HomeMy WebLinkAbout2000 ACFR-,
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COMPREHENSIVE ANNUAL FINANCIAL REPORT
OF THE
CITY OF PASCO, WASHING TON
For the Fiscal Year Ended
December 31, 2000
Prepared by the
Administrative and Community Services Department
Stanley R. Strebel, Director
James W. Chase, Finance Manager
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CITY OF PASCO
TABLE OF CONTENTS
Year Ended December 31, 2000
INTRODUCTORY SECTION
Letter of Transmittal . . . . . . . . . . . . . . . . . .. . . . . . . . .. . .. . . . . . . . . . . . . . .. . . . . . . . .. . .. . . . . .. . . . . . 1
Directory of City Officials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Directory of Management Team . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Organizational Chart . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
FINANCIAL SECTION
COMBINED STATEMENTS-Overview (Exhibits 1 -5)
(General Purpose Financial Statements)
Combined Balance Sheet -All Fund Types and Account Groups .. .. .. . .... ... . 14
Combined Statement of Revenues, Expenditures, and Changes in Fund Balances
All Governmental Fund Types .. .. .. .. .. .. . .. .. .. .. .. .. .. .. .. . . .. .. .. .. . 16
Combined Statement of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual -General and Special Revenue Funds 18
Combined Statement of Revenues, Expenses and Changes in Retained
Earnings Balance/Fund Balances -All Proprietary Fund Types and
Similar Tmst Funds . . .. . .. . .. . .. . .. . . . . . . . . . . .. . .. . .. .. . . . . . .. . . . . ... ... .. . .. . . 20
Combined Statement of Cash Flows
All Proprietary Fund Types and Similar Trust Funds . . . . . . . . . . . . . . . 22
Notes to Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
COMBINING AND INDIVIDUAL FUNDS AND ACCOUNT GROUPS
(Supplemental Financial Statements):
General Fund
Balance Sheet
(Exhibits A-1 to A-4)
Statement of Revenues, Expenditures and Changes in Fund Balance ........... .
Statement of Revenues -Budget to Actual ........................................ ..
Statement of Expenditures -Budget to Actual ................................ .
Special Revenue Funds (Exhibits B-1 to B2)
49
50
51
52
Combining Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60
Combining Statement of Revenues, Expenditures and Changes in
Fund Balances -Budget and Actual . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . 64
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TABLE OF CONTENTS, continued
Debt Service Funds (Exhibits C-1 to C-3)
Combining Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 77
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 78
Capital Projects Funds (Exhibits D-1 to D-2)
Combining Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 83
Enterprise Funds (Exhibits E-1 to E-4)
Combining Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86
Combining Statement of Revenues, Expenses and Changes in Fund Equity...... 88
Combining Statement of Revenues, Expenses . . .. . . . . . . . . . . .. . .. . . . . .. . .. . .. . . 89
Statement of Cash Flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90
Internal Service Funds (Exhibits F-1 to F-3)
Combining Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92
Combining Statement of Revenues, Expenses and Changes in Fund Equity...... 93
Combining Statement of Cash Flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94
Trust and Agency Funds (Exhibits G-1 to G-10)
Combining Balance Sheet ........................................................... .
Cemetery Non-Expendable Trust
-Balance Sheet ........................................................... .
-Statement of Revenues, Expenditures and Changes in Fund Balances .. .
-Statement of Cash Flows .................................................. .
Cemetery Pre-Need Expendable Trust
-Balance Sheet ........................................................... .
-Statement of Revenues, Expenditures and Changes in Fund Balances .. .
-Statement of Cash Flows .................................................. .
Fire Pension Trust
-Balance Sheet
-Statement of Revenues, Expenditures and Changes in Fund Balances .. .
-Statement of Cash Flows .................................................. .
General Fixed Assets Account Group (Exhibits H-1 to H-3)
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99
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105
106
Comparative Statement of General Fixed Assets -By Source . . . . . . . . . . . . . . . 108
Schedule of General Fixed Assets -By Function and Activity . . . . . . . . . . . . . . . 109
Schedule of Changes in General Fixed Assets -By Function and Activity . . . . . . 110
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TABLE OF CONTENTS, continued
General Long-Term Debt Account Group (Exhibit 1-1)
Schedule of Long-Term Debt . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . .. . . . . . .. . . . . . . . . . . . . . . . . . . . 111
Additional Information
Schedule 8 Real and Personal Property Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115
Schedule 9-A Long-Term Debt -L.I.D. Assessments ... . .. ... ... .. . ... .. . . .. 116
Schedule 9-B Long-Term Debt -General Obligation and Revenue . . . . . . . . . . . . . . . 118
Schedule 10 Computation of Legal Debt Margin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121
Schedule 11 CashActivity ................................................... 122
Schedule 12 Operation oflnvestments -All Funds................................. 124
Schedule 13 Cash and Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125
Schedule 14 Short Term Interest Bearing Debt ... ... ...... ...... ............ ... 125
Schedule 15 Contributions for Employee Benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125
Schedule 16 Expenditures of Federal Awards & State and Local
Financial Assistance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 126
Notes to Schedule 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 128
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• Develop a definitive funding strategy and program to constrnct the .-\insworth
overpass. An overpass on Ainsworth would help alleviate the line up of vehicles
\vaiting for passing trains and restore a smooth t1ow of traffic in this important area of
the City.
The Accounting System and Budgetary Control
Basis of accounting refers to when revenues and expenditures or expenses are recognized in
the accounts and reported in the financial statements.
The City's financial statements for its governmental group of funds (General, Special
Revenue, Debt Service, Capital Projects) have been prepared on the modified accrual basis of
accounting in conformity with generally accepted accounting principles. Revenues on this
basis are recognized when measurable and available to finance . current expenditures.
Expenditures are recognized when goods and services are received and liabilities are due and
payable at year-end. The City's proprietary group of funds (Enterprise and Internal Service)
and its Fire Pension funds are accounted for on the accrual basis. Using the accrual basis,
revenues are recognized when earned and expenses are recognized when incurred.
Cities and Counties of the State of Washington must comply with the Budgeting, Accounting
and Reporting System (BARS) prescribed by the State Auditors Office. State law also
provides for annual independent audits by the State Auditors Office and requires timely
submission of annual financial reports to their office for review.
Management of the City is responsible for establishing and maintaining an internal control
structure designed to ensure that the assets of the government are protected from loss, theft or
misuse and to ensure that adequate accounting data are compiled to allow for the preparation
of financial statements in conformity with generally accepted accounting principles. The
internal control structure is designed to provide a reasonable· assurance that these objectives
are met. The concept of reasonable assurance recognizes that: (1) the cost of the control
should not exceed the benefits likely to be derived; and, (2) the valuation of costs and benefits
requires estimates and judgements by management.
In addition, the City maintains budgetary controls. The object of these budgetary controls is
to ensure compliance with legal provisions embodied in the annual appropriated budget
approved by the City Council. All governmental fund type budgets are prepared on the
accrual basis of accounting.
As demonstrated by the statements and schedules included -in the financial section of this
report, the City continues to meet its responsibility for sound financial management.
The notes to these financial statements contain a more detailed description of the significant
governmental accounting policies.
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Financial Information
General Governmental Operations
The following table presents a summary of general government revenues (General Fund.
Special Revenue Funds and Debt Service Funds) and other financing sources for 2000 and the
amount and percentage of increases and decreases in relation to prior year revenue.
Increase Percentage
2000 Percent of (Decrease} Increase
Sources of Funds Revenues Total from 1999 (Decrease}
Taxes:
Property $ 2,895,502 16.83% $ 695,347 31.60%
Sales & Use 5,116,352 29.73% 479,376 10.33%
Utility 3,779,748 21.96% 458,396 13.80%
Other 695,528 4.04% (21,587) (3.01%}
Licenses & Permits 794,677 4.62% 148,238 22.93%
Intergovernmental Revenue 840,197 4.88% (156,954) (15.74%)
Charges for Services 1,665,431 9.68% 58,431 3.63%
Fines & Forfeitures 403,155 2.34% 30,319 2.34%
Interest Earnings 211,094 1.23% 54,571 34.86%
Miscellaneous Revenues 369,524 2.15% (38,889) (9.52%)
Operating Transfers In 175,915 1.02% (13,919) (7.33%)
Other Financing Sources 261,266 1.52% (1,531 ,123) (85.42%}
$ 17,208,389 100.00%
The following table presents a summary of general government expenditures (General Fund,
Special Revenue Funds and Debt Service Funds) and other. financing uses for 2000 and the
amount and percentage of increases and decreases in relation to prior year revenue.
Increase Percentage
2000 Percent of (Decrease} Increase
Uses of Funds Expenditures Total from 1999 (Decrease}
General Government 2,845,629 17.15% $ (45,314) (1.57%)
Public Safety 8,303,553 50.05% 52,980 .64%
Physical Environment 807,252 4.87% 60,016 8.03%
Econom)c Environment 291,067 1.75% (5,562) (1 .88%)
Mental and Physical Health 3,604 0.02% (2,491) (40.87%)
Culture and Recreation 1,638,489 9.88% 73,236 4.68%
Capital Outlays 543,570 3.28% (515,633) (48.68%)
Debt Service 954,568 5.75% (1,145,650) (54.55%)
Operating Transfers-Out 1,200,993 7.24% 340,654 39.60%
16,588,725 100.00%
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The analysis of revenues and expendicures is very important. but must also be accompanied
by an analysis of fund balance. Fund balance is the accumulated excess of revenues and other
tinancing sources over expenditures and other financing uses. This next table is a ten-year
comparison for the General Fund. It shows the fund balance and the budgeted expenditures
along with the percentage increase/decrease in fund balance each period.
Unreserved Percent General
Fund Balance Increase Fund Percent of
Year December 31 (Decrease) Budget Budget
1991 936,182 -4.97% 8,348,500 11.21 %
1992 583,398 -37.68% 9,347,965 6.24%
1993 936,697 60.56% 9,577,950 9,78%
1994 2,125,705 126.94% 18,015,595 11.80%
1995 1,345,721 -36.69% 12,908,613 10.42%
1996 1,544,690 14.79% 12,799,810 12.07%
1997 2,160,619 39.87% 13,055,300 16.55%
1998 2,337,601 8.19% 13,717,845 17.04%
1999 1,708,152 -26.93% 17,530,663 9.74%
2000 2,237,816 36.28% 16,564,130 14.05%
Other Funds
Water and Sewer Utility
The water and sewer utility's primary activity is the operation and maintenance of a domestic
water system which supplies and distributes potable water and water for fire protection
purposes for the residents and a sanitary sewer system which collects sanitary sewage and
delivers it to a regional sewage treatment facility. The City owns and opera,tes the utility as a
separate enterprise fund that provides water and/or sewer service to virtually all of the City's
residents. Net income from the combined water and sewer utility was $1,710,162 in 2000 as
compared to $2,490,070 in 1999, and $2,031,385 in 1998.
1he City's water system presently serves approximately 10,274 customers, 8,118 of which
reside within City limits and approximately 82% of those are single-family residential
customers. The latest water rate increase became effective on January 1, 1997. The City's
sewer treatment plant was originally constructed in 1954, upgraded from primary treatment to
secondary treatment in 1970, and upgraded to advanced secondary treatment and expanded in
1997. The sewer system presently serves approximately 6,923 customers, 92% of which are
single-family residential customers. The latest increase in sewer rates became effective on ~-.
November 1, 1999.
Fiduciary Funds
The City administers a single-employer defined benefit plan called the Fire Pension Trust
Fund. Returns on the investment portfolio remain very competitive. The majority of the fund
assets are invested in mut1,1al funds.
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The City administers a Cemetery Trust Fund for the perpetual care and maintenance of
gravesites. Interest earnings from trust assets are transferred out to the Cemetery Fund, where
the maintenance expenditures are paid.
The City also administers a Cemetery Pre-Need Trust Fund for the pre-payment of cemetery
goods such as liners and markers. Monies from this fund are transferred to the Cemetery
Fund when expenses are incurred. Interest earnings from the expendable trust assets are used
to offset any increase in the cost of goods between the time of payment and the purchase of
the goods. Excess interest earnings are transferred to the Cemetery Fund to defray costs of
maintenance.
Debt Administration
At December 31, 2000, the City had a number of debt issues outstanding. These issues
include $14,516,707 of general obligation bonds, both voted and non-voted, $12,220,000 of
revenue and revenue refunding bonds, and $1,179,000 of special assessment bonds. The
City's general obligation bonds have maintained an Aaa rating from Moody's Investor
Service and an AAA rating from Standard & Poor's Rating Group and Fitch Investors
Service, Inc. backed with a municipal bond insurance policy by A..LvIBAC Indemnity
Corporation. Moody's rated the City's most recent issue of revenue bonds Aaa.
Over the last several years the City has obtained Public Works Trust Fund loans to help
finance several major construction projects. These loans are available at very attractive
interest rates, bet\veen 1 % and 3%, depending on the percentage of the project funded by the
City. The outstanding balance of these three loans total $4,699,852. The City is also utilizing
the State Revolving Loan Fund to help finance the expansion of the sewer treatment plant.
The City has drawn $23,386,261 as of December 31, 2000 against the Revolving Loan. These
loans each have a term of 20 years.
Cash Management
The City's investment policy is to mm1m1ze credit and market risk while maintammg a
competitive yield on its portfolio. City funds are invested by fund or on the basis of pooled
cash. All available funds not individually invested are invested as one source leading to
higher interest yield than if invested on an individual fund basis. The cash flow needs of the
City require our investments to be relatively short term in nature. The majority of idle cash is
deposited with the State Treasurer in the Local Government Investment Pool. A smaller
portion of the portfolio is invested in long term (up to five years), U.S. government securities.
The entire investment portfolio is approximately $20;600,000.
Risk Management
The City has an active risk management program that utilizes a combination of in-house staff
and third party administrators to manage the City's risk programs. Toe City utilizes self-
insurance in several areas. The Medical-Dental Fund receives revenues from other funds
based on the medical/dental premiums contributed by the City for each full time employee.
Medical and dental claims are paid from this fund along with administrative costs to Northstar
Administration (a subsidiary of Blue Cross of Washington & Alaska), a third party
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administrator. The City also reimburses the State of Washington Department of Employment
Security for unemployment claims paid.
Ackn ow ledgemen ts
The preparation of this report on a timely basis was made possible by the dedicated service of
the professional accounting staff of the Community and Administrative Services Department.
We wish to express our appreciation to these staff members for their contributions to the
development of this report.
In closing, we would like to thank the members of the City Council for their leadership and
support in planning and conducting the financial affairs of the City in a responsible and
progressive manner.
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Stanley R. Strebel, Director
Community and Administrative Services
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DIRECTORY OF CITY OFFICIALS
.-\s of December 31, 2000
LENGTH OF TERLv1
ELECTED OFFICIALS SERVICE EXPIRES
MAYOR
Michael Garrison 13 12/31/01
COUNCILMEMBERS
Rebecca M. Francik, Mayor Pro Tern 4 12/31/03 .
Charles D. Kilbury 10 12/31/03
Joe Jackson 11 12/31/03
Chris W. Jens en 11 12/31/01
Dan Lathim 9 12/31/01
Carl R. Strode 8 12/31/03
LENGTH IN YEARS OF
ADMINISTRATIVE OFFICIALS POSITION SERVICE
CITY MANAGER
Gary Crntchfield 16 22
PUBLIC WORKS DIRECTOR
Robert J. Alberts 6 6
ADMISTRATIVE & COMMUNITY SERVICES DIR.ECTOR
Stanley R. Strebel 2 2
COMMUNITY DEVELOPMENT DIRECTOR
Richard J. Smith 6 6
FIRE CHIEF
Gregory L. Garcia 6 6
POLICE CHIEF
Denis W . Austin 5 5
MUNICWALCOURTJUDGE
Mary B. Ramirez 14 14
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TOTALS
(Memorandum Only)
2000 1999
s 14,022,599 $ 11,982,112
i98.717 650.009
2.322.129 4,152,107
2.024,422 1,798.648
429,802 37:3,862
1,063.665 960,424
720.768 557,503
715.284 729,271 ,.., 22.097.386 21.Z03,936
2.845.629 2,890.943
8,578.223 8,294,488
1,003.261 930,727
701,022 912,751 ,.., 655,084 426.215
3,604 6,095
2.205.837 2.045,480
4,862.730 8,368,657
785,017 2.130.261
929,472 685,684
22.569,879 26.691 ,301
(472,493) (5,487.365)
120,366 2,264,166
,6,266 59,389
225.000 5,936.857
1,860,839 2,002.495
(2,388.069) (2,435,903)
(155,598) 7.827,004
(628,091) 2,339,639 ,....,
5,803,423 2,585,297
66,267
(120,079) 945,844
(20,559) (68,625)
s 5,034.694 s 5,868,422 ,....
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MCAG NO 0292
CITY OF PASCO. WASHINGTON
COMBINED STATEMENT OF REVENUES, EXPENDITURES ANO CHANGES IN FUND BALANCES
• BUDGET ANO ACTUAL
GENERAL ANO SPECIAL REVENUE FUNDS
For The Year Ended December 31. 2000
REVENUES
Taxes
Licenses & Permits
lntergovermental Revenue
Charges for Services
Fines & Forfeitures
Interest
Miscellaneous
Total Revenues
EXPENDITURES
Current
General Government
Security of Persons & Propeny
Physical Environment
Transportation
Economic Environment
Culture & Recreation
Capital Outlay
Debt Service
Principal
Interest
Total E.,penditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Proceeds of General L• T Debt
Disposition of Fixed Assets
Insurance Recoveries·
Operating Transfers/lnteriund Loans. In (Note 13)
Operating Transfers/lnteriund Loans• (Out) (Note 13)
Total Other Financing Sources (Uses)
Excess (Deficiency) of Revenues and Other Financing
Sources over Expenditures and Other Financing Uses
Fund Balances, January 1
Equity Transfer
Prior period adjustment
Fund Balances, December 31
See Accompanying Notes to Financial Statements.
s
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GENERAL FUND
BUDGET ACTUAL
11,420,460 s 12,487,130
458,100 794,677
754,500 840,197
1,545,800 1,665,431
440,000 403,155
131,520 211,094
354,800 369,524
15,105.180 16,771.208
3,067,280 2,845,629
265,080 257,846
13,200 13,291
483,220 483,053
3,828,780 3,599,819
11,276,400 13,171 ,389
225,000
10,000
26,266
4,000 175,915
4,000 437,181
11,280,400 13,608,570
1,500,000 2,836,517
84,100
12,780,400 s 16.529,187
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E,h,bit 3
VARIANCE
Favorable
(Unfavorable)
s 1,066,670
336,577
85;697
119,631
(36,845)
79,574
14,724
1,666,028
221,651
7,234
(91)
167
228,961
1,894,989
225,000
10,000
26,266
171,915
433.181
2,328,170
1,336,517
84.100
s 3,748.788
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CITY OF PASCO
Notes to Financial Statements
December 3 1. 2000
:'-!OTE 1 -SUM:\IARY OF SIG:'-IFICANT ACCOUNTING POLICIES
The financial statements of the City of Pasco have been prepared in confonniry with generally accepted accounting principals
(GA • ..\.P) as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard-
setting body for establishing governmental accounting and financial reporting principles. The significant accounting policies
are described below.
A. REPORTING ENTITY
The City of Pasco was incorporated on May 4, 1891 and operates under the laws of the State of Washington applicable to
a Non-Charter Code City with a council/manager form of government. As required by the generally accepted accounting
principles the financial statements present the City of Pasco • the primary government -and its component units.
The City is a general purpose government and provides police and fire protection, a municipal court, ambulance services.
engineering, street construction and maintenance, planning and zoning, parks and recreation services, and a public library.
The City also owns and operates a cemetery, a water system, and a sewer system.
B. BASIS OF PRESENTATION -FUND ACCOUNTING
The accounts of the City of Pasco are organized on the basis of funds and account groups, each of which is considered a
separate accounting entity. Each fund is accounted for with a separate set of self-balancing accounts that comprise its
assets, liabilities, fund equity, revenues, and expendirures or expenses, as appropriate. The City's resources are allocated
to and accounted for in individual funds depending on what they are to be spent for and how they are controlled. The
individual funds are summarized by fund type in the financial statements. The following are the fund types and account
groups used by the City:
1. GOVERL~IENTAL FUND TYPES:
All Governmental funds are presented using the flow of current financial resources measurement focus. This means that
only current assets and current liabilities are generally included on their balance sheets. Governmental fund operating
statements focus on measuring changes in financial position, rather than net income; they present increases (revenues and
other financing sources) and decreases ( expenditures and other financing uses) in net current assets. The unreserved fund
balance is a measure of available spendable resources.
General (or Current Expense) Fund
This fund is the general operating fund of the City. It accounts for all financial resources and transactions except
those required to be accounted for in another fund.
Soecial Revenue Funds
These funds account for revenues derived from specific taxes, grants, or other sources, which are designated to
finance particular activities of the City.
Debt Service Funds
, These funds account for the accumulation of resources to pay principal, interest and related costs on ( certain} general
long-term (bonded) debt. ' · · ·
Caoital Projects Funds
These funds account for financial resources, which are designated for the acquisition or construction of general
government capital improvements.
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2. PROPRIETARY FUND TYPES:
Proprietary fi.mds are accounted for on a cost of services or "capital maintenance" measurement focus. This means that
all assets and all liabilities (whether current or non-current) associated with their activity are included on their balance
sheets. Their reported fund equity (net total assets) is segregated into contributed capital and retained earnings
components. Proprietary fund operating statements present increases (revenues and gains) and decreases (expenses and
losses) in net total assets. Proprietary funds disclose cash flows by a separate statement that presents their investing and
financing activities.
Enternrise Funds
These funds account for operations that provide goods or services to the general public and are supported primarily
through user charges or where the governing body has decided that periodic detennination of net income is needed.
