HomeMy WebLinkAboutEnterprise & Internal Funds - CAFR 09ENTERPRISE FUNDS
Enterprise funds are used to account for operations that are financed and operated in a manner similar to
private business enterprises. The costs of providing goods or services to the general public are financed
primarily through user charges.
SewerMastewater Fund — To account for the sewer fees established to finance the costs of operating
the City sewer system.
Refuse Contract — To account for the refuse fees established to finance the cost of the refuse collection
contract with the City.
105
CITY OF AZUSA
COMBINING STATEMENT OF NET ASSETS
NON -MAJOR PROPRIETARY FUNDS
JUNE 30, 2009
Assets:
Current:
Cash and investments
Receivables:
Accounts
Accrued interest
Restricted:
Cash with fiscal agent
Total Current Assets
Noncurrent:
Deferred Charges
Capital assets - net of accumulated depreciation
Total Noncurrent Assets
Total Assets
Liabilities and Net Assets:
Liabilities:
Current:
Accounts payable
Accrued liabilities
Accrued interest
Deposits payable
Accrued compensated absences
Bonds, notes, and capital leases
Total Current Liabilities
Noncurrent:
Accrued compensated absences
Bonds, notes, and capital leases
Total Noncurrent Liabilities
Total Liabilities
Net Assets:
Invested in capital assets, net of related debt
Restricted for debt service
Unrestricted
Total Net Assets
Total Liabilities and Net Assets
106
Sewer/ Refuse
Wastewater Contract Totals
$ 3,482,998 $ 5,398 $ 3,488,396
179,330 383,837 563,167
9,694 - 9,694
293,120 - 293,120
3,965,142 389,235 4,354,377
95,731 - 95,731
8,945,011 - 8,945,011
9,040,742 9,040,742
$ 13,005,884 $ 389,235 $13,395,119
$ 22,172
$ 487,278
$ 509,450
40,970
-
40,970
47,253
-
47,253
15
-
15
54,535
-
54,535
105,000
105,000
269,945
487,278
757,223
36,306
-
36,306
1,862,725
1,862,725
1,899,031
1,899,031
2,168,976
487,278
2,656,254
6,977,286
-
6,977,286
293,120
-
293,120
3,566,502
(98,043)
3,468,459
10,836,908
(98,043)
10,738,865
$ 13,005,884
$ 389,235
$13,395,119
CITY OF AZUSA
COMBINING STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN FUND NET ASSETS
NON -MAJOR PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2009
Sewer/
Refuse
Wastewater
Contract
Totals
Operating Revenues:
Sales and service charges
$ 1,508,325
$ 2,968,742
$ 4,477,067
Miscellaneous
2,795
7,524
10,319
Total Operating Revenues
1,511,120
2,976,266
4,487,386
Operating Expenses:
Treatment
1,518,931
_
931
Refuse collection
3,028,270
3,028,
3,27
Depreciation expense
325,309
-
,
325,309
09
Total Operating Expenses
1,844,240
3,028,270
4,872,510
Operating Income (Loss)
(333,120)
(52,004)
(385,124)
Nonoperating Revenues (Expenses):
Taxes
-
586,254
6,0
Interest revenue
156,150
-
15156,1550
Interest expense
(120,611)
-
(120,611)
Special franchise fees
(30,934)
-
(30,934)
Total Nonoperating
Revenues (Expenses)
4,605
586,254
590,859
Income (Loss) Before Transfers
(328,515)
534,250
205,735
Transfers in
-
150,000
150,000
Transfers out
(140,000)
(585,800)
(725,800)
Changes in Net Assets
(468,515)
98,450
(370,065)
Net Assets:
Beginning of Year
11,305,423
(196,493)
11,108,930
End of Fiscal Year
$ 10,836,908
$ (98,043)
$ 10,738,865
107
CITY OF AZUSA
COMBINING STATEMENT OF CASH FLOWS
NON -MAJOR PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2009
Cash Flows from Operating Activities:
Cash received from customers and users
Cash paid to supplies for goods and services
Cash paid to employees for services
Net Cash Provided (Used) by Operating Activities
Cash Flows from Non -Capital
Financing Activities:
Cash transfers out
Cash transfers in
Net Cash Provided (Used) by
Non -Capital Financing Activities
Cash Flows from Capital
and Related Financing Activities:
Acquisition and construction of capital assets
Principal paid on capital debt
Interest paid on capital debt
Special franchise fees
Taxes
