The URL can be used to link to this page

Home My WebLink About1992�, vt��wtu-ucLt L) CITY OF CHUBBUCK, IDAHO GENERAL PURPOSE FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION SEPTEMBER 30, 1992 jk Jones, Yost & Hatt CERTIFIED PUBLIC ACCOUNTANTS POCATELLO, IDAHO I CITY OF CHUBBUCK, IDAHO GENERAL PURPOSE FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION SEPTEMBER 30, 1992 r CITY OF CHUBBUCK ANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER 30, 1992 TABLE OF CONTENTS Independent Auditor's Report General Purpose Financial Statements: Combined Balance Sheet - All Fund Types and Account Groups . Combined Statement of Revenue, Expenditures, and Changes in Fund Balance - All Governmental Fund Types . . . . . . . . . . . . . . Combined Statement of Revenue, Expenses, and Changes in Retained Earnings - All Proprietary Fund Types . . . . . . . . . . . . . . Statement of Cash Flows - All Proprietary Funds Types . . . . . . . General Fund: Statement of Revenue and Expenditures - Budget and Actual . . . . Enterprise Funds: Statement of Changes in Fixed Assets . . . . . . . . . . . . . . Notes to Financial Statements . . . . . . . . . . . . . . . . . . . OTHER STATEMENTS AND SCHEDULES Statement of Expenditures - Budget and Actual, General Fund . . . . Combining Balance Sheet - Special Revenue Funds . . . . . . . . . . Combining Statement of Revenue and Expenditures - Special Revenue Funds . . . . . . . . . . . . . . . . . . . . . . Combining Balance Sheet - Capital Project Funds . . . . . . . . . . Combining Statement of Revenue and Expenditures - Capital Project Funds . . . . . . . . . . . . . . . . . . . . . . Combining Balance Sheet - Enterprise Funds . . . . . . . . . . . . . Combining Statement of Revenue and Expenses - Enterprise Funds . . . Statistical Section: Ten Year Summary of Tax Levies . . . . . . . . . . . . . . . . . Compliance Report Based on an Audit of General Purpose Financial Statements Performed in Accordance With Government Auditing Standards Report on Supplemental Schedule of Federal Financial Assistance Supplemental Schedule of Federal Financial Assistance Single Audit Report on Compliance with Requirements Applicable to Nonmajor Federal Financial Assistance Program Transactions . . . Single Audit Report on Compliance With General Requirements Applicable to Federal Financial Assistance Programs . . . . . . . Single Audit Combined Report on Internal Control Structure . . . . . Page Numbers 4 6 7 8 9 10 11 20 22 24 26 28 30 32 34 35 36 37 38 39 40 i Jk Jones, Yost & Hatt CERTIFIED PUBLIC ACCOUNTANTS P.O. BOX 4987 MEMBERS OF SCOTT N. JONES, CPA — Partner Pocatello, Idaho 83245 American Institute of KENT L. YOST, CPA, JD — Partner Certified Public Accountants MORGAN J. HATT, CPA — Partner Idaho Society of Certified Public Accountants Honorable Mayor and Members of the City Council City of Chubbuck, Idaho Independent Auditor's Report We have audited the accompanying general purpose financial statements of the City of Chubbuck, Idaho, as of September 30, 1992, 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, 1992, 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. i i JONE ST & trA TT Pocatello, Idaho, January 27, 1993. 416 SOUTH 4TH AVENUE • P.O. BOX 4987 • POCATELLO, IDAHO 83205 • PHONE 2081233-5000 • FAX 2081233-5010 CITY OF CHUBBUCK COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS SEPTEMBER 30, 1992 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 . . . . . . . . . . Amount to be provided for general obligation bonds . . . . . . . . . Restricted Assets: Replacement funds . . . . . . . . . Bond reserve . . . . . . . . . . . Water meter deposits . . . . . . . Fixed assets -net (Note 1-C). . . . . . Total assets . . . . . . . . . . . LIABILITIES: Accounts payable . . . . . . . . . . . Deposits payable . . . . . . . . . . . Deferred property taxes. . . . . . . . General obligation bonds payable . Payable from Restricted Assets: 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 Capital General Revenue Project Fund Funds Funds $ 140,821 $ 28,507 $ 302,715 46,414 52,802 68,729 12,975 4,285 4,820 11,884 $ 342,730 $ 28,507 $ 302,715 $ 11,067 37,386 48,453 $ 0 $ 0 294,277 28,507 302,715 294,277 28,507 302,715 $ 342,370 $ 28,507 $ 302,715 The accompanying notes are an integral part of these statements. -4- Proprietary Fund Types Account Groups Internal General General Totals Enterprise Service Fixed Long -Term (Memorandum Funds Fund Assets Debt Only) $ 143,786 $ -1,092 $ 614,737 46,414 52,802 68,729 12,975 176,066 176,066 4,285 4,820 11,884 $ 460,000 460,000 432,762 432,762 295,434 295,434 56,255 56,255 1,989,647 67,508 $ 2,441,589 4,498,744 $ 3,093,950 $ 66,416 $ 2,441,589 $ 460,000 $ 6,735,907 $ 30,210 $ 41,277 56,255 