The URL can be used to link to this page

Home My WebLink About1999-2000.AuditReport_ FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT CITY OF CAPE GIRARDEAU, MISSOURI June 30, 2000 CONTENTS FINANCIAL SECTION Page �- Independent Auditors' Report 7 GENERAL PURPOSE FINANCIAL STATEMENTS ` Combined Balance Sheet - All Fund Types and Account Groups 10 Combined Statement of Revenues, Expenditures and Changes in Fund Balance - All Governmental Fund Types 12 Combined Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Budget Basis) - 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 GENERAL FUND Comparative Balance Sheet 63 Schedule of Revenues and Expenditures - ,� Budget and Actual (Budget Basis) 64 SPECIAL REVENUE FUNDS w Combining Balance Sheet 65 Combined Statement of Revenues, Expenditures and Changes in Fund Balance 66 Convention/Visitors Special Revenue Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 67 CONTENTS - CONTINUED SPECIAL REVENUE FUNDS - Continued Airport Special Revenue Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 68 Downtown Business Special Revenue Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 69 Transportation Sales Tax Trust Special Revenue Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 76 Flood Protection Special Revenue Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 77 Parks and Recreation Special Revenue Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 70 Health Special Revenue Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 71 Motor Fuel Tax Special Revenue Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 72 Capital Improvement Sales Tax Special Revenue Fund - Flood Control Projects Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 73 .. Capital Improvement Sales Tax Special Revenue Fund - Water Projects Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 74 Capital Improvement Sales Tax Special Revenue Fund - Sewer System Improvements Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 75 r Transportation Sales Tax Trust Special Revenue Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 76 Flood Protection Special Revenue Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 77 CONTENTS - CONTINUED Vision 2000 Special Revenue Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 78 DEBT SERVICE FUND Debt Service Fund - Comparative Balance Sheet 79 CAPITAL PROJECTS FUND Combining Balance Sheet 80 Combining Statement of Revenues, Expenditures and Changes in Fund Balance 81 General Capital Improvement Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 82 Corp Flood Control Capital Project Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 83 Street Improvements Fund - Schedule of Revenues and Expenditures - '� Budget and Actual (Budget Basis) 84 FAU Street Grants Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 85 Community Development Block Grant Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 86 Park Improvements Fund - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 87 ,� Water Improvement Projects - Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) 88 CONTENTS - CONTINUED ENTERPRISE FUNDS Combining Balance Sheet 89 Combining Statement of Revenues, Expenses and Changes in Retained Earnings 90 Combining Statement of Cash Flows 91 Sewer Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 92 Water Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 93 Solid waste Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 94 Golf Course Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 95 Softball Complex Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 96 INTERNAL SERVICE FUNDS Combining Balance Sheet 97 Combining Statement of Revenues, Expenses and Changes in Retained Earnings 98 Combining Statement of Cash Flows 99 Data Processing Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 100 Fleet Management Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 101 Employees' Fringe Benefit Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 102 CONTENTS - CONTINUED Risk Management Fund Schedule o' Revenues and Expenses - Budget and Actual (Budget Basis) 103 Equipment Replacement Fund Schedule of Revenues and Expenses - Budget and Actual (Budget Basis) 104 AGENCY FUNDS Combining Balance Sheet 105 Combining Statement of Changes in Assets and Liabilities - All Agency Funds 106 FIXED ASSETS Schedule of General Fixed Assets by Source 107 Schedule of General Fixed Assets - By Function and Activity 108 Schedule of Changes in General Fixed Assets By Function and Activity 109 LONG-TERM DEBT Schedule of Changes in Long -Term Debt 110 Statement of General Long -Term Debt 111 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-133 113 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 116 Schedule of Expenditures of Federal Awards 118 Schedule of Findings and Questioned Costs 121 Begley, ,Janssen, Young & Birk, LC CEI TIFIEO PUBLIC ACCOUNTANTS 2`03 THEMIS ST CAPE GIRARDEAI. MISSOURI 03?0'TELEPHONE 573I 031 -20A5 -FAX 57913^4-4'39? MEMBERS BERRY R. BEGLEY. CPA ,JEFF UNTERREINER, CPA LAWRENCE E YOUNG_ GPA CATHERINE A. WHITE. GPA KELVIN W. BIRK. CPA DEBORAH E DENEKF JOHN R JANSSEN. CPA INDEPENDENT AUDITORS' REPORT ON THE GENERAL ?UR?OSE FINANCIAL STATEMENTS AND SU22LEMENTARY 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, 2000, and for the year then ended as listed in the table of ., contents. These general purpose financial statements are the responsibility of the City of Cape Girardeau, Missouri's management. Our responsibility is to express an opinion on these ` general purpose financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditinu Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reascnab'_e assurance about whether the general purpose financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the general purpose financial statements-. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall general purpose financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of the City of Cape Girardeau, Missouri as of June 30, 2000, 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 Auditinu Standards, we have also issued our report dated December 5, 2000 on our consideration o' 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. ` Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri Page 2 4 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. BE"GLppaEY, JANSSEN, YOUNG & BIRK, LC Cape Girardeau, Missouri r December 5, 2000 4 GENERAL PURPOSE FINANCIAL STATEMENTS 1 1 ! r 1 1 1 1 f- 4 1 1 1 1 r Clry of Cape Glreaddim, Mlsamud COMBINED BALANCE $NEEP ALL FUND TYPES AND ACCOUNT GROUPS June W. 2000 Fbuotsry Governmental Fond rypea Prcprle4ry Fund Types Fund Ty s Account Groups General Cenral Game Sped.1 Bencinu Not SF614➢ Capo.I Poets Ens.mflad Seemed .S.1F➢ Atency Flaed BFE91 Wn,-Term Touts lMemorendum W30 Onv ➢57i 9@9 ASSETS AND OTHER DEBITS Assets: P.. msn And lmesonmU $615,216 $10646.744 $961 $4,655,332 $2,446.389 $2,402028 8697.911 & f- S.A51,666 $24,591474 fon,pon Mom end cue Ayinlems 100,945 22,104,451 123,68] 81585 15,566 22.362230 24,394,598 Narvpca'A] Nutlmed, 1,310,338 140.6$2 - 197.715 - 1646,735 2,307449 MmNedle; mat ab v.—A for CeuWM uoes sws sa Heel eeMle. pe r.. pms,. and neMeen Mos. 41,333 9,753 13,632 - 21,484 - 85,182 874524 SMn Mz 655,874 65,4% - - - 1,308,370 1265.327 FIaMYse tuba 1054,47 1,433.7 1079,365 NpelmdNlu monvodl9 3,474 - - - - - 3.474 3657 Renominate lax receiveMe 9,505 - - 57.585 46,329 U61Av pam).s mcelveNe - - 1282.1. - - - 1282.144 1,163530 SpetlM uuumems—vaele 121.372 327,01 43BGR 9.317 591300 - - - 9$097 77,526 Imsmst mreivaob 376367 W.727 589 111,770 3.847 - 531, 1OJ 476,213 ONx receivables 6.973 68)62 260 18,115 58,651 ".881 23 - - 10665 242.461 leae9:vemmemsd eom-du Mal, Wei 1. - 89,98 89,575 64396 Motor RmIJ.liana 1.. 15,108 - - - - - 15,108 13,99 Minor votes. Was 25.468 - - - - - - 25,466 25,307 G. Tveivade 98 649 250 31 - 172.089 299,BFb 395,672 Gre I. oN.,Md. 2,11228 425,000 2.W2228 1523,563 A&Rl to olMr lands 1,69,500 1.667,500 1667,5W NvenlMee 129 19.616 - - 107$85 9610 - - tY 042 130662 Mso4ted as. Napmled wN VM sesn alulvalents - - - 172,566 2 - 1R, 598 11,W2 NaFpmbd evnlmt.. - - 10.712.354 - - - 10,712354 12,7937. Pooled cess and lmoslmee. - - - 1,704105 - - 1,704,116 1,7054M Prepaid Rams 67,411 37.161 - - S3?3W 53.256 - - - 795,191 BW 833 Flea uaHs, net of emnnulated depranbn - - SO338.974 2223304 15,842,743 - 79,404,997 7397,490 Olney deep.: Amoms-libdof0rseless toe - - - - 2451,104 2451,104 3593684 Amount to Oe I.. Immuum.nt DI 9Aronl longterm Mdl - - - - 31,467,186 31,467,188 3393,562 Amoenlot ,modedlornnuu paymem of.1N.m. s..s 6509780 8507W 602,167 Total Seeman otter debits $4829499 $12409,074 $2,898,981 $27.10) 555 740,755,091 .74,942,928 $7344964 $15,042}43 534,589072 f1B4082,905 $167532450 THE NOTES TO THE FNANCLOL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. I f t f i 1 1 t f 1 1 t 1 1 I 1 1 1 1 CBy of Ca9a Guam" , Mlasoud COMBINED SAV.NCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS June 30. 2000 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRPL PART OF THIS STATEMENT. RducIM Gave npl Fund TN s Proprietary Fund Ty9ee Fund 7Y Account Groups GanerY Genese) Gur, SPeolel BL\OO9! Oed Sdp'ILO C.'IN, InbrnM FNd bn¢Term Totes(Memorandum Only) IABILRIES, EQUITY AND OTHER CREDITS N.NalC EOb!➢lli9 SNl, ARMS Ly ALSEIE �snL 9Yd490 9571499 llebllXbe: FcwIrOSP,Ws SYA,027 $618,290 ¢ $836.311 56,99,542 $559.399 526,00 ¢ 1- 52.980.685 $3,135486 P Rmd tleNlXbe Sdubs,WYmll lues end Cenellll 17.W5 30079 104,620 21,658 3,037 6W,780 B2EIW 1,233,]98 W. "N. - 14.314 14,314 21,638 I.Run e. 3.291 285 303900 6.570 - - 300,134 691,509 Co rl4MNlbs ICO&8 14,948 2388 324,987 EO ]0583] 1,156.868 1217,826 Weto dtw9nvemma'IIe 205 2207 1887 I15B0 - 13,2]] 19,655 55322 OwlodM lulls 425,0W 45,227 3132,001 - 2,602228 1.521593 Ada lmm dM1erheW - 1.66],500 - 1867.500 1.56].500 CU. gNm dtrglert d..2.475,38] - - - 120,600 - 2011,61] 0)60].900 5.381000 Id1¢I6(m sed nd d caned mmm RtI RevmweM uYuNe - 40,473,056 - 242]5.000 00.748,066 660)13014 LeeedWd revenue WnOe PeYstle - 428,955 - 2,163,398 2,592.353 2021,948 CenouC. of peNdPefm 2.2758'JO 419,4. - 3785,000 6479.400 7,418313 cdarelodlseeRn rewwl�q PoYONe - EaIInlaledb�0dwwe end poncbwra 1,670,.3 1.6]0,00) 3040,000 nurecast tlIWM 26E103 289,003 300.000 Del.. revamps 1m"19 5W,AS "7.592 9.317 1,1621963 925,587 Total lle011lllas 906054 1,.7,519 "7.877 897.950 51259243 1,12]74] 734,964 - 34,589.072 91210426 9Q846..4 EpuXy end pNer creOXs: InvwOned In'Red ft. - 15,042243 15,842243 16030.274 CadRNed Aam - 26.570.848 26.570848 23,028.]]4 RBIdroS eemly9: Rou n - 1.33666] - - 1.336,667 103.333 Unnwrved - - - (411,867) 3,815.179 - 3,03.512 4293,922 Fund fWrtwes: RwpsrM 4,933.831 5055,381 2451,1114 14.151233 26,591.549 31,834,829 U.—un 929614 6,146,174 0 12,051,3]2 19.127,160 17203,034 Tdd pully snd otMrcredte 5,063."5 112111,555 2,451,104 26.202 WS 27,495848 3,815,179 15,842243 92,872,479 92,685,66E Tole)lleElllllee, pull end dXar cndXe $5,829499 $12409074 526981 527.100.555 $78255,091 N, 942.926 5]34,984 $15.042,743 534569,002 $184O62,W5 $187,532,490 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRPL PART OF THIS STATEMENT. City of Cape Girardeau, Missouri COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES r. ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED June 30, 2000 GOVERNMENTAL FUND TYPES TOTALS GENERAL SPECIAL REVENUE DEBT SERVICE CAPITAL PROJECTS (MEMORANDUM ONLYI r REVENUES Taxes $11,290,678 $8,911,038 $36],488 $- $20,569,204 Licenses and permits 110941844 5,808 - - 1,100,652 r Inlergovemmental 807,136 1,553,468 8,649 722,085 3,091,338 Charges for services 361,699 547,876 - - 909,575 Intenaepartmental services 617,097 - - - 617,097 Flnes and forfeitures 786,261 - - - 786,261 Miscellaneous 178,443 142,552 40,000 - 360,995 InvesBoent revenue 280,395 714,854 180,222 1,869,430 3.046,901 Special assessments 1,025 27,434 52,529 14,608 95,596 TOTAL REVENUES 15,417,578 11,903,030 648,888 2,606,123 30,575,619 EXPENDITURES Currant Administrative services 1,669,121 985,399 - - 2,654,520 Development services 1,511,288 39,450 - - 1,550,738 Patl¢ and recreation 1,214,695 1,163,713 - - 2,378,408 PUNIC safely 8,373,641 221,079 - - 8,594,720 Pudic vroros 1,928,083 4,520,387 - - 6,448,470 Contingency 76,946 - - - 76,946 Capital outlay - - - 5,965,046 5,965,046 Debt service PMcipal - 579.853 3,524,101 - 4,103,954 Interest and fiscal charges 1,253,966 576,165 2,713 1,832,664 TOTAL EXPENDITURES 14,T 3.7 4 8,763,847 4,100,266 5,967,759 33,605,646 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 643,804 3,139,183 (3.451,378) (3,361,(36) (3.030,027) OTHER FINANCING SOURCES (USES) Operating transfers In 912,450 2,935.726 2.283,690 3,300,348 9,432,414 Operating transfers out (2,342,498) (6,720,188) - (1,237,672) (10,3W,358) Bond proceeds 481,048 481.048 TOTAL OTHER FINANCING SOURCES (USES) (1,430,048) (3,784,462) 2,283,890 2,543.724 (386,896) EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES �. OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES (786,244) (645,279) (1,167,488) (817,912) (3,416,923) .. FUND BALANCES, JULY 1 6,649,689 11,846,834 3,618,592 27,020,517 49,135,632 FUND BALANCES, JUNE 30 $5,863.445 $11,201,555 $2,451,104 $26,202,605 $45,718.709 12 r City of Cape Girardeau, Misi COMBINED STATEMENT OF REVENUES, FXPENDRURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (BUDGET BASIS) - ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED June 30, 2000 GENERAL FUND SPECIAL REVENUE FUNDS VARIANCE VARIANCE FAVORABLE FAVORABLE BUDGET ACTUAL IDNFAVORABIFI BUDGET ACTUAL NNFAVORABLEI REVENUES Tai $11,464.685 811,290,678 ($1]4,00]) $.73],5]6 $8,911,038 $173,462 Licanses and pemlils 1,044.500 1,094,044 50,344 7,500 5,000 (1,592) r Inler,I.inental 455.912 807,136 351224 1,5901300 1,553,460 (36,832) Charges for services 331,240 361,699 30459 549,390 54],8]7 (1,423) Inlmdepadmenlal services 592.750 617,097 24.347 - - - fn a and fodeilures ]65.000 786,261 21281 - - - Miscellaneous 05,500 170,443 92,943 133,050 142,552 9,502 InveeMentrwenue 258,700 287,432 28,702 31,111 A0, 113 391,813 Soil ..m 6,000 1,025 (4,975) 825,000 2],434 (297,566) TOTAL REVENUES 15,001 15,428815 4201325 11,721.026 11,958290 237,264 i EXPENDITURES Current Administrative semces 1,60,867 1,605,231 5,636 111481346 9P,949 170,397 Development services 1,65.003 1,513,614 142,369 38500 39,451 (951) �. Parts eM recreation 1,210203 1,206,598 31605 1,161.436 1,164,476 (3,040) Pi safety 8.393,028 8,373,065 19,963 238.545 2215]9 16,966 Pui words 1.945.929 1,910.306 35.623 9,19$9011 8,483,751 710,149 CenWgadd/ 78,000 76,946 1054 - - - Defit seence Ptlncpal - 5]3,500 99,053 (6.353) lmelest and 11.1 eha i 982000 1253,966 (271966) TOTALEXPENDRURES 14,9]4,030 14,]65,]60 208270 13.336227 12,721,025 615,202 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 3029 65$855 628598 (1.615,201) (762735) 852,466 OTHER FINANCING SOURCES (USES) Operating Vansfers In 912,450 912,450 - 1,726,311 2,935,726 1209,415 Operating tranaiers out (2,35],20]) (2.342690) 14,709 (5287.8X)) (6720.160) (1,432,388) TOTAL OTHER FINANCING SOURCES (164479) (1,430,048) 14,709 (.561,409) (3,784,452) (222,973) (USES) EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND r OTHER FINANCING USES (1614,500) (771,193) 643,307 (Sp116,690) (4,547,197) MA93 FUND BALANCES, JULY 1 6p600.691 6.608,691 11,846,09 11,415,093 aea FUND BALANCES, JUNE 36 $5,194,191 $5.837,497 $643.39 $.90,177 $.86],8% $829,493 13 City of Cape Gimnleau, Missouri _ COMBINED STATEMENT OF REVENUES, EXPENDRURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (BUDGET BASIS)- ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED June 30, 2000 ANNUALLY BUDGETED DEBT SERVICE FUND CAPITAL PROJECTS FUNDS VARIANCE VARIANCE BU➢GEI ACTUAL FAVORABLE (UNFAVORABLE) BUDGET ACTUAL FAVORABLE (UNFAVORABLE) REVENUES Taves $364105 5367.488 $7,383 E- fr E- Interyavemmentel 8,125 8,649 524 W'wo 722055 37,485 Miscellaneous 40,000 401000 - - - INeshnent revenue 202,580 199,000 (3,500) 104,580 104580 ` Special assessments 62,250 52,529 (9,721) 14,809 14.809 TOTAL REVENUES 673,050 667.056 (5,394) 654,600 841274 156.674 EXPENDITURES Depend WtlaY 2.471,400 1296,424 1,1]4,9]6 Debt.,,. Pnncpel 3,508,900 3,524,101 (15,201) - - Inane.(and healc0alges 569.420 576.165 (7,145) 2,713 (2,713) TOTALEXPENDITURES 4,0)],920 4,100,268 (22,348) 2,4]1,400 1299,137 1,172,263 EXCESS(DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (3.404,860) (3,432,6011) (2],]40) (1,]Bfi.005) (49,863) 1,328,937 OTHER FINANCNG SOURCES (USES) Operetilg trane.re in 2,445,000 2,283,890 (161,110) 1]25,]50 1]00,348 (25,402) 4� Opele6ng tlanslera out - - (38,950) (35.950) - BonEprocee0e 481,048 481,048 TOTAL OTHER FINANCING SOURCES (USES) 2.445.000 2283.890 (161110) 1,686,800 2,142,446 455,646 EXCESS(DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND we OTHER FINANCING USES (959.660) (1.148.710) (IBB,BW) (100,005) 1,684,583 1,784,583 MND BALANCES, JULY 1 -(RESTATED) 3.618.592 3.618,592 11996,735 1,214,883 FUND BALANCES, JUNE 30 E21658.732 52.489,882 ($lW,B 6) $1,896,735 $2.899"166 $1,784,583 r 15 City of Cape Girardeau, Missouri a COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS ALL PROPRIETARY FUND TYPES FOR THE FISCAL YEAR ENDED Ju. 30, 2000 PROPRIETARY FUND TYPE $ TOTALS (MEMORANDUM ONLY) ENTERPRISE INTERNAL SERVICE ]99&2090 a OPERATING REVENUES Residential,nar,do $5.501,207 ¢ $5,561,207 Commemial Maines 2,823,139 - 2,823,139 Transfer station charges 609,650 - 609,fi50 Equipment sales 18,287 - 18,287 a Concession revenues 131.263 - 131,263 Gat course fees 421.628 - 421,628 Softball complex Has 65.317 - 65,317 Other tees and Maines 146,391 - 148,391 r Intensepartmental services - 3,319,666 3,319,866 Other miscellaneous 43,609 4,872 48,681 TOTAL OPERATING REVENUES 9,842,711 3,324,738 13.167',449 a OPERATING EXPENSES Personnel services 2,402.344 589,506 2,991850 Materials and supplies 719.597 290,392 1,009,989 r Connotual.,1. 3,397,099 2,01 5,450,029 General operating expenses 354,040 28.789 382,829 Spedel Pro)ects expense 125.218 - 125,218 Internal service expenses 366,807 2,434 369.241 Depreciator expense 1,85],628 404,956 2262,584 r TOTAL OPERATING EXPENSES 9,222733 3,361 12.591,740 a OPERATING INCOME (LOSS) 619,978 (44,269) 575,709 NON,OPERATING REVENUES (EXPENSES) Investment revenue 774,004 124,897 898,901 a State'rants 57,464 - 57.464 Sale of oty prepedy 22,516 1418 23.934 Compensa8on for damages 22,345 22,30.5 Hsuanea east emendation (6'118) (4,288) (92,40(5) r Interest and nandling costs (2,06'553) (30414) (2,096,967) TOTAL NON-OPERATING REVENUES (EXPENSES) (1,278,342) 91,613 (1,1%]29) r INCOME (LOSE) BEFORE OPERATING TRANSFERS (658,364) 47,344 (611020) Operating nansfers In 816.849 224,595 1,041,444 Opereting transient out (173,500) (173,500) _ NET INCOME (LOSS) 15'485 98,439 250924 RETAINED EARNINGS (DEFICIT), a JULY 1 766,515 3,716740 4, 183,255 RETAINED EARNINGS (DEFICM, JUNE30 $9251000 $3,815,179 $4,740,179 15 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. lh City of Cape Girardeau, Missouri COMBINED STATEMENT OF CASH FLOWS - ALL PROPRIETARY FUND TYPES r FOR THE FISCAL YEAR ENDED JUNE 30, 2000 PROPRIETARY FUND TYPES TOTALS �. INTERNAL (MEMORANDUM ONLY) ENTERPRISE SERVICE 1999-2000 CASH FLOWS FROM OPERATING ACTIVITIES: r Operating income (loss) $619,978 ($44,269) $575,709 Adustments to reconcile operating income to net cash provided by operating activities: Depreciation 1,857,628 404,956 2,262,584 y Cash operating grants received 57464 - 57,464 Change In assets and liabilities: (Increase) decrease In accounts receivable (45,158) (3,636) (48,794) (Increase) decrease in inventory (215) (6,030) (6,245) as (Increase) decrease In prepaid items (1,961) 784 (1,177) Increase (decrease) in accounts payable (465,831) (138,304) (604,135) Increase (decrease) in accrued liabilities 619,021 169,350 788,371 Increase (decrease) In landfill posploome care costs (12,000) (12,000) NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 2,628,926 382.851 3,011.= CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: Operating transfers in from other funds 816849 224,595 1,041444 Operating transfers out to other funds (173.500) (173,500) NET CASH PROVIDED BY (USED IN) NONCAPITAL FINANCING ACTIVITIES 115849 51,095 867,944 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Proceeds from developers 189,916 - 189,916 Pnncipal paid on revenue bonds (495,000) - (495,000) Principal paid on lease purchase bonds (261,099) - (261,099) Principal paid on COP bands (260,000) (120,000) (380,000) Principal paid an SRF bonds (154,000) - (154,000) Principal paid on energy loan 8 nate payable on land (7,324) (432) (7,756) Interest paid on bonds and obligations (1,437,292) (35,608) (1472,900) a Purchase of filed assets (4,309220) (649,088) (4,958,308) Proceeds from sale of assets 22,516 21,687 44,203 Compensation for damages 22,345 22,345 r NET CASH PROVIDED BY (USED IN) CAPITAL AND RELATED FINANCING ACTIVITIES (6,689,158) (783,441) (7,472,599) CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of investments (363,957) (20,293) (564,250) Proceeds from sale of investments 340,838 202,718 543,556 Interest on investments 539,899 8,449 548,348 Overnight Interest 167,952 127,698 295,650 Interest on assessments 3,732 - 3,732 FMV adrysiments to cash (6,306) (10,027) (15335) NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 682,156 128.545 810.701 _ INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (2,561,227) (220,950) (2,782,177) CASH AND CASH EQUIVALENTS, JULY 1 16,016,249 2,631,563 18,647,812 CASH AND CASH EQUIVALENTS, JUNE 30 $13,455022 $2,410,613 $15,865,635 THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. lh City of Cape Girardeau, Missouri VOTES TO FINANCIAL STATEMENTS June 30, 2000 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 government units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The more significant accounting policies of the City are described below. 1. Renortine Entit 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. Cape Girardeau (Missouri) Public Facilities Authority - As described in Note E, the City of Cape Girardeau, Missouri has entered into four 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 1993 Bonds, Series 1994A Bonds, and Series 1997A and 1997B Bonds. These bonds were used to finance construction and improvements to sewer, solid waste, street, airport, flood control and other capital improvement projects. The bond payments are obligations of the CGPFA. 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, 2000 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 1. Reporting 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 t, 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. Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than expendable trust or major capital projects) 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. City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATENLENTS June 30, 2000 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 2. Fund Accounting - 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 (l) all GASB pronouncements and (2) FASB (Financial Accounting Standards Board) Statements and Interpretations, APB (Accounting Principles Board) Opinions, and ARBs (Accounting Research Bulletins) issued on or before November 30, 1989, except those that conflict with a GASB pronouncement. Enterprise Funds - Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises - where the intent of the governing body is that the costs (expenses including depreciation) of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges; or where the governing body has decided that periodic determination +� of revenues collected, expenses paid, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes. Internal Service Funds - Internal Service Funds are used to account for the financing of goods or services provided by one department to other departments of the City, on a cost - reimbursement basis. FIDUCIARY FUNDS Trust and Agency Funds - Trust and Agency Funds are used to account for assets held by 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 Account Group - The General Fixed Assets Account Group is used to ., account for fixed assets used in governmental 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. 0 General Long -Term Debt Account Gran p - The General Long -Term Debt Account Group is used to account for long-term liabilities to be fmanced from governmental muds. 19 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 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 fives 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. .. All proprietary funds are accounted for on a flow of economic resources measurement focus. With this measurement focus, all assets and liabilities associated with the operation of these funds are included on the balance sheet. Fund equity (i.e., net total assets) is segregated into contributed capital and retained earnings components. Proprietary fund type operating statements present increases (e.g., revenues) and decreases (e.g., expenses) in net total assets. 20 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 4. Basis of Accountine - Continued The modified accrual basis of accounting is used by all governmental fund types and agency funds. Under the modified 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 habihties of the current period. The City considers revenue to be available if it is collected within 30 days after year-end. Expenditures are recorded when the related fund liability is incurred. Principal and interest on long-term debt are recorded as fund liabilities when due or when amounts have been accumulated in the debt service fund for payments to be made early in the following year. .. Those revenues susceptible to accrual are property taxes, franchise taxes, special assessments, licenses, interest revenue and charges for services. Sales taxes collected and held by the state at year-end on behalf of the City also are recognized as revenue. Fines and permit revenues are not susceptible to accrual because generally they are not measurable until received in cash. The accrual basis of accounting is utilized by proprietary funds. Under this method, revenues are recorded when earned and expenses are recorded at the time liabilities are incurred. The City reports deferred revenue on its combined balance sheet. Deferred revenues arise when a potential revenue does not meet both the "measurable" and "available' criteria for recognition in the current period. Deferred revenues also arise when resources are received by the City before it has a legal claim to them, as when grant monies are received prior to the incurrence of qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met, or when the City has a legal claim to the resources, the liability for deferred revenue is removed from the combined balance sheet and revenue is recognized. _ 5. Encumbrances Encumbrances represent commitments related to unperformed contracts for goods or services. Encumbrance accounting is utilized in all funds. Encumbrances outstanding at the end of the year in the governmental funds are reported as reservations of fund balances and do not constitute expenditures or liabilities because the commitments will be carried forward and honored during the subsequent year. Encumbrances outstanding in the proprietary funds do not constitute expenses but will be honored in .. the subsequent year. 21 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 6. Budgets and Budgetary Accounting The City adopts annual operating budgets for all funds. The City follows these procedures in establishing the budgetary data reflected in the financial statements. L The City Manager submits to the City Council a proposed operating budget for the fiscal year commencing the following July 1. The operating budget includes proposed expenditures and the means of financing them. 2. Public hearings are conducted to obtain taxpayer comments. 3. Prior to July 1, the budget is legally enacted through passage of an ordinance. 4. The City Manager is authorized to transfer budgeted amounts between programs within any department, however, any revisions that alter the total appropriations of any department must be approved by the City Council. Departments may not legally exceed their appropriations without approval from the City Council. Appropriations expire at the end of the year, however, outstanding encumbrances at the end of the year are honored by the City. 5. Formal budgetary integration is employed as a management control device during the year for all funds. 6. Budgets for all funds are adopted on a budgetary basis. 22 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS .. June 30, 2000 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 6. Budgets and Budgetary Accountina Additional budget appropriations by department made throughout the year are as follows: Administrative Se. vices $ 29,500 Contingency 28,000 Developmental Services 7,000 Capital Improvement -Parks Improvement Fund 100,000 General Fund Transfers 553,500 Park and Recreation Fund Transfers 28,000 Interdeparmicntal Services 100,000 Equipment Replacement 126,500 Employee Fringe Benefit Fund 265,000 Parks and Recreation 90,500 Public Safety 386,000 Public works 566.400 $2.280.400 The above appropriations included the following: (1) $29,500 for administrative services expenditures in the General Fund and Vision 2000 Fund totaling $19,500 and $10,000 respectively (2) $28,000 to contingency expense to cover repair of storm damage to roof of the "Old Central .. Packing Building" (3) $7,000 for additional capital expenditures in the Downtown Business District Fund (4) $100,000 for Arena Building remodeling costs incurred by the Parks Improvement Fund (5) $553,500 increase in General Fund transfers to cover $53,500 in anticipated revenue shortfalls and additional operating expenditures in the Golf Fund and $500,000 for demolition of major buildings in the Health Fund (6) $28,000 increase in Park and Recreation Fund transfers to cover beginning of the year fund balance deficits (budget basis) of $16,000 and $12,000 for the Golf Fund and Softball W Complex Fund respectively (7) $100,000 for interdepartmental expenditures for a future facilities study and other operating expenditures (8) $126,500 for additional debt service and capital expenditures in the Equipment Replacement Fund (9) $265,000 to correct incorrect amounts included in the original adopted Employee Fringe Benefit budget (10) $90,500 parks and recreation expenditures to cover additional operating expenditures of $28,000, $20,000, $22,500, and $20,000 in the General, Parks and Recreation, Golf, and Softball Complex Funds respectively (11) $386,000 in public safety expenditures to cover $239,000 in grant funded hazard mitigation costs associated with the flood buyout program and project impact and additional police and fire operating expenditures (12) $566,400 in public works expenditures for $526,600 in Solid Waste Fund expenditures to convert the transfer station to a walking floor system, construct a new recycling center, and cover additional hauling and disposal costs and $39,800 in Sewer Fund expenditures resulting from the Ramsey Branch Sewer upsizing. 23 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 6. Budgets and Budgetary Accounting - Continued For the year ended June 30, 2000 the fund expenditures for Parks and Recreation, Motor Fuel Tax, Capital Improvement Sales Tax -Water Projects, Capital Improvement Sales Tax — Sewer System, Vision 2000, Debt Service, General Capital Improvements, Sewer, Golf Course, Employee Fringe Benefit and Equipment Replacement funds exceeded their approved budgets by $8,040, 560,107, $1,504,375, $309,998, $ t,223, $22,346, $484,375, $899,907, $3,149, $141,951 and $22,292, 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. The following reconciliation adjusts GAAP basis to budget basis: Excess (Deficiency) of Revenues and Other Financing Sources over (under) Expenditures and Other Fnareme Use Special Debt Capital Gerrial Revenue Service Proects GAAP Basis $ (786.244) $ (645.79) $(1.167,488) $ (817.912) Increase due to Prior year ncumbrances Administrative Services Development services Parks and recreation Public Safety Public Works Capital outlay Water Improvements Fund not budgeted annually Adjust investments to market Decrease due to Yearend encumbrances Administrative services �. Development services Parks and recreation Public safety Public works Capital outlay Budget Bnsis 1,504 15.915 2.984 8.270 1,265 14.356 - 23.001 471,330 - - - 786,770 1,782,893 7.037 55,258 19,778 6.005 57.152 543,768 18,778 2575,668 17,615 8,465 5,310 172 2,029 13,780 500 5,224 - 4.434.691 41101 4.445.686 S(771,193 1UJAZ197) 24 73,173 73,173 __$(1.148.71 U1 $1684583 25 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS .. June 30, 2000 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued + 6. Budeets and Budgetary 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. Solid Galt Softball Scwcr Water Waste Course Conte GAAP Basis 4 (262,874) $305,664 $107.909 $7,655 $ 131 Increase due to. Prior year encumbrances r Materials and supplies - 2,053 638 4,085 327 Contractual services 4,301 37,238 15,718 1,450 - Special projects - - - - 273 Depreciation 1,192,525 461.688 131,070 63,505 8.840 + Impact fees 189,916 - - - - Special assessments 19,881 - - - Deferred revenues - - 54,737 - Interest paid less than a¢med - - - Interest cost amortized 849.791 - - - - Cost of bond refunding amortization 15,938 45,616 - - - Amortized bond premiuMdiscount 795 316 - - - ' Issuance cost amortization 62,640 24.040 1,438 - - Adjust investments to market 185 30,478 148 43 34 2.335 973 601,42 203.749 69,083 9.474 Decrease due to Yearend encumbrances Materials and supplies 126 4,332 202 - 158 General operating expenses - - 900 - - Contractual services - - 636 - - Special projects 3,290 - - - 64 Landfill closure and maintenance costs - - 7,244 - - Interest paid more than ,canal 283,197 8,377 438 - - Bond principal paid 660,099 475,000 42,324 - - Capitul outlays 7,266,759 112,728 442,230 58.548 2,920 + Amount deferred for future debt service for capital appreciation bonds: Construction fund 90,051 - - - - '^ Interest subsidy received. 258,359 - - - - Adjustment to liability for future landfill postclosure maintenance costs - - 4,756 - - ' Deferred revenues 7.752 159,133 8,569,633 759 570 498,73a 58,548 3.142 Budget Basis $(64965351 -k-L4153 d1gj,Q-[ isish -1-y40 25 City of Cape Girardeau, Missouri NOTES TO FINANCIAL S"fATEMENTS June 30, 2000 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 6. Budgets and Budgetary Accounting - Continued 26 Net Income (Loss) Data Flee[ Employce Risk EgWpmen, Management Fn_d Manaeemenl Reolacemem GAAP Basis $(13,158) $34255 $(157,032) $ 32,672 $ 201,702 Increase due to: _ Prior year encumbrances Material and supplies - 731 - - - Contractual services 58 - - - - Depreciation 195,319 42,080 - - 167,557 Net gain/loss sale of fixed assets - - - - 20,269 .. Issuance cost amortization 2,195 - - - 2,093 Amortized bond premium/discount 75 - - - 94 Adjust investment to market 69 172 1.715 8 826826 886 197,716 42-983 2,715 X826 190 899 Decrease due to: Year-end encumbrances Materials and supplies - 553 - - - Contractual services - - - 11,494 - Interest paid more than accrued 2,644 2 - - 2,718 Principal paid 60,000 432 - - 60,000 Capital outlays 3,582 23,78 - 410,343 66 226 24.767 111 494494 473.061 Budget Basis 5118,33 �°-51471 8.54317. 3 2�4 3 014fz 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. 26 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30. 2000 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 8. 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 DiscounMssuance Costs In governmental fund types, bond discounts and issuance costs are recognized in the current period. Bond discounts and issuance costs for proprietary fund types are deferred and amortized over the term of the bonds. Bond discounts are presented as a reduction of the face amount of bonds payable whereas issuance costs are recorded as deferred charges. 10. Total Columns - Memorandum Only Total Columns are captioned "Memorandum Only" to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present results of operations in conformity with generally accepted accounting principles. Neither is such data comparable to a consolidation. Interfund eliminations have not been made in the aggregation of this data. 11. Cash and Investments The city maintains an internal investment pool for the majority of its non -restricted cash and investments and a small portion of its restricted cash and investments. Investment revenue is allocated to each fund based on its average equity balance in the pool. Cash includes amounts in repurchase agreements and other short-term investments with a maturity date within three months of the date of purchase. 27 City of Cape Girardeau, Missouri :NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 11. Cash and Investments Continued The City's investment policy authorizes it 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 (I) 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. Bond proceeds may be invested as allowed in the bond indenture. Investments, excluding certificates of deposit, with a maturity date of one year or more at the time of purchase are valued at market value as determined by averaging market quotes received by two different .. securities dealers. All other cash and investments are valued at cost or amortized cost. 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, 2000 are recorded as prepaid items. 14. Restricted Assets Certain proceeds of enterprise fund revenue bonds, as well as certain resources set aside for the repayment of such bonds, are classified as restricted assets on the balance sheet because their use is limited by applicable bond covenants. The "revenue bond construction' account is used to report those proceeds of revenue bond issuances that are restricted for use in construction. The "revenue bond ., current debt service" account is used to report resources set aside to make up potential future deficiencies in the revenue bond current debt service account. 