HomeMy WebLinkAbout1996-1997.AuditReportFINANCIAL STATEMENTS AND
INDEPENDENT AUDITORS' REPORT
CITY OF CAPE GIRARDEAU, MISSOURI
June 30, 1997
M
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
r
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) - All Governmental Fund 'Types
13
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
r
GENERAL FUND
Comparative Balance Sheet
59
`
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
60
r
SPECIAL REVENUE FUNDS
Combining Balance Sheet
61
Combined Statement of Revenues, Expenditures
and Changes in Fund Balance
62
Convention/Visitors Special Revenue Fund -
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
63
CONTENTS - CONTINUED
SPECIAL REVENUE FUNDS - Continued
Airport Special Revenue Fund -
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
64
Downtown Business Special Revenue Fund -
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
65
Parks and Recreation Special Revenue Fund -
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
66
Health Special Revenue Fund -
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
67
Motor Fuel Tax Special Revenue Fund -
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
68
Capital Improvement Sales Tax Special Revenue Fund -
Flood Control Projects
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
69
Capital Improvement Sales Tax Special Revenue Fund -
Water Projects
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
70
Transportation Sales Tax Trust Special Revenue Fund -
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
71
Flood Protection Special Revenue Fund -
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
72
Vision 2000 Special Revenue Fund -
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
73
DEBT SERVICE FUND
Debt Service Fund - Comparative Balance Sheet
74
CONTENTS - CONTINUED
CAPITAL PROJECTS FUND
Combining Balance Sheet
75
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance
76
General Capital Improvement Fund -
+
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
77
+
Corp Flood Control Capital Project Fund -
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
78
Street Improvements Fund -
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
79
FAU Street Grants Fund -
Schedule of Revenues and Expenditures -
+
Budget and Actual (Budget Basis)
80
Community Development Block Grant Fund -
Schedule of Revenues and Expenditures -
+
Budget and Actual (Budget Basis)
81
Park Improvements Fund -
.,
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
82
Water Improvement Projects -
+
Schedule of Revenues and Expenditures -
Budget and Actual (Budget Basis)
83
+
ENTERPRISE FUNDS
Combining Balance Sheet
84
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
85
+
Combining Statement of Cash Plows
86
Sewer Fund
+
Schedule of Revenues and Expenses -
Budget and Actual (Budget Basis)
87
CONTENTS - CONTINUED
Water Fund
Schedule of Revenues and Expenses -
Budget and Actual (Budget Basis)
88
Solid Waste Fund
Schedule of Revenues and Expenses -
Budget and Actual (Budget Basis)
89
Golf Course Fund
Schedule of Revenues and Expenses -
Budget and Actual (Budget Basis)
90
Softball Complex Fund
Schedule of Revenues and Expenses -
Budget and Actual (Budget Basis)
91
INTERNAL SERVICE FUNDS
Combining Balance Sheet
92
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
93
Combining Statement of Cash Flows
94
Data Processing Fund
Schedule of Revenues and Expenses -
Budget and Actual (Budget Basis)
95
Fleet Management Fund
Schedule of Revenues and Expenses -
Budget and Actual (Budget Basis)
96
Employees' Fringe Benefit Fund
Schedule of Revenues and Expenses -
Budget and Actual (Budget Basis)
97
Risk Management Fund
Schedule of Revenues and Expenses -
Budget and Actual (Budget Basis)
98
Equipment Replacement Fund
Schedule of Revenues and Expenses -
Budget and Actual (Budget Basis)
99
AGENCY FUNDS
Combining Balance Sheet
100
Combining statement of Changes in Assets
and Liabilities - Al] Agency Funds
101
CONTENTS - CONTINUED
FIXED ASSETS
Schedule of General Fixed Assets by Source
102
Schedule of General Fixed Assets -
By Function and Activity
103
Schedule of Changes in General Fixed Assets -
By Function and Activity
104
LONG-TERM DEBT
Schedule of Changes in Long -Term Debt
105
Statement of General Long -Term Debt
106
SINGLE AUDIT SECTION
Independent Auditors' Report on Compliance
With Requirements Applicable to Each Major
Program And Internal Control Over Compliance
In Accordance With OMB Circular A-133
108
Independent Auditors' Report on Compliance And On
Internal Control Over Financial Reporting Based
On An Audit of Financial Statements Performed In
Accordance With Government Auditing Standards
110
Schedule of Expenditures of Federal Awards
112
Schedule of Findings and Questioned Costs
114
r Begley, Janssen, Young & Birk, LC
r 2103 TMEMISST -CAPE GIRAROEAU.MISSOUH163701 -TELEPHONE (573)334.2845- FAX (573)3 4338
PARTNERS
r JOHN R. JANSSEN, CPA JENNIFER WESTRICH, CPA
TERRY R. BEGLEY, CPA JEFF UNTERREINER, CPA
LAWRENCE E YOUNG. CPA CATHERINEA. WHITE
KELVIN W. BIRK. CPA
INDEPENDENT AUDITORS' REPORT
ON THE GENERAL PURPOSE FINANCIAL STATEMENTS
r AND SUPPLEMENTARY INFORMATION
r 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,
1997, 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
r auditing standards and the standards applicable to financial audits
contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require
r 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
r 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,
1997, 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.
In accordance with Government Auditine Standards, we have also
r issued our report dated November 20, 1997 on our consideration of
the City of Cape Girardeau, Missouri's internal control over
financial reporting and our tests of its compliance with certain
provisions of .laws, regulations, contracts and grants.
c
Honorable Mayor and Members of the
City Council
City of Cape Girardeau, Missouri
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.
_ GL Y, J_ANS3EN, YOUNG &P
S�R�K,�t LC
f (O7ty`�'^�o"'��^"'k� fl/'h1,"�^',,�` +r.�'u!J �C✓
Cape Girardeau, Missouri
November 20, 1997
[a
GENERAL PURPOSE FINANCIAL STATEMENTS
I 1 i i 1 I i 1 1 I 1 1 1 1 1 1 1 1 1
Cay a CepaG®4 . Saesorn
COMBINED BAINICE MM
ALL
FUNDTWES AND ACCOUNT amms
Juls 30, 1BW
Gaenme4Nl Fnd Tvp®
Pll,, ryFad Types
F1d•r
Fntl Type A¢anl Graq
G
SmtmL
SpecYl
�t14
OeW
ieDa4G
Cepidl Nlmml
Cm®m_ 191smea_yardm.
Fl
Fiord lmM-Tam
emu4aL daft �L
Tmh Dlam.tllm
5-ao-9T
OON1
B -3➢ -95.
ASSETS ANDOTHEA DEBRS
bas:
CM aid mbeyvelm6
$;2]8,02)
58508,759
51,425.)3)
$1,528,138 51,296,755 5261$880
505.181 E- 4-
51,16,OT)
513,684,714
Malmna
-
1.O0.0m
2.060.43
313,165 1,28,989 1®,983
2.105.065 - -
6,968.)05
),645.15)
na oisllovenan for
dwbUlm,
meiNqabRs
Peel abre, penolMl prmeny,
end meMalts lexa
)8982
10.675
12071
- - -
19435 - -
81,363
62424
Salm
))5.308
721.301
_
_ _ _
_ _ -
1,159.819
980,957
Frv0M1 tmtm
Hotel-m�teltu recevable
-
29,951
-
- - _
_ _ -
29951
31,00
ileereuren[tex recevWNe
-
u,t66
d4.1%
45,12
UwM cber9a receirede
_
_
_
_ 1,@5.166 -
_ _ -
1,525.656
1,163,152
ape®laes�amen6 recavaae
52150
-
712.644
71522 -
- - -
94,)50
9`.,0,952
Imrairecevede
215,]622
69
33
26627
3%.524
1,366 3%,43
6.4.968
64],319
0 Nota rweiysUe
51.169
19943
-
- 21o.zm 14.163
4.IW
102 - -
32,55)
329,451
Nall
_
_
_
4522 _ _
_ _ _
4.522
6065
mmwle
Mergwueltax al recaizbles
MONrluelrex
-
86527
56087
85,525
Motorvebnle!base len
-
12189
12159
15,319
Momrvebe seta Nx
-
19645
-
- - -
_ _ _
19,545
17,502
Gren6r
321,611
1348!1
-
565gW 352,1]) -
- - -
1(!49]0)
1,043,540
D4eirpn b.re rI df
1,025,570
1,@5,5]0
1,743,249
A&- I. h., lundx
I. h.,
1,52],510
_
_
- _ _
_ _ _
1.56),`•10
1.
4rva'Roria
6ZI
19]49
-
- 111,22) 8.011
- - -
139,613
tu,W1
13!,965
flntricled ®ae6
C -h and.eh
-
-
- 2$13,606 )66T/]
25916,)&1
25976,599
W -"a m
64,052
640.033
2.,6.%4
?,p flans
55270
10,125
-
- 924786 69110
159)9.295
1.167.20
FuedasM. net of wmmulalad
dwC .tor
39999,544 959,646
- 1),029.)0 -
57,959.101
50.126,393
Nota neem:
MnamlevailnNeladedeervice
3,41,51
J.41.'b3
2Y5,494
Amami to be provided iw mdranmt
ol9...I 1.9-1.52!& 4A
-
_
_
_ _ _
_ - 18069,410
1&089.410
14,052217
Amcanttobeprw-forWWm
FN) ort 01 canpar®teaebamcea
_
_
_
_ _
_ _ 514063
544.%3
515,991
Tml oast and aa4a A4ia
SJ661996
555311)1
34.239802
52533675 91.518019 589 317
SZ600= 31]029)0 55).154.)2
5135961619
$129.6925%
THE NOTES TO THE FINANCIAL STATEMENTS
ARE AN INTEGRAL PART OF TH6
STATEMENT.
I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
THE NOTES TO THE FINANCIAL STATEMENTS AREPN INTEGRAL PA OFTH6 STATEf4I ,
CRY of Crone Gmrdrr, INnaed
COMBINED BAIANCE SHEET
ALL
FUNDI M AND ACCOUNT OHMS
Ane 30. IW
Team.,,
O mmtelF dTyp
PrWnstay Fnd Typm
fund Type
A tGra,
Garval
�1a�
Spwel
�6'
Daft
�pt♦m.
Cepilel Yuanel
F®d
long-Tg-Tmm
Tamh Nenoraidum
OnNI
I1A910T1ES, EOUDY ANDOTHEN CNESlfS
11
P Fll�L i�0.
(gDflL
�H9b.
�L
9�$J-`Z
3ffi
liebiE,:
Ac nb,yeble
5246,221
5d16,G®
52167
591,178 E9M E672,1a
E9H6
E-
E-
52221,890
52509,679
Accual litiliti®
Selaria,payml 6® and bone%
261,59
5868]
-
- 13],]]3 26679
9323
-
5N.003
1,040.015
1,ffi4.(59
Ntl®,yaele
_
_
_
_ 34.646 _
_
_
_
34.646
40.413
hareet,leble
-
-
265
- 6]6,On 3,511
-
-
-
6]9.0]3
3]4,]89
Oharl'ebilM,e
19261
449
-
- 201243 9
4)6,549
-
-
0W,572
73.290
Otetoohergwommmle
20
-
-
1.000 114296 2651
-
-
51,6&9
lffl. Vi
216,212
Die tO oher WndS
496.324 59,246
1,@5$]0
1.743,249
Advala from oher finds
1,86],93
1,B7.W0
1,]52,`.9(
Cunt poN of long-teml debt
-
-
-
- 1.365,235 110,000
-
-
2.91.765
3,B67A00
3322,000
Iag-Wee deb net of anmt portion
Pavmua bmtls,pbla
-
-
-
- 41,001(610 -
-
-
-
41,038610
40.769,810
F' tmsahold reoerue b,da,yNlle
1,59],10]
6,132,M)
],]19.336
10.]16,0]0
r' Catif Im of ,erhyetan
-
-
-
- 3.040.(5 766,914
-
-
5,95.000
9103914
6,435,000
Gnere otAigetm mbndng
bn%,y Wo
_
-
_
_ _ _
_
_
2.740.000
2740,W0
3,0]9(10
Etmated Wei cbeure and peat-cbsure
care4eatl¢alily
_
_
_
_ 99,960 -
_
_
_
822960
815.258
OeieW wpe¢alim We anployeea
2,105.065
-
-
2,105,065
1.506987
bknecl—a oe
1.616,6]3
42].8]8
716,316
76495
2.851,162
2692.958
To01 b Hoe
2.3].]15
6W.97
]16,]66
661,597 5240O3W L38 jw
2.90303
-
1],154,]26
7BA76,979
TL038282
E,by and abec ceem:
hveaMan in gmeml fend aeae6
_
_
_
_ _ _
_
17,09,709
-
17,02s,7o9
14.172520
Cmtriouted tepWl
169]0,802
169]O,6U2
17,3W4 15
Rennad ee .,
Reserved
_
_
_
- XOOM -
_
_
_
30000
26333
Un�erve0
116,894 3.335.187
3,4 wl
288,37
fund 9amncm:
lleeervad
2.097,784
2]6262
3.521,034
1,837,M0 _ _
_
_
_
].]92800
12051,5117
Un,erved
3,3J967
7,81,633
-
(211,642) -
-
-
16W9460
5,]b,532
T.W aqui, sld ena ae6H
5AW.91
].10],095
3,M1.CP1
1,ee,ws 19.117,606 3x5,187
17,09.709
5].804.8]0
52058304
Toted Nb . eouiry and aher oedY
57,684996
56531,192
$4239,602
E2533b75 571,516049 $4,6831]
52693363
$17,(29]09
517,154.726
$135,95 FM
$19.892
THE NOTES TO THE FINANCIAL STATEMENTS AREPN INTEGRAL PA OFTH6 STATEf4I ,
FUND BALANCES, JULY 1
5,469,129
4,083,090
City of Cape Girardeau, Missouri
5,260,412
1],]92,124
PRIOR PERIOD ADJUSTMENT
(30.945)
COMBINED
STATEMENTOF
REVENUES, EXPENDITURES
AND
FUND BALANCES, JUNE 30
$5,407,281
$7837895
$3 521 034
CHANGES
IN FUND BALANCES
r
ALL GOVERNMENTAL
FUND TYPES
FOR
THE FISCAL YEAR ENDED JUNE 30,
1997
GOVERNMENTAL FUND TYPES
r
TOTALS
SPECIAL
DEBT CAPITAL
(MEMORANDUM
GENERAL
REVENUE
SERVICE PROJECTS
ONLY)
REVENUES
Tares
$10,203.793
56,221,316
$321,909
$-
$16,753,018
Licenses and permits
884,687
-
-
-
884,6117
Intsr9owmmentd
1,722,813
1,332,081
],6]0
1,114,243
4,1]6.60]
_
Charges for .,A...
238,824
301,551
-
-
540,375
Interdepedmental services
459,548
-
-
-
459,546
Rhes and fodalWres
556,759
-
-
-
55,759
Mlscalleneous
107,638
117.671
-
-
225,309
as
Interest
233,268
381,084
190,225
266,579
1,0]1,1]6
Speclaf a ...... nte
7,123
301,598
118,811
427,532
TOTAL REVENUES
14,414,473
8,359,703
821,402
1,499,633
25,095,211
EXPENDITURES
Current
r
AdmhlslreW. se Mcee
1,241,129
015,736
-
-
2,056,865
Development seMo..
1,296,470
18,626
-
-
1,315,096
Parke and rocre.Wo
993,625
695,266
-
-
1,869,093
Pubic safety
6,681,531
144,622
-
-
6,826,153
r
Public works
1,658,398
1.042.938
-
-
2,701,336
Contingency
1,633,630
-
-
-
1,633,830
Capital outlay
-
-
-
6,511,692
6,511,692
Debt wMo.
r
Principe]
-
12,297
2,165,876
-
2,178,173
Int ere st and fi.cat dnergee
1,218
821,]]1
84,]]2
907,761
TOTAL EXPENDITURES
13,505,163
2,93,705
2,98],64]
6,598,464
26,019.999
EXCESS (DEFICIENCY) OF REVENUES
OVER(UNDEfa EXPENDITURES
909,290
5,428,998
(2,166.245)
(5,(X,831)
(924,788)
�.
OTHER FINANCING SOURCES (USES)
Operating transfers in
818,735
1,098,000
2,45,996
73,232
4,448,963
Operating tnndare out
(1,806,236)
(2,]]2,193)
-
(75,735)
(4,654,164)
Bond proceeds
-
-
1,045,000
1,505,000
2,550,000
r
Lose oa sate of securities
-
-
(1,375)
-
(1,375)
Payment t0 refunding escrow
-
-
(774,035)
-
(774,835)
Proceed. from fixed Beast.
27,308
27,308
r
TOTAL OTHER FINANCING SOURCES
(USES)
(960,193)
(1,674,193)
2,727,786
1,502,497
1,595,897
EXCESS (DEFICIENCY) OF REVENUES
r
AND OTHER FINANCING SOURCES
OVER (UNDEBI EXPENDITURES AND
OTHER FINANCING USES
150.903)
3,754,605
561 541
(3,594,334)
671,109
FUND BALANCES, JULY 1
5,469,129
4,083,090
2,959,493
5,260,412
1],]92,124
PRIOR PERIOD ADJUSTMENT
(30.945)
(30,945)
FUND BALANCES, JUNE 30
$5,407,281
$7837895
$3 521 034
$1,666,078
$10,432,288
THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT.
12
City of Cape Girardeau. Missouri
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGET BASIS) - ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
GENERAL FUND SPECIAL REVENUE FUNDS
VARIANCE VARIANCE
FAVORABLE FAVORABLE
BUDGET SAL )UNFAVORABLE) BUDTGET ACTUAL (UNFAVORABLE)
REVENUES
THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT.
13
Taxes
110,538925
$10,203,793
($335,032)
$6,352.375
$8227,318
($125059)
Ucerleee end permlle
911,850
004,637
(26,963)
-
-
-
htergo.nmantal
338375
1.722813
1,306.438
1,376,7W
1,332.081
(44.619)
Chargee br servbee
312.035
238824
(73,811)
321OW
301551
(20249)
Inladeperbnenlal cervices
495,067
459,548
(35.452)
-
-
-
Fbm and lodellures
540,000
558.759
16.759
-
-
-
Mismllareoup
88000
107,038
47,036
104445
117.671
13226
Interest
241.625
233280
(83371
121050
381.084
259,234
Specel ameasrrlalts
1000
7,123
6.123
_
TOTAL REVENUES
13437.110
14.414.473
977,363
8.277,170
8,359,703
82533
EXPENDITURES
CUoent
Admnistal serricm
1,306,539
1.281.122
125.417
1080364
818,500
249,856
Dev bpment wOry
1328.075
1,367.058
26.017
20320
18,626
11694
Poks end recreak
1,014,158
964,667
29356
971.096
074937
98159
Public safety
6,912,405
6,695395
217,010
189,390
142277
27,113
Publi .kc
17W,62
1,5887"
133.478
4,456,000
768174
3,689,828
CDntngermy
1805,000
TeWSW
(28.830)
-
-
-
Debleervice
Rrlr 1pal
-
-
-
-
12.297
(12,297)
IntaeN and nscal cbago
1W
1w
250
1,218
(9110)
_
TOTAL EXPENDITURES
13944,538
13.441989
502.549
6.685.420
2.654,037
4,031,383
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
(W7.428)
972.484
1.479.912
1.591.750
5705.666
4,113,918
OTHER FINANCING SOURCES (USES)
Operating transfer. In
818,735
818,735
0
1,120000
1,098067
(38000)
Operating lmnsfere out
R.W9357)
(1,606,236)
03.121
(3385,720)
(2,772,193)
613,527
Rrmc de km fixed assets
10.000
27308
17,308
TOTAL OTH ER F INANC ING SOU RCES
(I,W0,822)
(968193)
1W,429
2,257,720
(1,674,193)
563.527
(USES)
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOU RCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
H,568,OW)
12,91
1!W,341
(665.970)
4031,473
4,697,443
r.
FUN D BALANCES. JU LY 1
5358,822
5,358822
-
3,540,276
3,548276
-
PRIORPERIODADJUSTMENT
-
(30945)
30945)
FUND BALANCES, JUNE W
$3,788,572
$8337.968
$1,549396
$2.8743W
$7.571749
$4.897443
THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT.
13
4,
Cry of Cepo G4ardosu, Mlsaoud
COMBINED STATEMENT OF
REVENUES. EXPENDITURES AND
CIMNGES IN FUND BALANCES
BUDOETAND
ACTUAL (BUDGET BASIS) - ALL GOVERNMENTAL FUND
TYPES
FOR THE
FISCAL YEAR ENDED JUNE 3q
1981
ANNUALLY BUDGETED
DEBTSERVICEFUND
CAPITAL PROJECTS FUNDS
VARIANCE
VARIANCE
BUDGE[
ACTUAL
FAVORABLE
IUNFAVORABLEI
BUDGET
ACTUAL
FAVORABLE
1UNFAVOiM91F
REVENUES
Tate.
(305450
$321,008
$16,459f-
wlow Homely!
7,900
7,670
(230)
1,416,683
1.2P3,613
(273.077)
mNoNfareda
Inlaer
214,500
190,225
(24275)
67,500
267.342
t90.s42
r
swiala® ..tv
115,003
WIAW
169.506
29.000_
_ 20,4n
(523)
TOTAL REVENUES
642.350
821.402
173.552
_1.573.3%
1.499,832
3.750
r
EXPENDITURES
Capital Doth,
-
-
-
4.316650
2280,503
2.038.147
DebteaMr:a
Principal
2.277.931
2.165.878
112.055
Interest and 3snal char,,
322.842
821.771
871
-
64.270
(84,270)
_
TOTAL EXPENDMJRES
3.1W.573
2.987.847
112.926
4.318850
_ 2.384.774
1.951876
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
(2,457,723)
(2100245)
291478
(2.1Q,2W)
(866142)
1876,116
OTHER FINANCING SOURCES (USES)
Operating trerefers In
2,463.800
2458.906
(9,3041
205.000
73.232
(131.786)
Opaetir9laraferscut
-
-
-
108,000
(75.735)
(163.735]
B7M Proceeds
-
1045.000
100.5000
-
1.505.000
1.505.000
Loss on sale ale urffies
-
(1.375)
(1375)
-
-
-
1%ymenimreluntledlMneetaowepenl
(]74,835)
(774,635)
TOTAL OTHER FINANCING SOURCES
(USES)
2.468.800
2727]38
253.936
313.000
1.502,407
1169,491
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOU BCES
OVER (U N DER) EXPENDITU RES AND
OTHER FINANCING USES
11.077
581.541
550.494
(2,430,250)
SSL355
3.07,815
FUND BALANCES, JULY 1
2,959,493
2,959,493
1.IG,17 5
1,1" 725
FUNOSALANCES, JUNE 30
$2.70570
$3.521034
5550.484
($1245.535151.622.000
53081.915
THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT.
