City Audit Board Agreed Upon Procedures September 10, 2008 1. Verify the accuracy of the schedule provided, including all calculations. 2. For any funds in which the fund balance represents more than 3‐months of operating expenditures, obtain an explanation/justification for the balance from management. 3. If the representation regarding the fund balance indicates amounts that may be in excess of operational needs, obtain additional representation about potential options to either reduce or lapse any excess fund balance. 4. For any funds in which the fund balance is less than zero, obtain an explanation/ justification for the balance from management. 5. For any fund with a designation for debt service, is the designation for debt service in excess of the actual outstanding debt. If so, provide an explanation/justification for the designation. 6. Inquire of management whether there is any information that would lead management to believe the fiscal year 2007 fund balance designations are not appropriate. If so, have management provide further explanation. Governmental FundsGeneral Street Federal Advance Athletic Field Cable Lincoln City Lincoln Area Tax SaleFund Construction Grants Acquisition & Fac Impr Access Libraries Ag on Aging Revolving1101 1211/1402 1214 1201 1202 1203 1204 1205 1206Fiscal Year 2004/2005Beginning Fund Balance 35,973,419 38,732,945 16,340,308 826,799 303,869 0 2,661,182 317,387 656,620Operating Revenues ...
Operating Revenues Operating Expenditures Net Other Financing Sources/Uses Ending Fund Balance
Cable Access 1203
Athletic Field & Fac Impr 1202
Governmental Funds
(584,458) (584,458) 18,558,542
35 121 70 154 > 25%No
Undesignated Fd Balance in Days of Revenues78 279(9) 10,0101,368 Unreserved Fd Balance in Days of Revenues91 522(9) 10,0101,368 Further Review?> 25%> 25%No >25% >25% No Are there revenues? Is there o/s debt related to this fund?yes ^yes @no no no no If so, how much? (as of 8/31/07)16,320,260 If so, when is the last payment date?3/15/2017 5/15/2027 * Notes: * LeasePayable @8/31/07 of$166,784in Information Service Fund Internal Service Fund Type. @ Providesfunds for Highway User Allocation Bonds in 1306. ^ LeasesOutstanding Page 1 of 4
(719,513) 6,818
Tax Sale Revolvin 1206
Lincoln Area A 1205
76,652 (47,346) 2,518,610 3,374,715
826,799
303,869
(9,400) 362,393
34,214,006 (50,949,185) 5,598,107 17,664,311
108,876,525 (95,289,084) (12,466,775) 30,412,704
531,436 417,321
109,388,803 (96,184,725) (15,315,314) 29,292,038
no
no
(224,237) 205,854
67,924
7,393,820 (7,345,809) (13,066) 0 2,696,127
Lincoln Cit Libraries 1204
0 2,661,182317,387 656,620
67,698
217,386 (80,754)
7,646,264 (7,427,043) 920 2,916,268
no
0
68 68
6,818 6,818 6,818
1,456,586 (4,310,244) 2,690,983 251,820
1,531,776 (4,424,039) 2,949,382 414,495
1,439,494 (4,394,757) 2,995,252 357,376
7,644,770 (7,339,835) 516 3,221,719
381,788 (444,981)
22,921,047 (20,528,480) 635,728 17,575,827
83,191 (1,224,323) (1,030,015) 1,203,568
136,632
68,389
38,503 (51,866) (134,291) 1,055,914
35,973,419 38,732,945 16,340,308
104,565,234 (91,578,950) (17,556,429) 31,403,274
689,763
36,568
21,313,952 (23,389,461) 282,733 14,547,532
41,262,739 (55,760,315) 4,566,014 28,801,383
Fiscal Year 2006/2007 Operating Revenues Operating Expenditures Net Other Financing Sources/Uses Ending Fund Balance
13,770
