4. Government-Wide Financial StatementsGOVERNMENT - WIDE FINANCIAL
STATEMENTS
ASSETS
Current assets:
Cash and investments
Taxes and assessments receivable, net
Internal balances
Accounts receivable - net
Notes and loans receivable
Contracts receivable
Due from other governments
Prepaids
Inventories
Other debits
Total current assets
Noncurrent assets
Restricted cash and investments
Deferred assessments recievable
Long term portion of loans receivable
Capital assets - land
Capital assets - construction in progress
Capital assets - depreciable, net
Other debits
Total noncurrent assets
Total assets
LIABILITIES
Current liabilities
Accounts payable
Retainage
Accrued payroll
Current portion of long-term liabilities
Current portion of long-term capital liabilities
Current portion of compensated absences payable
Other credits
Total current liabilities
Noncurrent liabilities
Noncurrent portion of long-term liabilities
Noncurrent portion of long-term capital liabilities
Noncurrent portion of compensated absences
Other credits
Other post employment benefits
Total noncurrent liabilities
Total liabilities
NET POSITION
Net investment in capital assets
Restricted for capital projects
Restricted for debt service
Restricted for special projects
Unrestricted
Total net position
Total liabilities and net position
See accompanying Notes to the Financial Statements
City of Kalispell, Montana
Statement of Net Position
June 30, 2013
Component
Component
Units
Units
Governmental
Business -type
Downtown
Tourism
Activities
Activities
Total
BID
BID
$ 7,119,148 $
7,262,234
$ 14,381,382
$ 110,436
$ 171,812
1,780,476
60,172
1,840,648
3,465
(33,009)
33,009
-
197,362
437,332
634,694
134,200
-
134,200
102,187
65,338
167,525
2,085,193
157,694
2,242,887
13,725
194,754
36,846
231,600
-
119,770
119,770
5,262
-
5,262
$ 11,585,573 $
8,172,395
$ 19,757,968
$ 127,626
$ 171,812
$ 1,146,455 $
6,735,034
$ 7,881,489
$
$
3,314,571
-
3,314,571
2,160,418
-
2,160,418
2,395,299
1,701,888
4,097,187
38,331
772,554
810,885
80,889,040
70,962,915
151,851,955
18259
20,453
-
20,453
$ 89,964,567 $
80,172,391
$ 170,136,958
$ -
$ 18,259
$ 101,550,140 $
88,344,786
$ 189,894,926
$ 127,626
$ 190,071
345,784
344,880
690,664
7,450
25275
9,665
17,815
27,480
269,042
49221
318,263
25,621
-
25,621
1,240,843
1,226,000
2,466,843
971,988
155,890
1,127,878
-
3,974
3,974
$ 2,862,943 $
1,797,780
$ 4,660,723
$ 7,450
$ 25275
620,979
-
620,979
9,209,039
14,712,483
23,921,522
323,161
107,342
430,503
655
-
655
1,062,876
202,453
1,265,329
$ 11216,710 $
15,022278
$ 26238,988
$ -
$ -
$ 14,079,653 $
16,820,058
$ 30,899,711
$ 7,450
$ 25275
$ 72,872,788 $
56,139,329
$ 129,012,117
$
$
-
5,014,714
5,014,714
618,682
1,720,320
2,339,002
7,127,312
-
7,127,312
6,851,705
8,650,365
15,502,070
120,176
164,796
$ 87,470,487 $
71,524,728
$ 158,995,215
$ 120,176
$ 164,796
$ 101,550,140 $
88,344,786
$ 189,894,926
$ 127,626
$ 190,071
FT;
Funclions/ProLrams
Primary government:
Governmental activities:
General government
Public safety
Public works
Parks and recreation
Community development
Debt service - interest
Total governmental activities
Business -type activities:
Airport
Water
Sewer
Solid Waste
Total business -type activities
City of Kalispell, Montana
Statement of Activities
For the Fiscal Year Ended June 30, 2013
Net (Expenses) Revenues and
Changes in Net Assets
Program Revenues