14
City of Cape Girardeau, Missouri
COMBINED STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
15
TOTALS
PROPRIETARY
FUND TYPES
(MEMORANDUM ONLY)
as
INTERNAL
ENTERPRISE
SERVICE
1996-1997
as
OPERATING REVENUES
Residential chargee
$5,260,430
$-
$5,260,430
Commercial chargee
2,457,189
-
2,457,189
Transfer ddbn chargee
675,636
-
675,636
Equipment atlas
7,971
-
7,971
Concession revenues
87,369
-
87,369
Golf course fees
399,751
-
399,751
Softball complex fees
45,131
-
45,131
Ohertees and eherges
229,462
-
229,462
as
Interdepartmental cervices
-
2.756,569
2,756,569
Other miscellaneous
41,176
91551
50,727
TOTAL OPERATING REVENUES
9,204,115
2,766,120
11,970,235
r
OPERATING EXPENSES
Personnel services
2,016,827
586,360
2,603,187
Materiels and supplies
287,242
246,560
533,802
Contractual services
3,489,301
1,482,289
4,971,590
General operating expenses
270,742
7.475
278,217
Special projects expense
126,850
-
126,850
Internal service expeneea
314,037
2.044
316,081
Delp ... When expense
1,472,921
199,511
1,672,432
TOTAL OPERATING EXPENSES
7,977,920
2,524,239
10,502,159
as
OPERATING INCOME (LOSS)
1,226,195
241,881
1,468,076
NON-OPERATING REVENUES (EXPENSES)
se
Interest Income
1,721,470
148,131
1,869,601
State grants
(183)
-
(183)
Federal grants
12,358
-
12,358
Sal a of fixed assets
4,026
-
4,026
Compensation for damages
4,449
6,560
11,009
Issuance cod amortization
(104,242)
(509)
(104,751)
Interest and handling costa
(2687,607)
(3,382)
(2690989)
TOTAL NON-OPERATING REVENUES
(EXPENSES)
(1,049,729)
150,800
(898,929)
INCOME (LOSS) BEFORE OPERATING
TRANSFERS
176,466
392,681
569,147
Operating transfers in
217,100
161,598
378,698
Operating transfer. out
(173,500)
(173,500)
NET INCOME (LOSS)
393,566
380,779
774,345
w
RETAINED EARNINGS (DEFICIT),
JULY 1
(227,682)
2,924,408
2,696,726
PRIOR PERIOD ADJUSTMENT
(19,000)
(19,000)
as
RETAINED EARNINGS IDEFICIT),
JUNE 30
$146.884
$3305187
$3.452071
THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEG HAL PART
OF THIS STATEMENT.
15
THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT.
16
City of Cape Oirardeaq Mleeourl
COMBINED STATEMENT
OF CASH FLOWS -
ALL PROPRIETARY
FUND TYPES
FOR THE FISC YEAR ENDED JUNG W. 1007
PROPRIETARY FUND
IYPIS
TOTALS
INTERNAL
(MEMORANDUM ONLY)
ENTERPRISE
SERVICE
1998-1997
CASA FLOWS FROM OPERATING ACTIVITIES:
0Pera6ng lnconts acu)
51,226,195
$241,681
$1,4 ,076
Adjustment to reconcile opening Income to
net cash provided by operetirg edWo.:
Depmolmbn
1,4)2,921
199,511
1,6]2,432
Cash operating Dams rwoWd
12,175
-
12,175
Charge In assets end IIsUgles:
(Increase) dea rease In accounts receNeble
(119,710)
91,137
(28,573)
(Inmeaee) decrease In lNentory
(2,012)
1,451
(561)
(Increase) decrease In prepaid Mame
23,693
7,833
31,526
Increase Weaeese) II accounts Myeble
(681522)
(93,323)
(161,845)
Irlaeese (decrease) In aniseed lablldes
(859,9]7)
(4,015)
(663,992)
`
Increase (decreue) In landgl podciosure care costs
7,702
7.702
NET CASH PROVIDED BY (USED IN) OPERATING
ACTIVITIES
1,692,465
444,475
2,136,940
GSH FLOWS FROM NONCAPRAL FINANCING ACTIVITIES:
Operating bandere In from other Mde
217,100
161,598
378,698
.�
Operating transfers out to 011ier finds
-
173,
(173500)
TIT CASH PROVIDED BY (USED IN) NONCAPRAL
FINANCING ACTIVITIES
21],100
(I1,9M
205,196
`
CASH FLOWS FROM CAPITAL AND RELATED FINANCING
ACTIVITIES:
P=eeds tom TAvelOpas
138,520
-
138,520
Prfndmi paid on revenue hoods
(340,000)
-
(340.000)
Pnncipal pald on lease punhsse bonds
(584,125)
-
(564,125)
PM6,1 Paid on COP bonds
(140,000)
-
(140,0001
Principal paid on SRF bond.
(92,000)
-
(92,00(3)
Princysl paid on energy loan 8 nota IhaYahle on land
(49,881)
(407)
(50,288)
Menest pad on bonds and obligations
(1,616,021)
32
(1,615,989)
Prcceeds Tom capital grams recehed tom other gwanmems
741(709
-
741,009
Purchase of f(ed assets
(5,684,2901
(295,449)
(5,979,739)
Proceed. from COP laeumce
-
853,847
853,847
Proceed. from .10 of assets
9,975
15,041
25,016
`
Compensation for damages
4,449
6,560
11.009
NET CASH PROVIDED BY ((SED IN) CAPITAL AND
RELATED FINANCING ACTIVITIES
(7,612,364)
579,624
(7,032]40)
G9f FLOWS FROIA INVESTING ACTIVITIES:
Purchase of tneslmm e
-
-
-
Proceedstomseledhvestmems
1,986,664
98,989
2,085,153
Imamst on w.slmenb
1,57],815
12,381
1,590,196
OvemlgN Mend
139,390
137,812
27],202
Imere.t on eseeeumenb
10,698
10,696
NET CASH PROVIDED BY (USED IN) INVESTING
ACTIVITIES
3,714,767
249,182
3,963,949
INCREASE (DECREASE) IN CASH AND CASH EOUIVALENTS
T.Shtt,032)
1,261,379
(726,653)
CASH AND CASH EQUIVALENTS,.LLY 1
28,414,793
2,1]4,2]6
30,589,071
CASH AND CASH EQUIVALENTS, JUNE 30
$26,426,761
$3,435,65]
$29.162,418
THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT.
16
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of Cape Girardeau, Missouri operates under a charter which went into effect April 12,
1982. The City operates under a Council -Manager form of government and provides the
following services as authorized by its charter: public safety (police and fire), highways and
streets, water, sanitation, health and social services, culture -recreation, public improvement,
planning and zoning and general administrative services.
The financial statements of the City have been prepared in conformity with generally accepted
accounting principles (GAAP), as applied to govenunent 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. Reporting Entity
In evaluating how to define the City, for financial reporting purposes, management has
considered all potential component units. Generally, component units are legally separate
organizations for which the elected officials 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.
Cace 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 1990B Bonds, Series 1993 Bonds, and limited
additional bonds. These bonds were used to finance construction and improvements to sewer,
solid waste, street, airport, flood control and other capital improvement projects. The bond
payments are obligations of the CGPFA. 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, 1997
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
1. Retorting Entity - Continued
Beginning January 1, 1996 the Transportation Sales Tax Trust Fund was established as a special
revenue fund. The fund was established to collect and expend a sales tax that was approved by
a public vote in August 1995 and became effective January I, 1996. The tax is restricted to
being expended on street and sidewalk improvements and will expire in five years.
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.
Snecial 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 Projects 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 Trust Funds.
M
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
.� 2. Fund Accountine - Continued
PROPRIETARY FUND TYPES
The City has implemented GASB 20 (Accounting and Financial Reporting 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 acrd 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 mariner 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
the City in a trustee capacity or as an agent for individuals, private organizations, other
governments, and /or other funds. Agency Funds are custodial in nature and do not involve
measurement of results of operations.
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 goverrtmental fund type operations for control purposes. All fixed
assets are valued at historical cost or estimated historical cost if actual historical cost is
not available. Donated fixed assets are valued at their estimated fair value on the date 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.
19
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
3. Fixed Assets
General Fixed Assets Account Group - Fixed assets used in governmental fund type operations are
accounted for in the General Fixed Assets Account Group, 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 assets 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 assets 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 assets used by Proprietary Funds is charged as an expense
against their operations. Accumulated depreciation is reported on Proprietary Fund balance sheets.
Depreciation has been provided over the estimated useful lives using the straight-line method. The
estimated useful lives are as follows.
Buildings 25-50 years
Improvements 10-40 years
Equipment 3-10 years
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.
20
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
4. Basis of Accountine - Continued
All proprietary funds are accounted for on a Flow of economic resources measurement focus. Willi
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 eamings components. Proprietary fund type operating statements present
increases (e.g., revenues) and decreases (e.g., expenses) in net total assets.
The modified accrual basis of accounting is used by all governmental fund types and agency funds.
Under the modified accrual 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 yearend.
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 carried and expenses are recorded at the lime 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 gram 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 0te 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.
21
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
.. NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
6. Budeets and BudEetary Accounting
The City adopts annual operating budgets for all funds.
The City follows these procedures in establishing the budgetary data reflected in the financial
statements.
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 arr 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:
Community Development Block Grant Fund $ 72,000
Street Improvement Fund 109,000
General Capital Improvement Fund 335,000
Interdepartmental 14,000
Contingency 1,525,000
Parks and Recreation 13,000
Public works 895.000
L2.963
Of the above appropriations, $72,000 was allocated for grant funded economic development
projects, $109,000 for completion of various street projects, $335,000 for completion of various
airport and park capital projects, $14,000 for a privately funded Transamerica Corridor contract,
$1,450,000 for grant funded flood buyout and relocation costs, $75,000 for forgiveness of debt
due from Cape Girardeau Public Library, $13,000 for roof replacement of the arena, $845,000
for completion of an EDA grant funded water supply development at plant #1, and $50,000 for
fencing of the city's closed landfill.
22
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL S'I'ATEMEN'I'S
June 30, 1997
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
6. Budgets and Budgetary Accounting - Continued
For the year ended lune 30, 1997 general fund expenditures for contingent expenditures
exceeded the approved budget by $28,830. Additionally, the airport debt service, general capital
improvement and employee fringe benefit funds exceeded their approved budgets by $5,664,
$663,284, $7,491, and $285,810 respectively.
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 which includes encumbrances as expenditures.
23
The following reconciliation adjusts GAAP basis to budget basis:
Excess (Deficiency)
of Revenues arid Other
Financing Sources over (under) Expenditures
and
Other Financing Uses
Special Debt
Capital
General
Revenue Service
Proieets
GAAP Basis
$ (50,903)
$ 3,754,805 $ 561,541
$ (3,594,334)
Increase due to:
Prior year encumbrances
Administrative services
4,860
790 -
-
Development services
260
- -
-
Parks and recreation
14,899
27,264 -
-
Public safety
8,134
2,345 -
-
Public works
104,354
512,406 -
-
Capital outlay
-
- -
4.075.688
132.507
542.805
4.075.688
y
Decrease due to:
Year-end encumbrances
Administrative services
24,853
3,562 -
-
Development services
3,848
- -
-
Parks acrd recreation
5,874
6,933 -
-
�,
Public safety
21,998
- -
-
Public works
12,740
255,642 -
-
Capital outlay
-
- -
1,813.457
�.
69y13
266.137
1.813.457
Budget Basis
12,291
$4,031,473 $ 561.541
$(1,332,103)
23
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
6. Budgets and Budeetary Accounting - Continued
The individual proprietary schedules of comparing budget to actual is reported on a budgetary
basis that uses the modified accrual basis of accounting with the exception of encumbrances.
Encumbrances are reported as expenses in the year of encumbrance.
Net Income (Loss)
Solid Golf Softball
Sewer Water Waste Course Complex
GAAP Basis
$ 78,824
$ 2.53,969
Increase due to:
Prior year encumbrances
Materials and supplies
25
1,933
Contractual services
185
3,921
Special projects expenses
28,751
-
Capital outlays
2,365,572
99,135
Depreciation
795,561
391,306
Capital grants
255,536
447,830
Impact fees
138,.520
-
Adjustment to liability for
229,704
100,536
future landfill postclosure
-
.. Landfill closure and
maintenance costs
-
-
Interest paid less than accrued307,838
-
Interest cost amortized
720,622
1,146
Cost of bond refunding
-
Interest paid more than accrual
amortization
30,636
40,856
Issuance cost amortization
66.882
30.239
4,710,128 1,016.366
$ 22,991 $ 18,827 $ 18,955
298 1,112 2,500
1,123 - 400
4,794 -
160,257 - -
221,726 57,328 7,000
80,979
297
7.121
476.595 .58.440 9,9W
Decrease due to:
Year-end encumbrances
Materials and supplies
1,915
228
333
320
740
,,. Contractual services
46
-
-
-
-
General operating expenses -
-
-
470
-
Capital outlays
1,585,447
229,704
100,536
100
-
.. Landfill closure and
maintenance costs
-
-
74,834
-
-
Interest paid more than accrual
-
4,368
2,181
-
-
Bond principal paid
730,542
299,114
170,583
-
-
Capital outlays
4,421,888
875.522
223.909
52.476
7,065
6.739,838
1,408.936
572,376
53,366
7,805
Budget Basis
$ (1,950 886)
138 601
$ (72.790) 23,901L
050
24
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
6. Budgets and Budeeta" Accounting - Continued
25
Net Income (Loss)
Data
Fleet
Equipment
Processing
Management ment
Revlacement
GAAP Basis
$ 35,102
$ (1,168)
$ 170,050
Increase due to:
Prior year encumbrances
Materials and supplies
-
222
-
Contractual services
-
1,595
-
Capital outlays
13,141
4,450
-
Depreciation
118,283
34,712
46,516
Interest paid less than accrued
1,618
-
1,664
Bond proceeds (net of issuance costs)
422,277
-
431,570
Issuance costs amortization
256
253
.555.575
40,979
480.003
Decrease due to:
Year-end encumbrances
Materials and supplies
443
1,372
-
Contractual services
-
2,999
-
General operating expenses
4,495
-
-
Capital outlays
-
-
-
,�
Bond proceeds
-
-
-
Interest paid more than accrued
-
-
-
,�
Principal paid
-
407
-
Capital Outlays
44,981
36,472
213.997
49,919
41,250
213.997
..
Budget Basis
540,758
1,439)
436 056
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.
25
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
S. Compensated Absences
Vested or accumulated vacation pay for proprietary funds is recorded as an expense and liability
of those funds as the benefits accrue to employees. 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 colunms do not present results of operations in
conformity with generally accepted accounting principles. Neither is such data comparable to a
consolidation.
lnterfund elinwnations have not been made in the aggregation of this data.
11. Cash and Cash Equivalents
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, 1997 are
recorded as prepaid items.
26
City of Cape Girardeau, Missouri
NOTES TO FWANCIAL STATEMENTS
June 30, 1997
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
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 oil 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 Oblieations
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 -tern obligations, only that portion expected to be financed from expendable available
financial resources is reported as a fund liability of a governmental food. The remaining portion
of such obligations is reported in the general long-temr debt account group. Long-term liabilities
expected to be financed from proprietary fund operations are accounted for in the appropriate
proprietary fund.
16. Iuterfund Transactions
Quasi-extemal 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 fiord, are recorded as expenditures/expenses in the
reimbursing fund and as reductions of expenditures/expenses is the food that is reimbursed.
All other interfund transactions, except quasi -external 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/Payables
During the course of operations, numerous transactions occur between individual funds for goods
provided or services rendered. These receivables and payables are classified as "due from other
funds" or "due to other funds" on the balance sheet. Short-term interfund loans are classified as
"interfund receivables/payables".
18. Advances to Other Funds
Noncurrent portions of long -tern 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.
27
0
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
19. Post -Employment Health Care Benefits
r 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, seventeen
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 1997, those costs totaled $30,112.
COBRA Benefits - Under the Consolidated Onmibus Budget Reconciliation Act (COBRA), the
City provides health care benefits to eligible former employees and eligible dependents. Certain
requirements are outlined by the federal government for this coverage. The premium is paid in
full by the insured on or before the tenth (10th) day of the month for the actual month covered.
' This program is offered for a duration of 18 months after the termination date. There is no
associated cost to the City under this program, and there were no participants in the program as
of lune 30, 1997.
NOTE B - DEPOSITS AND INVESTMENTS
1. Deposits
At lane 30, 1997, the carrying arnount of the City's deposits was $5,429,382 and the bards
balance was $5,423,817 which excludes $5,565 of petty cash funds held at various City
locations. The deposits are categorized in accordance with risk factors created by governmental
reporting standards.
Carrying
Bank
Amount
Balance
Category #1 $ 5,257,209
$ 5,257,209
Category #2 172,173
166,608
Category #3 -
-
k5,129 $5,423,817
Category #1 includes deposits covered by deposit insurance or collateral }meld 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.
W
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE B - DEPOSITS AND INVESTMENTS - Continued
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.
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 Insured or registered, or securities held by the City or its agent in the City's name.
Category #2 Uninsured and unregistered, with securities held
by the counter
-party's tmst
department or agent in the City's name.
r,
Category #3 Uninsured and unregistered, with securities field
by the counter
-party, or by its trust
department or agent but not in the City's name.
Category
Carrying
Market
#1 #2 #3
Value
Value
Repurchase Agreements $ 3,737,761 $ - $ -
$ 3,737,761
$ 3,737,761
U.S. Government
Securities 13.317.682
13,317.682
13290.770
$ 17.055,443 $_ $ -
17,055,443
17,028,531
Money Market Account U.S.
Govermnent Securities
4,163,0.55
4,163,055
State Revolving Fund
Program
20,922,620
20,922,620
Investments in Deferred
Compensation Plan
2.105 065
2,105,065
� 44 246.183
44 219 271
29
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE C - PROPERTY TAXES
Property taxes attach as an enforceable lien on property as of January I. Taxes were levied on
August 19, 1996, 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
$ .33/100.00 assessed valuation
Library Tax
.17/100.00 assessed valuation
July 1, 1996
Public Health Tax
.06/100.00 assessed valuation
Depreciation
June 30, 1997
Debt Service Tax
.10/100.00 assessed valuation
$ -
$ -
Special Business District
.80/100.00 assessed valuation
Buildings
3,853,591
#2 (Ad Valorem)
242,167
8,867,406
Property tax receivable balances as of June
30, 1997 are as follows:
Downtown
than building
2,061,078
2,632,968
Business Debt
166,763
4,527,283
_
General
District Health Service
Libra ry
Total
Current property tax $ 30,325
$ 1,974 $ 5,386 $ 9,236
$ 16,048
$ 62,969
Delinquent property tax 32,151
2,454 4,545 10,354
14,565
64,069
Reserve for doubtful
property taxes (23,494)
(86) (3.398) (7.519)1(
1.178)4(
5.675)
Net property tax receivables 38 982
4 342 6,533 12,071
19 435
81,363
NOTE D - CHANGES IN FIXED ASSETS
A summary of the general fixed assets account group for the year ended June 30, 1997 is as
follows:
30
Balance
Accumulated
Balance
July 1, 1996
Additions
Deductions
Depreciation
June 30, 1997
Land
$ 2,073,938
$ -
$ -
$ -
$ 2,073,938
Buildings
3,853,591
5,255,982
242,167
8,867,406
Improvements other
than building
2,061,078
2,632,968
-
166,763
4,527,283
Equipment
1,686,375
213,213
4,588
339,126
1,555,874
Construction in progress
4,497,538
3.349.795
7.842.125
-
5,208
Total general fixed
assets
114 $ 1 I ,451.958
$7,846,713
748 056
$ 17.029.709
30
NOTE E - LONG-TERM OBLIGATIONS
The following is a summary of transactions in the General Long -tern[ Debt Account Group of the
City for the year ended June 30, 1997.
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
Leasehold
a.niflu tes
NOTE D - CHANGES IN FIXED ASSETS - Continued
Revenue
..
Additions and deletions to
the Enterprise Funds for the
fiscal year 1997 were $6,443,885 and
$112,396 respectively. Additions
and deletions to the Internal
Service Funds were $295,450 and
Gave
$17,191 respectively.
Total
General long-term
A summary of the proprietary fund type fixed assets for the
year ended lune 30, 1997 is as follows:
Enterprise
Internal
Fund
Service Fund
$ 10,214,870
Land
$ 248,109
$ 37,500
$17,557,702
Buildings
9,084,673
421,178
(170,IX10)
Improvements other
(30,172)
(2,999,269)
`
than building
32,892,680
104,903
46,293
Equipment
3,693,892
1,522,434
Construction in progress
7,828.867
6,346
$ 53,748,221
$ 2,092,361
Less accumulated
depreciation
13,748,677
1,132 513
`
544 063
L12-999 444
959 848
NOTE E - LONG-TERM OBLIGATIONS
The following is a summary of transactions in the General Long -tern[ Debt Account Group of the
City for the year ended June 30, 1997.
