal
Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
User fees
S 9,500.00
S 57,500.00
$ 63,998.06
$ 6,498.06
Concession revenues
64, 000 DO
64,000.00
69,530.96
5,530.96
Equipment sales
9,500.00
9,50000
9,353.50
(146.50)
Miscellaneous
-
-
(411
(415.27)
Total revenues
131.000.00
131,000.00
142,467.25
11 46].25
EXPENDITURES
Current
Contractual services
15,932-00
16,312.00
18,190.90
(1,87890)
General operating expenses
50,053.00
54,053.00
53,425.33
62].6]
Internal service expense
2],5]3.00
2],5]3.00
20,052.97
],520.03
Material and supplies
53,32300
52,393.00
48,195.20
4,197.80
Personnel services
238,698.00
244,69800
246,527.81
(1,829.81)
,p Special projects expense
10,000.00
10,000.00
8.452.13
1,54].8]
395, 579. CO
405,029.00
394,844.34
10,184.66
Debt service:
Interest
5,]00.00
5,]0000
5,283.25
416.75
5.]00.00
5,700.00
5,283.25
416.75
Capital Outlay.
Equipment
-
550.00
1,330.00
(780.00)
550.00
1,330.00
(780.00)
Total expenditures
4012]9.00
411,2]9.00
401,457.59
9,821.41
Excess (deficiency) of revenues
over (under) expenditures
(2]0,279.00)
(280,2]900)
(256.990.34)
21,288.66
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Transfers in
269229.00
269,229.00
266,291.24
(2,93].]6)
Investment revenue
1,050.00
1,050.00
718.06
(331.94)
Total other financing sources and uses and special Items
2]02]9.00
2]0,2]9.00
267,009.30
(3,269.70)
Net change in fund balances
-
(10,000-00)
8018.96
1a.utn.9n
Fund balances—beginning
1246.03
1,246.03
1,246.03
-
Fundbalances -- ending
$ 1,246.03
($ 8.]5397)
$ 9,264.99
$ 18,018.96
1 I i i 1 1 1 1 1 1 1 1 f i 1 1 1 1 Y
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, 2004
Actual Amounts
$ 318.192.00
318,192.00
66.702.76
847.17
11,922.51
95,906.90
175,379.34
262.06
3,430.00
70,000.00
73.692.06
93,421.30
93,421.30
342,492.70
(24,300.70)
776.75
1,776.75
(22,523.95)
89,591.85
$ 67,067.90
Variance with
Final Budget -
Positive
(Negative)
$
Original
Final
1,422.24
REVENUES
4,197.83
Internal charges
$ 326,000.00
9 326,000.00
Total revenues
326.000.00
326,00000
EXPENDITURES
Current
Contractual services
68.12510
68,125.00
General operating expenses
5,045.00
5,045.00
Material and supplies
20.250.00
20,250.00
Personnel services
9638800
96,388.00
189,808.00
189,808.00
ro Debt service:
Administrative charges
50000
500.00
Interest
3.430.00
3,430
00
Principal
70.000.00
70,000.00
73,93000
73,930.00
Capital Outlay:
Equipment
64500
CO
91,500.00
64,500.00
91,500.00
Total expenditures
328,238.00
355,236.00
Excess(defidency) of revenues
over (under) expenditures
(2.23800)
(29.238.00)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Investment revenue
2,100.00
2,100.00
Total other financing sources and uses and special items
2,100.00
2.100.00
Net change'm fund balances
(138.00)
(27.138.00)
Fund balances— beginning
89,591.85
89,591.85
Fund balances -- ending
g 89.453.85
5 6245385
Actual Amounts
$ 318.192.00
318,192.00
66.702.76
847.17
11,922.51
95,906.90
175,379.34
262.06
3,430.00
70,000.00
73.692.06
93,421.30
93,421.30
342,492.70
(24,300.70)
776.75
1,776.75
(22,523.95)
89,591.85
$ 67,067.90
Variance with
Final Budget -
Positive
(Negative)
$
(7,80800)
(7,808 00)
1,422.24
4,197.83
23794
(1,921.30)
(1,921.30)
12,745.30
4,937.30
(323.25)
(323.25)
4 e14 ns
$ 4,614.05
I 1 i it i ( f 1 1 1 1 1 It 1 1 1 1 f
City of Cape Girardeau
Fleet Management
Statement of Revenues, Expenditures, and Changes in Fund Balances- Budget and Actual
For the Year Ended June 30, 2004
Variance with
Budgeted Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Internal charges
$
1,028.000.00
$ 1,028.000.00
$ 948,680.60
$ (79,319.40)
Miscellaneous
-
-
1,197.31
1,197.31
Totalrevenues
1,028000.00
1,028,000.00
949,87791
(78,122.09)
EXPENDITURES
Current:
Contractual services
149.386.00
149,886.00
