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HomeMy WebLinkAbout2014 06-18 Public Notices: City of Maplewood Summary Financial Report for Fiscal 2013 MAPLEWOOD REVIEWr Page 6 -Wednesd gy, June 18, 2014 Review _,-`M1_NNES0T -D, ITY OF RAEAPL�EulOO M Sly MARY 1 IAL REPORT OR: FISCAL 2013 The purpose of this report is to provide a summary of financial information concerning the City of Maplewood to interested citizens.. The complete financial statements may .be examined on the City's website at www,ci.maplewood.mn�.. Questions about this report should be directed to Gayle Bauman, Finance Directoir.'at 651,-249-2902. REVENUES AND EXPENDITURES STATEMENT OF NET`POSITION FOR GENERAL OPERATIONS PROPRIETARY 'FUNDS ' (Governmental Funds' Decernber' 31 -2013 Total Total Increase Business-tyDe activities - EnterlorkseFunds 2013 2012Decrease ( ) Governmental REVENUES Comri�un' Street Acfivfies ity Ta><e. , i $17,593,788 $17,703,544 $(109,756) Ambulance Center Environmental Recycling Sanitary Light Internal Special assessments 2,870,138 3,242,514 (372,376) • Service Operations Utility Program Sewer utility Totals Service Fund Licenses and permits 1,257,544 1,503,225 (245,681) ASSETS Intergovernmental 23,137,092 5,581,871 17,555,221 Current assets: Charges for services 4;711,257 4,546,296 164,961 . Cash and cash equivalents $ $ 5,362 '$ 248,621 $ 245,745 $ 543;590 -$ $ 1,043,318 $ 3,158,882 Fines and Forfeits 298,427 281,439 .16,988 Accrued interest receivable 299 296 655 1,250 3,807 Investment earnings 30,728 77,263 (46,535) Due from other governmental units 8,794 298,510 141,915. 631,317 372 1,080,908 9,970 Miscellaneous 373,260 573,572 (200,312) - Accounts Receivable (net of uncollectable) 942,651 12,835 1,663 '67,858 37,109 77,598 1,139,712 Total revenues $50,272,234 $33,509,724 $16,762,510 Due from other funds 2,296,829 2,296,829 Percapda 1,306.65 872.10 434.55 Taxes/specasses sreceivable 10,374 8,494 14,333 227 33,428 EXPENDITURES Inventory0 1255,575 Current Total current assets - 953,025 35,484 563,425 455,813 3,509,727 77,970 5;595,445 3,298,234 Building Operations $644,346 $531 7a 1 $112,555 Noncurrent assets; Citizen Services 1,155,443 1,089,961 $65,482 Structures, vehicles and equipment 792,105 12,749,034 31,904,564 22,769,780 68,215,482 5;543,714 Community Development 1,194,907 1,573,404 (378,497) Accumulated depreciation (518,832) ' 4,714,732 (8,690,509) (10,468,658) (24,392,731) (3,205,233) Executive 997,486 929,842 67,644 Total noncurrent assets 273,273 8,034,302 23,214,055 0 12,301,122 0 43,822,751 2,338,481 Finance 732,392 689,721 42,671 Fire 1,853,543: 1,682,247 171,296 Total assets $ 1,226,298 $ 8,069,786 $ 23,777,480 $ 455,813 $ 15,810,848 $ 77,970 $ 49,418,196$ 5,636,716 Legislative 180,557 171,774 8,783 LIABILITIES Parks 8 Recreation 1,156,241 1,176,513 (20,272) Current liabilities: . Police 8,061,948 7,897,375 964,573 Due toother,funds . $ 1,686,528 $ 421,272 $ $ $ $ 189,028 $ 2,296,829 $ Pubic Works 3,130,872 2,983,788 147,084 Accounts payable 11,459 62,386 5,561 58,709 2,303 15,550 155,967 238,650 Investment management Fees - General Fund 84,294 80,696 3,598 Due to other governments 9,130 11,353 2;342 22,825 256,656. Capital Outlay 27,355,504 14,763,101 12,592,403 Salaries payable 40,849 36,039 , 8,832 1,753 12,711 100;185 76,607 Debt Service: - Employee benefits payable 0 135,342 Principal Retirement 7,552,458 6,825,000 727,458 Unearned revenue 174,995 174,995 TIF developer payments 61,193 170,422 (109,229) Total current liabilities 1,747,966 706,044 14,393 60,463 15,014 206,921 2,750,801 707,255 Interest and fiscal Charges 3,181,970 3,065,942 116,028 Total expenditures $57,343,154 $43,631,577 $13,711,577, N!1mmi ent liabilities: Per capita 1,490.44 1,135.53 354.91 Employee benefits payable 0 1,448,825 Total Liabilities ` f - _ 1,747,966 706,044 14,393 60,463 15,014 206,921 2,750,801 2,156,080 -111otall Long-term indebtedness $84,894,879.