56,255 37,386 $ 46o,000 460,000 40,000 24,1oo 830,000 980,565 $ 0 776,921 66,416 608,268 295,434 432,762 2,113,385 66,416 $ 3,093,950 $ 66,416 $ 0 2,441,589 2,441,589 $ 2,441,589 40,000 24,10o 830,000 46o,0oo 1,489,018 2,441,589 843,337 608,268 295,434 432,762 625,499 0 5,246,889 $ 460,000 $ 6,735,907 W611 CITY OF CHUBBUCK COMBINED STATEMENT OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE ALL GOVERNMENTAL FUND TYPES YEAR ENDED SEPTEMBER 30, 1992 The accompanying notes are an integral part of these statements. QZ Governmental Fund Types Special Capital Totals General Revenue Project (Memorandum REVENUE: Fund Funds Funds Only) Taxes . . . . $ 1,397,387 $ 1,397,387 Licenses and permits 45,257 45,257 Court revenue. . . . . . 64,642 $ 3,399 68,041 Refunds . . . . . . . . 11,177 11,177 Interest . . . . . . . . 9,499 1,519 $ 15,764 26,782 Donations . . . . . . . 6,880 2,868 9,748 Grants . . . . . . . . . 76,638 76,638 Miscellaneous 47,028 47,028 Fire protection service. 53,194 53,194 Program income . . . . . 20,442 20,442 Total revenue 1,725,264 11,798 18,632 1,755,694 EXPENDITURES: General government . . . 346,229 2,000 348,229 Law enforcement. 644,060 644,060 Fire control . . . . . . 241,372 98,347 339,719 Parks and recreation . 129,625 129,625 Highways and streets . 398,807 398,$07 Health and welfare 25,288 25,288 Total expenditures 1,785,381 2,000 98,347 1,885,728 EXCESS REVENUE OR (EXPENDITURES) -60,117 9,798 -54,715 -130,034 OTHER FINANCING SOURCES (USES): Transfers from other funds 25,000 25,000 Transfers to other funds -25,000 -25,000 EXCESS (SOURCES/USES) -85,117 9,798 -79,715 -130,034 FUND BALANCE - BEGINNING 379,394 18,709 357,430 755,533 FUND BALANCE - ENDING $ 294,277 $ 28,507 $ 302,715 $ 625,499 The accompanying notes are an integral part of these statements. QZ CITY OF CHUBBUCK COMBINED STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS ALL PROPRIETARY FUND TYPES YEAR ENDED SEPTEMBER 30, 1992 OPERATING REVENUE: Service Charges . . . . . . . . . . Interfund revenue . . . . . . . . . Total operating revenues 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) . . . . . . . . . . NET INCOME . . . . . . . . . . . . . . OTHER FINANCING SOURCES (USES): Transfers from other funds . . . . . Transfers to other funds . . . . . . Water, Sewer and Garbage Internal Enterprise Service Fund Fund Totals $ 1,399,814 $ 1,399,814 $ 92,343 92,343 1,399,814 92,343 1,492,157 381,308 56,735 438,043 157,846 157,846 81,412 10,912 92,324 488,628 13,640 502,268 21,000 21,000 120,804 3,849 124,653 1,250,998 85,136 1,336,134 148,816 7,207 156,023 47,157 47,157 -48,400 -48,400 -1,243 -1,243 147,573 7,207 154,780 124,377 124,377 -124,377 -124,377 RETAINED EARNINGS, RESERVES: Balance - Beginning . . . . . . . . 1,357,544 59,209 1,416,753 RETAINED EARNINGS, RESERVES: Balance - Ending . . . . . . . . . . $ 1,505,117 $ 66,416 $ 1,571,533 -------------- ----------- -------------- The accompanying notes are an integral part of these statements. -7- CITY OF CHUBBUCK STATEMENT OF CASH FLOWS ALL PROPRIETARY FUND TYPES YEAR ENDED SEPTEMBER 30, 1992 CASH FLOWS FROM OPERATING ACTIVITIES: Netincome . .. . . . . . . . . . . . . . Adjustments to reconcile net income to net cash provided by operating activities: Depreciation . . . . . . . . . . . . . . . . . . . . . Increase in accounts receivable . . . . . . . . . . . Increase in accounts payable . . . . . . . . . . . . Increase in deposits payable . . . . . . . . . . . . . Decrease in accrued interest . . . . . . . . . . . . Total adjustments . . . . . . . . . . . . Net cash provided by operating activities . . . . . . . . . . . . . . . . . . . Water, Sewer and Garbage Internal Enterprise Service Fund Fund $ 147,573 $ 7,207 120,804 3,849 -6,057 18,788 3,470 -5,300 131,705 3,849 279,278 11,056 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of fixed assets . . . . . . . . . . . . . . . . -68,62$ -7,139 CASH FLOWS FROM FINANCING ACTIVITIES: Bond principal payments . . . . . . . . . . . . . . . . -35,000 0 NET INCREASE (DECREASE) IN CASH CASH EQUIVALENTS . . . . . . . . . . . . . . . . 