_Financial Statements 1985
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CITY OF SALINA
Sa lina, Kansas
A
FINANCIAL STATEMENTS AND AUDITORS' REPORT
December 31, 1985
KENNEDY AND COE
Certified Public Accountants
Salina, Kansas
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Exhibit A
Exhibit B
Schedule 1
Schedule 2
Schedule 3
Schedule 4
Schedule 5
Exhibit A
Exhibit B
Exhibit C
Exhibit D
CITY OF SALINA
Salina, Kansas
CONTENTS
AUDITORS' REPORT ON FINANCIAL STATEMENTS
AUDITORS' REPORT ON INTERNAL CONTROLS
AUDITORS' REPORT ON COMPLIANCE
FINANCIAL STATEMENTS
SUMMARY STATEMENT OF RECEIPTS, EXPENDITURES, AND BALANCES
BY FUNDS AND COMPARISON OF CASH BALANCES WITH ENCUM-
BRANCES
STATEMENT OF RECEIPTS, EXPENDITURES, AND CHANGES IN
UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
NOTES TO FINANCIAL STATEMENTS
Supplemental Information
Schedule of Indebtedness
Composition of Ending Cash Balances
Comparison of Gross Cash Balances with Depository
Securi ty
Comparison of Special Assessments Projects Expenditures
to Authorizations
Schedule of Active Federal Awards
AUDITORS' FINDINGS
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SCHEDULE OF AUDITORS' FINDINGS
SEPARATE FINANCIAL STATEMENTS - WATER
AND SEWERAGE DEPARTMENT
AUDITORS' REPORT
BALANCE SHEETS
STATEMENTS OF INCOME
STATEMENTS OF CONTRIBUTED CAPITAL AND RETAINED EARNINGS
STATEMENTS OF CHANGES IN FINANCIAL POSITION
NOTES TO FINANCIAL STATEMENTS
Page
1
2-4
5
6-7
8-24
25-28
29-30
31
32
33
34
35-36
37
38
39
40
41-42
43-44
Contents
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MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBL.IC ACCOUNTANTS
KENNEDY AND COE
CERTIFIED PUBLIC ACCOUNTANTS
OFFICES IN
KANSAS
NEBRASKA
OKLAHOMA
COLORADO
HOME OFFICE:
P.O. BOX 1100
SALINA, KANSAS 67402.1100
91:).825-1581
AUDITORS' REPORT ON FINANCIAL STATEMENTS
To the Mayor and
The Board of City Commissioners:
We have examined the financial statements of the
year ended December 31, 1985, included herein on
included all funds and account groups except
(1) Saline County-City Building Authority, Salina-Saline County Board
of Health, and Salina Public Library, which we examine and report
on separately.
(2) Firemen's Relief Association, Salina Recreation Commission,
Arts Commission, Salina Housing Authority, and the Salina
Authority, which are examined by other auditors who issue
separate reports.
Our examination was made in accordance with generally accepted auditing standards
and the Minimum Standard Audit Program approved by the State Municipal Accounting
Board and, accordingly, included such tests of the accounting records and such
other auditing procedures as we considered necessary in the circumstances.
City of
pages 6
Salina, Kansas for the
to 28. Our examination
Sa li na
Ai rport
their
The City of Salina maintains its accounting records and prepares its financial
statements on the cash basis, modified by recording encumbrances. As discussed in
Note 1, this basis of accounting and presentation differs in some respects from
generally accepted accounting principles. Accordingly, the accompanying financial
statements are not intended to present financial position and results of operations
in conformity with generally accepted accounting principles.
In our oplnlon, the accompanying financial statements present fairly the cash and
unencumbered cash balances of the City of Salina, Kansas at December 31, 1985, and
its receipts and expenditures for the year then ended in accordance with the method
of accounting described in the preceding paragraph, which method has been applied
in a manner consistent with that of the preceding year.
The accompanying supplemental information presented on pages 29 to 34 is not necessary
for a fair presentation of the financial statements, but is presented as additional
analytical data. This information has been subjected to the tests and other auditing
procedures applied in the examination of the financial statements mentioned above
and, in our opinion, is fairly stated in all material respects in relation to the
financial statements taken as a whole.
Respectfully submitted,
Salina, Kansas
June 23, 1986
/~ 4.eI. (I~
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C.P.A.
Certified Public Accountant in charge
of and actively engaged on this audit.
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MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBL.IC ACCOUNTANTS
KENNEDY AND COE
CERTIFIED PUBLIC ACCOUNTANTS
OFFICES IN
KANSAS
NEBRASKA
OKLAHOMA
COLORADO
HOME OFfiCE:
P.O. BOX 1100
SALINA, KANSAS 67402.1100
913-825-1561
AUDITORS' REPORT ON INTERNAL CONTROLS
To the Mayor and
The Board of City Commissioners:
We have examined the financial statements of the City of Salina, Kansas, for the
year ended December 31, 1985, and have included our report thereon on page 1.
As part of our examination, we made a study and evaluation of the internal con-
trol systems, including applicable internal administrative controls, used in admin-
istering federal financial assistance programs to the extent we considered necessary
to evaluate the systems as required by generally accepted auditing standards, the
standards for financial and compliance audits contained in the Standards for Audit
of Governmental Organizations, Programs, Activities, and Functions, issued by the
U.S. General Accounting Office, the Single Audit Act of 1984, and the provisions of
OMB Circular A-128, Audits of State and Local Governments. For the purpose of this
report, we have classified the significant internal accounting and administrative
controls used in administering federal financial assistance programs in the following
categories:
Accounting Controls
1. Receipts
2. Purchases/disbursements
3. Cash and investment balances
4. Financial reporting
Administrative Controls
1. General requirements
-Political activity
-civil rights
2. Specific requirements
-Reporting
-Special requirements
The management of the City of Salina, Kansas, is responsible for establishing and
maintaining internal control systems used in administering federal financial assis-
tance programs. In fulfilling that responsibility, estimates and judgements by
management are required to assess the expected benefits and related costs of control
procedures. The objectives of internal control systems used in administering federal
financial assistance programs are to provide management with reasonable, but not
absolute, assurance that, with respect to federal financial assistance programs,
resource use is consistent with laws, regulations, and policies; resources are
safeguarded against waste, loss, and misuse; and reliable data are obtained, main-
tained, and fairly disclosed in reports.
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Because of inherent limitations in any system of internal accounting and admini-
strative controls used in administering federal financial assistance programs,
errors or irregularities may nevertheless occur and not be detected. Also, pro-
jection of any evaluation of the systems to future periods is subject to the risk
that procedures may become inadequate because of changes in conditions or that the
degree of compliance with the procedures may deteriorate.
Our study included all of the applicable control categories listed above. During
the year ended December 31, 1985, the City of Salina, Kansas, expended substantially
all of its total federal financial assistance under major federal financial assis-
tance programs. With respect to internal control systems used in administering major
federal financial assistance programs, our study and evaluation included considering
the types of errors and irregularities that could occur, determining the internal
control procedures that should prevent or detect such errors and irregularities,
determining whether the necessary procedures are prescribed and are being followed
satisfactorily, and evaluating any weaknesses.
With respect to the internal control systems used solely in administering the non-
major federal financial assistance programs of the City of Salina, Kansas, our
study and evaluation was limited to a preliminary review of the systems to obtain
an understanding of the control environment and the flow of transactions through
the accounting system. Our study and evaluation of the internal control systems
used solely in administering the nonmajor federal financial assistance programs of
the City of Salina, Kansas, did not extend beyond this preliminary review phase.
Our study and evaluation was more limited than would be necessary to express an
opinion on the internal control systems used in administering the federal financial
assistance programs of the City of Salina, Kansas. Accordingly, we do not express
an opinion on the internal control systems used in administering the federal finan-
cial assistance programs of the City of Salina, Kansas. Further, we do not express
an opinion on the internal control systems used in administering the major federal
financial assistance programs of the City of Salina, Kansas.
Also, our examination, made in accordance with the standards mentioned above,
would not necessarily disclose material weaknesses in the internal control systems
used solely in administering nonmajor federal financial assistance programs.
However, our study and evaluation and our examination disclosed the following con-
ditions that we believe result in more than a relatively low risk that errors or
irregularities in amounts that would be material to a federal financial assistance
program may occur and not be detected within a timely period.
Disbursement of funds lacks segregation of duties to the extent that
the City Clerk, who approves all invoices for payment, also has control
of a key to the machine used for signing checks. A second key to the
machine does not appear to be adequately controlled.
No independent review of data submitted in Bureau of Census reports is
made.
One employee in the City Clerk's office totals cash receipt documents
and prepares the deposits to the bank.
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These conditions were considered in determining the nature, tlmlng, and extent
of the audit tests to be applied in (1) our examination of the 1985 financial
statements and (2) our examination and review of the City's compliance with laws
and regulations noncompliance with which we believe could have a material effect
on the allowability of program expenditures for each major federal financial
assistance program and nonmajor federal financial assistance programs. This
report does not affect our accompanying reports on the financial statements and
on the City's compliance with laws and regulations.
This report is intended solely for the use of the City of Salina, Kansas, the
cognizant federal agency, and other applicable federal audit agencies and should
not be used for any other purpose. This restriction is not intended to limit the
distribution of this report, which, upon acceptance by the City of Salina, Kansas,
is a matter of public record.
Respectfully submitted,
Salina, Kansas
June 23, 1986
I(~ ~ (1AL-
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MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
KENNEDY AND COE
CERTIFIED PUBLIC ACCOUNTANTS
OFFICES IN
KANSAS
NEBRASKA
OKLAHOMA
COLORADO
HOME OFFICE:
P.O. BOX 1100
SALINA, KANSAS 67402.1100
913-825-1561
AUDITORS' REPORT ON COMPLIANCE
To the Mayor and
The Board of City Commissioners:
We have examined the financial statements of the City of Salina, Kansas, for the
year ended December 31, 1985, and have included our report thereon on page 1.
Our examination was made in accordance with generally accepted auditing standards;
the standards for financial and compliance audits contained in the Standards for
Audit of Governmental Organizations, Programs, Activities, and Functions, issued
by the U.S. General Accounting Office, the Single Audit Act of 1984; and the pro-
visions of OMB Circular A-128, Audits of State and Local Governments and, accordingly,
included such tests of the accounting records and such other auditing procedures as
we considered necessary in the circumstances.
