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7. Supplemental Informationr SPECIAL REVENUE FUNDS AD W Airport TIF — Accounts for monies received and expended for approved projects in this TIF district. Westside TIF — Accounts for monies received and expended for approved projects in this TIF district. Parks in Lieu — Accounts for monies received by developer's for the purpose of making improvements in specific City parks. Parks — Accounts for the monies received and expended in the operations of the City's Parks Department. Ambulance — Accounts for the monies received and expended in the operations of the City's Ambulance Department. Old School TIF's — Accounts for monies received and expended for approved projects in these TIF districts. Health Levy — Accounts for revenue from the permissive mill levy which provides funding for the fiscal year 2003 health insurance premium rate increase. Building Department — Accounts for all activity of enforcing the building regulations adopted by the City. Impact Fees — Accounts for street and public safety impact fees received and allowed and approved expenditures of each. Light Maintenance — Accounts for special assessment revenues levied, received, and expended for street lighting. Gas Tax — Accounts for revenues from State gasoline taxes apportioned from the State of Montana Department of Highways. Street Maintenance — Accounts for special assessment revenues levied, received, and expended to keep streets clean, safe, and driveable. Forestry — Accounts for special assessment revenues levied, received, and expended to care for almost 7000 trees. Urban Forestry Grant - Accounts for grant monies received for and expenditures related to City efforts to remove and replace old and diseased trees. Courtyard — Accounts for monies received and expended relating to the 16 units of housing known as the Courtyard Apartments. Community Development Operations — Accounts for monies received and expended in planning and implementing economic and community development programs. Rural Development Loan Revolving (2) — Accounts for monies received, grant and other, and expended in the process of providing gap financing for business retention, expansion, or start-up. Law Enforcement Grants (Stonegarden, Drug Enforcement, CHRP) — Accounts for multiple grants received by the Police Department and all related revenues and expenditures. IT Upgrade Grant - Accounts for grant monies received for and expenditures related to efforts to upgrade the City's information technology system. Court Grant — Accounts for grant monies received by the Municipal Court and all related revenues and expenditures. Preserve America Grant - Accounts for grant monies received for and expenditures related to efforts to promote the City's historic downtown as a destination. CDBG — ED FVCC Grant — Accounts for pass-thru grant monies received for and expenditures related to expanding the welding/metals fabrication program at Flathead Valley Community College. DUI Court Grant — Accounts for grant monies received by the Municipal Court and all related revenues and expenditures. EPA Brownfields Grants (2) - Accounts for grant monies received for and expenditures related to environmental assessments. Fire Grants - Accounts for multiple grants received by the Fire Department and all related revenues and expenditures. CTEP - Accounts for grant monies received by the Parks Department and all related revenues and expenditures for the expansion of the urban trail system. NSP Grant - Accounts for pass-thru monies received and expended in implementing an economic and community development program related to purchasing foreclosed homes for resale. Energy Efficiency Grants — Accounts for grant monies received for and expenditures related to City efforts to increase energy efficiency. Safer Grant - Accounts for grant monies received for and expenditures related to three City Firefighters. DEBT SERVICE FUNDS 2002 G.O. Bond — Accounts for the debt service payments associated with the Woodland Water Park general obligation bonds. 2004 G.O. Bond — Accounts for the debt service payments associated with the Fire Station #52 general obligation bonds. City Hall Debt Service — Accounts for the debt service payments associated with the new City Hall at 201 1" Avenue East. Airport TIF Debt Service - Accounts for the debt service payments associated with the Airport Tax Increment District. Debt Service Revolving — Accounts for monies associated with the closing out of debt service funds and covering other debt service fund payment shortages. S & C's - Accounts for the debt service payments associated with Sidewalk & Curb bonds. SID 343 - Accounts for the debt service payments associated with the Special Improvement District #343 bonds. CAPITAL PROJECT FUNDS Fire Station Construction Grant — Accounts for grant monies received for and expenditures related to the remodel of Fire Station #51. FAA Planning - Accounts for grant monies received for and expenditures related to an updated City Airport master plan. ASSETS Cash and investments Taxes and assessments receivable. net Accounts receivable - net Due from other funds Due from other governments Contracts receivable Notes and loans receivable Prepaid expenses Restricted assets: Restricted cash and investments Total assets LIABILITIES AND FUND BALANCE Liabilities: Accounts payable Accrued payroll Retainage Due to other fiords Deferred revenue -accounts recievable Deferred revenue -assessments recievable Deferred revenue -loans recievable Deferred revenue -impact fees receivable Total liabilities Fund Balance: Nonspendable - not in spendable form: Prepaid Restricted Public Safety Public Works Culture and Recreation Community Development Debt Service Other Capital Projects Other Purposes Unrestricted fiord balance: Unassigned Total fund balance Total liabilities and fund balance See accompanying notes to the financial statements City of Kalispell, Montana Nonmajor Governmental Funds Combining Balance Sheet June 30, 2011 Airport TIF Westside TIF Parks in Lieu Parks Ambulance Old School TIFs 1,373,551 2,235,257 54,469 295,312 122,625 - - 53,548 - 81.331 - 40,766 - - 402.148 - 21,263 600 12,064 500 1,373,551 2,310,068 54,469 377,743 524,773 52,830 - 22 22,767 8,897 607 463 57,622 27,007 - - 397.495 - 53,548 81,331 - 40,766 607 54,033 161,720 433,399 40,766 - - 500 - - - 91.374 - - 54,469 215,523 - 1,372,944 2,256,035 - - 12.064 1,372,944 2,256,035 54,469 216,023 91,374 12,064 1,373,551 2,310,068 54,469 377,743 524,773 52,830 VAI ASSETS Cash and investments Taxes and assessments receivable, net Accounts receivable - net Due from other funds Due from other governments Contracts receivable Notes and loans receivable Prepaid expenses Restricted assets: Restricted cash and investments Total assets LIABILITIES AND FUND BALANCE Liabilities: Accounts payable Accrued payroll Retainage Due to other funds Deferred revenue -accounts recievable Deferred revenue -assessments recievable Deferred revenue -loans recievable Deferred revenue -impact fees receivable Total liabilities Fund Balance: Nonspendable - not in spendable form: Prepaid Restricted Public Safety Public Works Culture and Recreation Community Development Debt Service Other Capital Projects Other Purposes Unrestricted fund balance: Unassigned Total fund balance Total liabilities and fund balance See accompanying notes to the financial statements City of Kalispell, Montana Nonmajor Governmental Funds Combining Balance Sheet June 30, 2011 Building Light Street Health Levy Department Impact Fees Maintenance Gas Tax Maintenance 15,234 154,627 2,028 158,487 514,520 875.448 71,116 - - 19,494 - 130,411 - - 6,200 210,261 1,561 - 637 - 473 - - 195,266 - - 103,536 86,350 154,627 198,855 184,181 514,520 1, 320,766 1,058 13,343 161,506 50,434 3,961 517 - 25.269 - - 8,130 9,665 - 16,000 71,116 19,494 130,411 - - 1,561 - - 637 71,116 5,019 1,561 33,354 169,636 232,416 - - 473 149,608 197,294 - - - - - 150,827 344,884 1,087,877 15,234 15,234 149,608 197,294 150,827 344,884 1,088,350 86,350 154,627 198,855 184,181 514,520 1,320,766 73 ASSETS Cash and investments Taxes and assessments receivable, net Accounts receivable - net Due from other funds Due from other governments Contracts receivable Notes and loans receivable Prepaid expenses Restricted assets: Restricted cash and investments Total assets LIABILITIES AND FUND BALANCE Liabilities: Accounts payable Accrued payroll Retainage Due to other funds Deferred revenue -accounts recievable Deferred revenue -assessments recievable Deferred revenue -loans recievable Deferred revenue -impact fees receivable Total liabilities Fund Balance: Nonspendable - not in spendable form: Prepaid Restricted Public Safety Public Works Culture and Recreation Community Development Debt Service Other Capital Projects Other Purposes Unrestricted fund balance: Unassigned Total fund balance Total liabilities and fund balance See accompanying notes to the financial statements City of Kalispell, Montana Nonmajor Governmental Funds Combining Balance Sheet June 30, 2011 Urban Forestry Community Dev. Rural Development Forestry Grant Courtyard Operations Loan Revolving 70,840 (5,432) (46,765) 359,717 249,273 16,200 - - 2,773 5.932 66.347 250,527 97,834 - - - 187,647 500 (46,765) 426,064 499,800 320 500 - - 5,058 - 2,034 1,012 16,200 - - - 66,347 250,527 21.578 500 68,381 251539 166,069 - - - 357.683 248,261 - 166,069 - (46,765) 357,683 248,261 187,647 500 (46,765) 426,064 499,800 74 ASSETS Cash and investments Taxes and assessments receivable, net Accounts receivable - net Due from other funds Due from other governments Contracts receivable Notes and loans receivable Prepaid expenses Restricted assets: Restricted cash and investments Total assets LIABILITIES AND FUND BALANCE Liabilities: Accounts payable Accrued payroll Retainage Due to other funds Deferred revenue -accounts recievable Deferred revenue -assessments recievable Deferred revenue -loans recievable Deferred revenue -impact fees receivable Total liabilities Fund Balance: Nonspendable - not in spendable form: Prepaid Restricted Public Safety Public Works Culture and Recreation Community Development Debt Service Other Capital Projects Other Purposes Unrestricted fund balance: Unassigned Total fund balance Total liabilities and fund balance See accompanying notes to the financial statements City of Kalispell, Montana Nonmajor Governmental Funds Combining Balance Sheet June 30, 2011 BOJ-IT Rural Development Stonegarden Drug Enforcement Law Enforcement UPGRADE Loan Revolving 02 Grant Grant CHRP Grant Grants GRANT 117,583 (1,215) (18,594) 8,445 (24.664) (2,964) 1,676 29,423 16,555 27,002 2.964 168,001 285,584 461 10,829 25,000 2,338 461 2,501 1310 168.001 168,001 461 2,501 1,310 8,328 25,000 1,028 117,583 117.583 - 8,328 25.000 1,028 285,584 461 10,829 25,000 2,338 75 ASSETS Cash and investments Taxes and assessments receivable, net Accounts receivable - net Due from other funds Due from other governments Contracts receivable Notes and loans receivable Prepaid expenses Restricted assets: Restricted cash and investments Total assets LIABILITIES AND FUND BALANCE Liabilities: Accounts payable Accrued payroll Retainage Due to other funds Deferred revenue -accounts recievable Deferred revenue -assessments recievable Deferred revenue -loans recievable Deferred revenue -impact fees receivable Total liabilities Fund Balance: Nonspendable - not in spendable form: Prepaid Restricted Public Safety Public Works Culture and Recreation Community Development Debt Service Other Capital Projects Other Purposes Unrestricted fund balance: Unassigned Total fund balance Total liabilities and fund balance See accompanying notes to the financial statements City of Kalispell, Montana Nonmajor Governmental Funds Combining Balance Sheet June 30, 2011 Court Grant Preserve America Grant CDBG - ED FVCC DUI Court Grant EPA Brownfields Grant EPA Brownfiields AWP Grant (3,837) 8,239 (1,000) 5.677 (44,030) 44,030 (14,862) 20,315 (3,878) 22,482 (13,723) 13,723 4A02 4,677 5,453 18,604 4,396 4,677 - 5,453 18,604 4,396 4,677 5,453 18,604 6 6 4,402 4,677 5,453 18,604 We ASSETS Cash and investments Taxes and assessments receivable, net Accounts receivable - net Due from other funds Due from other governments Contracts receivable Notes and loans receivable Prepaid expenses Restricted assets: Restricted cash and investments Total assets LIABILITIES AND FUND BALANCE Liabilities: Accounts payable Accrued payroll Retainage Due to other funds Deferred revenue -accounts recievable Deferred revenue -assessments recievable Deferred revenue -loans recievable Deferred revenue -impact fees receivable Total liabilities Fund Balance: Nonspendable - not in spendable form: Prepaid Restricted Public Safety Public Works Culture and Recreation Community Development Debt Service Other Capital Projects Other Purposes Unrestricted fund balance: Unassigned Total fund balance Total liabilities and fund balance See accompanying notes to the financial statements City of Kalispell, Montana Nonmajor Governmental Funds Combining Balance Sheet June 30, 2011 Fire Grants / Donations CTEP NSP Grant 47,844 5,002 39,475 Total Special Grants Safer Grant Revenue Funds (6,164) (92,101) 6,381,033 412,866 402,148 6,796 100.187 597,637 2.198 484,875 973 47,844 5,002 39,475 632 8,086 8,678,366 550 39,475 632 - 332.634 - - - - 8,086 135,908 4,582 - 22,377 - 16.000 397,495 412,866 484,875 - - - - - 2,198 550 4,582 39,475 632 8,086 1,804,353 973 47.294 519932 - - 1,583,588 420 436,481 - 4,364,570 15,234 - - (46,765) 47,294 420 - - - 6,874,013 47.844 5,002 39,475 632 8,086 8,678,366 77 ASSETS Cash and investments Taxes and assessments receivable, net Accounts receivable - net Due from other funds Due from other governments Contracts receivable Notes and loans receivable Prepaid expenses Restricted assets: Restricted cash and investments Total assets LIABILITIES AND FUND BALANCE Liabilities: Accounts payable Accrued payroll Retainage Due to other funds Deferred revenue -accounts recievable Deferred revenue -assessments recievable Deferred revenue -loans recievable Deferred revenue -impact fees receivable Total liabilities Fund Balance: Nonspendable - not in spendable form: Prepaid Restricted Public Safety Public Works