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FINANCIAL STATEMENTS AND AUDITORS' REPORT CITY OF CAPE GIRARDEAU, MTSSCJURI June 30, 1989 C O N T E N T S Page FINANCIAL SECTION INDEPENDENT AUDITORS' REPORT g GENERAL PURPOSE FINANCIAL STATEMENTS COMBINED BALANCE SHEET - ALL FUND TYPES AND LONG-TERM DEBT ACCOUNT GROUP g 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 CHANGES IN FINANCIAL POSITION - ALL PROPRIETARY FUND TYPES 14 NOTES TO FINANCIAL STATEMENTS 15 COMBINING .AND INDIVIDUAL FUND STATEMENTS GENERAL FUND STATEMENT OF REVLNUE'.S AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 38 SPECI.AL REVENUE FUNDS COMBINING BALANCE SHEFT 39 COMBINING STATEMENT OF REVENUES AND EXPENDITURES AND FUND BALANCE 40 COMIENTION/TOURISM SPECIAL REVENUE FUND - STATE- MENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 42 C O N T E N T S 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 - STATEN OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 46 LIBRARY SPECIAL REVENUE FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 47 FLOOD PROTECTION SPEZ�IAL REVENUE, FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) .AND ACTUAL 48 VISION 2000 SPECIAL REVENUE FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 49 RT. K LIGHTING SPECIAL REVENUE FIND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 50 DEBT SERVICE FUND DEBT SERVICE FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 51 CAPITAL PROJE(`TS FUNDS COMBINING BALANCE SHEET 52 COMBINING STATEMENT OF REVENUES AND EXPENDITURES AND FUND BALANCE 53 C O N T E N T S Page CAPITAL PROJECTS FUNDS - Continued GENERAL CAPITAL IMPROVEMENT FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 54 STREET IMPROVEMENTS FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 55 FAU STREET GRANTS FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 56 COMMUNITY DEVELOPMENT BLOCK GRANT FUND - STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 57 PARK IMPROVEMENTS FUND - STATEMENT OF REVENUES .AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL 58 ENTERPRISE FUNDS COMBINING BALANCE SHEET 59 COMBINING STATEMENT OF REVENUES AND EXPENSES AND RETAINED EARNINGS 61 INTERNAL SERVICE FUNDS COMBINING BALANCE SHEET 62 COMBINING STATEMENT OF REVENUES AND EXPENSES AND RETAINED EARNINGS 63 TRUST .AND AGENCY FUNDS COMBINING BALANCE SHEET 64 SINGLE AUDIT SECTION INDEPENDENT .AUDITORS' REPORT ON SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE 65 SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE 66 C O N T E N T S 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 INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH THE GENERAL REQUIREMENTS APPLICABLE TO MAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH SPECIFIC REQUIREMENTS APPLICABLE TO MAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH RFQUIREMENTS APPLICABLE TO NONMAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL STRUCTURE RELATED MATTERS NOTED IN A FINANCIAL STATEMENT AUDIT CONDUCTED IN ACCORDANCE WITH GOVERNMENTAL AUDITING STANDARDS 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 SUPPLEMENTAL INFORMATION STATEMENT OF INSURANCE COVERAGE Page ME 70 tEl 72 73 75 79 KERBER, ECK & BRAECKEL CERTIFIED PUBLIC ACCOUNTANTS 1221 BROADWAY OFPICES IN ME MB AMERI( CAPE OIRARDEAU. Ml 5 w CAPE GIRARDEAU. MISSOUM 63701 INyZRVIE OF CERTIFIED ST. LOUIS. MLSSOUIU POBLIC ACCOUMAMS r SFWNT:FlEId, IWNOIS MILWNIKFE WISCONSIN 31�3M588 WASHINOTOK OC Independent AuditorsReport Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri We have audited the accompanying general purpose financial statements and the combining and individual fund and account group financial statements of the City of Cape Girardeau, Missouri as of June 30, 1989, 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. 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, 1989, and the results of its operations and changes in financial position 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 indivi- dual funds and account groups of the City of Cape Girardeau, Missouri as of June 30, 1989, and the results of operations of such funds and changes in financial position 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 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 15, 1989 <Q'� / F RWtilG-,g — 7 �� of Cnpe 6 fav xaq r_saaa OW RALANCE ALL .LnU 11111 i a _6.&7 UrBi At LO L9i IS"' lune 30 "HE '.i" -S F,. "I'll ill SS ax Fee6is "S An lxi ecaAL PA.i oe ix 19 s. AS en en'i. a Fid--I Ow ernmenx al Fwd iY Pe.. Pm P-1-111 ?ucd ix es Ftnd -11. 9cmuv. Ltou '.. ato ecael e t <ep IIal ID[etn al 1 tubi aM metal --- � emo-.1- an w 6w.,.a1 ree.w.re 1-1- 5eta-e 9--1 _- .at-wt_1m seta-¢ _+xeaa ..,as -m 9ebx omrid ¢9665 11eD avd inv estm en e. ..1b 11 1.191,499 1..916,016 133,-1i 136 ,02. 55.661 366,911 0 0 4,151,966 e -e ax aD les, net - allI..I- fet oubtfui tn[ewaDles Reel est a[e, etbonal 'tope tt, a met -Den¢ tox es in -.e [) 4i ,914 92 ,2 20 xb ,..- 00 0 305 Sales [ex 966.461 0 0 0 0 0 0 0 366,161 tan- ae azes 1,033,363 0 0 0 0 0 0 0 1,013,363 Ila to ll,am-tel, and rests want tex 0 49,J 11 0 0 0 0 0 0 99,915 0 pt Fuel tex 0 46,446 0 0 0 0 0 48,494 0 or veD lc le I -e- fees 1 11,366 0 0 0 0 0 11.166 - -t veDtcle sal ee rnx 19,6690 0 0 0 0 0 1J, G69 "'It" cat es acenaD le 0 0 0 0 315,046 0 316,046 tan s to b able 20,SJ6 0 0 95,463 6f, 149 0 144,949 ¢cal as se asm en re cn x[aele 0 0 494,761 5,245 0 0 e 460,006 In intent taeetx a -It 1G6 5,125 1,311 dl ,]SS 0 1 0 47,969 - ea re- ava Ole 0 0 2901301 G 0 0 240,]m .ae .tem .111- fume tent- it 6a 6,:01 0 00 0 635,100 O [pet roc etx aDles 7,159 b 0 0 19,44] 7,.5 0 0 39,491 nv an o cs 0 0 0 4,091 L2,'_631 0 16,114 es r ted ta,D wd tnv es tin en[1 265,565 7 1 ,416 1, 940,15fi 2.164,116 4,196,263 0 164.362 0 10,550,719 1- -I ea ..... 49,062 L0,S29 0 a 13,366 307,39, 0 0 iN S70 F tied as e[ , "I o ac_wnlated dept ecmtma [ante 0 0 0 IS,DIE ISE 814,442 D 0 17,394,519 emnw. axatmele 11'-1 se[„ta unc 0 0 0 0 0 0 0 4.z96.52z 4.346.szz e.awt [n be b""ld• n 'ti, am a I I, en etas 1-ng-te rmfdebt 0 0 0 0 0 0 0 6,992,177 6,942,11 A1111t to be pl-H,d fer fu[ute pal n6 01 coin pe nsatea absences 0 0 0 0 0 0 0 346.500 349,7- assets ],ti20 ,S41 3,169,275 4,315.331 3,103,991 21,541,743 1,210,990 164,362 IL SB7,69a ---------- 47,912,)32 "HE '.i" -S F,. "I'll ill SS ax Fee6is "S An lxi ecaAL PA.i oe ix 19 s. AS en en'i. a u.aonrt:3s .,nH FHevn RHr as Aca ue to !lam l; t: es k rol 1, ir'o 11 taxes ¢nc beneLl t.. In¢xe s[ pa able I.. t lits- ..I. ue .o otp et 3m etrw eats Oue [n o[b et Fun s race On vntow aaevelapaepc noteaY mle e. enae n e pavaH rote Et ¢e..e uc a obl3 gntLon paeeble ino cast ,ua c,a ee ao nae p¢l able [n to 61 enetal obl,sanon hoods parable Inot e anal as Folds '-11, ino to F, mtIi „ae: atter nn ePu.Y eta thea ee.nia4, nteseeaea 1,,1- e E -H -ea 1. n t esetaed Total Cuna IT aty oral and l:aba it ies T £wa e9t¢tY ,t, oI AIR. i ava enu, Y:....o dA "RCC 3. .,,,,ITT Au 111. PATH, A3 nn -FA, "HT ",A',,,,Rale e H .HE nOTCS To THE FINANCIAL _TATEe CATS ARE AS 1.1TFCRAL PART 9F THIS _TATR' ENT. F mne_at> m.erl ental Fvm mryes eroplie[u, Elld Tepe. F -d T.pe account moup --------------------------------------------------------- ----------------------------- -------------- ______________ Tnt"' .e.nl Eabt .p :tal nterw.T _ 11 and enera i_h em ptl vm F -A-1 EAT on0e Sem .ce r-,t.I lPlOtpaee be ct ,ce A4enry _m u�[erm Lebt Onla 111,777 130,]07 h66 3, 7, 9 299, L99 129,PI1 0 0 '07,009 79,A99 45.730 0 0 76,195 29,579 !HT 'H2 319,700 729,656 0 0 106 1,142 :27,569 0 0 0 129,979 .152 0 0 0 39,Stl1D I 56, 313 1,732 0 0 93,000 0 0 0 0 96,734 0 43,131 E 16.667 ,_.,Jas 0 0 0 62 e,10] H o E o H o H 42,599 40,660 0 H 0 o 1,320,66H o 0 9 ,311.1oo 0 0 0 0 529,773 F 0 210,919 77H, 697 0 0 0 0 3,706,334 R 0 . :OR 5.611,334 0 0 H 0 0 0 4,550,000 1,930,000 A H o H 0 .,36H,oOR 3,390,RF. 112,915 36,649 17,455 43s.307 373 0 0 0 626.444 __________ ]26,{13 _________ 259,507 ___- ___ 16,309 ___________ 617.694 ___________ 6,679,126 ___________ 136,950 ___________ 164,562 -----------_ 11,567,699 _ _- - 2!,553,062 _ -_ 0 - - 1,]67 ,Os9 0 - - ,296,263 1.152 ,040 - - 1p56 .405 203,499 97,00 q, 296 .522 2,164.133 - - - - 6,732 465 1 068,526 1,361,635 O 260,162 _ _ - - S, 90,626 3.292,926 1.949,466 9,226,322 1.969,297 34,362.617 1,152,040 0 0 25,097,670 ..,620,941 2,159,275 4,516,]31 3,101,991 s1.591,741 .,11F,Is. 169,662 11.567,699 47,3]2,732 .HE nOTCS To THE FINANCIAL _TATEe CATS ARE AS 1.1TFCRAL PART 9F THIS _TATR' ENT. City f Cape Girardeau. M'. ssouri COMBINED STATEMENT OF REVENUES AND EXPEND CURES AND FUND BALANCES GOVERNMENT FUND FOR THE FISCAL YEAR NE 1989 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. GENERAL REVENUES ____________ Taxes ],264,]43 Licenses and permits 528,555 Intergovernmental 105,491 Charges for services 264,968 Fines and forfeitures 359.978 Miscellaneous 66.182 Interest 209,921 TOTAL REVENUES 8,]99,839 EXPENDITURES Cur ent General government 1.138,402 Transportation 1.144,567 Public safety 4.298,794 Health a Cemetery 60,484 CulturCommodityn 370.022 developmentrecreatin 609,540 Capital outlay 0 Debt service 281,960 Principal 86,197 Interest and fiscal charges 30,515 TOTAL EXPENDITURES 7.382.098 ------------ EXCESS (DEFICIENCY) OF REVENUES 0 OVER (UNDER) EXPENDITURES 1,41],]40 ------------ OTHER FINANCING SOURCES (USES) 0 Transfers in 0 Transfer out <1,323,946> Proceedsf debt financing 156,259 Proceeds From fixed assets 12,661 Special assessments 840 TOTAL OTHER FINANCING SOURCES 0 0 (USES) <I,ISd,186> EXCESS OF REVENUES AND OTHER FINANCING 0 SOURCES OVER EXPENDITURES 1,422,411 AND OTHER FINANCING USES 263.554 FUND BALANCE AT BEGINNING OF YEAR, 717,330 AS ADJUSTED (NOTE K) 3,028.872 FUND BALANCE AT END OF YEAR 3,292.426 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 1988-69 976,161 224848 0 8,465.]52 855,575 8,,556 368,656 