Internal Service Funds
These funds account for operations that provide goods or services to other deparnnents or funds of the City or to
other governmental units on a cost-reimbursement basis.
3. FIDUCIARY FUND TYPES:
Fiduciary funds account for assets held by the City on behalf of outside parties, including other governments, or other
funds within the government.
Exuendable Trust Funds
These funds earn revenue and make expenditures on behalf of the parties for which a trust was established. The
entire income and principal ( or corpus) of an expendable trust may be disbursed in the course of its operations;
accordingly, expendable trust funds are accounted for in essentially the same manner as governmental funds.
Nonexoendable Trust Funds
These funds earn revenue on behalf of the parties for which the trust was established, but the principal ( or corpus) of
the trust must remain intact. Nonexpendable trust funds are accounted for in essentially the same manner as
proprietary funds, since capital maintenance is a primary consideration.
Pension Trust Funds
These funds are used to account for the operations of trusts established for employee retirement benefits. They are
accounted for in essentially the same manner as proprietary fund because of the need for determining the periodic
income of the trust.
Agencv Funds
These funds are custodial in nature (assets equal liabilities) and do not involve the measurement of results of
operations.
4. ACCOUNT GROUPS:
The City uses two self-balancing account groups to distinguish between fL'<ed assets and general long-term debt related to
specific funds and those of general government.
General Fixed Assets
This group establishes accounting control over all the recorded fixed assets used in general government operations.
Proprietary and trust funds account for their own fixed assets.
General Long-Term Debt
This group accounts for the outstanding principal of debt of the City not supported by proprietary and trust funds.
This includes special assessment debt for which the government is obligated in some manner, as defined in GASB
statement 6.
26
,..,
C.
,-,
,..,
,..,
..-,
,--,
,....,
BASIS OF ACCOUNTING AND MEASUREMENT FOCUS
The :iccounting :ind financial reporting treatment applied to a fund is determined by its me:isure:nent focus. Al l
go\·emment:il ti.Inds :ind expend:ible trust funds :ire :iccounted for using current tin:incial resources me:isuremem focus.
\Vith this measurement focus. only current :issets and current liabilities generally are included on the balance sheet.
Operating statements of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e ..
expendirures and other financing uses) in net current assets.
All proprietary funds and pension trust funds are accounted for on a cost of services basis. Their measurement focus is on
determination of net income. financial position, and changes in financial position. This means that all assets and liabilities
(whether current or non-current) associated with their activity are included on the appropriate balance sheet. Their
reported fund equity (net total assets) is segregated into contributed capital and retained earnings components.
Proprietary Fund type operating statements present increases (revenues) and decreases (expenses) in net total assets.
Basis of accounting refers to "when" revenues, expenditures or expenses, and transfers -and the related assets and
liabilities -are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the
timing of the measurements made, regardless of the measurement focus applied.
The City's basic accounting structure, including its Chart of Accounts and account coding format, is mandated by the
State of Washington's Budgeting, Accounting and Reporting System (BARS) and its use is enforced by the Office of the
State Auditor through annual audits. The City reports on the calendar year basis and employs a double entry modified
ac crual system for all fund categories with the exception of Proprietary and Pension Trust Funds requiring full accrual
accounting.
Accrual Basis of Accounting
Proprietary and Pension Trust Funds are accounted for on the accrual basis of accounting. Revenues are recognized in the
accounting period in which they are earned and become measurable, and expenses are recognized in the period when the
related liability is incurred.
Modified Accrual Basis of Accounting
Governmental Funds and Agency Funds are accounted for on the modified accrual basis of accounting. Revenues and
other governmental fund resources are recognized in the accounting period in which they become susceptible to accrual -
that is, when they become both measurable and available to finance expenditures of the fiscal period. "Available" means
collectible within the current period or soon enough after to be. used to pay liabilities of the current period. Expendimres
are recognized when the related fund liability is incurred.
The modified accrual basis differs from the accrual basis in the following ways:
1: Purchases of capital assets are considered expendirures .
2. Redemption's of long-term debt are considered expendirures when due.
3. Revenues are recognized only when they become both measurable and available to finance expenditures of the
current period. Note (1-F) identifies which revenue sources have been treated as suscepnole to accrual.
Revenues that are measurable but not available are recorded as receivable and offset by deferred revenues.
4. Inventories and, prepaid items are reported ::is expenditures when consumed or purchased.
5. Interest on long-term debt is not accrued but is recorded as an expenditure when due.
6. Accumulated unpaid vacation, sick pay, and other employee benefits are considered expenditures when paid or
expected to be liquidated with expendable available financial resources.
27
. ·-···'\•.
D. BUDGETS AND BUDGETARY ACCOUNTING
l. Scooe of Budget
Annual appropriated budgets are adopted for the general and special revenue funds :md for all proprietary funds on
the modified accrual basis ot' accounting. For governmental funds, there are no differences between the budgetary
basis and generally accepted accounting principles. Budgetary accounts are integrated in fund ledgers for all
budgeted funds, but the financial statements include budgetary comparisons for annually budgeted governmental
funds only. Budgets for debt service and capital project funds are adopted at the level of the individual debt issue or
project and for fiscal periods that correspond to the lives of debt issue or projects. Since these funds are not
budgeted on an annual basis, budgetary comparisons are not presented. NCGA Statement 1 does not require, and the
financial statements do not present, budgetary comparisons for proprietary fund types.
Annual appropriated budgets are adopted at the level of the fund, except in the general fund, where expenditures may
not exceed appropriations at the department level and the budgets constitute the legal authority for expenditures at
that level. Subsidiary revenue and expenditure ledgers are used to compare the budgeted amounts with actual
revenues and expenditures. As a management control device, the subsidiary ledgers monitor expenditures for
individual functions and activities by object class.
Appropriations for general and special revenue funds lapse at year-end, except for appropriations for capital outlays,
which are carried forward from year to year until fully expended or the purpose of the appropriations has been
accomplished or abandoned.
2. Procedures for Adouting the Original Budget
The City's budget procedures are mandated by RCW 35A.33. The steps in the budget process are as follows:
a. Prior to the first Tuesday in November, the City Manager submits a proposed budget to the Council. This
budget is based on priorities established by the Council and estimates provided by departments during the
preceding months, and balanced with revenue estimates made by the Finance Manager.
b. The Council conducts public hearipgs on the proposed budget in November and/or December.
c. The Council makes its adjustments to the proposed budget and adopts by ordinance a final balanced budget no
later than December 31.
d. Within 30 days of adoption, the final budget is available to the public.
, Amending the Budget
The City Manager is authorized to transfer budgeted amounts between departments within any fund; however, any
revisions that alter the total expenditures of a fund, or that affect the number of authorized employee positions, salary
ranges, hours, or other conditions of employment must be approved by the City Council.
When the City Council determines that it is in the best interest of the City to increase or decrease the appropriation
for a particular fund, it may do so by ordinance approved by a one more than the majority after holding one public
hearing. ·
The budget amounts shown in the financial statements are the final authorized amounts as revised during the year.
E. ENCUMBR~NCE ACCOUNTING
For Purposes of budgetary control, the City utilizes an encumbrance procedure through an automated centralized
purchasing system Encumbrances are recorded when items or services are requisitioned (based upon estimated or known
costs). When payment occurs, the encumbered value is reversed and the actual cost is recorded. Encumbrances
outstanding at year-end are canceled and must either be re-budgeted in the ensuing year or absorbed in the established
28
,....
,....,
Jppropriations of the ensuing ve:ir. The outstanding encumbrances Jt December 31. :WOO are not reservJtions of fund
balance and are not recorded -a~ expenditures unless susceptible to Jccrual.
F. .-\SSETS. LIABILITIES AND EQUITY
I. Cash and Equivalents
2.
3.
It is the City's policy to invest all temporary cash surpluses. At December 31, 2000, the treasurer was holding
:S 19.6 I 0.332 in short-term residual investments of surplus cash. This amount is classified on the balance sheet as
Cash and Imprest cash in various funds. The interest earnings on these investments is prorated to the various fund:;
based on cash balances.
For purposes of the Statement of Cash Flows, the City considers ail highly liquid investments (including restricted
assets) with a maturity of three months or less when purchased to be cash equivalents.
Temoorarv Investments -See Note 3.
Receivables
Taxes receivable consists of property, gambling, and utility taxes. (See Note 4.) Accrued interest receivable consists
of amounts earned on investments, notes, and contracts at the end of the year.
Special assessments are recorded when levied. Special assessments receivable consist of current and delinquent
assessments. Deferred assessments consist of unbilled special assessments that are liens against the property
benefited. As of December 31, 2000, $123,814 of special assessments receivable were delinquent.
Customer accounts receivable consists of amounts owed from private individuals or organizations for goods and
services. Notes and contracts receivable consists of amounts owed on open accounts from private individuals or
organizations for goods and services rendered.
4. Amounts Due to and from Other Funds: Interfund Loans and Advances Receivable
These accounts include all interfund receivables and payables. A separate schedule of interfund loans receivable and
payable is furnished in Note 13. Long-term interfund loans receivable are reported as advances and are offset equally
by a fund balance reserve account which indicates that they do not constitute expendable available financial resources
and therefore are not available for appropriation.
5. Amounts Due to and from Other Governmental Units
These accounts include amounts due to or from other governments for grants, entitlements, temporary loans, taxes
and charges for services. ·
6. Inventories
Inventories in governmental funds consist of expendable supplies held for consumption. The cost is recorded as an
expenditure at the time individual inventory items are purchased. The reserve for inve ntory is equal to the ending
amount of inventory to: indic.ate that a portion of the fund balance is not available: for future expenditures. A
comparison to marker value is not considered necessary.
Inventories in proprietary funds are valued using a floating average of costs for each item.
7. Restricted Assets and Liabilities
These accounts contain resources for construction, debt service, and customer deposits including current and special
assessments receivable, in enterprise funds. The current portion of related liabilities are shown as Pavables from
Restricted Assets. Specific debt service requirements are descnbed in Note 10.
29
The restricted assets of c::nterprise funds are composed of the following:
Cash and Investments -Debt Service
C1sh Deposits
Total Restricted Assets
8. Fixed Assets and Deoreciation -See Fixed Assets Note 6.
9. Other Prooertv and Invesnnents -See Investments Note 3.
10. Other Assets and Debits
S 1.237,466
23,35-1-
Sl 265,820
These accounts reflect future resources needed to retire general long-term principal and amounts currently available
in debt service or other funds to retire general long-term debt.
11 . Custodial Accounts
This account reflects the liability for net monetary assets being held by the City in its trustee or agency capacity.
12. Comoensated Absences
Compensated absences are absences for which employees will be paid, such as vacation and sick leave. In
governmental (and similar trust) funds, compensated absences that are expected to be liquidated \'\,;th expendable
available financial resources are reported as an expenditure and fund liability in the fund that will pay for them. The
remainder of compensated absences liability is reported in the General Long-Term Debt Account Group. In
proprietary and internal service funds, compensated absences are recorded as an expense and liability of the fund that
will pay for them.
Vacation pay, which may be accumulated up to 36 days, is payable upon resignation, retirement or death. Sick leave
may accumulate up to 960 hours. Twenty-five percent of outstanding sick leave (using a maximum of 720 hours) is
payable upon resignation, retirement or death.
13. Other Accrued Liabilities
These accounts consist of accrued wages and other accrued employee benefits.
14. Long-Term Debt -See Long-Term Debt Note 10.
15. Deferred Revenues
This account includes amounts recognized as receivables but not revenues in governmental funds because the
revenue recognition criteria has not been met. (See Note 1-C.)
16. Other Credits
This account is used to account for gairiG that will;be amortized oyer succeeding fiscal periods in proprietary funds.
17. Contributed Caoital -See Fund Eauitv Note 14 B.
18. Fund Reserves and Designations -See Fund EguitvNote 14.
30
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,....,
,..., .
G. REVENUES. EXPENDITURES AND EXPENSES
Under the modiri<ed-accrual basis of accounting:
Charges for services. interest on invesanents. and rents are generally considered me:isurable and available when
e:imed in governmental funds.
Taxes and federal or state entitlements or shared revenues that have been collected but not remitted by an
intermediary collection agency to the City are considered measurable and available.
Special assessments are considered measurable and available when they become current.
Grants are considered measurable and available to the extent that expenditures have been made. Other
intergovernmental revenues are considered measurable and available when earned.
Interfund revenues for goods and services are considered measurable and available when earned.
Proceeds from refunded debt are recognized as other financing sources (payment out of proceeds of refunding bonds)
and the amount remitted to the refunding trustee is recognized as other financing uses and expenditures (payment
from other sources).
Proceeds from the sale or loss of fixed assets are recognized as other financing sources.
All other revenues are either not measurable or considered not available until collected.
Expenditures are generally recognized when incurred. (See Note 1-C.)
Under the full accrual basis of accounting:
Revenues are recognized when earned, if measurable, and expenses are recognized when incurred, if measurable.
H. TOTAL COLIDINS ON COMBINED STATEMENTS
l. Memorandum Onlv -Total Columns
2.
Total columns on the general purpose financial statements are captioned "Memorandum Only" to indicate that they
are presented only to facilitate financial analyses. Data in these columns do not present financial positi_on, results of
operations or changes in financial position in conformity with generally accepted accounting principles. Neither are
such dat:i comparable to a consolidation. Adjustments to eliminate interfund transactions have not been made in the
aggreg:ition of this data.
Comparative Data
Comparative total data for the prior year have been presented in the accompanying financial statements in order to
provide an understanding of changes in the City's financial position and operations. However, comparative data have
not been presented in all statements because their inclusion would make certain statements unduly complex and
difficult to understand. ;
NOTE 2 -STEWARDSHIP, COMPLIAi'l'CE .~"'l'D ACCOUNTABILITY
There have been no material violations of finance-related legal or contractual provisions, and there have been no expenditures
exceeding legal appropriations in any of the funds of the City. An explanation of deficit fund balances or retained earnings is
provided at Note 14.
31
NOTE 3 -DEPOSITS AND INVESTMENTS
DEPOSITS
The Cicy·s deposits and certificates of deposit are covered by federal depository insurance (FDIC) or by collateral held in
a multiple financial institution collateral pool administered by the Washington Public Deposit Protection Program
(PDPC).
INVESTMENTS
As required by state law, all investments of the City's funds (except as noted below) are obligations of the U. S.
Government, U. S. agency issues, obligations of the State of Washington, general obligations of Washington State
municipalities, the State Treasurer's Investment Pool, or certificates of deposits with Washington State banks and savings
and loan institutions. Investments of (pension/nonexpendable) trust funds are not subject to the preceding limitations. All
temporary invesnnents are stated at purchase price.
The City's investments are categorized to give an indication of the risk assumed at year-end. The following summary
shows the City's investments at year end categorized by risk. Category 1 includes investments that are either insured or
registered and held by the City or its agent in the City's name. Category 2 includes uninsured and unregistered
investments which are held by the counterparty's trust department or agent in the City's name. Category 3 includes
uninsured and unregistered investments for which the securities are held by the counterparty, or its trust department or
agent, but not in the City's name. The City's invesnnents at December 31, 2000 are as follows:
U.S. Government Securities
Federal Agency Securities
Certificates of Dep.
Mutual Funds
Total
S 50,759
901,945
1,000,000
0
5 l 952 704
Investments not subject to. Categorization:
Invesanent in State Treasurer's Investment Pool
Savings Accounts
Total Investments
NOTE 4 -PROPERTY TAXES
CATEGORY
S 0
0
0 __ o
S 0
0
0
l.088.746
S O $ l 088 746
FAIR MARKET
TOTAL VALUE
s 50,759 $ 242,132
901,945 901,945
1,000,000 1,000,000
1.088 746 1.939.127
s 3,041,450 s 4,083,204
17,692,105 17,692,105
l.016,287 1.016.1 87
S 21,749,837 S ?7 79] 521
The County Treasurer acts as an agent to collect property taxes levied in the County for all taxing authorities. Collections are
distributed after the end of each month.
·January 1
February 14
April30
May31
Propertv Tax Calendar
Taxes Je..,ied and become an enforceable lien
against properties.
Tax bills are mailed.
First of two equal installment payments is due.
Assessed value of property established for next
year's levy at I 00 percent of market value.
32
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October 31 Second installment is due.
Property taxes are recorded as a receivable when levied, offset by deferred revenue. During the year, property tax revenues
are recognized when cash is collected. At ye:ir-end, property ,:ix revenues :ire recognized for expected to occur within 60
days. No allowance for uncollectible taxes is established because delinquent taxes are conside::ed fully collectible.
The City may levy up to $3 .60 per $ I ,000 of assessed valuation for general governmental services, subject to two
limitations:
a. Washington State law in RCW 84.55.010 limits the growth of regular property taxes to 6 percent per year, after
adjustments for new construction. If the assessed valuation increases by more than 6 percent due to revaluation,
the levy rate will be decreased.
b. The Washington State Constitution limits the total regular property taxes to I percent of assessed valuation or $10
per $1,000 of valuation. If the taxes of all districts exceed this amount, each is proportionately reduced until the
total is at or below the I percent limit.
The City's general levy for 2000 was $3 .0708 per $1,000 on an assessed valuation of $951. 7 million for a total regular levy of
$2,923,906.
,...., NOTE 5-INTERGOVERNMENTAL GRANTS AL'ID ENTITLEMENTS
,...,
,...,
,.
The accompanying Schedule of Financial Assistance (Schedule 16) provides a listing of all federal and state (and interlocal)
assistance programs in which the City participates and summarizes the City's grant transactions for 2000.
NOTE 6 -FIXED ASSETS AND DEPRECIATION
A. General Policies
B.
Major expenditures for fixed assets, including capital leases and major repairs that increase useful lives, are capitalized.
Maintenance, repairs, and minor renewals are accounted for as expenditures or expenses when incurred.
All fixed assets are valued at historical cost or estimated cost where historical cost is not known.
The City of Pasco has acquired certain assets with funding provided by federal financial assistance programs.
Depending on the term of the agreements involved, the federal government could retain an equity interest in these assets.
However, the City has sufficient legal interest to accomplish the purposes for which the assets were acquired, and has
included such assets within the applicable account group or fund.
General Fixed Assets
General fixed assets are long-lived assets of the City as a whole. When purchased, leased. or constructed, such assets are
recorded as expenditures in the governmental funds and capitalized in the general fixed assets account group. No
depreciation has been provided on general fixed assets, nor has interest been capitalized.
General fixed assets purchased or constructed from special assessment funds, and all infrastructure assets such as roads,
bridges, curbs, and sidewalks, are considered public property and are not accounted for in the general fixed assets
account group. A summary of general fixed assets follows:
33
Equity in Joint Ventures
Land
Buildings & Strucrures
Improvements
Machinery & Equipment
Work-in-Progress
Total
C. Proprietary Fund Fixed Assets
Balance
Jan. l,
2000
$ 51,69 I
1,271,670
14,264,616
4,013,042
1,609,098
4.614.772
$ 25 824,882
Additions
$ 17,373
8 I ,662
2,361,102
3,539,278
141,817
1.373.561
$ 7 514 723
Fixed assets of proprietary funds are capitalized in their respective balance sheets.
Ba(an~e
Dec. 31 ,
Deletions 2000
$ 0 $ 69,064
0 1.353,332
356,616 16,269,102
200,652 7,351,668
160,908 1.590,007
5.948.902 39.431 ·
$6 667 Q78 $ 26,672,604
During 2000, the city capitalized $2,114,847 of interest costs for funds borrowed to · finance the construction of
proprietary fund fixed assets.
Depreciation expense is charged to operations of proprietary funds to allocate the cost of fixed assets over their
estimated useful lives, using the straight-line method with useful lives of 2 to 50 years.
A summary of proprietary fixed assets follows:
Water/Sewer Fund
Land
Source of Supply
Pumping Plants
Treatment Plants
Transmission, Distribution And Collection Lines
General Plant Assets
W. Pasco Water System
Plant Acquisition
Industrial Waste Water Plant
Work-In Process
Total
Equipment Rental Replacement
Equipment and Machinery
NOTE 7 -PENSION PLANS
Balance
Dec 31,
2000
$ 92,238
326,976
8,367,227
7,354,356
28,166,679
23,364,945
1,319,912
700,961
13,783,177
2,081.637
$ 85,558, 1 Q8
Balance
Dec 31,
2000
$4,018,600
Accumulated
Depreciation/
Amortization
$ 0
179,085
979,593
2,982,504
8,828,635
3,005,950
618,580
210,288
899,056
0
$ 17 703 691
Accumulated
Deureciation
$1,666,728
Net
Balance
$ 92,238
147,891
7,387,634
4,371,852
19,338,044
20,358,995
701,332
490,673
12,884,121
2.081.63T
$ 67 854,417
Net
Balance
$2,351,872
Substantially all City of Pasco full-time employees and qualifying part-time employees participate in one of the following
statewide local government retirement system administered by the Washington State Department of Retirement Systems,
under cost-sharing, multiple-employer public employee retirement plans. The Department of Retirement Systems (DRS), a
department within the primary government of the State of Washington, issues a publicly available comprehensive annual
financial report (CAFR) that includes financial statements and required supplementary information for each plan. This CAFR
may be obtained from the Department of Retirement Systems, Administrative Services Division, P.O. Box 48380, Olympia,
34
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,....,
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\VA 98504-8380. The following disclosures Jre m:ide pursuant to GASB Statement 27, Accounting for Pensions hy State and
local Covemme,r/ Employers.
