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FY1998 Audit Report CityCITY OF BLAIR, NEBRASKA SEPTEMBER 30, 1998 EDWA RD W. SO-HROEDER CERTIFIED PUBLIC ACCOUNTANT 1904 SOUTH STREET BOX 486 BLAIR, NEBRASKA 68008 Honorable Mayor and Members of the City Council City of Blair, Nebraska Gentlemen: January 18, 1999. "Independent Auditor's Report" RESIDENCE: (402) 468-5263 OFFICE: (402.) 426-4080 I have audited the accompanying general-purpose financial statements and the combining, individual fund, and account group statements of the City of Blair, Nebraska as of and for the years ended September 30, 1997 and 1998, as listed in the table of contents. These financial statements are the respon- sibility of the City of Blair's management. My responsibility is to express an opinion on these financial statements based on my audit. I conducted my audit in accordance with generally accepted auditing stan- dards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstate- ment. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the 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. I believe that my audit provides a reasonable basis for my opinion. In my opinion, the general-purpose financial statements referred to above present fairly, in all material respects, the financial position of the City of Blair, Nebraska as of September 30, 1997 and 1998, and the results of its operations and the cash flows of its proprietary fund types and nonexpendable trust funds for the years then ended in conformity with generally accepted accounting principles. Also, in my opinion, the combining, individual fund, and account group financial statements referred to above present fairly, in all material respects, the financial position of each of the individual funds and account groups of the City of Blair, Nebraska, at September 30, 1997 and Sep- tember 30, 1998, and the results of operations of such funds and the changes in cash flow of the individual proprietary funds for the years then ended, in conformity with generally accepted accounting principles. In accordance with Government Auditing Standards, I have also issued my report dated January 18, 1999 on my consideration of the City of Blair's inter- nal control over financial reporting and my tests of its compliance with cer- tain provisions of laws, regulations, contracts and grants. Mayor and Members of the City Council January 30, 1999 Page 2 My audit was performed for the purpose of forming an opinion on the gener- al-purpose financial statements of City of Blair, Nebraska, taken as a whole and the combining, individual fund, and account group statements. The accompa- nying supplemental schedules listed in the forgoing table of contents are presented for the purpose of additional analysis, and are not a required part of the general-purpose financial statements. Such information has been sub- jected to the auditing procedures applied in the audit of the general-purpose financial statements and, in my opinion, is fairly stated, in all material respects, in relation to the general-purpose financial statements taken as a whole. Edward W. Schroeder Certified Public Accountant CITY OF BLAIR, NEBRASKA TABLE OF CONTENTS INDEPENDENT AUDITORS' REPORT Page 1-2 COMBINED STATEMENTS: Combined Balance Sheet - All Fund Types and Account [3-4 Groups Combined Statement of Revenue, Expenditures and Changes in Fund Balance - All Government Fund Types 5-6 Combined Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund 7 Combined Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - Debt Service Fund 8 Combined Statement of Revenues, Expenditures and ry_ Changes in Fund Balance - Budget and Actual - Special Revenue Fund 9 Combined Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - Capital Improvement Fund 10 Combined Statement of Revenues, Expenses and Changes in Retained Earnings/Fund Balance - Budget and Actual - All Proprietary Fund Types and Similar Trust Funds 11 General Fixed Assets Account Group: Statement of General Fixed Assets 12 Statement of Changes in General Fixed Assets 13 General Long -Term Debt Account Group: Statement of General Obligation Bonds Principal and Interest Requirements by Year of Maturity 14 Statement of Changes in General r g Long -Term Debt 15 Combined Statement of Cash Flow - All Proprietary Fund Types and Similar Trust Funds 16 Comparative Combined Balance Sheets - General and Special Revenue Funds 17 Comparative Combined Balance Sheets - Debt Service and Capital Improvement Funds 18 Comparative Combined Balance Sheets - Enterprise and General Insurance Funds 19 Comparative Combined Balance Sheets - General Fixed Assets and General Long -Term Debt 20 Comparative Combined Statement of Revenues, Expenditures And Changes in Fund Balances - General and Special Revenue Funds 21 Comparative Combined Statement of Revenues, Expenditures And Changes in Fund Balances - Debt Services and Capital Improvements Funds 22 Comparative Combined Statement of Revenues, Expenditures And Changes in Retained Earnings/Fund Balances - Enterprise and Insurance Funds 23 CITY OF BLAIR, NEBRASKA TABLE OF CONTENTS NOTES TO FINANCIAL STATEMENTS Page 24-31 SPECIAL REVENUE FUNDS: Combining Balance Sheet 32 Combining Schedule of Revenues, Expenditures and Changes in Fund Balances - Special Revenue Funds 33 Individual Statement of Gross Proceeds Distribution and Changes in Fund Balance - Budget and Actual - Special Revenue Funds - Keno Fund 34 Individual Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - Street Fund 35 Individual Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - M.I.R.F Fund 36 Individual Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - Development Fund 37 Individual Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - Revolving Loan Fund 38 ENTERPRISE FUNDS: Combining Balance Sheet 39-40 Combining Statement of Revenues, Expenses, and Changes in Retained Earnings 41 Combining Statement of Cash Flow 42-43 Individual Statement of Revenues and Expenses - Budget and Actual - Water 44-45 Individual Statement of Revenues and Expenses - Budget and Actual - Sewer 46 SUPPORTING SCHEDULES: Schedule of General Fund Revenues - Budget and Actual 47 Schedule of General Fund Expenditures - Budget and Actual - Administration Department 48 Schedule of General Fund Expenditures - Budget and Actual - Contingency Allowance 49 Schedule of General Fund Expenditures - Budget and Actual - Police Department 50 Schedule of General Fund Expenditures - Budget and Actual - Cemetery 51 Schedule of General Fund Expenditures - Budget and Actual - Fire Department 52 Schedule of General Fund Expenditures - Budget and Actual - Park Department 53 Schedule of General Fund Expenditures - Budget and Actual - Library 54 CITY OF BLAIR, NEBRASKA TABLE OF CONTENTS G? Page Schedule of General Fund Expenditures - Budget and Actual - Supervised Recreation 55 Schedule of General Fund Expenditures - Budget and Actual - Swimming Pool 56 Schedule of General Fund Expenditures - Budget and Actual - Zoning 57 Schedule of General Fund Expenditures - Budget and Actual - Landfill 58 Schedule of General Fund Expenditures - Budget r and Actual - Animal Control 59 Schedule of General Fund Expenditures - Budget and Actual - Donated Funds 60 Schedule of Transfers 61 Compliance and Internal Control over Financial Reporting 62-63 ri H O) P+Ui N U' g 11 t",p 0 A ur 0 0 m 0 m N n s a a o ri o 11 U Ln U ub 4J rW rl 1 I I I I a w .� M b G) ❑U U C t!} m 0 m N n s d) rn a 11 U Ln Ln rW rl 1 I I I I a w .� M b G) ❑U U N o co a 4)$4 1 1 1 1 1 1 1 I I U tn• tc� H N b 0 a w S -I VU1 r Ot O N CV In O m .a m m m n m n m a .) to $4 W m In NH H w m H b I W a ri ra w kl AUC) Ln w m N OD0 op, w [� H W ra O P4 �+ V a A.) 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P4 'd Ned) � a7 H o oaf UUUaP4 a��am°a w ro v�'ar 44414 vv N NC 11 H W r1 u 1 1 a) d) ro H U roar 041A a .H d) bl bt to 0 'd pHq U R g 1 1 w N •,1 u H d) d) vo'd F, 0 N H N Id H H ++ q UAA u m •� •�I u v ro ro b v 4J 4J 0 H a a CITY OF BLAIR, NEBRASKA a COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE ALL GOVERNMENT FUND TYPES FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 Debt Special General Service Revenue Fund Fund Fund REVENUES: Taxes $1,102,865 $1,491,114 $ 18,736 Street revenues - - 801,433 Keno proceeds - - 64,935 Licenses and permits 142,993 - - Charges for services 94,903 - - Interest income 20,654 72,401 59,429 Grants 126,694 - - Other revenues 121,101 - - Total revenues 1,609,210 1,563,515 944,533 EXPENDITURES: Administration 349,449 695 Contingency allowance 14,998 - Police Department 733,712 - Cemetery 84,307 - Fire Department 60,623 - Parks Department 106,057 - Library 176,847 - Supervised recreation 32,280 - Swimming pool 12,114 - Zoning 84,700 - Landfill 14,651 - Animal control 40,594 - Donated funds 720 - Keno expense - - M.I.R.F. fund expenses - - Development expense - - Street expense - - Revolving loan - - Debt service: Bonding costs - 20,212 Redemption of bonds - 175,033 Bond interest - 162,564 Total expenditures 1,711,052 358,504 REVENUES OVER (UNDER) EXPENDITURES $ (101,842) $1,205,011 -continued- 32,866 52,093 873,022 338,520 1,296,501 Capital