Culture and Recreation Community Development Debt Service Other Capital Projects Other Purposes Unrestricted fund balance: Unassigned Total fund balance Total liabilities and fund balance See accompanying notes to the financial statements City of Kalispell, Montana Nonmajor Governmental Funds Combining Balance Sheet June 30, 2011 City Hall Debt Airport TIF 2002 G.O. Bond 2004 G.O. Bond Service Debt Service SID Revolving S & C's 17,358 31,643 317 4.584 256,620 564 36,225 32.753 - 157,997 4,423 43,082 - 933 - 36,046 153 712 - - - 184,875 - - 53,583 64.396 317 383.502 262,129 44358 933 36,225 32,753 157,997 4,423 43,082 36,225 32,753 157,997 4,423 44,015 17,358 31,643 317 225,505 257,706 343 17,358 31,643 317 225,505 257,706 343 53,583 64,396 317 383,502 262,129 44,358 78 City of Kalispell, Montana Nonmajor Governmental Funds Combining Balance Sheet June 30, 2011 ARRA-Fire Station Total Nonmajor Total Debt Construction FAA - Planning Total Capital Governmental SID 343 Service Funds Grant Grant Project Funds Funds ASSETS Cash and investments (40,054) 271,032 (123.362) 3,298 (120.064) $ 6,532,001 Taxes and assessments receivable, net 719,530 994,010 - 1,406,876 Accounts receivable - net - - 402.148 Due from other funds - 933 - - - 933 Due from other governments 41,729 78.640 196,757 15,200 211,957 888,234 Contracts receivable - - - - - 2,198 Notes and loans receivable 484,875 Prepaid expenses - - 973 Restricted assets: Restricted cash and investments 79,075 263,950 - - - 660,586 Total assets 800,280 1,608,565 73,395 18,498 91,893 $ 10,378,824 LIABILITIES AND FUND BALANCE Liabilities: Accounts payable - - 70,337 16,000 86,337 418,971 Accrued payroll - - - 135,908 Retainage - 3.058 3,058 25,435 Due to other funds 933 - - 16,933 Deferred revenue -accounts recievable - - 397,495 Deferred revenue -assessments recievable 719,530 994,010 1,406,876 Deferred revenue loans recievable - - 484,875 Deferred revenue -impact fees receivable - - - - - 2,198 Total liabilities 719,530 994,943 73,395 16,000 89,395 $ 2.888,691 Fund Balance: Nonspendable - not in spendable form: Prepaid - - - - - 973 Restricted Public Safety 519,932 Public Works 1,583,588 Culture and Recreation 436,481 Community Development - - 4,364,570 Debt Service 80,750 613.622 - - 613,622 Other Capital Projects - - 1498 2,498 2,498 Other Purposes - - 15,234 Unrestricted fund balance: Unassigned - - - - (46,765) Total fund balance 80,750 613,622 - 2,498 2,498 $ 7,490,133 Total liabilities and fund balance 860,280 1,608,565 73,395 18,498 91,893 $ 10,378,824 See accompanying notes to the financial statements 79 City of Kalispell, Montana Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances For the Year Ended June 30, 2011 REVENUES Airport TIF Westside TIF Parks in Lieu Parks Ambulance Old School TIFs Taxes and assessments 304,209 868,409 61,594 Licenses and permits - _ _ _ - _ Intergovernmental 5,153 41.368 - 5,000 85,552 Charges for services 58,791 50,699 33,743 347.534 580,752 - Miscellaneous - - - 3,665 4,169 1.633 Investment earnings 705 3,959 1,567 Total revenues 63,944 396,276 34,448 1,228.567 672,040 63,227 EXPENDITURES Current: General government - - _ _ _ _ Public safety 692,515 Public works _ _ _ _ Culture and recreation - - 3,000 1,146,121 Housing and community development 56,232 45,292 - - 11,230 Debt service - principal _ _ _ _ _ _ Debt service - interest - _ _ Capital outlay 663 675 78,520 Total expenditures 56.232 45,955 3,675 1,224,641 692,515 11,230 Excess (deficiency) of revenues over expenditures 7,712 350,321 30,773 3,926 (20,475) 51,997 OTHER FINANCING SOURCES (USES) Proceeds of general long term debt - - - 78,520 - Transfers in 500,000 63.000 Transfers (out) (4,890) - (15,291) (48,565) Total other financing sources and uses 495,110 (15,291) 141,520 (48,565) Net change in fund balance 502,822 350,321 15,482 145,446 (20,475) 3,432 Fund balances - beginning 870,122 1,905.714 38,987 70,577 111,849 8,632 Restatements - Fund balances -beginning restated 870,122 1,905,714 38,987 70,577 111,849 8,632 Fundbalances- ending 1,372,944 2,256,035 54,469 216,023 91,374 12064 See accompanying notes to the financial statements NH City of Kalispell, Montana Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances For the Year Ended June 30, 2011 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements Building Street Health Levy Department Impact Fees Light Maintenance Gas Tax Maintenance 580,506 - - 272,102 - - - - 366,904 109,356 75,814 232,920 - 1,848,844 205 - 3,440 - 2,649 1,283 2,579 1,366 5,150 8,521 580,506 382,946 78,393 237,726 372,054 1,860,014 259,872 5,138 226.763 273,738 1,687,553 25,750 - 9,307 - 546 75,975 63,443 56,500 259,872 116,170 226,763 337,181 1,744599 580,506 123,074 (37,777) 10,963 34,873 115,415 (577,326) (577,326) 3,180 123,074 (37.777) 10,963 34,873 115,415 12,054 26,534 235,071 139,864 310,011 972,935 12,054 26,534 235,071 139,864 310,011 972.935 15,234 149,608 197,294 150,827 344,884 1,088 350 NI City of Kalispell, Montana Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances For the Year Ended June 30, 2011 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements Rural Rural Urban Forestry Community Dev. Development Loan Development Loan Forestry Grant Courtyard Operations Revolving Revolving 02 2,000 29,148 - 2,000 - - 211,591 - 60,768 29.412 26,166 35,636 868 - 570 - - 1,503 50 4,769 2,043 869 215,962 29,148 60,818 36,751 28,209 36,505 207,728 29,148 - - - - - 85,891 102,496 32,586 - 8,332 - 17,213 29.228 - 15,620 4,861 2,610 21,000 - 228,728 29,148 109,843 102,496 54660 31838 (12,766) (49,025) (65,745) (26,451) 4,667 21,000 21,0U0 8,234 (49,025) (65,745) (26,451) 4,667 157,835 2,260 423,428 274,712 112,916 157,835 2,260 423,428 274,712 112,916 166,069 (46,765) 357.683 248,261 117,583 M. City of Kalispell, Montana Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances For the Year Ended June 30, 2011 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements BOJ-IT Drug Enforcement Law Enforcement UPGRADE Stonegarden Grant Grant CHRP Grant Grants GRANT Court Grant 19,255 43,140 70,334 86,894 33,743 60,275 - - - 9,422 - - 1,557 19,255 43,140 70,334 97.873 33,743 60275 - - - - 60,269 19,255 87.623 70,334 94,706 - - 7,295 33,743 19,255 87,623 70,334 102,001 33,743 60,269 (44,483) (4,128) 6 48,500 20,000 5,000 48,500 20,000 5,000 4,017 20,000 872 6 4,311 5,000 156 - 4,311 5,000 156 - 8,328 25,000 1,028 6 WM City of Kalispell, Montana Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances For the Year Ended June 30, 2011 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements EPA Cultural Arts Preserve CDBG - ED DUI Court EPA Brownfields AWP Fire Grants / Grants America Grant FVCC Grant Brownlields Grant Grant Donations 2,232 5,677 44,030 76.632 127,774 26,128 172,633 1,856 2,232 5,677 44,030 76,632 127,774 26,128 174,489 2,232 76,632 - - - 161,306 5,677 44,030 128,094 26,128 2,232 5,677 44,030 76,632 128.094 26128 161306 - - - (320) - 13,183 (320) 13,183 320 34,111 320 34111 47,294 City of Kalispell, Montana Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances For the Year Ended June 30, 2011 ARRA Street Total Special REVENUES