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Home My WebLink About1994-1995.AuditReportr FINANCIAL STATEMENTS AND r INDEPENDENT AUDITORS' REPORT CITY OF CAPE GIRARDEAU, MISSOURI June 30,1995 CONTENTS FINANCIAL SECTION Page Independent Auditors' Report 7 GENERAL PURPOSE FINANCIAL STATEMENTS Combined Balance Sheet - All Fund Types and ` Account Groups 10 Combined Statement of Revenues, Expenditures and Changes in Fund Balance - All Governmental Fund Types 12 Combined Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Budget Basis) - General and Special Revenue Fund Types 13 Combined Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Budget Basis) - Debt Service and Capital Projects Fund Types 14 Combined Statement of Revenues, Expenses and Changes in Retained Earnings - All Proprietary Fund Types 15 Combined Statement of Cash Flows - All Proprietary Fund Types 16 Notes to Financial Statements 17 COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS 52 GENERAL FUND Comparative Balance Sheet 53 Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 54 SPECIAL REVENUE FUNDS ` Combining Balance Sheet 55 Combining Statement of Revenues, Expenditures and Changes in Fund Balance 56 Convention/Visitors Special Revenue Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 57 r CONTENTS - CONTINUED SPECIAL REVENUE FUNDS - Continued Airport Special Revenue Fund - Schedule of Revenues and Expenditures - r Budget and Actual (Budget Basis) 58 Downtown Business Special Revenue Fund - Schedule of Revenues and Expenditures - �' Budget and Actual (Budget Basis) 59 Parks and Recreation Special Revenue Fund - r Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 60 Health Special Revenue Fund - r Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 61 r Motor Fuel Tax Special Revenue Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 62 Capital Improvements Sales Tax Special Revenue Fund - - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 63 r Flood Protection Special Revenue Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 69 Vision 2000 Special Revenue Fund - Schedule of Revenues and Expenditures - r Budget and Actual (Budget Basis) 65 DEBT SERVICE FUND r Debt Service Fund - Comparative Balance Sheet 66 r CAPITAL PROJECTS FUND Combining Balance Sheet 67 r Combining Statement of Revenues, Expenditures and Changes in Fund Balance 68 r General Capital Improvement Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 69 CONTENTS - CONTINUED CAPITAL PROJECTS FUND Corp Flood Control Capital Project Fund - Schedule of Revenues and Expenditures - " Budget and Actual (Budget Basis) 70 Street Improvements Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 71 FAN Street Grants Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 72 Community Development Block Grant Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 73 Park Improvements Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 74 ENTERPRISE FUNDS Combining Balance Sheet 75 Combining Statement of Revenues, Expenses and Changes in Retained Earnings 76 Combining Statement of Cash Flows 77 Sewer Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 78 Water Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 79 Solid Waste Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 80 Golf Course Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 81 Softball Complex Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 82 CONTENTS - CONTINUED INTERNAL SERVICE FUNDS Combining Balance Sheet 83 Combining Statement of Revenues, Expenses and Changes in Retained Earnings 84 Combining Statement of Cash Flows 85 Data Processing Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 86 Fleet Management Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 87 Employees' Fringe Benefit Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 88 Risk Management Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 89 r AGENCY FUNDS Combining Balance Sheet 90 Library Agency Fund Statement of Changes in Assets and Liabilities 91 r Arena Improvement Agency Fund Statement of Changes in Assets and Liabilities 92 Deferred Compensation Agency Fund Statement of Changes in Assets and Liabilities 93 Park Development Foundation Agency Fund Statement of Changes in Assets and Liabilities 94 FIXED ASSETS Schedule of General Fixed Assets by Source 95 Schedule of General Fixed Assets - By Function and Activity 96 Schedule of Changes in General Fixed Assets - By Function and Activity 97 r CONTENTS - CONTINUED LONG-TERM DEBT r Schedule of Changes in Long -Term Debt 98 r Schedule of General Long -Term Debt 99 SINGLE AUDIT SECTION 100 Independent Auditors' Report on Schedule of Federal Financial Assistance 101 r Schedule of Federal Financial Assistance 102 Independent Auditors' Report on Internal Control Structure Based on an Audit of General Purpose Financial Statements Performed in Accordance With Government Auditing Standards 104 r Independent Auditors' Report on Compliance Based on an Audit of General Purpose Financial Statements Performed in Accordance With r Government Auditing Standards 106 Independent Auditors' Report on the Internal Control Structure Used in Administering Federal r Financial Assistance Programs 107 Independent Auditors' Report on Compliance With the General Requirements Applicable to Major and Nonmajor Federal Financial Assistance Programs 111 Independent Auditors' Report on Compliance With Specific Requirements Applicable to Major Federal Financial Assistance Programs 112 Independent Auditors' Report on Compliance With Specific Requirements Applicable to NonMajor Federal Financial Assistance Programs Transactions 114 INDEPENDENT AUDITORS' REPORT ON THE GENERAL PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri We have audited the accompanying general purpose financial statements of the City of Cape Girardeau, Missouri as of June 30, 1995, and for the year then ended as listed in the table of contents. These general purpose financial statements are the ,,. responsibility of the 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, Government Auditing Standards, issued by the Comptroller General of the United States, and the provisions of Office of Management and Budget Circular A-128, "Audits of State and Local Governments Those standards and OMB Circular A-128 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 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 general purpose financial statement presentation. We believe that our ., audit provides a reasonable basis for our opinion. In our opinion, 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, 1995, and the results of its operations and cash flows of its proprietary fund types for the year then ended in conformity with generally accepted accounting principles. Begley, Janssen, Young & Birk CERTIFIED PUBLIC ACCOUNTANTS ` 2103 THEMIS ST - CAPE GIRARDEAU, MISSOURI 63701 - TELEPHONE (314) 334-2845 - FAX (314) 334-4338 PARTNERS JOHN R. JANSSEN, CPA JENNIFER WESTRICH TERRY R. BEGLEY, CPA GRADY S. MARTIN LAWRENCE E. YOUNG, CPA KELVIN W BIRK, CPA INDEPENDENT AUDITORS' REPORT ON THE GENERAL PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri We have audited the accompanying general purpose financial statements of the City of Cape Girardeau, Missouri as of June 30, 1995, and for the year then ended as listed in the table of contents. These general purpose financial statements are the ,,. responsibility of the 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, Government Auditing Standards, issued by the Comptroller General of the United States, and the provisions of Office of Management and Budget Circular A-128, "Audits of State and Local Governments Those standards and OMB Circular A-128 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 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 general purpose financial statement presentation. We believe that our ., audit provides a reasonable basis for our opinion. In our opinion, 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, 1995, and the results of its operations and cash flows of its proprietary fund types for the year then ended in conformity with generally accepted accounting principles. Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri r Page 2 Our audit was made for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The combining, individual fund and account group financial statements and schedules listed in the table of contents are presented for purposes of additional analysis and are not a required part of the general purpose 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 financial statements and, in our opinion, is fairly presented in all material respects in relation to the general purpose financial statements taken as a whole. BEGLEY, JANSSEN, YOUNG & BIRK ape Glardeau, Missouri October 20, 1995 0 r GENERAL PURPOSE FINANCIAL STATEMENTS I 1 1 1 1 1 1 1 1 1 1 1 I 1 I I I- 1 I cit, of Cape GYadmu, Mlaa..I COM WED BMAWCE SHEET ILL FUND TYPES AND ACCOUNT GROUPS Jullow. 1895 Rw.m, GovannlwlW Funtl TYp 3 Ws 91.b" Fund TYma Funtl TYpe AGaua troups Geeael Ga0sa1 Ga4r5Al speabl J3eYmue Debt SsnfO CapeeW P'Ak Ent -I., laemel BMSVA ADa= Fbmd AsSete Tab -Ta nebL_ Td24 lslengm,,[L fi-�LC86 n Odvt R -9f ASSETS AND OTHER DEDFTS Aeaem: Cub wd man eauirebrm 52TOB.Wi 51.165.917 51,950,916 .1,21205) SL551.Y15 512,936 $- $- $12,53e,5W2 5M874,180 Inreatneae - 1,115. 569 .6 .910 210 1,651.M6 710.205 5630,000 1,215,823 - - 7,712.W1 16.5501011 Rem'Nab4a, ret dallovalwes for tl�tlW remiabba Peelmmla, pelsolel pRueM, aM mer<hema W. 44911 7,3]3 12753 - - - 19.101 - - 64741 84133 salesmx 559,e21 1(6.820 _ _ _ _ _ _ _ 650.791 590,58 596.959 1129516 Hot9-mMal mx recevatla - 31,331 - - - - - - - 51,336 28016 fineleuartm.�remMade - 19,081 19,061 11,016 $Pe IaremreceMede ameaenmm mceiable 14]{3 - )25,111] 147."7 101.036 - - - - 1,011.13 )21,150 O IM.t laerm[remMI. 67.1% 1],662 35,1)1 M7 33,SJ] 55,303 10.511 216.023 18],866 remNeblm 6],196 2q)es - - 841% 0].26) ]SI - - 206,1)6 13,660 N.M.a Nr j - - - 1208] - - - - - 1209) 16,130 =etl la.Wro nmeaal recaveblm MotorNhpoW - 6]429 - - - - - - - 81529 683]9 MolorwOgm hrM lem - 14118 - - - - - - - 16748 1;269 Motor veMCle mlm mi - 1],&52 1],852 18660 Granm remvapb 38630 28352 - 1]1,3]5 13181 282598 lW,230 DJBham OMClun(b 1,=,313 132237 1,1BT,610 2w."6 AMe.Wb rf". 1,]52.500 - - - - - _ _ - 1.)52,500 1,197,500 InvanWme 71 - - - 154592 5.116 - - - 165079 161.662 eaxb HC.hGCess n end m50 e3uNelerns - - - - 11.586.822 - - - - 13.WI.W2 1 Iweebn.. - - - 3561,369 - - - 3,561,359 1.633,56] I.ula Frapeltl hems ]L905 11091 - - 682,808 11.2]6 . - - - 650,500 556,362 aeeem, tot Df eccumumtad WP.W atlebon - - - - 32268,150 ]15.935 - 14639,351 - 13651,86 )9.50],350 OB de : Mncua aw eM Debts mFultl _ _ _ _ _ _ _ _ 2507,081 2,507,001 9,]61,150 gnauaw ba prwkMla mBreneN 16116,599 14116,599 14260,661 Mn��le mbe provided forin58e paymere of cpnpemfltetlabmrcm 512399 w,M9 191531 Taal loam and alsm defib SM813.0a6 53153556 Sa M.M 67.0154500 551.612817 S1124,7W 51,656516 s10.639351 519,596828 s11o,516.055 5101321,199 (CONTINUED, THE NOTESTOTHE FINANCIAL STATEMENTS AREAN INTEGRAL PARTOFTH6 STATEMENT, I I I I I I I i t I I I I - I t r r I T CRy at Cap Gtmd®u, Mleemal CONNNED BALANCE SHEET Ail.FUND TYPES AND ACCOUNT GROUPS J.W. 1995 TOW iWaII a, "At, and UBerf sad'b54073,076 53153556 3tP2 70 �N_ 64299)-t&1247611656518 150.109351 19 629 51105468'5 510].39.10.9 THENOTES TOTHE FINANCIAL STATEMENTS ME AN INTEGRAL PARI OFTH6 STATE ENT. Fiduciary GoammslW Fund Types Prgpne Fond Tyner Fund Typo Acmnl Ursps Special DOM Capital Internal GmaW Fbad Dermal Long -Term Toms tMendrand m Only) UAMUTIES, EQUITY AND OTHER CREDITS Gmpam Have, ,^ ngce_ P[siodta. Erdt@mo_ Sora. AomcY 6s9a,. -_RdIL 5=M -3S S=9=D1 Accounts payable 52191030 ¢92,809 S- 5111349 5068310 5164,40.5 MOXI S- S- $1,720,976 51,664,477 Acaued 16Wlibee Satudea,payrdl boas and b..fb 260.879 46292 - - 130,386 25196 11,400 - 512,349 1,@6112 910,717 NOfee payable - - - - 44,002 - - - - 44,002 - 9tereNpayato _ _ _ _ 303,966 _ _ _ _ 3@,966 351.063 ORwlebilNet 3.299 267 - - 141,315 44 346152 - - 59,097 447,483 Due b otipr goaemm mb 4,419 - - 509 181,466 - - - 81,N1 264228 29.952 Due to ower funds - 50.590 132,237 IM,453 031,330 - - - - 1,182,610 250.777 Pdvmdo fmm otlnrfW. - - - - 1,677,500 - 75000 - - 1,F2,90 1,97,500 Current po on of tap -term debt 971,231 2,W2,769 3,020,8,4 9.694,319 torp-temm dant met m caTemt porion N f. Ravenuebond,peyeblo - - - - 24832,022 - - - - NUU2.022 15657244 LN.ebold r.uo bond. peyebla - - - - 2,740.459 - - - 1%214970 12955,329 15081,605 Cetbl®tmof,amak,mon _ _ _ _ 3,49,030 _ _ _ 3,325,000 6,745,030 3,46%0110 General 0mi,eon raNOUdg bonds payable _ _ _ _ _ _ _ _ 3,330.003 3,390.000 3.W.0W Estimated 6nntlll do.oe and post- J08ue care adx1dy 913,250 913,250 2,132,M7 DeleTm mm pensmlon (Le empoyee. - - - - - - 1,215,073 - - 1,215.923 901,051 Debned lwa. 11075,119 2]4,]93 ]32,1]4 116121 2,22B.W7 1]50070 TOW Waitties 1.533.746 475,]]1 861,411 31,423 3%133.039 490,207 1,ad8,516 - 1%590929 61.208.022 5.219.493 Equty and [door sects: Invennmt In genal lbDdaeem. - - - - - - - IQ639,351 - 1.6391= 1Q451750 COmrbuted npWl - - - - 14370.745 - - - - 14370,745 15151561 H.binW .Hnln,t: Reserved - - - - 24667 - - - 24667 25000 under.. _ _ _ _ (077,454) 2,64,461 _ _ _ 1,717,031 (622,991) Fund Saw..; Reserved 1,51 250.289 2,907,801 5,84,562 - - - - - 1Q851,742 11.749734 Unasorvad 3,309,310 2,418.0ti - y7495 - - - - 8,705.301 5,348,835 Tow Nasty ant ants media 5,319.307 2677705 2,90711T1 6�_W7 15509.950 2,634,01 - 1Qfi39,351 - 44340933 49.103656 TOW iWaII a, "At, and UBerf sad'b54073,076 53153556 3tP2 70 �N_ 64299)-t&1247611656518 150.109351 19 629 51105468'5 510].39.10.9 THENOTES TOTHE FINANCIAL STATEMENTS ME AN INTEGRAL PARI OFTH6 STATE ENT. City of Cape Girardeau, Missouri COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30, 1995 GOVERNMENTAL FUND TYPES TOTALS SPECIAL DEBT CAPITAL (MEMORANDUM GENERAL REVENUE SERVICE PROJECTS Off_ THE NOTES TO TEE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 12 $- $12,379,065 1,059,118 592,322 2,162,318 - 613,537 - 433,821 - 501,565 - 172,677 365.678 1.194.364 958,000 18,516,486 - 2,115,694 - 1,119,984 - 1,549,005 - 6,440,889 - 1,709,219 - 123,390 1,823,176 1,823,176 - 8,973,375 21.804 1.478.434 1,844,980 25,333,167 886,981 (6,816,680) 248,148 REVENUES (99,435) (4,499,583) - 19,317 Tares $9,496,242 $2,595,917 $286,926 r Licenses and penults 1,059,118 - - Intergovemmental 231,410 1,329,738 8,847 ,. Charges for seMces 274,657 338,880 - Interdepartmental seMces 433,821 - - r Fines and fortelt res 501,565 - - Miscellaneous 66,722 105,955 - Interest 280,773 163,929 383,984 r. TOTAL REVENUES 12,344,309 4,534,419 679,757 EXPENDITURES r Current Adrnlnistrative seMces 1,187,852 927,842 - Development seMces 1,087,723 32,262 - Parks and recreation 894,260 654,745 - Public safety 6,314,096 126,793 - Public works 1,658,654 50,565 - Contingency 123,390 - - Capital Outlay - - - r_ lett servl�e Prtrrcipal - - 8,973,375 Interest and fiscal charges 176 8,114 1,448,341 r TOTAL EXPENDITURES 11,266,151 1,800,320 10,421,715 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 1,078,158 2,734,0999,7( 41,958) OTHER FINANCING SOURCES (USES) Operating transfers h 824,435 752,500 2,619,500 ., Operating transfers out (1,338,648) (3,061,500) - Proceeds Korn Need assets 19,317 - - Speclalassessments 5,194 - 263,144 TOTAL OTHER FINANCING SOURCES (USES) 489702 2309000 2,882,644 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES 588,456 425,099 (6,859,314) FUND BALANCES, JULY 1 4,760,844 2,252,686 9,767,195 FUND BALANCES, JUNE ae $5,349,30062> $2,907,881 THE NOTES TO TEE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 12 $- $12,379,065 1,059,118 592,322 2,162,318 - 613,537 - 433,821 - 501,565 - 172,677 365.678 1.194.364 958,000 18,516,486 - 2,115,694 - 1,119,984 - 1,549,005 - 6,440,889 - 1,709,219 - 123,390 1,823,176 1,823,176 - 8,973,375 21.804 1.478.434 1,844,980 25,333,167 886,981 (6,816,680) 248,148 4,444,583 (99,435) (4,499,583) - 19,317 42,731 311,069 191,443 275386 (695,537) (6.541,294) 7,317,614 24,098,339 6220T/ $17,557045 su GM of Cm a Girarde.u, Mi.soud COMBINED STATEMENT OF REVENUES, EWENDIRIRES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (BUDGET BASIS) - GENERAL AND SPECIAL REVENUE FUND TYPES r FOR THE FISCALYEAR ENDED JUNE 30. 1995 THE NOTES TO THE FINANCIALSTATEMENTS ARE AN INTEGPAL PART OF THIS STATEMENT. 13 GENERAL FUND SPECIAL REVENUE FUNDS r VARIANCEFAVORABLE VARIANCE BD�aQ AII1AL (UNFAVORABLE) FFAVORABL @UI2DEI AScLUAL FAVORABLE flINFAVO{itiw El r REVENUES Tame $9,298,150 $9,496242 $196,032 $2394,760 $2595,917 5X1,157 Lbenseeaidpemits 725,550 1,059,118 333,568 Intergp entd 206,650 231,410 24,760 1,547,120 1,329,738 (217,382) r Chargee M service. 266,700 274,657 (14,043) 26,9W 33!,880 74,960 nNrdsperhnentd ser b . 429,1100 433,821 7,821 - - - Fineeendbrfekuree 58,000 501,565 (78,435) - - - Mi.celenem. 45,W0 Km 21,722 116,345 106,955 (10,390( Internet 111,100 280,773 1W,673 65700 163,929 98,223 r TOTALREVENUES 11,681,150 lzwM:I09 663159 4,387,825 4,534,419 146,594 r EXPENDITURES Current Admnistrethv seMcae 1,258,0.37 1,187,852 70,584 1,166,076 1,1W,375 65,701 Development services 1,209,660 1,091,415 118,245 37,330 32262 5,068 Perk.andrec,.Won 935,994 911,160 24,635 681,887 665.788 16,098 r Pubrw dsV 6,462,507 6.279,962 162,555 145,193 129,016 16,175 Wbtb work. 1,641,983 1,603,919 38,1X% 250,000 98,386 151,614 Contingency 6,500 19,390 (56090) _ _ _ Debt service nbrnstaidfiecdchogee 125 176 (51) 3,200 8,114 (4,9141 r TOTAL EXPENDITURES 11,5]5205 11,197,664 377,342 2283,666 2033,942 249,744 EXCESS (DEFICIENCY) OF REVENUES r O`.TR CmrEB F PE. DITURES -(5i` 1 149.445 1 w 3h 21Ce.!39 2500.476 396.338 OTHER FINANCING SOURCES (USES) OpereBng trantl rs in 824,435 824,435 - 6S2,5W 752.5W 100' W OpereBng Asndemout (I A55151x)) (1,33$648) 1,652 (31061,500) (3,061,500) - P.dl Rom 6md emeb 7,500 19,317 11,817 - - - Sl Lal meeeanenb - 5,194 5,194 TOTAL OTHER FINANCING SOURCES 52, H18R]02) 331663 (2409,000) (2,309,000) imp" r (USES) EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (MOE" EXPENDITURES AND OTHER FINANCING USES (417,620) 656,743 1,074,364 (",861) 191,478 49,338 FUND BALANCES, JULY 1 4,619,]58 4,649,]58 - 2,241.388 2241,358 - FUNDBALANCES,JUNEW $4232.138 $5,3WS01 $1,074,364 51938,52] $2432,866 5496336 THE NOTES TO THE FINANCIALSTATEMENTS ARE AN INTEGPAL PART OF THIS STATEMENT. 13 THE NOTES TO THE FINANCALSTATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 14 10,584,345 EXPENDITURES City of Ce Girardeau, MNeoud 21,804 COMBINED STATEMENT OF REVENUES, EXPENDITURES AND Cepildoullq 1,626,906 CHANGES IN FUND BALANCES ' BUDGET AND ACTUAL (BUDGET BASIS) - DEBT SERVICE AND CAPITAL PROJECTS FUND TYPES (6,058,660) (664909) FOR THE FISCAL YEAR ENDED JUNE W. 1995 266,080 Pdnclpd 8,973,378 4973,375 3 DEBTSERVICEFUNU CAPITAL PROJECTS FUNDS r 1,304617 1,444341 139,723 VARIANCE VARIANCE 14281,996 10,421,715 FAVORABLE FAVORABLE @VRS$II ACTUAL NNFAYDRAi3LE @LUlSiEC AGIIIBL 14)NFAYDBABLEl REVENUES T.. 2280.200 2286,926 24726f- (9,617,396) Lnbrg99e1 ..w 4700 484] 147 4,299,135 592,322 (3,704813) r. NYreet 375,700 363,984 8,264 228,350 385,678 19,326 TOTAL REVENUES 664,600 679,757 15,157 4,525,485 958,000 (3,567,485) THE NOTES TO THE FINANCALSTATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 14 10,584,345 EXPENDITURES 8,979.241 21,804 as Cepildoullq 1,626,906 4957,437 Deme . (6,058,660) (664909) 5,389,951 266,080 Pdnclpd 8,973,378 4973,375 3 7,080 Inlere9mdeecdchergee 1,304617 1,444341 139,723 TOTAL EXPENDITURES 14281,996 10,421,715 139,720 EXCESS(DEFICIENCY) OF REVENUES OVER PMOER) EXPENDITURES (9,617,396) (9,741,958) (124,563) r. OTHER FINANCING SOURCES (USES) Operaengh dsmtr 2626,588 2,619,580 (],000) Opagng hendenom - - - Speahl eseeeenenfe 50,000 263,144 213,149 TOTALOTHER FINANCING SOURCES (USES) 2676,S88 2,682,694 204144 r EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDEi) EXPENDITURES AND OTHER FINANCING USES (6A44896) (6559,314) 81,582 a FUND BALANCES, JULY 1 9,767,195 9,]6],195 FUND BALANCES, JUNE SO 22.824300 $Z907.Ml $81= THE NOTES TO THE FINANCALSTATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 14 10,584,345 1,605,104 8,979.241 21,804 21,609 10,584,345 1,626,906 4957,437 (6,058,660) (664909) 5,389,951 266,080 244146 (16,852) (104435) (99,435) 7,080 39,6W 42,731 3,131 194165 191,443 (6,722) (5564695) (477,465) 5,3832.10 4769,502 6,769,502 2904807 $6.292,037 $5,M9W THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 15 City of Ca ce Girardeau, Missouri COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS ALL PROPRIETARY FUND TYPES FOR THE FISCALYEAR ENDED JUNE W. 1995 TOTALS ae PROPRIETARY FUND TYPES (MEMORANDUM ONLY) INTERNAL ENTERPRISE SERVICE 1994-1995 r OPERATING REVENUES Residential chargee $5,052,177 $- $5,052,177 Commercl.icharges 2,768,606 - 2,768,608 'sr Transfer Mason chargee 823,819 - 823,819 Er♦uipmentsales 7,196 - 7,196 Conc... lonn..hue. 64,159 - 64,159 Golf course fee. 343,206 - 343,206 SoftEe]l.0 m plex fees 20,660 - 20,660 Other fees andcharges 269,390 - 269,390 Into rde partm ental services - 2,673,132 2,673,132 Other miscellaneous 85,066 91,743 176,809 as TOTAL OPERATING REVENUES 9,434,479 2.764,876 12,199,355 OPERATING EXPENSES ass Personnel .eM... 1,867,328 427,480 2.294,808 Materials and wpplies 241,939 271,277 513,217 Canh..Wel aeMcee 3,663,067 1,577,787 5,240,853 General operating expenses 335,749 8,090 343,839 se Special projects expense (1,108,896) - (1,108,896) Interne] seMce expenses 373,471 3,024 376,495 Depreciation expense 1,3061225 134,843 1,441,068 TOTAL OPERATING EXPENSES 6,678,884 2,422,501 9,101,385 se OPERATING INCOME (LOSS) 2,755,595 342,375 3,037,970 ass NON-OPERATING REVENUES (EXPENSES) Inlsrest m..me 529,859 105,868 635,727 Federal grants 16,439 - 16,439 Sale of fixed assets 42,409 135 42,544 sa Compensation for damages 4,050 1,255 5,305 Gain on sale of securities 4,879 4,879 9,758 isw once cost amortization (58,909) - (58,909) Interest and hen ding coats (1,431,921) (225) (1,432,146) _ TOTAL NON-OPERATING REVENUES (EXPENSES) (693,195) 111,912 (781,283) se INCOME (LOSS) BEFORE OPERATING TRANSFERS 1,862,401 454,287 2,316,888 Operating tran stars in 55,000 - 55,000 se NET INCOME (LOSS) 1,917,401 454.287 2,371,688 RETAINED EARNINGS (DEFICIT), JULY1 (2,778,188). 