Primary Government
Indirect
Operating
Capital
Business -
Expense
Charges for
Grants and
Grants and
Governmental type
Expenses
Allocation
Services
Contributions
Contributions
Activities Activities
Total
$ 6,709,523 $
$
669,964
$ 123,589 $
- $
(5,915,970) $ $
(5,915,970) $
9,228,053
65,085
1,928,011
1,513,070
773,068
(5,078,989)
(5,078,989)
2,916,265
158,365
2,201,616
-
578,447
(294,567)
(294,567)
1.978,396
13,189
711,969
5,750
27,134
(1,246.732)
(1,246,732)
3.598,219
18,118
170,429
1,046,337
-
(2,399,571)
(2,399,571)
390,770
-
-
(390,770)
(390,770)
$ 24,821,227 $
254,757 $
5,681,989
$ 2,689,746 $
1,378,649 $
(15,326,600) $ $
(15,326,600) $
$ 218,591 $
2.500,219
4,949,326
720,100
$ 8,388,236
Total primary government $ 33,209,463
((Npp
component units:
Downtown BID
Tourism BID
Total component units
7,383 $
75,813 $
$ - $
(150,161)
(150,161)
160,658
1740,512
329,515
409,150
409,150
306,328
4.977,296
8,354 682,512
412,498
412,498
63,867
900,643
-
116,676
116,676
538,236 $
9,694,254 $
8,354 $ 1,012,027 $ $
788,163 $
788,163 $
792,993 $
14,376,243 $
2,697,100 $ 2,390,676 $ (15,326,600) $
788,163 $
(14,538,437) $
$ 109,663 2,645 $ 88,004 $ $
358,238 5,000 440,294
$ 467,901 $ 7,645 $ 528,298 $ - $
General Revenues:
Property taxes for general purposes
Video poker apportionment
Miscellaneous
Interest/investment earnings
State entitlement
Gas Tax
Transfers - net
Total general revenues, special items and transfers
Change in net position
Net position - beginning
Restatements
Net position - beginning - restated
See accompanying Notes to the Financial Statements Net position - end
Downtown Tourism
BID BID
$ (24,304) $
77,056
$ (24,304) $ 77,056
$ 8,092,684 $
$ 8,092,684
59,801
59,801
91,261
91,261
10,118
71,573
102,311
173,884
926
134
2,657,356
-
2,657,356
360,650
-
360,650
(358,169)
358,169
-
$ 10,975,156 $
460,480
$ 11,435,636 $
11,044 $
134
$ (4,351,444) $
1,248,643
$ (3,102,801)
(13,260)
77,190
$ 90,767,004 $
70,420,592
$ 161,187,596 $
133,436 $
87,606
1,054,927
(144,507)
910,420
$ 91,821,931 $
70,276,085
$ 162,098,016 $
133,436 $
87,606
$ 87,470,487 $
71,524,728
$ 158,995,215 $
120,176 $
164,796
GOVERNMENTAL FUND
FINANCIAL STATEMENTS
MAJOR GOVERNMENTAL FUNDS
General Fund — this is the City's primary operating fund and accounts for the financial
operations of the City not accounted for in any other fund. Principal sources of revenue
are property taxes, state and local shared revenue, charges for services, and fines and
forfeitures. Principal expenditures are for public safety.
Airport TIF — this special revenue fund accounts for the construction and other costs
incurred in the construction of projects deemed beneficial to the City's Airport Tax
Increment Financing district. A transfer from the Airport TIF debt service fund is the
main source of revenue for this fund. The main revenue source for the related debt
service fund is tax increment (increased taxable value of the TIF district since base
year).
Community Development Loan Revolving Fund — this fund accounts for the lending and
repayment of monies loaned to businesses and individuals for approved community
development projects.
SID 344 Debt Service Fund — this fund accounts for the resources accumulated and
payments made for principal and interest on the bonds sold to finance the development of
the Old School Station Industrial and Technology Park.