1,338.2]8 139,719 0 0 404,686 10,044 0 0 370.022 61.342 0 8,373 135,898 138,944 281,960 57,110 687,934 2,161,785 515,364 434.139 11,931,127 233,936 0 0 1.372,338 274,545 0 0 1.419,113 40 0 0 4,298,833 96,890 60,898 0 0 1.408.811 0 0 1,422,411 107,790 0 0 717,330 0 0 939,206 939,206 0 130.000 0 216.197 558 ]45,]10 115,066 891,849 2.122,579 875.710 1,054.272 11,434.659 59,20] <360,346><620,114> 496.467 900,000 573.131 294,313 1,767.444 <572,244> 0 <16,254> <1,912,444> 42,580 296,638 2,392,604 2.888,080 50 0 108,000 120,711 00 115,061 115.901 370.386 869.769 2,893,724 2,979,692 429,593 509,423 2,273.590 3.476,160 1,499.875 3,787,399 190,707 8,506,853 1,929.468 4,296.822 2.464.297 11,983.013 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. City f Cape Girardeau. Missouri COMBINED STATEMENT OF REVENUES AND EXPENDITURES BUDGET (GAAP BASIS) AND ACTUAL - ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30, i989 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 11 GENERAL FUND SPECIAL REVENUE FUNDS _____________________________________________ VARIANCE _____________________________________________ VARIANCE FAVORABLE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) BUDGET ACTUAL (UNFAVORABLE) REVENUES Taxes ],166,526 7,264.]43 98.217 968.320 976,161 ],833 Licenses and permits 495,185 528,555 33,3]0 0 0 0 Intergovernmental 102,923 105,491 2,568 891.677 855,575 <36.102> Charges for services 243,825 264,968 21,143 141.460 139,719 <1.561> Fines end Forfeitures 356,000 359.9]8 3,918 9,_20 10.044 524 Miscellaneous 66.319 66,;82 <!37> 42,840 61,342 18502 Interest 204,161 209,921 5,760 132,701 ___ 138,944 6,,243 _______4_561_ TOTAL REVENUES ___1634__ __ 8,634,939 8,]99,839 _____164_9___ 1--- 2.186,346 2,181,]85 ----- - EXPENDITURES ,,rent General government 1.1]4,]10 1,136,402 36,309 255.681 233,936 21,745 Transportation 234 50 1.144,567 89,583 311,545 274,545 37.000 Puhl:c safety 4,411,988 4.298.]94 113.195 0 40 <40> Health 0 0 0 107,417 96,896 10,519 Cemetery 62,730 60.484 2.246 0 0 0 Culture arc recreation 13.600 13.600 0 1,424,903 1,408,811 16,092 Community development 645,484 609.540 35,944 99.529 107,790 <8,261> Debtservice Principal 86,201 86,197 4 0 0 0 Interest and fiscal charges 30,511 30,515 14) 1,151 558 593 TOTAL EXPENDITURES __7_6__ ],659,3]6 __7_3__ 7,382,098 _____277_2___ 277,277 __2_20_ __2_122_____ 2.200.225 2.122.579 ______77_64__ 77,647 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 975,564 1,411.740 442,177 <13.879> 59.207 73,086 OTHER FiNANCINC SOURCES (USES) Transfers in 200,000 0 <2c0,000> 900,000 900.000 0 - out <1<1,324,172> 11.323.946> 226 <772.244> <572,244> 200.000 Proceedsoceeds of debt financing 156.259 156.259 0 42,580 42,580 0 seeds from f:'xeC assets 12.827 12.661 <166> 50 50 0 Special assessments 0 840 84U 00 0 TOTAL OTHER FINANCING SOURCES (USES) <955,086> <1,154,166> 1199,100> 170.386 370.386 200,000 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURFS AND OTHER FINANCING USES 20,476 263,554 243.077 156.507 429.593 273.oe6 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 11 City of Cape Girardeau, Misscurl COMBINED STATEMENT OF REVENUES AND EXPENDITURES BUDGET (GAAP BASIS) AND ACTUAL - ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30, 1989 REVENUES Taxes Inter overnmentol Mitee�s b.,J, lF TOTAL REVENUES EXPENDITURES Current Capital outlay Debt service Principal Interest and fiscal pM1argec TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES OTHER FINANCING SOURCES (USES) Transfer Transfer Out Proceeds f debt financing Proceeds From fixed assets Special assessments TOTAL OTHER FINANCING SOURCES (USES) EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES DEBT SERVICE FUNDS CAPITAL PROJECTS FUNDS _____________________________________________ VARIANCE ---------- ___________________________________ VARIANCE FAVORABLE FAVORABLE BUDGET _________ ACTUAL ____________ (UNFAVORABLE) _____________ BUDGET ACTUAL (UNFAVORABLE) 222,962 224,848 11886 0 0 0 8,556 81556 0 348, 502 368,656 20,154 0 0 0 8.37_ 8.373 0 2]9,7_52B1,960 -___ - _____2.185_ ---- 57,110 511,293_ ____________ 515.364 ____________ 4,0]1 _____________ 42],908 427,908 ____________ ----- 43x,139 ___---- ___--<13,923> 6,231 ------------- 0 0 0 9]1,]81 939,206 32,575 130,000 130,000 G 0 0 0 733,918_ 745,710_ <11,792> 16,648_ 115.066 <98,418> ____ 863,918 ____ 8]5,]10 _____ <11.792> ____9 ____ 988,429 ____ 1.054,272 _____________ <65,8431 <352,625, <3601346> <],J21> <560,521> 1620.1341 <59,613> 573.244 573,131 <113> 2]8,1]2 294,313 16,141 0 0 0 0 <16.254> <16,2541 78,739 296,638 217.899 2,406,363 2,392,604 <13.759> 0 0 0 108,000 IBB. Boo 0 0 0 0 80,572 115,061 34,489 651,983 ____________ ____________ 869,769 21],]862,873,107 _____________ ------ 2.893,724 ______ 20,617 ___ ------ 299,358 ---- 509,423 210,065 2,312.586 2.273.590 <38,996> THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. City of Cape Girardeau Missouri COMBINED STATEMENT OF REVENUES EXPENSES AND RETAINED EARNINGS ALL PROPRIETARY FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30, 1989 TOTALS PROPRIETARY FUND TYPES (MEMORANDUM ONLY) _________________ ________________________ INTERNAL ENTERPRISE SERVICE 1988-89 OPERATING REVENUES ___________ ___________ _______-___ Federal grants 170,735 0 170,735 State grants 1,606 0 1,606 Residential charges 1,424,531 0 1,424,531 Commercial charges 996.626 0 996.626 Transfer station charges 152,339 0 152,339 Equipment sales 9,440 0 9,440 Concession revenues 36,894 0 36894 Golf course fees 234457 0 234,,457 Other fees and charges 39,,493 0 39,493 Interdepartmental services 0 1,087,728 1,087,728 Rental revenue 77,358 0 77,358 Donations 1,000 0 11000 Other miscellaneous 3,754 54 3,808 Interest income 153,994 21,364 175,359 3,302,230 1,109,146 4,411,375 OPERATING EXPENSES Personnel services 1,217,899 288,237 1,506,136 Materials and supplies 187,272 294,629 481,901 Contractual services 813,351 372,812 1,186,163 General operating expenses 133,180 2,267 135,447 Special projects expense 33,521 0 33,521 Internal service expenses 420,584 8,030 428,613 Depreciation expense 746,242 ___________ 80,372 826,614 3,552,049 ___________ ___________ 1,046,346 ___________ _________-_ 4,598,395 -_-_______- OPERATING INCOME (LOSS) <249,819> 62,800 <187.019> r NON-OPERATING EXPENSES Issuance cost amortization 11.044 0 11.044 Interest and handling costs 388,623 868 389,491 ___________ 399,667 ___________ 868 _____--____ 400.535 INCOME (LOSS) BEFORE OTHER FINANCING SOURCES (USES) <649,486> 61,932 <587,554> OTHER FINANCING SOURCES (USES) Transfers in 145.000 0 145,000 Sales of fixed assets 0 141 141 e Compensation for damages 163 4,191 4,353 Sewer assessments 1,376 ___________ 0 ___________ 1.376 ___________ 146,539 4,332 150.871 NET INCOME (LOSS) <502,947> 66,264 <436,683> RETAINED EARNINGS AT BEGINNING OF YEAR, AS ADJUSTED (NOTE K) 12.007,575 ___________ 1,085,776 ___________ 13.093,351 ___________ a RETAINED EARNINGS AT END OF YEAR 11,504,628 1,152,040 12,656,668 - THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 13 City of Cape Girardeau, Missouri COMBINED STATE^ffh"I OF CHANGES IN FINANCIAL POSITION ALL PROPRIETARY FUND TYPES Year ended June 30, 1989 - Proprietary Fund Types ______________________ Totals Internal (Memorandum Enterprise Service Only) Sources of working capital ___________ ________ ___________ - Operations Net income (loss) (502,947) 66,264 (436,683) Add back items not requiring - working capital - depreciation 7=46,242 80,372 826,614 Working capital provided by operations 243,295 146,636 389,931 Net increase in bond lease purchase obligations payable 5,766,334 - 5,766,334 - Net increase in contributed capital 850,829 - 850,829 Total sources of working __________ _______ ---------- capital 6,860,458 1465636 7,007,094 Uses of working capital Acquisition of fixed assets 2,696,319 45,066 _,741,385 Decrease in long-term revenue bonds payable 30,000 - 301000 Net, increase in restricted assets 4,106,825 - 4,106,825 - adjustments to beginning fund balance 28,787 43,-168 72,255 Net decrease in lease purchase obligations payable 154,564 - 154,564 - Total uses of working capital 7,016,495 88,534 7,105,029 Net increase (decrease) in ---------- ------ ---------- working capital (156,037) 58,102 (97,935) - Elements of net increase (decrease) in working capital Cash and investments 60,738 62,972 123,710 - Receivables (140,868) 20,238 (120,630) Inventory 4,091 - 1,091 Prepaid expenses 135,140 65,065 200,205 Accounts payable (118,734) (73,586) (192,320) ' Accrued expenses (21,288) (16,587) (37,875) Interest payable (75,116) - (75,11.6) Net increase (decrease) in working capital (156,037) 58,102 (97,935) THE NOTES "m THE FINANCI.AL STATEMENTS ARE AN INTEGRAL PART OF TATS STAM-- E.INT. 14 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1989 NOTE A - SUMMARY OF ACCOUNTING POLICIES The City of Cape Girardeau, Missouri operates under a charter which went into effect April 12, 1982. The City operates under a Council -Manager form of government and provides the following services as authorized by its charter: public safety (police and fire), highways and streets, sanitation, health and social services, culture -recreation, public improvements, 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. 1. Reporting Entity 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 not 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, 1989 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 and a 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 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, 1989 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 finds 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 FONDS 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 than expendable trusts 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 Finds 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, 1989 r 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 organization, 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 "financial flow" 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 Irevenues 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 actual historical cost is not available. Donated fixed assets are valued at their estimated 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. 