HomeMy WebLinkAboutAgenda Report - December 18, 1985 (86)CITY COUNCIL 11 EETI NG
DECa EER 18, 1985
CLAMS Claims were approved in the amount of $703,017.12.
`i. j
COUNCIL REFOIU
December 18, 1985
TO:
CI Y MANAGER
1 -MI:
FMANCE DIRiX;It";lt
S"JB=:
Certification of claims
and authorization to issue checks. Annexed
herewith is the register
of claims to be approved at the regular meeting of the City Council
on December 18,
1985.
FOND
DESCRITTION
CLAIMS
CLAIMS
PAYROLL
IT=
TCT&
11/27/85
12/05/85
12/01/85
7 -DID
DISBURSEMENTS
TRANSFER
1,0
Cash Equity Fund
.00
.00
.00
.00
.00
10
General.
34,782.25
66,222.52
234,304.47
.00
335,309.24
10-55
General Inventory
127,808.46
19,147.94
.00
.00
146,956.40
11
Stores Inventory
125.58
1,639.93
.00
.00
1,765.51
12
Equipment
.00
1,788.22
.00
.00
1,788.22
16
Electric Utility
651.51
54,618.99
31,226.80
.00
86,497.30
16-90
Electric Inventory
.17.05
12,316.77
.00
.00
12,833.82
16.1
Utility Outlay Reserve
11,469.85
145.63
4,536.49
.00
16,151.97
17
Sewer Utility
135.35
4,124.61
12,998.85
.00
17,258.81
17-90
Sewer Inventory
.00
.00
.00
.00
.00
17.1
Sewer Utility -Capital Outlay
.00
.00
1,163.76
.00
1,163.76
17.2
Waste Water Capital Reserve
.00
.00
.00
.00
.00
18
Water Utility
1,532.85
265.51
5,708.82
.00
7,507.18
18-90
Water Inventory
.00
.00
.00
.00
.00
18.1
Water Utility Capital Outlay
54.91
86.56
1,389.32
.00
1,530.79
19.2
Federal Econ Dev Act Grant 3
.00
.00
.00
.00
.00
21
Library
.00
.00
.00
.00
.00
21.1
Library Capital Outlay
.00
.00
.00
.00
.00
28
Office Equip iraintenance Pool
0O
52.75
.00
.00
52.75
29
Fhxployee Benefits
.00
.00
.00
.00
.00
30
PL & PD Insurance
.00
873.06
.00
.00
873.06
31
Workers Compensation
1,325.00
6,390.27
.00
.00
7,715.27
32
Gas Tax - 2107
.00
156.08
4,638.52
.OG
4,794.60
33
Gas Tax - 2106
.00
224.62
680.95
.00
905.57
35
Deferred CarperLsation Fund
.00
.00
.00
.00
.00
41
Bond Interest & Redemption
00
.00
.00
.00
.00
Z12
Wilderness Area Grant IWd
.00
.00
.00
.00
.00
43
1976 State Park Bond Fund.
.00
.00
.00
.00
.00
4
1980 State Park Bond Fund
.00
.00
.00
00
.00
HM Fntitlerent Grant
.00
.00
197.23
.00
197.23
1rijk:strial. & B'Man Devel
.00
.00
.00
.00
.00
`i. j
w -" 'Vom-
DESCR= ON
CLAIM
CLAIM
PAYROLL
INITR
TUfAI,
11/27/85
12/05/85
12/01/85
FUND
DISBLJRSR4ffM
TRANSFER
47
Industrial Way & B'man Rd. #
.00
.00
.00
.00
.00
48
Turner/Cluff As--ss Dist #1
.00
.00
.00
.00
.00
49
UDTD Improvements
.00
17,937.50
21.88
.00
17,959.38
50
Land & Water Conservation Gr
.00
.00
74.58
.00
74.58
51
CrCapGrant Project
.00
29.58
1,330.75
.00
1,360.33
72
Subdivision Reserves Fund
.00
.00
.00
.00
.00
75
Subdivisions
3.45
.00
4,526.14
.00
4,529.59
120
Cm=nity Center
250.00
23.03
.00
.00
273.03
120.1
Hutchins Street Square Capital
.00
.()0
.00
.00
.00
121
Capital Outlay Reserve
921.00
.00
.00
.00
921.00
122
Utility Outlay Reserve
.00
.00
.00
.00
.00
123
Master Drainage Program Fund
.00
.00
.00
.00
.00
124
Transportation Development A
.00
66.50
1,024.74
.00
1,091.24
125
Dial-A-4Ude
.00
7,082.50
.()0
.00
7,082.50
126
Federal Ur')an, V'
.00
.00
.00
.00
.00
127
State Transit Assistance-Road
.00
.00
.00
.00
.00
128
Local Trans-Pedestrain/bike
.00
.00
.00
.00
.00
133
English Oaks Common Fund
.00
.00
.00
.00
.00
134
Hotel & Motel Tax
.00
.00
.00
.00
.00
135
Library Construction Fund
.00
.00
.00
.00
.00
140
Reserve - Cost of Labor &Mt
3,138.85
8,449.11
14,317.06
.00
25,905.02
148
Federal Revenue Sharing
18.36
1,79.92
320.69
.00
518.97
FINAL TO-IALS
Dim
182,734.47
201,821.60
318,461.05
.00
703,017.12
I certify to the best of my knowledge that each claim
prepared from the register Listed
above is accurate
in mount, and the register is listed accurately by fund.
Account Clerk
Mayor
City Clerk
w -" 'Vom-
a
Audlt.ed Financ al 'Slatemen-.1-:
Ana Othei- Financial Infor.-mationn
Cltv of Lodi
.dune 30, 1985
H,i -
H
Audited Financial Statements
and Other Financial Information
CITY OF LODI
June 30, 1985
TABLE OF CONTENTS
U
0
22
I
c C!y aS�w" P
Audited Financial Statements
Auditors' Report. . . . ... . . . . . . . . . . . . . . . . . . . .
. . 1
Combined Balance Sheet - All Fund Types and Account Group . . . . .
. . 2
Combined Statement of Revenues, Expenditures, and Changes
in Fund Balances - All Governmental Fund Types and
Expendable Trust Funds . . . . . . . . . . . . . . . . . . . . .
. . 4
Combined Statement of Revenues, Expenditures, and Changes
®
in Fund Balances - Budget and Actual - General and Special
Revenue Funds . . . . . . . . . . . . . . . . . . . . . . . . . .
. . 5
Combined Statement of Revenues, Expenses, and Charges
in Retained Earnings/Fund Balances - All Proprietary Fund Types
and Similar Trust Funds . . . . . . . . . . . . . . . . . . . . .
. . 6
Combined Statement of Changes in Financial Position - All
Proprietary Fund Types and Similar Trust Funds. . . . . . . . . .
. . 7
Notes to Financial Statements . . . . . . . . . . . . . . . . . . .
