St. Joseph Newsleader • www.thenewsleaders.com
Friday, April 25, 2014
Run
from front page an active chapter. There are nearly 100 chapters throughout the United States. SJP is one of four in Minnesota. “Sarah and I both needed to complete a CAS project, and as the president of our school’s “She’s the First” chapter, I also wanted to organize a 5K fundraiser for the spring semester,” Kolb said. “Our Run the World 5K was the perfect marriage between the two. Sarah and I are also both passionate about supporting girls’ education, and we wanted to do something
meaningful to support a cause we are so inspired by during high school.” Kolb and Schrup hoped to have more than 100 participants at the 5K and raise $1,500. They have met both of those goals. Last semester, SJP’s chapter raised $400 from a November cupcake sale. Kolb said total funds raised from all fundraisers so far this year are about $2,500. The students were able to pay for first-grade student, Tsion T.’s, education in Ethiopia. With the additional funds, they plan to send three more girls to school in Ethiopia. SJP assistant principal Paul Menard said many girls in developing countries aren’t taught
basic sex education or personal-hygiene skills. They often cannot afford books or shoes to attend school. Some of the girls are removed from their homes in eighth grade to attend school, so they are not forced to be the main homemaker for their family at the age of 14. Menard said the girls, because of the “She’s the First” program, not only receive monetary support, but they are also aware other students are supporting them. “They are aware there are young ladies and men who are supporting and communicating the importance of education, and encouraging and supporting the students to continue on their
City of St. Joseph Summary Financial Report For the Year Ended 2013
3
educational path,” Menard said. Menard said “She’s the First” is an organization that has gained momentum on the national level during the past several years. SJP students said they felt this was an organization that seeks to change the entire culture in developing countries, to give women equal access to education. SJP was able to choose the country, and the organization assigns the students to sponsor. Registration begins at 9 a.m. and the race begins at 9:30 a.m. Because this is a fundraising event, there will be no refunds due to weather cancellation. In case of cancellation, organizers will call the event by 6 a.m.
contributed photo
Through previous fundraising, St. John’s Prep students sponsored first-grade Ethoiopian student Tsion T. and will send emails notifying participants. For more information, visit www. runtheworld5k.eventbrite.com.
CITY OF ST. JOSEPH Summary Financial Report For the Year Ended 2013
The purpose of this report is to provide a summary of financial information concerning the City of St. Joseph to interested The complete may be aexamined at theof Cityfinancial Offices, 25 information College Thecitizens. purpose of this financial report statements is to provide summary concerning the City of St. Joseph to interested citizens. The complete Ave N. Questions regarding this report should be directed to Lori Bartlett, finance director, 320-363-7201. may be examined at the City Offices, 25 College Ave N. Questions regarding this report should be directed to Lori Bartlett, finance director, The following summaries are from the General Purpose Financial Statements of the City of St. Joseph The following summaries are from the General Purpose for the year ending Dec. 31, 2013.
