Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
1989-1990.AuditReport
FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT CITY OF CAPE GIRARDEAU, MISSOURI June 30, 1990 CONTENTS y Page FINANCIAL SECTION 6 INDEPENDENT AUDITORS' REPORT r GENERAL PURPOSE FINANCIAL STATEMENTS COMBINED BALANCE SHEET - ALL FUND TYPES AND LONG-TERM DEBT ACCOUNT GROUP 8 COMBINED STATEMENT OF REVENUES AND EXPENDITURES .. AND FUND BALANCES - ALL GOVERNMENTAL FUND TYPES 10 COMBINED STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL - GENERAL _ AND SPECIAL REVENUE FUND TYPES 11 COMBINED STATEMENT OF REVENUES AND EXPENDITURES - •- BUDGET (GAAP BASIS) AND ACTUAL - DEBT SERVICE AND CAPITAL PROJECTS FUND TYPES 12 COMBINED STATEMENT OF REVENUES AND EXPENSES AND RETAINED EARNINGS - ALL PROPRIETARY FUND TYPES 13 COMBINED STATEMENT OF CASH FLOWS - ALL PROPRIETARY FUND TYPES 14 NOTES TO FINANCIAL STATEMENTS 15 r COMBINING AND INDIVIDUAL FUND STATEMENTS GENERAL FUND STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 38 SPECIAL REVENUE FUNDS .. COMBINING BALANCE SHEET 39 COMBINING STATEMENT OF REVENUES AND EXPENDITURES AND FUND BALANCE 40 CONVENTION/TOURISM SPECIAL REVENUE FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) - AND ACTUAL 42 CONTENTS - CONTINUED Page SPECIAL REVENUE FUNDS - Continued DOWNTOWN BUSINESS DISTRICT SPECIAL REVENUE FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 43 PARKS AND RECREATION SPECIAL REVENUE FUND - ,� STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 44 HEALTH SPECIAL REVENUE FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 45 MOTOR FUEL TAX SPECIAL REVENUE FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 46 CAPITAL IMPROVEMENTS SALES TAX SPECIAL REVENUE FUND - + STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 47 - LIBRARY SPECIAL REVENUE FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 48 FLOOD PROTECTION SPECIAL REVENUE FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 49 VISION 2000 SPECIAL REVENUE FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) + AND ACTUAL 50 RT. K LIGHTING SPECIAL REVENUE FUND - STATEMENT OF + REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 51 DEBT SERVICE FUND DEBT SERVICE FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 52 CAPITAL PROJECTS FUNDS COMBINING BALANCE SHEET 53 COMBINING STATEMENT OF REVENUES AND EXPENDITURES AND FUND BALANCE 54 CONTENTS - CONTINUED Page CAPITAL PROJECTS FUNDS - Continued GENERAL CAPITAL IMPROVEMENT FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 55 _ CORP FLOOD CONTROL CAPITAL PROJECT FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 56 STREET IMPROVEMENTS FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 57 FAU STREET GRANTS FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 58 COMMUNITY DEVELOPMENT BLOCK GRANT FUND - STATEMENT OF r REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 59 PARK IMPROVEMENTS FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 60 y ENTERPRISE FUNDS COMBINING BALANCE SHEET 61 COMBINING STATEMENT OF REVENUES, EXPENSES AND RETAINED EARNINGS 63 INTERNAL SERVICE FUNDS COMBINING BALANCE SHEET 64 r COMBINING STATEMENT OF REVENUES, EXPENSES AND RETAINED EARNINGS 65 TRUST AND AGENCY FUNDS COMBINING BALANCE SHEET 66 SINGLE AUDIT SECTION 67 INDEPENDENT AUDITORS' REPORT ON SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE 68 SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE 69 CONTENTS - CONTINUED Page .. SINGLE AUDIT SECTION - CONTINUED INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH LAWS AND REGULATIONS BASED ON AN AUDIT OF FINANCIAL ' STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS ISSUED BY THE GAO 71 - INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH THE GENERAL REQUIREMENTS APPLICABLE TO MAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS 73 INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH THE SPECIFIC REQUIREMENTS APPLICABLE TO MAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS 74 INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE TO NONMAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS 75 INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL STRUCTURE RELATED MATTERS NOTED IN A FINANCIAL ' STATEMENT AUDIT CONDUCTED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS 76 INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROLS (ACCOUNTING AND ADMINISTRATIVE) - BASED ON A STUDY AND EVALUATION MADE AS A PART OF AN AUDIT OF THE GENERAL PURPOSE FINANCIAL STATEMENTS AND THE ADDITIONAL TESTS REQUIRED BY THE SINGLE AUDIT ACT 78 SUPPLEMENTAL INFORMATION STATEMENT OF INSURANCE COVERAGE 83 0 fWFICES IN CAPE 61RMDEMI. MIS51}lIN F.1UJ6. MISSOUN SPWNGPICID. I N MILWA411N£ WISCONM:NN W&"ING . DC. KERBER,ECK & BRAECKEL CEBn,EU PUBLIC ACCOUWAMS 1221 miOADWAY CAPE C.mABOEAU, MISSUUW 6 701 Independent Auditors' Report Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri MEMBERS AMEMGW INSTRIItY OF CP.HnFIF.P pVBIK ACCOUNTANTS 34.0344%1 We have audited the accompanying general purpose financial statements and the combining and individual funds and account group financial statements of the City of Cape Girardeau, Missouri as of June 30, 1990, and for the year then ended. These financial statements are the responsibility of the City of Cape Girardeau, Missouri's management. our responsibility is to express an opinion on these financial statements based on our audit. we conducted our audit in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and the provisions of Office of Management + and Budget Circular A-128, "Audits of State and Local Governments". 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. The general purpose financial statements referred to above do not include the General Fixed Asset Account Group, which should be included to conform with generally accepted accounting principles. The amount that should be recorded in the General Fixed Asset Account Group is not known. In our opinion, except for the effects on the financial statements of the omission described in the preceding paragraph, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of the City of Cape Girardeau, Missouri as of June 30, 1990, and the results of its operations and cash flows of its proprietary fund types for the year then ended in conformity with generally accepted accounting principles. Also, in our opinion, the combining and individual fund and account group financial statements referred to above present fairly, in all material respects, the financial position of each of the individual funds and account groups of the City of Cape Girardeau, Missouri as of June 30, 1990, and the results of operations of such funds and cash flows of individual proprietary funds for the year then ended in conformity with generally accepted accounting principles. Our audit was made for the purpose of forming an opinion on the general purpose financial statements taken as a whole and on the combining, individual fund, and account group financial statements. The accompanying financial information listed as supporting schedules in the table of contents is presented for purposes of additional analysis and is not a required part of the financial statements of the City of Cape Girardeau, Missouri. Such information has been subjected to the auditing procedures applied in the audit of the general purpose, combining, individual fund, and individual account group financial statements and, in our opinion, is a fairly stated in all material respects in relation to the financial statements of each of the respective individual funds and account groups, taken as a whole. Cape Girardeau, Missouri September 7, 1990 EMS Cub and I .... tmoota feet, B) fecebeblee, at of ellom"cee for doubtful rocebables feel estate, personal property, ud morchuts tun (rote Cf Sales tax Frucbise taxes Betel, motel, and reatauut tax Rotor fuel tax Rotor vehicle lice. fee. kw, vebicle "lee to utility ,huhu. ree,iyble Gents r,celmble Special aasoauut. mumble latere.t rcceLahle set.. melnble Dee I. other Suds (mote J) lufames rec fru other funds (rote J) Dike melnblee Inntortes Restricted mute Prepaid eapaaaes Fired usete, ut of acemlated depmiatiu lute Of Waal .liable k Debt Service laid Amont to be provided for ntirmat of sweat Roy -ten debt dreamt to be prarlded for future FaMA of curpeuated aburc,. Total mule City of Cape Girardeau, Bissouri CD@I#KD BAWCI SHUT ALL FM TTPIS AID 1-01&71111 DIET ACCODIT GM Jai, 30, 1990 515,661 - 1,990,976 1,156,310 3,066,058 3,126,019 168,373 235,101 0 13,860,631 1/,795,740 51,315 32,276 17,ID/ Fiduciary 0 Goveroreotal Fuad Types Proprietary Fund ?Me Food TM Accourt Group ------------------------------------------------------ 93,338 --------------------------- ------------ _--_-- _ -__ Total. Special Debt Capital IaOeual Truest aid Be .... I 06.morudu Duly) Go .... I Rene. Saralee Project. Ioterprl.e Serdee Agee, I..g-Ten Debt 6-30-90 6-30-H 515,661 - 1,990,976 1,156,310 3,066,058 3,126,019 168,373 235,101 0 13,860,631 1/,795,740 51,315 32,276 17,ID/ 0 0 0 0 0 100,195 97,303 376,938 93,338 0 0 0 0 0 0 /70,276 386,167 1,031,808 0 0 0 0 0 0 0 1,031,806 1,013,363 0 50,792 0 0 0 0 0 0 50,792 19,318 0 50,018 0 0 0 0 0 0 50,018 18,116 0 12,292 0 0 0 0 0 0 12,292 11,366 0 12,311 0 0 0 0 0 0 12,311 13,661 0 0 0 0 300,065 0 0 0 300,065 315,018 15,715 9,883 0 91,617 35,105 0 0 0 125,320 17/,949 13,580 0 52,957 186,019 25,611 0 0 0 579,167 157,011 1,131 3,995 7,757 13,632 57,/42 1,866 0 0 116,113 17,%9 0 0 0 203,260 0 0 0 0 203,250 221,910 665,015 0 0 0 0 0 0 0 665,015 66,972 898,113 0 0 0 0 0 0 0 896,713 571,131 281 6 0 26,262 22,021 7,701 0 0 56,277 27,157 0 0 0 0 2,007 12,040 0 0 11,057 16,441 0 0 0 0 207,632 0 0 0 207,632 2061866 /3,103 9,937 0 0 115,598 129,955 0 0 301,593 310,670 0 0 0 0 18,239,338 810,175 0 0 19,0/9,513 17,391,510 0 0 0 0 0 0 0 1,155,671 1355,171 1,296,122 0 0 0 0 0 0 0 8,151,368 6,151,366 6, 9/2, IT7 0 ----------- 0 ---_-_ - 0 - -- 0 -------"'- 0 ----------- 0 _- ------ 0 ----------- 366,973 ----- - ---- 366,973 ----------- 318,700 --------- 3,616,56 2,265,822 1,531,150 3,091,818 22,133,811 1,/30,1/3 235,101 11,277,010 19,381,786 17,816,366 THE 10785 TO TBI FIIAICIAL STATIPMS AIX 0 IFMRIL PAST OF THIS STATME. LIIBILITIBS IID FON 6011ITT Icc.oet. parable Iccned llebllltiee Payroll, payroll tette .d beoeflt. Ivterest payable Otter liabllitie. he to other (orera.ats D. to other fend. (mate J) Idravicee payable to other feuds Paco. d..I. .t sate pa,.ble Rename bode .,able (vote 1) Iran porcban obligati. peyeble (mote 1( U. pmrchame be." payable (vote N( General obligation bond. payable (mote 1) Weeding Bade Parable (vote 1) Deferred menace Total llabllitiee Food e.ity Contrlbvted eapltal Retained carol.. Reserved Oarese v,d Food Balavee Reserved Uonnned Total feed .gait, Total liabilities end food equity City of Not Girardeau, Biee.rl COBBINN BILINCI SBIIT ILL FOND IPPIS IND I,ONG-T888 PUT ICMT GROUP Jute 3D, 1990 G.,e .ot.l Food Type. 2,048 Pmprietaq Poma Type. Special Debt C.Pitel 0 Lter.l Go .... I leve.. Service project. leterprin Sevice 102,797 97,744 2,048 104,937 127,093 203,359 108,472 31,448 0 0 94,363 35,535 0 0 0 0 167,892 0 96,706 0 0 0 34,033 0 471) 0 0 86,500 0 0 0 0 0 562,643 81,294 15,078 0 59,713 0 0 839,000 0 0 0 0 0 0 0 0 0 0 0 1,90,000 0 0 0 0 0 381,543 0 0 0 0 0 5,422,307 0 0 0 0 a 0 0 0 0 0 0 0 0 165,515 85,998 76,49 513,756 576 0 473,499 274,903 78,481 1,267,936 0,444,103 253,972 2,577,352 0 Fid.ian Food Type Iaommt 6romp Total. Fred mad &veraI (Nesarad. NIT) Ige., Lomg-Ten Debt 6-30-90 6-30-39 0 0 637,978 707,007 235,404 366,973 672,195 723,654 0 0 161,892 129,476 0 0 130,819 61.333 0 0 66,49 96,732 0 0 665,015 68,972 0 0 896,713 571,131 a 0 0 42,580 0 0 1,90,000 1,320,ON 0 149,091 59,fi34 770,694 0 2,190,946 8,213,253 8,611,834 0 4,390,000 4,390,000 4,530,000 0 3,580,000 3,560,000 3,580,000 0 0 642,288 69,444 235,404 11,277.010 22,305.214 21.840,059 2,571,352 1,357.989 - - - - 11,667 0 - - 11,667 10,000 - - - - 11,100,719 1,176,171 - - 12,276,890 12,641,667 1,150,126 42,95 4,455,671 1,947,702 - - - - 7,595,894 7,332,124 1,992,935 --------- 1,948,524 -- -- -- 0 ____ _ 676,310 ---------- - _-------- - ----------- - - 4,617,769 ----------- ---------------- ----- 4,632,59 ---------- 3,143,061 1,990,919 4,455,671 2,624,012 13,689,738 1,176,171 0 0 21,079,572 25,974,339 3,616,560 2,265,822 4,534,158 3,691,848 22,133,841 1,49,143 2C_, .:4 11,277,010 49,384,786 47,814,366 788 NOTFS TO SRR FIRICIIL STITI80TS IRI IN TMGM PUT OF TRIS 571771®7. F _ ALL GOVERNMENT FUND TYPES 30, FOR THE FISCAL YEAR ENDED JUNE 30. 1990 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. GENERAL REVENUES ____________ Taxes 7, 569,R45 Licenses and permits 529,266 Intergovernmental 172,901 Charges for services 241,547 Fines and forfeitures 393,207 Miscellaneous 100,264 Interest 229,277 TOTAL REVENUES 9,236 407 EXPENDITURES O Current 529,266 General government 1,019,320 Transportation 1,252,837 Public safety 4,680,319 Sanitation 145 Health 0 Cemetery 80.708 Culture and recreation O Community development 723,451 Interdepartmental 19,890 Capital outlay O Debt service 558,941 Principal 91.829 Interest and fiscal charges 13.203 TOTAL EXPENDITURES 7,881,702 EXCESS (DEFICIENCY) OF REVENUES 0 OVER (UNDER) EXPENDITURES 1.354,705 ------------ OTHER FINANCING SOURCES (USES) 0 Transfers in 0 Transfer out <1,524,660> Proceeds from fixed assets 20,590 Special assessments 0 ------------ TOTAL OTHER FINANCING SOURCES 7q,673 (USES) <1.504,069> ------------ EXCESS OF REVENUES AND OTHER FINANCING 80,708 SOURCES OVER EXPENDITURES 0 AND OTHER FINANCING USES <149,364> FUND BALANCE AT BEGINNING OF YEAR 0 0 3,2R2,426 ------------ FUND BALANCE AT END OF YEAR 3.143,062 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. TOTALS GOVERNMENTAL FUND TYPES (MEMORANDUM ONLY) SPECIAL DEBT CAPITAL REVENUE ___________ SERVICE ____________ PROJECTS ------------ 1989-90 ------------ ___________1,497,6S9 1,497,6S9 241,050 0 F,308,884 O O 0 529,266 886,613 81502 372,260 1,441,2a5 161,521 0 0 403,068 7,803 0 0 401.010 66,147 O 51,000 217,412 146,162 309.362 239,949 924,770 2,765,936 558,941 664,212 ------------ 13, 225, 495 257,928 0 0 1,277,248 197,867 0 0 1,450,705 40 0 O 4,680,359 145 79, 673 0 0 7q,673 0 0 0 80,708 1,467,147 0 0 1,467,147 68,763 0 0 792,214 O 0 0 19,890 O O 1. 894, 731 1,994,731 0 194,554 0 266.383 648 853,328 28,629 895,807 ___________ 2,072,065 ___________ ___________ 1,047,882 ____________ ____________ 1,923,359 ____________ ------------ ___________2,072,065 12. 925. 008 ------------ ___________693.870 693,870 ___________ <488, 941-- ____________ �1, 259, 147> ____________ 300,487 ------------ ___________930,932 930,932 617,285 1,397,448 2,945,665 <1,563.352> O <132, 653> <3,220.665> O 0 34,500 55,090 O 30,505 137,928 16e,433 <632, 420> ___________ 647,790 ____________ 1,437,222 ------------ C51.477> ____________ 61.450 158,849 178,075 249,010 1,929,46a 4,2`76,822 2,445,936 11. 964, 652 1,990,918 4,455,671 2,624,011 12,213,662 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. City of Cape Girardeau, Mi..ouri COMBINED ST'ATTRMENT OF REVENUES AND EXPENDITURES BUDGET (GAAP BASIS) AND ACTUAL - ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED NNE 30, 1990 GENERAL FUND SPECIAL REVENUE FUNDS -------------------------------- ---__VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABL REVENUES Taxe. License. and permit. Intergover'uoental Charge. for service. Fine. and forfeiture. Mi..cellan..o. Internet TOTAL REVENUES EXPENDITURES Current General government Transportation Public safety Sanitation Health Cemetery Culture and recreation Community develol .t Interdepartmental Debt service Principal Interest and fiscal chargee TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES OTHER FINANCING SOURCES (USES) Transfers in Tran.fer out Proceeds from fixed ....te TOTAL OTHER FINANCING SOURCES (USES) EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) 7,630,734 7,569,945 (60,789) 1,508,965 1,497,689 (11,2' 552,400 529,266 (23.134) 0 0 134,920 172,901 37,981 918,946 886,613 (32,3: 230,450 241,547 11,097 159,170 161,521 2,3! 