HomeMy WebLinkAbout2002 ACFRby 2018. The Hanford Glassification Contract with Bechtel is a long term DOE
Project that is anticipated to bring in up to 4,000 construction jobs between
2002 and 2006. An additional 2,000 white-collar employees will be hired during
the design phase starting in 2002. This should be reduced to approx. 1,100 by
2005. The number of white-collar jobs should remain steady until 2009 when it
is expected to shrink to the number of engineers and operators needed to run
the plants on a regular basis.
The arrival of these new workers and others has created a strong real estate
market in the Tri-Cities. It is estimated that more than 2000 apartments and
2000 homes will be needed for newcomers. The average home price was
$139,000 in 2001. According to a recent report commissioned by the Hanford
Communities to study the impact of the new plants, approximately 12% of
newcomers are expected to make Pasco their new home. This report also
estimated that local communities would need an additional $10 million dollars
over the next nine years to hire additional police and firefighters due to
population increases. School districts will also be scrambling to find additional
teachers and classroom space for the estimated 1,445 new students that will
arrive by 2005.
In 2002, the City issued a total of 2,117 Building Permits representing over
$113. 5 million in construction costs. Of the total permits, 792 were for new
single-family residences and equates to $99.8 million in valuation.
MAJOR INITIATIVES
Economic development and continued improvement of the quality of life for its
residents will be the main emphasis of the City Council during the next two
years. The City Council's 2002/2003 objectives are outlined in the following
fifteen goals:
• Update the 1-182 Corridor Development Plan with an eye toward assuring
that adequate commercial development space is retained during the on-
going surge of residential development.
• Implement an effective strategy to finance on-going street maintenance.
Pasco's share of the state gas tax funds approximately 40% of annual
expenses related to on-going street maintenance. It is critical that the
City find an appropriate balance between revenues and expenditures
6
FINANCIAL OVERVIEW -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 2002 and the amount and percentage of increases and
decreases in relation to prior year revenue.
Increase/ Percent of
2002 Percent of (Decrease) Increase/
Sources of Funds Revenues Total from 2001 (Decrease)
Taxes:
Property $ 3,726,928 15.02% $ 614,275 19.73%
Sales & Use 6,892,015 27.78% 1,266,241 22.50%
Utility 4,430,255 17.86% 622,670 16.35%
Other 900,989 3.63% 367,047 68.74%
Licenses & Permits 1,510,419 6.09% 495,038 48.75%
Intergovernmental 923,826 3.72% ( 9,033) (0.97%)
Charges for Services 1,882,236 7.59% (32,783) (1.71%)
Fines & Forfeitures 646,048 2.60% 164,613 34.19%
Investment Earnings 160,296 0.65% (90,850) (36.18%)
Miscellaneous Revenues 585,363 2.36% 86,403 17.32%
Operating Transfers In 534,647 2.16% 500,647 1472.49%
Other Financing Sources 216141622 10.54% (11874,876) (41.76%)
$24 1807 1644 $2 1 109 1392
The following table presents a summary of general government expenditures
(General Fund, Special Revenue Funds and Debt Service Funds) and other
financing uses for 2002 and the amount and percentage of increases and
decreases in relation to prior year revenue.
10
Unreserved Percent General
Fund Balance Increase/ Fund Percent of
Year December 31 (Decrease) Budget Budget
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 13.50%
2001 4,060,369 81.44% 20,003,006 20.30%
2002 8,452,829 108.18% 17,975, 111 47.03%
OTHER FUNDS
Water and Sewer Utility
The water and sewer utility activity is primarily the operation and maintenance
of a .domestic water system that supplies potable water and water for fire
protection purposes; and a sewer system that safely and efficiently transports
sewage to a regional sewage treatment facility. The City owns and operates
the utility as a separate enterprise fund; it provides water and sewer service to
virtually all of the City's residents. Net income from the combined water and
sewer utility was ($66,847) in 2002 as compared to $774,802 in 2001 and
$1,587,648 in 2000.
The City's water system currently serves approximately 10,593 customers,
9,877 of which reside within City limits and approximately 93% of those are
single-family residential customers. The latest water rate increase became
effective on January 1, 2003. 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 currently serves approximately 8,623 customers, 90% of
which are single-family residential customers. The latest increase in sewer
rates became effective on January 1 , 2003.
12
Independent Auditor's Report on Financial
Statements
City of Pasco
Franklin County
January 1, 2002 through December 31, 2002
Mayor and City Council
City of Pasco
Pasco, Washington
We have audited the accompanying general purpose financial statements of the City of Pasco, Franklin
County, Washington, as of and for the year ended December 31, 2002, as listed on page 9. These
financial statements are the responsibility of the City's management. Our responsibility is to express an
opinion on ttiese financial statements based on our audit.