Improvement Fund 367,068 367,068 71,150 71,150 $ (351,968) $ 295,918 See Notes to Financial Statements (5) CITY OF BLAIR, NEBRASKA COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE ALL GOVERNMENT FUND TYPES FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 -continued- Debt Special Capital General Service Revenue Improvement Fund Fund Fund Fund REVENUES OVER (UNDER) EXPENDITURES $ (101,842) $1,205,011 $ (351,968) $ 295,918 OTHER FINANCING SOURCES (USES): Street district construction - - (959,725) - Bond proceeds - 1,741,150 - - Operating transfers - in 267,950 - 1,336,116 3,500 Operating transfers - out (3,500) (1,665,722) (49,627) (439,085) REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER USES 162,608 1,280,439 (25,204) (139,667) FUND BALANCE September 30, 1997 452,762 1,442,664 1,289,169 4,345,232 FUND BALANCE September 30, 1998 S 615,370 s2,723,lQa 1-,263,965 $4,205.565 See Notes to Financial Statements. (6) CITY OF BLAIR, NEBRASKA COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL GENERAL FUND FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 See Notes to Financial Statements. (7) Variance Favorable Budget Actual (Unfavorable) REVENUES: Taxes $1,040,365 $1,102,865 $ 62,500 Licenses and permits 92,100 142,993 50,893 Charges for services 120,690 94,903 (25,787) Interest income 11,000 20,654 9,654 Other revenues 481,870 247,795 (234,075) Total revenues 1,746,025 1,609,210 (136,815) EXPENDITURES: Administration 348,843 349,449 (606) Contingency allowance 25,000 14,998 10,002 Police Department 741,545 733,712 7,833 Cemetery 98,364 84,307 14,057 Fire Department 119,970 60,623 59,347 Parks Department 110,626 106,057 4,569 Library 196,126 176,847 19,279 Supervised recreation 157,720 32,280 125,440 Swimming pool 203,860 12,114 191,746 Zoning 99,817 84,700 15,117 Landfill 57,469 14,651 42,818 Animal control 131,946 40,594 91,352 Donated funds 5,467 720 4,747 Total expenditures 2,296,753 1,711,052 585,701 REVENUES OVER (UNDER) EXPENDITURES (550,728) (101,842) 448,886 OTHER FINANCING SOURCES (USES): Operating transfers - in 258,036 267,950 9,914 Operating transfers - out (3,500) (3,500) - REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER USES (296,192) 162,608 5�458.800� FUND BALANCE - SEPT 30, 1997 452,762 452,762 FUND BALANCE - SEPT 30, 1998 $ 156.570 S 615,370 See Notes to Financial Statements. (7) CITY OF BLAIR, NEBRASKA COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL DEBT SERVICE FUND FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 REVENUES: Taxes Special assessments Special assessment interest Developers down payments Interest income Other revenues Total revenues EXPENDITURES: Administration Bonding costs Redemption of bonds Bond interest Total expenditures REVENUES OVER (UNDER) EXPENDITURES OTHER FINANCING SOURCES (USES): Bond proceeds Operating transfers - in Operating transfers - out REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURE: Budget $ 43,853 136,801 40,500 298,000 15,000 534,154 2,377 130,000 147,283 279,660 254,494 2,691,000 (2,666,200) AND OTHER USES 279,294 FUND BALANCE - SEPT 30, 1997 1,442,664 FUND BALANCE - SEPT 30, 1998 $ 1_,72.1,958 Actual $ 46,586 1,204,256 50,514 189,758 72,401 1,563,515 695 20,212 175,033 162,564 358,504 1,205,011 1,741,150 (1,665,722) 1,280,439 1,442,664 $2,723,103 See Notes to Financial Statements. (8) Variance Favorable $ 2,733 1,067,455 10,014 (108,242) 57,401 1,682 (20,212) (45, 033) (15,281) (78, 844) 950,517 (949,850) 1,000,478 CITY OF BLAIR, NEBRASKA COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL SPECIAL REVENUE FUND FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 See Notes to Financial Statements. (9) Variance Favorable Budget Actual (Unfavorable) REVENUES: Sales Tax and M.I.R.F. $ 18,300 $ 18,736 $ 436 Keno net proceeds 60,000 64,935 4,935 Street revenues 683,669 801,433 117,764 Grants 585,000 - (585,000) Interest income 16,200 59,429 43,229 Total revenues 1,363,169 944,533 (418,636) EXPENDITURES: Keno expense 184,729 32,866 151,863 Development expenses 52,041 52,093 (52) Street expenses 1,270,678 873,022 397,656 MIRF expense 9,465 - 9,465 Revolving expenses 533,085 338,520 194,565 Total expenditures 2,049,998 1,296,501 753,497 REVENUES OVER (UNDER) EXPENDITURES (686,829) (351,968) 334,861 OTHER FINANCING SOURCES (USES): Street district construction (2,072,800) (959,725) 1,113,075 Operating transfers - in 2,292,800 1,336,116 (956,684) Operating transfers - out (17,000) (49,627) (32,627) REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER USES (483,829) (25,204) S 458,625 FUND BALANCE - SEPT 30, 1997 1,289,169 1,289,169 FUND BALANCE - SEPT 30, 1998 805,340 1,243.965 See Notes to Financial Statements. (9) CITY OF BLAIR, NEBRASKA COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL CAPITAL IMPROVEMENT FUND FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 FUND BALANCE - SEPT 30, 1998 See Notes to Financial Statements. (10) Variance Favorable Budget Actual (Unfavorable) REVENUES: Interest income $ 482,114 $ 367,068 $(115,046) EXPENDITURES: Cemetery mower 2,700 - 2,700 Cemetery paving 4,000 - 4,000 Park equipment 3,500 - 3,500 Heavy equipment 30,000 71,150 (41,150) Pool painting 7,000 - 7,000 Total expenditures 47,200 71,150 (23,950) REVENUES OVER (UNDER) EXPENDITURES 434,914 295,918 (138,996) OTHER FINANCING SOURCES (USES): Operating transfers - in 3,500 3,500 - Operating transfers - out (481,814) (439,085) 42,729 REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER USES (43,400) (139,667) $ 196,267) FUND BALANCE - SEPT 30, 1997 4,345,232 4,345,232 FUND BALANCE - SEPT 30, 1998 See Notes to Financial Statements. 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(12) 2,566 361,985 Total $1,135,972 167,839 184,797 624,139 840,905 197,175 26,023 502,119 15,000 25,952 871,615 203,404 54.794,940 CITY OF BLAIR, NEBRASKA STATEMENT OF CHANGES IN GENERAL FIXED ASSETS FOR THE YEAR ENDED SEPTEMBER 30, 1998 GENERAL FUND: Administration Police Cemetery Fire Park Library Supervised recreation Swimming pool Landfill Animal control SPECIAL REVENUE FUNDS - Street CAPITALIZED LEASE - Library TOTALS Balance Balance September 30 September 30 1997 Additions Dispositions 1998 $1,127,747 $ 11,871 $ (3,646) $1,135,972 163,535 19,180 (14,876) 167,839 184,797 - - 184,797 613,380 101759 - 624,139 828,139 12,766 - 840,905 173,786 23,389 - 197,175 26,023 - - 26,023 502,119 - - 502,119 15,000 - - 15,000 21,702 4,250 - 25,952 818,641 106,443 (53,469) 871,615 203,404 - - 203,404 4.678.273 188,658 (71,991} 4,794,940 See Notes to Financial Statements. (13) CITY OF BLAIR, NEBRASKA STATEMENT OF GENERAL OBLIGATION BONDS PRINCIPAL AND INTEREST REQUIREMENTS BY YEAR OF MATURITY SEPTEMBER 30, 1998 Year Ending Principal Interest September 30, Requirements Requirements Total 1999 $1,551,068 $126,617 $1,677,685 2000 229,340 89,320 318,660 2001 210,000 79,509 289,509 2002 220,000 69,728 289,728 2003 230,000 59,210 289,210 2004 240,000 48,115 288,115 2005 230,000 36,250 266,250 2006 200,000 24,620 224,620 2007 115,000 17,125 132,125 2008 75,000 11,361 86,361 2009 30,000 7,602 37,602 2010 35,000 5,997 40,997 2011 35,000 4,107 39,107 2012 40,000 $3,440.408 2,200 5581,761 42,200 4.022.169 See Notes to Financial Statements. (14) CITY OF BLAIR, NEBRASKA STATEMENT OF CHANGES IN GENERAL LONG-TERM DEBT FOR THE YEAR ENDED SEPTEMBER 30, 1998 Balance Balance Interest Sept 30 Sept 30 Dated Description Rate 1997 Additions Deductions 1998 10/15/91 Fire Department See Notes to Financial Statements. (15) bonds 5.00-6.20% $ 75,000 $ - $ 25,000 $ 50,000 2/15/94 Various purpose 3.00-4.70% 145,000 - 20,000 125,000 11/15/94 Street sweeper Loan 5.00% 19,291 - 19,291 - 3/01/95 Various purpose 5.10-5.95% 220,000 - 20,000 200,000 1/15/96 Various purpose 5,90-4.8% 715,000 - 65,000 650,000 6/15/97 Various purpose 4.45-5.50% 700,000 - - 700,000 10/15/97 BANS 4.3% - 1,295,000 - 1,295,000 10/24/97 Case Credit 5.7% - 71,150 25,742 45,408 6/1/98 Various purpose 4.10-4.85% - 375,000 - 375,000 TOTAL 1,874,291 $1,741,150 $175,033 $3,440,408 See Notes to Financial Statements. (15) CITY OF BLAIR, NEBRASKA COMBINED STATEMENT OF CASH FLOW ALL PROPRIETARY FUND TYPES AND SIMILAR TRUST FUNDS FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 General Enterprise Insurance Funds Funds CASH FLOW FROM OPERATIONS: Net operating income (loss) $ 726,871 $ (2,253) Adjustment to reconcile net income to net cash from operations: Depreciation 414,511 - Decrease (increase) in accounts receivable -user fees (28,070) - Decrease (increase) in accounts receivable -other 344 - Decrease (increase) in inventory 1,846 - Decrease (increase) in prepaid expenses 21 - Increase (decrease) in accounts payable 97,817 3,010 Decrease in accrued expenses 7,491 - Increase (decrease) in deposits payable (350) Net cash provided (used) by operations 1,220,481 757 CASH-FLOW FROM NON -CAPITAL FINANCING: Transfers - in 740,281 - Transfers - out (189,913) - Cash flow used by non -capital financing 550,368 - CASH FLOW FROM CAPITAL AND RELATED FINANCING: Payment of long-term debt (350,000) - Decrease (increase) in restricted assets 4,988 - Interest expense (289,691) - Bonding costs & grant fees - - Increase (decrease) in accrued interest payable (1,189) - Cash from (used in) financing (635,892) - CASH FLOW FROM INVESTING: Purchase of property (269,364) - Utility district construction (436,437) - Interest income 132,459 1,309 Decrease (increase) in accrued interest receivable (9,329) - Cash from (used by) investing (582,671) 1,309 NET INCREASE (DECREASE) IN CASH 552,286 2,066 CASH AND CASH EQUIVALENTS - Beginning of the period 1,044,371 24,795 CASH AND CASH EQUIVALENTS - End of the period $1,596,652 26,861 INTEREST PAID $ 290,880 See Notes to Financial Statements. (16) CITY OF BLAIR, NEBRASKA COMPARATIVE COMBINED BALANCE SHEETS GENERAL AND SPECIAL REVENUE FUNDS AS OF SEPTEMBER 30, 1997 AND SEPTEMBER 30, 1998 See Notes to Financial Statements. (17) SPECIAL GENERAL REVENUE FUNDS FUNDS 1997 1998 1997 1998 ASSETS Cash and equivalents $468,065 $655,444 $ - $ Receivables: Billed user fees - - - Accrued interest 1,639 843 2,330 - Other 18,401 - 673,579 595,407 Due from County Treasurer 49,450 53,063 18,762 19,393 Restricted assets - cash and investments - at cost - - 836,121 1,214,144 TOTAL ASSETS $537.555 5709.350 $1_530_,792 1,828,944 LIABILITIES Accounts payable $ 52,197 $ 50,722 $ 238,044 $ 561,649 Accrued expenses 19,496 32,058 3,579 3,330 Deposits payable 13,100 11,200 - - Revenue bonds payable - - - - Total Liabilities 84,793 93,980 241,623 564,979 FUND BALANCES Fund balance - reserved - - 1,289,169 1,263,965 Fund balance - unreserved 452,762 615,370 - - Total Fund Balances 452,762 615,370 1,289,169 1,263,965 TOTAL LIABILITIES AND FUND BALANCES $537,555 $709.350 1,530,792 1,828,944 See Notes to Financial Statements. (17) CITY OF BLAIR, NEBRASKA COMPARATIVE COMBINED BALANCE SHEETS DEBT SERVICE AND CAPITAL IMPROVEMENT FUNDS AS OF SEPTEMBER 30, 1997 AND SEPTEMBER 30, 1998 DEBT SERVICE FUNDS 1997 1998 ASSETS Cash and equivalents $ 613,115 $ 922,354 Receivables: Special assessments 1,073,554 2,012,854 Accrued interest - - Due from County Treasurer - 2,872 Contract receivable - OPPD 2,859 - TOTAL ASSETS 51,689,528 $2.938,080 LIABILITIES Accounts payable Accrued interest Registered warrants Total Liabilities FUND BALANCES CAPITAL IMPROVEMENT FUNDS 1997 1998 $ 43,337 $ 20,220 185,445 180,230 4,116,450 4,005,115 4,345,232 $4,205,565_ $ - $ 10,481- 3,169 57,947 - - 243,695 146,549 - - 246,864 214,977 - - Fund balance - reserved 1,442,664 2,723,103 Fund balance - unreserved - - TOTAL LIABILITIES AND FUND BALANCES $1,689,528 $2,938,080 4,345,232 4,205,565 4,345.232 $4,205,565 See Notes to Financial Statements. (18) See Notes to Financial Statements. (19) CITY OF BLAIR, NEBRASKA COMPARATIVE COMBINED BALANCE SHEETS ENTERPRISE AND GENERAL INSURANCE FUNDS AS OF SEPTEMBER 30, 1997 AND SEPTEMBER 30, 1998 GENERAL ENTERPRISE INSURANCE FUNDS FUNDS 1997 1998 1997 1998 ASSETS Cash and equivalents $ 1,044,371 $1,596,657 $ - $ - Receivables: Billed user fees 440,869 468,939 - - Accrued interest 25,221 34,550 - - Other 616 272 - - Inventory 23,000 21,154 - - Prepaid expenses 1,696 1,675 - - Restricted assets - cash and investments - at cost 819,338 814,350 24,795 26,861 Property - net of accumulated depreciation, where applicable 10,161,295 10,016,148 - - TOTAL ASSETS $12,516,406, $12,953,745 S 24,795 $ 26,861 LIABILITIES Accounts payable $ 86,457 $ 184,274 $ - $ 3,010 Accrued interest 99,090 97,901 - - Accrued expenses 16,463 23,954 - - Deposits payable 2,050 1,700 - - Revenue bonds payable 5,660',000 5,310,000 - - Total Liabilities 5,864,060 5,617,829 - 3,010 FUND BALANCES Contributed capital 4,825,934 4,825,934 - - Retained earnings - appropriated 819,338 814,350 - - Retained earnings - unappropriated 1,007,074 1,695,632 - - Fund balance - reserved - - 24,795 23,851 Total Fund Balances 6,652,346 7,335,916 24,795 23,851 TOTAL LIABILITIES AND FUND BALANCES $12,516,406 $12,953,745 S 24,795 S 26,861 See Notes to Financial Statements. (19) CITY OF BLAIR, NEBRASKA COMPARATIVE COMBINED BALANCE SHEETS GENERAL FIXED.ASSETS AND GENERAL LONG-TERM DEBT AS OF SEPTEMBER 30, 1997 AND SEPTEMBER 30, 1998 GENERAL GENERAL FIXED LONG-TERM ASSETS DEBT 1997 1998 1997 1998 ASSETS Property - net of accumulated depreciation, where applicable Amount available in Debt Service for general long-term debt retirement Amount to be provided for retirement of general long-term debt TOTAL ASSETS Bonds payable Total Liabilities FUND BALANCES Investment in general fixed assets TOTAL LIABILITIES AND FUND BALANCES $4,678,273 $4,794,940 $ - $ - - - 1,442,664 2,723,103 - 431,627 717,305 $4,678,2734,794.940 1,874,291 $3,440.408 $1,874,291 $3,440,408 - - 1,874,291 3,440,408 4,678,273 4,794,940 - - $4,678,273 $1,874,231 3,440.408 See Notes to Financial Statements. (20) CITY OF BLAIR, NEBRASKA COMPARATIVE COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GENERAL AND SPECIAL REVENUE FUNDS FOR THE YEARS ENDED SEPTEMBER 30, 1997 AND 1998 See Notes to Financial Statements (21) SPECIAL GENERAL REVENUE FUNDS FUNDS 1997 1998 1997 1998 REVENUES Taxes $1,062,798 $1,102,865 $ 18,542 $ 18,736 Keno net proceeds - - 743,482 64,935 Street revenues - - 70,308 801,433 Licenses and permits 119,994 142,993 - - Charges for services 139,000 94,903 - - Interest income 17,865 20,654 28,134 59,429 Grant 24,610, 126,694 1,005,903 - Other revenues 72,133 121,101 - - Total revenues 1,436,400 1,609,210 1,866,369 944,533 EXPENDITURES Administration 319,118 349,449 - - Contingency allowance - 14,998 - - Police Department 663,936 733,712 - - Cemetery 86,336 84,307 - - Fire Department 49,436 60,623 - - Parks Department 132,813 106,057 - - Library 185,470 176,847 - - Supervised recreation 26,928 32,280 - - Swimming pool 17,032 12,114 - - Zoning 73,087 84,700 - - Landfill 87,016 14,651 - - Animal control 42,932 40,594 - - Donated funds 4,576 720 - - Keno expenses - 30,767 32,866 M.I.R.F. fund - - - - Development - - 34,719 52,093 Street - - 1,034,884 873,022 Revolving loan - - 506,344 338,520 Total expenditures 1,688,680 1,711,052 1,606,714 1,296,501 REVENUES OVER (UNDER) EXPENDITURES (252,280) (101,842) 259,655 (351,968) OTHER FINANCING SOURCES (USES): Street District Construction - - - (959,725) Operating transfers - in 268,874 267,950 584,186 1,336,116 Operating transfers - out (12,902) (3,500) (17,000) (49,627) REVENUES AND OTHER FINANCIAL SOURCES OVER (UNDER) EXPENDITURES AND OTHER USES 3,692 162,608 826,841 (25,204) FUND BALANCE - BEGINNING 449,070 452,762 462,328 1,289,169 FUND BALANCE - ENDING S 452,762 S 615,370$1.28 769 $1,263,965 See Notes to Financial Statements (21) CITY OF BLAIR, NEBRASKA COMPARATIVE COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES DEBT SERVICES AND CAPITAL IMPROVEMENTS FUNDS FOR THE YEARS ENDED SEPTEMBER 30, 1997 AND 1998 REVENUES Taxes and special assessments Interest income Other revenues Total revenues EXPENDITURES Administration Heavy equipment Debt service: Bonding costs Redemption of bonds Bond interest Total expenditures REVENUES OVER (UNDER) EXPENDITURES OTHER FINANCING SOURCES (USES): Bond proceeds Operating transfers - in Operating transfers - out REVENUES AND OTHER FINANCIAL SOURCES OVER (UNDER) EXPENDITURES AND OTHER USES FUND BALANCE - BEGINNING FUND BALANCE - ENDING DEBT SERVICE FUNDS 1997 1998 $ 48,311 $1,301,356 24,506 72,401 240,446 189,758 313,263 1,563,515 459 695 12,600 20,212 138,380 175,033 117,878 162,564 269,317 358,504 43,946 1,205,011 700,000 1,741,150 (265,113)(1,665,722) 478,833 1,280,439 963,831 1,442,664 $1.442,664 52.723.103 CAPITAL IMPROVEMENT FUNDS 1997 1998 376,947 367,068 376,947 367,068 71,150 71,150 376,947 295,918 3,500 3,500 (484,515) (439,085) (104,068) (139,667) 4,449,300 4,345,232 $4,345,232 54,205,565 See Notes to Financial Statements (22) CITY OF BLAIR, NEBRASKA COMPARATIVE COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN RETAINED EARNINGS/FUND BALANCES ENTERPRISE AND INSURANCE FUNDS FOR THE YEARS ENDED SEPTEMBER 30, 1997 AND 1998 OPERATING REVENUES: User fees Sale of merchandise Insurance contributions Other Total EXPENSES: Personal services Operating expenses Materials and supplies Rental expense Depreciation Payments of insurance benefits Total OPERATING INCOME (LOSS) OTHER REVENUE (EXPENSE): Utility district construction Interest income Interest expense Bonding costs Operating transfers - in Operating transfers - out NET INCOME (LOSS) RETAINED EARNINGS/FUND BALANCE Beginning RETAINED EARNINGS/FUND BALANCE Ending ENTERPRISE INSURANCE FUNDS FUNDS 1997 1998 1997 1998 $2,317,429 $2,525,111 $ - $ - 17,680 12,669 - - - - 70,802 79,117 13,921 13,059 - - 2,349,030 2,550,839 70,802 79,117 557,285 600,438 - - 472,144 482,911 - - 351,570 324,567 - - 1,439 1,541 - - 408,909 414,511 - - - - 70,584 81,370 1,791,347 1,823,968 70,584 81,370 557,683 726,871 218 (2,253) (74,101) (436,437) 922 - 113,419 132,459 - 1,309 (293,485) (289,691) - - (350) - - - 260,971 740,281 - - (338,000) (189,913) - - 226,137 683,570 1,140 (944) 1,600,275 1,826,412 23,655 24,795 See Notes to Financial Statements (23) CITY OF BLAIR, NEBRASKA NOTES TO FINANCIAL STATEMENTS 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. Introduction: The City of Blair (City) complies with Generally Accepted Accounting Prin- ciples, (GAAP). The City's reporting entity applies