HomeMy WebLinkAbout1993Lew
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CITY OF CHUBBUCK, IDAHO
GENERAL PURPOSE FINANCIAL STATEMENTS
AND OTHER FINANCIAL INFORMATION
SEPTEMBER 30, 1993
jkn Jones, Yost, Hatt,
Erickson � Co.
CERTIFIED PUBLIC ACCOUNTANTS
POCATELLO, IDAHO
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CITY OF CHUBBUCK, IDAHO
GENERAL PURPOSE FINANCIAL STATEMENTS
AND OTHER FINANCIAL INFORMATION
SEPTEMBER 30, 1993
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CITY OF CHUBBUCK
ANNUAL FINANCIAL REPORT
YEAR ENDED SEPTEMBER 30, 1993
TABLE OF CONTENTS
Page
Independent Auditor's Report Numbers
Report on Compliance
Report on Internal Control Structure
General Purpose Financial Statements:
Combined Balance Sheet - All Fund Types and Account Groups . . . . . 7
Combined Statement of Revenue, Expenditures, and Changes in Fund
Balance - All Governmental Fund Types . . . . . . . . . . . . . . 9
Combined Statement of Revenue, Expenses, and Changes in Retained
Earnings - All Proprietary Fund Types . . . . . . . . . . . . . . 10
Statement of Cash Flows -- All Proprietary Funds Types . . . . . . . 11
General Fund:
Statement of Revenue and Expenditures - Budget and Actual . . . . 12
Proprietary Fund Types:
Statement of Changes in Fixed Assets . . . . . . . . . . . . . . 13
Notes to Financial Statements . . . . . . . . . . . . . . . . . . . 14
OTHER STATEMENTS AND SCHEDULES
Statement
of Expenditures - Budget
and Actual, General Fund
25
Combining
Balance Sheet - Special
Revenue Funds . . . . . . . . . .
27
Combining
Statement of Revenue and
Expenditures and Changes in Fund
41
Balance
- Special Revenue Funds
. . . . . . . . . . . . . . . . .
29
Combining
Balance Sheet - Capital
Project Funds . . . . . . . . . .
31
Combining
Statement of Revenue and
Expenditures -
Capital
Project Funds . . . . .
. . . . . . . . . . . . . . . . .
33
Combining
Balance Sheet - Enterprise
Funds . . . . . . . . . . . . .
35
Combining
Statement of Revenue and
Expenses - Enterprise Funds . . .
37
Statistical Section:
Ten
Year Summary of
Tax Levies . . . . . . . . . . . . . . . . .
39
Report
on Supplemental
Schedule of Federal Financial Assistance . .
40
Supplemental
Schedule
of Federal Financial Assistance . . . . . . .
41
Single
Audit Report on
Compliance with Specific Requirements Applicable
to
Nonmajor Federal
Financial Assistance Program Transactions
42
Single
Audit Report on
Compliance With General Requirements
Applicable
to Federal Financial Assistance Programs
43
Single
Audit Report on
Internal Control Structure . . . . . . . . .
44
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16 hones, Yost, Hatt,
j Erickson & Co,
SCOTT N. JONES, CPA CERTIFIED PUBLIC ACCOUNTANTS
KENT L. YOST, CPA, JD P.O. BOX 4987
MORGAN J. HATT, CPA Pocatello, Idaho 83205
STACY L. ERICKSON, CPA
Honorable Mayor and City Council Members
City of Chubbuck, Idaho
Independent Auditor's Report
MEMBERS OF
American Institute of
Certified Public Accountants
Idaho Society of
Certified Public Accountants
We have audited the accompanying general purpose financial statements
of the City of Chubbuck, Idaho, as of September 30, 1993, and for the year
then ended. These general purpose financial statements are the responsibility
of City management. Our responsibility is to express an opinion on these
general purpose financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and conduct the audit to
obtain reasonable assurance about whether the general purpose financial
statements are free of material misstatement. An audit includes examining,
on a test basis, evidence supporting the amounts and disclosures in the
general purpose financial statements. An audit also includes assessing
the accounting principles used and significant estimates made by management,
as well as evaluating the overall financial statement presentation. We
believe that our audit provides a reasonable basis for our opinion.
In our opinion the general purpose financial statements referred to in the
first paragraph present fairly, in all material respects, the financial position
of the City of Chubbuck, Idaho, as of September 30, 1993, and the results of
its operations and changes in cash of its proprietary fund types for the year
then ended, in conformity with generally accepted accounting principles.
Our audit was made for the purpose of forming an opinion on the general
purpose financial statements taken as a whole. The combining, individual fund
financial statements and schedules listed in the table of contents are presented
for purposes of additional analysis and are not a required part of the general
purpose financial statements of the City of Chubbuck. This information has
been subjected to the auditing procedures applied in the audit of the general
purpose financial statements and, in our opinion, is fairly stated in all
material respects in relation to the general purpose financial statements taken
as a whole.
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JON YOST, HATT-, ERICKSON & CO.
Pocatello, Idaho,
February 11, 1994.
416 SOUTH 4TH AVENUE , P.O. BOX 4987 • POCATELLO, IDAHO 83205 • PHONE 2081233-5000 9 FAX 2081233-5010
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jkn Jones, Yost, Hatt,
!tic Erickson & Co.
SCOTT N. JONES, CPA CFRTIFEED PUBLIC ACCOUNTANTS
KENT L. YOST, CPA, JD P.O. BOX 4987
MORGAN J. HATT, CPA Pocatello, Idaho 83205
STACY L. ERICKSON, CPA
Honorable Mayor and City Council Members
City of Chubbuck, Idaho
Independent Auditor's Report
MFMBERS OF
American Institute of
Certified Public Accountants
Idaho Society of
Certified Public Accountants
Compliance Report Based on an Audit of General Purpose Financial Statements
Performed in Accordance With Government Auditing Standards
We have audited the general purpose financial statements of the City
of Chubbuck, Idaho, as of and for the year ended September 30, 1993, and
have issued our report thereon dated February 11, 1994.
We conducted our audit in accordance with generally accepted auditing
standards and Government Auditing Standards, issued by the Comptroller
General of the United States. Those standards require that we plan and
conduct the audit to obtain reasonable assurance about whether the general
purpose financial statements are free of material misstatement.
Compliance with laws, regulations, contracts, and grants applicable to
the City of Chubbuck, Idaho, is the responsibility of City management. As
part of obtaining reasonable assurance about whether the general purpose
financial statements are free of material misstatement, we conducted tests
of the City's compliance with certain provisions of laws, regulations, and
contracts. However, our objective was not to provide an overall compliance
with such provisions. Accordingly, we do not express such an opinion.
The results of our tests indicate that, with respect to the items tested,
the City of Chubbuck, Idaho, complied, in all material respects, with the
provisions referred to in the preceding paragraph. With respect to items not
tested, nothing came to our attention that caused us to believe that the City
had not complied, in all material respects, with those provisions.
This report is intended for the information of the City of Chubbuck, and
its Federal audit cognizant agency. This restriction is not intended to limit
the distribution of this report, which is a matter of public record.
/JWJ2 GJ ,
JOKE YCOST, HATT, ERICKSON & CO.
Pocatello, Idaho,
February 11, 1994.
416 SOUTH 4TH AVENUE • P.O. BOX 4987 • POCATELLO, IDAHO 83205 • PHONE 2081233-5000 • FAX 2081233-5010
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I kn Jones, Yost, Hatt,
6 Erickson & Co.
SCOTT N. JONES, CPA J) CERTIFIED PUBLIC ACCOUNTANTS
KENT L. YOST, CPA, JD P.O. BOX 4987
MORGAN J. HATT, CPA Pocatello, Idaho 83205
STACY L. ERICKSON, CPA
Honorable Mayor and City Council Members
City of Chubbuck, Idaho
MEMBERS OF
American Institute of
Certified Public Accountants
Idaho Society of
Certified Public Accountants
Report on Internal Control Structure Based on an Audit of General Purpose
Financial Statements Performed in Accordance With Government Auditing
Standards
We have audited the general purpose financial statements of the City of
Chubbuck, Idaho, as of and for the year ended September 30, 1993, and
have issued our report thereon dated February 11, 1994.
We conducted our audit in accordance with generally accepted auditing
standards; Government Auditing Standards, issued by the Comptroller General
of the United States. Those standards require that we plan and perform the
audit to obtain reasonable assurance about whether the general purpose
financial statements are free of material misstatement.
