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HomeMy WebLinkAboutFY24 Annual Financial ReportSTATE OF IOWA 2024 FINANCIAL REPORT FISCAL YEAR ENDED NNE 30, 2024 CITY OF WATERLOO, IOWA DUE: December 1, 2024 16200701000000 CITY OF WATERLOO 715 Mulberry Street WATERLOO IA 50703-5783 POPULATION: 67314 NOTE - The information supplied in this report will be shared by the Iowa State Auditor's Office, the U.S. Census Bureau, various public interest groups, and State and federal agencies. ALL FUNDS Governmental (a) Proprietary (b) Total Actual (c) Budget (d) Revenues and Other Financing Sources Taxes Levied on Property 45,190,123 45,190,123 45,178,924 Less: Uncollected Property Taxes -Levy Year 0 0 0 Net Current Property Taxes 1. 45,190,123 45,190,123 45,178,924 Delinquent Property Taxes 115,029 115,029 0 TIF Revenues 13,684,602 13,684,602 13,065,256 Other City Taxes 23,423,923 0 23,423,923 21,846,255 Licenses and Permits 1,668,723 9,069 1,677,792 1,531,946 Use of Money and Property 6,989,849 1,369,266 8,359,115 2,222,690 Intergovernmental 35,003,902 4,462,210 39,466,112 59,025,991 Charges for Fees and Service 14,406,170 26,869,952 41,276,122 38,994,716 Special Assessments 374,334 0 374,334 308,000 Miscellaneous 14,435,555 27,091 14,462,646 13,886,197 Other Financing Sources 52,460,791 5,928,578 58,389,369 41,504,995 Transfers In 25,774,956 0 25,774,956 36,635,895 Total Revenues and Other Sources 207,753,001 38,666,166 246,419,167 274,200,865 Expenditures and Other Financing Uses Public Safety 42,521,848 42,521,848 43,326,400 Public Works 32,596,085 32,596,085 38,618,720 Health and Social Services 372,010 372,010 380,880 Culture and Recreation 12,282,293 12,282,293 13,684,065 Community and Economic Development 17,653,528 17,653,528 23,788,934 General Government 13,461,747 13,461,747 14,527,657 Debt Service 14,674,659 14,674,659 14,678,350 Capital Projects 43,578,080 43,578,080 60,798,994 Total Governmental Activities Expenditures 177,140,250 0 177,140,250 209,804,000 BUSINESS TYPE ACTIVITIES 31,956,464 31,956,464 61,906,149 Total All Expenditures 1 177,140,250 31,956,464 209,096,714 271,710,149 Other Financing Uses 23,696,360 2,078,596 25,774,956 Transfers Out 23,696,360 2,078,596 25,774,956 36,635,895 Total All Expenditures/and Other Financing Uses 200,836,610 34,035,060 234,871,670 308,346,044 Excess Revenues and Other Sources Over (Under) Expenditures/and Other Financing Uses 6,916,391 4,631,106 11,547,497 -34,145,179 Beginning Fund Balance July 1, 2023 126,001,947 27,389,448 153,391,395 128,428,659 Ending Fund Balance June 30, 2024 132,918,338 32,020,554 164,938,892 94,283,480 NOTE - These balances do not include the following, which were not budgeted and are not available for city operations: Non -budgeted Internal Service Funds Pension Trust Funds Private Purpose Trust Funds Agency Funds Indebtedness at June 30, 2024 Amount Indebtedness at June 30, 2024 Amount General Obligation Debt 125,210,000 Other Long -Term Debt 2,558,402 Revenue Debt 41,087,540 Short -Term Debt 0 TIF Revenue Debt 13,218,824 General Obligation Debt Limit 221,546,701 CERTIFICATION The forgoing report is correct to the best of my knowledge and belief !N I DIGITALLY g SIGNED `� Publication 11/19/2024 Signature