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Home My WebLink About1994-1995.Annual Financial StatementN I L IA L COMPREHENSIVE ANNUAL FINANCIAL REPORT of the City of Cape Girardeau, Missouri For the Fiscal Year Ended June 30, 1995 Prepared by Finance Department W--1 " " "--1 •--1 - , W--1 ^ 1 "l "-1 1-1 W--1 "Tl r-, 1 "" t "^ ii " 7 !r7 CITY OF CAPE GIRARDEAU, MISSOURI COMPREHENSIVE ANNUAL FINANCIAL, REPORT For the Fiscal Year Ended June 30, 1995 TABLE OF CONTENTS ` Combining, Individual Fund and Account Group Statements and Schedules: General Fund: ` Comparative Balance Sheet ....................................... 59 Schedule of Revenues and Expenditures -Budget and Actual (Budget Basis') ............................................... 60 ` Special Revenue Funds: Combining Balance Sheet ........................................ 63 Combining Statement of Revenues, Expenditures and Changes in Fund Balances .......................... .. 64 ................. General Purpose Financial Statements: Pam^e^e INTRODUCTORY SECTION h Letter of Transmittal .............................................iii-xiv 9-10 ..................................... GFOA Certificate of Achievementxv �. Organizational Chart ...............................................xvi List of Principal Officials .......................................... xvii �. Combined Statement of Revenues, Expenditures and FINANCIAL SECTION ' Independent Auditors Report on the General Purpose 'r Financial Statements and Supplementary Information ....................... 5-6 ` Combining, Individual Fund and Account Group Statements and Schedules: General Fund: ` Comparative Balance Sheet ....................................... 59 Schedule of Revenues and Expenditures -Budget and Actual (Budget Basis') ............................................... 60 ` Special Revenue Funds: Combining Balance Sheet ........................................ 63 Combining Statement of Revenues, Expenditures and Changes in Fund Balances .......................... .. 64 ................. General Purpose Financial Statements: Combined Balance Sheet -All Fund Types and Account Groups ...................... ...................... 9-10 Combined Statement of Revenues, Expenditures and Changes in Fund Balances -All Governmental Fund Types....................................................... I1 �. Combined Statement of Revenues, Expenditures and Changes in Fund Balances -Budget and Actual (Budget ' Basis) -General and Special Revenue Fund Types ..........................12 'r Combined Statement of Revenues, Expenditures and Changes in Fund Balances -Budget and Actual (Budget 1" Basis) -Debt Service and Capital Projects Fund Types ....................... 13 Combined Statement of Revenues, Expenses and Changes in Retained Earnings -All Proprietary Fund Types .......................... 14 ' Combined Statement of Cash Flows -All Proprietary Fund ` Types ....................................................... 15 Notes to the Financial Statements ................................... 19-53 ` Combining, Individual Fund and Account Group Statements and Schedules: General Fund: ` Comparative Balance Sheet ....................................... 59 Schedule of Revenues and Expenditures -Budget and Actual (Budget Basis') ............................................... 60 ` Special Revenue Funds: Combining Balance Sheet ........................................ 63 Combining Statement of Revenues, Expenditures and Changes in Fund Balances .......................... .. 64 ................. v Schedules of Revenues and Expenditures Budget and Actual (Budget Basis) Conveation/Visitors........................................... 65 Airport.................................................... 66 Downtown Business District ..................................... 67 Parks and Recreation ......................................... 68 Health................................................... 69 Motor Fuel Tax..............................................70 Capital Improvement Sales Tax ................................... 71 Flood Protection ............................................. 72 Vision 20W ................................................73 " Debt Service Fund: Comparative Balance Sheet ................... ................... .. 77 Capital Projects Funds: i Combining Balance Sheet ......................................... 81 Combining Statement of Revenues, Expenditures and Changes in Fund Balances .............................................. 82 Schedules of Revenues and Expenditures -Budget and Actual (Budges Basis) General Capital improvement ................................... 83 Corp Flood Control .................................... _ ..... 84 Street Improvements .......................................... 85 _ FAU Street Grants............................................86 Community Development Block Grant .............................. 87 Park (mprovetnents........................................... 88 Enterprise Funds: Combining Balance Sheet ............................... . ......... 47 Combining Statement of Revenues, Expenses and Changes to Retained Earnings ........................................... 92 Combitung Statement of Cash Flows .................................. 93 Schedules of Revenues and Expenses -Budget and Actual (Budget Basis) Sewer............................................... _ ...94 Water..................................................... 95 SolidWaste................................................96 Golf Course ................................................ 97 - SoftbalI Complex ............................................ 98 Internal Service Funds: Combining Balance Sheet ....................................... . 301 Combining Statement of Revenues, Expenses and Changes in Retained Earnings .......................................... 102 Combining Statement of Cash Flows ..................................103 v Y! STATISTICAL SECTION - Unaudited t General Governmental Expenditures by Function -Table I ..................... pave Schedules of Revenues and Expenses -Budget and Actual ` (Budget Basis) 131 �. Data processing ............................................ 104 Fleet Management...........................................105 132 Employees' Fringe Benefit..... .............................. Risk Management ........................................... 107 ` Agency Funds: ,. Combining Balance Sheet ........................................ ! 1 f Statement of Changes in Assets and Liabilities 137 ,. Library .................................................... 112 Arena Improvement...........................................113 ., Deferred Compensation ........................................ 114 park Development Foundation .................................... 315 General Fixed Asset Account Group: Schedule of General Fixed Assets by Source ............................119 139 Schedule of General Fixed Assets -By Function and Activity ................. 120 �.. Schedule of Changes in General Fixed Assets -By Function 140 .. and Activity ................................................121 .. General Long-term Debt Account Group: Schedule of Changes in Long-term Debt...............................t25 Statement of General Long-term Debt .................................126 r STATISTICAL SECTION - Unaudited General Governmental Expenditures by Function -Table I ..................... 129 General Governmental Revenues by Source -Table 2130 ........................ General Govemmental Tax Revenues by Source-72ble 2A .................... 131 V Ratio of Unreserved Fund Balance to Annual General Fund ..... Expenditures -Table 3. .... ..... ... .......................... 132 Property Tax Levies and Collections -Table 4 ..............................133 Assessed and Estimated Actual Value of Property -Table 5 .................... 134 ` Property Tax Rates -Direct and Overlapping Goventments-Table 6135 ............... ,. Principal Taxpayers -Table 7 ........................................ !36 Computation of legal Debt Margin -Table 8 ........ ...................... 137 Ratio of Net General Obligation Bonded Debt to Assessed Value and Net General Obligation Bonded Debt per Capita -Table 9 .............................................. 138 Ratio of Annual Debt Service Expenditures for General Obligation Bonded Debt to Total General Governmental Expenditures -Table 10 ............................................ 139 Computation of Direct and Overlapphtg Bonded Debt -General �.. Obligation Bonds -Table 11 ........................................ 140 Revenue Bond Coverage -Sewer Fund -Table 12 ............................141 Revenue Bond Coverage -Water Fund -Table 13 ............................142 Azle Demographic Statistics -Table 14143 ...................................... Property Value and Construction -Table 75 ...............................144 Miscellaneous Statistics -Table 16 ......................................145 SINGLE AUDIT SECTION Independent Auditors' Report on Schedule of Federal Financial Assistance .............................................. 149 Schedule of Federal Financial Assistance ............................. 150-151 Independent Auditors' Report on Internal Control Structure Based on an Audit of General Purpose Financial Statements Performed in Accordance with Government Auditing Standards ...................... 152-153 Independent Auditors' Report on Compliance Based on an Audit of General Purpose Financial Statements Performed in Accordance with Government Auditive Standards ........................154 Independent Auditors' Report on the Internal Control Structure used in r Administering Federal Financial Assistance Programs .................... 155-158 Independent Auditors' Report on Compliance with the General Requirements Applicable to Major and Nomnajor Federal _ Financial Assistance Programs ....................................... 159 Independent Auditors Report on Compliance with Specific Requirements Applicable to Major Federal Financial Assistance Programs ...................................................160..161 Independent Auditors' Report on Compliance with Specific Requirements Applicable to Notuuajor Federal Financial Assistance Program Transactions ............................................. 162 C 0 0 INTRODUCTORY SECTION C N TRIS PAGE INTENTIONALLY LEFF BLANK. i I N J m i c iI I CITY OF CAPE GIRARDEAU _ IINPNCE UIHECLOR CITU HALL PO.X611 CAPE GIRARDEAU MO 63102 0617 December 18, 1995 Honorable Mayor, City Council and Citizens City of Cape Girardeau, Missouri The comprehensive annual financial report of the City of Cape Girardeau for the year " ended June 30, 1995, is hereby submitted for your review as mandated by the City Charter. The general purpose financial statements included in this report were audited by the independent certified public accounting fora of Begley, Janssen, Young & Birk. Responsibility for both the accuracy of the data, and the completeness and fairness of the presentation, including all disclosures, rests with management of the City. To the best of our knowledge and belief, the enclosed data are accurate in all material respects and are reported in a manner that presents ,. fairly the financial position and results of operations of the various funds, account groups, and component units of the City of Cape Girardeau. All disclosures necessary to enable the reader to gain an understanding of the City of Cape Girardeau's activities have been included. The comprehensive annual financial report is presented in four sections: introductory, financial, statistical, and single audit. The introductory section, which is unaudited, includes this .. letter of transmittal, an organizational chart, and a list of the City of Cape Girardeau's principal elected and appointed officials. The fmancial section includes the independent auditors' report, the general purpose financial statements, and the combining, individual fund and account group statements and schedules. The statistical section, which is unaudited, is designed to provide a broader understanding of the City by providing ten year trend data and nonfinancial information useful in assessing the City's financial affairs. r The City of Cape Girardeau is required to undergo an annual single audit in conformity with the provisions of the Single Audit Act of 1984 and the U.S. Office of Management and Budget's Circular A-128, "Audits of State and Local Governments." Information related to this single audit, including a schedule of federal financial assistance and the independent auditors' reports on internal controls and compliance with applicable laws and regulations are included in ` the single audit section of this report. This report includes all the funds and account groups of the City of Cape Girardeau, as well as all of its component units. Component units are legally separate entities for which the elected officials of the City are financially accountable. The activities of the Cape Girardeau (Missouri) Public Facilities Authority (CGPFA) are blended with the financial presentation of the City. The CGPFA is used to execute the bond indentures for the purpose of issuing and securing bonds for use by the City. The City of Cape Girardeau provides a full range of services including police and fire protection, sanitation services, the construction and maintenance of streets, regional airport operation, and various park and recreation activities and cultural events. 'HOME OF MISSOURI SLATE FLAG' ` ii i Economic Condition and Otylook The City of Cape Girardeau is the largest regional hub of population and economic r activity between St. t,ouis, Missouri and Memphis, Tennessee- The population withal the City's 40 -mile trade area is over 300,000 with it work force of over 140,000. Cape Girardeau County's population grew from 49,350 in 1970 to 61,633 in 1990 and had a 1994 estimate of 64,506. The City itself has a current estimated population of 35,936 and the immediate urban area of 53,200. The City's regional status is best illustrated by its diverse economy that has had continued growth for many years. The City had retail sates exceeding $598,000,000 in 1994, with 1995 sales anticipated to be in the vicinity of $642,000,000. Major retail establishments that contribute significantly to the City's economy are: Wal-Mart, K -Mart, Lowes, Venture, Sears, JC Pemty, and Famous -Barr. A new Target store also opened in the summer of 1995. The Cape area has 17 manufacturing turns employing over 100 persons. The two largest, Lee -Rowan and Proctor and Gamble, employ 1,200 and 1,104 respectively. The area also has _ 14 non -manufacturing firms and institutions employing over 100 persons. The two largest, Southeast Missouri Hospital and St. Francis Medical Center, employ over 1,400 and over 1,300 employees respectively. These two major regional medical facilities are augmented by the Cape Girardeau Doctors' Park office and health care complex. Combined, these three facilities are served by over 150 doctors. The City's regional status is also enhanced by Southeast Missouri State University with v all enrollment of 7,783 and an employment of nearly 1,000. The campus also includes the joint City -University owned and operated Show -Me Center which has a total seating capacity of over 7,000, The University also has under construction a new building to house the College of Business that will contain 110,00 stluare feet at a cost of ,$153 million. The robustness of the City's economy is further illustrated by growth statistics compiled .. from building permit records. For the five year period 1989 through 1993, the City averaged $31,759,585 per year in declared construction costs. In 1994 this total reached $37,947,548 and it is projected that 1995 totals will exceed this amount by more than $5,000,000. All of this business and construction activity has caused the County's unemployment rate to be consistently below state and federal averages for a number of years. — As a result of the diverseness of the area's economy, the City's pivotal geographic location and its history, there is every reason to believe that the community's economy will continue to grow in the future. In the past, these attributes have also acted to "shield" the area from national recessive trends that have had major impacts on other surrounding areas. A marked example of this growth trend is the City's Five -Year Capital Improvements Program which envisions over $59,000,000 in capital investment in the City's infrastructure through the year 2000. Major Initiatives Current_ In recent years, the City has completed 20 -year master plans for the W development of its water .system, sewer system, and regional airport. Current year improvements and additions totaling approximately $1.1, $2.8, and $.4 million were made to the water system, ,. sewer system, and regional airport respectively. Additionally, approximately $.6 million in .. improvements and additions were made to the street system this year. Revenue bonds totaling- $11,462,661 otaling$11,462,661 were issued this year to initiate construction of approximately $25 million in major improvements to the City's sewer system including separation of the its combined sewers. These projects are currently estimated to be completed by the end of fiscal 1999. Construction of a estimated $43 million flood control project on Cape IaCroix Creek and Walker Branch is ° currently about 70% complete. This project, done in cooperation with the U. S. Army Corp of Engineers, is expected to be completed by early calendar year 1998. Both the major sewer projects and the City's 25% share of the flood control projects are funded by debt which will be paid from receipts of a 1/4% capital improvement sales tax approved in 1988. The expiration of this tax was extended by voter approval in 1994 through the year 2019. k Future. In August 1995 Cape Girardeau citizens approved by a 68% to 32% margin a ` one-half percent transportation sales tax that will expire in five years and is estimated to generate over $17,600,000 during those years for transportation improvements within the City of Cape Girardeau. This tax will fund approximately twenty specific major street projects for ` the purpose of upgrading and responding to demands for new growth. r The City is entering the final design phase for a new multi -use recreational/social event ` building and softball/soccer complex with total costs of approximately $5,000,000. These facilities will have a major regional impact and are expected to have a significant impact on the area's economy. A river boat gaming project approved by citizens in 1994 is entering the final approval phase of an estimated $56 million development. The Boyd Group from las Vegas, Nevada was selected as the City's developer. Also, of major significance, is a project of the State ` Highway Department to build a new Mississippi River Bridge and four -lane highway connection to Interstate 55. The City is , and will be, intricately involved with this $86 million plus project. Y Department Focus. For the fiscal year ended June 30, 1995, the Finance Department has been selected for its efforts and accomplishments. The Finance Department employs 13 full-time and 1 part-time employees. The department encompasses the following divisions: City licensing, r utility billing, accounts payable, purchasing, and accounting. The City licensing division is responsible for issuing merchant, liquor, security, hotel, and .. restaurant licenses for businesses and individuals in the City of Cape Girardeau. For the fiscal year ending lune 30, 1995, over 3,000 licenses were issued. The utility billing division is ' responsible for the water, sewer, and trash billings for the citizens of Cape Girardeau. This division maintains account activity for an average of approximately 14,000 customers and issued 174,690 utility bills for the fiscal year ending June 30, 1995. The accounts payable division processes invoices for payment for all City departments and monitors each department's budget. The accounts payable division issued 8,343 checks p during the current fiscal year. The purchasing division insures that City purchases are made ` according to its purchase policy. In the current fiscal year the division issued over 1,500 purchase orders and issued 77 formal bids averaging 12 vendors per bid. The accounting division is responsible for all accounting services of the City. 11ris division maintains the general ledger, fixed asset records, and federal and state grants. It also plays a key role in audit workpaper and financial statement preparation as well as compilation of the annual budget. A major accomplishment this year for this division was submission of the comprehensive annual financial report in the Certificate of Achievement for Excellence in Financial Reporting Program of which a Certificate was received for the fiscal year ending June 30, 1994. 0 Financial Information Management of the City of Cape Girardeau is responsible for establislting and maintaining an internal control structure designed to ensure that the assets of the City are protected from loss, theft or misuse and to ensue that adequate accounting data is compiled to allow for the preparation of financial statements in conformity with generally accepted accounting principles. The internal control structure is designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that: (1) the cost of a control should not exceed the benefits likely to be derived; and (2) the valuation of costs and benefits requires estimates and judgements by management. As a recipient of federal, state, and local financial assistance, the City of Cape Girardeau is also responsible for ensuring that an adequate internal control structure its in place to ensure and document compliance with applicable laws and regulations related to these programs. This internal control structure is subject to periodic evaluation by management and the internal audit staff. 'Ynale Audit_ As part of the City of Cape Girardeau's single audit described earlier, tests were made of the CiVs internal control structure and of its compliance with applicable laws and regulations, including those related to federal financial assistance programs. Although this testing was not sufficient to support an opinion on the City's internal control system used in administering federal financial assistance programs or its compliance with laws and regulations related to non -major federal financial assistance programs, trite audit for the year ended June 30, .. 1995 disclosed no material 'Internal control weaknesses or material violations of laws and regulations. j3ndv ary Controls. The City of Cape Girardeau maintains budgetary controls as described in the City Charter. The objective of these controls is to ensure compliance with legal provisions embodied in the annual appropriated budget approved by the City Council. Activities of the General, Special Revenue, Debt Service, Capital Projects, Enterprise, and Internal Service Funds are included in the annual budget appropriations. Ile level of budgetary control (i.e., the level at which expenditures cannot legally exceed the appropriated amount) is by department level of administrative services, development services, parks and recreation, public safety, and public works. The City also maintains an encumbrance accounting system as one method of maintaining budgetary control. Budget appropriations expire at the end of the year, however, outstanding encumbrances at the end of the year are honored by the City. As demonstrated by the statements and schedules included in the financial section of the report, the City of Cape Girardeau continues to nisi its responsibility for sound financial management. General Government Functions. The following schedule presents a summary of general, ` The largest dollar change in revenues for the current fiscal year was a $784,198 or 6.8% e increase in tax revenue. The majority of the increase was due to a 10.4% or $591,449 increase in the 1% general sales tax. Total general sales tax collected this year was $6,300,557 which ` represented 50.9% of total general fund revenues before transfers. Previous year general sales tax �. collected was $5,709,108 which represented 48.5% of that year's general fund revenues before transfers. The 1/4% capital improvement sales tax increased 10.3% or $119,552 this year. This r tax is used to pay debt service on leasehold revenue bonds issued to fund the City's share of the Army Corp of Engineer's Flood Control Project. Real estate and personal property tax increased _ 4.2% or $53,674 this year. The tax levy associated with general, special revenue, and debt service funds remained at $0.47 per $100 assessed valuation. Total assessed valuation increased 4.3% over the previous year. Other significant increases in tax revenue this year were related to a 3% hotel/motel and a 1 % restaurant tax used to fiord the City's convention visitors fund . These taxes increased $33,438 or 12.3% and $76,977 or 16.2% respectively over the previous year. One significant tax decrease this year was a $118,473 or 6.0% decrease in the utility franchise tax which was the result of a mild winter and lower natural gas prices. The second largest dollar change in revenues for the current fiscal year was a $480,137 or 10.3% decrease in operating transfers in. The major components of this decrease were: A $1,225,548 transfer was required the previous year by the general fund from the street improvement capital project fund to replenish general fund cash used to replace state retirement plan funds used to give City employees a one time refund of prior employee contributions to the Plan. Transfers received from the motor fuel tax fund was $175,000 and $400,000 greater this year for the general fund and debt service fund respectively. The motor fuel tax fund was able ` to increase these transfers because of a $114,554 increase in motor vehicle related tax and licenses and the elimination of a $500,000 transfer made the previous year to the street improvement capital project fund. The transfer received by the debt service represented a one time transfer needed to pay debt service costs on leasehold revenue bonds previously issued to build streets. In the future this debt service is intended to be paid from special assessment receipts. Vii special revenue, and debt service fund revenue and operating transfers in for the years ended Jm1e 30, 1995 and 1994. r Amount of percent of r Revenues and 1995 Percent of 1994 increase Increase Transfers Amount Total Amount a tao;e(Decrease) r Taxes $ 12,379,085 569% $ 11,594,887 S 784,198 6.8% Licenses and permits 1,059,118 4.9% 741,703 317,415 42.8% Intergovernmental 1,569,996 7.2% 1,709,722 (139,726) (8.2%) Clurgs for services 613,537 2.8% 557,611 55,926 10.0% Interdepartmental 433,821 2.0% 461,434 (27,613) (6.0%) r Fins and forfeitures 501,565 23% 577,296 (75,731) (13.1%) Miscellaneous 172,677 0.8% 244,699 (72,022) (29.4%) Inte 828,686 3.8% 765,179 63,507 8.3% Operating transfers in 4,196,435 19_3% 4.676572 (480.137) (10.3%) TOTAL S 21754,920 100.0% S 21.329.103 $ 425.817 ` The largest dollar change in revenues for the current fiscal year was a $784,198 or 6.8% e increase in tax revenue. The majority of the increase was due to a 10.4% or $591,449 increase in the 1% general sales tax. Total general sales tax collected this year was $6,300,557 which ` represented 50.9% of total general fund revenues before transfers. Previous year general sales tax �. collected was $5,709,108 which represented 48.5% of that year's general fund revenues before transfers. The 1/4% capital improvement sales tax increased 10.3% or $119,552 this year. This r tax is used to pay debt service on leasehold revenue bonds issued to fund the City's share of the Army Corp of Engineer's Flood Control Project. Real estate and personal property tax increased _ 4.2% or $53,674 this year. The tax levy associated with general, special revenue, and debt service funds remained at $0.47 per $100 assessed valuation. Total assessed valuation increased 4.3% over the previous year. Other significant increases in tax revenue this year were related to a 3% hotel/motel and a 1 % restaurant tax used to fiord the City's convention visitors fund . These taxes increased $33,438 or 12.3% and $76,977 or 16.2% respectively over the previous year. One significant tax decrease this year was a $118,473 or 6.0% decrease in the utility franchise tax which was the result of a mild winter and lower natural gas prices. The second largest dollar change in revenues for the current fiscal year was a $480,137 or 10.3% decrease in operating transfers in. The major components of this decrease were: A $1,225,548 transfer was required the previous year by the general fund from the street improvement capital project fund to replenish general fund cash used to replace state retirement plan funds used to give City employees a one time refund of prior employee contributions to the Plan. Transfers received from the motor fuel tax fund was $175,000 and $400,000 greater this year for the general fund and debt service fund respectively. The motor fuel tax fund was able ` to increase these transfers because of a $114,554 increase in motor vehicle related tax and licenses and the elimination of a $500,000 transfer made the previous year to the street improvement capital project fund. The transfer received by the debt service represented a one time transfer needed to pay debt service costs on leasehold revenue bonds previously issued to build streets. In the future this debt service is intended to be paid from special assessment receipts. Vii Transfers received from the general fund was $150,000 and $55,000 greater this year for the airport fund and park fraud respectively. Both of these funds operations have traditionally been subsidized by the general fund. The airport fiend required additional transfers because of a ,$75,000 operating deficit by the airport restaurant, repayment of a $45,315 interfund payable outstanding at the end of the previous year, and a $22,500 local match to cover the City's share of the crest of a new rescue vehicle. The airport restaurant operations were assumed by the City in August 1994 when the operator went out of business. A replacement operator was not found by the City until December 1995. The park fiend required additional transfers because of — repayment of a $23,781 interfund payable outstanding at the end of the previous year and an anticipated increase in net operating cost. The second largest dollar increase for this fiscal year was in licenses and permits which increased $317,415 or 42.8% over the previous year. The majority