City of Kalispell, Montana
Balance Sheet
Governmental Funds
June 30, 2013
CD Other Total
REVOLVING Governmental Governmental
General Fund AIRPORT TIF LOAN SID 344 Funds Funds
ASSETS
Current assets
Cash and investments
$
636,285
$ 134,329
$ 375,084
$ -
$ 5,918,092
$ 7,063,790
Taxes and assessments receivable, net
575,727
-
-
3,482,170
1,037,150
5,095,047
Accounts receivable - net
-
-
-
-
197,362
197,362
Notes and loans receivable
-
-
1,720,493
-
574,125
2,294,618
Contracts receivable
58,207
-
-
-
-
58,207
Due from other funds
1,043,561
-
-
-
-
1,043,561
Due from other governments
465,907
7,415
-
63,501
1,548,370
2,085,193
Prepaids
159,585
-
-
-
32,925
192,510
Other debits
24,598
-
-
-
1,117
25,715
Total current assets
$
2,963,870
$ 141,744
$ 2,095,577
$ 3,545,671
$ 9,309,141
$ 18,056,003
Restricted assets:
Restricted cash and investments
$
-
$ -
$ -
$ 226,000
$ 920,455
$ 1,146,455
Total noncurrent assets
$
-
$ -
$ -
$ 226,000
$ 920,455
$ 1,146,455
Total assets
$
2,963,870
$ 141,744
$ 2,095,577
$ 3,771,671
$ 10,229,596
$ 19,202,458
LIABILITIES
Current liabilities:
Accounts payable
68,629
-
-
-
271,757
340,386
Retainage
-
-
-
-
9,665
9,665
Accrued payroll
169,231
408
-
-
97,328
266,967
Due to other funds
-
-
-
244,882
831,688
1,076,570
Deferred revenue - accounts receivable
-
-
-
-
189,349
189,349
Deferred revenue - loans recievable
-
-
1,720,493
-
574,125
2,294,618
Deferred revenue
575,727
-
-
3,482,170
1,037,149
5,095,046
Total current liabilities
$
813,587
$ 408
$ 1,720,493
$ 3,727,052
$ 3,011,061
$ 9,272,601
Noncurrent liabilities:
Other credits
-
-
-
-
655
655
Total noncurrent liabilities
$
-
$ -
$ -
$ -
$ 655
$ 655
Total liabilities
$
813,587
$ 408
$ 1,720,493
$ 3,727,052
$ 3,011,716
$ 9,273,256
FUND BALANCES
Long-term recievables
$
19,798 $
-
$ -
$ -
$
$ 19,798
Prepaids
159,585
-
-
-
32,925
192,510
Restricted:
General Government
-
-
-
-
31,911
31,911
Public Safety
-
-
-
-
808,283
808,283
Public Works
-
-
-
-
1,887,138
1,887,138
Culture and Recreation
-
-
-
-
662,471
662,471
Community Development
-
141,336
375,084
-
3,221,089
3,737,509
Debt Service
-
-
-
44,619
574,063
618,682
Committed:
-
-
-
-
Unrestricted Fund Balances:
Assigned:
Capital Equipment
101,906
-
-
-
-
101,906
Parking
23,542
-
-
-
-
23,542
Band Shell
13,392
-
-
-
-
13,392
Unassigned fund balance
1,832,060
-
-
-
-
1,832,060
Total fund balance
$
2,150,283
$ 141,336
$ 375,084
$ 44,619
$ 7,217,880
$ 9,929,202
Total liabilities and fund balance
$
2,963,870
$ 141,744
$ 2,095,577
$ 3,771,671
$ 10,229,596
$ 19,202,458
See accompanying Notes to the Financial Statements
y
City of Kalispell, Montana
Reconciliation of the Governmental Funds Balance Sheet to the
Statement of Net Positon
June 30, 2013
Total fund balances - governmental funds $ 9,929,202
Capital assets used in governmental activities are not financial resources and, therefore, are not reported in
the funds. 83,282,791
An internal service fund is used by management to charge the costs of providing services within the
government. The assets and liabilities of the internal service funds are included in governmental activities
in the government -wide statement of net assets 121,598
Long-term liabilities are not due and payable in the current period and therefore are not reported as
liabilities in the funds. (12,379,241)
- Other post employment benefits (1,062,876)
Taxes, assessments and accounts receivable will be collected this year, but are not available soon enough to
pay for the current periods expenditures, and therefore are deferred in the funds.