175, 654 3,917 CASH AND CASH EQUIVALENTS AT September 30, 1991 . . . . . . • . • • • . . . . • . . • 752,583 -5,009 CASH AND CASH EQUIVALENTS AT - September 30, 1992 . . . . . . . • . . • . . • . . . . . $ 928,237 $ -1,092 The accompanying notes are an integral part of these statements. CITY OF CHUBBUCK STATEMENT OF REVENUE AND EXPENDITURES BUDGET AND ACTUAL GENERAL FUND YEAR ENDED SEPTEMBER 30, 1992 REVENUE: Property taxes . . . . . . . . . . . Sales tax . . . . . . . . . . . . . . Inventory phaseout . . . . . . . . . . Highway users tax . . . . . . . . . . Liquor tax . . . . . . . . . . . . . . Road and bridge tax . . . . . . . . . Franchise taxes . . . . . . . . . . . Interest on delinquent taxes . . . . . Subtotal . . . . . . . . . . . . . Police grants . . . . . . . . . . . . Court revenue . . . . . . . . . . . . Insurance refund . . . . . . . . . . . Licenses and permits . . . . . . . . . Interest . . . . . . . . . . . . . . . Miscellaneous . . . . . . . . . . . . Fire Protection Service . . . . . . . Program income . . . . . . . . . . . . Budget Actual Variance $ 791,496 $ 792,438 $ 942 190,000 193,936 3,936 38,000 43,704 5,704 248,000 257,434 9,434 20,000 26,888 6,888 25,000 36,367 11,367 39,500 39,245 -255 10,000 7,375 -2,625 1,361,996 1,397,387 35,391 31,357 76,638 45,281 50,000 64,642 14,642 15,000 11,177 -3,823 31,150 45,257 14,107 15,000 9,499 --5,501 43,450 47,028 3,578 56,000 53,194 -2,806 25,000 20,442 -4,558 Total revenue . . . . . . . . . . . 1,628,953 1,725,264 96,311 EXPENDITURES. General Government . . . . . . . . . . Law enforcement . . . . . . . . . . . Fire control . . . . . . . . . . . . . Parks and recreation . . . . . . . . . Highways and streets . . . . . . . . . Health and welfare . . . . . . . . . . 406,802 346,229 60,573 582,357 644,060 -61,703 241,940 241,372 568 124,131 129,625 -5,494 509,144 398,807 110,337 15,723 25,288 -9,565 Total expenditures . . . . . . . 1,880,097 1,785,381 94,716 EXCESS REVENUE OR (EXPENDITURES) . . . . TRANSFERS TO OTHER FUNDS . . . . . . . . TRANSFERS FROM OTHER FUNDS . . . . . . . -251,144 -60,117 191,027 -25,000 -25,000 U EXCESS SOURCES (USES) . . . . . . . . . . $ -276,144 $ -85,117 $ 191,027 The accompanying notes are an integral part of these statements. -9- CITY OF CHUBBUCK STATEMENT OF CHANGES IN FIXED ASSETS ENTERPRISE FUNDS YEAR ENDED SEPTEMBER 30, 1992 INTERNAL SERVICE FUND FIXED ASSETS: Balance at cost - September 30, 1991 $ 92,483 $ 92,483 Additions: Equipment . . . . . . . . . . . . $ 0 7,139 7,139 Balance at cost - September 30, 1992 99,622 99,622 Less accumulated depreciation . 0 -32,115 -32,115 Balance at net - September 30, 1992 $ 0 $ 67,507 $ 67,507 The accompanying notes are an integral part of these statements. -10- Storage Land, and Buildings Distribution and ENTERPRISE FUND FIXED ASSETS: System Equipment Totals Balance at cost -- September 30, 1991 $ 3,152,929 $ 510,897 $ 3,663,826 Additions . . . . . . . . . . . . . . 68,624 68,624 Deletions . . . . . . . . . . . . . . 0 0 0 Balance at cost - September 30, 1992 . 3,152,929 579,521 3,732,450 Less accumulated depreciation . . . . -1,490,274 -252,529 -1,742,803 Balance at net - September 30, 1992 . $ 1,662,655 $ 326,992 $ 1,989,647 INTERNAL SERVICE FUND FIXED ASSETS: Balance at cost - September 30, 1991 $ 92,483 $ 92,483 Additions: Equipment . . . . . . . . . . . . $ 0 7,139 7,139 Balance at cost - September 30, 1992 99,622 99,622 Less accumulated depreciation . 0 -32,115 -32,115 Balance at net - September 30, 1992 $ 0 $ 67,507 $ 67,507 The accompanying notes are an integral part of these statements. -10- CITY OF CHUBBUCK NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 1992 ( 1 ) A. REPORTING ENTITY All funds and account groups of the City of Chubbuck as defined by the National Council on Governmental Accounting Statement #3, are included in these general purpose financial statements. 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 fund. 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. 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 Water 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 -11- CITY OF CHUBBUCK NOTES TO FINANCIAL STATEMENTS - CONTINUED SEPTEMBER 30, 1992 (1) C. FIXED ASSETS - CONTINUED governmental funds are accounted for on a spending or "financial flow" measurement focus. This means that only current assets and current lkabilities 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. 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. -12- CITY OF CHUBBUCK NOTES TO FINANCIAL STATEMENTS - CONTINUED SEPTEMBER 30, 1992 (1) 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. (2) CHANGES IN GENERAL FIXED ASSETS A summary of changes in general fixed assets follows: Description: Land and buildings . Construction in progress . . . . Machinery and equipment . . . . Improvements other than buildings. Balance 9-30-91 $ 519,335 383,000 1,093,663 Acquisitions Deletions $ 14,716 98,347 58,318 $ -15,600 Balance at 9-30-92 $ 534,051 481,347 1,136,381 289,810 Totals $ 2,285,808 $ 171,381 $ -15,600 $ 2,441,589 ------------- ------------ ---------- ------------- NOTE: Enterprise fund properties are reported separately and are not included in the above balance at September 30, 1992. -13- CITY OF CHUBBUCK NOTES TO FINANCIAL STATEMENTS -- CONTINUED SEPTEMBER 30, 1992 (3) GENERAL LONG-TERM DEBT (FIRE STATION BONDS) Issue of August 1, 1990: Due Annual Date Principal Rate