Audit - 2004
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 31,2004
Prepared by Department of Finance and Administration
of City of Salina, Kansas
This page intentionally left blank.
CITY OF SALINA, KANSAS
Comprehensive Annual Financial Report
For the year ended December 31, 2004
TABLE OF CONTENTS
Paae
INTRODUCTORY SECTION
Letter of Transmittal
i-v
GFOA Certificate of Achievement for Excellence in Financial Reporting
vi
Organizational Chart
vii
List of Principal Officials
viii
FINANCIAL SEC-nON
Independent Auditors Report on the Basic Financial Statements
1 - 2
Management's Discussion and Analysis
3 - 14
Basic Financial Statements:
Government-wide Financial Statements
Statement of Net Assets
15
Statement of Activities
16
Fund Financial Statements
Balance Sheet - Governmental Funds
17
Reconciliation of the Total Governmental Fund Balance to
Net Assets of Governmental Activities
18
Statement of Revenues, Expenditures, and Changes in
Fund Balance - Governmental Funds
19
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures
and Changes in Fund Balance with the Government-Wide Statement of Activities
20
Statement of Net Assets - Proprietary Funds
21
Statement of Revenues, Expenses, and Changes in Fund
Net Assets - Proprietary Funds
22
Statement of Cash Flows - Proprietary Funds
23 - 24
Statement of Assets and Liabilities - Agency Funds
25
Notes to the Basic Financial Statements
26 - 48
CITY OF SALINA, KANSAS
Comprehensive Annual Financial Report
For the year ended December 31,2004
TABLE OF CONTENTS - CON1-INUED
Paae
FINANCIAL SECTION - CONTINUED
Required Supplementary Information
Schedules of Revenues, Expenditures and Changes in Fund Balance
Budget and Actual (Non-GMP Basis)
General Fund
Employee Benefit Fund
Flood and Drainage Improvement Fund
Tourism and Convention Fund
Special Gas Fund
Bicentennial Center Fund
49 - 51
52 - 53
54
55
56
57
Combining Statements and Individual Fund Schedules
Combining Statements - Nonmajor Funds
Fund Descriptions
Combining Balance Sheet - Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures and Changes in
Fund Balances - Nonmajor Governmental Funds
Combining Balance Sheet - Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in
Fund Balances - Nonmajor Special Revenue Funds
Combining Balance Sheet - Nonmajor Permanent Funds
Combining Statement of Revenues, Expenditures and Changes in
Fund Balances - Nonmajor Permanent Funds
58 - 59
60
61
62 - 63
64 - 65
66
67
Individual Fund Schedules of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual (Non-GMP Basis):
Business Improvement District Fund
Neighborhood Park Fund
Special Parks and Recreation Fund
Special Alcohol Fund
Fair Housing Fund
Debt Service Fund
Solid Waste Disposal Fund
Water and Sewer Fund
Sanitation Fund
Golf Course Division Fund
Risk Management Fund
Workers' Compensation Fund
Health Insurance Fund
Central Garage Fund
Computer Technology Fund
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
CITY OF SALINA, KANSAS
Comprehensive Annual Financial Report
For the year ended December 31, 2004
TABLE OF CONTENTS - CON1-INUED
FINANCIAL SECTION - CONTINUED
Internal Service Fund Descriptions
Combining Statement of Net Assets - Internal Service Funds
Combining Statement of Revenues, Expenses, and Changes in Net
Assets - Internal Service Funds
Combining Statement of Cash Flows - Internal Service Funds
Fiduciary Fund Descriptions - Agency Funds
Combining Balance Sheet - Agency Funds
Combining Statement of Changes in Assets and Liabilities - Agency Funds
STATISTICAL SEC-rION
General Governmental Expenditures by Function - Last Ten Years
General Governmental Revenues by Source - Last Ten Years
General Governmental Tax Revenues by Source - Last Ten Years
Property Tax Levies and Collections - Last Ten Years
Assessed and Estimated Actual Value of Property - Last Ten Years
Principal Taxpayers
Property Tax Rates - Direct and Overlapping Governments
Special Assessments Billings and Collections
Computation of Legal Debt Margin
Ratio of Net General Obligation Bonded Debt to
Assessed Value and Net General Obligation
Bonded Debt Per Capita
Table
2
3
4
5
6
7
8
9
10
Pace
83
84
85
86 - 87
88
89
90
91
92
93
94
95
96
97
98
99
100
CITY OF SALINA, KANSAS
Comprehensive Annual Financial Report
For the year ended December 31, 2004
TABLE OF CONTENTS - CON1-INUED
STATISTICAL SECTION - CONTINUED
Ratio of Annual Debt Service Expenditures for
General Obligation Bonded Debt to Total General
Governmental Expenditures
Computation of Direct and Overlapping Debt
Revenue Bond Coverage - Water and Sewer Fund
Property Value and Construction
Demographic Analysis
Enterprise Fund Operating Position History
Table PaQe
11
101
12
102
13
103
14
104
15
105
16
106
INTRODUCTORY SECTION
This page intentionally left blank.
DEPARTMENT OF FINANCE
AND ADMINIS-rRATION
Rodney Franz, Director
300 West Ash, P.O. Box 736
Salina, Kansas 67402-0736
City of
~
Salina
TELEPHONE (785) 309-5735
FAX (785) 309-5738
TDD (785) 309-5747
E-MAIL rod.franz@salina.org
Website: www.cLsalina.ks.us
August25,2005
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 31,2004, is hereby submitted. The City's Finance Department prepared the report. 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
-rhe 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. -rhe City's organizational chart is also included to assist the reader in understanding the
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.
-rhe 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 and Financial Policies are reviewed by the City
Commission and updated 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.
-rhe objective of buqgetary 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 31,2004 in the general fund and the special revenue funds. Various internal compliance
procedures are implemented to insure proper implementation of the budget as well as to maintain a degree of
accountability for both revenues and expenditures.
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 act as Mayor. -rhe City Manager is appointed by the Commission, and acts as it's primary agent in
accordance with state statute. Other city officers and employees are appointed by the City Manager. The current
population of the City is 45,969.
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. In
addition, the City of Salina participates in two joint ventures with Saline County, the Salina - Saline County Board
of Health and the City-County Building Authority. 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 events;
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 Raytheon Aircraft, Pepsi-cola, Exide Battery, Philips Lighting, EIDorado
Bus and lock/line. Currently 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",
ranking 5th (pull factor = 1.53). 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 more retail trade
from outside the city/county than it is losing to other counties. It is apparent from this that Salina continues to
serve as a regional economic hub in 2004. In addition, Saline County continues to rank third in the State
Economic Strength index, as outlined by Kansas State University research and extension. -rhe index measures
economic prosperity. using wealth, personal income, and employment.
2004 represented a time of continuing economic challenges for the community and the nation. Growth in the
building industry continued, but at a reduced pace. Value of permits issued fell from $46 million to $41, million,
while new commercial permit value increased from $19 million to $22 million. However, these are still both well
within historical ranges. The unemployment rate for the City increased to 4.80/0 at the close of 2004, considerably
below statewide and national rates.
11
The growth activity in the local housing industry continued in 2004. The strong local economy and lower interest
rates contributed to this demand. Eighty-three (83) new single-family homes were started in 2004. This is just
slightly below the average of the previous 9 years.
In addition to single family homes, one significant (48 total living units) multi-family housing complexes were
permitted in 2004.
Major Initiatives
The Salina community initiated a major improvement to the educational system in November 1999, when the
voters approved a $98,000,000 bond issue to be used for school expansion and construction. Also approved in
the same election was an additional X. cent City sales tax to be used for instructional technology and career
educational equipment. Bond issue proceeds have been used to construct a new middle school (now complete),
replacing a structure built in 1912. In addition, expansions and improvements are completed or substantially
underway at both high schools, at South Middle School, and at the Elementary Schools. The tax for this purpose
is scheduled to sunset June 30, 2004. From project inception through June 30, 2004, the City has transferred a
total of $ 11,563,268 in sales tax proceeds to U.S.D. 305 for use in the technology project.
In March, 2004, voters elected to extend the X. cent tax until June 30,2010. Eighty-five percent (850;0) of the tax
is to be used for capital improvements, tax stabilization, and human services. The remaining 150/0 is to be used
for economic development programs.
A $4.5 million project to construct an interchange at Waterwell Road and 1-135 has been completed by the State
of Kansas. This is a cooperative City-County-State Project, with the City of Salina share projected at $950,000.
Saline County will contribute $365,000, with the State of Kansas picking up the balance of the project as part of a
major economic development program. -rhis interchange provides direct service to the South Ninth Street
Industrial Area as well as the Airport Industrial Center.
In 2001, the City progressed towards another major transportation objective with the announcement of a grant to
construct a railroad overpass on North Ohio Street, a major arterial and entryway to the city. The State of Kansas
will contribute $12,000,000 towards the $20,000,000 project, with the City of Salina and the railroad paying the
remaining portion. The project will eliminate four tracks and bridge six additional tracks, providing significant
traffic safety enhancements as well as improving access to the City from Interstate 70. During 2004 progress
continued on the project, including acquisition of the required additional property. This phase of the project was
nearly complete at the close of 2004, with project bid letting scheduled for mid-2005. ~rhe project is due to be
completed in late 2007.
Major improvements to the Water Treatment Plant were initiated in 1998 to increase treatment capability and
efficiency, and to address a groundwater contamination issue in Central Salina. This groundwater redemption
project brought the City into full completion of a state compliance agreement, eliminating any economic impacts
related to groundwater issues. Cost for the plant improvements was $5,500,000. Approximately $1,800,000 in
grant funds from the State of Kansas assisted in construction. The balance of the cost is financed by a 20-year
low interest loan from the State of Kansas. A second phase of the project has been initiated, at an additional
estimated cost of $4,000,000, also financed by a 20 year loan. This phase of the project will replace and expand
the clarifiers, provide a new lab facility, as well as an administration building. This project was completed in 2004.
Solid Waste disposal is becoming a stable operation, with 80,000 to 90,000 tons being disposed of each year.
The community remains committed to recycling and resource conservation, with several initiatives that began in
1997, including a yard waste recycling and composting program in addition to continuing a mulching mower
rebate program. -rhe community currently has about 4,700 yard carts placed to encourage recycling of yard
waste as an alternative to disposal. A Pilot residential recycling program was continued in 2004. This program
involves 968 households, and will continue until June, 2005, at which time results will be evaluated and a
decision made as to the expansion of the program to the rest of the community.
Capital Improvement Planning
-rhe City's Capital Improvement Plan (CIP) consists of two components. One component consists of Uroutine"
capital-including vehicle and equipment replacement, technology replacement, building repair and improvement,
routine pavement maintenance activity, utility system enhancements and similar items. The amount offunding for
iii
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.
Construction Initiated*: 2006 2007 2008 2009 2010
Routine Capital (All Funds) $ 3.4001000 $ 3,400,000 $ 5,000,000 $ 4.000,000 $ 4,000,000
Major Projects:
General Fund
Sales Tax* $ 122,500 $ 500,000 $ 415,000 $ 415,000
Flood and Drainage Fund $ 200,000 $ 200,000 $ 200.000 $ 200,000 $ 200,000
Special Park Fund $ 120,000 $ 120,000 $ 120.000 $ 120,000 $ 120,000
Gas Tax Fund
Solid Waste Fund
Water & Wastewater Fund $ 1,873,350
General Obligation Bonds $ 2,100,000 $ 2,000,000 $ 2,000,000 $ 3,000.000 $ 1.000,000
Revenue Bonds $
Other Sources $ 1,500.000
Total $ 9,315.850 $ 6,220,000 $ 7,735,000 $ 7,735,000 $ 5.320,000
*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. Insure the safety of cash and near cash resources (timely collection of Accounts Receivable, etc.).
Awards
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of
Achievement for Excellence in Financial Reporting to the City of Salina for its Comprehensive Annual Financial
Report (CAFR) for the fiscal year ended December 31,2003. The Certificate of Achievement is a prestigious
national award recognizing conformance with the highest standards for preparation of state and local government
financial reports.
In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and
efficiently organized comprehensive annual financial report, whose contents conform to program standards. The
CAFR must satisfy both generally accepted accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for one year only. We believe our current report continues to conform to
Certificate of Achievement program requirements, and we are submitting it to GFOA.
iv
Acknowledgments
.rhe preparation of the Comprehensive Annual Financial Report was made possible by the dedicated,
professional advice and effort of the Lowenthal, Singleton, Webb, and Wilson auditing team. A special thank
you needs to be given to Valerie Gebhardt, City Accountant, who is responsible for much of the data assembly
and reconciliation, and to Penny Day, Account Clerk III, who has been largely responsible for document assembly
and production. Finally, preparation of this report would not have been possible without the support of the City
Commission.
Sincerely,
Jason A. Gage
e7
~Q . L14J1!-
?/
City Manager
v
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Salina,
Kansas
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 2003
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAFRs) achieve the highest
standards in government accounting
and financial reporting.
~~x~
President
~/~
Executive Director
( City of Salina]
II
CITIZENS
II
CITY COMMISSION
Deborah P. Diville, Mayor
Alall E. Jilka
Donnie D. Marrs
R. Abner Perlley
Johll K. Vanier II
Development Services
Coordination
Building Services
Deputy City Manager
Position Vacant
Planning & Development
Dean Andrew
Assistant City Manager
Deborah Demel
Municipal Court
Administration
City Prosecutor
Jennifer WJ'att
General Services
Streets
Flood Works
Traffic Control
Central Garage
Sanitation
Landfill
Operations
Food & Beverage
Business/Ticket Office
Municipal Court Judge
Brenda Stoss
City Attorney
Greg Bengtson *
Human Resources
Admin istration
Computer Technology
Jack Rolfs
Human Relations
Kaye Crawford
Risk Management
Engineering
Design/I nspecti on
Traffic
Fire Suppression
EMS
Codes/Inspection
Public Education
Utilities
Water Treatment & Dist.
Wastewater Collect./Treat.
City Clerk
Accounting
Utility Accounting
Treasurer
Museum
Arts Education
Arts Services
River Festival
Horizons Grants Program
Community Art & Design
vii
il Contract Position
Patrol
Investigations
9 I I /Commun ications
Internal Affairs
Swimming Pools
Golf Course
Neighborhood Centers
Parks
Recreation
Forestry
Cemetery
Building Maintenance
City of Salina, Kansas
List of Principal Officials
City Commission
Deborah P. Divine, Mayor
Donnie D. Marrs, Vice Mayor
Alan E. Jilka, Commissioner
R. Abner Perney, Commissioner
John K. Vanier, II Commissioner
City Staff
Jason A. Gage, City Manager
Deborah Demel, Assistant City Manager
Rodney Franz, Director of Finance and Administration
Jim Hill, Chief of Police
Darrell Easton, Fire Chief
Shawn O'Leary, Director of Public Works
Keith Rawlings, Bicentennial Center Manager
Steve Snyder, Parks and Recreation Director
Dean Andrew, Planning and Community Development Director
John Highkin, Director of Arts and Humanities
Kaye Crawford, Human Relations Director
Jack Rolfs, Director of Computer Technology
Greg Bengston, City Attorney
viii
FINANCIAL SECTION
CERTIFIED PUBLIC ACCOUNTANTS
David A. Lowenthal~ CPA
Thomas E. Singleton, CPA
Patricia L. W ebb~ CPA
Thomas G. Wilson, CPA
Audrey M. Odennann, CPA
LOWENTIIAL SINGLETON WEBB & WILSON
PROFESSIONAL ASSOCIATION
900 Massachusetts, Suite 301
Lawrence, Kansas 66044-2868
Phone: (785) 749-5050
Fax: (785) 749-5061
E-mail: Iswwcpa@lswwcpa.com
Abram M. Chrislip, CPA
Leanne E. Miller, CPA
Members of American Institute
and Kansas Society of
Certified Public Accountants
INDEPENDENT AUDITOR'S REPORT
ON THE BASIC FINANCIAL STATEMENTS
Mayor and City Commissioners
City of Salina, Kansas
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, 2004, which collectively
comprise the City's basic financial statements as listed in the table of contents. These financial statements are the
responsibility of the City's management. Our responsibility is to express opinions on these financial statements
based on our audit. We did not audit the financial statements of the Salina Airport Authority which statements reflect
total assets of $33,059,951 as of December 31, 2004 and total revenues of $4,864,990 for the year then ended, and
the Housing Authority of the City of Salina which statements reflect total assets of $7,310,387 as of June 30, 2004
and total revenues of $2,129,056 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.
We conducted our audit in accordance with auditing standards generally accepted in the United States of America
and the uKansas Municipal Audit Guide." Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. An audit includes
consideration of internal control over financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City's
internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on
a test basis, evidence supporting the amounts and disclosures in the basic financial statements. An audit also
includes assessing the accounting principles used and significant estimates made by management, as well as
evaluating the overall basic financial statement presentation. We believe that our audit provides a reasonable basis
for our opinion.
In our opinion, based on our audit and the report 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, at December 31, 2004, and the respective changes in financial
position and cash flows, where applicable, thereof for the year then ended in conformity with accounting principles
generally accepted in the United States of America.
The management's discussion and analysis on pages 3 through 14 are not a required part of the basic financial
statements but are supplementary information required by accounting principles generally accepted in the United
States of America. We have applied certain limited procedures, which consisted principally of inquiries of
management regarding the methods of measurement and presentation of the required supplementary information.
However, we did not audit the information and express no opinion on it.
1
Our audit was made for the purpose of forming opinions on the financial statements that collectively comprise the
City's basic financial statements. The introductory section, combining and individual nonmajor fund financial
statements, 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 combining and individual non major fund financial
statements have been subjected to the auditing procedures applied in our audit of the basic financial statements
and, in our opinion, is fairly stated, in all material respects, in relation to the basic financial statements taken as a
whole. We did not audit the data included in the introductory and statistical sections of this report and therefore, we
express no opinion thereon.
d~/..k~J ~f4.~
Professional Association
May 11, 2005
2
This page intentionally left blank.
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 311 2004. 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
. Net Assets increased by $511271095. Of this amountl $41119,914 was attributable to Governmental Activities
and $11008,181 was attributable to Business-Type activities.
. A significant portion of the City's outstanding General Obligation Debt was re-financed.
. A significant capital project, the $20,000,000 North Ohio Grade Separation proceeded through the land
acquisition phase.
. Completed and financed closure on two solid waste landfill cells, and opened a third at a cost of $2,735,000
. Completed and financed a $51000,000 Water plant improvement project.
. On the whole, fund balances maintained at a relatively stable level.
. The voters approved the extension of a .250/0 sales tax for 6 years, purposed for Capital Investment, Tax
Stabilization, Economic Development and Human Services.
The Basic Financial Statements
-rhe 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
-rhe Statement of Net Assets reports all of the City's assets and liabilities. Net assets, the difference between assets
and liabilitiesl are an important measure of the City's overall financial health. Net assets represent the total
accumulated and unused resources available to the City for the purpose of providing services. Over time, the
increases and decreases in net assets can be monitored to determine if the City's financial position is improving or
deteriorating.
The Statement of Activities shows how the net assets have 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 (Policel Fire, and EMS)I
Public Works, 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.
-rhe government-wide financial statements include the Salina Airport Authority and Salina Housing Authority as
discretely presented component units of the City. Note 1, item A in the Notes to the Financial Statements provide a
more complete explanation of the relationship between these entities and the City of Salina.
Fund Financial Statements
-rhe 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
3
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 nOther 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 Collection, 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 five internal service funds. Three of these are for self-
insurance activity: Risk Management, Workers Compensation Reserve, and Health Insurance. The remaining two
account for our Information Services activity and 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 are no net assets. The City of
Salina operates seven 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
-rhe 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.
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
-rhis 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 it's operations. Each of these revenue
streams has a different revenue base. In declining order of magnitude, they are charges for service, sales taxes, and
property taxes. Sales taxes and property taxes apply primarily to Governmental Activities, while charges for services
apply to both Governmental (340/0) and Business-type (660/0) activities.
Charaes for Services account for about 490/0 ($26,398,891) of the City's revenue stream. Charges for Service
depend on both the rate that is set for the activity, as well as the volume of services provided. The following table
4
illustrates service volume and rate adjustments for some of the more significant services for the year ending
December 31,2004.
Description
Monthly Ave Water Accounts Billed
Water Metered (In Billion Gallons)
Sanitation Customers
Golf Rounds (18 Hole)
Golf Rounds (Par 3)
Golf Annual Memberships
Solid Waste Tonnage
Building Permits Issued
Building Permit Value ($ Millions)
2003
Volume
19,366
2.101
13,954
38,485
5,823
293
88,393
678
$ 46 $
2004
Volume
19,368
2.01
14,103
40,406
5,279
314
90,069
656
42 $
Change Rate Comments
2 Water Rates Increased 2.50/0
-0.091 Wastewater Increased by 5.80/0
149 Sanitation Rates increased by 5.50/0
1,921
(544) No Change in Golf Rates
21
1,676 No Change in Solid Waste raates
(22) No Change in fees.
(4)
The number of Water accounts billed remained relatively stable, however the amount of water metered (sold)
declined by 4.30/0. -rhe number of sanitation customers increased by about 10/0. Golf activity shows an increase (30/0)
in rounds, as well as an increase (7.10/0) in annual memberships. Solid Waste tonnage showed a slight increase.
Building permit activity declined slightly.
Sales taxes are the next largest com ponent of the revenue m ix, providing 220/0 ($12,764,788) of the total revenues.
The City receives a .750/0 City-wide sales tax, and also a portion of the County-wide 1 % sales tax. One-third (.250/0)
of the City-wide sales tax is required to be used for special purposes. The remaining .50/0 along with the City portion
of the Countywide tax is available for general purposes. Total revenue from the sales tax in 2004 was $12,764,788,
up from $12,026,714 in 2003. This represents an apparent increase of6.10/0. However, this is misleading, as
detailed in the discussion below.
A number of factors affected the sales tax in 2004. First are the regional and local economic conditions and
relationships.
Second, effective July 1,2003 legislation extended the compensating use tax to local governments. Local
governments began receiving this tax in October, 2003. The use tax is a component of the sales tax that applies to
purchases made from out-of-state retailers. This expansion of the Sales Tax base resulted in $381,731 of the
$738,074 in total sales tax growth. The ureal" growth in the sales tax, adjusted for additional tax base was thus only
$356,343 or 30/0 over 2003. However, the expansion of the use tax is a continuing structural change in the tax base
for the City of Salina
Finally, the City was adversely 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). -rhe
formula is based, in part, on the property tax efforts of each jurisdiction. Because the portion of the overlapping levy
attributable to the City of Salina was reduced for 2004, the City's allocated portion of the County-wide sales tax was
reduced from 63.20/0 in 2003 to 62.20/0 in 2004. This is equivalent to a reduction of approximately $96.000 from 2003
to 2004.
-rhe .250/0 sales tax dedicated to education technology expired (sunset) June 30, 2004. On March 16,2004, Salina
voters approved the extension of the .250/0 tax purposed for Capital Investment, Economic Development, Human
Services, and Tax Stabilization. The extended tax is to sunset June 30, 2010. The tax will produce, at 2004 levels,
about $2,000,000 per year.
Property Taxes are the third major component of the revenue mix, accounting for 150/0 ($8,961,728) 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 and personal property assessed value grew by 3.60/0. The total City mill levy was reduced by .30/0., while
the overlapping levy was increased by 1.50/0. Tax delinquency decreased slightly.
Motor Vehicle value increased by $2,007,829 (4.30/0), while the rate applied for motor vehicles increased by 10.129
mills (12.50/0). Motor vehicle taxes are distributed based on a formula using prior years tax effort (similar to the
Countywide Sales Tax Distribution).
5
-rhe following table summarizes the comparative property assessed values and tax levy rates:
Fiscal (Budget) Year 2003 2004 Change
Real Estate and Personal Property
Assessed Valuation 317,134,605 328,593,726 11,459.121
City M ill Levy ($ per $1,000)
Operating (General Fund, Employee
Benefits, Flood and Drainage Fund) 18.581 20.017 1 .436
Debt Service Millage 5.511 3.996 (1.515)
Total City Levy Rate 24.092 24.013 (0.079)
Total Overlapping Levy 116.817 118.574 1 .757
Percent of Current Taxes Collected 97.10/0 97.30/0 0.002
Ratio of Total Taxes (including delinquent
tax collections) to Taxes Levied 99.40/0 100.20/0 0.008
Motor Vehicle Valuation 46,679,292 48,687,121 2.007,829
Co un ty W id eAve ra g eVe h ic Ie T a x Rate ($
per$1,000) 80.82 90.949 10.129
The unemployment rate in Saline County increased slightly from 4.00/0 in 2003 to 4.80/0 in 2004, reflecting general
economic conditions. This is still below the statewide and national unemployment rate. The total labor force
remained stable at 30,800.
In 2004, the top ten property taxpayers accounted for 9.460/0 of total assessed value. This is less concentrated than
last year (at 11.30/0).
Statement of Net Assets
Net assets may, over time, provide an indicator of a government's financial position. In the case of the City of Salina,
assets exceeded liabilities by $151,123,897 at December 31, 2004. This represents an increase in net assets of
$7,177,368 over 2003. A condensed version of the Statement of Net Assets at December 31, 2004 follows:
The largest segment of the
Comparative Condensed Statement of Net Assets, 2003 and 2004 City's net assets (870/0)
(In $000) reflects its investment in
2004 2003 capital assets (land, buildings,
Business Total Total streets and drainage facilities,
Governmental Type Primary Primary utility plant, vehicles,
Activities Activities Government 0/0 Government 0/0 equipment, etc.), less any
Cash and Investments $ 14,342 $ 11 ,537 $ 25,879 130/0 $ 27,225 140/0 debt used to acquire those
Other Current Assets $ 2,543 $ 2,794 $ 5,338 30/0 $ 4,405 20/0 assets that is still outstanding.