- current portion 1,780,475
- noncurrent portion 3,314,571
- ambulance 189,349
Loans recievable that will be collected at some future date that are recognized as revenues on the statement
of activities.
- current portion 134,200
- noncurrent portion 2,160,418
Total net position - governmental activities
See accompanying Notes to the Financial Statements
87,470,487
31
City of Kalispell, Montana
Statement of Revenues, Expenditures, and Changes in Fund Balances
Governmental Funds
For the Fiscal Year Ended June 30, 2013
CD
Other
Total
REVOLVING
Governmental
Governmental
General Fund
AIRPORT TIF
LOAN
SID 344
Funds
Funds
REVENUES
Taxes and assessments
$
5,119,258 $
- $
- $
274,474 $
3,522,017 $
8,915,749
Licenses and permits
63,474
-
-
-
267,333
330,807
Intergovernmental
3,695,019
14,831
-
-
3,172,494
6,882,344
Charges for services
877,076
-
70210
-
3,391,974
4,339,260
Fines and forfeitures
575,681
-
-
-
10225
585,906
Miscellaneous
35284
-
-
-
94,067
129,351
Investment earnings
10,185
9,955
4,753
-
46,679
71,572
Total revenues
$
10,375,977 $
24,786 $
74,963 $
274,474 $
10,504,789 $
21254,989
EXPENDITURES
General government
$
2,387,239 $
- $
- $
- $
125,475 $
2,512,714
Public safety
7,439,720
-
-
-
1,381,006
8,820,726
Public works
543,531
-
-
-
2,361,031
2,904,562
Parks and recreation
-
-
-
-
1,519,173
1,519,173
Community development
-
2,287,777
107,359
-
1,221,201
3,616,337
Debt service -principal
74,672
-
-
225,000
960,044
1,259,716
Debt service -interest
8,912
-
-
151,733
230,125
390,770
Capital outlay
87,000
-
-
-
1,614,728
1,701,728
Total expenditures
$
10,541,074 $
2,287,777 $
107,359 $
376,733 $
9,412,783 $
22,725,726
Excess (deficiency) ofrevenues over expendih $
(165,097) $
(2,262,991) $
(32,396) $
(102,259) $
1,092,006 $
(1,470,737)
OTHER FINANCING SOURCES (USES)
Issuance of debt
$
- $
- $
- $
- $
243,680 $
243,680
Transfers in
660,239
540,000
-
37,661
274,314
1,512,214
Transfers out
(94,114)
-
-
-
(1,418,100)
(1,512,214)
Total other financing sources (uses)
$
566,125 $
540,000 $
- $
37,661 $
(900,106) $
243,680
Net Change in Fund Balance
$
401,028 $
(1,722,991) $
(32,396) $
(64,598) $
191,900 $
(1,227,057)
Fund balances -beginning
$
1,749,255 $
1,864,327 $
407,480 $
109,217 $
7,040,094 $
11,170,373
Restatements
-
-
-
-
(14,114)
(14,114)
Fund balances- beginning, restated
$
1,749,255 $
1,864,327 $
407,480 $
109,217 $
7,025,980 $
11,156259
Fund balance -ending $ 2,150,283 $ 141,336 $ 375,084 $ 44,619 $ 7,217,880 $ 9,929,202
See accompanying Notes to the Financial Statements
32
City of Kalispell, Montana
Reconciliation of the Statement of Revenues, Expenditures.