2,180,194 (597994) as RETAINED EARNINGS (DEFICIT), JUNE 30 ($860,787) $2634,481 $1773694 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 15 sa sa City of Cape Guardasu, Miasoud CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: COMBINED STATEMENT OF CASH FLOWS— ALL PROPRIETARY FUND TYPES 1,306,225 FOR THE FISCAL YEAR ENDED JUNE 30, 1995 16,439 PROPRIETARY FUND TYPES (Increase) decrease in accounts receivable TOTALS INTERNAL (MEMORANDUM ONLY) ENTERPRISE SERVICE 1994-1995 CASH FLOWS FROM OPERATING ACTIVITIES: Operating income (bee) $2,755,596 $342,375 $3,097,971 Adjustments b reconcile operating income to CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: net cash pronded by operefirg acWitlea: Depreciation 1,306,225 Cash operating grams receved 16,439 Change in assets and fabiil6s: (Increase) decrease in accounts receivable (131,871) (increase) dooms.. in!memory 12 (Increase) decrease in prepaid Remo P18,W7) Increase (decrease) In accounts payable 23,908 Increase (decrease) in accrued IiaGlities 687,436 Increase (decrease) in landfill postclo.ure care costs (1 ¢18,977) Other 88,109) NET CASH PROVIDED BY OPERATING ACTIVITIES 3,285,792 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 16 134,843 (65,276) (495) 31,774 104,392 (145) 1.960 549,428 1,441,1168 16,439 VW, 147) (483) (287,133) 118,340 887,291 R ¢18,97)) 126,149) 3,835,220 9&1. IN 203,540 — 11,462.661 — 3,539,312 1268,826) — (464,615) (226) (1.331 M) — 366,544 (153,710) (4,376,035) — 69.974 (153,936) 9,203,215 (99,206) 702,375 106,868 709,037 1,104,529 4W,fi96 $1,551,225 ,2,494,148) 1,504,872 619,126 P70,1 W) 12,T23,285 4,639,519 $17 362 804 $482,17) CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: Operating transfers in from other funds 55,000 NET CASH PROVIDED BY NONCAPITAL FINANCING ACTIVITIES 55,000 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: s. Proceeds from developers 203,540 Pro.... from SRF bond issue 11,462,661 Proceeds from COP bond issue 3,539,312 Principal paid on ratan.. Iwnda P68,826) Principal paid on lease purchase bond. (464,615) as Interest paid on bonds and obligations (1,331,114) Proceeds from capital grants received from other governments 388,544 Purchase of flood asads (4,222,325) Proceeds of Rale of fixed assets 69,974 NET CASH USED IN CAPITAL AND RELATED FINANCING ACTIVITIES 9,357,151 so CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of irrvesenamR (2.394,942) Proceads from sob of i..br erts 802,497 Intereston Investments 513258 NET CASH USED IN INVESTING ACTIVITIES (1,079,157) INCREASE IN CASH AND CASH EQUIVALENTS 11,618,756 so CASH AND CASH EQUIVALENTS, JULY 1 4,152,623 CASH AND CASH EQUIVALENTS, JUNE 30 $15,811,579 as NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES: Contributions of fixed assets $4112,17) THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 16 134,843 (65,276) (495) 31,774 104,392 (145) 1.960 549,428 1,441,1168 16,439 VW, 147) (483) (287,133) 118,340 887,291 R ¢18,97)) 126,149) 3,835,220 9&1. IN 203,540 — 11,462.661 — 3,539,312 1268,826) — (464,615) (226) (1.331 M) — 366,544 (153,710) (4,376,035) — 69.974 (153,936) 9,203,215 (99,206) 702,375 106,868 709,037 1,104,529 4W,fi96 $1,551,225 ,2,494,148) 1,504,872 619,126 P70,1 W) 12,T23,285 4,639,519 $17 362 804 $482,17) r City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES r 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, water, sanitation, health and social services, culture -recreation, public improvement, planning and zoning and general administrative services. The furancial statements of the City have been prepared in conformity with generally accepted accounting principles (GAAP), as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The more significant accounting policies of the City are described below. 1. Reportine Entitv In evaluating how to define the City, for financial reporting purposes, management has considered all potential component units. Generally, component units are legally separate organizations for .. which the elected officials of the City are financially accountable. The Cape Girardeau (Missouri) Public Facilities Authority (CGPFA) is a blended component unit which is part of the City's operations and so the financial statements of the CGPFA are included in the accompanying financial statements of the City of Cape Girardeau. c Cape Girardeau (Missouri) Public Facilities Authority - As described in Note E, the City of Cape Girardeau, Missouri has entered into five 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 Statues of Missouri. The CGPFA board of directors consist of city officials and city council members. Due to the significant city influence and financial accountability, the activities of the CGPFA are blended with the financial presentation of the City. The corporation was used to execute the bond indentures for the purpose of issuing and securing the Series 1990A Bonds, Series 19908 Bonds, Series 1991 Bonds, Series 1993 Bonds, and limited additional bonds. These bonds were used to fmance construction and improvements to sewer, solid waste, street, airport, flood control 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. Although they are not a component unit of the City, the City handles the funds of and provides accounting and other services for several entities. Since these funds are held in the City's name, these entities are shown as Agency Funds in the financial statements. 17 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 1. Reoortine Entity - Continued Beginning July 1, 1994, the Softball Complex Fund was established in the enterprise fund types. The Shawnee Softball Complex Fund provides for the operation and maintenance of softball fields for softball league and tournament events. In addition, concession stands, shelters, and various sport ` complex features will provide various recreational activities. 2. Fund Accounting The accounts of the City are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self -balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses as appropriate. Government resources are allocated to and accounted for in individual funds based upon the purpose 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. GOVERNMENTAL FUND TYPES General Fund - The General Fund is the general operating fund of the City. All financial resources, except those required to be accounted for in another fund, are accounted for in the ., General Fund. Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than expendable trust or major capital projects) that are legally restricted to expenditures for specified purposes. Debt Service Fund - The Debt Service fund is used to account for the accumulation of resources for, and the payment of, general long-term debt principal, interest, and related costs. Capital Proiects Funds - Capital Projects Funds account for financial resources to be used for the acquisition or construction of major capital facilities, which are not financed by Proprietary Funds and Trost Funds. 18 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 2. Fund Accountine - Continued PROPRIETARY FUND TYPES The City has implemented GASB 20 (Accounting and Financial Repotting for Proprietary Funds and Other Governmental Entities that use Proprietary Fund Accounting) by choosing to apply the accounting principles in (1) all GASB pronouncements and (2) FASB (Financial Accounting _ Standards Board) Statements and Interpretations, APB (Accounting Principles Board) Opinions, and ARBs (Accounting Research Bulletins) issued on or before November 30, 1989, except those that conflict with a GASB pronouncement. Enterprise Funds - Enterprise Funds are used to account for operations 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 including depreciation) of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges; or 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. 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 [he City in a trustee capacity or as an agent for individuals, private organizations, other governments, and /or other funds. Agency Funds are custodial in nature and do not involve measurement of results of operations. GENERAL FIXED ASSETS AND GENERAL LONG-TERM DEBT ACCOUNT GROUPS General Fixed Assets (GFA) - The General Fixed Assets Account Group is used to account for fixed assets used in governmental fund type operations for control purposes. All feed 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 of donation. Depreciation is recorded on general fixed assets. General Lone -Term Debt Account Group - The General Long -Term Debt Account Group is used to account for long-term liabilities to be financed from governmental funds. c City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 _ NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 3. Fitted Assets ` General Fixed Assets Account Group - Fixed assets used in governmental fund type operations are accounted for in the General Fixed Assets Group of Accounts, rather than in governmental funds. Public domain (infrastructure) general fixed assets, including roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting systems, are not capitalized along with other general fixed assets. Depreciation has been provided on all capitalized assets, except for land. All fixed asses are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated assets are valued at their estimated fair value on the date donated. Repairs and maintenance are recorded as expenditures; renewals and betterments are capitalized. Proprietary Funds - Additions to the Proprietary Funds are recorded at cost or, if contributed property, at their estimated fair value at time of contribution. Repairs and maintenance are recorded as expenses; renewals and betterments are capitalized. The sale or disposal of fixed asses is recorded by removing cost and accumulated depreciation from the accounts and charging the resulting gain or loss to income. Depreciation of all exhaustible fixed asses 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 yeas Improvements 10-40 years Equipment 3-10 yeas When applicable, interest costs are capitalized on self -constructed fixed assets. 4. Basis of Accounting The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. All governmental funds are accounted for using a current financial resources measurement focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing uses) in net current assets. All proprietary funds are accounted for on a flow of economic resources measurement focus. With this measurement focus, all assets and liabilities associated with the operation of these funds are included on the balance sheet. Fund equity (i.e., net total assets) is segregated into contributed capital and retained earnings components. Proprietary fund type operating statements present increases (e.g., revenues) and decreases (e.g., expenses) in net total assets. 20 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS .. June 30, 1995 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 4. Basis of Accountine - Continued The modified accrual basis of accounting is used by all governmental fund types and agency funds. Under the modified accmal basis of accounting, revenues are recognized when susceptible to accrual (i.e., when they become both measurable and available.) "Measurable" means the amount of the transaction can be determined and "available" means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. The City considers revenue to be available if it is collected within 30 days after year-end. Expenditures are recorded when the related fund liability is incurred. Principal and interest on long- term debt are recorded as fund liabilities when due or when amounts have been accumulated in the debt service fund for payments to be made early in the following year. Those revenues susceptible to accrual are property taxes, franchise taxes, special assessments, licenses, interest revenue and charges for services. Sales taxes collected and held by the state at year-end on behalf of the City also are recognized as revenue. Fines and permit revenues are not susceptible to accrual because generally they are not measurable until received in cash. The accrual basis of accounting is utilized by proprietary funds. Under this method, revenues are _ recorded when earned and expenses are recorded at the time liabilities are incurred. The City reports deferred revenue on its combined balance sheet. Deferred revenues arise when a potential revenue does not meet both the "measurable" and "available" criteria for recognition in the current period. _ Deferred revenues also arise when resources are received by the City before it has a legal claim to them, as when grant monies are received prior to the incurrence of qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met, or when the City has a legal claim to the resources, the liability for deferred revenue is removed from the combined balance sheet and revenue is recognized. ,. 5. Encumbrances Encumbrances represent commitments related to unperformed contracts for goods or services. Encumbrance accounting is utilized in all funds. Encumbrances outstanding at the end of the year in the governmental funds are reported as reservations of fund balances and do not constitute expenditures or liabilities because the commitments will be carried forward and honored during the subsequent year. Encumbrances outstanding in the proprietary funds do not constitute expenses but will be honored in the subsequent year. 6. Budeets and Budeetary Accountine The City adopts annual operating budgets for all funds. 21 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued r 6. Budgets and Budeetary Accounting - Continued r The City follows these procedures in establishing the budgetary data reflected in the financial statements. r 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 appropriations of any department must be approved by the City Council. Departments may not legally exceed their appropriations without approval from the City Council. Appropriations expire at the end of the year, however, outstanding encumbrances at the end of the year are honored by the City. 5. Formal budgetary integration is employed as a management control device during the year for all funds. 6. Budgets for all funds are adopted on a budgetary basis. Additional budget appropriations by department made throughout the year are as follows: Administrative services $ 197,000 _ Development services 5,000 Public safety 19,208 Public works 358,770 Contingency 16150 596 228 Of the above appropriations, $171,000 was allocated to provide budgets for the origination of the airport restaurant and public awareness divisions, $19,208 for the hiring of additional officers under the community oriented policing services program, $214,000 for transfer station disposal fees due .. to increased volume, $16,250 for removal of underground storage tanks, $67,100 for repair of water facilities from the Mississippi River flooding of 1993, and $108,670 for miscellaneous general operating and contractual services costs of the general, airport, and water funds. For the year ended June 30, 1995, expenditures of the debt service fund and the general fund contingency expenditure exceeded the approved budget by $139,719 and $56,890 respectively. 22 i City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 6. Budgets and Budgetary Accountine - Continued i The Combined Statement of Revenues, Expenditures, and Changes in Fund Balance -All Governmental Fund Types reports revenues and expenditures on the modified accrual basis of accounting in accordance with GAAP. The Combined Statement of Revenues, Expenditures, and Changes in Fund Balance -Budget and Actual (Budget Basis) for all governmental fund types is prepared on a budgetary basis of including encumbrances as expenditures. The following reconciliation adjusts GAAP basis to budget basis: Excess (Deficiency) of Revenues and Other Financing Sources over (under) Expenditures and Other Financing Uses Special Debt Capital General Revenue Service Proiects GAAP Basis $ 588,456 $ 425,099 $ (6,859,314) $ (695,537) Increase due to: i Prior year encumbrances 111,086 11,298 - 548,112 Decrease due to: Year-end encumbrances Administrative services 182,651 Development services 3,775 Parks and recreation 18,855 11,697 -� Public safety 5,073 2,750 Public works 15,096 47,821 Capital outlay 330.040 42.799 244.919 330.040 Budget Basis 1656,743 L121 478 $ (6.859.314) $(477,465) The individual proprietary schedules of comparing budget to actual is reported on a budgetary basis of reporting encumbrances as expenses. In order to provide a comparison to GAAP statements, the adjustments are reported as follows: ` Net Income (Loss) Solid Golf Softball Sewer Water Waste Course Complex GAAP Basis $ 400,921 $ (60,172) $ 1,577,398 $ 40,932 $ (41,678) Increase due to: r Prior year encumbrances 2,977 19,469 - 3,839 - Decrease due to: Year-end encumbrances Materials and supplies 262 313 718 Contractual services 11,109 735 2,263 230 .� Special projects expenses 1.791 54 12.900 735 2,525 543 772 Budget Basis LLE4 873 JaZ.4501 23 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 6. Budeets and Budeetary Accounting - Continued +� Net Income (Loss) Data Fleet Processing Management GAAP Basis $ - $ (1,785) Increase due to: Prior year encumbrances 1,051 Decrease due to: Year-end encumbrances Materials and supplies 60 119 Contractual services 300 Special projects expenses 360 119 Budget Basis 360 $ (853) 7. Inventories Inventories consist primarily of supplies, valued at cost, which approximates market. Cost is determined using a weighted average method. The cost of inventories is recorded as expenditures or expenses when consumed rather than when purchased. 8. Compensated Absences r 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. Employees may accumulate up to 30 days vacation, for which they are compensated upon termination or retirement. Employees are not compensated for accumulated sick leave upon termination or retirement. 9. Bond Discounts/Issuance Costs In governmental fund types, bond discounts and issuance costs are recognized in the current period. Bond discounts and issuance costs for proprietary fund types are deferred and amortized over the term 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. 10. Total Columns - Memorandum Only Total Columns are captioned "Memorandum Only" to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present results of operations in conformity with generally accepted accounting principles. Neither is such data compamble to a consolidation. 24 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 10. Total Columns - Memorandum Only - Continued Interfund eliminations have not been made in the aggregation of this data. 11. Cash and Cash Eauivalents For purposes of the statement of cash Flows, the proprietary fund types consider all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. 12. Comparative Data Comparative totals for the prior year have been presented in the accompanying financial statements in order to provide an understanding of changes in the City's financial position and operations. However, presentation of prior year totals by fund type have not been presented in each of the statements since their inclusion would make the statements unduly complex and difficult to read. 13. Prepaid Items Payments made to vendors for services that will benefit periods beyond June 30, 1995 are recorded as prepaid items. 