of this increase was due to a $305,152 increase in merchant license revenue. Included in the increase was the release of — $206,305 of protested license fees which were released after all legal remedies had been pursued by the protestors. Excluding protested licenses, merchant license revenue increased by 17.4% over the previous year's revenue. The second largest dollar decrease for this fiscal year was intergovernmental revenue which decreased $139,726 or 8.2% over the previous year. The most significant item in this area w was a $292,937 decrease in federal and state rearibursements for damaged sustained by Mississippi River flooding. This decrease was offset by increases in several other revenues. The _ most significant of these was a $98,292 or 13.8% increase in the motor fuel tax. This was mainly the result of a 14.4% rate increase in April of the previous year. The following are significant changes in some of the other revenue categories for this — fiscal year: Service charge revenue included an increase of $73,506 over the previous year for sales from the airport restaurant which was not operated by the City in the previous year. Fines and forfeitures included a decrease of $73,842 or 13.1 % in court fates from the — previous year. This is the result of the number of Municipal Court cases declining by 18.9% from the previous year. Interest revenue increased $63,507 this year even after allowing for a decrease in earnings of $155,549 on escrow accounts established in previous years to call $7,090,000 outstanding — general obligation bonds on November 1, 1994. Excluding this decrease, interest revenue would have increased $213,430 or 75.5% over the previous year's revenue. The majority of this increase was the result of the change in interest rates experienced during the year. The following schedule presents a summary of general, special revenue, and debt service .. funds expenditures and operating transfers out for the years ended June 30, 1995 and 1994. Amount of Percent of Expenditures and 1995 Percent of 1994 Increase Increase Transfers Amount Total Amount ecrease Decrease Current: Administrative services $ 2,115,694 7.6% $ 1,867,788 $ 247,906 13.3% Development services 1,119,984 4.0% 1,073,162 46,822 4.4% Part¢ and recreation 1,549,005 5.6% 1,477,529 71,476 4.8% Public safety 6,440,889 23.1% 6,117,359 323,530 5.3% W Public works 1,709,219 6.1% 1,468,221 240,998 16.4% Contingency 123,390 04% 232,876 (109,486) (47.0%) Debt service: Principal 8,973,375 32.2% 1,871,485 7,101,890 379.5% Interest and fiscal charges 1,456,631 5.2% 1,927,973 (471,342) (24.4%) Operating transfers out 4.400,148 15_8% 5.569.315 (1.169.167) (21.0%) TOTAL $ 27.888 335 100.0% S 21.605,708 $ 6.282.627 r Effective July 1, 1994 all full-time employees of the City were given a 2% salary ., increase. Also, a pay grade adjustment which averaged about 2.5% was given to each employee on their anniversary date if they received a satisfactory performance evaluation. The number of full-time and Ile (full-time equivalent) employees increased by 6 and 11 respectively from prior year's levels of 252 and 292 respectively. Included in these increases are 3 full-time and 6 Ile employees related to the airport restaurant which the City began operating in August 1994, 2 full-time community service police officers which were partially funded by a federal grant, and 1 additional full-time employee added to the convention visitor's fund staff. Each new position did not necessarily equate to a full years expense since full-time employees were added at various times throughout the year. The increase in the administrative services expenditures this year was mainly the result of the addition of $150,164 in costs to ran the airport restaurant. If the City had not assumed the airport operations, expenditures would only have increased $87,623 or 4.7%. The majority of the increase in public works expenditures this year was the result of a $203,262 increase in capital equipment expenditures, a $66,132 reduction in expenditures for 3" asphalt overlay, and a $40,987 increase in street maintenance expenditures. Street maintenance expenditures increased over the prior year level because in the prior year street maintenance was ` curtailed due to the time spent on the Mississippi River flood. Public works expenditures excluding the three previous items increased $62,881 or 4.3% over the prior year's expenditures. The main reason for the decrease in contingency expenditures this year was a $137,980 decrease in expenditures related to 1993 and 1995 Mississippi River flooding. The increase in debt service principal expenditures this year reflect a call of $7,090,000 in 1984 and 1987 general obligation bonds from moneys held in an escrow account established in previous years by issuing refunding general obligation bonds. The decrease in debt service interest expenditures from the previous year are the result of the following: Only one half year's interest was paid on the general obligation bonds that were called. is This reduced the amoum of interest paid this year by $312,244 A call premium of $141,M) was paid on bonds called this year. No bonds were called the previous year. Issuance costs of $241,296 were paid on refunding bonds issued last fiscal year. None was paid this year. Other interest and handling cost decreased $59,602 this year as a result of a reduction in the amount of bonds outstanding excluding the bonds that were called. The decrease in operating transfers out this year was due primarily from the previous year's transfer of $1,255,548 from the general fund to the employee's fringe benefit fund used to reimburse theMissouri Local Government Employee Retirement System for a refund to City employees for previous employee paid contributions to the system. General Fund Balance. Total fund balance increased $588,456 this year to $5,349,300. Unreserved fluid balance increased $683,262 this year to $3,389,310 or approximately 2.77 months of the 1995-1996 budgeted general fund operating expenditures and operating transfers out. This compares favorably to the previous year's unreserved fund balance of $2,706,048 which .... was approximately 2.55% of the original 1994-1995 budgeted general fund operating expenditures and operating transfers out. fs'ntertarise JOneritions The enterprise operations of the City are comprised of the wastewater treatment and collection system, water treatment and distribution system, residential and commercial solid waste collection which includes transfer station operations, municipal golf course, and softball complex. Rates for all enterprise operations remained the same as the previous year except for solid waste rates which increased 15% on July 1994 and water rues _ which had the consumption portion of its rates increased by five percent in January 1995. The average residential and commercial water bills increased 2.7% and 4.5% respectively with implementation of the water rate increase. „... The sewer fund operated at a $400,921 profit this year compared to a $341,595 profit the previous year. Operating revenue increased $109,284 over the previous year resulting mainly from a $48,058 or 5.5% growth in commercial sewer charges and a $38,282 fee charged the City's water department for services rendered to clean out a lagoon. Operating expenses increased $82,637 or 4.8% over prior year's expenses. Interest related costs increased $81,421 over the — previous year due mainly to the September I994 issuance of $2„225,000 in certificates of participation for the purpose of extending sewer services to a newly annexed subdivision. Interest revenue increased 146,292 or 47% over the previous year due mainly to investment of the unspent portion of the certificates of participation issued this year. Because of unanticipated delays in beginning the sewer service extension project over 95% of the funds from the issue remained unspent by the end of the year. — The water fund operated at a $60,172 loss this year compared to a $29,430 profit the previous year. Operating revenue increased $217,999 or 6.2% over the previous year. This reflected an approximate 1% and 6% growth in residential and commercial usage respectively, a 5% consumption rate increase that went into effect January 1995, and a $29,816 increase in other customer related fees. Operating expenses increased $310,008 or 10.9% over prior years expenses. The following items made up the majority of the of this yews expense increase: significant repairs and maintenance for water main cleaning, lagoon dredging, and plant repair totaling $94,374 that are not normally incurred on an annual basis; amount paid to Alliance Water Resources for the day-to-day operations of the system increasing by $134,251 or 7.9%; $20,655 or 8.6% increase in electricity expense; and $37,301 increase in depreciation expense. Interest related costs increased $22,619 over the previous year due mainly to the issuance of $500,000 in certificates of participation for the purpose of extending water services to a newly annexed subdivision. The increased interest cost this year was offset by a $40,309 interest v earnings increase which was mainly the result of receiving a higher rate of return on investments. The solid waste fund operated at a $1,577,398 profit this year compared to a $71,568 profit the previous year. A significant change in the estimate for future liability for landfill post ` closure costs resulted in a negative charge of $1,163,628 for landfill post closure this year. This change resulted from this year's estimate being based on using city labor as opposed to contract labor and the determination that a smaller scope of work would be required. Without this ` negative charge, profit this year would have been $413,770. ` Operating revenue increased by $587,654 or 25.9% over the previous year resulting mainly from a $247,825 or 19.4% increase in residential charges and a $333,604 or 68.1% increase in revenues generated at the transfer station. The increase in residential charges resulted mainly from a 15% rate increase while the increase in transfer stations revenues resulted from a 46.1% growth in the volume of solid waste received from private haulers and surrounding communities and a 15% increase in tipping fees. Commercial charges decreased 2.3% despite a 15% rate increase because of a loss of customers to other private haulers. Excluding the negative charge for landfill closure previously mentioned, operating r expenses increased $248,151 or 11.5% from the previous year. The total increase was composed of a $332,770 or 61.7% increase in disposal costs at the transfer station and a decrease of $84,619 or 5.2% in other operating expenses. The increase in the transfer station disposal costs was the result of an increase in the volume of trash handled by the transfer station and a 14.7% increase in this year's average disposal and hauling costs as the result of a beginning of the year $1.50 per ton tax implemented by the county where the City's waste is disposed and a midyear rate increase. The City entered into a five year disposal and hauling contract in December 1993 that guaranteed rates that increase annually over the contract. According to this contract the City's cost will only increase 5.65% in total from the December 1994 rate change until the last rate change in December 1997. The issuance of $805,000 in certificates of participation to fund landfill closure costs was the main reason interest and handling costs increased $50,765 this year. The increased cost was offset by a $31,660 interest earnings increase and $19,681 other revenue increase this year. The interest increase resulted mainly from increased operating cash and additional construction and ` debt service funds available for investment this year. The other revenue increase was the result of a gain on the sale of equipment at the landfill after its closure. The golf course fund operated at a $40,932 profit this year compared to a $50,623 profit the previous year. This year the golf courses operation included a $55,000 transfer from the general fund. Without this transfer the golf course would have operated at a $14,068 loss. Golf Xi course olx.mting revenue decreased $13,122 or 3.19' over prior years revenue as the result of less rounds of play and golf course operating expenses increased $44,230 or 12.1% over prior year -- expenses. Also this year, the golf course reduced its long-term payable to the general find by $45,000. The softball complex is intended to account for the operations of a 5 field softball complex that was only partially complete; at the end of this year. This year's operation reflects the. results of running the spring softball program at other sites and the costs of maintaining portions of tine new complex that had already been completed. Upon its completion, additional revenue is expected to be earned from higher league fees, tournament revenue, concession revenue, and attendance fees. Additional costs will also be incurred. Eventually, the complex is expected to operate on a breakeven basis. Pension Trust Fund fllrerations. The City contributes to the Missouri Local Government Employees Retirement System, an agent multiple -employer public employee system that acts as a common investment and administrative agent for local government entities in Missouri. This system was created and is governed by state statute. At February 28, 1995, the most recent r actuarial valuation date, the City's actuarial determined unfunded accrued liability was $978,041. This compares favorably to the unfunded accrued liability of $1,084,075 at the prior valuation date of February 28, 1994. Debt Administration. At the end of the year, the City of Cape Girardeau had a number of debt issues outstanding. These issues, net of applicable discounts, included $3,690,000 of general obligation bonds, $27,228,886 of revenue bonds, $15,199,502 of leasehold revenue bonds, and $6,990,000 certificates of participation. This compares to $10,985,000, $16,013,330, $17,225,568, and $3,545,000 respectively for the previous year. This year the City issued the following bonds : $3,530,000 in certificates of participation to extend water and sewer services to a newly annexed subdivision and to pay for closure costs of (lie City's landfill and $11,462,661 in sewer revenue bonds for sewer .system improvements. An escrow account established by refunding general obligation bonds in previous years was used to call $7,090,000 in general obligation bonds on November 1, 1994. Only $1,255,000 of the bonds currently outstanding will w - require use of general fund revenues for their future debt service.. Tice City has maintained its "A" rating fom Moody's Investor Service on general obligation bond issues. Cash Mannuement Policies and Prae ices. The City currently operates under an investment policy established by resolution of City Council on July 10, 1989 and amended by resolution on April 19, 1993. The major objectives of this policy are preservation of principal invested, availability of cash when needed, maintaining a market rate of return, and avoidance of any investment that may impair public trust. The policy allows City funds to be invested in U.S. Treasury issues, U.S. agency issues, repurchase agreements that are written and fully collateralized by the previous mentioned bonds that are delivered to a third party, collateralized or insured certificates of deposit, and money market instruments comprised of the above mentioned instmments. The City currently uses all the above instruments as investments for its operating fiords. The proceeds of bond issues may be investedaccording to their indennues. At the end of this year the City's investment portfolio consisted of $13,788,244 of %ii r operating funds and bond proceeds invested according to the investment policy for operating r funds, $12,680,766 of escrow accounts and bond proceeds accounts whose investments were controlled by entities outside the City, and $10,782,434 of construction and debt service proceeds ' whose investments were made by the City in permitted investments according to the indentures �. of leasehold revenue bonds and certificates of participation that had been insured by Financial Guaranty Insurance Company. All collected cash balances are used daily to purchase an overnight repurchase agreement through the City's depository. At the end of the year, the investment portfolio purchased according to the investment policy for operating funds had a weighted average yield and life to maturity or worst call of 6.36% and 1.39 years respectively, and the investment portfolio purchased according to bond indentures had a weighted average yield and life to maturity or worst call of 6.56% and 1.23 years respectively. Average U.S. treasury bond yields at the end of the year were 5.62% and ` 5.77% for the one-year and 18 -month maturity respectively. Risk Management. The City has established self-insurance plans for employees health insurance and workers compensation. Both of these are accounted for in internal service funds that use premiums charged to other City funds to pay out health and workmen's compensation claims and administrative costs. The City has hired an administrator for each plan and is ` substantially self-insured, but is insured against large losses by private insurance companies. Additionally, various control techniques have been implemented including employee accident prevention training, formation of employee safety committee, and committee review of all accidents. r At the end of the year, the retained earning balances of the internal service funds that account for the health insurance and workmen's compensation plans were $1,034,859 and $523265 respectively. This compares to $867,990 and 234,062 respectively for the previous year. Other Information `. Independent Audit. The City Charter of the City of Cape Girardeau requires that an annual audit be performed by independent certified public accountants. "Che f rn of Begley, ' Janssen, Young, & Birk was selected by the City Council to audit the records of the City for the .. fiscal year ended lune 30, 1995. The firm conducted their audit in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and the provisions of the Office of Management and Budget Circular A-128, "Audits of State and Local Governments." The audit was also designed to meet the requirements of the Single Audit Act of 1984. In the Financial Section of this report, the auditors' report on the general purpose financial statements and combining, individual fund and account group statements and schedules are included. In the Single Audit Section of this report, the auditors' report on internal controls and compliance with applicable laws and regulations concerning federal financial assistance can be found. Awards. The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City ` of Cape Girardeau, Missouri for its comprehensive annual financial report for the fiscal year ended June 30, 1994. This is the first year the City of Cape Girardeau received this prestigious award recognizing conformance with the highest standards for preparation of state and local xiii govermucnf finreports. ancial rets. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report in accordance with generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for one year only, so in order to participate in the program a comprehensive annual financial report must be submitted for review each year. Tire Finance Department of the City of Cape Girardeau would like to submit the comprehensive annual financial report of the City of Cape Girardeau for the fiscal year ended June 30, 1995 to the Govermnem Finance Officers Association for review in the Certificate of Achievement program. We believe our report conforms to the program requirements and is an efficiently organized report that will enhance readers in accessing die financial affairs of the City of Cape Girardeau. AcknoHled+metas The preparation of the comprehensive annual financial report has been a significant accomplishment of the Finance Department of which we are proud to have completed. We would like to express our gratitude for the continued support of management which made the preparation of this report possible. We are looking forward to the challenges and opportunities that the Certificate of Achievement for Excellence in Financial Reporting .� Program offers for the future, Respectfully submitted, Michael G. Miller John R. Richbourg City Manager Finance Director Certificate of Achievement for Excellence in Financial Reporting Presented to City of Cape Girardeau, Missouri For its Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 1994 A Certificate of Achievement for Fxcellence in Financial Reporting is presented N the Goverllment TIMMCe Officers Association of the United States and Canada to government units and public employee retirement systems whose comprehensive annual financial reports (CAFRs) achieve the highest standards in government accounting and Gnondol reportinq. qcE vrtra 0 qX°0" Presdent _`O Nt46Gltllia XV I Library Recreation Mahtemrn e Course CITY OF CAPE GIRARDEAU, MISSOURI ORGANIZATIONAL CHART CITIZENS OF CAPE GIRARDEAU ■ Services Corvention & Visitors Municipal Court Planrting Services Engi�ing __. Services Inspection Smices 1 1 1 I I I 1 I 1 I i I i I 1 1 1 I I CITY OF CAPE GIRARDEAU, MISSOURI PRINCIPAL OFFICIALS June 30, 1995 Elected Officials Mayor A. M. Spradling III Councilmember, Zone 1 J.J. Williamson, Jr. Councilmember, Zone 2 Thomas A. Neumeyer Councilmember, Zone 3 M. Jack Rickard Councilmember, Zone 4 Melvin C. Kasten Councilmember, Zone 5 Melvin R. Gateley Councilmember, Zone 6 Richard L. Eggimann Appointed 011icials City Manager J. Ronald Fischer Assistant City Manager/ Public Works Director Douglas K. Leslie Administrative Services City Attorney Warren L. Wells Human Resources Director Daniel G. Ward Finance Director John R. Richbourg Convention/Visitors Director Mary F. Miller Public Safety Police Chief Howard H. Boyd Fire Chief Robert L. Ridgeway Parks & Recreation Director Daniel D. Muser Development Services City Planner Kent M. Bratton City Engineer J. Kersey Russell Inspection Services Director Richard L. Murray x ii THIS PAGE INTENTIONALLY LIFT BLANK. E p 14 F4 L4 FINANCIAL SECTION THIS PAGE INTENTIONALLY LEFT BLANK. N I 0 H 0 11 INDEPENDENT AUDITORS' REPORT 1� A j 0 THIS PAGE INTENTIONALLY LEFC BLANK. Begley, Janssen, Young & Birk CERTIFIED PUBLIC ACCOUNTANTS 2103 THEMIS ST - CAPE GIHAHDEAu MISSOURI 63701 -TELEPHONE (314( 334-2645-FAX(314)3344338 PARTNERS r JOHN R. JANSSEN, CPA JENNIFER WESTRIGH ' TERRY R. BEGLEY. CPA GRADY S. MARTIN IAWRFNCE E. YOUNG. CPA r KELVIN W. BIRK, CPA r INDEPENDENT AUDITORS' REPORT ON THE GENERAL PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION r Honorable Mayor and Members of the r City Council City of Cape Girardeau, Missouri r we have audited the accompanying general purpose financial statements of the City of Cape Girardeau, Missouri as of June 30, 1995, and for the year then ended as listed in the table of contents. These general purpose financial statements are the responsibility of the City of Cape Girardeau, Missouri's management. Our responsibility is to express an opinion on these ' general purpose financial statements based on our audit. r We conducted our audit in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and the provisions of r Office of Management and Budget Circular A-128, "Audits of State and Local Governments". Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain reasonable r 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 r 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 r to above present fairly, in all material respects, the financial position of the City of Cape Girardeau, Missouri as of June 30, 1995, and the results of its operations and cash flows of its r proprietary fund types for the year then ended in conformity with generally accepted accounting principles. I- Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri Page 2 Our audit was made for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The combining, individual fund and account group financial statements r 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 presentedin all material respects in relation to the General purpose financial statements taken as a whole. The accompanying information in the Statistical section is presented for purposes of additional analysis and is not a required part of the general purpose financial statements. Such information has not been subjected to the procedures applied in the audit of '- t.he genoral purpose financial statements and, ,.ccordingly, we express no opinion on it. BEGLEY, JPNSSEN, YOUNG & BIRK g)&.., �M Y� qA Cap rardeau, ifi ssot�'i� October 20, 1995 H 0 I GENERAL PURPOSE FINANCIAL STATEMENTS ['I i,I L� TRIS PAGE INTENTIONALLY LEFT BLANK. p3 R City of Cape GYatlmu, Missouri COMOIN ED LLAIANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS Jure 90. 1995 Fdrwary GevmnmentriI Fund Types I"Wiemry Fund Types Funtl Type Attofor, Groupe Genal Orsini Specel Doi Cai 10.1 Flied LcrM-Tenn Torok ManarertlMp pTsel Det -is BflmOuG Ssfri Ralnae Entermlan SeLtlID Ape09y Aneeln nen- H -:-@G 5=3-99 ASSETS AND OTHER DE TTS Assets: Croft eM oasts epulrr r. 52206,001 $1465.917 5649,348 $4.998,918 $1,242,657 $1,551225 8422,436 $- E- $12,538502 8&644198 boss... - 1,148599 2350,910 1,651,]26 711 Se30088 1,215,923 - - 7,712,501 1855&041 Rem'Ivabke, net ofellovenoes for doub8ul receHables Pref rete, parsorel property, aM mercbarxs axes 49911 7.373 12753 - - - 194,44 - - 84441 90,733 Sees res 5%.821 139.920 - - - - - - - 693.741 596,5]] Frere blur laves 1,86,(59 - - - - - - - - 1,IM6,359 1,124,5]8 Hotel-molelksrecelvb1e - 31,339 - - - - - - - 31,339 29,016 Reslnurent.b sKede - 49,061 - - - - - - - 49.61 44,018 Utility crrargm rece'Nebe - - - - 1,136239 - - - - 11135.239 1.129144 Speaal assessments recebeGe 40,743 - ]2410] 147,847 101,636 - - - - 1,014,533 721,467 Interest reeereaWe fi3526 17,662 35,174 33537 55,363 1Q541 216,023 1H1,969 Other receNebles 6],196 20,785 - - Sci 67287 759 - - 256,176 im,am Nolesractlwde - - - 12097 - - - - - 1{03] if 1iw IMs,co,sr.Rrtsl repe'Nebes Motor fuel bX - 67329 - - - - - - - fi],323 69,379 Molorvebcle so- Fees - 15449 - - - - - - - 15449 13,269 Mulct ell R. tsa - 17652 17,852 18660 tiaras receNeble 39630 28352 - 171,375 43191 - - - - 282,548 199230 Due for other fun. 1,01 1M,237 - - - - - - - 1,182,610 250,776 Advances to other funds 1,76251,4 - - - - - - - - 1.]52 ,500 -797,500 71 - - - 154592 8,416 - - - 165 079 164,662 Rortnoted assets Oath enu Cash soUrerrlD 14,566,922 14,566,922 $617,101 1-tifomenls 3,561,359 3,561,359 1,913,557 ,,,pad Firms 71,935 14,491 - - 6&,9)6 91,276 - - - 6BJ,590 5%W2 Feed est., net of accumuWted m7eortlon - - - - 32266,490 745,935 - 14639351 - 43651,776 39937300 Olbar dabib, aooum availoao in D [S -co Furl - - - - - - - - 29(li 2967®1 9767,195 shorn 11 be or-rdi for forrsi afgeryrallorg-farm debt - - - - - - - - 14146,599 14146,599 18260.661 AToure to be provtled for future payor ent of compensated absences 512349 542349 491,531 Teel assets and aline debits sif 4m $3153556 So 772292 $7,015,50) $54,642997 S31247W ST656516 E19fi39351 $19,SM 629 $110546856 $10],39,149 (CONTINUED) THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT, Clry or Cape Gvartl®u, Missouri COMBINED BALANCE SHEET F L FUND TYPES AND ACCOUNT GROUPS J-30, 1995 Fid.d.ry Gwemmmtol Full Typas Prcpae., Eu.1 Typue Fu Typo Mmn[Grgpa S'elel Detrt Captel Interel ( Ael FIMU G Aol Lane-Txm Tnlo a Mem m90tluN.�n1YJ Go.1 11flsu+lp_ q&ndm PT�. L6enAlso �m.. Ao o4Y. Aai_ 31.fGL b-X-afl SA35. LIABILITIES, EQUITY AND OTHER CREDITS Lob6niee: Accounts payable S219.03] 897,809 $- S71349 $868,310 5464,445 Sd033 $- 8- 51,]28,9]6 Sl 864477 Accrued l''.Niree Ssleries,Myrdl nixes end beoens 264,879 48292 - - 133,396 25798 11,4o6 - 542,349 1,026,112 910,]1] Notes peyeble 44,802 44,502 - Intera5lPayeble - - - - 382966 - - - - 352,966 353,063 Other leer ries 30.299 287 - - 141,315 44 348,152 - - 531,097 447483 Due to other 9ovemm alts 4,419 - - SW 181,468 - - - 81,841 268.228 228,952 Cue to N.Ounis - 51,593 132237 1] 5453 ax,330 - - - - 1,182.610 2W,]]] Ad 000 from otharfurds - - - - 161],500 - 75000 - - 1.52 ,500 1,]9],500 Current Portbn of lag -tame debt 977,231 2,012.]69 3,020,x'0 9,694,319 Long -tome ded rel .1,anent po,Too Revenue bolls peyeble - - - - 26832.022 - - - - MIK12,022 15657244 Leesehold ravwue bonds pay ele - - - - 2.40,459 - - - 10,214.870 12955,329 15081805 - O orlr<tas of partirpe(pn - - - - 31420000 - - - 3,= 6,745,000 3.460.0) camel oa gt to, rslu,J, bonds payable - - - - - - - - 3,000,000 3,300.003 3190.003 °:plated Ian? 1 -011e e]h p21t-=110 cost l'abllay - - - - 913.250 - - - - 913,250 2,132:'77 Osrer9d MT pencepon me ampoyees - - - - - - 1,215,778 - - 1,215923 901,051 Dekrre]revenues 1,95,119 2]4]93 ]32,1]4 146,121 2.Z15,N7 17MW9 ToW fmbilitim 1.593,746 4]5,771 864,411 393,423 39,133.039 490,28] TUNES 516 - 19,5%829 64.206,022 58,219,493 Equity all ober ae 1. mest,t In a eeral rad esse:' - - - - - - - 10,639,351 - 10,639251 le451,750 Conpibute] cepral - - - - 163]0,]45 - - - - 163]0.]45 15151,561 Reamedeer' pal Reserved _ _ _ _ 26667 _ _ _ _ 26667 25000 rra� -ervetl _ _ _ _ (M2451) 2634.481 1.4],@] (622.991) vl-roPes Bol-1: rved 1$9,500 2`, 2,99]7781 5,894002 10,651.42 1&]49.]34 Unreservaf 39310 24188 496 - 81 - - - - - 6]D5111 5340.fl15 Total A,uity all other macre 5.349300 2,61].]85 2907881 6,�,07 15509958 262H,Q1 10639351 - 46340,833 49,103,656 Tool Fnbilitis, e,uHy end dlwr credfb 56943046 53153556 53772292]OS 15500 %64 937 $1, 11247 1659516 $10009351 $19599829 $1105468`.6 S107323149 THE NOTES -0 THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEM FM. A 4 1 I I 1 I I I I I f I ! I 1 I ! 