• I I
We conducted our financial audit in accordance with governmental auditing standards generally accepted
in the United States of America. issued by the Comptroller General of the United States. Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatements. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our audit provides a reasonable
basis for our opinion.
In our opinion, the general purpose financial statements referred to above present fairly, in ail material
respects, the financial position of the City of Pasco, as of December 31, 2002, and the changes in
financial position and cash flows, where applicable, thereof, for the year then ended, in conformity with
accounting principles generally accepted in the United States of America.
In accordance with Government Auditing Standards in the United States of America, we will issue our
report on our consideration of the City's internal control over financial reporting and our tests of its
compliance with certain provisions of laws, regulations, contracts and grants. That report is an integral
part of an audit performed in accordance with Government Auditing Standards and should be read in
conjuction with this report in considering the results of our audit.
Our audit was perfonned for the purpose of forming an opinion on the financial statements taken as a
whole. The accompanying Schedule of Expenditures of Federal Awards is presented for purposes of
additional analysis as required by U.S. Office of Management and Budget Circular A-133, Audits of
States, Local Governments, and Non-Profit Organizations. The accompanying Schedule of Long-Term
Debt and Schedule of State and Local Financial Assistance are also presented for purposes of additional
analysis. These schedules are not a required part of the financial statements. Such supplemental
20
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information has been subjected to the auditing procedures applied in the audit of the financial statements
and, in our opinion, is fairly presented, in all material respects, in relation to the financial statements taken
as a whole.
BRIAN SONNTAG,CGFM
ST ATE AUDITOR
July 30, 2003
. ,
21
MCAG NO. 0292
CITY OF PASCO, WASHINGTON Exhibit 1
COMBINED BALANCE SHEET
ALL FUND TYPES AND ACCOUNT GROUPS
As Of December 31. 2002 (With Comparative Totals For 2001)
SPECIAL DEBT CAPITAL EXPENDABLE
GENERAL REVENUE SERVICE PROJECTS TRUSTS
ASSETS:
Cash and Imprest Cash $ 7.069.201 $ 5.629,296 $ 3,130,480 $ 757.795 $ 109,721
Cash with Fiscal Agent 50,000
Investments (Note 3)
Receivables (net):
Taxes 1,950,770 193,377 49,128
Accounts 40,242 291.940 5,876
Special Assessments 2,854,318
Interest 46,591 27,947 19,541 (2,584) 622
Grants 259,651
Loans/Advances Receivable 276,584
lntertund Loans Receivable (Note 13) 1,964,800 23,185
Inventories, at Cost (Note 1)
Prepaid Expenses
Restricted Assets: (Note 1)
Cash and Investments
Fixed Assets (Note 6)
OTHER DEBITS:
Unamortized Debt Discount
Amount Available in Debt Service Funds
Amount to be Provided for Retirement of Long Term Debt
TOTAL ASSETS $ 11 ,121,604 $ 6,701,980 $ 6,053,467 $ 755,211 $ 116,219
LIABILITIES, EQUITY AND OTHER CREDITS
LIABILITIES:
Outstanding Checks Payable $ 0 $ 0 $ 0 $ 0 $ 0
Accounts Payable 439,305 611,348 195,983
Claims not Reported
Matured Bonds Payable 50,000
Retainage Payable 52,434 77,145
lntertund Loans Payable (Note 13) 2,104,500 151,017
Due to Other Governmental Units 14,314 3,946
Accrued Interest Payable 10,127
Accrued Employee Benefits (Note 1)
Deposits Payable 170,883 12,518
G. 0. Bonds Payable (Note 10)
Revenue Bonds Payable (Note 10)
Assessment Bonds Payable 901 ,975
Other Long Term Liabilities
Unamortized Discount on Refunding Debt
Unclaimed Property 1,127
Deferred Revenue 16,681 1.753 2,419,086
Total Liabilities 692,310 2,786,499 3,482,205 273,128
EQUITY AND OTHER CREDITS
Investment in General Fixed Assets
Contributed Capital (Note 14)
Retained Earnings: (Note 14)
Reserved
Reserved for Employees' Pension benefits
Unreserved
Fund Balances : (Note 14)
Reserved 1,976,465 54,158 2,571,262 482,083
Unreserved-Undesignated 8,452,829 3,861,323 116,219
Total Equity and Other Credits 10,429,294 3,915,481 2,571 ,262 482,083 116,219
TOTAL LIABILITIES, EQUITY AND OTHER CREDITS $ 11,121,604 $ 6,701,980 $ 6,053,467 $ 755,211 $ 116,219
See Accompanying Notes to Financial Statements 24
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CITY OF PASCO
Notes to Financial Statements
December 31, 2002
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of the City of Pasco have been prepared in conformity
with generally accepted accounting principals (GAAP) 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 expenditures
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. GOVERNMENTAL 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.