In planning and performing our audit of the general purpose financial
statements of the City of Chubbuck, Idaho, for the year ended September 30,
1993, we considered its internal control structure in order to determine our
auditing procedures for the purpose of expressing our opinion on the general
purpose financial statements and not to provide assurance on the internal control
structure.
Management of the City of Chubbuck, Idaho, is responsible for
establishing and maintaining an internal control structure. In fulfilling
this responsibility, estimates and judgments by management are required to
assess the expected benefits and related costs of internal control structure
policies and procedures. The objectives of an internal control structure are
to provide management with reasonable, but not absolute, assurance that assets
are safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit the preparation of general purpose financial
statements in accordance with generally accepted accounting principles. Because
of inherent limitations in any internal control structure, errors or irregularities
may nevertheless occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that procedures may
become inadequate because of changes in conditions or that the effectiveness
of the design and operation of policies and procedures may deteriorate.
416 SOUTH 4TH AVENUE • P.O. BOX 4987 • POCATELLO, IDAHO 83205 • PHONE 2081233-5000 • FAX 2081233-5010
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Honorable Mayor and City Council Members
Page 2
For the purpose of this report, we have classified the significant internal
control structure policies and procedures in the following categories:
Internal Account
Cash
Payroll
Grants
Budgets
Controls
Revenues
Expenditures
Fixed Assets
Purchasing
For all of the internal control structure categories listed above, we
obtained an understanding of the design of relevant policies and procedures
and whether they have been placed in operation, and we assessed control risk.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of one or more of the internal control structure elements does not
reduce to a relatively low level the risk that errors and irregularities in
amounts that would be material in relation to the general purpose financial
statements being audited may occur and not be detected within a timely period
by employees in the normal course of performing their assigned functions.
We noted no matters involving the internal control structure and its operations
that we consider to be material weaknesses as defined above.
This report is intended for information of the City of Chubbuck and
Federal agencies. however, this report is a matter of public record and its
distribution is not limited.
2 l
JONE YOS , HATY, ERICKSON CO. '
Pocatello, Idaho,
February 11, 1994.
CITY OF CHUBBUCK
COMBINED BALANCE SHEET
ALL FUND TYPES AND ACCOUNT GROUPS
SEPTEMBER 30, 1993
ASSETS:
Cash . . . . . . . . . . . . . . . . .
Receivables:
Property taxes (Note 1-H) .
State sales tax . . . . . . . . . .
Highway users' tax . . . . . . . .
Inventory phase-out tax . . . . . .
Accounts (Note 1-B) . . . . . . . .
Court . . . . . . . . . . . . . . .
State liquor tax. . . . . . . . . .
Note receivable . . . . . . . . . .
Grant . . . . . . . . . . . . . . .
Amount to be provided for general
obligation bonds . . . . . . . . .
Restricted Cash:
Replacement funds . . . . . . . . .
Bond reserve . . . . . . . . . . .
Water meter deposits . . . . . . .
Fixed assets -net (Note 1-C). . . . . .
Total assets . . . . . . . . . . .
LIABILITIES:
Accounts payable . . . . . . . . . . .
Deposits payable . . . . . . . . . . .
Deferred property taxes. . . . . . . .
Deferred grant . . . . , . .
General obligation bonds payable .
Payable from Restricted Cash:
Bonds payable - current . . . . . .
Accrued bond interest payable . . .
Bonds payable - long term. .
Total liabilities . . . . . . . . .
FUND EQUITY:
Investment in general fixed assets .
Retained earnings . . . . . . . . . .
Contributed capital - net . . . . . .
Reserve for debt service . . . . . . .
Reserve for replacement funds . . . .
Fund balance - undesignated . . . . .
Total fund equity . . . . . . . . .
Total liabilities and fund equity .
Governmental Fund Types
Special
General Revenue
Fund Funds
$ 115,848 $ 45,542
38,906
58,230
73,173
13,767
3,976
4,761
10,632
8,166
Capital
Project
Funds
$ 356,951
$ 327,459 $ 45,542 $ 356,951
----------- ----------- -----------
$ 17,591
29,878
8,166
55,635 $ 0 $ 0
271,824 45,542 356,951
271,824 45,542 356,951
$ 327,459 $ 45,542 $ 356,951
The accompanying notes are an integral part of these statements.
-7-
Proprietary
Fund Types
Account
Groups
Internai
General
_
General
Totals
Enterprise
Service
Fixed
Long -Term
(Memorandum
Funds
Fund
Assets
Debt
Only)
$ 236,331
$ 10,086
$ 764,758
38,906
58,230
73,173
13,767
201,592 201,592
3,976
4,761
10,632
8,166
$ 435,000 435,000
561,642 561.642
290,094 290,094
60,540 60,540
1,874,810 66,771 $ 2,471,661 4,413,242
$ 3,225,009 $ 76,857 $ 2,471,661 $ 435,000 $ 6,938,479
$ 17,695
60,540
$ 435,000
$ 35,286
60,540
29,878
8, 166
435,000
40,000 40,000
23,400 23,400
790,000 790,000
931,635 $ 0 $ 0 435,000 1,422,270
2,471,661
856,920 76,857
584,718
290,094
561,642
2,293,374 76,857 2,471,661
$ 3,225,009 $ 76,857 $ 2,471,661
1P "jj, VVV
2,471,661
933,777
584,718
290,094
561,642
674,317
5,516,209
$ 6,938,479
CITY OF CHUBBUCK
COMBINED STATEMENT OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE
ALL GOVERNMENTAL FUND TYPES
YEAR ENDED SEPTEMBER 30, 1993
Governmental Fund Types
EXCESS REVENUE OR
(EXPENDITURES) . . . . .
66,247
Special
Capital
Totals
OTHER FINANCING SOURCES (USES):
General
Revenue
Project
(Memorandum
REVENUE:
Fund
Funds
Funds
Only)
Taxes . . . . . . . . . $
1,538,981
$ 1,538,981
Licenses and permits . .
61,772
EXCESS (SOURCES/USES)
-22,453
61,772
Court revenue. . . . . .
52,978
FUND BALANCE - BEGINNING
294,277
52,978
Refunds . . . . . . . .
11,855
11,855
Interest . . . . . . . .
6,104
$ 1,238
$ 10,204
17,546
Donations . . . . . . .
13,356
324
13,680
Grants . . . . . . . . .
53,460
53,460
Miscellaneous . . . . .
13,174
2,388
15,562
Fire protection service.
57,537
57,537
Program income
34,434
34,434
Total revenue
1,830,295
16,982
10,528
1,857,805
EXPENDITURES:
General government
184,880
2,446
1,204
188,530
Law enforcement. .
744,569
744,569
Fire control . . . . . .
216,584
216,584
Parks and recreation
137,965
137,965
Highways and streets
336,568
336,568
Health and welfare .
12,055
12,055
Capital outlay . . . . .
73,437
43,788
117,225
Debt service . . . . . .
57,990
57,990
Total expenditures
1,764,048
2,446
44,992
1,811,486
EXCESS REVENUE OR
(EXPENDITURES) . . . . .
66,247
14,536
-34,464
46,319
OTHER FINANCING SOURCES (USES):
Transfers from other funds
2,500
88,700
91,200
Transfers to other funds
-88,700
-88,700
EXCESS (SOURCES/USES)
-22,453
17,036
54,236
48,819
FUND BALANCE - BEGINNING
294,277
28,506
302,715
625,498
FUND BALANCE - ENDING . . . $
271,824 $
45,542 $
356,951 $
674,317
The accompanying notes are an integral part of these statements.
-9-
CITY OF CHUBBUCK
COMBINED STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS
ALL PROPRIETARY FUND TYPES
YEAR ENDED SEPTEMBER 30, 1993
OPERATING REVENUE:
Service Charges . . . . . . . . . .
Interfund revenue . . . . . . . . .
Total operating revenue . . . . .
OPERATING EXPENSES:
Personnel . . . . . . . . . . . . .
Personnel benefits . . . . . . . . .
Supplies . . . . . . . . . . . . . .
Purchased services . . . . . . . . .
Interfund expenses . . . . . . . . .
Depreciation . . . . . . . . . . . .
Total operating expenses . . . .
OPERATING INCOME . . . . . . . . . . .
NONOPERATING REVENUE (EXPENSES):
Interest income . . . . . . . . . .
Interest expense . . . . . . . . . .
Total nonoperating revenue
(expenses) . . . . . . . . . .
NETINCOME . . . . . . . . . . . . . .
OTHER FINANCING SOURCES (USES):
Transfers from other funds .