28 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS ., June 30, 2000 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 15. Lone -term Obligations Long-term debt is recognized as a liability of a governmental fund when due, or when resources have been accumulated in the debt service fund for payment early in the following year. For other long-term obligations, only that portion expected to be financed from expendable available financial resources is reported as a fund liability of a governmental fund. The remaining portion of such obligations is reported in the general long-term debt account group. Long-term liabilities expected to be financed from proprietary fund operations are accounted for in the appropriate proprietary fund. 16. Intetfund Transactions Quasi -external transactions are accounted for as revenues, expenditures or expenses. Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly applicable to another fund, are recorded as expenditures/expenses in the reimbursing fund and as reductions of expenditures/expenses in the fund that is reimbursed. .. 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-term interfund loan receivables are reported as advances and are offset equally by a fund balance reserve account which indicates that they do not constitute expendable available financial resources and therefore are not available for appropriation. 29 City of Cape Girardeau, Missouri NOTES TO F[NANC[AL STATEMENTS June 30, 2000 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 19. Post-Emplovment Health Care Benefits In addition to the pension benefits described in Note H, it is the City's policy to provide postretirement health care benefits to employees who retire from the City with five or more years of service and who are eligible for LAGERS retirement (Note H). Currently, twenty-four employees meet those eligibility requirements. The City provides health care coverage for them until age 65. The cost of retirees' health care benefits is recognized as an expenditure as premiums are paid. For the year ending June 30, 2000, those costs totaled $55,952. COBRA Benefits - Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), the City provides health care benefits to eligible former employees and eligible dependents. Certain requirements are outlined by the federal government for this coverage. The premium is paid in full by the insured on or before the tenth (10th) day of the month for the actual month covered. This program is offered for a duration of 18 months after the termination date. There is no associated cost to the City under this program, and there were two participants in the program as of June 30, 2000. NOTE B - DEPOSITS AND INVESTMENTS 1. Deposits At June 30, 2000, the carrying amount of the City's deposits was $6,684,754 and the bank balance was $6,678,600, which excludes $6,154 of petty cash funds held at various City locations. The deposits are categorized in accordance with risk factors created by governmental reporting standards. Category #1 includes deposits covered by deposit insurance or collateral held by the City in the City's name. Category #2 includes deposits covered by cottateral 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. 30 Carrying Bank Amount Balance Category #1 $6,678,600 $6,678,600 Category #2 6,154 - Category #3 - - $6.684,7546 6$ 78.600 Category #1 includes deposits covered by deposit insurance or collateral held by the City in the City's name. Category #2 includes deposits covered by cottateral 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. 30 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30. 2000 NOTE B - DEPOSITS AND INVESTMENTS - Continued 2. Investments Investments made by the City are summarized below. The investments that are represented by specific identifiable investment securities are classified as to credit risk by the three categories described below: Category #1 Insured or registered, or securities held by the City or its agent in the City's name. Category #2 Uninsured and unregistered, with securities held by the counter -party's trust department or agent in the City's name. Category #3 Uninsured and unregistered, with securities held by the counter -party, or by its department or agent but not in the City's name. Cateeoty Carrying Fair #1 #2 #3 Value Value Repurchase Agreements $ 1,171,969 $- $- $ 1,171,969 $ 1,171,969 U.S. Government Securities 17.566 739 17j66,739 17,566,739 $13,738,708 _$_ 18,738,708 18,738,708 Money Market Account U.S. Government Securities 1,655,582 1,655,582 State Revolving Fund Program 31.972.645 31,972,645 $52 366 935 552 366 935 31 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE C - PROPERTY TAXES Property taxes attach as an enforceable lien on property as of January L Taxes were levied on August 16, 1999, for collection during this fiscal year and were due on or before December 31. Most of the taxes are collected in November and December. The tax rates assessed at the time were as follows: City Revenue $ 32/100.00 assessed valuation July I, 1999 ` Library Tax .17/100.00 assessed valuation $ 2,086,593 $ 510,606 Public Health Tax .06/100.00 assessed valuation 17,738 - Debt Service Tax .10/100.00 assessed valuation - 1,294,265 Special Business District .79/100.00 assessed valuation 22,977 102,148 #2 (Ad Valorem) $Ifi.04R?74 3764480H Property tax receivable balances as of June 30, 2000 are as follows: Downtown Business Debt General District Health Service Lim Total Current property tax $33,749 $ 2,165 $ 6,378 $10,700 $17,317 $70,309 Delinquent property tax 34,273 752 5,426 11,325 16,823 68,599 Reserve for doubtful Property taxes2( 6,689) (759)(4,209) (8.393)l( 2 676)5( 2,726) +� Net property tax receivable 41 33 2 1 13 632Sr2� 4 86 182 NOTE D - CHANGES IN FIXED ASSETS A summary of the general fixed assets account group for the year ended June 30, 2000 is as follows: 0 Land Buildings r improvements other Than buildings Equipment Construction in progress Total general fixed assets Balance July I, 1999 Additions Deductions $ 2,086,593 $ 510,606 $- 8,519,958 17,738 - 4,114,481 52,174 - 1,294,265 81,814 132,886 22,977 102,148 $Ifi.04R?74 3764480H 32 Accumulated Balance Depreciation June 30 2000 $- $ 2,597,199 383.867 8,153,829 261,467 3,905,188 181,791 1,061 302 25.125 -837 125 815 442 743 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE D - CHANGES IN FIXED ASSETS - Continued Additions and deletions to the Enterprise Funds for the fiscal year 2000 were $7,695,102 and $51,366 respectively. Additions and deletions to the Internal Service Funds were $684,628 and $21,721 respectively. A summary of the proprietary fund type lured assets for the year ended June 30, 2000 is as follows: Land Buildings Improvements other than budding Equipment Construction in progress Less: accumulated depreciation Enterprise Internal Fund Service Fund $ 248,109 $ 37,500 9,242,911 421,821 50,886,732 113,749 8,489,550 3,880,335 11.141.534 14.072 $80,008,836 $ 4,467,477 18,669,886 2,244,173 $6f338.950 $2,223,304 NOTE E - LONG-TERM OBLIGATIONS The following is a summary of transactions in the General Long-term Debt Account Group of the City for the year ended June 30, 2000. General Leasheld Genifieaes Obligation Revenue Of Revenue Unused Paid Duere Other Bonds Bong Pvnitloatnu anted, Lcave Govemrrems Toml General long Ron debt payable at July I, 1999 $2.395.0W $4,769,916 $4,845,000 S25.495,OW $602,167 $2610 $38.133.413 Retirement (355,000) (2,675,901) (500,000) (560.000) (13,053) (4,103.954) ,mount Added 491.000 48,613 539,613 General long term debt payuble at June30,20W S20400IX1 52585015 $4,345M $ 45} 9 5650780 $13277 $24569(1_ 33 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE E - LONG-TERYI OBLIGATIONS - Continued The following is a summary of bond transactions in the Proprietary Funds of the City for the year ended June 30, 2000. 34 Leasehold Certificates Revenue Revenue of Bonds Bonds Participation Total Bonds payable at July 1,1999 $42,131,015 $989,032 $3,449,312 $46,569,359 ` Discount Amortization & Issue Cost 55,261 7,405 168 62,834 Bonds Issued - - - - Accumulated Interest 849,790 - - 849,790 Bonds Retired (654.000) (261,099) (375,000) ($1,290,099) Bonds payable at June 30, 2000 $42.382.066 $735.338 $3.074.480 846.191.884 Bonds payable at June 30, 2000 are comprised of the following individual issues. $ 2.040.000 1993 General Obligation Refundins Bonds due as follows: Year Ending Interest Principal Interest June 30 Rate Due Due Total 2001 4.70% $ 370,000 $ 91,805 S 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 2005 5.00 450,00 11,25 46t,25 $2.040.000 2 " 1 $2,303,610 Principal payments are made annually on November 1, and interest payments are made semi-annually on May 1 and November 1. 34 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATENIENTS June 30, 2000 NOTE E - LONG TERM OBLIGATIONS - Continued On April 20, 1993, the City of Cape Girardeau issued S3,690,000 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. $ 775,000 Series 1993 Sewerage System Revenue Bonds due as follows: Year Ending Interest Principal Interest June 30 Rate Due Due Total 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 5.350 155,00 8.293 163,293 7Z5 QQS 152,014 $ 927 014 These bonds are dated September 1, 1993. The proceeds of the bond issue were used to defease (in - substance) the $1,170,000 1986 Sewerage System Revenue Bonds. Principal payments are made annually on March 1, and interest payments are made semi-annually on March 1, and September I. 35 These bonds are dated April 15, 1992. The proceeds of the bond issue were used to purchase, extend and improve the water system serving the City. The purchase of the water system occurred on June 3, 1992. Principal payments are made annually on March 1, and interest payments are made semi-annually on .. March I and September 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 the fiscal year ended June 30, 1996. 36 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE E - LONG-TERM OBLIGATIONS - Continued S 2,460 000 Waterworks System Revenue Bonds Series 1992 due as follows: Year Ending Interest Principal Interest June 30 Rate Due Due Total 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 7.45 625,00 46,563 671,563 2 4 580.65012.Q40 These bonds are dated April 15, 1992. The proceeds of the bond issue were used to purchase, extend and improve the water system serving the City. The purchase of the water system occurred on June 3, 1992. Principal payments are made annually on March 1, and interest payments are made semi-annually on .. March I and September 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 the fiscal year ended June 30, 1996. 36 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE E - LONG-TERNI OBLIGATIONS - Continued $ 8,630,OOOWaterworks Svstem Refunding Revenue Bonds Series 1995 due as follows: 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 an Escrow Fund 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 beginning March 1, 1996, and continuing through March I, 2002, the date on which the Refunded Bonds will be redeemed. 37 Year Ending Interest Principal Interest June 30 Rate Due Due Total 2001 4.400% $ 85,000 $ 430,468 $ 515,468 2002 4500 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 98(),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 2.295,000 114,75 2,409.750 58.630.000 4 QQ $ $12.633.825 Principal payments are made annually on March 1, and interest payments are made semi-annually on March 1 and September 1. On December I, 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 an Escrow Fund 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 beginning March 1, 1996, and continuing through March I, 2002, the date on which the Refunded Bonds will be redeemed. 37 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE E - LONG-TERNI OBLIGATIONS - Continued S 2,045 000 Sewerage System Revenue Bonds (State Revolving_ Fund Program) Series 1991 due as follows: These bonds are dated December 1, 1991. The proceeds of the bond issue will be used to extend and improve the existing sewerage facilities serving the City. Principal payments are made annually on June 1, and interest payments are made semi-annually on June I and December 1. The interest due on the 1991 Sewer System Revenue Bonds will be subsidized by interest earnings on a reserve fund held by the bond 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, 2000 was $712,798. The reserve fund yields 6.71%. 38 Year Ending Interest Principal Interest June 30 Rate Due Due Total 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 r 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 4 000 . 1 l98 307 $3243.307 These bonds are dated December 1, 1991. The proceeds of the bond issue will be used to extend and improve the existing sewerage facilities serving the City. Principal payments are made annually on June 1, and interest payments are made semi-annually on June I and December 1. The interest due on the 1991 Sewer System Revenue Bonds will be subsidized by interest earnings on a reserve fund held by the bond 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, 2000 was $712,798. The reserve fund yields 6.71%. 38 City of Cape Girardeau, Missourt NO'T'ES TO FINANCIAL STATEMENTS June 30, 2000 NOTE E - LONG -PERM OBLIGATIONS - Continued $ 414,000 Sewerage System Revenue Bonds (State Revolving Fund Pmgram) Series 1993 due as follows: Q 185,528 _4�_SQ4,$ 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 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 will deposit an amount equal to approximately 70.00% of the reimbursement into the reserve fund. The maximum amount of funds that will be advanced to the reserve fund will be $350,000. As bonds are paid off, 70% of the amount of bonds paid off will be repaid to the Department of Natural Resources out of the reserve fund. The balance of the reserve fund at June 30, 2000 was $289,800. The reserve fund yields 5.15%. Year Ending Interest Principal Interest June 30 Rate Due Due Total 2001 4.400% $ 19,000 S 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 39,0 1.053 40,053 Q 185,528 _4�_SQ4,$ 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 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 will deposit an amount equal to approximately 70.00% of the reimbursement into the reserve fund. The maximum amount of funds that will be advanced to the reserve fund will be $350,000. As bonds are paid off, 70% of the amount of bonds paid off will be repaid to the Department of Natural Resources out of the reserve fund. The balance of the reserve fund at June 30, 2000 was $289,800. The reserve fund yields 5.15%. City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE E - LONG-TERM OBLIGATIONS - Continued S 11.399 245 Water Pollution Control Revenue Bonds (State Revolvin, Fund Program) Series 1995D due as to !lows: $11.39945 311755755 $23.155.000 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, 2000 was $7,979,471. The reserve fund yields 5.83%. 40 Year Ending Interest Principal Interest June 30 Rate Due Due Total 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 6.250 259.535 715,465 975,0 $11.39945 311755755 $23.155.000 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, 2000 was $7,979,471. The reserve fund yields 5.83%. 40 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE E - LONG-TERM OBLIGATION - Continued S 13510 000 Sewerage System Revenue Bonds (State Revolving Fund Program! Series 1996 due as follows: 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 I beginning in the year 2000. Interest is paid serni- annually on January I and July I beginning in the year 1997. 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 front 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 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, 2000 was $6,418,570. The reserve fund yields 5.70%. 41 Year Ending Interest Principal Interest June 30 Rate Due Due Total 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 27t, 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 1,021,93 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 I beginning in the year 2000. Interest is paid serni- annually on January I and July I beginning in the year 1997. 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 front 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 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, 2000 was $6,418,570. The reserve fund yields 5.70%. 41 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE E - LONG-TERM OBLIGATION - Continued $24,935,000 Waterworks System Revenue Bonds ( State Revolvine Fund Program) Series 1998 due as follows: 42 Year Ending Interest Principal Interest " June 30 Rate Due Due Total 2001 3.650% S 660,000 $ 1,165,317 $ 1,825,317 2002 3.750 695,000 1,141,228 1,836,228 2003 3.800 730,000 1,115,165 1,845,165 2004 3.900 770,000 1,087,425 1,857,425 2005 4.000 810,000 1,057,395 1,867,395 2006 4.000 870,000 1,024,995 1,894,995 2007 4.100 920,000 990,195 1,910,195 2008 4.200 1,000,000 952,475 1,952,475 2009 4.300 1,025,000 910,475 1,935,475 .. 2010 4.375 1,080,000 866,400 1,946,400 2011 5.250 1,110,000 819,150 1,929,150 2012 5.250 1,215,000 760,875 1,975,875 2013 5.250 1,300,000 697,087 1,997,087 2014 5.250 2,350,000 628,838 2,978,838 2015 5.250 2,445,000 505,462 2,950,462 2016 5.250 2,550,000 377,100 2,927,100 2017 4.500 2,655,000 243,225 2,898,225 2018 4.500 2.750.000 123 750 2,873,750 $24.935.000 $14.466.557 $39.401557 These bonds are dated December 1, 1998. The proceeds of the bond issue will be used for the extension and improvements to the waterworks system. Principal payments will be made annually on January 1 beginning in the year 2000. Interest is paid se r - annually on January 1 and July 1 beginning on July 1, 1999. The interest due on the 1998 Waterworks 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 waterworks system .. expenditures from the construction funds, the Department of Natural Resources will deposit an amount equal to 33.41% of the disbursement into the reserve fund. The maximum amount of funds that will be advanced to the reserve will be $8,517,235. As bonds are paid off, 33.41% of the amount of bonds will — be repaid to the Department of Natural Resources out of the reserve fund. The balance of the reserve fund at June 30, 2000 was $1,217,021 The reserve fund yields 4.71%. 42 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE E - LONG-TERM OBLIGATION - Continued $ 2,5 t0 000 Building and Equipment Leasehold Refunding & Improvement Revenue Bonds (Capital Improvements Project) Series 1993 due as follows: 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: $743,985 - Sewer Fund; and $1,766,015 - General Long- term Debt Account Group. Principal payments are made annually on March I and interest payments are made semi-annually on March 1 and September 1. 43 Year Ending Interest Principal Interest June 30 Rate Due Due Total 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 $2.510.000 24.000 $ 315.175 504.000 $2.825.175 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: $743,985 - Sewer Fund; and $1,766,015 - General Long- term Debt Account Group. Principal payments are made annually on March I and interest payments are made semi-annually on March 1 and September 1. 