CAROLENA - City of Wilson

Transcription

$
(1,585,977)
37,340
Interest paid on capital debt
Proceeds from sales of capital assets
53,684
42,817,885
The notes to the financial statements are an integral part of this statement.
46,427,961
(including restricted cash) - July 1
(3,610,076)
53,684
Cash and cash equivalents/investments,
(including restricted cash) - June 30
Cash and cash equivalents/investments,
equivalents/investments
Net increase (decrease) in cash and cash
Net cash provided (used) in investing activities
Interest and dividends received
CASH FLOWS FROM INVESTING ACTIVITIES
related financing activities
(9,105,331)
(3,161,756)
Principal paid on capital debt
Net cash provided (used) by capital and
(4,394,938)
Acquisition and construction of capital assets
RELATED FINANCING ACTIVITIES
CASH FLOWS FROM CAPITAL AND
financing activities
(513,624)
314,536
Grant funds received
Insurance refund
Reimbursements from other funds
I t f d payable
Interfund
bl to
t other
th funds
f d
Interfund receivable from other funds
Contributions
Net cash provided (used) by noncapital
(828,160)
5,955,195
Transfer to other funds
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Transfer from other funds
operating activities
Net cash provided by (used in)
(6,532,134)
(1,533,776)
(63,274)
$
9,627,869
9,847,436
(219,567)
14,155
14,155
(1,102,754)
(113,194)
401
(340,281)
(649,680)
(665,465)
1,452,765
(2,118,230)
1,534,497
(1,719,356)
(9,570)
(13,969,206)
17,232,629
$
$
$
$
Page 27
11,299,000
12,844,551
(1,545,551)
25,824
25,824
(7,314,336)
(1,154,141)
6,105
(3,826,973)
(2,339,327)
(270,930)
479,070
(750,000)
6,013,891
(6,605,663)
(8,376,600)
20,996,154
855,858
970,452
(114,594)
860
860
(60,892)
(60,892)
980,347
702,847
277,500
(1,034,909)
(504,887)
(633,181)
103,159
$
$
396,780
387,287
9,493
465
465
55,880
1,000
54,880
(46,852)
(32,983)
(32,237)
18,368
$
$
1,731,866
600
1,731,266
5,003
5,003
(2,869,323)
(1,225,498)
(1,114,351)
(529,474)
(1,161,534)
15,529
(1 177 063)
(1,177,063)
5,757,120
(2,155,960)
(5,266,800)
13,179,880
Broadband
$
$
2,418,842
2,106,390
312,452
2,737
2,737
(84,480)
(84,480)
394,195
(760,216)
(1,293,697)
2,448,108
Stormwater
Management
$
$
69,148,100
72,584,677
(3,436,577)
102,728
102,728
(20,537,116)
(4,078,810)
43,846
(8,443,361)
(8,058,791)
(1,575,326)
15,529
(1 177 063)
(1,177,063)
1,452,765
1,000
1,496,453
(3,696,390)
332,380
18,573,137
(18,311,199)
(1,543,346)
(63,274)
(161,505,485)
199,996,441
Totals
Current Year
$
$
Internal
Service
Funds
10,938,350
9,428,558
1,509,792
8,810
8,810
(240,516)
(137,670)
(102,846)
1,391
1,391
1,740,107
(276,761)
(11,530,462)
Cash paid to employees
Contribution to other agencies
Taxes refunded
(131,933,764)
$
Industrial
Air Center
Cash paid to suppliers
146,018,143
Gas
Mass
Transit
13,495,705
51,883
(258)
$
Electric
Water
Resources
Business-type Activities-Enterprise Funds
Cash received from interfund services provided
Insurance claim reimbursements
Cash received from employees
Cash received from customers and users
CASH FLOWS FROM OPERATING ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2013
PROPRIETARY FUNDS
STATEMENT OF CASH FLOWS
CITY OF WILSON, NORTH CAROLINA
$
$
$
(408,412)
(230,821)
67,139
3,829,554
5,955,195
The notes to the financial statements are an integral part of this statement.