385,000 393,207 8,207 8,150 7,803 (3 76,512 100,264 23,752 48,492 66,147 17,6! 259,424 229,277 (30,147) 157,775 146,162 ----------- (11,6 _______ __ ________ 9,269,440 9,269,440 ______ _ _ ________ _ _ _________ 9,236,407 _ _ _________ _ _ __ (33,033) _ _ _ _ _ ______ --------------- 2,801,498 _ _ _____ _ _________ _-______- 2,765,936 ________ __ ----------- (35,5. _1,071,802 1,071,802 1,019,320 52,482 279,300 257,928 21,3' 1,264,051 1,252,837 11,214 227,104 197,867 29,2: 4,762,339 4,680,319 82.020 40 40 145 145 0 0 0 O 0 0 81,341 79,673 1,61 76,857 80,708 (3.851) 0 0 0 0 0 1,461,477 1,467,147 (5.6' 774,053 723,451 50.602 75,015 68,763 6,2! 14,142 19,890 (5:.748) 0 0 91,829 91,829 0 0 0 13,203 13,203 0 650 _ 648 ____ _ ___ ________ 8,068,421 _____ ____ _____________ _ _ _____ 7,881,702 ____________ ___ ___ ____ 186,719 _ _ _ _ ____________ 2,124,927 __ _ _ __ _ __ ___ ----------- 2,072,065 ___ _ _ _ ------------ _________.1,201,019 _____8,068,421 52,81 1,201,019 _ _______ _ 1,354,705 __ _ _ _ __ _____________ 153,686 _ 676,571 _ __ ____ _ ____ 693,870 ________ ___________ 17,2! 400,000 0 (400.000) 930,932 930,932 (1,540,650) (1,524,660) 15,990 (1,963,353) (1,563,352) 400,0( 20,342 20.590 248 0 0 ________ _ -------------------- (1,120,308) _ _______ _______ (1,504.069) _ ____ _________ (383,761) ___ _______ (1,032,421) _ __ __ (632,420) ______ __ 400,0( 80,711 (149,364) (230.075) (355,850) 61,450 417,3( TIME NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. EXPENDITURES Current Capital outlay Debt service Principal Interest and fiscal charges TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES OTHER FINANCING SOURCES (USES) Transfers in Transfer out Proceed. from fixed assets Special .....cements TOTAL OTHER FINANCING SOURCES (USES) EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 0 City of Cape Girardeau, Ni.... vi 0 2,365,914 1,894,731 471,: COMBINED STATEMENT OF REVENUES AND EXPENDITURES 194,554 0 0 0 BUDGET (GAAP BASIS) AND ACTUAL - ALL GOVERNMENTAL FUND TYPES 853,328 _ ___ (134) 30,900 ____ FOR THE FISCAL YEAR ENDED JUNE 30, 1990 2,: _____ 1,047,748 _ -------- 1,047,882 ----________ (134) DEBT SERVICE FUNDS CAPITAL PROJECTS FUNDS (489,184) ____ ______ _ _____ _ ______ _ _ _________ VARIANCE __- -- - __- _-_- ---------------------------------------- _______-______-_VARIANCE VARIANCE 412,: FAVORABLE 617,285 (',.,440) FAVORABL 1,397,448 BUDGET ACTUAL (UNFAVORABLE) BUDGET ACTUAL (UNFAVORAB. REVENUES (132,653) 1,, 0 0 Taxea 240,512 241,050 538 0 0 28,980 Intergovernmental 8,707 8,508 (199) 491,525 373,263 (118,: Mi... llaneoua 0 0 0 0 51,000 51,4 Interest 309,345 309,382 37 233,843 239,949 6, TOTAL REVENUES 558,564 558,941 377 725,368 664,212 (61,' EXPENDITURES Current Capital outlay Debt service Principal Interest and fiscal charges TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES OTHER FINANCING SOURCES (USES) Transfers in Transfer out Proceed. from fixed assets Special .....cements TOTAL OTHER FINANCING SOURCES (USES) EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 0 0 0 2,365,914 1,894,731 471,: 194,554 194,554 0 0 0 853,194 ________ 853,328 _ ___ (134) 30,900 ____ 28,629 _ _______ __________ 2,: _____ 1,047,748 _ -------- 1,047,882 ----________ (134) ___ 2,396,814 1,923,359 473,, (489,184) (488,941) 243 (1,671,446) (1,259,147) 412,: 618,725 617,285 (',.,440) 1,518,420 1,397,448 (120,! 0 0 0 (134,075) (132,653) 1,, 0 0 0 34,500 34,500 28,980 30,505 1,525 119,367 137,928 18,! 647,705 647,790 85 1,538,212 1,437,223 (100,: 158,521 158,849 328 (133,234) 178,075 3111.' THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. City of Ca Girardeau Missouri COMBINED STATIdi@Tf OF S AND RETAINED EARNINGS M(P NHS ALL D TYPES 3,758,515 FOR THE FISCAL YEAR ENDED JUNE 30, 1990 OPERATING EXPENSES ALS PROPRIETARY FUND TYPES (tEMRAAN M ONLY) 1,391,690 INTERNAL 1,707,452 ENTERPRISE SERVICE 1989-1990 REVENUES 171,332 0242 171,332 onus 0 242 ial charges 1,729,705 0 1,729,705 al charges 1,028,449 0 1,028,449 station charges 101,249 O 101,249 t sales 8,008 0 8, 008 on revenues 366,078 718 ree fees 212,802 0 212,802 40'0 85,272 968,051 arm ntacl services 1,505,213 1,505;213 evens 86,642 0 86,642 e 2,400 0 2,400 scellanews 5.078 744 5,822 THE NOTES TO THE FINANCIAL STATEHENTS ARE AN INTEGRAL PART OF THIS STAT@1BNT_ i3 3,758,515 1,538,325 5,296,840 OPERATING EXPENSES Personnel services 1,391,690 315,762 1,707,452 Materials and supplies 126,790 319,914 446,704 Contractual services 792,225 793,500 1,585,725 General operating expeneea 121,712 4,032 125,744 Special Projects expenne 102,619 0 102,619 Internal service expensea 366,078 1,166 367,244 Depreciation expenee 882,779 85,272 968,051 3,783,893 1,519,645 5,303,539 r OPERATING INCOME (IOSS) (25,378) 18,680 (6,698) NON-OPERATING EXPENSES Issuance 3 �th�lling costa 617,598 617,602 --636,864 3 636,867 J ( ER INCA= (LOSS FORK B FINANCING (662,242) 18,677 (693,565) MM FINANCING SOURCES (USES) in 275,000 5'514 Salesfoffixed assets 514 C =_tion for damagen 0 4,941 4,941 -_-280,455 _ 275,000 5,455 NET INCOMH (LOSS) (387,242) 24,132 (363,111) RETAINED EARNINGS AT BEGINNING OF YEAR 11,499,628 1,152,040 12,651,668 RETAINED EARNINGS AT END OF YEAR 11,112,386 1,176,171 12,288,557 THE NOTES TO THE FINANCIAL STATEHENTS ARE AN INTEGRAL PART OF THIS STAT@1BNT_ i3 Cash and cash equivalents at beginning of year 4,742,839 Cash and cash equivalents at end of year $ 3,802,024 Cash paid during the year for interest $ 617,598 Non-cash capital financing activities Contributions of fixed assets $ 1,219,363 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 14 City of Cape Girardeau, Missouri COMBINED STATEMENT OF CASH FLOWS - ALL PROPRIETARY FOND TYPES For the year ended June 30, 1990 Increase(Decrease) in Cash and Cash Equivalents Cash flows from operating activities: Operating income(loss) $ (363,111) Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation 968,052 Change in assets and liabilities: Increase(decrease) in accounts receivable (1,689) Increase in inventory 2,387 Increase in prepaid expenses 2,231 Increase in accounts payable 352,433 ' Increase in accrued liabilities 24,823 Net cash provided by operating activities 985,126 Cash flows from noncapital financing activities: Operating transfers out to other funds 0 Net cash provided by noncapital financing activities 0 r Cash flows from capital and related financing activities: Principal paid on revenue bonds (30,000) Interest paid on revenue bonds 0 Principal paid on lease purchase bonds (176,179) Principal paid on lease purchase obligations (316,079) Proceeds from sale of city property 0 ' Purchase of fixed assets (1,403,683) Net cash provided by capital and related ' financing activities (1,925,941) Cash flows from investing activities: Interest on investments 0 s Net cash provided by investing activities 0 Net increase in cash and cash equivalents (940,815) Cash and cash equivalents at beginning of year 4,742,839 Cash and cash equivalents at end of year $ 3,802,024 Cash paid during the year for interest $ 617,598 Non-cash capital financing activities Contributions of fixed assets $ 1,219,363 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 14 City of Cape Girardeau, Missouri ' NOTES TO FINANCIAL STATEMENTS June 30, 1990 NOTE A - SUMMARY OF ACCOUNTING POLICIES The City of Cape Girardeau, Missouri operates under a charter which went ' into effect April 12, 1952. 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, sanitation, health and social services, culture -recreation, public improvement, planning and zoning and general administrative services. A summary of the significant accounting policies consistently applied in the preparation of the accompanying financial statements follows. I. Reporting Entitv The City, for financial purposes, includes all of the funds and account groups relevant to the operations of the City of Cape Girardeau. The financial statements presented herein do riot include agencies which have been formed under applicable state laws or separate and distinct units of government apart from the City of Cape Girardeau. The National Council on Governmental Accounting (NCGA), in order to clarify which organizations, functions and activities of government should be included in general purpose financial statements, issued NCGA-3, "Defining the Governmental Reporting Entity". The NCGA's intention was to provide a basis for making comparisons among units of government, to reduce the possibility of arbitrary exclusion or inclusion of organizations in financial reports, and to enable financial statement users to identify the operations for which governmental entities are ' responsible. The NCGA concluded that the basic criteria for including other organizations in a governmental unit's reporting entity is the exercise of oversight responsibility over such agencies by the governmental unit. The City has developed criteria to determine whether outside agencies should be included within its financial reporting entity. The criteria include, but are not limited to, whether the City exercises oversight responsibility on the following: Financial interdependency Selection of governing authority Designation of management Ability to significantly influence operations Accountability for fiscal matters Scope of public service Special financing relationships 15 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30. 1990 NOTE A - SUMMARY OF ACCOUNTING POLICIES - Continued Based on the foregoing criteria, the financial statements of the following entities are included in the accompanying financial statements. Cape Girardeau Public Library - The City Council appoints the Library Board and approves the budget. The operations of the Library are reported in the Library Fund, a special revenue fund. Downtown Business District - The City Council appoints the Downtown District Board, and approves the budget. The operations of the District are reported in the Downtown Business District Fund, a special revenue fund. Cape Girardeau (Missouri) Public Facilities Authority Activity - As described in Note E, the City of Cape Girardeau, Missouri, has entered into two lease agreements with the Cape Girardeau (Missouri) Public Facilities Authority (CGPFA). The CGPFA is a not-for-profit corporation organized and existing under Chapter 355 of the Revised Statutes of Missouri. The CGPFA board of directors consist of city officials and city council members. Due to the significant city influence, the activities of the CGPFA are included in the financial presentation of the city. The corporation was used to execute the bond indentures for the purpose of issuing and securing the Series 1988 Bonds, Series 1989 Bonds and limited additional bonds. These bonds were used to finance construction and improvements to sewer, solid waste, street and other capital improvement projects. The bond payments are obligations of the CGPFA. The CGPFA has entered into a Lease Purchase Agreement with the City from which the lease payments will be used solely to retire the debt. The following entities are not part of the City's reporting entity because the City exercises no oversight responsibility and has no accountability for fiscal matters. The significant factors for exclusion y are: the appointed board members have no continuing relationship with the City; the board designates management; the City cannot significantly influence the operations; the board has sole budgetary authority; the entities control surpluses and deficits; the City is not legally or morally obligated for the entities debt; and the entities are responsible for fiscal management. In this situation, the preceding factors are conclusive in contrast with the following factors indicating inclusion: the entities operate within the boundaries of the City and the City appoints members to the board. Based on the criteria above, the following entities are excluded from the financial statements of the City, the Downtown Redevelopment Corporation and the Show Me Center Board of Managers. 16 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE A - SUMMARY OF ACCOUNTING POLICIES - Continued 2. Fund Accounting The accounts of the City are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. The ` operations of each fund are accounted for with a separate set of self -balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses as appropriate. Government resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. The various funds are grouped, in the financial statements in this report, into fund categories as follows. GOVERNMENTAL FUNDS General Fund - The General Fund is the general operating fund of the City. It is used to account for all financial resources except those required to be accounted for in another fund. Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of specific revenue sources (other that expendable trust ` or major capital projects) that are legally restricted to expenditures for specified purposes. Debt Service Funds - Debt Service Funds are used to account for the accumulation of resources for, and the payment of, general long-term debt principal, interest and related costs. Capital Project Funds - Capital Project Funds are used to account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by Proprietary Funds and Trust Funds). PROPRIETARY FUNDS Enterprise Funds - Enterprise Funds are used to account for operations (a) that are financed and operated in a manner similar to private business enterprises - where the intent of the governing body is that the costs (expenses) of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges; or (b) where the governing body has decided that periodic determination of revenues collected, expenses paid, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes. 17 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE A - SUMMARY OF ACCOUNTING POLICIES - Continued PROPRIETARY FUNDS - Continued Internal Service Funds - Internal Service Funds are used to account for the financing of goods or services provided by one department to other departments of the City, on a cost -reimbursement basis. FIDUCIARY FUNDS Trust and Agency Funds - Trust and Agency Funds are used to account for assets held by the City in a trustee capacity or as an agent for individuals, private organizations, other governments, and/or other funds. Agency Funds are custodial in nature and do not involve measurement of results of operations. 3. Fixed Assets and Long-term, Liabilities, The accounting and reporting treatment applied to the fixed assets and long-term liabilities associated with a fund are determined by its measurement focus. All governmental funds are accounted for on a spending or -financialflow`- measurement focus. This means that only current assets and current liabilities: are generally included on their balance sheets. Their reported fund balance (net current assets) is ., considered a measure of "available spendable resources". Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of "available spendable resources" during a period. The City of Cape Girardeau presently maintains detailed property records only for proprietary fund types. Detailed property records are not maintained for all other funds of the City of Cape Girardeau. Expenditures for general fixed assets are charged to expenditures when made. All fixed assets are valued at historical cost or estimated historical. cost if actualhistorical cost is not available. Donated fixed assets are valued at their fair value on the date donated. Long-term liabilities expected to be financed from governmental funds are accounted for in the General Long-term Debt Account Group, not in the governmental funds. The two account groups are not "funds". They are concerned only with the measurement of financial position. They are not involved with measurement of results of operations. m City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE A - SUMMARY OF ACCOUNTING POLICIES - Continued 3. Fixed Assets and Long-term_ Liabilities - Continued Noncurrent portions of long-term receivables due to governmental funds are reported on their balance sheets, in spite of their spending measurement focus. Special reporting treatments are used to indicate, however, that they should not be considered "available spendable resources", since they do not represent net current assets. Recognition of governmental fund type revenues represented by noncurrent receivables is deferred until they become current receivables. Noncurrent portions of long-term loans receivables are offset by fund balance reserve accounts. Because of their spending measurement focus, expenditure recognition for governmental fund types is limited to exclude amounts represented by concurrent liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities. They are instead reported as liabilities in the General Long-term Debt Account Group. All Proprietary Funds are accounted for on a cost of services or "capital maintenance" measurement focus. This means that all assets and all liabilities (whether current or noncurrent) associated with their activity are included on their balance sheets. Their reported fund equity (net total assets) is segregated into contributed capital and retained earnings components. Proprietary Fund type operating statements present increases (revenues) and decreases (expenses) in net total assets. Depreciation of all exhaustible fixed assets used by Proprietary Funds is charged as an expense against their operations. Accumulated depreciation is reported on Proprietary Fund balance sheets. Depreciation has been provided over the estimated useful lives using the straight-line method. The estimated useful lives are as follows. Buildings 25-50 years Improvements 10-40 years Equipment 3-10 years Basis of Accounting Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus applied. All governmental funds are accounted for by using the modified accrual basis of accounting. Their revenues are recognized when they become measurable and available as net current assets. Taxpayer -assessed income, gross receipts and sales taxes are considered "measurable" when in the hands of intermediary collecting governments and are recognized as 19 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE A - SUMMARY OF ACCOUNTING POLICIES - Continued 4. Basis of Accounting - Continued revenue at that time. Anticipated refunds of such taxes are recorded as liabilities and reductions of revenue when they are measurable and their validity seems certain. Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred. Exceptions to this general rule include principal and interest on general long-term debt which is recognized when due. All Proprietary Funds are accounted for by using the accrual basis of accounting. Their revenues are recognized when they are earned and their expenses are recognized when they are incurred. Unbilled Solid Waste and Sewerage System utility service receivables are recorded at year end. 5. Budgets and Budgetary Accounting The City follows these procedures in establishing the budgetary data reflected in the financial statements. 1. The City Manager submits to the City Council a proposed operating budget for the fiscal year commencing the following July 1. The operating budget includes proposed expenditures and the means of financing them. 2. Public hearings are conducted to obtain taxpayer comments. 3. Prior to July 1, the budget is legally enacted through passage of an ordinance. 4. The City Manager is authorized to transfer budgeted amounts between programs within any department, however, any revisions that alter the total expenditures of any department must be approved by the City Council. 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 basis consistent with generally accepted accounting principles (GAAP). Individual budget amendments made throughout the year were not material in relation to the total original appropriations which were amended. 20 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30. 1990 y NOTE A - SUMMARY OF ACCOUNTING POLICIES - Continued 6. 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. Amounts of vested or accumulated vacation leave of governmental funds that are not expected to be liquidated within the current year are reported in the general long-term debt account group. 7. 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 of the bonds. Bond discounts are presented as a reduction of the face amount of bonds payable whereas issuance costs are recorded as deferred charges. 8. Total Columns on Combined Statements - Overview Total Columns on the Combined Statements - Overview are captioned "Memorandum Only" to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present results of operations in conformity with generally accepted accounting principles. Neither is such data comparable to a consolidation. Interfund eliminations have not been made in the aggregation of this data. 9. Medical/Health/Self-Insurance Fund The City has established an internal service fund to account for its medical self-insurance program. The purpose of this fund is to pay medical insurance claims of the City employees and their covered dependents and minimize the total costs of annual insurance to the municipality. The private insurance carrier determines premium payments to be made by the City. Annual claims are paid from accumulated premium payments, and claims exceeding accumulated premium payments are paid by the private insurance carrier. Estimated claims incurred but not reported of $96,818 have been recorded as of June 30, 1990. Dependent coverage is funded by charges to employees. NOTE B - CASH INVESTMENT 1. Deposits At June 30, 1990, the carrying amount of the City's deposits was $5,078,836 and the bank balance was $5,270,354 which excludes $3,920 of petty cash funds held at various City locations. The deposits are categorized in accordance with risk factors created by governmental reporting standards. 21 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE B - CASH AND INVESTMENT - Continued 1. Deposits - Continued Carrying Bank Amount Balance Category #1 $ 100,000 $ 100,000 Category #2 4,978,836 5,170,354 Category #3 - - Category #1 includes deposits covered by depositing insurance or collateral held by the City in the City's name. Category #2 includes deposits covered by collateral held by the financial institutions trust department in the City's name. Category #3 includes deposits which are uncol lateral i zed or the collateral is held by the financial institutions trust department but not in the City's name. 2. Investments Investments made by the City are summarized below. The investment that are represented by specific identifiable investment securities are classified as to credit risk by the three categories described below: Category #1 Insured or registered, or securities held by the City or its agent in the City's name. Category #2 Uninsured and unregistered, with securities held by the counter -party's trust department or agent in the City's name. Category #3 Uninsured and unregistered, with securities held by the counter -party, or by its trust department or agent but not in the City's name. Category Carrying Market #1 #2 #3 value value U.S. government securities $ 371,030 $ - $ - $ 371,030 $ 372,161 Certificates of deposit 8,120,852 - - 8,120,852 8,120,852 Commercial paper 493.825 - 493.825 491.008 $ 8,985,707 $ $ $ 8,985,707 $ 8,984,021 Included in the amounts shown above is $3,575,217 to be used to retire the 1984 Public Building Bonds (note E). 22 23 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE C - PROPERTY TAXES + Property taxes attach as an enforceable lien on property. Taxes were levied on August 15, 1989, for collection during this fiscal year. The tax rates assessed at the time were as follows. City Revenue $.30/100.00 assessed valuation Library Tax .14/100.00 assessed valuation Public Health Tax .04/100.00 assessed valuation + Debt Service Tax .10/100.00 assessed valuation Reserve for doubtful property taxes at June 30, 1990, was $21,688. + NOTE D - CHANGES IN GENERAL FIXED ASSETS A summary of proprietary fund type property, plant and equipment at June 30, 1990 follows: Internal Enterprise Service + Land $ 435,320 $ 37,500 Buildings 9,459,400 359,964 Improvements other + than buildings 13,175,448 17,270 Equipment 2,357,245 781,175 Construction in progress 1.871.542 + 27,298,955 1,195,909 Less accumulated depreciation 9,059,617 385,733 + $18,239,338 $ 810,176 23 Principal payments are made on November 1, and interest payments are made semi-annually on May 1, and November 1. On November 1, 1994, proceeds from the 1987 Refunding Bonds will be used to retire the remaining $3,510,000 of 1984 Public Building serial bonds. 24 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE E - LONG-TERM OBLIGATIONS The following is a summary of bond transactions of the City for the year ended June 30, 1990. General Leasehold Obligation Revenue Revenue Bonds Bonds Bonds Total - Bonds payable at July 1, 1989 $8,110,000 $1,320,000 $8,720,000 $18,150,000 Unamortized _ discounts - - (91,747) (91,747) Bonds retired (140,000) (30.000) (415,000) (585.000) Bonds payable at June 30, 1990 $7,970,000 $1,290,000 $8,213,253 $17,473,253 Bonds payable at June 30, 1990, are comprised of the following individual issues. + $4,390,000 1984 Public Building serial bonds due as follows. Year ending Interest Principal Interest June 30 Rate Due Due Total 1991 12.0096 $ 150,000 $ 435,060 $ 585,060 1992 12.00 160,000 416,460 576,460 1993 12.00 175,000 396,360 571,360 1994 9.25 190,000 377,073 567,073 1995 9.00 3,715,000 184.142 3.899.142 ' $4,390,000 $1,809,095 $6,199,095 Principal payments are made on November 1, and interest payments are made semi-annually on May 1, and November 1. On November 1, 1994, proceeds from the 1987 Refunding Bonds will be used to retire the remaining $3,510,000 of 1984 Public Building serial bonds. 24 Principal payments are made annually on November 1, and interest payments are made semi-annually on May 1, and September 1, On August 1, 1987, the City of Cape Girardeau issued $3,580,000 of y General Obligation Refunding Bonds Series 1987 with interest rates varying from 6.00% to 7.108. The Refunding Bonds constitutes general obligations of the City and will be payable as to both principal and y interest from advalorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the City. The Refunding Bonds are being issued to provide the City with funds which, together with other legally available funds of the City, will be sufficient to refund $3,510,000 of the $4,780,000 principal amount of the outstanding Series 1984 Bonds of the City. 25 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE E - LONG -PERM OBLIGATIONS - Continued $3,580,000 1987 General Obligation Refunding Bonds due as follows: Interest Year ending Interest Principal Interest Earned on �1one 30 Rate Due Due Escrow Tota1,T 1991 $ - $ 238,628 $ 238,628 $ - 1992 - 238,628 238,628 - 1993 - 238,628 278,628 - 1994 - 238,628 238,628 - 1995 - 238,628 119,869 118,759 1996 6.00% 265,000 230,678 - 495,678 1997 6.15 280,000 214,117 - 494,117 1998 6.30 295,000 196,215 - 491,215 1999 6.45 315,000 176,764 - 491,764 2000 6.60 340,000 155,385 - 495,385 2001 6.70 360,000 132,105 - 492,105 2002 6.80 385,000 106,955 - 491,955 2003 6.90 415,000 79,548 - 494,548 2004 7.00 445,000 49,655 - 494,655 2005 7.10480,900 1.7 04 - 497,040 $3,580,000 $2,551,602 $1,074,381 $5,057,221 Principal payments are made annually on November 1, and interest payments are made semi-annually on May 1, and September 1, On August 1, 1987, the City of Cape Girardeau issued $3,580,000 of y General Obligation Refunding Bonds Series 1987 with interest rates varying from 6.00% to 7.108. The Refunding Bonds constitutes general obligations of the City and will be payable as to both principal and y interest from advalorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the City. The Refunding Bonds are being issued to provide the City with funds which, together with other legally available funds of the City, will be sufficient to refund $3,510,000 of the $4,780,000 principal amount of the outstanding Series 1984 Bonds of the City. 25 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE E - LONG-TERM OBLIGATIONS - Continued y To effect the refunding of the Series 1984 Bonds, the City entered into an Escrow Deposit Agreement (the "Escrow Deposit Agreement"), dated as of August 1, 1987, with The Boatmen's National Bank of St. Louis, as escrow agent ("Escrow Agent"). Pursuant to the Escrow Deposit Agreement, the Escrow Agent deposited the proceeds of the Bonds to be applied in the amount of $3,580,600 to the purchase of United States Treasury Securities (the "Escrowed Securities"). The principal amount of the Escrowed Securities, together with the interest income thereon, will be payable at such times and in such amounts, together with the moneys held uninvested by the Escrow Agent, to pay, when and as due, the interest on the Bonds from November 1, 1987 through November 1, 1989, and to pay the principal of and redemption premium on the Series 1984 Bonds to be redeemed on November 1, 1994. The Escrow Deposit Agreement that the Escrowed Securities (exclusive of investment earnings thereon) and the moneys held uninvested by the Escrow Agent are irrevocably pledged to the payment of the principal of and redemption premium on the Series 1984 Bonds and may be applied only to such payment. $1,290,000 1986 Sewerage System Revenue Bonds due as follows. Year ending Interest Principal Interest June 30 Rate Due Due Total 1991 9.00% $ 35,000 $ 101,897 $ 136,897 1992 8.50 40,000 98,748 138,748 1993 8.50 45,000 95,347 140,347 1994 8.50 50,000 91,523 141,523 1995 7.50 50,000 87,272 137,272 1996 7.50 60,000 83,523 143,523 1997 7.50 65,000 79,022 144,022 1998 7.50 70,000 74,148 144,148 1999 7.60 75,000 68,897 143,897 2000 7.70 85,000 63,198 148,198 2001 7.75 95,000 56,652 151,652 2002 7.80 100,000 49,290 149,290 2003 7.90 110,000 41,490 151,490 2004 8.00 125,000 32,800 157,800 2005 8.00 135,000 22,800 157,600 2006 8.00 150,000 12,000 162,000 $1,290,000 $1,058,607 $2,348,607 26 The bond's are obligations of the Cape Girardeau (Missouri) Public Facilities Authority (CGPFA). The CGPFA has entered into a Lease Purchase Agreement with the City of Cape Girardeau, Missouri. Principal and interest will be paid by CGPFA from rental and other receipts from the City. The purpose of the bonds is to purchase the existing central fire station of the City, construct and equip a new fire station, construct and equip a solid waste transfer station and acquire certain other furnishings and equipment. Based on a percentage -of -use of funds, the bond principal is allocated as follows: $1,440,884 - Sewer Fund; $1,297,809 - Solid Waste Fund and $701,307 - General Long -Term Debt Account Group. Principal payments are made annually on September 1, and interest payments are made semi-annually on March 1, and September 1. 27 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE E - LONG-TERM OBLIGATIONS - Continued Principal payments are made annually on March 1, and interest payments are made semi-annually on March 1, and September 1. $3,440,000 Building and Equipment Leasehold Revenue Bonds, Series 1988 due as follows. Year ending Interest Principal Interest September 1 Rate Due Due Total 1990 6.10% $ 295,000 $ 219,053 $ 514,053 1991 6.25 310,000 200,368 510,368 1992 6.40 330,000 180,120 510,120 1993 6.50 355,000 158,023 513,023 1994 6.60 375,000 134,110 509,110 1995 6.70 400,000 108,335 508,335 1996 6.80 430,000 80,315 510,315 1997 6.90 455,000 49,998 504,998 1998 7.00 490.000 34.300 524.300 + $3,440,000 $1,164,622 $4,604,622 The bond's are obligations of the Cape Girardeau (Missouri) Public Facilities Authority (CGPFA). The CGPFA has entered into a Lease Purchase Agreement with the City of Cape Girardeau, Missouri. Principal and interest will be paid by CGPFA from rental and other receipts from the City. The purpose of the bonds is to purchase the existing central fire station of the City, construct and equip a new fire station, construct and equip a solid waste transfer station and acquire certain other furnishings and equipment. Based on a percentage -of -use of funds, the bond principal is allocated as follows: $1,440,884 - Sewer Fund; $1,297,809 - Solid Waste Fund and $701,307 - General Long -Term Debt Account Group. Principal payments are made annually on September 1, and interest payments are made semi-annually on March 1, and September 1. 