Interest Total 08/01/93 $ 25,000 8.500% $ 32,390.00 $ 57,390.00 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 $ 460,000 $251,617.50 $711,617.50 4) NOTE RECEIVABLE 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%. -14- CITY OF CHUBBUCK NOTES TO FINANCIAL STATEMENTS - CONTINUED SEPTEMBER 30, 1992 (5) RETIREMENT PLAN All City of Chubbuck eligible employees participate in the statewide Public Employee Retirement System (PERS), a multiple -employer public employees retirement system. All City employees who normally work in excess of 20 hours per week for a period of at least 5 months or serve as an elected official or an appointed official of the employer are eligible and required to participate in PERS if the employer has joined. Employees with 5 years of credited service may retire at 65 -general membership, 60-police/fireman membership and 60 -65 -mixed membership. Early retirement with 5 years of credited service is available to employees at 55 -general membership, 50 -police/ fireman membership and 50 -55 -mixed membership. Retirement benefits are payable monthly for life. The annual general membership service retirement allowance accrued equals 1-2/3%.of average monthly salary, multiplied by months of service credited as a general member. For police officers the percentage is 2%. In addition, there are other retirement options available for election. Average monthly salary is the monthly average of the highest consecutive 5 years of salary. Benefits fully vest on reaching 5 years of membership service. Vested employees may elect to retire upon fulfillment of a minimum age (early retirement) requirement. PERS also provides death and disability benefits. Benefits are established by State Statute. Covered employees are required by State Statute to contribute 5.34% of salary for general members and 6.40% of salary for police and fireman members to the plan. The City is required by the same statute to contribute 8.89% of salary to the plan. The required contributions were made. 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 step -rate benefits, estimated to be payable in the future as a result of employee service to date. The measure, which is the actuarial present value of credited projected benefits, is intended to help users assess PERS's funding status on a going -concern basis, assess progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among PERS and employers. PERS does not make separate measurements of assets and pension benefit obligation for individual employers. The actuarial present value of future benefits at June 30, 1991 for PERS as a whole was $ (Unavailable). PERS's actuarial value of assets available for the benefits on that date were $ (Unavailable) and the actuarial present value of total future normal costs is $ (Unavailable), leaving an unfunded pension benefit obligation of $ (Unavailable). -15- N O� rn r O M tX W W H 11. W V] ti Ltl N [l- (D 11 Ln M co tl O r I I 00 II CO r II Ql r 11 ri I I I 1 11 11 � 64 11 O r !Il �p 11 l.0 tom• CO It � 11 CC) Lr) -4- O II 1 II II r 111 � C'�I 11 tt M !1 00 CT Q ti co I 11 Ol 11 fT N 1 r If ri f I fl fl !1 {f} {{} II �D O Ln If C N r- It C1 it r If m Lf) Lf1 co If 1 It It I ll {f} q. I [ CO — N m _T II N =r ON to .--- II a) Lfl O1 LCl 11 —111 Cd M Lf1 w iI -N U% CN 1 O 11 O N co E-1 fit t tl ft if • +] N m J-3 m I -n • •D p1 ro rn H N rn• •v rn 1 r -I � ro •� I r -I m � •o a� a) -4 o A M ? O ? .0 rn ro a) r-1 H Cd L +-1 Cll ? L -H (1) cd U •rf CD O e d) a) 0 m (D a) L +) 4-) 0. a a� ( w co to ) a t'U co r 0) U U a) V? x rn 0 x td O, to ro E-4 'A -1 E- - I (D - -15- CITY OF CHUBBUCK NOTES TO FINANCIAL STATEMENTS - CONTINUED SEPTEMBER 30, 1992 (8) CASH ON HAND, IN BANKS, AND INVESTED CASH BALANCE IN FUNDS: General . . . . . . . . . . . . . . . . $ 140,821 Special revenue . . . . . . . . . . . . 28,507 Capital projects . . . . . . . . . . . . 302,715 Enterprise . . . . . . . . . . . . . . . 928,237 Internal service . . . . . . . . . . . . -1,092 $ 1,399,188 CASH ON DEPOSIT: Petty cash . . . . . . . . . . . . . . . $ 195 Checking accounts: General - First Security . . . . . . 118,686 Water Works - Key Bank . . . . . . . -74,301 1,354,608 Total cash in banks . . . . . . . $ 1,399,188 -17- 44,385 Investments (Insured or registered in City's name): Key Bank - Savings . . . . . . . . . 68,891 Key Bank - Savings. . . . . . . . . . 329,575 State pool . . . . . . . . . . . . . 500,954 First Security Bank - CD . . . . . . 74,499 Idaho Central Credit Union 65,000 Key Bank - CD . . . . . . . . . . . . 22,209 Key Bank - Savings . . . . . . . . . 82,469 Key Bank - CD . . . . . . . . . . . . 75,713 Key Bank - Savings. . . . . . . . . . 129,882 Key Bank - Savings . . . . . . . . . 