Jurisdicción y competencia capítulo
3.8 Cuestiones y conflictos de competencia
Internal Service Funds are used to account for the financing of goods and services provided by one department to other departments of the City and to other governmental units, on a cost- reimbursement basis.
Equipment Replacement To account for the associated costs of purchasing vehicles and equipment for rental to other departments. Equipment Maintenance To record the financial activity of fleet maintenance operations.
Insurance Reserve To record the financial activity related to insurance and risk retention for liability and casualty issues.
Employee Benefits Trust To record the financial activity of a self funded insurance trust fund that covers eligible employees and dependent health, life, and dental claims.
Workers Compensation To record the financial activity of a self- funded worker’s compensation insurance trust fund.
City of Yuma, Arizona
Combining Statement of Net Assets Internal Service Funds
June 30, 2008
Employee
Equipment Equipment Insurance Benefits Workers
Assets Replacement Maintenance Reserve Trust Compensation Totals
Current Assets:
Cash and Investments $ 18,269,593 $ 61,947 $ 533,8182,453,735 $ 1,054,720$ $ 22,373,813 Accounts Receivable - 54,789 42,562 - 33,623 130,974 Intergovernmental Receivable - 16 - - - 16 Accrued Interest 105,821 - 12,057 3,295 3,894 125,067 Inventory, at cost - 563,823 - - - 563,823 Prepaid Items 1,047- - - 1,047- Total Current Assets 681,62218,375,414 2,508,354 537,113 1,092,237 23,194,740 Noncurrent Assets:
Capital Assets:
Land - 219,610 - - - 219,610 Buildings - 19,251 - - - 19,251 Improvements Other than Buildings - 189,631 - - - 189,631 Equipment 26,675,542 203,492 - - - 26,879,034 Less Accumulated Depreciation (82,225)(15,653,600) - - (15,735,825)-
Total Noncurrent Assets 549,75911,021,942 - - 11,571,701- Total Assets 1,231,38129,397,356 2,508,354 537,113 1,092,237 34,766,441
Liabilities
Liabilities:
Accounts Payable 10,486 172,851 96,585 191 7,386 287,499 Accrued Payroll, Taxes and Benefits Payable - 136,850 - - - 136,850 Estimated Claims and Judgements - - 30,347 - 635,985 666,332 Due to Other Funds 495,603- - 270,087- 765,690 Total Liabilities 805,30410,486 126,932 191 913,458 1,856,371
Net Assets
Invested in capital assets, net of related debt 11,021,942 549,759 - - - 11,571,701 Unrestricted (123,682)18,364,928 2,381,422 536,922 178,779 21,338,369 Total Net Assets $ 426,07729,386,870 $ 2,381,422$ 536,922$ 178,779$ 32,910,070$
City of Yuma, Arizona
Combining Statement of Revenues, Expenses and Changes in Fund Net Assets Internal Service Funds
Employee
Equipment Equipment Insurance Benefits Workers
Replacement Maintenance Reserve Trust Compensation Totals
Operating Revenues:
Charges For Services $ - $ 4,288,666 $ 1,781,987 $ - $ - $ 6,070,653 Contributions
City - - - - 840,103 840,103 Property Damage Restitution - - 5,328 - - 5,328 Equipment Rental 3,206,097 - - - - 3,206,097 Miscellaneous - 32,806- 2,610 40,920 76,336 Total Operating Revenues 4,288,6663,206,097 1,820,121 2,610 881,023 10,198,517 Operating Expenses:
Claims Incurred - - 26,840 - 186,508 213,348 Premiums to Insurance Carriers - - 527,180 62,040 111,782 701,002 Administration 51,380 4,380,936 659,798 8,700 33,000 5,133,814 Depreciation 18,6092,311,019 - - 2,329,628- Total Operating Expenses 4,399,5452,362,399 1,213,818 70,740 331,290 8,377,792 Operating Income/(Loss) (110,879)843,698 606,303 (68,130) 549,733 1,820,725 Non-Operating Revenue/(Expenses):
Interest 799,072 - 89,958 26,440 39,914 955,384 Gain on the Sale of Assets 322,963 - - - 322,963- Total Non-Operating Revenues 1,122,035 89,958- 26,440 39,914 1,278,347 Change in Net Assets 1,965,733 (110,879) 696,261 (41,690) 589,647 3,099,072 Net Assets, Beginning 536,95627,421,137 1,685,161 578,612 (410,868) 29,810,998 Net Assets, Ending $ 426,07729,386,870 $ 2,381,422$ 536,922$ 178,779$ 32,910,070$
