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Audit - 2020Prepared by Department of Finance and Administration of the City of Salina, Kansas COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended December 31, 2020 300 West Ash Street P.O. Box 736 Salina, KS 67402-0736 COMPREHENSIVE ANNUAL FINANCIAL REPORT OF CITY OF SALINA, KANSAS 300 West Ash Street P.O. Box 736 Salina, Kansas 67402-0736 For the Fiscal Year Ended December 31, 2020 Prepared by Department of Finance and Administration of City of Salina, Kansas CITY OF SALINA, KANSAS Comprehensive Annual Financial Report For the year ended December 31, 2020 TABLE OF CONTENTS Page INTRODUCTORY SECTION Letter of Transmittal i - iv Organizational Chart v List of Principal Officials vi FINANCIAL SECTION Independent Auditor’s Report 1 - 3 Management's Discussion and Analysis 4 - 15 Basic Financial Statements: Government-wide Financial Statements Statement of Net Position 16 Statement of Activities 17 Fund Financial Statements Balance Sheet -Governmental Funds 18 Reconciliation of the Total Governmental Fund Balance to Net Position of Governmental Activities 19 Statement of Revenues, Expenditures, and Changes in Fund Balance -Governmental Funds 20 Reconciliation of the Governmental Funds Statement of Revenues,Expenditures and Changes in Fund Balance with the Government-Wide Statement of Activities 21 Statement of Revenues, Expenditures and Changes in Fund Balance Budget and Actual (Non-GAAP Basis) General Fund 22 Tourism and Convention Fund 23 Special Gas Fund 24 Sales Tax Capital Fund 25 Statement of Net Position -Proprietary Funds 26 Statement of Revenues, Expenses, and Changes in Net Position -Proprietary Funds 27 Statement of Cash Flows -Proprietary Funds 28 - 29 Statement of Fiduciary Net Position -Fiduciary Funds 30 Statement of Changes in Fiduciary Net Position -Fiduciary Funds 31 CITY OF SALINA, KANSAS Comprehensive Annual Financial Report For the year ended December 31, 2020 TABLE OF CONTENTS -CONTINUED Page FINANCIAL SECTION -CONTINUED Notes to the Basic Financial Statements 32 -70 Required Supplementary Information Other Postemployment Benefits Schedule of Changes in the City’s Total OPEB Liability and Related Ratios 71 Other Postemployment Benefits -KPERS Schedule of Changes in the City’s Total OPEB Liability and Related Ratios 72 KPERS Pension Plan Schedule of City’s Proportionate Share of the Net Pension Liability 73 Schedule of City Contributions 73 Combining Statements and Individual Fund Schedules Combining Statements -Nonmajor Funds Fund Descriptions 74 -75 Combining Balance Sheet -Nonmajor Governmental Funds 76 Combining Statement of Revenues, Expenditures and Changes in Fund Balances -Nonmajor Governmental Funds 77 Combining Balance Sheet -Nonmajor Special Revenue Funds 78 - 79 Combining Statement of Revenues, Expenditures and Changes in Fund Balances -Nonmajor Special Revenue Funds 80 - 81 Combining Balance Sheet -Nonmajor Permanent Funds 82 Combining Statement of Revenues, Expenditures and Changes in Fund Balances -Nonmajor Permanent Funds 83 Individual Fund Schedules of Revenues, Expenditures and Changes in Fund Balance -Budget and Actual (Non-GAAP Basis): Bicentennial Center Fund 84 Business Improvement District Fund 85 Neighborhood Park Fund 86 Special Parks and Recreation Fund 87 Special Alcohol Fund 88 Sales Tax Economic Development Fund 89 Arts & Humanities Fund 90 Debt Service Fund 91 Solid Waste Disposal Fund 92 Water and Sewer Fund 93 Sanitation Fund 94 Golf Course Fund 95 Workers’ Compensation Reserve Fund 96 Health Insurance Fund 97 Central Garage Fund 98 CITY OF SALINA, KANSAS Comprehensive Annual Financial Report For the year ended December 31, 2020 TABLE OF CONTENTS -CONTINUED Page FINANCIAL SECTION -CONTINUED Internal Service Fund Descriptions 99 Combining Statement of Net Position -Internal Service Funds 100 Combining Statement of Revenues, Expenses, and Changes in Net Position -Internal Service Funds 101 Combining Statement of Cash Flows -Internal Service Funds 102 -103 Schedule STATISTICAL SECTION Net Position by Component -Last Ten Fiscal Years 1 104 Changes in Net Position -Last Ten Fiscal Years 2 105 Fund Balances, Governmental Fund -Last Ten Fiscal Years 3 106 Changes in Fund Balances, Governmental Funds -Last Ten Fiscal Years 4 107 Tax Revenues by Source, Governmental Funds -Last Ten Fiscal Years 5 108 Assessed and Estimated Actual Value of Taxable Property –Last Ten Fiscal Years 6 109 Direct and Overlapping Property Tax Rates –Last Ten Fiscal Years 7 110 Principal Property Taxpayers 8 111 Property Tax Levies and Distributions 9 112 Direct Sales Rate by Taxing Entity 10 113 Water Sales by Class of Customer 11 114 Ratio of Outstanding Debt by Type 12 115 Ratio of Net General Bonded Debt Outstanding 13 116 Direct and Overlapping Governmental Activities Debt 14 117 Legal Debt Margin 15 118 Pledged Revenue Coverage 16 119 Demographic and Economic Statistics 17 120 Principal Employers 18 121 CITY OF SALINA, KANSAS Comprehensive Annual Financial Report For the year ended December 31, 2020 TABLE OF CONTENTS -CONTINUED Page GOVERNMENTAL AUDIT SECTION Schedule of Expenditures of Federal Awards 122 Notes to Schedule of Expenditures of Federal Awards 123 Schedule of Findings and Questioned Costs 124 -125 Independent Auditor’s Report on Internal Control over Financial Reporting And on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 126 -127 Independent Auditor’s Report on Compliance for Each Major Federal Program and Internal Control Over Compliance Required by the Uniform Guidance 128 -129 INTRODUCTORY SECTION DEPARTMENT OF FINANCE TELEPHONE (785) 309-5735 AND ADMINISTRATION FA X (785) 309-5738 300 West Ash, P.O. Box 736 TDD (785) 309-5747 Salina, Kansas 67402-0736 Website: www.salina-ks.gov July 23, 2021 To the Citizens of the City of Salina, Kansas: The Comprehensive Annual Financial Report of the City of Salina, Kansas (the "City") for the year ended December 31, 2020, is hereby submitted. Responsibility for both the accuracy of the data and the completeness and fairness of the presentation, including all disclosures, rests with the City. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to present fairly the financial position and results of operations of all various funds and account groups of the City.We believe that all disclosures necessary to enable the reader to gain an understanding of the City's financial activities have been included. Report Format The Comprehensive Annual Financial Report is presented in three sections: Introductory, Financial and Statistical.The introductory section includes a description of the City, including services provided, and explanation of the City’s accounting system and budgetary controls, and a brief discussion of the City’s economic condition and outlook.The City's organizational chart is also included to assist the reader in understanding the organizational structure of the City.The financial section includes the Independent auditor’s report, Management’s discussion & analysis, Government wide financial statements, Fund financial statements, Notes to the financial statements, and Individual and combining statements and schedules. The statistical section includes selected financial and demographic information, generally presented on a multi- year basis. The reader is specifically directed to Management’s Discussion and Analysis (MD&A) which immediately follows the independent auditor’s report.MD&A provides a narrative explanation and overview of significant features and trends reflected by data in the financial statements. Accounting Systems and Internal Controls A critical part of the control system is the City’s comprehensive Budgetary and Financial Policies, which establish guidelines for budgetary and financial practices.The budgetary procedures are reviewed by the City Commission each year as a part of the budget process. City staff is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the City are protected from loss, theft or misuse and 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 require estimates and judgment by management. The objective of budgetary controls is to ensure compliance with legal provisions embodied in the annual appropriated budget approved by the City Commission.The legal level of budgetary control is maintained at the Fund level, in accordance with State Statutes.However, management control is maintained at the department level.The City uses an encumbrance accounting system, in which estimated purchase amounts are recorded prior to the release of purchase orders to vendors.Open encumbrances are reported as reservations of fund balance at December 31, 2020 in the general fund and the special revenue funds. Various internal compliance procedures are implemented to ensure proper implementation of the budget as well as to maintain a degree of accountability for both revenues and expenditures. i Independent Audit Kansas Statutes Annotated 75-1122 requires an annual audit of the books of account, financial records and transactions of all administrative departments of the City by independent certified public accountants selected by the City Commission.This requirement has been complied with and the auditor's opinion has been included in this report. Profile of the Community The Town of Salina was organized in 1858 under the Town and Village Act in the State of Kansas, and became a City of the First Class on July 9, 1920.The City has had a Commission-City Manager form of government since 1921.The Commission is comprised of five members elected at large.Each year the commission chooses one member to serve as Mayor.The City Manager is appointed by the Commission, and acts as its primary agent in accordance with state statute.Other city officers and employees are appointed by the City Manager.The population of the City reported by the 2010 decennial census was 47,707.The City anticipates results of the 2020 decennial census during 3rd quarter 2021. The reporting entity includes the City of Salina as well as two discretely presented component units, both proprietary fund types.The Salina Airport Authority operates the Salina Municipal Airport and Airport Industrial Center, and the Salina Housing Authority administers public housing programs within the City of Salina.The entity also includes one blended component unit which is the Salina Field House Qualified Active Low-Income Community Business, Inc. (SFH QalicB). SFH QalicB was created for the purpose of providing an indoor sports facility in the downtown core of the city of Salina. In addition, the City of Salina participates in a joint venture with Saline County, the City-County Building Authority for the ownership, operation and maintenance of the City-County Building. This report includes all funds and account groups of the City. The City provides a full range of services including police and fire protection, development services, construction and maintenance of streets, drainage facilities and other infrastructure; recreational activities and cultural programming; emergency medical services and convention facilities.In addition to general government activities, the City also provides water, wastewater, sanitation, and solid waste services; therefore, these activities are included in the reporting entity. Economic Outlook and Strength The City benefits from its location at the junction of Interstate Highways 70 and 135.This convenient location has drawn numerous national and regional companies to open manufacturing or distribution centers in or adjacent to the community.Such companies include Pepsi-Cola, Exide Technologies, Blue Philips Lighting Company, ElDorado National, and Schwan’s Global Supply Chain. Manufacturing, retail trade, and service industries rank as the three primary employers in the City. No single industry is dominant. The City of Salina retains its position near the top of a list of first class cities with respect to “trade pull factor.” According to the Kansas Department of Revenue’s Annual City Trade Pull Factor report, Salina had a pull of factor of 1.48 in 2020. The pull factor measures the degree to which a city or county area captures retail trade from outside the jurisdiction.A pull factor of greater than 1 indicates that a city is attracting retail trade beyond the expected activity attributable to just the residents of that community. It is apparent from this that Salina continues to serve as a regional economic hub in 2020.Two Salina area company’s announced major expansions in the second half of 2020. Schwan’s Company announced expansion of its pizza production facility, adding approximately 225 jobs to the Salina area. Kubota announced a new plant for the production of compact track loaders, adding approximately 120 jobs to the Salina area. Major Initiatives In April, 2016, voters elected to replace the .40 cent capital improvement sales tax with a .75 cent capital improvement sales tax for a term of 20 years. Priorities for the sales tax are improving neighborhood streets and drainage, preserving stable property tax rates, ensuring a quality park system, constructing and maintaining community improvements, funding equipment for maintenance, repayment of future bonds for large projects and attracting quality jobs. ii In 2018, the City of Salina issued $22,570,000 in STAR bonds which funded several projects in the City’s downtown corridor. In 2020 Homewood Suites opened for business and the majority of the City’s Downtown Streetscape project was completed. Other major projects that were on going included gutter and paving on North 9th Street,South Well Field improvements, continued improvements to the water distribution system and preliminary design on the Smoky Hill River Renewal and construction of the Police Training Center project. The City continues to address fiduciary pressures generated by a recessionary economy and the more recent financial impacts of the Covid-19 pandemic. General adjustments to the pay plan for cost of living changes at a rate of 2.0%were implemented in 2020. The City offered no merit increases in 2020. Capital Improvement Planning The City's Capital Improvement Plan (CIP) consists of two components.One component consists of “routine” capital—including vehicle and equipment replacement, technology replacement, building repair and improvement, routine pavement maintenance activity, utility system enhancements and similar items.The amount of funding for these projects may fluctuate based on needs and funding availability, however, planned amounts are allocated over a multi-year period.Source of funding for routine capital is current cash resources from the fund appropriate to the nature of the purchase. The second component of the CIP includes major projects that typically require issuance of bonds or notes, although these projects may also be supplemented with available cash and grant financing.The plan is updated each year after an extensive evaluation of the demands on future financial resources.The Capital Improvement program is scheduled for a major revision as the result of the sales tax to be used for that purpose. Increases in 2020 and 2021 are a result of the anticipated beginning of the construction of the Smoky Hill River Renewal Project, Ninth Street Bridge Construction and Wastewater Treatment Plant respectively. Due to uncertain Sales Tax recovery post Covid-19, the River Renewal project has been delayed. Few major projects have been planned for 2022 and 2023 until financial resources for those years could be further evaluated. *The year a project is scheduled reflects the year that construction is initiated.Preliminary work (design, acquisition) may precede this date by one or more years, and permanent financing may not occur until one (or more years depending on project magnitude) subsequent to this date. Financial Policies The City has adopted a formal set of Budgetary and Financial Policies, addressing such items as fund balances, capital improvements, operating budgets, long term debt management, accounting, auditing and financial reporting, revenues, cash management and investments. Financial policies contribute to financial stability by: 1.Providing consistent guidance in decision making 2.Establishing appropriate levels of fund balances 3.Governing the use of one time or unanticipated resources 4.Providing a multi-year capital improvements process 5.Establishing responsibilities and deadlines for budget preparation 6.Providing for a balanced annual operating budget 7.Providing guidelines on the use of debt, including appropriate purposes and terms 8.Provide a linkage between capital improvement scheduling and long term debt management planning 9.Require annual audits and financial reporting in conformance with Generally Accepted Accounting Procedures 10.Require timely and regular interim financial reporting to the Governing body 11.Ensure the safety of cash and near cash resources (timely collection of Accounts Receivable, etc.). iii Acknowledgments The preparation of the Comprehensive Annual Financial Report was made possible by the dedicated Finance staff of the City of Salina and the professional advice and efforts of the GordonCPA auditing team. Finally, preparation of this report would not have been possible without the support of the City Commission. Sincerely, Michael D. Schrage City Manager iv City of Salina CITIZENS CITY COMMISSION Melissa Rose Hodges, Mayor Trent Davis Karl Ryan Mike Hoppock Rod Franz City Manager Michael Schrage Deputy City Manager Jacob Wood Development Services Lauren Driscoll Risk Management Legal Services Clark Mize & Linville Chartered* Greg Bengtson Computer Technology Rita Stevenson Police Brad Nelson Fire Kevin Royse Public Works Jim Teutsch Engineering Public Services Streets Traffic Control Flood Control Sanitation Solid Waste Central Garage Fire Administration Fire Suppression Fire Prevention EMS Water Plant Division Wastewater Plant Division Utility Division Water Distribution Wastewater Collection Administration Patrol Division Support Division Investigative Division Finance/Administration Debbie Pack City Clerk Water Customer Accounting Finance Smoky Hill Museum Arts & Humanities Brad Anderson Human Resources Natalie Fischer Parks & Recreation Chris Cotten Utilities Martha Tasker Municipal Court Building Services Neighborhood Services Planning & Zoning Community Relations Parks Division Recreation Division Golf Course Facility Maintenance Animal Services Bicentennial Center Continuous Process Improvement Scott Gardner * Contract Position v City of Salina, Kansas List of Principal Officials City Commission Melissa Rose Hodges, Mayor Dr. Trent Davis, Vice-Mayor Karl Ryan, Commissioner Mike Hoppock, Commissioner Rod Franz, Commissioner City Executive Staff Michael Schrage, City Manager Jacob Wood, Deputy City Manager Lauren Driscoll, Director of Development Services Debbie Pack, Director of Finance and Administration Rita Stevenson, Director of Computer Technology Natalie Fischer, Director of Human Resources Greg Bengtson, City Attorney Brad Nelson, Chief of Police Kevin Royse, Fire Chief Jim Teutsch, Director of Public Works Martha Tasker, Director of Utilities Chris Cotten, Director of Parks & Recreation Brad Anderson, Director of Arts & Humanities Scott Gardner, Director of Continuous Process Improvement vi FINANCIAL SECTION 1 INDEPENDENT AUDITOR’S REPORT Mayor and City Commissioners City of Salina, Kansas Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of the City of Salina, Kansas, as of and for the year ended December 31, 2020, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on the financial statement based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America, the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States of America,and the Kansas Municipal Audit and Accounting Guide. Those standards require we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement. We did not audit the financial statements of the Salina Field House Qualified Active Low-Income Community Business, Inc. (SFH QalicB), which is included within the financial statements as a major governmental fund. This activity represents 3% and 1%, respectively, of the total assets and total revenues of the governmental funds. Those financial statements were audited by other auditors whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for SFH QalicB, is based solely on the report of the other auditors. We also did not audit the financial statements of the Salina Airport Authority which statements reflect total assets and deferred outflows of resources of $46,156,436 as of December 31, 2020 and total revenues of 2,652,346 for the year then ended, and the Housing Authority of the City of Salina, which statements reflect total assets and deferred outflows of resources of $7,540,021 as of June 30, 2020 and total revenues of $2,957,322 for the year then ended, which are discretely presented component units in the accompanying financial statements.Those financial statements were audited by other auditors whose reports thereon have been furnished to us, and our opinion, insofar as it relates to the amounts included for the Salina Airport Authority and the Housing Authority of the City of Salina, is based solely on the reports of the other auditors. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. 2 Opinions In our opinion, based on our audit and the reports of other auditors,the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of the City of Salina, Kansas, as of December 31, 2020, and the respective changes in financial position and cash flows, where applicable, thereof and the respective budgetary comparison for the General, Tourism and Convention, Special Gas and Sales Tax Capital Funds for the year then ended in accordance with accounting principles generally accepted in the United States of America. Emphasis of Matter As discussed in Note 1 to the financial statements, the City implemented GASB Statement No. 84, Fiduciary Activities that reclassified ten of the City’s funds that had been previously classified as agency funds. As a result of that implementation, certain fund balances as of January 1, 2020, were restated. Our opinion is not modified with respect to this matter. Prior Period Restatement As discussed in Note 3 to the financial statements, certain errors in amounts previously reported as of December 31, 2019, were discovered by management of the City during the current year. Accordingly, these amounts have been restated in the December 31, 2020, financial statements now presented, and adjustments have been made to net position to correct the error. Our opinion is not modified with respect to these matters. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis on pages 4 through 15, the other postemployment benefit schedules on page 71 and 72, the schedule of the City’s proportionate share of the net pension liability on page 73, and the schedule of City contributions on page 73 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s financial statements as a whole. The introductory section, combining and individual nonmajor fund financial statements and schedules, and statistical tables as listed in the table of contents are presented for purposes of additional analysis and are not a required part of the basic financial statements. The schedule of expenditures of federal awards is presented for purposes of additional analysis as required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards, and is also not a required part of the basic financial statements. The combining and individual nonmajor fund financial statements and schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying account and other records used to prepare the basic financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them. 3 Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated July 23, 2021, on our consideration of the City’s internal control over financial reporting and our tests of its compliance with certain provisions, of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in compliance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance. Certified Public Accountant Lawrence, Kansas July 23, 2021 CITY OF SALINA, KANSAS Management Discussion and Analysis Year Ended December 31, 2020 Management Discussion and Analysis This section of the report contains an overview and analysis of the City of Salina’s financial statements for the fiscal year ended December 31, 2020. The information contained here, as well as the information contained in the letter of transmittal, are intended to provide the reader of the financial statements with a well-rounded picture of the City’s financial condition. Financial Highlights On an accrual basis, the City’s government-wide net position increased $2.6 million from current operations with net position change of $5.7 million and $(3.1)million in governmental activities and business-type activities, respectively. At the close of 2020, the City’s governmental funds reported combined ending fund balances of $31.3 million, an increase of $15.5 million from the prior year. The Capital Projects expenditures decreased $3.6 million from prior year. The General Fund balance, Sales Tax Capital Fund balance and Other Governmental Funds increased $5.8 million, $2.8 million and 2.3 million, respectively, over the prior year. At the close of 2020, the City’s enterprise funds reported a combined ending Net Position of $96.6 million, an increase of $3.0 million over prior year. Positive performance was shared by the Water and Sewer Fund,the Sanitation Fund,Solid Waste Disposal and the Golf Fund. Revenues from governmental activities increased by $6.6 million from the prior year and revenues from business type activities decreased $1.3 million from the prior year. Other miscellaneous revenue increased $6.8 million due to fund transfers and bond proceeds. Revenues from investments continue to be minimal due to low interest rates. The Basic Financial Statements The basic financial statements of the City include the government-wide financial statements and the fund financial statements. The notes to the financial statements follow the basic financial statements and are essential for the reader’s understanding of the financial statements. Other supplementary information, including the combining schedules for non-major funds and the budgetary comparison reports, are at the end of this report to provide additional information for the reader. Government-wide Financial Statements The government-wide financial statements present the results of the City’s operations using the accrual basis of accounting, the same basis as is used by private sector businesses. These statements focus on the long-term financial picture of the City as a whole. The Statement of Net Position reports all of the City’s assets and liabilities. Net position, the difference between assets and deferred outflows of resources and liabilities, are an important measure of the City’s overall financial health. Net position represents the total accumulated and unused resources available to the City for the purpose of providing services. Over time, the increases and decreases in net position can be monitored to determine if the City’s financial position is improving or deteriorating. The Statement of Activities shows how net position has changed during the fiscal year. One unique feature of this statement is how it shows the revenues and expenses related to specific programs and how much of those programs were supported by the general taxes of the City. Since this statement is prepared on the accrual basis of accounting, all revenues and expenses are included, regardless of when cash is actually received. Both statements show the operations of the City broken down between governmental and business-type activities. Governmental activities are the operations of the City generally supported by taxes, such as public safety (police,fire, and EMS), public works, 4 CITY OF SALINA, KANSAS Management Discussion and Analysis Year Ended December 31, 2020 public health, and culture & recreation. Business-type activities are operations of the City that are intended to recover a significant portion of their costs through user fees and charges. These include water and sewer, refuse collection, the golf course, and operation of the City solid waste facility. The government-wide financial statements include the Salina Airport Authority and Salina Housing Authority as discretely presented component units of the City and the Salina Field House Qualified Active Low-Income Community Business, Inc. (SFH QalicB) as a blended component unit. Note 1, item A in the Notes to the Financial Statements provides a more complete explanation of the relationship between these entities and the City of Salina. Fund Financial Statements The City uses three types of funds to manage its resources: governmental funds, proprietary funds, and fiduciary funds. A fund is a fiscal entity with a set of self-balancing accounts recording financial resources together with all related liabilities and residual equities and balances, and the changes therein. These accounting entities are separated for the purpose of carrying on specific activities or attaining certain objectives in accordance with regulations, restrictions, or limitations. Governmental fund financial statements are prepared on a modified accrual basis. Under this basis, revenues are recognized when they become measurable and available, and expenditures are recognized when the related fund liability is incurred with the exception of long term debt and similar items which are recorded when due. The focus is on the short-term financial picture of the operations of the individual fund, rather than long-term citywide view provided by the government-wide statements. Major governmental funds are presented in individual columns, while non-major governmental funds are aggregated into an “Other Governmental Funds”column. A combining statement for the non-major funds is presented as supplementary information in the back of the report. The information presented in these statements can be compared to the governmental activities information in the government-wide statements. The reconciliation at the end of the fund financial statements details the relationship between the two types of financial statements. Proprietary funds fall into two categories: enterprise funds and internal service funds. All proprietary funds are prepared on the accrual basis of accounting and are used to account for business-type activities. Enterprise fund statements present the same information that is in the government-wide statements for business-type activities, but in greater detail. The City of Salina currently operates four enterprise funds: Sanitation, Solid Waste Disposal, Golf Course, and Water and Sewer. Internal service funds are used to account for the cost of operations shared by various departments of the City. The city operates three internal service funds. Two of these are for self-insurance activity: Workers Compensation Reserve, and Health Insurance. The remaining accounts for the Central Garage operation. A combining statement for these internal service funds can be found in the supplementary information following the notes to the financial statements. Fiduciary funds are used by the City to account for resources held by the City for a third party. Agency funds are a special class of fiduciary fund in which liabilities always equal assets, and thus there is no net position. The City of Salina operates twelve agency funds. Schedules for these funds may be viewed in the supplementary section of this report. Permanent funds are used to report resources that are legally restricted to the extent that only earnings, not principal, may be used. Permanent funds operated by the City include the Citizenship Trust, Cemetery and Mausoleum Endowments, and the Tri-centennial Commission fund. Notes to the Financial Statements The notes to the financial statements are an integral part of the basic financial statements since they contain valuable additional information necessary for gaining a complete understanding of the City’s financial statements. 5 CITY OF SALINA, KANSAS Management Discussion and Analysis Year Ended December 31, 2020 Other Information In addition to the basic financial statements and the notes described above, this report also presents the general fund and major special revenue fund’s budgetary statements as required supplementary information directly following the notes to the basic financial statements. The combining statements for the non-major funds are shown after the required supplementary information. Finally, the statistical section includes selected statistical data about the City’s operations and economy. The City as a Whole This section will identify, discuss, and analyze significant differences and trends that will enhance the reader’s understanding of the City’s financial position. Tax Base and Economy The City of Salina relies on three major groups of revenues to support its operations. Each of these revenue streams has a different revenue base. In declining order of magnitude, they are charges for services, sales taxes, and property taxes. Sales taxes and property taxes apply primarily to governmental activities, while charges for services apply to both governmental (20%) and business-type (80%) activities. Charges for services account for about 37% ($34.9 million) of the City’s revenue stream. Charges for service depend on both the rate that is set for the activity, as well as the volume of services provided. Significant services include water and wastewater fees, sanitation and landfill fees, licenses and permits, inspection fees and golf course fees.Charges for services decreased slightly in 2020, largely due to the 2020 COVID pandemic as most services were paused temporarily. This was offset by lower expenses. Sales taxes are the next largest component of the revenue mix, providing 25%($23.4 million) of the total revenues. The City receives a 1.25% City-wide sales tax, and also a portion of the County-wide 1.5% sales tax. Forty-four percent, (a rate of .75%)of the City-wide sales tax is required to be used for special purposes. The remaining .5%, along with the City portion of the County-wide tax is available for general purposes. The City is affected by the formula used to distribute the County-wide sales tax among participating jurisdictions (only Cities and the County participate, School and other special districts do not). The formula is based, in part, on the property tax efforts of each jurisdiction. As the portion of the overlapping levy attributable to the City of Salina changes so does the City’s allocated portion of the County-wide sales tax. This change is recognized bi-annually and can affect the overall allocation of the City’s portion of the County-wide sales tax. In 2020, this allocation decreased slightly which did not have a significant impact on the tax revenues. In 2008, Salina voters approved an increase of the special purpose .25% tax to a .40% tax. The extended tax is to sunset March 31, 2019. The tax was also modestly re-purposed, for Capital and Economic Development purposes only, as well as retaining a property tax stabilization component.In May 2017, Salina voters approved an increase in the special purpose .40% tax to a .75% tax (thus repealing the 2008 increase). This change became effective October 1, 2017 for twenty years. Property taxes are the third major component of the revenue mix, accounting for 16%($14.9 million) of total revenues. Property taxes consist of two components: Real estate and personal property taxes which are determined by the mill levy set by the city and the assessed value of the property; and motor vehicle taxes which are established by a countywide average tax rate and the assessed value of the vehicle. Real estate assessed value increased by 4.1%. The total City mill levy increased by 8.7%. The overlapping levy increased in 2019 by 0.8%. Personal property value continued to slide, presumably as a result of removing business equipment from the tax base. Personal property value has now dropped to $11.2 million from its peak of $39.7 million in 2007. 