1416 1,354,608 Total cash in banks . . . . . . . $ 1,399,188 -17- CITY OF CHUBBUCK NOTES TO FINANCIAL STATEMENTS - CONTINUED SEPTEMBER 30, 1992 (9) SUMMARY OF MATURITIES AND INTEREST ON SEWER REVENUE BONDS BY YEAR Interest Interest Principal Due Due Due Total Year April 1 October 1 October 1 Due 1992 $ 23,700.00 $ 20,000.00 $ 43,700.00 1993 $ 23,100.00 23,100.00 20,000.00 66,200.00 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 9,900.00 9,900.00 45,000.00 64,800.00 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 5,400.00 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 $286,950.00 $310,650.00 $790,000.00 $1,387,600.00 CITY OF CHUBBUCK NOTES TO FINANCIAL STATEMENTS - CONTINUED SEPTEMBER 30, 1992 (10) SUMMARY OF MATURITIES AND INTEREST ON WATER REVENUE BONDS BY YEAR -19- Interest Interest Principal Due Due Due Year Numbers March 1 September 1 September 1 Total Due 1993 35-38 $ 2,400.00 $ 2,400.00 $ 20,000.00 $ 24,800.00 1994 39-42 1,800.00 %800.00 800.00 20, 000.00 23, 600 , 00 1995 43-46 1,200.00 1,200.00 20,000.00 22,400.00 1996 47-50 600.00 600.00 20,000.00 21,200.00 Totals $ 6,000.00 $ 6,000.00 $ 80,000.00 $ 92,000.00 -19- CITY OF CHUBBUCK STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL GENERAL FUND YEAR ENDED SEPTEMBER 30, 1992 Budget Actual Variance LEGISLATIVE: Salaries . . . . . . . . . . . . . . . $ 14,400 $ 14,400 Purchased services . . . . . . . . . . 5,200 7,564 $ -2,364 19,600 21,964 -2,364 EXECUTIVE: Salaries . . . . . . . . . . . . . . . Purchased services . . . . . . . . . . FINANCIAL: Salaries . . . . . . . . . . . . . . . Supplies . . . . . . . . . . . . . . . 9,600 9,600 5,507 1,500 1,042 458 11,100 10,642 458 10,705 3,600 6,245 -2,645 2,250 11995 255 5,850 8,240 -2,390 LEGAL: Purchased services . . . . . . . . . . 18,500 27,229 -8,729 OTHER GENERAL GOVERNMENT: Personnel benefits . . . . . . . . . . Insurance . . . . . . . . . . . . . . Utilities . . . . . . . . . . . . . . Building maintenance . . . . . . . . . Land purchase . . . . . . . . . . . . Miscellaneous . . . . . . . . . . . . BUILDING INSPECTION: Salaries . . . . . . . . . . . . . . . Supplies and other . . . . . . . . . . ENGINEERING: Salaries . . . . . . . . . . . . . . . Supplies and other . . . . . . . . . . 100,322 94,815 5,507 109,666 109,527 139 3,500 1,854 1,646 10,705 26,143 -15,438 40,000 883 39,117 50,381 2,851 47,530 314,574 236,073 78,501 24,545 28,864 -4,339 3,150 1,697 1,453 27,695 30,561 -2,866 6,183 6,630 -447 3,300 4,890 -1,590 9,483 11,520 -2,037 The accompanying notes are an integral part of these statements. -20- CITY OF CHUBBUCK STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL GENERAL FUND YEAR ENDED SEPTEMBER 30, 1992 CONTINUED STREETS AND ROADS: Salaries . . . . . . . . . . . . . . . Personnel benefits . . . . . . . . . . Supplies . . . . . . . . . . . . . . . Purchased services . . . . . . . . . . Capital outlay . . . . . . . . . . . . LAW ENFORCEMENT: Salaries . . . . . . . . . . . . . . . Supplies . . . . . . . . . . . . . . . Purchased services . . . . . . . . . . Capital outlay . . . . . . . . . . . . FIRE CONTROL: Salaries . . . . . . . . . . . . . . . Supplies . . . . . . . . . . . . . . . Purchased services . . . . . . . . . . Capital outlay . . . . . . . . . . . . Debt service . . . . . . . . . . . . . Transfer . . . . . . . . . . . . . . . PARKS AND RECREATION: Budget Actual Variance $ 149,171 $ 153,552 $ -4,381 46,263 45,479 784 83,350 132,689 -49,339 197,398 45,704 151,694 32,962 21,383 11,579 509,144 398,807 110,337 129,625 -5,494 HEALTH AND WELFARE: 388,189 383,603 4,586 30,275 26,982 3,293 126,770 193,364 -66,594 37,123 40,111 -2,988 582,357 644,060 -61,703 119,000 119,003 -3 26,440 28,680 -2,240 31,800 26,289 5,511 10,700 12,630 -1,910 54,000 54,790 -790 25,000 25,000 0 266,940 266,372 568 Salaries . . . . . . . . . . . . . . . 36,697 37,346 -649 Supplies . . . . . . . . . . . . . . . 28,650 32, 134 -3,484 Purchased services . . . . . . . . . . 38,295 36,448 1,847 Capital outlay . . . . . . . . . . . . 20,489 23,697 -3,208 124,131 129,625 -5,494 HEALTH AND WELFARE: Contributions . . . . . . . . . . . . 15,723 25,288 -9,565 Total general fund . . . . . . . . -21- $1,905,097 $1,810,381 $ 94,716 CITY OF CHUBBUCK COMBINING BALANCE SKEET SPECIAL REVENUE FUNDS SEPTEMBER 30, 1992 Road Dedication LID #1 Fund Fund ASSETS: Cash . . . . . . . . . . . . . . . . . . . . . $ 5,006 $ 10,417 Total assets . . . . . . . . . . . . . . . $ 5,006 $ 10,1417 LIABILITIES: Total liabilities . . . . . . . . . . . . . $ 0 $ 0 FUND EQUITY: Fund balance . . . . . . . . . . . . . . . . 5,006 10,1417 Total fund equity . . . . . . . . . . . . . 