Annual Local Unit Fiscal Report Issued under the authority of PA 71 of 1919, PA 2 of 1968 and PA 140 of Filing is mandatory.

Transcription

1 Michigan Department of Treasury 3965 (Rev. 1/15 v1) Annual Local Unit Fiscal Report Issued under the authority of PA 71 of 1919, PA 2 of 1968 and PA 14 of Filing is mandatory. Local Unit Basic Information County: KENT Type: Township Local Unit Name: CASCADE CHARTER Municode: FY Ending: 217 Year End Month: 12 Form ID: 5652 Instructions STATEMENT OF OPERATIONS Final Amended REVENUE 11-Fund units TAX REVENUE Tax Reverted Property 424 U99 Payment in-lieu-of Taxes (PILOT) 432 C3 Swamp Land Taxes, Forest Reserve 429, 43 C3 Commercial Facilities Tax (Act 255 of 1978) 433 T1 Trailer Taxes (Act 243 of 1959) 434 T99 Transient Guest Lodging Tax (Act 263 of 1974) 435 T19 Industrial Facilities Tax (Act 198 of 1974) 437 $6,481. $6,481. $17,27. T1 $23,58. Income Tax 438 T4 Property Tax (includes delinquent taxes, penalties, interest, fees, communitywide special assessments) $2,91,238. $2,118,933. $3,678,217. $79,75. T1 $6,56,855. TOTAL TAX REVENUE $2,97,719. $2,125,414. $3,695,244. $79,75. $6,53,363. SPECIAL ASSESSMENTS Special Assessments TOTAL SPECIAL ASSESSMENTS

2 LICENSES AND PERMITS Business Licenses and Permits $427,. $439,473. $1,923,362. T99 $2,362,835. Non-Business Licenses and Permits 49-5 $95. $634. T99 $634. TOTAL LICENSES AND PERMITS $427,95. $44,17. $1,923,362. $2,363,469. FEDERAL GRANTS General Government 52 B89 Public Safety 55 B89 Sanitation 513 B89 Health and/or Hospitals 516 B42 Welfare 519 B79 Culture and Recreation 523 B89 Housing & Community Development 522 B5 Federal Aid Grants B89 TOTAL FEDERAL GRANTS STATE GRANTS State Revenue Sharing 574 $1,453,316. $1,469,85. C89 $1,469,85. Public Safety , 547, 57 C89 Streets and Highways (Act 51) 546 C46 Streets and Highways (Non-Act 51) 546 C46 Sanitation 552 C89

3 Health 555 C42 Welfare 555 C79 Culture and Recreation 566 C89 Other General/All Other State Aid Grants $59,735. $82,263. C89 $82,263. TOTAL STATE GRANTS $1,513,51. $1,552,68. $1,552,68. CONTRIBUTIONS FROM LOCAL UNITS General Government D89 Public Safety D89 Streets and Highways D46 Sanitation D89 Health and/or Hospitals D42 Welfare D79 Culture and Recreation $32,87. D89 $32,87. Housing & Community Development D5 Gas, Water, and Electric Utilities D89 Transit D D89 TOTAL CONTRIBUTIONS FROM LOCAL UNITS $32,87. $32,87. CHARGES FOR SERVICES Services Rendered Charges $137,35. $144, A89 $144,389. Parking Facilities (garages, meters, etc.) A6 $.

4 Sales, Use, & Admission Fees , 653, 654 $3, A89 $3,725. Fees A89 $. TOTAL CHARGES FOR SERVICES $137,35. $144,389. $3,725. $. $. $148,114. FINES AND FORFEITS All Fines, Penalties & Forfeits U99 TOTAL FINES AND FORFEITS INTEREST AND RENTS Interest & Dividends $72,3. $74,552. $112,234. $6,416. $193,22. Rents & Royalties $22,48. $217,636. $217,636. Other TOTAL INTEREST AND RENTS $292,78. $292,188. $112,234. $6,416. $41,838. OTHER REVENUE Reimbursements 676 $1,. $1,15. $1,15. Sale of Capital Assets 673 $5. $5. U11 $5. Public and Private Contributions 674 $166,452. $131,265. $5,. U99 $136,265. Refunds & Rebates 687 $1,67. U99 $1,67. Miscellaneous/Oth er Revenue $22,. $21,321. $424,751. $13,323. U99 $459,395. TOTAL OTHER REVENUE $189,952. $153,651. $431,421. $13,323. $598,395. OTHER FINANCING SOURCES