14. Restricted Assets Certain proceeds of enterprise fund revenue bonds, as well as certain resources set aside for the repayment of such bonds, are classified as restricted assets on the balance sheet because their use is limited by applicable bond covenants. The "revenue bond construction" account is used to report those proceeds of revenue bond issuances that are restricted for use in construction. The "revenue bond current debt service" account is used to report resources set aside to make up potential future deficiencies in the revenue bond current debt service account. 15. Lone -term Obheatioas Long-term debt is recognized as a liability of a governmental fund when due, or when resources have been accumulated in the debt service fund for payment early in the following year. For other long-term obligations, only that portion expected to be fmanced from expendable available financial resources is reported as a fund liability of a governmental fund. The remaining portion of such obligations is reported in the general long-term debt account group. Long-term liabilities expected to be financed from proprietary fund operations are accounted for in the appropriate proprietary fund. 16. Interfund Transactions Quasi -external transactions are accounted for as revenues, expenditures or expenses. Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly applicable to another fund, are recorded as expenditures/expenses in the reimbursing fund and as reductions of expenditures/expenses in the fund that is reimbursed. 25 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued r 16. Interfund Transactions - Continued All other interfund transactions, except quasi-extemal transactions and reimbursements, are reported as transfers. Nonrecurring or nonroutine permanent transfers of equity are reported as residual equity transfers. All other interfund transfers are reported as operating transfers. 17. Short-term Interfund Receivables/Pavables During the course of operations, numerous transactions occur between individual funds for goods provided or services rendered. new receivables and payables are classified as "due from other funds" or "due to other funds" on the balance sheet. Short -tern interfund loans are classified as "interfund receivables/payables". 18. Advances to Other Funds Noncurrent portions of long-term interfund loan receivables are reported as advances and are offset equally by a fund balance reserve account which indicates that they do not constitute expendable available financial resources and therefore are not available for appropriation. 19. Post -Employment Health Care Benefits In addition to the pension benefits described in Note H, it is the City's policy to provide postretirement health care benefits to employees who retire from the City with five or more years of service and who are eligible for LAGERS retirement (Note H). Currently, fifteen employees meet those eligibility requirements. The City provides health care coverage for them until age 65. The cost of retirees' health care benefits is recognized as an expenditure as premiums are paid. For 1995, those costs totaled $17,082. COBRA Benefits - Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), the City provides health care benefits to eligible former employees and eligible dependents. Certain requirements are outlined by the federal government for this coverage. The premium is paid in full by thentstued on or before the tenth (10th) day of the month for the actual month covered. This program is offered for a duration of 18 months after the termination date. There is no associated cost to the City under this program, and there was one participant in the program as of June 30, 1995. NOTE B - DEPOSITS AND INVESTMENTS 1. Deposits At June 30, 1995, the carrying amount of the City's deposits was $309,122 and the bank balance was $303,522 which excludes $5,600 of petty cash funds held at various City locations. The deposits are categorized in accordance with risk factors created by governmental reporting standards. 26 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE B - DEPOSITS AND INVESTMENTS - Continued 1. Deposits -Continued .. Carrying Bank Amount Balance Category #1 $ 105,038 $ 105,038 Category #2 204,084 198,484 Category #3 - - 309 122 303,522 Category #1 includes deposits covered by deposit insurance or collateral held by the City in the City's name. Category #2 includes deposits covered by collateral held by the financial institution's trust department in the City's name. Category #3 includes deposits which are uncollateralized or the collateral is held by the financial institution's trust department but not in the City's name. 2. Investments The City is allowed to invest its available operating and reserve funds in (1) obligations of the United States or its agencies and instrumentalities; (2) repurchase agreements collateralized by securities listed in (1) above, documented by a written agreement, fully collateralized by delivery to an independent third party custodian, and are marked -to -market; (3) Insured or collateralized deposits or certificates of deposit of banks, savings and loan associations, and other regulated _ financial institutions; (4) money market mutual funds whose portfolio consists of the foregoing instruments; and (5) other prudent investment instruments approved prior to purchase by a two-thirds majority of the City Council. M Investments are stated at cost or amortized cost, except for investments in the deferred compensation agency fund which are reported at market value. Proceeds of bond issues may be invested as allowed in the bond indenture. 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 hssured 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. 27 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 Property taxes attach as an enforceable lien on property as of January 1. Taxes were levied on August 25, 1994, for collection during this fiscal year and were due on or before December 31. Most of the taxes are collected in November and December. The tax rates assessed at the time were as follows: City Revenue NOTE B - DEPOSITS AND INVESTMENTS - Continued Library Tax .16/100.00 assessed valuation Public Health Tax .05/100.00 assessed valuation Debt Service Tax 2. Investments - Continued Special Business District .80/100.00 assessed valuation #2 (Ad Valorem) Category Carrying Market #1 #2 #3 Value Value Business Debt Repurchase Agreements $ 5,231,634 $ - $ - $ 5,231,634 $ 5,231,634 Current property tax $ 29,084 Certificates of Deposit - $ 13,915 $ 57,329 Delinquent property tax 32,123 461 4,469 10,378 14,799 62,230 Insured By Agencies of property taxes2( 0.296) (85) (2306) (63721) U.S. Government 1,447,755 - - 1,447,755 1,447,755 U.S. Govemment Securities 12,906,211 - - 12,906,211 12,904,877 Money Market Account U.S. Government Securities 4 96&460 - - 4.968.460 4,968.460 $ 24,554.060 $.;_ $ - 24,554,060 24,552,726 State Revolving Fund Program 12,322,179 12,322,179 Investments in Deferred Compensation Plan 1215.923 1215.923 $ 38.092.162 $ A090,828 NOTE C - PROPERTY TAXES Property taxes attach as an enforceable lien on property as of January 1. Taxes were levied on August 25, 1994, for collection during this fiscal year and were due on or before December 31. Most of the taxes are collected in November and December. The tax rates assessed at the time were as follows: City Revenue $ .32/100.00 assessed valuation Library Tax .16/100.00 assessed valuation Public Health Tax .05/100.00 assessed valuation Debt Service Tax .10/100.00 assessed valuation Special Business District .80/100.00 assessed valuation #2 (Ad Valorem) Property tax receivable balances as of June 30, 1995 are as follows: Downtown Business Debt General District Health Service Library Total Current property tax $ 29,084 $ 699 $ 4,535 $ 9,096 $ 13,915 $ 57,329 Delinquent property tax 32,123 461 4,469 10,378 14,799 62,230 Reserve for doubtful property taxes2( 0.296) (85) (2306) (63721) _(9,310) (39,118) Net property tax receivables jjQ 91 l LL -075 $6,298 12 753 l9 404 80 441 28 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE D - CHANGES IN FIXED ASSETS A summary of the general fixed assets account group for the year ended June 30, 1995 is as follows: Balance Accumulated Balance July 1. 1994 Additions Deductions Depreciation June 30.1995 29 Land $ 2,073,938 $ - $ - $ - $ 2,073,938 Buildings 4,245,509 14,892 12,902 210,134 4,037,365 Improvements other than building 1,774,058 561,860 - 136,960 2,198,958 Equipment 1,141,193 412,322 187,862 90,057 1,275,596 Construction in progress 1,217 052 404.391 567.949 - L053.494 Total general fixed assets $ 10.451.750 1,393,465 768 713 $437,151 $ 10.639.351 Additions and deletions to the Enterprise Funds for the fiscal year 1995 were $4,744,852 and $368,226 respectively. Additions and deletions to the Internal Service Funds were $153,710 and $1,726 respectively. r A summary of the proprietary fund type fixed assets for the year ended June 30, 1995 is as follows: Enterprise Internal Fund Service Fund Land $ 238,790 $ 37,500 Buildings 9,060,278 416,109 Improvements other than building 27,653,591 27,206 Equipment 3,421,263 1,034,210 Construction in progress 3.310.423 22.377 $ 43,684,345 $ 1,537,402 Less accumulated depreciation 11.417.855 791467 $ 32266.490 745,935 29 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS .. June 30, 1995 NOTE E - LONG-TERM OBLIGATIONS The following is a summary of bond transactions in the General Long-term Debt Account Group of the City for the year ended June 30, 1995. r The following is a summary of bond transactions in the Enterprise Fund of the City for the year ended June 30, 1995. General Leasehold Certificates +r Obligation Revenue of Bonds Bonds Participation Total Bonds payable at July 1, 1994 $ 10,985,000 $ 13,404,197 $ 3,545,000 $ 27,934,197 Bonds Retired (7295,000) (1,581,558) (85,000) (8,961558) Bonds payable at 11,462,661 - 3,530,000 14,992,661 " June 30, 1995 S 3 690 000 $ 11,822,639 3 460 000 1 18,972,639 The following is a summary of bond transactions in the Enterprise Fund of the City for the year ended June 30, 1995. Bonds payable at June 30, 1995 are comprised of the following individual issues. 30 Leasehold Certificates Revenue Revenue of Bonds Bonds Participation Total _ Bonds payable at July 1, 1994 $ 16,013,330 $ 3,851,371 $ - $ 19,864,701 Discount Amortization 7,875 3,934 11,809 Bonds Issued 11,462,661 - 3,530,000 14,992,661 Bonds Retired (255,000) (478,442) - (733,442) Bonds payable at June 30, 1995 $ 27228,866 3,376X3 3,530,000 $ 34,135,729 Bonds payable at June 30, 1995 are comprised of the following individual issues. 30 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE E - LONG-TERM OBLIGATIONS - Continued $ 3,690,000 1993 General Obligation Refunding Bonds due as follows: Principal payments are made annually on November 1, and interest payments are made semi-annually on May 1 and November 1. On April 20, 1993, the City of Cape Girardeau issued $3,690,000 of General Obligation Refunding Bonds Series 1993 with interest rates varying from 3.75% to 5.50%. The refunding bonds constitute general obligations of the City and will be payable as to both principal and interest from ad valorem 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, were used to refund $3,580,000 principal amount of General Obligation Refunding Bonds, Series 1987, of the City and pay the costs of issuance of the bonds. To effect the refunding of the Series 1987 Bonds, the City entered into an Escrow Trust Agreement (the "Escrow Trust Agreement"), dated as of April 1, 1993, with Capital Bank of Cape Girardeau County, Cape Girardeau, Missouri, as escrow agent (the "Escrow Agent"). Pursuant to the Escrow Trust Agreement, the City deposited $3,619,331 of the proceeds of the Bonds and $91,200 from the debt service fund for the Series 1987 Bonds to purchase United States Government Obligations in book entry form (the "Escrowed Securities"). The principal amount of the Escrowed Securities, together with the interest income thereon, was paid 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 to and including the Cross -Over Date and the principal of and redemption premium on the Series 1987 Bonds being called for redemption on the Cross -Over Date. 31 Year Ending Interest Principal Interest June 30 Rate Due Due Total 1996 5.50% $ 300,000 $ 164,588 $ 464,588 1997 3.75 320,000 150,338 470,338 _ 1998 4.00 330,000 137,738 467,738 1999 4.25 345,000 123,806 468,806 2000 4.50 355,000 108,488 463,488 _ 2001 4.70 370,000 91,805 461,805 2002 4.90 390,000 73,555 463,555 2003 5.00 405,000 53,875 458,875 2004 5.00 425,000 33,125 458,125 2006 5.00 450.000 11250 461250 3 690 000 948 568 4 638 568 Principal payments are made annually on November 1, and interest payments are made semi-annually on May 1 and November 1. On April 20, 1993, the City of Cape Girardeau issued $3,690,000 of General Obligation Refunding Bonds Series 1993 with interest rates varying from 3.75% to 5.50%. The refunding bonds constitute general obligations of the City and will be payable as to both principal and interest from ad valorem 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, were used to refund $3,580,000 principal amount of General Obligation Refunding Bonds, Series 1987, of the City and pay the costs of issuance of the bonds. To effect the refunding of the Series 1987 Bonds, the City entered into an Escrow Trust Agreement (the "Escrow Trust Agreement"), dated as of April 1, 1993, with Capital Bank of Cape Girardeau County, Cape Girardeau, Missouri, as escrow agent (the "Escrow Agent"). Pursuant to the Escrow Trust Agreement, the City deposited $3,619,331 of the proceeds of the Bonds and $91,200 from the debt service fund for the Series 1987 Bonds to purchase United States Government Obligations in book entry form (the "Escrowed Securities"). The principal amount of the Escrowed Securities, together with the interest income thereon, was paid 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 to and including the Cross -Over Date and the principal of and redemption premium on the Series 1987 Bonds being called for redemption on the Cross -Over Date. 31 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE E - LONG TERM OBLIGATIONS - Continued The Escrow Trust Agreement provides that the Escrowed Securities and the moneys held uninvested by the Escrow Agent are irrevocably pledged to the payment of the interest on the Bonds to and including November 1, 1994, and the principal of and redemption premium on the Series 1987 Bonds to be redeemed on November 1, 1994, and may be applied only to such payments. Payment was made on November 1, 1994. $ 1,225,000 Series 1993 Sewerage System Revenue Bonds due as follows: Year Ending Interest Principal Interest June 30 Rate Due Due Total 1996 4.000% $ 80,000 $ 60,531 $ 140,531 1997 4.200 85,000 57,331 142,331 1998 4.400 90,000 53,761 143,761 1999 4.600 95,000 49,801 144,801 2000 4.800 100,000 45,431 145,431 2001 5.000 110,000 40,631 150,631 .. 2002 5.125 115,000 35,131 150,131 2003 5.250 120,000 29,238 149,238 2004 5.300 135,000 22,938 157,938 2005 5.350 140,000 15,783 155,783 2006 5.350 155.000 8.293 163,293 1225 000 418,869 S 1643 869 These bonds are dated September 1, 1993. The proceeds of the bond issue were used to defease (in - substance) the $1,170,000 1986 Sewerage System Revenue Bonds. Principal payments are made annually on March 1, and interest payments are made semi-annually on March 1, and September 1. 32 33 City of Cape Girardeau, Missouri NOTES TO FINANCIAL. STATEMENTS June 30, 1995 NOTE E - LONG-TERM OBLIGATIONS - Continued $ 11,700,000 Waterworks System Revenue Bonds Series 1992 due as follows: Year Ending Interest Principal Interest June 30 Rate Due Due Total 1996 5.00% $ 145,000 $ 753,820 $ 898,820 1997 5.25 185,000 746,570 931,570 1998 5.50 225,000 736,857 961,857 1999 5.70 275,000 724,483 999,483 2000 5.90 320,000 708,807 1,028,807 2001 6.00 370,000 689,928 1,059,928 2002 6.10 425,000 667,727 1,092,727 2003 7.45 485,000 641,803 1,126,803 2004 7.45 555,000 605,670 1,160,670 _ 2005 7.45 625,000 564,322 1,189,322 2006 6.40 705,000 517,760 1,222,760 2007 6.40 790,000 472,640 1,262,640 2008 6.40 885,000 422,080 1,307,080 2009 6.40 985,000 365,440 1,350,440 2010 6.40 1.095,000 302,400 1,397,400 2011 6.40 i,2i0,000 232,320 i,442,32O 2012 6.40 2.420.000 154.880 2.574.880 $ 11.700.000 $9,307,507 $ 21.007.507 .. These bonds are dated April 15, 1992. The proceeds of the bond issue were used to purchase, extend and improve the water system serving the City. The purchase of the water system occurred on June 3, 1992. Principal payments are made annually on March 1, and interest payments are made semi-annually on March 1 and September 1. 33 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE E - LONG-TERM OBLIGATIONS - Continued S 2,435,000 Sewerage System Revenue Bonds (State Revolving Fund Program) Series 1991 due as follows: These bonds are dated December 1, 1991. The proceeds of the bond issue will be used to extend and improve the existing sewerage facilities serving the City. Principal payments are made annually on June 1, and interest payments are made semi-annually on June I and December 1. The interest due on the 1991 Sewer System Revenue Bonds will be subsidized by interest earnings on a reserve fund held by the bond issues trustee. As the City is reimbursed for sewer project expenditures from the construction funds held by the trustee, the Department of Natural Resources will deposit an amount equal to approximately 51.907% of the reimbursement into the reserve fund. The maximum amount of funds that will be advanced to the reserve fund will be $1,250,000. As bonds are paid off 50% of the amount of bonds paid off will be repaid to the Department of Natural Resources out of the reserve fund. The balance of the reserve fund at June 30, 1995 was $704,881. The reserve fund yields 6.71%. 34 Year Ending Interest Principal Interest June 30 Rate Due Due Total 1996 5.600% $ 70,000 $ 162,864 $ 232,864 1997 5.800 75,000 158,944 233,944 1998 6.000 80,000 154,594 234,594 1999 6.200 80,000 149,794 229,794 2000 6.300 85,000 144,834 229,834 2001 6.400 95,000 139,479 234,479 2002 6.500 100,000 133,399 233,399 2003 6.600 105,000 126,899 231,899 2004 6.875 110,000 119,969 229,969 2005 6.875 120,000 112,406 232,406 2006 6.875 130,000 104,156 234,156 2007 6.875 135,000 95,219 230,219 2008 6.875 145,000 85,937 230,937 2009 6.875 155,000 75,969 230,969 iui6 6.875 165,OCc 2011 6.875 175,000 53,969 228,969 2012 6.875 190,000 41,937 231,937 2013 6.875 205,000 28,875 233,875 2014 6.875 215.000 14.781 229.781 r 2 435 000 1,969,337 4 404 337 These bonds are dated December 1, 1991. The proceeds of the bond issue will be used to extend and improve the existing sewerage facilities serving the City. Principal payments are made annually on June 1, and interest payments are made semi-annually on June I and December 1. The interest due on the 1991 Sewer System Revenue Bonds will be subsidized by interest earnings on a reserve fund held by the bond issues trustee. As the City is reimbursed for sewer project expenditures from the construction funds held by the trustee, the Department of Natural Resources will deposit an amount equal to approximately 51.907% of the reimbursement into the reserve fund. The maximum amount of funds that will be advanced to the reserve fund will be $1,250,000. As bonds are paid off 50% of the amount of bonds paid off will be repaid to the Department of Natural Resources out of the reserve fund. The balance of the reserve fund at June 30, 1995 was $704,881. The reserve fund yields 6.71%. 