VARIOUS PURPOSE FUND SUMMARY

Transcription

1 Debt Service Funds Debt Service Funds are used to account for the accumulation of resources for and payment of general long-term debt principal, interest, and related costs. The City maintains two debt service funds: Various Purpose and Special Assessments. The Various Purpose Fund is the fund that pays bond principal and interest costs. This funds resources are provided by property taxes, transfers from the Special Assessments Fund, and interest earned on the resources of the fund. The Special Assessments Fund accounts for the proceeds of payments made by property owners on special assessments levied by the City Council for public improvements funded by bonds or bond anticipation notes. Expenses of the Special Assessments Fund are limited to transfers to the Debt Service Fund to service the debt used to construct the specially assessed projects. 105

2 VARIOUS PURPOSE FUND SUMMARY BALANCE 10/1/14 (Estimated) $1,588,920 (+$ County Treasurer) REVENUES Taxes $1,781,568 Other Income $7,000 Transfers $100,000 Bond Proceeds $0 TOTAL REVENUES $1,888,568 Operational and Maintenance $35,000 Debt Service Interest $2,010,000 Debt Service Principal $146,162 TOTAL $2,191,162 BALANCE 9/30/15 (includes Est. cash $1,286,326 with County Treasurer) 106

3 VARIOUS PURPOSE FUND REVENUE SUMMARY Account # Budget Taxes Property Tax 1,651, Motor Vehicle Tax 130,000 Other income Taxes TOTAL $1,781, Investment Interest 7, Interfund Transfers 100,000 Other income TOTAL $107,000 VARIOUS PURPOSE FUND TOTAL $1,888,

4 Account # VARIOUS PURPOSE FUND VARIOUS PURPOSE FUND Classification of Expenditures Amount Appropriated Contractual services Professional Services 35,000 Debt service Contractual services TOTAL $35, VP Bond Prinicipal 1,250, VP Bond Principal 100, Ref. Bond Principal 250, Refunding Bonds Prin 110, Ref. Bond Prin. 100, B Ref Bond Prin. 100, Hiway Alloc Bond Prin 100, VP Bond Interest 26, VP Bond Interest 60, Ref Bond Interest 8, Ref. Bonds Interest 20, Ref. Bond Interest 6, B Ref. Bond Interest 24,150 Debt service TOTAL $2,156,162 VARIOUS PURPOSE FUND TOTAL $2,191,

5 SPECIAL ASSESSMENT FUND SUMMARY BALANCE 10/1/14 (Estimated) $729,372 REVENUES Other Income $4,500 Assessment Principal $63,300 Assessment Interest $27,425 TOTAL REVENUES $95,225 BAN Principal $0 Transfer to Various Purpose Fund $100,000 TOTAL $100,000 BALANCE 9/30/15 $724,

6 SPECIAL ASSESSMENTS FUND REVENUE SUMMARY Account # Budget Other income Investment Interest 4,500 Special assessments Other income TOTAL $4, Assessment Principal 63, Assessment Interest 27,425 Special assessments TOTAL $90,725 SPECIAL ASSESSMENTS FUND TOTAL $95,

7 Account # SPECIAL ASSESSMENTS FUND Classification of Expenditures Amount Appropriated SPECIAL ASSESSMENTS FUND Contractual services Interfund Transfers 100,000 Contractual services TOTAL $100,000 SPECIAL ASSESSMENTS FUND TOTAL $100,

8 Capital Projects Funds Capital Projects Funds are used to account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by proprietary funds, special assessment funds and trust funds). The City budget contains two capital projects funds the BAN/Street Construction Fund and the South Landfill Cap Fund. 113

9 BAN FUND/STREET CONSTRUCTION FUND SUMMARY BALANCE 10/1/14 (Estimated) $189,189 REVENUES BAN Proceeds $1,150,000 Other Income $278,000 TOTAL REVENUES $1,428,000 Operational and Maintenance $20,000 BAN interest $9,000 Capital Outlay $1,137,940 TOTAL $1,166,940 BALANCE 9/30/15 $450,

10 BANS/STREET CONSTRUCTION FUND REVENUE SUMMARY Account # Budget Other income BAN Proceeds 1,150, Developer Participation 278,000 Other income TOTAL $1,428,000 BANS/STREET CONSTRUCTION FUND TOTAL $1,428,

11 Account # BANS/STREET CONSTRUCTION FUND Classification of Expenditures Amount Appropriated BANS/STREET CONSTRUCTION FUND Contractual services Debt Issuance Expense 20,000 Capital outlay Contractual services TOTAL $20, New Street Construction 300, Baltimore 12t to 14th Street 180, th Str Lexington to Burlingt 118, Merle Av N Shore N to 71, Nalan Dr/Meander Crc/14 178, Wendell 150'/33rd 115' 94, A alley 1-2nd Ks/St Joe 194,250 Debt service Capital outlay TOTAL $1,137, BAN Interest 9,000 Debt service TOTAL $9,000 BANS/STREET CONSTRUCTION FUND TOTAL $1,166,

