CITY OF DES MOINES, IOWA COMBINING STATEMENT OF NET POSITION SCHEDULE ALL PARKING ACCOUNTS June 30, 2018

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1 COMBINING STATEMENT OF NET POSITION SCHEDULE ALL PARKING ACCOUNTS June 30, 2018 PARK AND PARKING RIDE TOTALS Current assets: Unrestricted current assets: Cash and investments $ 1,241,495 $ 2,180,387 $ 3,421,882 Accounts receivable 9, ,501 Due from other governmental units 4, ,560 Prepaid items 3, ,031 Total current assets 1,258,587 2,180,387 3,438,974 Noncurrent assets: ASSETS Capital assets Land 12,409,949 1,735,829 14,145,778 Construction in progress 1,010, ,010,915 Buildings 89,032,076 1,202,875 90,234,951 Improvements other than buildings 17,045,102 17,816,005 34,861,107 Machinery and equipment 1,066, ,066,396 Accumulated depreciation (60,034,437) (11,601,841) (71,636,278) Total capital assets, net of accumulated depreciation 60,530,001 9,152,868 69,682,869 Total noncurrent assets 60,530,001 9,152,868 69,682,869 Total assets $ 61,788,588 $ 11,333,255 $ 73,121,843 DEFERRED OUTFLOW OF RESOURCES Other postemployment benefits related deferred outflows 7, ,771 Pension related deferred outflows 316, ,965 Total deferred outflow of resources $ 324,736 $ --- $ 324,

2 PARK AND PARKING RIDE TOTALS Liabilities: Current liabilities: Accounts payable $ 496,752 $ 90,035 $ 586,787 Contracts payable 49, ,438 Accrued wages payable 46, ,768 Accrued employee benefits 110, ,137 Due to other funds 384, ,499 Accrued interest payable 84, ,408 General obligation bonds payable, net 1,920, ,920,000 Total current liabilities LIABILITIES 3,091,583 90,454 3,182,037 Noncurrent liabilities: Accrued employee benefits 177, ,335 Other postemployment benefits 198, ,251 Net pension liability 669, ,818 Advance from other funds 1,960, ,960,949 General obligation bonds payable, net 2,011,681 2,011,681 Capital lease payable 22,534, ,534,981 Total noncurrent liabilities 27,553, ,553,015 Total liabilities 30,644,598 90,454 30,735,052 DEFERRED INFLOWS OF RESOURCES Other postemployment benefits related deferred inflows 7, ,188 Pension related deferred inflows 148, ,466 Total deferred inflows of resources $ 155,654 $ --- $ 155,654 NET POSITION Net investment in capital assets 34,063,339 9,152,868 43,216,207 Unrestricted (2,750,267) 2,089,933 (660,334) Total net position $ 31,313,072 $ 11,242,801 $ 42,555,

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4 COMBINING SCHEDULE OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION ALL PARKING ACCOUNTS For the Fiscal Year Ended June 30, 2018 Operating revenues: PARK AND PARKING RIDE TOTALS Charges for sales and services $ 9,620,021 $ 1,428,170 $ 11,048,191 Total operating revenues 9,620,021 1,428,170 11,048,191 Operating expenses: Personal services 1,231,808 10,349 1,242,157 Contractual services 4,693,754 3,427,653 8,121,407 Commodities 187, ,023 Depreciation 3,503, ,176 4,173,745 Other charges 174,184 4, ,046 Total operating expenses 9,790,338 4,113,040 13,903,378 Operating income (loss) (170,317) (2,684,870) (2,855,187) Non-operating revenues (expenses): Investment earnings 2,407 10,737 13,144 Proceeds from damage claims Gain on disposal of capital assets 5, ,022 Interest expense and fiscal charges (760,583) --- (760,583) Total nonoperating revenues (expenses) (752,515) 10,737 (741,778) (Loss) before transfers (922,832) (2,674,133) (3,596,965) Transfers in 7,329, ,329,392 Transfers out (3,590,000) --- (3,590,000) Change in net position 2,816,560 (2,674,133) 142,427 Total net position - beginning, as restated 28,496,512 13,916,934 42,413,446 Total net position - ending $ 31,313,072 $ 11,242,801 $ 42,555,