.-\.. Public Employees' Retirement System (PERS) Plans 1 and 2
Plan Description
PERS is a cost sharing multiple employer defined benefit pension plan. Membership in the plan includes elected
officials; state employees: employees of the Supreme, Appeals, and Superior courts ( other than judges in a judicial
retirement system); employees of legislative committees; college and university employees not in national higher
education retirement programs; judges of districts and municipal courts; non-certificated employees of school districts:
. and employees of local governments. The PERS system includes two plans. Participants who joined the system by
September 30. I 977, are Pl:ln I members. Those joining thereafter are enrolled in Plan 2. Retirement benefits are
financed from employee and employer contributions and investment earnings. Retirement benefits in both Plan I and
Plan 2 are vested after completion of five years of eligible service.
Pl::m 1 members are eligible for retirement at any age after 30 years of service, or at the age of 60 with 5 years of service,
or at the age of 55 with 25 years of service. The annual pension is two percent of the final average compensation per year
of service, capped at 60 percent. The average final compensation is based on the greatest compensation during any 24
eligible consecutive compensation months. If qualified, after reaching age 66 a cost-of-living allowance is granted based
on years of service credit and is capped at three percent annually.
Plan 2 members may retire at the age of 65 with five years of service, or at age 55 with 20 years of service, with an
allowance of two percent per year of service of the average final compensation. Plan 2 retirements prior to 65 are
actuarially reduced. There is no cap on years of service credit and a cost-of-living allowance is granted, capped at three
percent annually.
There are 1,205 participating employers in PERS. Membership in PERS consisted of the following at December 31,
1999:
Retirees and Beneficiaries Receiving Benefits
Terminated Plan Members Entitled To But Not Yet Receiving Benefits
Active Plan Members Vested
Active Plan Members Nonvested
Total
Funding Policv
59,280
16,133
122.795
73 587
271,795
Each biennium, the State Pension Funding Council adopts Plan l employer contribution rates and Plan 2 employer and
employee contribution rates. Employee contribution rates for Plan l are established by statute at six percent and.do not
vary from year to year. The employer and employee contribution rates for Plan 2 are set by the director of the
Department of Retirement Systems based on recommendations by the Office of the State Actuary to continue to fully fund
the plan. All employers are required to contribute at the level established by state law. The methods used to determine
the contribution rates are established under state statute in accordance with Chapters 41 .40 and 41.45 RCW.
The required contribution rates expressed as a percentage of current year covered payroll, as of December 31, 2000 were:
Employer
Employee
4.67%
6.00%
PERS Plan 2
4.67%
2.43%
* The employer rates do not include the employer administrative expense fee currently set at 0.19%.
Both the City and the employees made the required contribution. The City's required contributions for the years ended
December 31, were:
35
PERS Plan I PERS Pl::in 2
2000 :536, 708 :5176.916
1999 46.607 233 . .396
1998 52,497 268 . .380
1997 56,520 274.043
B. Law Enforcement Officers and Fire Fighters (LEOFF) Plans 1 and 2
Plan Descriotion
LEOFF is a cost-sharing multiple employer defined benefit pension plan. Membership in the plan includes all full time.
fully compensated, local law enforcement ot1icers and fire fighters. LEOFF is comprised solely of nonstate employees.
The LEOFF system includes two plans. Participants who joined the system by September 30, 1977 are Plan 1 members.
Those joining thereafter are enrolled in Plan 2. Retirement benefits are financed · from employee and employer
contributions, investment earnings, and state contributions. Retirement benefits in both Plan 1 and Plan 2 are vested after
completion of five years of eligible service.
Plan I participants are eligible to retire with five years of service at age 50. The benefit per year of service is as follo\vs.
with a cost-of-living allowance granted, capped at 3 percent annually:
Term Of Service
20 or more years
l O but less than 20 years
5 but less that l O years
Percent Of Final Average
2.0%
1.5%
1.0%
Plan 2 members are eligible to retire at age 50 with 20 years of service, or at age 55 with five ye::irs of service. Retirement
benefits prior to age 55 are actuarially reduced. The benefit is two percent of average salary per year of service. The
average salary is based on the highest consecutive 60 months. Tnere is no cap on ye::irs of service credit and a cost-of-
living allowance is granted, c::ipped at three percent annually. ·
There are 356 panicipating employers in LEOFF. Membership in LEOFF consisted of the following at December 31,
1999:.
Retirees and Beneficiaries Receiving Benefits
Terminated Plan Members Entitled To But Not Yet Receiving Benefits
Active Plan Members Vested
Active Plan Members Nonvested
Total
Funding Policv
7,723
256
10,305
4.151
22,435
Plan 1 employer and employee contribution rates are established by statute at six percent and the State is responsible for
the balance of the fonding at rates set by the Pension Funding Council to fully amortize the total costs of the plan.
Employer and employee rates for Plan 2 are set by the director of the Depanment of Retirement Systems based on
recommendations by the Ot1ice of.the State Actuary to continue to fully fund the plan. Plan 2 employers and employees
are required to contribute at the level required by state law. The methods used to determine the contribution rates are
established under state statute in accordance with Chapters 41.26 and 41.45 RCW.
36
Following is the ten year historical data of Revenues :md Expendirures. ' ,
Fire Pension Historic::il Data
2000 1999 1998 1997 1996 1995 1994 1993 1992 199!
Revenues
Interest Inc. $315,653 $287,562 $266,381 $218,677 $163,287 $90,874 $84,139 $77,537 $89,062 $115,557
Intergov't. 17.576 30.890 20.380 22.863 27 241 20.909 23.161 19 .531 I 7.594 12.625
Total Revenues 333,229 318.452 286.76 l 241.540 190.528 111.783 107.300 97.068 l 06.656 128.182
Expenditures
Personal Serv. 80.769 79.38 I 73.702 67.175 69.118 67.183 65.400 63.040 62.470 59. 182
NOTE 8-DEFERRED COMPENSATION PLAN
The City offers its employees a deferred compensation plan created in accordance with IRS Code 457. This plan is with the
International City Management Association. All assets and income of this plan are held in trust for the exclusive benefit of the
participants and their beneficiaries, therefore, the City no longer reports its Deferred Compensation Plan as a Fiduciary Fund.
NOTE 9-RJSK MANAGEMENT
The City maintains insurance against most normal hazards except for unemployment insurance and automobile collision where
it has elected to become self-insured.
For unemployment claims, the City is on a I 00% reimbursable program with the State where the City pays all unemployment
claims charged against it.
The City is a member of the Washington Cities Insurance Authority (WCIA).
Utilizing Chapter 48 .62 RCW (self-insurance regulations) and Chapter 39.34 RCW (Interlocal Cooperation Act), nine cities
originally formed WCIA on January I, 198 I. WCIA was created for the purpose of providing a pooling mechanism for jointly
-purchasing insurance, jointly self-insuring, and / or jointly contracting for risk management services. WCIA has a total of 96
members.
New members initially contrnct for a three-year teIT11, and therenfter automatically renew on an annual basis. A one-year
withdrawal notice is required before membership cnn be terminated. Termination does not relieve a former member from its
unresolved loss history incurred during membership.
Liability coverage is written on an occurrence basis, without deductibles. Coverage includes general, automobile, police
professional, public officials' errors and omissions, stopgnp, and employee benefits liability. Limits are $1 million per
occurrence in the primary layer, $2 million per occurrence, subject to a $12 million annual aggregate, in the excess layer, and
$11 million per occurrence in the second excess layer with no annual aggregate except $10 million per member for public
officials errors and omissions. The second excess layer is insured by the purchase of reinsurance. Total limits are$ 14 million
per occurrence. The Board of Directors deterr.lines the limits and terms of coverage annually.
Insurance coverage for property, automobile physical damage, fidelity bonds, inland marine, and boiler and machinery are
purchased on a group basis. Various deductibles apply by type of coverage. Property insurance and auto physical damage are
self-funded up to $25,000 and insured above that amount by the purchase of reinsurance.
In-house services include risk management consultation, loss control field services, claims and litigation administration, and
loss analyses. WCIA contracts for the claims investigation consultants for personnel issues and land use problems, insurance
brokerage and lobbyist services.
38
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,.,
. ,
,...,
WCIA is fully funded by its members, who make annual assessments on a prospectively rated basis, as detennined by an
outside, independent acruary. The assessment covers loss, loss adjustment, and administrative expenses. As outlined in the
interlocal, WCIA retains the right to additionally :issess the membership for any funding shortfall.
An investment committee, using investment brokers, produces additional revenue by investment of WCIA's assets in financial
instruments which comply with :ill State guidelines. These revenues directly offset portions of the membership· s assessment.
A Board of Directors governs WCIA. which is comprised of one designated representative from each member. The Board
elects an Executive Committee :ind appoints a Treasurer to provide general policy direction for the organization. The WCLA..
Executive Director reports to the Executive Committee and is responsible for conducting the day to day operations of WCIA.
Fire and employee fidelity insurance is purchased through commercial insurance brokers.
The City is self-insured for medical and dental coverage for its employees. A third party administrator, NCAS-Northwest, Inc,
processes all claims for reimbursement. The third party administrator provides utilization management services and requires
pre-authorization for all non-emergency hospital confinements. It is the City's policy to maintain at least four months of
average monthly claims in cash reserves. To limit the exposure for large claims, the City purchases individual stop-loss
coverage from a commercial insurance carrier that limits the City's exposure for claim losses to $50,000 per individual or
$725,000 aggregate per year.
NOTE 10-LONG-TERM DEBT AND CAPITAL LEASES
A. Long-Term Debt
The City issues general obligations and revenue bonds to finance capital improvements such as bridges, streets, municipal
buildings and enterprise facilities such as water and sewer utilities. Bonded indebtedness has also been entered into to advance
refund general obligation and revenue bonds. General obligation bonds have been issued for both general government and
proprietary activities and are being repaid from the applicable resources. Proprietary fund revenues are used to repay revenue
and refunding bonds.
The annual requirements to amortize outstanding debt, including interest and capital lease payments, are as follows:
Utility
General Revenue/ Other Other Special
Obligation Refunding General Utility Assessment Total
Bonds Bonds Debt Debt Debt Debt
2001 $ 5,267,240 $ 1,197,439 $ 135,321 · $ 2,054,889 $ 288,513 $ 8,943,401
2002 849,465 1,200,434 134,093 2,050,806 286,700 4,521,498
2003 880,349 1,119,107 134,799 2,047,126 274,128 4,532,507
2004 908,393 1,194,436 135,278 2,043,446 261,320 4,542,873
2005 698,298 1,198,874 133,421 2,039,766 73,278 4,143,635
Thereafter 6.366,8 I 9 I 1.195,871 1.049.008 27,113.025 194.494 45,919,219
Totals S 14,270 564 S 17 183,161 $ 1 7? l 2?Q S 37 342 Q58 $ 1 378 430 S 72,6Q3,133
In proprietary funds, unamortized debt issue costs are recorded as deferred charges and bonds are displayed net of
premium or discount; annual interest expense is decreased by amortization of debt premium and increased by the
amortization of debt issue costs and discount.
At December 31, 2000, the City has $77,672 available in the debt service funds to service the general bonded debt, which
is not unusual because the major portion of debt service is paid out towards the end of the year. Restricted assets in
proprietary funds contain $1,237,466 in sinking funds and reserves as required by bond indentures.
39
B. Changes in General Long-Term Debt Account Group ' T
During the year ended December 3 1, 2000, the following -:hanges occurred in liabilities reported in the General Long
Term Debt Account Group:
Compensated Absences
General Obligation debt
Totals
C. Other Debt
Balance
01/01/00
$ 1,016,570
14.725,000
$15,741 57Q
Additions
$ 32,197
206 707
$ 238,2Q4
Balance
Reductions 12/31/00
$ 0 $ 1,048,767
415.000 14.516.707
$ 415 Q0O $ 15 565 474
In addition to Water and Sewer Revenue Bonds and Revenue Refunding Bonds, the City has loans outstanding through
the State Department of Ecology State Revolving Loan Fund program. The current loan amount totals $23,386,261. The
City expects to begin paying debt service on the SRF Loans in the year 2000 through rates and charges. The City has
used the money obtained from the SRF Loans to upgrade the City's wastewater treatment facility, construct an interceptor
and station serving West Pasco, and an interceptor serving the eastern part of the central business district. The loan is for
a term of twenty years and bears interest at 3.5% per annum. The interest rate may be adjusted pending funher loans.
The City also has Washington State Public Works Trust Fund loans outstanding. This debt is subordinate to the Bonds,
outstanding Parity Bonds and the SRF Loan.
NOTE 11 -CONTINGENCIES AND LITIGATION
The City has recorded in its financial statements all material liabilities, including applicable estimates for situations that are
not yet resolved but where, based on available information, management believes it is probable that the City will have to make
payment. In the opinion of management, the City's insurance policies and/or self-insurance reserves are adequate to pay all
known or pending claims.
The City participates in a number of federal and state assisted programs. These grants are subject to audit by the grantors or
their representatives. Such audits could result in requests for reimbursements to granter agencies for expenditures disallowed
under the terms of the grants. Other than the instances described above, City management believes that such disa!lowances, if
any, will be immaterial.
NOTE 12 -COMMIThlENTS
Pension commitments are discussed in Note 7. Other employee benefit cornminnents are discussed in Note 1-F-12. Capital
leases are discussed in Note 10-B.
NOTE 13 -INTERFUND TRANSACTIONS AND BALANCES
A. Classification of Interfund Transactions
Interfund transactions are classified as follows:
1. Transactions that would be treated as revenues, expenditures or expenses if they involved external organizations,
such as buying goods and services or payments in lieu of taxes, are similarly treated when they involve other funds
of the City. ·
2. Transfers to support the operations of other funds are recorded as "Operating Transfers" and classified with "Other
Financing Sources or Uses".
40
r
,...,
,..,
4 .
Contributions to the:: capital of enterprise or internal service funds, (transfers betwc::c::n those:: funds and the general
fixed assets account group) transfers to establish or reduce working capital in other funds. ;ind transfers of
remaining balances when funds are closed, are cbssified as residual equity tr;insfers and repon:ed as direct
additions to or deductions from fund equity.
Loans bc::tween funds :ire classified as Interfund loans receivable and payable or as advances to Jnd from other
funds on the combined balance sheet depending on the time period for which the loan w;is made. Interfund loans
do not affect total fund equity, but advances to other funds are offset by a reservation of fund equity.
The following table displays Interfund loans/advances activity during 2000:
Interfund Loans/ Advances Pavable
Borrowing Lending Balance Balance
Fund Fund 1/1/00 New Loans Pavments 12/31 /00
150 010 $ 0 $ 72,200 $ ·o $ 72,200
160 515 0 200,000 0 200.000
191 010 616,600 150,100 0 766,700
195 010 500,000 137,500 0 637,500
721 620 31,700 0 17,700 14,000
725 010 0 80.960 0 80.960
S 1,148.30Q $ 64Q,760 S 17 7QQ S l,771,36Q
NOTE 14 -FUND EQUITIES
A. Governmental Fund Types
Reservations of Fund Balance
Fund balance in governmental fund types is reserved for two purposes: ( 1) \Vhere certain amounts are legally committed
for specific furure uses, such as outstanding purchase orders ( encumbrances), continuing appropriations, capital projects,
or debt service; and (2) where assets are not available for appropriation, because they have been expended as inventories
or prepayments.
B. Proprietary Fund Types
Contributed Capital
Contributed capital in internal service funds records the amounts of working capital and fLxed assets received from other
funds.
Contributed capital in enterprise funds consists of contributed fixed assets or contributions for fixed asset acquisition from
other fund s, goverrur:ents, customers, developers and other sources. Contribution in the Watet."Sewer Fund is a~ortized
off on a basis of the percentage relationship of contributions to utility plant assets. When closing the depreciation
expense account, the percentage applicable to contributions is charged to the contributions account, the remaining amount
is charged to retained earnings.
41
The follo\ving is a schedule of Contributed (Jpital at December 31, 2000.
Bt!ginning 2000 2000 Ending
Source Balance Contributions Amortiz:ition Balance
Municipal $ 4.654,526 $ 497,144 $ 108.807 s 5.042.863
Customers 4,910,957 527,304 114.859 5.323,402
lntergovemmental. 4,295,646 0 90.727 4.204.919
S 13,861,122 $ l,Q24,448 $314~93 SH jil,184
Reservations of Retained Earnings
Retained earnings in proprietary fund types are generally reserved to indicate that a portion of retained e:irnings has been
externally restricted for specific purposes. The amount reserved equals total restricted assets except for amounts intended
for payment of current payables and construction projects.
C. Designated Fund Balances and Retained Earnings
This category is used to set aside fund equity when City management has plans or tentative commitments to expend
resources for certain purposes in future periods. Further legal action will be required to authorize the actual expenses or
expendirures.
D. Negative Fund Balances and Bank Overdrafts
The following funds report a negative fund balance and/or a bank overdraft at December 31, 2000.
Community Development Block Grant
Cemetery
T.R.A.C. Development & Operation
Stadiunv'Convention Center
Equipment Rental Operations
Central Stores
LLD. Construction
L.I.D. Assessments
Note:
Fund Balance
$ 95 ,336
(235,449)
(747,364)
(628,352)
(15,536)
1,471
(2,276,859)
(310,100)
Cash Balance
S (284,887)
(29,545)
19,336
11,303
5,751
(15,166)
(2,246,824)
415,091
The LLD. Construction Fund is used to track the expenditures for various Local Improvement District projects. Once
each project is completed and financing is obtained, funds are transferred into the fund to cover total project
expenditures.
NOTE 15 -JOINT VENTURES
A. Bi-Countv Police Information Network . '
The Bi-County Police Information Network (BI-PIN) was established November 24, 1982, when an Interlocal Agreement
was entered into by five participating municipal corporations, the cities of Kennewick, Pasco, and Richland, and Benton
and Franklin Counties. BI-PIN was established to assist the participating police and sheriffs departments in the
deterrence and solution of criminal incidents. BI-PIN is served by an Executive Committee composed of the City
Manager of each of the cities and a member from each of the Boards of County Commissioners of Benton and Franklin
Counties. A liaison from the Bi-County Chiefs and Sheriffs is an ex officio, non-voting member.
The allocation of financial participation among the participating jurisdictions is based upon the approved budget for that
year and is billed quarterly in advance to each agency. On dissolution of the Interlocal Agreement, the net assets will be
shared based upon participant contribution.
42
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Effc:c,ivc: January l. 1992. the: City of Kc:nnewick assumed responsibility for the operation of the B 1-PIN system . .-\s the
Oper::iting Jurisdiction. the City provides all necessary support services for the oper:ition of BT-PIN such as accounting.
leg::il servicc:s. risk man:igc:ment :ind information systems. In addition, the City issued :in inst:illmc::nt note to Bl-PIN in
199] for its share of costs associated with the upgrade of computer equipment :ind rel:ited sothvarc::. Bl-PIN reimburses
the City for these services.
The City of Pasco's equiry interest in Bl-PIN was $26.796 on December 31, 2000, which is reflected as an Equity in Joint
Vc:nrures in the Gc::neral Fixed Assets Account Group. The Ciry does not anticipate :iny income distribution from Bl-PIN
since charges are assessed only to recover anticipated expenses.
Complete separate financial statements for BI-PIN may be obtained at the Ciry of Kennewick, 210 West Sixth Avenue.
Kennewick, Washington.
B. Emergency Medical Services
The Emc:rgency Medical Services (EMS) was established May 17, 1993, when an Interlocal Agreement was entered into
by three participating municipal corporations, the cities of Kennewick, Pasco and Richland. EMS was established to
provide administrative services for a Medical Program Director to assure training, certification. and physician medical
control of emergency medical service personnel of the three cities. EMS is served by an Administrative Board, composed
of City Managers from the participating cities. All members of the Administrative Board will vote and participate in the
overseeing of policies and contracts. The Medical Program Director and President of EMS Council shall serve as
representatives to the Administrative Board in a non-voting capacity.
The financial participation among the participating jurisdictions is based upon the number of certified EMS personnel
employed by the jurisdiction or agency. On dissolution of the Interlocal Agreement, the net assets will be distributed as
equally as possible, as determined by the Administrative Board.
Effc:ctive August 2. 1993, the City of Kenne·wick assumed responsibiliry as the Operating Jurisdiction for EMS via a
Coordinating Agreement. The Operating Jurisdiction provides all necessary support services for the operation of EMS
such as accounting, legal services and risk management. EMS reimburses the City for these services.
The City of Pasco's c:quiry interest in EMS was $9,463 on December 31, 2000, which is reflected as Equiry in Joint
Venrures in the General Fixed Assets Account Group. The City does not anticipate any income distribution from EMS
since charges are assessed only to recover anticipated expenses.
Complete separate financial statements for EMS may be obtained at the City of Kennewick, 210 West Sixth Avenue,
Kennewick, Washington.
C. Metro Drug Forfeiture Fund
The Metropolitan Controlled Substance Enforcement Group (Metro) was established prior to 1987, when an Interlocal
Agreement was entered into by six participating municipal corporations, the cities of Kennewick, Pasco, Richland, and
West Richland, and Benton and Franklin Counties. Metro was established to account for the proceeds of forfeitures,
federal grants, and court ordered contributions, and to facilitate the disbursement of those proceeds for the purpose of
drug enforcement and investigations. Metro is served by an Executive Committee composed of the Ciry Manager, or
designee, of each of the citi~s and a member from each of the Boards cf County Commissioners of Benton and Franklin
Counties. In addition, a Governing Board, consisting of the Police Chiefs from each of the cities and the Sheriffs and '
Prosecuting Attorneys from the two counties, administers daily activity.
Effective January 1, 1990, the City of Pasco assumed responsibiliry for the operation of Metro. As the Operating
Jurisdiction, the City provides all necessary support services for the operation of Metro such as accounting, legal services
and risk management. Intergovernmental support paid by Metro in 2000 was $1,046 to Franklin County for telephone
wiring for offices after a fire.