Net Cash Provided (Used) by
Capital and Related Financing Activities
Cash Flows from Investing Activities:
Repayment of loans
Interest received
Net Cash Provided (Used) by
Investing Activities
Net Increase(Decrease)in Cash
and Cash Equivalents
Cash and Cash Equivalents at Beginning of Year
Cash and Cash Equivalents at End of Year
108
Sewer/ Refuse
Wastewater Contract Totals
$ 1,500,693 $ 3,031,659 $ 4,532,352
(601,699) (3,287,962) (3,889,661)
(900,271) - (900,271)
(1,277) (256,303) (257,580)
(140,000) (585,800) (725,800)
- 150,000 150,000
(140,000) (435,800) (575,800)
(213,326)
- (213,326)
(100,000)
- (100,000)
(118,062)
- (118,062)
(30,934)
(30,934)
-
586,254 586,254
(462,322)
586,254 123,932
125 125
164,179 - 164,179
164,304
164,304
(439,295)
(105,849) (545,144)
4,215,413
111,247 4,326,660
$ 3,776,118
$ 5,398 $ 3,781,516
CITY OF AZUSA
COMBINING STATEMENT OF CASH FLOWS
NON -MAJOR PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2009
Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:
Operating income (loss)
Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:
Depreciation
(Increase) decrease in accounts receivable
Increase (decrease) in accounts payable
Increase (decrease) in accrued liabilities
Increase (decrease) in deposits payable
Increase (decrease) in compensated absences
Total Adjustments
Net Cash Provided (Used) by
Operating Activities
Sewer/ Refuse
Wastewater Contract Totals
$ (333,120) $ (52,004) $ (385,124)
325,309
- 325,309
(10,442)
55,393 44,951
(8,747)
(259,692) (268,439)
12,484
- 12,484
15
15
13,224
13,224
331,843 (204,299) 127,544
$ (1,277) $ (256,303)
Non -Cash Investing, Capital, and Financing Activities:
Amortization of bond discount $ (5,190) $ - $ (5,190)
Amortization of deferred debt issuance costs 7,977 _ 7,977
109
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110
INTERNAL SERVICE FUNDS
The Internal Service Fund is used to account for goods and services provided by one City department to
other City departments on a cost reimbursement basis.
Consumer Services Fund — To account for the cost of providing consumer services that benefit other
funds of the City.
Self -Insurance Fund — To account for workers compensation claims, unemployment claims, City liability
premiums and claims, and third party administrative costs.
Central Services Fund — To account for costs of operating the City garage, reprographics, purchasing
and the computer services divisions.
Equipment Replacement Fund — To account for the cost of replacing equipment in various departments
within the City.
Intra-Governmental Loan Fund — To account for costs related to various advances to the
Redevelopment Agency.
IT Services Fund — To account for the accumulation and allocation of costs associated with providing
information technology services to the various City departments.
111
CITY OF AZUSA
COMBINING STATEMENT OF NET ASSETS
INTERNAL SERVICE FUNDS
JUNE 30, 2009
Assets:
Current:
Cash and investments
Receivables:
Accounts
Notes and loans
Accrued interest
Prepaid costs
Total Current Assets
Noncurrent:
Advances to other Funds
Capital assets - net of accumulated depreciation
Total Noncurrent Assets
Total Assets
Liabilities and Net Assets:
Liabilities:
Current:
Accounts payable
Accrued liabilities
Deposits payable
Due to other funds
Accrued compensated absences
Accrued claims and judgments
Total Current Liabilities
Noncurrent:
Accrued compensated absences
Accrued claims and judgments
Total Noncurrent Liabilities
Total Liabilities
Net Assets:
Invested in capital assets, net of related debt
Unrestricted
Total Net Assets
Total Liabilities and Net Assets
Consumer Self Central Equipment
Services Insurance Services Replacement
$ 942,408 $ 2,772,862 $ - $ 514,481
4,076 26,495 _ _
3,825 2,406 _ _
86,776 6,515 - 552
6,536 5,146
1,043,621 2,813,424 - 515,033
873,278 57,814 943,564