31
General
Leasehold
a.niflu tes
Obligation
Revenue
of
Unused Paid
Due to Other
Bonds
Bonds
Pani6pation
Gave
Governments
Total
General long-term
debt payable at
July 1, 1996
$3,390,000
$ 10,214,870
$3,325,000
$ 545,991
$ 81,841
$17,557,702
Retirements
(320,000)
(2,430,876)
(170,IX10)
(48,221)
(30,172)
(2,999,269)
Amount Added
2,550000
46,293
2,596,293
General long-term
debt payable at
Jane 30, 1997
3 070 000
$ 7JR3, 994
15 705 000
544 063
51 669
17 154 726
31
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE E - LONG-TERM OBLIGATIONS - Continued
The following is a summary of bond transactions in the Proprietary Funds of the City for the
year ended June 30, 1997.
Year Ending
Interest
Principal
Interest
June 30
Rate
Leasehold
Certificates
Total
1998
Revenue
Revenue
of
$ 467,738
1999
Bonds
Bonds
Participation
Total
Bonds payable at
4.50
355,000
108,488
463,488
July 1, 1996
$ 41,201,811
$ 2,761,199
$ 3,420,000
$ 47,383,010
Discount Amortization
4.90
390,000
73,555
463,555
& Issue Cost
54,374
23,268
(1,086)
76,556
Bonds Issued
-
-
880,000
880,000
Accumulating Interest
718,424
-
-
718,424
Bonds Retired
(432,000)
(584,124)
(140,000)
(1,156,124)
Bonds payable at
June 309 1997
$ 41,542,609
2.200,343
$4,155 8.914
$ 47,90L 666
Bonds payable at June 30, 1997 are comprised
of the following
individual
issues.
$ 3,070,000 1993 General Obligation Refunding Bonds due
as follows:
Year Ending
Interest
Principal
Interest
June 30
Rate
Due
Due
Total
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
11.250
461.250
3 070 000 633 642 L2293
Principal payments are made annually on November I, and interest payments are made semi-
annually on May 1 mid November 1.
32
0
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE E - LONG TERM OBLIGATIONS - Continued
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 are 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 were 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.
$ 1.060.000
Series 1993 Sewemee System
Revenue Bonds due as follows:
Year Ending
Interest
Principal
Interest
June 30
Rate
Due
Due
Total
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
1060000
301007
$ 1361,007
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 Much 1, and September 1.
33
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE E - LONG-TERM OBLIGATIONS - Continued
— $ 3.280.000 Waterworks System
Revenue Bonds Series 1992 due as follows:
Year Ending Interest
Principal
Interest
June 30 Rate
Due
Due
Total
1998 5.50% $
225,000
$ 219,098 $
444,098
1999 5.70
27.5,000
206,722
481,722
2000 5.90
320,000
191,048
511,048
2001 6.00
370,000
172,167
542,167
2002 6.10
425,000
149,968
574,968
2003 7.45
485,000
124,042
609,042
2004 7.45
555,000
87,910
642,910
2005 7.45
625.000
46.563
671.563
3 280 WO
1 197 S l8 L4,477
These bonds me 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 lune 3, 1992.
Principal payments are made amorally on March 1, and interest payments are made semi-
annually on March I and September 1.
Additional principal of $8,090,000 originally payable through the Fiscal years ending June 30,
2006 to 2012, was defeased via an in -substance defeasance during die fiscal year ended June 30,
1996.
34
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE E - LONG-TERM OBLIGATIONS - Continued
$ 8.865.000 Waterworks System Refunding Revenue Bonds Series 1995 due as follows:
Year Ending
Interest
Principal
Interest
June 30
Rate
Due
Due
Total
1998
4.100%
$ 75,000
$ 440,342
$ 515,342
1999
4.200
80,000
437,268
517,268
2000
4.300
80,000
433,907
513,907
2001
4.400
85,000
430,468
515,468
2002
4.500
90,000
426,727
516,727
2003
4.500
90,000
422,678
512,678
2004
4.600
95,000
418,627
513,627
2005
4.750
100,000
414,258
514,258
2006
4.875
810,000
409,507
1,219,507
2007
5.000
890,000
370,020
1,260,020
2008
5.000
980,000
325,520
1,305,520
2009
5.200
1,010,000
276,520
1,286,520
2010
5.000
1,065,000
224,000
1,289,000
2011
5.000
1,120,000
170,750
1,290,750
2012
5.000
2.295.000
114.750
2.409.750
8 865 OW 5 315 342 14,180.342
Principal payments are made annually on March 1, and interest payments are made semi-
annually on March 1 and September 1.
On December 1, 1995 the City of Cape Girardeau issued $9,095,000 of Waterworks System
Refunding Revenue Bonds Series 1995 with interest rates varying from 3.9% to 5.2%. The
bonds are special limited obligations of the City payable solely from the net income and
revenues derived by the City from the operation of the Waterworks System after payment of
costs of operation and maintenance.
The bonds were issued to provide the City with funds to defease $8,090,000 principal amount of
Waterworks System Revenue Bonds, Series 1992. The City transferred net proceeds of
$8,711,864 to Mercantile Bank of St. Louis National Association, St. Louis, Missouri (the
"Escrow Agent"), for deposit into air Escrow Fuud established under an Escrow Trust Agreement
dated December 1, 1995 (the "Escrow Trust Agreement") between the City and the Escrow
Agent. The proceeds were used to purchase direct obligations of, or obligations the principal of
and interest on which are unconditionally guaranteed by, the United States of America.
The refunded bonds shall be payable from the maturing principal of the Escrowed Securities,
together with the earnings thereon for the period beghuung March 1, 1996, and continuing
through March 1, 2002, the date on which the Refunded Bonds will be redeemed.
35
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE E - LONG-TERM OBLIGATIONS - Continued
$ 2.290.000 Sewerage System Revenue Bonds (Stale Revolving Fund Prograrn) Series 1991 due
as follows:
Year Ending
Interest
Principal
Interest
June 30
Rate
Due
Due
Total
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
2010
6.875
165,000
65,312
230,312
2011
6.875
175,000
53,969
228,969
2012
6.875
190,000
41,937
231,937
2013
6.875
205,000
28,875
233,875
2014
6.875
215 000
14.781
229.781
$ 2,290.000
$ 1,647.529
$ 3,937.529
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 I, and interest payments are made semi -amorally on
June 1 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 issue's trustee. As the City is reimbursed for sewer project
expenditures from the construction funds held by the trustee, the Department of Natural Resources
deposits an amount equal to approximately 51.907% of the reimbursement into the reserve fund.
The maximum amount of funds that will be advanced to the reserve fund will be $1,250,000. As
bonds are 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, 1997 was $712,798.
The reserve fund yields 6.71%.
36
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE E - LONG-TERM OBLIGATIONS - Continued
$ 468.000 Sewerage System Revenue Bonds (State Revolving Fund Program) Series 1993 due as
follows:
c
37
Year Ending Interest Principal
Interest
June 30 Rate Due
Due Total
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 39.000
1.053 40.053
468 000
252 990 720 990
These bonds are dated August 1, 1993.
The proceeds of the bond issue were used to extend and
improve the existing sewerage facilities serving the City.
Principal payments are made annually
on 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 he subsidized by interest
earnings on a reserve fund held by the
bond issue's trustee. As the City is reimbursed for sewer
project expenditures from the construction funds held by the trustee, the 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 we 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, 1997 was $327,600. The reserve fiord yields 5.15%.
c
37
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMEN'T'S
June 30, 1997
NOTE E - LONG-TERM OBLIGATIONS - Continued
$ 11,462,662 Water Pollution Control Revenue Bonds (State Revolving Fund Program) Series
1995D due as follows:
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 will be made annually on January 1 beginning in the year 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 the 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, 1997 was $3,520,958.
38
■
Year Ending
Interest
Principal Interest
June 30
Rate
Due
Due
Total
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
$ 23,230.000
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 will be made annually on January 1 beginning in the year 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 the 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, 1997 was $3,520,958.
38
■
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE E - LONG-TERM OBLIGATION - Continued
$ 13.535.000 Sewemee System Revenue Bonds (State Revolvine Fund Program) Series 1996 due
as follows:
Year Ending
Interest
Principal
Interest
June 30
Rate
Due
Due
Total
1998
$
760,761
$ 760,761
1999
760,761
760,761
2000
4.500%
$ 25,000
760,761
785,761
2001
4.650
25,000
759,636
784,636
2002
4.800
575,000
758,474
1,333,474
2003
4.900
585,000
730,874
1,315,874
2004
5.000
590,000
702,209
1,292,209
2005
5.150
600,000
672,709
1,272,709
2006
5.250
610,000
641,809
1,251,809
2007
5.350
690,000
609,784
1,299,784
2008
5.500
700,000
572,869
1,272,869
2009
5.600
715,000
534,369
1,249,369
2010
5.700
730,000
494,329
1,224,329
2011
5.875
745,000
452,719
1,197,719
2012
5.875
765,000
408,950
1,173,950
2013
5.875
780,000
364,006
1,144,006
2014
5.875
800,000
318,181
1,118,181
2015
5.875
875,000
271,181
1,146,181
2016
5.900
895,000
219,775
1,114,775
2017
5.900
920,000
166,970
1,086,970
2018
5.900
945,000
112,690
1,057,690
2019
5.900
965.000
56 935
1.021.935
$ 13.535.000 $ 11.130,752 $ 24,665.752
These bonds are dated June 1, 1996. The proceeds of the bond issue will be used for the
extension and improvement of the existing sewerage system serving the City.
Principal payments will be made annually on January 1 beginning in the year 2000. Interest is
paid semi -amorally on January 1 and July 1 beginning in the year 1997.
39
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE E - LONG-TERM OBLIGATION - Continued
The interest due on the 1996 Sewerage 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, the Department of Natural Resources will
deposit an amount equal to 70% of the disbursement into the reserve fund. The maximurn
amount of funds that will be advanced to the reserve will be $9,474,500. 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, 1997 was $1,165,765.
$ 10.030,000 Building and Eouimnent Leasehold Refunding & Improvement Revenue Bonds
(Capital Improvements Proiect), Series 1993 due as follows:
Year Ending
Interest
Principal
Interest
June 30
Rate
Due
Due
Total
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
r
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
2005
5.000
480.000
24,000
504.000
r
$
10.030,000
$ 1,346,395
$ 11.376,395
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 the City. The purpose of the bonds was to (1) pay the costs of various street
improvements for the City, (2) defease $10,410,000 outstanding principal amount of Building
and Equipment Leasehold Revenue Bonds of the Authority and (3) pay the costs of issuance of
. the Series 1993 Bonds.
The bond principal is allocated as follows: $1,961,796 - Sewer Fund; $284,210 - Solid Waste
Fund; and $7,783,994 - General Long-term Debt Account Group.
Principal payments are made annually on March I and interest payments are made semi-annually
on March I and September I.
40
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE E - LONG-TERM OBLIGATIONS - Continued
$ 3.155.000 Certificates of Participation (Convention and Visitors Recreation Facilities Project)
Series 1993.
Year Ending Interest Principal Interest
June 30 Rate Due Due Total
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
+ 3 155 000 845 096 $ 4,000,096
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 Union Planters Bank of Cape Girardeau County ( the "Trustee"). The
purpose of the 1993 Series certificates is for the acquisition, construction, famishing, and
equipping of a convention and recreational center, softball mid soccer fields, and improvements
to the City Hall.
The bond liability for the Series 1993 certificates is recorded in the General Long -Term Debt
Account Group.
Principal payments are made amorally on April 1, and interest payments are made semi-annually
on April 1, and October 1.
41
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE E - LONG-TERM OBLIGATIONS - Continued
$ 3.280.000 Certificates of Participation (Twit Lakes Proiect) Series 1994A
Year Ending
Interest
Principal
Interest
June 30
Rate
Due
Due
Total
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
3 280 000 1 101 503$4,381,503
The certificates are obligations of the City of Cape Girardeau, Missouri. Under a Lease
Purchase Agreement between the City and the Cape Girardeau (Missouri) Public Facilities
Authority (the "Corporation"), the Corporation will assign the right to receive rental and other
receipts from the City to Union Planters 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 sena-
annually on April 1 and October 1.
42
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE E - LONG-TERM OBLIGATIONS - Continued
$ 2,665,000 Certificates of Participation (Capital Improvements Projects) Series 1997A
Year Ending
Interest
Principal
Interest
June 30
Rate
Due
Due
Total
1998
4.625% $
230,000 $
107,391
$ 337,391
1999
4.625
230,000
118,231
348,231
2000
4.625
245,000
107,594
352,594
2001
4.750
255,000
96,262
351,262
2002
4.800
270,000
84,150
354,150
2003
4.900
275,000
71,190
346,190
2004
4.900
285,000
57,715
342,715
" 2005
5.000
490,000
43,750
533,750
2006
5.000
50,000
19,250
69,2.50
2007
5.000
335.000
16,750
351.750
2 665 000 722 283 $ 3,387,283
The certificates are obligations of the City of Cape Girardeau, Missouri under a Lease Purchase
Agreement between the City and the Cape Girardeau (Missouri) Public Facilities Authority (the
"Corporation'), the Corporation will assign the right to receive rental and other receipts from the
City to Union Planters National Bank (the "Trustee`). The purpose of the 1997A Series
certificates is to (1) pay the costs of completing the construction, famishing and equipping of a
convention and recreational facility that constituted part of the 1993 project, (2) pay the costs of
acquiring, constructing, famishing and equipping various equipment and capital improvement
projects, (3) fund the debt service requirements for the Series 1997A Certificates, and (4) pay
the costs of issuance of the Series 1997A Certificates.
The bond liability for the Series 1997A Certificates is recorded in the General Long -Term Debt
Account Group, Data Processing and the Equipment Replacement Fund.
Principal payments are made annually on April 1, and interest payments are made semi-annually
on April 1 and October 1.
43
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE E - LONG-TERM OBLIGATIONS - Continued
$ 765.000 Certificates of Participation (Capital Improvements Projects), Series 19976
Year Ending
Interest
Principal
Interest
Jane 30
Rate
Due
Due
Total
1998
4.700%
$ 75,000
$ 31,100
$ 106,100
1999
4.700
75,000
33,795
108,795
200)
4.700
80,000
30,270
110,270
2001
4.800
80,000
26,510
106,510
2002
4.900
80,000
22,670
102,670
2003
5.000
85,000
18,750
103,750
204
5.000
85,000
14,500
99,500
2005
5.000
205.000
10,250
215.250
$765,000
L2L2 845
The certificates are obligations of the City of Cape Girardeau, Missouri under a Lease Purchase
Agreement between the City and the Cape Girardeau (Missouri) Public Facilities Authority (the
"Corporation"), the Corporation will assign the right to receive rental and other receipts front the
City to Union Planters National Bank (the "Trustee"). The purpose of the 19978 Series
certificates is to (1) defease $755,000 outstanding principal amount of Cape Girardeau (Missouri)
Public Facilities Authority, Building and Equipment Leasehold Revenue Bonds (Airport
Improvement Project) Series 19908, and (2) pay the costs of issuance of the Series 1997B
Certificates.
The bond liability for the Series 1997B Certificates is recorded in the General Long -Term Debt
Account Group.
Principal payments are made annually on April 1, and interest payments are made semi-annually
on April I and October 1.
44
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
-� NOTE E - LONG-TERM OBLIGATIONS - Continued
The annual requirements to amortize all debt outstanding as of June 30, 1997 including total
45
interest payments of $36,449,240 are as follows:
General
Leasehold
Certificates
Year Ending
Obligation
Revenue
Revenue
of
June 30
Bonds
Bonds
Bonds
Participation Total
1998
$ 467,738 $
2,163,768
$ 2,703,800 $
1,224,379
$ 6,559,685
1999
468,806
2,199,857
2,685,935
1,267,149
6,621,747
2000
463,488
2,251,720
3,161,485
1,294,137
7,170,830
2001
461,805
3,472,298
823,225
1,317,175
6,074,503
2002
463,555
4,128,743
806,500
1,355,883
6,754,681
2003
458,875
4,218,827
473,200
1,374,363
6,525,265
2004
458,125
4,331,727
218,250
1,393,496
6,401,598
2005
461,250
4,441,702
504,000
1,837,915
7,244,867
2006
-
4,583,584
-
435,382
5,018,966
2007
-
4,629,605
-
981,875
5,611,480
2008
-
4,789,568
-
80,845
4,870,413
2009
-
4,896,663
-
76,768
4,973,431
2010
-
4,498,901
-
82,360
4,581,261
2011
-
3,807,051
-
-
3,807,051
2012
-
4,890,522
-
-
4,890,522
2013
-
2,442,930
-
-
2,442,930
2014
-
2,398,068
-
-
2,398,068
2015
-
2,186,234
-
-
2,186,234
2016
-
2,099,775
-
-
2,099,775
2017
-
2,061,970
-
-
2,061,970
2018
-
1,057,690
-
-
1,057,690
2019
L021,935
1.021,935
3,703,642 $ 72.573.138
$ 11.376.395 $ 12.721,727
$100,374.902
..
The cash available to service Revenue Bonds are $1,072,284
and $1,248,502 for the Sewer Fund
and Water
Fund respectively.
45
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL S'rATEMENTS
June 30, 1997
NOTE E - LONG-TERM OBLIGATIONS - Continued
The cash available to service the Leasehold Revenue Bonds in the Enterprise Funds and the
General Long-term Debt Account Group are $301,007 and $2,156,683 respectively.
The cash available to service the Certificates of Participation in the Proprietary Funds and the
General Long-term Debt Account Group are $419,627 and $469,896 respectively.
Included in restricted cash on the balance sheet of the Proprietary Funds is $22,874,615 which is
the balance in the various project accounts which represent incomplete projects at June 30, 1997.
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 lune 30, 1996, the City defeased (in -substance) $8,090,000 of
Water Revenue Bonds. New debt was issued and the proceeds have been used to purchase U.S.
government securities that were placed ht trust funds. The investments and fixed eamings from
the investments are sufficient to fully service the defeased debt moil 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, 1997, defeased debt still
outstanding consisted of $8,090,000 in the Enterprise Funds.
In June, 1997 the City of Cape Girardeau issued Certificates of Participation to defease (in -
substance) $755,000 of Building & Equipment Leasehold Bonds, Series 1990B. As of June 30,
1997, defeased debt still outstanding consisted of $755,000 in the General Long-term Debt
Account Group (GLTDAG). Pursuant to GAAP, defeased debt is not shown on the face of the
balance sheets.
As a result of the in -substance defeasance, the City reduced its total debt service requirements
by $77,270, which resulted in an economic gain (difference between the present value of the
debt service payments on the old and new debt) of $32,708.
NOTE F - CAPITAL LEASE OBLIGATIONS
In prior years, the City acquired certain equipment under capital leases. The assets and liabilities
under capital leases were 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 lune 30, 1997.
46
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE G - DEFICIT FUND BALANCES/RETAINED EARNINGS
The following individual funds have deficit fund balances/retained earnings at June 30, 1997.
Enterprise Funds
Solid Waste Fund $ 717,753
Softball Complex Fund 143,976
Capital Projects Funds
Water Projects 292,680
NOTE H - PENSION PLAN
1. Plan Description
The City of Cape Girardeau participates to the Missouri Local Government Employees
Retirement System (LAGERS), an agent multiplecmployer 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 die pension plan. The
political subdivision is required by state statute to contribute at an actuarially determined rate;
the current rate is 7.9% (general), 7.0% (police) and 13.9% (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.
47
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
a NOTE H - PENSION PLAN - Continued
3. Annual Pension Cost
For 1997, the political subdivision's annual pension cost of $753,807 was equal to the required
and actual contributions. The required contribution was determined as part of the February 28,
1995 and/or 1996 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 martially,
attributable to inflation, (c) additional projected salary increases ranging from 0.0% to 4.0% per
year, depending on age, attributable to seniority/merit, and (d) pre -arid post-retirement mortality
based on die 1984 Group Annuity Mortality table set back no years for men and 6 years for
women. The actuarial value of assets was detemnined 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, 1997 was 16 years.
Tluee-Year Trend Information
Fiscal Animal Percentage Net
Year Pension of APC Pension
Ending Cost (APC) Contributed Obligation
06/30/95 693,627 100% 0
06/30/96 779,824 100% 0
06/30/97 753,807 100% 0
M
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL. STATEMENTS
June 30, 1997
NOTE H - PENSION PLAN - Continued
3. Annual Pension Cost - Continued
Required Supplementary Information
Schedule of Funding Proeress
49
(a) (b) (b -a) (a/b)
(c) ((b-a)/c)
Entry Age Unfunded
UAL as a
Actuarial Actuarial Actuarial Accrued
Annual Percentage of
Valuation Value Accrued Liability Funded
Covered Covered
Date of Assets Liability (UAL) Ratio
Payroll Payroll
02/28/95 11,437,061 12,415,102 978,041 92%
7,646,328 13%
02/29/96 11,745,277 13,096,931 1,351,654 90%
8,010,696 17%
02/28/97 13,511,019 14,466,970 955,951 93%
8,725,334 11%
Note: The above assets and actuarial accrued liability do
not include the assets and present
value of benefits associated with tine Benefit Reserve Fund and the Casualty Reserve Fund. The
actuarial assumptions were changed in conjunction with die
February 29, 1996 annual actuarial
a
valuations.
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.
NOTEI- INTEREST EXPENSE
r
Interest cost, including handling charges, totaling $3,404,825,
excluding $193,925 of interfund
interest, was incurred during the year ended June 30, 1997.
No interest cost was capitalized as
part of the cost of assets constructed during the period.