The management of the City of Salina, Kansas, is responsible for the City's com-
pliance with laws and regulations. In connection with the examination referred to
above, we selected and tested transactions and records from each major federal
financial assistance program. The purpose of our testing of transactions and
records from those federal financial assistance programs was to obtain reasonable
assurance that the City of Salina, Kansas, had, in all material respects, admini-
stered major programs in compliance with laws and regulations, including those
pertaining to financial reports and claims for advances and reimbursements, non-
compliance with which we believe could have a material effect on the allowability
of program expenditures.
Our testing of transactions and records selected from major federal financial
assistance programs disclosed instances of noncompliance with those laws and
regulations. All instances of noncompliance that we found and the programs to
which they relate are identified in the accompanying schedule of findings.
In our opinion, subject to the effect, if any, of the ultimate resolution of
those instances of noncompliance referred to in the preceding paragraph, for the
year ended December 31, 1985, the City of Salina, Kansas, administered each of
its major federal financial assistance programs in compliance, in all material
respects, with laws and regulations, including those pertaining to financial
reports and claims for advances and reimbursements, noncompliance with which
we believe could have a material effect on the allowability of program expendi-
tures.
Respectfully submitted,
Salina, Kansas
June 23, 1986
K~ ~ (l~
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CITY OF SALINA
Sa lina, Kansas
SUMMARY STATEMENT OF RECEIPTS, EXPENDITURES,
BALANCES BY FUNDS AND COMPARISON OF CASH
BALANCES WITH ENCUMBRANCES
Year Ended December 31, 1985
AND
Fund
Unencumbered
Cash Balance
January 1, 1985 Receipts
$2,763,398.44 $ 8,982,188.13
5,469.82 109,330.04
86,115.84 8,053.76
154,894.91 672,958.30
18,862.06 410,924.47
43,933.27
83,907.11 120,453.92
142,447.39 1,682,047.70
91,174.35 495,274.03
69.18 45,382.13
45,382.13
174,909.36 50,091.22
3,019.31 17,850.00
8,702.17 6,500.00
690.40 38,612.55
456,395.58 9,896,296.46
40,805.45 1,237,257.10
16,911.81 266,253.60
320,917.49 684,673.28
666.80 47,135.95
89,296.99 584,351. 58
105,567.42 301,854.41
563,287.81 4,479,546.91
8,360.89 563,085.49
28,921. 46 201,428.59
General Fund
Special Revenue Funds
Emergency Preparedness
Street Machinery
Special Gasoline Tax
Federal Revenue Sharing
Special Highway Improvement Fund
Tourism and Convention Promotion
Employee Benefit Fund
Utility Fund
Special Parks and Recreation
Special Alcohol Programs
Special Liability Fund
Fair Housing Assistance Program
Heritage Conservation
Business Improvement District
Debt Service Fund
Bond and Interest
Capital Projects Fund
Construction Fund
Enterprise Funds
Golf Course
Sanitation
Parking Meters
Bicentennial Center
Solid Waste Disposal
Water and Sewerage
Bicentennial Center Events Fund (Note 4)
Da ta Process ing
Water and Sewerage Principal and Interest
Account for Combined Water and Sewage System
Refunding Revenue Bonds, Series of 1984
540,867.98
544,092.61
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I Exhibit A
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I Unencumbered
Cash Ba lance Encumbrances Cash Balance
I Expenditures December 31, 1985 December 31, 1985 December 31, 1985
$ 9,135,119.43 $ 2,610,467.14 $ 777,412.57 $3,387,879.71
I 114,039.03 760.83 4,371.74 5,132.57
I 24,997.69 69,171.91 69,171.91
725,163.45 102,689.76 30,300.47 132,990.23
396,773.85 33,012.68 3,800.00 36,812.68
43,933.27
I 141,199.70 63,161. 33 13,705.82 76,867.15
1,468,767.43 355,727.66 2,353.61 358,081.27
452,598.24 133,850.14 42,347.90 176,198.04
I 45,000.00 451. 31 451. 31
45,000.00 382.13 382.13
34,947.90 190,052.68 3,812.52 193,865.20
18,439.26 2,430.05 2,430.05
I 5,846.54 9,355.63 9,355.63
31,660.88 7,642.07 605.72 8,247.79
I 9,986,447.43 366.244.61. 366,244.61
I 782,180.00 495,882.55 1,743.50 497,626.05
I 249,975.84 33,189.57 1,904.24 35,093.81
684,942.63 320,648.14 9,444.03 330,092.17
44,400.45 3,402.30 3,402.30
I 595,547.83 78,100.74 38,914.32 117,015.06
173,191.33 234,230.50 5,756.37 239,986.87
4,547,061.51 495,773.21 124,947.85 620,721. 06
I 532;070.88 39,375.50 39,375.50
162,287.93 68,062.12 25,772.24 93,834;36
I 750,359.16 334,601.43 334,601.43
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CITY OF SALINA
Salina. Kansas
SUMMARY STATEMENT OF RECEIPTS. EXPENDITURES. AND
BALANCES BY FUNDS AND COMPARISON OF CASH
BALANCES WITH ENCUMBRANCES
Year Ended December 31, 1985
Fund
Unencumbered
Cash Balance
January 1. 1985
Receipts
Water and Sewerage Reserve Accounts for
Combined Water and Sewage System
Refunding Revenue Bonds. Series of 1984
Depreciation and Emergency Replacement
Extension and Bond Retirement
$ 525.744.30 $ 43.221.48
630.807.38 62.890.87
637.096.50 76.685.46
(11,566.75) 548.846.20
12.690.46 997.35
29,540.69 10,152.85
76.540.34 6,356.41
490.00
17,575.17 49.00
$7 .668. 5U. 38 $32,240.223.98
Intragovernmental Fund
Central Garage
Trust and Agency Funds
Citizenship Trust
HUD Community Development
Cemetery Endowment
Mausoleum Trus t
Mausoleum Endowment
Totals (Memorandum Only)
The accompanying notes are an integral
part of this financial statement.
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Expenditures
S
543,961. 07
15,376.76
490.00
S31.751,779.49
Unencumbered
Cash Ba lance
December 31, 1985
S 568,965.78
693,698.25
713,781.96
(6,681. 62)
13,687.81
24,316.78
82,896.75
17,624.17
S8,156,955.87
Encumbrances
December 31, 1985
S
38,108.07
24.59
Sl,125,325.56
Exhibit A (Contd.)
Cash Balance
December 31, 1985
S 568,965.78
693,698.25
713,781.96
31,426.45
13,687.81
24,341. 37
82,896.75
17,624.17
S9 , 282 , 281.43
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CITY OF SALINA
Salina, Kansas
Exhibit B
STATEMENT OF RECEIPTS, EXPENDITURES, AND CHANGES
IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31, 1985
(Over) Under
Actual Budget Budget
GENERAL FUND
Receipts
Current tangible tax $1,553,403.82 $1,586,399.00 $ 32,995.18
Vehicle tax 301,589.27 260,000.00 (41,589.27)
Delinquent taxes 22,109.19 25,500.00 3,390.81
Local sales tax 3,205,156.28 2,950,000.00 (255,156.28)
Bingo gross receipts tax 15,361.97 15,000.00 (361.97)
ci ty liquor tax 45,382.13 45,000.00 (382.13)
Local ad valorem tax reduction 223,979.78 226,900.00 2,920.22
State shared taxes 165,704.39 172,100.00 6,395.61
Auto dealers tax stamps 13,766.36 12,000.00 0,766.36)
Highway maintenance 3,090.00 3,100.00 10.00
Licenses, fees and permits 196,237.30 232,000.00 35,762.70
Municipal court fines 318,389.20 330,000.00 11,610.80
Franchise taxes 1,154,384.54 1,065,000.00 (89,384.54)
Rents and concessions 8,055.00 5,600.00 (2,455.00)
Interest from investments 673,199.29 480,000.00 093,199.29)
Services and sales 192,982.10 181,800.00 (1l,182.10)
Ambulance fees 136,710.17 132,860.00 (3,850.17)
Fire protection - Outside city limi ts 133,238.19 160,000.00 26,761.81
Reimbursement of expenditures 424,449.15 321,160.00 003,289.15)
Transfers from other funds 195,000.00 200,000.00 5,000.00
Total Receipts 8,982,188.13 8,404,419.00 (577,769.13)
Expenditures
Department
City Commission 310,491.65 307,060.00 (3,431.65)
Ci ty Manager 74,057.46 73,690.00 (367.46)
Ci ty Clerk 188,250.97 192,010.00 3,759.03
City Attorney 50,105.69 51,570.00 1,464.31
Municipal Court 59,537.25 56,620.00 (2,917.25)
ci ty Building 122,226.13 131,520.00 9,293.87
Engineering 143,299.24 141,530.00 (1,769.24)
Fire 1,538,381.19 1,596,550.00 58,168.81
Inspection 92,791. 78 104,200.00 11,408.22
Park 396,606.08 397,960.00 1,353.92
Police 1,638,065.80 1,652,880.00 14,814.20
Street 553,122.57 554,180.00 1,057.43
Human Rela tions 50,612.86 50,680.00 67.14
Emergency Medical Services 353,981. 68 385,930.00 31,948.32
Traffic 79,649.81 80,990.00 1,340.19
Swimming Pools 43,502.80 43,300.00 (202.80)
Administration and Planning 92,894.88 110,150.00 17,255.12
Insurance and Contingencies 139,574.05 155,200.00 15,625.95
Arts Commission 93,191.91 89,970.00 (3,221.91)
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CITY OF SALINA
Salina, Kansas
Exhibit B (Contd.)
STATEMENT OF RECEIPTS, EXPENDITURES, AND CHANGES
IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31, 1985
Actual
(Over) Under
Budget
Budget
GENERAL FUND (CONTD.)
Expenditures (Contd.)
Department (Contd.)