873,278 - 57,814 943,564
$ 1,916,899 $ 2,813,424 $ 57,814 $ 1,458,597
$ 134,005
$ 39,037
$ 1,955
$ 1,093
117,326
7,545
2,695
_
1,474
-
_
-
-
42,537
159,544
6,671
8,034
_
-
1,122,804
_
412,349
1,176,057
55,221
1,093
132,985
-
2,593
_
1,945,365
-
132,985
1,945,365
2,593
545,334
3,121,422
57,814
1,093
873,278
-
57,814
943,564
498,287
(307,998)
(57,814)
513,940
1,371,565
(307,998)
1,457,504
$ 1,916,899
$ 2,813,424
$ 57,814
$ 1,458,597
112
CITY OF AZUSA
COMBINING STATEMENT OF NET ASSETS
INTERNAL SERVICE FUNDS
JUNE 30, 2009
Intra-
Governmental
Assets: Loan Fund IT Services Totals
Current:
Cash and investments
Receivables:
Accounts
Notes and loans
Accrued interest
Prepaid costs
Total Current Assets
Noncurrent:
Advances to other funds
Capital assets - net of accumulated depreciation
Total Noncurrent Assets
Total Assets
Liabilities and Net Assets:
Liabilities:
Current:
Accounts payable
Accrued liabilities
Deposits payable
Due to other funds
Accrued compensated absences
Accrued claims and judgments
Total Current Liabilities
Noncurrent:
Accrued compensated absences
Accrued claims and judgments
Total Noncurrent Liabilities
Total Liabilities
Net Assets:
Invested in capital assets, net of related debt
Unrestricted
Total Net Assets
Total Liabilities and Net Assets
113
$ - $ 359,521
$ 4,589,272
88
30,659
- 3,442
9,673
-
93,843
- 11,487
23,169
374,538
4,746,616
16,846,937 -
16,846,937
'
1,874,656
16,846,937
18,721,593
$ 16,846,937 $ 374,538
$ 23,468,209
$ - $ 131,436
$ 307,526
- 48,183
175,749
-
1,474
-
42,537
- 71,016
245,265
'
1,122,804
250,635
1,895,355
- 123,903
259,481
'
1,945,365
123,903
2,204,846
374,538
4,100,201
' -
1,874,656
16,846,937 -
17.493.352
16,846,937 19,368,008
$ 16,846,937 $ 374,538 $ 23,468,209
CITY OF AZUSA
COMBINING STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN FUND NET ASSETS
INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2009
Consumer
Central Equipment
Services
Self Insurance
Services Replacement
Operating Revenues:
Sales and service charges
$ 6,066,277
$ 1,978,356
$ 159,731 $ -
Miscellaneous
9,665
591,388
Total Operating Revenues
6,075,942
2,569,744
159,731
Operating Expenses
Source of supply
206,096
-
31,302
546
Claims expense
358,260
1,489,730
-
Administration and general
5,140,269
1,180,313
115,235
_
Depreciation expense
175,919
-
13,194
127,062
Total Operating Expenses
5,880,544
2,670,043
159,731
127,608
Operating Income (Loss)
195.398
(100,299)
_
(127,608)
Nonoperating Revenues (Expenses):
Intergovernmental
_
-
Interest revenue
-
73,180
-
11,980
Gain (loss) on disposal of capital assets
-
(16,061)
Total Nonoperating
Revenues (Expenses)
73,180
(4,081)
Income (Loss) Before Transfers
195,398
(27,119)
-
(131,689)
Transfers out
(195,810)
Changes in Net Assets
- (412)
(27,119)
(131,689)
Net Assets:
Beginning of Year, as originally reported 1,371,977 (280,879) - 1,189,193
Restatements _
' - 400,000
Beginning of Fiscal Year, as restated 1,371,977 (280,879) 1,589,193
End of Fiscal Year $ 1,371,565 $ (307,998) $ $ 1,457,504
114
CITY OF AZUSA
COMBINING STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN FUND NET ASSETS
INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2009
Intra-
Governmental
Operating Revenues: Loan Fund IT Services Totals
Sales and service charges $ 632,475 $ 2,049,219 $ 10,886,058
Miscellaneous - - 601,053
Total Operating Revenues 632,475 2,049,219 11,487,111
Operating Expenses:
Source of supply
Claims expense
Administration and general
Depreciation expense
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues (Expenses):
Intergovernmental
Interest revenue
Gain (loss) on disposal of capital assets
Total Nonoperating
Revenues(Expenses)
Income (Loss) Before Transfers
Transfers out
Changes in Net Assets
Net Assets:
Beginning of Year, as originally reported
Restatements
Beginning of Fiscal Year, as restated