Noncurrent (Capital) Assets $ 114,716 $ 59,352 $ 174,068 850/0 $ 166,025 840/0 -rhese assets are used to
Total Assets $ 131,601 $ 73,685 $ 205,286 1 000/0 $ 197,655 1 000/0 provide services to citizens.
As a result, resources
Current Liabilities $ 9,726 $ 3,057 $ 12,783 240/0 $ 6,355 120/0 required to retire related debt
Long- Term Liabilities $ 20,554 $ 20,825 $ 41 ,379 760/0 $ 47,354 880/0 can not come from liquidation
Total Liabilities $ 30,280 $ 23,882 $ 54,162 1 000/0 $ 53,708 1 000/0 of the asset. Such resources
Net Assets: generally must be provided
Invested in capital assets, net of from other sources, such as
related debt $ 92,948 $ 38,560 $ 131,507 870/0 $ 116,377 810/0 future taxes or user charges.
Restricted for Debt Service $ 1,317 $ 1,406 $ 2,723 20/0 $ 1,584 10/0
Un res tricted $ 7,057 $ 9,837 $ 16,894 110/0 $ 25,985 180/0 A small portion of net assets
Total Net Assets $ 1 01 ,321 $ 49,803 $ 151,124 1 000/0 $ 143,946 1 000/0
Percent of Total Assets 670/0 330/0 1000/0 1 ooo~ (20/0) is restricted for debt
Quick Ratio 1.47 3.77 2.02 4.28 service. The remainder of net
assets (11 0/0) may be used to
meet the City's obligations to citizens and creditors.
In 2004, the amount invested in capital assets net of related debt increased substantially, while unrestricted net
assets declined. This represents two trends: investment of current resources in capital assets, and payout of
existing debt.
6
Liabilities remained relatively stable overall, but there was a shift from long term to current liabilities. This reflects the
reclassification of temporary notes, due 8/01/2005, as current liabilities. These notes will be retired from the
proceeds of long term bonds at that time. Assets increased slightly (by about $7,631,000 or 4.60;0). This increase is
nearly all attributable to the increase in capital assets, with cash and current assets remaining stable.
The quick ratio indicates that the City has enough liquidity to retire current liabilities approximately 2 times.
During the year ended December 31, 2004, there were several significant events that changed the balance of net
assets.
Governmental Activities. During 2004, the City of Salina engaged in significant land acquisition activity prepatory to
the North Ohio Grade separation project. This $20,000,000 project is scheduled to bid in mid 2005. Sources of
funding include a significant ($12,000,000) grant from the State of Kansas, and contributions from the Union Pacific
Railroad. Total City costs are estimated to be on the order of $5,000,000, however, the City must Ufront" the money
for project design and land acquisition activities. Under the terms of the grant, these will be partially reimbursed at a
later date.
The City also issued $5,585,000 in refunding bonds, refinancing all or portions of Internal Improvement Bonds issued
in 1996, 1997, 1998, 1999, 2000, 2001, and 2002, realizing some long term savings as a result of the current
economic climate.
Business-type Activities: Likewise, Business Type activities saw the completion of several capital improvement
projects, including a $5,000,000 expansion of the Water treatment plant. The Solid Waste operation opened a new
landfill cell, and completed the closure on two cells.
Statement of Activities
A condensed statement of activities is shown below.
Business- Total
Governmental Type Total Primary Primary
Activities Activities Government 0/0 Government 0/0
Program Revenues:
Charges for Services $ 8,943 $ 17 A56 $ 26,399 44 0.10 $ 26,044 470/0
Operating Grants and Contributions $ 3,197 $ 368 $ 3,565 60/0 $ 2,751 50/0
Capital Grants and Contributions $ 2,480 $ $ 2,480 40/0 $
General Revenues: 0%) 00/0
Property Taxes $ 8,962 $ $ 8,962 150.10 $ 8,803 160/0
Sales Taxes $ 12,765 $ $ 12,765 21 0.10 $ 12,026 220/0
Other Taxes $ 3,426 $ $ 3,426 60k $ 3,345 60/0
I nvestment Revenue $ 390 $ 222 $ 612 10/0 $ 432 10/0
Other Miscellaneous $ 1,084 $ 93 $ 1,177 20/0 $ 1,607 30/0
Transfers (net) $ 24 $ (24) $ OOk $ 00/0
Total Revenues: $ 41,271 $ 18,115 $ 59,386 1 000.10 $ 55,008 1000/0
Expenses:
General Government $ 4,931 $ 4,931 90k $ 6,767 120/0
Public Safety $ 13,548 $ 13,548 250k $ 12,636 230/0
Public Works $ 7,958 $ 7,958 150k $ 7,896 140/0
Public Health and Sanitation $ 1,016 $ 1,016 20k $ 906 20/0
Culture and Recreation $ 4,784 $ 4,784 90k $ 4,657 80/0
Planning and Development $ 4,130 $ 4,130 80k $ 4,507 80/0
Solid Waste Disposal $ 2,818 $ 2,818 50k $ 2,367 40/0
Water and Sewer $ 11,552 $ 11 ,552 21 ok $ 11,572 210/0
Sanitation $ 1,920 $ 1,920 40k $ 1,682 30/0
Golf Course $ 817 $ 817 20k $ 786 10/0
Interest on Long Term Debt $ 786 $ $ 786 10k $ 1,085 20/0
Total Expenses $ 37,153 $ 17,107 $ 54,260 1 DOok $ 54,861 1 000/0
Increase in Net ~sets $ 4,119 $ 1,008 $ 5,127 $ 147
Net ~sets, January 1 $ 95,838 $ 48,308 $ 143,949 $ 142,229
Prior Period Adjustment $ 1,584 $ 486 $ 2,050 $ (2,319)
Net ~sets, January 1, restated $ 97,202 $ 48,784 $ 145,997 $ 142,910
Net ~sets December 31 $ 101,321 $ 48,803 $ 151,124 $ 143,913
7
Governmental Activities. Total expenses for Governmental Activities for the year ending December 31, 2004 were
$37,152,433 compared to $38,454,509 in 2003. Governmental activities represent 680/0 of the City's total expenses.
The largest element of Governmental Activity expense was Public Safety, at 250k of the City total, followed by Public
Works at 140/0 of the total.
Charges for service attributable to Governmental Activities totaled $8,943,073 and operating grants for those
purposes were $3,197,048. Capital grants and contributions totaled $2,480,451, and were primarily related to the
construction of the North Ohio Street grade separation. The balance of $26,650,775 was funded by general
revenues. Sales taxes accounted for $12,764,788 of the general revenues, with property taxes providing
$8,961,728. Net assets increased by $4,118,914 as a result of Governmental Activities.
Business Tvpe Activities. Total expenses for Business-type Activities for the year were $17,107,394, or 320k of the
City's total expense. The majority of this expense ($11,552,362) is attributable to Water and Sewer operations, with
the other activities (Solid Waste Disposal, Sanitation, and Golf Course) costing a combined total of $5,555,032.
These activities are primarily supported by user charges, with only $291,383 coming from general revenues,
representing largely the interest earned on fund balances held by the City. Net assets increased by $1,008,181 as a
result of Business-type Activity operations.
Fund Financial Analysis
Governmental Funds
Fund Balances:
~rhe table below shows the Governmental Fund balances for major funds for the years ended December 31, 2003
and December 31, 2004.
Fund 2004 2003 Change
General $ 7,311.303 $ 6,775.543 $ 535,760
Employee Benefits $ 612,266 $ 364,888 $ 247,378
Flood and Drainage $ 521.148 $ 372,333 $ 148,815
Tourism and Convention $ 267,200 $ 249,156 $ 18.044
Special Gas $ 1,382,177 $ 1,542,222 $ (160,045)
Bicentennial Center $ 256,903 $ 241 ,482 $ 15,421
Debt Service $ 1,317,062 $ 1,584,330 $ (267,268)
Capital Projects $ (6,477,626) $ (2, 183, 189) $ (4,294,437)
Other Governmental Funds $ 1,202,647 $ 1,193,481 $ 9,166
Total $ 6,393,080 $ 10,140,246 $ (3,747,166)
Total Governmental Fund balances decreased by $3,747,166. All of this decrease is attributable to the Capital
Projects funds. Approximately one-half of this change is attributable to the North Ohio Grade Separation project, with
the remainder being attributable to a variety of improvement projects. The deficit will be financed using grant and
bond proceeds. Governmental fund balances. net of Capital Projects increased by $547,271. ~rhe reductions in the
Special Gas and Debt Service funds were planned reductions.
The General Fund balance increased by $535,760. This is a result of a combination of factors, including some
growth in revenue (Sales Tax, Intergovernmental revenues) and control of expenditures, including a reduction in
Capital Outlay. The General Fund current balance (current revenues less current expenditures, before other sources
and uses) increased from a surplus of $8,697 in 2003 to $572,987 in 2004.
8
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, 2003 and 2004.
Fund 2004 2003 Change
Revenues (Including Other Financing Sources)
General $ 23,782.586 $ 22,848,559 $ 934,027
Employee Benefits $ 4,557,020 $ 3,675,967 $ 881 ,053
Flood and Drainage Improvement $ 371,570 $ 367,788 $ 3,782
Tourism and Convention $ 825,853 $ 820,512 $ 5,341
Special Gas $ 1,776,477 $ 1,579,637 $ 196,840
Bicentennial Center $ 1,326,152 $ 1 ,269,348 $ 56,804
Debt Service $ 8,429,798 $ 3,764,081 $ 4,665,717
Capital Projects $ 4,413,426 $ 9,483,879 $ (5,070,453)
Other Governmental Funds. $ 2,160,815 $ 1,481 ,055 $ 679,760
Total Revenues $ 47,643,697 $ 45,290,826 $ 2,352,871
Less Other Sources $ 7,773,367 $ 9,299,661 $ (1,526,294)
Revenues, net of other sources $ 39,870,330 $ 35,991,165 $ 3,879,165
Expenditures (Including Other Financing Uses)
General $ 23,246,826 $ 23,090,201 $ 156,625
Em ployee Benefits $ 4,309,642 $ 3,923,757 $ 385,885
Flood and Drainage Improvement $ 222,755 $ 244,119 $ (21,364)
Tourism and Convention $ 807,809 $ 775,000 $ 32,809
Special Gas $ 1 ,936,522 $ 1,310,097 $ 626,425
Bicentennial Center $ 1,310,731 $ 1,312,364 $ (1,633)
Debt Service $ 8,697,066 $ 3,179,781 $ 5,517,285
Capital Projects $ 8,707,863 $ 7,915,766 $ 792,097
Other Governmental Funds. $ 1,581,838 $ 1,429,018 $ 152,820
Total Expenditures $ 50,821,052 $ 43.180, 1 03 $ 7,640,949
Less Other Uses $ 6,476,060 $ 609,045 $ 5,867,015
Expenditures. net of other uses $ 44,344,992 $ 42,571,058 $ 1 ,773,934
Total revenues and other sources increased moderately from 2003 to 2004. However, if the changes related to bond
and note financing activity (other sources) is removed, the increase in revenues is about 9.7010. The majority of that
increase ($2,212,202) is in the Capital Projects funds. reflecting an increase in intergovernmental revenues, mostly
resulting from reimbursements on the North Ohio project. General Fund increases reflect changes in the Sales tax,
increases in charges for services. The increase in Employee Benefits revenues are changes in property taxes.
Total expenditures and other uses also show substantial changes resulting from financing activity. -rhe increase in
expenditures, net of those activities is $1,773,934. This increase reflects increases in the cost of Employee Health
Insurance, increased investment in street maintenance activity out of the Special Gas Tax Fund, and and increase in
the Capital Projects funds.
Proprietary Funds
The City of Salina operates four Enterprise Funds as well as five Internal Service Funds.
The Solid Waste Fund shows a significant shift from current liabilities to long term liabilities. This is the result of
financing tem porary notes outstanding for the purposes of landfill cell construction and closure to longer term bonds.
Total net assets decline slightly, as do unrestricted net assets.
The Water and Sewer fund shows a modest increase in total net assets. Unrestricted net assets decline slightly.
Current assets decline slightly, while fixed assets increase. Assets invested in Capital, net of related debt, also
increase. This pattern is the result of investment of current revenue flows in capital improvements.
9
The Sanitation fund shows a $98,138 decline in net assets, while the Golf course had no change.
A summarized comparative Statement of Net Assets follows for each Enterprise Fund:
Solid Waste Disposal Water and Sewer
2004 2003 Change 2004 2003 Change
Current Assets $ 3, 180 $ 3,263 $ (83) $ 10,405 $ 10,421 $ (16)
Fixed Assets $ 4,106 $ 3,885 $ 221 $ 54,275 $ 53,777 $ 498
Total Assets $ 7,287 $ 7,148 $ 139 $ 64,680 $ 64,198 $ 482
Current Liabilities $ 513 $ 2,722 $ (2.209) $ 2,444 $ 2,155 $ 289
Noncurrent Liabilities $ 4,270 $ 1,725 $ 2.545 $ 16,417 $ 18,013 $ (1,596)
Total Liabilities $ 4,784 $ 4,447 $ 337 $ 18,861 $ 20,168 $ (1,307)
Assets Invested in Capital, net
of related debt $ 1,273 $ 1,206 $ 67 $ 36,173 $ 34,456 $ 1,717
Restricted Net Assets $ 1,406 $ 1,111
Unrestricted Net Assets $ 1 ,230 $ 1 ,494 $ (264) $ 8,241 $ 8,462 $ (221 )
Total Net Assets $ 2,503 $ 2,701 $ ( 198) $ 45,820 $ 44,029 $ 1,791
Restatement $ 60 $ (60) $ 427 $ ( 427)
Total Net Assets, restated $ 2,503 $ 2,761 $ (258) $ 45,820 $ 44,456 $ 1 ,364
Current Ratio 6.2 1.2 4.3 4.8
Sanitation Golf Course
2004 2003 Change 2004 2003 Change
Current Assets $ 577 $ 707 $ ( 130) $ 170 $ 143 $ 27
Fixed Assets $ 456 $ 443 $ 13 $ 515 $ 554 $ (39)
Total Assets $ 1,033 $ 1,150 $ ( 117) $ 685 $ 697 $ (12)
Current Liabilities $ 53 $ 1 $ 52 $ 47 $ 22 $ 25
Noncurrent Liabilities $ 69 $ 140 $ (71 ) $ 69 $ 106 $ (37)
Total Liabilities $ 122 $ 141 $ (19) $ 116 $ 128 $ (12)
Assets Invested in Capital, net
of related debt $ 405 $ 443 $ (38) $ 441 $ 494 $ (53)
Restricted Net Assets
Unrestricted Net Assets $ 507 $ 567 $ (60) $ 128 $ 76 $ 52
Total Net Assets $ 911 $ 1,009 $ (98) $ 569 $ 569 $ -
Restatement $ (1) $ 1
Total Net Assets, Restated 911 $ 1,008 $ (97) $ 5691 $ 569 $ -
Current Ratio 10.9 707.0 3.6 6.5
Summary Statement of Net Assets
(in $OOO's)
Revenues, Expenses. and Changes in Net Assets
A summary table of revenues, expenses and net assets is shown below. The Solid Waste and Sanitation Fund had
a reduction in net assets for the year, while the Golf Course showed no change. The Water and Sewer Fund had a
increase in net assets.
10
Solid Waste Fund net assets declined by $257,391. The cause for this was a significant increase ($540,634) in
depreciation expense associated with closing two completed cells and opening a new cell for use. Other operating
expenses in the Slid Waste fund actually declined slightly.
In the Sanitation Fund, the reduction of net assets was attributable to an increase in other operating expenses
($224,512). Charges for services did increase (19,998), but not to the same degree as operating expense. During
2004, the City had implemented a pilot recycling program, designed to assess the demand for curbside recycling and
methods of providing that service. The pilot project was done at no charge to the participants. The estimated
operating cost of the pilot program was about $60,000 for 2004. This accounts for the majority of the reduction in net
assets. In a subsequent event, the City has established a charge structure for the recycling program designed to
recover the operating costs.
Summary of Revenues, Expenses and Changes in Net Assets
(In $OOO's)
Solid Waste Disposal Water and Sewer
2004 2003 Change 2004 2003 Change
Operating Revenues $ 2,489 $ 2,402 $ 87 $ 12,432 $ 12,217 $ 215
Operating Expenses $ 2,727 $ 2,255 $ 472 $ 10,654 $ 10,683 $ (29)
Operating Income $ (238) $ 147 $ (385) $ 1,778 $ 1,534 $ 244
Non-operating revenues (expenses) $ (19) $ (63) $ 44 $ (760) $ (843) $ 83
Income (Loss) before Transfers $ (257) $ (83) $ (174) $ 1,019 $ 691 $ 328
Transfers in (out) $ (24) $ (40)
Capital Contributions $ 368
Change in Net Assets $ (257) $ (83) $ (174) $ 1,363 $ 651 $ 712
Net Assets, January 1 $ 2,701 $ 5,425 $ (2,724) $ 44,029 $ 41,271 $ 2,758
Restatement $ 60 $ (2,807) $ 2,867 $ 427 $ 2,107 $ ( 1,680)
Net Assets, January 1, restated $ 2,761 $ 2,618 $ 143 $ 44,456 $ 43,378 $ 1,078
Net Assets, December 31 $ 2,503 $ 2,701 $ ( 198) $ 45,820 $ 44,029 $ 1,791
Sanitation Golf Course
2004 2003 Change 2004 2003 Change
Operating Revenues $ 1,814 $ 1,795 $ 19 $ 814 $ 811 $ 3
Operating Expenses $ 1,908 $ 1,682 $ 226 $ 815 $ 783 $ 32
Operating Income $ (94) $ 113 $ (207) $ (2) $ 28 $ (30)
Non-operating revenues (expenses) $ (4) $ 6 $ (10) $ $ (3) $ 4
Income (Loss) before Transfers $ (97) $ 119 $ (216) $ (1 ) $ 25 $ (26)
Transfers in (out) $ (40)
Change in Net Assets $ (97) $ 119 $ (216) $ (1 ) $ (14) $ 13
Net Assets, January 1 $ 1,009 $ 895 $ 114 $ 569 $ 1,176 $ (607)
Restatement $ (1 ) $ (4) $ 3 $ (593) $ 593
Net Assets, January 1, restated $ 1,008 $ 891 $ 117 $ 569 $ 584 $ (15)
Net Assets, December 31 $ 911 $ 1,009 $ (98) $ 568 $ 569 $ (1 )
The Internal Service funds experienced a reduction in net assets of $167,934. In the case of the Risk Management,
Workers Compensation Reserve, this was the result of experience somewhat more adverse than had been the case
in prior years. The Health Insurance Fund improved its position from a deficit net assets (-$133,808) in 2003 to a
positive balance ($392,584) in 2004. Internal rates have been adjusted to correct the operating deficits
11
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 31,2004. 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.
-rhe City experienced a number of significant variances from budgeted items in the General Fund. Most notably,
general sales taxes exceeded budget by $269,852. As noted earlier, this was due to changes in the Compensating
Use tax. Public Safety revenues exceeded the budget by $124,000. This was due to a combination of Court fines
and EMS fees. Overall revenues in the General Fund exceeded budgeted amounts by $466,814. Total expenditures
were well within budget. Budgetary basis year end cash balances exceeded original budget by $840,725.
Capital Assets and Debt Administration
Capital Assets
The total amount invested in Capital Assets for the City at December 31,2003 was $166,024,700, net of
accumulated depreciation.
The following table illustrates the Capital Asset balance by various classes of assets at December 31,2004:
Capital Asset Balances, 12/31/2004 and 12/31/2003
(In OOO's)
2004 2003
Governmental Business-type
Activity Activity Total Total
Equipment, Furniture and Fixtures $ 1,388 $ 1,677 $ 3,065 $ 3,313
Vehicles $ 1,795 $ 635 $ 2,430 $ 2,357
Buildings and Improvements $ 11,351 $ 14,953 $ 26,304 $ 25,918
Land $ 13,823 $ 914 $ 14,737 $ 12,683
I nfrastructu re $ 76,392 $ 41,114 $ 117,506 $ 108,024
Construction in Progress $ 9,967 $ 61 $ 10,028 $ 13,728
Total $ 114,716 $ 59,354 $ 174,070 $ 166,025
* Net of Accumulated Depreciation
Changes to capital assets may be summarized as follows:
Changes to Capital Assets, 2004
(in OOO's)
Governmental Business-Type
Activity Activity Total
Additions $ 101162 $ 10,982 $ 21, 144
Retirements $ (4,103) $ (10,266) $ (14,369)
Adjustm ents $ 1,291 $ (22) $ 1,269
Net Additions $ 7,350 $ 694 $ 8,044
Depreciation Expense Applied $ 4,173 $ 2,526 $ 6,699
12
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 at 12/31/2004 totaled $26,927,565. Temporary notes outstanding total
$5,615,000. Total General Debt is thus $32,542,565 Of this amount, $15,425,942 is considered net tax supported
debt. Net general bonded debt per capita is thus $335.57
In addition, Business-type activities had $5,615,000 in Revenue Bonds outstanding, as well as $7,777,264 in loans
provided through the Kansas Development Finance Authority. Revenues generated by user fees are pledged to
retire all of the Bonds issued by Business-type activities.
The City engaged in several debt transactions during 2004. One General Obligation Bond Refunding issue, Series
2004A was sold in the principal amount of $5,585,000. In addition, Internal Improvement Bonds in the amount of
$4,053,000 were issued. Moody's rating service extended a rating of A-1 to both of these issues. This is consistent
with prior ratings. In addition, three temporary note series were issued during the year, totaling $3,925,000.
Subsequent Event
In a subsequent event, Moody's rating service extended a rating of Aa3 to the City's outstanding debt with the issue
of the 2005-A Internal Improvement Bond Issue.
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.
13
BASIC FINANCIAL STATEMENTS
CITY OF SALINA, KANSAS
STATEMENT OF NET ASSETS
December 31, 2004
Primary Government Component Units
Total Total Total Salina Salina
Governmental Business-type Primary Housing Airport
Activities Activities Government Authority Authority
ASSETS
Current assets:
Cash and investments $ 14,341,911 $ 11,537,771 $ 25,879,682 $ 770,279 $ 2,962,020
Receivables (net of allowance for uncollectibles)
Accounts 1,496,870 1,035,073 2,531,943 7,667 107,053
Taxes 457,693 457,693 1,052,591
Interest 78,684 67,159 145,843 834
Notes 5,527 5,527
Mortgages 28,850
Due from other governments 68,522
Inventory 172,134 491,972 664,106
Restricted cash 725,733 725,733 58,413
Prepaid expenses 4,055
Net investment in financing leases 880,030
Deferred charges 332,660 474,621 807,281 33,301 86,063
Total current assets 16,885,479 14,332,329 31,217,808 967,866 5,091,812
Noncurrent assets:
Capital assets, nondepreciable
Construction in progress 9,966,774 61,387 10,028,161 361,582 426,405
Land 13,823,444 913,774 14,737,218 1,456,890 9,156,560
Capital assets, depreciable 151,104,333 88,282,501 239,386,834 6,163,313 18,385,174
Less: Accumulated depreciation 60,178,629 29,905,353 90,083,982 1,639,264
Total noncurrent assets 114,715,922 59,352,309 174,068,231 6,342,521 27,968,139
Total assets $131,601,401 $ 73,684,638 $ 205,286,039 $ 7,310,387 $ 33,059,951
Liabilities:
Current liabilities:
Accounts payable $ 406,703 $ 327,116 $ 733,819 $ 9,755 $ 141,330
Retainage payable 126,568 4,901 131,469
Accrued liabilities 563,267 563,267 27,431 101,666
Matured bond principal and interest 25,145 25,145
Accrued interest payable 219,590 270,325 489,915 137,649
Unearned interest - financing leases 50,312
Deposits payable 101,280 101,280 56,633
Unearned revenue 1,780 1,126,989
Due to other governments 29,633
Current portion of compensated absences 1 ,155,309 269,412 1,424,721
Current portion of capital lease payable 20,206 20,206
Current portion of temporary notes payable 4,675,000 4,675,000
Current portion of loans payable 316,661 316,661 1,016,159
Current portion of revenue bonds payable 625,000 625,000
Current portion of general obligation bonds payable 2,534,349 1,141,840 3,676,189
Total current liabilities 9,726,137 3,056,535 12,782,672 125,232 2,574,105
Noncurrent liabilities:
Accrued liabilities 75,874 75,874
Compensated absences 1 ,264,200 355,213 1,619,413 32,553
Capital lease payable 20,944 20,944
Temporary notes payable 2,200,000 2,200,000
Loans payable 7,460,603 7,460,603 8,485,351
Revenue bonds payable 4,990,000 4,990,000
General obligation bonds payable 16,992,921 6,258,455 23,251,376
Landfill post-closure care liabilities 1,761,260 1,761,260
Total noncurrent liabilities 20,553,939 20,825,531 41,379,470 32,553 8,485,351
Total liabilities $ 30,280,076 $ 23,882,066 $ 54,162,142 $ 157,785 $ 11,059,456
Net Assets
Invested in capital assets, net of related debt $ 92,947,502 $ 38,559,750 $131,507,252 $ 6,342,521 $ 18,468,297
Restricted for:
Debt service 1,317,062 1,405,822 2,722,884 85,000
Unrestricted 7,056,761 9,837,000 16,893,761 810,081 3,447,198
Total net assets $101,321,325 $ 49,802,572 $ 151,123.897 $ 7,152,602 $ 22,000,495
The notes to the basic financial statements are an integral part of this statement.