37
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CITY OF PASCO
Notes to Financial Statements
December 31, 2002
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 1 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 1 percent limit.
The City's general levy for 2002 was $3.0634 per $1,000 on an assessed
valuation of $1,127, 156,465 for a total regular levy of $3,452,931.
NOTE 5. INTERGOVERNMENTAL GRANTS AND 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 2002.
NOTE 6. FIXED ASSETS AND DEPRECIATION
A. General Policies
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 per valuation
tables where historical cost is not known. Useful lives of asset
classifications are depreciated using the straight-line method as follows:
Buildings -40 years; Improvements -20 years; and machinery & equipment -
10 years.
51
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CITY OF PASCO
Notes to Financial Statements
December 31, 2002
D. Negative Fund Balances and Bank Overdrafts
The following funds report a negative fund balance and/or a bank overdraft
at December 31, 2002.
Fund Fund Balance Cash Balance
Community Block Grant $(148, 944) $258,395
M. L. King Community Center 153 (4,221)
Ambulance Services 4,312 (167,382)
Cemetery (9,233) (227,605)
Senior Center (1,498) (8,932)
T. R.A. C. Development
& Operation 18,789 (889,605)
Stadium/Convention Center 6,302 (588,643)
Equipment Rental Operations 22,557 (17,610)
Central Stores (20,401) (13,036)
NOTE 15. JOINT VENTURES
A. Bi-County Police Information Network
The Bi-County Police Information Network (Bl-PIN) was established
November 24, 1982, when an lnterlocal Agreement was entered into by five
participating municipal corporations, the cities of Kennewick, Pasco, and
Richland, and Benton and Franklin Counties. Bl-PIN was established to assist
the participating police and sheriff's departments in the deterrence and
solution of criminal incidents. Bl-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 lnterlocal
Agreement, the net assets will be shared based upon participant
contribution.
69
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CITY OF PASCO
Notes to Financial Statements
December 31 , 2002
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 six participating municipal corporations
entered into an lnterlocal Agreement. These entities include 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
City Manager, or designee, of each of the cities and a member from each of
the Boards of 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 responsibility 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.
The City of Pasco's equity interest in Metro was $19,834 on June 30, 2002,
which is reflected in Equity in Joint Ventures in the General Fixed Assets
Account Group. The City does not anticipate any income distribution from
Metro since charges are assessed only to recover anticipated expenses.
Complete separate financial statements for Metro may be obtained at the
City of Pasco, 525 North Third Street, Pasco, Washington.
D. Trade, Recreation, Agricultural Center
In 1994 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.
71
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CITY OF PASCO, WASHINGTON Exhibit A-2
r-, GENERAL FUND
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COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
For The Years Ended December 31, 2002 And 2001
2002 2001
REVENUES
Taxes $ 15,950,187 $ 13,079,954
Licenses & Penmits 1,510,419 1,015,381
Intergovernmental Revenue 923,826 932,859
Charges for Services 1,882,236 1,915,019
Fines & Forfeitures 646,048 481,435
Interest 160,292 251,146
Miscellaneous Revenue 585,363 498,960
Total Revenues 21,658,371 18,174,754
EXPENDITURES
Current:
General Government 3,388,433 3,133,298
Security of Persons and Property 9,153,170 8,417,803
Physical Environment 930,681 750,329
Economic Environment 304,258 269,308
Mental and Physical Health 5,916 6,892
Culture and Recreation 2,094,022 1,848,657
Capital Outlay 1,144,682 670,386
Debt Service
Principal 281,937 4,538,136
Interest 417,406 475,368
Total Expenditures 17,720,505 20,110,177
Excess of Revenues Over Expenditures 3,937,866 (1 ,935,423)
OTHER FINANCING SOURCES (USES)
Disposition of Fixed Assets 15,233 231 ,305
Proceeds of General L-T Debt 2,539,548 4,248,876
Loan Repayments 12,800 7,860
Insurance Recoveries 47,041 1,457
Operating Transfers -In 534,647 34,000
Operating Transfers -(Out) (2,154,759) (695,280)
Total Other Financing Sources (Uses) 994,510 3,828,218
Excess of Revenues and Other Financing Sources
Over Expenditures and Other Financing Uses 4,932,376 1,892,795
Fund Balance, January 1 5,900,234 3,896,941
Prior Year Corrections (540,016) (160,242)
Equity Transfers In 136,700 270,740
Fund Balance, December 31 $ 10,429,294 $ 5,900,234
79
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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 tax 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 tax to meet debt service requirements on bonds issued for the renovation
of the Pasco Public Library and construction of Fire Station No. 1 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.