Cemetery
General Improvement
Museum
Floodworks
Neighborhood Centers
Capital Improvements
Total Expenditures
Receipts Over (Under) Expenditures
$ 53,609.82 $ 54,630.00 $ 1,020.18
58,191. 38 56,870.00 0,321. 38)
94,291. 66 146,000.00 51,708.34
59,868.97 59,760.00 (108.97)
73,428.75 73,200.00 (228.75)
2,775,385.05 2,990,000.00 214,614.95
9,135,119.43 9,556,450.00 421,330.57
052,931. 30) 0,152,031.00) (999,099.70)
Unencumbered Cash Balance, January 1 2,763,398.44 1,152,031.00 (1,611,367.44)
Unencumbered Cash Balance, December 31 $2.610.467.14 $ ($2.610.467.14)
EMERGENCY PREPAREDNESS (NOTE 2)
Receipts
Other apportionments and grants
Matching funds from the State of
Kansas
Reimbursement of expenditures
Total Receipts
$ 68,556.00
38,047.66
2,726.38
109,330.04
Expenditures
Personal services
Contractual services
Materials and supplies
Sundry expenditures
Capital outlay
Total Expenditures
60,404.57
33,723.95
5,065.02
290.00
14,555.49
114,039.03
Receipts Over (Under) Expenditures
(4,708.99)
Unencumbered Cash Balance, January 1
5,469.82
Unencumbered Cash Balance, December 31 $
760.83
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CITY OF SALINA
Sa lina, Kansas
Exhibit B (Contd.)
STATEMENT OF RECEIPTS, EXPENDITURES, AND CHANGES
IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31, 1985
Actual
(Over) Under
Budget
STREET MACHINERY (NOTE 2)
Receipts
Interest from investments
Transfers from General Fund
Total Receipts
Budget
$ 553.76
7,500.00
8,053.76
Expendi tures
Capital outlay
24,997.69
Receipts Over (Under) Expenditures
(16,943.93)
Unencumbered Cash Balance, January 1
86,115.84
Unencumbered Cash Balance, December 31 $ 69.171.91
SPECIAL GASOLINE TAX
Receipts
Special gasoline tax $ 672,958.30 $ 670,000.00 ($ 2,958.30)
Expenditures
Personal services 63,542.07 68,360.00 4,817.93
Contractual services 398,757.31 400,000.00 1,242.69
Materials and supplies 112,864.07 122,280.00 9,415.93
Transfers to General Fund 150,000.00 150,000.00
Total Expenditures 725,163.45 740,640.00 15,476.55
Receipts Over (Under) Expenditures (52,205.15) (70,640.00) 08,434.85)
Unencumbered Cash Balance, January 1 154,894.91 154,175.00 (719.91)
Unencumbered Cash Balance, December 31 $ 102.689.76 $ 83.535.00 ($ 19.154.76)
FEDERAL REVENUE SHARING
Receipts
Grants from Federal government $ 404,819.00 $ 400,000.00 ($ 4,819.00)
Interest from investments 6,105.47 6,000.00 (105.47)
Total Receipts 410,924.47 406,000.00 (4,924.47)
Expenditures
Contractual service 41,648.00 41,600.00 (48.00)
Transfers to Bicentennial Center 265,000.00 265,000.00
Capital outlay 90,125.85 99,400.00 9,274.15
Total Expenditures 396,773.85 406,000.00 9,226.15
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CITY OF SALINA
Salina, Kansas
Exhibit B (Contd.)
STATEMENT OF RECEIPTS, EXPENDITURES, AND CHANGES
IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31, 1985
Actual Budget
FEDERAL REVENUE SHARING (CONTD.)
Receipts Over Expenditures $ 14,150.62 $
Unencumbered Cash Balance, January 1 18,862.06
Unencumbered Cash Ba lance, December 31 $ 33.012.68 $
SPECIAL HIGHWAY IMPROVEMENT FUND
(NOTE 2)
Receipts $
Expenditures
Capital outlay 43,933.27
Receipts Over (Under) Expenditures (43,933.27)
Unencumbered Cash Balance, January 1 43,933.27
Unencumbered Cash Balance. December 31 $
(Over) Under
Budget
($ 14.150.62)
(18,862.06)
($ 33.012.68)
TOURISM AND CONVENTION
PROMOTION (NOTE 2)
Receipts
Transient guest tax $ 120.453.92
Expenditures
Professional services 141.199.70
Receipts Over (Under) Expenditures (20,745.78)
Unencumbered Cash Balance, January 1 83.907.11
Unencumbered Cash Balance. December 31 $ 63.161.33
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CITY OF SALINA
Sa lina, Kansas
Exhibit B (Contd.)
STATEMENT OF RECEIPTS, EXPENDITURES, AND CHANGES
IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31, 1985
(Over) Under
Actual Budget Budget
EMPLOYEE BENEFIT FUND
Receipts
Current tangible taxes $1,125,757.36 $1,155,299.00 $ 29,541.64
Delinquent taxes 15,532.53 12,000.00 (3,532.53)
Interest on investments 15,007.59 15,000.00 (7.59)
Employees contributions to Kansas
Firemen's and Policemen's Retire-
ment Fund 7,258.38 215,500.00 208,241. 62
Social security contributions 16,241. 58 114,200.00 97,958.42
Employees retirement contributions 18,275.36 228,300.00 210,024.64
Unemployment insurance contributions 396.51 5,600.00 5,203.49
Reimbursement of expenditures 186,104.76 93,400.00 (92,704.76)
Vehicle tax 257,473.63 215,800.00 (41,673.63)
Trans fers from General Fund 40,000.00 40,000.00
Total Receipts 1,682,047. 70 2,095,099.00 413,051.30
Expenditures
Public officials and employee
liability insurance 32,208.00 9,000.00 (23,208.00)
Social security 189,053.45 288,200.00 99,146.55
Police and fire retirement 578,900.30 840,300.00 261,399.70
Employees retirement 114,079.82 363,800.00 249,720.18
Group insurance 420,899.39 457,600.00 36,700.61
Unemployment insurance 9,406.08 35,000.00 25,593.92
Workman's compensation 99,696.00 102,000.00 2,304.00
Earned leave 24,524.39 40,000.00 15,475.61
Total Expenditures 1,468,767.43 2,135,900.00 667,132.57
Receipts Over (Under) Expenditures 213,280.27 (40,801.00) (254,081.27)
Unencumbered Cash Balance, January 1 142,447.39 40,801.00 (101,646.39)
Unencumbered Gash Ba lance, December 31 $ 355.727.66 $ ($ 355.727.66)
UTILITY FUND
Receipts
Current tangible taxes $ 409,804.24 $ 420,547.00 $ 10,742.76
Delinquent taxes 5,301.15 7,000.00 1,698.85
Interest on investments 2,067.29 2,000.00 (67.29)
Vehicle taxes 78,101. 35 65,000.00 (13,101.35)
Total Receipts 495,274.03 494,547.00 (727.03)
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CITY OF SALINA
I Sa lina, Kansas
Exhibit B (Contd.)
STATEMENT OF RECEIPTS, EXPENDITURES, AND CHANGES
I IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31, 1985
I (Over) Under
Actua 1 Budget Budget
UTILITY FUND (CONTD.)
I Expenditures
Gas service $ 44,693.31 $ 59,000.00 $ 14,306.69
Light and power service 89,738.91 123,000.00 33,261. 09
I Water service 21,105.90 40,000.00 18,894.10
Traffic control signa Is 33,387.27 34,500.00 1,112.73
Street lighting 263,672.85 290,000.00 26,327.15
I Total Expenditures 452,598.24 546,500.00 93,901. 76
Receipts Over (Under) Expenditures 42,675.79 (51,953.00) (94,628.79)
I Unencumbered Cash Ba lance, January 1 91,174.35 51,953.00 (39,221.35)
Unencumbered Cash Balance, December 31 $ 133.850.14 $ ($ 133.850.14)
I SPECIAL PARKS AND RECREATION
I Receipts
ci ty liquor tax $ 45,382.13 $ 44,544.00 ($ 838.13)
Expenditures
I Transfer to Genera 1 Fund 45,000.00 45,000.00
Receipts Over (Under) Expendi tures 382.13 (456.00) (838.13)
I I Unencumbered Cash Balance, January 1 69.18 456.00 386.82
Unencumbered Cash Ba lance, December 31 $ 451.31 $ ($ 451. 31)
I I
SPECIAL ALCOHOL PROGRAMS
I I Receipts
Ci ty liquor tax $ 45,382.13 $ 44,945.00 ($ 437.13)
I Expendi tures
Contractual services 45,000.00 45,000.00
Receipts Over (Under) Expenditures 382.13 (55.00) (437.13)
I Unencumbered Cash Balance, January 1 55.00 55.00
I Unencumbered Cash Balance, December 31 $ 382.13 $ ($ 382.13)
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CITY OF SALINA
Salina, Kansas
Exhibit B (Contd.)
STATEMENT OF RECEIPTS, EXPENDITURES, AND CHANGES
IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31, 1985
(Over) Under
Actual Budget Budget
SPECIAL LIABILITY FUND
Receipts
Current tangible taxes S 33,505.10 S 34,407.00 S 901. 90
Delinquent tangible taxes 636.30 500.00 (136.30)
Transfers from other funds 6,640.00 7,000.00 360.00
Vehicle taxes 9,309.82 9,500.00 190.18
Total Receipts 50,091.22 51,407.00 1,315.78
Expenditures
Liability insurance 28,154.00 30,000.00 1,846.00
Professional services 6,793.90 20,000.00 13,206.10
Total Expenditures 34,947.90 50,000.00 15,052.10
Receipts Over Expenditures 15,143.32 1,407.00 (13,736.32)
Unencumbered Cash Balance, January 1 174,909.36 148,593.00 (26,316.36)
Unencumbered Cash Balance, December 31 S 190.052.68 S 150.000.00 (S 40.052.68)
FAIR HOUSING ASSISTANCE
PROGRAM (NOTE 2)
Receipts
Grants from Federal government S 2,600.00
Reimbursement of expenditures 15,250.00
Total Receipts 17,850.00
Expendi tures
Personal services 16,390.80
Contractual services 2,048.46
Total Expenditures 18,439.26
Receipts Over (Under) Expenditures (589.26)
Unencumbered Cash Balance, January 1 3,019.31
Unencumbered Cash Balance, December 31 S 2.430.05
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CITY OF SALINA
Salina, Kansas
Exhibit B (Contd.)