Transfers to other funds . . . . . .
RETAINED EARNINGS, RESERVES:
Balance - Beginning . . . . . . . .
RETAINED EARNINGS, RESERVES:
Balance - Ending . . . . . . . . . .
Water, Sewer
and Garbage Internal
Enterprise Service
Fund Fund
$ 1,591,611
$ 92,298
1,591,611 92,298
To tal s
$ 1,591,611
92,298
1,683,909
386,712
60,296
447,008
154,692
154,692
52,332
6,072
58,404
631,322
11,275
642,597
21,000
21,000
116,634
4,212
120,846
1,362,692
81,855
1,1444,547
228,919
10,443
239,362
28,484
28,484
-51,363
-51,363
-22,879
-22,879
206,040
10,443
216,483
113,176
113,176
-115,676
-115,676
1,505,116
66,415
1,571,531
$ 1,708,656 $
76,858 $
1,785,514
The accompanying notes are an integral part of these statements.
-10-
CITY OF CHUBBUCK
STATEMENT OF CASH FLOWS
ALL PROPRIETARY FUND TYPES
YEAR ENDED SEPTEMBER 30, 1993
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets . . . . . . . . . . . . . . . . -25,346 -3,476
CASH FLOWS FROM FINANCING ACTIVITIES:
Bond principal payments . . . . . . . . . . . . . . . . -40,000 0
NETCASH TRANSFERS . . . . . . . . . . . . . . . . . . . . -2,500 0
NET INCREASE (DECREASE) IN CASH . . . . . . . . . . . . . 220,372 11,179
CASH AT SEPTEMBER 30, 1992 . . . . . . . . . . . . . . . 928,235 -1,093
CASH AT SEPTEMBER 30, 1993 • • • . • • . . • • • . • • • • $ 1,148,607 $ 10,086
The accompanying notes are an integral part of these statements.
-11-
Water, Sewer
and Garbage
Internal
Enterprise
Service
CASH FLOWS FROM OPERATING ACTIVITIES:
Fund
Fund
Net income . . . . . . . . . . . . . . . . . . . .
. . . $ 206,040
$ 10,443
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation . . . . . . . . . . . . . . . . . .
. . . 116,634
4,212
Increase in accounts receivable . . . . . . . .
. . . -25,526
Decrease in accounts payable . . . . . . . . .
. . . -12,515
Increase in deposits payable . . . . . . . . . .
. . . 4,285
Decrease in accrued interest . . . . . . . . .
. . . -700
Total adjustments . . . . . . . . . . . . .
. . . 82,178
4,212
Net cash provided by operating
activities . . . . . . . . . . . . . . . .
. . . 288,218
14,655
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets . . . . . . . . . . . . . . . . -25,346 -3,476
CASH FLOWS FROM FINANCING ACTIVITIES:
Bond principal payments . . . . . . . . . . . . . . . . -40,000 0
NETCASH TRANSFERS . . . . . . . . . . . . . . . . . . . . -2,500 0
NET INCREASE (DECREASE) IN CASH . . . . . . . . . . . . . 220,372 11,179
CASH AT SEPTEMBER 30, 1992 . . . . . . . . . . . . . . . 928,235 -1,093
CASH AT SEPTEMBER 30, 1993 • • • . • • . . • • • . • • • • $ 1,148,607 $ 10,086
The accompanying notes are an integral part of these statements.
-11-
CITY OF CHUBBUCK
STATEMENT OF REVENUE AND EXPENDITURES
BUDGET AND ACTUAL
GENERAL FUND
YEAR ENDED SEPTEMBER 30, 1993
REVENUE:
Property taxes . . . . . . . . . . .
Sales tax . . . . . . . . . . . . . .
Inventory phaseout . . . . . . . . . .
Highway users tax . . . . . . . . . .
Liquor Lax . . . . . . . . . . . . . .
Road and bridge tax . . . . . . . . .
Franchise taxes . . . . . . . . . . .
Interest on delinquent taxes . . . . .
Subtotal . . . . . . . . . . . . .
Budget
Actual
Variance
$ 882,749
$ 898,732
$ 15,983
200,000
204,992
4,992
39,800
47,987
8,187
270,000
273,016
3,016
20,000
27,911
7,911
27,500
38,440
10,940
41,300
39,970
-1,330
10,000
7,933
-2,067
-463
Program income . . . . . . . . .
. . . 37,500
1,491,349
1,538,981
47,632
State grants . . . . . . . . . .
. . . 36,784
53,460
16,676
Court revenue . . . . . . . . .
. . . 78,000
52,978
-25,022
Insurance refund . . . . . . . .
. . . 10,000
11,855
1,855
Licenses and permits . . . . . .
. . . 38,150
61,772
23,622
Interest . . . . . . . . . . . .
. . . 15,000
6,104
-8,896
Miscellaneous . . . . . . . .
33,950
13,174
-20,776
Fire Protection Service . . .
58,000
57,537
-463
Program income . . . . . . . . .
. . . 37,500
34,434
-3,066
Total revenue . . . . . . . .
. . . 1,798,733
1,830,295
31,562
EXPENDITURES:
General Government . . . . . . . . . .
Law enforcement . . . . . . . . . . .
Fire control . . . . . . . . . . . . .
Parks and recreation . . . . . . . . .
Highways and streets . . . . . . . . .
Health and welfare . . . . . . . . . .
Capital outlay . . . . . . . . . . . .
Debt service . . . . . . . . . . . . .
181,923
184,880
-2,957
738,748
744,569
-5,821
228,588
216,584
12,004
140,878
137,965
2,913
384,197
336,568
47,629
15,724
12,055
3,669
86,448
73,437
13,011
57,400
57,990
-590
Total expenditures . . . . . . . . 1,833,906 1,764,048 69,858
EXCESS REVENUE OR (EXPENDITURES) . . . .
TRANSFERS TO OTHER FUNDS . . . . . . . .
TRANSFERS FROM OTHER FUNDS . . . . . . .
-35,173 66,247 101,420
-95,700 --88,700 7,000
EXCESS SOURCES (USES) . . . . . . . . . . $ -130,873 $ -22,453 $ 108,420
The accompanying notes are an integral part of these statements.
-12-
CITY OF CHUBBUCK
STATEMENT OF CHANGES IN FIXED ASSETS
PROPRIETARY FUND TYPES
YEAR ENDED SEPTEMBER 30, 1993
ENTERPRISE FUND FIXED ASSETS: _
Balance at cost -- September 30, 1992 $
Additions . . . . . . . . . . . . . .
Deletions . . . . . . . . . . . . . .
Storage
and Buildings
Distribution and
System Equipment Totals
3,152,929 $ 579,521 $ 3,732,450
25,346 25,346
0
Balance at cost
- September 30, 1993 -
3,152,929
604,867
3,757,796
Less accumulated
depreciation
-1,579,237
-303,750
-1,882,987
Balance - net -
September 30, 1993 .
$ 1,573,692 $
301,117 $
1,874,809
INTERNAL SERVICE FUND FIXED ASSETS:
Balance at cost
- September 30, 1992
$
99,622 $
99,622
Additions:
Equipment .
. . . . . . . . . . .
$ 0
3,476
3,476
Balance at cost
- September 30, 1993
103,098
103,098
Less accumulated
depreciation
0
-36,327
-36,327
Balance - net -
September 30, 1993
$ 0 $
66,771 $
66,771
The accompanying notes are an integral part of these statements.
-13-
r I
CITY OF CHUBBUCK
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 1993
(1) A. REPORTING ENTITY
The City of Chubbuck, Idaho was incorporated on December b, 1949.
For financial reporting purposes, management has considered potential
component units. The decision to include a potential component unit
in the reporting entity is made by applying the criteria set forth in
generally accepted accounting principles. The basic criterion for
including a potential component unit within the reporting entity is the
governing body's ability to exercise oversight responsibility. A
second criterion used in evaluating potential component units is the
scope of public service. A third criterion used to evaluate potential
component units for inclusion or exclusion from the reporting entity is
the existence of special financing relationships, regardless of
whether the City is able to exercise oversight responsibilities. Based
upon the application of these criteria, the City has no potential
component units.
B. FUND ACCOUNTING
The accounts of the City are organized on the basis of funds and account
groups, each of which is considered a separate accounting entity. The
operations of each fund are accounted for with a separate set of self -
balancing accounts that comprise its assets, liabilities, fund equity,
revenues, and expenditures, or expenses, as appropriate. Government
resources are allocated to and accounted for in individual funds based
upon the purposes for which they are to be spent and the means by which
spending activities are controlled.