. . 8
Other Financial Information
Combining Balance Sheet - All General Funds . . . . . . . . . . . .
. . 16
Combining Balance Sheet - All Enterprise Funds . . . . . . . . . . .
. . 17
Combining Statement of Revenues, Expenses, and Changes
in Retained Earnings - All Enterprise Funds . . . . . . . . . . .
. . 18
U
0
22
I
c C!y aS�w" P
0
Ernst &Whinney
The City Council
City of Lodi
Lodi, California
555 Capitol Mall, Suite 650
Sacramento, California 95814
916/447-3237
We have examined the combined financial statements of the City of Lodi as of
and for the year ended June 30, 1985, as listed in the table of content..
Our examination was made in accordance with generally accepted auditing
standards, and accordingly, included such tests of the accounting records
and such other auditing procedures as we considered necessary in the
circumstances.
Complete records are not maintained for general fixed assets and, therefore,
the combined financial statements referred to above do not include a
statement of general fixed assets, which should be included to conform with
generally accepted accounting principles.
The records of the enterprise funds were incomplete as to fixed assets and
related depreciation. Because we were unable to satisfy ourselves by
appropriate audit tests or by other means as a result of such incomplete
records, we are unable to express an opinion on the accompanying financial
statements of the enterprise funds.
In our opinion; except that the omissio.i of the financial statement
described above results in an incomplete presentation, as explained in the
preceding paragraph, the combined financial statements, other than the
enterprise funds, referred to above present fairly the financial position of
the City of Lodi at .June 30, 1985 aad the results of its operations and the
changes in financial position o,` its proprietary funs types and similar
trust funds for the ,year then ended, in conformity with generally accepted
accounting principles applied on a basis consistent with that of the
preceding year.
Our examination was made for the purpose of forming an opinion on the
combined financial statements taken as a whole. The combining financial
statements listed in the table of contents are presented for purposes of
additional analysis and are noZ a required part of the combined financial
statements of the City of Lodi. The information has been subjected to the
auditing procedures applied in the exami-ation of the combined financial
statements and, in our opinion, is fairly stared in all material respects in
relation to the combined Financial statements taken as a whole.
Sacramento, Califor.nta
September 27, 1985
C7
COMBINED BALANCE SHEET - ALL FUND TYPES
AND ACCOUNT GROUP
40 CITY OF LODI
)une 30, 1985
C
0
E
Governmental Fund Types
Special
Debt
Spec
General
Revenue
Service
Assess
�,
h
ASSETS
Cash and investments --Note D
$2,830,868
$4,574,141
$219,057
$ tag
Receivables (net of allowances for
j
uncollectibles):
Accounts
164,307
2,057
�� �
Special assessments
�+ •yy
1,652
Interest
45,788
32,372
�.C'`...�fw.*r! ✓..a.mvv-s ...a a`'., 1,...u, tee. .. _. ..
6
Due from other fund or governmental
agencies --Note C
108,500
560,272
Supplies inventory
68,621
Other, assets
15,965
Fixed assets
Accumulated depreciation
a
Amount available in Debt Service Fund
Amount to be provided for retirement
of general long-term debt --Note E
TOTAL ASSETS
$3,234,049
$5,168,842
$219,057
$22387,
See notes to financial statements
0
E
�,
h
-2-
�� �
i rr't
�+ •yy
F
..... ..w...a.w.vix ..h°Tf`l�w ,3"2fa.°r''/. �,.i�
.. .... _�
�.C'`...�fw.*r! ✓..a.mvv-s ...a a`'., 1,...u, tee. .. _. ..
Fiduciary Account_
Governmental Fund Types Proprietary Fund Types i'und Type Group
Genersl Total
Special Debt Special Internal Trust and Long -Term (Memora
General Revenue Service Assessment Enterprise Service _ Agency Debt
2,830,868 $4,574,141 $219,057 $ 428,671 $11,304,617 $1,320,707 $2,631,182
$23,309
164,307 2,057
1,622,832
46 1,789
1,652,660
1,652
45,788 32,372
6,646 139,027 15,608
1,421 240
108,500 560,272
668
68,621
964,883
1,033
15,965
12,161 122,818
150
2.6,918,084
26,918
(9,127,509)
(9,127
$ 219,057 2194
3,765,443 3,765
$3,234,049 $5,1681842 $219,057 $2,087,977 $31,834,095 $1,459,133 $2,632,649 $3,984,500 $50,620;
F-.duclary Account
Proprietary Fund Types Fund Type i3roup
General Totals
Internal Trust and Long -Tenn (Memorandum
t Enterprise Service Agency Debt Only)
i $11,304,617 $1,320,707 $2,631,182
$23,309,243
1,622,832
46 1,789,242
0
1,652,660
6 139,027 15,608
1,421 240,862
668,772
964,883
1,033,504
12,161 122,818
150,944
26,918,084
26,918,084
(9,127,509)
(9,127,509)
$ 219,057 219,057
3,765,443 3,765,443
7 $31,834,095 11,459,133 $1.,632,649 $3,984,500 $50,620,302
COMBINED BALANCE SHEET - ALL FUND TYPES
AND ACCOUNT GROUP
CITY OF LODI
June 30, 1985
0
L•�ocrnmPntal Fond ,VpeS
Special Debt
General. Revenue Service
0
See notes to financial statements
H
-3-
LIABILITIES AND FUND EQUITY
LIABILITIES
Accounts payable and othe liabilities
S 550,682
S 348,106
$
Accrued salaries and wages
250,217
22,429
Payable from restricted assets --,Tote D
Due to other funds
108,500
Accrued compensated absences
482,912
Deferred revenue
Accrued self-insurance claims
General obligation bonds payable --
Note E
Special assessment bonds payable, net of
�
discount --Note E
_
TOTAL LIABILITIES
1,283,811
479,035
FUND EQUITY
Retained earnings
Fund balances:
Reserved for encumbrances
34,541
526,379
Reserved for supplies inventory
68,621
Unreserved:
Designated for debt service
$219,057
Designated for subsequent years'
expenditures
1,847,076
2,944,304
Undesignated
_
1,219,124
£
TOTAL FUND EQUITY
1,950,238
4,689,807
219,057
COMITMENTS AND CONTINGENCIES --Notes G and H
TOTAL LIABILITIES AND FUND EQUITY
$3,234,049
$5,168,842
$219,057 $
0
See notes to financial statements
H
-3-
General
Fiduciary !<Ccount
Governmental Fund Types Proprietary Fund Types fund Type _Group
General TO
Special Debt Special Internal Trust and Long -Term (?Iec:or
Revenue Service Assessment Enterprise Service Agency Debt On
$ 550,682 $ 348,106
250,217 22,429
108,500
LITIES 1,283,811 479,035
34,.541 526,379
68,621
$ 58,891 $ 650,303 $ 5,783 $ 8,347
54,722 453
2,438,824
1,652,660
1,361,077
3,072,628
22,956
$219,057 130,596
174,703
922,673
$ 534,500
3,450,000 3,450
1,361
879,128 928,456 2,447,624 3,984,500 13,075
30,954,967