149,687.38
198.62
General operating expenses
2,300.00
2,300.00
768.50
1,531.50
Internal service expense
2,322.00
2,322.00
2,322.00
-
Material and supplies
298.557.00
298,247.00
273,737.47
24,509.53
Personnel services
547,292.00
547,292.00
487,287.43
60,004.57
999,857.00
1,000,047.00
913,802.78
86,244.22
Debt service:
Interest
-
-
2.31
(2.31)
Principal
231.42
(23142)
23373
(233.73)
Capital Outlay:
Equipment
-
12,89100
13,193.11
(302.11)
Other Capital Expenditures
14,500.00
1,419,00
1 419.00
14,500 00
14.310.00
13,193.11
1,116.89
Total expenditures
1,014,357.00
1,014,357.00
927,229.62
87.127.38
Excess (deficiency) of revenues
over (under) expenditures
13,643.00
13,643.00
22,648.29
9005.29
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Investment revenue
4,50000
4.500.00
4,379.95
(120.05)
Transfers out
(28,233.00)
(28,233.00)
(28,232.50)
0.50
Total other financing sources and uses and special Items
(23,733.00)
(23,733.00)
(23,852.55)
(119.55)
Net change In fund balances
(10,090.00)
(10.090.00)
(1,204.26)
8,885]4
Fund balances - beginning
177,236.22
177,236 22
177,236 22
Fund balances -- ending
$
167,146.22
$ 167,146.22
S 175,031.96
$ 8,885.74
1 f 1 1 1 1 1 1 1 1 1 1 i 1 1 1 i 1 i
City of Cape Girardeau
Fringe Benefits
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2004
Budgeted Amounts
Variance with
Final Budget -
Positive
(Negative)
$ (22,160.05)
(22,160.05)
(156,028.93)
(156,028.93)
(156,028.93)
(178,188.98)
785.81
(177,463.17)
($ 177,403.17)
Original
Final
Actual Amounts
REVENUES
Internal charges
S 2.272,90.00
S 2,272,570.00
$ 2250,409.95
Total revenues
22]2,5]000
2,272,57000
2,250,45 95
EXPENDITURES
Current:
Contractual services
2,168,410.00
2,168 41 0.00
2,324,438.93
2,168,410.00
2.168,410 00
2,324,438.93
Total expenditures
2,168410 00
2,168 410,00
2,324,438.93
Excess(deficoncy) of revenues
over (under) expenditures
A
104,160.00
104,160.00
(74,028.98)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Investment revenue
7,500.00
7,500.00
8285.81
Transfers out
(114,175.00)
(114,175.00)
(114,175.00)
Total other financing sources and uses and special Items
(106,675.00)
(106,675.00)
(105,889.19)
Net change In fund balances
(2.515.00)
(2,515.00)
(179,91817)
Fund balancesbeginning66.268.62
66.268.62
66268.62
Fund balancesending$
63,753.62
$ 63,753.62
($113,649.55)
Variance with
Final Budget -
Positive
(Negative)
$ (22,160.05)
(22,160.05)
(156,028.93)
(156,028.93)
(156,028.93)
(178,188.98)
785.81
(177,463.17)
($ 177,403.17)
I i 1 1 i 1 1 f 1 1 1 1 11 1 1 i i 1 1
City of Cape Girardeau
Risk Management
Statement of Revenues, Ezpenditures, and Changes in Fund Balances - Budget and Actual
For the Year Ended June 30, 2004
Budgeted Amounts
Variance with
Final Budget
-
Positive
(Negative)
S (10,144.36)
5,448.38
(4,695.98)
(97,070.13)
(41,10924)
5.000.00
(133,179.37)
(133,179.37)
(131875.35)
(7.575.96)
(7,575.96)
($ 145,451.31)
Original
Final
Actual Amounts
REVENUES
Internal charges
S
346,478.00
5 346,478.00
$ 336,333.64
f,hadellaneous
-
-
5,448.38
Total revenues
346473.00
346,478.00
341782.02
EXPENDITURES
Current:
Contractual services
376.478.00
486,478.00
583.548.13
General operating expenses
10,000.00
10,000.00
51,109.24
Material and supplies
5,000.00
5,000.00
vD
391,478.00
501478.00
634,657.37
Total expenditures
391,478.00
501 478.00
634,657.37
Excess (deficiency) of revenues
over (under) expenditures
(45.000.00
(155,000.00)
(292,875.35)
OTHER FINANCING SOURCES (USES) AND SPECIAL ITEMS
Investment revenue
45.000.00
45,000.00
37.424.04
Total other financing sources and uses and special items
45,000.00
45.000.00
37,424.04
Net change in fund balances
-
(110,000.00)
(255,451.31)
Fund balances—beginning
1,298.375.61
1,298,375.61
1,298,375.61
Fund balances — ending