43
The City of Pasco's equity interest in Metro was SJ 2,805 on June 30, 2000, which is reflected in Equity in Joint Vennlres
in the General Fixed Assets .--\.ccount Group. The City does not anticipate any income distribution from Metro since
charges are assessed only to recover :rnticipated expenses.
Complete separate tinancial statements for Metro may be obtained at the City of Pasco, 525 North Tnird Street. Pasco,
\Vashington.
D. Trade, Recreation, Agricultural Center
In t 994 the City entered into an agreement with Franklin County for the Trade, Recreation, and Agricultural Center
(TRAC). The City shares with Franklin County the expenses to operate and cover debt service. Franklin County handles
all operating decisions and financial reporting for TRAC.
For calendar year 2000, the City paid Franklin County $91,576 in operating expenses and $106,709 in debt service
expenses.
The City's obligation for debt service is included in the debt service schedule in Note 10. ·
NOTE 16 -OTHER DISCLOSURES
A. Prior Period Adjustments
Recorded Interfund loan receivable of584,100 in the General Fund that was not recorded in 1999.
B. Subsequent Events
None.
44
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COlVIBINING AND INDIVIDUAL FUNDS
AND ACCOUNT GROUPS
STATElVIENTS AND SCHEDULES
(SUPPLElVIENTAL FINANCIAL STATElVIENTS)
45
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46
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GENERAL FUND
The General Fund is used to account for all financial resources and uses
of the City of Pasco except those required to be accounted for irt other funds.
The General Fund of the City, as in most other municipalities, is one of the
largest and most impo rtant funds of the City.
Primary revenue . sources are ta'<.es, licenses and permits,
intergovernmental revenue, charges for services, and fines and forfeitures and
miscellaneous revenue.
Primary expenditures and uses are for police and fire protection, court
operations, park and recreational activities, library, and general administration.
47
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48
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,..,
CITY OF PASCO, WASHINGTON
GENERAL FUND
BALANCE SHEET
As Of December 31, 2000 And 1999
ASSETS
Cash and Imprest Cash
Cash with Fiscal Agent
Receivables:
Taxes:
Property
Utility and Gambling
Accounts, net
lnterfund Loans
Grants
TOTAL ASSETS
LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable
Matured Bonds and Interest Payable
lnterfund Loans Payable
Fire Pension Fund
Due to Other Governmental Units
Trust Deposits
Deferred Revenues
Unclaimed Property
Total liabilities
FUND BALANCES
Reserved for Imprest Funds
Reserved for lnterfund Loans
Unreserved-Undesignated
Total Fund Balances
TOT AL LIABILITlES & FUND BALANCES
s
s
s
s
49
c;xhibit A-1
2000 1999
2,562,357 s 1,737,255
50,000 50,000 ·
219,214 198,039
362,301 438.218
280,725 185,559
1,557,360 1,116,600
10,782 69,381
5,042,739 s 3.795,052
405,985 s 390,779
50.000 50,000
0 0
2,761 153,973
145,036 46,500
540,960 317,283
1,056 0
1,145,798 958 .535
11,765 11,765
1,557,360 1,095,600
2.327,816 1,729,152
3,896,941 2,836,517
5,042,739 s 3,795.051
CITY OF PASCO, WASHINGTON Exhibit A-2
GENERAL FUND
COMPARATIVE STATEMENTS OF REVENUES,_ EXPENDITURES ANO CHANGES IN FUND BALANCES
For The Years Ended December 31 . 2000 And 1999
2000
REVENUES
Taxes s 12,487,130
Licenses & Permits 794,677
Intergovernmental Revenue 840,197
Charges for Services 1,665,431
Fines & Forfeitures 403,155
Interest 211,094
Miscellaneous Revenue 369.524
Total Revenues 16.771.208
EXPENDITURES
Current:
General Government 2,845.629
Security of Persons and Property 8,303,553
Physical Environment 807.252
Economic Environment 291,067
Mental and Physical Health 3,604
Culture and Recreation 1,638.489
Capital Outlay 543,570
Debt Service
Principal 478.293
Interest 476.275
Total Expenditures 15,387,732
Excess of Revenues Over Expenditures 1,383,476
OTHER FINANCING SOURCES (USES)
Disposition of Fixed Assets 10,000
Proceeds of General L-T Debt 225.000
Insurance Recoveries 26.266
Operating Transfers -(In) 175,915
Operating Transfers -(Out) (844,333)
Total Other Financing Sources (Uses} (407.152)
Excess of Rev~nues and Other Financing Sources
Over Expenditures and Other Financing Uses 976,324"
Fund Balance, January 1 2,836,517
Prior Year Correction 84,100
Equity Transfers In 0
Fund Balance, December 31 s 3,896,941
50
1999
s 10,875.597
646.439
997,151
1,607,090
372,836
156,523
408.413
15,064,050
2,890.943
8,250.573
747,236
296,629
6,095
1,565.253
1,059,203
1,847,675
252.543
16,916,150
(1,852.100)
59,389
1,733,000
0
189,834
(860,339)
1,121,884
(730,216}
3,565,966
767
0
s 2,836,517
,-,
,-,
,-,
,..,
.....,
,.....,
r
r
r
CITY OF PASCO, WASHINGTON
GENERAL FUND
STATEMENT OF REVENUES -BUDGET ANO ACTUAL
For The Years Ended Oecemoer 31. 2000 And 1999
BUDGET
TAXES
Property Tax s 2,922,460
Sales and Use Tax 4.800.000
Business Taxes 2.955.000
Other Taxes 743,000
Total Taxes 11.420,460
LICENSES & PERMITS
Business Licenses. & Permits 325. 100
Non-Business Licenses & Permits 133.000
Total Licenses & Permits 458.100
INTERGOVERNMENTAL REVENUE
Federal Grants 0
Indirect Federal Grants 146,400
State Grants 0
State-Shared Revenue 285,000
Slate EntitlemenVln Lieu Payments 300,100
Other Intergovernmental Revenue 23.000
Total Intergovernmental Revenue 754,500
CHARGES FOR SERVICES
General Government 594.800
Security of Persons and Property 495,900
Physical Environment • 28.000
Economic Environment 45.000
Culture and Recreation 122,100
Other lnterfund Charges for Services 260,000
Total Charges for Services 1.545.800
FINES & FORFEITURES 440,000
INTEREST INCOME 131,520
MISCELLANEOUS REVENUE
Rents and Royalties 301.800
Donations from Private Sources 11,000
Other Miscellaneous Revenue 42.000
Total Miscellaneous Revenue 354.800
OTHER FINANCING SOURCES
Proceeds of General L-T Debt 0
Disposition of Fixed Assets 0
Insurance Recoveries 0
Equity Transfer-In 0
Operating Transfers-In 4,000
Total Other Financing Sources 4.000
TOTAL REVENUES s 15.109,180
2000
ACTUAL
s 2.895.502 s
5.116,352
3,779.748
695.528
12.487, 130
333.665
461 ,012
794.677
93.974
31,525
11.922
271,994
384,808
45,974
840.197
622.715
642.920
44,349
93,468
103.217
158.762
1,665,431
403.155
211.094
221,306
33,259
114,959
369,524
225.000
10,000
26.266
0
175.915
437. 181
s 17,208,389
Exhibit A-3
1999
VARIANCE VARIANCE
Favorable Favorable
(Unfavorable) BUDGET ACTUAL (Unfavorable)
(26.958) s 2.198,000 s 2.200. 155 s 2,155
316,352 4,700.000 4,636.976 (63,025)
824,748 2,830,000 3.321 .352 491 ,352
(47,472) 785.000 717. 115 (67,885)
1.066.670 10.513,000 10,875.597 362.597
8,565 249.400 233,766 (15,634)
328.012 301.500 412.673 111.173
336.577 550.900 646.439 95.539
93,974 27,000 102,355 75.355
(114,875) 0 0 0
11 ,922 0 12.407 12,407
(13.006) 527.400 569.744 42.344
84,708 274.700 292.321 17,621
22,974 33.200 20,325 (12.875)
85,697 862.300 997.151 134.851
27,915 582.100 620,754 38.654
147,020 480,600 · 629,023 148,423 ·
16,349 31.500 31,598 98
48,468 43,000 103.468 60,468
(18,883) 122. 100 103,428 (18,672)
(101.238) 210.000 118.820 (91 .180)
119.631 1,469.300 1.607,090 137,790
(36,845) 440.000 372,836 (67,164)
79.574 160.000 156.523 (3,477)
(80,494) 306,800 231,104 (75.696)
22,259 27.000 36,590 · 9,590·
72,959 110,000 . 140,719 30,7'9
14,724 443.800 408.413. (35,387)
225.000 1,733,000 1.733,000 0
10,000 0 59.389 59.389
26.266 0 0 0
0 0 0
171.915 233.150 189.834 (43,316)
433.181 1,966.150 1,982.223 16,073
s 2,099,209 s 16,405.450 s 17,046.272 s 640,822
51
CITY OF PASCO, WASHINGTON
GENERAL FUND
STATEMENT OF EXPENDITURES· BUDGET AND ACTUAL
For The Years Enoeo Decemoer 31, 2000 And 1999
BUDGET
GENERAL GOVERNMENT
Council
Personal Services s 63,150
Personnel Benefits 5,000
Supplies 5,500
Other Services & Charges 25,000
Total Councd 98.650
Municipal Court
Personal Services 246,900
Personnel Benefits 66,150
Supplies 8,000
Other Services & Charges 122.650
Total Municipal Court 443,700
City Manager
Personal Services 254.200
Personnel Benefits 34,150
Supplies 2,400
Other Services & Charges 63,060
Total City Manager 353.810
City Attorney
Personal Services 87,380
Personnel Benefits 19,940
Supplies 10,600
Other Services & Charges 134,770
Total City Attorney 252,590
Finance
Personal Services 699,190
Personnel Benefits 166,890
Supplies 30,100
Other Services & Charges 289,470
Total Finance 1,185.650
Non-Departmental
Personal Services 227,730
Personnel Benefits 146,350
Supplies 500
Other Services & Charges 296,200
lnlergovemmental 62.000
Total Non-Department 732,780
TOTAL GENERAL GOVERNMENT s 3,067,280
2000
ACTUAL
s 63,688 s
5,036
4,951
26,566
100,241
224,011
54,083
7,888
96,545
382,527
269,454
57,411
4,195
42,917
373.977
93,647
20,191
10,534
138.385
262.807
695,050
153,755
24,620
281,999
1,155,424
57,371
130,990
4,272
316,001
~2.019
570.653
s 2.845,629
52
E.sh1bit A-4
1999
VARIANC:: VARIANCE
Favorable Favorable
(Unfavorable) BUDGET ACTUAL (Unfavorable)
(538) s 52.200 s 52,422 s (222)
(36) 4,150 4,163 (13)
549 500 106 394
(1,566) 25.000 27.902 (2,902)
(1,591) 81,850 84.593 (2,743)
22,889 243,850 247,009 (3,159)
12,067 72.650 65,392 7,258
112 8,000 6,641 1,359
26,105 105,450 115.624 (10,174)
61.173 429.950 434,666 {4,716)
(15,254) 239,250 239,029 221
(23,261) 57,350 56,763 587
(1,795) 2,300 3,366 (1,066)
20,143 34,035 35,948 (1,913)
(20.167) 332,935 335,107 (2,172)
(6,257) 89,640 92,933 (3,293)
(251) 21,890 21,118 772
16 14,150 16,245 (2,095)
(3,615) 141,770 147,049 (5.279)
(10. 117) 257,450 277,345 (9,895)
4,140 646.050 657,771 (11,721)
13,135 168.810 155.951 12,859
5,480 37,750 29.617 8,133
7,,£71 292,250 289.195 3.055
30.226 1,144.860 1,132.535 12,3:?5
170,359 57,870 58.862 (992)
15,360 146,690 119,915 26,775
(3,772) 0 (129) ',29
(19,801) 280,550 414,111 {133,561)
(19) 42.000 33,938 8,062
162,127 527. 110 626,697 (99.587)
s 221,551 s 2.784. 155 s 2.890,943 s (106.788)
,...,
,...,
CITY OF PASCO. WASHINGTON
GENERALFUNO
STATEMENT OF EXPENDITURES • BUOGET ANO ACTUAL
For The Years Enoea Decemoer J 1. 2000 And 1999
BUDGi::T
SECURITY OF PERSONS & PROPERTY
Municipal Court
Personal Services $ 118,100
Personnel Benefits 33,150
Supplies 8,000
Other Services & Cllarges 12,300
Total Municipal Court 171.550
Police
Personal Services 2.TT1,500
Personnel Benefits 652,840
Supplies 112.870
Other Services & Charges 1,151,200
Intergovernmental 380,600
Total Police 5,069,010
Fire and Ambulance
Personal Services 2,213,870
Personnel Benefrts 334,020
Supplies 56,525
Other Services & Charges 56.425
Intergovernmental 4,410
Total Fire and Ambulance 2,665,250
Protective Inspections
Personal Services 110,430
Personnel Benefits 30,650
Supplies 5,000
Other S.ervices & Charges 119,000
Total Protective Inspections 265,080
Non-Departmental
Intergovernmental 6,000
TOT AL Si::CURITY OF
PERSONS ANO PROPERTY s 8,176,890
2000
ACTUAL
$ 129,001 s
35,056
5,799
9,271
179,127
2,912,890
633,846
96.274
1,191,005
388,849
5,222.864
2.102.323
312,244
58,384
160,500
4,408
2,537,859
99.372
25,441
10,923
122.110
257,846
5,857
s 8,303,553
53
1999
VARIANCE VARIANCE
Favorable Favorable
(Unfavorable) BUOGi::T ACTUAL (Unfavorable)
(10,901) $ 108,650 $ 109,244 $ (594)
(1,906) 34.150 36,137 (1 ,987)
2,201 11,500 5,563 5.937
3,029 6,350 4,255 2,095
(7,577) 160.650 155,199 5,451
(141,390) 2,768.940 2,744,989 23,951
18,994 683,531 566,589 116,942
16,596 99,840 74,710 25,130
(39,805) 1,151,317 1,292,239 (140,922)
(8,249) 368,000 365,828 2,172
(153,854) 5.071,628 5,044,355 27.273
111,547 2,142,200 2,204,976 (62,776)
21,TTS 385,500 342,841 43,659
(1,859) 25,750 93,156 (67,406)
(104,075) 212,iOO 147,197 65,503
2 4,050 4.054 (4)
27,391 2,771,200 2,792,224 (21 ,024)
11,058 98,060 98,609 (549)
5,209 33,200 26,848 6,352
(5,923) 5,300 4,789 511
(3,110) 129,100 128,549 551
7,234 265,660 258,796 6.864
143 8,000 0 8.000
$ (126.663) s 8.277,138 s 8,250,573 s 26,565
CITY OF PASCO, WASHINGTON
GccNERAL FUND
STATEMENT OF S'<PENDITURES. BUDGET AND ACTUAL
For The Years enaea December 31. 2000 Ana 1999
BUDGET
PHYSICAL ENVIRONMENT
Engineering
Personal Services s 3J6.890
Personnel Benefits 93.600
Supplies 13,200
Other Services & Charges 26.810
Total Engineering 470.500
Non-Departmental
Personal Services 0
Personnel Benefits 0
Supplies 5.000
Other Services & Charges 295,900
Intergovernmental 2.000
Total Non-Departmental 302.900
TOT AL PHYSICAL ENVIRONMENT TTJ,400
ECONOMIC ENVIRONMENT
Parks & Recreation
Personal Services 0
Personnel Benefits 0
Supplies 0
Other Services & Charges 0
Total Parks & Recreation 0
Community Development
Personal Services 223.530
Personnel Benefits 50,100
Supplies 2,500
Other Services & Charges 34.200
lnlergovernmental 1,000
Total Community Development 311.3:JO
Non Departmental
Other Services & Charges 0
TOTAL ECONOMIC ENVIRONMENT s 311,330
2000
ACTUAL
s 320.3Zl s
74,490
13.291
43,109
45t,213
0
0
6,090
350.122
c1n)
356.039
807,252
0
0
0
0
0
206. 199
42,4"5
2,539
31,636
951
283,TTO
7,297
$ 291,067
54
1999
VARIANCE VARIANCE
Favorable Favorable
(Unfavorable) BUDGeT ACTUAL (Unfavorable\
16,567 s 287,830 s 285,55S s 2.275
19,110 76,590 72.65-l 3,936
(91) 14,000 13.5-43 457
(16,299) 35.550 36,207 (657)
19,287 413.970 407.960 6,010
0 0 0 0
0 0 0 0
(1,090) 5,500 7,504 (2,00-1)
(54,222) 329,700 330.246 (5.16)
2.1n 2.500 1.526 974
(53,139) 337.iOO 339.276 (1 ,576)
(33,852) 751.670 747.2:i6 4.-'3.1
0 0 0 0
0 0 0 0
0 0 0 0
0 250 0 250
0 250 0 250
17,331 217,480 220.220 (2,740)
7,655 57,350 50,190 7,160
(39) 2.000 2,373 (378)
2.554 20,000 22,763 (2.76:l)
49 1,000 1,077 (77)
27,560 297,830 296,629 1,201
(7,297) 0 0 0
5 20.263 s 298,086 s 296,629 s 1,451
,..,
,..,
,...,
,..,
CITY OF PASCO. WASHINGTON
GENERAL FUND
STATEMENT OF EXPENDITURES· BUDGET ,1.ND ACTUAL
For fhe Ye:irs Ended December J 1. :000 Ana 1999
BUDGET
MENTAL AND PHYSICAL HEALTH
Non-Departmental
Intergovernmental s 5.060
CULTURE AND RECREATION
Parks & Recreation
Personal Services 638,130
Personnel Benefits 142,360
Supplies 85.600
Other Services & C:->arges 320.820
Intergovernmental 1,200
Total Parks & Recreation 1,188,110
Non Departmental
Other Services & Charges 0
Library
Supplies 1,500
Other Services & Charges 26,800
Intergovernmental 454.920
T olal Library 483.220
TOTAL CULTURE
AND RECREATION 1.571,330
CAPITAL OUTLAY
Court 15.000
City Manager 400
C:ty Altorney 0
Police 45.000
F;re 52.000
Parks & Recreation 80.500
Community Development 12,000
Engineering 39,500
Finance 0
Non-Departmental 237.000
TOTAL CAPITAL OUTLAY s .i81,400
2000
ACTUAL
s 3.604 s
628.250
148.458
84.993
293.065
660
1. 155,J.36
0
1,241
26.i38
455,074
483.053
1.538,.189
65
124
0
47,991
162.855
78.611
0
39,615
130
214.179
s 343.570
ss
1999
VARIANCE VARIANCE
Favorable Favorable
(Unfavarablel BUDGET ACTUAL (Unfavorablel
1.456 s 4.700 s 6.095 s (1 .395)
9.870 581,460 603.643 (22.188)
(6,098) 137,410 136.i47 663
607 89,900 83.i61 6.139
27.755 284.550 288.889 (4.339)
540 ,.::co 945 255
32.574 1,094,520 1,113.990 (19.470)
0 0 0 0
259 2.000 1,835 165
62 26,ZOO 23.923 2.:n
(154) 425.550 425.500 50
167 453.750 451,253 2.-137
32.541 1.5-18.270 1.565.253 (16,983)
14.935 12.000 12.901 {901)
276 500 86 41-1
0 0 2.373 (2.3i3)
{2.991) 57.500 126.636 {69.136)
(110.855) 69.500 181 69,319
1.889 141,100 143.991 {2.?91)
12,000 0 0 0
(115) 5,500 6,742 (1.242)
(130) 0 0 0
22.821 803.000 766.293 36.707
s (62,170) s 1,089.100 s 1,059.203 s 29.897
CITY OF PASCO. WASHINGTON
GENERAL FUND
STATEMENT OF EXPENDITURES· BUDGET ANO ACTUAL
For The Years Ended December J 1, 2000 -"M 1999
BUDGET
OTHER FINANCING USES
Non-Departmental
Operating Transfers s 1.050,270
lnterfund Loans 0
TOTAL OTHER FINANCING USES 1,050,270
DEBT SERVICE
Principal
Councilmanic G.O. Bonds 160,000
Non-Bonded G.O. Debt 0
Other Debt 317,480
lnterfund Loans o
477.480
Interest
Councilmanic G.O. Bonds 435.190
lnterfund Loans 0
Other Debt 36,000
Fiscal Agent C~arges 3,0CO
474.190
TOTAL DEBT SERVICE 951.670
TOTAL EXPENDITURES s 16,488,630
2000
ACTUAL
s 844,333 s
844,333
160,000
0
318.293
0
.£78.293
429.294
0
46,451
530
476.275
954.568
s 16,232.065
56
1999
VARIANCE VARIANCE
Favorable Favorable
(Unfavorable\ BUDGET ACTUAL (Unfavorable\
205,937 s 674,250 s 860.339 s (186,089)
0 0 0 0
205.937 674.250 860,339 (186.089)
0 1,850.000 1,847,675 2.325
0 0 0 0
(813) 0 0 0
0 0 0 0
(813) 1,850,000 1,847,675 2.:"s
5.896 250,750 249,797 953
0 0 0 0
(10,451) 0 0 0
2.470 500 2.746 (2.246)
(2,085) 251.250 252.543 (1,293)
(2.898) 2,101.250 2.100,218 1.032
s 256.565 s 17,528.613 s 17,776,489 s (247.376\
,.,
r
SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for the proceeds of specific revenue
sources (other than major capital projects and trusts) and are segregated into
individual funds to insure that expenditures are made onl y for qualified purposes.
City Street Fund -responsible for the construction, alteration, repair,
improvement and maintenance of all City streets, traffic control devices, and
storm sewers. Primary revenue sources include state-shared revenue and a portion
of the City's sales tax.
Arterial Street Fund -accounts for the development of arterial streets in
connection with projects approved by the State Highway Department (main
thoroughfares) within the City. Main revenue sources are state-shared revenue,
along with federal and state grants.