15
Governmental activities:
General government
Public safety
Public works
Public health and sanitation
Culture and recreation
Planning and development
Interest on long-term debt
Total governmental activities
Business-type activities:
Solid Waste Disposal
Water and Sewer
Sanitation
Golf Course
Total business-type activities
Total primary government
Component units:
Salina Housing Authority
Salina Airport Authority
Total com ponent units
CITY OF SALINA, KANSAS
STATEMENT OF ACTIVITIES
For the Year Ended December 31,2004
Net [Expenses] Revenue and
Changes in Net Assets
Program Revenues Primary Government Component Units
Operating Capital Total Total Total Salina Salina
Charges for G rants and Grants and Governmental Business-type Primary Housing Airport
Expenses Services Contributions Contributions Activities Activities Government Authority Authority
$ 4,930,556 $ 3,711,600 $ 136,218 $ $ [1,082,738] $ $ [1,082,738] $ $
13,548,289 2,770,189 1,294,549 (9,483,551 J [9,483,551]
7,958,468 155,428 1,498,105 2,480,451 [3,824,484] [3,824,484]
1,015,567 34,880 134,088 (846,599J [846,599J
4,783,566 2,072,678 134,088 (2,576,800] [2,576,800)
4,130,445 198,298 (3,932,147] [3,932,147J
785,542 [785,542] [785,542]
37,152,433 8,943,073 3,197,048 2,480,451 [22,531,861] [22,531,861 ]
2,817,733 2,488,760 [328,973] [328,973)
11,552,362 12,361,877 368,374 1,177,889 1,177,889
1,920,239 1,814,256 [105,983] [105,983)
817,060 790,925 [26,135J [26,135]
17,107,394 17,455,818 368,374 716,798 716,798
$54,259,827 $ 26,398,891 $ 3,565,422 $ 2,480,451 [22,531,861] 716,798 [21,815,063]
$ 2,174,471 $ 1,493,901 $ 635,155 $ (45,415]
2,894,543 1,330,303 2,289,342 725,102
$ 5,069,014 $ 2,824,204 $ 2,924,497 $ [45,415] 725,102
General Revenues:
Property taxes levied for
General purposes 6,576,194 6,576,194 1,036,579
Debt service 1 ,328,799 1,328,799
Motor vehicle tax
General purposes 1 ,056,735 1,056,735
Sales tax
General purposes 10,500,582 10,500,582
Selective purposes 2,264,206 2,264,206
Other taxes
General purposes 3,425,772 3,425,772 126,949
Investment revenues 390,462 221,709 612,171 59,943
Miscellaneous 1 ,084,469 93,230 1,177,699 21,874
Transfers, net 23,556 [23,556J
Subtotal general revenues 26,650,775 291 ,383 26,942,158 1,245.345
Change in net assets 4.118,914 1 ,008,181 5,127,095 [45,415J 1,970,447
Net assets - beginning 95,638,256 48,308,273 143,946,529 7,193,998 20,030,048
Prior period adjustment 1,564,155 486,118 2,050,273 4,019
Net assets - beginning, restated 97,202,411 48,794,391 145,996,802 7,198,017 20,030,048
Net assets - ending $ 101,321,325 $ 49,802,572 $ 151,123,897 $ 7,152,602 $ 22,000,495
The notes to the basic financial statements are an integral part of this statement.
16
This page intentionally left blank.
"fhis page intentionally left blank.
CITY OF SALINA, KANSAS
BALANCE SHEET
GOVERNMENTAL FUNDS
December 31,2004
Flood & Tourism
Employee Drainage and
General Benefits Improvement Convention
ASSETS
Cash and investments $ 6,179,729 $ 612,518 $ 521,148 $ 55,001
Receivables (net)
Accounts 1,254,555 211,878
Taxes 2,416,864 4,222,625 83,989
Interest 36,023 321
Notes
Inventory 103,464
Cash with fiscal agent
Total assets $ 9,990,635 $ 4,835, 143 $ 605,137 $ 267,200
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts payable $ 262,468 $ 252 $ - $
Retainage payable
Deferred revenue 2,416,864 4,222,625 83,989
Matured principal and interest
Temporary notes payable
Total liabilities 2,679,332 4,222,877 83,989
Fund balance:
Reserved for encumbrances 160,350 52,603
Reserved for notes receivable
Reserved for debt service
Unreserved, undesignated
General fund 7,150,953
Special revenue funds 612,266 468,545 267,200
Permanent funds
Capital project funds
Total fund balances 7,311,303 612,266 521,148 267,200
Total liabilities and fund balance $ 9,990,635 $ 4,835,143 $ 605, 137 $ 267,200
Other Total
Special Bicentennial Debt Capital Governmental Governmental
Gas Center Service Proiects Funds Funds
$ 949,777 $ 271,522 $ 1,309,321 $ 541,630 $ 1 ,744,441 $ 12,185,087
3,367 27,070 1,496,870
457,693 1,343,822 8,524,993
5,536 1,577 7,741 5,046 10,015 66,259
5,527 5,527
103,464
25.145 25,145
$ 1,413,006 $ 276,466 $ 2,686,029 $ 546,676 $ 1,787,053 $ 22,407,345
$ 30,829 $ 19,563 $ - $ 22,734 $ 14,595 $ 350,441
126,568 126,568
1 ,343,822 8,067,300
25,145 25,145
6.875.000 6,875,000
30,829 19,563 1,368,967 7,024,302 14,595 15,444,454
491,097 725,843 18,188 1,448,081
5,527 5,527
1,317,062 1,317,062
7,150,953
891,080 256,903 1 ,421 ,495 3,917,489
327,248 327,248
[7,203,469] [7,203,469]
1,382,177 256,903 1,317,062 [6,477,6261 1,772,458 6,962,891
$ 1,413,006 $ 276,466 $ 2,686,029 $ 546,676 $ 1,787,053 $ 22,407,345
The notes to the basic financial statements are an integral part of this statement.
17
CITY OF SALINA, KANSAS
RECONCILIATION OF THE TOTAL GOVERNMENTAL FUND BALANCE TO
NET ASSETS OF GOVERNMENTAL ACTIVITIES
December 31, 2004
Total Governmental Fund Balances
Amounts reported for governmental activities in the
statement of net assets are different because
Bond issuance costs are shown as current year expenditures in the funds.
Bond issuance costs
Capital assets used in governmental activities are not financial
resources and therefore are not reported in the funds
-rhe cost of capital assets is
Accumulated depreciation is
174,325,828
59,704,953
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.
-rhe 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
Bonds payable
Capital lease payable
Accrued interest on the bonds
2,367,116
19,527,270
41, 150
219,590
Net Assets of Governmental Activities
The notes to the basic financial statements are an integral part of this statement.
18
$ 6,962,891
332,660
114,620,875
1,560,025
[22,155,126]
$ 101,321,325
This page intentionally left blank.
CITY OF SALINA, KANSAS
STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCE
GOVERNMENTAL FUNDS
For the Year Ended December 31, 2004
Flood & Tourism
Employee Drainage and
General Benefits Improvement Convention
REVENUES:
Taxes
Real estate taxes $ 2,065,791 $ 4,015,801 $ 318,584 $
Delinquent taxes 71,099 95,570 9,349
Motor vehicle taxes 325,603 445,649 43,637
General sales taxes 10,500,582
Selective sales taxes 1,653,401
Other taxes 2,600,315 825,457
Intergovernmental 1,383,468
Special assessments
Licenses and permits
Charges for services 4,643,980
Investment revenue 107,269 396
Reimbursements
Miscellaneous 297,449
Total revenues 23,648,957 4,557,020 371,570 825,853
EXPENDITURES:
Current
General government 2,477,262 207,825
Public safety 10,075,244 2,648,914
Public works 4,033,341 750,698 48,529
Public health and sanitation 825,324 24,361
Culture and recreation 1,896,785 454,500
Planning and development 3,052,745 223,344 465,000
Miscellaneous
Capital outlay 715,269 74,226
Debt service
Principal retirement 100,000
Interest and other charges
Bond issuance costs
Total expenditures 23,075,970 4,309,642 222,755 465,000
Excess [deficiency] of revenue and other sources
over [under] expenditures and other [uses] 572,987 247,378 148,815 360,853
OTHER FINANCING SOURCES [USES}
Issuance of bonds
Transfers in 133,629
Transfers [out] [170,856] [342,809]
Payment to refunded bond escrow agent
Total other financing sources [uses} [37,227] [342,809]
Net change in fund balance 535,760 247,378 148,815 18,044
Fund balance - Beginning of year 6,775,543 364,888 372,333 249,156
Prior period adjustment
Fund balance - Beginning of year, restated 6,775,543 364,888 372,333 249,156
Fund balance - End of year $ 7,311,303 $ 612,266 $ 521 , 148 $ 267,200
Other Total
Special Bicentenn ial Debt Capital Governmental Governmental
Gas Center Service Proiects Funds Funds
$ - $ - $ 1 ,277,239 $ - $ - $ 7,677,415
51 ,560 227,578
241 ,846 1,056,735
10,500,582
610,805 2,264.206
3,425,772
1,479,705 2,480,451 315,475 5,659,099
1,340,256 1,340,256
18,400 18,400
833,240 887,089 6,364,309
16,365 34,970 25,502 177,847 362,349
465,128 465,128
499 103 94,169 116,281 508,501
1,496,569 833,343 3,040,040 2,971,081 2,125,897 39,870,330
2,685,087
12,724,158
324,261 5, 156,829
131,420 981,105
1 ,308,634 809,997 4,469,916
283,850 4,024,939
35 35
1,590,736 2,097 8,307,175 134,366 10,823,869
2,511,317 2,611,317
796,802 69,391 866, 193
1,544 1,544
1,914,997 1,310,731 3,308,119 8,378,110 1,359,668 44,344,992
[418,428] [477,388] [268,079] [5,407,029] 766,229 [4,474,662]
5,388,947 1,318,000 6,706,947
279,908 492,809 811 124,345 34,918 1,066,420
[21 ,525] [329,753] [222, 1 70] [1,087,113]
[5,388.947] [5,388,947]
258,383 492,809 811 1, 112,592 [187,252] 1,297,307
[160,045] 15,421 [267,268] [4,294.437] 578,977 [3,177,355]
1,542,222 241 ,482 1 ,584,330 2.066,811 1,202,647 14,399,412
[4,250,000] [9,166] [4,259, 166]
1,542,222 241,482 1,584,330 [2,183,189] 1,193,481 10,140,246
$ 1,382,177 $ 256,903 $ 1,317,062 $ [6,477,626] $ 1,772,458 $ 6,962,891
The notes to the basic financial statements are an integral part of this statement.
19
CITY OF SALINA, KANSAS
RECONCiliATION OF THE GOVERNMENTAL FUNDS STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE WITH THE GOVERNMENT-WIDE STATEMENT OF ACTIVrrlES
For the Year Ended December 31, 2004
Total Net Change In Fund Balances - Governmental Funds
$ [3,177,355]
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 assets 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 on sale of assets
Capital outlays
Depreciation expense
226,220
10,019,498
[4,082,511] 6,163,207
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.
80,651
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 fund is reported with governmental activities.
[166,973]
Some expenses reported in the statement of activities, such as compensated
absences, do not require the use of current financial resources and therefore
are not reported as expenditures in governmental funds.
[38,686]
Bond proceeds are an other financing source in the governmental funds, but it
increases long-term liabilities in the statement of net assets and does 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.
[6,742,194]
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 assets and does not affect the statement of activities.
8,000,264
Changes In Net Assets of Governmental Activities
$ 4,118,914
The notes to the basic financial statements are an integral part of this statement.
20
CITY OF SALINA, KANSAS
STATEMENT OF NET ASSETS
PROPRIETARY FUNDS
December 31,2004
Business-Type Activities:
Enterprise Funds
Total Internal
Solid Waste Water and Enterprise Service
ASSETS Disposal Sewer Sanitation Golf Course Funds Funds
Current assets:
Cash and investments $2,923,260 $ 8,005,724 $ 465,413 $ 143,374 $11,537,771 $2.131,679
Receivables (net of allowance for uncollectibles)
Accounts 200,768 725.405 108,900 1.035,073
Interest 17,039 46,574 2}12 834 67, 159 12,425
Inventory and prepaid supplies 467.807 24.165 491,972 68,670
Restricted cash and investments 725,733 725,733
Deferred charges 39,170 434,040 1,411 474.621
Total current assets 3,180,237 10,405,283 577,025 169,784 14.332,329 2,212,774
Capital assets:
Nondepreciable capital assets:
Construction in progress 61,387 61,387
Land 120,000 793,774 913,774
Depreciable capital assets:
Capital assets 5.995.398 80.317,379 1.031,095 938,629 88,282,501 568,723
Less: accumulated depreciation 2,008,929 26,897,791 574,669 423,964 29,905,353 473.676
Total capital assets 4,106,469 54,274,749 456,426 514,665 59,352,309 95,047
Total assets $ 7,286,706 $ 64,680,032 $1,033,451 $ 684,449 $ 73,684,638 $ 2,307,821
Liabilities:
Current liabilities (payable from current assets):
Accounts payable $ 123,424 $ 198, 1 06 $ 945 $ 4,641 $ 327,116 $ 56,262
Retainage payable 4,901 4,901
Interest payable 32,820 237,285 220 270,325
Meter deposits payable 101,280 101,280
Total current liabilities (payable from current assets) 156,244 541,572 945 4,861 703,622 56,262
Current liabilities
Current portion of compensated absences payable 24,589 164,423 52,327 28,073 269,412 52,393
Current portion of accrued claims payable 563,267
Current portion of loans payable 316,661 316,661
Current portion of general obligation bonds payable 332,442 795,748 13,650 1,141,840
Current portion of revenue bonds payable 625,000 625,000
Total current liabilities 357,031 1,901,832 52,327 41,723 2,352,913 615,660
Noncurrent liabilities:
Compensated absences payable 32,420 216.787 68,992 37,014 355,213
Accrued claims payable 75,874
Payable from restricted assets
Loans payable 7,460,603 7,460,603
General obligation bonds payable 2,476,548 3,749,602 32,305 6,258,455
Revenue bonds payable 4,990,000 4,990,000
Landfill post-closure care liabilities 1,761,260 1,761,260
Total noncurrent liabilities 4,270,228 16,416,992 68,992 69,319 20,825,531 75,874
T otalliabilities $ 4,783,503 $18,860,396 $ 122,264 $ 115,903 $ 23,882,066 $ 747,796
Net Assets
Invested in capital assets, net of related debt $1,272,890 $ 36,172,712 $ 404,099 $ 440,637 $ 38,290,338 $ 95,047
Restricted
Restricted for bond retirement 1,405,822 1,405,822
Unrestricted 1,230,313 8,241,102 507,088 127,909 10,106,412 1,464,978
Total net assets $2,503,203 $45,819,636 $ 911.187 $ 568,546 $ 49,802,572 $1,560,025
The notes to the basic financial statements are an integral part of this statement.
21
CITY OF SALINA, KANSAS
STATEMENT OF REVENUES. EXPENSES
AND CHANGES IN NET ASSETS
PROPRIETARY FUNDS
For the Year Ended December 31.2004
Business-Type Activities:
Enterprise Funds
Total Internal
Solid Waste Water and Enterprise Service
Disposal Sewer Sanitation Golf Course Funds Funds
Operating revenues
Charges for services $ 2,488,760 $ 12,361,877 $1,814,256 $ 790,925 $17,455,818 $ 6.902,386
Reimbursements 914 914 23.971
Miscellaneous 70,565 21,751 92,316 86,869
Total operating revenues 2,488,760 12.432,442 1,814,256 813,590 17,549,048 7,013,226
Operating expenses
General government 7,161,674
Public works 2.001,987 8,979,010 1,821.073 12,802,070
Recreation 776,337 776.337
Depreciation 725,126 1,675,239 86,745 39,149 2,526,259 90,887
Total operating expenses 2,727,113 10.654,249 1,907,818 815.486 16,104,666 7,252,561
Operating income [loss] [238,353] 1,778,193 [93,562] [1,896] 1.444,382 [239,335]
Nonoperating revenues [expenses]
Investment revenue 71,582 138,577 8,889 2,661 221,709 28,113
Debt service [86,594] [751,867] [1,104] [839,565]
Amortization of bond issuance costs [4,026] [127,029] [470] [131,525]
Gain [loss] on disposal of fixed assets [19,217] [12,421 ] [31,638]
Total nonoperating revenues [expenses] [19,038] [759.536] [3,532] 1,087 [781,019] 28.113
Income [loss] before transfers [257,391] 1,018,657 [97,094] [809] 663,363 [211,222]
Capital contributions 368,374 368,374
Transfers from [to] other funds
Transfers in 39,084 39,084 44,249
Transfers [out] [62,640] [62.640]
Total transfers [23,556] [23,556] 44,249
Change in net assets [257,391 ] 1,363,475 [97,094] [809} 1,008.181 [166,973]
Net assets, January 1 2,700,540 44,029,053 1,009.325 569,355 48.308,273 1,727,959
Restatement 60,054 427,108 [1,044] 486,118 [961 ]
Net assets, January 1, restated 2,760,594 44,456,161 1,008,281 569,355 48,794,391 1,726,998
Net assets, December 31 $ 2,503,203 $ 45,819.636 $ 911.187 $ 568,546 $ 49.802,572 $ 1,560,025
The notes to the basic financial statements are an integral part of this statement.
22
CITY OF SALINA, KANSAS
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
For the Year Ended December 31, 2004
Business-Type Activities:
Enterprise Funds
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 $2,437,671 $12,298,877 $1,799,924 $ 790,925 $17,327,397 $6,919,722
Cash paid to suppliers of goods or services [1,429,889] [6,059A38] [1,137,595] [410,288] [9,037,210] [6,659,061]
Cash paid to employees [396,175] [2,805,614] [701 ,293] [362,384 ] [4,265.466] [518,785]
Other operating receipts 70,565 22,665 93,230 110,840
Net cash provided by [used in] operating activities 611.607 3,504,390 [38,964J 40,918 4,117,951 [147,284]
Cash flows from capital and related financing activities
Purchase and construction of capital assets [886,391 ] [1,114,514] [113,933] [2,114,838] [5,307]
Proceeds from issuance of debt 2,884,231 46,869 2.931,100
Debt issuance costs incurred [39,428] [51,811] [1,881 ] [93,120]
Principal payments - general obligation bonds [220,144] [760,747] [60,895] [1,041,786]
Principal payments - revenue bonds [600,000] [600,000]
Principal payments - temporary notes [2,533,972] [2,533,972]
Interest paid [56,869] [779,228] [2,112] [838,209]
Principal payments - loans payable [304,935] [304,935J
Net cash provided by [used in] capital
and related financing activities [852,573] [3,611,235] [113,933] [18,019] [4,595,760} [5,307]
Cash flows from investing activities
Interest received 78,444 133.676 9,459 2,463 224,042 27,616
Cash flows from noncapital financing activities
Transfers in 39,084 39.084 44,249
Transfers [out] [62,640] [62,640}
Net cash provided by [used in] noncapital financing activities [23,556] [23,556] 44,249
Net increase [decrease] in cash and cash equivalents [162,522] 3,275 [143.438] 25,362 [277,323] [80,726]
Cash and cash equivalents, January 1 3,085,782 8.728.182 608,851 118,012 12,540.827 2,212,405
Cash and cash equivalents. December 31 $2,923,260 $ 8,731,457 $ 465.413 $ 143,374 $12,263.504 $2.131,679
Cash and investments $2,923,260 $ 8,005,724 $ 465,413 $ 143,374 $11,537,771 $2.131,679
Restricted cash and investments 725,733 725,733
Total cash and cash equivalents $2,923,260 $ 8,731 ,457 $ 465,413 $ 143,374 $12,263,504 $2,131,679
The notes to the basic financial statements are an integral part of this statement.
23
CITY OF SALINA, KANSAS
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
For the Year Ended December 31,2004
Reconciliation of operating [loss] income to net cash
provided by [used in} operating activities
Operating income [loss]
Adjustments to reconcile operating income [loss] to
net cash provided by [used in] operating activities
Depreciation expense
[Increase] decrease in accounts receivable
[Increase} decrease in inventory
Increase [decrease] in accounts payable
Increase [decrease] in retainage payable
Increase [decrease] in accrued compensated absences
Increase [decrease] in claims payable
Increase [decrease] in meter deposits payable
Increase [decrease] in accrued landfill closure
and postclosure care costs
Net cash provided by [used in] operating activities
Business-Type Activities:
Enterprise Funds
Solid Waste Water and
Disposal Sewer Sanitation Golf Course
Total
Enterprise
Funds
Internal
Service
Funds
$ [238,353] $1,778,193 $ [93,562} $ [1,896] $1,444,382 $ [239,335]
The notes to the basic financial statements are an integral part of this statement.
24
CITY OF SALINA, KANSAS
STATEMENT OF ASSETS AND LIABILrrlES
AGENCY FUNDS
December 31, 2004
ASSETS
Cash and investments $ 371,034
Interest receivable 1,712
Total assets $ 372,746
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable $ 372,746
Total liabilities $ 372,746
The notes to the basic financial statements are an integral part of this statement.
25
This page intentionally left blank.
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STATEMENTS
December 31, 2004
Note 1. SUMMARY OF SIGNIFICANT ACCOUN-rING POLICIES
A. Reporting Entity
The City of Salina, Kansas (the City) is a municipal corporation governed by a mayor and 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 to emphasize that it is legally separated
from the government.
Discretelv Presented Comoonent 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. One 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.
The 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, 2004.
Complete financial statements for each of the individual component units may be obtained at the entity's
administrative offices.
Salina Airport Authority
3237 Arnold Ave.
Salina, KS
Housing Authority of
the City of Salina
469 S. 5th
Salina, KS
Joint Ventures
The City of Salina also participates with Saline County in two joint ventures. The Salina-Saline County Board
of Health was organized by the City and County to promote public health. 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 ventures. Separate financial statements are available from the governing boards of each joint venture.
Total net assets, December 31,2004
Total revenues, year ended December 31, 2004
Total revenues from City of Salina
Board of Buildi ng
Health Authority
(Unaudited) (Audited)
$ 222,018 $ 2,762,734
3,233,766 831 ,134
740,448 310,425
26
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STATEMENTS
December 31, 2004
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
B. Government-wide and fund financial statements
The statement of net assets 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. Likewise, 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. Nonmajor 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 and fiduciary fund financial statements.
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. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by
the provider have been met.
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
reven ues 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.
27
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STATEMENTS
December 31,2004
Note 1. SUMMARY OF SIGNIFICANT ACCOL~NTING POLICIES (Continued)
C. Measurement Focus, Basis of Accounting and Basis of Presentation (Continued)
The City applies all applicable Governmental Accounting Standards Board (GASB) pronouncements as well
as the following pronouncements issued on or before November 30, 1989, unless those pronouncements
conflict with or contradict GASB pronouncements: FASB Statements and Interpretations, APB Opinions, and
ARBs.
Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in net
total assets. 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 operations that provide services to other departments or agencies of
the government, or to other governments, on a cost-reimbursement basis.
Agency funds are custodial in nature and do not measure results of operations or have a measurement
focus. Agency funds do, however, use the accrual basis of accounting.
The City reports the following major governmental funds:
The general fund is used 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.
Employee benefits fund - To account for the costs of various benefits provided to governmental employees.
Flood and drainage improvement fund - To account for property tax revenues to be used for capital
improvements to the flood control and stormwater drainage systems.
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.
Bicentennial Center fund - To account for the activities of the City's convention center.
The debt service fund is used 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.
-rhe capital projects fund is used to account for the acquisition and construction of major capital facilities
other than those financed by proprietary funds and trust funds.
28
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STA-rEMENTS
December 31, 2004
Note 1. SUMMARY OF SIGNIFICANT ACCOL~NTING POLICIES (Continued)
C. Measurement Focus, Basis of Accounting and Basis of Presentation (Continued)
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.
D. Assets, Liabilities and Equity
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 IICash 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 Pavables
Transactions between funds that are representative of lending/borrowing arrangements outstanding at the
end of the year are referred to as either "interfund receivables/payablesn (i.e., the current portion of interfund
loans) or "advances to/from other funds" (Le., 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 selVices are provided. All receivables are shown net
of an allowance for doubtful accounts.
Properly 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 2005. 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.
29
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STATEMENTS
December 31,2004
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
D. Assets, Liabilities and Equity (Continued)
2. Receivables and Pavables (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. Payments are due November 1, becoming
delinquent, with penalty, December 21. Payments of 500/0 are accepted through December 20, with the
second 500/0 then being due on or before May 10 of the following year. -rhis 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 Preoaid 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. Restricted Assets
Certain proceeds of the City's business-type fund revenue bonds, as well as certain resources set aside for
their repayment, are classified as restricted assets on the balance sheet because their use is limited by
applicable bond covenants. The llWater and Sewer Principal and Interest" account is used to segregate
resources accumulated for debt service payments over the next twelve months. The "Debt Service Reserve"
account is used to report resources set aside to make up potential future deficiencies in the "Water and
Sewer Principal and Interest Account".
5. 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.
Historically, governmental infrastructure assets have not been capitalized and reported in the financial
statements. In conformity with GASB 34, infrastructure completed in the current year has been capitalized.
Retroactive reporting of the City's major infrastructure assets extends to all assets.
