COUNTY OF MARQUETTE, MICHIGAN ALL INTERNAL SERVICE FUNDS COMBINING STATEMENT OF NET POSITION. December 31, 2013

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1 ALL INTERNAL SERVICE FUNDS COMBINING STATEMENT OF NET POSITION December 31, 2013 Negaunee Other Post- Service Center Employment Technology Fund Benefits Fund Total ASSETS Current Assets: Cash and equivalents $ 9,222 $ 1,768,680 $ 883,475 $ 2,661,377 Accounts receivable Other assets TOTAL CURRENT ASSETS 9,222 1,768, ,475 2,661,377 Noncurrent Assets: Capital Assets: Land and construction in progress Other capital assets, net of depreciation 130, , ,892 TOTAL NONCURRENT ASSETS 130, , ,892 TOTAL ASSETS 139,498 1,768,680 1,516,091 3,424,269 LIABILITIES Current Liabilities: Accounts payable 1,914-12,645 14,559 Accrued payroll and related liabilities 1, ,326 Other liabilities TOTAL CURRENT LIABILITIES 3,240-12,645 15,885 Noncurrent Liabilities: Compensated absences Other post-employment benefits - 8,157,187-8,157,187 TOTAL NONCURRENT LIABILITIES - 8,157,187-8,157,187 TOTAL LIABILITIES 3,240 8,157,187 12,645 8,173,072 DEFERRED INFLOWS OF RESOURCES TOTAL DEFERRED INFLOWS OF RESOURCES NET POSITION Net investment in capital assets 130, , ,892 Restricted Unrestricted 5,982 (6,388,507) 870,830 (5,511,695) TOTAL NET POSITION $ 136,258 $ (6,388,507) $ 1,503,446 $ (4,748,803) 145

2 ALL INTERNAL SERVICE FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION For the Year Ended December 31, 2013 Negaunee Other Post- Service Center Employment Technology Fund Benefits Fund Total OPERATING REVENUES Charges for services $ 43,896 $ - $ 555,094 $ 598,990 Other - 235,000 2, ,265 TOTAL OPERATING REVENUES 43, , , ,255 OPERATING EXPENSES Operating expenses 149,625 1,389, ,715 1,810,946 Depreciation 24, , ,852 TOTAL OPERATING EXPENSES 173,820 1,389, ,372 1,943,798 OPERATING INCOME (LOSS) (129,924) (1,154,606) 176,987 (1,107,543) NON-OPERATING (REVENUES) EXPENSES Interest income 42 1,068-1,110 TOTAL NON-OPERATING (REVENUES) EXPENSES 42 1,068-1,110 OTHER FINANCING SOURCES (USES) Transfers in - 345, ,000 Transfers (out) TOTAL OTHER FINANCING SOURCES (USES) - 345, ,000 CHANGE IN NET POSITION (129,882) (808,538) 176,987 (761,433) Net position, beginning of year 266,140 (5,579,969) 1,326,459 (3,987,370) NET POSITION, END OF YEAR $ 136,258 $ (6,388,507) $ 1,503,446 $ (4,748,803) 146