Street Overlay Fund -responsible for the maintenance of City streets that have
previously been upgraded through Local Improvement District assessments.
Block Grant Fund -responsible for the administration of the Federal Community
Development Block Grant Program.
King Community Center Fund -accounts for revenue and expenditures
generated and spent on Community Center activities.
Ambulance Fund -accounts for revenue and expenditures generated by
Ambulance Services including Third-Party Billing.
Contingency Fund -this fund accounts for revenue reserved by the City Council
to meet emergency or unforeseen circumstances. No expenditures can be made
without specific Council approval.
Cemetery Fund ~ accounts for revenues ·and expenditures t_o run the City-owned
cemetery. Revenue is derived through fees.
Athletic Program Fund -accounts for user fees and related expenditures for
specific team sports.
57
Senior Center Fund -accounts for grants, donations, and City and County
contributions to support senior citizen activities for seniors throughout the
County.
Multi-Modal Facility Fund -accounts for revenue and expenditures at the new
train and bus depot. This facility was built in 1998 and space is leased to
AMTRAK as a passenger train depot and Greyhound Buslines as a passenger bus
depot. Other spaces are leased to business offering amenities to supplement the
travel businesses.
Bi-Centenial Fund -to account for funds received, invested, disbursed, and
expended exclusively for the purpose of funding the celebration of the Bi-
Centenial of the City in the year 2084.
Boat Basin Fund -accounts for revenue and expenditures related to the City's
boat marina. The marina was leased from the Army Corps of Engineers and
subleased to a private concern for operational purposes.
Revolving Abatement Fund -responsible for the abatement of nuisances, such as
condemned buildings and public eyesores not remedied by owners.
T.R.A.C. Development and Operating Fund -accounts for the City's payment
to Franklin County for the operation of the Trade, Recreation and Agricultural
Center and the City's portion of debt service.
Park Fund -accounts for fees charged to new developments to offset future
development of parks within the specific areas assessed.
Capital Improvement Fund -accounts for real estate excise tax revenue and
other sources as deemed necessary by the Council, to fund capital projects.
Stadium/Convention Center Fund -accounts for hotel/motel ta"< money that
may be spent only on a stadium, convention center, or any other qualified tourist
promotion activities.
Sun Willows Golf Course Development Fund -accounts for revenues and
expenditures associated with the financing, development, and sales of land and
improvements located at the Village at Sun Willows located at the Sun Willow,:;
Golf Course (formerly Pasco Municipal .Golf Course). . .
58
,-,
,..,
,..,
,..,
THIS PAGE INTENTIONALLY LEFT BLAJ.~K
,.....,
59
CITY OF PASCO, WASHINGTON
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
As Of December 31. 2000 (With Comparable Totals For 1999)
CITY
STREET
ASSETS
Cash s 303.551
Receivables. net:
Taxes
Accounts 220
Grants
Loans/Advances Receivable
lnterfund Loans Receivable
TOTAL ASSETS s 303,771
LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable s 13,882
Retainage Payable
lnterfund Loans Payable
Due To Other Governments
Consumer Deposits 5,346
Deferred Revenue 220
Total Liabilities 19,448
FUND BALANCES
Reserved for Loans/Advances
Reserved for Future Uses
Other Reserves
Unreserved-Undesignated 284.323
Total Fund Balances 284,323
JOTAL LIABILITES
ANO FUND BALANCES s 303.771
Exhibit 8-1
ARTERIAL STREET
STREET OVERLAY BLOCK GRANT
s 379.135 s 642,258 s (284,887)
43,833
189
233,440
155,056
s 379,135 s 686.280 s 103,609
s 4,319 s 54 s 3,067
5,206
4,319 54 8.273
155,056
374,816 686,226 (59,720)
374,816 686.226 95,336
s 379.135 s 686.280 s 103,609
60
r
,-,
,-, KING MULTI-
COMMUNITY ATHLETIC SENIOR MODAL
CENTER AMBULANCE CONTINGENCY CEMETERY PROGRAMS CENTER FACILITY
s 28,949 s (12,943) s 130,012 s (29,545) s 8,789 s 29,212 s 38,942
,.., 1,600 193,536 12,574 10,000 4,060 674
,-,
s 30.549 S 180,593 S 130,012 s (16,971) s 18,789 s 33,272 s 39,616 =====
s 4,452 s 2,418 s o s 5,217 s 1,446 s 4,781 s 1,803
700
72,200 200,000
687 (58) 269 428
47 600
1,600 194,061 12,574 10,000 5,688 674
6.052 268.679 218,478 11,388 11.485 3,505
,...,
26,644
1,680 1,395
24,497 (88,086) 103,368 (235,449) 5,721 20,392 36.111
24,497 (88,086) 130,012 (235,449) 7,401 21 ,787 36,111
s 30,549 s 180.593 s 130.012 s (16.971) s 18,789 s 33,272 s 39,616
61
CITY OF PASCO, WASHINGTON
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
As Of December 31, 2000 (With Comparable Totals For 1999)
Bl-
CENTENNIAL
ASSETS
Cash s 4,698
Receivables. net:
Taxes
Accounts
Grants
Loans/Advances Receivable
ln!erfund Loans Receivable
TOTAL ASSETS s 4,698
LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable 0
Retainage Payable
lnterfund Loans Payable
Due To Other Governments
Consumer Deposits
Deferred Revenue
Total Liabilities
FUND BALANCES
Reserved for Loans/ Advances
Reserved for Future Uses
Other Reserves
Unreserved-Undesignated 4,698
Total Fund Balances 4,698
TOTAL LlABILITES
AND FUND BALANCES 4,698
s
s
s
s
62
Exhibit B-1. concluded
T.R.A.C.
BOAT REVOLVING DEVOP &
BASIN ABATEMENT OPERATING
15.481 s 44,628 s 19,336
733 4,672
16,214 s 49,300 s 19,336
0 s 477 s 0
766,700
251
733 4,672
984 5,149 766,700
1,254
15,230 42,897 (747,364)
15.230 44,151 (747,364)
16,214 s 49,300 s 19,336
CITY OF PASCO, WASHINGTON Exhibit B-2
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES· BUDGET ANO ACTUAL
For The Year Ended December 31. 2000 (With Comparative Totals For 1999)
CITY STREET · ARTERIAL STREET
VARIANCE VARIANCE
Favorable Favorable
BUDGET ACTUAL (Unfavorable) BUDGET ACTUAL (Unfavorable)
REVENUES
Taxes $ 0 $ 0 s 0 s 0 s 0 $ 0
Licenses & Permits 3.000 4.040 1,040
Intergovernmental Revenue 418,150 408,878 (9,272) 195,500 574,834 379,334
Charges For Services
Fines and Forfeitures
Interest 7,000 11,180 4,180 12,000 17,003 5,003
Miscellaneous Revenues 17,250 17.250
Total Revenues 428.150 441.348 13.198 207.500 591,837 384,337
EXPENDITURES
Current:
Security of Persons and Property
Physical Environment
Transportation 802,660 701 ,022 101,638
Economic Environment
Culture & Recreation
Capital OuUays 100,000 100,000 657.500 536,285 121,215
Total Expenditures 902.660 701 ,022 201 ,638 657,500 536.285 121,215
Excess (Deficiency) of
Revenues over Expenditures (474,510) (259,674) 214,836 (450,000) 55,552 505,552
OTHER FINANCING SOURCES (USES}
Proceeds Fam Sale of Assets/Debt
Insurance Recovery
Debt Service-Principal
Proceeds From Sale of Bonds
Interest Expense
lnterfund Loan
Operating Transfers • In 514,510 467,710 (46,800) 170,626 170,626
Operating Transfers -(Out)
Total Other Financing Sources (Uses) 514,510 467,710 (46,800) 170,626 170,626
Excess (Deficiency) of Revenues and
Other Financing Sources Over
Expenditures and
Other Financing Uses 40,000 208,036 168,036 (450.000) 226,178 676,178
Fund Balances, Jan. 1 70,000 76,287 6,287 219,500 148,638 (70,862)
Equity Transfer
Prior Period Adjustments
Fund Balances, Dec. 31 s 110,000 5 284,323 s 174,323 s (230,500) s 374,816 s 605,316
64
r '
CITY OF PASCO, WASHINGTON fahibit B-2. cont.
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES -BUDGET AND ACTUAL
For The Year Enoed December 31, 2000 (With Comparative Totals For 1999)
KING COMMUNITY CENTER AMBULANCE
VARIANCE VARIANCE
Favorable Favorable
BUDGET ACTUAL ( U nfavora bl e) BUDGET ACTUAL (Unfavorable)
REVENUES
Taxes $ 0 $ 0 $ 0 $ 102,000 $ 101,802 $ (198)
Licenses & Permits
Intergovernmental Revenue
Charges For Services 2,000 940 (1,060) 55,000 35,548 (19,452)
Fines and Forfeitures
Interest 1.000 1,531 531 (439) (439)
Miscellaneous Revenues 30,000 26,366 (3,634)
Total Revenues 33,000 28,837 (4,163) 157,000 136,911 (20,089)
EXPENDITURES
Current:
Security of Persons and Property 229,200 224,997 4,203
Physical Environment
Transportation
Economic Environment 23,716 (23,716)
Culture & Recreation 104,360 76,912 27,448
Capital Outlays
Total Expenditures 104,360 100,628 3,732 229,200 224.997 4,203
Excess (Deficiency) of
Revenues over Expenditures (71 ,360) (71 ,791) (431) (72,200) (88.086) (15,886)
OTHER FINANCING SOURCES (USES)
Proceeds From Sales of Assets
Insurance Recovery
Debt Service-Principal
Proceeds from Sale of Bonds
Interest Expense
lnterfund Loan
Operating iransfers -In 71,360 71,360 72,200 (72,200)
Operating Transfers -(Out)
Total Other Financing Sources (Uses) 71,360 71,360 72,200 (72,200)
Excess (Deficiency) of Revenues and
Other Financing Sources Over
Expenditures and
Other Financing Uses (431) (431) (88,086) (88,086)
fund Balances, Jan. 1 24,928 24,928
Equity Transfer
Prior Period A0justmems
Fund Balances, Dec. 31 s 0 $ 24,497 s 24.497 $ 0 s (88,086) s (88,086)
66
r r
CITY OF PASCO, WASHINGTON E.,hibit 8-2. cont.
SPEC~LREVENUEFUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES· BUDGET AND ACTUAL
For The Year Ended Oecember 31, 2000 (With Comoarative Totals For 1999)
ATHLETIC ?ROGRAMS SENIOR CENTER
VARIANCE VARIANCE
Favorable Favorable
BUDGET ACTUAL (Unfavorable) BUDGET ACTUAL (Unfavorable)
REVENUES
Taxes s 0 s 0 s 0 s 0 s 0 s 0
Licenses & Permits
Intergovernmental Revenue 22,000 21,115 (885)
Charges For Services 107,000 66,158 (40,842)
Fines and Forfeitures
Interest 2,300 1,937 (363) 1,500 2,394 894
Miscellaneous Revenues. 2,000 11,877 9,877 60.600 62,545 1,945
Total Revenues 111,300 79,972 (31,328) 84,100 86,054 1,954
EXPENDITURES
Current:
Security of Persons and Property
Physical Environment
Transportation
Economic Environment 35.670 30.909 4,761
Culture & Recreation 141,100 120,158 20,942 153,490 151 .131 2,359
Capital Outlays 26,550 19,221 7,329 700 (700)
Total Expenditures 167,650 139,379 28,271 189,160 182,740 6,420
Excess (Deficiency) of
Revenues over Expenditures (56.350) (59,407) (3,057) (105,060) (96,686) 8,374
OTHER FINANCING SOURCES (USES)
Proceeds Fram Sales or Assets
Insurance Recovery
Debt Service-Pnncipal
Proceeds From Sale or Bonds
Interest Expense
lnterfund Loan
Operating Transfers • In 69.060 66,258 (2,802)
Operating Transfers • (Out)
Total Other Financing Sources (Uses) 69,060 66.258 (2,302)
Excess (Deficiency) at Revenues and
Other Financing Sources Over
Expenditures and
Other Financing Uses (56,350) (59,407) (3,057) (36,000) (30,428) 5,572
Fund Balances, Jan. 1 2/iSO 66,808 64,158 (7,000) 52,215 59,215
Equity Transfer
Prior Period Adjustments
Fund Balances, Dec. 31 s (53,700) s 7,401 s 61.101 s (43,000) s 21 .787 s 64,787
68
, ,
CITY OF PASCO, WASHINGTON E,hibit B-2. cont.
SPECIAL REVENUE FUNDS
COMBINING STATEMENT CF REVENUES, C:XPENOITURES ANO CHANGES
IN FUND BALANCES . BUDGET ANO ACTUAL
For The Year Ended December 31. 2000 (With Comparative To1a1s For 1999)
BOAT BASIN REVOLVING ABATEMENT
VARIANCE VARIANCE
Favorable Favorable
BUDGET ACTUAL (Unfavorable) BUDGET ACTUAL (Unfavorable)
REVENUES
Taxes $ o $ o s o s o $ o $ o
Licenses & Permits
Intergovernmental Revenue
Charges For Services 512 512
Fines and Forfeitures 4,000 25.885 21.885
Interest 800 1.133 333 300 1.592 1.292
Miscellaneous Revenues 7.800 8.450 650 7.000 24.906 17,906
Total Revenues 8,600 9,583 983 11,300 52,895 41 ,595
EXPENDITURES
Current:
Security of Persons and Property
Physical Environment
Transponation
Economic Environment 11,000 11.046 (46)
Culture & Recreation 6,400 9,001 (2,601)
Capital Outlays
Total Expenditures 6.400 9,001 (2.601) 11 ,000 11,046 (46)
Excess (Deficiency) of
Revenues over Expenditures 2.200 582 (1,618) 300 41 ,849 41,549
OTHER FINANCING SOURCES (USES)
Proceeds F rem Sales of Assets
Insurance Recovery
Debi Service-Principal
Proceeds From Sale of Bonds
Interest Expense
lnterfund Loan
Ooerating Transfers -In
Operaling Transfers -(Out)
Total Other Financing Sources (Uses)
Excess (Deficiency) of Revenues and
Other Financing Sources Over
Expenditures and
Other Financing Uses 2.200 582 (1,618) 300 41 ,849 41,549
Fund Balances, Jan. 1 13,900 14,648 748 3,200 2,302 (898)
EQuity Transfer
Prior Period Adjustments
Fund Balances, Dec. 31 $ 16,1 00 $ 15,230 s (870) s 3.500 $ 44,t51 s 40,651
70
T.R.A.C. DEVELOPMENT & OPERATION ?ARK
VARIANCE VARIANCE
Favorable Favorable
BUDGET ACTUAL (Unfavorable) BUDGET ACTUAL (Unfavorable)
s 117,000 s 125,761 s 8,761 s 0 s 0
13,000 139,962 126,962
r, 719 719 15,000 34,419 19,419'
21. 116 21,116
117,000 126.480 9.480 28.000 195,497 167,497
,..,
....,
92,000 91.576 424
152.471 (152,471)
92,000 91,576 424 152,471 (152.471) ,-,
25,000 34.904 9,904 28,000 43,026 15.026
,.....,
(51,730) {51,724) 6
{54,990) {54,985) 5
81,720 15,719 {66,001) ,..,
(25,000) (90,990) (65.990)
,...,
{5a,o86J {56,086) 28,000 43,026 15,026
,...., {607,178) ; {607,178) 428 439,804 439.376
(84,100\ (84,100)
,-, s 0 s (747,364) s (747,364) s 28,428 s 482,830 s 454,402
71
CITY OF PASCO, WASHINGTON
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES ANO CHANGES
IN FUND BALANCES -BUDGET ANO ACTUAL
For The Year Endeo December 31 . 2000 (With Comparative Totals For 1999)
CAPITAL IMPROVEMENT
BUDGET ACTUAL
REVENUES
Taxes s 120.000 s 206.090 s
Licenses & Permits
Intergovernmental Revenue
Charges For Services
Fines and Forfeitures
Interest 7,000 27,757
Miscellaneous Revenues
To1al Revenues 127.000 233.847
EXPENDITURES
Current:
Security of Persons and Property
Physical Environment
Transportation
Economic Environment
Culture & Recreation
Capital Outlays 50.000 17,714
Total Expenditures 50.000 17,714
Excess (Deficiency) of
Revenues over Expenditures 77.000 216,133
OTHER FINANCING SOURCES (USES)
Proceeds From Sales of Assets
Insurance Recovery
Debt Service-Principal
Proceeos From Sale of Bonds
Interest Expense
lnterfund Loan
Operating Transfers -In
Operating Transfers • (Out)
Total Other Financing Sources (Uses)
Excess (Deficiency) of Revenues and
Other Financing Sources Over
Expenditures and
Other Financing Uses 77,000 216,133
Fund Balances, '.Jan. 1 277,000 333,730
Equity Transfer
Prior Period Adjustments
Fund Balances. Dec. :11 s 354,000 s 549,863
72
i:xhib1t B-2. cont.
ST ADIUMICONVENTICN Cc:NTER
VARIANCE VARIANCE
Favorable Favorable
(Unfavorable) BUDGET ACTUAL (Unfavorable)
86,090 s 117,000 s 125,931 s 8,931
20,757 (2,445) (2,445)
76.320 67,749 (8,571)
106.847 193.320 191.235 (2,085)
131,020 118,570 12.450
32.286 120.000 120,000
32.286 251,020 238.570 12.450
139,133 (57,700) (47.335) 10.365
(55,000) (55,000)
(76,770) (76,774) (4)
189,470 5t,971 (137,499)
57,700 (79.803) (137.503)
139,133 (127,138) (127,138)
56,730 (801,764) (801,764)
300,000
s 195,863 s 0 s (628,902) s (928.902)
s
...,
GOLF COURSE DEVELOPMENT
BUDGET
s
0
23,000
23,000
5.250
5,250
17.iSO
17,750
S:.8,750
566.500
s
ACTUAL
s
0
36,176
36,176
25.368
25.368
10,808
8,974
8.974
19,782
575,668
595,450
s
VARIANCE
Favorable
(Unlavorable)
0
13.176
13,176
(20,118)
(20. 118)
(6,942)
8.974
8,97.i
2.032
26,9'8
s 28,950
73
CITY OF PASCO, WASHINGTON E.,h,bit B-2. concluded
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES ANO CHANGES
IN FUND BALANCES • BUDGET ANO ACTUAL
For The Year Ended Oecember 31, 2000 (With Comparative Totals For 1999)
2000 1999
VARIANCE VARIANCE
Favorable Favorable
BUOGET ACTUAL (Unfavorable) BUOGET ACTUAL (Unfavorable)
REVENUES
Taxes 850,600 1,025.282 s 174,682 s 734,950 $ 789.437 s 54,487
Licenses & Permits 3,000 4,040 1,040 2,500 3,570 1,070
Intergovernmental Revenue 1,336.050 1,724,932 388,282 1,449,000 1,499,514 50,514
Charges For Services 310,940 358,991 48,051 224,300 191,558 (32,742)
Fines and Forfeitures 4,000 26,647 22,647 1,026 1,026
Interest 96,300 176,782 80,482 108,500 104,795 (3,705)
Miscellaneous Revenues 296.380 345,260 48,880 237,000 320,858 83,858
Total Revenues 2.897,370 3,661.934 764.064 2,756,250 2,910,758 154.508
EXPENDITURES
Current:
Security of Persons and Property 277,200 274,670 2,530 44,350 43,915 435
Physical Environment 185,260 178,911 6,349 181,800 183,491 {1,691)
Transportation 802,660 701,022 101,638 907,550 912,751 {5,201)
Economic Environment 197,320 364,017 {166,697) 402,700 129,586 273,114
Culture & Recreation 628,370 567,348 61,022 606,350 480,227 126,123
Capital Outlays 1,807,300 1.428,551 378,749 1,293,850 1,788.487 (494.6371
Total Expenditures 3,898,110 3,514,519 383,591 3,436.600 3,538.457 (101,857)
Excess (Deficiency) of
Revenues over Expenditures {1.000,240) 147,415 1,147,655 (680.350) (627.699) 52.651
OTHER FINANCING SOURCES {USES)
Proceeds From Sales of Assets 8,974 8,974 57,500 283,703 225,203
Insurance Recovery
Oebt Service-Principal {106,730) {106,724) 6 (90,000) (97,586) (7,586)
Proceeds From Sale of Bonds
Interest Expense {131,760) (131,759) (145,600) {135,437) 10,163
lnterfund Loan
Operating Transfers• In 1,011,320 857,927 (153,393) 686,450 830,143 143,693
Operating Transfers • (Out) (304.850) (287,165) 17.685 (105.000\ (103,350) 1.650
Total Other Financing Sources {Uses) 467,980 341,253 (126.727) 403,350 777,473 374,123
Excess (Deficiency) of Revenues and
Other Financing Sources Over
Expenditures and
Other Financing Uses (532,260) 488,668 1,020,928 (277,000) 149,774 426,774
Fund Balances, Jan. 1 1,492,768 948,362 {544,406) 1,212,330 733,752 {478,578)
Equity Transfer 300,000 {300,000) 64,836 {64,836)
Prior Period Adjustments (84,100) 84,100 64.836 (64.836)
Fund Balances, Dec. 31 s 960.508 s 1,652.930 s 260,622 s 935,330 s 1,013,198 s (181,476)
74
,..,
,..,
,-,
,.,
,..,
DEBT SERVICE FUNDS
Debt Service Funds are used to account for the accumulation of resources and
payment of general obligation bond principal and interest from governmental
resources and special assessment bond principal and interest from special
assessment levies when the government is obligated in some manner for the
payment.