43 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE E - LONG-TERXI OBLIGATION - Continued S328,000 City of Cape Girardeau Missouri Lease Purchase Agreement dated June 17 1999 due as follows: The lease agreement is the obligation of the City of Cape Girardeau, Missouri. Principal and interest will be paid by the City from proceeds of the site lease and the lease agreement. The purpose of the lease agreement was to (1) rehabilitate and otherwise improve the A. C. Brase Arena Building and (2) acquire a building at the Cape Girardeau Regional Airport known as the "Lipp's Hanger". The lease principal is allocated $328,000 to the General Long -Term Debt Account Group. Principal payments are made annually on April I and interest payments are made semi-annually on April I and October 1. 44 Year Ending Interest Principal Interest June 30 Rate Due Due Total 2001 5.000% $ 23,000 S 16,400 $ 39,400 2002 5.000 24,000 15,250 39,250 ` 2003 5.000 25,000 14,050 39,050 2004 5.000 27,000 12,800 39,800 2005 5.000 28,000 11,450 39,450 2006 5.000 29,000 10,050 39,050 2007 5.000 31,000 8,600 39,600 2008 5.000 33,000 7,050 40,050 2009 5.000 34,000 5,400 39,400 2010 5.000 36,000 3,700 39,700 2011 5.000 38.000 1.900 39,90 5328000 $106.650 $434.650 The lease agreement is the obligation of the City of Cape Girardeau, Missouri. Principal and interest will be paid by the City from proceeds of the site lease and the lease agreement. The purpose of the lease agreement was to (1) rehabilitate and otherwise improve the A. C. Brase Arena Building and (2) acquire a building at the Cape Girardeau Regional Airport known as the "Lipp's Hanger". The lease principal is allocated $328,000 to the General Long -Term Debt Account Group. Principal payments are made annually on April I and interest payments are made semi-annually on April I and October 1. 44 City of Cape Girardeau, Missouri NOTES TO 1=INANCIAL STATEMENTS .. June 30, 2000 NOTE E - LONG-TERM OBLIGATIONS - Continued $ 491,000 City of Cape Girardeau Lease Purchase Agreement dated March 31 2000 due as follows: " Year Ending Interest Principal Interest June 30 Rate Due Due Total 2001 5.750% $ - $ 25,958 $ 25,958 2002 5.750 - 28,232 28,232 2003 5.750 - 28,232 28,232 2004 5.750 - 28,233 28,233 2005 5.750 491.000 28.233 519,233 r 5491.000 5138.888 $629.888 The lease agreement is the obligation of the City of Cape Girardeau Missouri. Principal and interest will be paid by the City from proceeds of the site lease and the lease agreement. The purpose of the lease agreement was to purchase approximately 12 acres in the south central portion of the City for the Public Works Department. The lease principal is allocated $491,000 to the General Lona term Debt Account Group. The principal payment is made at maturity and interest payments are made semi-annually on March I and September 1. 45 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE E - LONG -TERN[ OBLIGATIONS - Continued $ 2,390,000 Certificates of Participation (Convention and Visitors Recreation Facilities Project) Series 1993. 52.390.000 4 7 2 797 2 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, furnishing, and equipping of a convention and recreational center, softball and soccer fields, and improvements to the City Hall. The bond liability for the Series 1993 certificates is recorded in the General Long -Term Debt Account Group. Principal payments are made annually on April 1, and interest payments are made semi-annually on April 1, and October 1. I Year Ending Interest Principal Interest June 30 Rate Due Due Total 2001 4.800% $ 345,000 S 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 52.390.000 4 7 2 797 2 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, furnishing, and equipping of a convention and recreational center, softball and soccer fields, and improvements to the City Hall. The bond liability for the Series 1993 certificates is recorded in the General Long -Term Debt Account Group. Principal payments are made annually on April 1, and interest payments are made semi-annually on April 1, and October 1. I City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE E - LONG -TERN[ OBLIGATIONS - Continued S 2535,000 Certificates of Participation (Twin Lakes Project), Series 1994A Year Ending Interest Principal Interest June 30 Rate Due Due Total 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 80,00 2,360 82,36 $2.535 000 626.45 3 4 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 W 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. c The bond liability for the Series I994A Certificates is recorded in the Sewer, Water, and Solid Waste Funds. Principal payments are made annually on October 1, and interest payments are made semi-annually on April 1 and October 1. 47 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS Line 30, 2000 NOTE E - LONG-TERM OBLIGATIONS - Continued S 1,960,000 Certificates of Participation (Capital Improvements Projects) Series 1997A Year Ending Interest Principal Interest June 30 Rate Due Due Total 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 69,250 2007 5.000 335000 16.750 351,750 $1,960.000 $ 389.067 $2,349,067 The certificates are obligations of the City of Cape Girardeau, Missouri under a Lease Purchase Agreement between the City and the Cape Girardeau (Missouri) Public Facilities Authority (the "Corporation"), the Corporation will assign the right to receive rental and other receipts from the City to Union Planters National Bank (the "Trustee"). The purpose of the 1997A Series certificates is to (1) pay the costs of completing the construction, furnishing and equipping of a convention and recreational facility that constituted part of the 1993 project, (2) pay the costs of acquiring, constructing, furnishing and equipping various equipment and capital improvement projects, (3) fund the debt service requirements for the Series 1997A Certificates, and (4) pay the costs of issuance of the Series 1997A Certificates. The 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 Apra 1 and October 1. I 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 1997B Series certificates is to (1) defease $755,000 outstanding principal amount of Cape Girardeau (Missouri) Public Facilities Authority, Building and Equipment Leasehold Revenue Bonds (Airport Improvement Project) Series 1990B, and (2) pay the costs of issuance of the Series 1997B Certificates. The bond liability for the Series 19978 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 1 and October 1. 49 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE E - LONG-TERM OBLIGATIONS - Continued $535,000 Certificates of Participation (Capital Improvements Projects) Series 19978 �+ Year Ending Interest Principal Interest June 30 Rate Due Due Total 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 2004 5.000 85,000 14,500 99,500 2005 5.000 205.000 l0 250 215,25 $535 4Q4 S 92.680 6$ 27.68Q 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 1997B Series certificates is to (1) defease $755,000 outstanding principal amount of Cape Girardeau (Missouri) Public Facilities Authority, Building and Equipment Leasehold Revenue Bonds (Airport Improvement Project) Series 1990B, and (2) pay the costs of issuance of the Series 1997B Certificates. The bond liability for the Series 19978 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 1 and October 1. 49 The cash and investments available to service Revenue Bonds are $3,836,608 and $1,145,118 for the Sewer Fund and Water Fund respectively, 50 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE E - LONG-TERivI OBLIGATIONS - Continued The annual requirements to amortize all debt outstanding as of June 30, 2000 including total interest payments of $43,531,490 are as follows: General Leasehold Certificates Year Ending Obligation Revenue Revenue of June 30 Bonds Bonds Bonds Participation Total 2001 $ 461,805 $ 5,297,615 $ 888,583 S 1,317,175 $7,965,178 ` 2002 463,555 5,964,971 873,982 1,355,883 8,658,391 2003 458,875 6,063,992 540,482 1,374,363 8,437,712 2004 458,125 6,189,152 286,283 1,393,496 8,327,056 2005 461,250 6,309,097 1,062,683 1,837,915 9,670,945 2006 - 6,478,579 39,050 435,382 6,953,011 2007 - 6,539,800 39,600 981,875 7,561,275 2008 - 6,742,043 40,050 80,845 6,862,938 2009 - 6,832,138 39,400 76,768 6,948,306 . 2010 - 6,445,301 39,700 82,360 6,567,361 2011 - 5,736,201 39,900 - 5,776,101 2012 - 6,866,397 - - 6,866,397 2013 - 4,440,017 - - 4,440,017 2014 - 5,376,906 - - 5,376,906 2015 - 5,136,696 - - 5,136,696 2016 - 5,026,875 - - 5,026,875 2017 - 4,960,195 - - 4,960,195 2018 - 3,931,440 - - 3,931,440 2019 1,021,935 1,021,935 $ 2.303.610 $105359 350 $ 3,889,713 $ 8 936 062 $120 488 735 The cash and investments available to service Revenue Bonds are $3,836,608 and $1,145,118 for the Sewer Fund and Water Fund respectively, 50 + City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE E - LONG-TERM OBLIGATIONS - Continued The cash and investments available to service the Leasehold Revenue Bonds in the Enterprise Funds and the General Lon,, -term Debt Account Group are $292,221 and $1,526,465 respectively. The cash and investments available to service the Certificates of Participation in the Proprietary Funds and the General Long-term Debt Account Group are $526,056 and $938,293 respectively. Included in restricted cash on the balance sheet of the Proprietary Funds is $6,851,929 which is the balance in the various project accounts which represent incomplete projects at June 30, 2000. 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 June 30, 1996, the City defeased (in -substance) $8,090,000 of Water Revenue Bonds. New debt was issued and the proceeds were used to purchase U.S. government securities that were placed in trust funds. The investments and fixed earnings from the investments are + sufficient to fully service the deferred debt until the debt is called at par on March 1, 2002. For financial reporting purposes, the debt has been considered defeased and therefore removed as a liability on the face of the balance sheets 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 June 30, 2000. 51 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE G - DEFICIT FUND BALANCES/RETAINED EARNINGS The following individual funds have deficit fund balances/retained earnings at June 30, 2000. Special Revenue Funds Vision 2000 S 7 ' Enterprise Funds Sewer Fund 108,467 Solid Waste Fund 58,760 ' Golf Course Fund 45,775 Softball Complex Fund 175,810 NOTE H - PENSION PLAN 1. Plan Description ,. The City of Cape Girardeau participates to the Missouri Local Government Employees Retirement System (LAGERS), an agent multiple -employer public employee retirement system that acts as a common investment and administrative agent for local government entities in Missouri. LAGERS is a .. defined benefit pension plan which provides retirement, disability, and death benefits to plan members and beneficiaries. LAGERS was created and is governed by statute, Section RSMo. 70.600 - 70.755. As such, it is the systems 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. Funding Policv The City of Cape Girardeau's full-time employees do not contribute to the pension plan. The political subdivision is required by state statute to contribute at an actuarially determined rate; the current rate is 7.3% (general), 7.4% (police) and 13.4% (fire) of annual covered payroll. The contribution requirements of plan members are determined by the governing body of the political subdivision. The contribution provisions of the political subdivision are established by state statute. 52 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS ., June 30, 2000 NOTE H - PENSION PLAN - Continued 3. Annual Pension Cost For 2000, the political subdivision's annual pension cost of $924,3 t3 was equal to the required and actual contributions. The required contribution was determined as part of the February 28, 1998 and/or 1999 annual actuarial valuation using the entry age actuarial cost method. The actuarial assumptions included (a) a rate of return on the investment of present and future assets of 7.0% per year, compounded annually, before retirement and 4.0% per year, compounded annually, after retirement, (b) projected salary increases of 4.0% per year, compounded annually, attributable to inflation, (c) additional projected salary increases ranging from 0.0% to 4.0% per year, depending on age, attributable to seniority/merit, and (d) pre -and post-retirement mortality based on the 1984 Group Annuity Mortality table set back no years for men and 6 years for women. The actuarial value of assets was determined using techniques that smooth the effects of short-term volatility in the market value of investments over a five-year period. The unfunded actuarial accrued liability is being amortized as a level percentage of projected payroll on an open basis. The amortization period at February 29, 2000 was 15 years. Three -Year Trend Information Fiscal Annual Percentage Net Year Pension Of APC Pension Ending Cost (APC) Contributed Oblieatiou 06/30/98 887,717 100% 0 06/30/99 935,802 100% 0 06/30/00 924,313 100% 0 53 Note: The above assets and actuarial accrued liability do not include the assets and present value of benefits associated with the Benefit Reserve Fund and the Casualty Reserve Fund. The actuarial assumptions were changed in conjunction with the February 29, 1996 annual actuarial valuations. NOTE I - INTEREST EXPENSE r Interest cost, including handling charges, totaling $3,742,495, excluding $187,316 of interfund interest, was incurred during the year ended June 30, 2000. No interest cost was capitalized as part of the cost of assets constructed during the period. 54 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE H - PENSION PLAN - Continued 3. Annual Pension Cost — Continued Required Supplementary Information Schedule of Fundine Progress (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 Pavro 11 Payroll 02/28/98 $15,866,088 $15,663,640 ($202,448) 101% $9,166,334 ( 2%) 02/28/99 17,502,029 16,952,486 ( 549,543) 103% 9,497,630 ( 6%) 02/29/00 20,882,363 18,314,435 (2,567,928) 114% 10,314,954 ( 25%) Note: The above assets and actuarial accrued liability do not include the assets and present value of benefits associated with the Benefit Reserve Fund and the Casualty Reserve Fund. The actuarial assumptions were changed in conjunction with the February 29, 1996 annual actuarial valuations. NOTE I - INTEREST EXPENSE r Interest cost, including handling charges, totaling $3,742,495, excluding $187,316 of interfund interest, was incurred during the year ended June 30, 2000. No interest cost was capitalized as part of the cost of assets constructed during the period. 54 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE J - INTERFUND RECEIVABLES AND PAYABLES The following is a sur unary of interfund balances as of June 30, 2000: Due to/from other funds: Geaersl Fund CDBG Fund Sewer Fund rt. Capital Improvement Sales Tux Advance to/from other funds: r General Fund Sewer Fund Solid Waste Fund Golf Course Fund SoRhall Complex Fund Due to Due from $ 2,177,228 $ 425,000 45,227 - 2.132.001 475.000 4 � 602 228 5 � 602 2�R Adv:mces from Advances to $ 1,667,500 $ - 337,500 750,000 390,000 190,000 SI 66750(1 $I 667500 55 NOTE K - SEGMENT INFORMATION FOR ENTERPRISE FUNDS The City maintains five enterprise funds which provide sewer, water, solid waste, golf, and softball complex services. Segment information for the year ended June 30, 2000 was as follows: Softball Sewer Water Solid Waste GolfCcurse Complex Total r Fund Fund Fund Fund Fund Enter Grunting revenues $2,419,462 $4,544,043 $2.240,800 $ 501,825 $ 136,581 $9,842,711 Depreciation 1,192,525 461,688 131,070 63,505 8,840 1,857,628 Operating Income (Loss) (100,650) 908,289 65,593 (38,045) (215.209) 619,978 Operating transfers in 520,498 - - 69,500 226,851 816,849 Net lneome(Loss) (262,874) 305.664 107,909 7,655 131 158,485 Current Capital Contributions 540,551 3,001,523 - - - 3.542,074 Property, Plant and Equipment Additions 3.902,636 3,320.394 377,499 57,928 2.920 7,661,377 Deletions - (51,366) - - - (51,366) Net Working Capful 8,073.399 2.075,751 53,726 (386,578) (194,379) 9,621,919 TendAssets 55.065,699 21,247,155 2,007,140 390,205 44,892 78.755,091 Bonds said Other Long=revs Liabilities Payable from Operating Revenues 32,161965 10,625,056 390,000 - - 43.177,021 Total Equity $18,051,796 $9,432,041 $229825 $ (45,130) $ (172.684) ,$27495,848 55 r City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 r NOTE L - RESERVATION OF FUND EQUITY At June 30, 2000, the City had reserved its fund equity as follows: r General Fund Reserved for emergency fund 5 3,085,288 Reserved for prepaid items 67,411 Reserved for ntivance 1,667,500 Reserved for maumleum maintenance 71,531 r Reserved rear encumbrances 42.101 % 493381 Special Revenue Funds r ConvealmniNielm¢ Fund Reserved Por emergency Pond 5 64,066 Reserved Nrprepaid Imes 2,115 Reserved for encumbrances 5,665 Reserved fer River Campus 148.060 r ,wpsm Reserved for prepaid items 33,775 R.,W forenainbrances 2,999 Parks and Rxreadon Fund r Revmved rear prepaid, tees 1,064 Reserved foreacumb,ance 2,029 Health Reserved for emergency fund 125aW r Reerved for prepaid items 207 Reserved for encvmbmnces 500 Mao, Fuel Tax Reserved for encumbrances 3,625 Capital Improvement Seles Tax (Water Pmiecn) Reserved for emergency Pond 235,408 Capful Improvement Sales Tax tFlood Convoy Reserved for encumbrance 17,693 Transportation Sales Tax Trust Fund r Reervcd for encumbrances 4413375 055381 Debt Service Fund Reserved far debt se,me S 2,186,138 r Reserved far emergency fund 264.966 % 2451104 Csp1u1 Prgects Funds r General Capital lmprevmmnt Fund Reserved b encumbrances sexex lmpmverems Reserved for encumbrances FAU street Gram Fund r Reserved for encumbrances Community Development Rlwk Grant Fund Rearved fix eC(mamic developme n loan repayments _ Reserved for encumbrances r Park Improvements Remrved for encumbrances Carl, Flood Cmno1 Reserved far encumbrances r Water Project, Fund-- Reervedfo,encumbrances-- 56 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE M - RESERVED RETAINED EARNINGS AND RESTRICTED ASSET ACCOUNTS As of June 30, 2000, the reserved portion of retained earnings for the Enterprise Funds are as follows: At June 30, 2000, the City has restricted assets in its Proprietary Funds as follows: Sewer Fund Reserved for emergency Pond $ 450,000 Reserved for debt service 36,667 Water Fund Sewer Fund Reserved for emergency fund 470,000 Reserved for debt service 150,000 r Solid Waste Fund Solid Waste Fund Reserved for emergency fund 230.000 Total reserved retained earnings L�6 667 Replacement Fund At June 30, 2000, the City has restricted assets in its Proprietary Funds as follows: Total $10,985,180 1,479,365 124,511 2 $6� 55737122 $12589„Ogy NOTE N - 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, and an expense provision and related liability were recognized at that time based on the future closure and postclosure care costs that were estimated to be incurred near or after the date the landfill no longer accepted waste. The entire amount of the estimated total costs for landfill closure and postclosure care costs was recognized in prior years since the recognition is based on landfill capacity used to date and the landfill was filled to capacity in prior years. The estimated total future liability for landfill postclosure care costs is $288,000 as of June 30, 2000, which is based on the amount that would be paid if all equipment, facilities, and services required to close, ramutor, and maintain the landfill were acquired as of June 30, 2000. 