3 ALL INTERNAL SERVICE FUNDS COMBINING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2013 Negaunee Other Post- Service Center Employment Technology Fund Benefits Fund Total CASH FLOWS FROM OPERATING ACTIVITIES Cash received from State sources $ - $ - $ - $ - Cash received from fees and charges for services 43, , ,990 Other revenue - 235,000 2, ,265 Cash payments to employees for services (81,899) - (7,112) (89,011) Other operating expenses (68,718) - (258,154) (326,872) NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES (106,721) 235, , ,372 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers in (out) - 345, ,000 NET CASH PROVIDED (USED) BY NONCAPITAL FINANCING ACTIVITIES - 345, ,000 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Cash payments for capital assets - - (223,483) (223,483) NET CASH PROVIDED (USED) BY CAPITAL AND RELATED FINANCING ACTIVITIES - - (223,483) (223,483) CASH FLOWS FROM INVESTMENT ACTIVITIES Interest income 42 1,068-1,110 NET CASH PROVIDED (USED) BY INVESTMENT ACTIVITIES 42 1,068-1,110 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (106,679) 581,068 68, ,999 Cash and equivalents, beginning of year 115,901 1,187, ,865 2,118,378 CASH AND EQUIVALENTS, END OF YEAR $ 9,222 $ 1,768,680 $ 883,475 $ 2,661,377 RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES Operating income (loss) $ (129,924) $ (1,154,606) $ 176,987 $ (1,107,543) Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation 24, , ,852 Change in assets and liabilities: (Increase) decrease in accounts receivable (Increase) decrease in other assets Increase (decrease) in account payable (1,251) - 6,449 5,198 Increase (decrease) in accrued payroll and related liabilities 259 1,389,606-1,389,865 23,203 1,389, ,106 1,527,915 NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES $ (106,721) $ 235,000 $ 292,093 $ 420,

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5 INTERNAL SERVICE FUND - SERVICE CENTER FUND STATEMENT OF NET POSITION December 31, 2013 ASSETS Current Assets: Cash and equivalents $ 9,222 Accounts receivable - Other assets - TOTAL CURRENT ASSETS 9,222 Noncurrent Assets: Capital Assets: Land and construction in progress - Other capital assets, net of depreciation 130,276 TOTAL NONCURRENT ASSETS 130,276 TOTAL ASSETS 139,498 LIABILITIES Current Liabilities: Accounts payable 1,914 Accrued payroll and related liabilities 1,326 Other liabilities - TOTAL CURRENT LIABILITIES 3,240 Noncurrent Liabilities: Compensated absences - TOTAL NONCURRENT LIABILITIES - TOTAL LIABILITIES 3,240 DEFERRED INFLOWS OF RESOURCES - TOTAL DEFERRED INFLOWS OF RESOURCES - NET POSITION Net investment in capital assets 130,276 Restricted - Unrestricted 5,982 TOTAL NET POSITION $ 136,

6 INTERNAL SERVICE FUND - SERVICE CENTER FUND STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION - BUDGET AND ACTUAL YEAR ENDED DECEMBER 31, 2013 Variance with Final Budget Final Positive Budget Actual (Negative) OPERATING REVENUES Charges for services $ 43,896 $ 43,896 $ - TOTAL OPERATING REVENUES 43,896 43,896 - OPERATING EXPENSES Personnel 82,175 82, Supplies 5,025 4, Other services and charges 54,700 54, Depreciation 25,000 24, Capital outlay 8,475 8, TOTAL OPERATING EXPENSES 175, ,820 1,555 OPERATING INCOME (LOSS) (131,479) (129,924) 1,555 NON-OPERATING REVENUES (EXPENSES) Interest income (208) TOTAL NON-OPERATING REVENUES (EXPENSES) (208) INCOME (LOSS) BEFORE TRANSFERS (131,229) (129,882) 1,347 OTHER FINANCING SOURCES (USES) Transfers in Transfers (out) TOTAL OTHER FINANCING SOURCES (USES) CHANGE IN NET POSITION (131,229) (129,882) 1,347 Net position, beginning of year 266, ,140 - NET POSITION, END OF YEAR $ 134,911 $ 136,258 $ 1,

7 INTERNAL SERVICE FUND - OTHER POST-EMPLOYMENT BENEFITS STATEMENT OF NET POSITION December 31, 2013 ASSETS Current Assets: Cash and equivalents $ 1,768,680 Accounts receivable - Other assets - TOTAL CURRENT ASSETS 1,768,680 Noncurrent Assets: Capital Assets: Land and construction in progress - Other capital assets, net of depreciation - TOTAL NONCURRENT ASSETS - TOTAL ASSETS 1,768,680 LIABILITIES Current Liabilities: Accounts payable - Accrued payroll and related liabilities - Other liabilities - TOTAL CURRENT LIABILITIES - Noncurrent Liabilities: Compensated absences - Other post-employment benefits 8,157,187 TOTAL NONCURRENT LIABILITIES 8,157,187 TOTAL LIABILITIES 8,157,187 DEFERRED INFLOWS OF RESOURCES - TOTAL DEFERRED INFLOWS OF RESOURCES - NET POSITION Net investment in capital assets - Restricted - Unrestricted (6,388,507) TOTAL NET POSITION $ (6,388,507) 151