18 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1989 NOPE A - SUMMARY OF ACCOUNTING POLICIES - Continued 3. Fixed Assets and Lona -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 receivable 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 noncurrent 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. Ali 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 lexpenses) 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 4. 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 hssis of accounting. Their revenues are recognized when they become measurable and available as net current assets. Taxpayer -assessed income, gross receipts and sales tares are considered "measurable" when in the hands of intermediary collecting governments and are recognized as revenue at that time. 19 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1989 NOTE A - SU.MMARY OF ACCOUNTING POLICIES - Continued 4. Basis of Accounting - Continued 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 most 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 hasis consistent with gener- ally 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, 1989 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 "Memoran- dum 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. NOTE B - CASH AND INVESTMENT 1. Deposits At June 30, 1989, the carrying amount of the City's deposits was $4,657,108 and the bank balance was $4,976,347 which excludes $3,795 of petty cash funds held at various City locations. The deposits are categorized in accordance with risk factors created by governmental reporting standards. Carrying Bank Amount Balance Category #1 $ 100,000 $ 100,000 Category #2 4,557,108 4,876,347 .. Category #3 - - Category #1 includes deposits covered by depositing insurance or collateral held by the district in the district's name. Category #2 includes deposits covered by collateral held by the financial institutions trust department in the district's name. 21 22 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1989 NOTE B - CASH AND INVESTMENT - Continued ., 1. Deposits - Continued Category #3 includes deposits which are uncollateralized or the collateral is held by the financial institutions trust department but not in the district's name. 2. Investments Investments made by the City are summarized below. The investments 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 y U.S. government securities $ 5,479,341 $ - $ - $ 5,479,341 $ 5,479,341 .. Certificates of deposit 4,175,000 - - 4,175,000 4,175,000 Commercial .� paper 490,399 - - 490,399 490,399 Other 27,551 - - 27.551 27.551 $10,172,291 $ - $ - $10,172,291 $10,172,291 Included in the amounts shown above is $3,853,982 to be used to retire the 1984 Public Building Bonds (note E). 22 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1989 NTE C - PROPERTY TAXES Property taxes attach as an enforceable lien on property. Taxes were levied on August 15, 1988, 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, 1989, was $14,631. NOTE D - CHANGES IN GENERAL FIXED ASSETS A summary of proprietary fund type property, plant and equipment at June 30, 1989 follows: Internal Enterprise Service Land $ 435,320 $ 37,500 Buildings 9,419,400 359,066 Improvements other than buildings 10,984,855 15,150 Equipment 1,947,972 704,788 Construction in progress 1,968.721 24,756,268 1,116,504 Less accumulated depreciation 8,176 192 302,061 .. $16,580,076 $ 814,443 23 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1989 24 NOTE E - LONG-TERM OBLIGATIONS The following is a summary of bond transactions of the City for the ,year ended June 30, 1989. General Leasehold ' Obligation Revenue Revenue Bonds Bonds Bonds Total Bonds payable at July 1, 1988 $8,240,000 $1,350,000 $ - $ 90901000 Bonds issued - Series 1988 - - 3,720,000 3,720,000 Series 1989 - - 5,000,000 5,000,000 Unamortized discounts - - (108,166) (108,166) Bonds retired 130,000 30,000 160.000 Bonds payable at June 30, 1989 $8,110,000 $1,320,000 $8,611,834 $18,041,834 Bonds payable at June 30, 1989, are comprised of the following individual ' issues. $41530,000 1984 Public Building serial bonds due as follows. Year ending Interest Principal Interest June 30, Rate Due Due Total ' 1990 12.00% $ 140,000 $ 452,460 $ 592,460 1991 12.00 150,000 435,060 585,060 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 $4,530,000 $2,261,555 $6,791,555 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, 1989 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 General. Obligation Refunding Bonds Series 1987 with interest rates varying from 6.00% to 7.10%. The Refunding Bonds constitutes general obligations of the City and will be payable as to both principal and 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 NOTE F - LONG-TERM OBLIGATIONS - Continued $3,580,000 1987 General Obligation Refunding Bonds due as follows. Interest Year ending Interest Principal Interest Earned on June 30 Rate Due Due Escrow Total 1990 $ - $ 238,628 $ 238,628 $ - .. 1991 - 238,628 238,628 - 1992 - 238,628 238,628 - 1993 - 238,628 238,628 - 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 7.10 480.000 17,040 497.040 $3,580,000 $2,790,230 $1,313,009 $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 General. Obligation Refunding Bonds Series 1987 with interest rates varying from 6.00% to 7.10%. The Refunding Bonds constitutes general obligations of the City and will be payable as to both principal and 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, 1989 I NOTE E - LONG-TERM OBLIGATIONS - Continued 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. $1,320,000 1986 Sewerage System Revenue Bonds due as follows. Year ending Interest Principal Interest r June 30, Rate Due Due Total 1990 9.00% $ 30,000 $ 104,597 $ 134,597 - 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 22,800 157,800 2006 8.00 150,000 12,000 162,000 ' $1,320,000 $1,163,204 $2,483,204 26 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1989 y 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. $3,720,000 Building and Equipment Leasehold Revenue Bonds, Series 1988 ' due as follows. Year ending Interest Principal Interest September 1 Rate Due Due Total 1989 5.90% $ 280,000 $ 236,310 $ 516,310 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 $3,720,000 $1,400,932 $5,120,932 The bond's are obligations of the Cape Girardeau (Missouri) Public Facilities y 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 principalis allocated as follows: $1,540,794 - Sewer Fund; $1,423,345 - Solid Waste Fund and $755,861 - 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, 1989 NOTE E - LONG-TERM OBLIGATIONS - Continued $5,000,000 Building and Equipment Leasehold Revenue Bonds (Street and Sewer Improvement Projects), Series 1989 due as follows. 28 Year ending Interest Principal Interest March 1 Rate Due Due Total 1990 6.75% $ 135,000 $ 259,988 $ 394,988 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 r $5,000,000 $2,762,350 $7,762,350 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: $2,910,361 - Sewer Fund and $2,089,639 - General Long-term Debt Account Group. ' Principle payments are made annually on March 1, and interest payments are made semi-annually on March 1, and September 1. 28 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1989 r NOTE E - LONG-TERM OBLIGATIONS - Continued The annual requirements to amortize all debt outstanding as of June 30, 1989, including interest payments of $9,065,262 are as follows. General Leasehold Year ending Obligation Revenue Revenue June 30._ Bonds Bonds Bonds Total 1990 $ 592,460 $ 134,597 $ 911,298 $ 1,638,355 ' 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 1,1439235 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 4919215 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 1519652 5519060 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 $119848,776 $2,483,204 $12,883,282 $27,215,262 $433,777 is available in the Debt Service Fund to service the general obligation bonds. This does not include the $3,574,107 available to apply to refunding of 1984 series bonds. In the Sewer Fund, $206,866 cash is available to service the Sewerage Revenue Bonds. ' The debt service available to retire the Leasebold Revenue Bands is shown in the various funds as follows. Sewer Fund $ 450,894 Solid Waste Fund 148,985 General Fund 13 Debt Service Fund 285,563 General Capital Improvement Fund 39 Street Improvement Fund 1.442 Total $ 886,936 29 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1989 y NOTE E - LONG-TERM OBLIGATIONS - Continued Included in restricted cash on the balance sheet is $5,711,247 which is the balance in the various project accounts which represent incompleted projects at June 30, 1989. 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 224.169 $410,164 $576,815 30 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1989 r NOTE F - CAPITAL LEASE OBLIGATIONS - Continued The following is a schedule by years of future minimum lease payments under capital leases together with the present value of the minimum lease payments as of June 30, 1989. Year ending General Fixed Enterprise June 30, Asset Group Funds .