12 SOUTH LANDFILL CAP FUND SUMMARY BALANCE 10/1/14 (Estimated) $56,003 REVENUES Other Income $15 TOTAL REVENUES $15 Operation & Maintenance $56,018 TOTAL $56,018 BALANCE 9/30/15 $0 117

13 SOUTH LANDFILL CAP FUND REVENUE SUMMARY Account # Budget Other income Investment Interest 15 Other income TOTAL $15 SOUTH LANDFILL CAP FUND TOTAL $15 118

14 Account # SOUTH LANDFILL CAP FUND Classification of Expenditures Amount Appropriated SOUTH LANDFILL CAP FUND Contractual services EPA Oversight/Response 56,018 Contractual services TOTAL $56,018 SOUTH LANDFILL CAP FUND TOTAL $56,

15 Enterprise Funds Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises; (a) where the intent of the governing body is that the costs (expenses, including depreciation) of providing goods or service to the general public on a continuing basis be financed or recovered primarily through user charges; or (b) where the governing body has decided that periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purpose. The City budget contains one enterprise fund the Landfill Fund. 121

16 CITY OF HASTINGS LANDFILL FUND LANDFILL DEPARTMENT Personnel Schedule FULL TIME PART TIME CLASSIFICATION AUTHORIZED AUTHORIZED Solid Waste Superintendent/Environmental Officer 1 Solid Waste Foreman 1 Solid Waste Operator 2 Solid Waste Equipment Operator I 1 Solid Waste Cashier 1 Secretary III 1 Litter Control/Grounds Maintenance Worker (A) 5 TOTAL NUMBER AUTHORIZED: 12 Full Time: 7 Part Time: 5 Note (A): 20 hours per week 122

17 LANDFILL FUND SUMMARY BALANCE 10/1/14 (Estimated) Operational $ 3,751,552 Restricted $ 2,972,231 TOTAL $ 6,723,783 REVENUES Charges for Services $1,666,200 Other Income $48,900 TOTAL REVENUES $1,715,100 Personal Services $572,681 Operations and Maintenance $520,248 Capital Outlay $3,738,428 Transfer $100,000 TOTAL $4,931,357 BALANCE 9/30/15 $3,507,526 General Restricted $2,972,

18 LANDFILL FUND REVENUE SUMMARY Account # Budget Charges for services Landfill Tipping Fees 1,600, Landfill-Waste Oil Wood Waste Processing Facility 60, Green Waste 6,000 Other income Charges for services TOTAL $1,666, Investment Interest 40, Wood Chips Income Exempt Stand Wood Chips Income Exempt Premi Wood Chips Income 5.5% Standar 1, Wood Chips Inc. 5.5% Premium 1, Miscellaneous Income 6,000 Other income TOTAL $48,900 LANDFILL FUND TOTAL $1,715,

19 Account # LANDFILL FUND Classification of Expenditures Amount Appropriated LANDFILL FUND Personal services Full Time 352, Part Time 49, Overtime 18, FICA 26, Medicare 6, Pension 24, Health Insurance 95, Life Insurance 1,013 Contractual services Personal services TOTAL $572, Professional Services 70, State Disposal Fee 75, Training & Conference 3, Postage 1, Advertising 1, Printing 1, Insurance 17, Worker's Compensation Ins. 13, Electricity 4, Natural Gas 6, Telephone 3, R & M Buildings 2, Landfill Daily Cover 42, R & M Heavy Machinery & Equip. 70, R & M Office Equipment 1, R & M Vehicles 1, Dues & Subscriptions Credit Card Processing Fee 2, Administrative Reimbursement 64, S Lndfl Past Int. Costs 6,000 Commodities Contractual services TOTAL $385, Office Supplies 1, Books & Maps Fuel & Oil 120, Sand & Gravel 1, Wearing Apparel 3, Landscaping Supplies 2,

20 Account # LANDFILL FUND Classification of Expenditures Amount Appropriated LANDFILL FUND Building Maintenance Supplies 1, Shop Supplies 1, Welding Supplies 1, Hand Tools 1,500 Capital outlay Commodities TOTAL $134, Capital Reserve 2,972, Trees/Landscaping 1, Future Landfill Sinking Fund 500, Building Improvements 5, Construction Improvements 30, Heavy Machinery & Equipment 230,197 Transfers Capital outlay TOTAL $3,738, Transfer to Gen. EPA Costs 100,000 Transfers TOTAL $100,000 LANDFILL FUND TOTAL $4,931,

21 Internal Service Funds Internal Service Funds are used to account for the financing of goods or services provided by one department or agency of the government to other departments or agencies on a cost reimbursement basis. Services accounted for in the Internal Service are tangible and it is possible to determine the extent to which they benefit individual departments or agencies of the government. The City of Hastings budget includes one Internal Service Fund the Self Insured Health Fund. 127

22 SELF-INSURED HEALTH FUND SUMMARY BALANCE 10/01/14 (Estimated) $2,646,723 REVENUES Other Income $2,636,253 TOTAL REVENUES $2,636,253 Personal Services $13,000 Operation and Maintenance $2,658,750 TOTAL $2,671,750 BALANCE 9/30/15 $2,611,

