Internal Service Funds

Transcription

1 Internal Service Funds

2 Internal Service Funds Summary Internal Service Funds account for the financing of goods or services provided by one department or agency to other departments or agencies throughout the City on a cost reimbursement basis. The City and County of Denver has three internal service funds. The Workers Compensation Internal Service Fund manages worker s compensation claims and liabilities for other City departments and agencies. There will be a General Fund transfer to pay for their portion of Workers Compensation starting in General Fund agencies will no longer be billed. The Manager of Finance is the expending authority. The Fleet Management Internal Service Fund maintains approximately 2,000 vehicles and pieces of equipment, along with required inventories of parts, tools and supplies, procures vehicles and equipment, and purchases fuel for other City departments and agencies. The Fleet Management Internal Service Fund will close and the operation will be a General Fund Agency starting in The Manager of Public Works is the expending authority. The Asphalt Plant Internal Service Fund produces asphalt for resurfacing and maintaining the City s streets and alleys. The Manager of Public Works is the expending authority. Information on the programs provided by these internal service funds can be found in the program section of this document. 129

3 Statement of Net Position Assets Current Assets Cash and cash equivalents $40,604 $39,494 $37,615 Accounts Receivable 1,374 1,346 1,319 Accrued interest Total Current Assets $42,291 $41,160 $39,264 Total Assets $42,291 $41,160 $39,264 Liabilities Current Liabilities Vouchers payable $717 $704 $710 Unearned revenue 0 Accrued liabilities Interfund Payable Claims reserve 9,389 9,793 9,893 Compensated Absences Total Current Liabilities $10,331 $10,757 $10,878 Deferred Inflows of Resources Other-long-term receivables $1,124 $0 $0 Other accrued liabilities $0 $0 $0 Compensated Absences $111 $144 $150 Claims reserve 21,004 21,107 21,207 Total NonCurrent Liabilities $21,115 $21,251 $21,357 Total Liabilities $31,446 $32,008 $32,235 Net Position Unrestricted $9,721 $9,152 $7,029 Total Net Position $9,721 $9,152 $7,

4 Statement of Revenues, Expenses and Changes in Net Position Operating Revenues Charges for services $7,943 $7,979 $1,271 Other revenue 1,043 1, Change in claims reserve 2,089 (103) (200) Total Operating Revenues $11,075 $9,804 $1,875 Operating Expenses Personnel services $1,224 $1,337 $1,450 Contractual services Services & Supplies Claims payments 7,903 8,303 8,703 Other operating expenses 1, Net Operating Expenses $11,112 $11,594 $12,427 Operating Income (Loss) ($37) ($1,790) ($10,552) Nonoperating Revenues (Expenses) Investment and interest income ($307) $1,625 $1,700 Total Nonoperating Revenues ($307) $1,625 $1,700 Income (Loss) Before Transfers ($344) ($165) ($8,852) Transfers in $0 $0 $6,729 Transfers Out Change in Net Position ($344) ($165) ($2,123) Net Position - January 1 $9,661 $9,317 $9,152 Net Position - December 31 $9,317 $9,152 $7,

5 Statement of Cash Flows Cash Flows From Operating Activities Receipts from customers $7,969 $6,182 $527 Payments to suppliers (1,795) (1,278) (1,487) Payments to employees (1,194) (1,257) (1,439) Claims Paid (7,903) (8,303) (8,703) Other Receipts 1,043 1, Net cash provided (used) by operating activities ($1,880) ($2,728) ($10,298) Cash Flow From Noncapital Financing Activities Operating transfers in $0 0 6,729 Operating transfers out Net cash provided (used) by noncapital financing act $0 $0 $6,729 Cash Flows From Investing Activities Interest received ($401) $1,618 $1,690 Net cash provided (used) by investing activities ($401) $1,618 $1,690 Net increase in cash and cash equivalents ($2,281) ($1,110) ($1,879) Cash and cash equivalents - January 1 42,885 40,604 39,494 Cash and cash equivalents - December 31 $40,604 $39,494 $37,615 Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities Operating Income (loss) ($37) ($1,790) ($10,552) Adjustments to reconcile operating income to net cash provided (used) by operating activities: Accounts receivable ($350) $28 $27 Deferred revenue $376 ($1,124) Interfund Receivable 0 Vouchers payable 78 (13) 6 Accrued liabilities Interfund Payable 112 (12) 10 Claims Reserved (2,089) Net cash provided (used) by operating activities ($1,880) ($2,728) ($10,298) Note: For 2015, the billings to the General Fund have been consolidated in a General Fund transfer to the Workers Compensation Internal Service Fund. For 2016, the Department of Finance will create a consolidated org to bill all General Fund department workers compensation charges. 132

6 Statement of Net Position Assets Current Assets Cash and cash equivalents $6,824 $4,806 $0 Accounts Receivable Interfund Receivables 1,869 1,783 0 Restricted Cash Inventory of supplies 2,914 2,742 0 Total Current Assets $11,706 $9,406 $0 Capital Assets Land $5,653 $5,653 $0 Buildings and Improvements 14,527 16,235 0 Improvements other than buildings Machinery and Equipment 5,237 5,175 0 Accumulated Depreciation (6,744) (7,505) 0 Net Capital Assets $18,673 $19,558 $0 Total Assets $30,379 $28,964 $0 Liabilities Current Liabilities Vouchers payable $1,090 $1,321 $0 Accrued Liabilities Interfund Payable Advances 2, Capital Lease Obligations Compensated Absences - Current Total Current Liabilities $4,653 $2,991 $0 Noncurrent Liabilities Capital lease obligations $17,358 $16,598 $0 Other accrued liabilities 0 Compensated Absences - Noncurrent Total Noncurrent Liabilites 17,837 17,168 0 Total Liabilities $22,490 $20,159 $0 Net Position Invested in capital assets, net of related debt $555 $2,200 $0 Unrestricted 7,334 6,605 0 Total Net Position $7,889 $8,805 $0 133