1,847,076 2,944,304
1,219,124_ (1,138,203) 530,677 185,025
:QUITY 1,950,238 4,689,807 219,057 (984,651) 30,454,967 530,677 185,025
H
;QUITY $3,234,049 $5,168,842 $219,057 $2,087,977 $31,834,095 S1,459,133 $'2,6_ 3_ 2x_649 $3,984,500
Fiduciary Account
Proprietary Fund Types Fund Type Group
General Totals
Special internal Trust and Long—Term (memorandum
sessmen, Enterprise Service Agency. Debt Only)
58,891 $ 650,303 $ 5,783 $ 8,347
54,122 453
2,438,824
174,703
,652,660
922,673
,361,077 _
,072,628 879,128 928,456 2,447,624
30,954,967
22,956
130,596
138,203) 530,677 185,025
984,651) 30,954,967 530,677 185,025
$ 1,622;112
327„221
2,438,824
108,500
$ 534,500 1,192,115
1,652,660
922,673
3,450,000 3,450,000
1,361,077
3,984,500 13,075,182
30,954,967
583,876
68,621
349,653
4,791,380
796,623
37,545,120
2,087,977 01,834,095 $1,459,133 12,632,649 $3,984,500 $50,620,302
COPiBINED STATERENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES
AND EXPENDABLE TRUST FUNDS
CITY OF LODI
Year Ended June 30, 1985
Governmental Fund Types
See notes to financial statements
-4-
Special -
Debt
Special
General
Revenue
Service
Assessment__
sC
REVENUES
Taxes
$ 5,813,667
$ 987,610
$ 446,317
Licenses and permits
365,336
Intergovernmental revenues
1,171,758
2,118,378
►
Charges for services
2,200,087
35,073
Fires, forfeits and penalties
132.,237
32,226
Use of money and property
431,679
1,570,577
49,752
Miscellaneous revenues
345,012
1,524
TOTAL REVENUES
iO,459,776
4,745,388
496,069
EXPENDITURES
Current:
General government
1,707,487
296,512
Public protection
4,954,407
Public works
1,615,971
143,700
Sanitation
1,668,775
Library
609,679
Parks and. recreation
1,342,684
177,583
Capital outlay
406,368
3,315,991
535,155
Debt service:
Principal retirement
$315,000
Interest and fiscal charges
142,018
TOTAL EXPENDITURES
11,695,692
4,5432465
457,018
535,155
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
(1,235,916)
201,923
(457,018)
(39,086)
'I
OTHER FINANCING SOURCES (USES)
Operating transfers in
788,903
106,829
460,465
Operating transfers out
(824,550)
(26,905)
TOTAL OTHER FINANCING
SOURCES (USES)
(35,647)
79,924
460,465
EXCESS OF REVENUES AND
OTHER SOURCES OVER (UNDER)
EXPENDITURES AND OTHER USES
(1,271,563)
281,847
3,447
(39,086)
Fund balances - July 1, 1984
_ 3,221,801
4,407,960
215,610
(945,565)
FUND BALANCES - JUNE 30, 1985
$ 1,950,238
$4,689,807
$219,057
$(984,651)
See notes to financial statements
-4-
UES, EXPENDITURES, AND
- ALL GOVERNMENTAL FUND TYPES
Fiduciary
Governmental Fund Types Fund Type
Totals
Special Debt Special Expendable (Memorandum
General Revenue Service Assessment Trust Only)
$ 5,813,667 $ 987,610
365,336
1,707,487
ues 1,171,758
2,116,378
2,200,087
35,073
alties 132,237
32,226
ty 431,679
1,570,577
345,012
1,524
TOTAL REVENUES 10,459,776
4,745,388
$ 446,317 $7,247,594
365,336
3,290,136
2,235,160
164,463
49,752 $ 11,304 2,063,312
3,896 350,432
496,069 15,200 15,716,433
JUNE 30, 1985 $ 1,950,238 $4,689,807 $219,057 $(984,651)
statements
-4-
2,003,999
4,954,401
1,759,671
?.,668,775
609,679
1,520,267
4,257,514
315,000
142,018
17,231,330
15,200 (1,514,897)
1,356,197
(851,455)
504,742
15,200 (1,010,155)
104,761 7,004,567
$119,961 $ 5,994,412
1,707,487
296,512
4,954,407
r
i
1,615,971
143,700
55
�
1,668,775
609,679
k
1,342,684
177,583
406,368
3,315,991
535,155
t
$315,000
charges
142,018
rAL EXPENDITURES
11,695,692
4,543,465
457,018
535,155
.)F REVENUES OVER
ER) EXPENDITURES
(1,235,916)
201,923
(457,018)
(39,086)
(USES)
n
788,903
106,829
460,465
Lit
(824,550)
(26,905)
OTHER FINANCING
SOURCES (USES)
(35,647)
79,924
460,465
OF REVENUES AND
CES OVER (UNDER)
S AND OTHER USES
(1,271,563)
281,847
3,447
(39,086)
1984
3,221,801
4,407,960
215,610
(945,565)
JUNE 30, 1985 $ 1,950,238 $4,689,807 $219,057 $(984,651)
statements
-4-
2,003,999
4,954,401
1,759,671
?.,668,775
609,679
1,520,267
4,257,514
315,000
142,018
17,231,330
15,200 (1,514,897)
1,356,197
(851,455)
504,742
15,200 (1,010,155)
104,761 7,004,567
$119,961 $ 5,994,412
r
55
�
See notes to financial statements
CMBINED STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES - BUDGET AND
ACTUAL -
GENERAL AND SPECIAL REVENUE FUNDS
CITY OF LODI
Year Ended June 30, 1985
General Fund
_
Variance
Favorable
Budget
Actual
(Unfavorable) -
REVENUES
Taxes
$ 6,008,425
$ 5,813,667
$ (194,758)
Licenses and permits
260,455
365,336
104,881
Intergovernmental revenses
994,795
1,171,758
176,963
Charges for services
2,001,780
2,200,087
198,307
Fines, forfeits and penalties
241,650
132,237
(109,413)
Use of money and property
343,420
431,679
88,259
Miscellaneous revenues
210,100
345,012
134,912
f
TOTAL REVENUES
10,060,625
10,459,776
399,i51
EXPENDITURES
Currant:
General government
1,431,705
1,707,487
(275,782)
Public protection
4,757,793
4,954,407
(196,614)
Public works
1,687;292
1,:15 971
71,321
Sanitation
1,627,230
1,668,775
(41,545)
Library
Parks and recreation
1,408,981
1,342,684
66,297
Capital outlay
627,085
406,368
220,717
TOTAL EXPENDITURES
11,540,086
11,695,692
(155,606)
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
(1,479,461)
(1,235,916)
243,545
®
OTHER FINANCING SOURCES (USES)
Operating transfers in
753,565
788,903
35,338
Operating b transfers out
_ (559,640)
(824,550)
(264,910)
TOTAL OTHER FINANCING SOURCES (USES)
193,925
(35,647)
(229,572)
EXCESS OF REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND OTHER USES
(1,285,536)
(1,271,563)
13,973
Fund balances - July 1, 1984
3,221,801
_ 3,221,801
FUND BALANCES - JUNE 30, 1985
$ 1,936,265
$ 1,950,238
$ 13,973
See notes to financial statements
Totals
General Fund
Special Revenue Fund
(Memorandum Only)
Variance
Variance
Ludget
Favorable
Favorable
F
Actual
(Unfavorable)
Budget
Actual
(Unfavorable)
Budget
Actual
(Uri
$ 5,813,667
$ (194,758)
$ 978,645
$ 987,610
$ 8,965
$ 61987,070
$ 6,801,277
$
365,336
104,881
2600,455
365,336
1,171,758
176,963
1,895,344
2,118,378
223,034
2,890,139
3,290,136
r210100
2,200,087
198,307
36,300
35,073
(1,227)
2,038,080
2,235,160
132,237
(109,413)
38,000
32,226
(5,774)
279,650
164,463
431,679
88,259
553,330
1,570,577
1,017,247
896,750
2,002,256
345,012
134,912
17,830
1,524
(16,306)
227,930
346,536
10,459,776
399,151
3,519,449
4,745,388
1,225,939
13,580,074
15,205,164
,431,705
1,707,487
(275,782)
365,733
296,512
69,221
1,797,438
2,003,999
,757,793
4,954,407
(196,614)
4,757,793
4,954,407
,687,292
1,615,971
71,321
453,300
143,700
309,60!'