5 Proceeds from Bond/Note Issuance $2,739,. $2,739,. Transfers In 699 $94,34. $96,75. $725,144. $821,894. TOTAL OTHER FINANCING SOURCES $94,34. $96,75. $3,464,144. $3,56,894. TOTAL REVENUE $4,753,142. $4,84,567. $9,663,. $. $. $729,444. $15,197,11. STATEMENT OF OPERATIONS Legislative (Council, Board, Commission) $44,843. $4,898. E29 $4,898. Chief Executive $153,14. $134,571. E29 $134,571. Treasurer 253 $131,786. $126,798. E23 $126,798. Clerk $88,781. $81,69. E29 $81,69. Assessing Equalization 243, 245, 247 and 257 $226,259. $216,533. E23 $216,533. Finance and Tax Administration $672,423. $569,191. E23 $569,191. Elections 262 $11,5. $7,784. E89 $7,784. Building and Grounds 265 $516,932. $48,559. E31 $48,559. Attorney/Corporatio n Counsel 266 General Government $611,549. E89 $611,549. TOTAL GENERAL GOVERNMENT $1,845,664. $1,586,24. $611,549. $2,197,573. JUDICIAL Trial Court Circuit Court District/Municipal Court

6 Friend of the Court 289, 291 Friend of the Court- -Cooperative Reimbursement Program 29 Law Library Probate Court 294 Probation 295 Prosecuting Attorney 296 Grand Jury 297 Family Counseling Services 298 Other Judicial Activities TOTAL JUDICIAL PUBLIC SAFETY Police/Sheriff/Cons table 31, 35, 31, , $. $. $. E62 $. Fire $. $. $1,939,422. E24 $1,939,422. Combined Public Safety Department 345 $643,152. E89 $643,152. Emergency 911 Dispatch Activities 325 E89 Corrections/Jail E5 Building Inspection & Regulation Activities $1,233,634. E66 $1,233,634. Public Safety Activities $. E89 $. TOTAL PUBLIC SAFETY $. $. $3,816,28. $3,816,28. PUBLIC WORKS Public Works (Non- Act 51) 441, 442, $628,5. $516,65. E44 $516,65.

7 Road Commission/Street Dept. (Act 51) E44 Sanitation/Landfill/ Solid Waste , E81 Water and/or Sewer Systems $. E8 $. Airports 595 E1 Public Transportation 596 E94 Other Public Works - Activities , 597 E89 Public Works TOTAL PUBLIC WORKS $628,5. $516,65. $. $516,65. HEALTH AND WELFARE Health Departments, Boards and Clinics 61, 65, 61, 611 E32 Alcoholism and Substance Abuse 631 E32 Hospital 635 E36 Medical Examiner 648 E62 Mental Health 649, 65 E32 Emergency Services (Ambulance) 651 E32 Child Care Activities/Human Services E79 Human Services & Medical Care Facility E79 Area Agency on Aging 672 E89 Veteran's Programs , 689 E89 Redevelopment & Public Housing 69, E5 Health & Welfare E32 TOTAL HEALTH AND WELFARE

8 COMMUNITY/ECONOMIC DEVELOPMENT Community Planning and Zoning 71-73, 71, 712, 713 $274,899. $23,95. E29 $23,95. Economic Development 728, E89 Register of Deeds 711 Community Development TOTAL COMMUNITY/ECO NOMIC DEVELOPMENT $274,899. $23,95. $23,95. RECREATION AND CULTURE Parks and Recreation , 756, 76, 764, 767, 77 $62,7. $61,979. E61 $61,979. Library $2,695. E52 $2,695. Various Cultural Activities, Fine Arts, Historical Society, Museums, etc $1,46. $9,83. $29,513. E61 $38,596. Recreation and Culture $35,37. $35,37. TOTAL RECREATION AND CULTURE $73,16. $71,62. $265,578. $336,64. OTHER Miscellaneous 955 $74,158. $72,433. $72,433. Capital Outlay $527,2. $383,971. $1,453,28. $1,837,251. Debt Service $71,631. $12,512. $714,143.