For the Year Ended June 30, 2008
Employee
Equipment Equipment Insurance Benefits Workers
Replacement Maintenance Reserve Trust Compensation Totals
Cash Flows from Operating Activities:
Cash Received from Customers $ 3,154,717 $ 4,384,386 1,820,152 $ 2,610 $ 847,401 $ 10,209,266
Cash Paid to Employees - (1,260,671) - - - (1,260,671) Cash Paid to Suppliers - 160,417 - (70,732) - 89,685 Cash Paid For Operating Expenses (3,109,808)- (1,259,641) (505,979)- (4,875,428)
Net Cash Flows Provided by/(Used for)
Operating Activities 3,154,717 174,324 560,510 (68,122) 341,422 4,162,851 Cash Flows from Noncapital Financing Activities:
Cash Received from Other Funds - - - (282,995)- (282,995) Net Cash Flows Provided by/(Used for)
Noncapital Financing Activities - - - - (282,995) (282,995) Cash Flows from Capital and
Related Financing Activities:
Proceeds from Sale of Capital Assets 383,216 - - - - 383,216 Payments for Capital Acquisitions (150,194)(3,792,840) - - (3,943,034)-
Net Cash Flows Used for Capital
and Related Financing Activities (3,409,624) (150,194) - - - (3,559,818) Cash Flows from Investing Activities
Receipt of Interest 828,664 90,110- 27,949 43,736 990,459 Net Cash Flows Provided by Investing Activities 828,664 90,110- 27,949 43,736 990,459 Net Increase/(Decrease) in Cash and Cash Equivalents 573,757 24,130 650,620 (40,173) 102,163 1,310,497 Cash and Cash Equivalents, July 1, 2007 37,81717,695,836 1,803,114 573,991 952,557 21,063,315 Cash and Cash Equivalents, June 30, 2008 $ 61,94718,269,593 $ 2,453,735$ 533,818$ 1,054,720$ 22,373,813$
Reconciliation of Operating Income/(Loss) to Net Cash
Provided by/(Used for) Operating Activities:
Operating Income/(Loss) $ 843,698 $ (110,879) $ 606,303 $ (68,130) $ 549,733 $ 1,820,725
Adjustments to Reconcile Operating Income/(Loss) to Net Cash Provided by/(Used for) Operating Activities:
Depreciation Expense 2,311,019 18,609 - - - 2,329,628 (Increase)/Decrease in Accounts Receivable - 95,720 31 - (33,622) 62,129 (Increase)/Decrease in Inventory - 27,781 - - - 27,781 (Increase)/Decrease in Prepaid Items - (1,047) - - - (1,047) Increase/(Decrease) in Accounts Payable - 132,635 (41,510) 8 7,386 98,519 Increase/(Decrease) in Payroll Liabilities - 11,505 - - - 11,505 Increase/(Decrease) in Claims Incurred but Not Reported - (4,313)- (182,075)- (186,388)
Total Adjustments 285,2032,311,019 (45,793) (208,311)8 2,342,126 Net Cash Provided by/(Used for) Operating Activities $ 174,3243,154,717 $ 560,510$ (68,122)$ 341,422$ 4,162,851$
For the Year Ended June 30, 2008 City of Yuma, Arizona
Internal Service Funds Combining Statement of Cash Flows
Variance with Final Budget
Actual Positive
Original Final Amounts (Negative)
Resources (inflows):
Charges for Services $ 3,185,997 $ 3,185,997 $ 3,206,097 $ 20,100
Interest 750,000 750,000 49,072799,072
Total Revenues 3,935,997 3,935,997 69,1724,005,169 Amounts Available for Appropriation 3,935,9973,935,997 4,005,169 69,172 Charges to Appropriations (outflows):
Current
Administration 51,380 51,380 51,380 -
Capital Outlay 5,831,614 5,836,011 2,063,2923,772,719
Total Expenditures 5,882,994 5,887,391 2,063,2923,824,099 Total Charges to Appropriations 5,887,3915,882,994 3,824,099 2,063,292 Excess of Resources Over
Charges to Appropriations $ (1,951,394)(1,946,997) $ 181,070 $ 2,132,464 Reconciliation to Change in Net Assets:
Capital Outlay 3,772,719
Loss on Sale of Assets 322,963
Depreciation and Amortization (2,311,019)
Change in Net Assets $ 1,965,733
NOTE: This exhibit is prepared on the modified accrual basis to correspond with the City's budget practices. It is not intended to present the operations in accordance with generally accepted accounting principles.