End of Fiscal Year
115
- 432,155
670,099
" -
1,847,990
- 1,647,477
8,083,294
316,175
- 2,079,632
10,917,558
632,475 (30,413)
569,553
- 30,413
30,413
960,783 -
1,045,943
- -
(16,061)
960,783 30,413 1,060,295
1,593,258 - 1,629,848
- - (195,810)
1,593,258 1,434,038
15,253,679 - 17,533,970
400,000
15,253,679 - 17,933,970
$ 16,846,937 $ - $ 19,368,008
CITY OF AZUSA
COMBINING STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2009
Cash Flows from Operating Activities:
Cash received from customers and users
Cash paid to supplies for goods and services
Cash paid to employees for services
Net Cash Provided (Used) by Operating Activities
Cash Flows from Non -Capital
Financing Activities:
Cash transfers out
Cash transfers in
Repayment made to other funds
Advance to other funds
Net Cash Provided (Used) by
Non -Capital Financing Activities
Cash Flows from Capital
and Related Financing Activities:
Acquisition and construction of capital assets
Intergovernmental grants
Net Cash Provided (Used) by
Capital and Related Financing Activities
Cash Flows from Investing Activities:
Repayment of loans
Interest received
Net Cash Provided (Used) by
Investing Activities
Net Increase(Decrease)in Cash
and Cash Equivalents
Cash and Cash Equivalents at Beginning of Year
Cash and Cash Equivalents at End of Year
Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:
Operating income (loss)
Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:
Depreciation
(Increase) decrease in accounts receivable
(Increase) decrease in prepaid expense
Increase (decrease) in accounts payable
Increase (decrease) in accrued liabilities
Increase (decrease) in deposits payable
Increase (decrease) in claims and judgments
Increase (decrease) in compensated absences
Total Adjustments
Net Cash Provided (Used) by
Operating Activities
Non -Cash Investing, Capital, and Financing Activities:
Gain/(Loss) on disposition of capital assets
Consumer
Central
Equipment
Services
Self Insurance
Services
Replacement
$ 6,080,462
$ 2,543,935
$ 159,731
$ -
(586,476)
(1,073,997)
(37,692)
(24,039)
(5,079,044)
(1,175,811)
(113663)
-
414,942
294,127
8,376
(24,039)
(195,810) - _ -
- - - 400,000
(8,376) -
(195,810) - (8,376) 400,000
(17,645) - - (305,595)
(17,645) - (305,595)
2,991 (2,406) - _
84,994 74,412 - 13,230
87,985 72,006 - 13,230
289,472 366,133 - 83,596
652,936 2,406,729 - 430,885
$ 942,408 $ 2,772,862 $ $ 514,481
$ 195,398 $ (100,299) $ - $ (127,608)
175,919
-
13,194
127,062
4,602
(25,809)
-
_
(6,142)
(679)
(15,978)
(51,312)
(6,390)
(23,493)
41,234
1,599
876
-
(82)
-
-
-
467.724
_
_
19,991
2,903
696
-
219,544
394,426
8,376
103,569
$ 414,942 $
294,127 $
8,376
$ (24,039)
116
$ (18,342)
CITY OF AZUSA
COMBINING STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2009
Intra-
Cash Flows from Operating Activities:
Cash received from customers and users
Cash paid to supplies for goods and services
Cash paid to employees for services
Net Cash Provided (Used) by Operating Activities
Cash Flows from Non -Capital
Financing Activities:
Cash transfers out
Cash transfers in
Repayment made to other funds
Advance to other funds
Net Cash Provided (Used) by
Non -Capital Financing Activities
Cash Flows from Capital
and Related Financing Activities:
Acquisition and construction of capital assets
Intergovernmental grants
Net Cash Provided (Used) by
Capital and Related Financing Activities
Cash Flows from Investing Activities:
Repayment of loans
Interest received
Net Cash Provided (Used) by
Investing Activities
Net Increase(Decrease)in Cash
and Cash Equivalents
Cash and Cash Equivalents at Beginning of Year
Cash and Cash Equivalents at End of Year
Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:
Operating income (loss)
Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:
Depreciation
(Increase) decrease in accounts receivable
