Audit - 1994CITY OF SALINA, KANSAS
Comprehensive Annual Financial Report
For the fiscal year ended December 31, 1994
Prepared by: Robert K. Biles
Department of Finance and Administration
CITY OF SALINA, KANSAS
Comprehensive Annual Financial Report
For the Fiscal Year Ended December 31, 1994
TABLE OF CONTENTS
INTRODUCTORY SECTION
Page
Letter of Transmittal 1-7
GFOA Certificate of Conformance 8
Organizational Chart 9
List of Principal Officials 10
FINANCIAL SECTION
INDEPENDENT AUDITORS' REPORT 11 -12
GENERAL PURPOSE FINANCIAL STATEMENTS:
Combined Balance Sheet -All Fund Types and
Account Groups 13-14
Combined Statement of Revenues, Expenditures
and Changes in Fund Balances -All
Governmental Fund Types 15
Combined Statement of Receipts, Expenditures
and Changes in Unencumbered Cash - Budget
and Actual - Budgetary Basis - General Fund,
Special Revenue Funds and Debt Service Funds 16-17
Combined Statement of Revenues, Expenses and
Changes in Fund Equitys/Fund Balances -
All Proprietary Fund Types, Similar Trust
Funds and Discretely Presented Component
Units 18
Combined Statement of Cash Flows -All Proprietary
Fund Types and Similar Trust Funds 19 -20
Notes to the Financial Statements 21 -51
COMBINING, INDIVIDUAL FUND AND
ACCOUNT GROUP STATEMENTS AND SCHEDULES
GOVERNMENTAL TYPE FUNDS:
General Fund:
Comparative Balance Sheets 53
Comparative Statement of Revenue, Expenditures
and Changes in Fund Balances 54
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash -
Budget and Actual - Budgetary Basis 55 -56
Special Revenue Funds:
Combining Balance Sheet 59 -61
Combining Statement of Revenue, Expenditures
and Changes in Fund Balances 62 -64
Schedules of Receipts, Expenditures and
Changes in Unencumbered Cash -
Budgeted Funds 65 -73
Non - Budgeted Funds 74 -81
Debt Service Fund:
Comparative Balance Sheets 83
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balances 84
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash -
Budgetary Basis 85
Capital Project Funds:
Combining Balance Sheet 87
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances 88
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash -
Budgetary Basis
(Non - Budgeted Funds) 89
PROPRIETARY FUNDS:
Enterprise Funds
Combining Balance Sheet 91
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings 92
Combining Statement of Cash Flows 93
Schedules of Receipts, Expenditures
and Changes in Unencumbered Cash -
Budgetary Basis
Budgeted Funds 94-98
Non - Budgeted Funds 99 -100
PROPRIETARY FUNDS (continued)
Internal Service Funds:
Combining Balance Sheet 102
Combining Statement of Revenue, Expenses
and Changes in Retained Earnings 103
Combining Statement of Cash Flows 104
Schedules of Receipts. Expenditures,
and Changes in Unencumbered Cash -
Budgeted and Actual - Budgetary Basis 105 -108
FIDUCIARY FUNDS:
Trust and Agency Funds:
Combining Balance Sheet 110 -111
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings -
Nonexpendable Trust Funds 112
Combining Statement of Cash Flows -
Nonexpendable Trust Funds 113
Combining Statement of Changes in Assets
and Liabilities - All Agency Funds 114 -115
Schedules of Receipts, Expenditures and
Changes in Unencumbered Cash -
Budgetary Basis (Non- Budgeted Funds) 116 -122
ACCOUNT GROUPS:
General Fixed Assets
Comparative Statements of General Fixed
Assets - By Source 1.24
Schedule of General Fixed Assets - By
Function and Activity 1 -25
Schedule of Changes in General Fixed Assets -
By Function and Activity 1 -26
STATISTICAL SECTION
General Governmental Expenditures by Function
127 -128
General Governmental Revenues by Source
129 -130
General Governmental Tax Revenues by Source
:131
Property Tax Levies and Collections
:132
Assessed and Estimated Actual Value of Property
133
Property Tax Rates -
Direct and Overlapping Governments
134 -135
Principal Taxpayers
136
Special Assessment Billings and Collections
:137
Computation of Legal Debt Margin
"138
Ratio of Net General Obligation Bonded Debt
139
STATISTICAL SECTION (continued)
Ratio of Annual Debt Service Expenditures
for General Obligation Bonded Debt 140
Computation of Direct and Overlapping Bonded Debt 141
Revenue Bond Coverage - Water and Sewer Fund 142
Property value, construction and bank deposits 143
Demographic Statistics 144
INGLE AUDIT SECTION
Independent Auditors' Report on Schedule of Federal
Financial Assistance 145
Schedule of Federal Financial Assistance 146
Independent Auditors' Report On Internal Control
Structure Based On An Audit of General 147 -148
Purpose Financial Statements Performed in
Accordance with Government Auditing Standards
Independent Auditors' Report On Compliance Based On
An Audit Of General Purpose Financial
Statements Performed In Accordance With
Government Auditing Standards 149
Independent Auditors' Report On The Internal Control
Structure Used in Administering
Federal Financial Assistance Programs 150 -1.52
Independent Auditors' Report On Compliance With The
General Requirements Applicable To Federal
Financial Assistance Programs 153
Independent Auditors' Report On Compliance With
Specific Requirements Applicable to Major
Federal Financial Assistance Programs 154 -1155
Schedule Of Independent Auditors' Findings and
Questioned Costs 166
INTRODUCTORY SECTION
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June 20, 1995
DEPARTMENT OF FINANCE AND ADMINISTRATION
CITY CLERK
300 West Ash Street • P.O. Box 736
Salina, Kansas 67402 -0736 Salina
Robert K. Biles, C.P.A., Director • Judy D. Long, City Clerk
ui7unec utt
Telephone (913) 826 -7240 • FAX (913) 826 -7244 fillip
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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, 1994, is hereby submitted.
Responsibility for both the accuracy of the data and the completeness and
fairness of the presentation, including all disclosures, rests with the City.
To the best of our knowledge and belief, the enclosed data is accurate in all
material respects and is reported in a manner designed to present fairly the
financial position and results of operations of all various funds and account
groups of the City. All disclosures necessary to enable the reader to gain an
understanding of the City's financial activities have been included.
The Comprehensive Annual Financial Report is presented in three sections:
introductory, financial and statistical. The introductory section includes
this transmittal letter, the City's organizational chart and a list of
principal officials. The financial section includes the general purpose
financial statements as well as the combined, combining, individual fund and
account group financial statements and schedules, and the independent
auditor's report on the financial statements and schedules. The statistical
section includes selected financial and demographic information, generally
presented on a multi -year basis.
The City is required to undergo an annual single audit in conformity with
the provisions of the Single Audit Act of 1984 and U.S. Office of
Management and Budget Circular A -128, Audits of State and Local
Governments. Information related to this single audit, including the schedule
of federal financial assistance and the independent auditors' reports on the
internal control structure and compliance with applicable laws and
regulations, is included in a fourth section.
This report includes all funds and
provides a full range of services
construction and maintenance of
infrastructure; recreational activities
services and convention facilities.
activities, the City also provides
waste services; therefore, these a
entity.
Economic Condition and Outlook
account groups of the City. The City
including police and fire protection;
streets, drainage facilities and other
and cultural events; emergency medical
In addition to general government
water, wastewater, sanitation and solid
ctivities are included in the reporting
In 1994, the City experienced a year of solid growth in several areas and
continued to solidify its standing as the regional trade center for north
central and north west Kansas. Retail expansion continued to be significant,
especially in the South Ninth Street corridor. A Target retail store,
several popular restaurants and other smaller retail concerns, opened for
business in 1994. All have enjoyed a good measure of success.
1
The demands on the housing industry continued unabated in 1994 with the
industry working hard to meet the demand for new housing. The strong local
economy and lower interest rates contributed to this demand. Over 116 new
homes were started in 1994 with the pace expected to continue at this level or
higher through 1995. In 1994, builders started eleven new subdivisions to
help increase the availability of building lots. Four more are scheduled for
completion in June 1995.
Several industries in Salina are currently making major expansions to their
facilities. REMA Bakeware, a maker of cooking pans and sheets, just
completed a $1.8 million project which increased plant size by 700. Exide
Corporation, a manufacturer of automotive batteries, recently completed an
expansion and has begun another $8 million expansion. Already the largest
automotive battery plant in the world, the expansion is expected to boost
production by 25%. Employment is expected to increase by 98, bringing total
employment to 780.
Crestwood, Inc., a manufacturer of custom built cabinetry, began
construction of a new 165,000 square foot manufacturing plant to replace their
current 85,000 square foot facility. After the addition of 50 new jobs, total
employment at the plant is expected to reach 180.
Great Plains Manufacturing, a manufacturer of agricultural equipment, began
construction on their 25,000 square foot corporate headquarters in late 1994.
The company employs 1,200 people at several sites, primarily in Kansas, with
their largest operations in Salina.
In 1994, construction began on a 54,000 square foot, three story, medical
office building adjacent to Asbury - Salina Regional Medical Center. The
project is expected to be completed in July of 1995. Construction also began
on a new 25,000 square foot, 49 room Super Eight Motel. Scheduled
completion date is June 1995.
Many of the major campus improvements for Kansas State University - Salina
were completed in 1994. Total building additions, road improvements and
other campus improvements exceeded $10 million. A private individual has
agreed to build another 100 bed residence hall on campus to accommodate the
demand for student housing. Completion for that project is set for early
1996.
Major Initiatives
The City completed the major improvements to Wastewater Treatment Plant
Number 1. The project, which began in June 1992, included the addition of
10 miles of interceptor sewers, the updating of Plant Number 1 to EPA
standards and the closing of a secondary wastewater plant. The $23,000,000
project was completed on schedule.
The City continued its efforts to meet federal environmental regulations at
its solid waste landfill. Construction of a lined cell, road system and scale
system was completed and placed into service in early 1994. Landfill services
have been extended to five surrounding counties with a sixth one under
current consideration. The estimated useful life of the landfill is 40 to 60
years. In 1995, the City will complete the closure of the original landfill
site and open another lined cell.
In 1995, the City, Saline County and the State of Kansas will combine to
2 improve and widen Schilling Road. The $1,650,000 project will also address
storm water drainage concerns in south Salina. The City's share of the
project is $297,000.
The City is also beginning a three year project to improve major roadways in
the southwest part of the city. In late 1995, work will begin on a new
interchange at 1-135 and Magnolia Street. Local funding of approximately
$3,000,000 will be matched with federal funds to improve access to a major
retail area of the city and to Kansas State University - Salina. Thereafter,
work will progress to improve access to the Airport Industrial Park by
improving Centennial Road and Schilling Road.
In 1994, with the cooperation of the Kansas Department of Health and
Environment, the City began addressing groundwater contamination in central
Salina. The City's program is modeled after the award - winning Wichita
program. The City began issuing releases to residential and commercial
properties this year. Remediation of the contamination will be paid for from
the Water and Sewer Fund. Annual appropriations for remediation projects
is $500,000.
The City's Capital Improvement Plan for 1995 -1999 itemizes projects totaling
$31,329,000. The plan is updated each year.
Financial Overview
Actions taken since 1992 have set the stage for what looks to 'be long -term
financial stability for the City. These actions, combined with a strong
economy, have allowed the City to replenish its fund balances and utilize more
pay -as- you -go financing for capital improvements.
Fund balances related to general government operation fund: went from
$4,475,137 at the end of 1993 to $6,209,178 at the end of 1994. Several
factors contributed to this positive change. Sales tax collections increased
by $619,000, an overall growth of 8.7 %. Collections of Municipal, Court fines
grew by $447,258 due to increased enforcement and collection activities.
Franchise fees received increased by $159,434.
The City also established the rates needed to fund enterprise fund activities.
Tipping fees for the landfill were set at $16 per ton effective May 1, 1994.
Capital improvements in 1995 for the landfill will likely require an increase
in rates in early 1996. To date, the City has shown the willingness to set
fees at levels which will cover operating, capital, debt service and
postclosure costs required to meet subtitle D regulations and generally
accepted accounting principles recommendations. Other enterprise fund fees
are adjusted annually to meet anticipated yearly needs.
Financial Information
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 are 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.
3
Single Audit. As a recipient of Federal, State and County financial
assistance, the City also is responsible for insuring that an adequate
internal control structure is in place to ensure compliance with applicable
laws and regulations related to those programs. This internal control
structure is subject to periodic evaluation by management. As part of the
City's single audit, described earlier; tests are made to determine the
adequacy of the internal control structure, including that portion related to
federal financial assistance programs, as well as to determine that the City
has complied with applicable laws and regulations. The results of the City's
single audit for the year ended December 31, 1994 provided no instances of
material weaknesses in the internal control structures or significant
violation of applicable laws and regulations.
Budgetary Controls. In addition, the City maintains budgetary controls.
The objective of these budgetary controls is to ensure compliance with legal
provisions embodied in the annual appropriated budget approved by the City
Commission. Activities of all funds are included in the annual appropriated
budget. The level of budgetary control is maintained at the department
level by the encumbrance of estimated purchase amounts prior to the release
of purchase orders to vendors. Open encumbrances are reported as
reservations of fund balance at December 31, 1994 in the general fund and
the special revenue fund. 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.
General Government Functions
Shown below are the December 31 actual budgetary basis fund balances in
the city's tax supported funds for 1992, 1993 and 1994.
Fund 1992
1993
_ 1994
General $2,184,753
$3,357,127
$4;,313,622
Employee Benefits 233,717
539,590
810,223
Utility 99,364
121,696
236,111
Special Liability 24,563
26,364
52,139
Bond and Interest 335,915
539,887
797,083
Fund Balance $2,878,312
$4,475,137
$6;,209,178
Operating expenditures
tax supported funds $18,196,071
$16,693,296
$19,243,378
Fund balance as percent of
operating expenditures 15.8%
26.8%
32.3%
It should be noted that City payments for the Kansas State University- Salina
renovation in 1992 and 1993 were $2,557,902 and $493,452, respectively.
2
The following table presents a summary of General Fund, Special Revenue
Funds and Debt Service Fund GAAP basis revenues for the ,rears ended
December 31, 1993 and 1994.
Besides the revenue increases mentioned earlier, the City did, experience
other revenue increases. Interest income increased $103,852 due to rising
interest rates and the continued ability to invest funds in two year
maturities. Intergovernmental revenues were also up significantly as the City
received a Community Development Block Grant for housing rehabilitation
which totalled $268,000. Law enforcement grants relating to drug and traffic
enforcement increased by
$192,930.
1994
1993
The following table presents
a summary
%of
Fund, Special
%of
Revenue
1994
Total
1993
Total
Taxes
$16,153,904
62.6
$15,479,559
63.9
Intergovernmental
3,305,815
12.8
2,769,828
11.5
Charges for Services
3,089,651
12.0
3,174,444
13.1
Fines
1,020,116
3.9
574,958
2.4
Interest
548,655
2.1
444,853
1.8
Special Assessments
868,202
3.4
940,487
3.9
Other
833,689
3.2
827,201
3.4
Total Revenues
$25,820,032
100.0
$24,211,330
100.0
Besides the revenue increases mentioned earlier, the City did, experience
other revenue increases. Interest income increased $103,852 due to rising
interest rates and the continued ability to invest funds in two year
maturities. Intergovernmental revenues were also up significantly as the City
received a Community Development Block Grant for housing rehabilitation
which totalled $268,000. Law enforcement grants relating to drug and traffic
enforcement increased by
$192,930.
The following table presents
a summary
of General
Fund, Special
Revenue
Funds and Debt Service
Fund GAAP basis
expenditures for the years
ended
December 31, 1993 and 1994.
1994
1993
% of
% of
Expenditure
1994
Total
1993
Total
General Government
$ 1,069,325
4.4
$ 1,426,997
6.5
Public Safety
6,735,353
28.0
5,834,653
26.6
Public Works
1,322,977
5.6
1,386,714
6.3
Recreation
1,721,024
7.2
1,600,093
7.3
Cultural
379,777
1.6
346,677
1.6
Community Development
441,307
1.8
175,254
.8
Health & Welfare
525,026
2.2
173,122
.8
Bicentennial Center
1,720,509
7.2
1,968,806
9.0
Debt Service
2,772,819
11.5
2,902,019
13.2
Capital Outlay
2,796,288
11.6
1,558,158
7.1
Other
4,533,986
18.9
4,547,476
20.8
Total Expenditures
$24,028,391
100.0
$21,919,969
100.0
Changes in expenditures may be attributed to four areas. Rapid
improvement in the City's revenues allowed the City to utilize more
pay -as- you -go financing of capital outlay projects. Over $1,200,000 of 1994
capital improvements were handled this way. Public Safety costs increased
by $900,700 due to increased costs for personnel (Municipal Court and Police)
and amounts charged by Saline County for housing City prisoners. Because of
the housing rehabilitation grant, expenditures for Community Development
increased by $263,000. These increases were partially offset by a decrease of
$128,000 in the amount of interest the City paid on outstanding bonds.
5
In 1994, the city shifted expenses for the Health Department from the
General Government area to the Health and Welfare area.
Proprietary Operations
The City has four enterprise operations: Water and Sewer, Golf Course,
Solid Waste and Sanitation. Significant changes occurred in each.
Water revenues increased in 1994 due to drier weather. The sewer revenue
increase was the result of having a full year of revenues based on the July
1993 rate increase. Excellent weather boosted play at the Golf Course.
Revenues increased over 23% in 1993.
The City continued the process of updating the solid waste facility to meet
subtitle D regulations. Rates were doubled in 1994 and went to a tonnage
rate rather than volume. Sanitation rates were increased $1.00 per month in
1994 to pay for increased tipping fees at the landfill.
The City utilizes four internal service funds: Risk Management, Worker's
Compensation Reserve, Central Garage and Data Processing. In 1991, the
City instituted a partially self- insured workers compensation program. The
Worker's Compensation Reserve is used to buy excess insurance coverage,
compensate a third party claims administrator and pay claims as they arise.
The City's goal is to establish a $750,000 reserve in this fund to provide
adequate reserves should we experience heavy claims. At the end of 1994,
fund equity was $373,960. The other internal service funds are used to
purchase insurance, repair City vehicles or operate a City -wide computer
system. These costs are apportioned to the various City departments based
upon usage.
Debt Administration
On January 1, 1994, the City issued $11,390,000 in revenue refunding
bonds. This issue refunded a portion of the 1992 revenue bonds. Present
value savings totalled $198,000 and future debt service was reduced by
$435,000. Total revenue bonds outstanding at December 31., 1994 was
$36,725,000. With the City's policy of issuing revenue bonds for no more
than 20 years, the final maturity for these bonds is October 1, 2014.
The City's policy for General Obligation bonds is to issue them for no more
than 10 years. The City issued $1,175,000 of internal improvement bonds
during 1994. Total bonds outstanding at December 31, 1994 was $11,495,000
with final maturity scheduled for October 1, 2004. One general obligation
bond for $2,434,000 was issued in May 1995. Based upon December 31, 1994
General Obligation bonds outstanding, per capita debt is $271. The City is
well below its maximum debt limit with over $60,000,000 in authority
remaining.
Temporary notes of $2,595,000 outstanding at December 31, 1994 will be
retired through the issuance of general obligation bonds. Another $425,000
for landfill heavy equipment will be retired by April 1, 1997.
0
Cash Management
In 1992, the State of Kansas granted cities increased investing authority.
The City of Salina has established an investment policy that allows maturities
for up to two years and investments in the State of Kansas Municipal
Investment Pool. The City stresses a conservative investment ;policy which
provides full collateralization of investments. At December 31, 1994,
investments under the City's direct control were as follows:
Investment Amount Percentage
Municipal Investment Pool
U.S. Government
City of Salina
Temporary Notes
Certificates of Deposits
Total
Independent Audit
$ 22,385
.10
20,481,965
94.20
1,037,552
4.77
200,967
.93
$21,742,869
100.00%
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 compiled with and the auditor's
opinion has been included in this report.
Acknowledgements
The preparation of the Comprehensive Annual Financial Report on a timely
basis was made possible by the dedicated, professional advise and effort of
the Kennedy and Coe auditing team. Penny Allen in the City Clerks office
performed the tedious, but important, word processing task. A special
thank you needs to be given to Brenda Siemsen, Accounting Supervisor, who
maintained our fixed assets records. Finally, preparation of this report
would not have been possible without the support of the City Commission.
Sincerely,
Dennis M. issi ger Robert K. Biles
City Manager Director of Finance & Administration
7
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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, 1993
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.
��� � �L Z-�
President
10-1 Y G�
Executive Director
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City of Salina
I CITIZENS
CITY COMMLSSION
John Divine, Mayor
Peter Brungardt
Evelyn Maxwell
R. Abner Perney
Kristin M. Seaton
CITY MANAGER
Dennis Kissinger
Deputy City Manager
Michael Morgan
Municipal Court
Risk Managemen
Administration
Keith Rawlings
F7
City Prosecutor
I
Personnel
Bruce Brown
Mel Abbott
Human Relations
Will Burnett
Fire
Tom Girard
Operations
Fire Suppression
EMS
Rescue
Administration
EMS Billing
Training
Maintenance
Prevention
Code Enforcement
Inspection/Plan Review
Investigation
Public Education
SARA Title III
General Services
Frank Weinhold
Streets
Flood Works
Cemetery
Traffic Control
Central Garage
Sanitation
Landfill
General Improvements
Municipal Court Judge I City Attorney
Phil Shaffer Greg Bengtson
I
Eng. & Utilities
Don Hoff
Engineering
Design
Inspection
Traffic
Water & Sewer Utility
Water Treat. & Dist.
Sewage Coll./Treat.
Pretreatment
Jim Hill
Operations
Criminal Invest.
Patrol Bureau
Management
Internal Affairs
Drug/rech.Invest.
Adndnistrative
Records Bureau
Communications
Service Desk
Training/Comm. Rel.
Property/Evid. Lab
Planning & Dev. Bicentennial Center Arts &Humanities Parks &Recreation Finance & Admin.
Roy Dudark Phil Chamoff Martha Rhea Steve Snyder Bob Bites
Planning Operations Museum Swimming Pools Data Processing
Permits & Inspection Food & Beverage Arts Education Golf Course
City Clerk
Community Develop. Business/Picket Office Arts Services Neighborhood Centers Accounting
Special Projects Parks Utility Accounting
Recreation Treasurer
April 1995
' Contract Position
9
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CITY OF SALINA, KANSAS
LIST OF PRINCIPAL OFFICIALS
CITY COMMISSION
Joseph A. Warner, Mayor
Peter F. Brungardt, Commissioner
Carol E. Beggs, Commissioner
John Divine, Commissioner
Evelyn Maxwell, Commissioner
CITY STAFF
Dennis M. Kissinger, City Manager
Michael Morgan, Deputy City Manager
Robert K. Biles, Director of Finance and Administration
Don Hoff, Director of Engineering and Utilities
Jim Hill, Chief of Police
Tom Girard, Fire Chief
Frank Weinhold, General Services Director
Phil Chamoff, , Bicentennial Center Manager
Steve Snyder, Parks and Recreation Director
Roy Dudark, Planning and Community Development Director
Martha Rhea, Director of Arts and Humanities
Will Burnett, Human Relations Director
Mel Abbott, Personnel Director
Keith Rawlings, Risk Manager
Greg Bengtson, City Attorney
10
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FINANCIAL SECTION
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HOME OFFICE:
P. O. BOX 1100
SALINA, KANSAS 67402 -1100
913 - 825 -1561
KENNEDY AND COE, LLC
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT
To the Mayor and
The Board of City Commissioners
City of Salina, Kansas:
OFFICES IN
KANSAS
NEBRASKA
OKLAHOMA
COLORADO
We have audited the accompanying general purpose financial statements of the
City of Salina, Kansas as of and for the year ended December 31, 1994. These
general purpose financial statements are the responsibility of the City's
management. Our responsibility is to express an opinion on these general
purpose financial statements based on our audit. We did not audit the financial
statements of the Salina Housing Authority and Salina Airport Authority, 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 Housing Authority and Salina
Airport Authority, is based solely on the reports of the other auditors.
We conducted our audit in accordance with generally accepted auditing
standards, Government Auditing standards, issued by the Comptroller General of
the United States, the provisions of Office of Management and Budget Circular
A -128 "Audits of State and Local Governments," and the Kansas Municipal Audit
Guide. Those standards and OMB Circular A -128 require that we plan and
perform the audit to obtain reasonable assurance about whether the general
purpose financial statements are free of material misstatement,. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the general purpose financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall general purpose financial
statement presentation. We believe that our audit and the reports of other
auditors provide a reasonable basis for our opinion.
In our opinion, based on our audit and the reports of other auditors, the
general purpose financial statements referred to above present fairly, in all
material respects, the financial position of the City of Salina, Kansas, as of
December 31, 1994, and the results of its operations and the cash flows of its
proprietary fund types and nonexpendable trust funds for the year then ended
in conformity with generally accepted accounting principles.
As discussed in Note 15 to the general purpose financial statements, the City
changed its method of accounting for solid waste landfill closure and
postclosure care costs as of January 1, 1994, as required by Statement No. 18
of the Governmental Accounting Standards Board.
MEMBERS OF: AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
SEC PRACTICE SECTION AND PRIVATE COMPANIES PRACTICE 11
SECTION OF THE AICPA DIVISION FOR CPA FIRMS
our audit was conducted for the purpose of forming an opinion on the general
purpose financial statements taken as a whole. The combining and individual
fund and account group financial statements, schedules, introductory, and
statistical sections listed in the table of contents to this comprehensive
annual financial report are presented for purposes of additional analysis and
are not a required part of the general purpose financial statements of the City
of Salina, Kansas. The combining and individual fund and account group
financial statements and schedules have been subjected to the auditing
procedures applied in the audit of the general purpose financial statements and,
in our opinion, are fairly presented, in all material respects, in relation to
the general purpose financial statements taken as a whole. The information
included in the introductory and the statistical sections has not been subjected
to the procedures applied in the audit of the general purpose financial
statements, and accordingly, we express no opinion on such information.
Respectfully submitted,
Salina, Kansas �� Z- C
May 25, 1995
C.P.A.
Certified Public Accountant in Charge
of and actively engaged in this audit.
12
GENERAL PURPOSE FINANCIAL STATEMENTS
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This page intentionally left blank
Assets and other debits
Assets:
Cash and Investments
Accounts Receivable
Taxes Receivable
Special Assessments Receivable
Due from Other Funds
Notes Receivable
Inventory and Prepaid Supplies
Restricted Cash and Investments
Fixed Assets
Accumulated Depreciation
Financing Leases
Deferred Issuance Costs
Other Debits:
Amount to be Provided - Special Assessments
Amount to be Provided
Amount Available in Debt Service
Total assets
Liabilities, equity and other credits:
Liabilities:
Accounts Payable
Retainage Payable
Accrued Compensated Absences
Due to Other Funds
Meter Deposits Payable
Deferred Compensation
Benefits Payable
Deferred Revenue
Payable from Restricted Assets:
Salina -KSU Sales tax liability
Accrued Interest Payable
Revenue Bonds Payable - Current
Accounts and retainage Payable
General Obligation Bonds
and Temporary Notes Payable - Current
Temporary Notes Payable
General Obligation Bonds Payable
Revenue Bonds Payable
Landfill Closure and Postclosure
Lease Payable
Total Liabilities
Equity and other credits:
Investment in General Fixed Assets
Contributed Capital
Retained Earnings:
Unreserved
Fund Balances:
Reserved for encumbrances
Reserved for inventory
Unreserved Fund Balance
Total equity and other credits
Total liabilities, equity and
City
of Salina
Combined
Balance Sheet
Page 1 of 2
All Fund Types
and Account
Groups
December
31, 1994
Governmental Fund Types
Proprietary
Fund Types
Special
Debt
_
Capital
Internal
General
Revenue
Service
Projects
Enterprise
Service
$ 5,338,558
$ 2,279,842
$ 797,083 $
322,454
$ 8,916,067
$ 1,053,744
424,211
180,266
0
0
1,357,860
24,850
985,014
3,641,589
1,880,913
(I
0
0
0
0
3,293,020
0
0
0
67,526
0
0
0
0
0
0
0
0
0
0
0
58,522
0
0
0
326,456
0
0
0
0
0
17,268,221
0
0
0
0
0
70,699,078
923,955
0
0
0
0
(22,340,691)
(294,466)
0
0
0
C
0
0
0
0
0
C
605,407
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,873,831
6,101,697
5,971,016
322,454
76,832,398
1,708,083
211,227
99,553
0
28,738
246,833
314,314
5,950
0
0
15,316
0
0
0
0
0
0
368,020
38,289
0
67,526
0
0
0
0
0
0
0
0
84,452
0
0
0
0
0
0
0
434,151
3,180,073
5,173,933
0
0
0
0
0
0
0
0
0
0
0
0
0
525,326
0
0
0
0
0
880,000
0
0
0
0
0
576,493
0
0
0
0
0
339,537
0
0
0
0
0
840,000
0
0
0
0
0
1,387,093
0
0
0
0
0
35,845,000
0
0
0
0
0
629,750
0
0
0
0
0
0
0
651,328
3,347,152
5,173,933
44,054
41,722,504
352,603
0
0
0
0
0
0
0
0
0
0
7,625,670
410,243
0
0
0
0
27,484,224
945,237
881,232
137,307
0
803,426
0
0
58,522
0
0
0
0
0
5,282,749
2,617,238
797,083
(525,026)
0
0
6,222,503
2,754,545
797,083
1,355,480
278,400
35,109,894
other credits $ 6,873,831 $ 6,101,697
The notes to the financial statements are an integral part of this statement.