27 y City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE E - LONG-TERM OBLIGATIONS - Continued $4,865,000 Building and Equipment Leasehold Revenue Bonds (Street and Sewer Improvement Projects), Series 1989 due as follows. Year ending Interest Principal Interest March 1 Rate Due Due Total 1991 6.75% $ 145,000 $ 337,537 $ 482,537 1992 6.80 350,000 327,750 677,750 1993 6.80 360,000 303,950 663,950 1994 6.85 370,000 279,470 649,470 1995 6.85 380,000 254,125 634,125 1996 6.90 400,000 228,095 628,095 1997 6.90 405,000 200,495 605,495 1998 6.95 420,000 172,550 592,550 1999 7.00 435,000 143,360 578,360 2000 7.00 455,000 112,910 567,910 2001 7.05 470,000 81,060 551,060 2002 7.10 490,000 47,925 537,925 2003 7.10 185,000 13,135 198,135 $4,865,000 $2,502,362 $7,367,362 The 1989 bonds and interest were issued pursuant to an agreement in the original indenture, $3,720,000 Building and Equipment Leasehold Bonds, Series 1988. The 1989 bonds and interest are obligations of the Cape Girardeau (Missouri) Public Facilities Authority (CGPFA). The CGPFA has entered into a Lease Purchase Agreement with the City of Cape Girardeau, Missouri. Principal and interest payments will be paid by CGPFA from rental and other receipts from the City. The purpose of the bonds is to construct and improve certain streets located in the City and improve the sewerage system. Based on a percentage -of -use of funds, the bond principal is allocated as follows: $2,775,361 - Sewer Fund and $2,089,639 - General Long-term Debt Account Group. Principal payments are made annually on March 1, and interest payments are made semi-annually on March 1, and September 1. RM 29 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE E - LONG-TERM OBLIGATIONS - Continued The annual requirements to amortize all debt outstanding as of June 30, 1990, including interest payments of $8,011,907 are as follows. General Leasehold Year ending Obligation Revenue Revenue June 30 Bonds Bonds Bonds Total 1991 $ 585,060 $ 136,897 $ 996,590 $ 1,718,547 1992 576,460 138,748 1,188,118 1,903,326 1993 571,360 140,347 1,174,070 1,885,777 1994 567,073 141,523 1,162,493 1,871,089 1995 4,017,901 137,272 1,143,235 5,298,408 1996 495,678 143,523 1,136,430 1,775,631 1997 494,117 144,022 1,115,810 1,753,949 1998 491,215 144,148 1,097,548 1,732,911 1999 491,764 143,897 1,102,660 1,738,321 2000 495,385 148,198 567,910 1,211,493 2001 492,105 151,652 551,060 1,194,817 2002 491,955 149,290 537,925 1,179,170 2003 494,548 151,490 198,135 844,173 2004 494,655 157,800 - 652,455 2005 497,040 157,800 - 654,840 2006 162.000 162.000 $11,256,316 $2,348,607 $11,971,984 $25,576,907 $550,603 is available in the Debt Service Fund to service the general obligation bonds. This does not include the $3,575,217 available to apply to refunding of 1984 series bonds. In the Sewer Fund, $207,632 cash is available to service the Sewerage Revenue Bonds. The debt service available to retire the Leasehold Revenue Bonds is shown in the various funds as follows. Sewer Fund $ 467,619 Solid Waste Fund 149,807 General Fund 0 Debt Service Fund 296,868 General Capital Improvement Fund 0 Street Improvement Fund 0 Total $ 916,294 29 City of Cape Girardeau, Missouri. NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 ' NOTE E - LONG-TERM OBLIGATIONS - Continued _ Included in restricted cash on the balance sheet is $3,999,979 which is the balance in the various project accounts which represent incompleted projects at June 30, 1990. If the project funds are not used, the remaining balance can be applied against debt. The City is in compliance with all significant limitations and restrictions contained in the various bond indentures. NOTE F - CAPITAL LEASE OBLIGATIONS The City is the lessee of certain equipment under capital leases. The assets and liabilities under capital leases are recorded at the lower of the present value of the minimum lease payments or the fair value of the asset. The assets are amortized over their estimated productive lives. Following is a summary of property held under capital leases. General Fixed Enterprise Asset Group Funds Luggar truck $ - $ 64,425 Sanitation truck - 99,476 Refuse trucks - 114,104 Sludge trucks - 250,698 Golf carts - 68,000 Golf course irrigation system - 204,281 Fire truck 410.164 410,164 800,984 Less accumulated amortization 319.806 $410,164 $481,178 30 NOTE G - DEFICIT FUND BALANCES The following funds have deficit fund balances at June 30, 1990. Enterprise Funds Solid Waste Fund $167,895 Golf Course Fund 76,798 Capital Projects Funds U.S. Corp Flood Control Fund 396,285 Park Improvements Fund 5,784 NOTE H - PENSION PLAN 1. Plan Description The City of Cape Girardeau contributes to the Missouri Local Government Employees Retirement System (LAGERS), and agent multiple -employer public employee retirement system that acts as a common investment and administrative agent for local government entities in Missouri. LAGERS was created and is governed by state statute. As such, it is the 31 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE F - CAPITAL LEASE OBLIGATIONS - Continued The following is a schedule by years of future minimum lease payments y under capital leases together with the present value of the minimum lease payments as of June 30, 1990. Year ending General Fixed Enterprise June 30 Asset Group Funds 1991 $105,032 $150,302 1992 52,489 129,293 1993 - 49,155 1994 - 22,254 Succeeding years - 77.722 Total minimum lease payments 157,521 428,726 Less amount representing interest 8.430 47,183 Present value of net minimum lease payments $149,091 $381,543 Current portion $ 97,829 $124,662 Noncurrent portion 51.262 256.881 $149,091 ------- $381,543 ------- NOTE G - DEFICIT FUND BALANCES The following funds have deficit fund balances at June 30, 1990. Enterprise Funds Solid Waste Fund $167,895 Golf Course Fund 76,798 Capital Projects Funds U.S. Corp Flood Control Fund 396,285 Park Improvements Fund 5,784 NOTE H - PENSION PLAN 1. Plan Description The City of Cape Girardeau contributes to the Missouri Local Government Employees Retirement System (LAGERS), and agent multiple -employer public employee retirement system that acts as a common investment and administrative agent for local government entities in Missouri. LAGERS was created and is governed by state statute. As such, it is the 31 + City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE R - PENSION PLAN - Continued + 1. plan Deseript - Continued 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 401a and it is tax exempt. All full-time employees are eligible to participate in LAGERS. Benefits vest after five years of credited service. Employees who retire on or after age 60 (55 for police and fire) with 5 or more years of service are entitled to an allowance for life based upon the benefit program then in effect. The allowance is equal to a benefit factor multiplied by the final average salary multiplied by the number of years of service. LAGERS also provides early retirement, death and disability benefits. If the political subdivision participates under the contributory plan, each member contributes 4% of gross salary. The employer is required by statute to contribute the remaining amounts necessary to finance the coverage of it employees using the actuarial basis specified by state statute. 2. Funding Status and Progress The amount shown below as the "pension benefit obligation" is a standardized disclosure measure of the present value of pension benefits, adjusted for the effects of projected salary increases, estimated to be payable in the future as a result of employee service to date. The measure is the actuarial present value of credited projected benefits and is intended to (i) help users assess the plan's funding status on a going -concern basis, (ii) assess progress being made in accumulating sufficient assets to pay benefits when due, and (iii) allow for comparisons among public employee retirement plans. The measure is independent of the actuarial funding method used to determine contributions to the plan. The pension benefit obligation was determined as part of an actuarial valuation of the plan as of February 28, 1990. Significant actuarial assumptions used in determining the pension benefit obligation include (a) a rate of return on the investment of present and future assets of 7.0% per year compounded annually, (b) projected salary increases of 4% per year compounded annually, attributable to inflation, (c) additional projected salary increases ranging from 0.0% to 4.0% per year, depending + on age, attributable to seniority/merit, and (d) the assumption that benefits will increase 3% per year after retirement. At February 28, 1990, the assets in excess of the pension benefit obligation were $610,058, determined as follows: 32 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE H - PENSION PLAN - Continued 2. Funding Status and Progress - Continued Pension Benefit Obligation: (Employer Accumulation Fund and Member Deposit Fund only) Retirees and beneficiaries currently receiving benefits $ - Terminated employees not yet receiving benefits 122,736 Current employees -- Accumulated employee contributions including allocated investment income 1,473,852 Employer financed - Vested 3,678,687 Employer financed - Non -vested 517,137 Total Pension Benefit Obligation 5,792,412 Net Assets Available for Benefits; at Cost: 6.402.470 Assets in Excess of the Pension Benefit Obligation $ 610,058 3. Funding Policy The City Cape Girardeau is obligated by state statute to make all required contributions to the plan. The required contributions are actuarially determined using the individual entry -age actuarial cost method. The prior service costs are amortized over an initial amortization period of 40 years, and the amount of the additional unfunded obligations created due to increases in plan benefits over a period of 30 years. Any refunds of member contributions as elected by the City of Cape Girardeau are amortized over a 15 year period. The significant actuarial assumptions used to determine the actuarially determined employer contribution requirements are the same as those used to compute the pension benefit obligation. The City of Cape Girardeau's contribution for 1990 of $425,627 was made in accordance with actuarially determined contribution requirements determined through an actuarial valuation. This amount consisted of normal cost and amortization of prior service costs. The value of vested benefits was not determined in connection with the actuarial valuation of the plan. At February 29, 1990, (the date of the most recent actuarial valuation) the total unfunded liability for benefits accrued was $609,560. 33 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE H - PENSION PLAN - Continued 4. Trend Information Historical information about the City's participation in the Missouri Local Government Employees Retirement System is presented herewith as required supplementary information. This information is intended to help users assess the City's retirement plan's funding status on a going -concern basis, assess progress being made in accumulating assets to pay benefits when due, and allow for comparisons with other public employees retirement systems (PERS). Valuation Date 2/28/87 2/29/88 2/28/89 2/28/90 (1) Net Assets Available For Benefits (2) Pension Benefit Obligation (PBO) (3) (4) (5) Percent Unfunded Annual Funded PBO Covered (1)/(2) (2)-(1) Payroll $5,276,196 $5,595,774 94% 6,218,632 6,188,416 100 5,577,814 5,190,355 107 6,402,470 5,792,412 111 (6) Unfunded PBO As a Percent of Covered Payroll (4)/(5) 6% $ 319,578 $4,968,360 (30,216) 4,970,027 (387,459) 5,291,039 (610,058) 5,542,581 The above assets and pension benefit obligation do not include the assets and present value of benefits associated with the Benefit Reserve Fund and the Casualty Reserve Fund. All current retiree assets and present values are excluded above, beginning 1989. Analysis of the dollar amounts of net assets available for benefits, pension benefit obligation, and unfunded pension benefit obligation in isolation can be misleading. Expressing the net assets available for benefits as a percentage of the pension benefit obligation provides one indication of the plan's funded status on a going -concern basis. Analysis of the percentage over time indicates whether the system is becoming financially stronger of weaker. Generally, the greater this percentage, the stronger the plan. The unfunded pension benefit obligation and annual covered payroll are both affected by inflation. Expressing the unfunded pension benefit obligation as a percentage of annual covered payroll approximately adjusts for the effects of inflation and aids analysis of the progress being made in accumulating sufficient assets to pay benefits when due. Generally, the smaller this percentage, the stronger the plan. 34 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 ' NOTE H - PENSION PLAN - Continued 4. Trend Information - Continued Fiscal year 6/30/87 6/30/88 6/30/89 6/30/90 Member Employer contri- contri- Investment butions butions income $197,541 $303,803 $778,789 203,439 308,554 424,987 - 435,168 512,051 - 425,627 712,292 Expenses by type Total $1,280,133 936,980 947,219 1,137,919 Fiscal year Benefits Refunds Total 6/30/87 $227,472 $37,921 $265,393 6/30/88 265,824 59,276 325,100 6/30/89 261,462 74,345 335,807 6/30/90 237,267 37,860 275,127 NOTE I - INTEREST EXPENSE Interest cost totaling $1,408,781, excluding $104,628 of interfund interest, was incurred during the year ended June 30, 1990. No interest cost was capitalized as part of the cost of assets constructed during the period. NOTE J - INTERFUND RECEIVABLES AND PAYABLES The following is a summary of the amounts due from and to other funds. Due from Due to General Fund $1,563,728 $ - Sewer Fund - 1,032 CDBG Grants Fund - 26,262 Solid Waste Fund - 696,105 Library Fund - 59,713 Data Processing Fund - 15,078 Airport Fund - 588 Flood Protection Fund - 536,381 Golf Course Fund 228,569 $1,563,728 $1,563,728 35 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1990 NOTE K - DEFERRED COMPENSATION PLAN The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The plan, available to all City employees, permits them to defer a portion of their salary until future years. Participation in the plan is optional. The deferred compensation is not available to employees until termination, retirement, death or unforeseeable emergency. All amounts of compensation deferred under the plan, all property and rights purchased with those amounts, and all income attributable to those amounts, property or rights are (until paid or made available to the employee or other beneficiary) solely the property and rights of the City subject only to the claims of the City's general creditors. Participants' rights under the plan are equal to those of general creditors of the City in an amount equal to the fair market value of the deferred account for each participant. NOTE L - RESTATEMENT OF FUND BALANCES The following June 30, 1989 fund balances of the City have been restated, and are shown as follows. Enterprise Capital Fund- Projects Sewer Fund - Fund CDBG Fund Balance at June 30, 1989 $9,355,858 $154,596 Restatement of balance for additional accounts payable (5,000) Restatement of balance for CDBG loans receivable renegotiated in 1989 (18,361) Restated fund balance June 30, 1989 $9,350,858 $136,235 -------_ 36 COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS City Of Cape Girardeau, Missouri GENERAL FUND STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 ACTUAL 7,569,945 529,266 172,901 241,547 393,207 100,264 229,277 9,236,407 