2,140,592
1,759,671
,627,230
1.668,775
(41,545)
1,627,230
1,668,775
661,740
609,679
52,061
661,740
609,679
,408,981
1,342,684
66,297
190,919
177,583
13,336
1,599,900
1,520,267
627,085
406,368
220,717
6,907,520
3,315,991
3,591,529
7,534,_605
3,722,359
1,540,086
11,695,692
(155,606)
8,579,212
4,543,465
4,�J35,747
20,119,298
16,239,157
3
x,479,461)
(1,235,515)
243,545
(5,059,763)
201,923
5,261,686
(6,539,224)
(1,033,993)
-
r
r
753,565
788,903
35,338
106,829
106,829
753,565
895,732
l(559 640)
(824,550)
(264,910)
(26,905) _
(26,905)
(559,640)
(851,455)
t
19�t 3,925
(35,647)
(229,572)
79,924
73,924
193,925
442277
-
,285,536)
(1,271,563)
13,973
(5,059,763)
281,847
5,341,610
(6,345,299)
(989,726)
5
:,221,801
3,221,801
- 4,407,960
4,407,9607,6_
_ -_29,761
7,629,761
,936,265
$ 1,950,238
$ 13,973
$ (651,803)
$4,689,807
$5,341,610
$ 1,284,462
$ 6,640 X045
S1
978,645
1,895,344
36,300
38,000
553,330
17.830
3,519,449
365,733
453,300
661,740
190,919
6.907.520
M 8,579,212
(5,059,763)
106,829
106,829
753,565
Totals
142,167
Special Revenue.
Fund
(559,640)
(Memorandum Only)
(291,815)
` 79,924
Variance
_ 193,925
44,277
Variance
(5,059,763) 281,847
Favorable
(6,345,299)
(989,716)
Favorable
Actual
(Unfavorable)
Budget
Actual
(Unfavorable)
(651,803) $4,689,807
$5,341,610
$ 1,284,462
$ 6,640,045
$5,355,583
$ 987,610
$ 8,965
$ 6,987,070
$ 6,801,277
$ (185,793)
260,455
365,336
104,881
2,118,378
223,034
2,890,139
3,290,136
399,997
35,073
(1,227)
2,038,080
2,235,160
197,080
32,226
(5,774)
279,650
164,463
(115,187)
1,570,577
1,017,247
896,750
2,002,256
1,105,506
1,524
(16,306)
- 227,930
346,536
1-1-8-16-0-6-
1816064,745,388
4,745,388
1,225,939
13,580,074
15,205,164
1,625,090
296,512
69,221
1,797,438
2,003,999
(206,561)
4,757,793
4,954,407
(196,614)
143,700
309,600
2,140,592
1,759,671
380,92.1
1,627,230
1;668,775
(41,545)
609,679
52,061
661,740
609,679
52,061
177,583
13,336
1,599,900
1,520,267
79,633
3,315,991
3,591,529
7,534,605
32722,359
3,812,246
42543,465
4,035,747
201119,298
162239,157
3,880,141
201,923
5,261,686
(6,539,224)
(1,033,993)
5,505,2.31
106,829
106,829
753,565
895,732
142,167
(26,905)
(26,905)
(559,640)
(851,455)
(291,815)
` 79,924
79,924
_ 193,925
44,277
(149,648)
(5,059,763) 281,847
5,341,610
(6,345,299)
(989,716)
5,355,583
4,4072960 4,407,960
71629,761
7,629,761
(651,803) $4,689,807
$5,341,610
$ 1,284,462
$ 6,640,045
$5,355,583
COMBINED STATEMENT OF REVENUES, EXPENSES AND CRkNGES
IN RETAINED EARNINGS/FUND BALANCES - ALL PROPRIETARY
FUND TYPES AND SIMILAR TRUST FUNDS
CITY OF LODI
Year Ended June 30, 1985
Fiduciary
Proprietary Fund Types Fund Type
Non- Tota
Internal Expendable (Memora
Enterprise Service Trust Only
OPERATING REVENUES
Charges for services $21,750,488 $21,750,
Contributions $ 479,750 $ 88,703 568,
TOTAL OPERATING REVENUES 21,750,488 479,750 88,703 22,318,
OPERATING EXPENSES
"ersonal services
2,520,495
25,440
2;545,
Supplies, materials, and services
499,382
183,119
273,280
955,
Electric, sewer., and water
13,988,070
13,988,
Depreciation
951,542
951,
Benefit payments
319,021
319,
Refunds
164,986
_
164,
TOTAL OPERATING EXPENSES
18,124,475
527,580
2.73,280
18,9251
NET OPERATING INCOME (LOSS)
3,626,013
(47,830)
(184,577)
3,393;
NONOPERATING REVENUES (EXPENSES)
Taxes -bond redemption
275,623
275,
Interest revenue
1,263,823
151,113
1,414;
Rent
96,346
11,774
108,
Other
738,218
(43,510)
v107,603
(300)
694,
TOTAL NONOPERATING REVENUES
2,374,010
. 112474
2,493;
INCOME (LOSS) BEFORE OPERATING TRANSFERS
6,000,023
59,77-1
(173,103)
5,886
Operating transfers in (out)
(852,801)
(126,338)
474,397
(504
NET INCOME (LOSS)
5,147,222
(66,565)
301,294
5,381.