1 City of Cape Girardeau, Missouri COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30, 1996 EXPENDITURES Current Administrative services 1,187,852 927,642 GOVERNMENTAL FUND TYPES - 2,115,694 Development seMces 1,087,723 32,262 - - 1,119,964 TOTALS ^ 654,745 - SPECIAL DEBT CAPITAL (MEMORANDUM 126,793 - GENERAL REVENUE SERVICE PROJECTS ONLY r - 1,709,219 Contingency 123,390 - - - REVENUES Capital onlay - - - 1,823,176 1,823,176 Taxes $9,496,242 $2,595,917 $286,926 $- $12,379,085 Principal Licenses and permits 1,059,118 - - - 1,059,118 r. Intergovernmental 231,410 1,329,738 8,847 592,322 2,162,318 1,800,320 Charges for serAces 274,657 338,880 - - 613,537 Interdepartmental serAces 433,821 - - - 433,821 (886,981) Rtes and forfeitures 501,565 - - - 501,565 Mscellanecus 66,722 105,955 - - 172,677 Operating transfers out Interest 280,773 163,929 383,984 365,678 1,194364 19,317 - - - 19,317 Special assessments 5,194 - TOTAL REVENUES 12,344,309 4,534,419 679,757 958,000 18,516,486 EXPENDITURES Current Administrative services 1,187,852 927,642 - - 2,115,694 Development seMces 1,087,723 32,262 - - 1,119,964 Parks and recreation 894,260 654,745 - - 1,549,005 Public safety 6,314,096 126,793 - - 6,440,889 Public works 1,658,654 50,565 - - 1,709,219 Contingency 123,390 - - - 123,390 Capital onlay - - - 1,823,176 1,823,176 Debt seMce Principal - - 8,973,375 - 8,973,375 hteresland fiscal charges 176 8,114 1,448,341 21,804 1,478434 TOTAL EXPENDITURES 11,266,151 1,800,320 10,421,715 1,844,980 25,333,167 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 1,078,158 2,734,099 (9,741,958) (886,981) (6,816,680) OTHER FINANCING SOURCES (USES) Operating transfers In 824,435 752,500 2,619,500 248,148 4,444,583 Operating transfers out (1,338,648) (3,061,500) - (99,435) (4,499,583) Proceeds from fixed assets 19,317 - - - 19,317 Special assessments 5,194 - 263,144 42,731 311,069 TOTAL OTHER FINANCING SOURCES (USES) 489702 (2309000) 2,882,644 191,443 275,386 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES 588,456 425,099 (6,859314) (695,537) (6,541,294) FUND BALANCES. JULY 1 4,760844 2,252,686 9767,195 7,317,614 24,098,339 FUND BALANCES, JUNE 30 $5349300 $2677785 $2907881 $6622077 $17557045 THE NOTES TO THE FINANCAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. II THE NOTES TOTHE FINANCALSTATEMENTS ARE AN INTEGRALPARTOFTHIS STATEMENT. l2 _ City of Cape Girardeau, Missouri COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (BUDGET BASIS) - GENERAL AND SPECIAL REVENUE FUND TYPES FOR THE FISCALYEAR ENDED JUNE 30, 1995 GENERAL FUND SPECIAL REVENUE FUNDS VARIANCE VARIANCE BUDGET ACTU FAVORABLE NAEAVORABLEI 6UDGET ACTUAL FAVORABLE (UNFAVORABLE) REVENUES Texas $9,298,150 $9,496242 $198,092 $2,394,]60 $2595,91] $201,157 Licenses aid pemits 725,550 1,059,118- Interpo ental 206,650 231,410 24,760 1,547,120 1,329,738 (217,382) Chagesfor saMcee 289,700 274,657 (14,043) 263,900 338,880 74,9(0 r lown,lepNVoontal s es 426,000 433,821 7,621 - - - Hnesand brfe4ures WDD0 501,565 (78,435) - - - Miscelerneous 45,000 66.722 21,722 116,345 105,96 (10,390) Interest 111,100 263,]73 1rB,673 65,700 163,929 9,229 TOTAL REVENUES 11,681,150 12,344,309 E63,159 4,387.825 4,534,419 146,594 EXPENDITURES Current Admbisbelive semces 1,258,437 1,187,852 70,584 1,16,076 1,100,375 65,701 DeveloMent seMces 1,209,660 1,031,415 118,245 37,330 32262 5,068 Paksandrecraztbn 96,994 911,160 24,635 681,887 66,788 16098 NNk safety 6,462,507 6,279,562 162,555 145,193 12'1,018 16,175 Pudicv ks 1641,983 1,603,919 3,064 250,000 98,386 151,614 ContingancY 6,500 123,390 Dem service Interest and fiscal charges 125 176 (51) 3,200 _ 8,114 (4.914) TOTAL EXPENDITURES 11575205 _11,197,864 371,342 2203,686 2,033,942 _. 249,744 EXCESS (DEFICIENCY) OF REVENUES OVER(UNDER) EXPENDITURES 16,945 1,146,445 1,040,500 ;104,139 2,500478 396,330 OTHER FINANCING SOURCES (USES) Operating lrenders in 824.435 824,435 - 652500 752'`'00 100'000 Operating t.ofersoul (1,355,500) (1,338,648) 16,852 (3,061,500) (3,061,500) - Procoodsfromfiredassets 7,500 19,317 11,817 - - - Spacidessessments - 5,194 5,194 - - - TOTAL OTHER FINANCING SOURCES 523565 (489702) 331863 (2403,000) (2.309000) 1N,OW (USES) EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES (417,620) 65,743 1,074,364 (300,661) 191,478 496,338 FUND BALANCES, JULY 1 4,649)50 4,649,756 2,241,316 2241 FUND BALANCES, JUNE 30 $4232138 $5306501 $1074 $1936527 $2_432e $496,338 THE NOTES TOTHE FINANCALSTATEMENTS ARE AN INTEGRALPARTOFTHIS STATEMENT. l2 _ Cit, of Cepa Giradeaa, Missouri COMBINED STATEMENT OF REVENUES, EXPENDNUFIES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (BUDGET BASIS) - DEBT SERVICE AND CAPITAL PROJECTS FUND TYPES FOR THE FISCAL YEAR ENDED JUNE W. 1995 ' DEBT SERVICE FUND CAPHAL PROJECTS FUNDS VARIANCE VARIANCE BUDS II ACTUAL FAVORABLE (MEMORABLE) BUDGET ACTUAL FAVORABLE NNFAVORABLE r REVERIES Taxes $280,200 $6,926 $6,726 $- $- $- Intergo� amental 8,700 8,847 147 4,299,135 592,322 (3,706,813) Interest 375,700 383,984 8,264 226,350 3U5,678 1N,328 �r TOTAL REVENUES 664,600 679,757 15,157 4,525,4&5 956,000 (3,567,485) EWENDITURES r Capdal o011q - - - 10,564,345 1,605,104 8,979,241 Dem senate p ncipa' 8,973,378 $973,375 3 - - - ' Interest and A.herges 1,308,617 1,448,341 139,723 - 21,&M 21,8NI r TOTAL EXPENDITURES 10,281096 10,421,715(1 3R720) 10,584,345 1,626,908 8,957,43] EXCESS (DEFICIENCY) OF REVENUES OVER (UNDEF$ E4'ENDRURES (9,617,396) (9,741,958) (124,563) (61056,860) (668,909) 5,389,951 r OTHER FINANCING SOURCES (USES) OWdng tree Ram in 2626,. 2,619,`..00 (7,000) 2E J= 248,146 (16,852) OWatng ben rsoN _ _ _ (106,435) (99,435) 7,000 SpeciN assessnents 50,000 263,144 213,144 39,600 42,731 3,131 r TOTAL OTHER FINANCING SOURCES _ (USES) 2,676,500 2,882,644 206,144 196,165 191,443 (6,722) r, EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND s OTHER FINANCING USES (6,940,896) (6.B .314) 61,582 (5,860,695) (4T,,465) 5,383,230 FUND BALANCES, JULY 1 FUND BALANCES, JUNE 30 r 9767,195 9,767,195 6,769,502 6,769,502 $2826,300 $2,907,661 $81,582 $906,607 $6,2 ,W7 $5.363230 THE NOTES TOTFIE FINANaALSTATEMENTS ARE AN INTEGRALPARTOFTHIS STATEMENT. � 1 "S THE NOTES TO i HE FINANCIAL STATEMENTS ARE AN INTEGRAL PARI OF THIS STATEMENT. City of Gape GkaetlaaA, Missouri COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS ALL PROPRIETARY FUND TYPES FOR THE FISCALYFAR ENDED JUNE 3Q 1995 TOTALS PROPRIETARY FUND TYPES MEMORANDUM ONLY] INTERNAL ENTERPRISE SERVICE 1994 -1935 OPERATING REVENUES R.aelandal charges $5,052,177 $- $5,052,177 Com meraialchargea 2,768,808 - 2,768,808 Transfee station charge. 823,819 - 623,819 Equipment sale. 7,196 - 7,196 Conceesbn revenues 64,159 - 64,159 Goif...... fee. 34$206 - 34$206 Softball compiexl..a 20,660 - 20,660 Other fee. and charges 269,390 - 269,390 InferdepartmentAl services - 2,673,132 2,673,132 Othe r mise ell an a... 85,066 91,743 176,809 TOTAL OPERATING REVENUES 9,434,479 2,164,876 12,199,355 OPERATING EXPENSES Personnel services 1,867,328 427,480 2,294,8Q8 Materiels And supplies 241,939 271,277 513,217 Contra.Wi seM.aa 3,653,067 1.577,787 5,240,853 General operating expenses 335,749 8,090 343,839 Special projects expen.o (1,108,896) - (1,108,896) Int.mai somea expenses 373,471 3,024 376,495 Dep,.6ntion ..pan.e 1^300,225 134,$43 1,441,060 TOTAL OPERATING EXPENSES 6,678,864 2422,501 9,101,389 OPERATING INCOME (LOSS) 2,755,595 342,375 3,097,970 NON-OPERATING REVENUES (EXPENSES) ntcr.minceme 529,859 105,668 635,727 Federal grants 16,439 - 16,439 Sale oH9xod assets 41,409 135 42,544 Compensation lar damages 4,050 1,255 5,305 Goin on Anle of securi5es 4,879 4,879 9,758 issuanca Iasi ernorisation (58,909] (56,909) ntoreetand handing.eats (1,431,921) (225) (1,482,146) TOTAL NON--OPERATING REVENUES (EXPENSES) _�9J; M51 _111912 _,781,289 INCOME (LOSS) BEFORE OPERATING TRANSFERS 1,862,401 454.287 2,316,668 Operating lranstare in 55,000 - 55,000 NET INCOME (I OSS) 1,917,401 454,287 2,371,688 RETAINED EARNINGS (DEFICIT), JULY I 2,770,188 2180,194 {597,994) RETAINED EARNINGS (DEFICIT), JUNE 30 _ ($850, 7871 $2,6314481 $1773594 THE NOTES TO i HE FINANCIAL STATEMENTS ARE AN INTEGRAL PARI OF THIS STATEMENT. as City of cape Girardeau, Missouri COMBINED STATEMENT OF CASH FLOWS— ALL PROPRIETARY FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30, 1995 PROPRIETARY FUND TYPES TOTALS INTERNAL (MEMORANDUM ONLY) ENTERPRISE - SERVICE 1994-1995 CASH FLOWS FROM OPERATING ACTIVITIES: Operating income (loss) $2)55,596 $342,375 $3,09],9]1 Adjustments to reconcile operating income to net cash provided by operating act hies: Deprecation 1,303,225 134,843 1,441,068 Cash operating grants receAed 16,439 — 16,439 Change in assets and liabilities: (Increase) decrease in accounts receivable (13],8]1) (65,276) 803,14]) (Increase) decrease in inventory 12 (495) (483) (Increase) decrease in prepaid hems P18,907) 31,774 (28],133) Increase (decree..) In accounts payable 23,948 103,392 128,340 Increase (decennial in accrued liabilities 881,436 (I 45f 88],291 Increase(decrease)1 in landfill posiclosure care costs (1918,977) — (1,218,9]]) Other (28,109) 1,960 126,149) NET CASH PROVIDED BY OPERATING ACTIVITIES 3,285792 549,428 3,835,220 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: Operating transfers in from other funds 55,000 55,000 NET CASH PROVIDED BY NONCAPITAL FINANCING ACTIVITIES 55,000 55,00 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: proceeds from developers 203,540 — 2W., O Proceeds from SRF bond 1.... 11,462,661 — 11,462,661 Proceed. from COP bond issue 3,539,312 — 3,539,312 Principal paid on revenue bonds 866,826) — 868826) Principal paid on lease purchase bonds (464,615) — (464,615) Interest paid on bonds and obligations (1,331,114) 826) (1,331,340) Proceeds from capital grants received from other governments 368,544 — 3%544 Purchase of fixed assets (4,222,325) (153,710) (4,376,035) proceeds of sale of fixed assts 69,974 69,974 NET CASH USED IN CAPITAL AND RELATED FINANCING ACTIVITIES 9,357,151 (153,936) 9,203,215 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of investments 8,394,942) 89,206) 8.494,148) Proceeds from sale of Investments 602,497 702,375 1,504,872 Interest on investments 513,256 103,868 619,126 NET CASH USED IN INVESTING ACTIVITIES (1,079,187) 709,037 @70,1W) INCREASE IN CASH AND CASH EQUIVALENTS 11,618,756 1,10,529 12,T23,285 CASH AND CASH EQUIVALENTS, JULY 1 4,192,823 446,696 4,639,519 CASH AND CASH EQUIVALENTS, JUNE 30 $15111 579 $1 551 225 $17362804 NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES: Contributiore of fixed assets $482,177 — $482,177 THE NOTES TO THE FINANCAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. THIS PAGE INTENTIONALLY LE6`P BLANK. 16 11 0 rl L NOTES TO THE FINANCIAL STATEMENTS 17 THIS PAGE INTENTIONALLY LEFT BLANK. 18 r City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 ` 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, r sanitation, health and social services, culture -recreation, public improvement, planning and zoning and general administrative services. r 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. Reporting Entity r. In evaluating how to defrte the City, for fmancial 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 five lease agreements with the Cape Girardeau (Missouri) ` Public Facilities Authority (CGPFA). The CGPFA is a not-for-profit corporation organized and existing under Chapter 355 of the Revised Statues of Missouri. The CGPFA board of directors consist of city officials and city council members. Due to the significant city influence and financial ` accountability, the activities of the CGPFA are blended with the financial presentation of the City. The corporation was used to execute the bond indentures for the purpose of issuing and securing ` the Series 1990A Bonds, Series 1990B Bonds, Series 1991 Bonds, Series 1993 Bonds, and limited additional bonds. These bonds were used to finance construction and improvements to sewer, solid waste, street, airport, flood control and other capital improvement projects. The bond payments are obligations of the CGPFA. The CGPFA has entered into a Lease Purchase Agreement with the City from which the lease payments will be used solely to retire the debt. Although they are not a component unit of the City, the City handles the funds of and provides accounting and other services for several entities. Since these funds are held in the City's name, these entities are shown as Agency Funds in the financial statements. City of Cape Girardeau, Missouri — NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 1. Reporting Entity - Continued Beginning July 1, 1994, the Softball Complex Fund was established in the enterprise fund types. The Shawnee Softball Complex Fund provides for the operation and maintenance of softball fields for softball league and tournament events. In addition, concession stands, shelters, and various sport complex features will provide various recreational activities. — 2. Fund Accounting The accounts of the City are organized on the basis of funds and account groups, each of which is — considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self -balancing accounts that comprise its assets, liabilities, fund equity, revenues and — expenditures or expenses as appropriate. Government resources are allocated to and accounted for in individual funds based upon the purpose — for which they are to be spent and the means by which spending activities are controlled. The various funds are grouped, in the financial statements in this report, into fund categories. GOVERNMENTAL FUND TYPES General Fund - The General Fund is the general operating fund of the City. All financial — resources, except those required to be accounted for in another fund, are accomned 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 tmst or major capital projects) that are legally restricted to expenditures for specified purposes. Debt Service Fund - The Debt Service fund is used to account for the accumulation of resources for, and the payment of, general long-term debt principal, interest, and related — costs. Capital Proiects Funds - Capital Projects Funds account for fmancial resources to be used for the acquisition or construction of major capital facilities, which are not financed by Proprietary Funds and Trust Funds. — 20 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued ` 2. Fund Accountine - Continued PROPRIETARY FUND TYPES The City has implemented GASB 20 (Accounting and Financial Reporting for Proprietary Funds and ` Other Governmental Entities that use Proprietary Fund Accounting) by choosing to apply the accounting principles in (1) all GASB pronouncements and (2) FASB (Financial Accounting Standards Board) Statements 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 (GFA) - 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. General Lone -Terre Debt Account Group - The General Long -Term Debt Account Group is used to account for long-term liabilities to be financed from governmental funds. City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NO'T'E 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 Group of Accounts, rather than in governmental funds. Public domain (infrastructure) general fixed assets, including roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting systems, are not capitalized along with other general fixed assets. Depreciation has been provided on all capitalized assets, except for land. All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated assets are valued at their estimated fair value on the date donated. Repairs and maintenance are recorded as expenditures; renewals and betterments are capitalized. Proprietary Funds - Additions to the Proprietary Funds are recorded at cost or, if contributed _ property, at their estimated fair value at time of contribution. Repairs and maintenance are recorded as expenses; renewals and betterments are capitalized. The sale or disposal of fixed assets is recorded by removing cost and accumulated depreciation from the accounts and charging the resulting gain or loss to income. Depreciation of all exhaustible fixed assets used by Proprietary Funds is charged as an expense against their operations. Accumulated depreciation is reported on Proprietary Fund balance sheets. Depreciation has been provided over the estimated useful lives using the straight-line method. The _ estimated useful lives are as follows. Buildings 25-50 years _ Improvements 10-40 years Equipment 3-10 years When applicable, interest cysts 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 govemmental funds are accounted for using a current financial resources measurement — focus. With this measurement focus, only current assets and current liabilities generally ate 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 eamings components. Proprietary fund type operating statements present increases (e.g., revenues) and decreases (e.g., expenses) in net total assets. 22 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 4. Basis of Accountine - Continued The modified accrual basis of accounting is used by all governmental fund types and agency funds. Under the modified 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 detemtined and "available" means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. The City considers revenue to be available if it is collected within 30 days after year-end. Expenditures are recorded when the related fund liability is incurred. Principal and interest on long- term debt are recorded as fund liabilities when due or when amounts have been accumulated in the debt service fund for payments to be made early in the following year. Those revenues susceptible to accrual are property taxes, franchise taxes, special assessments, licenses, interest revenue and charges for services. Sales taxes collected and held by the state at year-end on behalf of the City also are recognized as revenue. Fines and permit revenues are not susceptible to accrual because generally they are not measurable until received in cash. The accrual basis of accounting is utilized by proprietary funds. Under this method, revenues are recorded when earned and expenses are recorded at the time liabilities are incurred. The City reports deferred revenue on its combined balance sheet. Deferred revenues arise when a potential revenue does not meet both the "measurable" and "available" criteria for recognition in the current period. Deferred revenues also arise when resources are received by the City before it has a legal claim to them, as when grant monies are received prior to the incurrence of qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met, or when the City has a legal claim to the resources, the liability for deferred revenue is removed from the combined balance sheet and revenue is recognized. 5. Encumbrances Encumbrances represent commitments related to unperformed contracts for goods or services. Encumbrance accounting is utilized in all funds. Encumbrances outstanding at the end of the year ` in the governmental funds are reported as reservations of fund balances and do not constitute expenditures or liabilities because the commitments will be carried forward and honored during the subsequent year. Encumbrances outstanding in the proprietary funds do not constitute expenses but will be honored in the subsequent year. 6. Budgets and Budgetary Accounting The City adopts annual operating budgets for all funds. 23 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE A - SUNINIARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 6. Budgetsand Budgetau Accounting - Continued The City follows these procedures in establishing the budgetary data reflected in the francial 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. Depwrments may not legally exceed their appropriations without approval from the City Council, Appropriations expire at the end of the year, however, outstanding encumbrances at the end of the year are honored by the City. 5. Formal budgetary integration is employed as a management control device during the year for all funds. 6. Budgets for all funds are adopted on a budgetary basis. Additional budget appropriations by department made throughout the year are as follows: Administrative services $ 197,000 Development services 5,000 Public safety 19,208 Public works 358,770 Contingency 16.250 Of die above appropriations, $171,000 was allocated to provide budget's for the origination of the airport restaurant and public awareness divisions, $19,208 for the hiring of additional officers under the community oriented policing services program, $214,000 for transfer station disposal fees due to increased volume, $16,250 for removal of underground storage tanks, $67,100 for repair of water facilities from the Mississippi River flooding of 1993, and $108,670 for miscellaneous general operating and contractual services costs of the general, airport, and water fonds. For the year ended June 30, 1995, expenditures of the debt service fund and the general fiord contingency expenditure exceeded the approved budget by $139,7l9 and $56,890 respectively. 21; ► City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 ► NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 6. Budeets and Budeetary Accounting - Continued The Combined Statement of Revenues, Expenditures, and Changes in Fund Balance -All Governmental Fund Types reports revenues and expenditures on the modified accrual basis of accounting in accordance with GAAP. The Combined Statement of Revenues, Expenditures, and Changes in Fund Balance -Budget and Actual (Budget Basis) for all governmental fund types is ► prepared on a budgetary basis of including encumbrances as expenditures. The following reconciliation adjusts GAAP basis to budget basis: Excess (Deficiency) of Revenues and Other e Financing Sources over (under) Expenditures and _ Other Financing Uses Special Debt Capital General Revenue Service Proiects GAAP Basis $ 588,456 $ 425,099 $ (6,859,314) $ (695,537) Increase due to: Prior year encumbrances 111,086 11,298 - 548,112 ► Decrease due to: Year-end encumbrances Administrative services 182,651 r Development services 3,775 Parks and recreation 18,855 11,697 Public safety 5,073 2,750 ► Public works 15,096 47,821 Capital outlay 330.040 42,799 244.919 330.040 Budget Basis 656 743 191 478 $ (6,859,3141 477 465 The individual proprietary schedules of comparing budget to actual is reported on a budgetary basis of reporting encumbrances as expenses. In order to provide a comparison to GAAP statements, the adjustments are reported as follows: Net Income (Loss) Solid Golf Softball Sewer Water Waste Course Complex GAAP Basis $ 400,921 Increase due to: - Prior year encumbrances 2,977 Decrease due to: 718 Year-end encumbrances 2,263 Materials and supplies Contractual services 11,109 Special projects expenses 1 791 735 12,900 Budget Basis 390,998 $ (60,172) $ 1,577,398 $ 40,932 $ (41,678) 19,469 - 3,839 - 262 313 718 735 2,263 230 54 735 2,525 543 772 (41,438)$ 1,574,873 44 22842 450 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 6. Butte Is and Budgetary Accounting - Continued -' Net Income (Loss) Data Fleet Processing Management GAAP Basis $ - $ (1,785) Increase due to: Prior year encumbrances 1,051 Decrease due to: Year-end encumbrances _ Materials and supplies 60 119 Contractual services 300 - Special projects expenses _ 360 119 Budget Basis $ (360 853 7. Inventories Inventories consist primarily of supplies, valued at cost, which approximates market. Cost is determined using a weighted average method. The cost of inventories is recorded as expenditures or expenses when consumed rather than when purchased. 8. Compensated Absences 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 Discountstlssuance 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 colmrms do not present results of operations in conformity _ with generally accepted accounting principles. Neither is such data comparable to a consolidation. 26 W. City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 r NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 10. Total Columns - Memorandum Only - Continued Interfund eliminations have not been made in the aggregation of this data. r 11. Cash and Cash Equivalents 6 ' For purposes of the statement of cash flows, the proprietary fund types consider all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. ` 12. Comparative Data Comparative totals for the prior year have been presented in the accompanying financial statements in order to provide an understanding of changes in the City's financial position and operations. However, presentation of prior year totals by fund type have not been presented in each of the statements since their inclusion would make the statements unduly complex and difficult to read. 13. Prepaid Items W Payments made to vendors for services that will benefit periods beyond June 30, 1995 are recorded w as prepaid items. 14. Restricted Assets r 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 Y- those proceeds of revenue bond issuances that are restricted for use in construction. The "revenue bond current debt service" account is used to report resources set aside to make up potential future deficiencies in the revenue bond current debt service account. 15. Lone -term Oblieations ' Long-term debt is recognized as a liability of a governmental fund when due, or when resources have been accumulated in the debt service fund for payment early in the following year. For other long-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 -teen debt account group. Long -tern liabilities expected to be financed from proprietary fund operations are accounted for in the appropriate proprietary r fund. ` 16. Interfund Transactions Quasi-extemal transactions are accounted for as revenues, expenditures or expenses. Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that me 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. r >7 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued 16. lnte on Transactions -Continued All other interfund transactions, except quasi -external transactions and reimbursements, are reported as transfers. Nonrecurring or nomoutine permanent transfers of equity are reported as residual equity transfers. All other interfund transfers are reported as operating transfers. I7. Short-term laterfund Receivahles/Payahles 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. 19. Post.Emnlovment Health Care Rene!li,(s 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 8). Currently, fifteen employees meet those eligibility requirements. The City provides health care coverage for them until age 65. _ The cost of retirees' health care benefits is recognized as an expenditure as premiums are paid. For 1995, those costs totaled $17,082. _ COBRA Benefits - Under the Consolidated Omnibus BudgetReconciliation 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 tinder this program, and there was one participant in the program as of June 30, 1995. NOTE B - DEPOSITS AND INVESTMENTS 1. Deposits At June 30, 1995, the carrying amount of the City's deposits was $309,122 and the bank balance was $303,522 which excludes $5,600 of petty cash funds held at various City locations. 'Me deposits are categorized in accordance with risk factors created by governmental relxMhrg standards. 