8 INTERNAL SERVICE FUND - OTHER POST-EMPLOYMENT BENEFITS STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION - BUDGET AND ACTUAL YEAR ENDED DECEMBER 31, 2013 Variance with Final Budget Final Positive Budget Actual (Negative) OPERATING REVENUES Other $ - $ 235,000 $ 235,000 TOTAL OPERATING REVENUES - 235, ,000 OPERATING EXPENSES Personnel - 1,389,606 (1,389,606) TOTAL OPERATING EXPENSES - 1,389,606 (1,389,606) OPERATING INCOME (LOSS) - (1,154,606) (1,154,606) NON-OPERATING (REVENUES) EXPENSES Interest income - 1,068 1,068 TOTAL NON-OPERATING (REVENUES) EXPENSES - 1,068 1,068 OTHER FINANCING SOURCES (USES) Transfers in 100, , ,000 Transfers (out) TOTAL OTHER FINANCING SOURCES (USES) 100, , ,000 CHANGE IN NET POSITION 100,000 (808,538) (908,538) Net position, beginning of year (5,579,969) (5,579,969) - NET POSITION, END OF YEAR $ (5,479,969) $ (6,388,507) $ (908,538) 152

9 INTERNAL SERVICE FUND - TECHNOLOGY FUND STATEMENT OF NET POSITION December 31, 2013 ASSETS Current Assets: Cash and equivalents $ 883,475 Accounts receivable - Other assets - TOTAL CURRENT ASSETS 883,475 Noncurrent Assets: Capital Assets: Land and construction in progress - Other capital assets, net of depreciation 632,616 TOTAL NONCURRENT ASSETS 632,616 TOTAL ASSETS 1,516,091 LIABILITIES Current Liabilities: Accounts payable 12,645 Accrued payroll and related liabilities - Other liabilities - TOTAL CURRENT LIABILITIES 12,645 Noncurrent Liabilities: Compensated absences - TOTAL NONCURRENT LIABILITIES - TOTAL LIABILITIES 12,645 DEFERRED INFLOWS OF RESOURCES - TOTAL DEFERRED INFLOWS OF RESOURCES - NET POSITION Net investment in capital assets 632,616 Restricted - Unrestricted 870,830 TOTAL NET POSITION $ 1,503,

10 INTERNAL SERVICE FUND - TECHNOLOGY FUND STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION - BUDGET AND ACTUAL YEAR ENDED DECEMBER 31, 2013 Variance with Final Budget Final Positive Budget Actual (Negative) OPERATING REVENUES Charges for services $ 559,523 $ 555,094 $ (4,429) Other - 2,265 2,265 TOTAL OPERATING REVENUES 559, ,359 (2,164) OPERATING EXPENSES Personnel 7,900 7, Supplies 17,650 17, Other services and charges 270, ,699 32,576 Depreciation 131, ,657 22,649 Capital outlay 338,975 9, ,285 TOTAL OPERATING EXPENSES 766, , ,734 OPERATING INCOME(LOSS) BEFORE TRANSFERS (206,583) 176, ,570 OTHER FINANCING SOURCES (USES) Transfers in Transfers (out) TOTAL OTHER FINANCING SOURCES (USES) CHANGE IN NET POSITION (206,583) 176, ,570 Net position, beginning of year 1,326,459 1,326,459 - NET POSITION, END OF YEAR $ 1,119,876 $ 1,503,446 $ 383,