relevant Governmental Accounting Standards Board (GASB) pronouncements. Proprietary funds and simi- lar component units apply FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) pro- nouncements and ACCOUNTING PRINCIPLES BOARD (APB) opinions issued on or before November 30, 1989 unless those pronouncements conflict with or contradict GASB pronouncements, in which case, GASB prevails. Implementation of a new accounting and reporting standard for risk financ- ing and related insurance issues is included in this report where applicable. Comparability with previous years financial reports is not affected. The accounting and reporting framework and the more significant accounting princi- ples and practices are discussed in subsequent sections of this note. The remainder of the notes are organized to provide explanations including required disclosures of the City's financial activities for the fiscal year ended Sep- tember 30, 1998. B. Reporting Entity: All significant activities and organizations in which the City exercises oversight responsibility have been included in the City's general purpose financial statements for the year ended September 30, 1998. The following criteria regarding manifestation of oversight were considered by the City in its evaluation of City organizations and activities: Financial interdependency: The City is responsible for its debts and is entitled to surpluses. No separate agency receives a financial benefit nor imposes a financial burden on the City. Election of the government authority: The locally elected City Council is exclusively responsible for all public decisions and accountable for the deci- sions it makes. N' C. Fund Types and Account Groups: Governmental fund types: Governmental funds use the current financial resources measurement focus. Only current assets and current liabilities are generally included on their balance sheets. Their operating statements present sources and uses of available resources during a given period. (24) CITY OF BLAIR, NEBRASKA NOTES TO FINANCIAL STATEMENTS 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES C. Fund Types and Account Groups: (continued) Proprietary fund types: Proprietary funds use the economic resources measurement focus. The accounting objectives are determinations of net income, financial position and cash flows. All assets and liabilities associated with a proprietary funds activities are included on its balance sheet. Proprietary fund equity is segregated into contributed capital and retained earnings. Fiduciary fund types: (trust and insurance funds), that are used to ac- count for assets held by the City as an agent for private individuals or organ- izations or in trust; Account groups: The account groups are used to account for fixed assets and long-term liabilities which are not reported in the respective governmental funds. D. Basis of Accounting: All Governmental Funds are accounted for using the modified accrual basis of accounting. Their revenues are recognized when earned and expenditures are recognized when incurred except that property taxes are not recorded until collected as they are not practicably measurable and interest on general obli- gation bonds is not recorded until coupons mature. The Proprietary and Fiduciary Funds accounted for using the accrual basis where revenues are recognized when earned and expenses are recognized when incurred. The City does not apply encumbrance accounting in any of its funds. E. Debt Service Fund: The Debt Service Fund is used to account for the payment of principal and interest on general long-term debt. The primary sources of revenue are proper- ty taxes and special assessments. F. Inventory: Inventory is stated at the lower of cost (first -in, first -out) or market value. The consumption method is used in regard to inventory expenditure recognition. -continued- (25) CITY OF BLAIR, NEBRASKA NOTES TO FINANCIAL STATEMENTS 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) G. Budgetary Basis: The City's legally adopted budget is not in conformity with generally accepted accounting principles. The budget is prepared and adopted using the cash basis of accounting whereby revenues budgeted are expected to be received rather than earned and expenditures budgeted are expected to be disbursed rather than incurred. There are no significant differences between the budget- ed basis of accounting and the generally accepted basis. The City Council sets the property tax levy needed to support the coming years budget in August of each year and submits its budget as required by State Statute. H. Budgetary Control: r Each funds appropriated budget is prepared on a detailed line item basis. Revenues are budgeted by source. Expenditures are budgeted by department. This constitutes the legal level of control. Expenditures may not exceed appropriations at this level. All budget revisions at this level are subject to final review by the City Council. No revisions to the budget were made for the year ended September 30, 1998. I. Investments: For the purposes of the Statement of Cash Flows the City considers all short-term debt instruments purchases with a maturity of three months or less to be cash equivalents. Short-term investments are recorded at cost. J. Fixed Assets: All fixed assets are recorded at cost or estimated cost if actual cost not available. The Proprietary and Fiduciary Fund assets are presently on the respective balance sheets except for the cost of any underground water and sewer lines which are not included in the assets. Depreciation of the assets is computed on the straight-line method over the estimated useful lives of the assets as follows: Plant and buildings 25-40 years Equipment 5-10 years Assets in all other funds are recorded as expenditures at the time of purchase with the accumulated cost being presented in the general fixed asset group of accounts for measurement purposes only. Certain improvements such as roads, bridges, curbs and gutters, streets and sidewalks, drainage systems, and lighting systems are not capitalized. No depreciation is provided for assets in the general fixed asset group of accounts. (26) CITY OF BLAIR, NEBRASKA NOTES TO FINANCIAL STATEMENTS 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) K. Compensated Absences: The City of Blair does not accrue compensated absences because the amount cannot be reasonably estimated. L. Deposits and Investments: Investments consist of Certificates of Deposit or U.S. Government Securi- ties with current maturities. These investments have no restrictions. The deposits are entirely Category 1 which means that the investments are insured or collateralized with securities held by the entity's agent. Investments are stated at cost which approximates market value. Investments allowed are gener- ally U.S. Government Securities, FDIC insured deposits and others provided by State Statute. The City was short in its required pledged collateral at Sep- tember 30, 1998 in the amount of $279,238. 2. PROPERTY TAX CALENDAR The City's December 31, 1997 valuation was $228,226,461. The levy for the City for the year ending September 30, 1998 was .435857 per $100 of value. The total tax levy was $994,745. Property taxes are due December 31 of each year and delinquent in halves at May 1 and September 1 of the following year. The property taxes are collected and remitted to the City by the County. 3. RESTRICTED ASSETS Restricted assets consist of cash, certificates of deposit, and government securities. The total Debt Service fund balance is reserved for debt service. The other assets are restricted as follows: 1998 Special Enterprise Insurance Revenue Fund Funds Funds Keno funds $ 158,317 $ - $ - Street funds 928,348 - - M.I.R.F. funds 10,613 - - Development funds 36,831 - - Revolving loan fund 80,035 - - Bond and Interest sinking fund - 814,350 - Reserve for insurance claims - - 26,861 Total restricted assets 1.214.144 $ 814.350 26.861 -continued- (27) Date Rate Refunding Bonds 11-1-92 3.2 - 6.3% Water Revenue Bonds 6-15-96 4.05- 5.4% Annual Principal Requirements For Water Bonds Year Ending September 30, 1999 $ 350,000 2000 360,000 2001 380,000 2002 360,000 2003 410,000 2004-2014 2,470,000 TOTAL IA,33D,000 -continued- (28) Insurance Funds 24,795 S 24.795 Total $1,790,000 $2,540,000 CITY OF BLAIR, NEBRASKA NOTES TO FINANCIAL STATEMENTS 3. RESTRICTED ASSETS (continued) 1997 Special Enterprise Revenue Fund Funds Keno funds $121,207 $ - Street funds 630,945 - M.I.R.F. funds 9,147 - Development funds 48,011 - Revolving loan fund 26,811 - Bond and Interest sinking fund - 819,338 Reserve for insurance claims - - Total restricted assets $836,121 819,338 4. LONG-TERM DEBT Water debt: Date Rate Refunding Bonds 11-1-92 3.2 - 6.3% Water Revenue Bonds 6-15-96 4.05- 5.4% Annual Principal Requirements For Water Bonds Year Ending September 30, 1999 $ 350,000 2000 360,000 2001 380,000 2002 360,000 2003 410,000 2004-2014 2,470,000 TOTAL IA,33D,000 -continued- (28) Insurance Funds 24,795 S 24.795 Total $1,790,000 $2,540,000 CITY OF BLAIR, NEBRASKA NOTES TO FINANCIAL STATEMENTS 4. LONG-TERM DEBT (continued) The City of Blair secured ing $20,000 of