3 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE B - DEPOSITS AND INVESTMENTS - Continued 1. Deposits - Continued Carrying Bank ` Amount Balance Category #1 $ 105,038 $ 105,038 Category #2 204,084 198,484 Category #3 - - 309 122 L203 522 Category #1 includes deposits covered by deposit insurance or collateral held by the City in the City's name. Category #2 includes deposits covered by collateral held by the fuumcial institutions trust department in the City's name. Category #3 includes deposits which are uncollateralized or the collateral is held by the financial institution's trust department but not in the City's name. 2. Investments r The City is allowed to invest its available operating and reserve funds in (1) obligations of the United States or its agencies and instrumentalities; (2) repurchase agreements collateralized by securities listed in (1) above, documented by a written agreement, fully collateralized by delivery �. to an independent third party custodian, and are marked -to -market; (3) Insured or collateralized deposits or certificates of deposit of banks, savings and loan associations, and other regulated financial institutions; (4) money market mutual funds whose portfolio consists of the foregoing instruments; and (5) other prudent investment instruments approved prior to purchase by a two-thirds majority of the City Council. Investments are stated at cost or amortized cost, except for investments in the deferred compensation agency fund which are reported at market value. ` Proceeds of bond issues may be invested as allowed in the bond indenture. Investments made by the City are summarized below. The investments that are represented by specific identifiable investment securities are classified as to credit risk by the three categories described below: Category #1 Insured or registered, or securities held by the City or its agent in the City's name. Category #2 Uninsured and unregistered, with securities held by the counter -party's trust department or agent in the City's name. Category #3 Uninsured and unregistered, with securities held by the counter -party, or by its trust department or agent but not in the City's name. r 29 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE S - DEPOSITS AND INVESTMEN'T'S - Continued 2, Investments - Continued Repurchase Agreements Certificates of Deposit - Insured By Agencies of U.S. Government U.S. Government Securities Money Market Account U.S. Government Securities State Revolving Fund Program Investments in Deferred Compensation Plan NOTE C - PROPERTY TAXES Category__ #1 #2 #3 $ 5,231,634 $ - $ - 1,447,755 - 12,906,211 - - 4.968.460 24,554,060 $_ $_ Carrying Market Value Value $ 5,231,634 $ 5,231,634 1,447,755 1,447,755 12,906,211 12,904,877 4968460 4.968.460 24,554,060 24,5.52,726 12,322,179 12,322,179 1,215,923 _ 121.5923 $ 38,092.162 JIM9,0828 Property taxes attach as an enforceable lien on property as of January 1. Taxes were levied on August 25, 1994, for collection during this fiscal year and were due oil or before December 31. Most of the taxes are collected in November and December, The tax rates assessed at the time were as follows: City Revenue $ .32/100.00 assessed valuation Library Tax .161100.00 assessed valuation Public Health Tax .05/100.00 assessed valuation Debt Service Tax .10/100.00 assessed valuation Special Business District .80/100.00 assessed valuation #2 (Ad Valorem) Property tax receivable balances as of lune 30, 1995 are as follows: Downtown Business Debt General District_ Health Service Library Total Current property tut $ 29,084 $ 699 $ 4,535 $ 9,096 $ 13,915 $ 57,329 Delinquent property tax 32,123 461 4,469 10,378 14,799 62,230 Reserve for doubtful property tares '20 29b (RS) X2,7 1 —6J21 19•''i10) 41M Net property tax receivables M9 075 298 12'753 19 404 80 441 30 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE D - CHANGES IN FIXED ASSETS A summary of the general fixed assets account group for the year ended lune 30, 1995 is as follows: Additions and deletions to the Enterprise Funds for the fiscal year 1995 were $4,744,852 and $368,226 respectively. Additions and deletions to the Internal Service Funds were $153,710 and $1,726 respectively. A summary of the proprietary fund type fixed assets for the year ended June 30, 1995 is as follows: Balance Internal Accumulated Balance Land July 1, 1994 Additions Deductions Depm;iatiat lune 30, 1995 Improvements other than building Land $ 2,073,938 $ - $ - $ - $ 2,073,938 Buildings 4,245,509 14,892 12,902 210,134 4,037,365 Improvements other depreciation 11,417,855 791,467 than building 1,774,058 561,860 - 136,960 2,198,958 Equipment 1,141,193 412,322 187,862 90,057 1,275,596 Construction in progress L217 052 404,391 567,949 - 1,053,494 Total general fixed assets $ 10,451,750 L1303 $768,713 437151 $ 10.639,351 Additions and deletions to the Enterprise Funds for the fiscal year 1995 were $4,744,852 and $368,226 respectively. Additions and deletions to the Internal Service Funds were $153,710 and $1,726 respectively. A summary of the proprietary fund type fixed assets for the year ended June 30, 1995 is as follows: 31 Enterprise Internal Fund Service Fund Land $ 238,790 $ 37,500 Buildings 9,060,278 416,109 Improvements other than building 27,653,591 27,206 Equipment 3,421,263 1,034,210 Construction in progress 3310,423 22,377 $ 43,684,345 $ 1,537,402 Less accumulated depreciation 11,417,855 791,467 32,266,490 745,935 31 City of Calx,, Girardeau, lvli,�s un NOTES TO FINANCIAL STATEMENTS Jute 30, 1995 NOTE, E - LONG-TERM OBLIGATIONS The following is a summary of bond transactions in the General Long-temr. Debt Account Group of the City for the year ended Jure 30, 1995. The following is a summary of bond transactions in the Enterprise Fund of the City for the year ended June 30, 1995. General Leasehold Certificates Obligation Revenue of — Bonds BondsPartici" t5afion Totl — Bonds payable at July 1, 1994 $ 10,985,000 $ 13,404,197 $ 3,545,000 $ 27,934,197 Bonds Retired (7,295,,(1") (I5 1558) (85,000) (8,96058) -' Bonds payable at 11,462,661 - 3,530,000 14,992,661 — June 30, 1995 3 690000 $ 11,822.639 3 460 000 $ 18 972,639 The following is a summary of bond transactions in the Enterprise Fund of the City for the year ended June 30, 1995. Bonds payable at June 30, 1995 are comprised of the following individual issues. S2 Leasehold Certificates Revenue Revenue of — Bonds__Bonds Participation Total Bonds payable at July 1, 1994 $ 16,013,330 $ 3,851,371 $ - $ 19,864,701 — Discount Amortization 7,875 3,934 - 11,809 Bonds Issued 11,462,661 - 3,530,000 14,992,661 — Bonds Retired (255.0H� (478.442) __ (733 442) Bonds payable at June 30, 1995 LIZ 228 ft6 3 376 863 13,530 t)0(} 34 135 729 Bonds payable at June 30, 1995 are comprised of the following individual issues. S2 r City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE. E - LONG-TERM OBLIGATIONS - Continued $ 3,690,000 1993 General Obligation Refunding Bonds due as follows: ` Year Ending Interest Principal Interest June 30 Rate Due Due Total ` 1996 5.50% $ 300,000 $ 164,588 $ 464,588 1997 3.75 320,000 150,338 470,338 1998 4.00 330,000 137,738 467,738 _ 1999 4.25 345,000 123,806 468,806 2000 4.50 355,000 108,488 463,488 2001 4.70 370,000 91,805 461,805 r 2002 4.90 390,000 73,555 463,555 2003 5.00 405,000 53,875 458,875 2004 5.00 425,000 33,125 458,125 2006 5.00 450.000 11.250 461,250 948,568 $ 4,638,568 r Principal payments are made annually on November 1, and interest payments are made semi-annually on May 1 and November 1. �. On April 20, 1993, the City of Cape Girardeau issued $3,690,000 of General Obligation Refunding Bonds Series 1993 with interest rates varying from 3.75% to 5.50%. The refunding bonds constitute general obligations of the City and will be payable as to both principal and interest from ad valorem r taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the City. The refunding bonds are being issued to provide the City with funds which together with other legally available funds of the City, were used to refund $3,580,000 principal amount of General Obligation Refunding Bonds, Series 1987, of the City and pay the costs of issuance of the bonds. .. To effect the refunding of the Series 1987 Bonds, the City entered into an Escrow Trust Agreement (the "Escrow Trust Agreement"), dated as of April 1, 1993, with Capital Bank of Cape Girardeau County, Cape G rardum, Missouri, as escrow agent (the "Escrow Agent"). Pursuant to the Escrow Trust Agreement, the City deposited $3,619,331 of the proceeds of the Bonds and $91,200 from the debt service fund for the Series 1987 Bonds to purchase United States Government Obligations in book entry form (the "Escrowed Securities"). The principal amount of the Escrowed Securities, together with the interest income thereon, was paid at such times and in such amounts, together with the moneys held uninvested by the Escrow Agent, to pay, when and as due, the interest on the Bonds to and including the Cross -Over Date and the principal of and redemption premium on the Series 1987 Bonds being called for redemption on the Cross -Over Date. � ii City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE E - LONG TERM OBLIGATIONS - Continued The Escrow Trust Agreement provides that the Escrowed Securities and the moneys held uninvested by the Escrow Agent are irrevocably pledged to the payment of the interest on the Bonds to and including November 1, 1994, and the principal of and redemption premium on the Series 1987 Bonds to be redeemed on November 1, 1994, and may be applied only to such payments. Payment was made on November 1, 1994. 1 1225,000 Serics 1993 Sewerage System Revenue Bonds due as follows Year Ending Interest Principal Interest June 30 Rate Due Due Total_ 1996 4.000% $ 80,000 $ 60,531 $ 140,531 _ 1997 4.200 85,000 57,331 142,331 1998 4.400 90,000 53,761 143,761 - 1999 4.600 95,000 49,801 144,801 2000 4.800 100,000 45,431 145,431 2001 5.000 110,000 40,631 150,631 2002 5125 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 5350 155.000 8 293 -IL4,293 1 225 O00 418 869 Lj&L3A869 These bonds are dated September 1, 1993. The proceeds of the bond issue were used to defease (in - substance) the $1,170,0()0 1986 Sewerage System Revenue Bonds. Principal payments are made annually on March 1, and interest payments are made semi-annually on March 1, and September 1. V City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE E - LONG-TERM OBLIGATIONS - Continued $ 11.700.000 Waterworks System Revenue Bonds Series 1992 due as follows: Year Ending Interest Principal Interest June 30 Rate Due Due Total 1996 5.00% $ 145,000 $ 753,820 $ 898,820 1997 5.25 185,000 746,570 931,570 1998 5.50 225,000 736,857 961,857 1999 5.70 275,000 724,483 999,483 2000 5.90 320,000 708,807 1,028,807 2001 6.00 370,000 689,928 1,059,928 2002 6.10 425,000 667,727 1,092,727 _ 2003 7.45 485,000 641,803 1,126,803 2004 7.45 555,000 605,670 1,160,670 2005 7.45 625,000 564,322 1,189,322 2006 6.40 705,000 517,760 1,222,760 2007 6.40 790,000 472,640 1,262,640 2008 6.40 885,000 422,080 1,307,080 2009 6.40 985,000 365,440 1,350,440 2010 6.40 1,095,000 302,400 1,397,400 2011 6.40 1,210,000 232,320 1,442,320 2012 6.40 2.420.000 154.880 2.574.880 .. $ 11.700.000 9 307 507 $ 21.007.507 " These bonds are dated April 1.5, 1992. The proceeds of the bond issue were used to purchase, extend and improve the water system serving the City. The purchase of the water system occurred on June 3, 1992. Principal payments are made annually on March 1, and interest payments are made semi-annually on March 1 and September 1. City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30,199.5 NOTE E - LONG-TERM OBLIGATIONS - Continued $ 2,435.000 Seweraee Svstem Revenue Bonds tState Revolvin Fund Program} Series 1491 due as follows: Year Ending Interest Principal Interest June 30 Rate Due DueTotal 1996 5.600% $ 70,000 $ 162,864 $ 232,864 1997 5.800 75,000 158,944 233,944 1998 6.000 80,000 154,594 234,594 1999 6.200 80,000 149,794 229,794 2000 6.300 85,000 144,834 229,834 2001 6.400 95,000 139,479 - 234,479 2002 6.500 100,000 133,399 233,399 2003 6.600 105,000 126,899 231,899 2004 6.875 110,000 119,969 229,969 2005 6.875 120,000 112,406 232,406 2006 6.875 130,000 104,156 234,156 2007 6.875 135,000 95,219 230,219 2008 6.875 145,000 85,937 230,937 2009 6.875 155,000 75,969 230,969 2010 6.875 165,000 65,312 230,312 2011 6.875 175,000 53,969 228,969 _ 2012 6.875 190,000 41,937 231,937 2013 6.875 205,000 28,875 233,875 2014 6.875 215.000 14 781 _ _229,781 2 43S 000 U 969 337 4 404 337 _ These bonds are dated December 1, 1991. The proceeds of the bond issue will be used to extend and improve the existing sewerage facilities serving the City. _ Principal payments are made annually on June 1, and interest payments are made semi-annually on June 1 and December 1. _ The interest due on the 1991 Sewer System Revenue Bonds will be subsidized by interest earnings on a reserve fund held by the bond issues trustee. As the City is reimbursed for sewer project expenditures from the construction funds held by the trustee, the Department of Natural Resources will deposit an amount equal to approximately 51,967% of the reimbursement into the reserve find The maximum amount of fiords that will be advanced to the reserve fund will be $1,250,000. As bonds are paid off 50`90 of the amount of bonds paid off will be repaid to the 13epartment of Natural Resources out of the reserve fund. The balance of the reserve fund at June 30, 1995 was $704,881. The reserve fund yields 6.71%. _ 6 r City of Cape Girardeau, Missouri NOTES TO FINANCIAL, STATEMENTS ` lune 30, 1995 r NOTE E - LONG-TERM OBLIGATIONS - Continued $ 500,000 Sewerage System Revenue Bonds (State Revolving Fund Program) Series 1993 due as follows: These bonds are dated August 1, 1993. The proceeds of the bond issue will be used to extend and improve the existing sewerage facilities serving the City. Principal payments are made annually on March 1, and interest payments are made semi-annually on March 1 and September 1. ` The interest due on the 1993 Sewer System Revenue Bonds will be subsidized by interest earnings on a reserve fund held by the bond issue's trustee. As the City is reimbursed for sewer project expenditures from the construction finds 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 lune 30, 1995 was $350,000. The reserve fund yields 5.15%. 37 Year Ending Interest Principal Interest June 30 Rate Due Due Total ` 1996 3.400% $ 15,000 $ 24,428 $ 39,428 1997 3.700 17,000 23,858 40,858 1998 3.900 17,000 23,212 40,212 ` 1999 4.100 18,000 22,511 40,511 2000 4.250 19,000 21,739 40,739 2001 4.400 19,000 20,917 39,917 2002 4.550 20,000 20,044 40,044 2003 4.700 21,000 19,096 40,096 2004 4.800 22,000 18,074 40,074 2005 4.900 23,000 16,983 39,983 2006 5.000 24,000 15,819 39,819 2007 5.100 25,000 14,582 39,582 2008 5.200 27,000 13,242 40,242 ' 2009 5.250 28,000 11,805 39,805 r 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 r 2013 5.400 35,000 5,049 40,049 2014 5.400 37,000 3,106 40,106 2015 5.400 39.000 1,053 40.053 r 500 000 301 276 801 276 These bonds are dated August 1, 1993. The proceeds of the bond issue will be used to extend and improve the existing sewerage facilities serving the City. Principal payments are made annually on March 1, and interest payments are made semi-annually on March 1 and September 1. ` The interest due on the 1993 Sewer System Revenue Bonds will be subsidized by interest earnings on a reserve fund held by the bond issue's trustee. As the City is reimbursed for sewer project expenditures from the construction finds 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 lune 30, 1995 was $350,000. The reserve fund yields 5.15%. 37 City of Cape Girardeau, Missouri NOTES TO FINANCIAL S'T'ATEMENTS Jmte 30, 1995 NOTE E - LONG-TERI 1 OBLIGATIONS - Continued l l 462 662 Water Pollution ,Control Revenue Bonds Stgte Revolvine Fund Proaram7 Series 199.50 due as follows: Year Ending Interest Principal Interest June 30 Rate _ Due Due Total 1996 1997 1998 4.750% $ 22,226 $ 2,774 S 25,000 1999 4.850 21,134 3,866 25,000 2000 4.950 20,057 4,943 25,000 2001 5.100 913,209 291,791 1,205,000 2002 5.250 913,677 366,323 1,280,000 2003 5.300 918,381 441,619 1,360,000 2004 5.400 924,769 530,231 1,455,000 2005 5.500 928,413 626,587 1,555,000 2006 5.650 932,824 742,176 1,675,000 2007 5.750 937,566 862,434 1,800,000 2008 5.850 943,267 996,733 1,940,000 2009 5.950 946,770 1,143,230 2,090,000 2010 6.050 722,409 992,591 1,715,000 2011 6100 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 6.250 259 535 715.465 975.00Q I S 462 662 $ 11.767,338 $ 23.230.000 These bonds are dated June 1, 1995. The proceeds of the bond issue will be used for the extension and improvement of the existing sewerage system serving the City, Principal and interest payments are made annually on January I beginning 1998. The interest due on the 1.995D Water Pollution Control 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 fiord. The maximum amount of funds that will be advanced to the reserve fund will be 70% of the principal amount less original issue discount. As bonds are paid off 70% of the amount of bonds will be repaid to the Department of Natural Resources out of the reserve bond. The balance of the reserve fund at June 30, 1995 was $0. 'M .. City of Cape Gimrdeau, Missouri NOTES TO FINANCIAL STATEMENTS " June 30, 1995 NOTE E - LONGTERM OBLIGATION - Continued k $ 1,330,000 Building and Equipment Leasehold Bonds Series 1990 A and B. due as follows: $ 450,000 Series 1990A r Year Ending Interest Principal Interest June 30 Rate Due Due Total r 1996 6.25% 450,000 $28,125 $478,125 " 450000 28,125 478125 $ 880.000 Series 1990B Year Ending Interest Principal Interest June 30 Rate Due Due Total 1996 6.40% $ 60,000 $ 59,893 $ 119,893 1997 6.50 65,000 56,052 121,052 1998 6.60 65,000 51,828 116,828 r 1999 6.70 70,000 47,537 117,537 2000 6.75 75,000 42,847 117,847 2001 6.80 80,000 37,785 117,785 2002 6.85 80,000 32,345 112,345 ,. 2003 6.90 85,000 26,865 111,865 2004 7.00 90,000 21,000 111,000 " 2005 7.00 210,000 l4 700 224.700 r 880000 390 852 1 270 852 The bonds are obligations of the Cape Girardeau (Missouri) Public Facilities Authority (CGPFA). The CGPFA has entered into a Lease Purchase Agreement with the City of Cape Girardeau, Missouri. Principal and interest will be paid by the CGPFA from rental and other receipts from the City. The purpose of the 1990A Series bonds is to acquire, constmct, improve, widen, repair, and enlarge creek channels and a dry detention reservoir for the purpose of flood control. The purpose of the 19908 Series bonds is to acquire, construct, improve, and repair the City's airport facilities. The bond liability for the Series 1990A and 1990B bonds are recorded in the General Long-Temt Debt Account Group. Principal payments are made annually on March 1, and interest payments are made semi-annually on March I, and September 1. 39 City of Cape Girardeau, Missouri _. NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE E - LONG -'PERM OBLIGATIONS - Continued $ 490.000 Buildine and Eauinment Leasehold_ Revenue Bonds. Series 1991 Year Ending Interest Principal Interest June 30 Rate Due _ Due _ -Total - 1996 5.709 L490. 00027 930 517 930 490 000 27 930 517 930 The bonds are obligations of the Cape Girardeau (Missouri) Public Facilities Authority (CGPFA). The CGPFA has entered into a Lease Purchase Agreement with the City of Cape Girardeau, Missouri. Principal and interest will be paid by the CGPFA from rental and other receipts from the City. The r purpose of the 1991 bonds is to acquire, construct, improve, widen, repair and enlargecreek channels and a dry detention reservoir for the purpose of flood control. The bond liability for these bonds is recorded in the General Long -Term Debt Account Group. Prutcipal payments are made annually on March 1, and interest payments are made semi-annually on March 1, and September L $ 13 390 000 Bnildine and Equipment Leasehold Refunding & Imnrgvement Rtwenue Bonds tCaoital improvements Project). Series 1993 due as follows: Year Ending Interest Principal Interest une, 70 Rate —"Due Due Total 1996 3.7009 $ 1,165,000 $ 569,705 $ 1,734,705 1997 4.000 2,195,000 526,600 2,721,600 1998 4.100 2,265,000 438,800 2,703,800 1999 4.250 2,340,000 345,935 2,685,935 2000 4.400 2,915,000 246,485 3,161,485 2001 4.500 705,000 118,225 823,225 2002 4.625 720,000 86,500 806,500 2003 4.750 420,000 53,200 473,200 2004 5.000 185,000 33,250 218,250 2005 5.000 400.000 24.(M 504.0(X) S i90� $ 2,442.700 $ 15,832.7(0 "Phe bonds are obligations of the Cape Girardeau (Missouri) Public Facilities Authority (C(;PFA). The CGPFA has entered into a Lease Purchase Agreement with the City of Cape Girardeau, Missouri. Princip l and interest will be. paid by CGPFA from rental and other receipts from the City. lite purl>nse of the bonds is to (1) pay the costs of various street improvements for the City, (2) de(ease $10,410,000 outstanding principal amount of Building and Equipment I.uasehold Revenue, Bonds of 40 F City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 f NOTE E - LONG-TERM OBLIGATIONS - Continued ` the Authority and (3) pay the costs of issuance of the Series 1993 Bonds. The bond principal is allocated as follows: $2,838,923 - Sewer Fund; $548,438 - Solid Waste Fund; ` and $10,002,639 - General Long-term Debt Account Group. Principal payments are made annually on March 1 and interest payments are made semi-annually on March 1 and September 1. $ 3,460,000 Certificates of Participation (Convention and Visitors Recreation Facilities Proiect). Series 1993. The certificates are obligations of the City of Cape Girardeau, Missouri. Under a Lease Purchase Agreement between the City and the Cape Girardeau (Missouri) Public Facility Authority (the ` "Corporation"), the Corporation will assign the right to receive rental and other receipts from the City to Capital Bank of Cape Girardeau County ( the "Trustee"). The purpose of the 1993 Series certificates is for the acquisition, construction, famishing, 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 amorally on April 1, and interest payments are made semi-annually on April 1, and October 1. r 41 Year Ending Interest Principal Interest June 30 Rate Due Due Total ,. 1996 3.900% $ 135,000 $ 167,968 $ 302,968 1997 4.100 170,000 162,703 332,703 1998 4.300 215,000 155,733 370,733 1999 4.500 255,000 146,488 401,488 2000 4.700 295,000 135,013 430,013 ° 2001 4.800 345,000 121,148 466,148 +� 2002 5.000 400,000 104,588 504,588 2003 5.000 455,000 84,588 539,588 2004 5.125 510,000 61,838 571,838 2005 5.250 680.000 3.5.700 715.700 1 3,460,000 $ 1,175,767 $ 4,635,767 r The certificates are obligations of the City of Cape Girardeau, Missouri. Under a Lease Purchase Agreement between the City and the Cape Girardeau (Missouri) Public Facility Authority (the ` "Corporation"), the Corporation will assign the right to receive rental and other receipts from the City to Capital Bank of Cape Girardeau County ( the "Trustee"). The purpose of the 1993 Series certificates is for the acquisition, construction, famishing, 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 amorally on April 1, and interest payments are made semi-annually on April 1, and October 1. r 41 The certificates are obligations of the City of Cape Girardeau, Missouri. Under a Leasc Purchase Agreement between the City and the Cape Girardeau (Missouri) Public Facilities Authority (the "Corporation"), the City will assign the right to receive rental and other receipts from the City to Capital Bank of Cape Girardeau County (the "Trustee"). The purpose of file 1994A Series certificates - is to (1) pay the costs of certain improvements to the City's waterworks and sewerage systems and costs associated with the closing of a City waste disposal site, (2) establish a debt service reserve fund for the Series 1994A Certificates, and (3) pay the costs of issuance of the Series 1994A Certificates. - The bond liability for the Series 1994A Certificates is recorded in the Sewer, Water, And Solid Waste Funds. Principal payments are made annually on October 1, and interest payments are made semi-annually on April 1 and October 1. - City of Cape Girardeau, Missouri - NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE E - LONG-TERNI OBLIGATIONS - Continued - $3,530 .000 Certificate, of P.vticioJttian (Twin Lakes Proje-t) Series 1494.4 - Year Ending Interest Principal interest June 30 Rate Due Due Tota - 1996 4.000% $ 110,000 $ 174,035 $ 284,035 1997 4.400 140,000 178,755 318,755 - 1998 4.800 240,000 170,155 410,155 1999 4.800 250,000 158,635 408,635 2000 5.000 255,000 146,260 404260 2001 5.100 260,000 133,255 393,255 2002 5.200 275,000 119,475 344,475 2003 5.350 280,000 104,835 384,835 - 2004 5.450 240,000 84,443 379,443 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 80 400 _?,360 82 360 L3 20 0001 454 293 4 984 293 - The certificates are obligations of the City of Cape Girardeau, Missouri. Under a Leasc Purchase Agreement between the City and the Cape Girardeau (Missouri) Public Facilities Authority (the "Corporation"), the City will assign the right to receive rental and other receipts from the City to Capital Bank of Cape Girardeau County (the "Trustee"). The purpose of file 1994A Series certificates - is to (1) pay the costs of certain improvements to the City's waterworks and sewerage systems and costs associated with the closing of a City waste disposal site, (2) establish a debt service reserve fund for the Series 1994A Certificates, and (3) pay the costs of issuance of the Series 1994A Certificates. - The bond liability for the Series 1994A Certificates is recorded in the Sewer, Water, And Solid Waste Funds. Principal payments are made annually on October 1, and interest payments are made semi-annually on April 1 and October 1. - City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE E - LONG-TERM OBLIGATIONS - Continued The annual requirements to amortize all debt outstanding as of June 30, 1995 including total interest payments of $30,232,562 are as follows: In the Sewer Fund, $133,844 cash is available to service the Sewerage Revenue Bonds. The debt service available to retire the Leasehold Revenue Bonds is shown in the various funds as follows. Sewer Fund $ 5,808 Water Fund 1,867 Solid Waste Fund 1,363 Debt Service Fund 1,941,097 Total L1.250 43 General Leasehold Certificates Year Ending Obligation Revenue Revenue Of June 30 Bonds Bonds Bonds Participation Total 1996 $ 464,588 $ 1,311,643 $ 2,850,653 $ 587,003 $ 5,213,887 1997 470,338 1,348,703 2,842,652 651,458 5,313,151 1998 467,738 1,405,424 2,820,628 780,888 5,474,678 1999 468,806 1,439,589 2,803,472 810,123 5,521,990 2000 463,488 1,469,811 3,279,332 831,273 6,043,904 2001 461,805 2,689,955 941,010 859,403 4,952,173 2002 463,555 2,796,301 918,845 899,063 5,077,764 . 2003 458,875 2,908,036 585,065 924,423 4,876,399 2004 458,125 3,043,651 329,250 951,281 4,782,307 2005 461,250 3,172,494 728,700 1,088,915 5,451,359 2006 - 3,335,028 - 366,132 3,701,160 2007 - 3,332,441 - 630,125 3,962,566 2008 - 3,518,259 - 80,845 3,599,104 2009 - 3,711,214 - 76,768 3,787,982 2010 - 3,382,972 - 82,360 3,465,332 2011 - 2,760,902 - - 2,760,902 2012 - 3,881,702 - - 3,881,702 2013 - 1,298,924 - - 1,298,924 2014 - 1,279,887 - - 1,279,887 2015 - 1,040,053 - - 1,040,053 2016 - 985,000 - - 985,000 2017 975,000 - - 975,000 4638 568 $ 51,086.989 $ 18.099,607 $ 9,620,060 $ 83.445.224 In the Sewer Fund, $133,844 cash is available to service the Sewerage Revenue Bonds. The debt service available to retire the Leasehold Revenue Bonds is shown in the various funds as follows. Sewer Fund $ 5,808 Water Fund 1,867 Solid Waste Fund 1,363 Debt Service Fund 1,941,097 Total L1.250 43 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE E - LONG-TERNI OBLIGATIONS - Continued The amounts available to service the Certificates of Participation in the Enterprise Funds and the General Long-term Debt Account Group are $359,038 and $424,212 respectively. Included in restricted cash on the balance sheet of the Enterprise Funds is $15,357,882 which is the ` balance in the various project accounts which represent incomplete projects at June 30, 1995. If the project funds are not used, the remaining balance can be applied against debt. The City is in compliance with all significant limitations and restrictions contained in the various bond indentures. During the fiscal year ended June 30, 1994, the City defeased fin -substance) $10,410,000 of CGPFA Bonds and $1,170,000 of Revenue Bonds. New debt was issued and the proceeds have been used _ to purchase U.S. government securities that were placed in trust funds. The investments and fixed earnings from the investments are sufficient to fully service the defeased debt until the debt is called or matures. For financial reporting purposes, the debt has been considered defeased and therefore _ removed as a liability on the face of the balance sheets. As of June 30, 1995, defeased debt still outstanding consisted of $4,403,457 in the Enterprise Funds and $7,076,543 in the General Long- term Debt Account Group. NOTE F - CAPITAL, LEASE OBLIGATIONS In prior years, the City acquired certain equipment under capital leases. The assets and liabilities under capital leases are recorded at the lower of the present value of the minimum lease payments or the fair value of the asset. The assets are amortized over their estimated productive lives. Current amortization expense is included in depreciation expense. No capital lease obligation existed as of June 30, 1995. NOTE G - DEFICIT FUND BALANCES/RETAINED EARNINGS The following individual funds have deficit fund balances/retained earnings at Jute 30, 1995. Enterprise Funds Solid Waste Fund $ 1,253,671' Golf Course Fund 54,383 Softball Complex Fund 41,678 Special Revenue Funds Parks & Recreation 58,975 44 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 r NOTE H - PENSION PLAN r 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. r 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. r 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- 4474334. r 2. Fundine Polic The City of Cape Girardeau's full-time employees do not contribute to the pension plant. The r political subdivision is required by state statute to contribute at an actuarially determined rate; the current rate is 7.0% (general), 7.8% (police) and 15.0% (fie) of annual covered payroll. The contribution requirements of plan members are determined by the governing body of the political r subdivision. The contribution provisions of the political subdivision are established by state statute. 3. Annual Pension Cost r For 1995, the political subdivision's annual pension cost of $693,627 was equal to the required and actual contributions. The required contribution was determined as part of the February 28, 1993 and/or 1994 annual actuarial valuation using the entry age actuarial cost method. The actuarial assumptions included (a) a rate of return on the investment of present and future assets of 7.0% per year, compounded annually, before retirement and 4.0% per year, compounded annually, after ` retirement, (b) projected salary increases of 4.0% per year, compounded annually, attributable to ,. inflation, (c) additional projected salary increases ranging from 0.0% to 3.4% per year, depending on age, attributable to seniority/merit, and (d) pre -and post-retirement mortality based on the 1984 Group Annuity Mortality table set back no years for men and 6 years for women. The actuarial value of assets was determined using techniques that smooth the effects of short-term volatility in the market value of investments over a five-year period. The unfunded actuarial accrued liability is being amortized as a level percentage of projected payroll on a closed basis. The amortization r period at February 28, 1995 was 18 years. 45 Required Supplementary Information Schedule of Funding Progress c City of Cape Girardeau, Missouri (a) (b) (b -a) NOTES TO FINANCIAL STATEMENTS Entry Age Unfunded June 30, 1995 NOTE A - PENSION PLAN - Continued 3. Annual Pension Cost - Continued Valuation Value Accrued Liability Three -Year Trend Information Fiscal Annual Percentage Net Year Pension of APC Pension i Ending Cost fAPCQJ Contributed Obligation 06/30/93 $ 574,918 100% $ 0 06/30/94 1,902,799 100% 0 06/30/95 693,027 100% 0 Required Supplementary Information Schedule of Funding Progress c 46 (a) (b) (b -a) ON (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 UA-Lj R io Payroll Payroll 02/29/93 $ 9,010,810 $ 9,967,849 $ 957,039 90% $ 6,624,319 14% 02/28/94 10,200,147 11,284,222 1,084,075 90% 7,388,088 15% 02/28/95 11,437,061 12,415,102 978,041 92% 7,646,328 13% Note: The above assets and actuarial accrued liability do not include the assets and present value E of benefits associated with the Benefit Reserve Fund and the Casualty Reserve Fund. The City has chosen early implementation of GASB 27 (Accounting for Pensions by State and Local Governmental Employers) The disclosures in this note are in accordance with that Statement. 