13
$ 5,971,016 $ 322,454 $76,832,398 $ 1,708,083
Assets and other debits:
Assets:
Cash and Investments
Accounts Receivable
Taxes Receivable
Special Assessments Receivable
Due from Other Funds
Notes Receivable
Inventory and Prepaid Supplies
Restricted Cash and Investments
Fixed Assets
Accumulated Depreciation - Fixed Assets
Financing Leases
Deferred Issuance Costs
Other Debits:
Amount to be provided - Special Assessments
Amount to be provided
Amount Available in Debt Service
Total assets
Liabilities, equity and other credits:
Liabilities:
Accounts Payable
Retainage Payable
Accrued Compensated Absences
Due to Other funds
Meter Deposits Payable
Deferred Compensation
Benefits Payable
Deferred Revenue
Payable from Restricted Assets:
Salina - KSU Sales tax liability
Accrued Interest Payable
Revenue Bonds Payable - Current
Accounts and retainage Payable
General Obligation Bonds
and Temporary Notes Payable - Current
Temporary Notes Payable
General Obligation Bonds Payable
Revenue Bonds Payable
Landfill Closure and Postclosure
Lease Payable
Total Liabilities
Equity and other credits:
Investment in General Fixed Assets
Contributed Capital
Retained Earnings:
Unreserved
Fund Balances:
Reservation for encumbrances
Reserved for inventory
Unreserved Fund Balance
Total equity and other credits
Total liabilities, equity and
other credits
City of Salina
Combined Balance Sheet
All Fund Types and Account Groups
December 31, 1994
Page 2 of 2
Fiduciary
Account Groups
Totals
Totals
Fund Type
Primary
Primary
General
General
Government
Entity
Trust &
Fixed
Long -Term
(Memorandum
Component
(Memorandum
Agency
Assets
Debt
Only)
Units
Only)
$ 2,156,014 $
0 $
0
$20,863,762
$ 890,510
$21,754,272
184
0
0
1,987,371
107,076
2,094,447
0
0
0
6,507,516
0
6,507,516
0
0
0
3,293,020
0
3,293,020
0
0
0
67,526
0
67,526
0
0
0
0
3,893
3,893
0
0
0
384,978
12,607
397,585
0
0
0
17,268,221
1,469,707
18,737,928
0
20,656,836
0
92,279,869
22,102,146
114,382,015
0
0
0
(22,635,157)
(6,259,527)
(28,894,684)
0
0
0
0
2,408,665
2,408,665
0
0
0
605,407
98,951
704,358
0
0
3,293,020
3,293,020
0
3,293,020
0
0
9,594,673
9,594,673
0
9,594,673
0
0
797,083
797,083
0
797,083
2,156,198
20,656,836
155,141,317
13,684,776
134,307,289
20,834,028
535,564
0
0
1,436,229
171,141
1,607,370
0
0
0
211266
0
21,266
0
0
1,347,051
1,753,360
49,967
1,803,327
0
0
0
67,526
0
67,526
0
0
0
84,452
0
84,452
1,449,286
0
0
1,449,286
0
1,449,286
0
0
0
8,788,157
79,583
8,867,740
0
0
0
0
1,244,740
1,244,740
0
0
0
525,326
81,280
606,606
0
0
0
880,000
305,000
1,185,000
0
0
0
576,493
0
576,493
0
0
0
339,537
0
339,537
0
0
2,015,000
2,855,000
1,709,317
4,564,317
0
0
9,933,370
11,320,463
0
11,320,463
0
0
0
35,845,000
3,550,000
39,395,000
0
0
0
629,750
0
629,750
0
0
389,355
389,355
0
389,355
1,984,850 0
0 20,656,836
0 0
0 0
0 0
0 0
171,348 0
171,348 209656,836
13,6849776 66,96192C0 7,191,028 74,152,228
0 20,656,836
0 8,035,913
0 28,429,461
0 1,821,965
0 58,522
0 8,343,392
3,374,229
4,301,825
7,430,809
0
0
(1,4639863)
24,031,065
12,337,738
35,860,270
1,821,965
58,522
6,879,529
0 67,346,089 13,643,000 80,989,089
$ 2,156,198 $ 20,656,836 $ 13,684,776 $134,307,289 $ 20,834,028 $155,141,317
The notes to the financial statements are an integral part of this statement.
14
City of Salina
Combined Statement of Revenues, Expenditures and Changes in Fund Balance
All Governmental Fund Types and Discretely Presented Component Unit
For the Fiscal Year Ended December 31, 1994
The notes to financial statements are an integral part of this statement.
15
Total
Total
Primary
Reporting
Governmental Fund
Types
Government
Salina
Entity
Special
Debt
Capital
(memorandum
Housing
(Memorandum
General
Revenue
Service
Projects
Only)
Authority
Only)
Revenues:
Taxes
$10,493,370 $
4,272,158 $
1,388,376
$ 0
$16,153,904
$ 0
$16,153,904
Intergovernmental
1,126,272
2,179,543
0
50,730
3,356,545
1,802,437
5,158,982
Charges for Service
1,462,955
1,626,696
0
0
3,089,651
103,874
3,193,525
Fines
1,019,966
150
0
0
1,020,116
0
1,020,116
Special Assessments
0
75,012
793,190
0
868,202
0
868,202
Interest
543,696
3,588
1,371
16,325
564,980
6,457
571,437
Reimbursements
37,854
9,033
0
132,802
179,689
0
179,689
Miscellaneous
619,886
157,000
9,916
0
786,802
10,138
796,940
Total Revenues
8,323,180
2,192,853
199,857
26,019,889
1 922,906
27,942,795
15,303,999
Expenditures:
Current:
General Government
1,068,758
567
0
0
1,069,325
0
1,069,325
Public Safety
6,425,378
209,337
0
0
6,634,715
0
6,634,715
Public Works
1,123,640
309,975
0
0
1,433,615
0
1,433,615
Recreation
1,721,024
0
0
0
1,721,024
0
1,721,024
Cultural
379,777
0
0
0
379,777
0
379,777
Community Development
131,803
309,504
0
0
441,307
1,040,934
1,482,241
Health and Welfare
440,609
84,417
0
0
525,026
0
525,026
Bicentennial Center
0
1,720,509
0
0
1,720,509
0
1,720,509
Other
512,132
4,021,854
0
0
4,533,986
74,114
4,608,100
Capital Outlay
1,658,788
1,137,500
0
2,201,156
4,997,444
0
4,997,444
Debt Service:
Principal
0
0
2,163,130
0
2,163,130
0
2,163,130
Interest and fiscal charges
0
0
609,689
0
609,689
0
609,689
Temporary Note Payments
0
0
0
1,028,000
1,028,000
50,135
1,078,135
Total Expenditures
13,461,909
7,793,663
2,772,819
3,229,156
27,257,547
1,165,183
28,422,730
Revenues over (under)
expenditures
1,842,090
529,517
(579,966)
(3,029,299)
(1,237,658)
757,723
(479,935)
Other Financing Sources (Uses):
Operating Transfers in
97,579
432,966
692,161
0
1,222,706
0
1,222,706
Operating Transfers out
(675,994)
(546,712)
0
0
(1,222,706)
0
(1,222,706)
Bond and Temporary Note Proceeds
0
0
0
3,190,000
3,190,000
0
3,190,000
Lease Proceeds
389,355
0
0
0
389,355
0
389,355
Total Other Financing
Sources (Uses)
(189,060)
(113,746)
692,161
3,190,000
3,579,355
0
3,579,355
Revenues and other financing sources
over (under) expenditures and
other_ financing uses
1,653,030
415,771
112,195
160,701
2,341,697
757,723
3,099,420
Fund Balance, January 1
4,569,473
2,338,774
539,887
262,700
7,710,834
1,152,644
8,863,478
Residual equity transfers in (out)
0
0
145,001
(145,001)
0
0
0
Fund Balance, December 31
$ 6,222,503 $
2,754,545 $
797,083
$11,962,898
$ 278,400
$10,052,531
$ 1,910,367
The notes to financial statements are an integral part of this statement.
15
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Revenues:
Taxes
Intergovernmental
Charges for Service
Fines
Special Assessments
Interest
Reimbursements
Miscellaneous
Transfers In
Total Receipts
City of Salina
Combined Statement of Receipts, Expenditures
and Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
General, Special Revenue and Debt Service Funds
For the Fiscal Year Ended December 31, 1994
12,814,290 15,295,243 2,480,953
Page 1 of 2
Special Revenue Funds
Variance
Favorable
Budget Actual (Unfavorable)
$ 4,020,703 $ 4,255 „701 $ 234,998
1,519,402 1,575„833 56,431
610,000 692 1,552 82,552
0 150 150
75,000 80 1,107 5,107
0 0 0
0 0 0
0 151„856 151,856
300,000 334„133 34,133
6,525,105 7,090,332 565,227
Expenditures:
General funds
0
0
Variance
General Government
1,123,099
Favorable
Budget
Actual
(Unfavorable)
$ 9,036,010
$10,484,740
$ 1,448,730
191189043
1,127,228
9,185
1,245,200
1,470,382
2259182
424,000
1,0049603
580,603
0
0
0
350,000
4529972
102,972
35,000
37,853
29853
48,500
189,599
1419099
557,537
527,866
(29,671)
12,814,290 15,295,243 2,480,953
Page 1 of 2
Special Revenue Funds
Variance
Favorable
Budget Actual (Unfavorable)
$ 4,020,703 $ 4,255 „701 $ 234,998
1,519,402 1,575„833 56,431
610,000 692 1,552 82,552
0 150 150
75,000 80 1,107 5,107
0 0 0
0 0 0
0 151„856 151,856
300,000 334„133 34,133
6,525,105 7,090,332 565,227
Expenditures:
0
0
0
197,682
General Government
1,123,099
1,067,982
55,117
0
Public Safety
5,875,364
6,436,515
(561,151)
0
Public Works
1,156,496
1,101,959
54,537
277,902
Recreation
1,676,256
1,720,923
(44,667)
0
Cultural
350,108
379,777
(29,669)
0
Community Development
133,266
131,702
1,564
0
Health and Welfare
426,970
440,609
(13,639)
86,938
Debt Service
0
0
0
0
Other
281,292
422,652
(141.360)
3,511,299
Capital Outlay
735,700
19842,342
(1,1069642)
819,600
Bicentennial Center
0
0
0
838,767
Transfers Out
765,784
794,287
(28,503)
1,253,876
Cash Reserve
2,354,011
0
2,354,011
872,579
Total Expenditures
14,878,346
14,338,748
539,598
7,660,961
0
0
0
0
197,682
80,220
0
0
0
0
0
0
84,417
2,521
0
0
3,322,757
188,542
1,099,545
(279,945)
848,036
(9,269)
1,245,809
8,067
0
872,579
6,798,246 862,715
Receipts over (under)
expenditures (2,064,056) 9569495 3,020,551 (1,135,856) 292,086 1,427,942
Unencumbered
Cash, January 1
2,064,056
3,357,127 1,293,071
Unencumbered
Cash, December 31
$ 0
$ 4,313,622 $ 4,313,622
The notes to
financial statements
are an integral part
of this statement.
16
1,135,856 1,530,048 394,192
$ 0 $ 1,822,134 $ 1,822,134
City of Salina
Combined Statement of Receipts, Expenditures
and Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
General, Special Revenue and Debt Service Funds
For the Fiscal Year Ended December 31, 1994
Page 2 of 2
Expenditures:
General Government
Debt
Service Funds
0
Public Safety
0
0
Variance
Public Works
0
0
Favorable
Recreation
Budget
Actual
(Unfavor )le)
Revenues:
0
0
0
Taxes
$ 1,304,590
$ 1,388,376
$ 83,786
Intergovernmental
0
0
0
Charges for Service
0
0
0
Fines
0
0
0
Special Assessments
610,000
793,190
183,1.90
Interest
0
1,371
1,°'71
Reimbursements
0
0
0
Miscellaneous
30,000
9,916
(20,084)
Transfers In
692,161
837,162
145,001
Total Receipts
2,636,751
3,030,015
393,264
Expenditures:
General Government
0
0
0
Public Safety
0
0
0
Public Works
0
0
0
Recreation
0
0
0
Cultural
0
0
0
Community Development
0
0
0
Health and Welfare
0
0
0
Debt Service
2,847,250
2,772,819
74,L31
Other
0
0
0
Capital Outlay
0
0
0
Bicentennial Center
0
0
0
Transfers Out
0
0
0
Cash Reserve
150,000
0
150,000
Total Expenditures
2,997,250
2,772,819
224,431
Receipts over (under)
expenditures
(360,499)
257,196
617,695
Unencumbered Cash, January 1
360,499
539,887
179,__ °�88
Unencumbered Cash, December 31 $
0 $
797,083 $
797,083
The notes to financial statements are an integral part of this statement.
17
Operating Revenue:
Charges for Services
Reimbursements
Miscellaneous
Interest
Total Operating Revenues
Operating Expenses:
General Government
Public Works
Recreation
Other
Depreciation
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues (Expenses):
Interest
Miscellaneous (1984 refunding)
Debt Service
Loss on Disposition of Fixed Assets
Mill levy
Total Nonoperating Revenues
(Expenses)
Net Income (loss)
Add Depreciation on Assets acquired
through Federal Contributions
Increase (decrease) in
Retained Earnings
Fund Equity, January 1
Prior Period Adjustment
Change in Contributed Capital, Net
City of Salina
Combined Statement of Revenues, Expenses
and Changes in Fund Equity /Fund Balances
All Proprietary Fund Types, Similar Trust Funds
and Discretely Presented Component Units
For the Fiscal Year Ended December 31, 1994
Fund Equity, December 31 $35,109,894 $ 1,355,480 $ 171,348 $36,636,722 $ 7,430„809 $44,067,531
The notes to financial statements are an integral part of this statement.
1
Fudiciary
Totals
Totals
Proprietary Fund Types
Fund Types
Primary
Reporting
Government
Salina
Entity
Internal
Nonexpendable
(Memorandum
Airport
(Memorandum
Enterprise
Service
Trust
Only)
Authority
Only)
$12,162,238 $
1,947,478
$ 3,948
$14,113,664 $
1,076,504
$15,190,168
0
6,643
0
6,643
0
6,643
113,840
3,206
0
117,046
5,914
122,960
0
0
5,364
5,364
0
5,364
9,312
14,242,717
1,082,418
15,325,135
12,276,078
1,957,327
0
917,604
0
917,604
0
917,604
6,974,105
0
0
6,974,105
0
6,974,105
540,554
0
0
540,554
0
540,554
0
645,889
280
646,169
838,069
1,484,238
1,694,309
71,110
0
1,765,419
619,820
2,385,239
280
10,843,851
1,457,889
12,301,740
9,208,968
1,634,603
9,032
3,398,866
(375,471)
3,023,395
3,067,110
322,724
866,686
0
0
866,686
272,885
1,139,571
93,864
0
0
93,864
0
93,864
(1,505,869)
0
0
(1,505,869)
(272,388)
(1,778,257)
(20,588)
(131,673)
0
(152,261)
0
(152,261)
0
0
0
0
301,829
301,829
(565,907)
(131,673)
0
(697,580)
302,326
(395,254)
2,501,203
191,051
9,032
2,701,286
(73,145)
2,628,141
0
0
0
0
363,218
363,218
2,501,203
191,051
9,032
2,701,286
290,073
2,991,359
31,306,173
754,186
162,316
32,222,675
7,140,736
39,363,411
(482,250)
0
0
(482,250)
0
(482,250)
1,784,768
410,243
0
2,195,011
0
2,195,011
Fund Equity, December 31 $35,109,894 $ 1,355,480 $ 171,348 $36,636,722 $ 7,430„809 $44,067,531
The notes to financial statements are an integral part of this statement.
1
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City of Salina
Combined Statement of Cash Flows
All Proprietary Fund Types and Similar Trust Funds
and Discretely Presented Component Units
For the Fiscal Year Ended December 31, 1994
Proprietary Fund Types
Internal
Enterprise Service
Fudiciary Totals
Fund Types Primary
Government:
Nonexpendable (Memorandum
Trust Only)
Page 1 of 2
Totals
Reporting
Salina Entity
Airport (Memorandum
Authority Only)
Cash Flows from Operating Activities:
Operating income $ 3,067,110 $ 322,724 $ 9,032 $ 3,398,866 $ (375,471) $ 3,023,395
Adjustments to reconcile operating income to
net cash provided by operating activities:
Depreciation
Payments to contractors (KSU)
Basis of asset sold
Provision for uncollectible
accounts receivable
Change in assets and liabilities:
1,694,309
0
0
(5,410)
71,110
0
0
0
Accounts Receivable
(317,262)
(11,850)
Inventory and Prepaid Supplies
41,224
0
Customer Meter Deposits
(975)
0
Accounts Payable
85,201
(158,449)
Accrued liability for
(5,410;
0
compensated absences
31,080
4,984
Deferred rent
0
0
Post Closure Liability
147,500
0
Total Adjustments
1,675,667
(94,205)
0
1,765,419
619,820
2,385,239
0
0
(2,000,385)
(2,000,385)
0
0
5,247
5,247
0
(5,410;
0
(5,410)
13
(329,099;
542
(328,557)
0
41,224
10,579
51,803
0
(975;
0
(975)
0
(73,248]
3,064
(70,184)
0
36,064
0
36,064
0
0
28,624
28,624
0
147,500
0
147,500
13
1,581,475
(1,332,509)
248,966
19
Net Cash Provided (used) by
Operating Activities
4,742,777
228,519
9,045
4,980,341
(1,707,980)
3,272,361
Cash
Flows from Capital and Related Financing
Activities:
Acquisition and construction of
capital assets
(7,416,079)
(32,768)
0
(7,448,847)
(953,438)
(8,402,285)
Principal paid on maturing bonds and notes (966,870)
0
0
(966,870)
(350,000)
(1,316,870)
Interest paid on bonds and notes
(2,033,734)
0
0
(2,033,734)
(264,879)
(2,298,613)
Miscellaneous income(1984 refunding)
93,864
0
0
93,864
0
93,864
Bond Proceeds
12,620,000
0
0
12,620,000
0
12,620,000
Contributed Capital
129,837
0
0
129,837
270,191
400,028
Issuance Costs
(296,970)
0
0
(296,970)
(2,064)
(299,034)
Temporary Notes Proceeds
865,000
0
0
865,000
10,061
875,061
Principal from financing leases
0
0
0
0
178,446
178,446
Interest received on financing leases
0
0
0
0
243,108
243,108
Proceeds from Property Tax
0
0
0
0
301,829
301,829
Net Cash used for Capital and
Related Financing Activities
2,995,048
(32,768)
0
2,9629280
(566,746)
29395,534
Cash
Flows from Investing Activities:
Interest on Invested Cash
1,012,585
0
0
1,012,585
94,686
1,107,271
Sale of investments
0
0
0
0
40,000
40,000
Net Cash provided in
_
investing activities
1,012,585
0
0
1,012,585
134,686
1,147,271
Net increase in Cash and Investments
8,750,410
195,751
99045
8,955,206
(2,140,040)
6,815,166
Cash
and Investments, January 1
17,433,878
857,993
162,119
18,453,990
4,151,292
22,605,282
Cash
and Investments, December 31
$26,184,288
$1,053,744
$ 171,164
$27,409,196
$ 2,011,252
$29,420,448
Cash
and Investments is comprised of:
Current
$ 8,916,067
$1,053,744
$ 171,164
$10,140,975
$ 651,512
$10,792,487
Restricted
17,268,221
0
0
17,268,221
1,359,740
18,627,961
Total
$26,184,288
$1,053,744
$ 171,164
$29,420,448
$27,409,196
$ 2,011,252
19
City of Salina
Combined Statement of Cash Flows
All Proprietary Fund Types and Similar Trust Funds
For the Fiscal Year Ended December 31, 1994
Page 2 of 2
Noncash Capital and Related Financial Activities:
Enterprise Funds
Accounts Payable and Retainage Payable at December 31, 1994, includes $576,493 related to acquisition of fixed assets.
Contributions of fixed assets to enterprise funds from other funds of the City and developers totalled $1,134,321 for the
year ended December 31, 1994.
Deferred bond issuance costs were amortized during 1994 as follows:
Capitalized as interest
Charged to debt service expense
Total
Internal Service Funds
$ 6,216
35,005
$ 41,221
Contributions of fixed assets to internal service funds from other funds of the City totalled $410,243 for the year ended
December 31, 1994.
Nonexpendable Trust
Reconciliation of December 31, 1994 cash and investments for Fudiciary Fund Types:
Nonexpendable Trust Funds
Agency Funds
Total Fudiciary Funds
$ 171,164
1,984,850
Salina Airport Authority
During 1994, the authority junked equipment having a basis of $5,247 and traded equipment having a basis of $5,489.
The notes to financial statements are an integral part of this statement.
M
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CITY OF SALINA
Notes to the Financial Statements
December 31, 1994
Note 1. Summary of Significant Accounting Policies
The financial statements of the City of Salina, Kansas have been prepared in
conformity with generally accepted accounting principles (GAAP) as applied
to government units. The Governmental Accounting Standards Board
(GASB) is the accepted standard- setting body for establishing governmental
accounting and financial reporting principles. The more significant of the
government's accounting policies are described below.
A. Reporting Entity
The City of Salina, Kansas is a municipal corporation governed by an
elected, five - member commission. These financial statements present the
City of Salina (the primary government) and its component units.
In evaluating how to define the government, for financial reporting
purposes, management has considered all potential component units. The
decision to include a potential component unit in the reporting entity was
made by applying the criteria set forth in GAAP. A component unit which
meets any one of the following three criteria must be included in the
financial reporting entity:
The primary government appoints the voting majority of the board of
potential component unit and
a. is able to impose its will on the potential component unit
and /or
b. is in a relationship of financial benefit or burden with
the potential component unit.
2. The potential component unit is fiscally dependent upon the primary
government.
3. The financial statements would be misleading if data from the
potential component unit were not included.
Based upon the application of these criteria, the following is a brief review
of each potential component unit addressed in defining the government's
reporting entity.
Included in the reporting entity:
Salina Airport Authority. The Salina Airport Authority (the Airport
Authority) was established by a special state act in 1965. The City of Salina
appoints all the Airport Authority's governing body and is in a relationship
of financial benefit or burden with the Airport Authority. The Airport
Authority may not issue general obligation bonds or levy taxes without the
approval of the City Commission. Airport Authority financial information
included in this report is for the year ended December 31, 1994.
21
Salina Housing Authority. The Salina Housing Authority's (the Housing
Authority) governing board is appointed by the City of Salina. The City of
Salina is in a relationship of financial benefit or burden with the Housing
Authority. The Housing Authority may not execute certain contracts,
borrow money, issue bonds, or acquire or dispose of property without the
approval of the City Commission. Housing Authority financial information
included in this report is for the year ended June 30, 1994.
Complete financial statements of the individual component units can be
obtained from their respective administrative offices.
B. Fund Accounting
The government uses funds and account groups to report on its financial
position and the results of its operations. Fund accounting is designed to
demonstrate legal compliance and to aid financial management by segregating
transactions related to certain government functions or activities.
A fund is a separate accounting entity with a self- balancing set of accounts.
An account group, on the other hand, is a financial reporting device
designed to provide accountability for certain assets and liabilities that are
not recorded in the funds because they do not directly affect net expendable
available financial resources.
Funds are classified into three categories: governmental, proprietary and
fiduciary. Each category, in turn, is divided into separate "fund types ".
Governmental funds are used to account for all or most of a government's
general activities, including the collection and disbursement of earmarked
monies (special revenue funds), the acquisition or construction of general
fixed assets (capital projects funds), and the servicing of general long -term
debt (debt service funds) . The general fund is used to account for all
activities of the general government not accounted for in some other fund.
Proprietary funds are used to account for activities similar to those found in
the private sector, where the determination of net income is necessary or
useful to sound financial administration. Goods or services from such
activities can be provided either to outside parties (enterprise :Funds) or to
other departments or agencies primarily within the government (internal
service funds) .
Fiduciary funds are used to account for assets held on behalf of outside
parties, including other governments, or on behalf of other funds within the
government. Each Fiduciary Fund within the City is a non - expendable trust
fund. Due to formal trust agreements, the government is under an
obligation to maintain the trust principal. Agency funds generally are used
to account for assets that the government holds on behalf of others as their
agent.
OW
C. Basis of Accounting
The accounting and financial reporting treatment applied to a fund is
determined by its measurement focus. All governmental funds are accounted
for using a current financial resources measurement focus. With this
measurement focus, only current assets and current liabilities generally are
included on the balance sheet. Operating statements of these funds present
increases (i.e., revenues and other financing sources) and decreases (i.e.,
expenditures and other financing uses) in net current assets.
All proprietary funds and nonexpendable trust funds are accounted for on a
flow of economic resources measurement focus. With this measurement focus,
all assets and all liabilities associated with the operation of these funds
are included on the balance sheet. Fund equity (i.e., net total assets) is
segregated into contributed capital and retained earnings components.
Proprietary fund -type operating statements present increases (e.g.,
revenues) and decreases (e.g., expenses) in net total assets.
The modified accrual basis of accounting is used by all governmental fund
types and agency funds. Under the modified accrual basis of accounting,
revenues are recognized when susceptible to accrual (i.e., when they become
both measurable and available). "Measurable" means the amount of the
transaction can be determined and "available" means collectible within the
current period or soon enough thereafter to be used to pay liabilities of the
current period. Expenditures are recorded when the related fund liability is
incurred. Principal and interest on general long -term debt are recorded as
fund liabilities when due.
Those revenues susceptible to accrual are property taxes, special
assessments, certain fines, interest revenue and charges for services. Local
sales and gas taxes collected and held by the state at year end on behalf of
the government also are recognized as revenue. Permits and licenses are
not susceptible to accrual because generally they are not measurable until
received in cash.
The accrual basis of accounting is utilized by proprietary fund types and
nonexpendable trust funds. Under this method, revenues are recorded when
earned and expenses are recorded at the time liabilities are incurred.
The government reports deferred revenue on its combined balance sheet.
Deferred revenues arise when a potential revenue does not meet both the
"measurable" and "available" criteria for recognition in the current period.
Deferred revenues also arise when resources are received by the government
before it has a legal claim to them, as when grant monies are received prior
to the incurrence of qualifying expenditures. In subsequent periods, when
both revenue recognition criteria are met, or when the government has a
legal claim to the resources, the liability for deferred revenue is removed
from the combined balance sheet and revenue is recognized.
D. Budgets
Budgets are adopted on a basis consistent with Kansas State Statutes.
Annual appropriated budgets are adopted for the general, debt service,
internal service, enterprise and certain special revenue funds. All annual
appropriations lapse at fiscal year end. Project- length financial plans are
adopted for all capital projects funds.
23
Encumbrances represent commitments related to unperformed contracts for
goods or services. Encumbrance accounting - under which purchase orders,
contracts and other commitments for the expenditure of resources are
recorded to reserve that portion of the applicable appropriation - is utilized
in the governmental funds. Encumbrances outstanding at year end are
reported as reservations of fund balances and do not constitute expenditures
or liabilities because the commitments will be honored during the subsequent
year.
E. Pooled Cash and Investments
Cash resources of the individual funds are combined to form a pool of cash
and investments which is managed by the City (except for investments in the
Kansas Municipal Investment Pool and deferred compensation investments
purchased through ICMA Retirement Corporation) . Cash includes amounts in
demand deposits. Investments of the pooled accounts consist primarily of
certificates of deposit and U.S. government securities carried at cost, which
approximates market. Interest income earned is allocated among funds based
on average monthly cash balances and in accordance with the adopted
budget.
Investments in the Kansas Municipal Investment Pool are carried at cost.
Investments of the Employees' Deferred Compensation Fund are recorded at
market because the employer's liability to each participant is measured by the
participants share of the market value of the plan assets.
For purposes of the statements of cash flows, all cash and investments are
reported as cash since each fund may deposit additional cash at any time and
also may withdraw cash at any time without prior notice or penalty.
F. Short -term Interfund Receivables/Payables
During the course of operations, numerous transactions occur between
individual funds for goods provided or services rendered. These receivables
and payables are classified as "due from other funds" or "clue to other
funds" on the balance sheet.
G. Inventories
Inventories are valued at cost, which approximates market, using the
first- in/first -out (FIFO) method. The costs of governmental fund -type
inventories are recorded as expenditures when purchased. The balance of
governmental fund -type inventories are offset by a reservation of fund
balance.
H. Restricted Assets
Certain
proceeds of enterprise fund revenue bonds
and general obligation
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 "Water and
Sewer F'rincipal 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
24
deficiencies in the Water and Sewer Principal and Interest Account. The
"Extension and Bond Retirement" account is used to report resources set
aside for operation, maintenance, repair, improvement and debt service
purposes, as specified by certain bond ordinances. The "Bond Escrow"
account is used to report resources set aside in a "crossover refunding"
transaction (see Note 9).
The following is a summary of the account balances at December 31, 1994.
Account
Water and Sewer Principal and Interest
$ 615,517
Debt Service Reserve - 1990 Bonds
911,500
Debt Service Reserve - 1992 Bonds
1,340,000
Debt Service Reserve - 1993 Bonds
265,000
Debt Service Reserve - 1994 Bonds
106,600
Bond Escrow
11,, 259, 895
Extension and Bond Retirement
979,758
Unexpended Bond Proceeds for
Water System Improvements
81,316
Filter Press Facility
1,014,155
Wastewater Plant
257,480
Solid Waste Construction
340,735
Interceptor Sewer
96,265
Total
$ 17, 268, 221
I. Fixed Assets
General fixed assets are not capitalized in the funds used to, acquire or
construct them. Instead, capital acquisition and construction are reflected
as expenditures in governmental funds, and the related assets are reported
in the general fixed assets account group. All purchased fixed assets are
valued at cost where historical records are available and at an estimated
historical cost where no historical records are available. Donated fixed
assets are valued at their estimated fair market value on the date received.
The costs of normal maintenance and repairs that do not add to the value of
the asset or materially extend asset lives are not capitalized. Improvements
are capitalized and depreciated over the remaining useful lives of the related
fixed assets, as applicable.
Public domain ( "infrastructure ") general fixed assets consisting of roads,
bridges, curbs and gutters, streets and sidewalks, drainage systems and
lighting systems are not capitalized, as these assets are immovable and of
value only to the government.
Assets in the general fixed assets account group are not depreciated.
Depreciation of buildings, equipment and vehicles in the proprietary fund
types is computed using the straight -line method over the estimated useful
life of each asset.
Interest is capitalized on proprietary fund assets acquired with tax - exempt
debt. The amount of interest to be capitalized is calculated by offsetting
interest expense incurred from the date of the borrowing until completion of
the project with interest earned on invested proceeds over the same period. 25
J. Compensated Absences
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
which 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.