annual M.I.R.F. September 30, 1999. There was Sewer Bond Anticipation Notes: Rate October 15, 1995 4.25% 5. PENSION PLANS the November 1, 1992 refunding bonds by pledg- receipts to the payment of the bonds through no interest capitalized during 1997 or 1998. DUE AMOUNT October 15, 1998 133aluM The city has two pension plans covering substantially all of its em- ployees. Employees other than policemen are covered by a defined contri- bution plan. All contributions up to 5% of gross wage in employee contri- butions and 5% of gross wage in contributions from the City are invested with an investment manager. The employees must have accumulated six 4 months of service, be at least age 21, and work 40 hours per week to participate in the plan. Employees are 100% vested in employer contribu- tions after seven years of service. The plan is a single employer plan with the City maintaining fiduciary responsibility for it. Contributions for the periods ended September 31, 1997 and September 30, 1998, were $80,576 and $77,870 respectively. Contributions are expected to remain relatively level from year to year. The 1998 covered payroll and total v payroll were $778,700 and $976,068 respectfully. The policemen are covered under a defined benefit plan established by the statutes of the State of Nebraska. Policemen terminating before retirement age receive payment for their contributions to date of termina- tion plus interest accrued and the vested portion of the City's contribu- tions based on the statutes of the State of Nebraska. The City has fi- duciary responsibility for the plan and it is a single employer plan only. Contributions of $48,612 for 1997 and $53,438 for 1998, were 12% of gross wages which compiles with statutory requirements. The City contributed 6 percent of gross wages and the policemen contributed 6 percent. The City has no material pension benefit obligations as of September 30, 1998. The City does expect contributions to remain relatively level from year to year. The contributions are not actuarially determined. All qualifying police payroll was covered in 1997 and 1998. During the year ended September 31, 1984, the City transferred police pension funds to an independent trustee for investment. The trustee will maintain the fund according to state law. Contributions to the trustee were reported as an expenditure. (29) CITY OF BLAIR, NEBRASKA NOTES TO FINANCIAL STATEMENTS -continued- 6. OTHER ASSET - ELECTRIC PLANT CONTRACT In April 1984, the City of Blair contracted to sell its electrical j transmission and distribution generating facilities to the Omaha Public Power District. The terms of the agreement were as follows: Omaha Public Power District agreed to buy the City of Blair facilities for the sum of $5,950,000. The terms of payment shall be $1,000,000 payable at the date of the contract and the balance of $4,950,000 amortized over thirty years at nine percent interest per annum, with annual payments of $481,815 commencing in April 1985. This contract is unsecured. This contract also provided for the Omaha Public Power District to supply electrical service directly to the City and its residents. The transfer of elec- trical services was completed on September 30, 1984. 7. LANDFILL CLOSURE The City of Blair has closed its landfill operations. All material closing and monitoring costs were accrued over the remaining life of the landfill. The Landfill closed October 31, 1993 and any remaining monitoring costs will be paid from City funds but are not anticipated to be material to the financial statements 8. ACCOUNTS RECEIVABLE - SPECIAL ASSESSMENTS The City of Blair's special assessments outstanding as of September 30, 1997 and September 30, 1998, are composed of the following: 1997 1998 Special assessment principle $ 963,536 $ 996,575 Special assessments available not levied 110,018 1,016,279 Total Special Assessments Receivable $2,012,851 The delinquent special assessments at September 30, 1998 are 10% of those outstanding. 9. INSURANCE FUND The City of Blair self -insures certain dental and eye benefits for its em- ployees. Funds were contributed from various funds into the insurance fund for proper allocation. The contributions into the fund for September 31, 1997 and September 30, 1998, were $ 70,802 and $79,117 respectively. Dental and vision benefits are limited and do not create significant risk for the City. 10, CONCENTRATION OF CREDIT RISK All of the receivables of the City of Blair proprietary funds are from the local Blair area therefore creating a concentration of credit risk. If the Blair area economy was depressed this could have an adverse effect on the collection of the outstanding accounts receivable. (30) CITY OF BLAIR, NEBRASKA NOTES TO FINANCIAL STATEMENTS -continued- 11. DEFICIT FUND BALANCE The City of Blair sewer fund had a deficit fund balance of $1,049,610 as of September 30, 1998. The deficit is the result of depreciation in excess of reve- nues. 12. SUBSEQUENT EVENTS The City of Blair approved $1,095,000 of Sewer System Revenue Bonds for use in retirement of $980,000 of Sewer BANS. The bonds were issued October 1, 1998 with principal due through 2018 and interest rates of 4.1 through 5.3%. The City voters approved a 1% City Sales Tax for street construction and a fire building effective October 1, 1998 and expiring September 30, 2005. 13. REGISTERED WARRANTS The City of Blair has $146,549 of outstanding registered warrants at Septem- ber 30, 1998. The warrants are due currently and bear an average interest rate of 6.25%. The accrued interest at September 30, 1998 was $2,262. 14. YEAR 2000 STATUS Due to computer programs written with two digit fields for the year the functions they perform may be inhibited. The City of Blair projects no material use of resources to manage this contingency. The City is in the validation and testing stage of the conversion process at September 30, 1998. (31) CITY OF BLAIR, NEBRASKA COMBINING BALANCE SHEET - SPECIAL REVENUE FUNDS SEPTEMBER 30, 1998 ASSETS Keno Street M.I.R.F. Development Revolving Fund Fund Fund Fund Loan Fund Total CASH AND EQUIVALENTS $158,317 $928,348 $ 10,613 $ 36,831 $ 8 0, 035 $1,214,144 DUE FROM COUNTY - 19,393 - - - 19,393 REVOLVING LOAN\ KENO RECEIVABLE 5,463 - - - 589,944 ,595,407 ACCRUED INTEREST RECEIVABLE - - - - TOTAL $163.780 $947.741 $ 10.613 $ 36.831 LIABILITIES AND FUND BALANCES STATE TAX PAYABLE $ 3,330 $ - $ - $ - ACCOUNTS PAYABLE - 234,658 - 36,831 FUND BALANCE 160,450 713,083 10,613 - TOTAL 5163.780 5947,741 $ 10.613 $ 36,831 (32) $ - $ -3,330 290,160 561,649 379,819 1,263,965 56691979 1.828.944 Io cn In m ri m W H V 0 o o o o l� m N In lr ri r- w W m o ff m r� m m r ,-I m w In r-ar m m m W N W m N W IT r a m O m m W m W m 111 Cv to 1` m N N v w m m tD O W N H N O tD m a� ri W 1 10 O ri I[1 m H W v O m N W In m r -I W to O 111 m -T N to N w In m r� H tD N r1 41 C ri r, m ri a W m W m ri v H ri In H N v N W I` W H <r In m W H m tD m In m O tD O ri In a' I- ri m ri H O m In m H m m m In to m y N W H W m H ri m aN m mmN ri ri ri tp• b1 ro O O O O O O m In to N N h t, W .�W� 1n m m r I� I I W I I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I I I I I I 1 1 1 y C N N m m m m tD a Gadd yr co m m W ri 4 m p, ro w to m m m In LO to y W 0 I I I N 1 I I I I I I I I I I I I I I I I I I N I I I I I I I N � 11 1 co 0 I F*1 In In v U A VI. 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LL N N O Ail 8 ri D 7y '0 bl A t p E-1 U U 0 W N N r•I H 7 N N r01 0 pU rpd ri i1 pF k0 bI r�, IHtl ri �W +1 O H wz rl ri W dl 11 dl (dd pzH •rl >r d1 •rri{ d) +1 ,C •r1 Id 0 4 d) U y0" rqd p '0 •r♦ ri Id •ra J.) 0 O A W N pvp�] ul -H p N +�1 H q Itl W N 4) In: p W h dH) N Ind +u1 0 Ill N Id b .N F zx p H pN dp�l z q q pzuf HV1W at En P4AP4 7 W4OfaDHHHXu1U',liU0(9rilU�a0 V) �P7Ov�lOO���Z�Z m CITY OF BLAIR, NEBRASKA INDIVIDUAL STATEMENT OF GROSS PROCEEDS DISTRIBUTION AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL, SPECIAL REVENUE FUNDS - KENO FUND FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 Budget Actual GROSS PROCEEDS - $752,874 PRIZES: Declared Prizes Unclaimed Wins Net Prizes Paid NET HOLD ALLOWABLE EXPENSES PAID: Lottery Operator's Commission NET KENO PROCEEDS EXPENSES PAID BY CITY: State Taxes Other Expenses TOTAL EXPENSES PAID PROCEEDS AVAILABLE FOR DISTRIBUTION TRANSFER FROM PRIZE RESERVES COMMUNITY BETTERMENT NET AFTER TRANSFERS Beginning Keno Account Fund Balance Interest KENO ACCOUNT FUND BALANCE $ 60,000 16,666 2,700 19,366 40,634 (165,363) (124,729) 122,229 2,500 583,604 (1,068) 582,536 170,338 (105,403) 64,935 15,057 2,500 17,557 47,378 3,891 (19,200) 32,069 122,229 6,152 $160,450 PRIZE RESERVE FUND RECONCILIATION FOR THE REPORTING PERIOD e Beginning fund Balance $26,164 Increase to Fund - Withdrawals from Fund (3,891) Ending Fund Balance 122,21a (34) Variance $ 4,935 1,609 200 1,809 6,744 3,891 146,163 156,798 3,652 $160,450 CITY OF BLAIR, NEBRASKA INDIVIDUAL STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL SPECIAL REVENUE FUNDS - STREET FUND FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 Var. Favorable Budget Actual (Unfavorable) REVENUES: Highway allocation $ 365,000 $ 443,028 $ 78,028 