46 r City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 r NOTEI- INTEREST EXPENSE Interest cost, including handling charges, totaling $2,775,248, excluding $135,332 of interfund interest, was incurred during the year ended June 30, 1995. No interest cost was capitalized as part of the cost of assets constructed during the period. NOTE J - INTERFUND RECEIVABLES AND PAYABLES NOTE K - DEFERRED COMPENSATION PLAN `+ The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The plan, available to all City employees, permits them to defer a portion of their salary until future years. Participation in the plan is optional. The deferred compensation is not available to employees until termination, retirement, death, or unforeseeable emergency. All plan assets including all amounts of compensation deferred under the plan, all property and rights purchased with those amounts, and all income attributable to those amounts, ` property or rights are (until paid or made available to the employee or other beneficiary) solely the property and rights of the City subject only to the claims of the City's general creditors. Participants' rights under the plan are equal to those of general creditors of the City in an amount equal to the fair market value of the deferred account for each participant. r The City has no liability for losses under the plan but docs have the duty of due care that would he required of an ordinary pendent investor. The City believes that it is unlikely that it will use the assets to satisfy the claims of general creditors in the future. r F r Y 4 The following is a summary of the amounts due from and to other funds. r Due to Due from P General Fund $ 1,050,373 $ - r Capital Improvement Sales Tax Fund 132,237 - Debt Service Fund - 132,237 CDBG Fund - 21,366 Corp Flood Control Fund - 4,762 Motor Fuel Tax Fund - 54,590 r Street Improvements Fund - 149,325 Sewer Fund - 769,415 Softball Complex Fund - 50.915 r 1 182 610 1 182 610 r NOTE K - DEFERRED COMPENSATION PLAN `+ The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The plan, available to all City employees, permits them to defer a portion of their salary until future years. Participation in the plan is optional. The deferred compensation is not available to employees until termination, retirement, death, or unforeseeable emergency. All plan assets including all amounts of compensation deferred under the plan, all property and rights purchased with those amounts, and all income attributable to those amounts, ` property or rights are (until paid or made available to the employee or other beneficiary) solely the property and rights of the City subject only to the claims of the City's general creditors. Participants' rights under the plan are equal to those of general creditors of the City in an amount equal to the fair market value of the deferred account for each participant. r The City has no liability for losses under the plan but docs have the duty of due care that would he required of an ordinary pendent investor. The City believes that it is unlikely that it will use the assets to satisfy the claims of general creditors in the future. r F r Y 4 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE L - SEGMENT INFORMATION FOR ENTERPRISE FUNDS The City maintains five enterprise funds which provide sewer, water, solid waste, golf, and softball complex services. Segment information for the year ended June 30, 1995 was as follows: NOTE M - RESERVATION OF FUND EQUITY At June 30, 1995, the City had reserved its fund equity as follows General Fund Reserved for prepaid items $ 71,905 Reserved for advances 1,752,500 Reserved for mausoleum maintenance Softball Reserved for police projects 39,803 Sewer Water Solid Waste Golf Course Complex Total Fund Fund Fund Fund Fund Enterprise Operating Revenues E 2,423,479 $ 3,715,962 $ 2,859,125 $ 415,162 $ 20,753 $ 9,434,481 Depreciation 708,679 325,323 229,932 42,291 - 1,306,225 Operating Grants 14,316 - 2,123 - - 16,439 Operating Income (Loss) 613,892 561,414 1,615,378 5,682 (40,770) 2,755,596 Operating transfers in - - 55,000 - 55,000 Net Income (Loss) 400,921 (60,172) 1,577,398 40,932 (41,678) 1,917,401 Current Capital Contributions 714,486 503,392 1,306 - - 1,219,184 Property, Plant and Equipment - Additions 3,103,479 1,286,800 300,838 34,065 19,671 4,744,853 Deletions (102,926) - (256,071) (9,228) - (368,225) Net Working Capital 15,147,255 2,495,133 162,949 (383,968) (61,349) 17,360,020 Total Assets 38,060,760 13,794,275 2,399,231 369,060 19,671 54,642,997 Bonds and Other Long - Term Liabilities Payable from operating revenues 20,511,038 12,106,205 1,397,271 - - 34,014,514 Total Equity $ 15,840,792 $ 730,313 $ (965,086) $ (54,383) $ (41,678) $ 15,509,958 NOTE M - RESERVATION OF FUND EQUITY At June 30, 1995, the City had reserved its fund equity as follows General Fund Reserved for prepaid items $ 71,905 Reserved for advances 1,752,500 Reserved for mausoleum maintenance 52,983 Reserved for police projects 39,803 Reserved for encumbrances 42,799 $ 1,959 990 48 F �. City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE M - RESERVATION OF FUND EQUITY - Continued I Special Revenue Funds Convention/Visitors Fund r Reserved for encumbrances $ 836 Airport Fund Reserved for prepaid items 13,897 Reserved for encumbrances 181,815 ` Parks and Recreation Fund Reserved for prepaid items 473 Reserved for encumbrances 11,697 ` Health Fund Reserved for encumbrances 2,750 Motor Fuel Tax Fund Reserved for encumbrances 47.821 259 289 Debt Service Fund Reserved for debt service L2,2 t r Capital Projects Funds General Capital Improvement Fund p- Reserved for debt service $ 252,144 Reserved for bond capital expenditures 2,292,383 Reserved for encumbrances 175,476 Corps Flood Control Fund Reserved for debt service 474,152 Reserved for bond capital expenditures 1,036,699 r Reserved for encumbrances 8,926 r Street Improvements Fund Reserved for debt service 217,618 Reserved for bond capital expenditures 1,036,912 r Reserved for encumbrances 42,311 FAU Street Grants Fund Reserved for encumbrances 47,803 ` Community Development Block Grant Fund Reserved for economic development loan repayments 84,634 Reserved for encumbrances 54,347 ` Park Improvements Fund Reserved for encumbrances 1,177 $ 5.724,582 ` I City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE N - RESERVED RETAINED EARNINGS AND RESTRICTED ASSET ACCOUNTS As of June 30, 1995, the reserved portion of retained earnings for the Sewer Fund is as follows: Reserved for debt service $26,667 Total reserved retained earrings2$ 6.667 At June 30, 1995, the City has restricted assets in its Enterprise funds as follows: Bond Construction Sewer Fund $ 14,200,180 Water Fund 889,658 Solid Waste Fund 268.045 $ 15.357.883 Revenue Bond Sinking and Reserve Fund Total $ 1,513,695 $ 15,713,875 1,196,841 2,086,499 81.863 349.908 2 792 399 $ 18,1.50,282 NOTE O - LANDFILL CLOSURE AND POSTCLOSURE CARE COST State and federal laws and regulations require the City to place a frial 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 lune 30, 1994, and an expense provision and related liability were recognized at that time based on the future closure and postclosure care costs that were estimated to be incurred near or after the date the landfill no longer accepted waste. The entire amount of the estimated total costs for landfill closure and postclosure care costs was recognized in prior years since the recognition is based on landfill capacity used to date and the landfill was filled to capacity in prior years. The estimated total future liability for landfill postclosure care costs is $913,250 as of lune 30, 1995, which is based on the amount that would be paid if all equipment, facilities, and services required to close, monitor, and maintain the landfill were acquired as of lune 30, 1995. However, the actual cost of closure and postclosure care may be higher due to inflation, changes in technology, or changes in landfill laws and regulations. During the fiscal year ending lune 30, 1995, the City decided to conduct a large part of the closure and postclosure care activities through the use of City staff. This decision has led to a significantly lower estimate than the prior year for the total closure and postclosme care costs. The City of Cape Gimrdeau 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. ;n ., City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE P - RISK MANAGEMENT r. The City has established self-insurance plans for employees' health insurance and workers' compensation. Both of these are accounted for in the internal service fund. For each plan, the City is substantially self-insured, but the City is insured against very large losses. The City has also hived an administrator for each plan that handles claim payments and other duties. Claims liability is estimated using data supplied by the administrator. The claims activity during °i the year is summarized as follows: CLAIMS LIABILITIES RECONCILIATION NOTE, Q - CONCENTRATION OF CREDIT RISKIBAD DEBT ALLOWANCE a The City has uncollatemlized utility accounts receivable generated within a limited geographical r region primarily consisting of its city limits. The City also has taxes, special assessments, and user fees receivable which are concentrated among its citizens. Some of these items attach as liens ' against real and personal property. The maximum accounting loss is the amount shown as utility charges receivable on the Combined Balance Sheet. At June 30, 1995, utility receivables totaled $1,686,939. On the financial statements, the utility receivables are shown net of the allowance for doubtful accounts of $551,700. This results in net utility receivable of $1,135,239. r NOTE R - COMMITMENTS AND CONTINGENCIES ` 1. Litiealion 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. Health Workers' Insurance Compensation Total r Balance, July 1, 1994 $ 145,787 $ 78,222 $ 224,009 Provision for Incurred Claims 720,646 268,985 989,631 Payments of Claims677 714 19( 1.682)86( 9.396) r Balance, June 30, 1995 188,719 155 525 344 244 NOTE, Q - CONCENTRATION OF CREDIT RISKIBAD DEBT ALLOWANCE a The City has uncollatemlized utility accounts receivable generated within a limited geographical r region primarily consisting of its city limits. The City also has taxes, special assessments, and user fees receivable which are concentrated among its citizens. Some of these items attach as liens ' against real and personal property. The maximum accounting loss is the amount shown as utility charges receivable on the Combined Balance Sheet. At June 30, 1995, utility receivables totaled $1,686,939. On the financial statements, the utility receivables are shown net of the allowance for doubtful accounts of $551,700. This results in net utility receivable of $1,135,239. r NOTE R - COMMITMENTS AND CONTINGENCIES ` 1. Litiealion 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. City of Cape Girardeau, Missouri NOTES TO FINANCIAL. STATEMENTS June 30, 1995 NO'T'E R - COMMITMENTS AND CONTINGENCIES - Continued 2. Grant Audit The City receives Federal and State Grants for specific purposes that are subject to review and audit by various Federal and State agencies, Such audits could result in a request for reimbursement by any of the Federal and State agencies for expenditures disallowed trader the terms and conditions of the appropriate agency. in the opinion of City management, such disallowances, if any, will not be significant. .. 3. Construction Commitments As of June 30, 1995, the City had construction commitments outstanding of $880,698. _ 4. Encumbrances As of June 30, 1995, the City had encumbrances outstanding of $635,713. NOTE S - SUBSEQUENT EVENTS In August 1995, the City discontinued the collection of commercial solid waste and sold the related equipment, containers, and account list to a private company. NOTE T - CONTRIBUTED CAPITAL The changes in the contributed capital accounts for the enterprise funds were as follows: Ending Balance, June 30, 1995 L75360444 LL21716 L2L8585 ' 16370745 Solid _ Sources Sewer Water Waste Total Beginning Balance, July 1, 1994 $ 14,645,957 $ 218,325 $ 287,279 $ 15,191,561 _ Contributing Sources: Donated assets by developers 262,758 219,419 - 482,177 _ Connection fees 305,351 63,112 - 368,463 State giants 146,378 220.860 1.306 368.544 Ending Balance, June 30, 1995 L75360444 LL21716 L2L8585 ' 16370745 City of Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1995 NOTE U - EXCESS OF EXPENDITURES/EXPENSES OVER APPROPRIATIONS For the year ended June 30, 1995 expenditures/expenses exceeded appropriations in the individual funds as follows: Debt Service Fund Convention/Visitors Fund Downtown Business District Fund Water Fund Budget Actual Variance $ 10,281,996 $ 10,421,715 $ (139,720) 287,184 289,186 (2,002) 27,230 27,264 (34) 3,102,893 3,135,814 (32,922) TATS PAGE INTENTIONALLY LENT BLANK, S4 I 0 COMBINING, INDIVIDUAL FUND AND ACCOUNT GROUP STATEMENTS AND SCHEDULES C L I j TRIS PAGE INTENTIONALLY LEFT BLANK. Al 56 1 I I �9 GENERAL FUND The General Fund is used to account for those activities which are associated with the general government of the City accounting for all revenues and expenditures not accounted for in other funds. The major activities include public safety of police, fire, and municipal court, park maintenance, street department, development services of planning, inspection, and engineering, and administrative services of finance, human resources, city manager, and city attorney. The General Fund accounts for a separate tax levy of $0.32 per $100 assessed valuation. 57 TMS PAGE INTENTIONALLY LEFT BLANK. i8 n r City of Cape Girardeau, Missouri GENERALFUND COMPARATIVE BALANCE SHEET r JUNE 30, 1995 AND 1994 1995 1994 r ASSETS r Cash and cashequwalants $2,208,001 $2,323,789 Receivables, net of allowances for doubtful receivables Real estate, personal property and merchant taxes 40,911 46,152 .. Sales tax 559,821 478,666 Franchise tax 1,048,369 1,124,578 Special assessments receivable 40,743 40,258 Interest receivable 63,526 23,688 - Other receivables 67,196 49,683 Intergovernmental receivables r Grants receivable 39,630 28,353 Due from otherfunds 1,050,373 250,776 Advances to otherfunds 1,752,500 1,797,500 r Inventories 71 137 Prepaid Items 71,905 58,879 Total assets $6,943,046 $6222459 LIABILITIES AND FUND BALANCES r Accounts payable $219,030 $268,228 Accrued liabilities - Salaries, payroll taxes and benefits 264,879 228,992 r Other liabilities 30,299 40,981 Due to other governments 4,419 9,390 p Deferred revenue 1,075,119 914,024 r Total liabilities 1,593,746 1,461,615 Fund Balances r Reserved for prepaid items 71,905 58,879 Reserved for advances 1,752,500 1,797,500 Reserved for mausoleum maintenance 52,983 49,896 Reserved for police projects 39,803 37,435 Reserved for encumbrances 42,799 111,086 Unreserved 3,389,310 2,706,048 Total fund balances 5,349,300 4,760,844 r Total liabilities and fund balances $6,943,046 $6,222,459 r City of Cope Girardeau, Missooli GENERAL FUND SCHFIIULE OF REVENUES AND EXPENDITURES - BUBBLE AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDER JUNE 30, 1995 IAO VARIANCE FAVORABLE BUDGET ACTUAL (UNEAVORADLEEE REVENUES Tawe 1929$150 b9.496242 SCRE(G2 Licenas and permits 725,550 1,4591118 333.568 IMago"apponml 204650 231,410 24,760 Clat"V For sootoos 288,700 2)4,65) (14,W3) loerdepatmantel se ems 426,000 433,821 7921 Tlnas and rolrehvas 5&I,WO 501!565 NB,Us) mona der a no, 45,(Ml0 68,722 21.122 Irtar.d 111,19 _280,)]3 - IFEIA73 TOTAL REVENUES I_ 1,JSB1 150 12,3" 309 159 EXPENDITURES Canaan Admin%reiia 6erdne Cily Gourmil 25,098 8,121 Human re'e, 57,2P 15],498 139,322 18,177 Pty 175,287 !14230 17 ],657 .Imm9a! ern0f, a3 21,(421 14239 6.761 CRYIft OUornay 169,642 15!,564 FRI Finamp 323,503 322,095 7,4W 7,488 InmpOpartmBMel 369,810 38TIBE] 16,104 Tnappapin slretve sNviree 1258,43) 118],852 70,586 DaVabpnrerc servkea �..'- Planoing for ae. 232240 204,60' 32639 la"aYbn services 309510 279,414 38,096 Engf000de, service. 3",346 33(257 14,089 Cammunityand ewnMni, da.abpmanl 81.000 6$,830 Vivo Public transporl&lon 237,565 211A14 26,051 Total dexelCpmenl WNees 1109,6w 1,491,415 118,245 PVk5 8nd laCroBtlOn Perk maintmwnce 722,321 683.323 38,998 Csra&ery 9Q943 115,658 ('8715) Toned, naineMnce 116.730 112,179 4$51 TdelpahaeOdooJ*.tbn _J3s 994 _9111160 24,835 PubIIC Safety m.nCipal cwt 198663 192,412 6,251 P.I. 3.659,141 3$33.276 125.865 Fire _ 2b047W 2554264 50.439 TnWpubdc emery 6462,507 6279,952 162.555 Puldoyods Strad 1472,942 1,434,869 38,073 Stwmwater 1C),042 169,051 9) Tota'PUCNewaxs t.b4 t,3 160J,944 -5&,044 CoMBgency 66 Soo 123,390 (56,Po0j Debt Sorvice .. irterestand M.1 O yea r25 176 {Stt Total debts o _ 125 376 (st) TOTAL EXPENDITURES -it ,575 5 11 197 337342 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENENTURES 105,941 1.141 IU4DSN OTHER FINANCING SOURCES BASES) Oponong bdiakas In 524.435 824,435 - OPaninglran'ka.oal (1 3S5,500) (183@648) 16,852 F}e�eds toMfixed asEatr 7500 19,311 11,817 SpeG01 ese55nen6 - - X191 _51, 91 TOTAL OTHER FINANCING SOURCES (USES) i552356) _ 9702) 38,863 F MCESS FT E41CIENCY) OF HBx NUES ANO OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES (S4n,8201 5549,743 111714,364 IAO SPECIAL REVENUE FUNDS Convention and Visitors Fund - to provide for the receipt and distribution of all funds in conjunction with the hotel-moteurestaurant tax. This is a gross receipt tax which provides for a rate of 3% on motel rooms and 1% on restaurants. Airport Fund - to account for the operation and maintenance of the regional airport facility in accordance with Federal Aviation Administration regulations. The airport provides a service facility for passenger traffic, private and commercial aircraft, and related business activities. Financing is provided by user fees including hangar and terminal rentals and a FAA control tower grant. Downtown Business District Fund - to account for a separate tax levy on the downtown business district of $0.80 per $100 assessed valuation. A City Council appointed board makes recommendations for the expenditures of the revenues within the downtown business district for improvements, etc. Parks and Recreation Fund - to account for the operation of all parks and recreation activities of the City. This fund documents activities of two public pools, the A.C. Brase Arena multi- purpose building, and various recreation programs. Financing is provided by user fees and operating transfers. Health Fund - to account for limited funding for enforcement of health ordinances through a separate tax levy of $0.05 per $100 assessed valuation. Weed abatement activities and demolitions of condemned structures are also funded through this fund. Motor Fuel Tax Fund - to account for the receipt of funds from state motor fuel taxes and related sales taxes. It provides for the construction of appropriate street and bridge projects and a portion of the cost of routine street maintenance. Capital Improvement Sales Tax Fund - to account for the receipt of 1/4 cent sales tax collections to fund major capital improvement projects for flood control. Flood Protection Fund - to account for flood control maintenance of the Cape LaCroix Creek. Vision 2000 Fund - to account for the development of a community strategic plan to aggressively lead the City into the year 2000. It represents community opinions to meet needs and desires for the future of the City such as community spirit, planning and zoning, business, and education. 1 61 TRIS PAGE INTENTIONALLY LEFF BLANK. 62 1 City Of Caps Girardeau, Missoud SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET Juno 30, 1995 (With Comparative Totals for June 30, 1994) Downtown Capital Convention/ Business Parks and Motor Improvement Flood Vision Totals Visitors Airport District Recreation Health Fuel Tax Set.. Tax Protection 2009 6-30-95 6-30-94 ASSETS $144,692 $- $1,217,066 - - Cash and cash equivalerlt5 $33,810 595,509 $37.324 6,456 $10,034 rvestments 250,000 81] ]49 - - RBLaIVat11a5, net Of allowance, P, 29,016 - - 6],329 44,018 doubdul receivables 67,329 15.449 - - Real estate tax 13.269 - - - 1.075 Personal prop" tax - - 38,161 - - HOta,teltoxreceivable 31,339 - - - - ReSauramtax receivabl0 49,061 4]3 41,017 - - Metorfueltax 10.432 - - - Mo!Or vehicle license fees f15� - 82,091,]]8 - - Motor vehicle sales tax $- - $28 - - Other recewaides - - 16.652 - - Sales tax 169 - _ - - nlele5[receVable 4,953 533] 101352 - - GrantSreceivable 0,505 - 28,352 - Prepaiditems - - 13,890 11,697 - Due from Other funds - 4_137 ]1,14 139,]36 304,163 Total assets S36J_103 56.975 E98�226 $1109 LIABILITIES AND FUND BALANCES $3 153 556 sz_o30 515�8�1 $406,574 82,ae1,]]8 Accounts payable $15,665 $26,432 $- Accrued liabilities Salaries ,payr.11!exe5 and benefit, 3,389 15,196 - C;herllabilltles - 50 - DuetOOtherfunds - - - DeferredfeVenue 20,975 1,075 Total liabilities 19,254 Bz,655 1,0]5 P„nd balances Reserved forprepeid items - 13.897 - Resarvedforencumbrence5 836 1811815 - Unreservad 349.073 162,141 10,034 Total fund be ences 349,909 33.571 106034 Teal liabilities and fund balances S36_�163 $96_226 $11.109 $17.424 $144,692 $- $1,217,066 - - - 300.000 595,509 - 6,456 5.381 - - 81] ]49 91] - 31,339 29,016 - - 6],329 44,018 67,329 15.449 - - - 13.269 1],652 - 17,052 4,133 - - - 38,161 - 1 - 139,919 - - - 5,944 6.965 - 4]3 41,017 - - 14,491 10.432 32,23] $2_030 f15� $4� 82,091,]]8 $52,016 $2,213 $- §- $28 28,750 955 - - 48.292 23] - - 287 169 _ _ 54,590 - 533] 101352 247,406 1,253 01,005 0,505 54,590 24],434 4]3 - - 14,370 10,111 11,697 2,750 47,821 - 4_137 ]1,14 139,]36 304,163 1,644,344 295 56.975 142,406 351,984 1,ai $3 153 556 sz_o30 515�8�1 $406,574 82,ae1,]]8 54.137 $1.420 $1.465,917 $474,842 - - 1,145,589 1.726,159 - - 6,456 7.058 81] ]49 31,339 29,016 - - 49,061 44,018 67,329 69,379 - - 15,449 13.269 - - 17,052 18.860 - - 20,]195 38,161 - - 139.920 119,911 - - 17,862 40,015 - - .28,352 41,017 - 120 14,491 10.432 32,23] $4,137 $1548 $3.153.556 $2, 633, see §- $1,253 $97,809 584.469 - - 48.292 44,215 - 287 169 - - 54,590 ]0,]95 274,793 101352 1,253 475,771 381,000 - - 14,370 10,111 - - 244,919 11,298 4_137 295 2,410,496 2,231.2]] 4,137 295 2.677785 2,252.686 $4_,1_37 51548 $3 153 556 $2 633 686 1 I 1 1 1 f I 1 { I I I I I 1 I I 1 f CAY aCWe G: ra®4 Me d SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDTURES AND CHANGES IN FUND BALANCES FORTHE FISCAL YFJJI ENDED JUNE M. 1995 DOWNTOWN CAPITAL CONVENTION] BUSINESS PAWS AND MOTOR IMPROVEMENT FLOOD VISION TOTALS VISITORS AIRPORT DISTRICT RECREATION HEALTH FUELTAX SALESTAX PROTECTION 1934-1995 REVENUES 5857,717 3- $22,987 E- $140.]]5 E- $1,5]4.438 4- S- S2535,917 IrrterOwammemal - 172346 - - 3.643 1,19.250 - - - 1,39.733 'a'',1, ServIOBS 5,346 im,263 - 2W266 333,380 M3oe11eneous 604 103,356 - 2,4M - - - - 2,4A 105,955 Interest 13,]13 1,563 610 81151 28,656 110,662 241 132 163,99 T OTAL REVENU ES 87,380 356.510 24.551 253.352 152569 1,181.908 1685,99 241 2,611 4,531.419 EXPENDTFURES C,,VrI AUlnln'istrelve servkes 288667 639175 - - - - - - - 927 M2 Oeieloprt,re services - - 27,214 493] 32262 Parks end reaoetim - - - 6!A 745 - - - - - 654745 Pubis salary - - - - 126.793 - - - - 126793 Pubes woks 50,565 50.565 Debt service Interest and l's-l<Oerges 2031 3.004 - 196/ 197 45 - - - 3,114 TOTAL EXPENURURES 91.543 642.178 27.264 656733 128.990 50.O - - 49 1, BIO 320 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 585,832 (285.668) (2714) (403.%1) 25,5/9 1,131,9] L685,99 241 (2,386) 2,]34099 OTHER FINANCING SOURCES (USES) Operating tanSlHs In - 322.MO - 430,000 - - - - - 7525W Operetirq Venstea out (5m DOC (11]5 ) (1316,500) (3!161,500) TOTAL OTHER FINANCING SOURCES (USES) (5m Axis 31 - 4 tot - (1,1]50 (1316,500 - - (2YJ9,000) EXCESS(DEFICIENCY)OF RLILNUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES 15,832 36,892 (2,714) 26,819 25579 (43.703) 368,799 241 (2,388) 425.099 FUND NA1ANCES, JULY1 334.0]] (3261) 12,748 1855941 116907 395687 14]5545 38913 2.661 2252838 FUND BALANCES, JUNE 30 S349909 E33571 510034 (5589]51 $142486 5351961 E1.341.3W _____S4 1_31 595 $2617785 1 I 1 1 1 f I 1 { I I I I I 1 I I 1 f 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, 1995 BUDGET REVENUES Taxes $756,000 Charges for services — Miscellaneous — Interest 7,000 TOTAL REVENUES 763,000 EXPENDITURES Current Administrative services 287,184 Debt Service Interest and fiscal charges — TOTAL EXPENDITURES 287,184 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 475,816 OTHER FINANCING SOURCES (USES) Operating transfers out (57Q000) TOTAL OTHER FINANCING SOURCES (USES) (570,000) EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES ($94184) 63 ACTUAL $857,717 5,346 604 13,713 877,380 286,305 2,881 289,186 588,194 (570,000) (570,000) VARIANCE FAVORABLE (UNFAVORABLE) $101,717 5,346 604 6,713 114,380 879 (2,881) (2,002) 112,378 $18194 $112378 City Of Cape Girardeau, Missoud AIRPORT SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE} REVENUES Intergovernmental $360,770 $172,846 ($196,924) Charges for services 11,400 83,268 71,868 .. Miscellaneous 102,345, 100,396 1,949 TOTAL REVENUES 483,515_ 356,510 727,005 EXPENDITURES Current Administrative services $75,092 814,070 64,022 Debt Service Interest andfiscal charges 3;200_ 3,004 196 TOTAL EXPENDITURES 818,292 817,073 61,219 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 394_777) 460,563(65,7g6� OTHER FINANCING SOURCES (USES) Operating transfers in 222,500 372,500 100,000 TOTAL OTHER FINANCING SOURCES (USES) 222,500 322,500 100,000 - EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES r$,.T2�277 t$138.063}$34.214 6Ei r r City of Cape Girardeau, Missouri DOWNTOWN BUSINESS DISTRICT SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) REVENUES Taxes $22,000 $22,987 $987 Interest 450 1,563 1,113 TOTAL REVENUES 22,450 24,551 2,101 EXPENDITURES Current Development services 27,230 27,264 (34) TOTAL EXPENDITURES 27,230 27,264 (34) EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ($4780) ($2,714) $2,066 67 City of Cape Girardeau, Missouri PARKS AND RECREATION SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE ,.., BUDGET_ ACTUAL (UNFAVORABLE REVENUES Charges for services $252500 $250,266 ($2,234) Miscellaneous 4,000 2,476 (1,524) Interest 610 _ 610 TOTAL REVENUES _ 256,500 253,352 _53,148 EXPENDITURES Current Parks and recreation 681,887 665,788 16,098 Debt service Interest anofiscai charges — 1,987 (7,967} TOTAL EXPENDITURES 681,887 667,776 14,111 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 425,38 474,424 10,963 .. OTHER FINANCING SOURCES (USES) Operating transfers in 430,000 430,000 TOTAL OTHER FINANCING SOURCES (USES) _410,000 430,000 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES 613_ $15576__ 10963 08 r r. 69 City of Cape Girardeau, Missouri ;r HEALTH SPECIAL. REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 r r VARIANCE FAVORABLE BUDGET ACTUAL _(UNFAVORABLE) r REVENUES T81es $139,760 $140,775 $1,715 � Intergovernmental 4,350 3,643 (707) Interest 2,500 8,151 5,651 TOTAL REVENUES 146,610 152,569 5,959 EXPENDITURES Current Public safety 145,193 129,018 16,175 Debt Service Interest andfiscal charges 197 (197) TOTAL EXPENDITURES 145,193 129,215 15,978 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES $1 41_7 _ $23,1354 �$21 937 r r. 69 City of Cape Girardeau, Missouri MOTOR FUEL TAX SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES —— BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE �. _BUDGET ACTUAL _(UNFAVORABLEEL REVENUES Intergover rnentat $1,173,000 $1,153,250 ($19,750) Interest 10,000 26,656 18,656 TOTAL REVENUES 1,103,000 1,181,906 (1,0941 EXPENDITURES r Current Peblic Works 150,000 96,386 - 51,614 Debt Service Interest anc tiscal charges 45 45 TOTAL EXP END 11U RES 150,000 96,430 51,570 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 1,033,000 1_083,476 50476 OTHER FINANCING SOURCES (USES) Operating transtersout 11,775,000 TOTAL OTHER FINANCING SOURCES (USES) Al -.175 0090, (1,175,000j — EXCESS (DEFICIENCY) OF REVFNUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES ($142,0_ _._x$91524, _. $50676 70 r r L City of Cape Girardeau, Missouri CAPITAL IMPROVEMENT SALES TAX SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 r VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) r REVENUES Taxes $1,477,000 $1,574,438 $97,438 Interest 45,500 110,862 65,362 r TOTAL REVENUES 1,522,500 1,685,299 162,799 EXPENDITURES Current Public works 100,000 100,000 TOTAL EXPENDITURES 100,000 — 100,000 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 1,422,500 1,685,299 262,799 r OTHER FINANCING SOURCES (USES) Operating transfers out (1,316,500) (1,316,500) — TOTAL OTHER FINANCING SOURCES (USES) (1,316,500) — __(1,316,500 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES $106,000 $368,799 $262799 r r City of Cape Girardeau, Missouri FLOOD PROTECTION SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE ... BUDGET ACTUAL UNFAVORABLE} REVENUES interest $150 $241 $91 TOTAL REVENUES 150 241 91 EXPENDITURES Current Administrative services 3,800 3,800 TOTAL EXPENDITURES _ 3,800_ 3,800 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES _.($3550) $241 33,891 72 City of Cape Girardeau. Missoun VISION 2000 SPECIAL REVENUE FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) REVENUES Miscellaneous $10,000 $2,479 ($7,521) Interest 100 132 32 TOTAL REVENUES 10,100 2,611 (7,489) EXPENDITURES Current Development services 10,100 4,997 5,103 TOTAL EXPENDITURES 10,100 4,997 5,103 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES $— ($2386) ($2386) 7"i THIS PAGE INTENTIONALLY LEFC BLANK. 74 F 0 H DEBT SERVICE FUND The Debt Service Fund accounts for the financing of the interest and the retirement of the principal of general long-term debt. The Debt Service Fund is administered by the Finance Department and includes the multi-purpose building bonds and leasehold revenue bonds issued by the Cape Girardeau public Facilities Authority for general capital improvement projects not funded through Enterprise Funds. Financing is provided by a separate tax levy of $0.10 per $I00 assessed valuation, special assessments, and transfers of motor fuel taxes, hotellmotel and restaurant taxes, and capital improvement sales taxes from special revenue funds. 75 THIS PAGE INTENTIONALLY LEFP BLANK. 76 r City of Cape Girardeau, Missouri DEBT SERVICE FUND COMPARATIVE BALANCE SHEET JUNE 30, 1995'AND 1994 1995 1994 ASSETS Cash and cash equtvalents $649,348 $169,117 Investments 2,350,910 9,560,939 Receivables, net of allowances for doubtful receivables Real estate, personal property and merchant taxes 12,753 14,653 Special assessments receivable 724,107 454,593 Interest receivable 35,174 33,539 Total assets $3772292 $10.232,841 LIABILITIES AND FUND BALANCES Due to other funds $132,237 $— Deferred revenue 732,174 465,646 Total liabilities 864,411 465,646 Fund Balances Reserved for debt service 2,907,881 9,767,195 Total fund balances 2,907,881 9,767,195 Total liabilities and fund balances $3772292 $10232841 77 TRIS PAGE INTENTIONALLY LEFF BLANK. 7ti CAPITAL PROJECTS FUNDS General Capital Improvement Fund - to account for major capital improvement projects funded through local revenue sources, involving general public facilities. Corps Flood Control Project Fund - to account for the financing of the local share of the Cape LaCroix -Walker Creek Flood Control Project being constructed by the U.S. Army Corps of Engineers. Street Improvements Fund - to account for the foumcing of street paving and reconstruction projects. Many of the projects provide a benefit to a specific group of properties and are financed through the issuance of special assessments to the property owners. FAU Street Grants Fund - to account for the major street projects which are paid for with the assistance of federal aid urban (FAU) funds. Community Development Block Grant Fund - to account for the revenue and expenditures for rehabilitation of housing, capital projects, and economic grants obtained from the Community Development Block Grant Program. Park Improvements Fund - to account for capital projects directed for park improvements. E J 1 79 THIS PAGE INTENTIONALLY LEI"T BLANK. k k 80 1 City of Cape Girardeau, Nseovi CAPITAL PROJECTS FUNDS COMBINING BALANCE SHEET June 30, 1995 (With Comparative Totals for June 30, 1994) General Corp Capital Flood Street FAU Street CDBG Park Towle Improvement Con►ol Improvements Grants Grant Improvements 6-30-95 6-30-94 ASSETS Cash and cash egiivalente $1,412,515 $1,862,602 $1,248,839 $310,150 $94,616 $70,196 $4,998,918 $3,713,882 Investments 1,251,]26 200,000 200,000 - - - 1,651,726 3,907,111 Grants receivable 156,675 - - - 14,500 - 171,375 129,060 Special assessments receivable - - 132,594 15,253 - - 147,847 189,137 Interest receivabe 11,469 12,414 9,654 - - - 33,537 31,083 Notes r.AeXable 12,097 12,097 16,130 Total assets $2,832,585 $2,075,016 $1,591,087 $325,403 $121,213 $70,196 $7,015,500 $7,986,403 LIABILITIES AND FUND BALANCES Accounts payable $56,012 $4,212 $10,834 $- $291 $- $71,349 $288,809 Other 9blllle9 - - - - - - - 9,942 Due to other governments - - - - 500 - 500 1,000 Due to other funds - 4,762 149,325 - 21,366 - 175,453 179,982 Deferred revenue 130,868 15,253 146,121 189,056 Total liabilities 56,012 8,974 291,027 15,253 22,157 393,423 658,789 Fund balances Reserved for debt service 252,144 474,152 217,618 - - - 943,914 739,721 Reserved for bond capital expenditures 2,292,383 1,036,699 1,036,912 - - - 4,365,994 5,542,795 Reserved for economic dev. loan rep/rants. - - - - 84,634 - 84,634 75,706 Reserved for encumbrances 175,476 8,926 42,311 47,803 54,347 1,177 330,040 548,112 Unreserved 56,570 546,265 3,219 262,34731 9,925) 69,019 897,495 411,260 Total fund balances 27]6,5]3 2,066,042 1,300,060 310,150 99,056 70,196 6,622,077 7.317,614 Total liabilities and fund balances $2,832585 $2,075,016 $1.591 OB] $325,403 $121 213 $70,196 $7,015,500 $7. 