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 of the governmental fund that will pay it. Amounts of vested
or accumulated vacation leave that are not expected to be liquidated with
expendable available financial resources are reported in the general long -term
debt account group. No expenditure is reported for these amounts. Vested
or accumulated vacation leave of proprietary funds is recorded as an expense
and liability of those funds as the benefits accrue to employees. In
accordance with the provisions of Statement No. 16 of the Governemental
Accounting Standards Board, Accounting for Compensated ,Absences, a
liability is recorded for accumulating rights to receive sick pay benefits
that are payable upon termination of employment.
K. Long -term Obligations
Long -term debt is recognized as a liability of a governmental fund when
due. For other long -term obligations, only that portion expected to be
financed from expendable available financial resources is reported as a fund
liability of a governmental fund. The remaining portion of such obligations
is reported in the general long -term debt account group. Long -term
liabilities expected to be financed from proprietary fund operations are
accounted for in those funds.
L. Fund Equity
Contributed capital is recorded in proprietary funds that have received
capital grants or contributions from developers, customers or other funds.
Reserves represent those portions of fund equity not appropriable for
expenditure or legally segregated for a specific future use.
M. Deferred Issuance Costs
In governmental fund types, issuance costs are recognized in the current
period. Issuance costs for proprietary fund types are deferred and
amortized over the term of the related bonds. Issuance costs are recorded as
deferred charges.
26
N. Interfund Transactions
Quasi- external transactions (i.e. , transactions that would be treated as
revenues or expenses if they involved organizations external to the
governmental unit, such as internal service fund billings to departments) are
accounted for as revenues, expenditures or expenses. Transactions that
constitute reimbursements to a fund for expenditures /expenses initially made
from it that are properly applicable to another fund, are recorded as
expenditures /expenses in the reimbursing fund and as reductions of
expenditures /expenses in the fund that is reimbursed.
All other interfund transactions, except quasi - external transactions and
reimbursements, are reported as transfers. Nonrecurring or nonroutine
permanent transfers of equity are reported as residual equity transfers. All
other interfund transfers are reported as operating transfers.
O. Memorandum Only - Total Columns
Total columns on the general purpose financial statements are captioned
"memorandum only" to indicate that they are presented only to facilitate
financial analysis. Data in these columns do not present financial position,
results of operations or cash flows in conformity with generally accepted
accounting principles. Neither are such data comparable to a consolidation.
Interfund eliminations have not been made in the aggregation of this data.
Note 2. Legal Compliance - Budgets
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 funds, and enterprise funds. The statutes provide
for the following sequence and timetable in the adoption of the legal annual
operating budget:
a. Preparation of the budget for the succeeding calendar year on or
before August 1st.
b. Publication in local newspaper of the proposed budget and notice of
public hearing on the budget on or before August 5th.
c. Public hearing on or before August 15th, but at least ten days
after publication of notice of hearing.
d. 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 tern days after
publication the hearing may be held and the governing body may amend the
budget at that time. The 1994 budget for Tourism and Convention was
increased from $475,000 to $560,333 to reflect additional collections of
transient guest taxes.
27
The legal level of budgetary control is at the fund level. Governing Body
action is required to increase the total budget for any budgeted fund.
Statutes prohibit expenditures in excess of the total amount of the adopted
budget of expenditures of individual funds unless the Governing Body
follows a formal budget republish procedure. Management may transfer
amounts between line items within a budgeted fund without formally
republishing the budget. 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 and
agency funds and the following funds:
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. These are Bicentennial Center
Event, HUD Community Development, Community Development Revolving,
Heritage Commission, Fair Housing, Special Law Enforcement, Police
Grants and Traffic Safety Grant.
Water and Sewer Principal and Interest Account and Bond Reserve
Accounts - These funds are not budgeted since receipts and expenditures
are in accordance with requirements of applicable bond issues.
Solid Waste Construction - This fund is not budgeted since receipts and
expenditures are in accordance with requirements of a bond issue.
Special Revenue Funds which must be budgeted are the Employee Benefit,
Utility, Special Liability, Business Improvement District, Tourism and
Convention, Special Parks, Special Alcohol, Special Gas Tax and Bicentennial
Center funds.
Combined actual operations (budgetary basis) compared to budget for
proprietary fund types for the year 1994 are as follows:
Enterprise Funds
Budget
Actual
Variance
Receipts
Charges for services
$11,720,000
$12,083,048
$ 363,048
Interest
244,000
373,010
129,010
Reimbursements
200
920
720
Miscellaneous
103,300
190,954
87,654
Intergovernmental
0
125,800
125,800
Bond and Temporary
Note Proceeds
250,000
1.2,742,150
12,492,150
Total Receipts
13,198,382
Expenditures
Sub'ect to Budget
public
Works
6,676,859
6,258,462
418,397
Recreation
492,059
521,327
(29,268
Debt service
2,400
235,347
232,947
Capital outlay
1,940,150
2,069,375
129,225
Transfers out
3,178,367
3,085,438
92,929
Cash reserve
5,636,887
0
5,636,887
Total Expenditures -
Subject to Budget 17,926,722 12,169,949 5,756,773
Not Subject to Budget -from
bond proceeds
Transfer to bond excrow
and bond issue costs 0 11,363,557 (11,363,557
Capital Outlay 0 1,057,697 (1, 057 , 697
Total Expenditures - )
Receipts over (under) expenditures (5,609,222) 924,679 6,533,901.
Unencumbered cash, January 1 51609,222 7,084,509 1,475,287
Unencumbered cash, December 31 $ ,
----- - - - - -- ----- - - - - -- ----- - - - - --
29
Internal Service Funds
Receipts
Charges for services
Reimbursements
Transfers in
Miscellaneous
Total Receipts
Expenditures
General government
Other
Capital outlay
Transfers out
Cash reserve
Total Expenditures
Budget Actual Variance
$ 945,035 $ 794,420 $ (150,615)
0 6,643 6,643
1,153,058 1,153,058 0
0 3,206 3,206
943,286 1,199,717
788,080 634,524
168,500 35,259
9,192 9,192
985,925 0
,83 1,
(256,431)
153,556
133,241
0
985,925
Receipts over (under) expenditures ( � —759=
Unencumbered cash, January 1 796,890 667,634 (129256)
Unencumbered cash, December 31
Note 3. Budgetary Reconciliation
The actual data resented in the Combined Statement of Receipts,
Expenditures, and Phanges in Unencumbered Cash - Budgetary Basis differ
from the data in the Combined Statement of Revenues, Expenditures and
Changes in Fund Balances, which is presented on the GAAP basis. The
following reconciliations are presented to provide a correlation between the
different bases of reporting.
Revenues (GAAP basis)
Add operating and residual
equity transfers
Adjustment for accrued
deferred revenue
Nonbudgeted funds
Receipts (budgetary basis)
Expenditures (GAAP basis)
Add operating and residual
equity transfers
Adjust for encumbrances
Nonbudgeted funds
Decrease inventory
Decrease in accrued expense
Lease Obligation
Expenditures (budgetary basis)
30
Special Debt
General Revenue Service
Fund Funds Fund
97,579 334,133 837,162
(106,335) (31 ,817 0
0 (1,$35,1643 0
$15,295,2 $ 79—,= ' ,
$13,461,909 $ 7,793,663 $ 2,772,819
675,994
546,712
0
615,369
36,071
0
0
(1,595,292)
0
(26,043)
0
0
874
17,092
0
(389,355)
0
0
1
The actual data presented in Note 2 for Proprietary Fund Types differ from
the data in the Combined Statement of Revenues, Expenses and Changes in
Retained Earnings for Proprietary Fund Types. The following reconciliation
is presented to provide a correlation between the different bases of
reporting.
Internal
Enterprise Service
Funds Funds
Net income (GAAP basis) 2,S01,203 �--191, 051
Additions:
Depreciation
1,694,309
71,110
Amortization of bond issue costs
41,221
0
Increase in accrued compensation
31,081
5,096
Increase in other accrued expenses
147,500
0
Bond proceeds
12,620,000
0
Contributed Capital
0
(113)
( Intergovernmental)
1,784,768
0
Temporary Note Proceeds
865,000
0
Decrease in encumbrances
2,164,675
3,059
Nonbudgeted Funds
434,211
0
Increase in Accounts Payable
18,116
0
Decrease in inventory
& Prepaid supplies
41,224
0
Increase in Interest Payable
102,545
0
Loss on disposition of assets
20,588
131,774
Deductions:
Decrease in payables
(31,909)
0
Capital outlay
(7,616,128)
(30,994)
Capitalized interest -net
(524,160 )
0
Debt service - principal
(966,870)
0
Increase in encumbrances
0
(215,650)
Decrease in accrued compensation
0
(113)
Decrease in meter deposits payable
(975)
0
Increase in accounts receivable
(844,854)
0
Bond issuance costs
(296,971)
(76,698)
Bond Escrow purchase
(11,089,308)
0
Net escrow interest revenue
(170,587)
0
Receipts over (under) expenditures
(budgetary basis)
$ 924,679
$ 78,635
31
Note 4. Deposits and Investments
A. City of Salina
Deposits. At year end, the carrying amount of the government's deposits
was $3,880,900 and the bank balance was $4,575,671. All of the bank
balance was covered by federal depository insurance or by collateral held by
the government's agent in the government's name.
State statutes require that collateral be pledged in an amount equal to or
greater than 100% of the market value of deposits and such collateral be held
in the City's name by (1) a financial institution other than the pledging
financial institution or (2) the Federal Reserve Bank.
Investments. State Statutes authorize the
generally in:
(1) Temporary notes or no -fund warrants
(2) Time deposits, open accounts or
maturities of not more than two years,
(3) Repurchase agreements.
city to invest cash balances
issued by the City of Salina,
certificates of deposits with
and
The following investment options are available if eligible financial
institutions cannot or will not make the investments described in (2) above
available at interest rates equal to or greater than the statutory interest
rate.
(1) In U.S. Treasury Bills or notes with maturities not exceeding two
years,
(2) In the municipal investment pool operated by the State Treasurer,
or
(3) With trust departments of commercial banks which have offices
located in Salina.
State statutes allow investment of the proceeds of bonds and temporary notes
in the following in addition to those otherwise permitted by state law:
(1) U. S. Government and agency obligations.
(2) Time deposits with banks and trust companies in Saline County.
(3) FNMA, FHLB and FHLMC obligations.
(4) Collateralized repurchase agreements.
(5) Investment agreements with financial institutions including
broker /dealers whose obligations are rated in one of the three
highest rating categories by either Moody's or Standard & Poors.
(6) Mutual funds whose portfolio consists entirely of obligations of the
U.S. Government , U.S. Government agencies, FNMA, FHLB and
FHLMC.
(7) Certain Kansas municipal bonds.
All assets of the deferred compensation plan (Section 457 Plan) are held and
invested by ICMA Retirement Corporation.
32
The government's investments can be categorized as either (1) insured or
registered, or securities held by the government or its agent in the
government's name, (2) uninsured and unregistered, with securities held by
the counterparty's trust department or agent in the government's name or
(3) uninsured and unregistered, with securities held by the cou.nterparty or
by its trust department or agent but not in the government's naute.
The following is a summary of investments by category at December 31, 1994.
Two funds, Police Grants and Traffic Safet Grant, experienced overdraws
on their share of the pooled cash account of 5,010 and $62,516, respectively.
The difference between the carrying amount of the cash pool and the equity
displayed in the balance sheet is summarized below:
Carrying amount - Cash Pool $38,199,509
Less: Fund overdraws 67,526
Balance sheet equity $38,131,983
B. Salina Airport Authority
Cash and investments for the Salina Airport Authority consist of the
following:
Cash
Current
Restricted
Total Cash
Investments restricted
Deferred compensation plan assets
Total Cash and Investments
$ 651,512
1,359,740
2,011,252
60,000
49,967
2,121,219
33
Categories
Carrying
Market
1 2 3
Amount.
Value
U. S. Government Securities
$20,481,965 $ 0 $ 0
$20,481,965
$20,141,706
Temporary notes
1,037,552 0 0
1,037,552
1,037,552
$21,519,517 $ 0 $ 0
21,519,51.7
21,179,258
Deferred Compensation Investment
1,449,2516
1,449,286
Municipal Investment Pool
22,385
22,385
Bond Escrow
11,259,895
10,065,052
Total Investments
$34,251,083
$32,715,981
Two funds, Police Grants and Traffic Safet Grant, experienced overdraws
on their share of the pooled cash account of 5,010 and $62,516, respectively.
The difference between the carrying amount of the cash pool and the equity
displayed in the balance sheet is summarized below:
Carrying amount - Cash Pool $38,199,509
Less: Fund overdraws 67,526
Balance sheet equity $38,131,983
B. Salina Airport Authority
Cash and investments for the Salina Airport Authority consist of the
following:
Cash
Current
Restricted
Total Cash
Investments restricted
Deferred compensation plan assets
Total Cash and Investments
$ 651,512
1,359,740
2,011,252
60,000
49,967
2,121,219
33
Kansas statutes authorize the Authority to invest in United States
Obligations, secured repurchase agreements, certificates of deposit, time
deposits and open accounts.
The carrying amount of deposits and investments by type of investment at
December 31, 1994 are as follows:
Carrying Value
Cash deposits $2,011,252
Certificates of deposit 60,000
Total Deposits 2,071,252
Deferred compensation plan assets 49,967
Total Deposits and Investments $2,121,219
Deposits of the Authority with financial institutions at December 31, 1994 are
categorized by credit risk as follows:
Carrying Bank
Value Balance
Cash on deposit insured
by federal deposit
insurance corporation $ 300,000 $ 300,000
Collaterized with securities
held by pledging financial
institution in
Authority's name 1,771,202 1,803,690
2,071,202 2,103,690
Cash on hand 50 0
2,071,252 $2,103,690
---- - - - - -- ---- - - - - --
---------- ---- - - - - --
The Authority's deposits are entirely covered by federal depository
insurance or by collateral held by pledging financial institutions in the
Authority's name.
Investment transactions made during the year ended December 31, 1994,
were limited to secured repurchase agreements and deferred compensation plan
investments.
34
Note 5. Receivables
Receivables at December 31, 1994 consist of the following:
In accordance with governing State statutes, property taxes levied during the
current year are a revenue source to be used to finance the budget of the
ensuing year. Taxes are assessed as of January 1 and become a lien on the
property on November 1 of each year. The County Treasurer is the tax
collection agent for all taxing entities within the County. Property owners
have the option of paying one -half or the full amount of the taxes levied on or
before December 20 during the year levied with the balance to be paid on or
before June 20, of the ensuing year. State statutes prohibit the County
Treasurer from distributing taxes collected in the year levied prior to January
1 of the ensuing year. Consequently, for revenue recognition purposes, the
taxes levied during the current year are not due and receivable until the
ensuing year. At December 31, such taxes are a lien on the property and are
recorded as taxes receivable, net of anticipated delinquencies, with a
corresponding amount recorded as deferred revenue on the balance sheet of
the appropriate funds.
35
Trust
Special
Debt
Capital
Internal
and
General
Revenue
Service
Projects
Enterprise
Service
Agency
Total
Receivables:
Interest
$ 230,713
$ 0
$ 0
0
$ 46,867
0
$184
$ 277,764
Taxes
992,004
3,657,623
1,885,730
0
0
0
0
6,535,357
Accounts
377,168
87,821
0
0
743,834
0
0
1,208,823
Loans
0
11,760
0
0
0
0
0
11,760
Special Assessments
0
0
3,369,711
0
0
0
0
3,369,711
Deposit
0
0
0
0
0
24,850
0
24,850
Intergovernmental
0
91,750
0
0
646,500
0
0
738,250
Gross Receivables
1,599,885
3,848,954
5,255,441
0
1,437,201
24,850
184
12,166,515
Less: Allowance for
uncollectibles
190,660
27,099
81,508
0
79,341
0
0
378 608
Net Total Receivables $
1,409,225
$ 3,821,855
$ 5,173,933
$ 0
$1,357,860
$ 24,850
$184
$11,787,907
In accordance with governing State statutes, property taxes levied during the
current year are a revenue source to be used to finance the budget of the
ensuing year. Taxes are assessed as of January 1 and become a lien on the
property on November 1 of each year. The County Treasurer is the tax
collection agent for all taxing entities within the County. Property owners
have the option of paying one -half or the full amount of the taxes levied on or
before December 20 during the year levied with the balance to be paid on or
before June 20, of the ensuing year. State statutes prohibit the County
Treasurer from distributing taxes collected in the year levied prior to January
1 of the ensuing year. Consequently, for revenue recognition purposes, the
taxes levied during the current year are not due and receivable until the
ensuing year. At December 31, such taxes are a lien on the property and are
recorded as taxes receivable, net of anticipated delinquencies, with a
corresponding amount recorded as deferred revenue on the balance sheet of
the appropriate funds.
35
Note 6. Fixed Assets
The following is a summary of changes in the general fixed assets account
group during the fiscal year:
The following is a summary of proprietary fund -type fixed assets at
December 31, 1994.
Balance
$ 339,329
Funds
Balance
$ 514,050
January 1
1,983,984
Water Plant & Equipment
December 31
Sewage Plant & Equipment
1994
Additions
Retirements
1994
Land
$ 2,501,353
$ 450
$ 0
$ 2,501,803
Land Improvements
174,289
308,132
0
482,421
Buildings
10,455,031
23,778
0
10,478,809
Equipment
3,878,615
521,558
244,002
4,156,171
Vehicles
32020,071
319,780
302,219
32037,632
Total
$20,029,359
$1,173,698
$ 546,221
$20,656,836
The following is a summary of proprietary fund -type fixed assets at
December 31, 1994.
Internal
Service
_ Funds
$ 0
0
0
0
22,072
901,883
_ 0
923,955
294.466
$ 629,489
The City has entered into contractual commitments totaling $1,827,702 to
complete certain projects included in Construction in Progress at December
31, 1994.
By Fund, they total:
Solid
Enterprise
$ 339,329
Funds
Land
$ 514,050
Land Improvements
1,983,984
Water Plant & Equipment
28, 874, 626
Sewage Plant & Equipment
34, 089, 749
Other Buildings
395,791
Other Vehicles & Equipment
3,233,798
Construction in Progress
1,607,080
Water
70,699,078
Less Accumulated Depreciation
22, 340, 691
Net Fixed Assets
$ 48,358,387
Internal
Service
_ Funds
$ 0
0
0
0
22,072
901,883
_ 0
923,955
294.466
$ 629,489
The City has entered into contractual commitments totaling $1,827,702 to
complete certain projects included in Construction in Progress at December
31, 1994.
By Fund, they total:
Solid
Waste - Landfill Improvements
$ 339,329
Water
&
Sewer
- Interceptor Sewer
96,382
Water
&
Sewer
- Sewer Plant Construction
478,572
Water
&
Sewer
- Water System Improvements
35,709
Water
&
Sewer
- Filter Press Facility
877,710
Total
$1,827,702
In proprietary funds, the following estimated useful lives are used to compute
depreciation:
Utility Plant & Buildings
Equipment and Vehicles
36
20 -50 Years
5 -20 Years
Note 7. Capitalization of Interest
Interest costs incurred to bring certain assets in proprietary funds to the
condition and location necessary for their intended use are capitalized as
part of the historical cost of acquiring the assets. Additionally, in
situations involving the acquisition of certain assets financed with the
proceeds of tax - exempt borrowing, any interest earned on related
interest - bearing investments from such proceeds are offset against the related
interest costs in determining either capitalization rates or limitations on
the amount of interest costs to be capitalized.
A summary of interest cost of the proprietary funds by fund for the year
1994 follows:
Total interest cost
Capitalized interest cost
Interest expense
Water & Sewer
$2,078,065
602,295
1,475,770
Capitalized interest cost $ 602,295
Related interest earned on unexpended
bond proceeds whose use is limited 136,345
Net Interest Cost Capitalized 465,950
Note. 8. Risk Management
Golf
Solid Waste Course
$ 96,917 $ 2,518
69,336 0
27,581 2,518
$ 69,336 $ 0
11,126 0
58,210 $ 0
The government established a limited risk management program for workers'
compensation in 1991. 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. During fiscal year 1994, a total of $299,701 was paid in benefits
and administrative costs. An excess coverage insurance policy covers
individual claims in excess of $250,000 ($350,000 for accidents involving
employees classified as policemen or firemen) . Incurred but riot reported
claims of $234,429 have been accrued as a liability based primarily upon
subsequent payments. Interfund premiums are reported as quasi- external
interfund transactions.
37
Note 9. Long -term Debt
A. City of Salina
General Obligation Bonds. The government issues general obligation bonds
to provide funds for the acquisition and construction of major capital
facilities. General obligation bonds have been issued for general government
activities only. General obligation bonds have been issued to refund only
general obligation bonds.
General obligation bonds are direct obligations and pledge the full faith and
credit of the government. These bonds generally are issued as 10 year
serial bonds, except for refunding issues, with approximately equal amounts
of principal maturing each year. General obligation bonds currently
outstanding are as follows:
Final Maturity
Date
Purpose
Interest
Rate
1986
Street and Utilities
5.40 -
5.70
%
1987
Downtown Redevelopment
6.25 -
6.65
%
1988
Internal Improvements
6.25 -
6.375%
1989
Internal Improvements
5.90 -
6.20
%
1990
Broadway Overpass
5.75 -
6.15
%
1991
Internal Improvements
5.25 -
6.25
%
1991
Street and Utilities
5.4 -
7.40
%
1991
Crawford Street
4.05 -
6.50
%
1992
Crawford Street
3.75 -
5.90
%
1992
Refunding Bonds
3.50 -
4.90
%
1993
Internal Improvements
3.40 -
5.00
%
1993
Internal Improvements
3.50 -
5.50
%
1994
Internal Improvements
4.70 -
6.50
%
Final Maturity
Date
Amount
Dec
1,
1996
$ 530,000
Dec
1,
1997
1,500,000
Dec
1,
1998
390,000
Dec
1,
1999
575,000
Dec
1,
2000
270,000
Oct
1,
2001
910,000
Oct
1,
2001
980,000
Oct
1,
2001
1,245,000
Oct
1,
2002
1,000,000
Apr
1,
1996
600,000
Oct
1,
2003
1,700,000
Oct
1,
2003
620,000
Oct
1,
2004
1,175,000
$11,495,000
Annual debt service requirements to maturity for general obligation bonds,
including interest of $2,263,408 are as follows:
Fiscal Year Ending
December 31
Amount
1995
$ 3,037,997
1996
2,616,374
1997
2,076,966
1998
1,472,801
1999
1,315,759
Thereafter
3,238,511
13,758,408
0*3
Revenue Bonds. The government also issues bonds where the government pledges
income derived from the acquired or constructed assets to pay debt service.
Revenue bonds outstanding at December 31, 1994, are as follows:
Purpose
Water & Sewage System
Series 1990A Refunding
Water & Sewage System
Series 1990B
Water & Sewage System
Series 1992
Water & Sewage System
Series 1993
Water & Sewage System
Series 1994 Refunding
Water & Sewage System
Series 1994 - B
Interest Rates
6.1 - 7.0 %
7.0 - 7.1 %
Final
Maturity Date Amount
Oct. 1, 2005 $ 4,585,000
Oct. 1, 2008 2,210,000
5.4 - 7.4 % Oct. 1, 2012 14,200,000
4.5 - 6.5 % Oct. 1, 2013 3,110,000
4.3 - 5.25% Sept 1, 2012 11,390,000
5.1 - 7.10% Oct. 1, 2014 1,230,000
`36,725,000
Revenue bond debt service requirements to maturity, including $23,948,642
of interest are as follows:
Fiscal Year Ending
December 31
Amount
1995 $ 3,033,563
1996 3,047,718
1997 3,041,508
1998 3,040,723
1999 3,029,668
Thereafter 45,480,462
Total $60,673,64-2
The City has established certain reserve accounts pursuant to the bond
ordinances authorizing the issuance of Combined Water and Sewage System
Revenue Bonds, Series 1990B the Combined Water and Sewerage System
Improvement Revenue Bonds, Series 1992, the Combined Water and Sewerage
System Improvements Revenue Bonds, Series 1993 and the Combined Water
and Sewerage System Improvement Revenue Bonds, Series 1994 -13, 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 pledge of gross revenues of the Water and Sewer Department
to secure payment of the bonds is subordinate to a similar pledge to secure
payment of certain defeased Water and Sewer revenue bonds.
39
The amounts required to
be maintained in the reserve accounts established
by the
bond ordinance authorizing
issuance of
the 1990B,
1992,
1993 and 1994 -B
bonds have been provided
and the total revenues of the
water
and sewerage
system
appear sufficient to
meet the requirements of the ordinance.
Temporary Notes. Kansas
Statutes permit the
issuance of
temporary notes to
finance
certain capital improvement projects
which will
be refinanced with
general
obligation bonds.
Temporary notes outstanding at
December 31, 1994,
are payable
as follows:
Date
Issued
Interest Rate
Due Date
Amount
Apr.
1, 1994
4.50 %
Dec. 31,
1995
$1,035,000
Apr.
1, 1994
4.70 %
Apr. 01,
1995
95,000
Apr.
1, 1994
4.60 %
Apr. 01,
1996
95,000
Apr.
1, 1994
4.375%
Apr. 01,
1997
95,000
Aug.
1, 1993
3.24 %
Aug. 01,
1995
70,000
Aug.
1, 1993
3.24 %
Aug. 01,
1996
70,000
July
1, 1994
4.13 %
Dec. 31,
1996
460,000
Oct.
1, 1994
4.60 %
Dec. 31,
1995
580,000
Nov.
1, 1994
4.83 %
June 30,
1996
520,000
020,000
Change in Long -Term Debt. The following is a summary of long-term debt
transactions for the year ended December 31, 1994.
Outstanding, January 1
New Debt Issued or Acquired
1994 Internal Improvements
1994 Water & Sewer Refunding
1994 -B Water & Sewer
Temporary Notes
Net Change in Accrued
Compensation
Computer Lease
Bonds Retired
Notes Retired
Outstanding,
December 31
U11
General Long -term Debt Account Group
General
Capital obligation Temporary Accrued Proprietary
Lease Bonds Notes Compensation Totals Fund Types
$ - $10,921,500 $1,028,000 $ 1,238,828 $13',188,328 $26,773,500
1,175,000 - - 1,175,000 -
- - - 11,390,000
- - - - 1,230,000
2,015,000 - 2,015,000 865,000
- - - 108,223 108,223 -
389,355 - - - 389,355 -
- (2,163,130) - - (2,163,130) (896,870
(1,028,000) - (1,028,000) (70,000
$ 389,355 $ 9,933,370 $2,015,000 $1,347,051 $13,684,776 $39,291,630
In prior years, the City defeased certain general obligation and revenue bonds
by placing the proceeds of new bonds and cash and certain investments in
irrevocable trusts to provide for all future debt service payments on the old
bonds. Accordingly, the trust department assets and the liability for the
defeased bonds are not included in these financial statements. On December 31,
1994, a total of $650,000 of general obligation and $9,986,000 of revenue bonds
are considered defeased.
The City issued $11,390,000 of Combined Water and Sewerage System Revenue
Refunding Bonds, Series 1994, dated January 1, 1994 to provide funds to
establish an escrow account for the payment of the principal only of the
callable portion of the City's outstanding Water and Sewage System
Improvement Revenue Bonds, Series 1992 (the "Refunded Bonds ") .
The Refunded Bonds in the amount of $11,045,000 will be called on their
earliest optional redemption date, October 1, 2000, and redeemed at such
time. Payment of interest on the Refunded Bonds will not be provided for
with funds from the escrow account and will be payable by the City up to and
including the date the Refunded Bonds are called and redeemed, and thus the
Refunded Bonds are not considered defeased. Pending redemption of the
Refunded Bonds, interest on the 1994 Refunding Bonds from January 1, 1994
to and including September 1, 2000 will be paid from the escrow established
with proceeds from the sale of the 1994 Refunding Bonds. This crossover
refunding transaction was undertaken in order to achieve interest cost savings
and reduce periodic debt service payments.
Capital Lease. The City leases an IBM AS/400 computer system through
capital leasing arrangements in the governmental and internal service fund
types. The assets are recorded in the Data Processing internal service fund
and are treated as contributed capital; the lease obligation is recorded in the
general long term debt account group as lease payments are to be made with
general funds. The computer system was placed in service late in December
1994, thus no amortization is included for 1994. The total cost of the computer
equipment acquired was $389,355.
The future minimum lease obligations as of December 31, 1994, were as follows:
Year Ending December 31
1995
1996
1997
Total minimum
Less: Amount
Present value
Minimum Lease Payments
$142„340
142 „340
142.340
lease payments 427.,020
representing interest 37.665
of minimum lease payments $389,355
41
B . Salina Airport Authority
Long -term debt outstanding at December 31, 1994, follows: Amount
Building revenue bonds series 1985, originally
issued December 1, 1985, due in annual installments
increasing from $110,000 for 1992 and 1993 to
$130,000 in 1995, plus interest at 80% of the base
lending rate of The National Bank of America, Salina
Kansas. $ 130,000
General obligation economic development bonds
series 1990A, originally issued July 1, 1990 due
in annual installments increasing from $45,000
in 1992 to $175,000 in 2010 plus interest ranging
from 6.4% to 8.375%
1,705,000
General obligation economic development bonds
series 1990B, originally issued October 1, 1990
due in annual installments increasing from $20,000
in 1992 to $70,000 in 2010 plus interest ranging
from 6.5% to 8.5%
690,000
Leasehold revenue bonds series 1991, originally
issued November 1, 1991, due in annual installments
increasing from $35,000 in 1992 to $90,000 in 2006
plus interest ranging from 5% to 7.25%
740,000
General obligation bonds series 1993A, originally
issued December 1, 1993, due in annual installments
increasing from $35,000 in 1994 to $45,000 in 2003
plus interest at 3.4% to 5%
340,000
General obligation bonds series 1993B, originally
issued December 1, 1993 due in annual installments
increasing from $25,000 in 1994 to $35,000 in 2003
plus interest at 3.85% to 4.75%
250,000
Total
3,855,000
Less current maturities
305,000
Long -term debt, less current maturities
$3,550,000
The proceeds of all of bonds issued 1984 through 1991 were used to
purchase or construct commercial real property transferred under direct
financing leases. The bonds are expected to be repaid from proceeds of
the financing leases. One financing lease in the original principal amount
of $1,077,422 is in default. Bonds relating to the defaulted lease are
expected to be repaid from the proceeds from sale of the building or from
building rents.