49
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMEN,rS
June 30, 1997
NOTE J - INTERFUND RECEIVABLES AND PAYABLES
—
The following is a summary of interfund balances as of June 30, 1997:
Due to/from other funds:
Due to
Due from
General Fund
$ 1,025,570
$ -
General Capital Improvement Fund
-
170,297
—
FAU Street Grants Fund
-
138,986
CDBG Fund
-
43,607
Water Projects Fund
-
143,434
—
Sewer Fund
529.246
1 025 570
1 025 570
—
Advance to/from other funds:
w
Advances from
Advances to
General Fund
$ 1,867,500
$ -
—
Sewer Fund
-
337,500
Solid Waste Fund
-
950,000
Golf Course Fund
-
390,000
—
Softball Complex Fund
-
190.000
$ L807 000
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 anounts 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 (mail 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 arr
amount equal to the fair market value of the deferred account for each participant.
50
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE K - DEFERRED COMPENSATION PLAN - Continued
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 -
City of Cape Girardeau, Missouri
51
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 infomlatioll
for the
year ended
June 30,
1997 was as
follows:
Softball
Sewer
Water
Solid Waste
Golf Comse
Complex
Total
Fwd
Fund
Fund
Fund
Fond
Entemdse
Operating Revenues
$ 2,423,120 $
4,011,943
$ 2,227,158
$ 483,446
$ 58,448
$ 9,204,115
Depreciation
795,561
391,306
221,726
57,328
7,000
1,472,921
r
Operating Grans
(183)
-
12,358
-
-
12,175
Operating Income (Loss)
437,298
882,210
59,337
24,897
(177,547)
1,226,195
Operating transfers in
-
-
-
10,000
207,100
217,100
Net Income (toss)
78,824
253,969
22,991
18,827
18,955
393,566
Current Capital
Contributions
826,066
746,020
-
645
3,126
1,575,857
Property, Plant and Equipment
Additions
4,946,478
1,167,794
223,910
93,270
12,433
6,443,885
Deletions
-
-
(59,516)
(52,880)
-
(112,396)
Net Working Capital
23,481,886
2,826,250
(173,820)
(346,895)
(188,602)
25,598,819
r
Total Assets
53,407,329
15,578,954
2,022,910
424,850
84,006
71,518,049
Bonds and Other Long -
Tenn Liabilities
Payable from operating
revenue
33,914,821
12,301,405
806,726
-
-
47,022,952
Total Equity
$ 17,540,256 $
2,434,230
$ (717,753)
$ 4,929 $
(143,976)
$ 19,117,686
51
52
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
r
NOTE M - RESERVATION OF FUND EQUITY
At June 30, 1997, the City had reserved its fund equity as follows:
General Fund
Reserved for prepaid items
$ 55,270
Reserved for advances
1,867,500
Reserved for mausoleum maintenance
60,022
Reserved for police projects
45,679
Reserved for encumbrances
69,313
12,0 97,784
Special Revenue Funds
Convention/Visitom Fund
Reserved for encumbrances
$ 1,972
Airport Fund
Reserved for prepaid items
9,589
`
Reserved for encumbrances
1,590
Parks and Recreation Fund
Reserved for prepaid items
536
Reserved for encumbrances
6,933
Transportation Sales Tax Trust Fund
Reserved for encumbrances
255 642
_
276 262
Debt Service Fund
Reserved for debt service
3 521 034
`
Capital Projects Funds
General Capital Improvement Fund
Reserved for debt service
219
Reserved for bond capital expenditures
6,776
Reserved for encumbrances
20,762
Corps Flood Control Fund
Reserved for encumbrances
56,370
FAU Street Grants Fund
Reserved for encumbrances
24,665
Community Development Block Gram Fund
Reserved for economic development loan repayments
77,268
Reserved for encumbrances
22,116
Park Improvements Fund
Reserved for encumbrance
12,767
Water Projects Fund
Reserved for encumbrance
1,676,777
1 897 720
52
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE N - RESERVED RETAINED EARNINGS AND RESTRICTED ASSET
ACCOUNTS
As of lune 30, 1997, the reserved portion of retained earnings for the Sewer Fund is as follows:
Reserved for debt service $30,000
Total reserved retained earnings 30 000
At June 30, 1997, the City has restricted assets in its Proprietary Funds as follows:
Revenue Bond
Bond Sinking mud
Construction Reserve Fund
Sewer Fund $ 21,235,956
Water Fund 832,964
Solid Waste Fund 819
Data Processing Fund 423,178
Equipment
Replacement Fund 363.365
$ 2,296,715
1,307,885
95,667
115
Total
$ 23,532,671
2,140,849
96,486
423,293
119 363.484
22.856.282 3 700 501 26 556 783
NOTE O - LANDFILL CLOSURE AND POSTCLOSURE CARE COST
State and federal laws and regulations require the City to place a final cover on its landfill when
closed and perform certain maintenance and monitoring functions at the landfill site for thirty years
after closure. The City closed its landfill in the fiscal year ending June 30, 1994, mud 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 $822,960 as of June 30, 1997, 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, 1997. 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.
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.
53
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL S'T'ATEMENTS
June 30, 1997
NOTE P - RISK MANAGEMENT
The government is exposed to various risks of loss related to torts; theft of, damage to and
destruction of assets; errors and omissions; natural disasters and employee health benefits. Tthese
risks, with the exception of those discussed in the following paragraphs, are covered by
commercial insurance. Settled claims have not exceeded this commercial coverage in any of the
past three fiscal years
The City is a member of the Missouri Public Entity Risk Management Fund, a not-for-profit
public entity insurance pool established by the state legislature. Through this pool the City
receives coverage for general liability, law enforcement liability, vehicle loss and accident
liability, errors and omissions, and employee benefit liability. Risks for these coverages are
spread across members of the fund. Currently the fund is comprised of 580 Missouri counties,
municipalities and, special districts. Premiums for these coverages are actuarially determined
based on actual claims of the pool and individual claims of the City. Each year, portions of
premiums not required because of below expected claims are returned to the members. The City
has received refunds of premiums in each of the last five years and has used them to offset the
cost of the succeeding year's premiums.
The City has established self-insurance plans for employees' health insurance and workers'
compensation. Both of these are accounted for using internal service funds. Under each plan
the City is substantially self-insured and uses an administrator to handle claims management.
W The City's health insurance plan is a minimum premium plan administered by Continental
Assurance Company which has a "A" rating by A. M. Best. Under this plan the City pays the
administrator a monthly premium for claims administration, claims pooling, and final claims
coverage. The City reimburses the administrator for claims paid up to $50,000 armually per
employee and approximately $800,000 annually for all employees. Rates are charged by the
internal service fund to the other city funds to cover this maximum liability. Ten per cent of all
claims paid by the administrator in excess of the maximum annual liability in any given policy
year may be carried over into the following policy year.
The City's workmen's compensation plan is administered by Galligher Bassett hie. Under thus
plan the City pays the administrator a per claim fee to administer it's claims. All claims are paid
directly by the City. The City has purchased insurance coverage from Safety National Casualty
Corp. that limits the maximum claims to $225,000 and $275,000 per regular employee and
police employee respectively. Additionally, $1,000,000 in coverage is provided for annual claims
in excess of $535,000. Rates are charged by the internal service fund to the other city funds
based on rates and experience factors established by the National Council on Compensation
Insurance. Safety National is rated "A- 8" by A. M. Best.
54
M
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE P - RISK MANAGEMENT - Continued
Claims liability is estimated using data supplied by the administrator. The claims activity during
the last three years is summarized as follows:
NOTE Q - CONCENTRATION OF CREDIT RISK/BAD DEBT ALLOWANCE
The City has uncollateralized 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, 1997, utility receivables totaled $1,677,386. On the financial statements, the utility
receivables are shown net of the allowance for doubtful accounts of $651,730. This results in
net utility receivable of $1,025,656.
55
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 Claims671
7.714119(
1.682)
(869,396)
Balance, July 1, 1995
$ 188,719
$ 155,525
$ 344,244
Provision for Incurred Claims
761,641
176,055
937,696
Payments of Claims74(
2.234)14(
0"160)881
2.394)
Balance, July 1, 1996
$ 208,126
$ 191,420
$ 399,546
Provision for Incurred Claims
647,134
173,081
820,215
Payment of Claims72(
0.066)201
7.562)
92( 7.628)
Balance June 30, 1997
135,194
LN2 133
NOTE Q - CONCENTRATION OF CREDIT RISK/BAD DEBT ALLOWANCE
The City has uncollateralized 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, 1997, utility receivables totaled $1,677,386. On the financial statements, the utility
receivables are shown net of the allowance for doubtful accounts of $651,730. This results in
net utility receivable of $1,025,656.
55
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE R - COMMITMENTS AND CONTINGENCIES
1. Litieation
Various claims and lawsuits are pending against the City. In the opinion of City management,
the potential loss on all claims and lawsuits will not be significant to the City's financial
statements.
2. Grant Audit
The City receives Federal and State Grants for specific purposes that are subject to review and
audit by various Federal and State agencies. Such audits could result in a request for
reimbursement by any of the Federal and State agencies for expenditures disallowed under the
terms and conditions of the appropriate agency. In the opinion of City management, such
disallowances, if any, will not be significant.
3. Construction Commitments
As of June 30, 1997, the City had construction commitments outstanding of $1,292,666.
4. Encumbrances
As of June 30, 1997, the City had encumbrances outstanding of $3,989,292.
NOTE S - CONTRIBUTED CAPITAL
The changes in the contributed capital accounts for the enterprise funds were as follows:
Solid
Golf
Softball
Sources Sewer Water
Waste
Course
Complex
Total
Beginning Balance, July 1, 1996 $ 15,913,834 S 1,192,526
$ 288,585
-
-
$ 17,394,945
Contributing Sources:
Donated assets by developers 432,010 260,548
-
-
-
692,558
Connexion fees 138,520 -
-
-
-
138,520
State grants 255,536 485,472
-
-
-
741,008
Transfer of assets from GFAAG - -
-
645
3.126
3.771
Ending Balance, Jane 30, 1997 16739900 1938546
2RR SRS
645
3126
18,970,802
M.
City of Cape Girardeau, Missouri
NOTES TO FINANCIAL STATEMENTS
June 30, 1997
NOTE T - EXCESS OF EXPENDITURES/EXPENSES OVER APPROPRIATIONS
For the year ended June 30, 1997 expenditures/expenses exceeded appropriations in the
individual funds as follows:
NOTE U - PRIOR PERIOD ADJUSTMENTS
Beginning fund balances were reduced $30,945 and $19,000 in the general and solid waste funds
respectively. The general fund reduction resulted from an adjustment to other receivables for
receipts that had been received in previous years and counted as revenue in error. This caused
revenue to be overstated by $9,440, $3,145, and $18,360 respectively in fiscal years ending June
30, 1994, 1995, and 1996, respectively. The solid waste fund reduction resulted from accrued
revenue recognized in the fiscal year ending June 30, 1995 being recognized as revenue again bi
the fiscal year ending June 30, 1996 resulting in an overstatement of revenue for that period.
The accrued revenue was removed from the solid waste fund's assets this year.
57
Budget
Actual
Variance
Airport Special Revenue
$ 509,363
$ 515,027
$ 5,664
_
General Capital Improvement Fund
397,000
404,491
7,491
Debt Service Fund
3,100,573
3,763,857
663,284
Employees' Fringe Benefit Fund
1,057,047
1,342,857
285,810
NOTE U - PRIOR PERIOD ADJUSTMENTS
Beginning fund balances were reduced $30,945 and $19,000 in the general and solid waste funds
respectively. The general fund reduction resulted from an adjustment to other receivables for
receipts that had been received in previous years and counted as revenue in error. This caused
revenue to be overstated by $9,440, $3,145, and $18,360 respectively in fiscal years ending June
30, 1994, 1995, and 1996, respectively. The solid waste fund reduction resulted from accrued
revenue recognized in the fiscal year ending June 30, 1995 being recognized as revenue again bi
the fiscal year ending June 30, 1996 resulting in an overstatement of revenue for that period.
The accrued revenue was removed from the solid waste fund's assets this year.
57
COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS
City of Cape Girardeau, Missouri
GENERALFUND
COMPARATIVE BALANCE SHEET
JUNE 30, 1997 AND 1996
1997
59
1996
$2,276,027 $1,886,811
38,982
ASSETS
737,308
Cash and cash equivalents
1,019,659
Receivables, net of allowances for
52,450
doubtful receivables
215,790
Real estate, personal property
51,169
and merchant taxes
324,644
Sales tax
1,025,570
Franchise tax
1,867,500
Special assessments receivable
627
Interest receivable
55,270
Other receivables
Intergovernmental receivables
Grants receivable
Due from otherfunds
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 liabili0es
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
59
1996
$2,276,027 $1,886,811
38,982
40,978
737,308
565,962
1,019,659
1,073,061
52,450
45,840
215,790
153,002
51,169
148,571
324,644
261,733
1,025,570
1,743,249
1,867,500
1,752,500
627
90
55,270
57,043
$7,664,996 $7,728,840
$246,221 $293,456
263,520
286,112
129,281
140,672
20
—
1,618,673
1,519,471
2,257,715
2,239,711
55,270
57,043
1,867,500
1,752,500
60,022
56,441
45,679
42,407
69,313
132,507
3,309,497
3,448,231
5,407,281 5,489,129
$7,664,996 $7,728,840
60
at, d cape Ohrdmu, Mivaud
GENERAL FUND
I:CHEDUIE
OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (BUDGET
BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30,1 UNIT
VARIANCE
FAVORADLE
BUDGET
ACTUAL
(UNFAVORABLE)
REVENUES
T.
$10,538¢25
$10203793
(§335.032)
UcereeeandpamlN
911850
804,887
(28,983)
Irta9p+eanan§I
338,375
1,M2,813
1,388,438
CFergee b amicae
312,835
238,824
(13,611)
NtadeperV1a191 eaNcee
495,000
4W.54S
(35.452)
Fnee end rode¢aee
640.Om
558.759
18.758
Witee aaa
93.000
1W.93S
47.838
Interest
241¢25
2332118
(8,337)
Special mmls
1000
].121
8.121
TOTAL REVENUES
13.437.110
14.414.473
9D.=l
EXPENDITURES
Crrtad
Aknlniratheeavkw
Cllr ceamcS
28,121
19,825
9,498
Humenleeavicee
180,583
19,818
15,085
Chy m1a(Nr
181,499
175,419
8580
PW9aeWeneee
S5,m7
47.133
]9]4
C¢yaeavay
18].310
1 W.3]0
18.940
Finance
314,988
3S,S39
15,147
IMadepaMarYl
439,933
3 .Il8
54,815
ea
TaW admlde¢a9ry eaK.
Daebwatma
1?88539
1281.122
125.417
eavicea
RanNnp eav
238295
222.7W
13.587
Inapectkn aavka
285.801
299.809
(3929)
En91n®dn9 eervkm
49.(X9
433.582
(38,493)
cammunryend econommeewlopmem
9109
48,41(
31, 9
WHk renep>tetlal
39.810
2W,549
21.201
Toteld.lapmenleavlcnt
1la�
�[. IT
Perkeandre ea5an
Palk maintenance
767.791
]45' l
22579
Cenetay
118.614
113,40.5
3.1W
Fadldyrraiderance
10).]61
128152
3W3
Tdalpa.keandeeamtlon
1PI4.1W
884 Bm
29.358
PoNk®Idy
NundpalcM
2m.J
190.518
12780
Police
3950,754
3942714
19,040
FLe
2.752.349
2.858.106
90.104
TaNlplblketlet,
8912.405
9895.33
217,010
PWlkwada
36ee1
1.448,9W
1228291
121,881
r
Slamwaler
2W,3011
Zm,4W
11,815
TclalpWll, Bake
1700292
1,589.]81
133,478
Ccrldmmw
l.Bm Om
1.833.830
(allm)
Debt Service
Idaatand fle®1 cl r,a
1W
-
lm
Trial debt t avbe
19
lm
TOTAL EXPENDITURES
13,W.538
13,41t,W9
502.548
+
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
(m],4291
9R,4o4
1.479812
OTHER FINANCING SOURCES (U ES)
Opaetn99alelae In
818,735
010,735
-
Cbae4n9bandaeal
(1889,35/)
11908236)
83.121
Pr dkk.Tuedeaaeta
loom
_ 2]39
1]3(0
TOTAL OTHER FINANCING SOURCES
(USES)
(1,0(-0,822)
(9m.19)
103,429
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
(St,'AO,Om)
$12,291
E15m xl
60
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52,181,91
Rowftlme McIbW9Rffilof
OamJeetemmlea
Nebeatp=
-
-
0.312
-
5.19] _ _
_
_
_
_
9,820
1,036
P.Hob
Dro=M
_
_
_
_
1,316 _ _
_
_
_
_
1316
1056
- e
Hobeuremt l.r
29951
-
-
-
- - -
-
_
-
-
29!351
3
I.le
mta[rO=aNeEla
4417
4417
0.5146
M=1i
Motor Nellax
-
-
-
-
- 661187 -
-
-
-
-
66187
.I"
6575
MORrva6tl.Itemalem
-
-
-
-
- 12,189 -
-
-
-
-
1219
1589
19815
1792
Dlfna..l Ies
-
19810
-
222
1 - -
-
-
-
-
19813
17,110
Sal®Iv
161')11
174261
3$3826
-
-
722311
422935
Im...vebee
-
-
-
-
- 1096 23224
-
-
-
-
39821
32915
Omms.e w
13680
-
-
-
- - -
-
_
_
-
13480
12971
I.M..
19749
-
-
-
- - -
-
-
-
-
19]49
19219
PrepaM%e s
-
9599
-
538
- - -
-
-
-
-
10125
11,161
Due h m abler lama
P' T.massels
5097670
�.)ed69z
>�
4� 11s56d
115 799
2�` � $2746749
) 155
53.7696B
Sage]
131
1192
)fi61
UMIUMES AND MNDSA WES
M UmspaY.51e
S1t P4
50.3998
$ -
566813
53113 $ - $ -
9 -
$60125
S -
S-
5296483
$153021
A« w uaoomee
6alan.apaymil=x am bents
2865
11221
-
42N9
t9i8 - -
-
_
-
-
5871
49d
W. na5nmw
_
9
_
We
Oefened rererua
-
MM7
4_3x2
-
5,49 - 361,71
12535
427116
91514
T.billa0ll6lee
14063]89]6
0.342
110,111
11,191 - 361,511
91,Kq
�3-Z
94 ®]
F.M b.l. C.
Reaer trpr®a0 nems
-
9.599
-
536
- - -
-
-
-
1045
11'61
Rear br ercvROmrces
1.912
1.90
-
893
- - -
-
255612
-
-
266,131
512,95
U6rasenm
061.155
8.�
1_30
(2.857
200.392 759,®8 2355.178
275,155
3.428,$7
4691
131
1,551633
349,115
Tobi Nrb b.l .
93427
17,7W
1_59
5x39
20o,3II 'm 2.35,118
2]5.155
3.664,306
4697
131
7,631895
4®3061
TmailbllMa aral NN bauuee•
916N
7"
SSB92
sllw
11556 199696 V 716]49
$M,IW
T78961
NW]
131
1192
SOM7881
I 1 I i 1 1 1 1 / i 1 1 1 I 1 1 1 1 1
BPEdK REVENUE RON.
CONENI" VNEVMENT OF REVENUES, E)U`MDF URM AND
C"AM"S
IN FUND BALANCE
FM THE F®CAE YEM ENDED NNE M IM
CAPITAL
GPRK
DOWNTOWN
YPRQVe.GNT
YPROVEMENT
TRANSPORTATION
CIXNENTM/
BUSINESS
PAWS AND
MOTOR
SALES TAX
6 mTNt
SALES
FLOOD
V61ON
TOTALS
VETOES
AIRPORT
MSTRCT
FEOREATION
HEALTH
FU& TAX
(FLONCONERM)
MATFRPROIE[TBI
TAF
PROTECTION
'dLV
1®6 -tee)
REVENUES
Taw Mo.
e-
e15JN
F-
lmmA
s-
el,Slp,tO]
&VAMEjLRe'S
i-
1-
*E ]:IIS
Inbecwnmentl 132.40
-
-
ASEE
1.113 'A
1=01
Caerpw beeMue 1..
5A4
-
2W.Sa
y11 xl
MbCNhnewe 3211
t®.M6
e$ID
-
].03
11],5)1
Inblwl y,32vol
-
Wit!
2.'.il
148]3
145Te
tI1,M2
q1
1IJ%
2R1
Ip
]e1,0.
TOTAL REVENUES AD1326
1t4,en
t!]n
21,4']
1A2M
I.J$.5]I
191f,BY
2A.tn
3X4200
251
J.la
eJ .M
EXPENDITURES
C.—I
AaminbTMeewNcee ]10]11
ID,O'Q
""T1s
CwNPomertt esrkee -
_
1!$15
p
USE,
PVM enJ leelmlw+
amRM
Pualk eJM
N.Da
_
_
N,bt3
Pualk wolke
y!,]n
Py=
Daaleem,
PIIndPI -
12227
InMeN ena Mulcavp
Ipl9
�
�
�
�
_
_
N TOTAL EXPENDTURE9 ]1R]11
!1�Sl]
1 1!
l—'SE2
R]n
-
An
_
].Ilp
2SIo`Tp
EXCESS(DEFICIENCY OF REVENUES
C M IUNOEA) RPENDIT I0E,_115
(—w
!O
IWUH,
1 ]11
1111YN1
M1n
21416TA
l�I.BJ
CTHERFINANCINO SOURCES(USES)
olN�ea�e r.11mNu -
macro
-
em,000
_
_
_
-
I.=-
-
tM"M
Dpenene reneron wl (5.1�Y�
_
_
_
OlwW
ipn
11.448
TOTAL OTHER FINANCING SOURCES
(USES) �I ., axI
M),WI
-
SEE
("XRT]
ISM=
I=,155
EXCESS(OEFIDENCY) OF REVENUES
ANDOTHERFINANCINO SOURCES
W ER (UNDER) EXPENDITURES AND
OTHERFINANDNO USES M311
b
Sp
5,10
M7.
..]ll
1)5,110
MEE
2.ST.YA
2m
(2SB
3,1%,"
FUMD BLLMCES,J4Y 1 sl).112
5]x25
1,CN
(2,TJZI
I]],M]
IW,IM
I.ME7!
