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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--