$
1,298,375.61
S 1,188,375.61
$ 1,042,924.30
Variance with
Final Budget
-
Positive
(Negative)
S (10,144.36)
5,448.38
(4,695.98)
(97,070.13)
(41,10924)
5.000.00
(133,179.37)
(133,179.37)
(131875.35)
(7.575.96)
(7,575.96)
($ 145,451.31)
1 1 i i 1 i
1
i 1
1
1 1 1
City
of Cape Girardeau
Equipment Replacement
Statement of
Revenues, Expenditures,
and Changes in Fund Balances
- Budget and Actual
For
the Year Ended June 30, 2004
Variance with
Budgeted
Amounts
Final Budget -
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES
Internal charges
$ 426.365.00
$ 426,366-00
$
379,27448
$ (47,09052)
Total revenues
426,365.90
426,365.00
379,274.48
(47,090.52)
EXPENDITURES
Debt service:
Administrative charges
550.00
550.00
271.96
278.04
Interest
6,22000
6,220.00
24,532.17
(18,312.17)
Principal
30,000.00
125,000.00
171,358.55
(46,358.55)
36,770.00
131,770.0
196,162.68
(64,392.68)
Capital Outlay:
Equipment
160,200.00
342.200.00
335.268.31
6,931.69
168,200
00
342,20000
335,268.31
6,931.69
Total expenditures
204,970.00
473,970.00
531430.99
(57,460.99)
Excess (deficiency) of revenues
over (under) expenditures
221395.00
(47,605.00)
(152,156.51)
(104,551.51)
OTHER FINANCING SOURCES (USES) AND
SPECIAL ITEMS
Transfers in
125.777.00
125,77700
125,777.00
-
Investmentrevenue
26,400.00
26,400A0
23,709.83
(2,690.17)
Other loan proceeds
-
-
121,500.00
121,500.00
Advance repayments
26.600.00
26,600.00
26,585.92
(14,08)
Asset disposition
31498.48
9,850.00
Total other financing sources and uses and
special items
178.777.00
178,777.00
329,071.23
150,294.23
Net change In fund balances
400,172.00
131,172.00
176,91472
45,742.72
Fund balances beginning
67638040
67638040
676,380.40
Fund balances—end,,,
$ 1,076.55240
$ 807,552.40
$
853,295.12
$ 45,742.72
ANNUAL FEDERAL FINANCIAL COMPLIANCE SEC] ION
BEUSSINK, HEY, ROE, SEABAUGH & STRODER, L.L.C.
Certified Public Accountants
4018 Sycamore 16 So. Silver Springs Road 105 So. Ho
Cairo, Illinois 62914 Cape Girardeau, Missouri 63703 55
Jackson, Missouri 63755
Telephone(618) 734-3300 Telephone (573) 334-7471 Tnlcphone (573) 243-3991
Facsimile (628) 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. Of of Management and Budget (OMB)
Circular A-133 Compliance Supplement that are applicable to its major federal program for the
year ended June 30, 2004. City of Cape Girardeau, Missouri's major federal programs are
identified in the summary of auditors' results section of the accompanying Schedule of Findings
and Questioned Costs. Compliance with the requirements of laws, regulations, contracts and
grants applicable to each of 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.
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 Auditing Standards, issued by the Comptroller General of the United States; and
OMB Circular A-233, Audits of States, Local Governments, and Non-profit Organizations.
Those standards and OMB Circular A-133 require that we plan and perform the audit to obtain
reasonable assurance about whether noncompliance with the types of compliance requirements
y 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.
97
In our opinion, City of Cape Girardeau, Missouri complied, in all material respects, with the
requirements referred to above that are applicable to each of its major federal programs for
the year ended June 30, 2004.
y Internal Control Over Compliance
y 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
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 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
ofthc 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.
BLUSSINK, I IF.Y, ROE, SEABAUGH & STRODER, L_L.C.
d SW,f 4ja 4. Z. C.
Cape Girardeau, Missouri J
November 18, 2004
98
BEUSSINK, HEY, ROE, SEABAUGH & STRODER, L.L.C.