42
The proceeds of the series 1993A bonds are to be used to finance improvements
to the Airport and the proceeds of the series 1993B bonds are to be used to
i finance matching funds for a Federal Aviation Administration grant. The
1993A and 1993B series bonds are to be repaid from the general revenue of the
Authority.
The annual bond principal for all bonds outstanding as of December 31,
1994, are as follows:
Payable in General Leasehold
Year Ended Obligation Revenue Revenue Interest
December 31 Bonds Bonds Bonds Payments Total
1995 $ 135,000 $ 130,000 $ 40,000 $ 250,468* $ 555,468
1996 145,000 - 45,000 229,729 419,729
1997 155,000 - 50,000 216,772 421,772
1998 165,000 - 50,000 205,178 420,178
1999 180,000 - 55,000 193,055 428,055
Thereafter 2,205,000 - 500,000 1,079,015 3,784,015
Total $2,985,006 130,000 740,000 $2,174,217 6,029,217
*Interest on revenue bonds estimated at 6.8%
The annual bond interest for all bonds outstanding as of December 31, 1994, are as
follows:
Payable in
General
Year Ended
Obligation Revenue
December 31
Bonds Bonds
1995
$ 191,851 $ 8,840
1996
182,251 -
1997
171,995 -
1998
163,475 -
1999
154,503 -
Thereafter
927,040 -
Total $1,791,11S 8,840
---- - - - - -- ---- - - - - --
Leasehold
Revenue
Bonds
Total
Interest
Payment-3
$ 49,777
$ 250,468
47,478
229,729
44,777
216,772
41,703
205,178
38,552
193,OSC
151,975
1,079,O15
374,262
$2,174,2177
43
Activity in long term debt for 1994 was as follows:
Beginning Bonds
Building Revenue
Bonds
Series 1984
Building Revenue
Bonds
Series 1985
General Obligation
Economic
Development Bonds
Series 1990A
General Obligation
Economic
Development Bonds
Series 1990B
Leasehold Revenue Bonds
Series 1991.
General Obligation
Bonds
Series 1993A
General Obligation
Bonds
Series 1993B
Totals
$ 60,000 $ -
240,000 -
1,760,000 -
715,000 -
780,000 -
375,000 -
275,000 -
4,205,000
---- - - - - -- ---- - - - - --
Note 10. Interfund Assets /Liabilities
Due From /To Other Funds:
Receivable Fund Payable Fund
Principal Ending
Paid Balance
$ 60,000 $ -
110,00() 130,000
55,000 1,705,000
25,000 690,000
40,000 740,000
35,000 340,000
25,000 250,000
350,006 3,855,000
Amount
General Police Grants $ 5,010
General Traffic Safety Grant 62,516
Note 11. Fund Equity
A. The following reservations of fund balances and retained earnings are
used by the City.
Reserved for Encumbrances - Segregates a portion of fund balance for
expenditures upon vendor performance.
Reserved for Inventories - Identifies that the related assets do not
represent expendable available financial resources.
B. Residual equity transfer. During 1994, the City transferred unexpended
cash balances from the Construction Fund to the Bond & Int:erest Fund,
resulting in a residual equity transfer of $145,001.
44
Note 12. Segment Information -- Enterprise Funds
The government maintains four enterprise funds which are intended to be
self- supporting through user fees charged for services to the public. Financial
segment information as of and for the year ended December 31, 1994 is
presented below.
Note 13. Contributed Capital
Solid
Sanitation
Operating Revenues
$1,052,413
Depreciation Expense
36,930
Operating Income
53,105
Net Income (loss)
69,556
Current Capital Contributions
0
Property, Plant
51,902
and Equipment Additions
39,229
Net Working Capital
612,090
Total Assets
885,547
Bonds Payable
15,027
Revenue Bonds Payable
0
General obligation Bonds
0
and Temporary Notes payable 0
Total Equity
$ 802,757
Note 13. Contributed Capital
Solid
Golf
Water !:
Data
Waste
Course
Sewer
Total
$1,214,207
$ 606,952
$ 9,402,506
$12,276,078
133,266
51,902
1,472,211.
1,694,309
336,079
14,496
2,663,430
3,067,110
331,125
15,027
2,085,495
2,501,203
4,037
0
1,780,731.
1,784,768
1,526,457
104,038
6,003,410
7,673,134
539,282
65,910
8,017,803
9,235,085
4,531,400
466,461
70,948,990
76,832,398
0
0
36,725,000
36,725,000
2,506,660
59,970
0
2,566,630
$1,305,386
$ 379,495
$32,622,256
$35,109,894
During the year, contributed capital changed by the following amounts:
Water
Central
Solid
Data
Source and Sewer
Garage
Waste
Processing Total
Additions $1,780,731
$ 12,336
$ 4,037
$ 397,907 $2,195,011
Net Change $1,780,73T
12,336
4,037
__� 397,907 $2,195,011
Note 14. Contingent Liabilities
Amounts received or receivable from grantor agencies are subject to audit and
adjustment by grantor agencies, principally the federal government. Any
disallowed claims, including amounts already collected, may constitute a
liability of the applicable funds. The amount, if any, of expenditures which
may be disallowed by the grantor cannot be determined at this time although
the government expects such amounts, if any, to be immaterial.
45
Note 15. 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 $629,750 reported as landfill closure and postclosure care
liability at December 31, 1994, represents the cumulative amount reported to
date based on the use of 2.25 percent of the estimated capacity of the landfill,
plus $533,000 estimated closure costs for the original landfill which stopped
accepting waste in 1994. The City's Solid Waste Fund will recognize the
remaining estimated cost of closure and postclosure care of $4,203,250 as the
remaining estimated capacity is filled over the remaining life expectancy of 40
years. These amounts are based on what it would cost to perform all closure and
postclosure care in 1994. Actual cost may be higher due to inflation, changes
in technology, or changes is regulations. The City expects to budget the
amounts necessary to fund such future costs through the normal budgeting and
rate setting process.
During the current fiscal year the City adopted GASB Statement 18, which
requires accrual of such costs in each period that the landfill accepts solid
waste. Liability for the previous years' share of such costs is shown as a
prior period adjustment to the Solid Waste Fund reducing fund equity by
$482,250 as of January 1, 1994. The effect of adoption of the statement on
operations for the fiscal year ended December 31, 1994, was to reduce net
income of the Solid Waste Fund by $147,500.
Note 16. Defined Benefit Pension Plan
Substantially all employees of the City of Salina participate in the Kansas
Public Employees Retirement System ( "System ") , a cost sharing
multiple - employer public employee retirement system. A group of employees
participate in the Kansas Police and Firemen System (KP &F) , a separate
program administered by the System.
Following is a summary of covered payroll and contributions to the System for
the year ended December 31, 1994.
Contributions
Covered
Payroll Employer Employee Total
General Employees $5,808,060 $128,000 $248,943 $376,943
Police and Firemen 4,770,726 634,508 318,114 952,622
$10,578,786 $762,508 $567,057 $1,329,565
---- - - - - -- ---- - - - - -- ---- - - - - -- ----- - - - - --
---------- ---- - - - - -- ---- - - - - -- ----- - - - - --
46
The total payroll for the City of Salina was $12,004,596 for the year ended
December 31,1994 .
Substantially all employees of the City of Salina are eligible to participate in
the System after one year of employment. Employees who retire at or after
age 65 or age 62 with ten years service credit or at any age when years of
service plus age equal 85 "points" are entitled to a retirement benefit, payable
monthly for life, equal to 1 percent of their final average salary for each year
of "prior" service and 1.75 percent for each year of "participating" service.
Final average salary is the employee's average salary over the higher of four
years of credited service including add -ons such as accrued sick leave and
vacation leave or a three year average without add -ons. For those hired July
1, 1993 or later, final average salary is a three year average with. no add-ons.
Benefits fully vest on reaching ten years of service. Vested employees may
retire at age 55 and receive reduced retirement benefits. The system also
provides death and disability benefits. Benefits are established by the State
statute.
Covered employees are required by State statute to contribute four percent of
their salary to the plan. The employer is required by the same statute to
contribute the remaining amounts necessary to pay benefits when due. The
contribution requirement for the year ended December 31,1994 was $376,943,
which consisted of $128,000 from the employer and $248,943 from the
employees; these contributions represented 2.2 percent and four percent of
covered payroll respectively.
The contribution rate (seven percent for employees) and retirement benefits
for participants in KP &F are different from those described above for other
participants in the System. Normal retirement for KP &F participants is at age
50 with 25 years of service, age 55 with 20 years, and age 60 with 15 years.
Reduced benefits are available at age 50 with 20 years of service.
The "pension benefit obligation" is a standardized disclosure measure of the
present value of pension benefits, adjusted for the effects of projected salary
increases and step -rate benefits, estimated to be payable in the future as a
result of employee service to date. The measure, which is the actuarial present
value of credited projected benefits, is intended to help users, assess the
System's funding status on a going- concern basis, assess progress made in
accumulating sufficient assets to pay benefits when due, and make comparisons
among PERS and employers. The System does not make separate measurements
of assets and pension benefits obligation for individual employers. The pension
benefit obligation at June 30, 1994 for the System as a whole., determined
through an actuarial valuation performed as of that date, was $6.42 billion.
The System's net assets available for benefits on that date (valued at market)
were estimated to be $5.04 billion, leaving an unfunded pension obligation
estimated at $1.38 billion. The contribution of the city for the period covered
by this report represents slightly more than one percent of total contributions
required of all participating entities.
Ten -year historical trend information showing the plan's progress in
accumulating sufficient assets to pay benefits when due is presented in the
KPERS' June 30, 1994, comprehensive annual financial report.
47
Note 17. Deferred Compensation Plan
The City offers its employees a deferred compensation plan created in
accordance with Internal Revenue Code Section 457. The
plan, available
to all
City employees, permits them to defer a
portion of their salary until
future
years. The deferred compensation is
not available
to employees
until
termination, retirement, death, or
unforeseeable
emergency.
At
December 31, 1994, 67 current or former
employees were
participating in the
plan.
295,000
238,834
KSU Boundary Road
All amounts of compensation deferred under the plan, all property and rights
purchased with those amounts, and all income attributable to those amounts,
property, or rights are (until paid or made available to the employee or other
beneficiary) solely the property and rights of the City (without being
restricted to the provisions of benefits under the plan) , subject only to the
claims of the City's general creditors. Participants' rights under the plan are
equal to those of general creditors of the City in an amount equal to the fair
market value of the deferred account for each participant.
The City believes it is unlikely that it will use the assets to satisfy the
claims of general creditors in the future.
Note 18. Construction Fund Projects
The Construction Fund is used to account for the purchase or construction of
capital facilities, equipment and public improvements.
Construction fund projects cumulative expenditures through December 31, 1994
are compared to project authorizations as follows:
48
Project
Cumulative
Project Name
Authorization
Expenditures
Crawford Street Phase 11
$ 1,820,000
$ 1,730,673
Schilling Interchange
1,150,000
921,785
Crawford Street Phase III
2,940,000
960,223
Prescott Improvements
125,000
84,378
Holmquist /Austin
295,000
238,834
KSU Boundary Road
427,512
493,466
Traffic Signals
165,000
146,500
Golf Course Building
67,000
63,329
Austin /Mayfair
260,000
214,089
Tas ker /Laurie
715,000
'738,902
Subdivision I
1,516,000
1,110,792
Magnolia /1 -35 Interchange
3,500,000
427,024
Subdivision 11
522,920
475,671
Subdivision III
677,951
521,312
Centennial Road
0
102, 727
Centennial "S" Curve
0
49,905
48
A summary of the fund's
December 31, 1994 follows:
Cash balance resulting from:
Capital projects in process
Special Assessment projects
Total
unencumbered cash balance (deficit)
$(511,440)
(13,586)
(525,026)
at
General Funds are being used to temporarily finance the deficit cash balance
as of December 31, 1994 in accordance with K.S.A. 10- 1116(a) (2) .
Note 19. Compliance with Kansas Statutes
A summary of statutory compliance matters related to 1994 follows:
A. The assets pledged by Sunflower Bank to secure cash deposits of the
City were not sufficient to meet the requirements of K.S.A. 9 -1402 for
January 19, April 1, July 22 and August 1, 1994.
B. The cumulative expenditures of the following construction fund projects
exceeded the related project authorization during 1994 (See Nolte 18)
Tasker /Laurie Subdivision
KSU Boundary Road
Centennial Road
Centennial "S" Curve
C. According to the Kansas Attorney General's opinion 94 -14 dated February
7, 1994, the repurchase agreements held by the City in early 1994,
appeared to be in violation of Kansas Statutes (K. S . A . 12 -1675) , in that
the securities purchased were held in joint custody rather than held solely
by the City. As of June 1, 1994, all repurchase agreements were
terminated and monies were transferred to a secured money market
deposit account.
D. A $1,000,000 U.S. Treasury Note was purchased in October 1994 with a
maturity greater than 2 years, which appears to be in violation of K.S.A.
12 -1675.
There were no other statutory violations noted. The following; compliance
matters resulted in a determination of compliance with statutory provisions.
The deficit cash balances of the Police Grant and Traffic Safety Grant funds
are reimbursable from grants received through the State of Kansas.
Accordingly, such deficit fund balances are not a violation of the cash basis
law.
Note 20. Endowment Funds
Included in fund balance of the trust and agency funds is $127,697 of
endowment funds principal.
50
Note 21. Additional Financial Reporting Entity Disclosures
A. Component Units
The combining balance sheet for the City's component units, the Salina Airport
Authority and the Salina Housing Authority, is presented below:
Equity and other credits:
Investment in Fixed Assets
Contributed Capital
Retained Earnings:
Unreserved
Fund Balances:
Unreserved Fund Balance
Total Equity and
other credits
0 3,374,229
4,301,825 0
7,430,809 0
0 (1,463,863)
11,732,634
Total liabilities, equity and
other credits $17,107,479
*Includes investments of $109,967.
3,374,229
4,301,825
7,430,809
(1,463,863)
1,910,366 13,643,000
$ 3,726,549 $20,834,028
------ - - - - -- ----- - - - - --
Salina
Salina
Airport
Housing
Authority
Authority
Total
Assets and other debits:
Assets:
Cash and investments
$ 651,512
$ 238,998
$ 890,510
Accounts Receivable
482
106,594
107,076
Inventory and Prepaid Supplies
12,607
0
12,607
Notes Receivable
3,893
0
3,893
Restricted Cash
and Investments
1,469,707*
0
1,469,707
Fixed Assets
18,727,917
3,374,229
22,102,146
Accumulated Depreciation -
Fixed Assets
(6,259,527)
0
(6,259,527)
Financing Leases
2,408,665
0
2,408,665
Deferred Issuance Costs
92,223
6,728
98,951
Total Assets
17,107,479
------ - - - - --
3,726,549
------ - - - - --
20,834,028
------ - - - - --
------------
Liabilities, equity and other credits:
------ - - - - --
------ - - - - --
Liabilities:
Accounts Payable
65,224
105,917
171,141
Deferred Compensation
Benefits Payable
49,967
0
49,967
Deferred Revenue
78,634
949
79,583
Payable from Restricted Assets:
Salina - KSU sales tax
liability
1,244,740
0
1,244,740
Accrued Interest Payable
81,280
0
81,280
Revenue Bonds Payable
-
Current
305,000
0
305,000
Temporary Notes Payable
0
1,709,317
1,709,317
Revenue Bonds Payable
3,550,000
0
3,550,000
Total Liabilities
5,374,845
1,816,183
7,191, 028
Equity and other credits:
Investment in Fixed Assets
Contributed Capital
Retained Earnings:
Unreserved
Fund Balances:
Unreserved Fund Balance
Total Equity and
other credits
0 3,374,229
4,301,825 0
7,430,809 0
0 (1,463,863)
11,732,634
Total liabilities, equity and
other credits $17,107,479
*Includes investments of $109,967.
3,374,229
4,301,825
7,430,809
(1,463,863)
1,910,366 13,643,000
$ 3,726,549 $20,834,028
------ - - - - -- ----- - - - - --
I ) There are no significant differences in authorized investment types
between the primary government and its discretely presented
component units. Investments of component units were not
significant at December 31, 1994.
2) Long Term Debt
a. Salina Airport Authority. Kansas statue provide that the bonds
and other obligations and liabilities of the Authority are not
debts or liabilities of the City.
b. Salina Housing Authority. Notes payable are to HUD and the
Federal Finance Bank and all principal and interest payments on
such notes are to be made by HUD under subsidy
arrangements.
3) Both component units are exempt from the Kansas budget laws.
4) There were no interfund transactions between the primary
government and the Salina Housing Authority during their respective
fiscal years.
5) Employees of the component units participate in the Kansas Public
Employees Retirement System, which is discussed in Note 16. All
contribution requirements were met by the component units and their
employees.
B. Joint Ventures. The City
of Salina also participates with other local
primary governments in two
joint ventures. The Salina - Saline County
Board of Health was organized by the City of Salina and Saline County to
promote public health. The
Salina County -City Building Authority was
organized by Salina County,
the City of Salina and Salina Unified School
District #305 to acquire,
operate and maintain facilities for the
administrative offices of the
three primary governments. The primary
governments each have an ongoing financial responsibility for the joint
ventures. Separate financial
statements are available from the governing
board of each joint venture.
The following summarizes the
total fund equity and the City's contribution
to the operations of each of the joint ventures.
Building
Board of Health Authority
Total Fund Balance, December
31, 1994 $ 563,168 $ 145,809
Year 1994
Total Revenues
$2,456,317 $ 534,080
Revenues from City of Salina $ 360,881 $ 131,064
C. Related Organization. The
Mayor of the City of Salina appoints the
governing board of the Salina
Public Library, but the primary government
has no financial accountability
for the Library, which has its own tax
levying authority.
51
Note 22. Environmental Matter
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 pro- active 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. The City believes that the amount of future
environmental expenditures related to the Site from the water utility is not
presently determinable due to scarcity of reliable data pertaining to the
identified site, changes in laws and regulations and their application, and the
lengthy time period over which site remediation is expected to occur.
Note 23. Subsequent Event
The City issued $2,434,000 of General Obligation Improvement Bonds. Series
1.995 A, dated May 1, 1995, with interest rates from 4.75% to 5.35`,,. Proceeds
from the sale of the bonds will be used to provide permanent financing for
certain improvement projects undertaken within newly developing subdivisions in
the City, and improvements to the City's sanitary landfill facilities.
52
GENERAL FUND
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.
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City of Salina
Comparative Balance Sheets
General Fund
December 31, 1994 and 1993
'.TOTALS
L994 1993
Assets
Cash and Investments
$5,338,558
$3,667,867
Accounts Receivable
424,211
318,017
Taxes Receivable
9859014
1,499,318
Prepaid Supplies
58,522
849565
Interfund Receivable
67,526
26,800
Total assets
6987_S,831
5,596,567
Liabilities and Fund Balances
Liabilities:
Accounts Payable
211,227
71,674
Retainage Payable
5,950
6,824
Deferred Revenue
4349151
948,596
Total Liabilities
6519328
1,027,094
Fund Balances:
Reserved for encumbrances
881,232
265,863
Reserved for inventory
58,522
84,565
Unreserved fund balance
59282,749
4,219,045
Total fund balances
6,222,503
4,569,473
Total liabilities and fund balances
$6,873,831
$5,596,567
53
Revenue:
Taxes
Intergovernmental
Charges for Services
Fines
Interest
Reimbursements
Miscellaneous
Total Revenues
Expenditures:
General Government
Public Safety
Public Works
Recreation
Cultural
Community Development
Health and Welfare
Capital Outlay
Other
Total Expenditures
Revenue over (under) expenditures
Other Financing Sources (Uses):
Proceeds from lease
Operating Transfers in
Operating Transfers out
Total Other Financing Sources (Uses)
Revenues and other financing
sources over (under) expenditures
and other financing uses
Fund Balances, January 1
Fund Balances, December 31
54
City of Salina
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balances
General Fund
Year Ended December 31, 1994 and 1993
15,303,999 13,911,100
1,068,758
TOTALS
6,425,378
5,666,750
1994
1993
$10,493,370
$ 9,992,064
1,126,272
1,069,022
1,462,955
1,301,474
1,019,966
574,513
543,696
441,066
37,854
29,959
619,886
503,002
15,303,999 13,911,100
1,068,758
1,425,852
6,425,378
5,666,750
1,123,640
1,132,607
1,721,024
1,600,093
379,777
346,677
131,803
128,898
440,609
78,317
1,658,788
631,062
512,132
700,392
13,461,909
11,710,648
1,842,090 2,200,452
389,355 0
97,579 107,643
(675,994) (635,335)
(189,060) (527,1392)
1,653,030 1,672,760
4,569,473 2,896,713
$ 69222,503 $ 4,569,473
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55
City of Salina
Page 1 of 2
General
Fund
Schedule
of Receipts,
Expenditures and
Changes in Unencumbered
Cash
Budget
and Actual -
Budgetary Basis
For the
year ended December
31, 1994
Budget
Actual
Variance
Receipts:
Taxes - Property
$ 887,010
$ 966,926
$ 79,916
Taxes - Sales
6,600,000
7,761,286
1,161,286
Taxes - Franchise
1,549,000
1,756,528
207,528
Intergovernmental
1,118,043
1,127,228
9,185
Charges for Services
1,245,200
1,470,382
225,182
Fines
424,000
1,004,603
580,603
Interest
350,000
452,972
102,972
Reimbursements
35,000
37,853
2,853
Miscellaneous
48,500
189,599
141,099
Transfers in
557,537
527,866
(29,671)
Total Receipts
12,814,290
15,295,243
2,480,953
Expenditures:
City Commission
96,300
67,543
28,757
City Manager
204,096
201,055
3,041
Legal
85,800
92,233
(6,433)
Finance
306,601
281,240
25,361
Personnel
92,280
88,254
4,026
Buildings
228,512
230,131
(1,619)
Human Relations
109,510
107,526
1,984
Police
2,619,493
2,620,466
(973)
Municipal Court
170,868
628,524
(4157,656)
Parking Meters
37,120
27,062
10,058
Fire
2,874,946
2,973,004
(98,058)
Permits and Inspection
172,937
187,459
(14,522)
Engineering
175,503
178,118
(2,615)
Streets
745,010
729,758
15,252
Flood Works
90,887
79,099
11,788
Traffic Control
145,096
114,984
30,112
Parks
680,116
670,802
9,314
Swimming Pools
64,000
67,272
(3,272)
Neighborhood Centers
65,503
69,084
(3,581)
Recreation
866,637
913,765
(47,128)
Arts and Humanities
163,099
169,998
(6,899)
Smoky Hill Museum
187,009
209,779
(22,770)
Planning
133,266
131,702
1,564
Cemetery
81,763
79,728
2,035
Health
345,207
360,881
(15,674)
Contingency
281,292
422,652
(1.41,360)
Capital Outlay
735,700
1,842,342
(1,1.06,642)
Transfers out
765,784
794,287
(28,503)
Cash Reserve
2,354,011
0
2,354,011
Total expenditures
14,878,346
14,338,748
539,598
55
City of Salina Page 2 of 2
General Fund
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Budget Actual Variance
Receipts over
(under) expenditures (2,064,056) 956,495 3,020,551
Unencumbered Cash, January 1
Unencumbered Cash,
December 31
2,064,056 3,357,127
$ 0 $ 4,313,622
1,293,071
$ 4,313,622
56
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SPECIAL REVENUE FUNDS
Special revenue funds are used to account for specific revenues that are legally
restricted to expenditure for particular purposes.
Employee Benefit:
This fund is used to account for the costs of various benefits provided to
governmental employees.
Utility:
This fund is used to account for the electric, gas, water and telephone costs
of the City's operations except for those utility costs which are directly
chargeable to Enterprise and Internal service funds.
Special Liability:
This fund is used to provide for liability and worker's compensation insurance
costs for employees.
Business Improvement District:
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.
Tourism and Convention:
This fund is used to account for transient guest tax revenues and are
specifically restricted to promotion and tourism activities.
Special Parks:
This fund is used to account for liquor tax revenues which must be used for
park maintenance and improvements.
Special Alcohol:
This fund is used to account for liquor tax revenues which must be used for
programs which address prevention, education or intervention in drug and
alcohol abuse.
Special Gas:
This fund is used 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:
This fund is used to account for the activities at the City's convention
center.
57
Bicentennial Center Event:
This fund is used to account for the revenues and expenses associated with
special events (concerts, shows, etc.) which occur at the Bicentennial Center.
HUD Community Development:
This fund is used to account for grants received from the state which must be
used for housing or economic development purposes.
Heritage Commission:
This fund is used to account for revenues and expenses associated with
heritage preservation activities.
Fair Housing:
This fund is used to account for grants received from the federal government
which must be used to monitor and mediate fair housing complaints.
Law Enforcement:
This fund is used to account for revenues received from the sale of forfeited
assets acquired during drug enforcement activities. Expenses are restricted
to capital items to be used for further drug enforcement activities.
Police Grants:
This fund is used to account for revenues received from grants which are
restricted to special police activities such as D.A.R.E.
Traffic safety Grant:
This fund is used to account for revenues received from grants which are
specifically restricted to traffic enforcement.