Noncash investing, capital, and financing activities:
Capital assets contributed from other funds/customers
Capital assets acquired to be paid for in subsequent years
Increase (decrease) in fair value of investments
Increase (decrease) in accrued wages and amounts withheld
Total adjustments
Net cash provided by (used in) operating activities
(2,811)
172,797
157,292
1,018,459
4,013,728
(1,533,776)
(63,274)
2,125,641
Increase (decrease) in accounts payable
$
$
Electric
Increase (decrease) in customer deposits
Increase (decrease) in insurance claims payable
Increase (decrease) in retiree insurance premium prepayments
(Increase) decrease in inventory
(Increase) decrease in prepaid items
(Increase) decrease in accounts receivable
Change in assets and liabilities
Depreciation expense
Taxes refunded
activities:
to net cash provided by (used in) operating
Adjustments to reconcile operating income (loss)
Operating income (loss)
(used in) operating activities
to net cash provided by
Reconciliation of operating income (loss)
FOR THE YEAR ENDED JUNE 30, 2013
PROPRIETARY FUNDS
STATEMENT OF CASH FLOWS
$
$
$
$
$
(96,276)
(25,744)
29,214
628,721
1,534,497
15,352
3,193
54,872
(40,595)
576,255
(9,570)
905,776
Gas
$
$
$
$
$
$
$
$
$
$
Page 28
129,512
648,505
(111,664)
38,404
3,800,135
6,013,891
(6,191)
1,709
27,945
(93)
(34,151)
3,772,512
2,213,756
Water
Resources
(9,114)
5,085
196,933
(1,034,909)
59,435
404
88
131,921
(1,231,842)
Mass
Transit
$
$
$
$
$
(3,717)
20,873
(46,852)
14,620
(4,632)
10,885
(67,725)
Industrial
Air Center
Business-type Activities-Enterprise Funds
$
$
$
$
$
6,513
43,816
4,001,623
5,757,120
(55,800)
2,381
(284,046)
1,007,983
(67,680)
3,354,969
1,755,497
Broadband
$
$
$
$
$
(20,643)
82,921
(11,771)
314,863
394,195
66,600
(24,443)
284,477
79,332
Stormwater
Management
$
$
$
$
$
(44,132)
648,505
(643,314)
171,887
12,792,702
18,573,137
266,813
4,876
(43,937)
1,007,890
847,046
12,144,747
(1,543,346)
(63,274)
5,780,435
Totals
Current Year
$
$
$
$
$
(92,351)
(12,321)
(234,654)
1,740,107
11,968
(497,647)
8,736
(48,312)
(6,061)
308,983
1,974,761
Internal
Service
Funds
GAS FUND
SUPPLEMENTAL STATEMENTS OF CASH FLOWS - ENTERPRISE FUNDS - GAS
FOR THE YEARS ENDED JUNE 30, 2013 AND 2012
2013
2012
CASH FLOWS FROM OPERATING ACTIVITIES:
$
Net cash provided by operating activities
17,232,629
$
15,939,943
(13,969,206)
(11,741,610)
(1,719,356)
(9,570)
(1,346,046)
(9,570)
1,534,497
2,842,717
(2,118,230)
(1,451,870)
7,008
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
Transfer to other funds
Interfund receivable to other funds
1,452,765
Net cash used for noncapital financing activities
(665,465)
(1,444,862)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES:
Proceeds from capital debt
2,155,500
(649,680)
(340,281)
(893,994)
(320,033)
Payment to refunding agent
(113,194)
401
(383,480)
(2,013,750)
Net cash used for capital and related financing activities
(1,102,754)
(1,455,757)
CASH FLOWS FROM INVESTING ACTIVITIES:
14,155
155,308
14,155
155,308
(219,567)
97,406
NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS/INVESTMENTS
CASH AND CASH EQUIVALENTS/INVESTMENTS,
(INCLUDING RESTRICTED CASH) - BEGINNING OF YEAR
9,847,436
(INCLUDING RESTRICTED CASH) - END OF YEAR
9,750,030
$
9,627,869
$
9,847,436
$
905,776
$
1,839,043
Reconciliation of operating income (loss) to net cash provided (used) by
operating activities:
Adjustments to reconcile operating income (loss)
to net cash provided by (used in) operating activities:
576,255
(9,570)
569,822
(9,570)
(40,595)
14,110
(Increase) decrease in interfund receivables
54,872
(23,671)
492,810
3,193
5,268
15,352
(77,529)
Total adjustments
29,214
628,721
$
Noncash investing, capital, and financing activities:
Capital assets contributed from other funds/customers
$
$
Page 129
1,534,497
(25,744)
(96,276)
32,434
1,003,674
$
$
$
2,842,717
(43,377)
6,618
BROADBAND FUND
SUPPLEMENTAL STATEMENTS OF CASH FLOWS - ENTERPRISE FUNDS - BROADBAND
FOR THE YEARS ENDED JUNE 30, 2013 AND 2012
2013
CASH FLOWS FROM OPERATING ACTIVITIES:
$
2012
13,179,880
$
9,825,359
(5,266,800)
(5,122,880)
(2,155,960)
(2,324,201)
5,757,120
2,378,278
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
Reimbursements from other funds
Interfund payable from other funds