Retained earnings/fund balances -
July 1, 1984
25,807,745
597,242
(236,230)
26,168
RETAINED EARNINGS/FUNTD
i
BALANCES - JUNE 30, 1.985
$30,954,967
S 530,677
$ 65,064
S3
See notes to financial statements
SES AND CHANGES
- ALL PROPRIETARY
/FUND
1985 $30,954,967 $ 530,677 $ 65,064 $31,550,708
Fiduciary
-
Proprietary
Fund Types
Fund Type
Non-
Totals
Internal
Expendable
(Memorandum
Enterprise
Service
Trust
Only)
$21,750,488
$21,750,488
$ 479,750
$ 88,703
568 453
ENUES
21,750,488
479,750
88,703
22,318,941
2,520,495
25,440
2,545,935
499,382
183,119
273,280
955,781
13,988,070
13,988,070
951,542
951,542
319,021
319,021
164,986
164,986
ENSES
18,124,475
527,580
273,280
18,925,335
LOSS)
3,626,013
(47,830)
(184,577)
3,393,606
275,623
275,623
1,263,823
151,113
1,414,936
96,346
11,774
108,120
738,218
(43,520)
(300)
6942408
ENUES
2,3741010
107,603
11,474
2,493,087
SFERS
6,000,023
59,773
(173,103)
5,886,693
(852)801)
(126,338)
474,397
(504,742)
LOSS)
5,147,222
(66,565)
301,294
5,381,951
25,807,745
597,242
(236,230)
2611681757
/FUND
1985 $30,954,967 $ 530,677 $ 65,064 $31,550,708
COMBINED STATEMENT OF CHANCES IN FINANCIAL POSIT7.ON -
ALL PROPRIETARY FUND TYPES AND SIMILAR TRUST FUNDS
CITY OF LODI
Year Endcd June 30, 1985
NET INCREASE (DECREASE) IN WORKING CAPITAL $4,814,602 S (66,565) $ 301,294 $5,049,
ELEMENTS OF NET INCREASE (DECREASE)
Fiduciary
IN WORKING CAPITAL
Proprietary
Fund Types
Fund Type
Cash and investments
$3,611,515
$(145,786)
Non-
Total
Receivables
635,127
Internal
Expendable
(Memoran
Supplies inventory
Enterprise
Service
Trust
--Only)
SOURCE OF WORKING CAPITAL
3,069
116,338
46
119,
Operations:
424,431
(5,783)
(6,910)
411,'
Net income (Loss)
$5,147,222
$ (66,565)
$ 301,294
$5,381,
Depreciation not requiring working
29,437
29,
capital
951,542
486,115
951,
TOTAL SOURCE OF WORKING CAPITAL
6,098,764
(66,565)
301,294
6,333,
USE OF WORKING CAPITAL
(1,935)
9,005
7,
Acgkiis;tion of fixed assets
1,284,162
$ (66,565)
$ 301,294
1,284,
NET INCREASE (DECREASE) IN WORKING CAPITAL $4,814,602 S (66,565) $ 301,294 $5,049,
ELEMENTS OF NET INCREASE (DECREASE)
IN WORKING CAPITAL
Cash and investments
$3,611,515
$(145,786)
$(186,716)
$3,279,
Receivables
635,127
(8,664)
6261
Supplies inventory
115,490
115,
Other assets
3,069
116,338
46
119,
Accounts payable and other liabilities
424,431
(5,783)
(6,910)
411,'
Accrued salaries and wages
(2,532)
(246)
(2,
Accrued compensated absences
29,437
29,
Payable from restricted assets
486,115
486,1
Accrued self-insurance claims
(22,670)
(22,1
Contracts payable
(1,935)
9,005
7,
NET INCREASE (DECREASE) IN WORKING CAPITAL
J4,814,602
$ (66,565)
$ 301,294
$5,04g
See notes to financial statements
-7-
FINANCIAL POSITION
SIMILAR TRUST FUNDS
Fiduciary
Proprietary Fund Types Fund Type
Non- Totals
Internal Expendable (Memorandum
Enterprise Service Trust Only)
$5,147,222 $ (66,565) $ 301,294 $5,381,951
rking
951,542 _ _ 951,542
KING CAPITAL 6,098,764 (66,565) 301,294 6,333,493
1,284,162 1,284,162
rTG CAPITAL $4,814,602 $ (66,565) $ 301,294 $5,049,331
$3,611,515
$(145,786)
$(186,716)
$3,279,013
635,127
(8,664)
626,463
115,490
115,490
3,069
116,338
46
119.4.53:_
,abilities
424,431
(5,783)
(6,910)
411,738
(2,532)
(246)
(2,778)
29,437
29,437:
is
486,115
486,11-5
s
(22,670)
(22,670)
3
(1,935)
9,005
7,070.
MING CAPITAL
$4,814,602
$ (66,565)$
301,294
$5,049,331
s
-7-
NOTES TO FINANCIAL STATEMENTS
CITY OF LODI
Tune 30, 1985
NOTE A --FINANCIAL REPORTING, ENTITY
For financial reporting purposes, in conformance with NCGA Statement 3, the
City includes all funds, account groups, agencies, boards, commissions, and
authorities that are controlled by or dependent on the City's executive or
legislative branches (the Mayor or the Council, respectively). Control by
or dependence on the City was determined on the basis of budget adoption,
taxing authority, outstanding debt secured by revenues or general obligation
of the City, obligations of the City to finance any deficits that may occur,
or receipt of significant subsidies from the City. Based on the foregoing
criteria, all funds and account groups of the City, except for the general
fixed asset group of accounts for which complete records are not maintained,
are included in the City's financial statements.
NOTE B --SIGNIFICANT ACCOUNTING POLICIES
The accounting policies of the City summarized below conform to generally
accepted accounting policies for governmental entities, except that complete
records are not maintained for fixed assets.
Basis of Presentation: The Financial transactions of the City are recorded
in individual funds and account group. The various funds and account group
are reported by type in the financial statements. Amounts in the "Totals
(Memorandum only)" columns in the financial statements represent a summation
of the combined financial statement line items of the fund types and account
group and are presented only for analytical purposes. The summation
includes fund types and the account group that use different bases of
accounting, both restricted and unrestricted amounts, interfund transactions
that have not been eliminated, and the caption "amount to be provided,"
which is not an asset in the usual sense. Consequently, amounts shown in
the "Totals (Memorandum Only)" columns are not comparable to a consolidation
and do not represent the total resources available or total revenues and
expenditures/expenses of the City.