886 403 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (82,333) (282716) (544,954) (11,409) 44,933 (10,501) (866981) OTHER FINANCING SOURCES (USES) City of Cape Girardeau, Missouri Operating transfers in 150,000 CAPITAL PROJECTS FUNDS - - 33,148 65,000 248,148 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND - - (50,000) - - CHANGES IN FUND BALANCES (99,435) Special assessments - 37,646 5,084 FOR THE FISCAL YEAR ENDED JUNE 30, 1995 42,731 TOTAL OTHER FINANCING SOURCES GENERAL CORP FAU (USES) CAPITAL FLOOD STREET STREET CDBG PARK TOTALS 191,443 IMPROVEMENT CONTROL IMPROVEMENTS GRANTS GRANT IMPROVEMENTS 1994-1995 REVENUES AND OTHER FINANCING SOURCES Intergovernmental $200,382 $- $3,039 $9,044 $352,858 $- $592,322 Interest 121,686 111,161 102,673 20,779 4,896 4,483 365,678 TOTAL REVENUES 322,068 111,161 132,712 29,823 357,754 4,483 958,000 2,348,758 1,9.57,367 316,475 EXPENDITURES 65,132 7,317,614 FUND BALANCES, JUNE 30 $2776573 $2,066,042 $1300060 Capita outlay 403.832 393,863 658,733 41,232 310,532 14,984 1,823,176 Debt service I l I I I i Interact and focal chargee 569 14 18,932 - 2,289 - 21,804 TOTAL EXPENDITURES 404,401 393,877 677,666 41,232 312,821 14,984 1,844,980 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (82,333) (282716) (544,954) (11,409) 44,933 (10,501) (866981) OTHER FINANCING SOURCES (USES) Operating transfers in 150,000 - - - 33,148 65,000 248,148 Operating Tan ofe( s out - - (50,000) - - (49,435) (99,435) Special assessments - 37,646 5,084 - - 42,731 TOTAL OTHER FINANCING SOURCES (USES) 150,000 (12,354) 5,084 33,148 15,565 191,443 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES 67,667 (282,716) (557,307) (6,325) 76,080 5,064 (695,537) FUND BALANCES, JULY 1 2,708.906 2,348,758 1,9.57,367 316,475 20,976 65,132 7,317,614 FUND BALANCES, JUNE 30 $2776573 $2,066,042 $1300060 $310,150 $99.056 $]0.196 $6622077 1 1 1 1 1 i. 1 I I 1 1 1 I l I I I i 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, 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) REVENUES Intergovernmental $2,475,320 $200,382 ($2,274,938) Interest 102,500 121,686 19,186 TOTAL REVENUES 2,577,820 322,068 (2,255,752) EXPENDITURES Capital outlay 5,462,600 364,312 5,098,288 Debt service Interest and fiscal charges 569 (569) TOTAL EXPENDITURES 5,462,600 364,881 5,097,719 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (2,884,780) (42,813) 2,841,967 OTHER FINANCING SOURCES (USES) Operating transfers in 150,000 150,000 — TOTAL OTHER FINANCING SOURCES (USES) 150,000 150,000 — EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES ($2734780) $107187 $2841 967 33 City of Cape Girardeau, Missouri CORP FLOOD CONTROL CAPITAL PROJECT FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL. (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE_ REVENUES 1ntergovemm mai $449,600 $— ($449,600) Interest 40,750 111,161 70,411 TOTAL REVENUES 490,350 111,161 �9, 1� EXPENDITURES Capital outlay 2,401,600 402,789 _ 1,998,811 Debt service Interest an d fiscal charges — 14_ 14 TOTAL. EXPENDITURES 2401,1600_ 402,803 1,99$,797 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES x,911 250,) $291642„ $1619608 64 r City of Cape Girardeau, Missouri STREET IMPROVEMENTS FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) REVENUES Intergovernmental $520,000 $30,039 ($489,961) Interest 71,800 102,673 30,873 TOTAL REVENUES 591,800 132,712 (459,088) EXPENDITURES Capital outlay 1,657,100 409,009 1,248,091 Debt service - Interestandfiscalcharges — 18,932 (18,932) TOTAL EXPENDITURES 1,657,100 427,942 1,229,158 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (1,065,300) (295,230) 770,070 OTHER FINANCING SOURCES (USES) Operating transfers out (57,000) (50,000) 7,000 Special assessments 34,600 37,646 3,046 TOTAL OTHER FINANCING SOURCES (USES) _ 22,400 (12,354) 10,046 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES$( 1 087,700 _ ($307,5831 $780,117 85 City of Cage Girardeau, Missouri FAU STREET GRANTS FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET" ACTUAL (UNFAVORABLE} REVENUES Intergovernmental $470,240 $9,044 ($461,196) Interest 91300 20,779_ _11,479 TOTAL REVENUES _ 479,540 29,823 449,71 EXPENDITURES Capital outlay 596,600 81,254 515,346 TOTAL EXPENDITURES _596,600 81,254 515,346 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (1 Q,O60) _(51,431 65.629 W OTHER FINANCING SOURCES (USES) Special assessments 5,000 _ 5,084 84 _ TOTAL. OTHER FINANCING SOURCES (USES) 5,000 5,084 84 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES ($112,060) ($46,347) $65,713 86 r City of Cape Girardeau, Missouri COMMUNITY DEVELOPMENT BLOCK GRANT FUND SCHEDULE OF REVENUES AND EXPENDITURES — BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) REVENUES Intergovernmental $383,975 $352,858 ($31,118) Interest 4,896 4,896 TOTAL REVENUES 383,975 357,754 (26,221) EXPENDITURES Capital outlay 431,445 331,579 99,866 Debt service - Interestandfiscalcharges 2,289 (2,289) TOTAL EXPENDITURES 431,445 333,868 97,577 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES _ 47,470 23,886 71,356 OTHER FINANCING SOURCES (USES) Operating transfers in 50,000 33,148 (16,852) TOTAL OTHER FINANCING SOURCES (USES) 50,000 33,148 (16,852) EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES ___$2 530 $57033 $54503 87 City of Cape Girardeau, Missouri PARK IMPROVEMENTS FUND SCHEDULE OF REVENUES AND EXPENDITURES BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORAB_LE1_ REVENUES Interest $2_000 $4,483 $2,483 TOTAL REVENUES 2000 4,483 2483 EXPENDITURES Capital outlay 35,000 16,161 18,839 TOTAL EXPENDITURES _35,000 16,161 18,839 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES _ (31,000) _(I 1,67q 21,322 OTHER FINANCING SOURCES (USES) Operating transfers in 65,000 65,000 - Operatingtuansfersout _ 49,4351 _(49,435 -� TOTAL OTHER FINANCING SOURCES (USES) 15,565 15,565 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES _x$17,435 _$3,887_ _$21 322 Hti 11 E A ENTERPRISE FUNDS Sewer Fund - to account for the operations and maintenance of the facilities which provide for the proper treatment and disposal of domestic, commercial, and industrial wastewaters to meet state and federal regulations. Financing is provided by user fees. Water Fund - to account for the operations and maintenance of the facilities which provide for the proper treatment and distribution of safe drinldng water and adequate fire flows to meet state and federal regulations. Financing is provided by user fees. Solid Waste Fund - to account for the collection, disposal, and processing of solid waste and recycling materials. The Solid Waste Fund includes the commercial, residential, transfer station, landfill, and recycling divisions of the City. Financing is provided by user fees. Golf Course Fund - to account for the operation and maintenance of the 18 hole municipal golf course. Financing is from user fees including green fees, cart rental, and pro shop concessions and equipment sales. Softball Complex Fund - to account for the operation and maintenance of softball fields for softball league and tournament events as well as various sport complex features for recreational activities. Financing is provided by user fees. 89 THIS PAGE INTENTIONALLY LEFT BLANK, I 90 1 r r as r r as r' r as I as as as as, r ASSETS Cash antl cash equivalents Investments Utility charges receivable (net of albwance fordoubHul receivables) Grants recehable Special in sessmerb, re..Nable Interest recehable Other receNables hrernorles Restricted assets Cash and cash aqulvalenls Irne iter.ws Prepaid Items Property, pla nand equipment Uend Buildings Imprwemems other buildings Equipment Construction h progress Lass accumulatetl tleproclaflon City of Cape Girardeau, Missouri ENIEHPRISE FUNDS COMBINING BALANCE SHEET June W. 190; (With Comparative Totds for June 30, 199Q Total assets $38060]601$37942752��231 $369060 $19671 $54642.99] $3]448460 LIABILITIES AND FUND EQUITY Accoudla payable $405,851 Solid Goff Softball Totals Sosror Water Waste Corrsa Comdex 6-30-g5 5-30-94 $71,934 $649,668 $486,155 $34,900 $- $1,242,657 $1,375,T22 596411 - 121,854 - - 718,265 1,037,648 322,717 497,427 315,095 - - 1,135,239 1,129,144 19,423 23,768 - - - 43,191 - 101,836 - - - - 101,836 37,479 32,154 16,225 7,004 - - 56,383 39,427 24,321 10,100 Sg661 1,OTd - 90,155 69,995 - 153272 - 3,320 - 156,592 156604 13,504,234 795,280 269,408 - - 14,566,922 2,817,101 2,209,641 1,291,218 80,500 - - 3,581,359 1,663567 471 P81 1 W.932 50,713 182 - 662.908 364,001 17,353,752 3,597,890 1,385,3% 39,475 - 22,376,507 8,690,686 135,869 - 102,921 - - 238,790 191,790 8,156621 158,266 703885 1,500 - 9,060,2]8 9,0611,278 17,410,838 9,831,096 83,122 326,535 - 27,653591 26,531,355 8]9,982 563589 1,595,528 342,493 19,671 3,421,263 3,110,941 2,819,823 49,500 13,063,962 _.. 3,36431] - 3,310,423 304,891 29,403139 11,103,551 2,486456 672,528 19,671 43,684,345 39,199,255 8,696131 9071166 1,471,615 342,943 - 11,417,855 10,441,483 20,707,008 10,196,385 1,013,841 39,585 19,671 32,266,490 28,757,X2 Total assets $38060]601$37942752��231 $369060 $19671 $54642.99] $3]448460 LIABILITIES AND FUND EQUITY Accoudla payable $405,851 $411,574 $33122 $17,255 $3,508 $868,310 $844,361 Ac=od fabilitles Selades,peyroll taxes and berafits 53719 1,895 55,282 15,564 6,926 133386 112,784 Notes Payable - - 44,802 - - 44,802 - Iderest payable 104,300 260,562 18,104 - - 382,966 353063 O01a llabilltles 34,874 105,529 288 624 - 141,315 136278 Due In other funds 769,415 - - - 50,915 89,330 - Due adothergossmments 3,271 176197 - - - 181,468 124,904 Advance from other funds 337,500 - 950,000 396000 - 1,6X,500 1,722,500 Current portion of long -tam debt 6 ,ef;5 145,000 168,646 - - 9]7,231 732,761 Long -farm debt net of current portion Revenue bonds payable 15,3]0,81] 11,461,95 - - - 26,832,022 15,657,244 Leaseholtl revenue bonds pay able 2,326,636 - 413,823 - - 2,740,459 3,258,965 Certificates of perticpation 2,150,000 500,000 770,000 - - 3,420,000 - Es6 a tical landfill clow. and post-olosae care cost liability - - 913,250 __.. - - 913,250 2,132,221 Total liabilities 22.219,968 - 13,063,962 _.. 3,36431] 423443 61,349 39, 133 Me_ 25,0]5,087 Pond equity Contributed capital 15,360,444 721,716 208,535 - - 16370,745 15,151,561 Retained earnings Reservetl for debt service 26,667 - - - - 26,667 25,000 Unreserved 453681 8597 (,253,671) (54383) _ 41,678 (88]4541 (2,803,188) Total fund equity 15840,792 _. 7W 313 (965,08661514,383)4( 1,678) 15509,958 123]33]3 Iola) liabilities antl fund equity $W 0760 $13,7942]5 $y3399,231 3369060_ _$19671_ $54642997 $37 43460 91 C , of Capo Gimrdoao, Missouri ENTERPRISE FUNDS COMI WING SFATEMENT OT IIEVENFLS, EXPENSES AND 0 iANCCS IN RETAINED EARNING FDR TI iE FISCAl. YEAR ENr3ED JUK_ :n, 1995 SCUD GO..F SOFrr3AA TOTALS SEWER WATER WASTE COURSE COMPLEX 199E-1995 OPERATING REVENUES %sidenGal Char{pls $1,409,615 $?,t 16,f 8t $1,526,381 $- CpmmenJalchargas 915,795 $1,410,563 442,450 - 2,768,808 Transfer station charges - - 823,919 - - 823,819 E9uipmeal sales - - _ 7,1% - 7.196 CPncession revenues - - - 64,159 - 64159 GoN course lees - - _ 343,206 - 3432(18 SOFrbali 9mex saes - - - .. 20,660 20,660 Other fees and charges 41,216 181,101 47,073 - - 269,390 Otllermisc. laneous -, 56,852 8,117 19,493 601 93 85,066 TOTAL OPERATING REVENUES 2,423,479 3,715,982 _41S _ 2075 9,434,4]9 OPERATING EXPENSES Personnel eerviceo 674,297 63,082 879,941 196,491 53,518 1,867,328 MaterialsandsuPPlies 65,708 75,919 46,83] 48,944 4,531 241,939 C.Dectual servicoe 2.10,422 2,426,826 W7217 27,9E& 31ES3,(X67 General operating Oxpensa5 38,912 210,910 36,548 49,076 303 395,749 Spec{al Pnlr>:ts expense 20,633 26,876 41,163,628) 4,821 2,202 (11108,896) Mernal sarN. e)pans.s 90,736 25,612 216,899 39,807 337 373,471 Depreciation expense 708,679 325,323 229,932 A2,291 1,306,225 TOTAL OPERATING EXPENSES 1,00.587 3,154,548_ 1,243,747 404,479 61,523 8,678,8&1 OPERATING INCOME (LOSS) - _ 61 3,89? 561,414 1,615,378 _ 5,682_ (gO,T]Oi 2155,595_ NON-OPERATING REVENUE (EXPENSES) Interest Income 310,638 176,499 40,772 1,950 - 529,859 Federal Barns 14,316 - 2,123 - - 16,439 Sa18 Gf flied asse6i - - 40,819 1'5 - 42, 0 Compensation for demagog - 4,050 - - - 4,0X4 Gain on sale of securities 3,BOti 1,073 - .- - 4,879 Issuance costamoNzaSon (38,270) jt3,e16) {6,815) Interest and handling costs (303.452) 89,342) (114,879) (23290) (909) (1,431,921) TOTAL NON-OPERATING REVENUE (EXPENSES)1212971) _( 1,587_... (379N� 19,759 J (9081... _893,195 INCOME jt...OSS) RFFOHE OPERATING TRANSFERS 40.921 (6.172) Tm'3% (14,(168) (41,671a 1,962,401 Operating tanstUsln - _. SS,WO 55,000 NET INCOME (LOSS) 40.921 (6.112) 1.5E 398 4,932 (41,670) 1,91],401 RETAINED EARNINGS (DEFICIT), JlA_Y 1 _79,427 68.769 _fMKd,06A _(95,315 - 2.TJaim) , RETAINED EARNINGS (DEFICIT), JUNE 30480�A _$9597_ _($1,2538711 ,_x$±4,383 t,fi]9 78 r r r Chy of C... Girerduua, Mi—d ENTERPRISE FUNDS COMBINING STATEMENT OF CASH FI OWS FOR THE FISCAL WAR ENDED ANE W. 1995 SOLID GOLF SOFTBALL TOTALS SLIVER WATER WASTE COURSE QQmpIEX 3a84-ta95 CASH FLOWS FROM OPERATING ACTIVITIES: Operating income Fell) 5613,692 6Y1 d16 $1.615.378 SSW (57.770) $2,755,Nt6 AdluMmenM Iorecolcit oMrid ng ircane to net cash Ixavlded by operating activtles: Rpwetion 7W,679 325,323 229,932 42191 - 1,306225 Cash opal Wants receNed 14,316 - 2.123 - - 16,439 Green, inesw6 and lebililia: decrse N ... o otenaro Noble (Inc es e) M (54,638) (6,410) 861 56) (565) - 3! (1,8]1) OmDme) decrease Iniarnerllery - (2.806) - 2,N98 - 12 increase) decrease In Frainild Items (282.706) (1.066) (35,054) (91) - (318,907) I—ea(decr®w) In accourb Peyabis 258,023 81,140 (32.812) 4,099 3,500 23,940 Inca®w(decrmw) inecerued liebilitisis 705,013 71210 16,666 (45.094) 57,841 887,436 Inasase(dwr®se) in landfill poatbaure care coals - - (1118.977) - - (1118077) 08er (29.2291 5.508 (6.058) 1.590 128.109) NET CASH PROVIDED BY OPERATING ACTIVITIES 2,015.150 1.034.327 201.940 1.800 20,579 3185,7S2 CASH FLOWS FROM NOMCAPITAL FINANCING ACTIVITIES: Opaeting tierelas in from ober hands 55.000 55,000 NET GSH PROVIDED BY NONCAPITAL FINANCING 55.000 55.000 ACTIVITIES CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Procwds tam derokpmB 201.540 _ _ _ _ 200.540 Proceeds tom SRF bind iseus 11.462,661 - - - - 11,482,681 Procaedn torn COP bond issue 2=.800 501,301 807,142 - - 3.539,312 PrircDel paid an rewnuO bonM (140000) (I15,ho0) (13.826) - - (2681026) Plimpal paid an Nese purchase bonds (348054) - (116.561) - - (464,915) Intaealpeid m bonds and rblgedae (431.526) (7TJ326) (101,96. (23190) (900) (1,331,114) Proceeds hamcapital Warts race Ned from oma gp,red mems 146,377 2X.861 1,30fi - - still Padres. of faedassels (2,019,900) (1094,051) (259,830) (34,065) (19.671) (4122.325) Proceeds of sale M hated assets 69,974 69.974 NET CASH USED IN CAPITAL AND RELATED FINANCING ACTIVITIES 10.303.962 (1,X1,110) 392133 57,355 (26,79) 9,357,151 CASH FLOWS FROM INVESTING ACTIVITIES: Pvchnse of lmestmems (2,022136) (292100) (80.So0) - - (2,X4,942) Pmcasd3 Dan Sets 0 —"One 497,779 304.718 - - - SfQ.497 Ime,cD on lMeslm ems 296,016 178,538 36703 1,951 - 513.258 NET CASH USED IN INVESTING ACTIVITIES (1,228,439) 1910096 (43,797) 1.%1 INCREASE IN CASH AND CASH EQUIVALENTS 1109.%3 (35,669) 553.376 10,396 - IEat 8,756 CASH AND CASH EQUIVALENTS, JULY 1 2,185,495 1,480,637 2W.167 24.504 4,192.823 DASH AND CASH EQUIVAUNTS, JUNE 30 $13,576,100 $1,444,915 $755,51ZI $34.900 8- $15,811,679 NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES: ConNbul a Flied 65aee 5262.758 $219.419 - - - 5482.177 CRY of Cepa Girardeau, Missouri SEW11iR FUND SCHEDULE OF REVENUES AND EXPENSES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 3q 1995 VARIANCE FAVORABLE BUDGET_ ACTUAL _(UNFAVORABLE) OPERATING REVENUES Residential charges $1,365,000 $1,409,615 $44,615 Commxclal charges 850,000 915,795 65,795 Other fees and charges 25,000 41,216 16,216 Other miscellen... s 5,000 56,852 51,852 TOTAL OPERATING REVENUES 2245,000 2,423,479 178,479 OPERATING EXPENSES Personnel service. 691,006 674,297 16,709 Meterlals and supPh. 95,179 65,708 29471 Cont ... Wet Service. 220,982 218,554 2,428 General operating expenses 27,776 38,912 (11,1361 Specisl projects expense 92150 22,624 - 69,528 Internal service expense 89,839 90,736 (897) Depreciation expense _ 703,920 708,679 (4,759) TOTAL. OPERATING EXPENSES 1^920,,851 11819,510 101,342 OPERATING INCOME (LOSS) 324,149 _803,969_ 279,_821 NON-OPERATING REVENUE (EXPENSES) Interest income 103,000 310,638 207,838 Fed ... I grants - 14,316 14,316 Gain on sale of eeccnti.. - 3,806 3,806 Issuance cog emodizetI.c (33,075) (38,278) (51203) Intaresl and handing costs (394,225) 1503 452) _ (109,227) TOTAL NON-OPERATING REVENUE (EXPENSES) _C324,300% _(212_971) 111,329 NET INCOME (LOSS) x$151 $$90,996 _$391,,150 City of Cape Girardeau, Missouri WATER FUND SCHEDULE OF REVENUES AND EXPENSES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 9j VARIANCE FAVORABLE BUDGET ACTUAL ONFAVORABLE) OPERATING REVENUES Residential charges $2,258,250 $2,116,181 ($142,069) Commercial charges 1,442,000 1,410,563 (31,437) Other fees end charges 132,000 181,101 49,101 Other miscellaneous 4,000 8,117 4,117 TOTAL OPERATING REVENUES 3,836,250 3,715,962 (120,288) OPERATING EXPENSES Personnel esM... 64,888 63,082 1,806 Material. and supplies 56,560 75,919 (19,359) Contractual services 2,399,923 2,427,392 (27,469) General operating expense. 230,603 210,910 19,693 Special projects expense - 7,576 (7,576) Internal service expense 21,919 25,612 (3,693) Dep ... fallen expense 329,000 325,323 3,677 TOTAL OPERATING EXPENSES 3,102,893 3,135,814 (32,922) OPERATING INCOME (LOSS) 733,357 580,149 153,210 NON-OPERATING REVENUE (EXPENSES) Interest income 87,000 176,499 89,499 Compensation for damages - 4,050 4,050 Gan on sale of securities - 1,073 1,073 Issuance co! amortization (12,000) (13,816) (1,816) Interest and handling costs (766,400) (789,392) (22,992) TOTAL NON-OPERATING REVENUE (EXPENSES) (691,400) (621,587) 69,813 NET INCOME (LOSS) $41,957 ($41 438) __L$83,39ZI 9j City or Cep. Girardeau, Missouri SOLID WASTE FUND SCHEDULE OF REVENUES AND EXPENSES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE W. 1995 06 VARIANCE FAVORABLE BUDGET ACTUAL _(UNFAVORABLE_ OPERATING REVENUES Resid.ntiai chargos $1.456,000 $1.526.381 S70,381 Commerciel charges 470,000 442,450 (27,550) Trangferstatioo char,.. 50),250 823,819 323,669 Otos fees and char$.. 35,000 47,073 52,073 Other nisooll.n.c.s 2,000 19,403 17,403 TOTAL OPERATING REVENUES 2^463,250 2,859,125 395,875 OPERATING EXPENSES Porsonna(aervic.e 93,063 879,941 50,122 M.tenal.end supplies 55,970 47,099 8,871 C.ntrsot.al cervica. 984,169 999,481 {15,312} Genera operating axpen.es 20,645 36,548 (15,903) Special Projects expense - (1,163,628) 1,163,628 Intemai "'ice expense 26(5.282 2+.6,899 4%Wt Depreciation expense 242,895 229,932 12,963 TOTAL OPERATING EXPENSES 2,50,024 1,246,273 1,253,151 OPERATING INCOME (LOSS) (36,774) 1,612,853 1,649,6_26 NON-OPERATING REVENUE (EXPENSES) interest incom. 12,000 40,772 28,772 Federal grants - 2,123 2,123 S.I. of fixed assetr, - 40,819 40,819 Issuance cos am.ftu.lT.n (318551 (61815) (2,960) Morestand handing costs 11168501 X14,879 1,971 TOTAL NON-OPERATING REVENUE (EXPENSES) (198705} �3T,9� 70,725 NET INCOME (LOSS) ($145,479) $1514873 $1.720,351 06 r CRY of Cape Girardeau, Missouri GOLF COURSE FUND SCHEDULE OF REVENUES AND EXPENSES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 97 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE_ OPERATING REVENUES Equipment odes $10,000 $7,196 ($2,8(4) Con cession revenues 58,000 64,159 6,159 G.ff,.rx fees 315,000 343,206 28,206 Other miacelleneoue 350 601 251 TOTAL OPERATING REVENUES 383,350 415,162 31,811 OPERATING EXPENSES Personnel service. 200,384 196,491 3,893 Material. and arpplles 58,848 49,013 9,835 Contractual services 27,342 24,604 2,738 General operating expense. 48,758 49,076 - (318) Special project. expense 5,000 4,821 179 Internal service expense 3$457 39,887 (1,430) Depreciation expense 40,585 42,291 (1,706) TOTAL OPERATING EXPENSES 419,374 406,183 13,191 OPERATING INCOME (LOSS) (36,024) 8,978 45,001 NON-OPERATING REVENUE (EXPENSES) Into rest income 3W 1,950 1,650 Sale of fixed assets - 1,590 1,590 Interest and handling costs (17,50)) (23,290) (5,790) TOTAL NON-OPERATING REVENUE (EXPENSES) (17,200) (19,750) (2,550) INCOME (LOSS) BEFORE OPERATING TRANSFERS (53,224) (10,772) 42,452 Operating transfers in 55,W0 551OW NET INCOME (LOSS) $1,776 $44228 $42452 97 City of Cape Girardeau, Missouei SOFTBALL COMPLEX FUND SCHEDULE OF REVENUES AND EXPENSES - BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE 30, 1995 VARIANCE FAVORABLE BUDGET ACTUAL NFAVORARE,E) OPERATING REVENUES Equipment sales $5,000 $- ($5,600) Concession revenues 50,000 - (50,000) Soabdl complex tees 63,000 20,660 (42,340) Other miaceilaneaus 93 93 TOTAL OPERATING REVENUES 118,000 20,753 {91247) OPERATING EXPENSES Peesanrtel.,Acos 90,265 53,518 36,747 Malerielsend supplies 15,786 5,250 10,536 CantiocL,N aeMoes 30,056 633 29,426 Genarei apo,.ImE, expenses 44,339 303 44,036 Special projects expense 15,250 2,256 12,994 Inlemal sews. oxpense - 337 (337) Dopreclelion expense 2280 - 2,280 TOTAL OPERATING EXPENSES 197,978 62,296 135,883 OPERATING INCOME (LOSS) p9978) l41 543) 38,435 NON-OPERATING REVENUE (EXPENSES) Interest and handling costs TOTAL NON-OPERATING REVENUE (EXPENSES) - (908j �906Z ULT INCOME (LOSS) ($79,978) ($42,450) $37,528 M C h INTERNAL SERVICE FUNDS Data Processing Fund - to account for data processing services for all City departments and various functions. Financing is provided from assessed charges for the use of data processing equipment, computer supplies, and personnel services. Fleet Management Fund - to account for the maintenance of the municipal fleet. Financing is provided from assessed charges from departments for fuel, parts, and labor. Employees' Fringe Benefit Fund - to account for partial cafeteria benefit plan and financing the refund of LAGERS contributions to employees. Risk Management Fund - to account for self-insured worloneti s compensation coverage for City employees. Financing is provided from assessed charges to departments based upon levels of risk 99 I I THIS PAGE. INTENTIONALLY LEFT BLANK. LOQ he i IM City of Cape Girardeau.Missouri INTERNAL SERVICE FIJNOe INTERNALSRVICE ` COMBINING BALANCE SHEET June W. 1995 - (With Comparative Total, for June 30, 1994) Employees' r� Data Fleet Fringe Ptak Fatale Processing Management Benefit Management 8-30-95 6-30-94 ASSETS Cash and cash equivalents $261,139 $3,601 $899,310 $38],1]5 $1,551,225 $446,696 Inve4mente - 10D,000 250,000 280,008 630,068 1,228,23] Interest receivable - 1,9111 4,953 3,607 10,541 14,662 - Otherreceivables - 10,132 64,315 12,840 87,267 17,890 Inventories - 8,416 - - 8,416 7,921 Prepaid items 23,723 1,266 5,000 61,287 91,276 123,050 f 284,862 125,396 1,223,578 ]44,99] 2,3]8,833 1,638,456 V Property, plant and equipment I Land - 37,500 - - 37,500 37,500 Buildings - 416,109 - - 416,109 363,214 - Improvements other buildings - 27,206 - - 27,206 26,851 Equipment 833,177 201,033 - - 1,034,216 95],854 t Construction In progress 22,3]] - - 833,17] 704,225 - - 1,53],402 1,305,419 Less accumulated depreciation 499,099 292,368 - - 791,467 657,641 r 334,078 411,85] 745,935 70,778 Total asse6 $618940 $53253 $122398 $]4499] $3,124,768 $2566234 - LIABILITIES AND FUND EQUITY Accounts payable $7,528 $46,466 $188,719 $221,732 $464,445 $36,053 Accrued liabilities - Selanes,psyrolllsxesend benefits 2,873 22,925 - - 25,798 25,945 Other liabiities 44 - 44 42 Total habllltles 10,401 69,435 _ 188,719 221,732 49,29 386,040 - Retained earnings Unreserved 608,539 46],818 1,034,859 523,265 2,634,481 2,180,194 Total fund equity 608,539 467,818 1,034,859 523,265 2,634,481 2,180,194 Total liabilities and fund equity $618940 $537253 $122398 $744,997 $3,124,768 $2566234 i IM Cify of CaFc Girardeau, Missouri INTERNAI. SERVICE FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS FOR THE FISCAL YEAR ENDED JUNE 30, 1995 IUZ EMPLOYEES' ^ DATA FLEET FRINGE RISK TOTALS PROCESSING MANAGEMENT BENEFIT MANAGEMENT 1994-1995 OPERATING REVENUES .... Interdepartroantal se Mf .s $2224,859 $008,324 $1,028,021 $611,937 $2,673,132 Other miecelkneous 63 = _ 91,881 91743 TOTAL OPERATING REVENUES 224,850 908,387 1,@8,021 703,618 2,764,876 +. OPERATING EXPENSES Personnol sernoos 51,916 375,564 - - 477,480 Mateds'sand supplies 3,0.36 268241 - - 271,777 ^ Cantmctual services 70,64 140,565 928,586 437,7 2 1,577,787 Oeneml operating ezpanaes 3,972 4119 - 8,P90 intone' service expenses - 3,024 - - 3,024 Depredation expanse 107,112 _ 27730 TOTAL OPERATING EXPENSES 237,000 _ 819,244 928,SW 437.752 2.422,50' OPERATING INCOME (LOSS) (12150) _ 10.85 99,516 265,866 342,375 NON-OPERATING REVENUES (EXPENSES) Interest income 12,150 7,685 62,474 23558 105,6fi8 We. of fixed assets - 135 _ _ 135 ^ Compensation for damages - 1,255 _ - 1255 Sao on sale of sacuriti¢s - - 4,879 - 4,879 Interest and hendling ousts TOTAL. NON-OPERATING REVENUES (EXPENSES) _12,1W 9,072 67,353 23,337 111,912 NET INCOME (LOSS) - (1,785) 165,889 259,203 454287 ^ RETAINED EARNINGS (DEFICIT), JULY 1 608,539 463,603 867,990 234,062 2,180,194 ^ RETAINED EARNINGS (DEFICIT), JUNE 30 $£08_539 $467818 $tio34 &59 $523265 $2'63446£ IUZ CRY of Cepa Gimrdaeu, Misun INTERNAL SERVICE FUNDS COMBINING STATEMENT OF CASH FLOWS FOR THC FISCAL YEAR ENDED JUN E 30, 1995 10i EMPLOYEES' DATA FLEET FRINGE RISK TOTALS PBQ2 EC§IN MANAGEMENT BENEFIT MANAGEMENT 1994-1995 CASH FLOWS FROM OPERATING ACTIVITIES: Opaeting income pass) ($12,150) ($10,057) $99516 5265,666 5342,375 Adjugments b reconcile opaelb9 inwme to nM crib Provided by opaming aclFAles: Daprecolon 107.112 2]]31 Change in assets and Iob4sias: (Innease) decrease inaccounts receivable - 7,621 (56.0291 (14.868) (65.276) Ilrweesel d... in imenlory - (495) - - (495) (Inaeess) Jeaeese in prepaid hems 30,979 (371) (5,000) 8,166 31.774 Increex(deamse) In accounts payable (5,261) (4.396) 42,932 71,117 104,392 Increase(deaeese) In-ruadf bilines (1,789) 1,644 - - (145) Other 712 1,390 (103) (39) 1,960 NET CASH PROVIDED BY OPERATING ACTIVITIES 119,603 22,267 79,316 328.242 549,428 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Interest paid on bonds and ob9galions - (4) - (222) (226) Purohaee Of 6sed assets 30,593 (123.117) - - (153]10) NET CASH USED IN CAPITAL AND RELATED FINANCING - ACTIVITIES 30,593 (123,121) - (222) (153,936) CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of investments - - - (99206) (99,206) Proceeds from sale of investments 99.000 - 504.375 99.00 702,375 Interest on investments 12,150 7,685 62,474 23,559 105.868 NET CASH U SED IN INVESTING ACTIVITIES 111,150 7,685 566,849 23,353 709.07 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 200,160 (93.169) 646,165 351,373 1,104.529 CASH AND CASH EQUIVALENTS, JULY 1 60.979 %.770 253,145 35,802 446,696 CASH AND CASH EQUIVALENTS, JUNE 3026� $3601 5899310 $387175 _$1551225 10i City of Cape Girardeau, Missouri DATA PROCESSING FUND SCHEDULE OF REVENUES AND EXPENSES— BUDGET AND ACTUAL (BUDGET BASIS) FOR THE FISCAL YEAR ENDED JUNE W. 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) OPERATING REVENUES Interdepartmental services $266,400 $224,850 -($41,550) TOTAL OPERATING REVENUES 266,400 224,850 (41550) OPERATING EXPENSES Personnel services 51,269 51,916 (646) Maedd.and supplies 3,636 3,0% 540 Contractual service. 97.025 71,264 25,761 General operating expenses 800 3,972 (3,172) Depreciation expense 115,000 107,112 7,888 TOTAL OPERATING EXPENSES 267,730 237.359 30,371 OPERATING INCOME (LOSS) _ (1,330) (12.510) _ (11,179) NON—OPERATING REVENUE (EXPENSES) Interest income 1,00 12,150 11.150 TOTAL NON—OPERATING REVENUE (EXPENSES) 1,000 _ 12,150 11,150 NET INCOME (LOSS) ($330] _ ($360) _(PA — Cllr 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, 1995 105 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) OPERATING REVENUES Interdepartmenbl service. $834, 1 $80,324 ($25,856) Mer miscellaneous 63 63 TOTAL OPERATING REVENUES 834,180 808,387 (25,793) OPERATING EXPENSES Personnel services 381,997 375,564 6,433 Materials end su pplies 239,749 267,309 (27,560) Contractual services 170,816 140,565 3.251 General operating expenses 1,010 4,119 (3,109) Internet service expense 2,524 3,024 (50)) Depreciation expense 36,500 27,730 8,770 TOTAL OPERATING EXPENSES 832,597 818,311 14,286 OPERATING INCOME (LOSS) 1,583 (9,924) (11,508) NON—OPERATING REVENUE (EXPENSES) Interest income 1,000 7,685 6,685 Sate of fixed assets — 135 135 Compensation for damages — 1,255 1,255 Interest and handling costs _ (4) (4) TOTAL NON—OPERATING REVENUE (EXPENSES) 1,000 9,072 8,072_ NET INCOME (LOSS) $2,583 ($853) ($3,436) 105 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, 1995 VARIANCE i FAVORABLE BUDGET ACTUAL ,(UNFAVORASLE� OPERATING REVENUES Interdepartmental services $1;206,666 $1,028,021 TOTAL OPERATING REVENUES 1,206,606 1,028,021 (178,585) OPERATING EXPENSES Coanirowal services 1p9G,509 928,506 167,994 _ TOTAL. OPERATING EXPENSES 1,096,500 928,506 167.994 OPERATING INCOME (LASS) 110,106 99,514 (10,590) NON-OPERATING REVENUE (EXPENSES) Interest income - 62,474 62,474 Gain on sale of x.ounn.. - 4,879 4,879 Interest and ham9ing coats (10,000} 10,000 TOTAL NON-OPERATING REVENUE (EXPENSES)_ 10,WO) 67,353 77,353 NET INCOME (LOSS) 11 $10(1106 $166869]=3 106 �, as as 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, 1995 VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) OPERATING REVENUES Into rdepertmental services $594,982 $611,937 $16,955 Other miscellaneous 91,681 91,681 TOTAL OPERATING REVENUES 594,982 703,618 108,636 OPERATING EXPENSES Contractual services 495,000 437,752 57,248 TOTAL OPERATING EXPENSES 495,000 437,752 57,248 OPERATING INCOME (LOSS) 99,982 265,866 165,884 NON—OPERATING REVENUE (EXPENSES) Interest income 10,000 23,558 13,558 Interest and handing costs (222) (222) TOTAL NON—OPERATING REVENUE (EXPENSES) 10,000 23,337 13,337 NET INCOME (LOSS) $109982 $289203 $179.221 107 TRIS PAGE INTENTIONALLY LEFF BLANK. 