of Preparer Printed name of Preparer Bridgett Wood Phone Number 319-291-4323 • 62tcerc-irc 9r1 IGNEO Mayor Date Signed 11/18/2024 Signature of Mayor or Mayor Pro Tem (Name and Title) PLEASE PUBLISH THIS PAGE ONLY REVENUE P2 CITY OF WATERLOO REVENUE AND OTHER FINANCING SOURCES FOR YEAR ENDED JUNE 30, 2024 GAAP / Modified Item Description General (a) Special Revenue (b) TIF Special Revenue (c) Debt Service (d) Capital Projects (e) Permanent (f) Total Governmental (Sum of (a) through (f)) (g) Proprietary (h) Grand Total (Sum of (g) and (h)) (i) Section A - Taxes 1 1 Taxes levied on property 2 23,058,702 14,777,991 7,353,430 45,190,123 45,190,123 2 Less: Uncollected Property Taxes - Levy Year 3 0 0 3 Net Current Property Taxes 4 23,058,702 14,777,991 7,353,430 0 0 45,190,123 45,190,123 4 Delinquent Property Taxes 5 47,051 30,135 37,843 115,029 115,029 5 • Total Property Tax - 6 23,105,753 14,808,126 7,391,273 0 0 45,305,152 45,305,152 6 TIF Revenues 7 13,684,602 13,684,602 13,684,602 7 Other City Taxes Utility Tax Replacement Excise Taxes 8 824,029 529,441 224,125 1,577,595 1,577,595 8 Utility Franchise Tax (Chapter 364.2, Code of Iowa) 9 4,972,067 4,972,067 4,972,067 9 Parimutuel Wager Tax 10 0 0 10 Gaming Wager Tax 11 1,331,875 1,331,875 1,331,875 11 Mobile Home Tax 12 39,681 25,443 10,817 75,941 75,941 12 Hotel / Motel Tax 13 1,648,461 1,648,461 1,648,461 13 Other Local Option Taxes 14 328,473 13,489,511 13,817,984 13,817,984 14 Total Other City Taxes 15 9,144,586 14,044,395 234,942 0 0 23,423,923 0 23,423,923 15 Section B - Licenses and Permits 16 1,646,219 22,504 1,668,723 9,069 1,677,792 16 Section C - Use of Money and Property 17 17 Interest 18 2,836,544 1,474,488 266,373 129,158 862,966 5,569,529 1,369,266 6,938,795 18 Rents and Royalties 19 1,178,259 242,061 1,420,320 1,420,320 19 Other Miscellaneous Use of Money and Property 20 0 0 20 21 0 0 21 Total Use of Money and Property 22 4,014,803 1,716.549 266,373 129,158 862,966 0 6,989,849 1,369,266 8,359,115 22 Section D - Intergovernmental 24 24 Federal Grants and Reimbursements 26 26 Federal Grants 27 911,451 4,494,793 5,406,244 5,406,244 27 Community Development Block Grants 28 2,227,461 2,227,461 2,227,461 28 Housing and Urban Development 29 7,030,076 7,030,076 7,030,076 29 Public Assistance Grants 30 0 0 30 Payment in Lieu of Taxes 31 0 0 31 32 0 0 32 Total Federal Grants and Reimbursements 33 911,451 13,752,330 0 0 0 14,663,781 0 14,663,781 33 REVENUE P3 CITY OF WATERLOO REVENUE AND OTHER FINANCING SOURCES FOR YEAR ENDED JUNE 30, 2024 GAAP / Modified Item Description General (a) Special Revenue (b) TIF Special Revenue (c) Debt Service (d) Capital Projects (e) Permanent (f) Total Governmental (Sum of (a) through (f)) (g) Proprietary (h) Grand Total (Sum of (g) and (h)) (i) Section D - Intergovernmental - Continued 41 41 State Shared Revenues 43 43 Road Use Taxes 44 9,507,480 9,507,480 9,507,480 44 Other state grants and reimbursements 48 48 State grants 49 44,251 187,155 231,406 231,406 49 Iowa Department of Transportation 50 5,713,253 5,713,253 5,713,253 50 Iowa Department of Natural Resources 51 0 0 51 Iowa Economic Development Authority 52 0 0 52 CEBA grants 53 0 0 53 C&I Replacement and Tier I Business Tax Replacement 