105
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CITY OF PASCO, WASHINGTON Exhibit C-2
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
For The Year Ended December 31, 2002 (With Comparative Totals For 2001)
,..,
1993 G. 0 . 1999 U.T.G.O.
CIVIC CTR LIBRARY/ L.I.D. UD. TOTALS
BOND FIRE STAT. GUARANTY ASSESSMENTS 2002 2001 ,..,
REVENUES
Property Tax $ 451,486 $ 132,843 $ 0 $ 0 $ 584,329 $ 499,752
Local Sales & Use Tax 0 0 0 0 0 0
Principal Payments 0 0 0 1,453,875 1,453,875 1,097,701
Penalties and Interest on Assessments 0 0 0 298,108 298,108 223,054
Interest 3,639 1,775 22,749 29,113 57,276 99,216
,-, Total Revenues 455,125 134,618 22,749 1,781,096 2,393,588 1,919,723
EXPENDITURES
Capital Outlay 0 0 0 0 0 0
Misc. Expenditures 0 0 13 0 13 51
Debt Seivice:
Principal 215,000 35,000 0 565,000 815,000 205,000
Interest and Fiscal Agent Charges 93,507 90,838 0 80,584 264,929 357,045
,-, Total Expenditures 308,507 125,838 13 645,584 1,079,942 562,096
Excess (Deficiency) of Revenues
Over Expenditures 146,618 8,780 22,736 1,135,512 1,313,646 1,357,627
OTHER FINANCING SOURCES (USES)
Proceeds From Sales of Assets 0 0 0 0 0 (687)
Bond Proceeds 1,095 0 0 565,000 566,095 0
lnterfund Loans 0 0 0 0 0 0
Operating Transfers -In 0 0 0 0 0 0
Operating Transfers -(Out) 0 0 0 0 0 (1,285,590)
Total Other Financing Sources (Uses) 1,095 0 0 565,000 566,095 (1,286,277)
Excess (Deficiency) of Revenues
Over Expenditures and Other
Financing Sources (Uses) 147,713 8,780 22,736 1,700,512 1,879,741 71,350 ....,
Fund Balances, January 1 44,614 68,540 1,105,960 (527,593) 691,521 829,721
Prior Year Corrections 0 0 0 0 0 0
Residual Equity Transfer ln/(Out) 0 0 4,782 (4,782) 0 (210,654)
Assessment Adjustment For Foreclosures 0 0 0 0 0 1,104
,..., Fund Balances, December 31 $ 192,327 $ 77,320 $ 1,133.478 $ 1,168,137 $ 2,571,262 $ 691,521
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CAPITAL 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 .
111
CITY OF PASCO, WASHINGTON Exhibit E-3
ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUES AND EXPENSES h-1-1' s For The Year Ended December 31, 2002 ?flJI n ,.o" ,
1,J./J/,, Ol~
INDUSTRIAL
SEWER WASTEWATER TOTAL
OPERATING REVENUE
Water Sales $ 0 $
Sewer Sales 4,229,143
Charges for Services 85,951
Total Operating Revenue 4,315,094
OPERATING EXPENSES
Personnel Services 418,878 648,079 1,168,814
Personnel Benefits 124,935 305,104
Supplies 184,921 285,274
Operational & Maintenance Services & Charges 813,361 1,978,555
Bad Debt Expense 6,072 13,653
Depreciation 687,572 2,661,489
State Services 8,199 12,212 38,579
Property Taxes 49 456 519
Taxes on Revenues 502,248 126,374 1,162,850
Total Operating Expenses 2,746,235 901,772 7,614,837
Operating Income 705,747 1,415,975
NON-OPERATING REVENUES (EXPENSES)
Interest Income 235,308 476,925
Interest Expense (131,158) (1,748,830)
Misc. Non-Operating. Revenue 30,615 61,229
Farmland Rental 0 479,693
Operating Transfers-In 0 0 0
Operating Transfers-(Out) 0 0
Amortization Expense (2,621) (45,743)
Total Non-Operating Revenues (Expenses) (778,437) (776,726)
Net Income (430,173) 255,798
Retained Earnings, January 1
Residual Equity Transfer-ln/(Out) (763,490) 0
Prior Period Adjustment 0 (80,017) 0
Equipment Purchase for Equipment Rental 0 0 0
Amortization of Contributed Capital 377,348 78,808 0
Retained Earnings, December 31 \.. $ 24,962,635
119
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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 (LEOFF) pension system
in 1970. Primary revenue sources are fire insurance premium tax, 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.
