Legals december 7, 2016

Page 1

PAGE ten

SCOTT COUNTY

child health, supplemental nutrition programs. Culture and Recreation involves cultural and recreational activities maintained for the benefit of county residents and visitors. These activities include county libraries, parks, and other recreation programs. Conservation involves activities designed to conserve and develop such natural resources as water, soil, and forests and includes such programs as soil and water conservation, county extension, water planning, and other. Economic Development activities are directed toward SCOTTeconomically COUNTY developing the area encompassed by the county and providing assistance to, and opportunity for, economically disadvantaged persons or businesses. SHAKOPEE, MINNESOTA

SUMMARY FINANCIAL STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2015

statement of net position STATEMENT OF NET POSITION DECEMBER 31,31, 2015 2015 December

The purpose of this Report is to provide a summary of financial information concerning Scott County for interest citizens. Questions about this report should be directed to Steve Jones at (952) 496-8765. A FULL AND COMPLETE COPY OF THE COUNTY FINANCIAL STATEMENT IS AVAILABLE UPON REQUEST BY CALLING STEVE JONES, OR BY WRITING TO FINANCIAL ANALYST, SCOTT COUNTY FINANCE, 200 FOURTH AVENUE WEST, SHAKOPEE, MN 55379-1220.

COUNTY OFFICIALS Elected

Office Commissioners District 1 District 2 District 3 District 4 District 5

Name

Telephone number

Joe Wagner Tom Wolf Michael Beard Barbara Marschall Jon Ulrich

(952) 496-8100 (952) 496-8100 (952) 496-8100 (952) 496-8100 (952) 496-8100

Attorney Sheriff

Ronald Hocevar Kevin Studnicka

(952) 496-8240 (952) 496-8300

Gary Shelton Dan Ekholm Michael Thompson Cindy Geis Lezlie Vermillion James Hentges Anthony Winiecki Pam Selvig James Hentges Jerry Brua

(952) 496-8100 (952) 496-8100 (952) 496-8100 (952) 496-8100 (952) 496-8100 (952) 496-8100 (952) 496-8100 (952) 496-8178 (952) 496-8100 (952) 496-8100

Appointed Administrator Agricultural Inspector Assessor Auditor Deputy Administrator Drainage Inspector Highway Engineer Human Services Director Surveyor Veterans Services Director

Key Indicator Estimated Population Total Tax Capacity Percent of Property Taxes Collected

Percent Increase (Decrease)

Total Prior

141,660

139,672

1.4

158,806,171

158,646,339

0.1

99.4%

99.2%

0.2

Total General Revenues

68,506,463

67,701,327

1.2

Total Program Revenues

61,531,720

66,268,650

(7.1)

Assets Cash and pooled investments Petty cash and change funds Cash with fiscal agent OPEB revocable trust investments Taxes receivable Prior - net Accounts receivable - net Accrued interest receivable Loan receivable Due from other governments Inventories Prepaid items Restricted assets Cash and pooled investments Capital assets Non-depreciable Depreciable - net of accumulated depreciation Total Assets

$

Governmental activities

109,456,047

Business-type activities

-

115,611,219 -

(5.3) -

Capital Assets: Governmental activities

393,109,204

Business-type activities

-

Total Outstanding Net Bonded Debt of County General obligation

83,843,021

380,173,032 -

88,079,708

3.4 -

(4.8)

Revenue supported

-

-

-

Special assessment

-

-

-

Other debt Bond Rating on Most Recent General Obligation Bond Issue

3,104,569

2,703,853

AAA

AA+

14.8

6,432,807 101,414 5,290 350,000 165,704 152,548

114,182,613 278,926,591 505,274,321

$ $

6,193,054 6,193,054

$ $

2,054,966 879,101 1,991,831 473,264 1,219,280 685,152 1,396,474

16,414,679

$

8,377,061 51,975,549 83,975,052

$

690,675 690,675

$ $

530,848 39,095 246,059 746,429 332,315 173,024

4,005,000 2,057,220 445,748 3,372,347

1,670,000 56,560 73,066

$

79,838,021 1,047,349 37,223,708 5,056,583 1,894,124 143,640,168

$

45,670,000 2,908,237 314,984 28,146 21,023 52,809,786

$

3,952,012

$

$

309,266,183

$

20,072,776 394,921 2,034,616 2,548,938 218,922 14,214 891,637 1,066,467 205,220 105,113 301,019 128,221 198,959 235,273 232,998 96,276 25,863,442 363,875,195