54 1,387,991 890,932 407,615 2,686,538 2,686,538 54 STATE SHARE-BEER/LIQUOR 55 123,614 123,614 123,614 55 56 0 0 56 57 0 0 57 58 0 0 58 59 0 0 59 ITotal State 60 1,555,856 16,298,820 0 407,615 0 0 18,262,291 0 18,262,291 60 Local Grants and Reimbursements County Contributions 63 10,342 10,342 10,342 63 Library Service 64 63,063 63,063 63,063 64 Township Contributions 65 60,861 60,861 60,861 65 Fire/EMT Service 66 0 0 66 LOCAL GOVERNMENT SHARE 67 373,455 562,448 1,006.216 1,942,119 4,462,210 6,404,329 67 LOCAL GOVERNMENT SHARE 68 1,445 1,445 1,445 68 69 0 0 69 Total Local Grants and Reimbursements 70 498,824 562,448 0 0 1,016,558 0 2,077,830 4,462,210 6,540,040 70 Total Intergovernmental (Sum of lines 33, 60, and 70) 71 2,966,131 30,613,598 0 407,615 1,016,558 0 35,003,902 4,462,210 39,466,112 71 Section E -Charges for Fees and Service 72 72 Water 73 0 0 73 Sewer 74 0 17,263,123 17,263,123 74 Electric 75 0 0 75 Gas 76 0 0 76 Parking 77 348,739 348,739 348,739 77 Airport 78 272,231 41,232 313,463 313,463 78 Landfill/garbage 79 0 6,204,626 6,204,626 79 Hospital 80 0 0 80 REVENUE P4 CITY OF REVENUE AND OTHER FINANCING SOURCES FOR YEAR ENDED JUNE 30, GAAP / Modified Item Description General (a) Special Revenue (b) TIF Special Revenue (c) Debt Service (d) Capital Projects (e) Permanent (f) Total Governmental (Sum of (a) through (f)) (g) Proprietary (h) Grand Total (Sum of (g) and (h)) (i) Section E - Charges for Fees and Service - Continued 81 81 Transit 82 0 0 82 Cable TV 83 0 0 83 Internet 84 0 0 84 Telephone 85 0 0 85 Housing Authority 86 0 0 86 Storm Water 87 0 3,402,203 3,402,203 87 Other: 88 88 Nursing Home 89 0 0 89 Police Service Fees 90 807,105 807,105 807,105 90 Prisoner Care 91 0 0 91 Fire Service Charges 92 172,363 172,363 172,363 92 Ambulance Charges 93 4,758,218 4,758,218 4,758,218 93 Sidewalk Street Repair Charges 94 43,870 43,870 43,870 94 Housing and Urban Renewal Charges 95 337,202 337,202 337,202 95 River Port and Terminal Fees 96 0 0 96 Public Scales 97 0 0 97 Cemetery Charges 98 0 0 98 Library Charges 99 9,844 9,844 9,844 99 Park, Recreation, and Cultural Charges 100 4,322,075 4,322,075 4,322,075 100 Animal Control Charges 101 0 0 101 102 2,802,254 491,037 3,293,291 3,293,291 102 103 0 0 103 Total Charges for Service 104 13,536,699 869,471 0 0 0 0 14,406,170 26,869,952 41,276,122 104 Section F - Special Assesments 106 374,334 374,334 374,334 106 Section G - Miscellaneous 107 107 Contributions 108 486,337 2,572,272 3,058,609 3,058,609 108 Deposits and Sales/Fuel Tax Refunds 109 242,152 149,489 28,921 420,562 420,562 109 Sale of Property and Merchandise 110 0 0 110 Fines 111 2,400,001 2,400,001 2,400,001 111 Internal Service Charges 112 4,044,678 50,000 4,094,678 4,094,678 112 113 162,911 9,776 172,687 27,091 199,778 113 INSURANCE REFUNDS 114 3,289,039 3,289,039 3,289,039 114 HEALTH CARE CONTRIBUTIONS 115 999,979 999,979 999,979 115 116 0 0 116 117 0 0 117 118 0 0 118 119 0 0 119 Total Miscellaneous 120 11,625,097 209,265 0 0 2,601,193 0 14,435,555 27,091 14,462,646 120 REVENUE P5 CITY OF REVENUE AND OTHER FINANCING SOURCES FOR YEAR ENDED JUNE 30, GAAP / Modified Item Description General (a) Special Revenue (b) TIF Special Revenue (c) Debt Service (d) Capital Projects (e) Permanent (0 Total Governmental (Sum of (a) through (f)) (Sum(h) Proprietary Grand Total (Sum of (g) and (h)) (i) Total All Revenues (Sum of lines 6, 7, 15,16,22, 71, 104, 106, and 120) 121 66,413,622 62,283,908 13,950,975 8,162,988 4,480,717 0 155,292,210 32,737,588 188,029,798 121 Section H - Other Financing Sources 123 123 Proceeds of capital asset sales 124 179,490 179,490 12,300 191,790 124 Proceeds of long-term debt (Excluding TIF internal borrowing) 125 26,506,345 26,506,345 5,916,278 32,422,623 125 Proceeds of anticipatory warrants or other short-term debt 126 0 0 126 Regular transfers in and interfund loans 127 11,434,068 1,619,206 2,255,193 15,308,467 15,308,467 127 Internal TIF loans and transfers in 128 246,937 4,307,485 5,912,067 10,466,489 10,466,489 128 129 0 0 129 130 0 0 130 Total Other Financing Sources 131 11,860,495 1,619,206 0 6,562,678 32,418,412 0 52,460,791 5,928,578 58,389,369 131 Total Revenues Except for Beginning Balances (Sum of lines 121 and 131) 132 78,274,117 63,903,114 13,950,975 14,725,666 36,899,129 0 207,753,001 38,666,166 246,419,167 132 Beginning Fund Balance July 1, 2023 134 61,759,575 39,330,823 1,799,909 1,096,553 22,015,087 126,001,947 27,389,448 153,391,395 134 Total Revenues and Other Financing Sources (Sum of lines 132 and 134) 136 140,033,692 103,233,937 15,750,884 15,822,219 58,914,216 (1 333,754,948 66,055,614 399,810,562 136 EXPENDITURES P6 CITY OF WATERLOO EXPENDITURES AND OTHER FINANCING USES FOR FISCAL YEAR ENDED JUNE 30, 2024 GAAP / Modified Item Description Line General (a) Special Revenue (b) TIF Special Revenue (c) Debt Service (d) Capital Projects (e) Permanent (0(a) Total Governmental (Sum of cols. through Hi) (g) Proprietary (h) Grand Total (Sum of col. (g)) (i) Line Section A - Public Safety 1 1 Police Department/Crime Prevention 2 19,987,708 2,566,288 22,553,996 22,553,996 2 Jail 3 0 0 3 Emergency Management 4 114,695 114,695 114,695 4 Flood control 5 0 0 5 Fire Department 6 11,993,770 2,206,855 14,200,625 14,200,625 6 Ambulance 7 4,222,513 4,222,513 4,222,513 7 Building Inspections 8 1,430,019 1,430,019 1,430,019 8 Miscellaneous Protective Services 9 0 0 9 Animal Control 10 0 0 10 Other Public Safety 11 0 0 11 12 0 0 12 13 0 0 13 Total Public Safety 14 37,748,705 4,773,143 0 0 0 42,521,848 42,521,848 14 Section B - Public Works 15 15 Roads, Bridges, Sidewalks 16 142,647 19,347,376 19,490,023 19,490,023 16 Parking Meter and Off -Street 17 398,016 398,016 398,016 17 Street Lighting 18 488,031 488,031 488,031 18 Traffic Control Safety 19 1,884,196 1,884,196 1,884,196 19 Snow Removal 20 1,739,431 1,739,431 1,739,431 20 Highway Engineering 21 0 0 21 Street Cleaning 22 0 0 22 Airport (if not an enterprise) 23 1,341,668 2,253,161 3,594,829 3,594,829 23 Garbage (if not an enterprise) 24 0 0 24 Other Public Works 25 0 0 25 PUBLIC TRANSIT 26 1,512,594 1,512,594 1,512,594 26 CENTRAL GARAGE 27 3,488,965 3,488,965 3,488,965 27 Total Public Works 28 6,883,890 25,712,195 0 0 0 32,596,085 32,596,085 28 Section C -Health and Social Services 29 29 Welfare Assistance 30 0 0 30 City Hospital 31 0 0 31 Payments to Private Hospitals 32 0 0 32 Health Regulation and Inspections 33 0 0 33 Water, Air, and Mosquito Control 34 0 0 34 Community