9 Depreciation 968 TOTAL OTHER $1,267,358. $1,86,44. $2,154,911. $12,512. $3,253,827. OTHER FINANCING USES Transfers (Out) 995 $441,5. $432,775. $389,119. $821,894. EXTRAORDINARY /SPECIAL ITEMS $2,754,88. $2,754,88. TOTAL OTHER FINANCING USES $441,5. $432,775. $3,143,27. $3,575,982. TOTAL EXPENDITURES $4,53,586. $3,923,82. $9,379,94. $. $624,61. $13,927,785. Net Change in Fund Balances/Fund Net Position $222,556. $88,747. $283,96. $. $. $15,383. $1,269,226. Fund Balance/Fund Net Position Beginning Balances $9,8,233. $9,8,235. $12,334,842. $. $. $4,896,69. $26,311,146. Prior Period Adjustment Fund Balance/Fund Net Position Ending Balances $9,32,789. $9,96,982. $12,617,938. $. $. $5,1,452. $27,58,372. STATEMENT OF OPERATIONS--Additions to Capital Assets List Capital Outlay Expenditures from all funds (included in expenditures in the Statement of Operations) by category: Capital Assets Legislative G29 Judicial G25 General Government G89 $383,971. Police G62 Fire G24 $489,33.

10 Combined Public Safety G89 Parking Meters, Off-Street Parking G6 Corrections G5 Other Public Safety G89 Streets & Highways G44 Sanitation/Solid Waste G81 Sewerage G8 $71,136. Water G91 Electric Utilities G92 Airports G1 Public Transportation G94 Hospital & Hospital Operations G36 Welfare G79 Housing & Redevelopment G5 $141,262. Health & Welfare G32 Parks & Recreation G61 Library G52 $34,97. Other Recreation & Culture G61 $77,879. Other Functions G89 Other Capital Outlay TOTAL ADDITIONS TO CAPITAL ASSETS $1,837,251. STATEMENT OF POSITION ASSETS, DEFERRED OUTFLOWS OF RESOURCES Cash & Cash Equivalents 1-16 $9,747,142. $13,68,558. $. $. $71,879. W61 $23,526,579. Investment in Securities 17 W61 TOTAL CASH AND INVESTMENTS $9,747,142. $13,68,558. $. $. $71,879. $23,526,579.

11 RECEIVABLES Tax, Utility, & Assessment Receivables 19-7 $767,199. $5,348,386. $28,86. $6,324,391. Due from Other Governments & $264,481. $133,453. $397,934. Due from Other 84 Receivables 18-1 $962,719. $2,14,52. $2,976,771. TOTAL RECEIVABLES $1,994,399. $7,495,891. $28,86. $9,699,96. OTHER CURRENT ASSETS Inventory Prepaids 123 $13,92. $22,21. $35,113. Assets Held for Sale 128 Current Assets TOTAL OTHER CURRENT ASSETS $13,92. $22,21. $35,113. CAPITAL ASSETS (NET) Land & Improvements $59,366. $59,366. Buildings & Equipment Vehicles Water System Sewer System Capital Assets , $4,549,469. $4,549,469. TOTAL CAPITAL ASSETS (NET) $4,68,835. $4,68,835. OTHER LONG TERM ASSETS