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Assets
Cash and Investments
Accounts Receivable
Taxes Receivable
Total assets
Liabilities and Fund Balances
Liabilities:
Accounts Payable
Retainage Payable
Deferred Revenue
Interfund Payable
Total Liabilities
Fund Balances:
Reserved for encumbrances
Unreserved fund balance
Total fund balances
Total liabilities and
fund balances
*01
City of Salina
Combining Balance Sheet
Special Revenue Funds
December 31, 1994
(With comparative totals for December 31, 1993)
BUSINESS
EMPLOYEE SPECIAL IMPROVEMENT
BENEFIT UTILITY LIABILITY DISTRICT
TOURISM
AND SPECIAL
CONVENTION PARKS
Page 1 of 3
SPECIAL SPECIAL
ALCOHOL GAS
$ 810,498 $
295,513 $
52,139 $
3,570
$ 26,829 $
0 $
0 $ 574,004
0
0
0
11,398
0
1)
0 0
2,177,092
640,369
353,294
0
149,005
0
0 321,829
2,987,590
935,882
405,433
14,968
175,834
()
0 895,833
275
59,402
0
0
0
0
0
299453
0
0
0
0
0
0
0
0
2,177,092
640,369
353,294
9,318
0
0
0
0
0
0
0
0
0
0
0
0
2,177,367
699,771
353,294
9,318
0
CI
0
299453
0
0
0
0
0
0
0
137,307
810,223
236,111
52,139
5,650
175,834
0
0
729,073
810,223
236,111
52,139
5,650
175,834
C1
0
866,380
$ 2,987,590 $
9359882 $
405,433 $
14,968
$ 175,834 $
Cl $
0
$ 895,833
City of Salina
Combining Balance Sheet
Special Revenue Funds
December 31, 1994
(With comparative totals for December 31, 1993)
Page 2 of 3
.1
BI-
BI-
CENTENNIAL
HUD
CENTENNIAL
CENTER
COMMUNITY
HERITAGE
FAIR
LAk'
POLICE
CENTER
EVENT DEVELOPMENT
COMMISSION
HOUSING
ENFORCEMENT
GRANTS
Assets
Cash and Investments
$ 296,234
$ 92,180 $
62,583
$ 2,058
$ 21,421
$ 42,813 $
0
Accounts Receivable
65,357
0
24,876
0
0
0
12,909
Taxes Receivable
0
0
0
0
0
0
0
Total Assets
361,591
92,180
87,459
2,058
21,421
42,813
129909
Liabilities and Fund Balances
Liabilities:
Accounts Payable
109213
0
0
0
0
0
0
Retainage Payable
0
0
0
0
0
0
0
Deferred Revenue
0
0
0
0
0
0
0
Interfund Payable
0
0
0
0
0
0
59010
Total Liabilities
10,213
0
0
0
0
0
5,010
Fund Balances:
Reserved for encumbrances
0
0
0
0
0
0
0
Unreserved fund balance
351,378
92,180
87,459
2,058
21,421
42,813
7,899
Total fund balances
351,378
92,180
87,459
2,058
21,421
42,813
7,899
Total liabilities and
fund balances
$ 361,591
$ 92,180 $
87,459
$ 2,058
$ 21,421
$ 42„813 $
12,909
.1
City of Salina
Combining Balance Sheet
Special Revenue Funds
December 31, 1994
(With comparative totals for December 31, 1993)
61
Page 3 of 3
TRAFFIC
TOTALS
SAFETY
GRANT
1994
:1993
Assets
-
Cash and Investments
$ 0
$2,279,842
$1,870,246
Accounts Receivable
65,726
180,266
161,991
Taxes Receivable
0
3,641,589
3,509,521
Total Assets
65,726
6,101,697
5,541,758
Liabilities and Fund Balances
Liabilities:
Accounts Payable
210
99,553
85,315
Retainage Payable
0
0
17,092
Deferred Revenue
0
3,1809073
3,073,777
Interfund Payable
62,516
67,526
26,800
Total Liabilities
62,726
3,347,152
3,202,984
Fund Balances:
Reserved for encumbrances
0
137,307
101,236
Unreserved fund balance
3,000
2,617,238
2,237,538
Total fund balances
3,000
2,754,545
2,338,774
Total liabilities and fund balances
$ 65,726
$6,101,697
$5,541,758
61
Page 3 of 3
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62
City
of Salina
Combining Statement
of Revenue, Expenditures
and Changes
in Fund Balances
Special
Revenue Funds
Year Ended December 31, 1994
(With comparative totals for December
31, 1993)
Page 1 of 3
BUSINESS
TOURISM
EMPLOYEE
SPECIAL
IMPROVEMENT
AND
SPECIAL
SPECIAL
SPECIAL
BENEFIT
UTILITY
LIABILITY
DISTRICT
CONVENTION
PARKS
ALCOHOL
GAS
Revenues
-
Taxes $
2,418,291 $
904,840 $
386,581
$ 0 $
562,446 $
0
$ 0
$ 0
Intergovernmental
175,000 -
0
0
0
0
80,579
80,579
1,247,420
Charges for Services
0
0
0
0
0
0
Fines
0
0
0
150
0
0
0
0
0
0
Special Assessments
0
0
0
75,012
0
0
0
Interest
0
0
0
0
0
0
0
0
Reimbursements
0
0
0
0
0
0
0
Miscellaneous
149,445
1,861
0
0
0
0
0
0
0
550
Total Revenues
2,742,736
906,701
386,581
75,162
562,446
80,5751
80,579
1,247,970
Expenditures:
-
General Government
0
0
0
0
0
CI
0
Public Works
0
0
0
0
0
CI
0
0
209,337
Public Safety
0
0
0
0
0
0
0
0
Community Development
0
0
0
0
0
0
0
Health and Welfare
0
0
0
0
0
C
84,417
0
0
Bicentennial Center
0
0
0
0
0
C
0
Capital Outlay
0
0
0
0
0
C
0
p
846,730
Other
2,472,103
792,286
360,806
60,459
336,200
0
0
0
Total Expenditures
2,472,103
792,286
360,806
60,459
336,200
0
84,417
1,056,067
Revenues over (under)
expenditures
270,633
114,415
25,775
14,703
226,246
80,579
(3,838)
191,903
Other Financing Sources (Uses):
-
Operating Transfers in
0
0
0
0
0
0
Operating Transfers Out
0
0
0
(17,000)
(224,133)
(80,579)
0
0
0
(225,000)
Total Other Financing
-
Sources (Uses)
0
0
0
(17,000)
(224,133)
(80,579)
0
(225,000)
Revenues and other financing
-
sources over (under) expenditures
and other financing uses
270,633
114,415
25,775
(2,297)
2,113
0
(3,838)
(33,097)
Fund Balances, January 1
539,590
121,696
26,364
7,947
173,721
0
3,838
899,477
Fund Balances, December 31 $
810,223 $
236,111 $
52,139
$ 5,650 $
175,834 $
0 $
0
$ 866,380
62
Expenditures:
General Government
0
0
City
of Salina
567
0
0
Public Works
0
Combining Statement
of Revenues, Expenditures
0
0
0
0
Public Safety
and Changes
in Fund Balances
0
0
0
8,918
173,057
Community Development
Special
Revenue Funds
309,504
0
0
0
0
Health and Welfare
Year Ended December 31, 1994
0
0
0
0
0
(With comparative totals for December
31, 1993)
848,036
872,473
0
0
0
0
0
Capital Outlay
187,997
Page 2 of 3
0
0
BI-
0
0
Other
0
0
0
BI-
CENTENNIAL
HUD
0
Total Expenditures
SPECL?L
872,473
309,504
CENTENNIAL
CENTER
COMMUNITY
HERITAGE
FAIR
LAW
POLICE
CENTER
EVENT
DEVELOPMENT
COMMISSION
HOUSING
ENFORCEMENT
GRANTS
Revenues:
144
(567)
33,685
(112,417)
Other Financing Sources (Uses):
-
Taxes
$ 0
$ 0
$ 0
$ 0
$ 0
$ 0
$ 0
Intergovernmental
0
0
268,116
0
0
37,603
56,473
Charges for Services
705,262
921,434
0
0
0
0
0
Fines
0
0
0
0
0
0
0
Special Assessments
0
0
0
0
0
0
0
Interest
0
0
3,588
0
0
0
0
Reimbursements
0
0
4,866
0
0
0
4,167
Miscellaneous
0
0
0
144
0
5,000
0
Total Revenues
705,262
921,434
276,570
144
0
42,603
60,640
Expenditures:
General Government
0
0
0
0
567
0
0
Public Works
0
0
0
0
0
0
0
Public Safety
0
0
0
0
0
8,918
173,057
Community Development
0
0
309,504
0
0
0
0
Health and Welfare
0
0
0
0
0
0
0
Bicentennial Center
848,036
872,473
0
0
0
0
0
Capital Outlay
187,997
0
0
0
0
0
0
Other
0
0
0
0
0
0
0
Total Expenditures
1,036,033
872,473
309,504
0
567
8,918
173,057
Revenues over (under)
expenditures
(330,771)
48,961
(32,934)
144
(567)
33,685
(112,417)
Other Financing Sources (Uses):
-
Operating Transfers in
334,133
0
0
0
0
0
98,833
Operating Transfers Out
0
0
0
0
0
0
0
Total Other Financing
-
Sources (Uses)
334,133
0
0
0
0
0
98,833
Revenues and other financing
-
sources over (under) expenditures
and other financing uses
3,362
48,961
(32,934)
144
(567)
33,685
(13,584)
Fund Balances, January 1
348,016
43,219
120,393
1,914
21,988
9,128
21,483
Fund Balances, December 31 $
351,378
$ 92,180 $
87,459 $
2,058
$ 21,421 $
42,613 $
7,899
63
City of Salina
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Special Revenue Funds
Year Ended December 31, 1994
(With comparative totals for December 31, 1993)
TRAFFIC TOTALS
SAFETY
GRANT 1994 1993
Revenues:
Taxes
$ 0
$ 4,272,158
$ 4,013,378
Intergovernmental
233,773
2,179,543
1,700,806
Charges for Services
0
1,626,696
1,872,970
Fines
0
150
445
Special Assessments
0
75,012
66,637
Interest
0
3,588
2,249
Reimbursements
0
97033
26,009
Miscellaneous
0
157,000
238,481
Total Revenues
233,773
8,323,180
7,920,975
Expenditures:
General Government
0
567
1,145
Public Works
0
209,337
254,107
Public Safety
128,000
309,975
167,903
Community Development
0
309,504
46,356
Health and Welfare
0
84,417
94,805
Bicentennial Center
0
1,720,509
1,968,806
Capital Outlay
102,773
1,137,500
927,096
Other
0
4,021,854
3,847,084
Total Expenditures
230,773
7,793,663
7,307,302
Revenues over (under)
expenditures
3,000
529,517
613,673
Other Financing Sources (Uses):
Operating Transfers in
0
432,966
325,,000
Operating Transfers Out
0
(546,712)
(512.,642)
Total Other Financing
Sources (Uses)
0
(1137746)
(187.,642)
Revenues and other financing
sources over (under) expenditures
and other financing uses
3,000
415,771
4261,031
Fund Balances, January 1
0
2,338,774
1,9121,743
Fund Balances, December 31
$ 3,000
$ 2,754,545
$ 2,3381774
64
Page 3 of 3
City of Salina
Employee Benefit
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Budget Actual Variance
Receipts:
Taxes - Property
Intergovernmental
Miscellaneous
Total receipts
Expenditures:
Earned Leave
Unemployment
Social Security
Life Insurance
Kansas Police and
Fire Retirement
Kansas Public Employees
Retirement
Health Insurance
Wellness
Transfers out
Cash Reserves
Total Expenditures
Receipts over
(under) Expenditures
Unencumbered Cash, January 1
Unencumbered Cash,
December 31
$ 2,277,967
$ 2,418,291
$ 140,324
175,000
175,000
0
0
149,445
149,445
2,452,967
2,742,736
289,769
40,000
22,770
17,230
32,320
29,997
2,323
374,860
359,621
15,239
47,360
48,363
(1,003)
595,900
612,015
(16,115)
85,000
78,634
6,366
1,125,200
962,284
162,916
0
20,128
(20,128)
340,000
338,291
1,709
220,000
0
:220,000
2,860,640
2,472,103
388,537
(407,673)
270,633
(578,306
407,673
539,590
131,917
$ 0
$ 810,223
$ 810,223
65
City of Salina
Utility
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Budget Actual Variance
Receipts:
Taxes - Property
Miscellaneous
Total receipts
Expenditures:
Gas Service
Street Lighting
Water Service
Light and Power
Traffic Control
Cash Reserves
Total expenditures
Receipts over
(under) expenditures
Unencumbered Cash, January 1
Unencumbered Cash,
December 31
M.
$ 859,815
$ 904,840
$ 45,025
0
1,861
1,861
859,815
906,701
46,886
78,000
71,105
6,895
290,000
276,349
13,651
95,000
119,692
(24,692)
310,000
284,677
25,323
41,000
40,463
537
100,000
0
100,000
914,000
792,286
.121,714
(54,185)
114,415
168,600
54,185
121,696
67,511
$ 0
$ 236,111
$ 236,111
City of Salina
Special Liability
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Budget Actual
Receipts:
Taxes - Property $ 363 761
Total receipts
363,761
Expenditures:
Transfers Out
360,806
Cash Reserves
25,000
Total expenditures
385,806
Receipts over
(under)expenditures
(22,045)
Unencumbered Cash, January 1
22,045
Unencumbered Cash,
December 31
$ 0
360,806
0
360,806
25,775
9.6.364
Variance
$ 22,820
22,820
0
25,000
25,000
47,820
4.319
bp J4 ,L07 DL,137
67
City of Salina
Business Improvement Dist.
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Budget Actual Variance
Receipts:
Fines $ 0 $ 150 $ 150
Special Assessments 75,000 80,107 5,107
Total receipts 75,000 80,257 --�
Expenditures:
Contractual 60,459
Transfers Out 17,000
Total expenditures ---T7—,4S'T-
Receipts over
(under) expenditures (2,459)
Unencumbered Cash, January 1 2,459
Unencumbered Cash,
December 31 $ 0
.:
60,459
17,000
7 7, 4S'T-
2,798
771
0
0
5,257
(1,688)
$ 3,569 $ 3,569
City of Salina
Tourism and Convention
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Budget Actual Variance
Receipts:
Taxes - Transient Guest $ 519,160 $ 545,989 $ 26,829
Total receipts 519,160 egg- — g
Expenditures:
Contractual
Transfers out
Total expenditures
Receipts over
(under) expenditures
Unencumbered Cash, January 1
Unencumbered Cash,
December 31
336,200
224,133
--TUU-1333-
(41,173)
41,173
336,200
224,133
5 6 (), 333-
(14,344)
41,173
$ 0 $ 26,829
0
0
26,829
0
$ 26,829
.•
City of Salina
Special Parks
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Budget Actual Variance
Receipts:
Intergovernmental $ 84,701 $ 80,579 $ (4,122)
Total receipts 84,701 Wig- --�
Expenditures: -
Transfers Out 86,937 80,579 6,358
Total Expenditures — $b'3.37 —SO, = --z-1 =
Receipts over
(under) expenditures (2,236) 0 2,236
Unencumbered Cash, January 1 2,236 0 (2,236)
Unencumbered Cash, —
December 31 $ 0 $ 0 $ 0
70
71
City of Salina
Special Alcohol
Schedule
of
Receipts, Expenditures and
Changes
in Unencumbered Cash
Budget
and
Actual - Budgetary Basis
For the
year
ended December 31, 1994
Budget Actual
'Variance
Receipts:
Intergovernmental
$
84,701 $ 80,579
$ (4,122)
Total receipts
84,701 so
IMT
Expenditures:
Contractual
86,938 84,417
2,521
Total expenditures
X38
-- �
Receipts over
(under) expenditures
(2,237) (3,838)
(1,601)
Unencumbered Cash, January 1
2,237 3,838
1,601
Unencumbered Cash,
—
December 31
$
0 $ 0
$ 0
71
City of Salina
Special Gas Tax
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Budget Actual Variance
Receipts:
Intergovernmental $ 1,175,000 $ 1,239,675 $ 64,675
Miscellaneous 0 550 550
Total receipts , , OOU- 5- -
Expenditures:
Personal Services
Supplies
Other Services
Capital Outlay
Transfers Out
Cash Reserve
Total expenditures
Receipts over
(under) expenditures
Unencumbered Cash, January 1
Unencumbered Cash,
December 31
VA
115,912
133,490
28,500
708,600
225,000
319,666
(356,168)
356,168
99,185
97,531
966
938,414
225,000
0
(120,871)
528,114
$ 0 $ 407,243
16,727
35,959
27,534
(229,814)
0
319,666
—ITO -1=
235,297
171,946
$ 407,243
City of Salina
Bicentennial Center
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Budget Actual Variance
Receipts:
Charges for Services
$ 610,000
Transfers In
300,000
Total receipts
910,00'g—
Expenditures:
Personal Services
485,567
Supplies
52,200
Contractual
2,000
Other Services and Charges
299,000
Capital Outlay
111,000
Cash Reserve
207,913
Total expenditures
I7157-1z=
Receipts over
(under) expenditures
(247,680)
Unencumbered Cash, January 1
247,680
Unencumbered Cash,
December 31
$ 0
$ 692,552
334,133
I, U26,685
469,069
46,330
707
331,930
161,131
0
I, 0 0 9, Ib
17,518
268,502
$ 82,552
34,133
16,498
5,870
1,293
(32,930)
(50,131)
207,913
265,198
20,822
$ 286,020 $ 286,020
73
City of Salina
Bicentennial Center Event
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budgetary Basis
For the year ended December 31, 1994
Receipts:
Charges for Services $ 921,434
Total receipts ——
Expenditures:
Supplies 872,473
Total expenditures —�
Receipts over —
(under) expenditures 48,961
Unencumbered Cash, January 1 43,219
Unencumbered Cash, December 31 $ 92,180
74
City of Salina
HUD Community Development
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budgetary Basis
For the year ended December 31, 1994
Receipts:
Intergovernmental $ 255,000
Interest 572
Miscellaneous 9,217
Transfers in 9,639
Total receipts
274,428
Expenditures:
Personal Services
30,303
Supplies
378
Contractual
269,174
Transfers out
48,116
Total expenditures
_I4 7,-771
Receipts over
(under) expenditures
(73,543)
Unencumbered Cash, January 1
56,060
Unencumbered Cash, December 31
75
City of Salina
Community Development Revolving
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budgetary Basis
For the year ended December 31, 1994
Receipts:
Interest
Miscellaneous $ 3,017
6,342
Transfers in 48,116
Total receipts 57,475
Expenditures:
Contractual 10,661
Transfers out 865
Total expenditures 11,526
Receipts over
(under) expenditures 45,949
Unencumbered Cash, January 1 34,118
Unencumbered Cash, December 31 80,067
76
City of Salina
Heritage Commission
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budgetary Basis
For the year ended December 31, 1994
Receipts:
Miscellaneous $ 144
Total Receipts
Expenditures:
Total expenditures 0
Unencumbered Cash, January 1 --I—Im
Unencumbered Cash, December 31 $ 2,058
77
City of Salina
Fair Housing
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budgetary Basis
For the year ended December 31, 1994
Expenditures:
Contractual 254
Supplies 313
Total expenditures
Unencumbered Cash, January 1 21,988
Unencumbered Cash, December 31 $—
rO
City of Salina
Special Law Enforcement
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budgetary Basis
For the year ended December 31, 1994
Receipts:
Miscellaneous $ 5,000
Intergovernmental 37,603
Total receipts --3
Expenditures:
Other Services 8,918
Total expendituresg
Receipts over
(under) expenditures 33,685
Unencumbered Cash, January 1 9,128
Unencumbered Cash,
December 31 $ 42,813
79
City of Salina
Police Grants
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budgetary Basis
For the year ended December 31, 1994
Receipts:
Intergovernmental $ 81,780
Miscellaneous 4,167
Transfers in 98,833
Total receipts [gg�-
Expenditures:
Personal Services 141,675
Supplies 4,395
Other services 26,987
Total expenditures
Receipts over
(under) expenditures 11,723
Unencumbered Cash, January 1 (16,733)
Unencumbered Cash, December 31 $ (5,010)
:1
City of Salina
Traffic Safety Grant
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budgetary Basis
For the year ended December 31,1994
Receipts:
Intergovernmental $ 190,894
Total receipts —--�
Expenditures:
Personal services 96,279
Supplies 18,716
Contractual 879
Other services 9,323
Capital outlay 102,772
Transfers out 2,803
Total expenditures
Receipts over '
(under) expenditures (39,878)
Unencumbered Cash, January 1 (22,847)
Unencumbered Cash, December 31 T—T
iI
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DEBT SERVICE FUND
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.
EM
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City of Salina
Comparative Balance Sheets
Debt Service Fund
December 31, 1994 and 1993
Fund Balances:
Unreserved fund balance 797,083 539,887
Total fund balances 797,083 539,887
Total liabilities and fund balances $ 5,971,016 $ 4,3439877
M
TOTALS
1994
1993
Assets:
Cash and Investments
$ 797,083 $
539,887
Taxes Receivable
1,880,913
1,114,674
Special Assessments Receivable
3,293,020
2,689,316
Total assets
5,971,016
4,343,877
Liabilities and Fund Balances
Liabilities:
Deferred Revenue
5,173,933
3,803,990
Total Liabilities
5,173,933
3,803,990
Fund Balances:
Unreserved fund balance 797,083 539,887
Total fund balances 797,083 539,887
Total liabilities and fund balances $ 5,971,016 $ 4,3439877
M
City of Salina
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balances
Debt Service Fund
Years Ended December 31, 1994 and 1993
TOTALS
1994 1993
Revenue:
Taxes $ 1,388 „376 $ 1,474,117
Special Assessments 793 1,190 873,850
Interest 1 1371 1,538
Miscellaneous 9,916 29,750
Total Revenues 2,192,853 2,379,255
Expenditures:
Debt Service:
Principal 2,163,130 2,165,000
Interest and fiscal charges 609,689 737,019
Total Expenditures 2,772,819 2,902,019
Revenue over (under) expenditures (579,966) (522,764)
Other Financing Sources (Uses):
Operating Transfers in 692,161 715,334
Total Other Financing Sources (Uses) 692,161 715,334
Revenues and other financing
sources over (under) expenditures
and other financing uses 112,195 192,570
Fund Balances, January 1 539,1387 335,915
Residual Equity Transfers in 145,001 112402
Fund Balances, December 31 $ 797,083 $ 539,887
:A
City of Salina
Bond and Interest Fund
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Budget Actual Variance
Receipts:
Taxes
Special Assessments
Accrued Interest on Bonds
Miscellaneous
Transfers in
Total receipts
Expenditures:
Principal
Interest
Commission and Postage
Other Services
Cash Reserve
Total expenditures
Receipts over
(under) expenditures
Unencumbered Cash, January 1
Unencumbered Cash,
December 31
w
$ 1,304,590
$ 1,388,376
$ 83,786
610,000
793,190
183,190
0
1,371
1,371
30,000
9,916
(20,084)
692,161
837,162
145,001
3�
—T7UT6, 6��
51,870
2,215,000
2,163,130
630,750
608,410
22,340
1,500
771
729
0
508
(508)
150,000
0
.150,000
2,997,250
2,772,819
(360,499)
257,196
(517,695
360,499
539,887
179,388
$ 0
$ 797,083
$ 797,083
CAPITAL PROJECT FUNDS
Capital projects funds, are used to account for the acquisition and construction of
major capital facilities other than those financed by proprietary funds and trust
funds.
Construction Fund:
This fund is used to account for the construction of subdivision
improvements and projects identified within the city's five year capital
budget. Grants, bonds, temporary notes and property owner payments
comprise the majority of revenues.
..,
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City of Salina
Combining Balance Sheet
Capital Project Funds
December 31, 1994
(With comparative totals for December 31, 1993)
TOTALS
CONSTRUCTION
1994
15193
Assets:
Cash and Investments
$ 322,454
$ 322,454 $
60,992
Accounts Receivable
0
0
277,685
Total assets
322,454
322,454
338,677
Liabilities and Fund Balances
Liabilities:
Accounts Payable
28,738
28,738
0
Retainage Payable
15,316
15,316
75,977
Total Liabilities
44,054
44,054
75,977
Fund Balances:
Reserved for encumbrances
803,426
803,426
254,343
Unreserved fund balance
(525,026)
(525,026)
8,357
Total fund balances
278,400
278,400
262,700
Total liabilities and fund balances
$ 322,454
$ 322,454 $
338,677
City of Salina
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Capital Project Funds
Year Ended December 31, 1994
(With comparative totals for December 31, 1993)
Revenues:
Intergovernmental
Interest
Reimbursements
Miscellaneous
Total Revenues
Expenditures:
Capital Outlay
Temporary Note payments
Total Expenditures
Revenues over (under) expenditures
Other Financing Sources (Uses):
Bond and Temporary Note Proceeds
Total other financing sources (uses)
Revenues and other financing sources
over (under) expenditures and other financing uses
Fund Balances, January 1
Residual Equity Transfers in (out)
Fund Balances, December 31
::
TOTALS
CONSTRUCTION 1994 1993
$ 50,730 $ 50,730 $ 76,981
16,325 16,325 13,959
132,802 132,802 259,796
0 0 103,508
199,857 199,857 454,244
2,201,156 2,201,156 1,464,594
1,028,000 1,028,000 810,000
3,229,156 3,229,156 2,274,594
(3,029,299) (39029,299) (1,820,350)
3,190,000 3,190,000 1,6489500
3,190,000 3,1909000 1,6489500
160,701 160,701 (171,850)
262,700 262,700 445,952
(145,001) (145,001) (11,402)
$ 278,400 $ 278,400 $ 262,700
City of Salina
Construction
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budgetary Basis
For the year ended December 31, 1994
Receipts:
Intergovernmental $ 128,136
Interest 16,325
Reimbursements 333,081
Other Financing 3,190,000
Total receipts --
Expenditures:
Capital Outlay 2,763,361
Temporary Notes 1,028,000
Transfers out .145,001
Total expenditures —3 T ?-
Receipts
over (under) expenditures
(268,820)
Unencumbered Cash,
January 1
(240,890)
Unencumbered Cash,
December 31
$ (509,710)
E.&7
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ENTERPRISE FUNDS
Enterprise funds are used to account for operations that are financed and
operated in a manner similar to private business enterprises where the intent of
the government's council is that the costs of providing goods or services to the
general public on a continuing basis be financed or recovered primarily through
user charges; or where the government's council has decided that periodic
determination of net income is appropriate for accountability purposes.
Sanitation:
This fund is used to account for the operations of the City's refuse service.
Solid Waste:
This fund is used to account for the activities of the City's landfill.
Golf Course:
This fund is used to account for the operations of the municipal golf course.
Water & Sewer:
This fund is used to account for the activities of the City's water and sewer
operations.
.l
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Assets:
Cash and Investments
Accounts Receivable
Due From Other Funds
Inventory and Prepaid Supplies
Restricted Cash and Investments
Fixed Assets
Accumulated Depreciation
Deferred Issuance Costs
Total assets
Liabilities and Fund equity
Liabilities:
Accounts Payable
Accrued Compensated Absences
Due to Other Funds
Meter Deposits Payable
Payable from Restricted Assets:
Accrued Interest Payable
Revenue Bonds Payable - Current
Accounts and Retainage Payable
General Obligation Bonds and Temporary
Notes Payable - Current
General Obligation Bonds Payable
Revenue Bonds Payable
Temporary Notes Payable
Landfill Closure and Postclosure
Total liabilities
Fund Equity:
Contributed Capital
Retained Earnings:
Unreserved
Total fund equity
Total liabilities and fund equity
City of Salina
Combining Balance Sheet
Enterprise Funds
December 31, 1994
(With comparative totals for December 31, 1993)
SOLID
SANITATION WASTE
$ 637,391 $
842,064
57,489
69,941
0
0
0
0
0
340,735
892,957
3,724,898
(702,290)
(467,017)
0
20,779
885,547 4,531,400
458
82,332
0
0
0
0
0
0
0
0
0
0
82,790
18,171
21,722
0
0
33,109
0
16,602
332,830
1,333,830
0
840,000
629,750
3,226,014
WATER TOTALS
GOLF AND
COURSE SEWER 1994 1993
$ 99,004 $ 7,337„608 $ 8,916,067 $ 7,809,800
0 1,230,430 1,357,860 481,097
0 0 0 31,909
25,889 300,567 326,456 367,680
0 16,927,486 17,268,221 9,624,078
1,116,493 64,964,730 70,699,078 63,135,861
(774,925) (20,396,459) (229340,691) (20,742,171)
0 584,628 605,407 349,658
466,461 70,948,990 76,832,398 61,057,912
3,818 224,386 246,833 209,513
22,569 241,397 368,020 336,940
0 0 0 31,909
0 84,452 84,452 85,427
609 491,508 525,326 422,781
0 880,000 880,000 805,000
0 559,891 576,493 1,891,669
6,707 0 339,537 161,870
53,263 0 1,387,093 1,561,630
0 35,845,000 35,845,000 24,105,000
0 0 840,000 140,000
0 0 629,750 482,250
86,966 38,326,734 41,722,504 30,233,989
0
57,037
0
7,568,633
7,625,670
5,840 902
802,757
1,248,349
379,495
25,053,623
27,484,224
24,983,021
802,757
1,3059386
379,495
32,622,::56
35,109,894
30,8239923
$ 885,547
$ 4,531,400
$ 466,461
$70,948,990
$76,832,398
$61,057,912
91
Operating Revenues:
Charges for Services
Miscellaneous
Total Operating Revenues
Operating Expenses:
Public Works
Recreation
Depreciation
Total Operating Expenses
Operating Income (loss)
Nonoperating Revenues (Expenses):
Interest
Miscellaneous (1984 refunding)
Debt Service
Loss on disposition of fixed assets
Total Nonoperating Revenues (Expenses)
Net income (loss)
Fund Equity, January 1
Prior Period Adjustment
Change in Contributed Capital, net
Fund Equity, December 31
92
City of Salina
Combining Statement of Revenues, Expenses and
Changes in Retained Earnings
Enterprise Funds
Year Ended December 31, 1994
(With comparative totals for December 31, 1993)
SANITATION
WATER
SOLID GOLF AND
WASTE COURSE SEWER
TOTALS
1994 1993
$ 1,042,312
$ 1,197,155
$ 601,772
$ 9,320,999
$12,162,238
$10,124,523
10,101
17,052
59180
81,507
113,840
32,700
1,052,413
1,214,207
6069952
9,402,506
12,276,078
107157,223
962,378
744,862
0
5,266,865
6,974,105
5,737,456
0
0
540,554
0
540,554
460,627
36,930
133,266
51,902
1,4729211
1,694,309
1,172,075
999,308
878,128
7,370,158
592,456
69739,076
97208,968
53,105
336,079
14,496
2,787,065
2,663,430
3,067,110
20,840
23,156
3,049
819,641
866,686
320,101
0
0
0
93,864
93,864
93,864
0
(27,581)
(2,518)
(1,475,770)
(1,505,869)
(436,890)
(4,389)
(529)
0
(15,670)
(20,588)
(2,679)
16,451
(4,954)
531
(577,935)
(565,907)
(25,604)
69,556
331,125
15,027
2,085,495
2, 501,203
2,761,461
733,201
1,452,474
364,468
28,756,030
31,306,173
26,485,821
0
(482,250)
0
0
(482,250)
0
0
4,037
0
1,780,731
1,784,768
2,058,891
$ 802,757
$ 1,305,386
$31,306,173
$ 379,495
$32,622,256
$35,109,894
93
City
of Salina
Combining Statement
of Cash Flows
Enterprise
Funds
Year Ended December
31, 1994
(With
comparative totals
for December
31, 1993)
WATER
TOTALS
SOLID
GOLF
AND
SANITATION
WASTE
COURSE
SEWER
1994
1993
Cash
Flows from Operating Activities:
Operating income (loss)
$ 53,105
$ 336,079 $
14,496
$ 2,663,430
$ 3,067,110
$ 2,787,065
Adjustments to reconcile operating income to
net cash provided by operating activities
Depreciation
36,930
133,266
51,902
1,472,21.1
1,694,309
1,172,075
Provision for uncollectible accounts receivable 0
0
0
(5,41.0)
(5,410)
14,269
Change in assets and liabilities:
Accounts receivable
(57,489)
(67,032)
0
(192,741)
(317,262)
(33,951)
Inventory and Prepaid Supplies
0
0
(3,728)
44,952
41,224
(58,736)
Customer Meter Deposits
0
0
0
(975)
(975)
3,305
Accounts Payable
(31,548)
5,276
608
110,865
85,201
2,783
Accrued liability for compensated absences
9,234
4,688
1,541
15,617
31,080
35,595
Post Closure Liability
0
147,500
0
0
147,500
0
Total Adjustments
(42,873)
223,698
50,323
1,444,519
1,675,667
1,135,340
Net Cash Provided by Operating Activities
10,232
559,777
64,819
4,107,949
4,742,777
3,922,405
Cash
Flows from Capital and Related Financing Activities:
Acquisition and construction of capital assets
(39,229)
(1,920,366)
(99,460)
(5,357,024)
(7,416,079)
(13,752,793)
Principal paid on maturing bonds and notes
0
(158,340)
(3,530)
(805,000)
(966,870)
(670,000)
Interest paid on bonds and notes
0
(69,714)
(2,127)
(1,961,893)
(2,0339734)
(1,670,137)
Miscellaneous income (1984 refunding)
0
0
0
93,864
93,864
93,864
Bond Proceeds
0
0
0
12,620,000
12,620,000
4,853,500
Contributed Capital
0
4,037
0
125,80D
129,837
2,103,200
Issuance Costs
0
0
0
(296,970)
(296,970)
(61,643)
Temporary Note Proceeds
0
865,000
0
0
865,000
210,000
Net Cash Used for Capital and Related
Financing Activities
(39,229)
(1,279,383)
(105,117)
4,418,777
2,995,048
(8,894,009)
Cash
Flows from Investing Activities:
Interest on Invested Cash
20,840
34,282
3,049
954,41+
1,012,585
546,668
Net Increase in Cash and Investments
(8,157)
(685,324)
(37,249)
9,481,140
8,750,410
(4,424,936)
Cash
and Investments, January 1
645,548
1,868,123
136,253
14,783,954
17,433,878
21,858,814
Cash
and Investments, December 31
637,391
1,182,799
99,004
24,265,094
26,184,288
17,433,878
Cash
and Investments is comprised of:
------------ ------
- - - - --
------ - - - ---
____________
Current
637,391
842,064
99,004
7,337,608
8,916,067
7,809,800
Restricted
0
340,735
0
16,927,486
17,268,221
9,624,078
Total
$ 637,391 $
1,182,799 $
99,004 $
24,265,094- $
26,184 288 $
17,433,878
93
City of Salina
Sanitation
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Budget Actual Variance
Receipts:
Charges for Services
Interest
Miscellaneous
Total receipts
Expenditures:
Personal Services
Supplies
Contractual
Other Services and Charges
Capital Outlay
Transfers Out
Cash Reserve
Total expenditures
Receipts over
(under) expenditures
Unencumbered Cash, January 1
Unencumbered Cash,
December 31
ti IV
$ 975,000
$ 952,914 $
(22,086)
20,000
20,840
840
1,300
10,101
983,855-
8,801
996,30U-
509,740
496,552
(13,188)
136,950
116,696
20,254
15,600
12,476
3,124
231,500
211,137
20,363
42,800
39,229
3,571
102,994
102,994
0
578,238
0
578,238
- bIT-,T6Z-
,
992,272
(8,417)
599,917
(608,334)
608,334
645,350
37,016
$ 0
$ 636,933 $
536,933
City of Salina
Solid Waste
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Receipts:
Charges for Services
Interest
Miscellaneous
Other Financing Sources
Total receipts
Expenditures:
Personal Services
Supplies
Contractual
Other Services and Charges
Capital Outlay
Transfers Out
Cash Reserve
Debt Service
Total expenditures
Receipts over
(under) expenditures
Unencumbered Cash, January 1
Unencumbered Cash,
December 31
Budget
Actual
Variance
$1,300,000
$1,130,123
$ (169,877)
22,000
24,517
2,517
0
17,052
17,052
250,000
285,000
35,000
1,5721UO-O-
1,456,692-
--7115-13UBT
218,645
248,792
(30,147)
120,720
114,015
6,705
118,500
29,030
89,470
167,500
151,454
16,046
1,233,000
341,550
891,450
46,284
111,932
(65,648)
384,885
0
384,885
0
228,837
(228,837)
1,225,610-
T £4-
(717,534)
231,082
948,616
717,534
590,106
(127,428)
$ 0 $
821,188
$ 621,188
95
City of Salina
Solid Waste Construction
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budgetary Basis
For the year ended December 31,1994
Receipts:
Interest $ 12,015
Other Financing sources 580,000
Transfers in 65,648
Total Receipts --6�1 �
Expenditures:
Contractual 250,149
Debt Service 1,468
Capital Outlay 459,652
Total Expenditures —
Receipts over
(under) expenditures (53,606)
Unencumbered Cash, January 1 55,012
Unencumbered Cash, December 31--—
M.