6 CITY OF SALINA, KANSAS Management Discussion and Analysis Year Ended December 31, 2020 Motor vehicle value increased 2.5%. Motor vehicle taxes are distributed based on a formula using prior year’s tax effort (similar to the Countywide Sales Tax Distribution). The following table summarizes the comparative property assessed values and tax levy rates: Fiscal (Budget) Year 2020 2019 Change Real Es tate and Personal Proper ty Assessed Valuation 454,467,319$ 434,451,245$ 20,016,074$ City Mill Levy ($ per $1,000) Operating (General Fund)22.285 20.339 1.946 Debt Service 6.109 5.790 0.319 Total City R ate 28.394 26.129 2.265 Total Overlapping Levy 138.341 133.140 5.201 Percent Total Taxes Collec ted 97.2%97.4%(0.002) Ratio of Total Taxes (inc luding delinquent collec tions) to taxes levied 98.6%98.6%- Mo tor Vehic le Valuation 54,687,311$ 53,336,677$ 1,350,634$ Comparativ e Prope rty Values and T ax Le vy Rates The unemployment rate in Salina increased slightly from 3.1% at the end of 2019 to 3.5% at the end of 2020, reflecting general economic conditions. This is still slightly below the statewide and significantly below the national unemployment rate. The total labor force decreased to 25,446 from 25,643 in 2019. In 2020, the top ten property taxpayers accounted for 10.00%of total assessed value. Statement of Net Position Net position may, over time, provide an indicator of a government’s financial position. In the case of the City of Salina, assets and deferred outflows of resources exceeded liabilities by $234.4 million at December 31, 2020. This represents an increase in net assets of $2.6 million over 2019. A comparative Condensed Statement of Net Position at December 31, 2020 and 2019: 7 8 CITY OF SALINA, KANSAS Management Discussion and Analysis Year Ended December 31, 2020 % of % of 2020‐2019 2020 2019 2020 2019 2020 Total 2019 Total change Cash and investments 42,246      31,406$           38,876$    34,957$    81,122$    19% 66,363$    15% 14,759$     Other current assets 16,910      17,201             2,082        2,512        18,992 4% 19,713      4% (721) Noncurrent (capital) assets 215,438    222,258           119,118    101,079    334,556 77% 323,337    81% 11,219 Total assets 274,594    270,865           160,076    138,548    434,670 100% 409,413    100% 25,257 Total deferred outflows of 8,761        5,073               1,117        546            9,878        100% 5,619        100% 4,259 resources Total assets and deferred outflows  of resources 283,355    275,938           161,192    139,094    444,547    415,033    29,514 Current liabilities 17,230      23,971             3,964        3,579        21,194      11% 27,550      11% (6,356) Noncurrent liabilities 106,651    98,696             60,379      41,765      167,030    89% 140,461    89% 26,569 Total liabilities 123,881    122,667           64,343      45,344      188,224    100% 168,011    100% 20,213 Total deferred inflows of resources 15,392      14,913             240 198            15,632      15,112      520 Net position: Net investment in capital assets 143,559    151,527           62,368      63,301      205,927    88% 214,828    91% (8,901) Restricted for permanent funds 543            528 ‐‐543            0% 528            0% 15 Restricted for debt service 1,724        1,142               1,512        1,368        3,236        1% 2,510        1% 726 Unrestricted (1,744)       (14,839)            26,503      28,883      24,759      11% 14,044      8% 10,715 Total net position 144,082    138,358           90,383      93,552      234,465    100% 231,910    100% 2,555 Percent of total net position 61% 60% 39% 40% 100% 100% Cash and investments as a percentage of current liabilities 245% 131% 981% 977% 383% 241% Governmental Activities Business‐Type Activities Total Primary Government Condensed Statement of Net Position As of December 31 (in $000) The largest segment of the City’s net position reflects its investment in capital assets (land, buildings, streets and drainage facilities, utility plant, vehicles, equipment, etc.), less any debt used to acquire those assets that is still outstanding. These assets are used to provide services to citizens. As a result, resources required to retire related debt cannot come from liquidation of the asset. Such resources generally must be provided from other sources, such as future taxes or user charges. A small portion of net position is restricted for debt service and permanent funds. The remainder (unrestricted) of net position may be used to meet the City’s obligations to citizens and creditors. CITY OF SALINA, KANSAS Management Discussion and Analysis Year Ended December 31, 2020 In 2020, the amount of net investment in capital assets decreased by $8.9 million. Amount restricted for debt service increased by $726 thousand. Unrestricted increased by $10.7 million. Outside of these changes, 2020 resulted in a $2.6 million increase to the net position. Total liabilities increased in governmental activities and slightly decreased in business-type activities.In governmental activities,current liabilities increased and non-current liabilities decreased primarily due to an increase in temporary notes and a decrease in general obligation bonds. Statement of Activities A Condensed Statement of Activities is shown below. 2020-2019 2020 2019 2020 2019 2020 %2019 %Change Pro gram Revenues: Charges for Services 8,400 9,730 26,513 27,423 34,913 37%37,153 42%(2,240) Operating Grants and Contributio ns 4,714 4,540 - -4,714 5%4,540 5%174 General Revenues: Pro perty Taxes 14,887 13,774 - -14,887 16%13,774 16%1,113 Sales Taxes 23,448 22,742 - -23,448 25%22,742 26%706 Other Taxes 6,117 6,975 - -6,117 7%6,975 8%(858) Investment Revenue 286 670 4 - 290 0% 670 1%(380) Other Miscella neous 8,328 1,168 447 846 8,775 9%2,014 2%6,761 Total Revenues:66,180 59,599 26,964 28,269 93,144 100%87,868 100%5,276 Expenses: Genera l Go vernment 10,395 10,866 - -10,395 14%10,866 14%-471 Public Safety 24,672 25,358 - -24,672 33%25,358 32%-686 Public Works 10,511 10,528 - -10,511 14%10,528 13%-17 Public Health and Sanitation 1,323 1,156 - -1,323 2%1,156 1%167 Culture a nd Recreation 5,034 6,879 - -5,034 7%6,879 9%-1,845 Planning and Development 2,004 2,523 - -2,004 3%2,523 3%-519 So lid Waste Disposal - -2,056 2,871 2,056 3%2,871 4%-815 Water and Sewer - -13,386 14,294 13,386 18%14,294 18%-908 Sanitation - -2,526 2,266 2,526 3%2,266 3%260 Go lf Course - -805 888 805 1% 888 1%-83 Interest on Long Term Debt 2,350 2,169 - -2,350 3%2,169 3%181 Total Expenses 56,289 59,479 18,773 20,319 75,062 100%79,798 100%-4,736 Increase in net assets before transfers 9,891 121 8,191 7,950 18,082 9,414 8,668 Transfers and other extraordinary items 5,133 4,782 (5,133) (4,782)-(58)58 Change in Net Position 15,024 4,902 3,058 3,169 18,082 9,356 8,726 Net Positio n January 1 138,359 133,452 93,552 90,383 231,911 203,428 28,483 Prio r Period Adjus tment (9,303) 4 --(9,303)--9,303 Net Positio n January 1 restated 129,056 133,456 93,552 90,383 222,608 203,428 19,180 Net Positio n December 31 144,081$138,359$96,610$93,552$240,690$212,784$27,906$ Condensed Statement of Activities For the Year Ended December 31 (in $000) Governmental Activities Business-Type Ac tivities Total Primary Government 9 CITY OF SALINA, KANSAS Management Discussion and Analysis Year Ended December 31, 2020 Governmental Activities. Charges for services attributable to governmental activities totaled $8.4 million,as operating grants for those purposes were $4.7 million.Charges for services decreased and operating grants increased slightly from the prior year due to the 2020 COVID pandemic as most services were paused temporarily.The balance was funded by general revenues. Sales taxes accounted for $23.4 million of general revenues, with property taxes providing $14.9 million. The net position increased by $5.7 million as a result of governmental activities. This increase was primarily related to the increase in sales and other taxes. Total expenses for governmental activities for the year ending December 31, 2020 were $56.3 million compared to $59.5 million in 2020. Governmental activities represent 75%of the City’s total expenses. The largest element of governmental activity expense was public safety, accounting for 33% of the total expenses. Business Type Activities. Business-type activities are primarily supported by user charges. Total expenses for business-type activities for the year were $18.8 million, or 25% of the City’s total expenses. The majority of this expense ($13.4 million)is attributable to water and sewer operations, with the other activities costing a combined total of $5.4 million. Net position increased by $3.1 million.This increase was primarily related to an overall decrease in business-type activity expenses due to the 2020 COVID pandemic. Fund Financial Analysis Governmental Funds Fund Balances: The table below shows the Governmental Fund balances for major funds as of December 31, 2020 and December 31, 2019. Fund 2020 2019 Change General 15,142$ 9,307$ 5,835$ Tourism and C onventio n 327 451 (124) Special Gas 2,866 2,191 675 Sales Tax Capital 5,209 2,406 2,803 Sc hilling C apital Impro vement 1,494 1,949 (455) Debt Service 1,724 1,142 582 Capital Pro jects (4,028) (7,652) 3,624 SFH QalicB 1,561 1,310 251 Other Governmental Funds 6,989 4,671 2,318 31,284$ 15,775$ 15,509$ Governmental Fund Balances as of December 31, (in 000's) Total governmental fund balances increased by $15.5 million. The reasons for these changes are varied, including lower expenses during the 2020 COVID pandemic. The Schilling Capital Improvement Fund, which was created to account for U.S. Government and other funds received for the abatement of groundwater contamination, continues to decrease as the City uses funds previously distributed. The Capital Projects Fund decrease was largely the result of the use of funds to fund capital outlays on projects. The SFH QalicB fund was created to account for funds for the Salina Field House. Revenues and Expenditures: The following table shows a comparison of revenues and expenditures (including other sources and uses) for major funds for the years ending December 31, 2020 and 2019. 10 CITY OF SALINA, KANSAS Management Discussion and Analysis Year Ended December 31, 2020 Fund 2020 2019 Change Revenues (including Other Financ ing So urces) General 44,560$ 44,228$ 332$ Tourism and C onvention 1,192 1,889 (697) Special Gas 2,209 2,027 182 Sa les Tax Capital 8,871 8,501 370 Sc hilling Capita l Impro vement 7 21 (14) Debt Service 7,740 6,241 1,499 Capital Pro jects 8,598 11,871 (3,273) SFH Qa lic B 494 499 (5) Other Governmental Funds 7,757 4,745 3,012 Total Revenue s 81,428 80,022 1,406 Less Other So urc es (18,515) (21,247) 2,732 Revenues, net of other so urc es 62,913$ 58,775$ 4,138$ Expenditures (including Other Financ ing U ses) General 38,921$ 41,664$ (2,743)$ Tourism and C onventio n 1,316 1,896 (580) Special Gas 1,534 1,368 166 Sa les Tax Capital 6,067 8,060 (1,993) Sc hilling Capita l Impro vement 462 208 254 Debt Service 7,155 6,950 205 Capital Pro jec ts 4,974 18,830 (13,856) SFH Qa lic B 244 407 (163) Other Governmental Funds 5,865 3,954 1,911 Total Expenditures 66,538 83,337 (16,799) Less Other Uses (4,271) (5,073) 802 Expenditures, net of other uses 62,267$ 78,264$ (15,997)$ Consolid ated S tatement of Revenues and Expenditu res f or Major Govern mental Funds Fo r th e y ears en ded Dec em ber 31 Modified Accrual Basis (in 000's) Total revenues, including other sources, were up $4.1 million compared to 2019, with Other Governmental Funds showing the largest increase between the two years, which was $3.0 million. Total expenditures decreased $16.0 million over 2019. The majority of that decrease, $13.9 million was in the Capital Projects Fund as a result of decreased spending on projects due to the 2020 COVID pandemic. Proprietary Funds The City of Salina operates four enterprise funds as well as five internal service funds. A summarized comparative Statement of Net Position follows for each enterprise fund: 11 CITY OF SALINA, KANSAS Management Discussion and Analysis Year Ended December 31, 2020 2020 2019 Change 2020 2019 Change Current Assets 8,075$ 7,073$ 1,002$ 30,396$ 28,307$ 2,089$ Capital Assets 3,335 1,497 1,838 114,104 97,956 16,148 Deferred Outf lows 137 67 70 706 371 335 Total Assets and de ferred outf lo ws 11,547$ 8,637$ 2,910$ 145,206$ 126,634$ 18,572$ Current Liabilities 448$ 103$ 345$ 3,394$ 3,273$ 121$ Noncurrent Liabilities 4,929 2,865 2,064 54,285 38,016 16,269 Deferred Inf lows 33 28 5 151 126 25 Total Liabilities 5,410$ 2,996$ 2,414$ 57,830$ 41,415$ 16,415$ Net investment in capital assets 910$ 1,107$ (197)$ 61,154$ 60,568$ 586$ Restricted - - - 1,175 1,368 (193) Unrestricted 5,227 4,534 693 25,046 23,283 1,763 Total Net Position 6,137$ 5,641$ 496$ 87,375$ 85,219$ 2,156$ Current Assets as percenta ge o f current liabilities 1802% 6867%896% 865% 2020 2019 Change 2020 2019 Change Current Assets 2,395$ 2,012$ 383$ 91$ 77$ 14$ Capital Assets 1003 1165 (162)$ 675 462 213$ Deferred Outf lows 164 84 80$ 110 25 85$ Total Assets and de ferred outf lo ws 3,562$ 3,261$ 301$ 876$ 564$ 312$ Current Liabilities 97$ 137$ (40)$ 25$ 66$ (41)$ Noncurrent Liabilities 833 668 165$ 330 215 115$ Deferred Inf lows 41$ 35 6$ 15$ 10$ 5$ Total Liabilities 971$ 840$ 131$ 370$ 291$ 79$ Net investment in capital assets 1,003$ 1,165$ (162)$ 675$ 462$ 213$ Restricted - --- Unrestricted 1588 1256 332$ (169)(187)$18$ Total Net Positio n 2,591$ 2,421$ 170$ 506$ 275$ 231$ Current Assets as percentage o f current liabilities 2469%1469%364% 117% Sanitation Go lf Course Comparative Summary Statement of Net Position as of December 31 (in $000's) So lid Waste Disposal Water and Sewer 12 CITY OF SALINA, KANSAS Management Discussion and Analysis Year Ended December 31, 2020 Revenues, Expenses, and Changes in Net Position All enterprise funds show healthy results, with all funds reflecting increases in net position. 2020 2019 Change 2020 2019 Change Operating Revenues 3,322$ 3,499$ (177)$ 19,504$ 20,588$ (1,084)$ Operating Expenses 2,011 2,849 (838)12,460 13,013 (553) Operating Inc ome 1,311 650 661 7,044 7,575 (531) Non-operating revenues (expenses)(45)(22) (23)(922)(1281)359 Income (L oss) before Transfers 1,266 627 639 6,122 6294 (172) Transfers in (o ut)(2,729)(640)(2,089) (2,006)(3,650)1,644 Change in Net Position (1,463)(13)(1,450)4,116 2644 1,472 Net Position Janua ry 1 5,640 5,653 (13)85,219 82,580 2,639 Restatement 1,960 -1,960 (1,960)(5)(1,960) Net Position Janua ry 1, restated 7,600 5,653 1,947 83,259 82,575 684 Net Position Decembe r 31 6,137$ 5,640$ 497$ 87,375$ 85,219$ 2,156$ 2020 2019 Change 2020 2019 Change Operating Revenues 3,194$ 3,276$ (82)$ 939$ 907$ 32$ Operating Expenses 2,526 2,266 260 805 888 (83) Operating Inc ome 668 1,010 (342)134 19 115 Non-operating revenues (expenses)- - - - - 0 Income (L oss) bef ore Transfers 668 1010 (342)134 19 115 Transf ers in (o ut)(497)(492)(5)100 - - Change in N et Po sition 171 519 (348)234 19 215 Net Position Janua ry 1 2,421 1,897 524 272 253 19 Restatement - 5 - - - - Net Position Janua ry 1, restated 2,421 1,902 519 272 253 19 Net Position Decembe r 31 2,592$ 2,421$ 171$ 506$ 272$ 234$ Sa nita tio n Go lf Course Comparative Summary of Reven ue, Expenses and Changes in Net Position for the Year Ended Dec ember 31 (in 000's) So lid Waste Disposal Water and Sewer 13 CITY OF SALINA, KANSAS Management Discussion and Analysis Year Ended December 31, 2020 Budgetary Highlights The objective of budgetary controls is to ensure compliance with legal provisions embodied in the annual appropriated budget approved by the City Commission. The legal level of budgetary control is maintained at the fund level, in accordance with State Statutes. Management control is maintained at the departmental level. Within the departments, considerable discretion is permitted. The City uses an encumbrance accounting system, in which estimated purchase orders are recorded prior to the release of purchase orders to vendors. Open purchase orders are reported as reservations of budgetary basis fund balances at December 31, 2020. Formal budgetary amendments are limited to those circumstances in which the need is perceived to alter the total fund budget. Re- allocation among departments or line items are not typically recorded as budgetary amendments. However, in addition to formal amendments, departments within the City are allowed to transfer budget between line items within a department. Budgets may also be transferred from department to department within each fund. As a result of these transfers, the original budget and the final budgets may not be the same for departments within a fund. Capital Assets and Debt Administration Capital Assets The total amount invested in Capital Assets for the City at December 31, 2020 was $334,555,753 net of accumulated depreciation. The following table illustrates the Capital Asset balance by various classes of assets at December 31, 2020 and 2019: 2020 2019 2020 2019 2020 2019 Equipme nt, Furniture an d Fixture s 2,309$ 2,352$ 1,280$ 1,536$ 3,589$ 3,888$ Vehicles 2,676 2,854 1,079 1,288 3,755 4,142 Bui ldings and Improvements 29,218 30,556 8,103 8,519 37,321 39,075 Land 24,224 24,224 2,386 2,386 26,610 26,610 Le ased land unde r capital l eases 423 423 - -423 Infrastructure 130,010 116,264 78,294 79,823 208,304 196,087 Le asehol d Improvements 357 357 - -357 Constructi on in P rogre ss 26,221 35,302 27,976 7,527 54,197 42,829 Total 215,438$ 212,332$ 119,118$ 101,079$ 334,556$ 312,631$ Governme ntal A cti vity Busi ness-Type Acti vity Total Capital Assets Bal ances Net of De pre ci ation as of De ce mber 31 (in $000's) Changes to capital assets may be summarized as follows: Go vernmenta l Business-Type Ac tivity Ac tivity Total Additio ns 27,118 23,416 50,534 Retirements (18,281)(1,558)(19,839) Depreciation (5,731)(3,819) (9,550) Net Additio ns 3,106$18,039$ 21,145$ Changes to Capital Assets, 2020 (in $000's) 14 CITY OF SALINA, KANSAS Management Discussion and Analysis Year Ended December 31, 2020 Additional information on the City’s capital assets can be found in Note 4,D. of the notes to the basic financial statements. Debt Management The City’s general policy for general obligation bonds is to issue them for no more than 10 years for the City at Large portion, with some exceptions permitted for extraordinary projects. On special assessment bonds, the maturity may extend to 15 years. The outstanding general obligation bonds for governmental activities at December 31, 2020 totaled $68,438,971. In addition, there were temporary notes outstanding in the amount of $7,050,000, as well as a financing operating lease in the amount of $583,725. Business-type activities had $10,341,160 in revenue bonds outstanding, as well as $9,107,990 in general obligation bonds. Revenues generated by user fees are pledged to retire all of the bonds issued by business-type activities. In addition, a loan payable is outstanding in the amount of $6,044,214. The City engaged in the following debt transactions during 2020: On April 29th, the City issued 2020-1, $7,050,000 of temporary notes. The proceeds were used to finance construction to Pheasant Ridge Addition 3, Police Training Facility, and Stone Lake 2. On April 29th, the City issued 2020A, $5,450,610 in General Obligation Bonds to finance construction costs for Landfill Cell, the Police Parking Lot, Golf Irrigation and 9th Street Bridge Design, as well as to finance the Smoky Hill River Design. On November 19th, the City issued 2020B, $9,043,333 in General Obligation Bonds to finance construction costs for the Radio Project, Quint, SCBA, as well as to finance the 2012A Refunding -Magnolia. Additional information on the City’s debt can be found in Note 4, E. of the notes to the basic financial statements. Requests for Information This financial report is intended to give the reader a general overview of the City’s finances. Questions about information in this report or requests for additional information should be directed to the Director of Finance, Room 206, 300 West Ash Street, Salina, Kansas, 67401. 15 BASIC FINANCIAL STATEMENTS Total Total Total Salina Salina Governmental Business-type Primary Housing Airport Activities Activities Government Authority Authority ASSETS AND DEFERRED OUTFLOWS OF RESOURCES Current assets: Cash and investments 42,246,017$ 38,875,629$ 81,121,646$ 2,047,865$ 2,255,880$ Receivables (net of allowance for uncollectibles) Accounts 1,916,733 1,664,390 3,581,123 25,280 390,970 Taxes 14,362,079 -14,362,079 -- Interest 10,392 16 10,408 -- Inventory 284,987 417,947 702,934 31,898 - Restricted cash and investments 335,497 -335,497 -- Prepaid expenses ---110,640 15,700 Total current assets 59,155,705 40,957,982 100,113,687 2,215,683 2,662,550 Noncurrent assets: Capital assets, nondepreciable Construction in progress 26,221,157 27,975,938 54,197,095 136,666 205,592 Land 24,646,334 2,386,334 27,032,668 1,557,554 9,874,567 Capital assets, depreciable 297,446,919 163,770,396 461,217,315 8,934,888 82,625,316 Less: Accumulated depreciation 132,876,276 75,015,049 207,891,325 5,362,214 50,444,301 Total noncurrent assets 215,438,134 119,117,619 334,555,753 5,266,894 42,261,174 Total assets 274,593,839 160,075,601 434,669,440 7,482,577 44,923,724 Deferred outflows of resources: KPERS OPEB deferred outflows of resources 135,741 55,982 191,723 -4,727 OPEB deferred outflows of resources 148,419 24,797 173,216 -- Pension deferred outflows of resources 8,471,181 1,035,819 9,507,000 57,444 214,164 Deferred charge on bond issuance 5,990 -5,990 -1,013,821 Total deferred outflows of resources 8,761,331 1,116,598 9,877,929 57,444 1,232,712 Total assets and deferred outflows of resources 283,355,170$ 161,192,199$ 444,547,369$ 7,540,021$ 46,156,436$ Liabilities: Current liabilities: Accounts payable 1,718,179$ 562,153$ 2,280,332$ 45,583$ 125,641$ Retainage payable 1,687,819 211,528 1,899,347 -- Accrued liabilities 788,446 -788,446 52,903 146,669 Accrued interest payable 61,875 447,048 508,923 -211,244 Deposits payable -285,259 285,259 93,237 - Current portion of compensated absences 1,224,971 273,001 1,497,972 3,068 51,799 Current portion of temporary notes payable 7,050,000 -7,050,000 -- Current portion of loans payable -375,071 375,071 -39,942 Current portion of revenue bonds payable -750,000 750,000 -- Current portion of special assessment debt payable ----2,455 Current portion of general obligation bonds payable 4,699,145 1,060,100 5,759,245 -3,730,000 Total current liabilities 17,230,435 3,964,160 21,194,595 194,791 4,307,750 Noncurrent liabilities: Accrued liabilities 263,049 -263,049 65,926 - Compensated absences 1,472,035 321,310 1,793,345 27,617 - Security deposits returnable ----83,989 OPEB obligation 3,097,540 517,514 3,615,054 -13,924 KPERS OPEB obligation 402,677 194,767 597,444 7,657 - Net pension liability 34,571,390 3,854,606 38,425,996 319,900 715,670 Loans payable 12,212,979 35,550,958 47,763,937 -420,058 Revenue bonds payable -8,865,000 8,865,000 -- Special assessment debt payable ----- General obligation bonds payable 54,631,836 8,774,050 63,405,886 -19,351,436 Landfill post-closure care liabilities -2,300,353 2,300,353 -- Total noncurrent liabilities 106,651,506 60,378,558 167,030,064 421,100 20,585,077 Total liabilities 123,881,941 64,342,718 188,224,659 615,891 24,892,827 Deferred inflows of resources: Unavailable revenue - property taxes 13,876,740 -13,876,740 53,442 - KPERS OPEB deferred inflows of resources 57,734 27,926 85,660 -- OPEB deferred inflows of resources 273,521 45,698 319,219 -7,961 Pension deferred inflows of resources 1,183,831 165,880 1,349,711 25,447 58,465 Total deferred inflows of resources 15,391,826 239,504 15,631,330 78,889 66,426 Total liabilities and deferred inflows of resources 139,273,767$ 64,582,222$ 203,855,989$ 694,780$ 24,959,253$ Net Position Net investment in capital assets 143,558,677$ 63,742,440$ 207,301,117$ 5,266,894$ 18,717,283$ Restricted for: Permanent funds: Expendable 542,755 -542,755 100,183 - Debt service 1,724,117 1,175,378 2,899,495 -- Unrestricted [1,744,146] 31,692,159 29,948,013 1,478,164 2,479,900 Total net position 144,081,403$ 96,609,977$ 240,691,380$ 6,845,241$ 21,197,183$ Primary Government CITY OF SALINA, KANSAS STATEMENT OF NET POSITION December 31, 2020 Component Units The notes to the basic financial statements are an integral part of this statement. 16 Operating Capital Total Total Total Salina Salina Charges for Grants and Grants and Governmental Business-type Primary Housing Airport Expenses Services Contributions Contributions Activities Activities Government Authority Authority Governmental activities: General government 10,394,607$ 3,338,860$ 1,201,206$ -$[5,854,541]$ -$[5,854,541]$ -$-$ Public safety 24,671,916 4,325,391 1,477,850 -[18,868,675]-[18,868,675]-- Public works 10,510,841 294,108 1,334,047 -[8,882,686]-[8,882,686]-- Public health and sanitation 1,322,698 49,388 221,982 -[1,051,328]-[1,051,328]-- Culture and recreation 5,033,513 279,296 294,037 -[4,460,180]-[4,460,180]-- Planning and development 2,004,435 113,262 185,227 -[1,705,946]-[1,705,946]-- Interest on long-term debt 2,349,539 ---[2,349,539] -[2,349,539]-- Total governmental activities 56,287,549 8,400,305 4,714,349 -[43,172,895]-[43,172,895]-- Business-type activities: Solid Waste Disposal 2,055,825 3,289,539 ---1,233,714 1,233,714 -- Water and Sewer 13,386,267 19,448,780 ---6,062,513 6,062,513 -- Sanitation 2,526,129 3,193,904 ---667,775 667,775 -- Golf Course 804,973 581,232 ---[223,741] [223,741] -- Total business-type activities 18,773,194 26,513,455 ---7,740,261 7,740,261 -- Total primary government 75,060,743$ 34,913,760$4,714,349$ -$[43,172,895]7,740,261 [35,432,634] -- Component units: Salina Housing Authority 2,889,339$ 393,634$ 2,319,183$ 113,963$ ---[62,559] - Salina Airport Authority 8,700,408 2,652,346 - 2,100,818 ----[3,947,244] Total component units 11,589,747$ 3,045,980$ 2,319,183$ 2,214,781$ ---[62,559] [3,947,244] General Revenues: Property taxes levied for General purposes 10,308,086 -10,308,086 -2,639,481 Debt service 3,058,231 -3,058,231 -- Motor vehicle tax General purposes 1,520,297 -1,520,297 -- Sales tax General purposes 13,697,179 -13,697,179 -- Selective purposes 9,751,294 -9,751,294 -- Other taxes General purposes 6,117,168 -6,117,168 -- Investment revenues 285,623 4,144 289,767 22,125 2,161 Miscellaneous 8,328,452 446,477 8,774,929 108,417 - Transfers, net 5,132,726 [5,132,726] --- Subtotal general revenues 58,199,056 [4,682,105] 53,516,951 130,542 2,641,642 Change in net position 15,026,161 3,058,156 18,084,317 67,983 [1,305,602] Net position - beginning 138,358,514 93,551,821 231,910,335 6,777,258 22,502,785 Prior period adjustment [9,303,272] -[9,303,272]-- Net position - beginning, restated 129,055,242 93,551,821 222,607,063 6,777,258 22,502,785 Net position - ending 144,081,403$96,609,977$ 240,691,380$6,845,241$21,197,183$ Changes in Net Position Component UnitsPrimary GovernmentProgram Revenues CITY OF SALINA, KANSAS STATEMENT OF ACTIVITIES For the Year Ended December 31, 2020 Net [Expenses] Revenue and The notes to the basic financial statements are an integral part of this statement. 17 Tourism and Special Sales Tax General Convention Gas Capital ASSETS Cash and investments 13,353,397$ 854$ 2,580,212$ 6,534,049$ Restricted cash ---- Receivables (net) Accounts 1,587,438 326,008 -- Taxes 10,934,927 -305,807 - Interest 10,392 --- Inventory 183,768 --- Due from other funds 31,989 --- Total assets 26,101,911$ 326,862$ 2,886,019$ 6,534,049$ LIABILITIES, DEFERRED INFLOW S OF RESOURCES AND FUND BALANCES Liabilities: Accounts payable 145,736$ -$20,116$ 24,791$ Retainage payable ---1,299,766 Temporary notes payable ---- Due to other funds ---- Total liabilities 145,736 -20,116 1,324,557 Deferred inflows of resources Unavailable revenue - property taxes 10,737,173 --- Unavailable revenue - other 76,739 --- Total deferred inflows of resources 10,813,912 --- Fund balance: Nonspendable 183,768 --- Restricted -326,862 2,233,811 - Committed ---4,065,778 Assigned 244,434 -632,092 1,143,714 Unassigned 14,714,061 --- Total fund balances 15,142,263 326,862 2,865,903 5,209,492 Total liabilities, deferred inflows of resources and fund balances 26,101,911$ 326,862$ 2,886,019$ 6,534,049$ CITY OF SALINA, KANSAS BALANCE SHEET GOVERNMENTAL FUNDS December 31, 2020 Schilling Other Total Capital Debt Capital SFH Governmental Governmental Improvement Service Projects QalicB Funds Funds 1,493,977$ 1,665,599$ 4,656,684$ 3,918$ 7,239,668$ 37,528,358$ ---335,497 -335,497 ---1,235,034 3,287 3,151,767 -3,121,345 ---14,362,079 -----10,392 -----183,768 -----31,989 1,493,977$ 4,786,944$ 4,656,684$ 1,574,449$ 7,242,955$ 55,603,850$ -$-$1,260,261$ -$221,525$ 1,672,429$ --374,230 13,823 -1,687,819 --7,050,000 --7,050,000 ----31,989 31,989 --8,684,491 13,823 253,514 10,442,237 -3,062,827 ---13,800,000 -----76,739 -3,062,827 ---13,876,739 -----183,768 -1,724,117 --695,513 4,980,303 1,493,977 --1,560,626 6,104,669 13,225,050 ----189,259 2,209,499 --[4,027,807] --10,686,254 1,493,977 1,724,117 [4,027,807] 1,560,626 6,989,441 31,284,874 1,493,977$ 4,786,944$ 4,656,684$ 1,574,449$ 7,242,955$ 55,603,850$ 18 The notes to the basic financial statements are an integral part of this statement. Total Governmental Fund Balances 31,284,874$ Amounts reported for governmental activities in the statement of net position are different because Bond issuance costs are shown as current year expenditures in the funds. Bond issuance costs 5,990 Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds The cost of capital assets is 348,146,176 Accumulated depreciation is 132,722,313 215,423,863 Pension contributions are reported as an expense in the funds and as a deferred outflow of resources in the governmental activities in the statement of net position.8,705,364 Pension fundings are reported as a revenue in the funds and as a deferred inflow of resources in the governmental activities in the statement of net position.[1,505,440] Certain intrafund transactions have been eliminated between the City's primary funds and the QALICB blended component unit.[1,235,034] An internal service fund is used by the City's management to charge the costs of the worker's compensation program. The assets and liabilities of the internal service fund are included with governmental activities.3,549,304 The following liabilities, including bonds payable, are not due and payable in the current period and therefore are not reported as liabilities in the funds. These liabilities at year end consist of: Compensated absences 2,666,706 Net OPEB obligation 3,491,494 Net pension liability 34,383,483 Bonds payable 59,330,981 Loans payable 12,212,979 Accrued interest on the bonds 61,875 [112,147,518] Net Position of Governmental Activities 144,081,403$ CITY OF SALINA, KANSAS RECONCILIATION OF THE TOTAL GOVERNMENTAL FUND BALANCE TO NET POSITION OF GOVERNMENTAL ACTIVITIES December 31, 2020 The notes to the basic financial statements are an integral part of this statement. 19 Tourism and Special Sales Tax General Convention Gas Capital REVENUES: Taxes Real estate taxes 10,139,044$ -$-$-$ Delinquent taxes 169,042 --- Motor vehicle taxes 1,189,598 --- General sales taxes 13,697,179 --- Selective sales taxes ---8,624,465 Other taxes 4,925,381 1,191,787 -- Intergovernmental 2,453,021 -1,328,977 - Special assessments ---- Licenses and permits ---- Charges for services 4,942,217 --- Investment revenue 256,515 --- Donations ---- Miscellaneous 981,845 -720,243 246,159 Total revenues 38,753,842 1,191,787 2,049,220 8,870,624 EXPENDITURES: Current General government 5,505,967 --- Public safety 22,435,061 --- Public works 5,101,204 -355,565 - Public health and sanitation 682,439 --- Culture and recreation 3,037,594 --- Planning and development 673,564 726,743 -- Miscellaneous ---- Capital outlay 608,460 -1,178,730 3,262,657 Debt service Principal retirement ---- Interest and other charges ---- Total expenditures 38,044,289 726,743 1,534,295 3,262,657 Excess [deficiency] of revenue and other sources over [under] expenditures and other [uses]709,553 465,044 514,925 5,607,967 OTHER FINANCING SOURCES [USES] Issuance of bonds ---- Bond premium ---- Transfers in 5,806,300 -160,000 - Transfers [out][877,000] [589,252] -[2,804,350] Total other financing sources [uses]4,929,300 [589,252] 160,000 [2,804,350] Net change in fund balance 5,638,853 [124,208] 674,925 2,803,617 Fund balance - Beginning of year 9,307,174 451,070 2,190,978 2,405,875 Prior period adjustment 196,236 --- Fund balance - Beginning of year, restated 9,503,410 451,070 2,190,978 2,405,875 Fund balance - End of year 15,142,263$ 326,862$ 2,865,903$ 5,209,492$ CITY OF SALINA, KANSAS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 Schilling Other Total Capital Debt Capital SFH Governmental Governmental Improvement Service Projects QalicB Funds Funds -$3,010,914$ -$-$-$13,149,958$ -47,317 ---216,359 -330,699 ---1,520,297 -----13,697,179 ----1,126,829 9,751,294 -----6,117,168 ----1,535,238 5,317,236 -1,511,279 ---1,511,279 ----5,070 5,070 ---492,917 121,417 5,556,551 7,005 --967 21,136 285,623 ----129,193 129,193 --130,108 -3,577,577 5,655,932 7,005 4,900,209 130,108 493,884 6,516,460 62,913,139 -----5,505,967 -----22,435,061 ----625,362 6,082,131 ----597,804 1,280,243 ----1,207,431 4,245,025 ---16,652 376,545 1,793,504 -53,301 --1,300,661 1,353,962 462,374 -4,760,797 26,983 1,741,294 12,041,295 -5,163,995 ---5,163,995 -1,937,284 213,299 200,044 15,496 2,366,123 462,374 7,154,580 4,974,096 243,679 5,864,593 62,267,306 [455,369] [2,254,371] [4,843,988] 250,205 651,867 645,833 -1,206,882 7,513,405 --8,720,287 --468,404 --468,404 -1,629,188 486,426 -1,241,413 9,323,327 -----[4,270,602] -2,836,070 8,468,235 -1,241,413 14,241,416 [455,369] 581,699 3,624,247 250,205 1,893,280 14,887,249 1,949,346 1,142,418 [7,652,054] 1,310,421 4,670,517 15,775,745 ----425,644 621,880 1,949,346 1,142,418 [7,652,054] 1,310,421 5,096,161 16,397,625 1,493,977$ 1,724,117$ [4,027,807]$ 1,560,626$ 6,989,441$ 31,284,874$ The notes to the basic financial statements are an integral part of this statement. 