Landfill Remediation Fund -accounts for principal trust amounts received and
related interest income. Both interest and principal amounts can be used to pay
for cleanup costs associated with East Pasco Landfill cleanup costs.
125
Exhibit G-1
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PENSION TRUST AGENCY FUNDS TOTALS
FIRE PAYROLL CLAIMS
PENSION CLEARING CLEARING 2002 2001
$ 229,659 $ 176,261 $ 58,940 $ 832,747 $ 778,887
2,784,492 0 0 2,784,492 3,052,728
0 0 0 8,442 3,296
248,556 0 0 250,673 234,967
0 0 0 0 0
0 0 7,100
120,566 0 0 120,566 145,944
$ 3,383,273 $ 176,261 $ 58 ,940 $ 3,996,920 $ 4,222,922
,......
$ 0 $ 5,488 $ 58 ,940 $ 64,428 $ 127,622
0 (303) 0 (303) 0
0 171,076 0 171,076 171 ,928
0 0 0 0 0
0 0 0 0 0
0 176,261 58 ,940 235,201 299,550
,-,
120,566 0 0 120,566 153,044
3,262,707 3,262,707 3,514,981
0 0 0 378,446 255,397
3,383,273 0 0 3,761 ,719 3,923,422
$ 3,383,273 $ 176,261 s 58,940 $ 3,996,920 $ 4,222,972
127
...,
,.,
'""'
,....
,.....
r
,...,
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.
141
r
....
,....
-
MCAG NO. 0292
CITY OF PASCO, WASHINGTON
SCHEDULE 16 • EXPENDITURES OF FEDERAL AWARDS
For the Year Ended December 31, 2002
Grantor/
Pass-Through Granter
Program Title
.(p Department of Justice:
""v,•./' STOP Formula Grant 2001 Cffe Narcotics Task Forces
Local Law Enforcement Block Grant (1999)
Local Law Enforcement Block Grant (2000)
Local Law Enforcement Block Grant (2001)
Local Law Enforcement Block Grant (2002)
Economic Development Administration
Economic Development Administration Grant
U.S. Department of Housing & Urban Development:
Community Development Block Grant
U.S. Department of Health & Human Services Indirect Awards:
Office of Aging & Long-Term Care
Foot Care (indirect)
SCSA • Health Screening (indirect)
Environmental Protection Agenc~
State of Washington -State Revolving Funds Loan (indirect)
Emergency Management Performance Grant (indirect)
Federal Other
CFDA Identification
Number Number
16.576 F01-30301-045
16.579 F97-374014
16.592 1999-LB-VX-8777
16.592 2000-LB-VX-2758
16.592 2001-LB-BX-1362
16.592 2002-LB-BX-0616
11.307 07-79-04955
14.218 B-97 -MC-560009
93.044 96-009-391 (PA)
93.044
66.458 L9400013
83.552
U.S. Department of Transportation Indirect Award from Washington State Department of Transportation:
Project 00-5-01 , W. Lewis St. Beautification (indirect) 20.205 P-E-17 4(P01 )-1
Project 00-3-08, Road 68 Widening (indirect) 20.205 8-4-174(018)-1
Traffic Safety Commission -DUI OT (indirect)
Traffic Safety Commission -CIOT (indirect)
TOTAL FEDERAL ASSISTANCE:
20.601
20.604
The accompanying notes to the Schedule of Expenditures of Federal Awards are
an integral part of this schedule.
157
J8-01-03
157-01-02
18,660
25,344
33,698
5,454
Current Year
Expenditures
,,, c,-., "> v Y1 22,763
40,115 oto-</A>'
83,156
146,034
178,893/1/,? -'/-'j3,
864,045 I y'' •f/33/ I'-'
13,980 /7.J -y~~~,z.....
10,733 I )I. fJJ71,.$
152,673
147,013
24,713
21,910,287 tJ -'J,,1.-<, rr,
______ 1,;_1_44_ 0 0 -<I ~1
21,911,431
$
299,686 \1)1
5,336 \ ,-0 0-e./ '?].I.J ~ 9,848
314,870
23,439,986