City of Salina
Golf Course
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Budget Actual Variance
Receipts:
Charges for Services $
605,000
$ 601,772
$ (3,228)
Interest
Reimbursements
2,000
200
3,049
1,049
Miscellaneous
2,000
920
4,260
720
2,260
Total receipts
609,20U-
Expenditures:
Personal Services
252,559
256,894
(4,335)
Supplies
88,000
87,238
762
Contractual
17,500
22,752
(5,252)
Other Services and Charges
134,000
154,443
(20,443)
Capital Outlay
40,000
43,073
(3,073)
Transfers Out
46,950
19,050
27,900
Cash Reserve
98,130
0
98,130
Debt Service
0
5,657
(5,657)
Total expenditures�j
-
Receipts over
(under) expenditures
(67,939)
20,894
88,833
Unencumbered Cash, January 1
67,939
74,292
6,353
Unencumbered Cash,
December 31 $
0
$ 95,186
$ 95,186
97
City of Salina
Water and Sewer
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Receipts:
Water Charges
Sewer Charges
Intergovernmental
Interest
Miscellaneous
Bond Proceeds
Total receipts
Expenditures:
Subject to budget:
Water Administration
Water Customer Accounting
Water Distribution
Water Softening
Cross Connection
Groundwater Remediation
Sewer Collection
Debt Service
Capital Outlay
Transfers out
Cash Reserve
Total expenditures
subject to budget
Not subject to budget - from
bond proceeds
Transfer to bond escrow and
bond issue costs
Capital Outlay
Budget
$ 4,663,000
4,177,000
0
200,000
100,000
0
$ 5,253,869
4,144,370
125,800
324,604
159,541
12,457,150
Variance
$ 590,869
(32,630)
125,800
124,604
59,541
12,457,150
1-3 ,'3�1 —
443,092
432,054
11,038
755,497
815,785
(60,288)
846,830
665,018
181,812
1,732,610
1,578,163
154,447
51,835
45,097
6,738
0
108,917
(108,917)
1,341,028
1,220,088
120,940
2,400
853
1,547
624,350
1,645,523
(1,021,173)
2,982,139
2,851,462
.130,677
4,575,634
0
4,575,634
13,355,415
9,362,960
3,992,455
0
11,363,557
(11,363,557)
0
1,057,697
(1,057,697)
Total expenditures 13,35b,415 ,
Receipts over
(under) expenditures (4,215,415) 681,120
Unencumbered Cash, January 1
Unencumbered Cash,
December 31
••
4,215,415 5,774,761
$ 0 $ 6,455,881
4,896,535
1,559,346
$ 6,455,881
City of Salina
Water and Sewer P & I
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budgetary Basis
For the year ended December 31, 1994
Receipts:
Interest $ 113,543
Transfers In 2,269,323
Total receipts 2,382,866
Expenditures: —
Principal 805,000
Interest 1,614,122
Commission on Bonds 1,252
Total expenditures 2,420,374
Receipts over —
(under) expenditures (37,508)
Unencumbered Cash, January 1 653,025
Unencumbered Cash, December 31 $ 515,517
we
City of Salina
Water and Sewer Bond Reserves
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budgetary Basis
For the year ended December 31, 1994
Receipts:
Other Financing Sources $ 106,600
Total receipts ---Iuu=
Unencumbered Cash, January 1 11,496,258
Unencumbered Cash, December 31 --7 ,602-8-5g
Comprised of:
Extension and Bond Retirement Reserve 979,758
1990 Bond Reserve 786,500
1992 Bond reserve 1,340,000
Depreciation and Emergency Replacement 125 000
1993 Bond Reserve 265,000
1994 Bond Reserve 106,600
Total
$ 3,602,858
100
INTERNAL SERVICE FUNDS
Internal service funds are used to account for the financing of goods or services
provided by one agency to other departments or agencies of the government and to
other governmental units, on a cost reimbursement basis.
Risk Management:
This fund is used 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:
This fund is used to account for the costs of providing a partially
self- insured workers compensation plan and for accumulating the needed
reserve amounts.
Central Garage:
This fund is used to account for the accumulation and allocation of costs
associated with the City's centralized vehicle repair shop.
Data Processing:
This fund is used to account for the accumulation and allocation of costs
associated with electronic data processing.
101
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Assets:
Cash and Investments
Accounts Receivable
Fixed Assets
Accumulated Depreciation
Total assets
Liabilities and Fund equity
Liabilities:
Accounts Payable
Accrued Compensated Absences
Total liabilities
Fund Equity:
Contributed Capital
Retained Earnings:
Unreserved
Total fund equity
Total liabilities and fund equity
City of Salina
Combining Balance Sheet
Internal Service Funds
December 31, 1994
(With comparative totals for December 31, 1993)
102
WORKERS
TOTALS
RISK
COMP.
CENTRAL
DATA
MANAGEMENT
RESERVE
GARAGE
PROCESSING
1994
1993
$ 276,698 $
583,539
$ 83,530 $
109,977
$ 1,053,744
$ 857,993
0
24,850
0
0
24,850
13,000
0
0
159,875
764,080
923,955
831,227
0
0
(125,900)
(168,566)
(294,466)
(441,966)
276,698
608,389
117,505
705 „491
1,708,083
1,260,254
16,117
234,429
54,361
9,407
314,314
472,763
8,074
0
19,543
10,672
38,289
33,305
24,191
234,429
73,904
20,079
352,603
506,068
0
0
12,336
397,907
410,243
0
252,507
373,960
31,265
2879505
945,237
754,186
252,507
373,960
43,601
685,412
1,355,480
754,186
$ 276,698 $
608,389
$ 117,505 $
705,491
$ 1,708,083
$ 1,260,254
102
Operating Revenues:
Charges for Services
Reimbursements
Miscellaneous
Total Operating Revenues
Operating Expenses:
General Government
Other
Depreciation
Total Operating Expenses
Operating Income (Loss)
Non - operating Revenues (Expenses)
Loss on disposition of fixed assets
Net income
Fund Equity, January 1
Change in Contributed Capital, Net
Fund Equity, December 31
103
City of Salina
Combining Statement of Revenues, Expenses and
Changes in Retained Earnings
Internal Service Funds
Year Ended December 31, 1994
(With comparative totals for December 31, 1993)
WORKERS
TOTALS
RISK
COMP.
CENTRAL
DATA
MANAGEMENT
RESERVE
GARAGE
PROCESSING
1994
1993
$ 476,124 $
474,348 $
649,555 $
347,451 9;
1,947,478 $
1,945,171
0
0
6,643
0
6,643
7,402
11
0
0
3,195
3,206
0
476,135
474,348
1,952,573
656,198
350,646
1,957,327
383,060
299,701
0
234,843
917,604
1,050,262
0
0
645,889
0
645,889
729,849
0
0
5,914
65,196
71,110
80,628
383,060
299,701
651,803
300,039
1,634,603
1,860,739
93,075
174,647
4,395
91,834
50,607
322,724
0
0
0
(131,673)
(131,673)
0
93,075
174,647
4,395
(81,066)
191,051
91,834
159,432
199,313
26,870
368,571
754,186
662,352
0
0
12,336
397,907
410,243
0
$ 252,507 $
373,960 $
43,601 $
754,186
685,412 $
1,355,480 $
City of Salina
Combining Statement of Cash Flows
Internal Service Funds
Year Ended December 31, 1994
(With comparative totals for December 31, 1993)
Cash Flows from Operating Activities:
Operating income (Loss)
Adjustments to reconcile operating income to
net cash provided by operating activities:
Depreciation
Change in assets and liabilities:
Accounts Receivable
Accounts Payable
Accrued liability for
compensated absences
Total adjustments
Net Cash Provided by Operating Activities
WORKERS
RISK COMP.
MANAGEMENT RESERVE
$ 93,075 $ 174,647 $
TOTALS
CENTRAL DATA
GARAGE PROCESSING 1994 1993
4,395 $ 53,607 $ 322,724 $ 91,834
0
0
5,914
65,196
71,110
80,628
0
(11,850)
0
0
(11,850)
0
16,075
(58,573)
32,057
(148,008)
(158,449)
324,254
(113)
0
3,579
1,518
4,984
(5,913)
15,962
(703423)
41,550
(81,294)
(94,205)
398,969
109,037
104,224
45,945
(30,687)
228,519
490,803
Cash Flows from Capital and Related Financing Activities:
Acquisition and construction of capital assets
Net Increase (Decrease) in Cash and Investments
Cash and Investments, January 1
Cash and Investments, December 31
Cash and Investments is Compromised of:
Current
Restricted
Total
0 0 (1,773) (30,995) (32,768) (196,075)
109,037
104,224
44,172
(61,682)
195,751
294,728
167,661
479,315
39,358
171,659
857,993
563,265
$ 276,698
$ 583,539
$ 83,530 $
109,977
$ 1,053,744
$ 857,993
$ 276,698
$ 583,539
$ 83,530 $
109„977
$ 1,053,744
$ 857,993
0
0
0
0
0
0
$ 276,698
$ 583,539
$ 83,530
1,053,744
$ 857 993
104
City of Salina
Risk Management
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Receipts: Budget Actual
Miscellaneous $ 0 $ 11
Transfers in 476,124 476,124
Total receipts 476,135
Expenditures:
Personal Services
Supplies
Contractual
Other Services and Charges
Cash Reserve
Capital Outlay
Total expenditures
Receipts over
(under) expenditures
Unencumbered Cash, January 1
Unencumbered Cash,
December 31
105
56,561
2,000
388,600
3,702
140,910
1,500
(117,149)
117,149
55,847
1,254
320,810
3,462
0
1,800
92,962
167,619
11
0
714
746
67,790
240
140,910
(300)
210,111
50,470
$ 0 $ 260,581 $ 260,581
City of Salina
Worker's Compensation Reserve
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Budget Actual
Receipts:
Transfers in $ 474,348 $ 474,348 $
Total receipts 474,348 474,348
Expenditures:
Contractual 262,000 590,276
Cash Reserve 715,015 0
Total expenditures — 977,,015– ,
Receipts over
(under) expenditures (502,667) (115,928)
Unencumbered Cash, January 1 502,667 471,876
Unencumbered Cash,
December 31
Variance
0
0
(328,276)
715,015
38b, 739
—–
386,739
(30,791)
$ 0 $ 355,948 $ 355,948
106
City of Salina
Central Garage
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Budget Actual Variance
Receipts:
Charges for Services $ 823,535 $ 649,555
Reimbursements 0 6,643
Total receipts 823,537- 656,198-
Expenditures:
Personal Services 188,850 172,958
Supplies 584,830 454,969
Other Services and Charges 14,400 6,597
Transfers Out 6,500 6,500
Cash Reserve 50,000 0
Total expenditures ,
Receipts over
(under) expenditures (21,045) 15,174
Unencumbered Cash, January 1 21,045 13,995
Unencumbered Cash,
December 31 $ 0 $ 29,169
107
$ (173,980)
6,643
--7T
15,892
129,861
7,803
0
50,000
36,219
(7,050)
$ 29,169
City of Salina
Data Processing
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budget and Actual - Budgetary Basis
For the year ended December 31, 1994
Budget Actual
Receipts:
Charges for Services
Miscellaneous
Transfers in
Total receipts
Expenditures:
Personal Services
Supplies
Contractual
Other Services and Charges
Capital Outlay
Transfers Out
Cash Reserve
Total expenditures
Receipts over
(under) expenditures
Unencumbered Cash, January 1
Unencumbered Cash,
December 31
$ 121,500
$ 144,865
0
3,195
202,586
202,586
324,086—
350,646—
182,173
167,473
6,250
8,366
5,000
0
37,000
52,229
167,000
33,459
2,692
2,692
80,000
0
(156,029) 86,427
156,029 14,144
$ 23,365
3,195
0
14,700
(2,116)
5,000
(15,229)
133,541
0
80,000
242,456
(141,885)
$ 0 $ 100,571 $ 100,571
1:
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TRUST AND AGENCY FUNDS
Trust funds are used to account for assets held by the government in a trustee
capacity. 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.
Citizenship Trust Fund:
This fund is used to account for a donation which restricts the use of the
interest earned on the donation to provide "Good Citizen" awards to deserving
Salina citizens.
Cemetery Endowment Fund:
This fund is used to account for amounts charged for perpetual care of the
City cemetery. Interest earned_ may be used to maintain the cemetery.
Mausoleum Endowment Fund:
This fund is used to account for amounts charged for perpetual care of the
City mausoleum. Interest earned may be used to maintain the mausoleum.
Tricentennial Commission Fund:
This fund is used to account for donations to be used to celebrate the
nation's Tricentennial in the year 2076.
Special Assessment Escrow Fund:
This fund is used to account
outstanding special assessments.
for property owners' prepayment on
Fire Insurance Proceeds Fund:
This fund is used to account for insurance proceeds received by the City on
severely damaged buildings. The insurance proceeds, plus interest, is
returned to the property owner when the building is repaired or
demolished.
PEG Access Fund:
This fund is used to account for revenues collected on behalf of the
community access television system for public, educational and governmental
programming.
Payroll Clearing:
This fund is used to account for interfund payroll receivables and payables
for all City funds.
Employees' Deferred Compensation Fund:
This fund is used to account for assets held for employees in accordance
with the provisions of Internal Revenue Code Section 457.
109
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City of Salina
Combining Balance Sheet
Trust and Agency Funds
December 31, 1994
(With comparative totals for December 31, 1993)
Page ] of 2
110
TRI-
SPECIAL
FIRE
CITIZENSHIP
CEMETERY
MAUSOLEUM
CENTENNIAL
ASSESSMENT
INSURANCE
PEG
PAYROLL
TRUST
ENDOWMENT
ENDOWMENT
COMMISSION
ESCROW
PROCEEDS
ACCESS
CLEARING
Assets:
Cash and Investments
$ 14,516 $
134,797
$ 18,925
$ 2,926
$ 301,435
$ 14,019
$ 0
$ 220,110
Accounts Receivable
126
0
0
58
0
0
0
0
Total assets
14,642
134,797
18,925
2,984
301,435
14,019
0
220,110
Liabilities and Fund Balances
Liabilities:
Accounts Payable
0
0
0
0
301,435
14,019
0
220,110
Deferred Compensation
Benefits Payable
0
0
0
0
0
0
0
0
Total Liabilities
0
0
0
0
301,435
14,019
0
220,110
Fund Balances:
Unreserved fund balance
14,642
134,797
18,925
2,984
0
0
0
0
Total fund balances
14,642
134,797
18,925
2,984
0
0
0
0
Total liabilities and
fund balances
$ 14,642 $
134,797
$ 18,925
$ 2,984
$ 301,435
$ 14,019
$ 0
$ 220,110
110
City of Salina
Combining Balance Sheet
Trust and Agency Funds
December 31, 1994
(With comparative totals for December 31, 1993)
Page 2 of 2
EMPLOYEES'
DEFERRED TOTALS
COMPENSATION
FUND 199Z7-
994 1993
Assets:
Cash and Investments $ 1,449,286 $ 2,156,014 $ 1,939,917
Accounts Receivable 0 184 197
Total assets 1,449,286 2,156,198 1,940,114
Liabilities and Fund Balances
Liabilities:
Accounts Payable
0
535,564
378,936
Deferred Compensation
Benefits Payable
1,449,286
1,449,286
1,398,862
Total Liabilities
1,449,286
1,984,850
1,777,798
Fund Balances:
Unreserved fund balance
0
171,348
1629316
Total fund balances
0
171,348
162,316
Total liabilities and
fund balances $ 1,449,286 $ 2,156,198 $ 1,940,114
111
City of Salina
Combining Statement of Revenues, Expenses and
Changes in Fund Balances
Nonexpendable Trust Funds
Year Ended December 31, 1994
(With comparative totals for December 31, 1993)
112
CITIZENSHIP
TRUST
CEMETERY
ENDOWMENT
MAUSOLEUM
ENDOWMENT
TRI-
CENTENNIAL
COMMISSION
TOTALS
1994
1993
Operating Revenues:
Charges for Services
Interest
$ 0 $
705
3,948
4,023
$ O $
569
0 $;
67
3,948 $
5,364
4,231
5,256
Total Operating Revenues
705
7,971
569
67
9,312
9,487
Operating Expenditures:
Other
0
35
245
0
280
2,172
Total Operating Expenditures
0
35
245
0 —
280
2,172
Operating Income (loss)
705
7,936
324
67
9,032
7,315
Net income (loss)
Fund Balances, January 1
705
139937
7,936
126,861
324
18,601
67
2,917
9,032
162,316
7,315
155,001
Fund Balances, December 31
$ 14,642 $
134,797
$ 18,925 $
2,984 $
171,348 $
—112,116
112
City of Salina
Combining Statement of Cash Flows
Nonexpendable Trust Funds
Year Ended December 31, 1994
(With comparative totals for December 31, 1993)
Cash Flows from Operating Activities:
Operating income $
Adjustments to reconcile operating income to
net cash provided by operating activities
Change in accounts receivable
Net Cash Provided by Operating activities
Cash and Investments, January 1
Cash and Investments, December 31
Cash and Investments is Comprised of:
Current
Restricted
Total
'CRI-
CITIZENSHIP CEMETERY MAUSOLEUM CENTENNIAL
TRUST ENDOWMENT ENDOWMENT COMM;:SSION
705 $ 7,936 $ 324 $ 67 $
21 0 0 (8)
726 7,936 324 59
13,790 126,861 18,601 2,867
$ 14,516 $ 134,797 $ 18,925 $ 2,926 $
$ 14,516 $ 134,797 $ 18,925 $ 2,926 $
0 0 0 0
$ 14,516 $ 134,797 $ 18,925 $ 2,926 $
TOTALS
1994 1993
9,032 $ 7,315
13 5
9,045 7,320
162,119 154,799
171,164 $ 162,119
171,164 $ 162,119
0 0
171,164 $ 162,119
113
Special Assessment Escrow Fund
Assets:
Cash and Investments
Total Assets
Liabilities:
Accounts Payable
Total Liabilities
Fire Insurance Proceeds Fund
Assets:
Cash and Investments
Total Assets
Liabilities:
Accounts Payable
Total Liabilities
114
City of Salina
Statement of Changes in Assets and Liabilities - All Agency Funds
Year Ended December 31, 1994
Balance
Balance December 31,
January 1, 1994 Additions Deletions 1994
$ 340,013 $ 57,748 $ 96,326 $ 301,435
340,013 57,748 96,326 301,435
------ - - - - -- ----- - - - - -- ----- - - - - -- --- -- - - - - --
------------ ----- - - - - -- ----- - - - - -- ----- - - - - --
340,013 57,748 96,326 301,435
$ 340,013 $ 57,748 $ 96,326 $ 301,435
Balance
Balance December 31,
January 1, 1994 Additions Deletions 1994
$ 15,613 $ 5,087 $ 6,681 $ 14,019
15,613 5,087 6,681 14,019
------ - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - --
------------ ----- - - - - -- ----- - - - - -- ----- - - - - --
15,613 5,087 6,681 14,019
$ 15,613 $ 5,087 $ 6,681 $ 14,019
------ - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - --
Page 1 of 2
PEG Access Fund
Cash and Investments
Total Assets
Liabilities:
Accounts Payable
Total Liabilities
Pavroll Clearing Fund
Assets:
Cash and Investments
Total Assets
Liabilities:
Accounts Payable
Total Liabilities
Emolovees' Deferred Compensation Fund
Assets:
Cash and Investments
Total Assets
Liabilities:
Deferred Compensation
Benefits Payable
Total Liabilities
City of Salina
Statement of Changes in Assets and Liabilities - All Agency Funds
Year Ended December 31, 1994
Balance
January 1, 1994 Additions
$ 0 $ 114,380
0 114,380
0 114,380
Balance
January 1, 1994 Additions
Balance
December 31,
Deletions 1994
$ 114,380 $ 0
114,380 0
114,380 0
$ 114,380 $ 0
Balance
December 31,
Deletions 1994
$ 23,310
$14,981,487
$14,784,687
$ 2209110
23,310
14,981,487
14,784,687
220,110
23,310
14,981,487
14,784,687
220,110
$ 23,310
$14,981,487
$14,784,687
$ 220,110
Balance
Balance
December 31
January 1, 1994
Additions
Deletions
1994
$ 1,398,862
$ 117,394
$ 66,970
$ 1,449,286
1,398,862
------ - - - - --
------------
117,394
----- - - - - --
----- - - - - --
66,970
----- - - - - --
----- - - - - --
1,449,286
------ -- - - --
------ -- - - --
1,398,862
117,394
66,970
19449,286
$ 1,398,862
$ 117,394
$ 66,970
$ 1,44!),286
Page 2 of 2
115
City of Salina
Citizenship Trust
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budgetary Basis
For the year ended December 31, 1994
Receipts:
Interest $ 725
Total receipts
Expenditures:
Other Services and Charges 0
Total expenditures
Receipts over
(under) expenditures 725
Unencumbered Cash, January 1 13,789
Unencumbered Cash, December 31 $ 14,514
116
City of Salina
Cemetery Endowment
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budgetary Basis
For the year ended December 31, 1994
Receipts:
Charges for Services
Interest
Total receipts
Expenditures:
Other services and charges
Total expenditures
Receipts over
(under) expenditures
Unencumbered Cash, January 1
Unencumbered Cash, December 31
$ 3,948
4,023
35
7,936
126,861
$ 134,797
117
City of Salina
Mausoleum Endowment
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
Budgetary Basis
For the year ended December 31, 1994
Receipts:
Interest $ 569
Total receipts
Expenditures:
Contractual 245
Total expenditures
Receipts over
(under) expenditures 324
Unencumbered Cash, January 1 18,601
Unencumbered Cash, December 31 $ 18,925
118
City of Salina
Tricentennial Commission
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
For the year ended December 31, 1994
Receipts:
Interest $ 59
Total receipts
Unencumbered Cash, January 1 2,867
Unencumbered Cash, December 31 $ 2,926
119
City of Salina
Special Assessment Escrow
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
For the year ended December 31, 1994
Receipts:
Special Assessments
Interest
Total receipts
Expenditures:
Other services and charges
Transfers out
Total expenditures
Receipts over
(under) expenditures
Unencumbered Cash, January 1
Unencumbered Cash, December 31
MIPQ
$ 49,023
8,725
91,739
4,587
96, J2b
(38,578)
340,013
$ 301,435
City of Salina
Fire Insurance Proceeds
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
For the year ended December 31, 1994
Receipts:
Interest $ 495
Miscellaneous 4,592
Total receipts ,
Expenditures:
Other services and charges 6,681
Total expenditures 6,681
Receipts over
(under) expenditures (1,594)
Unencumbered Cash, January 1 15,613
Unencumbered Cash, December 31 $ 14,019
121
City of Salina
PEG Access
Schedule of Receipts, Expenditures and
Changes in Unencumbered Cash
For the year ended December 31, 1994
Receipts:
Taxes - Franchise $ 114,380
Total receipts
Expenditures:
Contractual 114,380
Total expenditures
Receipts over
(under) expenditures 0
Unencumbered Cash, January 1 0
Unencumbered Cash, December 31
122
GENERAL FIXED ASSETS
General fixed assets are those fixed assets which have been acquired for
Feneral governmental purposes or are not required to be capitalized in other
unds. Assets purchased are recorded at cost in th General Fixed Assets
Group of Accounts . Public domain "Infrastructure" 5 general fixed assets
consisting of certain improvements other than buildings, including roads
bridges, curbs and gutters, streets and sidewalks, drainage systems, an(I
li &��ht�l'ng systems, are not capitalized because such assets are immovable and of
value only to the City. No depreciation has been provided on general fixed
assets.
123
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Cit of Salina
Comparative Schedyules of General Fixed Assets
By Source
December 31, 1993 and 1994
1993
General andxed assets: $ 2,501,353
10 455,031
Improvements other than buildings ' 174,289
Machiner and Equipment 6,898,686
ConstrucTion in Progress 0
Total general fixed assets 20,029,359
Investment in general fixed assets by source:
General fund 19,474,250
S ecial revenue funds 274,791
Capital projects funds 280,3180
Donations
Total investment in general
fixed assets $20,029,359
1994
$ 2,501,803
10,478,809
482,421
7,193,8020
20,656,835
20,243,381
105,594
290,158
17,702
$20,656,835
124
125
City of
Salina
Schedule of
General Fixed Assets - By Function and
Activity
December
31, 1994
Improvements
Other Than
Machinery and
Function and Activity
Land
Buildings
Buildings
Equipment
Total
General government:
$ 0
$ 0
$ 81,920
$ 81,920
Manager
$ 0
0
0
0
137,092
137,092
Finance
0
0
0
8,152
13,152
Personnel
General Services
19,302
73,103
94,864
208,484
395,753
Human Relations
0
0
0
14,360
14,360
Bi- Centennial Center
0
5,298,330
85,348
1,539,754
6,923,432
Other
1,798,259
660,190
0
0
2,453,449
Total general
government
1,817,561
6,031,623
180,212
1,989,762
10,019,158
Public Safety:
Police
600
445,363
0
994,778
1,440,741
Municipal Court
0
0
0
35,295
35,295
Fire
63,302
1,220,623
0
1,931,924
3,215,849
Inspection
0
0
0
18,825
18,825
Total public safety
63,902
1,665,986
0
2,980,822
4,710,710
Highways and streets:
0
0
55,471
55,471
Engineering
0
Maintenance
10,470
155,211
150,647
1,110,511
1,426,839
Planning
0
0
0
67,679
67,679
Total highways
and streets
10,470
155,211
150,647
1,233,661
1,549,989
Culture and recreation
609,870
2,625,989
151,562
989,558
4,376,979
Total general fixed assets
$ 2,501,803
$10,478,809
$ 482,421
$ 7,1939803
$20,656,836
125
City of Salina
Schedule of Changes in General Fixed Assets - By Function and Activity
December 31, 1994
General Fixed
Public Safety:
General Fixed I
Assets
December 31, 1994
$ 81,920
137,092
8,152
395,753
14,360
6,923,432
2,458,449
10,019,158
Police
Assets
311,218
(160,510)
Other
Interfund
Function and Activity
December 31, 1993
Additions
Deductions
Changes
Transfers
General government:
35,295
Fire
3,364,713
81,244
(236,258)
Manager
$ 75,305
$ 9,563
$ (1,248)
$ (1,700)
$ 0
Finance
127,998
25,049
(4,780)
(4,300)
(6,875)
Personnel
8,152
0
0
0
0
General Services
420,215
2,144
(5,531)
(1,075)
(20,000)
Human Relations
12,040
5,772
0
(3,452)
0
Bi- Centennial Center
6,760,734
160,806
(2,100)
0
3,992
Other
2,457,999
450
0
0
0
Total general
2,575
67,679
Total highways
government
9,862,443
203,784
(13,659)
(10,527)
(22,883)
Public Safety:
General Fixed I
Assets
December 31, 1994
$ 81,920
137,092
8,152
395,753
14,360
6,923,432
2,458,449
10,019,158
Police
1,308,752
311,218
(160,510)
0
(18,719)
1,440,741
Municipal Court
22,608
12,687
0
0
0
35,295
Fire
3,364,713
81,244
(236,258)
(300)
6,450
3,215,849
Inspection
9,212
755
0
0
8,858
18,825
Total public safety
4,705,285
405,904
(396,768)
(300)
(3,411)
4,710,710
Highways and streets:
Engineering
34,710
22,509
(11,609)
0
9,861
55,471
Maintenance
1,205,496
252,059
(45,378)
(1,346)
16,008
1,426,839
Planning
52,922
17,602
(5,420)
0
2,575
67,679
Total highways
and streets
1,293,128
292,170
(62,407)
(1,346)
28,444
1,549,989
Culture and recreation
4,168,503
270,840
(60,214)
0
(2,150)
4,376,979
Total general fixed assets
$20,029,359
$ 1,172,698 $
(533,048)
$ (12,173) $
0
$20,656,836
126
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STATISTICAL SECTION
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City of Salina
General Governmental Expenditures by Functions (1)
Last Four Fiscal Years (2)
Fiscal
GENERAL
PUBLIC
PUBLIC
year
GOVERNMENT
SAFETY
WORKS
RECREATION
CULTURAL
1991
$ 1,487,342
$ 4,930,155
$ 1,227,758
$ 1,477,226 $
327,241
1992
1,463,391
5,381,008
1,422,210
1,567,104
337,911
1993
1,426,997
5,834,653
1,386,714
1,600,093
346,677
1994
1,069,325
6,735,353
1,332,977
1,721,024
379,777
(1) Includes general, special revenue and debt service funds.