The City uses the following fund categories, fund types, and account
group:
General Fund: To account for all financial resources except those
required to be accounted for in another fund.
M -M
NOTES TO FINANCIAL STATE.4ENTS (Continur.d)
CITY OF LODI
June 30, 1985
NOTE B --SIGNIFICANT ACCOUNTING POLICIES (Continued)
Special Revenue Funds: To account for the proceeds of specific revenue
sources, other than special assessments, expendable trusts, or capital
projects, that are legally restricted to expenditure for specific
purposes.
Debt Service Funds: To account for the accumulation of resources for,
and the payment of, general long-term debt principal and interest.
Special Assessment Funds: To account fcr the financing of public
improvements deemed to benefit the properties against which special
assessments are levied.
Enterprise Funds: To account for operations that are financed and
operated in a manner similar to private business enterprises - where
the intent of the governing body is that the costs (expenses, including
depreciation) of providing services to the general public on a
continuing basis be financed or recovered primarily through user
charges.
IriLernal Service Funds: To account for the financing of services
provided by one department to other departments of the governmental
unit on a cost -reimbursement basis.
Trust and Agency Funds: To account for assets held by a governmental
unit in a trustee capacity or as an agent for individuals, private
organizations, other governmental units, and/or other funds. These
include expendable trust funds and nonexpendabie trust funds.
General Long -Term Debt Account Group: To account for unmatured general
long-term liabilities of the City.
Basis of _Accounting: Governmental, expendable trust, and agency funds are
accounted for on the modified accrual basis of accounting. Governmental and
expendable trust fund revenues ars recognized when received in cash except
those accruable, which are recorded as recr�ivables when measurable and
available to pav current period liabilities. Expenditures are recognized on
the accrual basis, except for principal and interest of general and special
assessment long-term debt, which is recognized when financial resources are
provided.
-9-
NOTES TO FINANCLAL STATEMENTS (Continued)
CITY OF LODI
June 30, 1985
NOTE B --SIGNIFICANT ACCOUNTING POLICIES (Continued)
Proprietary and nonexpendable trust funds are accounted for on the accrual
basis of accounting. Their revenues are recognized in the period earned and
expenses are recognized in the period incurred.
Budgetary Accounting: An operating budget is adopted each fiscal year for
the general and special revenue funds on the same modified accrual basis
used to reflect actual revenues and expenditures. Budgetary control is
exercised at the department level. The City Manager is authorized to
transfer budget amounts between departments within any fund; however, any
supplemental appropriations that amend the total expenditures of any fund
require City Council resolution. Reported budget amounts are as originally
adopted or as amended by City Council resolution. Unencumbered
appropriations lapse at year-end.
Pooled Cash and Investments: Cash balances of most City funds are pooled
and invested. Interest earned from investments purchased with pooled cash
is allocated to each of the funds based on the fund's average cash balance.
Investments are stated at cost which approximates market.
Inventories: Inventory -type items are considered expenditures at the time
of issuance of supplies. Inventories of supplies are stated at the lo-er of
cost (generally determined on a weighted average basis) or market.
Fixed Assets: Complete fixed asset records for the enterprise funds are not
maintained. As a result, records are also incomplete for depreciation.
Compensated Absences: The City records liabilities, discounted to present
value, for future compensated absences (sick leave and vacation pay) earned
and vested for the General Fund and Enterprise Funds. Vacation time vests
without restriction to substantially all employees. Sick leave vests only
to employees who are eligible for retirement from the City and is based on
years of service. Amounts classified as current have been included in
current year operations. Amounts determined to be noncurrent for the
General Fund have been recorded as liabilities of the General Long -Term Debt
Account Group.
Encumbrances: Encumbrances are established in the general, special revenue,
and special assessment funds to recognize future obligations of the City.
They cease to be encumbrances when paid or when the actual liability is
recorded.
Fund Equity: Amounts reported as designated for subsequent year's
expenditures in unreserved fund equity relate to unused appropriations for
which there are no purchase orders or contracts, but are expected to be
expended during the next Fiscal year.
-10-
NOTES TO FINANCIAL STATEMENTS (Continued)
CITY OF LODI
June 30, 1985
NOTE B --SIGNIFICANT ACCOUNTING POLICIES (Continued)
Special Assessment and Related Fund Deficit: Special assessments are levied
and collected by the County and are recognized when recoived. Special
assessments receivable consist of deferred revenue since the amounts are not
considered available under generally accepted accounting ,principles.
The fund balance deficit of the special assessment fund arises because of
the application of generally accepted accounting principles to the financial
reporting for such funds. Bond proceeds used to finance construction of
special assessment projects are not recognized as an "other financing
source." Liabilities for special assessment bonds payable are accounted for
in the special assessment fund. The fund deficit will be reduced and
eliminated as deferred special assessment installments are received.
Property Taxes: The City receives property tax revenues based on an
allocation factor calculated by the County of San Joaquin under the
provisions of Proposition 13. Property taxes are received from the County
throughout the year and are recognized when received. There was no
receivable at year-end. Collections in 1985 were $2,500,000.
Sales and Use Taxes: The City receives an allocation of sales and use taxes
from the State of California monthly and recognizes the revenues when
received. The City receives 1% of the 6% sales tax assessed within City
limits.
Grants and Other Governmental Revenues: On grants, where expenditure of
funds is the prime factor for determining earnings of grant funds, the
receivable and revenue are recognized when the expenditures have been
:incurred. Amounts due from other governmental agencies and the related
revenue thereon are -ecorded when earned.
InterfUL:d Transactions: During the course of normal operations the City has
numerous transactions between funds, including expenditures and transfers of
resources to provide services, constrict assets, and service debt. The
accompanying financial statements generally reflect such transactions as
operating transfers. Operating subsidies are also recorded as operating
transfers. The classification of amounts recorded as subsidies, advances,
or equity contributions is determined by City Council.
Internal service funds are used to record charges for services to all City
departments and funds as operating revenue. The funds so charged record
these paymer_ts to the internal service funds as operating expenses.
-II-
NOTES TO FINANCIAL STATEMENTS (Contin —d)
CITY OF LODI
June 30, 1985
NOTE B --SIGNIFICANT ACCOUNTING POLLCIES (Continued)
The ;eneral fund provides administrative services to enterprise funds.
Amounts charged to a fund for these services are based on the City's central
service cost allocation plan and are treated as a reduction of expenditures
in the general fund and as operating expenses in the enterprise funds.
Self -Insurance: The City provides workers' compensation benefits and public
liability and damage benefits under self-insured plans. Estimated
liabilities for benefit payments related to outstanding claims are recorded
at year-end.
NOTE C --GRANTS
The total amount of grants available was approximately. $1,035,000 with
$723,000 of revenues earned through June 30, 1985. Grants receivable at
year-end amounted to $517,000. The amount of grants available for future
use at .June 30, 1985 was $312,000.