34 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE E - LONG-TERM OBLIGATIONS - Continued $ 500,000 Sewerage System Revenue Bonds (State Revolving Fund Proaram) Series 1993 due as follows: Year Ending Interest Principal Interest June 30 Rate Due Due Total a 1996 3.400% $ 15,000 $ 24,428 $ 39,428 1997 3.700 17,000 23,858 40,858 1998 3.900 17,000 23,212 40,212 1999 4.100 18,000 22,511 40,511 2000 4.250 19,000 21,739 40,739 2001 4.400 19,000 20,917 39,917 2002 4.550 20,000 20,044 40,044 2003 4.700 21,000 19,096 40,096 2004 4.800 22,000 18,074 40,074 2005 4.900 23,000 16,983 39,983 2006 5.000 24,000 15,819 39,819 2007 5.100 25,000 14,582 39,582 2008 5.200 27,000 13,242 40,242 2009 5.250 28,000 11,805 39,805 2010 5.400 30,000 10,260 40,260 2011 5.400 31,000 8,613 39,613 2012 5.400 33,000 6,885 39,885 2013 5.400 35,000 5,049 40,049 2014 5.400 37,000 3,106 40,106 2015 5.400 39,0W 1.053 40.053 $500,000 30L276 $801,276 These bonds are dated August 1, 1993. The proceeds of the bond issue will be used to extend and improve the existing sewerage facilities serving the City. + Principal payments are made annually on March 1, and interest payments are made semi-annually on March 1 and September 1. The interest due on the 1993 Sewer System Revenue Bonds will be subsidized by interest earnings on a reserve fund held by the bond issues trustee. As the City is reimbursed for sewer project expenditures from the construction funds held by the trustee, the Department of Natural Resources will deposit an amount equal to approximately 70.00% of the reimbursement into the reserve fund. The maximum amount of funds that will be advanced to the reserve fund will be $350,000. As bonds are paid off, 70% of the amount of bonds paid off will be repaid to the Department of Natural Resources out of the reserve fund. The balance of the reserve fund at June 30, 1995 was $350,000. The reserve fund yields 5.15%. r:L7 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS ,. June 30, 1995 NOTE E - LONG-TERM OBLIGATIONS - Continued $ 11,462,662 Water Pollution Control Revenue Bonds (State Revolving Fund Program) Series 1995D due as follows: Year Ending Interest Principal Interest June 30 Rate Due Due Total 1996 1997 1998 4.750% $ 22,226 $ 2,774 $ 25,000 1999 4.850 21,134 3,866 25,000 2000 4.950 20,057 4,943 25,000 2001 5.100 913,209 291,791 1,205,000 2002 5.250 913,677 366,323 1,280,000 2003 5.300 918,381 441,619 1,360,000 2004 5.400 924,769 530,231 1,455,000 2005 5.500 928,413 626,587 1,555,000 2006 5.650 932,824 742,176 1,675,000 2007 5.750 937,566 862,434 1,800,000 2008 5.850 943,267 996,733 1,940,000 2009 5.950 946,770 1,143,230 2,090,000 2010 6.050 722,409 992,591 1,715,000 2011 6.100 413,574 636,426 1,050,000 2012 6.150 380,828 654,172 1,035,000 2013 6.150 354,978 670,022 1,025,000 2014 6.200 326,281 683,719 1,010,000 _ 2015 6.200 303,920 696,080 1,000,000 2016 6.250 278,844 706,156 985,000 2017 6.250 259.535 715.465 975.000 $ 11.462.662 $ 11.767.338 $ 23130.000 These bonds are dated June 1, 1995. The proceeds of the bond issue will be used for the extension and improvement of the existing sewerage system serving the City. Principal and interest payments are made annually on January 1 beginning 1998. The interest due on the 1995D Water Pollution Control Revenue Bonds will be subsidized by interest earnings on a reserve fund held by the bond issue's trustee. As the City is reimbursed for sewer project expenditures from the construction funds, the Department of Natural Resources will deposit an amount equal to 70% of the disbursement into the reserve fund. The maximum amount of funds that will be advanced to the reserve fund will be 70% of the principal amount less original issue discount. As bonds are paid off 70% of the amount of bonds will be repaid to the Department of Natural Resources out of the reserve fund. The balance of the reserve fund at June 30, 1995 was $0. 36 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE E - LONG-TERM OBLIGATION - Continued $ 1,330,000 Building and Eauioment Leasehold Bonds, Series 1990 A and B. due as follows: $ 450,000 Series 1990A Year Ending Interest Principal Interest June 30 Rate Due Due Total 1996 6.25% $450,000 28,125 $478,125 450 000 28 125 478 125 $ 880.000 Series 1990B Year Ending Interest Principal Interest June 30 Rate Due Due Total 1996 6.40% $ 60,000 $ 59,893 $ 119,893 1997 6.50 65,000 56,052 121,052 1998 6.60 65,000 51,828 116,828 _ 1999 6.70 70,000 47,537 117,537 2000 6.75 75,000 42,847 117,847 2001 6.80 80,000 37,785 117,785 _ 2002 6.85 80,000 32,345 112,345 2003 6.90 85,000 26,865 111,865 2004 7.00 90,000 21,000 111,000 2005 7.00 210.000 1_4.700 224.700 $880,000 390,852 1,270,852 The bonds are obligations of the Cape Girardeau (Missouri) Public Facilities Authority (CGPFA). The CGPFA has entered into a Lease Purchase Agreement with the City of Cape Girardeau, Missouri. - Principal and interest will be paid by the CGPFA from rental and other receipts from the City. The purpose of the 1990A Series bonds is to acquire, construct, improve, widen, repair, and enlarge creek channels and a dry detention reservoir for the purpose of flood control. The purpose of the 1990B Series bonds is to acquire, construct, improve, and repair the City's airport facilities. The bond liability for the Series 1990A and 1990B bonds are recorded in the General Long -Term Debt Account Group. Principal payments are made annually on March 1, and interest payments are made semi-annually on March 1, and September 1. 37 r City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 4 NOTE E - LONG-TERM OBLIGATIONS - Continued r $ 490000 Building and Equipment Leasehold Revenue Bonds Series 1991 Year Ending Interest Principal Interest June 30 Rate Due Due Total 1996 5.70% 5 498.000 27M 0 5 7 930 1.120 00027 9 0 517,93 r The bonds are obligations of the Cape Girardeau (Missouri) Public Facilities Authority (CGPFA). The COPFA has entered into a Lease Purchase Agreement with the City of Cape Girardeau, Missouri. Principal and interest will be paid by the CGPFA from rental and other receipts from the City. The purpose of the 1991 bonds is to acquire, construct, improve, widen, repair and enlarge creek channels and a dry detention reservoir for the purpose of flood control. The bond liability for these bonds is recorded in the General Long -Term Debt Account Group. r Principal payments are made annually on March 1, and interest payments are made semi-ammally on March 1, and September 1. 4 $ 13 390 000 Building and Equipment Leasehold Refunding& L provement Revenue Bonds (Capital ,., Improvements Project). Series 1993 due as follows: Year Ending Interest Principal Interest .. June 30 Rate Due Dli, Total 1996 3.700% $ 1,165,000 $ 569,705 $ 1,734,705 r 1997 4.000 2,195,000 526,600 2,721,600 1998 4.100 2,265,000 438,800 2,703,800 1999 4.250 2,340,000 345,935 2,685,935 2000 4.400 2,915,000 246,485 3,161,485 2001 4.500 705,000 118,225 823,225 2002 4.625 720,000 86,500 806,500 2003 4.750 420,000 53,200 473,200 2004 5.000 185,000 33,250 218,250 y 2005 5.000 480.000 24 000 504.00Q $ 1 390 $ 2.442.700 $ 15.832.700 The bonds are obligations of the Cape Girardeau (Missouri) Public Facilities Authority (CGPFA). The CGPFA has entered into a Lease Purchase Agreement with the City of Cape Girardeau, Missouri. Principal and interest will be paid by CGPFA from rental and other receipts from tite City. The purpose of the bonds is to (1) pay the costs of various street improvements for the City, (2) defease $10,4I0,000 outstanding principal amount of Building and Equipment Leasehold Revenue Bonds of 38 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE E - LONG-TERM OBLIGATIONS - Continued the Authority and (3) pay the costs of issuance of the Series 1993 Bonds. The bond principal is allocated as follows: $2,838,923 - Sewer Fund; $548,438 - Solid Waste Fund; and $10,002,639 - General Long-term Debt Account Group. Principal payments are made annually on March 1 and interest payments are made semi-annually on March 1 and September 1. $ 3,460,000 Certificates of Participation (Convention and Visitors Recreation Facilities Project), Series 1993. Year Ending Interest Principal Interest June 30 Rate Due Due Total 1996 3.900% $ 135,000 $ 167,968 $ 302,968 1997 4.100 170,000 162,703 332,703 1998 4.300 215,000 155,733 370,733 1999 4.500 255,000 146,488 401,488 2000 4.700 295,000 135,013 430,013 2001 4.800 345,000 121,148 466,148 ` 2002 5.000 400,000 104,588 504,588 2003 5.000 455,000 84,588 539,588 2004 5.125 510,000 61,838 571,838 _ 2005 5.250 680.000 35 700 715.700 3 460000 1 175 767 4 635 767 The certificates are obligations of the City of Cape Girardeau, Missouri. Under a Lease Purchase Agreement between the City and the Cape Girardeau (Missouri) Public Facility Authority (the "Corporation"), the Corporation will assign the right to receive rental and other receipts from the City to Capital Bank of Cape Girardeau County ( the "Trustee"). The purpose of the 1993 Series certificates is for the acquisition, construction, furnishing, and equipping of a convention and recreational center, softball and soccer fields, and improvements to the City Hall. .. The bond liability for the Series 1993 certificates is recorded in the General Long -Terra Debt Account Group. Principal payments are made annually on April 1, and interest payments are made semi-annually on April 1, and October 1. c 39 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE E - LONG-TERM OBLIGATIONS - Continued The amounts available to service the Certificates of Participation in the Enterprise Funds and the General Long-term Debt Account Group are $359,038 and $424,212 respectively. Included in restricted cash on the balance sheet of the Enterprise Funds is $15,357,882 which is the balance in the various project accounts which represent incomplete projects at June 30, 1995. 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. _ During the fiscal year ended Jane 30, 1994, the City defeased (in -substance) $10,410,000 of CGPFA Bonds and $1,170,000 of Revenue Bonds. New debt was issued and the proceeds have been used to purchase U.S. government securities that were placed in trust funds. The investments and fixed earnings from the investments are sufficient to fully service the defeased debt until the debt is called or matures. For financial reporting purposes, the debt has been considered defeased and therefore removed as a liability on the face of the balance sheets. As of June 30, 1995, defeased debt still outstanding consisted of $4,403,457 in the Enterprise Funds and $7,076,543 in the General Long- term Debt Account Group. NOTE F - CAPITAL LEASE OBLIGATIONS In prior years, the City acquired 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. Current amortization expense is included in depreciation expense. No capital lease obligation existed as of June 30, 1995. NOTE G - DEFICIT FUND BALANCES/RETAINED EARNINGS The following individual funds have deficit fund balances/retained earnings at June 30, 1995. Enterprise Funds Solid Waste Fund $ 1,253,671 Golf Course Fund 54,383 ` Softball Complex Fund 41,678 Special Revenue Funds Parks & Recreation 58,975 42 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE E - LONG-TERM OBLIGATIONS - Continued The annual requirements to amortize all debt outstanding as of June 30, 1995 including total interest payments of $30,232,562 are as follows: In the Sewer Fund, $133,844 cash is available to service the Sewerage Revenue Bonds. The debt service available to retire the Leasehold Revenue Bonds is shown in the various funds as follows. Sewer Fund General Water Fund Leasehold Certificates 1,363 Year Ending Obligation Revenue Revenue of June 30 Bonds Bonds Bonds Participation Total 1996 $ 464,588 $ 1,311,643 $ 2,850,653 $ 587,003 $ 5,213,887 1997 470,338 1,348,703 2,842,652 651,458 5,313,151 1998 467,738 1,405,424 2,820,628 780,888 5,474,678 1999 468,806 1,439,589 2,803,472 810,123 5,521,990 2000 463,488 1,469,811 3,279,332 831,273 6,043,904 2001 461,805 2,689,955 941,010 859,403 4,952,173 2002 463,555 2,796,301 918,845 899,063 5,077,764 2003 458,875 2,908,036 585,065 924,423 4,876,399 2004 458,125 3,043,651 329,250 951,281 4,782,307 2005 461,250 3,172,494 728,700 1,088,915 5,451,359 2006 - 3,335,028 - 366,132 3,701,160 2007 - 3,332,441 - 630,125 3,962,566 2008 - 3,518,259 - 80,845 3,599,104 2009 - 3,711,214 - 76,768 3,787,982 2010 - 3,382,972 - 82,360 3,465,332 2011 - 2,760,902 - - 2,760,902 2012 - 3,881,702 - - 3,881,702 2013 - 1,298,924 - - 1,298,924 2014 - 1,279,887 - - 1,279,887 2015 - 1,040,053 - - 1,040,053 2016 - 985,000 - - 985,000 2017 975,000 975,000 4 638 568 $ 51.086.989 $ 18,099,60 $9,620,060 $ 83.445.224 In the Sewer Fund, $133,844 cash is available to service the Sewerage Revenue Bonds. The debt service available to retire the Leasehold Revenue Bonds is shown in the various funds as follows. Sewer Fund $ 5,808 Water Fund 1,867 Solid Waste Fund 1,363 Debt Service Fund 1.941,097 Total 1 950 135 41 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE E - LONG-TERM OBLIGATIONS - Continued $ 3,530,000 Certificates of Participation (Twin Lakes Project). Series 1994A. Year Ending Interest Principal Interest June 30 Rate Due Due Total 1996 4.000% $ 110,000 $ 174,035 $ 284,035 1997 4.400 140,000 178,755 318,755 1998 4.800 240,000 170,155 410,155 1999 4.800 250,000 158,635 408,635 2000 5.000 255,000 146,260 401,260 2001 5.100 260,000 133,255 393,255 2002 5.200 275,000 119,475 394,475 2003 5.350 280,000 104,835 384,835 2004 5.450 290,000 89,443 379,443 2005 5.550 300,000 73,215 373,215 2006 5.650 310,000 56,132 366,132 2007 5.750 600,000 30,125 630,125 2008 5.800 70,000 10,845 80,845 2009 5.850 70,000 6,768 76,768 2010 5.900 80,000 2,360 82.360 $ 3,530,000 1 454 293 4 984 293 The certificates are obligations of the City of Cape Girardeau, Missouri. Under a Lease Purchase Agreement between the City and the Cape Girardeau (Missouri) Public Facilities Authority (the "Corporation"), the City will assign the right to receive rental and other receipts from the City to Capital Bank of Cape Girardeau County (the "Trustee"). The purpose of the 1994A Series certificates is to (1) pay the costs of certain improvements to the City's waterworks and sewerage systems and costs associated with the closing of a City waste disposal site, (2) establish a debt service reserve fund for the Series 1994A Certificates, and (3) pay the costs of issuance of the Series 1994A Certificates. The bond liability for the Series 1994A Certificates is recorded in the Sewer, Water, And Solid Waste Funds. Principal payments are made annually on October 1, and interest payments are made semi-annually on April 1 and October 1. 40 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE H - PENSION PLAN 1. Plan Descriotion The City of Cape Girardeau participates to the Missouri Local Government Employees Retirement System (LAGERS), an agent multiple -employer public employee retirement system that acts as a common investment and administrative agent for local government entities in Missouri. LAGERS is a defined benefit pension plan which provides retirement, disability, and death benefits to plan members and beneficiaries. LAGERS was created and is governed by statute, Section RSMo. 70.600 - 70.755. As such, it is the system's responsibility to administer the law in accordance with the expressed intent of the General Assembly. The plan is qualified under the Internal Revenue Code Section 401A and it is tax exempt. The Missouri Local Government Employees Retirement System issues a publicly available financial report that includes financial statements and required supplementary information. That report may be obtained by writing to LAGERS, PO Box 1665, Jefferson City, MO 65102 or by calling 1-800- 447-4334. 2. Fundine Policy The City of Cape Girardeau's full-time employees do not contribute to the pension plan. The political subdivision is required by state statute to contribute at an actuarially detemtined rate; the current rate is 7.0% (general), 7.8% (police) and 15.0% (fire) of annual covered payroll. The contribution requirements of plan members are determined by the governing body of the political subdivision. The contribution provisions of the political subdivision are established by state statute. 3. Annual Pension Cost For 1995, the political subdivision's annual pension cost of $693,627 was equal to the required and _ actual contributions. The required contribution was determined as part of the February 28, 1993 and/or 1994 annual actuarial valuation using the entry age actuarial cost method. The actuarial assumptions included (a) a rate of return on the investment of present and future assets of 7.0% per _ year, compounded annually, before retirement and 4.0% per year, compounded annually, after retirement, (b) projected salary increases of 4.0% per year, compounded annually, attributable to inflation, (c) additional projected salary increases ranging from 0.0% to 3.4% per year, depending on age, attributable to seniority/merit, and (d) pre -and post-retirement mortality based on the 1984 Group Annuity Mortality table set back no years for men and 6 years for women. The actuarial value of assets was determined using techniques that smooth the effects of short-term volatility in the market value of investments over a five-year period. The unfunded actuarial accrued liability is being amortized as a level percentage of projected payroll on a closed basis. The amortization period at February 28, 1995 was 18 years. 0 43 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE H - PENSION PLAN - Continued 3. Annual Pension Cost - Continued Three -Year Trend Information Fiscal Annual Percentage Net Year Pension of APC Pension Ending Cost (APC) Contributed Obligation 06/30/93 $ 574,918 100% $ 0 06/30/94 1,902,799 100% 0 _ 06/30/95 693,627 100% 0 Required Supplementary Information Schedule of Funding Progress (a) (b) (b -a) (alb) (c) ((b-a)/c) Entry Age Unfimded UAL as a Actuarial Actuarial Actuarial Accrued Annual Percentage of Valuation Value Accrued Liability Funded Covered Covered Date of Assets Liability (UAL) Ratio Payroll Pavmll r 02/29/93 $ 9,010,810 $ 9,967,849 $ 957,039 90% $ 6,624,319 14% 02/28/94 10,200,147 11,284,222 1,084,075 90% 7,388,088 15% 02/28/95 11,437,061 12,415,102 978,041 92% 7,646,328 13% Note: The above assets and actuarial accrued liability do not include the assets and present value of benefits associated with the Benefit Reserve Fund and the Casualty Reserve Fund. The City has chosen early implementation of GASB 27 (Accounting for Pensions by State and Local Governmental Employers.) The disclosures in this note are in accordance with that Statement. 44 City of Cape Girardeau, Missouri NOTES TO FINANCIAL. STATEMENTS June 30, 1995 NOTE I - INTEREST EXPENSE interest cost, including handling charges, totaling $2,775,248, excluding $135,332 of interfund interest, was incurred during the year ended June 30, 1995. No interest cost was capitalized as pan of the cost of assets constructed during the period. NOTE J - INTERFOND RECEIVABLES AND PAYABLES The following is a summary of the amounts due from and to other funds. Due to Due from General Fund $ 1,050,373 $ - Capital Improvement Sales Tax Fund 132,237 - Debt Service Fund - 132,237 CDBG Fund - 21,366 Corp Flood Control Fund - 4,762 Motor Fuel Tax Fund - 54,590 Street Improvements Fund - 149,325 Sewer Fund - 769,415 Softball Complex Fund - 50 915 1,182,610 1,18241 NOTE K - DEFERRED COMPENSATION PLAN The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The plan, available to all City employees, permits them to defer a _ portion of their salary until future years. Participation in the plan is optional. The deferred compensation is not available to employees until termination, retirement, death, or unforeseeable emergency. All plan assets including 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. The City has no liability for losses under the plan but does have the duty of due care that would be required of an ordinary prudent investor. The City believes that it is unlikely that it will use the assets to satisfy the claims of general creditors in the future. 45 46 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 r_ NOTE L - SEGMENT INFORMATION FOR ENTERPRISE FUNDS The City maintains five enterprise funds which provide sewer, water, solid waste, golf, and softball complex services. Segment information for the year ended June 30, 1995 was as follows: Softball Sewer Water solid Waste Golf Course Complex Taal Fund Fund Fund Fund Fond Entemrise Operating Revenue S 2,423,479 $ 3,715,962 $ 2,859,125 $ 415,162 $ 20,753 $ 9,434,481 Depnxiation 708,679 325,323 229,932 42,291 - 1,306,225 Operating Grants 14,316 - 2,123 - - 16,439 Operating Inoome (Loss) 613,892 561,414 1,615,378 5,682 (40,770) 2,755,596 Operating transfers in - - - 55,000 - 55,000 Na Income (Loss) 400,921 (60,172) 1,577,398 40,932 (41,678) 1,917,401 Current Capital Contributions 714,486 503,392 1,306 - - 1,219,184 Property, Plant and Equipment Additions 3,103,479 1,286,800 300,838 34,065 19,671 4,744,853 Deletions (102,926) - (256,071) (9,228) - (368,225) Net Working Capital 15,147,255 2,495,133 162,949 (383,968) (61,349) 17,360,020 Total Assets 38,060,760 13,794,275 2,399,231 369,060 19,671 54,642,997 Bonds and Other Long - Term Liabilities Payable from operating revenues 20,511,038 12,106,205 1,397,271 - - 34,014,514 Total Equity $ 15,840,792 $ 730,313 $ (965,086) $ (54,383) $ (41,678) $ 15,509,958 NOTE M - RESERVATION OF FUND EQUITY At June 30, 1995, the City had reserved its fund equity as follows: General Fund Reserved for prepaid items $ 71,905 Reserved for advances 1,752,500 Reserved for mausoleum maintenance 52,983 Reserved for police projects 39,803 Reserved for encumbrances 42-799 1,959,990 46 City of Cape Giranleau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 $ 252,144 ` Reserved for bond capital expenditures 2,292,383 NOTE M - RESERVATION OF FUND EQUITY - Continued 175,476 Special Revenue Funds Convention/Visitors Fund 474,152 Reserved for encumbrances $ 836 Airport Fund 8,926 Reserved for prepaid items 13,897 Reserved for encumbrances 181,815 Parks and Recreation Fund 1,036,912 Reserved for prepaid items 473 Reserved for encumbrances 11,697 Health Fund 47,803 Reserved for encumbrances 2,750 Motor Fuel Tax Fund 84,634 Reserved for encumbrances 47,821 Park Improvements Fund $259,289 Debt Service Fund 1.177 Reserved for debt service U,2 07 881 Capital Projects Funds General Capital Improvement Fund Reserved for debt service $ 252,144 ` Reserved for bond capital expenditures 2,292,383 Reserved for encumbrances 175,476 Corps Flood Control Fund ` Reserved for debt service 474,152 Reserved for bond capital expenditures 1,036,699 Reserved for encumbrances 8,926 ` Street Improvements Fund Reserved for debt service 217,618 Reserved for bond capital expenditures 1,036,912 ` Reserved for encumbrances 42,311 FAU Street Grants Fund Reserved for encumbrances 47,803 _ Community Development Block Grant Fund Reserved for economic development loan repayments 84,634 r Reserved for encumbrances 54,347 Park Improvements Fund Reserved for encumbrances 1.177 5 724 582 47 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE N - RESERVED RETAINED EARNINGS AND RESTRICTED ASSET ACCOUNTS As of June 30, 1995, the reserved portion of retained earnings for the Sewer Fund is as follows: Reserved for debt service 26 667 Total reserved retained earnings 26 667 At June 30, 1995, the City has restricted assets in its Enterprise funds as follows: Bond Construction Sewer Fund $ 14,200,180 Water Fund 889,658 Solid Waste Fund 268.045 $ 15.357.883 Revenue Bond Sinking and Reserve Fund Total $ 1,513,695 $ 15,713,875 1,196,841 2,086,499 81.863 349.908 $2,792,399 $ 18.150.282 iNU iG G - LA.ADral.i dAv 11:SYa,w..