1,019,320 1,252,837 4,680,319 145 80,708 723,451 19,890 91,829 13,203 -_7,881,702 1,354,705 0 <1,524,660> 20,590 ------------ <1,504,069> VARIANCE FAVORABLE (UNFAVORABLE) ------------- <60,789> <23,134> 37,981 11,097 8,207 23,752 <30,147> <33,033> 52,482 11,214 82,020 O <3,852> 50,602 <5,748> 0 0 186,719 ------------- 153,686 <400, 000> 15,990 248 <383, 761> AND OTHER FINANCING USES 80,711 <149,364> <230,075> TAE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. BUDGET ^ REVENUES ' Taxes 7,630,734 License$ and permits 552,400 Intergovernmental 134,920 Charges for services 230,450 Fines and forfeitures 385,000 Miscellaneous 76,512 Interest 259,424 w ------------ TOTAL REVENUES ------------ 9,269,440 EXPENDITURES Current General government 1,071,802 .. Transportation 1,264,051 Public safety 4,762,339 Sanitation 145 Cemetery 76,857 ' Community development 774,053 Interdepartmental 14,142 Debt service Principal 91.829 Interest and fiscal charges ------------ 13,203 TOTAL EXPENDITURES 8,068,421 ------------ EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 1,201,019 ------------ OTHER FINANCING SOURCES (USES) .. Transfers in 400,000 Transfer out <1,540,650> Proceeds from fixed assets 20,342 TOTAL OTHER FINANCING SOURCES _-----___-__ (USES) <1,120,308> ------------ .. EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES ACTUAL 7,569,945 529,266 172,901 241,547 393,207 100,264 229,277 9,236,407 1,019,320 1,252,837 4,680,319 145 80,708 723,451 19,890 91,829 13,203 -_7,881,702 1,354,705 0 <1,524,660> 20,590 ------------ <1,504,069> VARIANCE FAVORABLE (UNFAVORABLE) ------------- <60,789> <23,134> 37,981 11,097 8,207 23,752 <30,147> <33,033> 52,482 11,214 82,020 O <3,852> 50,602 <5,748> 0 0 186,719 ------------- 153,686 <400, 000> 15,990 248 <383, 761> AND OTHER FINANCING USES 80,711 <149,364> <230,075> TAE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. Lssm Caab ad I.,e.tamte Geei,able., net of alloraaces for dspbtfal recei,ablee Gal ..tate to P,reaal Iaps,t/ taa Sale, tax Batel, hotel, and U..t w Motor foul tax Beta ,ebicle Bass fees Iota ,ebicle wle. tax Grants reo.i.ble hlereat rec,i,abl, Otbe, recei,abla Prepaid enpeaee. LII97LIT115 810 1910 WITT Iraotn payable Lccrad liabilities Payall, p 11 lasso aad benefit. Lb.. payable U ot6,, fnde Deferred re,enae Fuad balance City of Cape Cirerdceo, Missouri SPICILL Rollin ruff C3MBININC Riau SB887 .lune 30, 1954 171,529 8,665 283,231 /0,717 880,721 2,132 719,160 8,811 13,006 Gate L Total. Liebtin6 (Bewraedw NIT) Paid 6-30-90 6-30-89 0 1,990,978 2,023,131 0 Ibatoa 0 6,210 Capital 0 21,666 Cos,ation/ Bueineee Parte and Bots, ].P,., eat Plood Piefoe T.oria Oi.trict Necrestlas Health Pa,l I. Ssl,a fu Lib,aq protestisa 2000 Pond Food Peed Pmd had Fad had Vaud Pad 171,529 8,665 283,231 /0,717 880,721 2,132 719,160 8,811 13,006 Gate L Total. Liebtin6 (Bewraedw NIT) Paid 6-30-90 6-30-89 0 1,990,978 2,023,131 0 1,753 0 6,210 0 0 21,666 0 0 0 29,631 29,591 0 0 0 5B6 0 0 2,059 0 0 0 2,615 2,629 0 0 0 0 0 93,336 0 0 0 0 93,338 0 50,792 0 0 0 0 0 0 0 0 0 50,792 19,318 0 0 0 0 50,016 0 0 0 0 0 50,016 18,116 0 0 0 0 12,292 0 0 0 0 0 12,292 11,366 0 0 0 0 12,311 0 0 0 0 0 12,311 13,661 0 0 0 0 0 0 3,683 0 0 0 9,883 0 1,263 0 530 0 1,787 0 395 0 0 0 3,995 0 0 0 0 1 0 0 1 0 0 0 5 5 0 0 2,586 1,311 0 0 1,007 0 0 0 9,937 10,821 526,601 10,118 2116,350 18,856 957,130 95,170 319,176 8,611 13,006 0 2,265,823 2,189,271 31,137 0 18,039 1,762 1,312 0 11,853 0 1,612 0 97,715 130,306 0 0 27,265 191 0 0 3,692 0 0 0 31,118 25,720 0 0 0 0 0 0 51,713 0 0 0 59,713 15,131 55,576 1,153 0 6,361 0 0 22,285 0 0 0 85,998 58,619 8aerad 0 0 2,586 1,311 0 0 311,155 0 6 0 12,395 32,117 0areaer,ed 139,891 9,665 208,160 38,877 955,786 95,170 18.1,168 8,611 8,391 0 1,918,521 1,897,321 ---- _- ---- 139,891 8,665 ---- 211,016 - _- _ 10,221 ----------- 955,786 _______ 95,170 ________ 22•.1,633 ___________ 8,611 ---- ----- -------- 8,391 __ 0 1,890,919 1,929,168 526,601 10,/16 286,350 18,858 957,130 95,170 3L", 176 8,811 13,006 0 2,265,823 2,189,7// T81 10785 To T88 TIILICILL STIT8B N L91 LI IITBGPLL PLR OP TRIS STLmm. 30 City of Cace Girardeau, Missouri SPECIAL REVENUE FUNDS COMEINING STATEMENT OF REVENUES AMD UPMNDITURES AMD POND BALANCE FOA TRE FISCAL YEAR ENDED JUNE 30, 1990 40 DOWNTOWN CAPITAL MAU COMITI01/ BUSINESS PARAS AND NMI IMPROVEMENT FLOOD FIS101 IT.1 (MINIMU I7 TOURISM ___________ DISTRICT ------------ UCUATI0/ ________ UALT9 ------------ ME TAM ______ SAM TAT --- --- _--- L18RANT ------------ PROTECTION ------------ 2000 ______ LIfETI10 ------------ DIET) ______ Hvm1.6 late. 585,139 27,252 0 96,486 0 157,632 330,880 0 0 0 1,197,689 INtergovereaeotNl 0 0 0 3,403 838,089 0 45,121 0 0 0 886,613 Chew. for cenlceN 0 0 151,161 0 0 0 10,360 0 0 0 161,521 Mae Ned forfeitmea D 0 0 0 0 0 7,603 0 0 0 7,003 Miceellaneova 0 0 12,018 0 0 0 13,014 0 16,023 25,062 66,147 INtereet 31,959 996 16,742 2,609 67,992 11 23,616 719 626 891 146,163 TOTAL RMVEM 617,397 28,210 179,951 102,498 906,081 457,643 430,796 719 16,619 25,953 2,765,936 11P®DITORRS Cmreat Gemral Monnceat 257,928 0 0 0 0 0 0 0 0 0 257,928 Traoaportatiae 0 0 0 0 197,667 0 0 0 0 0 197,661 Poblii Wet, 0 0 0 /0 0 0 0 0 0 0 /0 9ealtE 0 0 0 79,873 0 0 0 0 0 0 79,673 Calton sed reereatiae 0 0 1,031,630 0 0 0 432,517 0 0 0 1,467,147 Caa ItF develdwat 0 43,007 0 0 0 11,734 0 0 14,022 0 68,763 Debt cenlee Matereat mad fiscal cbagea 0 0 0 206 0 439 0 0 0 0 647 TOTAL QPENDlmm __________ 257,928 ------------ 43,007 ____ - __ 1,034,630 ________-_ 79,921 _________ 197,667 - _____ 12,173 ______- 432,517 ___-___ 0 ------------ 14,022 ___________ 0 2,072,065 ENCTSS (DU1C113CT) OF RUMIDg OVEN (LADEN) ELP1111TUR6 359,469 (11,759) (854,679) 22,577 706,213 445,470 (1,721) 719 2,627 25,953 693,870 40 PH NOTES TO ffi FINANCIAL STAT 'M ARP AI INTEGRAL PAH OF THIS Slim=. e1 City of Care GSrardeae, MAsaoeri SPECIAL RIVERA FONDS WHINING STARMENT OF REVENUES AND HPIMUITOHES AND RED 9AWNCE FOR THE FISCAL YEAR ENDED JUNE 30, 1990 DOWNTOWN CAPITAL Mas WIVINTION/ BUSINESS PARIS AND MOTOR IMPROVEMENT FLOOD VISION H. I (01ORim TOURISM DISTRICT HCREATION HEALTH FUEL T11 SALES TAI LIBRARY nOTRCTION 2000 LIGATING ONLY) mm FINANCING SOUHCIS (USES) 7.0fere 10 0 0 900,000 0 30,932 0 0 0 0 0 930,932 Transfers ont (420,000) 0 0 0 (762,420( (350,ON1 0 0 0 (30,932) (1,563,352) heeds of debt f3 .uu 0 0 0 0 0 0 0 0 0 0 0 Pmreede from fled sesta 0 0 0 0 0 0 0 0 0 0 0 TOTAL DRIB MAKING SOURCES (OSIS) (420,000) 0 900,000 0 (731,488) (350,000) 0 0 0 (30,932) (632,420) MISS OP Irom LED OTR® FINANCING S09M OM IIP®DITHEES AID OPTION FINANCING USES (60,531) (14,759) 45,321 22,577 (23,274) 95,470 (1,721) 719 2,627 (4,979) 61,450 TUNS BLLANCI 17 SINNING OP TEAR 500,422 23,423 165,725 17,644 979,062 0 224,354 8,092 5,767 4,979 1,929,468 FUND BALANCE AT END Of RAN 439,891 81664 211,046 40,221 955,788 95,470 222,633 81811 8,394 0 1,99,918 PH NOTES TO ffi FINANCIAL STAT 'M ARP AI INTEGRAL PAH OF THIS Slim=. e1 City of Cape Girardeau, Missouri CONVENTION/TOURISM SPECIAL REVENUE FUND STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 THE NOTES TO THE FINANCIAL .STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. .2 VARIANCE FAVORABLE ____________ BUDGET ACTUAI, ------------ (UNFAVORABLE) _____________ REVENUES Taxes 584,400 585,439 1,039 Interest 28,700 31,959 3,259 -___--_______ ____________ TOTAL REVENUES ____________ 613,100 ____________ 617,397 ------------ 4,297 _____________ EXPENDITURES Current General government 279,300 257,928 ------------ 21,372 _____________ .� ____________ TOTAL EXPENDITURES ____________ 279,300 257,928 ____________ 21,372 ________--___ EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ------------ 333,800 359,469 ------------ 25,669 -____-._______ OTHER FINANCING SOURCES (USES) Transfer out ____________ <420,000> <420,000> ____________ 0 --___-_______ TOTAL OTHER FINANCING SOURCES " (USES) ____________ <420,000> <420,000> ------------ 0 _____________ EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES <86,200> <60,531> 25,669 THE NOTES TO THE FINANCIAL .STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. .2 City of Cape Girardeau, Missouri DOWNTOWN BUSINESS DISTRICT SPECIAL REVENUE FUND STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 c THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 43 VARIANCE FAVORABLE BUDGET ACTUAL ____________ (UNFAVORABLE) -____________ ____________ REVENUES Taxes 27,265 27,252 <13> Interest 965 996 31 _____________ ------------ TOTAL REVENUES ____________ 28,230 ____________ 28,248 ------------ 18 _____________ EXPENDITURES Current Community development ------------ 43,027 43,007 ____________ 20 _____________ TOTAL EXPENDITURES ------------ 43,027 43,007 ____________ 20 _____________ EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ------------ <14,797> <14,759> ------------ 38 _____________ OTHER FINANCING SOURCES (USES) ,! TOTAL OTHER FINANCING SOURCES (USES) 0 0 0 .. ------------ ____________ _____________ EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES <14,797> <14,759> 38 c THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 43 City of Cape Girardeau, Missouri PARKS AND RECREATION SPECIAL REVENUE FUND _ STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 VARIANCE FAVORABLE ------------ BUDGET ACTUAL ------------ (UNFAVORABLE) _____________ REVENUES Charges for services 149,870 151,161 1,291 Miscellaneous 3,400 12,048 8,648 Interest 18,000 16,742 __________ <11258> _____________ TOTAL REVENUES ------------ 171,270 179,951 ____________ 8,681 _____________ EXPENDITURES Current Culture and recreation ____________ 1,020,498 1,034,630 ____________ <14,132> _____________ TOTAL EXPENDITURES ____________ 1,020,498 1,034,630 ____________ <l4,132> _____________ a EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ____________ <849,228> <854,679> ____________ <5,451> _____________ OTHER FINANCING SOURCES (USES) Transfers in 900,000 900,000 0 _ TOTAL OTHER FINANCING SOURCES ____________ _____________ (USES) 900,000 900,000 0 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 50,772 45,321 <5,451> THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 44 City of Cape Girardeau, Missouri HEALTH SPECIAL, REVENUE FUND _ STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 VARIANCE FAVORABLE ____________ BUDGET ACTUAL ___ (UNFAVORABLE) REVENUES _ _____________ Taxes 96,200 96,486 286 Intergovernmental 3,483 3,403 <80> Interest 1,885 2,609 724 TOTAL REVENUES ____________ 101,568 102,498 ____________ 930 _____________ EXPENDITURES Current Public safety 40 40 0 - Health 81,341 79,673 1,668 Debt service Interest and fiscal charges ____________ 210 208 2 TOTAL EXPENDITURES 81,591 ____________ 79,921 _____________ 1,670 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 19,977 22,577 2,600 OTHER FINANCING SOURCES (USES) ____________ TOTAL OTHER FINANCING SOURCES ____________ _____________ (USES) ____________ 0 0 ____________ 0 _____________ EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES ------------ 19,977 22,577 2,600 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 45 �. City o[ Cope :dirardeau, Missouri MOTOR FUEL TAX SPECIAL REVENUE FUND STATEMENT OF REVENUES AND EXPENDITURES - -� BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 VARIANCE FAVORABLE BUDGET ____________ ACTUAL ____________ (UNFAVORABLE) ___________.__ REVENUES J Intergovernmental 855,700 838,089 <1.7,611> Interest 88,500 67,992 ____________ <20,508> _____________ .. TOTAL REVENUES ____________ 944,200 ____________ 906,081 ____________ <38,119> _____________ EXPENDITURES Current Transportation 227,104 ____________ 197,867 ____________ 29,237 _____________ r TOTAL EXPENDITURES 227,104 ____________ 197,867 ____________ 29,237 _____________ EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 717,096 ____________ 708,213 ____________ <8,883> _____________ OTHER FINANCING SOURCES (USES) Transfers in 30,932 30,932 0 Transfer out <1,162,420> ____________ <762,420> ____________ 400,000 _____________ TOTAL OTHER FINANCING SOURCES (USES) <1,131.,488> ____________ <731,488> ____________ 400,000 _____________ EXCESS OF REVENUES AND OTHER FINANCING; SOURCES OVER EXPENDITURES AND OTHER FINANCING USES <414,392> <23,274> 391,118 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 46 City of Cape Girardeau, Missouri CAPITAL IMPROVEMENT SALES TAX SPECIAL REVENUE FUND STATEMENT OF REVFNUES AND EXPENDITURES - _ BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 VARIANCE FAVORABLE ____________ BUDGET ACTUAL __ (UNFAVORABLE) REVENUES _ _____________ Taxes 470,000 457,632 <12,368> Interest ____________ 0 11 11 TOTAL REVENUES 470,000 ____________ 457,643 _____________ <12,357> EXPENDITURES Current Community development 20,000 11,734 8,266 Debt service Interest and fiscal charges 440 439 1 ____________ TOTAL EXPENDITURES 20,440 ____________ 12,173 _____ 8,267 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 449,560 445,470 <4,090> OTHER FINANCING SOURCES (USES) — Transfer out ____________ <350,000> <350,000> 0 TOTAL OTHER FINANCING SOURCES ____________ _____________ (USES) _ ____________ <350,000> <350,000> ____________ 0 _____________ EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES ' AND OTHER FINANCING USES 99,560 95,470 <4, 090> THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 47 City of Cape Girardeau, Missouri LIBRARY SPECIAL REVENUE FUND _ STAIEMENT OF' REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 432,517 BUDGET ______ REVENUES FAVORABLE Taxes 331,100 Intergovernmental 59,763 Charges for services 9,300 Fines and forfeitures 8,150 Miscellaneous 1,750 Interest ------------ 18,000 TOTAL REVENUES ------------ 428,063 EXPENDITURES 2,733 Current Culture and recreation 440,979 Debt service TOTAL EXPENDITURES ------------ 440,979 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ------------ <12,916> OTHER FINANCING SOURCES (USES) ------------ TOTAL OTHER FINANCING SOURCES (USES) ------------ 0 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES <12,916> 432,517 VARIANCE ___ _____________ 432,517 FAVORABLE ACTUAL (UNFAVORABLE) 330,880 <220> 45,121 <14,642> 10,360 1,060 7,803 <347> 13,014 11,264 23,618 5,618 430,796 2,733 432,517 8,462 ___ _____________ 432,517 8,462 <1,721> 11,195 ____________ ------------- 0 0 <1,721> 11,195 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 48 City of Cape Girardeau, Missouri FLOOD PROTECTION SPECIAL REVENUE FUND STATEMENT OF REVENUES AND EXPENDITURES - '� BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 VARIANCE FAVORABLE BUDGET ACTUAL ____________ (UNFAVORABLE) _____________ ____________ REVENUES Interest 477 719 242 TOTAL REVENUES 477 719 242 EXPENDITURES Current TOTAL EXPENDITURES 0 ____________ ____________ 0 0 _____________ EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 477 719 242 OTHER FINANCING SOURCES (USES) ______ ___ _____________ TOTAL OTHER FINANCING SOURCES (USES) 0 0 0 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 477 719 242 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 49 City of Cape Girardeau, Missouri VISION 2000 SPECIAL REVENUE FUND STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) ,� ------------ REVENUES ------------ ------------- Miscellaneous 12,280 16,023 3,743 Interest ------------ 357 626 269 TOTAL REVENUES ------------ 12,637 16,649 --___ 4,012 EXPENDITURES Current Community development ------------ 11,988 14,022 ------------ <2,034> TOTAL EXPENDITURES 11,988 14,022 __-----_____- <2,034> EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 649 2,627 1,978 OTHER FINANCING SOURCES (USES) ------------ TOTAL OTHER FINANCING SOURCES ---------- ______- (USES) ____________ 0 0 ____________ 0 _-----______- EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 649 2,627 1,978 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 50 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 51 City of Cape Girardeau, Missouri RT. K LIGHTING SPECIAL REVENUE FUND STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) REVENUES Miscellaneous 31,062 25,062 <6,000> Interest 891 891 0 TOTAL REVENUES 31,953 25,953 <6,000> EXPENDITURES Current TOTAL EXPENDITURES 0 0 0 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 31,953 25,953 <61000> OTHER FINANCING SOURCES (USES) Transfer out <30, 933> <30,932> 1 TOTAL OTHER FINANCING SOURCES (USES) ____________ <30,933> ____________ <30,932> 1 _____________ EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES ------------ 1,020 _-_____---__ <41979> <5,999> __- _________ THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 51 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 52 City of Cape Girardeau, Missouri DEBT S}',RV10E FUND STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 VARIANCE �. FAVORABLE BUDGET ACTUAL (UNFAVORABLE) REVENUES ------------ ------------ _____ ' Taxes 240,512 241,050 538 Intergovernmental 8,707 8,508 <199> Interest 309,345 309,382 37 TOTAL REVENUES 558,564 558,941 377 EXPENDITURES Current Principal 194,554 194,554 0 Interest and fiscal charges 853,194 853,328 <134> ------------ ------------ _____________ TOTAL EXPENDITURES 1,047,748 ____________ 1,047,882 ____________ <134> -------_----- r EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES <489,184> <488,941> 243 OTHER FINANCING SOURCES (USES) Transfers in 618,725 617,285 <1,440> Special assessments 28,980 ------------ 30,505 1,525 _____________ TOTAL OTHER FINANCING SOURCES (USES) 647,705 647,790 85 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 158,521 158,849 328 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 52 City of Cape Girardeau, mi..! G ITAL PROJECTS FUNDS COMBINING BALANCE SH%ET June 30, 1990 LIABILITIES AND FUND EQUITY Acz orfs p.,obl. Gemral U. S. Corp 17,157 0 47,405 14,900 104,937 35,778 Interest parable Capital Flood Street FAU Street ClN Park Totals 1,442 Due to other governmP Improvement. Control Imp�ements Grant. Grants Improvements (tlevorand. Oply) 95,000 Fund Fund Fwd Fwd Mord Fwd 6-30-90 6-30-89 ASSETS Deferred xevewe 1,573 0 471,509 40,674. 