NOTE D --EMPLOYEE BENEFIT PLANS
The City participates in the State of California's Public Employees'
Retirement System (PERS), which covers substantially all employees, except
elected officials and those compensated on an hourly basis who were hired
after May 31, 1966. The City's total contributions to PERS for the year
were approximately $1,322,000. Information is not available as to the
excess, if any, of the actuarially -computed value of vested benefits over
the total assets of the retirement fund.
The City's deferred compensation plan has assets and liabilities totaling
$2,438,824 as of June 30, 1985 recorded in an expendable trust fund. The
deferred compensation plan i, a contributory deferred contribution plan that
covers substantially all eligible employees and provides retirement and
death benefits.
-12-
NOTES TO FINANCIAL STATEMENTS (Continued)
CITY OF LODI
June 30, 1985
NOTE E --LONG-TERM DEBT
Bonds payable at June 30, 1985 were comprised of the following individual
issues:
General obligation bonds:
$5,500,000 Series A serial bonds, issued in 1965,
due in annual installments of $185,000 to $29,000
through October 1, 1995; interest at 6% $2,690,000
$740,000 Series B serial bonds, issued in 1969,
Special assessment bonds:
$1,588,000 Turner Road/Cluff Avenue
serial bonds, issued in 1981, due 3n annual
installments of $135,000 through July 2, 1994;
interest at 10%; net of discount of $226,290
resulting in an effective interest rate of
12.64% $ 988,710
$388,/20 United Downtown Assessment District
x Beautification Project, Series 1984-1, Serial
h Bonds, issued in 1984, due in annual installments
1 of $15,000 to $45,000 commencing on July 2, '986
through July 2, 1999; interest from 6.50% to 9.90%;
less discount of $12,633 372,367
$1,36.1,077
The following is a summary of bond transactions of the City for the year
ended June 30, 1985:
Bonds payable at July 1, 1984
Bonds retired
payable at June 30, 1.985
General Special
Obligation Assessment Total
$3,765,000 $1,738,720 $5,503,720
(315,000) (138,720) (453,720)
$3,450,000 $1,600,000 S5, 050,0Oc;
-13-
due in annual
installments of
$35,000 to $55,000
3
through May 1,
1994; interest
at 6. 385,000
$960,000 Series
C serial bonds,
issued ir. 1975,
due in annual
installments of
$85,000 to $105,000
through November
1, 1988; interest at 6% 375,000
$3,450,000
Special assessment bonds:
$1,588,000 Turner Road/Cluff Avenue
serial bonds, issued in 1981, due 3n annual
installments of $135,000 through July 2, 1994;
interest at 10%; net of discount of $226,290
resulting in an effective interest rate of
12.64% $ 988,710
$388,/20 United Downtown Assessment District
x Beautification Project, Series 1984-1, Serial
h Bonds, issued in 1984, due in annual installments
1 of $15,000 to $45,000 commencing on July 2, '986
through July 2, 1999; interest from 6.50% to 9.90%;
less discount of $12,633 372,367
$1,36.1,077
The following is a summary of bond transactions of the City for the year
ended June 30, 1985:
Bonds payable at July 1, 1984
Bonds retired
payable at June 30, 1.985
General Special
Obligation Assessment Total
$3,765,000 $1,738,720 $5,503,720
(315,000) (138,720) (453,720)
$3,450,000 $1,600,000 S5, 050,0Oc;
-13-
02
NOTES TO FINANCIAL STATEMENTS (Continued)
CITY OF LODI
June 30, 1985
NOTE E --LONG-TERM DEBT (Continued)
Debt service requirements are as follows;
1986
$ 460,000
1987
485,000
1988
505,000
1989
525,000
1990
430,000
1991-1999
2,645,000
Q4 nr,n :;nn
Series A bonds maturing by their terms on and after October 1, 1988 and all
Series B bonds are subject to call and redemption at the option of the City.
No bonds were called during the year.
The City is zequired to, and has set aside, 7% and 5% of the principal of.
the Turner Road/Cluff Avenue and the United Downtown Assessment District
Beautification Project special assessment bonds, respectively, in case of
any delinquent assessment levied for retirement of the bonds.
NOTE F --SEGMENT INFORMATION FOR ENTERPRISE FUNDS
The City maintains three enterprise funds which provide electric, sewer, and
water services. Segment information for the year ended June 30, 1985 was as
follows:
Operating Revenues
Depreciation Expense
Operating Income
Operating Transfers:
In
Out
Tax Revenues
Net Income
Property, Plant, and
Equipment Additions
Net Working Capital
Total Assets
Total Equity
Electric.
Sewer
Water
Total
Utility
Utility
Utility
Enterprise
Fund
Fund
Fund
Fund
$19,001,018
$1,367,130
$1,382,340
$21,750,488
435,276
369,586
146,680
951,542
3,115,197
112,666
398,150
3,626,013
57,270
29,400
9,324
95,994
496,230
452,565
948,795
275,623
275,623
4,997,253
89,685
60,284
5,147,222.
'748,964
225,069
310',129
1;284,162
11,010,789
1,249,848
1,078,458
13,39,095
19,529,013
8,888,736
3,416,.346
31,834,09_,
18,775,653
8,797,098
3,382,216
30,954,967
-14-
M
H
E
El
NOTES TO FINANCIAL STATEMENTS (Continued)
CITY OF LODI
June 30, 1985
NOTE F ---SEGMENT INFORMATION FOR ENTERPRISE FUNDS (Continued)
Electricity service sales ro a single customer were approximately 10% of
total operating revenues of the elactric utility fund in 1985. No other
single customer accounted for more than 10% of total operating revenues in
the electric utility fund or in any of the other enterprise funds.
NOTE G --MEMBERSHIP IN THE NORTHERN CALIFORNIA POWER AGENCY
In 1973, the City, along with various other public agencies, formed the
Northern_ California Power Agency (NCPA) for the purpose of exercising their
common power to purchase, generate, sell, or inLerchange electric energy and
capacity through the acquisition and use of electrical generation and
transmission facilities.
The City, under its contractual obligations, jointly funds the operations
and construction and development programs of NCPA. During the year ended
June 30, 1985, total reimbursements of advances made ro NCPA amounted to
$1,289,000, including $332,000 of interest.
The City has committed, if necessary, to advance certain annual amounts to
NCPA in the future for the continuance of construction and development
programs. No funding of future advances is contemplated for 1986.
NOTE H --COMMITMENTS AND CONTINGENCIES
The City is involved in various litigation which arose during the normal
course of operation. The amount of possible loss cannot be reasonably
estimated, but management believes that any loss incurred as a result of
current litigation will have an immaterial effect on the City's financial
position.