30
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STA-rEMENTS
December 31, 2004
Note 1. SLIMMARY OF SIGNIFICANT ACCOLINTING POLICIES (Continued)
D. Assets, Liabilities, and Equity (Continued)
5. Capital Assets (Continued)
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. Interest
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
Buildings
Other equipment
Vehicles
I nfrastructu re
Years
50
5 -15
6 -10
30 -50
6. 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 and
unused leave may accumulate without limit. 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 fund financial statements
that will pay it. 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, Information Systems 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.
7. Temoorary 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.
31
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STA-rEMENTS
December 31, 2004
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
D. Assets, Liabilities and Equity (Continued)
8. Lona-term Obliaations
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 assets. 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.
9. Fund Eauity
In the fund financial statements, governmental funds report reservations of fund balance amounts that are
not appropriable or are legally segregated for a specific purpose. Reservations of business-type net assets
are limited to outside third-party restrictions. Designations of fund balance represent tentative management
plans that are subject to change.
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 st.
2. Publication in local newspaper of the proposed budget and notice of public hearing on the budget on or
before August 5th.
3. Public hearing on or before August 15th, but at least ten days after publication of notice of hearing.
4. Adoption of the final budget on or before August 25th.
The statutes allow for 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 budget was amended,
from $82,000 to $88,068, for the Business Improvement District Fund and from $775,000 to $810,000, for the
Tourism and Convention Fund.
32
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STATEf\lIENTS
December 31,2004
Note 2. STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY (Continued)
A. Budgetary Information (Continued)
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 modified accrual basis of accounting, modified
further by the encumbrance method of accounting. Revenues are recognized when cash is received.
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, trust funds, and the following special
revenue funds: Bicentennial Center Event, HUD Community Development, Community Development
Revolving, Heritage Commission, Sales Tax Capital, Sales Tax Economic Development, CDBG-ED, HOME
IV, Special Law Enforcement, Fair Housing Partnership, Police Grants, Dare Donations, Large System
Interface and War Memorial Maintenance. A legal operating budget is not required for the following
Enterprise funds: Solid Waste Construction, Water and Sewer Principal and Interest, Water and Sewer Bond
Reserve, Water and Sewer Construction and Reserve funds. A legal operating budget is also not required
for the Internal Service funds. 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. Statutory Violations
The following fund had deficit fund equity at December 31,2004: Capital Projects $[6,477,626]. This deficit
will be recovered from the issuance of bonds.
C. Compliance With Bond Reserve Requirements
Water & Sewer Bond Reserve Requirements
The bond reserve requirement is to establish and maintain a reserve account. -rhe Water & Sewer fund met
this requirement for 2004.
Reserve requirement
$
679,000
Actual reserves
Bond reserve account
Total actual reserves
$
$
680,089
680,089
The City was in compliance with the reserve account balance requirements at December 31, 2004.
33
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STA-rEMENTS
December 31, 2004
Note 2. S-rEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY (Continued)
D. 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, 2004, the statutory limit for the City was $115,184,791, providing a
debt margin of $90,110,561.
Note 3. RESTATEMENT OF EQUITY
Following the close of the previous fiscal year, it was discovered that notes receivable had been incorrectly
reported in the HUD Community Development Fund. In addition, it was discovered that proceeds from the
2003A General Obligation Bond had not been properly allocated to the Water and Sewer Fund and the
temporary notes payable had not been properly recorded as a liability in the Capital Projects Fund.
Accordingly, the beginning net assets balances were restated, the effects of which are as follows:
Net Assets/Fund Balance
December 31, 2003
Community
Capital Development Water and Solid
Governmental Projects Revolving Sewer Waste Sanitation
Activities Fund Fund Fund Fund Fund
$ 95,638,256 $ 2,0661811 $ 1801790 $ 44,029,053 $ 2,700,540 $ 1,009,325
1,290,737 709,692 60,054 [1,044]
[9,166] [9,166]
[4,250,000]
282,584 [282,584]
$ 97,202,411 $ [2,183,189J $ 171,624 $ 44,456,161 $ 2,760,594 $ 1,008,281
Fixed Asset Adjustment
Note Receivable Adjustment
Temporary Note Adjustment
General Obligation Bond Adjustment
Net Assets/Fund Balance
December 31, 2003, Restated
Note 4. DETAILED NOTES ON ALL FUNDS
A. Deposits and Investments
Deposits - At year end, the City's carrying amount of the deposits and cash on hand was $15,859,961 and
$14,818 respectively. The bank balance was $17,499,226. The difference between the carrying amount and
the bank balance is outstanding checks, deposits in transit and cash on hand. Of the bank balance $400,000
was covered by FDIC insurance and the remaining $17,099,226 was collateralized by pledged securities
held under joint custody receipts issued by a third-party bank in the City's name and by Bank Depository
Guaranty Bonds issued by Kansas Bankers Surety Company. The third-party bank holding the pledged
securities is independent of the pledging bank. The pledged securities are held under a tri-party custodial
agreement signed by all three parties; the City, the pledging bank and the independent third-party bank
holding the pledged securities. The Kansas State Treasurers Fiscal Agency Department held an unsecured
and uncollateralized deposit of $25,145.
34
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STA-rEMENTS
December 31, 2004
Note 4. DETAILED NOTES ON ALL FUNDS (Continued)
A. Deposits and Investments (Continued)
The carrying amount of deposits and cash on hand for the Housing Authority of the City of Salina, a
discretely presented component unit, was $744,960 and $50, respectively, and the bank balance was
$757,218. Of the bank balance, $757,218 was covered by federal depository insurance or by collateral held
by the entity's agency in the Housing Authority's name.
The carrying amount of deposits and cash on hand, respectively for the Salina Airport Authority, a discretely
presented component unit, was $2,960,196 and $1,824 and the bank balance was $2,994,433. Of the bank
balance, $2,994,433 was covered by federal depository insurance or by collateral held by the entity's agency
in the Authority's name.
Investments - Kansas statutes authorize the City to invest in U.S. Treasury bills and notes, repurchase
agreements, the Kansas Municipal Investment Pool (KMIP), and certain other types of federal and Kansas
municipal obligations. All investments must be insured, registered, or held by the City or its agent in the
City's name. The City's investments are categorized to give an indication of the level of risk assumed by the
City at year-end. Category 1 includes investments that are insured or registered, or for which the securities
are held by the City or its agent in the City's name. Category 2 includes uninsured and unregistered
investments for which the securities are held by the pledging bank's trust department or agent in the City's
name. Category 3 includes uninsured and unregistered investments for which the securities are held by the
pledging bank but not in the City's name. -rhe carrying amount of investments approximates fair value.
At December 31, 2004, the City had invested $4,096,501 in the State's municipal investment pool. 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 US 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 in the State Treasurer's municipal investment
pool is not subject to categorization as to risk. The fair value of the City's position in the municipal investment
pool is substantially the same as the value of the pool shares. The categories of the City's investments are
as follows:
Pooled investment -
State of Kansas
Category
Carrying
1 2 3 Amount
$ 6,980,024 $ - $ - $ 6,980,024
4,096,501
$ 11,076,525
$ 83,682
Primary Government:
U.S. Treasury Bills
Salina Housing Authority
35
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STA-rEMENTS
December 31,2004
Note 4. DETAILED NOTES ON ALL FUNDS (Continued)
A. Deposits and Investments (Continued)
Separate statutes regulate investment proceeds for most bond issues. Local units may invest bond
proceeds in direct obligations of the United States Government and its agencies or make investments as
authorized for other idle funds. Under existing Attorney General opinions maturity and interest rates are
negotiable on such bonds.
The cash and investments by fund type at December 31,2004 are as follows:
Primary government:
Statement of net assets - cash and investments $ 25,879,682
Statement of net assets - restricted cash 725,733
Statement of fiduciary net assets - cash and investments 371,034
Total $ 26,976,449
Cash and cash equivalents $ 15,859,961
Cash on hand 14,818
Cash held by fiscal agent 25,145
Investments 11,076,525
Total $ 26,976,449
Salina Housing Authority:
Statement of net assets - cash and investments $ 770,279
Statement of net assets - restricted cash 58,413
Total $ 828,692
Cash and cash equivalents $ 744,960
Cash on hand 50
Investments 83,682
Total $ 828,692
Salina AiqxlIt Authority:
Statement of net assets - cash and investments $ 2,962,020
Total $ 2,962,020
Cash and cash equivalents $ 2,960,196
Cash on hand 1,824
Total $ 2,962,020
36
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STA-rEMENTS
December 31,2004
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:
Rood & Tourism
Employee Drainage and Special Bicentennial Debt
General Benefits Impr. Convention Gas Center Service Subtotal
Primary Government
Receivables:
,Accounts $ 1,641,592 $ $ - $ 211,878 $ - $ 3,367 $ - $ 1,856,837
Taxes 2,416,864 4,222,625 83,989 457,693 1,343,822 8,524,993
Interest 36,023 321 5,536 1,577 7,741 51,198
Gross receivables 4,094,479 4,222,625 83,989 212,199 463,229 4,944 1,351,563 10,433,028
Less: allowance for
uncolI ectibles [387,037] [387,037J
Total $ 3,707,442 $ 4,222,625 $ 83,989 $ 212,199 $ 463,229 $ 4,944 $ 1,351,563 $ 10,045,991
Solid Gaf Water
Capital Other VVaste Course and Internal
Projects Governmental Sanitation Disposal Division Sewer Service Rdudary Total
Primary Government
Receivables:
,Accounts
Taxes
Interest
Notes
Q-oss receivables
Less: allowance for
uncollecti bles
Total
$
- $
33,986 $ 121,005 $ 200,768 $
- $ 800,437 $ - $
- $ 3,019,093
8,524,993
1,712 147,555
5,527
1,712 11,697,168
10,015 2,712 17,039
5,527
49,528 123,777 217,807
834 46,574 12.425
5,046
5,046
834 853,011 12,425
[6,916] [12,165]
42,612 $ 111,612 $ 217,807 $
[81,032]
834 $ 771,979 $
[487,150]
12,425 $ 1,712 $11,210,018
$ 108,771
[1,718]
107,053
1,052,591
1,159,644
7,667
834
8,501
$ 1,168,145
$
5,046 $
Component Units
Salina Airport Authority
,Accounts
Less: allowance for uncoUectibles
Taxes
Total Salina Airport Authority
Salina Housing Authority
,Accounts
Interest
Total Salina Housing Authority
Total
37
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STATEMENTS
December 31, 2004
Note 4. DETAILED NOTES ON ALL FUNDS (Continued)
C. Capital Assets
Capital asset activity for the year ended December 31, 2004, was as follows:
Balance Adj. Ba!. Balance
12/31/2003 Adjustments 12/31/2003 Additions Retirements 12/31/2004
City govemmental activities:
Govemmental activities:
Capital assets, not being depreciated
Construction in progress $ 5,511,625 $ [15,370] $ 5,496,255 $ 8,800,117 $ [4,329,598] 9,966,774
Land 12,680,134 1,114,654 13,794,788 28,656 13,823,444
Capital assets, being depreciated
Infrastructure 118,106,391 118,106,391 3,291,114 121,397,505
Buildings and improvements 18,902,798 [287,062] 18,615,736 1,411,628 20,027,364
Vehicles 5,308,670 6,723 5,315,393 561,372 [72,040] 5,804,725
Equipment, fumiture and fixtures 3,258,345 373,728 3,632,073 242,666 3,874,739
Total capital assets 163,767,963 1,192,673 164,960,636 14,335,553 [4,401,638] 174,894,551
Less accumulated depreciation for:
I nfras tructure 42,498,280 12,923 42,511,203 2,494,791 45,005,994
Buildings and improvements 8,408,100 [210,127] 8,197,973 478,431 8,676,404
Vehicles 3,621,083 10,627 3,631,710 572,895 [195,005] 4,009,600
Equipment, fumiture and fixtures 1,874,092 88,513 1,962,605 627,281 [103,255] 2,486,631
Total accumulated depreciation 56,401,555 [98,064] 56,303,491 4,173,398 [298,2601 60,178,629
Governmental activities capital assets, net $ 107,366,408 $ 1,290,737 $ 108,657,145 $ 10,162,155 $ [4,103,378] $ 114,715,922
Bu siness-type activities:
Capital assets, not being depreciated
Construction in progress $ 8,216,772 $ [68,980] $ 8,147,792 $ 2,148,253 $ [10,234,658] 61 ,387
Land 3,552 120,000 123,552 790,222 913,774
Capital assets, being depreciated
I nfra structure 49,944,345 [3,453] 49,940,892 10,388,324 [19,217] 60,309,999
Buildings and improvements 22,544,156 [7,172} 22,536,984 [12,421] 22,524,563
Vehicles 2,063,344 [23,416] 2,039,928 135,106 [84,273] 2,090,761
Equipment, furniture and fixtures 3,357,878 [41,755] 3,316,123 46,188 [5,133] 3,357,178
Total capital assets 86,130,047 [24,776] 86,105,271 13,508,093 [10,355,702] 89,257,662
Less accumulated depreciation for:
I nfra structure 17,528,511 5,405 17,533,916 1,662,480 19,196,396
Buildings and improvements 7,120,709 [250] 7,120,459 451,963 7,572,422
Vehicles 1,393,903 [11,627] 1,382,276 158,870 [84,273] 1,456,873
Equipment, fumiture and fixtures 1,428,632 3,217 1,431,849 252,946 [5,133] 1,679,662
Total accumulated depreciation 27,471,755 [3,255] 27,468,500 2,526,259 [89,406] 29,905,353
Business-type activities capital assets, net $ 58,658,292 $ [21,521} $ 58,636,771 $ 10,981,834 $ [10,266,296] $ 59,352,309
38
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STA-rEMENTS
December 31,2004
Note 4. DETAILED NO-rES ON ALL FUNDS (Continued)
C. Capital Assets (Continued)
The City's depreciation expense was charged to governmental functions as follows:
Governmental Activities:
General government $ 105,666
Public safety 821 ,541
Public works 2,843,056
Public health 34,462
Culture and recreation 263,067
Planning and development 105,606
Total depreciation $ 4,173,398
Business-type Activities:
Solid Waste Disposal $ 725,126
Water and Sewer 1 ,675,239
Sanitation 86,745
Golf Course Division 39,149
Total depreciation $ 2,526,259
D. Long-Term Debt
Following is a summary of changes in long-term debt for fiscal year 2004:
Adjusted
Balance Balance Balance Amounts
January 1, January 1, December 31, Due Within
2004 Adjustments 2004 Additions Deletions 2004 One Year
Governmental activities:
General obligation bonds $ 20}44,309 $ [282,584] $ 20,461 }25 $ 6}06,947 $ 7,641,402 $ 19,527,270 $ 2,534,349
Capital lease 60,000 60,000 18,850 41 ,150 20,206
Accrued compensation 2,368,412 2,368,412 1,103,635 1,052,538 2,419,509 1,155,309
Temporary notes 4,250,000 4,250,000 3,925,000 1,300,000 6,875,000 4,675,000
Total $ 27,422 }21 $ [282,584] $ 27,140,137 $ 11,735,582 $ 10,012}90 $ 28,862,929 $ 8,384,864
Business-type activities:
General obligation bonds $ 5,228,397 $ 282,584 $ 5,510,981 $ 2,931,100 $ 1,041 }86 $ 7,400,295 $ 1,141,840
Revenue bonds 6,215,000 6,215,000 600,000 5,615,000 625,000
Loans payable 8,082,199 8,082,199 304,935 7,777,264 316,661
Temporary notes 2,533,972 2,533,972 2,533,972
Accrued compensation 623,000 623,000 232,599 230,974 624,625 269,412
Total $ 22,682,568 $ 282,584 $ 22,965,152 $ 3,163,699 $ 4,711,667 $ 21,417,184 $ 2,352,913
Component Units:
General obligation bonds $ 6,265,000 $ - $ 6,265,000 $ - $ 830,000 $ 5,435,000 $ 850,000
Revenue bonds 245,000 245,000 75,000 170,000 80,000
Loans payable 218,629 218,629 53,036 165,593 54,109
Temporary notes 3,255,000 3,255,000
Special assessment debt 506,804 506,804 30,887 475,917 32,050
Total component units $ 7,235,433 $ - $ 7,235,433 $ 3,255,000 $ 988,923 $ 9,501,510 $ 1,016,159
39
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STATEMENTS
December 31, 2004
Note 4. DETAILED NOTES ON ALL FUNDS (Continued)
D. 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 Interest Bonds
General Obligation Bonds I ssu e Rates Outstanding
Internal Improvements 1998, due 8/1/2003 $ 3,900,000 4.100/0 to 5.000/0 $ 310,000
Water/sewer refunding 1998, due 10/1/2008 6,010,000 3.800/0 to 4.400/0 2,404,565
Internal Improvements 1999, due 10/1/2014 5,465,000 4.300k to 5.500/0 1,840,000
Internal Improvements 2000, due 10/1/2015 3,885,000 4.6250/0 to 6.500k 1 ,650,000
Internal Improvements 2001, due 10/1/2016 5,350,000 4.00% to 4.900/0 4,270,000
Water/sewer refunding 2002A, due 10/1/2013 2,045,000 3.000k to 4.500/0 1,655,000
Internal Improvements 2002B, due 10/1/2017 1 ,980,000 2.700/0 to 4.500/0 1,645,000
Internal Improvements 2003A, due 10/1/2018 4,350,000 2.130/0 to 3.85Ok 4,025,000
Refunding 2004A, due 8/1/15 5,585,000 2.100k to 4.000/0 5,075,000
Internal Improvements 2004B, due 10/1/19 4,053,000 3.000k to 4.00$ 4,053,000
Total general obligation bonds $ 26,927,565
Revenue Bonds
Revenue Refunding 2002A, due 9/1/2012 6,790,000 2.200/0 to 4.250/0 $ 5,615,000
Total revenue bonds $ 5,615,000
Loans Payable
Kansas Public Water Supply, due 2/1/2020 3,600,000 4.29Ok $ 3,033,158
Kansas Public Water Supply, due 2/1/2023 5,000,000 4.130/0 4,744,106
Total loans payable $ 7,777,264
Temporary Notes
Series 2003-2, due 7/1/2007 1,200,000 2.000k $ 1,200,000
Series 2003-3, due 8/1/2005 1,750,000 1.350/0 1,750,000
Series 2004-1, due 7/1/2007 1,000,000 2.300k 1,000,000
Series 2004-2, due 8/1/2005 775,000 2.000/0 775,000
Series 2004-3, due 8/1/2005 2,150,000 3.00% 2,150,000
Total temporary notes $ 6,875,000
Capital Lease, due 6/1/2006 60,000 3.65 $ 41,150
40
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STA-rEMENTS
December 31, 2004
Note 4. DETAILED NOTES ON ALL FUNDS (Continued)
D. Long-Term Debt (Continued)
Original
Issue
Interest
Rates
Bonds
Outstandina
Component Unit
Salina Airport Authority
General Obligation Bonds
General Obligation 1998, due 2008 $ 4,440,000 4.050/0 to 5.500/0 $ 1,770,000
General Obligation 1999B, due 2010 555,000 3.900/0 to 5.200/0 320,000
General Obligation 2001A, due 2012 1,385,000 4.450/0 to 5.600/0 1,170,000
General Obligation 2002A, due 2012 2,635,000 2.450/0 to 3.700/0 2,175,000
Total general obligation bonds 5,435,000
Revenue Bonds
Leasehold revenue 1991, due 2006 850,000 5.000/0 to 7.250/0 170,000
Loans Payable
Kansas Dept of Commerce & Housing, due 2007 468,542 2.000/0 165,593
Temporary Notes 3,255,000 3.120/0 3,255,000
Special assessment debt 565,235 3.190/0 475,917
Total $ 9,501,510
Annual debt service requirements to maturity for general obligation bonds to be paid with tax levies:
General Obligation - Primary Government
Bonds Interest
Year Outstandina Due Total
2005 $ 3,676,186 $ 1,034,939 $ 4,711,125
2006 3,538,189 871 ,096 4,409,285
2007 3,378,190 742,757 4,120,947
2008 3,040,000 617,689 3,657,689
2009 2,390,000 501,174 2,891,174
2010-2014 8,735,000 1,390,053 10,125,053
2015-2018 2,170,000 188,349 2,358,349
Total $ 26,927,565 $ 5,346,055 $ 32,273,620
General Obligation - Component Units
Bonds Interest
Year Outstandina Due Total
2005 $ 850,000 $ 220,434 $ 1,070,434
2006 850,000 186,866 1,036,866
2007 885,000 154,858 1 ,039,858
2008 905,000 120,041 1,025,041
2009 490,000 82,951 572,951
2010-2012 1 ,455,000 124,891 1,579,891
Total $ 5,435,000 $ 890,041 $ 6,325,041
41
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STA-rEMENTS
December 31, 2004
Note 4. DETAILED NOTES ON ALL FUNDS (Continued)
D. Long-Term Debt (Continued)
Annual debt service requirements to maturity for revenue bonds to be paid with utility revenues:
Revenue Bonds - Primary Government
Bonds Interest
Year Outstandina Due Total
2005 $ 625,000 $ 191,810 $ 816,810
2006 640,000 178,060 818,060
2007 640,000 162,060 802,060
2008 680,000 143,500 823,500
2009 710,000 116,300 826,300
2010-2013 2,320,000 189,945 2,509,945
Total $ 5,615,000 $ 981,675 $ 6,596,675
Annual debt service requirements to maturity for revenue bonds to be paid with service revenues:
Revenue Bonds - Component Units
Bonds Interest
Year Outstandina Due T ota I
2005 $ 80,000 $ 12,285 $ 92,285
2006 90,000 6,525 96,525
Total $ 170,000 $ 18,810 $ 188,810
Annual debt service requirements to maturity for temporary notes - to be paid through the issuance of general
obligation bonds:
Temporary Notes - Primary Government
Notes Interest
Year Outstanding Due Total
2005 $ 4,675,000 $ 139,667 $ 4,814,667
2006 21,211 21,211
2007 2,200,000 116,278 2,316,278
Total
$
6,875,000 $
277,156 $
7, 152, 156
Temporary Notes - Component Units
Notes Interest
Year Outstandina Due Total
2006 $ 3,255,000 $ 152,334 $ 3,407,334
42
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STA-rEMENTS
December 31, 2004
D. Long-Term Debt (Continued)
Note 4. DETAILED NOTES ON ALL FUNDS (Continued)
The City has engaged in loans in which they have yet to receive all of the proceeds. The following displays
annual debt service requirements to maturity for loans payable to be paid from service revenues, for the full
proceeds amount:
Year
2005
2006
2007
2008
2009
2010-2014
2015-2019
2020-2023
Total
Year
2005
2006
2007
Total
Loans - Primary Government
Bonds Interest
Outstandina Due T ota I
$ 316,661 $ 296,049 $ 612,710
330,105 283,725 613,830
344,120 270,878 614,998
358,731 257,484 616,215
373,962 243,521 617,483
2,121,898 986,518 3,108,416
2,612,304 536,959 3,149,263
1,319,483 94,675 1,414,158
$ 7,777,264 $ 2,969,809 $ 10,747,073
Loans - Component Unit
Bonds Interest
Outstandina Due Total
$ 54, 1 09 $ 3,043 $ 57, 152
55,184 1,955 57, 139
56,300 846 57,146
$ 165,593 $ 5,844 $ 171 ,437
Annual debt service requirement to maturity for Special Assessment Debt to be paid from rental revenue:
Special Pssessment Debt - Component Unit
Assessment Interest
Year Outstandina Due Total
2005 $ 32,056 $ 18,038 $ 50,094
2006 33,271 16,824 50,095
2007 34,533 15,562 50,095
2008 35,841 14,254 50,095
2009 37,200 12,894 50,094
2010-2013 163,444 36,933 200,377
2014-2016 139,572 10,711 150,283
Total $ 475,917 $ 125,216 $ 601,133
43
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STA-rEMENTS
December 31, 2004
Note 4. DETAILED NO-rES ON ALL FUNDS (Continued)
D. 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. -rhe
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 of the City to the extent of property owner defaults, which have historically been immaterial.
Conduit debt. The City has entered into several conduit debt arrangements wherein the City issues industrial
revenue bonds to finance a portion of the construction of facilities by private enterprises. In return, the private
enterprises have executed mortgage notes or leases with the City. The City is not responsible for payment of
the original bonds, but rather the debt is secured only by the cash payments agreed to be paid by the private
enterprises under the terms of the mortgage or lease agreements. Generally, the conduit debt is arranged so
that payments required by the private enterprises are equal to the mortgage payments schedule related to the
original debt. At December 31, 2004, total outstanding conduit debt was $79,989,686.
E. Capital Leases
The City has entered into a lease agreement as lessee for financing the acquisition of equipment. This lease
agreement qualifies as a capital lease for accounting purposes and, therefore, has been recorded at the
present value of the future minimum lease payments as of the date of inception.
Governmental
Activities
Assets
Other equipment $ 60,000
Minimum future lease payments under capital leases as of December 31, 2004 are:
2005
2006
Governmental
Activities
$ 21,708
21 ,708
43,416
[2,266}
41 , 1 50
$
Total minimum lease payments
Less amount representing interest
Present value of future minimum lease payments
44
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STA-rEMENTS
December 31, 2004
Note 4. DETAILED NOTES ON ALL FUNDS (Continued)
F. Reconciliation of Transfers
A reconciliation of interfund transfers follows:
Transfer In Transfer Out
Major Funds:
General fund $ 133,629 $ 170,856
Tourism and convention fund 342,809
Special gas fund 279,908 21,525
Bicentennial center fund 492,809
Debt service 811
Capital project fund 124,345 329,753
Other governmental funds 34,918 222, 170
water and sewer fund 39,084 62,640
I nternal service funds 44,249
Total Transfers $ 1,149,753 $ 1,149,753
The City uses interfund transfers to share administrative costs between funds.