0 0 513,756 Cash and iwestmenta 480,110 140,330 2,130,260 266,887 21,354 9,116 3,068,057 2,320,155 Grants receivable 0 0 0 18,1511 46,459 0 64,617 85,463 Special assesaeenta receivable 0 0 445,345 40,67.1 0 0 486,019 444,761 Interost receivable 1,867 0 41,766 0 0 0 43,633 11,311 Note. rereivabl. 0 0 0 fl 203,260 0 203,260 221,940 Ocher receivable. 0 0 0 0 26,262 0 26,262 0 461,9T 140,330 2,617,371 345,719 297,335 9,116 3,891,846 3,083,630 LIABILITIES AND FUND EQUITY Acz orfs p.,obl. 25,241 234 17,157 0 47,405 14,900 104,937 35,778 Interest parable 0 0 0 0 0 0 0 1,442 Due to other governmP 0 0 0 0 86,500 0 06,500 95,000 Duo to otb, fiords 0 536,381 0 0 26.262 0 562,643 66,668 Deferred xevewe 1,573 0 471,509 40,674. 0 0 513,756 438,807 Mord balwce Reserved 332,631 0 1,594,717 0 20,354 0 1,947,702 2,183,487 Unr .,d 122,532 (396,285) 533,988 305,04E 116.814 (5,784) 676,310 262,448 455,163 (396,285) 2,128,705 305,045 137,168 (5,784) 2,624,012 2,445,935 481,977 140,333 2,617,371 345,719 297,335 9,116 3,891,848 3,083,630 THE NOTES TO 1NE FINANCIAL STATENHNIS ARE AN INTEGRAL PART OF THIS STATRd f. yang CAPITAL PROJECTS uFUNDS sauri COMBINING STATEMENT LF REVENUES AND EXPENDITURES AND FUND BALANCE FOR THE FISCAL YEAR ENDED JUNE 30, ,990 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. TOTALS ONLY) GEN CAP CORP FLOOD STREET FAU STREET CGBG PARK -(MEMORANDUM- IMPROVEMENT PROJECT IMPROVEMENT GRANTS GRANTS IMPROVEMENT 1989-90 REVENUES Intergg er omen Cdl 0 0 0 0 3]3.263 0 373,263 Miscel lanepus 0 0 0 O O 51,000 51,000 Interest 38,353 __________ 330 1]9,1]2 17.064 2.525 2,505 239,949 TOTAL TOTAL REVENUES 38,353_ ___ _____ ------ ----------- 330 __-1-7-97_____ _179,172 _ _-1__-0-6-4__ _ ----------- 1]064 --- -7-57__ __ ----------- 375788 _ _-5-375____ 53_505 ----------- ___ 4_212 ----------- _ 664,21__ EXPENDITURES Current outlay 41,409 724,629 361,577 32,050 555,549 1]9,51] 1,094,731 Degital Interest and fiscal charges 0 21,986 2,754 11391 21369 129 28,629 TOTAL EXPENDITURES_ 41_409_ _]46_615_ 364,331 _ ___________ 33,440 ----------- 557,91B ----------- 179,646 ----------- 1,923 359 ----------- _________EXCESS EXCESS(DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES V3,0567 _ <746, 285', __ <185.160> ___________ C16,3767 ------------ <1S2, 1307 ----------- <126, 141> ___________ Cl. 259, 147. ----------- _________OTHER OTHERFINANCING SOURCES (USES) Transfers in O 350,000 512,420 276,966 183,062 75,000 1,397,448 Transfer out <31,975> 0 <100,678> 0 0 O <132,653> Prpceeds of debt financing 0 0 0 0 0 0 0 Proceeds from fined assets 34,500 0 0 O Special assessments 0 0 132,844 5,084 0 O 137,928 TOTAL OTHER FINANCING SOURCES (USES) 2,525 350,000 544,586 202,050 183,062 75,000 1,437,223 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES <532> <396,285> 359,427 265,675 932 <51, 1417 178,075 FUND BALANCE AT BEGINNING OF YEAR 455,694 0 1,769,279 35,371 136,235 45.357 2,445,936 FUND BALANCE AT END OF YEAR 455,162 (396,285) 2,128,706 305,046 137,167 <5,764> 2,624,011 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. City of Cape Girardeau, Missouri GENERAL CAPITAL IMPROVEMENT FUND STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) ------------ REVENUES ____________ ------------- Interest 38,600 38,353 <248> ------------ TOTAL REVENUES ____________ 38,600 38,353 _____________ <248> EXPENDITURES ,. Current Capital outlay 95,000 41,409 53,591 Debt service TOTAL EXPENDITURES 95,000 41,409 53,591 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES <56,400> <3,056> 53,344 - OTHER FINANCING SOURCES (USES) Transfers in 50,000 0 <501000> Transfer out <31,975> <31,975> 0 Proceeds from fixed assets ------------ 34,500 ____________ 34,500 0 _____________ TOTAL OTHER FINANCING SOURCES (USES) 52,525 2,525 <501000> EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES <3,875> <532> 3,343 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 55 City of Cape Girardeau, Missouri CORP FLOOD CONTROL CAPITAL PROJECT FUND STATEMENT OF REVENUES AND EXPENDITURES BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) ____________ REVENUES ____________ _____________ Interest _ 0 330 330 TOTAL REVENUES 0 330 ____________ 330 EXPENDITURES _ Current Capital outlay 700,000 724,629 <24,629> Debt service Interest and fiscal charges 24,000 21,986 2,014 TOTAL EXPENDITURES ____________ 724,000 ____________ 746,615 <22,615> _____________ EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES <724,000> <746,285> <22,285> a OTHER FINANCING SOURCES (USES) Transfers in 350,000 350,000 0 TOTAL OTHER FINANCING SOURCES ____ ____________ _____________ (USES) 350,000 350,000 0 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES <374,000> <396,285> <22,285> THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 56 City of Cape Girardeau, Missouri :STREET IMPROVEMENTS FUND STATEMENT OF REVENUES AND EXPENDITURES - .. BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 57 VARIANCE r FAVORABLE ------------ BUDGET ACTUAL ____________ (UNFAVORABLE) _____________ REVENUES ' Interest 173,760 179,172 ____________ 5,412 _____________ ------------ TOTAI. REVENUES ------------ 173,760 179,172 ____________ 5,412 _____________ EXPENDITURES Current Capital outlay 714,790 361,577 353,213 Debt service Interest and fiscal charges 2,800 2,754 46 ____________ TOTAL EXPENDITURES ------------ 717,590 ------------ 364,331 ____________ _____________ 353,259 _____________ - EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ------------ <543,830> <185,160> ------------ 358,670 _____________ ' OTHER FINANCING SOURCES (USES) Transfers in 512,420 512,42.0 0 Transfer out <102,100> <100,678> 1,422 .. Special assessments ------------ 114,283 132,844 ____________ 18,561 _____________ TOTAL OTHER FINANCING SOURCES (USES) ----------- 524,603 544,586 ____________ 19,983 _____________ EXCESS OF REVENUES AND OTHER FINANCING .,, SOURCES OVER EXPENDITURES AND OTHER FINANCING USES <19,227> 359,427 378,654 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 57 City of Cape Girardeau, Missouri EAU STREET GRANTS FUND STATEMENT OE REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 58 VARIANCE FAVORABLE ____________ BUDGET ACTUAL ___________ (UNFAVORABLE) REVENUES Interest 16,646 17,064 418 TOTAL REVENUES 16,646 17,064 418 EXPENDITURES Current - Capital outlay 32,050 32,050 0 Debt service Interest and fiscal charges 1,400 1,391 9 TOTAL EXPENDITURES ____________ 33,450 33,440 ____________ _ 10 _____________ " EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES <16,804> <16,376> 428 OTHER FINANCING SOURCES (USES) Transfers in 277,000 276,966 <34> Special assessments 5,084 5,084 0 TOTAL OTHER FINANCING SOURCES (USES) 282,084 282,050 <34> EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 265,280 265,675 395 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 58 City of Cape Girardeau, Missouri COMMUNITY DEVELOPMENT BLOCK GRANT FUND STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 + VARIANCE 2,369 BUDGET ___ REVENUES (UNFAVORABLE) Intergovernmental 491,525 Interest ------------ 2,350 TOTAL REVENUES ------------ 493,875 EXPENDITURES ' Current Capital outlay 644,431 Debt service Interest and fiscal charges ____________ 2,400 TOTAL EXPENDITURES ------------ 646,831 ' EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ------------ <152,956> OTHER FINANCING SOURCES (USES) Transfers in 154,000 ------------ TOTAL OTHER FINANCING SOURCES (USES) ------------ 154,000 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 1,044 555,549 VARIANCE 2,369 FAVORABLE ACTUAL-_ (UNFAVORABLE) 373,263 <118,262> 2,525 __ 175 __ 375,788 _____________ <118,087> 555,549 88,882 2,369 31 ____________ 557,918 ____ 88,913 <182,130> <29,174> 183,062 ____________ 29,062 _____________ 183,062 29,062 932 <112> THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 59 City of Cape Girardeau, Missouri. PARK IMPROVEMENTS FIND STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1990 VARIANCE FAVORABLE (UNFAVORABLE) ------------- 51,000 18 ------------- 51,018 ------------- 126 172 297 <48.685> THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 60 BUDGET ACTUAL .. ------------ REVENUES _-______-___ Miscellaneous 0 51,000 Interest ------------ 2,487 2,505 TOTAL REVENUES ------------ 2,487 ____-___--__ 53,505 -___-_-_-___ EXPENDITURES Current Capital outlay 179,643 179,517 Debt service Interest and fiscal charges 300 128 ------------ TOTAL EXPENDITURES 7.79,943 -___-___-___ 3.79,646 r ------------ --______-___ EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ------------ <177,456> <126,141> ______-_____ OTHER FINANCING SOURCES (USES) .. Transfers in 175,000 75,000 ------------ TOTAL OTHER FINANCING SOURCES -_______-___ .. (USES) ____________ 1.75,000 75,000 __-_________ EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES M AND OTHER FINANCING USES <2,456> <51,141> VARIANCE FAVORABLE (UNFAVORABLE) ------------- 51,000 18 ------------- 51,018 ------------- 126 172 297 <48.685> THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 60 City of Cape Girardeau, Hiow�u-i @THRI4tISN FINDS a"HINING ILH.4NCR SNFkI' .luny. 30, 1990 Ti1B NJFFS TO 1118 FINANCIAL STATHffi715 ARF AN IMGNAL PART OF THIS SIAT@OM 61 Total. Sewer Solid Hate Golf Cow.. Airport (M rand. Ouly) Food Fund Fond Fund 6-30-90 6-30-69 ASS8P3 Cash and in e.tnent. 2,597,693 417,567 0 110,759 3,126,019 4,167,061 Utility charge. rec, ivable (ret of allowaree for doubtful receivable,,) 143,091 156,974 0 0 300,065 315,046 Grant. receivable 0 0 0 35,105 35,105 f,149 Special ...t. receivable 25,611 0 0 0 25,611 5,245 Intereat receivable 52,868 4,573 0 0 57,441 31,375 Other zcneivablee 405 3 181 21,435 22,024 19,447 lwentorie. 0 0 2,007 0 2,007 4,091 Restricted asset. 207,632 0 0 0 207,632 206,886 Prepaid 86,579 24,639 1,513 5,867 118,598 143,386 3,113,879 603,756 3,701 173,166 3,894,502 4,961,666 Property, plant and egeaipaent Land 24,750 55,921 0 354,649 435,320 435,320 Buildi,g. 8,055,235 548,746 1,500 853,919 9,459,400 9,419,400 Impre .." other building. 9,366,812 0 318,734 3,489,902 13,175,446 10,984,855 8guilaent 560,961 1,542,985 190,414 62,885 2,357,245 1,947,972 Conutractios in progress 1,865,464 3,435 2,640 0 1,871,543 1,966,721 19,873,226 2,151,087 �_-513,28B 4,761,355 27,298,958 24,756,268 Lea. lotrd depreciation 5,739,420 -__- 744,043 - 164,609 ------ _ 2,411,545 9,059,617 8,176,192 14,133,806 1,407,044 - 348,679 _ -___- 2,349,810 18,239,339 _ 16,580,076 17,247,685 2,010,800 352,380 2,522,976 22,133,841 21,541,742 Ti1B NJFFS TO 1118 FINANCIAL STATHffi715 ARF AN IMGNAL PART OF THIS SIAT@OM 61 LIABILITIES AND FUND EQUITY Aeeowts payable Accrued liabilities PayrellI payrell tare. and benefits Interest payable Ocher liabilities Due to other fund. Advances payable to other fiord. @ beads payable Lurie pursha.. obligaties payable I- Prue, bonds payable Deferred revewe Fund equity Contributed capital Retaimd earnings R..e� Unreserved city of Cape GiraMeau, 8iea.wi ENTERPRISE FUNDS C INING HALMCE SHEET dun, 00. 1990 THE NOTES M TNR FINANCIAL CeATFMWm ARE AN INT m, PART OF THIS STATE!ffi11'. t2 Total, Sewer Solid Waste Golf Course Airport (8 ,srAm Only) Fwd Fwd Fund Fund 6-3 w 6-30-09 41,606 66,655 12,871 5,961 127,093 304,188 38,003 41,645 9,167 5,547 94,362 75,195 132,779 29,690 5,422 0 167,891 12/,669 34,033 0 0 0 34,033 33,661 1,033 46,105 39,569 586 87,295 335 0 6501000 189,000 0 839,000 526,000 1,290,000 0 0 0 1,290,000 1,320,000 142,921 65,473 173,149 0 361,543 529,775 4,143,180 1,279,127 0 0 5,422,307 5,766,334 0 0 0 578 578 578 2,316,780 0 0 260,572 2,577,352 1,357,939 11,667 0 0 0 11,667 10,000 9,095,683 (167,895) (76,798) 2,249,730 11,100,720 11,989,628 11,424,130 (167,895) (76,7981 2,510,302 13,689,739 12,857,617 17,247,685 2,010,800 352,380 2,522,976 22,133,641 21,541,742 THE NOTES M TNR FINANCIAL CeATFMWm ARE AN INT m, PART OF THIS STATE!ffi11'. t2 City of Calx=. Givarduau, Mivc.ou r� RN'IERPRISE FUNDS WMBINING STATEMENT OF REVENUES EXPENSES AND RETAINED EARNINGS FOR THE FISCAL YEU ENDED JUNE: 30, 1990 THE NOTES TO TNM FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS ETATEMENT. 63 TOTALS (MEMORANDUM ONLY) SEWER SOLID WASTR G)LF COURSE AIRPORT 1989-1990 OPERATING REVENUES Federal grants 0 0 0 171,332 171,332 State grants 0 0 0 242 242 Residentialharges 734,041 995664 0 0 1,729,705 Commercial chargee 503,896 `24,,553 0 0 1,028,449 Transfer station chargee O 101,249 0 0 101,249 Equipment sale. 0 0 8,008 0 8,008 Concession r venues 0 0 41,718 0 41,718 Golf curse fees 0 0 212,802 0 212,802 Other fee. and charges 32,696 0 0 7,373 40,068 Rental revenue 0 0 0 86,642 86,642 Donations 0 0 0 2,400 2,400 Other mi cellaneoua 2334 85 2,253 406 5,078 t Interneincome 272,,736 50,380 0 7,706 330,821 ---45_70 1,545,702 _---- 1,671,931 264,781 276,100 3,7505,51515 OPERATING EXPENSES Personnel services 511,411 627,607 125586 127,087 1,391,690 Materials d supplies 52,813 18,794 44,,760 10,422 126,790 Contractual services 208,895 434,161 20644 128,524 792,225 General operating expenses 32,425 45,682 37,,317 6,288 121,712 Special project. caPen.e 58,517 0 0 44,102 102,619 Internal service expense. 87809 223,302 51,225 3,741 366,078 Depreciation expense 483,,718 201,818 40,814 156,429 882,779 5551 1,435,588 1,551,365 320,347 320,347347 476,593 3,783,893 OPERATING INCOME (LOSS) 110,114 120,566 (55,565) (200,493) (25,378) NON-OPERATING EXPENSES Issuance cost amortization 13,186 6,079 0 0 19,265 Interest and handlin costs 435,437 153,065 25,830 3,266 617,598 448,623 159,144 25,830 3,266 636,864 INCOME LOSS) BEFORE OTHER FINANCING SOURCES (USES) (338,509) (38,579) (81,396) (203,759) (662,242) OTHER FINANCING SOURCES (USES) Transfer. in 95,000 O 0 180,000 275,000 95,000 0 0 180,000 275,000 NET INGOME (LOSS) (243,509) (38,579) (81,396) (23,759) (387,242) RETAINED EARNINGS AT BEGINNING OF YEAR 9,350,858 (129,317) 4,598 2,273,489 11,499,628 RETAINED EARNINGS AT END OF YEAR 9,107,349(167,896) (76,798) 2,249,730 11,112,386 THE NOTES TO TNM FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS ETATEMENT. 63 City of Cape Girardeau, Mise our i. INTERNAL SERVICE FUNDS COMBINING BALANCE SHEET June 30. 