5,006 10,1417 Total liabilities and fund equity . . . . . . . . . . . . . . $ 5,006 The accompanying notes are an integral part of these statements. -22- $ 10,1417 Health Police Insurance Training Fund Fund $ 1,125 $ 11,959 $ 1,125 $ 11,959 $ 0 $ 0 1,125 11,959 1,125 11,959 $ 1,125 $ 11,959 Total $ 28,507 $ 28,507 $ 0 28,507 28,507 $ 28,507 -23- -24- O m O} cc O O c0 CYN 1-- 11 tb M— 6-1 O O 6h Q O It co m M ti O O L ti L(1 11 It rte! lD m r N i N m CU c0 11 (U N II a.J 11 O I1 E- II fl 113 U <fi 4Pr II z d rn m m o m ko ON u d by =r ON U) ON O'% .D Lf) II m a7 r- m m M .o .D N rn it U •r -I •d „ •. •. It A rl ti~ C r m m It z rr .rs n o w 11 Ei u i1 [x] Q7 O O G O O to Ifl II O U c0 OD O O N --It N it z a z O O rn O4-3 It Cd rO 3" H S. r.. N N M 11 U N (d z �j I I1 O� O O rr+ " 11 A - :4 � z c U W m A M Cxa 01% Oh O O) CO N 11 Qi r I I O O O m zr 11 H W 11 .y. A 2 x r 01 O- 11 U z w w Cra Pr W a H Cx. 11 O 7C a W ., It W C/] w E-+ A A H z H W U d U �i S~ N .D O .O •O 11 C4 z o m .D o a ,a it w w w --1 Oz o o O u fX N (a G --T Lf) II1 L[l Ik Tsl d O U 1 f •�` w (� •ri I! W O rl W O U} W W H E• d H as w z z 4-)2$ z H c 4-3 W 2 O Q1 -4 H H H O 4M GC w 2 O a) � m O F9 w OU 0) S~ ? k W I 1 � f. •• O m A cri> r W z w w r- (1) .N H W r I W U U O s U) ro = —1 ca z z •4 m 4-) z C13 4--� w d .. +-) 4 s o E1 S. O x " a7 EA d d a t A O V) W CU z o O c z Y) Ul f21 Q a U z z 171 x x :7D z rx w m til u -24- (THIS PAGE INTENTIONALLY LEFT BLANK.) -25- CITY OF CHUBBUCK COMBINING BALANCE SHEET CAPITAL PROJECT FUNDS SEPTEMBER 30, 1992 ASSETS: Cash . . . . . . . . . . . . . . . . . Total assets . . . . . . . . . . . . LIABILITIES: Total liabilities . . . . . . . . . FUND EQUITY: Fund balance . . . . . . . . . . . . . Total fund equity . . . . . . . . . Total liabilities and fund equity . Road Capital Parks Fire Projects #2 Station Fund Fund Fund $ 191,630 $ 44,159 $ 60,283 $ 191,630 $ 44,159 $ 60,283 $ 0 $ 0 $ 0 191,630 44,159 60,283 191,630 44,159 60,283 $ 191,630 $ 44,159 $ 60,283 The accompanying notes are an integral part of these statements. -26- Parks Dedicated Fund Total $ 6,643 $ 302,715 $ 6,643 $ 302,715 $ 0 $ 0 6,643 302,715 6,643 302,715 $ 6,643 $ 302,715 -27- CITY OF CHUBBUCK COMBINING STATEMENT OF REVENUE AND EXPENDITURES CAPITAL PROJECT FUNDS YEAR ENDED SEPTEMBER 30, 1992 Road Capital Project Parks Fire #2 Station Fund Fund REVENUE: Interest . . . . . . . . . . . . . . . . . $ 8,058 $ 1,591 $ 5,961 Donations . . . . . . . . . . . . . . . . Total revenue . . . . . . . . . . . . . 8,058 1,591 5,961 EXPENDITURES: Public safety . . . . . . . . . . . . . . 98,347 Total expenditures . . . . . . . . . . 0 0 98,347 EXCESS REVENUE OR (EXPENDITURES). . . . . . . 8,058 1,591 -92,386 OTHER FINANCING SOURCES (USES): Transfers in . . . . . . . . . . . . . . . 25,000 Transfers out . . . . . . . . . . . . . . EXCESS (SOURCES/USES) . . . . . . . . . . . . 33,058 1,591 -92,386 FUND BALANCE -- BEGINNING . . . . . . . . . . 158,572 42,568 152,669 FUND BALANCE - ENDING . . . . . . . . . . . . $ 191,630 $ 44,159 $ 60,283 The accompanying notes are an integral part of these statements. -28- Parks Dedicated Fund Total $ 154 $ 15,764 2,868 2,868 3,022 18,632 98,347 0 98,347 3,022 -79,715 25,000 3,022 -54,715 3,621 357,430 $ 6,643 $ 302,715 -29- CITY OF CHUBBUCK COMBINING BALANCE SHEET ENTERPRISE FUNDS SEPTEMBER 30, 1992 Utilities Fund ASSETS: Cash . . . . . . . . . . . . . . . . . . . $ 143,786 Receivables: Accounts . . . . . . . . . . . . . . . 176,066 Restricted Cash: Replacement fund . . . . . . . . . . . Bond and interest reserves . . . . . . 75,707 Water meter deposits . . . . . . . . . 56,255 Fixed assets . . . . . . . . . . . . . . . 3,732,450 Accumulated depreciation . . . . . . 1,742,803 Water Depreciation Bond Reserve Reserve Fund Fund $ 309,195 $ 79,501 Total assets . . . . . . . . . . . . . $ 2,441,461 $ 309,195 $ 79,501 LIABILITIES: Accounts payable . . . . . . . . . . . . . $ 30,210 Deposits payable . . . . . . . . . . . . . 56,255 Payable from Restricted Assets: Bonds payable - current . . . . . . . . 40,000 Accrued bond interest payable . . . . . 24,100 Bonds payable - long term . . . . . . . . 830,000 Total liabilities . . . . . . . . . . . 980,565 $ 0 $ 0 FUND EQUITY: Retained earnings . . . . . . . . . . . . 776,921 Contributed capital . . . . . . . . . . . 942,038 Accumulated depreciation . . . . . . . . . -333,770 Reserve for debt service . . . . . . . . . 75,707 79,501 Reserve for replacement Hand . . . . . . 309,195 Total fund equity . . . . . . . . . . . 1,460,896 309,195 79,501 Total liabilities and fund equity . . . $ 2,441,461 $ 309,195 $ 79,501 The accompanying notes are an integral part of these statements. 