5 COMBINING SCHEDULE OF CASH FLOWS ALL PARKING ACCOUNTS For the Fiscal Year Ended June 30, 2018 CASH FLOWS FROM OPERATING ACTIVITIES PARK AND PARKING RIDE TOTALS Receipts from customers and users $ 9,613,445 $ 1,428,170 $ 11,041,615 Payments to suppliers (4,986,963) (3,368,099) (8,355,062) Payments to employees (1,139,831) (9,930) (1,149,761) Proceeds from damage claims Net cash provided by (used in) operating activities 3,487,290 (1,949,859) 1,537,431 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Proceeds from interfund accounts (384,498) --- (384,498) Payments to interfund accounts 2, ,525 Transfers In 7,329, ,329,392 Transfers Out (3,590,000) --- (3,590,000) Net cash provided by (used in) noncapital and related financing activities 3,357, ,357,419 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Interest paid on capital debt (731,836) --- (731,836) Principal paid on long-term debt (1,885,000) --- (1,885,000) Proceeds from sale of capital assets 5, ,022 Acquisition and construction of capital assets (4,097,571) --- (4,097,571) Net cash provided by (used in) capital and related financing activities CASH FLOWS FROM INVESTING ACTIVITIES (6,709,385) --- (6,709,385) Interest and dividends received 2,407 10,737 13,144 Net cash provided by (used in) investing activities 2,407 10,737 13,144 Net increase (decrease) in cash and cash equivalents 137,731 (1,939,122) (1,801,391) Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year $ 1,103,764 $ 4,119,509 $ 5,223,273 $ 1,241,495 $ 2,180,387 $ 3,421,

6 Reconciliation of operating income (loss) to net cash provided by (used in) operating activities: PARK AND PARKING RIDE TOTALS Operating income (loss) $ (170,317) $ (2,684,870) $ (2,855,187) Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities: Depreciation expense 3,503, ,176 4,173,745 Proceeds from damage claims (Increase) in accounts receivable (9,476) --- (9,476) Decrease in due from other governmental units 2, ,900 Increase (decrease) in accounts payable and contracts payable 67,998 64, ,414 (Increase) in prepaids (3,031) --- (3,031) Increase (decrease) in accrued wages payable (2,585) 419 (2,166) Increase in accrued employee benefits and other postemployment benefits 75, ,986 (Increase) in deferred outflows (70,185) --- (70,185) Increase in deferred inflows 56, ,185 Increase in net pension liability 35, ,607 Total adjustments 3,657, ,011 4,392,618 Net cash provided by (used in) operating activities $ 3,487,290 $ (1,949,859) $ 1,537,431 Schedule of noncash investing and financing activities: Increase in fair value of investments $ (6) $ --- $ (6) Schedule of noncash capital and related financing activities: Gain on disposal of capital assets $ 5,022 $ --- $ 5,

7 COMBINING STATEMENT OF NET POSITION (DEFICIT) NONMAJOR ENTERPRISE FUNDS June 30, 2018 ASSETS SOLID GOLF WASTE COURSES SYSTEM TOTALS Current assets: Unrestricted current assets: Cash and investments $ 4,500 $ 4,515,170 $ 4,519,670 Accounts receivable 227,664 82, ,827 Due from other governmetnal units ,544 91,544 Prepaid items Total current assets 232,164 4,689,827 4,921,991 Noncurrent assets, capital assets: Land 123, ,497 Buildings 597,434 1,143,880 1,741,314 Improvements other than buildings 3,210, ,802 3,466,036 Machinery and equipment 647,965 15,657,054 16,305,019 Accumulated depreciation (2,502,555) (10,812,415) (13,314,970) Total capital assets, net of accumulated depreciation 2,076,575 6,244,321 8,320,896 Total assets $ 2,308,739 $ 10,934,148 $ 13,242,887 DEFERRED OUTFLOW OF RESOURCES Other postemployment benefits related deferred outflows ,198 27,198 Pension related deferred outflows --- 1,464,374 1,464,374 Total outflow of resources $ --- $ 1,491,572 $ 1,491,572 LIABILITIES Current liabilities: Accounts payable $ 43,116 $ 435,974 $ 479,090 Accrued wages payable , ,601 Accrued employee benefits , ,962 Total current liabilities 43, , ,653 Noncurrent liabilities: Accrued employee benefits , ,352 Other postemployment benefits , ,876 Net pension liability --- 3,119,635 3,119,635 Advance from other funds 2,734, ,734,868 Total noncurrent liabilities 2,734,868 4,228,863 6,963,731 Total liabilities $ 2,777,984 $ 5,111,400 $ 7,889,384 DEFERRED INFLOWS OF RESOURCES Other postemployment benefits related deferred inflows ,157 25,157 Pension related deferred inflows , ,046 Total deferred inflows of resources $ --- $ 726,203 $ 726,203 NET POSITION (DEFICIT) Net investment in capital assets 2,076,575 6,244,321 8,320,896 Unrestricted (2,545,820) 343,796 (2,202,024) Total net position (deficit) $ (469,245) $ 6,588,117 $ 6,118,