�., .":. vcS. State and federal laws and regulations require the City to place a fund cover on its landfill when closed and perform certain maintenance and monitoring functions at the landfill site for thirty years after closure. The City closed its landfill in the fiscal year ending June 30, 1994, and an expense provision and related liability were recognized at that time based on the future closure and postclosure care costs that were estimated to be incurred near or after the date the landfill no longer accepted waste. The entire amount of the estimated total costs for landfill closure and postclosure care costs was recognized in prior years since the recognition is based on landfill capacity used to date and the landfill was filled to capacity in prior years. The estimated total future liability for landfill postclosure care costs is $913,250 as of June 30, 1995, which is based on the amount that would be paid if all equipment, facilities, and services required to close, monitor, and maintain the landfill were acquired as of June 30, 1995. However, the actual cost of closure and postclosure care may be higher due to inflation, changes in technology, or changes in landfill laws and regulations. During the fiscal year ending June 30, 1995, the City decided to conduct a large part of the closure and postclosure care activities through the use of City staff. This decision has led to a significantly lower estimate than the prior year for the total closure and postclosure care costs. The City of Cape Girardeau has used the option of a Contract of Obligation as the financial assurance instrument for the landfill. The City issued bonds in October 1994 from which the proceeds have been used to pay the closure costs. 48 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE P - RISK MANAGEMENT The City has established self-insurance plans for employees health insurance and workers compensation. Both of these are accounted for in the internal service fund. For each plan, the City is substantially self-insured, but the City is insured against very large losses. The City has also hired an administrator for each plan that handles claim payments and other duties. Claims liability is estimated using data supplied by the administrator. The claims activity during the year is summarized as follows: CLAIMS LIABILITIES RECONCILIATION Health Workers Insurance Compensation Total Balance, July 1, 1994 $ 145,787 $ 78,222 $ 224,009 Provision for Incurred Claims 720,646 268,985 989,631 Payments of Claims67( 7.714)19( 1.682)86( 9.396) Balance, June 30, 1995_IL5.7t9 155,S25 S 344,244 NOTE Q - CONCENTRATION OF CREDIT RISKIBAD DEBT ALLOWANCE The City has uncollatetalized utility accounts receivable generated within a limited geographical region primarily consisting of its city limits. The City also has taxes, special assessments, and user fees receivable which are concentrated among its citizens. Some of these items attach as liens ,. against real and personal property. The maximum accounting loss is the amount shown as utility charges receivable on the Combined Balance Sheet. .. At June 30, 1995, utility receivables totaled $1,686,939. On the financial statements, the utility receivables are shown net of the allowance for doubtful accounts of $551,700. This results in net utility receivable of $1,135,239. NOTE R - COMMITMENTS AND CONTINGENCIES 1. Lineation Various claims and lawsuits are pending against the City. In the opinion of City management, the potential loss on all claims and lawsuits will not be significant to the City's financial statements. 49 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS W June 30, 1995 NOTE R - COMMITMENTS AND CONTINGENCIES - Continued 2. Grant Audit The City receives Federal and State Grants for specific purposes that are subject to review and audit by various Federal and State agencies. Such audits could result in a request for reimbursement by any of the Federal and State agencies for expenditures disallowed under the terms and conditions ., of the appropriate agency. In the opinion of City management, such disallowances, if any, will not be significant. 3. Construction Commitments As of June 30, 1995, the City had construction commitments outstanding of $880,698. 4. Encumbrances As of June 30, 1995, the City had encumbrances outstanding of $635,713. NOTES - SUBSEQUENT EVENTS In August 1995, the City discontinued the collection of commercial solid waste and sold the related equipment, containers, and account list to a private company. NOTE T - CONTRIBUTED CAPITAL The changes in the contributed capital accounts for the enterprise funds were as follows: 0 50 Solid Sources Sewer Water Waste Total Beginning Balance, July 1, 1994 $ 14,645,957 $ 218,325 $ 287,279 $ 15,151,561 Contributing Sources: Donated assets by developers 262,758 219,419 - 482,177 Connection fees 305,351 63,112 - 368,463 State giants 146.378 220M0 1306 368.544 Ending Balance, June 30, 1995 $ 15.360.444 2 1316 $ 288,585 1 16.370 45 50 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE U - EXCESS OF EXPENDITURES/EXPENSES OVER APPROPRIATIONS For the year ended June 30, 1995 expenditures/expenses exceeded appropriations in the individual funds as follows: Debt Service Fund Convention/Visitors Fund Downtown Business District Fund Water Fund Budget Actual Variance $ 10,281,996 $ 10,421,715 $ (139,720) 287,184 289,186 (2,002) 27,230 27,264 (34) 3,102,893 3,135,814 (32,922) 51 COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS City of Cape Girardeau, Missouri GENERALFUND COMPARATIVE BALANCE SHEET JUNE 30, 1995 AND 1994 53 1995 1994 $2,208,001 $2,323,789 40,911 46,152 559,821 ASSETS 1,048,369 1,124,578 40,743 Cash and cash equivalents 63,526 Receivables, net of allowances for 67,196 doubtful receivables 39,630 Real estate, personal property 1,050,373 and merchant taxes 1,752,500 Sales tax 71 Franchise tax 71,905 Special assessments receivable Interest receivable Other receivables +. Intergovernmental receivables Grants receivable Due from other funds Advances to other funds Inventories Prepaid items Total assets LIABILITIES AND FUND BALANCES Accounts payable Accrued liabilities Salaries, payroll taxes and benefits Other liabilities Due to other governments Deferred revenue Total liabilities Fund Balances Reserved for prepaid items Reserved for advances Reserved for mausoleum maintenance Reserved for police projects _ Reserved for encumbrances Unreserved Total fund balances Total liabilities and fund balances 53 1995 1994 $2,208,001 $2,323,789 40,911 46,152 559,821 478,666 1,048,369 1,124,578 40,743 40,258 63,526 23,688 67,196 49,683 39,630 28,353 1,050,373 250,776 1,752,500 1,797,500 71 137 71,905 58,879 $6,943,046 $6,222,459 $219,030 $268,228 264,879 228,992 30,299 40,981 4,419 9,390 1,075,119 914,024 1,593,746 1,461,615 71,905 58,879 1,752,500 1,797,500 52,983 49,896 39,803 37,435 42,799 111,086 3,389,310 2,706,048 5,349,300 4,760,844 $6,943046 $6,222,459 CHY of Cail Girardeau, Missouri GENERAL FUND SCHEDULE OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE M. 1985 BUDGET ACTUAL $9,496242 1A59,118 231.410 2]4.65] 433.621 501$65 66.)22 260.2]3 12.344.309 28.09fi 139A9 14230 u239 1&].064 322.095 352.90] t 187A52 201.601 279.414 33025] 65,530 211514 i A9 1.4 15 661.323 115,658 112.1]9 911.160 192442 35332]6 2554.2114 62]9,952 I.4U.M 189.051 9D IM323590 176 176 11197IVH VARIANCE FAVORABLE (UNFAVORABLE) $198,092 333568 24,]60 (14,043) 7A21 (/8,435) 21,]22 169 B]3 6604.159 8,121 18,1]] 7A57 6,]81 62]8 ],486 16.101 70,584 32.639 30.0% 14.089 15.3]0 26.051 118245 38.998 (18.]15) 4$51 24,835 6251 125A65 50,439 1@.555 38.0]3 ro) 38,x64 (56,@00) (51) (51) 327,342 1,146.445 REVENUES 824.435 T.. 592981150 as Licenws end Prm6a 725,550 5.194 Ir•rgau nmanml 206.650 S656.743 Clangs. tar.evices 288,700 Itirdepatmanlal .since. 428,000 Enos and forfai 5601000 as Miscellaneous 45.000 Irtrert 111.100 TOTAL REVENUES 11.681150 as EXPENDITURES Crrent Adminetretive service. City council 38211 Human neeovcae 157.498 CKy manager 195287 %blicaweranaaa 21.000 CRY aBarney 169.842 Fin. 39583 Inwoo,partmemel 369,o t o Tonal administoo aarvices 1256.43! Development srvlce. Planown, srvices 20)240 Inspection services 3®.510 Engineering samoss 3H.346 Communityand amnonoc development 81,000 Pubic transpWatlon 277.56.5 Tocal dawlcpmard srvicee 1209.660 P., and racmatloo Perk maintenance 722.321 Cemetery 96,943 Facility naiMarence 116.730 Total pelksand recreation 935.994 Public salety Municipal cwt 198,Fi63 Police 3A59.141 Fina 2A04.203 TdN public sal 6.462,507 a Publicwarlo Sl 1472.942 st..tr 169,042 Total public worts Ik41.963 Cordial 66.500 Detaum. Intl and fiscal charge. 125 Tafel dein.rvice 19 TOTAL EXPENDITURES 11575205 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 105,945 a OTHER FINANCING SOURCES (USES) Operating tnnalrs in 824.435 Operating transfers 04 (1.355500) Proceeds tom Feed excels 7.500 Spacial aamssman6 - TOTAL OTHER FINANCING SOURCES (USES) (523565) EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES (5417,620) $9,496242 1A59,118 231.410 2]4.65] 433.621 501$65 66.)22 260.2]3 12.344.309 28.09fi 139A9 14230 u239 1&].064 322.095 352.90] t 187A52 201.601 279.414 33025] 65,530 211514 i A9 1.4 15 661.323 115,658 112.1]9 911.160 192442 35332]6 2554.2114 62]9,952 I.4U.M 189.051 9D IM323590 176 176 11197IVH VARIANCE FAVORABLE (UNFAVORABLE) $198,092 333568 24,]60 (14,043) 7A21 (/8,435) 21,]22 169 B]3 6604.159 8,121 18,1]] 7A57 6,]81 62]8 ],486 16.101 70,584 32.639 30.0% 14.089 15.3]0 26.051 118245 38.998 (18.]15) 4$51 24,835 6251 125A65 50,439 1@.555 38.0]3 ro) 38,x64 (56,@00) (51) (51) 327,342 1,146.445 1Ad0,500 824.435 (1j ,648) 16.852 19,317 11.817 5191 5.194 (489.702) 33.863 S656.743 S1.074.364 54 City of Cape Girardeau, Missouri SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET June 30, 1995 (With Comparative Totals for June 30, 1904) Downtown Capital Convention/ Business Perks and Motor Improvement Flood Vision Totals Visitors Airport District Recreation Health Fuel Tax Sales Tex Protection 2000 8-30-95 5-30-94 ASSETS Cash and cash equivalents $33,810 $37,324 $10,034 $17,424 $144,692 E- $1.217.068 $4.137 $1,428 $1,465,919 Ea4, 842 Investments 250,000 - - - - 300,000 595.589 - - 1.145,509 1.726.159 ReceivB1,1e5, net of allowances for doubtful receivables Real estate tax - - 1,075 - 5,381 - - - - 6,456 7,058 Personal propertytax - - - - 917 - - - - 917 749 Hotel -motel ter receivable 31,339 - - - - - - - - 31,339 29,016 Restaurant tax receivable 49.061 - - - - - - - - 49,061 44,018 MOtor lu9l tax - - - - - 67,329 - - - 67,329 69,379 Motor vehicle license lees - - - - - 15,448 - - - 15.449 13.269 Motor vehicle Eales tax - - - - - 17.852 - - - 17,852 18.860 Otherreceinb195 - 16,652 - 4,133 - - - - - 20.705 38.161 SBIBatax - - - - 1 - 139,919 - - 139.920 149,911 Imerest receivable 4.953 - - - - 5.944 81985 - - 17,862 40,015 Grams receivable - 28.352 - - - - - - - 28,352 41.017 Prepaid Items - 13,898 - 473 - - - - 120 14,491 10,432 Due from other funds - 132,237 132.237 - Total assets 5369,163 596=228 $1�E2 515`901 54� 52.091,]18 5� S $31"556 f2.633.eefi UABIUTIES AND FUND BALANCES Accounts payable $15,865 $26.432 $- $52,418 52213 $- $28 E- $1,253 $97,809 $94488 Accrued liebiloes Salade5,payroll taxes and benefits 3.389 15.190 - 28,750 955 - - - - 48,292 44,215 Other liabilities - 50 - 237 - - - - - 207 168 Due to Other funds - - - - - 54,590 - - - 54,590 ]0,]95 Deferred revenue - 20.975 1.075 - 5,337 247,406 2]4,]93 181352 Total liabilities 19254 62_655 1.075 81,005 8.505 5,590 24].4341,253 475,]]1 381.000 Fund balances Reserved for prepaid items - 13.897 - 473 - - - - - 14,370 10,111 Reserved for80cumbran0es 838 181,815 - 11.697 2,750 47,821 - - - 244,919 11.290 Unreserved 349,073 162,141 10,034 71,145 13%736 394183 1,844.344 4,137 295 2,418.496 2,231.277 Total fund balances 3491909 33_571 10,034 59.975 142,486 351,984 1,844.344 4.137 295 2.677,785 2252,686 Total liabilities and fund balances 9389,183 596226 S1 _L22030$15991 f4 52.091 ]78 f1�13i $1 5482345).556 12,633.888 f 1 f f 1 i 1 1 1 1 1 f 1 1 f 1 1 1 i CA, do'. O'Isr , MN d SPECIAL REVENUE FUNDS COMBINING STATEME17 OF REVENUES. EXPBNgTUlE3 AND CHANGES IN FUND BALANCES FORTHE RSCAL YEAR ENDED JUNE JD, 1955 DOWNTOI t CAPITAL CONVENTIOW BUSINESS FARMS AND MOTOR IMPROVEMENT FLOOD VISION TOTALS VISITORS AIRPORT DISTRICT RECREATION HEAITH RUELTAX SALESTAX PROTECTION 2000 1914-1905 REVENUES T.s 5857,717 S- 522,987 S- 514GA$ $- 51.5)4,438 S- S- 52595917 IKer99v.nvnertM - 172840 - - 3,64T I,1S3,25O _ _ _ 1.329,738 ClergeF fv ecnce. 5,345 Wm - 250266 - - - - - 330,880 Mos.".. 6M 1,3,386 - 2476 - - - 24A 10 AM IMVWt 13.713 1,563 610 8.151 20,156 110,882 241 132 183.929 TOTALREVFNUES 077.380 358.510 24,551 253.352 152.58.9 1,181,9X6 1.665.299 241 2.611 4,534,419 EXPENDITURES C.t Ad1nRY9mN. eewicee 288,687 639.175 - - - - - - - 927,&2 Dw.bprt6rt eenkae - - ]],2M _ _ _ _ _ 4.941 32,2 P.duaM lweatim - _ - 654745 _ _ _ _ _ 554.745 Pubo ubp _ _ _ _ 126.793 _ _ _ _ 126,793 lic ,a DWX .E4 servis N Inere&entlTwlcher9e+ 2,881 a,OM - 1.95] 197 45 8.114 TOTALEXPENEFURES 291540 842.178 27,E 858.733 128.990 50.®9 4,947 1.000320 EXCESS (DERCIEICY) OF REVENUES OVER (UNDER) EXPENDITURES ME T285668) 0,]14) (O .Wl) 25,579 1,131.297 1.690,290 241 (2,386) 2]30.099 OTHER H LANCING SOURCES (USES) opnefln9o- w..I. - 322.500 - 43,000 - - - - _ 752500 OP b, "W.. oM (5m.f30) - - - - (1.175,000) (1,316.5N,) (3081,5001 TOTAL OTHER FINANCING SOURCES (OASES) (STI,COJ) a22.5W - 43,XX) - (11]5,X001 (1,]16,5&1 12 JO9 LCD) EXCESS (OEFIGIFNCY) OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES 15,832 36532 (2.714) 2,619 255]9 (427(M) 360.799 241 (2.380) 425,909 RIND BAEANCES, JULY 1 334.0]] (3281) 12,748 (IMkW 116907 395607 143,545 3,898 2,601 2.252688 RIND BKIANCEG, JUNE 30 SM&909 5335]1 510031 15508]5 5142466 5351.964 S1.BN.N1 fd.13] 5295 52.6]2>65 57 City of Cape Girardeau, Missouri CONVENTIONIVISITORS SPECIAL REVENUE FUND + SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE _ BUDGET ACTUAL (UNFAVORABLE) + REVENUES Taxes $756,000 $857,717 $101,717 Charges for services — 5,346 5,346 ` Miscellaneous — 604 604 Interest 7,000 13,713 6,713 TOTAL REVENUES 763,000 877,380 114,380 + EXPENDITURES Current + AdministratNe services 287,184 286,305 879 Debt Service Interest and fiscal charges 2,881 (2,881) ` TOTAL EXPENDITURES 287,184 289,186 (2,002) EXCESS (DEFICIENCY) OF REVENUES + OVER (UNDER) EXPENDITURES 475,816 588,194 112,378 + OTHER FINANCING SOURCES (USES) Operating transfers out (570,000) (570,000) — TOTAL OTHER FINANCING SOURCES ` (USES) (570,000) (570,000) — EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES ($94,184) $18,194 $112,378 57 City of Gape Girardeau, Missoun AIRPORT SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 BUDGET ACTUAL $172,846 83,268 100,396 356,510 814,070 3,004 817,073 (460,563) 322,500 322,500 ($138063) VARIANCE FAVORABLE (UNFAVORABLE) ($196,924) 71,868 (1,949) (127,005) 61,022 196 61,219 (65,786) 100,000 �R�ITITI'1)♦ $34.214 REVENUES r 58 Intergovernmental $369,770 Charges for services 11,400 Miscellaneous 102,345 TOTAL REVENUES 483,515 EXPENDITURES Current Administrative services 875,092 Debt Service Interest and fiscal charges 3,200 TOTAL EXPENDITURES 878,292 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (394,777) OTHER FINANCING SOURCES (USES) Operating transfers in 222,500 TOTAL OTHER FINANCING SOURCES (USES) 222,500 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND �. OTHER FINANCING USES ($172277) ACTUAL $172,846 83,268 100,396 356,510 814,070 3,004 817,073 (460,563) 322,500 322,500 ($138063) VARIANCE FAVORABLE (UNFAVORABLE) ($196,924) 71,868 (1,949) (127,005) 61,022 196 61,219 (65,786) 100,000 �R�ITITI'1)♦ $34.214 r 58 ACTUAL $172,846 83,268 100,396 356,510 814,070 3,004 817,073 (460,563) 322,500 322,500 ($138063) VARIANCE FAVORABLE (UNFAVORABLE) ($196,924) 71,868 (1,949) (127,005) 61,022 196 61,219 (65,786) 100,000 �R�ITITI'1)♦ $34.214 59 City of Cape Girardeau, Missouri DOWNTOWN BUSINESS DISTRICT SPECIAL REVENUE FUND + SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE + FAVORABLE BUDGET ACTUAL (UNFAVORABLE) REVENUES Taxes $22,000 $22,987 $987 + Interest 450 1,563 1,113 TOTAL REVENUES 22,450 24,551 Q101 EXPENDITURES Current Development services 27,230 27,264 (34) TOTAL EXPENDITURES 27,230 27,264 (34) + EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ($4,780) ($2,714) $2,066 59 City of Cape Girardeau, Missouri PARKS AND RECREATION SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 BUDGET ACTUAL 60 $250,266 2,476 610 253,352 665,788 1,987 667,776 (414.424) 430,000 430,000 VARIANCE FAVORABLE (UNFAVORABLE) ($2,234) (1,524) 610 (3,148) 16,098 (1,987) 14,111 10 963 $15,576 $10 963 REVENUES Charges for services $252,500 Miscellaneous 4,000 Interest TOTAL REVENUES 256,500 EXPENDITURES Current .. Parks and recreation 681,887 Debt service Interest and fiscal charges TOTAL EXPENDITURES 681,887 EXCESS (DEFICIENCY) OF REVENUES _ -:ER (UNDER) EXPENDITURES (45.387) r OTHER FINANCING SOURCES (USES) Operating transfers in 430,000 TOTAL OTHER FINANCING SOURCES (USES) 430,000 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES $4,613 60 $250,266 2,476 610 253,352 665,788 1,987 667,776 (414.424) 430,000 430,000 VARIANCE FAVORABLE (UNFAVORABLE) ($2,234) (1,524) 610 (3,148) 16,098 (1,987) 14,111 10 963 $15,576 $10 963 City of Cape Girardeau, Missouri HEALTH SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 BUDGET REVENUES Taxes $139,760 + Intergovernmental 4,350 Interest 2,500 .. TOTAL REVENUES 146,610 EXPENDITURES Current Public safety 145,193 Debt Service Interest and fiscal charges TOTAL EXPENDITURES 145,193 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES $1,417 61 ACTUAL $140,775 3,643 8,151 152,569 129,018 $23,354 VARIANCE FAVORABLE (UNFAVORABLE) $1,015 (707) 5,651 5,959 16,175 (197) 15,978 $21,937 City of Cape Girardeau, Missouri MOTOR FUEL TAX SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 62 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) r REVENUES Intergovernmental $1,173,000 $1,153,250 ($19,750) Interest 10,000 28,656 18,656 TOTAL REVENUES 1,183,000 1,181,906 (1,094) EXPENDITURES Current Public works 150,000 98,386 51,614 Debt Service Interest and fiscal Charges 45 (45) TOTAL EXPENDITURES 150,000 98,430 51,570 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 1,033,000 1,083,476 50,476 OTHER FINANCING SOURCES (USES) Operating transfers out (1,175,000) (1,175,000) — TOTAL OTHER FINANCING SOURCES (USES) (1,175,000) (1,175,000) — EXCESS (DEFICIENCY) OF REVENUES .. AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES ($142,000) ($91,524) $50,476 62 City of Cape Girardeau, Missouri CAPITAL IMPROVEMENT SALES TAX SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE ACTUAL (UNFAVORABLE) $1,574,438 $97,438 110,862 65,362 1,685,299 162,799 00,000 BUDGET 100,000 1,685,299 262,799 REVENUES Taxes $1,477,000 Interest 45,500 TOTAL REVENUES 1,522,500 EXPENDITURES Current Public works 100,000 TOTAL EXPENDITURES 100,000 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 1,422,500 OTHER FINANCING SOURCES (USES) Operating transfers out (1,316,500) TOTAL OTHER FINANCING SOURCES (USES) (1,316,500) EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES $106,000 63 VARIANCE FAVORABLE ACTUAL (UNFAVORABLE) $1,574,438 $97,438 110,862 65,362 1,685,299 162,799 00,000 100,000 1,685,299 262,799 (1,316,500) (1,316,500) $368,799 $262,799 64 City of Cape Girardeau, Missouri FLOOD PROTECTION SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) + FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) REVENUES o Interest $150 $241 $91 TOTAL REVENUES 150 241 91 EXPENDITURES Current Administrative services 3,800 3,800 .. TOTAL EXPENDITURES 3,800 3,800 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ($3650) $241 $3,891 64 IM 65 City of Cape Girardeau. Missouri VISION 2000 SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) REVENUES Miscellaneous $10,000 $2,479 ($7,521) Interest 100 132 32 TOTAL REVENUES 10,100 2,611 (7,489) EXPENDITURES Current Development services 10,100 4,997 5,103 TOTAL EXPENDITURES 10,100 4,997 5,103 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES $— ($2386) ($2,386) 65 City of Cape Girardeau, Missouri DEBT SERVICE FUND COMPARATIVE BALANCE SHEET JUNE 30, 1995 AND 1994 a 1995 1994 $649,348 $169,117 2,350,910 9,560,939 12,753 14,653 724,107 454,593 35,174 33,539 $3,772292 $10 232 841 $132,237 ASSETS 732,174 465,646 864,411 Cash and cash equNalents 2,907,881 Investments 2,907,881 Receivables, net of allowances for $3,772,292 doubtful receivables Real estate, personal property and merchant taxes Special assessments receivable Interest receivable Total assets LIABILITIES AND FUND BALANCES r Due to other funds Deferred revenue .