Financial Statements of the City of St. Joseph for the year ending Dec. 31, 2013. STATEMENT OF NET POSITION - PROPRIETARY FUNDS As of Dec. 31, 2013
Revenues and Expenditures for General Operations (Governmental Funds)
Revenue:
Taxes Sales Tax Franchise Fees Licenses and Permits Special Assessments Intergovernmental Revenue Charges for Services Fines and Forfeits Miscellaneous
Expenditures: General Government Public Safety Streets and Highways Culture and Recreation Economic Development Capital Outlay Debt Service Interest and Fiscal Charges
Total Revenues Per Capita
Total Expenditures Per Capita Excess of Revenues Under Expenditures
2013 1,759,686 360,902 117,894 97,192 467,496 928,965 472,610 45,439 121,779
2012 1,770,537 314,621 116,668 138,631 730,531 776,313 477,297 62,065 309,371
% Increase (Decrease) (0.61) 14.71 1.05 (29.89) (36.01) 19.66 (0.98) (26.79) (60.64)
4,371,963 659.52
4,696,034 713.79
(6.90) (7.60)
485,778 1,405,347 345,052 199,950 152,833 1,188,218 1,210,000 268,566
500,670 1,290,614 353,552 213,485 186,613 1,170,617 1,605,000 333,855
(2.97) 8.89 (2.40) (6.34) (18.10) 1.50 (24.61) (19.56)
5,255,744 792.84
5,654,406 859.46
(7.05) (7.75)
(883,781)
(958,372)
(7.78)
Total Long Term Indebtedness Per Capita
25,462,338 3,841.05
25,603,105 3,891.64
(0.55) (1.30)
General and Special Revenue Funds Unreserved Per Capita
1,133,625 171.01
1,145,820 174.16
(1.06) (1.81)
Published April 25, 2014 STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - PROPRIETARY FUNDS For the Year Ended Dec. 31, 2013
OPERATING REVENUES: Charges for Services Misc Operating Revenues Total Operating Revenues
Water $
OPERATING EXPENSES: Wages and Salaries Materials and Supplies Repairs and Maintenance Professional Services Insurance Utilities Depreciation Contracted Services Equipment Miscellaneous Total Operating Expenses
713,136 713,136
Sanitary Sewer $
662,011 47,881 709,892
Refuse $
298,123 298,123
Storm Water $
102,009 102,009
Street Light Utility $
43,066 43,066
158,503 49,686 29,225 23,480 12,356 72,752 377,590 320 9,614 733,526
136,991 37,173 28,813 15,164 9,854 15,820 388,699 176,148 716 809,378
28,675 2,366 1,725 14,140 735 6,506 254,883 7,057 316,087
47,139 379 15,250 8,667 97,226 1,628 170,289
814 602 46,174 48 47,638
(20,390)
(99,486)
(17,964)
(68,280)
(4,572)
NONOPERATING REVENUES (EXPENSES): Investment Income Special Assessments Interest Expense Amortization of Bond Premium Bond Costs Other Income Total Nonoperating Revenues (Expenses)
20,663 5,234 (361,429) 4,669 31,763 (299,100)
780 3,069 (143,925) 5,272 (55,213) 255 (189,762)
Income before Capital Contributions and Transfers
(319,490)
(289,248)
(17,527)
(45,840)
(4,525)
678 364,900 (45,000)
678 47,200 (45,000)
42,015 -
678 (18,250)
8,500 -
(286,370)
24,488
(63,412)
3,975
Operating Loss
Capital Contributions Transfers In Transfers Out Change in Net Position
1,088
End of Year
75 362 437
62 22,378 22,440
21 26 -
47
ASSETS: Current Assets: Cash and Investments (Including Cash Equivalents) Cash with Fiscal Agent Special Assessments Receivable: Delinquent Deferred Accounts Receivable Interest Receivable Total Current Assets Noncurrent Assets: Capital Assets: Land Easements Construction in Progress Buildings Plant and Lines Machinery and Equipment Sewer Rights Total Capital Assets Less Accumulated Depreciation Net Capital Assets Total Assets LIABILITIES AND NET ASSETS: Current Liabilities: Accounts Payable Contracts Payable Due to Other Governments Salaries and Benefits Payable Interest Payable Due To Other Funds Long-Term Liabilities Due Within One Year Total Current Liabilities Noncurrent Liabilities: Compensated Absences Notes Payable, Net Unamortized Premiums Bonds Payable, Net Unamortized Premiums Net Other Post Employment Benefits Obligations Less Amounts Due Within One Year Total Noncurrent Liabilities Total Liabilities