20 Total Net Change In Fund Balances - Governmental Funds 14,887,249$ Amounts reported for governmental activities in the statement of activities are different because Capital outlays to purchase or build assets are reported in governmental funds as expenditures. However, for governmental activities those costs are shown in the statement of net position and allocated over their estimated useful lives as annual depreciation expenses in the statement of activities. This is the amount by which capital outlays exceeds depreciation in the period. Gain/[Loss] on sale of assets [34,933] Capital outlays 9,188,324 Depreciation expense [5,881,296] 3,272,095 Interest on long-term debt in the statement of activities differs from the amount reported in the governmental funds because interest is recorded as an expenditure in the funds when it is due, and thus requires the use of current financial resources. In the statement of activities, however, interest expense is recognized as the interest accrues, regardless of when it is due. This is the amount by which interest decreased.16,584 An internal service fund is used by the City's management to charge the costs of certain activities to the individual funds. The revenues and expenses of certain internal service funds are reported with governmental activities.983,576 Certain intrafund transactions have been eliminated between the City's primary funds and the QALICB blended component unit.[712,617] Some expenses reported in the statement of activities, such as compensated absences and other post employment benefits, do not require the use of current financial resources and therefore are not reported as expenditures in governmental funds.168,922 Pension payments are reported as expenditures in the governmental funds and do not affect the statement of net activities.[1,817,189] Bond, temporary note, loan and lease proceeds are other financing sources in the governmental funds, but they increase long-term liabilities in the statement of net position and do not affect the statement of activities. Also, governmental funds report the effect of issuance costs, premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the statement of activities. This amount is the net effect of these differences in the treatment of long-term debt and related items.[8,982,222] Repayment of bond principal and bond issuance costs is an expenditure in the governmental funds, but it reduces long-term liabilities in the statement of net position and does not affect the statement of activities.7,209,763 Changes In Net Position of Governmental Activities 15,026,161$ CITY OF SALINA, KANSAS RECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE W ITH THE GOVERNMENT-W IDE STATEMENT OF ACTIVITIES For the Year Ended December 31, 2020 The notes to the basic financial statements are an integral part of this statement. 21 CITY OF SALINA, KANSAS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS) GENERAL FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Taxes Real estate taxes 10,139,044$ 10,269,618$ 10,269,618$ [130,574]$ Delinquent taxes 169,042 160,000 160,000 9,042 Motor vehicle taxes 1,183,360 1,148,859 1,148,859 34,501 General sales tax 13,697,179 13,119,090 13,119,090 578,089 Other taxes 4,925,381 7,200,990 7,200,990 [2,275,609] Intergovernmental 2,453,021 1,155,255 1,155,255 1,297,766 Charges for services 3,710,836 5,931,339 5,931,339 [2,220,503] Investment revenue 254,767 140,000 140,000 114,767 Miscellaneous 981,842 513,496 513,496 468,346 Total revenues 37,514,472 39,638,647 39,638,647 [2,124,175] Expenditures General government 4,336,448 5,627,624 5,627,624 1,291,176 Public safety 22,434,733 22,669,448 22,669,448 234,715 Public works 5,044,769 4,552,934 4,552,934 [491,835] Public health and sanitation 682,439 - - [682,439] Culture and recreation 3,050,289 7,911,847 7,911,847 4,861,558 Planning and development 553,972 3,099,280 3,099,280 2,545,308 Capital outlay 608,460 4,746,430 4,746,430 4,137,970 Total expenditures 36,711,110 48,607,563 48,607,563 11,896,453 Excess [deficiency] of revenues over [under] expenditures 803,362 [8,968,916] [8,968,916] 9,772,278 Other financing sources [uses] Transfers in 5,806,300 4,366,550 4,366,550 1,439,750 Transfers [out][877,000] [905,500] [905,500] 28,500 Total other financing sources [uses]4,929,300 3,461,050 3,461,050 1,468,250 Excess [deficiency] of revenues and other sources over [under] expenditures and other [uses]5,732,662 [5,507,866] [5,507,866] 11,240,528 Unreserved fund balance, January 1, restated 7,185,815 5,507,866 5,507,866 1,677,949 Unreserved fund balance, December 31 12,918,477 -$ -$ 12,918,477$ Reconciliation to GAAP Interest receivable 10,392 Accounts receivable 1,587,438 Taxes receivable 10,934,927 Inventory 183,768 Deferred revenue [10,737,173] Current year encumbrances 244,434 GAAP Fund Balance, December 31 15,142,263$ Budgeted Amounts See independent auditor's report on the financial statements. 22 CITY OF SALINA, KANSAS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS) TOURISM AND CONVENTION FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Other taxes 1,315,996$ 1,900,000$ 1,900,000$ [584,004]$ Total revenues 1,315,996 1,900,000 1,900,000 [584,004] Expenditures Planning and development 726,743 1,045,000 1,045,000 318,257 Total expenditures 726,743 1,045,000 1,045,000 318,257 Excess [deficiency] of revenues over [under] expenditures 589,253 855,000 855,000 [265,747] Other financing sources [uses] Transfers [out][589,252] [855,000] [855,000] 265,748 Total other financing sources [uses][589,252] [855,000] [855,000] 265,748 Excess [deficiency] of revenues and other sources over [under] expenditures and other [uses]1 - - 1 Unreserved fund balance, January 1 853 853 853 - Unreserved fund balance, December 31 854 853$ 853$ 1$ Reconciliation to GAAP Accounts receivable 326,008 GAAP Fund Balance, December 31 326,862$ Budgeted Amounts See independent auditor's report on the financial statements. 23 CITY OF SALINA, KANSAS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS) SPECIAL GAS FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Intergovernmental 1,351,092$ 1,330,760$ 1,330,760$ 20,332$ Miscellaneous 720,243 --720,243 Investment revenue -3,000 3,000 [3,000] Total revenues 2,071,335 1,333,760 1,333,760 737,575 Expenditures Public works 355,565 486,950 486,950 131,385 Capital outlay 1,740,235 1,181,243 1,181,243 [558,992] Total expenditures 2,095,800 1,668,193 1,668,193 [427,607] Excess [deficiency] of revenues over [under] expenditures [24,465][334,433][334,433]309,968 Other financing sources [uses] Transfers in 160,000 160,000 160,000 - Total other financing sources [uses]160,000 160,000 160,000 - Excess [deficiency] of revenues and other sources over [under] expenditures and other [uses]135,535 [174,433] [174,433]309,968 Unreserved fund balance, January 1 1,792,469 1,867,816 1,867,816 [75,347] Unreserved fund balance, December 31 1,928,004 1,693,383$ 1,693,383$ 234,621$ Reconciliation to GAAP Taxes receivable 305,807 Current year encumbrances 632,092 GAAP Fund Balance, December 31 2,865,903$ Budgeted Amounts See independent auditor's report on the financial statements. 24 CITY OF SALINA, KANSAS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS) SALES TAX CAPITAL FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Taxes Selective sales taxes 8,624,465$ 8,332,539$ 8,332,539$ 291,926$ Miscellaneous 246,159 --246,159 Total revenues 8,870,624 8,332,539 8,332,539 538,085 Expenditures Capital outlay 3,666,919 5,050,000 5,050,000 1,383,081 Total expenditures 3,666,919 5,050,000 5,050,000 1,383,081 Excess [deficiency] of revenues over [under] expenditures 5,203,705 3,282,539 3,282,539 1,921,166 Other financing sources [uses] Transfers [out][2,804,350][3,169,350][3,169,350]365,000 Total other financing sources [uses][2,804,350][3,169,350][3,169,350]365,000 Excess [deficiency] of revenues and other sources over [under] expenditures and other [uses]2,399,355 113,189 113,189 2,286,166 Unreserved fund balance, January 1 1,666,423 1,882,941 1,882,941 [216,518] Unreserved fund balance, December 31 4,065,778 1,996,130$ 1,996,130$ 2,069,648$ Reconciliation to GAAP Current year encumbrances 1,143,714 GAAP Fund Balance, December 31 5,209,492$ Budgeted Amounts See independent auditor's report on the financial statements. 25 Total Internal Solid Waste Water and Enterprise Service Assets and deferred outflows of resources:Disposal Sewer Sanitation Golf Course Funds Funds Current assets: Cash and investments 7,876,671$ 28,759,645$ 2,175,043$64,270$ 38,875,629$ 4,717,659$ Receivables (net of allowance for uncollectibles) Accounts 198,287 1,246,160 219,943 - 1,664,390 - Interest 16 - - - 16 - Inventory and prepaid supplies - 390,729 - 27,218 417,947 101,219 Total current assets 8,074,974 30,396,534 2,394,986 91,488 40,957,982 4,818,878 Capital assets: Nondepreciable capital assets: Construction in progress 1,991,469 25,727,684 - 256,785 27,975,938 - Land 682,000 1,689,334 - 15,000 2,386,334 - Depreciable capital assets: Capital assets 11,313,026 148,639,879 2,564,420 1,253,071 163,770,396 168,234 Less: accumulated depreciation 10,651,410 61,953,107 1,560,935 849,597 75,015,049 153,963 Total capital assets 3,335,085 114,103,790 1,003,485 675,259 119,117,619 14,271 Total assets 11,410,059 144,500,324 3,398,471 766,747 160,075,601 4,833,149 Deferred outflows of resources: KPERS OPEB deferred outflows of resources 6,749 33,434 7,745 8,054 55,982 2,507 OPEB deferred outflows of resources 2,758 16,409 4,635 995 24,797 - Pension deferred outflows of resources 127,859 655,717 151,656 100,587 1,035,819 47,470 Total deferred outflows of resources 137,366 705,560 164,036 109,636 1,116,598 49,977 Total assets and deferred outflows of resources 11,547,425$145,205,884$ 3,562,507$876,383$ 161,192,199$ 4,883,126$ Liabilities and deferred inflows of resources: Current liabilities Accounts payable 19,524$ 509,657$ 25,449$ 7,523$ 562,153$ 45,750$ Retainage payable - 211,528 - - 211,528 - Interest payable 38,747 408,301 - - 447,048 - Meter deposits payable - 285,259 - - 285,259 - Current portion of compensated absences payable 19,825 164,516 71,543 17,117 273,001 13,919 Current portion of accrued claims payable - - - - - 788,446 Current portion of loans payable - 375,071 - - 375,071 - Current portion of general obligation bonds payable 370,000 690,100 - - 1,060,100 - Current portion of revenue bonds payable - 750,000 - - 750,000 - Total current liabilities 448,096 3,394,432 96,992 24,640 3,964,160 848,115 Noncurrent liabilities: Compensated absences payable 23,333 193,628 84,202 20,147 321,310 16,382 Accrued claims payable - - - - - 263,049 OPEB obligation 57,567 342,458 96,728 20,761 517,514 - KPERS OPEB obligation 23,480 116,322 26,945 28,020 194,767 8,723 Net pension liability 469,022 2,498,445 625,434 261,705 3,854,606 187,907 Payable from restricted assets Loans payable - 35,550,958 - - 35,550,958 - General obligation bonds payable 2,055,388 6,718,662 - - 8,774,050 - Revenue bonds payable - 8,865,000 - - 8,865,000 - Landfill post-closure care liabilities 2,300,353 - - - 2,300,353 - Total noncurrent liabilities 4,929,143 54,285,473 833,309 330,633 60,378,558 476,061 Total liabilities 5,377,239 57,679,905 930,301 355,273 64,342,718 1,324,176 Deferred inflows of resources KPERS OPEB deferred inflows of resources 3,366 16,678 3,864 4,018 27,926 1,251 OPEB deferred inflows of resources 5,084 30,240 8,541 1,833 45,698 - Pension deferred inflows of resources 24,429 103,622 28,575 9,254 165,880 8,395 Total deferred inflows of resources 32,879 150,540 40,980 15,105 239,504 9,646 Total liabilities and deferred inflows of resources 5,410,118$ 57,830,445$ 971,281$ 370,378$ 64,582,222$ 1,333,822$ Net position Net investment in capital assets 909,697$ 61,153,999$ 1,003,485$675,259$ 63,742,440$ 14,271$ Restricted Restricted for bond retirement - 1,175,378 - - 1,175,378 - Unrestricted 5,227,610 25,046,062 1,587,741 [169,254] 31,692,159 3,535,033 Total net position 6,137,307$ 87,375,439$ 2,591,226$506,005$ 96,609,977$ 3,549,304$ Business-Type Activities: Enterprise Funds CITY OF SALINA, KANSAS STATEMENT OF NET POSITION PROPRIETARY FUNDS December 31, 2020 The notes to the basic financial statements are an integral part of this statement. 26 Total Internal Solid Waste Water and Enterprise Service Disposal Sewer Sanitation Golf Course Funds Funds Operating revenues Charges for services 3,289,539$ 19,448,780$3,193,904$581,232$ 26,513,455$ 8,253,233$ Miscellaneous 32,720 55,774 49 357,934 446,477 42,179 Total operating revenues 3,322,259 19,504,554 3,193,953 939,166 26,959,932 8,295,412 Operating expenses General government -----7,391,474 Public works 1,858,197 8,916,947 2,364,751 -13,139,895 - Recreation ---761,739 761,739 - Depreciation 152,926 3,543,387 161,378 43,234 3,900,925 362 Total operating expenses 2,011,123 12,460,334 2,526,129 804,973 17,802,559 7,391,836 Operating income [loss]1,311,136 7,044,220 667,824 134,193 9,157,373 903,576 Nonoperating revenues [expenses] Investment revenue -4,144 --4,144 - Interest expense [44,702] [1,005,565] --[1,050,267] - Accretion of bond premium -89,557 --89,557 - Amortization of bond issuance costs -[9,925]--[9,925] - Total nonoperating revenues [expenses][44,702] [921,789]--[966,491] - Income [loss] before transfers 1,266,434 6,122,431 667,824 134,193 8,190,882 903,576 Transfers from [to] other funds Transfers in ---100,000 100,000 80,000 Transfers [out][2,729,588] [2,005,788] [497,350] -[5,232,726]- Total transfers [2,729,588] [2,005,788] [497,350] 100,000 [5,132,726] 80,000 Change in net position [1,463,154] 4,116,643 170,474 234,193 3,058,156 983,576 Net position, January 1 5,640,478 85,218,779 2,420,752 271,812 93,551,821 2,565,728 Prior period adjustment 1,959,983 [1,959,983] ---- Net position, January 1, restated 7,600,461 83,258,796 2,420,752 271,812 93,551,821 2,565,728 Net position, December 31 6,137,307$ 87,375,439$2,591,226$506,005$ 96,609,977$ 3,549,304$ Business-Type Activities: Enterprise Funds CITY OF SALINA, KANSAS STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION PROPRIETARY FUNDS For the Year Ended December 31, 2020 The notes to the basic financial statements are an integral part of this statement. 27 Total Internal Solid Waste Water and Enterprise Service Disposal Sewer Sanitation Golf Course Funds Funds Cash flows from operating activities Cash received from customers and users 3,289,574$19,836,614$3,231,339$581,232$ 26,938,759$8,503,738$ Cash paid to suppliers of goods or services [894,526] [4,593,856] [1,412,277][288,026] [7,188,685] [7,085,946] Cash paid to employees [688,626] [3,908,975] [901,478] [468,228] [5,967,307] [274,765] Other operating receipts 32,720 55,774 49 357,934 446,477 42,179 Net cash provided by [used in] operating activities 1,739,142 11,389,557 917,633 182,912 14,229,244 1,185,206 Cash flows from capital and related financing activities Purchase and construction of capital assets [31,486] [21,561,398]-[256,785][21,849,669]- Proceeds from bonds 2,070,388 4,370,151 -- 6,440,539 - Proceeds from loans -18,475,072 --18,475,072 - Principal payments - loans -[5,088,730]--[5,088,730]- Principal payments - general obligation bonds [35,000] [1,414,063] --[1,449,063]- Principal payments - revenue bonds -[781,015]--[781,015] - Interest paid [11,217] [917,878]--[929,095] - Net cash provided by [used in] capital and related financing activities 1,992,685 [6,917,861] -[256,785][5,181,961] - Cash flows from investing activities Interest received -4,144 --4,144 - Cash flows from noncapital financing activities Transfers in ---100,000 100,000 80,000 Transfers [out][2,729,588][2,005,788] [497,350] -[5,232,726]- Net cash provided by [used in] noncapital financing activities [2,729,588][2,005,788] [497,350] 100,000 [5,132,726]80,000 Net increase [decrease] in cash and cash equivalents 1,002,239 2,470,052 420,283 26,127 3,918,701 1,265,206 Cash and cash equivalents, January 1 6,874,432 26,289,593 1,754,760 38,143 34,956,928 3,452,453 Cash and cash equivalents, December 31 7,876,671$28,759,645$2,175,043$64,270$ 38,875,629$4,717,659$ Business-Type Activities: Enterprise Funds CITY OF SALINA, KANSAS STATEMENT OF CASH FLOWS For the Year Ended December 31, 2020 PROPRIETARY FUNDS The notes to the basic financial statements are an integral part of this statement. 28 Total Internal Solid Waste Water and Enterprise Service Disposal Sewer Sanitation Golf Course Funds Funds Reconciliation of operating [loss] income to net cash provided by [used in] operating activities Operating income [loss]1,311,136$ 7,044,220$ 667,824$ 134,193$ 9,157,373$ 903,576$ Adjustments to reconcile operating income [loss] to net cash provided by [used in] operating activities Depreciation expense 152,926 3,543,387 161,378 43,234 3,900,925 362 [Increase] decrease in accounts receivable 35 332,022 37,435 -369,492 - [Increase] decrease in inventory -48,494 -11,203 59,697 26,673 [Increase] decrease in deferred outflows [70,780] [344,505][80,102] [85,115][580,502][24,376] Increase [decrease] in accounts payable [6,918] 121,544 [3,711] 3,044 113,959 [660] Increase [decrease] in retainage payable -58,119 --58,119 - Increase [decrease] in accrued compensated absences [6,276] [17,252]7,760 [46,560] [62,328][1,145] Increase [decrease] in claims payable -----250,505 Increase [decrease] in net pension liability 85,168 421,937 97,737 101,638 706,480 31,639 Increase [decrease] in net KPERS OPEB obligation 8,288 9,979 1,625 17,892 37,784 [1,405] Increase [decrease] in net OPEB obligation 8,891 91,333 21,418 [1,808] 119,834 - Increase [decrease] in meter deposits payable -55,812 --55,812 - Increase [decrease] in deferred inflows 5,215 24,467 6,269 5,191 41,142 37 Net cash provided by [used in] operating activities 1,739,142$ 11,389,557$917,633$ 182,912$ 14,229,244$1,185,206$ Business-Type Activities: Enterprise Funds CITY OF SALINA, KANSAS STATEMENT OF CASH FLOWS PROPRIETARY FUNDS (Continued) For the Year Ended December 31, 2020 The notes to the basic financial statements are an integral part of this statement. 29 Custodial Fund ASSETS Cash and investments 751$ Total assets 751 LIABILITIES AND NET POSITION Liabilities Accounts payable - Total liabilities - NET POSITION Restricted for individuals, organizations and other governments 751$ December 31, 2020 CITY OF SALINA, KANSAS STATEMENT OF FIDUCIARY NET POSITION FIDUCIARY FUNDS The notes to the basic financial statements are an integral part of this statement. 30 Custodial Fund ADDITIONS Miscellaneous 7,314$ Total additions 7,314 DEDUCTIONS Contractual services 5,551 Total deductions 5,551 Change in net position 1,763 Net position, January 1 [1,012] Net position, December 31 751$ CITY OF SALINA, KANSAS STATEMENT OF CHANGES IN FIDUCIARY NET POSITION FIDUCIARY FUNDS December 31, 2020 The notes to the basic financial statements are an integral part of this statement. 31 32 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A.Reporting Entity The City of Salina, Kansas (the City) is a municipal corporation governed by a mayor as part of a five-member commission. These financial statements present the City and its component units, entities for which the government is considered to be financially accountable. Each discretely presented component unit is reported in a separate column in the government wide statements (see note below for descriptions)to emphasize that it is legally separated from the government.The blended component unit is reported as a governmental fund of the City (see note below for description) to emphasize that it is a part of the City. Discretely Presented Component Units City of Salina Airport Authority -The Salina Airport Authority was created for the purpose of accepting as surplus property portions of the former Schilling A.F.B that was closed by the United States Department of Defense in June 1965. O ne of the primary functions of the Airport Authority is to facilitate the continued growth of jobs and payroll at the Airport Industrial Center. The Airport Authority is managed and controlled by a five- member Board of Directors appointed by the Salina City Commission. Any director may be removed by a majority vote of the Salina City Commission. The Airport Authority’s basic mill levy (up to 3 mills) requires the approval of the City Commission. The Commission must also approve the issuance of general obligation debt by the Airport Authority. The Airport Authority has a December 31 fiscal year end. Housing Authority of the City of Salina -The purpose of the Housing Authority of the City of Salina (Housing Authority) is to administer Public Housing Programs authorized by the United States Housing Act of 1937. T he Mayor of the City of Salina appoints the governing board. The City Commission may remove commissioners of the Housing Authority. The City must issue revenue bonds for the Housing Authority. The financial liability of the Housing Authority is essentially supported by the operating and debt service subsidies received under contract from the Federal government. The Housing Authority has a June 30 fiscal year end. Information in the accompanying financial statements covers the fiscal year ended June 30, 2020. Blended Component Unit Salina Field House Qualified Active Low-Income Community Business, Inc.(SFH QalicB)-SFH QalicB was created to function as a qualified low-income community business, as defined in Section 45D(d)(2) of the Internal Revenue Code of 1986 for the purpose of providing an indoor sports facility in the downtown corridor of the City of Salina. The purpose of the facility is to cater to local residents as well as host regional sports tournaments with the anticipation of becoming a regional destination for youth athletics. This mix of participation is expected to provide the most consistent visitation and tourism for the downtown district. The SFH QalicB is managed and controlled by a five-member Board of Directors appointed by the Salina City Commission. The field house is staffed by City of Salina employees. SFH QalicB has a December 31 fiscal year end.SFH QalicB is a not-for-profit organization exempt from income tax under Section 50l(c)(3)of the Internal Revenue Code and is exempt from similar state and local taxes. Complete financial statements for each of the individual component units may be obtained at the entity’s administrative offices. Salina Airport Authority Housing Authority of Sal ina Field House 3237 Ar nold Ave.the City of Salina QALICB, Inc. Salina, KS 469 S. 5th 300 W. Ast St. Sal ina, KS Sal ina, KS Joint Ventures The City of Salina also participates with Saline County in one joint venture. The City and County organized the Salina County-City Building Authority to acquire, operate and maintain facilities for the administrative offices of both governments. The primary governments each have an ongoing financial responsibility for the joint venture. Separate financial statements are available from the governing board of the joint venture. 33 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) A.Reporting Entity (Continued) Joint Ventures (Continued) (K ans as Regulatory Basis) Building Authori ty (Audit ed) To tal unencumbered cash, Dec em ber 31, 2020 1,928,199$ To tal change in unencumbered cash, year ended Dec ember 31, 2020 331,741 To tal cash rec eipt s, year ended Dec ember 31, 2020 1,636,400 To tal cash rec eipt s from Cit y of Salina 502,042 Complete financial statements for the joint venture may be obtained at the entity’s administrative office. Salina County-City Building Authority 300 West Ash Street Salina, KS B.Government-wide and fund financial statements The statement of net position and the statement of activities report information on all of the nonfiduciary activities of the primary government and its component units. For the most part, the effect of interfund activity has been removed from these statements. Exceptions to this general rule are charges between the City’s governmental and business-type activities. Elimination of these charges would distort the direct costs and program revenues reported for the various functions concerned. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. L ikewise, the primary government is reported separately from certain legally separate component units for which the primary government is financially accountable. The statement of activities demonstrates the degree to which the direct expenses of a given function are offset by program revenues. Direct expenses are those that are specifically associated with a service, program or department and therefore clearly identifiable to a particular function. Program revenues include charges paid by the recipient of the goods or services offered by the program and grants and contributions that are restricted to meeting the operational requirements of a particular program. Taxes and other items, which are not classified as program revenues,are presented as general revenues of the City. Separate financial statements are provided for governmental funds, proprietary funds and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual funds are reported as separate columns in the fund financial statements. N onmajor funds are aggregated and presented in a single column in the fund financial statements. C.Measurement Focus, Basis of Accounting and Basis of Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. G rants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. 34 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C.Measurement Focus, Basis of Accounting and Basis of Presentation (Continued) Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the City considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to certain compensated absences and claims and judgments are recognized when the obligations are expected to be liquidated with expendable available financial resources. Property taxes and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. Entitlements and shared revenues are recorded at the time of receipt or earlier if the susceptible to accrual criteria are met. Expenditure- driven grants are recognized as revenue when the qualifying expenditures have been incurred and all other grant requirements have been met. Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in net position. Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing goods and services in connection with a proprietary fund’s ongoing operations. The principal operating revenues of the City’s proprietary funds are charges to customers for sales and services. Operating expenses for enterprise funds and internal service funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenue and expenses not meeting this definition are reported as nonoperating revenues and expenses. The internal service funds account for risk management, worker’s compensation, health insurance, central garage and information services that are provided to other departments or agencies of the government, or to other governments, on a cost-reimbursement basis. The fiduciary funds are used by the City to accounts for resources held by the City for the benefit of a third part. Because the resources of these funds are not available for the City’s operations, they are not presented in the government-wide financial statements. The City’s lone fiduciary fund is reported as a custodial fund. The City reports the following major governmental funds: General Fund -To account for resources traditionally associated with government, which are not required legally,or by sound financial management,to be accounted for in another fund. Tourism and Convention Fund -To account for transient guest tax revenues, which are specifically restricted to promotion and tourism activities. Special Gas Fund -To account for the City's share of motor fuel tax revenues, which are legally restricted to the maintenance or improvement of streets within the City. Sales Tax Capital Fund -To account for 58% of the 1.25 cent sales tax designated for capital, debt, and human services purposes. Schilling Capital Improvement Fund -To account for the funding provided by U.S. Government and Public Entities and the remedial investigation, feasibility study and expenditures necessary to abate groundwater contamination beneath the property formerly identified as Schilling Air Force Base. Debt Service Fund -To account for the accumulation of resources and payment of general obligation bond principal and interest from governmental resources and special assessment bond principal and interest from special assessment levies when the City is obligated in some manner for the payment. 35 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C.Measurement Focus, Basis of Accounting and Basis of Presentation (Continued) Capital Projects Fund -To account for the acquisition and construction of major capital facilities other than those financed by proprietary funds and trust funds. SFH QalicB Fund -To account for the activities of Salina Field House Qualified Active Low-Income Community Business, Inc. as a component unit blended into the financial statements. The City reports the following major proprietary funds: Sanitation Fund -To account for the operations of the City's refuse collection service. Solid Waste Disposal Fund -To account for the activities of the City's landfill. Golf Course Fund -To account for the operations of the municipal golf course. Water and Sewer Fund -To account for the activities of the City's water and sewer operations. Additionally, the City reports the following as a fiduciary fund: Fire insurance proceeds fund -To account for insurance proceeds received for severely damaged buildings the insurance proceeds, plus interest, are returned to the property owners when the buildings are repaired or demolished. D. Assets, Liabilities, Fund Balance, and Net Position 1.Pooled cash and investments The City maintains a cash and investment pool that is available for use by all funds managed by the City. Each fund type’s portion of this pool is displayed in the financial statements as “Cash and Investments.” The City’s cash and cash equivalents are considered to be cash on hand, demand deposits and short-term investments with original maturities of three months or less from the date of acquisition. Investments in the Kansas Municipal Pool are carried at fair value. Cash balances from all funds are invested to the extent available in certificates of deposit and other authorized investments. Investments with maturity dates greater than three months are stated separately. Earnings from these investments, unless specifically designated, are allocated monthly to the investing fund based on the percentage of funds invested to total investments. All investments are carried at fair value. 2.Receivables and Payables Transactions between funds that are representative of lending/borrowing arrangements outstanding at the end of the year are referred to as either “interfund receivables/payables” (i.e., the current portion of interfund loans) or “advances to/from other funds” (i.e., the non-current portion of interfund loans). All other outstanding balances between funds are reported as “due to/from other funds.” Accounts Receivable. The City records revenues when services are provided. All receivables are shown net of an allowance for doubtful accounts. Property taxes receivable. Collection of current year property tax by the County Treasurer is not completed, apportioned or distributed to the various subdivisions until the succeeding year, such procedure being in conformity with governing state statutes. Consequently, current year property taxes receivable are not available as a resource that can be used to finance the current year operations of the City and, therefore, are not susceptible to accrual. Accruals of uncollected current year property taxes are offset by deferred revenue and are identical to the adopted budget for 2021. It is not practicable to apportion delinquent taxes held by the County Treasurer at the end of the accounting period, and further, the amounts thereof are not material in relationship to the financial statements taken as a whole. 36 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) D. Assets, Liabilities, Fund Balance and Net Position (Continued) 2.Receivables and Payables (Continued) The determination of assessed valuations and the collection of property taxes for all political subdivisions in the State of Kansas are the responsibility of the various counties. The County Appraiser annually determines assessed valuations on January 1 and the County Clerk spreads the annual assessment on the tax rolls. The County Treasurer is the tax collection agent for all taxing entities within the County. In accordance with state statutes, property taxes levied during the current year are a revenue source to be used to finance the budget of the ensuing year. Property taxes are levied and liens against property are placed on November 1 of the year prior to the fiscal year for which they are budgeted. P ayments are due November 1, becoming delinquent, with penalty, December 21. Payments of 50% are accepted through December 20, with the second 50% then being due on or before May 10 of the following year. This procedure eliminates the need to issue tax anticipation notes since funds will be on hand prior to the beginning of each fiscal year. The City Treasurer draws down all available funds from the County Treasurer’s office in two-month intervals. Taxes remaining due and unpaid at February 15 and July 1 are subject to collection procedures prescribed in state statutes. 