8 COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION (DEFICIT) NONMAJOR ENTERPRISE FUNDS For the Fiscal Year Ended June 30, 2018 Operating revenues: GOLF SOLID WASTE COURSES SYSTEM TOTALS Charges for sales and services $ 389,859 $ 12,671,822 $ 13,061,681 Miscellaneous 75, ,222 Total operating revenues 465,081 12,671,822 13,136,903 Operating expenses: Personal services --- 5,303,625 5,303,625 Contractual services 202,492 5,363,073 5,565,565 Commodities 4, , ,471 Depreciation 87, , ,680 Other charges 14,155 1,361,959 1,376,114 Total operating expenses 309,462 13,284,993 13,594,455 Operating income (loss) 155,619 (613,171) (457,552) Non-operating revenues (expenses): Gain on disposal of capital assets , ,603 Proceeds from damage claims --- 3,423 3,423 Investment earnings ,680 91,680 Interest expense and fiscal charges (34,974) --- (34,974) Total nonoperating revenues (expenses) (34,974) 278, ,732 Gain (loss) before transfers and capital grants and contributions 120,645 (334,465) (213,820) Transfers out --- (3,000,000) (3,000,000) Capital grants and contributions 3, ,500 Change in net position 124,145 (3,334,465) (3,210,320) Total net position (deficit) - beginning, as restated (593,390) 9,922,582 9,329,192 Total net position (deficit) - ending $ (469,245) $ 6,588,117 $ 6,118,

9 COMBINING STATEMENT OF CASH FLOWS NONMAJOR ENTERPRISE FUNDS For the Fiscal Year Ended June 30, 2018 GOLF SOLID WASTE COURSES SYSTEM TOTALS CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers and users $ 460,442 $ 12,708,582 $ 13,169,024 Payments to suppliers (215,181) (6,893,988) (7,109,169) Payments to employees --- (5,164,782) (5,164,782) Proceeds from damage claims --- 3,423 3,423 Net cash provided by operating activities CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES 245, , ,496 Transfer out --- (3,000,000) (3,000,000) Proceeds from (payments to) interfund accounts (213,787) (1,074) (214,861) Net cash used in noncapital and related financing activities (213,787) (3,001,074) (3,214,861) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Proceeds from intergovernmental and capital grants 3, ,500 Interest paid on capital debt (34,974) --- (34,974) Proceeds from the sale of capital assets , ,440 Acquisition and construction of capital assets --- (4,275,020) (4,275,020) Net cash (used in) capital and related financing activities CASH FLOWS FROM INVESTING ACTIVITIES (31,474) (4,050,580) (4,082,054) Interest and dividends received ,680 91,680 Net cash provided by investing activities ,680 91,680 Net (decrease) in cash and cash equivalents --- (6,306,739) (6,306,739) Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year $ 4,500 $ 10,821,909 $ 10,826,409 $ 4,500 $ 4,515,170 $ 4,519,

10 SOLID GOLF WASTE COURSES SYSTEM TOTALS Reconciliation of operating income (loss) to net cash provided by operating activities: Operating income (loss) $ 155,619 $ (613,171) $ (457,552) Adjustments to reconcile operating income (loss) to net cash provided by operating activities: Depreciation expense 87, , ,680 Proceeds from damage claims --- 3,423 3,423 (Increase) decrease in accounts receivable (4,639) 69,571 64,932 receivable --- (32,557) (32,557) Decrease in due from other governmental units --- 3,079 3,079 Increase in accounts payable 6, , ,981 (Decrease) in accrued wages payable --- (4,231) (4,231) Increase in accrued employee benefits --- 5,965 5,965 Increase other postemployment benefits ,217 40,217 (Decrease) in unearned revenue --- (3,333) (3,333) (Increase) in deferred outflows --- (311,884) (311,884) Increase in deferred inflows , ,277 Increase in net pension liability , ,499 Total adjustments 89,642 1,266,406 1,356,048 Net cash provided by operating activities $ 245,261 $ 653,235 $ 898,496 Schedule of noncash capital and related financing activities: Gain (loss) on disposal of capital assets $ --- $ 183,603 $ 183,