Water
Sanitary Sewer
3,590 4,682,985
$
$
7,389,083 (165,361) 7,223,722 $
7,224,810
7,638,466 (28,354) 7,610,112 $
7,323,742
291,687 291,687 $
316,175
4,196,465 4,196,465 $
4,133,053
$
3,975
Street Light Utility
Storm Water
78 15,409 117,494 575 4,820,131
285 3,611 127,435 227 1,961,038
204 314 59,259 82 314,196
37 22,700 19,656 68 248,260
26 10,603 (1) 10,648
604 42,060 334,447 951 7,354,273
372,941 46,066 7,502,432 8,908,669 192,511 17,022,619 (3,674,373) 13,348,246 $ 18,168,377
$
4,941 31,300 617,983 7,432,835 430,941 8,531,687 17,049,687 (3,722,155) 13,327,532 15,288,570
45,540 45,540 (6,506) 39,034 $ 353,230
67,915 6,864 4,854,489 1,846 4,931,114 (1,029,486) 3,901,628 $ 4,149,888
$
10,648
377,882 67,915 84,230 8,120,415 21,195,993 670,838 8,531,687 39,048,960 (8,432,520) 30,616,440 $ 37,970,713
$
$
$
$
$
4,871 593 3,799 28,852 5,016,048 5,054,163
7,073 8,208 46,980 2,415 65,186 467,542 597,404
$
23,288 2,828 654 128 26,898
205,799 -
269 785 332 1,386
$
Total
$ 254,337 -
20 -
2,673 4,000 6,673
$
$
2,293,226 4,682,985
38,174 8,208 50,401 7,653 94,038 4,000 5,484,050 5,686,524
44,008 10,838,785 22,659 (5,016,048) 5,889,404 10,943,567
44,008 5,377,850 2,394,611 18,497 (467,542) 7,367,424 7,964,828
7,510 2,775 (128) 10,157 37,055
13,006 2,775 (332) 15,449 16,835
6,673
108,532 5,377,850 13,233,396 46,706 (5,484,050) 13,282,434 18,968,958
7,369,461 (144,651) 7,224,810
5,555,071 1,768,671 7,323,742
39,034 277,141 316,175
3,901,628 231,425 4,133,053
3,975 3,975
16,865,194 2,136,561 19,001,755
15,288,570
$ 353,230
$ 4,149,888
10,648
$ 37,970,713
Net Position: Investment in Capital Assets, Net Related Debt Unrestricted Total Net Position Total Liabilities and Net Position
Refuse
1,829,480 -
$ 18,168,377
$
$
STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS For the Year Ended Dec. 31, 2013
CASH FLOWS - OPERATING ACTIVITIES: Receipts from Customers and Users Payments to Suppliers Payments to Employees Other Miscellaneous Receipts Net Cash Flows - Operating Activities
Water $
Sanitary Sewer
686,487 (206,197) (162,946) 32,368 349,712
$
688,766 (283,006) (142,708) 13 263,065
Refuse $
Storm Water
297,090 $ (277,585) (29,530) 437 (9,588)
101,822 (26,057) (41,750) (27) 33,988
Street Light Utility $
32,463 (44,965) (12,502)
CASH FLOWS - NONCAPITAL FINANCING ACTIVITIES: Loan from Other Funds Transfer from Other Funds Transfer to Other Funds Net Cash Flows - Noncapital Financing Activities
364,900 (45,000) 319,900
47,200 (45,000) 2,200
-
(18,250) (18,250)
4,000 8,500 12,500
CASH FLOWS - CAPITAL AND RELATED FINANCING ACTIVITIES: Principal Paid on Debt Interest Paid on Debt Bond Payable Proceeds Acquisition of Capital Assets Net Cash Flows - Capital and Related Financing Activities
(405,000) (274,907) (9,904) (689,811)
(352,215) (154,953) 2,573,168 (778,817) 1,287,183
(3,525) (3,525)
-
-
CASH FLOWS - INVESTING ACTIVITIES: Interest and Dividends Received Net Change in Cash and Cash Equivalents
NET POSITION: Beginning of Year Change in Accounting Principle Beginning of Year, Restated
financial statements 320-363-7201.
CASH AND CASH EQUIVALENTS: Beginning of Year End of Year
$
22,837
1,075
338
245
22
2,638
1,553,523
(12,775)
15,983
20
952
275,957
267,112
189,817
-
3,590
$
1,829,480
$
254,337
$
205,800
$
20