3.Inventories and Prepaid Items Inventories are valued at cost using the first-in/first-out (FIFO) method. The costs of governmental fund-type inventories are recorded as expenditures when consumed. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items. 4.Capital Assets Capital assets, which include property, plant, equipment and infrastructure assets, are reported in the applicable governmental or business-type activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation. Capital assets used in governmental fund types of the City are recorded at cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at their estimated fair value at the date of donation. The cost of normal maintenance and repairs that do not add to the value of the assets or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed. I nterest incurred during the construction phase of capital assets of business-type is included in the capitalized value of the asset constructed, net of interest earned on the invested proceeds over the same period. Property, plant and equipment of the primary government, are depreciated using the straight-line method over the following estimated useful lives: Assets Years Buildings 50 Other equipment 5 -15 Vehicles 6 -10 Infrastructure 30 -50 37 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) D.Assets, Liabilities, Fund Balance, and Net Position (Continued) 5.Compensated Absences It is the City’s policy to permit employees to accumulate earned but unused vacation and sick pay benefits. All employees of the City, except temporary and part time employees, may accumulate sick leave at a rate of 8 or 11 hours per month depending on their work duty schedule. There is no limit on the amount of sick leave that can be accumulated. Employees with more than five years of service with the City are paid for one-third of their accumulated sick leave at their current wage scale upon termination of employment in good standing. In 2001, a limited buy back policy was instituted. All regular employees are entitled to paid vacation time. Such leave is granted each year of employment. Employees must use 50% of leave accrued each calendar year and an employee's maximum accrued vacation leave balance cannot exceed 250 hours (or 350 hours for employees working 24-hour shifts). Employees are paid for all accumulated vacation leave at their current wage scale upon termination of employment. Vested or accumulated vacation leave that is expected to be liquidated with expendable available financial resources is reported as an expenditure and a fund liability in the government fund financial statements that will pay it. A liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of employee resignations and retirements. Vested or accumulated vacation leave of the business-type funds and government wide financial statements are recorded as an expense and liability of those funds as the benefits accrue to employees. A liability is recorded for accumulated rights to receive sick pay benefits that are payable upon termination of employment. The General Fund, Bicentennial Center Fund, Central Garage Fund, Sanitation Fund, Solid Waste Fund, Golf Course Fund, and Water and Sewer Fund have been used in prior years to liquidate the liability for compensated absences. 6.Temporary Notes Upon authorization for the issuance of general obligation bonds for certain improvements, Kansas law permits the temporary financing of such improvements by the issuance of temporary notes. Temporary notes issued may not exceed the aggregate amount of bonds authorized, are interest bearing and have a maturity date not later than four years from the date of issuance of such temporary notes. Temporary notes outstanding are retired from the proceeds of the sale of general obligation bonds. 7.Long-term Obligations In the government-wide financial statements, and proprietary fund types in the fund financial statements, long- term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities, or proprietary fund type statement of net position. Bond premiums and discounts, as well as issuance costs, are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are reported as deferred charges and amortized over the term of the related debt. In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. 38 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) D.Assets, Liabilities, Fund Balance, and Net Position (Continued) 8. Fund Balances In the fund financial statements, governmental funds report fund balance in the following classifications: nonspendable, restricted, committed, assigned and unassigned. Nonspendable fund balance includes amounts that cannot be spent because they are either not in spendable form or legally or contractually required to be maintained intact. Restricted fund balance indicates that constraints have been placed on the use of resources either by being externally imposed by creditors, grantors, contributors, or laws or regulations of other governments or imposed by law through constitutional provisions or enabling legislation. Committed fund balances include amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the city commission. Assigned fund balances include amounts that are constrained by the City management’s intent to be used for specific purposes but are neither restricted nor committed. Unassigned fund balance represents fund balance that has not been assigned to other funds and that has not been restricted, committed, or assigned to specific purposes within the General Fund. When an expenditure is incurred for purposes for which both restricted and unrestricted fund balance is available restricted amounts are considered to be spent first.When an expenditure is incurred for purposes for which committed, assigned, or unassigned fund balance is available, the following is the order in which resources will be expended: committed, assigned and unassigned. The following is the detail for fund balance classifications in the financial statements: Tourism Schilling Other Total and Special Sales Tax Capital Debt Capital SFH Governmental Governmental General Convention Gas Capital Im provement Service Projects QalicB Funds Funds Fund Balances : Nons pendable for: Inventory 183,768$ -$ -$ -$ -$ -$ -$ -$ -$ 183,768$ Res tricted for: Public works - - 2,233,811 - - - - - - 2,233,811 Public health and sanitation - - - - - - - - 234 234 Culture and recreation - - - - - - - - 465,773 465,773 Planning and development - 326,862 - - - - - - 228,706 555,568 Debt pay ments - - - - - 1,724,117 - - 800 1,724,917 Committed for: Public safety - - - - - - - - 214,419 214,419 Culture and recreation - - - - - - - - 734,724 734,724 Planning and development - - - - - - - 1,560,626 364,668 1,925,294 Cemetery - - - - - - - - 536,838 536,838 Capital improvements - - - 4,065,778 1,493,977 - - - 4,254,020 9,813,775 Assigned for: General government 20,863 - - - - - - - - 20,863 Public safety 37,672 - - - - - - - 176,649 214,321 Public works - - - - - - - - - - Culture and recreation 12,695 - - - - - - - 12,610 25,305 Capital improvements 173,204 - 632,092 1,143,714 - - - - - 1,949,010 Unas signed:14,714,061 - - - - - [4,027,807] - - 10,686,254 Total Fund Balances 15,142,263$326,862$ 2,865,903$5,209,492$1,493,977$1,724,117$[4,027,807]$1,560,626$6,989,441$ 31,284,874$ Major Governmental Funds 39 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) D.Assets, Liabilities, Fund Balance, and Net Position (Continued) 9.Deferred Outflows/Inflows of Resources In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The City reports a deferred charge on bond issuance reported in the government-wide statement of net position. A deferred charge on bond issuance results from the difference in the carrying value of the debt and its reacquisition price. This amount is deferred and amortized over the life of the debt. Additionally, changes in the pension and OPEB plan liability proportion and assumptions, net difference between projected and actual earnings on pension plan and OPEB plan investments and differences between pension and OPEB plan liability expected and actual experience are reported as deferred outflows of resources in the government activities. In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. Unavailable revenue-property taxes is reported in the governmental funds balance sheet and the governmental activities in the government-wide statement of net position. Additionally, differences between expected and actual experience, changes in assumptions, and changes in the pension liability and OPEB plan proportion are reported as deferred inflows. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available. 10.Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. 11.Net Position Net position represents the difference between assets and liabilities. Net investment in capital assets consists of capital assets, net of accumulated depreciation, reduced by the outstanding balances of any borrowings used for the acquisition, construction or improvement of those assets. Net position is reported as restricted when there are limitations imposed on their use either through the enabling legislation adopted by the City or through external restrictions imposed by creditors, grantors or laws or regulations of other governments. Note 2. STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY A.Budgetary Information Kansas statutes require that an annual operating budget be legally adopted for the general fund, special revenue funds (unless specifically exempted by statute), debt service fund, and enterprise funds. The statutes provide for the following sequence and timetable in the adoption of the legal annual operating budget: 1.Preparation of the budget for the succeeding year on or before August 1. 2.Publication in local newspaper of the proposed budget and notice of public hearing on the budget on or before August 5. 3.Public hearing on or before August 15, but at least ten days after publication of notice of hearing. 4.Adoption of the final budget on or before August 25. 40 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 2. STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY (Continued) A.Budgetary Information (Continued) The statutes allow the governing body to increase the originally adopted budget for previously unbudgeted increases in revenue other than ad valorem property taxes. To do this, a notice of public hearing to amend the budget must be published in the local newspaper. At least ten days after publication the hearing may be held and the governing body may amend the budget at that time. The 2020 budget was amended for the Business Improvement District, Bicentennial Center and Sanitation funds. The statutes permit management to transfer budgeted amounts between line items within an individual fund. However, such statutes prohibit expenditures in excess of the total amount of the adopted budget of expenditures of individual funds. Budget comparison statements are presented for each fund showing actual receipts and expenditures compared to legally budgeted receipts and expenditures. All legal annual operating budgets are prepared using the statutory basis of accounting, in which, revenues are recognized when cash is received, and expenditures include disbursements, accounts payable, and encumbrances. Encumbrances are commitments by the municipality for future payments and are supported by a document evidencing the commitment, such as a purchase order or contract. All unencumbered appropriations (legal budget expenditure authority) lapse at year end. A legal operating budget is not required for capital projects funds, the SFH QalicB fund, non-major debt service funds, trust funds, permanent funds, and the following special revenue funds: Community Development Revolving, Downtown TIF District #1, South 9th CID,Downtown CID, Alley CID, Downtown Hotel CID,STAR Bonds Subprojects, State Grants, 911 Communications, Kenwood Cove Capital, Special Law Enforcement, Police Grants, Federal Grants, DARE Donations,War Memorial Maintenance, Federal CARE Grant, Police Department Federal Forfeiture,Homeowners’ Assistance, Private Grants, Animal Shelter Donations, Special Assessments Escrow, Court Bond and Restitution, Police Investigation Account, Citizenship, DTF Local, DTF Reserve, Beechcraft Remediation Settlement and Bail Bond Escrow funds. A legal operating budget is not required for Internal Service Funds, however, actual to budget comparisons for these funds that present budgets to the Commissioners are shown strictly for informational purposes. Spending in funds, which are not subject to the legal annual operating budget requirements are controlled by federal regulations, other statutes, or by the use of internal spending limits established by the governing body. B.Legal Debt Margin The City is subject to the municipal finance law of the state of Kansas which limits the bonded debt (exclusive of revenue bonds and special assessment bonds) the city may have outstanding to 30 percent of the assessed value of all tangible taxable property within the city, as certified to the county clerk on the proceeding August 25.At December 31, 2020, the statutory limit for the City was $152,746,389, providing a debt margin of $86,997,826. 41 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 3. RESTATEMENT OF EQUITY During the year ended December 31, 2020, the City implemented GASB Statement No. 84, Fiduciary Activities. The principal objective of this Statement is to enhance the consistency and comparability of fiduciary activity reporting by state and local governments. This Statement is also intended to improve the usefulness of fiduciary activity information primarily for assessing the accountability of governments in their roles as fiduciaries. As a result of the implementation, ten of the City’s fiduciary funds combined with the General Fund or were reclassified as special revenue funds and their fund balances as of January 1, 2019, were restated. Also during the year ended December 31, 2020, management discovered certain errors that occurred in the prior year. The effects of these items caused a restatement to net position or fund balance as follows: Other Solid Governm ent al Governm ent al Waste Water and Activi ties General Funds Dis posal Sewer Net Position/Fund Balanc e, 138,358,514$9,307,174$4,670,517$ 5,640,478$85,218,779$ Dec ember 31, 2019 Prior Peri od Adjus tment [9,303,272] 196,236 425,644 1,959,983 [1,959,983] Net Position/Fund Balanc e, Dec ember 31, 2019, Res tated 129,055,242$9,503,410$5,096,161$ 7,600,461$83,258,796$ Note 4. DETAILED NOTES ON ALL FUNDS A.Deposits and Investments The City’s cash is considered to be active funds by management and is invested according to KSA 9-1401. The statute requires that banks eligible to hold active funds have a main or branch bank in the county in which the City is located or in a c ounty adjacent to the City and the banks provide an acceptable rate for active funds. Various City investments are considered to be idle funds by management and are invested according to KSA 12-1675. The statute requires that the City invest its idle funds in only temporary notes of the City, bank certificates of deposit, repurchase agreements, and if eligible banks do not offer an acceptable rate for the funds: U.S. Treasury bills or notes or the Municipal Investment Pool (KMIP). Maturities of the above investments may not exceed two years by statute. Some of the City’s investments are of bond proceeds invested pursuant to KSA 10-131. This statute allows additional investment authority beyond that of KSA 12-1675. Investments of bond proceeds may follow KSA 12-1675 or include other investments such as the KMIP, direct obligations of the U.S.government or any agency thereof, investment agreements with a financial institution the obligations of which at the time of investment are rated in either of the three highest rating categories by Moody’s investors service or Standard and Poor’s corporation, and various other investments as specified in KSA 10-131. At December 31, 2020, the City has the following investments: Inves tment Type Fair Value Rat ing Kansas Municipal Inve stment Pool 318,077$ S&P AAAf/S1+ Total fair va lue 318,077$ 42 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 4. DETAILED NOTES ON ALL FUNDS (Continued) A.Deposits and Investments (Continued) The municipal investment pool is under the oversight of the Pooled Money Investment Board. The board is comprised of the State Treasurer and four additional members appointed by the State Governor. The board reports annually to the Kansas legislature. State pooled monies may be invested in direct obligations of, or obligations that are insured as to principal and interest by the U.S. government or any agency thereof, with maturities up to four years. No more than 10 percent of those funds may be invested in mortgage-backed securities. In addition, the State pool may invest in repurchase agreements with Kansas banks or with primary government securities dealers. The City’s investment policy provides direction on concentration risk. The City policy states that funds shall be diversified to reduce the extent of losses due to having an unbalanced portfolio in terms of maturities, instrument type, and issuers. Therefore, portfolio maturities shall be staggered to avoid undue concentration of assets in a specific maturity sector. Liquidity, free of market risk, shall be assured through practices insuring that the next disbursement date and payroll date are covered through maturing investments, marketable U.S. Treasury Bills, the Municipal Investment Pool, or money market accounts. Default risk shall be minimized by requiring that all security purchases occur on a delivery vs. payment basis, and that all securities are adequately collateralized. Risk of market price volatility shall be controlled through the adoption of a "buy and hold" strategy whereby the City holds each investment to maturity, coupled with maintenance of an adequate liquidity position to insure the ability to meet normal anticipated cash flow needs. When advantageous, it is allowable to sell investments to realize a gain due to price fluctuations; however, such transactions shall not be a part of the normal course of business. The City recognizes that investment risks can result from issuer defaults, market price changes or various technical complications leading to temporary illiquidity. Portfolio diversification is employed as a way to control risk due to issuer default. In the event of a default by a specific issuer, the Director of Finance and Administration shall review, and, if appropriate, proceed to liquidate securities having comparable credit risks. Custodial credit risk is the risk that in the event of a bank failure, the City’s deposits may not be returned to it. The City’s deposit policy for custodial credit risk require that the depository banks will maintain 100% security in the form of FDIC coverage and pledged collateral according to KSA 9-1402. As of December 31, 2020 the City’s deposits were considered fully secured. Restricted cash is comprised of a construction account, an interest reserve account (the "Interest Reserve"), and an expense reserve account (the "Operating Reserve") related to the SFH QalicB blended component unit. The Interest Reserve and the Operating Reserve accounts are available as part of the loans payable financing (see Note 4E). As of December 31, 2020, the balance of the construction account, Interest Reserve, and Operating Reserve was $0, $208,864, and $126,633, respectively. 43 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 4. DETAILED NOTES ON ALL FUNDS (Continued) B.Receivables Receivables as of year-end, including the applicable allowances for doubtful accounts, are as follows: Touris m and Special Debt SFH Ot her General Convention Gas Service QalicB Government al Subt otal Primary Government Receivables : Accounts 7,642,984$ 326,008$ -$ -$ 1,235,034$11,365$ 9,215,391$ Tax es 10,934,927 - 305,807 3,121,345 - - 14,362,079 Interes t 10,391 - - - - - 10,391 Gros s rec eiva bles 18,588,302 326,008 305,807 3,121,345 1,235,034 11,365 23,587,861 Les s: allowance for uncollectibles [6,055,545] - - - - [8,078] [6,063,623] Total 12,532,757$326,008$ 305,807$3,121,345$1,235,034$3,287$ 17,524,238$ Solid Water Waste and Disposal Sewer Sanitation Total Primary Government Receivables : Accounts 198,287$ 2,146,899$368,051$ 11,928,628$ Tax es - - - 14,362,079 Interes t 16 - - 10,407 Gros s rec eiva bles 198,303 2,146,899 368,051 26,301,114 Les s: allowance for uncollectibles - [900,739] [148,108] [7,112,470] Total 198,303$ 1,246,160$219,943$ 19,188,644$ Component Units Salina Airport Authori ty Accounts 99,749$ Grant s 750,000 Less: allowanc e for unc ollec tibles [1,500] Total Salina Airport Authority 848,249 Salina Housing Authority Accounts 27,872 Less: allowanc e for unc ollec tibles [2,592] Total Salina Hous ing Authority 25,280 Total 873,529$ C.Interfund Receivables and Payables The composition of interfund balances as of December 31, 2020, is as follows: Fund Ty pes Due From Due To General Fund 31,989$ -$ Ot her Governmental Funds - 31,989 31,989$ 31,989$ The City uses interfund receivables and payables between the General Fund and Other Governmental Funds as needed when pooled cash is negative within a fund until investments mature or grant proceeds are received. All payables are cleared in less than one year. 44 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 4. DETAILED NOTES ON ALL FUNDS (Continued) D.Capital Assets Capital asset activity for the year ended December 31, 2020, was as follows: Balance Ad j. Bal.Balance 12/31/2019 Ad justm ents 12/31/2019 Ad ditions Retirem ents 12/31/2020 City governm ental activities: Gove rnm ental activities: C apital assets , not being depreciated C ons truction in progress 45,227,729$ [9 ,925,152]$35,302,577$ 8,686,394$ 17,767,814$26,221,157$ Land 24,223,535 - 24,223,535 - - 24,223,535 Leased land under capital leas e 422,799 - 422,799 - - 422,799 C apital assets , being depreciated In frastructure 208,508,810 - 208,508,810 17,767,814 - 226,276,624 Bu ildings and im provem ents 53,158,946 - 53,158,946 - - 53,158,946 Vehicles 10,224,294 - 10,224,294 453,480 508,250 10,169,524 Eq uipment, fu rniture and fixtures 7,279,276 - 7,279,276 210,441 5,275 7,484,442 Leasehold im provem ents 357,383 - 357,383 - - 357,383 To ta l capital assets 349,402,772 [9 ,925,152] 339,477,620 27,118,129 18,281,339 348,314,410 Less accum ulated depreciation fo r: Infrastructure 92,244,865 - 92,244,865 4,021,671 - 96,266,536 Buildings a nd im provem ents 22,602,874 - 22,602,874 1,337,773 - 23,940,647 Vehicles 7,370,391 - 7,370,391 597,748 474,017 7,494,122 Equipm ent, furniture and fi xtures 4,926,799 - 4,926,799 252,747 4,575 5,174,971 To ta l accum ulated depreciation 127,144,929 - 127,144,929 6,209,939 478,592 132,876,276 Gove rnm ental activities capital assets , n et 222,257,843$ [9 ,925,152]$212,332,691$ 20,908,190$17,802,747$215,438,134$ Bus iness-type activities : C apital assets , not being depreciated C ons truction in progress 7,526,968$ -$ 7,526,968$ 21,925,306$1,476,335$ 27,975,939$ Land 2,386,334 - 2,386,334 - - 2,386,334 C apital assets , being depreciated In frastructure 130,167,335 - 130,167,335 1,476,335 - 131,643,670 Bu ildings and im provem ents 22,579,936 - 22,579,936 - - 22,579,936 Vehicles 3,863,039 - 3,863,039 - 81,772 3,781,267 Eq uipment, fu rniture and fixtures 5,751,603 - 5,751,603 13,921 - 5,765,524 To ta l capital assets 172,275,215 - 172,275,215 23,415,562 1,558,107 194,132,670 Less accum ulated depreciation fo r: Infrastructure 50,343,716 - 50,343,716 3,006,824 - 53,350,540 Buildings a nd im provem ents 14,060,793 - 14,060,793 415,804 - 14,476,597 Vehicles 2,575,294 - 2,575,294 208,311 81,772 2,701,833 Equipm ent, furniture and fi xtures 4,216,095 - 4,216,095 269,983 - 4,486,078 To ta l accum ulated depreciation 71,195,898 - 71,195,898 3,900,922 81,772 75,015,048 Bus iness-type activities capital assets , n et 101,079,317$ -$ 101,079,317$ 19,514,640$1,476,335$ 119,117,622$ 45 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 4. DETAILED NOTES ON ALL FUNDS (Continued) D.Capital Assets (Continued) The City’s depreciation expense was charged to governmental functions as follows: Governm ental Activities: General government 59,708$ Public safet y 596,885 Public work s 4,391,637 Public health 31,110 Culture and recreat ion 797,125 Planning and development 333,474 Total depreciation 6,209,939$ Busines s-type Activi ties: Solid W as te Dis pos al 152,926$ Water and Sewer 3,543,385 Sanitation 161,378 Golf Course Division 43,233 Total depreciation 3,900,922$ E.Long-Term Debt Following is a summary of changes in long-term debt for fiscal year 2020: Balanc e Balanc e Amounts January 1, De cemb er 31,Du e Within 2020 Additions De letions 2020 One Y ear Go vernme ntal activities : Ge ner al obligation bonds 57,623,908$ 8,053,404$ 6,346,331$ 59,330,981$ 4,699,145$ Loans payable 12,199,016 13,963 -12,212,979 - OPEB liability 3,121,647 437,137 461,244 3,097,540 - KPERS OPEB liability 349,412 54,788 1,523 402,677 - Ne t pens ion liability 28,968,806 5,602,584 -34,571,390 - Accrued c ompens ation 2,786,077 1,149,819 1,238,890 2,697,006 1,238,890 Te mp orar y notes 11,170,000 7,050,000 11,170,000 7,050,000 7,050,000 To tal 116,218,866$22,361,695$19,217,988$119,362,573$12,988,035$ Bus ines s-type ac tivities : Ge ner al obligation bonds 4,116,515$ 6,440,539$ 1,449,064$ 9,107,990$ 1,118,207$ Re venue bonds 11,122,175 -781,015 10,341,160 816,015 Loans payable 22,539,686 18,475,071 5,088,730 35,926,027 375,071 OPEB liability 397,680 179,164 59,330 517,514 - KPERS OPEB liability 156,983 38,520 736 194,767 - Ne t pens ion liability 3,148,126 706,480 -3,854,606 - Accrued c ompens ation 656,639 210,673 273,001 594,311 273,001 To tal 42,137,804$ 26,050,447$7,651,876$ 60,536,375$ 2,582,294$ Co mp onent Units : Ge ner al obligation bonds 22,425,000$ 2,100,000$ 1,425,000$ 23,100,000$ 3,730,000$ Les s unamortized dis count [17,703] -[861][18,564] - Leas e purc hase agr eement -460,000 -[18,564]39,942 Spec ial as sessment debt 4,805 -2,350 2,455 2,455 KPERS OPEB obligation 13,338 586 -13,924 - Ne t pens ion liability 632,856 82,814 -715,670 - To tal c omponent units 23,058,296$ 2,643,400$ 1,426,489$ 23,794,921$ 3,772,397$ 46 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 4. DETAILED NOTES ON ALL FUNDS (Continued) E.Long-Term Debt (Continued) The following is a detailed listing of the City’s long-term debt including general obligation bonds, revenue bonds, temporary notes and loans payable: Primary Government Original Interes t Bonds General Obligation Bonds Is sue Rat es Outstanding Internal Improvem ents 2011A, due 10/1/2031 6,587,985$ 2.00% to 5.00%376,151$ Internal Improvem ents 2013A, due 10/1/28 1,369,380 3.00% to 4.00%820,005 Internal Improvem ents 2013B, due 10/1/33 4,485,073 0.60% to 3.65%2,760,796 Internal Improvem ents 2014A, due 10/1/34 7,839,050 2.50% to 3.75%4,493,337 Im provement and Refunding 2015A, due 10/1/35 7,157,688 2.00% to 4.00%5,409,518 Internal Improvem ents 2016A, due 10/1/36 6,681,766 2.00% to 3.00%5,594,414 Refunding 2016B, due 10/1/2031 15,141,004 2.00% to 5.00%12,877,933 Internal Improvem ents 2017A, due 10/1/37 9,388,370 3.00% to 3.375%8,416,616 Internal Improvem ents 2018A, due 10/1/33 2,090,000 3.15% to 4.00%1,925,524 Internal Improvem ents 2019A, due 10/1/39 11,090,000 3.00% to 4.00%11,270,734 Internal Improvem ents 2020A, due 10/1/35 5,450,610 2.00% to 3.00%5,450,610 Internal Improvem ents 2020B, due 10/1/36 9,043,333 2.00% to 3.00%9,043,333 Total general obligation bonds 68,438,971$ Revenue Bonds Revenue & Refunding 2019, due 10/1/31 11,122,175$ 3.00%10,341,160$ Total revenue bonds 10,341,160$ Temporary Not es Series 2020-1, due 5/1/21 7,050,000$ 1.00%7,050,000$ Total temporary not es 7,050,000$ Loans Payable Kans as Public Water Supply, due 8/1/34 9,330,000$ 2.12%6,044,214$ Kans as Public Water Supply, due 2/1/40 32,000,000 2.33%25,397,675 Kans as Public Water Supply, due 2/1/40 4,250,000 2.33%3,387,022 Kans as Water Pollution Control, due 3/1/35 2,250,000 2.54%1,097,118 Dak otas & CNMC Not es , due 12/10/50 12,640,000 1.58%12,212,979 Total loans payable 48,139,008$ 47 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 4. DETAILED NOTES ON ALL FUNDS (Continued) E. Long-Term Debt (Continued) Original Interes t Bonds Is sue Rat es Out standing Component Unit Salina Airport Authority General Obligation Debt General Obligat ion 2015A, due 2025 3,075,000$2.67%600,000$ General Obligat ion 2017A, due 2030 10,255,000 3.04%10,010,000 General Obligat ion 2017B, due 2025 4,835,000 3.02%4,760,000 General Obligat ion 2019A, due 2029 675,000 2.78%615,000 General Obligat ion 2019B, due 2023 3,455,000 2.92%2,765,000 General Obligat ion Te mporary Not es 2019-1, due 2021 2,250,000 2.50%2,250,000 General Obligat ion Te mporary Not es 2020-1, due 2023 2,100,000 0.48%2,100,000 Les s unamortized bond premium 23,116 Les s unamortized bond dis count [41,680] To tal general obligation bonds 23,081,436 Ta xable Leas e Purc has e Agreement Bldg. 824 Capital Leas e, due 2030 460,000 To tal taxable leas e purc has e agreement 460,000 Spec ial Assessment Debt Hangar 600 Sanit ary Sewer, due 2021 27,599 4.47%2,455 To tal spec ial assessment debt 2,455 To tal 23,543,891$ Annual debt service requirements to maturity for general obligation bonds to be paid with tax levies: Bonds Interes t Year Out standing Due To tal 2021 5,809,970$ 2,023,189$ 7,833,159$ 2022 5,968,819 1,803,571 7,772,390 2023 5,838,819 1,589,204 7,428,023 2024 5,643,103 1,379,557 7,022,660 2025 5,338,103 1,233,432 6,571,535 2026-2030 20,230,297 4,273,047 24,503,344 2031-2035 14,929,360 1,876,027 16,805,387 2036-2039 4,680,500 285,393 4,965,893 General Obligation - Primary Government 48 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 4. DETAILED NOTES ON ALL FUNDS (Continued) E. Long-Term Debt (Continued) Bonds Interes t Year Outstanding Due To tal 2021 3,730,000$ 615,917$ 4,345,917$ 2022 1,525,000 518,748 2,043,748 2023 3,665,000 478,020 4,143,020 2024 1,615,000 424,235 2,039,235 2025 1,660,000 381,540 2,041,540 2026 - 2030 8,995,000 1,145,810 10,140,810 2031 1,910,000 57,300 1,967,300 To tal 23,100,000$ 3,621,570$ 26,721,570$ General Obligation - Component Uni ts Annual debt service requirements to maturity for revenue bonds to be paid with utility revenues: Bonds In terest Year Outstanding Due To tal 2021 816,015$ 288,450$ 1,104,465$ 2022 841,015 265,950 1,106,965 2023 861,015 242,700 1,103,715 2024 886,015 218,850 1,104,865 2025 911,015 194,250 1,105,265 2026-2030 4,955,071 575,400 5,530,471 2031 1,071,014 30,150 1,101,164 Revenue Bonds - Primary Government Annual debt service requirements to maturity for temporary notes -to be paid through the issuance of general obligation bonds: Notes Interes t Year Outstanding Due To tal 2021 7,050,000$ 70,892$ 7,120,892$ Te mporary Notes - Primary Government 49 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 4. DETAILED NOTES ON ALL FUNDS (Continued) E.Long-Term Debt (Continued) Kansas Public Water Supply Loans.The City has engaged in a loan with the Kansas Public Water Supply Fund. The following displays annual debt service requirements to maturity for the loan payable to be paid from service revenues, for the full proceeds amount: Loans In teres t Year Outstanding Due To tal 2021 375,071$ 126,159$ 501,230 2022 383,064 118,166 501,230 2023 391,228 110,002 501,230 2024 399,566 101,664 501,230 2025 408,082 93,148 501,230 2026-2030 2,174,635 331,515 2,506,150 2031-2034 1,912,568 92,358 2,004,926 To tal 6,044,214$ 973,012$ 7,017,226$ Kans as Water Supply Loans - Primary Government During 2019, the City entered into additional loans with the Kansas Public Water Supply Fund and the Kansas Water Pollution Control Fund. The water supply loans allow the City to borrow up to $36,170,000 with a gross interest rate of 2.33%. The water pollution control loan allows the City to borrow up to $2,250,000 with a gross interest rate of 2.54%. Amortization schedules for the loans are not yet available since the loans have not been fully finalized. The purpose of the loans are to finance various water and sewer infrastructure projects throughout the City. Dakotas and CNMC Notes. Dakotas Note A -On July 27, 2016, a $6,016,500 promissory note with a maturity date of December 10, 2050,was provided to SFH QalicB by Dakotas XXII, LLC. Interest accrues on the unpaid principal balance at an interest rate of 1.582625% with annual interest-only payments due, partially in arrears and partially in advance, on the tenth day of each December through December 10, 2025. On July 27, 2023, payment of all accrued and unpaid interest through July 27, 2023,is due. Commencing on December 10, 2016, and continuing through the maturity date, annual payments of principal and interest in an amount equal to $293,276 are due. At maturity, the entire outstanding principal balance plus all accrued and unpaid interest thereon is due and payable in full. The loan may not be prepaid prior to July 27, 2023 and is secured by the Loan and Security Agreement. As of December 31, 2020, the note balance was $6,016,500. Dakotas Note B -On July 27, 2016, a $2,623,500 promissory note with a maturity date of December 10, 2050, was provided to the SFH QalicB by Dakotas XXII, LLC. Interest accrues on the unpaid principal balance at an interest rate of 1.582625% with annual interest-only payments due, partially in arrears and partially in advance, on the tenth day of each December through December 10, 2025. On July 27, 2023, payment of all accrued and unpaid interest through July 27, 2023,is due. Commencing on December 10, 2026,and continuing through the maturity date, annual payments of principal and interest in an amount equal to $127,883 are due. At maturity, the entire outstanding principal balance plus all accrued and unpaid interest thereon is due and payable in full. The loan may not be prepaid prior to July 27, 2023 and is secured by the Loan and Security Agreement. As of December 31, 2020, the note balance was $2,623,500. 