106,070
15,529
(1,177,063)
Net cash provided (used) by noncapital financing activities
(1,161,534)
106,070
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES:
Bond issue costs paid
(529,474)
(1,114,351)
(1,225,498)
(1,248,768)
(1,201,689)
(1,267,106)
108
(2,000)
(2,869,323)
(3,719,455)
Net cash provided (used) by capital and
related financing activities
CASH FLOWS FROM INVESTING ACTIVITIES:
5,003
329
5,003
329
NET INCREASE (DECREASE) IN CASH AND CASH
EQUIVALENTS/INVESTMENTS
1,731,266
(INCLUDING RESTRICTED CASH) - BEGINNING OF YEAR
(INCLUDING RESTRICTED CASH) - END OF YEAR
(1,234,778)
600
1,235,378
$
1,731,866
$
$
1,755,497
$
600
Reconciliation of operating income (loss) to net cash provided by (used in)
operating activities
(220,956)
Adjustments to reconcile operating income (loss) to net cash provided by
(used in) operating activities:
3,354,969
(Increase) decrease in prepaid items
(67,680)
(284,046)
1,007,983
2,381
(89,609)
(56,282)
(55,800)
43,816
4,001,623
(516,650)
(5,773)
2,599,234
Total adjustments
Page 161
$
5,757,120
$
6,513
3,246,710
20,838
$
2,378,278
SUPPLEMENTAL SCHEDULE OF ANNUAL REQUIREMENTS TO AMORTIZE LONG-TERM DEBT BY FUND
General Fund
Electric Fund
Fiscal Year
Principal &
Principal &
Ended
Interest
Principal
Interest
June 30 Principal
$
$
General
2014 $
$
obligation
2015
bonded debt: 2016
2017
2018
2019
2020
2021
2022
2023
2024
Total general
generation bonds
Revenue
2014
bonded debt: 2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
Total revenue bonds
Certificates of 2014
Participation 2015
Debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
Total Certificates of
Participation
2,170,000
3,075,000
935,000
1,080,000
760,000
785,000
805,000
655,000
755,000
795,000
945,000
1,825,000
1,915,000
2,010,000
2,100,000
2,210,000
2,315,000
2,420,000
1,330,000
3,535,139
4,342,702
2,048,952
2,150,853
1,785,658
1,780,258
1,767,877
1,583,665
900,008
1,655,008
1,657,258
1,767,508
2,600,465
2,601,590
2,603,328
2,595,440
2,600,440
2,602,395
2,599,415
1,396,500
28,885,000
44,574,459
Water
Gas Fund
Resources Fund
Broadband Fund
Operations Center Fund
Principal &
Principal &
Principal &
Principal &
Principal
Interest
Principal
Interest
Principal
Interest
Principal
Interest
$
$
$ 1,265,000 $ 1,682,469 $
$
$
$
$
1,240,000
1,619,519
1,220,000
1,562,319
1,205,000
1,498,519
1,205,000
1,438,269
1,205,000
1,378,019
1,180,000
1,313,856
1,160,000
1,252,556
1,145,000
1,195,506
225,000
234,000
Total
Principal &
Interest
1,682,469
1,619,519
1,562,319
1,498,519
1,438,269
1,378,019
1,313,856
1,252,556
1,195,506
234,000
Principal
1,265,000 $
1,240,000
1,220,000
1,205,000
1,205,000
1,205,000
1,180,000
1,160,000
1,145,000
225,000
11,050,000
13,175,032
11,050,000
13,175,032
156,375
162,000
167,625
175,500
182,250
192,375
200,250
205,875
212,625
218,250
226,125
231,750
238,500
246,375
254,250
258,693
258,331
257,534
258,644
257,315
258,026
258,073
257,626
258,120
257,303
258,535
257,315
257,034
257,660
258,051
538,625
558,000
577,375
604,500
627,750
662,625
689,750
709,125
732,375
751,750
778,875
798,250
821,500
848,625
875,750
891,055
889,805
887,059
890,882
886,306
888,754
888,918
887,379
889,079
886,266
890,509
886,306
885,340
887,497
888,842
695,000
720,000
745,000
780,000
810,000
855,000
890,000
915,000
945,000
970,000
1,005,000
1,030,000
1,060,000
1,095,000
1,130,000
1,149,748
1,148,136
1,144,593
1,149,526
1,143,621
1,146,780
1,146,991
1,145,005
1,147,199
1,143,569
1,149,044
1,143,621
1,142,374
1,145,157
1,146,893
3,070,125
3,868,260
10,574,875
13,323,997
13,645,000
17,192,257
696,113
2,129,173
2,217,031
2,687,633
2,812,206
2,934,864
3,267,380
4,105,926
2,064,999
865,000
795,000
1,837,883
1,113,590
3,246,824
3,230,861
3,595,955
3,595,347
3,604,317
3,797,664
4,480,591
2,244,269
944,894
833,257
248,887
180,000
355,827
287,969
302,367
317,794
330,135
347,620
364,076
382,443
301,111
463,877
382,289
382,289
382,597
382,227
383,205
382,279
3,115,000
3,255,000
3,420,000
3,585,000
3,750,000
3,915,000
4,069,999
4,270,000
4,470,002
2,819,999
1,660,000
1,740,000
1,825,000
1,915,000
2,010,000
2,100,000
2,210,000
2,315,000
2,420,000
1,330,000
5,755,465
5,757,403
5,759,653
5,764,003
5,763,902
5,758,202
5,754,421
5,764,534
5,762,878
3,899,277
2,602,152
2,600,765
2,600,465