GOVERNMENTAL FUNDS
General Fund - The General Fund is the general operating fund of the City.
It is used to account for all financial resources except those required
to be accounted for in another Hand.
PROPRIETARY FUNDS
Enterprise Funds - Enterprise Funds are used to account for operations
(a) 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 goods or services 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 purposes.
-14-
CITY OF CHUBBUCK
NOTES TO FINANCIAL STATEMENTS -- CONTINUED
SEPTEMBER 30, 1993
B. FUND ACCOUNTING - CONTINUED
All proprietary funds are accounted for on a cost of services or
"capital maintenance" measurement focus. This means that all assets
and liabilities (whether current or noncurrent) associated with their
activity are included on their balance sheets. Their reported fund
equity (net total assets) is segregated into contributed capital and
retained earnings components. Proprietary fund type operating statements
present increases (revenues) and decreases (expenses) in net total assets.
Due to small amounts of losses, the City does not make an allowance for
doubtful accounts in the Plater and Sewer Enterprise Funds.
C. FIXED ASSETS
The accounting and reporting treatment applied to the fixed assets
associated with a fund are determined by its measurement focus. All
governmental funds are accounted for on a spending or "financial flow"
measurement focus. This means that only current assets and current
liabilities are generally included on their balance sheets. Their reported
fund balance (net current assets) is considered a measure of "available
spendable resources." Governmental fund operating statements present
increases (revenues and other financing sources) and decreases (expenditures
and other financing uses) in net current assets. Accordingly, they are
said to present a summary of sources and uses of "available spendable
resources" during a period.
Fixed assets used in governmental fund type operations (general fixed
assets) are accounted for in the General Fixed Assets Account Group,
rather than in governmental funds. No depreciation has been provided on
general fixed assets.
All fixed assets are valued at historical cost or estimated historical
cost if actual historical cost is not available. Donated fixed assets
are valued at their estimated fair value on the date donated. Infra-
structure is not included in fixed assets.
An account group is not a "fund." It is concerned only with the
measurement of financial position. It is not involved with measurement
of results of operations.
D.- BASIS OF ACCOUNTING
Basis of accounting refers to when revenues and expenditures or expenses
are recognized in the accounts and reported in the financial statements.
Basis of accounting relates to the timing of the measurements made,
regardless of the measurement focus applied.
All governmental funds are accounted for using the modified accural basis
of accounting. Their revenues are recognized when they are measureable
and available.
-15-
r
CITY OF CHUBBUCK
NOTES TO FINANCIAL STATEMENTS -- CONTINUED
SEPTEMBER 30, 1993
(1) D. BASIS OF ACCOUNTING - CONTINUED
Expenditures are generally recognized under the modified accrual basis
of accounting when the related fund liability is incurred.
All proprietary funds are accounted for using the accrual basis of
accounting. Their revenues are recognized when they are earned, and
their expenses are recognized when they are incurred.
E. BUDGETS AND BUDGETARY ACCOUNTING
The City follows budgeting procedures as outlined in the Idaho State
Code. Budgets are prepared on the modified accrual basis.
F. INVENTORY
Inventory is expensed when purchased. No provision is made in the
financial statements for inventory on hand at year end since said amounts
are immaterial.
G. TOTAL COLUMNS ON COMBINED STATEMENTS
Total columns on the Combined Statements are captioned Memorandum Only
to indicate that they are presented only to facilitate financial analysis.
Data in these columns do not present financial position, results of operations,
or changes in financial position in conformity with generally accepted
accounting principles. Neither is such data comparable to a consolidation.
Interfund eliminations have not been made in the aggregation of this data.
H. PROPERTY TAXES
Property taxes are levied on the third Monday in September and attach as an
enforceable lien on property as of January 1. Real taxes are payable in two
installments on December 20, and June 20, of the following year. Personal
taxes are payable in one installment on December 20. The County bills
and collects property taxes for the City. Taxes not received within
sixty days following year end are deferred.
Due to the very high ratio of property taxes collected to taxes levied,
the City does not make an allowance for uncollectible property taxes.
-16-
CITY OF CHUBBUCK
NOTES TO FINANCIAL STATEMENTS - CONTINUED
SEPTEMBER 30, 1993
(2) CHANGES IN GENERAL FIXED ASSETS
Description:
Land and Buildings .
Construction in
progress
Machinery and
equipment . . . . .
Improvements other
than buildings
Totals . . . . . .
Balance Balance at
09-30--92 Additions Deletions 09-30--93
$ 534,051 $ 534,051
481,347 $ 43,788 525,135
1,136,381 65,186 $ -80,200 1,121,367
289,810 1,298 291,108
$2,441,589 $ 110,272 $ --80,200 $2,471,661
Note: Enterprise fund properties are reported separately and are not included
in the above balance at September 30, 1993.
(3) GENERAL LONG-TERM DEBT (FIRE STATION BONDS)
Issue of August 1, 1990:
Due
Annual
Date
Principal
Rate
Interest
Total
08/01/94
$ 25,000
8,250%
$ 30,265.00
$ 55,265.00
08/01/95
25,000
7.750%
28,202.50
53,202.50
08/01/96
30,000
6.400%
26,265.00
56,265.00
08/01/97
30,000
6.500%
24,345.00
54,345.00
08/01/98
30,000
6.600%
22,395.00
52,395.00
08/01/99
35,000
6.700%
20,415.00
55,415.00
08/01/00
35,000
6.800%
18,070.00
53,070.00
08/01/01
40,000
6.900%
15,690.00
55,690-00
08/01/02
40,000
6.950%
12,930.00
52,930.00
08/01/03
45,000
7.000%
10,150.00
55,150.00
08/01/04
50,000
7.000%
7,000.00
57,000.00
08/01/05
50,000
7.000%
3,500.00
53,500.00
$ 435,000
$219,227.50
$654,227,50
Bonds retired
in 1993 . .
. . . . . .
. . . . . . .
$ 25,000.00
4) NOTE RECEIVABLE ($10,632.00 Balance):
On March 9, 1989, the City of Chubbuck sold property for $90,000.00. The
City received $75,000.00 down and the balance will be paid over 10 years
with annual payments of $2441.25 including interest at 10%.
-17-
CITY OF CHUBBUCK
NOTES TO FINANCIAL STATEMENTS - CONTINUED
SEPTEMBER 30, 1993
(5) RETIREMENT PLAN
Substantially all full-time employees and certain part-time employees of
the City of Chubbuck are members in the Public Employee Retirement
System of Idaho (the System), a cost-sharing, multiple -employer plan
established by the Legislature of the State of Idaho. The City's total
payroll for 1993 was $1,141,329 of which $1,056,471 was covered payroll for
employee members in the System. The System is a defined benefit plan
requiring both member and employer contributions.
After five years of credited service, members become fully vested in
retirement benefits earned to date. Members are eligible for retirement
benefits upon attainment of the ages specified for their employment
classification. For each year of credited service, the annual service
retirement allowance is 1.75 percent or 2.075 percent (depending upon
employee classification) of the average monthly salary for the highest
consecutive sixty months. Effective October 1, 1993, the annual service
retirement allowance rates will change to 1.833% or 2.150% depending upon
employee classification. The eligibility and amount of allowance differs
for early retirement, service retirement, vested retirement and disability
retirement.
The System's funding policy provides for periodic employer contributions at
actuarially determined rates, expressed as percentages of annual covered payroll
to accumulate sufficient assets to pay benefits when due. The employer and
employee contribution rates as a percentage of salary are as follows:
Employee Group
General . . . . . . . . . .
Police . . . . . . . . . .
Fire (hired after 10-1--80)
Fire (hired before 10-1-80)
Contribution Rates
at
June 30, 1993
Employer
Employee
9.75%
5.84%
9.75%
7.02%
27.15%
7.02%
35.90%
11.45%
Contribution Rates
Effective
October 1, 1993
Employer Employee
10.63% 6.38%
10.87% 7.82%
27.25% 7.82%
35.90% 11.45%
Total contributions to the System for 1993 amounted to $103,364 by the City and
$67,226 by members.