50 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 4. DETAILED NOTES ON ALL FUNDS (Continued) E. Long-Term Debt (Continued) CNMC Note A -On July 27, 2016, a $2,674,000 promissory note with a maturity date of December 10, 2050, was provided to the SFH QalicB by CNMC Sub-CDE 114, LLC. Interest accrues on the unpaid principal balance at an interest rate of 1.582625% with annual interest-only payments, partially in arrears and partially in advance, on the tenth day of each December through December 10, 2025. On July 27, 2023, payment of all accrued and unpaid interest through July 27, 2023,is due. Commencing on December 10, 2026,and continuing through the maturity date, annual payments of principal and interest in an amount equal to $130,345 are due.At maturity, the entire outstanding principal balance plus all accrued and unpaid interest thereon is due and payable in full. The loan may not be prepaid prior to July 27, 2023 and is secured by the Loan and Security Agreement. As of December 31, 2020, the note balance was $2,674,000. CNMC Note B -On July 27, 2016, a $1,326,000 promissory note with a maturity date of December 10, 2050, was provided to the SFH QalicB by CNMC Sub-CDE 114, LLC. Interest accrues on the unpaid principal balance at an interest rate of 1.582625% with annual interest only payments, partially in arrears and partially in advance, on the tenth day of each December through December 10, 2025. On July 27, 2023, payment of all accrued and unpaid interest through July 27, 2023,is due. Commencing on December 10, 2026,and continuing through the maturity date, annual payments of principal and interest in an amount equal to $64,636 are due. At maturity, the entire outstanding principal balance plus all accrued and unpaid interest thereon is due and payable in full. The loan may not be prepaid prior to July 27, 2023 and is secured by the Loan and Security Agreement. As of December 31, 2020, the note balance was $1,326,000. As of December 31, 2020, the principal balance of these four loans,net of $427,021 of unamortized debt issuance costs,was $12,212,979 Annual debt service requirement to maturity for Special Assessment Debt to be paid from rental revenue: Assessment Int eres t Year Out standing Due To tal 2020 2,455$ 110$ 2,565$ To tal 2,455$ 110$ 2,565$ Spec ial Assessment Debt - Component Units 51 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 4. DETAILED NOTES ON ALL FUNDS (Continued) E. Long-Term Debt (Continued) Special assessments. As provided by Kansas statutes, projects financed in part by special assessments are financed through general obligation bonds of the City and are retired from the debt service fund. Special assessments paid prior to the issuance of bonds are recorded as revenue in the appropriate project. Special assessments received after the issuance of bonds are recorded as revenue in the debt service fund. The special assessments are not recorded as revenue when levied against the respective property owners as such amounts are not available to finance current year operations. The special assessment debt is a contingent obligation of the City to the extent of property owner defaults, which have historically been immaterial. Premises lease.On July 27, 2016, SFH QalicB entered into a lease agreement with the City for the use of the Salina Field House, as defined in the Net Lease agreement (the "Property"), under a direct financing lease. The lease term is 30 years, as defined in the Net Lease agreement. Beginning on July 1, 2017 and on the first day of each December thereafter through December 1, 2046, annual payments are due, in advance, as specified in the Net Lease agreement. For the year ended December 31, 2020, SFH QalicB earned $492,917 of rental income under the terms of the Net Lease. As of December 31, 2020, rental income of $94,825 remained receivable from the City. The following is a schedule, by year, of total minimum lease payments by the City to SFH QalicB under the direct financing lease as of December 31, 2020: Prem ises Leas es bet ween Qalic B and Ci ty 2021 130,000$ 2022 130,000 2023 162,500 2024 227,500 2025 227,500 Th ereafter 13,325,000 Ground Lease.On October 24,2018, SFH QalicB entered into a lease agreement with Salina Regional Medical Education, LLC for the use of property for parking of passenger vehicles and non-commercial trucks (the Parking Lot) by the public. SFH QalicB will have the option to acquire the Parking Lot for $1 upon the end of the lease term, which is 100 years, as defined in the Ground Lease. A one-time basic rent payment of $250,000 was due on the commencement date. There are no additional minimum lease payments due. Sales tax and Revenue (STAR) Bonds.STAR Bonds are authorized to be issued pursuant to K.S.A. 12-17, 160, et seq., as amended (the STAR Bond Act). T he STAR Bond Act provides a form of tax increment financing that enables the issuance of bonds payable from certain State and local sales and compensating use tax revenues and transient guest tax revenues generated from STAR bond projects constructed within a STAR bond project district. To implement STAR bond financing, a local government must adopt a resolution that specifies a proposed STAR bond project district’s boundary and describes the overall district plan, hold a public hearing on the district and plan, and pass a resolution that establishes the STAR bond project district. Additionally, there may be one or more projects within a STAR bond district. In accordance with the STAR Bond Act, the City has no liability for payment of bonds in the event that revenues received from sources noted above are inadequate to pay the debt incurred with the issuance of the STAR bonds. 52 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 4. DETAILED NOTES ON ALL FUNDS (Continued) E. Long-Term Debt (Continued) In connection with the issuance of STAR bonds, the City of Salina and the State of Kansas enter into a Tax Distribution Agreement. T he agreement provides that the principal of, accreted value, and interest on the STAR bonds will be paid proportionally by the City of Salina and the State of Kansas, based on each entity’s respective share of sales taxes generated within the district. These proportional shares may change in the future if the sales taxes assessed by the local or state governments are modified. On June 1, 2015, the City of Salina Commission adopted Ordinance 15-10776 establishing the district known as the Salina STAR Bond Project District. On August 22, 2016, the City held a public hearing and approved Ordinance 16-10856 adopting the STAR Bond Project Plan. On December 1, 2018, the City of Salina issued $18,250,000 in Senior Special Obligation Revenue Bonds (Series 2018-A) and $4,320,000 in Subordinate Special Obligation Revenue Bonds (Series 2018-B). As of December 31, 2020, the outstanding balances for the 2018-A and 2018-B were $18,250,000 and $4,320,000, respectively. F.Operating Leases On December 20, 2012, the City and Saline County jointly entered into a non-cancelable lease to finance a $2,750,000 heating, ventilation and air conditioning (HVAC) upgrade at the Saline County-City Building Authority. The City’s share of the lease agreement is 40% and will pay the lessor $1,100,000, plus interest, through monthly payments of $7,827 over a term of 180 months. The total cost for this lease was $93,926 for the year ended December 31, 2020. The future minimum lease payments for the lease are as follows: Year Amount 2021 93,926$ 2022 93,926 2023 93,926 2024 93,926 2025 93,926 2026-2027 187,853 To tal princ ipal and interes t 657,483 Les s: int eres t [73,758] To tal princ ipal 583,725$ G.Interfund Transfers A reconciliation of interfund transfers follows: Tr ans fer In Tr ans fer Out Major Funds : General 4,366,550$ 877,000$ Touris m and Convent ion -589,251 Spec ial Gas 160,000 - Sales Tax Capital -2,804,350 Debt Service 1,629,188 - Capital Projects 20,845,460 - Ot her governm ent al funds 1,241,413 - Solid W as te Dispos al -2,729,588 Water and Sewer 4,126,717 25,051,789 Sanitation -497,350 Golf Cours e 100,000 - Cent ral Garage 80,000 - To tal transfers 32,549,328$32,549,328$ The City uses interfund transfers to share administrative costs between funds. 53 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION A. Defined Benefit Pension Plan Description of Pension Plan. The City participates in a cost-sharing multiple-employer pension plan (Pension Plan), as defined in Governmental Accounting Standards Board Statement No. 67, Financial Reporting for Pension Plans. The Pension Plan is administered by the Kansas Public Employees Retirement System (KPERS), a body corporate and an instrumentality of the State of Kansas. KPERS provides benefit provisions to the following statewide pension groups under one plan, as provided by K.S.A. 74, article 49: Public employees, which includes: o State/School employees o Local employees Police and Firemen Judges Substantially all public employees in Kansas are covered by the Pension Plan. Participation by local political subdivisions is optional, but irrevocable once elected. Those employees participating in the Pension Plan for the City are included in the Local employees group and the Kansas Police and Firemen group. KPERS issues a stand-alone comprehensive annual financial report, which is available on the KPERS website at www.kpers.org. Benefits. Benefits are established by statute and may only be changed by the State Legislature. Members (except Police and Firemen) with ten or more years of credited service, may retire as early as age 55 (Police and Firemen may be age 50 with 20 years of credited service), with an actuarially reduced monthly benefit. Normal retirement is at age 65, age 62 with ten years of credited service, or whenever a member’s combined age and years of service equal 85. Police and Firemen normal retirement ages are age 60 with 15 years of credited service, age 55 with 20 years, age 50 with 25 years, or any age with 36 years of service. Monthly retirement benefits are based on a statutory formula that includes final average salary and years of service. When ending employment, members may withdraw their contributions from their individual accounts, including interest. Members who withdraw their accumulated contributions lose all rights and privileges of membership. For all pension coverage groups, the accumulated contributions and interest are deposited into and disbursed from the membership accumulated reserve fund as established by K.S.A. 74- 4922. Members choose one of seven payment options for their monthly retirement benefits. At retirement a member may receive a lump-sum payment of up to 50% of the actuarial present value of the member’s lifetime benefit. His or her monthly retirement benefit is then permanently reduced based on the amount of the lump sum. Benefit increases, including ad hoc post-retirement benefit increases, must be passed into law by the Kansas Legislature. Benefit increases are under the authority of the Legislature and the Governor of the State of Kansas. The 2012 Legislature made changes affecting new hires, current members and employers. A new KPERS 3 cash balance retirement plan for new hires starting January 1, 2015, was created. Normal retirement age for KPERS 3 is 65 with five years of service or 60 with 30 years of service. Early retirement is available at age 55 with ten years of service, with a reduced benefit. Monthly benefit options are an annuity benefit based on the account balance at retirement. 54 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) A. Defined Benefit Pension Plan (Continued) For all pension coverage groups, the retirement benefits are disbursed from the retirement benefit payment reserve fund as established by K.S.A. 74-4922. Contributions. Member contributions are established by state law and are paid by the employee according to the provisions of Section 414(h) of the Internal Revenue Code. State law provides that the employer contribution rates are determined based on the results of an annual actuarial valuation. The contributions and assets of all groups are deposited in the Kansas Public Employees Retirement Fund established by K.S.A. 74-4921. All of the retirement systems are funded on an actuarial reserve basis. For fiscal years beginning in 1995, Kansas legislation established statutory limits on increases in contribution rates for KPERS employers. Annual increases in the employer contribution rates related to subsequent benefit enhancements are not subject to these limitations. The statutory cap increase over the prior year contribution rate is 1.2% of total payroll for the fiscal year ended June 30, 2020. The actuarially determined employer contribution rates (not including the 1.00% contribution rate for the Death and Disability Program) and the statutory contribution rate was 8.61% for KPERS and 21.93% for KP&F for the year ended December 31, 2020. Member contribution rates as a percentage of eligible compensation for the fiscal year 2020 are 6.00% for Local employees and 7.15% for Police and Firemen. Employer Allocations. Although KPERS administers one cost-sharing multiple-employer defined benefit pension plan, separate (sub) actuarial valuations are prepared to determine the actuarial determined contribution rate by group. Following this method, the measurement of the collective net pension liability, deferred outflows of resources, deferred inflows of resources, and pension expense are determined separately for each of the following groups of the plan: State/School Local Police and Firemen Judges To facilitate the separate (sub) actuarial valuations, KPERS maintains separate accounts to identify additions, deductions, and fiduciary net position applicable to each group. The allocation percentages presented for each group in the schedule of employer and nonemployer allocations are applied to amounts presented in the schedules of pension amounts by employer and nonemployer. The allocation percentages for the City’s share of the collective pension amounts as of December 31, 2020, are based on the ratio of its contributions to the total of the employer and nonemployer contributions of the group for the fiscal years ended December 31, 2020. The contributions used exclude contributions made for prior service, excess benefits and irregular payments. At June 30, 2020, the City’s proportion for the Local employees group was 0.767%, which was a decrease of .003% from its proportion measured at June 30, 2019. At June 30, 2020, the City’s proportion for the Police and Firemen group was 2.038%, which was a decrease of .036% from its proportion measured at June 30, 2019. Net Pension Liability. At December 31, 2020 and 2019, the City and its component units reported a liability of $39,533,871 and $32,116,932, respectively, for its total proportionate share of the net pension liability for the Local and Police and Firemen groups. 55 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) A. Defined Benefit Pension Plan (Continued) Actuarial Assumptions. The total pension liability was determined by an actuarial valuation as of December 31, 2019, which was rolled forward to June 30, 2020, using the following actuarial assumptions: Assumptions Rat e Price inflation 2.75% Wage inflation 3.25% Salary increas es , including wage increas es 3.25% to 11.75% including infl at ion Long-t erm rat e of ret urn, net of inve stment expens e, and including pri ce infl at ion 7.50% Mortality rates were based on the RP-2014 Mortality Tables, with age setbacks and age set forwards as well as other adjustments based on different membership groups. Future mortality improvements are anticipated using Scale MP-2016. The actuarial assumptions used in the December 31, 2019 valuation were based on the results of an actuarial experience study conducted for the period of January 1, 2016, through December 31, 2018. The experience study is dated January 7, 2020. The long-term expected rate of return of pension plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage. Best estimates of arithmetic real rates of return for each major asset class included in the pension plan’s target asset allocation as of June 30, 2020 are summarized in the following table: Long-Term Expec ted Asset Long-Term Allocation Real Rate of Ret urn US Equities 23.50%5.20% Non-US Equities 23.50%6.40% Privat e Equity 8.00%9.50% Privat e Real Estate 11.00%4.45% Yield Drive n 8.00%4.70% Real Ret urn 11.00%3.25% Fixed Inc ome 11.00%1.55% Short Term Inves tments 4.00%0.25% 100.00% Discount Rate. The discount rate used to measure the total pension liability was 7.50%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the contractually required rate. The State, School and Local employers do not necessarily contribute the full actuarial determined rate. Based on legislation passed in 1993, the employer contribution rates certified by the System’s Board of Trustees for these groups may not increase by more than the statutory cap. The expected KPERS employer statutory contribution was modeled for future years, assuming all actuarial assumptions are met in future years. Employers contribute the full actuarial determined rate for Police & Firemen, and Judges. Future employer contribution rates were also modeled for Police & Firemen and Judges, assuming all actuarial assumptions are met in future years. Based on those assumptions, the pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. 56 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) A. Defined Benefit Pension Plan (Continued) Sensitivity of the City’s proportionate share of the net pension liability to changes in the discount rate. The following presents the City’s proportionate share of the net pension liability calculated using the discount rate of 7.50%, as well as what the City’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower (6.50%) or 1-percentage point higher (8.50%) than the current rate: 1% Dec reas e (6.50%)Di scount Rat e (7.50%)1% Increas e (8.50%) Loc al 20,189,679$ 14,325,796$ 9,396,471$ Police & Firem en 34,403,134 25,135,770 17,396,196 Total 54,592,813$ 39,461,566$ 26,792,667$ Pension Expense. For the year ended December 31, 2020, the City recognized Local pension expense of $1,156,925 and Police and Firemen pension expense of $2,405,832, which includes the changes in the collective net pension liability, projected earnings on pension plan investments, and the amortization of deferred outflows of resources and deferred inflows of resources for the current period.The Salina Housing Authority’s and Salina Airport Authority’s portion of the Local pension expense were $35,958 and $89,795, respectively. Deferred Outflows of Resources and Deferred Inflows of Resources. At December 31, 2020, the City and its component units reported deferred outflows of resources and deferred inflows of resources related to pensions for Local and Police and Firemen groups from the following sources: 57 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) A.Defined Benefit Pension Plan (Continued) Deferred outfl ows Deferred inflows Loc al of res ourc es of res ourc es Diffe renc es between ac tual and ex pected ex perienc e 221,907$ 170,863$ Net diffe renc es between projec ted and ac tual earnings on inves tment s 1,550,639 - Changes in as sumptions 800,513 - Changes in proport ion 232,177 449,541 Total 2,805,236$ 620,404$ Deferred outfl ows Deferred inflows Police & Firemen of res ourc es of res ourc es Diffe renc es between ac tual and ex pected ex perienc e 734,702$ -$ Net diffe renc es between projec ted and ac tual earnings on inves tment s 2,442,541 - Changes in as sumptions 1,739,968 - Changes in proport ion 21,294 729,307 Total 4,938,505$ 729,307$ Deferred outfl ows Deferred inflows Loc al of res ourc es of res ourc es Diffe renc es between ac tual and ex pected ex perienc e 700$ 8,056$ Net diffe renc es between projec ted and ac tual earnings on inves tment s 7,527 - Changes in as sumptions 9,777 648 Changes in proportion 484 12,327 Total 18,488$ 21,031$ Deferred outfl ows Deferred inflows Loc al of res ourc es of res ourc es Diffe renc es between ac tual and ex pected ex perienc e 11,950$ 9,201$ Net diffe renc es between projec ted and ac tual earnings on inves tment s 83,501 - Changes in as sumptions 43,107 - Changes in proport ion 40,138 49,264 Total 178,696$ 58,465$ Airport Authority Hous ing Authority $1,763,259 reported as deferred outflows of resources related to pensions resulting from City contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended December 31, 2021. Amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Local Polic e & Firem en Deferred Deferred Year ended [Infl ows ] Out fl ows [Inflows ] Out fl ows Dec ember 31,Amount Amount To tal 2021 498,387$ 1,058,828$ 1,557,215$ 2022 586,306 1,155,904 1,742,210 2023 578,511 1,086,067 1,664,578 2024 507,037 877,263 1,384,300 2025 14,591 31,136 45,727 To tal 2,184,832$ 4,209,198$ 6,394,030$ 58 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) A.Defined Benefit Pension Plan (Continued) $38,910 and $35,467 reported as deferred outflows of resources related to pensions resulting from Salina Housing Authority and Salina Airport Authority contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended December 31, 2021. Amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Hous ing Airport Authorit y Authori ty Deferred Deferred Year ended [Inflows ] Out fl ows [Inflows ] Outfl ows Dec ember 31,Amount Amount To tal 2021 5,237$ 30,148$ 35,385$ 2022 [6,228]38,269 32,041 2023 [879]30,520 29,641 2024 [366]21,279 20,913 2025 [307]15 [292] To tal [2,543]$ 120,231$ 117,688$ B. Deferred Compensation Plan The City offers its employees a deferred compensation plan ("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. T he deferred compensation is not available to employees until termination, retirement, death, or unforeseeable emergency. Plan assets are transferred to a plan agent in a custodial trust and are not available to the claims of the City's general creditors. C. Flexible Benefit Plan (I.R.C. Section 125) The City Commission has adopted by resolution a salary reduction flexible benefit plan ("Plan") under Section 125 of the Internal Revenue Code. All City employees working more than 20 hours per week are eligible to participate in the Plan beginning after two full months of employment. Each participant may elect to reduce his or her salary to purchase benefits offered through the Plan. Benefits offered through the Plan include various insurance and disability benefits. D. Risk Management The City is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; natural disasters and other events for which the City carries commercial insurance. No significant reductions in insurance coverage from that of the prior year have occurred. Settlements have not exceeded insurance coverage for each of the past three years. The City has established a limited risk management program for workers’ compensation. The program covers all City employees. Premiums are paid into the Workers’ Compensation Reserve Fund by all other funds and are available to pay claims, claim reserves and administrative costs of the program. An excess coverage insurance policy covers individual claims in excess of $250,000 ($350,000 for claims involving employees classified as policemen or firemen). Incurred claims, including incurred but not reported claims, have been accrued based primarily upon subsequent payments. Claim liabilities are calculated considering the effects of inflation, recent claim settlement trends including frequency and amounts of payouts and other economic and social factors. The liability for claims and judgments is reported in the Workers' Compensation Reserve Fund because it is expected to be liquidated with expendable available financial resources. Of the liability, $183,446 is considered to be due within one year. 59 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) D. Risk Management (Continued) Changes in the balances of claims liabilities during the past two years are as follows: 2020 2019 Unpaid claims, January 1 311,572$ 238,778$ Inc urred clai ms (inc luding IBNRs )917,229 726,271 Claim pay ment s [782,306] [653,477] Unpaid claims, Dec em ber 31 446,495$ 311,572$ The City established a limited risk management program for employee health and dental insurance in 1997. The program covers eligible City employees. Premiums are paid into the health insurance fund by all other funds and are available to pay claims, claim reserves and administrative costs of the program. An excess coverage insurance policy covers individual claims in excess of $50,000. Incurred claims, including incurred but not reported claims, have been accrued based primarily upon subsequent payments. Claim liabilities are calculated considering the effects of inflation, recent claim settlement trends including frequency and amounts of payouts and other economic and social factors. The liability for claims and judgments is reported in the Health Insurance Fund because it is expected to be liquidated with expendable available financial resources. Therefore, all of the liability is considered to be due within one year. Changes in the balances of claims liabilities during the past two years are as follows: 2020 2019 Unpaid claims, January 1 489,418$ 380,980$ Inc urred clai ms (inc luding IBNRs )3,056,323 4,466,044 Cl ai m pay ment s [2,940,741][4,357,606] Unpaid claims, Dec em ber 31 605,000$ 489,418$ E.Contingent Liabilities The City receives significant financial assistance from numerous federal and state governmental agencies in the form of grants and state pass-through aid. The disbursement of funds received under these programs generally requires compliance with terms and conditions specified in the grant agreements and is subject to audit. Any disallowed claims resulting from such audits could become a liability of the General Fund or other applicable funds. However, in the opinion of management, any such disallowed claims would not have a material effect on any of the financial statements of the City at December 31, 2020. The City is a defendant in various lawsuits. Although the outcome of these lawsuits is not presently determinable, it is the opinion of the City's legal counsel that resolution of these matters will not have a material adverse effect on the financial condition of the City. F. Municipal Solid Waste Landfill State and federal laws and regulations require the City to place a final cover on its landfill site when it stops accepting waste, and to perform certain maintenance and monitoring functions at the site for thirty years after closure. Although closure and postclosure care costs will be paid only near or after the date that the landfill stops accepting waste, the City reports a portion of these closure and postclosure care costs as an operating expense of the Solid Waste Fund in each period based on landfill capacity used as of each balance sheet date. The $2,300,353 reported as landfill closure and postclosure care liability at December 31, 2020,represents the cumulative amount reported to date based on the use of 28.8% of the estimated capacity of the landfill. 60 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) F. Municipal Solid Waste Landfill (Continued) The City's solid waste fund will recognize the remaining estimated cost of closure and postclosure care of $5,680,356 as the remaining estimated capacity is filled over the remaining life expectancy of 147 years. These amounts are based on what it would cost to perform all closure and postclosure care in 2020. Actual cost may be higher due to inflation, changes, in technology or changes in regulations. The City is required by State and Federal laws and regulations to provide assurances of financial responsibility for closure and post- closure care. The City has elected to utilize the Local Government Financial test promulgated by the U.S. Environmental Protection Agency (at 40 CFR 258.74(f)) and the Kansas Department of Health and Environment to provide these assurances. Any future closure or post-closure care costs will be provided through the normal budgeting and rate setting process, including the issuance of general obligation bonds, if necessary. G.Environmental Matters The Kansas Department of Health and Environment (KDHE) issued a report in 1994 indicating the presence of volatile organic compounds at levels requiring remediation at the Salina Public Water Supply Wells Site. The City adopted a proactive Policy and Action Plan to remediate the groundwater contamination, and on December 7, 1994, the City and KDHE entered into a Consent Order and Settlement Agreement under which the City assumed primary responsibility for the further investigation and remediation of the groundwater contamination. Field testing work has been completed. The necessary remediation work will be conducted over the next several years at a yet undetermined cost to the City's Water and Sewer Fund. Since 2010, the City has been involved with civil litigation concerning environmental contamination in certain areas in the vicinity of the Salina Regional Airport and the Salina Airport Industrial Center. The contamination was caused by military activity that occurred between 1942 and 1966 when the site was operated as the Schilling Air Force Base. The City, the Salina Airport Authority, Unified School District No. 305 and Kansas State University (the “Salina Public Entities”) sued the United States seeking federal funds to clean up the contamination. A remedial investigation and feasibility study (RI/FS) were completed in 2019 to determine the extent and severity of the contamination and to determine the best method of remediation. B ased on the RI/FS, the Kansas Department of Health and Environment (KDHE) issued a Corrective Action Decision (CAD) on July 29, 2019. The Salina Public Entities and the U.S. Department of Justice (DOJ) reached a settlement of the litigation ultimately documented in the form of a Consent Decree filed in U.S. District Court on November 23, 2020. Pursuant to the Consent Decree, the Salina Public Entities assumed responsibility for the Response Action in the CAD in exchange for a $69.5 million lump sum payment by the United States to the Salina Public Entities. The settlement payment was not received by the City or the Salina Public Entities as of December 31, 2020. The City has determined that while a possible liability exists, at this time, no reasonable estimate of the possible liability can be made. Therefore, no liability related to that matter has been recorded. 61 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) H. Capital Projects Capital projects often extend over two or more fiscal years. The following is a schedule, which compares the project authorization including allowable interest revenue to total project expenditures from project inception to December 31, 2020. Project Authorization Expenditures Markley-Magnolia VV Sewer 5,150,000$ 1,314,305$ North Lime Dry ing Lagoon Yearly Maint enanc e 120,000 37,260 Rebuild High Service Pump P-203 24,187 13,688 2017 Count ry Club Road Im provement s 1,200,000 1,089,063 Ri ve r Trail 2 956,072 11,312 Downt own Streetscape 12,165,000 11,669,107 Smoky Hill Ri ve r Renewal 27,000,000 3,595,670 Water Mains 4,250,000 3,649,443 Downt own Sant a Fe Water Main Replac ement 1,351,100 1,415,997 Police Training Facility 4,900,000 5,936,845 Rehab Pump St 28,29/Repl 28 Face Main 550,000 - Northbound 9t h Street Bridge 103,768 95,358 Landfill Cell #20 Des ign 2,200,000 1,991,469 Railroad Cros sing Im provem ents 45,000 - 2018 Park Improvements 194,000 87,000 Pheas ant Ridge Addition #3 Phas e 2 509,233 509,878 Community Theater HVAC Replacement 46,000 207 Storm Sewer Mulberry Street 22,709 26,151 N. 9th Street Bridge 2,000,000 4,273 Golf Course Irri gation 1,488,414 1,499,452 9t h Sout h Addition 1,180,313 2,976 Smoky Hill Greenway Trail 435,637 61,934 Chorine Bluilding 2 Roof Replac ement 35,000 - 2019 Water Main Replac em ent 4,000,000 - Magnolia Hills Estates II 1,575,240 11,285 Stone Lake Phas e 2 670,166 335,794 Stone Lake Phas e 3A 1,647,053 3,368 Smedley Surgical Center 45,486 36,501 Sound Garden Oak dale Park 10,046 10,046 Wheatland Valley -Spec ials 5,474,790 6,500 Park Shelter Roof Replac ement 93,816 - LE D Light ing replac ement - Park s 18,223 - Mulberry Storm Sewer Repairs 461,556 417,398 Chip Seal 210,623 194,940 Micros urfac ing 574,888 306 Mill & Inlay 494,196 375,247 Price Property Culvert Replac ement 6,600 59,625 Waterline for SWTP 912,982 812,319 Joe Milbradt Pavi llion 133,100 256,785 Fire Equipment 860,795 484,487 WWTP Owners Rep 896,790 93,595 WWTP Improvement PH I 879,193 - Public Safety Communicat ion System 2,361,323 139,986 TP EC Improvements 270,426 - 62 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) I.Other Postemployment Healthcare Benefits Plan Description. The City offers postemployment health insurance to retirement employees. The benefits are provided through a single employer defined benefit postemployment healthcare plan administered by the City. The Employee Benefit Plan (the Plan) provides medical and dental benefits to eligible early retirees and their spouses. KSA 12-5040 requires all local governmental entities in the state that provide a group health care plan to make participation available to all retirees and dependents until the retiree reaches the age of 65 years. No separate financial report is issued for the Plan. Funding Policy. The contribution requirements of plan participants and the City are established and amended by the City. The required contribution is based on projected pay-as-you-go financing requirements. In 2020, the City did not contribute to the plan. At December 31, 2020, the following employees were covered by the benefit terms: Active employ ees 440 Ret irees and cove red spous es 29 Total 469 The total OPEB liability of $3,615,054 was measured as of December 31, 2019 and was determined by an actuarial valuation as of that date. The total OPEB liability in the December 31, 2019 actuarial valuation was determined using the following assumptions and other inputs, applied to all periods in the measurement, unless otherwise specified: Valuat ion dat e Dec ember 31, 2019 Actuarial cost method Entry age norm al as a leve l perc ent age of pay roll Infl at ion 2.75% Salary increases 3.50% Di scount rat e 2.74% Healthcare cost trend rat es Medic al : 6.40% for 2020, decreasing 0.50% per year to an ultimate rate of 3.7% for 2074 Dent al: 5.00% to 2022, then dec reas ing to an ultimate rate of 3.70% in 2074 Ret iree's share of benefit rel ated costs 100% of the prem ium The discount rate was based on an index rate for 20-year, tax-exempt general obligation municipal bonds with an average rating of AA/Aa or higher. Mortality rates were based on the RP 2014 Mortality Tables, with age set forwards as well as other adjustments based on different membership groups. Future mortality improvements are anticipated using Scale MP-2017. Changes in the total OPEB liability are as follows: Balanc e 1/1/2020 3,519,327$ Servic e cost 231,391 Int eres t 150,552 Benefit paid [159,018] Economic/demographic gains /losses [255,426] Changes in assumptions 128,228 Balanc e 12/31/2020 3,615,054$ 63 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) I.Other Postemployment Healthcare Benefits (Continued) The following presents the total OPEB liability of the City, as well as what the City’s total OPEB liability would be if it were calculated using a discount rate that is one percentage point lower (1.74%) or one percentage point higher (3.74%) than the current discount rate: 1% Dec reas e Di scount Rate 1% inc reas e (1.74%)(2.74%)(3.74%) To tal OPEB Liabilit y 3,971,843$ 3,615,054$ 3,289,912$ The following presents the total OPEB liability of the City, as well as what the City’s total OPEB liability would be if it were calculated using healthcare cost trend rates that are one percentage point lower or one percentage point higher than the current healthcare cost trend rate: Healt hc are Cos t 1% Dec reas e Tr end Rat es 1% inc reas e To tal OPEB Liabilit y 3,166,500$ 3,615,054$ 4,152,174$ For the year ended December 31, 2020, the City recognized OPEB expense of $356,442. Deferred Outflows of Resources and Deferred Inflows of Resources. At December 31, 2020, the City reported deferred outflows related to other postemployment benefits from the following sources: Deferred out fl ows Deferred infl ows of res ourc es of res ourc es Changes of as sumptions 173,216$ [143,654]$ Di fferenc es bet ween ex pec ted and ac tual experi enc e -[226,168] Total 173,216$ [369,822]$ Amounts reported as deferred outflows of resources will be recognized in OPEB expense as follows: Year ended Deferred [Inflows ] June 30,Out fl ows Amount 2021 [25,501]$ 2022 [25,501] 2023 [25,501] 2024 [25,501] 2025 [25,501] 2026+[69,101] Total [196,606]$ J.Other Postemployment Benefits (KPERS) Plan Description. The City participates in a multiple-employer defined benefit other postemployment benefit (OPEB) plan (the Plan) which is administered by KPERS. The Plan provides long-term disability benefits and a life insurance benefit for disabled members to KPERS members, as provided by K.S.A. 74-04927. The Plan is administered through a trust held by KPERS that is funded to pay annual benefit payments. However, because the trust’s assets are used to pay employee benefits other than OPEB, the trust does not meet the criteria in paragraph 4 of GASB Statement No.75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions. Accordingly, the Plan is considered to be administered on a pay-as-you-go basis. 