1993 General Obligation Bridge Bond -accounts for special levy property ta.'< to
meet debt service requirements on bonds issued for the construction of the Civic
Center/City Hall and improvements at the Senior Center.
1999 General Obligation Library/Fire Station Bond -accounts for special levy
property ta.x to meet debt service requirements on bonds issued for the renovation
of the Pasco Public Library and construction of Fire Station No. l in East Pasco.
Local Improvement Districts -project financing is ultimately provided through
the issuance of L.I.D. bonds. Bond principal and interest payments are paid with
moneys provided through assessments· made against the specifically benefited
properties.
L.I.D. Guaranty Fund -responsible for the guaranteeing of payment of bonds,
coupons, and warrants issued against any City local improvement district created
after the creation of the Guaranty Fund.
75
CITY OF PASCO, WASHINGTON
DEBT SERVICE FUNDS
COMBINED BALANCE SHEET
As Of December 31, 2000 (With Comparative Totals For 1999)
1993 G. 0. 1999 U.T.G.O.
CIVIC CTR LIBRARY/
BOND FIRE STAT.
ASSETS
Cash s 12,437 s 65,235
Cash with Fiscal Agent 0 0
Taxes Receivable 33,286 5,187
Note Receivable 0 0
Assessments Receivable:
Current 0 0
Delinquent 0 0
Deferred 0 0
TOTAL ASSETS s 45,723 s 70,422
LIABILITlES & FUND BALANCES
LIABILITIES
Accounts Payable s 61 s 100
Notes Payable 0 0
Matured Bonds Payable 0 0
Matured Interest Payable 0 0
Assessment Bonds Payable 0 0
Accrued Interest Payable 0 0
lnterfund Loans Payable
General Fund Fund 0 0
Fire Pension Fund 0 0
Deferred Revenue 29,095 3,883
Total Liabilities 29,156 3,983
FUND BALANCES
Reserved for Debt Service 16.567 66,439
16,567 66,439
TOT AL LIABILITIES
& FUND BALANCES s 45,723 s 70,422
76
L.1.D.
GUARANTY
s 1,041,007
0
0
15,809
0
0
0
s 1,056.816
s 0
0
0
0
0
0
0
0
0
0
1,056.816
1,056,816
s 1,056.816
Exhibit C-1
L.I.D. TOTALS
ASSESSMENTS 2000 1999
s 415,091 s 1,533,770 s 1,691,77'
200,000 200,000 431,7:
0 38,473 30.4i I
0 15,809 22.513
421,139 421,139 356.0(
123,813 123,813 104,221
5,564.836 5.564,836 5,671.571
s 6,724.879 s 7,897,840 s 8,308.21
s 57 s 218 s
0 0 0
200,000 200,000 430,000
rn.121 10. 127 1.7~
1,165,000 1,165,000 1,515.0(
0 0 10,127
80,960 80,960
14,000 14,000 31,7uu
5,564,836 5.597.814 5.699,677
7,034,980 7,068,119 7,688.2,
(310,101) 829,721 620.05
(310,101) 829,721 620.05
s 6,724,879 s 7,897,840 s 8,308.28
,-,
,...,
r,
,....,
,....,
,.
CITY OF PASCO, WASHINGTON
OE8T SERVICE FUNDS
COMBINING STATEMENT OF REVENUES. EXPENDITURES. ANO CHANGES IN FUND BALANCES
For The Year Ended Oecemoer JI. 2000 (Wilh Comparative To1:11s i'O< 19991
1993G.0. 1999 U.T.G.0.
CIVIC CTR LIBRARY/ L.l.D.
BONO FIRE STAT. GUARANTY
REVENUES
Property Tax s 409.096 s 101.091 s 0
Local Sales & Use Tax 0 0 0
Principal Payments 0 0 0
Penalties and Interest on Assessments 0 0 0
Interest 5.389 3.141 60.488
Total Revenues 414.485 104.232 60.488
EXPENDITURES
Capital Outlay 0 o 0
Misc. Expenditures 0 0 17,098
Debt Service:
Principal 200.000 0 0
Interest and Fiscal Agent Charges 192.165 45.493 0
Total Expenditures 392.165 45.493 17.098
Excess (Oeflclency) of Revenues
Over Expenditures 22.320 58.739 43,390
OTHER FINANCING SOURCES (USES)
Proceeds From Sales of Assets 0 0 101.392
lnterfund Loans 0 0 0
Operating Transfers • In 0 0 0
Operating Transfers • (Out) 0 0 (105.580)
Total Other Financing Sources (Uses) 0 0 (4,188)
Excess (Deflclency) of Revenues
Over Expenditures and Other
Financing Sources (Uses) 22.320 58,739 39.202
Fund Balances, January 1 (5.753) 7,700 963,849
Prior Year Corrections o 0 0
Residual Equity Transfer ln/(Out) 0 0 53,765
Assessment Adjustment For F0<eclosures o 0 0
Fund Balances. December 31 s 16,567 s 66,439 s 1.056.816
77
E.d,ibit C-Z
L.1.0. TOTALS
ASSESSMENTS 2000 1999
s 0 s 510.187 s 270.722
o 0 s 46.355
1.063.665 1.063.665 960.424
215.949 215.949 217.573
104.542 173.560 148.162
1,384.156 1.963.361 1,6-lJ.337
0 0 18,634
0 17.098 o
0 200.000 185.000
83.780 321.438 297.704
83.780 538.536 501,338
1.J00.376 1.424.825 1.142.000
0 101.392 247,463
0 0 0
0 0 82.765
(no.JJ5l (875.915) (750.000)
(770.JJ5) (774,523) (-'19.TT2)
530.041 550.302 722.227
(345,739)' 620,057 531,838
0 0 65.i
(473,844) (420,079) (566,048)
(20,559) (20.559) (68,625)
s (310,101) s 829,721 s 620.057
CITY OF PASCO, WASHINGTON
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES. EXPENDITURES, AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
For The Year Enaea December 31, 2000
REVENUES
Property Tax s
Local Sales & Use Tax
Principal Payments
Assessment Penalties and Interest
Interest & Miscellaneous Income
Total Revenues
EXPENDITURES
Capital Outlay
Misc. Expenditures
Oebt Service:
Principal
Interest and Fiscal Agent Charges
Total Expenditures
Excess (Deficiency) of Revenues
Over Expenditures
OTHER FINANCING SOURCES (USES)
Proceeds From Sales of Assets
lnterfund Loans
Operating Transfers -In
Operating Transfers -(Out)
Total Other Financing Sources (Uses)
Excess (Deficiency) of Revenues
Over Expenditures and Other
Financing Sources (Uses)
Fund Balances, January 1
Residual Equity Transfers Out
Prior Year Adjustments
Assessment Foteclosure Adjustment
Fund Baiances, Decemb<!r 31
1993 G. 0. CIVIC CTR BONDS
BUDGET ACTUAL
413,760 $ 409,096
0 0
0 0
0 0
2.000 5,389
415.760 414,485
0 0
0 0
200,000 200,000
192,100 192,165
392.100 392.165
23,660 22,320
0 0
0 0
0 0
0 0
0 0
23,660 22,320
0 (5,753)
0 0
0 0
$ 23,660 s 16,567
s
VARIANCE
Favorable
(Unfavorable)
(4,664)
0
0
0
3,389
(1,275)
0
0
0
(65)
(65)
(1,210)
0
0
0
0
0
(1 ,210)
(5,753)
0
0
$ (6,963)
78
s
E~h1bit C-3
1999 U.T.G.O. LIBRARY/FIRE STA. BONDS
BUDGET ACTUAL
106,140 s 101,091
0 0
0 0
0 0
0 · 3,141
106,140 104,232
0 0
0 0
0 0
106,140 45,493
106,140 45,493
0 58,739
0 0
0 0
0 0
0 0
0 0
0 58,739
0 7,700
0 0
0 0
s 0 s 66,439
s
$
VARIANCE
Favorable
(Unfavorable)
(5,049)
0
0
0
3,141
(1,908)
0
0
0
60,647
60,647
(62,555)
0
o
0
0
0
58,739
7,700
0
0
66,439
,-,
,-,
,..,
,..,
L.I.D. GUARANTY L.I.D. ASSESSMENTS
VARIANCE VARIANCE
Favorable Favorable ,..., BUDGET ACTUAL (Unfavorable) BUDGET ACTUAL (Unfavorable)
s 0 s 0 s 0 s 0 s 0 s 0 ,-, 0 0 0 0 a a
0 0 0 a 1,063.665 1,063,665
0 0 0 0 215,949 215,949
60,000 60,488 488 0 104,542 104,542
60,000 60,488 488 0 1.384.156 1,384,156
0 0 0 a a 0
30,000 17,098 (12,902) 0 a 0
0 0 0 0 0
0 0 0 0 83,780 (83.780)
30,000 17,098 (12,9021 0 33.780 (83,i80)
30,000 43,390 13,390 0 1,300,376 1,300,376
0 101,392 101,392 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 (105,580) (105,580) 0 (i70.335) (770,335),
0 (4,188) (4,188) 0 (770,335) (770,335)
30,000 39,202 9,202 0 530,041 697,601 ,...,
0 963,849 963,849 0 (345,739) (345,739)
0 53,765 0 0 (473,844) (473,844)
0
0 0 0 0 (20,559) (20,559)
s 30,000 s 1,056,816 s 973,051 :S 0 s (310,101) s (142,541)
i9
THIS PAGE INTENTIONALLY LEFT BLAJ.~K
80
,-,
,..,
,...,
,-,
C.APITAL PROJECT FUNDS
Capital Project Funds are used to account for financial resources segregated for
and dedicated to the construction of general capital facilities, other than those
financed and accounted for by proprietary funds and Street Funds.
General Purpose Construction Fund -accounts for revenues and expenditures
related to any general purpose project not required to be accounted for elsewhere.
Local Improvement Districts Construction Fund -accounts for the
construction of public improvements deemed to benefit a given area where upon
completion assessments will be made against the specifically benefited properties.
· 81 .
CITY OF PASCO, WASHINGTON
CAPITAL PROJECT FUNDS
COMBINING BALANCE SHEET
As Of December 31, 2000 (With Comparative Totals For 1999)
GENERAL
PURPOSE
CONSTRUCTION
ASSETS
Cash s 983,564
Accounts Receivable 0
Grants Receivable 0
TOTAL ASSETS s 983,564
LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable s 20,288
Deposits Payable 12,036
Deferred Revenue 0
Retainage Payable 19,279
Total Liabilities 51,603
FUND BALANCES
Reserved for Capital Projects 931,961
TOTAL LIABILITIES & FUND BALANCES s 983,564
82
Exhibit 0-1
LID TOTALS
CONSTRUCTION 2000 1999
s (2,246,824) s (1,263,260) s 1,581.991
0 0 2.382
0 0 0
s (2,246,824) s (1,263,260) s 1,584,873
s 4,700 s 24,988 s 103,727
0 12,036 12,036
0 0 2,382
25,335 44,614 67,740
30,035 81,638 186.386
(2,276,859) (1,344,398) 1,398.487
s (2,246,824) s (1,263,260) s 1,584.873
,...
,-,
,..,
,-,
,....,
,-,
CITY CF PASCO. WASHINGTON
CAPtT AL PROJECT FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CH ANGES IN FUND BALANCES
For The Year Ended December 31. 2000 (With Comparative Totals For 1999)
REVENUES
Intergovernmental s
Interest Income
Misc Revenue
EXPENDITURES
Capital Outlay
Total Expenditures
Excess (Deficiency) of
Revenues Over Expenditures
OTHER FINANCING SOURCES (USES)
Proceeds of General L-T Debt
Operating Transfers -In
Operating Transfers -Out
Total Other Financing Sources
Excess (Deficiency) of Revenues and
Other Financing Sources over Expenditures
Fund Balances, January 1
Prior Year Adjustments
Equity Transfers In
Fund Balances, December 31 s
GENERAL
PURPOSE
CONSTRUCTION
(243.000) $
31,127
500
(211.373)
1,366.253
1,366,253
(1,577,626)
0
543,180
(380,656)
162,524
(1,415,102)
2,347.063
0
0
931,961
83
Exhibit 0-2
LID TOTALS
CONSTRUCTION 2000 1999
0 $ (243.000) $ 1.655,442
(8?',744) (56,617) (69,650)
0 500 0
(87.744) (299.117) 1.585.791
1.524.356 2.890.609 5.502.333
1.524.356 2.390,609 5,502,333
(1.612.100) {3,189.726) (3,916,542)
0 0 5,936.857
283,817 826,997 899,753
0 (380,656) (722,214)
283.817 .W6,341 6.114.396
(1,328,283) (2,743.385) 2. 197,854
(948,576) 1,398,487 (2,311 ,259)
0 0
0 0 1,511.892
s (2,276,859) s (1,344.898) s 1,398,487
THIS PAGE INTENTIONALLY LEFT BLAL"'\fK
84
,-,
,..,
,-,
!'""I
,.....,
ENTERPRISE FUNDS
Enterprise Funds are utilized to account for the acquisition and operation and
maintenance of government facilities and services that are primarily or totally
supported by user charges. The operations of enterprise funds are accounted for
similarly to comparable private enterprises.
"\Vater/Sewer Fund -accounts for all revenues generated by water sales, sewer
collection, and related services. All activities necessary to provide for the
collection, treatment, and distribution of water and for the collection, treatment,
and disposal of sewage are accounted for in this fund.
85
CITY OF PASCO, WASHINGTON
ENTERPRISE FUNCS
COMBINING BALANCE SHEET
As er Cecemoer 31, 2000 (With Compara11ve Totals For 1999)
ASSETS
Current Assets
Cash
Cash with Fiscal Agen1
Receivables, net:
Accounts
Notes Receivable
Loan Receivable
Inventories
Prepaid Expenses
Total Current Assets
Restricted Assets
Bond Reserve/Redemption
Deposits
Customer
Construction
Total Restricted Assets
Property Plant & Equipment
Land/Structuresllmprovements;~quipment
Less: Accumulated Depreciation
Construction Work in Progress
Total Property, Plant & Equipment
Deferred Debits
Unamortized Debt Discount
Total Deferred Debits
TOTAL ASSETS
s
s
86
Exhibit E-1
2000
10,591,979
25,000
648,970
139.131
0
199,464
11,299
11,615,843
1,237,466
12,104
16.250
1,265.8:!0
83,266,183
(17,493,403)
2,081,537
67,854,417
251,312
251 ,312
80,987.392
s
s
1999
8,073,577
0
549,552
0
361,8_51
225.343
11,130
9,221.453
1,210,481
13,808
15.508
1,239.797
60.369.155
(15,738,179)
21,967.028
66,598.004
273.590
273,590
77,332.944
,....
r
,-,
2000 1999
LIABILJTIES ANO EQUITY
Current Liabilities
Accounts Payable s 167,348 s 134,486
Due to Other Governments 28,869 46,544
Retainage Payable 126.384 234,041
Matured G.O. Bonds 25,000 a
Current Portion Bonds Payable 615,000 585,000
Current Portion Loans Payable 1,191.102 231 ,866
Total Current Liabilities 2. 153,703 1,231 ,937 ,..,
Payable from Restrictl!d Assets
Acc:ued Bond Interest 419,834 90,148
Deposits Payable 28.354 29,316
Total Payable from Restricted Assets 448,188 119,464
Long-Term Liabilities
Accrued Employee Benefits 92,106 84,073 ...., Bonds Payable
1994 Revenue Bonds 1,545,000 1,880.000
1998 Revenue/Refunding Bonds Series A 2.070.000 2.130,000
1999 Revenue/Refunding Bonds Series B 6,655.000 6,725,000
2000 Revenue/Refunding Bonds Senes C 1,015,000 1,085,000
1999 Revenue Bonds 935,000 985,000
Less: Current Portion (615,000) (585,000)
Unamortized Discount on Refunding Debt (441,425) (553,920)
Loans Payable
PWTF Loans 4,699.852 3,340,486
SRF Loan 23.386,261 22,387,241
SRF Loan Interest a 2.224,310
Council of Govemments Loan 690,000 690,000
Less: Current Portion (1. 191 .1021 (231,866)
Total Long-Term Liabilities 38,840.692 40. 160,324
Deferred Credits
Other Deferred Credits 262,888 262.723
Total Liabilities 41,705,471 41 .TT4,447
EQUITY
Contributed Capital
Municipal 5,042,863 4,654,526
,...., Customers 5,323,402 4,910,957
Intergovernmental 4,204,919 4,295,646
Total Contributed Capital 14,571.1 84 13,861,129
Retained Earnings:
Reserved for Debt Service 230,661 230,661
Unreserved 24,480.076 21,466.707
Total Retained Eamings 24,710,737 21 ,697,368
Total Fund Equity 39.281,921 35,558,496
TOTAL LIAB1LJT1ES ANO EQUITY s 80,987,392 s TT.332,944
87
CITY OF PASCO, WASHINGTON Exhibit E-4
ENTERPRISE FUNDS
STATEMENT OF CASH FLOWS
For The Years Ended December 31. 2000 And 1999
2000 1999
Cash flows from operating activities:
Cash received from customers $ 8,356.492 $ 8,009.467
Cash paid to suppliers (261,691) (316,776)
Cash paid to employees (1,386,075) (1,383.717)
Cash paid for other operating expenses (1,669,453) (1,634,742)
Cash paid for taxes on revenue (1,089.926) (936,697)
Net cash provided by operating activities 3,949.347 3,737,535
Cash flow from Non-Capital financing activites:
Prior year correction 7,974 0
Non-operating revenues 286,485 401 ,163
lnterfund Transfers-In/Out 1,1 09,455 191.806
Net cash used in non-capital financing activities 1.403.914 592.969
Cash flows from Capital and related financing activities:
Contributed capital 1,024,448 2,702,334
Proceeds from Bonds 0 970.976
Proceeds from Loans/Notes 2,096,035 2,692,310
Principal payments-bonds (585,000) (950,000)
Principal payments-State loan (1,600.109) (231,866)
Purchase of fixed assets (23,181,208) (5,517,198)
Construction Work-in-Process 19,777,734 (4,064.918)
Residual Equity Transfer-Out (6,100) (971,157)
Interest paid (1,050.765) (665.482)
Net cash used in capital and related financing activities (3,524.965) (6,035.001)
Cash flows from investing activites:
Receipts on Note Receivable 99.306 0
Interest received 616.822 503.484
Net cash provided from investing activities 716,128 503,484
Net increase in cash and cash equivalents 2,544,424 (1,201.013)
Cash and cash equivalents. January 1 9,313,374 10,514,387
Cash and cash equivalents. December 31 $ 11,857.798 $ 9,313.374
RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITES
Operating income $ 2,245,409 $ 2.195,776
Adjustments to reconcile operating income to net cash
provided by operating activities:
Depreciation expense 1,755.224 1,644,502
(lncrease)decrease in accounts receivable (99,418) 95.430
(lncrease)decrease in prepaid assets (169) 1,054
(lncrease)decrease in inventories 25.879 (72,876)
lncrease(decrease) in customer deposits (962) (3,484)
lncrease(decrease) in accounts payable 32,862 (186,629)
Increase (decrease) in taxes payable (17,675) 44,242
lncrease(decrease) in accrued employee benefits 8,033 13,274
Increase in advance minimum deposits 165 6.246
Total adjustments 1,703.939 1,541,759
Net cash provided by operating activities $ 3,949.347 $ 3,737.535
90
,..,
,..,
,...,
INTERNAL SERVICE FUNDS
The Internal Service Funds are used to account for all financing of goods and
services provided by one department or agency of the City to other departments or
agencies of the City, and to other government units, on a cost-reimbursement
basis.
Equipment Rental -Operating Fund -responsible for the operation and
maintenance of City-owned vehicles and equipment. Rates are set so as cover
operating and maintenance expenses of the equipment capitalized in the
Equipment Rental Replacement Fund.
Equipment Rental -Replacement Fund -responsible for the accumulation of
resources for future replacement of vehicles and equipment. The individual cost
and useful life of each vehicle or unit of equipment set rates.·
Central Stores Fund -accounts for the financing of copier charges and office
supplies utilized by various departments of the City. Charges are set merely to
replace inventory used.
l\tledical/Dental Insurance Fund -accounts for payments for medical and dental
insurance claims and related administrative costs.