1990 Data Fleet Employee Total. Processing Management Insurance (Memorandum Only) Fund Fund Fund 6-30-90 6-30-89 ASSETS _____________ _____ _ _ _ _ __ _ _ _ ____ _ _ _ _ _______ ------------- _____ ____ASSETS Cash and investments 24,820 321,144 122,409 466,373 368,911 Interest receivable 158 1,255 473 1,886 0 Other receivables 0 7,704 0 7,704 7,885 Inventories 0 12,050 0 12,050 12,353 Prepaid ezpenees 46,669 81,286 0 129,955 107,397 ----------- 73,647 ----------- 423,439 ----------- 122,882 ___________ 619,968 ----------- - ________73,647 496,546 Property, Plant and equipment Land 0 37,500 0 37,500 37,500 Buildings 0 359,964 0 359,964 359,066 Improvements other buildings 0 17,270 0 17,270 15,150 Equipment 665,852 115,323 0 761,175 704,788 _ _ _ _665,852 ----------- __...------- 530,057 ----------- 0 ----------- 1,195,909 __ 1,116,504 Lees accumulated depreciation 220,252 165,482 0 385,734 302,061 445,600 _________ _ 364,575 ----------- 0 -__________ 810,175 ___ - - -_ 814,443 ___________ 519,247 ___________ 788,014 ___________ 122,882 _________ _ 1,430,143 _ _ _______ 1,310,989 ___ ------- LIABILITIES AND FUND EQUITY Accounts payable 13,545 92,996 96,818 203,359 129,071 Accrued liabilities Payroll, payroll taws and benefit© 4,675 30,860 0 35,535 29,879 Due to other funds 15,078 0 0 15,078 0 Fund Balance Unreserved 485,949 664,158 26,064 1,176,171 1,152,039 485,949 ----------- 684,158 ----------- 26,064 _ _________ 1,176,171 ___________ 1,152,039 - ------ --- 619,247 519,247 788,014 122,882 1,430,143 1,310,989 THE NOTES TO THE FINANCIAL STATEKENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 64 City of Cape Girardeau, Missouri INTERNAL SERVICE FUNDS COMBINING 5TATETffiNT OF REVENUES, EXPENSES AND RETAINED EARNINGS FOR THE FISCAL YEAR ENDED JUNE 30, 1990 TOTALS DATA FLEET EMPLOYEE (MEMORANDUM ONLY) PROCESSING MANAGEMENT INSURANCE 1989-1990 __________ _ ___________ ------------ ___________ �.�.. Kjw Interdepartmental aer,vices 179,200 818,791 507,222 1,505,213 Other mince llaneova 0 744 0 744 Interest income 3,097 ____________ ------------ 23,288 5,983 32,368 182,297 ------------ 842,823 513,204 ------------ __________182,297 1,536,325 OPERATING EXPENSRS Personnel services 41,687 274,075 0 315,762 Materials and supplies 3,528 316,386 O 319,914 Contractual services 71,264 235,096 487,140 793,500 General operating expeneee 3,287 745 0 4,032 Internal service expenses O 1,1.66 0 1,166 Depreciation expense 63,071 22,201 0 85,272 182,837 ------------ _ 849,668 __________ ------------ 487,140 1,519,645 ____________ OPERATING INCOME (LOSS) (540) (6,844) 26,064 18,680 NON-OPERATING EXPENSES Interest and handling coat. 3 ------------ ------------ 0 _----------- 0 3 ____________ INCOME (LOSS) BEFORE OTHER FINANCING SOURCES (USES) (543) (6,844) 26,064 18,677 OTHER FINANCING SOURCES (USES) Sale. of fixed assets 0 514 0 514 Cnmpen.ation for damage. 0 4,941 0 4,941 ------------ __ 0 0 ------------ _ _________ _________ 5,455 __________ __ _ 0 ________ ____- __- ------------ 5,455 ------------ - - - _- _NET NET INCOME (LOSS) (543) (1,390) 26,064 24,132 RETAINED EARNINGS AT BEGINNING OF YEAR 486,492 ------------ _____ 665,548 _ _ _ ------------ 0 1,152,040 ____ __ --- RETAINED EARNINGS AT END OF YEAR 485,949 664,158 26,064 1,176,171 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT_ 65 City of Gape Girardeau, Missouri TRUST AND AGENCY FUNDS COMBINING BALANCE SHEEP June 30, 1990 Deferred Deferred Compensation Compensation _ fimd Fund 6-30-90 6-30-89 ASSETS Cash and investmenta LIABILITIES Deferred c pensation due employees 235,404 164,862 235,404 164,862 THE NOTES TO THE FINANCIAL STATKMWM ARE AN INTEGRAL PART OF THIS STATRWRT. 66 OFFICES IN (AI'E NI.EAO MISSWHI ST, LCOIS. MISSIXIHI SPWNGFIELO,IWNOIS MII WAOI(FE WISCONSIN WASMINNTON, BE KERBER, ECK & BRAECKEL CF.RTIFIED PUBLIC ACCWMANIS 1201 BROADWAY CAPE GIRARDEAU, MISSIXmW 61101 INDEPENDENT AUDITORS' REPORT ON SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri MFMBERS AMERICAN' INSIrtVIE OF CFNTIFIFO R11 LIC ACCOOIANTS 114 ]3<LSBB We have audited the general purpose financial statements of the City of Cape Girardeau, Missouri for the year ended June 30, 1990, and have issued our report thereon dated September 7, 1990. These general purpose financial statements are the responsibility of City of Cape Girardeau, Missouri's management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards and Government Auditing Standards, issued by the Comptroller General of the United States, and the provisions of Office of Management and Budget Circ,,Iar A-128, "Audits of State and Local Government." Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. An audit in accordance with these standards includes examining, on a test basis, evidence supporting the amounts and disclosures in the general purpose 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. Our audit was made for the purpose of forming an opinion on the general purpose financial statements of the City of Cape Girardeau, Missouri taken as a whole. The accompanying schedule of federal financial assistance is presented for purposes of additional analysis and is not a required part of the general purpose financial statements. The information in that schedule has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is fairly stated in all material respects in relation to the general purpose financial statements taken as a whole. Cape Girardeau, Missouri September 7, 1990 M i 1 i 1 1 1 1 i 1 1 1 City of Cape Girardeau, Missouri SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE June 30, 1990 Federal Program CFDA or Award Balance Federal Grantor/Pase-Through Grentor/iltle Number_ Amount June 30, 1989 Receipts Disbursements, Erpenditurea Balance June 30, 1990 Department of Housing and Urban Development Passed through Missouri Department of Economic Development Community Development Block Grant CDA -106 -56;87 -ED -06 14.219 $ 346,868 £ (31,931)4 0 S 114 S (32,045) Community Development Block Grant CDA -104 -43;86 -NO -09 14.219 314.000 (14,507) 4,250 4,250 (14,507) Community Development Block Grant CDA -252-53; 88-EQ09 14.219 487,900 (10,491) 369,638 552,016 (192,869) Community Development Block Grant CDA -213-65; 66 -ED -10 14.219 205,000 (6,235) 0 1,424 (7,659) Community Development Block Grant CDA -104 -66;86 -ED -11 14.219 293,365 (6,780 098 _ (6,87 Total U.S. Department of Housing and Urban Development (38,013) 373,888 557,788 (221,913) Department of Transportation Federal Aviation Administration - Air Traffic SeMces DTFA09-90-C20004 111,166 0 76,061 64,782 11,279 Air Trefflc Se Mces DTFA09-85-C20307 146,591 0 67,188 67,168 0 Airport Mester Plan 3-29-0013-03 55,755 (2,738) 28,084 31,205 (5,859) Air Development Aid 3-29-0013.02 456,611 (27,789) 10,470 11,633 (28,952) Passed through Missouri Department of Public Safety Cape Girardeau Comprehensive Community Traffic Safety 89-90-09-03 20.600 75,000 0 25,543 25,543 0 Cape Girardeau Comprehensive Community Traffic Safety 90-90-09-06 20.600 115,000 0 79,203 83,643 (4,440) Passed through the Missouri Highway and Transportation Department Public Tatd Coupon Transportation Program MO.18-X007-4CG 20.509 52,500 (963) 52,500 198,544 (147,007) MO-18-X005-4CG 20.509 52,500 0 0 1,001 (1,001) Federal Aid Urban Program FAU Grant -M1505(003) 20.205 0 (6,173) (670) (6,843) FAU Grant - M1518(002) 20.205 0 (85,050) 0 0 _ 85,050) Total U.S. Department of Transportation (122,713) 338,379 483,539 (267,8]3 69 ( 1 1 1 1 I 1 i 1 II 1 f 1 1 f Y City of Cape Girardeau, Missouri SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE June 30, 1990 Federal Program CFDA or Award Balance Disbursements, Balance Federal Grantor/Pass-Through GrantorMtle Number Amount June 30, 1989 Receipts Expenditures June 30, 1990 Department of Justice Passed through Missouri Department of Public Safety M otlm/Witness Assistance 15.916 4,498 (1,617) 0 2,914 (4,531) Project EDICT 0 0 8,679 8,679 0 Total U.S. Department of Justice (1,617) 8,679 11,593 (4,531) Department of the Interior Geological Survey Joint Funding Grants MO -89-03400; 0-4629-0100 17,700 0 0 13,100 (13,100) MO -88-03300 20,000 0 0 3,400 (3,400) 22,000 0 0 16,500 16,500 Total U.S. Department of Intedor 0 0 33,000 (33,000 TOTAL FEDERAL FINANCIAL ASSISTANCE £ (162,343 720,946 £ 1.085 920 £_ (527,317) 70 KERBER, ECK & BRAECKEL CERTIFIED PUBLIC ACCWMAll 1221 BROADWAY OFFICES IN MEMBEIA AMERICAN CAPE GIRARDEAU, MISSOURI CAPE GIRARDEAU, MI.S4%JRI 43701 INSIiRrt£ OF CEIttI Fll[O ST LOUIS, MLSSOCEJ RIBLIC ACCOVNIANTS S PRINTFII,., IOJ.S MILWAOI(EE. WISCONSIN 314334-0568 WASHINGTON, DC. INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH LAWS AND REGULATIONS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS ISSUED BY THE GAO Honorable Mayor and Members -. of the City Council City of Cape Girardeau, Missouri We have audited the financial statements of the City of Cape Girardeau, Missouri as of and for the year ended June 30, 1990, and have issued our report thereon dated September 7, 1990. We conducted our audit in accordance with generally accepted auditing standards and Government Auditing Standards, issued by the Comptroller General of the United States, and the provisions of Office of Management and Budget Circular A-128, "Audits of State and Local Governments". Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. Compliance with laws, regulations, contracts, and grants applicable to the City of Cape Girardeau, Missouri is the responsibility of the City of Cape Girardeau's management. As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we performed tests of the City of Cape Girardeau's compliance with certain provisions of laws, regulations, contracts, and grants. However, it should be noted that our objective was not to provide an opinion on overall compliance with such provisions. The results of our tests indicate that, with respect to the items tested, the City of Cape Girardeau complied, in all material respects, with the provisions referred to in the preceding paragraph. With respect to items not tested, nothing came to our attention that caused us to believe that the City of Cape Girardeau had not complied, in all material respects, with those provisions. 71 INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH LAWS AND REGULATIONS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS ISSUED BY THE GAO - CONTINUED This report is intended for the information of management. This restriction is not intended to limit the distribution of this report, which is a matter of public record. Cape Girardeau, Missouri September 7, 1990 K ".4 -i�� 72 KERBER, ECK & BRAECKEL CERTIFIED PUBLIC ACCWNI'ANTS 1001 BROADWAY OFpICF51N ME MflEK .W EIUN CAVE GIP/.ROFnu. MLsynlnl CAPE GIRARDEAU, MI.S.V%Jm 637011TI1rtE OF I:F.oEO SI'. LCVI]. M NPJflI--IC A[:('R%INIANIS ELO.(ILLINOIS MILWAULWAOI(F$ WISCONSIN 314334L566 WAHIN4 N,DC INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH THE GENERAL REQUIREMENTS APPLICABLE TO MAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri We have applied procedures to test the City of Cape Girardeau, _ Missouri's compliance with the following requirements applicable to each of its major federal financial assistance programs, which are identified in the schedule of federal financial assistance, for the year ended June 30, 1990: political activity, Davis -Bacon Act, civil rights, cash management and federal financial reports. Our procedures were limited to those set forth in the Office of Management and Budget's Compliance Supplement for Single Audits of State and Local Governments. Our procedures were substantially less in scope than an audit, the objective of which is the expression of an opinion on the City of Cape Girardeau's compliance with the requirement listed in the preceding paragraph. Accordingly, we do not express such an opinion. With respect to the items tested, the results of those procedures disclosed no material instances of noncompliance with the requirements listed in the first paragraph of this report. With respect to items not tested, nothing came to our attention that caused us to believe that the City of Cape Girardeau had not complied, in all material respects, with those requirements. - This report is intended for the information of management. This restriction is not intended to limit the distribution of this report, which is a matter of public record. �n./,. Cape Girardeau, Missouri September 7, 1990 73 OMCES IN CAPF. GIINRDf U. MIS SOUP! St. LWIS, MP`NJ 1 SPMNGFIELG, IW MILWAUKEE. WISCONSIN wASwN.N, OC KERBER, ECK & BRAECKEL CERTIFIED PUBLIC ACC %INTANtS 1221 BROADWAY CAPE GIRARDEAU, MISSOURI 63701 MEMMNA AMERIUN INsT OF CERRULD PINLIC ACCUIMAMS x11IU4ese INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH SPECIFIC REQUIREMENTS APPLICABLE TO MAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri We have audited the City of Cape Girardeau, Missouri's compliance with the requirements governing types of services allowed or unallowed; eligibility; matching, level of effort, or earmarking; reporting; claims for advances and reimbursements; and amounts claimed or used for matching that are applicable to each of its major federal financial assistance programs, which are identified in the accompanying schedule of federal financial assistance, for the year ended June 30, 1990. The management of the City of Cape Girardeau is responsible for the City's compliance with those requirements. Our responsibility is to express an opinion on compliance with those requirements based on our audit. We conducted our audit in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and OMB Circular A-128, Audits of State and Local Governments. Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether material noncompliance with the requirements referred to above occurred. An audit includes examining, on a test basis, evidence about the City's compliance with those requirements. We believe that our audit provides a reasonable basis for our opinion. The results of our audit procedures disclosed no instances of noncompliance with the requirements referred to above. In our opinion, the City of Cape Girardeau, Missouri complied, in all material respects, with the requirements governing types of services allowed or unallowed; eligibility; matching, level of effort, or earmarking; reporting; claims for advances and reimbursements; and amounts claimed or used for matching that are applicable to each of its major federal financial assistance programs for the year ended June 30, 1990. Cape Girardeau, Missouri September 7, 1990 74 KERBER, ECK & BRAECKE1- CERTIFIED PURI IC ACCWMANTS 1221 BROADWAY OFFICES IN MF.MAL 0.ti AMEPICAN CAPE GIRARDEAU MISSOURI CAPE GIRARDEAU, MISSOURI 63901 RInT1 F. OE M.FIED NT LQ RS. MISSIXIW RIDLIC ACCIXINIAMS SPPINOFI IW MILWAUKFE, WISQINSINSIN 310334L880 WASHWGIVN, Of. INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE TO NONMAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri In connection with our audit of the 1990 financial statements of the City of Cape Girardeau, Missouri, and with our study and evaluation of the City's internal control systems used to administer federal financial assistance programs, as required by Office of Management and Budget Circular A-128, Audits of State and Local Governments, we selected certain transactions applicable to certain nonmajor federal financial assistance programs for the year ended June 30, 1990. As required by OMB Circular A-128, we have performed auditing procedures to test compliance with the requirements governing types of services allowed or unallowed and eligibility that are applicable to those transactions. Our procedures were substantially less in scope than an audit, the objective of which is the expression of an opinion on the City's compliance with these requirements. Accordingly, we do not express such an opinion. With respect to the items tested, the results of those procedures disclosed no instances of noncompliance with the requirements listed in the preceding paragraph. With respect to items not tested, nothing came to our attention that caused us to believe that the City of Cape Girardeau had not complied, in all material respects, with those requirements. This report is intended for the information of management. This restriction is not intended to limit the distribution of this report, which is a matter of public record. Cape Girardeau, Missouri September 7, 1990 I" 6�4 1 � 75 KERBER. ECK & BRAECKEL CERTIFIED PUBLIC ACCOUNTANB'S 1221 BROADWAY OFFICFS IN MFM9E G AMERIGN Cu'E GIIIAFB U, MIS.. CAPE GIRARDEAU, MISSOURI 63701 11`C11 OF CFMIFI. ST. LO NS. MISfi011R1 PUBLIC WC WANTN r SPRINGEIE, ,, IL IJNOIS MILWAU E WI.SSIN ]t,d ]OU56B WASHWGION, U. C. INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL STRUCTURE RELATED MATTERS NOTED IN A FINANCIAL STATEMENT AUDIT CONDUCTED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Honorable Mayor and Members of the City Council >. City of Cape Girardeau, Missouri We have audited the financial statements of the City of Cape Girardeau, Missouri for the year ended June 30, 1990, and have issued our report thereon dated September 7, 1990. We conducted our audit in accordance with generally accepted auditing standards and 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. In planning and performing our audit of the financial statements of the City of Cape Girardeau, Missouri for the year ended June 30, 1990, we considered its internal control structure in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide assurance on the internal control structure. The management of the City of Cape Girardeau, Missouri is responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of internal control structure policies and procedures. The objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, and that transactions are executed in accordance with management's authorization and recorded properly to permit the preparation of financial statements in accordance with generally accepted accounting principles. Because of inherent limitations in any internal control structure, errors or irregularities may nevertheless occur and not be detected. Also, projection of any evaluation of the structure to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the effectiveness of the design and operation of policies and procedures may deteriorate. 