64 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) J.Other Postemployment Benefits (KPERS) (Continued) Benefits. Benefits are established by statute and may be amended by the KPERS Board of Trustees. The Plan provides long-term disability benefits equal to 60 percent (prior to January 1, 2006, 66 2/3 percent) of annual compensation, offset by other benefits. Members receiving long-term disability benefits also receive credit towards their KPERS retirement benefits and have their group life insurance coverage continued under the waiver of premium provision. The monthly long-term disability benefit is 60 percent of the member’s monthly compensation, with a minimum of $100 and a maximum of $5,000. The monthly benefit is subject to reduction by deductible sources of income, which include Social Security primary disability or retirement benefits, workers compensation benefits, other disability benefits from any other sources by reason of employment, and earnings from any form of employment. If the disability begins before age 60, benefits are payable while the disability continues until the member’s 65th birthday or retirement date, whichever occurs first. If the disability begins after age 60, benefits are payable while the disability continues, for a period of five years or until the member retires, whichever occurs first. Benefit payments for disabilities caused or contributed to by substance abuse or non-biologically based mental illnesses are limited to the shorter of the term of the disability or 24 months per lifetime. The death benefit paid to beneficiaries of disabled members is 150% of the greater of 1) the member’s annual rate of compensation at the time of disability, or 2) the members previous 12 months of compensation at the time of the last date on payroll. If the member has been disabled for five or more years, the annual compensation or salary rate at the time of death will be indexed using the consumer price index, less one percentage point, to compute the death benefit. If a member is diagnosed as terminally ill with a life expectancy of 12 months or less, the member may be eligible to receive up to 100% of the death benefit rather than having the benefit paid to the beneficiary. If a member retires or disability benefits end, the member may convert the group life insurance coverage to an individual insurance policy. Employees covered by benefit terms. At June 30, 2020, the valuation date, the following employees were covered by the benefit terms: Active employ ees 281 Disabled members 3 Total 284 Total OPEB Liability. The City and its component units reported a total KPERS OPEB liability of $597,444 as of December 31, 2020,was measured as of June 30, 2020, and was determined by an actuarial valuation as of December 31, 2019, which was rolled forward to June 30, 2020, using the following actuarial assumptions: Valuat ion date Dec ember 31, 2019 Actuarial cost method Entry age normal Inflat ion 2.75% Salary increases 3.00% Di scount rate (bas ed on 20 year municipal bond rat e wi th an average rat ing of AA/Aa or bet ter, obt ained through the Bond Buyer General Obligation 20-Bond Municipal Index )2.21% The discount rate was based on the bond buyer general obligation 20-bond municipal index. 65 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) J.Other Postemployment Benefits (KPERS) (Continued) Mortality rates were based on the RP 2014 Mortality Tables, with age setbacks and age set forwards as well as other adjustments based on different membership groups. Future mortality improvements are anticipated using Scale MP-2019. The actuarial assumptions used in the December 31, 2019, valuation were based on the results of an actuarial experience study for the period of January 1, 2016 through December 31, 2018. Other demographic assumptions are set to be consistent with the actuarial assumptions reflected in the December 31, 2019, KPERS pension valuation. The changes in the total OPEB liability are as follows: City Hous ing Authority Airport Authority To tal Balanc e 1/1/2020 506,395$ 8,186$ 13,338$ 527,919$ Servic e cost 57,185 1,529 3,430 62,144 Int eres t 19,037 376 587 20,000 Effect of ec onomic /dem ographic gains or los ses 17,086 [2,482]-14,604 Changes in assumpt ions 37,368 49 [4,295] 33,122 Benefit pay ment s [39,627] -864 [38,763] Balanc e 12/31/2020 597,444$ 7,658$ 13,924$ 619,026$ To tal KPERS OPEB Liability Sensitivity of the total KPERS OPEB liability to changes in the discount rate. The following presented the total KPERS OPEB liability of the City, as well as what the City’s total KPERS OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower (1.21%) or 1-percentage-point higher (3.21%) than the current discount rate: 1% Dec reas e Di scount Rat e 1% increas e (1.21%)(2.21%)(3.21%) To tal OPEB Liability - City 618,840$ 597,444$ 575,090$ To tal OPEB Liability - Hous ing Authority 7,745$ 7,658$ 7,511$ To tal OPEB Liability - Airport Authority 14,114$ 13,924$ 13,610$ Sensitivity of the total KPERS OPEB liability to changes in the healthcare cost trend rates. The following presented the total KPERS OPEB liability of the City calculated using the current healthcare cost trend rates as well as what the City’s total KPERS OPEB liability would be if it were calculated using trend rates that are 1 percentage point lower or 1 percentage point higher than the current trend rates. The reader should note that healthcare trend rates do not affect the liabilities related to the long-term disability benefits sponsored by KPERS, but this exhibit is provided as it is a required disclosure under GASB 75. Healt hcare Cos t 1% Dec reas e Trend Rat es 1% increas e To tal OPEB Liability - City 597,444$ 597,444$ 597,444$ To tal OPEB Liability - Hous ing Authority 7,658$ 7,658$ 7,658$ To tal OPEB Liability - Airport Authority 13,924$ 13,924$ 13,924$ For the year ended June 30, 2020, the City recognized OPEB expense of $78,842. 66 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) J.Other Postemployment Benefits (KPERS) (Continued) Deferred Outflows of Resources and Deferred Inflows of Resources. At December 31, 2020, the City reported deferred outflows and inflows related to other postemployment benefits from the following sources: Deferred Deferred Deferred Deferred Deferred Deferred Out fl ows of Inflows of Outfl ows of In fl ows of Out fl ows of Infl ows of Res ourc es Res ourc es Res ources Res ourc es Res ources Res ourc es Di fferenc es between ex pec ted and actual ex perienc e 67,257$ 75,665$ -$ 4,221$ 7,813$ -$ Changes of as sumptions 39,638 9,995 44 195 148 897 To tal 106,895$ 85,660$ 44$ 4,416$ 7,961$ 897$ Airport AuthorityCityHousing Authority $64,827 and $3,830 reported as deferred outflows of resources related to OPEB resulting from City and Airport Authority contributions subsequent to the measurement date,respectively, will be recognized as a reduction of the OPEB liability in the year ended December 31, 2021. Amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in OPEB expense as follows: Year Ended Hous ing Airport June 30,City Authorit y Authority 2021 2,620$ [537]$ [925]$ 2022 2,620 [537][925] 2023 2,620 [537][925] 2024 2,620 [537][925] 2025 2,620 [537][925] Th ereafter 8,135 [1,687] [2,439] To tal 21,235$ [4,372]$ [7,064]$ K.Tax Abatements In 2020, the City of Salina participated in real property tax abatements for five local companies. Property tax abatements are authorized under Kansas state statutes K.S.A. 12-1740 et seq. and K.S.A. 79-201a and subject to City policy. The City provides property tax abatements to encourage existing industry to expand, assist new business start- ups, recruit new companies from out-of-state or internationally, encourage high technology and research based businesses, encourage training and development of Salina area employees, and encourage location and retention of businesses which are good "corporate citizens" that will add to the quality of life in the community through leadership and support of civic and philanthropic organizations. Property tax abatements reduce ad valorem property taxes. T he percentage of reduction ranges from 40.5% to 100%, but in all cases, the maximum duration is for ten years as per state statute. To receive an abatement, applicants must submit an application, which undergoes due diligence and analysis before being considered by the City Commission. I f the abatement is authorized, the applicant must sign a performance agreement that specifies annual compliance measures. Each year, the applicant submits a renewal application, along with compliance information, which is reviewed by City staff for conformance with agreement provisions. If compliance is not met, appeals can be made to the City Commission to determine the amount of incentives, if any, to be received by the property owner. The City of Salina negotiates property tax abatements on an individual basis. 67 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) K.Tax Abatements (Continued) Com pany Start End %2020 Ta x Abated Salina Vort ex Corp (fac ility improvement s)2015 2024 37.5%5,522$ Great Plains Mfg (fac ility improvem ent s)2014 2023 50%4,073 Veri s Tec hnologies (fa cility addition/improvement s)2015 2024 20.3%505 Tw in Oak s (fac ility addi tion/improvement s)2015 2024 27.5%688 To tal 10,789$ Ad Valorem Propert y Tax Abat ement s Abat ement Tax Increment Financing (TIF).TIFs are an economic development tool established by the Kansas TIF Act (K.S.A. 12-1770 et seq.) and subject to City policy to aid in financing projects for substantial public benefit. Public benefits can include creating jobs or retaining existing employment, eliminating blight, strengthening the employment and economic base of the City, increasing property values and tax revenues, reducing poverty, creating economic stability, upgrading older neighborhoods, facilitating economic self-sufficiency, promoting projects that are of community wide importance, or implementing the economic development goals of the City. The program works by reimbursing a portion of the incremental increase in property taxes resulting from improvements and a portion of local sales tax generated within the district to the property owner. The base value, or what the property was valued at prior to improvements, is shielded from the rebate. To receive a TIF, applicants must submit a detailed, written proposal to the City, which will undergo due diligence and analysis before being considered by the City Commission. The City Commission then determines if it will commence the statutory process to create a redevelopment district. If the TIF district is authorized, the City and applicant will enter into an agreement that specifies performance, certification, and reimbursement requirements. City Staff will work with the property owner to certify eligible expenses and compliance with agreement provisions. O nce the project begins to generate TIF revenues (sales tax and/or property tax), City staff works with the distributing agency and property owner to generate and track reimbursements. Because reimbursements are not paid until after improvements are put in place, agreement compliance is met, eligible expenses are certified, and sales and/or property tax distributions are made to the City, there are no provisions for recapturing taxes. The City of Salina negotiates TIFs on an individual basis. Di strict Purpos e Base Year Expires Sales Tax Propert y Tax Lambert z Cons truc tion of 10.79 ac res of shopping cent er, including single and multi-tenant ret ail space, and relat ed public and pri va te infras truc ture 2007 2027 $29,304 $178,680 To tal $29,304 $178,680 2020 Reimburs ement s TI F Projec t Plans Community Improvement Districts (CID). CIDs are an economic development tool established by the Kansas CID Act (K.S.A. 12-6a26 et seq.) and subject to City policy to assist with the development of community improvements which can benefit a development and the public. In all CIDs, public improvements were financed initially by the developer and are reimbursed annually via a two percent (2%) transportation district sales tax on retail or taxable services occurring within the district. 68 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) K.Tax Abatements (Continued) To establish a CID, the applicant first submits a CID petition which is signed by the owners of all of the land within the proposed district. The City Commission then considers the request to establish a CID. If the CID is authorized, the City and applicant will enter into an agreement that specifies performance, certification, and reimbursement requirements. City Staff will work with the property owner to certify eligible expenses and compliance with agreement provisions. Once the project begins to generate CID revenues, City Staff works with the distributing agency and property owner to make and track reimbursements. Because reimbursements are not paid until after improvements are put in place, agreement compliance is met, eligible expenses are certified, and CID sales tax distributions are made to the City, there are no provisions for recapturing taxes. The City of Salina negotiates CIDs on an individual basis. Name Rat e Start Expires Purpos e 2020 Eligible Reimburs ement Amount Sout h 9th Street 2.00%3/1/2016 12/31/2037 Assist with improvements to hot el and conferenc e center $251,052 Alley 1.00% 10/1/2019 9/30/2041 Assist with building of family ent ert ainment fac ility in downt own $13,454 Downtown 1.00%7/1/2019 6/30/2041 Assist with Revitilizat ion of Downt own Corri dor $14,487 Downt own Hot el 1.00% 10/1/2019 9/30/2041 Assist with building of downt own hot el - To tal $278,993 Communi ty Improvement Distric t (CID) Neighborhood Revitalization Areas (NRA).NRAs are authorized under Kansas state statutes K.S.A. 12-117 and subject to City policy to spur investment and revitalization of properties which can benefit a neighborhood and the public. The program works by rebating a portion of the incremental increase in property taxes resulting from improvements back to the property owner. The base value, or what the property was valued at prior to improvements, is shielded from the rebate. Participation in the program and percentage of rebate and duration are determined separately by the City, County, and School District. The current City of Salina adopted plan is a 4-year plan running from 2015-2019. It allows for a 10-year rebate and provides rebates from 25% to 100% depending on year in plan and type of improvement. To receive an NRA, taxpayers must submit an application, which undergoes due diligence and analysis before being approved by the City. If the NRA is approved, each year, the applicant must submit proof that property taxes have been paid in full. Because the rebate is not given until after improvements are put in place and property taxes paid, there are no provisions for recapturing taxes. The City of Salina approves NRAs on an individual basis. 69 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) K.Tax Abatements (Continued) 2020 Property/Business Name Address Ty pe Rebat e Paid Serio Guzman 241 N. Front Street Res 32$ William & Mary Warhurst 1009 N. 8th Street Res 10 Holly Fain 219 N. Front Street Res 49 Arlene Cox 1101 N. 10th Street Res 61 Gloria Williams 714 Park Street Res 44 Michelle Rogan 204 Forest Avenue Res 59 Samuel A. Roc k 200 Forest Avenue Res 15 Jes sica A. Ziegler 1329 N. 4th Street Res 62 Ry an Murphy 303 S. Sant a Fe Avenue Res 83 Ravey Inves tments LLC 227 S. Sant a Fe Avenue Com 713 Lamont Out land 221 N. 2nd Street Res 105 Michelle Bunch 207 N. Penn Res 113 Jerm aine and Ty kea Polk 157 N. Seve nth, 203 W. Ash, 205 W. Ash, 207 W . Ash & 209 W. Ash Res 128 Mary Marshal l 1206 N. 7th Street Res 108 Angela Fis hburn 1219 N. 8th Street Res 108 Heritage at Hawthorne Partners , LLC 937 N. 3rd Street Com 1,842 Will & Mary Warhurs t 1219 N. 8th Street Res 165 Donnie & Ramona Marrs 134 S. Sant a Fe Ave Res 936 TJTM , Inc . 2035 E. Iron #213C/105R/302R/202R/205R/006R/301RA/301 RB/001R/002R/003R/004R/005R Res 6,461 Tro y Valcil 853 Navaho Res 79 Michelle Malone 815 N. 2nd Street Res 4 Ti mothy & Linda Rickman 719 E. Ash Res 71 Yvette Gel inas 1115 N. 8th Street Res 116 Charles H Carroll Jr Tr ust 156-158 S. Sant a Fe Com 2,125 Pestinger Enterprises LLC 2035 E. Iron Avenue, Unit #306R Res 1,565 Lat isha Pierce 705 N. 2nd Street Res 133 Ta ny a Shiehzadeh 703 N. 2nd Street Res 129 Robert & Brenda Burns 1205 N. 4th Street Res 84 Property Part ners LLC 116 & 118 N. Sant a Fe (2nd Floor Loft Apartment s)Com 818 AP Propert y Holdings , LLC 201 E. Iron Avenue Com 5,359 Gregory Davis 156-158 N. 11t h Street Res 280 Micheal Money 2035 E. Iron Avenue, Unit #206R Res 946 Tra niesh Byrd 701 N. 2nd Street Res 165 Mark Martin Living Trust 2035 E. Iron #104R Com 797 Matthew Snyder 2035 E Iron #304R Res 529 Doy le & Maureen Com fort Trus t 2035 E Iron #304R Res 1,166 Jana Ends ley 1321 N. 3rd Street Res 229 Kanesha Samilton 214 W. Grand Avenue Res 269 Maria E Padilla 810 N. 5th Street Res 307 JK Webb Properties LLC 120 S. Sant a Fe Avenue Com 2,867 Alan and Nanc y Franz en 1413 Arapahoe Res 202 Santa Fe Properties , LLC 131 N. Sant a Fe Avenue/128 S. Sant a Fe Avenue Com 3,830 Rus ty A Leister Living Tru st 600 N. Sant a Fe Avenue Com 2,137 Heritage at Hawthorne Partners II, LLC.715 N. 9th Street, Phas e II Com 2,150 Christopher Helm 608 N. 11th Street Res 152 Christopher Helm 752 N. Broadway Com 6,306 Laurie Donmyer 255 N. Col umbia Res 186 Eva Wright 1200 N. 8th Res 278 Foley Equipment Co.2225 N. Ohio St Com 16,750 Mark Ritter 2035 E. Iron #108R Res 1,621 Angelica Farris 846 Choc taw Ave Res 311 Christopher Vogel 2035 E. Iron #209R Res 909 Christopher Helm 619 N. 5th Street Com 806 64,770$ Neighborhood Revitalization Act (NRA ) 70 CITY OF SALINA, KANSAS NOTES TO THE BASIC FINANCIAL STATEMENTS December 31, 2020 Note 5. OTHER INFORMATION (Continued) K. Subsequent Events On April 12,2021, the City issued Series 2021-A general obligation internal improvement bonds in the amounts of $5,230,000. Proceeds from the bonds will be used to provide long-term financing for a portion of the costs of certain public improvements within the City and to retire a portion of the City’s outstanding general obligation temporary notes. The City will make the first payment on the bonds on October 1, 2022 the last payment on October 1, 2041. The interest rate on the bonds ranges from 2.00% to 4.50%. Also on April 12, 2021, the City issued Series 2021-1 temporary notes in the amounts of $5,230,000. Proceeds from the notes will be used to provide interim construction financing of certain public improvements within the City. The maturity date of the temporary notes is May 1, 2022 and the interest rate on the notes is 2.00%. On January 30, 2020 the World Health Organization declared the Coronavirus outbreak as a “Public Health Emergency of International Concern” and on March 11, 2020, declared it to be a pandemic. Actions were taken to help mitigate the spread of the virus, including social-distancing, quarantines and forced closures of certain types of public places and businesses. The coronavirus and actions taken to mitigate the spread of it have had and are expected to have an adverse impact on the economies and financial markets of many countries, including the geographical area in which the City operates. It is unknown how long the adverse conditions associated with the pandemic will last and what the complete financial effect will be to the City. Management cannot quantify the financial and other impacts to the City’s financial position but believes a material impact is reasonably possible. REQUIRED SUPPLEMENTARY INFORMATION 71 CITY OF SALINA, KANSAS REQUIRED SUPPLEMENTARY INFORMATION OTHER POSTEMPLOYMENT BENEFITS Schedule of Changes in the City’s Total OPEB Liability and Related Ratios Last Ten Fiscal Years* To tal OPEB liabi lity 2020 2019 2018 Service cost 231,391$ 249,957$ 226,762$ Int eres t 150,552 125,877 128,578 Benefi t paid [159,018][157,465][265,000] Economic/demographic gains/losses [255,426]-- Changes in assumptions 128,228 [186,344]90,918 Net change in total OPEB liability 95,727 32,025 181,258 To tal OPEB liability - beginning 3,519,327 3,487,302 3,306,044 To tal OPEB liability - ending 3,615,054$ 3,519,327$ 3,487,302$ Covered pay roll 25,163,639$25,232,129$24,740,225$ To tal OPEB liability as a perc ent age of 14.37% 13.95% 14.10% cove red-em ploy ee pay roll Actuarially det ermined cont ri but ion 159,018$ 157,465$ 265,000$ Actual contribut ion 159,018$ 157,465$ 265,000$ Cont ribut ions as a perc entage of cove red pay roll 0.63%0.62% 1.07% *data became available with the inception of GASB 75 during fiscal year 2018, therefore 10 years of data is unavailable. 72 CITY OF SALINA, KANSAS REQUIRED SUPPLEMENTARY INFORMATION (CONTINUED) OTHER POSTEMPLOYMENT BENEFITS -KPERS Schedule of Changes in the City’s Total OPEB Liability and Related Ratios Last Ten Fiscal Years* To tal OPEB liability 2020 2019 2018 Service cost 57,185$ 52,863$ 52,380$ In teres t 19,037 22,667 17,061 Effect of ec onomic/dem ographic gains or losses 17,086 [95,243] 75,173 Effect of as sumptions changes or input s 37,368 7,614 [6,574] Benefit pay ments [39,627][28,432] [30,368] Net change in total OP EB liability 91,049 [40,531] 107,672 To tal OPEB liability - beginning 506,395 546,926 439,254 To tal OPEB liability - ending 597,444$ 506,395$ 546,926$ Covered pay roll 14,338,983$ 13,991,543$ 13,652,194$ To tal OPEB liability as a perc ent age of 4.17%3.62%4.01% cove red-employ ee pay rol l Actuarially determined cont ri bution 144,746$ 144,746$ 109,466$ Actual cont ri but ion 144,746$ 144,746$ 109,466$ Cont ributions as a perc ent age of cove red payroll 1.01%1.03%0.80% *data became available with the inception of GASB 75 during fiscal year 2018, therefore 10 years of data is unavailable. 73 CITY OF SALINA, KANSAS REQUIRED SUPPLEMENTARY INFORMATION (CONTINUED) KPERS PENSION PLAN Schedule of the City’s Proportionate Share of the Net Pension Liability Last Ten Fiscal Years* 2015 2016 2017 2018 2019 2020 Ci ty 's proportion of the net pens ion liability Local 0.764% 0.761% 0.811% 0.790% 0.796% 0.766% Police & Fire 2.258% 2.180% 2.191% 2.081% 2.074% 2.038% Ci ty 's proportionate share of the net pens ion liability Local 10,027,679$11,770,699$11,753,246$11,014,328$11,123,112$13,290,226$ Police & Fire 16,395,794$20,251,512$20,546,882$20,019,473$20,993,820$25,135,770$ City's cove red-employee pay roll Local 12,931,197$13,251,236$13,548,056$13,944,989$14,366,294$14,948,415$ Police & Fire 10,161,866$10,730,033$10,593,419$10,441,055$10,859,219$11,285,465$ City's proportionate share of the net pens ion liability as a perc entage of its its cove red-employee pay roll Local 77.55% 88.83% 86.75% 78.98% 77.43% 88.91% Police & Fire 161.35% 188.74% 193.96% 191.74% 193.33% 222.73% Plan fi duc iary net pos ition as a perc entage of the total pens ion liability Local 71.98% 68.55% 72.15% 74.22% 75.02% 70.77% Police & Fire 74.60% 69.30% 70.99% 71.53% 71.22% 66.81% *The amounts presented for each fiscal year were determined as of 12/31. Data became available with the inception of GASB 68 during fiscal year 2015, therefore 10 years of data is unavailable. Schedule of the City’s Contributions Last Ten Fiscal Years* 2015 2016 2017 2018 2019 2020 Contrac tually required cont ribut ion Local 1,256,217$ 1,243,711$ 1,179,745$ 1,205,334$ 1,328,915$ 1,156,925$ Police & Fire 2,527,995$ 2,361,273$ 1,986,933$ 2,181,617$ 2,497,473$ 2,405,832$ Cont ri but ions in relat ion to the cont rac tually required cont ri but ion Local 1,256,217 1,243,711 1,179,745 1,205,334 1,328,915 1,156,925 Police & Fire 2,527,995 2,361,273 1,986,933 2,181,617 2,497,473 2,405,832 Cont ri but ion deficienc y [excess]-$ -$-$-$-$-$ City's cove red-employee pay rol l Local 13,251,236$13,548,056$13,944,989$14,366,294$14,948,415$13,436,992$ Police & Fire 10,730,033$10,593,419$10,441,055$10,859,219$11,285,465$10,970,505$ Cont ri but ions as a perc entage of cove red em ploy ee pay roll Local 9.48% 9.18% 8.46% 8.39% 8.89% 8.61% Police & Fire 23.56% 22.29% 19.03% 20.09% 22.13% 21.93% *Data became available with the inception of GASB 68 during fiscal year 2015, therefore 10 years of data is unavailable. COMBINING SCHEDULES AND INDIVIDUAL FUND STATEMENTS SECTION 74 CITY OF SALINA, KANSAS COMBINING STATEMENTS - NONMAJOR FUNDS NONMAJOR SPECIAL REVENUE FUNDS Special revenue funds are used to account for specific revenues that are legally restricted to expenditure for particular purposes. Bicentennial center fund - To account for the activities of the City's convention center. Business improvement district fund - State law allows businesses within an area to voluntarily establish an improvement district. This fund is used to account for the assessments made on the District. All revenues are to be used within the Business Improvement District. Neighborhood park fund - To account for fees collected from new residential building projects in Salina. Expenditures are for acquisition or development of neighborhood parks in the growing areas of the community. Special parks and recreation fund - To account for liquor tax revenues, which must be used for park maintenance and improvements. Special alcohol fund - To account for liquor tax revenues, which must be used for programs, which address prevention, education or intervention for drug and alcohol abuse. Community development revolving fund - To account for funds, which may be loaned for housing and economic development, purposes, to later be repaid and reused on a revolving basis. Sales tax economic development fund - To account for 2.34% of the .75 cent sales tax designated for economic Development purposes. Downtown TIF District #1 fund - To account for revenues and expenditures related to the Tax Increment Financing District that was formed as part of the Downtown Revitalization Project. South 9th CID fund - To account for incremental sales tax revenues received and disbursed to the developers as part of the Community Improvement District formed in 2015. Downtown CID fund - To account for incremental sales tax revenues received and disbursed to the developers as part of the Community Improvement District formed in 2017. Alley CID fund - To account for incremental sales tax revenues received and disbursed to the developers as part of the Community Improvement District formed in 2016. Downtown Hotel CID fund - To account for incremental sales tax revenues received and disbursed to the developers as part of the Community Improvement District formed in 2017. STAR Bonds Subproject fund - To track disbursements and reimbursements associated with the Stiefel Theatre’s STAR Bond State Grants fund - To account for grant revenue and expenditures received from the State of Kansas. 911 communications fund - To account for transitioning the receipt and administration of 911 fees to the City from the Kansas Department of Revenue and Saline County, as the City is now the public answering point. Monies will be used to pay for 911 related services. Kenwood cove capital fund - To account for the Special Sales Tax proceeds to be used to provide for long-term capital maintenance activity at the facility. Special law enforcement fund - To account for revenues received from the sale of forfeited assets acquired during drug enforcement activities. Expenses are limited to capital items to be used for further drug enforcement activities. Police grants fund - To account for revenues from grants, which are to be used for special police activities, including the D.A.R.E. program Federal grants fund - To account for grants received from the federal government to be used to monitor and mediate fair housing complaints. D.A.R.E. donations fund - To account for donations to the D.A.R.E. program. 75 CITY OF SALINA, KANSAS COMBINING STATEMENTS -NONMAJOR FUNDS NONMAJOR SPECIAL REVENUE FUNDS -CONTINUED War memorial maintenance fund -To account for monies to be used for maintenance of the local war memorial. Arts & humanities fund -To account for revenues and expenses associated with arts and humanities activities. Special assessments escrow fund -To account for property owners' prepayment on outstanding special assessments. Court bond and restitution fund -To account for bonds and restitution remitted to the court and awaiting court orders for distribution. Police investigation account fund -To account for monies held by the police department for use in investigations. Citizenship fund -To account for donations received and used for the citizenship fund. DTF local fund -To account for revenues and expenditures related to the sale of assets acquired during drug enforcement activities as they relate to local cases. Expenses are limited to equipment and training for the Drug Task Force. DTF reserve fund -To account for revenues and expenditures related to the sale of assets acquired during drug enforcement activities as they related to federal cases placed in a reserve for future use. Beechcraft remediation settlement fund -To account for revenues and expenditures related to the bankruptcy of Beechcraft and the former Schilling Airforce Base remediation case. Bail bond escrow fund -To account for funds being held in escrow for bonds issued by Municipal Court. Federal CARE grant fund -To account for revenue and expenses associated with the CARE Grant. Police Department federal forfeiture funds -To account for revenue and expenses associated with federal Equitable Sharing Program funds. Homeowners’ assistance fund -To receive donations and/or other funds to assist low and moderate income persons in improving their homes. Private grants fund -To account for revenues and expenditures related to grants received from private entities with specific purposes. Animal shelter donations fund -To accumulate donations and account for expenses to benefit the animal shelter. NONMAJOR PERMANENT FUNDS Permanent funds are used to report resources that are legally restricted to the extent that only earnings, not principal, may be used for purposes that support the reporting government’s programs. Cemetery endowment fund -To account for amounts expended for perpetual care of the City cemetery. Interest earnings are used for cemetery maintenance. Mausoleum endowment fund -To account for amounts charged for perpetual care of the City mausoleum. Interest earnings are used for mausoleum maintenance. Tricentennial commission fund -To account for donations to be used to celebrate the nation's tricentennial in the year 2076. Total Total Nonmajor Total Nonmajor Nonmajor Debt Nonmajor Special Revenue Permanent Service Governmental Funds Funds Fund Funds ASSETS Cash and investments 6,696,113$ 542,755$ 800$ 7,239,668$ Receivables Accounts 3,287 --3,287 Total assets 6,699,400$ 542,755$ 800$ 7,242,955$ LIABILITIES AND FUND BALANCES Liabilities: Accounts payable 221,525$ -$-$221,525$ Due to other funds 31,989 --31,989 Total liabilities 253,514 --253,514 Fund balances: Restricted 694,713 -800 695,513 Committed 5,561,914 542,755 -6,104,669 Assigned 189,259 --189,259 Total fund balances 6,445,886 542,755 800 6,989,441 Total liabilities and fund balances 6,699,400$ 542,755$ 800$ 7,242,955$ CITY OF SALINA, KANSAS COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS December 31, 2020 See independent auditor's report on the financial statements. 