� Total liabilities Fund Balances Reserved for debt service Total fund balances Total liabilities and fund balances a 1995 1994 $649,348 $169,117 2,350,910 9,560,939 12,753 14,653 724,107 454,593 35,174 33,539 $3,772292 $10 232 841 $132,237 $- 732,174 465,646 864,411 465,646 2,907,881 9,767,195 2,907,881 9,767,195 $3,772,292 $1023-2841 I I f I I I I f I I I I I I I I I I I City of Cape Girardeau, Missouri CAPITAL PROJECTS FUNDS COMBINING BALANCE SHEET June 30, 1995 (With Comparative Totals for June 30, 1994) General Corp Capital Flood Street FAU Street CDBG Park Totals Improvement Control Improvements Grants Gant Improvements 6-30-95 6-30-94 ASSETS Cash and cash eclumionts $1,412,515 $1,862,602 $1,248,839 $310,150 $94,616 $70,196 $4,998,918 $3,713,882 Investments 1,251,726 200,000 200,000 - - - 1,651,726 3,907,111 Gants receivable 156,875 - - - 14,500 - 171,375 129,060 Spatial asseemonte receivable - - 132,594 15,253 - - 147,847 169,137 Interest receivable 11,469 12,414 9,654 - - - 33,537 31,083 Notal recenable 12,097 12,097 16,130 m J Total assets $2,832,585 $2,075,016 $1,591,087 $325,403 $121,213 $70,196 $7,015,500 $7,986,403 LIABILITIES AND FUND BALANCES Accounts payable $56,012 $4,212 $10,834 $- $291 i- $71,349 $268,809 Other labilibes - - - - - - - 9,942 Due to other governments - - - - 500 - 500 1,000 Due to other funds - 4,762 149,325 - 21,366 - 175,453 179,982 Defamed revenue 130,868 15,253 146,121 189,056 Total liabilities 56,012 8,974 291,027 15,253 22,157 - 393,423 668,789 Fund balances Reserved for debt seNlce 252,144 474,152 217,618 - - - 943,914 739,721 Reserved for bond septal expeno9lves 2,292,383 1,036,699 1,036,912 - - - 4,365,994 5,542,795 Reserved for economic de✓. loan repymnts. - - - - 84,634 - 84,634 75,706 Reserved for sncumbmnce9 175,476 8,926 42,311 47,803 54,347 1,177 330,040 548,112 Unreserved 56,570 546,265 3,219 262,347 39,92 69019 897,495 411,280 Total fund balances 2,776,573 2,066,042 1,300,060 310,150 99,056 70,196 6,622,077 7,317,614 Total liabilities and fund balances $2,832,505 $2.0]5,016 X91 $325,403 $121.213 $70.196 $7,015,500 $7,986,403 I 1 1 1 1 1 1 1 1 1 1 1 11 1 1 1 1 1 1 City of Cape Girardeau, Missouri CAPITAL PROJECTS FUNDS COMBIWIG STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES Fc,R THE FISCAL YEAR ENDED JUNE 30, 1995 GENERAL CORP FAU CAPITAL FLOOD STREET STREET CDBG PARK TOTALS IMPROVEMENT CONTROL IMPROVEMENTS GRANTS GRANT IMPROVEMENTS 1994-1995 REVENUES Intergovernmental $200,382 $- $3,039 $9,044 $352,856 $- $592,322 Interest 121,686 111,161 102,673 20,779 4,896 4,483 365,676 TOTAL REVENUES 322,068 111,161 132,712 29,623 357,754 4,483 958,000 EXPENDITURES Capital outlay 403,832 393,863 658,733 41,232 310,532 14,984 1,823,176 Debt service Interest and fiscal chargee 569 14 18,932 2,209 21,804 m TOTAL EXPENDITURES 4o4,401 393,8]] snssB 41,232 312,821 14,984 1,644,960 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (82333) 1282,716) (544,954) (11,409) 441933 (10501) (00098(1 OTHER FINANCING SOURCES (USES) Operating travelers in 150,000 - - - 33,14B 65,000 248,148 Operating transfers out - - (50,000) - - (49,435) (99,435) Special assessments - - 37,646 5,064 42,731 TOTAL OTHER FINANCING SOURCES (USES) 150,000 - (12,354) 5,084 33,148 15,565 191,443 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES 67,667 (262,71) (557,307) (6,325) 78,080 5,064 (695,537) FUND BALANCES, JULY 1 2,708,906 2,348,758 1,857,367 316,475 20,976 65,132 7,317,614 FUND BALANCES, JUNE 30 $2,776,573 E2,oss,o42 51.300,060 ___$_310 160 $99.056_$70 196 E6622 077 69 City of Cape Girardeau, Missouri GENERAL CAPITAL IMPROVEMENT FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUOGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET ACTUAL UNFAVORABLEE_ r REVENUES Intergovernmental $2,475,320 $200,382 ($2,274,938) Interest 102,500 121,686 19,186 r TOTAL REVENUES _2677820 _ 322,068 (2255,752} EXPENDITURES Capital outlay 5,462,600 364,312 5,098,288 Debt service Interest andfiscai Charges — 569 _I TOTAL EXPENDITURES 5,462,600 364,881 5,097,719 ^' EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (2,884.780) (42,813) 2,841,967 r OTHER FINANCING SOURCES (USES) Operating transfers in _ 150,000 150,000 — ,. TOTAL OTHER FINANCING SOURCES (USES) 150,000 150,000 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES734780 $107,187 $2841967 i 69 City of Cape Girardeau, Missouri CORP FLOOD CONTROL CAPITAL PROJECT FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 70 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) REVENUES Intergovernmental $449,600 $— ($449,600) i Interest 40,750 111,161 70,411 TOTAL REVENUES 490,350 111,161 (379,189) + EXPENDITURES Capital outlay 2,401,600 402,789 1,998,811 Debt service Interest and fiscal Charges 14 (14) TOTAL EXPENDITURES 2,401,600 402,803 1,998,797 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ($1911250) 1$291,6421 $1619608 70 City of Cape Girardeau, Missouri ' STREET IMPROVEMENTS FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) 71 REVENUES Intergovernmental $520,000 $30,039 ($489,961) Interest 71,800 102,673 30,873 TOTAL REVENUES 591,800 132,712 (459,088) EXPENDITURES Capital outlay 1,657,100 409,009 1,248,091 Debt service _ Interest and fiscal charges 18,932 (18,932) TOTAL EXPENDITURES 1,657,100 427,942 1,229,158 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (1,065,300) (295,230) 770,070 OTHER FINANCING SOURCES (USES) Operating transfers out (57,000) (50,000) 7,000 _ Special assessments 34,600 37,646 3,046 TOTAL OTHER FINANCING SOURCES (USES) (22,400) (12,354) 10,046 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES ($1087700) ($307583) $780,117 71 City of Cape Girardeau, Missouri FAU STREET GRANTS FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 BUDGET ACTUAL 0 72 $9,044 20.779 29,823 81,254 81,254 (51,431) 5,084 5,084 VARIANCE FAVORABLE (UNFAVORABLE) ($461,196) 11,479 (449,717) 515,346 515,346 65,629 84 84 ($46347) $65,713 REVENUES Intergovernmental $470,240 Interest 9,300 TOTAL REVENUES 479,540 EXPENDITURES Capital outlay 596,600 TOTAL EXPENDITURES 596,600 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (117,060) OTHER FINANCING SOURCES (USES) Special assessments 5,000 TOTAL OTHER FINANCING SOURCES (USES) 5,000 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES ($112,060) 72 $9,044 20.779 29,823 81,254 81,254 (51,431) 5,084 5,084 VARIANCE FAVORABLE (UNFAVORABLE) ($461,196) 11,479 (449,717) 515,346 515,346 65,629 84 84 ($46347) $65,713 City of Cape Girardeau, Missouri ` COMMUNITY DEVELOPMENT BLOCK GRANT FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 BUDGET ACTUAL $352,858 4.896 357,754 331,579 2,289 333,868 23,886 33,148 33,148 VARIANCE FAVORABLE (UNFAVORABLE) ($31,118) 4,896 (26,221) 99,866 (2,289) 97,577 71,356 (16,852) (16,852) $57,033 $54.503 REVENUES 73 Intergovernmental $383,975 Interest TOTAL REVENUES 383,975 EXPENDITURES Capital outlay 431,445 Debt service i Interest an d fiscal charges TOTAL EXPENDITURES 431,445 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (47,470) OTHER FINANCING SOURCES (USES) Operating transfers in 50,000 TOTAL OTHER FINANCING SOURCES (USES) 50,000 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES ` OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES $2530 $352,858 4.896 357,754 331,579 2,289 333,868 23,886 33,148 33,148 VARIANCE FAVORABLE (UNFAVORABLE) ($31,118) 4,896 (26,221) 99,866 (2,289) 97,577 71,356 (16,852) (16,852) $57,033 $54.503 73 $352,858 4.896 357,754 331,579 2,289 333,868 23,886 33,148 33,148 VARIANCE FAVORABLE (UNFAVORABLE) ($31,118) 4,896 (26,221) 99,866 (2,289) 97,577 71,356 (16,852) (16,852) $57,033 $54.503 74 City of Cape Girardeau, Missouri PARK IMPROVEMENTS FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) REVENUES Interest $2,000 $4,483 $2,483 TOTAL REVENUES 2,000 4,483 2,483 EXPENDITURES Capital outlay 35,000 16,161 18,839 TOTAL EXPENDITURES 35,000 16,161 18,839 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (33,000) (11,678) 21,322 OTHER FINANCING SOURCES (USES) Operating transfers in 65,000 65,000 — Operating transiersout (49,435) (49,435) — TOTAL OTHER FINANCING SOURCES (USES) 15,565 15,565 — EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES ($17435) $3887 $21,322 74 City of Cep. Girardeau, Missouri ENTERPRISE FUNDS COMBINING BALANCE SHEET June W. 1905 (With Comparative Total for June 30, 1994) Solid Goll Softball Tel _ Sewer Water Wast, Course COQ 6-30-95 6-30-94 ASSETS Cash and cash equimlems $71$34 $649,668 $466.155 $34,900 $- $1,242,657 $1,375)22 ImasMems 596,411 - 121,854 - - 716,265 1,037,648 Utlllty charges mcehable (net of allowance for doubtful receivables) 322,717 497,427 315,095 - - 1,135,239 1,19,1" Grams receivable 19,423 23,766 - - - 43,191 - Special aeaeaamertsreceivable 101,836 - - - - 101,838 37,479 trttaestrecelvable 32,154 16,225 7,004 - - 55,383 39,427 Other re,m"Ielea 24,321 10,100 54,661 1,073 - 90,155 69,995 im.untorles - 153,272 - 3,320 - 156,592 156,604 r, Restricted asset. Cash and cash equlvalems 13,504,234 795,280 269,408 - - 14,568,922 2,817,101 Im otments 2,209,641 1,291,218 80,500 - - 3,581,359 1,683,587 Prepaid Items 471,081 160,932 50,713 182 - 662,908 364,001 r. 17,353,752 3,597,890 1,385,390 39,475 - 22,376,507 8,690,68(1 Property, plamand equipment r Land 135,869 - 102,921 - - 236,790 191,790 Buildings 8,156,627 198,266 703,885 1,500 - 9,060,276 9,060,278 ImpTOvamems other buildings 17,410,838 9,831,096 83,122 328,535 - 27,653,591 26,531,355 Equipment 879,982 583,569 1,595,528 342,493 19,671 3,421,263 3,110,941 Construction In progress 2,819,823 490,600 3,310,423 304,891 _ 29,403,139 11,103,551 2,485,456 672,528 19.671 43,664,345 39,199,255 Lass accumulated depreciation 8,696,131 907,166 1,471,615 342.943 11,417,855 10,"1,483 20,707,008 10,196,385 1,013,841 39,585 19,671 32,266,490 2817571772 Total assets $38060760 11379495 $2399913G�9060 19671 $54.642.997 537.448.460 LIABILITIES AND FUND EQUITY Accounts payable $405,851 $411,574 $33,122 $17,255 $3,508 $666,310 $844,361 Accrued 1labllhies Selades,peyroll takes and benefits 5$719 1,895 55,282 15,564 6926 133,386 112,784 Notes Payable - - 44,802 - - ",802 Interest payable 104,300 260,562 16,104 - - 3 ,966 353,063 Other Ilabllites 34,874 105,59 288 624 - 141.315 136278 Due W other funds 760,415 - - - SQ915 821,330 - Due mother gwemments 3,271 176197 - - - 181,488 124,960 Adi from Other funds 337,500 - 950,000 390,000 - 1,677,500 1,79,500 ,w Current portion Of long -tam debt 663,565 145,000 168,646 - - 9]7,231 732,761 Long-term debt net of ctrrem porton Revenue bonds payable 15,370,817 11,461,205 - - - 26832,022 15,657,244 Leasehold revenue bonds payable 2,326,636 - 413,823 - - 2,740,459 3,258,965 Certifi®tea of participation 2,156000 500,000 770,000 - - 3,400,000 r. Estimated Iandill cleave and post-cicave care cost fabilm, - 913,250 - - 913,250 2,132,227 Total liabilities 22.219,968 13,063,962 3,364,317 423,443 61,349 39,133,039 25,075,087 Fund equity Contributed capital 15,360,444 721,716 286585 - - 16,370,745 15,151,561 R.tered earning. Resarved for debt service 26,667 - - - - 26,667 25,000 Umeserv.d 453,681 8.597 1,253,671 54,383 41,676 (887,454) (2,803,186) Told fund equity 15,840,792 730,313 (965,086)514,383) 41,678 15,509,958 12373,373 Total liabilities and fund equity $38060,760 $13,79495 $2399,91 $369060 $19,671 $54,642,997 $37446,460 75 76 City of Cape Girardeau, Missouri ENTERPRISE FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES AND ❑-IAN(ES IN RETAINED EARNINGS FOR THE FISCAL YEAR ENOED JUKE W. 1995 SOLID GOLF SOFTBALL TOTALS SEWER WATER WASTE COURSE COMPLEX 19941-1995 OPERATING REVENUES Residental charges $1,409,615 $2,116,181 $1,526,381 S- E- $5.052,177 Commercial charges 915,795 $1,410,563 442,450 - - 2)68,808 Tmnalerab5oncherges - - 823,819 - - 823,819 Equipment sale. - - - 7,1% - 7,196 Conceal revenues - - - 6,1,159 - 64,159 Golf ewrse fees - - - 343,206 - 343,206 Softball complex fees - - - - 20,660 20,660 Other fees and charges 41,216 181,101 47,073 - - 269,390 Other mi.ceYsneous %,852 8,117 19,403 601 93 85,066 TOTAL OPERATING REVENUES 2,423,479 3,715,962 2859,125 415,162 20,753 9,434,479 OPERATING EXPENSES Personnel service. 674,297 63,082 879,941 1se sin 53,518 1,867,326 Matend.endsupplies 65,708 75,919 48,837 48,944 4,531 241,939 Contremal service. 210,422 2,426,826 99],21] 0,969 633 3,663,067 Genal cpezffip alpenses 3$912 210,910 36,548 49,D76 303 335,749 Swclal=ijects expense 20,833 26,876 (1,162628) 4,821 2,202 (1,108,896) Memal service expanses 90,736 25,612 216,899 39,867 337 3]2471 Depreciation expense 708,679 325,323 229,932 42,291 - 1,306,225 r TOTAL OPERATING EXPENSES La:xf587 3,1541548 1,243,747 409,479 61,523 6,678,864 OPERATING INCOME (LOSS) 613,892 561,414 1,615,378 5,682 (401770) 2,755,595 NON-OPERATING REVENUE (EXPENSES) Imerestlnmme 310,638 176,499 40,772 1,950 - 528,859 Federal gams 14,316 - 2,123 - - 18,439 Sale of Pomd assets - - 40.819 1,590 - 42,,109 Compensation fordamages - 41,050 - - - 4.050 Gain on sale of sew rides 3,806 1,073 - - - 4,879 Isauancewatemortization (38,08) (13,816) (6,815) - - (581909) Mmst and handling costs (503,452) (789,392) (114,879) )23,290) (906) (1,431,921) TOTAL NON-OPERATING REVENUE (EXPENSES) (212,971) (621,587) (32980) (19,750) (906) (8931195) INCOME (LOSS) BEFORE OPERATING TRANSFERS 400.921 (60,172) 1,577,398 (14,068) (41,678) 1,862,401 Operating transfa-s in - 55,000 - 55,000 w NEF INCOME (LOSS) 400,921 (60,172) 1,577,398 40,932 (41,678) 1,917,401 RETAINED EARNINGS (DEFICIT), JULY 1 79,427 S%769 (2,831,069) (95,315) (2,T78,188) RETAINED EARNINGS (OEFICM. JUNE 30 $460348 $8597 151253671) 1554.3831 ($41678) IS860 ]BT 76 C'ry Or Cepa Girvdema, Yinwri ENTERPRISE FUNDS COMBINING STATEMENT OF CASH FLOWS FOR THE FISCAL YEAH ENDED ANE W. 1986 77 soup GOLF SGFTHALL TOTALS _ SEWER WATER WASTE COURSEol` 1 FY 1991-1995 CASH FLOWS FROM OPERATING ACTIVITIES: Opemtlng Income il.u) 5813,892 5581,411 $1.615.318 55.682 ($40.770) S275,596 "i.ants b ra 4, aperefin9 irs: onem fief man promed Dy opeebng ac "les: Daprcelbn ]00.6]9 325,323 29.932 42291 -1,306225 Oesb ppNetlng pants leceNed 14.316 - 2,123 - - 16,139 (Ian, in..sell mM Ihbilibas ommase) dowasse In e000uM5 mceNeble (54.635) (6.410) 06258) (5S5) - (13],8]1) Qncrcea) dcwea in inWntwy - (2.806) - 2.898 - 12 Ocnaae) tlecrmae h P,,Ud Items (282,705) (1,056) (35,054) )91) - (318,907) lmr se (decrease) In accouae payable 250,023 81,110 (322.812) 4.009 3,500 23,940 Ira—(dcreeee) in ecausd liebilific 788,813 71210 16.666 (45,094) 57.811 887,436 tncrmae (decr®aal in land6l p ,Jnaurecere cos¢ - (1219.977) - - (1216.97) ONa (29229) 5.565 (6.058) 1,FB0 (28.10 NET CASH PROVIDED BY OPERATING ACTIVITIES 2015.10) 1,034321 201.940 10.800 20.579 3205.792 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: Opaafin9 aNafaa in from absr funds 55.000 55.000 NET CASH PROVIDED BY NONCAPITAL FINANCING 55'00 55.000 ACTIVQIES CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTWITIES: Proccds tam doWtopere MLIP 0 _ _ _ _ 203,5(0 Proceeds tan SRF ba mus 11,462,681 - - - - 11.462.661 P.eads tan COP bond as. 2230,868 501,301 807,142 - - 3,599,312 Primgml paid on revenue boodle (140.000) (115'") (13.026) - - (260.828) Pd.01 paid on lease pambue bands (348,054) - (116.561) - (161,815) InWem paid on bonds and ablge8orm (131.59) (]]3.424) (101.961) (23290) (908) (1,511,114) Frocadda W. m mMS pema lacaaad ham oM n ponann at' 1463 ]] MIMI 1.3 " - - 366,5 r� PNCAMa d fixed assets (2019.900) (1.091.851) (219,030) (34.065) (19,871) (4222325) Proceeds ar sale of fixed esa9b 69.974 69,974 NET CASH USED IN CAPI TAL AND RELATED FINANCING ACTWRIES 10.303.962 (12111,110) 3922335( 7.355) 0,579 9.057.151 CASH FLOWS FROM INVESTING ACTIVITIES: Pvcllee. ar lone sna.m (2.M234) (292208) (".500) - - (2.394.942) Pra:cde tan sele a trvestnents 491.]]9 304,718 - - - 802,497 IN>es[ on lnmstm arts 296.016 1],508 36,703 1,951 - 513250 NET CASH USED IN INVESTING ACTIVITIES (1226.19) 191.093 (43.797) 1,951 (1,GI9,15/1 INCREASE IN CASH AND CASH EQUIVALENTS 11,09QS13 (35,689) 59378 10396 11.610.]56 w CASH AND CASH EQUIVALENTS, JULY 1 2.185,4BS 1.460.631 202.167 21.504 4,192,8Zf CASH AND CASH EQUIVALENTS, JUNE 30 $13.576.168 $1,444.918 5]55.563 534.9" S- $15.811,579 N NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES: CalHbufiaa rtPowd assets 5282,758 5219,419 5182.177 77 78 CRY of cape Girardeau, Missouri ,+ SEWER FUND SCHEDULE OF REVENUES AND EXPENSES- BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE + BUDGET ACTUAL (UNFAVORABLE) OPERATING REVENUES + Residential chargee 51,365,000 51,409,615 $44,615 Commercial charges 850,000 915,795 65,795 Oth.rfees and charges 25,000 41,216 16,216 ONer miscellaneous 5,000 56,852 51,852 TOTAL OPERATING REVENUES 2,245,000 2,423,479 178,479 OPERATING EXPENSES + Personnel services 691,006 674,297 16,709 Materials and supplies 95,179 65,708 29,471 ContracMal services 2 ,982 216,554 2.428 General operating expenses 27,776 38,912 (11,136) Special projects expanse 92,150 22,624 69,526 Intemal service expense 89,839 90,736 (897) Depreciation expense 703,920 708,679 (4,759) TOTAL OPERATING EXPENSES 1,920,851 1,819,510 101,342 + OPERATING INCOME (LOSS) 324,149 603,969 279,821 NON-OPERATING REVENUE (EXPENSES) _ Interemincoma 103,W0 310,638 207,638 Federal grant. - 14,316 14,316 Gain on We of eacuntiee - 3,608 3,806 Issuance cost emorEzeGon (33,075) (38,278) (5,203) + Intered and handing coats (394,225) (503,452) (109,227) TOTAL NON-OPERATING REVENUE (EXPENSES) (324,300) (212,971) 111,329 NET INCOME (LOSS) ($151) $390,998 $391 150 78 City of Cep. Girardeau, Missouri WATER FUND SCHEDULE OF REVENUES AND EXPENSES— BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 79 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) OPERATING REVENUES Residential charges 82,258,250 $2,116,181 ($142,069) Commercial charges 1,442,000 1,410,563 (31,437) Otl., tae. and charges 132,000 181,101 49,101 Olhor miscellaneous 4,000 8,117 4,117 TOTAL OPERATING REVENUES 3,836,250 3,715,962 (120,288) .� OPERATING EXPENSES Personnel service. 64,888 63,082 1,806 Mderielsand supplies 56,560 75,919 (19,359) COMracWal services 2.399,923 2,427,392 (27,469) .. General operating expenses 230,603 210,910 19,693 Special project. esp... — 7,576 (7,576) Intemal service expense 21,919 25,612 (3,693) Depreciation expense 329,000 325,323 3,677 TOTAL OPERATING EXPENSES 3,102,893 3,135,814 (32,922) OPERATING INCOME (LOSS) 733,357 580,149 (153,210) NON—OPERATING REVENUE (EXPENSES) Intrest income 87,000 176,499 89,499 Compensation for damages — 4,050 4,050 Geis on We of secudtiee — 1,073 1,073 Issuance cod amortization (12,000) (13,816) (1,816) Interest and handing code (766,400) (769,392) (22,992) TOTAL NON—OPERATING REVENUE (EXPENSES) (691,400) (621,587) 69,813 r NET INCOME (LOSS) $41957 ($41438) (5833971 79 as City of Cape Girardeau, Missouri SOLID WASTE FUND SCHEDULE OF REVENUES AND EXPENSES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) a. OPERATING REVENUES Residential charges $1,45@,000 $1,526,361 $70,381 Commercial charges 470,000 442,450 (27,550) Transfer station charges 500,250 823,819 323,569 se Other fees and charges 35,000 47,073 12,073 Other miscellaneous 2,000 19,403 17,403 TOTAL OPERATING REVENUES 2,463.250 2.859,125 395,875 OPERATING EXPENSES Personnel services 930,063 879,941 50,122 Materials and v ppliee 55,970 47,099 8,871 Centr.CWW servloee 964,169 999,481 (15,312) General operating expenses 20,645 36,548 (15,903) Special projects expense - (1,163,628) 1,163,626 Internal servke expense 266,282 216,899 49,383 se Depreciation expense 242,895 229,932 12,963 TOTAL OPERATING EXPENSES 2,500,024 1,246,273 1,253,751 OPERATING INCOME (LOSS) (36,774) 1,612,653 1,649,626 NON-OPERATING REVENUE (EXPENSES) Intenset income 12,000 40,772 28,772 Federal Brenta - 2,123 2,123 r Sale of fixed asset. - 40,819 40,819 Issuance cod amortization (3,855) (6,815) (2,960) Interest and handing costs (116,850) (114,879) 1,971 i TOTAL NON-OPERATING REVENUE (EXPENSES) (108,705) (37,980) 70,725 NET INCOME (LOSS) ($145,479) $1,574,873 $172,351 se 80 81 CRY of Cap* Girardeau, Missouri .