76 INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL STRUCTURE RELATED MATTERS NOTED IN A FINANCIAL STATEMENT AUDIT CONDUCTED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS - CONTINUED For the purpose of this report, we have classified the significant internal control structure policies and procedures in the following categories. General Petty cash Bank accounts Cash receipts ,. Cash disbursements Investments Revenues and receivables Property and equipment Purchasing, receiving and accounts payable Payrolls Budget Electronic data processing For all of the control categories listed above, we obtained an understanding of the design of relevant policies and procedures and whether they have been placed in operation, and we assessed control risk. our consideration of the internal control structure would not necessarily disclose all matters in the internal control structure that might be material weaknesses under standards established by the .. American Institute of Certified Public Accountants. A material weakness is a reportable condition in which the design or operation of one or more of the specific internal control structure elements does not reduce to a relatively low level the risk that errors or y irregularities 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 structure and its operation that we consider to be material weaknesses as defined above. This report is intended for the information of the management. This restriction is not intended to limit the distribution of this report, which is a matter of public record. ., Cape Girardeau, Missouri September 7, 1990 77 KERBER, ECK & BRAECKEL CFRTFIF.D POBLIC ACCW N7S 1221 BROADWAY OFFICF_S IN MEMBERS ME IFN fME 61 MPDFau. MISSgIN GPF GIRARDGAU, MISSOURI 63'!01 INSTtOFF CEFfIFIEO 51', LOIPS. MISSCVN RIBUV LIC ACCQINtAMS SPIUNOFIE LB, IWN MILW.LLIKFE. WISOJNSISIN 3I4334-0566 wAs6wcrorv, oc. INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROLS (ACCOUNTING AND ADMINISTRATIVE) -BASED ON A STUDY AND EVALUATION MADE AS A y PART OF AN AUDIT OF THE GENERAL PURPOSE FINANCIAL STATEMENTS AND THE ADDITIONAL TESTS REQUIRED BY THE SINGLE AUDIT ACT Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri We have audited the general purpose financial statements of the City of Cape Girardeau, Missouri for the year ended June 30, 1990, and have issued our report thereon dated September 7, 1990. As part of our audit, we made a study and evaluation of the internal control systems, including applicable internal administrative controls, used in administering federal financial assistance programs to the extent we considered necessary to evaluate the systems as required by generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, the Single Audit Act of 1989, and the provisions of OMB Circular A-128, Audits of State and Local Governments. For the purpose of this report, we have classified the significant internal accounting and administrative controls used in adminis- tering federal financial assistance programs in the following categories: Cycles of the Entities' Activity Treasury or financing Revenue/receipts Purchase/disbursements External financial reporting Financial Statement Captions Cash and cash equivalents Receivables Property and equipment Payables and accrued liabilities Debt Fund balance Accounting Applications Billings Receivables Cash receipts Purchasing and receiving 78 INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROLS (ACCOUNTING AND ADMINISTRATIVE) -BASED ON A STUDY AND EVALUATION MADE AS A PART OF AN AUDIT OF THE GENERAL PURPOSE FINANCIAL STATEMENTS AND THE ADDITIONAL TESTS REQUIRED BY THE SINGLE AUDIT ACT - CONTINUED 3. Accounting Applications - Continued Accounts payable Cash disbursements Payroll Property and equipment General ledger Controls Used in Administering Federal Programs General Requirements Political activity Davis -Bacon Act Civil Rights Cash management Relocation assistance and real property acquisition Federal financial reports Major Federal Assistance Programs Eligibility Types of services Matching level of effort Reporting The management of the City of Cape Girardeau, Missouri, is responsible for establishing and maintaining internal control systems used in administering federal financial assistance programs. In fulfilling that responsibility, estimates and judgment by management are required to assess the expected benefits and related costs of control procedures. The objectives of internal control systems used in administering federal financial assistance programs are to provide management with reasonable, but not absolute, assurance that, with respect to federal financial assistance programs, resource use is consistent with laws, regulations and policies; resources are safeguarded against waste, loss and misuse; and reliable data are obtained, maintained and fairly disclosed in reports. Because of inherent limitations in any system of internal accounting and administrative controls used in administering federal financial assistance programs, errors or irregularities may nevertheless occur and not be detected. Also, projection of any evaluation of the systems to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the degree of compliance with the procedures may deteriorate. Our study included all of the applicable control categories listed in the first paragraph. During the year ended June 30, 1990, the City of 79 INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROLS (ACCOUNTING AND ADMINISTRATIVE) -BASED ON A STUDY AND EVALUATION MADE AS A PART OF AN AUDIT OF THE GENERAL PURPOSE FINANCIAL STATEMENTS AND THE ADDITIONAL TESTS REQUIRED BY THE SINGLE AUDIT ACT - CONTINUED Cape Girardeau, Missouri expended 69% of its total federal financial assistance under major federal financial assistance programs and the following nonmajor federal financial assistance program: Department of Transportation Urban Mass Transit Grants. With respect to internal control systems used in administering these major and nonmajor federal financial assistance programs, our study and evaluation included considering the types of errors and irregularities that could occur, determining the internal control procedures that should prevent or detect such errors and irregularities, determining whether the necessary procedures are prescribed and are being followed satisfactorily, and evaluating any weaknesses. With respect to the internal control systems used solely in administering the other nonmajor federal financial assistance programs of the City of Cape Girardeau, Missouri, our study and evaluation was limited to a preliminary review of the systems to obtain an understanding of the control environment and the flow of transactions through the accounting system. Our study and evaluation of the internal control systems used solely in administering these nonmajor federal financial assistance programs of the City of Cape Girardeau, Missouri did not extend beyond this preliminary review phase. Our study and evaluation was more limited than would be necessary to express an opinion on the internal control systems used in administering the federal financial assistance programs of the City of Cape Girardeau, Missouri. Accordingly, we do not express an opinion on the internal control systems used in administering the federal financial assistance programs of the City of Cape Girardeau, Missouri. Further, we do not express an opinion on the internal control systems used in administering the major federal financial assistance programs of the City of Cape Girardeau, Missouri. Also, our audit, made in accordance with the standards mentioned in the first paragraph, would not necessarily disclose material weaknesses in the internal control systems for which our study and evaluation was limited to a preliminary review of the systems as discussed in the fifth paragraph of this report. Our study and evaluation and our audit disclosed no conditions that we believe result in more than a relatively low risk that errors or irregularities in amounts that would be material to a federal financial assistance program may occur and not be detected within a timely period. INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROLS (ACCOUNTING AND ADMINISTRATIVE) -BASED ON A STUDY AND EVALUATION MADE AS A PART OF AN AUDIT OF THE GENERAL PURPOSE FINANCIAL STATEMENTS AND THE ADDITIONAL TESTS REQUIRED BY THE SINGLE AUDIT ACT - CONTINUED This report is intended solely for the use of management and should not be used for any other purpose. This restriction is not intended to limit the distribution of this report, which, upon acceptance by the City of Cape Girardeau, Missouri, is a matter of public record. Cape Girardeau, Missouri September 7, 1990 81 City Of Cape Of t nrdeau, Missouri STATEMENT OF INSURANCE COVERAGE For Yea, "Oli June 30, IWO ISSUE EXPIRATION DATE DATE COMPANY AND POLICY NUMBER COVERAGE Oecasber 1, 19M December 1, 1991 The Aetna Casualty and Surety Cumpeny Employee dishonesty; City Manager, $50,000; Bard M 51FID0548939 MCA Comntrotler, City COLLector/TrOasurer, and City Clerk, 540,000 August 1, 1989 August 1, IWO Hartford Accident and! Indemnity Company Workmen's camEmbiotion and employers POticy A 37-WZ-ADS316 liability - statutory Jut, 1, 1989 July 1, 1990 Hartford Steam Boiler ❑apFection an' Saaage treatment plant - S1,000,000 limit; Insurance Cpgwny; Policy # SL -9223237-16 $1,000 dedt¢tibte April 1, IWO April 1, 1991 U.S. Fidelity anal Guaranty Caryarry Automobile insurance - liability 5800,000 per Policy k IAB3000IGn2O0 accident, full comsehensive en' coltision coverage; uninsured motorist, 525,000 per accident June 30, IWO June 30, 1991 General Insurance company of America Airport liability AM property damage, Policy N API 093686 51,500,000 for each occurrence August 28, 1989 August 28, 1990 The Aetna Casualty ern' Surety Camaapy Surety Bond - Assistant City Manager, 540,000 Ban' 4 5100198828 August 29, 1989 August 29, IWO U.S. Fidelity an' Guaranty Company Contractor equipment Policy R CIM 11260W92 July 1, 1989 July 1, 1990 U.S. Fidetity an' Guaranty Company Mobile Property Floater Policy - radial, Policy # CIN 11260277600 $206,966; $100 deductible March 8, IWO March 8, 1W1 Commercial Union Insurance Company Cape Girardeau Municipal Band, musical Policy k CTue93969 instruments floater, 514,184 September 29, 1987 Septmber 2Q IWO Aetna Casualty and Surety Company Public Employee Blanket Bond, $20,000 Bora R F/00458137 December 17, 1989 December, 17, 1990 Transamerica Ins...rch Company Airport Control Tarer, Siegle limit bodily Policy M 120 6520 injury and property damage, $1,000,000; no deductible May 8, IWO May 8, 1991 Hanover Insurance Caryairly Cape Girardeau Public Library buildings and Policy C 20L -239`22-W Contents 51,050,000 limit, 90X coinsurance an \ kill (dims, $160,000 limit, 90X Coinsurerce on contente January 1, 1 W January 1, 1 W Missouri Public Entity Risk Management Police Professional Liability, $10,000 FUM; Policy R 1049 deductible; FJIdic officials errors end aanissims only, $10,000 deductible; general Liability, 550,000 dehetibLe; 114HOK 00 per occurrence NOT it 10, 1989 July 1, 1990 Hartford Accident and Irdcmlty cmpany Cape Girardeau Police Reserves, $10,000 Policy k 114-Sk�961027 maximum; $25 dductible 83 84 City of CA, Girardeau, Missouri STATEMENT OF INSURANCE CO EME - CONUItUEO For Year ended June 30, IWO July Z2, 1989 June 30, IWO Louaermens Mutual Casualty Conary E.D-P. Policy; $350,000 hardware; $150,000 Policy # 3AT-581-143-01 software, $1,000 deductible; $2,500 dedaRtibte for arachanicat breakdown w Jure 1, 1989 Just, 30, IWO Luaberces. Nutuat CarsaitY Cot(anY Blanket - various WildiNs, ard content+ - Policy # 3VT-071.720-01 $11,452,488, 90% coinsurance; $25,000 deductible a Jure 30, 1989 June 30, IWO Guaranty national Insurance Cmpany Trickling filter building - Southeast Carrier, Policy # 240801848099 Pacific Street said Missouri Pacific Raitreaa, $100,000; $500 deductible Jure 30, 1989 Jame 30, IWO Guaranty National Insurance Compenry Garage and shop flood insurance - Southeast policy N 290801&.8389 Corner, Cooper Street and Missouri Pacific Railroad, S90,200; $500 deductibte ti Jura 3C, 1989 Jule 30, 14911 Guaranty National IMVrarce Co isaw pu,p station - Southeast Corner, Pacific Policy # 290801848289 Street and Missouri Pacific Railroad, +" $100,000; $500 dockctil,te J. 30, 1989 June 30, IWO Guaranty National Insurance CoiMreny Laboratory Wildim - Southeast Corner, policy # 290$801848189 Cooper Street and Missouri Pacific Roitread, $100,000; $SOO deductible Jure 30, 1989 Jute 30, IWO Guaranty National Insurance Conpsny Vacunvincinerator - Southeast Carrier, Policy N 290801848489 Pacific Street and Missouri Pec if is Railroad, $100,000; SSW deductible July 1, 1989 July 1, IWO The Mina CasusltY and SuretY Gamy Pulatic Eaptoyee Starxet BOM, $10,000 Bold # F100567101 Joe, 30, IWO Jure 30, 1991 euerant, National Insurance Ccnpmry TricksfW filter Wilding - Southeast Carrier, - Policy # 290801848090 Pacific Street and Missouri Pacific Railroad, 5100,000; $500 dctluctibte June 30, IWO June 30, 1941 Guaranty National Imuronce Ca1anY Geraga +M shop flood irewmce - Sartheast _ Policy # 290801848390 Corner, Cooper Street and Missouri Pacific Railroad, S90,200; $500 dedJctibte June 30, IWO J. 30, 1991 Guaranty National Insurance Corp+ny Pmp station - Southeast Carrier, Pacific Policy # 244801848290 Straat and Niseauri Pacific Railroad, $100,000; 5500 dtdue tibia June 30, IWO Jure 30, 1991 Guaranty National Insurance COMpany Laboratory Wilding ' Southeast Corner, policy it 290801848190 Cooper Street and Missouri Pacific Railroad, 5100,000; $SOO deductible June 30, IWO Jura 30, 1991 Guaranty National Seuur9ace cagann, YacuMNinciaerator - Southeast Career, Policy # 290801848490 Pacific Street and Missouri Pacific Railroad, $100,000; $500 deductible 84