CTEP Stimulus Grant NSP Grant Energy Grants Safer Grant Revenue Funds Taxes and assessments 1,814,718 Licenses and permits - - - - - 272,102 Intergovernmental 94,498 33,955 1,496,950 35,021 147,840 3,114,136 Charges for services - - - - _ 3,711,448 Miscellaneous - 20,612 Investment earnings 137 - 34,501 Total revenues 94,498 34,092 1,496,950 35,021 147,840 8,967,517 EXPENDITURES Current: General government - - - - - 139,133 Public safety - 147,840 1,538,589 Public works 298,804 - 2,486,858 Culture and recreation - - 1,385,997 Housing and community development 1,496,950 2,034,606 Debt service - principal - 80,523 Debt service - interest - - - - - 32,944 Capital outlay 124,110 43,992 35,027 540,937 Total expenditures 124,110 342,796 1,496,950 35,021 147,840 8,239,587 Excess (deficiency) of revenues over expenditures (29,612) (308,704) 727,930 OTHER FINANCING SOURCES (USES) Proceeds of general long term debt - 99,520 Transfers in 15,291 651,791 Transfers (out) - (646,072) Total other financing sources and uses 15,291 105,239 Net change in fund balance (14,321) (308,704) 833,169 Fund balances- beginning 14,741 308,704 6,040,844 Restatements _ Fund balances - beginning restated 14,741 308,704 6,040,844 Fund balances - ending 420 6,874,013 See accompanying notes to the financial statements City of Kalispell, Montana Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances For the Year Ended June 30, 2011 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to dte financial statements City Hall Debt Airport TIF Debt 2002 G.O. Bond 2004 G.O. Bond Service Service SID Revolving S & C's 296,458 266,348 694,555 17,631 - - 156,753 - 714 959 3,065 - 297,172 267,307 156,753 694,555 3,065 17,631 170,000 121,887 185,000 100,632 82,357 56,121 120,000 60,435 14,211 2,951 291,887 267,357 156,753 180,435 17.162 5,285 (50) 514,120 3,065 469 7,168 442 (500,000) (2,563) (99) (500,000) 4,605 343 5,285 (50) 14,120 7,670 812 12,073 31,693 317 211,385 250,036 (469) 12,073 31,693 317 211,385 250036 (469) 17,358 31,643 317 225,505 257,706 343 ,, City of Kalispell, Montana Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances For the Year Ended June 30, 2011 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements Total Debt Service ARRA-Fire Station SID 341 SID 342 SID 343 Funds Construction Grant S & C Construction 4,687 2,713 116,277 1,398,669 1,247,790 156,753 - 4,733 4,687 2,713 116,277 1,560,160 1247790 5,000 10,000 80,000 684,843 310 925 38,700 363,686 - - 1,247,790 942 5,310 10,925 118,700 1,048,529 1,247790 942 (623) (8,212) (2,423) 511,631 (942) - - 942 2,121 9,731 - (7,069) (509,731) (7,069) 2,121 (500,000) 942 (7,692) (6,091) (2,423) 11,631 7,692 6,091 83,173 601.991 7,692 6,091 83,173 601,991 80,750 613,622 M. City of Kalispell, Montana Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances For the Year Ended June 30. 2011 Total Nonmajor FAA - Planning Total Capital Governmental REVENUES Grant Project Funds Funds Taxes and assessments $ 3,213,387 Licenses and permits 272,102 Intergovernmental 45,433 1,293,223 4,407,359 Charges- for services - - 3,711,448 Miscellaneous 177,365 Investment earnings - 39239 Total revenues 45,433 1.293,223 $ 11,820,900 EXPENDITURES Current: General government - - $ 139,133 Public safety 1,538,589 Public works 2,486,858 Culture and recreation 1,385,997 Housing and community development 2,034,606 Debt service - principal - - 765,366 Debt service - interest - - 396,630 Capital outlay 47,825 1,296,557 1,837,494 Total expenditures 47,825 1,296,557 $ 10,584,673 Excess (deficiency) of revenues over expenditures (2,392) (3,334) $ 1,236,227 OTHER FINANCING SOURCES (USES) Proceeds of general long term debt - 942 $ 100,462 Transfers in 4,890 4,890 666,412 Transfers (out) (1,155,803) Total other financing sources and uses 4,890 5,832 $ (388,929) Net change in fund balance 2,498 2,498 $ 847,298 Fund balances - beginning - - $ 6,642,835 Restatements _ Fund balances - beginning restated - - $ 6,642,835 Fund balances - ending 2,498 2,498 $ 7,490,133 See accompanying notes to the financial statements '•, BUDGETARY COMPARISON SCHEDULE - OTHER MAJOR FUNDS City of Kalispell, Montana Budgetary Comparison Schedule For the Fiscal Year Ended June 30, 2011 SID 344 ACTUAL AMOUNTS VARIANCE BUDGETED AMOUNTS (BUDGETARY WITH FINAL ORIGINAL FINAL BASIS) See Note A BUDGET RESOURCES (INFLOWS): Taxes and assessments $ 346393 $ 346,393 $ 364,469 $ 18,076 Licenses and permits - - - _ Intergovernmental - Charges for services Fines and forfeitures - - - - Miseellaneous Investment earnings Amounts available for appropriation $ 346,393 $ 346,393 $ 364,469 $ 18,076 CHARGES TO APPROPRIATIONS (OUTFLOWS): General government Public safety Public works Housing and community development Debt service - principal Debt service - interest Capital outlay Total charges to appropriations OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers out Total other financing sources (uses) Net change in fund balance Fund balance - beginning of the year Fund balance - beginning of the year - restated Fund balance - end of the year 225,000 225,000 225,000 - 169,958 169,958 169,957 1 394,958 $ 394,958 $ 394,957 $ 1 48,565 48,565 48,565 $ 48,565 $ 48,565 $ 48,565 $ $ 18,077 $ 273,236 273,236 $ 291,313 Elm BUDGETARY COMPARISON SCHEDULE - NONMAJOR FUNDS City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 Airport TIF Westside TIF Positive / Positive / (Negative) (Negative) Budget Actual Variance Budget Actual Variance REVENUES Taxes and assessments 314,182 304.209 (9,973) Licenses and permits _ Intergovernmental 5.152 5,153 1 41.368 41.368 - Chargesforservices 58,791 58,791 - 45,000 50,699 5,699 Miscellaneous _ _ Investment earnings _ - _ Total revenues 63,943 63,944 1 400,550 396,276 (4,274) EXPENDITURES Current: General government Public safety Public works _ Culture and recreation - - Housing and community development 70,776 56,232 14,544 45,060 45,292 (232) Debt service - principal - - _ _ Debt service - interest Capital outlay - - 2,216,138 663 2,215,475 Total expenditures 70,776 56,232 14,544 2,261,198 45,955 2,215,243 Excess (deficiency) of revenues over expenditures (6,833) 7,712 14,545 (1,860,648) 350,321 2,210,969 OTHER FINANCING SOURCES (USES) Proceeds of general long term debt - _ _ _ Transfers in 500,000 500,000 Transfers (out) (4,890) (4,890) Total other financing sources and uses 495,110 495,110 - - Net change in fund balance 488.277 502,822 14,545 (1,860,648) 350,321 2,210,969 Fund balances - beginning 870,122 1,905.714 Restatements - _ Fund balances - beginning restated 870,122 1,905,714 Fund balances -ending 1.372,944 2,256,035 See accompanying notes to the financial statements a City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 Parks in Lieu Parks Positive / Positive / (Negative) (Negative) Budget Actual Variance Budget Actual Variance REVENUES Taxes and assessments 884,000 868,409 (15,591) Licenses and permits - Intergovernmental 5,000 5,000 Charges for services 23,950 33,743 9,793 387,134 347,534 (39,600) Miscellaneous - - 3,500 3,665 165 Investment earnings 705 705 2,000 3,959 1,959 Total revenues 23,950 34,448 10,498 1,281,634 1,228,567 (53,067) EXPENDITURES Current: General government Public safety Public works - - - Cultureandrecreation 3,000 (3,000) 1.250,263 1,146,121 104,142 Housing and community development - - - Debt service - principal 7,000 7,000 Debt service - interest - - 2,000 2,000 Capital outlay 26,000 675 25,325 85,309 78,520 6,789 Total expenditures 26,000 3,675 22,325 1,344,572 1,224,641 119,931 Excess (deficiency) of revenues over expenditures (2,050) 30,773 32,823 (62,938) 3,926 66,864 OTHER FINANCING SOURCES (USES) Proceeds of general long term debt - 85,309 78,520 (6,789) Transfers in 63,000 63,000 Transfers (out) (30,000) (151291) 14,709 - Total other financing sources and uses (30,000) (15,291) 14,709 148,309 141,520 (6,789) Net change in fiord balance (32,050) 15,482 47,532 85,371 145,446 60,075 Fund balances - beginning 38,987 70,577 Restatements - - Fund balances - beginning restated 38,987 70,577 Fund balances - ending 54,469 216.023 See accompanying notes to the financial statements 91 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fiord balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 Ambulance Positive / (Negative) Budget Actual Variance Old School TIF's Positive / (Negative) Budget Actual Variance 42,975 61,594 18,619 102,000 85,552 (16,448) 650.000 580,752 (69,248) - - 4.169 4,169 1,633 1,633 500 1,567 1,067 - - 752,500 672,040 (80,460) 42,975 63,227 20,252 727,088 692,515 34,573 12,180 11,230 950 50,000 - 50,000 - - 777,088 692,515 84,573 12,180 11,230 950 (24,588) (20,475) 4,113 30,795 51,997 19,302 (24,588) (53,266) (48.565) 4,701 - (53,266) (48,565) 4,701 (20,475) 4,113 (22,471) 3,432 24,003 111,849 111.849 91,374 8,632 8,632 12,064 City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 Health Levy Building Department Positive / Positive / (Negative) (Negative) Budget Actual Variance Budget Actual Variance REVENUES Taxes and assessments 579,076 580,506 1,430 - Licenses and permits - - 182.200 272,102 89,902 Intergovernmental - - Chargesforservices 88,000 109,356 21,356 Miscellaneous 205 205 Investment earnings - 100 1,283 1,183 Total revenues 579,076 580,506 1,430 270,300 382,946 111646 EXPENDITURES Current: General government - - Public safety 260,542 259.872 670 Public works - - Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay - - Total expenditures - - - 260,542 259,872 670 Excess (deficiency) of revenues over expenditures 579.076 580,506 1,430 9,758 123,074 113,316 OTHER FINANCING SOURCES (USES) Proceeds of general long term debt - - - Transfers in Transfers (out) (577,326) (577,326) Total other financing sources and uses (577,326) (577,326) - - - - Net change in fund balance 1,750 3,180 1,430 9,758 123,074 113,316 Fund balances -beginning 12,054 26,534 Restatements - - Fund balances - beginning restated 12,054 26,534 Fund balances - ending 15,234 149,608 See accompanying notes to the financial statements 93 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 Impact Fees Light Maintenance Positive / Positive / (Negative) (Negative) Budget Actual Variance Budget Actual Variance 100.800 75,814 (24,986) 226,200 232,920 6,720 - - 3,440 3,440 2,500 2,579 79 1,200 1,366 166 103,300 78,393 (24,907) 227,400 237,726 10,326 5,800 5,138 662 - - - - 267,794 226,763 41,031 25,750 25,750 - 9,190 9,307 (117) - 245,000 75.975 169,025 - 285,740 116,170 169,570 267,794 226,763 41,031 (182,440) (37,777) 144,663 (40,394) 10,963 51,357 (182,440) (37,777) 144,663 (40,394) 10,963 51,357 235,071 139,864 235,071 139,864 197,294 150,827 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 Gas Tax Positive / (Negative) Budget Actual Variance Street Maintenance Positive / (Negative) Budget Actual Variance 360,000 366,904 6,904 - - - 1.818,500 1.848,844 30,344 - - 2,649 2,649 5,000 5,150 150 9,500 8,521 (979) 365,000 372,054 7,054 1,828.000 1.860,014 32,014 494.363 271738 220,625 1,938,596 1,687,553 251,043 16,000 - 16,000 - - 1,520 546 974 66,000 63,443 2,557 55,000 56,500 (1,500) 560,363 337,181 223.182 2,011,116 1,744,599 266,517 (195,363) 34,873 230,236 (183,116) 115A15 298,531 (40,000) 40,000 - - (40,000) - 40,000 (195,363) 34,873 230,236 (223,116) 115,415 338,531 310,011 972,935 310,011 972,935 344,884 1,088,350 95 City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 Forestry Urban Forestry Grant Positive / Positive / (Negative) Ne ative Budget Actual Variance Budget Actual Variance REVENUES Taxes and assessments Licenses and permits - _ Intergovernmental 2,000 2,000 - 29.148 29.148 Charges for services 209.500 211,591 2,091 - Miscellaneous 500 868 368 Investment earnings 1,000 1.503 503 - Total revenues 213,000 215.962 2,962 29,148 29,148 EXPENDITURES Current: General government Public safety _ Public works _ Culture and recreation 320,796 207,728 113.068 29,148 29,148 Housing and community development - _ Debt service - principal 2,000 2,000 Debt service - interest 215 215 Capital outlay 21,000 21,000 - - Total expenditures 344,011 228,728 115,283 29,148 29,148 Excess (deficiency) of revenues over expenditures (131,011) (12,766) 118,245 - - OTHER FINANCING SOURCES (USES) Proceeds of general long term debt 21,000 21,000 Transfers in - Transfers (out) - Total other financing sources and uses 21,000 21,000 Net change in fund balance (110,011) 8,234 118,245 Fund balances - beginning 157.835 Restatements - Fund balances- beginning restated 157,835 Fund balances - ending 166,069 See accompanying notes to the financial statements M REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 Courtyard Community Dev. Operations Positive / Positive / Ne ative Ne ative Budget Actual Variance Budget Actual Variance - 22,000 �9,820 2,000 (20,000) 85,260 60,768 (24A92) 29,412 19,592 - - 570 570 50 50 5,000 4.769 (231) 85,260 60,818 (24,442) 36,820 36,751 (69) 62,859 85,891 (23,032) 152,373 102,496 49,877 8,660 8,332 328 - - 16,000 15.620 380 (22,324) 87,519 109,843 152,373 102,496 49,877 (2,259) (49,025) (46,766) (115,553) (65,745) 49,808 (2,259) (49.025) (46.766) (115,553) 2,260 2,260 (46,765) (65,745) 49.808 423,428 423,428 357,683 97 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fiord balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 Rural Dev. Loan Revolving Rural Development Loan Revolving 02 Positive / Positive / (Negative) (Negative) Budget Actual Variance Budget Actual Variance 28,048 26.166 (1,882) 36,636 35,636 (1,000) 1,000 2,043 1,043 500 869 369 29.048 28,209 (839) 37,136 36,505 (631) 247,753 32,586 215,167 55,772 - 55,772 17,213 17,213 - 29,228 29,228 - 4,861 4,861 10.930 2,610 8,320 269,827 54,660 215,167 95,930 31,838 64.092 (240,779) (26,451) 214,328 (58,794) 4,667 63.461 (240,779) (26,451) 214,328 (58,794) 4,667 63,461 274,712 112,916 274,712 111916 248,261 117,583 • SI REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 Stonegarden Grant Drug Enforcement Grant Positive / Positive ! Ne ative (Negative) Bud2et Actual Variance Budget Actual Variance 26,998 19,255 (7,743) 43,100 43,140 40 (7,743) 26,998 19,255 43,100 43,140 40 26,998 19,255 7,743 91,855 87,623 4,232 26,998 19,255 7,743 91,855 87,623 4,232 - - - (48,755) (44,483) 4,272 48,500 48,500 48,500 48,500 - (255) 4,017 4,272 4,311 8,328 •• City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 CHRP Grant Law Enforcement Grants Positive / Positive / (Negative) (Negative) Budget Actual Variance Budget Actual Variance REVENUES Taxes and assessments Licenses and permits - _ Intergovernmental 70,370 70,334 (36) 114,234 86.894 (27,340) Charges for services - 20,000 9,422 (10,578) Miscellaneous 5,000 1.557 (3,443) Investment earnings - - Total revenues 70,370 70.334 (36) 139,234 97,873 (41,361) EXPENDITURES Current: General government - - _ _ Public safety 70,370 70 334 36 135.939 94,706 41,233 Public works - - _ Culture and recreation Housing and community development Debt service - principal Debt service -interest _ Capital outlay - - 7,295 7,295 - Total expenditures 70,370 70,334 36 143,234 102,001 41,233 Excess (deficiency) of revenues over expenditures - - - (4,000) (4,128) (128) OTHER FINANCING SOURCES (USES) Proceeds of general long term debt - _ Transfers in 20,000 20,000 5,000 5,000 Transfers (out) - _ Total other financing sources and uses 20,000 20,000 5,000 5,000 - Net change in fiord balance 20.000 20,000 1,000 872 (128) Fund balances- beginning 5,000 156 Restatements - - Fund balances - beginning restated 5,000 156 Fund balances - ending 25,000 1,028 See accompanying notes to the financial statements REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 BOJ-IT UPGRADE GRANT Court Grant Positive / Positive / (Negative) (Negative) Budget Actual Variance Budget Actual Variance 250,000 33,743 (216,257) 326,262 60,275 (265,987) 326,262 60,275 (265,987) 250,000 33,743 (216,257) - 326,262 60,269 265,993 250,000 33,743 216,257 - - 250,000 33,743 216,257 326.262 60,269 265,993 6 6 6 6 6 101 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 Cultural Arts Grants Preserve America Grant Positive / Positive / Ne ative (Negative) Budget Actual Variance Budget Actual Variance 8,950 2,232 (6,718) 75,000 5,677 (69323) 8,950 2,232 (6,718) 75,000 5,677 (69,323) 8,950 2,232 6,718 75,000 5,677 69,323 8,950 2,232 6,718 75,000 5,677 69,323 102 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Find balances - beginning restated Fund balances - ending See accompanying notes to the financial statements City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 CDBG - ED FVCC DUI Court Grant Positive / Positive / (Negative) (Negative) Budget Actual Variance Budget Actual Variance 81,518 44,030 (37,488) 122,711 76,632 (46,079) 81,518 44,030 (37,488) 122,711 76,632 (46,079) - 123.267 76,632 46,635 81,518 44,030 37,488 342,000 - 342,000 - - 423,518 44,030 379,488 123,267 76,632 46,635 (342,000) - 342,000 (556) - 556 (342,000) 342,000 (556) 556 103 City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 EPA Brownfields Grant EPA Brownfields AWP Grant Positive / Positive / (Negative) (Negative) Budget Actual Variance Budget Actual Variance REVENUES Taxes and assessments Licenses and permits _ _ Intergovernmental 395,832 127,774 (268,058) 175.000 26,128 (148,872) Charges for services _ _ Miscellaneous _ Investment earnings _ Total revenues 395.832 127,774 (268,058) 175,000 26,128 (148,872) EXPENDITURES Current: General government Public safety Public works Culture and recreation _ _ _ _ Housing and community development 396,152 128.094 268,058 175,000 26,128 148,872 Debt service - principal _ _ _ _ Debt service - interest Capital outlay _ _ _ _ Total expenditures 396,152 128,094 268,058 175.000 26,128 148,872 Excess (deficiency) of revenues over expenditures (320) (320) - - - - OTHER FINANCING SOURCES (USES) Proceeds of general long term debt - Transfers in Transfers (out) Total other financing sources and uses - - Net change in fund balance (320) (320) Fund balances - beginning 320 Restatements - Fund balances - beginning restated 320 Fund balances -ending See accompanying notes to the financial statements 104 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 Fire Grants / Donations CTEP Positive / Positive / (Negative) (Negative) Budget Actual Variance Budget Actual Variance 238,591 172,633 (65,958) 220,779 94,498 (126,281) 6,000 1,856 (4,144) 244,591 174.489 (7Q102) 220,779 94,498 (126,281) 278,160 161,306 116,854 - - 265,000 124,110 140,890 278,160 161,306 116.854 265,000 124,110 140,890 (33,569) 13,183 46,752 (44,221) (29,612) 14.609 (33,569) 30,000 15,291 (14,709) - - 30,000 15,291 (14,709) 13,183 46,752 (14,221) (14,321) (100) 34,111 34,111 47,294 14,741 420 105 City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 ARRA Street Stimulus Grant NSP Grant Positive / Positive / (Negative) Ne ative Budget Actual Variance Budget Actual Variance REVENUES Taxes and assessments Licenses and permits _ _ _ Intergovernmental 33,954 33,955 1 2,832.976 1.496,950 (1336,026) Charges for services - _ _ Miscellaneous _ _ Investment earnings 890 137 (753) - Total revenues 34,844 34,092 (752) 2,832,976 1,496,950 (1,336,026) EXPENDITURES Current: General government _ _ _ Public safety _ Public works 298,804 (298,804) Culture and recreation _ _ _ Housing and community development 2,832,976 1,496,950 1,336,026 Debt service - principal _ _ Debt service - interest Capital outlay 343,549 43,992 299,557 - Total expenditures 343,549 342,796 753 2,832,976 1A96,950 1,336,026 Excess (deficiency) of revenues over expenditures (308,705) (308,704) 1 - - OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses - Net change in fund balance (308,705) (308,704) 1 Fund balances - beginning 308,704 Restatements - Fund balances -beginning restated 308,704 Fund balances - ending - See accompanying notes to the financial statements W. City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 Energy Grants Safer Grant Positive / Positive / (Negative) Ne ative Budget Actual Variance Budget Actual Variance REVENUES Taxes and assessments Licenses and permits - _ Intergovernmental 191,700 35,021 (156,679) 45T887 147,840 (310,047) Charges for services - _ Miscellaneous Investment earnings - _ Total revenues 191,700 35,021 (156,679) 457,887 147,840 (310,047) EXPENDITURES Current: General government - _ _ Public safety 187.000 147,840 39,160 Public works _ _ Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay 191,700 35,021 156,679 - - Total expenditures 191,700 35,021 156,679 187,000 147,840 39,160 Excess (deficiency) of revenues over expenditures - - - 270,887 - (270,887) OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses - Net change in fund balance 270,887 (270,887) Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements 107 City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service -principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements Total Special Revenue Funds Positive / (Negative) Budget Actual Variance 1.820,233 1,814,718 (5,515) 182,200 272,102 89,902 6,232,530 3,114,136 (3,118,394) 3,787,639 3,711,448 (76,191) 15,000 20,612 5,612 29,190 34,501 5,311 12,066,792 8,967,517 (3,099,275) 458,479 139.133 319.346 1,783,752 1,538,589 245.163 2,700,753 2,486,858 213,895 1,600,207 1,385,997 214,210 4,207.419 2,034,606 2,172,813 105,851 80,523 25,328 44,716 32,944 11,772 4,163,991 540.937 3,623,054 15,065,168 8,239,587 6,825.581 (2,998,376) 727,930 3,726,306 106,309 99,520 (6,789) 