11 COMBINING STATEMENT OF NET POSITION INTERNAL SERVICE FUNDS June 30, 2018 ASSETS EQUIPMENT RADIO SERVICE CENTRAL COMMUNI- CENTER FORESTRY SERVICES CATIONS Current assets: Cash and investments $ 869,499 $ 45,778 $ 349,694 $ 93,744 Taxes receivable 26, Accounts receivable 233 6, Due from other governmental units Prepaid items , Inventory 114, , Total current assets 1,011,812 52, ,998 93,744 Noncurrent assets, capital assets: Machinery and equipment 145, ,114,041 21,328 Accumulated depreciation (87,562) --- (1,113,213) (21,328) Total capital assets, net of accumulated depreciation 57, Total assets $ 1,069,540 $ 52,040 $ 474,826 $ 93,744 DEFERRED OUTFLOW OF RESOURCES Other postemployment benefits related deferred outflows 21,092 7, ,885 Pension related deferred outflows 986, ,772 44, ,532 Total deferred outflow of resources $ 1,007,237 $ 359,543 $ 45,232 $ 189,417 LIABILITIES Current liabilities: Accounts payable $ 360,537 $ 20,429 $ 15,702 $ 2,583 Accrued wages payable 128,577 47,145 5,310 27,035 Accrued employee benefits 108,531 43,044 8,238 82,083 Unearned revenue Total current liabilities 597, ,618 29, ,701 Noncurrent liabilities: Accrued employee benefits 213,500 95,052 18,192 37,489 Other postemployment liability 538, ,251 14,161 99,125 Net pension liability 2,109, ,875 91, ,842 Total noncurrent liabilities 2,861,470 1,022, , ,456 Total liabilities 3,459,115 1,132, , ,157 DEFERRED INFLOWS OF RESOURCES Other postemployment benefits related deferred inflows 19,510 7, ,594 Pension related deferred inflows 471, ,812 19, ,057 Total deferred inflows of resources $ 490,524 $ 169,000 $ 20,263 $ 107,651 NET POSITION (DEFICIT) Net investment in capital assets 57, Unrestricted (1,930,590) (890,213) 346,360 (500,647) Total net position (deficit) $ (1,872,862) $ (890,213) $ 347,188 $ (500,647) 146

12 EQUIPMENT RADIO GROUP HEALTH REPLACEMENT REPLACEMENT INSURANCE TOTALS $ 4,143,771 $ 20,049 $ 7,012,690 $ 12,535, , ,206 21, , , , ,996 4,144,495 20,049 7,345,345 13,141,483 33,292,790 2,438, ,011,682 (28,471,564) (2,438,233) --- (32,131,900) 4,821, ,879,782 $ 8,965,721 $ 20,049 $ 7,345,345 $ 18,021, , ,568,126 $ --- $ --- $ --- $ 1,601,429 $ --- $ --- $ 698,557 $ 1,097, , ,648,000 1,889, ,802 9, ,356,359 3,205, , , ,357, ,571, ,356,359 7,777, , ,633 $ --- $ --- $ --- $ 787,438 4,821, ,879,782 4,144,495 20,049 4,988,986 6,178,440 $ 8,965,721 $ 20,049 $ 4,988,986 $ 11,058,

13 COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION (DEFICIT) INTERNAL SERVICE FUNDS For the Fiscal Year Ended June 30, 2018 Operating revenues: EQUIPMENT SERVICE CENTRAL CENTER FORESTRY SERVICES Charges for sales and services $ 9,506,847 $ 1,614,175 $ 693,659 Miscellaneous 1,313 12, Total operating revenue 9,508,160 1,626, ,659 Operating expenses: Personal services 3,549,316 1,300, ,788 Contractual services 853, , ,743 Commodities 5,158,255 33,922 69,192 Depreciation 7, ,576 Other charges 102, , Total operating expenses 9,671,000 1,793, ,299 Operating income (loss) (162,840) (166,924) 10,360 Non-operating revenues: Proceeds from damage claims Gain on disposal of capital assets Total nonoperating revenues Change in net position Total net position (deficit) - beginning, as restated (162,840) (166,924) 10,360 (1,710,022) (723,289) 336,828 Total net position (deficit) - ending $ (1,872,862) $ (890,213) $ 347,