(2) Prior year expenditures are not available on a GAAP basis.
127
Page 1 of 2
COMMUNITY
DEVELOPMENT
$ 369,179
339,084
175,254
441,307
City of Salina
General Governmental Expenditures by Functions (1)
Last Four Fiscal Years (2)
(1) Includes general, special revenue and debt service funds.
(2) Prior year expenditures are not available on a GAAP basis.
128
Page 2 of 2
Table 1
HEALTH
Fiscal
AND
DEBT
CAPITAL
BICENTENNIAL
year
WELFARE
SERVICE
OUTLAY
CENTER
OTHER
TOTAL
1991
$ 146,615 $
2,299,444
$ 1,415,043
$ 1,665,892
$ 6,36:2,182
$21,708,077
1992
1993
138,733
2,768,149
1,530,150
1,415,537
6,337,016
22,700,293
1994
173,122
2,902,019
1,558,158
1,968,806
4,547,476
21,919,969
525,026
2,772,819
2,796,288
1,720,509
4,53:5,986
24,028,391
(1) Includes general, special revenue and debt service funds.
(2) Prior year expenditures are not available on a GAAP basis.
128
City of Salina
General Governmental Revenues by Source (1)
Last Four Fiscal Years (2)
129
Page 1 of 2
CHARGES
Fiscal
INTER-
FOR
SPECIAL
year
TAXES
GOVERNMENTAL
SERVICES
FINES ASSESSMENTS
1991
$13,019,231
$ 2,623,225
$ 2,682,505
$ 395,447 $
726,245
1992
13,897,325
2,756,614
2,416,921
347,884
881,231
1993
15,479,559
2,769,828
3,174,444
574,958
940,487
1994
16,153,904
3,305,815
3,089,651
1,020,116
868,202
(1)
Includes general, special
revenue and debt
service funds.
(2)
Prior year
expenditures are not available
on a GAAP basis.
129
Page 1 of 2
City of Salina
General Governmental Revenues by Source (1)
Last Four Fiscal Years (2)
Page 2 of 2
Table 2
Fiscal
year INTEREST REIMBURSEMENTS MISCELLANEOUS TOTAL
1991 $ 554,636
$ 672,264
$ 455,285
$21,128,838
1992 363,734
35,467
890,109
21,589,285
1993 444,853
55,968
771,233
24,211,330
1994 548,655
46,887
786,802
25,820,032
(1) Includes general, special revenue and debt service funds.
(2) Prior year revenues are not available on a GAAP basis.
130
Fiscal
year
1991
1992
1993
1994
(1)
(2)
131
City of Salina
General Governmental Tax Revenues by Source (1)
Last Four Fiscal Years (2)
PROPERTY
TAX
$ 5,296,226
5,607,496
5,818,511
6,065,013
Includes general, special revenue and debt service funds„
Prior year expenditures are not available on a GAAP basis:.
Table 3
TOTAL
$13,019,231
13,897,325
15,479,559
16,153,904
TRANSIENT
SALES
FRANCHISE
GUEST
TAX
TAX
TAX
$ 5,916,537
$ 1,509,053
$ 297,415
6,287,513
1,537,171
465,145
7,480,113
1,680,385
500,550
7,769,917
1,756,528
562,446
Includes general, special revenue and debt service funds„
Prior year expenditures are not available on a GAAP basis:.
Table 3
TOTAL
$13,019,231
13,897,325
15,479,559
16,153,904
132
City
of Salina
Table 4
Property Tax Levies and Collections
Last Ten
Fiscal Years
RATIO OF
PERCENT OF
TOTAL TAX
TOTAL
CURRENT
CURRENT
DELINQUENT
TOTAL
COLLECTIONS
Fiscal
TAX
TAX
TAXES
TAX
TAX
TO TOTAL
year
LEVY
COLLECTIONS
COLLECTED
COLLECTIONS
COLLECTIONS
TAX LEVY
1985
$3,906,988
$3,814,564
97.6
$ 56,209
$3,870,773
99.1
1986
3,951,529
3,906,226
98.9
86,049
3,992,275
101.0
1987
4,116,562
4,005,867
97.3
95,461
4,101,328
99.6
1988
4,163,314
4,086,792
98.2
65,960
4,152,752
99.7
1989
4,269,464
4,110,719
96.3
101,102
4,211,821
98.6
1990
4,693,317
4,394,623
93.6
104,504
4,499,127
95.9
1991
4,502,345
4,317,229
95.9
5,744
4,322,973
96.0
1992
4,783,117
4,491,134
93.9
83,939
4,575,073
95.7
1993
4,882,255
4,696,707
96.2
194,448
4,891,155
100.2
1994
4,858,543
4,673,374
96.2
227,331
4,900,705
100.9
132
City of Salina
Assessed and Estimated Actual Value of Property
Last Ten Fiscal Years
ASSESSED VALUE
Fiscal REAL PERSONAL
year ESTATE PROPERTY
1985 $ 68,486,970 $ 30,248,415
1986 69,906,890 31,405,020
1987 72,066,960 31,552,430
1988 71,441,070 35,215,115
(1) 1990 125,389,311 13,454,685
1991 134,834,179 14,314,162
1992 135,267,866 16,751,713
(2) 1993 129,632,717 22,447,713
1994 145,239,331 22,678,728
STATE MOTOR ACTUAL
ASSESSED VEHICLE TOTAL
Table 5
RATIO OF TOTAL
ESTIMATED ASSESSED VALUE TO
TOTAL ESTIMATED
VALUE ACTUAL VALUE
$ 9,942,497
$ 26,201,223
$134,879,105
$1,105,009,955
12.21
10,544,260
27,447,177
139,303,347
1,105,:.57,648
12.60
10,884,189
28,786,730
143,290,309
1,147,347,527
12.49
10,765,830
30,847,364
148,269,379
1,160,411,705
12.78
11,094,235
35,096,634
185,034,865
1,026,844,668
18.02
11,208,262
34,515,855
194,872,458
1,075,575,019
18.12
11,545,541
35,803,591
199,368,711
1,105,026,368
18.04
12,849,722
37,569,816
202,499,968
1,175,493,628
17.23
14,272,658
41,805,765
223,996,482
1,314,830,748
17.04
(1) All municipalities in Kansas underwent a complete reappraisal and reclassification of real and personal. property as a result
of legislative action, effective January 1, 1989. This legislation reappraised property closer to its estimated market value
and caused certain types of property to be reclassified, reduced or eliminated from ad valorem taxation..
(2) On November 3, 1992, voters in the State of Kansas approved a proposition to amend the Kansas Constitut'.:on regarding property
classification and assessment rates. This amendment established three new property sub- classificeitions with decreased
assessment ratios.
133
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134
City of
Salina
Property
Tax Rates
Direct and Overlapping Governments
Last Ten Fiscal Years
Page 1 of 2
CITY OF
SALINA
SALINE COUNTY
Fiscal
Operating Debt
Service
Total City
Operating Debt Service
Total. County
year
Millage Millage
Millage
Millage Millage
Millage
1985
29.750
6.610
36.360
17.917 .239
18.156
1986
28.620
7.740
36.360
20.466 .534
21.000
1987
29.345
7.015
36.360
21.000 --
21.000
1988
29.513
6.847
36.360
21.000 --
21.000
1989
35.007
1.353
36.360
23.460 --
23.460
1990
22.643
7.372
30.015
19.074 --
19.074
1991
26.357
3.671
30.028
20.122 --
20.122
1992
22.764
7.064
29.828
20.464 --
20.464
1993
22.114
7.735
29.849
21.718 --
21.718
1994
27.910
6.551
29.461
24.562 --
24.562
134
135
City of Salina
Property Tax Rates
Direct and Overlapping
Governments
Last Ten Fiscal
Years
Page 2 of 2
Table 6
U.S.D. 305
Fiscal
Operating
Debt Service
Total USD 305
year
Millage
Millage
Millage Other
Total
1985
70.736
2.214
72.950
5.674
133.140
1986
77.607
2.441
80.048
5.777
143.185
1987
79.779
2.094
81.873
5.790
145.023
1988
84.023
4.756
88.779
6.487
152.626
1989
90.097
5.542
95.639
6.653
162.112
1990
72.065
4.427
76.492
5.599
131.180
1991
76.378
3.094
79.472
5.818
135.440
1992
80.343
3.029
83.372
6.074
139.738
1993
40.301
3.581
43.882
6.557
102.006
1994
37.353
3.332
40.685
8.521
103.229
135
Taxpayer
Western Resources
Southwestern Bell
Warmack, Salina
Partnership
Schwan's Sales
Wal -Mart Stores, Inc.
Omaha Hotel, Inc.
Sunset Plaza, Inc.
Intervest Salina Ltd.
Partnership
Kangross Partners and
Co., Ltd.
Union Pacific Railroad
City of Salina
Principal Taxpayers
January 1, 1994
TVDe of Business
Gas & Electric Utility
Telephone Utility
Retail Shopping Mall
Pizza Manufacture
Discount Retail Stores
Motel
Retail Developments
Dillons Grocery Store
K -Mart
Railroad
(1) Total assessed value for 1994 was $223,996,482.
136
Table 7
1994
Percentage of
Assessed
Total Assessed
Valuation
Valuation(1)
$ 6,815,109
3.04
5,979,835
2.67
4,864,212
2.17
4,163,368
1.86
2,492,394
1.11
1,498,242
.67
936,979
.42
921,261
.41
8289674
.37
740,743
.33
$29,240,817
13.05
Fiscal
year
City of Salina
Special Assessment Billings and Collections
Last Ten Fiscal Years
Special Assessment Special Assessment
Billings Collections(1)
Table 8
Ratio of
Total Special
Assessments
Collections to
Total Assessments
Levied
1985
$ 843,085.97
$ 696,159
82.57
1986
767,807.20
775,477
101.00
1987
1,067,396.70
768,509
72.00
1988
1,021,973.04
922,020
90.22
1989
927,767.70
911,365
98.23
1990
647,655.40
837,604
129.33
1991
807,451.57
656,104
81.26
1992
721,333.83
808,886
112.14
1993
694,497.21
873,850
125.82
1994
697,015.08
793,190
113.80
(1) Includes prepayments and delinquent collections.
137
Assessed Valuation
Legal Debt Margin:
Debt limitation - 30% of total
Assessed Valuation
Debt applicable to limitation:
Total bonded debt
Less: Revenue bonds
Special Assessment bonds
Amount Available for
repayment of general
obligation bonds
Total debt applicable to limitation
Legal Debt Margin
ME
City of Salina
Computation of Legal Debt Margin
December 31, 1994
$223,996,482
67,198,945
48,220,000
36,725,000
3,640,006
797,083
7,057,911
$60,141,034
Table 9
* Amounts expressed in Thousands
(1) Per 1980 and 1990 census
(2) From Table 5
(3) Amount does not include special assessment bonds and revenue bonds
(4) Amount available for repayment of General Obligation bonds
139
City of
Salina
Table 10
Ratio of
Net General
Obligation Bonded Debt
To Assessed Value and
Net General
Obligation
Bonded Debt
Per Capita
Ratio of Net
Gross
Less Debt
Net
Bonded Debt
Net Bonded
Fiscal
Assessed
Bonded
Service
Bonded
To Assessed
Debt Per
Year
Population(1)
Value(2) *
Debt (3)
Fund (4)
Debt
Value
Capita
1985
41,843
$ 134,879
$4,901,460
$ 366,245
$4,535,215
3.36
$ 108.39
1986
41,843
139,303
4,131,854
358,428
3,773,426
2.71
90.18
1987
41,843
143,290
7,069,345
304,244
6,765,101
4.72
161.68
1988
41,843
148,269
6,502,986
351,958
6,151,028
4.15
147.00
1989
41,843
189,326
6,323,473
237,897
6,085,576
3.21
145.44
1990
42,303
185,035
5,801,642
344,280
5,457,362
2.95
129.01
1991
42,303
1949872
8,004,443
304,252
7,700,191
3.95
182.02
1992
42,303
199,369
8,795,864
333,505
8,462,359
4.24
200.04
1993
42,303
202,450
9,478,791
539,887
8,938,904
4.42
211.31
1994
42,303
223,996
7,854,994
797,083
79057,911
3.15
166.84
* Amounts expressed in Thousands
(1) Per 1980 and 1990 census
(2) From Table 5
(3) Amount does not include special assessment bonds and revenue bonds
(4) Amount available for repayment of General Obligation bonds
139
City of Salina
Ratio of Annual Debt Service Expenditures
For General Obligation Bonded Debt(1)
To Total General Governmental Expenditures
Last Ten Fiscal Years
Table 11
Ratio of Debt
Service to General
Governmental
Expenditures(3)
6.21
6.95
9.37
7.60
(1) Excludes special assessment debt with government commitment.
(2) Excludes bond issuance and other costs.
(3) Includes general, special revenue and debt service funds. GAAP basis information not available prior to 1991.
140
Total
Total General
Fiscal
Debt
Governmental
Year
Principal
Interest(2)
Service
Expenditures(3)
1985
$ 736,843
$ 372,886 $
1,109,729
$
1986
842,580
332,785
1,175,365
1987
770,134
302,401
1,072,535
1988
991,258
488,387
1,4799645
1989
972,202
442,575
19414,777
1990
9679434
431,955
1,399,389
1991
949,898
398,197
1,348,095
21,708,077
1992
1,037,112
541,560
1,578,672
22,700,293
1993
1,556,156
497,961
2,054,117
21,919,969
1994
1,459,185
368,250
1,827,435
24,028,391
Table 11
Ratio of Debt
Service to General
Governmental
Expenditures(3)
6.21
6.95
9.37
7.60
(1) Excludes special assessment debt with government commitment.
(2) Excludes bond issuance and other costs.
(3) Includes general, special revenue and debt service funds. GAAP basis information not available prior to 1991.
140
141
City of Salina
Table 12
Computation of Direct and Overlapping
Bonded Debt
General Obligation Bonds
December 31, 1994
Net General
Percentage
Amount
Obligation
Applicable
Applicable
Bonded Debt
To
To
Jurisdiction
Outstanding City of Salina
City of Salina
Direct:
City of Salina
$ 7,057,911
100.00%
$ 7,057,911
Overlapping:
Salina Airport Authority
2,985,000
100.00
2,985,000
USD 305
4,285,000
92.20
3,950,700
Total
$14,327,911
$13,993,611
141
City of Salina
Revenue Bond Coverage
Water and Sewer Fund
Last Ten Fiscal Years
(1) Excludes interest income
(2) Excludes depreciation
142
Debt Service Requirements
Principal
Interest
Total
Net Revenue
Fiscal
Gross
Operating
Available for
Year
Revenues(1)
Expenses(2)
Debt Service
1985
$3,579,950
$2,958,751
$ 621,199
1986
3,699,736
39187,223
512,513
1987
4,094,841
3,211,266
883,575
1988
5,488,165
3,420,799
2,067,366
1989
6,300,264
3,759,534
2,540,730
1990
6,158,140
49002,486
2,155,654
1991
6,774,391
49270,897
2,503,494
1992
7,131,392
4,371,446
2,759,946
1993
8,171,545
49350,228
3,821,317
1994
9,402,506
5,266,865
4,135,641
(1) Excludes interest income
(2) Excludes depreciation
142
Debt Service Requirements
Principal
Interest
Total
$ 490,000
$ 207,306
$ 697,306
310,000
1819843
491,843
210,000
208,459
418,459
300,000
352,119
652,119
390,000
542,751
932,751
275,000
519,009
794,009
220,000
542,944
7629944
265,000
517,915
782,915
670,000
1,681,527
2,351,527
805,000
1,614,122
2,419,122
Table 13
Coverage
.88
1.04
2.11
3.17
2.72
2.71
3.28
3.53
1.63
1.71
City of Salina Table 14
Property Value, Construction and Bank Deposits
Last Ten Fiscal Years
*Amounts expressed in thousands.
(1) Kansas Statistical Abstract
143
Total
Bank
Fiscal
Property
Permits
Estimated
Deposits (1)
Year
Value*
Issued
Valuation
(Thousands)
1985
$ 1,105,010
370
$20,687,418
$ 340,604
1986
1,105,157
441
34,679,250
352,155
1987
1,147,348
470
17,391,757
360,908
1988
1,160,412
457
15,426,410
346,971
1989
1,037,898
490
18,851,000
372,626
1990
19026,845
497
36,469,096
443,020
1991
1,075,575
562
22,6659785
484,783
1992
1,105,026
598
25,283,947
500,297
1993
1,175,494
628
36,411,632
589,067
1994
1,314,831
694
38,667,261
N/A
*Amounts expressed in thousands.
(1) Kansas Statistical Abstract
143
Data Sources:
(1) 1980 and 1990 Census
(2) U.S. Bureau of Economic Analysis
(3) Wood and Poole Economics, Inc.
(4) U.S.D. 305
(5) Kansas Department of Human Resources
144
Table 15
City of
Salina
Demographic
Statistics
Last Nine Fiscal Years
Per
Fiscal
Capita
Median
School
Unemployment
Year
Population
Income
Age
Enrollment
Rate
(1)
(2)
(3)
(4)
(5)
1986
41,843
$ 14,515
31.8
7,024
6.5
1987
41,843
15,166
32.0
7,008
5.8
1988
419843
16,398
32.2
7,054
5.4
1989
41,843
17,509
32.6
7,115
4.4
1990
42,303
199002
33.1
7,333
4.1
1991
42,303
19,313
32.4
7,489
4.2
1992
42,303
20,273
32.7
7,687
3.8
1993
42,303
20,753
33.3
7,661
4.6
1994
42,303
21,564
33.7
7,243
4.6
Data Sources:
(1) 1980 and 1990 Census
(2) U.S. Bureau of Economic Analysis
(3) Wood and Poole Economics, Inc.
(4) U.S.D. 305
(5) Kansas Department of Human Resources
144
Table 15
SINGLE AUDIT SECTION
This page intentionally left blank
HOME OFFICE:
P. O. BOX 1100
SALINA, KANSAS 67402 -1100
913. 825 -1561
KENNEDY AND COE, LLC
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT ON SCHEDULE
OF FEDERAL FINANCIAL ASSISTANCE
To the Mayor and
The Board of City Commissioners
City of Salina, Kansas:
OFFICES IN
KANSAS
NEBRASKA
OKLAHOMA
COLORADO
We have audited the general purpose financial statements of the City
of
Salina, Kansas,
for the year ended December 31, 1994, and have
issued
our
,report thereon dated May 25, 1995, which expressed reliance on
reports
of
other auditors.
These general purpose financial statements are
the
responsibility of
the City's management. Our responsibility is to
express
an
opinion on these
general purpose financial statements based on our
audit.
We conducted our audit in accordance with generally accepted auditing
standards, Government Auditing standards, issued by the Comptroller General
of the United States, and the provisions of Office of Management and Budget
Circular A -128 "Audits of State and Local Governments." Those standards
and OMB Circular A -128 require that we plan and perform the audit to
obtain reasonable assurance about whether the general purpose financial
statements are free of material misstatement. An audit includes examining, on
a test basis, evidence supporting the amounts and disclosures in the general
purpose financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audit provides a reasonable basis for our opinion.
Our audit was conducted for the purpose of forming an opinion oil the general
purpose financial statements of the City of Salina, Kansas, takers as a whole.
The accompanying Schedule of Federal Financial Assistance, which does not
include Federal Financial Assistance received by the Salina Housing Authority
and Salina Airport Authority, is presented for purposes of additional analysis
and is not a required part of the general purpose financial statements. The
information in that schedule has been subjected to the auditing procedures
applied in the audit of the general purpose financial statements and, in our
opinion, is fairly presented in all material respects in relation to the
general purpose financial statements taken as a whole.
Salina, Kansas
May 25, 199.5
Respectfully submitted,
MEMBERS OF: AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS 145
SEC PRACTICE SECTION AND PRIVATE COMPANIES PRACTICE
SECTION OF THE AICPA DIVISION FOR CPA FIRMS
CITY OF SALINA
SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE
For the Year Ended December 31, 1994
Federal
December 31
Federal Grantor /Pass- through CFDA January 1, Revenue ,
Grantor Program Title Number 1994 Recognized Expenditures 1994
MAJOR PROGRAM
Environmental Protection Agency
Construction Grant for Wastewater
Treatment Works (direct assistance)
Project No.C20 1231 01
OTHER FEDERAL ASSISTANCE
U.S.Department of Housing and Urban Development
Community Development Block Grant/
Small Cities Program (passed through
Kansas Department of Commerce)
Housing Grant No. 93 -CH -216
Emergency Shelter Grants (passed through
the Kansas Department of Social and
Rehabilitation Services)
Fair Housing Assistance (direct assistance)
Contract No. FF207K917008
U.S.Department of Commerce
Economic Development Administration
Grant for Public Works and Development
Facilities (direct assistance)
Project No. 05 -01 -02531
U.S.Department of Justice
Drug Control and System Improvement -
Formula Grant (Passed Through
Kansas Department of Administration)
Grant No. 95 -63
Grant No. 94 -65
Grant No. 94 -67
66.418
14.219
$ 0 $ 646,410 $ 646,410 $ 0
0 268,116 268,116 0
14.231 0
15,399
15,399 0
0
19,500
19,500 0
0
303,015
303,015 0
11.300
16.579
0 2,678 2,678 0
0 38,170
38,170 0
0 970
970 0
0 36,742
36,742 0
0 75,882
75,882 0
U.S.Department of Transportation
National Highway Traffic Safety
Grant (passed through Kansas
Department of Transportation) 20.600
Grant No. AL 94/96- 95 -01 -07
0 44,515
44,515
0
Grant No. AL 94/96- 94 -01 -07
0 189,258
189,258
0
0 233,773
213,773
0
TOTAL OTHER FEDERAL ASSISTANCE
0 6159348
615,348
0
TOTALS
$ 0 $ 1,261,758
$1,261,758
$ 0
This schedule does not include any federal financial assistance received by the Salina Housing Authority and Salina
Airport
Authority, which are considered to be discrete component units of the
City of Salina. The federal
financial assistance
of the Salina Housing Authority and Salina Airport Authority has been
audited and reported by other
auditors.
146
KENNEDY AND COE, LLC
CERTIFIED PUBLIC ACCOUNTANTS
OFFICES IN
HOME OFFICE: KANSAS
P. O. BOX 1100 NEBRASKA
SALINA, KANSAS 67402 -1100 OKLAHOMA
913825-1561 COLORADO
INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL
STRUCTURE BASED ON AN AUDIT OF GENERAL PURPOSE
FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS
To the Mayor and
The Board of City Commissioners
City of Salina, Kansas:
We have audited the general purpose financial statements of the City of
Salina, Kansas, as of and for the year ended December 31, 1994, and have
issued our report thereon dated May 25, 1995, which expressed reliance on
reports of other auditors.
We conducted our audit in accordance with generally accepted auditing
standards, Government Auditing Standards, issued by the Comptroller General
of the United States, and the provisions of Office of Management: and Budget
Circular A -128 "Audits of State and Local Governments." Those standards
and OMB Circular A -128 require that we plan and perform the audit to
obtain reasonable assurance about whether the general purpose financial
statements are free of material misstatement.
In planning and performing our audit of the primary government portion of
the general purpose financial statements for the year ended December 31,
1994, we considered the City's internal control structure in order to
determine our auditing procedures for the purpose of expressing; our opinion
on the City's general purpose financial statements and not to provide
assurance on the internal control structure.
The management of the City of Salina, Kansas, is responsible for
establishing and maintaining an internal control structure. In fulfilling
this responsibility, estimates and judgments by management are required to
assess the expected benefits and related costs of internal control structure
policies and procedures. The objectives of an internal control structure are
to provide management with reasonable, but not absolute, assurance that
assets are safeguarded against loss from unauthorized use or disposition,
and that transactions are executed in accordance with management's
authorization and recorded properly to permit the preparation of financial
statements in accordance with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may nevertheless occur and not be detected. Also, projection
of any evaluation of the structure to future periods is subject to the risk
that procedures may become inadequate because of changes in conditions or
that the effectiveness of the design and operation of policies and procedures
may deteriorate.
MEMBERS OF: AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
SEC PRACTICE SECTION AND PRIVATE COMPANIES PRACTICE 147
SECTION OF THE AICPA DIVISION FOR CPA FIRMS
For the purpose of this report, we have classified the significant internal
control structure policies and procedures in the following categories:
Accounting Controls
I. Cash and investment balances
2. Revenue / receipts
3. Purchases / disbursements
4. External financial reporting
For all of the internal control structure categories listed above,, we obtained
an understanding of the design of relevant policies and procedures and
determined whether they have been placed in operation, and we assessed
control risk.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of
Certified Public Accountants. A material weakness is a reportable condition
in which the design or operation of one or more of the internal control
structure elements does not reduce to a relatively low level the risk that
errors or irregularities in amounts that would be material in relation to the
general purpose financial statements being audited may occur and not be
detected within a timely period by employees in the normal course of
performing their assigned functions. We noted no matters involving the
internal control structure and its operation that we consider to be material
weaknesses as defined above.
This report is intended for the information of the Mayor, Board of City
Commissioners and management of the City of Salina, Kansas. However, this
report is a matter of public record and its distribution is not limited.
Salina, Kansas
May 25, 1995
iM
Respectfully submitted,
HOME OFFICE:
P. O. BOX 1100
SALINA, KANSAS 67402 -1100
913. 825 -1561
KENNEDY AND COE, LLC
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT ON COMPLIANCE
BASED ON AN AUDIT OF GENERAL PURPOSE FINANCIAL
STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS
To the Mayor and
The Board of City Commissioners
City of Salina, Kansas:
OFFICES IN
KANSAS
NEBRASKA
OKLAHOMA
COLORADO
We have audited the general purpose financial statements of the City of
Salina, Kansas, as of and for the year ended December 31, 1994, and have
issued our report thereon dated May 25, 1995, which expressed reliance on
reports of other auditors.
We conducted our audit in accordance with generally accepted auditing
standards, Government Auditing Standards, issued by the Comptroller General
of the United States, and the provisions of Office of Management and Budget
Circular A -128 "Audits of State and Local Governments." Those standards
and OMB Circular A -128 require that we plan and perform the audit to
obtain reasonable assurance about whether the general purpose financial
statements are free of material misstatement.
Compliance with laws, regulations, contracts, and grants applicable to the
City of Salina, Kansas, is the responsibility of the City's management. As
part of obtaining reasonable assurance about whether the financial statements
are free of material misstatement, we performed tests of the City's compliance
with certain provisions of laws, regulations, contracts, and grants.
However, the objective of our audit of the financial statements was not to
provide an opinion on overall compliance with such provisions. Accordingly,
we do not express such an opinion.
The results of our tests indicate that, with respect to
the items tested, the
City of Salina, Kansas,
complied, in
all material
respects, with the
provisions referred to in the preceding
paragraph.
With respect to items
not tested, nothing came to
our attention
that caused
us to believe that the
City of Salina, Kansas, had
not complied,
in all material respects, with those
provisions.
We noted certain instances of noncompliance, as described in Note 19, that
do not result in misstatements in the financial statements.
This report is intended for the information of the Mayor, Board of City
Commissioners and management of the City of Salina, Kansas. However, this
report is a matter of public record and its distribution is not limited.
Respectfully submitted
Salina, Kansas
May 25, 1995 '°� �" - L c"
MEMBERS OF: AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
SEC PRACTICE SECTION AND PRIVATE COMPANIES PRACTICE 149
SECTION OF THE AICPA DIVISION FOR CPA FIRMS
This page intentionally left blank
HOME OFFICE:
P. O. BOX 1100
SALINA, KANSAS 67402 -1100
913 - 8251561
KENNEDY AND COE, LLC
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT ON THE INTERNAL
CONTROL STRUCTURE USED IN ADMINISTERING
FEDERAL FINANCIAL ASSISTANCE PROGRAMS
To the Mayor and
The Board of City Commissioners
City of Salina, Kansas:
OFFICES IN
KANSAS
NEBRASKA
OKLAHOMA
COLORADO
We have audited the general purpose financial statements of the City of
Salina, Kansas for the year ended December 31, 1994, and have issued our
report thereon dated May 25, 1995, which expressed reliance on the reports of
other auditors. We have also audited the compliance of the City with
requirements applicable to its major federal financial assistance programs, as
identified in the accompanying schedule of Federal Financial Assistance, and
have issued our report thereon dated May 25, 1995.
We conducted our audits in accordance with generally accepted auditing
standards, Government Auditing standards, issued by the Comptroller General
of the United States; and the Office of Management and Budget (OMB)
Circular A -128, "Audits of State and Local Governments." Those standards
and OMB Circular A -128 require that we plan and perform the audit to
obtain reasonable assurance about whether the general purpose financial
statements are free of material misstatement and whether the City complied
with laws and regulations, noncompliance with which would be material to a
major federal financial assistance program.
In planning and performing our audits for the year ended December 31,
1994, we considered the internal control structure of the City in order to
determine our auditing procedures for the purpose of expressing our opinions
on the general purpose financial statements and on the compliance of the City
with requirements applicable to major programs and to report on the internal
control structure in accordance with OMB Circular A -128. This report
addresses our consideration of internal control structure policies and
procedures relevant to compliance with requirements applicable to federal
financial assistance programs, which are identified in the accompanying
Schedule of Federal Financial Assistance. We have addressed internal control
structure policies and procedures relevant to our audit of the general purpose
financial statements in a separate report dated May 25, 1995.