Taxes 300,219 308,724 8,505 Incentive payment 3,000 3,000 - State maintenance agreement 14,550 13,633 (917) In -Lieu of tax - 11,861 11,861 Homestead exemption - 11,544 11,544 State grant 100,000 - (100,000) Interest on investments 5,000 28,260 23,260 Other income 900 9,643 8,743 Total revenues 788,669 829,693 41,024 EXPENDITURES: Salaries 191,562 175,028 16,534 FICA 14,650 13,151 1,499 Retirement 9,140 8,544 596 Employee insurance 37,982 33,370 4,612 Legal 200 - 200 Engineering 3,000 140 2,860 Auditing 1,900 1,895 5 Office expense 540 400 140 Dues 300 90 210 Utilities 5,500 4,097 1,403 Telephone 1,100 983 117 Travel 100 - 100 Training 150 292 (142) Insurance 12,200 11,887 313 Maintenance 26,100 11,597 14,503 Street lighting 110,000 105,351 4,649 County fees 2,554 4,678 (2,124) Car expense 1,200 1,147 53 Sand, gravel, and rock 11,500 7,321 4,179 Gas, diesel, and oil 11,000 8,449 2,551 Materials and supplies 4,500 11,247 (6,747) Rental 5,000 4,595 405 Capital outlay: Equipment 40,000 35,293 4,707 Street improvements 780,500 433,467 347,033 Total expenditures 1,270,678 873,022 397,656 REVENUES OVER (UNDER) EXPENDITURES (482,009) (43,329) 438,680 OTHER FINANCING SOURCES (USES): Street district construction (2,072,800) (959,725) 1,113,075 Operating transfers -in 2,292,800 1,336,116 (956,684) Operating transfers -out - (33,627) (33,627) REVENUES OVER (UNDER) EXPENDITURES (262,009) 299,435 S 561.444 FUND BALANCE - Sept 30, 1997 413,648 413,648 FUND BALANCE - Sept 30, 1998 S 151.639 S 713.083 (35) CITY OF BLAIR, NEBRASKA INDIVIDUAL STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL SPECIAL REVENUE FUNDS - M.I.R.F. FUND FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 Variance Favorable Budget Actual (Unfavorable) REVENUES: M.I.R.F. revenues Interest income Total revenue EXPENDITURES: Waterlines REVENUES OVER (UNDER) EXPENDITURES BEFORE TRANSFERS TRANSFER OUT REVENUES OVER (UNDER) EXPENDITURES FUND BALANCE - Sept 30, 1997 FUND BALANCE - Sept 30, 1998 $ 17,200 200 17,400 9,465 7,935 17,000 (9, 065) 9,147 S 82 (36) $ 17,185 281 17,466 17,466 16,000 1,466 9,147 ,S 10,613 $ (15) 81 66 9,465 9,531 1,000 CITY OF BLAIR, NEBRASKA INDIVIDUAL STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL SPECIAL REVENUE FUNDS - DEVELOPMENT FUND FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 Variance Favorable Budget Actual (Unfavorable) REVENUES: Sales tax Use tax Interest income Total revenue EXPENDITURES: State collection fees Refunds Hwy 30 improvements Gateway fees Total expenditures REVENUES OVER (UNDER) EXPENDITURES FUND BALANCE - Sept 30, 1997 FUND BALANCE - Sept 30, 1998 $ 1,000 100 500 1,600 100 4,000 32,941 15,000 52,041 (50,441) 48,356 S 12.085} (37) $ 933 618 2,186 3,737 40 222 36,831 15,000 52,093 (48, 356) 48,356 S $ (67) 518 1,686 2,137 60 3,778 (3,890) (52) CITY OF BLAIR, NEBRASKA INDIVIDUAL STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL SPECIAL REVENUE FUNDS - REVOLVING LOAN FUND FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 Variance Favorable Budget Actual (Unfavorable) REVENUES: H.U.D. Block Grants Interest Income Total revenue EXPENDITURES: Grant administration Grant distribution Grant refund Total expenditures REVENUES OVER (UNDER) EXPENDITURES BEFORE TRANSFERS TRANSFERS - IN REVENUES OVER (UNDER) EXPENDITURES FUND BALANCE - Sept 30, 1997 FUND BALANCE - Sept 30, 1998 $ 485,000 8,000 493,000 5,000 500,000 28,085 533,085 (40,085) (40,085) 695,789 S 655,704 (38) 22,550 22,550 _338,520 338,520 (315,970) (315,970) 695,789 S 379.819 $(485,000) 14,550 (470,450) 5,000 500,000 (310,435) 194,565 (275,885) CITY OF BLAIR, NEBRASKA COMBINING BALANCE SHEET - ENTERPRISE FUNDS SEPTEMBER 30, 1998 ASSETS (39) Water Sewer Total CURRENT ASSETS: Cash $ 1,238,338 $ 358,319 $ 1,596,657 Accounts receivable - user fees 365,960 102,979 468,939 Accounts receivable - other 272 - 272 Accrued interest receivable 34,178 372 34,550 Inventory 21,154 - 21,154 Prepaid expenses 911 764 1,675 Total current assets 1,660,813 462,434 2,123,247 RESTRICTED ASSETS: Bond and interest sinking fund cash and investments 814,350 - 814,350 PROPERTY: Plant in service 11,500,689 4,581,142 16,081,831 Accumulated depreciation (3,815,121) (2,250,562) (6,065,683) Property - net 7,685,568 2,330,580 10,016,148 TOTAL ASSETS $10,160,731 S 2.793.014 512.953.745 (39) CITY OF BLAIR, NEBRASKA COMBINING BALANCE SHEET - ENTERPRISE FUNDS SEPTEMBER 30, 1998 LIABILITIES AND FUND BALANCE Water Sewer Total CURRENT LIABILITIES: Current portion of long-term debt $ 350,000 $ 980,000 $ 1,330,000 Accounts payable 118,431 65,843 184,274 Accrued interest 78,811 19,090 97,901 Accrued expenses 17,097 6,857 23,954 Total current liabilities 564,339 1,071,790 1,636,129 DEPOSITS PAYABLE 1,700 - 1,700 LONG-TERM DEBT: Revenue bonds payable- unmatured 4,330,000 980,000 5,310,000 Less current portion above (350,000) (980,000) (1,330,000) Long-term debt -net 3,980,000 - 3,980,000 Total liabilities 4,546,039 1,071,790 5,617,829 FUND BALANCE: Contributed capital 2,055,100 2,770,834 4,825,934 Retained earnings: Reserved 814,350 - 814,350 Unreserved 2,745,242 (1,049,610) 1,695,632 Total fund balance 5,614,692 1,721,224 7,335,916 TOTAL LIABILITIES AND FUND BALANCE 510,160,731 2.793,014 $ 12,253,745 (40) CITY OF BLAIR, NEBRASKA COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS ENTERPRISE FUNDS FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 (41) Water Sewer Total OPERATING REVENUES: User fees $1,958,933 $ 566,178 $2,525,111 Sale of merchandise 12,669 - 12,669 Other 13,059 - 13,059 Total 1,984,661 566,178 2,550,839 EXPENSES: Personal services 407,916 192,522 600,438 Operating expenses 362,959 119,952 482,911 Materials and supplies 277,731 46,836 324,567 Rental expense 834 707 1,541 Depreciation 312,771 101,740 414,511 Total 1,362,211 461,757 1,823,968 OPERATING INCOME (LOSS) 622,450 104,421 726,871 OTHER REVENUE (EXPENSE): Utility district construction (143,418) (293,019) (436,437) Interest income 120,423 12,036 132,459 Interest expense (248,041) (41,650) (289,691) Bonding and grant fees - - - Operating transfers -in 368,315 371,966 740,281 Operating transfers -out (189,913) - (189,913) NET INCOME (LOSS) 529,816 153,754 683,570 RETAINED EARNINGS (DEFICIT) Sept 30, 1997 3,029,776 (1,203,364) 1,826,412 RETAINED EARNINGS (DEFICIT) Sept 30, 1998 $3,559,592 (1.049,610) $2,509,98 (41) CITY OF BLAIR, NEBRASKA COMBINING STATEMENT OF CASH FLOW ENTERPRISE FUNDS FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 Water Sewer CASH FLOW FROM OPERATIONS: Net operating income (loss) Adjustment to reconcile net income to net cash from operations: Depreciation Decrease (increase) in accounts receivable - user fees Decrease (increase) in accounts receivable - other Decrease (increase) in inventory Decrease (increase) in prepaid expenses Increase (decrease) in accounts payable Increase (decrease) in accrued expenses Increase (decrease) in deposits payable Net cash provided (used) by operations CASH FLOW FROM NON -CAPITAL FINANCING Transfers -in Transfers -out Cash flow from (used by) non -capital financing CASH FLOW FROM CAPITAL AND RELATED FINANCING: Payment of long-term debt Decrease (increase) in restricted assets Interest expense Bonding and grant fees Increase (decrease) in accrued interest payable Cash flow from (used in) financing -continued- Total $ 622,450 $ 104,421 $ 726,871 312,771 101,740 (2,528) (25,542) 344 - 1,846 - 9 12 76,176 21,641 4,566 2,925 1,015,284 205,197 (42) 368,315 (189,913) 178,402 (350,000) 4,988 (248,041) 371,966 371,966 (41, 650) 414,511 (28,070) 344 1,846 21 97,817 7,491 (350) 1,220,481 740,281 (189,913) 550,368 (350,000) 4,988 (289,691) (1,189) - (1,189) (594,242) (41,650) (635,892) CITY OF BLAIR, NEBRASKA COMBINING STATEMENT OF CASH FLOW ENTERPRISE FUNDS FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 (continued) Water Sewer Total CASH FLOW FROM INVESTING: Purchase of property Utility district construction Interest income Decrease (increase) in accrued interest receivable Cash flow from (used in) investing NET INCREASE (DECREASE) IN CASH CASH AND CASH EQUIVALENTS - Beginning of the period CASH AND CASH EQUIVALENTS - End of the period INTEREST PAID $ (198,182) $ (71,182) $ (269,364) (143,418) (293,019) (436,437) 120,423 12,036 132,459 (9,402) 73 (9,329) (230,579) (352,092) (582,671) 368,865 183,421 552,286 869,473 174,898 1,044,371 (43) CITY OF BLAIR, NEBRASKA (- INDIVIDUAL STATEMENT OF REVENUES AND EXPENSES BUDGET AND ACTUAL ENTERPRISE FUND - WATER FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 (44) Variance Favorable Budget Actual (Unfavorable) OPERATING REVENUES: User fees $1,910,500 $1,958,933 $ 48,433 Sale of merchandise 12,000 12,669 669 Forfeited discounts 10,000 10,570 570 Other 3,228 2,489 (739) Total revenues 1,935,728 1,984,661 48,933 EXPENSES: Personal services: Salaries 323,207 315,196 8,011 FICA 24,300 22,581 1,719 Workman's compensation 6,000 5,214 786 HAL insurance 52,791 49,047 3,744 Retirement (city share) 15,200 13,755 1,445 Unemployment and disability 3,450 2,123 1,327 Total 424,948 407,916 17,032 Operating expenses: Legal fees 400 - 400 Auditing 2,200 2,494 (294) Consultants 11,000 21,719 (10,719) Employee appreciation 