---$82,81.0,059___. -_$2,084,820 - -. Percapda 2,206.55 2,155.16 51.39 NETPOSITION Net investment in capital assets 273,273 8,034,302 23,214,055 0 12,301,122 0 43,822,751 2,338,481 General Lund arta Special Revenue funds unassigned Unrestricted (794,941) (670,560) 549,032 .395,351 3,494,713 128,950 2,844,644 1,142,155 Fund balance - Decembef 31 $7,333,839 $7,019,368 • $314,471. Total net position $5- - ( $ 7,363,742n $ 23,763,087 $ = 395.351 $ 15.795,834 $ 12_8 950 $ 46 5 :$ 3480636 Per capita 190.62 182.40 8.22 STATEMENT OF REVENUE, EXPENSES AND CHANGES IN FUND NET POSITION PROPRIETARY FUNDS Year Ended December 31p'2013 Business-e Activities - Enterprise Funds Governmental,. Community -Street Activities Ambulance Center Environmental Recycling Sanitary Light Internal Service Operations Utility Program Sewer Utility' Total Service Funds OPERATING REVENUES Charges for services: Utility/recycling/ambutance billings. $ 2,380,976 $ $ 2,331,328 $ 555,357 $ 5,245,773 $ $ 10,513,434 Memberships and daily fees 1,71.5,299 1,715,299 Commodity sales 139,638 139,638 Room and Equipment 21,745 21,745 Franchise Tax 294,811 294,811 Other Services 3,211 43,369 (2,652) 3,820 14,991 62,739 8,710,487 Total Operating Revenues 2,384,187 1,920,051 2,328,676 559,177 5,260,764 ` 294,811 12,747,667 8,710,487 OPERATING EXPENSES Personnel services r1ry'3±ry°r"�Va["Yr•=��°Rt "�9, 5 .s,,: �ng 7243..3.t,.,8, v7171498" 16r„ 470 6bO 70600 4, 173n5*a16ri.r5t2• 0 tr.;;7,i f!?��Si�:•^1[ nti•v-:'y7,,19Irh8'3 ,5• fis"1�333,¢ e4npIt1276 ,MateYalshd suosL .4/ 362706300:404` „ : 70fdu958530ei408,21, Decal sation tr?".: .tc 29;604_266,647.;253;761 6 t2057 Administrative charges -General Fund 212,030 136;370 5 _ .= a .••, r-„Z rn.,' 49,580, 335,630 16,400 .750,010 Total operating expenses 2,352,932 2,559,677. 1,722,296 518;308 4,088,793 226,423 11,468,429 8,497;683 Income (loss) from operations 31,255 (639,626) 606,380 40,869 1,171,971 68,389 1,279,237 212,804 NONOPERATING REVENUES (EXPENSES) Investment income. (2,915) (1,542) 1,617 505 4,421 (274) 1,812 3,947 ' Intergovernmental 117,972 17,1713 78,629 213,779 32,410 General property taxes 444,378 453,054 897,433 Investment management fees - General Fund (4,298) (1,341) (11,747) (17,386) (10,487) Gains (loss) on disposal of capital assets (19,691) (10,393) 851 (29,233) 40,710 Total nonoperating revenues (expenses) 559,436 449,000 AL33,073 77,793 (6,476) 274 1;066,404 66,580 Income (loss) before contributions and transfers 590,690 (190,626) 593,307 118,662 1,165,495 68,115 2;345,642 279,383 Capital contributions 3,715,662 991,060 4,706,722 8,349: Transfers in 575,135 575,135 Transfers out (1,271,690) 7,960 (879,710) (2,229,360) Change in net position 590,690 384,509 3,037,278 40,702 1,276,845 68,115 5,398,139 287,732 Net Position, January 1 (1•,112,359) 6,979,233 20,725,809 354,649 14,518,989 __C1 97,065 41,269,257 3,192,903 Net Position, December 31 $ (521,668) $ 7,363,742 $ 23,763,087 $ 395,351 $ 152795,834 $ 128 950 $ _.46,667,395 $ 3,480,636 STATEMENT OF CASH FLOWS PROPRIETARY FUNDS Year Ended December 31, 2013 _ Business -type activities - Enterprise Funds . Community Street Governmental Activities Ambulance Center Environmental Recycling Sanitary Light Internal - - FLOWS FROM OPERATING ACTIVITIES Service -Operations Utility Program Sewer Utility Totals ServiceFundsCASH Receipts from customers and users $ 2,233,754 $ 1,820,717 $ 2,310,248 $ 498,838 $ 5,176,841 $ 288,621 $ 12,329,018 $ Interfurrd services provided and used (212,030) (225,398) (49,580) (466,586) .