Fiscal Year 2006/2007 Endin Reserved For: Inventories Prepaid Items Grantor Loan Programs Debt Service Health Care (nonexpendable)
Federal Grants 1214
Improvements Restricted Funds
32,461,555 (37,136,717) 33,528,568 46,517,717
22,681,905 (22,215,483) 516,293 18,558,542
Unreserved: Designated for Debt Service Designated for Subsequent Yrs Exp Designated for Encumbrances Undesignated
0
0
0
Fiscal Year 2005/2006 Operating Revenues Operating Expenditures Net Other Financing Sources/Uses Ending Fund Balance
Operating Revenues Operating Expenditures Net Other Financing Sources/Uses Ending Fund Balance
5,467,596 (16,216,113) 10,924,668 299,717
480,205
Unreserved: Designated for Debt Service Designated for Subsequent Yrs Exp Designated for Encumbrances Undesignated
Undesignated Fd Balance in Days of Revenues12 39273 276 Unreserved Fd Balance in Days of Revenues15 51375 307 Further Review?No >25% No> 25%No Are there revenues? Is there o/s debt related to this fund?yes ^no yes^ nono If so, how much? (as of 8/31/07)6,165,000 140,000 If so, when is the last payment date?8/31/2027 8/15/2009 * Notes: * LeasePayable @8/31/07 of$166,784in @ Providesfunds for Highway User Allocati ^ LeasesOutstanding
Unreserved: Designated for Debt Service Designated for Subsequent Yrs Exp Designated for Encumbrances Undesignated
4,766,048
3,883,753
0
5,327,078
Fiscal Year 2006/2007 Endin Reserved For: Inventories Prepaid Items Grantor Loan Programs Debt Service Health Care (nonexpendable)
5,899 5,899 5,899
(7,080) (7,080) (7,080)
69,724 (49,761)
277,181 (199,340) (157) 672,058
85,948 (91,499)
(2,666)
116
5,325
3,187,150
1,435,325 (3,236,002) 1,818,460 3,204,933
304,492 (197,162) (1,188) 778,200
51,031 (38,137)
1,640,345 (2,983,736) 1,566,138 3,427,680
57,679 (58,752)
260,763
93,937 (151,787)
1,751,506 (901,711) (502,663) 5,580,997
5,233,865
446,802
4,101,492 (5,292,116) 756,400 4,341,346
1,872,208 (3,474,569) 2,058,434 3,883,753
318,136 318,136 318,136
Fiscal Year 2006/2007 Operating Revenues Operating Expenditures Net Other Financing Sources/Uses Ending Fund Balance
4,280,185 (5,252,672) 793,919 4,775,570
Fiscal Year 2005/2006 Operating Revenues Operating Expenditures Net Other Financing Sources/Uses Ending Fund Balance
Undesignated Fd Balance in Days of Revenues Unreserved Fd Balance in Days of Revenues Further Review?> 25% Are there revenues? Is there o/s debt related to this fund?no If so, how much? (as of 8/31/07) If so, when is the last payment date? * Notes: * LeasePayable @8/31/07 of$166,784in @ Providesfunds for Highway User Allocati ^ LeasesOutstanding
Operating Revenues Operating Expenditures Net Other Financing Sources/Uses Ending Fund Balance
Fiscal Year 2004/2005 Beginning Fund Balance
2,370,831
Other Capital Pro 1409
4,079,304
Downtown Redev Bds 1405
1991 GOVP Bonds 1404
44,677
79,023 79,023 79,023
Fiscal Year 2005/2006 Operating Revenues Operating Expenditures Net Other Financing Sources/Uses Ending Fund Balance
Undesignated Fd Balance in Days of Revenues0 4,190273 7,256No Revenue?3,229 598 Unreserved Fd Balance in Days of Revenues1,824 4,263273 7,256No Revenue?3,844 598 Further Review?> 25%> 25%> 25%> 25%> 25%> 25%> 25%No Are there revenues?< $1000 Is there o/s debt related to this fund?no no no no no no no no If so, how much? (as of 8/31/07) If so, when is the last payment date? * Notes: * LeasePayable @8/31/07 of$166,784in @ Providesfunds for Highway User Allocati ^ LeasesOutstanding