Note 5. OTHER INFORMATION
A. Defined Benefit Pension Plan
Plan descn"ption. The City participates in the Kansas Public Employees Retirement System (KPERS) and the
Kansas Police and Firemen's Retirement System (KP&F). Both are cost-sharing multiple-employer defined
benefit pension plans as provided by Kansas statutes (KSA 74-4901 et seq). KPERS and KP&F provide
retirement benefits, life insurance, disability income benefits and death benefits. Kansas law established and
amends benefit provisions. KPERS and KP&F issue a publicly available financial report that includes financial
statements and required supplementary information. Those reports may be obtained by writing to 611 South
Kansas, Suite 100; Topeka, Kansas 66603 or by calling 1-888-275-5737.
Funding Policy. K.S.A. 74-4919 establishes the KPERS member-employee contribution rate at 4% of covered
salary. K.S.A. 74-4975 establishes the KP&F member-employee contribution rate at 70/0 of covered salary.
The employer collects and remits member-employee contributions according to the provisions of section 414
(h) of the Internal Revenue Code. State law provides that the employer contribution rates be determined
annually based on the results of an annual actuarial valuation. KPERS and KP&F are funded on an actuarial
reserve basis. State law sets a limitation on annual increases in the employer contribution rates. The KPERS
employer rate was 3.220k from January 1 to June 30, 2004 and 3.82% from July 1 to December 31, 2004.
The City employer contributions to KPERS for the years ending December 31, 2004, 2003, and 2002 were
$375,084, $334,377 and $347,505, respectively, equal to the required contributions for each year. The KP&F
employer rate established for fiscal years beginning in 2004 is 12.980/0. Employers participating in KP&F also
make contributions to amortize the liability for past service costs, if any, which are determined separately for
each participating employer. The City's contributions to KP&F for the years ended December 31, 2004, 2003,
and 2002 were $962,807, $781,320 and $735,657, respectively, equal to the required contributions for each
year.
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. The 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.
45
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STA-rEMENTS
December 31, 2004
Note 5. O-rHER INFORMA-rION (Continued)
C. Flexible Benefit Plan (I.R.C. Section 125)
-rhe 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 of her salary to purchase benefits offered through the Plan. Benefits offered through the Plan include
various insurance and disability benefits.
D. Risk Man~gement
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 if reported in the Workers' Compensation
Reserve Fund because it is expected to be liquidated with expendable available financial resources. Of the
liability, $261,335 is considered to be due within one year. Changes in the balances of claims liabilities
during the past two years are as follows:
2004 2003
Unpaid claims, January 1 $ 247,459 $ 144,964
Incurred claims (including
IBNRs) 281,750 294,845
Claim payments [192,000] [192,350]
Unpaid claims, December 31 $ 337,209 $ 247,459
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 in the
Health Insurance Fund because it is expected to be liquidated with expendable available financial resources.
-rherefore, 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:
2004 2003
Unpaid claims, January 1 $ 374,346 $ 447,253
I ncurred claims (including
IBNRs) 2,774,366 3,492,899
Claim payments [2,846,780] [3,565,806]
Unpaid claims, December 31 $ 301,932 $ 374,346
46
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STA~rEMENTS
December 31,2004
Note 5. OTHER INFORMATION (Continued)
E. Capital Projects
Capital projects often extend over two or more fiscal years. -rhe following is a schedule which compares the
project authorization including 'allowable interest revenue to total project expenditures from project inception
to December 31, 2004.
Proiect
Cedar Ridge Addition and Drive
South Ohio Water Line Ext
2004 Subdivisions
Bi Center HV AC
North 9th Bridge
Lakewood Bridge
Bill Burke Soccer
RiverRun Subdivision
North Broadway Corridor
West Grand
Museum Gallery
Fire Station #2 Renovation
N Ohio Grade Separation
Marymount Extension
South Ohio Corridor
Soccer Complex
F. Contingent Liabilities
Authorization
$ 1,195,878
500,000
462,224
500,000
375,000
150,000
300,000
2,358,962
1,800,000
1 ,200,000
4,000,000
282,761
2,830,000
Expenditures
$ 1,002,754
275,088
953,427
313,962
363,033
208,126
173,916
32,227
279,908
37,440
6,500
4,047,334
43,300
5,994
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, 2004.
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.
47
CITY OF SALINA, KANSAS
NOTES TO THE BASIC FINANCIAL STA-rEMENTS
December 31, 2004
Note 5. OTHER INFORMATION (Continued)
G. 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 $1,761,260 reported as landfill closure and postclosure care liability at December 31 represents the
cumulative amount reported to date based on the use of 29.60/0 of the estimated capacity of the landfill. The
City's solid waste fund will recognize the remaining estimate cost of closure and postclosure care of
$3,599,610 as the remaining estimated capacity is filled over the remaining life expectancy of 81 years.
These amounts are based on what it would cost to perform all closure and postclosure care in 2004. Actual
cost may be higher due to inflation, changes, in technology or changes in regulations. -rhe 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.
H. 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
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.
The Salina Airport Authority has been involved in discussions with the Corps of Engineers, Environmental
Protection Agency, and the Kansas Department of Health and Environment relative to the former Schilling air
Force Base (the Base) in Salina, Kansas. The Base was operational from 1942 to 1965 when it was
decommissioned and became the current Salina Municipal Airport and Salina Airport Industrial Center. During
its period of operation, the Base was used for large aircraft including B-17s, B-29s, B-47s and the refueling
KC-97s and KC-135s. The Army Corps of Engineers did a removal of 107 former underground storage tanks
at the former Base in 1995. In addition to efforts by the Corps of Engineers, the Environmental Protection
Agency has conducted an Expanded Site Investigation (ESI) to determine all sources of potential
contamination at the Site. Once the additional information gathering effort has been conducted and all parties
know the nature and extent of contamination, it is anticipated that there will be a discussion with respect to
cleanup options and allocation of responsibility. At this time, the Authority does not know specifically whether
the City of Salina or the Authority will have cleanup obligations.
48
This page intentionally left blank.
REQUIRED SUPPLEMENTARY INFORMATION
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
GENERAL FUND
For the Year Ended December 31, 2004
Variance with
Final Budget
Budaeted Amounts Positive
Actual Oriainal Final rNeaative 1
Revenues
Taxes
Real estate taxes $ 2,065,791 $ 2,081,101 $ 2,081,101 $ [15,310]
Del i nquent taxes 71,099 50,000 50,000 21,099
Motor vehicle taxes 325,603 292,037 292,037 33,566
General sales tax 10,500,582 10,231,000 10,231,000 269,582
Selective sales tax 1,653,401 1,635,000 1,635,000 18,401
Other taxes 2,000,437 1,975,000 1,975,000 25,437
Total taxes 16,616,913 16,264,138 16,264,138 352,775
Charges for Services
General charges 123,118 8,000 8,000 115,118
General government 6,560 9,000 9,000 [2,440]
Public safety 2,770,191 2,645,354 2,645,354 124,837
Public works 155,428 175,000 175,000 [19,572]
Health and sanitation 41,915 24,000 24,000 17,915
Culture and recreation 501,385 513,000 513,000 [11,615]
Community and economic development 10,955 10,500 1 0,500 455
Total charges for services 3,609,552 3,384,854 3,384,854 224,698
Operating grants, restricted
General grants 136,218 161,424 161,424 [25,206]
Public safety 749,560 732,000 732,000 17,560
Total operating grants, restricted 885,778 893,424 893,424 [7,646]
Operating grants, unrestricted
Public safety 5,015 5,015
Public works 2,100 1,000 1,000 1,100
Total operating grants, unrestricted 7,115 1,000 1,000 6,115
Interest income
General interest 102,684 150,000 150,000 [47,316]
Total interest income 102,684 150,000 150,000 [47,316]
Interfund services provided
General services 616,737 716,500 716,500 [99,763]
General government 1,104,955 1,050,455 1,050,455 54,500
Community and economic development 100,000 100,000 100,000
Total interfund services provided 1,821,692 1 ,866,955 1,866,955 [45,263]
Miscellaneous revenues
General miscellaneous revenues 30,959 57,500 57,500 [26,541 ]
Public safety 105 105
Public works 70,456 32,000 32,000 38,456
Community and economic development 202 202
Total miscellaneous revenues 1 01,722 89,500 89,500 12,222
Proceeds of fixed assets
General sales 129 30,000 30,000 [29,871]
Public Safety 1,100 1,100
Total proceeds of fixed assets 1,229 30,000 30,000 [28,771]
Total revenues 23,146,685 22,679,871 22,679,871 466,814
See independent auditor's report on the financial statements.
49
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
GENERAL FUND
For the Year Ended December 31, 2004
Variance with
Final Budget
Budaeted Amounts Positive
Actual Oriainal Final rNeaative 1
Expenditures
General Government
City commission $ 103,934 $ 105,450 $ 105,450 $ 1,516
City manager 338,807 414,750 415,750 76,943
Legal 169,840 131,300 131,300 [38,540]
Finance 386,947 410,680 417,541 30,594
Human resources 208,523 202,597 214,181 5,658
Other general government 931,057 829,337 709,337 [221,720]
Contingencies 51,340 200,000 200,000 148,660
Total general government 2,190,448 2,294,114 2,193,559 3,111
Public Safety
Police 4,617,617 4,876,358 4,875,158 257,541
Municipal court 955,411 859,020 903,620 [51,791]
Fire 4,414,455 4,364,920 4,369,420 [45,035]
Total public safety 9,987,483 10,100,298 10,148,198 160,715
Public Works
Buildings and general improvements 683,675 693,633 696,433 12,758
Engineering 516,402 51 0, 138 510,138 [6,264 ]
Streets 1,172,832 1,210,139 1,210,139 37,307
Flood works 125,953 136,225 136,225 10,272
Traffic control 520,786 568,587 562,646 41,860
Parks 992,817 1,001,676 1,008,378 15,561
ADA compliance 12,233 25,000 25,000 12,767
Total public works 4,024,698 4,145,398 4,148,959 124,261
Public Health and Sanitation
Cemetery 82,790 82,038 82,038 [752]
Health department 740,448 740,448 740,448
Total public health and sanitation 823,238 822,486 822,486 [752]
Culture and Recreation
Swimming pools 68,047 75,900 75,900 7,853
Neighborhood centers 47,724 55,449 55,449 7,725
Recreation 1,163,788 1,167,148 1,167,148 3,360
Arts and humanities 286,174 302,695 302,695 16,521
Smoky Hill museum 316,546 310,060 310,060 [6,486]
Total culture and recreation 1,882,279 1,911,252 1,911,252 28,973
Community Development
Human relations 184,914 178,514 1841614 [300]
Development services 900,803 934,978 968,498 67,695
Agency contracts 1,896,726 1,876,000 1,876,000 [20,726]
Total community development 2,982,443 2,989,492 3,029,112 46,669
Capital Outlay
Capital outlay 732,119 968,697 969,697 237,578
Cash Reserve 3,713,636 3,702,110 3,702,110
Total expenditures 22,622,708 26,945,373 26,925,373 4,302,665
Excess [deficiency] of revenues
over [under] expenditures 523,977 [4,265,502] [4,245,502] 4,769,479
See independent auditors report on the financial statements.
50
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
GENERAL FUND
For the Year Ended December 31,2004
Other financing sources [uses]
Transfer in
Transfer [out]
Variance with
Final Budget
Budaeted Amounts Positive
Actual Oriainal Final rNeaative 1
$ 133,629 $ - $ - $ 133,629
[170,856l [150,0001 [170,000] [856J
[37,227] [150,OOO} [170,000] 132,773
Total other financing sources [uses]
Excess [deficiency] of revenues
and other sources over [under]
expenditures and other [uses]
Prior year cancelled encumbrances
486,750 [4,415,502] [4,415,502} 4,902,252
5,256,227 4,415,502 4,415,502 840,725
13,934 13,934
5,756,911 $ - $ - $ 5,756,911
36,023
1,254,555
103,464
160,350
$ 7,311,303
Unreserved fund balance, January 1
Unreserved fund balance, December 31
Reconciliation to GAAP
I nterest receivable
Accounts receivable
Inventory
Encumbrances
GAAP Fund Balance, December 31
See independent auditor's report on the financial statements.
51
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDrrURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
EMPLOYEE BENEFITS FUND
For the Year Ended December 31, 2004
Miscellaneous revenues
General miscellaneous revenues
Variance with
Final Budget
Budaeted Amounts Positive
Actual Oriainal Final rNeaative 1
$ 4,015,801 $ 4,009,997 $ 4,009,997 $ 5,804
95,570 55,000 55,000 40,570
445,649 400,175 400,175 45,474
4,557,020 4,465,172 4,465, 172 91,848
2,000 2,000 [2,000]
4,557,020 4,467, 172 4,467,172 89,848
Revenues
Taxes
Real estate taxes
Delinquent taxes
Motor vehicle taxes
Total taxes
Total revenues
Expenditures
General Government
City commission
City manager
Finance
Human resources
Total general government
1,422 1,420 1 ,420 [2]
76,809 84,461 84,461 7,652
82,364 87,266 87,266 4,902
41,857 41 ,638 41,638 [219]
202,452 214,785 214,785 12,333
1,245,986 1,207,499 1,207,499 [38,487]
114,970 114,213 114,213 [757]
1,287,958 1,217,042 1,217,042 [70,916]
2,648,914 2,538,754 2,538,754 [110,160)
77,605 69,892 69.892 [7,713]
120,483 118,783 118,783 [1,700]
264,769 287,447 287,447 22,678
36,479 35,679 35,679 [800]
23,498 43,440 43,440 19,942
227,864 237,322 237,322 9,458
750,698 792,563 792,563 41,865
Public Safety
Police
Municipal court
Fire
Total public safety
Public Works
Buildings and general improvements
Engineering
Streets
Flood works
Traffic control
Parks
Total public works
See independent auditor's report on the financial statements.
52
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDITLIRES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
EMPLOYEE BENEFITS FUND
For the Year Ended December 31,2004
Variance with
Final Budget
BudQeted Amounts Positive
Actual Oriqinal Final rN eaative 1
Expenditures - continued
Public Health and Sanitation
Cemetery $ 24,361 $ 27,335 $ 27,335 $ 2,974
Culture and Recreation
Swimming pools 3,647 4,707 4,707 1,060
Neighborhood centers 3,431 3,617 3,617 186
Recreation 149,034 148,961 148,961 [73]
Bi-Centennial Center 181,808 176,668 176,668 [5,140]
Arts and humanities 57,002 63,580 63,580 6,578
Smoky Hill museum 59,578 60,926 60,926 1,348
Total culture and recreation 454,500 458,459 458,459 3,959
Community Development
Human relations 40,871 37,677 37,677 [3,194]
Developmental services 182,473 206,790 206,790 24,317
Total community development 223,344 244,467 244,467 21,123
Other
Health insurance 5,373 12,000 12,000 6,627
Cash Reserve 400,000 400,000 400,000
Total expenditures 4,309,642 4,688,363 4,688,363 378,721
Excess [deficiency] of revenues
over [under] expenditures 247,378 [221, 191 ] [221 , 191 ] 468,569
GAAP Fund balance, January 1 364,888 221 ,191 221 , 191 143,697
GAAP Fund balance, December 31 $ 612,266 $ - $ - $ 612,266
See independent auditor's report on the financial statements.
53
CITY OF SALINA1 KANSAS
SCHEDULE OF REVENUES, EXPENDrrLIRES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
FLOOD AND DRAINAGE IMPROVEMENT FL'ND
For the Year Ended December 31,2004
Variance with
Final Budget
Budaeted Amounts Positive
Actual Oriainal Final rNeaative 1
Revenues
Taxes
Real estate taxes $ 318,585 $ 317,954 $ 317,954 $ 631
Delinquent taxes 9,349 3,000 3,000 6,349
Motor vehicle taxes 43,637 39,157 391157 4,480
Total taxes 3711571 360,111 360, 111 11,460
Total revenues 371 ,571 360, 111 360, 111 11 ,460
Expenditures
Capital Outlay
Capital outlay 157,395 350,000 350,000 192,605
Debt Service 100,000 100,000 100,000
Cash Reserve 167,569 167,569 167,569
Total expenditures 257,395 617,569 617,569 360,174
Excess [deficiency] of revenues
over [under] expenditures 114, 176 [257,458] [257,458] 371,634
Unreserved fund balance, January 1 346,379 257,458 257,458 88,921
Prior year cancelled encumbrances 7,990 7,990
Unreserved fund balance, December 31 468,545 $ - $ - $ 468,545
Reconciliation to GAAP
Current Year Encumbrances 521603
GAAP Fund Balance, December 31 $ 521 , 148
See independent auditor's report on the financial statements.
54
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
TOURISM AND CONVEN-rION FLIND
For the Year Ended December 31, 2004
Actual
Budaeted Amounts
Oriainal Final
Revenues
Taxes
Other taxes
$ 805,775 $ 775,000 $ 805,775 $
Interest income
General interest
381
Total revenues
806,156
805,775
775,000
Expenditures
Community Development
Tourism
465,000
465,000
465,000
Total expenditures
465,000
465,000
465,000
Excess [deficiency] of revenues
over [under] expenditures
341 , 156
310,000
340,775
Other financing sources [uses]
Transfer [out]
[310,0001
[345,000]
[342,809]
Excess [deficiency} of revenues
and other sources over [under}
expenditures and other [uses]
[1,653J
[4,225}
Unreserved fund balance, January 1
56,654
56,654
Unreserved fund balance, December 31
55,001 $
- $
52,429 $
Reconciliation to GAAP
Accounts receivable
Interest receivable
211,878
321
GAAP Fund Balance, December 31
$ 267,200
See independent auditor's report on the financial statements.
55
Variance with
Final Budget
Positive
rNeaativel
381
381
381
2, 191
2,572
2,572
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
SPECIAL GAS FUND
For the Year Ended December 31, 2004
Variance with
Final Budget
Budaeted Amounts Positive
Actual Oriainal Final rNeaativel
Revenues
Operating grants, restricted
Public works $ 1,444,934 $ 1,500,000 $ 1,500,000 $ [55,066]
Interest income
General interest 16,875 10,000 10,000 6,875
Interfund services provided
Public works 500 500
Total revenues 1,462,309 1,510,000 1,510,000 [47,691 ]
Expenditures
Public works
Streets 324,260 379,833 379,833 55,573
Capital Outlay
Capital outlay 1,762,950 1,375,000 1,375,000 [387,950]
Adjustment for qualifying budget credits 279,908 279,908
Cash Reserve 212,583 212,583 212,583
Total expenditures 2,087,210 1,967,416 2,247,324 160, 114
Excess [deficiency] of revenues
over [under] expenditures [624,901] [457,416] [737,324] 112,423
Other financing sources [uses]
Transfer in 279,908 279,908
Transfer [out] [21,525] [21,525]
Excess [deficiency] of revenues
and other sources over [under]
expenditures and other [uses] [366,518] [457,416] [457,416] 90,898
Unreserved fund balance, January 1 744,360 457,416 457,416 286,944
Prior year cancelled encumbrances 50,009 50,009
Unreserved fund balance, December 31 427,851 $ - $ - $ 427,851
Reconciliation to GAAP
Taxes receivable 457,693
Interest receivable 5,536
Current year encumbrances 491 ,097
GAAP Fund Balance, December 31 $ 1,382,177
See independent auditor's report on the financial statements.
56
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
BICENTENNIAL CENTER FLIND
For the Year Ended December 31, 2004
Variance with
Final Budget
Budaeted Amounts Positive
Actual Oriainal Final rNeaativel
Revenues
Charges for services
Culture and recreation $ 839,517 $ 875,609 $ 875,609 $ [36,092]
I nterest income
General interest 1,368 5,000 5,000 [3,632J
Miscellaneous revenues
General miscellaneous revenues 103 103
Total revenues 840,988 880,609 880,609 [39,621 ]
Expenditures
Culture and Recreation
Bi-Centennial Center 1,310,246 1,314,872 1,314,872 4,626
Capital Outlay
Capital outlay 2,097 20,600 20,600 18,503
Cash Reserve 200,000 200,000 200,000
Total expenditures 1,312,343 1,535,472 1,535,472 223,129
Excess [deficiency] of revenues
over [underJ expenditures [471,355] [654,863] [654, 863} 183,508
Other financing sources [uses]
Transfer in 492,809 460,000 460,000 32,809
Total other financing sources [usesJ 492,809 460,000 460,000 32,809
Excess [deficiency} of revenues
and other sources over [under]
expenditures and other [uses] 21,454 [194,863J [194,863] 216,317
Unreserved fund balance, January 1 230,505 194,863 194,863 35,642
Unreserved fund balance, December 31 251,959 $ - $ - $ 251,959
Reconciliation to GAAP
Accounts receivable 3,367
I nterest receivable 1,577
GAAP Fund Balance, December 31 $ 256,903
See independent auditor's report on the financial statements.
57
COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES
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.
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.
Bicentennial center event fund - To account for the revenues and expenses associated with special events
(concerts, shows, etc.) at the City's convention center.
HUD community development fund - To account for grants received from the state to be used for housing or
economic development purposes.
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.
Heritage commission fund - To account for revenues and expenses associated with heritage preservation activities.
Sales tax capital fund - To account for 87.5% of the 1/4 cent sales tax designated for capital, debt, and human
services purposes.
Sales tax economic development fund - To account for 12.50Jb of the 1/4 cent sales tax designated for economic
Development purposes.
Fair housing fund - To account for grants received from the federal government to be used to monitor and mediate
fair housing complaints.
CDBG ED fund- To account for grants received from the federal government to be used for economic development
loans to qualifying businesses.
HOME IV fund - To account for grants received from the state government to be used for housing rehabilitation.
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.
Fair housing partnership - To account for revenues and expenses associated with fair housing complaints.
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
D.A.R.E. donations fund - To account for donations to the D.A.R.E. program.
Large system interface fund - To account for grants received for the acquisition of computers and software used in
law enforcement activities.
War memorial maintenance fund - To account for monies to be used for maintenance of the local war memorial.
58
CITY OF SALINA, KANSAS
COMBINING STATEMENTS - NONMAJOR FLINDS
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.
59
CITY OF SALINA, KANSAS
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
December 31,2004
Total Total Total
Nonmajor Nonmajor Nonmajor
Special Revenue Permanent Governmental
Funds Funds Funds
ASSETS
Cash and investments $ 1,419,089 $ 325,352 $ 1,744,441
Receivables
Accounts 27,070 27,070
Interest 8,119 1,896 10,015
Notes 5,527 5,527
Total assets $ 1,459,805 $ 327,248 $ 1,787,053
LIABILI1-IES AND FUND BALANCES
Liabilities:
Accounts payable $ 14,595 $ - $ 14,595
T otalliabilities 14,595 14,595
Fund balances:
Reserved for encumbrances 18, 188 18,188
Reserved for notes receivable 5,527 5,527
Unreserved
Undesignated 1,421,495 327,248 1,748,743
Total fund balances 1,445,210 327,248 1,772,458
Total liabilities and fund balances $ 1,459,805 $ 327,248 $ 1,787,053
See independent auditor's report on the financial statements.
60
CITY OF SALINA, KANSAS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FL~ND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
For the Year Ended December 31,2004
Total Total Total
Nonmajor Nonmajor Nonmajor
Special Revenue Permanent Governmental
Funds Funds Funds
REVENUES
Taxes $ 610,805 $ - $ 610,805
Intergovernmental 315,475 315,475
Charges for services 880,054 7,035 887,089
Licenses and permits 18,400 18,400
Investment revenue 172,789 5,058 177,847
Miscellaneous 116,281 116,281
Total revenues 2,113,804 12,093 2,125,897
EXPENDITURES
Current
Culture and recreation 809,997 809,997
Public health and sanitation 131,420 131,420
Planning and development 283,850 283,850
Miscellaneous 35 35
Capital outlay 134,366 134,366
Total expenditures 1,359,633 35 1,359,668
Excess [deficiency] of revenues
over [under] expenditures 754,171 12,058 766,229
Other financing sources [uses]
Transfers in 34,918 34,918
Transfers [out] [222, 170] [222, 170]
Total other financing sources [uses] [187,252] [187,252]
Net change in fund balance 566,919 12,058 578,977
Fund balance - Beginning of year 887,457 315, 190 1,202,647
Prior period adjustment [9,166} [9,166]
Fund balance - Beginning of year, restated 878,291 315,190 1,193,481
Fund balance - End of year $ 1,445,210 $ 327,248 $ 1,772,458
See independent auditor's report on the financial statements.
61
CITY OF SALINA, KANSAS
COMBINING BALANCE SHEET
NONMAJOR SPECIAL REVENUE FUNDS
December 31, 2004
Business Special
Improvement Neighborhood Parks & Special
District Park Recreation Alcohol
ASSETS
Cash and investments $ 3,770 $ 152,885 $ 84,776 $ 15,385
Receivables
Accounts 26,570
Interest 22 891 494 90
Notes
Total assets $ 30,362 $ 153,776 $ 85,270 $ 15,475
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 3,757 $ - $ 8,857 $
Total liabilities 3,757 8,857
Fund balance:
Reserved for encumbrances 18, 188
Reserved for notes receivable
Unreserved
Undesignated [deficit] 26,605 153,776 58,225 15,475
Total fund balance [deficit] 26,605 153,776 76,413 15,475
Total liabilities and fund balances $ 30,362 $ 153,776 $ 85,270 $ 15,475
Bicentennial HUD Comm. Sales Tax
Center Community Development. Heritage Sales Tax Economic
Event Dev. Revolvina Commission Capital Develooment
$ 26,474 $ 60,422 $ 180,596 $ 1,081 $ 536,583 $ 76,697
352 1,053 6 3,128 447
5.527
$ 26,474 $ 66,301 $ 181,649 $ 1,087 $ 539,711 $ 77, 144
$
- $
- $
- $
- $
- $
5,527
26,474
26,474
60,774
66,301
181,649
181,649
1,087
1,087
539,711
539,711
77,144
77,144
$
26,474 $
66,301 $ 181,649 $
1,087 $ 539,711 $
77, 144
See independent auditor's report on the financial statements.