12 Net Pension Asset 19 Net OPEB Asset 191 Advances to Other 193 Advances to Other of Government 194 Other Investments TOTAL OTHER LONG TERM ASSETS TOTAL ASSETS $11,754,633. $2,586,47. $. $. $5,528,52. $37,869,623. TOTAL DEFERRED OUTFLOWS OF RESOURCES TOTAL ASSETS AND DEFERRED OUTFLOWS OF RESOURCES $11,754,633. $2,586,47. $. $. $5,528,52. $37,869,623. LIABILITIES, DEFERRED INFLOWS OF RESOURCES, FUND BALANCE/NE T POSITION 11-Fund units CURRENT LIABILITIES Due to Other 214 Accrued Wages & Benefits $17,145. $29,583. $46,728. s Payable & Current Liabilities $181,68. $6,12. $. $. $115,262. $897,44. TOTAL CURRENT LIABILITIES $198,825. $629,685. $. $. $115,262. $943,772. LONG-TERM LIABILITIES Long-Term Debt 3-37 Advances from Other 314 Other Advances , 333

13 Unearned Revenues 339 $1,594,826. $7,338,847. $28,86. $9,142,479. Net Pension Liability 334 OPEB Obligation 335 Accrued Benefits & Compensation 343 Long-Term Liabilities $23,. $23,. TOTAL LONG-TERM LIABILITIES $1,594,826. $7,338,847. $411,86. $9,345,479. TOTAL DEFERRED INFLOWS OF RESOURCES FUND BALANCE/NET POSITION (Net) Investment in Capital Assets 391 $4,38,835. $4,38,835. Nonspendable $13,92. $117,33. $13,422. Restricted , $12,457,48. $12,457,48. Committed $974,543. $9,94. $984,483. Assigned $152,397. $33,62. $186,17. Unassigned/Unrestrict ed 39, 399 $8,82,95. $. $. $. $692,617. $9,513,567. TOTAL FUND BALANCE/NET POSITION $9,96,982. $12,617,938. $. $. $5,1,452. $27,58,372. TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCE/NET POSITION $11,754,633. $2,586,47. $. $. $5,528,52. $37,869,623. Capital Assets (Net) Long- Term Debt OTHER SUPPLEMENTARY INFORMATION Amounts Paid to Other Governments Corrections M5 Local Schools M12 Financial Administration M23

14 Health M32 Hospitals M38 Housing and Urban Renewal M5 Highways M44 Transit Subsidies M94 Police M62 $643,152. Fire Sewerage M8 Sanitation M81 M89 Amounts Paid to State Corrections L5 Local Schools L12 Financial Administration L23 Health L32 Hospitals L38 Housing and Urban Renewal L5 Highways L44 Transit Subsidies L94 Police L62 Sewerage L8 Sanitation L81 L89 City Income Tax Detail Income tax revenue from residents $. Income tax revenue from nonresidents $. Other income tax revenue $. Personnel Statistics Number of Police Personnel Number of Fire Personnel 29 Combined Public Safety Personnel 29

15 Personnel 18 Wage and Salary Costs $2,642,49. Report salaries, wages, and per diems paid to all full-time and part-time employees of your local unit. These amounts may be taken from W-3 and 199 forms filed by your local unit at the end of the calendar year. Show total amount on the line for total wage and salary costs. Investment Information Do all investments comply with P.A. 2 of 1943? Y Does the unit have an investment policy approved by the governing body that complies with GASB statement No. 4? Y Does the investment policy allow mutual funds with net asset values other than $1? N Other Information Are there non-pension funds invested in derivatives at fiscal year-end? N How Many? Are there pension funds invested in derivatives at fiscal year-end? N How Many? DERIVATIVE INSTRUMENTS - NON-PENSION INVESTMENT PORTFOLIO Note: Please report any derivative instruments your government had at the end of the fiscal year which were part of the non-pension investment portfolio. The information must be reported both on an aggregate basis, and itemized by issuer and type of derivative instrument or product. Issuer Type of Derivative Cost Market Value DERIVATIVE INSTRUMENTS - PENSION INVESTMENT PORTFOLIO Note: Please report any derivative instruments your government had at the end of the fiscal year which were part of the pension investment portfolio. The information must be reported both on an aggregate basis, and itemized by issuer and type of derivative instrument or product. Issuer Type of Derivative Cost Market Value PENSION AND HEALTH BENEFIT PLANS PENSION Does your unit have an employee retirement system(s)? Y If yes, is it administered by: Insurance Company Self Financial Institution CHECKED MERS Your local unit has the following plan types: (check all that apply) CHECKED Defined Benefit Hybrid Defined Contribution What is the aggregate Net Pension Liability? (If overfunded, please enter as a negative number) $2,326,157.