91
CITY OF PASCO, WASHINGTON
INTERNAL SERVICE FUNDS
COMBINING BALANCE SHEET
As Of December 31, 2000 (With Comparative Totals For 1999)
EQUIPMENT
RENTAL·
OPERATING
ASSETS
Current Assets
Cash s 5,751
Accounts Receivable 0
lnterfund Loans Receivable 0
Inventories 0
Deferred Charges 0
Total Current Assets 5,751
Property, Plant & Equipment
Equipment & Machinery 0
Less: Accumulated Depreciation 0
Total Property, Plant & Equipment 0
TOTAL ASSETS s 5.751
LIABILITIES ANO EQUITY
Current Liabilities
Accounts Payable s 11 ,715
Deferred Revenue s 0
Due Other Governments 0
Total Current Liabilities 11.715
Long-Teem Liabilities
lnteriund Loans Payable 0
Accrued Employee Benefits 9,572
TOTAL LIABILITIES 21,287
EQUITY
Reserved for lnlerfund Loan 0
Reserved for Asset Replacement 0
Reserved for Inventories 0
Reserved for Future Claims 0
Retained Earnings (Deficit) (15.536)
Total Equity (15,536)
TOTAL LIABILITIES AND EQUITY s 5,751
EQUIPMENT
RENTAL-
REPLACEMENT
s 1,549,953
6,790
200,000
0
0
1,756.743
4,018,600
(1,666.728)
2.351.872
s 4.108,615
s 1,493
s 6,790
(32)
8,251
0
0
8.251
200,000
2,318,000
0
0
. 1.582.364
4,100.364
s 4,108.615
92
Exhibit F-1
MEDICAU
CENTRAL DENTAL TOTALS
STORES INSURANCE 2000 1999
s (15,166) s 464,762 s 2,005.300 s 2.097,335
0 0 6,790 10.605
0 0 200,000 0
18.087 0 18,087 12.929
0 0 0 0
2.921 464.762 2.230.177 2.120.869
0 0 4,018.600 3,612.049
0 0 (1,666,728) (1,374.690)
0 0 2.351.872 2,237.359
s 2.921 s 464,762 s 4.582.049 s 4.358.228
s 1,450 s 0 s 14.658 s 137,741
s 0 s 0 s 6,790· s 0
0 0 (32) 1.207
1,450 0 21,416 138,948
0 0 0 0
0 0 9.572 10.713
1.450 0 30.988 149,661
0 0 200,000 0
0 0 2,318,000 3.792,380
18,087 0 18,087 (1,432)
0 464,762 464,762 356,670
(16,616) 0 1,550,212 60.949
1.471 464,762 4,551.061 4,208.567
s 2.921 s 464,762 s 4,582.049 s 4,358.228
,.,
r,
,..,
,..,
,...,
,.....,
,-,
CITY OF PASCO, WASHINGTON
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF REVENUES. EXPENSES ANO CHANGES IN FUND EQUITY
For The Year Endeo December J1. 2000 (With Comparative Totats For 1999)
EQUIPMENT EQUIPMENT
RENTAL· RENTAL·
OPERATING REPLACMENT
OPERATING REVENUES
Charges for Services s 0 s 10.197
lnterfund Charges 378,820 228.180
Total Operating Revenues 378,820 238.3TT
OPERATING EXPENSES
Personal Services 114,028 0
Personnel Benefits 25.509 a
Supplies 206.227 a
Services and Charges 113,973 145,828
Depreciation 0 189.444
Total Operating Expenses 459,737 335.272
Net Operating Income (Loss) (80,917) (96,895)
NON-OPERATING REVENUES
Gains on Sales 0 0
Loan Repayment Issued a
Interest Income 1,975 100,923
Miscellaneous Revenue 2.457 0
lnlerfund Transfers•ln/(Out) 0 0
Total Non-Operating Revenues 4,432 100.923
Net Income (Loss) (76,485) 4,028
Fund Equity, January 1 60,949 3,792.380
Prior Period Corrections 0
Assets Purchased in Other Funds 0 303.956
Fund Equity, December 31 s (15,536) s 4.100.364
. 93
s
Exhibit F-2
MEDICAU
CENTRAL DENTAL TOTALS
STORES INSURANCE 2000 1999
11.717 s 35,022 s 56,936 s 84.826
0 1,039.594 1,646.594 1,639,417
11.717 1,074.616 1,703.530 1.724.243
0 a 114,028 102,970
a 914,155 939,664 805,050
25.947 a 232,17-4 201,688
4TT TT,151 337,429 687,881
a 0 189,444 185.998
26.424 991,306 1,812.739 1,983.487
(14,707) 83,310 (109,209) (259,244)
0 0 0 8,300
a 0 a (100,000)
0 23.929 126,827 94,689
0 853 3,310 0
10,000 0 10,000 377,592
10,000 24,782 140,137 380.581
(4,707) 108.092 30,928 121,337
(1 ,432) 356,670 4,208,568 3,191,384
7,509 0 7,609 2,452
a 0 303,956 893,395
s ~ s 464,762 s 4,551.061 s 4,208,568 -
CITY OF PASCO, WASHINGTON
INTERNAL SERV1CE i=UNOS
COMBINING STATEMENT OF C.>SH FLOWS
Fer The Year E~ded Decemoer J t. :ooo \W1lh ComoaroI1ve ToIa1s For 1999)
Cash nows trom operallng actlvilles:
C.un received trom users
C-aSh paid to SUPPiiers
Casn paid to employees
~sn paKi for other ooer.uing expenses
Nel cash provided (used} by
operating activities
Cash nows from non-capital
financing acth,itles:
Mtscettaneous revenue
Prior period adjustment
lnterfund Transten.
Cash nows from capital and related
nnancing activities:
Sale of fi,:ed asse1s
Loan rl:epa','fflent Issued
fntertuoa Loan Issued
Pun:nase of nr.ed asset$
Net Cash used by financing activities:
Cash nows from Investing activities:
Interest received
Net Increase (decrease~ in eash
Cash. January 1
Cash. December 31
EQUIPMENT
RENT~L-
OPERATING
s
J78.320
(203.508)
(1'0.678)
(113,973)
(79,339)
2.457
0
0
2.457
0
0
0
0
0
1.975
(74,908)
80.059
5,751
EQUIPMENT
RENTAL-
REPLACEMENT
248,982
0
0
(269,023)
120.0411
0
0
0
0
0
(200.000)
0
(200,000)
100,923
(119.118)
1.669.on
1.549.953
RECONCILIATION OF OPERATING INCOME TO NET C.>SH PROVIDED BY OPERATING ACTIVITIES
Oper.allng Income 180,91n (96.895\
Adjustmen1s to reconcile net income
to nel casn prov1ded by
operating Activities:
OepreciaUon exoense 0 189,444
{lnaease) in Accounts Recervdble 0 3,815
Increase (Decrease) in Oelerred Revenue 0 6,790
Increase 1n Accrued Employee 8enefits (1.141) 0
(tncrease) Decrease in lnvento,y 0 0
Increase in Cue To Other Govemmts. 0 (1.239)
lnc.-ease (Deaease) in Accounts Payable 2,719 (121,956)
Total Adjustments 1,578 78.854
Net Cash Provided by
Operating Acttvili~ s (79,339) $ (20,041)
94
CENTRAL
STORES
s
11.717
(34,951)
0
(4TT)
(2J.711)
0
7,610
10.000
17,610
0
0
0
0
0
(6,101)
(9,065)
115.166)
(14,707\
0
0
0
0
(5,158)
0
(J.846)
(9.00.)
(23.711)
MEOICAU
OENT-'L
INSURANCE
s
1,074.615
0
(914. 154)
(77,t5tl
8:l.J10
853
0
0
853
0
0
0
0
0
23.929
108,092
J56.670
J64,762
83.310
0
o.
0
0
0
0
0
0
BJ.310
2000
t.714.1J4
(2J8,459)
( 1.054.8J2)
(.t60.624}
(J9.781)
3,J10
7.610
10,000
20.920
0
0
(200,000)
0
(200.000)
126.827
(92.034)
2.097.J36
2.005.J02
(109,209)
189.-144
3,815
6,790
(1,141)
(5.158)
(1.239)
!123,083)
69.428
(39,781)
s
$
1999
1,T.!4,J33
(200.379)
(907,884)
(:564.8861
51.184
0
0
2n.s92
2TT.592
3.~00
(100.000)
0
0
(91,700)
9.t.689
l3t.i6S
1,765.571
2.097.336
(259.245)
185,898
90
0
1J6
0
(418)
12,.no
310,428
51.183
,.,
,..,
n
,.,
, '
TRUST AND AGENCY FUNDS
Trust funds are used to account for assets held by the City in a trustee capacity.
Agency funds are used to account for assets held by the City as an agent for
individuals, private organizations, other governmental units and/or other funds.
Cemetery Trust Fund -accounts for principal trust amounts received and related
interest income. The interest portion of the trust can be · transferred to the
Cemetery Fund for perpetual care of gravesites.
Cemetery Pre-Need Trust Fund -accounts for principal trust amounts received
and related interest income. Both interest and principal amounts of the trust can
be transferred to the Cemetery Fund when grave liners and markers are actually
purchased.
Fire Pension Funds -accounts for the sources and uses of funds to meet the
pension benefit rights of those firemen covered under the Plan prior to the
creation of Law Enforcement Officers and Fire Fighters (LE OFF) pension system
in 1970. Primary revenue sources are fire insurance premium ta"'<, property tax,
and investment earnings.
Payroll and Claims Clearing Funds -accounts for the receipt and disbursement
of moneys for payroll and accounts payable of the various funds of the City.
95 .
CITY OF PASCO, WASHINGTON
TRUST AND AGENCY FUNDS
COMBINING BALANCE SHEET
As Of December 31, 2000 (With Comparative Totals For 1999)
NON-
EXPENDABLE
TRUST
CEMETERY
TRUST FUND
ASSETS
Cash and Imprest Cash $ 228,168
Investments 0
Receivables, net:
Accounts 208
Interest 0
Grants 0
lnterfund Loans Receivable 0
Loans Receivable 0
TOTAL ASSETS $ 228,376
LIABILITIES AND FUND BALANCES
LIABILITIES
Outstanding Checks Payable $ 0
Accounts Payable 0
Due Other Governmental Units 0
Deferred Revenue · (303)
Deferred Compensation 0
Total Liabilities (303)
FUND BALANCES
Reserved for Loans 0
Other Reserves 228,679
Total Fund Balances 228,679
TOTAL LIABILITIES AND FUND BALANCES $ 228,376 :
96 .
Exhibit G-1
EXPENDABLE
TRUST PENSION TRUST
CEMETERY FIRE
PRE-NEED PENSION
$ 1,309 $ 251,204
0 2,139,505
0 0
0 191,373
0 0
0 14,000
0 169.662
$ 1,309 $ 2,765.744
$ 0 $ 0
0 0
0 0
0 0
0 0
0 0
0 183,662
1,309 2,582,082
1,309 2,765,744
$ 1,309 $ 2,765,744
,..,
,-,
AGENCY FUNDS TOTALS
PAYROLL CLAIMS
CLEARING CLEARING 2000 1999
$ 213,517 $ 108,485 $ 802,683 $ 1,938,723
0 0 2,139,505 1,034,520
,-, 0 0 208 (449)
0 0 191,373 403,450
0 0 0 0
14,000 31,700
0 0 169,662 191,828
$ 213,517 $ 108.485 $ 3,317,431 $ 3,599,773
,-,
,-, $ 56,864 $ 108,485 $ 165,349 $ 731,073
0 0 0 36,913
156,653 0 156,653 106,086
0 0 · (303) f1,129)
0 0 0 0
213,517 108.485 321,699 872,943
0 0 183,662 223,528
0 0 2,812,070 2,503,303
O · 0 2,995,732 2,726,831 ,....,
s 213,517 · .$ · 108,485 $ 3,317,431 s 3,599,773
,...
97
CITY OF PASCO, WASHINGTON
CEMETERY NON-EXPENDABLE TRUST FUND
COMPARATIVE BALANCE SHEET
As Of December 31, 2000 And 1999
ASSETS
Cash
Accounts Receivable
Exhibit G-2
2000 1999
$ 228,168 $ 218,894
208 (449) ----
TOTAL ASSETS $ 228,376 $ 218,444
LIABILITIES AND FUND BALANCE
LIABILITIES
Deferred Revenue $ (303) $ (1,129)
FUND BALANCE
Other Reserves 228,679 219,573
228,679 219,573
TOT AL LIABILITIES AND FUND BALANCES $ 228,376 $ 218,444
98
r
CITY OF PASCO, WASHINGTON Exh ibit G-3
CEMETERY NON-EXPENDABLE TRUST FUND
r-, COMPARATIVE STATEMENTS OF REVENUES, EXPENSES ANO CHANGES
IN FUND BALANCES
For The Years Ended December 31. 2000 And 1999
2000
OPERATING REVENUES
Charges for Services $ 9,106
EXPENSES 0
Operating Income 9,106
,-, NON-OPERATING REVENUES
Interest Income 14,283
OTHER FINANCING USES
Operating Transfers -(Out) (14,283)
Net Income 9,106
Fund Balances, January 1 219,573
Prior Year Adjustments
..-, Fund Balances, December 31 $ 228,679
,...,
99
1999
$ 9,319
0
9,319
10,713
(10,678)
9,355
210,158
60
$ 219,573
CITY OF PASCO, WASHINGTON
CEMETERY NON-EXPENDABLE TRUST FUND
STATEMENT OF CASH FLOWS
Exhibit G-4
For The Years Ended December 31, 2000 .O..nd 1999
2000
Cash flows from operating Activities:
Cash received from users $ 9,274
Net cash provided by operating activites 9,274
Cash Flows From Noncapital Financing Activities
Payments To Other Funds (14,283)
Prior Year Adjustments 0
Net Cash Uses By Noncapital Financing Activities (14,283)
Cash Flows From Investing Activities:
Interest Income 14,283
Net Cash Provided By Investing Activities 14,283
Net Increase In Cash And Cash Equivalents 9,274
Cash and cash equivalents, January 1 218,894
Cash and cash equivalents, December 31 $ 228,168
RECONCILIAtlON OF OPERATING INCOME TO NET CASH PROVIDED BY
OPERATING ACTIVITIES
Operating Income
Adjustments to reconcile operating income to
net cash provided by operating activities:
(Increase) Decrease in Accounts Receivable
Increase (Decrease) in Deferred Revenue
Net cash provided by operating activities
100
$ 9,106
(657)
825
$ 9,274
$
$
$
$
1999
8,581
8,581
(10,679)
60
(10,619)
10,713
10,713
8,676
210,218
218,894
9,319
536
(1,274)
8,581
CITY OF PASCO, WASHINGTON Exhibit G-6
CEMETERY PRE-NEED EXPENDABLE TRUST FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES
IN FUND BALANCES
For The Years Ended December 31, 2000 And 1999
2000
OPERATING REVENUES
Charges for Services $ 1,309
EXPENSES 0
Operating Income 1,309
NON-OPERATING REVENUES
Interest Income 0
OTHER FINANCING USES
Operating Transfers -(Out) 0
Net Income 1,309
Fund Balances, January 1 0
Prior Year Adjustments 0
Fund Balances, December 31 $ 1,309
102
1999
$
$
0
0
0
0
0
0
0
0
0
,..,
,..,
,..,
,...,
,-,
,...,
CITY OF PASCO, WASHINGTON
CEMETERYPRE~EEDEXPENDABLETRUSTFUND
STATEMENT OF CASH FLOWS
For The Years Ended December 31, 2000 And 1999
Cash flows from operating Activities:
Cash received from users
Net cash provided by operating activites
Cash Flows From Noncapital Financing Activities
Payments To Other Funds
Net Cash Uses By Noncapital Financing Activities
Cash Flows From Investing Activities:
Interest Income
Net Cash Provided By Investing Activities
Net Increase In Cash And Cash Equivalents
Cash and cash equivalents, January 1
Cash and cash equivalents, December 31
Exhibit G-7
2000 1999
$ 1,309 $
1,309
0
0
0
0
1,309
0
$ 1,309 $
RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED BY
OPERATING ACTIVITIES
Operating Income $ 1,309 $
Adjustments to reconcile operating income to
net cash provided by operating activities:
(Increase) Decrease in Accounts Recei11able 0
Increase (Decrease) in Deferred Revenue 0
Net cash provided by operating activities $ 1,309 $
, 103
0
0
0
0
0
0
0
0
0
0
0
0
0
CITY OF PASCO, WASHINGTON
FIRE PENSION TRUST FUND
COMPARATIVE BALANCE SHEETS
As Of December 31, 2000 And 1999
ASSETS
Cash
Investments
Interest Receivable
lnterfund Loans Receivable
Loans Receivable
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts Payable
FUND BALANCES
Reserved for Loans
Other Reserves
Total Fund Balances
TOTAL LIABILITIES ANO FUND BALANCES
$
$
$
$
Exhibit G-8
2000 1999
251,204 $ 845,759
2,139,505 1,034,520
191,373 403,450
14,000 31,700
169,662 191,828
2,765,744 $ 2,507,258
0 $ 0
183,662 223,528
2,582,082 2,283,730
2,765,744 2,507,258
2,765,744 $ 2,507,258
-104
,-,
,..,
,...
,..,
,...,
,.
CITY OF PASCO, WASHINGTON Exhibit G-9
FIRE PENSION TRUST FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES
IN FUND BALANCES
For The Years Ended December 31, 2000 And 1999
2000 1999
OPERATING REVENUES
Intergovernmental Revenue $ 17,576 $ 30,890
OPERATING EXPENSES
Pension Services 80,769 79,381
Net Operating Income (Loss) (63,193) (48,492)
OTHER INCOME
lnterfund Loan Payments Received 0 0
Interest Income 315,653 287,562
315,653 287,562
Net Income 252,460 239,071
Fund Balances, January 1 2,507,259 2,268,188
Prior Year Adjustments 6,025 0
Fund Balances, December 31 $ 2,765,744 $ 2,507,259
105
CITY OF PASCO, WASHINGTON
FIRE PENSION TRUST FUND
STATEMENT OF CASH FLOW
For The Years Ended December 31, 2000 And 1999
Cash flows from operating activities:
Cash received from users
Cash payments to employees
Net cash used by operations
Cash flows from investing activities:
Principal received on loan receivable
Moneys Invested
Interest received
Net cash provided by investing activities
Net increase in cash
Cash, January 1
Cash, December 31
s
$
Exhibit G-10
2000 1999
17,576 s 30,890
(80,769) (79,581)
(63,193) (48,692)
39,866 31,016
(886,881) 0
315,653 53.955
(531,362) 84,972
(594,555) 36,280
845,759 809,479
251,204 $ 845,759
RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED BY
OPERATING ACTIVITES
Operating income (loss) s (63.193) s (48.492)
Adjustments to reconcile operating income to net cash
provided by operating activities:
Increase (Decrease) in Accounts Payable 0 (200)
Net cash used by operating activities s (63. 193) s {48,692}
106 .
,..,
,..,
,...,
,...,
GENERAL ACCOUNT GROUPS
General Fixed Assets Account Group is used to account for the City's
capitalized general fixed assets, other than those related to proprietary or similar
trust funds.
General Long-Term Debt Account Group is used to account for the principal of
the long-term general obligation debt of the City other than that accounted for in
proprietary funds. Included are voted and non-voted general obligation debt,
special assessment debt, accumulated employee leave benefits, and other general
obligation debt, all of which are backed by the full faith and credit of the City of
Pasco.
107
CITY OF PASCO, WASHINGTON
COMPARATIVE STATEMENT OF GENERAL FlXED ASSETS
-BY SOURCE
As Of December 31 . 2000 And 1999
GENERAL FIXED ASSETS
Equity in Joint Ventures
Land
Buildings
Improvements Other than Buildings
Equipment
Work-in-Progress
TOTAL GENERAL FIXED ASSETS
INVESTMENTS IN GENERAL FIXED ASSETS FROM
General Fund
Other Operating Funds
General Obligation Bonds
TOTAL INVESTMENT IN GENERAL FIXED ASSETS
$
$
$
s
108
Exhibit H-1
2000 1999
69,064 $ 51,691
1,353,332 1,271,670
16,269,102 14,264,616
7,351,668 4,013,042
1,590,007 1,609,098
39,431 4,614,772
26,672,604 $ 25,824,889
26,672,604 s 13,303,942
0 3,300,947
0 9,220,000
26,672,604 s 25,824,889
,...,
,..,
,.,
,-,
,-,
,...,
,-,
r
CITY OF PASCO, WASHINGTON
SCHEDULE OF GENERAL FIXED ASSETS
• BY FUNCTION AND ACTIVITY
As Of Decemoer 31. 2000
FUNCTION AND ACTIVITY
GENERAL GOVERNMENT:
C,ty Manager s
c:1y Attorney
Finance
Non-Departmental
Total Gen. Government
SECURITY OF PERSONS 8. PROPERTY:
Municipal Court
POiice
F,re
Total Public Safety
PHYSICAL ENVIRONMENT:
Engineering
Maintenance
Total Phys. Environment
TRANSPORTATION
Mult;.Modal Fac~ily
ECONOMIC ENVIRONMENT:
Community Development
CULTURE 8. RECREATION:
Par1<s 8. Recreation
TOTAL GENERAL
FlXED ASSETS s
IMPROVMNTS.
OTHER THAN
LAND BUILDINGS BUILDINGS
0 s 0 s 0
0 0 0
0 0 0
552,084 11,370,518 337,672
552,084 11,370,518 337.672
0 0 0
0 0 8,635
111,836 1,765,784 8,125
111,836 1,765,784 16,760
0 0 0
0 28,732 0
0 28.732 0
0 1,669,697 0
0 207. 126 57,660
689.412 1,227.245 6,939.576
1,353.332 s 16,269,102 s 7,351,568
109
Sxn1b1t H-2
MACHINERY CONSTRUCT. EQUITY IN
AND IN JOINT
EQUIPMENT PROGRESS VENTURES TOTAL
s 8,640 s 0 s 0 s 3,64
4,224 0 0 4,22
24,401 0 0 24,40
549,71 2 0 69,064 12,879.05
586,977 0 69,064 12,916,31
4,858 0 0 4,85,
405,121 0 0 413,75•
224,679 0 0 2, 110,42,
634,558 0 0 2.529,031
42,934 0 0 42.93'
33,938 0 0 62.67(
76,872 0 0 1os.ao,
0 0 0 1,669,691
14,359 0 0 279,145
277,141 39.431 0 9,172.805
s 1,590.007 s 39,431 s 69,064 s 26,672,504
CITY OF PASCO, WASHINGTON
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
-BY FUNCTION AND ACTIVITY
As Of December 31, 2000
FUNCTION AND ACTIVITY
GENERAL GOVERNMENT:
City Manager
City Attorney
Finance
Non-Departmental
Total General Government
SECURITY OF PERSONS & PROPERTY:
Municipal Court
Police
Fire
Total Public Safety
PHYSICAL ENVIRONMENT:
Engineering
Maintenance
Total Physical Environmental
TRANSPORTATION
Multi-Modal Facility
ECONOMIC ENVIRONMENT:
Community Development
CULTURE & RECREATION:
Parks & Recreation
TOTAL GENERAL FIXED ASSETS
Jan. 1, 2000
s 9,600
4,693
27,112
11,920,305
11,961,710
s 5,398
356,523
2,087,555
2.449.476
47,704
67,178
114,882
1,712,510
289,086
9,248,430
s 25,769,271
110
Exhibit f4-3
Additions Deductions Dec. 31, 2000
s 0 s 960 s 8,640
0 469 4,224
0 2,711 24,401
1,331,178 372.433 12,879,050
1,331,178 376,573 12.916,315
s 0 s 540 4,858
92.430 35,197 413,756
1,136,231 1,113.362 2. 110.424
1,228.661 1,149,099 2,529,038
0 4,770 42,934
0 4,508 62,670
0 9,278 105,604
0 42,813 1,669,697
0 9,941 279,145
3,581.394 3,657,019 9,172,805
s 6,141,233 s 5,244,723 s 26,672.604
,......