450 376 74 Postage 6,000 5,311 689 Printing and publications 500 54 446 Computer programming 1,000 4,591 (3,591) Schools, travel, and training 2,000 1,091 909 Dues 2,850 1,372 1,478 Utilities 270,000 257,199 12,801 Telephone 2,400 1,972 428 Vehicle insurance 600 720 (120) Liability insurance 1,800 1,341 459 E_ Buildings and contents insurance 4,200 3,661 539 Employee bonds 200 - 200 Radio maintenance 600 672 (72) Y Office equipment maintenance 800 348 452 - Motorized equipment maintenance 2,600 8,016 (5,416) Building maintenance 20,000 32,452 (12,452) Major maintenance 28,000 13,253 14,747 81 Contingent reserve 6,000 - 6,000 Electronic maintenance 4,000 2,608 1,392 Car expense 900 642 258 Bad accounts 2,700 3,067 (367) Y Total 371,200 362,959 8,241 U - continued - (44) CITY OF BLAIR, NEBRASKA INDIVIDUAL STATEMENT OF REVENUES AND EXPENSES BUDGET AND ACTUAL ENTERPRISE FUND - WATER FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 (45) Variance Favorable - continued - Budget Actual (Unfavorable) EXPENSES: Materials and supplies: Office supplies $ 2,500 $ 2,661 $ (161) Janitorial supplies 600 248 352 Shop supplies 2,500 1,988 512 Chemicals 250,000 235,515 14,485 Meters 12,000 8,956 3,044 Water line 60,000 20,149 39,851 Supplies for inventory 1,000 2,692 (1,692) Gas, oil and diesel 3,000 2,377 623 Uniforms 1,000 734 266 Small tools 1,400 691 709 Payment to OPPD 3,000 391 2,609 Other materials and supplies 3,700 1,329 2,371 Total 340,700 277,731 62,969 Rental expense - Office equipment 1,000 834 166 Total expenses 1,137,848 1,049,440 88,408 OPERATING INCOME (LOSS) BEFORE DEPRECIATION 797,880 935,221 137,341 DEPRECIATION - 312,771 (312,771) OPERATING INCOME (LOSS) 797,880 622,450 (175,430) OTHER REVENUES (EXPENSES): Water district construction (231,300) (143,418) 87,882 Interest income 105,000 120,423 15,423 Interest expense (248,880) (248,041) 839 Bonding and grant fees (1,000) - 1,000 Operating transfers - in 432,078 368,315 (63,763) Operating transfers - out (180,000) (189,913) (9,913) NET INCOME (LOSS) S 673,778 $ 529,816 (143.962) (45) CITY OF BLAIR, NEBRASKA INDIVIDUAL STATEMENT OF REVENUES AND EXPENSES BUDGET AND ACTUAL ENTERPRISE FUND - SEWER FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 Variance Favorable Budget Actual (Unfavorable) OPERATING REVENUES: User fees $478,287 $ 566,178 $ 87,891 Sale of merchandise 500 - (500) Total revenues 478,787 566,178 87,391 EXPENSES: Personal services: Salaries 152,835 150,702 2,133 FICA 11,100 11,601 (501) Workman's compensation 4,000 3,509 491 H.A.L. insurance 21,581 19,058 2,523 Retirement (city share) 6,250 6,633 (383) Unemployment and disability 1,660 1,019 641 Total 197,426 192,522 4,904 Operating expense: Legal 200 - 200 Auditing 2,500 2,793 (293) Consulting/engineering 10,000 8,081 1,919 Employee appreciation 450 105 345 Postage 3,200 3,114 86 Printing and publication 200 4 196 Computer programming 600 - 600 School, travel and training 1,700 1,087 613 Dues 1,000 121 879 Utilities 45,000 41,409 3,591 Telephone 700 643 57 Insurance 7,000 5,717 1,283 Maintenance 20,400 30,323 (9,923) Car expense 800 366 434 Sewer lines 59,000 26,189 32,811 Total 152,750 119,952 32,798 Materials and supplies 54,450 46,836 7,614 Rental expense 600 707 (107) Total expenses 405,226 360,017 45,209 OPERATING INCOME (LOSS) BEFORE DEPRECIATION 73,561 206,161 132,600 DEPRECIATION - 101,740 (101,740) OPERATING INCOME (LOSS) 73,561 104,421 30,860 OTHER REVENUE (EXPENSE): Sewer district construction (362,100) (293,019) 69,081 Bond costs (20,000) - 20,000 Interest income 6,000 12,036 6,036 Interest expense (62,475) (41,650) 20,825 Transfers -in 362,100 371,966 9,866 NET INCOME (LOSS) S (2.914) S 153,754 S 156,668 (46) CITY OF BLAIR, NEBRASKA SCHEDULE OF GENERAL FUND REVENUES BUDGET AND ACTUAL FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 OTHER REVENUES: State aid -Library 1,440 1,440 Variance State grants 30,000 3,695 Favorable Federal grants Budget Actual (Unfavorable) REVENUES: 321,280 2,110 (319,170) Taxes: 1,100 11,459 10,359 Property taxes $ 679,265 $ 683,656 $ 4,391 Motor vehicle taxes 68,500 75,577 7,077 Interest on taxes 4,000 3,572 (428) Insurance tax 30,100 31,729 1,629 Receipts in lieu of taxes 68,000 34,511 (33,489) State aid 105,000 99,327 (5,673) Carline and,vehicle prorate 500 5,144 4,644 Homestead relief - 30,392 30,392 Franchise tax 85,000 138,957 53,957 Total 1,040,365 1,102,865 62,500 Charges for services: Business Licenses and Permits 92,100 142,993 50,893 Library 10,600 11,619 1,019 Landfill licenses 650 1,232 582 Cemetery lots 17,000 16,373 (627) Grave openings 24,000 21,660 (2,340) Swimming pool fees 28,700 - (28,700) Other fees and charges 21,540 23,117 1,577 Sales of fireworks 15,000 16,600 1,600 RV Park 3,200 4,302 1,102 Total 212,790 237,896 25,106 INTEREST INCOME 11,000 20,654 9,654 OTHER REVENUES: State aid -Library 1,440 1,440 - State grants 30,000 3,695 (26,305) Federal grants 81,000 121,559 40,559 Gifts 321,280 2,110 (319,170) Reimbursements 1,100 11,459 10,359 Sale of assets 15,000 69,807 54,807 County inspector payments 32,000 36,204 4,204 Other miscellaneous revenue 50 1,521 1,471 Total 481,870 247,795 (234,075) TOTAL REVENUES (47) CITY OF BLAIR, NEBRASKA SCHEDULE OF GENERAL FUND EXPENDITURES BUDGET AND ACTUAL ADMINISTRATION DEPARTMENT FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 (48) Variance Favorable Budget Actual (Unfavorable) PERSONAL SERVICES: Salaries $ 77,254 $ 79,879 $ (2,625) Social Security 6,100 5,738 362 Employee's insurance 67,994 56,708 11,286 Retirement 3,200 2,187 1,013 OPERATING EXPENSES: Legal 35,800 27,446 8,354 Auditing 1,400 1,397 3 Consulting 12,000 12,557 (557) Custodial services 4,000 3,669 331 Employee appreciation 750 710 40 Postage 3,000 3,963 (963) Printing and publications 7,500 7,376 124 Training 4,000 6,248 (2,248) Dues 6,400 8,505 (2,105) Election expense 3,200 964 2,236 Programming 2,500 2,556 (56) City utilities 4,500 4,996 (496) Telephone 5,000 4,899 101 Travel expense 3,000 2,801 199 Insurance and bonds 4,800 3,864 936 News letter 8,000 2,627• 5,373 Maintenance 26,000 35,873 (9,873) Tree removal 13,500 34,276 (20,776) Chamber of Commerce 1,500 1,500 - Car expense 3,720 3,720 - County Treasurer's collection fees 6,725 12,342 (5,617) Miscellaneous 13,400 - 13,400 SUPPLIES 8,200 10,355 (2,155) RENTAL EXPENSES - Office equipment 900 422 478 CAPITAL OUTLAY Motorized equipment - - - Office equipment 14,500 11,871 2,629 TOTALS 348.843 349.449 S (606) (48) CITY OF BLAIR, NEBRASKA SCHEDULE OF GENERAL FUND EXPENDITURES BUDGET AND ACTUAL CONTINGENCY ALLOWANCE FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 Variance Favorable Budget Actual (Unfavorable) CONTINGENT RESERVE: $ $ $ Police car 25,000 14,998 10,002 TOTAL $ 25.000 $ 14,998 S 10,002 (49) CITY OF BLAIR, NEBRASKA SCHEDULE OF GENERAL FUND EXPENDITURES BUDGET AND ACTUAL POLICE DEPARTMENT FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 TOTALS (50) Variance Favorable Budget Actual (Unfavorable) PERSONAL SERVICES: Salaries $474,697 $471,554 $ 3,143 Social security 35,000 34,638 362 Employees' insurance 90,248 83,231 7,017 Retirement 27,600 26,719 881 OPERATING EXPENSES: Legal 10,000 19,168 (9,168) Auditing 900 898 2 Employee appreciation 700 541 159 Postage 800 722 78 Printing and publications 1,400 1,651 (251) Drug task force 6,700 6,721 (21) Training 2,000 1,711 289 Telephone 4,000 3,012 988 Travel 600 566 34 Dues 400 579 (179) Insurance 7,000 6,628 372 Maintenance 14,200 14,436 (236) Medical exams 400 1,160 (760) Car Expense 1,200 1,200 - Wellness Program 1,000 975 25 Miscellaneous 1,500 920 580 SUPPLIES: Supplies 7,100 6,762 338 Gas and oil 10,000 8,999 1,001 Uniforms 10,400 9,420 980 Ammunition and range 1,500 705 795 Safety Equipment/Training 3,200 2,292 908 Supplies - DARE 1,500 1,500 - Supplies - GREAT 1,500 2,767 (1,267) Supplies - GRANT - 1,545 (1,545) RENTAL EXPENSE 20,000 18,511 1,489 CAPITAL OUTLAY: Office equipment 1,500 1,306 194 Motor vehicles - - - Radio/Camera/Video 4,500 2,875 1,625 TOTALS (50) CITY OF BLAIR, NEBRASKA SCHEDULE OF GENERAL FUND EXPENDITURES BUDGET AND ACTUAL CEMETERY FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 PERSONAL SERVICES: Salaries Social security Employees' insurance Retirement OPERATING EXPENSES Legal Auditing Engineering Employee appreciation Printing and publications Training Travel Dues Utilities Telephone Insurance Maintenance Miscellaneous SUPPLIES: Operating supplies Gas, Oil, Diesel Uniforms Small tools Sand, Gravel, Rock RENTAL EXPENSE CAPITAL OUTLAY: Office equipment Motorized equipment TOTALS (51) Variance Favorable Budget Actual (Unfavorable) $ 54,273 $44,724 $ 9,549 4,025 3,114 911 7,886 7,355 531 1,000 991 9 75 11 64 90 100 (10) 300 150 150 180 24 156 190 118 72 175 95 80 25 13 12 75 70 5 2,500 1,986 514 700 651 49 1,240 1,117 123 5,400 5,596 (196) 950 950 - 2,000 1,904 96 160 132 28 1,570 1,531 39 700 675 25 14,850 13,000 1,850 (51) CITY OF BLAIR, NEBRASKA SCHEDULE OF GENERAL FUND EXPENDITURES BUDGET AND ACTUAL FIRE DEPARTMENT FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 (52) Variance Favorable Budget Actual (Unfavorable) OPERATING EXPENSES: Utilities and telephone $ 12,000 $ 