666,500 651,791 (14,709) (705,482) (646,072) 59,410 67,327 105,239 37,912 (2,931,049) 833,169 3,764,218 6,040.844 6,040,844 6,874,013 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances- beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 2002 G.O. Bond 2004 G.O. Bond Positive / Positive / (Negative) (Negative) Budget Actual Variance Budget Actual Variance 296,360 296,458 98 265.502 266,348 846 400 714 314 1,200 959 (241) 296,760 297,172 412 266,702 267,307 605 170,000 170,000 - 185,000 185,000 121,888 121.887 1 82,358 82,357 I 291,888 291,887 1 267,358 267,357 1 4,872 5,285 413 (656) (50) 606 4,872 5,285 413 (656) (50) 606 12,073 31,693 12,073 31,693 17.358 31,643 M REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 City Hall Debt Service Airport TIF Debt Service Positive / Positive / (Negative) (Negative) Budget Actual Variance Budget Actual Variance 662,500 694.555 32,055 253,937 156,753 (97,184) 253,937 156,753 (97,184) 662,500 694,555 32.055 100,632 100,632 - 120,000 120,000 56,125 56.121 4 60,435 60,435 156,757 156,753 4 180.435 180.435 - 97,180 - (97,180) 482.065 514,120 32,055 97,180 (500,000) (500,000) (500,000) (500,000) - (97,180) (17,935) 14,120 32,055 317 211,385 317 211,385 317 225,505 110 City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 SID Revolving S & C's Positive / Positive / (Negative) (Negative) Budget Actual Variance Budget Actual Variance REVENUES Taxes and assessments 17,673 17,631 (42) Licenses and permits _ _ Intergovernmental Charges for services Miscellaneous - _ Investment earnings 4,000 3,065 (935) - - Total revenues 4,000 3,065 (935) 17,673 17,631 (42) EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development _ _ Debt service - principal 14,214 14,211 3 Debt service - interest 2,959 2,951 8 Capital outlay - _ Total expenditures - - - 17,173 17,162 11 Excess (deficiency) of revenues over expenditures 4.000 3,065 (935) 500 469 (31) OTHER FINANCING SOURCES (USES) Proceeds of general long term debt - - Transfers in - 7,168 7,168 442 442 Transfers (out) (12,000) (2,563) 9,437 (500) (99) 401 Total other financing sources and uses (12,000) 4,605 16,605 (500) 343 843 Net change in fund balance (8,000) 7,670 15,670 - 812 812 Fund balances - beginning 250,036 (469) Restatements - _ Fund balances - beginning restated 250,036 (469) Fund balances - ending 257,706 343 See accompanying notes to the financial statements 111 City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 SID 341 SID 342 Positive / Positive / (Negative) (Negative) Budget Actual Variance Budget Actual Variance REVENUES Taxes and assessments 10,500 4,687 (5,813) 5.215 2,713 (2,502) Licenses and permits - _ Intergovernmental Charges for services Miscellaneous _ Investment earnings - Total revenues 10,500 4,687 (5,813) 5,215 2.713 (2,502) EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development - _ Debt service - principal 5,000 5,000 10,000 10,000 Debt service -interest 310 310 925 925 Capital outlay _ _ Total expenditures 5,310 5,310 10,925 10,925 Excess (deficiency) of revenues over expenditures 5,190 (623) (5,813) (5,710) (8,212) (2,502) OTHER FINANCING SOURCES (USES) Proceeds of general long term debt - _ Transfers in 1.121 2,121 Transfers (out) (6,918) (7,069) (151) - Total other financing sources and uses (6,918) (7,069) (151) 2,121 2,121 Net change in fund balance (1,728) (7,692) (5,964) (5,710) (6,091) (381) Fund balances -beginning 7,692 6,091 Restatements _ _ Find balances - beginning restated 7,692 6.091 Fund balances - ending - _ See accompanying notes to the financial statements 112 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 SID 343 Total Debt Service Funds Positive / Positive / (Negative) (Negative) Budget Actual Variance Budget Actual Variance 113.800 116,277 2,477 1,371,550 1,398,669 27,119 253,937 156,753 (97,184) 5,600 4,738 (862) 113,800 116,277 2,477 1,631,087 1,560,160 (70,927) 80,000 80,000 684,846 684,843 3 38,700 38,700 363,700 363,686 14 118.700 118,700 1,048,546 1,048,529 17 (4,900) (2,423) 2,477 582,541 511,631 (70,910) 9,731 9,731 (519,418) (509,731) 9,687 - (519,418) (500,000) 19,418 (4,900) (2,423) 2,477 63,123 11,631 (51,492) 83,173 601,991 83,173 601,991 80.750 613,622 113 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous htvestment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances - beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 ARRA-Fire Station Construction Grant S & C Construction Positive / Positive / (Negative) (Negative) Budget Actual Variance Budget Actual Variance 1,258,398 1,247,790 (10,608) 1,258,398 1,247,790 (10.608) 1,258,398 1,247,790 10,608 25,000 942 24,058 1,258,398 1,247,790 10,608 25,000 942 24,058 - - - (25,000) (942) 24,058 25,000 942 (24,058) 25,000 942 (24,058) 114 REVENUES Taxes and assessments Licenses and permits Intergovernmental Charges for services Miscellaneous Investment earnings Total revenues EXPENDITURES Current: General government Public safety Public works Culture and recreation Housing and community development Debt service - principal Debt service - interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds of general long term debt Transfers in Transfers (out) Total other financing sources and uses Net change in fund balance Fund balances -beginning Restatements Fund balances - beginning restated Fund balances - ending See accompanying notes to the financial statements City of Kalispell, Montana Budgetary Comparison Schedule Nonmajor Governmental Funds For the Year Ended June 30, 2011 FAA - Planning Grant Total Capital Project Funds Positive / Positive / (Negative) Ne ative Budget Actual Variance Budget Actual Variance 92,910 45,433 (47,477) 1,351,308 1,293,223 (4T477) 92,910 45,433 (47,477) 1,351,308 1,293,223 (47,477) 25,000 47,825 (22,825) 1,308.398 1,296.557 1,233 25,000 47,825 (22,825) 1,308,398 1,296,557 1,233 67,910 (2,392) (70,302) 42,910 (3,334) (46,244) - - 25,000 942 (24,058) 4,890 4,890 4,890 4,890 4,890 4.890 29,890 5,832 (24,058) 72,800 2,498 (70,302) 72,800 2,498 (7M302) 2,498 2,498 115 211,01 KIN, AIRPORT ENTERPRISE — Accounts for all monies received and expensed in the operation of the City airport. SOLID WASTE — Accounts for assessments received and expenses incurred in the operation of the City solid waste department. ASSETS Current assets: Cash and investments Taxes and assessments receivable, net Accounts receivable - net Due from other governments Total current assets Noncurrent assets: Capital assets - land Capital assets - construction in progress Capital assets - depreciable, net Total noncurrent assets Total assets LIABILITIES Current liabilities: Accounts payable Accrued payroll Current portion of compensated absences payable Total current liabilities Noncurrent liabilities: Noncurrent portion of compensated absences Total noncurrent liabilities Total liabilities NET ASSETS Invested in capital assets, net of related debt Unrestricted Total net assets Total liabilities and net assets See accompanying notes to the financial statements City of Kalispell, Montana Combining Balance Sheet Nonmajor Proprietary Funds June30,2011 Airport Enterprise Solid Waste Totals $ 191,302 $ 567,534 $ 758,836 - 64,365 64,365 490 - 490 - 85,702 85,702 $ 191,792 $ 717,601 $ 909,393 1,347,868 1,347,868 91,808 - 91,808 1,406,948 336,908 1,743,856 $ 2,846,624 $ 336,908 $ 3,183,532 $ 3,038,416 $ 1,054,509 $ 4,092,925 $ 823 $ 6,315 $ 7,138 1,702 10,668 12,370 - 5,216 5,216 $ 2,525 $ 22,199 $ 24,724 6,501 51,634 58,135 $ 6,501 $ 51,634 $ 58,135 $ 9,026 $ 73,833 $ 82,859 $ 2,846,624 $ 336,908 $ 3,183,532 182,766 643,768 826,534 $ 3,029,390 $ 980,676 $ 4,010,066 $ 3,038,416 $ 1,054,509 $ 4,092,925 WR City of Kalispell, Montana Combining Statement of Revenues, Expenses, and Changes in Net Assets Nonmajor Proprietary Funds For the Fiscal Year Ended June 30, 2011 OPERATING REVENUES Charges for services Special assessments Total operating revenues OPERATING EXPENSES Personal services Supplies Purchased services Fixed charges Depreciation Total operating expenses Operating income (loss) Airport Enterprise Solid Waste Totals $ 70,900 $ - $ 70,900 - 805,613 805,613 $ 70,900 $ 805,613 $ 876,513 $ 43,219 $ 395,653 $ 438,872 824 60,367 61,191 58,787 29,915 88,702 10,975 83,194 94,169 100,831 149,010 249,841 $ 214,636 $ 718,139 $ 932,775 $ (143,736) $ 87,474 $ (56,262) NONOPERATING REVENUES (EXPENSES) Interest revenue 19,666 4,413 24,079 Total non -operating revenues (expenses) $ 19,666 $ 4,413 $ 24,079 Change in net assets $ (124,070) $ 91,887 $ (32,183) Net assets - beginning Restatements Net assets - beginning restated Net assets - ending See accompanying notes to the financial statements $ 3,163,110 $ 888,789 $ 4,051,899 (9,650) - (9,650) $ 3,153,460 $ 888,789 $ 4,042,249 $ 3,029,390 $ 980,676 $ 4,010,066 117 City of Kalispell, Montana Combining Statement of Cash Flows Nonmajor Proprietary Funds Year Ended June 30, 2011 Cash flows from operating activities: Cash received from customers Cash received from assessments Cash payments for claims Cash payments to employees Net cash provided (used) by operating activities Cash flows from capital and related financing activities: Net cash provided (used) by capital and related financing activities Cash flows from non -capital financing activities: Net cash provided (used) from non -capital financing activities Cash flows from investing activities: Interest on investments Net cash provided (used) by investing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning Restatement Cash and cash equivalents at end Reconciliation of operating income (loss) to net cash provided (used) by operating activities: Operating income (loss) Adjustments to reconcile operating income to net cash provided (used) by operating activities: Depreciation Changes in assets and liabilities: Accounts receivable - net Taxes and assessments receivable, net due from county comp abs Accounts payable Accrued payroll Net cash provided (used) by operating activities See accompanying notes to the financial statements Airport Solid Waste Enterprise Totals $ $70,831 - $ $70,831 - $833,407 $833,407 ($70,138) ($173,700) ($243,838) ($40,375) ($403,377) ($443,752) $ (39,682) - 256,330 $ 216,648 $19,666 $4,413 $24,079 $ 19,666 - 4,413 $ 24,079 $ (20,016) 260,743 $ 240,727 $220,968 $306,791 $527,759 ($9,650) (9,650) $ 191,302 - 567,534 $ 758,836 $ ($143,736) $87,474 $ ($56,262) 100,832 149,010 249,842 ($70) ($70) ($9,633) ($9,633) - $37,427 $37,427 $2,488 ($6,498) ($4,010) $448 ($224) $224 $356 ($1,226) ($870) $ (39,682) - 256,330 $ 216,648 118 PAYROLL CLEARING — Accounts for payroll deductions and expenses payable to other agencies and vendors. PERFORMANCE BONDS — Accounts for monies held by the City as a guarantee of performance by developers or vendors. ASSETS Current assets: Cash and investments Total assets LIABILITIES Current liabilities: Due to others Total liabilities City of Kalispell, Montana Combining Statement of Fiduciary Net Assets Agency Funds June 30, 2011 Performance Payroll Clearing Bonds Totals $ 123,901 $ 19,125 $ 143,026 $ 123,901 $ 19,125 $ 143,026 $ 123,901 $ 19,125 $ 143,026 $ 123,901 $ 19,125 $ 143,026 119 City of Kalispell, Montana Combining Statement of Changes in Assets and Liabilities Agency Funds For the Fiscal Year Ended June 30, 2011 Payroll Clearing Balance Balance June 30, 2010 Additions Deletions June 30, 2011 ASSETS Current assets: Cash and investments $ 123,444 5,091,829 (5,091,372) $ 123,901 Total assets 123,444 5,091,829 (5,091,372) 123,901 LIABILITIES Current liabilities: Due to others $ 123,444 5,581,599 (5,582,056) $ 123,901 Total liabilities $ 123,444 5,581,599 (5,582,056) $ 123,901 Performance Bonds Balance Balance June 30, 2010 Additions Deletions June 30, 2011 Restricted assets Current assets: Cash and investments $ 50,764 23,814 (55,453) $ 19,125 Total assets $ 50,764 23,814 (55,453) $ 19,125 Deferred revenue -loans receivable Current liabilities: Due to others $ 50,764 100,433 (68,794) $ 19,125 Total liabilities $ 50,764 100,433 (68,794) $ 19,125 120 KALISPELL PARKING COMMISSION - The Kalispell Parking Commission (KPC) is a component unit of the City. The KPC does not issue a separate financial report. Accounting principles generally accepted in the United States of America (US GAAP) require the City show a statement of cash flow and combining fund statements if the component unit uses fund accounting. The KPC is made up of one business -type fund and combining statements are therefore not necessary. The KPC financial statements can be found in the City's Statement of Net Assets and Statement of Activities beginning on page 27 of this report. A Statement of Cash Flows is reported here as required by US GAAP. City of Kalispell, Montana Statement of Cash Flows Kalispell Parking Commission Year Ended June 30, 2011 Cash flows from operating activities: Cash received from fines & permits Cash received from miscellaneous sources Cash payments for claims Cash payments to employees Net cash provided (used) by operating activities Cash flows from capital and related financing activities: Principal paid on bonds, loans and advances Interest paid on bonds, loans and advances Acquisition and construction of capital assets Proceeds from bonds, loans and advances Net cash provided (used) by capital and related financing activities Cash flows from non -capital financing activities: Net cash provided (used) from non -capital financing activities Cash flows from investing activities: Interest on investments Net cash provided (used) by investing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning Restatement Cash and cash equivalents at end Reconciliation of operating income (loss) to net cash provided (used) by operating activities: Operating income (loss) Adjustments to reconcile operating income to net cash provided (used) by operating activities: Depreciation and other non -cash expense Changes in assets and liabilities: Accounts receivable - net Compensated absences Unearned revenue Accounts payable Accrued payroll Net cash provided (used) by operating activities See accompanying notes to the financial statements $ 117,787 2,952 (68,334) (81,021) $ (28,616) $ (1,406) (144) (14,696) 14,696 $ (1,550) 533 $ 533 $ (29,633) 53,744 $ 24,111 $ (29,276) 6,317 1,338 870 (8,010) (14) 159 $ (28,616) 121