18,487,713 1,352,218 5,100,789 6,915,221 31,855,941

SCOTT COUNTY'S 2015 GOVER 2015 Revenues by Source

$

$

scott county’s 2015 governmental fund finances

The notes to the financial statements are an integral part of this statement.

2015 Revenues by Source

Total Government-Wide Net Position Governmental activities

$

-

Liabilities Accounts payable Salaries payable Contracts payable Retainage payable Due to other governments Accrued interest payable Security deposit payable Unearned revenue Long-term liabilities: Due within one year General obligation bonds payable Revenue bonds payable Loans payable Claims payable Compensated absences Due in more than one year General obligation bonds payable Revenue bonds payable Loans payable Net pension obligation Net other post employment benefit obligation Non current liabilities other Compensated absences Total Liabilities

Net Position Net investment in capital assets Restricted for Debt service Equipment replacement Solid waste MNDOT allotments Gravel pit closure Veterans services Local recycling program SCORE E911 Aquatic invasive species program Carrying permits Sheriff's contingency Conservation of natural resources Transportation initiative Law library Regional rail authority Other purposes Unrestricted Total Net Position

58,057,539 7,890 19,265,490 12,306,772 653,479 819,966 77,308 1,737,633 18,340,134 897,091 1,815

Deferred Inflows of Resources Deferred pension inflows

Total Expenses:

Component Unit Community Development Agency

Primary Government Governmental Activities

Deferred Outflow of Resources Deferred charges on refunding Deferred pension outflows Total Deferred Outflows of Resources