11,281 $ 719 Insurance 11,300 12,981 (1,681) Maintenance 12,300 12,979 (679) Travel 100 - 100 Training 3,500 1,217 2,283 Miscellaneous 350 536 (186) SUPPLIES: Gas and oil 2,100 1,150 950 Safety equipment 6,000 9,647 (3,647) Miscellaneous 1,320 73 1,247 CAPITAL OUTLAY: Specialized equipment 21,000 10,759 10,241 Land 50,000 - 50,000 TOTALS S11 9; 970 �QQ,623 (52) CITY OF BLAIR, NEBRASKA SCHEDULE OF GENERAL FUND EXPENDITURES BUDGET AND ACTUAL PARK DEPARTMENT FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 (53) Variance Favorable Budget Actual (Unfavorable) PERSONAL SERVICES: Salaries $ 56,785 $ 55,432 $ 1,353 Social security 4,280 4,120 160 Employees' insurance 7,196 6,802 394 Retirement 1,000 989 11 OPERATING EXPENSES: Travel 200 238 (38) Utilities and telephone 4,700 5,000 (300) Insurance 1,700 1,498 202 Maintenance 15,600 13,326 2,274 Miscellaneous 785 809 (24) SUPPLIES: Gas and oil 2,300- 1,851 449 Small tools 995 951 44 Miscellaneous 2,085 2,275 (190) CAPITAL OUTLAY: Motorized equipment - - - Playground equipment 13,000 12,766 234 TOTALS 110.626 5106.057 5 4,569 (53) CITY OF BLAIR, NEBRASKA SCHEDULE OF GENERAL FUND EXPENDITURES BUDGET AND ACTUAL LIBRARY FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 PERSONAL SERVICES: Salaries Social security Employees' insurance Retirement OPERATING EXPENSES: Auditing Employee Appreciation Postage Dues Printing and publications Utilities Telephone Travel Training Insurance Maintenance Custodial services SUPPLIES: Supplies Library materials CAPITAL OUTLAY: Office equipment TOTALS (54) Variance Favorable Budget Actual (Unfavorable) $ 88,692 $ 82,426 $ 6,266 6,784 6,332 452 11,610 10,812 798 3,856 3,160 696 300 299 1 720 591 129 500 509 (9) 325 460 (135) 250 353 (103) 9,800 8,146 1,654 1,800 1,177 623 200 32 168 200 75 125 1,125 999 126 6,400 5,838 562 2,200 1,950 250 2,660 1,848 812 33,400 36,151 (2,751) 25,304 5196,126 15,689 5176,847 9,615 (54) CITY OF BLAIR, NEBRASKA SCHEDULE OF GENERAL FUND EXPENDITURES BUDGET AND ACTUAL SUPERVISED RECREATION FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 PERSONAL SERVICES: Salaries Social security Employees' insurance OPERATING EXPENSES: Auditing Professional fees Printing and publications Utilities Telephone Insurance Maintenance Recreational support Golf SUPPLIES: Gas and oil Recreation supplies CAPITAL OUTLAY: Motorized equipment Building Paving TOTALS Variance Favorable Budget Actual (Unfavorabl $ 8,270 $ 6,941 $ 1,329 640 356 284 460 403 57 80 100 (20) 150 324 (174) 4,000 4,922 ( 922 ) 50 - 50 1,370 1,262 108 4,400 4,081 319 6,000 10,500 (4,500) 250 1,160 (910) 300 236 64 1,750 1,995 (245) 120,000 - 120,000 10,000 - 10,000 $157.720 ��;� 5125,440 (55) CITY OF BLAIR, NEBRASKA SCHEDULE OF GENERAL FUND EXPENDITURES BUDGET AND ACTUAL SWIMMING POOL FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 Variance Favorable CAPITAL OUTLAY: Bath house 150,000 - 150,000 TOTALS 5203.860 1.,114 $191,746 (56) Budget Actual (Unfavorable PERSONAL SERVICES: Salaries $ 28,000 $ - $ 28,000 Social security 2,000 - 2,000 Employees' insurance 110 - 110 OPERATING EXPENSES: Auditing 200 200 - Printing and publications 510 - 510 Utilities and telephone 4,750 3,583 1,167 Insurance 850 1,247 (397) Maintenance 9,000 3,227 5,773 State sales tax 1,200 - 1,200 Miscellaneous - - - SUPPLIES: Chemicals 4,000 3,729 271 Miscellaneous 3,240 128 3,112 CAPITAL OUTLAY: Bath house 150,000 - 150,000 TOTALS 5203.860 1.,114 $191,746 (56) CITY OF BLAIR, NEBRASKA SCHEDULE OF GENERAL FUND EXPENDITURES BUDGET AND ACTUAL ZONING FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 PERSONAL SERVICES: Salaries Social security Employees' insurance Retirement OPERATING EXPENSES: Legal Auditing Printing and publications Travel Training Dues Telephone Car expense Maintenance Miscellaneous SUPPLIES: Gas and oil Supplies Miscellaneous CAPITAL OUTLAY - equipment TOTALS Variance Favorable Budget Actual $62,495 $56,001 $ 6,494 4,700 4,048 652 11,922 10,634 1,288 3,000 2,173 827 2,500 21 2,479 100 - 100 4,000 2,125 1,875 500 123 377 1,200 1,448 (248) 500 665 (165) 1,700 1,562 138 3,600 3,672 (72) 500 31 469 500 82 418 500 472 28 2,100 817$- 1,643 457 (57) CITY OF BLAIR, NEBRASKA SCHEDULE OF GENERAL FUND EXPENDITURES BUDGET AND ACTUAL LANDFILL FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 Variance Favorable (58) Budget Actual (Unfavorabi PERSONAL SERVICES: Salaries $ 1,000 $ 1,787 $ (787) Social security 80 298 (218) Employees' insurance 50 - 50 Retirement - 89 (89) OPERATING EXPENSES: Collection center 10,000 9,797 203 Printing and publication 75 252 (177) Professional consultants 4,050 1,917 2,133 Insurance - 511 (511) CAPITAL OUTLAY: Construction 42,214 - 42,214 TOTALS S 57,469 S 14,651 42.818 (58) CITY OF BLAIR, NEBRASKA SCHEDULE OF GENERAL FUND EXPENDITURES BUDGET AND ACTUAL ANIMAL CONTROL FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 PERSONAL SERVICES: Salaries Social security Employees' insurance Retirement OPERATING EXPENSES: Legal Auditing Printing and publications Travel Training Veterinary expense Utilities and telephone Insurance Maintenance Miscellaneous SUPPLIES: Gas and oil Supplies Uniforms Miscellaneous CAPITAL OUTLAY - Building design TOTALS (59) Variance Favorable Budget Actual (Unfavorable) $ 28,065 $20,521 $ 7,544 2,150 1,467 683 6,486 5,302 1,184 1,200 414 786 500 - 500 90 100 (10) 400 283 117 250 - 250 150 - 150 3,000 1,359 1,641 3,675 2,527 1,148 385 352 33 2,625 1,306 1,319 170 98 72 1,000 857 143 1,300 904 396 500 854 (354) 80,000 $131,946 4,250 540,594 75,750 911352 (59) CITY OF BLAIR, NEBRASKA SCHEDULE OF GENERAL FUND EXPENDITURES BUDGET AND ACTUAL DONATED FUNDS FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1998 M Variance Favorable Budget Actual (Unfavorable) Police - DARE $ 1,762 $ 720 $ 1,042 Police - GREAT - - - M.O.C.I.C. 2,000 - 2,000 Animal control 1,336 - 1,336 Library 169 - 169 Cemetery 100 - 100 Park 100 - 100 TOTALS 1-5-,467 S 720 M >1 Cu w �� o H w fu ai � W U) �4 4-) a u N F[ I..4 4a H4-) OE H C�7QU $ po I I H E -H , m N U U 61 w I m ch 00 rn rn t`mo m r� o a (� 0 C:) EH 0 m m lfl co rl (!� r1 r i as vl- 0w E -4 0) o (D z cc) O o cc W a W . I N O O I O o � p+ w GN a -I ul W a Ei U CF�C1 u2 ?+ W w HH a ww o Q Cf) V,. L-- m m li Ln O Ol (3)01, w o rn z 1- 00 w 0 � >1 Cu w �� o H w fu ai � W U) �4 4-) a u N F[ I..4 4a H4-) OE H C�7QU $ E'DWA RD W. SO IROEDER CERTIFIED PUBLIC ACCOUNTANT 1904 SOUTH STREET BOX 486 BLAIR, NEBRASKA 68008 Honorable Mayor and Members of the City Council City of Blair, Nebraska Dear Gentlemen: RESIDENCE: (402) 468-5253 OFFICE: (402) 426-4080 January 18, 1999 "Compliance and Internal Control over financial reporting" I have audited the financial statements of the City of Blair, Nebraska, as of and for the years ended September 30, 1997 and 1998, and have issued my report thereon dated January 18, 1999. I conducted my audit in accordance with general- ly accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Compliance As part of obtaining reasonable assurance about whether City of Blair's finan- cial statements are free of material misstatement, I performed tests of its com- pliance with certain provisions of laws, regulations, contracts and grants, noncom- pliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of my audit and, accordingly, I do not express such an opinion. The results of my tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. Internal Control Over Financial Reporting In planning and performing my audit, I considered City of Blair's internal control over financial reporting in order to determine my auditing procedures for the purpose of expressing my opinion on the financial statements and not to provide assurance on the internal control over financial reporting. However, I noted cer- tain matters involving the internal control over financial reporting and its opera- tion that I consider to be reportable conditions. Reportable conditions involve matters coming to my attention relating to significant deficiencies in the design or operation of the internal control over financial reporting that, in my judgment, could adversely affect the City of Blair's ability to record, process, summarize and report financial data consistent with the assertions of management in the financial statements. The City of Blair does not have adequate separation of duties. (62) Honorable Mayor and Members of the City Council Page 2 A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to the 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. My consideration of the internal control over financial reporting would not necessarily disclose all matters in the internal control that might be reportable conditions and, accordingly, would not necessarily disclose all reportable conditions that are also considered to be material weaknesses. However, I believe none of the report- able conditions described above is a material weakness. This report is intended for the information of the audit committee, management and federal awarding agencies and pass-through entities. However, this report is a matter of public record and its distribution is not limited. Edward W. Schroeder Certified Public Accountant (63)