and Changes in Fund Balances of Governmental Funds
to the Statement of Activities
For the Fiscal Year Ended June 30, 2013
Amounts reported for governmental activities in the statement of
activities are different because:
Net change in fund balances - total governmental funds $ (1,227,057)
Governmental funds report capital outlays as expenditures while governmental activities report
depreciation expense to allocate those expenditures over the life of the assets:
- Capital assets purchased 1,701,728
- Depreciation expense (3,779,299)
- Capital assets transferred to enterprise funds (358,169)
In the Statement of Activities, the loss or gain on the sale or disposal of capital assets is recognized. The
fund financial statements recognize only the proceeds from the sale of these assets:
- Gain (loss) on the sale/disposal of capital assets (1,145,827)
Revenues in the Statement of Activities that do not provide current financial resources are not reported as
revenues in the funds:
- Donated capital assets 19,126
- Deferred assessments recievable (beginning of year) (5,475,801)
- Deferred assessments recievable (end of year) 5,284,395
- Deferred loans recievable (beginning of year) (2,231,999)
- Deferred loans recievable (end of year) 2,294,618
- Increase in deferred loans recievable recognized as revenue in Statement of Activities (62,619)
The change in compensated absences is shown as an expense in the
Statement of Activities (65,264)
Repayment of debt principal is an expenditures in the governmental funds, but the repayment reduces long-
term debt in the Statement of Net Assets:
- Long-term debt principal payments 1,259,716
Long term debt proceeds provide current financial resources to the governmental funds, but issuing debt
increases long-term liabilities in the Statement of Net Assets:
- Proceeds from the sale of long-term debt (243,680)
The increase in other post employment benefits is shown as an expense in the
Statement of Activities (307,647)
Internal service funds are used by management to chare the costs of certain activities, to individual funds.
The net revenue of the internal service funds is reported with the governmental activities of the
Government -Wide Statement of Activities net of the amounts allocated to business -type activities and
depreciation expense. (13,665)
Change in net position - Statement of Activities $ (4,351,444)
See accompanying Notes to the Financial Statements
33
PROPRIETARY FUND FINANCIAL
STATEMENTS
MAJOR ENTERPRISE FUNDS
Water Fund — Accounts for the City's water utility operations, including water impact
fees.
Sewer Fund — Accounts for the City's sewer and storm water utility operations, including
sewer and storm impact fees.
INTERNAL SERVICE FUND
Data Processing Fund — used to account for the goods and services provided by the data
processing department to other departments of the City on a cost -reimbursement basis.
City of Kalispell, Montana
Statement of Net Position
Proprietary Funds
June 30, 2013
Governmental
Business
-Type Activities - Enterprise Funds
Activities
Non -major
Service
Water
Sewer
Enterprise
Totals
Funds
ASSETS
Current assets:
Cash and investments
$
3,590,017
$
2,679,222
$ 992,995
$
7,262,234
$
55,358
Taxes and assessments receivable, net
-
30,886
29,286
60,172
-
Accounts receivable - net
137,293
299,589
450
437,332
-
Contracts receivable
16,931
48,407
-
65,338
43,980
Due from other funds
-
33,009
-
33,009
-
Due from other governments
-
76,463
81,231
157,694
-
Prepaids
12,380
17,363
7,103
36,846
2,244
Inventories
119,770
-
-
119,770
-
Total current assets
$
3,876,391
$
3,184,939
$ 1,111,065
$
8,172,395
$
101,582
Noncurrent assets:
Restricted cash and investments
$
995,859
$
5,739,175
$
$
6,735,034
$
Capital assets - land
91,587
250,756
1,359,545
1,701,888