2,601,590
2,603,328
2,595,440
2,600,440
2,602,395
2,599,415
1,396,500
24,575,325
32,525,452
2,734,675
3,442,317
56,195,000
80,542,228
Notes payable 2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
939,514
182,010
182,010
182,010
182,010
182,010
182,010
181,909
994,248
221,376
215,752
210,127
204,503
198,879
193,255
187,527
261,756
261,756
261,756
261,756
261,756
261,756
261,756
261,756
261,758
348,685
339,026
329,368
319,709
310,050
300,391
290,732
281,074
271,415
190,656
190,656
190,656
190,656
190,656
190,656
190,656
190,762
237,789
231,898
226,007
220,116
214,224
208,333
202,442
196,651
2,013,418
1,673,575
1,673,575
1,673,575
1,673,575
1,673,575
1,673,575
1,673,575
1,018,974
1,018,974
1,018,974
1,018,974
996,505
28,358
28,358
28,358
28,358
2,455,071
2,068,539
2,027,647
1,986,755
1,945,863
1,904,971
1,864,079
1,823,187
1,127,694
1,105,851
1,084,008
1,062,165
1,017,854
28,358
28,358
28,358
28,358
1,120,726
1,967,968
1,182,197
2,015,965
4,526,070
4,275,965
2,307,997
2,307,997
2,307,997
2,307,997
2,307,997
2,308,002
1,280,732
1,018,974
1,018,974
1,018,974
996,505
28,358
28,358
28,358
28,358
5,217,990
4,876,804
2,798,774
2,736,707
2,674,640
2,612,574
2,550,508
2,488,439
1,399,109
1,105,851
1,084,008
1,062,165
1,017,854
28,358
28,358
28,358
28,358
Total notes payable
2,213,483
2,425,667
2,355,806
2,790,450
1,525,354
1,737,460
18,914,276
21,587,116
3,088,694
3,198,162
28,097,613
31,738,855
Total $ 2,213,483
$ 2,425,667
$ 31,240,806
$ 47,364,909
$ 4,595,479 $ 5,605,720
$ 40,539,151
Page 205
$ 48,086,145 $ 27,664,019 $ 35,723,614 $ 2,734,675
$ 3,442,317 $ ########## $ ##########
Report On Compliance For Each Major State Program; Report On Internal Control Over
Compliance; In Accordance With OMB Circular A-133 And The State Single Audit
Implementation Act
Independent Auditor's Report
To the Honorable Mayor and
Members of the City Council
City of Wilson
Wilson, North Carolina
Report On Compliance for Each Major State Program
We have audited the City of Wilson's compliance with the types of compliance requirements described in
the Audit Manual for Governmental Auditors in North Carolina, issued by the Local Government
Commission, that could have a direct and material effect on each of the City of Wilson's major State
programs for the year ended June 30, 2013. The City of Wilson’s major State programs are identified in
the summary of auditor’s results section of the accompanying Schedule of Findings and Questioned
Costs.
Management's Responsibility
Management is responsible for compliance with the requirements of laws, regulations, contracts, and
grants applicable to its major State programs.
Auditor's Responsibility
Our responsibility is to express an opinion on compliance for each of the City of Wilson's major State
programs based on our audit of the types of compliance requirements referred to above. We conducted
our audit of compliance in accordance with auditing standards generally accepted in the United States of
America; the standards applicable to financial audits contained in and applicable sections of OMB
Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, as described in the
Audit Manual for Governmental Auditors in North Carolina, and the State Single Audit
Implementation Act. Those standards, OMB Circular A-133, and the State Single Audit Implementation
Act require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and
material effect on a major State program occurred. An audit includes examining, on a test basis, evidence
about the City of Wilson's compliance with those requirements and performing such other procedures as
we considered necessary in the circumstances.
We believe that our audit provides a reasonable basis for our opinion on compliance for each major State
program. However, our audit does not provide a legal determination of the City of Wilson's compliance.
730 13th Avenue Drive SE ♦ Hickory, North Carolina 28602 ♦ Phone 828-327-2727 ♦ Fax 828-328-2324
13 South Center Street ♦ Taylorsville, North Carolina
28681 ♦ Phone 828-632-9025 ♦ Fax 828-632-9085
Page 250
Toll Free Both Locations 1-800-948-0585 ♦ Website: www.martinstarnes.com

CAROLENA - City of Wilson

Transcription

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