1wom Total $ 143,786 176,066 $ 123,567 432,762 $ 140,226 295,434 56,255 3,732,450 -1,742,803 $ 140,226 $ 123,567 $ 3,093,950 $ 0 $ $ 30,210 56,255 40,000 24, 100 830,000 0 980,565 776,921 942,038 -333,770 140,226 295,434 123,567 432,762 140,226 123,567 2,113,385 $ 140,226 $ 123,567 $ 3,093,950 -31- Sewer Sewer Repairs Bond and Reserve Replacement Fund Fund Total $ 143,786 176,066 $ 123,567 432,762 $ 140,226 295,434 56,255 3,732,450 -1,742,803 $ 140,226 $ 123,567 $ 3,093,950 $ 0 $ $ 30,210 56,255 40,000 24, 100 830,000 0 980,565 776,921 942,038 -333,770 140,226 295,434 123,567 432,762 140,226 123,567 2,113,385 $ 140,226 $ 123,567 $ 3,093,950 -31- CITY OF CHUBBUCK COMBINING STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS AND RESERVES ENTERPRISE FUNDS YEAR ENDED SEPTEMBER 30, 1992 OTHER FINANCING SOURCES (USES): Transfers from other funds . . . . . . . . 124,377 Transfers to other funds . . . . . . . . . -124,377 RETAINED EARNINGS -- RESERVES: Balance - Beginning . . . . . . . . . . . 860,049 175,524 76,115 RETAINED EARNINGS - RESERVES: Balance - Ending . . . . . . . . . . . . . $ 852,628 $ 309,195 $ 79,501 The accompanying notes are an integral part of these statements. -32- Water Depreciation Bond Utilities Reserve Reserve Fund Fund Fund OPERATING REVENUE: Service Charges: Sanitation . . . . . . . . . . . . .. $ 247,173 Water . . . . . . . . . . . . . . . . . 495,591 Sewer . . . . . . . . . . . . . . . . . 592,041 Interfund revenue . . . . . . . . . . . . 25,009 Wal Mart . . . . . . . . . . . . . . . 40,000 Total operating revenue . . . . . . . . 1,399,$14 $ 0 $ 0 OPERATING EXPENSES: Personnel . . . . . . . . . . . . . . .. 381,308 Personnel benefits . . . . . . . . . . . . 157,846 Supplies . . . . . . . . . . . . . . . . . 81,412 Purchased services . . . . . . . . . . . . 488,628 Interfund expenses . . . . . . . . . . . . 21,000 Depreciation . . . . . . . . . . . . . . . 120,804 Total operating expenses . . . . . . . 1,250,998 0 0 OPERATING INCOME . . . . . . . . . . . . . . 148,816 0 0 NONOPERATING REVENUE (EXPENSES): 16,540 9,294 3,386 Interest income . . . . . . . . . . . . -48,400 Interest expense . . . . . . . . . . . . Total nonoperating revenue (expenses) . -31,860 9,294 -3,386 NET INCOME . . . . . . . . . . . . . . . . 116,956 9,294 3,386 OTHER FINANCING SOURCES (USES): Transfers from other funds . . . . . . . . 124,377 Transfers to other funds . . . . . . . . . -124,377 RETAINED EARNINGS -- RESERVES: Balance - Beginning . . . . . . . . . . . 860,049 175,524 76,115 RETAINED EARNINGS - RESERVES: Balance - Ending . . . . . . . . . . . . . $ 852,628 $ 309,195 $ 79,501 The accompanying notes are an integral part of these statements. -32- Sewer Sewer Repairs Bond and Reserve Replacement Fund Fund Total $ 247,173 495,591 592,041 25,009 40,000 $ 0 $ 0 1,399,814 381,308 157,846 81,412 488,628 21,000 120,804 0 0 1,250,998 0 _ 0 1483816 10,271 10,271 10,271 7,666 47,157 -48,400 7,666 -1,243 7,666 147,573 124,377 -124,377 129,955 115,901 1,357,544 $ 140,226 $ 123,567 $ 1,505,117 -33- CITY OF CHUBBUCK TEN YEAR SUMMARY OF TAX LEVIES SEPTEMBER 30, 1992 Year of Levy 1) Value Levy 1982 $ 125,878,960 .003471 1983 110,367,077* .004074 1984 119,520,105* .004051 1g85 121,985,145* .004322 1986 124,887,711* .004769 1987 125,907,871* .005013 1988 125,858,270* .005089 1989 125,917,949* .005295 1990 124,789,912* .006040 1991 127,017,877* .006231 437,756 452,173 484,489 528,969 599,487 633,689 640,493 688,999 767,051 795,941 * Net of home owners exemption. 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. -34- Jk Jones, Yost & Hatt CERTIFIED PUBLIC ACCOUNTANTS P.O. BOX 4987 SCOTT N. JONES, CPA — Partner Pocatello, Idaho 83205 KENT L. YOST, CPA, JD — Partner MORGAN J. HATT, CPA — Partner Honorable Mayor and Members of the City Council 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, 1992, and have issued our report thereon dated January 27, 1993. 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 as 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. L ONES, & H Pocatello, Idaho, January 27, 1993. 416 SOUTH 4TH AVENUE • P.O. BOX 4987 1 POCATELLO, IDAHO 83205 • PHONE 208!233-5000 • FAX 2081233-5010 CITY OF CHUBBUCK, IDAHO SUPPLEMENTAL SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE YEAR ENDED SEPTEMBER 301 1992 FEDERAL DEPARTMENT: Bureau of Justice Assistance GRANT: DARE (DR -11-91) i Catalogue No. 16.579 TOTAL AWARD: Federal (July 21, 1991 to July 20, 1992) . . . . . . . $ 69,246.60 State (July 1, 1991 to June 15, 1992) . . . . . . . . 21;021.40 $ 90,268.00 Revenue - Fiscal year 1991 . . . . . . . . . . . . . . . $ 13,754.10 Revenue - Fiscal year 1992 . . . . • . . . . • . . . . . 