STATEMENT OF RECEIPTS, EXPENDITURES, AND CHANGES
IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31, 1985
Actual
(Over) Under
Budget
HERITAGE CONSERVATION (NOTE 2)
Receipts
Grant
Budget
$ 6,500.00
Expendi tures
Personal services
Contractual services
Materials and supplies
Total Expenditures
5,555.20
281. 69
9.65
5,846.54
Receipts Over Expenditures
653.46
Unencumbered Cash Balance, January 1
8,702.17
Unencumbered Cash Balance, December 31 $
9.355.63
BUSINESS IMPROVEMENT DISTRICT
Receipts
Assessment fees
$
38,612.55 $
36,000.00 ($
2,612.55)
Expendi tures
Personal services 23,195.40 22,880.00 (315.40)
Contractual services 7,411.42 9,700.00 2,288.58
Materials and supplies 689.06 1,600.00 910.94
Sundry expenditures 365.00 300.00 (65.00)
Capital outlay 800.00 800.00
Total Expenditures 31,660.88 35,280.00 3,619.12
Receipts over Expenditures 6,951.67 720.00 (6,231.67)
Unencumbered Cash Balance, January 1 690.40 (690.40)
Unencumbered Cash Balance, December 31 $ 7.642.07 $ 720.00 ($ 6.922.07)
BOND AND INTEREST
Receipts
Current tangible taxes $ 692,093.07 $ 710,336.00 $ 18,242.93
Delinquent tangible taxes 12,630.64 15,000.00 2,369.36
Current special assessment taxes 632,111.47 500,000.00 (132,111.47)
Delinquent special assessment taxes 55,324.84 20,000.00 (35,324.84)
Interest from investments 20,229.21 20,000.00 (229.21)
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CITY OF SALINA
Salina, Kansas
Exhibit B (Contd.)
STATEMENT OF RECEIPTS, EXPENDITURES, AND CHANGES
IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31, 1985
BOND AND INTEREST (CONTD.)
Receipts (Contd.)
Accrued interest on bonds sold
Special assessments
Transfers from other funds
Vehicle taxes
Issuance of General Obligation
Refunding Bonds, Series 1985
(Note 3)
Total Receipts
Expenditures (Note 5)
General bond principal
General bond interest
Curb, gutter and paving principal
(City share)
Curb, gutter and paving principal
(Property owner share)
Curb, gutter and paving interest
(City share)
Curb, gutter and paving interest
(Property owner share)
Fiscal agency commission and postage
Estimated interest - Bonds to be
issued
Transfer to Refunding Escrow Trust
Account (Note 3)
Bond issuance cost (Note 3)
Total Expenditures (Note 5)
Receipts Over (Under) Expenditures
Unencumbered Cash Balance, January 1
Unencumbered Cash Balance, December 31
CONSTRUCTION FUND (NOTE 2)
Receipts
Temporary note
Other
Total Receipts
Expendi tures
Construction and capital outlay
Receipts Over Expenditures
Unencumbered Cash Balance, January 1
Actual
$ 23,119.44
8,722.52
142,200.00
194,865.27
8, 115 , 000 . 00
9,896,296.46
536,000.00
310,752.51
21,546.71
156,453.38
15,138.86
112,213.21
676.51
8,536,176.25
297,490.00
9,986,447.43
$
(90,150.97)
456,395.58
366.244.61 $
$1,017 ,000.00
220,257.10
1,237,257.10
782,180.00
455,077.10
40,805.45
Unencumbered Cash Balance, December 31 $ 495.882.55
Budget
$
2,000.00 ($
5,000.00
142,200.00
170,000.00
1,584,536.00
662,000.00
306,600.00
99,900.00
577 ,100. 00
25,500.00
183,900.00
1,000.00
40,000.00
1,896,000.00
(Over) Under
Budget
21,119.44)
0,722.52)
(24,865.27)
(8,115,000.00)
(8,311,760.46)
126,000.00
(4,152.51)
78,353.29
420,646.62
10,361.14
71,686.79
323.49
40,000.00
(8,536,176.25)
(297,490.00)
(8,090,447.43)
(311,464.00) (221,313.03)
311,464.00 (144,931.58)
($ 366.244.61)
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CITY OF SALINA
Sa lina, Kansas
Exhibit B (Contd.)
STATEMENT OF RECEIPTS, EXPENDITURES, AND CHANGES
IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31, 1985
Actual
GOLF COURSE
Receipts
Membership and green fees
Cart rental
Cart storage
Cart user fees
Oil well lease
Sa les
Total Receipts
$ 170,980.25 $
49,325.40
5,830.00
3,723.00
5,352.16
31,042.79
266,253.60
Expenditures
Personal services
Contractual services
Materials and supplies
Sundry expenditures
Capital outlay
Total Expenditures
95,482.37
41,160.73
52,725.94
58,971.17
1,635.63
249,975.84
Receipts Over (Under) Expenditures
16,277.76
Unencumbered Cash Balance, January 1
16,911.81
Unencumbered Cash Balance, December 31 $ 33.189.57 $
SANITATION
Receipts
Interest from investments
Miscellaneous sales and services
Service fees
Reimbursement of expenditures
Total Receipts
$ 1,107.52
1,360.72
676,055.00
6,150.04
684,673.28
Expenditures
Personal services
Contractual services
Materials and supplies
Transfer to Bond and Interest Fund
Capital outlay
Total Expenditures
267,320.24
142,377.30
85,859.69
130,200.00
59,185.40
684,942.63
Receipts Over (Under) Expenditures
(269.35)
Unencumbered Cash Balance, January 1
320,917.49
Budget
147,000.00 ($
37,200.00
4,500.00
4,000.00
5,000.00
29,700.00
227,400.00
95,780.00
36,700.00
46,100.00
45,700.00
1,890.00
226,170.00
1,230.00
10,842.00
12.072.00 ($
$ 3,000.00
2,500.00
673,920.00
1,000.00
680,420.00
286,520.00
148,220.00
86,670.00
130,200.00
58,200.00
709,810.00
(29,390.00)
257,578.00
Unencumbered Cash Balance, December 31 $ 320.648.14 $ 228.188.00 ($
(Over) Under
Budget
23,980.25)
(12,125.40)
(1,330.00)
277.00
(352.16)
(1,342.79)
08,853.60)
297.63
(4,460.73)
(6,625.94)
(13,271.17)
254.37
(23,805.84)
(15,047.76)
(6,069.81)
21.117.57)
$
1,892.48
1,139.28
(2,135.00)
(5,150.04)
(4,253.28)
19,199.76
5,842.70
810.31
(985.40)
24,867.37
(29,120.65)
(63,339.49)
92 .460.14)
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CITY OF SALINA
Salina, Kansas
Exhibit B (Contd.)
STATEMENT OF RECEIPTS, EXPENDITURES, AND CHANGES
IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31, 1985
Actual
PARKING METERS
Receipts
Parking meter receipts
Parking meter permits
Reimbursement of expenditures
Total Receipts
S 921.43 S
37,214.52
9,000.00
47,135.95
Expenditures
Personal services
Contractual services
Materials and supplies
Total Expenditures
33,489.81
5,845.03
5,065.61
44,400.45
Receipts Over (Under) Expenditures
2,735.50
Unencumbered Cash Balance, January 1
666.80
Unencumbered Cash Balance, December 31 S
3.402.30 S
BICENTENNIAL CENTER
Receipts
Rent
Concessions
Reimbursement of expenditures
Transfers from Federal Revenue
Sharing Fund
Total Receipts
S 133,426.04
183,888.76
2,036.78
265,000.00
584,351. 58
Expenditures
Personal services
Contractual services
Materials and supplies
Sundry expenditures
Capital outlay
Total Expenditures
289,536.97
200,215.53
39,976.67
61,364.89
4,453.77
595,547.83
Receipts Over (Under) Expenditures
(11,196.25)
Unencumbered Cash Balance, January 1
89,296.99
Unencumbered Cash Balance, December 31 S
78.100.74 S
Budget
1,500.00 S
53,200.00
54,700.00
33,320.00
15,100.00
7,490.00
55,910.00
0,210.00)
1,297.00
87.00 (S
S 150,000.00
230,000.00
265,000.00
645,000.00
305,000.00
227,300.00
38,100.00
96,000.00
666,400.00
(21,400.00)
36,213.00
14.813.00 (S
(Over) Under
Budget
578.57
15,985.48
(9,000.00)
7,564.05
(169.81)
9,254.97
2,424.39
11,509.55
(3,945.50)
630.20
3.315.30)
S
16,573.96
46, 111. 24
(2,036.78)
60,648.42
15,463.03
27,084.47
0,876.67)
34,635.11
(4,453.77)
70,852.17
00,203.75)
(53,083.99)
63.287.74)
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CITY OF SALINA
Salina, Kansas
Exhibit B (Contd.)
STATEMENT OF RECEIPTS, EXPENDITURES, AND CHANGES
IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31, 1985
(Over) Under
Actual Budget Budget
SOLID WASTE DISPOSAL
Receipts
Income from leased land 8 162.61 8 12,000.00 8 11,837.39
Service fees 301,566.70 240,000.00 (61,566.70)
Reimbursement of expenditures 125.10 (125.10)
Total Receipts 301,854.41 252,000.00 (49,854.41)
Expenditures
Personal services 68,730.44 72,580.00 3,849.56
Contractual services 29,102.25 28,330.00 (]72.25)
Materials and supplies 55,358.64 57,530.00 2,171. 36
Sundry expenditures 20,000.00 20,000.00
Total Expenditures 173,191.33 178,440.00 5,248.67
Receipts Over (Under) Expenditures 128,663.08 73,560.00 (55,103.08)
Unencumbered Cash Balance, January 1 105,567.42 40,929.00 (64,638.42)
Unencumbered Cash Balance, December 31 8 234.230.50 8 114.489.00 (8 119.741. 50)
WATER AND SEWERAGE FUND
Receipts
Wa ter 82,827,551. 89 82,924,770.00 8 97,218.11
Sewerage 695,584.13 704,000.00 8,415.87
Sanitation fees 676,109.60 665,000.00 01,109.60)
Tapping and front footage service 20,280.06 10,000.00 (10,280.06)
Service charge - Sanitation department 10,716.82 12,000.00 1,283.18
Meter repair and service line revenue 13,964.98 25,000.00 11,035.02
Miscellaneous income 156,890.52 10,000.00 (146,890.52)
Sales tax collections 45,563.91 46,000.00 436.09
Meter depos its 32,885.00 38,000.00 5,115.00
Reserve for Extension and Bond Re-
tirement 400,000.00 400,000.00
Reserve for Depreciation and
Emergency 400,000.00 400,000.00
Total Receipts 4,479,546.91 5,234,770.00 755,223.09
Expenditures
Water supply 93,023.45 97,050.00 4,026.55
Softening and treatment 842,735.36 790,100.00 (52,635.36)
Pumping 162,658.13 211,600.00 48,941. 87
Dis t ribu t ion 361,403.35 364,200.00 2,796.65
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CITY OF SALINA
Salina, Kansas
Exhibit B (Contd.)