62
CITY OF SALINA, KANSAS
COMBINING BALANCE SHEET
NONMAJOR SPECIAL REVENUE FUNDS
December 31, 2004
Special
Fair CDBG HOME Law
Housina ED IV Enforcement
ASSETS
Cash and investments $ 204,649 $ - $ - $ 12,290
Receivables
Accounts
Interest 1 , 193 72
Notes
Total assets $ 205,842 $ - $ - $ 12,362
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 1,981 $ - $ - $
Total liabilities 1,981
Fund balance:
Reserved for encumbrances
Reserved for notes receivable
Unreserved
Undesignated [deficit] 203,861 12,362
Total fund balance [deficit] 203,861 12,362
Total liabilities and fund balances $ 205,842 $ - $ - $ 12,362
Fair Large War
Housing Police DARE System Memorial
Part. Grants Donations Interface Maintenance Totals
$ - $ - $ 29,756 $ - $ 33,725 $ 1,419,089
500 27,070
173 198 8,119
5,527
$ - $ - $ 301429 $ - $ 33,923 $ 1 ,459,805
$
- $
- $
- $
- $
- $
14,595
14,595
18,188
5,527
30,429 33,923 1,421,495
30,429 33,923 1,445,210
$ - $ - $ 30,429 $ - $ 33,923 $ 1,459,805
See independent auditor's report on the financial statements.
63
CITY OF SALINA, KANSAS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
NONMAJOR SPECIAL REVENUE FUNDS
For the Year Ended December 31,2004
Business Special
Improvement Neighborhood Parks & Special
District Park Recreation Alcohol
Revenues
Taxes $ - $ - $ - $
Intergovernmental 134,088 134,089
Charges for services 88,501
Licenses and permits 18,400
Investment revenue 92 2,351 1 ,240
Miscellaneous
Total Revenues 88,593 20,751 135,328 134,089
Expend itu res
Current
Culture and recreation
Public health and sanitation 131,420
Planning and development 85,989
Capital outlay 110,269
Total Expenditures 85,989 110,269 131,420
Excess [deficiency] of revenues over
[under] expenditures 2,604 20,751 25,059 2,669
Other financing sources [uses]
Transfers in
Transfers [out] [50,000]
Total other financing sources [uses} r50.0001
Net change in fund balance 2,604 20,751 [24,941 ] 2,669
Fund balance, beginning of year 24,001 133,025 101,354 12,806
Prior period adjustment
Fund balance, beginning of year, restated 24,001 133,025 101,354 12,806
Fund balance, end of year $ 26,605 $ 153,776 $ 76,413 $ 15,475
Sicenten nial HUD Community Sales Tax
Center Community Development Herit~ge Sales Tax Economic
Event Development Revolvina Commission Capital Development
$ - $ - $ - $ - $ 534,455 $ 76,350
791 ,553
940 2,803 17 5,256 794
7,222
791,553 940 10,025 17 539,711 77, 144
809,997
3,639
450
809,997
3,639
450
[18,444]
[2,699]
10,025
[433]
539,711
77,144
[18,444]
[2,699J
10,025
[433 ]
539,711
77, 144
44,918
69,000
180,790
1,520
[9,166]
441918
69,000
171,624
1,520
$
26,474 $
66,301 $ 181,649 $
1,087 $ 539,711 $
77,144
See independent auditor's report on the financial statements.
64
CITY OF SALINA, KANSAS
COMBINING STA-rEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
NONMAJOR SPECIAL REVENUE FUNDS
For the Year Ended December 31, 2004
Special
Fair CDBG HOME Law
Housina ED IV Enforcement
Revenues
Taxes $ - $ - $ - $
Intergovernmental
Charges for services
Licenses and permits
Investment revenue 157,453 192
Miscellaneous 319 31,908
Total Revenues 157,772 31,908 192
Expend itu res
Current
Culture and recreation
Public health and sanitation
Planning and development 130,864 31 ,908
Capital outlay
Total Expenditures 1301864 31,908
Excess [deficiency] of revenues over
[under] expenditures 26,908 192
Other financing sources [uses]
Transfers in 34,293 625
Transfers [out] [11,469]
Total other financing sources [uses] 341293 625 [11,469]
Net change in fund balance 61,201 625 [11,469) 192
Fund balancel beginning of year 142,660 [625] 11 ,469 121170
Prior period adjustment
Fund balance, beginning of year, restated 142,660 [625] 11 ,469 12,170
Fund balance, end of year $ 203,861 $ - $ - $ 12,362
Fair Large War
Housing Police DARE System Memorial
Partnership Grants Donations I nte rface Maintenance Totals
$ - $ - $ - $ - $ - $ 610,805
47,298 315,475
880,054
18,400
182 944 525 172,789
75, 152 1,680 116,281
75,152 47,480 2,624 525 2,113,804
See independent auditor's report on the financial statements.
65
ASSETS
Cash and investments
I nterest receivable
Total assets
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable
Total liabilities
Fund balances
Unreserved
Undesignated
Total liabilities and fund balances
CITY OF SALINA, KANSAS
COMBINING BALANCE SHEET
NONMAJOR PERMANENT FUNDS
December 31, 2004
Cemetery
Endowment
Mausoleum
Endowment
Tricentennial
Commission
$
291 ,679 $
1,700
28,878 $
168
$
293,379 $
29,046 $
$
- $
- $
293,379
29,046
$ 293,379 $
29,046 $
See independent auditor's report on the financial statements.
66
4,795 $
28
4,823 $
- $
4,823
Total
325,352
1,896
327,248
327,248
4,823 $ 327,248
Revenues
Charges for services
Investment revenue
Total revenues
Expenditures
Miscellaneous
Total expenditures
Net change in fund balance
CITY OF SALINA, KANSAS
COMBINING STA-rEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
NON MAJOR PERMANENT FL~NDS
For the Year Ended December 31, 2004
Cemetery Mausoleum Tricentennial
Endowment Endowment Commission Total
$ 7,035 $ - $ - $ 7,035
4,534 449 75 5,058
11 ,569 449 75 12,093
35
35
35
35
11,534
449
75
12,058
281,845
4,748
315,190
28,597
Fund balances - beginning of year
Fund balances - end of year
$ 293,379 $
29,046 $
4,823 $ 327,248
See independent auditor's report on the financial statements.
67
CITY OF SALINA, KANSAS
SCHEDULE OF REVENLIES, EXPENDITURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
BUSINESS IMPROVEMENT DISTRICT FUND
For the Year Ended December 31, 2004
Interest income
General interest
Variance with
Final Budget
BudQeted Amounts Positive
Actual Oriainal Final rNeq ative 1
$ 87,343 $ 82,000 $ 88,000 $ [657]
100 68 32
87,443 82,000 88,068 [625]
Revenues
Charges for services
Community and Economic Development
Total revenues
Expenditures
Community Development
Business Improvement District
87,438
82,000
88,068
630
Total expend itu res
87,438
82,000
88,068
630
Excess [deficiency] of revenues
over [under] expenditures
5
5
Unreserved fund balance, January 1
8
8
Unreserved fund balance, December 31
13 $
- $
- $
13
Reconciliation to GAAP
Accounts receivable
Interest receivable
26,570
22
GAAP Fund Balance, December 31
$
26,605
See independent auditor's report on the financial statements.
68
CITY OF SALINA, KANSAS
SCHEDULE OF REVENLIES, EXPENDITLIRES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
NEIGHBORHOOD PARK FLIND
For the Year Ended December 31, 2004
Interest income
General interest
Variance with
Final Budget
Budaeted Amounts Positive
Actual Oriainal Final rNeaativel
$ 18,400 $ 20,000 $ 20,000 $ [1,600]
2,173 2,000 2,000 173
20,573 22,000 22,000 [1,427]
Revenues
Charges for services
Public works
Total revenues
Expenditures
Cash Reserve
153,810
153,810
153,810
Total expenditures
153,810
153,810
153,810
Excess [deficiency] of revenues
over [under] expenditures
20,573 [131,810] [131,810] 152,383
Unreserved fund balance, January 1
132,312 131,810 131,810 502
Unreserved fund balance, December 31
152,885 $ - $ - $ 152,885
Reconciliation to GAAP
I nterest receivable
891
GAAP Fund Balance, December 31
$ 153,776
See independent auditor's report on the financial statements.
69
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDITLIRES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
SPECIAL PARKS AND RECREATION FLIND
For the Year Ended December 31, 2004
Variance with
Final Budget
Budaeted Amounts Positive
Actual Oriqinal Final rNeaativel
Revenues
Operating grants, restricted
Culture and recreation $ 134,088 $ 131,424 $ 131,424 $ 2,664
Interest income
General interest 1,330 2,000 2,000 [670].
Total revenues 135,418 133,424 133,424 1,994
Expenditures
Public works
Contingency 8,604 50,000 [8,604]
Capital Outlay
Capital outlay 119,853 80,000 180,000 60,147
Cash Reserve 78,444 28,444 28,444
Total expenditures 128,457 208,444 208,444 79,987
Excess [deficiency] of revenues
over [under] expenditures 6,961 [75,020J [75,020] 81,981
Other financing sources [uses]
Transfer [out] [50,0001 [50,000]
Excess [deficiency] of revenues
and other sources over [under]
expenditures and other [uses] [43,039] [75,020] [75,020] 31,981
Unreserved fund balance, January 1 100,770 75,021 75,021 25,749
Unreserved fund balance, December 31 57,731 $ 1 $ 1 $ 57,730
Reconciliation to GAAP
Current year encumbrances 18,188
Interest receivable 494
GAAP Fund Balance, December 31 $ 76,413
See independent auditor's report on the financial statements.
70
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDrrURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
SPECIAL ALCOHOL FL~ND
For the Year Ended December 31, 2004
I nterest income
General interest
Variance with
Final Budget
Budaeted Amounts Positive
Actual Oriainal Final rNeaative 1
$ 134,088 $ 131,424 $ 131,424 $ 2,664
91 91
134,179 131,424 131,424 2,755
Revenues
Operating grants, restricted
Health and sanitation
Total revenues
Expenditures
Public Health and Sanitation
Special alcohol
131,423
131,424
131,424
Total expenditures
131,423
131,424
131,424
1
Excess [deficiency] of revenues
over [under] expenditures
2,756
2,756
Unreserved fund balance, January 1
12,629
2,346
2,346
10,283
Unreserved fund balance, December 31
15,385 $
2,346 $
2,346 $
13,039
Reconciliation to GAAP
Interest receivable
90
GAAP Fund Balance, December 31
$
15,475
See independent auditor's report on the financial statements.
71
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
FAIR HOUSING FUND
For the Year Ended December 31, 2004
Variance with
Final Budget
Budaeted Amounts Positive
Actual Oriainal Final rNeaativel
Revenues
Operating grants, restricted
Health and sanitation $ 319 $ - $ - $ 319
Interest income
General interest 3,414 1,000 1,000 2,414
Interfund Services Provided
Community and Economic Development 153,616 65,000 65,000 88,616
Total revenues 157,349 66,000 66,000 91,349
Expenditures
Community Development
Human relations 130,865 130,000 130,000 [865}
Cash Reserve 95,031 95,031 95,031
Total expenditures 130,865 225,031 225,031 94,166
Excess [deficiency] of revenues
over [under} expenditures 26,484 [159,0311 [159,031 ] 185,515
Other financing sources [uses]
Transfer in 34,293 34,293
Excess [deficiency] of revenues
and other sources over [under]
expenditures and other [uses] 60,777 [159,03~n [159,03~r] 219,808
Unreserved fund balance, January 1 141,891 159,031 159,031 [17,140]
Unreserved fund balance, December 31 202,668 $ - $ - $ 202,668
Reconciliation to GAAP
I nterest receivable 1,193
GAAP Fund Balance, December 31 $ 203,861
See independent auditor's report on the financial statements.
72
CITY OF SALINA, KANSAS
SCHEDL~LE OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
DEBT SERVICE FUND
For the Year Ended December 31, 2004
Variance with
Final Budget
Budaeted Amounts Positive
Actual Orioinal Final rNeaative 1
Revenues
Taxes
Real estate taxes $ 1 ,277,239 $ 1 ,275,734 $ 1,275,734 $ 1,505
Delinquent taxes 51,560 40,000 40,000 11 ,560
Motor vehicle taxes 241,846 216,922 216,922 24,924
Total taxes 1,570,645 1,532,656 1,532,656 37,989
Charges for services
Special assessments 1,340,258 1,306,661 1 ,306,661 33,597
Interest income
General interest 34,400 20,000 20,000 14,400
Miscellaneous revenues
General miscellaneous revenues 94,169 94,169
Other financing sources
General sources 1,323 1,323
Total revenues 3,040,795 2,859,317 2,859,317 181,478
Expenditures
Debt Service
Principal 2,511,317 2,418,983 2,435,227 [76,090]
Interest and other charges 796,802 1,079,099 807,332 10,530
Cash Reserve 506,790 762,313 762,313
Total expenditures 3,308,119 4,004,872 4,004,872 696,753
Excess [deficiency] of revenues
over [under] expenditures [267,324] [1,145,555] [1 ,145,555} 878,231
Other financing sources [uses]
Issuance of bonds 5,388,947 5.388,947
Payment to refunded bond escrow agent [5,388,947] [5,388,947]
Transfer in 811 811
Excess [deficiency] of revenues
and other sources over [under]
expenditures and other [uses] [266,513] [1,145,555] [1,145.555] 879,042
Unreserved fund balance,
January 1 1,575,834 1.145,555 1,145,555 430,279
Unreserved fund balance,
December 31 1,309,321 $ - $ - $ 1,309,321
Reconciliation to GAAP
Interest Receivable 7,741
GAAP Fund Balance, December 31 $ 1,317,062
See independent auditor's report on the financial statements.
73
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES
IN NET ASSETS - BUDGET AND ACTUAL (NON - GAAP BASIS)
SOLID WASTE DISPOSAL FUND
For the Year Ended December 31,2004
Actual
Budaeted Amounts
Oriainal Final
Variance with
Final Budget
Positive
rNeQativel
Revenues
Charges for services
Health and sanitation
$ 1,990,213 $ 2,330,000 $ 1,940,000 $
50,213
Interest income
General interest
38,578
20,000
20,000
18,578
I nterfund services provided
Health and sanitation
402,423
410,000
[7,577]
Miscellaneous revenues
General miscellaneous revenues
20.000
2,431,214
2,370,000
2,370,000
61,214
Total revenues
Expenditures
Public Health and Sanitation
Solid waste
Hazardous waste disposal
Total public health and sanitation
1,453,724 1,657,971 1,654,471 200,747
80,681 87,934 87,934 7,253
1,534,405 1,745,905 1,742,405 208,000
75,198 72,473 75,198
4,646 7,429 3,714 [932]
79,844 79,902 78,912 [932]
477,476 51,500 55,000 [422,476]
2,317,355 2,318,345 2,318,345
2,091,725 4,194,662 4, 194,662 2,102,937
Debt Service
Principal
Interest
Total debt service
Capital Outlay
Capital outlay
Cash Reserve
Total expenditures
Excess [deficiency] of revenues
over [under] expenditures
339,489
[1,824,662]
[1 ,824,662]
2,164,151
Unreserved fund balances, January 1
1,994,736
1,824,662
1 ,824,662
170,074
Unreserved fund balances, December 31
$ 2,334,225 $
- $
- $ 2,334,225
See independent auditor's report on the financial statements.
74
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, 2004
Interest income
General interest
I nterfund services provided
General services
Water and wastewater
Total interfund services
Variance with
Final Budget
Budceted Amounts Positive
Actual Oriainal Final rNeaativel
$ 11,973,292 $ 12,298,000 $ 12,298,000 $ [324,708}
114,090 100,000 100,000 14,090
25,094 25,000 25,000 94
22,073 22,073
47,167 25,000 25,000 22, 167
162 162
266,234 270,000 270,000 [3,766]
266,396 270,000 270,000 [3,604]
12,400,945 12,693,000 12,693,000 [292,055]
Revenues
Charges for services
Water and wastewater
Miscellaneous revenues
General miscellaneous revenues
Water and wastewater
Total miscellaneous revenues
Total revenues
Expenditures
Water and Wastewater
Water
Sewer
Total water and wastewater
6,492,542
2,447,497
8,940,039
6,924,272
2,603,522
9,527,794
6,950,529
2,603,522
9,554,051
457,987
156,025
614,012
Capital Outlay
Capital outlay
608,636
1,136,800
1,130,800
522,164
Debt Service
Interest and other
25 1,000 1,000 975
4,402,993 4,382,736 4,382,736
9,548,700 15,068,587 15.068,587 5,519,887
2,852,245 [2,375,587] [2,375,587] 5,227,832
39,084 39,084
[3,258,396] [2,416,460] [2,416,460] [841 ,936J
Cash Reserve
Total expenditures
Excess [deficiency] of revenues
over [under] expenditures
Other financing sources [uses]
Transfers in
Transfers [out]
Excess [deficiency] of revenues
and other sources over [under]
expenditures and other [uses]
Unreserved fund balances, January 1
Prior year cancelled encumbrances
Unreserved fund balances, December 31
[367,067] [4,792,047] [4,792,047] 4,424,980
6,454,723 4,792,047 4,792,047 1 ,662,676
1,470 1,470
$ 6,089,126 $ - $ - $ 6,089,126
See independent auditor's report on the financial statements.
75
Revenues
Charges for services
Health and sanitation
Interest income
General interest
Total revenues
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 31,2004
Actual
Budaeted Amounts
Oriainal Final
$ 1 ,796,202 $ 1,800,000 $ 1,800,000 $
9,458
7,000
7,000
1,805,660
1,807,000
1,807,000
Expenditures
Public Health and Sanitation
Sanitation
Capital Outlay
Capital outlay
Cash Reserve
Total expenditures
1 ,694,657
1,670,578
1,664,578
141,149
137,800
388,433
151,425
380,808
1,835,806
2,196,811
2,196,811
Excess [deficiency] of revenues
over [under} expenditures
[30,146}
[389,811 ]
[389,81 ~I]
494,614
389,811
389,811
Unreserved fund balance, January 1
$ 464,468 $
- $
Unreserved fund balances, December 31
See independent auditor's report on the financial statements.
76
Variance with
Final Budget
Positive
rNeaativel
[3,798]
2,458
[1,340]
[30,079]
10,276
380,808
361,005
359,665
104,803
- $ 464,468
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES
IN NET ASSETS - BUDGET AND ACTUAL (NON - GAAP BASIS)
GOLF COURSE DIVISION FUND
For the Year Ended December 31, 2004
Variance with
Final Budget
Budaeted Amounts Positive
Actual Oriainal Final rNeaativel
Revenues
Taxes
General sales tax $ 26,317 $ 26,000 $ 26,000 $ 317
Charges for services
Culture and recreation 764,609 807,400 807,400 [42,791 ]
Operating grants, unrestricted
General grants 10,000 10,000 [10,000]
I nterest income
General interest 2,463 4,000 4,000 [1,537]
Miscellaneous revenues
General miscellaneous revenues 914 914
Culture and recreation 21,751 6,500 6,500 15,251
Total miscellaneous revenues 22,665 6,500 6,500 16,165
Total revenues 816,054 853,900 853,900 [37,846]
Expenditures
Culture and Recreation
Golf course 749,863 779,254 750,454 591
Debt Service
Principal 15,925 21,525 15,000 [925]
Interest 2,113 3,224 2,948 835
Total debt service 18,038 24,749 17,948 [90]
Capital Outlay
Capital outlay 21,708 79,000 22,000 292
Cash reserve 137,702 230,303 230,303
Total expenditures 789,609 1,020,705 1,020,705 231,096
Excess [deficiency] of revenues
over [under] expenditures 26,445 [166,805] [166,805] 193,250
Unreserved fund balances, January 1 112,285 166,804 166,804 [54,519]
Unreserved fund balances, December 31 $ 138,730 $ [1] $ [1] $ 138,731
See independent auditor's report on the financial statements.
77
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
RISK MANAGEMENT FUND
For the Year Ended December 31,2004
Interfund services provided
General services
Variance with
Final Budget
Budaeted Amounts Positive
Actual Oriainal Final rNeaativel
$ 851 $ 2,000 $ 2,000 $ [1,149]
235,622 282,989 282,989 [47,367]
56,083 40,000 40,000 16,083
292,556 324,989 324,989 [32,433J
Revenues
Interest income
General interest
Miscellaneous revenues
General miscellaneous revenues
Total revenues
Expenditures
Other
Risk management
439,551
376,101
376,101
[63,450]
Capital Outlay
Capital outlay
Cash reserve
1,500
50,000
1,500
50,000
1,234
50,000
266
Total expenditures
439,817
427.601
427,601
[12,216]
Excess [deficiency] of revenues
over [under] expenditures
[147,261]
[102,612]
[102,612]
[44,649]
Unreserved fund balance, January 1
148,512
102,612
102,612
45,900
Unreserved fund balance, December 31
$
1,251 $
- $
- $
1,251
See independent auditor's report on the financial statements.
78
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
WORKERS' COMPENSA-rION FUND
For the Year Ended December 31, 2004
Interfund services provided
General services
Variance with
Final Budget
Budaeted Amounts Positive
Actual Oriainal Final rNeaativel
$ 9,824 $ 40,000 $ 4G,000 $ [30, 176]
192,000 182,350 182,350 9,650
201,824 222,350 222,350 [20,526}
Revenues
Interest income
General interest
Total revenues
Expenditures
Other
Worker's compensation
386,307
250,000
255,000
[131,307]
Capital Outlay
Capital outlay
Cash Reserve
850
773,471
768,471
[850]
768,471
Total expenditures
387,157
1 ,023,471
1,023,471
636,314
Excess [deficiency} of revenues
over [under] expenditures
[185,333J
[801 , 121 ]
[801,121]
615,788
Unreserved fund balance, January 1
691,484
801,121
801 , 121
[109,637]
Unreserved fund balance, December 31
$ 506,151 $
- $
- $ 506,151
See independent auditor's report on the financial statements.
79
Revenues
Charges for services
General charges
Interest income
General interest
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS)
HEAL-rH INSURANCE FUND
For the Year Ended December 31, 2004
Actual
Budaeted Amounts
OriQinal Final
Variance with
Final Budget
Positive
rNeaativel
$ 4,172,668 $ 4,407,588 $ 4,407,588 $ [234,920]
8,868
5,000
5,000
Interfund Services Provided
General services
662,671
4451212
4451212
Miscellaneous revenues
General miscellaneous revenues
Total revenues
Expenditures
Other
Health insurance
Cash Reserve
Total expenditures
27,883
10,000
10,000
4,872,090
4,867,800
4,867,800
4,420,847
4,687,500
620,064
4,687,500
620,064
4,420,847
5,307,564
5,307,564
Excess [deficiency] of revenues
over [under] expenditures
Unreserved fund balance, January 1
451,243
[439,764}
[439,764}
239,248
439,764
439,764
$ 690,491 $
- $
Unreserved fund balance, December 31
See independent auditor's report on the financial statements.
80
3,868
217,459
17,883
4,290
266.653
620,064
886,717
891,007
[200,516]
- $ 690,491
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, 2004
Variance with
Final Budget
Budaeted Amounts Positive
Actual Oriainal Final rNeaativel
Revenues
Charges for Services
General Charges $ 158,889 $ 169,000 $ 169,000 $ [10,111]
Interest income
General interest 1 ,900 1,500 1,500 400
Interfund services provided
General services 807,695 885,000 885,000 [77,305J
Miscellaneous revenues
General miscellaneous revenues 6,553 2,998 2,998 3,555
Total revenues 9751037 1,058,498 1,058,498 [83,461 ]
Expenditures
Other
Central garage 1,070,606 1,079,487 1, 148,240 77,634
Capital Outlay
Capital outlay 100 250 250 150
Cash Reserve 219,831 151,078 151,078
Total expenditures 1,070,706 1,2991568 1,299,568 228,862
Excess [deficiency] of revenues
over [under] expenditures [951669] [241 ,070} [241,070] 145,401
Other financing sources [uses]
Transfers in 40,000 40,000
Excess [deficiency] of revenues
and other financing sources over [under]
expenditures and other financing [uses] [55,669] [241 ,070] [241 ,070] 185,401
Unreserved fund balance, January 1 158,031 241,071 241,071 [83,040]
Unreserved fund balance, December 31 $ 102,362 $ $ $ 102,361
See independent auditor's report on the financial statements.
81
CITY OF SALINA, KANSAS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL (NON - GAAP BASIS}
COMPUTER TECHNOLOGY FUND
For the Year Ended December 31, 2004
Variance with
Final Budget
BudQeted Amounts Positive
Actual Oriainal Final rNeaative 1
Revenues
Charges for services
General charges $ 116,368 $ 106,572 $ 106,572 $ 9,796
Interest income
General interest 8,013 4,000 4,000 4,013
Interfund services provided
General services 556,473 556,473 556,473
Miscellaneous revenues
General miscellaneous revenues 20,320 2,250 2,250 18,070
Total revenues 701,174 669,295 669,295 31,879
Expenditures
Other
I nformation services 679,862 721,890 725,239 45,377
Capital Outlay
Capital outlay 188,889 302,500 302,500 113,611
Cash Reserve 259,069 255,720 255,720
Total expenditures 868,751 1 ,283,459 1,283,459 414,708
Excess [deficiency] of revenues
over [under] expenditures [167,577] [614,164] [614,164J 446,587
Other financing sources [uses]
Transfers in 4,249 41249
Excess [deficiency] of revenues
and other financing sources over [under]
expenditures and other financing [uses] [163,328] [614,164] [614,164] 450,836
Unreserved fund balance, January 1 765,501 614,164 614,164 151,337
Unreserved fund balance, December 31 $ 602,173 $ - $ - $ 602, 173
See independent auditor's report on the financial statements.