23 SELF INSURED HEALTH FUND REVENUE SUMMARY Account # Budget Other income Investment Interest 23, Payments - Past Employees 19, Payments-Current Employees 321, City Contribution 2,122, Reimb.From Insurance Carrier 150,000 Other income TOTAL $2,636,253 SELF INSURED HEALTH FUND TOTAL $2,636,

24 Account # SELF INSURED HEALTH FUND Classification of Expenditures Amount Appropriated SELF INSURED HEALTH FUND Personal services Sick Leave Payments 13,000 Contractual services Personal services TOTAL $13, IRS Research Fee Administrative Fees 100, Health Claims 2,200, Employee Wellness 8, Stop Loss Ins. Premium 350,000 Contractual services TOTAL $2,658,750 SELF INSURED HEALTH FUND TOTAL $2,671,

25 Fiduciary Funds Fiduciary Funds are used to account for assets held by a government in a trustee capacity for individuals, private organizations, other governments, and/or other funds. Non-expendable trust funds are those whose principal must be preserved intact. Expendable Trust Funds are those whose principal and income may be expended in the course of their designated operations. The City has four expendable trust funds the Cemetery Perpetual Care Fund, the Perpetual Housing Rehabilitation Loan Fund, Aquatics Center Fund and the Police Department Equipment Sinking Fund. 131

26 CEMETERY PERPETUAL CARE FUND SUMMARY BALANCE 10/1/14 (Estimated) $95,163 REVENUES Other Income $2,800 TOTAL REVENUES $2,800 Reserve $55,062 TOTAL $55,062 BALANCE 9/30/15 $42,901 Plus reserve $55,

27 CEMETERY PERPETUAL CARE FUND REVENUE SUMMARY Account # Budget Other income Investment Interest Columbarium Niche Sales 2,000 Other income TOTAL $2,800 CEMETERY PERPETUAL CARE FUND TOTAL $2,

28 Account # CEMETERY PERPETUAL CARE FUND Classification of Expenditures Amount Appropriated CEMETERY PERPETUAL CARE FUND Capital outlay Capital Reserve 55,062 Capital outlay TOTAL $55,062 CEMETERY PERPETUAL CARE FUND TOTAL $55,

29 PERPETUAL HOUSING REHABILITATION LOAN FUND SUMMARY BALANCE 10/1/14 (Estimated) $14,012 REVENUES Other Income $0 TOTAL REVENUES $0 Operations and Maintenance $14,012 TOTAL $14,012 BALANCE 9/30/15 $0 135

30 PERPETUAL HOUSING REHABILITATION FUND REVENUE SUMMARY Account # Budget TOTAL 0.00 PERPETUAL HOUSING REHABILITATION FUND TOTAL

31 Account # PERPETUAL HOUSING REHABILITATION FUND Classification of Expenditures Amount Appropriated PERPETUAL HOUSING REHABILITATION FUND Contractual services Blight Abatement 14,012 Contractual services TOTAL $14,012 PERPETUAL HOUSING REHABILITATION FUND TOTAL $14,

32 AQUATICS CENTER FUND SUMMARY BALANCE 10/1/14 $1,046,347 REVENUES Other Income $7,000 TOTAL REVENUES $7,000 Aquatic Reserve $1,000,000 Operations & Maintenance $24,047 Capital Outlay $29,300 TOTAL $1,053,347 BALANCE 9/30/15 $0 Reserve $1,000,

33 AQUATICS CENTER FUND REVENUE SUMMARY Account # Budget Other income Investment Interest 7,000 Other income TOTAL $7,000 AQUATICS CENTER FUND TOTAL $7,

34 Account # AQUATICS CENTER FUND AQUATICS CENTER FUND Classification of Expenditures Amount Appropriated Contractual services R & M Buildings 24,047 Capital outlay Contractual services TOTAL $24, Capital Reserve 1,000, Tools & Miscellaneous Equip. 29,300 Capital outlay TOTAL $1,029,300 AQUATICS CENTER FUND TOTAL $1,053,

35 POLICE DEPARTMENT EQUIPMENT SINKING FUND SUMMARY BALANCE 10/1/14 (Estimated) $608,321 REVENUES Intergovernmental $0 Other Income $2,400 TOTAL REVENUES $2,400 Capital Reserve $409,864 Capital Outlay $200,000 TOTAL $609,864 BALANCE 9/30/15 $857 Reserve $409,864 $410,

36 POLICE DEPARTMENT EQUIPMENT SINKING FUND REVENUE SUMMARY Account # Budget Other income Investment Interest 2,400 Other income TOTAL $2,400 POLICE DEPARTMENT EQUIPMENT SINKING FUND TOTAL $2,

37 POLICE DEPARTMENT EQUIPMENT SINKING FUND Account # Classification of Expenditures Amount Appropriated POLICE DEPARTMENT EQUIPMENT SINKING FUND Capital outlay Capital Reserve 409, Departmental Capital Outlay 200,000 Capital outlay TOTAL $609,864 POLICE DEPARTMENT EQUIPMENT SINKING FUND TOTAL $609,