STATEMENT OF RECEIPTS, EXPENDITURES, AND CHANGES
IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31, 1985
WATER AND SEWERAGE FUND (CONTD.)
Expenditures (Contd.)
Customer accounting and collection
Administrative and general
Sewage treatment and collection
Bond ordinance requirements
Transfer to Sanitation Department -
Service fees
Capital expenditures
Sales tax remitted
Meter deposits refunded
Transfer to Reserve for Extension
and Bond Retirement
Reserve for Depreciation and
Emergency
Total Expenditures
Receipts Over (Under) Expenditures
Unepcumbered Cash Balance, January 1
Actual
$ 305,470.14
629,736.09
588,427.98
535,446.19
676,055.00
268,921. 91
45,563.91
37,620.00
4,547,061.51
(67,514.60)
563,287.81
Budget
$ 318,400.00
680,610.00
614,500.00
407,850.00
665,000.00
400,000.00
40,000.00
33,000.00
400,000.00
400,000.00
5,422,310.00
(187,540.00)
661,975.00
(Over) Under
Budget
$ 12,929.86
50,873.91
26,072.02
027,596.19)
(ll,055.00)
131,078.09
(5,563.91)
(4,620.00)
400,000.00
400,000.00
875,248.49
(120,025.40)
98,687.19
Unencumbered Cash Balance, December 31 $ 495.773.21 $ 474.435.00 ($
BICENTENNIAL CENTER EVENTS
FUND (NOTE 4)
Receipts
Expenditures
Transfer of net rental fees to
Bicentennial Center Fund
Special events expenditures
Total Expenditures
Receipts Over Expenditures
Unencumbered Cash Balance, January 1
Unencumbered Cash Balance, December 31 $
$ 563,085.49
40,000.00
492,070.88
532,070.88
31,014.61
8,360.89
39,375.50
21. 338.21)
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CITY OF SALINA
Sa Una. Kansas
Exhibit B (Contd.)
STATEMENT OF RECEIPTS. EXPENDITURES. AND CHANGES
IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31. 1985
(Over) Under
Actual Budget Budget
DATA PROCESSING
Receipts
Sale of commodities $ 1 . 136.09 $ 1 . 000. 00 ($ 136.09)
Fees 194.605.00 162,900.00 (31.705.00)
Computer programming service 5.687.50 10.000.00 4.312.50
Total Receipts 201,428.59 173,900.00 (27,528.59)
Expenditures
Personal services 62,044.55 65.240.00 3.195.45
Contractual services 95.867.38 101,470.00 5.602.62
Materials and supplies 4,376.00 5,900.00 1.524.00
Total Expenditures 162,287.93 172,610.00 10,322.07
Receipts Over Expenditures 39 , 140. 66 1.290.00 (37,850.66)
Unencumbered Cash Balance. January 1 28,921.46 87.00 (28,834.46)
Unencumbered Cash Balance. December 31 $ 68.062.12 $ 1.377.00 ($ 66.685.12)
PRINCIPAL AND INTEREST ACCOUNT FOR
COMBINED WATER AND SEWAGE SYSTEM
REFUNDING REVENUE BONDS. SERIES OF
1984 (NOTE 2)
Receipts
Interest from investments $ 8,646.42
Trans fers from Wa ter and Sewerage
Fund 535.446.19
Total Receipts 544,092.61
Expendi tures
Bond principal 490.000.00
Bond interest 260,359.16
Total Expenditures 750,359.16
Receipts Over (Under) Expenditures (206.266.55)
Unencumbered Cash Balance. January 1 540,867.98
Unencumbered Cash Ba lance, December 31 $ 334,601.43
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CITY OF SALINA
Salina, Kansas
Exhibit B (Contd.)
STATEMENT OF RECEIPTS, EXPENDITURES, AND CHANGES
IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31, 1985
Actual Budget
RESERVE ACCOUNT FOR COMBINED WATER
AND SEWAGE SYSTEM REFUNDING REVENUE
BONDS, SERIES OF 1984 (NOTE 2)
Receipts
Interest from investments $ 43,221.48
Expenditures
Receipts Over Expenditures 43,221. 48
Unencumbered Cash Balance, January 1 525,744.30
Unencumbered Cash Ba lance, December 31 $ 568,965.78
(Over) Under
Budget
RESERVE ACCOUNT FOR COMBINED WATER
AND SEWAGE SYSTEM DEPRECIATION AND
EMERGENCY REPLACEMENT (NOTE 2)
Receipts
Interest from investments
$
62,890.87
Expenditures
Receipts Over Expenditures
62,890.87
Unencumbered Cash Balance, January 1
630,807.38
Unencumbered Cash Balance, December 31 $ 693,698.25
RESERVE ACCOUNT FOR COMBINED WATER
AND SEWAGE SYSTEM EXTENSION AND
BOND RETIREMENT (NOTE 2)
Receipts
Interes t from investments $ 76,685.46
Expenditures
Receipts Over Expenditures 76,685.46
Unencumbered Cash Balance, January 1 637,096.50
Unencumbered Cash Balance, December 31 $ 713,781.96
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CITY OF SALINA
Salina, Kansas
Exhibit B (Contd.)
STATEMENT OF~RECEIPTS, EXPENDITURES, AND CHANGES
IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31, 1985
Actual Budget
CENTRAL GARAGE (NOTE 2)
Receipts
Reimbursement of expenditures $ 548,846.20
Expendi tures
Personal services 98,352.30
Contractual services 49,181. 61
Materials and supplies 370,937.38
Sundry expenditures 22,718.26
Capital outlay 2,771.52
Total Expenditures 543,961.07
Receipts Over Expenditures 4,885.13
Unencumbered Cash Balance (Deficit),
January 1 01,566.75)
Unencumbered Cash Balance (Deficit),
December 31 ($ 6.681. 62)
(Over) Under
Budget
CITIZENSHIP TRUST (NOTE 2)
Receipts
Interest from investments
$
997.35
Expenditures
Receipts Over Expenditures
997.35
Unencumbered Cash Balance, January 1
12,690.46
Unencumbered Cash Balance, December 31 $
13.687.81
HUD COMMUNITY DEVELOPMENT (NOTE 2)
Receipts
Interes t from inves tments $
Collection of housing and winteri-
zation loans - Principal and
interest
Miscellaneous
Total Receipts
412.32
9,479.29
261. 24
10,152.85
Expenditures
Personal services
Contractual services
Materials and supplies
Total Expenditures
3,924.45
10,707.37
744.94
15,376.76
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CITY OF SALINA
Sa lina, Kansas
Exhibit B (Contd.)
STATEMENT OF RECEIPTS, EXPENDITURES, AND CHANGES
IN UNENCUMBERED CASH BALANCES COMPARED WITH BUDGET
Year Ended December 31, 1985
(Over) Under
Actual Budget Budget
Receipts Over (Under) Expenditures (S 5,223.91)
Unencumbered Cash Ba lance, January 1 29,540.69
Unencumbered Cash Balance, December 31 S 24.316.78
CEMETERY ENDOWMENT (NOTE 2)
Receipts
Interest from investments S 3,884.76
Perpetual care deposits 2,471.65
Total Receipts 6,356.41
Expenditures
Receipts Over Expenditures 6,356.41
Unencumbered Cash Balance, January 1 76,540.34
Unencumbered Cash Balance, December 31 S 82.896.75
MAUSOLEUM TRUST (NOTE 2)
Receipts S
Expendi tures
Sundry expenditures 490.00
Receipts Over (Under) Expenditures (490.00)
Unencumbered Cash Balance, January 1 490.00
Unencumbered Cash Balance, December 31 S
MAUSOLEUM ENDOWMENT (NOTE 2)
Receipts
Sale of mausoleum space S 49.00
Expenditures
Receipts Over Expendi tures 49.00
Unencumbered Cash Balance, January 1 17,575.17
Unencumbered Cash Balance, December 31 S 17.624.17
The accompanying notes are an integral
part of this financial statement.
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CITY OF SALINA
Salina, Kansas
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NOTES TO FINANCIAL STATEMENTS
December 31, 1985
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1. Summary of Significant Accounting Policies
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The City maintains its accounting records in accordance with the principles
of fund accounting in order to ensure observance of limitations and restric-
tions placed on the use of resources available. This is the procedure by
which resources are classified for accounting and reporting into funds estab-
lished according to their nature and purposes.
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The City of Salina maintains its accounting records for all funds on the cash
basis, except that expenditures incurred but not paid and purchase commitments
at December 31 are" recorded as encumbrances at that date. This method serves
to develop information relative to compliance with the budget, cash basis,
and other statutes applicable to municipalities within the State of Kansas.
The method is not, however, in accordance with generally accepted accounting
principles for municipalities. Generally accepted accounting principles
require:
a. Certain accounts receivable to be recorded in the financial
statements. The City does not record these receivables
until they are collected in cash.
b. Expenditures to be recorded generally on the accrual basis.
The City records purchase commitments as encumbrances at
year-end, and any loss from loss contingencies is not
recorded until the amount of the loss is payable.
c. The General Fixed Assets and the General Long-Term Debt Account
Groups to be maintained. The City does not maintain these
account groups.
d. Transfers between funds to be recorded as reductions to fund
balance of the fund making the transfers and as additions
to fund balance of the fund receiving the transfer. The
City records such transfers as expenditures of the fund
making the transfer and as receipts of the fund receiving
the transfer.
e. The annual financial statements to include a combined balance
sheet for all fund types and account groups; a combined
statement of revenues, expenditures, and changes in fund
balance for all governmental fund types and expendable
trust funds; and a combined statement of revenues, expendi-
tures, and changes in fund balance and combined comparison
with budget for all governmental fund types. These required
financial statements are not included in this report.
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The City has, by charter ordinance, elected to exempt itself from the Kansas
statutory requirement to maintain fixed asset records, and has requested the
Director of Accounts and Reports to waive the requirements of K.S.A. 75-1120a
as related to the preparation of financial statements in conformity with gener-
ally accepted accounting principles.
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2.