Capital assets - construction in progress
190,243
397,878
184,433
772,554
-
Capital assets - depreciable, net
24,710,715
44,710,436
1,541,764
70,962,915
39,879
Total noncurrent assets
$
25,988,404
$
51,098,245
$ 3,085,742
$
80,172,391
$
39,879
Total assets
$
29,864,795
$
54,283,184
$ 4,196,807
$
88,344,786
$
141,461
LIABILITIES
Current liabilities:
Accounts payable
90,487
203,937
50,456
344,880
5,398
Retainage
8,081
9,734
-
17,815
-
Accrued payroll
16,691
23,616
8,914
49,221
2,075
Current portion of long -terns capital liabilities
358,000
868,000
-
1,226,000
-
Current portion of compensated absences payable
40,234
83,966
31,690
155,890
10,518
Other credits
3,974
-
-
3,974
-
Total current liabilities
$
517,467
$
1,189,253
$ 91,060
$
1,797,780
$
17,991
Noncurrent liabilities:
Noncurrent portion of long -terns capital liabilities
2,414,000
12,298,483
-
14,712,483
-
Noncurrent portion of compensated absences
38,137
31,614
37,591
107,342
1,872
Other post employment benefits
127,545
74,908
-
202,453
-
Total noncurrent liabilities
$
2,579,682
$
12,405,005
$ 37,591
$
15,022,278
$
1,872
Total liabilities
$
3,097,149
$
13,594,258
$ 128,651
$
16,820,058
$
19,863
NET POSITION
Net investment in capital assets
$
22,220,545
$
32,192,587
$ 1,726,197
$
56,139,329
$
39,879
Restricted for capital projects
584,601
4,430,113
-
5,014,714
-
Restricted for debt service
411,258
1,309,062
-
1,720,320
-
Unrestricted
3,551,242
2,757,164
2,341,959
8,650,365
81,719
Total net position
$
26,767,646
$
40,688,926
$ 4,068,156
$
71,524,728
$
121,598
Total liabilities and net position
$
29,864,795
$
54,283,184
$ 4,196,807
$
88,344,786
$
141,461
See accompanying Notes to the Financial Statements
34
City of Kalispell, Montana
Statement
of Revenues, Expenses, and Changes in
Fund Net
Position
Proprietary Funds
For the Fiscal Year Ended June 30, 2013
Governmental
Business -Type
Activities - Enterprise Funds
Activities
Non -major
Internal
Water
Sewer
Enterprise
Totals
Service Funds
OPERATING REVENUES
Charges for services
$ 2,593,314 $
4,143,222
$ 976,456 $
7,712,992
$ 420,922
Miscellaneous revenues
147,198
9,951
-
157,149
235
Special assessments
-
824,113
-
824,113
-
Total operating revenues
$ 2,740,512 $
4,977,286
$ 976,456 $
8,694,254
$ 421,157
OPERATING EXPENSES
Personal services
$ 942,930 $
1,366,214
$ 512,760 $
2,821,904
$ 182,178
Supplies
89,138
89,503
89,054
267,695
51,157
Purchased services
315,967
649,511
106,665
1,072,143
152,216
Building materials
88,123
35,636
-
123,759
-
Fixed charges
210,679
535,843
96,886
843,408
34,640
Loss/bad debt expense
20,504
23,202
-
43,706
-
Depreciation
858,041
2,200,937
204,576
3,263,554
16,071
Total operating expenses
$ 2,525,382 $
4,900,846
$ 1,009,941 $
8,436,169
$ 436,262
Operating income (loss)
$ 215,130 $
76,440
$ (33,485) $
258,085
$ (15,105)
NON -OPERATING REVENUES (EXPENSES)
Capital Grants - Developer's Contributions
$
52,609
$ 16,722
$
$ 69,331
$
Capital Grants - Impact Fees
276,906
665,790
942,696
Operating Grant - Intergovernmental revenue
-
8,354
8,354
-
Interest revenue
34,631
61,167
6,513
102,311
1,440
Gain (loss) on sale of capital assets
(43,324)
-
-
(43,324)
-
Debt service interest expense
(92,171)
(354,808)
-
(446,979)
-
Total non -operating revenues (expenses)
$
228,651
$ 397,225
$ 6,513
$ 632,389
$ 1,440
Income (loss) before contributions and transfer $
443,781
$ 473,665
$ (26,972)
$ 890,474
$ (13,665)
Capital contributions - Governmental funds
265,544
-
92,625
358,169
Change in net position
$
709,325
$ 473,665
$ 65,653
$ 1,248,643
$ (13,665)
Net Position - Beginning of the year
$
26,148,948
$ 40,268,487
$ 4,003,157
$ 70,420,592
$ 135,263
Restatements
(90,627)
(53,226)
(654)
(144,507)
-
Net Position - Beginning of the year - Restated
$
26,058,321
$ 40,215,261
$ 4,002,503
$ 70,276,085
$ 135,263
Net Position - End of the year