-
1,la.SY
.,.w
.fe
.,maw
PRIOR FERN Ao11sTNENT
NNO RLLANCES. JUNE M X4TA27
$I�IM
$I Ins.y
f9J Np
s�,BM
aw'?l
W5"w
aM1`20
PONT
1131
5)�w)N!
City of Cape Girardeau, Missouri
CONVENTION/VISITORS SPECIAL REVENUE FUND
SCHEDULE OF REVENUES AND EXPENDITURES —
BUDGET AND ACTUAL (BUDGET BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
BUDGET
63
ACTUAL
$870,488
13,480
4,892
311
34,658
923,829
316,996
316,996
606,833
(541,800)
(541,800)
$65,033
VARIANCE
FAVORABLE
(UNFAVORABLE)
($39,512)
13,480
(3,108)
311
29,658
829
242,005
242,005
242,834
$242,834
REVENUES
T"es
$910,000
Intergovernmental
—
Charges for services
8,000
Miscellaneous
—
Interest
5,000
r
TOTAL REVENUES
923,000
EXPENDITURES
Current
Administrative services
559,001
TOTAL EXPENDITURES
559,001
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
363,999
OTHER FINANCING SOURCES (USES)
Operating transfers out
(541,800)
TOTAL OTHER FINANCING SOURCES
(USES)
(541,800)
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
($177,801)
63
ACTUAL
$870,488
13,480
4,892
311
34,658
923,829
316,996
316,996
606,833
(541,800)
(541,800)
$65,033
VARIANCE
FAVORABLE
(UNFAVORABLE)
($39,512)
13,480
(3,108)
311
29,658
829
242,005
242,005
242,834
$242,834
64
City of Cape Girardeau, Missouri
AIRPORT SPECIAL REVENUE FUND
SCHEDULE OF REVENUES AND EXPENDITURES —
""
BUDGET AND ACTUAL (BUDGET BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
r
BUDGET ACTUAL
(UNFAVORABLE)
REVENUES
Intergovernmental $77,000 $ —
($77,000)
Charges for services 4,800 5,832
1,032
Miscellaneous 99,620 109,045
9,425
TOTAL REVENUES 181,420 114,877
(66,543)
EXPENDITURES
Current
Administrative services 509,363 501,512
7,851
Debt Service
o
Principal — 12,297
(12,297)
Interest and fiscal charges 1,218
(1,218)
TOTAL EXPENDITURES 509,363 515,027
(5,664)
EXCESS (DEFICIENCY) OF REVENUES
�.
OVER (UNDER) EXPENDITURES (327,943) (400,150)
(72,207)
OTHER FINANCING SOURCES (USES)
Operating transfers In 328,000 353,000
25,000
TOTAL OTHER FINANCING SOURCES
(USES) 328,000 353,000
25,000
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES $57 ($47150)
($472071
64
City of Cape Girardeau, Missouri
DOWNTOWN BUSINESS DISTRICT SPECIAL REVENUE FUND
SCHEDULE OF REVENUES AND EXPENDITURES —
r BUDGET AND ACTUAL (BUDGET BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
ACTUAL (UNFAVORABLE)
$15,244
($1,656)
BUDGET
(85)
15,759
REVENUES
15,216
104
Taxes
$16,900
Interest
600
TOTAL REVENUES
17,500
EXPENDITURES
Current
Development services
15,320
TOTAL EXPENDITURES
15,320
_
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
$2,180
65
VARIANCE
FAVORABLE
ACTUAL (UNFAVORABLE)
$15,244
($1,656)
515
(85)
15,759
(1,741)
15,216
104
15.216
104
$543 ($1637)
r 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, 1997
BUDGET ACTUAL
$290,827
5,233
2,393
298,453
874,937
(576,484)
605,000
605,000
VARIANCE
FAVORABLE
(UNFAVORABLE)
($18,173)
5,233
2,393
(10,547)
96,159
96,159
85,612
(45,000)
(45,000)
$28,516 $40,612
REVENUES
66
Charges for services
$309,000
Miscellaneous
—
Interest
TOTAL REVENUES
309,000
EXPENDITURES
Current
Parks and recreation
971,096
Debt service
Interest and fiscal charges
TOTAL EXPENDITURES
971,096
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
(662096)
OTHER FINANCING SOURCES (USES)
Operating transfers in
650,000
TOTAL OTHER FINANCING SOURCES
(USES)
650,000
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
r
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
($12096)
$290,827
5,233
2,393
298,453
874,937
(576,484)
605,000
605,000
VARIANCE
FAVORABLE
(UNFAVORABLE)
($18,173)
5,233
2,393
(10,547)
96,159
96,159
85,612
(45,000)
(45,000)
$28,516 $40,612
66
$290,827
5,233
2,393
298,453
874,937
(576,484)
605,000
605,000
VARIANCE
FAVORABLE
(UNFAVORABLE)
($18,173)
5,233
2,393
(10,547)
96,159
96,159
85,612
(45,000)
(45,000)
$28,516 $40,612
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, 1997
BUDGET ACTUAL
67
$163,860
4,602
10,802
179,264
142,277
142,277
36,987
(11,907)
(11,907)
$25,080
VARIANCE
FAVORABLE
(UNFAVORABLE)
($11,615)
(98)
3.052
(8,661)
27,113
250
27,363
18,702
(387)
(387)
REVENUES
Taxes
$175,475
Intergovernmental
4,700
Interest
7,750
TOTAL REVENUES
187,925
EXPENDITURES
Current
Public safety
169,390
Debt Service
Interest and fiscal charges
250
TOTAL EXPENDITURES
— 169,640
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
18,285
r
OTHER FINANCING SOURCES (USES)
Operating transfers out
(11,520)
r"
TOTAL OTHER FINANCING SOURCES
(USES)
(11,520)
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
$6,765
67
$163,860
4,602
10,802
179,264
142,277
142,277
36,987
(11,907)
(11,907)
$25,080
VARIANCE
FAVORABLE
(UNFAVORABLE)
($11,615)
(98)
3.052
(8,661)
27,113
250
27,363
18,702
(387)
(387)
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, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
68
REVENUES
Intergovernmental
$1,295,000
$1,313,999
$18,999
Interest
5,000
48,678
43,678
TOTAL REVENUES
1,300,000
1,362,677
62,677
EXPENDITURES
Current
Public works
10,000
15,391
(5,391)
Debt Service
Interest an d fiscal charges
TOTAL EXPENDITURES
10,000
15,391
(5,391)
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
1,290,000
1,347,286
57,286
-
OTHER FINANCING SOURCES (USES)
Operating transfers out
(895,000)
(885,000)
10,000
TOTAL OTHER FINANCING SOURCES
(USES)
(895,000)
(885,000)
10,000
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
r
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
$395,000
$462,286
$67,286
68
69
City of Cape Girardeau, Missouri
CAPITAL IMPROVEMENT SALES TAX SPECIAL REVENUE FUND
FLOOD CONTROL PROJECTS
SCHEDULE
OF REVENUES AND EXPENDITURES —
BUDGET AND ACTUAL (BUDGET BASIS)
FOR THE
FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL
(UNFAVORABLE)
REVENUES
Tates
$1,750,000 $1,670,107
($79,893)
Miscellaneous
— —
—
Interest
103,500 141,882
38,382
TOTAL REVENUES
1,853,500 1,811,989
(41,511)
EXPENDITURES
Current
Public works
102,400 —
102,400
Debt Service
Interest and fiscal charges
TOTAL EXPENDITURES
102,400
102,400
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
1,751,100 1,811,989
60,889
OTHER FINANCING SOURCES (USES)
O peratin g transfers out
(1,937,400) (1,333,486)
603,914
TOTAL OTHER FINANCING SOURCES
(USES)
(1,937,400) (1,333,486)
603,914
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
($1863001 $478 503
$664,803
69
City of Cape Girardeau, Missouri
70
CAPITAL IMPROVEMENT SALES TAX SPECIAL REVENUE FUND
WATER PROJECTS
SCHEDULE OF REVENUES AND EXPENDITURES —
BUDGET ANO ACTUAL (BUDGET BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL
(UNFAVORABLE)
REVENUES
_
Capital Improvements $ — $274,676
$274,676
Interest 477
477
TOTAL REVENUES 275,155
275,155
EXPENDITURES
Public works
r
TOTAL EXPENDITURES
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES $0 $275.155
$275,155
70
City of Cape Girardeau, Missouri
TRANSPORTATION SALES TAX TRUST SPECIAL REVENUE FUND
_ SCHEDULE OF REVENUES AND EXPENDITURES —
BUDGET AND ACTUAL (BUDGET BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
ACTUAL (UNFAVORABLE)
$3,232,939
($267,061)
BUDGET
141,359
3,374,298
REVENUES
770,782
3,572,818
Taxes
$3,500,000
2,603,516
Interest
140,000
(10,000)
140,000
(10,000)
TOTAL REVENUES
3,500,000
EXPENDITURES
Current
Public works
4,343,600
TOTAL EXPENDITURES
4,343,600
EXCESS (DEFICIENCY) OF REVENUES
�.
OVER (UNDER) EXPENDITURES
(843,600)
OTHER FINANCING SOURCES (USES)
Operating transfers In
150,000
TOTAL OTHER FINANCING SOURCES
(USES)
150,000
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
693600
71
VARIANCE
FAVORABLE
ACTUAL (UNFAVORABLE)
$3,232,939
($267,061)
141,359
141,359
3,374,298
(125,702)
770,782
3,572,818
770,782
3,572,818
2,603,516
3,447,116
140,000
(10,000)
140,000
(10,000)
2743516_ $3437116
r City of Cape Girardeau, Missoud
FLOOD PROTECTION SPECIAL REVENUE FUND
SCHEDULE OF REVENUES AND EXPENDITURES —
BUDGET AND ACTUAL (BUDGET BASIS)
FOR THE FISCAL YEAR ENDED JUNE 70, 1997
BUDGET
r
REVENUES
�. interest S
TOTAL REVENUES
EXPENDITURES
Current
AdminlstreWe wNicas
TOTAL EXPENDITURES
.. EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES £ —
r
72
VARIANCE
FAVORABLE
ACTUAL (UNFAVORABLE)_
$280
$280
2�
280
__280
5280
City or Cape Girardeau, Missouri
VISION 2000 SPECIAL REVENUE FUND
r
SCHEDULE OF REVENUES AND EXPENDITURES —
BUDGET AND ACTUAL (BUDGET BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL
(UNFAVORABLE)
REVENUES
Miscellaneous
$4,825 $3,082
($1,743)
Interest
40
40
TOTAL REVENUES
4,825 3,122
(1,703)
EXPENDITURES
Current
Development services
5,000 3,410
1,590
r
TOTAL EXPENDITURES
5,000 3,410
1,590
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
($175) ($288)
($113)
r
73
+
+
City of Cape Girardeau, Missouri
DEBT SERVICE FUND
COMPARATIVE BALANCE SHEET
JUNE 30, 1997 AND 1996
+
1997
+
ASSETS
+
Cash and cash equivalents
$1,425,737
Investments
2,060,523
Receivables, net of allowances for
doubtful receivables
+
Real estate, personal property
and merchant fazes
12,071
Special assessments receivable
712,644
Interest receivable
28,827
Total assets
$4,239,802
LIABILITIES AND FUND BALANCES
Accounts payable
$2,167
Interest payable
285
Due to other funds
—
Deferred revenue
716,316
Total liabilities
718,768
Fund Balances
+
Reserved for debt service
3,521,034
Total fund balances
3,521,034
Total liabilities and fund balances $4,239,802
74
1996
$824,740
2,137,084
12,863
662,534
30.193
—$3 667 414
34,914
673,006
707,920
2,959,494
2,959,494
$3,667,414
I i 1 1 1 1 i 1 1 I I I 1 I I I 1 I 1
City of Cape GYardeau. Mineud
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEET
June W. 1807
(YARN CarnparSSre Ta61s for June 30, 1885)
General
Carp
Capital
Flood
Street FAU Street
CDBG
Perls
Water
TGIDIS
Im1.lrueamerrt
ikmeOl
Imnrwemer113 (rants
(rent
ImQovements
PrDecte
5-30-W
S-30-88
ASSETS
C2stlandcasnequMIent5
$0,990
$]98,09]
$248,444 $ -
$1]8,5]4
$298,033
§ -
$1,528,138
$4,394,565
ItNes"ern5
-
343,165
- -
-
-
-
343,165
880.141
Grants recarvabla
340,750
-
- 216.375
28,325
-
-
585,450
446.261
Special aseeesrrenl5 I..,.ble
-
-
86,438 5.084
-
-
-
71,522
99,794
Int are et receivable
5
1,363
- -
-
-
-
1,368
22951
Noms r9cl3Vdbe
4,032
41032
8.065
Total..sets
5347745
$1,140625
$]14882 $221,459
$210,931
5298.033
S -
$2,5338]5
55.6331]]
IJABIUTIES AND FUND BALANCES
ACCJurnspa,mbe
$51325
$3,646
$1960 $78.500
$120
$8,979
$149,246
S291,778
$415.311
Due to olber governments
-
-
- -
1000
-
-
1.000
1,000
Due to other funds
1]0,29]
-
- 136.988
43,687
-
143,434
496,324
58,144
Deterred revenue
-
81065
65.346 5,084
78,495
98,907
TORI IIeblIM.
221,622
11.713
67,306 220,5]0
44,]2]
8,979
292.680
68],59]
573,362
Fund balance.;
Reserved for debt service
219
-
- -
-
-
-
219
835,752
Reserve$ for bond capital expendilurea
6,776
-
- -
-
_
_
e.]]8
1,691.428
Reserved la econornic da, ban repymrt.
-
-
- -
77,208
-
-
77,2e8
94358
Reea adl for encumrrance5
20,762
56.370
- 24.665
22,116
12.]8]
1,678,]7]
1813.457
4,075891
Unrese,eed
98,386
1.072.542
247,576 (23,]]6)
68,820
2]8.26]
(1989,457)
(231,642)
(1,236,814)
Total fund Oelancs.
126,123
1,128512
247,576 889
168304
289,054
(292680)
1,668.0]8
5,280,415
To at Ilablillim and fund balances
$347745
$1.140.825
$314,882 $221,459
$210_931
$29,090
>
$2.533.8]5
55.633.7-/]
I 1 1 1 1 1 1 1 f 1 t 1 1 1 { 1 1 I 1
City N Cep• Gimrelesu, Mimauri
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
GENERAL
CORP
FAU
CAPITAL
FLOOD
STREET STREET CORO
PAR(
WATER
TOTALS
IMPROVEMENT
CONTROL
IMPROVEMENTS GRANTS GRANT
IMPROVEMENTS
PROJECTS
1998-1997
REVENUES
Intergovernmental
1297731
E-
E- $573.& E262.5)s
$-
-
$1.114,203
Interest
120,362
93,670
30,613 1,891 to,M2
10.421
-
2m,579
Special assessments
-
9'334
23,383 5,094
Miami
TOTAL REVENUES
411,093
179,800
53,805 651,011 2e3.2m
10.421
1.489,633
EXPENDITURES
Capital 0u ay
3,378,555
802,360
e70.7Q 935,530 393,001
21,939
292,178
e,511,m2
Debt saMca
mor85t and fiscal charges
65,557
m
10,823 2,613
6,193
502
54,772
�
a TOTAL EXPENDITURES
3,445,415
902.453
570,749 867,457 310.610
27,088
292930
6,589,151
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
(3.031.322)
(722,51a)
(616.54931 (3m,u5) (47 31 e)
18.e7
(292.930)
(S,Gees31)
OTHER FINANCING SOURCES (USES)
Operatingtranefust,
-
-
- 25,000 28,232
20,000
-
73232
Operating 0ansfers ma
-
(30,500) - -
(06235)
-
(75,736)
Bond proceeds
1,365,000
-
- -
180,000
1 5CW5
TOTAL OTHER FINANCING SOURCES
(USES)
1,345.000
-
130,500) 25.000 25,232
130.765
1.502.197
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
(1,938,32)
(?2,54))
(617,313) (a41,11e7 (t 8,051)
119,080
(29;850)
(3,591,331)
FUND BALANCES, JULY 1
1.815,4u
1,551,ae1
581,819 362,335 185,288
170.30
S2eg112
FUND BALANCES, JUNE 30
12919
1125912
5217.5!9 559 193201
93051
(5282.8801
15550]5
City of Cape Girardeau, Missouri
GENERAL CAPITAL IMPROVEMENT FUND
SCHEDULE OF REVENUES AND EXPENDITURES —
BUDGET AND ACTUAL (BUDGET BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
BUDGET ACTUAL
REVENUES
Intergovernmental
$—
Interest
TOTALREVENUES
EXPENDITURES
Capital outlay
397,000
Debt service
Interest an d fiscal charges
TOTAL EXPENDITURES
397,000
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
(397,000)
OTHER FINANCING SOURCES (USES)
Operating transfers In
65,000
Bond proceeds
TOTAL OTHER FINANCING SOURCES
(USES)
65,000
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
($332000)
77
$287,731
123,362
411,093
338,934
65,557
404,491
6,602
1,345,000
1,345,000
VARIANCE
FAVORABLE
(UNFAVORABLE)
$287,731
123,362
411,093
58,066
(65,557)
Q,491)
403,602
(65,000)
1,345,000
1,280,000
$1,351,602 $1.683.602
City of Cape Girardeau. Mlsaouri
+ CORP FLOOD CONTROL CAPITAL PROJECT FUND
SCHEDULE OF REVENUES AND EXPENDITURES —
BUDGET AND ACTUAL (BUDGET BASIS)
.. FOR THE FISCAL YEAR ENDED JUNE 30, 1997
+ VARIANCE
FAVORABLE
BUDGET ACTUAL JUNFAYOflABt.E
+ T
78
REVENUES
+
intergovernmental
$449,600
89,570
($360,030)
Interest
37,500
90,334
`52,834
TOTAL REVENUES
487,100
179,903
307,197)
EXPENDITURES
Capital Outlay
1.976,800
951,554
1,025,246
Debi wMce
Interest an d I SCei charges
TOTAL EXPENDITURES
1,976,800
951,623
1,025,177
+
EXCESS (DEFICIENCY) OF REVENUES
OYER (UNDER) EXPENDITURES
{1,489.700)
{771,720)
717,980
+
OTHER FINANCING SOURCES (USES)
Operating transfers in
+
TOTAL OTHER FINANCING SOURCES
(USES)
—
—
—
+
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
1$14897001
($771720)$117980
78
City of Cape Girardeau, Missouri
STREET IMPROVEMENT FUND
SCHEDULE OF REVENUES AND EXPENDITURES —
BUDGET AND ACTUAL (BUDGET BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
REVENUES
Interest
$23,000
$30,513
$7,513
Special assessments
29,000
23,393
(5,607)
TOTAL REVENUES
SQ000
53,905
1,905
EXPENDITURES
Capital outlay
190,100
134,002
56,098
Debt senlce
Interest an d fiscal charges
TOTAL EXPENDITURES
190,100
134,002
56,098
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
(138,100)
(80,097)
58,003
OTHER FINANCING SOURCES (USES)
—
Operatingtransfersin
—
—
—
Operatingtransfersout
(42,000)
(30,500)
11,500
TOTAL OTHER FINANCING SOURCES
(USES)
(42,000)
(30,500)
11,500
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
($180,1001
($110,597)
---$69 503
79
` City of Cape Girardeau, Missourl
FAU STREET GRANTS FUND
SCHEDULE OF REVENUES AND EXPENDITURES —
BUDGET AND ACTUAL (BUDGET BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
BUDGET ACTUAL
80
$573,936
1,991
5,084
581,011
499,641
10,923
510,564
70,447
25,000
25,000
VARIANCE
FAVORABLE
(UNFAVORABLE)
($103,354)
(3.009)
5,084
(101,279)
412,459
(10,923)
401,536
300,257
$95,447 $300,257
REVENUES
Intergovernmental
$677,290
Interest
5,000
,.
Special assessments
TOTAL REVENUES
682,290
EXPENDITURES
Capital outlay
912,100
Interest and fiscal charges
TOTAL EXPENDITURES
912,100
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
(229,810)
`.