Budgets
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Applicable Kansas statutes require that
unless exempted by a specific statute.
contain several funds for which budgets
omitting certain budget comparisons are
budgets be legally adopted for all funds
The accompanying financial statements
were not prepared. The reasons for
described below.
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Special Revenue Funds - Certain of the special revenue funds
are not budgeted since their revenues are designated for a
special purpose or the fund represents a clearing account.
Capital Projects Fund - The capital projects fund is not
budgeted since provision for payment of expenditure is
from the issuance of bonds, temporary notes, and special
assessments and charges.
Water and Sewerage Bond Fund and Reserve Accounts - These
funds are not budgeted since receipts and expenditures
are in accordance with requirements of applicable bond
issues.
Central Garage - The fund is an intragovernmental fund whose
expenditures are reimbursable by other funds.
Trust and Agency Funds - The individual trust and agency funds
are not subject to the budget law since the assets do not
belong to the City of Salina.
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3. Long-Term Obligations
a. General Obligation and Special Assessment Bonds
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The City issued $8,115,000.00 General Obligation Refunding Bonds, Series
1985, (the 1985 Bonds), dated October 15, 1985, for the purpose of re-
funding all the City's General Obligation and Special Assessment Bonds
outstanding (the Refunded Bonds) in the amount of $9,430,000.00 as of
October 15, 1985. Cash and bond proceeds were transferred to a Refunding
Escrow Trust Account at a local bank, pursuant to an escrow trust agree-
ment dated as of October 15, 1985, to provide the necessary funds for
refunding of the Refunded Bonds, as follows:
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Funds transferred to Refunding Escrow Trust Account
Net proceeds of the 1985 bonds
Other bond and interest funds
$7,817,510.00
718,666.25
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Total
$8.536.176.25
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Funds transferred to the Refunding Escrow Trust Account were invested in
United States Government obligations, and the investments and interest
earned on such investments will be sufficient to pay all principal and
interest on the Refunded Bonds as they become due.
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The principal amount of $8,805,000.00 of the Refunded Bonds remains
outstanding at December 31, 1985. Neither the assets deposited with
the escrow agent for the retirement of the Refunded Bonds nor the
outstanding Refunded Bonds are reflected in the accompanying financial
statements.
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b.
Revenue Bonds
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The City has outstanding an issue of Combined Water and Sewer System
Revenue Bonds, Series of 1961, of which the principal amount of
$220,000.00 remains outstanding at December 31, 1985, an issue of
Combined Water and Sewer System Revenue Bonds, Series of 1977, of
which the principal amount of $2,960,000.00 remains outstanding at
December 31, 1985, and an issue of Combined Water and Sewage System
Refunding Revenue Bonds, Series of 1978, of which the principal
amount of $4,387,000.00 remains outstanding at December 31, 1985.
The City has provided for the payment of all principal and interest
on the bonds by depositing United States Government obligations to
escrow accounts at a local bank pursuant to certain escrow trust
agreements.
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Neither the assets deposited with the escrow agent for retirement of
the 1961, 1977, and 1978 bonds nor the outstanding 1961, 1977, and
1978 obligations, are reflected in the accompanying financial statements.
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The City has established certain reserve accounts pursuant to a bond
ordinance authorizing the issuance of Combined Water and Sewage System
Refunding Revenue Bonds, Series of 1984, to provide funds for the
retirement of the bonds and payment of interest thereon and for making
replacements to the system in the event other funds are not available.
The gross revenues of the Water and Sewerage Department are pledged to
secure payment of the bonds; however, the pledge is subordinate to a
similar pledge to secure payment of the 1961, 1977, and 1978 bonds.
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The amounts required to be maintained in the reserve accounts estab-
lished by the bond ordinance authorizing issuance of the 1984 bonds
have been provided and the net operating income of the water and
sewerage system appears sufficient to meet the requirements of the
ordinance.
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4. Bicentennial Center Events Fund
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The Bicentennial Center Events Fund is used as a clearing account for special
events when the City acts as the promotor's agent. Receipts from special events
are deposited in the fund and related expenses are disbursed from the fund.
The City's rental fees from such events are transferred from the fund to the
Bicentennial Center Fund.
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5. Bonds and Interest Fund
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Expenditures of the Bond and Interest Fund for the transfer to the Refunding
Escrow Trust Account and payment of bond issuance costs in the total amount
of $8,115,000.00 were funded by the issuance of the General Obligation Refunding
Bonds, Series 1985. Accordingly, expenditures of the Bond and Interest Fund
are not in violation of the Kansas budget law (K.S.A. 79-2935) for the year
1985.
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6. Capital Projects Fund
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The Capital Projects Fund is used to account for the purchase or construction
of capital facilities, equipment, and public improvements.
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A summary of the fund's unencumbered cash balance at December 31, 1985 follows:
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Cash balance (deficit) resulting from
Capital projects completed
Capital projects in process
Special assessments projects
Reserves for future capital projects
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Tota 1
$652,503.19
18,839.42
(393,300.59)
217,840.53
$495,882.55
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The deficit resulting from special assessments projects will be funded by the
issuance of special assessment bonds.
7. Compliance with Kansas Statutes
A summary of statutory violations related to 1985 follows.
a. Encumbrances of the Central Garage exceed the cash balance of
the fund by $6,681.62 as of December 31, 1985, which appears
to be in violation of the Kansas cash basis law (K.S.A. 10-1113).
b. Expenditures of the Golf Course exceeded budgeted expenditures
for the year ended December 31, 1985, by $23,805.84, which appears
to be a violation of the Kansas budget law (K.S.A. 79-2935).
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8. Fund Transfers
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Following is a schedule of transfers between funds for the year 1985.
To
Amount
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Special Parks and Recreation
Special Gasoline Tax
General Fund - Street
Federal Revenue Sharing Fund
General Fund - Contingencies
General Fund - Contingencies
General Fund - Contingencies
Sanitation
Water and Sewerage -
Administrative and general
Water and Sewerage
Solid Waste Disposal -
Contractual Services
Golf Course - Contractual
Services
Sanitation - Contractual
Services
Water and Sewerage - Admini-
strative and general
Bicentennial Center Events Fund
Water and Sewerage - Bond
Ordinance requirements
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General Fund
Genera 1 Fund
Street Machinery
Bicentennial Center
Data Processing - Fees
Employee Benefit Fund
Central Garage
Bond and Interest
$ 45,000.00
150,000.00
7,500.00
265,000.00
47,000.00
40,000.00
7,500.00
130,200.00
Bond and Interest
Sanitation - Service Fees
12,000.00
676,055.00
Special Liability Fund
300.00
Special Liability Fund
1,140.00
Special Liability Fund
700.00
Special Liability Fund
Bicentennial Center - Rent
4,500.00
40,000.00
Principal and Interest
Account for Combined
Water and Sewage System
Refunding Revenue Bonds,
Series of 1984
535,446.19
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Supplemental Information
Purpose
General Obligation Bonds
Library
City-County building
Municipal golf course
Municipal golf course
Bicentennial Center
Park improvements
Park improvements
Bridge improvements
Solid was te
Fire equipment
Fire equipment
Revenue Bonds
Water and sewerage
Temporary Note
Special Assessment Bonds
Special Assessment Bonds
Special Assessment Bonds
Special Assessment Bonds
Special Assessment Bonds
Special Assessment Bonds
Special Assessment Bonds
Special Assessment Bonds
Special Assessment Bonds
Special Assessment Bonds
Special Assessment Bonds
Special Assessment Bonds
General Obligation Refunding
Bonds, Series 1985
Totals
CITY OF SALINA
Salina, Kansas
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SCHEDULE OF INDEBTEDNESS
December 31, 1985
Da te of
Issue
Final
Ma tud ty
Date
Rate
11-01-65
11-01-66
12-01-67
10-01-68
4-01-77
12-15-77
6-01-79
6-01-80
3-01-81
3-01-81
4-01-84
11-01-86
11-01-87
12-01-86
10-01-86
10-01-97
3-01-88
12-01-89
12-01-90
9-01-87
9-01-91
4-01-94
3.25% to 3.375%
3.75% to 5.0%
3.75% to 4.25%
3.75% to 4.25%
4.6% to 5.25%
4.375% to 4.75%
5.375% to 6.0%
5.7% to 6.75%
7.25% to 8.0%
7.5% to 8.0%
7.8% to 8.6%
6-15-84
2-15-94
7.25% to 9.75%
7-08-85
7-01-87
7.0%
11-01-65
11-01-67
11-01-68
4-01-70
9-01-75
12-01-77
6-01-78
6-01-79
6-01-80
3-01-81
5-01-83
12-01-84
3 1/4%
3.7% to 4.25%
3.9% to 4.5%
5 1/2% to 6%
4 1/4%
4.4% to 4.7%
4.7% to 5%
6.0% to 5.4%
5.80% to 5.75%
7.5% to 8.0%
6.5% to 7.5%
8.25% to 9.15%
10-15-85
4-01-96
5.75% to 9.0%
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I Amount of
Original
I Issue
$ 675,000.00
I 1,100,000.00
75,000.00
75,000.00
I 6,500,000.00
250,000.00
250,000.00
250,000.00
I 900,000.00
280,000.00
425,000.00
I 10,780,000.00
I 2,770,000.00
1,017,000.00
I 265,000.00
155,000.00
58,267.56
I 79,481. 71
428,000.00
888,000.00
755,000.00
I 1,286,000.00
1,450,000.00
836,000.00
I 820,000.00
768,000.00
7,788,749.27
I 8,115,000.00
I $30.470.749.27
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Outstanding
Debt
Janua ry 1, 1985
$ 60,000.00 $
165,000.00
12,000.00
12,000.00
4,225,000.00
100,000.00
125,000.00
150,000.00
330,000.00
210,000.00
425,000.00
5,814,000.00
2,770,000.00
20,000.00
20,000.00
13,000.00
24,000.00
45,000.00
285,000.00
300,000.00
650,000.00
870,000.00
595,000.00
740,000.00
768,000.00
4,330,000.00
Year Ended December 31, 1985
Debt Debt
Issued Retired
1,017,000.00
8,115,000.00
$ 60,000.00 $
165,000.00
12,000.00
12,000.00
4,225,000.00
100,000.00
125,000.00
150,000.00
330,000.00
210,000.00
425,000.00
5,814,000.00
490,000.00
20,000.00
20,000.00
13,000.00
24,000.00
45,000.00
285,000.00
300,000.00
650,000.00
870,000.00
595,000.00
740,000.00
768,000.00
4,330,000.00
Schedule 1
Outstanding
Debt
December 31, 1985
2,280,000.00
1,017,000.00
8,115,000.00
$12.914.000.00 $9.132.000.00 $10.634.000.00 $11.412.000.00
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CITY OF SALINA
Sa lina, Kanaas
SCHEDULE OF INDEBTEDNESS
December 31, 1985
Payable in Year
Ended December 31,
Total
1986
1987
1988
1989
1990
Thereafter
Sl,395,000.00
1,270,000.00
1,020,000.00
930,000.00
785,000.00
2,715,000.00
Tota Is
88.115.000.00
Property
Owner's
Sha re
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General Obligation Refunding
Principal
8 552,420.00
502,920.00
403,920.00
368,280.00
310,860.00
1,075,140.00
84.901.460.00 83.213.540.00
City Share
S 842,580.00
767,080.00
616,080.00
561,720.00
474,140.00
1,639,860.00
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Bonds, Series 1985
Interes t
Property
Owner's
Tota 1 City Share Sha re
S 550,968.06 S 332,785.00 S 218,183.06
493,975.00 298,361. 00 195,614.00
414,237.50 250,198.00 164,039.50
343,275.00 207,338.00 135,937.00
275,668.75 166,504.00 109,164.75
644,451. 25 389,252.00 255,199.25
S2,722,575.56 S1.644,438.00 SI,078, 137.56
Schedule 1 (Contd.)