(16,400) (969,994) 8,608,508 Payments to suppliers for goods and services (536,011) (973,358) (234,725 ) (357,852) (2,554,441} (208,467) (4,864,855) `(886,212) Payments to employees for services (1,546,485 (1,335,171) (122,599), (80,382) (469,667) {4,154,305) (7,216,802) Other operating revenues 3,211 43,3fi9 (2,652) 3,820 14,991 62,739 92,309 Net Cash Provided by Operating Activities (444,443) 1,124,873 14,844 :. 1,701,137 -63,75457,561 2,402,604 597,803 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Property taxes 441,868 450,870 892,738 Intergovernmental receipts 117,972 17,178 78,629 213,779 32,410 Decrease .(incxease) in due from other funds 398,417 231,364 (270,706) 359,075 1,441,412 Increase. (decrease) in due to other funds (485546) (198;838)(63,479)- (747,864) Transfers from (ta) other funds 575,135 1,271,690 (77,960) (879,710) (1,654,225) Net cash from noncapital financing activities 74;294 844,345 (873,273) 232,033 (1,150_416) . 63,479} (936,497) 1,473,822 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition of capital assets (13,818) (395,883) (409;701) (404,639) Proceeds from sale of capital assets 851 851 91,861 Net cash flows from capital and related financing activities {13,818) 395,883 0 0 851 0 (408,851) (312,778) CASH FLOWS FROM INVESTING ACTIVITIES Investrnecrtearnings (2,915) (1,542) 1,318 209 3;766 (274) 562 1,324 Investment management fees (4,298) 1,341 (11,747) 17,386) (10,487) Net cash from investing activities (2,915) (1,542) S 2,979) 1,132 �� , (7,981) 274 ,( ) 16,824 { ) (9,164) Net increase (decrease) in cash and cash equivalents (0) 2,476 248,621 245,745 543;590 (0) 1,040;432 1,749,683 Cash and cash equivalents; January 1 2,886 2,886 1,409,199 Cash and cash equivalents, December 31 $ (0) $5,362 $ _ 248,621$ 245,745 $ _543,530 $ : l0) $f 1,043.318 $ ;_ 3,158 882 NONCASH CAPITAL AND RELATED FINANCING SOURCES Capital contributions $ $ $ 3,715,662 $ $ 991,060. $ $ 4,706,722 $ 8,349 RECONCILIATION OF OPERATING INCOME (LOSS) TO, NET. CASH PROVIDED'(USED) BY OPERATING ACTIVITIES Operating income pons) $ 31,255 $ (639,626) $ 606,380 $ 40,869 $ 1,171,971 $ 68,389 $ 1,279,237 $ 212,804 Adjustments to reconcile operating income (loss) to net cash provided (used) by operating..activities: Depreciation 66,647 253,761' 534,208 385,956 1,240,572 289,604 Changes in assets and Liabilities. Decrease (increase) in accounts receivable (147,222) (4,860) 5,221 (48,088) (34,355) (5,968) (235,271)' Decrease (increase) in due from other governments 5,682 (26,301) (8,432)_, , (34,577) (223) (63,850) (9,670) Decrease (increase) in prepaid expenses � Pe 217,291 217,291 Decrease pncrease) in inventory 0 (16,859) Increase (decrease) in accounts payable 3,364 (5,621) 3,626 31,060 (6,081) 712 27,060 .71,168 Increase (decrease) in salaries payable (2,185) 2,293 : 1;739 (565) 933 2,215 (1,474) Increase (decrease) in due to other governments (9,420) 715- 943 (7,863) 69,045 Increase (decrease) in employee benefits payable 4 (16,815) Increase (decrease) in unearned revenue (56,788)- (56,788) Total adjustments {88,816) T95,183 518,493 26,025) 529,167 4,635 1,123,366 384,999 Net cash from operating activities $ (57,561) $ (444 443) $ ====1112=4 73 $ 14.844 $ _1,701,137 $ 63.754 $ 2.402,604 $ 597,803�_ (Review: June 18, 2014) -