CITY OF PASCO, WASHINGTON
SCHEDULE OF LONG-TERM DEBT
GENERALLONG~ERMDEBTACCOUNTGROUP
As Of December 31 . 2000 And 1999
AMOUNT AVAILABLE ANO TO BE PROVIDED
Cash
Amount Available in Debt Service Funds
Amount to be Provided for Bond Payments
Amount to be Provided for Compensated Absenses
TOTAL AMOUNT AVAILABLE ANO TO BE PROVIDED
GENERAL LONG-TERM DEBT PAYABLE
Accruec. Employee leave Benefits
Genera' Obligation Bonds Payable
1999 Anticipation Notes
1993 G.O. Bonds
1999 G.0. Bonds
1994 l.T.G.O. Bonds
1995 l.T.G.0. Bonds
State LOCAL loan
TOTAL GENERAL LONG-TERM DEBT
s
s
s
s
! I I
Exhibit 1-1
2000 1999
0 s 0
77,653 0
14,232.347 14.725.000
1.255.474 1.016.570
15,565.474 s 15,741.570
1,048,767 s 1,016.570
4,300,000 .1,300,000
3,605.000 3,805.000
1,700.000 1,700.000
3.405.000 3.565,000
1,300.000 1,355.000
206.707 0
15,565,474 s 15,741,570
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112
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,-,
SUPPLEIVIENTAL INFOR.l\tIATION
These schedules provide additional fiscal information considered valuable in
understanding the finances of the City of Pasco and are required by the Office of
the State Auditor, State of"Washington, for the Annual Financial Report.
113
THIS PAGE INTENTIONALLY LEFT BLANK
114
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MCAG NO. 0292
CITY OF PASCO. WASHINGTON
SCHEDULE 8 • REAL ANO PERSONAL PROPERTY TAXES
(ALL TAX-SUPPORTED FUNDS)
Far the Year Enced December 31. 2000
TAXES
FUND RECEIVABLE
NO. FUND NAME 01/01/2000
010 General Fund S 184,248
110 Raad 887
271 93 Bonds 28,106
272 Fire/l.ibrary Bonds o
TOTAL TAXES S 213.241
TAX
RATE
/$1.000
S 3.0710
0.0000
0.5479
0.1144
S 3.7333
TAXES TAXES
LEVIED TAXES NET TAX REC.
REPORT YEAR COLLECTED ADJUST. 12/31/2000
S 2.923,906 S 2.895.502 S 6,562 S 219,21 4
887) o
413,955 409,097 323 33.287
106.203 101 .091 7S 5.187
S 3,444.064 S 3.405.690 S 6.073 $ 257.688
115
MCAG NO. 0292
CITY OF PASCO, WASHINGTON
SCHEDULE 9 • LONG-TERM DEBT . L.I.D. ASSESSMENTS
Year Ended December 31 , 2000
ISSUE
ID. NO. ANO DESCRIPTION PURPOSE DATE
BONDS:
1996 C.LI.O. 126 Bonds 582.41.73 12196
NOTES:
263.63 LID 121 Note 581.20.77 9191
TOTAL L. I. D. ASSESSMENT DEBT
FINAL ORIGINAL
MATURITY INTEREST ISSUE
DATE RATE AMOUNT
12108 4.25-5.65 S 2.376.659
2,376.659
9102 7.50% 117,341
117,341
S 2,494,000
116
LIO 126 Bonds
LIO 121 Note
r-,
BEGINNING
UNMATURED
OEST
S 1,515.000
1,515,000
31,700
31,700
S 1,546.700
AMOUNT
ISSUED
so
0
0
0
so
AMOUNT
DUE THIS
PERIOD
S 350,000
350,000
17,700
17,700
S 367,700
117
ENDING
UNMATUREO
DEBT
S 1,165,000
1,165.000
14,000
14.000
S 1,179.000
MCAG NO. 0292
CITY OF PASCO. WASHINGTON
SCHEDULE 9 • LONG-TERM DEBT . G.0. ANO REVENUE
Year Ended December 31, 2000
DESCRIPTION
G.O.OEBT
Councilmanlc G.O. Bonds
251.11 1994 G.0 .8. Sertes 8
251.11 1995 L.T.G.0.B. Sladium
251.11 1999 G.O.B. Sertes 1999
251.11 Stale L.0.C.A.L. Bond
Total Councllmanic G.O. Bonds
Voted G.O. Bonds
251.12 1993 G.O.B. Civic Center
251.51 1999 G.0.B. Library
Total Voted G. 0 . Bonds
TOTAL G.O. DEBT
UTILITY DEBT
263.82 P.W.T.F Loan #89036 -Road 68 Water Tank
252.11 1994 WIS Revenue Bonds
263.81 Stale Revolving Loan Fund
263.81 P.W.T.F. Loan #95025 -Sewer Plant
263.81 P.W.T.F. Loan #95026 • Road 100 Water Res.
252.11 1998 WIS Revenue Bonds
252.15 1998 WIS Refunding Bonds
252.11 1998 WIS Revenue Bonds
263.82 Council of Governments Loan
252.11 1999 WIS Revenue Bonds
263.81 P.W.T.F. Loan ;1()0691043
TOTAL UTILITY DEBT
ISSUE
PURPOSE DATE
594.73.62 09/01/1994
594.74.SJ 04/01/1995
594.74.SJ OS/1811999
02/01/2000
594.73.62 12/01/1993
594.7J.62 10/01/1999
594.34.63 07/24/1989
594.34.63 11/01/1994
594.35.SJ 05/31/1994
594.35.63 06/30/1995
594.34.63 061:l0/1995
594.35.63 09/15/1998
594.34.SJ 09/15/1998
594.35.63 09/15/1998
594.35.63 06/01/1998
594.35.63 1010711999
594.35.63 07105/2000
118
FINAL ORIGINAL
MATURITY INTEREST ISSUE
DATE RATE AMOUNT
12/01/2014 5.0-6.1°/, 3,725.000
04/01/2015 4.36-6.1'1', 1.550.000
06/01/2001 3.65¾ 6.0oo.ooo
06101/2009 572.00¾ 225.000
11 .500.000
12/01/2013 4.5-5.5% 4.800.000
12/01/2019 5.2•5.6% 1.700.000
6.500.000
S 18.000.000
07/24/1909 3.0~~ S 1.245.000
06/01/2014 4.5-6.4'1', 8.705.000
10/31/2015 1.0% 23.700.000
06/30/2015 1.0% 812.700
06/30/2015 1.0% 2.587.300
06/01/2018 5.5-o.45¾ 2.255.000
06/01/2014 3.8-4.So/o 6.725.000
06/01/2014 J.7-l.8o/. 1.515.000
06/01/2003 3.0-6.0¾ 690.000
09/01/2016 4.10-5.8¾ 985.000
06/30/2020 1.0o/. 1.890.000
S 51.210.000
THIS PAGE INTENTIONALLY LEFT BLAJ.~
120
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r
MCAG NO. 0292
CITY OF PASCO, WASHINGTON
SCHEDULE 10 • COMPUTATION OF LEGAL DEBT MARGIN
For the Year Ended December 31. 2000
Property Valuation for 2000 Taxes
GENERAL PURPOSES
Limit of 2.5% of Assessed Value
Councilmanic:
Capacity (1.5% of Assessed value)
Less:
G.0. Bonds Outstanding S 9,211,707
T.R.A.C. Obligation 1.042.759
Compensated Absences 1.048.767
Available Unvoted • Approved Capacity
Voter-Approved:
Capacity (2.5% of Assessed Value)
Less:
Councilmanic Debt 10,254.466
G.0. Bonds Outstanding 5.305,000
Available Voter-Approved Capacity
Remaining Capacity for General Purposes
UTILITY PURPOSES
Voter-Approved:
Capacity (2.5% of Assessed Value)
Available Utility Capacity
OPEN SPACE AND PARK FACIUTIES
Voter-Approved:
Capacity (2.5% of Assessed Value)
Available Open Space and Park Facilities Capacity
TOTAL AVAILABLE DEBT CAPACITY
S 951,680.952
S 23.792.024
14,275,214
11,303.233 (11.303,233)
2,971,981
23,792.024
15.559.466 (15,559.466)
8,232.558
(3,070.675)
23,792.024
23,792,024
23,792.024
23,792.024
S 44,513,373
121
MCAG NO. 0292
CITY OF PASCO, WASHINGTON
SCHEDULE 11 • CASH ACTIVITY
For fhP. Year Ended Oecemoer J 1. ::.ooo
BEG INVESTMENT TRANSFERS TOT,>.L
FUND FUND NAME BALANCE RECEIPTS SALES IN RECEIPTS
010 GENERAL S 1.696.490 S 16.466.970 so S 1.7"25.607 S 18. 192.,.:-
110 CITY STREET 122.744 456.120 0 482.130 938.::50
120 ARTERIAL STREET 173.074 603.981 0 151.985 755.966
130 STREET OVERLAY 375.905 407.221 0 n .= 479.S.."6
140 COMM. DEV. BLOCK GRANT -102.n1 826.558 0 6.012 832.570
145 KING COMMUNITY CTR. 27.216 28.893 0 61.485 90.376
150 AMBULANCE FUND 0 35.109 0 0 35.109
155 CONTINGENCY 122.,99 7.813 0 0 7.813
160 CEMETERY -19.205 111.888 0 0 111.888
165 ATHLETIC PROGRAM 67.973 80.980 0 0 80.980
170 SENIOR CENTER 59.722 93.606 0 ·51 .185 154.791
180 MULTI-MODAL FACILITY 40.727 38.589 0 0 38.589
181 81-CENTENIAL FUND 4,416 282 0 0 282
185 BOAT BASIN 14,899 10.668 0 0 10.668
190 OEMOUTION & REPAIR 2.419 56.653 0 0 58.653
191 TRAC 9.421 126.480 0 15.720 142.200
192 PARK 4:39.804 197.114 0 0 197.114
193 CAPITAL IMPROVEMENT 322.168 229.647 0 0 229.647
195 STADIUM/CONVENTION -879 147.362 0 51.970 199.332
196 GOLF RESIDENTIAL 576.337 45,150 0 0 45.150
271 93 G.0.8. CIVIC CTR -8.117 414.593 0 0 414.593
272 99 BONO LIB/FIRE 7.700 101.573 0 0 101.573
367 GENERAL PURP. CONST. 1.593.283 6.000 0 207.096 215.096
368 MISC. FINANCED FUND 935,845 0 0 16.001 16.001
410 WATER/SEWER 8.102.693 13.488.051 0 266.912 13.754.963
410-1 WIS INVEST ACCTS. 1,210,481 0 0 2.692.287 2.692.287
510 ea RNTL-OPERATIONS 80.658 -17.040 0 305.471 288.4:31
515 ea RNTL-REPLACEMENT 1.669.on 165.128 0 187.095 352.223
520 MEDICAUDENTAL 351,891 93.721 0 731.241 824.962
530 CENTRAL STORES -11,123 0 0 7.571 7.571
605 CEMETERY TRUST 218.894 23.640 0 0 23.640
606 CEMETERY PRENEED TRUST 0 1,309 0 0 1,309
615 FLEX SPENDING TRUST FUND 4.170 0 0 53.605 53.605
620 FIRE PENSION 845.759 461.969 0 16.783 478.752
625 LIO GUARANTEE 941.335 170.586 0 0 170.586
650 INVESTMENT CONTROL -19.870.no 10.216.013 3.200.000 0 13.416,013
690 PAYROLL CLEARING 178.229 0 0 11.944.243 11.944,2-S.3
695 CLAIMS CLEARING 695.842 0 0 19,693.453 19.693.453
700 LIO CONSTRUCTION FUND -947.137 -87.743 0 485.570 397.827
701 LIO CONTOL FUND 750.858 1.269.411 0 60.960 1.370.371
TOTALS S 682.422 S 46.300.295 S 3.200.000 S 39.316.717 S 88.817.012
122
-----
INVESTMENTS CE9T SERV CLAIMS P/R TRANSF:RS OTHER ,OTAL ENDING
?URCHASED & ~IEDtDENT TRANSFERS TRANSFERS OUT ADJUSTMTS DISBURSEMENTS BALANCE
S 278.316 S384.813 S 5,374,480 S 9,386,199 S 1,065.471 S 9,16,240 S 17,435,519 S 2,453.547
0 0 306,749 303,359 194,904 --17,570 757A42 303,552
0 0 559.594 o 24,193 -33,882 549.905 379. 135
0 0 237,773 0 ·22,457 ·2.113 213,203 642.258
0 0 599,950 97,510 106.760 210,468 1,014,686 -284.887
0 0 48.069 45.257 --1,482 •199 88,645 28,949 ,.., 0 0 16,844 169,814 -98,202 --10,404 48,052 -12,943
0 0 0 0 0 0 0 130.012
o. 0 29.375 85.952 18,283 -11.382 122.228 ·29.545
0 0 98,814 54.564 5.538 -18.551 140,165 8.788
0 0 94,003 94,951 6,369 -10.022 185.301 29.212
0 0 25,273 1.939 984 12.198 40,374 38,942
0 0 0 0 0 0 0 4,698
0 0 3.392 0 932 5,762 10.088 15.481
0 0 10.687 0 6.012 ·2.255 14,444 44,528
0 0 198,285 0 0 -66.000 132.285 19.336
0 0 0 0 0 154,089 154.089 482.829
0 0 0 0 0 17,714 17.714 534,101
0 131.870 180.286 453 1,359 ·128.616 187.150 11,303
0 0 19.638 0 0 1,725 21.363 600. 124
0 391,998 107 0 0 1.934 394.039 12,437
0 0 100 0 45.293 -1,355 44.038 65,235
0 0 1,438.697 0 -186.417 -84, 149 1.168,131 640.248
0 0 0 0 531,975 76.555 608,530 343.316
499,842 224,045 6,487,415 1,451,329 4,253,684 ·1,678,792 11 ,237,523 10,620.JJJ ,....., 0 757,749 0 0 4,172 1.903.380 2.665.301 1.237,467
0 0 293,507 139,363 -<17,910 -1,621 363,339 5.750
0 0 238.028 0 161.970 71.345 471,341 1,549,954
0 830.094 189,825 0 ·268,412 .J9.416 712.091 464,762
0 0 35.407 0 --1,146 -19.647 11 ,614 -15, 166
0 0 0 0 0 1 ... 366 14,J66 228. 168
0 0 0 0 0 o 0 1,309
o 56,807 0 0 --1,564 2.171 54,414 3,361
0 0 40,744 0 39.800 992.763 1,073,307 251,204
o 0 17,098 0 105.580 -51,764 70,914 1,041,007
13,050,000 0 0 0 0 105.575 13,155.575 ·19.610.332
0 1,151,958 1,397,599 0 922,693 8 ... 36,704 11,908,954 213,518
0 0 0 0 0 20.280.810 20.280.810 108.485
0 0 1,411,157 0 78.614 207.742 1,697.513 ·2.246,823
0 431,410 112 0 151:118 487,498 1.706, 1:l8 415.091
S 13,828.158 S 4,360.544 S 19,352.806 S 11.930.690 S 7,705.094 S 31.693.297 s S8.no.sa9 S 728.844
123
MCAG NO. 0292
CITY OF PASCO. WASHINGTON
SCHEDULE 12 • OPERATION OF INVESTMENTS. ALL FUNDS
For The Year Ended Decemcer J t. 2000
INVESTMENT
FUND FUND BALANCE
NO. DESCRIPTION 01/01/2000
620 Fire Pension 1,034.520
650 Surplus Cash 19.870,TTO
TOTAL s 20.905.290 s
INVESTMENTS INVESTMENT
(AT COSTS) BALANCE
ACCUIREO LIQUIDATED 12/31/2000
1,104,985 0 2,139,505
0 260.438 19,610,332
1. 104,985 s 260.438 s 21,749.837
124
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MCAG NO 0292
CITY OF PASCO. WASHINGTON
SCHEDULE lJ. CASH ANO INVESTMENTS.
SCHEDULE 14 • SHORT-TERM INTEREST-aEARING DEBT.
SCHEDULE 15 • CONTRIBUTIONS FOR EMPLOYEE BENEFITS •
For The Year Ended Oecemoer J1. 2000
ALL MONEY HELO
FOR REDEMPTION OF
LONG-TERM OEST
CASH AND INVESTMENTS
Cash and Oepasils
Federal Seeurities
s 966,101
Federal Agency Securities
Other Securities
SHORT-TERM INTEREST-SEARING DEBT
Balance as of Beginning of Year
Balance as of End of Year
CONTRIBUTIONS FOR EMPLOYEE BENEFITS
Retirement Programs
To Federal Social Securily System
To Stale Admnislere<l Em!)loyee
Retirement System
To Locally Admnislered Employee
Retiremefll SyStem
For Comnerical Annuity Ptans
Direct Pension Payments
TOTAL ALL RETIREMENT PROGRAMS
lnsur.anca Progr.ams
FOf' Healtn. Hosotral. Dental
and OisaOt~ty Insurance -Self-Insured
For Ctner Oenral Insurance
FOf' Life insurance
F0t wonunen·s Comcensalion tnsuranca
For Unemployment Compensation • Sett-Insured
TOTAL ALL INSURANCE PROGRAMS
0
0
0
966.101
0
0
s
UNEXPENDED
PROCEEDS OF
BONO ISSUES
125
0
0
0
0
0
594.103
402.766
0
0
33.790
1,030.659
1,002,042
28.283
161,336
25.278
1.217.941
ALL OTHER
MONIES
s 18.708.387
50.759
901,945
2,086.746
s 21.749.837
MCAG NO. 0292
CITY OF PASCO, WASHINGTON
SCHEDULE 16 • EXPENDITURES OF FEDERAL AWARDS
For the Year Ended Oecember 31 . 2000
Granter/
Pass-Through Granter
Program Title
Department of Justice:
Local Law Enforcement Block Grant
COPS Grant
Department of Community Development:
Narcotics Task Forces
U.S. Department of Housing & Urban Development:
Community Development Block Grant
U.S. Department oi Commerce
EDA Grant
U.S. Department oi Health & Human Services Indirect Awards
Office of Aging & Long-Term Care
Foot Care
Office of Aging & Long-Term Care
SCSA • Health Screening
Federal
CFDA
Number
16.592
16.711
16.579
14.218
11 .300
93.044
93.044
Other
Identification
Number
96-LB-VX-0652
97-CM-WX-1013
F97-374014
8-97 -MC-560009
07-01-03813
96-009-391 (PA)
U.S. Department ot Transportation Indirect Award lrom Washington State Department ot Transportation
Project 99-3-05. Road 36 Reconstruction 20.205
Project 99-3-06. Road 44 Overlay
Project 00-3-06. Court St.@ 20th Overlay
TOTAL FEDERAL ASSISTANCE:
20.205
20.205
The accompanying notes to the Schedule of Expenditures of Federal Awards are
an integral part of this schedule.
126
s
Current Year
Expenditures
6,830
61.920
68.750
274.036
274.036
715.105
715,105
187.909
187,909
11,219
9.895
21. 114
44135
102084
53135
199354
1,466.268
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MCAG NO. 0292
CITY OF PASCO. WASHINGTON
SCHEDULE 16 • STATE ANO LOCAL FINANCIAL ASSISTANCE
For :he Year Ended December 31 , 2000
Gran tori
Pass-Through Granter
Program Title
Community Development Block Grant Program Income
Pasco School District
OARE Reimbursement
IAC For Outdoor Recreation Grant
Youth Activity Fund
Washington Dental Service Foundation Grant
(Water Floridation Project)
TOTAL STATE & LOCAL ASSISTANCE:
Federal
CFOA
Number
The accompanying notes :o the Schedule of State and Local Assistance are
an integral part of this schedule.
Other
Identification Current Year
Number Expenditures
72.924
15.944
5000
214500
s 308,368
127
CITY OF PASCO, \VASHINGTON
NOTES TO THE SCHEDULE OF FEDERA.L AW ARDS
(AND ST ATE/LOCAL FINANCIAL ASSISTANCE)
NOTE 1 -Basis of Accounting
The Schedule of Financial Assistance is prepared on the same basis of accounting as the
City's financial statements. The City uses the modified accrual basis.
NOTE 2 -Program Costs
The amounts shown as current year expenditures represent only the federal portion of the
program costs. Actual program costs, including the City's portion, may be more than
shown.
NOTE 3 -Revolving Loan -Program Income
The City has a revolving loan program for low-income housing. Under this federal grant,
repayments to the City are considered program revenues (income) and loans of such
funds to eligible recipients are considered expenditures. No loan funds were disbursed in
2000. The amount of principal and interest received in loan repayments for the year was
$72,924.
NOTE 4-Federal/Local Loans
The City has been receiving the proceeds of loans through the State of \Vashington
Department of Ecology SRF (State Revolving Funds) Loan. Those proceeds are being
used to finance the construction of several major utility fund projects. Tne City has prior
year federal loans outstanding with balances totaling $23,872,169. Both current and prior
year loans are reported on the Schedule of Long-Term Debts.·
128