� GOLF COURSE FUND SCHEDULE OF REVENUES AND EXPENSES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) OPERATING REVENUES Equipment sees $10,000 $7,196 (82,804) Canceedon monuoa 58,000 84,159 6,159 G.X.ree("a 315,000 343,208 26,208 Me, miacellenoeua $50 601 251 TOTAL OPERATING REVENUES 383,35tl 415162 31,511 OPERATING EXPENSES ,e Penannal servicoa 200,384 196,491 3,893 Maadd.and applies 5$848 49,013 9,835 Contractual service. 27,342 24,604 2,738 Generol operating expenses 48,758 49,076 (318) r Specie project. expense 5,000 4,821 179 Imemol".is. expense 38,457 39,887 (1,430) Deprecation expense 40.585 42,291 (1,706) TOTAL OPERATING EXPENSES 419,374 ags, 183 13,191 r OPERATING INCOME (LASS) _ 36,024 8,978 45,001 NON-OPERATING REVENUE (EXPENSES) ss Interestincome 300 1,950 1,650 Sdooffixed assets - 1,590 1,590 Interest end handing coat. (17,500) (23290) (5740) TOTAL NON-OPERATING REVENUE (EXPENSES) (17,2 (19,750) (2,5500 INCOME (LOSS) BEFORE OPERATING TRANSFERS (53,224) (10,772) 42,452 se Oparating tmnsters in 55,000 55,000 NET INCOME (LOSS) $1,778 $44.278 $42452 81 82 CRY of Cape Girardeau, Missouri SOFTBALL COMPLEX FUND SCHEDULE OF REVENUES AND EXPENSES— BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) OPERATING REVENUES Equipment edea $5,000 Conceealonn.v.nuee SQ000 — (5.000) Softball complex lees 63,000 20,660 (42,340) Otner miscellaneous 93 93 TOTAL OPERATING REVENUES 118,000 20,753 191,2411 OPERATING EXPENSES Personnel aeMces 90,265 53,518 36,]4] Mdendeand supplies 15,786 5,250 10,536 Contraftal earn... 30,056 633 29,426 Generd o pending expenses 44,339 303 44,036 Special project. esp.. 15,250 2,256 12,994 Intemal service expense — 331 (337) Deprecietlon expense 2,280 — 2,280 TOTAL OPERATING EXPENSES 191,918 62,296 135,663 OPERATING INCOME (LOSS) (19,918) 141,543) 38,435 N::ri—::PEF:ATIN� do %c:4Uc iE.`:FE.'S�.J Interest and handing coats — (908) (908) TOTAL NON—OPERATING REVENUE (EXPENSES) — (908) (908) as NET INCOME (LOSS) ($19,918) ($42,450) 531,528 82 as City of Cape Glrerdenu, Missouri INTERNAL SERVICE FUNDS r COMBINING BALANCE SHEET Jura 30, 1995 (With Comparative Totals for Jura 30, 1994) Employees' Data Fleet Fridge Mal, Tolsls Processing Management Ben.1t Management 5-30-95 5-30-94 as ASSETS Cash and cash equivalents $261,139 $3,601 $899,310 $387,175 $1,551,225 $446,696 Inve9ments - 100,000 250,000 280,088 630,088 1,228,231 as Interest receivable - 1,981 4,953 3.607 10,541 14,662 an., ra.&H blea - 10,132 64,315 12,840 $7,287 17,890 InveRoriea - 8,416 - - 8,416 7,921 Prepaid Items 23,723 1,266 5,000 61,287 91,276 123050 r 284,862 125,396 1,223,578 744,997 2,378,833 1,638,456 Propety, plant and equipment Len - 37,500 - - 37,500 37,500 as Buildings - 416,109 - - 416,109 363214 Improvements other buildings - 27,206 - - 27,206 26,851 Equipment 833177 201,033 - - 1,034,210 95],854 Construction In progress 22.3]] 22,377 _ 833177 704,225 - - 1,53],402 1,385,419 Less accumulated depreciation 499,099 292.368 - - ]91,46] 65],641 as 334,078 411,857 745,935 79,718 as Total waste $818940 $53],253 $1,223,5]8 $]44,997 $3,124,768 $2566,234 LIABILITIES AND FUND EQUITY Accounts payable $7,528 $46,466 $188,719 $221,732 $464,445 $368053 as Accrued liabilities Seleriea,payroll texas entl benefits 2,813 22,925 - - 25,798 25,945 Olherlabiitiee 44 H 42 Total llehlll8es 10,401 6as 9,435 186,719 221,]32 490,28] 386,040 Retained earnings Unreserved 608,539 467,818 1,034,859 523,265 2,634,481 2,180,194 as ToW fund equity 608,539 461,818 1,034,!159 523265 2,634,481 2,180,194 Total liabilities nd fund equity $618940 $53].253 $1.223,578 $744.997 $3,124.768 $2.566234 as as a City of Cape Girardeau, Missouri INTERNAL SERVICE FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS FOR THE FISCAL YEAR ENDED JUNE 30, 1995 EMPLOYEES' DATA FLEET FRINGE RISK TOTALS ea PROCESSING MANAGEMENT BENEFIT MANAGEMENT 1941-1995 OPERATING REVENUES Interdepartmental services $224,850 $80Q324 $1,028,021 $611,937 $2,673,132 Othermiscellaneoua 63 - 91,681 91,743 TOTAL OPERATING REVENUES 224,850 808,387 1,028,021 703,618 2764,876 OPERATING EXPENSES Personnel services 51,916 375,564 - - 49,480 Materials and$uPPlfes 3,036 268,241 - - 271,97 Cortractual services 70,964 140,565 928,506 43],]52 1,5/7,787 General opemfing ezpensea 3,972 4,119 - - 8,M Internal ssMce exPensss - 3,024 - - 3,024 Depreciation expense 107,112 27,730 TOTAL OPERATING EXPENSES 23],000 819,244 928,506 43],752 2,422,501 OPERATING INCOME (LOSS) (12,150) (10,857) 99,516 285,866 342,3]5 NON-OPERATING REVENUES (EXPENSES) Interest income 12,150 7,685 62,474 23568 105,866 Solea of fixed as Me - 135 - - 135 Compenssfion for damage$ - 1,255 - - 1,255 Gain an sale of secarmes - - 4,879 - 4,819 Interest and handling costa - (4) - (2221 (225) TOTAL NON-OPERATING REVENUES (EXPENSES) 12,150 9,072 67,353 23,337 111,912 r NET INCOME (LOSS) - (1)85) 166,869 289,203 451,287 RETAINED EARNINGS (DEFICIT). JULY 1 6[.539 469,603 867,990 234,062 2.180,194 RETAINED EARNINGS (DEFICIT), ss ANE 30 MD8,539 $467818 $1.034,&59 $523265 $2634.481 85 Cay of Cape Girardeau, Missouri INTERNAL SERVICE FUNDS COMBINING STATEMENT OF CASH FLOWS FOR THE FISCAL YEAR ENDED JUNE 30, 1995 r EMPLOYEES' DATA FLEET FRINGE RISK TOTALS PROCESSING MANAGEMENT fj)=NEFI MANAGEMENT 1994-1995 CASH FLOWS FROM OPERATING ACTIVITIES: Operat"income(bea) ($12,150) ($10,857) $99,516 5265.866 $U2375 Adjustments la reconcile operating Income to Ma net cash provided by Operating acts ies: DeWac:mn 107,112 2],]31 - - 134,643 Change In assets and been ilum, (Increase) decrease in accounts receivable - 7,621 (5,029) (14,868) (65,276) y (Increase) dearest se in 1wentory - (495) - - (495) (Increase) decresn in prepaid Hems 30.979 (371) (5,000) 6.166 31,]]4 incrrn(deorease) In accounts payable (5.261) (4,396) 42.932 ]1.11] 104,392 IOcreese (decease) in accrued (bil9ies (1,769) 1,644 - _ (145) Other 712 1,390 (103) (39) 11960 ` N ET C ASH P NOVI D E D BY O PERATIN G ACTIV ITIES 119,603 2,267 79,316 328,242 549.428 CASH FLOW S FROM CAPITAL AND RELATED FINANCING r ACTIVITIES: Intaeq paid on bonds and l.ml.— - )4) - (222) (225) Purchase d fixed eaaele 30,593 (123.117) (153.710) NET CASH USED IN CAPITAL AND RELATED FINANCING ACTIVITIES 30.593 (123,121) - (222) (153,9367 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of imestmenb - - - (99,206) (9).2(XI) r Proceeds from ale of investments 99,000 - 504,375 99,000 702.375 Inters[ n imas intme 12.150 7,685 62,474 23,559 105,868 NET CASH USED IN INVESTING ACTIVITIES 111.150 7.685 506,849 23,353 ]09,0.3] e� INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 20,160 (W,169) 646,165 351,373 1,104,529 CASH AND CASH EQUIVALENTS, JULY 1 60,979 96,]]0 253,145 35,802 446.6% se CASH AND CASH EQUIVALENTS, JUNE 30 $261,139 $3601 5899310 $387175 51551225 85 City of Cape Girardeau, Missouri DATA PROCESSING FUND SCHEDULE OF REVENUES AND EXPENSES— BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 86 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) OPERATING REVENUES Inlerdepadmentel services $266,400 $224,850 ($41,550) TOTAL OPERATING REVENUES 266,400 224,850 (41,550) OPERATING EXPENSES Personnel services 51,269 51,916 (646) Mstedalsend supplies 3,636 3,0% 540 Contractual eemces 97,025 71,264 25,761 General operating expenses 800 3,972 (3,172) Depreciation expense 115,000 107,112 7,888 i TOTAL OPERATING EXPENSES 26],]30 237,359 30,371 OPERATING INCOME (LOSS) (1,330) (12,510) (11,179) NON—OPERATING REVENUE (EXPENSES) Interest income 1,000 12,150 11,150 r TOTAL NON—OPERATING REVENUE (EXPENSES) 1.000 12.150 11,150 NET INCOME (LOSS) ($330) IS3601 (530) 86 as City of Cape Girardeau, Missouri FLEET MANAGEMENT FUND SCHEDULE OF REVENUES AND EXPENSES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 3Q 1995 87 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) OPERATING REVENUES Into departmenW serdcea $834,180 $808,324 ($25,8%) Other miscellaneous 63 63 ea TOTAL OPERATING REVENUES 834,160 808,387 (25.793) OPERATING EXPENSES Personnel services 381,997 375,564 6,433 Mate lalsand applies 239,749 267,309 (27,560) Contntmuel aaMo.. 170,816 140,565 3,251 General operating expenses 1,010 4,119 (3,109) Internal service expense 2,524 3,024 (50)) Depreciation expense 36,500 27,730 8,770 TOTAL OPERATING EXPENSES 832,597 818,311 14,266 OPERATING INCOME (LOSS) 1,583 (9,924) (11,508) r NON-OPERATING REVENUE (EXPENSES) Interest income 1,000 7,685 6,685 Sale of fixed assets - 135 135 as Compensation for damages - 1,255 1,255 Interest and handing costa - (4) (4) TOTAL NON-OPERATING REVENUE (EXPENSES) 1,000 9,072 8,072 _ NET INCOME (LOSS) $2.583 ($853) ($3,436) 87 City of Cape Girardeau, Missouri EMPLOYEES' FRINGE BENEFIT FUND SCHEDULE OF REVENUES AND EXPENSES— BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE W. 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) r OPERATING REVENUES Into rdepertmental saMoes $1,206,606 31,028,021 ($178,585) TOTAL OPERATING REVENUES 1,206,606 1,028,021 (178,585) + OPERATING EXPENSES Contractual services 1,096,500 928,506 167,994 TOTAL OPERATING EXPENSES 11096,500 928,506 167,994 OPERATING INCOME (LOSS) 110,106 99,516 (10,590) NON—OPERATING REVENUE (EXPENSES) Interestincome — 62,474 62,474 Gain on sale of securities — 4,879 4,879 Interest and handling costa 110,000) — 10,000 TOTAL NON—OPERATING REVENUE (EXPENSES) (10,000) 67,353 77,353 NET INCOME (LOSS) 5100,106 5166.869 566763 +� CRY of Cape Girardeau, Wasson RISK MANAGEMENT FUND SCHEDULE OF REVENUES AND EXPENSES— BUDGET AND ACTUAL (BUDGET BASIS) w FOR THE FISCAL YEAR ENDED JUNE 3Q 1995 VARIANCE FAVORABLE BUDGET ACTUAL �U,NFAVORABLEI OPERATING REVENUES Intardepadmantal "Mass $694,S82 $611,937 $16,956 Other miuNlanaoue 91 681 91,681 ea TOTAL OPERATING REVENUES 594,982 703,618 108,636 OPERATING EXPENSES ContracWd$am..$ 495,000 437752 571246 TOTAL OPERATING EXPENSES 495,000 437152 57,248 OPERATING INCOME (LOSS) 99,982 265.866 165,884 NON—OPERATING REVENUE (EXPENSES) Interest income 10,000 23,558 13,558 Interest and handling coals (222) (222) w TOTAL NON—OPERATING REVENUE (EXPENSES) 10,00023.337 13,337 NET INCOME (LOSS) E109_ 99v $289.203 $179.221 w 69 I City of Capes Girardeau, Mu.0ud AGENCYFUNDS COMBINING BALANCE SHEET June 30, 1995 nth Comparative Totals for June 30, 1994) + Pouk Arana Def.,had Development Total. Library Improvement Compensation Foundation 6-30-95 6-30-94 + ASSETS Cash and cash ectwalents $323,485 $6.829 S- $32,122 5422,436 $14,150 Ica sane Me - - 1,215,923 - 1,215,923 1,097,947 + R..iv blas, net of allowances for doubtful receivablas Red seats tax 16,828 - - - 16,828 19)68 Personal property tea 2,576 - - - 2,576 2,353 Other retable. 753 - - - 753 159 Interest recettable 1.552 Total assets $343,642 $66,629 51215.923 m, 122 $1.M8,516 $1261929 LIABILITIES + Accounts payable $7,892 $59 4- $62 $8,033 $18,557 Accrued liabilities Salad., payroll teaes end benefits 11,408 - - - 11,408 7,250 + Other 6.1,1114es 249,342 66,770 - 32,040 34.152 26,071 Advance trom other fund. 75,000 - - - 75p00 75," Defened compensation due empbyees - - 1,215,923 - 1,215,923 901,051 + Total liabilities $343,642 $6.829 $1215,923 smp1P2 $1,658,516 $1261,929 I 91 City of Cape Girardeau, Missouri LIBRARY AGENCY FUND STATEMENT OF CHANGES IN ASSETS AND LIABILITIES FOR THE FISCAL YEAR ENDED JUNE 30, 1995 Balance Balance r July 1, 1994 Additions Deletions June 30, 1995 ASSETS Cash and cash equivalents $90,258 $740,377 $507,150 $323,485 Investments 196,896 - 196,896 - Receivables, net of allowances for doubtful receivables Real estate tax 19,768 321,508 324,448 16,828 r Personal property tax 2,353 85,771 85,548 2,576 Other receivables 159 8,849 8,255 753 Interest receivable 1,552 1,552 r Total assets $310,986 $1,156,505 $1,123849 $343,642 LIABILITIES w Accounts payable $15,343 $203,955 $211,406 $7,892 Accrued liabllities Salaries, payroll taxes and benefits 7,250 188,894 184,736 11,408 Other liabilities 213,393 314,986 279,037 249,342 Advancefrom otherfunds 75,000 75,000 Total liabilities $310.986 $707835 $675179 $343642 91 .. City of Cape Girardeau, Missouri ARENA IMPROVEMENT AGENCY FUND STATEMENT OF CHANGES IN ASSETS AND LIABILITIES FOR THE FISCAL YEAR ENDED JUNE 30, 1995 Balance Balance July 1 1994 Additions Deletions June 30, 1995 _ ASSETS Cash and cash equivalents $49,739 $27,370 $10,280 $66,829 Total assets $49,739 $27 370 $10.280 $66 829 LIABILITIES Accounts payable $3,114 $7,008 $10,063 $59 Other liabilities 46,625 20,360 215 66,770 Total liabilities $49,739 $27,368 $10,278 $66,829 92 93 City of Cape Girardeau, Missouri DEFERRED COMPENSATION AGENCY FUND STATEMENT OF CHANGES IN ASSETS AND LIABILITIES FOR THE FISCAL YEAR ENDED JUNE 30, 1995 Balance Balance July 1. 1994 Additions Deletions June 30, 1995 ASSETS Investments $901,051 $314,872 $— $1,215,923 Total assets $901,051 $314.872 $— $1,215,923 + LIABILITIES Deferred compensation due empoyeas $901,051 $314,872 $— $1,215,923 Total liabilities $901051 $314,872 $— $1,215,923 93 r City of Cape Girardeau, Missouri PARK DEVELOPMENT FOUNDATION AGENCY FUND STATEMENT OF CHANGES IN ASSETS AND LIABILITIES FOR THE FISCAL YEAR ENDED JUNE 30, 1995 Balance Balance July 1. 1994 Additions Deletions June 30, 1995 r ASSETS Cash and cash equivalents $153 $39,949 $7,980 $32,122 Total assets $153 __13.9 9_49 $7,980$32,122 LIABILITIES Accounts payable $100 $5,227 $5,245 $82 Other liabilities 53 38,122 6,135 32,040 Total liabilities $153 $43,349 $11,380 $32,122 94 Cay of Cape Girardeau, Missouri SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE June 30,1995 GENERAL FIXED ASSETS Land Buildings Improvements other than buildings Machinery and equipment Contruction in progress TOTAL GENERAL FIXED ASSETS INVESTMENT IN GENERAL FIXED ASSETS BY SOURCE General fund Special revenue funds Capital projects funds TOTAL INVESTMENT IN GENERAL FIXED ASSETS 95 $2,073,938 4,037,365 2,198,958 1,275,596 1,053,494 $10639,351 $4,190,161 2,815,881 3,633,309 $10,639,351 as r City of Cape Girardeau, Missouri SCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY June 30, 1995 as Improvements Machinery Construction Other Than and in Function and Activity Land Buildings Building. Equipment Prow. Total r ADMINISTRATIVE SERVICES City manager $200,000 $131,024 $- $1,993 $- $333,017 Int.Meperlmentel 67,340 - - 3,191 - 70,531 Finance - - - 399 - 399 Airport 354,649 224,739 1,498,963 25,096 - 2,103,447 TOTAL ADMINISTRATIVE SERVICES 621,989 355,763 1,498,963 30,679 2,507,394 as DEVELOPMENT SERVICES Planning services - - - 9,023 - 9,023 Inspection services - - - 2,300 - 2,300 Engineering services - - - 19,566 - 19,566 r TOTAL DEVELOPMENT SERVICES 30,889 30,889 PARKS AND RECREATION 's Perk maintenance 655,238 246,535 2,617 99,333 - 1,203,723 Recreation - - - 841 - 841 Cemetery 4,120 - - 13,635 - 17,755 Central pool - 680,611 - 5,937 - 686,548 as Cal pool - - - 108 - 108 TOTAL PARKS AND RECREATION 859,358 927,146 24617 119,854 - 1,908,975 as PUBLIC SAFETY Municipal court - - - 712 - 712 Health - - - 14,938 - 14,938 Police 17,500 287,476 - 149,473 - 454,449 Fre 210,950 941,185 - 485,601 - 1,637,736 as TOTAL PUBLIC SAFETY 228,450 1,228,661 650,724 - 2,107,835 PUBLIC WORKS as Street - - - 363,024 - 363,024 Stormweter T7924 7],924 as TOTAL PUBLIC WORKS 440,948 440,948 CAPITAL OUTLAY General capital improvements 10,000 1,511,135 615,436 2,501 1,053,494 3,192,566 as Park Improvements 354,141 14,660 81,942 - - 450,743 TOTAL CAPITAL OUTLAY 364,141 1,525,795 697,378 2,531 1,053,494 3,643,309 as TOTAL GENERAL FIXED ASSETS $2073938 $4037365 $2196958 $12]5,596 $1,053,494 $10639351 96 r City of Cape Grard.w. Missovl SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY FOR THE FISCAL YEAR ENDED JUNE W. 1885 r General Fixed General Fixed Assets Depreclatlon Assets r Function and Activity June 30, 1994 Ad6tions Deductions ExPense June 30. 1995 ADMINISTRATIVE SERVICES City manager $343,274 $- $- $10,25! 5333,017 r Inbrdepadmemal 70,934 - - 403 70,531 Finance 505 - - 108 399 Airpod 2,226,237 7,945 - 130,735 2,103,447 TOTAL ADMINISTRATIVE SERVICES 2,640,950 7,945 141,501 2,507,394 r DEVELOPMENT SERVICES Planning seMws 9,300 1,500 - 1,777 9,023 Inspectionser4ces 3,682 - - 1,382 2,300 r Engineering sevlcas 24,373 - 7,250 (2,443) 19,566 TOTAL DEVELOPMENT SERVICES 37,355 1,5011 7,250 716 30,889 r PARKS AND RECREATION Park maintenance 1,233,362 30,899 16,474 44,064 1,203,723 Recreation 1,(80 - - 339 841 Cemetery 20,597 1,008 - 3,650 17,755 Centel pool 715,527 - - 28,979 686,548 Capana pcot 363 - - 255 108 TOTAL PARKS AND RECREATION 1,971,029 31,907 16,474 77,487 1,908,975 r PUBLIC SAFETY Municipal court 647 - - 135 712 Health 3,435 13,462 - 1,979 14,936 Polls 487,658 70,080 7265] 30,682 454,449 Fire 1,730,212 2],336 - 119,812 1,637,736 r TOTAL PUBLIC SAFETY 2,222,152 110,898 ]2,65] 152,558 2,107,835 PUBLIC WORKS Start 188,604 230,557 59,785 (3,646) 363,024 Stonnweter 68,437 29,515 31,695 11,1367 77,924 r TOTAL PUBLIC WORKS 25/,041 260,0]2 91,480 15,315 4401946 CAPITAL OUTLAY General..piled inprwemenls 2,880,719 966,251 580,852 73,552 3,192,566 Park lmpramnmmts 442,504 14,892 - 6,653 450,743 r TOTAL CAPITAL OUTLAY 3,323,223 961,143 580,852 So= 3,843,309 TOTAL GENERAL FD(EO ASSETS $10,,181,750 $1.393465 $768713 $437151 $10639 351 97 City of Cape Girardeau, Missouri SCHEDULE OF CHANGES IN LONG—TERM DEBT FOR THE FISCAL YEAR ENDED JUNE 30, 1995 r General General Long—term Long—term Debt Debt r, July 1. 1994 Additions Retirements June 30, 1995 GENERAL LONG—TERM DEBT Leasehold revenue bonds payable $13,404,198 $— $1,581,559 $11,822,639 Certificates of participation payable 3,545,000 — 85,000 3,460,000 General obligation bonds payable 3,715,000 — 3,715,000 — General obligation refunding bonds payable 7,270,000 — 3,580,000 3,690,000 Accrued benefits 491,531 50,818 — 542,349 Due to other governments—State energy loan 93,658 11,817 81,841 TOTAL GENERAL LONG—TERM DEBT $28,519,387$50,818 $8.973376 $19596829 98 i City of Cape Girardeau, Missouri STATEMENT OF GENERAL LONG—TERM DEBT JUNE 30, 1995 99 AMOUNT AVAILABLE AND TO BE PROVIDED FOR THE PAYMENT OF GENERAL LONG—TERM DEBT LEASEHOLD REVENUE BONDS Am0unt available In debt service fund $1,941,097 Amount to be provided 9,881,542 $11,822,639 CERTIFICATES OF PARTICIPATION Amount available in debt service fund 424,212 Amount to be provided 3,035,788 3,460,000 GENERAL OBLIGATION REFUNDING BONDS _ Amount available in debt service fund 542,572 Amount to be provided 3,147,428 3,690,000 ACCRUED BENEFITS Amount available in debt service fund — Arrount to be provided 542,349 542,349 DUE TO OTHER GOVERNMENTS—STATE ENERGY LOAN Amount available In debt service fund — Amount to be provided 81,841 81,841 TOTAL AMOUNT AVAILABLE AND TO BE PROVIDED $19.596829 GENERAL LONG—TERM DEBT PAYABLE Leasehold revenue bonds payable $11,822,639 Cartiricates of participation payable 3,460,000 General obligation refunding bonds payable 3,690,000 Accrued benefits 542,349 Due to other governments—State energy loan 81,841 TOTAL GENERAL LONG—TERM DEBT PAYABLE $19.596829 99 Begley, Janssen, Young & Birk — CERTIFIED PUBLIC ACCOUNTANTS 2103 THEMIS ST - CAPE GIRARDEAU, MISSOURI 63701 TELEPHONE (314) 334-2845 FAX (314) 334-4338 — PARTNERS JOHN R. JANSSEN, CPA JENNIFER WESTRICH TERRY R. BEGLEY. CPA INDEPENDENT AUDITORS' REPORT ON SCHEDULE OF GRADY s. MARTIN — LAWRENCE E YOUNG, CPA FEDERAL FINANCIAL ASSISTANCE KELVIN W. BIRK, CPA 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, 1995, and have issued our report thereon dated October 20, 1995. These general purpose financial statements are the responsibility of City of Cape Girardeau, Missouri's management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit. we conducted our audit in accordance with generally accepted auditing standards and Government Auditing Standards, issued by the Comptroller General of the United States, and the provisions of Office of Management and Budget 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 the general purpose financial statements are free of material misstatement. An audit 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 conducted 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 presented in all material respects in relation to the general purpose financial statements taken as a whole. BEGLEY, JANSSEN, YOUNG & BIRK g � , y P.� Cap>ardeau, MissouYi October 20, 1995 101 City of Cape 0l ra rd ea p. xi.... ri PiREDULO OF FEDERAL FINANCIAL ASSISTANCE June 30. 