76 Total Total Nonmajor Total Nonmajor Nonmajor Debt Nonmajor Special Revenue Permanent Service Governmental Funds Funds Fund Funds REVENUES Taxes 1,126,829$ -$ -$1,126,829$ Intergovernmental 1,219,866 -315,372 1,535,238 Charges for services 108,135 13,282 -121,417 Licenses and permits 5,070 --5,070 Investment revenue 16,764 1,972 2,400 21,136 Donations 129,193 --129,193 Miscellaneous 3,518,022 -59,555 3,577,577 Total revenues 6,123,879 15,254 377,327 6,516,460 EXPENDITURES Current Culture and recreation 1,207,431 --1,207,431 Public safety 625,362 --625,362 Public health and sanitation 597,804 --597,804 Planning and development 376,545 --376,545 Miscellaneous -35 1,300,626 1,300,661 Debt service Interest and other charges --15,496 15,496 Capital outlay 1,741,294 --1,741,294 Total expenditures 4,548,436 35 1,316,122 5,864,593 Excess [deficiency] of revenues over [under] expenditures 1,575,443 15,219 [938,795] 651,867 Other financing sources [uses] Transfers in 1,241,413 --1,241,413 Total other financing sources [uses]1,241,413 --1,241,413 Net change in fund balance 2,816,856 15,219 [938,795] 1,893,280 Fund balance - Beginning of year 3,203,386 527,536 939,595 4,670,517 Prior period adjustment 425,644 --425,644 Fund balance - Beginning of year, restated 3,629,030 527,536 939,595 5,096,161 Fund balance - End of year 6,445,886$ 542,755$ 800$ 6,989,441$ For the Year Ended December 31, 2020 CITY OF SALINA, KANSAS COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS See independent auditor's report on the financial statements. 77 Business Special Community Sales Tax Downtown Bicentennial Improvement Neighborhood Parks &Special Development Economic TIF Center District Park Recreation Alcohol Revolving Development District #1 ASSETS Cash and investments 406,690$ 11,017$ 33,821$ 478,383$ 234$ 186,307$ 720,798$ 709,533$ Receivables Accounts -3,287 ------ Total assets 406,690$ 14,304$ 33,821$ 478,383$ 234$ 186,307$ 720,798$ 709,533$ LIABILITIES AND FUND BALANCES Liabilities: Accounts payable 89,049$ -$-$-$-$-$5,112$ -$ Due to other funds -------- Total liabilities 89,049 -----5,112 - Fund balance: Restricted -14,304 -465,773 234 186,307 -- Committed 317,641 -33,821 ---715,686 709,533 Assigned ---12,610 ---- Total fund balance [deficit]317,641 14,304 33,821 478,383 234 186,307 715,686 709,533 Total liabilities and fund balances 406,690$ 14,304$ 33,821$ 478,383$ 234$ 186,307$ 720,798$ 709,533$ CITY OF SALINA, KANSAS COMBINING BALANCE SHEET NONMAJOR SPECIAL REVENUE FUNDS For the Year Ended December 31, 2020 Kenwood Special South Downtown Alley Downtown STAR Bonds State 911 Cove Law Police 9th CID CID CID Hotel CID Subprojects Grants Communications Capital Enforcement Grants 22,388$ 286,564$ 3,742$18,719$ 2,000,000$ 6,493$421,418$ 195,961$ 82$3,479$ ---------- 22,388$ 286,564$ 3,742$18,719$ 2,000,000$ 6,493$421,418$ 195,961$ 82$3,479$ 20,691$ -$-$-$-$-$79,426$3,571$-$-$ ---------- 20,691 -----79,426 3,571 -- ---------- 1,697 286,564 3,742 18,719 2,000,000 6,493 165,343 192,390 82 3,479 ------176,649 --- 1,697 286,564 3,742 18,719 2,000,000 6,493 341,992 192,390 82 3,479 22,388$ 286,564$ 3,742$18,719$ 2,000,000$ 6,493$421,418$ 195,961$ 82$3,479$ See independent auditor's report on the financial statements. 78 Police War Federal Department Federal DARE Memorial Arts &CARE Federal Homeowners'Private Grants Donations Maintenance Humanities Grant Forfeiture Funds Assistance Grants ASSETS Cash and investments -$14,031$ 30,843$ 103,587$ 26,141$ 99$19,041$ 1,954$ Receivables Accounts -------- Total assets -$14,031$ 30,843$ 103,587$ 26,141$ 99$19,041$ 1,954$ LIABILITIES AND FUND BALANCES Liabilities: Accounts payable 16,440$ 825$ -$3,521$ -$-$-$-$ Due to other funds 31,989 ------- Total liabilities 48,429 825 -3,521 ---- Fund balance: Restricted ----26,141 --1,954 Committed [48,429] 13,206 30,843 100,066 -99 19,041 - Assigned -------- Total fund balance [deficit][48,429] 13,206 30,843 100,066 26,141 99 19,041 1,954 Total liabilities and fund balances -$14,031$ 30,843$ 103,587$ 26,141$ 99$19,041$ 1,954$ CITY OF SALINA, KANSAS COMBINING BALANCE SHEET NONMAJOR SPECIAL REVENUE FUNDS (Continued) For the Year Ended December 31, 2020 Animal Special Court Police Beechcraft Bail Shelter Assessments Bond and Investigation DTF DTF Remediation Bond Donations Escrow Restitution Account Citizenship Local Reserve Settlement Escrow Totals 560,731$ 116,682$ 31,394$ 3,384$39,757$ 10,076$ 41,663$ 189,966$ 1,135$6,696,113$ ---------3,287 560,731$ 116,682$ 31,394$ 3,384$39,757$ 10,076$ 41,663$ 189,966$ 1,135$6,699,400$ 1,590$-$-$-$1,000$300$-$-$-$221,525$ ---------31,989 1,590 ---1,000 300 ---253,514 ---------694,713 559,141 116,682 31,394 3,384 38,757 9,776 41,663 189,966 1,135 5,561,914 ---------189,259 559,141 116,682 31,394 3,384 38,757 9,776 41,663 189,966 1,135 6,445,886 560,731$ 116,682$ 31,394$ 3,384$39,757$ 10,076$ 41,663$ 189,966$ 1,135$6,699,400$ See independent auditor's report on the financial statements. 79 Business Special Community Sales Tax Downtown Bicentennial Improvement Neighborhood Parks &Special Development Economic TIF Center District Park Recreation Alcohol Revolving Development District #1 Revenues Taxes -$-$-$-$-$-$350,004$ 291,557$ Intergovernmental ---171,982 171,982 --- Charges for services -80,807 ------ Licenses and permits --5,070 ----- Investment revenue -------2,443 Donations -------- Miscellaneous 175,000 -----1,833 - Total Revenues 175,000 80,807 5,070 171,982 171,982 -351,837 294,000 Expenditures Current Culture and recreation 713,405 ------- Public safety -------- Public health and sanitation ----171,982 --- Planning and development -73,176 -----20,109 Capital outlay ---42,465 --344,714 - Total Expenditures 713,405 73,176 -42,465 171,982 -344,714 20,109 Excess [deficiency] of revenues over [under] expenditures [538,405] 7,631 5,070 129,517 --7,123 273,891 Other financing sources [uses] Transfers in 656,063 ------- Total other financing sources [uses]656,063 ------- Net change in fund balance 117,658 7,631 5,070 129,517 --7,123 273,891 Fund balance, beginning of year 199,983 6,673 28,751 348,866 234 186,307 708,563 435,642 Prior period adjustment -------- Fund balance, beginning of year, restated 199,983 6,673 28,751 348,866 234 186,307 708,563 435,642 Fund balance, end of year 317,641$ 14,304$ 33,821$ 478,383$234$ 186,307$ 715,686$ 709,533$ CITY OF SALINA, KANSAS COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES NONMAJOR SPECIAL REVENUE FUNDS For the Year Ended December 31, 2020 Kenwood Special South Downtown Alley Downtown STAR Bonds State 911 Cove Law Police 9th CID CID CID Hotel CID Subprojects Grants Communications Capital Enforcement Grants 216,895$ 232,549$ 17,176$ 18,648$ -$-$-$-$-$-$ -----122,055 477,372 --3,479 ---------- ---------- 33 685 20 71 --1,646 --- ---------- 11,732 67,817 --3,219,786 ----- 228,660 301,051 17,196 18,719 3,219,786 122,055 479,018 --3,479 ---------- ------586,331 --- ---------- 228,237 14,487 13,454 ------- ----1,219,786 122,055 -11,149 -- 228,237 14,487 13,454 -1,219,786 122,055 586,331 11,149 -- 423 286,564 3,742 18,719 2,000,000 -[107,313][11,149]-3,479 -------68,350 -- -------68,350 -- 423 286,564 3,742 18,719 2,000,000 -[107,313]57,201 -3,479 1,274 ----6,493 449,305 135,189 82 - ---------- 1,274 ----6,493 449,305 135,189 82 - 1,697$ 286,564$ 3,742$ 18,719$ 2,000,000$ 6,493$ 341,992$ 192,390$ 82$3,479$ See independent auditor's report on the financial statements. 80 Police War Federal Department Federal DARE Memorial Arts &CARE Federal Homeowners'Private Grants Donations Maintenance Humanities Grant Forfeiture Funds Assistance Grants Revenues Taxes -$-$-$-$-$-$-$-$ Intergovernmental 222,996 ------- Charges for services - --27,328 ---- Licenses and permits - ------- Investment revenue - -113 ----- Donations - ------- Miscellaneous -12,175 ----2,196 - Total Revenues 222,996 12,175 113 27,328 --2,196 - Expenditures Current Culture and recreation - --494,026 ---- Public safety - ------- Public health and sanitation 312,550 ------- Planning and development -27,082 ------ Capital outlay -------- Total Expenditures 312,550 27,082 -494,026 ---- Excess [deficiency] of revenues over [under] expenditures [89,554] [14,907] 113 [466,698] --2,196 - Other financing sources [uses] Transfers in -- -517,000 ---- Total other financing sources [uses]-- -517,000 ---- Net change in fund balance [89,554] [14,907] 113 50,302 --2,196 - Fund balance, beginning of year 41,125 28,113 30,730 49,764 26,141 99 16,845 1,954 Prior period adjustment -- ------ Fund balance, beginning of year, restated 41,125 28,113 30,730 49,764 26,141 99 16,845 1,954 Fund balance, end of year [48,429]$ 13,206$ 30,843$ 100,066$ 26,141$ 99$19,041$ 1,954$ For the Year Ended December 31, 2020 CITY OF SALINA, KANSAS COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES NONMAJOR SPECIAL REVENUE FUNDS (Continued) Animal Special Court Police Beechcraft Bail Shelter Assessments Bond and Investigation DTF DTF Remediation Bond Donations Escrow Restitution Account Citizenship Local Reserve Settlement Escrow Totals -$-$-$-$-$-$-$-$-$1,126,829$ 50,000 --------1,219,866 ---------108,135 ---------5,070 ----11,055 --698 -16,764 121,160 ------8,033 -129,193 --8,867 1 -13,265 5,350 --3,518,022 171,160 -8,867 1 11,055 13,265 5,350 8,731 -6,123,879 ---------1,207,431 -----29,031 10,000 --625,362 113,272 --------597,804 ---------376,545 ----1,125 ----1,741,294 113,272 ---1,125 29,031 10,000 --4,548,436 57,888 -8,867 1 9,930 [15,766] [4,650] 8,731 -1,575,443 ---------1,241,413 ---------1,241,413 57,888 -8,867 1 9,930 [15,766] [4,650] 8,731 -2,816,856 501,253 --------3,203,386 -116,682 22,527 3,383 28,827 25,542 46,313 181,235 1,135 425,644 501,253 116,682 22,527 3,383 28,827 25,542 46,313 181,235 1,135 3,629,030 559,141$ 116,682$ 31,394$ 3,384$ 38,757$ 9,776$ 41,663$ 189,966$ 1,135$ 6,445,886$ See independent auditor's report on the financial statements. 81 Cemetery Mausoleum Tricentennial ASSETS Endowment Endowment Commission Total Cash and investments 534,767$ 2,071$ 5,917$ 542,755$ Total assets 534,767$ 2,071$ 5,917$ 542,755$ LIABILITIES AND FUND BALANCES Liabilities Accounts payable -$-$-$-$ Total liabilities ---- Fund balances Committed 534,767 2,071 5,917 542,755 Total liabilities and fund balances 534,767$ 2,071$ 5,917$ 542,755$ CITY OF SALINA, KANSAS COMBINING BALANCE SHEET December 31, 2020 NONMAJOR PERMANENT FUNDS See independent auditor's report on the financial statements. 82 Cemetery Mausoleum Tricentennial Endowment Endowment Commission Total Revenues Charges for services 13,282$ -$-$13,282$ Investment revenue 1,942 8 22 1,972 Total revenues 15,224 8 22 15,254 Expenditures Miscellaneous 35 --35 Total expenditures 35 --35 Net change in fund balance 15,189 8 22 15,219 Fund balances - beginning of year 519,578 2,063 5,895 527,536 Fund balances - end of year 534,767$ 2,071$ 5,917$ 542,755$ NONMAJOR PERMANENT FUNDS For the Year Ended December 31, 2020 CITY OF SALINA, KANSAS COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES See independent auditor's report on the financial statements. 83 CITY OF SALINA, KANSAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS) BICENTENNIAL CENTER FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Miscellaneous 175,000$ -$-$175,000$ Total revenues 175,000 --175,000 Expenditures Culture and recreation 713,405 -740,000 26,595 Total expenditures 713,405 -740,000 26,595 Excess [deficiency] of revenues over [under] expenditures [538,405]-[740,000]201,595 Other financing sources [uses] Transfers in 656,063 -830,000 [173,937] Total other financing sources [uses]656,063 -830,000 [173,937] Excess [deficiency] of revenues and other sources over [under] expenditures and other [uses]117,658 -90,000 27,658 Unreserved fund balance, January 1 199,983 -137,177 62,806 Unreserved fund balance/GAAP fund balance December 31 317,641$ -$227,177$ 90,464$ Budgeted Amounts See independent auditor's report on the financial statements. 84 CITY OF SALINA, KANSAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS) BUSINESS IMPROVEMENT DISTRICT FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Charges for services 79,532$ 90,500$ 90,500$ [10,968]$ Total revenues 79,532 90,500 90,500 [10,968] Expenditures Planning and development 73,176 90,500 90,500 17,324 Total expenditures 73,176 90,500 90,500 17,324 Excess [deficiency] of revenues over [under] expenditures 6,356 --6,356 Unreserved fund balance, January 1 4,661 4,461 4,461 200 Unreserved fund balance, December 31 11,017 4,461$ 4,461$ 6,556$ Reconciliation to GAAP Accounts receivable 3,287 GAAP Fund Balance, December 31 14,304$ Budgeted Amounts See independent auditor's report on the financial statements. 85 CITY OF SALINA, KANSAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS) NEIGHBORHOOD PARK FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Licenses and permits 5,070$ 3,000$ 3,000$ 2,070$ Total revenues 5,070 3,000 3,000 2,070 Expenditures Capital outlay -10,000 10,000 10,000 Total expenditures -10,000 10,000 10,000 Excess [deficiency] of revenues over [under] expenditures 5,070 [7,000] [7,000]12,070 Unreserved fund balance, January 1 28,751 28,751 28,751 - Unreserved fund balance/GAAP fund balance December 31 33,821$ 21,751$ 21,751$ 12,070$ Budgeted Amounts See independent auditor's report on the financial statements. 86 CITY OF SALINA, KANSAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS) SPECIAL PARKS AND RECREATION FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Intergovernmental 171,982$ 197,740$ 197,740$ [25,758]$ Investment revenue - 100 100 [100] Total revenues 171,982 197,840 197,840 [25,858] Expenditures Capital outlay 55,075 194,000 194,000 138,925 Total expenditures 55,075 194,000 194,000 138,925 Excess [deficiency] of revenues over [under] expenditures 116,907 3,840 3,840 113,067 Unreserved fund balance, January 1 348,866 348,866 348,866 - Unreserved fund balance, December 31 465,773 352,706$ 352,706$ 113,067$ Reconciliation to GAAP Current year encumbrances 12,610 GAAP Fund Balance, December 31 478,383$ Budgeted Amounts See independent auditor's report on the financial statements. 87 CITY OF SALINA, KANSAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS) SPECIAL ALCOHOL FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Intergovernmental 171,982$ 197,740$ 197,740$ [25,758]$ Total revenues 171,982 197,740 197,740 [25,758] Expenditures Public health and sanitation 171,982 197,740 197,740 25,758 Total expenditures 171,982 197,740 197,740 25,758 Excess [deficiency] of revenues over [under] expenditures ---- Unreserved fund balance, January 1 234 234 234 - Unreserved fund balance/GAAP fund balance December 31 234$ 234$ 234$ -$ Budgeted Amounts See independent auditor's report on the financial statements. 88 CITY OF SALINA, KANSAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS) SALES TAX ECONOMIC DEVELOPMENT FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Taxes 350,004$ 338,228$ 338,228$ 11,776$ Miscellaneous 1,833 2,000 2,000 [167] Total revenues 351,837 340,228 340,228 11,609 Expenditures Capital outlay 344,714 375,000 375,000 30,286 Total expenditures 344,714 375,000 375,000 30,286 Excess [deficiency] of revenues over [under] expenditures 7,123 [34,772] [34,772]41,895 Unreserved fund balance, January 1 708,563 708,563 708,563 - Unreserved fund balance/GAAP fund balance December 31 715,686$ 673,791$ 673,791$ 41,895$ Budgeted Amounts See independent auditor's report on the financial statements. 89 CITY OF SALINA, KANSAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS) ARTS & HUMANITIES FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Charges for services 27,328$ 320,400$ 320,400$ [293,072]$ Miscellaneous -78,000 78,000 [78,000] Total revenues 27,328 398,400 398,400 [371,072] Expenditures Culture and recreation 494,026 1,064,364 1,064,364 570,338 Total expenditures 494,026 1,064,364 1,064,364 570,338 Excess [deficiency] of revenues over [under] expenditures [466,698][665,964][665,964]199,266 Other financing sources [uses] Transfers in 517,000 645,500 645,500 [128,500] Total other financing sources [uses]517,000 645,500 645,500 [128,500] Excess [deficiency] of revenues and other sources over [under] expenditures and other [uses]50,302 [20,464] [20,464] 70,766 Unreserved fund balance, January 1 49,764 49,764 49,764 - Unreserved fund balance/GAAP fund balance December 31 100,066$ 29,300$ 29,300$ 70,766$ Budgeted Amounts See independent auditor's report on the financial statements. 90 CITY OF SALINA, KANSAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS) DEBT SERVICE FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Taxes Real estate taxes 3,010,914$ 3,337,038$ 3,337,038$ [326,124]$ Delinquent taxes 47,317 55,000 55,000 [7,683] Motor vehicle taxes 325,274 314,918 314,918 10,356 Special assessments 1,511,279 1,546,000 1,546,000 [34,721] Miscellaneous - 1,744,792 1,744,792 [1,744,792] Total revenues 4,894,784 6,997,748 6,997,748 [2,102,964] Expenditures Debt Service Principal retirement 5,163,995 3,196,000 3,196,000 [1,967,995] Interest and other charges 1,937,284 1,327,000 1,327,000 [610,284] Special assessments - 1,437,000 1,437,000 1,437,000 Miscellaneous 53,301 - - [53,301] Total expenditures 7,154,580 5,960,000 5,960,000 [1,194,580] Excess [deficiency] of revenues over [under] expenditures [2,259,796] 1,037,748 1,037,748 [3,297,544] Other financing sources [uses] Transfers in 1,629,188 2,000,000 2,000,000 [370,812] Bond proceeds 1,206,882 - - 1,206,882 Total other financing sources [uses]2,836,070 2,000,000 2,000,000 836,070 Excess [deficiency] of revenues and other sources over [under] expenditures and other [uses]576,274 3,037,748 3,037,748 [2,461,474] Unreserved fund balance, January 1 1,089,325 1,089,325 1,089,325 - Unreserved fund balance, December 31 1,665,599 4,127,073$ 4,127,073$ [2,461,474]$ Reconciliation to GAAP Taxes receivable 3,121,345 Deferred revenue [3,062,827] GAAP Fund Balance, December 31 1,724,117$ Budgeted Amounts See independent auditor's report on the financial statements. 91 CITY OF SALINA, KANSAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET ASSETS - BUDGET AND ACTUAL (NON - GAAP BASIS) SOLID W ASTE DISPOSAL FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Charges for services 3,289,574$ 3,450,000$ 3,450,000$ [160,426]$ Miscellaneous 32,720 --32,720 Total revenues 3,322,294 3,450,000 3,450,000 [127,706] Expenditures Public works 2,520,556 3,109,733 3,109,733 589,177 Total expenditures 2,520,556 3,109,733 3,109,733 589,177 Excess [deficiency] of revenues over [under] expenditures 801,738 340,267 340,267 461,471 Other financing sources [uses] Transfers [out][659,200][417,350] [417,350][241,850] Total other financing sources [uses][659,200][417,350] [417,350][241,850] Excess [deficiency] of revenues and other sources over [under] expenditures and other [uses]142,538 [77,083] [77,083]219,621 Unreserved fund balance, January 1 4,448,687 4,512,595 4,512,595 [63,908] Unreserved fund balance, December 31 4,591,225$ 4,435,512$ 4,435,512$ 155,713$ Budgeted Amounts See independent auditor's report on the financial statements. 92 CITY OF SALINA, KANSAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET ASSETS - BUDGET AND ACTUAL (NON - GAAP BASIS) WATER AND SEWER FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Charges for services 20,071,807$ 21,976,800$ 21,976,800$ [1,904,993]$ Investment revenue -90,000 90,000 [90,000] Miscellaneous 8,714 5,000 5,000 3,714 Total revenues 20,080,521 22,071,800 22,071,800 [1,991,279] Expenditures Public works 10,463,369 17,112,294 17,112,294 6,648,925 Total expenditures 10,463,369 17,112,294 17,112,294 6,648,925 Excess [deficiency] of revenues over [under] expenditures 9,617,152 4,959,506 4,959,506 4,657,646 Other financing sources [uses] Transfers [out][6,576,717][3,889,750][3,889,750][2,686,967] Total other financing sources [uses][6,576,717][3,889,750][3,889,750][2,686,967] Excess [deficiency] of revenues and other sources over [under] expenditures and other [uses]3,040,435 1,069,756 1,069,756 1,970,679 Unreserved fund balances, January 1 13,642,411 12,603,880 12,603,880 1,038,531 Unreserved fund balances, December 31 16,682,846$ 13,673,636$ 13,673,636$ 3,009,210$ Budgeted Amounts See independent auditor's report on the financial statements. 93 CITY OF SALINA, KANSAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET ASSETS - BUDGET AND ACTUAL (NON - GAAP BASIS) SANITATION FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Charges for services 3,292,501$ -$3,450,000$ [157,499]$ Miscellaneous 49 -- 49 Total revenues 3,292,550 -3,450,000 [157,450] Expenditures Public works 2,371,205 -3,356,138 984,933 Total expenditures 2,371,205 -3,356,138 984,933 Excess [deficiency] of revenues over [under] expenditures 921,345 -93,862 827,483 Other financing sources [uses] Transfers [out][497,350]-[417,350][80,000] Total other financing sources [uses][497,350]-[417,350][80,000] Excess [deficiency] of revenues and other sources over [under] expenditures and other [uses]423,995 -[323,488]747,483 Unreserved fund balance, January 1 1,725,597 -1,373,911 351,686 Unreserved fund balances, December 31 2,149,592$ -$1,050,423$ 1,099,169$ Budgeted Amounts See independent auditor's report on the financial statements. 94 CITY OF SALINA, KANSAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN NET ASSETS - BUDGET AND ACTUAL (NON - GAAP BASIS) GOLF COURSE FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Charges for services 581,233$ 928,400$ 928,400$ [347,167]$ Investment revenue -350 350 [350] Miscellaneous 101,149 --101,149 Total revenues 682,382 928,750 928,750 [246,368] Expenditures Recreation 756,004 916,971 916,971 160,967 Total expenditures 756,004 916,971 916,971 160,967 Excess [deficiency] of revenues over [under] expenditures [73,622]11,779 11,779 [85,401] Other financing sources [uses] Transfers in 100,000 --100,000 Total other financing sources [uses]100,000 --100,000 Excess [deficiency] of revenues and other sources over [under] expenditures and other [uses]26,378 11,779 11,779 14,599 Unreserved fund balance, January 1 21,709 21,709 21,709 - Unreserved fund balances, December 31 48,087$ 33,488$ 33,488$ 14,599$ Budgeted Amounts See independent auditor's report on the financial statements. 95 CITY OF SALINA, KANSAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS) WORKERS' COMPENSATION RESERVE FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Charges for services 449,926$ 449,926$ 449,926$ -$ Investment revenue -2,500 2,500 [2,500] Miscellaneous -3,000 3,000 [3,000] Total revenues 449,926 455,426 455,426 [5,500] Expenditures General government 370,837 430,418 430,418 59,581 Total expenditures 370,837 430,418 430,418 59,581 Excess [deficiency] of revenues over [under] expenditures 79,089 25,008 25,008 54,081 Unreserved fund balance, January 1 1,062,930 933,944 933,944 128,986 Unreserved fund balances, December 31 1,142,019$ 958,952$ 958,952$ 183,067$ Budgeted Amounts See independent auditor's report on the financial statements. 96 CITY OF SALINA, KANSAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS) HEALTH INSURANCE FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Charges for services 6,535,830$ 7,523,584$ 7,523,584$ [987,754]$ Investment revenue -5,000 5,000 [5,000] Miscellaneous 36,427 25,000 25,000 11,427 Total revenues 6,572,257 7,553,584 7,553,584 [981,327] Expenditures General government 5,544,560 6,820,010 6,820,010 1,275,450 Total expenditures 5,544,560 6,820,010 6,820,010 1,275,450 Excess [deficiency] of revenues over [under] expenditures 1,027,697 733,574 733,574 294,123 Unreserved fund balance, January 1 2,188,453 2,188,453 2,188,453 - Unreserved fund balances, December 31 3,216,150$ 2,922,027$ 2,922,027$ 294,123$ Budgeted Amounts See independent auditor's report on the financial statements. 97 CITY OF SALINA, KANSAS SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS) CENTRAL GARAGE FUND For the Year Ended December 31, 2020 Variance with Final Budget Positive Actual Original Final [Negative] Revenues Charges for services 1,267,477$ 1,498,644$ 1,498,644$ [231,167]$ Investment revenue -40 40 [40] Miscellaneous 5,753 2,500 2,500 3,253 Total revenues 1,273,230 1,501,184 1,501,184 [227,954] Expenditures General government 1,194,150 1,546,186 1,546,186 352,036 Total expenditures 1,194,150 1,546,186 1,546,186 352,036 Excess [deficiency] of revenues over [under] expenditures 79,080 [45,002][45,002]124,082 Other financing sources [uses] Transfers in 80,000 80,000 80,000 - Total other financing sources [uses]80,000 80,000 80,000 - Excess [deficiency] of revenues and other sources over [under] expenditures and other [uses]159,080 34,998 34,998 124,082 Unreserved fund balance, January 1 154,658 154,658 154,658 - Unreserved fund balance, December 31 313,738$ 189,656$ 189,656$ 124,082$ Budgeted Amounts See independent auditor's report on the financial statements. 98 99 CITY OF SALINA, KANSAS INTERNAL SERVICE FUNDS Internal service funds are used to account for the financing of goods or services provided by one agency to other departments or agencies of the government and to other governmental units on a cost reimbursement basis. Workers' compensation reserve fund -To account for the costs of providing a partially self-insured workers' compensation plan and for accumulating the necessary reserve amounts. Health insurance fund -To account for the costs of providing a partially self-insured health insurance and for accumulating the necessary reserve amounts. Central garage fund -To account for the accumulation and allocation for costs associated with the City's centralized vehicle repair shop. Total Workers'Internal Compensation Health Central Service ASSETS Reserve Insurance Garage Funds Current assets: Cash and investments 1,142,019$ 3,216,251$359,389$4,717,659$ Inventory and prepaid supplies --101,219 101,219 Total current assets 1,142,019 3,216,251 460,608 4,818,878 Capital assets: Capital assets --168,234 168,234 Less: accumulated depreciation --153,963 153,963 Total capital assets --14,271 14,271 Total assets 1,142,019 3,216,251 474,879 4,833,149 Deferred outflows of resources: KPERS OPEB deferred outflows of resources --2,507 2,507 Pension deferred outflows of resources --47,470 47,470 Total deferred outflows of resources --49,977 49,977 Total assets and deferred outflows of resources 1,142,019$ 3,216,251$524,856$4,883,126$ Liabilities: Current liabilities (payable from current assets): Accounts payable -$100$ 45,650$ 45,750$ Current portion of compensated absences payable --13,919 13,919 Current portion of accrued claims payable 183,446 605,000 -788,446 Total current liabilities (payable from current assets)183,446 605,100 59,569 848,115 Noncurrent liabilities: Compensated absences payable --16,382 16,382 Accrued claims payable 263,049 --263,049 Net KPERS OPEB obligation --8,723 8,723 Net pension liability --187,907 187,907 Total noncurrent liabilities 263,049 -213,012 476,061 Total liabilities 446,495 605,100 272,581 1,324,176 Deferred inflows of resources KPERS OPEB deferred inflows of resources --1,251 1,251 Pension deferred inflows of resources --8,395 8,395 Total deferred inflows of resources --9,646 9,646 Total liabilities and deferred inflows of resources 446,495$ 605,100$ 282,227$1,333,822$ Net Position Invested in capital assets, net of related debt -$-$14,271$ 14,271$ Unrestricted 695,524 2,611,151 228,358 3,535,033 Total net position 695,524$ 2,611,151$242,629$3,549,304$ CITY OF SALINA, KANSAS COMBINING STATEMENT OF NET POSITION INTERNAL SERVICE FUNDS December 31, 2020 See independent auditor's report on the financial statements. 100 Total Workers'Internal Compensation Health Central Service Reserve Insurance Garage Funds Operating revenues Charges for services 449,926$ 6,535,830$ 1,267,477$ 8,253,233$ Miscellaneous -36,427 5,752 42,179 Total operating revenues 449,926 6,572,257 1,273,229 8,295,412 Operating expenses General government 505,760 5,660,142 1,225,572 7,391,474 Depreciation --362 362 Total operating expenses 505,760 5,660,142 1,225,934 7,391,836 Operating income [loss][55,834] 912,115 47,295 903,576 Nonoperating revenues [expenses] Investment revenue - - - - Total other operating revenues [expenses]- - - - Income [loss] before transfers [55,834] 912,115 47,295 903,576 Transfers from [to] other funds Transfers in - - 80,000 80,000 Total transfers --80,000 80,000 Change in net position [55,834] 912,115 127,295 983,576 Net position, January 1 751,358 1,699,036 115,334 2,565,728 Net position, December 31 695,524$ 2,611,151$ 242,629$ 3,549,304$ COMBINING STATEMENT OF REVENUES, EXPENSES INTERNAL SERVICE FUND CITY OF SALINA, KANSAS For the Year Ended December 31, 2020 AND CHANGES IN NET POSITION See independent auditor's report on the financial statements. 101 Total Workers'Internal Compensation Health Central Service Reserve Insurance Garage Funds Cash flows from operating activities Cash received from customers and users 584,849$ 6,651,412$1,267,477$8,503,738$ Cash paid to suppliers of goods or services [506,685] [5,660,042] [919,219] [7,085,946] Cash paid to employees --[274,765] [274,765] Other operating receipts -36,427 5,752 42,179 Net cash provided by [used in] operating activities 78,164 1,027,797 79,245 1,185,206 Cash flows from investing activities Interest received ---- Cash flows from noncapital financing activities Transfers in --80,000 80,000 Net cash provided by [used in] noncapital financing activities --80,000 80,000 Net increase [decrease] in cash and cash equivalents 78,164 1,027,797 159,245 1,265,206 Cash and cash equivalents, January 1 1,063,855 2,188,454 200,144 3,452,453 Cash and cash equivalents, December 31 1,142,019$ 3,216,251$359,389$ 4,717,659$ For the Year Ended December 31, 2020 CITY OF SALINA, KANSAS INTERNAL SERVICE FUNDS COMBINING STATEMENT OF CASH FLOW S See independent auditor's report on the financial statements. 102 Total Workers'Internal Compensation Health Central Service Reserve Insurance Garage Funds Reconciliation of operating [loss] income to net cash provided by [used in] operating activities Operating income [loss][55,834]$ 912,115$ 47,295$ 903,576$ Adjustments to reconcile operating income [loss] to net cash provided by [used in] operating activities Depreciation expense --362 362 [Increase] decrease in inventory --26,673 26,673 [Increase] decrease in deferred outflows --[24,376] [24,376] Increase [decrease] in accounts payable [925]100 165 [660] Increase [decrease] in accrued compensated absences --[1,145] [1,145] Increase [decrease] in net pension liability --31,639 31,639 Increase [decrease] in KPERS OPEB liability --[1,405] [1,405] Increase [decrease] in claims payable 134,923 115,582 -250,505 Increase [decrease] in deferred inflows --37 37 Net cash provided by [used in] operating activities 78,164$ 1,027,797$ 79,245$ 1,185,206$ For the Year Ended December 31, 2020 CITY OF SALINA, KANSAS INTERNAL SERVICE FUNDS (Continued) COMBINING STATEMENT OF CASH FLOW S See independent auditor's report on the financial statements. 