7 Statement of Revenues, Expenses and Changes in Net Position Operating Revenues Charges for services $24,440 $24,238 $0 Other revenue (3) 0 (75) Total Operating Revenues $24,437 $24,238 ($75) Operating Expenses Personnel services $7,745 $7,832 $1,130 Contractual services Supplies and materials 14,214 12,683 0 Depreciation and amortization 1, Other operating expenses 832 1,173 0 Net Operating Expenses $24,764 $23,372 $1,480 Operating Income (Loss) ($327) $866 ($1,555) Nonoperating Revenues (Expenses) Interest expense ($615) ($591) $0 Total Nonoperating Revenues (Expenses) ($615) ($591) $0 Income (Loss) Before Transfers ($942) $275 ($1,555) Transfers in Transfers Out 0 0 (7,250) Change in Net Position ($305) $916 ($8,805) Net Position - January 1 $8,194 $7,889 $8,805 Net Position - December 31 $7,889 $8,805 $0 134

8 Statement of Cash Flows Cash Flows From Operating Activities Receipts from customers $24,396 24,348 $1,783 Payments to suppliers (14,357) (14,376) (1,671) Payments to employees (7,899) (7,631) (2,610) Other receipts (payments) 947 (2,003) 2,742 Net cash provided (used) by operating activities $3,087 $338 $244 Cash Flow From Noncapital Financing Activities Operating transfers in $637 $641 $0 Operating transfers out 0 0 (7,250) Net cash provided (used) by noncapital $637 $641 ($7,250) financing activities Cash Flow From Capital and Related Financing Activities Principal payments (728) (760) 0 Acquisition of capital assets (62) (1,646) 0 Gain on transfer of asset/liability 0 0 2,200 Interest paid (616) (591) 0 Net cash used by capital and related financing ($1,406) ($2,997) $2,200 activities Net increase in cash and cash equivalents $2,318 ($2,018) ($4,806) Cash and cash equivalents - January 1 4,506 6,824 4,806 Cash and cash equivalents - December 31 $6,824 $4,806 $0 Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities Operating Income (loss) ($327) $866 ($1,555) Adjustments to reconcile operating income to net cash provided (used) by operating activities: Depreciation $1,680 $761 $0 Accounts receivables (44) Interfund receivables (214) 86 1,783 Inventories (304) 172 2,742 Vouchers payable (1,321) Increase(decrease) in payroll liabilities 0 0 (1,130) Accrued liabilities (154) 201 (350) Interfund payables 1,996 (2,003) 0 Net cash provided (used) by operating activities $3,087 $338 $

9 Statement of Net Position Assets Current Assets Cash and cash equivalents $4,096 $4,273 $4,439 Receivables (net of allowances) Accounts Receivable Interfund receivables Inventory of supplies Total Current Assets $4,225 $4,498 $4,654 Capital Assets Buildings $3,627 $3,627 $3,627 Improvements other than buildings 0 Machinery and Equipment 1,553 1,642 1,642 Accumulated Depreciation (4,524) (4,887) (5,054) Net Capital Assets $656 $382 $215 Total Assets $4,881 $4,880 $4,869 Liabilities Current Liabilities Vouchers payable $49 $75 $50 Accrued Liabilities Compensated Absences Interfund Payables Total Current Liabilities $74 $129 $90 Noncurrent Liabilities Compensated absences Total Liabilities $155 $184 $148 Net Position Net investment in capital assets $656 $382 $215 Unrestricted 4,070 4,314 4,506 Total Net Position $4,726 $4,696 $4,

10 Statement of Revenues, Expenses and Changes in Net Position Operating Revenues Charges for services $8,329 $8,700 $8,700 Other revenue 4 0 Total Operating Revenues $8,333 $8,700 $8,700 Operating Expenses Personnel services $664 $753 $656 Contractual services Supplies and materials 6,788 6,810 6,960 Depreciation and amortization Other operating expenses Net Operating Expenses $8,081 $8,730 $8,675 Operating Income (Loss) $252 ($30) $25 Income (Loss) Before Transfers $252 ($30) $25 Change in Net Position $252 ($30) $25 Net Position - January 1 $4,474 $4,726 $4,696 Net Position - December 31 $4,726 $4,696 $4,

11 Statement of Cash Flows Cash Flows From Operating Activities Receipts from customers $8,375 $8,675 $8,685 Payments to suppliers (7,279) (7,743) (7,852) Payments to employees (649) (755) (667) Other receipts 4 Net cash provided (used) by operating activities $451 $177 $166 Cash Flow From Investing Activities Acquisition of capital assets ($100) 0 0 Net cash provided (used) by investing activities ($100) $0 0 Net increase in cash and cash equivalents $351 $177 $166 Cash and cash equivalents - January 1 3,745 4,096 4,273 Cash and cash equivalents - December 31 $4,096 $4,273 $4,439 Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities Operating Income (loss) $252 ($30) $25 Adjustments to reconcile operating income to net cash provided (used) by operating activities: Depreciation Interfund receivables 46 (25) (15) Inventories (35) (71) 25 Vouchers payable 0 26 (25) Accrued liabilities 15 (2) (7) Interfund payables (1) 5 (4) Net cash provided (used) by operating activities $451 $177 $