Revenue Bonds
Principal Interest
S 310,000.00
210,000.00
230,000.00
250,000.00
275,000.00
1,005,000.00
S190,852.50
170,177.50
151,740.00
131,027.50
107,715.00
189,850.00
S2,280,OOO.00
S941,362.50
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Cash in Depositories
Planters Bank and
Trust Company
Sa lina, Kansas
National Bank of
America, Salina,
Kansas
First National
Bank and Trust
Company, Salina,
Kansas
First Bank and
Trust Co.,
Salina, Kansas
Security Savings
and Loan
Association,
Salina, Kansas
Total Cash in
Depos i tories
CITY OF SALINA
Salina, Kansas
COMPOSITION OF ENDING CASH BALANCES
December 31, 1985
Cash in
Checking
Cash in
Savings
Certificates
of Deposit
($19,642.87) $ $2,796,000.00
408.59 2,878,000.00
38,607.47(1) 344,559.02 1,810,000.00
879.22 1,400,000.00
30,000.00
$20.252.41
$374.559.02 $8.884.000.00
Petty Cash
Water and Sewerage Department
Bicentennial Center
Total Petty Cash
Total
(1) Includes Repurchase Agreement balance of $70,000.00
Schedule 2
Total
$2,776,357.13
2,878,408.59
2,193,166.49
1,400,879.22
30,000.00
9,278,811.43
2,500.00
970.00
3,470.00
$9.282.281.43
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CITY OF SALINA
Salina, Kansas
Schedule 3
COMPARISON OF GROSS CASH BALANCES WITH DEPOSITORY SECURITY
December 31, 1985
Gross Cash Balances
Cash in checking
Cash in savings
Certificates of
depos it
Federa 1 funds
Totals
Less FDIC or FSLIC
coverage
Balances Securable
by Collateral
Security required
( 100%)
Security provided
by depos itories
Amount Undersecured
by Statute $
Securi ty
Planters First National First Bank Savings
Bank and National Bank Bank and and Trus t and Loan
Trust Company of America Trust Company Co. Association
$ 716,771.12 $ 408.59 $ 5,699.50 $ 1,622.22 $
344,559.02 30,000.00
2,796,000.00 2,878,000.00 1,810,000.00 1,400,000.00
70,000.00
3,512,771.12 2,878,408.59 2,230,258.52 1,401,622.22 30,000.00
200,000.00 100,408.59 105,699.50 101,622.22 30,000.00
$3.312.771.12 $2.778.000.00 $2.124.559.02 $1. 300.000.00 $
$3,312,771.12 $2,778,000.00 $2,124,559.02 $1,300,000.00 $
4,250,315.19 3,593,577.76 3,139,663.00 2,093,907.00
$
$
$
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CITY OF SALINA
Salina, Kansas
Schedule 4
COMPARISON OF SPECIAL ASSESSMENTS PROJECTS EXPENDITURES TO AUTHORIZATIONS
December 31, 1985
Project Name
Project
Authorization
Cumulative
Expenditures
Street Improvements - Episcopal Military
Institute
Street Improvements - Mayfair Addition
Street Improvements and Water Line and
Sanitary Sewer Extensions
Street and Drainage Improvements and
Water Line and Sanitary Sewer Extensions
$ 401,235.00
251,295.00
$263,966.74
197,542.34
621,715.75
454,704.80
1,317,005.80
619,033.06
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CITY OF SALINA
Sa lina, Kansas
Schedule 5
SCHEDULE OF ACTIVE FEDERAL AWARDS
Year Ended December 31, 1985
Project Amount of
Program Title Number Award
Federa 1 Revenue Sharing 16th Entitlement Period 8404,819
Account No. 17-2-085-005
Fair Housing As s is tance Program HA-12694 14,850
Fair Housing Assistance Program HA-14562 2,400
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AUDITORS' FINDINGS
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CITY OF SALINA
Sa lina, Kansas
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SCHEDULE OF AUDITORS' FINDINGS
Year Ended December 31, 1985
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Federal Revenue Sharing
Findings
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Compliance Requirement - The government is required to provide certain finan-
cial data to the Bureau of Census. These data are to be verified by the
auditor.
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Information reported on Bureau of Census forms did not agree with the
City's annual financial statements. Material differences for the City's
fiscal year ended December 31, 1984, are shown below.
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Form F-21A (1984)
Part I - Revenues
Line 2.1. - Other - Solid waste, as reported
Add audit adjustment entry to record revenue
to solid waste
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As Adjus ted
S 283,383
19,000 /
S 302.383
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4,09
S1.012.54l
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Line 5 - Interest Earnings, as reported
Add Water and Sewerage System interest and other interest
As Adjus ted
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Part IIA Direct Expenditures by Purpose and Type
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Line 3 - General municipal
buildings, as reported
Deduct audit adjustment to
record 1983 encumbrance
Current Operation
Direct Capital
Expenditure
Including
Salaries & Wages Construction
Outlay
Purchase of
Land, Equip-
ment, Etc.
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S225,000
225,000
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As Adjus ted
S
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Line 10 - Health (Other than
hospital), as reported
Add expenditures for cemetery
S
46,502
S
4,427
As Adjus ted
S46.502
S 4.427
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-See Auditors' Report on Compliance-
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CITY OF SALINA
Sa lina, Kansas
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SCHEDULE OF AUDITORS' FINDINGS (CONTD.)
Year Ended December 31, 1985
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Federal Revenue Sharing (Contd.)
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Current Operation
Direct
Expenditure
Including
Salaries & Wages
Capital Outlay
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Construction
Purchase of
Land, Equip-
ment, Etc.
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Line 16 - Fire, as reported
Add expenditures for a fire
truck
$ 95,071
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$520.133
As Adjusted
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Line 20 - Parks and other
recreation, as reported
Add various expenditures
Deduct expenditures for park
bridges recorded twice
$455,825
136,286
$187,633
$ 23,974
9,659
.;
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12,900
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As Adjusted
$592.111
$174.733
$ 33.633
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Line 24.a. - Utilities -
Water supply system, as
reported
Add expenditures
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$302.695
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As Adjusted
Part IV - Cash and Investment Assets at End of Fiscal Year
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Held in
Sinking Funds
He ld in
Bond Funds
Held in All Other
Funds, Except For
Any Employee -
Retirement Fund
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Line 1 - Cash and deposits,
as reported
Add principal and interest
account
$9,127,623
501,093
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As Adjus ted
$9.628.716
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Compliance Requirement - Government is to make the audit report available for
public inspection no later than 30 days following its completion and receipt
by the government.
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Audit findings indicate that the notice of availability of the December 31,
1984, audit report was not published.
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-See Auditors' Report on Compliance-
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SEPARATE FINANCIAL STATEMENTS
WATER AND SEWERAGE DEPARTMENT
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CITY OF SALINA
Salina, Kansas
WATER AND SEWERAGE DEPARTMENT
FINANCIAL STATEMENTS AND AUDITORS' REPORT
December 31, 1985 and 1984
KENNEDY AND COE
Certified Public Accountants
Salina, Kansas
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MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
KENNEDY AND COE
CERTIFIED PUBLIC ACCOUNTANTS
OFFICES IN
KANSAS
NEBRASKA
OKLAHOMA
COLORADO
HOME OFFICE:
P.O. BOX 1100
SALINA, KANSAS 67402.1100
913-825-1561
To the Mayor and
The Board of City Commissioners:
We have examined the balance sheets of the Water and Sewerage Department of the
City of Salina, Kansas, as of December 31, 1985 and 1984, and the related state-
ments of income, contributed capital and retained earnings, and changes in financial
position for the years then ended. Our examinations were made in accordance with
generally accepted auditing standards and, accordingly, included such tests of
the accounting records and such other auditing procedures as we considered nec-
essary in the circumstances.
In our opinion, the financial statements referred to above present fairly the finan-
cial position of the Water and Sewerage Department of the City of Salina, Kansas,
as of December 31, 1985 and 1984, and the results of its operations and the changes
in its financial position for the years then ended, in conformity with generally
accepted accounting principles applied on a consistent basis.
Respectfully submitted,
Salina, Kansas
June 23, 1986
4 ~ {>.AR.-
~0~
C.P.A.
Certified Public Accountant in charge
of and actively engaged on this audit.
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CITY OF SALINA
Salina, Kansas
WATER AND SEWERAGE DEPARTMENT
BALANCE SHEETS
ASSETS
Current Assets
Cash and investments
Accounts receivable, net of allowance for
doubtful accounts - 1985, S24,854; 1984, S41,316
Prepaid supplies
Total Current Assets
Restricted Assets
System sinking fund
Cash and investments
Plant reserve fund
Cash and investments
System reserve fund
Cash and investments
Total Restricted Assets
Property, Plant, and Equipment
Land
Water plant and equipment
Sewerage plant and equipment
Furniture and office equipment
Construction in progress
Less accumulated depreciation
Total Property, Plant, and Equipment
Other Assets
Deferred bond issuance costs, net of amortization
Tota ls
S 730,737
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December 31,
1985 1984
S 620,721
251,437
129,150
1,001,308
334,601
568,966
1,407,480
2,311,047
116,263
14,920,706
10,070,772
155,934
113,865
25,377 ,540
12,690,295
12,687,245
141,292
S16,140.892
The accompanying notes are an integral part
of these financial statements.