� 1990 $105,032 $189,420 1991 105,032 150,302 1992 52,489 129,293 1993 - 49,155 1994 - 22,254 Succeeding years 77,722 Total minimum lease payments 262,553 618,146 Less amount representing interest 21,634 88,371 i Present value of net minimum lease payments $240,919 ______________ $529,775 Current portion $ 91,829 $152,264 Noncurrent portion 149,090 377,511 $240,919 ______________ $529,775 NOTE G - DEFICIT FUND BALANCES The Solid Waste -Enterprise Fund has a deficit fund balance of $129,317. 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 system's 31 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED- June 30, 1989 NOTE H - PENSION PLAN - Continued 1. Plan Description - Continued 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 y salary. The employer is required by statute to contribute the remaining amounts necessary to finance the coverage of its 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, 1989. 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, 1989, the assets in excess of the pension benefit obligation were $387,459, determined as follows: 32 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1989 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 117,528 Current employees -- Accumulated employee contributions including allocated investment income 1,471,084 Employer financed - Vested 3,193,528 Employer financed - Non -vested 408.215 Total Pension Benefit Obligation 5,190,355 Net Assets Available for Benefits; at Cost: 5,577,814 Assets in Excess of the Pension Benefit Obligation $ 387,459 3. Funding Policy The City of 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 1988 of $435,168 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, 1988, (the date of the most recent actuarial valuation) the total unfunded liability for benefits accrued was $776,864. 33 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEME!JTS - CONTINUED June 30, 1989 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 y 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). (11 (2) (3) (4) 151 (6) Pension Unfunded PBO .. Net Assets Benefit Percent Unfunded Annual As a Percent of Valuation Available Obligation Funded PBO Covered Covered Payroll Date For Benefits (PBO) (1)/(2) (2)-(1) Payroll (4)/(5) 2/28/87 $5,276,196 $5,595,774 94% $ 319,578 $4,968,360 6% 2/29/88 6,218,632 6,188,416 100 (30,216) 4,970,027 - 2/28/89 5,577,814 5,190,355 107 (387,459) 5,291,039 - 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 or 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. Revenues by source Member Employer Fiscal contri- contri- Investment year butions butions income Total 6/30/87 $197,541 $303,803 $778,789 $1,280,133 6/30/88 203,439 308,554 424,987 936,980 6/30/89 - 435,168 512,051 947,219 34 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED June 30, 1989 ' NOTE H - PENSION PLAN - Continued 4. Trend Information - Continued 35 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 r NOTE I - INTEREST EXPENSE Interest cost totaling $1,071,686 was incurred during the year ended June 30, 1989. No interest cost was capitalized as part of the cost of assets constructed during the period. NOTE J - INTERFUND RECEIVABLES AND PAYABLFS The following is a summary of the amounts due from and to other funds. Due from Due to General Fund $638,103 $ - FAU Street Grants Fund - 40,251 CDGB Grants Fund - 5,841 Street Improvements Fund - 20,575 Solid Waste Fund - 500,279 Library Fund - 45,131 Golf Course Fund 26,026 $638,103 $638,103 35 City of Cape Girardeau, Missouri NOTES 90 FINANCIAL ST4T6'ME,'JLS - 00oTID41O) jure 30, 1989 NOTE R - ADJII3T.MFNTs To BEGIYRING YlMO RN.ANCES 199,0031 - - - - - - - 151,385) (27,036) - the fund balances as of Jw,e 30, 1988, have bezr adjusted as follow=s. - 1,913 (16,431) - - - - - 43,517 - - - 296,414 - Special Debt Capital Internal frust and $3,028,872 General Revenue So,ce Froject Enterprise Service Ager, Fm Foods _ Fund F4m ids _ Ed sds _ F'ads_ F d_ Fwd balance/retained earnings at begiFming of Year $3,195,812 $1,291,549 $3,799,032 $287,910 $12,036,362 $1,129,243 5 296,414 To adjust deferred r. es at the year beginning re the t,at,, sales personal property, real estate, sales end other Laces To adjust ac rued v cation liabilitc at beginning of year Toadjust prepaid exps enseat m .mfng of year To capitalize certain ,or period expenditures To reels s types of funds To adjust contributed capital Fund balance/retained eamings at beginning of year, as adjusted (216,239) 198,1521 (11,633) 199,0031 - - - - - - - 151,385) (27,036) - 49,297 10,D60 - - 1,913 (16,431) - - - - - 43,517 - - - 296,414 - - - - (296,414) $3,028,872 $1,499,871 $3,787,399 $190,707 $12,007,595 $1,085,776 $ - City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS - CONTINUED y June 30, 1989 NOTE L - 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. 37 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 38 City of Ca STATEBUDGE A)WDA PACTUALRES - TF(GAAP�% FOR THE FISCAL YEAR ENDED JUNE 30, 1989 VARIANCE FAVORABLE BUDGET ____________ ACTUAL (UNFAVORABLE) REVENUES ____________ -----__------ Taxes 7,166,526 7,264,743 98,217 Licenses and permits 495,185 528,555 33,370 Intergovernmental 102,923 105,491 2,568 Charges for services 243,825 264,968 21,143 Fines and forfeitures 356,000 359,978 3,978 Miscellaneous 66,319 66,182 <137> Interest 204,161 209,921 5,760 TOTAL REVENUES 8,634,939 8,799,839 164,900 EXPENDITURES Current GeneralGovernment 1,174,710 1,138,402 36,309 Transportation 1,234,150 1,144,567 89,583 Public safety 4,411,988 4,298,794 113,195 Cemetery 62,730 60,484 2,246 Culture and recreation 13,600 13,600 0 Community development 645,484 609,540 35,944 Debt service Principal 86,201 86,197 4 Interest and fiscal charges 30,511 30,515 <4> TOTAL EXPENDITURES 7,659,376 7,382,098 277,277 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 975,564 1,417,740 442,177 OTHER FINANCING SOURCES (USES) Transfers in 200,000 0 <200,000> Transfer out <1,324,172> <1,323,946> 226 Proceeds of debt financing 156,259 156,259 0 Proceeds from fixed assets 12,827 12,661 <166> Special assessments 0 840 840 ------------ TOTAL OTHER FINANCING SOURCES ____ (USES) <955,086> <1,154,186> <1991100> EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 20,478 263,554 243,077 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 38 TTIff IIO .00RCES ,11111 o C,zr Ifa a ansferNl I O o .,991 TO ons eea's out I»..: enu R rcIOF Qcx0s u 9 ] 0 2 CfFININc ITATEMENT OFREIFONUES OND C R IIL4LE - CONT¢o .ru 1 _ . .:c.. e1 NC _oevs 0 a o EORTIIE "I'll YQnPE YO¢O RLE J0, 1959 ssl excess ov v.Qv¢nrz: n. .'011.unrvc lac 4,919 I "19 Fl ------------._._____ _ ------------ _.______-_9'O,osO i0iaL5 Cuxv Qp'T IOF/ 1143,01:1 E.1R15 e iel, iT 1 o a O .. cv TOORISM OIETRIC. R¢CR Ee iI OY NEn ETII Iffl Bdx IT BRRY Expilvl ON 2000 LICM.il AC OYLY10 TTIff IIO .00RCES ,11111 o o ;.."1 a ansferNl I O o .,991 TO ons eea's out I»..: IYI u 9 ] 0 2 a ¢roc..a, from EI.Pa 0 1 _ . .:c.. e1 NC _oevs 0 a o o uses 1 l51"I'41 ssl excess ov v.Qv¢nrz: n. .'011.unrvc lac 4,919 I "19 Fl ------------._._____ _ ------------ _.______-_9'O,osO ,'I ♦e0 OTIIER VefU nv s¢5 1143,01:1 ,:o, iel, iT 1 o O O 1-1,;ll ¢LLO Rn L.Y C¢ IT )O Of )TAN 500,122 e], 123 loo, o o ;.."1 a o I O o .,991 co 129.191 0 u 120,0001 ] 0 0 a ia7'Z44l 0 0 a o o aseo 9,002 "7" 4,919 I "19 Fl ------------._._____ _ ------------ _.______-_9'O,osO ,'I T5, 0 ,:o, cool 0 o O O 1-1,;ll 11.111 11.1691 ;.."1 11, 1011 ia], ll01 .,991 { p]9 129.191 165.915 .T. 41 19,062 _24,_J 9,002 "7" 4,919 I "19 Fl THC NQ?ES TO THE P16_topinl. 91i1T?Mtl'l _IBC a 11TI.n'_ IIHI Ul TONI d1Ai60EN3. 9 9!'CC1ULL RN EFIE FSU L9 COab IF IYG tln 6AM CC SU[ei ]one ?0, t5S9 vvw vrry rnt _onl uam to eu11n : p 1191:7 .19 uo-1- rua upa eoa euna tuna o5_,. s. ana in, v..xaendq 169, or 23 HI0 Ln, L., tF,Jt' 93],'x41 .6Z 316 U 0 4 3,59G,Y36 eve nakl er. pqt o :l Donn en.. too .wl est caz 111-1 pmPear to 1st, ,ol. me u t urnns tax I.Ti rte. n nr tc nse ions M11Ne ° Ce m e.5de salnx tax Im r 4a1H enav. s ni ,es tm P rep]e ei peo xe.. en 39,}15 29,190 0 0 11 0 a _.O iB n U 0 11 0 U 0 U 0 0 0 U II n U U Y.Y ]A .. 689 4 6 0 A U tl13 45,4F6 t, L,6GA U Il V tfi6 0 U 0 . E.O ?L]i? S.O .ab yJ 0 U 11 U 9 YO 4.02 G 0 U 0 a h ?_.f U 0 � q J6 U 0 1 o 9,Y19 U 15.191 2.1'49 5']15 45.916 ll ir,934 30 9 U �Ofi9 ] fi#6,%t :6,109 "I'll" 12,594 3 69Y t],$au 1.81'Y 2, 159.2 rc LIFSRIIIES n50 "IE '.It" au v e,o41x 16 6St an 31.1fi9 ..Sv, ll,Th I9,1U3 U tAG9 ] 69,N01 a urtl ]rvuaL ves +to ll.pnsroL t x +aw >m e3i l.v ue ma h et fu nave o Het t na re. anile Y5, 0 0 +9U [.591 =' U 21 33U U U 4U9 0 1 15 P 0 U + aU.?69 IDl 9 U U U 0 4 4E,131 tS, oFY ea e er.e Una tmM 500,92E u 2?92d 4 U 165,125 11, u 49N 17, U 1, 2E 20],039 12J s.UNd 0 1s,?bk [1,Itli 1.919 r.nyU 4 3>.92.) 165, 2fi t' 690 9 9.O U'Y 2 q .1 ..09n -199 9.9 9 2529. i5� ,$36,661 26, ID8 Y36 ,9 (;1 Z ,3FU 1, LL1 99U 3t 2,9911 5. 09'Y ..., ". d6 9 2.159.['C THC NQ?ES TO THE P16_topinl. 91i1T?Mtl'l _IBC a 11TI.n'_ IIHI Ul TONI d1Ai60EN3. 9 4,979 11111.759 0 1]],996 0 3H,GY1 J J 107 790 J 155 9 : 1:3,575 4,_79 59,211 c1ty If l;lP l , [ COYPIRIIN sxnTC7¢RT IF EE, _v _ 'D eT""' FEE SX¢ IIFIAI IRA. EPYE. LINE IS. ON/ IS IOti SOOR U7 0174R.CE P¢ER¢v.OI N¢TL.X FLEE PAN LIDPll.l .PUTS CT IOX 2000 enxes 53, 19.'u E9 0 ,312 0 J09,TP3 0 n ec w.FUSNI .1 p P90 _,z 624.339 7],190 0 o _ o J F— a,, Icc[eatvices 0I 0 10.044 0 0 a.c el laneomI 10,]04 0 3,999 990 ]1,465 In[eces[ 37.519 1,146 1., B91 1,791 46.119 :3, EP] 1.]30 990 TOTAL a¢VE1F11 591,7:] 00,601 1¢7.12. 