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. 57 ■ Revenue Bond Bond Sinking and Construction Reserve Fund Sewer Fund $6,531,563 $4,453,617 Water Fund 320,360 1,159,005 Solid Waste Fund 4 124,501 Equipment Replacement Fund 2 - Total $10,985,180 1,479,365 124,511 2 $6� 55737122 $12589„Ogy NOTE N - 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, and an expense provision and related liability were recognized at that time based on the future closure and postclosure care costs that were estimated to be incurred near or after the date the landfill no longer accepted waste. The entire amount of the estimated total costs for landfill closure and postclosure care costs was recognized in prior years since the recognition is based on landfill capacity used to date and the landfill was filled to capacity in prior years. The estimated total future liability for landfill postclosure care costs is $288,000 as of June 30, 2000, which is based on the amount that would be paid if all equipment, facilities, and services required to close, ramutor, and maintain the landfill were acquired as of June 30, 2000. 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. 57 ■ City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE O - 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. These risks, with the r 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 six 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 sit 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. From July 1, 1999 to December 31, 1999, the City's health insurance coverage was provided by group insurance provided by Missouri Consolidated. Other city funds were charged by the internal service fund to cover the cost of the premiums. Effective January 1, 2000 the City's health plan was changed to a self- insured plan. Under this plan, the City paid Century Planners a monthly premium for claims administration. The City also purchased reinsurance from Perico LTD at an approximate annual cost of $150,000 to limit its claims exposure to $50,000 annually per insured and approximately $1,275,000 or 125% of actuarial expected claims for all insured. Other city funds were charged by the internal service fund at amounts that would cover actuarial expected claims of approximately $1,000,000, reinsurance costs, and claims administration costs. Corporate Claims Management, Inc administers the City's workmen's compensation plan. Under this 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. 58 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE O - 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: The City has uncollaterahzed 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 miximum accounting loss is the amount shown as utility charges receivable ` on the Combined Balance Sheet. At June 30, 2000, utility receivables totaled $2,071,233. On the financial statements, the utility receivables are shown net of the allowance for doubtful accounts of $789,089. This results in net utility receivable of $1,282,144. 59 CLAIMS LIABILITIES RECONCILIATION ` Health Workers' Insurance Compensation Total Balance, July 1, 1997 $ 135,194 $ 156,939 $ 292,133 ` Provision for Incurred Claims 989,135 403,511 1,392,646 Payment ofClaims (904,329) (171.454) (1,075,783) Balance, July 1, 1998 $220,000 $ 388,996 $ 608,996 Provision for Incurred Claims 478,229 121,155 599,384 Payment of Claims (698,229) (212946) (911,175) Balance June 30, 1999 - $ 297,205 $ 297,205 ,. Provision for Incurred Claims 778,268 252,105 1,030,373 Payments of Claims (628.268) (220,602) (848,870) Balance June 30, 2000 $ 150 OOQ $ 328.708 $ 478 708 NOTE P - CONCENTRATION OF CREDIT RISK/BAD DEBT ALLOWANCE The City has uncollaterahzed 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 miximum accounting loss is the amount shown as utility charges receivable ` on the Combined Balance Sheet. At June 30, 2000, utility receivables totaled $2,071,233. On the financial statements, the utility receivables are shown net of the allowance for doubtful accounts of $789,089. This results in net utility receivable of $1,282,144. 59 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 NOTE Q - COMMITMENTS AND CONTINGENCIES 1. Litigation 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, 2000, the City had construction commitments outstanding of $23,262,370 4. Encumbrances As of June 30, 2000, the City had encumbrances outstanding of $24,636,014. S. Environmental Remediation City management is aware of one instance of environmental contamination of City owned property. City management is actively resolving these concerns. A Plan Of Action has been approved by the Missouri Department of Natural Resources ("DNR") for the contamined site. In the opinion of City management, the expenses associated with environmental remediation of these and other potential sites will not be significant to the City's financial statements. 60 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 2000 61 NOTE R - CONTRIBUTED CAPITAL, The changes in the contributed capitat accounts for the enterprise funds were as follows: Schd Golf Softball Sources Sewer Water Waste Course Complex Total Beginning Balance July 1, 1999 $17,619,712 $ 5,116,706 $ 288.585 $ 645 $ 3,126 $23.028,774 w' Contributing Sources: Donated asset by developers 350.635 147,844 - - 498,478 Connexion fees 189.916 - - - - 189.916 State & Federal Grants - 2.853 679 - - 1.85167 679 Ending Balance, June 30, 2000 $I81fiO3¢j $ 8118229 -$_jg$j$$ $ fi45 $ 3124 v6570847 NOTE S - EXCESS OF EXPENDITURES/EXPENSES OVER APPROPRIATIONS For the year ended June 30, 2000 expenditures/expenses exceeded appropriations in the individual funds as follows: Bud et Actual Variance Parks and Recreation $1,189,436 $1,197,476 $8,040 Motor Fuel Tax 1,463,800 1,523,907 60,107 Capital Improvement Sales Tax-WaterProi. 1,904,500 3,408,875 1,504,375 Capital Improvement Sales Tax -Sewer Sys. 210,500 520,498 309,998 Vision 2000 14,000 15,223 1,223 Debt Service 4,077,920 4,100,266 22,346 General Capital improvement - 484,375 484,375 Sewer 9,283,747 10,183,654 899,907 Golf Course 550,527 553,676 3,149 Employee Fringe Benefit 1,487,275 1,629,226 141,951 Equipment Replacement 464,485 486,777 22,292 61 COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS 63 City of Cape Girardeau, Missouri GENERALFUND COMPARATIVE BALANCE SHEET JUNE 30, 2000 AND 1999 2000 1999 ASSETS Pooled cash and investments $615,216 $1,894,143 Receivables, net of allowances for doubtful receivables Real estate, personal property and merchant taxes 41,333 43,630 Sales tax 655,874 635,099 Franchise lax 1,003,447 1,079,365 Special assessments receivable 121,372 106,252 _ Interest receivable 376,367 382,551 Other receivables 6,973 45,975 Intergovernmental receivables Grants receivable 96,649 167,658 Due from other funds 2,177,228 1,523,583 Advances to other funds 1,667,500 1,667,500 Inventories 129 216 Prepaid items 67,411 64,836 Total assets $6,829,499 $7,610,808 LIABILITIES AND FUND BALANCES Accounts payable $250,027 $301,496 Accrued liabilities Salaries, payroll taxes and benefits 17,025 331,612 Other liabilities 108,648 174,442 Due to other governments 205 205 Due to other funds 425,000 - _ Deferred revenue 165,149 153,364 Total liabilities 966,054 961,119 Fund Balances Reserved for emergency fund 3,085,288 0 Reserved for prepaid items 67,411 64,836 Reserved for advances 1,667,500 1,667,500 Reserved for mausoleum maintenance 71,531 67,584 Reserved for police projects - 48,128 Reserved for encumbrances 42,101 50,115 Unreserved 929,614 4,751,526 Total fund balances 5,863,445 6,649,689 Total liabilities and fund balances $6,829,499 $7,610,808 63 City of Cape Girardeau, Missouri GENERALFUND SCHEDULE OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30,2M VARIANCE l+ FAVORABLE BUDD ACTUAL (UNFAVORABLE) + REVENUES T.. $11,4H,685 $11,294678 ($1]4,00]) Licens¢s aM permits 1,044,500 1,094844 50,344 Inler,ovemmBnlal 455,912 807,136 351,224 Ctmr9es for wvices 33124 361,699 34459 + Inlerdr,'onen151 services 592,750 61],09] 24,34] Finesam lodetule5 765,000 786261 21,261 Mswelmreous 85.54 178, 0. 92,943 Imre9menl revenue 258]00 287,432 28.732 r Spu,,iw. wssmenm 6,000 1.025 (4,975) TOTAL REVENUES 15,004287 15,424,615 420,328 EXPENORURES + Current aervicee City unN w 3],]88 36,810 91 r er, Human Hurewumas 201.598 200.058 1,540 City 10 2029642 205,609 (3,529) ` Pu611c.. 55, 50,491 5,151 aacm CM a, 189.469 192,601 (3,134) Flrmrce 404230 388,300 15,933 Inotaapartn, 600,080 611,1,362 (11,3021 + TOWl alminlahadve services 1,890,861 1,ft95,231 5.636 O¢vtlryrrenl servees m rvkas 312,745 312,153 (4,108) lr n t,,,.,ee 278 3632]8 3Kp2a 16854 EV ErgiTurdg 515230 dFiLsfo 60,866 + nol r aevabpmenl Cammtruns, I14,7$0 59,664 45,OE6 ur. PTootl 1rerrepcnueel 3`2,030 303,303 49,591 Triald...WMs¢rvk¢s 1,858,43 1,513,614 142,369 PPMt end recreamn Pant meinmrerce 913,652 921992 (8,340) ` Cemetery 14,237 131,911 6,322 FToedy 156,314 152.591 3,623 Tams ant recreation mtnn, AM nec 1210,203 124,598 31605 fru, PUMIc salary + ice el wun 24,540 201,038 7,U2 Police 4,20,513 4,759,592 10.921 Fire 3,1]4,8]5 3.17&04] 2,828 Haved t 239,04 24.3 ) Tovil putuelkry 8.393,028 8.7.08 1(91,,8363 r PtwoloiSre 1.521194 1,51],068 4126 seurn Smrmwamr 324,435 293,238 31,19] Tomlpudic works 1,975.929 1910,306 35,623 Conlir,enry 78,40 ]6.946 1,054 + Debt Service Intemel eref fiscalclmrges Tocol d6l service e + TOTALEXPENDRURES 14,974, M0 14,]65,710 208270 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDRURES 3029 656855 626,s98 OTHER FINANCING SOURCES (USES) Operate, o-analera In 912.450 912.450 - Operatin9transfers out (229$07) (2242,498) 14,709 TOTAL OTHER FINANCING SOURCES (USES) (It4 ,75]) (1,434041) 14,74 EXCESS(DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES ($1,414,54) AM 193) $613,30] �li 1 1 1 1 1 1 I 1 1 I 1 1 1 1 1 1 i 1 F pry oI GP UBerAw1. Yuou1 9PfpY PCYENUE WNM COYBHMN1S1lANt[BXEC! M�. IMIN Cmmw. Iw Jup ]41 W 9) r Ww w. ToW e Gp'W GpM1Y GpYI G�mew Anwowmul bpor Ilnpmreme GnvutloNBl,l Yolw 6dp }u 6eWTue1 GIp T. ilwpwltlm IooO Vbbn SpJy{ JNtlYe— dROG JW41c R—d—L BYWtlen IYYO Fluliu If10mL01tl]O{ = SYUSu 90YLtlCY 2tlN �J 'ffiJD® ASSET6 Pc[Mt uNW MypwnY Al., A. 31". SIM@e $1IH91 Y10.1)6 A19jt3 Y)S,YB {10 pN ..141500 Na3 6.11 110bo01., 411 )570960 M1 AMA,reldatlwerculu QJY PYAM. MA W WMmMY WtcWWe ].J)1 _ _ - - ] IYesWWa 5].505 _ 1siwe 5]565 10339 WbOW IU. v 518 WbvYYY Wvina Ws - - - IS.IOBIA,IJ 95] Wb M Xulw, M—u . W 8RR3]5a05,.,.3531>331B68) V.71 3 AWSSpY'u'UbcuW uA. _ 31150 179 RubAuw 9451. .7 Cua OwntlNrluv{ �_ 35. D.0 __ iud upb 1959110 1113210 330A11 3113316 f>7�eA96 19W 3'0 517512 f1,MOSm 533,161 $703Po 31 Yct $44812 S13aW 0>1 $1,593253 WG S AMU WNO A/.IAMLES I¢wNPYWY 118519 W.A. } .2.9. 516501 } 53,M5 13,016 } 693519 5- NA19 E61B 396 633 A31 Glei4pay7B.-A MNbreXp 1281 - 313.7 - _ - 300]87996 YpeYYA - 3201 $291 3,301 UEIeI Wtlww 313 3,106 11.518 - .1 U1 GUMTA a w 41.61 213 R_ 313]8 SA10 33 C. 5109Vv TeW llewllYe 131)56) ]5b0 1310) 3,Wtl 11M 81AlUU 1819 120),519 152,306 FtxId p fl.:A elm9ary NM 04,E - 45.[f0 - Z15A[e -411 flawuwflN>Gngn %ged I1A0"A _ - 110. M° N ubgewtlpmv 3,115 U,TS I,O01 - 3].161 Y W mMuua 5465 3,JW ;OR MI. . 113,3)5 k415 A 109.510 U �u WI 467 31II6 18,>33 3,169 ®R,OM 838,>W 153.,]61. ]9)}m RI].1B1 �j 113392CA TAY Nrd.— 02 `1313 6 dp 11 C. 1y])W 940= RI].1M 6.5�0.)ei N3 _jj 6201555 11.815',.6 Taal W M11Ge en61u10MWPe $058210 f113210 iRO $112.M0 31 AIAA i6M,3W 1]]1513fI M02Y Y�]IY {].393231 YU 6.04 312.103,074 $122.53 I 1 1 i 1 I 1 I I i I 1 1 1 1 1 1 1 1 Romewm STATE EMENT OrR FAEExuEENENENrvpeH]NDCNE 'MCAL YEAR ENDED A— � MADE I TO CAFTAL xRDu CANNTAL Oo YFROYELsF! "vunrro I.D.M.E.. .Baum. BALLEBTLE E.NT FLOOD nA.NMAN N ET, m [uEx ue NI.N.E E I .i NTOIF.,me .E. A TOM, F19 H ll].— it IDsbls I mx� 3]9A414 SfW m�r�mm Cv. IWAas 6.150 N,A 11 714 TOTAL REVENUE] I ni J_�147C FDEXOINpEH dni CMNMp.Hrw - 1 FuD, A&A N,1o1 IaRw ♦]u]I] n5'so,x7 p Thal COMM ILE` TOTAL ELFIENNATUNCES .,.7 TCT. 'Li Ci on "ll AM ,CE gGEHH 1OFFCE11Cn OF REVENUER a OVER IUNOERI WENOPURES 11 m]u J� 1."A TOOBzb bl 111 Hx P . m11ERH1.wcxoeouncER lusEsl A 315 ro+Lu9unW�a y,1 g1 1`1 Ji®mll yJ. 'ICy IF iDTnL.- F.AA.HOURCER IU DAN �� TraME, l wl]aa' . 1-1-1 yawroR N IOFNLENCYIOFR6 AND D1XER FlXIXLMOHOUIDDEDUPCEH Oqgp AND OTHERPX1MmO UHEd BE. i p1.OMl 1],OHI IID,vP sP'+AL1 IIH.MII 11 b].ml V1]]A1 xO,1w Ib,w11 PR 11]al IH53>RI FOND XngxDED, JULY AM AME AD ] �7. � I'll I' ONE. XO ......A, i 8TO iwp.m "1".1 11.111 � � L SPI]` �` � 15)1 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, 2000 REVENUES Taxes ` Charges for serviws Miscellaneous Inveshnent revenue ` TOTALREVENUES EXPENDITURES Current Administrative services TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES r OTHER FINANCING SOURCES (USES) Operating transfers out r TOTAL OTHER FINANCING SOURCES (USES) EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND ` OTHER FINANCING USES $1,045,000 8,000 11,480 15,800 1,080,280 407,001 407,001 673,279 (660,000) (660,000) $13,279 67 $1,221,867 6,847 4,231 51.186 1,284,131 302,630 302,630 981,501 (701,000) (701,000) $280,501 VARIANCE FAVORABLE (UNFAVORABLEI $176,867 (1,153) (7,249) 35.386 203,851 104,371 104,371 308,222 (41,000) (41,000) $267,222 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, 2000 $200,600 $125.000 105,800 80,256 112,670 130,824 3,500 2,431 422.570 338.511 741,345 675,319 13,500 19,853 5,091 754.845 700,263 (332,275) (361,752) 332,275 REVENUES 332,275 Intergovernmental revenue Charges for services Miscellaneous Investment revenue TOTALREVENUES EXPENDITURES Current Administrative services Debt Service Principal Interest and fiscal charges ` TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES OTHER FINANCING SOURCES (USES) Operating transfers in TOTAL OTHER FINANCING SOURCES r (USES) EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES 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, 2000 $200,600 $125.000 105,800 80,256 112,670 130,824 3,500 2,431 422.570 338.511 741,345 675,319 13,500 19,853 5,091 754.845 700,263 (332,275) (361,752) 332,275 332,275 332,275 332,275 68 $- ($29,4n) VARIANCE FAVORABLE (UNFAVORABLE) ($75,600) (25,544) 18,154 (1.069) (84,059) 66,026 (6,353) (5,091) 54,582 (29,477) ($29,4P) City of Cape Girardeau, Missouri DOWNTOWN BUSINESS DISTRICT SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30, 2000 VARIANCE BUDGET ACTUAL FAVORABLE (UNFAVORARLFI REVENUES Taxes $17,200 $14,571 ($2,629) Investment revenue 300 1,602 1,302 TOTAL REVENUES 17,500 16,173 (1,327) EXPENDITURES Current Development services 24,500 24,228 272 TOTAL EXPENDITURES 24,500 24,228 272 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ($7,000) ($8,055) ($1,055) r r r 60 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, 2000 REVENUES Charges for services Miscellaneous Imesunent,mme TOTAL REVENUES EXPENDITURES Current Parks and recreation TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES OTHER FINANCING SOURCES (USES) Operating transfers in �. Operating transfers out TOTAL OTHER FINANCING SOURCES (USES) EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES $435,500 5,400 6.500 447,400 1,161,436 1,161,436 (714,036) 694,036 (28,000) 666,036 ($48,000) 70 $460,774 4,283 9.132 474,189 1,164,476 1,164,476 (690,287) 694,036 (33,000) 661,036 ($29,251) VARIANCE FAVORABLE (UNFAVORABLEI $25,274 (1,117) 2,632 26,769 (3,040) (3,040) 23,749 (5,000) (5,000) $18,749 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, 2000 $216,126 7,500 4,700 10.200 238,526 238,545 238,545 (19) 500,000 500,000 $499,981 71 $220,532 5.808 5,190 14,578 248,108 221,579 221,579 24,529 500,000 500,000 VARIANCE FAVORABLE IUNFAVORABLEI $4,406 (1,692) 490 4,378 7,582 16,%6 16,966 24,5411 $524,529 $24,548 REVENUES `. Taxes Licenses aM pends Intergovemmental Charges for services Imestnent revenue TOTAL REVENUES EXPENDITURES Current Public safety TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES OTHER FINANCING SOURCES (USES) Operating transfers in r TOTAL OTHER FINANCING SOURCES (USES) EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES 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, 2000 $216,126 7,500 4,700 10.200 238,526 238,545 238,545 (19) 500,000 500,000 $499,981 71 $220,532 5.808 5,190 14,578 248,108 221,579 221,579 24,529 500,000 500,000 VARIANCE FAVORABLE IUNFAVORABLEI $4,406 (1,692) 490 4,378 7,582 16,%6 16,966 24,5411 $524,529 $24,548 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, 2000 BUDGET ACTUAL $1,385,000 35,000 420,000 1,420,000 (1 663,800) (1,463,800) $1,423,278 88.485 1,511,763 60,107 60,107 1,451,656 (1,463,800) (1,463,800) VARIANCE FAVORABLE (UNFAVORABLEI $38,278 53,485 91,763 (60,107) (60,107) 31,656 ($43,800) ($12,144) $31,656 72 REVENUES Intergowrrmental r Imestment revenue TOTALREVENUES EXPENDITURES Current Public works TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES OTHER FINANCING SOURCES (USES) Operating transfers out TOTAL OTHER FINANCING SOURCES (USES) EXCESS (DEFICIENCY) OF REVENUES r AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES 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, 2000 BUDGET ACTUAL $1,385,000 35,000 420,000 1,420,000 (1 663,800) (1,463,800) $1,423,278 88.485 1,511,763 60,107 60,107 1,451,656 (1,463,800) (1,463,800) VARIANCE FAVORABLE (UNFAVORABLEI $38,278 53,485 91,763 (60,107) (60,107) 31,656 ($43,800) ($12,144) $31,656 72 73 City of Cape Girardeau, Missouri r CAPITAL IMPROVEMENT SALES TAX SPECIAL REVENUE FUND FLOOD CONTROL PROJECTS SCHEDULE OF REVENUES AND EXPENDITURES BUDGET AND ACTUAL (BUDGET BASIS) r FOR THE FISCAL YEAR ENDED June 30, 2000 r VARIANCE BUDGET ACTUAL FAVORABLE !UNFAVORABLE) r REVENUES Taxes $1,007,500 $1,156.73 $149,273 Investment revenue 77,500 112,660 35,160 TOTAL REVENUES 1,065,000 1,269,433 164,433 EXPENDITURES Current r Pubix works 542,400 117,493 424,907 TOTAL EXPENDITURES 542,400 117,493 424,907 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 542,600 1,151,940 609,340 OTHER FINANCING SOURCES (USES) Operating transfers out (2,563,000) (2,401,690) 161,110 TOTAL OTHER FINANCING SOURCES (USES) (2,563,000) (2,401,690) 161,110 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND r OTHER FINANCING USES ($2,020,400) ($1,249,950) $770,450 73 714 CAPITAL IMPROVEMENT SALES TAX SPECIAL REVENUE FUND WATER PROJECTS SCHEDULE OF REVENUES AND EXPENDITURES - _ BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30, 2000 VARIANCE FAVORABLE + BUDGET ACTUAL (UNFAVORABLEI + REVENUES Taxes $1,895,000 $1,885,815 ($9,185) Investment revenue 9,500 110.352 100,852 + TOTAL REVENUES 1,904,500 1,996,167 91,667 EXPENDITURES Debt Service + Principal 560,00 560,000 - Interestandfecalcharges 982,000 1,248,875 (266,875) TOTAL EXPENDITURES 1,542,000 1,808,875 (266,875) + EXCESS (DEFICIENCY) OF REVENUES + OVER (UNDER) EXPENDITURES 362,500 187,292 (175,208) OTHER FINANCING SOURCES (USES) + Operating transfers in - 1,198722 1,196,722 Operating transfers out (362,500) (1,600,000) (1,237,500) TOTAL OTHER FINANCING SOURCES + (USES) (362,500) (401,278) (38,778) EXCESS (DEFICIENCY) OF REVENUES + AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES $- ($213,986) ($213,986) 714 75 CAPITAL IMPROVEMENT SALES TAX SPECIAL REVENUE FUND SEWER SYSTEM IMPROVEMENTS SCHEDULE OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30, 2000 VARIANCE RUOGET ACAS FAVORABLE (UNFAVORABLE) REVENUES .. Tares $857,250 $726,532 ($128,718) Invesonent revenue 7,206 7,206 TOTAL REVENUES 857,250 735,738 (121,512) TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 857,250 735,738 (121,512) OTHER FINANCING SOURCES (USES) Opere0ng transfers out (210,500) (520,498) (309,998) TOTAL OTHER FINANCING SOURCES (USES) (210,500) (520,498) (309,998) EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES $646,750 $215,240 ($431,510) 75 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, 2000 $3,699,500 220,000 325,000 4,244,500 8,651,500 8,651,500 (4,407,000) 200,000 200,000 $3,682,948 372,376 27.434 4,082,758 8,306,151 8,306,151 (4,223,393) 200,000 200,000 VARIANCE FAVORABLE (UNFAVORABLE) ($16,552) 152,376 (297,566) (161,742) 345,349 345.349 183,607 ($4,207,000) ($4,023,393) $183,607 76 REVENUES Taxes Investruent revenue Special assessments TOTAL REVENUES EXPENDITURES Current Public works TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 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 $3,699,500 220,000 325,000 4,244,500 8,651,500 8,651,500 (4,407,000) 200,000 200,000 $3,682,948 372,376 27.434 4,082,758 8,306,151 8,306,151 (4,223,393) 200,000 200,000 VARIANCE FAVORABLE (UNFAVORABLE) ($16,552) 152,376 (297,566) (161,742) 345,349 345.349 183,607 ($4,207,000) ($4,023,393) $183,607 76 City of Cape Girardeau, Missouri FLOOD PROTECTION SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30, 2000 77 $- S26 26 $- $26 VARIANCE FAVORABLE (UNFAVORABLEI $26 26 $26 r REVENUES Investment revenue TOTAL REVENUES EXPENDITURES Current Administrative services TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES _ City of Cape Girardeau, Missouri FLOOD PROTECTION SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30, 2000 77 $- S26 26 $- $26 VARIANCE FAVORABLE (UNFAVORABLEI $26 26 $26 r City of Cape Girardeau, Missouri VISION 2000 SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL (BUDGET BASIS) r FOR THE FISCAL YEAR ENDED June 30, 2000 VARIANCE BUDGET ACTUAL FAVORABLE (UNFAVORABLE) REVENUES r Miscellaneous $3,500 $3,214 ($286) Investment revenue 79 79 TOTAL REVENUES 3,500 3,293 (207) EXPENDITURES Current Development services 14,000 15,223 (1,223) TOTAL EXPENDITURES 14,000 15,223 (1,223) r EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (10,500) (11,930) (1,430) OTHER FINANCING SOURCES (USES) Operating transfers in 10,693 10,693 r TOTAL OTHER FINANCING SOURCES (USES) 10,693 10,693 EXCESS (DEFICIENCY) OF REVENUES r AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES ($10,500) ($1,237) $9,263 City of Cape Girardeau, Missouri DEBT SERVICE FUND COMPARATIVE BALANCE SHEET JUNE 30, 2000 AND 1999 79 2000 1999 $988,048 $1,226,984 109,945 393,769 1,310,338 1,957,265 13,632 ASSETS 438,031 Pooled cash and investments r Non -pooled cash and cash equivilents 260 Non -pooled investments $2,898,981 Receivables, net of allowances for doubtful receivables Real estate, personal property and merchant taxes r. Special assessments receivable Interest receivable Other receivable Total assets LIABILITIES AND FUND BALANCES Accounts payable Interest payable Deferred revenue Total liabilities Fund Balances Reserved for debt service Reserved for emergency fund Unreserved Total fund balances Total liabilities and fund balances 79 2000 1999 $988,048 $1,226,984 109,945 393,769 1,310,338 1,957,265 13,632 14,055 438,031 490,719 38,727 39,585 260 260 $2,898,981 $4,122,637 $ - $800 285 285 447,592 502,960 447,877 504,045 2,186,138 3,618,592 oan A. $2,898,981 $4,122,637 City of Cape Girardeau, Missouri CAPITAL PROJECTS FUNDS COMBINING BALANCE SHEET June 30, 2000 (Witt Comparative Totals for June 30,1999) General Corp Capital Flood Street FAU Street CDBG Park Weler Totals Improvamept Control Improvements Grants GrnBt Improvements Eralec s OWDIN Qlw30 9 ASSETS Pooled cash and Investments $256,305 $1,320,183 $359,461 $251,104 $215,135 $145,018 $2,108,126 $4,655,332 $353],4]9 Non -pooled rash and cash equivalents - - - 2,287 140,964 21,961,220 22,104451 23,939,376 Non -pooled investments 140,682 - - - - - 140,682 150043 Grants asoolv.U. 61,530 - 95,439 15,10 - 172069 159,412 Special assessments receivable - - 9,317 - - - 9317 25,656 Interest receivable 5 584 - - - 589 4.194 Omer hsd.mtle - - - 18,115 - - 18,115 18,115 Notes receivable y Total assets $256.310 $1,522,979 $3687)8 $348,543 $250,617 $285,982 $24,069.346 $2],100555 $27,834,477 O LIABILITIES AND FUND BALANCES Amounts payable $ $- $3,645 $900 $398 $4,911 $828,457 $838,311 $722,223 Other Bermes. 2,388 - - 2388 Due to other 9ovemmems - 2,707 - - 2.]0] 2707 Due to other funds - - 45,227 - - 45,227 53,615 Defamed! revenue 9,317 9,317 35,415 Total liabilities 12,962 90 W.720 4,911 828057 897,950 813.960 Fund balances Re served 10, debt service Reserved for bond capital ezpendftmes - - - _ - 23,923.239 Reserved foremnomic dev. loan repymms. - - - - 1006]] - 100,6]] 95.121 Reserved for encumbrances 15,444 8,70 11615 7,689 36,763 2,942 13,977,383 14050,556 1,892,055 Unreserved 240,866 1,514,279 35.201 337,954 6$437 278.129 9,263,506 12,051,3]2 1,110,102 Total fund balances 256,310 1,52$979 355,Bi6 345,843 199,897 281,071 23,240,889 26.202,605 2],020,51] Total liabilities and fund Ireland., $256.310 $1,522,979 $368,]]8 $346,543 $250.617 $285,982 $24,069,346 $27,10,555 $27,834,477 I f l 1 1 1 1 1 1 1 1 1 1 1 1- i 1 1 1 City of Cape Girardeau, Missouri CAPITAL PROJECTS FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE FISCAL YEAR ENDED June 30, 2100 GENERAL CORP FAD CAPITAL IMPROVEMENT FLOOD CONTR0L STREET STREET IMPROVEMENTS GRANTS CDBG GRAM PARK IMPROVEMENTS WATER PROJECT $ TOTALS 1$99-2-200 REVENUES InlaryovemmenMl $- $11.489 $- $529,188 $181,428 $- $ $722,085 InvesUrxntn.anuu 13,698 39,628 11,478 101684 11,109 12,081 1,770,852 1.669.430 Special assessments 14.608 14,61)8 TOTAL REVENUES 13,698 51,117 26,0M 539752 192,537 12,081 1,770,862 2,606,123 EXPENDITURES Capel outlay 503,690 255,297 246,853 639,970 213,621 100,592 3,955,023 5,965046 Debt I.M . Interest and fiscal Charges 2,713 2 713 TOTAL EXPENDITURES 503,690 255,297 246,853 639,970 218,331 10,592 3.955,023 5967759 m .- EXCESS (DEFICIENCY)OF REVENUES OVER (UNDER) EXPENDITURES (489,992) (204180)220,767 1( 50218) (23.797) 88,511 (2,184,171) (3,361,636) OTHER FINANCING SOURCES (USES) Operating lranslem In - 1,228,000 341,900 71,900 19,598 38,997 1.600,000 3,300,348 Operzling lranslers out - - _ - (38.950) (1,198,722) (1,237,672) Bondpmceeds 481,048 481.048 TOTAL OTHER FINANCING SOURCES (USES) 481,048 1228,000 341,900 71,900 19598 401.278 2,543724 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES (8,944) 1.023,820 121,133 (78.318) (4,199) (86,511) (1]02,893) (817,912) FUND BALANCES, JULY 1 265254 499159 234583 423,981 204096 369,582 25,023,782 27,020,517 FUND BALANCES, JUNE 30 $256310 $1,522,979 $355,816 $545,643 $199,897 $281.071 $23,240,889 $26,202,605 r 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, 2000 VARIANCE BUDGET ACTUAL FAVORABLE (UNFAVORABLE) REVENUES Inves"entrevenue $- $14,864 $14,064 TOTAL REVENUES 14,664 14,864 EXPENDITURES Capital outlay 484,375 (484,375) TOTAL EXPENDITURES - 484,375 (484,375) EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (469,511) (469,511) OTHER FINANCING SOURCES (USES) Bond proceeds 481,048 481,048 r TOTAL OTHER FINANCING SOURCES (USES) 481,048 481,048 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND r OTHER FINANCING USES $- $11,537 $11,537 ti r r r REVENUES Intergovernmental revenue Investment revenue TOTAL REVENUES r EXPENDITURES Capital outlay TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES r OVER (UNDER) EXPENDITURES OTHER FINANCING SOURCES (USES) Operating transfers in TOTAL OTHER FINANCING SOURCES (USES) r EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND �. OTHER FINANCING USES City of Cape Girardeau, Missouri CORP FLOOD CONTROL CAPITAL PROJECT FUND SCHEDULE OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30, 2000 3 1.228.000 1,228,000 (1,228,000) 1,228,000 1,228,000 83 $11,489 40.965 52,454 263,997 263,997 (211,543) 1,228,000 1,228,000 VARIANCE FAVORABLE (UNFAVORABLE) $11,489 40,985 52,454 964,003 964,003 1,016,457 $1,016,457 $1,016,457 r REVENUES Intergovernmental Investment revenue Special assessments TOTAL REVENUES EXPENDITURES Capital outlay TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 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 r 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, 2000 $60,000 60,000 401,900 401,900 (341,900) 341,900 341,900 g4 $- 12,098 14,609 26,707 236,211 236,211 (20&604) 341,900 341,900 VARIANCE FAVORABLE (UNFAVORABLE) ($60,000) 12,098 14,609 (33,293) 165,689 165,689 132,396 $- $132,396 $132,396 City of Cape Girardeau, Missouri FAU STREET GRANTS FUND SCHEDULE OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30, 2000 $216.100 216,100 288,000 288,000 (71,900) 71,900 71,900 85 $529,168 11,481 540,649 2,174 2,174 538,475 71,900 71,900 VARIANCE FAVORABLE (UNFAVORABLE) $313,068 11,481 324,549 285,826 285,826 610,375 $- $610,375 $610,375 REVENUES Intergovernmental Investment revenue TOTAL REVENUES EXPENDITURES Capital outlay TOTAL EXPENDITURES r. EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 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 City of Cape Girardeau, Missouri FAU STREET GRANTS FUND SCHEDULE OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30, 2000 $216.100 216,100 288,000 288,000 (71,900) 71,900 71,900 85 $529,168 11,481 540,649 2,174 2,174 538,475 71,900 71,900 VARIANCE FAVORABLE (UNFAVORABLE) $313,068 11,481 324,549 285,826 285,826 610,375 $- $610,375 $610,375 City of Cape Girardeau, Missouri COMMUNITY DEVELOPMENT BLOCK GRANT FUND SCHEDULE OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30, 2000 $408,500 $181,428 12,054 408,500 193,402 r 212,537 2,713 453,500 REVENUES (45,000( Intergovernmental 45,000 Investment revenue 45,000 TOTALREVENUES r EXPENDITURES Capital outlay Debt service Interest enC fiscal charges TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 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 City of Cape Girardeau, Missouri COMMUNITY DEVELOPMENT BLOCK GRANT FUND SCHEDULE OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30, 2000 $408,500 $181,428 12,054 408,500 193,402 453,500 212,537 2,713 453,500 215,250 (45,000( (21,768) 45,000 19,598 45,000 19,598 86 VARIANCE FAVORABLE (UNFAVORABLEI ($227,072) 12,054 (215,018) 240,963 (2,713) 238,250 23,232 (25,402) (25,402) $- ($2,170) ($2,170) r REVENUES r Investment revenue TOTAL REVENUES EXPENDITURES Capital outlay r TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES r OVER(UNDER) EXPENDfTURES OTHER FINANCING SOURCES (USES) r Operating transfers in Operating transfers out TOTAL OTHER FINANCING SOURCES r (USES) EXCESS (DEFICIENCY) OF REVENUES r AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES 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, 2000 100,000 (100,000) 38,950 (3$950) $13,118 13,118 97,130 97,130 (84,012) 38,950 (38,950) VARIANCE FAVORABLE (UNFAVORABLEI $13,118 13,118 2,870 2,870 15,988 ($100,000) ($84,012) $15,088 87 City of Cape Girardeau, Missouri WATER IMPROVEMENT PROJECTS SCHEDULE OF REVENUES AND EXPENDITURES BUDGET AND ACTUAL (BUDGET BASIS) r FROM INCEPTION AND FOR THE FISCAL YEAR ENDED June 30, 200( r PROJECT BUDGET PRIOR YEARS CURRENT YEAR TOTAL r TO DATE REVENUES Interest $- $2,332 $1,775,466 $1,777,798 TOTAL REVENUES 2,332 1,775,466 1,] ,798 r EXPENDITURES Capital outlay 26,500,000 3.91 16,827,121 20,786,643 Debt service r Interest and fiscal charges 46,828 46,828 TOTAL EXPENDITURES 26,500,000 4.006,350 16.827,121 2,833,471 r EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (26,500,000) (4,004,018) (15,051,655) (19,055,673) OTHER FINANCING SOURCES (USES) Operating transfers in 1,300,000 2,807,692 1,600,000 4,407,692 0pera0ng transfers out 25,200,000 (1,198,722) r Bond proceeds 25,115,063 25,115,063 TOTAL OTHER FINANCING SOURCES r (USES) 26,500,000 27,922,755 401,278 29,522,755 EXCESS (DEFICIENCY) OF REVENUES r AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES $- $23,918,737 ($14,650,377) $10,467,082 AA r city of Cape Girardeau, Missouri ENTERPRISE FUNDS COMBINING BALANCE SHEET June 30, 2000 (With Comparative Totals for June 30.1999) Solid Golf Softball Taps, r Sevv€r Wad[ Was rum Qlamesa 015,3111e0 94[39[55 ASSETS Pooled cash arta investments 8857735 $73,389 947,165 $45.192 $22,906 $2,446,389 83028,480 Non ododd cash 8 cash epuivalents 123.663 - 123.683 16.442 Unity charges receivable (net o1 Almadice for doubtlul rdteimblee) 337.425 704,529 240,190 1,282.144 1,163,$30 Specal assessments mcoi+able 59'Joo 59,311) 79,181 Ass Interest receivable 93.069 18,227 474 - 111,70 45,013 Other mcovabfes 9.250 20,559 29,039 33 55,851 112,426 ventures - 104556 3,029 - 107,505 107,370 Restti . assets Non -paned carr and cash equivalent 172.5% 172,596 17,543 Ass Nampaued investments 10.254,593 417,972 29,789 - - 10)12,354 12,793.784 Pooled cash and investments 547,991 1,0131.393 94.M2 - - 1,704.108 1,705,438 Prelap hems 459.695 165,184 11.892 503 269 637.363 M3,520 12,925,337 3,265,80') 1,153041 48,79 23.197 17,416,141 19,95$737 r Property, pent end entrapment lead 135.869 - 112240 248,109 248,119 Buildilgs 8.173738 202.851 806,519 53,802 - 9242.910 9,168,92 r Improvements other buildings 39.366.993 14.906.875 03.122 375.3% 4,857 54,737,203 47,107985 Equipment 1,254,680 1,173.239 1.610,996 468.940 131$24 4,639,079 4,087,676 Camormanonlnpr,mr, 8,515,986 4.496,622 128,526 11,141,534 11,752)57 551463268 20.70.987 2.742,403 0981090 136OS1 00.0013,035 72,355,(93 r Less e¢umuleed depreciation 13.312.997 2y97,641 1.800.304 SS6.650 114,386 18,609.805 16,625.325 42,140.M2 17961,346 654,979 341.448 21,695 61,338,950 55.539,74 r Total assets $55,055899 $21247,155 V.007.140 $390205 PP"M $78,755.091 $75492,501 LIABILITIES AND FUND EQUITY Accounts peYade $187216 6205,165 1253,760 $25,663 $17,736 $599,542 $1,155,373 Accnud Iealides Seladea,peWoll saes aM demerits 41,920 1,282 33,697 17,861 9,840 104,620 I76.Pl Notes Payable - 14.314 - - 14,314 21.636 r Inermt p,.W 167,730 210339 5,919 - - 393,985 676.030 0", liab.1"d 75.186 241 385 6,625 1791 - 34,99 293,798 Due to other funds 2,132 001 2,132,971 1,4699f9 Dov to other governments 1,887 - - 1.887 24069 Advance tram other funds 337,500 750,000 390.000 190,000 1,69.500 1,667500 r Current Natio of on,teml debt 1,910,W 530,630 35.097 2,475,383 1,170.099 Lon, -term debt net of current porion Revenue send, , bb 30A53.010 10015ps8 40,473,066 416P,014 Leasehold h.are boars payable 428.955 428.955 727.933 r Cedifiwtes of parbeipandn 1,275.000 610,970 330,0 - - 2.275 ,030 2,535,IXN1 Deferred revenues - - - - 50 Estimated landfill dorms and p drei aure fare coat liamliry 268,600 288,030 300.MA Total liabilities 37,013,903 11,815,114 1,=,315 4J5,335 217,576 51,259,243 51,697212 FurreWbuty mord Coned raPilal IB.IE0.2fi3• - 8,118,229 2833,585 ✓ 545 3,126 26,90,849 23028774 Removed aNnin95 r Resented fardent serum 36,69, 150,000 - - - 1%.69 33 183,3 d ro Reserver dard'. ,fund 450,000. 470,000 231).f)001- - 1.150000 Unreserved (695,134) 693.812 (2843.7601✓ 45,75) 175.810 (411,667) 583,182 Total fund equity 18,051796 9432,041 229,825 (45,130) (172,694) 27,495848 23,795.289 Total lisoliiea and fund equity $55,055899 621,247,155 52,007,140 $390205 $44892 $76,7551091 $75,4WSift 3y r City of Cape Girardeau, Missouri r ENTERPRISE FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS r FOR THE FISCAL YEAR ENDED June 30,20(f) 1r SEWER WATER SOLID WASTE GOLF COURSE SOFTBALL COMPLEX TOTALS 1999-9f4 OPERATING REVENUES r Residenbal charges $1,3801591 If 2.614,666 $ 1,585950 $- $- $5581,207 Commercial charges 999,439 1,801,750 21,950 - 2,823,139 Transfer =run charyes - - 609,650 609'dso Equipment sales - - - TAW 10,624 18,287 r Concession revenues - - 70,843 60,440 131.283 Golf course lea. - - - 421,628 - 421,628 Softball complex lees - - - 65,317 65317 Other leas and charges 171560 114,272 16,559 - - 148.391 Other miscellenamus 21,872 13.355 6,691 1,891 44809 r TOTAL OPERATING REVENUES 2,419,462 4,544,043 2.240,800 501,825 1%,581 9,842,711 OPERATING EXPENSES r Personnel services 851,260 106,373 975.484 284,757 202,470 2.02344 Materials and supplies 216,107 307,436 62,797 60,442 52.815 719,597 Coneacival service. 