The pension benefit obligation is a standardized disclosure measure of the
present value of pension benefits, adjusted for the effects of projected
salary increases and any step -rate benefits, estimated to be payable in the
future as a result of employee service to date. The measure is the actuarial
present value of credited projected benefits and is intended to help users
assess the System's funding status on a going -concern basis, assess progress
made in accumulating sufficient assets to pay benefits when due, and make
comparisons among public employee retirement systems. The System's pension
benefit obligation was determined as part of an actuarial valuation at
June 30, 1993. As of that date, the System's unfunded pension benefit
obligation was as follows (in millions):
Total pension benefit obligation . . . . . . . . $3,013.9
Net assets available for benefits, at cost . . . 2,121.4
Unfunded pension benefit obligation . . . . . . $ 892.5
-18-
CITY OF CHUBDUCK
NOTES TO FINANCIAL STATEMENTS - CONTINUED
SEPTEMBER 30, 1993
(5) RETIREMENT PLAN - CONTINUED
Ten year historical trend data is presented as additional information in the
financial statements of the System for the year ended June 30, 1993. This
additional data provides information about progress made by the System in
accumulating sufficient assets to pay benefits when due.
REVENUES BY SOURCE AND EXPENSES BY TYPE
Revenues by Source
Fiscal
Employee
Employer
Investment
Year
Contributions
Contributions
Income
Total
1984
$ 37,360,468
$ 64,625,435
$ 50,765,709
$152,751,612
1985
41,084,589
71,230,336
61,799,780
174,114,705
1986
43,021,584
75,046,384
140,957,599
259,025,567
1987
44,427,170
77,280,764
160,191,693
281,899,627
1988
47,701,441
86,437,686
81,039,524
215,178,651
1989
50,951,811
88,859,430
104,504,241
244,315,482
1990
55,330,814
96,744,650
116,667,508
268,742,972
1991
59,618,756
105,663,837
103,799,893
269,082,486
1992
65,423,742
114,439,170
149,462,437
329,325,349
1993
73,744,397
124,814,031
213,460,921
412,019,349
Expenses by Type
Administrative
Fiscal
Investment
Year
Benefits
Expenses
Refunds
Total
1984
$ 50,878,372 $
2,597,408
$10,631,011
$ 64,106,791
1985
56,287,627
3,278,760
11,286,642
70,853,029
1986
61,712,854
4,384,580
12,276,820
78,374,254
1987
67,187,276
4,970,620
13,269,570
85,427,466
1988
72,586,670
6,532,073
11,006,658
90,125,401
1989
78,280,585
6,831,581
12,782,267
97,894,433
1990
84,649,572
7,709,603
12,871,091
105,230,266
1991
94,087,813
9,505,615
17,257,185
120,850,613
1992
104,124,166
10,451,480
11,836,425
126,412,071
1993
114,637,439
12,755,245
11,754,656
139,147,340
_19_
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I
CITY OF CHUBBUCK
NOTES TO FINANCIAL STATEMENTS - CONTINUED
SEPTEMBER 30, 1993
(8) CASH ON HAND, IN BANKS, AND INVESTED
All cash and investments are insured or fully collateralized with
certificates held by agents in the City's name.
CASH BALANCE IN FUNDS:
General. . . . . . . . .
. . . . . . $ 115,848
Special revenue . . . . . .
. . . . . . 45,542
Capital projects . . . . . .
. . . . . . 356,951
Enterprise . . . . . . . . .
. . . . . . 1,148,607
Internal service . . . . . .
. . . . . . 10,086
$ 1,677,034
CASH, DEPOSITS AND INVESTMENTS:
Petty cash . . . . . . . . . . . . . .
. $ 195
Checking accounts:
General - First Security . . . . .
. 115,653
Water Works - Key Bank . . . . . .
. 132,710
248,363
Inveitments:
Key Bank - Savings . . . . . . . .
. 134,463
Key Bank - Savings. . . . . . . . .
. 85,352
State pool . . . . . . . . . . . .
. 781,621
First Security Bank -- CD . . . . .
. 82,034
Idaho Central Credit Union . . . .
. 65,000
Key Bank - CD . . . . . . . . . . .
. 23,079
Key Bank - Savings . . . . . . . .
. 86,048
Key Bank - Savings. . . . . . . . .
. 61,632
Key Bank - Savings . . . . . . . .
. 109,247
Total cash in banks . . . . . . .
-22-
1,428,476
$ 1,677,034
CITY OF CHUBBUCK
NOTES TO FINANCIAL STATEMENTS - CONTINUED
SEPTEMBER 30, 1993
(9) SUMMARY OF MATURITIES AND INTEREST ON SEWER REVENUE BONDS BY YEAR
Bonds retired in 1993 . . . . . . . . . . . $ 20,000.00
-23-
Interest
Interest
Principal
Due
Due
Due
Total
Year
April 1
October 1
October 1
Due
1993
$ 23,100.00
$ 20,000.00
$ 43,100.00
1994
$ 22,500.00
22,500.00
20,000.00
65,000.00
1995
21,900.00
21,900.00
25,000.00
68,800.00
1996
21,150.00
21,150.00
25,000.00
67,300.00
1997
20,400.00
20,400.00
25,000.00
65,800.00
1998
19,650.00
19,650.00
30,000.00
69,300.00
1999
18,750.00
18,750.00
30,000.00
67,500.00
2000
17,850.00
17,850.00
30,000.00
65,700.00
2001
16,950.00
16,950.00
35,000.00
68,900.00
2002
15,900.00
15,900.00
35,000.00
66,800.00
2003
14,850.00
14,850.00
40,000.00
69,700.00
2004
13,650.00
13,650.00
40,000.00
67,300.00
2005
12,450.00
12,450.00
40,000.00
64,900.00
2006
11,250.00
11,250.00
45,000.00
67,500.00
2007
91900.00
9,900.00
45,000.00
614,800.00
2008
8,550.00
8,550.00
50,000.00
67,100.00
2009
7,050.00
7,050.00
55,000.00
69,100.00
2010
5,400.00
5,1400.00
55,000.00
65,800.00
2011
3,750.00
3,750.00
60,000.00
67,500.00
2012
1,950.00
1,950.00
65,000.00
68,900.00
Totals
$263,850.00
$286,950.00
$770.000.00
$1,320,800.00
Bonds retired in 1993 . . . . . . . . . . . $ 20,000.00
-23-
CITY OF CHUBBUCK
NOTES TO FINANCIAL STATEMENTS - CONTINUED
SEPTEMBER 30, 1993
(10) SUMMARY OF MATURITIES AND INTEREST ON WATER REVENUE BONDS BY YEAR
Bonds retired in 1993 . . . . . . . . . . . . .
-24-
Principal
Due
September 1
$ 20,000.00
20,000.00
20,000.00
$ 60,000.00
$ 20,000.00
Total Due
$ 23,600.00
22,400.00
21,200.00
$ 67,200.00
Interest
Interest
Due
Due
Year
Numbers
March 1
September 1
1993
35-38
1994
39-42
$ 11800.00
$ 1,800.00
1995
43-46
1,200.00
1,200.00
1996
47-50
600.00
600.00
Totals
$ 3,600.00
----------
$ 3,600.00
------------
Bonds retired in 1993 . . . . . . . . . . . . .
-24-
Principal
Due
September 1
$ 20,000.00
20,000.00
20,000.00
$ 60,000.00
$ 20,000.00
Total Due
$ 23,600.00
22,400.00
21,200.00
$ 67,200.00
CITY OF CHUBBUCK
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL
GENERAL FUND
YEAR ENDED SEPTEMBER 30, 1993
LEGISLATIVE:
Salaries . . . . . . . . . . . . . . .
Purchased services . . . . . . . . . .
EXECUTIVE:
Salaries . . . . . . . . . . . . . . .
Purchased services . . . . . . . . . .
FINANCIAL:
Salaries . . . . . . . . . . . . . . .
Supplies . . . . . . . . . . . . . . .
Budget Actual Variance
$ 14,400 $ 14,400 $ 0
5,500 7,148 -1,648
19,900 21,548 -1,648
9,600 9,600 0
1,500 1,862 -362
1 1, 100 11,462 -362
3,780 3,780 0
2,250 1,049 1,201
6,030 4,829 1,201
LEGAL:
Purchased services . . . . . . . . . . 22,200 24,068 -1,868
OTHER GENERAL GOVERNMENT:
Personnel benefits . . . . . . . . . .
Insurance . . . . . . . . . . . . . .
Utilities . . . . . . . . . . . . . .
Building maintenance . . . . . . . . .
Capital outlay . . . . . . . . . . . .
Transfer . . . . . . . . . . . . . . .
Miscellaneous . . . . . . . . . . . .
BUILDING INSPECTION:
Salaries . . . . . . . . . . . . . . .