95.117 550,693 39]}60 .,,'_10 ¢2,905 E%PESOIPCRES uccul 9m'ei anent _s 1, _E 0 0 0 50,]80 cans eeav un 1 .74,5 4 Pm bli Pouattn 0 LN 0 0 Pl. 0 9E.59 0 an I,it— cecvnne, on _ 01 1,.,, 0 0 191,]64 9 0 ommnna .v uuemomen[ 0 10.979 0 0 0 0 0 16.11, X« neeee_1 �ne ¢..,aa1 115 1 9 J N _YC_)EITLREs 151.146 50,079 1,011.541 _ ------------------------ 97,49E ___ 7777_____________ 174,115 597.19 ____________ 50..60 __ ,6.512 ------------ _ "IS _ _. Cl' 1 Pl NEVA1.1 1150 1111FE1 E%FEVOrtLRLs 410.167 450.1171 1664.2261 4119691 606,096 14,1041 147,1701 _,196 4,979 11111.759 0 1]],996 0 3H,GY1 J J 107 790 J 155 9 : 1:3,575 4,_79 59,211 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, 1989 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 42 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) REVENUES Taxes 550,000 556,404 6,404 Interest 37,319 _____36,437 __ __882 TOTAL REVENUES 586,437 593,722 7,265 EXPENDITURES Current General government 205,300 183,556 21,744 TOTAL EXPENDITURES 205,300 183,556 21,744 + EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 381,137 410,166 29.029 r OTHER FINANCING SOURCES (USES) Transfer out <552,244> <552.244> 0 ____________ TOTAL OTHER FINANCING SOURCES ____________ _____________ (USES) ____________ <552,244> <552,244> ____________ 0 _____________ EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES <171,107> <142,078> 29.029 _____________ THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 42 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 43 BUS INESSPDIST�I CTeSP(`CMALsREVENUE DOWNTOWN FUND STATEMENT OF REVENUES AND EXPENDITURES - BUOGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1969 ' VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) ______ REVENUES __________ _____________ Taxes 23,639 19,653 <3,986> Interest 1,088 1,168 80 __________ TOTAL REVENUES 24,727 ______ 20,821 ____ <3,906> EXPENDITURES Current Community development 81,280 80,978 302 y Debt service ____________ TOTAL EXPENDITURES ____________ 81.260 ____________ 80,978 ____________ _____________ 302 _____________ ' EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ____________ <56,553> <60,157> ____________ <3,604> _____________ OTHER FINANCING SOURCES (USES) Proceeds of debt financing 42,580 42,580 0 ____________ TOTAL OTHER FINANCING SOURCES ____________ _____________ (USES) ____________ 42,580 42,580 ____________ 0 ____________ ------------- EXSOURCES REVENUES ANDFINANCING EXCESS AND OTHER FINANCING USES <13,973> <17,577> <3,604> 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, 1989 1,011,547 BUDGET --_-__------ REVENUES FAVORABLE Intergovernmental 640 Charges for services 133,400 Miscellaneous 13,510 Interest 15,000 ------------ TOTAL REVENUES ------------ 162,550 EXPENDITURES ------ <5,229> Current Culture and recreation 1,026,482 ------------ TOTAL EXPENDITURES ------------ 1,026,482 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES <863,932> OTHER FINANCING SOURCES (USES) Transfers in 900,000 Proceeds from fixed assets 50 ------------ TOTAL OTHER FINANCING SOURCES (USES) ------------ 900,050 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 36,118 1,011,547 VARIANCE 1,011,547 ------------ FAVORABLE ACTUAL ------------ (UNFAVORABLE) ------------- 640 0 130,436 <2,964> 10,304 <3,206> 15,941 ----1_ 941 57,321 ------------ ------ <5,229> 1,011,547 14,935 1,011,547 ------------ 14,935 <854,226> 9,706 900,000 0 50 0 900,050 0 45.824 9,706 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 44 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 45 CitCape of Cape Girardeau, Missouri HEALTH SPECIAL REVENUE FUND STATEMENT AND - BUDGETF(GAAPNUES BASIS) ANDEXPENDITURES L FOR THE FISCAL YEAR ENDED JUNE 30, 1989 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) REVENUES Taxes 89,152 90,312 1,160 Intergovernmental 3,424 3,424 0 Interest 1,783 1,791 8 ____________ _____________ TOTAL REVENUES 94,359 ____________ ____________ 95,527 1,168 _____________ EXPENDITURES Current Public safety 0 40 <40> Health 107,417 96,898 10.519 Debt service Interest and fiscal charges 558 558 0 TOTAL EXPENDITURES 107.975 97,496 10,479 o EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES <13.616> <1,969> 11,647 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 <13,616> ____________ <11969> 11,647 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 45 City of Cape GirardeauMissouri MOTOR FUEL TAX SPECIAL REVENUE FUND y STATEMENT ETF(GAAPNBASIS)NDAND ACTUALRES - FOR THE FISCAL YEAR ENDED JUNE 30, 1989 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 46 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) REVENUES Intergovernmental 825,400 824,329 <1,071> Interest 53.043 56,314 3.271 TOTAL REVENUES ____________ 878,443 880,642 ____________ _____________ 2.199 EXPENDITURES Current Transportation 311,545 274,545 37,000 TOTAL EXPENDITURES 311,545 274,545 _____________ - 3 -740 -06 EXCESS UNDER)EEXPENDITUREENUES ( ____________ 566,898 606,097 ____________ 39,199 _____________ OTHER FINANCING SOURCES (USES) Transfer out <220,000> <20.000> 200,000 ____________ TOTAL OTHER FINANCING SOURCES ____ _____________ (USES) <220.000> <20,000> 200,000 a EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 346,898 586,097 239,199 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 46 C'tYBKRYa?FEC�A4rR9QAUE ?8%rk STATE BUDTTGEOTF((GAAPNBAbb5I5)) ANDPACTTUALRES - FOR THE F15CAL YEAR ENDED JUNE 30. 1989 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 47 VARIANCE FAVORABLE BUDGET ------------ ACTUAL ------------ (UNFAVORABLE) _____________ r REVENUES Taxes 305,537 309,792 4,255 intergovernmental 62,213 27,183 <35,030> Charges for services 7.880 9,284 1,404 524 Fines and forfeitures 9.52010,044 1.840 13,894 12,054 Miscellaneous Interest 22,150 _22,963813 ------------- TOTAL REVENUES - u 409.140 _393.259_ _------- J EXPENDITURES Current Culture and recreation 398,421 397,264 1,157 .� Debt service Interest and fiscal charges 593 0 ________ 593 ----- TOTAL EXPENDITURES 399,044 ------------ 397,264 ------------ 1.750 _____________ EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 10.126 ------------ <4,105> ____________ <14,231> _____________ 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 10,126 <4,105> <14,231> THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 47 FLOOD ROT£CTIONGSPECIAL EVENUEuFUND STATEMENT OFREVENUES AND EXPENDITURES - FOR THEGFISCALAYEARSENDEDNJUNET30, 1989 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 48 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) REVENUES MIsceltaneous 890 890 0 Interest 2,300 2,320 20 ________ TOTAL REVENUES 3,290 ______ _______1,2-0210_ 3 ____________ ___________ 20 ------------ EXPENDITURES Current General government 50,381 50,380 1 TOTAL EXPENDITURES ____________ 50,381 50,380 ____________ ------------- t _____________ EXCESS CO£FICIENCY} OF REVENUES OVER (UNDER) EXPENDITURES ____________ <47,191> <47,170> ____________ 21 _____________ OTHER FINANCING SOURCES (USES) M TOTAL FINANCING SOURCES (USESOTHER ____________ 0 0 ____________ 0 _____________ EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES <47,191> <47,170> 21 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 48 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 49 City oV I N 20QR r5REC i REVENUE ALS FUND STATEMENT EXPENDITURES - BDGETF(SSGAOAP BASIS) AND FOR THE FISCAL YEAR ENDED JUNE 30, 1989 i VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) W REVENUES Miscellaneous 26,600 31.460 4,840 Interest ----------- TOTAL REVENUES _______ ------ ----------`- 32,405 ____________ ------------- 4,905 _____________ EXPENDITURES Current Community development -�--_18,249 18,249 26,812 <8,563> TOTAL EXPENDITURES ___ -_--_261812- ____________ -_---_<8,563> _____________ y ttDD 77CC 77 p E EE EXOVER ITURESNUEB (UNDER)EEXPE ND ____________ 9,251 51593 ____________ <3,658> _____________ OTHER FINANCING SOURCES (USES) TOTAL OTHER FINANCING SOURCES (USES) ____________ 0 0 ____________ 0 _____________ AND FINANCING EXSOURCES OVERNEXPENDITES URESR AND OTHER FINANCING USES 91251 5,593 <3,658> THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 49 r RT. KYL76CTI � SPEC1A'L'1`VENU90 UND STATEMENT OF REVENUES AND EXPENDITURES - W BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1989 VARIANCE BUDGET ACTUAL ___________ (UNFAVORABLE) _____________ _____ REVENUES Miscellaneous 0 4,790 4,790 Interest 0 189 189 _____________ ____________ TOTAL REVENUES ____________ ____________ 0 4,979 ____________ 4,979 EXPENDITURES Current TOTAL EXPENDITURES 0 0 0 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 0 4,979 4,979 ____________ ____________ _____________ OTHER FINANCING SOURCES (USES) _____________ ____________ TOTAL OTHER FINANCING SOURCES ____________ a (USES)____________ 0 0 ____________ 0 _____________ EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 0 4,979 4,979 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. �0 City DEBTagERVICarFUND. Missouri STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1989 ' THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 9L VARIANCE FAVORABLE ____________ BUDGET ACTUAL ____________ (UNFAVORABLE) _____________ + REVENUES Taxes 222,962 224,848 1,886 Intergovernmental 8,556 8,556 0 interest 279,775 281.960 ____________ 2,185 ________ + ____________ TOTAL REVENUES 511,293 515.364 4,071 EXPENDITURES Current Principal 130,000 130,000 0 Interest and fiscal charges 733.918 745,710 <11,792> ____863_9___ TOTAL EXPENDITURES ____________ 863,918 ____________ 875,710 ____________ _________ <11,792> EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ____________ <352,625> <360,346> ____________ <7,721> _____________ ' OTHER FINANCING SOURCES (USES) Transfers In 573.244 573,131 <113> Proceeds of debt financing ____________ 78.739 296.638 ____________ 217.899 _____________ TOTAL OTHER FINANCING SOURCES ' (USES) ____________ 651.983 869,769 ____________ 217,786 _____________ EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES s AND OTHER FINANCING USES 299.358 509,423 210.065 ' THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 9L City of Cape Girardeau, Missouri CAPITAL FROJECTS El Ts CONEINI%C S� NCE SHEEC June 30, 1989 THE ,COTE: TO THE FINANCLU STATT- FNrS ,ARF. A,N 1NTFGRNd 1%RT OF THJS 'ST==. 