16 Please provide the following for all defined contributions plans: Employer Contributions Made Member Contributions Made Please select the types of defined benefit plans of the primary government: CHECKED General Employees Police Other Police & Fire or Public Safety Fire Please provide the following for the general employees defined benefit plan: Pension Expense $414,744. Actuarially Determined Contribution $29,39. Employer Contributions Made $29,39. Actuarial Value of Assets $8,476,243. Member Contributions Made $124,75. Funded Percentage.79% Investment Rate of Return 7.75% Please provide the following for the police defined benefit plan: Pension Expense Actuarially Determined Contribution Employer Contributions Made Actuarial Value of Assets Member Contributions Made Funded Percentage Investment Rate of Return Please provide the following for the fire defined benefit plan: Pension Expense Actuarially Determined Contribution Employer Contributions Made Actuarial Value of Assets Member Contributions Made Funded Percentage Investment Rate of Return Please provide the following for the police & fire or public safety defined benefit plan: Pension Expense Actuarially Determined Contribution Employer Contributions Made Actuarial Value of Assets Member Contributions Made Funded Percentage Investment Rate of Return Please provide the following for the other defined benefit plan: Name of Defined Benefit Plan Actuarially Determined Contribution Pension Expense Actuarial Value of Assets Employer Contributions Made Funded Percentage Member Contributions Made Investment Rate of Return Are your defined benefit pension plans audited by an independent CPA? Y OTHER POSTEMPLOYMENT BENEFITS Does your unit have other post-employment benefits (OPEB) such as retiree healthcare? N

17 If yes, is it administered by: Insurance Company Self Financial Institution MERS What is the aggregate Unfunded Accrued Liability for the primary government? (If overfunded, please enter as a negative number) Please provide the following: Annual Required Contribution Employer Contributions Made Funded Percentage INDEBTEDNESS Report special obligations of all agencies of your government as well as general obligation debt. Description Beginning Balance Additions (Include all refunding issues) Reductions (Include all refunded debt) Ending Balance LONG-TERM DEBT Bonds, mortgages, etc. with an original term of more than one year issued in the name of your government or of particular agencies. Exclude amounts for compensated absences. Public Debt for Privately Owned Housing, Industrial, or Business Purposes 19T 24T 34T 44T ALL OTHER PURPOSES General Obligation Bonds $3,619,. $2,739,. $3,164,. $3,194,. Revenue Bonds Unlimited Tax Bonds Limited Tax Bonds Notes Payable Debt TOTAL ALL OTHER PURPOSES 19U $3,619,. 29U $2,739,. 39U $3,164,. 44U $3,194,. TOTAL LONG-TERM DEBT $3,619,. $2,739,. $3,164,. $3,194,. Description Beginning Balance Additions (Include all refunding issues) Reductions (Include all refunded debt) Ending Balance SHORT-TERM (Interest-Bearing) DEBT Tax anticipation notes, bond anticipation notes, interest-bearing warrants, and other obligations with a term of one year or less. Exclude accounts payable and other noninterest-bearing obligations. Tax Anticipation Note Revenue Anticipation Note

18 Short-Term Debt TOTAL SHORT- TERM DEBT 61V 64V Description Amount INTEREST ON DEBT Amount of interest paid on long and short-term debt by purpose. Interest on Water Supply System Debt I91 Interest on Sewer System Debt I89 Interest on Electric Power System Debt I92 Interest on Transit System Debt I94 Interest on Debt I89 $153,998. Remarks: Certification Please provide the following: CERTIFIED CERTIFIED I affirm that all answers are correct to the best of my knowledge. CERTIFIED I affirm that I am authorized to submit this form on behalf of the local unit of government. I affirm that the form has been reconciled to the correspondi ng audit report where applicable.