OTHER FINANCING SOURCES (USES)
Operating transfers in
25,000
TOTAL OTHER FINANCING SOURCES
r
(USES)
25,000
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
($204,810)
80
$573,936
1,991
5,084
581,011
499,641
10,923
510,564
70,447
25,000
25,000
VARIANCE
FAVORABLE
(UNFAVORABLE)
($103,354)
(3.009)
5,084
(101,279)
412,459
(10,923)
401,536
300,257
$95,447 $300,257
City of Cape Girardeau, Missouri
COMMUNITY DEVELOPMENT BLOCK GRANT FUND
SCHEDULE OF REVENUES AND EXPENDITURES —
r BUDGET AND ACTUAL (BUDGET BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
ACTUAL (UNFAVORABLE)
$252,576
($97,424)
10,722
r
263,298
BUDGET
321,617
r
REVENUES
(2,613)
324,230
Intergovernmental
$350,000
139,718
Interest
(21,768)
28,232
TOTAL REVENUES
350,000
EXPENDITURES
r
Capital outlay
550,650
Debt service
Interest an d fiscal charges
TOTAL EXPENDITURES
550,650
EXCESS (DEFICIENCY) OF REVENUES
_
OVER (UNDER) EXPENDITURES
(200,650)
r
OTHER FINANCING SOURCES (USES)
Operating transfers In
50,000
TOTAL OTHER FINANCING SOURCES
r
(USES)
50,000
EXCESS (DEFICIENCY) OF REVENUES
_
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
($150650)
r
81
VARIANCE
FAVORABLE
ACTUAL (UNFAVORABLE)
$252,576
($97,424)
10,722
10,722
263,298
(86,702)
321,617
229,033
2,613
(2,613)
324,230
226,420
(60,932)
139,718
28,232
(21,768)
28,232
(21,768)
($32,700) $117949
r 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, 1997
BUDGET ACTUAL
REVENUES
Intergovernmental
$—
Interest
Q000
TOTAL REVENUES
2000,
EXPENDITURES
Capital outlay
290,000
Debt service
Interest and fiscal charges
TOTAL EXPENDITURES
290,000
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
(288,000)
OTHER FINANCING SOURCES (USES)
Operating transfers in
65,000
Operating transfers out
(45,235)
Bond proceeds
150,000
TOTAL OTHER FINANCING SOURCES
(USES)
169,765
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
($118235)
82
x-
10,421
10,421
34,755
5,108
39,863
(29,442)
20,000
(45,235)
160,000
134,765
VARIANCE
FAVORABLE
(UNFAVORABLE)
8,421
8,421
255,245
(5,108)
250,137
258,558
(45,000)
10,000
(35,000)
$105,323 $223,558
City of Cape Girardeau, Missouri
WATER IMPROVEMENT PROJECTS
SCHEDULE OF REVENUES AND EXPENDITURES —
BUDGET AND ACTUAL (BUDGET BASIS)
FROM INCEPTION AND FOR THE FISCAL YEAR ENDED JUNE 30, 1997
PROJECT PRIOR CURRENT TOTAL
BUDGET YEARS YEAR TO DATE
83
REVENUES
Interest
$700,000 $ —
$ —
$ —
TOTAL REVENUES
700,000
EXPENDITURES
Capital outlay
26,500,000 —
1,968,956
1,968,956
Debt service
Interest and fiscal charges
502
502
TOTAL EXPENDITURES
26,500,000
1,969,458
1,969,458
EXCESS (DEFICIENCY) OF REVENUES
`
OVER (UNDER) EXPENDITURES
(25,800,000)
(1,969,458)
(1,969,458)
OTHER FINANCING SOURCES (USES)
Operating transfers In
1,000,000 —
—
—
Bond proceeds
24,800,000
TOTAL OTHER FINANCING SOURCES
(USES)
25,800,000
`
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER FINANCING USES
$ — $ —
($1.969.4581
($1 969458)
83
Total liabilities and fund equity $53,40],329 $155]8954 $2022910 $424850 $84006 $71 51
,8,049 $70,596,01]
84
City of Cape Girardeau,
Missouri
ENTEHPHISE
FUNDS
COMBINING BALANCE
SHEET
June
30, 11397
(With Comparative
Totals for June 30,
1996)
Solid
Gulf
Softball
l'otals
Sewer
Water
Waste
Curse
Com
6-30-97
6 -30 -an
ASSETS
Cash and cash equivalents
$11,354
$583,569
$595,]]9
$6],414
$38,639
$1,296,755
$1)88,533
Investments
1,147,135
-
121,854
-
-
1,2611,989
1,268,989
UtllBy charges receivable (net of
allowance for doubtful receivables)
307,742
488,391
229,523
-
-
1,025,656
1,163,109
(rants receivable
90,435
275,738
-
-
-
366,1]3
291,575
Special assessments receivable
116,134
-
-
-
-
116,134
IQ,764
Intereslrecelvable
38],1]5
5,447
5,901
-
-
398,523
401,958
Other receivables
5,613
197,440
34,067
2,637
503
240,260
50,048
Imemorles
-
108,729
-
2,494
-
111223
109,211
Restricted assets
sa
Cash and cash equlvalems
23,022,171
2,091,849
15,986
-
-
25,130,006
26,626,260
Investments
510,500
49,000
80,500
-
-
640,000
2,626,864
Prepald Items
656,314
244.406
23,347
481
238
924,786
1,046,765
26,254,573
4,044,569
1,106,99
73,026
39,380
31,518,505
35,519,095
Property, plant and equipment
Lend
135,869
-
112,240
-
-
2411,109
24,109
BuRdIngs
8,156,62]
198,266
726,231
3,549
-
9,081,673
9,064,673
Iravemerds other buildings
mp
21,488,373
10,953,403
83,122
362,925
4,89
32,892,680
30,120,736
Equipment
1,146,913
65,386
1,404,518
430,231
53,844
3,693,692
3,274,665
Constudlon In progress
,46,743
1,36,124
7.8a 867
4,6813549
37,388,525
13,178,179
2,326,111
]96,]05
58,701
53,748,221
4],416,]32
Less accumulated depreciation
10,235,769
1,643,794
1,410,159
444,881
14,075
13,748,677
12,339,810
2],152,]56
11,534,385
915,953
351,824
44,626
39,999,544
35,0]6,922
Total .... ts
553.40]329
$15578954
$2022910
$424850
$84006
$71518049
$]059601]
LIABILITIES AND FUND EQUITY
Accounts payable
$574,159
$319,452
$50,842
$11,325
$18,892
$%3,670
$1,062,192
Acoued Ilabllkles
as
Selades,payroll taxes and benefits
53,605
1,352
45,354
18,372
19,090
137,773
133,230
Notes Payable
-
-
34,646
-
-
34,646
40,413
Interest payable
432,570
232.429
11,078
-
-
6]6,07]
374,789
Other llabllltes
25,172
1]5,]90
57
224
-
201,243
158,606
Due to other fund.
59,246
-
-
-
-
59,246
1,650,191
Due to other gwemments
-
114,296
-
-
-
114,296
133,3]1
Advance tam other funds
337,500
-
907,000
39,000
190,000
1,867,500
1,6]],500
Current potion of long-term debt
89,435
375,000
169,800
-
-
1,36,235
1,156,125
Long-term debt net of current potlon
w
Revenue bonds payable
29,939,205
11,091,405
-
-
-
41.030,610
40,769,810
Leasehold revenue bands payable
1,445,181
-
141,926
-
-
1,587,107
2,17),0]5
Certificates of participation
1,710,000
83,000
495,000
-
-
3,040,007
3,2110,000
Estimated landfill closure and past -closure
care cost liability
822,960
822,960
815,258
Total liabilities
35,867,073
13,144,724
2,]40,663
419,921
20,982
52400,363
53,428,]60
Fund equity
_
Contributed capital
16,739,900
1,93,546
288,585
645
31126
18,9]0,8]2
17,394,915
Retained earnings
Reservadfor debtsavice
30,000
-
-
-
-
30,000
2,333
Unreserved
770,356
495,684
(1,006,338)
4,264
14],ID2
116,884
(256.021)
r.
Total fund equity
1],540,256
2,438230
(71],]53)
4,99
143,976
19,117,686
1],167,25]
Total liabilities and fund equity $53,40],329 $155]8954 $2022910 $424850 $84006 $71 51
,8,049 $70,596,01]
84
City of Capa Skase... Miwoud
ENTERPRISE FINDS
COMBINING STATEMENT OF REVENUES, EXPENSES AND
CHANCES IN RETAINED EARNINGS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
85
SOLID
GOLF
SOFTBALL
TOi'ALS
SEWER
WATER
WASTE
COURSE
COMPLEX
1996-1997
OPERATING REVENUES
Resldentlet hinges
51,438,806
52.319,249
sl=,325
Canmerdel durpM
914,335
54.525,443
17,441
-
-
2457.189
Tunsfer daticn d+arpee
-
-
675.696
-
675,636
Egelpment Mlsa
7,971
-
7371
Cmeasww W.V.
-
-
-
74056
13,311
97,369
GO muse fees
-
-
-
399,751
-
390,751
Wow wapwaaa
_
-
-
-
45,131
0.5,131
ONar fees and charges
37,762
157,662
33,818
-
-
229,462
Other mlacalaneo0a
32.21]
9,313
_ 12.9J21
IG66
6
41,176
TOTAL OPERATING REVENUES
2,423,120
4,011_943
2,227,158
483.446
56,448
9,^04,115
OPERATING EXPENSES
Peroonnel aerv.
751,278
78.351
816.646
212,297
156255
2016,827
Matedalund Pplies
86,099
67,412
58.266
49,440
26025
287,242
Cufaaceaisevlcea
224,923
2.418.593
786.562
38,741
20,482
3,689.301
General merffihg expanses
26,737
Y45,456
40,107
49,615
12,927
270,742
Smalal V0lacfs expense
32152
-
85,T72
4,945
3,981
126,850
In46ma1..N expensea
65,QT2
2a,615
160,742
52,283
7,325
314,037
Depredation expense
795561
391,306
221,]26
57,326
],000
1472.921
....
TOTAL OPERATING EXPENSES
1,985,82'2
3.129.733
2.167,821
458,549
235,995
7,977,920
OPERATING INCOME (LOSS)
437,296
862210
59.33]
24,&97n
547)
_L226 195
NON-OPERATING REVFNUE (F7(PENSES)
interest Inman;
1,499,277
166254
53,542
2,'.'.96
99
1,721,470
Sees grates
heal
-
-
-
-
(1831
Fode"A Want,
-
-
12.356
-
-
12,358
Sea of Teed asaab
-
-
1,366
2,660
-
4,026
Companseflan fordemegoe
-
1,406
3,043
-
-
4,449
Gain on sale c4 Psetl.seats
-
_
_
_.
_
0
Issuance cost amutimdon
(661962)
(30.239)
(7,121)
-
-
(104.242)
Interest and handling coeb
JLZX.666„
(765.6611.
_ (99.`434)
121,.E
110,69]1,
12.667,6071
TOTAL NON-OPERATING REVENUE
(FT(PENSES)
(358,474)
6128,241)
(38,346)(16,070)
170,5981
11,049,]291
INCOME (LOSS) BEFORE OPERATING
TRANSFERS
78,824
253,969
22,99Y
9,827
(168,145)
176466
Operating tranafeto in
-
-
_"„_
50,000
207,500
217,100
NET INCOME ¢OSS)
78,824
253.969
22.991
18,a27
18,955
393,568
RETAINED EARNINGS (DEFICIT).
JULY 1
721,532
241,715
{1,010,329)
(ter 5431
(165.067)
(227,682)
PRIOR PERIOD ADJUSTMENT
�..._
{19 C00}
__^
(190m)
RETAINED EARNINGS (DEFICfT),
324E3D
5600358
$495684
_45400633ej
$4.284
{St47 i0Z}
51�
85
CM or Cepe c9«oeeu, Mlaeourl
ENTERPRISE FUNDS
COMBINING STATEMENT OF CASH FLOWS
FOR INE FISCAL YEAR ENDED JUNE W. 1997
SEI EB
WATER
SOD)
WASTE
CASH FLOWS FROM OPERATING ACDNDES:
SOFTBALL
COMM FY
Op fing IncooN(loss)
607.290
Mjudmeds To mmoclle operMln9 Income to
559.337
Mesh prm4d.6 Ma Iingectivil '
i
DN chdflon
295.561
CMM1 op«.6n9,m. �A
nI ]26
CIA'. In esnN Mq eelMNev:
7,600
c&sc ..e In... N.ene6x
(I"
prcmm) aecmme N in.m Y
12,350
pllv®MI esl�Inp Id nem.
-
I.. Insawrnl.9e,We
14260
I..s (aewaase) lo.m IlHllmv
60.50
I..e Itl«lee•eJ blenall poen u. mn curs
(563)
NET CASH P;rmMED IF! (USED IF4 OPETNIWO
-
AClBTBEB
-
CASH FLOWS FROM NONCAPITAL ITNANCING ACTATTES:
-
Opentln9 mortem M h«o o luM
9,90
NET CASH PROVIDED Be (USER Ito BY NONCAPITAL
1T. 1
FNANCNO ACRYTRES
(147)
23.693
(13.001)
CASH FLOWS FROM CAPITAL AHO RELATED FINANCING
145959
ACTVITES:
14.992
Pm 1. O.reloper.
1922.319)
PM.kal .IEonlmenuvE cks
R.12J)
PNcp.l p.M on lmm purcleve 6«em
5.460
Prl..0I,Ia. COP
PIIm"I PItl on SHE
7,762
Prock.1 pld.., Ian 6 not. payed. on 0M
ti
IrRrtN pNtl on o«pe and aollge6ane
pn« 1. u,w'.. � from«her,o-n-ts
Pu .. d Nva me,0
pnm loom COP Won-
321,518
hnm Beledme«v
�
Contp
Comprm9al Mr Jnapm
150796
NET CASH PROVIDED RF (USED Ip CARTAL AND
RELATED FINANCING ACTNTIES
CASH FLOWS FROM INVESTING ACTIVITIES:
PUNeee d 4nmerv�N
Pmofetle 6om vele of lm'eHmelRv
IM«e+m Y.evlmmib
Z)7,100
Ov«nlpeld«eN
�
Im«ml messeembd.
NET CASH PR RFDM FIY (USED IN) INVESTING
ACTIVITIES
INCREASE (DECREASE) N CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS, JULY 1
217,160
CASHANOCASHEQUIVARETTS, JUNE30
SEI EB
WATER
SOD)
WASTE
CALF
COURSE
SOFTBALL
COMM FY
TOTALS
IM -11@7
607.290
5862210
559.337
S24,097
4In517)
sl2 .195
295.561
Jnl."
nI ]26
57,329
7,600
1,472921
(I"
-
12,350
-
-
12,125
14260
P9spW1
60.50
9.om
(563)
(119.710)
-
(1,610)
-
002)
-
PA12)
9,90
(3.141)
1T. 1
-
(147)
23.693
(13.001)
Po,9947
145959
(3515)
14.992
fal"
1922.319)
63.957
R.12J)
11,902)
5.460
(35).X77)
7,762
7.702
321,518
111e620
y733
74,364
150796
1.fi924fl5
1�000
Z)7,100
217.4W
10,600
217,160
217,1W
136,5.7
_
_
_
_
Im.W)
195,000)
955.ouo)
_
_
_
PRO.")
Nv542)
-
(136.se3)
_
_
pm.I25)
11W,Wo)
-
O0.000)
-
-
1140.000)
(32.000)
-
_
_
_
62.000)
-
04,14)
(5.767)
-
-
H9.wl)
(760.574)
(723002)
(100,715)
91.026)
(10,607)
(1616,021)
255.539
4 ,.73
-
-
741.009
0.493.591)
(907247)
923910)
62477)
(7.065)
15.601260)
2430
7615
-
9.925
1,460
3.011
4.N9
(5.590.651)
t 012,489
N95.fi02)
(65,W)11
7,762)
(7.612.364)
664,166
1,122.696
-
-
-
1,906664
1,459,072
97.679
21664
-
-
1,577,615
24,"
76,915
33.4s2
2.
99
139.600
10,699
to,W6
2.356.562
1299,492
54.316
2.96
W
3,714,767
P.910,571)
973.631
(110.553)
9.622
36.609
26.944,096
1.701.762
722.319_
46.592
N,414,IW
tas, 3, 25
52675,_415
5611 ]65
X414
M639
526426.761
91
City of Cuuu Glruda9u, Missouri
SEWER FUND
SCHEDULE OF REVENUES AND EXPENSES—
BUDGET AND ACTUAL (BUDGET BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
87
VARIANCE
FAVORABLE
BUDGET
ACTUAL
_(UNFAVORABLE)
OPERATING REVENUES
Redden6al clurpes
$1,465,000
$1,436,606
($26,194)
CommerddcMrgee
9W,000
914,335
(45,665)
Otherleseandcharges
35,000
37,762
2,762
Othermlecelleneous
37,393
32$17
(5,176)
TOTAL OPERATING REVENUES
2,497,393
2,423,13!
(74,273)
OPERATING EJ(PENSES
Personnel.,A...
752.591
7517/8
1,313
Met."..nd suUgliee
98,610
89989
9x1
CONncluel.em...
221,743
224,784
(3,041)
GeneN opem6np expeneee
35,386
28,737
6,619
Sp Ial p J.de expense
35,700
3,401
32,299
Internal service expense
126,545
65,072
61,473
Capital0otlay
14$67,015
3,641,763
10,625,252
TOTAL OPERATING EXPENSES
15537,790
4,805,024
10,732,766
OPERATING INCOME (LOSS)
(13,010,397)
(2.381 ,904)
19659493
NON—OPERATING REVENUE (EXPENSES)
Int ... 9 Income
678,750
1,499,277
631,527
518N grams
125,000
(163)
1125,183)
Federal prams
200.000
255.536
55,538
Impedleee
209000
138,520
(61,480)
Principal payment.
(/30,542)
(730,542)
—
Intered and handling code
(385,102)
(731590)
(346,486)
TOTAL NON—OPERATING REVENUE (EXPENSES)
288,106
431,016
142,912
NET INCOME (LOSS)
(312752$91)
ts1,950.606)
510,001,405
87
City of Cape Girardeau, Missouri
WATER FUND
SCHEDULE OF REVENUES AND EXPENSES—
BUDGET AND ACTUAL (BUDGET BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET
ACTUAL
(UNFAVORABLE)
OPERATING REVENUES
RaaldenWl chargee
$2,410,000
$2,319,99
($90,701)
Commerclelcherges
1.690,069
1,525,443
(74,557)
Other fees and chargee
157,500
157,882
382
Othermleoelleneou.
5,000
9,318
4,319
TOTAL OPERATING REVENUES
4,172,500
4,011,943
(1W,557)
OPERATING EXPENSES
Personnel service.
80,660
78,351
2,309
Materials and supplies
74,538
65,707
8,831
Contractual services
2,690,995
2,414,672
276,323
Gen. d oieemgng expense.
15,642
145,456
5,186
Internal service expense
20,335
28,615
((8,280)
Capital outlay
1,070,638
1,696,091
64547
TOTAL OPERATING EXPENSES
4,W7,8W
3,738,892
348,916
OPERATING INCOME (LOSS)
84,692
273,051
186,359
NON—OPERATING REVENUE (EXPENSES)
Intend income
97,500
166,254
68,754
Federal grant.
—
447,830
447,830
Compensation in, damages
—
1,406
1,406
Principal paymerrts
(299,125)
(299,114)
11
Interest and handling costs
(723,075)
(728,028)
L4,953)
TOTAL NON—OPERATING REVENUE (EXPENSES)
(924,700)
)411 A52)
513,048
NET INCOME (LOSS)
($840008)
151386011
$701.407
89
City of Cape Glradeau,
Missouri
SOLID WASTE FUND
SCHEDULE OF REVENUES AND
EXPENSES-
BUDGET AND ACTUAL (BUDGET
BASIS)
FOR THE FISCAL YEAR ENDED JUNE W. 1997
VARIANCE
FAVORABLE
BUDGET
ACTUAL
(UNFAVORABLE)
OPERATING REVENUES
R.ddentbl chargee
$1$61,W0
S1b02.3!i
($59,175)
Commercial chargee
30,000
17,411
(12,589)
Transfer station charges
628.000
675,636
(152,364)
Olhxfee..adaherpea
35,000
33,818
(1,182)
Other miscellaneous
2,500
(2,032)
(4,532)
TOTAL OPERATING REVENUES
2457,000
2,227,158
(229,642)
se
OPERATING EXPENSES
Personnel servicee
81
89,129
52,116
Materiels and supplies
61,310
59$56
2,052
Corsnctuel eam...
908,319
792,786
115,533
General operating expenses
59,618
41,607
18211
Special pmleas emense
50,000
50,546
(546)
Internal seMce emensa
20,335
160,742
43593
C.Pfial outlay
485,400
164,188
321,212
TOTAL OPERATING EXPENSES
2,650,49
2,098,256
552,173
OPERATING INCOME (LOSS)
(193,429)
128,902
322,331
NON-OPERATING REVENUE (EXPENSES)
Interest Income
19$00
53,542
34,042
Federal Brants
-
12,358
12,356
Compensation for damages
-
3,643
3,043
Sale of Porad asset.
-
1,366
1,366
Principal payments
(170,600)
Q70,583)
17
Interest and handling costs
(97,350)
(t01,418)
(4,068)
TOTAL NON-OPERATING REVENUE (EXPENSES) (248,450)
(201,692)
46,758
a
NET INCOME (LOSS)
($441 879)
($72790)
$369,059
89
City of CWe Glrwdoau, Missouri
GOLF COURSE FUND
SCHEDULE OF REVENUES AND EXPENSES—
BUDGET AND ACTUAL (BUDGET BASIS)
FOR THE FISCAL YEAR ENDED JUNE W, 1997
E $24,669
VARIANCE
FAVORABLE
ACTUAL
BUDGET
$7,971
OPERATING REVENUES
74,958
10A58
EQulpmert soles
$19,OW
1,666
Concesslon mvenuw
64,0W
381146
Goll course fees
371,3W
48,648
Othermlwelleneoue
38,741
565
TOTAL OPERATING REVENUES
445,3W
4,945
OPERATING EXPENSES
52283
(3,983)
Perwnnsl wMces
22.479
_ 453,475
Mat.M. end supplies
48278
61.239
Cortradual wMcee
39,306
2,660
General operating expenses
53,155
(1,528)
Special pro)ada egxnw
6,200
13,901
Internal s . expense
48,3W
(40,000)
Capital outlet'
60,850
TOTAL OPERATING EXPENSES
476,568
OPERATING INCOME (LOSS)
(31,268)
,w
NON—OPERATING REVENUE (EXPENSES)
Interest income
—
5a10 of Axed assets
—
Interest and hendllnD costs
R 9.5m)
r
TOTAL NON—OPERATING REVENUE (EXPENSES)
(19,SW)
INCOME (LOSS) BEFORE OPERATING
TRANSFERS
(50,768)
Opo afl,trenefen In
5.000
NET INCOME (LOSS)
($768)
90
E $24,669
VARIANCE
FAVORABLE
ACTUAL
(UNFAVORABLE)
$7,971
($2,029)
74,958
10A58
399,751
28,451
1,666
11666
463,446
381146
212,297
6,182
48,648
(370)
38,741
565
43,985
9,170
4,945
1,255
52283
(3,983)
52576
8,04
_ 453,475
23,093
29,971
61.239
2,98
2,298
2,660
2,660
(21,028)
(1,528)
(16,070)
3,430
13,901
6/,669
10,000
(40,000)
E $24,669
91
City of Caper Glrnnfaau, Missouri
SOFTBALL COMPLEX
FUND
SCHEDULE OF REVENUES AND EXPENSES—
BUDGET AND ACTUAL (BUDGET
BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
BUDGET
ACTUAL
(UNFAVORABLE)
OPERATING REVENUES
Equipment sale.