For the Year Ended June 30, 2008
Budget City of Yuma, Arizona Budgetary Comparison Schedule Equipment Replacement Internal Service Fund
(Non-GAAP Budgetary Basis)
Variance with Final Budget
Actual Positive
Original Final Amounts (Negative)
Resources (inflows):
Charges for Services $ 3,694,734 $ 3,694,734 $ 4,286,777 $ 592,043 Miscellaneous - 1,889- 1,889 Total Revenues 3,694,734 3,694,734 593,9324,288,666 Amounts Available for Appropriation 3,694,7343,694,734 4,288,666 593,932 Charges to Appropriations (outflows):
Current
Administration 3,728,164 3,728,164 4,380,936 (652,772) Capital Outlay 139,500 139,500 (10,694)150,194 Capital Outlay
Total Expenditures 3,867,664 3,867,664 (663,466)4,531,130 Total Charges to Appropriations 3,867,6643,867,664 4,531,130 (663,466) Excess of Resources Over
Charges to Appropriations $ (172,930)(172,930) $ (242,464) $ (69,534) Reconciliation to Change in Net Assets:
Capital Outlay 150,194
Depreciation and Amortization (18,609)
Change in Net Assets $ (110,879)
NOTE: This exhibit is prepared on the modified accrual basis to correspond with the City's budget practices. It is not intended to present the operations in accordance with generally accepted accounting principles.
For the Year Ended June 30, 2008
Budget City of Yuma, Arizona Budgetary Comparison Schedule Equipment Maintenance Internal Service Fund
Variance with Final Budget
Actual Positive
Original Final Amounts (Negative)
Resources (inflows):
Charges for Services $ 2,072,574 $ 2,072,574 $ 1,781,987 $ (290,587) Property Damage Restitution 5,000 5,000 5,328 328 Miscellaneous - - 32,806 32,806
Interest 50,000 50,000 39,95889,958
Total Revenues 2,127,574 2,127,574 (217,495)1,910,079 Amounts Available for Appropriation 2,127,5742,127,574 1,910,079 (217,495) Charges to Appropriations (outflows):
Current
Premiums to Insurance Carriers 835,266 835,266 527,180 308,086 Claims Incurred 174,000 174,000 26,840 147,160 Administration 611,000 611,000 (48,798)659,798 Total Expenditures 1,620,266 1,620,266 406,4481,213,818
Total Charges to Appropriations 1,620,2661,620,266 1,213,818 406,448 Excess of Resources Over
Charges to Appropriations $ 507,308507,308 $ $ 696,261 $ 188,953 Reconciliation to Change in Net Assets:
Change in Net Assets $ 696,261
NOTE: This exhibit is prepared on the modified accrual basis to correspond with the City's budget practices. It is not intended to present the operations in accordance with generally accepted accounting principles.
For the Year Ended June 30, 2008
Budget City of Yuma, Arizona Budgetary Comparison Schedule Insurance Reserve Internal Service Fund
(Non-GAAP Budgetary Basis)