12 General Capital Street FAU Street (TBG Park Totals Improvements Improvements Grants Grants Improvements I9emorandum Fund Find - o F,md Rmd Only) 4SSE'f5 _________ __ _ _ _ _______ _ ________ _ C sh and iv,stsents 90,361 0 0 0 46,663 136,020 Grants re_ rvabie 0 0 79,612 61841 0 85,463 Special 0 399,002 45.719 0 0 444,761 Interes= re sable 0 11,311 0 0 0 11,311 Nates re m .able U 0 0 240,301 0 240,301 Restr4crea -t.,o .ma v., estments 374,215 1,300.025 0 _,"96 0 2,184,135 464.572 21:10.938 1..3,321 ----------- 2.5,-.7 45,663 -- 3,101,991 _i:1HItITIES ktD EWJITT 'FLYD ------ ---- -- ------- — --------- -- -'___ __ _— _- - Accounts ayablc 4.578 2E 594 0 306 351778 Interest dyable 0 1,442 0 0 0 1,442 Due -c other ,o _.meats 0 0 0 95.000 0 96,000 Due t .,her f aa. 0 20,375 40.151 1,341 0 66,667 Deler,ed -,.,nue. 0 ,93.048 15.159 0 0 138,809 Fund Lalance R,, , 3F1..15 1,3GG.u25J - u.C90 0 2,184,135 1 nrese, 81,479 131,3461 89..,51 145,301 46,357 280,162 455.094 1,-69.^79 39,.". Sl 164.-196 45,357 2,464,29, 464,592 2,210,938 125,381 _]5,439 46,663 3,101,991 THE ,COTE: TO THE FINANCLU STATT- FNrS ,ARF. A,N 1NTFGRNd 1%RT OF THJS 'ST==. 12 City oAAfppCaaTgqp. Gi prraEErdTTeauFF NNMiesouri COMBINING STATEMENT OFCREVENbE SRArvDCE%PEND QIURES AND FUND BALANCE FOR THE F15CAL YEAR ENDED JUNE 30, 1989 TOTALS THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. s3 ONLY) GEN CAP STREET FAU STREET CDBG PARK ---(MEMORANDUM IMPROVEMENT IMPROVEMENT GRANTS GRANTS IMPROVEMENT 1988-89 REVENUES ____________ ___________ __________ ____o ____ _ Intergovernmental 0 0 8,959 35.,69] 0 368.656 Cha roes for services 0 0 0 0 0 0 nnterestneous 31,]62 13.886 3.900 3.066 4,496 58.310 TOTAL REVENUES 31,762 ____________ 22.259 ___________ 12.858 __________ 362,763 __________ 4,496 __________ 434,139 ---- EXPENDITURES Current Capital outlay 169,225 291.497 8.700 384.849 84.935 939.206 Debt servic Interest and fiscal charges 19,450 80.968 5.250 9,396 0 115.066 TOTAL EXPENDITURES 188.6]6 3]2.465 13.949 394,24] 84,935 1.054.2]2 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES <156,914> <350.205> <11091> <31,484> <80,439> <620,I34> OTHER FINANCING SOURCES (USES) Transters in 0 100.000 23.255 16,057 95.000 294.313 Transfer out <16.254> 0 0 0 0 <16,254> Proceeds of debt financing 520.863 1.8]1,]41 0 0 0 2.392.604 Proceeds from fixed assets 108.000 0 0 0 0 108,000 Special assessments 0109.9]] 5,084 0 0 115.061 TOTAL OTHER FINANCING SOURCES (USES) 612.608 2,081,719 28.340 76.057 95.000 2,893,724 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 455.694 1,731,513 27,249 44.573 14,561 2.273.590 FUND BALANCE AT BEGINNING OF YEAR, AS ADJUSTED (NOTE K) 03],]66 12.122 110,023 30.796 190,]0] FUND BALANCE AT END OF YEAR 455.694 1,769,279 39.371 154,596 45.357 2.464.297 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. s3 CENRAL CAU ITALrIMdROV�MMNTs�UND STATEMENT OFREVENUESA)ND EXPENDITURES - FOR BHEGFIS( ALA YE ARS EN) ED JUNE 1989 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) ____________ REVENUES ____________ _____________ Interest 31,800 31.762 <38> _______ TOTAL REVENUES ____________ 31.800 ____________ ____ 31.762 _____________ <38> _____________ r EXPENDITURES Current Ca ital outlay 160,000 169.225 <9.225> Debt service ' Interest and fiscal charges 11061 19.450 <18,389> TOTAL EXPENDITURES 161.061 188,676 <27,615> ' EXCESS (DEFICIENCY OF REVENUES OVER (UNDER) EXPENDITURES <129,261> <156,914> <27,653> OTHER FINANCING SOURCES (USES) ' Transfer out 0 <16,254> <16,254> Proceeds of debt financing 520,863 520,863 0 Proceeds from fixed assets 108,000 108.000 0 ____________ TOTAL OTHER FINANCING SOURCES _______ _____________ (USES) ____________ 628,863 ____________ 612,608 <16,255> _____________ EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 499,602 455,694 <43,908> ---------- THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 54 City of Cape Girardeau Missouri FUND STATEMENTTOFEREVENUESEAND IMPROVMENTEXPENDITURES - BUDGET (GAAP BASIS AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1989 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 55 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) _____________ ____________ REVENUES Miscellaneous 8,373 8,373 0 Interest 31,738 13,886 <I7,852> ____________ TOTAL REVENUES 40,111__ ___ 22,259 _____________ <17,852> EXPENDITURES Current Capital outlay 361,701 291,497 70,204 Debt service Interest and fiscal charges 621 80,968 ____________ <80,347> _____________ ____________ TOTAL EXPENDITURES ____________ 362,322 372,465 ________ <10,143> _____________ EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ____________ <322,211> <350,205> ____________ <27,994> _____________ ' OTHER FINANCING SOURCES (USES) Transfers in 100,000 100,000 1'865,39 1,IA:97� 7590 <44;658> Special assessmentsnancing ____________ ____________ ------ _______ _ TOTAL OTHER FINANCING SOURCES (USES) ____________ 2,050,819 2,081,719 ____________ 30,900 ____________ ------------- EXSOUROF AND FINANCING EXCESS CES OVERNEXPENDITURESR AND OTHER FINANCING USES 1,728,608 1,731,513 2,905 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 55 City FAUCSgPEETrGRANTS, FUND STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1989 BUDGET ____________ REVENUES 5,250 Intergovernmental 0 Interest 0 TOTAL REVENUES ------------ 0 EXPENDITURES _________ 12,858 Current _____28.340_ Capital outlay 8,701 Debt service Interest and fiscal charges 5,185 ------------ TOTAL EXPENDITURES ------------ 13,886 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ------------ <13,886> r OTHER FINANCING SOURCES (USES) Transfers in 20,529 Special assessments ------------ 15,253 TOTAL OTHER FINANCING SOURCES (USES) 35,782 FINANCING EXSOURCES OVERNEXPENDITURESR AND OTHER FINANCING USES 21,896 8,700 VARIANCE 5,250 FAVORABLE ACTUAL _________ (UNFAVORABLE) _____________ 8.959 8.959 3,900 3,900 _________ 12,858 _____________ 12.858 8,700 1 5,250 <65> ____________ _____________ 13.949 <63> <1,091> 12.795 ------ _______ 23.255 2.726 5,084 <10,169> _____28.340_ ______<7,442> 27,249 5.353 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 56 Clty of Cape Glrardeau Missouri COMMUNITY DEVELOPMENT BLOltK GRANT FUND STATEMENT OF REVENUES AND EXPENDITURES - BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1989 VARIANCE BUDGET ____________ ACTUAL (UNFAVORABLE) _____________ ' ____________ REVENUES Intergovernmental 348,502 359,697 11,195 Interest ____________ 2,995 ____________ 3,066 71 _____________ TOTAL REVENUES ____________ 351,497 ____________ 362,763 11,266 EXPENDITURES Current Capital outlay 362,566 384,849 <22,283> Debt service Interest and fiscal charges 9,781 9,398 383 _____________ r ____________ TOTAL EXPENDITURES ____________ ____________ 372,347 ____________ 394,247 <21,900> _____________ EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ____________ <20,850> ____________ <31,484> <10,634> _____________ OTHER FINANCING SOURCES (USES) Transfers in 62,643 76,057 13,414 ____________ TOTAL OTHER FINANCING SOURCES ____________ _____________ (USES) ____________ 62,643 ____________ 76.057 13,414 _____________ EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 41.793 ____________ 44,573 2.780 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 57 City of Cape Gir rde Missouri STATEMEDNDTPOF( R(EVENUESMA )N)O EXPENDITURES - FOR THEGFISCALAYEARSENDEDNJUNET30, 1989 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. cS BUDGET ACTUAL pVARIANCEE (UNFAVORABLE) REVENUES Interest 4,500 4,496 <4> _______ TOTAL REVENUES 4.500 4,___ __________496__ _____________ --- EXPENDITURES Current Capital outlay 78,813 84,935 <6,122> TOTAL EXPENDITURES 78,813 84,935 {6.122> EXCESS (DEFICIENCY OF REVENUES OVER (UNDER) EXPENDITURES ____________ <74,313> <80,439> ____________ <6,126> ------------- OTTransfersC In SOURCES (USES) 95,000 95,000 0 TOTAL OTHER FINANCING SOURCES ____________ _______-___-_ (USES) 95,000 95,000 ____________ 0 _____________ EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 20,667 14,561 <6,126> THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. cS City of Cape Girardeau, Missouri ENTERPRISE RUN. OS CO1MINING BALANCE SHEEP June 30, 1989 S—or ASSETS U .899,69 Less a,c_.unula cec deorce intccn Cash snd i estments 59,008 Utility charg, receivable net r C If Course allow --ante for doubtful zee tiabie=1 160,1+1 Grants r eivabi, 50.000 us ants mcu cable a, 245 Interesr rab1e Interest 25,841 Other .ao.es 1::1 e 154,900" Restrnreds::asn mu u,.e_,m ruts ,33.1. 7_1 Prepaid etTenses 106,038 0 9,942,%^_1 pre,fercy, plant ana .,Me.t 0 Lan. 4,71-10 13oildveme =,534 tmPravemenrs other 'aui.din•s- J7.3 59 E4ui Anent 9 309,2;91 Construction in pross .. K, J59 7-1 12.643,u92 16,086,;13 T@ ]'OYES TO THE FIVP_VCL1 STYIT IF_: fS \RE aN TVTEGRAL PART OF TITS STATE7LT. 19 Totals Solid Gaere C If Course airport (Memorandum ------------ Fled ___ Fvnd_____ F1md ___ --1_-____ ___ _____ 0 0 16.664 5,665 154,900" 0 0 315,046 0 0 19,149 69,149 0 0 0 5,246 =,534 0 0 311396 163 19,157 19,447 0 4,091 J 4,091 09,668 0 ,881 x2 4,1 ,263 32_°94 483 2,941 143,386 43 _ _ -----f------ 903,1194 -.727 11i.813 __ 1,961,G67 " d21 0 351,649 136,320 548,546 1,560 81°,919 9,419,400 110.= „191.969 10,984,860 i,I. LOk 185,223 =1,954 1,947,97- ,947,9423.091 3 . 0Ql 22,091 1,968,721 _,563,77 402.541 4,00, 762 2-I, 56,'f8 ,,4,2— _x.',.791 _,254,471 8,196,192 _ _ _ --------- 1 ,221,346 ___________ 242,747 _ _________ 2,436,091 ________ ----------- 16,580,076 2,124,640 283,484 2,547,906 21,341,743 T@ ]'OYES TO THE FIVP_VCL1 STYIT IF_: fS \RE aN TVTEGRAL PART OF TITS STATE7LT. 19 LI. ILITIES Null FULT EQUITY lccounts payable accrued liabilitles p,re,tl, pa,moll tures rd bene!'its lncetest payable Other Liabilities Due nn .abet fu<,d:; _ - uonds p.cable eupimchase obli Satior. ?ayabie chase lands payable .rie!'etted rC�enUe and oqm q' CO[1t_n lbuted C3PI l4l lEetsined e nn Resen'edAt nteserved city- of case Gltatdrau, aissonrl EVTEIiPRISE E,MS MMINING B.1 NCE SR"FI' - CONT?V'UED .,une 30, 1989 S,er er Solid waste Golf C se 6AmdFwd Eund 30,470 8.073 99,301 33.381 20,000 98.67C 1,066,777 1,102.78° 5.934, c, 10.T50,61i 158,866 23,715 39,078 5.560 32,990 5,678 0 0 600,:79 "_6,026 0 9 113,198 ^_17,907 199,357 ] p 0 7 "09,558 ------- ----------- . 