Personnel benefits . . . . . . . . . .
Supplies and other . . . . . . . . . .
ENGINEERING:
Salaries . . . . . . . . .
Supplies and other . . . . . . . . . .
27,993
36,843
-8,850
18,591
19,933
-1,342
0
2,297
-2,297
7,605
5,615
11990
14,388
10,130
4,258
40,000
40,000
0
21,073
9,039
12,034
129,650
123,857
5,793
25,447
26,550
-1,103
6,564
8,502
-1,938
3,650
1,871
1,779
35,661
36,923
-1,262
6,495
8,580
-2,085
5,275
3,744
1,531
11,770
12,324
-554
The accompanying notes are an integral part of these statements.
-25-
CITY OF CHUBBUCK
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL
GENERAL FUND
YEAR ENDED SEPTEMBER 30, 1993
LAW ENFORCEMENT:
Salaries . . . . . . . . . . .
Budget
Actual
Variance
CONTINUED
. . . . 132,322
137,234
-4,912
STREETS AND ROADS:
. . . . 87,128
68,146
18,982
Salaries . . . . . . . . . .
. . . . . $ 156,645
$ 121,062
$ 35,583
Personnel benefits . . . . .
. . . . . 48,192
36,056
12,136
Supplies . . . . . . . . . .
. . . . . 98,135
95,560
2,575
Purchased services . . . . .
. . . . . 81,225
83,890
-2,665
Transfers . . . . . . . . .
. . . . . _ 30,700
23,700
7,000
414,897
360,268
514,629
LAW ENFORCEMENT:
Salaries . . . . . . . . . . .
. . . . 431,274
425,375
5,899
Personnel benefits . . . . . .
. . . . 132,322
137,234
-4,912
Supplies . . . . . . . . . . .
. . . . 87,128
68,146
18,982
Purchased services . . . . . .
. . . . 88,024
113,814
-25,790
Capital outlay . . . . . . . .
. . . . 60,587
53,691
6,896
Debt service . . . . . . . . .
799,335
798,260
1,075
FIRE CONTROL:
Salaries . . . . . . . . . . .
. . . . 135,000
108,982
26,018
Personnel benefits . . . . . .
. . . . 37,488
29,379
8,109
Supplies . . . . . . . . . . .
. . . . 23,800
146,751
-22,951
Purchased services . . . . . .
. . . . 32,300
31,472
828
Capital outlay . . . . . . . .
. . . . 8,200
5,142
31058
Debt service . . . . . . . . .
. . . . 57,400
57,990
-590
Transfer . . . . . . . . . . .
. . . . 25,000
25,000
0
Contributions . . . . . .
339,188
304,716
14,472
PARKS AND RECREATION:
Salaries . . . . . . . . . . .
. . . . 38,5140
53,292
-114,752
Personnel benefits . . . . . .
. . . . 17,672
17,1438
234
Supplies . . . . . . . . . . .
. . . . 29,351
22,354
6,997
Purchased services . . . . . .
. . . . 55,315
144,881
10,434
Capital outlay . . . . . . . .
. . . . 3,273
4,473
-1,200
144,151
142,438
1,713
HEALTH AND WELFARE:
Contributions . . . . . .
. . . . 15,724
12,055
3,669
Total general fund . . . . . . . . $1,929,606 $1,852,748 $ 76,858
The accompanying notes are an integral part of these statements.
-26-
CITY OF CHUBBUCK
COMBINING BALANCE SHEET
SPECIAL REVENUE FUNDS
SEPTEMBER 30, 1993
Road
Dedication
ASSETS:
Cash . . . . . . . . . . . . . . . . $ 5,157
Total assets . . . . . . . . . . $ 5,157
LIABILITIES:
Total liabilities . . . . . . . . $ 0
Juvenile
LID #1 Referral
Fund Fund
$ 10,960 $ 949
$ 10,960 $ 949
$ 0 $ 0
FUND EQUITY:
Fund balance . . . . . . . . . . . . 5,157 10,960 949
Total fund equity . . . . . . . . 5,157 10,960 949
Total liabilities and
fund equity . . . . . . . . . $ 5,157 $ 10,960 $ 949
The accompanying notes are an integral part of these statements.
-27-
Heal th Police
Insurance Training
Fund Fund Total
$ 1,243 $ 27,233 $ 45,542
$ 1,243 $ 27,233 $ 45,542
----------- ----------- ------------
$ 0 $ 0 $ 0
1,243 27,233 45,542
1,243 27,233 45,542
$ 1,243 $ 27,233 $ 45,542
-28-
CITY OF CHUBBUCK
COMBINING STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE
SPECIAL REVENUE FUNDS
YEAR ENDED SEPTEMBER 30, 1993
REVENUE:
Donations . . . . . . . . . . . .
Other . . . . . . . . . . . . . .
Interest . . . . . . . . . . . . .
Total revenue . . . . . . . . .
EXPENDITURES:
General government . . . . . . . .
Total expenditures . . . . . .
EXCESS REVENUE OR (EXPENDITURES). . .
TRANSFERIN . . . . . . . . . . . . .
FUND BALANCE - BEGINNING . . . . . .
FUND BALANCE - ENDING . . . . . . . .
Road Juvenile
Dedication LID #1 Referral
Fund Fund Fund
$ 941
$ 151 $ 543 8
151 543 949
0 0 0
151 543 949
5,006 10,417 0
$
5,157 $ 10,960 $ 949
The accompanying notes are an integral part of these statements.
-29-
Health Police
Insurance Training
Fund Fund Total
1,125 11,958 28,506
$ 1,243 $ 27,233 $ 45,542
-30-
$ 13,356
$ 13,356
1,447
2,388
$ 64
472
1,238
64
15,275
16,982
2,446
2,446
2,446
0
2,446
-2,382
15,275
14,536
2,500
2,500
1,125 11,958 28,506
$ 1,243 $ 27,233 $ 45,542
-30-
CITY OF CHUBBUCK
COMBINING BALANCE SHEET
CAPITAL PROJECT FUNDS
SEPTEMBER 30, 1993
ASSETS:
Ca sh . . . . . . . . . . . . . . . . .
Total assets . . . . . . . . . . .
LIABILITIES:
Total liabilities . . . . . . . . .
FUND EQUITY:
Fund balance . . . . . . . . . . . . .
Total fund equity . . . . . . . . .
Total liabilities and fund equity .
Road
Capital
Projects
",.-A
Parks Fire
#2 Station
$ 287,737
$
45,525
$
17,747
$ 287,737
$
45,525
$
17,747
$ 0 $ 0 $ 0
287,737 45,525 17,747
287,737 45,525 17,747
$ 287,737 $ 45,525 $ 17,747
The accompanying notes are an integral part of these statements.
-31-
Parks
Dedicated
Pund Total
$ 5,9+2 $ 356,951
$ 5,942 $ 356,951
5,942 355,951
5,942 356,951
$ 5,942 $ 356,951
wpm
CITY OF CHUBBUCK
COMBINING STATEMENT OF REVENUE AND EXPENDITURES
CAPITAL PROJECT FUNDS
YEAR ENDED SEPTEMBER 30, 1993
The accompanying notes are an integral part of these statements.
-33-
Road
Capital
Parks
Fire
Projects
#2
Station
Fund
Fund
Fund
REVENUE:
Interest . . . . . . . . . . . . . .
. . . $ 7,407
$ 1,366
$ 1,252
Donations . . . . . . . . . . . . .
. . .
Total revenue . . . . . . . . . .
. . . 7,407
1,366
1,252
EXPENDITURES:
Reimbursements . . . . . . . . . . .
. . .
Capital outlay . . . . . . . . . .
. .
43,788
Total expenditures . . . . . . .
. . . 0
0
43,788
EXCESS REVENUE OR (EXPENDITURES). . . .
. . . 7,407
1,366
-42,536
OTHER FINANCING SOURCES (USES):
Transfers in . . . . . . . . . . . .
. . . 88,700
Transfers out . . . . . . . . . . .
. . .
EXCESS (SOURCES/USES) . . . . . . . . .
. . . 96,107
1,366
-42,536
FUND BALANCE - BEGINNING . . . . . . .
. . . 191,630
44,159
60,283
FUND BALANCE - ENDING . . . . . . . . .
. . . $ 287,737
$ 45,525
$ 17,747
The accompanying notes are an integral part of these statements.