The management of the City is responsible for establishing and maintaining
an internal control structure. In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected benefits
and related costs of internal control structure policies and procedures. The
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against
loss from unauthorized use or disposition, that transactions are executed in
accordance with management's authorization and recorded properly to permit
the preparation of general purpose financial statements in accordance with
generally accepted accounting principles, and that federal financial
assistance programs are managed in compliance with applicable laws and
MEMBERS OF: AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS 150
SEC PRACTICE SECTION AND PRIVATE COMPANIES PRACTICE
SECTION OF THE AICPA DIVISION FOR CPA FIRMS
regulations. Because of inherent limitations in any internal control
structure, errors, irregularities, or instances of noncompliance may
nevertheless occur and not be detected. Also, projection of any evaluation of
the structure to future periods is subject to the risk that procedures may
become inadequate because of changes in conditions or that the effectiveness
of the design and operation of policies and procedures may deteriorate.
For the purpose of this report, we have classified the significant internal
control structure policies and procedures used in administering federal
financial assistance programs in the following categories:
Accounting Controls
1. Cash and investment balances
2. Revenue / receipts
3. Purchases / disbursements
4. External financial reporting
Controls Used in Administering Compliance with Laws and Regulations
1. General Controls
a. Political activity
b. Davis -Bacon Act
C. Civil rights
d. Cash management
e. Federal financial reports
f. Allowable costs
g. Drug -free Workplace Act
2. Specific Controls
a. Types of costs allowed or unallowed
b. Matching
C. Special tests and provisions
For all of the internal control structure categories listed above, we obtained
an understanding of the design of relevant policies and procedures and
determined whether they have been placed in operation, and we assessed
control risk.
During the year ended December 31, 1994, the City expended 51% of its total
federal financial assistance under major federal financials assistance
programs.
We performed tests of controls, as required by OMB Circular A -128, to
evaluate the effectiveness of the design and operation of internal control
structure policies and procedures that we considered relevant to preventing
or detecting material noncompliance with specific requirements, general
requirements, and requirements governing claims for advances and
reimbursements and amounts claimed or used for matching that are applicable
to the City's major federal financial assistance program, which is identified
in the accompanying Schedule of Federal Financial Assistance. Our
procedures were less in scope than would be necessary to render an opinion
on these internal control structure policies and procedures. Accordingly, we
do not express such an opinion.
151
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of
Certified Public Accountants. A material weakness is a reportable condition
in which the design or operation of one or more of the internal control
structure elements does not reduce to a relatively low level the risk that
noncompliance with laws and regulations that would be material to a federal
financial assistance program may occur and not be detected within a timely
period by employees in the normal course of performing their assigned
functions. We noted no matters involving the internal control structure and
its operation that we consider to be material weaknesses as defined above.
This report is intended for the
information of the
Mayor,
Board of City
Commissioners and management of
the City of Salina,
Kansas.
However, this
report is a matter of public record
and its distribution
is not
limited.
Salina, Kansas
May 25, 1995
Respectfully submitted,
152
This page intentionally left blank
KENNEDY AND COE, LLC
CERTIFIED PUBLIC ACCOUNTANTS
applied procedures to test the
compliance of the City
OFFICES IN
HOME OFFICE:
KANSAS
P. O. BOX 1100
NEBRASKA
SALINA, KANSAS 67402 -1100
OKLAHOMA
913 -825 -1561
COLORADO
INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH
THE GENERAL REQUIREMENTS APPLICABLE TO
FEDERAL FINANCIAL ASSISTANCE PROGRAMS
To the Mayor and
The Board of City Commissioners
City of Salina, Kansas:
We have audited the general purpose financial statements of the City of
Salina, Kansas, as of and for the year ended December 31, 19,94, and have
issued our report thereon dated May 25, 1995, which expressed reliance on
reports of other auditors.
We have
applied procedures to test the
compliance of the City
of Salina,
Kansas,
with the following requirements
applicable to each of
its federal
financial
assistance programs, which are identified in the Schedule
of Federal
Financial
Assistance, for the year ended
December 31, 1994:
political
activity,
Davis -Bacon Act, civil rights,
cash management, federal financial
reports,
allowable costs, and Drug -Free
Workplace Act. We did
not apply
procedures to the federal programs of the
Salina Housing Authority
and Salina
Airport Authority which were audited and
reported by other auditors.
Our procedures were limited to the applicable procedures described in the
Office of Management and Budget's "Compliance Supplement for Single Audits
of State and Local Governments." Our procedures were substantially less in
scope than an audit, the objective of which is the expression of an opinion on
the City's compliance with the requirements listed in the preceding
paragraph. Accordingly, we do not express such an opinion.
With respect to the items tested, the results of those procedures disclosed no
material instances of noncompliance with the requirements listed :in the second
paragraph of this report. With respect to items not tested, nothing came to
our attention that caused us to believe that the City of Salina, Kansas, had
not complied, in all material respects, with those requirements. Also, the
results of our procedures did not disclose any immaterial instances of
noncompliance with those requirements.
This report is intended for the
information of the
Mayor,
Board of City
Commissioners and management of
the City of Salina,
Kansas.
However, this
report is a matter of public record
and its distribution
is not
limited.
Respectfully submitted,
Salina, Kansas f�
May 25, 1995 L G C
MEMBERS OF: AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS 153
SEC PRACTICE SECTION AND PRIVATE COMPANIES PRACTICE
SECTION OF THE AICPA DIVISION FOR CPA FIRMS
KENNEDY AND COE, LLC
CERTIFIED PUBLIC ACCOUNTANTS
OFFICES IN
HOME OFFICE:
KANSAS
P. O. BOX 1100
NEBRASKA
SALINA, KANSAS 67402 -1100
OKLAHOMA
913625 -1561
COLORADO
INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH
SPECIFIC REQUIREMENTS APPLICABLE TO MAJOR
FEDERAL FINANCIAL ASSISTANCE PROGRAMS
To the Mayor and
The Board of City Commissioners
City of Salina, Kansas:
We have audited the financial statements of the City of Salina, Kansas, as of
and for the year ended December 31, 1994, and have issued our report
thereon dated May 25, 1995, which expressed reliance on reports of other
auditors.
We have also audited the City's compliance with the requirements governing
types of costs allowed or unallowed; matching; special tests and provisions
and claims for advances and reimbursements that are applicable to its major
federal financial assistance program, which is identified in the accompanying
Schedule of Federal Financial Assistance, for the year ended ]December 31,
1994, except that we did not audit the federal programs of the Salina Housing
Authority and Salina Airport Authority which were audited and reported by
other auditors. The management of the City is responsible for the City's
compliance with those requirements. Our responsibility is to express an
opinion on compliance with those requirements based on our audit.
We conducted our audit of compliance with those requirements in accordance
with generally accepted auditing standards, Government Auditing Standards,
issued by the Comptroller General of the United States; and the Office of
Management and Budget (OMB) Circular A -128, "Audits and State and Local
Governments." Those standards and OMB Circular A -128 require that we
plan and perform the audit to obtain reasonable assurance about whether
material noncompliance with the requirements referred to above occurred. An
audit includes examining, on a test basis, evidence about the City's
compliance with those requirements. We believe that our audit provides a
reasonable basis for our opinion.
The results of our audit procedures did not disclose any immaterial instances
of noncompliance with the requirements referred to above.
In our opinion, the City of Salina, Kansas
with the requirements governing types
matching; special tests and provisions;
reimbursements that are applicable to its
program, which is identified in the Schedu
for the year ended December 31, 1994.
complied, in all material respects,
of costs allowed or unallowed ;
and claims for advances and
major federal financial assistance
le of Federal Financial Assistance,
MEMBERS OF: AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
154 SEC PRACTICE SECTION AND PRIVATE COMPANIES PRACTICE
SECTION OF THE AICPA DIVISION FOR CPA FIRMS
This report is intended for the information of the Mayor, Board of City
Commissioners and management of the City of Salina, Kansas. However, this
report is a matter of public record and its distribution is not limited.
Salina, Kansas
May 25, 1995
Respectfully submitted,
155
CITY OF SALINA
Salina, Kansas
SCHEDULE OF INDEPENDENT AUDITORS' FINDINGS
AND QUESTIONED COSTS
Year Ended December 31, 1994
Program Findings /Noncompliance Questioned'. Costs
None
This schedule does not include any findings or questioned costs of the Salina
Housing Authority and Salina Airport Authority, which are considered to be
discrete component units of the City of Salina. The federal Financial
assistance of the Salina Housing Authority and Salina Airport Authority has
been audited and reported by other auditors.
156
KENNEDY AND COE , LLC
R MICHAEL BEATTY.C.P.A. CERTIFIED PUBLIC ACCOUNTANTS KURDS G.SIEMERS,C.P.A.
CHIEF EXECUTIVE OFFICER UNITED BUILDING P.O.BOX 1100 MEMBER-IN-CHARGE
P.O.BOX 1100.SAUNA KS 67402-1100 SAUNA,KANSAS 87402-1100
PHONE: (9131825-1561 ALLEN WEBBER.C.P.A..MEMBER
OFFICES FAX:(913)825-5371 GERALD L.HUNTER C.P.A..MEMBER
KANSAS: DALE A.HEVSZEL.C.P.A..MEMBER
ANTHONY COLBY SHANNON L.BUCHANAN,C.P.A..MEMBER
CONCORDIA GARDEN CITY SHARON K.SMITH.CPA.MEMBER
GOOOLAND GREAT BEND GARY 1.RODGERS.J.D..C.P.A..MEMBER
MARYSVILE OVERLAND PARK
PRATT SAUNA
SCOTT CITY SMITH CENTER DAVID J.MILLS.C.P.A..PRINCIPAL
TOPEKA WICHITA -
COLORADO: September 21, 1994 JOHN W.PODS C.P.A.DEWED!
LAMAR WMY L.M.MERIT.C.P.A.IIETIREDI
MONTE VISTA PALL A MOTT.CPA(RETIRED)
ADLEY OKLAHOMA; NEBRASKA: DON P.LIMERICK CCPA(RETIRED))
ALVA MCCOOK ROBERT D.WIBLR,CPA(RETIRED)
The Honorable Mayor
and The City Commissioners I)
City of Salina I
Salina, Kansas O `
We propose to audit the general purpose financial statements of the City of Salina, Kansas as of and
for the year ended December 31, 1994. Also, the financial statements document will include the
following additional information that will be subjected to the auditing procedures applied in our audit of
the general purpose financial statements.
1. Schedule of Receipts, Expenditures, and Changes in Unencumbered Cash Compared with
Budget (Statutory Basis) - By Fund
2. Combining and Individual Fund and Account Group Statements - By Fund Type
3. Schedule of Federal Financial Assistance
We understand the Finance Department will prepare a Comprehensive Annual Financial Report
(CAFR) for the City for the year 1994. Such report would include, in addition to the general purpose
financial statements and additional information described above, certain statistical information and an
introductory section. Such statistical information and the introductory section will not be subjected to
auditing procedures.
The scope of our audit will include all funds of the City except:
Salina Airport Authority
Salina Housing Authority
Salina - Saline County Board of Health
Saline County - City Building Authority
It is our understanding that the above organizations have contracted for separate audits of their
operations.
The Salina Airport Authority and the Salina Housing Authority are considered component units of the
City for financial reporting purposes under the provisions of Statement No. 14 of the Governmental
Accounting Standards Board, "The Financial Reporting Entity." Accordingly, the financial information
of the Salina Airport Authority and the Salina Housing Authority will be included in the City's CAFR for
the year 1994. Since these organizations have contracted for separate audits, we will make reference
to the reports of the other auditors in our opinion on the City's financial statements.
MEMBERS OF:AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
SEC PRACTICE SECTION AND PRIVATE COMPANIES PRACTICE
SECTION OF THE AICPA DIVISION FOR CPA FIRMS
The Honorable Mayor
and The City Commissioners
City of Salina
September 21, 1994
Page 2
Salina-Saline County Board of Health and Saline County-City Building Authority are joint ventures
under the provisions of Statement No. 14. Accordingly, appropriate disclosures are to be included in
the notes to financial statements regarding these entities. In addition, the Salina Public Library, is
considered a related organization under the provisions of Statement No. 14 which will require
additional disclosures in the notes to financial statements.
Our audit will be a Single Audit conducted in accordance with generally accepted auditing standards;
the standards for financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States; the Single Audit Act of 1984; the provisions of OMB Circular
A-128, "Audits of State and Local Governments;" and the Kansas Municipal Audit Guide, and will
include tests of the accounting records of the City of Salina and other procedures we consider
necessary to enable us to express an opinion as to whether the financial statements are fairly
presented, in all material respects, in conformity with generally accepted accounting principles and to
report on the Schedule of Federal Financial Assistance and on the City's compliance with laws and
regulations and its internal controls as required for a Single Audit.
It is our understanding that the funds subject to OMB Circular A-128 requirements for 1994 are (1)
Environmental Protection Agency Grant - Construction Grant for Wastewater Treatment Works, (2)
Community Development Block Grant - Small Cities Program, (3) Economic Development
Administration Grant - Boundary Roads at KSU-Salina, (4) Certain Police Grants, (5) Fair Housing
Assistance, and (6) National Endowment for the Arts - Museum.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the
accounts, and may include tests of the physical existence of inventories, and direct confirmation of
receivables and certain other assets and liabilities by correspondence with selected individuals,
creditors, and financial institutions. At the conclusion of our audit, we will also request certain written
representations from management about the financial statements and related matters.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements; therefore, our audit will involve judgment about the number of transactions to be
examined and the areas to be tested. Also, we will plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstatement. As required by
the Single Audit Act of 1984, our audit will include tests of transactions related to federal assistance
programs for compliance with applicable laws and regulations. However, because of the concept of
reasonable assurance and because we will not perform a detailed examination of all transactions,
there is a risk that material errors, irregularities, or illegal acts, including fraud and defalcations, may
exist and not be detected by us. We will advise you, however, of any matters of that nature that come
to our attention, and will include such matters in the reports required for a Single Audit.
We understand that you will provide us with the basic information required for our audit and that you
are responsible for the accuracy and completeness of that information. We may advise you about
appropriate accounting principles and their application and may assist in the preparation of your
financial statements, but the responsibility for the financial statements remains with you. This
responsibility includes the maintenance of adequate records and related internal control structure
policies and procedures, the selection and application of accounting principles, and the safeguarding
of assets.
•
•
The Honorable Mayor
and The City Commissioners
City of Salina
September 21, 1994
Page 3
We anticipate that management and employees will cooperate in any way reasonable in furnishing
information, contracts, and other documents, preparing schedules and other analyses, and locating
supporting documents in connection with the audit. In order to facilitate the efficient conduct of our
work, we will provide the Director of Finance our requirements for audit documentation, schedules and
analyses, and develop a schedule for when such information is to be available. We also understand
that the Finance Department will prepare the financial statements and supplemental information,
complete with applicable notes to financial statements, in a format suitable for publication.
Management has asked us to give you a maximum fee for the audit of the financial statements for the
year ended December 31, 1994, based on the assumption that no accounting or bookkeeping
services are required in connection with the engagement and our services are comprised of auditing
the financial statements as prepared by the Finance Department. We anticipate that the financial
statements and supplemental information will be ready for publication, complete with appropriate
footnotes and other disclosures required by generally accepted accounting principles for governments
as of April 15, 1995, at which time we will commence our final field work.
Our fee for services rendered for the engagement described in the preceding paragraphs will be
computed at our standard billing rates. However, our fee for this engagement will not exceed
$25,000.
In the event that circumstances would arise that would cause management to request additional
services in connection with the audit (such as preparation of requested schedules or analyses,
preparation of estimates required for the financial statements and related adjustments, application of
accounting principles, drafting of individual financial statements or notes to financial statements), such
services will be provided at our standard hourly rates; the average hourly rate charged for such
requested services will not exceed $75.00. We will give the assistance needed to help the Finance
Department personnel perform any of these types of tasks; however, such assistance will be
considered outside the maximum audit fee.
We appreciate the opportunity to be of service to the City of Salina and believe this letter accurately
summarizes the significant terms of our engagement. If you have any questions, please let us know.
If you agree with the terms of our engagement as described in this letter, please sign the enclosed
copy and return it to us.
Very truly yours,
Certified PuHffc Accountants
The Honorable Mayor
and The City Commissioners
City of Salina
September 21, 1994
Page 4
This letter correctly sets forth the understanding of the City of Salina, Kansas.
Accepted this:(the day of`' / aQ , 1994.
d , I /e.
"(!yor- CJ of Salina, ansas
(perk -ph/ of Salina, Kt as
STATE OF KANSAS
' _ __ DEPARTMENT OF ADMINISTRATION _ _
DIVISION OF ACCOUNTS AND REPORTS
July 14, 1994
KENNEDY & COE LLC
PO BOX 1100
SALINA KS 67402-1100
In regard to the audit of : CITY OF SALINA
The following described audit report has been filed as a
public record in the office of the Director of Accounts
and Reports as required by K.S.A. 75-1124 .
Audit Period (Year Ended ) : 931231
Date Received in This Office: 940714
Certified Public Accountant in Charge of Audit:
DAVID J MILLS CPA ID (Cert. ) No. : 2682
Very truly yours,
James R. Cobler, Director
Division of Accounts and Reports
l
by _v'"`'i' eza4,2„
Chief , Municipal Accounting Section
This copy to be attached to voucher and filed with clerk of municipality.
AR-102 ( 10-1-87)
KENNEDY AND COE , LLC
R LBO(AEL BEATTY,CPA CERTIFIED PUBLIC ACCOUNTANTS KIPRIS O.SIEMERS,CPA
CHEF IDOCUOVE OFFICER UNITED BUILDING P.O.BOX 1100 MEINER4N-CHARGE
P.O.BOX 110G.SAUNA.KS 87402-1100 SALINA.KANSAS 67402-1100
PHONE: (913)825-1581 AUDI WEBBER.CPA.MEMBER
OFFICES FAX:(913)825-5371 GERALD L.HNTER,CPA,MEMBER
KANSAS: DALE A.FEVSZEL,C.PA,MEMBER
MTKYJY COLBY SHAIN N L.BUCHAIAN,C.PA,MEMBER
CONCORDN WIDEN CITY SIWRON K.SMTTH,CPA,MEMBER
GOODLAND GREAT BOO GARY L.RODGERS.J.D..C.PA.MEMBER
MNYSVRLE PRATT
SAL_ SCOTT CITY
SMITH CORER TOPEKA R.BARTON FARMER,PRPCPAL
WICHITA DAVID J.MILLS,CPA,PRINCIPAL
cOLOFLWC: July 12, 1994 _
ONO WRAY JON W.PODS,C.PA(RETIRED)
MC TE VISTA Lit MERTZ,C.PA(RETIRED)
OKLAHOMA: NEBRASKA PRA A ACTT,CPA(RETIRED)
ALVA MCCOOK ADLEY E.JOHNSON.C.PA(RETIRED)
DON P.OEDERICN CPA(RETIRED)
ROBERT D.WILPLIR,CPA(RETIRED)
Municipal al nt of Administration
Section #S, D Department of Administration
Division of Accounts and Reports
Room 253, Landon State Office Bldg.
_ir
Topeka, KS 66612-1248
Enclosed please find two copies of the Comprehensive Annual Financial Report of the City of
Salina, Kansas, for the year ended December 31,.1993, and our reports thereon. We
understand one copy of the CAFR will be forwarded to the National Clearinghouse for Single
Audit Reports.
Very truly yours,
Zaaab
Certified Public Accountant
DJ M/tlb/s52920/4tbltr.doc
Enc.
Copy: Mr. Robert K. Biles
Director of Finance
300 West Ash
Salina, KS 67401
MEMBERS OF:AMERICAN INSTITUTE OF CERTIFlED PUBLIC ACCOUNTANTS
SEC PRACTICE SECTION AND PRIVATE COMPANIES PRACTICE
SECTION OF THE AICPA DIVISION FOR CPA FIRMS
CITY OF SALINA
0 REQUEST FOR COMMISSION ACTION DATE TIME
9/26/94 4:00P.M.
AGENDA SECTION: ORIGINATING DEPARTMENT: APPROVED FOR
NO. AGENDA:
8 Finance
ITEM:
NO. 2 Robert K. Biles � '
BY: in BY:
Resolution Number 94-4798, authorizing the Mayor to execute an agreement
between the City of Salina and Kennedy and Coe, Certified Public Accountants,
for an audit of City records for the year ending December 31, 1994.
Kennedy and Coe has presented the City - with a proposal to audit the 1994
financial statements. The proposal reflects the work required for Kennedy and
Coe to give an opinion on our financial statements when presented in
accordance with generally accepted accounting principles (GAAP) . Under this
proposal, City staff will be responsible for the preparation of numerous
workpapers for the auditors. City staff will also be responsible for the
preparation of GAAP and statutory basis financial statements and the
. accompanying footnotes.
The proposal establishes a maximum fee of $25,000. Should city staff require
• assistance in preparation of some schedules or footnotes, Kennedy and Coe will
perform the work at a rate not to exceed $75 per hour. As this is outside the
audit fee, we will do our best to minimize the time required. Kennedy and
Coe's proposal is attached.
Kennedy and Coe representatives will be in attendance to discuss their proposal.
Recommended Action
Adopt Resolution Number 94-4798, authorizing the Mayor to execute an
agreement between the City of Salina and Kennedy and Coe for an audit of the
1994 financial statements in an amount not to exceed $25,000.
COMMISSION ACTION
MOTION BY SECOND BY
THAT:
• RESOLUTION NUMBER 94-4798
A RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE AND THE
CITY CLERK TO ATTEST AN AGREEMENT BETWEEN THE CITY OF SALINA,
KANSAS AND KENNEDY AND COE, CERTIFIED PUBLIC ACCOUNTANTS, FOR.
AN AUDIT OF CITY RECORDS FOR THE YEAR ENDING DECEMBER 31, 1994,
:1 FOR A COST NOT TO EXCEED TWENTY-FIVE THOUSAND DOLLARS ($25,000).
BE IT RESOLVED by the Governing Body of the City of Salina,
'I Kansas:
Section 1 . That the Mayor and City Clerk of the City of Salina, .
1 Kansas are hereby authorized to execute an agreement between the City ofl
Salina, Kansas and Kennedy and Coe, Certified Public Accountants, for an
audit of city records for the year ending December 31 , 1994, at a cost not to
exceed twenty-five thousand dollars ($25,000) .
Adopted by the Board of Commissioners and signed by the Mayor this
ii 26th day of September, 1994.
Joseph A. Warner, Mayor
:: (SEAL)
ATTEST:
! Judy D. Long, City Clerk
I
ri
Ii
•
•
•
KENNEDY AND COE , LLC
R MICHAEL NATTY.C.P.A. CERTIFIED PUBUC ACCOUNTANTS
CKEf EXECUTIVE OFFICER [NT]O.0040121.
®
UNITED SDK 1100,SAUNA.ES 07401.1 IDUNITED BURRING P.O.BOX 1100 uEMBEAnA CPM11pf
SAUNA.KANSAS 67402.1100
OFFICES PHONE: 19131025-1561 ALLFJI WEBBFR C.P.A..•111411E,
KANSAS: FAX:1917)625.5371 GERALD L HUNTER.C./1.MEMBER
ANTHONY COLEY DALI A.HEUSEL CPA..MEMBER
CDHCOIIDU CITY
9ME0/DN L.BUCHANAN,C.PA..MEMBER
GO000 GREAT CI SHARON K.SMITH.C.P.A..MEMBER
UARYSVILy( OVEPUED PAY GARY L RODG[RB,ID..C.P.A..MEMOIR
—
PRATT SAUNA
SCOTT CITY SMITH CENTER
TOPEKA WICHITA DAVID J.MILL CAA..PRINCIPAL
—
COLORADO September 21, 1994
N
LAMM WIMP Y JOHN W.NOS C.P.A.ItETUEDI
HOME VISTA IN.MERIT.C.P.A.IRETIIE01
PALA A.1.1017.. C PA IRETREOI
AO
OKLAHOMA' NEBRASKALOUT E.J0111304.CPA MIMEO)
KVA yY, OOR 0.ML&CON P. C.PA IREEIRE01
ROBERT 0.WILBUR.CPA(RETIRED/
The Honorable Mayor
and The City Commissioners
City of Salina
Salina, Kansas
We propose to audit the general purpose financial statements of the City of Salina, Kansas as of and
for the year ended December 31, 1994. Also, the financial statements document will include the
following additional information that will be subjected to the auditing procedures applied in our audit of
the general purpose financial statements.
1. Schedule of Receipts, Expenditures, and Changes in Unencumbered Cash Compared with
Budget (Statutory Basis) - By Fund
• 2. Combining and Individual Fund and Account Group Statements - By Fund Type
3. Schedule of Federal Financial Assistance
We understand the Finance Department will prepare a Comprehensive Annual Financial Report
(CAFR) for the City for the year 1994. Such report would include, in addition to the general purpose
financial statements and additional information described above, certain statistical information and an
introductory section. Such statistical information and the introductory section will not be subjected to
auditing procedures.
The scope of our audit will include all funds of the City except:
Salina Airport Authority
Salina Housing Authority
Salina - Saline County Board of Health
Saline County- City Building Authority
It is our understanding that the above organizations have contracted for separate audits of their
operations.
The Salina Airport Authority and the Salina Housing Authority are considered component units of the
City for financial reporting purposes under the provisions of Statement No. 14 of the Governmental
Accounting Standards Board, "The Financial Reporting Entity." Accordingly, the financial information
of the Salina Airport Authority and the Salina Housing Authority will be included in the City's CAFR for
the year 1994. Since these organizations have contracted for separate audits, we will make reference
® to the reports of the other auditors in our opinion on the City's financial statements.
MEMBERS OF:AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
SEC PRACTICE SECTION AND PRIVATE COMPANIES PRACTICE
SECTION OF THE AICPA DIVISION FOR CPA FIRMS
•
The Honorable Mayor
and The City Commissioners
City of Salina
September 21, 1994
Page 2
Salina-Saline County Board of Health and Saline County-City Building Authority are joint ventures
under the provisions of Statement No. 14. Accordingly, appropriate disclosures are to be included in
the notes to financial statements regarding these entities. In addition, the Salina Public Library, is
considered a related organization under the provisions of Statement No. 14 which will require
additional disclosures in the notes to financial statements.
Our audit will be a Single Audit conducted in accordance with generally accepted auditing standards;
the standards for financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States; the Single Audit Act of 1984; the provisions of OMB Circular
A-128, "Audits of State and Local Governments;" and the Kansas Municipal Audit Guide, and will
include tests of the accounting records of the City of Salina and other procedures we consider
necessary to enable us to express an opinion as to whether the financial statements are fairly
presented, in all material respects, in conformity with generally accepted accounting principles and to
report on the Schedule of Federal Financial Assistance and on the City's compliance with laws and
regulations and its internal controls as required for a Single Audit.
It is our understanding that the funds subject to OMB Circular A-128 requirements for 1994 are (1)
Environmental Protection Agency Grant - Construction Grant for Wastewater Treatment Works, (2)
Community Development Block Grant - Small Cities Program, (3) Economic Development
Administration Grant - Boundary Roads at KSU-Salina, (4) Certain Police Grants, (5) Fair Housing
Assistance, and (6) National Endowment for the Arts - Museum.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the
accounts, and may include tests of the physical existence of inventories, and direct confirmation of
receivables and certain other assets and liabilities by correspondence with selected individuals,
creditors, and financial institutions. At the conclusion of our audit, we will also request certain written
representations from management about the financial statements and related matters.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements; therefore, our audit will involve judgment about the number of transactions to be
examined and the areas to be tested. Also, we will plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstatement. As required by
the Single Audit Act of 1984, our audit will include tests of transactions related to federal assistance
programs for compliance with applicable laws and regulations. However, because of the concept of
reasonable assurance and because we will not perform a detailed examination of all transactions,
there is a risk that material errors, irregularities, or illegal acts, including fraud and defalcations, may
exist and not be detected by us. We will advise you, however, of any matters of that nature that come
to our attention, and will include such matters in the reports required for a Single Audit.
We understand that you will provide us with the basic information required for our audit and that you
are responsible for the accuracy and completeness of that information. We may advise you about
appropriate accounting principles and their application and may assist in the preparation of your
financial statements, but the responsibility for the financial statements remains with you. This
responsibility includes the maintenance of adequate records and related internal control structure
policies and procedures, the selection and application of accounting principles, and the safeguarding
®of assets. _
•
•
• The Honorable Mayor
•
and The City Commissioners
® City of Salina
September21, 1994
Page 3
We anticipate that management and employees will cooperate in any way reasonable in furnishing
information, contracts, and other documents, preparing schedules and other analyses, and locating
supporting documents in connection with the audit. In order to facilitate the efficient conduct of our
work, we will provide the Director of Finance our requirements for audit documentation, schedules and
analyses, and develop a schedule for when such information is to be available. We also understand
that the Finance Department will prepare the financial statements and supplemental information,
complete with applicable notes to financial statements, in a format suitable for publication.
Management has asked us to give you a maximum fee for the audit of the financial statements for the
year ended December 31, 1994, based on the assumption that no accounting or bookkeeping
services are required in connection with the engagement and our services are comprised of auditing
the financial statements as prepared by the Finance Department. We anticipate that the financial
statements and supplemental information will be ready for publication, complete with appropriate
footnotes and other disclosures required by generally accepted accounting principles for governments
as of April 15, 1995, at which time we will commence our final field work.
Our fee for services rendered for the engagement described in the preceding paragraphs will be
computed at our standard billing rates. However, our fee for this engagement will not exceed
$25,000.
® In the event that circumstances would arise that would cause management to request additional
services in connection with the audit (such as preparation of requested schedules or analyses,
preparation of estimates required for the financial statements and related adjustments, application of
accounting principles, drafting of individual financial statements or notes to financial statements), such
services will be provided at our standard hourly rates; the average hourly rate charged for such
requested services will not exceed $75.00. We will give the assistance needed to help the Finance
Department personnel perform any of these types of tasks; however, such assistance will be
considered outside the maximum audit fee.
We appreciate the opportunity to be of service to the City of Salina and believe this letter accurately
summarizes the significant terms of our engagement. If you have any questions, please let us know.
If you agree with the terms of our engagement as described in this letter, please sign the enclosed
copy and return it to us.
Very truly yours,
Certified Public ccountants
• The Honorable Mayor
and The City Commissioners
® City of Salina
September21, 1994
Page 4
This letter correctly sets forth the understanding of the City of Salina, Kansas.
Accepted this_ day of , 1994.
Mayor- City of Salina, Kansas
City Clerk - City of Salina, Kansas
•
•