$1,000
$ —
($1,000)
Concession swam..
40,000
13,311
86,689)
Softball complex fees
82,000
45,131
(36,869)
Other miscellaneous
6
6
TOTAL OPERATING REVENUES
123,000
58,448
(64,552)
OPERATING EXPENSES
Personnel seMces
16,011
158,255
7,756
Meterkleend..Mile.
22,1 9,
24265
8,073)
Contractual service a
22,186
20,092
2,104
General operating expenses
31,386
12,927
18,459
Special Projects expense
7,500
3,981
3,519
Internal service expense
4,125
7,325
(3,200)
Capital 0utlay
5,400
7,965
(1,665)
TOTAL OPERATING EXPENSES
258,800
233,900
24,900
OPERATING INCOME (LOSS)
(135,800)
(175,452)
(39.652)
NON—OPERATING REVENUE (EXPENSES)
Interest Income
—
99
99
Interest and handling costs
(6,750)
(10,697)
)1,907)
TOTAL NON—OPERATING REVENUE (EXPENSES) (8,750)
(10,598)
(I846)
INCOME (LOSS) BEFORE OPERATING
TRANSFERS
(144,550)
(186,050)
(41,500)
Operating transform in
145,500
207,100
61,600
NET INCOME (LOSS)
$950
$21,()50
$20.100
91
r
r
City of Cape Girwcoau, Missolrl
INTERNAL
SI]IVICE MNIXi
COWININO DN_ANCE St
LET
June W. 1897
(Wfli Comparal1w
Totals to .fune 30, 1 9
err
Employe..'
Data
Fleet
Fringe
Risk
Equipment
Totals
Rocessing
Monanumont
Benefit
Management
Replacement
6-30-97
6-30-80
ASSETS
Lash and cash equisalems
$290,196
$103,468
$1,945,cm
$1,120,960
$88,661
$2,648,880
$2,174,278
r
Imashnants
-
-
-
180,963
-
180,963
2)9,952
Interestreoesable
-
-
-
1,538
-
1,538
31600
Other receivables
176
10,061
1,144
2,802
-
14,183
105,321
yrvenmdes
-
8,014
-
-
-
8,014
9,465
r
Restkted losses
Cash and cash equivalents
423,293
-
-
-
363,484
706,]]7
-
Prepeldltems
19,853
1,602
551166
12,493
69,114
72,291
733,520
123,145
1,046,744
1,361,429
461,631
3,729,469
2,644,9,47
Property, plant and equipment
Lead
-
37,500
-
-
-
37,500
37,500
Buildings
-
421,178
-
-
-
421,178
416,109
Imp-Owments Otho buildings
-
104,903
-
-
-
104,903
27,206
F,qupm.M
1,097,266
220,421
-
-
196,8871,522,434
1,255,590
ConstruMon In pugess
-
6134fi
61346
77,697
r
1,097,206
798.348
-
-
196,607
2,092,361
1,814,102
Less accurnoated depreciation
73,767
357,379
44,367
1,132,513
935,151
366,439
440,969
152,440
959,848
678,951
Toted suets
$1.099.959
A561114
$LO46]44
$1.361.429
E61 ].W1
E4.689317
$3523858
L NB LIFRES ANO 9JNO EQIITY
Accolxrts payable
$7,620
$69,508
$11ki'KI
$2 B,683
$923
$472,125
$565,448
Acauad llabllNas
Salarles.payroll tastes and benefits
1,839
24,840
-
-
-
2,679
28,504
ytlersst Payable
1,724
14
-
-
I'm
3,511
-
Odw liabilities
-
50
-
-
-
50
5,498
Out to other gosammems
-
2,8.51
-
-
-
2,651
-
Ctrtent ponan of long-term debt
55,000
-
-
-
55,000
110,000
-
ess
Long-term debt net of corent potion
CeUBcetes of parecilastlan
379,589
3&9,325
76,914
Total lleblllies
445,772
97,263
165,391
220,683
447,021
1,364,130
599,49)
Retained earnings
Lireserved
654,187
466,851
681,353
1,132,746
170,050
3,305,187
2,924,408
Total load aq.Ity
65,187
466,851
881,353
1,132,746
170,050
3,305,167
2,924,408
Total l leb111tlas and fund equity
$1099959
_$564l 14
$1046744
$1361429
$617071
$4689317
$3,523656
92
CRY Of CSRe Glrwdwu, MIS Bowl
INTERNAL SE.CE FUNDS
CONFINING STATEMENT OF REVENUES, EISPENSES AND
GRANGES IN RETAINED EARNINGS
r FOR TIRE FISCAL YEAR ENDED JUNE W. 1D37
93
EMPLOYEES'
DATA
FLEET
FRINGE
RISK
EQUIPMENT
TOTALS
PRONG
MANAGEMENT
BENEFIT
MANAGEMENT
RFN ACEMFNT
IBES -1891
OPERATING REVENUES
11Se10epNlmerlml semcaa
5267,01
8x3,720
8$81188
5179,163
552,399
52,7%.569
DOW mme16MWe
91"
25
225
-
-
9'_551
TOTAL OPE/ATNO REVENUM
276.361
]03,]16
1'2`815`1 11
379.1W
52389
2,766,1X)
OPERATING EXPENSES
PmwmN eTNCee
S9,6L0
378.918
TUTOR
58g.36p
Metmweem euTptlee
53%
235104
-
-
-
24650
cmNecpnlwmcee
66.565
040,
1=,516
250,963
-
1,102259
GenNN
us
1)39
-
1.690
-
7,475
Imemd eaNmm .rSwB
-
2.0R
-
-
-
2,011
Depec660n wmlee
118159
31.712
15516
199,511
TOTAL OPERATING E%PE14SEB
255,650
798.928
1.169.35/
255788
16.516
'2�1�38-
r
OPERATING INCOME ILOSS)
20]11
(f,1W)
95,151
123]13
5,853
211.%1
NON-OPERATING REVENUES (pNENSES)
IrvWN!force
13.475
2,112
61,094
69.93f
716
115131
COmpeluLLbn 1p Glmepe
2.780
3,770
6.560
lewelce.O.I..Wtr60Oe
R56I
-
-
-
(253)
�)
ImelealNp ne11Gl41a coeb
(1618)
(IM)
_
_
(3.661)
P.3e21
TOTAL NOM-WERATINO REVENUES
(WEIISES)
11391
2.612
61`5
_W 9-14
2569
1�etO
INCOME QOSS) W FORE OPERATING
TRANSFERS
35,102
(1,169)
157.616
193117
5152
392.661
Opsebq "re. In
181.598
161.596
OpaelYq YenpOR ON1(
13.SN)1(
733FG)
NET INCOME Q_OSS)
35,102
(1,168)
(16.152)
193,217
170.050
389779
RETNNEDEARNINGS (DDRCrr),
JULY 1
619.055
166019
sv,�
939,199
-
292,100
_
RETNNEDFAn,mBCS pFACII),
JUNE W
5654,187
5468.851
5661.359
$1,132,716
$170.050
S3 187
93
94
ON.C.P. DIn•
NTEIMKSEINCE
.uran
FMM
C UMNNDOTATE ENT C CASHFLCVS
FOP THE
FL4,µ YFM
ENUEp.UNE R tw]
EYPI.
.TA
FIEEi
FNNC£
q61(EDIIPYENI
TpiNB
PrLrF�c..a
�m��.j y.N
�.'NFFD_
M9tlM�sfftR
S PLA' MENLI®t-1wL
CASH FLOW9 FIYlY p£MTN[i ACTNRI®:
f
CPN•IMp l�mm•(IwH
520.]11
(53.1
585,15.
512J,313
6.P81
SZtl1,N11
AQut��b b �.dle gaetlne Ilmmeb
rel m.nP�•d YS OP•ntlne•.UN11m
Oaq lelbl
tIB,2d]
3.,]13
-
-
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f1WA11
L In•WeanOYdln4[
pma®I eeP•••+hnn rc4wd•
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-
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ft,A51
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(42,M
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es
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ait�)
N=T CASH EAO MD IW OI M OPNIATINO
♦CHWTIES
t3o,ffA
TI N6
IN,e)o
0,369
W..
MI,475
GASH FLOW S FNOY NONWITAL FINANCING AC'NMIES:
Lts•tlryb•M•n oulboew lun6
-
-
H13588I
-
I.l..
I311�
MU CASH PROVIDED DY (UWD IN) NONCAPNA
FNANCNGACSWITEB
-
-
11]3�/JI
-
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CASH FLOWSF C TK AND HH)FNAICNO
ACMITIM.
RYdPI Pleon•nxwben A.,,b%— h.
-
Hen
hb•llwa PlpMs4la OdlPtlm.
-
IFA)
-
-
tie
3z
Pu nw ofnree Aer•
(ll.wt)
M,1)1)
-
-
a13wR
C
r
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4a,31
-
-
-
.3i,5"
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&v,N]
P[ved M1Om mYalu••h
IS,PI
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ConP^.[lbn bo[my�
�]0
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-
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NET CA^.H N1ONL® IW OBEO M C Tx Ma
IEIAWD FN CNOAC: NRF9
�I _pE9
WW2
SSR.
CASH mms FEgY INVESTING ACTMT"
W tus ollmaMrunb
Rtt'eebfrom Wollmasinwlb
w,
-
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hw•f on Ynmlrrenn
13,M3el
12,301
Dnmhn hbn•
1175
_11313
e1.oW
X015
)tB
10813
NET fA91E R MN M ABED IN) INVESTING
ACTNHE
1�,475
_I12
9+.w.
im.
71e
20,1.
INMEASE (DEMIEASE) IN CASH AND CASH EOIIVAIENTS 513,.1
8.853
19281
2M.MI
IW,1JB
12 on
CASH MD CASH EOONAJ8IT5, J T1
lw.ft
0,515
1p27,33e
M,5"
3,111$]0
CASH MD CASH EWNAL M.&WE]e
1113,1.1
51 10
tlw ®3
H�1m
V..]
_f1..5,WJ
94
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, 197
41
VARIANCE
FAVORABLE
BUDGET
ACTUAL
UNFAVORABLE)
OPERATING REVENUES
InlerdepeNnentel wMcee
$290,008
227.061
(522,9391
Other miscellaneous
9,300
$9,300
TOTAL OPERATING REVENUES
290,000
278,361
(13,839)
OPERATING EXPENSES
Parscnnel wMce.
6,497
59AM
8,67
Material. and suppli..
6,515
8)99
(2,2B4)
Contractual wMces
72,770
68$65
4,215
General operating expense.
2,424
5,341
(2,917)
Capkel outlay
255,000
31 A40
223,160
TOTAL OPERATING EXPENSES
405,206
174,145
231,061
OPERATING INCOME (LOSS)
(115,20(1)
102,216
217,422
NON—OPERATING REVENUE (EXPENSES)
Interest Income
—
13,475
13,475
Compensation for damages
—
2,790
2790
Bond proceeds
—
435,000
435,000
I..uence costs
—1c
2723)
(12723)
TOTAL NON—OPERATING REVENUE (EXPENSES)
43,542
438,542
NET INCOME (LOSS)
($115,206)
$540758
$655.964
41
City of Cape Girardeau, Missouri
FLEET MANAGEMENT FUND
SCHEDULE OF REVENUES AND EXPENSES—
BUDGET AND ACTUAL (BUDGET BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30, 1991
96
VARIANCE
FAVORABLE
BUDGET
ACTUAL
(UNFAVORABLE)
OPERATING REVENUES
Intard"unn natal eeMcae
$893,000
$793,720
($99,280)
Othermiscelleneous
26
26
TOTAL OPERATING REVENUES
693,000
793,746
FJ9,254)
a.
OPERATING EXPENSES
Personnel eeMoee
427,360
379,919
47,461
Metarlalsand supplee
271,335
239,354
31,981
Corimctual seMces
145,133
141,712
3,421
General operetln9 expenses
2,904
1,739
1,165
Intamal saints expense
3,545
2,014
1,501
Capital outlay
42,500
32,022
10,478
TOTAL OPERATING EXPENSES
892,797
796,790
96,007
OPERATING INCOME (LOSS)
203
(3044)
(3247)
NON—OPERATING REVENUE (EXPENSES)
Interest income
—
2,112
2,112
Pdndpal payments
—
(407)
(407)
Interest end Mndlirg coats
—
(1no)
D WI
TOTAL NON—OPERATING REVENUE(EXPENSES)
—
1,W5
1,W5
NET INCOME (LOSS)
5203
($1,439)
61.6421
96
VARIANCE
FAVORABLE
(UNFAVORABLE)
$299,373
225
299,598
(44,457)
(241,353(
(285,810)
13,788
21.894
21,894
35,682
$35.682
City of Cope Olrmduou,
Missouri
EMPLOYEES' FRINGE BENEFIT
FUND
SCHEDULE OF REVENUES AND EXPENSES—
BUDGET AND ACTUAL (BUDGET
BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
BUDGET
ACTUAL
OPERATING REVENUES
InterdepaNnentel seMcee
$964,913
$1 p64,286
Other mlseelbneoue
225
TOTAL OPERATING REVENUES
964,913
1,264,511
_
OPERATING EXPENSES
Personnel wMcae
102,384
146,841
Coitr,ctual seMcee
781,163
1,(#2,516
r
TOTAL OPERATING EXPENSES
883,547
1,16935]
OPERATING INCOME (LOSS)
81,366
95,154
NON—OPERATING REVENUE (EXPENSES)
Interest Income
40,000
61,094
TOTAL NON—OPERATING REVENUE (EXPENSES) 40,000
61,894
INCOME (LOSS) BEFORE OPERATING
TRANSFERS
121,366
19,048
Operslirg transfer, out
(173,500)
(173500)
NET INCOME (LOSS)
1$52.1341
($16.452)
r
97
VARIANCE
FAVORABLE
(UNFAVORABLE)
$299,373
225
299,598
(44,457)
(241,353(
(285,810)
13,788
21.894
21,894
35,682
$35.682
City of Cape Glrwdoau, Missouri
RISK MANAGEMENT FUND
SCHEOULE OF REVENUES AND EXPENSES—
BUDGET AND ACTUAL (BUDGET BASIS)
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
ACTUAL
BUDGET
$379,103
($10,332)
OPERATING REVENUES
(10,332)
250,900
Interdepeltrnentel services
$389,435
(4,890)
TOTAL OPERATING REVENUES
389,435
123,313
OPERATING EXPENSES
69,934
44,934
Contracluel saNcas
1,115,000
$193247
General operating ezpeneee
—
TOTAL OPERATING EXPENSES
1,115,000
OPERATING INCOME (LOSS)
(]25,565)
NON—OPERATING REVENUE (EXPENSES)
Interest Income
25,000
TOTAL NON—OPERATING REVENUE (EXPENSES)
25,000
NET INCOME (LOSS)
15]00565)
y8
VARIANCE
FAVORABLE
ACTUAL
(UNFAVORABLE)
$379,103
($10,332)
3]9,103
(10,332)
250,900
864,100
4,890
(4,890)
2M,790
859,210
123,313
848,878
69,934
44,934
69,934
44,934
$193247
$893,812
99
City of Caps Otr:u c;oau,
MleseuH
EQUIPMENT RI-I'MCEMENT FUND
w
SCHEDULE OF REVENUES AND EXPENSES -
DODGE] AND AQTUAL (RUDOET
BASIS)
FOR THE FISCAL YUR ENDED JUNE 30, 1997
VARIANCE
FAVORABLE
WUGEI
ACTUAL
(UNFAVORABLE)
OPERATING REVENUES
Inteed.p.lDnental .anioa.
5329.323
352,39i'?
Jj58:2{I
�
TOTAL OPERATING REVENUES
_12&323
52,399
ns,924
OPERATING EXPENSES
C:ap9alOWay
010.350
_ 213,997
- 596,353
TOTAL OPERATING EXPENSES
_ 610,359
_ 213,997
598,353
i
OPERATING INCOME (LOSS)
6102J)_
{1615911
Si9A29
NON-OPERATING REVENUE (EXPENSESI
IMemi lneome
-
7716
716
At.
COmp.mallon for dam0R85
-
3,TItl
3,no
umdpirmseG5
69&506
445,W0
(247,5W)
InlemLL end handling coat.
(116,500)
-
118,500
L.Uann wet.
_(103
(13430f066
rr
TOTAL NON—OPERATING REVENUE (EXPENSES)563,650
`436_656
(121594
INCOME (LOSS) BEFORE OPERATING
TRANSFERS
(117,377)
274.458
391,835
Cpera9ng nnslor,l
_117,377
161596
_ 44,221
NET INCOME (LOSS)
_ E _
X9,36_ p56
436056
w
99
100
City of Cape Girardeau, Mitsoud
AGENCYFUNDS
COMBINING BAUNCE SHEET
June W. 1997
(With Comparative Totals for June 30, 1996)
Park
Arena Deferred
Development
Totals
Ubrary
Improvement Compensation
Foundetlon
6-30-97
a-30-98
ASSETS
Cash and cash equNeiente
S395,339
$20,495 $ -
§59,947
3475,761
5498,905
ImesMenN
-
- 2,105,065
-
2,105,065
1,598,987
Rece"bles, net of allowances for
doubtful rmelvablee
Real eget. tax
15,473
- -
-
15,473
16,256
Personal property test
3,962
- -
-
3,962
2,825
Other moolvables
102
102
7,804
Total wets
$414,876
$2,495 §2105085§59�Q
$2,60,383
$2,124777
UABIUTIES
Accounts payable
$9,446
3- $-
$-
$9,446
$W,251
Aoomed IIabllNes
Bated., payroll taxa. and benefac
9,323
— —
—
9,323
10,620
Other llebllifl.
396,10]
20,495 —
59,97
76,549
419,919
Advance from other funds
—
— —
—
—
75,000
Deferred compensation due emptoyaes
2,105,065
2,105,065
1,59,987
Total liabilities
$414,876
320.495 §2,105,065
E
52.600,383
$2.12/777
100
CBYol4epe a—deeu. nle.oud
m.m
Co INwa RTA) WWOFCHANCESINASSETSANDLIA LmER
04.7x]
ALL AGENCY FONDS
FOR THE EIOGLTEAR ENOEO LNE S0. 1807
P-1
Alone MeneE
0.wl,-d
Llb 1 1 e�—..d Caw
rounaeual Tom
A99E1H
2,804
Cash _df mob..Ndxl.
ei«Imenb
Acebebr, nd of I—c«1x
cl-Mul recolu be
Raw....
Rdsmd PWmry ml
OBw lacaNNr
T"«Me At Jet, 1.1008
AedWom
CM end —4 ..N..
Rec"blo
., notwenm.
dello
cl-Wul
b
"
..l«eNWb.
A b W
Alemel POM11Y lea
ouw a«dvebb.
Ceeb end mob.,Nebnb
Iweetmenh
N%ehabb, nM delonenu Iv
dalN ".lN1Ene
R,W nom
RopellYna
0.rr.Nvebbe
CM end mb..N..
Iw.ebronb
,
d-b.l. nd dJwrenc« In
Reales wNvmb.
Reales...
m
p«eneel PmerlY.e
ONer receNWbe
T.. as. al Jun. ]0. 1001
LMWIMN
eM«c... Jdv 1 I m
Acade. PYebb
.Creed 1.....
Seam, canal I.w and bmebb
Cmx I.b81b.
A...
bom Ma Md.
pbrmd wmpee. on due emple3ee.
T.I. RB a JuIY 1, 1811
Addm..
Accmecl Accweb Ilda.
SNII«, pYlNl lid3 Hld bfBmY
AA ce
Aemnee rtomom ansa b edls
d
a
D.brmmmven..nm os emvlorm«
Tatledd.e-
DoledmL
Accum.mpbb
aehalu. peydod.«. eed bendh
Mx.blly.
A. -nam Mer Mde
u rmdmmvee.eumdueemvio5ses
T. delMiw.
S,ueves . n88
1)
A..e,Seed. PYeb. '
erlle flit. v. nd Oenma
Ad .-h✓m
Adxnce nom Mer bods
.—d wmv.e«6w ane CmvloYe..
Tut 1114.11... Juin m, 166)
.98250
m.m
e-
04.7x]
1
W
t 7
,me,ofi
1e250
-
-
-
10259
2,804
2,804
"MI.
,n2
it m e)
iB] 1
t31
{Bt9,6y
{33,311
{-
{BT wI
{)St,WI
om6]e
-
ode A)6
470.050
4.,M
111.77
m
-
w
n2]61`m
X09
ywt
P.P.{I
ee2]se]
6x7,111
i-
9lzaan
am.ns
tro,61B
1W,BtB
511
...7
µ)1,)01
2,111,113
-
i.l 11.11!
15173
tp1
-
102
14679
E20—
1W085
FSB B4)
QBW]At
1N¢51
f-
t-
t-
iAR31
mtp
.7)
21sT,
-
.72.
418.018
RApoo
-
-
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1,580¢])
1.560.69)
HIS _115
.n2
111.187
se)S T
f2 fy41
f25f,511
#7,112
i-
f302m
f]O1 X10
x]46]4
-
-
-
2]404
411.]8]
2Bpz)
-
120)6
571,2]]
602
AWB
W0,078
M2.
81$73P
VeA..
.71,1I
i-
630311
p13.n4
2]5..71
],82,534
]I A.
-
1.All
47.,9v1
fel�M
X810
6-
il�l91
SI Ism 19
{fi A4!