108 I C AGENCY FUNDS Library Fund - to account for a separate tax levy of $0.16 per $100 assessed valuation for the Cape Girardeau Public Library. Arena Lnprovement Fund - to account for assets held for the A.C. Brase Foundation for improvements to the A.C. Brase Arena Building, a multi-purpose facility. Deferred Compensation Fund - to account for assets held for employees under the Citys deferred compensation plan Section 457. Park Development Foundation Fund - to account for assets held for the Park Development Foundation for development and/or improvements to parks within the City. 109 THIS PAGE INTENTIONALLY LEFT BLANK. LIO r I. City of Cape Girardeau, Missouri AGENCYFUNDS COMBINING BALANCE SHEET June M. 1995 (With Comparative Totals for June 30, 1991) as Park Arena Deferred Development Totals Library. Improvement Compensation Foundation 6-30-95 6-30-94 sa ASSETS Cash and cash equ'valants $323,485 $66,829 $- $32,122 $422,436 $140,1W 1. InvesMertla - - 1,215,923 - 1,215,923 1,o97,947 as Racevables, net of allowances for doubtful receivables Reel estate tax 16,828 - - - 16,828 19,768 f%reonal propedytax 2,576 - - - 2,576 2,353 Other receivables 753 - - - 753 159 as Interest recevable 1,552 Total assets $343642 $66829 $1.215923 $WlJ $1658516 $1261929 as—_ — LIABILITIES as Accounts payable $7,8)2 $59 8- $82 $8,W3 $18,557 I Accrued liabilities Salaries, payroll toes and benePos 11,408 - - - 11,408 7,2W as Other iabilities 249,342 66,770 - 32,040 348,152 2W,071 Advance from other funds 75000 - - - 75,000 75,OW Deferred compensation due employees - 1,215,923 - 1215,923 901,051 r __ as Total liabilities $343,642 $66,829 $1.215,923 $3211 $1,658,516 $1,261,929 as as r k. 1 his y Issi L1Z - City of Cape Girardeau, Missouri LIBRARY AGENCY FUND STATEMENT OF CHANGES IN ASSETS AND LIABILITIES FOR THE FISCAL YEAR ENDED JUNE 30, 1995 Balance Balance July 1 1994 Additions Deletions June 30 1995 ASSETS Cash and cash equivalents $90,258 $740,377 $507,150 $323,485 Investments 196,896 - 196,896 - Receivables, net of allowances for doubtful receivables Real estate tax 19,768 321,508 324,448 16,828 Personal property tax 2,353 85,771 85,548 2,576 Other receivables 159 8,849 8,255 753 Interest receivable 1,552 1,552 - Total assets $310986 $1,156,505 $1,123,849 $343,642 LIABILITIES Accounts payable $15,343 $203,955 $211,406 $7,892 Accrued liabilities Salaries, payroll taxes and benefits 7,250 188,894 184,736 11,408 Other liabilities 213,393 314,986 279,037 249,342 Advance from other funds 75,000 __ - 75,000 Total liabilities $310 986 $707,835 $675,179 $343 642 L1Z - City of Cape Girardeau. Missouri ARENA IMPROVEMENT AGENCY FUND STATEMENT OF CHANGES IN ASSETS AND LIABILITIES FOR THE FISCAL YEAR ENDED JUNE 30, 1995 Balance Balance July 1, 1994 Additions Deletions June 30, 1995 ASSETS Cash and cash equivalents $49,739 $27,370 $10,280 $66,829 Total assets $49739 $27370 $10,280$66,829 LIABILITIES Accounts payable $3,114 $7,008 $10,063 $59 Other liabilities 46,625 20,360 215 66,770 Total liabilities $49,739 $27,368 $10278 $66,829 City of Cape Girardeau, Missouri DEFERRED COMPENSATION AGENCY FUND STATEMENT OF CHANGES IN ASSETS AND LIABILITIES FOR THE FISCAL YEAR ENDED JUNE 30, 1995 ASSETS Investments Total assets LIABILITIES Defenred compensation due employees Total liabilities Balance Balance July 1 1994 Additions Deletions June 30 1995 $901,051 $314,872 _ $— $1,215923 $901051 $314,872 $— $ty15923 $901,051 $314,872 $— $1,215,923 $901,051 $314,872 $— $1,215923 X14 r City of Cape Girardeau, Missouri PARK DEVELOPMENT FOUNDATION AGENCY FUND STATEMENT OF CHANGES IN ASSETS AND LIABILITIES FOR THE FISCALYEAR ENDED JUNE 30, 1995 Balance Balance July 1 1994 Additions Deletions June 30 1995 ASSETS Cash and cash equivalents $153 $39,949 $7,980 $32,122 Total assets $153 $39,949 $7,980 $32 122 LIABILITIES Accounts payable $100 $5,227 $5,245 $82 Other liadlities 53 38,122 6,135 32,040 Total liabilities $153 $43349 $11,380 $32,122 TRIS PAGE INTENTIONALLY LEFT BLANK. II6 l� 0 0 I GENERAL FIXED ASSETS ACCOUNT GROUP H A j TRIS PAGE INTENTIONALLY LEFT BLANK. 118 r r r Cay of Cape Girardeau, Missouri SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE June 30. 1995 GENERAL FIXED ASSETS Land Buildings Improvements otherthan buildings Machinery and equipment Contraction in progress TOTAL GENERAL FIXED ASSETS INVESTMENT IN GENERAL FIXED ASSETS BY SOURCE General fund Special revenue funds Capital projects funds TOTAL INVESTMENT IN GENERAL FIXED ASSETS 119 $2,073,938 4,037,365 2,198,958 1,275,596 1,053,494 $10,639,351 $4,190,161 2,815,881 3,633,309 $1063-9351 City of Cape Girardeau, Missouri SCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY June 30, 1995 120 Improvemanis Machinery Gonstreclion Other Then end n Function end Activity land Rpildings Buildings Equipment Pro mss Total ADMINISTRATIVE SERVICES city mane'., $200,000 $131,024 $- $1,993 $- _ $333,017 Interd.partm.ntel 67,340 - - 3,191 - 70,531 Finance - - - 399 - 399 Airport 354_649 224,739 ...1 498,963 _ 25.096 - 2.193,447 _ TOTAL ADMINISTRATIVE SERVICES 621,989 _355_763 1,498,96.3 30,679 2,507,394 DEVELOPMENT SERVICES Planning aero... - - - 9,023 - 9,023 Inspection sarcrcas - - - 2300 - 2300 Englneerin9 services - - - 19,566 19,566 TOTAL DEVELOPMENT SERVICES - - - _ 30.889 _ 3'889 PARKS AND RECREATION Park maintenance 855,236 246,535 2,617 99,333 - 1,203,123 Recreation - - - 841 - 841 ... Cemetery 4,120 - - 13.635 - 17,155 Corral pool - 680,611 - 5,937 - 686,548 Capehapool __.... - 108 - 108 TOTAL PARKS AND RECREATION 859 35e- 927,146 2,617 119,854 1,908,975 PUBLIC SAFETY Municipal court - - - 712 - 712 Health - - - 14,938 - 14,938 Potice 17,500 287,416 - 149,473 - 454,449 Fro 210,950 941,185 - 485,601 1,63],736 TOTAL PUBLIC SAFETY 228,450 1,228,661 - 65 .724 - 2,107,835 PUBLIC WORKS Street - - - 363,024 - 363,024 Stormwater - _ 11,924 -._.., 77,924 TOTAL PUBLIC WORKS - - - 440,948 440,948 CAPITAL OUTLAY Genaed repro! improvements 10,000 1,511,135 615,436 2,501 1,053,494 3,192,566 Park improvements 354,141 14,680 81,942 450,743 TOTAL CAPITAL OUTLAY 364,141 1,525,795 697,378 2,501 1,053_494 3,643,309 W TOTAL GENERAL FIXED ASSETS $2.073,938_ $4037365 $2198958 $1 275,_ 96 $1 053,494 $10, 699951 120 City of Capo Orxdeae, Missouri SCHEDULE OF GFUNGES IN GENERAL FIXED ASSETS - BY FUNCI ION AND ACTIVITY FOR THE FISCA_ YEAR ENDED JUNE 3. 1 WS General Fixed Goneral P9xod Ass.M OeFsuciatim Assets Function end Ac"v June 30 1994 Addtiu_na Dadu<uw,a Expanse Juno 30, 1995 ADMINISTRATIVE SERVICES City managor $34$274 $- $- $10,257 $333,017 lnkrde{ndraaaw 70,934 - _ 403 70,531 Haama 505 .. - 106 399 Arport 2,226,237 7,945 130,735 2,103,447 TOTAL ADMINISTRA'RVE SERVICES 2___540,950 _ 7,945 - 141,502 J, 2, 507,394 DEVELOPMENT SERVICES Piennm9 SIMS 9,3W 1,500- 1,777 9,023 Inspact.n Sam.$ 3,682 - - 1,302 2900 E,Dneedng sa s 24,373 _ _ 7,252 (2,443} _ 19,566 IOTA, DEVEI OPMENT SERVICES 37,355 1,500 7,250 716 3.899 PARKS AND RECREATION Palk maintenance 1,233,362 0,0,899 16,474 44,064 1,203,723 Recreation 1,1$0 - - 339 841 Camotary 2.597 1,008 - 3,850 17,755 Cental pool 715,527 - - 28,979 606,548 Camii PC" _.... 363 - 255 108 TOTAL PARKS AND RECREATION .,,1,971_029 31,907 16,474 77,487 1908,915 P1 HL lC SAFETY Municipal court 847 -- - 135 712 Haallb 3,435 13,482 - 1.979 14,938 Ponce 487,658 7.080 72,657 3.832 454,449 Fire _1,7W212 17,336 _ 119,812 _1,637736 TOTM-PUBLIC SAFETY 2,222,152 110,B98 72,657 _152_558 2,107,835 PUBLIC WORKS Street 18,004 230,557 59,785 (3,648) 363,024 SWrmwatee 88,437 29,515 31,695 J n,924 IOTA. PUBLIC, WOIIISS 257,041 260,072 91,480„ X15,3 t5 446.948 CAPITAL OUTLAY Gonmai capial imprwemenis 2,880,719 966251 58.85? 73,552 3,192,586 Park lmprc .menta 442,504 14,892 - _6,653 4W,743 TOTA_ CAPITA_ OLULAY 3,323,223 _981,143 580_852 80,205 3,643,309 TOTAL GENERAL. FDO=D ASSETS $10,0.5 ,1 750 $1 3934(_ $768,713 $437.1., 51 $10639 951 THIS PAGE INTENTIONALLY LEAK' BLANK. 122 GENERAL LONG-TERM DEBT ACCOUNT GROUP 121 THIS PAGE. INTENTIONALLY LEFT BLANK. I k I E k 0 124 1 City at Cape Girardeau, Missouri SCHEDULE OF CHANGES IN LONG—TERM DEBT FOR THE FISCAL YEAR ENDED JUNE 30, 1995 TOTAL GENERAL LONG—TERM DEBT $28519387 121 General General Long—term Debt July 1 1994 GENERAL LONG—TERM DEBT Additions Leasehold revenue bonds payable $13,404,198 Certificates of par0clpallon payable 3,545,000 General obligation bonds payable 3,715,000 General obligation refunding bonds payable 7,270,000 Accrued benefits 491,531 Due to other governments—State energy loan 93,658 TOTAL GENERAL LONG—TERM DEBT $28519387 121 General Long—term Debt Additions Retirements June 30 1995 $— $1,581,559 $11,822,639 — 85,000 3,460,000 — 3,715,000 - - 3,580,000 3,690,000 50,818 — 542,349 11,817 81,841 $50818 $8,973,376 $19596829 City of Cape Girardeau, Missouri STATEMENT OF GENERAL LONG—TERM DEBT JUNE 30, 1995 AMOUNTAVAILABLE AND TO BE PROVIDED FOR THE PAYMENT OF GENERAL LONG—TERM DEBT LEASEHOLD REVENUE BONDS Amount available In debt service fund $1,941,097 Amount to be provided 9,881 542 $11,822,639 CERTIFICATES OF PARTICIPATION Amount available in debt service fund 424,212 Amount to be provided 3,035,788 3,460,000 GENERAL OBLIGATION REFUNDING BONDS Amount available in debt service fund 542,572 Amount to be provided 3,147,428 3,690,000 ACCRUED BENEFITS Amount available in debt service fund — Amount to be provided 542,349 542,349 DUE TO OTHER GOVERNMENTS—STATE ENERGY LOAN Amount available In debt service fund — Amount to he provided 81,841 81,841 TOTAL AMOUNT AVAILABLE AND TO BE PROVIDED $19596829 GENERAL LONG—TERM DEBT PAYABLE Leasehold revenue bonds payable $11,822,639 Certificates of participation payable 3,460,000 General obligation refunding bonds payable 3,690,000 Accrued benefits 542,349 Due to other governments—State energy loan 81,841 TOTAL GENERAL LONG—TERM DEBT PAYABLE $19596829 lJ I STATISTICAL SECTION (Unaudited) The statistical section provides a broader understanding of the City by providing trend data and nonfinancial information useful in assessing the City's financial affairs. 127 THIS PAGE INTENTIONALLY LEFT' BLANK. I 1' I 0 I 128 1 Table 1 City of Cape Girardeau, Missouri General Governmental Expenditures by Function (1) Last Ten Fiscal Years Fiscal Administrative Development Parks and Public Public Debt Year Services Services Recreation Safety Works 3 Contingency Service Total 1985-86 $500,634 $517,245 $906,807 $3,989,507 $2,750,874 $111,014 $340,419 $9,116,500 1986-87 (2) 969,750 618,098 1,045,786 4,164,347 1,414,776 65,367 613,532 8,891,656 1987-88 1,055,997 718,982 1,134,990 4,451,365 1,299,737 55,044 977,739 9,693,854 1988-89 1,122,119 789,039 1,145,262 4,484,535 1,419,112 30,076 992,980 9,983,123 1989-90 1,208,801 753,686 1,177,098 4,770,819 1,462,438 42,730 1,153,562 10,569,134 1990-91 1,359,032 874,407 1,255,895 5,263,571 1,679,583 18,403 1,798,797 12,249,688 1991-92 1,361,523 975,018 1,268,511 5,505,939 1,561,428 133,774 2,727,401 13,533,594 r, 1992-93 1,397,690 1,011,153 1,334,538 5,825,410 1,467,013 20,569 2,736,573 13,792,946 1993-94 1,867,788 (4) 1,073,162 1,477,529 6,117,359 1,468,221 232,876 3,799,458 16,036,393 1994-95 2,115,694 1,119,984 1,549,005 6,440,889 1,709,219 123,390 10,430,005 (5) 23,488,186 (1) Includes general, special revenue, and debt service funds. (2) Effective July 1, 1986 the City converted to an accrual basis of accounting. (3) Beginning with the 1986-87 fiscal year the sanitation division became the solid waste fund in the enterprise fund. (4) First year to report airport operations as a special revenue fund from previous classification as an enterprise fund. (5) Proceeds from the 1987 General Obligation Refunding Bonds held through an Escrow Agreement were used to retire the remaining $3,510,000 of the 1984 Public Building Serial Bonds. Proceeds from the 1993 General Obligation Refunding Bonds held through an Escrow Agreement were used to retire $3,580,000 outstanding principal of the 1987 General Obligation Refunding Bonds. w 0 Table 2 City of Cape Girardeau, Missouri General Governmental Revenues by Source (1) Last Ten Fiscal Years (1) Includes general, special revenue, and debtservice funds. (2) Effective July 1, 1986 the City converted to an accrual basis of accounting, (3) The interdepartmental services revenue source was introduced in the 1990-1991 fiscal year. It accounts for internal services provided by the general fund and charged to capital project and enterprise funds. (4) First year to report airport operations as a special revenue fund from previous classification as an enterprise fund. 1 I I I I I 1 I I I I 1 I I I I I I 1 Licenses Charges Inter- Fines Fiscal and Inter- for departmental and Year Taxes Permits governmental Services Services (3) Forfeitures Miscellaneous Interest Total 1985-86 $6,125,518 $989,324 $1,311,304 $615,117 - $410,462 $54,019 $262,555 $9,768,299 1986-87(2) 7,385,553 457,610 974,332 344,819 - 330,026 158,083 230,662 9,881,285 1987-88 7,779,480 535,380 916,155 344,242 - 310,617 150,017 405,631 10,441,522 1988-89 8,155,960 528,555 942,439 395,404 - 359,979 113,631 607,861 11,103,829 1989-90 8,977,804 529,266 1,022,901 392,708 - 393,207 153,398 661,203 12,130,487 1990-91 9,782,247 578,505 1,041,474 389,136 $150,380 497,428 123,246 717,629 13,280,045 1991-92 10,111,747 649,617 1,047,869 425,402 196,777 530,768 101,095 654,111 13,717,386 1992-93 10,861,889 692,933 1,181,328 498,841 321,811 568,864 95,152 556,385 14,777,203 1993-94 11,594,887 741,703 1,709,722 (4) 557,611 (4) 461,434 577,296 244,699 (4) 765,179 16,652,531 1994-95 12,379,085 1,059,118 1,569,996 613,537 433,821 501,565 172,677 828,686 17,558,485 (1) Includes general, special revenue, and debtservice funds. (2) Effective July 1, 1986 the City converted to an accrual basis of accounting, (3) The interdepartmental services revenue source was introduced in the 1990-1991 fiscal year. It accounts for internal services provided by the general fund and charged to capital project and enterprise funds. (4) First year to report airport operations as a special revenue fund from previous classification as an enterprise fund. 1 I I I I I 1 I I I I 1 I I I I I I 1 T.U. 2n City of Cape Girardeau, Missouri Gen oral Govem mental Tax Revenues by Source I Fl.cd Year. (1) F rst year of tsx. (2) Indu des $129,281 of Protested resteu rent tax It, at was rd eased. Rei road Reel Persond and Panally - Fiscal Estm. Property Spec. Business Uti iy Fren chis. In tan "U Sees Cigarette Delinquent Delinquent Restaurant Hotel/Motel Ys.r Tex Tex Tax Tex Tex Tex Tax Tax Tex Tex Tax Tex Total 1985-86 $506,002 $99,631 $11,072 $63,797 $1,551,439 $1,762 $3,738,450 $137,660 $13,685 - - - $6,125,518 1986-87 687,772 138,369 11,934 88,856 1,745,640 12,161 4,014,984 138,729 16,411 $10,437 $337,380 (1) $182,880 (1) 7,385,553 1987-88 702,997 143,559 12,489 87,012 1.ffoi' 46 79,846 4,192,724 142,686 23,458 12,634 337,607 203.422 7,09,460 1988-69 709,868 141,992 11,081 88,116 1,973,839 30,578 4,474,412 132,029 27,049 11,592 336,728 219,676 8,155,960 1989-90 74,681 151,091 13,683 89,514 1,982,434 49,115 5,178,744 13.468 27,463 13,172 347,168 238,271 8,977,804 1990-91 759,724 142,393 12,854 89,515 1,972,454 48,904 5,972,714 138,787 46,862 9,&51 3W,589 238,600 9,782,247 1991-92 784,970 185,615 12,725 93,185 2,072,360 47,772 6,114,747 130,876 34,687 12,950 373,492 M,368 10,111,747 1992-93 821,142 193,752 14,153 97,022 2,183,015 13,672 6,543,935 143,316 26,511 11,607 545,949(2) 261,615 10,861,889 1993-94 853,248 223,000 13,693 85,180 2,273,386 30,280 7,136,046 132,980 56,030 13,742 474,739 2M,563 11,594,887 w 1994-95 926,456 247,457 13,474 90,368 2,153,064 20,455 7,874,994 141,142 40,694 13,064 551,716 30.001 12,379,085 (1) F rst year of tsx. (2) Indu des $129,281 of Protested resteu rent tax It, at was rd eased. Table 3 City of Cape Girardeau, Missouri Ratio of Unreserved Fund Balance to Annual General Fund Expenditures Last Ten Fiscal Years (1) Effective July 1, 1986 the City converted to an accrual basis of accounting. (2) First year to reserve for long—term advances in the general fund. The amount of $898,713 for advances was reserved in the 1989-90 fiscal year. Ratio of Unreserved Fund Unreserved General Balance to Fiscal Fund Fund General Fund Year Balance Expenditures Expenditures 1985-86 — $8,410,612 — 1988-87 (1) $2,852,584 7,063,570 40.4% 1987-88 3,124,149 7,577,762 41.2 1988-89 3,088,528 7,382,098 41.8 1989--90 1,992,935 (2) 7,881,702 25.3 1990-91 2,464,301 8,714,069 28.3 1991--92 1,420,082 9,136,541 15.5 1992-93 1,990,374 9,971,064 20.0 1993-94 2,706,048 10,601,281 25.5 1994--95 3,389,310 11,266,151 30.1 (1) Effective July 1, 1986 the City converted to an accrual basis of accounting. (2) First year to reserve for long—term advances in the general fund. The amount of $898,713 for advances was reserved in the 1989-90 fiscal year. Table 4 City of Cape Girardeau, Missouri Property Tax Levies and Collections (1) Last Ten Fiscal Years (1) Includes general, health special revenue, and debt service funds. (2) Effective July 1, 1986 the City converted to an accrual basis of accounting, Ratio of Ratio of Total Current Percent of Delinquent Total Total Tax Outstanding Delinquent Taxes Fiscal Tax Tax Current Taxes Tax Tax Collections to Delinquent to Total Year Lew Collections Collected Collections Collections Total Tax Lew Taxes Tax Lew 1985-86 $694,484 $671,430 96.7% $13,685 $685,115 98.7% $54,768 7.9% 1986-87 (2) 929,087 914,997 98.5 16,411 931,408 100.2 53,605 5.8 1987-88 948,762 933,568 98.4 23,458 957,026 100.9 37,768 4.0 1988-89 967,235 938,978 97.1 27,049 966,027 99.9 27,645 2.9 F- 1989-90 1,018,061 989,286 97.2 27,463 1,016,749 99.9 31,950 3.1 w 1990-91 1,040,879 990,631 95.2 46,862 1,037,493 99.7 39,124 3.8 1991-92 1,084,642 1,063,768 98.1 34,687 1,098,455 101.3 58,707 5.4 1992-93 1,136,655 1,117,914 98.4 26,511 1,144,425 100.7 64,251 5.7 1993-94 1,216,769 1,191,429 97.9 56,030 1,247,459 102.5 39,987 3.3 1994-95 1,289,903 1,264,281 98.0 40,894 1,305,175 101.2 46,970 3.6 (1) Includes general, health special revenue, and debt service funds. (2) Effective July 1, 1986 the City converted to an accrual basis of accounting, City of Cape Girardeau, Missouri Assessed and Estimated Actual Value of Property (1) Lest Ten Fiscal Years (1) Property within the City is assessed by the Cape Girardeau County Assessor. The Missouri Revised Stables require property to be assessed at the fallowing percentages of estimated appraised value: personal property, 331/3%; commercial real estate, 32%; residential real estate, 19%; and agricultural real estate, 12%. Currently all real estate within the City Is revalued by the County Assessor every two years. (2) The estimated actualvalue for railroad and utilhies Is based upon state and local assessments of 32% for commercial real estate and 33 1/3% for personal property. Table 5 Ratio of Total Assessed Value Estimated Railroad Actual Value Actual Value Real Property 25,36 % Personal Property and Utilities T Fiscal Assessed Estimated Assessed Estimated Assessed Estimated Assessed Year Value Actual Value Value Actual Value Value Actual Value (2) Value 1956-66 $156,605,360 $660,574,972 $28,628,085 $85,892,844 $19,026,515 $58,870,837 $204,259,960 1906-87 161.046,740 679,354,504 29,644,440 88,942,214 20,464,762 63,303,666 211,155,942 1987-88 165,169,530 695,638,943 29,846,401 89,548,158 20,611,933 63,749,439 215,627,864 1988-89 168,896,360 712,464,089 30,598,682 91,805,227 20,331,289 62,861,839 219,826,331 1989-90 177,847,160 758,796,447 32,833,100 98,509,151 20,697,281 63,949,694 231,377,541 1990-91 181,700,520 781,218,704 34,178,924 102,547,027 2003,803 63,844,663 236563,247 1991-92 184,638,910 800,147,228 40,378,970 121,149,025 21,491,906 66,308,774 246509,786 1992-93 188,596,010 817,839,873 42,075,080 126,237,863 21,918,755 68,043,238 252,589,845 1993-94 195,809,200 852,174,495 45,126,875 135,394,164 17,950,900 55,617,612 258,886,975 1994-95 203,600,210 885,796,434 51,733,340 155,215,541 19,113,775 59,180,091 274,447,325 (1) Property within the City is assessed by the Cape Girardeau County Assessor. The Missouri Revised Stables require property to be assessed at the fallowing percentages of estimated appraised value: personal property, 331/3%; commercial real estate, 32%; residential real estate, 19%; and agricultural real estate, 12%. Currently all real estate within the City Is revalued by the County Assessor every two years. (2) The estimated actualvalue for railroad and utilhies Is based upon state and local assessments of 32% for commercial real estate and 33 1/3% for personal property. Table 5 I 1 1. 1 1 I I I l 1 I I I I I 1 I I 1 Ratio of Total Assessed Value Estimated To Total Estimated Actual Value Actual Value $805,338,653 25,36 % 831,600,384 25.39 848,936,540 25.40 867,131,155 25.35 921,255,292 25.12 947,610,394 24.96 987,605,027 24.96 1,012,120,974 24.96 1,043,186,271 24.82 1,100,192,066 24.95 I 1 1. 1 1 I I I l 1 I I I I I 1 I I 1 r r Table 6 City of Cape Girardeau, Missouri Property Tax Rates Direct d Overlapping Governments (1) Last Ten Fiscal Years School District 2.34 2.36 2.46 2.92 2.84 2.83 2.85 2.87 2.87 2.86 County Tax Rates Road/Bridge 0.25 0.25 0.25 Fiscal Year Ending June 30 0.25 0.25 0.26 0.26 1986 1987 1986 1989 1990 1991 1992 1993 1994 1995 City Tax Rates: 0.07 0.07 Sheltered Workshop 0.07 0.07 0.07 0.07 0.07 0.07 0.07 City Revenue $0.30 $0.30 $0.30 $0.30 $0.30 $0.30 $0.30 $0.31 $0.32 $0.32 Debt Service - 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 Health 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.05 0.05 Library 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.15 0.16 0.16 Total City Tax Rate 0.48 0.58 0.58 0_68 0_58 0_58 0_58 0_60 0_63 0_63 School District 2.34 2.36 2.46 2.92 2.84 2.83 2.85 2.87 2.87 2.86 County Tax Rates Road/Bridge 0.25 0.25 0.25 0.25 0.25 0.25 0.26 0.26 0.27 0.27 Mental Health 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 Sheltered Workshop 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 Senior Citizen - - - - - - 0.05 0.05 0.05 0.05 County Health 0_10 0_10 0.10 0_10 0.10 0.10 0.10 0.10 0.10 0_10 Total County Tax Rate 0_49 0_49 0_49 0.49 0.49 0_49 0_55 0_55 0_56 0.56 State 0.03 0.03 0.03 0.03 0.03 0.1%; (71,09 I R 1 Or 0 1Y Total Tax Ratio for all Overlapping Governments $3.34 $3.46 $3.56 .02 $3.94 $3.93 $4_01 05 $4.09 $4_08 (1) All tax rates are presented per $100 of assessed valuation. 135 Table 7 City of Cape Girardeau, Missouri — Principal Taxpayers June 30, 1995 Percentage of 1994 Assessed Total Assessed Taxpayer Type of Business Valuation Valuation Lone Star Industries Cement manufacturer $5,926,510 2.16% — Dana Corporation Auto part manufacturer 5,718,690 2.08 West Park Partners, LP Retail leasing 3,893,710 1.42 — Mid—America Hotels Hotel industry 2,481,550 0.90 Health Services Corp. of America Group medical supplies purchasing firm 2,241,160 0.82 Wal—Mart Stores, Inc. Retail discount store 1,980,375 0.72 e Cape Retirement Community, Inc. Retirement homes 1,658,010 0.60 West Park Associates Retail leasing 1522,290 0.55 — Drury Inns Incorporated Hotel industry 1,472,640 0.54 LC Realty Incorporated Retail discount store—Lowes 1 346 700 0.49 — $28,241.635 10_30 % 136 Table 8 +� City of Cape Girardeau, Missouri Computation of Legal Debt Margin June 30, 1995 r Assessed Value $274,447,325 r Legal Debt Margin: Debt limitation -20 percent of total assessed value $54,889,465 Debt applicable to limitation: Total bonded debt $3,690,000 Less: Debt service available for repayment of general obligation bonds 542,572 ,. Total debt applicable to limitation 3,147,428 Legal Debt Margin $51,742,037 r 137 Table 9 City of Cape Girardeau, Missouri Ratio of Net General Obligation Bonded Debt To Assessed Value and Net General Obligation Bonded Debt Per Carats Lest Ten Fiscal Years (1) Data provided by the Missouri Census Data Cerner. Fiscal year 1990 is based on the U.S. Census Bureau 1990 final census. Other years are based on Bureau of the Census local population estlmate reports. (2) From Table 5. (3) Gross bonded debt does rat include revenue bonds. (4) Amount available to service the general obligation bonds. (5) Proceeds from the 1987 General Obligation Refunding Bonds held lhmugh an Escrow Agreement were used to retire the remaining $3.510,000 of the 1984 Public Building Seral Bonds after principal payment on November 1, 1994. Proceeds from the 1993 General 01,I1ga0on Refunding Bonds held thmugh an Escrow Agreement were used to retire the $3,580,000 outstanding principal of the 1987 General Obligation Refunding Bonds on November 1,1994 (6) Population estimate prodded by the Clry Planning Department. Rmlo of Net Bonded Gross Less Debt Debt Payable Net Debt to Net Bonded Fiscal Assessed Bonded Service tram Escrow Bonded Assessed Debt per Year Population(1) Value Debt (3) Fund (4) Accoum(5) Debt Value Cepiw 1985-86 34,360 $2(14,259,960 $4,895,000 $18,922 — $4,876,078 2.39 % $142 1986-87 34,360 211,155,942 4,71 379,805 — 4,400,195 2.08 128 1981-88 34260 215,627,864 8,240,000 213,857 $3510,000 4,516,143 2.09 132 1988-89 34260 219,826,331 8,110,000 433,777 3,510,000 4,166,223 1.90 122 1969-90 34,438 231,377541 7,970,000 55,603 3.51 B= 3,909,397 1.69 114 1990-91 34.438 236,563247 7,820,000 556,832 3,510,000 3,751,168 1.59 109 1991-92 35,047 246,509,786 7,601 598,376 3,510,000 3,551,624 1.44 101 1992-93 35,097 252,589,845 11,175,000 409,461 7.09,000 3,675,539 1.46 105 1993-94 35500 258,886,975 10,985,000 269,498 7,090,000 3,625,502 1.90 102 1994-95 35,936 (6) 274,447,325 3,6X),000 542,572 — 3,147,428 1.15 88 (1) Data provided by the Missouri Census Data Cerner. Fiscal year 1990 is based on the U.S. Census Bureau 1990 final census. Other years are based on Bureau of the Census local population estlmate reports. (2) From Table 5. (3) Gross bonded debt does rat include revenue bonds. (4) Amount available to service the general obligation bonds. (5) Proceeds from the 1987 General Obligation Refunding Bonds held lhmugh an Escrow Agreement were used to retire the remaining $3.510,000 of the 1984 Public Building Seral Bonds after principal payment on November 1, 1994. Proceeds from the 1993 General 01,I1ga0on Refunding Bonds held thmugh an Escrow Agreement were used to retire the $3,580,000 outstanding principal of the 1987 General Obligation Refunding Bonds on November 1,1994 (6) Population estimate prodded by the Clry Planning Department. Table 10 City of Cape Girardeau, Missouri Ratio of Annual Debt Service Expenditures For General Obligation Bonded Debt (1) ` to Total General Governmental Expenditures Last Ten Fiscal Years r r r (1) Debt defeasance transactions from the general obligation refunding bonds have been excluded. (2) Excludes bond issuance and other costs. (3) Includes general, special revenue, and debt service funds. 1 39 Total Ratio of Total General Debt Service to Fiscal Debt Governmental General Governmental Year Principal Interest (2) Service Expenditures (3) Expenditures 1985-86 $250,000 $268,032 $508,032 $9,116,500 5.6% 1986-87 115,000 497,760 612,760 8,891,656 6.9 1987-88 120,000 483,660 603,660 9,693,854 6.2 1988-89 130,000 468,660 598,660 9,983,123 6.0 ,. 1989-90 140,000 452,460 592,460 10,569,134 5.6 1990-91 150,000 435,060 585,060 12,249,688 4.8 1991-92 160,000 416,460 576,460 13,533,594 4.3 1992-93 175,000 396,360 571,360 13,792,946 4.1 1993-94 190,000 377,073 567,073 16,036,393 3.5 1994-95 205,000 389,320 594,320 23,488,186 2.5 r r r (1) Debt defeasance transactions from the general obligation refunding bonds have been excluded. (2) Excludes bond issuance and other costs. (3) Includes general, special revenue, and debt service funds. 1 39 140 Table 11 Cay of Cape Girardeau, Missouri Computation of Direct and Overlapping Bonded Debt General Obligation Bonds June 30, 1995 Net General Percentage Obligation Applicable Amount Borded Debt to Applicable Jurisdiction Outstanding Government to Government Direct: City of Cape Girardeau $3,147,428 100.00% $3,147,428 Overlapping: School District County Total $3,14__7,42& $3,147,428 140 City of Cape Girardeau, Missouri Revenue Bono Coverage Sewer Fund Last Ten Fiscal Years Net Revenue Fiscal Gross Operating Available for Year Revenues (1) Expenses (2) Debt Service 1985-86 - - - 1986-87 $1,605,344 $788,172 $817,172 1987-88 1,279,805 902,246 377,559 1988-89 1,347,010 922,194 424,816 1989-90 1,545,702 951,870 593,832 1990-91 2,216,204 1,159,386 1,056,818 1991-92 1,982,273 1,022,360 959,913 1992-93 2,268,065 1,016,684 1,251,381 1993-94 2,478,541 1,065,927 1,412,614 1994-95 2,734,117 1,100,908 1,633,209 (1) Total revenues (including interest) exclusive of tap fees. (2) Total operating expenses exclusive of depreciation. 141 Debt Service Requirements Principal Interest Total $25,000 $111,798 $136,798 25,000 109,548 134,548 30,000 107,298 137,298 30,000 104,597 134,597 35,000 101, 897 136,897 40,000 181,935 221,935 45,000 261,721 306,721 20,000 208,574 228,574 140,000 254,288 394;288 Table 12 Coverage 5.97 2.81 3.09 4.41 7.72 4.33 4.08 6.18 4.14 City of Cape Girardeau, Missouri Revenue Bond Coverage Water Fund (1) Last Ten Fiscal Years (1) The water utility system was purchased on June 3, 1992. (2) Total revenues (including interest) exclusive of tap fees. (3) Total operating expenses exclusive of depreciation. 142 Table 13 Coverage 1.91 1.37 1.22 Net Revenue Debt Service Requirements Fiscal Gross Operating Available for Year Revenues (2) Expenses (3) Debt Service Principal Interest Total 1985-86 — — — — — — 1986-87 — — — — — — 1987-88 — — — — — — 1988-89 — — — — — — 1989-90 — — — — — — 1990-91 — — — — — — 1991-92 $316,400 $346,271 ($29,871) — — — 1992-93 3,520,448 2,242,601 1,277,847 — $667,414 $667,414 1993-94 3,634,153 2,556,518 1,077,635 $25,000 760,345 785,345 1994-95 3,892,461 2,829,225 1,063,236 115,000 759,283 874-,283 (1) The water utility system was purchased on June 3, 1992. (2) Total revenues (including interest) exclusive of tap fees. (3) Total operating expenses exclusive of depreciation. 