1.698 2.121,540 -..3.181 111E Ng= M ME E?NHNCI.'L ST.1PEs1E115 !@F 6 -NT PG P.V1T TE "ITIS STNII4 _NT. 00 Totals aitl�rt (llem lyl um ,md On19) 16.1-19 299,189 1. 184 75,195 0 127,869 33,881 626,305 320,000 0 5,-(36,234 578 S 5._96 1.367,989 d81 4,298._63 _,-19,1'93 7 ,206,265 3P„ ;53 12,862,617 -..517.306 21,541,713 City Or €Jg€R0i T�Ed€0HbSMis1111i COMBINING STATEMENT OF REVENUES AND EXPENSES AND RETAINED EARNINGS FOR THE FISCAL YEAR ENDED JUNE 30, 1989 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. b TOTALS (MEMORANDUM ONLY) SEWER SOLID WASTE GOLF COURSE AIRPORT 1988-89 OPERATING REVENUES Federal grants 0 0 0 170,735 170,735 State grants 0 67 '- 0 11539 1.606 Residential charges 734,876 669,656 0 0 1,424,531 Commercial charges 504,386 492.240 0 0 996,626 Transfer station charges 0 152.339 0 0 152,339 Equipment sales 0 0 9,440 0 9.440 Concession revenues 0 0 36,894 0 36,894 Golf course fees 0 0 234,457 0 234,457 Other rees and charges 29,503 0 0 91990 39.493 Rental revenue 0 2,535 0 74,823 77,358 Donatins 0 0 0 1,000 1.000 Other miscellaneous 1.657 15 1.948 135 3,754 Interesincome 76.588 ____________ 70,117 ____________ 1,112 6.177 153.994 1,347.010 1.406.969 ------ 283.852 _____2222 264.399 3,302.230 OPERATING EXPENSES Personnel s rvlces 442.756 615,945 116,938 42.260 1,217.899 Materials nd supplies 50,313 54,113 72,420 10,426 187.272 Contractual services 184,139 376.767 46,313 206,132 813.351 General operating expenses 64,506 42.938 4,653 1,083 133.180 Special projects expense 6.138 0 0 27.383 33521 v Internal service expenses 154,341 231.847 29.146 5.249 420..584 Depreciationexpense 443,806 121.225 38.134 143.076 746,242 ------------ 1.366,000 1.442.835 307,604 435.610 3.552.049 OPERATING LOSS <18.990> <35,866> <23,752> <171,211> 1249,819> NON-OPERATING EXPENSES Issuance cost amortization 5.472 5,572 0 0 11.044 Interest and handling costs 236,097 130.272 18.719 3.535 388,623 ____________ 241,569 135.844 ____________ 18,719 ------------ 3,535 ____________ 399,667 ---- INCOME (LOSS) BEFORE OPERATING TRANSFERS <260,558> <171.710> <42,471> <174,746> <649.486> OTHER FINANCING SOURCES (USES) Transfers in 95.000 0 0 50.000 145,000 Compensation for damages 0 0 0 163 163 Sever assessments 1.376 00 0 1,376 ____________ 96,376 0 _________ _ 0 ------------ 50.163 ------------ 146.539 ____________ NET INCOME (LOSS) <164,182> <171,710> <42,471> <124,564> <502,947> RETAINED TEDINTBEGiNNING OF YEAR, JUS(NOTE K) 9.520.040 42.393 47,069 2,398,073 12.007,575 RETAINED EARNINGS AT ENO OF YEAR 9.355.858 <129,317> 4,598 2.273,489 11.504.628 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. b City of Cape Girardeau, Missouri INTERNAL SERVICE FUNDS COMBINING BALANCE SHEET June 30, 1989 Data Fleet Totals Processing Management (Memorandum Fund Fund Only) ASSET'S Cash and investments 65,884 303,027 368,911 Other receivables 0 7,885 7,885 Imentories 0 12,353 12,353 Prepaid expenses 36,809 70,589 107,398 ___________ ___________ 102,693 393,854 ___________ 496,547 Property, plant and equipment Land 0 37,500 37,500 Buildings 0 359,066 359,066 Improvements other buildings 0 15,150 15,150 Equipment 590,375 114,413 404,788 590,375 526,129 1,116,504 Less accumulated depreciation 158,781 143,''=80 302,061 431,594 382,849 814,443 534,287 176,703 1,310,990 _____ LIABILITIES .AND FUND EQUITY .Accounts payable 44,177 84,894 129,071 Accrued liabilities Payroll,payroll tales and benefits 3,618 26,261 29,879 Retained earnings 0 0 0 Tnreserved 486,492 665,548 1,152,040 534,287 ___________ ___________ 776,703 1,31.09990 1'HE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEFGRAL PART OF THIS STATF_NEMP. 62 City of Ca COMBINING STATEMENT OF REVENUES AND EXPENSES FOR THE FISCAL YEAR ENDED JUNE 30, 1989 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT 63 TOTALS DATA FLEET (MEMORANDUM ONLY) PROCESSING MANAGEMENT 1988-1989 r OPERATING REVENUES Interdepartmental services 271,294 816,433 1,087,728 Other miscellaneous 0 54 54 ' Interest income ---------- 340 21,025 ----------- 21,364 271,634 837,511 ---------- 1,109,146 OPERATING EXPENSES Personnel services 49,029 239,208 288,237 Materials and supplies 4,664 289,965 294,629 Contractual services 117,112 255,700 372812 General operating expenses 1,162 1,105 2,,267 Internal service expenses 0 8,030 81030 Depreciation expense 58,501 21,871 80,372 ----------- ___________ 230,467 ----------- 815,879 ___________ ----------- 1,046,346 ----------- LOSS BEFORE OPERATING TRANSFERS 41,167 21,633 62,800 ' NON-OPERATING EXPENSES Interest and handling costs ___________ 868 0 ___________ 868 ----------- INCOME (LOSS BEFORE OTHER FINANCING SOURCES (USES) 40,299 21,633 61,932 OTHER FINANCING SOURCES (USES) ' Sales of fixed assets 0 141 141 Compensation for damages ___________ 0 4,191 ___________ 4,191 ______----- - ----------- 0 4,332 ----------- 4,332 ----------- NET INCOME 40,299 25,965 66,264 RETAINED EARNINGS AT BEGINNING OF YEAR, AS ADJUSTED (NOTE K) ___________ 446,193 639,583 ___________ 1,085,776 ----------- RETAINED EARNINGS AT END OF YEAR 486,492 665,548 1,152,040 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT 63 City of Cape Girardeau, Missouri TRUST .AND AGENCY FUNDS COMBINING BALANCE SHEET June 30, 1989 Deferred Compensation Fund ------------- ASSETS — Restricted cash and investments 164,862 LI.ABILITIES Deferred compensation due employees 164,862 THE NOTES TO THE FINANCIAL STATEMENTS ARE .AN INTEGRAL PART OF 'THIS STATE T. 64 KERBER, ECK & BRAECKEL C FLED PUBLIC ACCOUNTANTS 1221 BROADWAY OFFl PS IN cwE OIRAnDP Ul MLSSONU CAPE GIRARDFAU, MI.SSIXIRI 6370I Sf LQ1L5. MISSOUW SPBPIGFIEID.ISC N MILWAIMEE WISCONSIN WASNWOTON. DC INDEPENDENT AUDITORS' REPORT ON SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri MEMBEPS AMERICAN INSITVfE OF CERTIFIED PVBLK ACCOIIMANTS 31633<L556 We have audited the general purpose financial statements of the City of Cape Girardeau, Missouri for the year ended June 30, 1989, and have issued our report thereon dated September 15, 1989. '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. 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 15, 1989 65 Federal Grantor/Pass-Through G_an.or/Title Department of Housing and Drtnn Development Passed through Nis -sour_ Department of Economic Develop:nont a - unit, Deveiopnent 31.,cGrant CDA-*04-6fi; H6 -ED -11 unity o 5 lopmo't H1 oci: ;rant 96-7-10 Communit; relopn,ent 91ocn ::rant ':D:\-106-36: 37-=--06 uni tc 2oant eloci< 32.v,t r]UA-.W-j re�6-9D-09 'e iopnent 3locic uvant 5_,ii J pig ment lo'.,sing and Urban Deveio men=_ Goa ya Jni m...t nation DCF.'09--i5-T_0307 i_ 1 .t -r FL-29-OU1°-1-5 mrougn Missouri D,,, ,ant of Public Ba[ety tet. Ch,kiaoint 88-J2-18 aw Gce Co FehensiCommunity- Tralfic aui ecy-88-40-J9-02 Cvpe GirardeauC rehensice Community Traffic Safetyu89-90-09-03 Passed dirough Missouri Nighwag and Transportation Delurtment Public Taxi Coupon Trans, lation Program M 18 -X007 -4M Public Teri Coupon Transportation Program MO- 18 -X005 -4C2 Federal Aid Uih Program FAIT Grant - N-1518(002) FADE crani - M-1505(001) FAUP Grant - )(-1505(003) Total U.S. Denariment of Transportation cb City of Cape Girardeau, Missouri SCHFD= OF F_DF FINANCIy SISTkNCE June 30, 1989 Federal Program CODA r Award Balance Disbursements/ BaL,ace Numb r 4mc.t Jin, 30, 1926 P., is E nendi tvr A., 30 -989 14.219 n 293.365" S '.6,5°:1 S - n 186 -n 16,780) 14.219 205,000 12,752: 5,341 9.b21 16,2351 14.219 3-16,868 -.:,786 211-,311 220,157 111,951) 14.219 314,000 19,661: 138.x30 113.276 114,5071 14.2'_9 487.900 - - 10-91 110, 9 1 ) l_-17..',3 f4— 7911 358,382 383,34 89,3441 746,591 - 11G .,'m0 116,090 - ,�, 20.600 3.300 - 111 411 - 20.600 75.000 - .7,-_a 20.600 75,000 - 44,010 44.G10 - 20.509 52,500 - 52,1-00 189,645 (139,145) 20.509 52,500 - - 963 (963) 20.205 - (85,051) - - 185,0511 20.205 - 196,8621 - 19,628 1116,490) 20.205 8,"5 15.132 fl.�73) 460,846 (181,913) 293,833 460,480 (348,5601 Clap oL Cape Giremdeau, Missouri SCHI9LE.E OF FMERY. FI6ANCL46 ASSISThNCE - a 71N1£1, June 30, 1989 Federal CFDA Federai Gran�s_�heou¢h urantor/Title __ Number UePartment of Justice Pawed through Missouri I.,, I.,t of Publ is SaYeLF PlcLi m/ki tnes's ?ssi sifu,ce 15.91E T(YI FEDERA6 : SSISTANCF PF.gram a.a,d 6eiance Disbursements/ Balance �r 4moun_t June 3C 1988 Receiots F_evcnA Ltur Jun, 10 1989 _ g�98 __ 4_498 6,115 (1 617 ) $2,112,477 $1226,7061 $ 6.56,913 $ 850,329 81420,1211 KERBER, ECK & BRAECKEL C FIED PUBLIC ACCOIJWAN S 1221 BROADWAY OFFlCES IN MEMBERS AMERICAN CME GIPMpFAU, MISSOUIU CAPE GIRARDEAU, MISSOURI 63701 INNrt OF CERNEIEO SI'. LWLS. MISAl11L R Ic ACCOUMAM$ SPIUNGFlEID. IWN � MLLWAUKEE WISCONSIN ]I<dNd%! WAS .N N. OG 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, 1989, and have issued our report thereon dated September 15, 1989. 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. Compliance with laws, regulations, contracts, and grants applicable to the City of Cape Girardeau, Missouri is the responsibility of the City of Cape Girar- deau'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, regu- lations, 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. 