A PROFILE OF SCOTT COUNTY Total Current

wednesday, December 7, 2016

BELLE PLAINE HERALD, BELLE PLAINE, MINNESOTA

Investment Earnings 1% Charges for Services 8%

Other 3%

SCOTT COUNTY'S 2015 GOVERNMENTAL FUND FINANCES 363,875,195

Business-type activities

-

377,249,797 -

720 707 2015 Revenues by Source

Total Number of Full-Time Employees

A User’s Guide to County Financial Statements

(3.5) 1.8

2015 General Expenditures by Function

Taxes 46%

The following definitions will help citizens understand the terminology that is used in the county’s financial statement. Basic Financial Statements Scott County’s basic financial statements consists of three parts: government-wide financial statements, fund finanIntergovernmental cial statements, and notes to the financial statements. The management’s discussion and analysis and certain budget41% Licenses & Permits ary comparison schedules1 are required to accompany the basic financial statements and, therefore, are included as 1% required supplementary information. Government-wide financial statements display information about the county’s financial reporting entity as a whole, except for its fiduciary activities. These statements should present separate information for the governmental 2015 General Expenditures by Function and business-type activities of the county (primary government), as well as for its component units. Fund financial statements display separate financial information for the county’s governmental, proprietary, and Investment Earnings Otherfunds is presented separately for major fiduciary funds. Information for governmental and enterprise proprietary Economic General 3%fiduciary fund information is presented in funds and the aggregate total for non major funds.1% Internal services and Capital Outlay Development aggregate by fund type.Charges for Services Government 23% 1% 8% provides additional information and disclosure for information in the financial Notes to the financial statements 24% statements. Taxesrevenues, Governmental activities are generally activities of the county financed through taxes, intergovernmental Intergovernmental and other nonexchange revenues. These activities are usually reported in governmental funds and internal 46% service 0% funds. Business-type activities are county activities financed in whole or in part by fees charged to external parties for Public Safety goods or service. These activities are usually reported in enterprise funds. Conservation of 14% Financial reporting entity consists of the primary government (county), organizations for which the county is Natural Resources financially accountable, and other organizations for which the nature and significance of their relationship with the 3% county are such that exclusion would cause the reporting entity’s financial statements to be misleading or incomplete. Highways and The nucleus of a county’s financial reporting entity is the primary government, the county. Intergovernmental SCOTT COUNTY SCOTT COUNTY Primary government is41% a term used in connection with defining the financial reporting entity. The primary governStreets Licenses & Permits SHAKOPEE, MINNESOTA ment is the focus of the financial reporting entity. For the county, the primary government represents the financial SHAKOPEE, MINNESOTA 8% Culture and 1% activities, funds, or accounts directly under the control of the county board. Exhibit 7 Recreation Component unit describes a legally separate organization for which the county board is financially accountable. Sanitation Health In addition, component units can be other organizations for which the nature and significance of their relationship 4% Human Services Transit 0% 1% with the county are such that exclusion would cause the reporting entity’s financial statements to be misleading or 19% 3% incomplete. STATEMENT OF NET POSITION County Governmental Fund Types STATEMENT OF NET POSITION The General Fund is the general operating fund of the county. It is used to account for all financial resources, except PROPRIETARY FUNDS PROPRIETARY FUNDS those that are required to be accounted for in another fund. DECEMBER 31, 2015 DECEMBER 31, 2015 Special Revenue Funds are used to account for the proceeds of specific revenue sources that are legally restricted Statement of net position for specified purposes. Governmental proprietary funds Debt Service Funds are used to account for the accumulation of resources for, and the payment of principal, interest, and related costs of general long-term debt. Activities December 31, 2015 Capital Projects Funds are used to account for financial resources to be used for the acquisition or construction of Internal major capital facilities. Service Funds County Proprietary Funds Internal Service Funds are used to report any activity that provides goods or services to other funds, departments, or agencies of the primary government and its component units, or to other governments, on a cost reimbursement basis. Assets Assets County Fiduciary Funds Current Assets: Investment Trust Funds are used to report governmental external investment pools that are maintained by the Current Assets: county for other entities. Cash and pooled investments $ 5,337,013 Cash and pooled investments Agency Funds are used to account for assets held by the county as an agent for individuals, private organizations, OPEB revocable trust investments 12,306,772 other governments, and/or other funds; fur example, taxes collected and held by a county for a school district. OPEB revocable trust investments Character Classification of County Expenditures Taxes receivable Taxes receivable The county’s governmental expenditures are classified by character or the periods expenditures are presumed to Prior 11,746 benefit. The county has the following character classifications: Prior Current operating expenditures are presumed to benefit the current fiscal period. Accrued interest receivable 6,894 Accrued interest receivable Debt services are presumed to benefit prior fiscal periods as well as current and future periods and includes amount expended for the payment of principal, interest, and other costs associated with debt. Capital outlays are presumed to benefit current and future fiscal periods and include amounts expended for the Total Assets $ 17,662,425 Total Assets construction or acquisition of county capital assets. Intergovernmental represent resources transferred by to the county to other governments. Classification of County Functions Functions are a group of related activities aimed at accomplishing a major service or regulatory program for which the county is responsible. The county has the following function classifications: The General Government function include expenditures for general county activities such as the county commissioners, county administration, county attorney’s office, county finance office, the planning and zoning office, and other county general service office. Liabilities Liabilities Public Safety relates to the objective of protection of persons and property and includes expenditures for corrections Current Liabilities: activities, operations of the sheriff’s department, the county jail, civil defense, and emergency services. Current Liabilities: Highways and Streets includes expenditures relating to the construction and maintenance of county highways and Claims payable 445,748 Claims payable streets. Transit involves expenditures for operation of the public transit system. Human Services represents activities designed to provide public assistance and institutional care for individuals Netchild Position Net Position unable to provide essential needs for themselves. These programs include child support collection, welfare, chemical dependency, medical assistance, and others. Health involves all activities involved in the conservation and improvement of public health. This function includes Netmaternal position and unrestricted $ 17,216,677 expenditures for the county public health department, home health aid services, other nursing services, Net position unrestricted


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Legals december 7, 2016 by Belle Plaine Herald - Issuu