6-
t-
6-
EBA49
6.]YJ
x,10)07
40.065
-
BB047
4I9$K
-
��m3
21yM`N5
WB`>
X6'1
101
r City of Cape Girardeau, Missouri
SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE
June 30, 1997
GENERAL FIXED ASSETS
Land
$2,073,938
Buildings
8,867,406
Improvements other than buildings
4,527,283
Machinery and equipment
1,555,874
Contruction in progress
5,208
TOTAL GENERAL FIXED ASSETS
$17 029 709
INVESTMENT IN GENERAL FIXED ASSETS BY SOURCE
General fund
$4,008,487
Special revenue funds
10,588,676
Capital projects funds
2,432,546
TOTAL INVESTMENT IN GENERAL FIXED ASSETS
J17,0 29,709
102
City of Cape Guards.., Missouri
103
SCHEDULE OF GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY
June 30, 1997
se
Improvements
Machinery
Construction
Other Then
and
In
Function and Activity
Land
Buildings
B.ildings
Eguipmont
Progress
Total
ADMINISTRATIVE SERVICES
Human msources
f-
E-
E-
$1,169
$-
$1,169
City manager
200,000
111,618
-
2,333
-
313,951
City attorney
-
-
-
1,160
-
1,180
Intardepadmental
67,340
-
32,190
23,266
-
122,798
Fin...
-
-
-
1,135
-
1,135
CVB
-
-
-
6,253
-
6,253
Airport
354,649
181,044
3,856,430
232,048
4,624,171
ass
TOTAL ADMINISTRATIVE SERVICES
621,989
292,662
3,868,620
267,386
50]0,65]
DEVELOPMENT SERVICES
Planning services
-
-
-
5,232
-
5,232
Inspection services
-
-
-
-
-
0
Community information program
-
-
-
1,307
-
1,307
Engieering..Mona
44,337
44,337
as
TOTAL DEVELOPMENT SERVICES
50,876
50,876
PARKS AND RECREATION
Park maintenance
855,238
192,704
-
105,786
-
1,153,728
ass
Arena maintenance
-
-
-
22,620
-
22,620
Recreation
-
-
-
364
-
364
Cemetery
4,120
4,544
-
28,567
-
37,231
Central pool
-
625,057
2.226
4,049
-
631.332
C.paha pool
-
-
6,178
-
-
6,08
Osage Community Centre
-
2,744,610
-
45,036
-
2,789,646
Softball Comple,
2,476,058
6,]6]
2,482,825
TOTAL PARKS AND RECREATION
859,358
6,042,973
8,404
213,189
7,123,924
PUBLIC SAFETY
Mlnlclpal crud
-
-
-
441
-
441
Health
-
-
-
15,286
-
15,286
Police
17,500
237,500
1,686
8],1]4
-
343,860
Fire
210,950
841,410
8,237
550,989
1,611,586
TOTAL PUBLIC SAFETY
228,450
1,0]8,910
9,923
653,890
1,9]1,1]3
PUBLIC WORKS
Street
-
-
-
278,964
-
278,964
Stormweter
91,569
91,569
as
TOTAL PUBLIC WORKS
370,533
370.533
CAPITAL OUTLAY
General capital Improvements
10,000
1,413,972
551,235
-
5,208
1,980,415
as
Park Improvements
354,141
36,889
69,101
462,131
TOTAL CAPITAL OUTLAY
364,141
1,452,861
620,336
5,208
2.442.546
`
TOTAL GENERAL FIXED ASSETS
$2,073,938
$6 86] 406
$4,527,283
$1,555,874
$5,208
$17,029,709
103
104
City of Cape Kdrwiloau, Missoxrl
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY
FOR
THE FISCAL YEAR ENDED JUNE M. 1 MY
Genera] Feed
General Rred
Assets
Depre.ImM
Assets
Func on and Activity
June 30 1996 Add9ona Deduclims
EES
June 30, 1997
ADMINISTRATIVE SERVICES
a
FUmen resort..
E-
SI,385 E-
$216
$1,169
City manager
324,505
- -
10,554
313,951
City eOOneY
-
1,452 -
272
1,180
IMardapadmentel
95,119
32,]35 -
5,058
122,798
Flrence
1,426
- -
291
1,135
CVB
4,265
2,983 -
995
6,253
Mrpw
2,205543
2,589,6]]
172,049
4.624,171
TOTAL ADMINISTRATIVE SERVICES
2,631,858
2,628,232
189,433
5,0]0,65]
_
DEVELOPMENT SERVICES
PIBMhg seMWB
7,127
- -
1,695
5232
lupecibn aervl.e
917
- -
917
0
Commvlity lMomellon saNce
-
1,400 -
93
1,307
Engineedn9..M.c .
53,129
1,480
10272
44,337
TOTAL DEVELOPMENT SERVICES
61,173
2,860
13,1]7
50,876
r
PARKS AND RECREATION
Pak malmarance
1,204,493
8,930 2.782
56,913
1,153,728
Arena maintenance
1,208
23,650 -
2,238
22,620
Reoaatlm
02 6
- -
238
364
++
Cemetery
41,010
4,939 1,806
6,912
37,231
Camel pool
65],]14
2,313 -
28,695
6311=
Oapshe pool
-
6,336 -
156
6,178
Osage Community Came
-
2,806,533 -
16,887
2,769,646
Soltnie Complex
2,496,895
14,070
2,462,825
TOTAL PARKS AND RECREATION
1,905,027
5,349,596 4,588
126,111
7,123,924
PLIC SAFETY
Municipal could
576
- -
135
441
HeeM
15,417
4,315 -
4,446
15,286
Poli.
425,743
7,436 -
89,319
343,860
File
1)350]5
6,087
129,576
1,611,586
TOTAL PUBLIC SAFETY
2,176,811
17,838
223,476
1,971,173
PUBLIC WORKS
Steel
294,608
60,067 -
75,731
278,964
Srrmw w
78,302
43,530
W.Mi
91,569
TOTAL PUBLIC WORKS
372,918
183,617
185,994
370,533
CAPITAL OUTLAY
Gerleml cepiml Improvements
6,55$924
3,349,795 7,842,125
81,179
1,980,415
Park rnpr ments
470,817
81686
462,131
TOTAL CAPITAL OUTLAY
7,024741
3,349795 7,842,125
89,865
2,442,546
TOTAL GENERAL FIXED ASSETS
$141]2520
j11.451.95875.846.713
x]48056
51]029]09
104
City of Cape Girardeau, Missouri
r
SCHEDULE OF CHANGES IN LONG—TERM DEBT
FOR THE FISCAL YEAR ENDED JUNE 30,
1997
General
General
Long—term
Long—term
Debt
Debt
July 1. 1996 Additions
Retirements
June W. 1997
GENERAL LONG—TERM DEBT
Leasehold revenue bonds payable $10,214,870 $—
$2,430,876
$7,783,994
CertlBcates of panlcipallon payable 3,325,000 2550,000
170,000
5,705,000
General obligation refunding bonds payable 3,390,000 —
327,000
3,070,000
Accrued benefits 545,991 —
1,928
544,063
Due to other governments—State energy loan 81,841 —
30,172
51,669
TOTAL GENERAL LONG—TERM DEBT $17,557702 $2,550,000
$2,952,976
$17,154,726
105
City of Cape Girardeau, Missouri
STATEMENT OF GENERAL LONG—TERM DEBT
JUNE 30, 1997
10104
$1,843,362
AMOUNT AVAILABLE AND TO BE PROVIDED FOR THE
5,940,633
PAYMENT OF GENERAL LONG—TERM DEBT
LEASEHOLD REVENUE BONDS
Amount available In debt service fund
5,705,000
Amount to be provided
864,397
CERTIFICATES OF PARTICIPATION
2205,603
Amount available In debt service fund
Amount to be provided
544,063
GENERAL OBLIGATION REFUNDING BONDS
51,669
Amount available In debt service fund
Amount to be provided
ACCRUED BENEFITS
Amount available In debt service fund
Amount to be provided
DUE TO OTHER GOVERNMENTS—STATE ENERGY LOAN
_
Amount available In debt service fund
Amount to be provided
TOTAL AMOUNT AVAILABLE AND TO BE PROVIDED
GENERAL LONG—TERM DEBT PAYABLE
o
Leasehold revenue bonds payable
Cert9lcates of participation payable
General obligation refunding bonds payable
Accrued benefits
Due to other governments—Stale energy loan
TOTAL GENERAL LONG—TERM DEBT PAYABLE
10104
$1,843,362
5,940,633
$7,783,994
813,276
4,891,724
5,705,000
864,397
2205,603
3,070,000
544,063
544,063
51,669
51,669
$17154 226
$7,783,994
5,705,000
3,070,000
544,063
51,669
$17 154 726
Begley, Janssen, Young & Birk, LC
CERTIFIED PUBLIC ACCOUNTANTS
a 2103 THEMIS ST CAPE GIRARDEAU, MISSOURI 63701 TELEPHONE (573)3342845- FAR(573) 3344338
PARTNERS
JOHN R. JANSSEN. CPA JENNIFER WESTRICH, CPA
TERRY R. BEGLEY. CPA JEFF UNTERREINER, CPA
LAWRENCE E. YOUNG. CPA CATHERINEA. WHITE
KELVIN W. BIRK. CPA INDEPENDENT AUDITORS' REPORT ON COMPLIANCE
,o WITH REQUIREMENTS APPLICABLE TO EACH MAJOR
PROGRAM AND INTERNAL CONTROL OVER COMPLIANCE
IN ACCORDANCE WITH OMB CIRCULAR A-133
Honorable Mayor and Members
of the City Council
Cape Girardeau, Missouri
Compliance
We have audited the compliance of the City of Cape Girardeau,
Missouri with the types of compliance requirements described in the
U.S. Office of Management and Budget (OMB) Circular A-133
Compliance Supplement that are applicable to each of its major
federal programs for the year ended June 30, 1997. The City of
Cape Girardeau, Missouri's major federal programs are identified in
the summary of the auditor's results section of the accompanying
schedule of findings and questioned costs. Compliance with the
requirements of laws, regulations, contracts and grants applicable
to each of its major federal programs is the responsibility of the
City of Cape Girardeau, Missouri's management. Our responsibility
is to express an opinion on the City of Cape Girardeau, Missouri's
compliance based on our audit.
We conducted our audit of compliance in accordance with generally
accepted auditing standards; the standards applicable to financial
audits contained in Government Auditing_ Standards, issued by the
Comptroller General of the United States; and OMB Circular A-133,
"Audits of States, Local Governments, and Non -Profit Organizations".
Those standards and OMB Circular A-133 require that we plan and
perform the audit to obtain reasonable assurance about whether
noncompliance with the types of compliance requirements referred to
above that could have a direct and material effect on a major
federal program occurred. An audit includes.examining, on a test
basis, evidence about the City of Cape Girardeau, Missouri's
compliance with those requirements and performing such other
procedures as we considered necessary in the circumstances. We
believe that our audit provides a reasonable basis for our opinion.
Our audit does not provide a legal determination of the City of
Cape Girardeau, Missouri's compliance with those requirements.
- In our opinion, the City of Cape Girardeau, Missouri complied, in
all material respects, with the requirements referred to above that
are applicable to each of its major federal programs for the year
ended June 30, 1997.
108
Honorable MayorandMembers of the
City Council
City of Cape Girardeau, Missouri
Page 2
Internal Control Over Compliance
The management of the City of Cape Girardeau, Missouri is
responsible for establishing and maintaining effective internal
control over compliance with requirements of laws, regulations,
contracts and grants applicable to federal programs. in planning
and performing our audit, we considered the City of Cape Girardeau,
Missouri's internal control over compliance with requirements that
w could have a direct and material effect on a major federal program
in order to determine our auditing procedures for the purpose of
expressing our opinion on compliance and to test and report on
internal control over compliance in accordance with OMB Circular
A-133.
our consideration of the internal control over compliance would not
necessarily disclose all, matters in the internal control that might
be material weaknesses. A material weakness is a condition in
which the design or operation of one or more of the internal
control components does not reduce to a relatively low level the
risk that noncompliance with applicable requirements of laws,
regulations, contracts and grants that would be material in
relation to a major federal program being audited may occur and not
be detected within a timely period by employees in the normal
course of performing their assigned functions. we noted no matters
involving the internal control over compliance and its operation
.. that we consider to be material weaknesses.
Schedule of F,ggPndikures o�deral Awards.
We have audited the general purpose financial statements of the
City of Cape Girardeau, Missouri as of and for the year ended June
30, 1997, and have issued our report thereon dated November 20,
1997. Our audit was performed for the purpose of forming an
+• opinion on the general purpose financial statements taken as a
whole. The accompanying schedule of: expenditures of federal awards
is presented for purposes of additional analysis as required by OMB
Circular A-133 and is not a required part of the general purpose
financial statements. 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 stated, in ail
material respects, in relation to the general purpose financial
statements taken as a whole.
This report is intended for the information of the City Council,
management of the City of Cape Girardeau, Missouri, and federal
awarding agencies and pass-through entities. However, this report
is a matter of public record and its distribution is not limited.
BEGLEY, JANSSEN, YOUNG & BIRK, LC
Cape Girardeau, Missouri
November 20, 1997
109
M Begley, Janssen, Young & Birk, LC
CERTIFIED PUBLIC ACCOUNTANTS
2103 THEMIS ST CAPE GIRARDEAU, MISSOURI 63701 TELEPHONE (573) 30 2B,I5-FAX (5)3)33,14338
PARTNER$
r JOHN R. JANSSEN. CPA JENNIFER WE$TRICH, CPA
TERRY R. BEGLEY CPA JEFF UNTERREINER, CPA
LAWRENCE E YOUNG. CPA CATHERINE A. WHITE
KELVIN W. BIRK, CPA
INDEPENDENT AUDITORS' REPORT ON COMPLIANCE AND ON
INTERNAL CONTROL OVER FINANCIAL REPORTING BASED
ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
r ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Honorable Mayor and Members
of the City Council
City of Cape Girardeau, Missouri
We have audited the financial statements of the City of Cape
Girardeau, Missouri as of and for the year ended June 30, 1997,
and have issued our report thereon dated November 20, 1997.
We conducted our audit in accordance with generally accepted
auditing standards and Government Auditing Standards, issued by
the Comptroller General of the United States.
Compliance
As part of obtaining reasonable assurance about whether the City
of Cape Girardeau, Missouri's financial statements are free of
material misstatement, we performed tests of its compliance with
certain provisions of laws, regulations, contracts and grants,
noncompliance with which could have a direct and material effect
on the determination of financial statement amounts. However,
providing an opinion on compliance with those provisions was not
an objective of our audit and, accordingly, we do not express
such an opinion. The results of our tests disclosed no instances
of noncompliance that are required to be reported under
Government Auditing Standards.
of Over Financial Report
In planning and performing our audit, we considered the City of
Cape Girardeau, Missouri's internal control over financial
reporting in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and
not to provide assurance on the internal control over financial
reporting. However, we noted a certain matter involving the
internal control over financial reporting and its operation that
we consider to be a reportable condition. Reportable conditions
.. involve matters coming to our attention relating to significant
deficiencies in the design or operation of the internal control
over financial reporting that, in our judgment, could adversely
affect the City of Cape Girardeau, Missouri's ability to record,
process, summarize and report financial data consistent with the
assertions of management in the financial statements. The
reportable condition is described in the accompanying schedule of
findings and questioned costs.
110
Honorable Mayor and Members of the
,r City Council
City of Cape Girardeau, Missouri
Page 2
A material weakness is a condition in which the design or
operation of one or more of the internal control components does
not reduce to a relatively low level the risk that. misstatements
.. in amounts that would be material in relation to the financial
statements being audited may occur and not be detected within a
timely period by employees in the normal course of performing
their assigned functions. our consideration of the internal
control over financial reporting would not necessarily disclose
all matters in the internal control that might be reportable
conditions and, accordingly, would not necessarily disclose all
.. reportable conditions that are also considered to be material
weaknesses. However, we believe that the reportable condition
described above is not a material weakness.
r This report is intended for the information of the City Council,
management of the City of Cape Girardeau, Missouri, and federal
awarding agencies and pass-through entities. However, this
++ report is a matter of public record and its distribution is not
limited.
BEGLEY, JANSSEN, YOUNG & BIRK, LC
Cape Girardeau, Missouri
November 20, 1447
111
Federal
Expenditures
$ 447,830
252,969
195.580
896.37)
4,000
4.005
8,005
130,529
51,774
41,838
291280
515.421
3,263
13.000
531.684
39,608
13,915
221,846
272.045
547,414
City of Cape Girardeau, Missouri
SCHEDULE OF EXPENDITURES OF
FEDERAL AWARDS
June 30, 1997
Federal Program
Federal Grantor/Pass-through
CFDA or Award
Grantor/Program Title
Number Amount
Department of Commerce
Economic Development Administration
Sudden and Severe Economic Dislocation
Implementation Project Water Plant #1
11.307 $ 729,750
Wastewater Treatment Plant Access & Power Supply
11.307 392,000
Sprigg Street Elevation
11.307 425,750
Total Department of Commerce
Department of Education
Passed through Missouri Department of Education
Passed through Cape Girardeau Public Schools
Drug Free Schools Program
84.186 4,000
.�
Passed through Missouri Slate Library
Library Services & Construction Program
84.034 4,005
Total Department of Education
Department of Housing and Urban Development
Passed through Missouri Dept of Economic Development
Community Development Block Grants
94 -ND -02 Locust/Maple
14.219 435,176
95 -ND -02 Locust/Maple
14.219 350,000
95 -ED -27 D & K Wholesale Drug
14.219 70,229
94 -DR -96 Flood Buyout Program
14.219 760,000
Subtotal
R91 -SG -29-0103 Rental Rehab
14.230 171,070
Passed through Missouri Dept of Social Services
Emergency Shelter Grant
14.231 13,000
Total Department of Housing and Urban Development
r
Department of the Interior
Environmental Protection Agency
Passed through Missouri Dept of Natural Resources
SRF Loan Series 1991 A C295004-01
66.458 -
SRF Loan Series 1993A C295004-02
66.458 -
SRF Loan Series 1995D C295229-01
66.458 -
SRF Loan Series 1996D C295229-02
66.458 -
Subtotal
112
Federal
Expenditures
$ 447,830
252,969
195.580
896.37)
4,000
4.005
8,005
130,529
51,774
41,838
291280
515.421
3,263
13.000
531.684
39,608
13,915
221,846
272.045
547,414
113
City of Cape Girardeau, Missouri
SCHEDULE OF EXPENDITURES OF FEDERAL
AWARDS
June 30, 1997
Federal
Program
Federal Grantor/Pass-through
CFDA
or Award
Federal
Grantor/Program Title
Number
Amu n
Expenditures
Department of the Interior (Continued)
Federal Emergency Management Agency
Hazard Mitigation Assistance
83.519
$1,480,585
$1,128,172
Emergency Assistance
83.516
-
21.838
Total Department of the Interior
1697.424
Department of Justice
Passed through Missouri Dept of Public Safety
Victims of Crime Act (TY '95)
16.575
5,000
2,320
Victims of Crime Act (FY '96)
16.575
7,622
3.544
Total Department of Justice
5.864
..
Department of Transportation
Federal Aviation Administration
Airport Runway Remarking 953-77A
20.106
35,244
35,244
Airport Reconstruction & Expansion 935-77A
20.106
2,296,856
319,933
Subtotal
355,177
Federal Highway Administration
Passed through Missouri Highway & Transportation Dept
Off -System Bridge Replacement & Rehabilitation
_
Hopper Road Bridge - BRO-BRM-016(18)
20.205
32,608
899
South Sprigg Street Bridge- FALL flM-1518(004)
20.205
451,960
378.355
Subtotal
379,254
Community Traffic Safety Program - 96-CP-09-07
20.600
59,750
34,500
Safe Communities Grant - 96-SA-09-8
20.600
104,647
30,940
Safe Communities Grant - 97-SA-09-2
20.600
160,520
52.422
Subtotal
117,862
+
Public Taxi Coupon Transportation - MO- 18-X016-4CG
20.509
98,181
92,350
National ISE TE Recreation Trails Funding Program
20.219
449,600
89,570
Community Team Spirit Conference
20.601
40,000
4.515
Total Department of Transportation
1.038 728
TOTAL FEDERAL EXPENDITURES
$4.178.084
113
114
THE CITY OF CAPE GIRARDEAU, MISSOURI
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
YEAR ENDED JUNE 30, 1997
A. SUMMARY OF AUDIT RESULTS
1.
The auditor's report expresses an unqualified opinion on
the statements of the City of Cape Girardeau, Missouri.
2.
One reportable condition disclosed during the audit of
the financial statements was reported in the Independent
Auditors' Report on Compliance and on Internal Control
over Financial Reporting Based on an Audit of Financial
Statements Performed in Accordance with Government
Auditing Standards.
3.
No instances of noncompliance material to the financial
statements were disclosed during the audit.
4.
No reportable conditions were disclosed during the audit
of the major federal award programs.
5.
The auditor's report on compliance for the major federal
award programs for the City of Cape Girardeau, Missouri
expresses an unqualified opinion.
6.
The programs tested as major programs included:
Department of Housing and Urban Development
Community Development Block Grants
CFDA # 14.219
Department of the Interior
Federal Emergency Management Agency
CFDA # 83.519
Department of Transportation
Federal Highway Administration
CFDA # 20.205
7.
The threshold for distinguishing Type A and B programs
was $300,000 in federal expenditures.
8.
The City of Cape Girardeau, Missouri was determined to
be a low-risk auditee.
114
SCHEDULE OF FINDINGS AND QUESTIONED COSTS CONTINUED
PAGE 2
B. FINDINGS -FINANCIAL STATEMENTS AUDIT
1. Cash Receipts
Condition: The duties of handling cash receipts are not
properly segregated. One individual is responsible for
depositing daily receipts, reconciling the bank account
and authorizing bank wire transfers.
Criteria: Internal controls should be in place that
provide reasonable assurance that receipts are properly
deposited, wire transfers authorized and bank accounts
independently reconciled.
Effect: The lack of segregation of duties could result
in undetected cash shortages.
Recommendation: Procedures should be implemented to
require the bank reconciliation function be completed by
a person separate from the receipt and deposit
functions. Also, procedures should be implemented to
ensure that the City's bank confirms all wire transfers
with the Finance Director, as previously agreed.
Response: We concur with the recommendation. Such
procedures will be implemented.
115