Mental Health 35 0 0 35 Other Health and Social Services 36 372,010 372,010 372,010 36 37 0 0 37 38 0 0 38 Total Health and Social Services 39 372,010 0 0 0 0 372,010 372,010 39 Section D - Culture and Recreation 40 40 Library Services 41 3,128,390 3,128,390 3,128,390 41 Museum, Band, Theater 42 1,132,815 1,132,815 1,132,815 42 Parks 43 3,241,507 3,241,507 3,241,507 43 Recreation 44 3,697,005 3,697,005 3,697,005 44 Cemetery 45 70,000 70,000 70,000 45 Community Center, Zoo, Marina, and Auditorium 46 1,012,576 1,012,576 1,012,576 46 Other Culture and Recreation 47 0 0 47 48 0 0 48 49 0 0 49 Total Culture and Recreation ' 50 12,282,293 0 0 0 0 12,282,293 12,282,293 50 EXPENDITURES P7 CITY OF EXPENDITURES AND OTHER FINANCING USES FOR FISCAL YEAR ENDED JUNE 30, — Continued GAAP / Modified Item description Line General (a) Special Revenue (b) TIF Special Revenue (c) Debt Service (d) Capital Projects (e) Permanent (0 Total Governmental (Sum of cols. (a) through (f)) (g) Proprietary (h) Grand Total (Sum of col. (g)) (i) Line Section E - Community and Economic Development 51 51 Community beautification 52 0 0 52 Economic development 53 1,983,691 1,983,691 1,983,691 53 Housing and urban renewal 54 3,000 9,404,833 9,407,833 9,407,833 54 Planning and zoning 55 720,029 720,029 720,029 55 Other community and economic development 56 2,200,395 347,750 2,548,145 2,548,145 56 TIF Rebates 57 2,993,830 2,993,830 2,993,830 57 58 0 0 58 Total Community and Economic Development 59 4,907,115 9,404,833 3,341,580 0 0 0 17,653,528 17,653,528 59 Section F - General Government 60 60 Mayor, Council and City Manager 61 1,155,109 1,155,109 1,155,109 61 Clerk, Treasurer, Financial Administration 62 1,536,854 1,536,854 1,536,854 62 Elections 63 57,956 57,956 57,956 63 Legal Services and City Attorney 64 307,429 307,429 307,429 64 City Hall and General Buildings 65 733,809 733,809 733,809 65 Tort Liability 66 2,679,914 2,679,914 2,679,914 66 Other General Government 67 6,987,522 3,154 6,990,676 6,990,676 67 68 0 0 68 69 0 0 69 Total General Government 70 13,458,593 3,154 0 0 0 13,461,747 13,461,747 70 Section G - Debt Service 71 14,674,659 14,674,659 14,674,659 71 72 0 0 72 73 0 0 73 Total Debt Service 74 0 0 0 14,674,659 0 0 14,674,659 14,674,659 74 Section H - Regular Capital Projects - Specify 75 75 INFRASTRUCTURE/BUILDING IMPROVEMENTS 76 10,435,364 19,396,503 29,831,867 29,831,867 76 VEHICLES AND EQUIPMENT 77 1,154 3,263,269 3,264,423 3,264,423 77 Subtotal Regular Capital Projects 78 0 10,436,518 0 22,659,772 0 33,096,290 33,096,290 78 TIF Capital Projects - Specify 79 79 TIF DISTRICTS CAPITAL PROJECTS 80 10,481,790 10,481,790 10,481,790 80 81 0 0 81 Subtotal TIF Capital Projects II 82 0 0 0 10,481,790 0 10,481,790 10,481,790 82 Total Capital Projects 83 0 10,436,518 0 33,141,562 0 43,578,080 43,578,080 83 Total Governmental Activities Expenditures 84 75,652,606 50,329,843 3,341,580 14,674,659 33,141,562 0 177,140,250 177,140,250 84 (Sum of lines 14, 28, 39, 50, 59, 70, 74, 83) 85 85 TIF Rebates are expended out of the TIF Special Revenue Fund within the Community and Economic Development program's activity "Other" EXPENDITURES P8 CITY OF EXPENDITURES AND OTHER FINANCING USES FOR FISCAL YEAR ENDED JUNE 