14 RADIO COMMUN- EQUIPMENT RADIO GROUP HEALTH ICATIONS REPLACEMENT REPLACEMENT INSURANCE TOTALS $ 761,814 $ 3,232,725 $ --- $ 30,954,684 $ 46,763, , , ,814 3,244, ,954,684 46,789, , ,621,613 97, ,150,701 31,842,793 47, ,308, ,812, ,820, , , ,098 1,812, ,208,591 44,941,451 (11,284) 1,432, ,093 1,848, , , , , , ,458 (11,284) 1,530, ,093 1,945,771 (489,363) 7,435,355 20,049 4,242,893 9,112,451 $ (500,647) $ 8,965,721 $ 20,049 $ 4,988,986 $ 11,058,

15 COMBINING STATEMENT OF CASH FLOWS ALL INTERNAL SERVICE FUNDS For the Fiscal Year Ended June 30, 2018 EQUIPMENT RADIO SERVICE CENTRAL COMMUNI- CENTER FORESTRY SERVICES CATIONS CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers and users $ 668,762 $ 1,620,190 $ 693,659 $ 761,814 Receipts from interfund services provided 8,833, Payments to suppliers (6,049,879) (295,296) (528,562) (185,642) Payments to employees (3,418,951) (1,258,971) (135,566) (562,068) Proceeds from damage claims Payments for interfund services used (111,703) (181,029) Net cash provided by (used in) operating activities (77,793) (115,106) 29,531 14,104 CASH FLOWS FROM NONCAPITAL AND RELATED FINANCING ACTIVITIES Proceeds from interfund accounts Payments to interfund accounts Intergovernmental receipts Net cash provided by (used in) noncapital and related financing activities CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition and construction of capital assets (47,597) --- (1) --- Proceeds from sale of capital assets Net cash used in capital and related financing activities (47,597) --- (1) --- Net increase (decrease) in cash and cash equivalents (125,340) (115,106) 29,530 14,308 Cash and cash equivalents, beginning of year $ 994,839 $ 160,884 $ 320,164 $ 79,436 Cash and cash equivalents, end of year $ 869,499 $ 45,778 $ 349,694 $ 93,

16 EQUIPMENT RADIO GROUP HEALTH REPLACEMENT REPLACEMENT INSURANCE TOTALS $ 3,250,546 $ --- $ 30,930,308 $ 37,925, ,833,978 (245,285) --- (30,243,967) (37,548,631) (251,000) (5,626,556) 22, , (292,732) 3,028, ,341 3,314, (318,449) (318,449) ,802 9, (308,647) (308,393) (2,114,115) (2,161,713) 77, ,335 (2,036,780) (2,084,378) 991, , ,512 $ 3,152,345 $ 20,049 $ 6,885,996 $ 11,613,713 $ 4,143,771 $ 20,049 $ 7,012,690 $ 12,535,225 (continued) 151

17 COMBINING STATEMENT OF CASH FLOWS (CONTINUED) ALL INTERNAL SERVICE FUNDS For the Fiscal Year Ended June 30, 2018 Reconciliation of operating income (loss) to net cash provided by (used in) operating activities: EQUIPMENT RADIO SERVICE CENTRAL COMMUNI- CENTER FORESTRY SERVICES CATIONS Operating income (loss) (162,840) (166,924) 10,360 (11,284) Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities: Depreciation expense 7, , Proceeds from damage claims (Increase) decrease in accounts and taxes receivable (5,420) (6,262) (Increase) in inventories (16,337) --- (8,347) --- Decrease in prepaid items 2, , Increase (decrease) in accounts payable (33,419) 16,601 7,114 (40,603) Increase (decrease) in accrued wages payable (2,252) (3,548) Increase (decrease) in accrued employee benefits and other postemployment benefits 63,721 20,841 5,190 59,209 (Decrease) in unearned revenue (Increase) in deferred outflows (210,457) (75,856) (9,334) (41,932) Increase in deferred inflows 170,061 60,975 7,319 29,057 Increase in net pension liability 109,292 39,067 4,951 18,770 Total adjustments 85,047 51,818 19,171 25,388 Net cash provided by (used in) operating activities $ (77,793) $ (115,106) $ 29,531 $ 14,104 Schedule of noncash capital and related financing activities: Gain on sale of capital asset

18 EQUIPMENT RADIO GROUP HEALTH REPLACEMENT REPLACEMENT INSURANCE TOTALS 1,432, ,093 1,848,313 1,812, ,820,929 22, ,945 5, (7,018) (13,149) (24,684) ,198 (245,285) --- (35,376) (330,968) (4,817) (251,000) (102,039) (17,358) (17,358) (337,579) , ,080 1,595, (310,752) 1,465,970 $ 3,028,206 $ --- $ 435,341 $ 3,314,283 74, ,