142 Table 13 Coverage 1.91 1.37 1.22 Table 14 Cay of Cape Girardeau, Missouri Demographic Statistics Last Ten Fiscal Years r (1) From Table 9. (2) Data provided by the Cape Girardeau Public Schools for grades K-12. (3) Data provided by the Missouri Division of Employment Security — Research and Analysis Department w r r r r 143 Public Fiscal School Unemployment Year Population (1) Enrollment (2) Pate 1985-86 34,360 4,183 5.0% 1986-87 34,360 4,239 5.1 1987-88 34,260 4,340 5.2 1988-89 34,250 4,335 4.8 1989-90 34,438 4,332 6.1 1990-91 34,438 4,418 6.7 1991-92 35,047 4,369 6.1 1992-93 35,047 4,498 6.5 1993-94 35,500 4,423 4.7 1994-95 35,936 4,388 4.2 r (1) From Table 9. (2) Data provided by the Cape Girardeau Public Schools for grades K-12. (3) Data provided by the Missouri Division of Employment Security — Research and Analysis Department w r r r r 143 Table 15 City of Cape Girardeau, Missouri Property Value and Construction Lest Ten Fiscal Years (1) Estimated actual value from Table 5. (2) Source: Based on building permits used an a calendar year basis by the office of Planning Services in which values are estimates of the coat of construction provided at the him a of permit issuance. 144 Proporry Velua (1) Nonresidential Residential Con stinctien l2) Construction yiy e Fiscal Number of Numberof Year Agricultural Residential Commercial Totalep rmits Valueeo rmits Value 1985-86 $2,479,583 $417,559,342 $240,536,047 $660,574,972 85 $13,983,825 317 $8,831,988 1986-87 2,690,167 429,374,368 247,339,969 679,354,504 111 10,190,401 438 12,273,129 1987-88 2,008,917 438,716,526 254,913,500 695,638,943 122 10,298,895 307 9,251,568 1988-89 1,926,825 451,590,642 258,946,622 712,464,089 137 12,924,054 338 12,067,087 r 1989-90 1,856,833 496,894,895 260,044,719 758,796,447 137 12,648,884 143 8,318,426 1990-91 1,935,917 522,325,368 256,957,419 781,218,704 149 17,252,328 147 8,373,182 1991-92 8,180,334 536,708,737 255,258,157 e0Q 147,228 162 23,142,653 209 8,553,435 1992-93 10,345,417 546,489,737 261,004,719 817,839,873 128 34,246,809 245 13,429,310 1993-94 9,913,250 576,184,526 266,076,719 852,174,495 120 18,341,402 253 14,545,917 1994-95 9,304,000 600,356,684 276,135,750 885,796,434 132 18,570,867 299 19,376,681 (1) Estimated actual value from Table 5. (2) Source: Based on building permits used an a calendar year basis by the office of Planning Services in which values are estimates of the coat of construction provided at the him a of permit issuance. 144 w r Cary of Cape Gir a door, Missmn Miscellaneous Statistics June W. 1 � Table 16 r Date of Incorporation 1805 Form of Government CoundiNllaraw Number of employees (exolaling police and fire)'. r, Classifled 254 Exempt 25 Area In square miles 24.4 Miles of streets 2007. Average miles of steel conso'icton par year 2.52 r City of Caps Glrardoau facllN as and services: Cult re and Recreation: Parks 24 r Pak sausage 616 Goll merses 1 SN"ming pcois 2 Liberia. 1 Convention facillees 1 r Fie Protactoo: Number of stations 4 .. Number of fie personnel anb officers 57 Number of emorgencyresponse calls - 2.387 r Numbs' of Inspections conducted 381 Police Protection: Numbs of stations 1 1 Number of police personnel and olfiras Be, Number of law Wolataons: r Adult arraso 3,016 Traffic summonses 4,690 •. Parking Nolatlons 2,025 Sewerage System: r Miles of sanitary sewers 186.4 Average tulles of sews line construcron par year 3.4 Number of treatment plants 1 Daily revs age YeaMean In mllllon gallons 4.5 M mum rally capacity, of treatiner4 piam In million gallons 18 r Water System: Aveage number of customers 14,170 • Mll as of waw main s 215.5 Average miles of water main construction per year 2.7 r Number of new slants omnections 262 Dally average consumption In million gallons 4.7 _ Mabmum belly cal sclty of plane In million gallons 7.3 r Faclllties antl serNws not Included N the rapartng entlry: Fi]ucatlon' Number of elementary schools • Public 6 Private 4 r Numtar of elementary, public school lnsructrs 91 Numbs of secondary schools Public 1 Private 1 r Number of secondary public school Instructors 140 Numher of univasNes 1 Filspitals: Number of rospitals 2 `CHIS PAGE INTENTIONALLY LEFY BLANK. 144, I L rl SINGLE AUDIT SECTION 147 01 THIS PAGE INTENTIONALLY LEFF BLANK. i k 148 1 Begley, Janssen, Young & Birk CERTIFIED PUBLIC ACCOUNTANTS 2103 THEMIS ST. - CAPE GIRARDEAU, MISSOURI 63201 - TELEPHONE (314) 334-2845 - FAX (314( 334-4338 PARTNERS JOHN R. JANSSEN, CPA JENNIFER WESTRIC11 z TERRY R. BEGLEY, CPA INDEPENDENT AUDITORS' REPORT ON SCHEDULE OF GRADY s. MARTIN LAWRENCE E YOUNG. CPA FEDERAL FINANCIAL ASSISTANCE KELVIN W. DIRK. CPA ` Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri r We have audited the general purpose financial statements of the City of Cape Girardeau, Missouri for the year ended June 30, 1995, and have issued our report thereon dated October 20, 1995. These general purpose financial statements are the responsibility of City of Cape Girardeau, Missouri's management. Our responsibility is to ` express an opinion on these general purpose financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards and Government Auditing Standards, issued by the Comptroller General of the United States, and the provisions of ! Office of Management and Budget Circular A-128, "Audits of State and Local Governments. 11 Those standards and ONE Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the general purpose financial statements. An audit also includes ° assessing the accounting principles used and significant estimates r made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. r Our audit was conducted for the purpose of forming an opinion on the general purpose financial statements of the City of Cape Girardeau, Missouri taken as a whole. The accompanying schedule of federal financial assistance is presented for purposes of additional analysis and is not a required part of the general purpose financial statements. The information in that schedule has r been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is fairly presented in all material respects in relation to the ` general purpose financial statements taken as a whole. BEGLEY, JANSSEN, YOUNG & BIRK Cape Qirardeau, MissoHri ` October 20, 1995 149 C11y of cape Grardeall Misa.. rc.,SCNi0UL4 OF FEDERALFINANCIAL ASSISTANCE June 30, 1995 Federal CMA¢ ,.gram Balance Revenue DSsbure ¢menta/ Balance Fudera] ,9 anCor Pass Throu.h G[an mr/T1cle Number Amount -- July 1. 1994 Recce'me E eandi ,tae Ju.ee JC 1995 Hain: Pro.rams: Depart—ot .`.Oefenae Army "ofro of Dngina err -end Con.: of ProJee 12.106 E 116,110.1391 E E 393.613 $II,:OJ.l2l1 Ta:al O.S. Department of Defense 16,110.114) 393.613 (7,103.7211 'apartmentof nspo[ Fe Avta Clo Ado lnaftrcllo0 Srport L'p[nvemmot Program 3 29-0013-04 20.106 530.957 1 86,0501 15,646 17.385 51.7891 1rp. [C L.prov...at Program 3 29 0013 05 20.106 420,599 ( 693,1091 25,920 44.141 622,4221 ]:port improvement Program 3-290013 07 20.106 262,209 l 20,3701 154,829 26,196 100.255 A,... t Fire Protection AIR 935.77A 20.106 210.989 205,053 227,036 22,7031 Toral Depar men[ of C,ansp.11olion Half, Programs 1 717.537) 4D0,956 316,156 I 612, 7'9� Toca1 - Major Programs (1.427,651) 400,056 109.771 (7,736,4661 ID Department of Nnuaing and Oban Development Passed Lhmegh Mva... i Department of .... at -c0e¢v¢1.pmenL Block Oran, ry 92 ND 16 14.219 460,000 ( 742,375) 43,084 41,101 ( 740,3921 If .. 11 14.219 :20,100 600) DID, 000 120,237 8371 93 EM 10 14.219 105, DOD 1 12,162) 36,722 39,924 1 15,9641 D4ND -02 14.219 385,523 1 - 1 14.000 14,000 ( 94 NR 1_1 14.219 155,0DC f ) 12,136 12,136 ( : Rehab 29 14.23L 111,010 10.501) 04,941 91.029 :0.5951 ) F.p.c Pa rredath.-ou gh Mlrao url Deparcmen[ of Soc1a1 Servl res M-...0 _.c:S enq' Sheller Oran[ 14.211 .1,000 1 11.000 11.000 I ) and Urban Development 766,2441 301,783 391,327 175,7BB; Dcpartacn[ of :' nsp. [cation Tecta rl Avl ta AM1nlSttaclan : Traff csarvlces 740,919 :71.390 17:,390 CS rough Miasou.. Oepa,Cment .f Public Safety csed ape Olrardeae County community Traffic Safety Program IF1'94) 20.600 104, U5 20,101) 51,002 58,110 1 21.097) Cape 01raraeau eountY C.—unity :af He Safety Pmg,am (FY'95) 20.600 05,150 36,996 49,846 ( 12,0501 Team SPICit Conference 94 YA 03-17 20.601 2. DOD - 1,682 1.682 Team Spirit Conference 95-YA 03-17 20.601 30,000 - S. SID 5,510 Parsed Through Che Mlsrou,l Hlghvay and T[ansportaclon Depa[roret Off 9yacem Bridge Replacement and Rehabllltation Program Hopper Road Bridge - Project BRO BRN-D16(18) 20.205 32,608 I 14,618) 6,224 752 ( 9, 2D61 Boone 74 Utility Relocation Pm Ject J000412C 20.205 30,039 30,039 30,039 Pr03ect J000412B 20.205 16,964 16,964 31.924 ( 19,960) Poblic T..i Coupon 2[anepo[[aC1Dn Rotor. MO 18 %014 4CG 20.509 75,D07 ( 165) 75, D07 244.388 ( 165,546) HO 10 %015-4CC 20.509 02,070 881 1 8811 Total O.S. Department of Tranapor[a[lon are MRjo[ Program ( 35,024) 395,614 595.130 ( 234,5401 City of Cape Girardeau, Missouri SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE June 30, 1995 Federal CFDA Program Balance Revenue Disbursements/ Balance Federal Granor/Pass Thl.ddh Granter/Title Number Amount July 1, 1994 Recognized Expenditures a 3P. Department of Education Passed through Missouri Dapartmebt of Education Passed through Cape G .edea, Public Schools Drug Free Schoels Progtam 84.186 61000 - 6,000 14,946 .,9461 Passed through Missouri State Library Bab, Bags Grant 84.0344 5,060 5.060 51061 1 ,tet Center Grant 84.034A 4,781 41618 5.123 4:5' Total D... cP.nl of Education 15,130 25,130 1 9._'921 Department of Jvstice Passed through Missouri Department of Public Safety Vactims of Crime Act (FY'94) 16.575 7,125 ( 110681 1.439 1.795 :.424". .lctlmc of Cnee Act (FY'95) 16.575 6,250 3.004 3.941 f 937' Iota! V.S. Department of Justice ( 1, D681 4,443 5.1)6 2.361 Department of the Interior Federal Em.,Deicy Managemant Agenry Emergency Assistance 83.516 - 1 10,1931 44,197 52,702 ( le,0901 Eevil.nmentsl Protection Agency Passed Through Mlssgu rl D.Ielt... t of Natural Resources G94 CSO -02 33,962 1 1721 2,460 2.460 f 172'. r� Tota: V.S. Department of Interior f 30,3651 S7,251 55.162 ( le,270'. Department of Commerce Passed through the Economic Develop.. t Admtniell.l.t Nastevater Treatment Plant ProJect-05 4961204 11.307 392,000 49,022 65,362 1 1E, 3401 Nacer Plant pl-Project 0519-61203 11.307 729,750 3,488 4.651 1 1.!631 Sprigg St, Elevation -Project IS 19 61055 11.307 425,750 23,842 31.709 1 9.9471 Total Department of Cotuterce 76,3S2 101.802 1 25,4501 Total Nor Halor Programs 812,7011 921,167 1,174,287 (11065,8011 TOTAL FEDERAL FINANCIAL ASSISTANCE (8,240,3521 1,322.143 11884,050 18,802,2671 Begley, Janssen, Young & Birk CERTIFIED PUBLIC ACCOUNTANTS 2103 THFMIS SI GAPE GIRARDEAU, MISSOURI 83701- TIFF FPHONE(314) 3342845 - FAX (314)334-4338 PARTNERS JOHN R. JANSSEN, CPA JENNIFER WESTRICII TERRY R. BEGLEY. CPA GRADY S. MARTIN LAWRENCE E YOUNG, CPA KELVIN W. BIRK, CPA INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL STRUCTURE BASED ON AN AUDIT OF GENERAL PURPOSE FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri We have audited the general purpose financial statements of the City of Cape Girardeau, Missouri for the year ended June 30, 1995, and have issued our report thereon dated October 20, 1995. we conducted our audit in accordance with generally accepted auditing standards and Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require _ that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. The management of the City of Cape Girardeau, Missouri is responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, estimates and -- judgments by management are required to assess the expected benefits and related costs of internal control structure policies and procedures. The objectives of an internal control structure _ are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, and that transactions are executed in accordance with management's authorization and recorded properly — to permit the preparation of financial statements in accordance with generally accepted accounting principles. Because of inherent limitations in any internal control structure, errors or _ irregularities may nevertheless occur and not be detected. Also, projection of any evaluation of the structure to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the effectiveness of the design _ and operation of policies and procedures may deteriorate. In planning and performing our audit of the general purpose financial statements of the City of Cape Girardeau, Missouri for the year ended June 30, 1995, we obtained an understanding of the internal control structure. With respect to the internal control structure, we obtained an understanding of the design of relevant policies and procedures and whether they have been placed in operation, and we assessed control risk to determine our auditing procedures for the purpose of expressing our opinion on the general -- 152 r r INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL STRUCTURE BASED ON AN AUDIT OF GENERAL PURPOSE FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS - CONTINUED r purpose financial statements and not to provide an opinion on the r internal control structure. Accordingly, we do not express such an opinion. Our consideration of the internal control structure would not ` necessarily disclose all matters in the internal control structure that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material r weakness is a condition in which the design or operation of one or more of the internal control structure elements does not reduce to a relatively Low level the risk that errors and irregularities in ` amounts that would be material in relation to the general purpose financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving ` the internal control structure and its operation that we consider to be material weaknesses as defined above. r However, we noted certain matters involving the internal control structure and its operation that we have reported to the management of the City of Cape Girardeau, Missouri in a separate letter dated r October 20, 1995. This report is intended for the information of the City Council and management of the City of Cape Girardeau, Missouri. This r restriction is not intended to limit the distribution of this report, which is a matter of public record. r BEGLEY, JANSSEN, YOUNG & BIRK PAW - Cape G rardeau, MiSsou October 20, 1995 1.53 Begley, Janssen, Young & Birk CERTIFIED PUBLIC ACCOUNTANTS J103 uIFkI9 SI: - @PL GVAHDEAU, MISSOURI 63701 - TELEPHONF (314) 334-2045 - FAX (314) 354-4330 PARTNERS JOHN R JANSSEN, GPA JENNIFER WESTRICH TERRY R. BEGLEY, CPA GRADY S. PARI IN IAWNENCE E. YOUNG, CPA INDEPENDENT AUDITORS' REPORT ON COMPLIANCE KELwN W. KIRK. CPA BASED ON AN AUDIT OF GENERAL PURPOSE FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri We have audited the general purpose financial statements of the _. City of Cape Girardeau, Missouri as of and for the year ended June 30, 1995, and have issued our report thereon dated October 20, 1995. We conducted our audit in accordance with generally accepted auditing standards and Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. Compliance with laws, regulations, contracts, and grantsapplicable to the City of Cape Girardeau, Missouri is the responsibility of the City of Cape Girardeau, Missouri's management. As part of obtaining reasonable assurance about whether the general purpose financial statements are free of material misstatement, we performed tests of the City's compliance with certain provisions of laws, regulations, contracts, and grants. However, the objective of our audit of the general purpose financial statements was not to provide an opinion on overall compliance with such provisions. Accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government Auditing -� Standards. This report is intended for the information of the City Council and management of the City of Cape Girardeau, Missouri. This restriction is not intended to limit the distribution of this report, which is a matter of public record. _. BEGLEY, JANSSEN, YOUNG & BIRK 0. FQv(�)&q/� �, yw T - cape Gi`Yardeau, Missou October 20, 1995 .. 154 _ r Begley, Janssen, Young & Birk CERTIFIED PUBLIC ACCOUNTANTS r 2103 THEMIS ST -CAPE GIRAROEAU. MISSOURI 63701 TELEPHONE (314) 304-2045- FAX (314)304-0398 PARTNERS r JOHN R_JANS$EN, CPA JENNIFER WESTRIGII TERRY R. DEGLEY CPA GRAVY S. MARLIN 1AWRENCE E. YOUNG. CPA r KELVIN W. FIRM. CPA INDEPENDENT AUDITORS' REPORT ON THE INTERNAL CONTROL STRUCTURE USED IN ADMINISTERING FEDERAL FINANCIAL ASSISTANCE PROGRAMS Honorable Mayor and Members of the City Council r City of Cape Girardeau, Missouri we have audited the general purpose financial statements of the City of Cape Girardeau, Missouri, for the year ended June 30, 1995, and have issued our report thereon dated October 20, 1995. We have also audited the City of Cape Girardeau, Missouri's compliance with requirements applicable to major federal financial assistance programs and have issued our report thereon dated October 20, 1995. We conducted our audits in accordance with generally accepted ` auditing standards; Government Auditing Standards, issued by the Comptroller General of the United States; and Office of Management and Budget (OMB) Circular A-128, Audits of State and Local r Governments. Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of r material misstatement and about whether the City of Cape Girardeau, Missouri, complied with laws and regulations, noncompliance with which would be material to a major federal financial assistance program. In planning and performing our audits for the year ended June 30, 1995, we considered the City's internal control structure in order ,. to determine our auditing procedures for the purpose of expressing our opinions on the City's general purpose financial statements and on its compliance with requirements applicable to major programs r and to report on the internal control structure in accordance with OMB Circular A-128. This report addresses our consideration of internal control structure policies and procedures relevant to compliance with requirements applicable to federal financial r assistance programs. we have addressed internal control structure policies and procedures relevant to our audit of the general purpose financial statements in a separate report dated October 20, 1995. The management of City of Cape Girardeau, Missouri, is responsible for establishing and maintaining an internal control structure. In ` fulfilling this responsibility, estimates and judgements by management are required to assess the expected benefits and related costs of internal control structure policies and procedures. The 15 `i INDEPENDENT AUDITORS' REPORT ON THE INTERNAL CONTROL STRUCTURE USED IN ADMINISTERING FEDERAL FINANCIAL ASSISTANCE PROGRAMS - CONTINUED objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, that transactions are executed in accordance with management's authorization and recorded properly to permit the preparation of general purpose financial statements in accordance with generally accepted accounting principles and that federal financial assistance programs are managed in compliance with applicable laws and regulations. Because of inherent limitations in any internal control structure, errors, irregularities, or instances of noncompliance may nevertheless occur and not be detected. Also, projection of any evaluation of the structure to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the effectiveness of the design and operation of policies and procedures may deteriorate. For the purpose of this report, we have classified the significant internal control structure policies and procedures used in administering federal financial assistance programs in the following categories: Accounting Applications Billings Cash receipts Purchasing and receiving Accounts payable Cash Disbursements Payroll General Reouirements Political activity Davis -Bacon Act Civil rights Relocation assistance and real property acquisition Federal financial reports Allowable costs/cost principles Drug-free workplace Administrative requirements SDecific Reauiremenis Types of services Matching, level of Reporting Special tesLs and effort, and earmarking Provisions 56 _ INDEPENDENT AUDITORS' REPORT ON THE INTERNAL CONTROL STRUCTURE USED IN ADMINISTERING FEDERAL FINANCIAL ASSISTANCE PROGRAMS - CONTINUED r Claims for Advances and reimbursements r Amounts Claimed or Used for Matching ` For all of the internal control structure categories listed above, we obtained an understanding of the design of relevant policies and procedures and determined whether they had been placed in operation, and we assessed control risk. During the year ended June 30, 1995, the City of Cape Girardeau, Missouri, expended 53% of its total federal financial assistance under major federal financial assistance programs and the Community Development Block Grant program, a nonmajor federal financial assistance program. ` We performed tests of controls, as required by OMB Circular A-128, to evaluate the effectiveness of the design and operation of internal control structure policies and procedures that we r considered relevant to preventing or detecting material noncompliance with specific requirements, general requirements, and requirements governing claims for advances and reimbursements and ` amounts claimed or used for matching that are applicable to each of the City's major federal financial assistance programs, which are identified in the accompanying schedule of federal financial assistance, and the aforementioned nonmajor ,program. Our procedures were less in scope than would be necessary to render an opinion on these internal control structure policies and procedures. Accordingly, we do not express such an opinion. r Our consideration of the internal control structure policies and procedures used in administering federal financial assistance would r not necessarily disclose all matters in the internal control structure that might constitute material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the r design or operation of one or more of the internal control structure elements does not reduce to a relatively low level the risk that noncompliance with laws and regulations that would be material to a federal financial assistance program may occur and not be detected within a timely period by employees in the normal e course of performing their assigned functions. We noted no matters involving the internal control structure and its operation that we consider to be material weaknesses as defined above. However, we noted certain matters involving the internal control �— structure and its operation that we have reported to the management of the City of Cape Girairdeau, Missouri, in a separaLe leLLer dated October 20, 1995. 157 INDEPENDENT AUDITORS' REPORT ON THE INTERNAL CONTROL STRUCTURE USED IN ADMINISTERING FEDERAL FINANCIAL ASSISTANCE PROGRAMS - CONTINUED This report is intended for the information of the City Council and management of the City of Cape Girardeau, Missouri. This _ restriction is not intended to limit the distribution of this report, which is a matter of public record. BEGLEY, JANSSEN, YOUNG & SIRK Cape Gi ardeau, Missouri October 20, 1995 158 ` Begley, Janssen, Young & Birk CERTIFIED PUBLIC ACCOUNTANTS 2103 THEMIS ST CAPE GIRARDEAU, MISSOURI 63701 - TELEPHONE (314) 334-2645 - FAX (314) 334-4330 PARTNERS JOHN R. JANSSEN, CPA JENNIFER WESTRICII FAWRR.REGLEv,CPA INDEPENDENT AUDITORS' REPORT ON COMPLIANCE cRAov s. MMARTINLAWREENCE E YOUNG, CPA KELVIN w. 91RN, CPA WITH THE GENERAL REQUIREMENTS APPLICABLE TO MAJOR AND NONMAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri We have audited the general purpose financial statements of the City of Cape Girardeau, Missouri as of and for the year ended June r 30, 1995, and have issued our report thereon dated October 20, 1995. we have applied procedures to test the City of Cape Girardeau, Missouri's compliance with the following requirements applicable to its federal financial assistance programs, which are identified in the schedule of federal financial assistance, for the year ended June 30, 1995: political activity, Davis -Bacon Act, civil rights, relocation assistance and real property acquisition, federal financial reports, allowable costs/cost principles, Drug -Free r Workplace Act and administrative requirements. Our procedures were limited to the applicable procedures described in the Office of Management and Budget's "Compliance Supplement for Single Audits of State and Local Governments". Our procedures were substantially less in scope than an audit, the objective of which is the expression of an opinion on the City of Cape Girardeau, Missouri's compliance with the requirements listed in the preceding paragraph. Accordingly, we do not express such an opinion. With respect to the items tested, the results of those procedures disclosed no material instances of noncompliance with the requirements listed in the second paragraph of this report. with respect to items not tested, nothing came to our attention that .. caused us to believe that the City of Cape Girardeau, Missouri, had not complied, in all material respects, with those requirements. Also, the results of our audit procedures did not disclose any ` immaterial instances of noncompliance with those requirements. This report is intended for the information of the City Council and management of the City of Cape Girardeau, Missouri. This restriction is not intended to limit the distribution of this report, which is a matter of public record. BEGLEY, JANSSEN, YOUNG & BIRK Cape r ardeau, Missouri October 20, 1995 159 Begley, Janssen, Young & Birk CERTIFIED PUBLIC ACCOUNTANTS 2103 n IFMIS RT -CAPE GINA(IDEAI,I, MIS90UR163901 - TELEPHONE III I 4)3392845 FAX (314)3J4 a33A « PARTNERS ,101 IN R JAN SSFN, GPA JENNIFER WESTRICH c-RRY R. BEGLBY. CPA GRADY S. MARTIN LAWRENCE E. vUUNG. CPA INDEPENDENT AUDITORS' REPORT ON COMPLIANCE kELwN w.Dmk. CPAINDEPENDENT SPECIFIC REQUIREMENTS APPLICABLE TO MAJOR FEDERAL FINANCIAI. ASSISTANCE PROGRAMS Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri We have audited the general purpose financial statements of the City of Cape Girardeau, Missouri as of and for the year ended June 30, 1995, and have issued our report thereon dated October 20, 1995. We have also audited the City of Cape Girardeau, Missouri's compliance with the requirements governing types of services allowed or unallowed; matching, level of effort, or earmarking; reporting; special tests and provisions; claims for advances and reimbursements; and amounts claimed or used for matching that are applicable to each of its major federal financial assistance programs, which are identified inthe accompanying schedule of federal financial assistance, for the year ended June 30, 1995. The management of the City of Cape Girardeau, Missouri, is responsible for the City of Cape Girardeau, Missouri's, compliance with those requirements, Our responsibility is to express an opinion on compliance with those requirements based on our audit. We conducted our audit in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and OMB Circular A-128, "Audits of State and Local Governments". Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain « reasonable assurance about whether material noncompliance with the requirements referred to above occurred. An audit includes examining, on a tent basis, evidence about the City of Cape Girardeau, Missouri's compliance with those requirements. we believe that our audit provides a reasonable basis for our opinion. The results of our audit procedures did not disclose any immaterial « instances of noncompliance with the requirements referred to above. In our opinion, the City of Cape Girardeau, Missouri complied, in _ all material respects, with the requirements governing types of services allowed or unallowed; matching, level. of effort, or earmarking; reporting; various special tests and provisions; claims for advances and reimbursements; and amounts claimed or used for " matching that are applicable to each of its major federal. financial assistance programs for the Year ended ,June 30, 1995, tf�o INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH SPECIFIC REQUIREMENTS APPLICABLE TO MAJOR FEDERAL. FINANCIAL ASSISTANCE PROGRAMS - CONTINUED r pr This report is intended for the information of the City Council and management of the City of Cape Girardeau, Missouri. This r restriction is not intended to limit the distribution of this report, which is a matter of public record. r BEGLEY, JAN�SSEN, YOUNG & BIRQK 9 �Pln?, % Vim' T L�. r /' Cape `Gi ardeau, Missou October 20, 1995 - Begley, Janssen, Young & Birk PESTLE IED PUBLIC ACCOUNTANTS 2103THFMIS S C- CAPE GRAnDEAU, MISSOURI 63701 - TELEPHONF (314) 334-2845 - I AH (314) 334 4396 PARTNERS JOHN R. JANSSEN, CPA .JENNIFER WESIHICII T ERRYR BEGL EY CPA GRADYS. MARTIN LAWRENCE E YOUNG, CPA KELVIN W. BIRK. CPA INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH — SPECIFIC REQUIREMENTS APPLICABLE TO NONMAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAM TRANSACTIONS Honorable Mayor and Members of the City Council City of Cape Girardeau, Missouri We have audited the general purpose financial statements of the City of Cape Girardeau, Missouri as of and for the year ended June 30, 1995, and have issued our report thereon dated October 20, 1995. In connection with our audit of the 1995 general purpose financial statements of the City of Cape Girardeau, Missouri, and with our consideration of the City of Cape Girardeau, Missouri's internal control structure used to administer federal financial assistance programs, as required by Office of Management and Budget Circular A-128, "Audits of State and Local Governments", we selected certain transactions applicable to certain nonmajor federal financial assistance programs for the year ended June 30, 1995. As required by OMB Circular A-128, we have performed auditing procedures to test compliance with the requirements governing types of services allowed or unallowed; and special tests and provisions that are applicable to those transactions. Our procedures were substantially less in scope than an audit, the objective of which is the expression of an opinion on the City of Cape Girardeau, -. Missouri's compliance with these requirements. Accordingly, we do not express such an opinion. With respect to the items tested, the results of those procedures disclosed no material instances of noncompliance with the requirements listed in the preceding paragraph. With respect to items not tested, nothing came to our attention that caused us to -- believe that the City of Cape Girardeau, Missouri, had not complied, in all material respects, with those requirements. Also, the results of our procedures did not disclose any immaterial instances of noncompliance with those requirements. This report is intended for the information of the City Council and management of the City of Cape Girardeau, Missouri. This restriction is not intended to limit the distribution of this report, which is a matter of public record. BEGLEp�Y, JANSSEN, YOUNG & BIRK Cape �GZ rdeau, M.issout'i October 20, 1995 162 ..