82
This page intentionally left blank.
CITY OF SALINA, KANSAS
IN-rERNAL 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.
Risk management fund - To account for the accumulation and allocation of costs associated with risk management
activities and the purchase of various forms of insurance.
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.
Information services fund - To account for the accumulation and allocation of costs associated with electronic data
processing.
83
CITY OF SALINA, KANSAS
STATEMENT OF NET ASSETS
INTERNAL SERVICE FUNDS
December 31, 2004
Total
Workers' Internal
Risk Compensation Health Central Information Service
ASSETS Management Reserve Insurance Garage Systems Funds
Current assets:
Cash and investments $ 8,795 $ 635,137 $ 690,524 $ 137,608 $659,615 $2,131,679
Interest receivable 51 3,702 4,025 802 3,845 12,425
Inventory and prepaid supplies 68,670 68,670
Total current assets 8,846 638,839 694,549 207,080 663,460 2,212,774
Fixed assets:
Fixed assets 128,678 440,045 568,723
Less: accumulated depreciation 70,073 403,603 473,676
Total fixed assets 58,605 36,442 95,047
Total assets $ 8,846 $ 638,839 $ 694,549 $ 265,685 $699,902 $2,307,821
Li a bi lities:
Current liabilities (payable from current assets):
Accounts payable $ 7.544 $ - $ 33 $ 35,245 $ 13,440 $ 56,262
Current portion of compensated absences payable 19,764 32,629 52,393
Current portion of accrued claims payable 261,335 301,932 563,267
Total current liabilities (payable from current assets) 7,544 261,335 301,965 55,009 46,069 671,922
Noncurrent liabilities:
Accrued claims payable 75,874 75,874
Total noncurrent liabilities 75,874 75,874
Total liabilities $ 7,544 $ 337,209 $ 301,965 $ 55,009 $ 46,069 $ 747,796
Net Assets
Invested in capital assets, net of related debt $ - $ - $ - $ 58,605 $ 36,442 $ 95,047
Unrestricted 1,302 301,630 392,584 152,071 617,391 1,464,978
Total net assets $ 1,302 $ 301,630 $ 392,584 $ 210,676 $ 653,833 $1,560,025
See independent auditor's report on the financial statements.
84
CITY OF SALINA, KANSAS
INTERNAL SERVICE FUND
STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN NET ASSETS
For the Year Ended December 31,2004
Workers' Total
Risk Compensation Health Central Information Internal
Management Reserve Insurance Garage Systems Service Funds
Operating revenues
Charges for services $ 235,622 $ 192,000 $4,835,339 $ 966,584 $ 672,841 $ 6,902,386
Reimbursements 17,466 6,505 23,971
Miscellaneous 56,083 10.418 48 20,320 86,869
Total operating revenues 291,705 192,000 4.863.223 973.137 693,161 7,013.226
Operating expenses
General government 439.719 476,908 4,348,434 1,069,483 827,130 7,161,674
Depreciation 9,443 81,444 90,887
Total operating expenses 439,719 476,908 4,348,434 1.078,926 908,574 7,252,561
Operating income [1oss] [148,0141 [284,908] 514.789 [105,789] [215,413} [239,335}
Other operating revenues [expenses}
Investment income 9.102 11,603 7,408 28,113
Transfers in 40.000 4,249 44,249
Total other operating revenues [expenses} 9,102 11,603 40,000 11,657 72,362
Change in net assets [148,014] [275,806] 526,392 [65,789] [203,756] [166,973]
Net assets, January 1 149,316 577,436 [133,808] 276.465 858,550 1,727,959
Prior period adjustment [961 ] [961 ]
Net assets. January 1, restatement 149,316 577,436 [133.808} 276,465 857,589 1,726,998
Net assets, December 31 $ 1,302 $ 301,630 $ 392,584 $ 210,676 $ 653.833 $ 1,560,025
See independent auditor's report on the financial statements.
85
CITY OF SALINA, KANSAS
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2004
Total
Workers' Internal
Risk Compensation Health Central Information Service
Management Reserve Insurance Garage Services Funds
Cash flows from operating activities
Cash received from customers and users $ 235,622 $ 281,750 $4,762,925 $966,584 $ 672,841 $6,919,722
Cash paid to suppliers of goods or services [432,762] [476,908] [4,348,476] [859,090] [541,825] [6,659,061 ]
Cash paid to em ployees [194,792] [323,993] [518,785]
Other operating receipts 56,083 27,884 6,553 20,320 110,840
Net cash provided by [used in} operating activities [141,057] [195,158] 442,333 [80,745] [172,657] [147,2841
Cash flows from capital and related financing activities
Purchase of fixed assets [5,307) [5,307]
Net cash provided by [used in] capital and related financing activities [5,307) [5,307J
Cash flows from investing activities
Interest received 752 9,824 8,868 159 8,013 27,616
Cash flows from noncapital financing activities
Transfers in 40,000 4,249 44,249
Net increase [decrease] in cash and cash equivalents [140,305] [185,334] 451,201 [40,586] [165,702} [80,726]
Cash and cash equivalents, January 1 149,100 820,471 239,323 178,194 825,317 2,212,405
Cash and cash equivalents, December 31 $ 8,795 $ 635,137 $ 690,524 $137,608 $ 659,615 $2,131,679
See independent auditor's report on the financial statements.
86
CITY OF SALINA, KANSAS
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CASH FLOWS
For the Year Ended December 31,2004
Risk
Management
Workers'
Compensation
Reserve
Health
Insurance
Central
Garage
Information
Services
Total
Internal
Service
Funds
Reconciliation of operating [loss] income to net cash
provided by [used in] operating activities
Operating income [loss J
$ [148,014] $ [284,908] $514,789 $(105,789] $[215,413] $[239,335]
Adjustments to reconcile operating income [loss] to
net cash provided by [used in] operating activities
Depreciation expense
[Increase] decrease in inventory
Increase [decrease] in accounts payable
Increase [decrease] in accrued compensated absences
Increase [decrease] in claims payable
Net cash provided by [used in] operating activities
9,443 81,444 90,887
[ 4,203] [ 4,203]
6,957 [42] 15,083 [46,378] [24,380]
4,721 7,690 12,411
89,750 [72,414] 17,336
$ [141,057] $ [195,158] $442,333 $ [80,745) $ [172,657] $ [147,284}
See independent auditor's report on the financial statements.
87
CITY OF SALINA, KANSAS
AGENCY FUNDS
Agency funds are used to account for assets held by the government as an agent for individuals, private
organizations, other governments and/or other funds.
Special assessment escrow agency fund - To account for property owners' prepayment on outstanding special
assessments.
Fire insurance proceeds agency 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.
PEGS access agency fund - To account for revenues collected on behalf of the community access television system
for public, educational and governmental programming.
Payroll clearing agency fund - To account for interfund payroll receivables and payables for all City funds.
Court bond and restitution agency fund - To account for bonds and restitution remitted to the court and awaiting
court orders for distribution.
Police investigation account agency fund - To account for monies held by the police department for use in
investigations.
Fire cam agency fund - To account for donations received and used for fire equipment.
Section 125 plan agency fund - To account for monies held for the Section 125 plan.
88
CITY OF SALINA, KANSAS
COMBINING BALANCE SHEET
AGENCY FUNDS
December 31,2004
Special Fire Court Police Section
Assessment Insurance PEGS Payroll Bond and Investigation 125
Escrow Proceeds Access Clearina Restitution Account Plan Totals
ASSETS:
Cash and investments $ 285,923 $ 5,916 $ 1,915 $ 306 $ 54,375 $ 2,252 $20,347 $ 371,034
I nterest receivable 1,667 34 11 1,712
Total assets $ 287,590 $ 5,950 $ 1 ,926 $ 306 $ 54,375 $ 2,252 $ 20,347 $ 372,746
LIABILITIES:
Accounts payable $ 287,590 $ 5,950 $ 1,926 $ 306 $ 54,375 $ 2,252 $ 20,347 $ 372,746
Total liabilities $ 287,590 $ 5,950 $ 1,926 $ 306 $ 54,375 $ 2,252 $ 20,347 $ 372,746
See independent auditor's report on the financial statements.
89
CITY OF SALINA, KANSAS
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
AGENCY FUNDS
For the Year Ended December 31, 2004
Balance Balance
December 31, December 31,
2003 Additions Deductions 2004
Cash and investments
Special Assessment Escrow $ 114,220 $ 218,645 $ 46,942 $ 285,923
Fire Insurance Proceeds 1,723 4,193 5,916
PEGS Access 1,686 185,736 185,507 1,915
Payroll -Clearing 64,432 64,126 306
Court Bond and Restitution 36,793 17,582 54,375
Police Investigation Account 2,593 341 2,252
Fire Cam Fund 67 67
Section 125 Plan Fund 293,999 273,652 20,347
Interest receivable
Special Assessment Escrow 616 1,051 1,667
Fire Insurance Proceeds 9 25 34
PEGS Access 9 2 11
Total Assets $ 222,148 $ 721,233 $ 570,635 $ 372,746
Accounts payable
$ 222,148 $ 721,233 $ 570,635 $ 372,746
T otalliabilities
$ 222,148 $ 721,233 $ 570,635 $ 372,746
See independent auditor's report on the financial statements.
90
STATISTICAL SECTION
Q.)
:c
co
r-
en
c:
.Q
13
c:
::::J
l.L
>-.
..0
en
co ~
"~ .a
ro:.c
en ~
o ~
~w
Uc
Q.)
E
c:
Q:j
>
o
(9
ro
(fi
c:
Q.)
(9
~
ro
Q.)
I
.S:2
:c
::::J
a...
en
Co
Q.)
>-
ro
u
en
u:
c:
Q.)
r-
oo
CO
-.J
~
"c
::::J
E
E
o
o
""0 c:
~ 0
~
~ ~
.a u
"S Q.)
00:::
C
10 Q.)
(fi ~
c: Q:j
Q.) >
(9 0
(9
~ Co
en Q.)
i.:i:>-
ro
o
r-
NN~~~RN~~~~~
NNCOt- CO OCO "'l"-NCO
IJ")~ ..0 c.D cD t-~ r--: 0> M ..q co~ ..q~ t- ~
"'l"--r-t-COCOCO"'l"-(V)O>..qco(V)
~- ~- cO ~ 0>- ci ::~ ~- ~ ~ ~ ~
NNN(v)NN(v)(v)(v)(v)(v)(v)
Q:j
..c:
o
t- 1.0 "'l"- ..q 0
0> -r- to CO ..q
0> (V) 1.0 (V) CO
ci cv) 0>- cD ..q ~
0> -r- N t- t-
to -r- "'l"- (V)
..q~
co 0>
0> t-
CO 1.0
O)~
>-.
CO
:s
o
I9
'0..
CO
o
CO to 0> t-000)..q (V)..qO..q
(V)(V)(V)t-OIJ")CO..qO-r-OO>
"'l"- "'l"- 0 0)_ (V) 0> t- "'l"- 1.0 0> 0 CO
~~ g (0 ~ a; ~- ~ ~ ~- ~ ~ ~~
t-t-NIJ")"'l"-NCOCO..q..q(V)1J")
cv) cv) ..q - ..q- cv) (V) ~ M ..q- cv) cvi N N
Q.)
U
.~
Q.)
en
15
Q.)
o
~~8~~~~ffi~~a;~
0> 0> to (V) 0 0 q 1.0 ..q_ CO t- 1.0
t-- t-- N N cO co~ "'l"- (V) - ..q N- 0) t--
COCOO..q1.0 IJ")O>IJ")N-r-t-t-
(V) (V) (V) 0 CO CO ..q 0> (V) (V)_ ..q
..q- ..q- (V) ..q- N N N N cv) (V) (V) cv)
c:
o
~
c
CO
en
""0
c
CO
~~~~~~~o;~g~~
CO t- CO_ N CO t- CO CO "'l"- 1.0 N "'l"-
ev) t-- ..q N N u? N u-J "'l"- N "'l"-
IJ")cot-O>"'l"-(V)t-..qcot-COCO
1J")..q..q..qIJ")COcot-COCOCOO>
c
Q.)
E
a..
o
ID
>
Q.)
o
NCOIJ")t-COIJ")t-IJ")NN..q0)
1J")1J")..q..q..qCO"'l"--r-..qIJ")O(V)
IJ")..qNOIJ")(V)Nt-t-IJ")COO)
..q- cD cv) CO c5 cO ci N N to- ...f ..q
0> CO t-..q CO 1.0 01.0 1.0 CO ON
-r-N..qNN "'l"-"'l"-"'l"-"'l"-..q0
N ..q- ...f ..q- ..q- ..q - ..q-
OOt-CO(V)N..qCO-r-t-COtO
~_~ ~ ~ ~ ffi ~ ~ ~ 0) c;) cr;
CO cO -r- N cv) "'l"- M L(') c:i IJ")~ ..0 cri
t-t-"'l"-IJ")NIJ")"'l"-O>..qO>IJ")CO
NN"'l"-"'l"-CO"'l"-..qCO(v)N(v)..q
..q- ..q- ..q ...f ..q- -.::i" -.;:f ..q - ..q- ..q- ..q ..q-
en
~
o
~
.~
:0
::::J
a...
f6~~~~~~a;~u:;~~
0> 0 0 1.0 t- (V) CO CO_ (V) 0) N CO
...f M -r- t- "'l"- cO t-- 1.0 u-) 1.0- to- cD
~~~~N~~f6~~O~
N N N N M (V)~ M ..q- 1.0 1.0- ..0
>-.
~
CO
en
"S::?
:c
::::J
a...
NOt-NNCOO>..q"'l"-COO>CO
~fe~~~~(O~~rotO~
-r- c.D N (V) 1.0- N- t-- N - to- cri CO ..q-
NOO>L(')NO)..q..qNCOON
(V) "'l"-..q CO O)..q C""l O)~ N t-
t-- t-- t-- CO - r--.: 0)- c:i "'l"- "'l"- -r- N N
"'l"- "'l"- "'l"- "'l"- "'l"-
~f?;~~a;(b~a;~~~S3
(V) (V) 1.0 N (V) 1.0 ..q_ CO CO ..q t- 0
ro- g g N- 0) g ~ ~- ~ gj- t:;- ~
-r-0..qt-c;)1J") ..qN NtO
1.0- IJ")~ ..0 t-- N N- N N- N- N N
~lJ")tOt-CO(V)~O"'l"-N(v)..q
1.00>0)0>0>000>00000
0>0)0>0>0>0)0>00000
O>"'l"- "'l"-O>o>NNNNN
"'l"-
t/)
e
~
~
"'C
C
(1)
c..
><
w
~
o
o
N
en
""0
C
::::J
'+-
Q.)
U
"~
Q.)
en
15
Q.)
""0
""0
C
CO
a)
::::J
C
Q.)
>
~
10
"0
Q.)
c...
en
ro
ID
c:
Q.)
en
>-.
C
o
en
Q.)
""0
::::J
U
c::
Q.)
~
-Eu?
Q.)O)
en 0>
Q.) "'l"-
a.-g,
Q) ::::J
~ e
en~
:.c-r-
r-O>
Lri 0> -(fi
0).,S...c
~c::9
.~ 0 en
""O~CO
Q)U""O
t;:: t+= Q)
'(;5 '(;5 ti=
en en 'Ci)
CO CO en
uTI CO
~..qU
en 0) ~
~ 0) Q)
:e Q.) 3:
""O:E~
a3.8~
c...""O c:
X Q.) Q.)
W.......CC
Q) JY Q.)
E en (])
o ~ ~
en~c..
-0> E
~"'l"-W
-
-r-
-
c
Cii OJ
w E
cc?fi.
OJ CD ,.....
(!) ~
(!)
>.
~
"5
O~
~~
'5.
co
o
~
.~
OJ?f!.
mo
15""'"
Q)
o
Q)
~
.8
""0
Q.)
ro
U
..Q
ro
oo
o
U
en
is
Q.)
c:
Q)
..0
Q.)
Q)
>-.
o
0..
E c::
Q) 0
13:g
Q) U
;:;:::tt:::
~ "~
.8~
-g1O
co 25
~g
CO ::::J
O)'+-
O)-g
=~
~~
u
c
co
~ c
ro .Q
OJE~
I . c ("")
.~ co
:em
::::l
a..
Q:j
c
Q)
o
~
c::
c:
Q)
C
Q)
c.r
Ci5
""0
c::
CO
c::
o
~
~
u
Q)
0:::
~
.a
'"S
o 0
0)5
0> ""0
0> Q.)
c
c:::.c
E
~8
~
~
~?fi.
.~ ~
:e
::::l
a..
o Q.)
5~c
-gE~
~ E ~ "(;5
Q.) E ""0 c:
3: ~ ~ 8
~ ~ 25
~ ~
:> ~ U
~~~
Q) en en
>-. tE: co
.Q ~ ~
a:~~
Q).8
Q) c::
>-. "-
o c::
C5.. . Q
Em
w~
c:: 'en
o ~
1ijTI
~E
'(;5 (])
~ E
C3 c::
(fi
~ >
en 0
.~ <.9
en
3:
Q)
c::
Q.)
~
c::
o
~
~
U
Q.)
0:::
""0
c::
CO
~
~
"S
o
~c
'c OJ
::::l E ~
E a. 0
E.Q""'"
Q)""'"
o >
o Q)
o
~Q.)
~ 0
u: E
.~
~""O
~ Q)
Q) U
c CO
~a.
Q) ~
~ ~
:E
.3:
""0
Q)
10
'(3
o
en
en
CO
c::
o
~
U
r+=
"(;5
en
CO
TI
en
Q.)
"~
10
en
Q)
:E
-Q:j
..c:
9
en
co en
""0 Q)
Q) en
~ ~
.~ u
CO Q.)
U "?::
>-."5.
U5 "C
::::J U
o en
'5 ~
~""O
c...c::
en CO
~ Q.)
.a 12
:.co..
c:: 0
~o..
x c...
Q.) co
co
Q:j
c::
Q)~
~ .~
rn
~
o
~?f!.
.~ ~
:c
::::l
a..
c
.Q
ro~
~N
0""'"
::::l Q)
Oe:::
-r-
0)
City of Salina
General Government Revenues by Source (1) Table 2
Last Ten Fiscal Years
Fiscal Fees and Special
Year Taxes I nteraovemmental Charaes Assesments Other Revenues Total
1994 $ 16,153,904 $ 3,305,815 $ 3,089,651 $ 868,202 $ 2,402,460 $ 25,820,032
1995 17,138,776 3,170,244 3,585,877 1,012,596 2,708,038 27,615,531
1996 17,557,494 3,342,888 3,160,771 1, 191 ,772 2,859,223 28,112,148
1997 18,416,347 3,197,436 3,197,039 1,127,400 2,153,460 28,091,682
1998 19,364,939 3,208,793 5,057,608 1,050,242 1,951,707 30,633,289
1998 (2) 19,364,939 4,050,492 2,137,769 974,648 3,899,387 30,427,235
1999 21,314,633 4,383,281 2,068,329 1,086,557 4,257,563 33,110,363
2000 22,459,765 4,114,704 2,104,897 1,228,683 4,622,510 34,530,559
2001 22,282,630 3,916,482 2,107,409 1,320,324 5,001,469 34,628,314
2002 23,388,799 3,601,543 2,127,904 1,288,961 4,294,010 34,701,217
2003 (3) 24,174,138 2,731,239 6,145,703 1,315,816 974,664 35,341,560
2004 25,152,288 3,178,648 6,382,709 1,340,256 845,348 36,899,249
(1) Includes Only General, Special Revenue, and Debt Service
Funds. Capital Projects and Fiduciary funds are excluded.
(2) Restated to 1999 Classification. Difference in total is due to restatement of interfund transfers
(3) Reflects reclassifications required as a result of reporting model changes. For example Court Fines and Licenses and Permits
shift from "Other Revenue" to "Fees and Charges"
2004 Revenue By Source
Special
Assesments
40/0
Other Revenues
20/0
Fees and Charges
170/0
Intergovernmental
g%
92
City of Salina
General Government Tax Revenues by Source (1) Table 3
LastTen Fiscal Years
Fiscal Transient
Year Prooerty Taxes Sales Tax Franchise Tax Guest Tax Total
1995 6,502,855 8,302,428 1,739,323 594,170 17,138,776
1996 6,690,485 8,446,809 1,836,694 583,506 17,557,494
1997 6,945,943 8,948,067 1,929,622 592,715 18,416,347
1998 6,995,943 9,687,988 1,950,520 730,488 19,364,939
1999 7,656,282 10,991,973 1,920,067 746,311 21,314,633
2000 7,576,973 12,032,797 2,141,736 708,259 22,459,765
2001 7,079,205 12,010,742 2,463,599 729,084 22,282,630
2002 8,085,665 12,257,819 2,275,737 769,578 23,388,799
2003 8,802,558 12,026,714 2,524,906 819,960 24,174,138
2004 8,961,728 12,764,788 2,600,315 825,457 25,152,288
Tax Revenues by Source
14,000,000
12,000,000
10,000,000
8)000,000
6,000,000
4,000,000
2,000,000
Sales Tax
Property Taxes
Franchise Tax
Transient Guest Tax
Year
2003 2004
(1) Includes General, special revenue and Debt Service Funds
(2) Property Taxes include Real Estate, Motor Vehicle and Payments in Lieu of Taxes
93
City of Salina
Property Tax Levies and Collections Table 4
Last 10 Fiscal Years
Percent of Delinquent Ratio of Total
Fiscal Current Tax Current Taxes Tax Total Tax Tax Collections
Year Total Tax Levy Collections Collected Collections Co lIectio ns to Tax Levy
1995 5,230,834 5,192,453 99.30/0 97,615 5,290,068 101.10/0
1996 5,534,222 5,411,474 97.80/0 107,250 5,518,724 99.70/0
1997 5,772,414 5,689,316 98.60/0 133,171 5,822,487 100.90/0
1998 6,081,748 5,976,840 98.30/0 114,028 6,090,868 1 00.1 0/0
1999 6,416,832 6,269,408 97.70/0 140,976 6,410,384 99.90/0
2000 6,694,612 6,490,693 97.00/0 105,801 6,596,494 98.50/0
2001 7,020,875 6,831,220 97.30/0 147,819 6,979,039 99.40/0
2002 7,289,916 7,108,013 97.50/0 174,050 7,282,063 99.90/0
2003 7,640,249 7,417,427 97.10/0 176,906 7,594,333 99.40/0
2004 7,890,387 7,677,415 97.30/0 227,578 7,904,993 100.20/0
Percent of Property Taxes Collected
102.00/0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -" - - - - - - - - - - - - - - - - - . - - - - - - - - - - .. - - - - - - - - - - - - - - - - - - - - - - .. - - . - - - - - - - - - - - - - - - - - " - - - - - - - - - - - " - - - -
101.00/0 - - - - - - - .. .. .. .. .. .. .. .. .. .. - - - - - - - - - "0 - -.. - - - * * * - - - - - - .. - - - - - - .. " - . - - . - - - - - - - - - .. .. .. ~ * ~ ~ ~ - - * - - - - - - - .. - .. .. .. - .. ~ - - - - - - - - - - - .. .." .. .. .. - ~ * ~ - - - . - - .. - - - - - .. .. .. -
" ,/ .........
" .........
" ,/ .........0__ ,0
1 00.00/0 __uun___,-~_;.._ /!'- - - - - u - -- -- - *- u_ u uu ---- --____ ----.-I"'i - - - u - -.. -.. ~ -.. u_ - u_ _nn_ - ---- _n - _n__~ -- u u _n__ un_u_ -7- --
Q "'\. .,.,.. ....... /
" <r' -' ....... ""<> /
" /
99.00/0 - - - _.. - - - .. - - - - - - - - - - - - .. - - - . - - - - - .. - - - - - - - - - - - . * - - .. .. - - - - - - - - - - - - .. - - -'" - - - - - .. - - - - .;!'- - .. - .. * - - - - - - - - - - - - . - - .. - * - - - - - - - - - - - - - .. - .. - - - - - - - - -
V/
98.00/0
97.00/0 - - - - - - - - - - - .. - - - - - - - - - - .. - .. .. - - - ~ - - - - - - - - - - - .. - - .. - - - - - - - - - - .. - - .. - .. .. - .. - .. - - - -
96.00/0 - - - .. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - .. - - .. ~ - - - - - - - - - - - - .. - .. - * - - - - - - - - - - - - - .. - .. .. -.. - .. - - - - - - - - - - .. - - - .. - - - - - - - - - - - - - - - .. .. .. - - .. - - - - - - - - .. .. .. - - . - - - -
95.00/0 .. - - . - - .. - - .. - - - - - - - - .. .. ~ .. - .. - - - - - - - - - - - - ~ .. .. .. - - - - - ~ - - - - - - - - .. - ~ .. - - ~ - - - - - - - - - .. - .. - - - ~ - - .. - .. - - - ~ - - - - . * ~ - - ~ ~ - - - ~ - - ~ .. .. .. - - .. ~ - * ~ - - - - - - - - .. .. - * .. - * - ..