-33-
Parks
Dedicated
Fund Total
$ 179 $ 10,204
324 324
503 10,528
1,204 1,204
43,788
1,204 44,992
-701 -34,464
88,700
-701 54,236
6,643 302,715
$ 5,942 $ 356,951
-34-
CITY OF CHUBBUCK
COMBINING BALANCE SHEET
ENTERPRISE FUNDS
SEPTEMBER 30, 1993
ASSETS:
Cash . . . . . . . . . . . . .
Accounts receivable . . . . . . . . . . .
Restricted Cash:
Replacement rand . . . . . . . . . . .
Bond and interest reserves . . . . . .
Water meter deposits . . . . . . . . .
Fixed assets . . . . . . . . . . . . . . .
Accumulated depreciation . . . . . . .
Total assets . . . . . . . . . . . . .
LIABILITIES:
Accounts payable . . . . . . . . . . . . .
Deposits payable . . . . . . . . . . . . .
Payable from Restricted Assets:
Bonds payable - current . . . . . . . .
Accrued bond interest payable . . . . .
Bonds payable - long term . . . . . . . .
Total liabilities . . . . . . . . . . .
FUND EQUITY:
Retained earnings . . . . . . . . . . . .
Contributed capital . . . . . . . . . . .
Accumulated depreciation . . . . . . . . .
Reserve for debt service . . . . . . . . .
Reserve for replacement fund . . . . . . .
Total fund equity . . . . . . . . . . .
Total liabilities and fund equity . . .
Depreciation
Utilities Reserve
Fund Fund
$ 236,331
201,592
290,094
60,540
3,757,797
-1,882,987
$ 2,663,367
$ 17,695
60,540
$ 432,623
$
432,623
40,000
23,400
790,000
931,635 $ 0
856,920
942,038
-357,320
290,094
432,623
1,731,732 432,623
$ 2,663,367 $ 432,623
The accompanying notes are an integral part of these statements.
-35-
Sewer
Repairs
and
Replacement
Fund Tonal.
$ 129,019
$ 236,331
201,592
561,642
290,094
60,540
3,757,797
-1,882,987
$ 129,019 $ 3,225,009
$ 17,695
60,540
40,000
23,400
790,000
$ 0 931,635
856,920
942,038
-357,320
290,094
129,019 561,642
129,019 2,293,374
$ 129,019 $ 3,225,009
-------------------------
-36-
CITY OF CHUBBUCK
COMBINING STATEMENT OF REVENUE, EXPENSES, AND
CHANGES IN RETAINED EARNINGS AND RESERVES
ENTERPRISE FUNDS
YEAR ENDED SEPTEMBER 30, 1993
OPERATING REVENUE:
Service Charges:
Sanitation . . . . . . . . . . . . . .
Water . . . . . . . . . . . . . . . . .
Sewer . . . . . . . . . . . . . . . . .
Total operating revenue . . . . . .
OPERATING EXPENSES:
Personnel . . . . . . . . . . . . . . . .
Personnel benefits . . . . . . . . . . . .
Supplies . . . . . . . . . . . . . . . . .
Purchased services . . . . . . . . . . . .
Interfund expenses . . . . . . . . . . . .
Depreciation . . . . . . . . . . . . . . .
Total operating expenses . . . . . . .
OPERATING INCOME . . . . . . . . . . . . . .
NONOPERATING REVENUE (EXPENSES):
Interest income . . . . . . . . . . . . .
Interest expense . . . . . . . . . . . . .
Total nonoperating revenue (expenses) .
NETINCOME . . . . . . . . . . . . . . . . .
OTHER FINANCING SOURCES (USES):
Transfers from other funds . . . . . . . .
Transfers to other funds . . . . . . . . .
RETAINED EARNINGS - RESERVES:
Balance - Beginning . . . . . . . . . . .
Depreciation
Utilities Reserve
Fund Fund
$ 435,840
548,483
607,288
1,591,611 $ 0
386,712
154,692
52,332
631,322
21,000
116,634
1,362,692 0
228,919 0
12,779 10,253
-51,363
-38,584 10,253
190,335 10,253
113,176
-115,676
1,072,355 309,194
RETAINED EARNINGS - RESERVES:
Balance -- Ending . . . . . . . . . . . . . $ 1,147,014 $ 432,623
The accompanying notes are an integral part of these statements.
-37-
Sewer
Repairs
and
Replacement
Fund Total
$ 435,840
548,1483
607,288
$ 0 1,591,611
R
386,712
154,692
52,332
631,322
21,000
116,634
1,362,692
0 228,919
5,452 28,484
-51,363
5,452 -22,879
5,452 206,040
113,176
-115,676
123,567 1,505,116
$ 129,019 $ 1,708,656
-38-
CITY OF CHUBBUCK
TEN YEAR SUMMARY OF TAX LEVIES
SEPTEMBER 30, 1993
Year of
Levy 1)
Value
Levy
Tax
1983
$ 110,367,077
.004074
$ 452,173
1984
119,520,105
.004051
484,489
1985
121,985,145
.004322
528,969
1986
124,887,711
.004769
599,487
1987
125,907,871
.005013
633,689
1988
125,858,250
.005089
640,493
1989
125,917,949
.005295
688,999
1990
124,789,912
.006040
767,051
1991
127,017,877
.006231
795,941
1992
128,308,276
.006879
891,999
1) Levies are certified in October of the year shown. Taxes are primarily
received in January and July of the subsequent year.
The accompanying notes are an integral part of these statements.
-39-
SCOTT N. JONES, CPA
KENT L. YOST, CPA, JD
MORGAN J. HATT, CPA
STACY L. ERICKSON, CPA
ko Jones, Yost, Hatt,
Erickson & Co.
CFRTIFIED PUBLIC ACCOUNTANTS
P.O. BOX 4987
Pocatello, Idaho 83205
Honorable Mayor and City Council Members
City of Chubbuck, Idaho
Report on Supplemental Schedule of Federal Financial Assistance
MEMBERS OF
American Institute of
Certified Public Accountants
Idaho Society of
Certified Public Accountants
We have audited the general purpose financial statements of the City
of Chubbuck, Idaho, for the year ended September 30, 1993, and have issued
our report thereon dated February 11, 1994. These general purpose financial
statements are the responsibility of the City of Chubbuck, Idaho. Our
responsibility is to express an opinion on the general purpose financial
statements based on our audit.
We conducted our audit in accordance with generally accepted auditing
standards and Government Auditing Standards issued by the Comptroller
General of the United States. Those standards require that we plan and
conduct the audit to obtain reasonable assurance about whether the general
purpose financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the general purpose financial statements. An audit also
includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for
our opinion.
Our audit was made for the purpose of forming an opinion on the general
purpose financial statements of the City of Chubbuck, Idaho, taken a$ a whole.
The accompanying schedule of Federal financial assistance is presented for
purposes of additional analysis and is not a required part of the general
purpose financial statements. The information in that schedule has been
subjected to the auditing procedures applied in the audit of the general
purpose financial statements and, in our opinion, is fairly stated in all
material respects in relation to the general purpose financial statements
taken as a whole.
DONE YO , HATT/, ERICKSON Y CO.
Pocatello, Idaho,
February 11, 1994.
416 SOUTH 4TH AVENUE • P.O. BOX 4987 • POCATELLO, IDAHO 83205 • PHONE 2081233-5000 • FAX 2081233-5010
CITY OF CHUBBUCK, IDAHO
SUPPLEMENTAL SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE
YEAR ENDED SEPTEMBER 30, 1993
FEDERAL DEPARTMENT:
Bureau of Justice Assistance
GRANT:
DARE (DR -11-92; DR -11-925)
Catalogue No. 16.579
TOTAL AWARD:
( July 1992 to July 1993 ) . . . . . . . . . . • . . . . $ 65,000
Revenue - Fiscal year 1993 . . . . . . • . . . . . • . . $ 65,000
Expenditures . . . . . . . . . . . . . . . . . . . . . . $ 65,000
r
i
-41-
I ko hones, Yost, Hatt,
6 �Jj Erickson & Co.
SCOTT N. JONES, CPR CERTIFIED PUBLIC ACCOUNTANTS
KENT L. YOST, CPA, JD P.O. BOX 4987
MORGAN J. HATT, CPA Pocatelio, Idaho 83205
STACY L. ERICKSON, CPA
Honorable Mayor and City Council Members
City of Chubbuck, Idaho
MEMBERS OF
American Institute of
Certified Public Accountants
Idaho Society of
Certified Public Accountants
Single Audit Report on Compliance With Specific Requirements Applicable to
Nonmajor Federal Financial Assistance Program Transactions
In connection with our audit of the September 30, 1993, general
purpose financial statements of the City of Chubbuck, Idaho, and with our study
and evaluation of the City's internal control systems used to administer
Federal financial assistance programs, as required by Office of Management
and Budget Circular A-128, Audits of State and Local Governments, we selected
certain transactions applicable to certain nonmajor Federal financial
assistance programs for the year ended September 30, 1993.