1995 Federal C FRA Program Balance Revanue maeu ra ensu ca/ Balance Federal Grantor/Pass Through Grantor/Title Number Amount July 1, 1994 Becogni zed Expenditures June 30. 1995 xaj.I Programs: Department of Defense D.S. Army Corp. of Engineers Plead Control Pro Ject 12.106 f i16,110,114) f S 393,613 $(].103,]2]1 Total U.S. Department of Defense 16,]10,1141 393,613 (7,103472I) Department of Transportation Federal Aviation Administration Airport Improvement Program 3'29'0013'04 20.106 530,95] 1 86, D501 15,646 17,105 ( 0].]091 Air Port Improvement Program 3'29'0013'05 20.106 420,499 60].1091 25,420 14,741 ( 622,4221 Al rpart Improvement Program 3290013-0] 20.106 282,209 ( 20,3781 154.829 26,196 100,255 Airport Fire Protection AIR 935-77A 20.106 210.804 I 1 205.051 227,836 1 22,7011 Total Department of Transportation Ma ]o[ Programs ( ]17,537) 400.956 316.156 1 632,7391 Total Major Programa (7,427,651) 400,956 709,]]1 0,716,4661 Non-MaJor Programa: Department Of Houang aM DPb an Development Passed through Ml .... rl Department o1 .commie Use.f.pm-1 C.—..i[y oe va lopm ant Bloc[ crane N 92 -ND 46 14.219 160, 000 1 ]d 2. J]5) 43,0.11 43,101 O 93'M 49 14.219 120,000 ( 600) 120,000 120.237 0]]1 A3 9J -FN -30 14.219 105,000 1 12,]621 36.]22 39,924 1 15.9641 94'ND-02 14.219 385,523 1 1 le .000 1L 000 94OR-011 14.219 155,000 1 1 ]2.036 12,036 ( 1 Rental Rehab R91-5.'29'0103 14.230 171,070 ( 10,507) 01,941 93,029 1 10,5951 PassedLh rough Missouri Department of Social Services Emergency Shelter Grant 11.231 11,000 ( 1 11,000 11,000 1 1 local Rousing cad urban Development 1 766.2441 381,703 39L327 ( 115.7801 Department of Transportation Federal Art atAdministration Al[ Traffic 9 ,i... - ]40,9]9 - 171.390 171,390 - Paaaprough Misaourl Department of Publ lc Safety cape eirardaan County C—.i, Traffic Sat. Ly Program (PY-94) 20.600 101,135 ( 20,1011 51,002 58.710 ( 2].09]1 Cape Girardeau County COmmuolty Traffic Safety Program (PT'951 20.600 05.150 36.996 1910dfi ( I2. 0501 Team Spirit Con farance 94'YA-03-17 20.601 2.000 - 1,682 1.682 Team Spirit Conference 95'YA'03-17 20.601 30.000 5,510 5.510 - Paesed Through the Missouri Highway and Trauspe rtation Department Off 'System Bridge Replacement Bad Rehat illtation Program Hopper Road Bridge - ProjeIL BRO' BRH-016(1B) 20.205 32.608 1 14,6701 6,224 752 ( 9,2061 Route 74 Utility Relocation Pm je ct JO..11. 20.205 30,039 30,039 30.039 P mjecL 'DO 128 20.205 16,961 - 16.964 31,921 1 14,9601 Public Taxi Coo pun Tr ... porta Lion Pmg[am x0'10'%Old-4C. 20.503 75,001 1 165) 75.B0] 244.388 ( 169,5461 x0'18'%015 -4CC 20509 52,870 881 ( 001) Total U.S. Department of Transportation Nor Ma]or Programs ( 35,0241 395,614 595,130 1 234,5401 1 1 1 f 1 1 1 1 1 1 1 1 1 f 1 f 1 1 1 cf Cape Cl[apd eau, Merrett SIN EDOLB OF FEDERAL FINANCIAL. ASSISTANCE June 30, 1995 Federal CFDA Program Balance Bever— Disbursemen Le/ Balance Federal C o[/Vass-Through Grantor/T)[11 iture., Amount July 1, 1994 Recopnixed Expenditures Jun. 30, 1995 Department .'Mi Ahern an Ml v sogri Department of Education Passed throe gn cape Gi r of da an PUGlic Gcnools Orug Free Sc molls P[og ram 14 .186 6,000 - i,000 14,946 ( 8,9461 Passed through Mi seeuri State Library Baby Nage C ant r tl4 .034A 5. 06tl 5.060 5.061 1 11 Teen Center Grant 04.034A 4, l Bl 4.698 5,123 1 4451 Total Department Of Education 15,138 25,110 1 9,3921 Department of Jus Lice Pasa ed Lh[ough Missou Pl Department of Public Safety ic[i ms e( Came Act IFY'94) 16.505 7.125 1,0681 1,439 1,795 1,4241 V lc tl ms of Crime Ac[ (FY'951 16.575 6.250 3.004 3,941 9391 Intal D.S. Department of Justice ( 1.0681 4,443 5,736 1 2,3611 Department of the Interior Federal emergency Managemen6 Agency Be rgenry Aas Ptance R3.5I6 1 10,1931 44,797 52,702 1810901 Eric imrvnen Lal Protection Agency Passed Through Miesou[1 DaparLment Of Natural Resources G94 250�02 - 33,962 1 1121 2.460 2,460 ( 1721 Total D.S. Department of Interior ( 10,3651 47,257 55,162 1 18,2701 Depar Lment of Commerce Passed through the Economic Development Adminlatraton .f Was teva ter Treatment Plant project 11.307 392,000 49,022 65,362 1 I6, J401 Water Plant YD Project DS 196120) 11.307 )29.]50 - 3,488 4,651 W Sp ei gg St. Elevation -Pero, 0519.63055 11.307 425,750 21042 31.709 1 7.9471 Total Department of Commerce 76,352 1D1,802 1 zs .4 x01 Total Non Ma]D, Programs 812,7011 921,187 1 174r28 11,065,8011 TOTAL FEDERAL FINANCIAL ASSISTANCE 18,240,3521 1,322,143 1,004,OSR 10,8D242671 Begley, Janssen, Young & Birk CERTIFIED PUBLIC ACCOUNTANTS 2103 THEMIS ST - CAPE GIRARDEAU, MISSOURI 63701 TELEPHONE (314) 334-2845 - FAX (314) 3344338 r PARTNERS JOHN R. JANSSEN, CPA JENNIFER WESTRICH TERRY R. BEGLEY CPA GRADY 5. MARTIN LAWRENCE E. YOUNG. CPA KELVIN w. BIRK, CPA INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL STRUCTURE BASED ON AN AUDIT OF GENERAL PURPOSE FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS 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, 1995, and have issued our report thereon dated October 20, 1995. 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. 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. In planning and performing our audit of the general purpose financial statements of the City of Cape Girardeau, Missouri for the year ended June 30, 1995, we obtained an understanding of the internal control structure. With respect to the internal control structure, 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 to determine our auditing procedures for the purpose of expressing our opinion on the general 104 INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL STRUCTURE BASED ON AN AUDIT OF GENERAL PURPOSE FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS - CONTINUED purpose financial statements and not to provide an opinion on the internal control structure. Accordingly, we do not express such an opinion. �- 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 condition in which the design or operation of one or more of the internal control structure elements does not reduce to a relatively low level the risk that errors and irregularities in amounts that would be material in relation to the general purpose 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. However, we noted certain matters involving the internal control structure and its operation that we have reported to the management of the City of Cape Girardeau, Missouri in a separate letter dated October 20, 1995. This report is intended for the information of the City Council and management of the City of Cape Girardeau, Missouri. This restriction is not intended to limit the distribution of this report, which is a matter of public record. BEGLEY, JANSSEN, YO G & BIRK nV�Yny (n1Y � , � � 0 Cape GrYardeau, Missouri October 20, 1995 105 Begley, Janssen, Young & Birk CERTIFIED PUBLIC ACCOUNTANTS - 2103 THEMIS ST - CAPE GIRARDEAU. MISSOURI 63701 - TELEPHONE (314) 334-2845 PAX (314) 3344338 PARTNERS - JOHN R. JANSSEN, CPA JENNIFER WESTRICH TERRY R. BEGLEY, CPA GRADY S MARTIN LAWRENCE E. YOUNG, CPA INDEPENDENT AUDITORS' REPORT ON COMPLIANCE — KELVIN W. BINK, CPA BASED ON AN AUDIT OF GENERAL PURPOSE FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS 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 as of and for the year ended June 30, 1995, and have issued our report thereon dated October 20, 1995. 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. Compliance with laws, regulations, contracts, and grants applicable to the City of Cape Girardeau, Missouri is the responsibility of the City of Cape Girardeau, Missouri's management. As part of obtaining reasonable assurance about whether the general purpose financial statements are free of material misstatement, we performed tests of the City's compliance with certain provisions of laws, regulations, contracts, and grants. However, the objective of our audit of the general purpose financial statements was not to provide an opinion on overall compliance with such provisions. — Accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. This report is intended for the information of the City Council and management of the City of Cape Girardeau, Missouri. This restriction is not intended to limit the distribution of this report, which is a matter of public record. BEGLEY, JANSSEN, YOUNG & BIRK g 0 Cape GYrardeau, Mi sou October 20, 1995 106 Begley, Janssen, Young & Birk CERTIFIED PUBLIC ACCOUNTANTS 2103 THEMIS ST - CAPE GIRARDEAU, MISSOURI 63701 - TELEPHONE (314) 334-2845 - FAX (314) 3344338 PARTNERS JOHN R. JANSSEN, CPA JENNIFER WESTRICH TERRY R. BEGLEY CPA GRADY 5. MARTIN LAWRENCE E. YOUNG, CPA KELVIN W. BIRK, CPA INDEPENDENT AUDITORS' REPORT ON THE INTERNAL CONTROL STRUCTURE USED IN ADMINISTERING FEDERAL FINANCIAL ASSISTANCE PROGRAMS 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, 1995, and have issued our report thereon dated October 20, 1995. we have also audited the City of Cape Girardeau, Missouri's compliance with requirements applicable to major federal financial assistance programs and have issued our report thereon dated October 20, 1995. we conducted our audits in accordance with generally accepted auditing standards; Government Auditing Standards, issued by the Comptroller General of the United States; and Office of Management and Budget (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 the general purpose financial statements are free of material misstatement and about whether the City of Cape Girardeau, Missouri, complied with laws and regulations, noncompliance with which would be material to a major federal financial assistance program. In planning and performing our audits for the year ended June 30, 1995, we considered the City's internal control structure in order to determine our auditing procedures for the purpose of expressing our opinions on the City's general purpose financial statements and on its compliance with requirements applicable to major programs and to report on the internal control structure in accordance with OMB Circular A-128. This report addresses our consideration of internal control structure policies and procedures relevant to compliance with requirements applicable to federal financial assistance programs. We have addressed internal control structure policies and procedures relevant to our audit of the general purpose financial statements in a separate report dated October 20, 1995. The management of City of Cape Girardeau, Missouri, is responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, estimates and judgements by management are required to assess the expected benefits and related costs of internal control structure policies and procedures. The 107 INDEPENDENT AUDITORS' REPORT ON THE INTERNAL CONTROL STRUCTURE USED IN ADMINISTERING FEDERAL FINANCIAL ASSISTANCE PROGRAMS - CONTINUED 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, that transactions are executed in accordance with management's ` authorization and recorded properly to permit the preparation of general purpose financial statements in accordance with generally accepted accounting principles and that federal financial assistance programs are managed in compliance with applicable laws and regulations. Because of inherent limitations in any internal control structure, errors, irregularities, or instances of noncompliance 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. For the purpose of this report, we have classified the significant internal control structure policies and procedures used in administering federal financial assistance programs in the following categories: Accounting Applications Billings Cash receipts .� Purchasing and receiving Accounts payable Cash Disbursements Payroll General Requirements Political activity + Davis -Bacon Act Civil rights Relocation assistance and real property acquisition Federal financial reports Allowable costs/cost principles Drug-free workplace Administrative requirements Specific Requirements Types of services + Matching, level of effort, and earmarking Reporting Special tests and Provisions 108 INDEPENDENT AUDITORS' REPORT ON THE INTERNAL CONTROL STRUCTURE USED IN ADMINISTERING FEDERAL FINANCIAL ASSISTANCE PROGRAMS - CONTINUED Claims for Advances and reimbursements Amounts Claimed or Used for Matching For all of the internal control structure categories listed above, we obtained an understanding of the design of relevant policies and procedures and determined whether they had been placed in operation, and we assessed control risk. During the year ended June 30, 1995, the City of Cape Girardeau, Missouri, expended 53% of its total federal financial assistance under major federal financial assistance programs and the Community Development Block Grant program, a nonmajor federal financial assistance program. We performed tests of controls, as required by OMB Circular A-128, to evaluate the effectiveness of the design and operation of internal control structure policies and procedures that we considered relevant to preventing or detecting material noncompliance with specific requirements, general requirements, and requirements governing claims for advances and reimbursements and amounts claimed or used for matching that are applicable to each of the City's major federal financial assistance programs, which are identified in the accompanying schedule of federal financial assistance, and the aforementioned nonmajor program. Our procedures were less in scope than would be necessary to render an opinion on these internal control structure policies and procedures. Accordingly, we do not express such an opinion. Our consideration of the internal control structure policies and procedures used in administering federal financial assistance would not necessarily disclose all matters in the internal control structure that might constitute material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control structure elements does not reduce to a relatively low level the risk that noncompliance with laws and regulations that would be material to a federal financial assistance program 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. However, we noted certain matters involving the internal control structure and its operation that we have reported to the management of the City of Cape Girardeau, Missouri, in a separate letter dated October 20, 1995. 109 M INDEPENDENT AUDITORS' REPORT ON THE INTERNAL CONTROL STRUCTURE USED IN ADMINISTERING FEDERAL FINANCIAL ASSISTANCE PROGRAMS - CONTINUED This report is intended for the information of the City Council and management of the City of Cape Girardeau, Missouri. This restriction is not intended to limit the distribution of this report, which is a matter of public record. BEGLEY, JANSSEN, YOUNG & BIRK October 20, 1995 110 Begley, Janssen, Young & Birk CERTIFIED PUBLIC ACCOUNTANTS 2103 THEMIS ST - CAPE GIRARDEAU, MISSOURI 63701 - TELEPHONE (314) 334-2845 FAX (314) 334-4338 PARTNERS JOHN R. JANSSEN, CPA JENNIFER WESTRICH TERRY R. BEGLEY, CPAINDEPENDENT AUDITORS' REPORT ON COMPLIANCE GRADY s. MARTIN LAWRENCE E YOUNG. CPA KELVIN W. BIRK. CPA WITH THE GENERAL REQUIREMENTS APPLICABLE TO MAJOR AND NONMAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS r 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 as of and for the year ended June 30, 1995, and have issued our report thereon dated October 20, 1995. -� We have applied procedures to test the City of Cape Girardeau, Missouri's compliance with the following requirements applicable to its federal financial assistance programs, which are identified in the schedule of federal financial assistance, for the year ended June 30, 1995: political activity, Davis -Bacon Act, civil rights, relocation assistance and real property acquisition, federal financial reports, allowable costs/cost principles, Drug -Free Workplace Act and administrative requirements. Our procedures were limited to the applicable procedures described 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, Missouri's compliance with the requirements 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 second 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, Missouri, had not complied, in all material respects, with those requirements. Also, the results of our audit procedures did not disclose any immaterial instances of noncompliance with those requirements. This report is intended for the information of the City Council and management of the City of Cape Girardeau, Missouri. This restriction is not intended to limit the distribution of this report, which is a matter of public record. BEGLEY, JANSSEN, YOUNG & BIRK 13 ,y�IB,- Cape Girardeau, Missouri October 20, 1995 111 Begley, Janssen, Young & Birk + CERTIFIED PUBLIC ACCOUNTANTS 2103 THEMIS ST - CAPE GIRARDEAU, MISSOURI 63701 TELEPHONE (314) 3342845 FAX (314) 3344338 + PARTNERS JOHN R. JANSSEN, CPA JENNIFER WESTRICH TERRY R. BEGLEY CPA GRADY S. MARTIN LAWRENCE AG. CPA KELVIN WBIRIRK.. CPA INDEPENDENT AUDITORS' REPORT ON COMPLIANCE + . WITH SPECIFIC REQUIREMENTS APPLICABLE TO MAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS Honorable Mayor and Members of the City Council + City of Cape Girardeau, Missouri We have audited the general purpose financial statements of the City of Cape Girardeau, Missouri as of and for the year ended June 30, 1995, and have issued our report thereon dated October 20, 1995. We have also audited the City of Cape Girardeau, Missouri's compliance with the requirements governing types of services allowed or unallowed; matching, level of effort, or earmarking; reporting; special tests and provisions; 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, 1995. The management of the City of Cape Girardeau, Missouri, is responsible for the City of Cape Girardeau, Missouri's, compliance with those requirements. Our responsibility is to express an opinion on compliance with those requirements based on our audit. We conducted our audit in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and OMB Circular A-128, "Audits of State and Local Governments". Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether material noncompliance with the requirements referred to above occurred. An audit includes .� examining, on a test basis, evidence about the City of Cape Girardeau, Missouri's compliance with those requirements. We believe that our audit provides a reasonable basis for our opinion. The results of our audit procedures did not disclose any immaterial 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; matching, level of effort, or earmarking; reporting; various special tests and provisions; 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, 1995. 112 INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH SPECIFIC REQUIREMENTS APPLICABLE TO MAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS - CONTINUED This report is intended for the information of the City Council and .. management of the City of Cape Girardeau, Missouri. This restriction is not intended to limit the distribution of this report, which is a matter of public record. BEGLEY, JANSSEN, YOUNG & BIRK _ g Y"Cap ardeau, MissoAi October 20, 1995 113 Begley, Janssen, Young & Birk w CERTIFIED PUBLIC ACCOUNTANTS 2103 THEMIS ST - CAPE GIRARDEAU, MISSOURI 63701 -TELEPHONE (314) 334-2845 FAX (314) 334-4338 PARTNER$ JOHN R. JANSSEN, CPA JENNIFER WESTRICH TERRY R. BEGLEY CPA GRADY S. MARTIN LAWRENCE E. YOUNG. CPA KELVIN W. KIRK, CPA INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH SPECIFIC REQUIREMENTS APPLICABLE TO NONMAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAM TRANSACTIONS 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 as of and for the year ended June 30, 1995, and have issued our report thereon dated October 20, 1995. In connection with our audit of the 1995 general purpose financial statements of the City of Cape Girardeau, Missouri, and with our consideration of the City of Cape Girardeau, Missouri's internal control structure 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, 1995. As required by OMB Circular A-128, we have performed auditing procedures to test compliance with the requirements governing types of services allowed or unallowed; and special tests and provisions 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 of Cape Girardeau, Missouri'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 material 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, Missouri, had not complied, in all material respects, with those requirements. Also, the results of our procedures did not disclose any immaterial instances of noncompliance with those requirements. This report is intended for the information of the City Council and management of the City of Cape Girardeau, Missouri. This restriction is not intended to limit the distribution of this report, which is a matter of public record. BEGLEY, JANSSEN, YOUNG & BIRR Cape Girardeau, Missouri October 20, 1995 114