-15-
OTHER FINANCIAL INFORMATION
CO�JBINING BALANCE SHEET - ALL GENERAL FUNDS
CITY OF LODI
June 30, 1985
ASSETS
Cash and investments
Receivables (net of allowances
for uncollectibles):
Refuse
Miscellaneous bills
collectible
Interest
Due from other funds or
governmental agencies
Stores Capital Work for
General Inventory Equipment Outlay Others
$1,948,362 $(47,131) $89,025 $ 943,738 $003,126
123,216
38,967
45,788
108,500
2,124
Supplies inventory 68,621
Other assets 15,778 60 _ 127
TOTAL ASSETS $2,172,111 8 21,550 189,025 11,052,238 $(100,875
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts payable and other
liabilities $ 523,795 $ 3,394
Accrued salaries and wages 238,647
Accrued compensated absences 482,912
TOTAL LIABILITIES 1,245,354 3,394
FU14D BALANCES
Reserved for encumbrances 19,166
Reserved for supplies inventory 68,621
Unreserved:
Designated for subsequent
years` expenditures 907,591 (50,465)
TOTAL FUND BALANCES 926,757 18,156
TOTAL LIABILITIES AND
FUND BALANCES $2,172,111 $_21,550
-16-
$ 2,408 $ 5,882 $ 15,20;
139 11,431
2,408 6,021 26,631
15,375
86617 1,0302842 (127,5
86,617 1,046,217 (127,5
$89,025 $1,052,238 $(100,87
NDS
Stores Capital Work for
General Inventory Equipment Outlay Others Totals
1,948,362 $(47,131) $89,025 $ 943,738 $(103,126) $2,830,868
3.23 216 123,216
38,967 2,124 41,091
45,788 45,788
108,500 108,500
68,621 68,621
15,778 60 127 15,965
172,111 $_21 ?550 189,025 $1,052,238 $(100,875) $3,234,049
523,795 $ 3,394 $ 2,408 $ 5,882 $ 15,203 $ 550,682
238,647 139 11,431 250,217
482;912 482,912
,245,34 3,394 2,408 6,021 26,634 1,283,811
19,166 15,375 34,541
68,621 68,621
907,591 (50,465) 86,617 _1,030,842 (127,509) 1,847,076
926,757 _ 18,156 86,617 1,046,217 (127,509) 1,950,238
172,111 S 21,550 $89,025 11,052,238 $(100,875) $3,234,049
Q
COMBINING BALANCE SHEET - ALL ENTERPRISE FUNDS
CITY OF LODI
June 30, 1985
Electric Sewer Water Totals
ASSETS
Cash and investments
$ 9,307,131
$ 1,177,405
$ 820,081
$11,304,617
Receivables (net of allowances
for uncollectibles):
$ 623,724
$ 14,147
$ 12,432
$ 650,303
Utility
1,454,741
60,355
86,645
1,601,741
Miscellaneous bills
97,327
64,148
13,228
1741P70_'
collectible
8,608
8,009
4,474
21,091
Interest
111,039
14,572
13,416
139,027
Supplies inventory
782,781
7,438
174,664
964,883
Other assets
2,522
9,559
80
12,161
Fixed assets
12,354,448
10,342,219
4,221,417
26,918,084
Accumulated depreciation
(4,492,257)
(2,730,821.)
(1,904,431)
(9,127,509)
TOTAL ASSETS
$19,529,013
$ 8,888,736
$ 3,416,346
$31,834,095
LIABILITIES AND RETAINED EARNINGS
LIABILITIES
Accounts payable and other
liabilities
$ 623,724
$ 14,147
$ 12,432
$ 650,303
Accrued salaries and wages
32,309
13,343
8,470
54,122
Accrued compensated absences
97,327
64,148
13,228
1741P70_'
TOTAL LIABILITIES
753,360
91,638
34,130
879,128
RETAINED EARNINGS
18,775,653
8,797,098
3,382,216
30,954,967
TOTAL LIABILITIES AND
RETAINED EARNINGS $19,5?9,013 $ 3,888,736 $ 3,416,346 $31,834,095
-17-
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS - ALL ENTERPRISE FUNDS
CITY OF LODI
Year Ended .lune 30, 1985
OPERATING REVENUES
Charges for services
OPERATING EXPENSES
Personal services
Supplies, materials, and services
Electric, sewer, and water
Depreciation
Refunds
TOTAL OPERATING EXPENSES
NET OPERATING INCOME
NONOPERATING REVENUES (EXPENSES)
Taxes -bond redemption
Interest revenue
Rent
Other
TOTAL NONOPERATING REVENUES (EXPENSES)
INCOi4E BEFORE OPERATING TRANSFERS
Electric Sewer Water Totals
$19,001,018 $ 1,367,130 $ 1,382,340 -121,750,48
1,651,097
548,414
320,984
2,520,49
241,755
199,918
57,709
499,38
13,392,707
136,546
458,817
13,988,07
435,276
369,586
146,680
951,54
164,986
164,98
15,8852821
1,254,464
984,190
18,124,47
3,115,197
112,666
398,150
3,626,01
275,623
275,62
1,056,202
104,999
102,622
1,263,82
14,124
65,975
16,247
96,34
_ 754,460
_ (2,748)
(13,494)
738,21
1,824,786
443,849 _
105,375
2,374,01
4,939,983
556,515
503,525
6,000,0 _.
Operating transfers in 57,270 29,400 9,324 95,9
Operating transfers out (496,230) (452,565) (948,7
Net operating transfers in (out) 57,270 (466,830) (443,241) (852,8
NET INCOME 4,997,253 89,685 60,284 5,147,2
Retained earnings - July 1, 1984 13,778,400 8,707,413 3,321,9�2 25,807,7
RETAINED EARNINGS - JUNE 30, 1985 $18,775,653 $ 8,797,098 $ 3,382,216 $30,954,9
-18-
a -
x
--1 8--
Electric
Sewer
Water
Totals
$19,OC1,018
$ 1,367,130
$ 1,382,340
$21,750,488
1,651,097
548,414
320.984
2,520,495
241,755
199,918
57x709
499,382
=
13,392,707
136,546
458,817
13,988,070
435,276
369,586
146,680
951,542
164,986
164,986
XPENSES
15,885,821
1,254,464
984,190
18,124,475
INCOME
3,115,197
112,666
398,150
3,626,013
275,623
275,623
1,056,202
104,999
102,622
1,263,823
14,124
65,975
16,2.47
96,346
i
_ 754,460
(2,748)
(13,494)
738,218
`1PENSES)
1,824,786
443,849
105,375
2,374,010
,2ANSFERS
4,939,983
556,515
503,52.5
6,000,023
57,270
29,400
9,324
95,994
0:96,230)
(452,565)
(948,795)
in (out)
57,270
(466,830)
(443,241)
(852,801)
T INCOME
4,997,253
39,685
60,284
5,147,222
13,778,400
8,707,413
3,3217932
25,807,745
30, 1985
$18,775,653
$ 8,797,098
$ 3,382,216
$30,954,967
r
a -
x
--1 8--