262,705
109,983
1,103,425
540,868
525,744
1,267,904
2,334,516
116,263
14,585,306
9,968,717
73,961
303,828
25,048,075
12,133,122
12,914,953
158,680
S16.511.574
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LIABILITIES
Current Liabilities
Accounts payable
Customers' meter deposits
Accrued interest payable
Long-term obligations due within one year (Note 2)
Total Current Liabilities
Long-Term Obligations
Revenue bonds due after one year (Note 2)
Reserves, Contributed Capital and Retained Earnings
Reserves
System sinking fund
Plant reserve fund
System reserve fund
Total Reserves
Contributed capital and retained earnings
(Exhibit C)
Total Reserves, Contributed Capital and
Retained Earnings
Totals
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Exhibit A
December 31,
1985 1984
S
124,458
56,355
76,074
310,000
566,887
S
166,906
61,090
129,128
490,000
847,124
1,970,000
2,280,000
334,601 540,868
568,966 525,744
1,407,480 1,267,904
2,311,047 2,334,516
II ,292,958 ll,049,934
13,604,005 13,384,450
S16.140.892 S16. 511. 574
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CITY OF SALINA
Salina, Kansas
WATER AND SEWERAGE DEPARTMENT
STATEMENTS OF INCOME
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Operating Revenues
Wa ter revenue
Sewerage revenue
Tapping service and frontage charges
Meter repair and service line revenue
Service charge - Sanitation department
Miscellaneous income
Total Operating Revenues
Operating Expenses
Water supply
Softening and treatment
Pumping
Distribution
Customers' accounting and collection
Administrative and general
Sewage treatment and collection
Depreciation
Total Operating Expenses
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Operating Income
Other Income
Interest on investments
Miscellaneous
Total Other Income
Other Expenses
Interest on revenue bonds
Amortization of deferred bond issuance costs
Loss on retirement of assets
Total Other Expenses
Net Income before Extraordinary Item
Extraordinary Item
Gain on advance refunding of revenue bonds (Note 2)
Net Income
Exhibit B
Year Ended December 31,
1985 1984
S2,812,450
695,584
20,280
13,965
10,717
26,954
3,579,950
93,024
842,735
175,286
342,237
305,470
611,571
588,428
597,084
3,555,835
24,115
189,743
129,937
319,680
207,306
17,388
12,555
237,249
106,546
S 106.546
The accompanying notes are an integral part
of these financial statements.
S2,851,556
675,895
21,065
27,441
6,733
10,988
3,593,678
84,774
725,203
206,749
343,330
297,587
586,998
586,974
609,964
3,441,579
152,099
222,304
46,932
269,236
256,326
9,420
40,829
306,575
114,760
426,987
S 541. 747
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CITY OF SALINA
Salina, Kansas
WATER AND SEWERAGE DEPARTMENT
Exhibit C
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STATEMENTS OF CONTRIBUTED CAPITAL AND RETAINED EARNINGS
Balance, Beginning of Year
Additions
Net income for the year (Exhibit
Contributions of property, plant
Transfers from
System sinking fund reserve
Plant reserve fund
Total Additions
Deductions
Transfers to restricted reserves
System sinking fund
Plant reserve fund
System reserve fund
Total Deductions
Balance, End of Year
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Year Ended December 31,
1985 1984
Sll,049,934 S 9,689,573
B) 106,546 541,747
and equipment 113,O09 23,462
751,054 1,312,389
225,551
970,609 2,103,149
544,787
43,222
139,576
727,585
576,035
59,301
107,452
742,788
Sll.292.958
S11. 049.934
The accompanying notes are an integral part
of these financial statements.
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CITY OF SALINA
Sa lina, Kansas
WATER AND SEWERAGE DEPARTMENT
STATEMENTS OF CHANGES IN FINANCIAL POSITION
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Sources of Working Capital
From Operations
Net income before extraordinary item (Exhibit
Charges against net income not affecting
working capital
Depreciation
Amortization of deferred bond issuance costs
Loss on dispositions of property, plant, and
equipment
Working capital provided by operations before
extraordinary item
Extraordinary item - Gain on advance refunding
of revenue bonds
Working capital provided by operations
Issuance of revenue bonds
Decrease in restricted assets
Total Sources of Working Capital
Applications of Working Capital
Refunding of revenue bonds
Outstanding revenue bonds refunded
Funds transferred from
System sinking fund
Plant reserve fund
Refunding of revenue bonds - Net
Decrease in long-term obligations
Additions to property, plant, and equipment
(net of contributions - 1985, $113,009;
1984 - $23,462)
Increase in deferred bond issuance costs - Net
Increase in restricted assets
Total Applications of Working Capital
Increase (Decrease) in Working Capital
310,000
268,922
578,922
$178.120
Exhibit D
4,388,000
(1,172,553
(225,551)
2,989,896
490,000
443,732
114,555
602,952
4,641,135
($ 669.175)
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CITY OF SALINA
Salina, Kansas
WATER AND SEWERAGE DEPARTMENT
Exhibit D (Contd.)
STATEMENTS OF CHANGES IN FINANCIAL POSITION
Changes in Components of Working Capital
Increase (Decrease) in Current Assets
Cash and investments
Accounts receivable
Prepaid supplies
Total Increase (Decrease) in Current Assets.
Increase (Decrease) in Current Liabilities
Accounts payable
Customers' meter deposits
Accrued expenses
Long-term obligations due within one year
Total Increase (Decrease) in Current Liabilities
Increase (Decrease) in Working Capital
Year Ended December 31,
1985 1984
(S110,OI6) (S 160,361)
(11 , 268) 40,577
19,167 (2,492)
002,117) (122,276)
(S 42,448) S 48,525
(4,735) (15,580)
(53,054) 24,954
080,000) 489,000
(280,237) 546,899
S178.l20 (S 669.175)
The accompanying notes are an integral part
of these financial statements.
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CITY OF SALINA
Salina, Kansas
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WATER AND SEWERAGE DEPARTMENT
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NOTES TO FINANCIAL STATEMENTS
December 31, 1985 and 1984
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1. Summary of Significant Accounting Policies
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a. Fund Accounting: The City maintains its accounting records in accordance
with the principles of fund accounting in order to ensure observance
of limitations and restrictions placed on the use of resources available.
Resources are classified for accounting and reporting into funds
established according to their nature and purposes. The Water and
Sewerage Department of the City of Salina is a separate fund of the
City which is supported by user charges from its customers rather than
by tax monies.
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The Department uses the accrual method of accounting in the preparation
of its financial statements. Revenue is recorded as earned and expenses
as incurred.
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b. Deferred Issuance Costs: Deferred issuance costs are amortized to expense
over the term of the related revenue bonds.
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c. Property, Plant, and Equipment and Depreciation: Property, plant, and
equipment are stated at cost. Assets acquired prior to 1981 have been
adjusted to reflect cost as determined by a firm of professional
appraisers. Depreciation is determined using the straight-line method
over the estimated useful life of each asset.
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d. Investments: Investments are stated at cost which approximates market.
2.
Long-Term Obligations
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The City issued $2,770,000 Combined Water and Sewage System Refunding Revenue
Bonds, Series of 1984 (the 1984 Bonds), dated June 15, 1984, for the purpose
of refunding its Combined Water and Sewage System Refunding Revenue Bonds,
Series of 1978 (the 1978 Bonds), in the outstanding amount of $4,388,000 as
of June 15, 1984. Cash and investments were transferred to a Refunding Escrow
Trust Account at a local bank, pursuant to an escrow trust agreement dated as of
June 15, 1984, to provide the necessary funds for the refunding of the 1978
Bonds, as follows:
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Funds transferred to Refunding Escrow Trust Account from
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Restricted Assets
System sinking fund
Plant reserve fund
$1,172,553
225,551
1,398,104
2,601,900
Net proceeds of the 1984 bonds
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Tota 1
$4.000.004
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Funds transferred to the Refunding Escrow Trust Account were invested in
United States Government obligations, and the investments and interest
earned on such investments will be sufficient to pay all principal and
interest on the 1978 Bonds as they become due. The transaction resulted
in a gain on advance refunding in the amount of $426,987.
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The 1984 Bonds mature serially each February 15 through 1994, and bear interest
at rates varying from 7 1/4 to 9 3/4 percent per annum. Maturities of the 1984
bonds in subsequent years are as follows:
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Year
Amount
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1986
1987
1988
1989
1990
Thereafter
310,000
210,000
230,000
250,000
275,000
1,005,000
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Total Bonds Outstanding,
December 31, 1985
$2.280.000
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The City issued the 1978 Bonds for the purpose of refunding its Combined
Water and Sewage System Revenue Bonds of 1961 and 1977. Proceeds of the
1978 Bonds were invested in United States Government obligations deposited
with a local bank, pursuant to an escrow trust agreement dated May 1, 1978.
Total funds deposited and interest earned on such funds will be sufficient
to pay all principal and interest on the 1961 and 1977 bonds as they become
due.
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Neither the assets deposited with the escrow agent nor the outstanding 1961,
1977, and 1978 obligations totaling $7,567,000 are reflected in the aCCOm-
panying financial statements as of December 31, 1985.
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The City has established certain reserve accounts pursuant to the 1984 bond
ordinance to provide funds for the retirement of the bonds and payment of
interest thereon and for making replacements to the system in the event other
funds are not available. The gross revenues of the Department are pledged to
secure payment of the bonds; however, the pledge is subordinate to a similar
pledge to secure payment of the 1961, 1977, and 1978 bonds.
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The amounts required to be maintained in the reserve accounts established
by the 1984 bond ordinance have been provided and the net operating income of
the system for 1985 is sufficient to meet the requirements of the ordinance.
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The City participates in the State of Kansas Public Employees' Retirement
System which is a defined contribution plan covering substantially all employees.
The Department's portion of pension costs, which are funded as accrued,
was $52,291 and $41,987, for the years 1985 and 1984, respectively.
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