30, — Continued GAAP / Modified Item description Line General (a) Special Revenue (b) TIF Special Revenue (c) Debt Service (d) Capital Projects (e) Permanent (0 Total Governmental (Sum of cols. (a) through (f)) (g) Proprietary (h) Grand Total (Sum of col. (g)) (i) Line Section I - Business Type Activities ' 87 87 Water - Current Operation 88 0 88 Capital Outlay 89 0 89 Debt Service 90 0 90 Sewer and Sewage Disposal - Current Operation 91 8,821,246 8,821,246 91 Capital Outlay 92 7,636,928 7,636,928 92 Debt Service 93 2,852,838 2,852,838 93 Electric - Current Operation 94 0 94 Capital Outlay 95 0 95 Debt Service 96 0 96 Gas Utility - Current Operation 97 0 97 Capital Outlay 98 0 98 Debt Service 99 0 99 Parking - Current Operation 100 0 100 Capital Outlay 101 0 101 Debt Service 102 0 102 Airport - Current Operation 103 0 103 Capital Outlay 104 0 104 Debt Service 105 0 105 Landfill/Garbage - Current operation 106 5,765,190 5,765,190 106 Capital Outlay 107 674,970 674,970 107 Debt Service 108 0 108 Hospital - Current Operation 109 0 109 Capital Outlay 110 0 110 Debt Service 111 0 111 Transit - Current Operation 112 0 112 Capital Outlay 113 0 113 Debt Service 114 0 114 Cable TV, Telephone, Internet - Current Operation 115 1,341,804 1,341,804 115 Capital Outlay 116 2,780,396 2,780,396 116 Housing Authority - Current Operation 117 0 117 Capital Outlay 118 0 118 Debt Service 119 0 119 Storm Water - Current Operation 120 1,420,466 1,420,466 120 Capital Outlay 121 662,626 662,626 121 Debt Service 122 0 122 Other Business Type - Current Operation 123 0 123 Capital Outlay 124 0 124 Debt Service 125 0 125 Internal Service Funds - Specify 126 126 127 0 127 128 0 128 Total Business Type Activities 129 31,956,464 31,956,464 129 EXPENDITURES P9 CITY OF WATERLOO EXPENDITURES AND OTHER FINANCING USES FOR FISCAL YEAR ENDED JUNE 30, 2024 -- Continued GAAP / Modified Item description Line General (a) Special Revenue (b) TIF Special Revenue (c) Debt Service (d) Capital Projects (e) Permanent (0 Total Governmental (Sum of cols. (a) through (I)) (g) Proprietary (h) Grand Total (Sum of col. (g)) (i) Line • Subtotal Expenditures (Sum of lines 84 and 129) 130 75,652,606 50,329,843 3,341,580 14,674,659 33,141,562 0 177,140,250 31,956,464 209,096,714 130 Section J - Other Financing Uses Including Transfers Out 131 131 Regular transfers out 132 1,311,116 11,610,665 308,090 13,229,871 2,078,596 15,308,467 132 Internal TIF loans/repayments and transfers out 133 10,466,489 10,466,489 10,466,489 133 134 0 0 134 Total Other Financing Uses 135 1,311,116 11,610,665 10,466,489 308,090 0 0 23,696,360 2,078,596 25,774,956 135 Total Expenditures and Other Financing Uses (Sum of lines 130 and 135) 136 76,963,722 61,940,508 13,808,069 14,982,749 33,141,562 0 200,836,610 34,035,060 234,871,670 136 137 137 Ending fund balance June 30, : 138 138 Governmental: 139 139 Nonspendable 140 1,420,963 553,763 1,974,726 1,974,726 140 Restricted 141 11,259,855 41,103,460 789,478 839,470 32,617,176 86,609,439 86,609,439 141 Committed 142 0 0 142 Assigned 143 24,417,200 3,755,236 1,153,337 29,325,773 29,325,773 143 Unassigned 144 25,971,952 -4,119,030 -6,844,522 15,008,400 15,008,400 144 Total Governmental 145 63,069,970 41,293,429 1,942,815 839,470 