105,388 2.511,582 755461 15,250 9,418 3,397,099 General operating expenses 69,357 162,095 34,148 451860 42,580 354,040 r Special projects expense 13,081 22,123 72272 7,973 9,769 125,218 Internal service expanses 72.394 62,457 143,975 62,0133 25,698 366,807 Oeprousawn expense 1,192,525 461,688 131.070 63,505 8,840 1,857.628 r TOTAL OPERATING EXPENSES 2,524112 3,635754 2,175,207 539,870 351]90 9,222.733 OPERATING INCOME (LOSS) (104650) 908,289 65593 (38045) (215,209) 619.978 NO"PERATING REVENUE (EXPENSES) Investment revenue 615,076 10$303 54.673 499 453 774,004 Suite grants - - 57,464 - - 57,464 Sale of city propeM - 22.516 - - - 22516 r Compenaadon for damages 19,904 633 1,808 - - 22345 Issuance cost amortization (62,640) (24,040) (1,438) - - (88,118) Interest and handling costs (1,255.062) (705,037) (70,191) (24,299) (11,964) (2,064553) r TOTAL NON43PERATING REVENUE (EXPENSES) (682722) (602,625) 42,316 (23,800) (11,511) (1,270.342) INCOME (LOSS) BEFORE OPERATING r TRANSFERS (783,372) 305,664 107,909 (61,US) (225720) (658,364) Operating Vensfersin 520,490 69,597 226,851 816.849 NET INCOME (LOSS) (262,874) 305,664 107,909 7,655 131 158,485 r RETAINED EARNINGS (DEFICIT), JULY1 154,407 1,008,148 (166,669) (53.430) (175,941) 766.515 RETAINED EARNINGS(DEFICM, _ JUNE 30 ($108,467) $1,313,812 ($8760) ($45,775) ($175,810) $925100 40 City of Cape Disarray, Missouri ENTERPRISE FUNDS COMBINING STATEMENT OF CASH FLOWS FOR THE FISCAL YEAR ENDED JUNE 30, 2000 91 SOLID GOLF SOFTBALL TOTALS r SFWEq WATEq WASTE COORS E COMPLEX 9933000 CASH FLOWS FROM OPERATING ACTIVITIES: Opera., lncwne(I.) (ElOD650) 3908289 $65.593 ($98,045) ($215 209) $619,918 Adjustments to reeontlle oornaling mc0me to net cash provided by operating spaybey Depreciation 1192525 461,688 131,090 63,505 8,840 165]620 Cash operating grants mcaved - 57464 - - 4964 Clangs in assets and fatalities: (Inaeese) decrease In amounts recerveMe 2,856 (108,184) 59,309 741 - jSell (Increase) Eecleasa In mdmIj - 1,974 - (21891 - (213) (Increase) decrease In prepare items (i 3d) (1,570) 1268) (37) 48 (1 961) Increase dermal inamounts payalNa (594,518) (96683) 168.114 (3,062) (182 (465,831) Increase(decrease)In accred goddess ityr 669 (22,126) (11,344) (8,257) 6191021 Incremse( se,bode)In landfill postclamer, ca. j12r00rd (12.001 NET CASH PROVIDED BY (USED IN) OPERATING ACTIVMES 1]60,156 1226,603 44],156 9,569 (214,760) 2.628,926 ` CASH FLOWS FROM NONCAPFFAL FINANCING ACTIVITIES: Opartirg trarehrs in from abler W. 520.498 - ll 220.851 816,849 NET CASH PROVIDED BY (USED IN) BY NONCAPFTAL Was FINANCING ACTIVITIES 520,498 69,503 226.851 816.049 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Proposed, from developer 189,916 - - 189,916 Prempal paid of revenue Hands 1100,910) (wit.Oo) - (495000) Prepared paid par lease Purchase pulse 1261,099) - (261099) Pomlpal pall on COP (145IX0) A,Lwj (35'.) - - (269000) Principal Pad on SRF (154,000) - - - (154 Nf(A Pneipal paid on energy loan 6 notes payable on land (7,324) (,324) Interest paid on bonds and, obligations (671,736) (659.104) T0.189) (24,299) (1 "964) (1437,292) Purchase of fined mord. (3,552001) (318,072) (377.499) (57.928) (2920) (4,309,220) Preseect, Irom Sale 01 assets 22,516 22,516 Compensation for damages 19,904 033 1,808 22,345 NET CASH PROVIDED BY (USED IN) CAPITAL AND RELATED FINANCING ACTIVITIES (4,674,016) (142),027) 488,200 8222 (14,004) 16,589"58) CASH FLOWS FROM INVESTING ACTIVITIES: Mas Pumhas, of lnvestmmis (2721797) 19"160) (363957) Romeds Irom sae 0hmbrimenls 215274 49,064 76.500 3x0.830 Interest 0nmveslmenls 473,604 56,311 9904 539,059 Overmtghri-arest 57,215 52,331 47,377 541 488 167,952 all interest on assessments 3,732 - - - 3,732 FMV adlaslmmj C35h (1,968) (4.115) (141 _(a2)- (36) 16,308) NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 485662 153.591 42,552 499 452 US 156 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (2$OBR98) (49433) 1,504 (2659) (2941) (2,561227) CASH AND CASH EQUIVALENT$, JULY 1 13,926,905 1,240794 775450 47,851 25,249 16,016,249 CASH AND CASH EQUIVALENTS, JUNE 30 $1114181607 $1,191,361 $7Y954 $45,192 $22,910 513455022 91 City of Cape Girardeau, Missouri SEWER FUND SCHEDULE OF REVENUES AND EXPENSES. BUDGET AND ACTUAL (BUDGET BASIS) r FOR THE FISCAL YEAR ENDED June 30, 2000 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) 92 OPERATING REVENUES - Residential charges $1,413,600 $1,395,563 ($18,037) Commercial charges 945,000 976,717 31,717 Other tees and charges 38,000 17.560 (20,440) Olhermiscellaneous 38,000 21,872 (16,128) TOTAL OPERATING REVENUES 2,434,600 2,411,712 (22,8811) _ OPERATING EXPENSES Personnel services 867,846 851,260 16,586 MaVulals and supplies 237,430 216,233 21,197 r Contractual services 130,583 101,087 29,496 General operating expenses 30,835 69,357 (38,522) Spedal projects expense 26,800 16,371 10,429 Internal service expense 106,718 72,394 34,384 Capital outlay 6.549,325 7,266,759 (/17,434) TOTAL OPERATING EXPENSES 7,949,597 8,593,461 (643,864) OPERATING INCOME (LOSS) (5,514,997) (6.181,749) (666752) NON-OPERATING REVENUE (EXPENSES) Investment revenue 280,000 525,208 245,208 State grants 124,695 - (124,695) Federal grants 216,300 - (216,300) Impact fees 135,000 189,916 54,916 r Sale at city property - - Compensation for damages - 19,904 19.904 Gain on sale of fixed assets - - - Sewerassessments 15.000 19,881 4,881 Principal payments (655,150) (660,099) (4,949) Interest and handling costs (679,000) (930,094) (251,094) TOTAL NON-OPERATING REVENUE (EXPENSES) (563,155) (835,284) (272,129) INCOME (LOSS) BEFORE OPERATING TRANSFERS (6,078,152) (7,017,033) (938,881) Operating transfers In 210,500 520,498 309,998 r NET INCOME (LOSS) ($5,867,652) ($6,496,535) ($628,883) 92 City of Cape Girardeau, Missouri y3 WATERFUND SCHEDULE OF REVENUES AND EXPENSES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30,200 VARIANCE r BODGEI ACTUAL FAVORABLE (UNFAVORABLE) OPERATING REVENUES Residential charges $2,460,000 $2,478,714 $18,714 Commercial charges 1,787,500 1,978,567 (8,933) Other fees and charges 165,000 114,272 (50,728) Other miscellaneous 4,000 13,355 9,355 TOTAL OPERATING REVENUES 4,416,500 4,384,908 (31,592) OPERATING EXPENSES Personnel services 106,994 108,3]2 (1,378) r Materials antl supplies 287,800 309,715 (21,915) Contractual services 2,551,995 2,474,344 77,651 General operating expenses 125,650 162,095 (36,445) Special projects expense 45,000 22,123 22,8] `. Internal service expense 54.943 62,457 (7,714) Capital outlay 145ST7 112,728 33,649 TOTAL OPERATING EXPENSES 3,318,759 3251,834 66,925 rr OPERATING INCOME (LOSS) 1pN71741 1,133,074 35,333 NON-OPERATING REVENUE (EXPENSES) x. Investment revenue 102,575 133)82 31,207 Federal grants - - - Compensation for damages - 633 633 Gain on sale of fixed assets - 22,516 22,516 Pnndpal payments (475,000) (475000) - Interest and handling costs (664,750) (667,482) (2,732) TOTAL NON-OPERATING REVENUE (EXPENSES) (1,037,175) (985551) 51,624 r NET INCOME (LOSS) $60,566 $147,523 $86,957 y3 i r City of Cape Girardeau, Missouri SOLID WASTE FUND SCHEDULE OF REVENUES AND EXPENSES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30,200 94 VARIANCE BUDGET ACTUAL FAVORABLE (UNFAVORABLEI OPERATING REVENUES Residential charges $1,633,000 $1,591,555 ($41,445) Commercial charges 21,000 25,323 4,323 Transfer station charges 470,000 655,409 185,409 Other feas and charges 33,000 16,559 (16'41) Other miscellaneous 14,500 6,691 [7,809) TOTAL OPERATING REVENUES 2,171,500 2,295,537 124,037 OPERATING EXPENSES Personnel services 946,344 9]7,149 (30,805) Materials and supplies 78,663 62,571 16,092 Contractual services 787,050 745,648 41,402 General operating expenses 30,200 35,148 (4,946) Special projects axpense 112,450 ]1,029 35,421 Internal service expense 185,383 143,975 41,408 Capital outlay 476,050 442,230 33,820 TOTAL OPERATING EXPENSES 2,616,140 2,483,750 132,390 OPERATING INCOME (LOW) (444,640) (188,213) 256,427 NON-OPERATING REVENUE (EXPENSES) Investment revenue 31'00 54,821 23,421 Local grants - - - State grants - 57'64 57,464 Federal grants - - - Sale of city property - - - Compensaronfor damages - 11808 1,808 Pnncipal payments (35,000) (42,324) (7,324) Interest and handling casts (T7,525) (70,628) 6,897 TOTAL NON-OPERATING REVENUE (EXPENSES) (81,125) 1,141 82,266 NET INCOME (LOSS) ($525,765) ($187,072) $338,693 94 City of Cape Girardeau, Missouri r GOLF COURSE FUND SCHEDULE OF REVENUES AND EXPENSES - BUDGET AND ACTUAL (BUDGET BASIS) r FOR THE FISCAL YEAR ENDED June 30, 2000 95 VARIANCE r BUDGET ACTUAL FAVORABLE (UNFAVORABSFI OPERATING REVENUES Equipment sales $8,000 $7,463 ($537) Concession revenues n,00c 70843 (6,157) r Golf course fees 437.800 421,628 (16,172) Other miscellaneous 1,891 1,891 TOTAL OPERATING REVENUES 522,800 501,825 (20,975) OPERATING EXPENSES Personnel services 259,191 264,756 (5,565) Materials and supplies 68,975 76,357 (7,382) r Contractual services 24,370 13,800 10,570 General operating expenses 52,600 45,860 6,740 Special projects expense 6,700 7,973 (1,273) Intemal service expense 61,716 62.083 (367) r Capital outlay 57,475 58,548 (1,073) TOTAL OPERATING EXPENSES 531,027 529,371 1,650 r OPERATING INCOME(LOSS) (8,227) (27,552) (19,325) NON-0PERATING REVENUE (E)(PENSES) Investment revenue 51000 541 (4,459) r Sale of city property - - - Compensationfordamages - - Sale of fixed assets - - - Interestandhandlingcosts (19,500) (24,299) (4,799) r TOTAL NON-OPERATING REVENUE (EXPENSES) (14,500) (23,758) (9.258) INCOME (LOSS) BEFORE OPERATING • TRANSFERS (22727) (51,310) (28,583) Operating transfers In 69,500 69,500 NET INCOME (LOSS) $46.T3 $18,190 ($28,583) r 95 City of Cape Girardeau, Missouri SOFTBALL COMPLEX FUND SCHEDULE OF REVENUES AND EXPENSES. BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30, 2000 9h VARIANCE BUDGEI. ACTUAL FAVORABLE (UNFAVORABLEI OPERATING REVENUES Equipment sales $15,000 $10,824 ($4,176) Concession revenues 53,000 60 Pio 7,440 So0rall complex fees 64,000 65,317 1,317 Other miscellaneous TOTAL OPERATING REVENUES 132,000 136,581 4,581 OPERATING EXPENSES Personnel services 209,393 202,470 6,923 Materials anti supplies 50,100 52.646 (2,546) Contractual services 9,510 9,418 92 General operating expenses 43,950 42,580 1,370 Special projects expense 9,500 9,560 (60) Internal service expense 26,198 25,898 300 Capital outlay 2,200 2,920 (720) TOTAL OPERATING EXPENSES 350,851 345,492 5,359 OPERATING INCOME (LOSS) (218.851) (208,911) 9,940 NON40PERATING REVENUE (EXPENSES) Interest income - 487 487 Interest and handling costs (11,000) (11,964) (964) TOTAL NON-OPERATING REVENUE (EXPENSES) (11,000) (11,471) (4A) INCOME (LOSS) BEFORE OPERATING TRANSFERS (229,851) (220388) 9,463 Operating transfers in 221,851 226,851 5,000 NET INCOME (LOSS) ($8,000) $6,463 $14,463 9h I_ City of Cape Girardeau, Missouri INTERNAL SERVICE FUNDS y COMBINING BALANCE SHEET June 30, 2000 (With c0mpara6ve Totals for June 30, 1999) Employees' DAN Fleet Fnm, Risk Equipment 1,11,412 &.posing ManaOemem Benet Manaq{ment Reba mens MINI0 0&3099 ASSETS PooleU rash a ai investments 539,040 51884328 5496.087 81,463,931 $234,640 $2,402,026 $2,603,989 NSmp06ed cash atM rash epuiyal.nN - - 6.585 - - 8.585 9,315 Nmr,U Ied investments - - 197,715 - 197.715 2004141 w Intmed'ecaivable - - - 3,647 34647 4,870 Other receNedles 51132 8,699 10.761 20.289 - 44,881 41,245 Imenta'ies 9,510 - - - 9.510 3,480 Restricted assets Non,coled cash and rash equivalents - - - - 2 2 259 Pre'id hems 48,696142r)5 969 4,896 53256 581328 90.268 187,832 515,433 1,686,551 239,538 2.719.622 2.939.69 rr pose," 's" aM equl'namt Lard - 37,50 - - - 37,500 37,500 Buildl,. 003 421,178 - - 421,821 421.621 ImWo+emendoenrbulId,a - 113,749 - - - 113.749 113,749 Equipment 2,010,555 375,725 - - 1,494,055 3,880,395 3,221,256 a. Constructom m pm9rew 140n 14,072 10,234 2,011.198 982224 - - 1,494,o5s 4,467,47 3.604670 Less awvmulated depreciation 1,zN,188 517,117 462,868 22",173 1,805.128 Asia 747,010 45107 1,031,187 2.223.304 1,999,442 Total ssaeta $937278 5832939 6515,433 s1,E86551 514270,725 54942,926 54,939,069 _ LIABILITIES AND FUND EGUT' Amounts payable 0,475 850.664 5400 520,152 $ 679,691 3217,995 r� Tarved Ilabiifts S.knerppayr01l.. aM benefits 5.459 16.193 - 21.658 33,814 Interest Payable 3.208 B - 3,354 64570 11,933 DMer llabruies - 60 - - SO 57 Emmental cLams'ayable - - 150,00 328,70 - 478.708 297205 Due t0 other Wremments - 1,50 - - - 1,580 2,012 Due to other Nods - - - - - - Current portion of 1012 -tetra caul 60.00 - - - 60,00 120,00 120,000 Longtaml debt net of a nenl pONon CeNhrates of paR i'am, 204,855 214,625 4194480 536313 r Cue In Mh. kinds Totauubi idea 281997 68.511 150.403 346660 97s79 1.127747 1222,329 Retained eama's Unreserved 555281 564.428 3651033 1,337,691 992.746 3.815,179 3716.740 Trust fund equity 555,281 564."26 365.033 14337.891 932746 3,815,179 3,716.740 Total liabilitke and fund equity 5837,98 8632939 0515,433 01,686551 $1,90,85 54.912,926 54,939A69 97 r r City of CePe Girardeau, Missouri INTERNAL SERVICE FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS r FOR THE FISCAL YEAR ENDED June 30, 2000 r EMPLOYEES' DATA FLEET FRINGE EQUIPMENT TOTALS PROCESSING MANAGEMENT BENEFT MANAGEMENTREPLACEME ]999•20[Iq r OPERATING REVENUES Intisess.tmema1 sere. 5366,000 $1,010,924 $1,0.39,860 5292,581 §210.501 $3319.866 ONer miscellaneous - 1,562 "s 2.665 den TOTAL OPERATING REVENUES 366.00" 1,012,4% 1.40,305 295,44fi 210.501 3,324.]36 r OPERATING EXPENSES Personnel sanious 108288 481218 - - - 589.506 Materna aM suPPfes 11.983 278.409 - - - 290,392 r CwNed. ax Viae 105,466 170,071 1,454,765 M.607 2,052. # General opeser, ayerses 3.834 3.934 940 20,111 28.789 Internal 4eeAw XXPMI - 2,434 - - - 2,434 Deprecate n egreme 195,319 42,080 16],55] 4 '956 r TOTAL OPERATING EXPENSES 424,W 976.146 1,455,Rfi 342,718 16],55) 3.369,x% OPERATING INCOME (LOSS) (58,860) 34,540 (15,421) (47.28) 42,934 (",269) NON-OPERATING REVENUES (EXPENSES) lineslment revenue 800 2.006 31,889 29,9" 10.258 124,897 sale of city Prcgrty - - - 1,416 1,418 Issuancecoalansuou n (2,195) (2.093) (4,286) y Imines, no FeMILg Wats (14.513) (2.m) (13,810) (30,414) TOTAL NON-OPERATING REVENUES (EXPENSES) (15,906) (85) 31.669 79,944 (4227) 91.613 r INCOME (LOSS) BEFORE OPERATING TRANSFERS (74 768) 34,255 16,459 3$6M 36.717 47,344 Operaling transfers in 61,610 - - - 162,985 224,595 Opera, tranafeln ON (P3 500) (193,5(k) NET INCOME (LOSS) (13,158) 34,255 (157,032) 32,672 201,702 99,L39 RETAINED EARNINGS (DEFICIT), JULY1 568039 530.173 522.0135 1,305.019 791, 4 3,716.740 RETAINED EARNINGS (DEFICIT), JUNE30 5555281 $564,428 5.365.033 $1.337,691 $992,746 $3.815,179 93 99 bib, Cape Missouri ZING SERVICE SERVICE FUNDS STAT COMBINING STATEMENT CASH FLOWS FOR THE FISCAL YEAR ENDED JUNE ]0. 2000 EMPLOYEES' .ATA FLEE! FRINGE RISK EQUIPMENT TOTALS FNQ9E55LG MANAGEMENT DONE! EQ MANAGEMENT PEPLACEMEW t999-3ggq CASH FLOWS FROM OPERATING ACTIV WES: (lossl Oplrrhoh 13586601 p0,960 ($15421) $q,'P2) $`2,966 ($m2691 In is 10 recorcle ing Inwma la AOIT amor PIT cash lOy operaing avYrvrlles: cash - Deprec211an 195319 62080 - 161 59 404 95a Charge m risers an01ia0rlilies: (Increase) O6rease In acCwnls receiwble 11.. `,1151 2219 a In Iloo eal 16.00) - - A so (8,090) o.,. p,.,.dry ( IsT...((hecree.)In preper011a l (T182) 16] 1,]8.9 - ]80 se l hecreasel In accOUTs peyaEle (69,875) (13,616] 400 118,5391 (J64151 (138.30`) — Increase dxreese)In axmeh llahillllas 535 (12i528) 150, W] 91,539 168,J50 NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 65.P> `2fi10 1626`) 1.9291 91 52fi 382851 — CASH FLOWS FROM NONCAPTAL FINANCING ACTIVITIES: Oper.TyB nslen rn Ion all NnEe 61,610 162,985 220.595 Opemlinq Venslna ow In olNar Wnns - 173500 n]. 500 — NET CASH PROVIDED BY (USED IN) NONCAPTAL FINANCING AQVTES 61.610 1�,5J_ 162,9&5 SI,o95 CASH FLOWS FROM CAPITAL AND RELATED FINANCING — ACTIVITIES: Plans., pan m COP Iw,a0a) - - (EQ.) L.,000) P VN;VI paid no snags loan 6 role payal on land (`]2) (512) Inbretl pard No cony and cloagoons (I], 082) (2.092) - (16,0.L) (JS, A.) PO.I.0 A. .,.a (88.049) (M8 40) - (532.593) (6`40y1 - 1. from sac of as. 21,611 21, W] NET CASH PROVIDED BY (USED IN) CAPITAL AND RELATED FINANCING ACTIVITIES 105,131 , 58Tp46 ] AM CASH FLOWS FROM INVESTING ACTIVITIES: Pmcnase ollmeslmenls - (2W,29J1 (2W,29J1 Pronay from al ohn,syc MIs - - 202718 - 202)In Investments rm.9M1l B,"] 1 B "9 Drelolerasl S68 2,1]9 34 NIS 7B.W2 11,144 127,698 — FMV a0laslmanls IT casc (69) 174 12 711 (&102) (6661 10,011 NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 800 2005 31885 83,592 10259 1265`5 _ INCREASE(OECPEASE) IN CASH AND DASH EQUIVALENTS (36i]2a) 13,651 (6,964)53,fiW (2`25]61 22D950) CASH AND CASH EQUIVALENTS, JULY 1 ]5]8` 15561 513, G16 1010288 4]]218 VKH" J CASH AND CASH EQUIVALENTS, JUNE JO &190`0 5188.]26 550,6]2 III co, ACl 5234,642 52410,613 99 r City of Cape Girardeau, Missouri DATA PROCESSING FUND SCHEDULE OF REVENUES AND EXPENSES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30,2M 100 VARIANCE BUDGET ACTUAL FAVORABLE ruNFAVORARLF) OPERATING REVENUES Interdepartmental services $366,000 $366,000 $_ Other miscellaneous TOTAL OPERATING REVENUES 366,000 366,000 OPERATING EXPENSES Personnel services 115,519 108,287 7,232 Materials and supplies 7,700 11,963 (4,283) Contractual services 103,150 105,409 (2,259) General operating expenses 6,930 3.804 3,126 Capital outlay 36,466 3,582 321884 TOTAL OPERATING EXPENSES 269,765 233,065 36,700 OPERATING INCOME(LOSS) 96,235 132,935 36,700 NON-0PERATING REVENUE (EXPENSES) Investment revenue - 869 869 Phricipal payments (15,600) (60,000) (44,400) Interest and handling costs (60,000) (17,082) 42,918 TOTAL NON-OPERATING REVENUE (EXPENSES) (75,600) (76,213) (613) INCOME (LOSS) BEFORE OPERATING TRANSFERS 20,635 56,722 36,087 Operating transters in 20,610 61,610 41,000 NET INCOME (LOSS) $41,245 $118,332 $T,087 100 101 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, 2000 VARIANCE BUDGET ACTUAL FAVORABLE (LINFAVORARLEI OPERATING REVENUES Interdepartmental services $980,000 $1,010,924 $30,924 Other miscellaneous 1,562 1,562 TOTAL OPERATING REVENUES 980,000 1,012,486 32,486 OPERATING EXPENSES r Personnel services 508,821 481,219 27,602 Materials and supplies 299,325 278,231 21,094 Contactual services 120,025 170,071 (50,046) General operating expenses 4,150 3,934 216 Internal service expense 2,434 2,434 - , Capital outlay 45200 23,780 21,420 TOTAL OPERATING EXPENSES 979,955 959,669 20,286 OPERATING INCOME (LOSS) 45 52,817 52,172 r NON-OPERATING REVENUE (EXPENSES) Investment revenue - 2,179 2,179 Sale of city property - - - Pnnclpal payments - (432) (432) r Interest and handling costs (2,093) (2,093) TOTAL NON-OPERATING REVENUE (EXPENSES) (346) (346) INCOME (LOSS) BEFORE OPERATING TRANSFERS 45 52,471 52,426 Opeatlug transfers out NET INCOME (LOSS) S45 $52,471 $52,426 101 City of Cape Girardeau, Missouri EMPLOYEES' FRINGE BENEFIT FUND SCHEDULE OF REVENUES AND EXPENSES - BUDGET AND ACTUAL (BUDGET BASIS) ` FOR THE FISCAL YEAR ENDED June 30, 2000 VARIANCE ` RUnGEI ACTUAL FAVORABLE (UNFAVORABLE) OPERATING REVENUES Interdepartmental services $1,216,325 $1,439,860 $223,535 445 445 TOTAL OPERATING REVENUES 1,216,325 1,440,305 223,980 OPERATING EXPENSES Personnel services - - - Cantiracuelservices 1,313,T75 1,454,786 (141,011) General operating eqPenses 940 (940) r TOTAL OPERATING EXPENSES 1,313,T/5 1,455,726 (141,951) OPERATING INCOME (LOSS) (97,450) (15,421) 82,029 N0N43PERATING REVENUE (EXPENSES) Investment revenue 31,500 34,604 3,104 r TOTAL NON-OPERATING REVENUE(EXPENSES) 31,500 34,604 3,104 INCOME (LOSS) BEFORE OPERATING TRANSFERS (65,950) 19,183 85,133 r Operating transfers out (173,500) (173,500) NET INCOME (LOSS) ($239,450) ($154,317) $85,133 r r City of Cape Girardeau, Missouri RISK MANAGEMENT FUND SCHEDULE OF REVENUES AND EXPENSES. BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30,2M VARIANCE r B9PGEI ACTUAL FAVORABLE (UNFAVORABLE OPERATING REVENUES Irund.parlmentai services $300,000 $292,581 ($7,419) r Other miscellaneous 2,865 2,865 TOTAL OPERATING REVENUES 300,000 295,446 (4,554) OPERATING EXPENSES Confaclualservices 363,000 334,101 28,899 General operating expenses 20,111 (20,111) r TOTAL OPERATING EXPENSES 363,000 356212 8,788 OPERATING INCOME (LOW) (63,000) (58,766) 4,234 r NON-OPERATING REVENUE (EXPENSES) Investment revenue 63,000 88,770 25,770 TOTAL NON-OPERATING REVENUE (EXPENSES) 63,000 88,770 25,7/0 r NET INCOME (LOSS) $- $30,004 $30,004 r 103 W' City of Cape Girardeau, Missouri EQUIPMENT REPLACEMENT FUND SCHEDULEOFREVENUESANDEXPENSES- _ BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED June 30, 2000 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) r r OPERATING REVENUES Interdepartmental services $237,100 $210,500 ($26,600) TOTAL OPERATING REVENUES 237,100 210,500 (26,600) OPERATING EXPENSES Capital outlay 387,985 410,343 (22,358) TOTAL OPERATING EXPENSES 387,985 410,343 (22,358) OPERATING INCOME (LOSS) (150,885) (199,843) (48,958) NON-OPERATING REVENUE (EXPENSES) Investment revenue 1,000 11,145 10,145 Sale of city property 5.00 21,687 16,687 Princlpat payments (60,000) (60,000) Interest and handling costs (16,501) (16,434) 66 TOTAL NON-OPERATING REVENUE (EXPENSES) (70,500) (43,602) 26,898 INCOME (LOSS) BEFORE OPERATING TRANSFERS (221,385) (243,445) (22,060) Operating transfers in 162,985 162,985 NET INCOME (LOSS) ($58,400) ($80,460) ($22,060) 104 105 City of Cape Girardeau, Missouri r AGENCY FUNDS COMBINING BALANCE SHEET June 30, 2000 (With Comparative Totals for June 30, 1999) Park " Arena Development Total Library Imorovement Foundation 06/30/00 06/30/99 ASSETS ,. Pooled cash and investments $499,570 $112,965 $85,376 $697,911 $721,439 Non -pooled investments 15,566 - - 15,566 17,696 Receivables, net of allowances for doubtful receivables Real estate tax 17,412 - - 17,412 18,334 Personal property tax 4,052 - - 4,052 4,287 Other receivables 23 23 302 Total assets $536,623 $112,965 $85,376 $734,964 $762,058 LIABILITIES r Accounts payable $15,324 58,604 $2,162 $26,090 $17,574 Accrued liabilities Salaries, payroll taxes and benefits 3,037 - - 3,037 12,525 Other liabilities 518,262 104,361 83,214 705,837 731,959 Total liabilities $536,623 $112,965 $85,376 $734,964 $762,058 105 CAy of CAM Glnlduu. Missouri COMBINING STATEMENT OF CHANGES IN ASSETS AND W 6ILITES ALL AGENCY FUNDS FOR THE FISCAL YEAR ENDED JUNE 30. ABB r PeM1 Dewbp111u1 USDA 10c@ssOGDf Fsy09a4R5 T9a". Ncd IFFAA 11"Ar snls w.pcde: FvnMenb Rctivetlea,. 