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Government Auditing Standards
GAS
OVERNMENTUDITING TANDARDS
Government Auditing Standards
Government Auditing Standards
Internal service funds
(net of depreciation)
The notes to the financial statements are an integral part of this statement.
The notes to the financial statements are an integral part of this statement.
The notes to the financial statements are an integral part of this statement.
The notes to the financial statements are an integral part of this statement.
The notes to the financial statements are an integral part of this statement.
The notes to the financial statements are an integral part of this statement.
The notes to the financial statements are an integral part of this statement.
The notes to the financial statements are an integral part of this statement.
The notes to the financial statements are an integral part of this statement.
The notes to the financial statements are an integral part of this statement.
The notes to the financial statements are an integral part of this statement.
Governmental activities
business-type activities
Direct expensesProgram
revenues
general revenues.
accrual
basis of accounting
modified accrual basis of accounting
General Fund
Tax Increment District No. 3 Special Revenue Fund
Debt Service Fund
Capital Improvements Capital Project Fund
Municipal State-Aid for Construction Capital Project Fund
Infrastructure Construction Capital Project Fund
Municipal Liquor Fund
Golf Course Fund
Earle Brown Heritage Center Fund
Water Utility Fund
Sanitary Sewer Utility Fund
Storm Drainage Utility Fund
Street Light Utility Fund
Recycling Utility Fund
Internal Service Funds
operatingnon-operating
Fund Balance
Nonspendable
Restricted
Committed
Assigned
Unassigned
Net Position –
Accounting and Financial Reporting for Postemployment Benefits Other than Pensions
CITY OF BROOKLYN CENTER, MINNESOTA
COMBINING BALANCE SHEET
NONMAJOR CAPITAL PROJECT FUNDS
December 31, 2016
Total
CapitalNonmajor
ReserveStreetCapital
EmergencyReconstructionTechnologyProjects
ASSETS
Cash and investments1,084,057$ 3,853,977$ 250,384$ 5,188,418$
Receivables:
Accounts - net- 162,384 - 162,384
Total assets1,084,057 4,016,361 250,384 5,350,802
LIABILITIES
Accounts payable- - 143 143
FUND BALANCES
Committed
Emergency capital improvements1,084,057 - - 1,084,057
Street improvements- 4,016,361 - 4,016,361
Technology improvements- - 250,241 250,241
Total fund balances1,084,057 4,016,361 250,241 5,350,659
Total liabilities and fund balances1,084,057$ 4,016,361$ 250,384$ 5,350,802$
CITY OF BROOKLYN CENTER, MINNESOTA
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES
NONMAJOR CAPITAL PROJECT FUNDS
For the Year Ended December 31, 2016
Total
CapitalNonmajor
ReserveStreetCapital
EmergencyReconstructionTechnologyProjects
REVENUES
Franchise fees-$ 664,501$ -$ 664,501$
Investment earnings (net of market value adjustment)9,435 31,639 1,344 42,418
Total revenues9,435 696,140 1,344 706,919
EXPENDITURES
Current:
General government- - 40,323 40,323
Capital outlay:
General government- - 75,536 75,536
Public works- 1,725,871 - 1,725,871
Debt service:
Bond issuance costs- 29,668 - 29,668
Total expenditures- 1,755,539 115,859 1,871,398
Excess (deficiency) of revenues
over (under) expenditures9,435 (1,059,399) (114,515) (1,164,479)
OTHER FINANCING SOURCES
Transfers in- - 150,000 150,000
Issuance of debt- 1,820,000 - 1,820,000
Premium on issuance of debt- 72,006 - 72,006
Total other financing sources - 1,892,006 150,000 2,042,006
Net change in fund balance9,435 832,607 35,485 877,527
Fund balances - January 11,074,622 3,183,754 214,756 4,473,132
Fund balances - December 311,084,057$ 4,016,361$ 250,241$ 5,350,659$
These tables contain trend information to help the reader understand the
City’s financial performance by placing it in historical perspective.
These tables contain information to help the reader assess the City’s most
significant “own-source” revenue, property taxes.
These tables present information to help the reader assess the affordability
of the government’s current levels of outstanding debt and the City’s ability
to issue debt in the future.
These tables offer demographic and economic indicators to help the reader
understand the environment within which the City’s financial activities take
place.
These tables contain service and infrastructure data to help the reader
understand how the City’s financial report relates to the services the City
provides and the activities it performs.
Fund Balance and Governmental Fund Type
Definitions.
Fund Balance and Governmental Fund Type
Definitions.
Fund Balance and Governmental Fund Type
Definitions.
Fund Balance and Governmental Fund Type
Definitions.