25,772,654 0 132,918,338 132,918,338 145 Proprietary 146 32,020,554 32,020,554 146 Total Ending Fund Balance June 30, 147 63,069,970 41,293,429 1,942,815 839,470 25,772,654 0 132,918,338 32,020,554 164,938,892 147 Total Requirements (Sum of lines 136 and 147) 148 140,033,692 103,233,937 15,750,884 15,822,219 58,914,216 0 333,754,948 66,055,614 399,810,562 148 OTHER P10 Part III Intergovernmental Expenditures Please report below expenditures made to the State or to other local governments on a reimbursement or cost sharing basis. Include these expenditures in part II. Enter amount. Purpose Amount paid to other local governments Purpose Amount paid to State Correction Highways 78 Health 43,494 All other 38,039 Highways 78 Transit Subsidies 1,512,594 Libraries Police protection 1,429,401 Sewerage Sanitation All other 641,865 Part IV Wages & Salaries Report here the total salaries and wages paid to all employees of your government before deductions of social security, retirement, etc. Include also salaries and wages paid to employees of any uti ity owned and operated by your government, as well as salaries and wages of municipal employees charged to construction projects. YOU ARE REQUIRED TO ENTER SALARY DOLLARS IN THE Amount areas FOR SALARIES AND WAGES PAID Amount Total Salaries and Wages Paid 48,704,233 Part V Debt Outstanding, Issued, and Retired Transit subsidies A. Long -Term Debt Debt During the Fiscal Year Debt Outstanding JUNE 30, 2024 Purpose Line Debt Outstanding JULY 1, 2023 Issued Retired General Obligation TIF Revenue Revenue Other Interest Paid This Year Water Utility 1. Sewer Utility 2. 37,181,226 5,981,313 2,075,000 41,087,540 732,805 Electric Utility 3. Gas Utility 4. Transit -Bus 5. Industrial Revenue 6. Mortgage Revenue 7. TIF Revenue 8. 5,099,161 12,798,920 4,679,256 13,218,824 272,952 Other Purposes / Miscellaneous 9. 2,961,127 402,724 2,558,402 GO 10. 110,900,000 26,000,000 11,690,000 125,210,000 2,944,709 Parking 11. Airport 12. Stormwater 13. Section 108 14. otal 1.ong-Term I 156,141,514 44,780,233 18,846,980 125,210,000 13,218,824 41,087,540 2,558,402 3,950,466 B. Short -Term Debt Amount Outstanding as of July 1, 2023 Outstanding as of JUNE 30, 2024 DEBT LIMITATION FOR GENERAL OBLIGATIONS Part VI Actual valuation -- January12022 , Amount 4,430,934,025 x.05 = S 221,546,701.25 Part VII CASH AND INVESTMENT ASSETS AS OF JUNE 30, 2024 Type of asset Cash and investments - Include cash on hand, CD's, time, checking and savings deposits, Federal securities, Federal agency securities, State and local government securities, and all other securities. Exclude value of real property. Amount Bond and interest funds (a) Bond construction funds (b) Pension/retirement funds (c) All other Funds (d) Total (e) 1,203,930.12 30,348,985.44 0 132,723,106.78 164,276,022.34 If you budget on a NON-GAAP CASH BASIS, the amount in the Total above SHOULD EQUAL he above summed amounts on the sheet All Funds P1: Ending fund balance, column C PLUS the amounts in the shaded Note area. Notes & Remarks REMARKS This report is prepared using a modified cash basis (budgetary basis) and therefore, total cash and investments shown above of $164,276,022.34 does not equal fund balance for all funds.