Certifier! Public Accountants
16 So. Silver Springs Road
4018 Sycamore 105 Su. 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 COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL
REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS
PERFORMED IN ACCORDANCE WITH GOGTRNMF,NTA UDITING STANDARDS
' Honorable Mayor and Members of the City Council
City of Cape Girardeau, Missouri
We have audited the basic financial statements of the governmental activities, each major fund
and the aggregate remaining fund information of City of Cape Girardeau, Missouri as of and for
the year ended June 30, 2004, which collectively compromise the City's basic financial
statements and have issued our report thereon dated November 18, 2004. 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.
Compliance
.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 grants, noncompliance with which
would have a direct and material effect on the determination of financial statement amounts.
However, providing an opinion on compliance with those provisions was not an objective of our
audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no
instances of noncompliance that are required to be reported under Government Auditing
Standards_
Internal Control 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 opinion on the basic financial statements and not to provide assurance 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 over financial
reporting that might be material weaknesses. A material weakness is a condition in which the
99
_ design or operation of one or more of the internal control components does not reduce to a
relatively low level the risk that misstatements 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
employees 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.
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.
BEUSSINK, HELY, ROE, SEAB�AU/GH & STRODER, L.L.C.
Cape Girardeau, Missouri J
November 18, 2004
100
CITY OF CAPE GIRARD] All, MISSOURI
SCIIN)UL] OI_ LXPLIND1lURF.S 01 HDCRAL AWARDS
For the Ycvr linded June 30, 2004
Federal
CFDA Yrogrum
Federal Grantor/Ease-lhroueh Gmntor Proeam TIII Number Nmnbcx Disbursements
1: S. DLPARTMFNT OF IIOUSING AND
TRBAN Dk VI!LOPMI' NI`.
Community Deeelopinent Block Grant -
Brooiuficlds lfconomic Dmclopmen[Initiativc
14_2,16
N/A
Paysed'I hrough Missouri Deportment of
Bcvnomiu Do,lopmnrt -
Communip llevelopment Block Gmnk/
State's Program
14228
2002 -ND -04
I!mcrgcncy Sheller Grants Progana Q?SC)
14231
PRO1640542
10 AL U. S. DI:PARIMINF OF HOUSING AND
URBAN DFVFLOPMkN 1'
C.S DFPAR I III NI OF 3USflcl('.
Gang-Frcc Schools and Cmmnlnunitics- Conununitc-
BascdGan ffi(u,cntion
16544
A'fCOli000035
Passed Through Missouri Department of
Menml I Iwlth-
If'If 'III III llIII III agu l)n n I i ng l mat Pro gr 11 n)
P, '21
AO00433019-1
aaecd'I hrnugh tc Cil, of Poplar Bluff, Missouri -
Paexcd throughthe.Soulhca,al Missnuri Dnig
II'A Ibrcc-
Ldmmmd Banc Mcnio,d Sime and Local
I a,, Ifn0acement Assistnnce Discretiauurv_
( ant, Prognun
16 580
N/A $
5,387
Public Safcty Partnership and Communih
Pohcing Grants
16.716
N/A
6,062
Passed Through Missouri Department of
Public Salch -
Caime Vict,II, smncc
16575
2060 -VOLA -0110 $
6,440
2601 -VOLA -0082 -
20,171
Violence Against Woman l ormula Grant
16.588
2003-VAWA-00115
IDwl la, I!nlorcenment Block Cnanls
Program
16.592
U2-1.11-1IX-2614 $
18,868
01 -LB -BX -3823
17,871
01-1,11-13X 0569_
938
ColallamlRT C upucitc Deeelopmevt 011`,e
16.595
N/A
lfulletproaf Vcsl Partnership Progam
16607
N/A
10[ALU.S. DEPART _NiL'N1 01:IGSTICF.
"Ilm Ausompau} mg Notes to
Schedule of Fxpenditurce
of Vederul Amcards
Arc an Integral
Part of
101
I has licpnrt
$ 305
75,727
,642
IS 1011674
$ 6,673
6.182
11,449
26,611
9,497
37,677
13,6011
1,640
$ 113,321)
CITY OF CAPE GIRARDEAU,
MISSOURI
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
For the Year Ended June 30,
2004
Federal
CFDA
Program
Federal Grantor/Pass-through Greater Program Title Number
Number
Disbursements
U.S. DEPARTMENT OF TRANSPORTATION,
Passed Through Missouri Department of
Transportation -
Highway Planning and Construction (1) 20.205
STP-15110(1109) $
521,419
SIP-1500(011)
11,669
S'IY-ISoo(o(18)
465,918
..