68 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 15, 1989 69 KERBER, ECK & BRAECKEL CEaI ED PUBLIC ACCOUNTANTS 1221 aROADWAY OFFICES IN MEMME MIEWG CME GIPAPDE4; MLSSWflI CAPE GIRARDEAU. MISSOURI 6 701 INSRRIIE OF CE"FIED Sf. LIXM1S. MISSOUN PUBLIC ACCGGM.V+TS S NGFlEW.. LLLNgs MILWAUN WI NSILA J14J]4p580 WASIYNGION. OC 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, 1989: political activity, Davis -Bacon Act, civil rights, cash management and federal financial reports. r 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. Cape Girardeau, Missouri September 15, 1989 70 KERBER, ECK & BRAECKEL CE MED PUBLIC ACCOUNTANTS y 1221 BROADWAY OFFICES IN MEMBEILS AMEP CAPL GiPABGFFAII. MI.5.59UN CAME GIMRDEAU, MISSOURI 63701 INSITRIIE � CERfIFJF1EG ST. LOUS, MLLSIXIIV PUBLIC ACCCUNIANTS _ 5%UNGPIml,.ILLMGLS MILWNIKFE. WIS(DNSIN 31433405BB WASHINMON, oc INDEPENDENr AUDITORS' REPORT ON COMPLIANCE WITH SPECIFIC REQUIREME47S 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, 1989. 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 stand- ards, 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, 1989. Cape Girardeau, Missouri September 15, 1989 i1 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 1989 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, 1989. As required by CMB 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 15, 1989 72 KERBER, ECK & BRAECKEL CERnFIED PUBLIC ACCOUWT S 1221 BROADWAY OFFICES IN MFJ.IBERS EPICAN C.VE GINANDEAG. MISSOURI CAPE 0IRAROFi1U. MISSOURI 63 01 INSZRCE ST 1.q 115. MISSOUW RIRLLC IC ACCF WMRI1ANTS SFWNGFIEDJ. IWNgS — � MLLWAUNFE. WIvUN51N ]I�i34O596 WASWNGION. OC 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 1989 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, 1989. As required by CMB 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 15, 1989 72 KERBER, ECK & BRAECKEL C RFD PUBLIC ACCOUNTAWS 1221 BROADWAY OFAf.ES IN MEMBERS AMERICAN f:APE GIgARp ' MISSIXINI CAPE GIRARDEAU. MISSOURI 63701 IKSIrtvIE OF CE WIED ST. LQIIS, MISSOUIY RI.0 A.NI' S SPWNfiP181D. Y MILWAUNEE WLSfDN5IN 314 ]]4L000 WASONB .. DC INDEPENDENT AUDITORS' REPORT ON INTIIWAL CONTROL STRUCTURE RELATED MATTERS NOTED IN A FINANCIAL STATERWr AUDIT CONDUCTED IN ACOORDANCE 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, 1989, and have issued our report thereon dated September 15, 1989. 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, 1989, 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. 73 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 a 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 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 15, 1989 74 KERBER, ECK & BRAECKEL CERTIFIED PUBLIC ACCOIMt S 1221 BROADWAY OFFICES IN ...FS AMEBIU CME OIRnROEAU. ,ALSSOOW CAPE GIRARBE 1U. MISSOURI 6370I INSTIViE OF CE"F1ED Sf LQ MISSOUNI RIBI.IC nCCIX1MAM5 SPNNCiPIE1D.IW MNOLS i WN W=NSIN 31�d310568 WASNINO N. OC. INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROLS (ACCOUNTING AND ADMINISTRATIVE) -BASED ON A STUDY AND EVALUATION MADE AS A PART OF AN AUDIT OF ITE GENERAL. PURPOSE FINANCIAL STATEME47S 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, 1989, and have issued our report thereon dated September 15, 1989. 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 AUditinE Standards, issued by the Comptroller General of the United States, the Single Audit Act of 1984, 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: 1. Cycles of the Entities' Activity Treasury or financing Revenue/receipts Purchase/disbursements External financial reporting 2. Financial Statement Captions Cash and cash equivalents Receivables Property and equipment Payables and accrued liabilities Debt Fund balance 3. Accounting Applications Billings Receivables Cash receipts Purchasing and receiving Accounts payable Cash disbursements Payroll Property and equipment General ledger 75 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 Controls Used in Administering Federal Programs a 4. General Requirements Political activity .. Davis -Bacon Act Civil Rights Cash management Relocation assistance and real property acquisition Federal financial reports 5. 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 admin- istrative 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, 1989, the City of 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 normiajor 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. 76 INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROLS (ACCOUNTING AND ADMINISTRATIVE) -BAS® 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 ACI' - CONTINUED 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. 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 distribu- tion of this report, which, upon acceptance by the City of Cape Girardeau, Missouri, is a matter of public record. Cape Girardeau, Missouri September 15, 1959 77 SUPPLEMENTAL INFORMATION 78 City of Cape Girardeau, Missouri ESmployee dishonesty; City Manager, $50,000; Comptroller, City Collector/Treasurer, and City Clerk, $40,000 Workmeds aompensation and emptoyers liability - statutory Sewage treatment plant - $1,000,000 11miL; $1,000 deductible Aotemobile insurance - liability S800,W0 per accident, full comprehensive and collision coverage.; uninsured motorist, $25,000 per accident Airport liability and property damage, $1,500,000 for ach occurrence Surety Bond - Assistant City Manager, $40,000 Contractor equipment Mobile Property Floater policy - radios, $206,966; $100 deductible Cape Girardeau Municipal Band, musical instruments floater, $14,184 Public Erployee Blanket Bond, $20,000 Liability, $1,000,000; S2,500 deductible Cape Girardeau Public Library buildings and contents $1,050,000 limit, 90% c n bui Ldings, $160,000 limit, 90% wmsuuance en contents Police Professional Liability, $10,000 deductible; Public officials e rand o only, $10,000 deductible; general liah,lity,r$ 0,000 deductible; $800,000 Per .,,u, ace Cape Girardeau Police Reserves, $10,000 ma.um , $25 deductible STATQILTT OF INSURANCE COVERAGE For Year ended June 30, 1989 Issue Date Expiration Date = om �y and_Pollcv NumIder___ December 1, 1988 December 1, 1991 The Aetna Casualty and Surety Commy; Bond k 5IF100148939 BCA August 1, 1988 August 1, 1989 Hartb,ni Accident and Indemnity Company; Policy p 37-W7-ADR316 July 1, 1988 Jul, 1, 1989 Hartford Steam Boiler Inspection and insurance Company; skrSL-9223235-15 Policy April 1, 1989 April 1, 1990 B.S. Fidelity and Guaranty Company; Policy s L4B-11259790300 June 30, 1988 June 30, 1989 C.neral Insurance Company of America; Policy x API 093842 August 28, 1988 August 28, 1989 The Aetna Casualty and Surety Company; Bond k 5100198828 August 29, 1988 August 29, 1989 U.S. Fiedlity and Guaranty C party; Policy 3 108250131 Jul] 1, 19RH July 1, 1989 United States Fidelity and Guaranty Company; Policy R 10824069300 March 8, 1989 March R, 1990 C mmerci.I Linen Insurance Company; Policy e =893969 September 29, 1987 September 29, 1990 Aetna Casualty and Surety Company; llond * F100458137 June 1, I9R9 June 1, 1990 The Association Profess. anal Liability Insurance Plan; Policy k 97N-6000717 May R, 1989 May R, 1990 Hanover Insurance Comair, Policy k ML -239-22-90 January 1, 1989 J'cuou, 1, 199D Hieeouri Public Entity Risk Management Pond; Policy s 1049 April 10, 1989 July 1, 1990 Hartford Accident. and Indemnity Company; policy K 84 -SR -961027 ESmployee dishonesty; City Manager, $50,000; Comptroller, City Collector/Treasurer, and City Clerk, $40,000 Workmeds aompensation and emptoyers liability - statutory Sewage treatment plant - $1,000,000 11miL; $1,000 deductible Aotemobile insurance - liability S800,W0 per accident, full comprehensive and collision coverage.; uninsured motorist, $25,000 per accident Airport liability and property damage, $1,500,000 for ach occurrence Surety Bond - Assistant City Manager, $40,000 Contractor equipment Mobile Property Floater policy - radios, $206,966; $100 deductible Cape Girardeau Municipal Band, musical instruments floater, $14,184 Public Erployee Blanket Bond, $20,000 Liability, $1,000,000; S2,500 deductible Cape Girardeau Public Library buildings and contents $1,050,000 limit, 90% c n bui Ldings, $160,000 limit, 90% wmsuuance en contents Police Professional Liability, $10,000 deductible; Public officials e rand o only, $10,000 deductible; general liah,lity,r$ 0,000 deductible; $800,000 Per .,,u, ace Cape Girardeau Police Reserves, $10,000 ma.um , $25 deductible City of Cape Girardeau, Missouri STATEMENT OF INS➢ NCE CCV lo%GE - C =NLE➢ For Year ended June 30, 1989 Issue Dnte _E,p ratiou Date Commny and Policy Neent, July 22, 1988 July 22, 1989 Lumbermens Mutual Casualty Company; Policy # 3AT-581-133-00 August 1, 1988 August 1, 1.989 Lumbermen Mutual Casualty Company; Policy # 347-091-920-00 August 12, 1988 August. 12, 1989 American Security Insurance Company; Policy # 290800906985 August 12, 1988 August 12, 1989 American, Security Insurance Company Policy a 290800907088 August 12, 1988 August 12, 1989 American Security Insurance Caimpany; Policy # 290800906888 August 12, 1988 August 12, 1989 American Security lnsurance Company; Policy # 290800906688 August 12, 1988 August 12, 1989 America, Security Insurance Company; Policy # 290800906968 Map 8, 1989 July 1, 1989 The Aetna Casualty and Surety Company; Bond F F100399772 8J F.D.P. Policy; $350,000 hardware; $150,000 software, $1,000 deductible; $2,000 deductible for mechanical breakdown Blanket - various buildings and contents - $11,771,976, 90% coinsurance; $25,000 deductible Tridaing filter building - Southeast Corner, Pacific Street and Missouri Pacific Raillrond, $100,00C; $500 deductible Garage and shop flood i - Southeast Coer, Cooper Street and MissourirPacrn £�c Railroad, $90,200; $500 deductible Pump station - Southeast Corner, Pacific Street and Missouri Pacific Railroad, $100,000; $500 deductible Laboratory building - Southeast Cerner, Cooper Street and Missouri Pacific Railroad, $100,000; $500 deductible Vacuum/ incinerator - Southeast Corner, Pacific Street and Missouri Pacific Railroad, $100,000; $500 deductible Public Employee Bhaskar Hand, $10,000