76,513.90 $ 90,268.00 Expenditures . . . . . . . . . . . . . . . . . . . . . . $ 90,268.00 -37- SCOTT N. JONES, CPA — Partner KENT L. YOST, CPA, JD Partner MORGAN J. HATT, CPA — Partner Jk Jones, Yost & Hatt CERTIFIED PUBLIC ACCOUNTANTS P.O. BOX 4987 Pocatello, Idaho 83205 Honorable Mayor and Members of the City Council City of Chubbuck, Idaho Single Audit Report on Compliance With Requirements Applicable to Nonmajor Federal Financial Assistance Program Transactions MEMBERS OF American Institute of Certified Public Accountants Idaho Society of Certified Public Accountants In connection with our audit of the September 30, 1992, 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, 1992. 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. 0 wEs, Y T & ITATT Pocatello, Idaho, January 27, 1993- 416 SOUTH 4TH AVENUE 9 P.O. BOX 4987 9 POCATELLO, IDAHO 83205 • PHONE 2081233-5000 • FAX 2081233-5010 r• 1. SCOTT N. JONES, CPA — Partner KENT L. YOST, CPA, JD — Partner MORGAN J. HATT, CPA — Partner Jk Jones, Yost & Hatt CERTIFIED PUBLIC ACCOUNTANTS P.O. SOX 4987 Pocatello, Idaho 83205 Honorable Mayor and Members of the City Council City of Chubbuck, Idaho Independent Auditor's Report MEMBERS 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, 1992, and have issued our report thereon dated January 27, 1993• We conducted our audit in accordance with generally accepted auditing standards and Government 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. Compliance with laws, regulations, and contracts, 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. 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. Pocatello, Idaho, January 27, 1993. 416 SOUTH 4TH AVENUE • P.O. BOX 4987 • POCATELLO, IDAHO 83205 • PHONE 2081233-5000 • FAX 2081233-5010 I'l SCOTT N. JONES, CPA — Partner KENT L. YOST, CPA, JD — Partner MORGAN J. HATT, CPA — Partner 'Jk Jones, Yost & Hatt CERTIFIED PUBLIC ACCOUNTANTS P.O. SOX 4957 Pocatello, Idaho 83205 Honorable Mayor and Members of the City Council 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, 1992, and have issued our report thereon dated January 27, 1993• 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, 1992. 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 proceding 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. JONES, 0 & H T Pocatello, Idaho, January 27, 1993. 416 SOUTH 4TH AVENUE • P.O. BOX 4987 • POCATELLO, IDAHO 83205 • PHONE 2081233-5000 • FAX 208/233-5010 r I'L It it I'P Jk Jones, Yost & Hatt CERTIFIED PUBLIC ACCOUNTANTS P.O. BOX 4987 MEMBERS OF SCOTT N. JONES, CPA — Partner Pocatello, Idaho 83205 American Institute of KENT L. YOST, CPA, JD — Partner Certified Public Accountants MORGAN J. HATT, CPA Partner Idaho Society of Certified Public Accountants Honorable Mayor and Members of the City Council City of Chubbuck, Idaho Single Audit Combined Report on Internal Control Structure We have audited the general purpose financial statements of Chubbuck, Idaho, as of and for the year ended September 30, 1992, and have issued our report thereon dated January 27, 1993. We have also audited the City's compliance with requirements applicable to Federal financial assistance programs and have issued our report thereon dated January 27, 1993. We conducted our audits 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 and about whether the City of Chubbuck, Idaho, complied with laws and regulations, noncompliance with which would be material to a Federal financial assistance program. In planning and conducting our audit for the year ended September 30, 1992, we considered the City's internal control structure in order to determine our auditing procedures for the purpose of expressing our opinion on the City's general purpose financial statements and on its compliance with requirements applicable to Federal financial assistance programs and not to provide assurance on the internal control structure. Management 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 • PHONE 2081233-5000 • FAX 2081233-5010 i F, I't r. I: Honorable Mayor and Members of the City Council Page 2 For the purpose of this report, we have classified the significant internal control structure policies and procedures in the following categories: Internal Accounting Controls Cash Revenues Payroll Expenditures Grants Fixed Assets Budgets Purchasing Administrative Controls General Requirements Political Activity Civil Rights Cash Management Federal Financial Reports Specific Requirements Types of Services Matching Funds 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 3.0, 1992, the City of Chubbuck, Idaho, had no major Federal financial assistance programs and expended all of its 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. 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 operation that we consider to be material weaknesses as defined above. r Honorable Mayor and Members of the City Council Page 3 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. NES,OS & HAT Pocatello, Idaho, January 27, 1993. \� )$ Aff