STP-1500(005)
13,100
SP-1500((101)
4,058
$ 1016,164
Formula Grants for Othcr Thaa
"
Urbaa,,cd Areas 20.509
MO-I8-X024
125,326
Slut, and Conuauniti I ligli,a, Sofctc 20 600
03-SA-09-2 S
14.6 i 9
04-SA-04-2
36,431
03-AL-03-3
36.237
04-AI.-03-3
4,254
111.582
101ALU. S_ DEPARTMENT OF TRANSPORTATION
$ 1,253,072
FEDERAL AVIATION ADMINISTRATION.
Airport Improvcnrent Program (1) 20.106
N/A
$ 435,864
Passed through the Missouri Department
of Transportation-
Airport Improacmenl Program 20.106
N/A
122,667
TOTAL FEDERAL AVIATION ADMINISTRATION
$ 558,531
The Accompam ing Notes to Schedule of Expenditures of Federal Asp Ards
Are an Integral Part of This Report.
102
CITY OF CAPF.OIRARDMIJ, MISSOURI
SCHEDULE OF FXPENDIlURLS OF FLDFRAi AWARDS
For the Year luded Runt 30, 2004
Fedcml
CFDA Frogrmn
Federal (iranlorfl 4a, Throueh OrunturP om Titic Number Number
P.NVIRONMI:N'I'AL 1'RO l IkC l ION A(; NCY:
Bantus-SWdfcs-lincvigalions and Special
Purpose Uouu, (1)
U. S- DEPAR'FMP.NT Olr I IOMI A.AND
SPCU121'I'Y_
Passed 'I hrouglr Mlssoun State Fmcigen, -
(. munuulh I lliuljlcncr PCspoloc 1 1111,
Laval P:mcrgcnec Opcmtiouv Plan UI(dalc
Ilazmd Mitigation (;rand Program
TOTAL (i.S. DITARI%I] N'1 OI 1IOMFT.AND
SI,C'URI'IY
TO'1A1. PFDERAL AWARDS
(1) identified major program.
66.606 X1°)87281-01
`11054
1W-200:-Uk2i11 T
!MK 20M (;k-3010
83562
FMK -2003-6R-2540
o7031)
1403 -DR -1,40
the Acwmpau}ud Nodcs to Schedule of F:xpcndilures of Federal Aevrds
Are an hAegml Pan cC TI, Report.
10
Disburscnmut,
S 621 512
1330
1,107 S 8.637
5p(ID
23586
$ _ 17,223
X 2694,}47=
CITY OF CAPE GIRARDAU MISSOURI
NOTES 1'0 SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Year Ended June 30, 2004
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
A. Purpose of Schedule and Reportini Entity
The accompanying Schedule of Expenditures of Federal Awards has been prepared to
comply with OMB 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 by the City_
II Basis of Presentation.
the schedule is presented in accordance with OMB Circular A-133, which defines
federal financial assistance "...assistance that non-federal entities receive or administer in
the form of'grants, loans, loan guarantees, property (including donated surplus property),
cooperative agreements, interest subsidies, insurance, food commodities, direct
appropriations, and other assistance, but does not include amounts received as
reimburscmcnt for services rendered to individuals."
C Basis of Accountine-
The schedule is presented on the modified accrual basis of accounting, which recognizes
expenditures when liabilities for goods and services are incurred. This is the same basis
of accounting presented in the financial statements.
104
CITY OF CAPE GIRARDEAU,_MISSOURI
SCHEDULE OF FINDINGS AND -QUESTIONED COSTS
For the Year Ended June 30. 2004
105
I. SUMMARY OF AUDITORS' RESULTS.
Financial Statements
Type of Auditors' report issued Unqualified
y
Internal control over financial reporting.
Material weaknesses identified' yes
X no
• Reportable conditions identified that are not
considered to be material weaknesses? yes
_ X _ none reported
Noncompliance material to financial statements
,.
note0 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-1339 — _. -,yes
X_ no
Identification of major programs.
CFDA Number Name of Federal Program
20.205 Highway Planning and Construction
20.100 Airport Improvement Program
66.606 Surveys -Studies -Investigations and
Special Purpose Grants
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Dollar threshold used to distinguish
between type A and type B programs_ $300,000
Auditee qualified as low-risk surface: X yes no
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2. FINANCIAL STATEMENT FINDINGS.
No findings or questioned costs were noted that are required to be reported.
3. FEDERAL AWARD FINDINGS AND QUESTIONED COSTS:
No findings or questioned costs were noted that are required to be reported.
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CITY OF CAPE GIRARDEAU MISSOURI
SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS
For the Year Ended June 30, 2004
There were no findings for the year ended June 30, 2003.
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