01 yl.M for aeu00,1 bcervalln F.I..le. Pelwbl gMAey Iv ane. bc.. To. sue. At Juh 11999 AMU— roseaNIIandelvn is 11m'M.sa X1vnOwnN RKy ., net.1 1..— IF, Bou. r ... D.. AN P,—,I, CwWdY� DIM/ bNlveOb Pgeea w4� yN Inwepantl Nw�podea Fwuub Recavedw, nu M eNwercn 1w duOtlW a'vetln flM nMM 1y WOthger. p�Miylu rrsceNegn FRI oUn wd Inrwen.h Nongctln Invwlma'ib Rectiretlea. rel of ybxarcw lar atu06ulrwaregw flW wMelaz vP PoMIu pnarrwervedn ..I. MYe01a NzrveO"Illi s .ahs. nY1Gl loan end renege .of M.N. AFR.IoMMAA ¢Naha, Re'RI'Dom eno resell. ONeaIAMBUIs AoF,MR ..IN - Sala., lf" HAN, Ana Mneub CE.. w .. N.E. xorya cwl6l.e sa.nw, wrlou m.n aria reseals Opv XatilOpa '.W IINIII S. Al I.- W, 2DT7 14MA 367 S. ID E11". 3]21139 17.693 - 11, 636 18.3M - - 18,334 028> 4287 112 02 ¢588,798 SIG .1 $'1?060 E7. ase $776.669 5162.675 851.379 MGO,fiA l.]OB 7,306 6..ssT 4.527 137.831 V7..1 92 B $1,..dH7 $182875 MIA79 SLIALL71 599.6ffi $112.7. A7.NG $I.ORI51 B.UB 9138 2yM9 - 421.49 137.766 - 137.766 A mi S1,. o. EI I2.SH $A.R] 515O 165 U.31l $112985 $84376 $68]911 15 569 15,568 1112 17112 4.052 - 4... 23 n "'A. $112,965 E85, 376 1734960 Ss,63B 17027 L.7C8 $17570 125. - - 12121 56S. 56,175 107312 731,%9 $588.795 $9 L.2 $112,060 $752.056 .94584 L V,855 ..7. .2175 127,328 - D1..S 51d.fi50 x323 IB, NS 610.Y5 $1 zm. SIES IBD $11.1. $"40526 .9.07B 5112378 127]02 $78559 IMpifi IJSB18 %O.P30 1.`. a.a00 636.447 ll...71S $113421 tri, 786 $1SII A. $..4 SE. E2.1. E25,o9a 07 ].037 6182@ IM3B1 .114 7CL.1 $536623 $112,955 W378 II.. 100 City of Cape Girardeau, Missouri SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE June 30, 2000 GENERAL FIXED ASSETS Land Buildings Improvements other than buildings Machinery and equipment Contruction in progress TOTAL GENERAL FIXED ASSETS INVESTMENT IN GENERAL FIXED ASSETS BY SOURCE General fund Special revenue funds Capital projects funds Donated assets TOTAL INVESTMENT IN GENERAL FIXED ASSETS L07 $2,597,200 8,153,829 3,905,188 1,061,402 125,124 $15,842,743 $3,902,729 10,169,236 1,742,054 28,724 $15,842,743 t08 City of Cape Girardeau, Missouri SCHEDULE OF GENERAL FIXED ASSETS- . BY FUNCTION AND ACTIVITY June 30, 2000 r Improvements Machinery Construction Other Than and in Funct on and Act v tv Larm Buildings Bu IE.ngs EYuji ment Prooress Total ADMINISTRATIVE SERVICES Human resources $- $- $- $475 b $475 City manager 200,000 82,508 - 556 - 283,064 Maintenance - 2,552 - 2,552 City attorney - - 1,452 - 1,452 Interdepartmental 67,340 22.369 9)00 - 99409 ` Finance - - - 392 - 392 CVB - 141,]]1 - 13,745 16,426 169,942 Airport 354,649 250,603 3,265,808 165,154 4,038214 TOTAL ADMINISTRATIVE SERVICES 621,969 474,882 3,290729 191,474 14,426 4,593,500 DEVELOPMENT SERVICES Planning services - - - 11,267 - 11,267 Inspections - - 891 - 691 Community information program - - - 10,745 - 10.745 Vision 2000 - 2,011 - - 2,011 Downtown Business Distnct - 23,792 - 23,792 Engineering services 38,453 38.453 a, TOTAL DEVELOPMENT SERVICES 25,803 61,356 87,159 PARKS AND RECREATION Park maimanance 855,238 267,565 25,144 52,722 - 1,200,669 Arena maintenance - - - 15,483 15,483 Municipal band - - - 2,209 - 2,209 Recreation - - - 957 - 957 - Cemetery 4,120 3,556 - 13,612 - 21,288 Central pool - 548,213 5,298 3,606 - 557.117 Capers pool - 4,332 4,275 - - 8,607 Osage Community Centre - 2,471,196 - 65,991 - 2,537,187 Softball Complex 2,227,069 181877 2,245,946 r TOTAL PARKS AND RECREATION 859,358 5,521,931 34,717 173,457 6,589,463 ,. PUBLIC SAFETY Muniapal on - - - 34 - 34 yr Health - - - 10,399 - 10,399 Police 35,324 165,652 1,162 112,289 - 314,427 Fire 231,213 691,048 6,121 374,176 1,302.558 TOTAL PUBLIC SAFETY 266,537 856,700 7,283 496,898 1,627,418 PUBLIC WORKS Street - - - 113,576 - 113,576 Slormwater 24,641 24,641 TOTAL PUBLIC WORKS 138,217 138,217 CAPITAL OUTLAY General capital improvements 495,175 1,268227 473,142 - 8,551 2,245,095 Park Improvements 354.141 32,089 73,514 102,147 561,891 TOTAL CAPITAL OUTLAY 849,316 1,300,316 546,656 110,698 2,806,986 TOTAL GENERAL FIXED ASSETS $2,597200 58,153,829 $3,905,188 $1,061,402 $125,124 $15,842743 t08 toy W City of Cape Girardeau, Missouri SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY FOR THE FISCAL YEAR ENDED JUNE 30, 2000 General Fixed General Fixed Assets Depreciation Assets Funch n and Acfvty o6/31V99 Additions Deductions Expense o6130/Oo ADMINISTRATIVE SERVICES Human resources $707 $- $- $232 $475 City manager 293066 - - 10,003 283,063 Facility maintenance 2,901 - - 348 2,553 City attorney 2,128 - - 676 1,452 Interdepartmental 107,229 - - 7,822 99,407 Finance 578 - - 186 392 CVR 1P 933 - - 7,992 169,941 Airport 4272,827 11,363 247,975 4,036215 TOTAL ADMINISTRATIVE SERVICES 4,89,369 11,363 275,234 4,593,498 DEVELOPMENT SERVICES Planning services 6,345 6,593 - 1,670 11,268 Inspections 1,110 - 219 891 Community information service 14,638 442 - 4,535 10,745 Engineering services 45,932 2.882 - 10,362 38,452 Vision 2000 - 2,138 - 127 2,011 Downtown Business District - 23,942 - 150 23,792 Capital Improvement 10,000 10,000 TOTAL DEVELOPMENT SERVICES 68,225 45,997 17,063 97,159 PARKS AND RECREATION Park maintenance 1,229,581 21,964 39,260 11,616 1200.669 Arena maintenance 18,141 2,658 15,483 Municipal band 2,455 - 246 2,209 Recreation 1,223 - 266 957 Cemetery 22750 3,765 6,729 (1,502) 21,288 Central pool 576.051 10,043 - 28,976 557,118 Capaha pool 4,910 4,332 - 636 8,606 Osage Community Centre 2,639,691 3,040 - 105,544 2,537,187 Softball Complex 2,331,838 85,892 2,245,946 TOTAL PARKS AND RECREATION 6.826.640 43,144 45,989 234,332 6.589.463 PUBLIC SAFETY Municipal cold 170 - - 136 34 Health 7931 6,350 - 3,882 10,399 Police 363.763 33,964 25,544 57,756 314,427 Fire 1,397,460 38,504 133,408 1,302556 TOTAL PUBLIC SAFETY 1,769,324 78,818 25.544 195.182 1,627416 PUBLIC WORKS Street 161,229 10,102 63,621 (5,867) 113,571 Slormwater 43,202 18,560 24,642 TOTAL PUBLIC WORKS 204,431 10,102 63,621 12,693 138,219 CAPITAL OUTLAY _ General capital improvements 1.832,075 485,175 82,156 2,235,094 Pak Improvements 470,210 102.148 10.464 561,894 TOTAL CAPITAL OUTLAY 2.302285 587,323 92,620 2796,988 TOTAL GENERAL FIXED ASSETS $16,028,274 $T6.747 $135,154 $827,124 $15,842.743 toy W M r City of Cape Girardeau, Missouri SCHEDULE OF CHANGES IN LONG-TERM DEBT FOR THE FISCAL YEAR ENDED June 30, 2000 r - General General Long-term Long-term r Debt July 11999 Debt GENERAL LONG-TERM DEBT Addition s Retirements June 302000 r Revenue bons payable $25,495,000 $- 560,000 $24,935,000 LeaseboM revenue bonds payable 4,769,916 491,000 2,675,901 2,585,015 ' Certificates of participation payable 4,845,000 - 500,000 4,345,000 General obligation refunding bonds payable 2,395,000 - 355,000 2,040,000 r Accrued benefits 602,167 48,613 - 650,780 Due to offer governments -State energy loan 26,330 13,053 13,27' TOTAL GENERAL LONG-TERM DEBT $38,133,413 $539,613 $4,103,954 $34,569,072 t 1 0 r City of Cape Girardeau, Missouri STATEMENT OF GENERAL LONG-TERM DEBT June 30, 2000 AMOUNT AVAILABLE AND TO BE PROVIDED FOR THE PAYMENT OF GENERAL LONG-TERM DEBT r' REVENUE BONDS Amount available in debt service fund Amount to be provided r LEASEHOLD REVENUE BONDS Amount available In debt service fund Amount to be provided r CERTIFICATES OF PARTICIPATION Amount available in debt service fund Amount to be provided GENERAL OBLIGATION REFUNDING BONDS Amount available In debt servke fund Amount to be provided ACCRUED BENEFITS Amount available In debt service fund Amount to DB provided r DUE TO OTHER GOVERNMENTSSTATE ENERGY LOAN Amount available in debt service fund Amount to be provided TOTAL AMOUNT AVAILABLE AND TO BE PROVIDED r GENERAL LONG-TERM DEBT PAYABLE Revenue bons payable Leasehold revenue bonds payable Certificates at paruppation payable r General obligation refunding bands payable Accrued benefits Due to ether governments -State energy loan r TOTAL GENERAL LONG-TERM DEBT PAYABLE t I L $24,935,000 $24,935,000 785,253 1,799,762 2,585,015 893,474 3,451,526 4,345,000 T72,3T 1,267,623 2,040,000 650,780 650,780 13,2n 13,2n $34,569,072 $24,935,000 2,585,015 4,345,000 2,040,000 650,780 13,2Tr $34,569,072 SINGLE AUDIT SECTION Beglev, Janssen, Young & Birk, LC CERTIFIED PUBLIC ACCOUNTANTS ` 2'03THE MIS ST- C APE G I RA RD EAU. MIS SOUP I -3T0'-TELEPHONE .3428+5 FAA .-L,32J-4(138 MEMBERS r TERRY R. BEGLEY. CPA JEFF UNTERREINER CPA LAWRENCE EYOUNG, CPA CATHERIiAEA WHITE CPA KELVIN'Al BIRK. CPA DEBORAH E. FELLER r JOHN R. JANSSEN, CPA INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE TO EACH MAJOR PROGRAM AND INTERNAL CONTROL OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 r Honorable Mayor and Members of the City Council Cape Girardeau, Missouri omnliance 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, 2000. The City of Cape Girardeau, Missouri's major federal programs are identified in Che summazv of the auditor's results section of the accompanying schedule of findings and questioned costs. Comnliance with the requirements of laws, regulations, contracts and grants applicable to each of its major federal programs is the responsibility of the City of Cane Girardeau, Missouri's ,management. Our responsibility is to express an opinion on the City of Cape Girardeau, Missouri's comp-, ance based on our audit. ` we conducted our audit of compliance in accordance with generally accented 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 CMB Circular A-133 require that we plan and perform the aud-:t 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 3C, 2000. 113 Honorable Mayor and Members of the �. Ci --y Council City of Cape Girardeau, Missouri Page 2 r Internal Control Over Compliance The management of the City of Cane 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 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 the 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 Expenditures of Federal 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, 2000 and have issued our report thereon dated December 5, 2000. 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 all �- material respects, in relation to the general purpose financial statements taken as a whole. Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri ., Page 3 Th_a 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 December 5, 2000 115 Begley, ,Janssen, Young & Birk, LC CERTIFIED PUBLIC ACCOUNTANTS — 2103 THEMIS ST - CAPE GIRAHDEAU, MISSOURI 6070' FELEPI+ONE!573) 331-2845 FAX ,573) 394-1338 MEMBERS r TERRY R. BEGLEY CPA JEEP UNTERREINER, CPA LAWRENCE E YOUNG. CPA CATHERINE A WHITE, CRA KELVIV'N BIRK. CPA DEBORAH E DENEKE JOHN R. JANSSEN, CPA INDEPENDENT AUDITORS' REPORT ON COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL REPORTING 3ASED ON AN AUD_T OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERINMENT AUDT_TTVG STANDARDS Honorable Mavor and Members — of the City Council City of Cape Girardeau, Missouri We have audited the financial statements of the City of Cane Girardeau, Missouri as of and for the year ended June 30, 2000, and have issued our report thereon dated December 5, 2000. We conducted our audit in accordance with generally accepted auditing standards and Government Auditing Standards, issued by the Comotroller General of the United States. — Compliance As part of obtaining reasonable assurance about whether the City of Caoe Girardeau, MISSOt is financial statements are free of materia'_ misstatement, we oerf Ormed tests Of its Compliance with certain provisions of laws, regulations, contracts and grants, noncom_liance with which could have a direct and material effect cn the determination of financial s-a=emelt amounts. However, providing an opinion on compliance with those provisions was not an objective o[ oar audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances o- noncompliance that are required to be reported under — Government Auditing Standards. Interna'_ Control Over Financial Reoortira 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 Citv 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. tt5 Honorable Mayor and Members of the 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 general purpose financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. 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. 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 December 5, 2000 117 City of Cape Girardeau, Missouri SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS For the Year Ended June 30, 2000 Federal Federal Grantor/Pass-through CFDA Federal Grantor/Program Title Number Expenditures Department of Education Passed through Missouri State Library LSTA Basic Equipment Grant 8-BE-AE21 45.310 $ 2,823 Total Department of Education 2,823 The accompanying notes are an integral part of this schedule. 118 Department of Housing and Urban Development Passed through Missouri Dept of Economic Development Community Development Block Grants 95 -ND -02 Locust/Maple 14.219 32,749 97 -ND -003 fefferson/Shawnee Parkway 14.219 145,637 93 -DR -076 Flood Buyout Program 14.219 94,246 94 -DR -096 Flood Buyout Program 14.219 7.292 Subtotal 279,924 Passed through Missouri Dept of Social Services Emergency Shelter Grant 14.231 20,489 Total Department of Housing and Urban Development 300.413 Department of the Interior Environmental Protection Agency Passed through Missouri Dept of Natural Resources SRF Loan Series 1991A C295004-01 66.458 40,029 SRF Loan Series 1993A C295004-02 66.458 12,394 SRF Loan Series 1995D C295229-01 66.458 440,545 SRF Loan Series 1998B DW291010-01 66.458 33.344 Subtotal 526,312 Federal Emergency Management Agency Flood Buyout Program Hazmit DR -1054 83.519 3,389 Hazus EMK-98-PA-0003 83.536 70,322 Project Impact - 99 - GR -0028 83.551 135.616 Subtotal 209.327 National Park Department Historic Preservation Grant 29-97-12028-462 15.904 20,300 Total Department of the Interior 755,939 The accompanying notes are an integral part of this schedule. 118 City of Cape Girardeau, Missouri SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS For the Year Ended June 30, 2000 Federal _ Federal Grantor/Pass-through CFDA Federal Grantor/Program Title Number Expenditures Department of Justice 20.600 51,025 Bureau of Alcohol Tobacco and Firearms 20.600 42,170 - Gang Resistance Education and Training Program 25.013 S 1,867 r Office of Justice Programs 20.509 87,005 Local Law Enforcement Block Grant 97 -LB -VX -3234 16.592 5,382 Local Law Enforcement Block Grant 98 -LB -VX -3234 16.592 16,087 �. Juvenile Police Officer Grant 16.540 6,249 Weed and Seed Grant 99-WS-GX-0007 16.595 21.465 Subtotal 49.183 COPS More 98 Award 99 -CM -X-1820 16.710 18,171 COPS Universal Hiring Grant 97-UM-WX-0055 16.71062 433 Subtotal 20.205 80.604 Passed through Missouri Dept of Public Safety 772.692 Victims of Crime Act (FY `97) 97-VOCA-0089 16.575 566 Victims of Crime Act (FY'97) 97-VOCA-0174 16.575 12 051 Subtotal 12,617 Office of Juvenile Justice and Delinquency Parents and Children Together (PACT) 16.546 19.693 Total Department of Justice t63,964 Department of Transportation Safe Communities Grant - 00 -SA -09-2 20.600 51,025 Safe Communities Grant - 99 -SA -09-2 20.600 42,170 Subtotal 93.195 Public Taxi Coupon Transportation - MO-t8-X020-4CG 20.509 87,005 National ISE TE Recreation Trails Funding Program 20.2t9 38,666 Subtotal 125.671 Community Team Spirit Conference 99-YA-03-04 20.601 20,904 Community Team Spirit Conference 00-YA-03-06 20.601 3.754 Subtotal 24,658 Federal Highway Administration Passed through Missouri Highway and Transportation Dept Hopper Road Bridge BRO-BRM-016(18) 20.205 529.168 Total Department of Transportation 772.692 TOTAL FEDERAL EXPENDITURES $ 1995 831 The accompanying notes are an integral part of this schedule 119 ■ City of Cape Girardeau, Missouri SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS For the Year Ended June 30, 2000 NOTE A - BASIS OF PRESENTATION The accompany schedule of expenditures of federal awards includes the federal grant activity of the City of Cape Girardeau and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of OMB Circular A-133, Audits of States, Local Governments, and Non -Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the accrual basis financial statements. 120 THE CITY OF CAPE GIRARDEAU, MISSOURI SCHEDULE OF FINDINGS AND QUESTIONED COSTS �. YEAR ENDED JUNE 30, 2000 A. SUMMARY OF AUDIT RESULTS 121 1. The auditor's report expresses an unqualified opinion W 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 Transportation Highway Planning and Construction Program CFDA # 20.205 Department of the Interior Federal Emergency Management Agency Project Impact CFDA # 83.551 r 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. 121 SCHEDULE OF FINDINGS AND QUESTIONED COSTS CONTINUED PAGE 2 ` E. FINDINGS -FINANCIAL STATEMENTS AUDIT 1. Investment Policy Condition: Certain aspects of the Investment Policy of the City of Cape Girardeau, Missouri are not being followed. Criteria: Internal controls should be in place that provide reasonable assurance that investment objectives are carried out and that results are monitored. Effect: Noncompliance with internal controls could result in losses of City funds arising from fraud, employee error, misrepresentation by third parties, unanticipated changes in financial markets, or imprudent actions by employees. Recommendation: The City should comply, consistently, with all aspects of the adopted Investment Policy. The Investment Committee should hold quarterly meeting in order to effectively determine investment strategies and monitor results. It is also recommended that the Committee submit a quarterly report to the City .. Manager, as outlined in the City's Investment Policy. Response: We concur with the recommendation. Such procedures will be implemented. C. FINDINGS AND QUESTIONED COSTS -MAJOR FEDERAL AWARD PROGRAMS None 122