(Increase) decrease in prepaid expense
Increase (decrease) in accounts payable
Increase (decrease) in accrued liabilities
Increase (decrease) in deposits payable
Increase (decrease) in claims and judgments
Increase (decrease) in compensated absences
Total Adjustments
Net Cash Provided (Used) by
Operating Activities
Non -Cash Investing, Capital, and Financing Activities:
Gain/(Loss) on disposition of capital assets
117
Governmental
Loan Fund IT Services Totals
632,475 $ 2,050,085 $ 11,466,688
- (465,247) (2,187,451)
(1,621256) (7,989,774)
632,475 (36,418) 1,289,463
(195,810)
400,000
(1,593,258) (
- (1,5933,,225858)
)
(1,593,258)
(1,397,444)
- (323,240)
30,413 30,413
30,413 (292,827)
- 270 855
960,783 1,133,419
960,783 270 1,134,274
(5,735) 733,466
365,256 3,855,806
$ $ 359,521 $ 4,589,272
$ 632,475 $ (30.413) $ 569,553
-
316,175
- 866
(20,341)
- (5,286)
(12,107)
- (27,806)
(124,979)
- 14,612
58,321
-
(82)
-
467,724
= 11,609
35,199
_ (6,005)
719,910
$ 632,475 $ (36,418) $ 1,289,463
- $ (18,342)
CITY OF AZUSA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2009
Balance Balance
July 1, 2008 Additions Deductions June 30, 2009
Deposit Trust
Assets:
Pooled cash and investments
Receivables:
Accounts
Taxes
Total Assets
Liabilities:
Accounts payable
Accrued liabilities
Deposits payable
Due to other governments
Total Liabilities
$
1,460,329
$
18,045
$
-
$
1,478,374
6,600
-
6,378
222
195,534
-
156,547
38,987
$
1,662,463
$
18,045
$
162,925
$
1,517,583
$
1,560,733
$
151,230
$
268,972
$
1,442,991
35,911
146
1,051
35,006
57,223
2,706
28,512
31,417
8,596
-
427
8,169
$
1,662,463
$
154,082
$
298,962
$
1,517,583
118
CITY OF AZUSA
SUPPLEMENTAL STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN NET ASSETS
WATER - ENTERPRISE FUND
FOR THE FISCAL YEAR ENDED JUNE 30, 2009
Operating Revenues:
Water
Residential sales
$ 7,740,102
Commercial sales
2,770,336
Industrial sales
2,551,733
Fees
97,506
Other revenue
2,078,532
Total Operating Revenues
15,238,209
Operating Expenses:
Production
5,070,803
Transmission and distribution
2,275,174
Customer accounting and sales
66572
3,854,269
Uncollectible accounts
Administrative and general
78,521
Depreciation
1,76161,398
,98
Total Operating Expenses
13,706,737
Operating Income (Loss)
1,531,472
Nonoperating Revenues (Expenses):
Interest revenue
035481
1,361,367
Interest expense
(3
Franchise and in -lieu -tax
(283,)
283,99393)
Total Nonoperating Revenues (Expenses)
(2,609,879)
Net Income (Loss) Before Transfers
(1,078,407)
Transfers Out
(835,976)
Net Income
(1,914,383)
Net Assets:
Beginning of Fiscal Year
55,701,420
Restatements
24,630
Beginning of Fiscal Year, as restated
55,726,050
End of Fiscal Year
$ 53,811,667
119
CITY OF AZUSA
SUPPLEMENTAL STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN NET ASSETS
LIGHT - ENTERPRISE FUND
FOR THE FISCAL YEAR ENDED JUNE 30, 2009
Operating Revenues:
Light
Sale/electricity - residential
$ 10,180,795
Sale/electricity - commercial and industrial
19,429,530
Sale/electricity - other
677
Sale/electricity - resale
3, 63,315
,,36
Other revenue
1,07474,036
Total Operating Revenues
35,284,353
Operating Expenses:
Purchase power
23,106,698
Transmission/dispatching
2,962,657
Operation and maintenance
2,445,087
Uncollectible accounts
105,320
Administration general expenditures
3,441,174
Depreciation
1,228,752
Total Operating Expenses
33,289,688
Operating Income
1,994,665
Nonoperating Revenues (Expenses):
Interest income
1,388,342
Interest expense
(534,295)
Franchise and in -lieu -tax
(3,183,707)
Gain (loss) on disposal of asset
797
Total Nonoperating Revenues (Expenses)
(2,328,863)
Net Income Before Transfers
(334,198)
Transfers Out
(641,801)
Net Income
(975,999)
Net Assets:
Beginning of Fiscal Year
61,709,364
Restatements
(12,854)
Beginning of Fiscal Year, as restated
61,696,510
End of Fiscal Year
$ 60,720,511
120