94.00/0
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
. Percent of Current Taxes Collected - -<> - Ratio of Total Tax Collections to Tax Levy I
94
L.O "'0 "'0 L.O ("I") V L.O 0 0 ........ eo L.O c;
Q.) Q.) Q.) c.o c.o ("I") eo ........ eo
::0 en 10 Q.) cri c.ri cri cri cri ...0 ...0 ...0 ...0 cO
ctS en E :::J ~
I- Q.) m
en ~
en >
<( w Q)
'0 .9 ~
.Q Q.) Co
10 :::J :a:
rn
0::: >
Q) L.O L.O L.O en m en ("I") L.O ("I") N
~ 0 c.o N c.o 0 L.O ........ en eo v
Co ........ ("I") V L.O_ c.o V CO c.o m
:a: N- ~ ........- V- ~ N- MO v- V-
a m eo v 0 c.o 0 co eo
co L.O ........- m N co eo L.O m N v_ oo:::t'
0 Q.) N- ~ c.o- o- M c.o- N c.r5 00- ~ 0
:::J 0
I- 16 00 L.O ~ L.O L.O m eo m c.o ("I") N
v_ L.O_ ........ 00_ m 0 ~N ("I") ~
"'0 > N- NN- N N-
Q.)
10 M
E 0
0
~ N
W
"'0 eo ~ ("I") v ("I") c.o v v eo ("I") N
c.o m c.o ~ eo ~ v v ~ 0 0
Q.) L.O 0 m N ........ ~ ........ v 0 ("I") 0
en M ~ m- eo- ........- c.r5 N- o ("1")- en - N
en
Q.) Q.) c.o v eo L.O eo m c.o 0 ........ v
en :::J eo 0 L.O 00 V ("1")_ N ~ N en
en m c.r5 eo- 0 00- v- ~ v- M L.O- M
<( > V L.O eo en M ("I") v c.o ........ eo C;
N N N N ("I") ("I") ("I") ("I") ("I") 0
co N
0
I- Q) L.O
>. ::J en
t 0
Iii 0
Q.) c.o V L.O m ("I") 0 eo m N ~ 0
a. Q.) ........ m L.O v ("I") N 0 ("I") en N > N
0 C3 ........- ........ L.O eo v_ 0 ~ eo N "'C
a: :2 co c.o- v- v- ~ cD eo- L.O- a) ........- Q)
a Q) eo m N ........ V V c.o ........ eo en
> m ........ m m ("I") N N m c.o c.o en Q")
Q) Q")
Q) 0 N- ("1")- ("1")- v- L.O M M L.O- to eo- U) ~
:::J en V V V V V V V V V V U)
m Co 0 c::(
> Q.) :a: c:
ctS CO >- Q) co
.~ :::J Q")
CO en ~
m 1:5 u v 0 m N m L.O o 00 0 N c:
en <( en "'0 0 ........ c.o ........ N ........ N 0 00 ........ ea
"'0 u:::: Q) N en L.O m L.O eo L.O 0 ........ ("I") .J::
0 en as eo- v- a) N- as ........- cD 0- v -
Q) en U
~1O c Q) N 0 L.O 0 N eo v c.o L.O ("I") ,.....
Q.) Q) en L.O ........ m en ~ 0 00 eo ........ ("I") Q")
G E I- :::J en N- N- M N- v- v- -.::i" v- L.O- ........- Q")
~ Ui CO <( ~ ~ ~ ~ ~ ~ ~
w ctS > Q)
--I 10
"'0 "'0 en (0
c Q) Q")
ctS en ~
"'0 en
Q)
Q.) en L.O eo c.o ~ v CO M v ("I") CO
en en CO v m ~ m CO L.O ("I") N
en <(
Q.) c.o v m eo 0 L.O V ~ L.O I,(')
en CO >. - - m- -.::i" c.o- a) M ("1")- c.r5 0
tOO Q")
en c Q.)mL.O ........ ("I") eo ("I") N m eo ~ ~
<( 0 a. eo_ L.O_ N L.O ........ V eo 0 ("I")
en c.r5 ........- eo- N- I..C"i L.O- ...0-
(u 0 V L.O ~
a: N N N N N ("I") ("l") ("I") ("l") ("I")
a... 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0
0- 0- 0 0 c:i c:i c:i 0 ci o~ c:i
0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0
("l") m ("I") N ........ L.O LO ("l") ("I") v o~ 0- 0 0 0 0 c;) c;) ci 0 c:i
N ........ V 00 N L.O ~ V ~ eo 0 co (0 oo:::t' N 0 co (0 oo:::t' N 0
Q.) m eo eo L.O ........ ~ ........ v eo N oo:::t' M M M M M N N N N N
10 N- ........- 0 as ........- N ("1")- I..C"i c.r5 .....:
Ui c.o m c.o eo 0 v ........ L.O LO
v m ("I") v N ~ ("I") ~ v
w c.o- ...0- c.o- ("1")- c.r5 v- .....: ........- N-
m c.o ........ m N N V L.O c.o ........ eo
Q.) ~ ~ ~ N N N N N N
0:::
Co
Q.) L.O c.o ........ eo m 0 N ("I") V
>- m en m m m 0 C; 0 0 0
C6 m en m en m 0 0 0 0 0
u ~ ~ ~ N N N N N
en
u::::
City of Salina
Principal Taxpayers
2004
Taxpayer
Type of Business
Western Resources
Schwan's Sales
Warmack, Salina Partnership
Southwestern Bell
Wal-Mart Stores, Inc.
Salina Regional Health Center
Kansas Gas Service
Lowe's Home Center
Dillon's
Great Plains Manufacturing
Utility
Pizza Manufacturing
Retail Shopping Mall
Telephone Utility
Discount Retail Stores
Hospital and Medical Offices
Utility
Building Supply Center
Supermarket
Manufacturing
Combined Valuation of the Ten Largest Taxpayers
Percent of Total City Assessed Valuation (1)
(1) Assessed value includes amount attributed to Motor Vehicles
96
2003 Assessed % of Total
Valuation Valuation
$
7,687,247
7,120,122
5,912,488
5,086,092
3,978.931
3,788.081
3,016,460
2,218,361
2,202,265
2,163,465
35,486,265
2.050/0
1.900/0
1.580/0
1.360/0
1.060/0
1 .0 1 0/0
0.800/0
0.590/0
0.590/0
0.580/0
9.460/0
Table 6
r-
Q.)
::c
rn
I-
UJ
e
Q)
E
c:
ID UJ
ID ~ Co
rnrn(9:e
. ~ c:::
co x .~ ~
en co a... UJ
o~g-u:
>. t "'C c:
~Q)~~
o 8-0
a:"C~
c: -I
co
<:5
~
(5
ro
(5
I-
~ ID
ID .J::
.J:: 5
5
0
en Q)
::) 0'>
co :m
(5 ~
l-
N Q.)
u
- .~ Q.)
1.(') 0'>
0 Q) ~
(""') en
0 15 ~
en Q.)
::) 0
0'>
c: Q)
:+:::: 0'>
co co
Q;=
g~
>.
C Q.)
=:J
0 0'>
0 ~
rn ~
(5
>. l-
e Q)
=:J U
0 .~ Q.)
0
Q) 0'>
Q) en ~
.~
co 15 ~
en Q)
0
0'>
c: Q)
:+;::j 0'>
co rn
ID=
g~
~ Q.)
(3 0'>
rn ~
(5 ~
I-
rn Q)
.~ u
rn .~ Q)
en Q) 0'>
0 en ~
15 ~
~ Q)
u 0
0'>
c: Q)
~ 0'>
co co
Q;=
g~
<0 r- 0> eo r- eo 1.(') N r- -..:t
-..:t <0 ~ 0 <0 N (""') 0> ~ r-
0> <=! 1.(') ~ -..:t eo eo r- eo 1.(')
Lri ~ 0 a; N cv:i LO Lri c.O cxi
0 0 0 0> ~ ~ N ~ ~ ~
~ ~ ~ ~ ~ rn
c c:::
1.(') :J rn
1.(') <0 0 (""') 0> -..:t 0> 0 -..:t eo LO 0
<0 N -..:t (""') <0 -..:t 0 (""') eo -..:t L... 0 en
N cxi (""') ~ eo -..:t (""') <0 eo Q) 0
cxi cxi eo a> a> a> a> a> a> .c. ('f) Q) '+-
........ 0
0 0 c
en rn ~
~ r- N 0> 0 ~ -..:t eo -..:t N ~ ::J en U
eo
0 N M N -..:t N N r- eo (""') rn 0 0 .
-..:t N 1.(') eo (""') 1.(') ~ (""') <0
N N a> c.O c.O cxi cxi r--..: c.O
-..:t -..:t -..:t (""') (""') LO LO <0 LO 1.(')
-..:t -..:t -..:t r- 0> (""') <0 (""') 1.(') -..:t
0> N N <0 ~ -..:t
-..:t N -..:t (""') (""') <0 (""') 0 eo (""')
0 0> <0 ~ r--..: r--..: r--..: cxi
~ N N eo
~ ~ ~
en
ca
en
r- e
r- -..:t eo N ~ eo eo 1.(') 0> eo ca
1.(') (""') <0 0> 0 0> 0> ~ <0 eo ~
(""') a> (""') ~ 0 <0 ~ ~ 1.(') N
a> (""') a> <0 Lri cO ~ u:; cxi cxi
("l"') ("l"') ("l"') ("l"') ("l"') -..:t ("l"') ("l"') ci
e
~ 0 1.(') ~ eo r- r- <0 r- oo ca
r- r- N -..:t eo co ("l"') <0 1.(')
~ ("l"') 0> ~ -..:t co 0 <0 0 CJ)
<0 M N cO 0 cv:i M ~ Lri cO
N N N ~ N N N N N N ...
~
>.
>
1.(') a; CD
co ...J
~ 0>
0
--
:E
C)
~ r- 0 ~ r- r- r- <0 r- ~ e
("l"')
r- M -..:t -..:t 0> co ("l"') <0 <0 eo C.
1.(') 0> ~ -..:t ~ ("l"') 0 <0 0
<ri N c:i cri a> M N ~ LO cxi C.
N N N N N N N ca
~
0> 1.(') N 1.(') 0 <0 1.(') co N ("l"') CD
-..:t >
0 ~ -..:t 0 r- r- <0 N 0> ...-
r- r--..: 0> r- N eo ("l"') ~ 0 0
cO N <ri Lri Lri ~ ~ ~ -..:t -..:t
N N N N N N N N N
-..:t N 0 ("l"') ("l"') -..:t co r- ~ <0
...-
1.(') Lri ("l"') ~ co 0> <0 1.(') u:; 0>
~ 0 <0 -..:t N <0 0>
0 ~ Lri M Lri Lri Lri Lri M
...-
1.(') 1.(') N N r- N r- ...- ...- r-
N co 0> <0 co C; 0
LO 0 ~ 0> co ("l"') 0 1.(') 1.(') 0 0 0 0 0 0
1.(') N co <0 ~ a> a> cri cO c:i ~ N 0 co <0 ~ N
cO Lri c:>
N N N ...- ~ N ~ ~ ~
SII!II\I U! J\Aal
Co
Q)
co >- 1.(') <0 r- co 0> 0 N ("l"') -..:t
<..) Q) 0> 0> 0> 0> 0> 0 c; 0 0 0
UJ 0> 0> 0> 0> 0> 0 0 0 0 0
u: 0'> ...- ~ ...- N N N N N
"C
=:J
~
ui
c:
.Q
<:5
:.c
UJ
.C
.~
Q.)
UJ
Q)
€
>.
..0
"C
~
Q)
>
0
u
~ UJ
rn
0 ~
0 rn
N ~ Q.)
€
("i') rn .~
0 .0
0 ~ C
N .~ Q)
Q;
:0 ::t::
N =:J :.a
0 a...
0 rn ~
N .~ rn
rn UJ
en Q.)
~ Q.) rn
0 € c:::
0 "C X
N rn
c: I-
... co
0 ca ~ co r-
0 CD (5 0>
0 >- .~ I-
.J::
N ..... "5 c:i
CD <( 0
(j) -..:t
C) t
(j) -c 0 0
(j) e- en
::s ::)
~ OJ <! 0
rn
co .~ r--.:
(j) co 0
(j) en ("l"')
~ Q) 0
:5 en
t'- ::)
(j) u) <0-
co
(j) UJ 0
~ c: ("l"')
co 0
~
<0 0 en
::)
(j) Q.) >.
(j) 10 ..0
~ U5 "C
Q)
L() Q) Q;
(j) -E >
0
(j) UJ U
Q)
~ "C .~
=:J rn
<3 .~
.~ co
c en
E 0
:::J
(5 c:
U 0
-Co :e
0
.J:: a...
$5 co
Q) E
.J:: UJ
I- <{
~ ~
1,600,000
1 AOO,OOO
1,200,000
1,000,000
8001000
600,000
400,000
200,000
Fiscal Year
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
City of Salina
Special Assesment Billings and Collections
Last Ten Fiscal Years
Special
Assessment
Billings
919,364
1,139,672
985,885
983,383
1 ,122,307
1,266,760
1,298,468
1,284,864
1,385,056
1,287,603
Special Assessment
Collections
883,807
1,131,852
11048,863
974,648
1 ,086,557
1,285,105
1,320,324
1 ,288,961
1,315,816
1,3401256
Ratio of Total Special
Assessments Collections to Total
Assessments Levied
0.96
0.99
1.06
0.99
0.97
1.01
1.02
1.00
0.95
1.04
Special Assessment Billings and Collections
1995
1996
1997
1998
1999 2000 2001
I_ Special Assessment Billings D Special Assessment Collections I
2002
2003 2004
1. Includes prepayments and delinquent collections.
98
Table 8
City of Salina
Computation of Legal Debt Margin
December 31. 2004
Assessed Valuation (1)
Legal Debt Margin:
Debt Limit: 30%) of Assessed Valuation (2)
Debt Applicable to Limitation:
Total Bonded Debt
Less: Revenue Bonds
Fund Balance Designated
for Debt Service
Total Debt Applicable to Limitation
Legal Debt Margin
Table 9
$ 383,949,303
115.184,791
39,417,565
5.615,000
1,317,062
32,485.503
82,699,288
1. Assessed valuation for the purposes of calculating the debt limitation includes the valuation attributable to
Motor Vehicles.
99
City of Salina
Ratio of Net General Obligation Bonded Debt
To Assessed Value and
Net General Obligation Bonded Debt Per Capita
Table 10
Fiscal
Year
Population
(1 )
Assessed Value
(2)
Less Debt
Gross Bonded Service Fund
Debt (3) (4)
Net Bonded
Debt
Ratio of Net
Bonded Debt to Net Bonded
Assessed Debt Per
Value Capita
3.01 171.83
3.55 207.38
3.32 209.32
2.58 174.58
3.21 229.36
3.51 254.99
2.92 220.02
3.73 296.23
3.71 302.78
4.02 335.57
2002
2003
2004
1. 2000 population estimates are based on the 2000 federal census. Estimates for interim years are based on the 7/1 estimate
issued by Kansas State Division of the Budget.
2. Includes motor vehicles
3. Outstanding Debt amounts reflect portion of the outstanding debt for which general taxes will be required. This excludes revenue
bonds, GO obligations for which other revenue has been pledged, and obligations for which special assessments will be levied.
4. Amount available for repayment of General Obligation Bonds.
100
City of Salina
Ratio of Annual Debt Service Expenditures Table 11
For General Obligation Bonded Debt (1)
To Total General General Governmental Expenditures
Last Ten Fiscal Years
Total General Ratio of Debt Service to
Govern mental General Governmental
Fiscal Year Principal Interest (2) Total Debt Service Expenditiures (3) Expenditures (3)
1995 1,530,037 386,943 1,916,980 27,815,221 6.890/0
1996 1,229,378 305,808 1,535,186 28,176,844 5.45%)
1997 2,549,984 443,461 2,993,445 30,066,773 9.96 %)
1998 1,563,421 320,010 1,883,431 29, 167, 170 6.46%
1999 1,044,187 361,209 1,405,396 31,419,821 4.47%)
2000 1,277,861 447,025 1,724,886 34,833,093 4.95%)
2001 1,406,725 498,772 1,905,497 34,964,295 5.450/0
2002 1,365,330 564,355 1,929,685 35,348,137 5.460/0
2003 1,356,352 507,613 1,863,965 34,684,235 5.370/0
2004 1,493,878 624,372 1,967,863 35,966,882 5.470/0
Ratio of General Debt Service to General Government Expenditures
12.000/0
1 0.000/0 - . - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ~ - - - - - - ~ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ~ - - - - - ~ - - - - - ~ - - - - - - - - - - - - - - - - - - - - - - -
8.000/0
6.000/0
4.000/0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - * - - - * * - * - - * - ~ * ~ - - - - - - - - - - - - - .. - - - - - - - - - - - - -
2.000/0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ~ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --
0.000/0
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
(1) Excludes special assessment debt with government commitment.
(2) Excludes bond issuance and other costs.
(3) Includes general, special revenue, and debt service funds.
101
Jurrisdiction
Direct:
City of Salina
City of Salina
Computation of Direct and Overlapping Bonded Debt
General Obligation Bonds
December 31, 2004
Net General
Obligation
Bonded Debt
Outstanding
Percentage Amount
Applicable to City Applicable to the
of Salina City of Salina
$ 19)493,004
1 000/0 $ 19,493,004
Overlapping:
Salina Airport Authority
Saline County
USD 305
Total Overlapping Debt
6,265,000
985,000
83,365,000
90,615,000
6,265,000
746,729
83,365,000
90,376,729
1 OooJb
76010
100010
110,108,004 109)869,733
Total Direct and Overlapping Debt
Per Capita Direct and Overlapping debt
$ 2,390
USD 305
750/0
Overlapping Debt, City of Salina
102
Table 12
Salina Airport
Authority
60/0
Saline County
10/0
City of Salina
Revenue Bond Coverage
Water and Sewer Fund
Last Ten Fiscal Years
Table 13
Debt Service Requirements
Net Kevenue
Fiscal Ooeratina Ooeratina A vail able for Debt
Year Revenues (1) Expenses(2) Service Principal Interest Total Coveraae
1995 9,993,020 5,879,776 4,113,244 880,000 1,588,797 2,468,797 1.67
1996 10,506,646 7,147,082 3,359,564 955,000 1,527,953 2,482,953 1.35
1997 10,442,409 6,714,541 3,727,868 1,015,000 1,483,493 2,498,493 1.49
1998 11,495,756 6,836,006 4,659,750 660,000 924,598 1,584,598 2.94
1999 10,753,843 7,399,094 3,354,749 700,000 876,793 1,576,793 2.13
2000 11,709,375 7,406,546 4,302,829 735,000 831,293 1,566,293 2.75
2001 11,886,131 8,461,367 3,424,764 835,000 688,515 1,523,515 2.25
2002 13,435,656 9,167,908 4,267,748 90,000 322,754 412,754 10.34
2003 12,216,580 9,145,564 3,071,016 575,000 234,018 809,018 3.80
2004 12,432,442 8,979,010 3,453,432 600,000 206,810 806,810 4.28
(1) Excludes interest income
(2) Excludes Depreciation
(3) Coverage for 2002 appears to be excessive because of refinancing activity and very limited principal and interest payments.
103
900
800
700
600
en
:t::
E 500
CD
D-
'0
"-
c>> 400
.D
E
:::::Ii
Z
300
200
100
Fiscal Year
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
City of Salina
Property Value and Construction
Last Ten Fiscal Years
Total Property Value
(Thousands)
$ 1,314,831
1,482,502
1,551,794
1,716,987
1,850,244
1,953,642
2,096,803
2,182,563
2,296,901
2,368,265
2,131,485
Permits
Issued
694 $
759
832
725
757
772
771
679
776
678
656
Total Value of Permits
Issued
38,667,261
34,156,955
55,369,816
41,528,712
42,830,543
41,431,443
99,462,211
74,250,045
62,416,514
46,213,139
41,551,281
Number and Value of Building Permits Issued
Value of
Commercial
Perm its
NA
NA
NA
$ 24,604,611
22,162,767
11,225,834
75,141,289
53,696,870
47,809,924
19,407,078
22,145,481
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
I c::::J Pennits Issued --+- Total Value of Permits Issued I
104
Table 14
Single Family
Home Permits
NA
121,000,000
101,000,000
81,000,000
!!
.~
CD
61,000,000 0-
'0
CD
:::::Ii
Ii
>
41,000,000
21.000,000
1,000,000
122
105
87
80
82
88
84
74
91
91
City of Salina Table 15
Demographic Analysis
Last 10 Fiscal Years
Per Capita Labor Force,
Personal Income School Enrolllment Unemployment Saline County
Fiscal Year Population (1) Saline County (2) Median Age (3) (4) Rate (5) (5)
1995 43,304 21,944 33.5 7,229 4.40/0 29,312
1996 44, 167 23,154 33.5 7,316 3.70/0 29,281
1997 44,51 0 24,423 33.5 7,307 3.6% 28,875
1998 44,176 25,470 33.5 7,257 3.5%) 29,262
1999 44,022 25,856 33.5 7,347 3.6%) 30,310
2000 45,679 27,780 36.1 7,418 2.80/0 30,740
2001 45,629 26,879 36.1 7,315 3.50/0 29,821
2002 45,729 26,839 36.1 7,273 3.6%) 30,569
2003 45,969 27,579 36.1 7,188 4.00/0 30,804
2004 45,969 NA 36.1 7,107 4.80/0 30,800
50,000
Q)45,OOO
CJ
~
o
LL
~
.840,000
ca
..J
-...
c
~35,OOO
.!!!
::::s
c.
o
0.30,000
25,000
Population, labor Force, and School Enrollment
8,000
~ . . . .
------ . .
7,500
- ~... ....
c
-. - .- ... -.. Q)
- . .. - .. ...... E
. - ...- '0
...~ ... ~
.... c
w
7,000
6,500
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
. Population (1) -----6-- Labor Force, Saline County (5) - .. - School Enrolllment (4) I
Data Sources:
1) 2000 Population estimates are based on the 2000 Census. Population in intervening years is based on the Kansas Division of
the Budget 7/1 estimate
(2) U.S. Department of Commerce, Bureau of Economic Analysis.
(3) Burea of the Census.
(4) U.S.D. 305, Full Time Equivelancy
(5) Kansas Department of Human Resources
105
Operating Position History, Enterprise Funds
Table 16
Year
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
Sanitation Solid Waste Disposal
Non- Non-
operating operating
Operating Operating Operating Revenue Net Operating Operating Operating Revenue
Revenues Expenses Income (Expense) Income Revenues Expenses Income (Expense) Net Income
1,052,413 999,308 53,105 16,451 69,556 1,214,207 878,128 336,079 (4,954 ) 331, 125
1,075,091 1,062,250 12,841 29,562 42,403 1,511,071 873,900 637,171 1,928 639,099
1,128,113 1,159,585 (31,472) 29,284 (2,188) 2,017,280 984,226 1,033,054 ( 128,332) 904,722
1,230,310 1,371,703 (141,393) 33,486 (107,907) 2,452,057 1,286,246 1,165,811 (62,151) 1,103,660
1,354,952 1,416,567 (61,615) 23,154 (38,461 ) 2,514,526 1,236,419 1,278,107 (60,847) 1,217,260
1,472,888 1,455,433 17,455 20,248 37,703 2,367,328 1,676,921 690,407 (32,586) 657,821
1,594,739 1,498,597 96,142 26,754 122,896 2,088,413 1,486,236 602,177 31 ,208 633,385
1,615,914 1,582,169 33,745 (74,531 ) (40,786) 2,094,700 2,171,127 (76,427) 29,529 (46,898)
1,638,280 1,654,313 (16,033) 20,208 4,175 2,210,231 2,049,152 161,079 62,622 223,701
1,794,621 1,682,352 112,269 6,350 118,619 2,401,509 2,255,388 146,121 (63,486) 82,635
1,814,256 1,907,818 (93,562) (3,532) (97,094) 2,488,760 2,727,113 (238,353) (19,038) (257,391 )
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
Golf Course Water and Sewer
Non- Non-
operating operati ng
Operating Operating Operating Revenue Net Operating Operating Operating Revenue
Revenues Expenses Income (Expense) Income Revenues Expenses Income (Expense) Net Income
606,952 592,456 14,496 531 15,027 9,402,506 6,739,076 2,663,430 (577,935) 2,085,495
641,852 654,378 (12,526) (11,981 ) (24,507) 9,993,020 7,828,266 2,164,754 (1,508,687) 656,067
678,961 700,156 (21,195) (8,092) (29,287) 10,506,646 9,099,949 1,406,697 (859,874) 546,823
782,162 734,177 47,985 (19,452) 28,533 10,442,409 8,902,430 1,539,979 (722,798) 817,181
755,764 756,374 (610) (8,968) (9,578) 11,495,756 9,063,644 2,432,112 (395,640) 2,036,472
819,029 766,417 52,612 ( 1,302) 51,310 10,753,843 9,724,010 1,029,833 122,537 907,296
748,366 804,972 (56,606) (225) (56,831 ) 11,709,375 9,688,060 2,021,315 (391,373) 1,629,942
997,544 741,693 255,851 (899) 254,952 11,886,131 10,945,192 940,939 (532,155) 408,784
867,108 832,914 34,194 34, 194 37,259 13,435,656 11,628,379 1,807,277 (757,421 ) 1,049,856
810,717 782,734 27,983 (2,763) 25,220 12,216,560 10,682,725 1,533,835 (843,001 ) 690,834
813,590 815,486 ( 1,896) 1,087 (809) 12,432,442 10,654,249 1,778,193 (759,536) 1,363,475
106
This page intentionally left blank.