As required by OMB Circular A-128, we completed auditing procedures
to test compliance with the requirements governing types of services allowed
or unallowed that are applicable to those transactions. Our procedures were
substantially less in scope than an audit, the objective of which is the
expression of an opinion on the City of Chubbuck, Idaho, compliance with
these requirements. Accordingly, we do not express such an opinion.
With respect to the items tested, the results of those procedures
disclosed no material instances of noncompliance with the requirements listed
in the preceding paragraph. With respect to items not tested, nothing came to
our attention that caused us to believe that the City of Chubbuck, Idaho, had
not complied, in all material respects, with those requirements.
This report is intended for the information of the City of Chubbuck,
Idaho, and its Federal audit cognizant agency. This restriction is not
intended to limit the distribution of this report, which is a matter of public
record.
DONE YOS , HATT,RiMSON CO. y
Pocatello, Idaho,_
February 1 1 , 1994.
416 SOUTH 4TH AVENUE • P.O. BOX 4987 • POCATELLO, IDAHO 83205 • PHONE 2081233-5000 • FAX 2081233-5010
I'
l
r.
r.
I,
jkn Jones, Yost, Hatt,
16 Erickson & Co.
SCOTT N. JONES, CPA CERTIFIED PUBLIC ACCOUNTANTS
KENT L. YOST, CPA, JD P.O. BOX 4987
MORGAN J. HATT, CPA Pocatello, Idaho 83205
STACY L. ERICKSON, CPA
Honorable Mayor and City Council Members
City of Chubbuck, Idaho
MEMBERS OF
American Institute of
Certified Public Accountants
Idaho Society of
Certified Public Accountants
Single Audit Report on Compliance With General Requirements Applicable to
Federal Financial Assistance Programs
We have audited the general purpose financial statements of the City of
Chubbuck, Idaho, as of and for the year ended September 30, 1993, and have
issued our report thereon dated February 11, 1994.
We have applied procedures to test the City of Chubbuck's compliance
with the following requirements applicable to its Federal financial assistance
programs, which are identified in the Schedule of Federal Financial Assistance,
for the year ended September 30, 1993.
Political Activity Civil Rights
Cash Management Federal Financial Reports
Allowable Costs Cost Principles
Drug -Free Workplace Administrative Requirements (Procurement)
Our procedures were limited to the applicable procedures described in the
Office of Management and Budget's Compliance Supplement for Single Audits of
State and Local Governments. Our procedures were substantially less in scope
than an audit, the objective of which is the expression of an opinion on the
City's compliance with the requirements listed in the preceding paragraph.
Accordingly, we do not express such an opinion.
With respect to the items tested, the results of those procedures disclosed
no material instances of noncompliance with the requirements listed in the
second paragraph of this report. With respect to items not tested, nothing
came to our attention that caused us to believe that the City had not complied,
in all material respects, with those requirements.
This report is intended for the information of City management, and its
Federal cognizant agency. However, this report is a matter of public record
and its distribution is not limited.
JONESr YO 'HATT, ERICKSON CO.
Pocatello, Idaho,
February 11, 1994.
416 SOUTH 4TH AVENUE • P.O. BOX 4987 • POCATELLO, IDAHO 83205 9 PHONE 2081233-5000 • FAX 2081233-5010
r
IL,
r.
r.
I ko Jones, Yost, Hatt,
6 Erickson & Co.
SCOTT N. JONES, CPA J) CERTIFIED PUBLIC ACCOUNTANTS
KENT L. YOST, CPA, JD P.O. BOX 4987
MORGAN J. HATT, CPA Pocatello, Idaho 83205
STACY L. ERICKSON, CPA
Honorable Mayor and City Council Members
City of Chubbuck, Idaho
MEMBERS OF
American Institute of
Certified Public Accountants
Idaho Soc{ety of
Certified Public Accountants
Single Audit Report on Internal Control Structure Used in Administering
Federal Financial Assistance Programs - No Major Programs
We have audited the general purpose financial statements of the City of
Chubbuck, Idaho, as of and for the year ended September 30, 1993, and have
issued our report thereon dated February 11, 1994.
We conducted our audit in accordance with generally accepted auditing
standards; Government Auditing Standards, issued by the Comptroller General
of the United States; and Office of Management and Budget (OMB) Circular
A-128, Audits of State and Local Governments. Those standards and OMB
Circular A-128 require that we plan and conduct the audit to obtain
reasonable assurance about whether the general purpose financial statements
are free of material misstatement.
In planning and conducting our audit for the year ended September 30,
1993, we considered the internal control structure of the City of Chubbuck,
Idaho, in order to determine our auditing procedures for the purpose of
expressing our opinions on the City of Chubbuck, Idaho's general purpose
financial statements and to report on the internal control structure in
accordance with OMB Circular A-128. This report addresses our consideration
of internal control structure policies and procedures relevant to compliance
with requirements applicable to Federal financial assistance programs. We
have addressed internal control structure policies and procedures relevant to
our audit of the general purpose financial statements in a separate report
dated February 11, 1994.
Management of the City of Chubbuck, Idaho, is responsible for
establishing and maintaining an internal control structure. In fulfilling
this responsibility, estimates and judgments by management are required to
assess the expected benefits and related costs of internal control structure
policies and procedures. The objectives of an internal control structure
are to provide management with reasonable, but not absolute, assurance that
assets are safeguarded against loss from unauthorized use or disposition, that
transactions are executed in accordance with management's authorization and
recorded properly to permit the preparation of general purpose financial
statements in accordance with generally accepted accounting principles, and
that Federal financial assistance programs are managed in compliance with
applicable laws and regulations. Because of inherent limitations in any internal
control structure, errors, irregularities, or instances of noncompliance may
nevertheless occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that procedures
may become inadequate because of changes in conditions or that the effectiveness
of the design and operation of policies and procedures may deteriorate.
416 SOUTH 4TH AVENUE + P.O. BOX 4987 • POCATELLO, IDAHO 83205 9 PHONE 2081233-5000 • FAX 2081233-5010
F
i
r.
Honorable Mayor and City Council Members
Page 2
For the purpose of this report, we have classified the significant
internal control structure policies and procedures used in administering
Federal financial assistance programs in the following categories:
Internal Accounting Controls
Cash
Payroll
Grants
Budgets
General Requirements
Revenues
Exnenditures
Fixed Assets
Purchasing
Administrative Controls
Drug -Free Workplace
Political Activity
Civil Rights
Cash Management
Federal Financial Reports
Specific Requirements
Types of Services
Eligibility
Reporting
Cost Allocation
For all of the internal control structure categories listed above, we obtained
an understanding of the design of relevant policies and procedures and determined
whether they have been placed in operation, and we assessed control risk.
During the year ended September 30, 1993, the City of Chubbuck, Idaho,
had no major Federal financial assistance programs and expended 100 percent of
its total Federal financial assistance under the following nonmajor Federal
financial assistance program: Project DARE.
We conducted tests of controls, as required by OMB Circular A-128, to
evaluate the effectiveness of the design and operation of internal control
structure policies and procedures that we have considered relevant to preventing
or detecting material noncompliance with specific requirements, general
requirements, and requirements governing claims for advances and reimbursements
and amounts claimed or used for matching that are applicable to the aforementioned
nonmajor program. Our procedures were less in scope than would be necessary
to render an opinion on these internal control structure policies and procedures.
Accordingly, we do not express such an opinion.
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Honorable Mayor and City Council Members
Page 3
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a reportable condition in which
the design or operation of one or more of the specific internal control
structure elements does not reduce to a relatively low level the risk that
errors or irregularities in amounts that would be material in relation to the
general purpose financial statements being audited may occur and not be detected
within a timely period by employees in the normal course of conducting their
assigned functions. We noted no matters involving the internal control structure
and its operations that we consider to be material weaknesses as defined above.
This report is intended solely for the use of the City of Chubbuck, Idaho,
its Federal audit cognizant agency, and other Federal agencies, and should not
be used for any other purpose.
F-��--1.
DONE , OS , HAT`S, ERICKSON & CO.
Pocatello, Idaho,
February 11, 1994.
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