103 STATISTICAL SECTION 2011 2012 2013 2014 2015 2016 2017 2018 Amount %Amount %Amount %Amount %Amount %Amount %Amount %Amount %Amount %Amount % Governmental activities Net investment in capital assets 109,289$93%112,929$94%116,585$90%115,589$90%130,401$ 122%124,635$ 108%129,921$105%144,846$109%151,527$ 110%143,559$ 100% Restricted 1,712 1%1,082 1%1,210 1%876 1%1,224 1%1,738 1%2,012 2%2,366 2%1,670 1%2,267 2% Unrestricted 6,333 5%5,511 5%11,628 9%11,413 9%(24,922) -23%(10,505) -9%(8,232) -7%(13,759)-10%(14,839) -11%(1,744) -1% Total governmental activities net position 117,334$100%119,522$100%129,423$100%127,878$100%106,703$ 100%115,868$ 100%123,701$100%133,453$100%138,358$ 100%144,081$ 100% Business-type activities Net investment in capital assets 44,227$ 63%50,857$ 69%57,103$ 75%61,721$ 75%68,107$ 80%62,427$ 71%63,316$ 71%62,368$ 69%63,301$ 68%63,742$ 66% Restricted 1,553 2%1,553 2%1,553 2%1,512 2%1,512 2%1,512 2%1,512 2%1,512 2%1,368 1%1,175 1% Unrestricted 24,528 35%21,450 29%17,794 23%19,545 24%15,610 18%23,621 27%24,255 27%26,503 29%28,883 31%31,692 33% Total business-type activities net position 70,308$ 100%73,860$ 100%76,450$ 100%82,778$ 100%85,229$ 100%87,560$ 100%89,083$ 100%90,383$ 100%93,552$ 100%96,610$ 100% Primary government Net investment in capital assets 153,516$82%163,786$85%173,688$84%177,311$84%198,508$ 103%187,062$ 92%193,237$91%207,213$93%214,828$ 93%207,301$ 86% Restricted 3,216 2%2,635 1%2,763 1%2,388 1%2,736 1%3,250 2%3,524 2%3,878 2%3,038 1%3,442 1% Unrestricted 30,867 16%26,961 14%29,422 14%30,959 15%(9,312) -5%13,116 6%16,023 8%12,744 6%14,044 6%29,948 12% Total primary government net position 187,599$100%193,382$100%205,873$100%210,658$100%191,932$ 100%203,428$ 100%212,784$100%223,835$100%231,910$ 100%240,691$ 100% Source: City of Salina Comprehensive Annual Financial Reports, 2011 - 2020 20202019 Fiscal Year Schedule 1 City of Salina, Kansas Net Position by Component Last Ten Fiscal Years (accrual basis of accounting) (in 000's) 104 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Expenses Governmental activities: General government 13,614$ 11,278$ 10,978$ 12,175$ 10,743$ 9,188$ 9,780$ 12,013$ 10,866$ 10,395$ Public safety 18,579 19,066 19,649 20,208 21,084 22,232 23,120 23,892 25,358 24,672 Public works 9,858 10,957 11,064 11,401 9,049 9,773 10,345 10,458 10,529 10,511 Public health and sanitation 1,368 1,383 1,369 347 995 1,095 1,126 1,256 1,156 1,323 Culture and recreation 6,693 5,338 4,809 5,156 6,517 6,612 6,880 7,040 6,879 5,034 Planning and development 3,450 3,362 3,399 3,236 1,915 2,047 1,835 2,369 2,522 2,004 Interest on long term debt 1,650 1,914 1,953 1,817 1,774 2,971 1,725 2,117 2,169 2,350 Total governmental activities expenses 55,212 53,298 53,221 54,340 52,077 53,918 54,811 59,145 59,479 56,288 Business-type activities: Solid waste disposal 2,945 2,067 3,532 1,867 1,766 2,335 2,365 2,382 2,871 2,056 Water and sewer 13,597 14,897 15,418 14,938 11,712 14,807 15,650 15,190 14,551 13,386 Sanitation 2,261 2,441 2,237 2,399 1,909 2,043 2,178 2,419 2,313 2,526 Golf course 825 723 768 837 821 792 852 926 888 805 Total business-type activities expenses 19,628 20,128 21,955 20,041 16,208 19,977 21,045 20,917 20,623 18,773 Total primary government expenses 74,840$ 73,426$ 75,176$ 74,381$ 68,285$ 73,895$ 75,856$ 80,062$ 80,102$ 75,061$ Program Revenues Governmental activities: Charges for services General government 6,106$ 6,328$ 5,548$ 5,662$ 3,151$ 3,134$ 3,470$ 3,569$ 3,401$ 3,339$ Public safety 3,766 4,290 4,656 4,222 4,600 4,891 4,601 4,815 4,357 4,325 Public works 262 306 277 255 193 238 348 285 309 294 Public health and sanitation 43 46 34 46 46 44 50 47 46 49 Culture and recreation 3,140 1,728 1,466 1,533 1,501 1,638 1,541 1,545 1,514 279 Planning and development 153 158 161 167 73 140 91 150 104 113 Operating grants and contibutions 2,907 4,495 4,200 4,015 3,394 4,332 4,541 4,299 4,540 4,714 Capital grants and contributions - - - - -733 - - - - Total governmental activities program revenues 16,377 17,351 16,342 15,900 12,958 15,150 14,642 14,710 14,271 13,115 Business-type activities: Charges for services Solid waste disposal 2,904 3,137 3,138 3,024 2,519 2,795 3,165 3,097 3,082 3,290 Water and sewer 17,904 19,099 17,938 18,742 19,059 19,322 19,855 20,202 20,510 19,449 Sanitation 2,334 2,462 2,514 2,553 2,529 2,751 2,885 3,006 3,325 3,194 Golf course 636 783 719 811 820 789 798 756 810 581 Operating grants and contributions 202 - - - - - - - - - Capital grants and contributions 3,804 274 -115 ---- -- Total business-type activities program revenues 27,784 25,755 24,309 25,245 24,927 25,657 26,703 27,061 27,727 26,513 Total primary government program revenues 44,161$ 43,106$ 40,651$ 41,145$ 37,885$ 40,807$ 41,345$ 41,771$ 41,998$ 39,628$ Net (Expense) Revenue Governmental activities (38,835)$ (35,947)$ (36,879)$ (38,440)$ (39,119)$ (38,768)$ (40,169)$ (39,800)$(45,208)$(43,173)$ Business-type activities 8,156 5,627 2,354 5,204 8,719 5,680 5,658 6,143 7,103 7,740 Total primary government net expense (30,679)$ (30,320)$ (34,525)$ (33,236)$ (30,400)$ (33,088)$ (34,511)$ (33,657)$(38,105)$(35,433)$ General Revenues and Other Changes in Net Position Governmental activities: Taxes Property taxes, general purpose 7,783$ 8,272$ 8,031$ 8,315$ 8,242$ 8,196$ 9,101$ 8,623$ 9,708$ 10,308$ Property taxes, debt service 2,779 2,439 2,362 2,578 2,766 3,022 2,487 2,457 2,664 3,058 Motor vehicle taxes 1,150 1,153 1,200 1,250 1,312 1,370 1,372 1,428 1,403 1,520 Sales tax, general purpose 11,767 12,165 12,260 12,689 12,931 12,781 12,906 13,292 13,419 13,697 Selective sales tax 4,080 4,210 4,281 4,461 4,558 4,901 8,832 8,917 9,323 9,751 Other taxes 6,390 6,486 6,630 7,231 7,363 7,991 6,900 7,241 6,975 6,117 Investment revenues 77 66 67 98 86 148 92 183 670 286 Miscellaneous 872 660 9,918 1,160 2,371 5,842 2,003 1,062 1,168 8,328 Transfers, net 199 30 999 787 3,819 3,600 4,309 4,831 4,781 5,133 Total governmental activities 35,097 35,481 45,748 38,569 43,448 47,851 48,002 48,034 50,111 58,199 Business-type activities: Investment revenues 84 79 49 51 56 78 129 233 -4 Miscellaneous 330 434 279 97 - - 103 153 846 446 Reimbursements 180 132 79 - Transfers, net (199)(30)(950)-(3,781) (3,581) (4,367) (4,831) (4,781) (5,133) Total business-type activities 215 483 (622)328 (3,593) (3,424) (4,135) (4,445) (3,935) (4,682) Total primary government 35,312$ 35,964$ 45,126$ 38,897$ 39,855$ 44,427$ 43,867$ 43,589$ 46,176$ 53,517$ Change in Net Position Governmental activities (3,738)$ (466)$ 8,869$ 129$ 4,329$ 9,083$ 7,833$ 8,233 4,902 15,026 Business-type activities 8,371 6,110 1,732 5,532 5,126 2,256 1,523 1,698 3,169 3,058 Total primary government 4,633$ 5,644$ 10,601$ 5,661$ 9,455$ 11,339$ 9,356$ 9,931$ 8,071$ 18,084$ Source: City of Salina Comprehensive Annual Financial Reports, 2011 - 2020 Fiscal Year Schedule 2 City of Salina, Kansas Changes in Net Position Last Ten Fiscal Years (accrual basis of accounting) (in 000's) 105 2012 2013 2014 2015 2016 2017 2018 2019 2020 (Note 2) General Fund Nonspendable 90$ 116$ 81$ 107$ 111$ 131$ 153$ 152$ 212$ 184$ Restricted - - - - - - - - - - Committed - - - - - - - - - - Assigned 293 540 331 239 199 136 214 340 274 244 Unreserved/unassigned 3,454 3,172 3,138 3,908 4,530 4,765 6,516 6,251 8,821 14,714 Total general fund 3,837$ 3,828$ 3,550$ 4,254$ 4,840$ 5,032$ 6,883$ 6,743$ 9,307$ 15,142$ Restatement Restated fund balance All other governmental funds Nonspendable -$ -$-$-$-$-$-$-$-$-$ Restricted 3,611 3,319 3,446 2,910 2,793 3,142 4,191 4,648 5,224 4,980 Committed 127 (516)7,486 9,886 8,695 14,284 10,072 7,325 8,086 13,225 Assigned 4,323 4,087 3,146 1,280 619 1,043 641 1,227 963 1,965 Unreserved/unassigned - - - - (10,537) (6,823) (28)(852)(7,804) (4,028) Total all other governmental funds 8,061$ 6,890$ 14,078$ 14,076$ 1,570$ 11,646$ 14,876$ 12,348$ 6,469$ 16,143$ Note 1: Prior year amounts have not been restated for the implementation of GASB Statement 54 in fiscal year 2011. Note 2: Committed fund balance increased due to changes from the implementation of GASB Statement 84 in fiscal year 2020. Source: City of Salina Comprehensive Annual Financial Reports, 2011 - 2020 2011 (Note 1) Fiscal Year Schedule 3 City of Salina, Kansas Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) (in 000's) 106 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Revenues Taxes (see Schedule 5)33,949$ 34,724$ 34,764$ 36,523$ 37,171$ 38,261$ 41,597$ 41,958$ 43,492$ 44,452$ Intergovernmental 2,901 4,487 4,192 4,008 3,385 4,325 4,536 4,297 4,573 5,317 Special assessments 1,535 2,315 1,706 1,810 1,679 1,669 1,539 1,546 1,596 1,511 Licenses and permits 6 8 9 7 10 7 6 3 4 5 Charges for services 9,730 8,484 8,536 8,276 6,416 6,953 6,880 7,338 6,804 5,557 Investment revenue 69 47 40 59 47 142 79 157 670 286 Reimbursements 32 36 9,015 123 491 1,406 --- - Donations 241 83 141 111 238 90 129 Miscellaneous 599 537 810 799 1,853 4,315 1,851 884 1,545 5,656 Total revenues 48,821 50,638 59,072 51,846 51,135 57,219 56,599 56,421 58,774 62,913 Expenditures General government 3,461 3,574 4,269 3,986 5,342 5,422 5,423 5,649 4,582 5,506 Public safety 18,118 18,564 19,155 19,559 21,268 21,664 21,629 22,953 23,692 22,435 Public works 6,569 7,004 7,220 7,443 5,333 5,778 6,048 6,162 6,136 6,082 Public health and sanitation 1,330 1,343 1,344 319 982 1,078 1,097 1,236 1,121 1,280 Culture and recreation 5,900 4,449 3,939 4,292 5,659 5,817 6,143 6,255 6,047 4,245 Planning and development 3,344 3,256 3,293 3,232 1,910 2,042 1,801 2,185 2,311 1,794 Miscellaneous - - - - - - ---1,354 Capital outlay 9,847 7,327 13,047 11,009 25,527 24,001 18,281 16,344 21,913 12,041 Debt service Principal 4,411 8,592 5,038 5,261 6,250 17,902 5,088 14,243 10,324 5,164 Interest 2,084 2,103 1,867 1,864 1,833 3,152 1,771 2,192 2,136 2,366 Deposit to escrow -92 -- ------ Total expenditures 55,064 56,304 59,172 56,965 74,104 86,856 67,281 77,219 78,262 62,267 Other financing sources (uses) Bonds and notes issued 6,565 6,150 5,690 5,365 6,825 34,892 11,490 8,090 11,090 8,720 Bond and note premium 23 60 185 302 369 1,503 95 70 443 468 Transfers in 7,994 3,488 4,907 3,001 7,642 7,065 8,339 13,462 9,714 9,323 Transfers out (5,692) (3,458) (3,907) (2,999) (3,913) (3,555) (4,160) (4,186) (5,073) (4,271) Issuance costs - - - - - --- - Other 156 - - - - - --- - Total other financing sources (uses)9,046 6,240 6,875 5,669 10,923 39,905 15,764 17,436 16,174 14,241 Net change in fund balance 2,803$ 574$ 6,775$ 550$ (12,046)$ 10,268$ 5,082$ (3,362)$ (3,314)$ 14,887$ Debt service as a percentage of non-capital expenditures 17% 28% 18% 18% 20% 50% 16% 37% 28% 18% Source: City of Salina Comprehensive Annual Financial Reports, 2011 - 2020 Last Ten Fiscal Years (modified accrual basis of accounting) (in 000's) Fiscal Year Schedule 4 City of Salina, Kansas Changes in Fund Balances, Governmental Funds 107 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Real estate 10,288$ 10,466$ 10,145$ 10,657$ 10,729$ 10,972$ 11,377$ 10,804$ 12,182$ 13,150$ Delinquent 274 245 248 235 279 246 210 276 190 216 Motor vehicle 1,150 1,153 1,200 1,250 1,312 1,370 1,372 1,428 1,403 1,520 General sales 11,767 12,165 12,260 12,689 12,931 12,781 12,906 13,293 13,419 13,697 Selective sales 4,080 4,210 4,281 4,461 4,558 4,901 8,832 8,917 9,323 9,751 Other taxes 6,390 6,485 6,630 7,231 7,362 7,991 6,900 7,240 6,975 6,117 Total taxes 33,949$ 34,724$ 34,764$ 36,523$ 37,171$ 38,261$ 41,597$ 41,958$ 43,492$ 44,452$ Source: City of Salina Comprehensive Annual Financial Reports, 2011 - 2020 Last Ten Fiscal Years (modified accrual basis of accounting) (in 000's) Fiscal Year City of Salina, Kansas Schedule 5 Tax Revenues by Source, Governmental Funds 108 Fiscal (Budget) Year Real Estate Personal Property State Assessed Total, Excluding Motor Vehicles Tax Rate Motor Vehicle (Note 1) Total, Taxable Assessed Value Estimated Total Market Value (Note 2) Ratio of Assessed Value to Est. Market Value 2011 367,750,803$ 19,918,188$ 14,685,585$ 402,354,576$ 26.022 50,330,252$ 452,684,828$ 2,884,188,981$15.70 2012 369,416,422$ 18,654,394$ 15,779,466$ 403,850,282$ 26.272 47,553,744$ 451,404,026$ 2,889,385,914$15.62 2013 370,390,092$ 17,769,120$ 16,948,264$ 405,107,476$ 26.927 48,882,411$ 453,989,887$ 2,917,267,724$15.56 2014 376,131,346$ 13,652,885$ 17,670,147$ 407,454,378$ 27.080 48,865,900$ 456,320,278$ 2,957,531,741$15.43 2015 381,087,426$ 12,607,815$ 18,984,453$ 412,679,694$ 27.311 50,350,566$ 463,030,260$ 2,957,531,741$15.66 2016 389,872,825$ 11,653,719$ 19,323,055$ 420,849,599$ 27.603 51,833,505$ 472,683,104$ 2,964,464,111$15.94 2017 399,918,216$ 10,900,308$ 19,671,685$ 430,490,209$ 26.129 50,970,796$ 481,461,005$ 3,097,885,103$15.54 2018 403,835,383$ 10,130,718$ 20,485,144$ 434,451,245$ 28.394 53,336,677$ 487,787,922$ 3,150,409,123$15.48 2019 421,108,311$ 11,245,813$ 22,113,195$ 454,467,319$ 29.720 54,687,311$ 509,154,630$ 3,294,115,685$15.46 2020 423,573,121$ 9,353,057$ 23,436,340$ 456,362,518$ 30.650 54,589,132$ 510,951,650$ 3,326,521,997$15.36 Note 1: The tax rate for motor vehicles is set based on the average countywide tax rate. The City of Salina then receives a share of that based on tax effort. Note 3: The Direct rate is expressed in dollars per thousand dollars of assessed value. Source: Saline County Clerk Schedule 6 City of Salina, Kansas Assessed and Estimated Actual Value of Taxable Property Last Ten Fiscal Years Note 2: The estimated market value excludes the value of the State assessed properties. Market value information is not available for those properties. However, state assessed property is generally assessed at 33% of market value, except for railroads, which are assessed at 15% of market value. Assessed Value 109 City of Salina Saline County USD 305 (2)Other (1) Fiscal (Budget) Year Operating Millage Debt Service Millage Total City Millage Operating Millage Debt Service Millage Total County Millage Operating Millage Debt Service Millage Total USD Millage Other 2011 19.236 6.786 26.022 31.432 31.432 45.818 13.095 58.913 12.131 128.498 2012 20.326 5.946 26.272 32.576 32.576 47.127 11.693 58.820 11.989 129.657 2013 20.242 5.948 26.190 34.823 34.823 47.133 11.516 58.649 12.135 131.797 2014 20.539 6.388 26.927 37.895 37.895 46.599 11.517 58.116 12.941 135.879 2015 20.692 6.388 27.080 38.047 38.047 44.088 11.517 55.605 13.305 134.037 2016 19.950 7.361 27.311 38.275 38.275 44.465 11.655 56.120 13.293 134.999 2017 21.694 5.909 27.603 37.508 37.508 44.069 11.674 55.743 13.299 134.153 2018 20.339 5.790 26.129 37.321 37.321 45.130 11.371 56.501 13.189 133.140 2019 22.285 6.109 28.394 38.437 38.437 46.776 10.746 57.522 13.988 138.341 2020 22.908 6.812 29.720 41.097 41.097 44.761 10.747 55.508 13.983 140.308 Source: Saline County Treasurer (2) A small portion of Salina is covered by USD 306, USD 307, or USD 400. Total Tax Rates are different in the areas covered by these jurisdictions. Schedule 7 City of Salina, Kansas Direct and Overlapping Property Tax Rates Last Ten Fiscal Years (rate per $1,000 of assessed value) (1) The "Other" column includes the State of Kansas, the Salina Airport Authority, the Salina Public Library and Kansas State Extension District #3. Total 110 Taxpayer Type of Business Assessed Valuation % of Total Valuation Rank Assessed Valuation % of Total Valuation Rank Evergy (Westar Energy (Western Resources) Utility 5,575,032$ 1.39%4 13,682,027$ 3.00%1 SFC Global Supply Chain, Inc. (Schwan's)Pizza Manufacturing 8,589,167 2.15%1 6,855,966 1.50%2 Kansas Gas Service Utility 3,622,225 0.90%7 4,415,353 0.97%3 RAF Salina LLC Retail Shopping Mall 6,254,013 1.56%2 4,296,499 0.94%4 S&B Motels Motel - N/A 3,774,927 0.83%5 Central Mall Realty Holding LLC Regional Shopping Center 3,587,574 N/A 2,868,321 0.63%6 Union Pacific Railroad 0.00% N/A 2,570,668 0.56%7 Menard Inc.Home Improvement N/A 2,465,098 0.54%8 Individual Residential 2,247,083 N/A 2,440,724 0.53%9 Sams Real Estate Business Trust/Walmart Discount Retail Stores N/A 2,286,508 0.50%10 Wal-mart Real Estate Business Trust Discount Retail Stores 3,468,733 0.87%5 Great Plains Manufacturing Manufacturing 2,879,602 0.72%10 Gateway Properties Shopping Mall (Midstate)- 0.00%6 Southwestern Bell Telephone Utility 3,107,097 0.78%8 Sunflower Bank Banking Institution - 0.00%9 Salina Regional Health Center Hospital and Medical Offices 5,589,420 1.40%3 Combined Valuation of the Ten Largest Taxpayers 44,919,946$ 45,656,091$ City Valuation 400,248,283$ 456,362,518$ Percent of Total City Assessed Valuation 11.22%10.00% Source: Saline County Clerk's Office or recent OS Schedule 8 City of Salina, Kansas Principal Property Taxpayers Current Year and Ten Years Ago 2020 (2019 Assessed Value)2011 (2010 Assessed Value) 111 Fiscal (Budget) Year Taxes Levied for the fiscal year Amount Percentage Delinquent Collections (1)Amount Percentage of levy 2011 10,415,491$ 10,287,770$ 98.8% 273,843$ 10,561,613$101.4% 2012 10,570,420$ 10,411,299$ 98.5% 245,086$ 10,656,385$100.8% 2013 10,550,730$ 10,145,404$ 96.2% 354,845$ 10,500,249$99.5% 2014 10,868,225$ 10,776,688$ 99.2% 62,432$ 10,839,120$99.7% 2015 10,991,959$ 10,460,246$ 95.2% 372,726$ 10,832,972$98.6% 2016 11,209,245$ 10,984,630$ 98.0% 184,970$ 11,169,600$99.6% 2017 11,564,876$ 11,320,197$ 97.9% 203,904$ 11,524,101$99.6% 2018 11,248,278$ 10,938,457$ 97.2% 276,340$ 11,214,797$99.7% 2019 12,335,808$ 12,097,740$ 98.1% 189,587$ 12,287,327$99.6% 2020 13,506,590$ 13,203,183$ 97.8% 216,358$ 13,419,541$99.4% Source: Saline County Treasurer's Office (1) Delinquent collections are reported in the aggregate for all previous years. Data is not currently available for "collected in subsequent years" Current Year Tax Distributions Total Tax Distributions Schedule 9 City of Salina, Kansas Property Tax Levies and Distributions Last Ten Fiscal Years 112 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 City Direct Tax Rate General 0.50%0.50%0.50%0.50%0.50%0.50%0.50%0.50%0.50%0.50% Special purpose 0.40%0.40%0.40%0.40%0.40%0.40%0.75%0.75%0.75%0.75% County-wide Tax Rate 1.00%1.00%1.00%1.00%1.00%1.00%1.00%1.00%1.00%1.00% Portion of County-wide tax allocated to City (July Percentage)63.34%61.72%60.86%60.23%60.28%60.28%60.28%59.85%60.33%60.17% In May, 2016, the voters approved an increase in the Special Purpose Tax rate from .40% to .75%, to be effective October 1, 2016. Source: Kansas Department of Revenue In addition to the direct tax, the City receives a portion of the Countywide sales tax, based on a formula distribution. The formula is based on property tax effort and population, and is adjusted in January and July of each year. Schedule 10 City of Salina, Kansas Direct Sales Rate by Taxing Entity Last Ten Fiscal Years Fiscal Year 113 # Accts Water # Accts Water # Accts Water # Accts Water # Accts Water # Accts Water # Accts Water # Accts Water # Accts Water Rate Class Billed Sold Billed Sold Billed Sold Billed Sold Billed Sold Billed Sold Billed Sold Billed Sold Billed Sold Residential 17,893 1,225,931 17,966 989,788 18,042 1,003,100 18,086 987,540 18,125 950,697 18,124 988,572 18,130 963,387 18,155 864,810 18,238 965,782 Commercial 1,565 38,547 1,579 348,968 1,599 353,675 1,600 350,767 1,603 345,232 1,606 345,250 1,614 340,960 1,607 352,051 1,612 319,080 Industrial 42 174,595 40 182,529 42 193,233 44 202,407 44 191,236 44 193,503 44 211,843 44 196,229 43 164,766 Government 99 54,618 99 46,484 97 45,346 97 41,928 99 45,136 99 41,552 98 35,932 97 41,911 94 28,200 Apartment 169 70,263 168 67,155 166 60,865 164 61,400 163 57,039 163 58,378 157 71,559 157 62,127 156 58,651 Schools 81 57,027 84 44,187 84 45,328 85 45,545 85 41,176 83 36,039 81 30,810 79 31,839 78 24,518 Industrial special 1 40,448 1 20,439 - - - - - - - - - - - - - - Consumed in production 12 19,266 12 18,665 12 19,264 12 17,338 9 9,580 8 9,652 7 6,966 7 6,974 7 4,109 Rural water 1 25,930 1 21,530 1 22,993 1 21,915 1 23,384 1 25,624 1 22,345 1 21,663 1 31,776 Hospitals 10 17,896 9 26,482 10 32,184 9 31,858 9 33,728 9 35,132 9 31,856 9 29,892 9 29,483 Religious/non profit 38 5,399 37 4,810 37 4,973 37 4,986 36 5,224 36 4,749 36 4,458 35 2,780 35 2,215 Other taxable deductions - - - - - - - - - - - - - - - - - - Engineering studies 8 6,104 8 6,822 8 5,095 8 4,807 7 4,573 7 4,772 7 4,471 7 3,835 6 2,553 Providing taxable service 2 6,118 2 3,495 1 3,561 1 3,167 1 3,921 1 3,347 1 2,331 1 2,676 1 1,909 Sale of component parts 8 5,726 6 5,972 6 6,850 5 3,900 4 3,129 4 2,917 4 2,190 4 1,542 4 1,310 Fire hydrant 4 2,533 3 1,922 2 1,474 - - 3 1,727 3 1,790 3 2,829 3 1,180 3 2,106 Industrial consumed in production 3 3,543 3 4,417 3 3,588 3 2,388 3 1,930 3 1,962 3 2,107 3 2,219 3 1,946 Sales of farm equipment 1 83 1 107 1 48 1 53 1 54 1 104 1 56 1 124 1 109 19,937 1,754,027 20,018 1,793,771 20,111 1,801,577 20,153 1,779,999 20,193 1,717,766 20,192 1,753,343 20,196 1,734,098 20,210 1,621,853 20,291 1,638,511 Water Rate Schedule: Monthly meter charge (5/8")$4.74 $4.88 $5.03 $5.20 $5.36 $5.52 $5.74 $5.94 $6.15 Commodity charge (per 000 gal.): 0 - 2000 gal.$3.88 $4.04 $4.24 $4.45 $4.48 $4.77 $4.96 $5.13 $5.31 2001 - 10,000 gal Over 10,000 gal. Excess use charge $7.76 $8.08 $8.48 $8.90 $9.16 $9.54 $9.92 $10.26 $10.62 Wastewater Rate Schedule: Monthly base charge $6.77 $6.97 $7.11 $7.22 $7.36 $7.51 $7.81 $8.08 $8.36 Unit cost (per 000 gal.):$4.61 $4.79 $4.94 $5.01 $5.19 $5.29 $5.51 $5.70 $5.90 Water sold is expressed in thousands of gallons. Number of Accounts billed is the annual number of billings for each class divided by 12. Monthly meter charge increases with the size of the meter. Residential Wastewater is calculated based on Winter Quarter water consumption. Other accounts are based on monthly water consumption. 2008 Water Consumption Rate Structure changed from a decreasing tier structure to one rate and Excess Use Charge which is double the consumption rate Source: City of Salina Water Customer Accounting Office. 20142013 20152012 Schedule 11 City of Salina, Kansas 202020192018 Water Sales by Class of Customer Last Ten Fiscal Years 20172016 114 Fiscal Year General Obligation Bonds Loans Payable Capital Lease Temporary Notes General Obligation Bonds Water Revenue Bonds Loans Payable Temporary Notes Total Primary Government Percentage of Personal Income 2011 55,225,670$-$ -$ 3,400,000$ 7,417,907$ 16,193,925$-$ -$ 82,237,502$ 4.3% 2012 49,109,575$-$ -$ 1,485,000$ 9,613,926$ 15,850,228$-$ -$ 76,058,729$ 3.8% 2013 49,631,797$-$ -$ 3,800,000$ 8,519,799$ 15,226,532$-$ -$ 77,178,128$ 3.7% 2014 50,033,555$-$ 176,235$ 5,000,000$ 9,587,351$ 14,592,836$6,208,102$ -$ 85,598,079$ 4.1% 2015 50,840,632$-$ 479,366$ 5,995,000$ 8,539,773$ 13,949,139$5,753,620$ -$ 85,557,530$ 4.1% 2016 51,816,399$12,157,127$ 321,174$ 11,505,000$ 7,640,381$ 13,285,443$7,432,024$ -$ 104,157,548$ 5.0% 2017 55,994,305$12,171,090$ 157,868$ 6,811,742$ 6,520,433$ 12,606,747$8,862,810$ -$ 103,124,995$ 4.9% 2018 51,968,310$12,185,053$ -$ 18,123,505$ 5,282,578$ 11,898,051$10,632,351$ -$ 110,089,848$ 4.9% 2019 54,607,702$12,640,000$ -$ 11,170,000$ 4,102,298$ 10,330,000$46,354,852$ -$ 139,204,852$ 6.0% 2020 56,587,549$12,640,000$ -$ 7,050,000$ 8,742,451$ 9,615,000$ 35,926,029$ -$ 130,561,029$ 5.5% Source: City of Salina Comprehensive Annual Financial Reports, 2011 - 2020 Governmental Activities Business-Type Activities Schedule 12 City of Salina, Kansas Ratio of Outstanding Debt by Type Last Ten Fiscal Years 115 Fiscal Year General Obligation Bonds Capital Lease Temporary Notes Total Less: Debt Service Fund Net General Bonded Debt Percentage of Actual Taxable Value of Per Capita 2011 62,443,577$3,400,000$ 65,843,577$ 1,236,026$ 64,607,551$ 14.3% 1,354.26$ 2012 58,723,501$ -$ 1,485,000$ 60,208,501$ 582,412$ 59,626,089$ 13.1% 1,241.05$ 2013 58,151,596$ -$ 3,800,000$ 61,951,596$ 707,763$ 61,243,833$ 13.4% 1,280.02$ 2014 59,620,906$ 176,235$ 5,000,000$ 64,797,141$ 407,864$ 64,389,277$ 13.9% 1,345.17$ 2015 59,380,405$ 479,366$ 5,995,000$ 65,854,771$ 745,339$ 65,109,432$ 13.8% 1,361.75$ 2016 59,456,780$ 321,174$ 11,505,000$ 71,282,954$ 1,248,914$ 70,034,040$ 14.5% 1,479.51$ 2017 62,514,738$ 157,868$ 6,811,742$ 69,484,348$ 1,509,863$ 67,974,485$ 13.9% 1,446.45$ 2018 57,250,888$ -$ 18,123,505$ 75,374,393$ 1,851,358$ 73,523,035$ 14.4% 1,564.52$ 2019 58,710,000$ -$ 11,170,000$ 69,880,000$ 1,142,418$ 68,737,582$ 13.5% 1,471.39$ 2020 65,330,000$ -$ 7,050,000$ 72,380,000$ 1,724,117$ 70,655,883$ 13.8% 1,517.85$ Source: City of Salina Comprehensive Annual Financial Reports, 2011 - 2020 General Bonded Debt Outstanding Schedule 13 City of Salina, Kansas Ratio of Net General Bonded Debt Outstanding Last Ten Fiscal Years 116 City of Salina, Kansas Direct and Overlapping Governmental Activities Debt Jurisdiction Net General Obligation Bonded Debt Outstanding Percentage Applicable to City of Salina Amount Applicable to the City of Salina Direct: City of Salina 70,655,883$ 100.00%70,655,883$ Overlapping: Salina Airport Authority 20,175,000 100.00% 20,175,000 Saline County 216,812 73.88%163,268 USD 305 104,270,000 93.07%101,854,179 Total Overlapping Debt 124,661,812 122,192,447 Total Direct and Overlapping Debt 195,317,695$ 192,848,330$ Per Capita Direct and Overlapping debt 4,033.39$ Source: Saline County Clerk Schedule 14 Percentage of debt applicable to the City of Salina is based on the proportion that the assessed valuation of the City of Salina bears to the assessed valuation of the overlapping entity. As of December 31, 2020 117 Assessed Valuation510,951,650$ Debt Limit (30% of Assessed Value)153,285,495 Debt applicable to limit:Total Bonded Debt134,396,160$ Less GO Debt Attributable to Exempt Purposes(8,742,451) Less Revenue Bonds(9,615,000) Less Loans Payable(48,566,029) Less Fund Balance designated for Debt Service(1,724,117) Total Debt Applicable to Limitation65,748,563$ Legal debt margin87,536,932$ 2011201220132014201520162017201820192020Debt Limit134,928,191$ 135,421,208$ 136,196,966$ 136,896,083$ 138,909,078$ 141,804,931$ 142,000,537$ 146,336,377$ 152,724,804$ 153,285,495$ Total net debt applicable to limit57,747,032 49,309,445 52,724,034 54,625,691 56,090,293 62,072,485 61,296,184 68,240,457 66,232,649 65,748,563 Legal debt margin 77,181,159$ 86,111,763$ 83,472,932$ 82,270,392$ 82,818,785$ 79,732,446$ 80,704,353$ 78,095,920$ 86,492,155$ 87,536,932$ Total net debt applicable to the limit as a percentage of debt limit43% 36% 39% 40% 40% 44% 43% 47% 43% 43%Last Ten Fiscal YearsFiscal YearLegal Debt Margin Calculation for 2020Schedule 15City of Salina, KansasLegal Debt Margin118 Utility Service Less Operating Net Available Debt Service Fiscal Year Charges Expenses Revenue Principal Interest Coverage 2011 17,976,508$11,905,114$ 6,071,394$ 1,580,000$496,760$ 2.92 2012 19,163,426$12,222,431$ 6,940,995$ 340,000$ 596,992$ 7.41 2013 17,974,089$13,373,088$ 4,601,001$ 620,000$ 590,191$ 3.80 2014 18,964,164$12,112,288$ 6,851,876$ 630,000$ 577,791$ 5.67 2015 19,139,612$9,859,974$ 9,279,638$ 640,000$ 565,191$ 7.70 2016 19,389,348$11,800,473$ 7,588,875$ 660,000$ 549,191$ 6.28 2017 19,958,862$13,148,035$ 6,810,827$ 675,000$ 529,391$ 5.65 2018 20,382,469$12,973,621$ 7,408,848$ 705,000$ 509,141$ 6.10 2019 20,842,606$13,269,741$ 7,572,865$ 725,000$ 487,991$ 6.24 2020 19,448,780$12,460,334$ 6,988,446$ 715,000$ 327,117$ 6.71 Source: City of Salina Comprehensive Annual Financial Reports, 2011 - 2020 City of Salina Debt Service Schedules Water/Sewer Revenue Bonds Schedule 16 City of Salina, Kansas Pledged Revenue Coverage Last Ten Fiscal Years Debt Service 119 Fiscal Year Population Per Capita Personal Income (Saline County) Personal Income, Salina (interpolated) Unemployment Rate Labor Force, City of Salina USD 305 Headcount Percentage Free and Reduced Lunch City .5 cent sales tax Per Capita .5 cent sales Tax As a % of per capita personal income 2010 46,180 37,880$ 1,749,298,400$ 6.7%26,379 7,346 57.8%4,803,553$104.02$ 0.275% 2011 47,707 40,512$ 1,932,705,984$ 6.7%26,258 7,289 58.7%5,076,751$106.42$ 0.263% 2012 48,045 41,762$ 2,006,455,290$ 6.3%26,185 7,305 59.1%5,241,205$109.09$ 0.261% 2013 47,846 43,078$ 2,061,109,988$ 5.1%26,441 7,305 60.7%5,326,723$111.33$ 0.258% 2014 47,867 43,736$ 2,093,511,112$ 5.3%26,303 7,388 61.3%5,555,601$116.06$ 0.265% 2015 47,813 44,065$ 2,106,879,845$ 3.9%26,170 7,369 61.8%5,670,040$118.59$ 0.269% 2016 47,336 44,230$ 2,093,647,612$ 3.3%27,684 7,386 68.7%5,727,260$120.99$ 0.274% 2017 46,994 44,732$ 2,102,135,608$ 2.7%27,684 7,176 62.1%5,755,869$122.48$ 0.274% 2018 46,994 47,945$ 2,253,127,330$ 3.3%30,174 7,180 61.7%5,770,174$122.79$ 0.256% 2019 46,716 49,983$ 2,335,005,828$ 2.9%30,094 7,245 59.2%5,968,961$127.77$ 0.256% 2020 46,550 50,820$ 2,365,671,000$ 3.4%30,094 7,156 59.0%5,998,424$128.86$ 0.254% Sources:Increase in per capita Sales Tax (10 years)22.8% Population: Kansas Division of the Budget.Increase in per capita Personal Income 32.0% Personal income for Salina is derived from the population and per capita personal income for Saline County Per Capita Personal income as reported by the Bureau of Economic Analysis 2017 Per Capita Personal Income staff projection 2010 -2020 Employment City of Salina USD305 headcount and free and reduced lunch data derived from Kansas Department of Education./USD 305 Budget Document Employment: Kansas Department of Labor Schedule 17 City of Salina, Kansas Demographic and Economic Statistics Last Ten Fiscal Years Free and Reduced Lunch percentage is an average of the percentages for each building reported. School Data is reported at beginning of school year, eg 2017- 2018 school year is reported as 2017. 120 Employer Type of Business Employees Rank Percentage of Labor Force Employees Rank Percentage of Labor Force Salina Regional Health Center Health Care 1082 2 4.1%1,875 1 6.2% Unified School District No 305 Public School System 935 3 3.5%1,500 2 5.0% Schwan's Global Supply Chain Frozen Pizza Manufacturing 1850 1 7.0%1,200 3 4.0% Great Plains Manufacturing Agricultrual & Landscaping Equipment 650 5 2.5%1,200 4 4.0% Exide Technologies/Stryten Manufacturing Automotive Battery Manufacturer 800 4 3.0%700 5 2.3% City of Salina City Government 493 7 1.9%425 6 1.4% Salina Vortex Manufacturing -385 7 1.3% Saline County County Government 277 8 325 8 1.1% Walmart Retail -250 9 0.8% REV Group Manufacturing -175 10 0.6% Signify Fluorescent Lamps 600 6 2.3%- Eldorado National Busses/Recreational Vehicle 255 9 1.0%- Raytheon Aircraft Aircraft Manufacturing -10 0.0%- Total 6,942 26.4%8,035 26.7% Source: Salina Chamber of Commerce 2020 Schedule 18 City of Salina, Kansas Principal Employers Current Year and Nine Years Ago 2011 121 GOVERNMENTAL AUDIT SECTION Federal Federal Grantor/Pass-Through CFDA Grantor/Program Title Number Expenditures U.S. Department of Housing and Urban Development Fair Housing Assistance Program 14.401 91,100$ Passed Through the Kansas Department of Commerce: Community Development Block Grants/Entitlement Grants Cluster: Community Development Block Grants/Entitlement Grants 14.218 122,055 Total Community Development Block Grants/Entitlement Grants Cluster 122,055 Passed Through the Kansas Housing Resources Corporation: Emergency Solutions Grant 14.231 177,407 Total U.S. Department of Housing and Urban Development 390,562 U.S. Department of Justice Edward Byrne Memorial Justice Assistance Grant 16.738 52,713 Total U.S. Department of Justice 52,713 U.S. Department of the Treasury Passed Through Saline County: Coronavirus Relief Fund 21.019 1,218,475 Total U.S. Department of the Treasury 1,218,475 U.S. Department of Homeland Security Passed Through Kansas Adjutant General: Disaster Grants - Public Assistance (Presidentially Declared Disasters)97.036 42,885 Total U.S. Department of Homeland Security 42,885 U.S. Department of Transportation Passed Through Kansas Department of Transporation: Highway Safety Cluster: State and Community Highway Safety 20.600 3,284 National Priority Safety Programs 20.616 2,262 Total Highway Safety Cluster 5,546 Total U.S. Department of Transportation 5,546 Total Expenditures of Federal Awards 1,710,181$ CITY OF SALINA, KANSAS SCHEDULE OF EXPENDITURES OF FEDERAL AW ARDS For the Year Ended December 31, 2020 See independent auditor's report on the financial statements. 122 123 CITY OF SALINA, KANSAS NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS For the Year Ended December 31, 2020 1.Organization The City of Salina, Kansas (the City), is the recipient of several federal awards. All federal awards received directly from federal agencies as well as those awards that are passed through other government agencies, are included on the Schedule of Expenditures of Federal Awards. 2.Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City and is presented on the modified accrual basis of accounting, which is described in Note 1 to the City’s basic financial statements. The information presented in this schedule is in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200,Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. The City elected not to use the 10% de minimis indirect cost rate. 3.Local Government Contributions Local cost sharing is required by certain federal grants. The amount of cost sharing varies with each program. Only the federal share of expenditures is presented in the Schedule of Expenditures of Federal Awards. 4.Additional Audits Grantor agencies reserve the right to conduct additional audits of the City’s grant programs for economy and efficiency and program results that may result in disallowed costs to the City. However, management does not believe such audits would result in any disallowed costs that would be material to the City’s financial position at December 31, 2020. 5.Outstanding Loans The City did not have any outstanding loans under any federal grants at December 31, 2020. 6.Pass Through Numbers Pass through numbers have not been assigned to pass through grants on the Schedule of Expenditures of Federal Awards. Section I - Summary of Auditor's Results Financial Statements Type of auditor's report issued:Unmodified Internal control over financial reporting: Material weakness(es) identified?Yes X No Significant deficiency(ies) identified that are not considered to be material weaknesses?Yes X None reported Noncompliance material to financial statements noted?Yes X No Federal Awards Internal control over major programs: Material weakness(es) identified?Yes X No Significant deficiency(ies) identified that are not considered to be material weaknesses?Yes X None reported Type of auditor's report issued on compliance for major programs:Unmodified Any audit findings disclosed that are required to be reported in accordance with section 510(a) of Uniform Guidance?Yes X No Identification of major programs: CFDA Number(s) 21.019 Dollar threshold used to distinguish between type A and type B programs: Auditee qualified as low-risk auditee?Yes X No CITY OF SALINA, KANSAS Coronavirus Relief Fund $750,000 Name of Federal Program or Cluster SCHEDULE OF FINDINGS AND QUESTIONED COSTS For the Year Ended December 31, 2020 See independent auditor's report on the financial statements. 124 Section II - Financial Statement Findings Prior Year Findings None Noted. Current Year Findings None Noted. Section III - Federal Award Findings and Questioned Costs Prior Year Findings None Noted. Current Year Findings None Noted. SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) CITY OF SALINA, KANSAS For the Year Ended December 31, 2020 See independent auditor's report on the financial statements. 125 126 INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH “GOVERNMENT AUDITING STANDARDS” Mayor and City Commissioners City of Salina, Kansas We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States,the financial statements of the government activities, the business-type activities,the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of the City of Salina, Kansas (the City),as of and for the year ended December 31, 2020, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated July 23,2021. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control. A deficiency in internal controls exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the financial statements will not be prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charge with governance. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over financial reporting that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Compliance and Other Matters As part of obtaining reasonable assurance about whether the City’s financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws,regulations, contracts and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. 127 Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Certified Public Accountant Lawrence, Kansas July 23,2021 128 INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE FOR EACH MAJOR FEDERAL PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY THE UNIFORM GUIDANCE Mayor and City Commissioners City of Salina, Kansas Report on Compliance for Each Major Federal Program We have audited the compliance of the City of Salina, Kansas (the City), with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on the City’s major federal program for the year ended December 31, 2020. The City’s major federal financial program is identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs. Management’s Responsibility Management is responsible for compliance with federal statutes, regulations, and the terms and conditions of its federal awards applicable to its federal programs. Auditor’s Responsibility Our responsibility is to express an opinion on compliance for the City’s major federal program based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United State of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Those standards and the Uniform Guidance require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about the City’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion on compliance for the major federal program. However, our audit does not provide a legal determination on the City’s compliance. Opinion on Each Major Federal Program In our opinion, the City complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on its major federal program for the year ended December 31, 2020. Report on Internal Control Over Compliance The management of the City is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance, we considered the City’s internal control over compliance with the types of requirements that could have a direct and material effect on the major federal program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for the major federal program and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the City's internal control over compliance. 129 A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of the internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in the internal control over compliance that might be material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose. Certified Public Accountant Lawrence, Kansas July 23, 2021