$
26,767,646
$ 40,688,926
$ 4,068,156
$ 71,524,728
$ 121,598
See accompanying Notes to the Financial Statements
35
City of Kalispell, Montana
Statement of Cash Flows
Proprietary Funds
Year Ended June 30, 2013
Governmental
Business - Type Activities Activities
Non -major
Internal Service
Water
Sewer
Enterprise
Totals
Fund
Cash flows from operating activities:
Cash received from customers
$ 2,576,664 $
4,099,319 $
925,883 $
7,601,866 $
377,177
Cash received from assessments
-
772,481
-
772,481
-
Cash received from miscellaneous sources
147,198
9,951
157,149
Cash payments for claims
(756,359)
(1,306,370)
(284,882)
(2,347,611)
(260,957)
Cash payments to employees
(907,209)
(1,362,037)
(517,044)
(2,786,290)
(176,009)
Net cash provided (used) by operating activities
$ 1,060,294 $
2,213,344 $
123,957 $
3,397,595 $
(59,789)
Cash flows from capital and related financing activities:
Principal paid on bonds, loans and advances $
(386,000) $
(1,141,000) $
$ (1,527,000) $
Interest paid on bonds, loans and advances
(92,172)
(354,808)
(446,980)
Acquisition and construction of capital assets
(667,688)
(1,178,319)
(34,694) (1,880,701) (8,599)
Proceeds from bonds, loans and advances
-
132,483
132,483
Impact fees
263,197
627,931
891,128
Net cash provided (used) by capital and related financing activ $
(882,663) $
(1,913,713) $
(34,694) $ (2,831,070) $ (8,599)
Cash flows from non -capital financing activities:
Advances between funds
($33,009)
(33,009)
Intergovernmental revenue
$ $
8,354 $
$
8,354 $
Net cash provided (used) from non -capital financing activities
$ $
(24,655) $
$
(24,655) $
-
Cash flows from investing activities:
Interest on investments
$ 34,631 $
61,167 $
6,515 $
102,313 $
1,440
Net cash provided (used) by investing activities
$ 34,631 $
61,167 $
6,515 $
102,313 $
1,440
Net increase (decrease) in cash and cash equivalents
$ 212,262 $
336,143 $
95,778 $
644,183 $
(66,948)
Cash and cash equivalents at beginning
4,373,614
8,082,254
897,871
13,353,739
122,306
Restatements
-
-
(654)
(654)
-
Cash and cash equivalents at end
$ 4,585,876 $
8,418,397 $
992,995 $
13,997,268 $
55,358
Reconciliation of operating income (loss) to net cash provided
(used) by operating activities:
Operating income (loss)
$ 215,130 $
76,440 $
(33,485) $
258,085 $
(15,105)
Adjustments to reconcile operating income to net cash
provided (used) by operating activities:
Depreciation
858,040
2,200,936
204,572
3,263,548
16,072
Bad Debt
20,504
$23,201
-
43,705
-
Other Post Employment Benefits Expense
$36,918
36,918
Changes in assets and liabilities:
Accounts receivable - net
(16,650)
(43,903)
(210)
(60,763)
($43,980)
Increase in Hydrant Meter Deposits
(35,789)
-
-
(35,789)
Taxes and assessments receivable, net
8,680
(117,001)
(108,321)
-
Prepaid expenses
(114)
($2,155)
($2,726)
(4,995)
(972)
Increase Comp Abs
4,360
13,668
89
18,117
7,092
Decrease in due from County
-
($60,312)
66,640
6,328
-
Accounts payable
(16,663)
4,123
7,724
(4,816)
(21,973)
Accrued payroll
(5,442)
(7,334)
(1,646)
(14,422)
(923)
Net cash provided (used) by operating activities
$ 1,060,294 $
2,213,344 $
123,957 $
3,397,595 $
(59,789)
The City received non cash contributions
of land and infrastructure as follows:
$318,153
$16,722
$92,625
$427,500
See accompanying notes to the financial statements
0
FIDUCIARY FUND FINANCIAL
STATEMENTS
AGENCY FUNDS
Agency Funds — used to account for assets held by the City as an agent for individuals,
private organizations, other governments, and/or other funds.
City of Kalispell, Montana
Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2013
Agency
Funds
ASSETS
Cash and short-term investments $ 5155089
Total assets $ 515,089
LIABILITIES
Due to others 515,089
Total liabilities $ 515,089
NET POSITION
See accompanying Notes to the Financial Statements
37